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finanrml
mwtf®
[Entered according to Act of Congress, In the year 1900, by the William B.
VOL.
Dam a Company, In the office
SATURDAY, SEPTEMBER
71.
8,
of the Librarian of Congress.]
NO. 1837
1900.
CLEARING HOUSE RETURNS.
The week's total for all cities shows a loss of 21*8 per cent
The decrease from 1898 is 10-7 per cent and the
1899.
For the month of August the clearings make a less
satisfactory exhibit compared with a year ago than in July. decline from 1897 is 3 5 per cent. Outside of New York the
Contrasted with the month of 1899, the aggregate for the falling off compared with 1899 is 9 '4 per cent, the gain
over
from
whole country records a loss of 17*8 per cent.
months the decreuse is 11 "8 per cent.
August.
For the eight
1898
is 7*5
per cent, and the excess over 1897 reaches 5*5
Week ending September
Eight Month*.
Olearing$ at-
1900.
1899.
P.Ot.
1900.
1899.
P.Ot.
1900.
1899.
1900.
P. Cent,
p. c.
1.
1898.
1897.
$
1.184.288,516 4,358.341.843 -26-9 33.250 273,568 40.803,923,161 -18-6
840,554,151
378,337,153 —10-0 8.097 063,631 3,200,102,867
128,194,247
103,458,040 +25-1 1,078 489,434
985,847.360 +9-4
78.981,416
86,378,94* -13-4
724 291,777
854.881,319 -152
+4-8
168 997.453
91.384,372
20,401,489
160,212,071 +5-6
8,639,642
88, 165.113
8,435,166 +2*4
70,904,135 +10-3
11.039.556
93 846,416
10,463.234 +5-4
81,279,853 I-15-5
7.004.062
9,296,832 -24
70, 802.358
68,602,776 +8-2
New York....
-32
Philadelphia
Pittsburg....
Baltimore....
Buffalo
Washington.
Albany
Koch ester...
4,299,576 -5*9
38, 356.734
38,635,316
Syracuse
4,642,235 —3-1
38, 315 456
35,980.815
Scr nton ...
82. 870,233
3,941,060 +1-4
29,287,080
Wilmington.
4-207
13, 828.200
1,386,200
12.716,500
Binghamton.
Total Middle 3.789.226.854 4.987,267,775 -24-0 38.604.740,372 46,351,413,033
436,326.598 539,935,219 -10'8 4,032,694.193 4,684.613.813
Boston
28,305,000
Providence..
27,317,400 -14*7
213.165.700
214,240,100
8.095.950
Hartford
10.431,626 -16-6
86,396,813
92,277,368
6.978,170
New Haven.
7:118.752 -160
50,648,860
58,499,792
5,195,030
Springfleld.
6.704,87* -8*9
44.444,147
60,743,105
-6-4
Worcester...
4,878,235
5,216,1*6
43.103,685
68,570,325
4,408,564
Portland
7,064,621 -37-6
38,004,351
51,621,630
2.533,700
2,950.368 -14-1
26.9S0.253
Fall River...
80,098,4 14
2.023,264
Lowell
2,206.244 —8-8
18.106.394
23,279,639
-11-5
1,557,974
1,760.0*3
14.347,089
18.884,863
New Bedford.
Total N. Bng 4947902,675 609,704,227 -18*8 4.665,861,476 0,287,528,668
4,044,674
4,496,098
3.0H6.42O
1.672,700
.
.
Chicago
532,624,985
60,7*6,700
39,419.998
49,671,901
25,857,481
Cincinnati....
Detroit
Cleveland
Milwaukee....
Columbus
21,7('5,000
Indianapolis
12.888,594
8 671,705
11,711,473
4,985.493
4,056,806
3,730.408
1.258.608
1,842,007
1,768,013
1,862,560
1.732.783
Peoria
Toledo
Grand Rapids
Dayton
Evansville....
Youngstown
8pringfleld.nl
Lexington
Akron
Kalamazoo...
Saginaw
Rockford
Canton
Tot. M.West.
San Francisco.
Salt Lake City.
Portland
Los Angeles...
....
Spokane...
Tacoma
Helena
Farao
Sioux Falls
Total Pacific
Kansas
City...
Minneapolis...
Omaha
St.
Paul
Denver
Joseph
Des Moines....
St.
Davenport,....
81ouxCity
Topeka
Wichita
Fremont
Hastings
Tol. oth'rW.
8t. Louis
New
Orleans.
Louisville
Galveston
Houston
Savannah
Richmond
Memphis
Atlanta
.......
Nashville
Norfolk
Augusta
Knoxville
Fort Worth...
Birmingham...
Macon
Little Rock..
.
Chattanooga...
Jacksonville..
-165
-13-0
—0*5
—6-4
-13-4
-26-8
-10-5
-30-1
-10-5
-22-2
-23-2
-13-7
616,209,771
4,498.280,148 4,287.424,527 +5-4
57,949,750
532.579,400
487,067,750 +0-4
87,702,804 t-4-6
285,073,062
274,198.016 +4-0
44,166,065 +12-6
874,868,324
332,281,610 +128
22,426,514 +8-4
107,027,227
184,094,324 +7-1
10.478,000 +11
177.978,400
166,110,000 --7-1
11,020,477 +8-1
105,249,353
100,020,044 --5-2
7,977,175 +8*7
67,206,556
64,105,427 --4-8
10.591.977 4-10-6
75,518 837
72,508,035 --4 2
+-2-6
4,863.397
41,965.200
37,525,949 +11-8
4,051.415 +0-1
38.807,903
33,324,900 +16-5
3.894.043 —4-2
84,951,348
28,574,651 +22-3
1.107,979 -1-13-6
11,675,611
11,488,803 +1-6
1,778,189 +36
15,605,752
13,894,534 1-12-3
1,533,854 +15-3
15,143.595
12,680,146 - -104
1,433,800 <-29'9
13,8*-3,580 --14-9
15,389 260
1.540,103 +12*5
13,723,850
11,797,404 --16-3
S3
1,035,446
1,248,727
1,108.256
785,905,829
87.919,682
8,669,900
7,874,166
9,461.506
11,404,558
4,201,917
4,477,217
2.018,666
1,048,635
682,215
138.454.352
71.738,638
42,198,464
26,175,769
18,301,122
19,149,013
17,181,331
5,175,556
8,976,915
4,181,701
3.332,121
2,240,939
535.641
657,874
214,845,074
131.348,071
28.301,201
30.342,670
10 184.500
10.174,724
13,172,195
13,070,928
6,781,867
5,361,387
4,876,641
5,553,313
3,060,963
2,275.543
3,684.969
3.190,213
2.232,000
1,886,187
1.664,166
851,134
277,897,962
5,701.231646
1,03 «, 171
1,299,364
1,123,443
:
+6 2
-40
-1-8
10.515,485
10,337,452
9.381,268
9.572.537 +9-9
9.371,853 +10-3
8,420,712 +11-4
752 081,291 +4-5 6,531,268.036 6,137,855,631
+7-9
655,091,704
607,296,533
-11-1
74,118,377
72,001,141
6 921,300 +138
65,895,854
56,147,337
7 631,729 +24-1
78,820,402
67,276,028
12 955,927 —120
83,18*,691
58,904,943
5 ,257,0-4 —20-1
89,318.628
36.851,672
4 408,98" +15-7
33,465,496
26.381,550
2 870,060 +1-6
20,226,371
20,067,268
1 ,248,493 -182
10,430,091
9,618,046
548,908 +6*2
4,998,264
4.580,162
+4-1 1,062,676,922
132 971,559
961,571.636
57 749,838 +24-2
475,547,522
304,025,918
37 834,618+11-6
352,332,509
305.007,605
24 ,701,641 +6-0
208,22", 156
185,886,536
17 ,486,560 +4-7
144,978,29a
156,535,561
+30-8
14 ,639,052
143,761,629
107,0*8,792
15, ,197,5*5 +13-1
142,477,472
101,30 f,536
+0-9
5, 129,658
48,150,683
49,072,247
3, 807,580 +4-4
30,221,631
27,607,195
293,411 +27*0
3,
37,364,643
31.002,717
551,411 +306
19,106,889
23,855,272
918,820 +-16-8
16,224,4*0
17,334,606
487,930 +9-4
4,183,536
4,717,088
528.681 +24 4
4.454,121
5.877,872
+15-9 1,647,325,107 1,389.100.316
185, 328.785
131, 212,321 +0-1 1,083,383,971 1,063.644,077
26, 943.658 +5-0
319,755,68*;
278,304,029
83, ,867,384 -8-0
287,495.765
267,933,223
11, 687,100 -12-5
99,699,500
97,543.175
10, ,180,645 -0 06
101,871,380
84,869.601
9, 265,668 +46-5
137,769,623
76.491,052
13, 074,219 -002
107.033.481
117,410,745
6, 034,259 +11-6
83,439,116
82.921,672
5, 233,366 +2-4
49,362,11*
67,547,401
5, 153,689 -6*4
43,598,669
47,198,385
4, 463,858 +24-4
51,828,881
38,675.495
+4*5
2, 928,967
84,228.274
27,030.078
2, .231,404 +2-0
18,655.176
10.492.790
3 614.806 1+1-9
81,257,928
30,917.77?
+24-7
2, 559.685
28,325,016
20.465,393
1, ,823,000 -22-4
20,654,000
16,254,000
1, 211,737 --55*7
12,002,961
16,098,384
--46-1
1, ,139,200
13,455,262
11.028,091
86 -,537 -20
8,764,043
7.500,819
272,443.453 +2-0 2.558,838,025 2,314.967.4 01
6,939,795,090 -17*8 55,060,610,837 62,482.437,475
81,,494,796
9,,844,285
Total South
Total all
Outside N. Y,
2,516,943.130 2,681 ,453,247 -2-5 21,810,337,269 21,628,514,314
Montreal
58,229,720
63 115.50C -7*7
476.304.15P
520,548,959
Toronto
87,075,892
37 ,207,397 -0-4
831,640,709
826,348.137
Winnipeg
8,173,036
7. 995,291
+2-2
67,984,858
69,414,5 i2
Halifax
7,162,907
7, 923,117 -9'6
50,187,139
44,477,761
Hamilton......
3,035.285
8t John
Victoria
Vancouver
Tot. Can ad?
iy
+6-5
+10-5
+8-7
Publication suspended
8pringfleld....
Seattle
-07
188,182
-S3
3, 103,995
3, 939,925
+30-8
-27-0
4, 929,157
-109
3,
4,052,692
2,876.753
__4/»l,649
121,991,884
131.352.7141 -4-8
26,119,144
25,688,490
24,039,562
20.943,325
21,327,772
22,738.499
29,210,304
25,193.2 '0
1.025,793.646 1.045.853.2H
Table Cleavings by Telegraph on page 474.
+6-4
+7-9
+2-9
+16-5
+37-6
+41-2
—6-2
+26-9
+0-8
+8-4
+9^3
+11-7
+20-7
+15-5
-r-12-0
+8-0
+34-2
+40-5
+1-0
+0-9
+20*2
+21-9
+8-8
+12-8
+319
+18-8
+1-9
+14-9
+7-3
+2-2
+20-0
+82-5
+8-8
+32-6
+16-6
+8-3
+340
+26-6
—4*3
+11
-"-88-5
--27-1
34-1
--22-0
--16-8
New York
Buffalo
Washington.
Albany
Rochester
Syracuse
Scranton
Wilmington
Binghamton.
Total Middle.
Boston
Providence
Hartford
New Haven
Springfield
Worcester
,..
New Bedford
Total New Bng..
Chicago
Cincinnati
Detroit
Cleveland
Milwaukee
Columbus
Indianapolis
Peoria
Toledo
Grand Rapids
Dayton
Bvansville
Youngstown
Springfleld, 111
Lexington
Akron
Kalamazoo
Saginaw
228.141
300,000
268,144
140,018
Portland
Los Angeles
Seattle
Spokane
Tacoma
Helena
Fargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
Omaha
Paul
Denver
St. Joseph
Des Moines
Davenport..
Sioux City
Topeka
Wichita....
Fremont.
Hastings
Tot. other West.
Louis
New
Orleans
Louisville
Galveston
Houston
Savannah
Richmond
Memphis
Atlanta
Nashville.
Norfolk
Augusta
Knoxville
Fort Worth
Birmingham
Macon
Little Rook
Chattanooga
Jacksonville..
,
,
,
,
,
,
,
197,241
280,901
237,311
129,803
186 101,508
Canton
Jacksonville, 111...
Tot. Mid. West'n
San fraud sco
Salt Lake City
St.
—276
Publication suspended
Rockford
Springfleld, Ohio..
St.
-294
—224
780,838.410 1.077,869,802
81,242,593
121,984.393
4,276.500
6.351. 800
1,919,164
2,240,911
1.787,760
2,696,668
1,031,368
1.008,122
885,481
006,000
927,827
1.200,607
492,004
606,442
378,319
458,694
248,654
292,109
03.134,570
137,826,546
112.763,003
118,688,601
12,841,650
11,865,100
6,930,200
6,924.200
10,703,207
10.187,646
5,028.756
4,774.200
4,627,400
4,668.800
2,531,051
2.558,147
1,710,038
1,647.420
8,257,048
2.737,716
975,000
995,775
848.441
812,817
882,664
698.262
347,738
246,134
355,267
304.215
338.253
371,188
406.300
314.500
380 000
285.040
Baltimore
Portland
Fall River
Lowell
933.868,272
89,407,724
25,444,312
20,808,921
3,902,369
1,839.363
1,999,613
1.679.008
863,195
986,310
700,000
283.700
659,777,454
69,345,064
23,629,156
18,176.694
8,987,970
1,478,042
2,290.588
1,406,881
729,657
056,545
700,860
800,700
Philadelphia
Pittsburg
20,281,683
1,803,754
1,576,862
1,72*,388
2.616,897
838,970
868.643
581,332
265.907
111,471
163,855,515
20 012.682
2,681,584
1,711,916
1.620,232
1.558,639
1,446,682
884,771
498,567
247,659
89,649
30,666,897
29,652,131
16,000,000
9,671,936
6,190,648
3 681,462
3,763,295
3.887,831
1.006,117
806,100
900.000
987,052
634.364
121.428
183.873
13,391.849
8,899,624
5,618,918
3,576,109
3,668.777
8,101,293
1,053,541
891,171
1.028,668
505,866
508.180
110.889
126.316
47.184.191
25.872 984
6,947.592
6.682,068
2,300.000
3,000.000
2,800,000
2,362,205
1,240,126
1,064.657
1.060,206
916.865
610,704
479,260
713,414
741,406
651,000
854,386
262.761
176,000
41,870,491
26.271,318
6.153.972
7,640.286
2,800.800
3.509.359
2,347.362
8,993.721
1,306,655
1.061,861
1.107.P54
873,817
696,226
674,195
787.447
571,336
412,000
255,149
311.889
182.092
Total Southern..
68.121.627
50 998.388
Total all
1,174.730,212 1.603.072.828
Outside N. York.
514.952,768
568,214.051
Montreal
Toronto
Winnipeg
Halifax
Hamilton
St.
John
Victoria
Vancouver
Total Canada....
11,518.434
7.179.153
1.647.639
1,831,778
696.963
718.961
640.203
1.017.545
11.750,198
7,618 935
1.612,787
1,447,873
903,726
633,230
g4.750.676
25 619.535
600 889
1,061,897
-7-6
—22-8
—1'4
—19.6
+16-0
—16-3
—15-6
—20
-08
+6*0
—38-4
—20-1
—14-3
-845
-7-0
—46
—28-1
—18*8
-17'4
—14*7
—82*4
-0*8
+40
+0*1
+65
+5-3
+1*3
—1*1
+38
+19-4
-21
+4-2
—1-4
+41-6
-99
-69
+179
+15-8
+1*57
+6-8
+13
1
+7-9
+0-8
+1-8
-3-8
—79
+13*4
+67 9
—43*0
—20
+16 8
+7-3
+246
+3-4
+19-5
+161
+12-3
+15
4
+2-7
+9*2
+06
+85
+51
-12-4
+9*5
-2*9
+W6
1-16
+34-8
—13-5
—19 7
-145
+10-3
-408
—112
-00
—4"2
+4
-12"4
-16*5
-0 4
+29'8
+33-7
+38-8
— 16"7
+39
838,064,780
60,750,009
18,856,767
15,294,789
8,507,820
1.693 734
733.003 064
69,598,279
16,084.010
17.217.960
4,063,166
1,440,440
1,601,943
765,053
1.707,358
884,704
845,651
665,829
822,000
802,800
602,065
278.800
061,103.049
95,107,235
8 866, 100
2,268,166
1.718.856
1.298,Wj5
1,406,689
1,374,866
505.274
693,001
469,721
108,854,202
97,057,028
11.121,700
6.107,211
8.410.187
4,833.798
3.861.500
2,414.932
1,543,972
1,885.276
776.612
649,196
537,308
217,302
350,000
600,868
241,900
259,081
846,892.011
93.143.643
4,482.700
2,178,093
1,401,888
1,850.834
1.346.740
1.503.427
854,0*0
614,908
823.101
107,330,549
101,310.410
11.510,760
6.010.788
6,022 625
4,815.530
2,788,400
2.476,853
1,880,850
2,288,020
683,320
612,644
223 865
822 858
195.700
224,892
138,173
195,533
176,170
148,809
156.843
170,000
140,307,777
17.603,864
1,688,627
1,316,832
1,183,811
1,242.787
681,200
701,403
590,511
122.632
82,635
144 451,823
14.995 819
25,223,831
10.335,494
7.757,264
6,191,423
8,769,690
8.679.372
8,000.000
993,742
858.687
837,468
579.908
352.166
88,875
74,227
87.512 636
24,031.324
4.806.301
6,408.466
3.011.300
2.951.643
1,495.518,
2,914,687
1,209,470
945,723
928,318
763,986
453.248
727,435
008,358
404.666
826,000
267.888
320.223
167 271
+140
-218
53 039.806
-20
11,371.001
7,648,938
1,365.998
1,217,420
549,904
1.528.338
1.849,142
1,256 540
780,864
584648
484,837
420,000
71,585
39,251
26.115 014
11,718,764
8,754.231
4,853.962
3,268.238
2,260,802
1,654,890
750,000
645.007
075.258
656,838
288.180
100,740
112.153
85,732948
28.203 798
6 207 907
6,018.445
2.487.100
3.511,158
1,756,985
2,151 224
1,378 851
997,780
994 250
769,923
584,198
675,721
625 206
817.936
444,000
210 829
248,749
140 688
66,574 794
1,318.130,701 1,218.607 069
—9-4 478.075.921 487.004.006
-5-8
+21 7
-8
—22-9
+18
5
589,717
11.045 S2S
6,855 120
1,428.634
1,111,641
811.601
608,886
22,741 976
22,261.005
+8 6
+4
1
—3 4'
—
;
THE CHRONICLE.
466
COTTON PRODUCTION, DISTRIBUTION
AND MANUFACTURE.
Our annual Cotton Crop and Spinners' Keport,
which we have prepared so many years, we give to-day
in a special Supplement.
merits, for they are well
We
hardly need speak of
its
known and acknowledged the
world over.
The Keport covers, as usual: (1) Our elaborate
compilation of the yield of cotton in the United
States for the year ending August 31 1900; (2) an exhaustive history of the cotton- spinning industry of
the United States for the same year ; (3) a similar review of the production of cotton goods in Europe
for a long series
(4) complete and detailed statements
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 distribution, besides
divers other matters connected with and throwing
upon the yield and uses
ent and prospective.
light
of the staple, past, pres-
when we
accumulated stocks of print cloths.
Still another
favorable incident was the
action Tuesday afternoon, but not announced until some time after
the market closed that day, of the directors
of the American Sugar Refining Company fixing
the quarterly dividend at If per cent on the common
stock, instead of \\ per cent. This act was interpreted as being a permanent rise that is, making the
yearly rate 7 per cent because, as was argued, it
would not have been made unless the outlook had
been of that character; still it apparently failed to
have any influence upon the market price. Other
than these, there were further evid ences that the iron
and steel markets are slowly getting into a better
shape, and some returns of railroad earnings came in
surprisingly good.
Indeed, this matter of continued
increases in railroad earnings is becoming a broader
fact as it progresses; it is beginning to compel the
belief that the country's industries are not by any
means as near dead as some would have us acknowledge.
Transactions of a general character must be
much more pronounced and active than ordinarily or
we should have at this time declines instead of in-
—
—
creases in earnings.
Special interest will be felt in the
of the report
[Vol, LXii,
European section
state that the portion of
it
Altogether the most important development of the
week and most lasting in its influence has been the
which relates to spinners' doings in Great Britain and
on the Continent has been prepared by our Manches- Vermont election. The result afforded far more reaHe has given a very clear account son for encouragement that sound money would seter correspondent.
of the course and results of cotton manufacture dur- cure a large majority of the electoral vote in Noveming 1899-1900 in every important European State, and ber than had been counted upon. It became a source
the prospects for cotton consumption in those coun- of increased confidence both because the Republican
No one is better equippt d than majority was so large and because the Democratic vote
tries the coming year.
he is for that work ; and we are confident that plant- was so small. The majority of 31,000, or a plurality
ers and spinners will find a study of his facts and opin- of 32,500, as indicated by the returns, was several
thousand in excess of the amount the public had exions not only a pleasure but decidedly helpful.
pected, as those figures have never been equaled but
in 1896 ; while the Democratic vote, although show-
THE FINANCIAL SITUATION.
Our markets opened Tuesday
after the holidays
ing a small increase (the total being 16,000 against
15,000 in 1896), was far below
its
normal strength, the
Democratic vote in the five presidential
night— pretty muoh as they closed. A little firmer elections prior to 1896 having been over 20,000.
This statement proves clearly enough that the
tendency at the Stock Exchange was observable, not
attended though by any appearance of outside buying. number of anti-imperialists outside of the DemoWednesday the result of the Vermont election was an cratic voters in Vermont at the election of
have been almost nil.
The
exhilarating circumstance in the security market here this week must
Democrats increased their following on Tuesday of
and in London, and has been ever since.
The pur- this week over 1896 only about one thousand votes;
Other incidents also helped affairs.
that day by Mr. M. C. D. Borden, that increase no more than represents the number that
chase announced
owner of the largest cotton- manufacturing plant in returned to their own party at this election of those
Fall River, of 500,000 pieces of print cloths at 2$ which left its ranks in Vermont to vote for gold moncents, helped to strengthen not only that mar- ey four years ago; the remainder of the Gold DemoIts crats (say about 5,000 in all) that did not vote th«
ket, but also the general industrial situation.
widened by the fact that the Republican ticket stayed at home. The importanl
influence was
sale, as was thought, would prevent a labor derange- conclusions these figures authorize are:
(1) Thai
ment at Fall River which seemed to be imminent. fully two-thirds of the Gold Democrats who voted fo;
Besides, the transaction took about one- third of the Mr. McKinley in 1896 in the Eastern States will vot<
accumulated stock off the print cloth market; this for him again this year or not vote at all; and ("2
would not only stimulate buying by others and be in that the anti- imperialist Republicans that will vote fo
itself an immediate relief, but it would prove more Bryan in the Eastern States are so few that their in
than that, because it removed a fear respecting the fluence is a non-essential quantity in the election
future which the outside public felt a fear lest before This is the inference with respect to the Easten
the November election, when the resumption of busi- States to be drawn from the result of the election r€
ness would materially increase the demand, the accu- ferred to. It is a highly favorable indication, as w
mulations in the hands of the syndicate would become said, that a larger majority of electoral votes will
The sale likewise was attended by cast for the Republican nominees this current y<
a serious burden.
a material rise in raw cotton, which made the Borden than in 1896; this is so because the only reliance
sale at once profitable to the purchaser and gave added Mr. Bryan's election has been all along an exagg
intrinsic value to what remained in first hands of the ated estimate as to the number of the Republican ai
which began
in business circles in
good part Friday average
—
fc
'
September
THE CHRONICLE.
8, 1900. J
imperialists that were to vote for
him
In the West
in
New York and
the reports
other Eastern States.
have been that the imperialist issne was favorable to
Mr. McKinley. Bryan will lose votes in the West because of the position he has taken on that question.
all
467
bituminous coal trade and a revival
commercial
affairs.
From this there
has resulted not only a striking expansion in
the volume of the road's tonnage, but, what was a
hardly less important factor, a betterment in the avertion
in
of the
all
age rate received. The road's traffic consists largely
of bituminous coal and hence has to be transported at
The monthly returns of
by the "Iron Age" of this city show that the output very low rates, so that in 1898-9 the general average
of the pig metal is being most vigorously curtailed, realized on the entire freight tonnage was only a trifle
in exact figures, 4-1. In
so that if even there should be no immediate revival over 4 mills per ton per mile
of demand, it seems likely the proper equilibrium will 1899-1900, for the first time since 1897, the company
iron production prepared
—
soon be restored.
being decreased
The extent
to
which production
is
was able to increase this average. The increase amounts
to only 54 one-thousandths of a cent per ton mile, and
not generally appreciated. On
September 1 1900 the number of furnaces in blast was yet this slight gain when applied to the year's large
228, against 240 on August 1, and the output per week tonnage represents an addition to revenues in the sum
was 231,778 tons, against 244,426 tons. Even the de- of almost $500,000. We are thus particular in recrease for this one month would represent a consider- ferring to the rise in the rate because owing
As it is, the movement was in prog- to the continued improvement in the condition
able curtailment.
ress in an even more marked way in the two previous of the bituminous trade and the higher tolls remonths. Comparing with June 1 we find that the salting from the same, that feature should be a still
number of active furnaces at that date was 293, with more important factor in the results the current
is
a weekly product of 296,376 tons.
Hence
in the
year.
The income showing for 1899-1900 is exceedsatisfactory.
The surplus above charges for
months since then 65 furnaces have gone out of ingly
and the output has been cut down 64,598 tons the twelve months is over a million dollars, namely
Out of this the company appropriated
per week. This latter, it will be observed, is at the $1,012,952.
rate of over 3| million tons per year.
Unsold stocks $138,269 for extraordinary expenses and improvekeep increasing notwithstanding the smaller produc- ments, $151,000 for payments in reduction of the
tions, and for September 1 are reported 594,218 tons, principal of car trusts and $157,707 in payment of
against 334,680 tons June 1.
Obviously, however, all expenditures for construction, making together
with the make of iron so very greatly reduced it can $446,976. Even after all these deductions, and the
only be a matter of time when the process of piling up payment of four per cent dividends on the preferred
three
blast
stocks will
Were
not for the hesitancy stock calling for $240,000, there remains a surplus
arising out of the Presidential canvass the situation of $325,976, which was carried to the credit of profit
might be counted on to change at once.
and loss.
The
cease.
it
market
There has been no change this week in the official
American coal in Europe is attracting, we hear, a rates of discount by any of the European banks and
good deal of attention in railroad circles. Mr. Charles unofficial or open market rates remain generally firm.
F. Cox, an official in a number of the Vanderbilt The statement of the New York Associated Banks last
road 8, who returned from Europe this week, referring week showed a gain of $3,722,200 in cash, of which
possibility
of developing a large
for
to the subject, said to one of our representatives yester-
$3,373,200 consisted of specie and $349,000 of legal
day that France for political reasons would welcome tenders. The loans were decreased $553,300 and the
another source other than England and Wales for its deposits were augmented $2,130,600. There was a
coal supply.
Locomotive coal is quoted in London at gain in the surplus reserve of $3,189,550, to $27,078,42 shillings, equivalent to about $10 50, and in France 475, against $30,871,275,|the highest of the year, on
at about $12 00.
Our bituminous coal, which at the February 3. The payments at the New York Submouth of the mine costs about eighty cents, could be Treasury of checks drawn in redemption of the exdelivered, it is thought, at ports in the Mediterranean tended 2 per cents have amounted during the week
and in the English Channel at less than 86 00 a ton to $881,372 33, making, with those previously reif suitable vessels could be provided for the trade, the ported,
$8,058,563 03.
The total redemptions resame as is done for oil. It would seem that it ought ported from Washington up to the close of business
not to be a difficult matter to enlist the necessary on Thursday, including the above, was
$17,946,650.
capital
provide the ocean carriage for a traffic Applications for the exchange of fundable bonds for
evidently capable of assuming immense pro- the new 2 per cents have thus far amounted, as reported
portions by reason of the practically inexhaustible from Washington on Thursday, to
$331,132,150.
which
to
is
deposits contained in the coal fields of this country.
Money on
call has again this week loaned uniformly
each day at the Stock Exchange at 1| per cent and
extended extracts from the annual report of the Buf- at 1£ per cent, with occasional
small transactions at
lalo Rochester & Pittsburg Railway.
The company had 1 per cent, and the average has been a trifle over 1£
a very prosperous year, as is evident
from the fact per cent. Banks and trust companies continue to
that the gross earnings have risen from $3,801,969 to quote
1£ per cent as the minimum for their loans,
$5,012,125 and the net earnings from $1,360,575 though, as noted last
week, when the contracts are
to $2,123,524.
While during the last six months made with the understanding on the part of the
the results included the operations of the Allegheny lender
that they will remain undisturbed for an in& Western, study of the report will show that definite period, 2 per cent is paid. So far as regards
the increased mileage has really been
a minor factor engagements for fixed periods, especially on stock colin the gains in revenues.
As is known, there lateral, there appears to have been a change of sentihas been a great improvement
in
the condi- ment among the banks this week, and a desire
From advance
sheets,
we
print on subsequent pages
.
THE CHRONICLE.
4^8
[Vol. LXXI,
has been manifested freely to offer contracts, whereas and to £69,000 exponed, of which exports £25,000 wag
previously there was a disposition to keep money to Roumania, £19,000 to South America and £25,000
within direct control through call loans. Brokers rep- destination not stated.
resenting large institutions have offered money at 3
The tendency of the foreign exchange market has
per cent for sixty days, 3£ per cent for ninety days
been downward this week. On Tuesday there was a
and 4 per cent for four to six months, on good mixed
liberal supply of cotton and graiu bills, which had
Stock Exchange collateral, and considerable business
accumulated since the close of the previous week, and
is reported to have been done.
In a few cases where
under the pressure of these drafts the market fell off.
the standing of the borrower has been first class, and
When these bills had been absorbed there came a sharp
the
character of the collateral of high grade,
speculative rise in cotton, which threatened, tempoofferings of
loans
maturing in January have
rarily at least, to check exports, but notwithstanding
been made at 3-£ per cent. While the banks
this fact the market continued to decline, and it was
and other institutions have been eager to place
heavy thereafter in the absence of demand. In additheir money on stock collateral,
they seem to
tion to the offerings of bills against grain and cotton
have been equally desirous to make investments in
there is the supply usual to the season of drafts
commercial paper. Heretofore, as has been noted,
against other commodities, and the offerings are rethe purchases of such paper have been chiefly congarded as likely to continue largely in excess of the
fined to out-of-town institutions at the East and to
inquiry. Moreover, owing to the high price of cotton,
banks in Western cities. Early this week dealers in
exchange against this staple is made in larger amounts
commercial paper noticed a somewhat urgent inquiry
even on a moderate volume of exports. With this
from certain of the city banks for such grades of
outlook for an abundant supply of bills, there appears
paper as would command 5^per cent, and before the
to be no disposition to make speculative purchases of
close of Wednesday some of the largest dealers had
exchange, and the demand is therefore confined to
sold all the notes in their portfolios, and the demand
legitimate requirements, which are comparatively few.
was urgent for more. This change of feeling as reHence the downward tendency of the market. Regards paper, as well as collateral loans, is attributed
ceipts of gold at the Custom House for the week were
to greater confidence concerning the result of the
The Assay Office paid $1,393,176 55 for
$30,228.
Presidential election caused in part by the large
foreign and $572,742 02 for domestic bullion.
This
majority for the Republicans in Vermont and also by
Assay Office payment of $1,393,176 55 foreign bullion
the growing sentiment of confidence among the
Western bankers, which has been reflected in their was for French and Spanish gold brought from Cuba
purchases of paper in this market. It is likewise for the account of the United States Quartermaster's
Department, and does not affect the banks. The Asfelt that with the abundant supplies of money in the
sistant Treasurer at New York has during the week
New York banks and the large and accumulating
surplus reserve, there is little probability that any cashed drafts drawn by the Seattle and the San Francisco assay offices to the amount of $1,166,117.
monetary disturbance which
might result from apNominal rates for exchange were 4 85 for sixty day
prehensions of the election of Bryan would be
more than temporary duration, and that and 4 88^ for sight until Thursday, when they were
of
the flurry would be likely to bring into the market 4 84£@4 85 for the former and 4 88^4 88| for the latRates for actual business opened on Tuesday
offerings of money from all quarters. Therefore, with ter.
only about sixty days in which uncertainty regarding (Monday being a holiday) at a decline of one-quarter
the result of the election can exist, it is felt that it is of a cent, compared with those at the close of Friday
wise to embrace every opportunity for the investment of last week, for long and for cables, to 4 84@4 84£
of unemployed balances.
The quotations for com- for the former and 4 88@4 88£ for the latter, while
The
mercial paper are 4 per cent for sixty to ninety- day short remained unchanged at 4 87^@4 87|.
market was weak and it so continued on the
endorsed bills receivable, 4f @5£ per cent for prime,
day,
when there
following
was
decline
a
with the business chiefly at 5 per cent, and
5@6
per
in
rates for actual business of one- quarter of a cent
all
cent for good four to six months' single names.
around, to 4
83f@4 84 for long, 4 87i@4 87£ for
and 4 87f@4 88 for cables.
The tone was
scene of hostilities in South short
Africa indicates that the siege of the English garri- heavy on Thursday, when, though rates for actual
son at Ladybrand by about 2,000 of the Boers was business in long were unchanged, those for short and
raised on Wednesday, owing to the approach of a re- for cables were reduced one-quarter of a cent to 4 87
@4 87£ for the former and 4 87-£@4 87| for the latter.
lief force.
Matters in China are at a stand,
The news from the
and
now regarded
as probable
that
all
it
is
the allied troops
The market was steady on
Friday.
The
following
remain in Pekin. The Bank of England minimum shows daily posted rates for exchange by some of the
rate of discount remains unchanged at 4 per cent. leading drawers.
FBI..
The cable reports discounts of sixty to ninety- day bank
MON., TUI8., WlD.. THTJB-. FBIAug. 81. Sept. 3. Sept. 4. Sept. 6. Sept.6. Sept. 7.
bills in London 3f @3f per cent.
The open market
84*
60 days
485
85
86
84*
Brown Bros.... J SUht... 4 88*
88
88
88*
88*
rate at Paris is 2f per cent and at Berlin and Frank80
60 days
48D
85
86
88
Oaring,
Magoun ACo. {Sight... 4 88*
88*
88*
88*
fort it is 4-£ per cent.
According to our special cable
(flOdajs
485
86
85
84*
Bank British
4 88*
88
88*
88*
No. America,. I Sight...
from London, the Bank of England gained £696,531
t60 days
486
85
86
86
Bank of
<
4 88*
88*
bullion during the week, and held £36,066,751 at the
Montreal
{ Sight,.
88*
88*
e
84*
84*
Canadian Bank i 60 days 486
85
85
3
88
close of the week. Our correspondent further advises
88
488*
o
88*
of Commeroe. { Sight...
88*
V
84*
Ileldelbach. Iok (60 days. 485
85
85
us that the gain was due to the import of £1,054 000
88
88
elhetmer & Co {Sight.... 4 88*
88*
88*
60 days. 485
85
84*
85
(of which £800,000 was from India, £500,000 of it hav- Laiard Freres.. 5
{Sight.... 488*
88
88*
88*
(60 days.
85
85
86
ing been " earmarked " and released, £149,000 bought Merchants' Bk. {Sight.... 485
«8*
4*8*
88*
of Canada ...
88*
in the open market and £105,000 from Australia),
The market closed steady on Friday, with rates f
to £288,000 net sent to the interior of Great Britain actual business 4 S32@4 84 for long, 4
87® 4 87* f«
will
(
:
(
:
1
,
M
r
r
r
&
September
THE CHRONICLE.
8, 1900. J
and 4 8?£@4 87| for cables. Commercial on banks
4 83}@4 83£ and documents for payment 4 83@4 84.
Cotton for payment 4 83@4 83£, cotton for acceptance 4 83±@4 83£ and grain for payment 4 83|@4 84.
short
The
money
following
to
the
gives
and from the interior
Wtek Bndinq
movements of
by New York banks.
week's
Received by
Sept. 7, 1900.
Net Interior
Movement.
Shipped by
N. T. Banks. N. T. Banks.
S3.899.000
617,000
14.699.000
14,416.000
15,623,000
931.000
Loss.
Loss.
(800.000
407.000
During the late fiscal year the policy referred to was carried still further by the acquisition of stock in the
Cleveland Cincinnati Chicago & St. Louis Railway
Company, or "Big Four," the Lake Erie & Western
Railroad Company and the Chesapeake & Ohio Railroad Company. The report makes a brief allusion \o
these purchases, saying that the Board of Directors
issuing in exchange therefor its collateral bonds.
has considered
company that
corporations.
With the Sub-Treasury operations the
Loss. 11.307.000
result
is
as
follows.
469
be for the best interests of the
should become a shareholder in these
it to
it
The matter
of leasing the Boston
&
Albany, which latter road forms a natural continuation of the Central line from Albany to Boston, has
been carried a step further, as is well known, so
that it is only a question of time now as to when the
New York Central will assume the actual manage-
also
Week Ending
Sept. 7, 1900.
Out of
Bank*.
Into
Bank*.
Banks
interior
movement, as above
Total Hold and legal tenders.
14.418,000
15 823.000
17,400,000
Ssb- Treasury operations
15,400,000
121 816.000
121,033.000
following table indicates the
in the principal European banks.
Holding*.
Loss. 11.207.000
Gain. 3.000,000
Gain.
amount of
The
$793,000
bullion
Sept. 7, 1899.
Sept. 6, 1900.
Bank
Net Change in
Bank
of
Gold.
Silver.
Total.
Gold.
8ilver.
1
%
%
%
1
Total.
38.066,751 85.945 438
35,945 438
89.972.194 45,439,330 185.401,434 77.087,060 47,903,406 124.969.466
27.951.000 14,393.000 42,849.000 36,988.000 13,900.000 40 883,000
78,898.000 7,665.000 86,553.000 93.858,000 5,218.000 98,871,000
86,088.751
Franoe
Germany
Ana. Hunu'T. 87,738.000 9,823.000 47,559,000 80.655.000 10,591,000 41.149,000
13,689,000 16,898.000 30.585,000 19,974.000 13,894,000 38,868,000
Spain
15,488.000
1,669,000
17,107,000
15.643.000
1,385.000
16,938,000
Netherlands..
4,870.000
5,788.000
10.668.000
2,741.000
5,999.000
8,740,000
Nat-BelB
3,74)0,000
1,399.000
4,185,000
3,898,000
1,449,000
4,347,000
Italy
di,..
Tot-tbis week 307,410 945 108053230 410,464,176 298,359,488 100141406 308.S00.894
Tot. prev. w'k 808.169.414 104111930 412,280,614 299,174.664 100392806 399 567.370
NEW YORK
The New York
CENTRAL'S STRIKING
RESULTS.
Central's report for the fiscal year
ending June 30 1900 is a decidedly interesting document.
It reveals some really remarkable results
and throws a flood of light on the growth and expansion of the system. Besides this it brings out in a prominent way the gains which have been established in
traffic and revenues and the advance in operating efficiency that has been effected as the result of new
methods and the liberal and continuous outlays for
improvements, betterments and additions to the property.
As
to the extension in the mileage of the system, a
two-line paragraph in the report speaks volumes
to the really noteworthy changes which have
little
as
occurred during the last two years. The paragraph
to which we have reference makes the statement that
" through the purchase of capital stock in other lines
the total mileage owned and controlled by this company has been increased during the year and is now 10,280-65 miles."
That the
New York
Central owns and
controls over 10,000 miles of road will no doubt come
as a surprise to even persons who are tolerably well
informed as to the plans which the Central management have been carrying into execution. There has
been for many years, as the reader well knows, a large
body of railroad mileage in the territory between New
York on the East and Chicago and
ment.
In these various ways the mileage of the Central
has been increased (many of the acquired lines owning or controlling other lines as for instance the
Lake Shore, the Nickel Plate and the Pittsburg &
Lake Erie), until now, according to the report, the
actual length of road so owned or controlled is 10,280
The figures given, we learn, include the
miles.
mileage of the Boston & Albany but not the Chesapeake & Ohio. At 10,280 miles the Central would
seem to be, in point of mileage, the largest railroad
system in the United States, though it is not
possible to say positively whether the Central or
the Pennsylvania ranks absolutely first. The Pennsylvania report for December 31 1899 showed that
only 9,039 miles were comprised in the Pennsylvania
Railroad system at that date. But since then the
Pennsylvania has acquired both the Long Island Railroad and the Western New York & Pennsylvania Railroad.
It has also acquired an interest in the Baltimore & Ohio, the Norfolk & Western and the Chesapeake & Ohio; the purchases in these latter cases,
however, do not embrace a majority holding, and
therefore those roads could not, in any event, be
grouped with the lines owned and controlled.
The balance sheet of the Central indicates that the
cost of the stock acquired in the Cleveland Cincinnati
Chicago & St. Louis Railway is $4,307,379, the cost of
the stock in the Chesapeake & Ohio $1,638,454 and
the cost of the stock in the Lake Erie & Western
$2,897,642.
We noted two weeks ago, in reviewing
the report of the f * Big Four " company, that that
company also held Chesapeake & Ohio stock costing
$2,453,569. We may say, moreover, that in addition
to the Central's holdings in the Big Four and Lake
Erie & Western, further amounts of stock i n the same
two roads are held by the Lake Shore.
While the New York Central controls 10,280 miles
of road, the operations in the report are based on only
2,817 miles. This is a larger mileage than for the preceding fiscal year, when 2,585 miles were operated to
April 30 and 2, 828 miles from the first of May. In a review of the earnings for the year, given in our issue of
June 30, and based on the estimated statement issued
at that time, we showed how decided had been the
growth in revenues as compared with the twelve
—
St. Louis on the
West, under the control of the Vanderbilt interests. It
months preceding. We shall not, therefore, dwell to
has obviously become the policy to concentrate this large
any extent on this feature on the present occasion.
mileage under the direct control or ownership of the
The increase in gross earnings as compared with the
New York Central. The first step in that direction was previous
year was $6,438,935. The report tells us
taken in 1898, when the Central acquired the greater
that of this amount $2,018,843 was owing to the inpart of the capital stock of the Lake Shore & Michicrease in mileage operated, leaving nearly 4^ million
gan Southern and the Michigan Central railroads by
The
dollars as due to the general activity of trade.
THE CHRONICLE.
470
stock from the
basis of 4 per cent p8r annum to the basis of 5 per cent
per annum, but the actual amount coming out of the
company enlarged the dividend on
its
was only 4f per cent, of which the last
per cent) was on the enlarged
payment alone (of
year's earnings
H
amount
of stock ($115,000,000), the first three pay-
ments being on $100,000,000.
Oyer and above the
requirements for these dividends, calling for $4,937,500, there was a surplus on the operations of the
twelve months in the sum of $3,041,526.
In the disposition made of this large surplus we
see exemplified the wise and conservative management
of the property, under which it is so broadly prosperThis surplus of $3,041,526 would have paid an
ing.
additional dividend of 3 per cent on the average
amount of stock outstanding for the year. Instead
of applying the money in that way, $2,000,000 has
improvement fund toward
defraying the cost of a very extensive scheme of betterments. The other $1,000,000 has been carried as
a credit to profit and loss account, which means that
in one way or another it will be applied in much the
same way. The principal portion of the $2,000,000
special fund is to be used in strengthening and rebuilding the bridges throughout the system, s 3 as to
been
set aside as a special
prepare the road for the increased use of the heaviest
classes of motive power and rolling stock.
The amount specifically set aside, however, out of
earnings for improvement work constitutes only a
small portion of the appropriations from earnings for
betterments and improvements. As in the case of so
many
other railroad companies, very large amounts
have been spent in this way and charged directly to
expenses. For instance, of the increase of $3,880,429
in expenses over those of 1898-99, no less than
$1,691,060, according to the report,
extraordinary disbursements
is
chargeable to
for additions
and im-
provements to the property, the rest of the increase
being due to the larger mileage operated and to the
Analyzing the expense
heavier traffic movement.
account, we find that expense of maintenance of way
and structures was augmented $2,218,509, or over 44
per cent.
This large outlay, it is stated, has
been made in pursuance of the Company's policy which looks
not only to the present improvement of the property, but to a decreased
cost of maintenance in the future.
The expense per mile of road was $2,580 and per mile of
main tracks $1,663. For repairs and renewals of
bridges and culverts $1,231,784 was spent, as against
$493,027 in the preceding year. The latter item for
the late fiscal year includes charges of $870,000 on
account of the anticipated cost of strengthening and
rebuilding all bridges on the main tracks. This work
was commenced in the spring of 1899 and is to be
carried on for several years.
The approximate co3t is
estimated at $5,000,000. As stated further above,
$2,000,000 of the
amount
is
without number, taken from the report, to show in
how many
ways improvements and additions
are being made which are charged directly to expenses. One illustration to show what is being done
is furnished by considering the relation of expenses to
gross earnings under each leading group of items for
a series of years. The ratio of the entire body of expenses to earnings in 1899-1900 was 62 41 per cent,
against 62*69 in 1898-1899 and 64-00 in 1897-1898;
but maintenance of way and structures counted for
13*18 per cent in the late year, against only 10*33 and
10*31 respectively in the two years preceding; on the
other hand, conducting transportation counted for
only 36*48 per cent, against 38*92 and 40*34 in the
previous two years.
This last comparison, indicating the proportionate
reduction in the cost of conducting transportation,
illustrates the increasing economy and efficiency with
which the property is being managed. There is no
surer test of true economy in operations than that
furnished by this item of conducting transportation.
The
different
statistics
in the
report, however,
if
diligently
studied and correctly interpreted, will furnish a whole
host of other illustrations to the same effect. As it
happens, the company in the late year realized an
average rate per ton per mile precisely the same as in
the preceding year, viz,, 5*6 mills. The freight
trains, nevertheless, earned $2*03 per mile, as against
only $1*88 in the previous year. The improvement is
due to the fact that the average train-load was again enlarged, raising it to 363 tons per train mile, as against 338
tons in the previous year. This is on the basis of
revenue- earning freight alone. Including company
freight the train-load was 398 tons, against 361 tons.
Such an average load must be considered remarkably
satisfactory.
It is to be remembered that the Central is
at a great disadvantage because of the large proportion of branch
and leased
lines
on which the
is necessarily small, and also because
marked preponderance of east-bound freight
Not enough importance, as a rule, is given
load
train-
of the
traffic.
to this
Obviously the average train-load in any
given case would be largest if the traffic could be of
equal volume in opposite directions, permitting the
carrying of full loads both ways. But on the Central,
of the through freight carried in the late year only
549,188 tons were moved north and west, while 3,362,098 tons passed east and south. In the case of the way
freight the disproportion is not so great, but even
here 12,143,267 tons went north and west as against
21,531,943 tons east and south. Aa bearing on the
same point it may be well to note that of the 7,860,268 freight cars hauled, 28 per cent were empty cars
north and west bound. A table in the report shows
that on the main line of the Central the average trainload in the late year got up to the remarkably high
latter factor.
comparing with 750 tons in
to be provided by the the year preceding.
Manifestly such a result throws
Of the remaining other records in the shade. No word of comment is
improvement fund.
amount, $1,000,000 has already been absorbed
special
[Vol. LXXI.
The plan contemplates
in
figure of 794 tons,
this
necessary to emphasize the condition of a large prop-
management that can show
Nor
replacements of old structures, whether of steel or so heavy a train-load over its main system.
other material, with new steel bridges of the most could any stronger proof be cited to show what has
modern type, and of strength sufficient to allow been accomplished in improving and strengthening
operating expenses.
radical
the unrestricted use of the heaviest classes of engines
and
cars.
The
erty or the efficiency of a
the system within recent years.
The $15,000,000 addition to the stock recently made
was chiefly for the purpose of providing for additiona
work referred to is undoubtedly the
most conspicuous improvement now under way, but equipment to take care of the steadily expanding vol
if we had the space we might cite instances almost
ume of traffic. It appears that $13,335,635 was actu
particular
September
THE CHRONICLE.
8, 1900.1
applied in that way in the late year besides $500,The remaining $1,000 spent in the previous year.
175,000 will be applied the current quarter. These
amount
an increase in gross earnings of $206,857 over the corresponding period
The total for the month, at $5,112,067, is
last year.
the largest of any month in the company's history
exceeding even October, heretofore the heaviest month.
Hence
ally
471
of $883,941, expenses having been
augmented
by $4,458,001. This augmentation in expenses, however, simply reflects the company's policy of making
great additions to equipment will not only produce heavy outlays for renewals and additions and chargThe extent to which the work
earnings, but reduce expenses in saving car mileage. ing them to expenses.
on is best indicated when the comIn the previous year 1,000 coal cars added saved has been carried
Take
1210,824 car mileage, which thus practically paid parison is carried a year or two further back.
The balance sheet shows 1896-7, for example. Since then gross earnings have
for 400 of the cars.
that on June 30 the company had loans and risen $11,397,924, while net earnings have been added
In other words, in
bills payable to the amount of $6,461,037, this com- to in amount of only $1,554,626.
paring with $571,250 at the close of the previous fiscal the three years there has been an augmentation in exThe increase of course is explained by the penses of 9 J million dollars. The bare statement of
year.
purchase of stock in the Chesapeake & Ohio, the Lake the amount of the increase shows what accounts for it.
Of course every one knows that the Milwaukee &
Brie & Western and the "Big Four," the three
together standing at a cost on the books of St. Paul is a well- managed road and that as concerns
The refunding operations were con- operating economy it is conducted with steadily in$8,843,476.
If any proof were needed on that
tinued, and the report says that the saving in in- creasing efficiency.
would be found in the fact that despite the
terest for the twelve months under this plan was point, it
$512,776 and the saving since the beginning of re- uninterrupted decline in freight rates the freight
Thus in
trains are earning each year more money.
funding $1,147,828.
The improvement in revenues is keeping up in the the late twelve months these trains earned $1"90 per
new fiscal year, and for August the company reports mile, against $1'74 in 1898-9 and but $1-69 in 1897-8.
(in the return just issued)
?
it is
no surprise to find that of the 9f million
expenses during the last three
years, less than 2J million dollars has occurred under
the head of Conducting Transportation. On the
other hand the road spent over 3 million dollars more
than in the earlier year upon Maintenance of Way
dollars increase in
In speaking of the increase in traffic for the late year,
the report points out that the greatest proportion of and Structures (namely, $7,554,787 for 1899-1900,
the improvement came from traffic local to the terri- against $4,334,954 for 1896 7), almost a million more
upon Maintenance of Equipment ($3,360,469, against
worth noting that the largest items of traffic in $2,464,838), and made besides a special contribution
the company's freight are now coal and coke, which for Renewal and Improvement Account of $1,550,000
in the late year constituted over 40 per cent and a further special contribution of $1,475,304 for
of the tonnage of the system.
This is quite a Additional Equipment.
change from the situation a few years ago. The
Altogether, it is safe to say that the late year's extransformation is largely the result of the inclu- penses included between five and six million dollars
sion of the low-class tonnage of the Beech Creek and for exceptional outlays to strengthen the property and
Fall Brook lines.
The same factor has also played a improve its position. Many of these expenditures are
part in lowering the average freight rate* which for set out in Chairman Roswell Miller's remarks, which
the last two years, as we have already seen, was only go quite at length into the matter of the late year's
56 mills per ton per mile. This mineral and low-class outlays, and the reader is referred to the report itself,
freight, while it returns only very low average rates, on another page, for these details.
The outlays have
on the other hand is easily and economically handled, been not so much for new construction as for terand thus it contributes substantially to the net revenue minals, raising tracks, ballasting road-bed, revising
of the company.
grades and strengthening bridges. It is worth noting,
tory traversed by the company's system.
It is
also
during the 12 months no less than $1,383,296 was spent on bridges alone. The appropriations
too, that
THE MILWA UKEE &
ST.
PA UL.
upon Renewal and Improvement Account for the last
roads four years aggregate $4,800,000, to which should be
other
in that part of the country, the Chicago Milwaukee added the contribution of $1,475,304 for additional
& St. Paul enjoyed great prosperity in the fiscal year equipment, appearing now for the first time. Much
ending with June last year.' As in the case of these of the Renewal Fund has not yet been applied,
Like the Chicago
properties, too,
& North Western and
not possible to discern the
and hence remains available for future uses over and
above any further amounts that may be contributed
concerned, until the expense accounts are examined from earnings. The balance sheet shows $3,151,866
and it is seen how largely such accounts have been of cash still held on June 30 by the special depositaries
swollen by outlays of an exceptional character in- of the fund.
It is a striking circumstance, too, that
tended to raise the standard of efficiency of road and notwithstanding capital expenditures of $2,295,254 for
measure of
it
this
is
full
prosperity, as far as net results are
plant.
We
need hardly say that the late year was the biggest in the history of the road.
But as showing the
extent to which revenues have been increased, we may
note that the aggregate of the gross receipts was $41,884,692, and that this compares with $38,310,632 in
1898-0, with $34,189,663 in 1897-8 and with but $30,486/769 in 1896-7.
What particularly invites attention is that with the further increase of $3,574,060 in
the gross revenues, net earnings actually fell off in
new lines, etc., during the twelve months, Cost of
Road and Equipment was not increased at all, but
in
fact
slightly
decreased,
certain
small amounts
charged to capital account having been
transferred to the Renewal Fund.
previously
The current fiscal year the earnings will in all likelihood not come up to the phenomenal total of the late
twelve months. The spring- wheat yield in the Norththe present season decidedly
short, and besides that the trade outlook is less fawest, as
is
known,
is
THE CHRONICLE.
472
[Vol. LXXI,
good business seems assured in and since the reorganization there has been expended
any event. Moreover, with expenses for the late year altogether on capital account $3,961,449. While much
burdened with extraordinary outlays of 5 to 6 million has already been accomplished by these outlays, more
remains to be done in the same direction, President
dollars, a possible falling off in earnings resulting
from the causes mentioned is obviously a matter of Fink says. lie lays particular stress upon tho need of
trestles and bridges.
comparatively small moment. With smaller earnings, the replacement of wooden
There are quite a large number of these temporary
these outlays can be curtailed. In fact that seems
structures on the Clinch Valley, the Shenandoah and
to be what is already being done, for the return for
the Scioto Valley divisions, and on the Winston- SaJuly shows expenses decreased $185,182, with a delem, Durham and North Carolina branches. Tempocrease of only $164,149 in gross revenue. It is also
rary works of this character, he rightly argues, must
well to bear in mind that after the five millions of
be replaced by permanent
extraordinary expenditures the income of the late within the next few years
Eenewal Fund is inyear was large enough to provide for all interest and structures, and the $2,000,000
means.
tended to supply the
rental charges and also dividends of 7 per cent on the
In looking for the reason for the wonderfully impreferred stock and 5 per cent on the common and yet
proved results due weight must of course be given to
leave a surplus in the sum of over two million dollars.
the transition since 1896 of United States industries
from a state of adversity to a condition of prosperity,
THE NORFOLK & WESTERN REPORT.
and in particular the great revival experienced by the
Among the smaller systems of roads in the country, iron and steel trades. The Norfolk & Western" is
there is perhaps none where prospects have so com- peculiarly situated in the fact that its traffic consists
vorable.
But a
fairly
changed within the last two years as in the of bulky and low-class freight, which must be carried
case of the Norfolk & Western. The present is only at very low rates. It is true that in the late year 91
the fourth annual report issued by the new company. per cent of the total tonnage and 85 per cent of the
When the property was reorganized in 1896, the out- earnings from freight were derived from local busilook for the immediate future did not appear particu- ness; but it is also true that even In that year coal,
larly brilliant, notwithstanding the changes established coke, ore and other products of the mines contributed
Hence
in the finances and the improvement effected in other 70 per cent of the company's total tonnage.
Dividends on the preferred shares were the revival in the iron and steel and the coal trades,
directions.
begun in a small way in November 1897, but many and particularly the higher prices commanded by the
doubted whether regular payments could be maintained products of these trades, has been an element of great
The reason for advantage to the Norfolk & Western, permitting the
for any considerable length of time.
pletely
the misgiving will appear when we say that net earn- starting-up of many idle plants along the company's
ings above taxes in 1896-7 had been only $2,634,262, lines and the erecting of many new ones.
and in 1895-6 but $2,396,638, while the requirements
It is important to note that the great gain which
for fixed charges in 1897 8 aggregated $2,239,434.
has been established in the revenues (gross having
Let the reader contrast with this the situation at
the present time and note the extremely favorable
outcome in the late year; then he will be able to realFor
ize how complete has been the transformation.
the company's
the twelve months ending June 30 1900
net income was $5,663,471, while the fixed' charges
were but $2,273,639 that is, the net income was over
3£ million dollars in excess of the requirements for
risen in
—
interest.
Even
after allowing in full for the four per
cent dividends on the preferred stock, there is left a
surplus of nearly 2£ million dollars. The surplus in
exact figures for the twelve months (without counting
any accumulated surplus from previous years) is $2,478,564. The outstanding amount of the company's
common
stock
is
$64,469,200, and hence from having
barely earned its fixed charges a short time ago, it advanced in the late year to the position where its operations netted the equivalent of nearly 4 per cent on
common
stock after providing in full for the dividend on the preferred shares.
the
the management (in
Guided by wise
which as is known the Pennsylvania Railroad is now
represented) determined to follow in the course of
other conservatively conducted railroad properties and
utilize this period of prosperity to promote the future
principles,
welfare of the oompany.
two years from $11,236,123 to $14,091,004,
and net from $3,350,024 to $5,589,909,) has been
effected without any benefit from the advance in coal
rates agreed
upon
in the spring.
The average
rate
realized on the company's entire tonnage did improve
slightly, though still leaving it only 4*3 mills, but as
far as the coal traffic was concerned, revenues were
not materially enhanced, because up to June 1 the
bulk of the business was moved under unexpired conFink
rates.
Indeed, Mr.
at low
tracts made
bitumipoints out that rates on the tidewater
nous coal traffic reached the lowest level in the
the road.
We say the fact that
history of
the gain in earnings has not resulted from the higher
coal schedules adopted in the spring is a consideration
of importance, because in view of reaction in trade
which has occurred the last few months and the further circumstance that American industries must
compete with the markets of the world in seeking
a
many
persons are
inclined to doubt whether higher schedules can be
permanently maintained. On the other hand an ad-
foreign outlet for their products,
vance in the average on the whole traffic resulting
from the diversification of the tonnage and the stricter
observance of agreed rates, which seem to have been
Instead of distributing the the main factors in the late year's slight rise in the
$2,478,564, the sum of $1,500,000 has been credited average, is of a wholly different character and posto betterment fund to be used for the replacement of sesses elements of permanence.
This is the first time
trestles and bridges, the lining of tunnels, the revis- in a long while that the average has risen, and Mr
ion of grades and alignments, and such other im- Fink says it encourages the hope that the downwar
provements and betterments as may from time to time course of rates has been definitely checked.
be authorized by the Board. During the year $2,061,There is one other circumstance that has played
529 of expenditures were made on capital account, part in bringing results to their present favorabl
)
.
September
We
8,
—
2
.
1
.
.
THE CHRONICLE.
1900.]
473
refer to the fact that the policy of improv-
In this way, it will be observed, we cover over
and the large 172,000 miles of road. The improvement over the
expenditures made on this account since the reorgan- first six months of 1899 on the mileage named exceeds
ization, have placed the company in a position to take 81 million dollars.
Bat this increase itself follows 38
advantage of the good times by hauling an augmented million dollars increase in 1899 and 61 million involume of traffic. Moreover, this same policy has crease in 1898, as may be seen by the subjoined sumenabled the company to move the increased business mary, in which we carry the comparisons back six
pass.
ing tbe property and
its
with greater economy.
On
sary
to
the
that
say
nage of the late year,
decided
a
addition
facilities,
to
this point it
greatly
and
the
only neces- years, that
enlarged
tonis
which brought such
revenues, was trans-
ported without any increase in the freight train
mileage, this in truth having been slightly reduced.
The explanation
Jan.
is
to the beginning of 1894.
Earnings.
Mileage.
1
Increase
or
Decrease.
to
Tear
80.
Tear
Tear
Tear
Given.
June
Preced'g.
Given.
Preceding.
Miles.
Miles.
t
158,335
155,177
1894
151,089
154,657
169.168
162,710
441,397,290
P.O.
$
—87,914.408 16-61
320
448,103.238 +14,340,823
601
469,080,314 +28,022,369
022
—1,115.001
507,023,396
12-09
60fl.02O.873 +61.032,382
6*85
554,102.901 +87,954,262
601.273.f2>- +81,064,2?6
13-48
1
629,Sll,fl98
462,448,5<<1
found in a further enlargement of
482,1"2,678
1896
160.302
the average train load, to which an addition was made
505,008,395
168,697
163,09'.
164.161
517,058.206
of no less than 51 tons, or 13 per 'cent, during the 1898
165,251
592,057.163
166,699
twelve months. The train-load (revenue load) now 1900
167,707
683.327.764
172.427
stands at the high figure'of 435 tons, thus exceeding
We estimated a short time ago that if we could have
the record made by the Chesapeake & Ohio for the
returns covering all the roads in the country, the gain
previous year, which was 425 tons, though possibly
for the six months would reach 90 million dollars. The
not running ahead of that of the same road for the
figures above make necessary no modification of this
late year, which has not yet been published.
estimate.
In like manner, we estimate the gain for
RAILROAD GROSS EARNINGS FOR THE the first half of last year for the whole United States
system of roads at 42 million dollars, and the gain for
HALF-YEAR TO JUNE SO.
is
In completion of our record of the earnings of
United States railroads for the half year, we present
to-day some additional statistics.
The statements we
gave two weeks ago embraced all roads from which we
could procure returns of both gross and net earnings.
In addition there are a good many roads which will
furnish figures of gross but not of net.
Hence as far
as the gros3 alone is concerned, therefore, it is possible
to present a still more comprehensive exhibit than that
1898 at 68 million dollars. In other words, in three
years the gross earnings in these six months have improved 200 million dollars that is, earnings in 1900
—
were that
much
better than in 1897, showing a very
striking transformation.
In the following we bring forward the statement we
gave two weeks ago showing the changes on the separate
roads, enlarged so as to take in the other roads now
embraced in the compilations. The intention is to
show all changes in excess of $100,000, whether gains
or losses. The table, however, it will be noticed, con-
which we published two weeks ago. I a the following we
start with our original total and add on the other roads.
tains no losses, which indicates that there have been
GROSS EARNINGS OP UNITED STATES RAILWAYS
JANUARY 1 TO JUNE 30.
none for as much as $100,000. On the other hand,
the gains in excess of that figure are exceedingly
Roads.
1900.
1899.
Increase. Decrease
numerous.
$
Prev'sly rep'd (172 r'ds) 511,253,241 537,522,912 73,730,299
Additions for ro'ds in-
elnded in above totals for only 5 mos.
7,759,591
7,396,747
788,553
344,158
316,897
44,528
68,452
581,749
4,595,866
830,»23
351,660
969,589
161.411
22,066
10,519.062
1,660,193
Montana Central
922,252
Gulf Beau. A Kan.Ctty*
109.47*
Internat'l & Gt. North.
1,718.325
Interoceanio (tfex.) ...
2,068,900
Kan. City A Omaha* ..
97,350
Los Angeles Terminal..
67,167
Louisv. Evans. A St. L.
960,472
Mexl oan Rai Iway
2,360,900
Mexican Southern
451,731
Mo. Paciflo A Iron Mt.
13,754,032
Central Branch. ..
603,518
Mobile A Ohio
2,8 :>0,*J9l
Mobile. Jack. & K. 6.'..
62.347
New London Nor
450.892
Ogdensb'g A L Champ
269,707
Oregon Snort Line
4,158 620
Paoiflo Coast*
1,91<?,538
Peo. Deo. A Evansv .
450,414
Pittsb. Bess. A L Erie
957,427
St. L Ken. A Southern.
47,500
Sher. Shrev. & South...
173,081
So. Haven A Eastern..
20,519
South. Mo. A Arkansas
81,546
So. Car A Ga. Ext. ..
128,383
Texas A Paciflo
4,0 18,174
Tex Sab Val. AN.
46,580
T '1 St. L. A Kan. City.
855,906
Ulster A Delaware
216,272
Wheeling A Lake Erie*..
961,269
Cleve. Canton A So..
393,082
8,895.605
1,105,741
910,231
113,223
1,759,640
1,999,400
92,586
47.975
V
have since reported for Juoe
J
Ala.N.Orl.Arex Pao —
whio>i
New
A No. East.
Alabama A Vioksb
Vioksb Shrev. A Pao..
Atlantic Vald. A West
Belle. Zinesv. & cin....
Chic. Peo. A St. Louis.
Ohio. St. P. Minn. A Om.
Cleve. Lor. A Whe«l*K.
Ool. Sandusky A Hook.
Orl.
Denver A South west'D
Great Northern St. P. Minn. A Man...
East'n of Minnesota
w"
Total (214 roads)
Net lnorease( 13-48 p.o.)
Miles of road
*
For
five raontns to
6,268
- --«.
62,845
6,30 R
126,325
...»
-.
31.
94,144
250,887
196,691
273,904
791,343
2,325.900
398,1 '0
12,555,951
540,226
2,276,271
31.110
453,208
2*2,831
3,604,864
1,928,461
389,088
626,998
43,938
150,254
15,978
55,098
110,539
3,740,028
28,650
910,567
180,014
758,495
338,228
3,750
46,315
69,500
4,764
19,192
169,129
35,000
53,611
Pennsylvaniat
$11,370,500
Baltimore A Ohio
3,926,224
Atch. Top. A Santa Fe.
3,278,01
Ulinois Central
2,516,068
Southern Paciflo Sys.. 2.406,334
N. Y. Central
'A312.414
Leh. V. RR. and L V.C.
2.304,559
Gt. Northern 8ystem.
2,189,927
Northern Paoiflo
2,068,107
Ohio. Burl. A Qulnoy..
1,946,512
Bouthern Railway
1,854.680
Louisville A NashviUe
1,741,273
L. Shore & Mich. So...
1,723,250
Mexican Central
1,610,540
Chic. A North West..
1,566,673
Reading.a
1.539,631
Erie
1,492,625
Canadian Paciflo
1,479,436
Ohio. R. I. & Paoiflo..
1.392,679
Ohio. Mil. A 8t. Paul..
1,318,059
Norfolk A Western. . .
1,267,978
Missouri Paciflo
1,261,373
Onion Paoiflo
1,235,641
Clev. Cin. Chic. A St. L.
1,194.027
Mich. Cent A Oan. So.
1,014,000
Buff Roch. A Pitta....
937,575
Boston A Maine
875,936
Wabash
796,480
Chesapeake A Ohio...
782,634
H ocking Valley
772,69 i
Srand Trunk
758.216
Northern Central
651,700
Rio Grande Western..
623,009
Central of New Jersey
618.132
Mobile A Ohio
614,723
Mexioan National
585,135
Oregon Short Line
553,756
Denver A Rio Grande
531,357
Minn. St. P. A S. Ste. M.
481,887
Sav. Fla. A Western..
469,549
Delaware A Hud. Co..
463,595
Kan. O. Ft. So. A Mem.
445,593
Lake Erie A West
444,699
Phil. Wllm. A Bait....
444,100
Mo. Kansas A Texas..
422.309
Pere Marquette
407,833
.
1,198,081
63,292
614,723
31,237
•••• ....
2,316
13,124
553,756
12,925
61.32R
330,429
3.562
22,827
4,511
26,448
17,844
308,146
17,930
54,661
36,258
202,774
54,8 4
s
EARNINGS FOR 6
I it
.
1,623.457
554,4*2
12,018
MONTHS.
Off* AKCN *
Duluth A Iron Range.
Mexican Internat'l....
Pitts. & West'n Sys...
$407,616
396,235
St. L...
Ohio. Peoria
Detroit A Mackinac...
Terre H. A Ind'polis..
382,081
349,630
331,690
330,429
323,062
322.761
311,232
308,506
308.146
307.930
305,214
298,488
2«2,656
278.904
274,338
257.628
250,887
250,825
239,3"2
206,505
196,691
192,588
177,209
176,900
174,111
169,129
161,179
150,858
148,768
138.0S5
131,348
131,177
129,040
128,631
1 27 >276
126,325
116,613
104 59tf
Fltohburg
J-^'fH
Nash. Chat. A St. Louis
Chicago Great West..
Pitts. Bess.
A
L. Erie.
Colorado Midland
Toledo A Ohio Central
Choo.OklahomaAGulf
Louis A San Fran.
St.
Texas A Paciflo,
Chic Ind. A Louisv...
Central of Georgia....
O.A Tex. Pao..
Cin. N.
Bait. A Ohio Southw.
Denv. ASoutliwest'n.
Peoria A Eastern
Wheeling A L Erie....
Clev. Lor A Wheel...
Chic A East Illinois..
Colorado A Southern.
Duluth So. 8h. A Atl..
Col. Sand. A Hocking.
Allegheny Valley. ...
Ala. N. O.
A
T. P. Sys.
W. Jersey A Seash.
Gr. Rapids A Ind. Sys.
. .
Louisv. Ev. A St. L....
Yazoo A Miss. Vail...
N. Y. Chicago A St. L.
Ohio River
Boston A Albany
Bancor A Aroostook.
WestN. Y. APenn....
Elgin Joliet
A
East'n.
Kan. C. Mem.A Birm..
Ga. Southern A Fla...
A
Clev.
Akron
A Col
Wisconsin Oeniral
}°J?'£a2
100,607
Total (representing
„«,.«
$78,402,115
Ill roads)
)
682,327,754 601,273,528 81,287.729
81,054,226
172,427
4.720
167,70:
May
GROSS
Increases.
362,844
949,964
366,224
310,6 19
107,373
74,758
708,074
4,501,722
1,081,710
548.351
1,248.493
PRINCIPAL CHANGES IN
233,503
t
Covers lines directly operated east and west of Pittsburg and Erie.
lines increased $7,672,400 and on Wester*
The gross on Eastern
lines $3,698,100.
o For five months to
May
31.
:
THE CHRONICLE.
474
of
—
With the exception of 1 9 shares of Metropolitan National
Bank stock, npon which dividends of 68 per cent have been
paid in liquidation, sold at auction for $20, there have been no
sales this week of either bank or trust company stocks.
The expansion in national bank circulation as the result
of the enactment of the new financial law of last March is
now on a greatly reduced scale. The monthly Government
statements have been issued this week, and they show that
—
during August the net addition to the volume of circulating
notes was $4,208,454. The movement has been on a gradually
diminishing scale since its inception, and the increase of $4,208,454 for August compares with $10,455,637 for July, $9,070,830 for June, $15,210,563 for May, $14,325,258 for April
and $21,518,190 for March. Altogether, however, it will be
seen, the net addition in this
way
since the firat of last
March
The
several county clerks of thi3 State shall keep an alphabetical index
persons filing certificates, provided for herein, and for the indexing and
filing of sucn certificates they shall receive a fee of twenty five cents. A copy
ot such certificate duly certified to by the county clerk in whose office the
same shail be filed shall be presumptive evidence in all courts of law in this
State of the facts therein contained.
4. This Act shall in no way affect or apply to any corporation duly organized under the aws of this State or to any corporation organized under tDe
laws of any other State and lawfully doing business in this State, nor shall
this Act be deemed or constiued to prevent the lawful use of a partnership
name or designation, provided that such partnersnip name or designation
shall include the true orreal name of at least one of such persons transacting
3.
ITEMS ABOUT BANKS, BANKERS AND TRUST CO'8
[Vol. LXXI.
all
such business.
5. Any person or persons carrying on, conducting or transacting business as
aforesaid, who shall fail to comply with the provisions of this Act, shall be
guilty of a misdemeanor.
Sec 2. This Act shall take effect on the 1st day of September, 1900.
—
A report has been current that the consolidation was in
contemplation of the Ninth National Bank with the People's,
the Pacific, the Mechanics' & Traders' and the East River
banks, the latter being a national institution. We are informed, however, by a prominent official of the Ninth National,
that the report of intended consolidation is without foundation.
Mr. J. K. Cilley, the President of the Ninth National,
has sold the majority of his stock, and he last week tendered
h's resignation to the board of directors, but action thereon
was deferred until next week, when it is expected that Alvah
Trowbridge will be elected in his place.
has been almost $75,000,000, the total of outstanding notes
now (Sept. 1) being $324,223,810, against $249,434,878 on the
first of last March.
Another point of interest in the Government statements
for the month is the changes caused by the redemption of the
—Until Thursday it was expected that the annual meeting
extended 2 per cents. These bonds were called for payment of Group VII. of the New York State Bankers' Association
August 18 under a notice given on May 18 last. When the would be held on Saturday (to-day) at Allenhurst, N. J., and
call was issued, in May, there were outstanding $25,364,500 of arrangements had been made for an interesting and enjoythese bonds. By the first of August the amount had been able session. The Chairman of the Group, H. Bernard
reduced to $19,625,900 under the option given holders to Coombe, after consultation with the Executive Committeeon
receive
payment prior
to the date of maturity, interest in
such cases being paid to the date of presentation. Though
the day of payment is now past, and the bonds have been
drawing no interest since August 18, the debt statement
shows that on the first of September there were still $8,025,650 of these bonds which had not been tendered for payment.
Looking at the statement of the holdings of bonds by the
Government as security for public deposits and national
bank circulation, we find that nearly $5,000,000 of this total
of $8,000,000 represents bonds owned by the banks. The
exact total of such holdings on August 31 was $4,938,650, of
which $3,430,150 was held as security for national bank circulation and $1,508,500 as security for Government deposits.
It is interesting to note that as the result of the payment of
the $11,600,250 of these extended 2 per cents which were
tendered during August, the Government holdings of cash in
sub-treasuries during the month were reduced about 8%
million dollars, such holdings on September 1 being reported
at $275,095,347, as against $283,555,660 for August 1. Gov-
ernment moneys
in the depositary banks were drawn down
over half a million dollars, being September 1
$96,064,261, against $93,584,698 August 1.
only a
little
—We have received many inquiiies concerning the tenor of
new law requiring persons conducting
name or designation except their own to
the
the
office of
and giving
Thursday, decided indefinitely to postpone the meeting
owing to the absence from the city of so many of the members of the Association who were on their vacations.
—
Messrs. Lee, Higginson & Company, Boston, announce
that on September 1 Mr. James Jackson Storrow and Mr.
George Cabot Lee Jr. were admitted as partners in the firm.
—Valentine P. Snyder, President of the Western National
Bank, was on Wednesday elected a director in the American
Surety Co., succeeding the late Edward E. Poor.
Clearings by Telegraph.— Sales of Stocks, Bonds, Ac—
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 ouj
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 1899 there is a decrease in the
aggregate of 16-2 per cent. So far as the individual cities are
concerned, New York exhibits a loss of 23 4 per cent, Boston
11*8 per cent, Philadelphia 4-0 per cent and Baltimore 3 8 per
cent. Chicago records a gain of 3*9 per cent, St. Louis 1'5
per cent, and New Orleans 39*1 per cent.
business under any
file
Week Ending September
CLEARINGS.
certificates in
the County Clerk setting forth their true names
Returns by Telegraph
The law went into New Fork
last (Sept. 1), and is an amendment of the Boston.
Philadelphia
penal cede. We give the text of the law in full below. It Baltimore
will be observed that the Act does not apply to duly-organized Chicago
1522,367,685
Louis
New Orleans
effect
prevent the use of a partnership
name, provided that such partnership name shall include the
real name of at least one of the persons transacting business.
Thirty days is given from Sept. 1 in which to file the required certificate.
it
CHAPTER
216.
Total
An Act Amending the Penal Code bt Insebting Therein a New
Section to be Known as section Th*ee Hcndred and Sixtythree-B, Relating to the Use of Assumed Names in Business.
Became a law March 23, 1900, with the approval of the Governor
passed, three-fifths being present.
