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New-York tribune. [volume] (New York [N.Y.]) 1866-1924, February 11, 1900, Image 18

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ft
three, four ar.d fix months for the best names,
and above for names not so well known.
FOREIGN EXCHANGE.— Market firm. Actual
dosing rates follow: _ v
Cables. Sight Sixty days
Sterling ... 4>s 4.«!Ti4©4.87H 4 .B4VS* ■**]*
1 Frsncs 5.i:.H 5.16Vi-l-lO«?.Vl<J«» 5.19H-l-l<«*^f»
I Heirhrm*rks 0!i«i tt 1-I*l »4 7'l6£?il?7 ' 16 £? iI?
Guilders . 405-ICJ?4OH 40 1-lfi«*« l »
Bankers' posted lates were:
Sixty days. Demand.
St*r:in* 4. 53 4.BSH
Paris franc* .Vis* 61 5 t
Antwerp francs 5.15»4 5 - lfl «*
Berl!n relchsmarks »*S *)
Bremen releh*msrks> I>4H W?
FVankfort relchsmarku tH\ '•'-
Karutmnr rel<-h«mnrki« 01 V WJi
Amsterdam iruiWers 40U *oli0 l i
DOMESTIC EXCHAXGE.-Xew-Orleans - Com
mercial. 76c discount: bank. $1 premium. Ban Fran
—Sight. 15c; telegraph. 17'-»c. Cincinnati—Be
tween banks, 10c premium: over the counter, 5c
premium Charleston— Buying, par; selling. Me
premium. Boston— 2-3 c. lie and 10c discount.
Chicago— 3oc to Me discount. St. Loots— dis
count. Savannah— Buying, par; selling, $1 per
n.ooo.
BANK OF GERMANY STATEMENT. — The
•weekly statement of the Imperial Bank of Ger
many shows the following chances: Cash in hand
Increased b0,tt3,000 marks, treasury notes Increased
1,000.000 marks, other securities decreased a.230,000
marks, and notes in circulation decreased 41.550.000
marks.
FOREIGN MONEY MARKET.— CaII money In
Tendon, 2 1^?f34 per cent. Open market discount
rate for short bills 3*4 per cent, and for long bills,
•^»©'3^n per cent. Berlin discount rate, 3% per
cent. Berlin exch-nge on London, 20 marks 51%
pfennigs. Paris exchange on London, 25 francs
19 1 centimes. Paris discount rate. 3^ per cent.
FOREIGN SECURITIES.— British consols for
money, 101%; for the account, 1017-16; French
rentes. 100 francs 75 centimes. Spanish 4s. f.S 1-16.
THE SILVER MARKET— Bar silver. 59Tsc Mex
ican silver dollars, 47Vse. Bar silver In I>ondon.
i " 9-16 d.
COLD PREMIUM.— In Madrid. 25.92; Lisbon. 42.50;
Btianos Ayres. 127.«0; Rome. 7.23.
BONDS AND BANK STOCKS.
2000 D ■ a? Coup i.r...._ 1090 Mo r&c Ist Col 5s 92
24 Fourth Nat 8k..172 | 30U) do iii.%
5000 Ann Ar Ist 45.. 93 | lOUO M & O Gen 45... m^t
21000 A TASK Adj ! 540U0 N V Cent L. S Col
•is ss j :;-,s 89
1000 ,i • SH'»i 1000 do Reg i<i\
iOj do en -i-s I01>«< IUOOU do M
24. Bait 4: Ohio 45. 10".^! 3000 rto M C Col 3i, s »7'i
-•"•■■-•" •■■-• do ...: X***! **»*> do :>:\
4'««' do 3Hs .. . '.<. 1*!1 *! - ,>.. do S<7'-j
60000 do J«5Hi auou X C & St L Con
MMt do :<:. ' 5s 100
300000 do Swn 34?.. K^| 23000 X V (i & £ L 11
aoom< do HJ-,| a p56 104
10000 do «♦%! 15000 do 1044
Krjt> . kin In El Id. iC.'-.i 2M» do I<»s
120u0 do !-.".- 4 .■'.•fc\Kl do 4s '.«
1". ■ ■ do '.'•; 2SOOO do J»2 7
30J0 :. CR. & n lst.lO7 7 si souoo do S"3',
2000 'ah Coal W. 65. 105 1 3000 N V O & W Kef
IWK) Con So Is: .'*... lt«4 ; is. 107
6000 Cof Ga Ccn 5?. W I SCOO do 107%
IOGU Cent 1.. G:d 4s. 10 { 1000 X V B & \V Ref
20000 do !'»\i '■ .*.§ 106
6000 do .-. 34s »4 | 6500 Nor Par Gen 35.. 98%
Hies do sx% : 3000 do 67
14000 do K3* :-'«*i do Prior 4s .. . . 104%
l< <> -t do >n3'-. I JOjoO do 104»i
10-:»0 C& E I Gen .15. 114 ' 16900 do Reg 103
1000 C & N W S F I 5000 O s L Ist Con 55. 114
Ss 110 ; 1000 Pac Coast Ist ss. 107^4
I&OOO CUe Ter Tr 45.. 93 j 90000 Peo & E Ist 45... 81%
2000 do 93^]13frPC> Reading Gen 45.. Ss\
6000 C ■■ C & ft t. j 10000 Rto C W Ist 4s. M 4
Gen 4« !!5U| 10(») do 'JO*
150T-O Col C<* 16s 100%! 2000 do '.»»■.'»
2003 Col & So Ist 4*. 84%! 1000 9t L 4 I Mt Gen
4000 D & R G Con 4- '.".. 5s 111%
10000 Dei City Gas ss. «7 I lOCO do 4s 81
2000 E T V & G Con I 00 St L Bwn Ist 45.. «o=n
5s f20F.117M;l 1000 1-) 2i 4« st<H)
2000 Erie Ist Con 45.. I*o*4! 5000 d > 59
2000 <5o Ist Gen 4s. 71S| 3C».X» do 5'..^
I<*X do 71>4i 3000 St P M & M Con
HMO Ga Pae Ist ft?...rjr, 6s 141*»
2601-0 do 122 I 5000 do 4'4s 115»i
M>oO do .122H1 4000 Sc V& X E 46.. 99
10000 Gr Bay Deh 8.. 7>4' 11000 So Pac Cl Tr 45.. S3Vi
JDOO H& T C Gen 4s. BSU 4000 do S3V S
6000 Ind 111 & I Ist. .lllV-i 9000 South Ry let gs,.IOBU
2.V»0 I & C, N Ist 65. .121*41 5000 Stand R & T «s. 79'«
4OX> Int Paper Ist 6s. 106 1000 Term C I & R Blr
10000 X C P & G Ist Div Ist 110
Rets 72 1 -. l>Ooo T * X O Con r.p . 104
2000 L ? « M So 21 2<**o T St L & X C lit
7s Reg: 113' i Rots 118%
45000 L. & X fn!4s... BBU 54000 do 119
5000 do 09\il^r.00 Union Pac Ist 45.104* i
lOOftO MWS El C4s. M BOOS do 104%
19000 Mcx Cent let Inc 21 I 7000 do 104^
l«r¥if> do 2TA6I KOOO hash Ist 55... 117
2««00 do 2.-1; 1000 do D& C Ext..lO««i
lOOOi) do 2T.H I I*ooo do 109H
23^^) <;0; 0 2SH! 50f»> do Deb B S7H
lor^ri do 24 Inc 12 1000 West Sh Gtd 4s. .113%
M>O do 1214! 2000 <Jo 114
MM do 12\ ! lOOfO VT XV & P Gen
BBSS do 12 : .. s2OF. 78
<V>oo Mcx In- Con 4s. «7*;!23f>00 do 76
JftOfW) MI.S & W lut.ISUU 20000 do 7(PA
SOOO MiStL lrt Ref I 30000 dr. p2OF. 7«H
4* 97 ! MOD W * E Ist 5s 104
TOrO do 97'; ! moon Wis Cent Ist 45.. 91V.
Iftf.v. in »7>i ' 2.VHV) do 91H
ftOOO M X & T Ist 4« ?»2 I 7000 do 91* i.
2rrf>.-, S!n Pac Trust Ba M ! 3000 do 91
2000 do 9S'i!
Total Fal^s of bonds, ♦ l,6S«,O00.
THE WEEKS RANK CHANGES.
