Full text of Commercial and Financial Chronicle : April 19, 1902, Vol. 74, No. 1921

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Street Railway■Supplement (S A n
mimilfy
Stale and City Supplement

(Quotation -Supplemenl (miuj
om
)
Investors Supplement (g ie )
w riy

[E n te r e d a c c o rd in g to A o t of C o n g ress, i n th e y e a r 1 9 0 2 , b y th e W il l ia m B. D ana C o m p a n y , in th e offioe of th e L ib r a r ia n o f C o n g re ss.]

VOL. 74.

SATURDAY, APRIL 19, 1902.

Week ending April 12.

3$te (g/hvouidz.

Clearings at—
1002.

PUBLISHED WEEKLY.

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W I L L I A M B . D A N A C O M P A N Y , P u b lis h e r * ,
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P ost O f f i c e Box 958.
NEW YORK.

CLEARING HOUSE RETURNS.
The following table, made up by telegraph, eto., indicates

that the total bank clearings of all th e clearing houses of
the U nited States for the week ending to-day, A pril 19,
have been $2,584,300,155, against $2,331,901,771 last week and
$2,881,409,246 the corresponding week last year,
Clearings— R eturns by Telegraph.
Week E n d in g A p ril 19.
Naw Y o rk ....* .......... . . . ....... . ............
B oston........................................................
P hiladelphia.............................................
B altim ore........................................ ....
Chicago......................................................
8t. L ouis..................................................
New Orleans............................................
Seven cities, 6 days ........................
Total all cities, 6 days......................
All cities, 1 d ay........................................
Total a ll olties fo r w e e k ..............

N ew York.................
P hiladelphia............
B altim ore.................
B u ffalo......................
W ashington,............
A lb a n y ........ ...........
ftoch ester ...............
Byraonse..................
Scranton...................
W ilm ington.............
Bingham ton.............
Chester ...................
Breen«burg .............
W heeling W. Va...
Wilkes Barre..........
Total M iddle........

T o ta l N ew E n g ...

Chicago..............
C incinnati................
D etroit......................
C levelan d ....... . . . . .
M ilw aukee...............
C olum bus................
Indianapolis............
P e o r ia ....................
T o led o.....................
Grand R ap id s........
D ayton ...................
E v a n sv ille...............
Y oungstow n. . . . . . . .
Springfield, 111........
L e x in g to n ...............
A k ro n .....................
Kalamazoo.......... .
R ookford..................
Springfield, O hio...
C a n to n .....................
J aoksonville, 111. . . .

Mansfield.........
D ecatur.....................
Tot. Mid. W est'n.
San F r a n c isc o ......
Salt L a k e C ity........
Portland ..................
Los A n g e le s ........
S ea ttle................... .
Spokane....................
Tacoma.....................
H elena....................
Fargo.........................
Sioux F a lls.............
T otal P aolflo.........

1901.

81,424,299,313
120,633,553
100,264,479
21,935,270
147,405,329
50,592,987
11,170,843
$1,870,307,774
257,931,308
82,134,289,082
460,011,073

$1,741,285,289
121,113,053
103,980,839
22,710,870
128 764,897
37,772,780
9,591,950

$2,391,267,847
490,141,399

-18-2
—0'4
—3-6
-3 4
+ 191
+33-9
+16-5
-13-1
+ 11-7 K an sasC lty.. . . . . . . .
Minneapolis........ .
-10-7 O m aha..................
- 8 2 St. P a u l.............

82,684,800,155

$2,881,409,246

-1 0 3

$2,160,220 228
23 L
.047,619

P . Oent

Week ending A p ril 12.
1902.

B o s to n ..........
P ro v id e n c e ..
H a r tf o r d .......
New H a v e n ..
Springfield....
W o rc e s te r....
P o r t la n d -----F a ll R iv e r....
L o w e ll............
New B edford
H o lv o k e ........

1903.

The full details for the week covered by the above w ill be
given next Saturday. We cannot furnish them to-day,
olearings being made up by the clearing houses a t noon on
Saturday, and hence in the above the last day of th e week
has to be in all oases estim ated, as we go to press Friday
night.
We present below our usual detailed figures for th e pre
vious week, covering the retu rn s for the period ending w ith
Saturday noon, April 12, and the results for the correspond
ing week in 1901, 1900 and 1899 are also given. Contrasted
with the week of 1900 the to ta l for th e whole country shows
a loss of 21'1 per cent. Outside of New York th e decrease
from 1901 is IT per cent.
Okortna* at—

1908.
1900.
1899,
P . Oent.
$
1,536,M0,091 2,143, I l7 ,450 —28-5 1,080.414.174 1,424,805.208
100 047,399 110.043 911
- 4 ’8
07.831.100
80.087 035
42 401 5J )
W
58 222 043 -20-8
29,874 371
28,209,107
84,150.615 -86-0
88,004 544
82,880 887
6 517,024
5,488.067
+5-3
4,825 780
4,898 206
4,214,127
2,707 900 +62-3
2,804 420
2,818.100
8 033 644
2,088 550 +12-8
2.652,209
2,425,052
2 0«8 377
2,105 433 +20 "
7
1,904 919
2,023 572
1,108 321
-+H
1,007,291
1,178.807
1,072 537
1,862,212
1,188 587 +14-0
908,513
1,080,457
1,049,608
1,004 823
+4-5
058 423
898,057
872,500
310 400 + 177
875,900
889 000
440 317
250,000
848 425 +23-4
278 77)
897,151
488,920
-9 -8
205,000
245,085
725 191
008 844
+8-6
385,211 N ot Include d In to t al.
1,727,081,004 2 304,402.786
. 20 V 1,220,019.984 1,000,007,149
)
1901.

NO 1921.

D avenport-..............
Sioux C ity................
T op ek a......................
F rem o n t..................
Colorado Springs...
T ot. o th er W e st..

Richmond.................
Memphis...................
A u gu sta....................
Fort W orth..............
Birmingham............
M aoon.......................
L ittle Rook..............
Chattanooga............
Jacksonville.............
Beaum ont................
T otal S ou th ern ...
Total a ll.................
Outside N. York..
CANADAM ontreal.......... .
T o ro n to ....................
W in n ip eg..... ..........
H alifax........... .......
Hamilton..................
Ht. Joh n ....................
V lotorla....................
Vancouver...............
Q uebec.....................
O ttaw a-....................
T otal Canada.......

*
187 270,882
6,870 800
8,102 548
1,057,302
1.445,790
1 546,241
1.304,552
1,081,217
B37 449
080,184
420,071
150,010.017

1001.

1902.

P. C«nt.
$
-1 8 '3
167,810 084
+5-8
0,499 700
-4 -0
8,232 150
+83-7
1.003,691
—8-2
1.597,603
+7-0
1,480 120
+12 7
1,210,204
+88'8
811,192
—
7*1
678.888
+ 867
616,728
+38*8
314 700
-10*0
185,010,010

1900.

1899.

$

*

122,819 643
7.722.900
2,183.330
1,297.125
1,378 939
1,212,421
1,185 772
701,641
600,703
400.609
295,880
189,813,886

137,008,081
0 876400
2.777,219
2,075,940
2,104 381
1.728,278
1,638,518
821,163
875,024
048,391
280,000
150,788,571

+10-8 124.588,071
102,317,788 147.173 849
1753570!)
+7T
19,080 460
20,594,000
7,947 208
-10-9
10 040 805
8,947 075
4-7-5
10,856 281
18.461 629
14,402.260
+10-3
5,888 194
5 578.142
0.484,974
+320
6,13! 600
0,497.200
8 575 300
+82-0
2,807 909
8.470 873
4,588.022
+35 9
2,049 314
2,180 418
2 972,791
2 074,809
+17i
2 804 980
2.099,320
-6 -9
1,178.082
1 440,952
1.S41 318
1,407.180
—1-1
1,510 810
1,499,660
990,250
+ o-i
1,034 830
1,086,416
+0°9
440 211
020 940
026 837
+326
408 892
486.278
044,077
+8*7
363,246
634 948
588.050
+8-0
450.000
661,200
009 800
+68-7
484.942
811 2U
624 850
+1*9
894 180
424,712
485,030
825,630
-5 -8
420,438
405,528
+50-0
279.938
607,297
404,851
+81-5
135,920
100 774
211,501
+2-5
270.000
286.053
292,412
+27-2
206,700
187.753
201,089
+80-9
809.079
115,801
+21*8
07,976
82 784
60.000 +849-8
65,000
269,876
201.155 N ot Include d In to t al.
+106 186 868,431
241.333.760 218,497,037

124.037,604
14,950 250
7,541,948
9,078.150
4 875 848
5 011900
2545,740
1,051 489,
1,646 528
1,222,945
1,055 789
918,892
828,135
380 469
400.638
4 15 800
826 805
328 871
821,719
202 808
120,000

85.328 123
8 831,596
2 917,282
4,099 582
8 088.939
1,658.082
1,170,168
628,489
885,823
846117
48,305.301

21,552,410
2.700,964
2 017,200
8 611,944
2,485 400
1,110850
1,084,048
818,942
340,206
230,818
86.677,884

+17-5
+17*1
+44*8
+88 9
+22*2
4-48'5
+18 8
-8 0 1
+108
+60-0
+20*r

19,698.081
2,641 928
1.938 945
2,717,104
2,105.912
1,120,900
1,070,864
041,611
305 634
389,975
32.497,187

170,801,048
19,498 851
2.103,837
l 631,770
8,007,378
l,801,0o8
1 089,798
058111
462,715
877 038
186 869
29,007.034

+50
15,410,018
10 890,576
11,883 239
17.743,847
-1*7
8 614,578
8,287,760
10,978 086
10,702,308
+ 204
0,427,556
4 248,078
6,068 830
7,178 408
+10-8
4 040,022
8,609,001
8,580.169
5,117.721
-16-9
4,060,332
5,135,000
2.536,171
4,209 355
+15*8
4,740.488
8 047.045
8,440,718
4,215.820
+20-6
1.720,078
1,484,155
1,607.034
2 183 947
+17-5
936,515
957,827
1,089,244
712,110
+19-9
1,182,490
1,249,087
1.497,085
015,588
+30-7
1,101,251
831.118
468,194
1,618,497
+8 3
587,041
554.781
420,386
572,818
—0’7
129,952
180,898
127,411
93548
—17-2
600,000
726 000
+5-9
50,918,602
63,744 686
30,040.108
47,681084
+12-8
44,662,058
85.908.288
82,870,610
60 884 212
-7*6
14 448.074
8 032 829
7 971,027
18 807,278
+18-0
8 070 203
8,108 085
8,198,494
9 801 853
8,441.000
+1*2
2,595 000
2,950,075
3,484,000
+85-3
0,000,000
8,287,817
2,982 002
2,619,570
-0-6
2,986,178
2,908 201
8,998 867
8,052,236
+20-4
3,870.187
3 882 748
2.080,184
4,845 955
2 029 801
+17*1
8,430 839
2,286 500
1,703,735
+9-7
2,101.743
2.870,521
1.054,786
1,882,018
+0-4
1,733 937
1.740 101
1,401 194
1,208,596
+14*9
1,404,945
1.274,288
1,501,869
1,137.159
1,205,011
1.631.495
-28-8
747,700
948,884
598,145
+24-9
740 571
083,989
539 302
1,255,000
1,148,491
+9-7
754 031
898 446
1,097,723
1,070,000
+2*0
810 000
047.410
690,000
-1-8
588,000
581 000
543,000
908,702
+42-0
030 944
681 044
440 230
430 053
600 922
+10*1
872 842
811 107
492,032
804 141
+48-8
289 B82
244,318
888,210 N ot Include d In tot al.
+11*4
95 743+77
77,04 L760
09,019,054
1( 0,052,681
—21-1 1.712 622 247 2,010 583,824
2,831.901,771 2 958 942.134
79&.70L08O 805,094.075
-1*1 033,107 978 046,197,959
16 000,106
27 172 005
18,400 809 +101*8
8,615 508
+04-5
11,870 890
19,522 224
1.700.207
1,884 800
+68*2
2,690 207
1,581.713
+10-2
1,341.000
1,770 684
-12-4
721.002
800 060
860,222
000 124
+11-0
072,806
747,201
-1 4 0
017 140
017.032
630 060
910.83a
810,385
857,049
+6*1
d In tot al.
1,890,013 N ot lnolude
1,909,950 N ot lnolude d In to t ul.
+71*7
89,053.583
81 646 810
64 158,762

14,942,050
9,057 630
1,054,717
1,138,053
700 998
698 700
968 690
947,008
29,998,810

800

1HE

CHRONICLE.

T H E F IN A N C IA L S IT U A T IO N .

The Gates venture seems to have been a most
wonderful affair and its final outcome an achievement
most creditable to those engaged in bringing It about.
The entanglement promised at first to involve the
publio somewhat after the manner of the Northern
Pacific dilemma, but was so wisely managed as to pre
vent even a ripple on the surface of the market. We
are not surprised that Europe should think a business
environment wholly unsound which could give birth
to such an episode, and that our people are conse
quently faoing a troublesome catastrophe.
Financial circles here know that such a forecast is
not correct. An unprecedented industrial develop
ment has been and still is in progress; it is based on
the wonderful resources of the country left in large
part fallow for many years, enterprise all that time
being held in bondage to a fear of currency instabil
ity. The people having at last got free to work with
energies unfettered, naturally enough production
and consumption began to increase at a mar
velous rate. There was no piling up of stocks
of any th in g ; on the contrary, all sorts of
raw material and manufactures were being put into
active use as rapidly as they could be turned out,
making reproductive what was brought out of the
soil, the mine and the factory. At present there
seems to be abundant evidence of uninterrupted prog
ress along the same lines. All this being true, a
highly speculative spirit was a natural growth, being
encouraged and stimulated by the wonderful trans
formation of industrial affairs from a moribund state
to full health and vigor, with success attending every
venture. Latterly, however, the force of the first
stage of extreme change—the resurrection period, we
may call it—having been spent, the public has by com
parison become somewhat conservative, operators being
more wary, and as a rule confining their risks within
much narrower limits. Mr. Gates's undertaking might
possibly have wholly succeeded twelve months or more
ago. He waited until the tide had passed the flood,
when such a tem pting of fortune had become nothing
less than inconsiderate rashness. That he has saved
a part of what he claimed, was due no doubt to the
wise discretion of the firm whose co-operation was
sought.
So far as we can understand the situation, the at
tem pt of Mr. Gates and his friends was not a fully de
veloped plan to obtain control of the Louisville &
Nashville property. The company had authorized the
issue of 50,000 shares of new stock and the manage
ment had sold the stock short, th at is previous to its
being listed. Having learned that fact, this body of
speculators sought to make money out of the
management by buying the stock afloat and so
preventing delivery except at high prices. There
upon followed an event exactly on all fours with Mrs.
H arriet Beecher Stowe's deacon, who “ bit off more
than he could chaw;'' that is to say, the organizers of
this raid found themselves struggling under a heavy
load and facing a desperate situation not anticipated.
In their dilemma, fortunately they knew where
to go. They had been a party to dealings with J . P.
Morgan & Company before. Besides, they had no
doubt heard of Mr. Morgan's skill as a rescuer. P ass
ing all other lesser occasions, th at page of history
never can be blotted out when the country was on the
ragged edge of the silver preoiplce, when confidence

[Y ol.

l x x iy .

was gone, when fear reigned, when foreign exchange
was way up, when gold was flowing out in a flood, and
all the gold left in the Treasury was being prepared to
leave the country within twenty-four hours—no one
can forget how when this climax was reached the
President called upon Mr. Morgan for help and within
an hour after he had received authority, the marvel
was worked of a oomplete restoration of confidence, a
change in the foreign exchange market, and a rever
sal of the gold current. We hardly need add that
Mr. Gates and his friends were rescued.
Month by month the Government trade figures are
disclosing with added clearness a material change in
industrial movements ; it is an irresistible drift away
from that recent state when a large body of our peo
ple were congratulating themselves that the United
States was sure to press ahead of all rivals and take
the foremost position among those engaged in the
world's commerce. That dream is for the time van
ishing, and these trade figures are a tell-tale record of
the movement. We hope it is only a temporary flight
—a forced position which will not last. Let us see
how the case stands.
There are reasons which can be advanced for the
belief that this change is of brief duration. A
loss in exports has followed short crops and hence the
argument is that with large crops the old position
will be regained. Taking our usual compilation—the
aggregate production of corn, wheat, oats, barley and
rye—the falling off in production reached about 700
million bushels, the loss being in corn and oats. I t
is a plausible theory, therefore, to attribute to this
fact alone the smaller exports. No doubt that view
has a substantial basis, but is only in part correct.
Values the current year have all ruled higher and so
in export figures have offset in considerable measure
the loss in quantities, since in the Government general
compilation of merchandise exports the results are
all given in dollars. Besides, taking the item of
wheat as an illustration, we find, though the yield of
the cereal in 1901 was 150 million bushels over the
previous crop, that, with price above 8 cents a bushel
higher than a year ago, we have marketed of wheat
and wheat flour since the first of July 1901, stated in
value, only $26,192,056, and in quantity only 38,024,177 bushels in excess of the previous season. In other
words, it is evident that there is something besides
short crops that is holding back this cereal.
One may gain some light on the general fact of de
creased merchandise exports from this movement of
wheat. What is it then that has been and is inter
fering with the movement of that item of food? I t is
not a short crop, because we raised a very large crop
of that cereal the past season; nor is it because corn
and oats were short crops, as that fact could hardly
have any effect on the home consumption of wheat.
It is the higher prioe which has restricted the tak
ings of that cereal in Europe and it is the higher
prices ruling that have interfered with the ex
port of other articles so largely. So far as
those advancod quotations are due to pegging or to
any other artificial cause they represent an absolutely
unhealthy condition. To refer again to wheat, we are
of the opinion that its prioe is kept up unwisely, if
there is still on hand tho quantity the estimated pro
duction would call for after deducting the present ex
ports and a sufficient stook to supply home consump
tion until the new orop oomos in. We have learned

A pril 19, 1902.]

THE

CHRONICLE

by past experience that a high price maintained when
European crops look promising can lead to a very
considerable economy in European consumption,
which is soaroely ever reokoned with by speculators.
As a consequence, if price is kept too high, this will
not be the first season when we shall have suffered by
having a large stock to carry over with which to meet
fairly good crops in Europe and probably also a fairly
good crop at home. It w just such a juxtaposition
as
of old accumulations and new supply that brought in
the abnormally low prices for wheat that ruled for
several years not loDg ago.
There is, though, a feature of the high prices which
is for the time being natural, and which we have not
definitely spoken of, that should modify any general
conclusion that might be reached from the foregoing
respecting the cause of a loss in our export trade. W
e
refer to the fact that in a large number of cases the
advancing quotations are due to our enlarged home
consumption. So far as that is the case we are not
permitted to doubt that the present situation is
natural and probably in a short time will, in
a natural way, correct itself. The relief m
ay
come from a decline in home consumption; or if
that is not likely, the capacity for production is in
creasing so rapidly under the stimulus of an eager
demand that the supply promises not long hence to
overtake consumption and relieve the market. With
lower prices ruling exports would be freer, and then
no one would be disturbed by the increase in imports,
which has been another notable feature of recent trade
returns. Mr. Austin of the Bureau of Statistics has
this week made public his trade figures for March,and
we give our usual compilations to-day in our Com
mercial and Miscellaneous News Department. W
e
refer our readers for the details and for voluminous
comparisons to those statements.

801

the price our exports of the metal are again assuming
the usual proportions, and copper iBno longer being
piled up in this country. The statistics which have
been published this week furnish an Interesting side
light on the situation. For March it is estimated that
the mines of the United States produced 24,035 tons
of copper. This does not differ greatly from the out
put in the corresponding month of 1901 and 1900,
whichw respectively 23,384 tons and 23,283 tons. But
as
in the case of the exports avery great change is noted.
In March last year, for the reason already mentioned,
w shipped only 6,818 tons of copper. In the sam
o
e
month the present year our exports have been 20,097
tons. Contemporaneously there is believed to have
been a shrinkage in the imports of the metal. For
the three months ending with March the United
States produced 63,321 tons in 1902, against 67,163
tons in 1901, while for the sam period our exports
e
were 51,226 tons the present year against 25,274 tons
last year. The result is that only 12,095 tons of our
domestic production were left for home consumption
in the three months of 1902, as against 41,889 tons
left in the sam three months of 1901. We present
e
the statistics in tabular form so as to show In agraphic
way the changes which have taken place.
Copper production. ,----------March.— ------. .—Jan. 1 to March 31.—
.
Tons of 2,240 lbs.
1902. 1901.
1900. 1902. 1901. 1900.
U. S. production..........24,035 23,384 23,283 63,321 67,163 65,193
Exports........................20,097 6,818 20,148 51,226 25,274 46,932
R em ainder....... 3,938 16,566

3,135 12,095 41,889 18,261

With a continuation of the changes here indicated,
it cannot be long before a decided improvement must
occur in the copper outlook. We may add that the
European copper production keeps increasing, but
not enough apparently to mar the improving prespect. Eor March 1902 the European product is put
at 8,979 tons, against 7,817 tons in March 1901 and
7,544 tons in March 1900, while for the three months
The Amalgamated Copper Company has this week the aggregate is placed at 24,821 tons against 21,059
taken the third and, it is to be hoped, the final step tons in 1901 and 20,653 tons in 1900.
in its series of dividend reductions. Last October, It
will be remembered, the quarterly payment, which had We referred last week to the annual report of the
theretofore been 2 per cent, w reduced to Per Mexican International Railroad for the late calendar
as
cent. When the following quarterly period came year. This week we have Captain Raoul's report as
around, in January 1902, the rate w cut still fur President of the Mexican National Railroad Company.
as
ther to 1 per cent, and now for April the amount is The Mexican National is a much older property than
made only \ of 1 per cent. The cause for the unfor the International, but its experience has been much the
tunate plight In which the Amalgamated Copper sam
e—that is, there has been an almost uninterrupted
Company finds itself is of course well known. Its growth in business year by year. The only trouble
management for a long time sought to hold up the that these Mexican roads have had to contend with has
price of copper at the artificial figure of 17 cents, with been in the fact that the revenues are in Mexican cur
the result that the foreign demand for American cop rency, while the obligations are in gold, besides
per w reduced to very small proportions, while at which a large amount of the supplies needed
as
the sam time this country became the dumping in the operation of the roads has to be pur
e
ground for large quantities of copper produced else chased outside of Mexico and paid for in gold.
where. The result w the piling up of vast unsold As a consequence a considerable portion of the
as
supplies of the metal, under the burden of which the income is lost in converting Mexican money Into
Amalgamated Company succumbed. The price of American money, and the loss has been agrowing
copper fell to 12 cents and lower, with a correspond item with the steady increase in the depreciation of
ing shrinkage in profits. There is a lesson and a silver. Eor convenience in bookkeeping it w for
as
warning in the experience of this Industrial or merly the practice of the Mexican National manage
ganization which we trust will not be lost on other ment to employ an arbitrary rate of exchange in con
industrial concerns that aim at a monopoly through verting silver into gold (the difference above or below
the maintenance of artificially high prices for their this arbitrary rate being stated as a separate item);
products.
but that practice has been changed and all the items
As far as the copper situation is concerned, while are now converted at the actual rate of exchange.
the price of the metal remains very low, the one en President Raoul in his report shows that this change
couraging feature is that normal conditions in the in the method of treating exchange makes impractica
trade are gradually being restored. With the drop in ble comparison of the 1901 expenses withprevious years.