The People of the State of New York, represented in Senate
sembly, do enact as follows :
Section
Total
and
'
As-
1(5.487,432
-17-4
+6-«
$963,865,629
$1,118,768,888
279,406,680
-18-8
-25-«
$1,171,830,396
$1,398,175,418
-16-2
-118
-4-0
-38
+89
Our usual monthly detailed statement of transactions on
the various New York Exchanges is appended. The results
for the eight months of the calendar year are given, and for
purposes of comparison the figures for the corresponding
period of 1899 are also presented.
The Penal Code
is hereby amended by inserting therein
a new section to be known as Seotlon Three Hundred and Sixtv-threpJ
1.
$953 281.456
176,471,019
week.
+391
207,964,867
all olties for
+1-5
4.436,795
*T 87,394 ,5 10
6 days....
24,540,877
6,169,321
day
93,665,605
24.909,829
all cities,
13.729,189
09.277,672
Seven cities, 6 days
Other cities, 6 days
$682,199,011
75,926.053
56,885,497
13.810.313
St.
All cities, 1
-23-4
66,838.608
£4,623,038
Saturday
corporations, nor does
P. Cent
1899
1900.
their post-office addresses.
8.
Eight Months, 1900.
B, and to read as follows
Sec. 863-b. 1. No person or persons shall hereafter carry on or conduct or
transact business in this State under any assumed name or under anv
designation, name or style, corporate or otherwise, other than the real
name or names of the individual or Individuals conducting or transacting such business, unless such persoD or persons shall file in the office
of the clerk of the county or counties lu which such person or
persons conductor transact, or intend to conduct or transact sucb business a
certificate setting forth the name un3er which such businuss is or'lsto'be
conducted or transacted, and the true or real lull name or names of the person
or persons conducting or transacting the same, with toe post-office address or
addresses of said person or persons. Said certificate sDall be executed and
duly acknowledged by the person or persons so conducting, or intending to
conduct, said business.
^
2. Persons now conducting such business under an assumed name or
under
any such designation referred to In subdivision one, shall file such CHrtlfioate
as hereinbefore prescribed, within thirty days alter this Act shall take effeot
and persons hereafter conducting or transacting business as aforesaid shall'
before commencing said business,
before prescribed.
file
such certificate In the mumier hereinc
««*iv»l"
Par Value
Actual
or Quantity
Description.
Value.
Eight Months, 1898.
Aver'gt
$7387J6<<9'n«a *6187988,910
Par Value
Price
or Quantiti
llKmo'
70*4
$79,650
$164,'.
03
Total... $7699.669.122 $54579-8.49'
Grain, bush.! 714.747,980; 588,6 9,S90
Total value.
Actual
Vahu.
(8664847560 80"7
1650.177,100 $667,014,546 867
*8,413,4H8 118-9
$7.45 .220
$1,149,677 67-8
$1,709,300
$736,463 i.Si'8
$317,950
UR. bonds. $824,860.8)0 $262,313,805 808
&5.4429L0
t6,366.18^ 1145
Sov't bonds
$i,irn,i-'i
71*2
11.618.100
State bonds
Bank stocks
|
IH5
!
709
74 «0.
$5P90552.7-'4
125 '44 19270 10,132161733
427,723,828
683.513,980
!
81-0
78a
10,569884961
The volnme of transactions in share properties on the New
York Stock Exchange each month since Jan. 1 in 1900 and
1899
is
indicated in the following
:
.
.
.
September
THE CHRONICLE.
8, 1900.]
BALKS OF 8TOOK8 AT
HEW TOBK STOCK BXOHANGB.
1899.
1900.
Month.
Value:
Number
of Shares.
Par.
t
Jan....
0.843.716
reb ...
March.
10,196,392
948,681.487
978.728,926
Values.
Number
of Shares.
Actual.
Par.
Actual.
f
1
$
687.243.018 34.251.988 2,860,845.660 1,610.520,888
718,677,567 16.106,23f> 1,636,870,600 1,100,899,102
14,446,7c 2 1,409,938 660 1.101,018,407 17,742,390 1,705,438,460 1,376.266.851
Istqr 34,486,890 3,833.238,962 2^006,988,992 68,100.60? 5,692,664,600 1.186,686,786
April... 14,772,978 1.434,106,700
9,619,473
903.298.900
7,308,887
May....
Jane...
704,924,650
977.081,461 16,993,626 1,675,038,560 1.431,785,178
610,4V 1.4 18 14,966,899 1,467,683,850 1.234,986,680
466,082,364 10,903,793 1,066,613,050 927,954,406
Sdqr. 31,601,183 3,041,330,250 ?,042.666,243 42,863,818 4,209,116.460 3,594,676,100
66,087.033 6,874,669.212 4,649,694.235 100963926 9.801,770.050 7,780,361,896
8 mos.
JulT....
6.280,498
August
4.020.661
699.848.700
89S.257.:6u
401,407,206 8,387.630
820,926,600 708,857,714
2H6.087.469 12.985.349 1.232,066.050 1.076.627.941
The following compilation covers the clearings by months
January 1,
MONTHLY CLEARINGS.
since
Clearing!, Total All.
Clearings Outside
New
York.
Month.
p.
1890.
1000.
a
1900.
1899.
P.Ot.
+5-6
7,687.769,876
8,603.060,612 -10-2 2,078.170,080
2,813,810.836
6,428.007.889
6.001,303.868
-8-1 2,481.476.340
8,737,489,875 —12-7 8,703,809,821
2,440,684,622
+VT
2,835,404,896
-1-6
lit qmar.. 31,694.838,328 24,231,854.840 -10*6 8,248,265,649
January
February
Ma
..
.
oh
7,629,066.659
8,088,380,364
~+V9
AptU
7,466,064,401
8,291,784,464
3,780.817.45V
2,714,872,628
May
7.806.763.627
8,838,687,830 -12-4 2,828,516,54'3
2,813,079,534
+0-8
+0-6
6.653.858.061
7,606,6; 7,349 -il-S
2,779,644,710
2,726,496,277
+20
91.415,681,079 24.137,099,663 -11*8 8,847,978.716
8.265,348.434
+1-1
16,698,244.284 18,343.788.788
+1-6
Jane.
Sd qnar.
.
6 months. 43,110.614,402 48,368,963,998
-101
-109
Jnly
6,248,864,78»
7,128,688,892 -12
Auaust
5.701.281.816
6.989.796.00
2,697.149,856
2.616.043.180
8
—178
2.708,322,279
-03
2.681.463.217
-2.6
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.
BANK OLBABINOS AT LEADING
—
—
(000.000*
1900.
August.
1899. 1898.
omitted.)
$
3,184
4,358
Hew
York...
540
516
878
131
102
85
Denver
436
533
341
131
128
74
88
61
72
28
30
42
50
39
23
24
26
21
22
18
9
19
Total
6,399
6,642
5,360
302
297
236
Boston
Chicago
Philadelphia
St. Louis....
Pittsburg..
Baltimore...
Ban Fran' oo.
Cincinnati...
Kansas City.
Hew Orleans
Louisville...
Minneapolis.
Cleveland...
Detroit
Provldenoe..
Milwaukee..
Omaha
Bnttalo
Columbas...
St. Paul
Hartford....
Otinr cities..
81
58
58
27
33
38
44
38
27
22
25
20
19
17
10
15
CITIES
Jan. 1 to August
1897. 1900. 1899. 1898.
9
3,512 2,937 33,250 40,804 26.394
435
382 4,033 4,685 3,464
416
391 4,498 4,267 3,527
297
259 3,097 3,200 2,392
107
109 1,083 1,064
929
80
67 1,078
986
648
67
71
724
855
600
65
70
655
607
521
50
46
533
487
431
47
24
27
30
35
33
20
20
26
17
15
16
9
12
«
45
24
26
30
26
29
19
19
19
17
14
15
8
10
476
320
287
352
375
285
213
197
208
169
178
157
86
144
394
278
268
305
332
274
214
134
186
160
166
145
92
107
369
280
231
262
251
229
169
31.
,
1897.
*
19,929
3,257
2,773
2,019
867
534
504
456
407
312
249
210
210
203
192
174
151
147
171
196
138
135
127
84
120
10«
83
97
83
131
4,633 52,398 60,060 41,645 33,147
205 2,663 2,372 2,007 1,641
Total all... 5,701 6,939 5,f>96 4,839 55,061 62,432 43,6 >2 34,788
OutaldeH.Y. 2.517 2.581 2,054 1.903 21,811 21,628 17,258 14,859
a
gStattjetara! ^ommtxtiK\%uQlis\x%z toe
VVV%VVVV^l^>>WV^^VWWW^WV
*^
[From our own correspondent.]
London, Saturday, August 25, 1903.
write there is a dispatch in from Lord Roberts which,
it would seem, brings the war in South Africa at least within
measureable distance of its inevitable end. It has dragged
out far too long already, and there will be a great feeling of
relief throughout the Empire when it is concluded.
The
dispatch I refer to, which of course you will have received
As
I
by
cable, says that De Wet has had to bury his guns and is
again moving back upon the Orange River Colony with a
small following of some 300 or 400 men. It was reported
yesterday that General Botha was with him, but the dispatch
I refer to does not mention this.
The capture of both these
Generals, however, seems now to be only a matter of a very
short time, and it appears hardly probable that the civil
authorities will think it worth while to hold out when the
army has not only been defeated but all its Generals cap-
tured.
From
China, moreover, the information received is of a
most reassuring character. The official dispatches were published yesterday morning announcing the
relief of the for
eign legations by the allied forces in Pekin. This was of
co y>rs« inown semi officially before, but we now have the
actual dispatches from the various embassies. Th9 fact that
toe ambassadors had not been massacred, as ha' so long
been dreaded, completely alters the complexion of the posi
475
tion in China, and will make it possible for the great Governments, consistent with their own self-respect, to treat with
the Chinese authorities. Had our worst fears been realized
there would have been no course, open to the civilized Powers
but to regard the Chinese as absolute savages and treat them
accordingly. The fact that Baron von Ketteler was murdered on his way to the Chinese Foreign Office, while a most
regrettable incident, does not necessarily compromise the
Chinese authorities— provided always that they can show
that there was a real rebellion and that they were not themselves in a position to protect the person of the German
Envoy. C >n*idering the complete absence of business upon
the Stock Exchange there has been a very marked recovery
in Chinese bonds, showing the great relief that is felt by the
market at the improvemt-nt in trie general outlook.
The Bank of England directors on Thursday again fixed
the official minimum at 4 per cent; but the actual rate
charged in the Bank Parlors in Tnr^adneedle Sreet is of
trfling importance at the present time compared with the
urgent necessity that the Bank should itself exercise an efficient control over the outside market, and that whatever
rate it may decide to charge shall be for practical purposes
Unforthe working rate of the London money market.
tunately, in spite of the vigorous measures which the Bank
took last week, rates have been allowed to give way in Lombard Street to a very serious extent. Day-to-day money has
been plentiful at under 2 per cent, and the discount rate for
three months' bills has fallen to 3J^. It is perfectly true
that, owing to the measures referred. to, the Bank has obtained more than two millions sterling and has increased the
floating supply of capital by some four millions altogether,
in addition to the amount which will come from your side in
connection with the is*ue of the Exchequer bonds. Inasmuch, however, as this money was ob ained by the deliberate
action of the Governors of the Bank, who took sp j cial means
to obtain assistance, the position is a very different one from
what it would have been had the money arrived here merely
as an exchange operation. Had the Bank left the market to
itself the money would certainly not have come here, and if
rates are allowed to fall much lower than they are at present,
there is every po sibility that it will soon disappear. If this
happens we cannot hope to escape a stringent money market
later on in tbe year, and we may even have a repetition of
the minimum of 6 per cent, wich an actual working rate of
anyhwhere from 7 per cent upwards, according to the credit
or standing of the borrower (through which experience we
passed at the end of last year and which no one in the city,
not even the bankers, wishes to see repeated), at the end of the
current twelve months. The silver market is very quiet, the
price of bars remaining at a small fraction over 23d. per
ounce. The India Government has again been very successFor the 20 lacs offered on
ful in the disposal of its drafts.
Wendesiay the total applications exceeded 550 lacs at prices
ranging from Is. 3 29 32d. to the Council's charmed figure of
of Is. 4d. per rupee. The total sales for the year from April
1 have realized some 3% millions sterling, which is about
half the amount realized 12 months ago; the difference, however, has been more than made up by the two loans lately issued by the Indian Government. Tenders on Wednesday for
bills at Is. 3 15-16d. received about 6 per cent and for telegraphic transfers at Is. 4d. were allotted in full.
Upon the Stock Exchange business remains as dull as ever.
The easy state of the money market, to wbich I have referred,
has produced a recovery in the price of consols, the war loan,
some British corporation issues, and other what are known
as high class securities. The feature of the markets, however, is the extraordinary steadiness of prices in every
department, in spi'e of the fact that there is hardly any public support and very li:tle professional business.
The heavy
fall in prices of home railway securities which took place a
few weeks back, in consequence of the unsatisfactory dividends declared and the enormous growth in expenditure
which the various reports disclosed, seems to have been
checked. At the same time the outlook is far from reassuring, as there is little prospect that the growth in earnings
will nearly compensate for the anticipated growth in expenditure; consequently, poor dividend results are looked
for at the end of the year, and there is little inducement for
the investing classes here to buy "home rails," and as a matter of fact neither brokers nor bankers are advising their
clients to do so.
The American railroad market is now so completely and
has so long been dominated from your side that the activity
at Shorter's Court, such as it is, is merely a pale reflection
from day to day of what is passing in Wall Street. The
readiness with which the New York market took up one-half
of the recent issue of Exchequer bonds has naturally made a
very great impression upon the market here. Those who
have undertaken a special study of the subject, and of course
those in close touch with business circles in New York and
other of your great cities, had their eyes opened by the readiness with which your people were able to take over the im:
mense blocks of American railroad securities which British
investors threw upon the market four years ago. The m ignitude of thes9, however, was only known to a limited class;
but the announcement in all the newspapers throughout the
country that the United S:ates had taken half of the British
Exchequer loan of course made this operation known to
everybody, and the outside public has now come to realize
that the New York money market is about to become one of
the greatest financial centres of the world.
.
.
.
1
THE UHKONICLF.
476
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, <fcc.
1888.
Aug. 24
29,917,476
10,i03.«07
41.1MJ.705
19.837.B80
28,897.950
21.212.9ii
33,356.399
41
Other securities
Reserve of notes and coin
Ooln 4 bullion, both departm'ti
Prop. reserve to
liabilities.. p.e.
Bank rate
percent.
Consols, 2M per cent.
Bflver....TT;.r.
Clearlne-House returns
13.074358
29,580,201
23.577,059
S5,039.40t
M
8.301,938
88.168,819
18.220.980
26.964,428
25,890,809
i6.«24.«39
64«
48%
3*
**•„
110 13-18
27 18-I6d.
108 8-16
87*d.
157,481.000
147,374,000
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending Sept. 3, and from January 1 to date.
EXPORTS FROM NEW TOBK FOE THE WEEK.
specie)
27.fl3t.2J0
4815-16
28Wd.
25.
M
28,268.345
7.887,879
40.148.885
4
99 7-16
Aug.
27.760.F40
8.108,711
41,558.077
13.0O9.M54
29.898.168
24.114,502
85.085.342
m
»
Circulation
Public deposits
Other deposits
Government securities
1897.
1899.
Aug. 23.
1900.
22.
Aug.
123,784,000
I2i.718.ooo
For the week..
Prev. reported
:
few Indian orders, there has been no demand. Arrivals New York,
£2,750,000; Bombay, £58,000; Australia, £210,000. Total, £a,018,000.
Shipments: Nil.
Silver— Speoial buying for near delivery raised the price to 2 jl4d.,
at which only a small amount could be placed, and with free selling
the market has since fallen to 28 J«d., with none offering at the price.
The Indian price is quoted at Rs. 72 per 100 tolah3. Arrivals: New
York, £173,000; Australia, £9,000. Total, 818^,000. Shipments:
nominal.
They also report the following under date of August 16
Gold— In the absence of outside inquiry the Bank has received all
the gold arrivals, and has bought during the week £740,000, of which
£682,000 is from New York. The oaly withdrawal is one of £21.000
for Brazil. Arrivals: New York, £682,000; West Indies, £18,000;
total. £700,000. Shipments: Nil.
falling at one time to
Silver -The market has been fairly stead v
28d. it subsequently recovered on renewed Eastern orders, and closes
steadv at 28'i*d. The Indian price is Rs. 72 per 100 Tolahs. Arrivals
New York, £280,000; West Indies, £5,000; total, £285 000. Shipments Aug. 9: Bombay, £82,500; China. £60,292; Straits, £5,571
China, p. "Saxon," £14.000: total, £162,3 S3
Mexican Dollars—These coin are nominal in th*» absence of fresh
business. Shipments Straits, £20,000 China, £3,000.
The quotations for bullion are reported as follows:
:
1899.
88,287,481
390,622,070
$7,414,323
298,987,460
The following table shows the exports and imports of
York for the week ending Sept. 1
and for the corresponding periods
specie at the port of New
and since January 1, 1900,
<n 1899 and 1898.
Week.
Qreat Britain
France
Sermany
West Indies
Mexico
South America
411 other countries.
Total 1900
Total 1899
Total 1898
Aug.
Silver.
Aug.
Aug.
23.
lb.
London Standard.
23.
lb.
d.
d.
d.
t.
Bar
U.
gold, fine
oz.
gold coln...oz.
8.
Germ'n gold coin.oz.
French gold coin.oz.
Japanese yen
oz.
—
77
76
76
76
76
10
8.
d.
77 9ijj Bar silver, fine. .oz. 28*6
76 5
Bar silver, oontain'g
do 5 grs. gold.oz. 28=8
76 5
do 4 grs. gold.oz. 287 19
76 5
do 3 grs. gold.oz. 28 k
76 4*2
.
5
5
5
4^
Cake silver
oz. 306 16
Mexican dollars. oz. 27V
281
$3,060
1,990
4,100
2,340
Since Jan.
Week.
1.
819,029,720
17,661,481
4,500,709
1,895,473
07,800
3,775,955
177,866
1,246.920
Since Jan.
8172
*31,761
415,912
6,548,090
1.
$93,996
254,760
325,884
232,826
216,659
425,287
70,675
5,127
26,462
811,490 847,145,004
2.505 25,803,242
81,620,087
9,200,670
73 ,634,157
1,283,985
ImporU.
Exports.
Silver.
Week.
Since Jan.l.
Week.
8941,110 $33,250,580
590,800
Germany
West Indies
Mexloo
South America
Total 1900
Total 1899
Total 1898
600
Since Jan.l.
859,514
$483
4,450
298,806
411 other countries.
Aug.
Imports.
Export*.
;
Gold.
TORE.
Gold.
:
London Standard.
NEW
EXPORTS AND IMPORTS OF SPECIE AT
;
;
85,947,016
86,003,983
319,626,875 269,600,690
weeks 8398,909,551 8306,401,783'8325,573,891 8275.604,673
:
Bombay, £40,000; Oaloutta, £27,6ZO. Total, £67,620.
Mexican Dollars— With a small business doing, are quoted 28\d.
1897.
1898.
1900.
Total 35
,?„,,
UM4
23«d
Messrs.Pixley&Abell write asjfollows under date of Aug. 23
Gold—The Bank has received daring the week a total of £3,?51.000;
of thiB aboat £2,800.000 has arrived from New York, £201,00.) from
Australia and £250,000 in bars from the open market. Except' ng a
:
rvoL. lxxl,
1,448
2,628
367,400
55,278
52,674
55,314
15,255
8941.710 $34,215,205
526,721 31,435,350
1,142,215 30,630,843
8475,835
175,361
130,332
527.ROR
1.R92.573
616,652
190,833
$3,291456
2,646,222
1,710,403
M
289 l6
2839
283 16
30*4
27V
New York City Clearing House Banks.—Statement of
oondition for the week ending Sept. 1, based on average of
We omit two ciphers (00) in all cases.
daily results.
Nominal
BANKS
English Financial markets—Per Cable.
The
we
daily closing quotations for securities, etc., at London
reported by cable as follows for the week ending: Aug. 31.
London.
Silver, per
Sat.
ounoe
287, e
d.
28"t<>
289, 6
28%
28%
6
985, e
985 18
9858
98ii 16
9813,6
72%
725s
98H l6 x983
Consols., new. 2% p. ote.
For account
Mon.
58
99
Fr'ch rentes(in Paris) fr.
Spanish 4s
Anaconda Mining
9%
28*4
9*8
2834
1ZH
Baltimore & Ohio
Preferred
743s
81»4
913e
Canadian Paolflo
Chesapeake & Ohio....
&
St. Paul...
Den.
116k
Gr., com....
do Preferred.
9176
1938
1138
35%
2d preferred
1734
11934
Louisville & Nashville.. 733s
Mo. Kan. <fe Tex., com.. 1038
Preferred.
31\
N. Y. Cenfl 4 Hudson.. 13314
N. Y. Ontario & West'n 22
Illinois Central
Norfolk
i*16»i'
65*8
A
.
69 k
35k
35k
35»8
855«
119»4
73ia
17*4
119*4
73»8
34%
18k
119k
59
76 1«
Paolflo
Preferred
Wabash, preferred.
Deb.
133*4
*
18k
120
32
134
22
82
134
22
743s
10k
36k
36k
78k
78
52k
52 34
73 k
73 k
65 k
8°B
8«<8
85g
29k
S9k
143s
1438
8»9
2933
143a
35k
35k
35k
113s
538a
11*4
54k
X7638
598g
76*8
73 k
66
x59k
76*2
1834
34
34k
65%
11 78
54%
59 ^
76k
19k
19
34 k
34
1138
73'8
1038
31%
134k
21%
73
65 S4
1*84
^B"
18k
119*4
73^8
10*4
10k
11^
53^
Union
19%
70k
Ilk
35
iouth'n Railway, com.
Preferred
20 k
81%
92 k
29 k
117
Ilk
8»8
29»*
14»a
•Phlla. A Read
"Phlla. A Read, ,1st pref.
* Phlla.
Read. 2d pref.
Southern Pacific
29%
117k
t9»4
52k
73
923a
74 k
1138
51*4
Preferred.
81%
29
117
19 »4
31*4
133*4
21 34
3534
7734
Pennsylvania...
733«
74»8
9k
28k
72%
113a
35 H
Do
do
pref.
Northern Pacific, com..
9k
29 k
81<>8
69 k
2SU l8
0112k 01-22k
92»8
28
lie's
Frt.
9838
7408
81k
92k
77ifl
& Western
Thurn.
9k
£9%
73k
19k
68 \
Erie, common
1st preferred
9k
29 k
7234
7438
28
Chlo. Mil.
Do
Wed.
x98*2
98
101-10 101-00 10100 01-07k
72i«
72ifl
72 »8
72 k
Atch. Top. & Santa Fe..
Preferred
& Rio
Tut*.
3.78
78k
52k
73%
65%
3k
29
14k
3ik
12k
56k
59
76
18 k
34
Frtoe per share.
CSfomrojetx laX
and IJWscellattjeatts Hews
Imports and Exports for the
the imports at
For week.
the week
FOREIGN IMPOSTS.
1900.
Dry Goods
1899.
following are
:
189b.
1897.
Total
82,146,773
7,387,194
81,789,787
5,429,032
81,007,199
5,542,201
89,533,967
87,218,819
96,549,400
181,934,709
282,084,750
870,018,407
274,383,525
864,281,737
226,772,335
$95,012,572
257,961,118
1.
Dry Goods....
Gen'l mer'dlse
Loam.
$
$
Bank of N.Y.... 2,000,0 2,158,8 15,026,0
Manhattan Co... 2,060,0 2,203,6 20,192,0
Merchants'
Mechanics
2,000,0 1,206,4 111,233,0
2,000,0 2,293,0 11,886,0
America......... 1,500,0 3,011,1 21,020,6
Phenlx
274,0
5,043,0
1,000,0
oivy *..•*>••>•>•*« 10,000,0 5,278,6 109,907,4
Chemical
300,0 6,964,0 24,668,1
Merchants' Ex..
228,5
4,746,8
600,0
GtaUatin. ........
8,788,7
1,000,0 1,850,6
Drov's'
Baton. &
1,074,4
300,0
89,4
Mech.A Traders'
2,170,0
400,0
114,8
Greenwich.
970,4
200,0
176,3
Leather M'f'rs..
506,6
4,071,6
600,0
Seventh.
300,0
223,8
8,687,8
State of N.Y.... 1,200,0
636,6
3,976,4
American Exoh. 5,000,0 2,848,6 27,701,0
Commerce
10,000,0 7,029,3 64,286,0
Broadway
6,495,7
1,000,0 1,647,8
Mercantile
1,000,0 1,232,8 18,728.6
Pacific
2,740,8
422,7
493,9
Republic
1,500,0 1,143,2 19,929,9
Chatham
6,002,0
450,0 1,000,7
People's
2,134,7
200,0
325,2
North America. 1,000,0
659,5 12,847,6
Hanover
3,000,0 5,014,1 42,332,4
Irving
4,184,0
467,0
500,0
3,073,6
Citizens'
600,0
420,6
Nassau
2,712,6
500,0
274,8
Fulton
Market*
6,460,6
900,0 1,020,0
Leather. 1,000,0
8,607,1
Shoe
211,2
Corn Exchange.. 1,400,0 1,840,1 19,515,7
4,642,9
Continental
510,6
1,000,0
2,050,0
Oriental
300,0
406,6
Imp't'rs'&Trad. 1,600,0 6,150,1 25,029,0
t lu
*•*** .-•»•- 2,000,0 3,306,2 46,272,0
1.26-J.2
East River
250,0
162,9
Fourth
3,000,0 2,376,0 22,242,0
539,9 11,486,0
Central
1,000,0
8,284,0
300,0
799,0
Second
2,303.1
162,8
750,0
Ninth.
600,0 9,117,0 88,247,6
First
2,951,2
300,0
103,0
N.Y.NaflExch.
8,257,0!
250,0
708,8
Bowery
3,062,3
200,0
375,8
N. Y. County....
3,692,4
750,0
350,1
q erman Amerl.
vj n imp* *••••••••*••
1,000,0 1,994,6 37.775.9i
8,349.6!
100,0 1,287,0
Fifth Avenue...
614,7
2,580,2
200,0
y erman Exoh...
3.136,4
802,0
200,0
Oermanla
890,1
9,729,2
300,0
Lincoln
6,566,1
200,0 1.073,6
Garfield
2,086,4
369,1
200,0
Filth
963,6
6.461,1
300,0
Bank of Metrop.
2,546,0
409,1
200,0
West Side
748,7 11,115.0
500,0
Seaboard.
2,100,0 1,696,4 38,730,9,
Western.
3,914,0
628,3
300,0
l8tNat.,B'klyn.
6,488.9,
635,8
500,0
Liberty
4,057,2'
374,9
1,000,0
CT. Y. Prod. Ex..
5,289,3
411,0
250,0
NewAmgterdam
8,810,7
231,8
850,0
Astor
302,1
2,620,5
600,0
Leather.
Hide
'
&
la.
A
LtgaU.
Specie.
Total 35 weeks $364,019,459 8344,401,932 8291.004,122 8352,973,690
Total....
Depo$iU
_
$
9
2,226,0
5,435,0
2,884.21
3,056,0
4,004,3
1,325.0
40,580,8
4,338,6
782,2
967,2
184,2
226,0
108,1
1,073,9
1,448,0
3,332,0
1,615,8
377,0
2,258,0
133,0
6,914,7
3,138,6
620,2
945,7
71,8
195,0
143,4
212,4
299.6
402,6
2,123.0
6,468,9
389,0
8i3,0
282,4
3,069,0
6,947.6
1,203,4
2,401,1
274,3
4,267.4
580,2
130,3
2,503,0
13,455,0
642,7
483,3
503,9
1,489,7
496,1
1,372,6
991,9
418,7
1,163,6
2,749,7
694,4
194,3
19i,7
722,1
285,5
2,684,0
669,7
249,0
2,207,0
6,808,0
17i,0
2,323,6
1,198,0
739,0
838,7
1,981,9
316,7
348,0
346,9
267,3
4,073,8
347,2
698,6
492,6
1,414,1:
678,8
2,874,0;
844,'/
181.0
6,360,0
9,982,0
182,3
3,863,3!
2,392,0
1.701,0
502,8
7,888.0
504,4
i
365,0
791,91
562,7
8.803,3
2,087,3
191,5
401,?
2,014,7
2,007,0
407,1
1,141,0
473.0
1,051,4
299,9
150,9
626.8
387.0
1,353,0 2,206,0
9,304,9 2,596,1
614,0
960,0
1,128,21
426.0
614,7
366.6
508.8 1,037.6
740,6
178.9
440,8
80,8
-
81,825,156
4,738,635
16,563,791
Uen'l mer'dlse
Since Jan.
New York for
Week.—The
Capital, Surplus.
,9
14,856,0
26,768,0
15,487,8
12,249,0
24.012.7
5.240.0
137,514,3
25.275.3
6,363.6
7.263.1
1.001.5
2.261.0
863,8'
4.163.6
4.450.1
3,204,6
21,186,0
53.141.0
6.938.6
14,480,2
8.234.1
22.457.8
6.094.7
2,571,9
14.279,8
49.723.4
4,447.0
8,081,3
3.024.2
7.129.2
8.879.8
22.782.1
6,7^7,7
1,908,0
26,933,0
67,853,0
1.332.3
23.565,1!
14.615.0
9,172,0
2.625.6
38.638.7
3.161.8
3.330.0
3.948.9
3.463,9
46.367.8
9.460.4
8,002,9
4,362,8
11.843.1
6.866.8
2.226.1
6,912,0
8,181,0
18.706.0
46.838.1
Be.
,trv*
P.O.
24-7
340
255
280
260
278
33 7
29-6
281
28-3
255
186
29-1
309
25-6
21-3
24-4
25-2
287
26-9
23-8
25-0
25-7
21-3
259
32-5
25-5
22-0
230
299
24"i
243
248
22-6
31-8
27-3
28-5
265
24-5
26-8
32
85-8
280
24-2
287
239
266
257
283
20-4
270
33-6
26
241
37-9
259
25-4
4,697,0! 8«-2
6.455.7 24*0
253
3.871.9 "
6,212,6
3,983,6
1,846,8
-
74,222,7 91,085,0 818,849,0 1769044 76,046.8 903.486.9 27-9
Reports of Non Member Banks.—The following is the
statement of oondition of the non-member banks for the
week ending Sept. 1, based on averages of the daily result.
We omit ttoo ciphers (00) in ail cases.
1
.
September
THE CHRONICLE.
S, 1900.]
BANKS.
c
(00s omitted.)
T
Deposit, with
Loans A
Sur-
Net
Invest- Specie
± Bk.
ments.
plus.
t
Notes. Agent. Bks.Jtc
Ofhor Deposit*
CJAir'j
Total receipts at ports from Jan. 1 to Sept.
follows for four years:
.bbH
100,0
300,0
100,0
100.0
200,0
200,0
a&o.o
aoo.u
100,0
100.0
100.0
100.0
200,0
100,0
200,0
100.0
100,0
112,6
212,7
126,6
68,0
16,4
109.1
61,8
134,1
46,0
162.6
126,6
199.4
62,6
67,1
337,7
188.1
26,0
97,0
1179.7
19,0
72,0
93,0
1951,0
72.6
52,9
1068,9
61,9
1234,4
63.3
41.2
681,4
4,7
86,6
1429,1
63,2
82.5
98,5
1830.9
28,0 105.2
1250,6
18,6 119,7
1171,2
87,0 170,0
1847,0
64,3
9,3
963.6
2987,0 216,0 107,0
17,8 181,
1103.6
98 6
44.8
882.0
49.1 216,7
3227,6
94.0
1698.6 102,4
18,3
251,8
4,2
160,0
100,0
800,0
100,0
100,0
160.0
262,0
600,0
100,0
300.0
300.0
100.0
100,0
100,0
100,0
300,0
100,0
100.0
100,0
100,0
121,4
104,0
168,8
43.3
63,6
61,6
492.0
12.8
1113.7
1332.8
1842.7
314.2
657,2
713,9
2487.7
2895,9
940,4
3816,0
2687,0
664.9
896.2
462,0
4*6,0
1093.6
486,0
691.0
642.9
484,0
Isl.
26,0
100,0
67,2
81,3
673.0
682,0
Other Cities.
1st Nat.. Jer. City.
Hud. Co. Nat., J.O.
SdNat.. Jer. City..
3d Nat., Jer. City..
1st Nat.. Hoboken.
400,0
260,0
260,0
200,0
110,0
817.3
646,8
368,2
222,4
467.4
102,4
Colonial
• •
Columbia
Eleventh Ward....
Fourteenth Street.
Oansevoort
Hamilton
Mount Morris
Mutual
Nineteenth Ward..
Plana
Riverside
BUte
Twelfth Ward
Twentr-tnlrd W'd.
Union Square
Torkvllle
Washington
9
968,6
171.0
324,9
194.6
226,0
60,1
72.9
87,6
273,2
ft'i.6
166.8
284,2
110,0
68,1
96,0
180.6
80,9
170.9
89.3
74,7
118,2
1.8
117.0
78.7
136.7
95,0
98,0
1402,0
3100,0
1888,9
1439,6
690.6
1493.1
2422.1
1867,5
1674,3
1905.0
901.9
8288.0
1660,8
1125.9
2383,4
1683,3
332,2
Borough of
Brooklyn.
Bedford
Broad way
Brooklyn
Eighth Ward
Fifth
Avenue
Klnus Count v
Manufaot're' Nat'l.
Mechanics
Moon's'
Traders'
<fe
Nassau National..
National City
North Side
People's
Schennerhorn
Seventeenth Ward
Sprag ue National
Twenty -sixth W'd.
Union
Wallabout
.
Merohants'
Bormwh
405.6
203,6
693.8
692,7
120,9
130,2
64,4
76,1
S33.0
64.9
68.0
45,7
4.7
82,1
119.2
47,0
24.9
26.7
26.2
201,9
127.8
56.1
307,0
283,0
104,4
43.6
28.0
40,0
10,0
23,6
41.4
13,7
46,8
117.6
287,4
176,1
48.6
47.0
66.6
473,7
159,9
72,4
644,0
251,0
39,2
40.8
61,9
63.0
249,8
62.6
75.0
48,0
45,6
16.0
34,4
16.8
24,2
73.2
193,7
1S.2
13,9
66.6
14.6
28,6
32,1
301,0
176,1
16,6
205,0
191,1
12,0
32,2
15,7
8.4
104.9
6.0
20.7
37.3
1208,6
1402,0
1414.1
313.8
621,2
734.9
3018.3
2965.1
913.4
30,7
25.0 4215.U
94,0 2801.0
874.. 1483.3
111,6
968.6
74,7
666,1
45,4
433 6
8,5 1012.0
1,7
491.6
34 3
643.9
79,9
679.0
100.0
6
83,9
86,0
35,6
61,0
430 6
of
Richmond.
Bank of Staten
Nat., staten
1st
l
si.
SdNau, Hoboken.
198,0
32,0
6-15.0
748,4
Totals Sept. 1.. 7862,0 8468.8i 60329,3 2835.7 8704,5 7306.7 4868,3j67802,i
Totals Auk 25.. 7362,0 8468,8160201.92824.1 8794.2 7651.0 4688.668128 4
Totals An*. 18.. 7362.0 8468.8 69429.4l2918 9 3766 5 8193.6 4614,568246. 1
I
l
l
Mew York
Banks.
City,
banks.
Capital A
Surplus.
Loans.
Specie.
85,846.4 165.643,0
86.346,4 158,735.0
35,346,4 157,136,0
"
39..
Sept. 1..
Deposits.*
l.sgals.
CircTn. Clearings
A
897.409,
667.786,1
894.317.8 28,088.6 786,760,8
901,856.3 28,686,0 671,808,0
903,480,9 28,902,8 659,777,5
9,302.0 206.153.0 5,566,0 102,450.0
9,180.0 203.411.0 6.635.0 87,910.9
9.003,0 300,506,0! 6,694,0 81,943,6
7,693.0
7,693,0
7,688,0
188,891,0
188,856,0
57,484,0
66.927,0
66,922.0
188.V-03.0
75.078,8
73,867,5
69,346,1
We omit
two ciphers in all these figures.
+ Inoludtug for Boston and Philadelphia the Item "due to other banks."
•
Breadstuff's
Brought from
Figures
Page 459.—The
statements below are prepared by us from figures collected by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Sept. 1,
and since Aug. 1, for each of the last three years have been:
MacHpts at-
Flour.
Whsat.
Corn.
Oats.
Barley
*•
97.185
30,876
70.697
68.941
7,200
101,488
1,600
ending Sept.
318,760
10.500
361,600
3S4.100
1.649,600
66.000
29,600
~
Tot.wk.1900
875.891
7,177,883
2,904,203
4,711,719
Bam* wk.'DU
Same wk.W.
480,296
4.751,800
4,913.555
6,370.221
10,648
610.783
1,
Corn,
Flour,
Bwporte from— bush,
busk.
bbls.
*OwVork.„T
8oston
Portland. Mo.
Philadelphia..
Baltimore
•4
ew
Orleans..
Newp'rt News
Montreal
Galveston
409,144
6,566,878
4840,191
4.617,051
646,713
Slept. 1.
1.818,877
88,210,461
90.349,701
13,214,137 93,746 007
2P.504 874 84.570,071
9o,es«,«B0 10.88O,4Pt
1.873,841
2,114,748
1.992.S42
499,398
686.868
1,786,309
1.9»5 5«l
The receipts of Hour and grain at the seaboard
week ended Sept. 1, 1900, follow
the
£°"°n--,
»° ntr.e*
Phlladelpnia
Baltimore
Rlohmoud...
Mow
I.10O 1"!
ports for
:
F.OUT
at-
Orleans*...
Newport News..
ttalveston
Portland. Mo....
_ TpUlwaak..
Week 1899.
„
HBE.
160,141
68,320
96.0*9
94,Ht'0
94,011
2.164
10.485
90,50
'*
9.686
636.096
41O.4S0
••••>•*
17,062
81.401
863,386
818.518
868.687 1,766.491
47.100
93.831
68,190
4,081
Continent.
O. Amerloa.
A'est Indies
Sr.N.Am. Colo's
)ther countries
I. St
bote.
983.687 10.360.179
48.051 8.883,814
8,607
1.099.674
14,680 1,405.108
187,480
069
800.181
fl.t-68
,~ 863,880 16.OS8.282
Total
Total 1898-99,...
863,667 17,669.989
100,391
week and
since
Wheat-..
Cam.
Since Sept.
Week Since Sept.
1. 1809.
Sept. 1. 1. 1899.
Sept, I
.,u»>i
busH.
mesh,
bush.
1,567.780 56,450.0*7 8.871.803 80,808,076
168.128 81.889 607 1,008.808 101.716.031
8.340
24.430
304.084
19,168
878
18.888 1.100.039
548.MH
7.375
675.716'
16,986
96,048 1,850,634
<—•
»
Since Sept.
1.1899
bbls.
Kingdom
United
2,884
18,505
70.000
67,010
18.441
———
,
Week
'
1,764,842 88.047.0818,091.873 196.62(1.501
3,406,120 131,106.011 4,7 .'7.100 lt>7.262.336
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Sept. 1, 1900, was as follows:
In store at—
How York
Do
Corn,
61rt,000
48,000
242.0OU
483.000
420.000
410,000
193.003
afloat
87T,ow
Boston
685.000
Philadelphia
Saltlmore
New Orleans
Glalveston
Oats,
bush.
608,000
bush.
busk.
8.828.ow
1.601.000
647,000
2,823,000
Do
busk.
208.000
615,000
567,'too
336.000
48.000
11.000
90,000
808,000
2,018,000
98,000
468.000
1.135,000
Buffalo
Barlsy,
live.
busk.
104.000
,
275,000
15.000
Montreal
Toronto^
476,000
1.369.000
13.000
1.000
*
•
•
1 •
• •
47.000
afloat,
Poledo
...
Do
80.000
7.000
afloat
818,000
70.000
03.000
76.000
ll.tf66.ooo
76b'.6'o6
8.661. 066
864,'66'6
Detroit
Do
"SVOOO
afloat
Jhtoago
Do
'
afloat
706.000
Do
afloat
rt,Win'mAPUArthur
Duluth
"7.0(0
121.666'
76,666'
1.144,000
6,098.000
17,000
'"£066
131.000
269.000
43,000
68,000
8.676 000
4.416,ouu
62. 000
309.000
78,000
'll'.ob'o
l.ffli.uoi/
188.666
2.000
19.000
'
680.000
87,000
0.000
1,000
1,464.000
17,000
677.006
548,000
87 o'ob'6
285, UK)
"45.0OO
100.000
60 886.000
6.313 000
7.430,000
0.735,000
10,864.000
0,853,000
8,008 oOO
6 086.000
4.830.000
0.B4S.OOO
000
000
000
000
049.000
afloat
Minneapolis
3t Louis
Do
80.000
'
'
16,000
t*eoria
Indianapolis
)n Mississippi River.
On Lakes
On oanal and
river.
20.006
1.C00
•••••••
8.000
afloat
SansasClty
. .
Total Sept. 1, 1900*
Total Aug. 25,1900*
rotal Sept. 8, 1800t
Total Sept, 3, 1898t
Total Sept. 4, 1897t
597 ono
41,000
40.960.000
84,871 000
7,147,000
14,817.000
81.330.001)
'l9,o6b
'
8 nob
769
784
6V8
or 8
617,0)00
044.000
950.000
1.800.000
2.389.000
* Includes stocks In prlvato elevators nt Milwaukee.
t Stooks tn prlvato elevators tit Milwaukee not Inuiudod.
Notb.— Beginning July
1.
1890, the
Now Vork Produce Exchange has changed
New Orleans, Galveston,
Visible Supply Statement by including stooks at
tX. William and It. Arthur (previously omitted)
Oswego and Cincinnati, formerly Included.
its
and leaving out Albany
Auction Sales.— By Messrs. Adrian H. Muller
25 Messln* Land Co. of Tonawanda. N. Y
1,040 Chattanooga Kleotrlo Ry. of Chattanooga,
By
19
Messrs. R. V. Harnett
& Son
:
tfntat,
Corn,
Oats,
Barley
but*.
663.700
181,422
214.087
872.088
8H6.750
16.488
107,185
179.999
bush.
bush.
24. i'OO
8.000
4.161
1,400
& Co.
$72,000 Hampton Roads Hotel Oo. 1st
coupons attached)
..
.$'20
s. f.
fie,
1914, (past-due
$300
Sauktufl and ffitmuctal.
Spencer
3T
4c
39 PINE
Trask &
BANKERS,
STREET,
Co.,
....
NEW YORK
Transact a general bankin* business! act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Ex-cute
commission orders and deal in
INVESTMENT SECURITIES.
bush
758,300
491.321
60.770
SOU.' 99
144.765
80 6H8
47,305
70.000
lot
$3501ot
Bonds.
Bye,
bus*.
$185
Term
Stocks.
Metropolitan National Bank (68 p. 0. paid In liquidation)
1.
{Jew York
80.117
SO.Ot'O
90.ft< 1
-Flour.
Week
Mmportsfor
meek andeinee
Sept. 1 to—
Barley
bush.
Peas,
bush
The destination of these exports for the
September 1, 1899, is as below:
300.630
Receipts
Ry4,
*>ush.
Oats.
bush.
930.338
9
69.004
104.600
tO.OOi
08.705
8J.453
8,685
45.499
00.140
16.938
681.091 1.048,706
101.601
*S0 290
92.788
603.716
80.400
678.718
8V.000
351,698
408.349
179.999
....
479,820
244.816
136.000
Total WOOk.. 1.764,248 3.001.873
iametlme'99. 9 496.120 4,777.160
86.189
149.837
21.719.894
7,330.788
6,815.9*6
several seaboard ports for the week
1900, are shown in the annexed statement:
Wheat,
4,100
610,014
City.
Bines Aug.
1900
1890
296.708.879
64438.910
The exports from the
1,015
6,850
42.315
485,878
267,980
14,300
Kansas
"
Total grain...
4,i'00 6.'0
Stocks.
Bbls.iooibi Butn.eOibi Busa.MHot Bush.SVlbs Bu»ft.481b» Bu.68 It
94,181
8.166 098
1,084.600
110.800
97,980
3,665,645
Milwaukee..
:o,teo
146,760
67.800
18,300
147.600
161000
128,000
450,787
66,466
4149
81,778
14.648
Minneapolis.
1,586.400
653,781
90,380
10.800
180,970
19,4:15
401,183
253,850
8.800
14,600
485.300
Cleveland ...
St. Louis ....
276.497.191
*T«
Do
»
75.448.6
76,318.6
76,696,8
76,045,8
57,661,9 188.454.0 14,454.0
57,651,9 187,808,0 14,139,0
Phila.'
Aug. 18.
247.870,172
Jats..
Sarloy..
Milwaukee
N. \.»
9
9
Aok. 11.. 166.257,7 808.048.2 1770298
"
18.. 165.257,7 814.883,6 1689229
36.. 165.257.7 817.402.3 1736312
Sept. 1.. 166,367,7 816,849,0 1769044
Boa.*
Auk. 13.. 67.651.9 188.498.0 14,409,0
"
35..
Sept. 1..
844.086.100
4.936,270
lW.046.t>04
60.340.165
4M
60.470.
7,04 6 264
l
Boston & Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia,
The New York figures do not include results for the non-
member
47.784,686
187.82 '.606
1897.
17.466.414
73.905.758
148 030.389
66 069.4 59
8,004 017
9,843.609
08.817.049
194.703.179
Wheat,
4606,9 220 6 281,3 805.9 1510.5 6636,5
61.6 250,8
68,9 1698,8
1952.4
82,8
963.6
1247.4
19,4 164.9
66.0
897, S
47.4
93.6
18,9
999.1
32,3
46.1 1783.0
2086.1 111.6
17.8 126,2
910,3
68,6
66,4
767,1
44,6
64,8
189R.
18,773.844
1.776.200
,
......*••••••
m
77.770,31)7
14,090,li-6
.bush
$
•
compare
1
1899.
14.011.399
1000.
»f-
Receipts
flour
ttmw York Crrr.
Borough of
Manhattan,
477
8.560
782,700
971.083
0*U8rt
181.116
203.400
6.H20
163.000
6481660
02.788
2.495,289
8.064.644
1.845
"4.554
1,016
Members N.
Branch
Bxohange
Moffat
Office.
07 State
St.,
Albany
W hite
ALEXANDER M. WHITl, J«
QaoROB Barclay Moffat.
&
BANKERS,
'69.604
1.980,806
8.888.692
V. Stook
29.7<U
947.119
1.949.6*5
8,898.092
20.814
89.753
•Z^^ShSuUcsUertlSP*™** ^^ «"° *™ •»•«"
tl
Members New York Stook Hxohange.
Ne>. 1
NASSAU STREET,
-
NEW YORK.
INVESTMENT SECURITIES.
:
.
THE CHRONICLE,
478
The following were the rates of domestio exchange on
%nvCktxs 7 (Sa^tfce.
I> I
Ndme
New York at
the under-mentioned cities to-day: Savannah,
1-16 discount, selling 1-16 premium; Charleston,
1-10 discount, selling par;
Orleans, bank, $1 00
premium ; commercial, 75c. discount ; Chicago, 50c. discount; St. Louis, 50c. per $1,000 premium; San Francisco,
buying
buying
IDBNDS.
V
Per
of Company.
When
Oenl. Payable
Books closed.
(Bays inclusive.)
.
Sept 6
213 Sept. 15 Holders of reo. Aug. 31
Holders of rec. Aug. 14
1*3
t
Clnolnnatl
St.
1\
Ry. (quar.)
Trust Companies,
Manufacturers'. Brooklyn (qu.)
Oct.
2
Oct.
1
"
Amer.
"
•'
Steel
&
(oora.)
pref. (qu.)
Wire, com. (qu.)..
"
pref. (quar.)..
Amer. Sugar Refg., com. (quar.)
"
"
pref (quar.)
Calumet & Hecla Mining...,
Commercial Cable (quar.)..,
Havana-American, pret. (quar.)
National Steel, pref. (quar.)
Royal Baking Powder, pf.
St. Joseph (Mo.) Gas
Swift*
(qu.)
Co. (quar.)
Westinghouse Klec. Mfg. pf.(qu)
t Payable about Sept. 1.
Sept.
25
Oct
to
1
1*9 Sept. 1
Ik Sept. 1
1% Oct. 2 Sept. IS to
1% Oct. 2 Sept 18 to
1% Oct. 2 Sopt 9 to
1* Oct. 2 Sept. 9 to
$20 Sept. 28 Holders of rec
1% Oct. 1 Sept. 21 to
1\ Sept. 15 Sept 12 to
lh Sept. 29 Sept 15 to
Ik Oct. 1 Holders of rec
Ik Sept 19 Aug. 18 to
to
15*1 Oct
1 Sept. 16
1% Oct. 1 Sept 21 to
Oct.
2
Oct
2
2
2
5
Oct.
Oct.
Sept
Oct.
Sept.
Sept.
Sept.
1
16
30
15
Sept 19
Oct.
Oct.
1
1
market opened on Tuesday, after the triple holiday, with
what had the appearance of more activity than has existed
of late, but it was soon apparent that the larger volume of
business was due to professional operations in a few speculative issues rather than to any new interest in the market. The
tone has improved later, and there are other evidences of
increasing confidence under the influence of the Vermont
State election. The latter, no doubt, fairly represents the
prevailing sentiment of a large proportion of the American
people and is rather discouraging to the advocates of Bryanism. Interest in the political campaign increases day by
day, a fact that is illustrated by the attention given to recent
correspondence of well-known public men which throws
some light upon the issues at stake. Other features of the
week which attracted general attention were the increasing
probability of a coal-miners' strike and a sharp rise in the
price of cotton. Of these features only the attitude of the
miners can be said to have directly affected Wall Street
values, however, and that is seen in slightly lower quotations for the anthracite coal shares.
The foreign exchange market has become easier under
more liberal offerings. The supply of funds in the local
money market is considerably in excess of the demand, and
commercial paper and time loans are more freely taken by
lenders than for some time past, another evidence of the
increasing confidence noted above.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1J^ to X% per cent. To-day's rates on call were 1% to
1% per cent. Prime commercial paper 4 to 5}4 per cent.
The Bank of England weekly statement on Thursday
showed an increase
bullion of £696,531 and the percentage of reserve to liabilities was 5080, against 47*33 last week;
the discount rate remains unchanged at 4 per cent. The
Bank of France shows a decrease of 650,000 francs in
m
gold and 650,000 francs in silver.
The New York City (Jlearing-House banks, in their statement of Sept. 1 showed an increase in the reserve held of
$3,722,200 and a surplus over the required reserve of
$27,078,475, against 123,888,925 the previous week.
1900.
Differed'sjVtn
Prev. week.
reg., at 109; $5,000 4s, coup., 1925, at 134; $6,000 4s, coup.,
1907, at 115% to 115^5 $15,000 4s, reg., 1907, at
to
114% and $2,000 5s, reg., at 113%. The following are the
daily closing quotations; for yearly range see seventh page
following.
WALL, STREET. FRIDAY, SEPT. 7, 1900.-5 P. M.
The Money Market and Financial Situation.—The stock
Sept. 1.
board include $22,500
\U%
1
Miscellaneous.
Amer. Automatlo Maoh.
United States Bonds.— Sales of Government bonds at the
3s, coup., at 109 to 109%; $500 3s,
3
Street Railways.
New
per $100 premium.
5c.
Railroads (Steam).
Atlanta & Charlotte Air Line
West Jersey & Snashore
WeBt Va. Cent. & Pittsburg
[Vol. LXXI.
1899.
4s,1907
48, 1907
48,1925
4s, 1925
58,1904
5s,1904
*
t
Sept.
Sept.
1.
3.
•103
74,222,700
91.035.000
Loans &disc'nts. 816849,000 Deo. 553,300
Circulation
Ret deposits
28,902,300 Inc. 316.300
903,486,900 Ino. 2,1 30,600
Specie
176.904.400 Iao .3,373,200
Legal tenders.... 76045,800 Ino. 349,000
Reserve held...., 252.950,200 Ino 3,722,200
Legal reserve
225,871,725 Ino. 532,650
Surplus reserve 27,078.475 Ino 3,189,550
9,191,250 14,991,050
Notb.—Returns of separate banks appear on pages 47 6 and 477.
Foreign Exchange.—The market for foreign exchange has
been weak, and rates are lower on an increasing supply of
commercial bills and a limited demand.
To-day's actual rates of exchange were as follows: Bank
gram
for payment, 4 83%@4 84; cotton for
83L£; cotton for acceptance, 4 83!^ @4
83J^.
Posted rates of leading bankers follow:
@4
September
payment,
Demand.
Sixty days.
7.
4 83
•109
eoup.
Feb.
Jan.
Jan.
reg.
•Feb.
coup.
reg.
Feb.
Feb.
coup.
O
M
Feb.
reg.
9
o
1-3
Paris bankers' (francs)
Amsterdam
(guilders)
bankers
Frankfort or Bremen (reiohmarks) b'kers
* Less lie.
5
18%<»18V
40li e *40ie
949, 6 «9458
5
16V®16k
403 lr '»40k
95k»953j„
*103 M03k
'109
109
109 k 109 5&
109k
*i09" *i"09" *i'o*9" iol"
*xl3% "113% 114k 114%
'114% 1153^ 115k *115k
o
n
*1333i *1333» *1335»
133%
"133^ •133% *133% 134
113k *112k •112% 112%
*112k *112k "112% 112%
is the prioe bid at the morning board ; no sale was made.
Prioes are quotations in "Unlisted Dep't" for bonds "when Issued.'*
State and Railroad Bonds.— Sales of State bonds at the
Board are limited to $1,000 Alabama class A at 1023^.
The market for railway bonds has been narrow and
for
the most part featureless.
On Tuesday transactions at the Board were limited to $5' 9,000, and the
average for the week was only about $750,000. Kansas
City Southern 3s were unusually active, and declined 1%
points. "With this exception, the market has been generally
firm, and nearly all active bonds close fractionally higher
than last week. Nashville Chattanooga & St. Louis con. 5s
advanced 3 points on bids for $15,000 of that issue, and the 1st
Flint & Pere Marquette cons. 5s also
7s advanced 1 point.
gained over a point. Reading and St. Louis Southwestern
issues were notably active and strong. Atchison Baltimore &
Ohio, Chesapeake & Ohio, Northern Pacific, St. Louis & Iron
Mountain, Southern Pacific and Union Pacific bonds were
,
also relatively active.
—
Stock and Bond Sales. The following shows the volume
of business in stocks and bonds on the New York Stock Exchange for the past week and since Jan. 1
Sales at
-—Week end. Sept. 7.^.
—Jan. 1 to Sept. 7.—^
IT.
T. Stock Exch.
1900.
1899.
1900.
1899.
$51,000
9,600
8,075,500
142.300
40 500
7,513.000
15,493,910
1.625,600
827.93d.300
$7,493,620
1.767.800
659,163.700
13.136,000
7»5,lw2
177,945.400
17,596.400
2,103,918
1203,283,000
Government bonds..
State bonds
BR. and misc. bonds.
.
Total
Stocks— No. shares
Par value
Bank shares, par
value.
1335,055810
1668.435.090
77.1NS 362
124,868.088
$7,445,615 062 $12,099,879,600
$79,660
$317,900
We add the following record of the daily transactions:
Weekending
,
Stocks.
«
FridayTotal.
The
sales
$20,592,000
24.710.000
14.8«5,M00
18 277,600
$569,000
958.500
717,000
811,000
$2,000
6.000
1,500
3.000
26,600
20,500
795,192
$77,915,400
$3,075,500
T9l00
$51,000
HOLIDAY
HOLIDAY
Boston.
Unlisted
Bond
shares,
Wednesday
Thursday
FridayTotal
$2,000
on the Boston and Philadelphia Exchanges were:
Listed
Tuesday
U.S.
Bonds,
Par value.
Monday
Tuesday
Wednesday
Thursday
Railroad, dc. State
Bonds.
Bonds.
Shares.
207,606
263,610
148.V31
187.146
Sept. 7, 1900.
Saturday.
shares,
sales.
.
,
Philadelphia.
Listed Unlisted Bond
shares,
HOLIDAY.
HOLIDAY.
shares,
>
salts.
5.850
7,666
4.914
10,535
18.796
8,338
2,657
1,528
14.900
17,600
9,000
5,242
4,313
4,174
4.607
5.602
2,512
6.562
4,81*
2.328
88.100
73,600
41 000
131.930
28.465
81.319
48.043
18.693
15,714
274.500
Railroad and Miscellaneous Stocks.—The stock market
has been somewhat more active this week, owing chiefly to
increased operations in Brooklyn Rapid Transit, American
Sugar Refining and People's Gas. The movement of these
stocks was irregular. The railway list was generally firm,
although the anthracite coal stocks were weak on the unsettled labor conditions at the mines. Chesapeake
Ohio
was conspicuous for activity, and advanced nearly 2 points
on favorable traffic reports and dividend prospects. Southern Railway preferred advanced 3 points on an active
demand. New York Central gained over a point on limited
transactions. More encouraging traffic reports strengthened
the granger shares. Trans- Continental and Southwestern
The local transportation stocks
issues were generally firm.
were steady, except Brooklyn Rapid Transit, which recovered to-day.
American Sugar Refining covered a range of over 6 points,
and closes with a net gain of 1; 4 points on an increase of the
dividend rate to 7 per cent.
American Seel & "Wire
advanced on the declaration of the regular dividend and
a statement submitted showing a large surplus for the
The
half-year. General Electric moved up over a point.
tobacco stocks and Tennessee Coal Iron & Railway were
steady.
&
5
Prime bankers' sterling bills on London. 4 84k@l 85
4 88d4 88k
Prime commercial
4 83V04 83k
Documentary commercial
4 83 94 84
7.
•Feb.
Monday
59,022,700
75,292,300
672,173,900
14,048,500
752,389,800
148,378.300
54,710,200
203,088,500
188,097,450
Sept.
0.
This
Sept. 2.
58,922,700
77.382.600
753,663,000
14,300,800
849,793.800
168,093,900
53,515,800
221,639,700
212,448,450
Sept.
*103
*109
109
Feb.
Feb.
Saturday
Capital
Surplus
t
Se
Sept.
4.
*103k *103k *103k *103%
2s, 30-year, ref'd'gt
2s, do
do ..reg.
3s, 1918
reg.
3s, 1918
coup.
3s, 1918, small. reg.
3s, 1918, small. c'p.
1898.
Sept. 2.
Interest
Periods.
.
.
Sept
8,
.
.
.
.
.
.
.
.
THE CHRONICLE -STOCK
1900.]
New York
Stock
Exchange— A
Tuesday,
Sept.
3
Sep*.
1.
8ept.
Sept. i.
•18
•18
•45
18
47
147
88*
70*
78*
79*
53*
Wednesday Thursday,
28*
73*
79*
65*
•60
•60
•104
115
'104
51
49
89* 8»* 90
•49
•108
108*
134* 134*
18
47
Sept.
Sept.
6.
•16
•44
7.
18
46
88
46*
28* 28*
71
71*
72* 78
Shares
Railroad Stocks.
•16
18
Sales
of the
Week.
STOCKS.
T. STOCK KXOH.
Friday,
3S* 28*
71*
78* 73*
79* 79* •79* 80
53* 55* 52* 53*
71
71
5
(2 pages)
46
88*
A nn Arbor...,
t\.
pref.
Do
a. ton.
Topeka
*
880
Santa Fe.
13,691
32,13s
9,639
8,159
96,452
pref.
Do
11* 70fe
72* 72* Balt40hto,vottr.oertfs.
79* 80
pref.
Do
58* 56 Brooklyn Rapid Transit.
•60
•60
78
75
75
Buffalo Booh. * Pittsburg
•104
115
115 •104 115
pref
Do
90* 90* 90* x87* 87* Canadian Pacific
49
50
49* 49*
51
anada Southern
.
103 102* 103
102* •108
133* 131* 182* 133* 131
103*
133
Capital Traction
Central of New Jersey.
•
now
96* 96*
96
185
120
Ilk
•88* 83*
•69* 70*
•31* 34
11
135
11
•88* 83*
•69* 70*
168
801
165
301
168*
•118
•160
116
180
112
160
185
uk
•9*
10*
80
31
•57*
58*
64
38
•64
8*
•6
•41
48
16
141
•16*
16* 16*
U13* 118* •111*
•176
177
176*
119
19
19*
67* 67* 68
•18
•13
*4*
15* •18
111
11M
•34
84* •34*
17*
» 17*
•42„ J 5
•43*
•4*
•18
H*
O
o
•80
«
X
Q
•80
84
10*
110
38
87
153*
158
23
88*
162
o
•118
160
116
180
18*
•64
•••••
108
110
38
67
Hi
o
OB
a
p
•14*
9*
30*
9
•3*
4
•14
•37
•98
•809
•60
15
30
95
110
•85
•64
38*
160
91*
153* 154*
91
6*
48* 110* 40*
15
4*
15
11
•18
•13
15
•13
•11
15*
4*
I
84*
34k
17*
18
45
84
•80
1
15
80
95
10k
81
79
33
#
i
t
56
•9* 10k
31* 31*
51* 51*
•70
•80
?8*
Do
pref
Do
pref.
Colorado
4
Tot
otfs.
tr.
••••••
158*
,
810
Oes Moines 4 Ft. Dodge.
Oul. So. Shore 4 AU
110
339
800
•2*
4
•14
15
80
95
27*
88
95
83
•98
»k
•93*
•209
60
78* 72*
93
93*
70
71* 73*
91* 93
'53* 154H 154 154*
•30* 38* •30* 82*
•61
11*
79
83
31*
61* 58*
•36
•185
131
88
187*
131*
11*
38
187*
181
11* Ilk
38
•70
•30
79
82
135
318
•138
•210
185
214
79
80*
1818*" 818*
31* 81*
34* 84*
577* 77*
50*
7i*
31* 31*
35* 35*
76* 76*
51
51*
71* 71*
•183
1313
81*
34*
78*
51*
71*
81*
34*
78*
5C*
71*
21* 81*
35
35*
76* 76*
51
51*
71* 71*
Keokuk 4
Do
vot
600
160
3,908
1.511
pref.
t
Long
Island.
-•»..»...
Louisville 4 Nashville..,
anhattan HleT.,ooasol
Vf
LTXetropoUtan Street
viet. West Side BL (Ohio.)
Do
pref.
Mexlean Central.
vterloan Nat'l tr. roots...
1*
•5
155*
•87
80
•
Bid and asked prices
ae
i
•54* 56*
98
•85
58
60
83
sales
•38*
•55
•54
Railway.
HBW YOBK
8*
60
7
5
•32*
98*
•32*
23*
•55
•54
58
60
80
•55
58
60
83
80* 81* 80
were made on this day.
Bieeok St
4 Ful
Bid.
Ask.
CITY.
F—Stook
lstmort 4s 1980... J4J
'way 4 7th Ave— Stock.
1st mor 0s 1904... J AD
Bdmor 5s 1914....J4J
33
100
383
1103
110
86
108
340
105
118
Oon 5s 1943— 8m Stock Bxobl 1st
B*way Surf 1st 5s gu 1 934 (116 117
M 6slnt as rental. 1905 1103
Central Crosstown—
.
lit
M 6s 1938
Oon Pk N 4
Stock
M4N
106*
866
{185
BIT—Stock 198
OonsOl7i 1908..... J4D 108
130
300
107
1*
«1*
5
•5
7
OUT8IDE 8ECURITIE8 (Given
Street
93
88
I
7
54
83
18
J'ne 30
4 J'ne 12
18 J'ly 5
10*J'ne 21
31* Jan
15* Jan
40*Jan
9
30*Mar 59 Not
May 103 Dee
99*Feb 18 84*Mar 99*May
58*Apr 7 46*Deo 70 Jan
93 Feb 26
85 Feb 94 Not
188 Aug 23
97 Jan 188*Not
S3*Apr 9 33*May 8l*Dea
188*Apr 2 114*Deo 14 9* Feb
39*Jan 15 80 Dec 88*Apr
109 Mar 27
59*Jan l00*Sep
120 Aug 15 11 '2* Jan 132*3ep
15*Apr 8 10*Deo 80*Jan
89 Feb 1 82 Deo l03*Aug
78*Apr 8 50*Jan 85*Aug
43 Mar 31
88 J'ne 44*8ep
39 Apr 16
7*Jan 19 Not
63*Apr 4 81 Jan 52*Not
4 Western.
4 Western
pref.
tr. otfs
pref.
Jan
9
80
Sep
Aug
Sep
Sep
3l0*Sep
122* Jan
136*Sep
185
Sep
85*Mar
58*Mar
64*Not
16* Jan
19*Dee
ll*Dee
15*J'ly
87
4*8ep
30
Dec
12* Dec
108*Jan
107
Jan
10*Dec
63 Deo
12*Deo
8 Apr
7*Jan
10
Deo
Sep
8*Jan
58*Mar
35 Mar
125*Apr
194*Oot
Apr
83*Jan
8 Not
17*Not
16*Jan
8Q
87*Deo
10*Deo
36 Mar
83*j%n
Jan
98*Sep
70
48
Jan
48*Not
14
14
4
31
17* Apr 19
sestet, teee
May 4
3l*Mar 37
Jan
1V.2
15* Aug
62*Aog
Mar
15
......
j
» i ,
«eb
i'
Aug
84
35
308
80
Dee
Deo
Jan
Apr
88*Oct
13 3* Apr
Mar
29*Not
88 Not
17*Apr
289
6*8ep
4
38* Jan
12* Mar 38
9*Deo
40*Apr 17 38*Deo
61* Apr 16 33 Deo
48*Apr 8 33 Jan
l89*May 1 176 Jan
189*Apr 4 130 Dec
14* Mar 29 ll*Dec
60 Mar
85 Jan 81
40*Mar 29 89 Deo
14*Jan
40*Aug
58*Apr
63 Aug
1187 Not
144*Mar
48 May
83 May
57 May
5,970 185 J'ne
335
l*Aug
Aug
4
56
May
9*Mar
20 Jan 39 29*Mar
47
J'ne 19
4
55*Jan 31
Aug 14
68
J'ne 25
94
5
pref.
4 St
L.
pref
1,061
50
78
68*J'ne 77*8ep
88 May 04 Not
84*Apr 90 Feb
24
87*Jan
10 86*Jan
27 142* Apr
12
11
58*J'fy
2
6
68*Not
138*Jan 143 Jan
1
1
Jan
26
27
4
May
43
80
7*N0T
7*NOT
May
Mar
80*Jan
31
Jan
8
8
88 Jaa
Feb 100 Aug
Lees than 100 shares.
Street Railways.
Bid.
Cnriit'p'r410th 8t-8tock 175
Col4 9th Are 5s-Se« Stock Bzoh
120
Dry D E B 4 Bat— Stock
1st gold 5s 1932... J4D 1115
Scrip 5s 1914
F4A 99
890
Eighth Avenue Stook.
105
Scrip 6s 1914
392
43d 4 Gr St Fer -Stock.
60
42d St Man 4 St N Aye.,
lstmort 8s 1910.. M48 118
3d income 6s 1915. J4J
98*
i
.
.
Lex At4 PaT F 5i-8m Stk Bzoh
Ninth Avenue— Stook.
179
173
May 108 Dee
J'ly
18
at foot op 7 consboutivb pages).— 81 REST
—
188*Sep
87*J'ne
Oot
9
8
81
88*J'ne 35
40
Peoria Decatur 4 Evansv.
Peoria 4 Eastern
Pere Marquette.,,,
Do
94
105*Deo
10*Mar
40 Deo
7*Jan
J'ne 35 130*J'ly 33
pref., rot. tr. otfs.
Do
Deo
Dec
141*Jan
188 Jan
100 Deo
91 Feb
170 Jan
7*Jan
81*Deo
12*Jan
118
160
11
J'ne 85
11 83* Jan 19
8,143 135* J'ne 85
19* Jan
100 11 J'ne 80
80 Oot
70 J'ne 39
41 Jan
39 J'ne 30
1400 May 16 420 J'ly 13 1360 Jan 1390 Mar
1130 Jan 18 1185 Mar 10 189* Jan H88*Mh
69 I310*j'ne20 l215*Jan 8 1198 Jan 1322 Apr
18*Jan 28*Mar
3,363 18* J'ne 30 86*Mar 28
17* Mar 8S*Au«
5,470 83*Jan 10 40*Apr 18
610 67 Jan 8 81 Apr 88 61* Jan 74*Aog
48*Jan 57*Aug
8,945 48 J'ne 22 63*Apr 4
68 Deo 81*Jan
1,437 69*J'ne85 78*Mar 28
83 J'ne 03 Jan
N. Y. Ontario
Plttsb. Cln. Ohio.
89
76*Mar 38
19 Mar 36
6*Mar 5
17* Mar 5
14* Mar 37
43*Apr 4
83*Apr 4
54*Mar 18
94*Apr 19
15*May 33
ll*Jan 13 30*J'ly 30
43 Aug 13 58 Mar 30
35
•54* 56* Paolflo Coast Co.......,,.
•85
95
Do 1st pref
64* 66*
Do 8d pref
188* 128* PennsylTanla
•84* 68* 64*
188* 189* 188* 139*
1* Ik
1* •1* 7*
•83* 33*
•55
•58
55*
64* J'ne
20'
.
Do
57
95
68
138* 189
10
* • i
83,970
,,...
Or.BB.4N.Oo.TOt.tr.ofs
•55
•85
•64
43*J'ne
87*J*ne 85*N0T
61 Deo 137 Apr
Apr 16
80*Apr
J'ne 25
9*Au«
Do
1st pref.
Do
3d pref.
Mew York 4 Harlem. .....
N Y. Lack. 4 Western..,,
N. Y. New Haven 4 Hart
Do
t
8,17-
,
Nor. Pao. By., Tot
Apr 19* oot
May 48*Oot
May 84*Feb
50*Jan 68*Auf
1104 Jan 33 1112 Feb 3 110 Oot 116 Jan
300 45*J'ne 18 89*Mar 38
35*Jan 78 Aug
800 87*J'ce 18 97* Apr 5 73*Jan 99*Not
8*Jan 37*May
15 Jan 8 37 Apr 84
89 Feb 73 May
60 Feb 6 89 Apr 34
Morris 4 Bssez
VT Y. Central 4 Hudson..
i-i Y. Ohio. 4 St Louts.
Do
90
Highest,
14
38
17
43*Apr 3 •>««•• esee
3 May
3*May 34 3* May 21
15 Mar
15 Feb 2 17*Mar 37
100 20*Mar 16 81*Apr 9
14*J'ne
88* Feb 2 100 Apr 3 60 Jan
••••• 1197 Jan
3 818*May 38 196*Jan
10 47* J an 4 89 May 5
45 Dec
7,325 70*Aug 1 87* Apr 8
63 Mar
7,618 84 J'ne 35 101 Feb 11
85*Dec
3,587 144*May 11 183 Feb 18 147 Deo
24*Jan 89 37*Apr 5 13*Aug
85 76 Feb 87 8 2* Feb 14
44*May
600 10*Jan 8 14*Apr 18
8 Jan
5 Mar 17
1 Jan
3*J'ne35
Lake arte 4 Western
Do
pref.
Lake 8h. 4 Mloh. South.
Norfolk
Mar 26
Apr 2
Feb 27 78 Aug 29
Jan 18 115 Apr 26
7*Jan
Dm Moines
Missouri Paolflo
48
29*Apr 3
74*Apr 8
89* Apr 19
11
8
9
85* J'ne 25
47*Feb 87
91*Feb 36
10
tr. ctfs.
MobUe4 Ohio
49
53
92
1,504 110
Mlohlgan Central
Minneapolis 4 St. Louis..
56
94*
Do
3d pref.
18
Minn. St P. 4 8. 8. Marie.
Do
58
pref.
10k Mo. Kansas 4 Texas
32
Do
pref.
•9*
10*
31* 81*
70
3*
•54
53
•9*
pref.,
18
8
40*J'ly 84
18* J an 8
58* Jan
55*Jan
72*Jan
Lowest.
Aug SO Jan
14* Apr
19 Apr 3
Feb 30 Mar
15 J'ae
1,165 144* J'ne 32 174*Jan 8 U3*Jan 190 Mar
53* Mar 7 58 Mar 29 49*Jan 6l*Jan
9*Oot
8 Mar 87
May
5*J'ne 36
380 30* Jan 10 41*Apr 21
83 J'ly 37*Sep
760 58 Jan 8 67*Aor 5 03*Dec 86*3ep
.
•80
70
Do
16* Mar
ous year (1899).
Highest.
Lowest.
84 J'ly
•Van. O. P. 4 Gulf, tr.reo.
Kan. Olty So. * ot tr. ctfs.
80
Range for pre*
for year 1900.
13
. .
9
80
Range
On basis of 100-sh're lots
•
Southern
.
84
«
185
814
50*
m*
.
pref
A Wheeling.
Do
pref.
11* Erie.
Do
1st pref.
•16
18
Do
3d pref
•43* 45 ransr. 4 Terre Haute
•80
84
Do
pref.
Ft. W. 4 Den. O., stamped
t. Worth 4 Bio Grande,
1152*152*
reat Northern, pref.
Gr
r'nB.4W.,deb ofs. "A"
Deb. otfs. "B"
•84
84* Hocking Valley
63* 88*
Do
pref.
•43* 45
50* 51k
61
•37
•36
38* •37
39
185* 185* 185 187* '185
130* 1301, 130* 181
181
•11* 119* •11* Hk •11*
••••••
.
Do
•33* 84*
'309
60
11* 72*
93
92*
154* 151*
•54
58
133
•810
Ohio. Terminal Transfer..
Do
pref.
Cler. Otn. Ohio. 4 St L.
Cler. Lorain
!»•
465
125
•11
*
•81
83
88* •81
•U*
11* 11*
3* 3k 11* 3* •3*
•3*
'105
105
•105
55* 55* 55* "56* •55 '65* •86
94
91
•93* 91*
•93*
94
94
•15
•15
18
•18* 18
•15
18
•70
•30
.
pref.
.
H*
3*
31
Pao.
4 Om,
.
•30
•80
33
83
•9*
Do
a
Colorado Mid., TOt.tr. otfs.
;•••••
9
9* 10*
9*
SO* 8i* 188* 80*
•2*
8
4
4
4* 15
•14
15
l'
193*
71* 71*
•58
pref.
Isl.
4?* •41
Do
1st pref.
do
16* 115* 16*
16* •16
Do
2d pref. do
111* 111* 110* 111
118
Delaware A Hudson
'175
177*
176* 177 177
el. Lack, a Western.
30
19* 19* •19
19*
Denver 4 Bio Grande ...
67* 67*
68
87* 68
Do
pref.
'309
11*
•8*
pref.
Chlo. St. P. Minn.
67
•8
153*153* 153
•37
70
•80
183
Paul.
84* 2i* !i*
83* 63
63*
118*116* Illinois Central
117* 116*117
18* 18* 18* 18* 18* Lowa Centra;
•44
48
46
Do
<** •44
pref.
•14* 16
14* 18 •14* 18* |7'anawha4 Mlohlgan...
18
80
.
pref.
St.
307
116
180
107
38
* LouUt.
162* Chloago 4 North Western.
904
33* •34
83* 63*
116*116* 117
IB* 18* 18*
143* 48* 44*
188*
63
Q
r
Chlo. Indlanap.
Do
107* 106* 106* Chloago Book
•118
160
.
"A"..
4 p.o. pref. "B"..
5 p.o. pref.
68
Do
114* 113* 114k Chloago MUw. *
173* 178* 174
Do
S3
H
83
•57
58
•6
•••I ••••••
o
•31*
84
.
Do
Do
7
8°4*
10*
8*
80
80* 30* 18 ** 89* 80
•58* 59*
59
59
59*
59*
•107
110
38
67
106
•36
•9*
70* •69*
165
303
168
803
•106* 106* ioe* 107* 107
116
180
,
Chicago Coniol. Traction.
96* •••••• 96* Chloago * Bait. Illinois. .
130 125
130 185
pref.
Do
11* 11* •10*
Chloago Great Western
88* 83*
J98* 83*
Do 4 p.o. debentures.
170*
•3 * 31
•31*
•83
33
84
23* •a<*
•57*
67
57
57* 57*
113* 118* 113* 114* 114*
173*
173* 173* 178 174
479
1.
2,362 115 Jan 6
36,036 84 J'ne 36
10,300 119*Jan 10
87 Apr 35
275 88 Jan 81
130 Jan 17
210 10 J'ne 18
160 81 J'ne 19
.