The follonrlng tab'e shows the usual comparative
ftatemer.t of bank hotdtecs:
Feb. I. Feb. 10. Oinnsr^s. ■
Lonns $60a.KRS.ADn J720.7.15 000 1nc. 521. 152,400
Fpecle lfi2.7«V"i.'!<»o ri.fl2».Bnor i.fl2».Bno Inc. 2.2«V4..Vi0
l>epal tenders . . 87.056.5rtn fW.M4.700 Dec. T.20.R00
Pepoflts 7f15.f117..VK> Pl 4 7^«f«OO Inc. i^.sfis.nno
Circulation . te.880.000 17.026.200 Inc. 165.300
The following chows the relation between the
total reserve and the total Sept sits on the respec
tive dates:
Feb. 3. Fob. 10. Changes.
Fpecle. $1C,2.7«.'.100 $105,023,600 Inc. $2,264,500
Legal tenders ... 87,065.500 88.664.100 Dec. 520.800
Total reserve... s223.Rsn,fioo $231,594,300 Inc. $1,743,700
Reserve require*!
agalnet deposits 105.f179.525 203.006.725 Inc. 4.717.400
Surplus 530.871.27S $27,837,575 Dec. $2.t»73.700
The Clearing House statement yesterday was as
follows: Exchanges. 5153.110.962: balances. $6,105,730.
For the week: Exchanges. $1 .105,832,070; balances,
143.X:2.421, against exchanges last week of 51.02G.
(£2.(Z2 and balances of Va.oo7.oia.
The following are the changes for the correspond
ing weeks of the three preceding years: 1899 — i,oans
increased ff?.E!6.700. cash Increased M&380, deposits
Increased $5.0".6.630 and surplus reserve decreased
11 .18111 IM fiUUin Increased $5,976X00. cash de
creased H.TMLHB. deposits Increased J4.553.3C0 and
surplus reserve decreased $2.3 M,575: 1817— Loans in
creased J2.554.100. cash decreased 0,123.300, deposits
decreased J8J6.70') and surplus serve decreased
12 .0M,525-
I The following table shows the bank holdings on
the respective dates:
F^b. 11. •»«. Feb. 11, *SB. Feb. 10 •00
I^ans f C.-4. -■•■;. !■<• $750.04.1.300 $72<>, 725 «*)
Fpecle H4.f187.700 108.301.300 I«5.O! 600
Ivral tender* Ki2.l4(».3<rt .*.«.). 025,300 64.5A4.700
JM>oeltii 735.6P3.5nn 589.059.10U 814.7*6.900
Circulation 13.»]4.7<>0 14..V«.C00 17.026.200
The following shows the relation between the
total reserves and the total deposits on the respec
tive dates:
Feb. U. US. Ftb 11. '99. Feb. IS '00
Specie $114.M7.700 $198,501,800 $lrt.VO2<» 600
Ixral tenders .. .. 102.140.300 59.0Z3.300 6<?.r,C4.700
TotaJ reserve $217,!05.0<>0 $237,526,600 $231,594,300
Reserve req'jlre<i
sgalnft dtp-*itE... 154.670.550 222.014.775 203,086,725
Surplus $32.437.0.y» 135.511.52S $27.> i 07..*75
Percentage 29.3 25.9 25.4
■ •
CONSOLIDATED EXCHANGE SALES.
STOCKS.
I Op»n- I High- I I^>w- 1 Clo«- I
I I— • 1 *«• I esi. I ing. I Sales.
Am Steel & W. I 574 r,7'. 50 % ■ :,-\ ! 1 530
AmSug Ref 109* ; 11114 ' HHiH! IX"-. 16.350
Am Tobacco j lOHH VH% ' X.7 107% ! l.(/V)
At Top &.- F. .! 20«4' 20*<i j 20% 3>t. &>
<lo pref .. .. ! <3 ; ■- i 02HJ (\2\\ 44(»
Alamo .10 1 .10 j .10 j .10 1.000
Alice I .50 j .5(» I "■' ' .50 ; |,OOQ
13eet & Belcher, i .25 .83 i .33 .3.'. ' 800 '
BrVc.yn Rap Tr.. 72\ 73% | 72% r.\W 8 770 1
OilßiriQy.i 124H 124 Til 124% 1244 l*»fl0 1
Chi M.' A. MP. 1224 121 j 122% 122%! 1.710
aißiiiv.. :'!■■■. i<is', LOS | Ids I 330
Col Fuel & 1... i 44 "i! 44 T il 44 '» 44% 1 1«.
Cont Tobaacoo... 34 *! S4%] 34 84 170
CoTOßtork .03 ! .fa '. .*a .03 6*lo
Con Csl * Va.. 1-50 i IV' i.to i .-'« sss
Co»mc» 01 ! "1 j .01 .01 31HXI
On Imperial... .02 1 J/2 ' .'>2 .02 ' 1.000
Federal Steel..;. 53%) 55%! 54%! "" , 1 i.v.
<So pref 7". I ,i! 75'» 7.'. .- 754! .-,..
I»uifi A Narh.. §o4 ! m% «iV« I 80* 70
Jlar.hattan »7% :»>■'. 1»7 V, ' :■:■■. 310
Mo Pacific 40 1 *3%! 45%; 45 \\ 270
Norfolk & Wemt. 26 "4! 2S»;£! 2bjt( 2w>4[ •»
Nor I'aclfic 33 H •"■•••! : '. 1 ■"- 4; .'.^'. j i:u>
Pacific Mall . . 4- ; » ■»'!'-. 4*4: 40% 70
I'ople'e <;as... 107 107 1"7 ! 107 20
rharmaciEt I4'/4 IS US .15 j S.fiOO
Reading 1* pf..! •'•« ! -V.% ■•'■■ f,ftV4| m
Southern PrclHc! BM4J asTfci -***4 88*4 190
gouifc-rn J<y .. 1 1 ". 11% 11% 11% 120
Fj-ndUate 10 .10 1<- | 10 ■>«•
T^n C & 1.... J»"« 7 4 fi »% WJ ' 70
Union Pe/-1f1c... 49H 50 . 41t% 4a*; 1 1.040
ao pref . . . . '•;'■•■ 7<l 7«4 764! 10
r 8 leather.... 17 17 1.1% ie«J! 450
"Western Union.. , m%\ Mi tS% b2%| 90
To:«: 11U1 42.&G0
" BONDS. — — — -
I i>p»n- ] High- I l^>w- 1 rio»- I ~
I inn. i "'• ! '»<• ! Ing. I Bblm.
Am Gu 5s ! BTfi I 07%] OT%] 07% & Oo<>
WHEAT.
I Open- I Hl*rh- I ls>w- I cno»- I Bales.
;'• I ing. ! eet. I est. I r .£. | bush,
May «/Ucn... .( «JaH| «t>S; Bffi] Bf%| 323.000
FOREIGN COMMERCE.
IMPORTS OF MERCHANDISE AT NEW-YORK.
Week ending Feb. 10— l«tS. J. W. 1900.
Drygoods S2.IKVUI7 $2,503,731 $2,580,200
General merchandise... 6.297.000 0.467.001 »,000.525»
Totals $9,204,217 $11,971,332 $11,590,125
From January 1 —
Dryjfoofs |14 SOI' 1«2 14.237.1135 $ 16.674,010
General merchandise... 3C.'870.471 44.088.551t 46,658,897
Totals 951.675.C3S $98,338,994 $C 8.334,807
EXPORTS OF MERCHANDISE FROM YORK.
Week ending Feb. 6. . .$45.»10.704 $32,871,887 $37,438,039
EXPORTS OF SPECIE.
For the week —
Gold $BS7 235 $4,000 $648,935
Silver 671.«V> 1.019.825 1.182,020
Totals $1,258,840 $1,023,825 $1.700.tt55
From January 1 —
Gold $3,804,475 $1.753.000 $5,759,013
Silver 5.E20.654 8.080,898 6,719.487
Totals $?.K5,155» »7.715.*9S $11,479,400
IMPORTS OF SPECIE.
For the week —
G .Id $711,974 $219,674 $48,261
Silver 15.937 51.184 124.994
Totals $73i(.031 HBB.BBB $173,255
From Januiry 1 —
Gold $3.8?5.080 $2,870,856 $«<V.>.6.TI
Silver 356.100 565.062 461,691
Totals $4,101,19:: $3,228,908 $1,121,322
WALL STREET AXD EXCHANGES.