802

THE CHRONICLE

[V EXXIYY
on..

In the grosa earnings there w a decrease from the and legal tenders increased $1,366,400. This gain in
as
year preceding of $142,172 in Mexican currency. This cash, together with a reduction of $7,256,900 in de
decrease Mr. Raoul ascribes to the business depression posits, and consequently in reserve requirements by
which prevailed in Mexico during the later months of $1,814,225, caused an increase in the surplus reserve
1900 and for the greater part of 1901, He lays stress, of $1,922,225, to $4,571,750; the loans were decreased
however, upon the fact that business depressions are $6,841,600. One noticeable feature this week has
very rare occurrences in Mexico. He notes that a been the receipt by some of the banks of gold coin to
uniform and gradually increasing traffic each year over the amount of $700,000 from San Erancisoe, whioh
the year preceding has been the almost unvarying coin has been sent hither through the registered mail,
rule since the opening of the line. He says those and it is thought probable that eventually nearly all
as
most competent to form a correct forecast are of the of the $4,000,000 whioh w transferred through the
opinion that the experience of the past twelve months Sub-Treasury to Sau Francisco last month will be re
as
will form only a temporary break in the heretofore turned to this centre. Another noteworthy fact w
uniform progress in the business development of the arrival this week at San Francisco of $700,000
Mexico. He points out, too, that recovery from the gold from Australia.
depression had already begun toward the end of 1901,
and that for the first quarter of 1902 the gross Money on call, representing bankers' balances, has
receipts of the Mexican National have increased loaned at the Stock Exchange this week at 6 per cent
$132,000 over the corresponding quarter of 1901.
and at 3£ per cent, averaging 5 per cent. On Monday
The Mexican National forms a very direct line from loans were at 6 per cent and at 4£ per cent, with the
the United States to the City of Mexico, and under bulk of the business at 5 per cent. On Tuesday trans
the physical transformation whioh the property actions were at per cent and at 4£ per cent, with
is now to undergo it ought to have a decidedly promis the majority at 5 per cent. On Wednesday loans were
Ing future. As our readers know, the present com at 5^ per cent and at 4 per cent, with the bulk of the
pany is to be replaced by a larger company called the business at 5 per cent. On Thursday the tone w
as
National Railroad Company of Mexico, which is also easier on the announcement that the Louisville &
to absorb the Mexican International. The gauge of the Nashville incident had been closed by the placing of
road is at the same time to be changed from narrow control of the road in the hands of J. P. Morgan
to standard, the work of making the change being individually, and transactions were at 5£ per cent and
already under way. This will greatly enlarge the at per cent, with the majority at 4 per cent. On
-J
capacity of the system for doing business and add to Friday loans were at 4£ per cent and at 3 per cent,
-J
its revenues. Captain Raoul has for years laid stress with the bulk of the business at 4 per C
8nt. Banks
on the necessity of providing funds to strengthen the and trust companies have loaned at 5 per cent as the
lines for the economical handling of traffic, and in minimum, though some maintained 5% per cent early
sisted that the gauge would have to be widened in in the week; then there w some apprehension of
as
order to enable the system to maintain its position in trouble growing out of the Louisville & Nashville
competitive traffic. He is therefore to be congratu deal. Time loans are in only moderate demand,
lated that through the financial readjustment ar while the offerings are liberal, and rates are 4 per cent
ranged by M
essrs. Speyer & Company and Kuhn, for thirty to sixty days, 4f percent for ninety days and
Loeb & Company the needful changes are being made 4£ per cent for four to six months on good mixed
with all dispatch.
Stock Exchange collateral. The supply of commer
cial paper is fair, and the demand is chiefly confined
There w no change in the official rates of discount to Eastern buyers. Rates are 4^@5 per cent for sixty
as
by any of the European banks this week. The prin to ninety day endorsed bills receivable, 4f@5f per
cipal event of the week was the announcement in the cent for prime and 5^ per cent for good four to six
British Parliament on Monday, by the Chancellor of months’ single names.
the Exchequer, of the budget statement, about which
we have written an article on a subsequent page.
The Bank of England minimum rate of discount
Wednesday the prospectus for £18,000,000 of the new remains unchanged at 3 per cent. The cable reports
British consolidated loan of £82,000,000 was an discounts of sixty to ninety-day bank bills in London
nounced by J. P. Morgan & Co., Baring, Magoun & 2f per cent. The open market rate at Paris is
Co., Drexel & Co. of Philadelphia and Kidder, Pea 2f per cent, and at Berlin and Frankfort it is
body & Co. of Boston, the bankers through whom If @1! per cent. According to onr special cable from
subscriptions will he received in this countryj which London the Bank of England gained £449,300 bul
prospectus states that the remaining £16,000,000 of lion during the week and held £35,693,962 at the
the loan has already been placed. It was reported by close of the week. Our correspondent further ad
cable that one-half of the loan had been taken by vises us that the gain w due to imports of £165,000
as
J. P. Morgan, the Rothschilds and the Barings. It (of which £150,000 w from Egypt and £15,000 from
as
was also reported by cable that the subscriptions on Australia), to receipts of £334,000 net from the in
Friday, when the lists were closed, had amounted to terior of Great Britain and to the exports of £50,000
twenty times the amount of the remainder of the to the Gape.
loan; the allotments will be 5 per cent. The state
ment was made that more than $25,000,000 had been The foreign exchange market w dull, with an easy
as
subscribed in this city, principally by prominent tone this week and without special feature. The ease
bankers and large life insurance companies.
appeared to be due partly to the comparatively firm
rates for money, which induced remitters to withhold
The striking feature of the statement of the New purchases which could be deferred, and though the
York Associated Banks last week was the small gain steamers sailing on Thursday were fast boats there
of $108,000 in cash, specie being decreased $1,258,400 seemed to be only a light inquiry for bills for that

A p r il 19, 1902.]

I'H K

803

CH

mail. The supply of commercial drafts w quite
us
small, and there were no indications of offerings of
ninety-day bankers' bills representing foreign loans.
It is thought probable that when the Louisville &
Nashville stock, which w bought abroad last week
as
and which has been sent hither, shall arrive, there will
be a demand for remittance in payment of the stock.
The arbitrage operations in securities have been large
on both sides of the account daring the week, but it
is considered likely that sales for Europeans have
been much in excess of purchases. It seems possible
that some exchange will be required for the remittance
of the three per cent on applications for the British
consol loan, and it may be that subscribers for the
purpose of investment may remit for the full amount
of their allotments; therefore a firmer tone for ex
change may be expected next week. The Assay Office
paid $981,516 61 for domestic bullion. Gold received
at the Custom House during the week, $52,282.
Nominal rates for exchange are 4 86 for sixty-day
and 4 8 for sight. Bates for actual business opened
8-£
on Monday unchanged, compared with those at the
close of last week, for long and cables, at 4 85@4 85^
for the former and at 4 88@4 88£ for the latter* while
rates for short were one-eighth of a cent higher for
hid quotations, at 4 87f@4 87f; the tone was steady
to firm. On Tuesday the asking rates for long and
cables were reduced one-eighth of a cent, to 4 8 for
5-J
the former and to 4 88-J for the latter, and short w
as
one-eighth of a cent lower at 4 87|@4 87f, and sales
were made at 4 8750 and at 4 8755; the market w
as
easy. On Wednesday the tone was dull and steady
for sterling and easy for Continental, and rates were
unchanged on that day and on Thursday. The mar
ket was steady on Friday. The following shows daily
posted rates for exchange by some of the leading
drawers.

'The following table m cat.es the mnountof bullion
cU
a the principal European banks.
A p r il

17, 1902.

A p r il

18, 1901.

lank »/
Gold.

UlK U ....
I la U
rranae..........
Germany .....
Unssla............
Ans--Hnng’y
4 p a in ..............
Ita ly .......... ..
Netherlands.,
l a t Belg’m ..

8»Misr.

f o ta i.

Guid,

auv§r.

£

~£

£

£

£

£

86,098,903
102,059,461
87.384.000
72.434.000
44.014.000
14.080.000
10.128.000
4.782,100
8,114,007

44,288,908
18,810,000
8,287,000
12.827.000
18.226.000
2,126,800
0.508,800
1,657,383

86,098,902
146,898,859
51.144.000
80.721.000
50.041.000
82.811.000
18,254,800
11,290,400
4,072,000

85,146,767
97,180,795
20,770/100
72.968.000
88.080.000
14.002.000
15.247.000
5 .0 5 7 .0 0 0
2.022.000

48,890.182
18.870.000
0,704,000
10.742.000
10.574.000
1,980,01)0
6,091,100
1,401,010

86,140,707
141,085,927
48.049.000
70.702.000
40.422.000
80.570.000
17,177 900
10,748,100
4,888,000

H U ..

r o t . this week 830.840,180 107079841 487,926,021 810 920 602 100971182 411,900,094
T o t. prey, w’k 833,880.766 107870818 441,213.688 810.897.209 100940187 411,843,486

TIIE N E W B R I T I S H W AR L O A N

The announcement by the Chancellor of the Ex
chequer, of the provisions made by the British Govern
ment for meeting the continued war deficit, merit ex
amination for several reasons. In popular discussion,
the imposition of an import tax of three-pence per
hundred-weight on wheat has attracted the most at
tention, for the reason that, in a certain sense, it is a
departure from Great Britain's program of absolute
free trade. Sir Michael Hicks-Beach called attention
to the fact that this duty had remained on the British
statute books from the repeal of the Corn Laws in
1846 until 1869, and he went into some detail to show
that the iax had not then been felt in an increased
price of bread.
In this the Chancellor was quite correct; in fact,
the legitimate criticism on his proposal has not based
itself at all on immediate oppression of consumers.
The point made by all such critics is that the change
itself is not so important as the direction in which the
change is made. On the doctrine that it is the first
step which costs, the assumption is made that an en
D A IL Y PO ST E D R A T E S F O B F O R E IG N E X C H A N G E .
tering wedge, however small, may be followed by
larger and larger concessions to people who would
F B I.,
M
.,
T
..
W
., T
., F B I .,
A p r . 11 A p r . 14. A p r . 16 A p r . 10. A p r . 17. A p r IS.
reverse Great Britain's present fiscal system. We no
86
<00 d a y a. T ie
86
80
86
86
B ro w n B r o s ........ 1 S i g h t .... 4 » 8 *
tice this argument, but without endorsing it. To us
88*
88*
88*
88*
88*
86
(6 0 d a y a. 4 8 6
86
B a rin g .
80
86
86
it appears that the facts that this measure has been
88*
M a g o n n a C o .. \ S ig h t.... 4 8 8 *
88*
88*
88*
88*
B a n k B r i t is h
(6 0 d a y s . 4 86
86
80
80
80
80
adopted as an emergency expedient, and that it
N o . A m e r io c ,.. 1 S ig h t.... 4 8 8 *
88*
88*
88*
88*
88*
l 60 d a y s . 4 8 6
B ank o f
80
to
86
80
80
arouses or promises to arouse a vigorous attack by the
M o n t r e a l ........... \ S ig h t...
4 88*
88*
88*
88*
88*
88*
C a n a d ia n B a n k J 60 d a y s . 4 86
86
86
88
80
80
Opposition, tend to remove the probability which is
4 88*
o f C o m m e r c e .. 1 8 1 g h t...
88*
18*
88*
88*
88*
a e i d e l b a c h , lo k - < 00 d a y * . 4 e6
86
80
86
feared. If the grain-registration tax were to be left
86
86
a l h e lm e r A C o. } S ig h t .... 4 8 8 *
88*
88*
88*
88*
88*
1 60 d a y s .
on the statutes long after the war is over, it could
86
86
86
86
86
L a x a rd F r e r e a . . . ? S ig h t ,... 4 66 *
4 88
88*
88*
88*
«8*
88*
only be because the Opposition was indifferent to it,
M e r o h a n ts ’ B k . ( 60 d a y s . 4 86
86
86
86
86
86
o f C a n a d a .. ) S ig h t...
4 88*
88*
88*
88*
88*
88*
or because the British public wished it.
The market closed at 4 85@4 85£ for long, 4 87£@ Of the other new proposals in taxation we need
4 87-f for short and 4 88@4 88-J for cables. Com only refer to the doubling of the penny tax on
mercial on banks 4 84f@4 84£ and documents for pay checks—thus making twice the charge imposed by
ment 4 84|@4 85£. Cotton for payment 4 84^@4 84£, our own war Congress—the increase of one penny to
cotton for acceptance 4 84§@4 84| and grain for the pound in the income tax and the continued sus
payment 4 85@4 85£.
pension of the sinking fund. Both the new check
tax and the new income tax—the second of which
The following gives the week's movements ol m
oney raises the yearly impost to 15 pence in the pound, or
to and from the interior by the New York banks.
within a penny of the high rate fixed at the time of
the Crimean war—are pretty sure to be cut down
R tc tim tO , b p
BK (p p a d b p
S o t In te r io r
W t t k B i n d i n g A p r i l 18. 1003.
N . T . B an k a. N . Y . B a n k a.
M o v tm m t.
when absolute peace in South Africa is re-established.
O a n i r a t i j ........... .................., ................ ,
$6,849,000
$4,687,000 G a in . $1,762,000
( t o l d ................................................................
1,647,000
1,147,000 G a in .
600,000 We need not, therefore, discuss them further now.
Sir Michael calculated £2,000,000 revenue from the
T o ta l g o ld a n d le g a l t e n d e r s ........
$7,990,000
*5,784,000 G a in . *8,202,000
With the Sub-Treasury operations the i•esult is as increased income tax, £2,650,000 from the grain tax
and £500,000 from the tax on wheat. His estimate of
follows.
the deficit ran something above £40,000,000; whence
In to
O ut of
W t t k B i n d i n g A p r i l 18, 1902
N o t C h a n ts in
he reckoned that £35,500,000 deficit would be left if
B anka.
B ank*.
B a n k B o l d i n g t.
Of this he
B a n k s I n t e r i o r m o r e m e n t, a s a b o r e
$7,990,000
$6,784,000 G a in . $2,262,000 the new taxes yielded all he promised.
B n b -T re a a n ry o p e r a t i o n s ......................
28,400,000
83,160,000 G a in .
260,000 proposed to meet £32,000,000 by a new loan on con
T o t a l g o ld a n d le g a l t e n d e r s ........ 181,896,000
128,884.000 G a in . $2,612,000
sols and the balance by temporary borrowing .
on

ubs

ed

h u s

804

THE CHRONICLE.

[VOL. LXXIV.

The £32,000,000 loan la the matter which we are advanced, instead of declining on the Government’s
chiefly intereated in diBcnaaing. It Betties, to begin new offer. In this regard Great Britain’s unbroken
with, a qaeation which has been canvassed daring the reputation for rapid retirement of a war debt in time
past six months or more, aa to whether the new loan of peaoe stands the Exchequer in as good stead as the
should be issued in the form of consols or as a Trans similar reputation of our Treasury. A Government
vaal loan guaranteed by the British Government. On which has paid off £200,000,000 between the close of
ar
the face of thiuga, the second of these plans would in its last expensive w and the outbreak in S iuth Africa
a sense have dodged the issue, since the Imperial E t oan readily endure a strain which would embarrass a
chequer would equally have remained resposible. The less resourceful and soundly-managed State.
project of a Transvaal loan w chiefly urged on the
as
C O M M IT T E E
BEFORE
ground that it would avert the depression in outstand P O W E R S OF A
ing consols, and hence the virtual lowering of the S U B M I T T I N G R E O R G A N I Z A T I O N P L A N .
Government’s credit, which, it w reasoned, would The New York Court of Appeals has recently ren
as
follow another large addition to the consols issue.
dered a decision possessing some features of general
In theory there w something to say for this argu interest in a case involving the right of a reorganiza
as
nnnt; but it w forcibly opposed on the ground, first, tion committee to purchase at foreclosure sale mort
as
that the Transvaal Government w not yet reorgan gaged property (covered by bonds deposited with
as
ized, and hence w no safe dependence for taxation; them) before submitting a plan of reorganiz ition.
as
and, second, that to pledge the Transvaal’s credit for The case w that of the Industrial & G9neral Trust,
as
the payment of w expenses might handicap the use Limited, an Eoglish corporation, against the R)orar
of the sam resources to raise funds for the country’s ganizition Committee of the Birmingham Sheffield &
e
rehabilitation. The expense of reorganizing indus Tennessee River Railway Company. The railroad
try in Siuth Africa will properly be borne by the dis company had in 1893 defaulted in the payment of in
trict itself. Sir David Barbour’s expert report to the terest on its $2,975,000 of mortgage bonds, and the
Government a year ago canvassed this question fully. Knickerbocker Trust Co., the trustee under the
He figured out that the annual cost of Transvaal ad mortgage, thereupon commenced an action for fore
ministration, on the return of peace, would be £4, closure. Under this action a receiver was appointed
332,000, and that £3,467,000 revenue could be obtained in June 1893. In April 1895 a reorganization agree
on the lines of taxation previously followed. The re ment w entered into between the bondholders and
as
sulting deficit he proposed to meet by raising the tax the reorganization committee, consisting of J. Kennedy
on mine profits from 6 to 10 per cent, leaving a margin Tod, Edmund A. Hopkins (the receiver) and James
to pay interest on such public debt as should be G. Lelper, and the bondholders were asked to deposit
contracted. But even Sir David Barbour concluded their bonds with the Manhattan Trust Company of
byremarking that < is impossible at the present this city under that agreement. The Industrial &
cit
time to specify any definite sum" which could be General Trust held $570,000 of the bonds, which were
thus raised by the colonies “ without imposing exces deposited under this agreement.
sive taxation or starving the administration." After No plan w embodied in the reorganization agree
as
pointing out that £7,000,000 will have to be raised by ment, but the committee w empowered to prepare
as
the colonies for peremptory needs, he w not willing and adopt a plan with or without foreclosure. Any
as
to argue for a guaranteed Transvaal loan, to contrib holder, however, of a trust certificate given in ex
ute towards the cost of the war, any larger than £3,- change for the deposited bonds w to have the right
as
000,000. This sum would of course be a bagatelle in at any time within thirty days after the mailing to
the present fiscal plans of the home government.
him of notice of the filing of a plan of reorganization,
Including the newly-proposed loan on consols, the to withdraw from the agreement and recover the
British Exchequer has borrowed, since the Boer war bonds deposited by him upon payment of his pro rata
broke out in 1899, some £146,000,000—this, of course, share of the expenses incurred by the committee. In
not including temporary loans on Exchequer bills. June 1895 a decree w entered in the pending fore
as
The permanent debt thus created may be tabulated as closure suit, and on September 16 1895 the prop
follows, with the issue price, the date of issue and erty w sold and bought in by the committee
as
the date of redemption. The consols loans, it is to for the upset price of $500,000, the bonds which
be remembered, conform to the provisions of the pre had been deposited with the committee being used
existing consols, whereby their interest falls to 2i per in payment of this purchase price. In Novem
cent in M next year :
ay
ber 1895 the Northern Alabama Railroad Com
When When re
as incorporated to succeed the Birmingham
Amount.
Price. Pale.
issued. deem’ble. pany w
23»%
1900
1910 Sheffield & Tennessee River Railway Company. The
War Loan................ .£30,000,000
98!2
19 O
1903 Northern Alabama Company issued $1,700,000 bonds,
Exchequer hon i s . .. . 10,000,000
98
3%
1905
“
“
. 14,000,000
1901
98i<3 3%
2%%
9iifl
1901
1923 which, with its capital stock of $2,000,000, were turned
Consols.................... . 60,000,000
93i*
1902
“
.................... .. 32,000,000
1923 over to the reorganization committee.
2%%
This is a reasonably heavy bill to pay. Outside of The committee continued to hold the bonds and stock
war indemnities imposed on defeated States, it is one of the new company until J uly 1898, when a plan of re
of the largest ever paid for a campaign of this length. organization w filed and notice thereof given to all
as
The Exchequer’s experience with this week’s tender the holders of certificates under the reorganization
of new consols, however, is sufficient witness to the agreement. In October 1898, as the result of nego
continued strength of the British Government’s tiations concluded with the Southern Railway Com
credit. The despatches are unanimous in reporting pany, the latter offered to purchase all the bonds and
a rush of applications from all quarters—not alone stock of the new railway company at a prioe of 80 for
from England itself and from America, but from the the bonds, equal to $320 for each $1,000 bond of the
reservoirs of Continental capital. It is also to be Birmingham Sheffield & Tennessee River Ry., being
observed that the price of outstanding consols has more than twice the sum payable upon the old bouds

A pril 19, 1902.]