10 68*Aug 33
80 J'ne 33
150 14 Jan 15
880 45*Jan 84
17,671 108*J'ne 85 138* Apr 4
883 189* Jan 18 174*Mar 31
710 150*J'ne 35 167*May 33
906 l95*May 9 307 Sep 6
'
4,440 108 J'ne 85 11 4* Mar 38
113 May 12 183*Jan 31
178 Feb 8 175 Mar 3
30
9 Jan 9 13*Apr 87
1,655 30 Sep
4 39*Apr 37
971 55 J'ne 19 66*Mar 30
l03*J'ne 1 lll*Mar 29
300 14*Jan 10 28 Apr 27
46 Jan 3 72 Apr 19
13*May 3
4
9 Jan
*»*•«
81 Jan 5 89*Mar 21
100
7* Mar 22
5*Jan 89
_
40 3 8* May 15 47*Mar 27
280 14* Jan 8 30*Mar 31
98S 110 J'ne 86 119*Mar 28
700 174 Jan 11 186 Feb 20
640 16*Jan 10 24*Mar 26
. .
28* 39* ae* 89* 28* 2-* Chesapeake 4 Ohio
•fS
125* 185* Chloago BurL 4 Qulnoy.
124* 135* 185* 126* 135* 186
88
96
•180
Page
Weekly and Yearly Record.
Daily,
8T00K8— HIGHEST AND LOWEST SALE PBI0B8.
/Saturday,
PRICES
,
.
. .
195
>
Aik.
185
1st.
135
118
101
405
109
4f5
75
116
1C0
ist
806
Street Railways.
Second
1st
Avenue— Stock.
Bid.
.
mort 0s 1909. .MAN
195
{107
1117
Consol. 5s, 1948.. .FAA
Sixth Avenue Stock. .... 305
Sou Bou.'ev 5s 1945.. J4J {111
So Fer 1st 5s 1919.. A40 {108
—
Ask.
200
110
118
225
115
Third Avenue— Am Stook Exoh list
Tarry
P 4 M 5s. 1928 108 110
W
Yonkers St
BB
5s
105*
38th 4 29th Sts 1st 5s.. '96 {118
Twenty-Third St—Stock. 400
Deb 5s 1906
J4J 108
Union By 1st 5s '43.FAA 113
107*
114
410
1C5
115
RAILWAYS, &c
Street Railways.
31d.
Westchestlst5s'43..JAJ (109
113
BBOOKLYN.
110
Atlan. Ave., 5s 1909.A4O (107
AAO 118* 116*
Con 5s g 1931
Impt 5s— See Stock Exo h list.
B.B.4W.B.5ll933.AaU 1101* 103
338
Brooklyn City—Stook ... 333
Cons 5i— Sm tjtcck Exo hange list
....
BklynCrosstn5sl908 JAJ 104*
106
BklnHgtslsi 5sl941A40 105
8'kynQ Co. 4 Sub— See St ok Ex. list
BklynBap.Tran.-Sss Sto ok Bx. List.
t
THE CHRONICLE-STOCK
480
ST00K8—HIGHEST AND LOWEST SALE PRICES.
1.
Monday,
Sept. 4.
Friday,
Tuesday, Wednesday Thursday,
Sept. 3.
Saturday,
"Sept.
Sept.
Sept.
5.
„
..
,.
..
.
.
.
Sept.
6.
59
88
•86
28
47* 48*
84
88
•7*
7*
7
49*
149
•16* 16
•9* 10
60
•67
38*
12%
89*
34*
11*
52*
84* 84*
•13* 18
8).
29*
33*
11*
5S*
39*
84*
11*
5b*
14*
14
111
•36
111
111
•85
•45
•46
18
•8*
49
24
124
•13*
18*
•37
89
•134
IS
128
U24
62
68
157
610
25
25
20* 20*
67* 67*
36
36*
75
76*
117*122*
•116
• 90
29
80
93
•128
45
03
O
167
58
£
•0*
O
H
29*
80*
94*
132
45
174
158
116
118
1154
84
34*
12*
.
25
45
& Ohio
Toledo
Do
Do
7
18*
8*
126
16
61
•124
18
640
Do
.pref.
Adami Bxpreii
merloan Car & Foundry
1
•158
Amerioan Express.
156
83* 34* Amerioan loe
68
Do
10* Amerioan Llnieed
Do
53
34
68
66
10* 10* 10
52* 52* 58
•4*
25
5
26
25
»«
4* Amerioan
Do
25
•24
87* 86* 36* 86* 36*
89* •89
89* 89
89*
20* 19* 20
19* 20
68* 68
68* 67* 87*
87* 36* 36* 38* 86*
76*
75
75
76* 76
133* 121*122* xll9*130*
118* 116* 118 •114*....
1117
92
188* 88* •
93
29
39* 28* 28* 27* 28
81
80
8u*
80* 80* 80
94
96* 93* 91* 94
94
1131*131*
"46*
45
46* 44* 45* '•li*
36*
89*
20*
68*
86*
76*
121*
165
173
7*
•6*
160
170
•8*
85*
85
•117
abash.
Do
pref.
33* 133* 33* Amerioan Cotton Oil
pref.
•88* 90
90
38* Amerioan DUtrlot Tel ....
28* •25
155
118
118
pref.
Malting
pref.
Amer. Smelting & Refining
Do
pref.
Amerioan Steel Hoop
Do
pref.
Do
pref.
Amer. Steel & Wire (new)
Amerioan Sugar Refining.
Do
pref.
Do
pref.
Amerioan Tejeg. & Cable.
Amerioan Tin Plate
Amerioan Tobaoeo ........
Do
pref.
Anaoonda Copper
172 Brooklyn Union Gai .....
runsw. Dock&C.Imp't.
*6*
7*
Colorado Coal & I. Der't
85* 35*
118
15
pref.
•163
7*
35* 35*
119
123
& Iron.
pref.
Do
Col. & Hook. Coal & Iron
olorado Fuel
. .
•15* 16
•15
16
174* 175 1171*172* 172 172* 171* 172* OonioUdated Gai (N. T.)..
26
26* 26* 26* 26* 36* •86
26* Continental To baooo ,,,,..
prof.
78* 79
79
79* *79* 79* 179* 79*
Do
•15
16
115
.
Detroit City Gai.....
Brie Telegraph & Teleph
Federal Steel
84* 35
84* 85* •84* 35* 34* 85*
oref.
87
87* 167* 67* 168* 67
Do
77* 7J* 78* 78* 78* 78* 78* 78* Gas & Blec. of Bergen Co.
139 139* 139* 140* 139* 140* 139*141* General Bleotne
•51
52
51*
59
52
51* 62 Gluooie Sugar Refining.
98 99* •98 99* 99* 99* 98 99*
pref.
Do
•66* 67*
.
103
104
104
21*
67* •66
67
28* 38* 28* 28*
•3*
*8*
5
5
22
167*
23
•3
20
• •
•73
•98
•10
75
100
75
•••
175
•98
•10
100
12
190
12
82
87
18
90
47
47
93
98
•30
36
187
15
•128
16* 18*
•6
•6
•17*
sa* 33*
18
•138
15
•8
30*
•85
48* 46*
93*
•30
IS* 35
198
7
31
70* 70*
•14*
•11
65
45
16
•19
•11
•65
•45
69
30*
«95* 95*
•123
179*
180
80*
Gr.Bt.ANew litOl'OOAAO
G'p't * Lortmer St. 1st 8s.
Kings Co. HleTated.—
lit 4s 1949
Nassau Hleo pref
AAO
(1944
103*
117
104
100
70
111
80
119*
J&J
91
90
Ist4sl948
NewWmb g&FUstex.4*i 106
t»lnwaylst6sl998. ..JAJ 1116* ii«*
,
187
18
80
Do
pref
•18
13* 13 Republlo Iron & Steel.
pref
Do
55* •53* 65
63* •68* 63* Silver Bullion Certlfs....
.
20
lois-Sheffleld 8.
&I
11*
70*
80* 81*
94
•198
79*
96
130
80
•14*
10
•46
11
U*
11*
80*
95
ISO
11
Less than
80
95
189
§79* 80
(Qivkn at foot of
Street
Railway.
OTHBR
Bid.
t
1,748
8,080
3,428
94,372
1,075
1,143
7
Ask.
83
Ill
968
r«#l
101
104*
84
100
81
86
3,456
1,083
100
5,010
10
961
83
9,490
9,805
7,080
pref
Union Telegraph
p. e.
stock dlT.
1
Jan
May 44*N0T
May 14*Oot
Jan 29 Apr
Jan 45 Det
Jan 78 Apr
Jan 141 Feb
38*J'ne 5i*De«
2
45
Deo
04
Jan
7
29* J'ne 18
2* Apr
M*Apr
190
96
910
2
24 J'ne
52*J'ly
65 May
96 Jan
29
10
2
17
2
3
8
3
14
38
6
11
3
6
14
31
lOUJan 26
40 Feb 13
66 Feb
10
80
Jan
11 100 Jan
6*Jan 30 18*May
23 J'ne 21 40*Feb
79*J'ne 18 96 Feb
15*Augll 28*Feb
5*Apr
l*Jan
30*Feb
04
Jan 180
6*Feb
95*Jan 138 Not
37 Deo 70*Mar
95 Deo 110 Jan
97 Jan 117* J'ly
17 Deo 08*Jan
62*Deo 96 Jan
9
30
70
30
Deo
Deo
An*
Feb
6 3* Feb
Not 84 Feb
51 Mar 85 Dee
95*J'ly 10 2* May
89 Apr
5 Jan
31 Deo 69 Jan
89 Deo 10 7* Jan
40*Jan
92*Deo
106*Feb 20 103*Deo
20 J'ne 23 S3*Feb 6
3l*Deo
79*J'ne 36 97 Feb 8 85 May
40*J'ne 25 54*Apr 5
86*May 14 93*Sep i
83 Aug 15 87 Apr 80
30 Oot
116 May 1 150 J'ne 7 110 Deo
13*Jan 23 15*Mar 28
0*Jan
6*J'ly 7
9 Feb 2
6 Mar
25* J'ne 11 47*Jan
85 Deo
90*Sep 7 111* Apr
90*Deo
37*Aug 38 58*Jaa
44*J'ne
71 An. 35 88*Jan
75 Deo
176 J'ne 85 189*Jan
156 Jan
8* J'ne 25 87*Feb
18*Oec
49 Aug 1 70*Feb
60*Deo
59*Jan 16 60*Mar
58*Deo
19 Aug 80 2a*J'ne 15
59* Pue 25 07 Aug 80
4*Mar 6 10*Jan 3
6*Sep
83
Sep
Dee
21*8ep
163 J'ne 22 3* Mar
20 Deo 06*Apr
71 Dec 103*Aug
03 Jan 101 Aug
92*Jan 180*Oot
39* Deo 75 Apr
07 Deo 93*Apr
88
116 Jan
08 Apr
11
99*Aug
42 Jan
830 J'ly
17*NOT
10*Ap?
65
Jan
,39* Apr
01
Ang
91
Sep
07*Oot
a
*88*8ep
79 Aug
05 Apr
16*Not
08 J'ne 86 104 Feb 3 36 Jan 136 Sep
15* J an
13*J'ne 19 l8*J'ly 11
11 Not
10 J'ne 18 86 Feb 7
l7*Dee 46 Mar
66*May 9 77* Feb 3 71 Deo 89 Mar
§45 Mar 18 §49*Mar 31 |40 Deo 00 Jaa
7*J'ne 85 19 Jan 3
6*J'ne 40UNOT
65 J'ne 35 77 Jan
64*Deo 84*NOT
81 J'i»
44 Jan
37* Dec 57 Apr
90 Feb 87 l01*Jan
99* Deo 191 JMy
180 J'ne 1 II 3 9* Feb
190 Deo 185*SW
77*J'na 38 88*Jan
82 Deo 89*Jib
Bx right*.
Hallway.
Ry— Con 5s — 8*4 P
Street
Apr
67
oonsboutivi paq*b).—S7 REBT
OITIBS.
M&N
867
....
est.
Mx 100
.
Preferred
139
300
479
415
pref
Rubber
io^
17
27
10
8
87 J'ly
25
Tiust.
Paper
Do
Wells, Fargo * Co
Col St
Buffalo Street Ry— atook. 100
lit oousol 5s 1 98 1 F&A «U0
Deb 0s 1933
1108
Chloago City
Stock.. 950
Indianapolis Street Ry...
84*
ClOTeland City Ry
100
OloTe Olty-lst 5s '09. J&J 108
OleTeland Bleotrto Ry....
83
Con 5s 1913
M&S 108
Columbus (O) St Ry
89*
Land
pref
United States
98
•90
§199
00 shares,
1
I
Do
70*
79* 79*
I
Paolflo
U mon Bag &
Do
I
UBS
6*Jan
21*Deo 32*Sep
13*May 21 Not
45 Deo 69 Aug
3*Aug
....
United States Bxpreii...
United States Leather...
47
70
80
95
•194
Texas
10
13* •11* 18
85* 65*
4
100 118 Sep 6 131*Jan
85 ll*J'ne28 21 Apr
3,443 U87*A'gl4 199 Jan
3,670 21*May 21 88 Jan
1,296 70 May 13 89*Jan
90 Aug IS 98*J'ne
101 Jan 3 182*Feb
3,946 38*J'ne 85 67*Feb
850 60* J'ne 86 77*Feb
500 64 May 17 81 J'ly
2,16> 120 Jan 10 141* Sep
930 44 May 15 58*Fe_
~>b
600 98 Jan 2 101*Feb
11 100 J'ne 25 115*Jan
580 14*Mar 6 25*Jan
965 58 Mar 6 70*Feb
600 34 J'ne SO 80*J'ly
"100
e
e opTtGai-L. AC. (Chic.)
Presied Steel Car
Oot
66*Deo 84*Jan
6*Deo
19 May ?!£±"
7*Deo 13 Aug
l*May
1,700
Ontario Silver
Paolflo Mall
Jan
18
8*Deo
04 May
28*Deo 44*Jaa
0*Mar 16
17 Joe 25
8 J'ne 18
2,260
188* Pullman Company
•188
RR—
81* 88
7
§33* 3i*
93*
90* 93
39* 5!* 39*
73
73
78
69
OUT8IDE SECURITIES
Ask.
830
6
7
•65* 06
*16* 45*
47
Bid and asked prtoesi no sales on this day.
Bid
Street Railway.
Coney Island & Brooklyn. 336
J&J 103*
1st 5s 1908
is oertf lndbtl 908. J&J 101
B'kO.ANewSs '39. J&J 114
86
187
66
J'ne
9
96 111 Jan 2 §180 Apr 80 §108 Jan 1119 Feb
780 12*Jan 15 18 Feb 7
10* Dec aiWMay
886 57*J'ne 25 67*Apr 8 51 Deo 68*8ep
435 30 J'ne 35 37*Apr 7
SO Deo 46 Not
110 90 Jan 8 100 Apr 6
88*Jan 97*Oot
34*Jan 4 33*Jan 22 30 Oot 52*Mar
60 §143 Mar 6 169 May 8 138 J'ne §i60*Aa
630 37*J'ne 26 49*Apr
31 Deo 41*8ep
900 60*J'ne 19 78*Feb
72* Deo 85 Sep
110
9* J'ne 33 16*Feb
8* J'ne 16*NoT
100 49*J'ne 25 60 Feb
4 4* J'ne
01 Dm
81C
3 J'ne 12
7*Jan
6*Dec 37*Jaa
27 81*Jan
660 18*J'ne
24 Deo 87*Jan
2.650 S4*J'ne 18 43*Feb
30 Deo 69 Apt
825 85 J'ne 25 93 Mar 24
77*Deo
1,836 17 J'ne 35 60*Feb 6
24 May 48*NoT
9)0 64* Aug 38 86 Feb 6
70 May 80*Sep
25 69*Apr 2
20,615 28*J'ne
32 Deo 72 May
8,448 69*J'ne 35 95 Feb 1
84 Deo 10 8* Mar
142,220 96*Mar 3 137*Jan
4 H4*Deo 182 Mar
80 107 Mar 2 118 J'ly 14 110 Jan 133 Mar
15 § 88* Set' 5 § 98*Jan 13 194 Deo 106 Apr
8,590 18 J'ne 36 86** eb 7
20 Deo 62*Apr
8,235 70* J'ne 85 84*Apr 9
74 Deo 99*Feb
14,000 84* J'ne 85 lll*Feb 14 1 78* Deo 229*Apr
13 128 May 17 140 Feb 15 121 Deo 150 Mar
31*Dec 70 Apr
1,360 37*J'ne 25 54*Apr 3
140 Jan
175 May 81 130 Deo 100 Mar
6* J'ne 25 16*Jan 25
9*May 30*A«f
pref.
pref
NewOent.Coal (new itook)
N. T. Air Brake....
90*Not
60
88*May
5 08*Jan 24
88
2 149 Apr 12 118
70*J'ne 33
465
pref
pref
Jan
3*J'ne
Jan
15*Mar 37
6l*Mar 27 40*Jan 68ftNor
Apr 17 12* Deo 25*Ma»
185* Jan 3 117*Deo 242 Feb
78* Apr 4
9*Apr 27
24*Apr 27
ll*Mar 36
"ieo 46 Aug 30 58*Apr 2
581 21*J'ne 18 33*Mar 26
800 18 J'ne 8' 20*Mar 81
Lead
Do
35
81
44*Jan 10 00*Apr
400
710
4,715
Blioult
VUC
«4 not
2
130 Jan
28,741
8,414
pref.
National
15*Deo
48*Deo
22*Dee
25*Jan
20
35
Louli)
15* 16* North Amerioan Co
16*
U*
512*
•14* IS*
12*
180
25
138
13* Mar 26
34* Apr 16
43 Mar 37
Highest
46*Mar
Manhattan Beaoh Co
18
90
27
130
(St.
Do
38
18
kl
65
47
•17*
10*J'ne 25
49*J'ne 85
13*J'ne 35
pref.
Laolede Gai
76
100
12
67* 67* 67
07 88
pref
08
Do
•5* ,?*
•6
Standard Rope A Twine..
6*
70*
69* 70* 89* 71* Tenn. Coal Iron & RR ...
10* 10*
69
35
187
83
•66* 67
•6* e*
Do
International Power .....
In lernatiouui ou ver
Knickerbocker loe (Ohio.)
National Steel
87* 27* *33*
88
86
Do
86* 86
46* 48* 46* 46* National Tube Co
93
Do
98* 93* 93*
86
81* ZL* 30*
91* 93* 91
93
92*
89* 39* 89* 39* 39
178
78
73
73* 73*
1188* 188* 187* 187* 187
13* "-* 13
18
13
54* 66
61* 65
»54*
•61* 62* •68* 03* •63*
19
5
..rei.
33* 34* National
Do
85* 85*
87
•17* 18
•88* 12*
88* 88*
27* 37*
137
International Paper.
Do
73
98
10
33* 33*
87
18
187
85
*
"75
100
12
15
9
82
•80
3*
6
•16
73
98
10
H.B.ClaflinCo
110
§110
28* §21* 21*
68* 66* •86* 86*
98* 88* 29
29
131*
18
Range for previous year (1899)
01*Jly
Tranilt.
pref.
. .
128
15
62
15
•61
80* J ne
i
. .
.
Ry
I Tnlon Paolflo
W
8*J'ne20
0.160 21*J'ne 23
LX3LI.
Lowest.
pref.
Twin City Rapid
6^* 67*
74* 74*
10 J'ne30
49 Jan 9
20 Jan 9
43*Jan 27
80 Jan 10
000
Y.).,.
Central
Highest.
21*Apr 4
66*Apr 6
35* A r 6
65 Aug 17
93 Mar 32
200
6 May 34
7* Aug 91
960 88*May 38 49*Jan 2
800 ll*J'ne 26 16* Feb 5
800
8*J'te 25 13 MarSl
876 60 J'ly 12 73*Mar 30
400 Sl*J'ue28 89 Mar 30
,-
tr. otf i.
pref., rot. tr. otf •.
Do
54* 66*
14* 16* Texas & Pactuo
14*
hlrd Arenue (N.
111* 110 112
[Vol.
for year 1900,
Lowest.
96,860
10,264
17.088
2,860
12* Southern, rotlng
12
56
65
68
25
7*
85* "85*
-1
O
o
00
118
93
61
33
•88
10*
52* 63*
•4*
6
8
90
14*
33* 83*
66*
10
10
86* 36*
89
a
299«
28* 25
164
•51* 52*
4*
1135
63
33
90
63
83
88
28* 25
90
33* 33*
67* 67*
f
124
15* 16*
15
•32* 8b*
B
K
a
33*
12M
29*
34*
7*
Do
pref.
9» Wheeling * L. H., new
8* 9
Do
46 48
lit pref.
48* 48*
Do
2d pref.
•33* 24* •33* 24*
•13
16 Wlioon. Central, new
•18
15
Do
37 39
37
pref.
87
Mlaeellan'a Stock*.
18
9
•46
3
o
a
09
"67* 63
74* 74*
7* 7*
18* 18*
7*
•7
90
•25
•154
10
67
59
x57* "B7«
x74* 71*
OD
49
16
•18* 16
10* 10*
•86
Do
pref.
7* St. J. ft Q. III. Tot.tr. oti.
Do
lit pref.
49*
16
Do
2d pref.
10* St. L. & 8. Fr., rot. tr. otf i
Do
09
1st pref.
Do
88*
2d pref.
12* 8t. Louis Booth western.
Do
pref.
80*
84* Southern PaolfloCo.......
2.
On basisof /oo-sh're lots
1,110
16,010
1,050
88
7*
Range
Sales
of the
Week.
Shares
16* IS* 16* 18* T> eadlng, TOtlng tr. otfi.
56* 66* A» lit pref., you tr otrs.
57
66
28* 97* 2d pref., Toting tr ctfs..
•37
28
54 68 Bio Grand* W altera
•54
69
•8*
Page
(2 pages)
8TOCK8.
STOCK EXCH
N. Y.
7.
PRICES
Bid.
hlla.
Ask.
list.
RAILWAYS,
Street
Railway.
New Orleans
City
Ry
<ffc
Bid.
90
ST
1107
109
Preferred
90* 98
Crosst'wn— 1st 5s.
'0* 17* North Chloago—Stock.. . 900 905
J C Hob & Peterson
1st 6s 1906-16
J&J 107* 108
4lgN >T 1 1949.. M&N 79* 80
16
1108
North Jersey St Stock.
84
Kansas City Bl 01
f0
J&J 1 84
Bonds
89* 88*
4s 1999
Guar
«* 10* Pat Ry eon 6s 1981 .J&D 119
Lake St (Chic) BIot Stock
94
J&J
GenOs 1914
94*
A&O 106
deb 6s 1988
LouIst St Ry— 5 p o bonds §118* 119* *tot & Pawt'ok-lsi 6s "33 118* 116
17
69
88
15
loehester Ry
Common.
111
119
Con 5s 1980
a&O 1107*
Preferred
84
3d 5s 1938
J&D 80
Lynn&Bos-l st 5s "84. J *I> |118
inter •st111
i Buyer pays accrneo
filnneap Bt By-6s '19.J&J |108
,
Sept.
N
J
J
9
.
THE CHRONICLE —BOND
8, 1900.]
PriM
Week's
Bang*
Range or
Last Sale.
Jan. 1.
Ask Low.
Bid.
Hiffb. No.
Low. High
Chlo Milwaukee
9m
Stamped
1995
1995 Nort
l»»» Nort
,.,.1995 NoTt
85*
Sale
3
91
17
Equip tr ser A g 5s. .1902 J-J
Ohio A St Lou Ist6s..l9l5 M-8
Atlanta A Char. See Son Ry.
100 Apr'00
Atl Knox A No 1st g 5s. 1946 J-D 103
Atlan A Danr See South Ry
Allan A Tad. See South Ry
Austin A NW. S«>. SoPao..
Mloh Cen
A 8.
Bat Creekprior See 8ks.l925 -J 94* 949« 94k
949*
1 g
alt A O
1925 -J
Registered
A-Ot ibo* Sale took look
1948
Gold 4s
100 k J'ne'00
1948 A-Ot
Registered
-J
87* Sale 87*
879i
South w DIt lstg SHs.1925
J
1925
Registered
PJunAMDlT lstg 3ksl 925 M-N 9796 Sale 80k Aug'00
J-J
J-J
W
J-J
1910 J -J
Dak4GtSog5s
Far 4 Sou assu g 8s. ... 1 934 J-J
1st Hast 4 D DIt 7s.. .1910 J-J
1910 J-J
5s
1908 J-J
st I 4 D Bxten 7i
lit LaCrosie A D 5s. .1919 J-J
Mineral Point DIt 5s.. 910 J-J
1st So Minn DIt 0s. ...1910 J-J
1st Southwest DIt 6S..1909 J-J
Wis 4 Minn Dhrg 5s.. 1921 J-J
Mil 4 No 1st M L 6s... 1910 J-D
1913 J-D
1st consol 6s.
Registered
Monon RIt
Cen Onto R
1st gu g 5s. 1 9 1
1st cg4*s 1930
WVaAPlstg4s
M-8
A-0
1990
S«eNTC4H
Bel A Car. See Illinois Cent..
Boone* Bridge. See M K A T.
15
95
"38
92k 97*
97* 102*
100
101
88*
9196
86
91
nm
111" iia'
Aug'00
109
114*
O
o
1906
Oonlst4ooltrgSs....l934
1934
Registered
A-O
A-O
O R I F A N W lstg 5S.1921 A-O
MAStL 1st gug7s.... 1927 J-D
129
184
J'ne'00
108
115
115
1069/
•117* 118k 11896 Aug'00
117* ....
117k Aug'00
105
12494
108
109
118*
117k
Jan.'99
108
118),...,
« • • t •
131
Not'99
10654
....
• s • *
•
J'ly '00
100
-D 108*
BurOB4Nlst5s
e • • e e «
Apr '97
f
panada
\J
South 1st 5s... 1908)J -J
10?
108
1913M-S
2d5s
M-8
1913
Registered
Oarb A Shawn. See D.I Cen.
Oar Cent. See Seab A Roan.
Carthage 4 Ad. Se«NYCAH
105
100
104
108k Aug'00
104
Apr'00
ORIaFAN. SeeBCR&N.
ei
90 Aug'00
Can Branch D P lstg 48.1948 J-D
Central Ohio. See Bait A O.
OenRR A B of Ga—Col g 5s' 37 M-N 91 ....
9294 J'ly '00
Cent of Ga Ry— 1st g 5s. 1945 F-A* 117*117* 117 Aug'00
1945 F- At
Registered
1945 M-N
94 Sale
Consol gold 5s
98
94
1945 M-N
Registered
97* Oot.'99
48
.
44
44
12k
1'*
6k
M4NDlTlstg5s.....l940 J -J
Mid Ga A Atl Dtv 5s. .. 1947 J - J
Mobile Dlv lstg 5s.... 1946 J -J
Oantof
N J-lst cons
General gold 5s
Registered
Oonrertlble deb 6s. ...1908 M-N
Dook A Imp Co 5s.l 92 1 J - J
Am
132k
123
180
114k
Con ext guar 4*s.. 191 Q-MI 100k
Cant Paoltto See Bo Pao Co
Charles A Sav lstg 7s... 1936 J -J
Ones AOhto g 6s ser A.. 1908 A-Ot lie*
1911 A-OI
1939 M-N
Registered
1939 M-N
Gen gold 4*i
1992 M-8
Registered
1992 M-8
Craig Valley lstg 5s.. 1940 JR A A DIt 1st con g 4s 1989 J-J
2doong4s
1989 J -J
Warm Spr Val 1st g 5s 1941 M- 8
BUli Lex A B 8 gu g 5s. 1 902 M- 8
Ohio A Alton sink fd 6s..l903 M-N
Lou A Mo RIt 2d 7s.. 1900 M-N
Mils RIt B 1st sfg 6s..l912 A-O
Ohio Bar A Q— Con 7s
1903 J-J
Sinking fund 5s
1901 A-O
Ohio* Iowa DlT 5s.... 1905 F-A
DenTDlT4s
1922 F-A
Illinois DIy g 8*i...,1949J- J
Registered
1949 J- J
Gold 6s
lsteong5s
110k
U7k
• •
105*
123
123
J'ly '00
H4k
Aug'00
100k
ink
J'ly '00
69
98
101
'106k
10694 J'ly *00
J'ly '00
101k Apr'99
101*
95k
93
100
101
98
105* Aug'00
...
100
W
105
103
Sale
110
....
108
115*
105*
10594
Ilk
Sale
11
J'ly '00
J'ly '00
lllk
122k
110
118
101
133
110
110
109* 111
108
109*
'.'.'.'.'.
121
99k
103
103
Aug'00
133k 138
118 117
115 116
115
105k
109
188
118
US
106
114
109
116
Ang'00
Aug'00
Aug'00
lllk 117
100
113
108*111*
107
107
105*110*
119*
113k 117
117
J'ne'00
10594 Mar'99
10?
110
J'ly '00
Deo '99
107
109*
107*
105
117
jilt •»•«••
116*119
117*Feb'98
180* Aug'00
119*Deo'98
118*188
103* Feb
'00
103* 108*
Not'99
11296 Apr'00
112* Apr'00
111* Apr'00
119
J'ne'00
112*118*
113*118*
103
13E96
133*
124
137
106
106k
.
135*
12 4*
137*
139*
106
Aug'00
134
109k Aug'00
130« 130* Aug'00
181
139
129k
106* Sale ioe* 106*
107* 107*
129
129
96
•
100
189
Aug'00
187* Aug'00
139* Apr'00
13696
111*
132*
139*
127*
137*
189*
110
130
122* J'ly '00
185k May'00
183
• •
• • * •
•
•
»
99
109*
4 St L See Atoh T 4 S Fe
ChloStL4NO. Se«niCenU
Chlo St L 4 Pitts. SssPaCo.
ChioStPM4 0oon6s..l930 J-D 134
Ch St P 4 Mln 1st 8s. .1918 M-N 131
133*
10 137
103* 108*
8
105*107*
1
96
98
May'00
88* 80*
«•• (IIMI
86* Aug'00
98* May' 99
109* Aug'00
107
114
Chlo
Sale
....
34 131
133
140
134
May'00
May'00
130* Aug'00
133
138
140
94*
187
99*
103
130
185
140
93*
"SB
MV
• • • • t
•• ••••
«2*
O0t'9»
118* Aug'00
108
100
130*
•
118
180
J'ne'99
Jan.'00
108
108
Aug'99
.*»•••
mill
Oot. 99
113*113*
118* 113*
113* Aug'00
118* 114
J-D
J-J
BtLDlTlstooltrg4s.l990 M-N
Registered
1990 M-N
Spr 4 Col DIt lstg 4s. 1940 M-8
1st
WIW Val4DItoonsg 4s..1920 J-J
1940
C St L C
6s.
M-N
lstg
Registered
Cln S 4 CI oon 1st g 61.1938
CCOAloonsol7s ...1914
87
•108
IB
103
99
....
lift
90
95
• * •
tl
f
98*
100* 104*
May'99
•••!
83
Not'99
••••• •••••9
105* Apr'00
114
J-D 135*
105
114
104*
jfe
98*
93
103
Mill*
90
106*
114
118*
185* 186
Aug'00
130* 136* Aug'00
1914 J-D
Gen oonsol gold 8s 1 93 1 J . j 131
Registered
1934 I -J
C48 1st O OO * 171.1901 A-O 104*
lit Pf is.. 1 938
O Did *
J£
Peo 4 Bait lit oon 4i 1940 !-- o
87
88
Inoomeii... .,,,.,, ,,1990
27* Sale
p
Gl Lor 4 Wh oon 1st 5s. 1938 £- 6 •111
Consols
94
33
88
J'ne'99
••• ••••••
1930 Q-F6
1936
4s
97*
Sale
98
7s
. .
M
W
131
188* 187
Aug'00
108* Feb V99
.
87
.
Clev A Marietta. SssPaRR.
CleT 4 Mahon Val g 6m.. 1938 j-j
Registered
...1088 Qtt-J
CleT 4 Pitta. 8m Punn Oo.
lit g8-4s... 1947 J- J
Col Mldl'd—
lstg 4s
,.,..,.1947 J- J
Col 4 Sou 1st g 4s
1939 F-A
3ol 4 9th At. Bm Mat BtRy.
Solum 4 Greeny. Sss Bo Ry.
Val. Stt Hook Val.
Col A
27*
87*
87*
45
10 106
111
111
ISO
78
75
75
SB*
111
138
180
May'00
125
Sale
Sale
84* 98*
34
84*
Si
68
74* Aug'00
75
83
75
79*
83
80
87
8
83*
80
H
Conn 4 Term. Stt N4W
Conn 4 Pas RIts 1st g 4s. '43
0ol
8tt Brie.
'115
119*
108* 113
98* 98* 98* Aug'00
130* 138
108*113
Aug'00
180
180
183
144
10894
109
Sinking fund 5s..l879-1929
Registered ....1879-1929
2 5-year debenture 5s . 1 9 9
1909
Registered
30-year debenture 5S..1921
1921
Registered
Sinking fund deb 5s... 1933
1933
Registered
97*
125k Aug'00
110 Aug'00
119
ItB
115 Aug'00
134
110
116
109
117
118
130
140
01nW4MDlTlstg4s.l991 J-J
107
14 108* 113
119
118
111*
117*131*
110*119*
....,,,.1993
Cairo DIt 1st gold 4s. 1939
103
108
111
Geng4s
116*117
Jan-'OO
*
May'00
May'00
Aug'00
Aug'00
Aug'00
Aug'00
May'00
Mar'00
Aug'00
Nov'98
May'00
115* May'00
,
A-O
A-O
M-N
M-N
A-O
A-O
M-N
M-N
Des Mo 4 Minn 1st 7s. 1907 F-A
HsoanALSuplst6s..l901 J-J
Iowa Midland 1st 8s.. .1900 A-O
Mil* Mad 1st 6s
1905 M-8
North Illinois 1st 5s.. .1910 M-8
OttCF4StPlst5s..l909 M-8
Winona 4 St Pet 2d 7s 1 907 M-N
Mil L S 4 W 1st g 6s.. .1921 M-N
Hxt4Impsfg5s...l929 F-A
Mich DIt 1st gold 6s 1924 J-J
Ashland Dt y 1 st g 6s 1 9 3 5 M-8
Convertible deb 5s. 1907 F-A
Inoomes
,.1911 M-N
Chic Rock Isl 4 Pao—
1917 J-J
0s
1917 J-J
Registered
1988 J-J
General gold 4s
1988 J-J
Registered
DesM4FtDlst4s...l905 J-J
1905 J -J
lstSks
Bxtenslon4s
..1905 J-J
KeokADesM 1st 5s.. 1923 A-O
Small
1923 A-O
•
117*119*
111
90
100
106
104* 10494
100k 102k
34 100* 105k
Ik J'ne'99
108
,
103
111
98
••
?-D
J-D
F-A
Registered ... .1886-1986 F-A
1987 M-N
Gen Gold 3*s
1987 Q-N
Registered
Sinking fund 6s. 1879-1929 A-O
Registered.... 1879-1 929 A-O
1903
1902
Registered
Extension 4s.... 1880-1920
s I
178
100
Apr'00
120
120
120
140
109
109
110
107
110
103
118
130
,
Gold 7s
•••
•
124* 187J4
109 111*
117% Aug'00
116* J'ly '00
117*
»
•117
181
119
115
10096
109* 113k
Aug'00
104* Apr '00
108* J'ne'00
103
108
• •
Sale
188
180*
118 138*
110*116
17
1
1179*
io6k 103
106 106k
101
no* nok
110k
1907 J-D
lstoong8s.
1934 A-O 184k 138
"
loonlstSs.
1937 M-N IIS 115k
Registered
1987M
110
Ohio A Ind O Ry 1st 5s 1936
109 Sale
Oh In 4 Louis— Refg ds.1947
Refunding a 5s
1947
Ill
118
117*117*
180
180
J'ly '00
119
111
HI*
106k Feb '99
103
109
'
16894 Sale
U0*
CIStL4C. SesCCCAStL.
lisk n9k Cln 8 4 C. 8ee C C 4 St L.
115k 121* Clearfield 4 Mah. SstBRAP.
117
117
C C C A St L—
116
J'ne'00
10 f " Sale
I
184
Nor Wisconsin 1st 6s.. 1930 J-J 135* 140
StP4SCltylstg8s..l919 A-O I3lk
107k
32 117k 135
Ch lo Ter Transfer g 4s.. 1947 J-J
93
93
110 123
Ch 4 West I lstsf g6s.. 1919 M-N
130 130
General gold 6s. ....... 1 932
114
118k 116* Chlo 4 West Mloh Ry 6s.l921
Coupons off.
1921
100 105
C h oo Okla 4 G gen g 5s. 1 9 1 J-Jd
14 100
1905 A-O 118
101k Cln H 4 D oon s f 7s
2dgold4*s.
1937 J-J 113* Sale
Cln D 4 1 lstgug 5s.. .1941 M-N
114
105
98k
94k Aug'00
•
1%
J'ne'S9
117
98
Bale
Bmall
107
So. SssOMABtP.
Dak 4 Gt Waco. Btt M EAT.
alias 4
A-0
A A Ch 1 st 6s. '1
:is
110*
Be prioe Friday latest bid and asked this week. tBonda due July. sDuaNor. IDueJune. TDue Jan. IDueMay. aOptlonsales. bDne Aug. cDue AprU. dDoeOet.
LoulST N
*
38* 45k
Deo '99
100
98k
Han 4 8t Jos con 6s... 1911 M-8
OhloABDL lstsf our8s,1907 J - D 114k
A Brie.
15
10
10
117* Aug'00
>»••«•
«
Ohloago
88* 90
H7k J'ly 'oo
113*
.
Iowa DIt sink fd 5s ...1919 A-O
1919 A-O
Nebraska Bxten 4s.... 192? M-N
Registered
1927 M-N
Southwestern DIt 4s.. 1921 M- 8
OonTertlble 5s.
1903 M- S
Debenture 5s.
1913 M-N
105
100
Sale
.
92*
120
45
May'00
107k May'00
114*
Lei Had Rgen gag5s.'20J1912M-N
Leh A W BC 5s
.
95
102
105
1902 M-N 109
1987 J -J 188 Bale
1987 Q-Jt 122k ....
7s.
91
117
1194
6
5
104
87* 90*
449ft
11
lit pref income g 6s . .1945 Oct.*
8d pref Income g 5s . . 1 94 5 Oot. *
8d pref income g 5s... 1945 Oct.*
108k
109k
113
••••• ••••••
•••a* •*•»««
137* J'ly '99
124* Aug'00
109* Aug'00
168* 16(*
....
124* 188
.
Debenture 6s
Buff A Southwest. Set Erie.
BuffASusq lit gold 5s.. 1913
1913
Registered
136
-F 140
Chio4N'west—Con7s..l915
J'ne'99
1937 M-9
1 18k
1947 J-J
A 1 AWest lstg 4sgu.l"98 A-O 101 •••It • iltl
108
ClAMah Istgug5s...l943 J -J
129
Rooh A Pitts lstg 6s.. 1921 F-A
1922 J-D 125*
124
Consol 1st 6
BuffRAPgengSa
"4*
1
BeeohCreek.
BwayA7thAT. See Met 8 Ry
Bklyn A Montauk. See L Isl.
Brans A West. S»«8ayF4W
Buff N T A Brie. 8et Brie.
118*
1
May'00
111
111
•110
.
105* 100
109
H7*Jan.'00
.
. .
166
180
117
119
116
ChtoAL8uDlTg5s..l921 J-J
Chlo 4 Mo RIt DIt 5s 1 926
1910
Chlo 4 Pao DIt 6s
1st g 5s. .1921
Chic 4 P
186*178*
178*
112*116*
10894
4s series A. . .
Registered
Gen gold 3*s series B. 1 989 J-JJ
1989 J-JI
Registered
••••••
• • •
160* 169
178* 178*
18794 Aug'00
108H
1«8«
172* Apr'00
170k J'ne'00
108*
108k Autr 00
118* Aug'00
no*
1 989 J-Ji
110* 110*
1989 Q-J! ••« MIMI 105* Feb '98
Gen gold
90
94k
98* 108
99 100*
78k 88*
I.
faul—
J-J
1903 J-J
lstC4M7s
Chlo Mil 4 St P oon 7s.l 905 J-J
1914 J-J
Terminal gold 5s
sm 9ik
100% 101*
99* May'ou
86*
85k
7994 Deo '9u
98
10 1* Sale
tint*
Jan.
Sale.
2. *st
Ask. Low. High. No. Low. High
Bid.
lst7s*goldRD....1902
Ann Arbor lstg 4s.
Atoh T A 8 Fegen g 4s. .1995
A-O
Bettered
8t
Week
Range or
Sept. 7.
MAStP— lst7s»gRD.'02 J-J
amUoot&L SasCenofNJ
1995
Registered...
at
481
1.
Price
Friday,
N. V. BTOCK EXCHANGE
Wbbk Endikg Sept. 7.
Alabama Cent. SwSoRy
la Mid. S*sSa».Fl &W.
Albany A Susq. Set U A 11
Allegheny Val. SaePennCo.
A' leg. AW. Set B K. & P.
Adjustment g 4s
Page
BONDS.
since
Sept. 7.
7.
.
(6 pages)
Friday,
BONDS
If. T.8TOCK EXCHANGE
WBBK EWDIMO SEPT.
PRICES
9
.
;
OUT8IOE 8ECURITIE8 (Given
Street Railway,.
9o Side EH (Ohio)— Stock.
8yTMuseRap.Tr., 6s, 1946
union Trao (Chlo) Com..
Preferred
United Rys (St
Preferred
Bid.
99
I
94*
14*
4s 1934
Preferred
t
84
110
106
Bid.
1494
Ask.
{100
108
T8tk Bioh
Deb 5s 1908.
MAN 89 93
Bqult GaiCon. 5s 1932— See Stk. Ex. Ll st.
Mutual Gas.
300 810
N.
Amsterdam ass-
ist oonsol 5s
NT Bleo Lt Ht A Pow— N.
Gold 5s— See N. T. Stk.
Gas BeoHrttlae.
N T A Bast RiTer Gas—
1st 5s
NBW
YORK.
52* 63* Cent Union Gas— 1st 5s
30* 2094 Con Gas (NT)—Stook—
L Transit)
j&j
Oai Hecn rules.
Ask.
100
00* 86*
85*
On'd TrABleo(ProT)-tk'k
111*
West Chicago oi
99* 100
Oong 5s 1938
MAN 103 1 22«
Worcester (Mass)Tr-Com
30
83
Gen
at poot of 7 ooutseoutivb pages).— GAS SECURITIES,
1944
1930
MAN
OTHER CITIES.
Baltimore Consolidat—Se
Um Securities.
Ask.
Ohloago
J4J {110
104
Consol 5s 1945
J4J
Nor Un 1st 5s 1987. .M4N
Standard Gas—Common.
Preferred
,.,......
1st 5s
Bid.
103
180
140
1115
118
100
104
180
140
118
• Bait. Lilt
Bay SUte Gas—
„ 1H
«105* 106* Boston UnltedGas Bonds- •Bosto
T.Btk. Bxoh Buffalo City Gas— Stook.
1st 5s Bonds
I
Bxeh. List.
64*
1*
nLls-
4*
08*
<&g.
Bid.
Sto ok Bx oh.
199* 800
Coke.
Gas— 8tt N 7
Gas A
L 4 Heat—Com.
Cincinnati
51
40
68
80
Preferred., m ...... ••<
J4J {109* 105
lit 6s 1938
18
10
C>nsoltd Gai(NJ)— Stok
80
88*
J4J
1st 5s 1930
Consol Gas (Pitts).... 50
Pref ..... ............ 50
3ol
Gas
118
Bonds 5s...
Consum Gas (J City)—Btk 108
fAnd
108
109
{104
per sh are.
tPrioe
M4N
1st 0s
interest
118*
S
1
THE CHRONICLE -BOND
482
Price
Friday,
Week's
Range
Range or
since
Sept. 7.
BONDS.
H.Y. STOCK EXCHANGE
Week Ending Sept. 7.
Last Sale.
Bid.
Del Lack A Western 7i..l907 M-8 '-9'H
Morris A Hssex 1st 7i. 1014 M-N 138
1871-1901 A-O
7s
1916 J-D 139
lstoonguar 7i
1915 J-D
Registered
lit 6s.. 1931 J -J isc%
N Y Lack
1928 F-A 119
Construction 6s
1923 M-N
Term&lmpt If
lit 7S.1906 A-O 120
Syr Blng *
1900 A-O
Warren 2d7
Del A
lit Pa DlT7i.l917 M-8
1917 M-8
Registered
Alb A B.islstoongu7sl908 A-O 119
...1906 A-O •118
Registered
1906 A-O :13%
Guar gold 6s
1906 A-O 113%
Registered
1921 M-N 149
Rens A Bar lst7s
1921 M-N 148
Registered....
AW
Den
ft
ROr
lstoong 4s
140
139
..1936
J-
1
14294
188
190
106
108
146k
143
118
199
121
11854
W
.
A B 1st g 5s. 1941 M-N
8. AmOAO.
Elm Cort A No. Am Leh ANY.
1947 M-N
Erie 1st sit g 4s
1919 M-S
2d eitgold 5s.
1933 M-8
8deztgOld 4%l
1920 A-O
4th ext gold 5
1928 J-D
6th ext gold 4s
1920 M-8
1st oonsol gold 7s
oonsol gold fd 7s.. 1920 M-8
1st
Brie lstoong 4spr bds.1996 J-J
1996 J-J
Registered
1st eon genlleng 4s.. ..1996 J-J
Registered
,.1996 J-J
Buff N Y A Brie 1st 7s. 1916 J-D
1908 J-J
Buff A 8 W gold 6
1908 J-J
Small
Chlo A Brie 1st g 5s .1882 M-N
Jeff BB 1st go gold 5S.1909 A-Ol
Long Doo^oon gold 61.1935 A-O
Coal A RR 1st gu 6s.l932 M-N
Dock A Imp 1st our 6s. 1 91 J-J
N Y A Green L gn g 5s. 1946 M-N
Small
1946 M-N
Mid RRofNJ 1st g 8s.. 1910 A-O
NYSAW— lit ref 51.1937 J-J
2dgOld4%s
1937 F-A
1940 F-A
Generals os
Terminal 1st g Is. ... 1943 M-N
Regis 85,000 each .1943 M-N
WllkABaslstgn g5sl942 J-D
Brie A Pitts. See Pa Co.
BscanALSnp. Be* CAN W.
Bnreka Springs 1st g 6s. 1988 F-A
Bt A TH 1st eon 6s.. ...1991 J-J
1st general gold Si. ...1049 A-O
1923 A-O
Mt Vernon 1st 6s
Snll CoBr'oh litg5«..103O A-O
BrAIndlsteongug 6I..1926 J-J
Fargo A So. SeeChMABtP.
Flint A Pere M g 6s .... 1 920 A-O
1st oonsol gold 5s.... 1989 M-N
Pt Huron Dlr lit g 5s.l939 A-O
Fla Cen A Pen 1st g 5s. .1916 -J
1st land gr ext gold 6sl03O J-J
1943 J-J
Oonsol gold Ss
Ft 8 A V B Bge. 8- BtLASF.
Fort 8t D D Co lstg 4%il941 J-J
Ft W A D O— 1st g 4-6i. 1921 J-D
Elgin Jol
Ells
'
Bale
miii
•
89
100
.....
110
May
97
J'nei'OO
J'nei'99
118
Gray's Pt
Term
119)4115
11 8%
119)4 118)4
147* 14854
14854 14854
102)4 10454
96)4 99%
16
107)4
i 106
9 101)4 106
107
103
Hook Val
lit oon g 4%s.l999
1999
Registered
V lit ext g 41.1948
Col
T. See So Pao..
Hount H A
Hous A Tex Cen. 3*4 So P Oo.
AH
W
Ililnoli Centralist gold 4s
UCJ4
119
191
...
eeeee
"76)< "82)4
J'ne'00
107
109
110%
184%
143
87*4 Bale
"«»« Sale
140
108
•
116
106
184%
Deo '98
sm
••••I
Feb '99
Deo
'99
Aug'00
108)4 Aug'00
18)4 190
107)J 111
98
99)4
93
97)4
108)4
1
99)4 J'ne'00
linn
107
Mill
Bale
••••••
•
•MIII
•109
•
•• ••
•• ••
104%
109
•••••I •*•«•
•••••• •••••!
J-J
•
»«
•••
•
••
•
•••
72)4
108
10854 J'ly '00
97%
•••*••
J-J 99%
J-J
A-O 104
106
89
Deo '98
Feb '00
9
•
#)••
Grand Rapids— Stook
FAA • 104%
Gas L... 96
Hudson Co Gas
5sgl949
Indiana Nat
1st 6s
t
48
85
108
A IU Gas—
1908
Indianapolis
1st 6s 1990
98%
Wo"
110
ib'6%
,
•
MAN
MAN
Gas—Stock.
61
80
99
40
45
65
106
61
40
103
65
90
100
ib'8% i'1'6%
a9%i»i%
BO
66
•
•••••
50
114
Sale
118%
6214 Sale
69%
•••
•
••
••••>•
44
HI
i!^i!S
114
KalAAGR. AmLSAMB
an A Mloh. B** Tol A O C.
K O A MBAB lstgugSt.1029 A-O
KanOAPae. 8** M K A f
3s.,
195
1950
A8i
A-O
A-O
Begtstered
.....1933
ANY 1st gug4s... 1945 J -J
M-8
Registered.....
10 A N 1st g 1st pf 6s. 1945 M-8
914 A-O
A
O
huh
io6%
iioJi
118
111%
•
Aug'OO
109
a»
108% Nov'99
112
J'ly '00
109
Oot.'90
• •
•* e
ie
*
•
e
91% 98%
99
99
*••
• •••
••••••
•••<
• • • » •
101%
191% Aug'OO
101
•••••
100 Aug'OO
106 J'ne'00
MMM
•••••
...... ******
Be'pV'09
•••••(
MM MMM
•MM MMM
•
103 s NOT'99
•••••
<•••••
••••
Ang'98
104
01%
»•••
63% 70
116% 198
108% 119
110% 118%
120% Aug'OO
116% Aug'OO
111 Aug'CO
•••••• •••••
Leh
64% 866
•
Long Island—
lstoong 5s....
lstoong 4s
H
1981 Q-JI
1981
1988
1993 M-8
General gold 4s
Ferry 1st gold 4)4
281
104
*
08
•••••
•••!•• •••««
70
55
2i*
60
Unified g 4s
1949
Debenture gold 6s. .... 1 034
Bklyn A Mon lit g 6i. 1911
litSs
1911
mm. .1987 M-N
Unified g4i.... 1 . ...... 1940
111
J-J
Aug'OO
90% 99
111
00
116
114
118)4 U8)4
104)4 106
Aug'OO
105
100
Jan-'99
102)4
Jan-'OO
104
98
101
98
ibi% 101)4 J'ly '00
198" May'00
•
9dg8l
• • • •
••••••
• I • • •
..... (Ill
• I I • •
I • • • •
lOt
96
• • •
•
•••
• • •
MMM ******
106 no
••'••I
•
•••
•••
105
1
••
106
106
106
116
198
•
••
•
I
19
89
»Io8.
mxi;
• •
109% Aug'OO
98% Aug'OO
106
NOT'07
U8% Aug'OO
103 Jan '98
137
117
18>
ISO
97% 105
100% ior
00%
1980
. 1987
litoon Income g 81. ..1939
3d eon lnoome g 8i. , ,1939
1017
outpAeoUgSi
1919
2dseilesg5s
Hex lnternat lit oon g 4s. '77
1997
4ex Nat 1st gold 6s
,
106
SBi*
1
iii% iYlU
••*•• ••••••
J'ly '00
Aug'OO
109% Not'09
Aug'OO
137
66 Deo '99
W11
t Bonds
25%
11%
J'lyl
J'lyl
A-n
A-O
M-S
J-D
in
11T
1U.1"
187
198
•
•••Ml
95%
10
98
99
iii" iif
due August.
A
*
Bt P.
Due
»
99%
Laolede Gas— N Y Stook Hxo ii.
Lafayette (Ind) Gai
40
1st 6s 1924
MAN 61
60
70
J101
1189
66
1109
stonL
Ask.
40
101
46
65
68
75
105
108%
1st.
10
84%
71
•
••
• I I
108% Apr 'OC
81
Apr '00
18% J'ly '00
ibi" iio" 106
18
108
81
108$
87
• • • •
•
•••
May'00
?!
17
19
105
•
108%
•MM MMM
W
W
SeeChMAStP
See Oh M A Bt P
April.
I
Due January.
1
Due
October.
I
(Givbn at foot of 7 ooksboutivb pagbs).— 9AS, TEL.
Bid.
90% 89%
Aug'OO
84
•••••
••••• ••••••
61
TO
26% Aug'OO
18
101
••••it
•dlno6s ACp itmpd.1917 M-Si
3d lnoome gold 61 B..1917 An.l
Hex North lit gold 6i. .1910 J-D
1910 J-D
Begiitered
viUANorth.
Loganspt A Wab Yal—
1st 8s 1926
JAD
Madison (Wis) Gas— Btok
1st 6s 1926
AAO
Newark Gas 8s 1914
Newark Oonsol Gas ..100
5s 1948
JAD
New Bug Qas A 0— SeeBo
•••
•••
•*••••
H
NO AM
Mich Cent. See N Y Cent.
Hid of N J. See Brie.
4 L 8 A W. See Ohio A N
10S% Hll A Mad. See Chlo A N
100
Un» Wecnrltlee.
Kansas City Gas
100
6s 1922
AAO
•
•
. .
J'ne'00
113)4 Mar'00
106)4 Aug'OO
109)4 Apr. '98
108
108%
'.'.'.'.'.
Aug'OO
•••••• 10414
•••••• 102)4
••••••
98
•!••••
...... «...»•
• • » »
Bt* Brie.
. .
!••(
116
•••••I
••••It
«•••••
••••••
•••••I
Ask.
h. list.
JAJ
1st 8s 1935
1st 5s 1915
Hartford (Ct)
0094
Bale
• I
i09% Aug'OO
190% Aug'OO
68 Aug'OO
55% May'00
• • « •
M-8 • 58%.....
97
Kentuoky Cent g 4i
J-J 07 Bale 97
103 10454
LANAMAMlltg 4%l.l045 M-8
107% Jan.' 00
•••• •••••••
N Fla A 8 lstgu g 5s ..1037 F-A '100)4
109% J'ly '00
89
89
Pens A Atl lit gu g 61.1021 F-A 110%
110% J'ly '00
99)4 99)4
SANA oongugSi.... 1036 F-A •107 114 107% Aug'OO
1010 A-O
Blnkfd (BAN A) g 61..
96%Oot.'00
LA Jeff Bge Oo gug4i.l046 M-8 05
LNAAO. AmOIAL.
MahonOoal. Am L SAMS,
anhattan By con 4s. 1990 A-O 100 102
101% Aug'OO
Registered
1990 A-O
Metroppl Bl lit g 8s. 1908 J-J 114% 115% 114% J'ly V00
98% 108%
Man BWOolonlsg6i..l934 J-D
109" 10*8" BlK'ptABY. AmPMoKAY
ttetropolltan Bl. Am Man By.
Mex Cent oon goldis... 19 11 J-J 70
78 Jly'00
99)4 Jan-'OO
114)4
106)4
••••••
103%
Mail 98
Aug'00
..MM
Hi
190
MM*
68
101
MM
Ii0%
.••Ml
130
108
« •
100
68
196M
••mi
.06% Aug'99
ibi" 8ep.v99
108% Aug'OO
110
100
79
00
.....
105
100
•••••I
•••I
•«•••
181
hum
08
100
Aug'00
•
125
•
•
Begiitered
1040 J-J e«ie«i
Ooli trust g 5s..
1031 M-N 108
Col tr 5-20 g 4s ....1003-18 A-O
0854
Cecal Br 7i
1907 M-e 101%
9 A Nasn lstg 61... 1919 T-n 118%
LCin ALexg 4HS...193I M-N
lstg «r .....1980 J -j •186
3d gold 6s. ...... mm. 1980 J -J 115
Pensaeola dlT gold 61. 1990 M-8 107
1991 M-B 121
BtLdiTlltgOs.
*•••••
•••••I
••••
•
...... .....
198)4
lOf
• • e e • e
1
130
103
Bale
72
67
•••••<
125
19%
Aug'OO
Not'98
96% May'00
96 Dec'99
08 Feb '00
21
90
Gold 5s
Not'97
198)4 Aug'00
107
107
108
100
lii"il4"
nut ••••H
•
124
"O
108
104
106)4
•••••I
•••••I
26
111%
111%
100
U3
61
106
.....
•106
••Mt
J'ly '00
105)4
»•••••
••••••
108
128
H.t.t
......
•••»«•
«•••••
96
Apr '00
••••••
106H
»••••»
••••••
J-D
..MM
103% May'00
J-D
93
M-B 02 Bale 99
J-D 05
••••••
M-8 115 180 ••••••
109
110 Aug'OO
M-8 107
NYBAMBoong5s..l935 A-O •105
107 Jan.'99
N YAB B lit g5l... .1997 M-8 106 110 105 May'00
Nor 8h b litoon g gu5i..'32 y-o 107% 100 106 May'00
195%
LaAMoRlT. SeiChlAAlt
110
•••••• LoulsTllle A Nash ruleGeneral gold 61
118
1980 J-D 118 Bale 118
•!••••
96
118
106
J-Jl
88
60
ICO
BB.
M-N
M-8
M-8
11154 Sale
98%.
99% 108
Deo '99
05
193)4 J'ne'00
106* 106)4
96
119
80
••••• ll*ll|
Aug'OO
01% OOU'99
1.00%
AmMoP
•••••I •••••
•••••• •••••
Oot'98
••«•«
04
J-J
Bid.
1919
1909
8 <| Bold
117)4 Leh AHudB. See Cen of N J..
Leh A Wllkesb. Am Gent NJ.
36)4 189)4 Leroy A Caney Yau
Lex At A P F. Am Met St By
Long Dock. Am Brie.
1
180% 119
IMIII ll*H
Low. High
90% Aug'OO
102'
L,
114
109
•••••a miii
iiiiii e« • • •
*
OUT8IDE SECURITIES
Wecurltlee.
lft gold 6i
Gold guar 5i... ...... 1914
these are latest bid and asked this week,
Gas— See N Y Hxo
•sex A Hudson Gas
Fort Wayne (Ind)
W
1
• • I
116)4 Ang'00
106
75)4
tine*
Jan.
High. NO.
liovo.
90*
l'ooli
.
67
56
116%
.
Gn*
AN
Kentnoky Cent
136)4 J'ne'00
NO
Detroit
Gold 3%s
Am Bt L
Am LAN.
KeokADeiM. AmOBIAP.
KnoxrUle A Ohio. Am So By.
107)4 US
LakeJHrteAW 1st g 6s. 19 37 J-J 190%...,
3d gold 5s..
1941 J-J 116 ....
North Ohio 1st gu 9s.. 1945 A-O 110% 118%
116)4 118
LSAM8. Am NY Cent.
119)4 119%
11354 116% LehVal(Pa) oollg 5s..l997 M-N
Registered 6s
1997 M-N
123% 193)4
Leh VN Y lit gug4%s.. 1940 J-J 109
Begtstered
1940 J-J
184)4 149
"'."
Leh V Ter By lstgu g 5s 1 94 A-O U2%
Begiitered
mi J-J •e«e«e •••••<
A-O
37)4 99
L V Coal Co lit gu g 5s. 1988
10
8754
93)4 May'9M
69*4
69)4
Ask.
Week's
Registered,..,
Registered
114)4 Kansas Mid.
110
117*4 J'ly '00
Jan.'00
114)4
114)4
198)4 Mar'00
106)4 Apr'99
135
1951 J -J
1
110
Rings
Last Sale.
Bid.
j-j
1951 j-j
1951 j-j
Registered
1951 j-j
Boring D1t lit g 3%i. 1951 j -j
Registered
1051 j-j
Western Line 1st g 41.1951 F-A
Begiitered
1951 F-A
^
BelleYAOar lit 6i... .1928 J-D
OarbABlitg 4i
1932 M-8
Ohio BtL
Og5s.. 1951 J-D
Begiitered
1951 J-D
Gold 8%
1951 J-D
Registered
1951 J-D
Mem Dlrlitg4i.... 1951 J-D
Registered.
1951 J-D
Bt L Son 1st gugii... 1981 M-8
Ind Deo A
lit g5i.... 1935 J -J
l«t fnar g; 5e
1985 J-J
.
Ind nlA la lit ref g 5I..1948 A-O
Int A Great Nor—
LXXI
Range or
Sept. 7.
14
Sept. 7.
Ul Cen. (Con)
Bt Louis DlTg 3I......1051
Jefferson
11»«
.
116% 116
188%
109%
1951 J -J
Registered
1951 J-J
lit gold 8%
1951 J -J
Registered
litgold 8s sterling.... 1951 M-S
1951 M-S
Registered
Col) Trust gold 4s. ....1052 A-O
1052 A-O
Registered
L
A Tex gold 4 s.. 195 a M-N
1963 M-N
Registered
Cairo Bridge gold 4i. 1960 J-D
..1050 J-D
Registered
LcnliTllle D1t g 8%s .195 f J-J
1953 J-J
Begtstered
1991 F- *
Middle DlTreg 6
* No price Friday
Week Ending
[Vol.
2.
Price
Friday,
EXCHANGE
8d
1991
Iowa Central lstgoldSs.1938
Iowa Midland. Bt* Ch A N W.
108% 109)4
BtLSW
See
190)4
•••••• •••••
VGA
&S.OBAQ
Han A St J. Bt* NYNHAH.
onsatonlo.
••••it
146)4 148
99)4 Feb.'99
114)4 J'ne'00
11074 Sale
See 8 P Co.
Gal Har A.S A. 1st Bs.191? A-O
al HAH of '82
Ga A Ala By 1st pf g 5s.l945 A-O
1945
1st consolg 6s
1st gn g Ss.1929
Georgia Paolflo. 8»* So By.
Gila
Nor. Bee 8o Pao Co.
Gouv & Osw. See N Y Cent.
Grand Rap A Ind. Bt* Pa Co.
• • • • •
108)4 May'00
116
.
Ga Car £ No
190
106
132
Page
BOND3.
N.Y. STOCK
Kan C So lstg
. .
W A Rio Gr 1st g 8-4i. 1028
Feb '00
Aug •98
May '00
10254 Aug'00
9854
98%
108
I
Ft
Mar 00
187)4
(5 pages)
5s.
gold 4i. a
38
108
Lex A B
.
133
119
105
122
148)4 J'ly' 00
148% J'ly 00
107
149
104&4 107)4
138 141)4
Aug '00
Oct. 9b
Aug •00
May '00
113% Aug •00
. .
J-D
A-O
A-O
J-J
J-J
J-J
40
110
106
199
108
DesMAMlnn. SMChANW.
Des M Cn By 1st g 5s. 1917 M-N 106
DetMATol. SeeLSAMSo.
Det A Blaok 1st lien g 4s. 1995 J-D 90
1995
Gold 4s....
Dnl A Iron Range lstOs.1937
1937
Registered
1916
2d 6s
Dnl Bed
A 8 1st g 5s. 1926
Dul So Shore A At g 5s 1 987
East of Minn. SssStPMAM.
astTVaAGa. Am. So By.
38 %
1
185H
9*M 98k
J
1936 J -J
Jjnprorementgold 6s. 1928 J-D
Rio G So ga. See Rio Or So
Des M A Ft D. flee O R * 1 P.
Aug 00
106% 105% Aug •00
M-N 108%
lstoong4%s
1.
124%
193
188
124)4 Aufe '00
H—
See Pa RR.
1st gold 7s.. 1900
Jan.
Ask. Low. High No. Lore. High
NY
DelKivRRBge.
PRICES
.
Ask.
39
98
68
OhloAInd— 1st 6s '26JAD 64
Peoples Gas A Coke— N Y Stock Hxoh
Philadelphia Co— See Bos ton L 1st.
60 t 94%
Prorldenoe Gas.
40
80
Bt Joseph (Mo)
96
JAJ { 90
5s 1987
50
46
a: Paul Gas— Stook
81
6s 1944 ,...MA8 « 77
Oonsol
?% 10
Syracuse Gas— Stock
98
89
JAJ
Ist6sl946
99% 94
Western Gas (Mllw)
(iai Secnrltlee.
Ohio A Ind Con Nat A 111 -
Is— See N Y
Bt
Hx
Bid.
Due inly, e OpUeue
<§
1
1ELEPH., So
&
Bid.
Teleg.
Teleyb.
Telec. Ac '1'eiepa.
American Dtst Tele— NY Stock
Bell Teleph. of Buffalo... 119%
Central
A South
Amer....
Cies A Poto Teleph— 8tk
5s 1909-29
JAJ
O immeroial Cable
O >mmer Union Tel (NY).
H
uplre
{And
interest.
« .
..i
100
106
60
108
165
110
T6
66
104
170
115
A Bay State Tel.
A Telep— Set 8 tekHx
Teleg
Franklin
B.-ie
Ask.
43
tPriw per sb
....••
List
4P
aie,
list.
.
A
J
.
Sept.
THE CHRONICLE —BOND
1900.]
8,
Price
BONDS.
Friday,
N.Y. STOCK EXCHANGE
Sept. 7.
Wbbk Endihg Sept. 7. 14
Ask.
Sid.
151
Minn A 8t L-lst g 7s 1927 J-D
Iowa ex lit gold 7s ... 1909 J-D
South West ex lit a 7s. '10 J-D 137
Paolno ex lit gold 6s .1931 A-0
.
Week's
Range
Range or
Jan,
Ca«Q
Low. High. No. Low.
149 May'00
143*
132* May'00 MM 182*
183* Aug'00 III 123*
.
M-N 114 115
M-B 96 Sale 95
96
J-J
J -J
tt
M St PA88M oon g 4i lnt gu' 38 J-J ••••I (Mill Ml
MmnUn. SuatPMsM.
98
98
93
Mo KanATex-litg4i.l990 J-D 93
1990 F-A
67* Bale 66*
67*
2d gold 4i
90* 91
1944 M-N
90
lit titan gold 5i
90*
Bo oner BdgOogu g 7i. .'06 M-N •It It* MIMI 100* Nov'9tf
90
90
90
Dal A Wa lit gng Si.1940 M-N
MKATofTlltgug5l'42 M-8 90
92* Aug'00
8her8hA8ou itgu g 5i.'43 J-D
98 Aug'00
K O A Pao lstg io.... 1990 F-A 81*
80 Aug'00
Tebo * Neoiho lit 71.1903 J-D
105 Ang'00
Mo X. AB lltgug 5I...1942 A-0 103*
1900 M-N 114
Mo Pao-ld7i
118* Aug'00
1930 M-N 117 117* 117* 117*
lit oon g 01
t t I t I
• t
11
<
•
23
33
1917 M-8t
1917 M-8t
1930 F-A
lit ooll gc!d 5s
1930 F-A
Re filtered
LeroyACV AL lltg5s'28 J-J
Pao B of Molstexg4s.'38 F3d extended gold 5i. 1988 J-J
St Louli A Iron Mount—
Geuocnrr Aldgrtg5i'31 A-0
Gen con stamp gtdg Si'Sl A-O
1939 T-J
Unlf *ref g is
1929 IRegistered
Reentered
Verd
V
1
W
A
Miss Bit Bdge.
Mob A Blrra
n-8
litg 5s.. '36
Sm Ohio A Alt
priorlleng 5s.'45
1945
Mortgage gold 4i
Small
1945
J
hihi
MlMi
K6*
8ale
efd
HI*
Sale
sssaee nets
Mill
* • «
• seeee*
•till!
•
109
110*
*••••
•
a • *
136
.
85
3d 6s
1901 J-J
1938 A-0
lit oon gold 5i
lit gold 8i Jaiper Boh. 1923 J -J
lit 5s MOM
A Al. 1917 J -J
llt6iTAPb
1917 J-J
MW
Naih Flor A
NewUAD.
»J
Shef.
8m LAN
Juno RR.
01
118*
79*
Jtangt
Sale.
tin*
fei
Jan.
^£
187
Sale
.••••
• «
187
l04*O0t.'97
Aug'00
189 Aug'00
186* 191
185
189*
191
180
115
114
110
133
Apr '00
183
114
118
Jan.'OO
iii" i'iT
104
M-N
M-N
J-J
J-J
104* 104*
101*Not'9»
103
107
114* j'ne'00
110
189
130
114*
188*
M-Si-
M-N 113
M-N 183
126*
A-0 •133
F-A
A-O 97*
A-O
A-O
J-J 100*
M-N 101
StP *NPgeng6s...l92S
•
Mil
•MM
J'ly'00
W
188
J'ly '99
84*
114
13314 Aug'00
183
Aug'00
117* Aug'98
97*
97*
Sale
101
101
Sale
90* 99*
67* 87*
89
97*
188
J'ly *00
Feb'97
e«" ioi"
101
Sale 104*
104* 26 108* 106*
101
108* Aug'00
105H
'05* Bale" .05*
69
05* "88 65
lettl •tint
66* May'00 III 00* 68
131* May'00 • III 131* 188*
lOi*
RegUtered ..,,..,,..8047
•
Registered otfs
1923
Bt Paul A Dal 1st 5s. .. 1 93
MM! Mtlli
2d 5s
.1917
1st 00 g 4s
1908
ISO*' 188"
Wash Cent lstg 4s.. .1948
130* 186
Nor Pao Ter Oo 1st g 0S.193S
88
87
106* 10S* Nor By Oal. 8*s So. Pao.
Nor Wis. SstOStPMAO.
Nor A Mont. SssN.T.Oent.
Auk'OO
138
108
118
**•••• seeee*
•••••# ••••••
••***« ••*•••
HIM
•
118
118
132
130
118
J'ly '99
HI
••*••• •••••!
>
Feb '99
Aug'00
100*
100* Aug'00
87* 89* 88* May'00
113 Aug'00
tin*
•
109
113
97* 100*
88* 88*
113 18<T
111
•
109
•
•
'00
Aug'00
Aug'00
Aug'00
107* Aug'00
110
110
108
•
Mill
95
95
•
states
106
•MM IIMH
•
tt til
hihi
•
till*
ttttte
•»ttti
him
9»
IIMH
•••••
••Ml
107*
III lllll
105
.
MUM
A-O MUM
A-0 •MM*
NYAPutlst0ongug4s.'93
Nor A Mont lit gu g 6s '16
West Shore lit iigu.2301 J -J
112*
108
IIMH
ttttts ••III*
IIIH
J'ne'98
2361 J -J
113
Lake Shore oon 2d 7i .1903 J-D 118 114
RegUtered
1903 J-D 118 ttttl
Oo'd 8*s..
1997 J-D '100 ,„„
RegUtered
1997 J-D
MM tt «.
ClnA 81itgLSAM87i'01 A-0 •104*
Det Mon A Tol 1st 7H906 r-A
•
III
MM
...
J'ly '00
Feb '00
!••••
'tits
.....
M<
'
•
•MM
SQ7S.
Id 7s
Hill
Mill
•
•MS*
•
113*
«MM
Oong
1*111
5s
1919
1919
1943
RegUtered
HIM
102
MM* MM
115*
Snn A Lewis lstg 4s. .1936
UN J RR A Can gen 4S.1944
114
111* 116* HnsaoolaAAt SssLANash
111* 114* Pe ^rla Deo A Evans v8d g 6s tr reo 1st pd... .1936
109* HI*
110* no* feo A Bast. 8** O O A St L
HIM reoAPekUnlitg0s...l931
M
110
Aug'00
110* Mar'00
108* Deo '97
118* J'ne'00
• 1 1 1
119
105
A-O
M-N
110*
•
109*
Aug'00
Apr '00
Sdg4*s
Feb., 1931
Mne Creek reg guar 0s .. 1982
131
Mill
20
110
91
77
103* May'00
103
••••••
•••••*
116* Aug'00
111* Jan.'00
111
103
131
181
*109*
118*
HUM
ne* MM"
Him II*
111
J'ly'00
*••• ••••••
•
101* 101*
MM* ••••••
• IIIH IIMM
I
117
117
114
100
99
A-O
A-0
M-N
M-N
F-A
MUM
MMM
J-J
J-J
A-O*
M-N
J-J
Q-MII
M-S
•
•
•
•••I
••!•••
••••••
ttttts
Mills
••••!
117
113
109
MMM
Aug'00
Not'98
Apr'00
•
•
lit
•••
tt ttt*
•••II*
•••••
••••••
•
Mill
IIMH •Mil
•
•••••I •••III ••••••
•••••I ••*••• •••*••
HI
J'ly'00
May'97
••••••
••••••
•••III
MIMI
•
••It-
• * I
•
*••
• ••I
•
I • •
• • • •
HIM
•
••Ml
•••••
mil
Aug'00
• • •
• I
tit
•
M-N
Q-F 130*
M-N 101
J-D
108
Not'97
May'00
S3
188
Jan-'OO
130
98
187
Aug'00
•
J'ne'00
• • •
•
i'iT"
USM
••Hi
117
117
33
• •
•
It
ISO
98
180*
93
NOT'97
139
189 189* PlttsOlnAStL. 8m PennOo.
MoBAY— lstgu 6s.' 3 2 j-j MMM IIMM 129
• OCA StL. 8m Penn Co.
ttllll
1934 j-j
••Ml MMM
nttsClerATollstg0s..l922 A-O
107* Oct. '98
lllll HMI
Mo&eeAB V 1st g 6s. '18 j-j ttllll •••••<
PittsFtw A Oh. Sm PennOo.
Mloh Cent— 1st oon 7sl902 M-N 107* Salt 107* lo-r*
105*109* Pitts Juno lstg 0s
1983 J-J ••»••* •»•••< 131 NOT'98 lit
1st eon 5s
1902 M-N
108* 104* ' tts A L Brie— 3d g 5s 1 988 A-Ot 113
M ••
103* Aug'00
As
1909 M-8
Pltti MoKees&Y. See N YCen
181 Aug'00
119* 191
5a
1931 M-S
-utsP A Fist gSs
128 188
90 ..,,,, 90 J'ne'99
188 May'00
1910 J-J
RegUtered
1931
Mtts Sh A L B 1st g 5s. .1940 A-O 116*
MMM MMlt 137 Deo '99
116* J'ly'00 •••
4a
1940 Sffi MMM MMlt 105 Jan.'00
lstoonsolgold 5s
105 105
87* Jan.'00 tell
1943 J-J
RegUtered
1940 J -J ttllll ttttts 108 Jan. '96
MttsAWest lstg 4s... 1917 J-J 100
100 J'ly'00
Bat O A St 1st gu g 3s '89 J-D Mils MMlt
JPM A Oooertfs...,
100* Aug'00
NTs Harlem g 3*s 8000 M-N MMlt MIMi 115* May'00 Mir 115*116* Pitts Y A Ashlstcon 681987. M-N 100 ..,,,. ItHI ••••••
lie
MM
Registered
2000
tit
87*
88*
11*111
NY A North Istg5s..l937 M-N MMM 195* iis" J'iy v99 IIIII *••••• ss ttt D lading Oo gin g it.. .1997 J-J 87* Salt 87* Ang'00 194
A-O
» RegUtered
•»•••'
1997 J-J
R W AOgoon lstext5s.'33 A-O* 187* 139 187* 127*
139* •enssel&er A Bar. Sm D A H.
1 180
OsweAB3d gng 6s.. 1915 F-AI HO
Uih A Dan. Sm South Ry.
113 Apr'99 It Hill* HIM
B W A O T R lstgu g 5s. 18 M-N
18
99
99
Mills •••••
MIMI •II ••••• •••• Bio Gr West 1st g is. ... 1939 J-J * 98*....
OtloaABlhBlTgug4s.'23 J-J 107
Utah Cent lstgu g 4s.l917 A.-Ot *.....7 88« 88* Aug'00
107 Aug*98 MM
••• •teeSale
•••••• •sssss
••III •••tts
••••••
••lie* ••••tt
till
117
J-J
M-S
181
134
Mill* •••MS
• Mill •••*••
•I •••• ISMS*
108
109
• • •
118* Mar'00
•
117*
113* 117
114
106* ioi"
100 101*
135 139*
186* 186
101* J'ly'00
139* May'00
185* Aug'00
HIM IIHH 131
HIM •••It 108
•MM!