OUTSIDE SECURITIES MARKET. — Market
closed steady. Standard Oil closed at 530*7540.
against 526^630 on Friday. I^ast prices on other
prominent ispues were: Havana Commercial, l9V4(tj
22; preferred. 59@<g60%; Baking Powder, 93%@95; Bay
State Gas. 202%; Pump, 18.JT19; preferred, 64%@65V4;
Markeen Copper. l\i; Amalgamated Copper. 93%5T94;
Amsterdam Gas. ;2'.?/24; preferred, <2^4©44; Rubber
Goods. SiifiZl; preferred, S2*jS4; Dlstllllnsr of America.
"'if'" 1*:1 *: preferred, 2<H@SBH: SIOM-Sheflleld, 31®32:
preferred, 7 1 1 73 ; Storage Power. 13@15; General
Carriage. :>" i r in? i .
CANADIAN PACIFIC— The directors of the Ca
nadian Pacific Railway will meet to-morrow to de
clare the regular semi-Annual dividend of 2 per rent
on the preferred stock and the semi-annual dividend
on the common. Most of the best authorities In
New-York think that the dividend on the common
stock will be unchanged at 2 per cent, although
same of the directo-s are said to be In favor of a
payment of 2^ per cent.
BALTIMORE AND OHIO PURCHASE.— "The
Financial Chronicle" says in connection with the
sale of 600.000 Baltimore and Ohio 4 per cent bonds
that the railroad has purchased the Pittsburg and
Western first 4s, of which $8,400,000 had been de
posited with J. P. Morgan & Co., and which could
be sold for par and Interest in cash or reorganized
securities.
MILWAUKEE EL.RCTRIC RAILWAY— The Mil
waukee Electric Railway and Light Company re
ports for the year ended December 31. 1899. a sur
plus, a'tf-r fixed charped and dividends, of $120,5G4.
There waa charged to construction durin«? the year
$701 .951.
COLORADO FUEL AND IRON.— A new pool Is
paid to have been formed in Colorado Fuel and
Iron stock. Denver reports are bullish on the stock.
MISSOURI PACIFIC.-It is reported that Mis
souri Pacific will refund its outstanding: 6 per cent
bonds on a 4 per cent basis.
AMERICAN TOBACCO— Operations In American
Tobacco stock in the last few days have been for
pool account. Predictions that the stock will sell at
125 are general.
OFFER TO INVESTORS. -J. L. Robertson offers
at par and accrued dividend from January 1 a
limited amount of the 7 per cent preferred stock
of the Garvln Machine Company of New-Tork. The
total amount of the capitalization of the company
Is $200,000 preferred stock and $300,000 common stock.
The company has no bonded debt, and cannot Incur
any as long as the preferred stock is outstanding,
and Stephen Little, the expert accountant, certifies
that an examination shows that, extending over a
period from October 11. 18S9, to January 1. 1899, the
company's net earnings per annum -within the dates
named aver&ged $4*5,478.
CHARACTER OF TRADTNG.
London bought in the local market, and com
mission houses were moderately active and bullish.
At the close sentiment was more bullish than It
had been in many days, despite a small decline In
bank reserves. The selling of and Fri
day brought out no well held stock, short sales and
profit taking making up the bulk of the business.
Realizing Is for the time apparently over, and, bar
ring adverse developments over the double holiday,
higher prices are expected to rule this week.
Some of the buyers and sellers were: C. I. Hudson
& Co. bought Wire. F. L. Sellgsberg (2,500) bought
American Tobacco; Prince & Whitely (1.000), E. &
C. Randolph and Redmond, Kerr & Co. sold. Keech,
Loew & Co. (2,000) sold St. Paul. W. R. Houghtal
lng & Co. sold Sugar Refining. Wasserman Brothers
and .1. S. Bache & Co. bought Third Avenue. An
drews & Criss (1,000) bought Consolidated Gas. Van
Emburgh & Atterbury, J. S. Bearnes & Co. and J.
M. Leopold & Co. bought Third Avenue; W. D.
Hatch and H. Block sold. Ellingood & Cunning
ham sold Sugar Refining. C. M. Dodge & Co. (1.000)
bought American Tobacco; F. W. Savin & (\>.
(1,000), Prince & Whitely and Strong, Sturgls & Co
(1,000) sold. Van Emburgh & Atterbury bought SL
Paul Waaserman Brothe.s (2,000) ami A. I. Wagoner
(i.Ui«j> bought American Tobacco; Popper & Stern
(1.000) and A. H. Combs & Co. sold. Elllngwood &
Cunningham (1.000) bought Sugar Refining- H T
lmbrle sold.
BANK STATEMENT FEATURES.
The Important feature of the bank statement was
the heavy expansion In loans, the increase over the
preceding week, amounting to $21,152,400, being the
biggest gain for any out- week on record. Special
transactions wf-rt- responsible In great part for this
striking change. In the first place the loan ac
count of the we<>k before was made on rising
average*, and a large proportion of transactions
made at the end of that week were reflected In this
week's statement. Chief among the influences,
however, were the transfer of many of the State
Trust Company's loans to banks and the showing
In the loan account of operations In connection
with tho J3-5.CMT.000 Issue of debentures by the Con
bi tidatcd Gas Company. The bfginning of prepara
tions for the Third Avenue refunding may also
have born a factor, while, of course, increased
stock market borrowing added to the account.
TrK-re are several larre deals under way at present
that will affect bank loans, as the Western tJnlon'l
proposed bond sak- of $20.0 0,000 and the Thin! Ave
nue readjustment, which may result in causing
temporary higher ratt-s for money. Cash holdings
increa.-it il In the week over $1,700,000. and despite the
heavy gain in deposits and loans surplus decreased
only 11971,700. The banks can afford to flniii:
rent flnan.ia! operations without endangering tho
surplus, and If money rates should temporarily be
put up Incident to these operations there should he
no uneasiness among investors and careful specula
tors. The transactions Involved In the Instances
cfted are sour 1 business propositions, and they will
not add worthless securities to the market or
weaken actual bank holdings. Loans Increased
over $2L.ttO.OW last week, but the operation repre
sented, a■; far as innik hoMlngs art- concerned,
llttlf beyond the .ransfer of funds from one ac
count to another. The banks lost no actual money,
but of course a continuance of such 11 heavy loan
m>vem«nt will curtail stock speculntors' accom
modation. Five banks furnished one-half the gain
in !o-ins, the rest c,T the Increase being pretty
evenly distributed among the other institutions.
EXCHANGING GOVERNMENT BONDS.
Washington dispatches say that the exchange of
bonds In order to take advantage of the probable
passage of the refunding bill is already taking
place at the Treasury, as It Is realized that there
is profit In selling 3 per cent bonds at present prices
and buying 4 and 5 per cent bonds as the security
for their circulation and public deposits. The man
ner in which money is piling up in tho Treasury is
likely to streticthen the belief thnt the refunding
1)111 Will tend to afford an outlet for the surplus by
the payment of cash prf-mlums upon the oM bonds.
Every day of February has shown a surplus of
receipts over ordinary expenditures, In spite of thu
fact thHt pensions have been paid to the amount
Of K 52£ .000. The surplus of receipts for the fiscal
year so far is W,On.BK.
EXCHANGE MARKET CONDITION'S.
An authority on the foreign exchange market
rays: "It must be that, with money as cheap as It
Is here at present, exchange Is again attracting at
tention as a good temporary Investment and a good
thing to hold on general principles. Taking our
money on call st 2% per cent against the present
discount rate of 3% per cent In London, there Is a
difference of 1 per eont per annum — over three
quarters of a cent In the pound sterling In favor of
the Investor In CO-day sterling bills. The operation,
moreover, looks fairly safe In view of the Increase
In our Imports of merchandise and cessation of as
ports at maturity of 11 CO-<lay bill bought now. An
additional argument In favor of higher exchange
after sixty days is the expected great exodus of
Americans to Europe during the spring and sum
mer. Every steamer for Europe has every berth
engaged for months ahead, until there la not a
NEW- YORK DAILY TRIBUNE. SUNDAY. FEBRUARY tt 1000.
single room left for thousands more who would
like to go. Never wa« ouch an exodus seen, and It.
of coume, means a good deal of money that must
be remitted from here to pny their expenses
abroad."
CONDITION OF TRADE.
The condition of trade throughout the country Is
described by "Bradstreet'a" as follows:
Unfavorable weather has affected distribution In
most sections this week, but mall orders have been
of fair size and spring trade outlook continues un-
Impaired. In the west Chicago reports that a num
ber of new stooks of hardware are being bought by
Western and Northwestern buyers, but lumber is
dull as a result of the strike of building employes.