THE

CHRONICLE.

805

at the upset price paid for the property at the judic to use the deposited bonds for tfio purpose of pur
ial sale. The Industrial & General Trust did not chasing the mortgaged proporty, how could it be said
elect to accept the new securities but brought an that their construction was unwarranted, or that
action for conversion against the reorganization com they were not acting for and in the interest of the
mittee for its use of tho plaintiff’s bonds in making bondholders, their principals, and in the line of duty
payment for the property. It claimed $360,000 dam for the conservation of their interests ?
ages with interest from Oct. 29 1896. The delay in Judge Gray points out that tho sale to, and the
formulating a plan B s to have been due largely to purchase by, the reorganization committee had the
eem
a desire upon the part of the reorganization commit result of liquidating the value of the bonds and of
tee to ascertain definitely what provision would have merging them in the ownership of the property. The
to be made for certain car trusts and what other prior bondholders, through the reorganization committee,
got possession of the mortgaged property, as had been
liens upon the property would have to be met.
as
In the lower court the plaintiff secured a judgment contemplated, and the committee w thereby enabled
in its favor, the trial judge, Justice Smyth, charging to reorganize the railroad under the authority given it.
as a matter of law that the acts of the reorganiza “ The formulation of a plan of reorganization might
tion committee amounted to a conversion of the well be regarded as for future consideration. As the
plaintiff's bonds. He held that the failure of the price for the property w paid in the bonds, each
as
committee to prepare a plan of reorganization prior holder of a certificate representing the deposited
to the sale and foreclosure and the use of the plain bonds under the reorganization agreement became
tiff’s bonds in furtherance of the sale were wrongful entitled to his proportionate share of the prop
acts subjecting the committee to a liability to the erty purchased, which was evidenced by the act of the
plaintiff for the value of the bonds. The jury were commissioner of sale in stamping each bond with the
instructed that this w so even if there w no amount it represented of the sum paid for the prop
as
as
wrongful intent on the part of the committee. They erty. The plaintiff’s agent was chargeable with notice
accordingly gave judgment for a sum greatly in ex of the sale by the public advertisement, as by the
cess of the amount to which the bonds would be en letter of the chairman of the committee, and it seem
s
titled upon the basis of the sum realized for the prop to be clear that it w the duty of the committee to
as
erty at the foreclosure sale. The Appellate Division, treat the plaintiff’s bonds alike with other deposited
second department, affirmed this judgment. An ap bonds and to use them in acquiring the title to the
peal w then taken to the Court of Appeals, where a mortgaged property.”
as
reversal has now been obtained and a hew trial The fact is also emphasized that the committee did
ordered.
not part with the bonds in a way and for a purpose
Judge Gray, who delivered the opinion of the Court not within its authority; for with the assent of the
of Appeals, said that no case of conversion had been plaintiff it held the legal and equitable title to the
made out. The relations between the plaintiff and bonds for the purposes of the agreement, one of which
as
the defendants rested in contract and were defined by w to use them in paying for any assets or franchises
the reorganization agreement. He said the reorgani purchased. There was no unlawful interference with
as
zation agreement conferred very broad powers upon the bonds; for what it did with themw within appar
as
the committee in its management of the bondhold ent authority. There w no unauthorized assump
ers’ interest and it exempted the members from any tion, as claimed, of a dominion over them; for the
liability except in the case of wilful misconduct on agreement having vested it with the title thereto for all
their part. To deposit bonds under the agreement its purposes, it was within the scope of those purposes
w to transfer to the committee the full legal and that a new corporation should be formed, and that
as
equitable title thereto for all the purposes of the the deposited bonds should be used for the acquisition
agreement. The committee w authorized to take of any assets or franchises necessary to a reorganiza
as
such steps as it might deem advisable for the forma tion of the railroad.
tion of a new corporation and for transferring to that All the judges concurred in the conclusions of Judge
e
new corporation all the assets of the old railway com Gray, but not all on the sam ground. Some of them
pany, and the deposited bonds might be used for the seemed to think that the plaintiff might have brought
purpose of paying for any assets or franchises pur an action for breach of contract, but Judge Gray notes
chased. The committee had even been given authority that if an action had been brought to enforce a liabil
to supply any defect or omission deemed necessary to ity for a breach of the agreement, the plaintiff would
enable it to carry out the general purposes of the have been obliged to prove that it had been damaged
agreement; and its construction of the agreement by the defendants’ acts. On the other hand, in the
case of an action for conversion, the recovery, he
w to be final.
as
The plaintiff’s whole case rested on the one fact of points out, is measured by the value of the bonds,
as
a failure to file a plan of reorganization prior to the irrespective of whether the plaintiff w actually
sale in foreclosure. Had such a plan been filed, obvi damaged or not by the acts of the committee. Th^t
as
ously there could have been no complaint of unau the plaintiff w not damaged by the failure to file a
thorized conduct. The opinion notes, however, that plan of reorganization prior to foreclosure is]evldent
proceedings to foreclose the mortgage had been in enough, he says. All the stock and bonds of the new
stituted by the trustee under the mortgage and were corporation were held by the committee for the old
pending at the time of the execution of the reorgani bondholders after the reorganization, and eventually
zation agreement. When shortly thereafter the sale the bondholders were enabled through the offer of the
w ordered the reorganization oommittoe w con Southern Railway Company to realize upon the basis
as
as
fronted with a situation not of its own creating. The of each bond the sum of $320, as against the sum of
committee w called upon to act for the protection $139 76 from the proceeds of the sale in foreclosure.
as
of the interests in its care. If the members construed Accordingly the Court adopts the language in the
the agreement as conferring upon them the authority defendants’ brief to the effect that when the reorgani-

THE CHRONICLE.

806

[Y ol.

l x x iv .

num of cruoible and other kinds of steel. Roughly,
therefore, we m say that 13| million tons of steel of
ay
all kinds were made in this country in 1901. Prior
to 1895 the United States had never in any one year
produced a much as 5,000,000 tons of steel, from
B
which an idea can be gained of the notable advance
that has been established in the interval since then.
W may say furthermore that Great Britain in 1900
e
w estimated to have produced 5,050,000 tons of
as
G REAT E XPA N SIO N IN
O P E N - H E A R T H steel, the maximum figure in that country’s history.
S T E E L PRO D UCTION .
Germany in 1900 produced 6,365,259 tons of finished
In our issue of March 22 w referred to the great steel.
e
increase which has occurred in the production of
Bessemer steel in the United States. M James M R A I L R O A D G R O S S A N D N E T E A R N I N G S
r.
.
Swank has now also furnished statistics showing the
FOR F E B R U A R Y .
production during the late calendar year by the openRailroad net earnings for February show, as ex
hearth process. These figures reveal a further note pected, only a small increase in the aggregate, while
worthy growth in the make of open-hearth steel, on quite a large number of the separate roads record de
top of the very striking and continuous expansion in creases—some of them for considerable amounts. No
the years immediately preceding. Altogether the other results could have been looked for. The
country's total steel output makes an aggregate of weather during February, as we have many times
pointed out, w phenomenally bad, it having been
as
wonderful proportions.
It is only a short space of time since the production one of the worst winter months experienced for a
as
of steel by any except the Bessemer process w almost great many years past. The effect w to reduce
as
a neligible quantity. Prior to 1895 the make of open- earnings and to add to expenses. In addition there
as
hearth steel in the United States had never reached a w a great shrinkage in the grain movement in the
million tons in any one year, and a decade before it West (outside of the spring-wheat sections of the
amounted to but little over 100,000 tons per annum. Northwest) as the result of last year’s grain crop
For the twelve months of 1901 the addition alone (as shortage. Altogether it must be deemed surprising
compared with the twelve months preceding) was over that in the aggregate there is any increase at all over
1£ million tons, and the aggregate of the make of open- the large total of the year preceding. In the gross
hearth steel reached over 4-f million tons. We have pre there is quite a fair percentage of gain, notwithstand
pared the following statement, bringing out in agraphic ing the adverse weather. In brief, gross earnings
way the advance of open-hearth steel production in the record $4,168,942 increase, or 4*91 per cent, and net
earnings an increase of $555,168, or 2*14 per cent.
United States during the last sixteen years.

nation committee at the foreclosure sale surrendered
the bonds, it did It not only without any design to
deprive the owner of his right in the property, but for
the express purpose of maintaining those rights—the
coarse pursued by them being not only the only prac
tical w of protecting the plaintiff's rights, but being
ay
the course enjoined upon them by the contract of
bailment.

O PEN -H EA R TH S T E E L PRO D U C TIO N .

Tear.
Tons.
1885__ ........183,376
1 8 8 6 .... ........ 218,973
1 8 8 7 .... ........822,099
1888 .... ........314,318
1 8 8 9 .. ........374,548
..
1 8 9 0 .. ........518,232
..

Tear.
Tons.
1891__ __ 579,753
1892 .... .... 669.889
1898 .... . ... 737,890
1 8 9 4 .... .... 784,936
1895 .... ....1,137,182
1 8 9 6 .... ....1,298,700

Tons.
1 Tear.
1897 __ ....1,608,671
| 1898 .... ....2,230,292
11899 .... ....2,947,316
11900 .... ....8,398,135
!
11901 ... ... 4,656,309
|

At 4,656,309 tons, our open-hearth steel production,
we should judge, w fully 50 per- cent in excess of
as
the open-hearth steel output of the United Kingdom,
where this process of making steel has long been a
favorite one. In 1894 Great Britain for the first time
made more open-hearth steel than Bessemer, and the
disparity between the two has been steadily growing
ever since. In the United States, of course, the make
of Bessemer steel still runs far ahead of that by the openhearth method. In the article in our issue of March 22
we showed that the Bessemer steel production in 1901
had been 8,713,302 tons. Of both kinds of steel,
therefore, we turned out in the late calendar year over
13£ million tons. This is an increase of 3£ million
tons over the production in 1900, 2f million tons over
1899 and 41 million tons over 1898. As compared
with the years preceding 1898, the 1901 total is
more than that of any two years together. For in
stance, in 1896 and 1897 combined the output of steel
in the United States w only 12,302,592, as againBt the
as
13,369,611 tons for 1901. In the following table we show
the figures for the last seven years, both of open-hearth
steel and of Bessemer, and of the two combined.
B ESSEM ER AND O P EN -H EA R TH P R O D U C TIO N .
1901.

ODen-hearth)
g te e l

Tons.

\ 4.656.309

1900.

1S99.

1803.

189T.

1896.

1805.

Tom.

Tons.

Tons.

Tom.

Tom.

lorn.

3,898,135 2,947,310 2,230,802 1,008,0711,298,700 1,137,132

B e s s e m e r S t. 8,718,302 6,084,770 7,686,854 0 609,017 5,475,315 3,019,008 4,909,188
T o t a l o f t w o . 13 300,011 10,082,905 10,538,670 8,839,809 7,083,986 5^818,000 6,04",810

Besides Bessemer and open-hearth B the United
teel
States produces somewhat over 100,000 tons per an

1 t o F e b r u a r y 28.
(116 r o a d s .)

F ebruary.

Ja n u a ry

(117 r o a d s .)
1902.

|

1001.

In crea se.

t
¥
d r o s s e a m ’s 89,028,687 84,859,746
O per. e x p ... 62,540,733 68,985,959
N e t e a m ’s 20,478,954 25,923,786

1902.

1901.

In c rea se.

1

$
«
*
4,108,942 190,330,238 177,922,890 12,407,342
3,018,774 180,794,268 120,963,811 9,831,967
655,106 59,536,070 50,959,685

2,676,886

These results become particularly noteworthy when
it is recalled that the improvement follows very strik
ing gains, in gross and net alike, in the same month
of both 1901 and 1900. In February 1901 our state
ment showed $7,634,979 gain in gross and $3,052,129
gain in net, while in February 1900 the increase had
reached the remarkable figure of $13,171,995 in gross
(22-11 per cent) and $5,986,698 (38*25 per cent) in net.
Below we give the February totals back to 1893.
T e a r Sc
N o. of
roads.
F eb.

’93(130)
’94(127)
>95(128)
>96(130)
>97(124)
>08(136)
>99(125)
>00(123)
>01(131)
>02(117)

G ross E a r n in g s .
Tear
G iv e n .
$

53,763,772
41,119,789
43,014,096
46,989,029
61,338,343
69,070,798
58,557,896
72,738,157
86,357,583
89,023,687

T ear
P r e c e d in g .

$
65,877,725
49,552,978
42,831,674
41,603,813
51,056,367
51,904.681
69,966.6 t l
59,600,162
78,722,004
84,859,745

N e t E a r n in g s

In c r e a s e o r
D ecrease.

Tear
G iv e n .

T ear
In c r e a s e o r
P r e c e d in g . D e c r e a s e .

$
$
$
-2 ,1 2 3 ,9 5 3 13,716,007 16,593,670
-8 ,4 3 3 ,1 8 9 10,890,572 18,992,788
+182,422 11,366,031 11,357,439
+4,395,816 13,003,824 10,827,770
—318,014 15,811,914 14,095,033
+7,108,117 18,163,731 16,890,058
—1,408,146 16,538,902 18,020,170
+18,171,995 21,037,135 16,050,437
+7,034,979 26,587,607 83,485,478
+4,108,942 20,478,054 25,983,780

J a n . 1 to F eb . 28.
>98(127) 109,372,401 110,940,439 -1 ,5 8 8 ,0 3 8 27.052,844
84,429,021
99,021,356 -15,1 9 1 ,4 8 5 21,895,803
>94(126)
89,590.267
88,910,3-8
+ 048,879 24,150,427
>05(128)
>96(129)
95,102,277
86,458,209 +8,644,068 27,311,808
101,492,516 105,374,919 -3 ,8 8 3 .4 0 8 89,291,805
>97(123)
>98(135) 119,859,737 104,S74,S85 + 14,086,452 30,089,684
>99(123) 124,415,330 121,243,045 +3,171,681 34,848,470
>0*(128) 151,984,150 120,006,851 +25,267,399' 40.084,999
>01(131) 181,101,403 101,437,109 +10,757,324. 68,308,140
>02(116) 10O,SO,2S3 177 923 890 >18,407,8 nil 60,685,970
Note .—We no longer include the M exican roads

81,844,50#
35,155,219
2S,284,004
28.085,060
20,104,814
80,083,058
30,738,871
85,171,810
50,580,09?
60,059,685

$
-2 ,8 7 5 ,7 8 8
-2 ,1 0 2 ,8 1 0
+ 8 ,5 9 2
+8,175.854
+1,210,201
+ 2,787,678
—8,087,808
+ 6,980,698
+3,052.189
+ 566,168
—4,803,326
—3,269,410
+980,483
+4,870,388
+187,491
+0,900,581
—l,8 9 6 ,9 0 t
+11,618,789
+ 7,728,049
>8,570,386

or the ooal mining
operations of the anthracite coal roads lu our totals. Figures for
previous years have been revised In accordance with this change.

LHE

A pril 19, 1902.]

CHRONICLE.

When the roads are arranged In groups the influ
ence of the unfavorable weather conditions is very
strongly apparent. Five of the eight groups Into
which we divide the roads show diminished totals of
net, and one of the groups also has a deollne in gross.
Three of the eight groups record Increased net; only,
however, in the case of the Northwestern group and
the Northern Pacific group is the improvement of
large proportions. For the Northwestern group the
gain in net is 17*69 per cent and for the North
ern Pacific group 31*60 per cent. In both in
stances the improvement is, of course, ascribable to
the excellent spring-wheat crop raised last season
as compared with the very poor yield the previ
ous season.
SUMMARY B Y GROUPS.

Section or
Gr o u p .

February.

1901.

1902.

1901,

Inc.or jJec.

$
6,912,115
1,420,626
501,020
1,960,985
4,062,872
3,664,563

*
5,968,207
1,528.878
590,544
1,923,478
8.453,014
2,708,621

$
-40.152
—107,762
—95,624
+37,507
+810,868
+855,942

P . a.
0-77
7-05
16 01
195
17-69
81-00

5,348,806
3,707,907

5,902,20,'
8,854,276

—653,848
-146,368

938
3-80

Total (117 r’ds) 89,028,687 84,859,746 20,478,054 25,928,786

+655,168

2-14

*
1
22,051,169 22,056.327
5,762,195 6,755,826
2,310,634 2,860,742
6,556,222 6,201,860
11,617,652 10,958,88
8,704,131 7,258,116

Trunk lin es.(13,
Anthra. coal (6)
East. & Mid. (10)
Mid. W est’n.(16)
Northwest’n(18)
North Pacific (4)
Southwestern &
South Pac.(26) 18,593,642 18,151,808
Southern ...(22) 12,413,149 13,088,178
M exican------ (3)

Jan. 1 to Feb. 28.
Trunk lin es.(18)
Anthr. coal..( 5)
East. & M id.(19)
Mid. W est’n.(15)
Northwest’n (13
North Pacific (4)
Southwestern &
South Pac.(26)
Southern__ (22;

2,615,839

2,437,632

49,112,151
12,502,700
6,130,361
14,002,382
24,493.209
18,632,466

889,194

794,414

+94,780 11-93

40,439,802 13,770,557 13,466,432
+304,126 2-26
12,603,495 3,371,124 3,753,180
-382,066 10-18
4,993,631 1,829,832 1,344,314
—14,482 1-08
13,031,677 4,455,061 4,373,760
,+81,311 1-80
22,'03.507 8444,317 7.250,801 +1,193,516 16-46
16,117,881 7,635.092 5,740,171 +1,894,921 3301

40,195,24b 37,994,297 12,232,282 12,791,382
26,255,733 25,035,603 8,297,726 8,289,665

-559,120
+58,170

4-37
0-71

Total (116 r’ds) 190,330,238 177,922,896 69,535,970 53,969,536 + 2,576,386

452

M exican__ (3)

6,479,408

5,028,561

1,869,279

1,617,144

+252,135 15-59

In the case of the separate roads there is, as
already stated, a large number of decreases in both
gross and net. There are also, however, a good
many increases for considerable amounts. The out
come in each case has depended upon the lo
cation of the road and upon the special condi
tions, favorable or adverse, affecting the same.
Thus, in the spring-wheat section the roads were
benefited by the larger spring-wheat movement,
while on the other hand some roads elsewhere
sustained a loss by reason of a smaller crop
movement. The Northern Pacific has $738,800 gain
in gross with $420,871 gain in net. The Pennsylvania
Railroad, on the contrary, with $721,400 increase
in gross, has only $61,900 increase in net.
PR IN C IPA L CHANGES IN

G R O SS

In crea se*.

N o r th e r n P a cific..........
P e n n s y lv a n ia !...............
U n io n P a c ific .................
C anadian P a c ific ..........
S o u th ern P acific 8 y s..
C hic. R. I. < P a c ific ...
fc
Illin o is C e n tr a l............
Ohio. B u rl. & Q u in c y ..
L o u isv ille < N a sh v ille
fe
A tc h . T op. < S a n ta F e.
fe
Phila. <fc R ead in g R R [
W a b a sh ............................
B a ltim o r e & O h io........
Bt.LouiB & San F r a n ..
C h esa p ea k e < O h io ...
fe
M ln n .S t.P . < S .S te M ..
fe
P e r e M a r q u e tte ............
R io O ran d e W estern .
C olorado & S o u th e r n .
W iscon sin C e n tr a l___
C en tral o f N e w .J e r se y

EARNINGS

IN

F £R R IJA R ¥.

In crea ses.

$ 7 3 8 ,8 0 0
7 2 1 ,4 0 0
4 3 8 ,4 7 3
3 7 1 ,8 5 0
3 4 5 ,9 6 5
3 4 1 ,2 7 5
1 5 5 ,5 5 2
1 4 3 ,4 5 2
1 3 7 ,7 1 2
1 3 4 ,5 0 8
1 3 3 ,9 4 1
1 2 5 ,6 7 5
1 1 2 ,6 2 8
1 0 8 ,2 4 0
9 9 ,0 6 0
8 6 ,3 3 4
8 0 ,6 8 2
7 0 .0 5 3
5 7 ,6 1 2
5 6 ,347
5 2 ,7 9 7

PRINCIPAL OHANOICS IN N K T BAKNING8 IN F I I I I I M J A U V .

f n cro a m s.

C h icago it. I. < P acific
fc
N orthern P a o filo ..........
U nion P acific.................
A tch. T op. <to S a n ta P e
J
P hil. A R ead in g H R ]..
M ln n .S t.P . AH. Bto.M .
Ohio. Hurl. A Q u in c y ..
P e n n s y lv a n ia ! ..............
C hesap eak e A O h io ...
C anadian P a c ific ..........
R io O rande W e s te r n ..
W abash.............................
P ere M arq u ette............
A n n A rb or.......................
E r ie ....................................