MIMI
•
•••III
U7* Ang'00
181
102 108*
117* 1178
MUM HMI'
108* Mar'00
117* Feb '00
It •
title
eniir
-•tin •• II 101* May'00
Hill •••••I •••••
••••It
MM*
10C
Not'98
•
•
104*110
...,
iie*
Oong 4s
-N
3rBAlexlstgug4*s.l94l J-J
01 A Mar 1st gn g 4*s.l935 M-N
D R RRA Bge liTgn is g.'36 F-A
AUegh V al gen gn g 4s. 1 9 1 M-8
HIM
110
110
,1912
Oon sterling g 0s
1905
Oon onrrenoy 0s reg.. .1905
106* 107*
103
WAO
....... •*,.,.,,
1912
MMM PsnnRRlst
real es g 4s.l93S
•••••
118* Aug'00
111* J'ly 00
KAAGR 1st g oSi.1938 j-j
••••••
••••••
•
Ul* Aug'00
I
110*
mill
»HIM
1940
Series Bgnar
1942
Series Ognar
1942
D Is guar
Series
1945
Series B guar 8*s.. 1949
Pitts Ft
lit 7s. 1912
98
98
97
94
95
94
108
•
1*11
mill
mill
SeriesA.
96* 99
•lllll •••••
J'ly '98
•
118*
Reglitered
Mahon O'l RR lstSs.1934 j-j 189
MMM
•••si*
101* 103*
9
18
10
eee I
• lee
••••••
109
109
90
60
J'ly'00
BssOANW
J-J
J-J
M-8
A-O
A-O
M-N
J-J
Series B.
1942 A-O
Series G8*s
1948 M-N
Brie A Pitt gug8*sB. 1940 J-J
Series
1940 J-J
NAGBdgegengng4*s.'45 J-J
P O O A St L oon gu g 4*s-
ib'i" i'0'3*
95
'••HI Hill
• •
It
tilt
Aue'00
106* Aug'00
••••• ttttts
iStP.
PaoOoastOo— 1st g6t.l940 J-D 108* 109*
105* 107*
109* Sep. '97
101* J'ne'00
103*..... 104* Peb.'99
1089J
108* Aug'00
102*
108* J'ly '00
96* Sale
B6«
96*
94
95*
96
96
SHHS OOl
.
103*
95
96
109
IIIH
aoof Missouri. Bss Mo Pao
Panama istsf g 4*s....l9l7
Sf subsidy a; if
1910
PennOo— Gn lstg 4*s. 1921
RegUtered
1921
Gtd3*sool trust reg. 1937
108* 118
BtL A P lstoong 5s. 1932
108*111
Registered..
1932
108 111*
CJey A Pittt eon 1 1 7s 1 90
110 110
Gengng4*sser'sA1942
103* 108
108* Aug'00
105
105
105
75
110
95
75
"•-
•
t
Deo '99
108* J'ly
A-0
J-J
Ml 100* 100k Ore Ry A NaT See Un Pao
16 104* 109
Ore RR A NaT See On Pao
Mill MMM Ore Short Line See Un Pao
Oswego A Rome. Bss NY
Mill •••••
Deo '99
lllll
General gold 5s...
1937
Om A StL lstg 4s
1901
Ore A Oal. Bts Bo Pao Oo.
189
138
100* J'ly'00
tet
110
109
l.
Ask. Low. High No. Low. Hio*
107 '.08% Aug'00
104* 108*
105 May'00
108* 105
IndAW. SisOOOAStL.
108*
1903 J-J 108* 109
1997 J-J 109*
,
106
o. RlrerRR 1st g 5s 193 A J-D
hlo
J -J
Reentered.
1997 J-J
Debenture 5iof .1884-1904 M-H
RegUtered .... 1884-1904 M-B
Re* deb 5» of... 1889-1904 M-8
Debenture git.. 1890-1905 J-D
RegUtered
1800-1905 J-D
Debtoertiextg 4I....1905 YI-N
Registered
1905 u-n
Lake Shore OOl g S*s. 1998 f-a
RegUtered
1998 F-A
Mloh Cent ooll g 8*s..l998 F-A
RegUtered
1998 F-A
Beeoh Ork lit gu g 4i. 1986 J-J
RegUtered
1938 J-J
2d gu gold 5i
1936 J-J
RegUtered
1936 J-J
Cart A Ad lit gu g ti. 1981 J-D
Clearfield Bittun Coal Oorp
lstsflntgug4sserA.'40 J -J
Small bondi series B. .'40 J -J
Gout A ->swe litgu g5i.'42 J-D
Mob. A Mai 1st gu gli.1991 M-8
N J Juno R gu lit 4i 1986 F-A
Registered
1988 F-A
New
Impmnt A ext
77* 84*
•«••••
•tilts
A. -01
lit 7i.. 1903
100
109* 113*
110 110*
44
8hNT Cent.
Cent A HR
RegUtered
G8*s...
NY
Bid.
A-O
A-O
.
112*113
SmNYNHAH
KewAOlnBdge. Sss PennOc
NOANBprlorlleng6s.l915
N Y Bkln A Man Bh. Bee L I.
1905
1905
1st 6s...,
98" *94"
105* 106*
Mo hawk A Mai. SmNYOAH
Monongahela R1t. Bss B A O
Mont Cent. SuStPMAM.
Morgan'! La A T. Bee S P Oo.
Morris A Essex. Sm Del LAW
NashOhatA8tLlst7s.'13 J-J
NYANBlst7s
Stills
ttlltt
8
J'ne'00
84*
Last
Sept. 7.
NTs North. 8*s N Y O A H.
N Y O A W Ref 1st g 4sl992 M-SII
110*110*
98
106* Aug'00
.1931 J -J
Small oertfs*100
Housatonlo R oon g 5s. 1937
N H A Derby oon 5s. ..1918
101*
90 " "98*
130* J'ly'00
fc9
Week's
Range or
NYNHAHartlstreg4s.'03 J-D
Oonrert deb oerti f 1,000
A-0 •190
94
••
126
F-A
5s. 1947
LA Cairo gu g 4i
10
'
Price
FridaVi
NY LB AW. See Brio.
NYANB. Bss NYNHAH
Rlrer lstg 0s. ...1938
g 0s... 1934
N A
Ry lstoong 4s. 1990
RegUtered
1996
Small
1996
OOATls gug5s....l922
Solo VAN B Istgug4l.l989
North Illinois. SssOhlANW.
North Ohio. Bu L Brie AW.
Northern Paolno—
Prior Hen r A 1 g g 4i. .1997
Registered
1997
General lien g 8s
3047
5
J
1938
General gold 4i
95*
100* 100*
112* Apr '00
113
1937
SwBrle.
n Y Tex AM. Bu So Pao Oo.
116* Nor A South lstg 5s.... 1941
88 114*131* Norf A West— Gen g Os.1931
tttlt*
Mil
94 J'ne'00
78* 79* 79*
lstg 4S.1937
483
3.
NY8AW.
Mm MM
•
98
109*
113*
tl
L
NTs Green w Lake.
90
108
118
•
extennon gold 6i.l927
MontgomDlT lstg
St
••••••
• * t
St
Regis 16,000 only... 1992
93*
93* 98* NYAPnt. SssNYOAH.
N Y A R B. Bts Long IsL
70
83
J
D
Mob Jack A K C 1st g 5s. 1946
Mob & uniu new gold bs..'27 J-D
lit
95* 95*
95
•«•••• stint
Y OhU A
Registered
198*
182*
••MM
•MM Mint
90
88
1
Trust g 5i
*
161
88* 98*
65
70*
89
95*
41
'I
High
99*
93
t I t
•
I I t I I
I.
Page
(5 pages)
Sm Brie
STAHar. SMNYOAHud.
138 138
N Y Laok AW. 8m D L A W
111*118*
•
May'00
114* Aug'00
188
eom gold
PKIOES
•
I
S'e
BONDS.
b S
N. Y. STOCK EXCHANGE I!
Week Ending Sept. 7. ^0h
since
_ o
Last Sale.
19S4
Si
and refund, is. ...1949
Mln *8t LgU. S«lBOR4N
M * P lit di it 4i int gu..'86
M 88 YJAA lit g 4i lnt gu.'26
lit
lit
1
2
. ..
.
i
Pitts
Id guar 8s
•
•
.
.
.
.
•
•
MM ••MM
••••I
MMM
SHIM
•Still
. .
.
• . .
•
t s 1 1 s t
•
I t
•
I •
'
•
•
* *
•
No prloe Friday
j
these are latest bid and asked thu week,
OUT8IDE SECURITIES (Given
Teles;. Ac
Goia <* Btook
T*le»h.
Bid.
10
Bonds
Ask.
118
90
Hudson Rlrer Telephone 117
Inter nation Ocean.......
Mexican Telegraph
Mexican Telephone— Sm
New Bng Telep— See Bost
Northwestern Telegraph.
116
315
"
1*20
118
335
Bosto nllst.
on list
183
187
J Telephone...
156
165
N1980
"...MAN 111 113
faelfitA AUantlo.......
90
IProTidenoe Telephone.
11
southern A AUantlo
96 100
NY AN
.
MM! •>•**••
99* 101
•93 101*
*•!••• HIM*
88
90*
87* 87*
•
•
•
•
*
118* i 16*
t
Due
Jan.
*
Dne July.
|
Due June.
I
Due May.
at foot ov 7 consecutive pages)
Bid. Ask.
Teles;. dV Teleeh
Teleg Telep A Cable— See PhUa list.
West'n Union Teleg— N Y Btook Bxoh
Electric Coms>anlea.
Allegheny Oo Light Co...
Brush Bleotrio Co
Consol Bleotrio Storage.
Dm Not
a These are option sale*.
-TBL., ELEG.,
FERRY
Electric Companies. Bid.
Ferry Oc »»"!»*.
General Bleotrio vo—ti Y Stock Bxoh
irerry Uompanlea.
Do pref.— Sm Boston L 1st.
Brooklyn Ferry-Stook
Hartford (Ct) Bleo Lt Co. 185
Bonds 6s—See Stock Bx
ttt'
Mo Bdlson Bleotrio...,,,. 17
19
Metropolitan Ferry— 5s..
Do preferred.
N F A N J Fern—Btook..
58
68
JAJ
Narragan. (Ptot)BI Co.50 t 98
1st 6s 1940
Rhode Island Bleo ProCo. 119
N Y A B B FerTT-StOOk.
1983. MAN
United Bleotrio of NJ...
Bonds 5s of
19
16
4s 1989
73* Hjboken—Stook ..,,..,..
United Eleo LtAP Co pref SMBal to lilt
1st 6s
4*j 1989-SMBalto 11 St.
Oon. os
••••1UV"
Ask.
•
165
170
48
41
30
IS
14
Bddy Bleotrio Mfg C0..35 t 9
Bdlson Bl HI Co NY— N Y Btook Bxoh
Bdlson Bl Ul Co Brk— N Y Btook Bxoh
11
Bdlson Ore Milling Oo....
9
Blectro- Pneumatic Trans
3* 8
Fort Wayne Hleo. Co.. 35 • tint ••••••
OSflOB A. h • t a it ••••••• • •
1
88
48
Woonsooket (R
I)
Bl Co..
•4* 190*
86
88*
iAno
interest.
tPrioe
<§<*
A
.
.
THE CHRONICLE -BOND
48<t
Bio Gr Juno lit gu g 51.1939
19*0
Bio Or So litg 4s
1940
Guaranteed
See
BRA
since
Jan.
78
BONDS.
1.
Series
92% 98
P.
Borne Wat. A Og See NY Cent,
Salt Lake 01 it g if 6i. .1913 _
tJo&GIlltg 3-4I...1947 J -J
L 4 Cai. 8m Mob 4 Ohio.
L 4 Iron Mount. Sec M P.
L K O 4 N. Sm Wabaih.
Li M Br. See T KB A of 8tl
Bt
Bt
St
Series
85
81
85
85
112%
Not'99
1 12% Aug'00
113* ....
112% Aug'00
•181^ 122% 121*4 Aug'00
lu8*
118%
ii8%
121% 125
106 113%
108% 104
111
in*
108S4
...,
108?4
...
104
Apr '00
80
100%
100
"96% 93
105
Aug'00
•103
3
r
.
J'ue'00
J'ly *00
1933
Beglitered
1933
Beduoedtogold4%s 1933
Beglitered
1933
Dakota ext gold 6i... .1910
Mont Hit 1st gold 4s 1 9 87
Beglitered
1937
137*4 Feb '99
118%
.
4SF lit g
1938
See Nor Pao
128
131
116
117
••••
i
108% 108%
Apr '00
120
•
Apr "99
128
128
129% 134%
131
Apr '97
Aug'00
•e ••• ••*•»<
Brum A Wlsigug 41.1938 J -J
8 Oca & G ^u g 4s 1918 J-J
Scioto Val4N M. SseNor 4 W
Beab 4 Boa 1st 5s
1926
SI
83
118
102% 105
125% 126%
J'ne'00
May'00
85
85
A4N W
Sale
78%
97
98%
9814
Sale
F-A
F-
•
78
20
98%
105%
J'ly '00
105
Aug'00
111
112
81
134
..
May'00
Aug'00
111
9>%
20
109
Aug'00
Aug'00
Nov'99
120% Feb '00
J
-J 102%
81
98% 99
80%
114%
78
110
109
Aug'00
110% Aug'00
111% Aug'00
105%
107%
116
J'ly '00
Jan. '00
1C7W
Aug'00
no
,
oon g 5s
1994 -J
08% Sale
Registered
1994
-J •108%
Mem DlT lstg 4-4%-5sl996 -J
Beglitered
.,..1996
-J ftftCft* •••••
AlaCen B litg 6s... .1918 J-J ••••ft •••••
Ati A Tad lstg gu 4S.1949 A-O
!•••• ••••*
ColAGreenT 1st 5-6s.l916 J -J
DiTg 6s. 1930 J-J 116 117%
Oon 1st g5s
1966 M-N 117
B Ten reor lien g 4-5S.1938 M-8 110
Beglitered
1938 M-8
GaPaoRy 1st g 6s.. ..1928 J-J 133* 193
J -J
Knoi 4 Ohio 1st g 6s. 1925 J- J 120 122*
J-J
- J
Bloh 4 Dauooug 8s. .1915 J -J 181
.....
Bqulp sink fund g 6s. 1909 M- 8
M-H 99 101
Deb 5s stamped
1927 A-0,*U 8
!08v*
Bo Oar 4 Qa lstg 6s.. 1919 M-Nl 105 105%
lTYasQt
Hid
78
1st mort 5s 1919... J4D $105
Uaion Ferry—8took...
83
1st 5s 1930
M4N
«
96%
Ask.
88
108
84
98
Miscellnneoua.
4 Con 6s 1903 100 109
Amalg. Copper— See Bost on Lis t.
Acker, Mer
Am Agrioul Chem— See
ti
Amer Bank Note Co... 60
Amer Bicycle—Com
Preferred..
Bonds 5s
MAS
i
t
s to n
48
6
88
72
Lilt
61
7%
80
105%
109%
ne%
••••
•(••
27
101
104%
108%
26
Aug'00
109% Apr'00
a5
113%
107% 108%
108% 109%
108%
108
•
* .
i
106
118% Aug'9'
116" Jan.v00
•••••I •••|t
•••••I •••*
May'00
116% Aug'00
-J
88
99
111%
114
120
108% 118
Aug'00
1
Sale
88
4m A«g.
Miscellaneous. Par
Amer Graphophoue..
J-J
no
100% 104%
125% 180
110* 116%
106
106
IS
118%
98%
4
31
104
94%
48%
83
44
80
108
91
113
110
191%
98%
109% 118
44
68% 95%
38* 85
12
107
Aug'00
HO
114
11
«9H 110
98% 106
84% 89%
51
87
95
103
99%
101% 106%
Not'99
98
99%
92%
93%
98
104
97
97%
J'ne'00
95
109
MaV'98
••••• •••••<
*•••• ••••••
• •••• ••••••
i'l'7"
Aug'00
Aug'00
116% 110%
118% 113%
96
ft
181
•
s • • « • •
136
«••••
ttmt
198
IBS
••••••
•••••
•••••'
132%
188
185%
•••••
•••I
•••••
J'iy'OO
•••••«
138%
"97%
95% 98%
98%
ibe"
Oot.'99
112
• 1 • • 1 •
••••••
•••••• ••••••
*••••• ••••••
Oot,''99
109
Aug'00
HI
116
!••••• ••••«*
117%ltB%
122% Ang'00
109* Deo '99
••••••
99
••••• ••••••
••••• ••*•••
«•••• •••••«
••••••
Dae '97
,
••••••
••••••
91% OOU'98
•••••I ••••••
116
116
114
118
94
ChGLACCo. SmPG4CCo
*
94
DetGasCooonlstg5s..l918 FHd HI 111 Bkn. See K Co EL4P
Kl
111.
SeeNTG4BLH4P
Due July.
I
Due Maxell.
1
94
94
100
99% Not'99
M-8 118%
118%
J-D
104% 108
J-D
120
116%
F-A
A-O
Due Jan.
Alk.
78%
,,
Bid.
86
69
80
60
vmerioan Surety
\mer 8trawboard....l00
10%
11
K
Miscellaneous.
10
1154
15
"ii"
100
85
8
• •
..
R
.<
FAA
Woolen—Com
m Typef o'n—Stock. 100
18% Amer.
80
80
250 1800
Shipbuilding ..100
Preferred
loo
Am Soda Foun—Com. 100
lit preferred
loo
Id preferred
loo
Par,
Bond! 6i
\
..
Preferred
io
Amer M otoscope
Amer Press Assoo'n.. 100
American Screw
103% 105%
110
IV
Jan.'99
Bale
108
110
116
99
I
Dae Not.
49%
10%
Preferred
Mner Wringer oom...l00
Pref
Amer. Writing Paper.
Preferred
6s. >•••••••••• •••*•
Asphalt of Amer. Sm
P
Bid.
170
80%
100
65
18%
69
107
118
9
14
69
Ask.
1K5
81%
IS
70
Preferred
Bid
100
100
13
16
99
98
.
A Mort
50
Guar... 100
Columbia Copper
kjellulold Co
100
Jent Flrew'rks—Com. 100
Brltlih
4
19
71%
hlla.ll St.
100
Preferred
i And
Interest,
i
AH
Par.
A Bng Br lit 6i.
Company— Com.. 50
Preferred
^ond
110%
180%
MISGELU8
dt
Miscellaneous.
Barney* Sm Car
6'ois
109
13
Aug'00
Aug'00
Bergn
60
115% 118%
118%
a These are option sales.
(Oiybn at foot of 7 oonseoutivh pagbs).— FBRRY
Preferred
65 101% 106%
'*2
88%
W
R<i
Bonds
American Ginning
130%
107
Jan.'9H
Market BtO Ry lstg 6s.l913 J -J
Het St Ry gen tr g Ss. 1997 F-A 117% 117%
Bway47thATlstog 5s.l943 J-D
Registered
1943 J-D
Ool49thAT lstgu gSs.1983 M-S 122%
Registered ......... .1993 M-S •*>•••! •••••
Lex At APF lstgu g5s.'9S M-S 121
Registered
M-S >••••« inn
Met WSE1 (Chic) lstg.4s. 1938 F-A 98% Bale
beglstered
1938 F-A •••••• •••••
411 al Ry4 L 30-yr g 5s. 1926 *-A
•••••• •••••
41nn St By 1st oon g 6s. 19
J -J
it Paul City Cab. og 6s. 1937 J-J
113 115
Guaranteed gold 5s... 193 J-J
Third At 1st gold 5s .... 1 937 J-J 192% ....
On HI (Ohio) 1st g5s....l945 A-O •109% 111%
Chic 8t40-yrlstour6s.'28 M-N •••••• •••••
40-year oon g 5s
1936 M-N •••••• •••«••
GAB A BLBCTRIC LIGHT BON DB.
Atlanta G L Oo 1st g 5s. 1 947 J-D ••••*• ••*•••
Boi U Gal tr otl • 1 fg5i..'S9 J-J >»«•» ••••••
Bklyn U Gas 1st oon g 5s.. '45 M-N 115
119% 184% HqGaiLN Ylltoong5s.. 82
118 124
Bq G 4 Fuel. See P G 4 C Co.
119 126
Uas&ElecBergCoc ng 5o'1h
101
101% Gen Bleo Co deb g 5s... 1982
104 109% Gr rtapGLCo lstg 5s.. 1915
109 100
JC«" Gas Co 1st a 5»1922
108
Aug'00
t
90
84
.
180% Aug'00
130* J'ly '00
101% J'ly '00
108
106
113
114
109
106
Bale
•••••• •••••
••••«• ••••
*••••• •••••
"•hi ••••) Columbus Gas 1st g 5s .1932 J-J
115
115
Con Gas Oo. SmPG4 00o.
Detroit City Gas g 5s. ... 1 983 J
Jl'y '00
ia'l'%
118
103
9S%
93%
82% J'ly "00
92%
114% 117
117
American Chicle Co
Amer
112
119
*•••••
•••«••
• •••••
lie" Deo '98
106K Not'97
102% 102%
Friday; latest bid and asked this week,
OUT8IPE 8ECURITIE8
110
no%no%
111%
117%
105%
104%
69
78
110
181%
130
Sale
Sale
.
10
119
J
Den Con Tr Co litg 5s. .1983 A-0
Den Tram Co oon g 6s. 19 10 J -J
MetRyCo lstgu g 6s. 1911 J -J
87
120% 120% Louis Ry Co lstoon g 6s. 1930
111
114%
84%
104% 107
Aug'00
85% 84%
85%
M-S
BkQCo48oongug5s. .'41 M-N
Bklyn Un El Istg4-5sl950 F-A
111% City 4 8 Ry Bait lstg Si 1922 J-D
111% 113
98% Aug'00
75%
75%
1
110
105
Aug'Ofl
111
Sale
lit
ferry Companln.
loth 4 33d 8ts Ferry...
•
Wheel Dlr 1st gold 5s.l928 J-J
Bxten 4 Imp gold 5s. 193C K- 4
85%
ftftl ft*
106
ua
58
105
105
95
Sm Southern
8TRBKT RAILWAT BON D8.
110%
104% 106% Bklyn BapTrg5s
1945 A-O 102% 104
Atl At Bklyn imp g 5sl934 J -J
98% 102%
100 110
Bk City lstoon 5s.l916.'41 J-J
100
117
110%
ill
J'ly "00
110
«
No price
W
Wash 04 W.
1st con 4g
99%
1949
97% 100% Wilkes 4 Bast. Sm Brie
Wll 4 Sioux F. Sm St P M 4 M
99% 99%
81
86% Winona 4 St P. Sm04NW
57
a
112
'
lstg5sDet40fcHxt..l941
Des Moin DlT Istg4s.l93v
StOhas Bridge lstg 6s. 1 90S
Warren BB. Sm Del L 4
Wash Cent See Nor Pao
WlsCent50-yr lstgen4s..'4£
110
105
ftftftft«i
•
1939
1939
Debenture series A.. .. 1939
Series B
1939
96
B0
106
M-N 117 117% 117% 119%
F-A 108 Sale 101% 102
92* J'ne'00
J-J 88
33%
J-J S3 Sale 32%
109% Aug'00
J-J 110
90
91
Apr'00
J -J
111
May'00
A-O 111%
IstgSs
.
96%
98*
98%
99% J'ne'00
81%
82
"81% "82%
J-Dt
J-Dt
.
1943
4s. ..1990
OnlNJRR4CCo. Sm Pa RB.
Central. See Rio G W
Otah 4 North. Set Un Pac.
UtloaABlaokR. 8*4 NY Cent
\7 er Val Ind 4 W. See Mo P.
lrglnla Mid. Sm South Ry.
Not*99
85
J-.l
136
HI
105
113% 118
100
Sale
90
83
Wheel'g4LB lstg 5s. 1926 A-O 112% 114
78%
1
Aug'00
ill
W VaCent4P lstg 8s. 1911 J-J
78%
F-A
J-D "... 108
Mex4Pao lstg....Ss'31 M-N 98% Bale
«Mla V G4N 1 st gn g 6s 1 924 M-N 103% 106
HousE&WTlstg 58.1933 M-N 104
1st gug 5s
1933 M-N 100 104
H4TO ist. g 5s lnt gu.1937 J-J 110% 111
Uong6slntgtd
1912 A-O 113
Geng4s lntgtd
1921 A-0 •••••• OO
Morgan'iLa4T ist7sl918 A-0 •••••* «•«»•
litg6s....
1930 J -J 119%
NT T 4 Mexgu lstg 4s. '12 A-O
NoofCallstgug6s...l907 J-J ••••ft
Guaranteed gold 5s..l938 A-O ••••••
Ore ACal lstgtdg 5s. 1927 J-J
8 A 4 A Pass 1st gu g 4s. '43 J -J
75% 76
BoPof Argu lstg 6s.'09-10 J -J •110
BPof Cat lstg 6s. .1905 A-0 •110%
1st gold 6sser B..1905 A-O •110%
1st gold 6s
1906 A-O •11S%,
1st gold 6s
1912 A-0
1st oon guar g 5s.. 1987 M-N
Stamped
1905-87 M-N 107H Sale
BPacof N Mex lstg 8s. '11 J -J •'15%
P Coast 1st gu g 4s.. 1937 J-J • 80
Tex AN O 1st 7s
1905 F-A
BablnedlT 1st g 6s.. 1912 M-S
Oon g5s
Southern—
1935
gu g
Istg5s.l987 J
121%
Geng3-4s
1943 A-0
93%
Inoome 5s. ...April, 1943 Not
32%
West No Oar. Sm South By.
West Shore. Sm NT Cent
WVa4Pltts. See B 4 0.
J-J
J-Dt
J-Dt
114% 114%
Jan.'00
55% Aug'00
'
. .
J'iae'99
J'ly '00
111
116
,
WestNT4Pa
104% Feb.'98
4iMK*T
&G
118%
114%
105
113
114
114
113
1
112
Sll
Oar Cent 1st oon g 4s. 1949
Bber Shr 4 So.
All 8 Oca
SeeSavF&W
Bod Bay 4 So 1st g 6s. 1924
Bo Car 4 Ga. See Southern.
Southern Pacific CoGold 4s Cent Pao ooL.1949
Registered
1949
lstgu gSs... 1941
CPaolst lef gug4s...l949
Registered
1949
Mortguarg 3%i....l929
Registered
1929
Gal Bar 4 8 A 1st g 6s. 1910
8dg7
1905
1st
2d gold 5s
103
86
1934
fit John's DlT 1st e 4s.. 1934
Ala Mid lstgu g 5s.. .1928
117
87
'
Wabash
112 J'ne'00
126%Jan.'00
128 Deo '99
g 6|. 1934
J'ly '00
111%
111~
114% 119
100
J-D 100
J'ne'00
A-0 90
W lstgold 4S.1917 J-J 88
83
T8tL4K0 Istg6str.l916 J-D
130% J'ne'00
Tor Ham 4 Buff 1st g 4s. 1 946 J-D*
100
99 Aug'99
107 Aug'00
Ulster4 Del lstog5s.l928 J-D 107
n Pao— BB 4 gg 4sl947 J-J 105% Sale 106
1U5*
Registered
105% J'ne'00
1947 J-J
OreKy4NaTlstsf g 6sl909 J-J 109
110
1\0
Ore RB AN*t oon g 4s. 1946 J-D 102% Sale 102
102%
OreShortLlne Istg6sl922 F-A 126%
128% Aug'00
Ore 8b L— lstoon g 5s.l946 J -J 113s Sale 113*
..3%
Non-oum lno A 5s... 194*5 Sep.*
106 J'ne'00
Utah 4 Nor 1st 7s
121
131
1908 J-J
Mar'99
Gold 5s
102 May'97
1926 J-J
106% Not'99
A 4 A P. flu So Pao. Oo.
BFANPlstafg 5s... 1919
J'ly '00
J'ly '00
109
108
87
118% Dtah
117
• a t *
B
W lit oon
Jan.'99
108% Apr '00
Bt PA Nor Pac
BtP 48'xOlty.8M08tPM40
8 Ire Pies 4Phlitg5s.l942 M-H
Bar F 4
litgSi
118% 121%
102% 105
104
J-D
J-D
6I....1938
Aug'00
119
108% Aug'00
J-J
J-J
J-J
J-J
J-J
lit g 6a.. 1922
gug6i.... 1937
Beglitered
1937
lit guar gold 5i
1937
Beglitered
1937
lit
113% 116%
Aug'00
Aug'00
87
.
114% Aug'00
106%Mar'98
i'ii&i
M-N
J-D
J-D
1H litdlr litg5l...l&08 A-0
Regtstered
1908 A-0
NordlY lit g4i.... 1940 A-0
Registered
1940 A-0
A
Kan 4 M
117% 121
137
142% Tol Peo 4
117% J'ly '00
141% 187% Aug'00
. .
Beglitered
62%
85
til
110
117
93%
1935 J-J 111
53% 65% Tol40C IstgSs
WesfndlT lstg6s.,..1935 A-O 113
98
106
Jan. '99
M
ebo
General gold 5s
HO
lit eonioi gold 6i
Will
9m
»'% 90%
Q*H Sale 32%
Oot'99
...... .....
& N. See K 4 T
er
of St L lstg 4%s.' 39 A-O
1st oon gold 5s. .1894-19
1944 F-A
St LMBgeTergug5s.l930 A-O
Tex 4 N O. Sm So Pao Co.
Tex4P By H dlr lstg 6s. 1905 M-S
1st gold 5s
....2000 J- D
2d gold inc. 5s. Deo. .2000 Mob.
O0t.'97
1.
Ask Low. High. No. Low. High
111
111
90
Sunb 4 Lew— See Penn RR.
8yra Bing 4 N Y. 8««DT,4W.
84
98% 100
91
95
Jan.
117%
1936
1936
3pok Falls4Nor lstg 6s.l989
By 1st gn g 4%s.l94S
79
since
Sale.
109
Stat Isl
|
81%
Week's
103
M-N
M-N
W04Wlstoygu4s.l924 F-A
West NO Istoong6s.l9l4 J-J
4 N Ala. SmLAN.
110
...,
Uii«...,
.
MontC
5s
Small
Gtd stamped.
M-N
M-N
M-N
J -J
J-J
A-O
F-A
BtL4BFBBg4s....l998 J-J
Southw DlT lit g Si.1947 A-O
Cent DIt lit g 4i. 1929 A-0
Ft 84VBBdglltg 61.1910 A-0
Kansas Mid lit g 4i .1937 J-D
Bt L So. Bee Illlnoli Cent.
ItL BW lit g4ibdofi. 1989 M-N
2dg4ilno bond otfi.. 1989 J-JI
J-Jl
Gray'iPtTerlitgug5s*47 J-D
St Paul & Dul A * Nor Pac
Bt Paul M 4 Man 2d di.1909 A-O
Minn Union
E
Last
Range
Range or
A 6S.1906 M-8
1911 M-8
1916 M-S
1921 M-8
1031 M-8
1926 M-8
1926 M-8
1981 M-S
6s
Series F 5s
Gen 5s
Bt
Bt Louli 4 San Francisco
1 906
2d gold 6i Clasi A
1906
2d gold 6s 01 an B
1906
Sd gold 6s ClanO
General gold 6i
1931
1931
General gold Si
let truit gold Si
1987
6i PieroeO 4 0..1919
lit g
.
85
84
B
SerlesC 6s..
SerlesD 4-5s
Small
LXXI
[Vol.
Sept. 7.
Bid.
Southern— (Con)
Virginia Mid ser
4.
Price
Friday,
Wbbk Ending Sept. 7.
81
71
Page
(5 pagea)
N.T. BTOCK EXCHANGE
Low. High
Ask. Low. High.
105 Not'99
78
77% Aug'00
9d% 03 Aug'Ou
.
J-J
J-J
Range
Last Sale.
Sept. 7.
Bid.
Boon A Pltti.
Week's
Range or
Price
Friday,
BONDS.
T.Y. STOCK EXCHANGE
Wbbk Ending Sept. 7.
PRICES
Price p
63%
«3%
990
90
70
•••••«
805
>1%
11%
90
96
91
60
18
58
re.
d
5
3
9
9
..
.
Sept.
t
,
,
..
.,
.
THE CHRON10LE.-BOND
8, 1900.]
Price
Friday,
Week's
Kange
Mange or
finee
Sept. 7.
BOND8.
H. Y. 8TOCK EXCHANGE
Week Ending Be it. 7.
Last Sale.
••t*t
• »•••
•••It* a»t«f •
•
••••••
•»••••
•••••• ••••••
J.J •Ml
11 Bkn-litcon g 4i.|89
1»*° A-O MMM
litg Oi
••• A-O
•
Registered
19 O-F* •106 ....
UeOat-L Oo of StLlstg 5s 19 Q-F*
19
Hmell
_
Mut Fuel Gas Co See PeopGas
NYGBLHAP..g0s.l948 j-n 108 Sale
Hd Hi
•
Mii*i
MM
.»*••<
•
97* OcV99
111
•
May'99
m
M M
•••
>
Mean
107
107
}»« J-D
F-A
•
100
108
111
AI
lit
.
1902
.
F-A
101
101
ColCAIDevCogug5s..l909 J-J
1909
Coupons off.
Col Fuel Co gen gold 61.1919
gen s f g 5s. 1943
Col F A I Co
De Bardel C A 1. See T C A I.
Gr RtT Coal A C lit g 6i. 1919
Jeff A Olear OAI 1 st g 5s 1 92fl
58
M-N
F-A
A-O
103
98
105
Am
deb g 8i. .. 1900 Qu-F
1915
Extended 4*s
Oot
•
107
109*
107
105
103
103
109
103
100
ASCarCo litg6i
..1942
Grameroy Bug 1st g 6s.. 1938
1910
Non-oonr deben 5s.. .1913
Int'l Paper Co lit oon g 6s.' 18
Kntok Ioe (Chlo) Istg5s.l928
Nat StarchMfg Colstg6sl920
111 Steel Co deb 5s
Procter
A Gamb
1st g 6s. .'40
J-J
A-O
J -J
A-O
F-A
A-O
M-N
J-J
t • • «
•f
deb g
••
'••••
105
85
105
87
M-N lis" lit"
6s.' 1
100* 103*
58
W A W H litSi tr otfs.
Aug'00
78
:cs
••
J'ly'00
Bid.
!
3U
13
70
808
94
to
4s.
nkesebrough Mfg Co. 100
Chicago A Alton RR 3s..
ChlcAAl Ry 3*8
w.
l.)
Com stock (wh issued)
95*
105
67
105*' 100
8994 8994
Jan"o'6
'00
89H Feb
99 Jan.'99
70 Apr '97
87* 95
87*
84
24
67
9*
116*
118
102*
103
75
Aug'00
75
8194
71
*
Bid
Monongahela Rlrer
Coal. t
MAS
70
55
85
1922
ner'g-HaU-Mar(asit
lit 6i
110
106
Oi
Illinois
KleoVeh Trani.10
•
1
International Bleyat.100
Internat'l
Pump—Com.
18*
.
Preferred.
Internat SUver— See Stk.
Do
Do
do
do
Inter-State Oil
Don
SteamDuat.
•• 1901
I
is*
66
67
Kxoh. Hit
pref.
30
3b
bonds.
93
98
I
ibo
:;.j4j
ohn B Stetson—Com. 100
Preferred
lit-
ioo
Joumeay A Burnham.100
Preferred....,,.,,, ioo
Lanston Monotype..., 80
Lawyere' Surety
ioo
i*^7.««' Title Ini .... ioo
Lorlllard (P)— Pref.. .100
MadUon Sq. Garden— 100
2d 6i 1919
MAN
k arkeen Copper. ...„.."
1 ex Nat Construct'n, of
MlnneapoUi Brew lit?i.
08*
2*
40
95
00
Monongahela Water... 25
Moiler Safe Co
100
National Carbon
100
100
Preferred
Nat Enamel'g A Stamping
Preferred
Nat'I Gramophone. . .100
National Saw— Pref.. 100
National Salt
Preferred
,
National Surety
100
National Tube See NYStk
National Wall Paper. 100
N. B. Bleo. Veh.Trans..l0
N Y Loan A Imp..... .100
N Y Biscuit 6s 1911 .MAS
New Jer Zlno A Iron.. 100
N. Y. El. Veh. Transp. 100
N icholson File Co
50
Preferred
t
Ask
11
40*
40
100
16*
17*
79
81
20
79
20
110
3
SO
HX
90
160
100
MM.
30
19
100
170
108
7
to
Preferred....,
Bnssell A Brwln.
•»**#
ANJ
Tel gen g 5s oy. '20
118*
-j
8::
j
tttttl
O. 8.
US
GOV. SECURITIES.
>•*••!
MMM
ii's*
ii8*
104
109
101* 108*
Feb.'98
Oot.'99
112
NOT'99
109* lit*
105* 10694
109
U
U
S 5s ooupon
+ Prices are
108*
114*
115* 118* 1159i
13394 134* 13S*
STATE SECURITIES.
Alabama— Clasi A 4 to 5.190r> J-J
111
Hit.
70
3*
80
8
27
88
89
21*
2394
43*
24*
81*
183
18
05
450
310
93
89*
77*
66*
110
lit
135
138
525
537
196
125
23
80
118
140
144
800
540
300
Exoh
.
Preferred
100
9d preferred
100
Singer Mfg Co
100
Standard Oil of N J.. 100
Stand Und'rg'd Cable. 100
Sloss-Sheffleld See Stock
Southern Cotton Oil. . .50
StandardCoupler.oom. . .
Preferred
Stat Isl R T 1st 6s' 13 A AG
-
JAJ
Stlllw-Bierce
A 8m-V.100
t
list.
53*
40
123
107
95
00
13
101
Storage Power.....
Swift A Co
100
1st 5s 1910-1914... JAJ 1102
Susq Coal 6s 1911.... j *,.' 113
Texas A Paoino Coal. 100 70
AAO
40
•
M
•
60
10
101*
104
130
87*
>!U7* •**»»
lit 8i 1908
410
Title Guar A Trust... 100 390
Trenton Pott—Com.. 100
Preferred.....
100
»*
Unlcn Copper
Union Steel A Chain.
8
50
00
7
60
60
8*
..,
102
10S*
Apr '00
121
121
121
108
107
109* Feb. '99
104
106* J'ne'00
Registered
«s deferred oertfg
Due April.
|
106* 108*
Aug'00
106* 106*
•187*...,. 128 Feb.'98
120
Mar'00
115 118
95
95* 90 Aug'00
» 90
96%.''ne'00
Small
I
103*
'.08
19U
108* 116*
8ep.'98
102*
123
So Carolina— 4*s 20-40. 193S
97*
696
109* J'ly'00
Aug'98
105
108
10894
Small
hen issued.'
to the pound.
109*
Missouri— Funding. ..1894-95
Nortn Car— Consol4i... 191(
112*118*
112* lie"
97*
697*
108*
small. •••••*•••#;•••• •• •••••«
Class B 5s
.1906
Class C 4s
1906
Currency funding 4s,..192C
Diit of Columbia— 3*65i.l924
Louisiana— New oon 4s., 19 14
Small
6i
118*
13291 187V
18194 1379
J'ly'00
U3*
b 97* Sale
basis of live dollars
the
nr
114
6 114
15
134
Bale 134
134
11294
113* 113*
11294 113* 113* Aug'00
sted Departm ent " for bond
FOR'GN GOV. SECURITIES.
U 8 of Mexico f g 5s of 1899 Q-J
on
108*1111
115*
110
11494 Bain
lOSS/ 112
10894 112*
23
J'ne'00
11494
109
,.1904
made in the"
b These are prices
103*105
104* 104* 104 May'00
103* 104*
109
110
109* Aug'00
106% Sale 109* 10994
•
U
U
U
U
U
U
U
112
(For daily recor/l see seventh va oe p rece&int.)
2s 30-year refundlngt....
8 2s 30-year registered t
1918
S 3s registered...
1918
S 3s coupon
S 3s reg small bonds. 19 18
8 3i oou small bonds. 1918
1907
S 4i registered
1907
S 4s coupon
1925
8 4i registered
1925
S 4s coupon
1904
8 5s registered
U
U
•«!«
•••i
J-J
..'04
.
»
Feb'O'?
J'ly'00
101* May'00
j-j
M-N
M-N
i
89*
120
9
91
80
8994 Aug'00
120
94
96
9:
MM
t * t * I
,
7* "a*
6*
»ug'bo
•_•
10
Bonds dne January. 1 Due August. aTheie are option salet.
Mleoellaneoue. Par
Union Steel & Uham pref
Union Switoh A Signal. 50
Preferred
50
Union Typewr— Com. 100
lit preferred... ..,.100
3d preferred
U. 8. Cast Iron Pipe
Preferred
100
Bid.
A»
25
SO
44
48*
t
t
.
Par. Bld._ Ask.
00
48
8 Envelope Com..iOu
88
100
86
Pref
U 8 Glass—Common. .100 33
100 106* M M
Preferred
4
3
Va- Coal Don & Coke.100
34
MAS 81
0a 1949
Westingh Air Brake. .50 U81* 188
118
Worthing. Pump, pfd.100 108
Miscellaneous
—
V
70
72*
27* 99
109
118
111
122
t
894
•
.
32
27
& MISOELL'8.
41*
25
Trow Dlreotory-New.100
no
if
87
Safety Car Heat A Lt.100
Seaooast Packing Co
Preferred
8
Ill*
s
Banks.
180
29
77
Rubber Goods Mfg
2d 5s 1926
100
130
••MM
•••••I
••••••
No Westn Teleg. SeeWeit.Un.
West Onion— Col tr our 5s.'38 J -J 109 110 HO* Aug'00
Fd and real est g 4*.. 1950 M-N 1C6* 10694 106*4 Aug'00
Mut Un Tell fd 6s. ..191 M-N
109 May'00
Due May.
Simmons H'rdw-Com.lOC
10
30
p'd).
Preferred (asst p'd) 100
Hoboken Land A lmp't
Met T A Tilt if g 5s... 1918
Mut On Tel Oo. See Wn Un.
84
10*
40*
.
40
.
...... . ...»
«...••
...... ...... 101
(Given at foot of 7 consecutive pages).—BANKS
.
Preferred
Heok-Jones-J Mlll-Pf.lOO
Oaole Co lit g 4s. . 2397
2397
Registered
,
Erie I'ATooltrgif 5i...l926
87fc
ALB
45*
TELE. A TELEPH. BONDS.
105
102
.
9
111
19
tO
•••• •••••
Oof 99
90
J-D
J-J
M-8
Tenn—New iettlem't 3i. 191S
28
10
*e
Prof (when issued)..
74
60
70
Olafiln (H B)-lst prei.100 101
108
10
.
100 101
103
Id preferred
Common— See St. Ex. list
33*
80
Col A Hock C< al A I, ft d.
40
65
litg 5s 1917
JAJ
80
90
150
Gonsoltd Car Heatlng.100
ixoh.
00
60
Oonjol Flrew'ki-Com.100
10
10
82
Preferred
10C
00
60
3
t
Oonsol Rubber Tire. ...
70
7
Pr«f
S3
37
118*
Corbln Cabinet Look. 100 225
Corbln (P. A F.) Co... .20 t 80
7*
70
Cramps' 8h A En Bldg.100
78
t 62
Diamond Match Co ... 1 00 12294 128* Otis Elevator— Com
26*
Diitill. Co. of America.
4*
Preferred
86s
Pref
19*
^Peck, Stow A Wiloox..25 t 27*
Eleotric Boat......
20
Pennsylvania Coal
50 410
8?» 85
Preferred
Pitts Bess
00 t 21
Kleotric Vehicle
17
22
Pittaburg Brewing
00 t 23*
Preferred
00
Preferred ..,,,
50 t 48
Empire Steel
8
11
Pittsburg Coal.
84*
100
Preferred
35
Preferred
100
81*
B.-le A Weitern Trans. 00 t 00
Pitts Plate Glau
100 162*
Fidelity A Dep (Bait).. 00
Planteri' Compress . 100
17*
General Carriage
8
AM Pratt A Whitn— Pref 100
General Chemical. ....100
09
60
Procter A Gamble.... 100 425
Preferred.
100
90
98
Preferred
100 202
Gorham Mfg Co-Com.100 110
1st 6s— See Stook Exoh. list.
Preferred
100 120
91*
RoyBakPowpf
Havana Commercial
PropColstg4*i5-20yr'17
Yuba Wat Co oon g 6s.. '23
Wat Worki lit 6i.'06
Vermont Mar lit a f 5s. IB 10
10494 103
An
40
17
80
360
90
107*
105
118
113
113
110
100
109
32
100* 104
"68" "80"
"
A.ug'00
M
8 1»<
75
"si* "id
118" NoV'98
«..«•• ......
Virginia fund debt 2-3i. 1991
OUT8IDE 8ECURITIE8
'
103
102
103
105
101
32
'Mo pnoe Friday; theie are latest bid and aiked thli week, t Due July
Hlaeellaneoue. Par
Okateaugay Ore A Ir 6i 1
Chei A O Grain El— Inc.
58
103
90
UK
10
"si"
110
1
105
105* 105
92* 93 Aug'00
104* May'00
113* J'ly '99
67 Aug'00
11* 10*
MI8CMLLANHOU8 BON D8.
Adams Bx—Col trg 4i.l948 M-8 102*
mDk A Imp 5i. See Cen N J
BklnFerryCo lstepng5s'48 F-A
k'n
'90'
•
A
Cnpples Station
Northwestern Tel 7i.
Aug'00
87
10l*
Stan Rope AT Iitg6i.l946 F-A
1946
Income g 5s
USEnvelColstsfg6sl918 J-JH
B LeathCo
105* 105*
Jan.'OO
102
70
100
•••*•
Bale
*••«•
1.
Low HioA
Ask. Low. TTigK
o eat 110
Aug'00
.«•»«»
1910
Com
Feb '00
Aug'00
•MM 101*
L Ter
107
103* 106
120* 127
Jan.'00
32
Oil
lintt
Jan.
Iron Steamboat Co 6i... 1901
Mad Sq Gard 1st gOs... 1919
8
Aug'00
Feb '00
101
Am spirit* Mig Istg6«..i915 M-8
Am Thread lit ool tst 4i 1 91 J -J
Bar
105
106
105
105.%
101
Jiang*
••• m
•
8p Val
107
De Bar C A I Co gu g 6i.*10 F-A
Wh L H A P C Oo 1 «t a 5i.'1 J-J
MAN'F'G A INDUSTRIAL.
Last Sale.
MAM Id gr 3*i 8 A.1911 A-O 81
Haak Wat Reor lit g 5i. 1926 J-J •mm
Held B Oo lit f g 6S...193! M-8 107
St
95*Jan.'97
May'97
80 May'97
J-D
1926 J-D
SdgSi
pnr m 5sl946 M-N
RoehA Pit CA I
Bun Ck Coal 1st g s f 6S..1912 J-D
TennCoalTDlvlstg6sl917 A-Oli
Blrm DlT lit oon 6i. 1917 J-J
Can C M Co lit gu g 6s..'82 J-D
Sept. 7.
Det
5s
485
5.
WeeKs
Range or
Bid.
HoiokenLAIg
.
.
.
,
Price
Friday,
3 "8
Chlo Jo A St Yd OOl g Si.1915 J.J
Non-oum Ino 5s .... 1 907 ;-j
110
11794 120
•
oon g 8s.
i
Page
(5 pages)
BOND8.
N. Y. STOCK EXCHANGE
Week Ending Sept. 7.
108
1
Col C
..
..
1
M-8 108* 109
HP* J'ly'00
180
„ J.J 118
lit OOti »
IM-i
Pat ersor 4PQ4Bg5i.l 949
V
PeoGasAOlstgug6i..l904 M-N 104 106 i'07" J'l'y 00
104 Aug'00
1904 J-D 104
9dgtdg8.
180* Aug'00
1943 A-O 110
lstoonsolgBs
106 Deo '98
1947 M-S
Refunding gOs
.194* M-S
Begistered
'00
Ch G-LAOke lstgug 5i 37 J-J 107*108* 107 J'ly
....
Con G Oo of Oh 1 »tgn g 5i' 36 J-D 103 105 105 J'ly'00
103 May'00
BqG A FCh litgug6i.'05 J-J
105 Aug'00
105
947
Mu Fuel Gas 1 st gu g 5. 1949. M-N
103 Deo '99
M-8
Trenton G A HI 1st e 5s.
•••• «•*••<
Utloa ELA P 1st if g 58.1950 J -J
106* J'ne'00
Westn Gai Oo ooi tr g 3»... 33 M-N
GOAL A IRON BONDS.
Cab Coal Mtn. SeeTCIARlearf Bit Coal. SeeNYCAH
rts.
PKIOES
M-N
J-J
M-N
ManBchHALgeng4s.l940 M-N
108* 110
News SAD D 5s. 990 J-Ji
Newpt Land litg 6i.l910 F-A
r AOnt
91
94*
3
99*
9894
109* Aug'00
99* 93
94 »
Purchase mon g 4s
J
Ed Kl 111 lit OOnT g OilOlO
. • • •
108
•••
it
•••«•* ••••••
•
••••••
•
• • • • • « •••••#
••
•
••• ••••••
* •
•••••
alii
•
Begistered
1.
Ask Low. High. No. Low High
Bid.
Kln^OoHl L*P«5i.....'87 A-O
A-O
Purchase mon ••
i'lSA
Jan.
,
3*
8
8
Brokers'
Bid.
Qu
Chase ........
Chatham
....
Chemical
Citizens'
Metropolis*.. 800
Mt Morrli*.. 180
*
Bid.
Ask.
otati
Qu
ni.
200
140
120
105
ISO
Atlantlo Tr. 200
Bankers' Tr.
20S
200
Bowl'gGreen 140
CtLRlty BAT 350
300
Sprague ....
36th Ward*
Union*
170
Wailabout*,
120
360
19th Ward*.. 100
80
Ninth
North Amer. 300
345
Oriental*....
Park
Peoples'*
....
Phenix
Plata*
,
Prod Exoh*
275
Republic
..,
Riverside*..
• •
I
Union
West
Sq*....
Side*.
Western
%
t
188
130
100
470
120
325
210
290
600
State of NY* 128
12th Ward*.. 100
23d Ward*.. 100
160
170
YorkvUle*..
N. Y. CITY.
• « • *
160
400
320
Seaboard .
Second .....
180
Seventh
Shoe A Le'th 100
300
8tate*
.
3900
* •
Trust Cos.
..
-
90
•
101
Pacific*
325
375
110
320
430
-
M
• •
I
»
|
180
330
Farm Ln ATr 1375 1435
Ave Tr 425
Guaranty Tr S25
Fifth
• •
••
i
420
028*
l80
Manhattan
.
US
•
MortonTrust
N Y L I A Tr
N Y Sec A Tr
North Amer.
•••<
•
.
•*•
220
100
200
130
180
Mechanlos*
.
190
Meoh A Tra*. 270
Merohants'.
Naiiau ......
Nat City
North Side*..
100
285
260
195
Scherm'rb'n* 150
17th Ward*. 110
People's*
t Priosj par ihara,
.
(*)
Mtttt
475
•MMC
1490
•
MM
t
200
USMtgATr. 400
BR'KLYN.
MM
170
200
105
160O
Washington
MIM
• t i
470
Unit. States.. 1800
85
110
300
Hamilton*... 110*
Kings Co*.... 100
Manufaot'rs. 380
280
330
310
Est Tr't
425
1375
750
9J0
300
310
300
StandardTr't
• • •*
805
Tr.Co.of Am.
Tr.Oo.ofN.Y.
200
Union Trust. 1300 140O
.
M)l|f.
•
350
.
800
Mercantile
300
Merchants'
Metropolitan 425
Ileal
First..,.
•••
670
Knlck'rb'ok'r 400
100
BB'KLYN.
Bedford*.... 31C
Broadway* . 340
Brooklyn* .. 110
8th Ward*...
5th Ave*.... 100
MM
Central Tr'st. 1950 8000
Oity Trust... 300
300
Colonial
340
Continental 370
MMt
•••
180
Banks marked with an astar
aocruedlnt.
1
N Y Nat Ex..
New York....
350
Domes. Exoh ...,, 103
Bast River. 140
11th Ward*. 15u
.
Brokers
otatio as.
140
• •••
New Amst.*.. 675
New York Cc 1500
City
Colonial*.... 375
Fifth Ave*..
Fifth
225
First
3800
14th Street*. 140
Fourth
165
Gallatin
390
Gansevoort*. 60
Garfield
1700
German Am* 120
German Bx*. 200
Germanla*... 400
Greenwich*.. 160
Hamilton*... 140
Hano'r (new)
Hide AL ath 120
Imp A Trad. 010
Irving
180
Leather Mfr. 210
Liberty
310
Lincoln
770
Manhattan* 360
Market A Ful 300
Mechanics'. 300
Meoh A Tra* 90
Mercantile
190
Merch Exoh. 130
Merchants'.. 160
Qu
1
Banks.
Ask.
Bid.
Mutual*
Nassau*
170
470
300
310
3975
140
335
Columbia*... 190
Commerce... 360
Continental 130
Corn Exoh*.. 3tJ
Banks.
Brokers
otati one.
N. Y. CITY.
America* .... 400
Am Exoh.... 188
Astor
500
Bowery*
290
Broadway.... 240
Butoh'sADr.. 80
Central
Aik.
•
Brooklyn Tr. 416
Platbush .... 160
Franklin. .... 300
Hamilton.... 365
Kings Co.... 340
L Isl L A Tr. 250
Manufaot'rs. 307
t85
Nassau
330
People'i.
WUUamib'ghilSO
arc Stat* bank*,
ale at Stook axon,
i
Pnrohaur
...a.»
338
200
alio p*j§
or at auction this
weak
.
.
THE CHRONICLE.
486
Boston, Philadelphia and Baltimore Stock
Share Prlcea— Not Per Centum Prices.
rwesday,
JVfondoy,
Saturday,
Sept.
.
.
'
£ep<.
3.
S«p<.
1.
Sept.
4.
Sept.
5.
Exchanges— A
IT
7.
Sept.
6.
Daily and Yearly Record.
Sales
ACTIVE STOCKS.
Friday,
Wednesday Thursday,
[Vol. LXII,
Range of Sales in 1900.
of the
Week.
Shares
Indicates unlisted.
Lowest.
Highest
Railroad Stocks.
38* 32* American Railway!
80C 33
157 338
(Phila.).... 60
T
Boston A Albany
(Boiton).. ..100
350 850
949* 949* 350 250
"
....100
lii" 149 Boston Elevated, full paid..
149 149
149 149
149 149
Boston A Lowell. ... ,
"
....100
344 344
344
344 944
944 844
Boston A Maine.
•183" 190
"
....100
•188 190
188* 188* •189 190
"
....100
13** 185* Chlo. Burl. A Quincy
125* 185* 185* 126* 128* ISA*
"
....100
188 139
188 140
189* 139* 140 140 Chic Juno. A On. Stook Tdi.
"
188 123* Preferred
....100
'185
126 136 125
....
30 Chootaw Oklahoma A Gulf.. (Phila.*.... 50
30
•29* SO
29* 30
•89* 80
"
40* Preferred
.... 50
,
40* 40* 40* 40
40* 40* •40
136*188* Fitohburg, pref
...(Boiton).... 100
X>38*188* 138* 138* 138 138*
85* Lehigh Valley
(Phila.) .... 50
2S* 35
85
33* -25H 35* 25*
24* 34* Massachusetts Elect. Cos. T.(Boston)...,100
31* 85
34* 84* 24* 85
"
....100
76* Preferred 1
76
,
76
76
76* 77
76* 77
l'« Mexican Central.
"
....100
11*
11* 11*
87 87* Northern Central......
(Bait.) .... 50
88* •-41
87
87* 87* 87
(Phila.) ....100
61* 51* Northern Paciflo
61
•50* 50* 5'* 51* 51
"
Preferred
•71*
...,100
•71
71* 78 •3r5 73 Old
71* •71* 78
308
Colony
.(Boiton).... 100
305 305
305 305
305 305
•••••
••••
98
64* 64*
X
o
W
100
•8*
8*
8*
88* 38* 98*
•14
14* •14
67* 67* 58
74* 74* 74*
36* 36* 86*
16* 16* 16*
O
o
w
a
o
93* 94
>•
75
76
1*
a
o
14*
38
14
14*
57*
74*
86*
16*
88* 93* 94
35
38
75
1*
75
88*
16*
75*
1*
1*
O
318
•63
753
820
65
755
323
65
785
380
•63
z785
319
63
821
65
735
735
43
97
43* 42*
T*
41*
97
•96
63*
85*
54*
85* 35*
9
9
16* 16*
57* 58
43
96
•35
16* 16*
58
58
7
97
34*
18* 18*
19
8*
3*
8*
ITS* 112* 113
18*
•Ye"
»
cldai d'ajkedprlooi;
18*
46*
19
"4 8*
63* ....
no tale »« made.
36*
8*
3*
3
19
19
•46*
48
63*
97
New England
INACTIVE STOCKS
ASK.
18*
46
STOCKS BOND8
RAILROADS.— Prices
AU * Charlotte (Bait) 100
BosAMainepf.(Bost)10C
100
Boiton A ProT. "
Sept.
7.
MISCBLL.—Conoluded.
WewBngGsAC T (Boit)
New Ha v I A 8. (Phil)
Central Maii...
Pref.
"
*'
193
160
14
100
63
100
100 .....
100 870
"
Oonn River.... "
OoneolTrPittsT(Phll) 50
68*
"
60
,...
Preft
«a South A Fla.(Balt)100 86
94*
"
100
lit pref
"
100
8d pref
50 450
tj'rmant'n Pasi(Phll)
48
50
Heutonv
74
60
Pref
"
100
Dad* Street
FtS AM..(Boit)100 17
80
"
100
Pref
67
Little Bohuylk.(Phll) 50
Mama Central. (Bost)100 160
58
Mlneblll ASH. (Phil) 50
50
Heiquehon'g V. "
"
50
Perm....
Worth
83*
Pare Marqu'te.(Boit)100
56*
"
100
Pref.
Phil Germ A N.(PhU) 50 154*
• •
General T "
...
Byi Co
9*
Seaboard w.L (Bait) ...
124*
aa
PrQl W. 1.
United N J.... (Phil) 100 97 a*
86
>...
UnPowATrans "
60 .....
United Tr of P. "
"
60 .....
Pref
Wert Knd pref. (Boit) 50
WertJerABS.(Phll) 50
50
WeatNYAPa. "
Wla Cent, new.(Boit)100 14
"
37
100
Pref
Wor Naah A B. " 100 180
OonnAPassum
• • * • •
•••••*
96
• • a a a
•
MAT"
KO
•
I I
•
169
• • • •
63*
Amer. Uementl (Phil)
(Boit) 85
Arcadian
35
Arnold Mining. "
"
35
Atlantic Mln'g.
"
35
Baltlo Mining.
(Phil) 60
Beth Steel
Boiton ElecLMBoit)100
Cambria Iron.. (Phil) 50
(Bait) 100
Canton Co
Oenten Mining. (Boit) 36
"
85
Central OU
.
Con. Lake Sup. (Phil) 60
"
Pref
60
5
DanT.Beiiemer "
"
10
Dlam BUM St
.
83$
94*
# • a
ii
•
• • a a a
•Ml
West End
4*i
Deb 4s
98*
8
"
Mining....
9*
9
Warwlokl A 8. (Phil)
91
93*
35
88
4*
81
14* •Mil
168
170*
46*
77* 78*
lew l r<*
i** 14*
•
30
....
1*
i
8*
.
1907
1937
AAO
AAO
*
*
8*
10
••1
lata
•
"
100
100
Westm rel Coal ««
50
Winona Mlning(Boit) 85
Wolverine Mln. "
85
"
••••it
60
3
"*8*
49*
s
Adjustment g 4I..1995
Boiton Term'l 3*i.. 1947
Bos Un Gas lit 5s. '39 JAJ
3dM5i
1989 JAJ
BurA Mo RlV ex'pt 6s.J A.I
Non-exempt 6s. '18 JAJ
Plain 4s
1910 JAJ
Ch Bur A Q 4s. 1922 FAA
IowaDlv 4s. 1919 AAO
Chicago Juno 5s.l916 JAJ
Ch A No M gu 5s. '81 MAN
Chi A
M gen 5i.'21 J AD
Con. of Verm't 4s. '13 JAJ
Cuir't Rlv lit 5s.'27 AAO
99
48
W
116
80
50
*7
{100
3100
#108
{110
{ 98
Pref
"
50
MarylandBrew. ( Bait) 1 00
"
100
Margenthalar .. (Boit) 100
"
10
Mox Telephone
Preferred...
9
8
188
98
9
1st 4s.'46
i
Fr BlkAMV lit 6i '38 end $135*
Unit'p'd lit 6s.'33 AAO {185
LB ABtLlitSi 1939.
lien 4s 1943
MAf9* Mar H A Ont 6s.. .'25 AAO
190
2*
a a a •
•
104*
67
• •
* •
Mill
Conv'rtlble5il906MAN
Ext A Imp 5S.1933MAS
Chas City Rylit 5i '23J AJ
Chas Ry G A El 5i '99 MAS
CharlCAA ext5i,1910JAJ
CityASub lst5s.l922JAD
•
a a a
118
* •
•
JAJ
JAJ
i
98
100
{
99
00
•
aa
a a
1117
Mex Cent 4s a.. 1911 J A: i V9
lit con Ibc 8s g non-oum
3d oon lnc Ss non-com..
•
• •
•
ala-
3d series 8i..l911 MAS
lia
Sdieriei 6i.. 1916 MAS
4th ser S-4-5s. 1931 MAS
80
5th serial 61.1936 MAS
86*, Ya (State) 8i new.'89JAJ
19*
Fund debt3-Ss. 1 99 1 J AJ
• •
8
1*
9 137*
8 118
June 3H 15b
May 11 1 4*
Jan. 18 330
2 85*
Jan.
Mar.
Mar.
8
81
Jan. 19
Jan.
3
Jan.
4
Jan. 10
May 19
Feb. 5
Apr.
3
Apr. 3
May 89 770 Feb. 18
14* June 9B ?2* Feb. 2
50 Mar. 5 62* June 18
33* June 25 51 Mar. 81
95 June 32 133 Feb. 91
89* Ju le 85 57* Feb. 3
43 Jan. > 54* May 16
6* Mar. 8 13 Jan. 98
96* Jily 16 103* Mar. 38
138 July 16 140 Jan. 7
14 Mar. 14 34* Apr. 4
3 July 80
6* Jan. 9
U07 May 16 160* Jan. 11
14* June 31 85 Jan. 9
40 Jan. 6 50 Mar. 37
40 Jan. 1
48* Apr. 35
61 Jan.
5 66
Mar. IS
t 950 paid In. I «5 paid.
BONDS
Ask.
Bid.
West N C oon 6s. 1914 JAJ
WestVaCAPlst6g.'llJAJ
Wll A Weld 5s.. 1935 JAJ
118
Alle
188
116*
U3*
Bonds- Philadelphia
Vy B ext 7sl910AAO
AiDhalt Co 5i tr ctf
Atl City 1st 5sg..'19
7«*
MAN
Balls Ter 1st 5s. 1926
B Boro Gas
130
115*
JAD
96
100
1st 5s.'3SM&.-
104
Cambrialron 6i.1917JAJ
Canlst5s.'16 JAJ
5s'19JAJ
106* 106*
107*
Cit's'8tRy(Ind)oon5s.'33
Colum St Ry 1st oon 5s.'32
Con Trac of NJ lit5s..'33
Del A B Bk 1st 7s.'05 FAA lie
BaatAA 1st M 5s.'20 MAN
Edison Bleo 5s stk tr ctf s
BleoA Peop'i Tr stk tr otf 6
99* 89*
BlmAWiim
lit 6s.'10 JAJ 118
Income 5s.... 3863 AAO 109
Eq ni Gaa-L 1st g 5s. 1928 108
Hestonv M A F oon 5s.'34 115
HA B Top oon 5i.'35 A to 108
•••••I
110
76
Ry 4s.. 1933 78*
K C Sab B 1st 6s..'30 JAD •ileaLehigh Nav 4*s. .'14 Q-J 113
RR4ig
1C8
1914 Q-F 107
Gen M 4*i g.. 1934 Q-b 108
Leh V C'l lit 5s g.'3S JAJ 1< 8 103*
Leh Val ext 4i. 1948 JAD 117
3d 7s.
1910 MAS !80
Coniol 6s
1923 JAD 183
Annuity 8s
JAD 188* 139
100
U7*
104*
.
106
117*
105
118
114
106
New'kConGai5i'48JAD 103*
tie
119* 112*
Newark Pass oon 5s. 1930
NYPhUANorlit4i '39JAJ
Income 4s
1 U3 W MAN
No Penn lit 4i..'86 MAN
GenM7i
1903JAJ
Penn gen 6s r... 1910 Var
.
ib'i*
103*
183
ii a"
106
99
•
• a a a
60*
.
.
Coniol 6lO.... 1905 Var
Coniol Sir.... 1919 Var
Penn A Md Steel oon 6i.
107
108
180
190
106
109*
• •
AAO
Com 4s
AAO
Penn Steel lst5a.'17 MAN
1939
1939
People'! Tr tr oerti 4s.'4:
Phila Elec gold trust otfs
Trait oertfi 4i
PhAEr gen 5g.'20 AAO
Gen
4s g.. 1920 AAO
M
104
80
117
ae
a
M
•til
1.4*
128
• • •
135
•
• a a
97*
78
110
119
118
105
118
90
9*6"
»*
73*
• a a •
•
•
•••
•
•••t
89* 90*
•••••
119
ib'i* 108
104
69
180
AAv
111
197
184
105
Cs.'SS
Terminal 5s g.1941
98*
aa
109
94
Coniol M7I..1911 JAI
Con M 6s g... 1911 JAi
Ph A Read 2d
BxtImpM4sg.'47 AA<
98
107
87
85
109*
ConMof '82 4s.'S7 JA.
• t
105
aa
Pa AN YCan7i..'06JAD 118
Coni 5i
PotomVal lit5i.l941JAJ
•
l*Sept. 4
* Aug. 13
Jan.
Indianapolis
.
Series A 5s 1926.... JAJ
Series B 5s 1926.... JAJ
Pitt Un Trao 5s. 1997 JAJ
80* Mar.
ChooOkAG gen
117
108
New Orl Gas lit 5s.. .Var
NewpNAOPlit6i'38MAN 104*
6igold 1900
6i 1904
14
15
19
39
ChesAD
No BaltDiv 5I.1942JAD 119*
Central By 6i.. .1912 JAJ
Coniol 5l.... 1938 MAN
35
83
BergAEBrewlst6s'21JAJ
«
Bait Beit 1st 5I.1990M AN
BaitCPaslst5s.l911MAN 110*
Bait Fundg 51.1916 MAN
• a a a
it
118
Exchange 3*s. 1930 JAJ 111
BaltAPlst6sml 1911AAO
Norfolk St lit 5i '44. JAJ
NorthCent 4*i. 1925 AAO
AAO
6s 1900
80
80
M 6s g.'06 MAS <U4*
*
9
eeea
MAN
Maryland Brewing 6i
86
7o
....
*
• a
104
65
{100
{103
•
MetSt( Waih) 1st 5s'25FA
111
{102* 102*
East'n 1st
oonv 5s.'10 JAJ
Debenture 5s. 1913 AAo
'02
.
1
right!
Ask
I
, ,
Domln Coal lst8s.'18MAS {Ill
Illln Steel
.
K C CA S 1st 5sg.'25 AAO } 70
8eoAvTn(Pttti)5s'34JAD
80
15
15* K C Ft SAG 1st fi.'Oe J AD {114
Pranklln Mln'g. (Boit) 85
8avFlaAWest6s'34AAO
K C F SAMoon 6s.'28MAN 110*
>4l
"
100 140
Seneral Blect.
Seaboard loan oertfi .....
140
KCMABlst4i..'84 MA8 98
"
100 189
Pref
99* Seab A Roan 5s. 1936 JAJ
Income 5s.
50
OenBlAnto-MI(PhU)
6
80
l'.,BI l„APlst4*s'39MAN
10
K CA M Ry AB 5s.'29 AAO 10S US
9
Ind-Bgyp Com1(Boit)ioo
Un Ry A Bl lit4l'40.MAS
9* KC8tJoACB7s.'07JAJ
10
3*
IntButHASM "
Inoome4i 1949. ...JAD
"
L RockAFS lit7s.'05 J A. 105
86
80* 81
Isle Roy ale T....
YlrgMld 1st 61.1906 MAS
Minnfao Rub.. (Phil) SO
»
87
97* Apr. 8
Baltimore—Condu'd.
111
104
KnoxvTrao llt5s '28AAO 97
Lake R El litgu5i'42MAS 115
{115*
{108*
DG RAW
AAO
.
CityA8ub( Wash) lit5s'4*ColAGrnvlst5-6.1917JAJ
ConsolGai6i.. 1910 JAD
1939 JAD
5i
Ga AAialstpf 5sl945AAO
GaCar ANlitSi g. 1 989 JAJ
GeorgiaPlst5-6i 1933JAJ
GaSoAFIa lst5i.l945JAJ
Greater Seaboard otfi.
100
86
114
I
St 5s
Ext A Imp 6I.1901MAP
81* 81*
Utah Mining.. (Boit)4-85
Welibaoh ComT
Prefl
Ex
Bid.
lit 6i tunnel 1911..JAJ
Bal Trac lst5s.l929MAM
89* 30
24* 35
.
8*
(Boiton) ....
"
«
...
• •
(
Bonds— Boston.
Beil Tel 4i.. 1908 JAJ
"is" A TAS F gen g 4i '95 A 40
1*
. . .
. .
9
1
Am
89
185
865
5
50
1914 MAS
1916 MAN aos*
Bonds— Bal tlmore.
Anaoostla A Pot .......5s 100
AU A Ch 1st 78.1907 JAJ 117*
AtlG-Lightlst5sl917JAD
Atl Coast L ctf i 5l JAD
• a a • •
88
88
USPHorseCoL(Phli)
9*
5,794
13S
Torrington 1st 5s 1918...
883
"'$"
Tidewater St... "
Torrington "A" (Boit)
"
Pref..
Un Cop'LAM'g "
US
* a a a •
Domln Coalpf.(Boit)100 111 115
"
310
100 805
dlson HI 111
0*
BlecCoof Am t. (Phil) 60
.
(Phil)
"
8
Pref
1(9
180
Pennsyl Salt... "
58
Pennsyl Steelt. "
"
Preft
100
Qutncy Mining. (Boit) 35 144
148
Rhode IslM In.. (Boit)
2* 8
Santa Ysabel G "
1
'
80
4
89
e
.
Un B LA Po w pf Bait)
38* Un Shoe Maoh..(Boit)
"
Pref
57*
MISCELLANEOUS.
ADones Mlnlng(Boit) 85
Veh
AC
* < • •
A Mfg
1st 5s..
Tele 6s.'99
6s
310
* N YAN Eng lit 7i.'05 J AJ ais* 114*
48* 43*
l.t mort6s.. ..1905 JAJ ao9*
Rutland 1st 6s.. '02 MAN ao3
3*
Susquel A ST.. (Phil)
Tamarack Min.(Boit)
TelepTel
(Phil)
so
85
• .
• • * i •
Elec
New Eng
69*
85
(Phila.) ....
NEGas AC
8
1
....
85
14
9
Palmetto Co.... (Phil)
Parrott SUACop(Bost)
70
50
BONDS
69
Penn
S
4,529
....
Boaton—Concluded.
NewEng congen5i'45JAJ
N B Cot Yarn 5i 1939FAA
8*
"
980
400
406
.., (Boiton)....
Aai
18
"
Old Col Mining.
Osceola Mining.
15
65
United States Oil
Welibaoh Light!
...«« Weatlngh. Bleotrio
Preferred
66
19
Bid.
No AmG Dredg(Bost)
305
868
670
816
8
May
85,664 95*
87 107
327 140
310
13*
136 351
43
31 895
....100
8* 3 Philadelphia Elect 2* paid (Phila.)
"
118* 118* United Gas Improvement 1..
Apr.
Feb.
Feb.
Mar.
Jan.
Apr.
Apr.
June 2 4
30
70
18l
3,390
....100
"
"
Telephone....
18* 18* Old Dominion CopperT......
81* Jan.
70
165
.
*
Bid.
155
303
"
Preferred T
4
Aug. SO
1
97* New Eng. Cotton Yarn, pref (Boiton) .... 100
88
65
65
76
Jan.
78 95 Jan.
2 100
Aug. 89
140 8 1-16 Juae30
9-16Apr. 5
5,01! 24 9-1 6 Jan. 10 S3* Apr. 8
100 13 Jan. 10 17* Apr.
l,05f
44* Jan. 9 60* Apr. 4
611 70* June 35 78 Apr. 4
834 35* May 9 40* Mar. 81
800 15* Jan. 8 19* Mar. 30
34 Jan.
37* May 8
78 91* May 89 94* Mar. 9
50
(Phila.).... 50
1* 1* American Alkali
"
**
.... 50
,
* Preferred, 810 paid
180 190* American Sugar Refining V (Boiton).... 100
"
117 117* Preferred!
....100
"
....100
143* 143 Amer. Telephone A Tel. Co. T
10* Asphalt Co of America...... (Phila.) 10 paid
10*
Boston A Montana
380 380
(Boiton).*.. 25
.,
•61
"
63
Butte A Boston
.... 10
730 735 Calumet A Hecla
"
.... 25
18* 16* Cambria Steel, $4* paid. ...(Phila.) .... 50
57 57* Consolidated Gas
(Bait.) ....100
43 43 Dominion Coal
...(Boston).... 100
"
96* 97* Erie Telephone.
....100
"
Federal Steel
....100
54
54* Lehigh Coal A Navigation. (Phila.) .... 50
"
Marsden CoT ..
...,100
8* 8%
97*
18* 18*
118* 112*113*
19
....
Apr. 8
Feb. 5
Apr. 19
10* Jan. I* 14*
82* June 38 100
48* Jure 33 63*
«
70* June 35 77*
19
64 '03 Jan. 13 209* May 1
878 63* June 87 71* Apr. 5
. .
8*
8*
9
97* 97* 97
97* 97
183*188* 138* 185 133*
19
43
98
53
63
8*
57*
"
Preferred
18
5
84
30
10
800
94* West End Street
(Boiton).... 6C
Miscellaneous Stock*.
89 Amalgamated CopperT
(Boiton). ...100
"
....100
35* Amer. Agricul. Chemical T..
35
75*
35
76
il7* i'38* 131* 183* 121* 13i*
117 117* 117 117
116* 117
142*143
143 143* 143 143
10* 10* 10* 10* 10* 10*
00
36
88* 88* 88
35
1*
85
88
3
Mar. 12 143
Jan.
2 137
May 15 35
May T5 45
Jan. 22 139*
22* July 3 99*
15 Jan. 4 39
75 Jan. 2 79*
1,088
1,801
m
57*
74*
38*
16*
13
17
Jan.
139 131
8 122
8
89
138 39
158 110
84* 64* Pennsylvania...,.
(Phila.).... 50
"
.... 50
99* 100 Philadelphia Traotion
Reading Company
"
.... 50
8*
"
88
28* lit preferred.
.... 50
"
IS* 13* 3d preferred
.... 50
Union Paciflo
(Boston)... .100
57* 57*
,.
"
100
x74* 74* ProfoiTod
86* 56* Union Traction,' '$17* paid! (Phila.)!!!! 50
16* 16* United Ry A Bleo. Oo
(Bait.) .... 50
94
75
1*
8*
38*
8*
58
88* 88*
35*
100
100
8*
38*
94
88
88
35
o
>
64* 64*
64* 64*
100
100
July
July
Aug.
Apr.
119* Jan. 10 133* Apr.
2,287
U*
100
t96
94 341
8 187
•
to
Mar. 6 84*
Mar. 16 354
Jan. 2; 150
Jan. IS 349
Apr. 1 302*
Q-l<
P Wll A Bait 4s. 1 917 AA'
Coliattruit 41.1931 JAI
CAStL 7s. 1900 FAA
4s, 1997 JAJ
Rochester Ry oon 5s. 1930
SohRBSIdelstSs g'35JAD
Pitts
Read Co gen
199*
124* 184*
108
108*
"87* 86*
10b
111
SoranTrao 1st rts '32MAN
Union Term'l lit 5s. FAA
United N J 4s. 1944 MAS 115
UnTraoPitti gen5i'97J AJ U4*
.
