Page:The New York Times, 1901-08-02.djvu/8

8 FINANCIAL Hanover National Bank Capital $1,000,000 $5.454.000 Colonial Trust Company CAPITAL ST. PAUL BLDG Bankers' Cards. Redmond, High Grade FINANCIAL To the Owners and Holders of the First Mortgage Preference Bonds THE NEW YORK TIMES. FRIDAY. AUGUST 2, 1901. THE FINANCIAL MARKETS stick convincing most operators that a Stocks irregular. STOCK TRANSACTIONS Georgia & Alabama Railway: You wit take notice that the Georgs and Ala-August 1... To date this year... bama Ballway in the of the right of Corresponding date last year.... Clearing House statement Exhanges 2001777TT; balances, #15.16.50 Treasury debit balance, 334. Money on call in London, a pot evel has been reached that dlecounts infavorable developments, and that any change must now be for the better. There rate of discount, in the open marks 27-16 unquestionably a vast amount of accu-ger cent, for short and 2% per mulated capital due to July disburse est for three month bills exchange was strong. Posted OUTSIDE SECURITIES. No Increase occurred yesterday in the bustness transacted in the outside market. There was some change in the distribution of trading, but the total for the day was Wester Ferry Ce apanes oklyn Fry key com Bares Sents that needs only slight encourage rates were $6 for alxxy days bably smaller than on Wednesday, As Bob Pyry 12% I 443,60ment to find tavestpent to securities for demand a whole, prices showed only slight varia-Fry 10 The weather scare seems to have petty days w 12364319 it force and the steel strike is left as the our beeciality of Instances changes were frac few declines were noted, but in the ma ly Item of magnitude to be considered Continent bat ere quoted allow FAMIL peed of public attention will be likely turn to the many favorable Influences recently ignored.. the first day of October, t, redes and pay BOND TRANSACTIONS. off at 106 and later, all of a First Mortgage Angust 1 $80,000 45 Preference Bends dated to To date, this year...... secured by deed of trust or more essute Corresponding date last year...,5,200 the all 3 hereby tied to present the bonds respatx months, 4 per cent. Commercial pa held or owned by them at the office of the hyper, strty to anety days, 4% per cent. Securities Trust and Guarantee Company is t and gliders, 40 1-10 and BOSTON STOCK MARKET. Special to ThewYork Times KANSAS CITY, FORT Boo AND MEM other feless and un teresting day of it. BOSTON, Aug. 1- he market had an preferred was probably the most active There were long ince vals of almost com Exchange on New York at domes stock of the day, and was traded into piete stagnation, and one period of Cacount New Orlean Commercial, the extent of 2,000 shares or more. Openly an hour, the as regate transactions ount; bank premium Charentoning at 74, I quickly advanced to and amounted less 300 shares. There i Kerr & Co. Investment ser and busters of and proderences bonds a per cent; at three months, 44 per ce NATIONAL ENAMELING-COMPANY. then reacted to 70%. The closing bid of was contrond good baying of Kaligt BANKERS, WALL ST, .E rings de of our Tragaral healing and paid off by wild Hallway, Baders of PtNet changes in stocks of one-half of Mortgage Preference bonde may at any time prior per cent, or mere were: Stocks Advanced. desected and remitted. Art at Fiscaler with all made on to Amalgamated Copper Manhattan.... forgate and of the Baltimore Trust and Guarantee Company, A Bertable Bing. Baltimors M. and Issue Travellers' Letters of Credit available throughout the world. PHILADELPHIA CORRESPONDENTS GRAHAM, KER & CO. CHARTERED I Bank of the Manhattan Co 40 WALL STREET. Capital $2,050,000 Surplus $2,050,000 Stephen Baker, Pres. Henry K McHarg, Vice-Pres D. H. Pierson, Cashier Mortgage Bond in ke amount bearing expone corresponding to the ee the bends so sure del, differmes in Interest, owing to date of maturity of coupon being JOHN SKELTON WILLIAMS, President. Dividends. St. Li and San Franc Railroad Company. New York, 1 en P C. Mek Crthwest... h Kan City South, pt1 Stocks Declined. ida quarterly dividend of Cole ( Cable Besember 2000 by the Am Car & Cestral quiry for bill Francisco-ight, Bang on the Stock Exchange was The Director of the National Enamelinge telegraphic, 100. and Stamping Company have sedele- ular to the stockholders calling a meet- THE LONDON MARKET. 