D ecreases.

$ 5 2 2 ,4 6 7
420 ,8 7 1
8 7 9 ,5 2 5
1 8 6 ,4 5 0
1 6 7 ,0 1 4
6 6 ,9 5 2
6 3 ,8 4 8
6 1 ,9 0 0
6 1 ,4 1 8
53,681
4 8 ,9 6 7
4 6 ,0 5 5
3 9 ,0 4 9
3 5 ,8 8 7
3 0 ,7 6 8

T o ta l (rep resen tin g
19 ro a d s)................ $ 2 ,1 8 4 ,3 5 2

M issouri P aolflo ............
L eh igh V alley H it.* ...
S ou th ern P a c ific H y s ..
Seab oard A ir L in e ___
Bufi'alo R ooh. A P it t s .
St. L ou is S o u th w e s t...
N. Y. O nt. A W estern..
B a ltim o re A O h io ........
O leve.O ln .C h lc.A Ht.L.
D e n v e r A R io O rande
S o u th ern R a ilw a y ___
P eo r ia A E a ste r n .........
Ohio. Mil. A Ht. P a u l..
H ook in g V a lle y .............
C hic. G rea t W e ste r n ..
W h eelin g A L. E r ie ....

$ 4 3 6 ,9 2 0
1 9 0 ,5 4 8
1 8 s , 126
1 3 4 ,0 6 8
9 4 .8 3 0
9 4 ,5 5 0
7 3 ,1 1 3
7 1 ,2 2 9
7 0 ,2 0 4
6 0 ,6 5 6
4 5 ,9 6 3
4 3 ,4 4 1
4 1,0 7 4
3 3 ,5 4 0
3 3 ,3 5 7
3 2 ,6 3 2

T o ta l (rep resen tin g
21 r o a d s ).................. $ 1 ,0 4 4 ,8 4 1

* D oes n o t in clu d e r e su lts for L eh igh V alley Goal C om pany, w h ich
la tte r sh o w s $ 1 4 ,4 3 7 in c r e a se .
t C overs lin e s d ir e c tly o p e r a te d e a s t an d W est o f P itts b u r g an d E rie.
T he n et o n E a ste r n lin e s In crea sed $ 1 8 ,2 0 0 an d th e n e t on W estern
lin e s in creased $ 4 3 ,7 0 0 .
1 T h ese figures are fo r th e R ailroad C om p an y ; th e C oal A Iron C om 
p a n y rep orts a d e c r e a se o f $ 3 7 ,6 2 4 .

Net Earnings.

Gross Earnings.
1.902.

807

C hicago & E a s t 111. . . .
K an sas C ity S ou th ern

$ 4 3 ,0 0 4
3 5 ,4 2 5

T o ta l (r e p r e s e n tin g
32 r o a d s).................. $ 4 ,5 9 0 ,7 8 5
D ecreases.

M issouri P a c lf t o ..........
L ehigh V a lle y R R .* ...
Mo. K a n s. & T e x a s ...
St. L ou is S o u th w e s t...
N . Y. O nt. & W estern.
N. Y. Sunque. A. W est..
Buff. R ooh. & P ltts b ’rg
Olev. Oin. Ohio. A S t. L.
P eo r ia & E a s te r n ........
M inn. & St. L o u is ........

$ 1 1 8 ,5 8 4
7 7 ,6 7 2
7 4 ,4 0 9
6 5 ,7 7 0
5 1 ,1 8 6
5 1 ,0 1 1
50,981
4 8 ,7 2 5
4 3 ,5 7 5
3 7 ,0 6 0

T o ta l (r e p r e se n tin g
10 r o a d s ).................

$ 6 1 8 ,9 7 3

*1)00* n o t in clu d e r e su lts fo r L eh ig h V a lle y Goal Co., w h ic h la tte r
sh o w s an In crease o f $ 2 4 3 ,2 8 5 .
t Co vers lin e s d ir e c tly o p era ted e a s t arid w e st o f P ittsb u r g an d E rie
T h e g ro ss o n E a stern lin e s In creased $ 4 0 8 ,4 0 0 an d th e g r o ss on
W estern lin e s in c r e a se d $ 3 1 3 ,0 0 0 .
T h ese fig u res are for th e R ailroad C o m p a n y ; th e C oal < Iron C om .
fc
p an y r e p o r ts a d ecrea se o f $ 1 4 4 ,2 9 1 .

ITEMS ABOUT BANKS, BANKERS AND TRUST CO’S.
—The auction B a l e s of bank stocks this week aggregate 645
shares. The transactions in trust company stocks reach a
total of 231 shares. No sales of either class have been made
at the Stock Exchange. United States Trust Co. stock, of
which no public sales have been made since April of last
year, sold at 1765, an advance of 62 points. First National
Bank shares also show a considerable increase in value, the
price paid this week being 820, as against 771 last November,
when the last previous sale was made. In the “curb” market
stock of the Trust Co. of the Republic was sold early in the
week at 198, but later was offered at 188, and closed at 190
asked. Other sales were Corn Exchange Bank stock at 255
and Van Norden Trust Co, at 230.
S h ares.
B an ks —Veto Y o rk .
P ric e .
10 A m erica, B a n k o f ......................... 534,
3 0 C en tral N a tio n a l B a n k _______ 191
5 0 C ity B an k , N a tio n a l . . . .............. 5 8 5
10 Corn E x c h a n g e B a n k ............. . 4 5 2
10 F ir st N atio n a l B a n k ........... ........ 8 2 0
2 8 8 F o u rth N a tio n a l B a n k ............... 230-231
6 G a lla tin N a tio n a l B an k ............. 436*2
1 0 H a n o v er N a tio n a l B a n k ............. 6 ( 9
6 M ech an ics’ N a tio n a l R a n k ___ 300*2
1 0 0 M ercan tile N a tio n a l B a n k ........ 2 9 3
11 M erch an ts’ N a tio n a l B a n k ___ 1 8 7
4 N ew Y ork, N. B . A ,, B a n k o f .. 3 4 0
1 0 P ark B a n k , N a tio n a l.................... 640*«

B an k —
Brooklyn.

1 0 0 M ech a n ics’ B a n k ........................... 2 18
T r u st Co m pa n ies —New Y o rk .
H O A m erica, T ru st Co. o f ................ 265*4
< 5 0 F a rm ers’ L oan & T ru st C o ..... 1501*4
7 N orth A m erican T ru st C o . . . . . 2 6 0
24 U n ite d S ta te s T ru st C o .............. 1 7 6 5
T ru st C o m pa n y —B r o o k ly n .
5 0 W illia m sb u rg T ru st C o .............. 2 2 5 -2 2 6

L a s t p re v io u s sale.

Mar.
Jan.
Mar.
Apr.
N ov.
Mar.
F eb .
M ar.
Mar.
F eb .
Jan.
Mar.
Apr.

1902—
1902—
1902—
1902—
1901—
190 2 —
190219021902—
1902—
1902—
1902—
1902—

5 41
193*4
585
440
771
239*2
439 \
675
297
296
191
349
647

Mar. 1 9 0 2 -

219*2

Apr.
M ar.
Apr.
Apr.

1 9 0 2 — 265*4
1 9 0 2 - 1500
1 9 0 2 - 260
1901— 1703

F eb, 1 9 0 2 — 215*2

—Edward H. Perkins Jr., President of the Importers’ &
Traders’ National Bank, died on Saturday of last ,week in his
sixty-sixth year. He was born in Athens, Pa., and when
nineteen years of age came to New York and for a time was
employed in the Park Bank. He was promoted first to note
teller and then to paying teller, and while occupying the lastnamed position in 1866 accepted an offer to become Cashier
of the Importers’& Traders’. Oh the death of President James
Bnel in 1880 Mr. Perkins became President, and at the time of
his death was one of the largest stockholders. He was a direc
tor of the Fifth Avenue Bank, the Iowa Central Railway,
the United States Life Insurance Co. and the Western Union
Telegraph Co. The directors of the bank on Tuesday adopted
resolutions of regret and in commemoration of the services
of Mr. Perkins to the bank. On Friday Mr. Edward Towns
end was advanced from the position of Cashier of the Im
porters’ & Traders’ to succeed Mr. Perkins as President,
while Assistant Cashier H. H. Powell became Cashier. The
latter was also elected a director of the bank.
—A meeting of the stockholders of the Bank of the State of
New York, taken over by the Nat. Bank of North America and
now in voluntary liquidation, will be held April 29 for the
purpose of votjng on a proposition to reduce the capital from
$1,200,000, consisting of 12,000 shares of $100 each, to 12,000
shares at $10 each, thus making the capital $120,000. The
ob ject of such reduction is to facilitate liquidation. Settle
ments have been made with nearly all the stockholders by
the payment of 90 per cent of the capital and 60 per cent of
the surplus, and the outstanding stock not settled for is re
presented by only one hundred and two shares. The liquida

808

THE (JHRONLCLK.

[VoL. LXXIV.

way, corner of F o u rth S treet, and it w ill begiu business May
15. The P resid en t is F ra n k C. M ahew, late P resid en t of th e
B roadw ay bran ch of th e Corn E xchange B ank, and th e d i
rectors bo far selected are W illiam C. A llison, Sidney Bernheinier, H enry M. B righam , M aurice Brill, C harles H . Sim 
mons and Jacob C. Simon.
—Mr. T h atch er M. A dam s J r ., Mr. Thom as L. C larke
and Mr. Ju lia n Day have become m em bers of the firm of
Messrs. Clarence S. Day & Co. of this city.
—The fo u rteen th an n iv ersary of th e organization of th e
T w en ty -th ird W ard Bank, a t 135th S treet and T h ird A venue,
was appropriately com m em orated on T hu rsd ay n ig h t. A
dinner w as given a t the Sohnorer C lub, in 161st S treet, a t
w hich a gold w atch w as presented to P resid en t C harles W .
Bogart.
—T he d irecto rs of th e E ig h th W ard B ank of B rooklyn, a
S tate in stitu tio n w ith a cap ital of $109,000 and su rp lu s and
profits of $15,576, located a t T h ird A venue corner of T h irty n in th S treet, have decided to increase th e capital by $50,000,
and it is proposed to establish tw o branches in Brooklyn.
—The plans for th e consolidation of th e N atio n al N ew ark
B anking Com pany and the N ew ark C ity N ational B ank of
N ew ark, N. J ., w ill be given consideration by th e stockhold
ers a t m eetings to be held on May 10 an d 13. As sta te d in
our issue of Ja n u a ry 35, th e am algam ated in stitu tio n w ill
have a capital of $1,000,000. W h e th e r b o th banks w ill be
placed in v o lu n tary liquidation and a new bank form ed u nder
a new nam e, or w h eth er th e N ew ark C ity N atio n al only w ill
be liquidated and th e stock of th e N ational N ew ark B anking
Com pany increased fro m $500,000 to $1,000,000, are points
yet to be decided upon. P ractically all th e stockholders have
agreed to th e m erger. W hile th e officials fo r th e consolidated
B ank op E ngla nd . )
bank have n o t y et been announced, it is understood th a t Mr.
L ondon, April It), 1902. J
Charles G. Rockw ood w ill, ow ing to his advanced age, re tire
ISSU E Ob' £32,000,000 B R IT IS H CONSOLS, OB' W H IC H £16,000,000 H A S
from th e P residency of th e N ational N ew ark B anking Com
A L R E A D Y B E EN P L A C E D IN T H E T ERM S OE
T H IS PR O SPE C TU S.
pany.
—T he Boonton N ational Bank of Boonton, N. J ., last
F irst D ividend for a Full Three Months’ Interest P a y alls'.J u ly 5 , 1902.
week took possession of its new tw o-story building. The
PRICE O P ISSUE FIXED BY H. M . TREASURY A T £93)$ PER C E N T .
baD kis u n d er th e m anagem ent of Jo h n H. C apstick, P re si
T h e G o v ern o r an d Com pany of th e B ank of E ng lan d a re au th o rized to r e  dent; J o h n H. Schultze, V ice-President; M elvin S. Condit,
ceive ap p licatio n s for £16,0u0,00o B ritish Consols, th e balance o f th is issue
of stock. T ne stock will be in a d d itio n to and will ran k pari passu w ith th e £2X Cashier, and E d w in A. F ish er, A ssistan t Cashier.
p er cen t C onsolidated Stock (Consols) alre a d y existing.
T he in te re st a t £2$i per cen t per annum u n til th e 5th April, 1903, th e r e a f te r
—M r. F ran cis H a rrin g to n has re tire d as Second V ice-Presi
a t £2)$ per cen t, will re p a y a b le on th e 5th Ja n u a ry , 5tn April, 5th Ju ly an d
5th O ctooer. T h e tlrst dividend fo r a fu ll th re e m o n th s’ In te re st will be paid dent and d ire c to r of th e E lio t N ational Bank of Boston,
on th e 5th Ju ly , 1902.
T h e stock can n o t be redeem ed u n til th e 6 th April, 1923, b u t on and a f te r th a t
d a te it m ay be p aid off a t par, on such notice, a t such tim e s and tn such am ounts Mass. H is connection w ith th e bank covered a period of
as P a rlia m e n t m ay determ ine. Both th e capital and th e in te re st will he a nearly h a lf a century.
charge on th e C onsolidated Eund of th e U nited Kingdom . T he books of th e
£2%; per cen t C onsolidated Stock (Consols) are k e p t a t th e Bank of E ngland
—T he announcem ent is m ade th a t options on^a m a jo rity of
an d a t th e B ank o f Irelan d . D ividend w a rra n ts will be tra n sm itte d by post,
u n less otherw ise desired.
th e stock of th e C ity T ru s t Com pany of P ittsb u rg , P a ., have
A pplications, w hich m u st he accom panied by a deposit of £3 per cent, will be
received a t t h e Chief C ashier’s office and a t th e dividend pay office. R o tu n d a, been secured by M r. M. K . M cM ullin on behalf of th e Colonial
Bank o f England, au d m ay be forw ard ed to th a t Bank e ith e r directly or
th ro u g h t h e m edium of any banker or sto ck b ro k er in th e U nited Kingdom .
T h e a m o u n t of sto ck applied fo r m u st be w ritte n on th e outside of th e a p  T ru st Com pany of P itts b u rg , whose acquisition of th e F re e 
p licatio n . I n c a s e of p a rtia l allo tm e n t th e balance of th e am o u n t paid as hold B ank w as chronicled in these colum ns several weeks
dep o sit will he applied to w ard s th e paym ent of th e first in stalm en t. Should
th e re be a su rp lu s a f te r m aking tn a t paym ent, such surplus will be re fu n d e d ago. T he stockholders of th e C ity T ru st, it is reported, w ill
by check.
T h e list will be closed on or befo re M onday, A pril 21, 1902.
receive fo r each share $75 in cash and 70 per cent in stock of
T he d ates o n w hich th e f u rth e r p aym ents will be req u ired a re as follow s:
£5>$ per c en tu m on W ednesday, 7th May, 1902.
the Colonial T ru st, w hich a t th e m a rk e t price of $391 per
10
“
T hursday, 5th Ju n e . 1902.
16
“
T hursday, 10th Ju ly , 1902.
share w ould be equ iv alen t to $373 70, th u s effecting th e
20
“
T hursday, 7th A ugust, 1902
m erger on a basis of $348 70 a share. As in th e purchase of
20
“
T hursday, 4th Septem ber, 1902.
20
“
T hursday, 9th O ctober, 1902.
T h e in sta lm e n ts m ay be paid in fu ll on an d a f te r th e 7th May, 1902, u n d er the F reehold B aok th e Colonial w ill issue 5,000 new shares
disco u n t, a t th e ra te of £2§tf per c e n t per annum .
In case of d e fa u lt in th e p aym ent of any in sta lm e n t a t its proper d ate, th e of stock (par $1C0), selling these a t $350per share. By th is
dep o sit aDd t h e in stalm en ts previously paid will be liable to fo rfeitu re .
Scrip certificates to b earer, w ith coupons atta c h e d fo r th e dividends p ay ab le m eans an addition of $500,000 w ill be m ade to the capital, in 
on 5tn Ju ly , 1902, and 5th October, 19t)2, will be issued in ex ch a n g e fo r tb e pro
visional receipts. As soon as th e s e scrip certificates to bearer h ave been paid creasing it to $3,000,000, w hile the surplus w ill be raised
in full th ey can he inscribed, in o th e r w ords can be converted in to stock, or from $3,250,000 to $3,000,000. The City T ru st Com pany w as
th ey can be ex ch an g ed for sto ck certificates to b earer in denom inations of
£100, £200, £600 a n d £1,000, w ith o u t paym ent o f any fee, provided such ex organized la st Ju ly , w ith a cap ital of $500,000, as successor
change is effected n o t la te r th a n 1st December, 1902.
Stock certificates to b earer will h av e q uarterly coupons a ttach ed . Inscribed to th e C ity Savings B ank. The Colonial T ru st and Freehold
sto ck will he co n v ertib le into stock certificates to bearer, a t any tim e, on pay
m e n t of th e usual fee of tw o shillings per c e n tu m ; aud stock certificates to B ank th is week m oved in to th e ir new q u a rte rs on F o u rth Ave.
h earer can he inscribed, or in o th er words converted in to stock, on paym ent of
th e u su al fee o f one shilling per certificate.
—T he capital of th e L incoln N ational Bank of P ittsb u rg ,
A pplications m u st be fo r even h u n d red s o f stock, b u t th e sto ck once in 
scribed wtll be tra n sfe ra b le in any sum s w hich are m u ltip les of one penny.
P a., is to be increased from $300,000 to $600,000. The new
A pplications m a st be on p rin te d form s, which m ay be obtained a t th e B ank
o f E ngland and th e B ank of Ireland, or a t any of th e r branches, a t anv of th e stock, although of a p a r of $50 per share, w ill be sold, it is
L ondon banks of Messrs. M ullens, M arshall & Co., 4 L om bard S tre et, L ondon,
E. C„ o r of an y of th e principal stockbrokers.
stated, a t considerably over $100 per share. Mr. C. B.
M essrs. J . P. MORGAN & (’O..
I Now Y n rt
BARIN G, MAGOUN & CO., ( wew v ork ’
McLean is th e P resid en t and M r. W . R . C hristian the C ashier.
D R E X E L & CO., P h ilad elp h ia.
K ID D ER , PEA B O D Y & CO., B oston,
—On May 17 th e stockholders of th e T itle G u aran ty &
are au th o rized to fo rw ard applications for allo tm en ts of th e above-described
B ritish Consols.
T ru st Com pany of S cranton, P a ., w ill vote on th e proposi
—A certificate of au th o rizatio n h as been issued by th e tion of increasing th e cap ital fro m $300,000 to $750,000. The
S tate B anking D ep artm en t to th e Coney Islan d & B ath shares are of a p a r of $100 per share, and th e stockholders
Beach B ank to do business in N ew Y ork City. The bank has w ill be given th e rig h t to subscribe pro ra ta to the new
a cap ital of $100,O O and a paid-in su rp lu s of $25,000. A m ong issue.
C
th e directors are Jam es L. H a rt, R ichard K. H aldane, C harles
—The d irecto rs of th e W yom ing V alley T ru st Com pany of
H. R en ter and J . G. Jen k in s J r .
W ilk es-B arre, P a ., w ho are em pow ered to increase the o ap
—T he organization of th e N o rth ern N ational Bank, w hich ital at any tim e they see fit u p to th e am ount au th o rised by
w as announced in th is d ep artm en t last week as in progress, th e ch arter, nam ely $350,000, adopted a resolution on March
has been com pleted. T he bank w ill be looated a t 893 B road 19 increasing th e paid iu oapital from $150,000 to $300,000.

tiori of the haute has m ade q u ite rapid progress, aud it w ill
probably soou be com pleted.
—P lans fo r th e extension of th e N ational P a rk Bank
B uilding on the re a r of th e p ro p erty , ru n n in g th ro u g h from
A nn S tre e t to F u lto n S treet, have been filed. T he old
stru c tu re s on th e site have been rem oved and w ork on the
extension has begun. The general plan w as outlined in
this d ep artm en t O ctober 13 last year. The extension w ill be
th ree stories high an d will cost $350,000.
—T he C om m issioner of In te rn a l R evenue on Tuesday
announced th a t he had .affirmed his previous ru lin g th a t
certificates of stock held as co llateral are tax ab le u n d er the
w ar revenue law . In presen tin g his a rg u m e n t ag ain st th e
ru lin g , a fte r th e decision of th e C om m issioner was first a n 
nounced, the atto rn e y of th e New Y ork Stock E xchange re 
quested th a t in case th e ru lin g should bejaffirm ed th e m a tte r
be refe rred to th e A ttorney-G eneral. T he C om m issioner h a B
com plied w ith this req u est an d steps have been tak en for such
reference.
—A m eeting of th e stockholders of th e Corn E x ch an g e B ank
w ill be held May 5 to act upon a proposition to increase the
oapital frc m $1,400,000 to $3,000,000; th e increase is to be
m ade because of th e aug m en ted business of th e bank. Of
th e new stock, 5,600 shares w ill be offered to stockholders of
record May 8 a t $350 per share. T he rem ain in g 400 shares of
new stock w ill be disposed of by th e d irecto rs for th e best
in terests of th e bank.
—The follow ing is th e official prospectus of th e new issue
of £33,000,000 B ritish consols. T he p ublic offering w as £16,000,000, th e o th e r h a lf h av in g been ta k e n by lead ing B ritish
an d A m erican banking houses, as set o u t in o u r a rticle on
th e F in a n c ia l S itu atio n .