And
•
106* 107
ue
t*l-CK paid.
•Price Include! overdue oonpojns.
I
Interest.
.
.
.
..
.
September
8,
THE CHRONICLE.
1900.]
487
\tmzstmmt and Railroad %nUllxQmtt.
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
oolumns the earnings for the period from January 1 to and including snch latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
Latest Cross Earnings.
ROADS.
Week or Mo
Current
Tear
Ala. Qt. South.. 4th wk Ang
Ala. Midland...
Ala.N.O.ATex. Pao. June.
N.O.AN.E... 2d wk Aug
Ala.AVicksb. 2d wk
Vicks.8h.AP. 2d wk
Allegheny VaL. July
Aug
Aug
•tthwkAiiK
Ann Arbor
An.Was.&Bal..
Ark. Midland...
Atoh.T.AS.Fe. July
AtlantaAChar. June
Atl.
Knox.ANo July
Atlanta AW. P..
At.Vald'sta
&W July
Austin AN' west
Bait. A Lehigh.
Bait.
A Ohio..)
July
$
Bang'rAAro's'k July
B.AO. Sou'w.
BathAHam'nde
Bellefonte Cen. July
Brunsw'kAWst
Current
Previous
Year.
Tear.
9
itbwk Aug
Chlo.Ind.&L... 4th wk Aug
91,197
1,223,869
400,507
34,000
12,000
10,000
298.335
41,023
4.577
7,399
30,000
10,000
8,000
306,732
46,532
4,832
7,485
3,242,426
171,470
35,145
45,499
10,209
11,004
10,407
3,300,835
82,283
1,659
2.055
59,389
132,184
55,290
164.660
793.0OO
97,149
68,425
1,151,217
978,059
417,012
380,568
1,750,896
3,542,931
107,901
1,630
2,318
65,273
169,693
229,649
131,059
4thwkAug
C
GreatNorth'n—
St. P. M. A M.. August
East of Minn. August
Montana Cent August
Tot. system. August
GHlB'mntAK.C
439,476
373,514
1,935,087
1,033,94H
28,548
19,069
48,925
60,938
26,400,931 22,668,294
1,192,295 1,053.445
214,993
237,4o5
340,563
297,675
122,479
54,737
62,779
53.094
65,027
58,503
24,825,371 20,374,395
1,098,8.50
726,071
569,105
10,830
10,907
26,686
16,094
341.249
310.545
3,698,095 2,474,930
837,752
407,782
3,021,852 2,993,037
19,207,968 17,548,024
3,763,325 3,324,716
372.186
398,276
1,312,338 8.698,825 8,083,798
1,412,911 6.736.941 6,380,909
407,306
895,222
64,394
67,311
2,121
50,255
366,767 9,038,070 7,907,594
543,705
3,850,278 25,931,040 23,927,509
129,158 3,332,866 3,051,637
228,373 4,388.196 3.969,995
116,263 2,687,837 2,3c»9,136
1,123,994 26,113.357 24,741,453
3,692,275 23,647,612 22,191,650
1,311,474
Ohio.AN'thw'n. July
3,581,564
Ohlo.Peo.ASt.L jjuly
90,174 103,658
StL.C.ASt.P.
OhlcR'kl. AP. July
2,298,928 2,000,703
733,425 875,196
Chlo.St.P.M.AO July
Chlo.Ter.Tr.RR 4th wk Aug
34,7o0
31,072
Choo.Ok.AGuli 4thwkAug
93,968
38,835
Cin.N.O.AT.P. 3d wk Aug
82,265
82,949
Cin.Port8.&Vlr. July
35,423
28,540
Ol.O. Oh. A St. L. 3d wk Aug
319,616 303,469
Peo. & Eaet'n. 3d wk Aug
32,800
39,646
01.Lor.<fe Wheel. 4th wk Aug
65,337
60,637
Ool. Midland.... July
174,177 147,811
Colorado A So. July
391,034 295,341
Col.New. A Lau.
10,920
10,039
Ool.Sand'yAH. 3d wk Aug
17,959
19,072
Cornwall ALeb.
26,816
20,103
Oumb'l'd Valley
98,881
86,887
Denv.ARioGr.. 4 thwk Aug 344,700 295,0 >0
DenverASo'w'n
198,999 172,790
Det.AMaoklnao
88,920
66,573
DuluthS.S.AAtl 4th wk Aug
89,424
76,898
E. St. L. A Car..
12,645
11,920
ElglnJol.AEaet July
152,491 153,658
Me.
3,215,008 3,302,533
Ev'ns.AInoVplls 4thwk Aug
11,009
13,173
Evansv. & T. H. 4 thwk Aug
43,439
52.444
Find. Ft. W. AW.
8,345
10,455
Ft W. A Den.
July
143,033 114,332
FtW.ARioGr.. 4th wk Aug
9,516
10,974
Gade. AAtt.U.. July
1,411
1,096
Georgia RR
4th wk Aug
41.120
38,280
Georgia A Ala..
93.236
88,519
Geo. So. A Fla. July
99,002
92,852
GllaVal.G.AN. July
36,049
3^,528
Gr.Tr'nkSyst'm 3d wk Aug 489,295 466,744
Det.G.H.AM. 3d wk Aug
23,077
25,350
Ohlo.Mil.ASt.P.
9
89.666
1,303,873
481,943
164,190
39,275
47,085
15.106
12.830
11,719
798,248
685,407
13,293,660 11,602,756
5,235,147 5,471,062
852,227
821,840
1,659,631 1,048,702
3,200.568 2,873,411
207,993
167,711
10,438,381 9,101,319
1.475.903 1,208,771
1,436,044 1,159,650
1,281.259
931,831
2,434,913 2,099,848
89,589
79,224
704,875
153,887
466,907
6,899,078
1,248,493
477,177
1,741,153
93,945
1,144,195
21,154,226
215,162
918,008
55,628
871,427
282,813
8,599
1,072,656
645,476
693,515
228.S56
14,074,753
596,439
479,596
107,832
410,823
5,935,721
969,589
360,564
1,520,079
79,493
1,016.322
19,749,126
232,303
909,385
59,514
839,727
296,146
5.383
1,007,976
583,820
560,089
248,654
13,251,748
601,030
1,862,996 1,853,926 14,105,457 12,568,794
372,772 263.682 2,399,221 1,643,668
177,787 180,206 1,274,231 1,262,962
2,413,555 2,297.814 17,778,909 15,475,424
113,223
109.473
22,571
25,675
102,446
86.998 2,981,931 2,086,227
Hooking Valley 4th wk Aug
Hous.ATex.Cen
261,605 212,828
Illinois Central. August
2,805,913 2.617,275 21,673,806 18,714,000
IndDeo. A West April
174,734
214,536
53,410
45,244
Ind. Ul.&Iowa.
425,121
496,906
99,535
86,102
Im.AGt.N'rth'n 4th wk Aug
tlnteroo. (Mex.)
Central.
Iowa
.
Iron Railway...
Kanaw'a&Mioh
WkAug.18
3d wk Aug
4th wk Aug
K.C.F.Sc'tt&M. 3d
K.C.Mem. A Bir.
Kan. C.N. W...
Kan. City A Om.
Lehigh A Hud.
Lehigh Val.RR.
x,eh. V.Coal Co.
Lex'gtonAEast
LonglalandRR.
Long Is. System
Los Ang. Term..
wk Aug
3d wk Aug
July
4thwkMay
August
July
July
•uly
116,738
68,200
41,608
4,844
24,121
107,614
30,680
31,553
7,855
40,662
2.030,106
1,701,216
28.848
562.957
639,849
19.505
ROADS.
Tear.
13,355
56,636
79,629
3,697.051
Latest Gross Earnings.
Latest Date
14,927
53,663
76,894
Buff.R'oh.APitt 4thwkAug
44 070
Buffalo A Susq July
Bur.C.Rap.AN. 4th wk Aug 161,855
846.0U0
Canadian Pao.. 4th wk Aug
104,495
Cent, of Georgia 3d wk Aug
60,150
Central N. E.... July
1,309,234
Central of N. J. July
1,420,707
Central Pacific.
49,452
Charlest'n&Sav
2,84i
wk Aug
Chattan'ga So.. 4th
Ches. A Ohio.... 4thwk Aug 463,489
751,596
Chlo. & Alton.. July
3.907,297
Chic Bur. AG.. July
4th wk Aug 137,672
Chio.A East. III.
Chlo. Gt. West'n
to
Previous
9
Adirondack
Jan. 1
114,193 2,291,803 2,340,331
79,700 2,565,400 2,493,000
52,241 1,352,475 1,351,830
83,004
41,134
5,403
419,107
53>,671
18,266
110.357 3,550,447 3,039.058
900.237
23,991 1,075,728
177,509
213,439
27,348
92,586
97,350
6.252
324,280
40.955
818,9 49
2,839,894 14,152,370 12,716,164
1,576,910 10,220,4*1 9,534,610
136.820
199,265,
23,138
569,801 2,519,578! 2.476,946
641,260 2,634,120! 2,625,502
65,216
17,242
86,672
Week or Mo Current
Tear.
Jan. 1
to
Latest Date.
Previous
Current
Previous
Tear.
Tear.
Tear.
9
64,881
62,328 1,294,923
Louls.Ev.A8t.L 4th wk Aug
17,397
17,532
417,338
Lou. H. & St. L.. 4thwk Aug
745,030 806,079 18,010,587
Louis. A Nashv. 4th wk Aug
4,492
6,951
47,784
Maoon A Birm.. July
10,727
9,974
74,921
July
Manistique
[Mexican Cent. 4th wk Aug 458,515 475,925 11,607,675
409,042 393,908 3,081,068
MexioanlnterU. July
{Mex. National. 4th wk Aug 203,973 191,532 5,312,484
56,240
66,586
260,427
Mex. Northern. May
90,300
88,0 >0 2,945,300
{Mexican Ry... WkAug.18
14,125
13,197
553,583
3dwk Aug
Mexioan So
68,521
48,013
Midland Term'l June
86,930
90,082 1,812,729
Minne'p.ASt.L. 4th wk Aug
M. St. P. AS. St. M 4th wk Aug 103,559 127.556 3,079,523
Mo. Kan. A Tex 4 thwk Aug 401,401 400,510 7,591,625
Mo.Pao.AIr'nM 4th wk Aug 1,070.000 1,043,000 18,999,032
•54 000
59.000
877,518
OentralBr'ch. 4th wk Aug
4 thwk Aug 1,129,000 1,097,000 19,876,550
Total
2,666
1,939
86,086
Mob.JacAK.C. Wk Sept. 1
6469,300 e490,200 63,843,494
Mobile* Ohio.. August
102,088
115,381
813,084
Mont.AMex G'f July
578,575
523,529 4,367,110
Nash.Ch.AStL. August
4,205
1,918
16,970
Nevada Central June
5,112,067 4,905,210 35,723,396
N.Y.O.AH.R.. August
N.Y.Ont.AW.. 4th wk Aug 193,813 171,676 3,254,403
185,765 221,970
N.Y.Susq.AW. July
Norfolk* West. 4th wk Aug 443,693 365,890 9,696,543
598,515 614,115 4 398,409
North'n Central July
North'n Pacific 3d wk Aug d630,574 577,756 dl8304fi72
S01.9S7
4th wk Aug
40,0.9
31,894
Ohio River
49,911
46,799
402,954
Ohio Southern. June
454,230 435,942 1,916,536
Pao. Coast Co... May
JUU6
298,279 296,113 1,942,820
Pacific Mail
6,790,095 6.081,695 47,611.406
Pennsylvania^ July
Pere Marquette 3d wk Aug 168,671 150,235 4,966,822
23,161
25,610
524,544
Peo. Deo. A Ev. 4th wk J uly
Phila. A Erie... June
559,585 512,845 2,634.508
941,778
897,478 6,380,889
Phil. Wllm.AB. July
1,466 385 1,502,171 10,849,899
Pitts.O.C.ASt.L hily
89.866
80,341 1,481,323
Pitts.Bes.AL.E. 4th wk Aug
94,792
Pitt. Ch.AYny. June
18,258
18,813
Pltts.Lisb.&Wn June
4,809
29,003
4,088
Pitts. 8ha.ANo. April
179,692
43,873
35,206
38.388 1,197,707
Pitts. A West'n.. 3d wk July
698,046
Pitts.Cl.ATol. 3d wk July
20,002
21,104
Pitts. Pa. A F. 3d wk July
10.110
10,662
266,591
Total system 4th wk Aug 108,535 103,496 2,645,312
i
Reading Co.—
Phil. A Read. May
2,329,242 1,899,702 10,699,751
1,817,801 1,449,570 8,916,958
4,147,043 3,349,272 19,616,709
544,353
Rioh.Fr'ksbAP June
108,046 104,059
Rio Grande Jot. June
243.139
50,996
38,603
Rio Grande So. 4th wk Aug
346,210
15,088
14,513
Rio Gr*de West. 3d wk Aug
91,700
74,900 2,895,325
42.609
St. Jos. A Gr. I. 4 thwk J uly
752,856
35,755
55,551
8t.L.Ken'etASo July..
8,051
9,001
St.L.Van.AT.H. July
157,702
157,901 1,086,741
St.L.ASanFran. 4 thwk Aug 268,340 240,9^4 5,349,092
St.L. Southwest 4thwkAug
153,522 151,543 3,634,560
StPaulADul... May
625,891
137,939 154,461
San.Ant. AA.P. May
722,310
147,889
136,508
SanFran.AN.P. July
99,645
528,629
103,626
S.FePres.APh. 3d wk Aug
14,732
643,194
15,386
Sav.Fla.AWest. June
416,063 375,056 2,409,892
Sher.8hrev.A8o 3d wk Aug
222,484
5,649
8,066
SiLSprs.O.AG. June
142,929
20,617
28,316
So. O.A Ga.Ext. July
18,742
15,720
147,125
So. Haven A E.. June
4,222
20,519
5,499
So. Miss.* Ark. July
10,516
99,947
18,391
So. Pacific Co. 6. July
35,331,311
5,353,453 4,948,489
Cent. Pacific. May
1,420,707 1,412,911 6,736,941
Gal.Har.AS.A May
513,016 560,168 2,550,491
Louls'a. West. May
566,135
107,682 109,694
Morgan'sLAT May
552,843 570,536 2,742,727
N.Y.T.AMex. May
109.298
22,329
20,524
Tex.&N.Orl.. May
830,356
172,980 164,485
So.PacofCal. May
1,390,265 1,270,487 7,041,849
So.P'cofAriz. May
302,565 301,697 1,632,874
So.PacofN.M May
861,478
174,441 177,927
Southern Ry.... 4thwkAug 877,111 866,732 20,470,014
Stony01.AC.Mt June
10,482
4,807
3,408
TerreH.AInd.. July
902,751
122,924 132,749
TerreH.APeor. July
269,033
47,702
88,597
Texas Central. 3d wk Aug
208.097
6,497
7,814
Texas A Pacific 4th wk Aug 246,340 240,767 5,279,541
Tex.S.V.A N.W. July
55,380
7,018
8,800
Tol.AOhioCent. 4th wk Aug
62,051 1,658,494
73.685
ToLP.A West... 4th wk Aug
714,625
37,379
38.230
ToL8tL.AK.C. 3d wk July
965,729
42,036
37,225
Union Pao. RR.. July
2,166,068 1,850,223 12,697,893
Oreg.RR.A N. July
586,455
626,637
Oreg.Sh.Line. July
783,459 674,268 4,912,079
Total.
July
3,576,214 3,110,946
Wabash
4th wk Aug 532,823 511,872 10,668,753
W.J'rseyASea'e July
465,581 412,781 1,»66,733
W.V.OenAPitt. May
592,667
133,714 116,004
Western of Ala.. June
364,382
49,634
54,046
West.N.Y.APa. 4thwkJuly 114,100 119,000 2,075,556
Wheel. A L. E. (
86,723 1,828,254
87,955
Olev.C.&So s 4thwkAug
Wisconsin Cent. 3dwk Aug 103,050 108,221, 3,359 994
Wrightsv.AT'n. July
90,967
10,734
11,373
„
YazooAMlss. V. August
332,318 353,956 2,962,4 9
York Sou thorn,. June
42,774
6,415
7,438
A Ir. Co. May
Totboth Co's. May
Coal
1,114,685
380,989
16,329,915
35,806
62,255
10,023,754
2,669,700
4,608,311
855,059
2,887,400
498,973
1,739,161
2,689,005
7,055,388
17,280,041
773,119
18,053,160
47,868
6 3,247,171
738,460
3,904,898
10,709
33,059,485
3,126,911
8,001,524
3,762,309
16,815,463
709,079
346,324
1,929,461
1,815,303
39,230,606
4,430,562
464,332
2,171,141
5,892,489
9,618,431
1.090,900
81,821
22,864
1,042,395
544,396
223,389
2,227,365
8,989,929
9,087,149
18,077,078
482,174
174,900
303,115
2,173,170
740,306
52,939
991,161
4,766,967
3,506,563
637,279
662,037
513,997
567,594
1,940,343
193,128
161,536
126,259
15,978
65.614
32,520,018
6,380,909
2,350,257
597.625
2,815,317
102,669
798,058
5,903,129
1,464,500
824,501
18,272,240
11,234
807,980
228.357
168,444
4,914,803
35,668
1,214,921
644,159
1,038,170
11,146,407
4,279,132
9,730,993
1,637,033
515,639
323,293
1,938,058
1,549,442
3,335,346
72,850
2.S27.680
37,200
Figures from June 1 are for the railroad only, t Mexioan ourrenoy. 5 Covers results of lines directly operated east of Pittsburg,
includes Chesapeake A Ohio So'western, Ohio Valley and Chicago and Texas for both years.
d Does not include the Austin A Northwestern, the San Antonio A Aransas Pass or
Houston Texas Central system.
« Results on Montgomery Division are include i in 1900, hut not for 1899
a Includes St. Paul A Duluth from July 1, 1900.
t
*
.:
..
.
—
THB CHRONICLE.
488
earnLatest Grogs Earnings by Weeks.-The latest weekly
summed up as follows:
Ings in the foregoing are separately
&u
For the fonrth week of August our statement covers
in the aggreroads and these show 6-10 per cent increase
gate over the same week last year.
Increase.
1899.
1900.
Xth week of August.
Decrease.
9
2,973
2,509
8
58.636
53,663
46,532
44,023
Ann Arbor
132,184
169,693
Bnflalo Roch. A Flttsb'e
164.660
161,856
Burl. Ced. Rap. A North
793,000
846,000
Canadian Paolflo
2,121
2,844
Chattanooga Southern.
366.76'
463.189
Ohesaneake A Ohio
129,158
137,672
Chicago A East. Illinois
228,37:
229,649
Ohio Great Western....
116.263
131,059
Chlc.Indian'lis A Loulsv
Chicago Milw. A St. Pan 1,311,474 1,123,994
31.072
34.7<
Chlo. Term. Transfer...
9',9«S
38,835
Choc. Okla. A Gulf
60,637
65,337
Clev. Lorain & Wheel'g.
295,000
844,700
Denver A Rio Grande.
76,898
89,424
Dnluth So. Shore A At..
13.17S
11,009
Bvansv. A Indianapolis.
52,444
43,43^
Evansv. & Terre Haute.
10,974
9.516
Ft. Worth & Rio Grande
38.23C
41,120
Georgia
86,998
102,446
Hookin g Valley
114,193
116,738
Intern'l A Gt. North'n .
18,266
24,12
Kanawha & Michigan..
62,3 2 e
64,884
Louisv. Evansv. & St. I
17,532
17,397
Louisville Hend. &8t. L.
806,079
745,030
Louisville & Nashville
475,925
45«,515
Mexican Central
191,532
203/ 73
.
Mexican National
90,082
86,930
Minneapolis & St. Louis
127,556
103,559
Minn. St. P. A 8. Ste. M.
400,510
404,401
Ko.KaisitsA Tpzas....
1,070,000 1,043,000
Mo. Pacific A IronMt...
54,000
59,0(>0
Central Branch
1,679
2.292
Mob. Jackson & K. City.
171,676
19?,813
ST. Y. Ontario A Western
365,890
443,693
ITorfolk A Western
31,894
40,0-9
Ohio River...
80,341
89,8€6
Plttsb.Bess. A L. Erie..
103,496
108,535
Pittsburg A Western...
14.513
15,08>Rio Grande Southern...
240.984
268.340
St. Louis A San Fran....
1." 3,522
154,543
Bt. Louis Southwestern.
866,732
877,111
Southern Railway
240,767
246,340
Texas A Pacific...
62,051
73/85
Toledo A Ohio Central..
37.379
33.260
Toledo Peoria A West'n.
511,872
532,823
..
Wabash
Wheeling A Lake Erie
86,723
87,955
Alabama
Gt. Southern.
37,509
723
96,722
8,514
1,276
14,796
187,48'
3,628
55,133
4,700
49,70<
12,526
2,164
9.005
1,458
2,840
15,448
2.545
5,855
2,556
12,441
Total (50 roads)
Net Increase (610
23.997
575
1,021
10,S79
5.573
11,634
4,119
20,951
1,232
35,760
804,295
636.738
o.\
Roads.
167,557
statement covers
For the third week of August our
6-72 per cent increase in the aggregate
69 roads, and shows
over the same week last year.
©/
August.
Increase.
1899.
1900.
$
Previously rep'd»63 r'ds)
Interoceanic (Wex.)......
Louisville Hend. &
Mexican Railway
Mexican Southern
Santa FePres. A Phoenix.
Texas Central. ....... ••-•
St. L.
Total (69 roads.' ........
Net Increase '6-72 p. o.)..
8,631.206
'9,700
12,381
12,085
88,< 00
90,301
14,125
13,197
14.732
15.3&6
6,49'
7,814
697,454
8,846,641
701,725
594,332
9,233.991
68,200
9,440,97;
nished statements for the full
results as follows
month
1900.
Decrease.
94,669
11,500
296
""'928
*"*654
(all
that have fur-
as yet)
show aggregate
Increase.
2,568,038
Per Cent.
6-12
— —
Current
Year.
Jan. 1 to July
Btllalre Zanesv. A
Apr. 1 to June
Jan. 1 to June
31....
Cln.—
9
107,901
726,071
Previous
Tear.
$
82,283
569,105
Current
Previous
Tear.
Tear.
9
37.825
278,738
$
.
^ j^\%
IS
30
»
Previous
Tear.
f-Bal. of Net Earn''s.-*
Current Previous
Tear.
Tear.
9
313,000
9
9
325,628
486,259
Apr. 1 to July 31.... 1,252,000 1,302,511 1,022,799
122,709
35,519
116,588
Kan. C. Ft. B. &M.. July
15,330
16,240
10.068
Kan. C. Mem. A Blr July
145,358
135,601
59,310
Nashv. Chat. A St. L July
185,983
190,600
286,079
Norfolk A Western. July
17,833
2,2f9
17.833
Rio Grande South.. July
137,365
133,892
Wisconsin CentraL.July
26,835
Isl.
APao. July
9
395,708
793,097
11,143
4.569
29,443
176,986
def.4,146
71,136
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all street railways from which 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 the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including suoh
latest week or month.
—
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Cross Earnings.
Gross
Earnings.
Week orMo Our'nt Prev'us
Tear.
Tear.
28.283
196,913
10,956
1.556
17,996
9,746
28,030
105.379
667,396
675,094
12.522
12,263
67,703
107,455
799.259
721,336
Jn{yiuL^'M3M 11.602.75 4,171,644 3.763.614
2,274,799 2,095,608
6,897,520
1 tS July 3i:... 7:856,205
229,800
77,600
Oolor'do FuelAIron July
90,622
82.522
487,964
583,222
39,330
41,476
68,452
74,768
893,704
365,742
fiari.Ced. R.& No.a^July
2,569,378
Jan. 1 to July 31.... 2,593.437
58,425
60.160
July
Central New Eng.
398.276
372.186
Jan. 1 to July 31.-.
2.298.9S 8 2,000,703
F
30....
Int., rentals, etc.
Tear.
Roads.
Net Earnings Monthly to Latest Dates.—The table followof Steam railroads
ing shows the gross and net earnings
week. A full detailed statement, including all
reported this
can be obtained, is given
roads from which monthly returns
these columns, and the latest statement of
once a month in
Chronicle of August 18, 1900.
this kind will be found in the
in the issue of September 22, 1900.
The next will appear
Net Earnings.—'
-eross Earnings.
.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c, with the surplus
above or deficit below those charges.
107,293
be seen that there is a gain on the roads reporting in
amount of $2,568,038 or 6 12 per cent.
Bangor A Aroost'k July
c Deduotlng other expenditures for repairs, replacements and general
expenses, net income applicable to interest on bonds in July was
$104/32, against $106,785 last year, and from January 1 to July
31 $955,144, against $915,578. This is the result in Mexican dollars
treated (according to the company's method of keeping its accounts)
as equivalent to 80 oeuts in United StateB money— that is, depredation
beyond 20 per oent has already been allowed for.
* Increased expenses in July, 1900, due to large charges for repairs
to equipment and laying new steel and to the higher oost of materials.
Current
earnings (71 roads) 44.506,478 41,938.440
Roads.
m Net earnings here given are after deducting taxes.
b Net earnings here given are before deduotlng taxes.
.
It will
the
I:
1,317
1899.
Tear.
9
75,?45
550,070
7,315
47,096
49,912
364,962
22.019
133,265
53,848
399.732
A 8onthw..June
Chlo. R.
For the month of August 71 roads
Month of August.
2,300
Tear.
9
9
172.790
198,999
77,288
Jan. 1 to June 30
1,248,493
969.589
458,558
Evans. A Indlanap July
25,292
30,360
11,496
Jan.. 1 to July 31....
182,835
195,870
63,474
1' 9,476
Evans. A T. H
July
115,142
53,840
Jan. 1 to July 31
783,818
765,548
356,036
Gila Val. Globe A No. July
36.049
32,528
23,306
Jan. 1 to July 31
228,856
248,654
172,469
Soust. A Tex. Cent. July
def. 432
261,605
212,828
Illinois Central.*.... July
612,060
2,636,890 2,381,790
Jan. 1 to July 31
18,867,893 16,096,725 4,610,127 4,720,968
San. C. Ft. 8. * M.j July
414,041
158,228
468,653
127,731
Jan. 1 to July 31
3.237,432 2,737,227 1,040,559
822,581
Kan. C. Mem. A B.a.July
104,286
25.398
133,923
20,809
Jan. 1 to July 31....
283,154
987,445
829,177
207,682
Lexing'n A East.b. July
28,848
10,525
23,138
10.591
Jan. 1 to July 31
199,265
136,820
77,127
45,971
Loulsv. & Nasbv.tj.july 2,189,988 2,166,220
710,154
730.849
Jan. 1 to July 31.... 15,804,947 14,039,906 4,925,837 4,588.680
Mexioan Central... July 1.339.020 1.375,920 *235,135 *516,247
Jan. 1 to July 31.... 10,318,995 8,745.355 3,375,209 2,920,020
Mexican National. July
622,842
564,371 c 287,592 c 262,182
Jan. 1 to July 31
4,683,068 4,039,462 t'2,233,468 cl,923,792
Nash. Ch. A St. 1 b July
555,625
498,089
204.668
165,044
Jan. 1 to July 31.... 3,788,535 3,381,369 1,306,770
948,916
N Y. Ont. A West.a July
452,655
422,966
155,374
154,844
Jan. I to July 31
2,737,723 2,623,484
790,504
863,737
Norfolk A West'n .a. July 1,242,936 1,052,184
472,062
367,586
Jan. 1 to July 31... 8,397,546 6,938,816 3.275,267 8,179,283
Paolflo Coast Co. a. May
454,230
435,942
113,826
104,412
Jan. 1 to May 31... 1,916,536 1,929.461
427,664
442,457
July 1 to May 31... 4,754,069 4,461,135 1,277,773
985,599
Rio Grande South I July
46,165
20,092
33,499
13.687
Jan. 1 to July 31...
298,792
259,149
129,475
120,099
81o Grande West, ti .July
390,973
335,227
115,900
155,632
Jan. 1 to July 31... 2,640,225 1,961,470
955,290
775,240
Southern Paolflo. b. July 5.353.453 4.948,489 1,992 989 1,756,323
Jan. 1 to July 31... 35,331,311 32,520,013 11,480,661 11,050,865
Onion Pao.a
July 2,166,068 1,850,223
935,662
788,166
Jan. 1 to July 31... .12,697,893 11,146,407 5,104,952 4,274,146
Oreg. RR.& Nav.a July
626,687
586,455
251,380
275,718
Oreg. Short Llne.a July
405.827
783,459
674,268
334,984
aJuly 3,576,214 3,110,946 1,592,869 1,398/68
Total
Wheel. A L. Erie. b. July
220,398
150,298
65,944
54,069
Wisconsin Central July
163,171
450,205
499,490
204,157
Jan. 1 to July 31.... 3,050,264 2998,942
956,714 1,150,202
Yazoo & Miss. Val.a. July
321,463
50,182
316,711
73,647
Jan. 1 to July 31
2,630,151 2,473,724
640,631
630,090
Denver
final
3d week
Net Earnings.—
Current Previous
>.
,
27,356
196,284
Gross Earnings.—
Current Previous
Tear,
Year.
.
.
27,000
5,000
613
22,137
77.803
8,195
9.525
5,039
11,068,564 10,431,826
..
p-
160.524
"3,152
3,891
!
[Vol. LXXI.
.
135
61,049
17.410
,
Olevel'd Canton A 8c
Wisconsin Central
"2,805
53,000
.
Gross
s
,
.
.
Amsterdam
Ry
Current
Previous
Tear.
Tear.
9
April..
Power. June...
St.
[Jan. 1 to Latest Date
. .
Atlanta Ry. A
Ballston Terminal.
Bingham ton St. Ry..
Ohloago A Mil. Elec.
Chicago Union Tract.
Gin. Newp. A Cov. .
City Elec. iRome.Ga.)
Cleveland Eleotrio..
Cleve. Palnsv. A E.
Col. Sp'gs Rap.Trans.
.
May...
July...
July...
July...
July...
July...
July...
July...
June...
Columbus (O.) Ry.... July...
Consol. Trao. (Pltte.) July...
Dart.AWport8t.Ry- July...
.
.
4,465
44 928
4,295
44,396
18.7ro
242.179
9
17.404
213,218
2.906
9i",878
102,395
19,875 19,081
71,5b5
26,140
6,553
18,378
630,893 (653.812 4,182,179 4.091,542
434,962 394,296
77,704 68,704
15,418
2.848
22,650
3,447
920,346
1178,646 1 95.857 1,143,164
65,154
16,605 14,631
74,853
60,811
20,102 14,1 18
80,530
88,614
551,290
254,973 229,142
52.666
13.6051 13,468
56,737
—
—
.
.
September
THE CHRONICLE.
8, 1900.]
Latest Gross Earnings.
Gross
Earnings.
,
Week or Ho
Our'nt
Tear.
Jan. 1
to
Latest Date.
Prev'us Current
Tear.
Tear.
Previous
Tear.
9
Detroit Ft.
Wayne
July
683,408
889,422
286,158
6,127 155,897 135,106
60,675 1,535,374 1,310,686
July
9,901
84,720
8,291
26.S13
July.......
27,44 3
29,411
May
Tune
July
18.545
48,885
35,938
lon&F'kfortEl.Ry. June
4,177
&
Belle Isle
ithwkAug
4thwkAug
Total of all
Det. Roch. Ro.&L.O. July
Duluth 8t. Ry
Easton Consol. Eleo.
Galveston City
Grand Rapids Ry
Harrlsburg Traotlon.
Herkimer Mohawk IIInternat'l Traction—
(Buffalo)
Interstate Consol. of
North Attleboro.. .
May
14,315
16,973
9,285
5,814
Johnstown Pass. Ry. July
Kingston City Ry.... July
Lebanon Val. St. Ry.. July
July
Lehigh Traotlon
Lima Railway (Ohio) June
LondonSt. Ry. (Can.) May
Lorain St. Railway.. July
July
Lorain & Cleve
July
Maes. Eleo. Co.'s
Metro. (Elev.)Chioago July
11892
4,621
7,845
8,350
St.
May
Ry
June
New Castle Traotlon.
New London St. Ry
New Orleans City
July
July
.
April
Northern OhioTraot. July
Norwalk Tramway .. June
Ogdensburg St. Ry.. July
May
Olean St. Ry
Omaha & Coun.
207.689
174,786
3,404
25,944
20,954
123,299
14,590
9,440
4,913
11,046
4.740
5,352
9,336
66.802
102.812
37,86o
36,446
61,666
23.131
54.953
82,529
37,705
26,748
59,445
22,445
57,248
54,198
53 820
51.407
11.800 11468
626.000 588,000 2,901,682 2,605,426
921.033
114.374
1237586 1198811 7,108,431 6,520.686
168,244 156,858
839.067
795,598
5.334
4,874
40.808
9,828
8,997
36,383
82,978
77,135
£0,859 21,681
32,041
10,493
8,734
30,977
434 929
109.404 108.123 489.451
42,992 36,649 231,835 200,136
28,866
26,542
8,080
7,834
11.696
11,800
2,719
2,993
18,626
17,138
4,318
3,680
Metrop.St. Ry.(N.Y.) June
Montreal Street Ry.. June
Muscatine
44.241
34,551
12 36"
Blufl
June
Ry. & Bridge
Philadelphia Comp'y July
Pottsv'e Union Trao. July
Richmond Traction.. July
19,871 17,685
124.870 131.671 1,565,333 1,078,462
70,643
17,005 15,505
79,655
118,050
96,923
20,9; 9 19,151
Sacramento Eleotrio
Gas& Ry
July
Boranton Railway... July
Southwest Mo. Elect. July
Southern Ohio Tract. July
Staten Island Eleo...
Toronto Ry.
Twin City Rap. Tran
Union (N. Bedford)..
United P. & Transp.
£0,387 25,966 210,549 177,551
*59.1j6 * 53,779 296,245 269,419
22,912 21,846
157,855 124,465
31,215 27,899
67,176
67,016
18,154 18,869
839,975
138,927 123,283 949,666
249.^42 225,3S0 1,575,641 1,376,745
141,139 125,104
29,207 24,505
May
August
July
July
July
United Traction— ) July
Albany City ]
United Tract. (Pitts.) July
United Traot. (Prov.) July
Inc. 24,
046
Inc. 156.
925
123,699 116,055
757,459 721,685
172 834 161,475 1,083,209 945 4' 8
233,635 200,644 1,310,277 1,120.288
7,250
37.519
36,317
8,542
8,473
Winnebago Traction. May
Worcester & Marl'b'h July
* Figures from May 1 cover Scranton Railway, Soranton
Boranton & Carbondale and Carbondale Railway,
t Strike in Cleveland in 1899.
&
Plttston,
we adopt the same plan as that for the steam
roads— that is, we print each week all the returns received
wilways,
that weefr, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
in the Chronicle of August 18, 1900. The next will appear
In the issue of September 22, 1900.
Tear.
Roads.
9
Detroit Cit's' St.Ry July
14J ,904
Jan. 1 to July 31....
863,6t9
Detroit Eleo. Ry. July
43.806
Jan. 1 to July 31
312.604
Det. Ft.W.&B.I.. July
19,944
Jan. 1 to July 31....
132,174
Total of all
July
205,654
Jan. 1 to July 31.... 1,308,447
Easton Cons.Eleo.l)July
27,443
Jan. 1 to July 31....
146,595
.
,
1,127
1,433
qa ono
3».»09
186
149
1,127
1.433
37.607?
1,363 J
—
Tear.
9
9
Passengers carried. 27,816,343 24,575,902 24,074,254 23,1< 6,483
Passenger mileage.. 848. 704,035 754,081,020 71?, 115 222 689,764,624
l-82cts.
l-86ots.
1-fcOcts.
Rate per pass, d. m.. l-82ots.
Fr'ht (tons) moved* 37,586,496 2^.356,474 23.403,439 20 649.810
Fr'ht (tons) mil'ge*. 6117^72625
0-56 cts:
83,521
455,439
11,883
92,471
6,297
39,582
101,701
587,492
15,426
64.708
9
77,665
364,968
14.433
85,126
8,962
47,516
101.060
497,610
14,250
4659165559 4500269846 3790311495
Av. rate p. ton p.m.
*
Exclusive of company's
0-59 cts.
Current
.
Tear.
9
Roads.
Easton Cons. Eleot. July
Previous
Tear.
*.<*,.
9
10,428
r-Bal. of Net EarrSs.-
Current
Previous
Tear.
Tear.
9
9,225
4,998
9
5,025
ANNUAL REPORTS.
New York
Central & Hudson Rirer Railroad.
CReport for the year ending June SO, 1900. J
Full extracts from the annual report
of the directors, with
ble lables of statistics will be found on pages 503
to506
in* tabl*^'
earning8 incom eretc., are
'
shown
in the follow-
068
ots.
ots.
$34,273,141
15,464,294
1,401,937
1.698,451
1,676,027
49,102
$27,5*9,964
13,723,115
1.299,'40
1,654,182
1,882,308
95,248
$27,496,130
13.250,801
1,285,779
$54,562,952
$46,184,658
$45,774,240
$4,700,294
5,033,096
18.250,703
,1,144,888
$4,660,633
4,9*7,192
18,735,462
1,127,727
$29,128,9*1
$17,055,676
$29,511,014
$16,263,226
(63-07)
(64-47)
$3,163,523
647,351
416,064
$1,311,605
248.368
539,003
132,153
14,612
51,424
16,308
44,700
107,795
$25,228,110
$21,380,348
$18,514,698
$7,439,585
6,9.9,127
1,936,907
237,816
Tax on bonded debt
2,611
Tax on gross earnings
102,769
United States inter, rev. tax
65,423
Interest on loans, notes and
bills payable
224,845
$7,487*,755
5,9i)3,5o8
$5,421,200
5.972,422
1,883,240
136,788
$16,949,083
$8,279,027
Freight
Passengers
Express
Malls
Rentals
Miscellaneous
Total
Expenses—
Mat ten. of way and struot. $7,190,286
Maintenance of equipment. 5,598,092
Transportation
General
19,9<6,226
1,356,933
..$34,051,587
$20,511,365
(62-41)
Per cent of exp. to earns...
Total
Net earnlDgs
1,652,779
1984,790
103,961
Add—
Dividend on Lake Shore &
Mich, south, stock owned. $3,170,655
Div. onMiohCen.stk.owned
657.S66
Divs.&int. onoth. secur't's.
741,459
Interest on loans, notes
and
sundry bills
Profits from sundry acots...
Gross Income
Interest on funded debt
Rentals of leased lines
Taxes on real estate
Tax on oapital stock
Netlnoome
Deduct—
Reserved to redeem bonds
.
improvement fund..
Add sundry
87,671
35,675
58,905
$15,465,296
$5,915,052
$13,560,227
$4,954,471
$300,000
$300,000
(4%) 4,000,000 (4%) 4,000,000
2,000,(00
$7,237,500
$1,041,527
$4,300,000
$1,615,052
156,195
657,322
$1,197,722
$238,837
$2,272,374
$801,294
$654,471
$2,344,998
97,755
57,050
298,250
$4,300,000
$654,471
profits leased
and prem. on
stock..
Deduct exp. refund, bonds.
Deduot exp. issuing L. S. &
M C. bonds
Deduot miscellaneous
1,493
$240,330
$957,392
$999,049
$2,695,398
—$2,040,927
10,797,498
$1,373,325
9,424,173
30.. $11,754,890
$10,797,498
$9,424,173
Surplus to profit and loss...
Accumulated surplus
Profit
108,334
55,064
$300,000
.
Surplus for year
lines
1,738,127
136,833
(4 \%) 4,937,500
and
loss
June
CONDENSED GENERAL BALANCE SHEET JUNE
1399-00
$
Assets—
Cos' of road
Real estate
Buffalo grade crossings
116,592,816
18.ia9.007
V7o,868
Equipment
Run. oad stocks owned* (proprietaiy
bonds
"
43,666.126
nt.).. 120,1-5,407
Miscellaneous stocks owntd
Real estate not used in operation of road...
Budges
at Albany
Advances to New York & Harlem RR
otner railroad companies
miscellantous companies
„ ,
3,138,156
3,912,885
2,044,276
1,905,878
5,547,5rtl
1,465,716
..
Cash......
Int.,rentals, etc.
61
freight.
SUMMARY OF FINANCIAL OPERATIONS AFFECTING INCOME.
1899-00.
1898-99.
1897-98.
Earnings from-
Tear.
Interest Charges and Surplus.— The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &c, with the
surplus or deficit above or below those charges.
<
142
143
Operations —
Net Earnings.
Current Previous
Tear.
144,739
759,615
38.433
244,963
19,917
115,458
203,089
1,120,036
29,411
1,137
1,437
42,119
1,426
Dividends
Street Railway Net Earnings.— The following table gives
the returns of Street railway gross and net earnings received
this week. In reporting these net earnings for the street
—
1896-97.
2,395
1.527i«
Service oars
Floating equipment.
Special
-Or oss Earnings.
Current Previous
1897-98.
2,395
58,651
1,116
Locomotives
Passenger equlp't...
Freightcars
1898-99.
2,395
1,303
Miles oper. June 30.
!
158,173
146,595
85,142
238,270
195,805
213,823 202,770 1,221,312 1,118,067
June
NewburgSt. Ry
21 ",801
OPERATIONB.
1899-00.
2,829
Equipment —
9
119,910 113,771
722,300
Detroit Clti'ns*St.Ry. 4thwk Auk 56,325 41,722 1,018.157
361,320
Detroit Eleo. Ry.... 4th wk Aug 18,494 12,826
Denver Ctty Tram...
489
662.172
6.075,052
3,e2«,011
Traffic balances receivable
Sundry collect ble accounts
Fuel and supples
-inkinu fund for debentures c 1 1890
Securities acquired fn.m lessor companies..
Total assets
4,465, v 40
8,960.154
1.1P8.843
2,914,150
11,465,000
30.
1898-99.
*
115.482,612
18,168,779
1,692,872
30,340.491
110,690,270
3,i53,166
4,046.785
1897-98.
$
115,289,423
18.H6.101
1.2f8,420
30,152,691
108,944,862
2,691.166
4.021.685
2.044,75
2,043,950
1,905,878
1,905.878
5,261.465
4,973.571
2,032,891
1,187,116
222,629
186,404
4,093,895
1,667,828
8,708,c89
2.661.776
8,9h0.5£>l
4.081.C45
1.688,089
2,327,972
760,>10
450,110
2,914,150
2,914,150
—
340,550,911
312,141,978
304,947,651
Capital stock
114,995,100
99,993,700
99,993.700
79,056
1,116,245
8,000,000
8,914,150
1,121.887
11,764,889
77,625
690,119
6W.936
288,467
2,t)14.150
941,541
10,797,498
2,914,150
30,723
9,424,173
340,550,911
312,141,978
304,947,651
Liabilities
Consolidation certifcates
4,900
6,300
6,300
Bonded debt (she Invest. Supplement). .185,751,021 185,212,631 181,490.983
Bond and mortgage payable
7,000
7,000
7.000
Loans and bills payable
571,250
6,461,037
457,391
W ages and supplies
5,566,2"5
2,676,618
2,63',379
Traffic balances payable
1.2*2,406
1.738,057
1,664,712
Interest and rentals accrued
5,345,038
6,688,835
5,603,862
Dividend payable July
1,000,000
1.000,000
1,437,500
Dividends and interest unclaimed
Sundry accounts payable
Special improvement fund
Securities in trust for lessor com panics
items conv eyed rrom lessor companies
Proflt and :ioss
„
Total
liabilities
Proprietary Interest in other Itnes through ownership of stock is as follows:
L. 8b. & Micb. So. Ky., $90,5: 8.400; Mich. Cent RR., * 18,873,685; CI Cln. Ch. &
St. L, $4,307,380; Ohes. & Obio. $1,638,455; Lake Erie & West., $2,897,643;.
Pitts. & East., $150,000; Dun. Al. V. & P. RR.. $i5«,»t<i; £yr. Gen. & C. Ry
1802,875, Car. Wat. & S. H. RR
$183,800; lMe«r Jersey Junction Rtt., $100,000; other railroads. $ 196.258; $120,185,407.- V, 71, p. 437, 236.
*
,
J
~
.
THE CHRONICLE.
490
Chicago Milwaukee & St. Paul Railway.
(Report for the year ending June 30, 1900.
Chairman
'the report of the board of directors, signed by
Miller and President Earling, together with the income
account and balance sheet, will be found at length on pages
494 to 496 furnishiDg full particulars concerning the property and the year's operations.
The comparative tables of earnings, income account, etc
for four years, have been compiled for the Chronicle as below:
OPERATIONS.
1896-97.
1897-98.
1898-99.
189900.
6,154
6,154
6,151
6,423
Miles oper June 30..
830
815
813
837
jJSSSSS^:-.
784
777
833
Passenger equipm't.
„_ I™
27,819
30,264
34,115
36,648
Freight Amis, oars.
,
ions ~
Passengers carried.
fli}P-T*ct
t
7,154.689
7,095,641
7.677.769
8,677,822
mile.328,178,516 290.017,172 253,485,504 251 110,669
2 362 ots. 2-277 ots.
2337 ots.
Rateperpassp.mlle 2 346ots.
Freight (tons) ear'd. 17,757,419 15,830,156 14,230,742 11,554,153
Fr'ht(tons)car.l m. 13.357,456 t3.070.679 t2.621,348 12.193,241
1-008 ots.
0-972 ots.
937 ots.
Rate per ton per m. 0-929 ots.
""*
Includes narrow-gauge equipment, t Three oiphers (000) omitted.
Pass/carried
HJ(ir7li?lQ8
[Vol. LXX1,
OPERATIONS, EARNINGS AND EXPENSES.
1898-99.
1899-00.
1897-98.
1896-97.
Road oper June 30
Equipment—
472
338
336
339
Locomotives
Passenger cars
162
67
164
53
142
53
132
53
8,858
7,771
7,248
7.050
300
247
261
250
772,871
17,095,22 J
2 12 cts.
4,257.679
733,208
16.255,160
714,827
15,374,634
2-1 16 ots.
2,949 582
431,218
4,373,188
131-52
575,169,465
0-480 ots.
.
Freight cars
Service oars
Operations—
Passengers carried.
Pass, carried
901,425
mile. 23,454.594
Rate per pass perm. 2-12 cts.
1
216
1
cts.
Tonsofbit. ooaloar.
4,561.172
4,092,850
Tons of ooke carried
5"79.382
548.231
592,507
Tot.t'ns:(all fr't) oar
6,247.910
5.874,173
6,641,744
Av.dis. haul 1 ton
123-29
136-16
125 03
Freight (tons) lm.. 904, 350,661 770,285,887 734,471,656
Rate per ton per m.. 0-47 cts.
0412 cts. 0423 cts.
m
Earnings—
$
$
4,430,048
14,177
405,399
3,375,385
7.682
394,675
3,281,794
7,121
4,992,147
3,788,456
3,683,590
3,311,766
1,632,202
1,371.858
1,243.376
597,010
433,025
93,005
62,^03
132.853
1,144,62 3
2,350,243
961.523
$
547,922
Passenger
Freight
Miscellaneous
9
371.773
2,930,987
9,006
1
EARNINGS AND EXPENSES.
1899-00.
—
1897-98.
1898-99.
$
$
$
1896-97.
*
7.698,514
....31,220,217
Freight
MallT express, etc.... 2,965,961
6,778,921
28,773.222
2,758,489
5.717.496
5.986,*40
25,468,852 22.104,803
2,664,469
2,73 3,972
Total earnings.. .41,884,692
38,310.632
34.189,664 30,486,768
Passenger
Expenses
.
—
Total
ExpensesTransportation
Malnt. of equipm't.
Maint. of way, etc..
General
656.743
496,694
102,972
102.000
138,269
586.310
384,172
99,054
70,500
103,719
2,615,613
1,172,843
(6904)
13,512
2.561,572
1,122,018
Other Income
3,128,880
1,833,267
62-67
19,988
22,514
33,510
Total
1,883,255
1,186,355
1,144,532
997^oii
664,421
649,210
647,066
579,877
18,900
303,114
21,717
308,708
421
240,000
18,900
127,964
18,900
121,981
18,900
120,665
4,264
"46.705
Taxes
Ext'dinary
5,100,169
struo. 7,554,788
3,435,151
Main, of equipment. 3,360,469
Oonduot. transpor'n.10,888,728 10.090,268
245,854
277,770
Loss and damase
1,136,668
General offices, &o... 1,232,166
209,665
196,300
Mileage of cars
1,186,166
1,268,000
Taxes.
1,925,000
Renewal & Imp. aoct. 1,550.000
Additional equipm't. 1,475,305
633,895
627,304
Miscellaneous
4,642,275
2.918,524
9,390,370
221,514
1,078,816
217,470
1,134,181
1,125,000
4,334,955
2,464,^39
8,475,313
229,177
984.203
210,257
1,184,231
473,468
494,562
200,000
Total expenses.. .28,420,837 23,962.837 21,201,567 18.577.53P
13.463.855 14,347,795 12,988,097 11,909,229
60-94
62-01
62-55
67-85
P. c. op. ex. to earns.
Net earnings
imp'ts
Total
Net earnings
P.
Maimofway &
&
op. ex. to earns.
c.
Disbursements—
Int. onb'ds & cartr.
Interest on bonds of
proprietary roads.
Rentals
Sinking fund
Special approp't'ns.
Miscellaneous Int.
Dividend on pref...
(4)
1,557,281
Total.
Surplus...
325,974
1397-98.
1896-97.
1898-99.
$
$
$
$
13,463.855
144,756
14,347.795
117,410
12,988,097
131,018
11,909,229
162,822
Total net income. 13,608,611
6,633,170
Interest on debt
14,465,205
6,890,120
13,119,115
7,190,413
12,072,051
7,488,747
Receipts—
Net earnings
Other Income
5,928,702
7,575,085
4,583,304
Balance for dividend 6,975,441
According to the company's method of accounting, one of
the two semi-annual dividends paid on the common and pre
f erred shares during each fiscal year is charged to the earnings of that year, and one is paid out of the earnings of the
year preceding. This system is too complicated to be followed in above income account, and consequently the dividends paid during each fiscal year are stated separately as
follows:
DIVIDENDS PAID DURING THE FISCAl/YEAR.
1897-98.
1898-99.
1899-00.
1896-97.
Stock—
Common.. (5)$2,351,530 (5)$2,318 980 (5ifl)$2,531.463 (4^1,841,090
2,104,245 (7)1.896,363
(7)
Preferred. (7) 2,516.828 (7) 2,278,931
$4,635,708
$4,597,911
$3,737,453
Total div.$4, 868,058
of $6,975,441 for the late fiscal year, the
Out of the surplus
company paid its April, 1900, dividends of 2% per cent on
common and 33^ per cent on the preferred stock, these dividends aggregating $2,449,129, and will pay also the October
dividends, not yet declared.
GENERAL BALANCE SHEET JUNE
30.
1900.
1899.
1898.
$
Assets—
$
$
218,302,681 218,506,635 214,195,295
Road and equipment
657,^91
651,487
Bonds and stocks owned
840,523
546.315
374,315
Due from agents. &o
415,847
1,105.683
Due from cos., individuals,*©. 1,04«,232
1,234,805
351,251
306,316
Due from U. S. Government..
307,516
Materials and fuel
of company on hand...
Stocks of company on hand...
Northern bonds unsold.
Mil.
Bonds
&
3,797,199
7,802,000
4,7<i0
Insurance fund
1,089,003
3,151,866
665,865
5,088,401
2,295.255
10,000
Total assets
214,710.456
Renewal fund
Sinking funds
Cash
Earns, expend. for const'n, &o.
2,467,794
7,507,000
4,700
1,089.000
2,964,758
783,636
6,377,492
2.265,902
5,498,000
4.700
1,039,000
1,661,351
909,442
5,087,743
10,000
10,000
242,148,816
233,520^125
47,146,600
40,454,900
Funded (lebt(see SUPPLEMENT) 131,147,000
595,824
Sinking fund
110,503
Rolling stock fund....
3,060,863
Renewal & Impt. fund
Pay rolls, vouchers .fcinlso.bal. 4,278,652
not due
3,028,860
Interest accrued,
Miscellaneous
14,887,254
account
Income
46,92^,600
35,695,400
136,262,590
689,854
298,520
2,803,^33
3,324,846
3,260,956
310,045
12,779,871
46,026,600
31,818,400
136.588 500
589 780
2*6 692
244,710,456
242,148,816
233.520 125
Liabilities—
Stock, common
Stock, preferred
j
1,698*05
3,255 841
3 377,981
105,124
1900.
Assets—
$
Cost of road Aequlp. 22,449,096
Cost of prop't'y rd».
1,519,391
Investments
1,003,671
Cash
313,518
Bills receivable
118,142
Materials on hand..
410,873
Agents&oonductors
475.644
Individuals and oos.
193,777
Advances and misc.
16,002
Total
26,500,112
Liabilities—
Stock, common
Stock, preferred
Bonds
(see Suppt.)
Car trusts
Real estate mters
. .
Bonds of proprl.rds
Int.
accrued not due
Pay-rolls and vouch
Due to Indlv's & oos.
Miscellaneous
Profit
and loss
120,000
(2)
912,211
232,321
1.916,404
269,951
1899.
(70-96)
766,147
230,886
30.
1898.
1897.
$
$
22,121,755 21,760,605 21,087,970
1,519,391
1,517,949
1,511,820
1,003,670
1,003,670
1,003.670
110,417
23,466
109,378
8 ,561
112,920
292,^00
355,553
332.025
297,890
93,81?
340,011
315,684
87,488
173,560
203,481
10,771
110,271
25,390,419
25.264,198
24,932,164
6,000,000
6,000,000
6,000,000
6.000,000
6,0' 0,000
6,000,000
6,000,000
6,000,003
10,629,000 10,629,000 10,629.000 10,62 ^,000
768. 00D
1,159,000
786.000
527.000
304,000
804,000
301,500
304,000
370,000
370,000
370.00 »
370,000
134,682
131,317
131,392
130 185
614,032
291,088
396,359
626,440
78,992
32,972
26,269
53.357
25,843
5,455
5,455
5,455
1,184,563
858,587
416,315
588,635
Total
26,500,112
25,390,419
25,264,198
24,032,164
-V. 71, p. 285.
Norfolk
& Western Railway.
(Report for the year ending June
30, 1900. J
On pages 497 to 500 will be found the report of Mr. Henry
Fink, President, and also detailed tables of earnings, operations, balance sheets, etc.
Balow we publish a comparison for several years.
OPERATIONS, EARNINGS, EXPENSES, ETC.
Miles oper. June
1899-00.
1,555
1898-93.
1,551
444
236
437
238
416
239
413
242
17,207
17,383
16,048
446
437
293
12
12
11
30...
Equipment—
Locomotives
Passenger oars
Freight cars
18,656
Main, of way,&o.,oars
449
Tugs and barges
12
Operations—
Passengers carried... 2,117,184
Pass, carried 1 mile. .79,816,485
Rate per pass.iper m. 2-327 ots.
Tons freight carried. 10,783.221
Tonsfreightoar.lm.* 2,732,536
Rate per ton per m.. 0-43 J cts.
Earnings—
Passenger
Freight
Mall
Express
Miscellaneous
1897-98.
1,561
1896-97.
1,569
1,716,444
60,665,265
2-318 ots.
6,967,6"2
1,949,450
1,808,050
71,393.098
2-253 ots.
8,837,739
2,456,096
0-397 ots.
1,684,851
66,797,454
2-197 cts.
8,276,948
2,301,312
0-404 ots.
$
$
1,857,305
11,753.062
199,696
167.297
113,645
1,603,414
9,749,094
199,573
156.250
113,807
1,467.532
9,306.899
199,361
147,996
114,335
1,406,223
8,695,633
187,785
14,091,005
11,827,138
11,236,123
10,537,723
1,536,633
1,828,726
3.920.291
297,596
1.542,978
1.727.899
3.974,472
1, 619,964
1,681.449
3,945,143
$
446
$
OtS.
147,880
100,192
9, t-0.\S95
Total
Total liabilities
-V. 71, p. 236.
120,000
BALANCE SHEET JUNE
INCOME ACCOUNT.
1899-00.
(69-54)
330
(2)
602.870
407,003
98,959
7«,704
20,094
Buffalo Rochester & Pittsburg Railway.
(Report for the year ending June SO, 1900 J
The remarks of President Arthur G. Yates are given on
pages 500 and 501 of to day's Chronicle.
The figures of earnings, expenses, balance sheet, etc.,
have been compiled for four year i for the Chronicle as follows:
Expenses—
Maln.ofway, &c... 1,558.803
Main
of equipment.. 2,034,3*3
Conducting transp'n. 4,210,174
General
Taxes
309,807
387,928
8,501,036
6,589,909
60-33
op exp.to earns.
Total
Net earnings
P. o.
*
Three ciphers (000) omitted.
355,856
301,966)
338,784 J
|656.8S0
7,939,102
3,888,036
7,886.093
3,350,024
6712
7018
7.903,451
2,634,27*
75-00
J
J
September
:
INCOME ACCOUNT.
1899 00.
1698-99.
1897-98.
$5,589,909
73.562
$3,888,036
23,364,
$3,330,024
32,963
$5,663,471
Total
$3,911,4C0
$3,382,987
1896-97.
(9 mot. only)
$2,1(4,124
16,182
22,137
909,588
7,444
16,400
909,748
1,520
on car trusts..
Dividends
Miscellaneous
491
Birmingham Alabama & Georgia RR.— Incorporated. —
The plan to extend the East & West RR of Alabama (now
running from Cartersville, G-a., to Pell City, Ala., 117 miles),
to Birmingham, etc., has taken definite shape in the incorporation of the Birmingham Alabama & Georgia RR.
$2,120,306 Co. in Alabama on Sept. 1 with $20,000,000 of autnorized
capital stock. The Kelly estate, which has long owned the
$1,645,146 East & West RR., is represented in the new company, as appears from the following
15,3*11
T. H. Hubbard, E. C. Osborn, John Soott, Thomas
Incorporators
Zimmerman, J. B. Cobbs, C. H. Hudson, Edward
$1,660,457 H. Kelly, Eugene
Deduct—
Interest on bonds. $2,257,239 $2,219,577 $2,211,075
Int.
\
THE CHRONICLE.
8, 1900.]
Net earnings
Other income
:
:
28,358
454,198
4,605
:
Total
Surplus
$3,184,907 $3,158,746 $2,698,236
$684,751
$752,654
'$2,478,564
....
$459,849
* From the accumulated surplus to June 30, 1900, there was paid
$1,5< 0,000 to betterment fund and $470,626 discount on bonds,
branch lines and spurs, etc, leaving surplus June 30,1900, $1,811,441.
GENERAL BALANCE SHEET JUNE
30.
1899.
1900.
1898.
Assets—
$
$
$
Cost of road and equipment. ..136,695,016 134.637,666 134,345,054
2,704,400
2,217,250
Company's securities in treas. 2,'07,i00
338,002
338,103
338,002
Investments in oth. companies.
Accounts receivable303,188
310,407
169,089
Station agents
252,872
175,225
188,773
Traffic balances
49,fl£8
49,927
49,906
U. S. Government
167,469
207,333
324,331
Individuals and companies
695,0 4
1,382,782
730,401
Material and supplies
2,465,<»29
935,778
1,966,714
Cash
76,349
82.S90
139, 86
Miscellaneous
.
1
144,088,791
—
Common
141,t 89,957
139,264,577
23,000,000
66,000,000
Total assets
Liabilities
Adjustment pref. stock
23,000,000
66 000,000
49,0.-»9.500
48,7U,800
293,000
642,338
403,000
643,235
23.000,000
66,000,000
46,710,700
522,000
641,i 33
483,797
81,841
226,810
stock
Funded debt(see Inv. Supp.)..
Equipment liens Interest aoorued on bonds
Accounts payablePay rolls
Audited vouchers
43f>,«23
Traffic balances
60 775
56,947
110,703
590,467
438,907
341,544
111,992
55,250
86,442
594,278
1,50» ,000
1,811,441
1,303,502
1,144,599
144,088,791
141,689,957
139,264,577
Individuals and companies..
Taxes accrued
Reserve funds
Betterment fund
Front and loss surplus
Total liabilities
—V. 71, p. 233,236.
405,378
427,949
78,784
2\063
company
reports as follows
:
1899-00.
$5,637,416
3,580,936
1898-99.
$5,118,013
3,057,489
Net earnings
Other Income
$2,056,4«0
8,278
$2,060,529
133,046
Proportion of fixed oharges, taxes, eto
$2,064,758
1,571,843
$2,193,575
1,589,264
Surplus for the 12 months of
$492,915
$604,311
Daring the receivership the interest charge was deter
mined by Court and the amount included for the year ended
June 30, 1899. was only what was actually paid. If interest
had been paid on securities then in default and now represented by securities embraced in the present interest charge,
the surplus of $604,311 for that year would have been reduced to about $31,000, as compared with the surplus of
$492,915 for the year just ended.
The full 4 per cent per annum on the $11,111,700 preferred stock would call for $444,468.— V. 70, p. 1292.
American Hide & Leather Company.
(Report for 9 months ending May 31, 1900.
The report for the nine months ended May 31 shows:
Total profits nine months ended Mav 31, 1900
$694,937
(
253,95u) and aoorued ($127,875)
Balanoe surplus
Assets
May
31, 1900.
$313,112
31, 1900.
Liabilities -
—
Total
$35,577,030
-V. 70, p.
381,825
BALANCE SHEET mat
Cost of properties
$25,202,423
Stocks of other cos...
430,000
Cash
,
399,248
Due by oustomers.... I,6i5,955
Bills reotivabie
15,811
Sundry book acoounts
2o,799
Hides and ltather tan
'nlng
7,221,641
Drawbacks
56,008
Personal property
301,570
Advances to other 008.
2b3,227
Insurauoe
50,335
Stocks in trust........
10
P.
MlUer.
and E. P.
The articles of incorporation permit the operating of railroad lines in the counties of Jefferson, Walker, Winston,
Lawrence, Blount, Cullman, Marshall, Shelby, St. Clair,
Etowah, Cherokee, Calhoun, Talladega, Clay, Randolph and
Bibb. The piincipal office is Birmingham. Contracts for
construction, it is said, have been let to the Manhattan Construction Co. The Birmingham Belt RR. (see V. 70, p. 944),
understood,
pany.
it is
Boston
is
controlled in tha interest of the
& Worcester Electric
Street
new com-
Ry.— Purchases.— J.
& Co.
of Boston, it is stated, have exercuel in the
interest of this company their options on the Marlborough
Marlborough
Street Ry., the Framingham Southb^ro
Street Ry. and the Union Street Ry. of Framingham.
F.
Sdaw
&
Bridgeton & Millville Traction Co.— Guaranty.—The
form of guaranty endorsed on the gold- 5s is as follows:
Know all men
by these presents that the American Railways Co., a corpora-
tion of the State of New Jersey for a valuable consideration hereby guarantees the payment of the interest upon nn<l coupon attach -d to tbe within
bond and the pa mentalso of the principal thereof to the l»wful holders of
said c mDons nd bonds respectively a«, when and where the same become
due and payable a cordin* to the terms t e e >f. In witness whereof «aid
The Ame ican Railways Co. his <aused these presents to bi sinned ty its
President and sealed with its common or corporate seal, duly attested, th s
day of
. A. D. laOO.
.
The total authorizsd issue of bonds is $500,000, of which
$150,000 is rtsarved for extensions, new equipment, etc and
Co. of
$350,000 was recently offered for sale by Bioren
Philadelphia. The mortgage covers all the property of the
Traction Company, including 22 miles of street railway, new
power-house, etc., and all the bonds of the Bridseton Electric Co. Statement for the year ending May 31, 1900, shows:
Gross from operation, $57,959 other income, $1,001 from Electric
Co. (net), $i,6>)4; total income, $63,f 44; deduct operating expenses,
$38,564, and sundries, $3,165 balance, surplus, $21,915.
See also V. 71, p. 340.
Preferred stock
Common stook
$13,000,00"'
Accrued interest
Sundry book acoounts
Foreign exchange not
yet due
Bonds
Consideration
mentioned in mortgage..
Surplus May 31, 1900,
Total
&
;
1899,
Gross earnings
Operating expenses
Interest paid
E
President, C. H. Hudson; Vioe-Presldents, Edward Kelly
Miller; secretary, I. C. Beatty; Treasurer, J. B. Cobbs.
,
Wisconsin Central Railway.
{'Statement for year ending June 30, 1900,
For the twelve months ending June 30, 1900, and
the
Kelly and
11,500,000
141,156
74,881
2,022,802
8,525,000
80
313,111
$35,577,030
77
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
;
;
Brooklyn Rapid Transit Co.— Treasury Assets.—-The preliminary report for the late fiscal year (see V. 71, p. 338,)
gave the following
MEMORANDUM OP TREASURY ASSETS JUNE 30, 1900.
Owned.
Total issue.
Stocks (par value)—
Brooklyn Rapid Transit Co
$146,228 $45,000,000
Brooklyn Heights RR. Co
200,000
200,000
Brooklyn Queens Co. & Suburban RR. Co.. 2.0 0,000
2,OuO,O0O
8,*' 0,000
P,500,000
Nassau Electric RR. Co., common....
Do. 4 per cent cumulative guaranteed, prf. 6,052,000
Brooklyn Union Elev. RR. Co., com
12,192,972
4,714,353
650,000
35,400
6.500,000
13,000 000
5,000,000
650,000
35,400
$34,490,953
$80,885,400
B'klyn Queens Co. & Suburban 1st M bonds *2,COO,000
Brooklyn City RR. Co. 1st mtg. bonds
*1,627,000
Brooklyn Rapid Transit Co. gold 5s
375,010
Brooklyn Union Elevated 1st mtg. 4-5s
3,111,000
Kings. County Elevated mortgage 4s
2,000, 00
Nassau Eleotrio 1st oonsol. 4s
27,000
3,500,000
6.000,000
7,000,000
16,O"O.O0O
7,000,000
10,474,000
Do. preferred.
Sea Beach Railway Co
Coney Island
& Gravesend
Ry. Co.
Total stocks
Bonds—
Total bonds
Grand
$9,140,000
$49,974,000
$43,630,953 $130,859,400
total
* Composing guaranty fund for performance of Brooklyn City Railroad Company's lease.
t Officially furnished to the Chronicle.
Earnings— The operations of the system for three months
ending June 30, as reported by the Brooklyn Heights RR.,
the operating road, compare with the preceding year, as
follows
Balance,
Interest,
3 mos end.
Gross
Other
Net
surplus.
June 30
taxes, etc.
earnings.
income.
earnings.
1900
$3,091,073 $1,312,029 $85,357 $1,132,892 $26*,494
le99
264,870
940,410
2,840,174
57,055
1,148,225
In addition to the lines operated in 1899, the figures in 1900
inclule the Kings County Elevated for the full quarter, and
also the Prospect Park
Coney Island RR. for the full quarter, against only about two weeks (from tne commencement of
the lease on June 17, 1899,) in the preceding year. The
results for the fiscal year ending June 30 were given in the
Chronicle of August 18 on page 338.—V. 71, p. 338, 187.
—
&
Camden Gloucester & Woodbury
South Jersey Gas Electric & Traction Co
Ry.— Merger. — See
below.— V.
70,
p
t
1048.
RR.—
Chicago Burlington & Qaincy
Sale. Etc., Recorded.—
Certificates of eale of the larkio Valley RR. and of tne NodCouncil
away Valley RR. to the Kansas City Sc. Joseph
St.
Bluffs RR. Co., and of the lease of the Hannibal
&
&
-African Railways Co.— Guaranteed Bonds.— See Bridgex
ton & Millville Traction Co. below.— V. 71, p. 287.
Joseph, Chicago Burlington & Kansas City and the Kaasas
Baltimore & Lehigh RR.-Standard Gauge.—The road is City St. Josepu & Council B.uffs roads to the Chicago Burnow in operation as a standard-gauge line. The track has lington & Quincy RR.. were filed at Jefferson, Mo., on Aug.
been laid with 70-pound steel rails and new rolling stock has
been purchased. The improvements, it is stated, represent
an outlay of about $200,000.— V. 70, p. 1194.
21.-V.
71, p. 437.
Chicago Transfer & Clearing Co.— Constructi.
" Engineering News " says:
n.—The
—
THE CHRONICLE.
492
last week on the proposed new yards,
Co.
to cost about $10,000,000. D. D. Streeter
miles
the contractors, are building an artificial hill to be three work
who are
worth of
long, 700 feet wide and 22 feet nlgn. About Sl.000,000
Ellsworth
will be done this year. Mr. Swanitz is the chief engineer,
Building, Chicago.-V. 69, p. 1011.
This
oompany began work
near Summit,
—
—
&
111.,
—
[Vol. LXXI.
Milwaukee Electric Railway & Light Co.—Allied EnterSee Wisconsin Traction, Light, Heat & Power Co.
below.— V. 71, p. 26.
Missouri Pacific 'Ry.— Funding Notes Called —The $6,712,000 of 5 per cent gold funding notes, dated March 1,
prise.
—
Chicago Weather lord & Brazos Valley RR.—Bonds.— 1895, have been called, and will be paid at the Mercantile
The Texas Railroad Commission has authorized the company Trust Co., No. 120 Broadway, New York, on Oct. 1, 1900, at
miles par and interest then accrued thereon. V.
to issue $644,329 in bonds, or $18,088 per mile, on 35 62
71, p. 135.
of road to be constructed from Bridgeport to Weatherford;
Monte Cristo Railway Co.—Beorganized Company.—
also $35,620 stock, or $1,000 per mile. The line is projected This company has been incorporated at Olympia, Wash., with
from Bridgeport to Waco, Tex., about 155 miles. N.W. $2,000,000 authorized capital stock in shares of $100 each as
Blister, Mayor of Weather ford, is interested, and R. F. Weit- successor of the Everett & Monte Cristo recently sold.
(See
zell, of Weatherford, is Chief Engineer.
that company above.)
Choctaw Oklahoma & Gulf RB.— Bonds Assumed.— See
Muskegon Grand Rapids & Indiana BR. Coupon payLittle Rock Bridge Co. below.
ment.—Coupon No. 24, due July 1, 1898, was paid Sept. 1,
Lease.— The stockholders will vote Sept. 15 on a motion The surplus after paying coupon No. 23 was $4,617; the net
to lease the White & Black Valley RR., 64 miles in length earnings for the six month?, Jan. to June, 1900, both in(see V. 71, p. 83).— V. 71, p. 390, 340.
clusive, were $22,589; total, $27,206; amount required to pay
East & West RB. of Alabama.— Extension, Etc.— See Bir- coupon No. 24, $18,750; surplus as of July 1st, 1900, $8,456.—
V. 70, p. 480.
mingham Alabama & Georgia RR. above.— V. 70, p. 76.
Everett & Monte Crlsto By.—Sold.— At the sheriff's sale
Newark (0.) & Granville Street By.— Successor Comat Everett, Wasb., Aug. 18, the property wasbidin for $100,- pany.—-This company has been incorporated under the laws
000 by a representative of the bondholders' committee. See of Delaware with $300,000 authorized capital stock as sucMonte Cristo Ry. below; also V. 71, p. 437.
cessor, it is supposed, of the Newark Consolidated Electric
The incorporators are: F. M. Black, of
Fort Worth (Tex.) Street By.— Purchase.— A press dis- Ry., foreclosed.
patch says that J. B. Coffenberry, head of a Cleveland syndi Newark, O.; W. S. Wright, P. O. Revmaus, A. Reymans, all
cate, has purchased for himself and associates the two prin- of Wheeling; R. C. Lupton, of Wilmington.— V. 69, p. 492.
cipal electiic street railway lines in Fort Worth— the Fort
Norfolk (Va.) & Atlantic Terminal Co.— Lien for s 190,Worth Street Railway and the City Street Railway. The 395.— At Norfolk on Aug. 24 a mechanic's lien for $190,395
two purchases approximate $400,000 and the plants have was filed by the Tennis Constraction Co. against the Sanford
about fifteen miles of well equipped road. The same syn- & Brooks Co. of Baltimore and the Norfolk & Atlantic Terdicate is backiDg the company which has begun the con- minal Co. for work done and materials furnished for this
struction of a 32 mile electric line connecting Dallas and new electric line from Norfolk to Se well's Point. Of the
—
Fort Worth.— V. 63, p. 473.
Galveston & Western BB.— Purchased.— This road, recently purchased by the Southern Pacific interests, was to be
transferred to the new management on Sept. 1. An issue
of $500,000 first mortgage bonds was authorized by the
stockholders on June 23. See V. 71, p. 29.
Illinois Central BB.— Peoria Decatur & Evansville.— This
company, ap agent, on Sept. 1 took over the operation of the
Peoria division of the Peoria Decatur & Evansville RR. The
Evansville division was taken over Aug. 1. The new cor
porations in which the title to the two divisions will be
vested are the Peoria & Mattoon RR. Co. and the Mattoon &
Evansville RR. Co. respectively (see V. 71, p. 288, 237).— V.
71, p. 287.
—
Iron Range & Huron Bay BE.— Sale. This road, which
said to have cost, with a large dock at Huron Bay,
$1,180,000, is being dismantled, as stated last week. The
road was built about 1892-3, the la f e James M. Turner of
Lansing beitig largely interested. Recently it was sold
for $110,000 to Frank C. Andrews, Joha Winter and Dr.
Lau of Detroit, who, it is stated, will use the rails for a
suburban electric road.— V. 71, p. 390.
Kansas City Suburban Belt Ry.— Becrfvers —At Kansas
City, on Sipt. 6, Stuart R. Koott, President of the Kansas
City Southern Railway, and Eiward F. Swinney, President
of the First National Bank, were appointed receivers by
Judge John F. Pbillips in the United States Circuit Court, of
the Kansas City Subnrban Belt Railway, the Union Terminal
Railway and the Kansas City & Independence Air Line.
The Kansas City Southern Railway Co. owns all the bonds of
these companies except about $47,000, and the receivership is
merely preliminary to getting a clear title. V. 69, p 1346.
Kentucky & Indiana Bridge Co.— Mortgage.— The company has made its new mortgage for $2,500,000 to the Standard Trust Co. of New York and Noble Butler of Indianapolis as trustees. The report of the Southern Ry. Co. on
page 448 of last week's Chronicle contained full particulars
is
—
regarding the loan, etc.— V. 71 p. 342, 2b7.
Louisville Evansville & St. Louis Consolidated BB.—
Settlement.— A settlement has been reached with the committee representing the $670,000 of second mortgage bonds,
which removes the danger of delay in selling the property
under foreclosure and in completing the reorganization.
The sale is expected to takr) place some .time in October
under foreclosure of all the mortgages, six in number.— V.
71, p. 237.
Metropolitan Street Ry. of New York.— Change of MoPower to Take Place Next Spring.—The work of rebuilding the Broadway line for operation by electricity is making
good progress and will soon be substantially completed.
New rails weighing 108 pounds to the yard are being laid
from the Battery to Central Park. Oa Lexington Avenue
the line is ready for the new service, and on Columbus Avenue the preparatory work still remaining is light in charPresident Vreeland, however, says: "We will not
acter.
make the change to electricity until next spring. There yet
remains a great deal to be done in the way of getting the
cars reaiy and arranging details."— V. 71, p. 283, 236.
tive
Mexican Central By.— Equipment Bondi Called.—Thirty5 per cent equipment and collateral gold bonds
due 1919 (second series), have been drawn for payment at
par and accrued interest at either the Old Colony Trust
Co., Boston; the Manhattan Trust Co., New York, or Glyn,
Mills, Currie & Co., 67 Lunbard St., London, E. C, on aud
five ($35,000)
after October
1,
1900.— V.
71, p. 333.
contract price for the new road [given as $328,3)2], it is
stated $137,907has been paid on account.
Omaha Kansas City & Eastern RR. Improved Physical
Condition. The Missouri Railroad
Warehouse Commission, under date of Au». 15, 1900, says
A vast improvement has been made in this property since our inspection of 1899. Something over 153.000 ties have been put in the
track, with about 60,000 now distributed along the line for renewals.
A great deal of ditching and surfacing has been doae embankments
have been strengthened in many places and this is being added to
daily. The bridges have been practically all rebuilt, renewed or filled
during the past year. About 40 miles of this track is laid with 65pound steel, remainder 60-pound, all being in good, safe condition.