1ng, to be held on Aug 12 to Jersey City, to LONDON, Ave 1-The money market rote on a resolution adopted by the board conditions were easter to-day, with the for the issuance of 6 per cent bonds to the month turn, Jotst stock banks were again xtent of $2,500,000 for the purpose of tak-free to lend thefe surplus balances. Dis ng up the company's floating debt, 2-counts were affected by Continental to ,000 of which represents bills payable. The bonds are to be taken by the BL Louis Trust Company, which in eald to quiet and prices were generally steady save agreed to take the entire la There was nothing of Interest, apart from The net seiffts for the las he month were about $100.00 and be firmness, of Canadians and the discus The cost of the Granite City and St. Louise of harvest prospects. First-class- on ethereurities were dull, Americans opene: heavy, lants, was estimated at, e anouncement of the bondse was the chief exception being Norfolk common, ollowed yesterday toy a decline of polete which was in good demand. Steel, with the bd price from the gure at which general was depressed, owing to the referred shares were de % JULY TREASURY FIGURES. WASHINGTON, Aug. 1-The monthly Statement of the public debt, laued to- The books of the second preferred Reformed Clay at the Treasury Department, shows TRUST CO of the City of New York the NENTAL A O and after Berber M, th North A strike negotiations in the United States. Later there was a partial improvement the pelos became. Irregular and closed firm Closing prices: Console for money, G - Cha he month of $200. apitulated as follows: Net changes in bond quotations of 1 perest-bearing debt...........dets Central, te Bond Advanced. W. E. Trotter, Asst, Cash. The tent, or more were DIRECTORS. George W. Smith, JT MCD Boden. Jan 5 Kedy Heury K. McHarg, John Sa Stephen Baker, Hugh D. Auchinelose, Frederick G. Bo W. Pat Samuel Slan Vermilye & Co., BANKERS, New York and Boston First National Bank STOCK. DEALT IN BY P. J. GOODHART & CO., MS.-Y. Buck Exchange, WALL ST NEW YORK. TELEPHONE JOHN New York Telephon Geo.H.PRENTISS&CO. WANTED 01: Trading ja the bonds also was larger than en any day since these issues were placed en the curb Bales of about 000 worth of bende were made around They showed no net change for the d mated, which early the day lifted it once more to 11%, th, however, a frac tonal reaction later Osceola gale edats, to 9 mostly Lake buying Tam Brack jumped to a point above Wednesday final qe aten "" had been recently. The combined trad AMERICAN CAN WAS much less active Awes both lasues amounted to ne more than 1,500 shares, the larger part of which while the Sue Widday with stock closed at inat 4% bid the previous day. NATIONAL ENAMELING AND STAMPING W weak as a result of the announcement that the company intends lening bonds to the extent of $2,500,000 The common stock, which sold on Wednesday at 26, was at the dressed to 8, sa compared with 80 bid the previous day. It is pointed out however, that the proposed issue of bonds win no way increase the present debt of the company, as the bonds are to be Sued for the purpose et retiring some patys plants and also to take up the floating dets of the company, which amounts to about $12,000 erred CONSOLIDATED TOBACCO bonds were traded cod Louin to the extent of about 500,000 at 67% and 6% No et change appeared at the he debt, less cash in the Treasury, preferred, 9: Baltimore and Co, 100; --- Chesape ke and Retter ... mounted to $130.179.30 a decrease for 200, 484 Chicage c The debt is re-leawake and St Denver and Rio Grande, 10 lek nest peeferred 40000 and Nashville-10 Ma Central Nortelk and Weate de Ontario and Western, may This total does not include $77,000 Reading ret et red Win certificates and Treasury notes out-cond preferred, 20outhern i vay preferred. uthern Pack b tates el 45; referred, Vabash, preferred 40; Rand Mines, The CONTINENTAL TRUST COMPANT of Uter & Delaware con ...... wing trust certificates for exchange cara Long and Membettan Bonde Declined. Fast 3. KENNEDY TODA CO Apna of the Voting Trust Pere Marquette Railroad Company. Add of 2 per the preferred stock of this Company from the eterning of the six months sided June 30th, will be putih, t, to stockhold ess Aug 10 The UNION COPPER showed greiter strength than recently, and at the same time was more actly Sales of 1,000 shares or more standing, which are effet by an equal Tele Pacific, 100%: preferred as Dame/were made at a and 2% and the stock sount of cash on hand which te held for their redemption. The cash in the Treasury to classified as follow MARKET MOVEMENT. The security market premated yesterd ed stock transfer pack will day the same general features familiar and........ at 3 M. d A Devils stoof late-a light volume of businese coin-In National bank deposttortat........ relatered at the tone wil to acident with dull firmness Professional ocked the office traders and the public are all awaiting be paid at the office of Robert Whethe Compara, Wall New York City. CHARLES MERRIAM T 190th Dividend.. Bank of the Manhattan Company The President of the Sedive of the month papable Money, 2 per cent. The rate of spent In the open markets for short le 1-16 $3,000,000% per cent; for three month i i Agalost this total there are demand titties outstanding amounting to $6 974,117, which leaves a cash balance on hand of $3 Bar allver gutet at 2615-103 perce Gold premiums are quoted to deal Lisbon, Home, 44. ELECTRIC VECLis preferred sold at 12, a decline of 3 points from the last sale, The common stock was offered as low as Closing quotations yesterday, compared with those of the previous day, were as Industrial and Miscellaneous. A Chicle. the outcome of the steel strike before en- In Continental Centres aging in thportant new transactions PARIS, Aug 1-Business w regular The news from Pittsburg during business hours yesterday continued todeterminate, The monthly comparative statement of and stagnant on the Bourse to- Prices the Government receipts and expenditures opened firm on the favorable element, though it is plain that strong efforts are shows that the receipts for gly, 1900, and closed steady. Rente admed on being made to bring the matter to settle-mounted to E2230340 and the expend bear coverings Brana rece red on A & ther ment-Indeed, this feeling was no marked leaves plus better, exchange, Rio Tatos on ex at the opening of the market that the for the month of July, 10 of De Beers were ghe, Kaffespa for the month or $1250 at depectation of favorable copper atletics Ameri Steel lasues were sharply advanced, the to remain closed to the morning common stock advancing 1% points and the recepts from the same source of ported at the beginning, and clee beavy revenue are given as follows, compart Three per cent resten, 101. 27% for the the preferred stock 2% poluta; but as being made with July, 1900 ccount Exchange po London, the day wore on and so authentie Infor for checks Spanish fours closed 10 mation was disclosed, these early Im- The weekly statestent of the tank France shows the following: provements were reduced to fractional extent, the common stock closing but Notes to circulation Increased 83,0 Treasury accounts current decreed higher for the day and the preferred of the common over 112,000 shares changing hands and of the preferred over 47,000 D. I. PIERSON, C The Metropolitan West Side Elevates Hallway Company, Treasurer's office, China, July Te Gold Fons of the due August valed Hallway will told in Cheng FRANKLIN TRUST CO. STOCK song and the Kane York at the office of OF BROOKLYN Wall Stree 208 Montage Brooklyn New York MEMBERS OF N. T. STOCK EXCHANGE INVESTMENT SECURITIES. LISTS OF DESIRABLE STOCK AND ON WHICH WE ARE BECOMES TO THE AT- TENTION OF INVESTORS TO, BET CETRIGHT, BENT UPON AFFLICATION ENNIS & STOFPANI, at the red of the Company, Lot Hayal the Company, 64 Wall it, and GIORGET The railway list showed a marked position to break away from the feflu- Breweries Company of Course August the Fence of Steel. The steady rise of Norfolk Morty Sprint Chat Pond Gold and Westers continued, over 38,000 of the United overres Cogany will be shares of the stock being traded to with by the cis Trust and ISIDOR BAUMGARTI And of 7 The expenditures during the month en of the War Ipartment were Eld 011 decrease, $260000; ont of y BOLO of penedo, ELL 0002: billa decounted Incrissed, 266- decrease the monthly relation statement of the of the Currency shows that Spantterise of butives July 21, 1, the BERLIN, Aug. 1-ome funds