A p r il 19, 1903.]

THE CHRONICLE.

805)

—The annual statem ent of the Direction Der DiscontoThe additional shares (1,000) are of a par of $50, and will be
sold at $100 each. Paym ents on the new]issue will be made Gesellschaft of Berlin shows the total turnover in 1901 was
as follows: 50 per cent on or before May 1 and th e balance on £1,284,000,000, against £1,230,000,000 in 1900; the balances on
or before Ju ly 1. The m anagem ent of the in stitution is in deposits and current accounts on Dec. 31 were £11,195,176,
the hands of Mr. F red. Theis, President; Liddon F lick, Vice- The total assets a t same date were £25,777,852. In order to
meet the increased requirem ents of capital for the new
President, and Glenn C. Page, Treasurer.
—The following self-explanatory notice is published by the branches in London and Frankf ort and to provide for p ar
Mechanics’ N ational Bank of St. Louis, Mo., in the St. Louis ticipations such as th a t w ith the Allgemeine Deutsche CreditAnstalt, Leipzig, it is proposed to raise the capital of the
Globe-Democrat:
“ To do a w a y w ith a ll p o ss ib le m is a p p re h e n s io n a n il u n e a s in e s s on Dlsconto-Gesellschaft from 130,000,000 m arks to 150,000,000
th e p a r t o f th e s to c k h o ld e rs a n d c u s to m e rs o f th e MeohaniOB’ N a tio n a l marks. A dividend of 8 per cent was declared on the present
B a n k c a u s e d b y p e r s is te n t r e p o r ts o f I ts p ro p o s e d c o n s o lid a tio n capital.
w ith , o r s a le to , so m e o th e r I n s titu tio n , th e officers of th e b a n k ta k e
As in consequence of the death of Baron W ilhelm von
th i s m e a n s o f g iv in g n o tlo e t h a t a ll su c h r e p o r ts a r e fa lse , a n d a re
b a s e d m e re ly u p o n u n fo u n d e d ru m o rs s e t a flo a t f o r sto o k -jo b b in g o r Rothschild, the firm of Messrs. M. A. von R othschild &
Sohne in F ran k fo rt O. M. w ent into liquidation, theD iscontoR. R. H u t c h in s o n , President.
m a le v o le n t p u rp o s e s .
C. O. A u s t in , Cashier.'’
Gesellschafl; resolved to open a branch in th a t city, and
—A project is on foot for the absorption of the Commercial greatly owing to the amicable support of the oth er R oths
N ational Bank of P ittsb u rg and the real estate firm of Messrs. child houses the business has commenced under m ost satis
W. A. H erron & Sons by a new institu tio n now undergoing factory auspices.
form ation, to be called the Commonwealth Real E state &
A c o n so lid atio n ^ interests has been entered into w ith the
T ru st Company. The deal, it is expected, w ill be arranged Allgemeine Deutsche Oredit-Anstalt, Leipzig, and the Dison the basis of $200 for each $100 share of th e tru s t company, conto-Gesellschaft has also taken a capital interest in this,
which has a capital of $300,000.
the principal bank in Saxony.
—The consolidation of the St. Louis and U nion T ru st com
panies of St. Louis, Mo., Lunder the nam e of the St. Louis
IMPORTS AND EXPORTS FOR MARCH.
Union T ru st Company, was practically com pleted a t a meet
ing of the stockholders of the St. Louis T ru st on th e 10th inst.
The Bureau of Statistics at Washington has issued
The last-named in stitu tio n , w hich absorbs th e U nion T rust,
the statement of the country's foreign trade for
will increase its capital from $3,000,000 to $5,000,000, the
stockholders of the U nion to receive for each share one share March, and from it and from previous statements
of the new stock, together w ith $92 40 in cash. The consoli we have prepared the following interesting summaries:
F oreign T rade m ovem ent o p t h e U n ited St a t e s .
dated company has a capital, surplus and profits, am ounting
[In the following tables three cipher* (000s) are In all oases omitted.]
to $9,000,000. Mr. Thomas H. W est, form er President of the
i am .n 9
QAA-A1
St. Louis T rust, continues a t th e head of th e new concern
Excess’
Exports. Imports
Exports. Imports.
Excess.
As announced in our issue of F eb ru ary 8, five Vice-Presidents
M e r c h ’ d ise . 8
1
t
$
t
l
319,930 185,0*9+134,881
all of equal rank, have been nam ed in the persons of John F. July-Sept.. .. 324,467 2 1 3.037+111,430
445,982 204.682+241.300
Oct.-Dec.. .. 419,056 233,948 +185,114
Shepley, John D. Filley, H enry C. H aarstick, N. A. McMillan January .. . 129,145
136,326
69,307 +67,010
79,133 +50,007
112,967
64,502 +48,155
68,350 +33,220
and R obert S. Brookings. Mr. George A, H. Mills will February.. . 101,570
83,894 +22,460
124,474
75,887 +48.587
officiate as Secretary, Allen T. W est as T reasurer, Isaac H . March....... . 100,360
Total...... 1,080,598 678,381 +402,237 1,139,609 599,427 +540.242
O rr as T ru st Officer, Adolph H. Stille as A ssistant T rust
G old and G old In O r e .
Officer and A. C. S tew art as Counsel.
22,105
23,363
-1,198
July-Sept..
19,472. —16,282
3,190
+5,741
1.529
26,761 -25,232
—In order to vote on an increase in the capital, a meeting Oct.-Dec...
25,102
19,861
1.407
8,221
4,265
+3,968
1,975
+588
of the stockholders of the C entral T ru st & Safe Deposit Com January....
1,859
February .
8,665
+6,968
417
—1,442
1,697
pany of C incinnati, Ohio, has been called for May 19. U nder March........
-2,030
4,732
2,609
490
2,520
+2,123
the proposed plan th e capital, now $250,000, w ill be enlarged
44,546
32,823
58,708 -25,948
Total..... .
43,664
-882
to $500,000, the purpose being to issue 2,500 new shares of a
S ilv e r and S ilv e r In O r e .
13,053
7,356
July-Sept..
17.182
11,421
+5,697
par of $100.
+5,711
+5.495
14,151
8,666
18,719
9,830
Oct.-Dec...
+8,889
—A t a special m eeting of the board of directors of th e W is January....
4,791
3,190
4,526
2,108
+2,417
+1,601
3,926
2,005
+1,921
4,579
2,189
+2,390
consin N ational Bank, M ilwaukee, held M arch 29th, Mr. L. February..
2,296
+2,444
March.......
3,329
5,150
2,706
+1,033
J . P etit was elected V ice-President, Mr. F red ’k H asten 2nd
38,984
22,421 +16,568
29,336 +21,034
50,371
Vice President, and Mr. Chas. E. A rnold was prom oted from Total......
+ Excess of exports.
— Excess of imports.
A ssistant Cashier to Cashier. Mr. Oliver C. F uller was elected
as a director to fill the vacancy caused by the death of Geo.
We subjoin the totals for merchandise, gold and
G. H oughton, the late V ice-President of the bank.
silver for the nine months since July 1 for six years.
—A t the m eeting this week of th e directors of the Fed
Go l d .
Silver .
Me r c h a n d is e .
eral T rust C om pany: of Chicago, Judge E. H. G ary was
elected C hairm an of th e board. Mr. T. P. Phillips is the Nine Exports. Imports. Excess E x Im Excess E x Im Excess
M08.
of
of E x
of
Exports ports. ports. Exports ports. ports. ports.
President of the company.
$
$
$
$
$
$
4
$
«
—On May 1st Mr. Raym ond retires from th e firm of R ay
0 1 -0 2
44,646
678,361 4 0 2237
*882 38.984 22,421 16,563
mond, Pynchon & Co., Chicago and New Y ork, and two new 00 -0 1 1,080,598 5 99,427 540212 43.664 58,768 *25,940 50,371 29,838 21,035
1,189,660
32,822
firms w ill result from the reorganization. In New York 9 9 -0 0 1,058,631 641.776 411855 26,002 33,772 *7,770 41.84* 24,672 16,774
George Pynchon and C. A. H am ill w ill retain th e present 9 8 -9 9 947,908 500.023 4 4 7 970 13,402 80,298 ♦66.894 43,957 23,920 20,037
9 7 -9 8 925,906 455,253 470662 13,598 71,158 *57.560 42,085 25,234 17,431
offices and do business under the style of Pynchon, H am ill & 96-97 822,280 498,867 323413 13,686 82,000 *65,364 47.613 22,601 25.012
Co., while the Chicago firm w ill be composed of H. V. Lester,
* Excess of imports.
L. D. Kneeland, A. M. Clements and J. F. C urtis under the
Similar totals for the three months since January 1
name of Lester, K neeland & Co. Mr. L ester w ill represent
make the following exhibit.
the Chicago firm in New York.
—Mr. C. A. W hyland w ill open an office May 1 a t 144 La
Me r c h a n d i s e .
Go l d .
Si l v e r .
Salle St., Chicago (the premises now occupied by M oulton, Three
Excess
Excess
Mos. Bxports. Imports. Excess E x 
Im
MaIm of Ex.
of
of
Lathrop & Co., w ho on th a t date remove to th e new N ational
Exports ports. ports. Exports Varts. ports. ports.
Life Building), to engage in the purchase and sale of m unici
$
c
9
t
t
9
t
%
$
pal and corporation bonds, city certificates and o ther high- 1 9 0 2 . 337.076 231,882 105098 15.372 5,713 9,660 11.780 6.409 5,371
1901. 373,757 209,696 164061 9,128 8,644
481 14,620 8,085 6,435
grade investm ent securities.
2,862 15,004 8,164 6,840
1900. 371,181 231,253 1311028 8,176 5,824
—Mr. W alter H , W ilson has resigned the Vice-Presidency 1 8 0 9 313,088 191,310 122600 3,493 14,7*0 *11.296 14,758 7,682 6,976
of the Royal T ru st Company of Chicago so as to have more 1 8 9 8 . 315,964 165,464 1 50500 4,417 43,368 *3 "4,940 12.168 7,199 4,969
1897. 261,055 186.943 74,112 1,370 3.212 *1,842 13.820 7,115 6,705
tim e to devote to the interests of the banking and bond house
* Excess of Imports.
of Otis, W ilson & Co. and of the recently organized Chicago
In these tables of totals, gold and silver in ore for
Bavings Bank.
—The Iowa State Bankers’ Association w ill hold its six all years are given under the heads respectively of
gold and silver.
teenth annual convention in Des Moines on May 21 and 22.

IM E

810

C H R O N IC L E

[Vol. LXXIV.

The following ahowa the merchandise balance for sterling and the proportion to the Bank’s liabilities was 44
per cent.
each year back to 1875.
Money in the great Presidency financial centers in India is
a xoasa o r M aBoaicmiaa im posts on expo rts .

gradually getting easier. The official rate of the Bank of
Bengal has been reduced to 6 per cent, and although the first
allotment of the India Council drafts for the new financial
year showed no falling off in the amount of applications,
those who tendered were not w illing to pay as high a price
as they have been doing of late. The Council offered sixty
lacs and the market applied virtually for 700 lacs. The
........E x p o rts .
245,495 prices offered ranged from Is, 3 31-33d. to Is. 4d. per rupee, and
1882
.. ..Exports, 05,094)218 1 8 8 2
. .. .. E x p o r t s . 60,834,993
1883 ............Exports) 105,410,402 1 8 8 3
......E xp orts. 21,102,338 the Council was compelled to accept tenders for about 80 per
1884
.......Exports. 83,222,414 1884
........E x p o r ts 48,646,123 cent of the amount allotted at the lower figure. This at
1 8 8 5 .. . .....E tports.157,994,856 1 8 8 5
..
E x p o rts . 553,978 once had the effect of weakening exchange between this
1886—..,.,__ Exports. 44,518,454 1 8 8 6
1 8 8 7 .. . . , .Exports. 08,880,220 1 8 8 7 .. ................................E x p o rts . 17,626,050 and India, and as the whole object of the present
1 8 8 8 .. ., _. Exports. 15,047.454 1 8 8 8 .. . _Im p o rts . 17,925,209 country
1 8 8 9 .. _.. .Exports. 33,548,303 ! 1 8 8 9 .. . . .... E x p o rts . 5,023,324 financial policy of the Indian Government is to maintain
1 8 9 0 ............... E xports.l 11,902,104 1 8 9 0 .____ . .. .E x p o r t s , 24,662,400 exchange as far as possible, the India Council rightly de
1891
. Exports. 79,731,751 1891 . . . . . . . . .E x p o rts . 26,905,560 cided to reduce the amount which it offers for tender from
1892
_... .Ks.ports.209,383,006 1892 ......................................... E x p o r ts . 53,932,822 lacs per week.
1 8 9 3 .. .......Exports, «,652,488 1 8 9 3 .. . . . . _Im ports. 37,454,805 60 to 50
Trade is undoubtedly improving in India, and there have
1 8 9 4 .. .....E xports. 229,457,884 1 8 9 4 .......... . ...E x p o r ts . 50,951.614
1
1 8 9 5 .. . . . . . . ..Exports. 87,518,406 8 9 5 .. . .....Exports. 7,215,171 been cables this week reporting good rains over extensive
Exports. 42,664,737
1896___
Exports. 70,590,501 1896............
1 8 9 7 ., .......E xports.323,413,6 22 1 8 9 7 .. ....... E x p o r ts . 74,112,377 areas of the country, although in some districts there has
....... E x p o r ts.150,600,077 been no rain. Last financial year, it w ill be remembered,
1 8 9 8 .-.,____ Exports. 470,651,994 1 8 9 8
....... E x p o r ts,122,669,317 the total sales of Council drafts realized under 13 millions
1899.........
Exports. 447,970,376 1 8 9 9
. .. .. E x p o r t s . 139,927,859 sterling. For the year that has just closed the total sales
1 9 0 0 .. . , ...Exports. 411,854,606 1 9 0 0
.. ..E x p o r ts .164,060,645
1901
.......Exports. 5 40,241,95 3 1 9 0 1
exceeded
1902 .........................................
1902
___________________________E xports.402,237,131 E xp orts. 105,692,699 in value 18J^ millions sterling. India, therefore,
may be said to have very nearly recovered from the terrible
effects of two years of famine. From the Council’s point of
3 P 0 t t e t a i c ® f ® 0 m m j e i e c t a I ^ t x f i l i s R ^ e w s » view it w ill be seen that there is no necessity to press the
sale of drafts, as the home charges and tue charges for stores
LFrom our own correspondent.]
have been more than covered and the Indian Government
starts the financial year w ith a heavy balance to its credit.
L o n d o n , Saturday, April 5, 1903.
In the Stock Exchange, w ith the exceptions that have been
So far as the war in South Africa is concerned there is
mentioned ot heavy buying of consols and South African
very little change to report. The peace rumors con tiiu e securities, especially of consols upon French and German
persistent, hut the Americans here attach very little import account, there has been hardly any business doing. That is
ance to them, although it is adm itted that negotiations are to say, certain arbitrage houses have done a very handsome
business,
of the House
in progress, W e have had already too many disappoint, have beenbut the great body of the members week. So far
almost com pletely idle during the
m ents to regard the rumors very seriously until some definite as American securities are concerned prices here merely
statem ent is announced or such captures take place as would reflect those cabled from W all Street. There is an impres
virtually briDg about a term ination of the war. Neverthe sion that too large a proportion of recent issues in America
are still in the hands of the great syndicates, and conse
less upon the Continent, as was the case in the short Kaffir quently at the present level of quotations there is very little
boom of February last, considerable im portance is attached disposition on the part of the home public to buy American
railway securities.
to the rumors.
The following return shows the position of the Bank of
W e have had this week, in spite of the interruption to busi
England, the Bank rate of disoount the price of oonsols, &c,
ness caused by the Faster holidays, an enormous amount of compared w ith the last three years :
business in consols and kindred securities, m ainly purchased
1899.
1902.
1901.
19C0.
A p ril 6.
A pril 4,
A p r il 3,
April 2.
on French and G-erman account. The explanation given is
X
X
S
29,110.265 30,073,915 79,807,820 27,894,895
th at the great financial houses on the Continent believe the C irculation......... .....................
Public d ep osit*..,................
15.124,846 10.8o9.603 10,214,101 12,785,574
42,141,726 38,948,276 41,491.812 38,186,163
war is really coming to an end, and that although a big Other d ep osits................
Oovernxaent secu rities.............. 16,274,886 11,883,968 15,647,303 13,849.728
36,373,000
Government issue in a few weeks’ tim e is inevitable, it w ill Other secu rities.......................... 36.588.669 84,176 979 32,289,901 18.995,801
Reserve ot n otes and coin__ __ 23,046,953 21,851,083 21,080,881
Coin
not prevent a rapid advance in the price o f our premier Prop,& bullion, both departm ’ts 35,279,518 34,160,400 83,721,861 30.(90,790
87 8-16
wt
44 3-18
reserve to liab ilities., d . o. 4111-16
3
4
4
8
security. If their information is good no doubt their con Bank r a te ..................... per cent.
U0%
ioi%
95 7-16
94%
Consols, 2M per cen t.
87 7-16d
87^4
24 18-l6d. 26 16-16d.
Silver.......... .
clusion is right; but the home public and home market are
Clearing-House r e tu r n s.......... 148,088,000 288,208,000 823,294.000 151.288.C01
aw aiting results. M eanwhile the war drags on. W e have
SasrllB la F in a n c ia l! f f l a r l t e l s - P s r C a b le ,
had one mishap th is week and the usual batch of weekly
captures announced by the eommander-in-chief. The most
The daily closing quotations for securities, e tc ., at London
serious incident in connection w ith the war recently has ate reported by cable as follow s for the w eek ending Apr. 18:
been the trial by court martial and the shooting of tw o
Mon. Puss.
Wed. Thur$, S ri.
LONDON.
Sat,
officers belonging to the Australian contingent. W e are not
24%
24%
24%
24%
r
ce
d, 2411,6 24%
yet In possession of a fu ll statem ent of the facts; but very S ilver, p en eo u,n2% ——ts . S ilS jg 94%
04%
Oonsols., w
p .c
94%„
938s
93%
94131(
great regret is felt amongst all classes here that it should
93%
94%
F o r a c c o u n t.. . . . . . . . . y
941*16 93%
have been necessary to make so severe an example and we F P o h re n te s fin P a ris ifr. 00-97% 0 0 -0 2 % 01 *0 2 % 00-92% 100 90 101-05
78 %
78%
78%
78%
78%
all join in sym pathy w ith our Colonial fellow subjects at the S panish 4 a . . . . . . . . . . . . . . 78
5%
5%
A n a co n d a M in in g . ......
5%
5%
57s
5%
unfortunate incident.
86%
82%
83%
81%
81%
Ateh. T op. & S a n ta F e.. 81%
101
101 %
1 0 0 % 100 % 101
Owing to the consols settlem ent this week, the demand in
P r e f e r r e d . . . . . . . . . . . . . . 100
112 %
connection w ith the Easter holidays, and the fact that the B altim o re & O h io . . . . . . 108% 11 0 % 109% 111 % 112
99
99
99
£9
99%
98ia
P r e f e r r e d .............
Government has not paid out as m uch on account of m ili C an ad ian P a o ifle ......... 119
124%
122
124
122 % 1 2 1 )%
tary stores as had been expeeted, money, although considera C hesapeake & O h io .... 47%
47%
40%
47%
47%
48%
26%
26%
25%
25%
25%
bly easier than it.has been during recent weeks, is neither so Ohica. G re a t W e s te rn .. 25
175%
172% 172% 176% 176
Mil. & St.
u ...
plentiful nor so cheap as it w as expected it would be, The Ohio. & Rio G r„ P a ml.... 172
44%
46%
45%
45
48
45
Den.
co
Bank of England rate of discount remains at 3 per cent.
94%
94%
94%
95%
Do
do P re fe rre d . 94
94%
40%
33
39%
38
37%
Rates in the short-loan market have ranged from about %% ffirie ,c o m m o n . . . . . . . . . . 37%
72
70%
70%
70%
71%
1 s t p r e f e r r e d . . . . . . . . . 70
per cent to 2% per cent, and sometimes Bank rate has had to
57
56
55%
55
56
2d p r e r e d
...
56
be paid. In tne discount market similar figures are quo’ed Illinois e f e n rtr a l........... — . 145% 146% 148
146% 147% 150
C
129%
and still higher ones for all those who are not in really first- L onisville & N ash v ille.. 120*8 124% 130% 128% 126
31
32
31
31
SI
class credit or have a quite exceptional security to offer. Never M exican C e n t r a l . . . . . . . 31
19%
19%
19%
I9*a
19%
tio n a l. . . . . 19%
theless, there has been a considerable change in the position in M exican. N a T e x .,c o m ... 25
28%
26%
25%
25%
26
Mo, K a n &
the market this week. The Government has paid between tw o
57
57
56%
56%
P r e f e r r e d . . . . . . . . . . . . . . 56
56%
187% 108%
166% 167% 167
and three millions sterling out, and of course to-day the d ivi N, Y. C e n t’l <&H udson,, 167
34
35%
33%
33%
3338
M. Y, O ta rio
33%
dends on the funds are being paid. Consequently, early next N orfolkn& W e s& W est’n 58%
59%
58%
59%
58%
58%!
te rn . —..
week money should once more be plentiful and cheap. The
92
02
92
92
93
Do
do
p r e i 93
77%
77
77%
77%
77
best opinion, however, is that it w ill not long remain so. P e n n s y lv a n ia .. . . . . . . . . . . 77
32
31%
29%
29*8
T h il a . & Stead - ........... 49%
29%
Parliam ent w ill re assemble on Monday next after the Easter
48%
42%
42%
42%
42
42^4
"P h ils,
,1st
recess, and w e may expect very shortly the statement from ♦Phila. & B ead,,, 2d p re f 35%
3c> %
30%
86
35%
35%
& B e ad
pref,
ti# ^ . 6 8 %
the Chancellor of the Exchequer regarding the new taxes, S o uthern P a c ific .. . . . . . . 68
68%
68%
68%
88
35%
39%
38%
S6%
w hich seem to be inevitable, and also the amount of the new 8o n th ’n B a ilw a y , c o m .. 36
99
99%
98%
97% 10 0 %
97%
rre ——..........
loan. Exactly w hat form it w ill take is not yet known, nor OP re feP a cdific ...,.—. .. 104% 105% 105
10.5% 105% 106
nion
—
of course the actual amount of the issue. The general im 
90%
90%
90%
90
90%
90
P re fe rre d —
,4'2%
48%
42%
42%
42
pression is that it w ill take the form of a further issue of U, S. S teel O orp., com , 42%
96% i 96%
95%
95%
05%
Do
do
p ra t.
96%
consols, very much the same as that of last year, The Bank
25
25% ! 26
24%
24%
abash..........
of England reserve has fallen to ju st under 24 m illions ster
42%
46% | 46% : 46%
Do preferred...— 45
45%
80
ling, but its proportion to the liabilities of the Bank is better
80%
79% 1 80
Do
Deb, “ B ” . . . . . . 79%
than it was last week at almost 42 per cent. A t this time
last year the reserve was only slightly above 2 1 ^ m illions
Price per share,
.