Kansas City reports rains, followed by snow, indi
cating good prospects for winter wheat. in the
Northwest business is In lie main very satisfactory,
In n«ariy every case exceeding that of a year ago,
while on the Pacific Coast some improvement is
noted, partly as the result of a larger movement
of wheat and partly because of activity In lumber,
demand for which taxes the capacity 01 the Oregon
mills. Southern trade conditions are most encour
aging, the Smith's great staple, cotton, having
shown an advance of 40 per cent from the low price
of the season. The price is now above 8 cents at
all Southern markets. Sales of fertilisers are heavy,
and a large ares will undoubtedly lie put In the
crop in the coming nan. New-Orleans reports
heavy buying by foreign spinners, and spring trade
Inquiry larger than usual. Business, particularly
In drygooda for spring account, is of an encouraging
volume at Eastern markets. At Baltimore cotton
goods are very firm, and the January business in
drygoods is reported to have been fully double that
of a year ago. An excellent business is reported
doing in prints at Boston, and ginghams have ad
vanced Vi cent. Activity is reported at Plttsburg,
where new orders for shoes alone are small, but
shipments on earlier orders are heavy. Iron and
steel are firm ami In good demand at unchanged
prices. Bank clearings for the week aggregate $1.
807,683.777. a gain of [8.6 per cent over those of last
week, but a decrease of nearly 1 per cent from this
week a year ago. Compared with 1887, however.
the gain Is 31 per cent, and the Increase over 18SH is
128 per cent, while over 1892 the gain [a 34 per cent.
Outside of New-York the gain over last week is 12.7
per cent, and over last year the Increase is 4.7
per cent. Business failures in the United States for
the week number 231, as compare, l with 171 last
week, 193 in this week a year ago, 278 in 1898, 301 in
1&07 and 381 in 1896.
MEXICAN CENTRAL BONDS.
An enormous buying movement ot Mexican Cen
tral Income bonds was a feature in yesterday's
market. The same character of dealings was no
ticed in these issues on Friday, and it is said that
one of the btggesi banking houses in the Streel is
behind the movement. Mexican Central's earnings
and the earnings of the Mcxli an National have been
very heavy recently; In fact, for the k-tst two years
the two roads have been making steady gains in
traffic receipts. In tho last week in January Mexi
can Central increased $155,000 and Mexican National
147,000. Important economies are being practise I
by the Mexican roatls, and the market value of
their securities ought to show considerable im
provement. Mexican X;iiionni stock at 4 and Mexi
can Central at 12 are about the cheapest issues on
the list.
PEOPLE'S OAS COMPANY'S YEAR.
The People's <;,•'? Light and Coke Company re
ports for tho year ended December 31 net n ■ I] ta
for stock above fixed charges of 51. M1 ,572, compan d
with 0,627,925 last year, equal to 6.84 per cent on the
stock. The retirin'; Board of Directors was re
elected at the annual meeting.
RAILROAD EARNINGS HEAVY.
Earnings received yesterday for the first week in
February showed the following changes as com
pared with the same time a year ago:
Increase.
Ann Arbor $l,'.i!V>
Buffalo. Rochester and Pittsburgh 13.004
Chicago and East Illinois 17.6G0
Georgia 11 330
Hocking Valley 27.481
Illinois Central (January grn«s> 342,273
International and Great Northern 5.381
lowa Central 3,678
Long Island (January Kross) «.32i
New-York. Ontario and Western 11.150
Rio Grande Western 61.900
St. Paul 62,073
St. Paul and Duluth •8,764
Santa Fe. Prescott and Phopnlx T.OBB
St. Joseph and Grand Island 1.904
Wheeling and I>ake Erie 11,633
•Decrease.
"The Financial Chronicle" computes the gross
earnings of sixty-five roads for the fourth week of
January. 1900, at $12,696,732, an Increase of $2,152,891.
or 20.62 per cent; 109 roads for the month of Janu
ary at $50,727,792, an increase of $6,671,118.
OUTSIDE SECURITY MARKET.
Bid. Asked. ! Bid Asked.
Am A!r Power.. 40 45 ; 111 El \>h Tr 2% 3'i
Am Bicycle 17 20 | Inter Xt Pump... 18 18 ,
do pref 43 51 I do pref (144 f»H
Am Woollen 25 254 I National Salt.... 4« 4i!'i
do pref 8214 t>2% do prof 77 7-
Amsterdam Gas 224 24 National Tube... 4!' 1 -. 50
an prpf 42% 44 I do pref !>2' :■:■.'■
Amal Copper 93?» '.'4 IN v v Veh Tr... !«>. 10%
Bay State Gas. . 2 24 NE E Vih Tr. . 6 HM
Chic & A Bubs.lOO 106% Otis .Elevator.. 2." 26
IMBt Co of Am. 7'i 74 ' do pref *8 90
do pref 244 254<Itoyal H Pow pf. 93 M OS
Electric 80at... 17 20 |Rub Goods MfR.. 90 " 31
do pref — 35 | do pref 82 si
Electric Vehicle. 48 52 (Stan Oil of N r J. 580 540
do pref 61 WO SIOSS. Sheffield... 31 82
Electric Axle... 3% 4'i] do pr»f 71 7.{
Havana Com... IS* 1 22 |st L. 8(H Bros). — 12.1
do pref r,r»'i, 80% Trust Co of Am. .103 198
TRUSTS AND SURETY COMPANIES.
(Reported by Clinton Gilbert, No. 2 Wall it.)
I Dividends, I
Name. Capital. ! when : Bid. Asked.
' I payable. |
Atlantic $1,000.0001 195 1 203
Ainer Surety Co. | 2,800,000 8 Quar J. 210
Bd & Mtg Gr Co. 1.000.000 8 Quar. F. ' 300 325
Bankers ; 1,500,000] — — ; !»•> j ins
Brooklyn ' 1,000,000 1« Quar. J. i ."{'.tn \ —
Cf-ntral I 1.000,000 liO Quar. J. 2,l(J(> 2,250
Cen It Bd & T Col 1.000.000 i 260 —
City 1.000,000 ] 880 ::c..-.
Continental 500.000! C Quar. J. I 375 ■
Colonial 1,000,000 1 — 40<>
Farmers' I, &Tr 1.000.000 SO Quar. F. 1,400 1.450
Flatbush j 1 ieo _
Fifth Ava Tr Co. 500.000! 400 800
Franklin : 1.000.000 10 Quar. J I 800 823
Fid & Den Co Md 1.000.000 10 .1. &J. I 400 1 —
<!•: Am Itenl Est ; 500.000 — '■ SO 40
Guaranty Tr Co.. 2.000.000 12 J. & .1. 1 Oihi 700
Hamilton i 800.000 8 Quar F. "70
tat Ilk .* Tr Co.. 1,000,000 ! New. 135 —
Kings County ! 500,000 10 Quar.' F. 350 —
Knickerbocker ... 1,000,000 ; 7 .1. & .T. ! 375 .
lawyers' Surety. 500.000 no
Lawyers 1 T & Ins ! 1,000.000 8 F .s: A. | 180
Long Is! I. & T..| 500.000 10 Quar. J. 250 .
Manhattan 1,000,000 SJ. & .1. i 350 400
Manufacturers' .. ; 500.000 10 Liar. .1. 310 —
Mercantile i 2,000,000 ■*> Qunr. J. 775 _
Morton ' 1.000.000 - 400 415
Metropolitan ' 1.000,000 10 J. & J. 4(MI 4.V)
Nat'l Surety Co.. 500,000 10 !•". A A 128 I —
North Am Tr Co 2,000,0001 ,-, J. & J 140 ! It --,
Nassau 1 500,000 a F & A i 200
NVI, In & Tr...| 1.000.000 11 ,T. ft D. 1.400 11,500
N V Security & T 1.000.00U 20 M. & N I TOO 77'>
I'^plf-'H I 1.000,000 10 Quar. J. 800 —
Produce Ex Tr. . .| 2.500.000 _ i L .,( 130
Real Estate TCo 500.000; BJ.ft J SOO —
Standard T i 1.000.000 210 —
State ) 1.000.000 6J. & J. | 400 _
Title Or & Tr Co. 2.500.000 10 Quar J. I 883 4ih»
Tr Co of NY.... ; 1.000,000 - _ 195 2of>
Trust Co of Am. . 2.500,000 — 100 190
tnl "n ' 1.000.000 32 Quar. J. 1.400 1.450
V B M A T C 0.. .1 2,000.000 1 10 .1 ft .1 500 j 540
lln'.tPd States 2,000,000 40 J , v ! 1575 I
Washington ' BOO.OOOJ 10 3. * J. ! 800 I —
Wllllamsburg .... 700,000 j 183 • 200
STATEMENT OF THE ASSOCIATED BANKS 1 V DETAIL.