From Pattonsburg eastward about 40 miles of track has been thoroughly ballasted with crushed stone and the line thus treated is in
—
&
:
;
splendid condition. A stone-crusher is in operation, with a capacity
of some 18 ears daily, and this product distributed. We heartily approve the eftioient manner in which improvements are being made. —
V. 70, p. 687.
—
Omaha Street Ry. Acquisition. The Benson Railway,
extending to Benson, Neb., a distance of 2 miles, has been
acquired from E. A. Benson, the owner.— V. 71, p. 237.
Panama BB. Called Bonds. First mortgage 4^ per cent
bonds to the amount of §127,000 have been drawn by lot and
will be paid at the Central Trust Co., New York, on the first
day of October, 1900, at 105 per cent.—V. 70, p. 737.
Peoria Decatar & Evansville By.— Transfer of Peoria
Division.— Receiver E. O. Hopkins at midnight on Aug. 31
delivered possession of the Pejria Division to the Illinois Central RR. Co., Agent, which see below.— V. 71, p. 288, 237.
Pittsburg Binghamton & Eastern Railway.— Consolidation Completed.—On Aug. 25th were consjlidated und^r this
title the properties of the Pittsburg Binghamton & Eastern
Railway Co., between Towanda and Binghamton; the Bradford Central RR. Co., between Towanda and Canton, and the
Canton & Welleboro RR. Co., between Canton and Ansonia,
Pa. Th9 proposed line will be about 115 miles in length, exThe
tending from Ansonia, Pa., to Binehamton, N. Y.
officers are: President, F. A. Sawyer; Vice-President, Charles
L. Tracy; Secretary, B. Kuykendall Jr
R. P. McCormick,
Chief Engineer. The principal office is located at Towanda.
Pa. Surveys and rights of way are nearly completed, and
construction work, we are informed, will commence this fall.
The amount of securities to be issued has not yet been determined upon.— V. 71, p. 343.
Pittsbarg & Castle Shannon BB.— Change in Control
A majority (51 per cent) of the company's $481,400 capital
stock has been sold to a syndicate, acting perhaps in the inThe
terest of the new Union Traction Co. of Pittsburg.
Castle Shannon property is described in the Street Railway Supplement, page 76.
Scranton (Pa.) Ry. —First Dividend. The company has
declared its first dividend, one per cent, payable Sept. 1, to
holders of record Aug. 2».—V. 68, p. 674.
Southern Pacific Co.— Officers.— At a meeting of the
company on Thursday resolutions were adopted regarding
the death of President C. P. Huntington, and Charles H.
Tweed was elected to the newly- created office of Chairman
of the board of directors. James Speyer was elected a director, to fill the vaoancy caused by Mr. Huntington's death.
The following committee ha* under consideration the selecCharles H. Tweed, James Speyer
tion of a new president
and D. O. Mills.— V. 71, p. 391.
Sonth Jersey Has Electric & Traction Co.— Virtual Consolidation— Neiv Mortgage.—This company, organized to
bring under one coutrol gas, eltctric- light and trolley interests in Southern New Jersey, has nude a mortgage for
$6,000,000 to the Fidelity Trust Co. of Newark as trustee.
—
;
—
—
:
— — —
—
—
September
As
—
—
THE CHRONICLE
8, 1900.]
part security for the loan are pledged the capital stock
and other interests of the new company in the following:
Camden Gas Light Co,, Camden Gas & Fuel Co., Camden & Burlington Gas & Eleotrio Co., East Side Gas Co., Camden Gloucester &
Woodburv Railway Co., Gloucester City Eleotiio Light * Gas Co.. the
Consumers' Gas Co. of Woodbury and the Woodbury Eleotrio Light
& Power Co.
John J. Burleigh
•
is prominently connected with the new
others interested are said to be David Baird, Wilcompany';
liam J. Thompson, Judge E.A.Armstrong, John J. Bur
leigh and Charles Watson, of Camden; Colonel A. R. Kuser
of Trenton and Thomas N. McCarter of Newark.
Tacoina & Columbia River Rj.— Foreclosure.— Judge
Han ford in the United States Court on Aug. 28 ordered the
foreclosure of this property, which embraces 12 miles of road
in operation as a suburban street railway from Tacoma to
Lake Park, 13 miles. The upset price is $11,000. The road,
The
it is said, has barely been earniDg operating expenses.
Continental Trust Co. is mortgage trustee.— V. 68, p. 674.
Terre Haute (Ind.) Electric Co.—New Line in Operation.
—On Sept. 2 regular car service was begun on the row 18mile line between Terre Haute and Brazil. For the entire
distance the fare is 20 cents.—V. 70, p. 281.
West End Street Ry. of Boston.— Called Bonds.—Thirty
$1,000 five per cent bonds due April 1, 1903, issued by the
Cambridge RR. Co. have been drawn for payment at 105 per
cent, and will be paid on Oct. 1 at the office of the New England Trust Co., trustee, in Boston.—V. 71, p. 437; V. 67, p. 905.
West Virginia Central* Pittsburg Ry.— Earnings -The
report for the year endiDg June 30, 1900, to be given more
fully another week, shows
Interest and
Other
Bal. for
Net over
493
as to the operations of the current year
was given out.— V.
70, p. 1046.
American Sugar Refining Co. Dividend Increased.— The
directors on Tuesday declared a quarterly dividend of \% per
cent on the common stock, payable Oct. 2 to stock of record
Sept. 8. From 1894 to Jan., 1900, the annual rate was 12 per
cent in April and July, 1900, 6 per cent, and now 7 percent.
;
— V. 71, p, 237.
American (Bell) Telephone & Telegraph Co.— Stock Issued. — The capital stock issued and subscribed for
stated
is
on
authority as follows:
exchange for stock of Amerioan Bell Co
"official"
abt. $52,000,000
Issued in
In the Bell treasury representing original investment of
Bell in Long Distanoe Co
32 000,000
Issuable August 15 on paymentof subscription
5,0"0,000
do
do
Jan. 15
Do
5,000,000
$94,000,000
Total
— V. 71, p. 344.
—
American Woolen Co. Earnings. The following statement of earnings for the first seven months of this year has
been officially confirmed Net earnings, $2,147,848 seven
:
;
months' dividend on preferred stock, $816,666 balance for
common, $1,331,182. There is about $29,500,000 common
stock outstanding.— V. 70, p. 1247.
American Zinc Mining Co. Called Bonds. Ten first
mortgage 6 per cent gold bonds of 1899 have been drawn for
redemption at par and accrued interest on Sept. 1 at the
Atlantic Trust Co., New York, after which date interest
thereon will cease. The bonds are numbered 2, 14, 38, 43,
;
—
98.
The capital stock is $500,000; bond
The property is located at Empire City, near
Galena, Kan., and about 6 mile^ west of Joplin, Mo. R. L.
rentals.
income.
dividend
taxes
Gross.
Year
Edwards of this city was elected President in 1899.
$25t>,202
$350,24*
$501,129
$407,083
1899-00. .$1,108,393
Brochport & Holley Waterworks. Plant Sold.— At
315,009
919,274
1898-99..
as above there have been deducted For the tale in Rochester, August 27, this property was purFrom the surplus
:
50, 57, 69. 77, 91
issue, $100/ 00.
and
:
betterments, equipment, etc., $212,533 dividend of 1 per cent
paid March 14, $55,000 div. of 1% P« r cent on stock as increased, payable this month, $150,000, leaving a net surplus
of $83,597. The "other income" includes profits from Davis
Coke Co. (for six months only), $274,324.— V. 70, p.
Coal
;
;
&
1096.
Wheeling & Lake Erie RR.— Report.— The annual report,
to be cited at greater length another week, shows
results fok tear ended jcne 30, 1900 (average 393 miles).
Balance,
r-Deductions—.
Other
Net
Gross
:
earnings.
income.
Interest.
$765,031
391,183.
$l0,u70
$509,117
earnings.
$2,670,024
Taxes,
etc.
$89,750
surplus,
$206,234
-V. 71, p.
Wisconsin Traction, Light, Heat & Power Co.— Incorporated. This company was incorporated at Milwaukee recently with $10,010 nominal capital stock, the incorporators
being Henrv C. Payne, John I. Begg-*, Charles F. Pfiater and
FraDk G. Bigelow, all of whom are officers of the Milwaukee
Electric Railway & Light Co. Mr. Beggs says:
—
The corporation is formed primarily for the purpose of uniting and
fostering certain small properties in the Fox River Valley. The articles of incorporation, however, provide for extensions, and there is
little doubt but that they will serve as an important step to a road
from Chicago to Green Bay. While the company is at present In
every way distinct from the Milwaukee Eleotrio Railway & Light Co.,
the ultimate purpose will he to bring the properties all under one
head.
chased by Herbert Payson of Portland, Me., for $15,000.
Calumet & Hecla Mining Co. Dividend. The company
has declared a dividend of $25 per share (80 per cent), payable Sept. 28, against $10 paid three months ago, when there
was a fire at the mine. The annual rate is therefore restored to 320 per cent, that being the amount paid in 1899-00.
The stock is $2,500,000; par $25 —V. 71, p. 133.
Charleston (111.) Light, Heat & Power Co.— Bonds OfThe Wm. C. Thompson Co. of Chicago offers for sale,
fered.
on a 534-per-cent basis, $45,000 gold 6s, due one to seventeen years, in six months' serial payments, interest semiannually Sept. 1 and March 1, trustee the American Trust &
Savings Bank, Chicago. Denominations $500 and $1000. The
authorized issue is $60,000, $15,000 being reserved for extensions.
Capital stock. $80,000. For calendar year 1899 gross
—
—
earnings reported as $15,899; net, $6,102. The company furnishes all the public and private electric lights in Charleston,
111.
Chesapeake Steamship Co. Organization.— Full particuwere in the Southern Ry. report on page 448 of last
lars
week's Chbonicle.—V. 70, p. 948.
Edison Electric Illuminating Co. of Brooklyn.— Right
to Subscribe.—The $1,104,000 first mortgage 5s have been
called and will be redeemed at 110 on Oct. 1.
To provide for this payment, etc. the holders of the certificates
originally representing the $5,000 000 capital stock, which
in 1893 was exchanged for purchase money 6s of the
Kings County Electric Light
Power, have the right to subscribe till 3 p. m Sept. 10, at 88 for one $1,000 consolidated
mortgage 4% bond (issue of 1893) of the Edison Company
for each 21% shares repre3eated by the old certificates.
A small final dividend, taken as }^ of 1 per cent, remains to
be paid on these certificates, which, including both dividend
and right to subscribe, are being sold at about $2 to $2 50 per
share.— V. 71, p. 184.
,
An
extension of the present line from Appleton to Kaukauaa, it is stated, is the immediate aim of the new company.
&
INDUSTRIAL.
CIAS
AND MISCELLANEOUS.
American Caramel Co. Directors.— The new board of
directors consists of William L. Blair and M. S. Hershey, of
Lancaster; D. F. Lafran. Philadelphia; George W. Williams
of Baltimore, and W. P. Rice of New York. Mr. Blair is
President and Mr. Lat'ean, Secretary and Treas. V. 71,p.343.
—
,
Kings County Electric Light & Power Co.— Refunding.
American Hide & Leather C».— Annual Meeting— Direc- See
Edison Electric Illuminating Co. of Brooklyn above.
tors.
At the annual meeting on Wednesday the board of
V. 71, p. 185.
directors was reduced in number from 27 to 19. The direcMagnolia Cattle & Land Co.— Liquidation.— John C. Rustors now are:
sell and the Columbia Finance and Trust Co., liquidating
Thomas W. Hall, W. N. Eisendrath. E.L. White, Theodore S. Haight,
—
Aaron Hecht, M. Robson,
Roenitz. E. E. Elms, James B. Weed,
Becker, Albert Bernard. Frederiok
J. Ryan, James Skinner, George A. Hill, Henry
8. L.
C H. Buswell, Chas. W. Tidd. Wm.
Strauss, Thomas
Selisrman and Thomas Kiernan.
Offloerc— President, Thomas W. Hall; First Vloe-Preeident. W. N.
Eisendrath; Second Vice-President. E. L. White; Third Vice-President, Theodore S. Haight; Fourth Vice-President, Aaron Hecht; Secretary and Treasurer, George A. Hill.
The first annual statement is on page 491.— V. 70, p. 77.
American Shipbuilding Co.— Contract for Ocean Steamers.
The company recently contracted to build four steel steam-
—
each of a carrying capacity of 3,000 gross tons, for service in the Atlantic coast trade.
The ccst of the boats, it is
said, will be about $200,000 each.
They will be constructed
at the South Chicago yards and will be taken to the sea
through the Wetland Canal. President Brown says:
"I
know of no reason why the company cannot now come in
for a good share of the work of constructing salt-water vesers,
sels."— V.
71, p. 344, 234.
trustees, have declared a dividend of 25 per cent on the bonds
of the company. The total bonded indebtedness was $200,000,
and this dividend, it is stated, pays off the last of the principal of the same, all the floating indebtedness having previously been paid. The following is published :
The company was organized In 1883, with a capital stock of $800,000, and purchased 135,000 acres of land in Borden, Carsen and Dawson Counties, Texas, and about 10,01 head of oattle. In the drought
of 1893 alone the company lost over p.oOO head of cattle in 60 aays.
The company then determined to liquidate.
Marine City (Mich.) Sugar Co.—Increase of Stock.— The
stockholders on Aug. 24 voted to increase the capital stock
from $300,000 to $350,000. The plant is nearly completed.
Cleveland capitalists, it is stated, are interested.
New York Shipbuilding Co.—Purchase.— The company
is
reported to have bought the works of the Gloucester Iron
Co.— V. 70, p. 233.
North Packing & Provision Co.—Dividend Passed.— The
directors have passed the usual semi-annual dividend of 3
per cent. About 75 per cent of the $2,000,000 stock is understood to be owned by Swift
Co. There are also $1,000,000
of 5 per cent bonds due in 1915, interest payable J&J at the
American Steel & Wire.— Regular Dividends.—The direcTuesday announced the regular quarterly dividends
°£ }/i Per cent each on the common and preferred stock, payable Oct. 2 to stock of record Sept. 17. The dividend on the
Massachusetts Loan
common stock is part of the
the year 1899 de-
*° r8 ° n
7 per cent for
clared on Jan. 29, 1900 (V. 70, p. 232).
No
official
statement
&
& Trust Co.,
!3?*For other Investment
Boston.
News see Page
506.
:
THE CHKONJCLE.
494
jepxrrts
[Vol. LXXI.
uu& ^otummts.
CHICAGO MILWAUKEE &
PAUL RAILWAY COMPANY.
ST.
THIRTY-SIXTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE
The Directors submit to the Stockholders the following report of the business and operations of the Company for the
year ending June 30th, 1900, and of the condition of its
property and finances at the close of that year.
The operations for the year show the following results:
Gross earning
Operating expenses, Including taxes
•SHIfrSSSni
Zti.itv.ao' vi
Net earnings
Inoome from other sources
$l8
$13,608,^10 66
6,633.170 41
Total
Fixed charges— Interest on Bonds
Balance above
all
tf?:M«2?
144, 7000/
$6,975 ,440 25
charges
During the year two dividends aggregating seven per cent
were paid on the preferred stock and two dividends aggregating five per cent were paid on the common stock of
which the dividends paid October 21st, 1899—three and onehalf per cent on preferred and two and one half per cent on
common stock were from net earnings of the previous fiscal year, ending June 30th, 1899.
—
—
MILES OF TRJlCK.
Owned
by
solely
this
Company
:
6,397-07
Main track
Second main traok
Third main track
Fouith main track
259 69
5 02
1'72
Connection tracks
3215
•
1,525*97
Yard tracks, Bidings and spur tracks
8,221-62
Owned
jointly with other
Companies
25-60
Main traok
Second main traok
1'83
2-20
Connection tracks.
Yard
tracks, sidings
52*94
and spur tracks
82-57
Used by
this
Company under
contracts
23-81
1-14
The
In
63 84
8.368 03
Total miles of track
lines of road are located as follows
:
334-52
1,649 88
1,782 48
1,120-09
Illinois
" Wisconsin
" Iowa
" Minnesota
" North Dakota
"* South Dakota
" Missouri
" Michigan
11821
1,122-27
140-27
154-95
,
6,422*b7
&
lines of the Des Moines Northern
Western Railroad
Company— 146-95 miles in length— acquired by this Company in January, 1899, became a part of this system July
1st, 1899, and the accounts are merged from that date.
The extensions of the lines acquired from the Des Moines
Northern
Western Railroad Co. from Fonda to Spencer, a
distance of 43*48 miles, and from Rockwell City to fctorm
Lake, a distance of 38-58 miles, which were under construction at the close of the fiscal year ending June 30th, 1899,
were completed during the present year. The cost of these
extensions to June 30th, 1900, was $975,301 69.
Of the extension of the Libertyville line to Fox Lake—
19-70 miles in length 16-58 miles have been completed. The
cost of the extension to June 30th, 1900, is $494,008 56.
This Fox Lake line is now being extended to Janesville,
Wisconsin, for the purpose of providing a direct connection
to Chicago for the business tributary to the Prairie du Chien
and Mineral Point Divisions.
Extensions of the Company's lines from Napa, six miles
north of Yankton, to Platte, a distance of 82*2 miles, through
.the Sioux Reservation, in Cnarles Mix Countv, South
Dakota; from Bowdle to the Missouri River, 40*52 mdes;
and from Ponca to Crystal Falls, Michigan, 6*93 miles; and
4*33 miles of spur tracks to iron mines in that locality, are
under construction -all of which will be completed during
the current year.
The elevation of the track in the City of Chicago from
Central Park Boulevard to Mayfair and from Hawthorne
Avenue to Wood Street has been completed. The total cost
of this work to June 30th, 1900, is $707,023 09, which has
been charged to Renewal and Improvement Fund.
The reduction ot grades on the La Crosse Division, and
&
—
Chicago
Operating Expenses.
ROLLING STOCK.
At the
ending June 30th, 1899, the
Rolling Stock Replacement Fund amounted to $ '98,520.
During the year j nst closed there has been added to the
fund by charging to Operating Expenses the sum of $167,583 17 for the cost of the replacement of 20 locomotives and
the sum of $360,026 31 for the cost of the replacement of 680
cars destroyed or taken down during t^e year.
There was expended of this fund, for the replacement of
33 locomotives. $305,323 17, and for the replacement of 804
cars, $410,303 81— a total of $715,626 98 a* follows:
close of the fiscal year
For 33 Locomotives
" 373 Box Cars
" 250 Stock Cars
" 170 Flat Cars
"
2 Ore Cars
"
9 Caboose Cars
$305,323 17
166,68147
151,87511
84,910 16
1,473 28
5,363 79
.
The unexpended balance of the Replacement Fund for
Locomotives June 30th, 190<>, amounted to $84,960 00, and
the unexpended baHnce of the Replacement Fund far Cars
ment
to $20,542 50
— which is sufficient
&
Council Bluffs Division, in Iowa, has been continued, and the expenditur s therefor to June 30th, 1900
are $703,134 05 for the La Crosse Division and $338,231 32 for
the Chicago & Council Bluffs Division, in Iowa. This ex-
pense has been charged to Renewal and Improvement Fund.
in
to replace the
shown by
state-
pamphlet report.
There are now 39 locomotives that have been dropped
from the Equipment list and replaced with new and heavier
locomotives and the cost charged to Operating Expenses
which are still in use on lines of light traffic and will be
scrapped when they require heavy repairs.
There has been expended during the year and charged to
Operating Expenses, for new cars purchased and built, the
sum
of $1,475,304 94, as follows
For
21
"
2
«•
Total length of main traok
The
Lake Superior Railway Company by which it obtains the
right, for twenty years, to the use of its track from Chan
ning to Escanaba, Michigan; and is now engaged in the
construction of ore-docks at Escanaba, for receiving and
forwarding iron ore from its lines.
During the year 58*95 miles of side and spur tracks have
been constructed, the cost of which has been charged to
shortage of 10 locomotives and 31 cars as
3889
1900.
A second main track has been completed from Savanna to
Sabula Junction, with the exception of the line over the
bridge, at a cost of $53,172 98.
Second main track from Marion to Mar telle, in Iowa, a
distance of 12-59 miles, is under construction— of which 2-71
miles were completed at the close of the year.
This Company has made a contract with the Escanaba &
amounted
:
Main traok
Seoond main traok
Third main traok
30,
13
3
2
1,137
"
"
"
500
80
250
198
'•
"
«
"
"
3
:
Passenger Coaohes
Parlor Cars
Baggage Cars
Mail and Express Cars
Postal Cars
Box Cars
Furniture Cars
Flat Cars
Coal Cars
Ore CarB
Caboose Cars
$154,191 66
31,209 49
34,302 55
8,41599
8.308 88
584,11611
329,256
39,957
137,903
145,854
19
72
86
56
1,787 93
The total expenditure for Rolling Stock during the past
year— including that for replacement and that for additional
equipment — 3,013 Cars and 33 Locomotives was $2,19J,-
—
931 92.
The total freight car equipment of the Company had been
equipped with automatic couplers, and 74*22 per cent had
been equipped with air-brakes at the close of this fiscal
year.
The average number of freight cars in service June
1900, per mile of road was 5*6.
There were in freight service
June
30th,
30th, 1891, 24,814 cars
with a carrying capacity of 466.671 tons, whiL on June 30th,
1900, there were 36,04S cars with a carrying capacity of 863,336 tons.
For
CAPITAL EXPENDITURES.
New Lines-
Fonda to Spenoer, Iowa
Storm Lake, Iowa
...
Janesville Extension, Wisoousln
Fox Lake Extension, Illinois
Crystal Falls Extension, Michigan
Napa to Platte, South Dtkot
Bowdle to Missouri River, South Dakota..
Rockwell City
to
t
$395,125 54
459.154 77
2 ',060 61
494,008 56
44,488 05
385,437 04
84,i67 36
.
For Second Main Track, Marion to Martelle. Iowa
" Real Estate
Total
$2,113,641 93
48.M9 S2
13 1,753 16
$2.?95.254 9l
These additions to property have been paid for out of the
Earniugs of the Company, for which the Treasury will be
reimbursed.
—
September
THE CHRONICLE.
8, 1900.]
COST OF ROAD AND EQUIPMENT.
Cost of Road and Equipment June 30th,
....-••-..*
--•
1899
Brought forward
$218,506,634 82
-
Paid In settlement of claim against the
Central Railroad of Minnesota
3,000 00
$218,509,634 82
transferred to Renewal and Improve....$137,103 44
ment Account. Ootober, 1*99
Cost of tracks taken up, buildings taken anaernan
69,850 88
down or destroyed, etc
Cost of Road and Equipment June 30th, 1900
„
$218,302,680 50
Amount oredited to Renewal and Improvement Fund and deposited to oredit of Com-
New
$5,150,000 00
131,273 40
York, to June 30th, 1900....
Interest
$5,281,273 40
Expenditures—
For elevation of tracks in Chicago:
$528,658 87
Chioago 4 vinwaukee Division
178,364 22
Ohloago & Counoil Bluffs Division
For Third and Fourth Main Traoks:
mMmM, M 45
,m
145,224
Chioago & Milwaukee Division
Grade and Perfecting Line
For Reducing
703,134 05
LaCrosse Division
Cnioago & Council Bluffs Division in Iowa. 338,231 32
For Esoanaba Dooks and Traok Connections 180,618 25
146,178 93
For completion of Second Main Traoks
Unexpended Balance June 30th, 1900
$3,060,863 31
close of the last fiscal year the share capital of the
to $82,519,000 and consisted of $35,595,400 of preferred stock, and $46,923,600 of common stock.
It has been increased during the present year by $4,859,500 of preferred stock and $3<!3,000 of common stock, issued
in exchange for the same amount of convertible bonds canceled, and amounts at the close of the year to $87,601,500.
The amount of capital stock per mile of road is $13,639 42.
;
FUNDED DEBT.
the close of the last fiscal year the funded debt of the
$136,226,500.
has been increased during the present year by the issue
of $295,000 of General Mortgage Bonds and it has been decreased $5,374,500 by underlying bonds retired and canceled,
as shown on page 25 of pamphlet.
The funded debt at the close of the fiscal year ending
June 30th, 1900, was $131,147,000—a decrease of $5,079,500
It
since last report.
The amount of funded debt per mile of road is $20,419 39
on which the interest charge per mile of road is $1,063 19.
The total capitalization of the Company per mile of road
is $34,058 81.
TREASURY BONDS.
At the close of the last fiscal year the amount of the Company's bonds in its treasury and due from Trustees was $9,596,000.
been increased during the present year $295,000,
Mortgage Bonds received for underlying bonds canceled by sinking funds; $98,000 for underlying bonds maturing July 1, 1897, February 1st, 1898, and
July 1st, 1899, paid and canceled; and $3,000 for balance of
cost of real estate and other additions and improvements to
the property, to June 30th, 1899.
Bonds in the treasury or due from Trustees June 30th,
1900, amount to $8,891,000, as shown on next page.
Of this amount $324,000 are General Mortgage 4$ Bonds
$7,478,000 are General Mortgage 3*£$ Bonds, and $1,089,000
are Milwaukee & Northern RR. Co. Consolidated Mortgage
hasi
as follows: $194,000 General
;
6$ Bonds.
These treasury bonds represent actual expenditures for
extensions, improvements, additional property and underlying bonds paid and canceled, out of the cash receipts of the
Company from the operations of its lines.
At the
close of the last fiscal year the amount of bonds
purchased by the Company and held in Investment Aocount for Sinking Fund purposes was
$161,000 00
There have been canceled during the year:
21 First Mortgage Bonds, Wisconsin Valley
Division
$21,000 00
84 First Mortgage Bonds, Dubuque Division. 84 000 CO 105,000 00
Par Value of Bonds in Investment Account
June 30th, 1900, as shown on next page
$56,000 00
$76,942 37
103,945 9^
29,770 00
last report
Paid losses during the year
Paid expenses during the year
under
re- insurance
results
crease of $883,940 68 in net earnings.
The earnings from freight traffic were $31,220,217 27
74-54$ of total earnings— an increase of $2,446,994 84, or 8*50$.
The number of tons of freight carried was 17,757,419— an
increase of 1,927,263 tons, or 12-17$.
The increase in number of tons of freight carried was in
the following commodities: flour and mill feed, 109,228 tons;
barley, 184,349 tons; corn, 39,504 tons; hay, 32,951 tons;
dairy and other agricultural products, 35,581 tons; provisions, 24,464 tons; salt, 5,042 tons; lime, cement and plaster,
42,780 tons; brick and stone, 128,811 tons; iron and steel,
144,485 tons; iron and other ores, 198,829 tons; manufactures,
159,890 tons; coal, 81,377 tons; coke, 19,228 tons; live-stock,
30,308 tons; lumber, 119,440 tons; other forest products,
292,108 tons; wines, liquors and beers, 44,084 tons, and merchandise, 454,809 tons.
The following commodities show a decrease from the previous year: wheat, 127,387 tons; rye, 27,169 tons; oats, 36,164
tons; flax-seed, 7,861 tons, and ice, 21,424 tons.
The number of tons of all agricultural products carried
during the year was 5,187,126 tons an increase compared
with the previous year of 203,032 tons, or 4*07$. Agricultural products comprised 29-21$ of the total tonnage carried,
as compared with 31*48$ of the total tonnage of last year.
The number of tons of commodities other than agricultural products carried during the year was 12,570,293 tons
an increase compared with the previous year of 1,724,231
tons, or 15-90$ the per cent of the total being 70-79$, against
68-52$ last year.
The number of tons of freight carried one mile was
3,357,456,584—an increase of 286,876,874, or 9*34*. The
revenue per ton per mile was "930 cents a decrease of -007
cents or 75£. The average miles each ton of freight was
carried, 189-07 miles -a decrease of 4-90 miles, or 2*53$.
The number of tons of freight carried per loaded car
was 12-20, against 11-84 last year an increase of 3-04$.
The number of tons of freight per freight train mile was
205-13, against 186-58 last year an increase of 9-94$.
The
revenue from freight per freight train mile was $1-9074, as
against $l 7484 last year— an increase of 9*09$.
The average rate per ton per mile received for freights,
for a series of years past, has been as follows, viz.:
1 '70 cts. 1891
2*54 cts 1881
1871
1-003 Ots.
2-43 "
1872
1-48 ••
1-026 "
1882
1892
e
2-.
"
1873
1-39 "
1-026 "
1883
1893
2-38 "
1874
1-29 "
1-037 ««
1884
1894
•*
2-10
1875
1-28 "
1885
1895
1075 "
2-04 "
1876
1-17 "
1886
1896
.....1003 "
"
••
2-08
1877
1-09
1887
1897
1008 "
1-80 "
1-106" 1898
1878
0-972 "
1888
"
1-72
1-059" 1899
1879
0-937 "
1889
1-76 "
1880
0-930 "
1890
0995
1900
—
—
—
—
—
-
policy
1
1,079 76
3,648 53
$225,336 61
$38,261 37
3,894 91
42,156 28
~~
$183,230 33
during the year were
traffic
$7,693,513 51—18-38$ of total earnings— an increase of $919,592 31 over the previous year, or 13 -57$. The number of
passengers carried was 8,677,822— an increase of 1,000,053,
or 13-03*. The number of passengers carried one mile was
328,178,516 -an increase of 38,161,344, or 13-16£ the revenue
per passenger per mile was 2-346 cts. an increase of "009
—
cts.,
or -39^
;
;
the average miles each passenger was carried
an increase of "05 miles, or -13$.
37-82 miles
—
EXPENDITURES.
The
Premiums received during the year
Income from investment of Guaranty Fund
Interest on money loaned
for fire losses
$31,670 00
interest
EARNINGS.
from operation of your Company's lines during
the year ending June 30th, 1900, compared with the previous
year, show an increase of $3,574,059 51 in gross earnings an
increase of $4,458,000 19 in operating expenses, and a de-
was
INSURANCE DEPARTMENT.
Amount oolleoted
50,000 00
50,000 00
50,000 00
$728,000 00
The earnings from passenger
BONDS IN INVESTMENT ACCOUNT.
Cash balance at date of
110,000 00
6,000 00
;
At the
This
Kansas City BeltRy. Co. 6% bonds
Dakota & Great Southern Ry. Co. 5% bonds
Chioago Burlington & Qulncy RR. Co., Nebraska Extension 4% bonds
Baltimore & Ohio RR. Co. 3 *•% bonds.
Northern Pacific Ry. Co. 4% bonds
The
CAPITAL STOCK.
At
Company was
The Guaranty Fund is now $709,788 75- represented by
$728,000 par value of bonds. Guaranty Fund June 30th, 1899,
was $610,665 -represented by $627,000 par value of bonds.
The Guaranty Fund is invested as follows
Chicago Milwaukee & 8t. Paul Ry. Co. bonds.
General Mortgage 4%
$135,000 00
Consolidated Mortgage 7%
10,000 00
Southern Minnesota Division 6%
7,000 00
4,000 00
La Crosse <& Davenport Div. 5%
Chicago & Pac. Western Div. 5%
6,000 00
462,000 00
Amount of
2,22 0,410 09
Total Expenditure
99,123 75
$84.106 58
Par value of bonds
:
Company amounted
bonds
$46,812 50
$50,000 Northern Pacific Ry. Co. 4% bonds.. 51,211 25
$1,000 Chioago Milwaukee & St. Paul Ry. Co.,
Chicago & Pacific Western Division 5% bond 1,100 00
:
2 06,954 32
RENEWAL AND IMPROVEMENT FUND.
in
§183,2303*
Paid for bonds purchased:
$50,000 Baltimore & Ohio RR. Co. 3*2%
Cash Balance June 30th, 1900.
Cost of completion of second main
track oharged to Cost of Road and
Euutpment prior to June 30th. 1899,
pany
495
cost of operation has been considerably increased
during the year by the increased cost of material, fuel and
supplies of all kinds, and also the increased cost of labor in
Maintenance of Way.
There was an increase in the average cost of the principal
articles of material consumed during the year, as follows:
Rails, $7 82 per ton; ties, 8 cents per tie; coal, ll cents per
ton; lumber and timber, $1 50 per thousand feet.
Tbe expenses of Maintenance of Way and Structures were
$7,554,787 81; Maintenance of Equipment, $3,360,469 00; Con-
——
.
THE CHRONICLE.
496
ducting Transportation, $10,888,728 06 Renewal and Improvement Fund, $1,550,000 00; Additional Equipment, $1,475,304 94, and General Expenses, including Taxes, $3,591,;
547 20.
The increase in expenditures
Structures was $2,454,619 01;
for
for
Maintenance of Way and
Conducting Transporta-
tion, $798,459 85 ; for General Expenses, including Taxes,
$179,298 38; and for Additional Equipment, $1,475,304 94; and
a decrease of $74,681 99 for Maintenance of Equipment, and
$375,000 for the Renewal and Improvement Fund.
In the expenditures pertaining to Maintenance of
Way
and Structures there was an increase from the previous
year as follows: Repairs of Track, $536,755 30; Renewal of
Rails, $907,147 48; Renewal of Ties, $405,148 25; Repairs of
Repairs of Fences, $2,324 17, and for
Bridges, $449,496 08
;
Repairs of Buildings, $153,747 73.
The expenditures for repairs of Track during the present
year include the amount of $325,612 40 for 58-95 miles of
side and spur tracks; $175,506 29 for ballasting on lines not
previously ballasted; and $17,54 J 36 for reducing grades—
except on the La Crosse and Council Bluffs Divisions, the
[Vol. lxx:.
The payments of the Company for labor directly employed
in its service during the vear were $15,502,731 20, as compared with $13,739,112 92 last year; and for Material and Supplies, $11,647,630 05, as compared with $7,704,004 27 last year.
The Board has continued the policy which has prevailed
making improvements of the property and including them in Operating Expenses, when the
for several years pa9t, of
earnings justify.
The principal items of improvements charged as Operating Expenses are new passing, side and spur tracks; ballasting lines not heretofore ballasted; strengthening bridges
and replacement of wood with steel filling openings new
fences; new freieht and passenger stations; imDrovement
of grades and alignment
elevation of tracks at Chicago.
It has seemed prudent also to charge Operating Expenses
with the cost of building cars during the year past against
the time when there will be a large number of small cars
to be retired from service.
During the past year the company has sustained the loss
by death of its Director, Mr. C. H. Coster, whose services
were unusually valuable, and whose relations to the Board
were of the most pleasant character.
;
;
;
which was charged to Renewal and Improv'fc Fund.
Renewal of Rails includes 62,624 tons of new steel rails,
To the officers and employes of the company much credit
costing $1,587,667 18. During the previous year 25,494 tons
The weight is due for the faithful and efficient manner in which they
rails were laid, costing $446,995 65.
of new steel
have performed the duties assigned them.
of steel rails used in renewals is 75 and 85 pounds per yard.
For details of operation, reference is made to the stateRenewal of Ties includes 1,827.838 new ties— costing
During the previous year 1,340,924 new ties, ments of the General Auditor, appended hereto.
$775,58102.
By order of the Board of Directors.
costing $460,972 07, were placed in track.
The expenditures for Repairs of Bridges include the total A. J. Earling,
Roswell Miller,
cost of 88 steel bridges, aggregating 8,031 feet in lengthPresident.
Chairman of the Board.
replacing an equal number of wooden bridges; the filling of
August, 1900.
about 3-56 miles of pile bridges with earth— 293 bridges having been completely filled and 103 reduced in length by fillSTATEMENT OF INCOME ACCOUNT, JUNE 30TH, 1900.
ing; and the replacing of 236 wooden culverts with iron.
$12,779,871 41
original Credit Balance, June 30, 1899
The cost of these above the cost of renewal in the
Dividends payable October 21st, 1899,
form was $427,293 67.
from net earnings of flsoal year endThe expenditures for Repairs of Buildings include th9 sum
ing JuDe 30th, 1899, viz:
of $148,202 56 for the completion of new structures which 3 V/o on $35,595,400— Preferred Stock.. $1,245,839 00
were under construction at the close of the previous fiscal 2*3% on $46,923,600-Common Stock... 1,173,090 00 2.418.929 00
year and $113,490 36 for Passenger Stations at Sioux City, Balance July 1st, 1899
$10,360,942 41
Libertyville, Elk Point, Albert Lea, Rockwell City and Gross Earnings for the year ending
June 30th. 1900
$41,884,692 00
other points Freight Warehouses and other structures at
Less Operating Expenses, inoluding
Minneapolis, S~oux City and various stations— some of
taxes
28,420,837 01
which were not completed at the close of the year.
$13,463,854 99
The expenditures for Maintenance of Equipment during Net Earnings
144,755 67
the year were $3,360,469 00 -a decrease of $74,68199 from Income from other sources
amount of $527,609 48 Net revenue for the year ending June
the previous year and include the
cost of
;
;
;
charged to Operating Expenses to replace the loss of equipment during the year, as against $601,897 86 expended the
previous year.
In the expenditures pertaining to Conducting Transportation there was an increase of expenses of $798,459 85, as folConductors, Baggagelows Station Service, $226,376 61
men and Brakemen, $47,266 73; Engineers, Firemen and
Wipers, $116,381 27 Train and Station Supplies, $57,356 02
Fuel Consumed, $269,277 81; Oil and Waste, $9,295 13;
Rental of Tracks and Terminals, $92,358 80 and in Switching charges a decrease of $19,852 52.
The amount paid the United States Government for Internal Revenue Tax during the year was $64,038 73.
:
;
:
;
30tb. 1900
Interest accrued during
$13,608,61066
theyearonFundedDebt.$6,633,170 41
Dividend payable April
20th, 1900, from net
earnings of fiscal year
ending June 30th, 1900,
viz.:
on $3 s.305,400 -Preferred Stock
1,270,689 00
3 V/o
2^%
on
Common
$4\137,6C0Stock
1,178,44000
9,082,29941
;
Balanoe for the year ending June 30th, 1900
Credit Balance, June 30th, 1900
GENERAL ACCOUNT. JUNE
OR.
CommonStock
Union Trust
Co.,
New York
Insur an ce Departm ent.
Investment Account—Cost of Bonds
purchased for Sinking Fnnd purposes
Mortgage Bonds of the Company,
unsold, held in its Treasury, and
due from Trustees
Milwaukee
&
Northern RR. Co.
Stock of the Company held in
Treasury
Stock of Material and Fuel
$87,601,500 00
131,147.000 00
Preferred 8tock
557,690 75
$218,748,500 00
572,895 02
Wisconsin Valley Division Sinking
Fund
Dubuque Division Sinking Fund.
$1,027 75
. .
572, 156 16
288 89
573,183 91
573,183 91
409 08
24,818 85
$1,484,118 09
1,667.747 92
Sinking Fund, Income Convertible
Bonds
Renewal and Improvement Fund...
Replacement Fund— Looomotlves...
Replacement Fund— Cars
Pav-rolls and vouohers
89,960 00
i 0,542 50
67,452 50
$7,802,000 00
00
$2,575,016 30
Due Sundry Companies—
Balances
Operating Balances
Miscellaneous Balanoes
Dividends unclaimed
Interest Coupons not presented
Interest Accrued, not yet payable,
inoluding Interest due July 1st
Traffic
1 ,089,000
22,640 00
3,060,863 31
110,502 50
3,151,866 01
10,000 00
6%
Consolidated Mortgage Bonds unsold in t he Treasury of this Co. . . .
$40,454,900 00
47,146,600 00
Total Capital Stook
Funded debt
$218,302,680 50
Farmers' Loan & Trust Co., Trustee.
United States Trust Co., Trustee
Depositaries of Renewal Fund
United States Trust Co., New York.
$14,887,253 66
30TH, 1900.
DR.
Cost of Road and Equipment
Bonds, Stock, etc., of other Companies
Cash and Bonds held in Special
Trust for Dubuque Division and
Wisconsin Valley Division Sinking Funds
New England Trust Co.. Trustee,
Dubuque Division and Wisconsin
Valley Division Sinking Funds...
4.526,311 25
Income Acoount
239,846
302
1,361,592
52,556
49,337
84
68
21
58
50
3,028,860 42
7,807,512 53
14,887,253 66
8,891.000 00
its
Due from Agents and Conductors....
4,700 00
3,797,199 95
$546,815 38
Due from 8undry Companies
Traiflo Balances
Operating Balances
Miscellaneous Balances
Due from United states Government
Cash Expended from Earnings for
Construction of new lines, for real
estate, etc., for which the Treasury
has not yet been reimbursed
Cash on hand
60,750 00
225,163 60
762,318 92
351,250 70
2,295,254 91
5,088,400 85
9,329,454 36
$244,710.455 91
$244,710,455 91
September
THE CHRONICLE.
8, 1900.]
497
NORFOLK & WESTERN RAILWAY COMPANY.
FOURTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE
New York,
To
the
&
Stockholders of the Norfolk
Company:
The following report
August
is
$4,601,8/4 SO
Dividends on Adjustment Preferred shares:
No. 5.— 2 per cent, August 24.1899
$454,874
454,874
No. 6.-2 per oent, February 23, 1900..
Betterment Fund
1,500,000
on 1st Consolidated MortDiscount
gage Bonds, branch lines and spurs,
surveys. Hospital building at Roanoke, etc
470,625
herewith sub-
:
MILE3 OF ROAD OPERATED.
At the close of the year the length
was 1,554-65 miles, as follows
1900.
.
From which deduct —
Company
of the operations of the
for the 6scal year ending June 30, 1900,
mitted by your Board of Directors
Brought forward
10, 1900.
Western Railway
30,
00
00
00
/
06
of the line operated
2,880,373 06
:
Main
Lambert's Point, Norfolk, to Bristol.
Branches
Lynchburg to Durham
Branohes
Hagerstown to Roanoke
Branohes
Roanokb to Winston-Salem
Radford to Columbus
Branohes
North Carolina Junct. to Iron Bridge.
Branohes
Graham to Norton
Branches
"
The sum of $1,500,000 charged to surplus and credited to
betterment fund was appropriated for the betterment and
238-11
"
improvement of the Company's property.
121-30
401-87
"
"
45-19
"
100-40
3-18
"
12-96
'»
"
37-68
21-61
August 24, amounting to $454,962.]
The following Comparative Statement of Earnings and Expenses for the years 1900 and 1899 shows the growth of the
Company's Traffic and Net Earnings in two years:
"
11-49
[Note. —Another dividend, No. 7, of 2 per cent, has been
declared on the Adjustment Preferred shares, payable
"
"
"
"
1,55114
Columbus Connecting & Terminal Railroad.
"
"
3-51
3-87 miles.
"
1-78
"
21-89
Roanoke to Elllston
"
1-38
East of Montgomery
Montgomery to Radford
1705 "
"
5-21
Tulip to Bluefleld Yard
Bluefleld to Bluestone Junction
1097 "
"
7-49
Maybeury to North Pork Junction
East of Keystone and East of Vivian.. -63 "
Lambert's Point to Norfolk
Norfolk & Southern Junotion
Expenses.
gal n tenanoe of Way
and Structures
Total
1,552
new branches have been added and
EARNINGS AND EXPENSES.
1900 and 1899.
•«
"
64
55
42
03
I.
23 24
11,046 24
D. 162 69
I. $248,890
I. 2,003,968
1
156,280 31
113,807 33
$14,091,004 93
Total
Inc. or Dec.
1899.
$1,608,414 45
9,749,094 35
199,573 25
40
$11,827,139 69
N
8 fr
1.
L 92,2
$1,536,633 40
I.
24
$22,170 03
1,828,725 66
1.
205,657 44
3,920,29121
I.
289,883 24
653,452 87
I.
7.
$8,501,095 68
$7,939,103 14
\
^pfra'C^^T^^oT^
$3,888,036 55
44,281 83
$561,992 54
£
/.
L
$l
7%
872 70
'l°^i%
The operating expenses, including taxes, were 60*33 per
cent of the gross earnings, or 6*8 per cent less than for the
preceding year,
Exclusive of taxes, the operating expenses were 57 58 per
cent of the gross earnings, as against 64*13 per cent for the
preceding year.
The gross earnings were $9,079, and the net earnings
$3,602, per mile of road operated.
Revenue—
INCOME ACCOUNT JUNE
Gross earnings
Operating expenses, including taxes
30, 1900.
$14,091,004 93
8,501,095 68
Ket earnings
$5,589,909 25
73,562 41
Other income, interest and dividends
Total income
$5,663,471 b6
Fixed Charges—
On funded debt
On oar trust obligations
2,273,639 22
Net inoome for year to June 30, 1900
Deduct advanoes to subsidiary companies
$3,389,832 44
1,520 12
Add surplus June
$3,388.312 32
1,303,501 88
30,
1899
78
$1,542,977 66
I.
$15,825 77
1,727,898 99
I.
306,484 11
3,974,471 77
I.
235,702 68
697,734 70
640,750 46
$7,886,098 88
°™
$5,589,909 25
$3,350,024 27
The
total
amount
of stock authorized
two classes:
I.
J.
I.
56,984 24
$614,996 80
$2,239,884 98
/.
and issued
Common Stock
66-9%
$4,691,814 20
is
v ^«,-
660,000 shares, $66,000,000 00
"
23,000,000 00
Adjustment Preferred Stock,230, 000
Of the above there were in the Treasury at the close of
the year $1,530,800 of Common Stock and $252,600 of Ad-
justment Preferred Stock.
The slight change in the amount of Treasury Stock as
shown by the Balance Sheet is due to the exchange of 45
shares of Adjustment Preferred Stock for securities of the
old Company, and to the return to the Company's Treasury
of 102 shares of Common Stock not required for distribution under the plan of reorganization.
FUNDED DEBT.
Divisional Lien Bonds, amounting to $3,488,300, bearing infrom 4 to 8 per cent per annum, which matured
during the fiscal year, were refunded into the Company's
First Consolidated Mortgage
Bonds, resulting in a saving
of interest of $50,313 per annum from July 1, 1900, and in
the replacement of all the Divisional Lien Bonds, with the
exception of five bonds of $1,000 each of the Virginia
terest at
H
&
Tennessee Railroad Company's Enlarged Mortgage, which
matured June 30, 1884, and of one Southside Railroad Company's Consolidated Mortgage Third Preferred Bond of
$1,000, which matured January 1, 1896, but which have not
been presented for pavment.
First Cons jlidated Mortgage 4 per cent Bonds, amounting
to $3,000, were taken from toe Company's Treasury and exchanged for securities of the old Company.
It will be seen by the Treasurer's statement that the
Funded Debt outstanding June 30, 1900, aggregated $48,175,750 and that tbe annual interest charges thereon are
$2,218,450. The statement does not include $923,750 First
Consolidated Mortgage Bonds in the Treasury of the Company.
CAR TRUST OBLIGATIONS.
The following Car Trust Certificates and Bonds have been
paid during the year:
Car Trust Certificates of 1892
Car Trust Bonds of 1893
$2,257,239 22
16,400 00
Total interest charges
1
<
000,000, consisting of
j*il%
[
Total
5
/ 25%
CAPITAL STOCK.
Expenses.
Maintenance of Way
and Structures.,.. $1,558,803 43
Maintenanoe of
Equipment
2,034,38310
Conducting Transportation
4,210,174 45
General Expenses,
Including Taxes...
697,734 70
L $2
^
1-02
Comparative Statement of Earnings and Expenses,
38
$11,236,123 15
"
miles unused branches have been taken up during the year.
10*25 miles of second track were put in operation during
the year.
40*49 miles of new sidings and extensions of old sidings
were constructed, and 8-13 miles of unused sidings were
taken up, making the net increase 32-36 miles.
11,753,062
199,696
Express
167,296
Miscellaneous.
113,644
335 93
$8,501,095 68
portation.
Operatlonf
Freight
Mail
/.
19,300 72
D. 690 39
I.
$1,558,803 43
General Expenses,
inoluding Taxes..
The average mileage operated during the year was
•'
I.
$389,772 34
2,446,163 18
4,210,174 45
Equipment
486-64
From Passengers.... $1,857,304 87
I.
Conducting Trans-
70 27
-
53
20
56
83
03
2,034,383 10
Maintenance of
Total Second Track
Sidings
™° a
$1,467,532
9,306,899
19P,*<0
147,995
114,335
$14,091,004 93
Total
Second Track—
"
$1,857,304 87
Freight
11,753,062 38
Mail
199,696 49
Express
167,296 55
Miscellaneous
113,644 64
65*
1,554
Earnings.
Inc. or Dec.
1898.
From Passengers.
116 52
owned
1900.
Earnings.
1,434-62
Branches.
miles.
4-92 miles of
$1,811,44114
115-43
29*60 Miles.
116 52
Total Miles
Surplus June 30, 1900
Line.
412-32 Miles.
$ 2*M£2™
51,000 00
$110,000 00*
Total
Leaving outstanding June 30. 1900:
Car Trust Certificates of 1892, maturing qnarterlyto
$139,00000
October, 19(2
Car Trust Bonds of 1893, maturing quarterly to January,
151,00000
1903
......
Equipment Mortgage" Bonds of 1888, past due but not
presented
Total
--
«>,uuuw
$293,0C0 00
:
THE CHRONICLE.
498
[Vol. LXXI,
REVENUE TRA.IN MILEAlGE. EA.RNTNG8 PER TRAIN MILE
CONSTRUCTION, EQUIPMENT AND BETTERMENTS.
AND TRAIN LOADS, 1900 AND 1899.
The following expenditures have been made during the
Increase or
year on Capital Account, in improving the company's propDecrease.
lflOO.
1899.
D. 51,096
2,017,465 2,068,561
erty, and in providing additional equipment and facilities Miles run by passenger trains
Average number of passengers per
for the economical handling of its expanding traffic:
train mile
7.5*05
3451
3956
Equipment
Air Brakes
Improvements and Betterments
Earnings per mile run by passenger
$674,827 62
J, 196,511 18
1,726 57
188,463 86
Construction
,
trains, Including mail
110-25
94-96
7.15-29
Earnings per mile run by passenger
trains, exolusive of mail and express, cents
77-76
7.14 30
9206
Miles run by freight trains
6.281,258 6,392,973 D. 111,715
Average number of tons of revenue
freight per train mile
7.51
384
435
Earnings per mile, run by freight
trains, cents
7.34-61
15250
18711
$2,061,529 23
Total
and express,
cents
The expenditures for Construction embrace the purchase
of the Durham Belt Lioe, the construction of second track,
new sidings and the extension of old sidings, including
right of way, the construction of station houses, fuel and
water stations, engine houses, shops and turn tables, telegraph wires, interlocking plants and signals, fence*, road
crossings and cattle guards, tools and machinery, etc.
The amount expended for Equipment represents the cost
of new freight engines, freight and work cars, not chargeable to the Equipment Renewal Fund.
The amount cbarged under the head of Improvements
and Betterments represents in part the co?t of replacing
bridges, trestle-works and other structures, and lining tunnels - the remainder having been charged to Operating Exponses.
Good progress was made during the year in the construction of the low-grade branch line near Radford, to which
attention was called in our last report. This branch will be
opened for traffic early in October. Its operation will
freatly facilitate the transportation of the Company's
reight traffic, and will cheapen the cost of movement. The
fund of $300,000 appropriated from income for the payment
in part of the construction of this branch has been exhausted during the year, and $26,051 35 of the cost was
charged to Construction.
The total amount exoended on Capital Account from
October 1, 1896, to June 30, 1900 is as follows
Note.—The Revenue Train Mileage does not include mileage of
Helpers and Switching Engines.
The revenue from passengers shows a gain of 15 per cent
over 1899. As compared with the year 1898 the gain is 26-6
per cent.
Ninety- five per cent of the revenue from passengers was
derived from local business.
As compared with 1899 the number of tons carried shows
a gain of 22 per cent, but the average haul per ton decreased
8-8 per cent
so that the tons carried one mile show an increase of only 11-3 per cent.
The revenue from freight shows a gain of 21 per cent.
Ninety- one per cent of the total tonnage and 85 per cent
of the earnings from freight were derived from local business.
Coal, coke, ore, and other products of the mines, contributed 70 per cent of the Company's total tonnage.
While the coal shipments show a considerable increase
(471,903 tons or 11-62 per cent), the revenue derived from
this traffic during the year was not materially enhanced,
because the bulk of the business was moved at very low
rates under contracts made prior to the improvement in the
coal trade. In fact, during last year the rates on the Company's tidewater bituminous coal business reached the lowest level in the history of the road. Since June 1, 1900, better rates have been obtained on this traffic.
Construction
$1,180,893 29
There has been an increasing demand for coal for shipEquipment
1,922,225 96
ment to foreign countries, and this traffic shows consideraAir Brakes and Automatic Couplers
369,222 64
ble increase during the last six months of tbe fiscal year.
Improvements and Betterments
489,107 59
The average revenue received by the Company per ton
Total
$3,961,449 48 per mile of freight has steadily decreased from year to year
until it reached the lowest point, thit is 3*97 mills, for the
While much has already been accomplished by these ex- fiscal year ending June 30, 1899. For the last fiscal year the
penditures, more remains to be done in the same direction. average
revenue per ton per mile was 4-3 mills, notwithOf the betterments that must be made to put the property standing the increased tonnage of the lower classes, and
in good condition, the most important is the replacement of
the exceptionally low rates tbe Company was obliged to aowooden trestles and bridges. While there are compara- cept on its tidewater coal business. This increase, though
tively few of these temporary structures on the Main Line
slight, encourages the hope that the downward course of
and the Ohio Extension, there are quite a large number on rates has been checked permanently.
the Clinch Valley, the Shenandoah and the Scioto Valley
The Comptroller's statement of Classified Tonnage hereto
Divisions, and on the Winston-Salem, Durham and North
annexed shows in detail the amount and character of freight
Carolina Branches. These temporary works must be recarried during the year.
placed by permanent structures during the next few years,
and the Board has appropriated from income a fund of
EQUIPMENT.
$1,500,000, designated "Betterment Fund," to be used for
The condition of the Company's equipment has been
the replacement of trestles and bridges, the lining of tungreatly improved during the year. There was charged to
nels, the revision of grades and alignment, and such other
improvements and betterments as may from time to time maintenance $2,034,383 10, a sum greater by $205,657 44, or
11-25 per cent, than was charged for maintenance durbe authorized by the Board.
The amount includes $177,277,
ing the preceding year.
TRAFFIC.
cost of replacing equipment destroyed or retired from
The following statement shows the passenger and freight service, and $288,000 for depreciation; also $79,575 05 for
automatic couplers.
traffic for the years 1900 and 1899
Fifteen heavy freight engines (of which 7 were built in
Increase or
„„_
the Company's shops), costing $170,484 16, and 16 cabin
i^OO1899.
„.
Decrease.
, D
Number of Passcars, were added to the equipment during the year and
engers
2,117,184
1,808,050
J. 309,134
charged to operating expenses through the renewal fund.
Passengers carThere were also added to the equipment, but charged to
ried one mile. ..
79,816,435
71,393,098
7.8.423.387
Revenue from
capital account
passengers
$1,857,304 87
$1,608,414 45 7. $248,890 42
Average rate per
2 heavy freight engines,
;
p
:
:
.
'
passenger
per
2-327
mile, cents
2233
37*70
39 49
10,783,221
8,837,739
2,732,536,626
2,456,096,895
Average haul per
passenger.miles
Total number of
tonsoffre^ht..
Tons carried one
mile
Eeveiue from
freight...
Average rate per
ton per mile,
cents
•-—
Average haul,
le 8---™i
;
Coal, bituminous,
tons
Coke, tons
,-
Pig iron, tons.....
Other
$11,753,062 38
J
n
J.
500 stock oars,
201 drop-bottom gondolas,
1.0C0 hopper-bottom gondolas of 50 tons capacity, and
074
wo
'"
1 wrecking-oar.
Of these cars 1,000 hopper-bottom gondolas and
bottom gondola were built at the Company's shops.
1,945,482
".-»o*
1.276,439,731
'
0-397
253-41
277-91
4.477.532
1,512,045
432,798
4,001,308
1,257,4«4
334,490
131,727
856,172
851,409
386,899
63,187
444,923
646,006
198,263
169,172
280,229
110,250
324,704
castings
/.
0033
252 freight cars, and
14 work oars, were destroyed or retired from servloe.
D. 24-50
7.476 224
254 551
7.98 308
»o,ovo
At the close of the fiscal year the Company's equipment
consisted of
62 passenger engines,
359 freight engines,
J.
and machinery,
tons
Iron ore, tons
Lumber, tons
Limestone, tons..
•Cement,
brick,
lime and building plaster.tons.
Grain, tons
Flour and other
mill
produots,
tons
Merchandise, tons
All other articles,
tons
r 68 540
23 switching engines.
7 41l'249
/'
205*403
/'
lSs'eart
<->°,«i»u
Total, 4 44 engines.
23 4 passenger oars,
18,656 freight oars,
449 maintenanoe-of way oars,
2 seagoing tugs, and
10 barges.
7 58 922
D.
44475
'
157.604
143,114
133.763
134,204
7.23 841
I 8 oin
U H,81 °
1,384,520
1,189,147
7.195,873
'
drop
3 passenger engines,
6 freight engines,
1 switching engine.
1 baggage and express oar,
1 baggage and mall oar,
™
$9,749,094 35 7.$2,003,968 03
«,««o
0-430
1
1
On June 30, 1900, there were in the Company's shops for
repairs 39 engines, or 8 8 per cent, of which number 25 engines needed only light repairs; 11 passenger cars, or 4-7 per
cent, and 545 freight oars, or 29 per cent.
September
THE CHRONICLE.
8, 1900. J
PHYSICAL CONDITION.
be seen that the expenditures for the year for
Maintenance of Way and Structures aggregated $1,558,803 43,
or about $1,003 per mile of road operated, as against $988 per
mile for the preceding year.
72-25 miles of main track have been relaid with 85 lbs.
steel rails, 22-85 miles with 75-lb. steel rails, and 43-33 miles
of re-sawed 67-lb. rails were used in replacing lighter rails.
43-25 miles of track were fully ballasted.
492 lineal feet of wooden trestles were replaced by
It will
masonry and embankments.
1,288 lineal feet of wooden
trestles
and bridges were
re-
placed with steel structures and masonry.
1,330 lineal feet of old light bridges were replaced by
strong steel structures.
823 feet of Little Tom Tunnel on the Clinch Valley Division has been arched with brick.
Considerable work has been done in renewing defective
bridge and culvert masonry.
Some work has been done in reducing grades on the Norfolk and Scioto Valley divisions.
97,904 cubic yards of material have been dredged at
Lambert's Point, to iocrease the width of entrances to piers
from the channel of the Elizabeth River.
GENERAL REMARKS.
The good results of the operations for the last fisoal year
are due in a measure to the policy of the Company of improving its property and facilities. The large expenditures
made on this account since its organization placed the Company in a position to take advantage of the good times in
augmenting the volume of its traffic
As a large percentage of the Company's revenue from
freight is derived from the transportation of articles of the
lower classes, which have to be carried at rates that yield
but a small profit, it is obvious that in order to obtain satis
factory results, the Company must be in a position to
handle a very large volume of traffic and at the lowest cost
practicable.
The work of improving the property and augmenting the
Company's facilities should therefore be continued. While
the Company is under a disadvantage in the narrow margin of profit in the rates per ton mile, compensation is to be
Found in the fact mentioned above, that so large a percentage of its traffic is local to its line of road, therefore in a
measure within its control, and under favorable trade conditions and with ample facilities susceptible of great development.
On June 30, 1900, there were in operation on the line of the
road 14 iron coke furnace?, with an estimated aggregate capacity of 2,055 tons of pig-iron per day; and 5 furnaces, aggregating 635 tons of pig-iron per day, were out of blast at
that date.
It is gratifying to be able to report the establishment of a
number of new industrial enterprises on the line of your
road.
Among the industries established during the year there
were in operation, or under construction at the close of the
year, the following
7
New Cotton
:
1 Flour Mill.
Mills,
2 CanDiog Works,
3 Peanut Factories,
1 Furniture Works,
1 811k Mill,
3 Knitting Faotorlee,
1
Pulp
Mill,
Oil and Linseed Oil
Works.
Coke Bi-Produot Plant,
1
4 Iron and Steel Works,
1 Cotton
1 Hosiery Factory,
4 Wagon and Buggy Works,
2 Handle Factories,
1 Stave Works,
3 Planing mils and
16 Saw Mills.
There was a marked improvement in the rate situation in
the territory of the Trunk Lines during the year.
The Company has accepted an Act passed February 17,
1900, by the General Assembly of Virginia, entitled: "An
Act to authorize the Board of Directors of the Norfolk &
Western Railway Company to locate and construct or purchase certain branches." This Act empowers the Company
to locate and construct or purchase branch railroads, not
exceeding 25 miles each in length, from any point on its
railroad or branches, for the purpose of affording transportation facilities to any manufacturing or industrial enterprises, or for the purpose of bringing out timber or the pro-
ducts of any county.
During the year the Company acquired by purchase the
Durham Belt Line. This road is 2-18 miles long, and gives
our Company access to the terminal facilities it purchased
in the business part of the City of Durham.
The Company accepted from the Roanoke Gas & Water
Company a deed for property at Roanoke for hospital purposes it has made the necessary expenditures to complete
the building upon such property, and caused the hospital to
be operated by the Roanoke Hospital Association, under a
contract authorized by the Board.
In July, 1899, J. M. Barr, Vice-President and General
Manager, severed his connection with this Company, to
accept the position of Third Vire President of the Atchison
Topeka & Santa Fe Railway Company General Superintendent L. E. Johnson was appointed General Manager, and
Division Superintendent James C. Cassell, was promoted
to the position of General Superintendent.
In the latter part of the fiscal year, W. E. Glyn, W. B.
Boulton, W. B. Campbell and Henry Whelen Jr. resigned
their positions as Directors of your Company, and John P.
Green, S. M. Prevost, Samuel Rea and James McCrea were
elected to till the vacancies.
S. M. Prevost and Samuel Raa were appointed members of
the Executive Committee, the By-Laws having been
amended so as to provide for the increase of members.
Messrs. Price, Waterhouse & Co. were re-elected at the
last meeting of the stockholders to audit the books and
accounts of the Company. Their certificate is attached to
the Balance Sheet.
Your attention is invited to the annexed report of the
General Manager.
The Transportation Department has
made an excellent record in the efficient and economical
conduct of the Company's growing traffic. It has continued
the efforts to cheapen the cost of movement of freight by
increasing the train loads, and it will be seen by the General Manager's Report that satisfactory results have been
attained. The average load of revenue freight per train
mile for the year was 435 tons, as against 384 tons in 1899,
an increase of 13 per cent; and while the work done represented by the tons carried one mile increased 276,439,731 ton
miles, or 11-26 per cent, the revenue train mileage for the
year shows a decrease of 111,715 miles, or 1-75 per cent.
This very large increase in the train-load was made possible
by the addition to the Company's equipment during the
last and preceding year of heavier engines and cars of
greater capacity.
The officers and employes in all departments of the Company's service have faithfully and efficiently discharged
their duties during the year.
By order of the Board,
;
;
Henry
DR.
Maintenance of Equipment
Conducting Transportation
General Expenses
...
By
3,113,167 86
30, 1900.
OR.
Earnings:
Freight
2,034.383 10
4,210.174 45
309,806 88
Fink,
President.
INCOME ACCOUNT FOR THE FISCAL YEAR ENDING JUNE
To Operating Expenses:
Maintenance of Way and Structures.... $1,558,803 43
499
Passenger
Mail
Express
Miscellaneous
$11,753,062 38
1,857,304 87
199,69649
167.296 55
113,644 64
To
387,927 82
5,589,909 25
$14,091,004 93
$14,091,004 93
Taxes
Balance cabeied down
$14,091,004 93
,
Interest on Funded Debt
$2,257,239 22
Interest on Car Trust Certificates and Bonds
16,400 00
Advances to Subsidiary Companies written ofl
1,520 12
Balance, being Net Income carried to Net Income
Account.
By Balance brought down ..
Dividends, Interest, etc.
$5,589,909 25
73,562 41
3,388,312 32
$5,663,471 66
$5,663,471 66
NET INCOME ACCOUNT.
DR.
Dividend, 2 per cent, August 24, 1899
2 per cent, February 23, 1900..
OR.
Net Income for Year from Income Acoount
Balance from last year
$454,8^4 00
.. 454.874 00
$ 3, ™?'ri? f I
1,303,501 so
$909,749 00
Appropriations of Net Income:
Betterment Fund
1,500,000 00
Discount aiid Commissions on Bonds sold, Branch
Lines and Spurs, etc
470,625 06
Balance carried to General Balance Sheet
1,811,441 14
$4,691,814 20
$4,691,814 20
5
6
:
THE CHRONiOLK
600
GENERAL BALANCE SHEET JUNE
CAPITAL ASSETS.
June 30, 1900.
Cost of Road and Equipment :
,„,„... _ n - ,
$ 124.415.597 67 RR. Franchises & other property. .$124,714,4-0 51
9,919,017 15
Rolling Stock
9,819,566 27
June 30, 1899.
$134,633,487 66
$131,235,163 94
30, 1900.
CAPITAL LIABILITIES.
Balances
Balances
Balances
[Vol. LXXI.
Capital Expenditures during Fiscal tear ending June SO, 1900:
$674,827 62
$217,287 63 New Construction.
85,753 98 Improvements & Bet18P.463 86
ments
1,198,237 75
99,450 88 Rollins; Stook
June
Balances
June 30. 1900.
30, 1899.
Capitai Rtootc
Adjustment Preferred
*
$23,000,000 00
66,000,000 00
$23,000,000 00
66,000,000 00
Common
$89,000,000 00
Funded Debt
$89,000,000 00
:
Norfolb & Pet. RR. Co. 2d M. Bonds.
South SideRR. Co. ConsoL M. Bonds
Virginia & Tennessee RR Co
$496.000 00
1,013,300 00
985,000 00
1,000,00000
$1,000 00
Enlarged Mortgage Bonds
Fourth Mortgage Bonds
Norfolk & Western Railroad Co
General Mort. Six Per Cent Bonds.
New River Div. FirstM 6% Bonds
Improvement & Ext. M. 6% Bonds
5,00000
:
2,061,529 23
1,697,483 11
$402,492 49
3,477,143 57 Balance carried down.
7,283.000
2 000,000
5,000,000
5,000,000
00
00
00
00
7.283,000 00
2,0)0,00000
5,000,000 00
Scioto Valley & New England RR.
Co. First Mortgage 4% Bonds
Col. Con. & Per.
Co. 5% M. Bonds.
600,000 00
5,000,000 00
600,000 00
RR
&
Western Railway Co.:
4% Bonds
FirstConsol. M. 4% Reg. Bonds...
Norfolk
25,330/03 00
First Consol. M.
4,000 00
29,055.500 00
155,000 00
$48,711,800 00
$49.099,5C0 00
Equipment Liens
:
& Western RR Co.
Equipment Mort. Bonds of 1 888..
Car Trust Certificates of 1892
Car Trust Bonds of 1893
Car Tr. Cer. due Apr. 1/9 9, not paid
Norfolk
$3,000
195,000
202,000
3,000
$403,000
$138,392,500 00
$138,114.800 00
CURRENT A8SETS.
Company's Securities in the Treasury:
$252,600 00
$257,100 00 Adjustment Preferred 8took
1,520,60000
926,700 00
CURRENT LIABILITIES.
Accounts Payable
$947,691 71
86,442 16 Taxes
'
$2,707,100 00
338,102 50
$2,704,400 00
338,002 50 Investments in other Companies
34
19
16
82
:
.$310,40727
175,224 55
49,927 2=)
U. S. Government
Individuals andCompanies. 324,330 80
Station Agents
Traffic
1,041,341 19
110,703 32
1,500,000 00
Accrued
Betterment Fund
Rkskrvf Funds
923,700 00
$303,188
252.872
49,928
167,468
$483,796 94
Audired Vouchers
439,82277
Traffic Balances
60,774 79
Individuals and Companies.
56,946 69
55,249 68
$923,750
Accounts Receivable
:
Pay-Rolls
111,99159
tide One, Sec 5..$500,000 $500,000
$425,750 for Gen422,750 422,750
eral Purposes
$950 Purchased for
1,000 Cost 950
Special Purposes.
$138,392.600 00
$3,477,143 57 Balance from Capital Account
_ $1,697,483 11
643,235 33 Interest on Funded Debt Accrues....
042,337 55
$438/0'? 62
341,543 82
First Consolidated Mortgage:
$50 0,0 00 Under Ar-Par Value.
$3,000 00
139,000 00
151,000 00
$z93,000 00
$138,114.860 00
1,530,800 00
CommouStook
00
00
00
00
00
Balances
Equipment Renewal
Rail Renewal
$197,798 74
54,53141
40,78148
45,ri35 69
255,532 51
$482/87 79
65,18135
25,236 76
27.46125
Casualty
Cross-Tie Renewal
Grade Adjustment
$591,277 83
590,467 15
Profit and Loss
859,889 91
$773,457 51
28,662 27
23,013 96 Insur. and Licenses Paid in Advance..
6 1 1
815 38 V S. Internal Revenue Stamps on Hand.
72,010 00
New Equipment under Construction..
1,382,78174
695,054 49 Materials and Supplies.
37,902 00
52,520 00 Condemned Equip. Acquired with R04D
1.966.713 89
2,465,028 64 Cash
1,303,501 88
$7,393/73 46
:
Surplus
$7,052,292 48
1,811,441 14
i
.
$7,052,292 48
$7,393,773 46
We hereby certify that we have examined the foregoing Balance Sheet and Relative Income Account with the books
of the Company, and that we find the same to be correct.
Price, Waterhouse & Co., Auditors.
New York, September 4, 1900.
BUFFALO ROCHESTER & PITTSBURG RAILWAY COMPANY.
FIFTEENTH ANNUAL EEPORT-FOR THE YEAR ENDING JUNE
&
The Directors
of the Buffalo Rochester
Pittsburg Railto the Stockholders the following
report for the year ending June 30th, 1900:
Gross Earnings
$5,012,135 01
Against last year
3 801.9b9 06
An inorease of 31*83 per cent, or
$l,2lo,i65 95
way Company submit
Operating expenses
Against last year
An Inorease of 18*32 per
cent, or
$2,888,610 26
2,441.393 90
$447.* its a«
Net earnings
$2,123^24 75
Against last year
An
1.360.575
Inorease of 56*08 per cent, cr
1
*76^.»49 59
Cost of operating, excluding $138,269 03 extraordinary
expenses and improvements
57*63 percent
Against last year
61*21 percent
Adeoreaseof
658
From
the net earnings
are to be deducted:
Interest on funded debt
Interest on floating debt
Traok rentals
Taxes
Sinking fund
-
Equipment agreements
Total deductions
Net income
Extraordinary expenses and Improvements
Profit
Against last year
An
inorease of 124*31 per cent, or
per <ent
$2,123,524 75
$683,320 87
420 67
303,114 03
102.000 00
21,716 66
30,
1900.
struction, leaving $325,975 83 to be carried to the credit of
profit
and
loss.
FREIGHT EARNINGS.
The average
received per ton mile increased 54100th of a mill, being 4 66-100 mills, against 4 12 100 mills a
year ago. The average distance each ton was hauled increased 12 87-100 miles, being 136 16-100 miles, against
123 29-100 miles last year.
rate
The revenue tonnage moved was:
Bituminous ooal
Last year
An
inorease of 7*13 per cent, or
Coke
Lastyear
An inorease
4,561,172
4.257.679
"
303,493
592, K 07
579,382
of 2*27 per cent, or
Other freight
~
~
13,125
1.488,065
1 .410.849
Lastyear
An increase of 5*47 per cent, or
Grand total tonnage
Lastyear
77,216
6,641,744
6.247. 910
An Inorease of 6*30 per cent, or
The miners' strike which was
1,110,572 23
$1,012,952 52
138,269 03
$874.683 49
389,951 08
$484,732 41
After paying on the preferred stock 4 per cent in divis
dends, amounting to $240,000 00, there remained a surpluof $634,683 49. Out of this there was charged $151 ,000 00 for
the principal of all car trust bonds paid off during the year
and $157,707 66 representing the total expenditures for con-
393,834
in force during the latter
part of the previous fiscal year lasted until July 17th, and
reduced the coal and coke tonnage of that month by about
225,000 tons. Notwithstanding this loss the shipments of
bituminous coal and coke were the largest in the history of
the Company. Gains were made in grain, merchandise,
iron ore and brick. Salt, pig iron, anthracite coal and products of the forest decreased.
The results for the year show a gain of $1,054,663 18 in
gross freight earnings.
PASSENGER EARNINGS.
The average
rate received per passenger per mile increased l-10thof a mill, being 2*125 oents, against 2*tl5cents
a year ago. The average distance each passenger was carried
increased 3*90 miles, being 26*02 miles, against 22*12 miles
last year.
:
September
:
THE CHRONICLE.
8, 1900.]
Passengers carried
Last year
60i
The account was further credited for car trust bonds paid
during the year charged to Net Income:
SSi'o??
77 ^>° 71
off
.128,554
An Increase of 16-63 per cent, or
of passengers carried one mile, per
The average number
revenue train mile, was 31, the same as last year.
The results for the year show a gain of $142,532 73 in gross
passenger earnings.
$151,000 00
Freight cars
281,354 74
Making a net increase of
$327,340 98
Ninety-four per cent of the freight cars are now equipped
with automatic couplers, and 48 per cent with air brakes.
EXPENSES.
CONSTRUCTION AND EQUIPMENT.
Operating expenses, excluding extraordinary expenses
and improvements, increased 18*32 per cent. The operating
ratio decreased 6-58 per cent, being 57-83 per cent, against
64-21 per cent last year.
There were used 1,575 4-10 tons of new steel rails and
136,990 new ties in repairs of the track.
The average cost per ton per mile was 2 47-100 mills, being
6-100th of a mill less than last year.
The average number of tons carried one mile per revenue
train mile, excluding the mileage of helping engines, was
increased by 12 tons, being 419 against 407 a year ago.
The average number of tons carried one mile per freight
engine mile, including the mileage of helping engines, was
increased by 10 tons, being 354 against 344 a year ago.
The average tonnage moved one mile per engine mile,
and per train mile, for the past six years is as follows
There was expended for construction and equipment during the year
Engine Train
Load. Load.
295
*64
308
269
346
296
387
326
407
.— 344
419
354
This line, referred to in last year's report, extends from
Lindsey, Pa., to Butler, Pa., a distance of 59-57 miles. It
was completed during the ytar at a total cost of $4,850,000.
represented by $2,850,000 six per cent stock and $2,000,000
four per cent bonds, both guaranteed by your Company.
The cost includes extensive terminals at Allegheny, Pa.,
and at New Castle, Pa.
At a meeting of its stockholders held January 8th, 1900,
the authorized capital stock was increased from $2,500,000
to $3,500,000. The stockholders of your Company, at a special meeting held on the same day, authorized the guaranty
of dividends at the rate of six per cent per annum upon this
additional $1,000,000 capital stock or on so much of it as it
may be necessary to sell to complete and equip the road.
Of the total capital authorized $2,000,000 was sold at par,
$850,000 at 115 per cent, and $650,000 has not yet been issued.
Although trains began running through to Allegheny,
Pa., September 4th, 1899, under a temporary agreement
with the Pittsburg & Western Railway Company, the improvements to be made by it were not completed until November 1st, 1899, on which day the trackage contract went
:
Construction
1899...
1900
ROAD OPERATED.
1900.
Main
line
1899.
Miles.
Miles.
Increase.
Miles.
234-93
18-43
30-93
owned
Branohes owned
Three proprietary roads
Four leased loads
Traokage rights
236-34
16-45
30-93
DecreaseMiles.
1-41
198
59-69
74-14
8745
2776
100*34
26-20
47208
337-68
3 29
174-86
16527
134-40
3-29
9-59
Total miles of track op650*23 502*95
erated
147*28
Length
of road operated
Second track
Sidings
Total miles laid with steel rails. 640-23
10-00
Total miles laid with iron rails.
487-95
152-28
1500
500
The increase in mileage arises from the operation of the
Allegheny & Western Railway, which was taken into the
accounts of this Company on January 1st, 1900.
The sidings were increased 5 80 per cent, or 9*59 miles.
&
Ry.—
Pittsburg
$184,593 36
3,114 30
5,231 08
60 3 ,695 72
Equipment
Total,
$771,634 46
following funds were provided to meet these exThe
penditures
$542,000 00
Car trust bonds sold
15' ,707 66
From Net Income
From Surplus
71,926 80
$771,634 46
Total.