.

3 month.:, e n d i n g M arch 81—
'J 'Ho til As n u l i n g M arik 811 *> .->
? ----- ------Exports.
l ? 1 8 7 5 ................E x p o rts . $1,095,570
1 8 7 0 ................E x p o rts . 80,620,507
137 o ___ ,Exports. 6o, 200, 206
1877
...... E x p o rts . 41,620,311
1 8 7 /______
Export*).
154,'776,082
......Ex p o rts. 101,155,003
1 8 7 8 ...............Exports. 203 ,1 U/701 187 8
1979 ............Bxporta.220,5*72,061 1 8 7 9 ................ E x p o rts . 72,047,006
... ..E x p o rts , 22,561,873
1880.........., ..Exporta.lSO,082,291 1 8 8 0
........E x p o rts . 78,128,038
1 8 8 1 ., ____E xports.234,840,790 1 8 8 1

THU

A pril 19, 1902.

CB RONIOLK.

811

®0mm z x t i n X and W C i& c j d lv c u z a n s W & w 9

The foregoing does not include the bonds held in the New
York Sub-Treasury against, deposits in banks. There were so
Imports and Exports for the Week.—The following are held on Moh. 81 $11,292,000 bonds, making the whole
amount at that date in possession of the Government as se
the imports at New York for the week ending for dry g o o d s curity for deposits $127,994,160.
April 10 and for the week ending for general merchandise
The following shows the amount of national bank notes
afloat and the amount of the legal-tender deposit March 1
April 11; also totals since beginning first week January.
and April 1, and their increase or decrease during the
FO
REIG IM R
N PO TS.
month of March.
1900.
1901.
1902.
1899.
D r y Goods__
$2,336,134 $2,090,020 $2,161,066 $2,036,892
8,237,530
7,624,408
Gen’l mer’dlse
8,502,784
9,502,000
Total....... $10,838,918 $10,327,550 $9,785,474 $11,538,392
S in c e J a n . 1.
Dry Goods__ *41,350,618 $34,985,633 $43,775,624 $35,340,253
Gen’l mer’dlse 124,739,209 127,987,109 129,618,545 123,584,161
Total 15 weeks $166,089,887 $162,922,742 $173,394,169 $158,924,414
F o r w eek .

N a t i o n a l B a n k N o te s — T o ta l a fl o a t—

Amount afloat Maroli 1.1902...... ......
$358,434,867
Amount Issued during March..............
$4,777,357
958,460
Amount retired during Maroli.............
5,735,817
Amount bank notes afloat Apr. 1,1902..
$357,476,407
L e g a l T e n d e r N o te s —

Amount of deposit toredeemnatlonalbanh
notes Maroli 1,1902.............. .............
$38,359,943
Amount deposited during March............... $3,687,782
Amt. of bank notes redeemed In March. ... 2,031,700
1,656,082
The following is a statement of the exports (exclusive of
Amount of deposit to redeem national
•peoie) from the port of New York to foreign ports for the
bank notes April 1,1902...... ............
$40,016,025
week ending April 14, and from January 1 to date.
The portion of legal tenders deposited (1) by banks becom
EX R FR M NEW T R FO TH W
PO TS O
O JK B E EEK.
ing insolvent, (2) by oanks going into voluntary liquidation,
and (3) by banks reducing or retiring their circulation,
1900.
1901.
1902.
1899,
was as follows on the first of each of the last five months.
For the week.. *12,563,812 $10,311,773 $10,959,312 $8,302,073
J a n . 1.
F eb. 1.
M arch 1.
A p r. 1.
Prev. reported 127,475,092 137,844,162 144,563,134 128,716,295 L e g a l T e n d ’s. D ec. 1.
D e p o sits b y —
$
Total 15 weeks $140,038,904 $148,155,935 $155,522,446 $137,018,368
$
$
$
insolvent bus. 766,744 707,470 666,920 616,005 877,245
The following table shows the exports and Imports of Liiquid’g bks. 8,747,948 8,835,068 9,966,899 9,866,161 9,821,550
•peoie at the port of New York for the week ending Apr. 12 Sed’c’gund.* 23,993,833 25,737,882 26,532,405 27,877,777 29,317,230
sotof 1874.
and since Jan. 1, 1902, and for the corresponding periods in
Total..... 33,508,525 35,280,420 37,166,224 38,359,943
1901 and 1900.
*Act of June 20, !87<t, and July 12,1882.
BXFO
BTS A OIM STS O SP C ) A H TOBK.
IS
PO
P E IE T EW
GOVERNMENT REVENUE AND EXPENDITURES.—Through the
I m p o r ts .
E x p o r ts .
courtesy of the Secretary of the Treasury, we are enabled to
G o ld .
W eek.
S in c e J a n . 1.
W eek.
S in e s J a n . l . place before our readers to-day the details of Govern
ment receipts and disbursements for the month of March.
.......
Great Britain.......
$143,250
$ . ..
From previous returns we obtain the figures for previous
France.............. 2,518,689 14,130,238
434,250 months, and in that manner complete the statement for the
Germany.... ..........
1,586,104
15
West Indies.........
4.000
2,300
493,425
80,925 nine months of the fiscal years 1901-02 and 1900-01. For
Mexico.... ........ .
2.000
2,584
19,100
14,727 s t a t e m e n t o f M a r c h , 1901, see C h r o n ic l e A p r i l 27, 1901‘
,
South America......
59,000
111,286 , 392,675 p a g e 804.
313,014
All other countries.
1,550
102,296
77,530
RECEIPTS AND DISBURSEMENTS (000 o m itted .)
Total 1802...... $2,583,689 $16,787,427 ~ $117,720 $1,000,122 © * 1 CQ 3 O CO Tfi 0 <-*(
D
4
0 i.v i » a- IQ . L - W © 0 £> CD< 0
4 Q TJl
r-i
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>
i ©4
Total 1901.......
27,766
27,966 10,402,379
827,937
G 5 •iJ
O ©
O
o< s* O
Tfi © CN CD © e
5< 4 *Q tX TP 0
TP
o
0 0 lO 30
©
CO © Tfi £«
0 tQ iQ i>00 IQ CD © rH IQ ©
4 H r - IQ
CD
C4 Tb
Total 1900......
529,220 7,964,632
18.900 1,070.918 s C s i
j
© CO a?
0 © 0 V4 4
4
CO TP *Q CO © *
0 0 CD ^ ©yA L*
© £'
to
TP 0 co"ad CO TP
4 -..v rH rH
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4 CO
4
0 © rH ^ © ©
0CD *Q ^ 04 CO
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04 CO
- jt
E x p o r ts .
Im ports,
a
■
£ B
rH
A
S ilver,
I
V t> 0
J. p
3 0 —0 ©
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OL J 3
n
©© — CO 0 0 CD c - c o © I©
4 © 4IQ «>
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40 0
4
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4
© © © CD C- J>» O
4
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Since J a n . 1.
Week.
S m e e J a n .l .
1
© rH © T*
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0 © Te r - £>
0
©
CO rH 1C4r-<
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Great Britain . . . . . . .
I
00
*3 ©
00
41 ©
-tr
$693,480 $10,767,986
r 0 r-i 0
—
4 © C> © - r-i
$844
France.............
j
C
5
T*
ID JL © I> © f-l 1
512,943
Ti* CO © A- - ©
o
© O © ©
O
®
°
1 NJi 5OOJ -«> 0© CD TT«
rH Q
^ CO ZH © iQ
* * !’• © £ • © © j ©
T* ©
Germany...............
1,000
H
0 4 l> t o IQ CO
40
r©
CD
CO
rH © CO © 0 Ty
4 uo
CO rH © I Q
West Indies..... .
19,252
” 11348
51,378
909
CD Ot io
©
© x o f
O0 t o 0 0 I ©
b 0 r-i 4 CO ad _
4
0 QO 0 0 71
4 OO
0 4—
\ (M —
r0
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Mexico...........
29,011
1 8 3 ,3 4 8
11,1X6
4
* £>
© 040COCC©
cO 5 O - ID O
5
r-i © CO©
CO
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South America.....
700
177,566 g* | *04 rH 0 P ’ C’ ® ©
37,052
(X: tO ^
TP © - ^ © — T!*
TP
>
40 c
X
td CD 03-^ iO
All other countries,
I ^© O S I
tCCD rH * t—
*
1,000
© 0 .C 0 © o
0 D 0 • iO CNjeo D* OL 03© -rH r0 ©4 o o©x
9,867
925
»
0 ©CO ©
404
v> CO 5
4 c© " © IQ
O H
CO
0 © IQ r-, rH ©
3
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0 ^ 0 rH
0 3
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f-l
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T*
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M
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Total 1902.
8694,828 $11,364,018
$50,002 $390,877
r C0 f>
—O5 ©
s- Ob
|
H < 0
,« »
©•CO O '© o o
C4
©
© © ©T#
• C CO © © Tfi t>
M
Totallaoi.
639,050 15,107,773
108,361 1,011,068
* O
CD
m
> 40 CO © IQ O<X ©PO C© «> 0 CQ © TrH
4
0.-H © *
rr
i>
0 JJ CO © CO ©0sO4 C
4
©
© © ik
4 ©O Q OO
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Total 1900.
610,120 15,034,184
93,221 1,202,772
t-d0 CO NM 0 T* J
0
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CD CD TP r-s © CO c*
R j
©
0) r - 1= r r - ;O W TP CO
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rH
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1 0404
j
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©
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4 T* T* D- © tQ C» ©
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CO © o O
cB a n k N o t e s —C h a n g e s in T o t a l o f , a n d in D e p o s it e d
^
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t
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v Tft © CO ©
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4
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0C 40
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15004 CD 1 © O- TP rH
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t-i t o <P © © ©
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er
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B o n d s , E t c ,— W e g iv e b elo w ta b le s w h ic h snow all the
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m o n th ly c h a n g e s in B a n k N o te s a n d in Bonds and Legal
-1 TT
IOC3CO © © CD TJI
.
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T e n d e rs o n D ep o sit. The s t a t e m e n t for February, 1902, will
J \ m - o
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be f o u n d i n th e C h r o n ic l e of March 29, 1902, page 662.
r-< IQ T*
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1901-02 fo r B a n k C irculation.
1 CQ 0 0 0 ‘j
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4 lO TP C CJO tO GO do 0 vs- © ©CO © IQ
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Total.
B onds.
IQ 0 © r - GO TT
0
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$$.**© 5 CO CO© 0 ©
00 4
4
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4 S3 r-i © r* ©
tenaers.
tenders.
s
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0
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0 n ©3— 3 *o
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Mar. 31.. 319,526,330;40,016,025 317,460.382 40,016,025 357,476,407
5 © Tf GO CO 4 r-i © CO
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0
0 CO © © ®
5 « ^ ® CO CD cC 0 ©00 IQ 0 © - © © IQ ©
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IQ rH 03
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Feb. 28. 322,575,030:38,359,943 320,074,924 38,359,913 358,434,867 13 r-iC O rH 0 C- 0 ©
0 H CD rH rH rj. 4
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4r
HC 3
- 0 0 * > r50 4 T*
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1
04
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Jan. 31.. 324,031,280j37,166,224 322,278,391 37,166,224 359,444,615
I-Dec. 31.. 326,280,2801 5,280,420 325,009,306 35,280,420 380,289,726
3
C2
O
«.:
o3
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fc : Nov. 30..;328,107,480 33,508,525 326,212,186 33,508,525 359,720,711
v>g
- )
b : : NH
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fa N-, O O
Oct 31.. 329,833,930 31,713,069 328,198,614 31,713,069 359,911,683
&3
•<.r.
<
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2l
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Sept 80.. 330,721,930 29,985,481 328,845,067 29,985,481 358,830,548
2
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©
+.
3
S—
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C P
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21
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Aug. 31.. 330,279,930 29,012,804 328,406,351 29,012,804 357,419,155
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m© o
July 31.. 329,348,430129,113,530 327,039,373 29,113,530 356,152,903
©o
wa
®° ©
a
ft! C
D
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C M f-H a
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June 30.. 326,219,230129,851,503 323.890,684 29,851,503 353,742,187
at? 3 S |
C C
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b a 25
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For fall explanation of the above table see Chronicle Dec.
b•
o «
.oo
S ®2 » O w 2-2
fd ©© s s
«
14, 1901, page 1232, first item in Financial Situation.
a 08S St;
n
2 o ^1z: 5 a 5
•« S0 So
jO 2
e*£5
h o ££!
HQ
The fo llow ing shows th e a m o u n t of each c lass of bonds
cd
a
ft!
Q
&
jj j

t

oj

tt

tp

cc

tt

t

t

l

id

tp

t

i

t

t

t

h

h eld a g a in s t n a tio n a l Dank c irc u la tio n a n d to se c u re p u b lic
m oneys in n atio n al Dank d e p o sito rie s on March 31.
II. S . B o n d s H e ld M ch .
B o n d s o n D e p o sit
M ch. 31,1902.

P u b lic D e p o sits
m B anks.

5 p. cts,, 1894. due 1904
$110,000
4 per cts., funded 1907..
6,989,100
4 p. cts., J395, due 1925
7,138,750
3 p. Cts.,’98, due 1908-18
6,781.500
2 p. cts., 1900 due 1930.
94,4 (7,800
3’66s List. Col., 1924...
965,000
Total....................... $116,702,150

31,1902, to S e c u r e -

C ir c u l a ti o n .

t o t a l B e to

cellan eou s” 1901............................>

Received on account Central Pacific Indebtedness.... ............)

t

<8412 HOG t)S

To make the figures conform to the Government state
ment,. the amount mentioned in above foot-note should be
added to the Receipts as indicated therein. We have de
ducted this item’ as it does not belong to the regular income
,
account,.and if included would disturb the comparison with
former and future vears.
T r e a s u r y C u r r e n c y H o l d in g s . —The followingcompilatlon, based on official Government statements, indicates the
currency holdings of the Treasury on the 1st of January,
February. March and April, 1902, F o r s t a t e m e n t fo r c o r 

*333,400
$743,400
5,652,500 12,641,000
2,552,600
9,691,350
3,402,080! 10.243,580
307,525,750 401,943,550
965,000
$819,526,830 $436,228,480 r e s p o n d in g d a te s l a s t y e a r se e C h r o n ic l e o f A p r i l 27, 1901,
p a g e 804,

iH E

812

OHBON1CLE

TUEASUE* NET HOLDINGS-

tiOldlHUa W N\*b- 1r’ iinuritia
fc
d

{* ©t yfold Guia and ti ullion„„
NotdUVGr coiu and b u llion .
Not U. 3. Treasury n o tes-..
Nldtiet<ai-tender n otes..
N et n a tio n a l bank n o te s ...
N et fr a c tio n a l s l i v e r ..........

J a n . 1 1001 We6. 1 1008 M u r.l 1002 A p r . 1 1902
4
4
$
800,800,881 839,010,401 388,321,809 214,868,060
8.000,620 10,238,523 21,784,006 10,008,871
160,*! 3
177,610
8J ,881
80,476
9,987,171
6,811,680 10.909,371 11,378,286
10,183,160 18,1.06,958 10,864,021
9,141,288
0,911,887
9,418,003 10,726,609
8.304,087

Gasilin Hub-Treasuries,...... 001,119,080
AmountIu national b anks........ 112,668,686
Clash in banks Asub-treaa... 107,102,081
U a < u cl e urbanl liabilities-*.- . 85,199,812
1

290,738,811 292,843,796 204,402,215
112,678,681 118,438,047 118,041,810
408,317,432 406,777,742 418,683,525
78,620,780 80,418,876 81,077,286

821,008,879 824,790,610 826,801,867 827,860,280
160,000,000 160,000,000 160,000,000 160,000,000

S o ld reserv e f u n d ..

171,003,879 174.790,046 176,801,807 177,866,280
A v ailab le ca sh bala n c e ..________________________________________________
- “ Chiefly disbursing oilieers’ b a la n ces.’’

Stock o f M oney in C ountry .—The following table
shows the general stock of money in the country as well as
the holdings by the Treasury, and the am ount in circulation
on the dates given. The statement for Mch, 1, 1902, will he
found in the C hronicle o f Mch. 29, 1903, page 662; fo r that
o f Apl. 1, 1901, see Apt. 27, 1903, page 804.
r—
Stock o f Money A pl. I .- .
1902.

In the U nited
States.

Held in
tre a su ry .

69,179,462

.

.

G old c o in (In c .b u l’n in T re u a .} !,178,610,790 214,888,050
G o ld c e r t i f i c a t e s . . . . . ...............
...........
19,361,261
S t a n d a r d s ilv e r d o l l a r s . 586,113,905
• • - • ■•-i
♦ S ilv er c e r tif ic a te s ....................
S u b s id ia ry s ilv e r ................—
98,117,944 10,725,609
81,881
88,968,000
T r e a s u r y n o te s o f 1890........
9,987,171
U n ite d S t a te s n o t e s ..... 816,681,016
♦ C u rr’cy c e r t . , A c t J u n e 8 ,'7 2
........
9,141,283
N a tio n a l b a n k n o t e s . . . . 357,476,107

-Money in Oirculation.A pl. 1,
Apl. 1,
1903.
1901,
«
$
685,194,761 626,834,954
898,467,979 248,286,099
447,683,592
82,693,185
83,881,119
888,698,816

848,336,174

72,299,960
427,306,320

80,868,107
58,728,382
336,889,481
841,166,437

Total....................

2,516.192,163 291,145,105 2,253,047,867 2,187,248,580
P o p u la tio n o f t h e U n ite d S ta te s A p r. 1, 1903, e s tim a te d a t 78,777,000; c ir c u 
la t i o n p e r c a p ita , $38 6 9 .

JNew SorJfc C ity C l e a r i n g H o u s e B a n k a .— S t a t e m e n t o f
c o n d it io n fo r t h e w e e k e n d i n g A p r il 12, b a s e d o n a v e r a g e o f
d a ily r e s u l t s . W e o m i t tw o c i p h e r s ( 0 0 ) i n a l l c a s e s .
BANK8.

Capital. Surplus.

Loans.

Spools.