' ! Net I I i i i
nkB l lOapltal. I profits. I Mans. I Specie. i L#pals. | Deposits. ( Ctrcalat'n.
ijaU of X. V Nafl i:. c AssoiVn. 12.000.000 $1,090,200 1 913.365.0001 $2. *»:{».» •«>' |1. 127.000 1 $13,802,000 45 000
Hank of the Manhattan Company.. 2.U50.U00 2.114.1001 17.846.1100 2,."H»2.iKK> ».Vt mat 20 »H4 O(¥l '
Merchants National 2.000.000 1.1«2.50U 12,343,5001 2.437,000! 1.«U2.5d0 l»'v\s i«.
Mechanics' National I 2.000.000 if.1»7.100 IO.7BIUKK) 2.5.{8.000 885.0001 ll'.l3o'(rtoi
l>ank of America | 1.600.000! 2.814.200 20.922.2f<0 3,840.500 1.740.800 23 431600
' ''* nlx ,- N " f ' "'"" 1,«Hh..(-iH»! 232.500 4.271».<«*1l 1.004,000 195.000 4*.270!000 44 3110
National City ".• 10.000,000 4.05K.700 00.415,«00(,87.09O.O)O| 6.100.700 124.515.500 T.iT.KN)
ChemhrU National ■■•• ii .. 300.0 o,r.rt<>.i<M>l »:oi»:«io 5,460.800 3,533 7001 1 2eueD 800 —I—l
M.-r.-i,:,nts Exchange '° na! "-- 800.000 207.000 4..M>.:.m. 8511200 .'.7.1.000* 5.001 80.400
Gallatln National 1.000.000 1.718,000 7.819.100 006 800 77iV.HH> r, ii-Tcn 840 300
National Hut-heni and Drovers'... 3<M>.oof>! K.l.fmol I.lo:{.«kk>[ 320 C00 51100 1. 175 700 4u'-'w)
Mechanic! an.l Traders | 400.000 120.800 1.W55.0U0 201.000 220 uui u.ih..i.mh.
Oreenw.-h 200.000 lttS.ooo BU>,«tK) 101.UKJ IM.IOU KlU.'lHIOt
Leather Manufacturers Nail. nil . . 000,000 503.800 3.H1»1.400| If 1.075.000 3«2,700 4.003 1(10 4.10 (Sou
seventh National ... H.M.000: »m> SOO 332-800 543 200 34*^200 437« »i 44700
Bank of the_ State of New-fork.;.. i.a 00.000 528.0UU 4.074.8W 473.000 ;,;.:. :t, M , 3 723500
American^Bjtchanjre National 5.000.000 2.051.800 28.178.000 : 3.808(100 I.MM QUO 22.'265*t«0 4 •><»> 000
National Bank of Commerce 5.000.000 3.778 8001 315, 800 I.tKS.HOO 8.621.100 21 .W7ool' •.-,„,
National Broadway Bank 1.000 000 I 1.621300] 6 868.000 ;: 1.013.400 204.300 0 177 «' 44 7".
Mercantile National 1.000.000 1084800 U 197.500 2 473 600 577 000 13 035*3011 ttuuo
I>«"«lc ..•••• 422.700) 1U2.200l 2,Mi«.H00 324.70U 4.M 700 3 080 700
National Bank of the Republic 1.500 OtK) 974.100 18.805.200 1 3.823.U00 1.824.00H 20474 1 „-, ,(M, (M
Chatham National 450 000 U9l.3<ki 232.700 584.500 ? htJtt.loo 82M.700| 45*000
*„- ■•I'l" * . . ■ aOO.OOO 298400 2.143.4K10 17:».7oo 43o!200 2'?kSs;Vih»! 45 -° OO
National Bank of North America.. 1.000.00e 833 soo U.WM.200 2,557.200 U35 500 Rl3 «3a auO mm. boo
Hanover National 1.000 000 2.7119(10 34.N7N.r-.oj mu».k» 2.40U IKK) ts^Mw wSSoo
Irving National 500.000 4122001 1.128.000 U54.300 BSS 800 4 -.1 • . I K ,I I "H ft
National Citizen* «OO.uiO| 383*200 2.5*a.3(10 60t.,10U 125.7(10 *W»«jo itimm
Nassau ................. 500.000 864 8(»0l 2.543.000| 818.700 352 300 2.'7.'»tt*ooo
Market and Fulton National jMMMKNiI i... it -..•.,, «.3B1.«UO 1.UW.500 lt»l -.00 tt7olloo "01 -,„,
National Shoe and Leather ; i.000.000l 170,100 3.75.<1W0| 57«.400 : ,., „„, , „',„, !-■' iV>
Corn Ezchanm I.4IXMHX) 1731 COO 16.406.H00 l. i:.:.. „>< aL«73 IWIMJUOO '
Ccjitinerital National I 1000 IKIO Ml 600 4.701400 1230 800 430 800 '■; ;.'7 : - 800 •..,k i 1
Oriental ....--;.. ■ I 300.000 1 885 600 2.ir..5.C..K) 2U7.8W -;.,,„,, ■„„,;',,„ -•'•••■ I ><">
Imponers and Traders' National ... 1.000.0"ol 8.520 8-X> 84.337.000 1.142.000 1.248 UUO i 2»'4-u'(HJu as ion
National Park 2,0n0.000 ;i ::.-i .-,.,, 5f1.577!000 iim:m<«, 2 ItliooO v> ik.'i 000 J2'i«
v ( " 1 River National 250. 01 « lus •_..,, 13101900 220.«u0 14;, «, 1444 KM i !- ,'lt,
Fourth Nation^ 8.000;000 2 171 >«. 22.683.200 4.806 200 l.nor.MM -t-,''.,, JSJSS
Central National 1 Mool JSJISSo O.MaioOO 2619000 liso on wloliOOO SoS
Bacond National ROO.OOOj 776600 H.21.1.(i().. I.Bialooo '440 000 £033000 JOT* M
Ninth . National T»oon 174100 2.7:»2.tWH> 822000 106 000 2741000 i'
Flrat National OOO.OO'i T.7«7.a00 84.113.900 8.803200! 1.860500 8463(1400 J-1 -v
New-York National Bxenang* 800 000 78 108 2.35.1.800 804 700 m.200 £ 7,n» ""i?, l^
Howery 1110,000 682*500 :«,4ril*ooo 4«0.4(i0 842 .; ■) jJK W.(«n>
New-\ork County National 200.000 413.C00 a'o8«.40O 741. 0W) 870,8 l»! ILM«*7OO «•,,.«
«'' m ttn-Am»rlc 8 n 760.0001 81 « 600 8.410.700 r.lH»:7<K> 250 200 sSIS^MO
C. h "" c Rational 1.000.000 1.r.n*1.7m 82.812.500 5.407.300 • tt.MV.2IH> 3<>S.S6l(iO m«lt
Fifth Avenue 100,000 1.211.500 8.318WJ0 IMI 800 *44<i'un. ■ i, fSoaOO 7 11 (M)
German Bxehanc* 100,000 ng.1400 ,; 2.688.200 236 POO e43."200 8.'m9100
V: mi " nl " 200*000 774.M0 2.701.700 401100 4MJ*.OtIO 4 145 900 ZZT
teias:a.-.-.:"-r.v.v.v.v. as ssss \iwdi l,^™ TO3 SCO 1»(V,2 *S %a
5,7.?^ N . Btlo . nal 20000.1 P7O.HMI 0.802.000 -l.nS4.7tn>! 4«ii>oik) 767a«00 "li' Ski
S^..,:,,;,,:;:::::;::: 2<|O.(<K> asi.KOO 2.l7o.('<>i> 420 7(10 <01(kZ jnji*, lj::::;
"•■*»' the Metropolis SOO.'oOO oil W 6.838 200 1,433 400 436.700 «7n«V^ )0
Weat Bide i . . avo.onoi „,„,:, 2,fino.o<><> 42" 0110 2t»l (•<»« ■» Tin'mm '
Rraionrd National 5-0.0.VM ren.SrtOl U.im (kh. 1.571 COO 2 (Ml oih iTd-VIT. 4^77^
nTv«" |i r. 1 •■,:;■•••■ 2.ido,o«xii 1.2MR00 saUooooo 1 aiioijoo 22'oSft
Fln<t Nat'onal. Hrooklyn : SOi.tmo r>2!> >W)\ .'hihihii 4t.««miil - M V ,« 11,0, ,! 4S,(»h>
KgSßf'j^-i 1.200:0.01 4<nono b 072 4001 14097001 mi 700 1 b'So'Sm SS2S
Übortv .Mntlonal . r.01.0K1l 44r,.t>.,0 5.f»72.400 1.400 7<« I 281700 s^l4^ 25»*2S
ToUU ' ' 66,422.7001 60,050.200|720.735.000|165,020.000| 60.604,700 1 81 4 7M.UUOI 17.02«.a)0

BANK STOCKS.
