The Washington times., 1901-07-01

| T.. ST. L. * " pfd.. S6 SO 80
kun. Bag X P......... l7Fs Il I7% +l7s
! Union Pacific lll2s 10 Iuls + 4
Union Pacific pfd....... 9lA a1 9iA r 4
! XU. $. Leather. IA u l4h = 9s
| xU. : Leather pfd..... 1919 1915 7els r X
L. ; ku6Def....'.''.. ~ rs ~ =
l. : Stcel...-.......... 49bs 49Ss 4912 r 4
L. :. steel pfd......... 99& 99}s 9924 = q
Wabash :,,...'......... 2$i2 q 23R .
Wabash ptd---...-...... 442s 4352 449s Tltt
Western Union Tel. 937s 93I2 g37s r Il
VII X l. E......-..... 203s 29Is 29l2 =
W. & /. f. l pfd. - s. IS - Il
Wisconsin Central...... 25j5 p 25B + i
1Increase. Decrease. xUnlisted.
NET change from opening price. Stock dealt
in for the first time today.
Total sales. S01,544 shares.
Government Bonds.
Bid. Asked.
U. S 2's, R. loOo-so. Q. J......... lo7 los
I. 5. IS c. l95o-80, q J........ Io7h Iosh
g. g. g, R, R. 1oSs. lSSs r { c F. iSs iSs 1857 1872
L. 5 as. 1905. Q. J-.........-... II2H il3
U 5 IS, 1907; e: J......-........ li5H ilih
= 5 4's r. lg25.....-.--.-..... ISg l40
I. :. As, c, 1875. l59 i40
I. S. SIS. r. l9Oi.................. 1Os5i I0JH
L. s 5's c. 1903. Q. F...........- hs4 lo5s
---
The weeks averages of the New York
banks compare as follows with the same
date one and two years ago;
1901. 1900 1s99
Loans SS92 3SI 300 sos 46S so S7s6 sS4 600
Deposits 97I3s2.01o SIS, 2i93OJ 505 III, so
Circulation o.. 81, 535, $50 23,l24 700 1855, go
Specie ....... ~ 81 zoo l6567g.000 IS2 900 100
Legal tenders 79,olS 100 12,242,lo 5S,0Jo, 400
Total s25l. 800 200 sos 921. 200 $40 800
Res. req'd... 2i2,s4jjO0 Do ,32j 226 PSI, $50
Surplus res. IS, ,200 s1gs5g,S75 s14,274,55O
In the current week Of 1900 cash holdings
increased Sb49, 200 loans decreased 81, ,55G-
$40, surplus reserve increased 81, ,332, ,525.
In leS9 cash holdings decreased SlZ, ,3S2,-
go, loans increased SS,Ol5, 900, surplus re-
serve decreased Xl1 4Z3, $50.
In 1888 cash holdings increased s., ,939. 600,
loans Increased SS,3S4, 200, surplus reserve
decreased Si9Z, 100.
The three specially interesting accounts
in Saturday S returns compare as follows
with the same date in preceding years:
Sur. reserve. Total reserve. Loans
lS9s.... SC2 0l3. $50 S249, ,532 200 $500 9s3, 500
ls99....... 4lSsi,sl5 l92, 500 53i, I07,590
IsgG....... 20, $50 l45,O9OOJO 476, l99, 300
1s15.-..... 81, 1890 ia, ,642c00 5l3, ,G04, 100
ls94....... "A, ,s0s,S50 2ls,lS7,so0 47o,044, 100
The Chicago, Milwaukee and st. Paul
reports for May:
1901 1900 1899.
Gross .......... s8, 23l, POI s9lOs65s 5000, 946
Net ......... ssl8,os3 $o93,5oo sa6l, ,4ol
The showing is a fairly good one, but
not OF the wonderful character that
should by right accompany the fine price
of the stock. II will be noted that while
the net earnings have increased $4,000
over last year they are Sac, 900 less than
the net for the year 1883
The close of the first ha of the year
finds the iron and steel industry in a
very strong position undo Ibtedly. The
labor demands for higher wages will
ftyaTrr all -,
entire basic and Bessemer productive ca
pacity Will be sold up within ten days for
the third quarter OF the year. Another
advance in structural material is sighted,
IN consequence Of the placi e Of orders
within few days for 10000 .5ns of ma
terial for shipping and office-building
construction These orders will probably
be extended TO 100000 tons before the mid
die Of July. Feverish conditions threaten,
and large consumers may decide to place
very heavy orders, a policy fraught with
elements Of danger just now.
Plate mills booked orders last week at
an advance on early deliveries. and at
fun prices on late deliveries The convic-
tion is deep enough that capacity is equal
TO demand, to prevent an upward rush Of
prices. Sheets are very active. Bllets
have advanced, and are S2l late $3.50
early delivery at mill. Tube orders are
overCrowding mill capacity, and Texas
requirements are spreading out. Western
orders for cast pipe crowd Eastern mills.
i lLlSlE4 iron ana steel require HGHIS are
again looming up 10 enormous proper
uOns. including all supplies entering into
hardware manufacture. implements, and
vehicles. tools, and electrical equipments,
and oil well supplies. To all surface ap-
pearances, consumers are getting trife
alarmed over the situation. and straws
point 10 the development Of a de-
mand in July. all along the line for every
product Of mills and furnaces.
The recent buying of Sugar has been of
good character, and 1t is rumored that
since Mr.. HaVemeyer return the inde-
pendent redueries have been brought into
line and Will probably be absorbed against
an issue OF new stock. The company. al
any rate. is doing a better business than
il has ever done before and the recent
buying indicates that insiders think a re-
turn to a higher dividend level probable.
The rumor that Southern Railway pre-
ferred viii be retired is in circulation
again The theory is that the company
could afford TO replace a ; per cent pre-
ferrcd stock by a 4 per cent bond il earn
ings required the payment Of a per cent
dividend. II is supposed, Furthermore
that should this scheme be carried out il
would AFFORD opportunity for profits in
Southern Hallway common, as its real
value would be improved 20 the extent OF
y per cent. while it's sentimental value
would be improved more, as being enti-
tied to al earnings IN excess OF fixed
charges. Wall Street believes that on
the return of J. p Morgan there will
be an important move in Southern Rail
way.
There IS a revival Of talk about South
western consolidation. stimulated by the
strength in Missouri Pacific and other
reads interested Wabash and St Louis
Southwestern are coming in for special
mention. 1t is said that the latter Is
earning per cent on its preferred stock.
Reports are also current that Chicago
Terminal Transfer is In the deal The
runor that George J. Could will r6sign
the presidency Of the Missouri Pacific TO
take the cEairma nship on the boards Of
directors Of the various Gould systems is
an Indication along this line.
BALTIMORE PRICE CURRENT.
Wholesale Provision and Grain
Market Quotations in Full.
L 1 Il l..