ALLEGHENY & WESTERN RAILWAY.
:
1895
1896
1897
1898
:
Rochester
proper
Proprietary roads
Leased roads
Buffalo
into effect.
The operations
were included in the Allegheny & Western
Railway Construction Account up to January 1st, 1900,
when your Company took
full possession
of the property
under lease of January 31st, 1898.
The Cowanshannock Coal & Coke Company, which owns
CONSTRUCTION.
about 7,000 acres of coal lands, operates mines situated on
All the expenditures for construction during the year
were charged against net income. They aggregated $157,- this road which are capable of furnishing a large tonnage.
The miscellaneous freight and passenger business is steadily
707 66, of which the following amounts were expended on
improving.
the main line
BONDED DEBT.
Eighteen new bridges, one-fourth cost
$16,898 40
During the year $151,000 car trust bonds matured and
Filling two trestles, two-thirds oost
781 82
Land and land damages
13,357 02 were paid off. There were issued $42,000 car trust bonds,
Relaying track with heavy steel rails
1,357 26 balance of Series Nos. 11 and 14, authorized in former years.
Second traok, Riverside Jot., N. Y., to East Bradford, Pa.. 51,65 87
To provide funds for additional rolling stock, an Equip"
"
DuBoi8. Pa
835 00 ment Agreement,
Series A, was made May 1st, 1899, for
New water station. Falls Creek, Pa
2,776 00
New coal trestle, Rochester, N. Y
5,239 44 $500,000 of four and one- half per cent twenty year gold
New freight and passenger station, Lincoln Park, N. Y
2,017 72 bonds, all of which were sold at 97^ per cent and interest,
"
'*
«'
"
'•GrantSt.,Johnsonbu.rg,Pa.
3.213 26 net to the Company.
In addition to the semi-annual inter"otherpoints
2,727 67
Shop machinery and tools, Linooln Park, N. Y
5,90 09 est on the principal, the Agreement requires the payment
«•
••
"
otherpoints
1,617 01 on the first day of May in each year of an amount equal to
Sidings and yard extensions
29,936
five per cent of the bonds issued, as a sinking fund, to be
New round-house, etc., Elk Run Junction, Pa
3,^85 88
invested in the purchase of bonds at or under par, otherwise
"
"
" Clarion unction, Pa
6,993 86
"
"
otherpoints
1,49177 in the purchase of additional equipment under the agreeSundry miscellaneous items
4,008 99 ment, as further security for the bonds issued.
The net result is an increase of $391,000 00 in the bonded
Total
$154,593 36
1
1
.1
debt of the Company.
A new locomotive repair shop,
the ground for which was
donated to the Company, will be built at Du Bois, Pa., in
the coming year, at an estimated cost of $300,000 00.
The road between East Bradford, Pa., and Riverside Junction, N. Y a distance of 8 miles, was graded for a second
track, which it is expected will be completed at an early
day.
The elimination of grade crossings, in accordance with
the Railread Law of New York State, is making satisfactory
progress. $i0,000 00 was appropriated for this work, through
the extraordinary expense and improvement account.
,
EQUIPMENT.
new rolling stock as follows:
Five locomotives
$62,500 00
Two milk oars
2,667 56
Six hundred and fifty-two freight oars
515.424 67
Sixty Company's service oars
7,318 96
Airbrakes, automatio couplers and other betterments
20,784 73
There was expended for
DIVIDENDS.
Dividends were paid on the preferred capital stock as follows
One per cent on August 15th, 1899, and 3 per cent on
February 15th, 1900.
Since the close of the fiscal year your Board of Directors
has declared another dividend of 3 per cent on the preferred capital stock, payable August 15th, 1900.
:
ROCHESTER & PITTSBURG COAL & IRON COMPANY.
The operation of the Rochester & Pittsburg Coal &
Iron Company for the fiscal year snowed a surplus of $184,919 86 available as additional working capital, after deducting from the net earnings $88,547 26 principal of bonds paid
off and $230,761 12 expended for mining machinery, buildings, equipment, development of mines, and sundry miscellaneous items.
The
the year and
$608,695 72
FIRE INSURANCE FUND.
fund were increased
assets in this
now amount
$11,724 59 during
to $61,204 49, in interest- bearing
and cash.
The acknowledgments of the Board are renewed to the
officers and employes for their faithful and efficient services.
Statements and statistics of the operation of your road for
equipment sold or destroyed the
year are
securities
Of the above equipment two milk cars, two freight cars
and nine Company's service cars were built in the Company's shops.
The account was credited for
with the following items charged to operating expenses
Twelve locomotives
One hundred and eight freight oars
Ten Compai y's service oars
885,280 31
40,169 43
4,905 00
submitted herewith.
:
By
order of the Board,
Arthur
G. Yates,
President.
:
:
.
THE CHRONICLE.
602
[Vol. LXXI.
NEW YORK CENTRAL & HUDSON RIVER RAILROAD COMPANY.
EXTRACTS FROM THE THIRTY-FIRST ANNUAL REPORT—FOR THE YEAR ENDING JUNE
&
1900.
30,
Hudson
Atlantic seaboard and the Mississippi River. With the approval of the Board, therefore, there have been made, from
The Board of Directors herewith submits its report for the time to time, purchases of stock of the Lake Erie & Western
year ended June 30, 1900, with statements showing the re- Railroad Company, the Cleveland Cincinnati Chicago & St.
Louis Railway Co", and the Chesapeake & Ohio RR. Co.
sults for the year and the financial condition of the com
In the report for last year the directors announced their
pany.
systerr east of action of June 30, 1899, looking to the lease of the Boston &
The report covers the operations of the
Albany Railroad. On November 15, 1S99, the formal lease
Buffalo, including following proprietary and leased lines
was executed by both parties. This transaction received
N. Y. Central & Hudson Biv. B.B. Carthage Watertown & Sacketts the approval of the stockholders on December 28, 1899,
Harbor B R.
New York & Harlem B.B
Under its terms the Boston & Albany Ra^road and its
Mohawk & M alone By.
Troy & Greenbush R R
branches were leased for ninety-nine years from July 1,
Spuy ten Duyvil Port Morris R. R. Carthage & Adirondack By.
GouTerneur OswegatchleR.R.
West Shore R.B.
1900, upon a guaranteed annual rental of Si on its capital
R.R.
New York Putnam
New Jersey Junction B.B.
stock. Certain property in the city of Boston and other asR.R.
Borne Watertown & Ogdensburg Wallkill Valley
sets were excepted, this company agreeing to purchase the
Beech Creek R.B.
BB.
Syracuse Geneva & Corning Ry.
Oswego & Borne B.B.
same, paying therefor the sum of $5,500,000, with a special
Fall Brook By.
Niagara FaUs Branch RE,
issue of 3J.<£ gold debenture bonds.
Pine Creek By.
Utioa & Blaok Biver BB.
Under the laws of Massachusetts the lease required the
The Dunkirk Allegheny Valley & Pittsburg Railroad is approval of the Legislature of that State, which it did not
also leased by this company, but its mileage and operations receive until July 17. 1900.
As the Act giving legislative
are not included in this report, as separate accounts have consent imposes certain conditions, it is thought desirable
been kept and an independent report prepared in its behalf. to have them submitted to the directors and stockholders of
For the sake of convenience in comparison, the figures as each company for their assent. The result will be anpublished for 1898-99 have been revised so as to include the nounced in the next annual report.
operations of the Wallkill Valley and Beech Creek railroads
Through the purchase of capital stock in other lines, the
for the full year, and of the Pine Creek, Fall Brook and total mileage owned and controlled by this company has
Syracuse Geneva & Corning railways for two months ended been increased during the year, and is how 10,280 65 miles
June 30; and they will, therefore, be found to differ to that
The funded Debt has been increased by the issue of the
extent from those which appeared in the last report.
following securities:
The gross earnings from the operation of the svstem east
Gold Mortgage Bosds
of Buffalo were $54,562,951 78, an increase of $6,438,935 90 3*«% premiums in the retirement
As
of old securities bearing
over the preceding year. Of this amouat $'2,018,843 68 is
higher rates of interest
$172,130 25
due to the increase in the mileage operated and the balance Lake Shore Collateral Bokds
In exchange for stock of the Lake Shore & Michigan
to the general activity of business rather than to any exSouthern Bailway Company
39,200 00
ceptional feature of traffic.
Michigan Central Collateral Bonds:
The expenses were $34,051,586 21, an increase of $3,880,In exchange for stock of the Michigan Central Bailroad
Company
327,060 00
429 43 over those of 1898-99. Part of this increase is due to
the larger mileage operated, part to heavier traffic movement
$538,390 25
and $1,691,060 25 to extraordinary disbursements for addiThe sinking fund for the purchase and retirement of the
tions and improvements to the company's property.
The net earnings from operation were $20,511,365 57, a 4? debentures of 1890, which at the date of the last annual report showed a balance of $750,110. has been increased durgain of $2,558,506 47 over the preceding year.
1
The income from investments included the dividends on ing the past fiscal year by the purchase of $452,000 of 3 , J
Centhe stock which this company owns in sundry allied lines, Lake Shore collateral bonds, and $40,000 3^* Michigan
and offset a proportionate amount of interest on the indebt- tral collateral bonds, of this company. The balance of the
fund on June 30, 1900. was $1,198,843 18.
edness incurred in the purchase of the same.
During the period covered by this report many important
The first charges, composed of interest, rentals and taxes
changes and improvements have been undertaken or comof every kind, were $16,905,767 68, an increase of $647,847 OS
oyer the preceding year. This increase is due to the inclu- pleted. Among these may be mentioned a new doublesion of the rentals of the Fall Brook Railway system and to track steel bridge over the Mohawk River, which, with apheavier taxation. The taxes paid during the vear amounted proaches, forms a connection between the New York Central
to $2,345,5^6 08, an increase of $20«,126 15. The total amount main line and the West Shore main line at Hoffmans. 25
of taxation equaled, as was the case last year, 2% upon the miles west of Albany. By means of this connection the
distribution of the company's traffic to the New York terentire capital stock or 1T4I of the net earnings.
minals on either side of the Hudson River has been greatly
The saving in interest under the operation of the refunding plan during the year was $512,776 04, and since its in- facilitated.
At Albany, the capital of the State of New York, a handsome
auguration. $1,147,82-* 54.
andcomm'dions passenger station has been erected and the
The profit for the year was $7,979,026 71, and the surplus,
after payment of ±%% dividends, $3,041,526 71. From this tracks elevated and re-arranged to meet the requirements of
surplus, in accordance with the resolution of the Board of the constantly growing passenger traffic in that important
The steel bridge used for passenger service over the
Directors adopted June 26, 1900, the sum of $2,000,000 was city.
set aside, and is carried as a special fund to be applied on Hudson River at that point has been replaced by one of
account of the cost of extensive improvements now under much greater strength. The bridge is owned jointly with
contract or recently authorized. The principal outlay will the Boston & Albany Railroad Company, and this company's
be incurred in the strengthening and rebuilding of bridges proportion of the cost of the renewal has been charged to
throughout the system, in consequence of the increased u*e operating expenses.
At Buffalo the abolition of grade crossings and elevation
of the heaviest classes of motive power and rolling stock.
The balance, $1,041.^26 71, has been carried to the credit of of tracks is well under way and progressing favorably.
Two changes have occurred in the Board of Directors
Income Account.
during tne year.
Additional comment upon the year's results may be found
On September 12. 1899. there occurred the death of Mr.
upon page 503.
Cornelius Vanderbilt. concerning whose character and serAt its meeting of October 23, 1899, the Board of Directors
voted to increase the capital stock of the company from vices to this company an appropriate minute will be found
Mr. Vanderbilt was
on pages 8 and 9 [pamphlet report].
$100,000,000 to $115,000,000. This action was taken "to pro
vide means for the purchase of large additions to the com- succeeded bv Mr. William Rockefeller, elected September
pany's equipment. Notwithstanding the heavv expendi- 19, 1899.
On January 24, 1900, Mr. Darius O. Mills was elected a ditures made in recent years for the proper maintennnce of
the rolling stock, it was apparent that the growth of the rector in place of Mr. Horace J. Hayden, resigned.
traffic witbin reach of the company's lines could
For the Board of Directors.
be met
only by prompt and extraordinary outlay for locomotives of
Chafxcey M. Depew. Chairman.
greater power and cars of greater capacity than those at
S. R. Callaway. President.
that time in service. This action was ratified by the stock
holders at the special meeting held December 14, 1S99 the
new issue participating in the dividend pavable out of the
8UMMAEY OF FINANCIAL OPERAHDNS AFFECTING INCOME
earnings of the June (1900) quarter of the fiscal year.
1838- '899.
1899-1900.
The proceeds of the sale of the additional stock have been
(2,817 14 miles (For mileacp. Increase or Dtapplied in payment for the following equipment, most
create.
operated).
see foot note).
Earnings from
of
which has already been purchased and delivered:
*
Operation—
I
$
From freight traffic. .34.273.U1 05 29.280.135 62 I. 4,993X05 43
98 mogal freight locomotives,
256 ballast oars,
-0.514 60 I. l.$-3~-9 16
From passenger traffic. 15, 464, 2^3 76
25 passenger locomotive,
1 passenger ferry
To
the Stockhold-rs of the
River Bailrcad
Ntw York
Central
Company
<fe
<fc
<fe
-
:
:
;
boat
27 switching locomotives,
2 steel tugboats
e ^ ca^,,
?- £™'V^^' . , oars,
15,600 freight
1? bttr s<*. Uoat8 and otb-er freight
6
boats.
•
'
,
The Board of Directors has considered it to be for the best
interests of this company that it should become a shareholder in certain railway companies operating between
the
From express traffio
From transportation
1,401.937 12
1,306,707 07
1.693.450 52
1,676,027 43
1,886,252 74
49.101 85
99,085 39
...54.562,95178
48.124,015 SS
of
mails
From rentals
From miscellaneous
sources
Totals.
1.671.3 20 46
I.
95.230 05
I 27.130 05
D. £10.225 3«
D.
9,933 54
7.6.433.935 90
.
September
THE CHRONICLE.
8, 1900.]
1898-99.
1899-00.
Brought forward
Expenses of opera-
$S4,s6't°S' 7*
As to the Results.
Inc. or Dec.
$48,124,01585
I. 6,438,93s
9°
(62-69)
(62-41%)
tion-
For maintenance of way
4,971,776 71 7.2,218,500 04
7,1£0.285 75
and structures
For maintenance of
5,276,975 74
7.321,116 33
5,598,092 07
equipment
For oondnoting transJ. 1,177,677 80
19,906,225 80 18,728,548 00
portation .....
T. 163,126 26
1,193,836 33
For general expenses... 1,356,982 59
34,051,586 21
30.171,156 78
J.
20,511,365 57 17,952,859 10
operation
which add—
To
Dividend on Lake 8hore
I.
Totals
3,880,429 43
Net earnings from
&
2,558,506 47
741,458 83
446,064 50
132,152 93
54,755 16
14,612 00
24,558 50
D. 9,946 50
4,336,252 25
7.380,492 18
1.
J.
7,131 91
77,397 77
6,640,40^86
1,748,575 39
216,588 12
1,302 74
114,813 36
7.298,720 37
I. 188,331 67
I. 21,227 59
I. 1,308 07
D. 12,043 92
56,120 32
7.9,302 74
35,674 71
1.
16,949,083 29
16,201,236 21
8.279,026 71
(including
5,987,875 14
189,170 25
7.647,847 08
7.
2,291,151 57
Deduct—
Reserve for redemption
of 4% gold debentures
of 1890
300,00000
Balance available
fob dividend
7,979,026 71
300,000 00
4.937,500 00
carried
per
361
794
163
7r
166
$
15,217,697 80
Earnings from passengers
baggage
144,990 66
from excess
101,605 30
from miscellaneous sources...
13,475,790 16
132.505 14
272,219 JO
.
15,464.293 76
Total passenger earnings
ots. 182
Earnings per passenger per mile
$110
Earnings per train mile
Earnings per mile of road operated in
passenger service (2,7^4-62 miles In
1899-190:; average, 2,615-22 miles in
1898-9)
Density of passenger traffic (i. «., number of passengers oarried one mile per
mile of road operated In passenger service (see mileage in Item next above).
Average number of passengers per
trainmile
Average number of miles one passenger
oarried
$
1
3,880,514 60
ots. 1*83
$107
$6,666 86
$6,044 63
304,783
290,655
50
48
81
30
May 1st
COMMENT UPON EARNINGS AND EXPENSES.
Freight earnings increased $4,993,005 43, of which $1,813,574 54 was due to the additions to the company's system
the remainder of the increase, $3,179,430 89, was a gain of
10-9 per cent over 1898-9.
The tonnage increased 5,832,912
tons, of which 3,956,401 tons were the result of the increased
road mileage the balance, 1,876,511 tons, was a gain of 5-9
per cent over the previous year. The tonnage carried one
mile was 862.218,726 tons greater than in the preceding fis2,585 14 miles operated to April 30th, 2,828-68 miles from
;
5.687.875 14
I.
2.291,151 57
Cash dividends, four, ag-
i\%
of tons of all freight
company's)
398
*
Net income
gatlng
Averwge number
Passenger.
647,351 33
J.
25,228,11000 22,289,11135 7.2,938,993 65
GROSS INCOME
Deduct—
D. 48,169 69
7,487,754 71
Interest on funded debt 7.439,5°5 02
Totals
•
7.295,394 33
657,866 00
Rentals of leased lines. 6,939.127 23
Taxes on real estate.... 1,936,907 06
237,815 71
Tax on capital stock....
2,610 81
Tax on bonded debt
Tax on gross earnings..
102,769 44
United States internal
65.423 06
revenue tax
Interest on loans, notes
224.844 96
and bills payable
31,273,14105 29,230,135 62
Total earnings
ots. 0-56
cts. 0-56
Earnings per ton per mile
$2 03
$188
Earnings per train mile
$12,165 93
$ll,lal 24
Earnings per mile of road operated
tratHo (i. e.,
Density of ievenue freight
2,171,554
2,001,483
tons oarried one mile per mile of road).
Average number of tons of revenue earn
train mlie
363
338
lng freight carried per
10,514 67
3,163,522 76
4,716,74443
Totals
$
$
33,970,862 79 28,922,921 42
Earnings from transportation
302,278 26
3o7,2l4 20
from miscellaneous sources...
Average number of tons of all freight
(east and west) carried on the New
York Central & Hudson River Railroad main line, per train mile
Aver, number of miles one ton carried.
3,170,654 67
stookowned
Freight.
trainmile
Michigan Southern
Dividend on Miohigan
Central stock owned..
Dividends and Interest
on other securities....
Interest on loans, notes
and sundry bills
Profits from sundry accounts
503
4,000.000 00
I.
937,500 00
;
Surplus
3,041,526 71
1,687,875 14 I. 1,353,651 57
From the surplus for the year
$3,041,526 71
there should be further deducted :
Special improvement lund toward defraying oost of extensive betterments (seepage 502)
$2,000,000 00
To wfUch
$ 1,041,526 71
add—
Premiums on additional
$156,194 89
capital stock sold
$1,197,721 60
From which deduct—
Payments lnoident to refunding bonded
debt
Payments incidents
$197,370 25
to Issuing additional
oapltal stock
41,466 48
Sundry unooUectible charges
Amount
to the
credit of Profit
Balance June
240,329 64
1,492 91
and Loss June
30,
5957,391 96
10,797,497 42
1899
30, 1900
$11,754,889 £8
*2,585-14 miles operated to April 30, 2,823-68 miles from
TRAFFIC STATISTICS
As to the Volume of Business.
Freight Carried and Ton Mileage,
May
1.
t
1899-1900.
1898-1899.
(2,817-14
(*For mileage
miles operated.) see foot-note.)
Tons of through freight, north, and west..
549,188
513,132
Tons of through freight, east and south. .
3,362,093
3,251,826
number of ton* of through
freight
of way freight, north and west
of way freight, east and south
Total
Tons
Tons
Total
Tons
Tous
number
of tons of
way freight.
of freight earning revenue
of company's freight
Total
number
of tons carried
3,911,288
12,143,267
21,531,943
3,764,958
8,496,439
19,492,187
33,675,210
37,586.496
5,409,932
27,988,626
31,753, = 84
2,818,617
42,995,428
34,572,201
5,255,353,899
Tons oarried one mile
6,117,572,625
Tons of company's freight oarried one
111116
603,037,823
,
Totalnumber of tons oarried one mlle.6,720,610,448
Engine Mileage.
freight
a,
TotalB
Jttilesronby
Miles run by
1,840,635
51,836,986
Work
21,030,637
16,441,260
2,270,2ti9
a »f ,
Switching
Mies run by
5,610,059,451
22,986,079
17,524,364
9,056,274
en Rer
Miles run by
354,705.552
47,421.616
Mileage of Trains.
freight trains
16.609,622
passenger trains
16,820,180
mixed trains
348,700
work trains
2,270.374
Total train mileage
36,048,876
8,109,1.-4
15,279,657
15,596, 44
363,923
;
company.
Passenger earnings increased $1,583,779 16, of which $165,was the result of the larger road mileage operated,
the remainder, $1,417,851 87, represented an increase of 10 2
per cent; of this latter amount, 1,093,223 42, or 77 per cent,
was derived from traffic originating and terminating on the
system. Business on all of the leased lines showed improvement, and the statistical reports furnish abundant evidence
of general prosperity in the communities served by the
927 29
#
company's railroads.
Io. the year just closed 2,826,336 more passengers were
carried th-m in the similar period preceding, a gain, after
deducting 364,154 due to the increase in the road operated,
of 10 per cent. The e »rnings per mile of road increased
from $6,044 63 to $6,666 86, or 10-3 per cent; and the density
of passenger traffic (passengers carried one mile per mile
of road) from 290,65=) to 304,783, or 4-9 per cent.
The percentage of each group of operating expenses to
gross earnings for the past three fiscal years is as follows:
1,840,535
33.c80.259
£
e
re
ni« ;«;ai^ *«8 8»te distance oalled for on way-bills multiplied by
n^c. from Ma*y 1st. ,585 14mUea0perat6d *° ApfU 3ah ' *' 828 61
'
cal year deducting 494,611,353 tons derived from the additions to the system, the remainder, 367,607,373 tons, was an
increase of 7 per cent.
The freight earnings per train mile were $2 03 as compared
with $1 83 in 1898-9, a gain of 8 per cent. The earnings per
mile of road operated showed a gain of $1,014 69 or 9 per
cent. The density of freight traffic (tons carried one mile
per mile of road) increased 170,071 tons, or 8*5 per cent. As
has been the case for several years past, the largest proportion of these satisfactory increases may be attributed to
traffic local to the territory traversed by the company' system. It is also worthy of note that the increase in tennage
was quite general. Of the thirty-four items in the statistical classification, only six showed decreases, all of them
small, the principal commodity thus affected having been
grain, shipments of which fell off 99,454 tons, or 2*6 percent.
The largest items of increase were coal and coke, which
now constitute 40 per cent of the entire tonnage. In these
commodities there occurred an increase of 2,641,876 tons, or
21-6 per cent.
The rate per ton per mile remained at 5*6 mills. In comparing this rat« with the figures published for previous years
the effect of the inclusion of the low-class tonnage of the
Beech Creek and Fall Brook lines should be borne in mind.
As a result of their operation as part of this company's system the general average has been perceptibly lowered, inasmuch as 87 per cent of their total tonnage consists of coal,
coke and other low-class freight; but as business of this
character is easily and economically handled, its large volume contributes substantially to the net revenue of the
1900.
Maintenance of way and structures
Maintenance of equipment
Conducting transportation
General expense*
1899.
1318
10 33
10-96
10-26
36-48
2-49
S8'92
2-48
1898.
1031
10-39
*°'3*
2-46
'
ToUl
62-41%
62-69%
6400%
THE CHRONICLE.
601
of maintenance of way and structure increased $2,218,509 04, or 44*6 per cent. This large outlay
has been made in pursuance of the company's policy, which
looks not only to the present improvement of the property,
but to a decreased cost of maintenance in the future. The
expense per mile of road was $2,580 and per mile of main
The expenses
tracks (sidings excluded) $1,663.
"Repairs of roadway" increased $670,228 02. This account includes the cost of 465,639 cubic yards of gravel ballast ana 112,"14 cubic yards of stone ballast, with which
579 miles of track have been thoroughly re-ballasted and
132,500 cubic yards of riprapping used for strengthening the
sea-walls along the Hudson and Mohawk rivers. There
were also constructed 81*62 miles of new sidings, the cost
of which, together with that of extensive improvements in
drainage, filling trestles, widening cuts, clearing rock cuts
and tunnels, etc., appears in tiis account.
"Renewals of rails" decreased $160,877 10, although
there was 35,356-2 tons of new steel rail laid on 289*7 miles
of single track as compared with 19,217*4 tons laid over
163*05 miles of single track in 1898-9. The decrease in expense was due to large purchases of new rail before the
recent advances in the price, together with credits from the
sale of old rail at the high figures current during the fiscal
year. The percentage of total main track mileage renewed
during the year was 6*88 per cent, as compared with 3*73
per cent in the year before. Of the 35,356*2 tons of new
rail laid, 29,664*5 tons were 80 lb. rail.
"Renewals of ties," aggregating $770,920 30, includes the
cost of laying 1,615,927 ties, as compared with 1,3S9,206 in
the preceding fiscal year. The substitution of cedar ties
and tie plates on branch lines has progressed rapidly, 428,038
ties of this nature having been laid during the year, as
against 185,798 in 1898-9. The number of ties laid per mile
of all tracks was 270, as compared with 233 in the previous
;
fiscal period.
|
Vol. LXXI.
of structures, the cost of which has also been charged in
this account.
The block signal system has been kept in a
high state of efficiency and new towers have been added at
Amsterdam, Oriskany, Rensselaer, Fonda, Little Falls, Factory Village, Kirkville, and other points, involving an expenditure of $98,993 01 more than in the previous year, an
increase of over 100 per cent, all of which has been charged
in this account.
" Docks and wharves " increased $319,495 55 This account
includes the cost, to date, of the extension of the Barclay
Street pier, the superstructure and other improvements at
the Desbrosses Street pier, additions to the Port Morris terminal (all in New York City), the construction of a new
transfer bridge at Weeuawken and additions to the West
Shore dock in Buffalo.
Notwithstanding the large additions to the equipment
made through the issue of new stock, the company has expended the normal amount in the maintenance of its rolling
stock. During t&e year the thorough overhauling and renovation of the passenger equipment, which was begun in the
previous fiscal year, has been carried on. 1,286 coaches have
passed through the paint shop for exterior and interior decoration, many of which have been re upholstered with new
plush, furnished with gas-lighting apparatus, fitted with
new steel-tired wheels, and vestibuled. 897 engines passed
through the machine shop for general repairs, new fireboxes, etc.
" Renewals of freight cars " includes a charge of $150,000,
representing payments of equipment notes issued ia 1891,
an obligation of the Rome Watertown
Ogdensburg Railroad Company assumed by this company under the terms of
&
the lease;
" includes the cost of
tugs, propellers, car floats, barges, steam hoisters and
other floating equipment purchased during the past year in
order to increase the efficiency of the company's harbor
service.
The cost of engine repairs per locomotive mile run was
3*76 cents; of freight car repairs, 9*06 cents per train mile;
and of passenger car repairs, 5*54 cents per train mile.
Although the expense of conducting transportation increase! $1,177,677 80, its percentage to gross earnings, it
will be observed, has decreased aoout 4 per cent in two
large proportion of the increase may be traced to
years.
the addition of the Fall Brook system, and the balance is
the natural outcome of so large an increase in the volume of
'•
Renewals of marine equipment
new
" Renewals of bridges and culverts " increased $738,756 70,
or 150 per cent. This account includes charges of $370,000
on account of the anticipated cost of the strengthening and
rebuilding of bridges on the main tracks. This work was
commenced in the spring of 1899 and will be carried on for
several vears. The approximate aggregate cost will be
$5,000,000, of which $1,000,000 has already been absorbed in
operating expenses and $2,000,000 more by the special improvement fund created by the Board of Directors, as ex
plained on page 502. The plan contsmplates radical replacements of old structures, whether of steel or other material, traffic handled.
with new steel bridges of the most modern type and of
The increase of 1,329,965 miles in freight train milestrength sufficient to allow the unrestricted use of the age is due entirely to the addition of the Fall Brook
heaviest classes of engines and cars. In addition to the system; that is to say, an increase of 4,466,823 tons
company's share of the cost of rebuilding the Hudson River was handled with practically the same train milepassenger bridge at Albany, this account includes the ex
age as in the previous year. The average number
pense of replacing 132 bridges, weighing about 27,000 tons, of tons of all freight per train mile, t ;erefore, inand having a total length per single roadway of 34,670 feet. creased from 361 tons to 398 tons, or 37 tons; and on the
It also covers the cost of putting in 292 cast iron pipe cul
main line of the New York Central Railroad proper, the
verts, weighing 609 tons; extensive excavation work for average number of tons of all freight (east and west) carfoundations; 12,871 cubic yards of concrete in and above ried per train mile was 791, as compared with 750 tons in
foundations; 8,219 cubic yards of masonry, and the construe
The marked preponderance of eastthe year preceiing.
tion of 55 new substructures of various kinds. During the bound freight traffic
about 70 per cent of the total tonyear 352 track openings have been abolished, as compared nage —places the company at a natural disadvantage in
with 263 in 1898 9.
seeding to employ to the maximum the capacity of its mo"Renewals of fences, road crossings, etc.," covers the tive power and rolling stock. Of the 7,860, 2>>8 freight cars
cost of rebuilding 295 miles of woven-wire fencing and the haulei, 28 per cent were empty cars north and west bound.
construction of 8% miles of new portable snow fences. Dur- As explained in the last report, the average is also much reing the year 8 highway crossings at grade were eliminated duced by the large proportion of the mileage of branch and
and the cost charged to this account.
leased lines, on which the train load is necessarily small.
"Repairs and renewals of buildings and fixtures" in- This situation should be taken into account when considercreased $535,437 94. Included in this account will be found ing the average lading of freight per train mile for the
the cost of new coaling trestles or mechanical coaling system as a whole.
plants at St. Johnsville, East Buffalo, Watertown, WeehawThe increase in engine mileage was 4,415,370 miles, of
ken, New Durham, Kingston, Ravena and Utica; also the which 2,341,592 miles were made upon the Fall Brook sysexpense of an entirely new engine house, with important tem during the ten months ended April 30th, the remainder,
yard improvements, at Ravena; the addition of water 2,073,778 miles, being an increase of 4*4 per cent.
troughs at various places; water tanks, pump houses, pipe
The number of cars engaged in freight t*atfic during the
lines, etc., at Mott Haven. Englewood, Cornwall, Batavia year was 7,860,268, as against 6,590,819 in the previous year,
and other points. It also covers the cost of new ice houses, an increase of 1,269,449.
track scales, electric lighting plants, milk and other freight
The Marine Depa-tment lightered 1,298,434 tons of merplatforms, and sundry extensions of existing freight and chandise, 57,578,072 bushels of grain and 66,475 carpassenger stations or their complete replacement. Special loads of east-bound freight.
It also handled 17,702 car
attention has been given during the year to the re-painting floats.
A
—
CAPITALIZATION.
FDNDED DEBT.
Date of
Class of Bond.
Issue.
First mortgage
First mortgage, sterling
1873
1873
Debentures
1884
Debentures of 1889
1889
Gold debentures of 1890
1890
* t Extended debt certificates
is.™
,
Gold mortgage
*"l897
Gold bonds, Lake Shore collateral
1898
Gold bonds, Michigan Central collateral
1898
,
Total
1
amount
Amount
of fnnded debt
per mile of road owned
(E1946 miles)
Date of Maturity.
January 1, 1903
January 1, 1903
September 1, 1904
September 1, 1904
June 1, 1905
May 1, 1905
July 1, 19d7
February I, 1998
February 1, 1998
Amount Issued and, Rate of
Amount of
Authorized Issue noe Outstanding. Interest
$3 '.000.000
JE'20.000,000
$10000,000
1,000.000
15,000,000
6,450,000
100.000,000
100,00.000
21,550,000
$18,490,000 00
6,027,854 .">9
4,870,000 00
00
659,0
7
6
5,70 > ,000 00
3,951,000 00
4
36,59^,08177
90,578,400 01
18, ••73,686 00
5
5
4
3**
3»s
3»«
Payable on
the
Pint
Days of
January and J uly.
January and JulyMarch and September.
March and September.
ane and December.
M iy and November.
January and July.
February and August.
February and August.
.1
$185,751,02136
$93,109 94
* Issued by the New York Central Railroad Company;
all of tbe others listed above were Issued by the New York Central & Hudson Rive r
Railroad i ompany.
t Original rate of interest, 6 per oent; extended May l, 1833, for
ten years at 5 per cent; farther extended May 1, 1893, for twelve ye»rs
at 4 per oent.
Excluding Lake Shore & Michigan Central collateral bonds
:
.
September
THE CHRONICLE.
8, 1900.]
SUMMARY OF FIR8T CHARGES.
CAPITAL STOCK.
-.
-----
1,149,951
Consolidation oertlfloates not yet
converted
49
Number
of shares issued
505
M 50^
Number of shares authorized
Interest on Notes and Loans
$115,000,000 00
Total par value authorized
Dividend for the yew. 4% per cent.
Amount of oapital stook per mile of road owned
(819-45)
$7,439,585 02
6,939,127 23
2,345,526 08
224,844 96
TAXES
Total First Charges
9.9
$114,995,100 00
4,900 00
Total par value Issued and outstanding
Consolidation oertlfloates outstanding
Interest on Funded Debt
Rentals of Leased Lines
„,,„„„„„„
03
$140,338
$16,919.083 29
DIVIDENDS.
on 1,000,000 shares of oapital stook, $1,000,000 00
Oct. 16, 1899. 1%
'
«•
1,250.000 00
Jan. 15,1900,114% " l.OOn.OOO
'
1900.1J4%" 1,000,000
'
1,250.000 00
Apr. 16,
"
"
"
"
1,437,500 00
July 16, 1900, 1*4%" 1,150.000
4%%
Total
$4,937,500 00
CONDENSED GENERAL BALA.NCE SHEET.
Jane
Jane
ASSETS.
30, 1899.
30, 1900.
road and Equipment.
$115,482,612 41
18,163,779 15
1,692,871 59
$27,034,026 25
3,306,464 31
$116,592,816 37
18,129,007 07
1,870,862 38
'..
Cost of road
Real estate
Changes of grade crossings, Buffalo (Incomplete)
Cost of equipment
$40,659,662 08
3,006,464 31
Special equipment
43,666,126 39
30,340,490 56
$180,258,812 21
$165,679,753 71
Proprietary Interest in Other Lines Through Ownership of Stock,
Lake Shore & Michigan Southern Railway
$90,539,200 00
18,546,625 00
156.912
802,875
483,800
100,000
60,857
Mlohigan Central Railroad
Cleveland Cincinnati Chicago & St. Louis Railway
Chesapeake & Ohio Railway
Lake Erie & Western Railroad
Pittsburg & Eastern Railroad
Dunkirk Allegheny Valley & Pittsburg Railroad
Syraouse Geneva & Corning Railway
Carthage Watertown & Sacketts Harbor Railroad
New Jersey Junction Railroad
Sundry other railroads
38
00
00
00
83
Ownership of other Property.
$2,044,275 31
1,905,878 36
3,438,156 28
3,912,884 77
Real estate not used in the operation of the road.
31
36
28
Hudson river bridges at Albany
Bonds of sundry railroad oompanies
77
Stook In other than railroad oompanies
$11,301,194 72
$11,150,094 72
Advances for Lessor and Other Companies.
New York & Harlem Railroad
$1,315,810 12
3,089,166 44
846,478 84
$5,251,455
378,559
200,305
985,226
182,114
291,184
222,628
-
$120,185,407 12
$110,690,270 21
$2,044.275
1,905,878
3,153,156
4,046,784
$90,578,400 00
18,873,685 00
4,307,379 52
1,638,454 79
2,897,642 60
150.000 00
156,912 38
802,875 00
483,800 00
100,000 00
196,257 83
—
40
73
43
83
78
93
62
Morrisania improvements and other construction (in excess of reimbursement by lessor)
Elevation of tracks and new bridge over Harlem River
Grand Central Station enlargement
$1,305,987 96
3,131,015 59
1,110,557 93
$5,547,56148
373,559 73
241.426 46
504,783 59
39,f<42 34
296,404 59
562,172 24
Dunkirk Allegheny Valley & Pittsburg Railroad.
West Shore Railroad
Beech Creek Railroad
.
Rome Watertown & Ogdensburg Railroad
New York A Putnam Railroad
Other oompanies
$7,565,450 43
$7,506,475 72
$4,093,894
3,708,588
3.960,551
1.688,088
5
\
Current Assets.
Cash charged Treasurer
91
95
13
77
$5,075,052
3,626,021
4,465,825
3,960,153
Trafflo balances receivable..
Sundry collectible accounts.
Fuel and supplies on hand...
$13,451,123 76
$750,110 00
$2,914,150 00
$17,127,052 99
$1,198,843 18
$2,914,150 00
Sinking Fund for the Redemption of Gold Debentures of 1890.
Securities Acquired from Lessor Companies (per contra).
$312,141,978 12
June
21
39
47
92
$340,550,910 65
Jane
LIABILITIES.
30, 1899.
30, 1900.
Capitalization.
$100,000,000 oc
$99,993,700 00
6,300 00
$114,995,100 00
4,900 00 $115,000,000 00
Oapital Stock
Consolidation certificates
Funded
$19,375,000
6,512,574
5,254,000
683,000
6,062,000
4,158,500
34,081,731
90,539,200
18,546,625
185,212,631 11
7,000 00
$285,219,631 11
$571,250 00
$25,402
802,259
64.310
59,568
44
57
67
62
00
44
00
00
00
00
67
00
00
Debt.
First mortgage bonds
First mortgage sterling bonds
Debenture certificates of 1884
Debenture oertlfloates of 1889
Debenture certificates of 1890
,
.
Extended debt certificates
3is% Gold mortgage bonds
Gold bonds, Lake Shore collateral
Gold bonds, Michigan Central collateral
,
185,751.021 36
7,000 00
Bond and Mortgage Payable
$300,758,021 36
$6,461,037 10
Total capitalization
Loans and Bills Payable
Items Conveyed from Lessor Companies.
& Adirondack Railway
Syacuse Geneva & Corning Railway
Carthage
,
Fall Brook Railway
Wallkill Valley Railroad
,
$941,541 30
•2,676.618
1,664,711
5,688,834
1,000,000
77,624
690,119
25
54
58
00
56
36
Interest
payable
,
,
and rentals accrued.
,
Dividend payable July 16th
Dividends and Interest unclaimed
Sundry accounts payable
$312,141,978 12
44
02
25
62
Special Improvement Fond
Securities Held in Trust for Lessor Companies (per contra)
Profit and Loss
$5,566,204 71
1,738,057 05
5,603.862 34
1,437,500 00
79,05ti
36
1,116,^45 02
$11,697,908 29
$2,914,150 00
$10,797,497 42
$25,402
934,900
102,016
59,568
$1,121,887 33
Current Liabilities.
Wages and supplies
Trafflo balances
$18,490,000 00
6,027,854 59
4,870,000 00
659,000 00
5,708,000 00
3,951,000 00
36,593,081 77
90,578,400 00
18,873,685 00
,
$15,540,925
$2,000,000
$2,914,150
$11,754,889
48
00
00
38
$340,550,910 65
—
.
.
.
THE CHRONICLE
506
EQUIPMENT.
OWNED AND LEASED.
Locomotives.
394
For passen ger service
For freight service
For switching service
Dummy engines.
9
61*4
206 Total locomotives In service. 1,303
Cars in Passenger Service.
Oars in Freight Service.
745
35,476 First class p assenger cars
Box cars
148
4,309 Second class passenger oars
Flat oars
l'«
1,435 Combination oars
Stock oars
107
17,331 Immigrant oars
Coal and coke cars
15
100 Dining cars
Refrigerator cars
2
529 Parlor oars
Caboose oars
Mail, express and baggage
348ia
cars....
59,180
Total
10
Officers' and pay oars
Other oars in passenger ser37
Oars in Road Depat tment Service.
vioe
250
Gravel cars
l,527ia
Total
38
Derrick oars
399
Other road cars
.
687
Total.
61,394ifl
Total oars in service
Floating Equipment.
Freight propellers and steam
23
tugs
7
Steam hoisting barges
18
Hand hoisting barges
71
Covered barges
32
28
Grain boats
Car
floats
7
Ferry boats
Total boats of
all
186
kinds
Elevators.
Oapacity in bush.
. 1,500,000
500,000
New York City, 60th st.
Albany
Byron
Buffalo
Buffalo
Capacity in bush.
1,250,000
250,000
Weehawken
Norwood
2.«-,000
"A"
"B"
600,000
800,000
4,92 5,000
Total oapacity
TABLE OF TRACKS.
Lines
New
Miles of Second
road.
track.
Owned—
York to
29V75 286-64 286-64
114-08
550-46
l,719-i:4
915-61
2.85240
846
2-58
55-08
231-64
2-90
20-46
14-66
228-23
1,004-74
17-00
3-51
407-95
54-80
2b-89
9-24
3-54
13-53
0-2B
6-16
27-20
60-01
42-00
37-74
253-58
201-99
55-M4
16-59
72-79
672-53
2,793-88
6-44
10-11
80-31
miles 441-75
377"70
441-75
71-68
317-27
819-15
513-43
317-27
286-61
6-00
6-04
Spuy'n Duy'l & Pt.Morris RR..
22-44
New York & Harlem
425-00 314-82
West Shore
4-51
4-51
Junction
New Jersey
6-00
6-04
126-^6
RR
RR
Rome Watertown & OgdensburgRR
Rome Watertown & Ogdensburg RR. leased lines
Mohawk &Malone Ry
Carthage & Adirondack Rv
Gouverneur & oswegat'e RR..
New York & Putnam RR
Syracuse Geneva & Corn.
Fall Brook Railway
Pine Creek Railway
Beech Creek Railroad
432-71
286-64
Lines Leased—
Trov & Greenbush RK
Tivoli Hollow Railroad
Wallkill Valley Railroad
30-C3
344-00
line).
Single track owned; Igth.in miles
BR
Total.
Sidings.
track,
'44-00
297-76
(mainline)
Main line owned; length in
Branches owned
Third Fourth
track.
Albany
East
Albany to Buffalo (main
304-47
12-01
3-28
3 06
11-74
"2-02
4-97
196-78
173-10
4610
13-05
54-06
1-23
6-20
3Z88
Ry
57-75
53-00
74-80
113-02
"3 6i
V
1,690-75
398-49
.
Branches Leased—
On New York & Harlem RR...
OnWestShore RR
On New Jersey Junction RR.
On Rome Watertown & Ogdensburg system
On Mohawk & Malone Ry
On New York & Putnam RR...
On Syracuse Geneva & Corning
Railway
On Fall Brook Railway
On Beech Creek Railroad
0-90
18-35
13-76
8*94
7020
.
1-18
S9-04
84-95
103-91
116-80
15437
1538
0-34
-
o 34
31-71
0-58
840
V15
10-0 >
68-43
8u-06
319
3-10
7"07
48-34
4694
Of the mileage owned and leased
152-81
11-59
10-83
2-93
10-09
33-12
121*10
318-48
3-10
Total leased lines; length in
2,009-23 401-59
18-35
miles
Grand total, single track ow n ed
and leased; lewjth in miles.. «2.S28-63 916-02 335-62
-
98-17
419-75
13-76
770*70
3,213-63
300-40
1,686-31
6,066-03
-
(namely, 2,828 68 miles) ll 54 miles of
track wore not actually operated during the past fiscal year.
Mileage
Mileage
Mileage
Mileage
Mileage
of
of
of
of
of
New York
New York
leased lines in State of New York
leased lines in State of New Jersey
main
line in State of
branches in State of
leased lines In State of Pennsylvania
Total mileage
first
441*75
377-70
1,664-16
23*67
321-40
2,828 68
Gauge of
Weight
—
track, 4 feet 8ifl Inches.
of rails, per yard, 60 to 100 pounds.
Steel bridges
1,167
Stone bridges
Wooden bridges
Trestles
Tunnels
94
235
238
29
Nova Scotia Iron & Steel Co.—Purchase.—At Halifax on
August 31 the Company, it is stated, completed its purchase
for $1,500,000 of the extensive coal properties of the General
The sale, it is said, includes mines
Mining Association.
and buildings at North Sidney and numerous other properties.— V. 71, p. 392.
Ogden Gas Co. of Chicago.— See People's Gas Light
Coke Co. below.— V. 71, p. 433.
&
[Vol. LXXI,
by wholesale reductions in the price of gas on the North Side
of Chicago by the new Municipal Gas Co., representing the
People's Company, and in turn by the Ogden Company. The
Municipal Gas Co., it is stated, can do business without an
ordinance from the City Council, since it does not propose to
lay mains, as it has the use of the mains of the old Suburban Gas Co., one of the companies merged with the People's.
President Billings is quoted as saying:
The lease of the People's mains is made to Judge Hamilton direct.
What he does with the gas whloh he buys at wholesale does not concern us. He distributes It through the Municipal Company, a concern
which was organized with himself, representing alsyndicate, as President. The city's revenue from the 3"2 per cent which it reoeives of
our gross receipts will be increased this year by the amount of gas
which we sell to Judge Hamilton through mains which were not of
value to us before. We are permitted to sub-let by our oharter, which
contains the following: "The said corporation Is hereoy authorized toborrow money and to mortgage or lease any of its franchises."
On Sept 3 the Ogden Company 'announced that it would
meet the 60- cent rate of the Municipal Company, making the price 60 cents until further notice in territory served
by the Ogden pipes, and would extend its facilities to theSouth and West Sides, its franchises covering the entire city.
On Sept. 4 the Municipal Company off- red gas at 50 cents,,
and on Sept. 5 the Ogden met this price. On Thursday the
price was reduced to 40 cents, and the Ogden Company was
said to be pushing the extension of its mains. Yesterday the
Municipal Gas Company increased its capital stock from
$500,000 to $5,000,000.— V. 71, p. 438,
Spartanburg (S. C.) Water- Works Co.— Successor ComThe Home Water Supply Co recently incorporated,
pany.
it is
—
,
stated, has
purchased the property.— V.
69, p. 757.
Standard Light & Power Co. of Fort Worth.— Sale not
Contiimed. United States D strict Judge Edward R. Meek
has declined to confirm the recent sale of the property for
$31,500.— V. 71, p. 346.
—
Swift
& Co.— See North
Packing
& Provision Co.— V.
71, p.
454.
United States Flour Milling Co.— Interest.— Interest at 5per cent will be adjusted to date on the new bonds, cash subscriptions for which were payable Sept. 4.— V. 71, p. 393, 346.
United States Pneumatic Horse Collar Co.— Preferred
—
Stock. The stockholders will vote at 52 Broadway en Sept.
28 on a proposition to convert the 130,000 shares ($130,000) of
common stock in the treasury into 6 per cent cumulative
preferred, which will be offered to shareholders at 50 cents
per share.
stockholders' committee reports the liabilities
as about $8,500 and the assets as approximately $10,500.
The capital stock is $1,000,000.— V. 71, p. 140.
A
.
Virginia Iron Coal & Coke Co. Coupon Payment.—The
coupons due Sept. 1, 1900, were paid on presentation at the
Manhattan Trust Co.— V. 71, p. 393.
Welsbach Co.— Listed in Philadelphia.—-The stock and
company, which owns
Welsbach Commercial
and Welsba?h Light companies, have been regularly listed on
the Philadelphia Stock Exchange. The following statement
has been furnished to the Exchange
collateral 5 per cent bonds of this
substantially all of the stocks of the
:
Liabilities—
Stock Wels. Light Co... $3,01 0,000
Wels. Com. Co. pfd
3,458.500
do
common 3,488,250
Cash
Loans payable
352
Organization
—
$6,468,500
3,488,2£0
7,465
7,113
Total
-V.
Bonds payable
Capital stock
$3,964,215
Total
$9,964,215
71, p. 37.
Western Electric Co. (Bell Telephone Mfg. Co.)— PurExtensive dock property, embracing about 225.000
square feet, has been purchased at Chicago to accommodate
an extension of the manufacturing plant.
The present
buildings in Chicago, some of which are ten stories high,
occupy the greater part of two city blccks, or about 220,l)GO
chase.
—
square feet.— V.
69, p. 1066.
—
Watervliet Water Co. Successor. This company has
been organized with $300,100 each of stock and bonds to take
over the West Troy property (see V. 71, p. 185). Frank W.
Marsh, Ebanezer Burr and J. C. Chamberlain of Bridgeport,
Conn., are interested.
West Troy Water Works Co.— See Watervliet Water Co.
above.— V. 71, p. 186.
Youngstown (0.) Gas & Electric Light Co.— Purchase.—
New York and Chicago capitalists, it is stated, have contracted to purchase the property for a price reported as
about $500,000, the stock to be deposited with the Dollar
Savings & Trust Co. of Youngstown on or before Oct. 1,
when the transfer will be consummated. A union of lighting
plants and suburban railway properties is said to be proposed.— V. 69, p. 1152.
— An
interesting leaflet on German bonds, giving descripand laws governing issue, and other information, has
Oskaloosa (la.) Water Co.— Incorporated.— This company been compiled by A. A. Lisman, Manager Bond Department
has been incorporated in Iowa with $150, U00 of authorized of C. I. Hudson & Co.
Incorporators: J. Gamble, W. Bowen, both
capital stock.
Messrs. F. J. Lisman & Co. advertise in another column
of Oskaloosa.— V. 70, p. 636.
that they are prepared to deal in the bonds of the Long
People's Gas Light & Coke Co. of Chicago.— Gas War.— Island Railroad system. A number of these issues can be
Last week's reports that the negotiations for the purchase of bought on a 4 ^-4 40 per cent basis, which they state shows a
the Ogden Gas Company had failed and that a gas war was better return than any other securities of the Pennsyvania
impending have been confirmed by official statements and system.
tion
—
,
,
J
September
..
.
THE CHRONICLE
8, 1900.
COTTON.
(frommzxtml 'Qimts.
3*fee
Friday Night, September
Friday
Sept. 7, 1900.
Weather conditions in a measure have been of a character to interfere with business to some extent, continued
high temperature having a tendency to hold trading, particularly in seasonable goods, in check. The [general outlook, nevertheless, has been considered encouraging, although
for the present the buying has continued on very conservafeature of the week has been a sharp upward
tive lines.
turn to cotton prices, based on the temporary scarcity of
fairly
supplies, particularly in the Eaglish market.
large transaction has been made in print cloths by the Fall
River cotton mills, but there has been no general improvement in the buying. Crop news from the West and South
has been quite generally of a favorable character.
A
A
Sept. 1,
Stocks of Merchandise,
1900
Pork
Lard
Tobacco, domestic
hhds
Coffee, Brazil
Coffee, other
Coffee, Java, &o
5.202
7,542
bbls.
tos
bags.
bags,
408,649
140,480
155,782
None.
None.
None.
29,400
22,637
38,*24
mats.
hhds.
bags, <&o.
Sugar
Sugar
hhds
Molasses, foreign
No.
Hides
Cotton
Rosin
bales.
bbls.
bbls.
bbls.
Sloe, E. I
Bice, domestic
bags.
bbls.
2,408
1,012
17,100
9,600
Linseed
bags.
bags.
None.
7,500
Spirits turpentine
Tar
Saltpetre
Jute butts
hemp
Flour
100
bales.
bales.
bales.
Manila hemp
bbls.
5,284
2,786
87,300
and saoka
Aug. 1,
1900
Sept. 1,
1899.
6,934
10.050
15,578
370,777
137,517
163,046
None.
7,474
13,759
10,316
679,149
110,238
125,758
31
23,101
None.
13,500
150,639
24,199
2,056
None.
None.
20,900
28,331
36,446
2,451
1,396
18,500
8,000
None.
8,000
100
4,150
7,124
73,700
evening the total receipts have reaohed 52,365 bales,
against 24,261 bales last week and 8,115 bales the previous
week, making the total reoeipts since the 1st of Sept., 1900,
52,365 bales, against 117,225 bales for the same period of
1899 showing a decrease since Sept 1 , 1900 of 64,860 bales.
this
.
.
at—
Receipts
Mobile
Pensaoola, &o.
74
2,288
Fri.
10,531
4,055
1,499
1,182
686
16
1,300
7
964
75
3,164
3,574
5,089
2,950
3,894
20,959
2,485
167
610
496
723
382
537
176
400
1,251
2,140
1,344
1,356
1,162
7,653
317
428
556
872
393
1,425
3,991
137
137
106
25
106
220
8,047 10,455
52,365
News, 4o.
New York
N'p't
ehiladel'a,
8,423 11,745
9,399
4,296
30
110
80
Ac.
week
Tot. this
537
25
Boston
Baltimore
The following shows the week's total reoeipts, the total since
and the stook to-night, compared with last year.
Sept. 1, 1900
1900.
1899.
Stock.
Since Sep.
1900
This
week.
4,055
1,499
10,531
167
4,055
1,499
40,470
418
20,701
3,634
Savannah... 20,959
20,959
23.618
1,200
7,094
3,842
2,422
26,164
1,200
8,021
8,000
-
2,423
167
283
145
822
Pt. Royal.&c.
Wilmington....
Waah'ton.&c.
Sept. 7.
Lard on the spot has continued to meet with only a small
and the tendency of prices has been towards a lower basis.
The close was steady at 7 05c. for prime Western and 6 '60c.
for prime City. The demand for refined lard has continued
to drag and prices have weakened. The close, however, was
steadier on the basis of 7'30c. for refined for the Continent.
Speculation in lard for future delivery has been quiet and
prices weakened under full receipts of swine. The close was
Total.
1.872
2,300
Fri.
198
None.
sale
875
Thurs.
Brunsw'k.&c.
Receipts to
1,314
6,619
75,800
Wed.
Tuts.
2,042
1,019
504
None.
Mon.
Bat.
Galveston......
Sab. Pass, Ac
New Orleans...
5,000
8,000
steadier on shorts covering.
DAILY CLOSING PRICES OF LARD FUTURES.
Sat.
Mon.
Wed. Thurs.
Tuts.
7-10 Holiday. 7-12
7-07
September
700
7, 1900.
The Movement of the Crop, as Indicated by our telegrams
from the South to-night, Is given below, For the week ending
COMMERCIAL EPITOME.
Night,
Sisal
507
Since Sep.
This
week.
1,
Galveston...
10,531
Sab.P.,&o.
New Orleans
Mobile
167
1,
43,479
537
P.Royal.&o.
Wilmington.
Wash'n, &o.
Norfolk
N'portN.,Ac
New
537
2,485
Br'wiok.&c.
Charleston..
2,485
......
......
......
7,653
3,900
......
......
4,174
137
78
713
359
746
299
30,230
1,111
13,521
11,073
14,562
4,478
17,758
1
164,767
12,000
4,219
4,880
.......
78
713
495
746
522
25
106
220
25
106
220
The demand
22,420
537
1,352
••••*
4,252
137
140,553
9,881
........
3,991
••«•••
7 05
25,333
4,958
4,043
3,991
57,237
........
7,653
York...
12,697
418
20,840
P'saoola, <&o.
1899.
1900.
1899
•*
mmmsmmt
28,501
3,500
for pork has been for jobbing lots only, but Baltimore .
331
have held about steady, closing at $12@13 for old mess Philadel.&o.
1,306
aDd fl2 75® 13 50 for new mesa. Cut meats have been quiet
52,365
52,365 107,404 117,225 116,536 470,72
but steady. Tallow has been dull and unchanged at 4 7 -16c.
Cottonseed oil has been quiet but steady at 34^@35c. for
In order that comparison may be made with other years,
prime yellow. Butter has been quiet and slightly easier. we give below the totals at leading ports for six seasons.
Cheese has been in limited export demand and steady.
Receipts at— 1900.
1896.
1895.
1899.
1897.
1898.
Fresh eggs have been steady for choice grades.
Brazil grades of coffee have not sold freely; still there have Galves'n.&o.
31,907
11,801
10,698
40,888
29,860
39,753
been indications of a gradually improving distributing busi- New Orleans
4,055
20,701
30,036
37,012
13,115
9,671
ness, and for the week prices have shown no decided changes.
Mobile
1,499
3,634
959
3,804
1,542
2,168
The close was firm at 8%c for Rio No. 7. There has been a Savannah... 20,959 23,618
17,764
28,057
12,975
6,812
quiet market for West India growths, and nominal quotaChas'ton, <fcc.
4,992
2,485
7,094
1,618
5,916
19,662
tions have been lowered to 10c. for good Cucuta. East India
Wilm'ton, Ac
714
778
10,002
7,653
3,900
5,996
growths have had a limited sale at steady prices. SpeculaNorfolk
1,143
13,20 7
603
3,991
4,174
2,745
tion in the market for contracts has been moderately active.
N. News, Ac.
137
147
203
173
103
78
Early in the week prices showed a tendency to sag under
1,619
888
3,317
2,128
1,771
3,080
increased Santos crop estimates, but later rallied on rep arts a. 11 others...
of improved trade conditions. The close was higher on Tot. this wk.
47,539
52,365 107,404
54,664
93,848 154,785
prices
shorts covering. Final asking prices were:
Sept
7-35o. Dec
7-60o. March
Oot
7-40o. Jan
7-65o Aprils....
7-700.
I
Since Sept. 1
52,365
66,060
117,225
216,992
117,358
61,341.
780o.
7'85c
Raw sugars have been firm and slightly higher offerings
have continued small and closing prices were firm at 4 15-16c.
for centrifugals, 96 deg. test, and4^c. for Muscovado, 89-deg.
test. Refined sugar quiet but steady at 6'15c. for granulated.
Teas sold at lower prices at auction for some grades.
Kentucky tobacco has been in moderately active export
demand and firm. Seed leaf tobacco has had an active sale
at firm prices. Sales for the week were 6,850 cases,
Business in the market for Straits tin has been quiet and
the close was lower, reflecting weaker foreign advices; prices
quoted were 30-25@30'60^.
Ingot copper has had a moderate sale and prices have advanced to 16%c. for Lake, closing steady. Lead has been quiet and uncnanged at 4-37J^c.
for domestic. Spelter has been quiet and slightly easier at
4-07^(24 -\2%c. for domestic. Pig iron had a fair sale, but on
a lower basis of values, closing $13@16 50 for domestic.
Refined petroleum has been steady, closing at 8 -05c. in
The exports for the week ending this evening reaoh a total
of 16,174 bales, of whioh 10,010 were to Great Britain,
to Franoe and 6,164 to the rest of the Continent. Below
bos., .v50c. in bulk and 9-35c. in cases.
at 9 "550. Crude certificates
N'port N.,
Nov
7-450.
I
Feb
7-70c.
May
;
Naphtha unchanged
are the exports for the
Week Ending
Sept.
7,
Sent.
From
1900.
Sept.
1.
1,
1900
1900, to iSept. 7, 1900
Uteporieu to—
Exported to—
ExvorU
from—
Burnt
Conti- lotal
Qreat
France
France
Brtt'n.
nent. Week. Britain.
3alveston
•••••a
••••••
••••••
•*•*•.
•••>.
......
8.870
8,27a
12,142
8,870
Mobile
Pensaoola
......
••••••
••••••
......
••••••
•
.*••.
•••••
•••'•••
•••••*
•••••*
•••••.
•
Zotai.
......
Savannah
Continent.
•••••
Sab. Pass, \o.
New Orleans..
Brunswick
....
Charleston....
Port Royal....
«•....
•••
•••*
&c
......
Philadelphia.
•
• •
<
1,384
•
•••••
*
•••
......
••*•'.
•
•••
•••
•
......
••••*
••••••
......
••••••
»
......
......
106
Baltimore
«•••
12,142
......
••••*
1,034
8,272
•• ••
• •
•••••*
•••••.
.
......
•••••
••••••
......
Wilmington...
have been neglected.
Credit
balances have been unchanged at $1 25. Spirits turpentine
has been in better demand and steadier, closing at 37@37X<J.
Ro3m has been quiet but steady on the basis of $1 50 for
common and good strained. Wool has sold slowly and prices
have been irregular. Hops have been quiet and somewhat
unsettled for new crop.
week and sinoe
1,608
......
..••••
• • • • .
2,318
106
1,608
•
••••
1,284
2.818
1,603
1,603
6,164
1,034
16,174
12.301
31.259
10B
106
,
......
•••••
......
San Fran. .Ac10,010
Total. 1893....
14,365
6,161
832
16,174
10,010
10.5S9
25SSfl
18,023
932
.
.
.
_
.
THE CHRONICLE.
608
In addition to above exports, our telegrams to-night also
give us the following amounts of ootton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, whion are prepared for our speoial use by Messrs,
Lambert <fe Barrows, Produce Exchange Building.
We
Futures.
Vol. LXXI.
— Ihe
lowest and olosing prices of
In the following table.
highest,
New York are shown
Futures at
ON SHIPBOABD, NOT CLEARED FOR—
Lea-sim
Sept.
7 at
Other
Britain. France. Foreign
Great
New Orleans...
525
6,420
4,216
400
Charleston
Mobile
Norfolk
None.
None.
None.
None.
None.
None.
None.
700
Other ports
1,062
2,000
None.
None.
None.
None.
None.
None.
7,803
6,820
Total 1900...
Total 1899. .
Total 1898...
19,867
10,829
ttoek.
Coastwise.
197
309
Total.
None.
99
None.
18,191
7,673
22,420
7,142
5,024
600
None.
None.
600
None.
1,100
1.000
2,500
None.
None.
3,200
2,162
3,000
3,306
3,199
21,128
95,408
10,727
4,947
75,384
37,057
395,336
157,893
34,029
14,992
10,761
6,289
Be
•ivanoH'
752
4,958
1.278
26.339
13,797
•AvanoH
Speculation in cotton for future delivery has been active,
attention has been given to the crop news
and developments, the feature being a practical cotton fama scare in
ine in the United Kingdom, which has resulted
the Liverpool and Manchester markets. The movement of
the new crop, while naturally showing an increase, is small
as compared with last year, and this, together with the
scarcity of tonnage for the prompt shipment of cotton to
Europe has resulted in an effort to cover among foreign
shorts and spinners. Shippers report that the freight engagements for October- November shipment have been large,
but advices, from the South say that despite the high prices
ruling holders of cotton have sold slowly, awaitiDg further
developments. The firmness of the local market has been
on buyiDg by shorts who have been forced to cover contracts,
and a r* flection of the strength of the foreign advices.
sale reported from Fall Kiver of 500,000 pieces of print
cloths also has a bullish influence. It is expected that
the monthly Bureau report to be issued on Monday, the 10th
inst., will show a low average condition and this, too, has
been a prominent bullish factor. To-day there was an unsettled ma: ket. The opening was lower under realizing
sales and reflecting weaker advices from Liverpool than expected. Buying principally for local account, stimulated in
part by report of a Gulf storm forming, then turned the
market stronger, but during the closing hour of business
realizing sales again weakened prices and final figures
showed a net loss for the day of 19:3)25 points. Cotton on
the epot has advanced, closing at lOJ^c. for middling uplands.
The rates on and off middling, as established Nov. 15, 1899,
by the Revision Committee, at which grades other than
middling may be delivered on oontract, are as follows.
Fair
..o. l^e on Strict Good Mid. Tinged. o. 3, 6 on
Middling Fair
% on Good Middling Tinged
Even
Strict Good Middling
.. 7)6 on
Middling Tinged
is ofl
B ieon Strict Middling Stained....
Good Middling
14 ofl
3 ieofl Low Middling Tinged
Strict Low Middling
6 1( ofl
Low Middling
Middling Stained
?ieoff
'ie ofl
Striot Good Ordinary
% off Striot Low Mid. Stained.. . 1 ofl
Good Ordinary
lheoff Low Middling Stained
1*3 ofl
On this basis the official prices for a few of the grades for
the past week— Sept. 1 to Sept. 7 would be as follows.
paratively
ooQp
Com
and prices have made an unusually sharp advance.
(9
little
ob en
Sat.
Good Ordinary.
Low Middling..
Middling
©
Good
Middling..
&
Middling Fair...
Hon Toes Wed
<«1
H
e
©1
©
pi
GULF.
Sat.
Good Ordinary.
Middling
Good
Middling..
Middling Fair..
93 e
gos
E
&
10*8
107 T
10*8
103, g
10<>8
Sat.
Itton
Holi-
Holi-
day.
day.
Low Middling
Tk. Frl.
95, e
916j,
9^
P.
s>
Middling
Striot Middling
Good Middling Tinged.
lOOg
813 u
m
o
9U 16
10»s
10 1*
lo'ie 107 ,„
10*e
10'e
Mon Tne» Wed
«5
STAINED.
%>
9 78
103g
9l,„
9ii le
915,, 103,,,
W
©
B
P.
Low Middling..
TM. Frl.
~8'is^
96, „
9»6 16
10%
10*J
10H le ion™
lUe 11*8
Tnei Wed Th.
8>4
8*3
8%
93, 6
SI "
7
93g
Frl.
83i
1
9 8
10*8
90s
» 78
939
9 78
10*8
middling upland at New York on
Sept. 7 for eaoh of the past 82 years have been as follows.
The quotations
1900....0.10i«
1892. ...0. 73, e 1884... ,0.10 78
813 16 1883... ..Ids
1891
6J«
1899
1898
1897
1896
1895
1894
1898
for
5%
1890
1889
7*i
8>s
i*H
6ic„,
7io, 6
105s
113s
107 18
10*8
1888
1887
1886
1885
914
10i ia
1882... ...12is la
1881... -.1238
„11U,6
1880.
1879.
12>4
1876...
1875...
1874...
1873...
1872...
1871...
1878
1877
12
1870,
20
llie
1869
34»4
MARKET AND
Spot Mabkbt
CLOSED.
Saturday
.
Monday
Market
Closed.
...20^
,..22i«
,..20*j
SALES.
Sales of Spot
Emport.
Oon-
tump.
& Contract.
Oontract.
Total.
..Holi days
j
Steady ..........
Wt-dnesday Steady at U ad.
Thursday.. Q't&et'y, Had..
Quiet
Tuesday
Futures
.0.119,8
...140s
...1679
. .
120
50
54
117
341
— «_^
120
50
54
117
341
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to-night, as maae up Dy
Continental stocks, as well
The Visible supply of Cotton
cable and telegraph, is as follows.
as those for Great Britain and the afloat, are this week's returns, and consequently all European figures are brought down
to Thursday evening. But to make the total the complete
figures for to-night (Sept. 7), we add the item of exports from
the United States, including in it the exports of Friday only.
1898.
1897.
1900.
1899.
Stock at Liverpool
bales. 209.000
843,000 750,000 438,000
Stock at London
4,000
5,000
10,000
7,000
Total Great Britain stock. 219,000 860.000 7^4,000 443,000
Stook at Hamburg........
19,000
19,000
20.000
34,000
Stock at Bremen
128,000
63,000
43,000 160,000
Stook at Amsterdam
1,000
3,000
2,000
Stook at Rotterdam
200
300
200
200
Stook at Antwerp
2,000
3,000
9.000
3,000
75,000
Stook at Havre
60,000 148,000
130,000
Stock at Marseilles
5,000
6,000
4,000
3,000
Stook at Barcelona
65.000
52,000
56,000
94,000
22,000
32,000
Stook at Genoa
10,000
26,000
14.000
Stook at Trieste
19,000
6,000
2\000
20 ',200 498 200 386,^00 267,200
Total Continental stocks
"
Total European stocks
428,200 1,348,200 1, 140,300 710,200
20,000
India ootton afloat for Europe
41.000
19,000
37,000
Amer. ootton afloat for E'rope.
48,000
30,000
65,000
70,000
T
Egypt, Brazil, Ac, aflt. for E pe
18,000
14.000
23,000
10,000
Stock in United States ports.
116,536 470,720 194,950 140,478
7«,338
51,530 254,9<5 111,133
Stock In U. 8. interior towns..
2.824
3,874
1,733
3,560
United States exports to-day..
Total visible supply
682,999 2.17L.415 1,579,207 1,018.890
Of the above, totals of American and other descriptions are as follows:
.
American—
Liverpool stook
Continental stocks
bales.
American
afloat for Europe...
United States stook
United States interior stocks.
United States exports to-day..
Total American
Bast Indian. Brasil, 4c—
Liverpool stook
Londonstook
Continental stocks
India afloat for Europe
Egypt, Brazil, Ac, afloat.
Total East India, Ao
Total Amerioan.'.
Total visible supply.
..
Middling Upland, Liverpool
Middling Upland, New York..
Egypt Good Brown, Liverpool
Peruv. Bough Good, Liverpool
Broach Fine, Liverpool...
Tinnevelly Good, Liverpool.
133.000
179,000
30,000
116,536
51.530
1
,733
774,000
429,000
65,000
470,720
254,935
3,560
672,000
325,000
70,000
194,950
111.133
2 824
511,799 1,997,215 1,375.907
330,000
202,000
48,000
140,478
78,338
3.874
802,690
76,000
69,000
78,000 108,000
5,000
10,000
7,000
4,000
30,200
69,200
65,200
61.300
2»',000
41,000
19,000
37,000
14.000
18,000
10,000
23,000
171,200
174,200 203.300 216,200
511,799 1,997, -as 1,375,907 802,690
682,999 2,171,415 1, 57k. 207 1,018,890
6"*d.
10*80.
6»s 16 d.
77, 6 d.
3><i C d.
67 e o.
5<>8d.
678 d.
5\d
3 9 i«d.
5*ad.
35 lt,d.
3 9 sad.
5is lrt o.
* 4 ied.
6i», 6 d.
315. 3 d.
4^(1.
7*0.
5d.
6>4d.
4d
3B 3 .2(L
B2T The imports into Continental ports the past week have
been 12,000 bales.
The above figures Indicate a decrease in the cotton in
sight to-night of 1,488,416 bales as compared with the same
date of 1899, a loss of »96,20S bales from the corresponding
date of 1898 and a decline ol 335,891 bales from 1897.
Shptbmber
THE CHRONICLE.
8, 1900.]
509
Weather Reports by Telegraph.— Reports to us by teleSeptember 1, the shipments for the graph from the South this eveniDg indicate that the weather
for the week and since
week and the stocks to-night, and the same items for the has been favorable as a rule during the week. Picking is
corresponding period of 1899—is set ont in detail below.
under way in most localities and generally is making good
progress, although retarded somewhat in Texas by rain, and
in portions of Alabama by sickness among laborers. Damage
by worms is complained of in Alabama, and in Atlantic disAt the Interior Towns the movement—that is the receipts
tricts
moisture
is desired.
Qalvest&n, Texas.—In general, crop reports are rather
more favorable. The condition of cotton has improved, the
greatest improvement being shown in North and North Central Texas. Rain has retarded picking. There has been rain
on five days of the week, the precipitation being one inch and
twenty-five hundredths. The thermometer has averaged 81,
ranging from 73 to 89.
Abilene, Texas. Tnere has been no rain the past week.
The thermometer has ranged from 70 to 90, averaging 80.
have had rain on four days of the
Brenharn, Texas.
week, the rainfall reaching fifty-one hundredths of an inch.
Average thermometer 82, highest 91, lowest 73.
Corpus Christi, Texas.— There has been rain on four days
during the week, the precipitation reaching one inch and
The thermometer has averaged 81, the
fifty hundredths.
highest being 86 and the lowest 76.
have had rain on five days of the
Cuero, Texas.—
week, the precipitation reaching ninety-eight hundredths of
an inch. The thermometer has averaged 81, ranging from
69 to 95.
Dallas, Texas. There has been no rain during the week.
The thermometer has ranged from 64 to 94, averaging 79.
had light rain on one day during
Henrietta, Texas.
the week, the rainfall being thirty-four hundredths of an
inch. Average thermometer, 83, highest 98, lowest 67.
Huntsville, Texas.—There has been rain on one day during
the week, to the extent of thirty- six hundredths of an inch.
The thermometer has averaged 82, the highest being 91 and
the lowest 73.
Longview, Texas. There has been rain on one day of the
week, to the extent of ten hundredths of an inch. The thermometer has averaged 84, ranging from 71 to 97.
Paris, Texas. There has been rain on three days during
the week, the precipitation reaching forty-nine hundredths
of an inch. The thermometer has ranged from 70 to 98, av-
—
5^'
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The above totals snow tnat the interior stocks nave increased during the week 6,903 bales, and are to-night 203,405
bales less than at same period last year.
Overland Movement for the Week and Sinoe Sept. 1.—
a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Sept. 7 and since Sept. 1 in the last two years are as follows.
We give below
1899.
1900.
September
7.
Week.
Since
Sept.
1.
Sept.
1.
2,268
6,453
6,817
108
558
558
166
166
15
342
4,100
216
947
4,100
342
2,889
2,889
12,274
12,638
331
331
506
506
2,117
18
1,256
2,466
18
1,256
837
Leaving total net overland*..
2,258
108
Deduct shipments—
Overland to S. Y., Boston, Ac.
—
837
3,391
3,740
2,052
2,052
8,883
8,898
—
15
216
947
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 2,053 bales, against 8,883 bales for the
week in 1899, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 6,831 bales
*
—
—
Since
Week.
Shipped—
Via Paduoah
................
Via Rook Island..........
Via Louisville..—
......
Via Hincinnatl
eraging 84.
San Antonio, Texas. We have had rain on four days of
the past week, the precipitation being ninety -four hundredths
of an inch. Average thermometer 80, highest 90, lowest 70.
Temple, Texas.—There has been rain on three days of the
week, the precipitation reaching forty-five hundredths of an
inch. The thermometer has averaged 78, the highest being
92 and the lowest 64.
Ntw Orleans, Louisiana. We have had rain on two days
daring the week, the rainfall reaching one inch and fifteen
hundredths. The thermometer has averaged 82.
Shreveport, Louisiana. There has been a trace of rain on
one day during the week. The thermometer has ranged
from 70 to 95, averaging 82.
Columbus, Mississippi. It has rained on one day of the
week, to the extent of five hundredths of an inch. Average
thermometer 85, highest 96 and lowest 74.
Leland, Mississippi—There has been no rain during the
week. The thermometer has averaged 79'6, the highest
being 93 and the lowest 68.
Vicksburg, Mississippi. There has been but a trace of
rain during the week. The thermometer has averaged 82,
ranging from 71 to 93.
Little Rock. Arkansas.
Picking is general. Crops are
improving daily. We have had rain on three days of the
week, the rainfall being forty hundredths of an inch. Average thermometer 80, highest 91, lowest 70.
Helena, Arkansas. Crops have improved. Little picking
has been done, as weather is too hot. We have had rain on
one day during the week, to the extent of forty- two hundredths of an inch. The thermometer has averaged 82, the
highest being 92 and the lowest 70.
Memphis, Tennessee.—
have had rain on one day of the
past week, to the extent of thirty-seven hundredths of an
inch. Cotton is making fair progress and opening fast. The
thermometer has averaged 85, ranging from 78*3 to 94.
—
M ^CO^WMOStONMCOl^
V ©VlMMa^\gw©^W*<l'M*.OS03*»*co"o>C)i
x to<i w ©m! coj.«4aico»j » i- to 0^0* eo m x<j«» o>oo
co>jip. to co
mom co w *
to coco — cw
co — to^aex-a- co
<JOO
—
SkaS
w
© «j eo
cocoe»*>^eo^i
J"\f
.
Vjo;
Including
—
—
We
—
for jute bagging during the past week, but quotations
are unchanged at 7%c. for \% lbs. and 8c. for 2 lbs., standard grades. Car-load lots of standard brands are quoted at
8@8J4c, f.ob., according to quality. Jute butts dull and
nominal at \%c. for paper quality and 2%c. for bagging qual-
Mobile, Alabama. Crop reports are less favorable. Worms
are reported to be doing injury in many sections and picking
has been interrupted to .a considerable extent by sickness
among laborers. There has been rain on four days during
the week, to the extent of seventy-three hundredths of an
inch. Average thermometer 81, highest 91, lowest 71.
Montgomery, Alabama. There has been rain on one day of
the week, to the extent of twenty hundredths of an inch.
The thermometer has averaged 79, the highest being 90 and
the lowest 68.
Selma, Alabama. There has been rain on two days of tha
week, to the extent of seventy four hundredths of an inch.