were firm the to-day on the ease of money Canadian Pacifice were animated York Banks were weak, tory advices from the manufacturing dis In Western Germany have been was, as decrease for the year of post012, and as increase for the the The relation based on United States worst es deed on unsatis bonds amounted to go an Increas for the year of info and an increase a new advance of a point. The hard coal- The circulation cured by lawful money ers also became active, led by the Read-rated year of $4 ing issues, which scored net gains of menth of a from % to 1% on edes of nearly 30,000 share of the common and preferred clared on the Common Capital Bock tocks Erie, too, was ethong, advancing Company best for the day, with sales of searty 20,000 tockholders of phares. The Grangers and Pacific stocks at which see the tranferke all enjoyed early advances, averaging CHARLES COX, TH about a point, but shaded ett to mere fractional set gains-Atchison and Unloa 34 New St. & 38 Broad S, N.f. fel. 560 tredet J. L. McLean & Co., Consdated Bock Exchange NT. New York Pydore Karang Cherd of Trace Congress. ROAD EXCHANGE BLDG. 25 BROAD ST. CORRESPONDENCE SOLIT FINANCIAL. ROASE TROX COMPANY. s per est. Gold Bonds. Secured by Mertence Dates there of the breed to g the of the Trust C New York dock ⚫TRAL TOLST COMPANY OF NEW YORK, Tru By F. HYDE, Becond Vice President C.B.&Q. New 4% Bonds Scrip BOUGHT AND SOLD. Kingsley, Mabon & Co., 40-42 WALL ST. Members N. Y. Stock Exchange REAL ESTATE TRUST CO Central Fireworks Company.. for an Central Fireworks Holder Tre to the banks in the eastern part of the country, notably treslau banks Rumors pre on a decrease for the were afloat to-day that prominent restr Ste and a decrease for the banking sencers was upon the polet BANK OF ENGLAND'S STATEMENT. LONDON, Aug. 1-The weekly statement of the Bank of England shows the follow change Total reserve decreased a spi..... relation Increased 508,000, bullen to cure drowning tewas sent in the shares of the Breslau and to secure public dege, 10 Bank Exchange in Londen, 20 marks 44f the tint chows that the total cotage percent Private discount dropped to The meethly statement of the Director of for checks count rate bill percret; three months DN cuted at the mints of the per cent, the lowest point ever touched fo 000; aliver, $1,000 de cot, $4,00 al Dividende Pacifle being the only ones in which New Yorkers in a Providence Company. PROVIDENCE, RL, A L-The Indus pombe for trading reached fairly large proportions, the former about 2000 shares, and the trial Trust Company of this efty, at latter 21,000. Only 200 shares of Rockal meeting here today, Increased Its capital stock of 1,300,000 by the sum of Island changed hands, but it rose 2% 000 The creased capital has been petat Elsewhere in the railroad for curdy, WC in which Ley there was little trading deserving of com Jacob . hit, and other New ment. York fianell pen are interested. From Industriale, apart from steel, were neg- the new stockholder these Directors were Add New York blected-Bugar declining a point on sales George of 5,000 shares and United States Rubven, yan, and if. A. & Taylor. Sedator 188ber preferred losing 1% en sales of 300 Advance in the Price of Coal. the jure of thember of The expected advance in the price of GEO T. OBERT Proposals. The Midland Terminal Railway The regular quarterly dividend of 1% With per cent. was declared, en People's Gas but this did not Induce special tranene decreased De other securities creased 5,000, other deposits increased not reserve decreased Candy 1,442,000, publle deposits depressed (1812- Government securities unchanged The proportion of the Bank's reserve to ods star Last week it theater p abdity 420 per cent Bate of discount unchanged at 3 per cent. BULLION AND MINING. Bar silver was quoted in Londen at fy Our leat & Light Mexican ellver dollars at On the Stock Exchange 200 Horn Silverard The Farmer Loan & Trust Co.Tyteens In It, only 1500 shares being trad-a, secording to the plan of the Coal sold at 1.5 MAR New Tork, July 201 PROPOSALS FOR INCH STEEL QUN FORG dwide AUGUST, and then publicly opened of 30 cents ton took place yester-215-30 per ounce and in New York at day. It was explained by a large operator that this was the last of five monthly d ed in at an