(Reported hy Clinton Gtlhert, No. 2 Wall-ft.)
I I Dividend*. . ,
Name. Capital. I when Bid. I Asked.
I J payable. j
America 500.000 14 J. & J. 430 — ."'
American Exch.. 5.0U0.000 7.M. & N. ISO ! 19"H
Aftor National... 3.VJ.000 j 600 —
Bowery 2.VM»>O| 12 .1 & J. 253 300
Broadway 1,000,000 12 . I. a J. 235 -■*'»
Butchers & Drov. 300,(!(iO| OJ. AJ. I «S M
Central i;ot«t.(Mio| BJ. &J. ! 175 l.**s
Chose 1.000.000 12 .1. A J. 425 —
Chatham 400.0U0 Id Quar. J. I 295 310
Chemical ! 300.000 ISO HI m J. .I.Wio 4.100
Citizens' CiO(»,(Nloi 7.1. a J. H5 '■""
City lO.OUO.OOO! 29« 300
Commerce i 5,000,000 BJ. &J. 270 —
Colonial i 100,000 2TX» —
Columbia ! 300,000 BJ. *J. 190 —
Continental 1,000.0001 6J. & J. ! 128 —
Corn Exchange... 1.4C0.000 12 F. & A. 1 — [ 3.0
Domestic Bzch... 300.000 — —
East Hirer 230,000 8.1. &J. ! 130 —
Eleventh Ward... 100,000 BJ. &J. I 150 —
First National.... »m,in»> 100 Quar. J. 3.230 —
Fifth. National... 2(K).OnOJ 12 J. &J. ' IS —
Fifth Avenue ... 100.0001100 Quar. J. 12.600 —
Fourth National.. 3.000.000 7.1 AJ. ' 170 180
Fourteenth Street i lrtO.oool »', M. &N. : 140 ''•'
GallHtin ' 1.1100.00(1 12 A. A O. ' 400 ' —
tiant-evoort ! aW.OOJI • — "0
Garfleld ' 200.000 40 Quar. M. I.SJRO I —
German Amer. .. 730,000 <; ]■•. A A. ! 12> —
Herman Exch 200,000 1 10 May. | 2 : '"> -•«)
C.f rmania I 200.0001 in M. *N. ' .'!-':> ■»- !
Greenwich 1 200,0001 OM. IN. 165 ' —
Hamilton 200.000 6.1. &J. 120 —
Hanover .. l,U»o.n(.«! 10 J. A J. 075 •-•>
Hide « Leather.. 600.000 12« —
Home I 100.000 120 140
Importers A Trad 1.500.000 20 J. & J. 520 MS
Irvln X WO.000! BJ.& J. 1J? 1*!1 *! -
Leather ICanuf... 600.0001 10 J. &J. 22.> 2uo
Liberty 800.000 SlO —
Lincoln . . ■ ! 300.(00! 1R Quar. F. .75 KB
Manhattan C 0.... 2,050,000 10 F. & A. ; 2.'.5 370
Market .<• Pulton. 900.000 10 J. & J. 21.. 240
Metropolis . 300.000 12 .1 A I). I 41.. I *3"
Mechanic* 1 2.000.000! 8 .1. & J. 1M —
Mechanics & Tr. . 400.000 '■<" '10
Mercantile ... 1.000.0001 •'. .1. & J. I 100. —
Merchant . 2.000.000 7 .1. A J. 170 —
Merchants' Exch: 000.000 r, .1. A .1. 120 —
Mount Morris ! 280,000 200 —
Mutual ! 200.0001 140 —
Nassau I 500.000 BM.* N. I !»»> —
Natinnni Union... 1,200,000 10 J. & J. I 800 —
New- Amsterdam.. 250.000 SJ. I 590 —
N V NBA . I 2.«t00.0Ml 10 J. .<• J. ! 248 26..
N v County I 200.000! 40 J. AJ. 1.000 —
N V Nat Each... 300.000 I 11« —
Nineteenth Ward. : loo.O"0| I l'"> —
Ninth ' 750.000 4 .1. A .1. -"■ >>>
North America...! 1,000.000 (i .J. &J. 200 -H»
Oriental I 300.000 10 .1. &J. I '" ■' -"'
I'a.-ltlc J-J2.71K1! » Quar. F. ' l!/> —
Park I 2.000.000 ! 12 J. ft J. I 430 4.5
People's I 200,000! 10 J. A .1. 1 223 I —
Phenix ! 1 ono.oon «{ .1 AJ. I l f>(> , —
Plaza 100.COOI I 475 —
Prodtire Exrh .. . 1,000.000 1 r, A. & O. I 120 1• ■_
H,,,,,,1 ■■;- 1,500.000' S.I. A J. I 200 215
Rivers • 100.000 8.1. &J. 1 -l" —
Se;il>™r.; ' JiOO.OdO o.i AJ. -''' —
Second ' 300,000 10 .1 A J. I 550 —
Seventh ! 300.000 6J. ft J. I 1"'» , ~
Sh..P & I>>athPr..! ' noo.OOO l Quar. J. ! '•'" ' 103
StatP INT ' 1.200.00(1 i; M. ft N. I 12« —
State ' 100.000! >\ J. & .1. I 2_'-. —
Twelfth "Ward .. . ' 200.000 <; J. &J. US —
Twenty-third «"d' 100.000 SF. A A. I"' —
Tnlon Square.... I 200.000 6J. ft D. ' 210 ! —
Western ! 2.100,000 I 333 1 —
West Bide ... ! 200.000 12 .1. A J. ! 3»5 —
Yorkvllle .... I 100.000! 1 -in ; —
BOSTON STOCKS.
(Furnished by R. I- Day ft Co.. No. 1 Broad st.)
Yesterday.To-<lnv. I Yesferdav.To-<3av
ATA 3 V com. 20% 20% New-England Bs.llo 110^4
do prel 62% 62% Old Pom Mng. . . 90 2>
Am Bell Tel. .- .338 338 (Atlantic -* 24
Am SR Co com. 110^ 110% Boat & M0nt....»0 --» <
da pref 113% 114 I nutte & Boat ».2 _r.Uj
Host & Albany. .244 245 | Ca| & Hecla .••<> .....
Bo«t AMe c >m.I9H i!' 1 - I Centennial I>% }■"■:
Chic Hur A Qy.124% '-i 1i 1 - Franklin 2;', It 1
irgßdpf.l23 123 I Occeola 73% 78%
On F.me pf.... — ISS iQ.ilncy 143 \U
Mexican Cent... — !2'i, Tamnrack 101 I«
(,1,1 colony 203 208 ! Wolverines -*"\ 41
fplon Pac com. 40* i 4:>\ I Boston Kiev 98 '.-'.''a
West En.l com. V2 1 .. J>2 l ii Arcadian I*% ••
do p-ef 113 113 ! Wvnndotte I * ll a *
West Elec «om. 43U 4:. A'.louez ......... 3 3
<lo pref 61 «1 Dominion C0a1... 43 43
Atchlson 4.« 80% '•''■' : .
SAN FRANCISCO STOCKS.
San Francisco, Feb. 10.— official closing quo
tations for mining stocks to-day were as follows:
Xita 01 ' Kentucky Con 03
Alpha Con Mill Wash Con 1?.