The thermometer has averaged 80, ranging from 67 to 92.
Madison, Florida. There has been rain on three days during the week, to the extent of two inches and ten hundredths. Rubt and shedding are complained of. The thermometer has ranged from 74 to 92, averaging 83.
Savannah, Georgia. - There has been rain every day
during the week, to the extent of three incnes and twentyfiv* hundredths.
Average thermometer 79, highest 88, low-
ity,
est 70.
1899.
1900.
In Sight and Spinners'
Takings.
Week,
Since
Sept.
1.
Total marketed
Interior stocks In excess
52,365 107.401
8,883
2,05?
28,000 28,000
117,325
8,808
33,000
82,41 r 144,237
6,903 12,150
159,123
11,752
89,320
North'n spinners tak'gs to 8ept.7.
9,601
new
crop.j
1.
52,365
2,052
28,000
Qame Into sight during week.
Total in sight Sept. 7
mand
Since
Sept.
82,417
6,903
Receipts at ports to Sept. 7
Net overland to Sept. 7
Southern consumption to Sept. 7.
Jute Butts, Bagging,
Week.
—
156,437
170,875
89,320
9,601
16,194
—
16,194
&c— There has been only a fair de
—
,
THE CHRONICLE
510
Augusta, Georgia.— Season is more favorable. Rain has
fallen on three days of the week to the extent of thirty-two
hundredths of an incb. The thermometer has averaged 80,
the highest being 90 and the lowest 71.
Stateburg, South Carolina.— Moisture is generally needed,
especially by many sections which have had none as yet.
Picking, ginning and marketing are activelj progressing.
There has been no rain the past week. The thermometer has
ranged from 68 to 92, averaging 80.
Charleston, South Carolina.—It has rained on four days
of the week, to the extent of one inch and ten hundredths.
The thermometer has averaged 80, ranging from 72 to 88.
Greenwood, South Carolina.— We have had rain on one
day of the week, the rainfall reaching twenty-five hunAverage thermometer 76, highest 86,
dredths of an inch.
lowest 67.
,
Charlotte, North Carolina.—We have had no ram the past
The thermometer has averaged 78, ranging from 66
week.
to 91.
Weldon, North Carolina.—Cotton is opening
thermometer has ranged from 66 to 88, averaging
fast.
77.
[Vol. LXXI.
New York
Cotton freights at
Satur.
We
Twist.
1899.
8H lbs. SMrt- Oott'n
common Mid. 32* Oop. ings, common Mid.
Tunst.
lbs. Shirt- Oott'n
TTplds
to finest.
Aug. 3
" 10
" 17
- 24
" 31
d.
7e
®8
8
8*3
t>8 78
8
Wq
8
®878
8*8
®8?a
Sep. 7 8>«
«9H
a.
d.
8.
5 3 »7
5 4 97
5 3«s®7
5 3 ®7
5 3 ®7
5 4»fl®7
d.
d.
7"j
57 lfl
9
9
51» 32 5?8
51»32 5 7e
8
10
11
d.
s.
d.
5l3 lft-6Uift, 4
®6%
®6\
4
d.
a.
lipids
d.
4 97 2
4ifl®7
2
4 41*97 2
6 97 24
5ifl®7 3
6 ®7 3
5"i, 515 6 -6I3 ie 4
523 22 6
-»6 78
4
6*3
8
@6 78 4
d.
338
3i6 sa
37i6 l
31? 3 2
31B 32
3»,«
Cotton Production, Distribution and Manufacture.—
Our annual Cotton Crop and Spinners' Report, which we
have prepared so many years, we give to-day in a special
hardly need speak of its merits, for they
Supplement.
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 States for the year
ending August 31, 1900; (2) an exhaustive history of the cotton-spinning industry of 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 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 distribution, besides divers other matters connected 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. Ha has
given a very clear account of the course and results of cotton manufacture during 1899 1900 in every important European State, and the prospects for cotton consumption in
No one is better equipped
those countries the coming year.
than he is for that work; and we are confident that planters
and spinners will find a study of his facts and opinions not
only a pleasure but decidedly helpful.
We
—
Government Weekly Cotton Report. Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau made public on Tuesday the telegraphic reports on
the crop in the Southern States for the week ending Sept. 3,
summarizing them as follows:
No general improvement in the
condition of cotton is reported.
Premature opening has been oheoked in the Carolinas, shedding has
ceased in South Carolina, and tbe late crop in that State is again
blooming and fruiting. Complaints of rust, shedding, premature
opening and inj ury from boll worms still continue from the central
portion of the cotton belt. In Texas cotton is from two to four weeks
late, except in scattered localities of the northeast portion. Reports
indicate that in many localities of Northern Texas there will be about
an average crop, but elsewhere it will be generally below, especially
in the southern portion, where in a few places cotton is almost a failure, while hot winds, Mexioan weevil and boll worms damaged the
crop in many localities. Cotton picking is general in all sections,
except in Missouri and Tennessee.
—
Shipping News. As shown on a previous page, the
exports of ootton from the United States the past week have
made up
Total tales.
Georgio,
Nbw York—To Liverpool, per steamers Afrio, 762
45
40
40
40
50
45
40
45
40
40
40
50
45-a>50
45
45
35
42
45a>60
45
45
•
•
c,
W
6
pi
M
o
c
Rotterdam
c,
Reval, v.Br-Hame.
p.
v. Hull...*,
40
40
50
B>
•<
v. St. Pet.e.
Genoa
I
t
1
c.
1
Trieste, asked... c,
•
•
Antwerp...
c.
Ghent,v.Antw'p e
Quotations are oents per 100
* And 5 per cent
•
•
•
|
.
lbs.
45@50 45O50
45
45
35
35
42
42
or Xraotions of a penny per
—
45
46
35
42
lb.
&c
Aug.
Sales of the
week
bales
Of which exporters took...
Of which speculators took
Sales American
Actual export
,
,
Of which American— Est'd.
Total import of the week
Of which American.........
,
Amount afloat
*
17.
Aug.
24.
Aug. 31
20,000
1,200
20,000
1,400
20,000
1,200
500
500
300
16,000
4,000
30,000
310,000
218,000
29,000
27,000
49,000
37,000
15,000
8,000
32,000
306,000
217,000
36,000
25,000
32,000
25,000
Sept. 7.
61,000
700
200
16,000
44,000
3,000
6,000
46,000
39,000
276,000 *209,000
189,000
133,000
14,000
15,000
11,000
11,000
31,000
36,000
21.000
22,000
Stock corrected.
The tone of the Liverpool market for spots and futures
eaoh day of the week ending Sept. 7 and the daily olosing
prices of spot ootton, have been as follows.
Bat'day.
Spot.
Market,
Monday. Tuesday. Wed'day. Thursd'y Friday.
Fair
business
request.
Fair
business
doing.
business
6»32
66 16
6i«
8,000
15,000
300
500
10,000
1,000
More
More
1:45 P. u.\
doing.
demand.
Mid. Upl'ds.
529 S2
53] 32
53I32
4,000
8,000
400
500
t
Spec &exp.
doing.
Increased
Fair
doing.
9,000
500
Futures.
Market,
(
1:45 p. m.J
Market,
4
P.
M.
Strong at
Irreg. at!
Strong to 3-64® 4-64 Steady at Steady at Strong at 4-64® 7-64
2-64 ad10-64 adpartially
steaay. advance.
1-64 adv.
vance.
vance.
advance.
Easy.
(
Steady.
Quiet but
steady.
Firm.
Steady.
Steady.
\
ine prices of futures &t Liverpool tor eaoh aay are given
below, Prioes are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
IVon,
Sat.
Sept.
1.
1
12ifl
P.
d.
Sepi ember. 5
Sept.-oot..., 5
Oet.-Nov... 4
Nov. -Deo.., 4
Dec-Jan... 4
Jan.-Feb.... 4
Feb.-Moh.. 4
Mch. -April. 4
April- May. 4
May- June.. 4
June-July..
Sept. 4.
Wed. Thurs.
Tues.
Sept. 3.
1:45
4
4
1:45
Sept. 5.
1:45
4
Sept. 6.
1:45
Frl.
Sept. 7.
4
U. P. M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
32
02
51
44
42
40
38
37
36
35
d.
d.
d.
d.
5 32 5 40 5 38 5
5 02 5 09 5 10 5
151 4 56 4 57 4
4 44 4 4-i 4 49 4
40 4 44 4 46
44
42
40
39
433 4 37 4 38
4
4 38 4 42 4
4 36 4 40 4
4 35 4 38 4
4 34 4 36 4
4
4
4
4
4
4
39
12
60
52
49
46
44
43
41
40
d.
d.
5 40 5
5 12 5
4 60 5
4 51 4
4 47 4
4
45 4
4 43 4
4 41 4
4 40 4
4 39 4
53
20
03
58
53
51
48
46
45
44
d.
d.
d.
6 06
5 34
5 15
5 07
4 53 4 63 5 03
5 56 6 00
5 18 5 30
5 02 5 12
4 57 5 04
4 50
4 48
4 45
4 44
4 43
4 61 4 64
4 58 4 61
4 56 4 60
4 55 4 59
4 54 4 57
July Aug. ..
BREADSTUFFS.
Friday,
,
reaohed 16,174 bales. The shipments in detail, as
from mail and telegraphio returns, are as follows:
50*
45
40
40
40
50
c.
Of which American
d.
"eT
50*
•
6.. c.
Total stock—Estimated
to finest.
n f4
50*
•
a
Forwarded
SH
"e4
•
I
c.
Liverpool. By oable from Liverpool we have the followThe ing statement of the week's sales, stocks,
at that port,
report received by cable
to-night from Manchester states that the market has been
quiet for both yarns and shirtings, in consequence of Livergive the prices for to-day below and leave
pool news.
previous weeks of this and last year for comparison.
those for
32* Oop. ings,
»64
1
Do
Do
Fri.
50*
•
Havre
Hamburg
Amsterdam
bee»:
*
Liverpool, Oct..d,
Bremen, Sept
week have
Wednes. Thurs.
Tuts.
ifOH.
Manchester Market.— Oar
1900.
the past
Sept. 7, 1900.
for wheat flour has reached only very moderate proportions. The home trade has been a slow buyer, as
local jobbers have appeared to have their immediate wants
fairly well supplied, and a declining tendency to values for
the grain has held new business in check. The demand from
shippers has been light, the scarcity of ocean tonnage interfering with the export business. Few changes have been
made in quoted prices, but the tendency has been in buyers'
Corn
favor. Rye flour has had a fair sale at steady prices.
meal has been in limited supply for barreled stock and prices
have held steady.
Speculation in wheat for future delivery has been comparatively quiet, and prices have shown a tendency to sag, the
market having little speculative support. There was a fractional gain in prices, reflecting steadier foreign advices and
light deliveries on contracts, but during the week the im-
The demand
provement was not maintained.
Foreign advices have been disappointing, and specuTo Hamburg, per steamer Pretoria, 851
some selling for foreign acSouthlatively there has been
To Antwerp, per steamers British Queen, 93
293 count. The United States' visible supply showed a surward *05
135
To Naples, per steamers Ems, 10; Vlnoenzo Florio. 125
prisingly small increase for the week, but this was
NBW Oblkajjs— To Havre— Sept. l— Steamer Oapella, 3,302...
offset by the large world's shipments to European marOrion, 4,268
Sept. 5— Steamer JamaSept. 4— Steamer
8,870 kets. The movement of the crop in the Southwest has
ican, 1,300
1,022
To Rotterdam— Aug. 31 -Steamer Llaugorse, 1.022
continued fairly full, but demand has appeared to keep pace
To Barcelona— Sept. 4— Steamer Conde WUfredo, 2,250.... 2,250
106 with it, as shown by the fact that supplies in the
Liverpool— Aug. 31— Steamer Turooman. 106
BOSTON—To
Baltimore— To Bremen— Sept. 2— Steamer Ivydene, 786....
primal markets made only small increases. Weather con1,608 ditions in the Northwest have continued more favorable for
Sept. 5— Steamer Lord Antrum, 822
also has bsen freer selling reported
16,174 harvesting, and there
THrtafl
272
1,034
851
—
...»
!
i
ii
.
September
THE CHRONICLE.
8, 1800.]
5U
Spring Wheat.— Threshing of spring wheat has progressed rapLiquidation by tired speculative
Northwest.
favorable conditions. Tn North Dakota high winds, with
feature of the market. The Hun- idly under rain, dried the grain sufficiently for threshing, although
holders also has been a
absence of
garian Minister of Agrioulture estimates the world's crop at the bulk of it is considerably damaged by having sprouted and beshook and stack. The
about 2,500,000,000 bushels. The spot market has been easier, come musty and moldy both in considerably improved rain-damaged
by dry, warm
in Sooth Dakota were
decline in futures, but at the lower prices a stacks
following the
winds.
large export business has been reported transacted at the
VT For other tables usually given here see page 477.
seaboard and in the interior, largely for Continental account.
To-day there was a quiet, steady market. Foreign markets
were steady. The epot market was moderately active; sales
New York, Friday, P. M., Sept. 7, 1900.
for export here and at outports were 250,000 bushels.
Fall River has played an important part in thi« week's proYORK.
DAJLT 0LO8IJKJ PRICES OF NO. 2 BED WIKTER Hi
sale of 500,000 pieces of regular cloths being made
from the
THE DRY GOODS TRADE.
NEW
Sat,
Cash wheat
f.
o.
Afon.
Deo. deli very In elev
March delivery in elev..
May delivery In elev
81^
Wed.
Thurg.
793a
78ifl
Holiday
Fri.
80
80
81£
79%
b
Sept. delivery In elev
Tueg.
80?8
77'9
78
80^
8OI4
82 3t
82»8
80%
83^8
8338
83
84
83^4
83*4
8234
83 78
DAILY 0LO8IHG PKIOBS OF NO. 2 SPRING IN CHICAGO.
Tues.
Wed. Thur$.
Sat.
Mon.
Fri.
1
73>«
73
73
73%
Sept. delivery in elev.... 74 *
73?9
73!%
76*4 Holiday. 74^
733s
Oot. delivery in elev
74»8
74*8
75
743a
Nov. delivery in elev
Indian corn futures have been quiet, and prices have made
fractional losses. The principal weakening feature has
been the fine weather in the corn-belt, which has been favorable for the rapid maturiDg of the crop. Statistically the
position of the market has been a firm one. Supplies in
sight have been very moderate, and the latest visible statement snowed a material decrease. The crop move-
has continued very moderate, although it is
claimed tbat there are indications of an increased
country movement, but it is believed by many that the
reserve supplies held by the country are small. It is stated
that there has been some liquidation of the long interest in
September, but it is reported that the outstanding short inThe spot market has been
terest in this month is a large one.
exporters have been
fairly active at slightly lower prices
To-day the market was quiet but
fairly free buyers.
ment
;
spot market was less active.
export were 300,000 bushels.
DAILY CLOSING PBI0E8 OF NO. 2 MIXED CORN IN
Wed.
Mon.
Tuet.
Sat.
46i8
45 14
46 7a
Cash corn f. o. b
steadier.
The
The
sales for
NEW YORK.
—
—
—
Sept. delivers in elev
Deo. deli very in el ev
May delivery in elev
45^
41^
Holiday.
413s
44 1-1
40%
40%
4413
408a
4038
Thurg.
Fri.
46
4638
4438
40 19
44%
40!%
403a
40 14
DAILY CLOSING PRICES OF NO 2 MIXED CORN IN CHICAGO.
Fri
Wed. Thurg.
Mon. Tueg.
Sat.
39i«
39
39^
393e
40 >4
Sept. delivery in elev
38*8
3838
39*8 Holiday. 38*4
38
Oct. delivery in elev
36
35%
35 7s
363s
Nov. delivery In elev
market have been
Oats for future delivery at the Western
quiet and, following the course of values for other grains,
prices have weakened slightly. There has been, however,
no selling pressure on the market. Locally the spot market
has been slightly easier, but business has been only moderately active, with the demand coming almost wholly from
exporters. To-day the market was quiet and without important changes.
YORK.
DAILY CLOSING PRICES OF OATS IN
Fri.
Sat.
Mon. Tueg.
Wed. Thurg.
25
25
25^ Holi- 25J4
24%
No. 2 mixed in elev
27*2
27*3
27
day.
27
No. 2 white in elev
27»s
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Fri.
Wed. Thurg.
Sat.
Mon. Tueg.
NEW
21*8
21
2He
21
2'%
21^4
fcH*
213s
21i%
2158
21*3
213a
Rye has been quiet but fairly well held. Barley has been
firm for malting grades. There have been limited export
sales of feeding stock at steady prices.
Following are the closing quotations:
Sept. delivery in elev....
Oot.delivery in elev
Nov. delivery in elev
21
213§ Holiday.
FLOUR.
$2 30 02 40
Patent, winter.... $3 85 ©4
Superfine
2 55 3>2 60
City mills, patent.. 4 25 ®4
Extra, No. 2
2 60 ®2 65
Ryeflottr,saperflne 3 00 ®3
'<*
Extra, No. 1
2 50 ®2 80
Buckwheat floor
Clears
3 00 93 50
Corn meal—
Straights
3 50 a>4 00
Western,eto
2 45 W2
Patent, spring. ... 4 00 in 80
2 55
Brandy wine ...
(Wheat floor in sacks sells at prices below'those for barrels.)
Fine
00
75
60
—
GRAIN
Wheat, per bosn.—
0.
0.
Corn, per bosh.—
Hard Duloth, No.l 83%®85»s
Western mixed
61!4a>83i8
N'thern Dul., No.l
No. 2 mixed
Red winter, No. 2 77 12'3>7938
Western yellow
N'thern N.Y. No.l. 79^38138
Western white
Oats—Mix'd, p. bosh. 24 1a®27
Rye, per boshWhite
26 's^
western
No. 2 mixed
25 926
State and Jersey
No. 2 white
27 ®28
Barley—Western
Feeding
Government Weekly Grain Report.
50
o.
c.
42i8®4638
425s»4b38
44 14a 46 1s
4538*47 14
,
53 1a»57 1«
52^ ®57ia
46 ®54
40
—Mr. James
-a>48
Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States for the week ending
Sept. 3 as follows
Weather.— Over ihe greater portion of the country the weather conditions of toe week ending September 3, 1900, have been highly favorable for maturing crops, although droughty conditions continue
in portions of the Gulf States, Illinois and Missouri, in Colorado and
the arid regions of the Southwest. Rain is also needed in New England and the Middle Atlantic States. In California continued clouay
weather was unfavorable for fruit drying, Damaging frosts occurred
in the northern plateau region and light frost in New Mexico.
Corn.— Corn is ripening rapidly and cutting is becoming general in
all exoept the more northerly sections. In the principal corn States
much of the early crop is now beyond possible mjury from frost. Late
corn shows no improvement in Central Kansas, is a failure in portions
of Missouri and Arkansas and is injured by drought in some localities in Kentucky. Elsewhere the reports indicate an excellent crop of
generally good quality.
:
ceedings, a
by the committee to M. C. D. Borden, who paid the full market price ot V/%c. This is the largest transaction in print
cloths recorded since May, 1899, when 1.250.000 pieces were
sold to a syndicate of printers at 2%c. Middling uplands
cotton was then quoted at 6 3-16c. per lb. This week when
the half million pieces were sold the quotation was 9?£c p er
One result of this operation has been the abandonment,
lb.
for the time being, by the Fall River mills of the proposition
It has also caused a firmer market for
to reduce wages.
print cloths, but has not so far exercised any noticeable influence over other divisions. Print cloths and raw cotton have
been the strong features, but the general market awaits a
better demand than is now coming forward. As yet sellers
show no hesitancy in parting with stocks on hand at previous
prices, and there is hardly enough doing in the way of bids
for forward contracts to uncover their real attitude, although
a general reserve in connection with goods to be mafle is noGood reports come to hand concerning the jobbing
ticeable.
trade throughout the country and an improvement in collections is noted in most quarters.
Domestic Cotton Woods.— The exports of cotton gooda
from this port for the week ending Sept. 3 were 1,986
packages, valued at $129,117, their destination being to the
points specified in the tables below :
New York
1900.
to Sept.
1899.
3.
Week. Since Jan. 1
Week.
Since Jan. 1.
1,561
1,265
29
28
1
722
78
105
492
152
140,445
8,889
23,259
2.870
19,210
2,214
8,253
29,536
6,187
11
134
35
101
675
24
721
179,595
1,656
32,488
11,283
20,975
2,959
7,284
31,834
5,750
1,986
243,689
1,038
296,017
16
15
406
Great Britain
Other European..
China
India
Arabia
Africa
West Indies
Mexico
Central America.
Sooth America...
Other Countries.
Total.
1,472
The value of the New York exports for the year to date has
been $10,591,606 in 1900, against |10,626,639 In 1899.
Buytrjof heavy brown sheetiogs and drills for quick delivery have no difficulty in filling their requirements, sellers
meeting the demand readily at irregular prices. The market
is, however, firm for forward business, witb a number of
manufacturers declining at the moment to name prices.
Light-weight coarse gooda are unchanged. Fine yarn goads
are firmer. Sales of duck moderate at previous prices. In
bleached cottons the demand shows few orders of any moment coming forward, but a considerable demand for small
quantities. Sellers are generally well situated and prices are
steady. Wide sheetings are quiet, bat the market has a
firmer tendency. For denims the demand shows a moderate
improvement, with a somewhat steadier tone, but in other
coarse, colored cottoos business has been on a limited scale,
with ready sellers at current prices. Cotton flannels and
blankets are featureless. There ha3 not been any better demand than before for fancy prints, which continue irregular
in price. Staple prints are steady with a fair general business doing. There is no new feature in ginghams. As noted
above, 500,000 pieces of regular print clotbs have been sold
at Fall River at 2/£c., the market closing at that price. Odd
goods have been in fuller request and wide makes are occasionally l-16c. per yard dearer.
Woolen Goods. An improvement in the volume of orders
coming forward for men's wear woolen and worsted fabrics
is reported in some quarters, but it is noteworthy that these
leports are made by sellers who have lately put out new lines
at comparatively low prices. The general demand outside of
these has not improved, general buying still being on a limited scale. Tbere have also been complaints of cancellations,
—
"substitutes" evidently supplanting regular lines already
ordered in some directions. The tone of the market shows
no improvement in either staples or fancies and sellers are
easy to deal with in both light and heavy weights. Some unsold stocks of the latter are bring put before buyers at a material reduction in price in efforts to clean up.
There has
been only an indifferent request for overcoatings, at irregular
Woolen and
prices, and cloakiugs are generally neglected
worsted dress goods are in slow demand except for a few
specialties, such as pebble cheviots and plaid bac&s: these are
selling fairly well.
There has been no change in flannels or
blankets.
Foreign Dry Goods.— This division of the market has
again ruled quiet. The demand for dress goods for spring
any extent.
is opening up somewhat but is not yet of
Silks continue dull and irregular. Ribbons and laces without feature. Linens are quiet and unchanged. Burlaps tending against buyers.
—
THE CHRONICLE.
512
[Vol.
Page.
Location.
409.. Highland (Kan.)
Dist
305. .Howard Co., Ind
MUNICIPAL BOND SALES IN AUGUS1.
Our usual monthly
bond sales
placed on the
table of municipal
shows that the aggregate of such issues
market during the month of August was $7,070,467.
These figures do not include $1,642,754 of temporary
loans, nor do we inflate our total by including the $207,900 Springfield, 111., loan re- awarded last month to Farson, Leach & Co., as the same was counted in July.
At $7,070,467 the total is somewhat less than the
average August amount for the previous eight years,
although this average ($8,027,903) is greatly increased
by the exceptionally large aggregate of sales for August
1898 ($25,029,784), when a number of large issues were
floated, New York City and the State of Massachusetts being alone
responsible for over 16£ millions at
that time.
The number
the number of
and
separate issues made during August
1900 were 154 and 183, respectively. These compare
with 170 and 216 for July 1900 and 191 and 222 for
August 1899.
The principal sale was that made by the State of
Massachusetts on August 29, when $725,000 3 per cent
gold bonds were awarded to Blake Bros. & Co. and
Estabrook & Co., Boston, on a basis of 2-947 per cent.
In the following table we give the prices which were
paid for August loans to the amount of $6,467,255,
of municipalities issuing bonds
issued by 126 municipalities.
for
The aggregate
which no price has been reported
is
of sales
$603,212, and
month $7,070,467.
In
the case of each loan reference is made to the page of
the Chronicle where a full account of sale is given.
the total bond sales for the
August Bond Sales.
Page.
Location.
Bate.
460.. Adams Oo. (Wash.) Sob.
No. 15
460.. Adams Co. (Wash.) Sob.
Dist. No. 23
513. .Atlantic City, N. J
408..Avoca,Mint>
408.. Balaton, Minn
356..Bayonne, N. J
35ti..Bayonne. N. J
Dist.
460.. *ig Horn Co.. Wyo
356.. Birmingham, Ala
408.. Birmingham, Ala
513..Biwabik. Minn
356..8oone
(la.)
Soh. Dist..
408. .Boulder, Colo
356. .Browns Valley, Minn..
356.. Butler, Pa
408. .Cape Elizabeth, Me....
460. .Carthage Ohio
304. .Cass Co.,Ind. (5issues)
5l3..Chehalls Co. (Wash.)
Soh. Dist No. 6
356.. Cleveland, Ohio
356.. Cleveland, Ohio
356.. Cleveland, Ohio
356.. Cleveland, Ohio
304.. Columbia, Mo
513.. Dakota Co.( Wash.) Soh.
Diet. No. 100
513.. Danville, Va
408.. Dawson, Pa
408.. Decatur Co., Ind
460.. Decatur Co Ind
409.. Dodge Co., Neb
513.. Dodge Co. (Neb.) Soh.
Dist. No. 78
304..DuBol8, Pa
409..Englewood, N. J
304..Esplen, Pa
409.. Essex Co., N. J
357. .Essex Junction, Vt
513.. Evergreen, Ala
304..Fairvlew (Utah) Soh.
Dist
357.. Ferry Co., Wash
409..Findlay, Ohio
409.. Findlay (O.) Soh. Dist.
357.. Fosston (Minn.) School
Maturity.
5%
tl910-1920
6
4
6
5
4
4
5
5
5
6
4
4
U905-191O
5
1920
19 iO 1929
3%
1930
1903-1910
1920
1906
1920
U910-1919
1930
193o
1901-1907
U905-1910
U910-1915
4
5
4*2
1901-1910
1901 to *20
Dist
409..Gallipolls, Oblo
357.. Galveston, Texas
357.. Gloucester, Mass
409.. Gloucester, N. J
357.. Greene Co., Ohio
252.. Greenfield, Ohio
460. Greenville, Ohio
305.. Green wood, Miss
357. . Hamilton, O. (2 issues)
409.. Hamilton Co., Ohio....
409.. HaverhiU, Mass
Price.
$6,000§100
2.500
200,000
4,500
3,000
50,0(0
12,000
37.000
269,000
50,000
7,000
40,0
§10124
109125
10166
10083
100
103
6100-95
100
100
100
100-63
30 000 100
8,7(0 104-35
40,000 10213
4,000 101-44
418 102
195,810 lOz-071
4
4
4
4
4
5
4
4
4
1910-1920
1920
1920
1920
1910
U905-1915
1901-1910
1930
1915
1901-1920
3*a
U910-1920
5
1905
4
U910-1930
4
4
4
6
1930
1910-1930
1940
1925
1930
5
U905-1915
3*2
4
1910
1901-1910
3 1*
19151923
6
4
4
4
1910
1921
1901-1910
1901-1920
5
U920-1940
51*
4
5
4
4
1901-1910
1920
1902 1904
1&30
1901-1915
5
U90S-1920
31*
4
31*
4
1901-1910
1910
104-03
110-578
100,< 00 110*765
50,000 110*585
171,000 105-922
17,000 100-47
5,950
200,000
2.500 101-40
60,000 100-166
2,800 103-57
56,800 100-26
19,040 100-577
70,000 100
4,000
51,000
65,000
16,000
200,000
25,000
25,000
5,400
60,000
6,000
25,000
Y
$4,000
20,000
00
101-50
1< 8-80
U920-1930
10,000
5,000
100-25
4
513..Jaokson Co., Ala
5
4i«
305. .Jasper, Ind
513..JeffersonCo..Ohio
5
410. .Juniata (Pa.) Soh. Dist. 5
410.. Kings Co. (Wash.) Soh.
Dist No. 1
41*
305. .King Co. (Wash.) Sch.
Dist. No. 3
5
461. .Knox Co.. Ind
4*2
461.. Lake wood, Ohio
4
305. .Lawrence Co.. Mo
4
513..Lindstrom. Minn
5
513.. Long Beach (Cal.) Sch.
Dist
461. .Lorain, Ohio
513..Lugonia(Cal )Sch.Dist.
"•lSia"""
200,000
105-35
1910
1
1905-1942
1903-1915
1902-1909
12.000 102
29.975 102-21
112.500 100 74
50.000 103
4.000 100-31
12.000 107-24
9,000 100
7,000 103-70
10.000 K9-62
15,000 §10550
20.000 100
6,000 101-58
4
1901-1910
5i3..Mapleton, Minn
5
19011907
4
1910
1920
July 1, 1940
Apr. 1, 1930
1902-1911
6
4
5
5
358.. Marion Co. (Ore.) Soh.
—
4
3
3
5
6
Soh. Dist. 4
358. .Milton (Pa.)
462..Morrilton, Ark
306.. Murphy sboro (111.) Soh.
Optional
1901-1919
5
Diet.
t5-20
358.. Napoleon, Ohio
306.. New Bedford, Mass....
306.. New Bedford, Mass....
306..Newburgh,N. Y
306.. New Haven, Pa
306. .New Rochelle, N. Y....
306.. New RooheUe, N. Y..„
306.. New Roohelle, NY....
410. .Newton Co., Mo
614.. Niles, Ohio (3 issues)..
358. .Norfolk, Va
462. .Ohio University
306. .Omaha, Neb
463.. Otsego, N.
463.. Palo Alto (Cal.) School
Dist
514. .Passaic N. J
Y
4
1901-1910
1920
1930
1901-1910
1902-1911
1910-1926
1910-1934
3ifl
319
3-9
3»a
3i*
410 RocheUe,
463. .Saginaw, Mich
463.. Saginaw, Mich
463. .Saline Co. (lo.), Salt
358..Tarentum, Pa
359. .Tiffin, Ohio
307..Urbana (O.) Soh. Dist..
22,000
9.000
200,000
48,000
3,600
5,000
102-61
100-255
105-39
107-196
100-25
34,'?88
103-73
104-30
1 1-711
100
U910-1915
1901-1905
1930
1906-1907
920
1901-1930
1904-1910
1901-1930
20,000
100,000
3i«
5
312
1901-1903
1925
1901-1920
1903-1918
1902-1911
1920
1901-1917
1901-1913
1903-1927
1902-1920
*191l
1906
1901-1910
1901-1910
3i*
5
313
4
4
4
41*
5
5
4
4
5
4
4
4
4
3i2
1902-1911
1902-1906
1902-1920
July 1, la09
1905-1915
10715
100
6,000
100-70
00
10017
175,.
118,000 10-817
16,000 10304
2.750 105-70
9,000 100
17,000 104-559
13,000 103-50
30.000 10033
57,000 105-54
5.000 110
11.000 10327
6,000 10/ -283
8,000 102-30
25,000
102
26.000 105-80
6,000 10176
25,000 103-874
75.CO0 107-30
6,000 106-31
135,000 102-58
U905-1910
3,000
1905-1930
40,000
105-51
1902-1910
1901-1910
1901-1910
1901-1910
1901-1905
1901-1905
1907-1908
9,000
9,7ol
15,431
4,707
101-66
111-46
968
10619
4
6
6
6
6
6
5
5
U908-1928
4
1915
1910-1920
1930
5
359..Wapakoneta, Ohio
307.. Wapplngers Falls. N.Y.
3i4
1901-1910
1903-1917
3i*
3i*
1901-1931
4
100
1
1
1
-44
li 1-72
2.098 10619
10,000 109-80
10,000 105-25
54.000 104-26
20,000 113 125
25,000 108 16
22,000 103-727
40,800 100 49
15,000 100
31,000
20,000
103-478
1910
1905-1925
30,000
100-33
1901-1905
1920
1920
*)904
1905-1906
1901-1910
3.500 104-20
25,000 100-75
55,000 100-95
5,000 102-30
5.500 100 54
10,000 105-65
102 697
(2
issues)
1
10610
464..Youngstown Twp., O..
100
18.500 \%l
\
32,0 tO 100
4
5
5
412..Woodstook,
p
5
4
5
4
464..Valdosta, Ga
307.. Van Wert Co., Ohio....
515. .Waterloo (N. Y.) Soh.
Dist No. 1
100
50.00D
21,389
30,000 100
8.300 K'2-85
270,000 102117
10.000 109-27
50.000 108-02
47,000 10217
U905-1920
358..Springflela, Ohio
358 Springfield .Ohio
358. .Springfield, Ohio
30 000
25,000 10506
325.0(0 )«l01-29
101 -"*
400.000
4,000 106-375
1,000 101-60
Optional
Pond Township
515. .San Bernardino (Cal.)
Soh. Dist
411.. Sandusky, Ohio
358.. Saratoga Springs, N. Y.
306.. Schenectady, N. Y
30fi..8cheneotady. N. Y
411..Soranton, Pa
464..Shenanuoah (la.) Sch.
Dist
411..8heraden (Pa.) School
Dist
358 ..Sparta (Mich.) School
Dist
358. .Springfield, Ohio
358.. 8prln«fleld, Ohio
358.. Springfield, Ohio
10,0
6
306..Pelham (N. Y.) Union
Free Soh. Dist. No. 1. 4
3ia
306. .Plq.ua, Ohio
3i*
358..Pi-tsfield, Mass
514. .Port Chester, N. Y
463.. Port Clinton, Ohio
514. .Port Huron, Mich
463. .Preble Co., Ohio
463.. Preble Co.. Ohio
410.. Recovery, O. (2 issues).
358..R1dgefleld Park, N. J..
463.. Riverside, N. J
100
1920
4.12
Dist. No. 24
514. .Marquette. Mich
462.. Massachusetts
462. .Massachusetts
462..Millersburg, Ohio
514..Millersburg, Ohio
30,(
100
110 05
106
305.. Manitowoc (Wis.) Soh.
Dist
461..Luverne, Minn
3l5..MoKee's Rocks, Pa
307..Watertown, Mass
412..Waynesville, Ohio
Price.
8,500
U915-1930
1901-1910
1901-1905
1908-1910
1920
1930
116-08
106-25
111.
Total (126 municipalities, covering 155
separate issues)
$6,467,255
Aggregate of sales for whloh no prioe has
reported (28 municipalities, coverbeen
603,212
ing 28 separate issues)
100
101
101-25
10034
1,000 107-50
15,000 101-46
30.000 103-02
34,000 106-02
300,0(0 107
5,000 101-37
18,000 101
10,000 10352
25,000 100-55
15,000 103-006
15.000 100
98,800 102867
75,000 10290
50,000 106-89
1901-1908
1901-1920
1901-1930
5
412.. Warm Springs "(Cal.)
Soh. Dist
359. Wlnton Place, Ohio....
359..Winton Place. Ohio
464.. Woodbury, N. Y
101-875
101-66
100-77
Amount.
4*3
m
Amount.
Maturity.
Rate.
Sch.
. .
,
460..Fostoria(O.) Soh. Diet.
460..Fredonla, N. Y
357..Illon, N.
LXXI
Total bond sales for August 1900
J$7,070,467
Average of dates of maturity, t Subjeot to call In and after the
earlier year and mature in the later year. {Not iuoludlng $1,642,754
of temporary loans reported and which do not belong in the list
fund as an investment. § And other considera11 Taken by sinking
*
tions.
In the
Chronicle
August 4 1900, page 250, I
amounting to $8,023,243 wil
of
July bond sales
Since the publication of that statemer
be found.
we have received the following additional reports.
list of
— ——
September
—
—
THE CHRONICLE.
8, 1900.]
ADDITIONAL JOLY BOND SALES.
Paae.
303..Bloomli]£fton,
Maturity.
Amount.
5
1910-1914
$2,500
111.
10266
(2 is-
tl910
4
sues)
306.. Portland, Ore
306.. Shenandoah (la.)
Son. Dist......
359..Warduer (Idaho)
Dist......
Price.
(N. J.)
8ch Dist
55,000 §104-70
4,fc00
4
U905-1910
10,000
8
U905-1910
8,500
104-41
$80,800
1900 amount to $8,104,043.
this
ments, in payment for the work done. Seciirities are in denomination of $500, dated Sept. 1. 1900. Interest will be payable semi-an-nually at the First National Bank of Mobile.
Gaylord, Mich.— Bond Election. An election will be held
September 10 to vote on the question of issuing $7,500 funding bonds.
Granby (Town), Oswego County, N. Y.— Bond Sale.— On
September 6 the $39,000 4% bridge bonds were awarded to
James A. Cantrell, Utica, at 107*27. For description of
—
bonds see Chronicle Aug.
Greenburg (N.
:
Amarillo, Texas.— Bond Offering.— Proposals will be
found among
30-year gold
Evergreen, Ala.— Bond Sale.— The $25,000
and water bonds advertised for sale on July 25
have been taken by McDaniel & Porter, engineers and contractors for the construction of the contemplated improve-
These additional loans will make the total sales
(not including temporary loans) as reported for July
week have been as follows
offering will be
from 1909
electric-light
100
Bond Proposals and Negotiations
bond
1
U
10067
Sch.
Total additional sales for July
to 1923, inclusive.
The official notice of this
the advertisements elsewhere in this Department.
Ind.
'
513
principal will mature $l,0CO yearly on September
Rate.
Location.
303..Acquackanonk
—
re-
Y.)
25. p. 409.
Union Free School District No. 10.—
Bond Sale.— On September
5 the $15,000 4%
$%
year (average)
bonds were awarded to Geo. M. Hahn, New York, at 104*29
ceived until September 13 for $5,000 5% 5-20-year (optional) —an interest basis of about 3-456^. For description of bonds
bonds issued for the completion of the city hall. Interest see Chronicle Sept. 1, p. 460.
will be payable annually.
Holland, Mich.—Bond Sale.— On September 4 the $10,000
Bond Sale.— The $9,000 city- hall bonds mentioned in the 4% sewer bonds were awarded to Mason, Lewis & Co., ChiChronicle May 12 have been taken by the State of Texas as cago, at 102-37 an interest basis of about 3 72%#. For dean investment.
scription of bonds see Chronicle Sept. 1, p. 460.
Atlantic City, N.J. Bond Sale.— City Comptroller Heston
Indianapolis, Ind,— Temporary Loan. The City Comphas sold the $200,000 4% 30-year gold water boDds (bids for troller on August 31 borrowed $70,000 from the Capital Nawhich were received on August 27 and rejected) to Spitzer & tional Bank at 33^#. Following bids were received
Co., New York, at 109*125— an interest basis of a little over
Capital Nat. B'k, Indianapolis... 3'25s5 Fletcher Nat. B'k, Indianapolis. 3-75*
m%. For description of bonds see Chronicle Aug. 11, p. 303. Union Trust Co., Indianapolis... 3'40% Central Trust Co., Indianapolis.. 3-75S
— Propo- Merchants' Nat. B'k ($18 prem.). 3*60;?
Barnes (Iowa) School District.— Bond Offering.
sals will be received until September 10 for |5,000 4% schoolJackson County, Ala. Bond Sale.— This county has sold
house bonds. Securities are in denomination of $500, dated an issue of $10,000 (not $18,000, as some of the papers have
Oct. 15, 1900. Interest will be payable at the Barnes City it,) b% 20-30-year (optional) road and bridge bonds to The New
Bank.
First National Bank of Columbus at par. This makes $95,000
Benton County, Ind. Bond Sale.— On September 3 the of such bonds sold out of an authorized issue of $250,000.
$32,450 43^£ bonds were awarded to W. J. Hayes & Sons,
Jefferson County, Ohio.— Bond Sale. This county sold
Cleveland, at 101 -093— an interest basis of about 4*37g. For last month an issue of $10,000 5% 12-year (average) Smithfull description of bonds see Chronicle Sept. 1, p. 460.
field and Portland Turnpike bonds to the Smithfield NaBiwabik, Minn.— Bond Sale— On August 15 the $7,000
tional Bank at 110'05 an interest basis of about 3*95#.
electric-light bonds were awarded to the Commercial InBond Sale.— On September 1 an issue of $15,000 5% 6-year
vestment Co., Duluth, at par and accrned interest. For de- (average) Empire Turnpike bonds were awarded to the Nascription of bonds see Chronicle Aug. 11, p. 303.
tional Exchange Bank of Steubenville at 102-73— an interest
Bine Mound Township, Linn County, Kan. Bond Sale.— basis of about 4'41%'t.
This township has sold through L. A. Bigger, Hatchinson,
Kirkwood, Mo.— Bond Sale.— On September 1 the $17,000
$24,000 4%% refunding bonds. Securities will run for thirty 4% 10-20 year (optional) electric-light bonds were awarded to
years, one bond being payable yearly after five years.
the Donaldson Bond & Stock Co., St. Louis, at 101 33— an inCanton, Ohio. Bond Sale. Following are the bids re- terest basis of about 3-84$ if bonds are redeemed at their
ceived Sept. 1, 1900, for the $11,700 street- improvement bonds: optional date or 3*90£ if they run their full time. For full
For i% Bonds—
Premium.
Premium. description of bonds see Chronicle Aug. 11, p. 305.
For i)£% Bonds.
New 1st Nat. B'k, Columbus.... $321 75 W. J. Hayes & Sons. Cleve
$156 00
Lindstrom, Chisago County, Minn.— Bond Sale.— On
W. J. Hayes & Sons, Cleve
loo 00
for 5% Bnnas.
Denison. Prior & Co., Cleve. ... 37 50 R. Kleybolte & Co., Cincin
40800 August 24 tne $4,000 5% water- works bonds were awarded to
Seasongood & Mayer, Cincin...
2 60
Stoddard, Nye & Co., Minneapolis, at 100*31. Securities are
For full description of bonds see Chronicle Aug. 18, p. 356. in denomination of $500, dated July 2, 1900. Piincipal will
Canton (S. Dak.) School District.— Bond Sale.—On Sept. mature one bond yearly on July 3 from 1902 to 1909, in1 the $5 000 5% 6-10-year (serial) bonds were awarded to the
clusive.
Minnesota Loan & Trust Co., Minneapolis, at 104*20. For
Long Beach School District, Los Angeles County, Cal.—
description of bonds see Chronicle Aug. 25, p. 408.
Bond Sale.—The $12,000 6% 1-10- year (serial) school bonds
Chenalis County (Wash.) school District No.
Bond offered for sale on August 27 have been awarded to the OakSale.— On August 25 $5,950 10-20-year (optional) bonds were land Bank of Savings at 107*24 -an interest basis of 4%%.
awarded to W. E. Ball, Spokane, at 104 03. This was the Securities are in denomination of $1,200, dated Sept. 5, 1900.
only bid received in time to be considered. Interest will be Ioterest will be payable annually at the office of the County
—
—
:
—
—
H
—
G—
payable semi-annually at the
office of the County Treasurer
or at the State fiscal agency in New York City.
Clarkstown (N. Y.) School District No. 5.— Bond Sale.—
On September 5 $6,000 4%% 1-12-year (serial) school bonds
were awarded to R. Kleybolte
Co., New York, at 106-09.
Cohoes, N. Y.— Bond Safe.— On Sept. 1 the $36,906 45 %%%
public- improvement bonds were awarded to Isaac W. Sherrill, Poughkeepsie, at 105 42— an interest basis of about 3*21£.
For description of bonds see Chronicle Aug. 18, p. 357.
Columbus Grove, Ohio.— Bond Sale.— On September 3 the
$15,988 01 4% street-improvement bonds were awarded to
Seasongood
Mayer, Cincinnati, at 100-75.
Dakota County (Minn.) School District No. 100.— Bond
Sale.— On August 31 $2,500 5% 1-10-year (serial) bonds were
awarded to Stoddard* Nye
Co., Minneapolis, at 101-40.
Following are the bids
Stoddard, Nye & Co., Minn.
$2,536 00 Chas. S. Kidder & Co.. Chic. .$2,505 00
&
&
&
:
I
First Nat. B'k, Barnesvllle.
. .
Trowbridge* NiverCo.,Chic. 2.467 00
Danville, Va.— Bond Sale.— An issue of $60.0(0 4% 30-year
water and gas bonds has been awarded to N. W. Harris
Co., New York, at 100166— an interest basis of aboot 399^.
2,626 00
I
&
Davenport (Iowa) School District.— Bond Sale.— On
September 1 the $f>3,000 4% 5-10-year (optional) bonds were
awarded to the German Savings Bank of Davenport at
102-29— an interest basis of about '6%% if bonds are redeemed
at their optional date and 3-72^^ if allowed to run their fuil
time.
Dodge County (Neb.) School District No. 78.— Bond Sale.
August 14 this district, located at Leavitt, sold an issue
—On
of $4,000 5$ 5-year bonds at 101-875.
Securities are in denomination of $1,000.
Edgewood, Allegheny County, Pa.— Bond Offering.—Pro
posals will be received until September 20, by R. F. Emery,
Borough Clerk,
bonds.
1,
1900.
for $15,000 4% sewer and street-improvement
Securities are in denomination of $1,000, dated Sept.
Interest will be payable semi-annually
and the
Treasurer.
Lugonia School District, San Bernardino County, Cal.
27 the $7,000 5% gold bonds were
awarded to E. H. Rollins & Sons, Boston, at 103*70 and ac-
—Bond Sale.—On August
crued interest. Following are the bids
E. H. Rollins & Sons, Boston.$?,859 00 H. C. Rogers, Pasadena
$7,216 00
Union Bank of Redlands
*7,277 00 W. J. Hayes & Sons. Cleve.... 7.122 00
Oakland Bank of Savings
7,122 00
7,266 90 Isaao Springer, Pasadena
Yf. K. Staats & Co., Pasadena. 7,246 00 Lamprecht Bros. Co.. Cleve.
7,121 00
:
I
|
1
. .
*
All bids included accrued interest except the one
marked
*.
Bonds mature $2,000 on July 16 of the years 1908 and 1909
and $3,000 July 16, 1910. They are in denomination of $1,000
and the interest will be payable annually at the office of the
County Treasurer.
Madison, N. J. Bond', Offering. Proposals will be received until 7 p. m., September 10, by the Finance Committee, for $10,000 Zy % refunding water bonds. Securities are in
2
denomination of $1,000, dated Oct. 1, 1900. Interest will be
—
payable at the 1st National Bank of Madison. Principal will
mature Aug.
1,
1920.
Mansfield, Ohio.— Bond Sale.— On September 3 the $50,000
5% 2-11-year (serial) "sanitary construction bonds" were
awarded to the Mansfield Savings Bank at 105*50— an interest
basis of about 4*03#. Following are the bids
:
Mansfield Sav. B'k. Mansf'd. $52,750 00
Karson, Leach & Co. .Chicago. 62.706 00
Citizens' Sav. & Loan Co
62,685 00
Feder. Holzman
Seasongood
&
Co., Cin.. .$52,640 00
& Mayer,
Cincin. 62,617 00
51.98000
& Co.. Toledo
For description of bonds see Chronicle Aug. 18, p. 358.
Marquette, Mich.— Bona Sale.— On August 31 the $25 000
4% 20-year water bonds were awarded to Trowbridge & Niver
Co., Chicago, at 105*06— an interest basis of about 3 642#.
Following are the bids
Spitzer
:
Trowbridge k Niver Co.. Chic.$26,265 00 Claude Ashbroobe
I
Kleybolte & Co., Clnciu.
25,880 00
Parson. Leach & Co., Chicago. 25.760 00
W. J. Hayes & Sons, Cleve... 25,632 00
ft
.
I
I
|
Co., Cin. ..$25/25 00
W. Harris & Co., Chicago..
Seasongood * Maver. cincin
N.
B, V. Montague i, Co.,K.City.
*5.470 00
25,437 50
25,125 00
For description of bonds see Chronicle July 28, p. 2l>0.
Mapleton, Minn.— Bond Sale.— On August 31 the $6,000 h%
water- works bonds were awarded to Stoddard, Nye & Co.,
:
:
THE CHRONICLE.
514
Minneapolis, at 101-58. For description of bonds see Chronicle Aug. 25, p. 410.
.
.
Millersburg, Ohio.— Bond Sale.— A %% water bond for
$1,000 has been sold to J. &G. Adams, Millersburg, at 101-60.
The bond is dated August 28, 1900.
Mount Vernon, N. Y.—Bond Sale.— On Sept. 4 $30,000 5i
21-23-year (serial) bridge bonds were awarded to Allen, Sand
Co., New York, at 126-167— an interest basis of about
&
3-31^.
Nassau County, N. Y.— Bids. -Following are the bids
ceived September 7 for the $65,000
series
re-
gold 30-year bonds,
3%%
B
W. Harris &Co..New York. ..108-07
106-03
W.J. Hayes & Sons. Cleve
N.
|
|
S. Leland & Co., N. Y... 105-406
104-90
Hurlbut, Hatch & Co
Arthur
Lamprecht Bros.
Co.. Cleve..... 104;76
Odessa,
R. Kleybolte & Co.. New York ..104 355
Farson, Leach & Co. New York.104-05
.
.
1,
Interest will be payable
19D0
Orleans, La.— Temporary Loan.—This city has borrowed temporarily from several national banks the sum of
$30,000 to meet expenses caused by the anti-negro riot.
Nlles, Ohio- Bond Sale.— On August 24 $8,300 5% street
and sewer bonds were awarded to the First National Bank of
Niles at 102-85. The bonds are as follows
New
Omnia Township, Cowley County, Kan.— Bond Sale.— An
A%% 20 year refunding bonds has been sold
issue of $7,000
through L. A. Bigger of Hutchinson, Kan.
Opelonsas (La.) School District.— Temporary Loan.
This district has borrowed $8,000 to meet expenses.
1902 to 1905, inclusive.
800 street bonds, maturing one bond yearly, $200 from 1901 to 1903, inclusive, and $100 in 19U4 and 1906.
3,000 sewer bonds, maturing one bond of $800 yearly from 1901 to 1906, inclusive.
&
&
August
18, p. 358.
Y.—Note Sale.—This town has
Perry, N.
sold $6,000 notes
to local investors.
Port Chester, N. Y.—Bond Sale.—On August 29 $16,000
3-18-year (serial) gold paving bonds were awarded to
the Port Chester Savings Bank at 103-04—an interest basis
3%$
of about 3-15#.
Port Huron, Mich.—Bond Sale.— On. August 31 $9,000 Z%%
f>ark bonds were awarded to Denison, Prior & Co., CleveFollowing are the bids
& Co.. Cleve... $9,000 00 Trowbridge ft Niver Co., Chl».$9,012 00
W. J. Hayes ft Sons. Cleve .... 8,910 00
and, at par.
Denison, Prior
:
I
I
*
We are advised that "no check accompanied this bid, and that it was
there-
fore rejected.
Interest will be
1, 1900.
—
Passaic, N. J.— Bond Sale— On August 31 two bids were
received for the $100,000 3%i funding bonds, both bids being
par and accrued interest. The bidders were N. W. Harris
& Co. and John D. Everitt Co., New York City. The bid
of N. W. Harris
Co. was accepted, as the bid of the other
firm, it is stated, contained a proviso as to guaranteed population of the city. For description of bonds see Chronicle
4,600 sewer bonds, maturing one bond yearly, $500 in 1901 and $1,000 from
The above bonds are dated Sept.
payable semi-annually.
We
posals.
Walter Stanton
18,189 00
Securities are dated Oct.
semi-annually, free of tax.
were awarded to the
are
Oklahoma City, Okla.—Date of Sale of Bonds.—
advised that the date until which bids are to be received for the
$150,000 bonds of this city is September 14 and not September
These bonds will be
10, as we were previously informed.
issued in denominations to suit purchaser. They will be
dated Oot. 1, 1900, and will mature in thirty years. Interest
will be payable semiannually at the Territorial fiscal
agency in New York City. Bidders are requested to make
proposals for 4, A.% and 5 per cent bonds. A certified check
for 3% of the amount of bonds bid for must accompany pro-
:
Ed. Wittish, Pittsburg
Sale.—On September 3 $800 6# 5 year
Citizens' Bank of Orton-
Minn.—Bond
village bonds
ville at par.
104-01
& Co., N. Y
of going to
The bonds had not been awarded at the hour
press. All checks deposited by bidders were held pending
the award.
New Castle ( Pa.) School District— Bond Sale.-On Sept.
3 the $18,000 %%$ 10-20 year (optional) funding bonds were
awarded to Fareon, Leach & Co., Chicago, at 101-91— an interest basis of about3 27^$ if bonds are redeemed at their optional date and 3-368£ if allowed to run their full maturity.
Following are the bids
Fdison, Leach & Co.. Chic. ..$18,345 00 W. R. Todd & Co., New York.$18,075 00
Lamprecht Bros. Co.. Cleve.. 18,294 70 K. Kleybolte & Co., Clncin.. 18,051 26
W. J. Hayes * Sons. Cleve... 18,285 00 Denison. Prior & Co.. Cleve. 18.025 00
|
[V»L. LX2.I
Securities are in denomination of $1,000, dated July 1,
Interest will be payable January 1 and July 1 at the
1900.
NEW
NEW
LOANS.
BOND
LOANS.
#15,000
CALL,
Borough
CITY OF BIRMINGHAM, ALABAMA
NOTICE
of
Allegheny
Edgewood,
Co., Penna.,
Sewer and Street Improvement Bonds.
The Council of the Borough of Edgewood will receive sealed proposals for $15,000 Sewer and Street
Improvement Bonds, in denominations of $1,000,
dated September 1st, 1900, interest 4%, payable semi-
NOTICE
The first bond maturing September 1st
and one each year thereafter.
The Borough Clerk will furnish any further information desired, and will receive proposals until
September 20th. The right to reject any or all bids
annually.
To Holders of Fourth
Bonds of the City
Series
Sanitary
Bonds of the City
of Birmingham, Ala.
holders of School
of Birmingham,
Alabama.
Your attention
Birmingham, Ala., Aug.
Toir attention
To
is
14, 1900.
called to the following resolu-
is
called to the following resolu-
tion adopted by the
Board of Mayor and Aldermen
of Birmingham on
"Be
August
hereby given the holders of said bonds that same
will
be paid on presentation and surrender thereof
on the
first
day of October,
National Bank,
New York
from and after said date
1900, at
City,
the Hanover
and that
Interest
In pursuance of the foregoing resolution, notice is
hereby given the holders of said bonds that same
will be paid on presentation and surrender thereof
on the
OBORGE
EUSTIS,
City Treasurer.
first
Address,
B. F.
EMERY,
New York
City,
and that Interest
and after said date ceases.
EUSTIS,
City Treasurer.
P. 0.,
Allegheny County, Penna.
Government
and
Municipal Bonds
BOUGHT AND SOLD.
APPRAISEMENTS MADE OR QUOTATIONS
FURNISHED FO A THE PURCHASE, SALE OR
EXCHANGE OF ABOVE SECURITIES.
L.ISTS ON APPLICATION.
W. HARRIS &
N.
•
CO.,
BANKERS.
31
NASS KV
ST. (Bank of Commerce Blag.)
Investment Securities
FOR
SAVINGS BANKS and TRUST FUNDS
5*
BONDS A SPECIALTY.
EDW.
NEW
C.
YORK.
PUILA.,
-
JONES
<&
CO.,
NASSAU STREET.
-
1
-
112 SO.
FOURTH
Blodget, Merritt
&
ST.
Co.,
BANKERS,
16
Congress Street, Boston.
15 Wall Street
GEORGE
Borough Clerk,
Edgewood Park
day of July, 1901, at the Hanover
National Bank.
f torn
ceases.
reserved.
it
DAY
In pursuance of the foregoing resolution, notice
is
10th, 1900, viz.:
resolved by the Mayor and Aldermen of
tion adopted by the Board of Mayor and Aldermen
Birmingham, That the holders of 'SCHOOL BONDS'
Of Birmingham on August 10th, 1900, viz.:
of the city of Birmingham, Alabama, ISSUED ON
" Be it resolved by the Mayor and Aldermen of THE FIRST
OF JULY. 1885. authorized by
Birmingham, That the holders of 'FOURTH an Act of the General Assembly of Alabama, enSBKIES. SANITARY BONDS,' of the City of Bir- titled. 'An Act to authorize the Mayor and Aldermingham, Ala.. ISSUED ON THE 1ST DAY OP men of Birmingham to issue bonds of said city for
APRIL, 1885, authorized by an Act of the General an amount not exceeding twenty thousand dollars,
Assembly of Alabama, entitled 'An Act to author- for tbe purpose of purchasing school lots in said city
ize the Mayor and Aldermen of Birmingham to and of erection, adding to and improving school
negotiate a loan for drainage and for sanitary pur- buildings, and furnishing the same,' approved Febposes and to issue bonds for the payment of the ruary 17, 1885, said bonds being payable in thirty
same,' approved February 14th, 1885, said bonds years after date of their issuance, with the option
being payable twenty years after date of their issu- to the city to pay same after fifteen years from the
ance, with the option to tbe city to pay same after date of their issuance, bearing interest at the rate
ten years from the date of their issuance, bearing of seven per cent per annum, interest payable aninterest at the rate of eight per cent per ainum, nually on the first day of July in each year at the
interest payable semi-annually on the 1st day of Hanover National Bank in the City of New York,
April and October in each year at the Hanover are hereby notified that said bonds are herewith
National Bank in the City of New York, are hereby called for redemption and will be paid on the first
notified that said bonds are herewith called for re- day of July, 1901, togetherj with interest to said
demption and will be paid on the 1st day of October, date, and that interest thereon shall cease from and
1900, together with interest to said date, and that after said date.
interest hereon shall cease from and after said date.
"Be it further resolved. That the Treasurer of
" Be it further resolved. That the treasurer of the the City of Birmingham is hereby instructed to
City of Birmingham is hereby instructed to make make publication of the above resolution once a
publication of the above resolution once a week for week for four consecutive weeks in some paper
four consecutive weeks in some paper published in published in the City of Birmingham and some
the City of Birmingham and some financial paper financial paper published in the City of New
published in the City of New York."
York."
is
1909,
New York.
STATE, CITY & RAILROAD BONDS
J
—
.
September
THE CHRONICLE.
8, 1900. J
New York
Hanover National Bank,
mature July 1. 1920.
6— Bond Sale.— On
Porter (N. T.) School District No.
August 14 an issue of $2,700 4% 2-10-year (serial) bonds was
awarded to the Farmers' & Mechanics' Savings Bank of LockSecurities are in denomination of $270.
River Falls, Wis.—Bond Offering.— Proposals will be received until Sept. 14, 1900, by Allen P. Weld, City Clerk, for
$6,500 4% electric-light bonds. Securities are part of an issue
of $8,000. They are in denomination of $500, dated July 1,
Interest will be payable semi-annually and the princi1900.
pal will mature $500 yearly on January 1 from 1901 to 1916,
inclusive.
Of the total issue the city reserves $1,500 (the
bonds maturing in 1901, 1915 and 1916,) for an investment of
The total indebtedness of the city, includits sinking fund.
port at par.
ing this issue,
The
is $28,500.
and the actual value about
assessed valuation
$580,494
is
The population
$1,000,000.
is
estimated at 2,000.
Salt Lake City, Utah.— Bids Rejected. The city has rejected all bids received August 28 for the $250,000 water
bonds. The bids, all fcr 4% bonds, were
—
:
E.
H. Rollins
N.
W.
Harris
Trowbridge
&
&
Lamprecht Bros. Co.. Cleve.$250.011 50
W.J. Hayes & Sons, CI eve.. 260,(00 00
Farson, Leach & Co., Chic. 249,500 00
Sons. Boston.. $250,805
Co.. Chicago.. . 26O.2C0
& Niver Co..
Chic. 260,207
.
San Bernardino School District, San Bernardino County,
Cal.— Bond Sale.— On August 27 an issue of $26,000 5% bonds
was awarded to The Lamprecht Bros. Co., Cleveland, at
Following are the bids
105'80.
:
Lamprecht Bros. Co.. Cleve.. 127,608 00 E. D. Shepard & Co.,N. V...
W. J. Hayes & Sons, Cleve. .*27,612 20 Oakland Bank of Savings.
E. H. Rollins & Sons, Boston. 27,813 00 Farson. Leach & Co., Chic.
W. R. Staats &Co., Pasadena. 27,310 00 A. D. Thompson, San Fran
I
.
I
I
•
All bids include accrued interest except the one
—
Tom Green
Principal will
City.
marked
J26.837 00
26,689 00
26.650 00
.
.
.
26,43117
*.
—
615
—
County, Texas.— Bonds Approved. An issue
bonds has been approved by the Attorney-
of $10,000 bridge
General.
Vineland, N. J.— Bond Offering.— Proposals will be received until 10 a. M., September 11, by Dr. Geo. Cunningham, Chairman Finance Committee, for $25,000 4% electriclight bonds. Securities will be issued in denominations of
not lees than $100 nor more than $1,000. They will be dated
August 8, 1899. Interest will be payable February 8 and
August 8 and the principal will mature August 8, 1929. All
bids must be accompanied by cash, or a certified check for
10# of the par value of the bonds. Bonds are exempt from
taxation.
Volney (Town), Oswego County, N. T.— Bond Sale.— On
September 6 the $39,000 4% bridge bonds were awarded to
James A. Cantrell, Utica, at 107 27. For description of
bonds see Chronicle Aug. 25, p. 411.
Waterloo (N. Y.) Union Free School District No. 1.—
Bond Sale.— On August 31 the $31,000 %%% 1-31-year (serial,
gold bonds were awarded to the Auburn Savings Bank at
103-478— an interest basis of about 3 "22£.
Watkins, N. Y.— Bonds Not Yet Awarded. Proposals were
received on Aug, 20 by the Board of Water and Sewer Commissioners for $15,000 4% 20-year bonds. It has been stated
in some of the papers that the bonds have been awarded to
N. W. Harris & Co., New York, at 110-29, but we are advised by the Secretary under date of September 5 that the
award has not yet been made.
Waupaca County, Wis. Bond Sale.— On September 1 the
$13,500 4% insane- asylum bonds were awarded to Farson,
Leach & Co., Chicago, at 102-48— an interest basis of about
3*60g. For description of bonds see Chronicle August 25,
—
Springfield, 111. Bonds Re-awarded. The City Council on
August 25 canceled the contract made July 16 with Mason,
Lewis & Co., Chicago, for the sale to them of $207,900 4% 20year refunding bonds at 100 "21. The bonds have since been
re-awarded as 3J£ per cents to Farson, Leach & Co., Chicago,
White Plains, N. Y.—Bond Sale.—On September 6 the
%%% 10-19- year (serial) road bonds were awarded to
R. L. Day & Co., New York, at 108-079—an interest basis of
about 3-233#. For description of bonds see Chronicle Sept.
at 100-69.
1, p.
Stowe Township (Pa.) School District.— Bond Sale.—The
$10,000 4% 5-20 year (optional) school bonds, mentioned in
the Chronicle Aug. 11, were awarded on Sept. 5 to an Allegheny investor at 102*05.
INVESTMENTS.
p. 412.
$50,000
464.
Yonkers (N. Y.) School District— Bond Sale.— On Sept. 5
the $56,000 %%% bonds were awarded to Allen, Sand & Co.,
New York, at 103 925—an interest basis of about 3 19$. For
description of bonds see Chronicle Sept. 1, p. 464.
ADAMS & COMPANY, LONDON AND PARIS
EXCHANGE,
BANKERS,
Geo. D. Cook Company.
INVESTMENT SECURITIES.
Ld.,
Rankers and Exchange Agents.
DEALERS IN
INVESTMENT BONDS.
Members of Boston StockJExcnauge.
No. 7 Congress and 31 State Streets,
HEAD OFFICE
238-240 La Salle Street,
t
CHICAGO.
24 Throgmorion
St., London, E. C.
Business undertaken in all Securities
quoted on the London and Continental
Exchanges.
New York Office, 52
INVITED.
Perry, Coffin
&
Burr,
ROLLINS & SONS, DENISON, PRIOR & CO. INVESTMENT BONDS.
BANKERS.
Grade
SEND FOR
BOSTON.
Bonds.
LISTS.
James
BOSTON.
19 Milk Street,
8 Exchange Place, Boston.
San Francisco.
Denver.
6o State Street,
DEALERS IN
Bonds for
High
Permanent Investment
MASON, LEWIS &
CO.,
DEALERS IN
MUNICIPAL
RAILROAD
CORPORATION
UNLISTED SEC URITIES.
60 Devonshire
St.
Street Railway
and Gas Companies
LIST ON APPLICATION.
Whann &
DEALERS
MUNICIPAL and
Co.,
IN
RROADWAY
•
& NIVER
NEW YORK.
CO.,
E. C.
MUNICIPAL BONDS,
Bank
CHICAGO.
First National
121
-
CO.,
BANKERS,
Devonshire Street.
BOSTON.
The Lamprecht
BUNDS,
Bros.
Co..
MUNICIPAL
AND OTHER HIGH-GRADE
BONDS.
Cleveland, Ohio,
-
197 Superior Street.
EASTERN BRANCH:
172 Washington Street,
CHICAGO,
STANWOOD &
Bldg.,
T. B. POTTER,
MUNICIPAL and oriKinc
RAILROAD CORPORATION
SECURITIES.
MUNICIPAL BONDS.
TROWBRIDGE
BONDS
"^ **-'«
Cholcei Issues.
Charles
HIGH-GRADE
BOSTON,
Blons dnoek Building,
Co.,
Investment Bonds and Stocks
BANKERS
CHICAGO,
Brown &
N.
Bankers, 62 Cedar Street,
121 Euclid Avenue, Cleveland.
71
Broadway.
CORRESPONDENCE RE TERMS
BOSTON.
E. H.
INVESTMENTS.
INVESTMENTS.
•
-
LIST ON APPLICATION.
52 Broadway.
All securities having a Cleveland market bought
New York City,
ILLS.
and
sold.
LAMPRECHT BROTHERS &
Afembers
CO.,
New York and Chicago Stock Exchanges.
:
THE CHRONICLE.
510
[Vol. LXXI.
Qxnst Companies.
hwt&tmtuts.
grttst
MUNICIPAL,
North American
RAILROAD and
tost (ftorapang,
CORPORATION
BONDS
135 Broadway, Cor.
TO NET FROM 4M TO
CORRESPONDENCE SOLICITED.
Capita/
United States for Cuba.
BANKERS,
AGENTS FOR THE
ANGLO-AMERICAN BANK,
Ltd.,
Charing Cross, London..
MUNICIPAL BONDS.
Securities Netting from 3
% to 6£
ALWAYS ON HAND.
DUKE
FARSON,
M.
Banker,
18a Dearborn
Municipal Bonds.
DIRECTORS
Henry
Lewis,
Charlton T.
John Q. Carlisle,
Hugh Kelly,
Samuel M. Jarvls,
James B. Dill,
Alyah Trowbridge,
Frank H. Ray,
Luis Suarez Galban,
Fletcher S. Heath,
Oakleigh Thome,
Street,
CHICAGO.
&
Nuveen
Wm.
Rockefeller,
BANKERS AND BROKERS,
DULUTH. MINN.
[Members American Bankers'
Ass'n.
I
DEALKR8 IN
Commercial Paper, Mortgage Loans,
Local Stocks and Real Estate.
Act as agents for non-resident property owners and
investors.
A
Municipal Bonds,
la salle street.
171
WE DEAL
ROSEN BERGER & LIYERMORE.
31
Southern and We- tern Bsnds.)
NASSAU STREET,
NEW.YORK.
-
Henry C. Brewster,
Gen. J unes Jourdan, Ernst Tnalmann,
United
Government
States
Richard L. Edwards, Felix Campbell,
Daniel A. Heald,
Isaac E. Gates,
Colgate Hoyt,
Samuel F. Haserot,
f
149
DIRECTORS
Marshall Field,
Lambert Tree,
C. H. McCormick, A. H. Burley,
John W. Doane, B. T. Watkins,
sight, and on Certificates of
Deposit.
Acta as Trustee, Receiver, Committee, Executor,
Guardian,
Administrator, Assignee, Registrar,
house or payable at
Transfer and Fiscal Agent.
Is a legal depository lor Court and Trust funds.
OFFICERS:
Wm
-
Sum 1. A.Max well, Joel
B.
M. Phelps,
Orson 8mith,
WILLIAM STREET
St..
Bond and
Trust Company,
Central Realty
New York.
L. V. F. Randolph, Pres. John Alvln Young, Sec.
John L. Eiker, 1st V.-P. L. M. Jones, Ass't Sec.
Wm.Carpender,2d V.-P. Benj.StrongJr., Ast.Sec.
Depository ot Public and Court Fund-.
Trustee for Private Estates and Pub ic
Corporations. Depository under Reorganization Agrnemmts. Allows interest on
accounts subject to demand.
Lewis Cass Ledyabd, Clifford A. Hand,
Andrew H. Green,
Joseph H. Chapman,
FKE"ERICK Sturges
Joe F. Freeman,
W. H. H. Moore,
Martin Joost,
W. R. T. Jones,
L. V. F. Randolph,
John L. Hiker,
Wm. Carpender,
business.
HENRY MORGENTHAD, HDGH J. GRANT,
Vice-President.
President.
THORWALD STALLKNECHT, 2d Vice-President.
W. J. B. MILLS, Treasurer.
ERNEST EHRMANN, Secretary.
DIRECTORS.
Anthony N. Brady
Alwyn
Ball, Jr.
John D. Crimmlns
Michael Coleman
Ernest
office
eminent
We
SECURE BANK VAULT8.
a pamphlet on the subject free.
Cannot
150
Duane
St.,
New
FOR 8AKK3, VAULTS,
Ac.
be Sawed, Cut, or drilled, and positively
Burglar Proof.
CHROME STEEL WORKS,
Yobk
Kent Ave. Keap and Hooper SU.,
iols
ManTers in the U. S.
BROOKLYN.
W. Corner Light and German Streets
BALTIMORE, MD.
DIRECTORS:
GENUINE
WELDED CHROME STEEL AND IR0>
Holyoee, Mass..
and
Deposit
000 Surplus, $700,000
Transacts a general Banking and Trust business of
every description.
A legal depository for court and trust funds.
Interest allowed on deposits.
President
JOHN A. TOMPKINS
Vice-President
WM. P. HARVEY
WILLIAM WHITRI DG H
3rd Vice President
JOHN G. BROGDKN
Secretary and Treasurer
tound and Flat Bars and 6-ply Plates and Anglei
WHITINQ PAPER COMPANY
&
Capital, paid-up, $1,500
write us for
will send yon
Hugh J. Grant
Henry Morgentbau
OF BALTIMORE.
N.
They are made in tints
recommended for the eyes by
oculists.
Frederick Southack
Company
unequaled.
especially
Henry O. Havemeyer
William A. Nash
James N. Jarvle
James H. Post
Citizens Trust
alfred wagstaff,
Matthias Nicoll,
Chas. R. Henderson.
For account books they are
samples.
Ehrmann
D. Leverich,
Companies and Mercantile Houses everyLinen Ledgers in your
Augustus D. Jullllard
Frederic P. Olcott
lames Stlllman
Insurance
you are not using Whiting's
F. Crasrln,
NEW
$1,000,000
Otto Sartorids.
Freeman Edwd.
Cbas. F. Cutler, Anson R. Flower, Frank Jay Gould
Emers. McMilltn, H. 8. Redmond, Wm. A. Clark.
Jas. M. Donald, Jno.B. Hegeman.l
59 TO 65 LIBERTY ST.,
YORK.
Capital and Surplus,
$1,500,000.
Allows Interest on deposits subject to
check and transacts all Trust Company
ATuymc r/fusr co,
[ESTABLISHED
C.
F.
MyronT.Herrick, William K. Spier.kJeo. Blumenthal
t
M. J.Wentworth
Bnos M. Barton,
B. D. Hulbert,
leading Railroads,
If
St.)
Capital and Surplus, $5,216,626 32
Allows Interest on Dally Balances,
subject to check through the New York Clearing-
Authorized by law te aeeept Trusts and
receive deposits oi Trust Funds. Aets as
Executor, Administrator, Guardian, Conservator, Registrar, and Transfer Agent.
uses the Whiting Papers.
where.
BROADWAY,
(Northwest Corner Liberty
.
Wm. B. Isham,
Anton a. Haven,
So do the John F. Halsted,
Banks,
Potts,
The Trust Co.o America
TRUSTEESi
THE
Secretary.
.
W. Rockfaill
F. R. Coudert, Jr.,
E. A. De Lima,
Capital
SECURITIES.
(Specialists in
Heman Dowd,
Aroher Brown,
Benjamin F. Traoy,
John C. Tomlineon,
John Hone,
Southwest Corner Cedar
SOUTHERN AND WESTERN
Vice-Prea.
83.750,000 Ashbel P. Fitch, Pres Wm. Barbour, V,-Pres.
H. Leupp. V.-P. H. 8. Manning, V.-P.
General Banking Business Transacted. R. J. Chatry, Secy.
T. C Clarke, Jr., A.Sec
A. L. Banister, Treas. W. Hunt Hall, A.Treas.
ORSON SMITH, President.
Lawrence O. Hurray, Trust Officer.
B. D. HTJLBERT, Vice-President.
DIRECTORS
J. G. ORCHARD, Cashier.
Ashbel P. Pitch, George Crocker. C L Hudson,
F. N. WILDER, Assistant Cashier.
Wm. Barbour, Edw.C. Schaeffer. Wlllard Brown.
Philip Lehman,
H. S Manning. S. C. T. Dodd.
F. G. NELSON, Assistant Cashier.
61
IN
1st Vice Pres.
P.
TRUSTEES.
1887.]
CHICAGO.
President.
George W. Qulntard, Warner VanNorden,
Wm. A. Brewer, Jr., Willis S. Paine,
Jonathan B. Currey, Charles M. Swain,
Smith M. Weed,
James Talcott,
Charles E. Sprague, Henry F. Shoemaker,
Clarence Whitman, John E. Searles,
Thomas P. Flower, Edward V Loew,
H. Chesebrough, Leopoldo Carbajal,
Albert Keep,
FULTON & CO.,
PAINE,
RICHARDSON, 2d
EDMUND C. LOCK. WOOD,
Stanley L. Conklin,
Chicago,
CAPITAL AND SURPLUS,
S.
and Transfer
allowed on deposits.
Fiscal
etc. Interest
OSCAR
The Merchants'
Loan & Trust Company,
solicited.
Reference, First National Bank, Chicago.
F. R.
Shoemaker
Roland R. Conklin,
Wager Swayne,
James S. Kuhn,
William H. Taylor,
F.
BRANCHES:
LONDON, SANTIAGO DE CUBA,
HAVANA, CIENFUEQOS,
MATANZAS.
Co.,
A.R.Macfarlane&Co.
charge of real and personal
Acts as Trustee, Executor, Administrator, Guardian, Committee, Asfull
estates.
WARNER VAN NORDEN,
Bank Building, Chicago
Correspondence
WALL STREET.
CAPITAL, - - $1,000,000
SURPLUS, - - $1,000,000
WILLIS
Marquis de Pinar del Rio
INVESTMENT BANKERS,
1st National
Scott,
Frank
MUNICI PAL BOND8.
John
W.
H. B. Holllns,
YORK.
60
Agent,
:
E.
Send for our Investment Circular.
Agent of the
CO.
NEW
OF
Takes
$4,500,000
-
THE TRUST
signee, Receiver,
CO.
BROADWAY, NEW YORK.
71
St.,
YORK.
and Surplus,
Fiscal
WHITE &
C. H.
NEW
6*.
Cedar
Wampzuizs.
M.
V
Douglas H. Thomas,
Harvey,
Jesse
Sutumerflekl Baldwin,
Jos. W. Jenkins. Jr.,
Charles A. Webb,
A F. Kountie,
Klverton R Chapman,
Edgar G. Miller. Jr.,
Charles Adler,
Wm. P.
1
lilies,
II. Gordon,
Douglas
Samuel H Shrlver,
Joseph R. Koard,
Charles H. Dickey,
Francis T. Redwood,
DeCourcy W. Thorn,
Edward Badart,
Moses Pels,
.ToMi A. Tompkins,
T. Edward Hambleton
Edward H. Thomson.
@FedFRASER