advance of a polot. Trust for this season of the year, tur prices are more or less uncertain, according Total transactions for the day were to this authority, being subject to the art somewhat under 450p00 shares, a light tradicine of the large companies con trolling the mines On the Consolidated Exchange 200 ATA- conda Gold wood at 34, 1000 Argenton and Coup anita at 36,00 Catalpa at 13, 200 le & Norcross at 38, 100 Horn Silver at 180 500 Little Chief at 13, 300 Fotos at 300 Bevage at 10, 150 pen at Standard at 215, and 1,000 Work at seller 10 Improvement over yesterday, but still a Bank of the Republic's Absorption. limited volume for the general market Announcement was made yesterday that after deducting 150,000 shares of Steel securities-clear evidence of the contine than 1,000 out of the 15,000 shares, Anal, Phil July 2nd abetention on the part of the public of the stock of the Bank of the hepbille had been voted in fayer of the merger The corn market seems to be losing Its with the First National Hank, thus coolved sell to Agate overwhelming Influence en stocks in the success of the deal and leaving y the formal concluding steps to be Corn advanced 2% centa le Chicago, the taken. caliber cartridge shoe to be grected long-a September option closing at 58 cents bushel. The corn market is still under furling certain bodral machinery; Copartnership Notices. NOTICE HEERY GIVEN THAT THE Jarle liny png between MACK and ROBIDET CRACK comp the them of NT MACK solved on the 1st day of Augant, 19, by mal comment All Cost ACK, who wise the bonde the same firm name-Datel A The fire of DAVIS & DIAMOND has the day Seen dived by me con LOL DAVID medre, 100 Av Cew York City. OF NEW YORK, NO. 30 NASSAU STREET. CAHTA SUKPLUS AND UNDIVIDED PROFITS $1,000,000. DESIGNATED LEGAL, DEPOSITORY. Allows Interest on depos Acts e serator, Vensire Lt. Comman DEXTER A L W. Reighley, SOUTHWESTERN COMPANY General Horange 5 Per Cent. Bende of the trust deed din cember 1, above det of bed FONTINENTAL TRUST COMPANY OF THE CITY OF NEW YORK, Trat New York, As BROWN BROTHERS & CO., NO MWALL #T PERINATIONAL CHEQUES.COM MENTAL TRAVELER SOLD VAIL ABER IS A PARTS OF THE WORLD Ore, Clated bot, an old state quantitieb terms Arthur Sept Die lig, New York Lost and Found. shares of the comme captal stock of the l Corporation, regard - No 210814' ask for Ch NEW YORK CORPORATIONS. Phat Directory Company of New York art, and Wo New York Bell Telephone Company's Capital. manipulative control, and is now run- The International Bell Telephone Com- ning contrary to crop reports, all rellay yesterday reduced its capital stock ble advices noting improvement in the 0000 by cutting dow the par value of six shares from 15 to $50 condition of the growing of crops. Wheat is also maintaining a fairly high level in Treasury Bond Purchases. view of the immense yield, but this is WASHINGTON, Aug 1-The Becretary detinetly favorable to the security mar- of the Treasury to-day purchased $4,500 ket, the advance being based on genuine theet-term 4er cent bonds at 113.0002 and and heavy export buying. The apparent tabure in Chicago yesterday of a spectac grain operator was without least effect on either the grain or the security market. Call money ruled between 2 and 3 per cent, closing at the lowest point-the majority of leans being effected at 2% per cent. Sterling exchange agala ad- WALL STREET TOPICS No change ta the Bank of England's rate Clostrig bids for mining stocks on the Consolidated Exchange were as follows: EK Thick Uhl Toh, ph, w..... Conde.. avE Belling dollars per share. Par value, $5. Street Hallways CHICAGO QUOTATION 3. Special The New York Tim CHICAGO, A 1-New York change Output of gold in the Cripple Creek dewas discounted at 15 cents to-da. Rates for call and time loans were changed and trip la July estimated at Business of the Knickerbocker Toe Combat 405 percent. pany of Chicago to have Trading to local stocks contined t pany's history. Can still followed the market for the steel in Traction sta Computation giving the total capitalistocks in New York, Improving fr etionally North Jerse of companies of Catury Cullsary and Contmane Our vanced from 6 to 16 briocine the man be the largest for anỹ month to the cor and the market was without fratre, To New Traite.. lor, Brooklyn & Everett, and ket within reach of profitable gold ship- ments, though it is still uncertain wheth Bulkley, and J. F. From the meath of AUGIM SPOTY Wits falling off of about $7000.000 trim te and car as feeds. 