Andes "*■ Mexican • . .27
„),,.r 21 Occidental Con IS
Best & Belcher 83 Ophlr 11
Rullion 03 Overman 04,
Caledonia 33iPotosl 2-1
Challenge Con 20 Savage 11
(•>.,, 1 lir is sag Belcher 02
Confldenc" f.:i Sierra Nevada 53
(on f'nl ft Va 1.33 Standard : 2.75
Con Imperial 01 j Syndicate 06
Crown Point 10 St Louis 07
Gould & Curry 17 fnion Con 33
Hale & Norcross 301 Utah Con 09
Julia •• ■ O2JTOIIOW Jacket 17
Justice 04 1
There was a sharp advance and heavy trading- in
Sierra Nevada on report of finding of $13 ore on
the 140 foot level. These reports were not confirmed,'
but they helped the market. Sales of Sierra Nevada
were 8,100 shares and of Consolidated Virginia 5.150
shares.
PHILADELPHIA STOCKS.
(Reported by De Haven & Townsend, No. 40 \Vall-!«t.)
BM. Asked. I Bid. Asked.
Am Ry Co 4, 4\iPenn Steel com.. 83 84
Am;.li CO of Am. IL m I"- 1 . do pref BC2 88
Brooklyn Gas... 4 " 4'» Perm El Veh Co 7 s
Cambria Steel.. 21 21% do pref 3>i 4
Choctaw Ry 33 84 Phlla Klec C 0... 57,5 7 , «
Con Tr of N J. 02 t>2'-j Phila Traction... 9Hi; 98M
Klec 81 Bat Co. 78 80 Phlla A Erie ■■ -'■'. 2"Ui
do pref wi 82 PRta Con Tr Co. 28 :>-- 2
Electro Pneu ..1 i'« Koch I' Ry C 0... 20 —
EIM Co of Am. V.i\ Kt' . Sus Ir.m .<• Steel. 4* 4%
Gen Elec Auto.. 44 4% 1 Tidewater Steel.. 18 ISM
Horse Collar '.. % v Cos of N J...272 2721 V,
Ins Co of N A.. 22** 23 L'nion Traction.. :t!i 3)VVi
L"hißh Nay 48 4.'.', c an? Imp C0..151'i 152
Lehig-h Val R R 2-.', 25% Wels Ug-ht C 0 . .. 40 42
Madden 10 10' i W I Lt Co of C. 1 1 -. 1%
Northern 081 '.•:; — W.'ls < .-m com.. 7 »
North Perm !<«-. 10514 do prel 53 st»
Perm RX C 0... f.t>% 86^1 WNY ft P 9% 7
BONDS.
As Co of Am Ba 83% 88 Newark Pass 55.11« 117
Ir.d PRy Co 55. 102 103 People's Trac 45.10c,U 107
N .1 Con 5*.. 108 IOBVi Union Trac 45...100 it 101
COLORADO SPRINGS STOCKS.
Closing quotations on the Colorado Springs Min
ing Stock Exchange, furnished by William P. Bon
bright & Co., of Colorado Springs:
Bid. Asked. ! Rid. Asked.
Alamo "'>'-• 17 | Portland 23* 240
Magnet Rock.... IS 4S: Haven S3 Kgu
Pilgrim Consol., — J3 7 » I [Tnlon 47*« »v
Hose Maud 10 4 11 I w (irk 31 ■- 31%
los.- Nicol 18H 13>a' Acacia 87% 3S
Touratne — 8 Battle Mountain. 35 36
Trachyte — 7 CM City ft Man.. It's 14%
AtKcnturn-.Jun. . 18 IS I *. I Copper Mountain 7'« 7*g
Ar.aconlii ...... 4S<i 4'J Damon 2s^« 29
Crip Creek Con. 16* 18*4 Garfleld Consol... 15% ir, 1 ,
Elkton Consol. .117 Us Gold Coin 205
Flndley 13% 14 Gold King — 102
Inphani Consol.. 17 7-*7 -* is Gold Sovereign... in 1 ., 10%
lsahell.-i — 138 IM'maln Beauty . 10>« 10%
Lexington -»►' 1 — I Mount Rosa <>:> 804
Moon Anchor... <>-'-2 04 Pappoove . B'4 SXU
Pinnacle 29% 25\ I
.financial.
We Make Copper
From Our Own Ores J
Taken from Our Own Mines
Smelted at Our Own Smelters
and now to increase our capacity invite the participation of capital upon a
legitimate basis in immediate profits, increasing rapidly with development, in
the greatest copper proposition known, to wit:
The Greene
Consolidated Copper Company
(Incnrporntrd iiniler the linn of \l>»t Vlr«lnln.i
Capital Stock. 15,000,000. divided Into SOO.OtiO shares of the par value of $10. full paid and non-assessable. Owsst
of dM
Great Cananea Copper Mines
of the State of Sonora, Mexico.
Known to be one of the Great**; Copper Properties of the world.
MINKS AND WORKS: La Cananea. Srn.-.ra. Mexico.
NEW YORK OFFICE: 27 William Street.
OFFICERS.
President— WlLLlAM C GREENE. Vlce-Presldent— GEOßGE A. TREADWELU
Treasurer— WALTEß S. LOGAN. Secretary— MYßA B. .\I.\r.TIN
corNSKi..
LOGAN. DEMOND & HARBY. Attorneys-at-Law, 27 William St.. New York.
DEPOSITORY.
THE CHEMICAL NATIONAL BANK. 270 Broadway. New York City.
HKGISIIt \K.
THE CONTINENTAI* TRfST CO., 30 Broad St.. New Ycrk City.
TRANSFER A«iK\T.
NORTH AMERICAN TRI'ST CO., 1»X) Broadway. New York.
Subscriptions are now invited at five dollars per share to fifty thousand (50.000) shares of tlt«
full-paid and non-assessable capital stock of this Company.
The right is reserved to reduce or reject any subscription; an.l la withdraw this nftVr without notice.
Checks in paynvnt for stock should be made payable to "WALTER ■ LOGAN. TREASURER, GREENE COS.
FOI>II>ATKT> COPPER COMPANY."
The proceeds from the sale of the stock now offered are to be r!»vn«ri to the Company's uses, for the purptma
hereinafter given, thereby directly Increasing the value of the property.
Earnings
At the present rate of earnings, this Company will earn at least
TEN PER CENT. FOR THIS YEAR.
Before the year has expired, with the Installment of the Improvements herein referred to. the earning* at
th" Company are confidently expected to reach a rate of
TWENTY-FIVE PER CENT. PER ANNUM.
With cepper at present price. 18 cents. Inside of eighteen months firm this date. February 10, 10C0, with
the Improvements referred to in full operation, the Company will be earning at the rate of
FORTY PER CENT. PER ANNUM :
upon Its present capitalization, thereby giving a value to its stock of at least fifty dollars per share.
The Property
This Company Is the owner of two thousand, six hundred and eighty mining claim*. I'uvrrlnj
an orrn of over 7,000 acres, known as the Cananea Copper Mines, situated In the State cf s?nor».
Mexico, twenty miles south of the boundary line between the Cnlted S:ates and Mexico, and furry rr.'.'.?s from
Naco. Southern Arizona, the present terminus of the Arizona and Southeastern Railroad.
The Copper zone covered by the Cananen Mines comprise* an area of «even and
one-hnlf miles In length and un avernse width of tiro mil*--.. Over this entire prop
erty immense outcropping of copper are found.
This property came Into prominence during the past year a.« line of the largest deposits of copper
known In the world.
Many of the best known mining engineers in this country have expressed the opinion that th»se -•*
Then developed will surpass In extent and richness the most famous mines In the world, namely the Rio Tlnto
Mines of Spain, the Boleo Mines of Mexico, the Rune Mines of Montana, the United Verde ar.d tae C:pj?r » .e«B
of Arizona and the Calumet and H°cla of Michigan.
In corroboratlon of this statement, we refer to such well-known mining engineers as
ARTHUR HENDY. M. E.. Prescott. Arizona.
ALEXANDER HILL. M. E.. London. Eng. • and Tucson, Aria.
MILES GIBBONS. M. E.. 55 E. 88th St.. N. Y. City.
J. B. 9TORCH. M. E.. San Francisco. Cal.
\V. S. CRA.NZ, M. E.. Hermosillo. Mexico.
CHAS. McHENRY. M. it. Tombstone. Arizona.
AUGUST MATHEZ. M. E.. Denver. Colorado.
THOS. M. IRWIN. M. E.. Tucson. Arizona.