S
. *
»
Baulk of N. Y---- 2,000,0 2,202,6 17.853.0 2.891.0
Manhattan Co... 2,060,0 2.288.5 21.583.0 4.055.0
Merchants’........ 2,000,0 1.191.8 14.280.8 2.523.8
Mechanics’ ........ 2,000,0 2.440.9 13.677.0 2.409.0
A m erica.... . . . . . 1,600,0 8.207.8 20.790.4 2.908.0
268.7 6,026,0
878.0
P h e n ix .,..,. . . . . . 1,000,0
City . . . . . . . . . . . . . . 10, 000,0 7.166.0 112,247,0 26,000,7
300.0 7.118.9 28.818.8 4.045.1
Chemical............
800.0
268,1 4.999.1
790.0
Merchants’ S i . .
G allatin,........... 1,000,0 2.079.5 8.819.2 1.187.8
74,9 1.682.2
800,0
Butch. A Drov’s
417.1
142.1 2.925.0
383.0
Mech.A Traders’ 400.0
181.9 1.020.7
136.4
200.0
Greenwich..
601.9 4.628.2
800,0
997.1
Leather M’f’rs..
72,1 6.020.4 1,108,0
Seventh Natdon’l 1.700.0
American Kxoh, 6,000,0 3.682.6 80.070.0 3.422.0
1 0 , 00 0, 0 7,221,8 74.584.4 8,080,7
Commerce.........
1,000,0 1.882.9 7.402.6 1.031.2
Broadway...
1,000,0 1.377.6 15,178,3 2.520.9
M ercantile.
536.8 2.986.0
422,7
326,9
Pacific.. . . . . . _
_
989.8 8.086.9
460.0
075.4
Chatham...........
854.9 2.225.6
284.7
200.0
People’s ......... .
North America,. 2 , 000,0 2.080.7 10,862,6 2.440.5
Hanover........... 8,000,0 6.743.8 48.568.5 9.552.2
469.6 4.884.0
724.8
500.0
Irv in g ........ .
606.1 0,188,5
888,0
Citizens’............. 1.660.0
289.1 2.686.1
359.4
500.0
N assau........ .
900.0 1,028,6 6.449.9 1.067.9
Market A Fulton
244.0 8.838.8
920.1
Shoe A Leather. 1, 000,0
Com Exchange,. 1.400.0 1.788.7 24.008.0 4.400.0
405.2 1.986.0
800.0
156,6
Oriental_ ____
_
Imp’t’rs’A Trad. 1.500.0 6,181,2 23.990.0 4.288.0
58.473.0 15.869.0
P a r k ............. 2,000,0 4,206,6
147.1 1.251.4
174.0
250.0
East R iv e r ......
F o u r th ........... 8,000,0 3.628.5 20.719.8 3.580.0
569.2 11 020.0 2.412.0
1,000,0
Central........ .
800.0 1.116.0 9.523.0 1.528.0
S eco n d .............
10, 000,0 11,636,0 78.984.6 18,467,9
First,..................
340.2 5.115.4
888.0
500.0
N .Y .N at’lE xch.
250.0
423.0
756.2 2.858.0
B o w e r y ..........
8.821.2
884.4
601.7
200.0
N. Y. County....
556.1
410.1 8.706.8
750.0
German Ameri..
Chase.._ . . . . . . . 1,000,0 2,940,0 40.372.9 10.799.0
_
0,602,8 2.490.5
100.0 1.485.8
Fifth A venue...
222.3
602.7 2.410.4
200,0
German E xoh ...
412.9
853.6 2.980.6
200,0
G erm ania........
426.9
800,0 1.124.8
L in co ln ...........
1.713.2
G a rfield .......... 1,000,0 1,215,3
880.2 2.286.9
512.4
200,0
Fifth.............. .
1.200.5 7.972.2 1.580.6
300.0
Bank of Metrop.
468.0
200.0
461.7 2.902.0
West Sid© ,.......
600,0 1,078,2 18,659,0 2.731.0
Seaboard.........
W estern....._ _ 2 . 100.0 2 765,6 40,565,5 9.887.1
_
465.0
648.7 4.252.0
300.0
1st Nat., B’klyn.
821,0 7.690.0 1.457.9
Liberty.._ ....
_
500.0
488,1 4.543.6
845.3
N. Y. Prod, Ex. 1,000,0
635.9 8.024.2 1,591,0
260.0
New Amsterdam
641.4
458,3 4.235.4
350.0
A stor.......
411.8 2.879.1
Hide A Leather.
600.0
424.4

.

Legals. Deposits sevpi
*
s
p .o ,
1.650.0 17.841.0 25-3
2.168.0 24.438.0 254
1,581,6 10.646.8 245
1.119.0 14.048.0 25-1
3.008.0 23.311.0 25386.0 '4,825,0 266,649,9 124,155,2 26-3
2.234.1 23,680,5 29666.5 5.285.6 25788,9 7.226.2 2648,8 1.997.8 23'3
295.0 3.834.0 203
104.5
933,6 25218.0 4.598.8 26-4
242.1 5.638.5 23'9
2.179.0 28.855.0 23-9
6.715.3 64.394.4 22-9
417.1 6.537.8 2 2 1
1.761.3 16.418.8 30461.6 3.647.0 21-3
810.2 6.081.7 24*4
422,8 2.677.5 20*3
1.327.0 16.827.5 28*8
6,719,: 85.985.6 27*3
455.6 4.590.0 26*6
656.7 6.288.9 24*4
376.6 3.181.3 23*1
718,2 6.079.2 25*6
207.1 4.199.0 27*2
2.516.0 29.062.0 23*8
266.2 1.844.0 22*3
1.212.0 22,000,0 249
8.678.0 68.538.0 28
194.4
25
2.488.1
20
840.0 13.718.0 23
1,061,0 10.373.0 24*
1.378.0 74,113,2 24
362,t 5.018.7 24*
310.0 3.188.0 23*_
442.4 4,8771s 27*2
271.0 3.629.0 22
1.984.1 49.079.9 26
223.2 10.762.4 25*2
3.209.5 25*9
011.2
688.7 4.886.2 22*0
2,645,6 1 2 .8 6 3 .0 24'
854.1 8.100.7 25
149.6 2.453.6 26
618.6 9.180.6 24
800,0 3.070.0 24
1,648,0 10.473.0 26
2,147,8 47.683.4 25
794.0 4.540.0 27
425.0 7.676.1 24
869,' 4.573.0 26-5
416,
8,933,8 22-4
333,
4.143.0 23-5
100,
2,110,1 24*8

T otal............88.622,7 1036557900,881,8 1719958 71,916,3 957.361,4 25 4
N e w Y o r k C it y , B o s t o n & P h i l a d e l p h i a B a n k s . — B e lo w
w e f u r n is h a s u m m a r y o f t h e w e e k l y r e t u r n s o f t h e C le a r in g
H o u s e B a n k s o f N e w Y o r k C it y , B o s t o n a n d P h ila d e lp h ia
Capital A
BARES. Surplus. Loans. SpeeG.
Legale. Deposits.! Cire’Vn. Clearings.
M. Y .»
*
S
$
Mar. 22. 187.278.4 913,958,1 1708324 09,947,6 978,234,0 31,484,6 13850773
“ 29.. 187.278.4 804,074.6 1773827 70.821.2 905.353.3 31,423,1 11339039
A jr. 5.. 187.278.4 007,228,4 1732542 70,649,9 904.018.3 31,059,9 14700810
187.278.4 800,381,8 1719968 71.910.3 957.301.4 80,920,0 15351900
Bos.*
Mar. 29.. 52.661.6 100.327.0 10.819.0 6.293.0 309.105.0 6.235.0 112,371.1
Apr. 5.. 62,061,0 188.126.0 15.408.0 6.203.0 217.229.0 5.051.0 163.017.4
“ 12.. 52.661.6 187,867,0 16.362.0 0,261,0 213.960.0 4.993.0 137.276.4
P h ila.*
Mar. 29.. 38,715,8 180.014.0
61.271.0
305.174.0 9.817.0 90,388,0
Apr. 5.. 88.715.3 180.882.0
51.055.0
200.410.0 9.811.0 123,198,0
■ 12.. 88.716.3 180,236.0
*
63.041.0
207.397.0 9.805.0 106,047,4
* We omit two ciphers in all these figures.
t Including for Boston and Philadelphia the item " due to other banks,”

[Vol. LX XIV,

H e p o r t s o f N o n -M e m b e r B a n k s .— T h e f o llo w in g Is t h e
s t a t e m e n t o f o o n d itio n o f t h e n o n -m e m b e r b a n k s fo r t h e
w eek e n d in g A p r il 12, b a se d o n a v e r a g e s o f t h e d a lly r e s u lt ,
Wo o m i t tw o c ip h e r s f 0 0 ) i n a i l c a s e s .
BANKS.
(00s omitted.)

Lee. T, Deposit, with N et
<
Japi- Sur Loans A
plus. Invest Spscie. dtB’fc. Olear’g Other l
tal.
ments.

daw yobje Ci t y .
Borough of
Manhattan,
Colonial. .......- •• 10&.0 16<U
Columbia. . . . . . . . . . . 300.0 226,6
Eleventh Ward..,, 100.0 120,7
Fourteenth Street, 100,0 80,0
Gansevoort............ 200,0 86,1
Hamilton............ . 200,0 98.6
Mount M orris...... 260,0 80,0
M u tual,,,,........... 200,0 174.0
Nineteenth Ward.. 200,0 102.0
100,0 280.5
P la n a ,,.,.,..........
100,0 187,4
Riverside.........
100,0 817,9
S ta te ....,............
Twelfth W ard..... 200,0 60,8
Twenty-third W’d 100,0 77.6
Union Square..... 200,0 872.0
Yorkvllle..,......... 100,0 244.2
Washington......... 100,0 37.6
F id elity............... 200,0 100.2
Vartok................. 100,0 69,8
Jefierson.............. 200,0 00,6
C en tu ry............. . 100,0 50.7
Wash* irfcmHeights 100,0 100,2
916.0 08,0
United National.
Boro’h of Brooklyn.
160.0 188,2
Bedford,..........
100,0 180.1
Broadway,........
300.0 105.0
Brooklyn...........
Eighth Ward......... 100.0 15.0
Fifth A ven u e.,.,,. 100,0 80.0
Manufaot’rs’ Nat’l. 262,0 464.6
Mechanics............. 500.0 849.7
Merchants’. . ...... . 100.0 29.7
Nassau National.. 800,0 021,3
National City........ 300.0 572.8
North Side.............. 100.0 148.1
Peoples................ 100,0 138.2
Seventeenth Ward 100,0 79.0
Sprague National.. 200,0 261,6
Twenty-sixth W’d. 100,0 57.0
Union.................. . 100,0 02,2
W allabout......,,,. 100,0 57,6
Borough of
Richmond,
25,0 70,6
Sank of Staten Isl
1st Nat.,Staten Isl 100,0 90,1
Other Cities.
1st Nat., Jer. City. 400.0 934,1
Hud.Co.NaU, J.O. 250.0 000,2
2d Nat., Jer. C ity.. 260.0 801,9
3d Nat., Jer. C ity.. 200,0 260,0
1st Nat., Hoboken. 110,0 473,0
3d Nat., Hoboken. 126,0 115,8
0
1
Totals Apr. 12.. 8728.0 0350.0
Totals Apr. 5.. 8878.0 0410.1
1
Totals Mar. 29. 8878.0 9410.1
6
0

Notes. Agent. Bks.A<

«
2*25.7
2850.0
281,0
3,0 2050.0
217,7 25,0 1400.8
v
217,6
1630.0
77,0 89,7 16000
189,1
6,0 1808.8
801,6 62,8 8081,8
202,0 108,8 1707,8
209,2 108,8 1820.0
190,0
3230.0
__ 1120.0
97.1
125,0 314,0 6174.0
189,0
1750.0
07,0 28,8 1182.7
860,8
-V 2708.7
123,6 69,0 1488.0
45,2
17,0 078,8
479.0
67,7
05,8 13,7 782.2
157,8
8 1172.6
146.0
23,0
61,9
225.0
82,8
906.7
....

8*9,'
22—,.
2886,0
1240,1
1872.8
1205.9
1803.4
2414.0
1089,8
1600.1
2905.0
009.7
4488.0
1426.0
1088.7
2190.0
1800.8
089.0
408.1
708.8
1100,8
262.8
366,6
1868.4

57,8
181,0
68.7
08.8
8,8
04.1
140.1
27.2
10,0
96.0
14.8
880,0
20.0
24.4
49.7
42.6
10,1
9.1
2.2
15.9
8,8
7,4
191.1

1280.7
1781.1
1161.2
381.0
700.0
2921.4
8555.8
685.0
3814.0
2919.0
877.2
1,138,2
624.0
1003.9
641.8
1.280.9
791.8

18.4
27.6
00,7
12.4
30.8
884.4
200.4
8,0
100.0
147,0
9.0
40.9
8.1
94.8
8,0
64.4
33.9

172,7 160,7 1478.8
284,0 • «
1957.1
119,1 80.6 1140.9
44,5 19,0 343,4
58,0 19,2 049.0
302,6
3461.0
202,8 20,0 4054.0
___ 729.0
83,6
018,0 41,0 4300.0
088,0 160,0 8585.0
40,2
19,9 705.0
00,9 89,4 1200.7
59,9
7,2 404.3
107,7 17,8 840.7
88,8
2,2 689.8
70,1 100,1 1,395,6
41,9 87,2 772.4

524,5
787,8

15.4
42,6
267,8
101,4
80,0
46,2
150,2
27,8

99,3 20,0 000.5
150,8
767.2
1039,2 2195,7 7380.4
216,1 66,7 2038,1
309,6 26,7 1307.5
880,6 10,S 1178,8
123.1 15,0 2455,7
l 90,0 25,0 929.2

75858.1 3644,8
75537,7 3411,1
74106.1 3482,0

) 8903,0 8800,9 83701,3
1 104286 8343,2 83990,5
i 8800,1 2877,4 80205,1

4772,8
2838,3
1278.6
1001.7
2067.8
850,0

168,6
91.0
50.2
05.0
02,6
96.0
82,6
80,9
161,8
185.0
112,8
1.40.0
189.0
105,8
242,7
186,2
40,4
29,8
51.2
98,6
8,9
9,6

A u c t io n S a l e s — B y M essrs. A d r ia n H . M u lle r & S o n :
8
S to cks.
Slocks.
2 Membership Adirondack
6 M echanics’ N at.jB a n k ...300*2
League Club.........$585-$600
10 Nat. Park Bank.............. 640*2
6 Gallatin Nat. B an k .......,436*® 100 M ercantile N at. B a n k .. .293
10 Corn E xchange B a n k ...4 5 2
24 U. 8. Trust C o ............. 1765
SO Central N at. B ank....... . 191
4 M echanics’ Bank of New
0
50 N ational City B ank........585
H av., C t.($60 ea.)$78 per sh.
10 F irst Nat. Bank. . ......8 2 0
5 C ityB k. of New H ay.,C t.l53
4 Bank o f N. Y,, N. B. A . . 340
50 WUIiamsb’rg Tr. Co.225-226
11 M erchants’ Nat. B an k ... 187
2 Bond & Mtge. Guar. Co. .471
10 Indnst. Tr. Co. of Provi
1 T itle Guar. & Tr. C o .....587
2 4m . Lt. & Trao. Co.,oom. 33
dence, R .1 ........................288
10 Bank of A m erica---- - 534
6 Am. Lt. & Trao. 0o.,pref. 90*2
100 M echanics’ Bk. of B kln.218
750 Empire State Idaho Min
ing & D eveloping Oo.
23 Law yers’ Title Insur
ance C o .,............ ...8 5 5 -3 5 6
($10 each) ...$ 6 25 per share
288 4th Nat. Bank...........230-231
B onds.
12,500 St. Albans&Boone Kit.
Co. (deposited in hands
$8,000 N ew York City 3*as,
1928. M.&N ................1 0 2 %
of trustee under certain
pooling agreem ent).. .$6,450 $5,000 N ew York City 3*iss,
1940. M A N ...........102% -105
50 Farmers’Loan &Tr. Co.1501*4
100 Trust Co. of America ..235*4 $500 Hebrew Orphan Asylum
Sooiety 3s, 1913. J .& J ... 75*9
1 Union Trust Co.. ..........1400
$20,000 W ladikawkas BR,
25 Irving N ational B a n k ...2 3 6
Co. 4s, 1957 (guar,)............. 96*9
2 N ewport Trust Co...........350
$1,000 Chic. B y. Term. E lev,
7 North Amer. Trust C o,..2 6 0
Co. 1st 6s, 1943 . . . . . . . . . . . . 54
10 H anover N at. B an k ....... 669

Sattltittfl amfl g it m tuciadL
Spencer

T rask

&

C o .,

BANKERS,

2T & 2 9 F I N K S T R E E T ,

-

NEW YORK

Transact a general banking business; act as Fiscal
Ayents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
IN V E S T M E N T
Members N, Y. Stock E xchange.
O bojsgb B a r c l a y M o f f a t .

Moffat

S E C U R IT IE S Branch Office.

6 S tate St., A lbany

A l e x a n d e r M, W h it e J r .

& W hite,

BANKERS,

Members New York stock Statehange,
N o. 1 NA SSA U S T R E E T ,
NEW YO H K .
_________ I N V E S T M E N T
S E C U R I T I E S . _________ ___

T racy & C o ., Bankers,
No. 4 0 W a l l S t r e e t . NKW Y O R K ..
CHICAGO.

Connected by private wire.

AtlLWAU KR.8.

D e a le r s lit H ig h I, r a t io B o n d s .

List of Current Investment O f cringe sent on Applwuiton,
Com hiInsLiu »»r»i e r .
New York Stock exchange,
Member* | Chicago Stock iflxakaugo
.Executed In a ll fit a r k e t *

THE CHRONICLE,

A p r i l 19, 1902.]

buying par, selling 1-16 premium : New Orleans, bank, $1 00
premium; commercial, par; Chicago, 15c. premium; St.
Louis, par; San Francisco, 15o. per $100 premium.

(S a ^ je tk .
D I V I D E N D S .
P e r W h en
Cent P a ya b le

N am * oj C om pany.

813

B o o k s Closed.
( D a y s In c lu s iv e .)

U nited Slates B onds.—Sales of
Board include $20,000 2s reg., at
100, and $20,000 4s, coup., 1907,
are the daily closing quotations ;

Government bonds at the
109%; $15,000 3s, reg., at
at 111%. The following
fo r yea rly range see th ir d

page fo llo w in g .

RnllroiulH (Htrnm).

Central lilt, of N. J. (q u a r.)...................
Cln. Ham. A Dayton, now i>f. (qnar.)..
Cincinnati Sandusky < Clove., prof__
fc
C lev ela n d * Pittsburg, guar. (quar.)..

2 May
1% May
3 May
1% J ’ne

Dartm ’t h * W estp., N.Bedf.,M ass.(qu.)
U nited Traotlon, Albany, N. Y. (qu.)..

2 . Apr 15
1*4 May 1 Apr 20
1
2 Apr

S treet R ailw ays.
Hanks.

1 Apr 1 9
8 Apr 20
1 Apr 20
1 Apr 2 2

to
to
to
to

May 11
M ay 8
May 1

J’ne l

to

May 1

2

May

1 Apr 16

to

Apr 30

2

May

1 Apr 25

to

Apr 30

Amalgamated Copper (quar.).................
% May 26 Apr 25
American Steel Casting, com .................
3 Apr 30 Apr 20
Anaconda Copper M ining........................ 60o. May 15 Apr 18
Central OH................................................
1 May 1 Apr 25
Olilcago Edison (qnar.).............................
2 May 1 Apr 23

to
to
to
to
to

May 4
Apr 30
Apr 24
May 1
May 1

Paoiflo (q n a r.).............................................
T ru st Companies.
Ham ilton (o n a r .)........................................

HIIscellaneous.

2%

do
do
p r e f....................... 6 May
International Steam Pump, pf. (qu.)... 1% May
N ational Fire Proofing, pref. (quar.)... I V Apr
P ennsylvania Steel, pref.......................... 3 May
Procter & Gamble, oom. (qnar.)............ 3 May
Pullm an Company (qnar.)....................... 2 May
U. S. Bobbin < Shuttle, oom. (quar.).. $1 50 May
fe
do
do
pref. (quar.).. $1 75 May
U nited States E x p ress.............................
2 May
W orthington (H. R.), pref....................... 3% May

to
20 May 7
to
1 Apr 22
to
25 Apr 19
1 H olders of reo.
to
15 May 1
to
15 May 2
to
1 Apr 20
1 Apr 20
to
to
15 May 1
to
1 Apr 22

May 19
May 1
Apr 25
Apr 14
May 15
May 15
May 1
May 1
Maj 15
May 1

Interest A pr.
Periods 12
1930............ registered
1630........... . . . coupon
1930 .8mft-Lregl8tered
_
1930 ,smaU _ coupon
1918.......... registered
1918.......... . . . ooupon
1918, sm all.registered
1918, small ___coupon
1907.......... registered
1007........... . . . ooupon
1925............ registered
1926...........
6s, 1904........... registered
5s, 1904...........
as,
2s,
2fl,
2s,
8s,
8s.
8s.
8s,
4s,
4s,
4 s,
4 b,

A pr.
14

A p r.
15

A p r.
18

X T-

Q —Jan *109% 109% *109% *100% *109% *109%
Q —Jan ‘ 109% *109% ‘ 109% *109% ‘ 109% *109%

............
Q —Feb
Q —Feb
Q —Feb
Q —Feb
—J an
Q —Jan

____
........

........ ... . . . . . . . . . ........
. ____ ____ ,___ _ . . ....

......

*108% 109 *108% *108% ‘ 108% *108%
*109% *109% *109% *109% *109% *109%

......

*109%
*111%
*111%
-139
*139%
*107
*107

____

*109%
*111%
*111
‘ 139
*139%
*107
*107

.....

‘ 109%
*111%
*111%
*xl38
*139%
*x05%
*107

*109%
*111%
*111%
*138
‘ 139%
*105%
*107

Q—
Feb
Q—
Feb
Q—
Feb
Q—
Feb
‘Tills Is the prloe bid at tbe morning board; no salt was made.

......