3. International with Hand Company it for actual experts will occur: however, con outre 200 of this ning erit will at 4700 TL ON-/thum a M. Ware Company of New York City, to some shipments of gold; last year, for ex- carry gwample, the outgo amounted to $16,500,000 Chod but at present there seems to be no press ing demand for gold at foreign financial Here Comey centres. The ability of this country to Site Director DS Fries Bellepare gold if it becomes necessary to be yood question. York C, to manufacture drugs and Brigh's Kidy Bean Company of to mature implicione; torrey, u. D Fr. Cor, and D 2w Yes Ye Incorporated in Delaware. Special to The New York Tim WILMINGTON, D. Aug. 1-There American Lead and were chartered at Dover t Apparent confirmation of the news of the building of a new sugar refinery on the Hudson River and rumors of yet an- other contemplated new refinery con- tinued to exert a depressing Influence on Bugar Trust stock. The Street, however, Ing of these plants, being not unfamiliar with similar stories which have falled to foreshadow facts. It is trus, though, that pay of there a not enough Bugar Trust stock previous month path is capital of $1,000 to 5000 Reports current that the Japan Tea Co will be therested on under New Jersey has for the purges of controlling the market for Increase of 13,60 Exports of coal from Baltimore during over the shipments to June Bale on the Stock Exchange of 28 shares of Bank of Republle stock at S 1 Capital stock of the International Bell Telephone Company, Limited, reduced from MONEY AND EXCHANGE. scattertrerades in Lake Street Revated Rapid Trell and Radiator referred t Northwestern Elevated amos at Complete transactions were as Bow: Now In New York Dock Co.'s Hands. Money en call, 23 per cent, closing at Whart and Warehouse Company received All of the employes of the Brooklyn per cent per cent for stenotice yesterday that the propert of the 1 balance dient changes, Call money to in od supply, with lots wers are getting ca New York & per orcha least one foton bank a loaning call money In New York at 5 per RAIL TA CRAK PHILADELPHIA PRICES. Special The Tim PHILADELPHIA, ug. 1-The advance of the Readings in Nw York, on the report that a 2 per cent. d lend on the first pre- ferred will be declan next week, made a active market for the lemus in Philadel phia, and they cons tuted the feature of the day. The local st lgnored the way erite tendency of all Street, and the stocks moved of the own accord, most them ending the dwith sight sna Pennsylvania Steel referred commanded advance of 2p nts over the last pre- Cambris tool a ked shghs, and Eton Tretion, Unl Gas Int and Electric Compa 3 of America there was quiet and m There is now demand for money, etrate of 4 percent. and the time rate of toe ent Complete transact sits the stock mar ket were as follows: 100 United BALTIMORE STOCK DEALINGS. Specials The York Times BALTIMORE A 1-The market to- day was a shade les active and with an aspect of Indecision bout the trading. Sea- board stocks, whic are the customary leaders, recorded no ales at all. That was due to the refusal o holders to make any concessis and the suctance of intending buyers to move up the advance figures which sellers demar led. The resoluteness of each crowd m de sales Impossible, though victory fina y tended toward the side of sellers, Inas such as bids for the cocks were raised somewhat just before the close. The fact at the money market has relaxed, so the tie now easy at S per cent with sounds proble even 4 and 4 per t has put the market generally in a bette situation speculative y. That was reflec d in the higher prices of some ues and the firm tone et the cloe, though the was Interspersed with varo delines average potion of the market was har ty so favorable at the close of to-day as it was yesterday. mounting to shares of stock and $30,000 worth of bor la, were as follow 15. Cettetal I Wo Nam) Tree f.... Gas Companies. 000. Maryland Can Gas . 3 302 PITTSBURG TRANSACTIONS Special to The York Tim PITTSBURG, Aug. -Complets stock to today were follow