J. H. DEVEREAUX. M. E.. Aspen. Colorado.
Operation
Since February. IRJ>9. when work was regularly commenced on this property, It has been equipped wit* •
cmelttns plant of a dally capacity of one hundred and fifty tons, two 'team hoists, store and offlee buildings, tsA
boarding and lodging houses for employes; and many miles of good wagon reais have been bul'.t. About S.OOO
feet of development work has been done upon the various mines, thereby opening ore reserves satllcleat
The smelter now running has during 85 days' actual operation smelted 14.600 tons of ere. producing two
million, two hundred and eighty thousand pounds of copper matte, averaging 62 per cent, copper. 23 ouncM
silver and 12-100 ounces gold per ton. a gross value, with copper at 16 cents per pound, of $263.460 — a daily
production of $.1,170. at a dally expense of $1,425, giving a net dally profit of $1,643. which profits fcav« bwa
entirely reinvested in the purchase of adjoining properties and in development.
Improvements
It Is now Intended to Increase the capacity of the plant to five hundred tons dally by the erection of two addi
tional smelters and two converters, the latter for the purpose of the production of blister copper of OS par cent,
fineness in place of matte 62 per cent. fine, thus enabling a saving of 36 per cent. in freight from the rr.ir.*s to
market. A nirrow gauge railroad has been surveyed and Is now In course of construction connecting the :'*••>
ent mines with the smelter-*.
Greatest Production at Lowest Cost Known
With the before mentioned Improvements complete, copper can be produced by this company at a
com! not to exceed four cents per pound. The grent extent and variety of ores found
In these mines render the ores itelf-flmlng, thns avoiding expensive concentrating and
rorotliiK' This advantage, together with cheap labor an.l en abundance of timber on the property, will
enable this company to produce copper at a less cost than any other company now
operating anywhere.
The gross production of this property, with the Improvement named, should be not lens, than nine rhennad
dollar;* <$l>,000) per day; the total expense should not exceed four thousand, five hundred dollars <$4.500» r*T lay
This rate of net earnings Is equivalent to twenty-seven cents i2Tc.) per share -• month, or three dollars and
twenty-four cents ($3.24) per share per year WITHIN TWO YEARS THE OWNERS EXPECT THE
EARNINGS OF THIS COMPANY TO REACH .MORE THAN 4O PER CENT. I TON PRE3E3I
CAPITALIZATION.
Management
The management of the proj.frty I* in the hands of men of thorough knowledge of copper mining. v ---I njoa
long, extensive and successful experience, and whose slmplo. sound and safe business methods have won for
them Baosi desirable repute, especially among the large mining interests of the West.
William C. Greene, of Dlsbia, Arizona. is the President cf the Company, and gives Irs affairs Ms .-:■••
personal attention. Mr. Greene Is a careful, conservative business man. with a thorough practical kmnrlatZsa of.
mining, having SB**! thirty years In the West and most of that time mining, with success. It is due primarily
to his er.trgy and enterprise that this great property has been brought into l*s present desirable c^nditicn. Wftea
In New York City Mr Greene resides at the Waldorf-Astoria Hotel, where he can be seen after business hour*.
The mines are under the personal superintendence of George Mitchell, who Is one of the best itn^wr. metal
lurgists and copper smelter managers in the country, having ha 5 many years* experience in charge of larg«
copper smelters, notably for the Boston and Montana Company at Great Falls, Montana, and for the Ccited
Verde Company at Jerome, Arizona, at both of which places he introduced new ar.d valuable improvements, la
creasing largely the capacity of the plants and reducing expenditures. Mr. Mitchell, who. by reason of hU •*-
tended experience, is well qualified to judge, states that within three years this property, witn
proper equipment, will be the larjcest copper producer In the world. Mr. Mitchell &*•
Invested his own money In this proposition and Is one of the IMrectors of the Company.
Technical Status
George A. Trea.lwell, who for Inflexible integrity and thorough technical and practical knowledge of ecpr"
mining enjoys an enviable reputation both at home and a^r >ad, over a year ago made a favorable report ttpoa
this property; has since then watched Its successful development closely, confirming his favorable option; mi
has not only recently become a large stockholder, but also an i nicer of the Company. .Mr. Treattwell cola
cides with .Mr. Mitchell In the opinion that this Is the larsrst copper property knows
in the world. Incidentally, It was Mr. Treadwell who first brought to the attention of the mining world t5»
value of the great I'nlted Verde Mines, he having erected the first smelters upon them and Bupertntfr.ie-J Bsi
property for several years. These mines are now controlled by Mr. William A Clark. Th- par value of tfe»
stock of the Company mentioned Is $10. In ISJ>3 this stock sold at $1 per share. There Is now a ready demand
for It at $300 per share. Mr. Treadwell resides at Jerome, Arizona, and lbs WaUlcrf-AstCkrla Hotel. New Xat
City, where he can now be found. His report Is on file at the office vt the Company.
Legality and Validity
The legality of this Company's organization and the validity of Its titles have been certified to by Let* 8 *
Dataoad A Harby. Attorneys at Law, 27 William Street, New York. Mr. Walter S. U»gsn. the head of '■-•
firm, well known a* counsel in many large business affair*. U the Company's chief legal adviser. la Ui!»
capacity he has bee,- me familiar with the great values Involved, and as a result has become largely financially
interested In the C m;.an\. an.l will serve it as treasurer and director. The legal opinion covering the case St
on til' at the office of the Company.
Other Properties
Thai the render may fully understand the force of the opinion of the technical men named heretofore. id at
the (iinuni'ii .Mines comprlne the larKCNt copper property In the world. we append ♦-•»•
particulars concerning the leading copper companies:
" I t" ~ 1 [ Highest
1 Par Value 1 Market Valut
Company. Capital. 1 Of Dividends ! of Stock
! shares. Paid. f Purr Year
i I !
Anaconda (Mont. > > $30,000,000 $25.00" | |».290.00( $7l> 00
U.«t..n .v Montana (Mont.) a.7.V>.««»0 '.."..«> J>..n7MVO Smm»»
Calumet a Hecla (Mich.) ■_ > ..'Vi«>.i»>" 25.U0 a>.830.001> BUS.W
rutted Verdi lArts.) S.OSA.OW 1 •<» ItUW.tW £££!
m Tin ■ (Spain) :ut:"l^L: 25.f1«>©,1W _ -.'•'*> (not public) _ - > '-
BOISO (Mexico), .»ne.| by Rothschilds - , •>.»,,«•
it . Ulli'tlon. IV,H» ............••.••••• •» - 33 A n>tH'tt
Net profltß. !»".. • •.•»«•'•
Copper Queen (Aria.), controlled by fbabja. Dwsga .<.- <"•■. N.Y.- 2.200.CV*
With tba foie«. : Ins array" oil ' enormous cupper "tnteri-sts '" dtrrollV " under th* reader's • t | ? ". t ££
WE REITERATE THE STATEMENT that the ■Vsitsaaa Mine* when developed will surpass In extent aaa n«.-~
lie-in the in Ht famous Bainta In the world." »••.,— which
l-un-M.iii.TS of stock In this Company have the great advantage of : •■■ < Interested In a PJ2"™** I ~|LZ->2
th« sMai dividends are yet la come Insttsd if In propertj Cross which large dtvlaaada have alr#ady twea •*-'
Method of Introduction
Inttend of altemptlna to Introduce th« Canuneu Mines to the public through aiussotots and u JJ J * rw ft !!Jf a *3i
dlcatos, upon the bSSSJ of BaSSSbbi earning value which. In a laaasMssi time and with development, will no *-
tweh the sum of i,
ONE HUNDRED iIILLIGN DOLLARS _ .^
the owners, after having acquired this vast property and opened It up to a. heavy earning power with » " to,
•upply of rich re within reach to keep a plant of a dally capacity of « thousand tons ™™ l ataaasor^^
years to come upon a Unsu beyond any compe<'t u>ri now known, arc now lnvlt!n* eo-operauon m <~*v>
a Saab] of entire falisaaa is the attestor, revering, n .
I'lrat— \ lon intrinsic vnlue of the property. thus affording a aoaad bail* f.-r ln^*J"l a| de-
Seton.l— protlt up,. 11 the ••«• meat In present earning* from prc»c
vrloiinirut) nml In the are,., Increase In pr 0,,,, and !«■ . i««rlii»le mine •*
1 i.lr.l— Piirltclpullon In tlit- Rrei.t ln.re««e In pr.»llt» aud In th. t.
the iiruprrl). which must lu«vltably result from its continued de\ elopiueni.
Addrea* all lubscrtptlont to the . , x ,
GREENE CONSOLIDATED COPPER COMPANY
27 WILLIAM STREET. NEW YORK.
• j
financial.

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