The times., 1901-04-22

q
which there were dealings Here are the
most active twelve:
Shares. Change.
Amalranated Copper......... $50 Adv 10
Union Pacihc....-...,........ C22. 100 AdV 20
Frie .......-.-............ 4SO.570 Adv x
St Paul. Observation-Disclosures. l25 Adv AZ
Atcbjeou observation-disclosures. 423 61g ADV. +34
United states Steel........... $50 so Dec a
burlington ........ 33S qil Adv. 2is
SY7cItina and Rcfninr....... 800 gss Adv. g
S,,.r,r 27g1SO Adv. Ia
Northern Pa.ifc.-............ 2Gl ,920 Adv. 3i2
uitcd States steel pid... 229.s49 Dec
Brooklyn Rapid Transit......, 224,4Io Adv "a
The important changes in the principal
items Of the New York bank statement Tor
the week We're as follows:
Surplus '......... Inc 80 gs5'-fo5
Loans Iee- 80, 80
specie Inc. 5ot2'iVo
Legal me as GA
Deposits OBSERVATION-DISCLOSURES. DEC 49, 80
Circulation Observation-Disclosures. Dec. -1''''
The following table shows the condition
of the New York banks for the past week
as compared with the statement Tor the
previous week:
April Is. '01 April 20, OF.
Loans $500 y56'G9 $50, 90 '595 90
DEPOSITS .........-.-... g69 2s9.200 800 zOl ~,
Spccic ................ Is0.6l2. 100 s5.6S4,2 200
I,rgl tenders .......... 69.Bls, 800 7l,03s.20o
Circulation .............. 3i,4I9,co0 Sl,Ao4'lV
The following shows the relation be-
tween reserves and liabilities:
April IS 'Ol April 90 '0l.
Srr.ia $50 642. 100 SlS5,Gs4 200
Ir,,l tenders . 90 Ole, 400 Il, OBS, ,29)
Total reserve ...... $3.50 560, 500 $3.50, ,722 400
Reserve required against -,,, ,o,
Surplus of reserve over s,,,oo
a5 per ccnt............. s., ,a8s, 200 s14,922 100
1t will thus be seen that the surplus OF
the reserve above the p per cSCt required
by law is l4,922 100, or $6,9S3 goo more tlah
il was for the previous week. in the cor
responding week of last year there was
a surplus of Sl4,Sgi. sou, while for the same
week of 1893 there was q surplus OF $-4'-
1.5.Sog. in 1895 there was surplus OF S4o'-
525,lgJ; in 1885, there was surplus OF S4o'-
90b,yoo
J. c. Osgood, President Of the Colorado
Fuel and Iron Company, sad SATURDAY
night he had carefully looked over the
stock books of the company, and that he
( and his friends still hold a controlling
! interest in Colorado Fuel and Iron BoJn
John W. Gates and John Lambert have
( bought very heavily in our stocks, but
I still have the control here, he said
touching the table with his thumb. i
am very glad, however. that among our
I Iarets stockholders we have such men
as John Lambert and John w. Gates.
( Roth Of them know the steel business
thoroughly. and they viii be a source OF
! strength TO our company. Mr.. Gates ana
RIr. Lambert may own more stock than
4 do myself but they positively have not
; secured control. / do not think Mr. Gates
( has sold his holdings in United states
: Steel Corporation He is very confident
. of the future prosperity of that company
We viii not compete with the tnlteO
( States Steel Corporation. We have lit
tie dominion of our own to attend TO-
and our products viii not come in com
2 NO with those d ne big steel com
! panN When our blast furnaces are nm
/ ishe0 our output Will be quadrupled, and
we propose TO find q market Tor the sur
& pluS raw materials by turning them into
the finished materials. That is the rea
son we are building rod mills, tin plate
/ mills. and sheet plants. We have q Vas'
/ market for them many miles from the
/ customers OF the United States Steel Cor
poration.'
There seems to be little doubt that the
] Standard Oil Company is to undertake
/ upon a large scale the development ol
/ copper properties in the South as wei
as in the Northwest. The AmaigamateC
! Copper Company, popularity denominateC
: the Copper Trust, seems ready to aDSorl
practically all of the important properties
Z of the country, and in the list are th'
l Southern companies quoted IN wal
! Street: The Tennessee Copper Company
and the Union Copper Company, of Nortf
( Carolina. The son Of one OF the mos
! important Standard Oil magnates has be
4 come a large stockholdeT in the latte
property
There was a striking advance on Sat
! urday in the common stock OF the Chi
caEo and Eastern Illinois Railroad. Their
/ is a probability that the control of tn
road Will change hands. Control now i
held by a few persons. who believe tina
they can secure their own price for thei
! holdings Considering the company
merit its capitalization is small. 1t is il
| splendid physical condition, and it's earn
ings from the natural development o
! traffic are rapidly increasing. Anothe
| feature Of value is the fact that the roat
has an excellent entrance into Chicago.
There have been heavy dealings in ST
! Louis Southwestern second mortgage in
come 4 per cent bonds as well as in tn
| stocks of the company. The bonds ha
been favorites Of the investment seeker
and have shown great strength and &C
I tivitV This is due not only to the gen
eraI belief that St Louis Southwestern
I is to play very important part in IN
| great Gould-HarTiman combination q
/ Southwestern roads, but to the remarka
! bic Increase ia earnings which ST. Boui
] Southwestern has shown in the last yeal
/ In the first eight months Of the com
( Iany s year the net earnings were sui
/ hcient 10 pay all interest and othe
4 charges for the whole fiscal year and hav
I balance OF over 5000 90 on the pre-
ferred stock on the eight months receipt!
With such Il showing and with earn
J
prising II the company report per Ger
earned on the common shares IN the i9
year An early dividend on the preferre
shares could. therefore. be conserva ativel
declared boy the directors. Such declars
[ tiou will enhance the company's credi
and while improving the position Of II
! stocks most directly. is bound 20 be n
. ( hected iu further appreciation by the gel
I eral investor Of the merits OF the con
: ! pany bonds. The financial organizatiC
I Of the property Is very simple. Texs
laws require that each company Operatir
, in that State shall maintain a separate o.
, / CanizatiOn there. The St. Louis Southwes
; 4 ern therefore is divided into two con
panies legally, one comprising the Tex
! lines. and the bonds Of these two cor
: / paules are deposited for the bond cert
I fic3tes outstanding IN which dealings a
= made. There are only two main bond
! sues. the first mortgage for 500 600 az
the second mortgage fer $4,000 600. II
: last 81 600 900 Of the latter having iu
. been issued. The only other capital ou
standing is 1883 90 Grays Point Termin
< bonds and s74l s63 equipment trust not
outstanding on December 81 besides q
! / stock
BALTIMORE PRICE CURRENT.
Wholesale Provision and Ora
2 Market Quotations in Full.
= BALTIMORE. April 20.-Foliowing p
Z sv.