‘ 109%
*111%
111%
*138
*139%
*106%
*107

____

*100%
*111%
*111%
*188
*130%
‘ 105%
*107

S ta te and R a ilro a d B onds.—Sales of State bonds at the
Board include $1,000 Tennessee settlem ent 3s at 95% and
$58,000 Virginia 6s deferred trust receipts at 8% to 8%.
The market for railway bonds has been relatively steady
in the amount of daily transactions as w ell as in the m atter
of quotations. The transactions averaged about $4,750,000
par value, made up largely of a m ovem ent in low-priced
WALL, ST R E E T, F R ID A Y , A P R IL 1 8 , 1 9 0 2 .- 5 P. M.
issues, including Central of Georgia 1st, 2d and 3d incomes,
The Money M a rk e t an d F in a n c ia l S itu a tio n .—Operations Mexican Central, St. Louis Southwestern, Wabash and
on tlie Stock Exchange this week recall the exceptional Colorado Fuel & Iron issues. The latter advanced 5% points
history of a year ago, both as to volume of business and the on a demand that called out a very large am ount of bonds.
sensational m ovem ent of prices. Only once since the
memorable week ending May llt b , 1901, have the transac
R a ilro a d and M iscellaneous S tocks.—The market for
tions been so large, and on that occasion, w hich was the stocks has continued active and irregular. The transac
first week in June, fluctuations were generally on a much tions aggregated nearly 1,800,000 shares on Tuesday and
narrower scale. The current m ovem ent differs from that averaged about 1,400,000 shares daily. Louisville & Nash
w hich it recalls, in that interest is now centered more ville stock reached a clim ax on Monday, when about 124,000
largely in a few issues, and the market as a whole is not so shares were traded in. It sold up to 133, an advance of nearly
generally affected. Moreover, the conditions preceding and 26 points w ithin a week. Since Monday it has been much
leading up to the present m ovem ent are quite different, and less active, fluctuating over a range of less than 10 points,
therefore it is reasonable to suppose that the results will be and closes at 128%. Southern Railway has been another
different also.
conspicuous feature. On the theory that in some w ay it
The new s of the week bearing upon the general situation would be benefited by the developments in Louisville &
is for the most part favorable. Confidence that present Nashville, it was in urgent demand, and the transactions in
negotiations the object of which is to end the war in South it have been on an enormous scale, am ounting on Tuesday
Africa w ill be successful, is suggested by the enormous to about 890,000 shares. Under the pressure of this demand
over subscriptions to the new British loan. Monetary con the price ran up to 40%, about 5 points above its previous
ditions at home and abroad are som ewhat better. Call-loan highest record, w hich was in June last year. From this
rates in this market are lower. The foreign exchange market price there has been a considerable decline, as it was impos
is easier and cron prospects have improved.
sible to confirm the theory m entioned. Chicago & North
The open market rates for call loans on the Stock Exchange Western was also strong, selling at 255, an advance of 19
during the week on stock and bond collaterals have ranged points from last w eek’s closing price. Canadian Pacific has
from 3% to 6 per cent. To-day’s rates on call 3% to 4% per advanced about 5 points on improved traffic, the coal stocks
cent. Prime commercial paper quoted at 4% % b\£ per cent. were strong on the more favorable labor situation, and in
The Bank of England w eekly statem ent on Thursday sympathy w ith the conditions mentioned, or for other rea
showed an increase in bullion of £449,800. and the percent sons, there has been a substantial advance in Atchison,
age of reserve to liabilities was 50'24, against 47*75 last Baltimore & Ohio, Chicago Indianapolis & Louisville, Illi
week; the discount rate remains unchanged at 8 per cent. nois Central and some less prominent issues.
W hile the miscellaneous list was for the most part neg
The Bank of France shows an increase of 14,800,000 francs
lected, International Power made a sensational m ovem ent
in gold and 1,625,000 francs in silver.
The New York City Clearing-House banks in their state from 106% to 156, Colorado Fuel & Iron advanced 10 points
m ent of April 12 showed an increase in the reserve held of and N ew York Air Brake 10 points. The iron and steel
$108,C O and a surplus over the required reserve of issues have been firm, American Sugar steady and Amalga
O
$4,571,750, against $2,649,525 the previous week.___________ mated Copper weak, the latter on a reduction of the dividend.
1902
A p ril 12

Differences
from
previous week

1901
A p ril 13

1900
A p ril 14

$
75,022,700
93.365.000
890,956,000
31.479.000
969,289,200
180,642,100
69,618,400
250,260,500
242,322,300

$
68,422,700
83,654,000
761.672.400
21,029,800
834.328.500
157.243.500
62,288,900
219.632.400
208,582,125

Surplus reserve
4,571,750llno 1,922,225
7,938,200
NOT*.—Returns of separate banka appear on page 812.

10,960,275

Capital.................
Burplus...............
Loans < discounts
fc
Circulation...........
Net deposits........
Specie..................
Legal tenders......
Reserve held........
Legal reserve......

$
83,622,700
103,655,700
900.381.800
30,920,000
967,361,400
171.995.800
71,916,300

$
Deo
Deo
Deo
Deo
Inc

6,841,600
139,900
7,266,900
1,258,400
1,366,400

243,912,100 Ino
108,000
239,340,350 Deo 1,814,225

F o reig n E xchange.—The foreign exchange market has
been dull and easier on a lim ited demand for bills.
To-day’s actual rates of exchange were as follows: Bankers’
sixty days’ sterling, 4 85@4 85% ; demand, 4 87>£@4 87%;
cables, 4 88@4 88%; prime commercial, sixty days, 4 84%@
4 84%; documentary commercial, sixty days, 4 84%@4 85%;
grain for payment, 4 85(§>4 85%; cotton for paym ent, 4 84%@
4 84%; cotton for acceptance, 4 84%@4 84%.
Posted rates of leading bankers follow:
A p ril 18
Ptimv bankers’ sterling bills on London.

Prime cornroerolal.........................................
Documentary commercial..........................
Paris bankers’ (Francs)..............................
Amsterdam (guilders; bankers..................
Frankfort or Bremen ’relcbm'ks) bankers

Biaty Days
4 86
4 84% ®4 84%
4 84% -*4 85%
6 18 V ®6 18's
89>%«® 40
941 bjs® 95

Demand
4 88%
516%* ® 5 16%
40% ® 408re
963ja ® 96%

The following were the rates of dom estic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying 75o. discount, selling 75o. premium; Charleston,

F o r d a ily volum e o f business see p age 820.

O utside M ark et.—Trading for most of the w eek has been
only, fairly active. To-day, however, influenced by the activ
ity on the Stock Exchange, business became livelier, especi
ally in low-priced stocks. Noticeable in this respect was
General Carriage. On reports of the purchase of this com 
pany’s charter by interests connected w ith International
Power, Carriage stock rose from 1 to 3 on large sales.
International Power preferred rose to 210 bid. Some w eak
ness appeared in Hackensack Meadows and Dominion Securi
ties. The former, which reached 78% yesterday, fell off to
77% to-day, and the latter dropped from 118% to 117%.
Northern Securities has fluctuated between 103% and 102,
ending the week at 102%. Seaboard Air Line common has
advanced to 27% and the preferred to 46%. San Francisco
Ry. issues all close higher than last week, the common gain
ing over 2 points. Metropolitan Securities declined to 112,
but recovered to 116. Cast Iron Pipe issues have been steady
at 11@11% for common and 42%@42% for preferred. Am eri
can Can stocks have been irregular, the common ranging
between 14% and 15% and the preferred between 56% and
59; closing prices are 14% and 57%. North American Lum
ber & Pulp has declined to 36% and Electric Boat common
has advanced from 26% to 30. Standard Oil rose from 615
to 630, fell away to 620 and ended the week at 624. Ameri
can Tobacco w ith few sales rose from 251 to 280. National
Bread preferred gained 3 points and common rose % point.
International Salt bonds sold at 64, the certificates at 15.
N. Y. Central stock rights sold for a few days at 4%@5.
Trading in them was transferred to the Exchange to-day.
Copper stocks have been in fair demand but somewhat
irregular. White Knob gained 2 points and Gold H ill rose
from 1 to 2%. Outside quotations on page 820.

New York Stock Exchange—Stock Record, Daily, Weekly and Yearly
O C C U P Y IN G

TW O

PAUKa

T~"
OC A S — H 1 G N E S T A M D L O W E S T * L E M M JC Jl'S
sL*i
H onda y
A p r i l 14

A p r i l 12

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45
7u
70
79% 7 9 k
07*4
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119 121%
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....................
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T uesday
A p r i l 15

43

43

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.....................
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145k 143k145k
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1918 l<jl4
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55
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162 k 103
162k 104k
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82 k 8 2 k
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.........
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68
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93
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1 6 2 k 163 k
52
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87
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A p r i l 16

T hursday
A p r il 17

L V id a y
A p r il IS

STO CK S
N E W Y O K E ST O C K
ex c h a n g e

ltu il ro a d s .
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05 k 053^
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113 113
115 115
115 115 B uitalo Koch, d0 R itts b ’g.
* 14o 141 k *140 1 4 1 k <140 1 4 1 k
Do p r e f .........................
119% 120 k 1 2 0 k 1 2 1 k 1 2 1 k 133 k t Canadian P a c ific .............
88
92
90
91
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v v a n a d a S o u th e r n ............
<185 192
193 194 £192 k 192 k C e n tra l of N e w J e r s e y ...
4 6 k 48
47 k 473.j
4 7 k 48 k C h esap eak e & O h io .........
30k 37k
37
37 k
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76
70
76 k 76 k
7 6 k 70k
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i 66 k 1 6 6 k 166 k 160 k 169 169 C hicago tfc K ast’n Illin o is
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92
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91
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88 k « 8 k
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17 0 k 171 k 1 0 9 k 1 7 1 k
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.........
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259 k 361
259 2 5 9 k . . . . . . . . . . .
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174 175 Chic. R ock I s l’d & P acilie
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. . . . . . . . . . . . Chic. St. P. M in n . & o m .
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74 k 7 4 k < 7 4 k 75
74
74k
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4 4 ;k 45%
45
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172 k 1 7 3 k 1 7 3 k 175
174 k 175
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9 1 3* 9 1 k
9 1 93 k
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1734 J 8 k
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17k 16k
38 k 3S34
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39 k 39 k
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1 7 k -16
31 k 32 k
32 k 3 2 k
Do p r e f .........................
32 k 3 3 k
31
37k
38
38k
39
39 3„ IT 'n e .......................................
69
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6 8 ‘4 69 k
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6 9 k 70 k
5 3 34 5 4 k
5 4 k 55
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55 k 56
59
61
60
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92
92k
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43 k 44
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"
deb. ctf. A
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deb. ctf. B
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90
91
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90 k 9 0 k
144 1 4 5 k 144 145% 146 1 4 9 k j llin o is C e n tr a l.................
49
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49 k 50
4 9 k 5 0 k I o w a C e n tr a l......................
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25
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25
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5 7 k 58k
5 8 k 59 k
27
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27 k 28
28
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*78
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6S34 6834
69
69 k
68
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*129 134 *128 134 *128 134 -Li Do p r e f ..........................
L. S h o re & M ich. S o u tli’n
*80
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8134 8 1 k *80
8 2 k L o n g I s la n d .................. .......
I 2434 128
fc
122 k 1 2 8 k 1 2 6 34 129 k L o u isv ille < N a s h v ille ...
132 k 1 3 3 k 133 13334 134 1 3 4 k iVf a n h a tta n E le v a te d . . .
153 k 155
154 155
154 1 5 4 k IL L e tro p o lita u S t r e e t ___
*39
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4 0 k *39
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*90
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<90
92
2934 3 0 k M ex ican C e n tr a l.................
30
30k
29k 30 k
1 8 k 1 8 76 1834 1 9 k
1 9 k 2 0 k M ex ican N a t ’l tr . re c e ip ts
43 5a 4 4 1 .
T)n p re t. (w h en issued)
*159 w1 7 0 w§160 160 *165 170 M ich ig an C e n tr a l...............
109 1 0 9 k 1 0 9 k 110 M in n eap o lis & S t. L o u is.
1 0 8 k 109
120 120 *119 122
D o p r e f .........................
61
61k
60
60 k
fc
60
6 1 k M inn. S. P . < S. S. M a n e .
1 1 9 k l2 4
D o p r e f . . . ....................
122 122
120 120
2534 2 7 3g Mo. K a n sa s & T e x a s ........
25
25k
25k 25k
Do p r e f ..........................
5 5 k 55k
55*4 5 5 k
55k 57k
1 0 0 k 1 0 1 k 1 0 0 k 1 0 1 k 101 k 102 k M isso u ri P a c ific ............. .
M o rris <fc E s s e x ..
93
93
99 k 104% Vf ash . C h a rt. & S t. L o u is
93 100
163 1 6 3 78 163 164 *159 1 6 0 k
Y. C e n tra l & H u d so n .
54
5 4 34
52 k 54 k
54
54 k N . Y. Chic, cfe S t, L o u is ...
D o 1 s t p r e f __
*115 120 *115 120 *115 120
Do 2d p r e f ..................
89
89
8 8 k 66 k
89k 89k
N . Y . L ack , db W e s t e r n ...
224 2 2 4 k 224 §224 k 224 k 224 k N. Y . N . H a v e n & H a r tf .
32k 33k
33k 34k
3 4 k 3 4 k N. Y. O n ta rio tfc W e ste rn .
fc
57% 58 k
57k 58k
5 8 k 5 8 k N o rfo lk < W e s te r n ...........
Do a d ju s tm e n t, p re f.
*90
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§90
90
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72
70
70
7 1 k 7 1 k O a c ific C o ast Co...............
Jl Do 1 s t p r e f . . . .........
'1 0 3 106 *103 106
D o 2 d n r e f ..................
79
79
*79
81
*79
82
1 5 0 k 1 5 1 k 1 5 0 k 1 5 1 k 151 1 5 1 3* P e n n s y lv a n ia .......................
4 6 k 4 6 34
46
46
<45
47 P e o ria & E a s te r n ...............
*74
76
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76
74
74 P e re M a r q u e tte ...................
Do p r e f ..........................
*83
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fc
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88k
88
8 8 k P itts b . C in. Chic. < St. L.
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O e a d in g , voV g tr . c tf s ..
5 7 34 59^4
60 k 63
61 k 63
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>
8 3 34 84
82 k 8 3 k
83 k 84
6 9 k 71
7 0 k 7 1 k 2d p ref. v o t’g tr . c t f s ...
68k 69k
120 k 1 2 1 k 1 2 0 k 1 2 1 k 1 2 0 k 1 2 1 k R u tla n d , p r e f ......................

M a n g e lo t M revio u s
S a le s of M a n g e /o r Y e a r ll j u y
O n b a s is o f 1 0 0 -s h a r e lo ts
Y ear f 1001 j
th e
W eek
Shares
L o w e st
H ig h e s t
L o w e st
H ig h e s t

-------------200
400

Eel) 2 D 46 A p r 9 20 F e b 34 Nov
J a n 9 72 A p r 3 50 S»'L> | 66 Deo
273,305
J a u 27 8 4 k A p r l h 42 k J a n 91 J ’no
53,6«8
J an 27 1 0 3 k J a il 6 70 Max 108 May
137,475 101 J a u 14 110 A p r 18 S l a4 J an 11.4 k M ay
050 9 3 34 F e b 31 97 J a n 2 8 8 k F eb 97 J ’n e
35,019 60 k F e b 14 6 8 k J a n 3 55 k Cel NS7b A p r
300 110 A p r 4 118 k J a n 3 77 M ai 122 N ov
139 A p r 2 114 F e b 19 110 Mai 1 10 N ov
115,000 1 1 2 k J a n 28 123 k A p r 10 87 Mu> 117 k May
9.000 85 k J a u 6 92 A p r 16 54 k J an 89 Nov
965
J an 17 190 J a n 6 U 534 J an 1 9 0 k Dec
41,010 45 F e b 20 4 8 k J a n 2 29 Muv 52 k M ay
9 .1 33 k J a n 22 30 k A p r 7 27 Max 50 k A p r
1,820 75 M ar 1 7 7 k J a n 3 72 k J a n 8 2 k A pr
2,5U0 134k J a n 21 174 A p r 14 91 J a n 110 N ov
200 1 3 7 k J a u 11 144 A p r 12 120 k J an 136 A p r
85,200 2 2 k J a il 25 20 k A p r 17 16 J a u 27 N ov
1,400 91 J a n 8 9 2 k F eb 14 90 J l y 94:k M ur
1,300 0 3 34 J a u 22 90 A p r 17 75 Muv 90 k J ’h e
1,500 13 k J a u 24 18 A p r 17 41 Dec 56 M ar
61,280 49 k J a u 14 67 k F e b 24 23 J a n 5 2 k Dec3,300 75 J a n 10 81 F e b 19 5834 j an 7 7 k *^ep
367,570 l o o k J a n 27 1 7 3 k A p r 18 134 Mu) 188 M ay
5,007 186 J a n 14 196 k A p r 4 175 Mux 200 Muy
44,400 204 k J a n 11 255 A p r 15 108 k Ja il 215 Muy
3,346 230 J a n 18 261 A p r lti 207 M ai 248 A p r
5,299 152 J a il 15 181‘ M ar2 2 11 6 k J a u 175 k J 'no
k
1,400 L40 F eb 6 170 A p r 3 125 M ai 14634 N ov
400 195 M a r 0 210 A p r 15 180 M ai 201 A p r
17,570 1 5 k F e b 21 22 k A p r 18 1 0 k J a u 31 A p r
28,210 30 k E e b 2 0 40 k A p r 18 2 8 a4 D ec 57 k A p r
34,475 10 34 J a n 8 22 A p r 18 12 J a n 2 0 y4 M ay
L, 100 4134 M a r l 5 58 k A p r 11 58 Muv 60 M ay
7,000 95 k J a n 14 106 k A p r 16 73 M a\ 101 N ov
100 118 J a n 21 123 k F e b 0 H o 3, J a n 124 N ov
84,400 1 4 k 4 a n 15 3 1 k A p r 18
O k J a n 18 A p r
0,200 5 9 k J a n 15 75 A p r i l 40 J a n 60 D ec
19,800 28 J a n 14 46 k M a r l 2 16 k J an 2834 A p r
] 2,1 50 170 M a i n 1 8 4 k J a n 7 105 Mu> 185 k A p r
1,500 253 J a n 15 297 F e b 4 1 8 8 k J an 258 Dec
20,000 41 A p r ? 47 A p r 17 29 k J a u 53 k M ay
8,695 90 k J a n 21 9 4 38 F e b 13 80 J a n 1 0 3 k J ’no
. . . . . . 49 J a n 10 49 J a u 10 49 Nov 71 J u ie
49 J a n 20 64 F e b 21 69 J ’ly 69 J ’ly
24,020 39 F e b 1 50 A p r 15 18 J a n 45 J ’ne
62,090 13 F e b 3 1 8 k A p r 16 1 4 k Dec 17 Dec
5,770 33 F e b 24 39 k M a r 3 36 Dec 4 0 7s Dec
10,945 10 J a n 15 1 8 k A p r 9
4 k F eb 12 k J ’n e
10,882 1 8 k J a n 14 3 5 k A p r 9 1 3 k J a n 22 k Sep
90.8U0 3 5 k M a r l 2 4 4 k J a n 2 24 k Max 45 k J ’n e
13,810 6 6 k M a r l 1 7 5 k J a n 2 5 9 34 J a n 75 D ec
12,500 52 k A p r 11 6334 J a n 2 39 k J an 0 2 34 D ec
10,450 50 M ar2 6 7 4 3q M ar 7 41 J a n 68 A p r
1,500 85 M ar2 6 1043; F e b 27 81 J a il 95 A p r
4,656 30 J a n 2 49 k A p r 18 17 J a n 36 A p r
2,800 181 k M a r 5 191 J a n 6 167 k May 208 M a r
20 7 5 J a n 8 84 k A p r 9 50 F eb 59 k A jir
70 J a n 11 87 A p r 9 65 J a n 6734 F e b
527
7 k J an I l k A p r
9 J a n 8 25 A p r 9
13,400 66 J a n 15 84 k A p r 18 40 k May 75 k D ec
3,010 8 1 k J a n l 4 9 2 k A p r 3 69 34 J a n 88 k Dec
93,095 137 J all 14 149 k A p r 18 124 May 15434 j ’n e
5,600 37 k J a n 15 5 1 k M arlO 21 J a n 4334 j ’n e
16,720 71 J a n 14 89 A p r 17 48 J a n 87 k J ’ly
2,770 33 k J a n 25 42kA x> r 4 21 J a n 41 J ’n e
4,110 8 0 k J a n 2 85 k F e b 24 77 k Dec 8 1 k D ec
26,550 19 J a n 15 2 6 k A p r 18 1 3 k J a n 25 A p r
27,847 44 J a n 14 59 k A p r 18 35 J a n 49 A p r
5 3 J a n 1 8 k O ct
4
7,300 13 J a n l 5 30 k A p r 10
200 45 J a n 2 83 A p r 12 24 J a n 45 k Sep
1,350 64 J a n 15 7 1 k J a n 3 3934 J a n 7 6 k N ov
50 125 J a n 15 138 F e b 6 1 0 8 k J a n 1 3 5 k Sep
325 A p r 7 §335 J a n 27 §230 A p r §355 N ov
100 7 8 34 J a n 15 86 J a n 2 67 J a n 90 D ec
J
290,505 102 k J a n 27 133 A p r 14 7 6 May 1 1 1 34 « ’n e
32,150 128 M a r 12 1403s J a n 29 83 May 145 D ec
13,820 150 A p r 12 174 F e b 5 150 May 177 J ’n e
100 38 F e b 7 43 J a n 6 27 J a n 41 N ov
89 M a r 3 9134 M ar22 79 k J a n 93 Sep
21,950 2 5 k J a n 15 3 1 k M a r3 1 1 2 34 J a n 30 M ay
3 k J a n 1 5 k O ct
33,500 14 k J a n 15 2 0 34 M arlO
9,887 4 0 k F e b 24 4 5 k M a rlS
'4 2 5 §150 M ai' 7 160 J a n 7 107 k M ar 180 N ov
3,000 l0 5 J a n 27 112 k M arlO 6734 J a n 1 1 1 k J ’ly
1U0 118 k J a n 22 123 F e b 13 1 0 1 34 J a n 1 2 4 k O ct
9,935 3 6 k J a n 2 64 A p r 5 15 May 3 6 k N ov
2,620 90 J a n 14 125 k A p r 1 49 A p r 9434 N ov
8,500 24 M a r 5 27 k A p r 18 15 J a n 35% A p r
12,020 51 J a n 13 57 k A p r 18 37 May 68% A p r
133,870 9634 M a r 11 107 J a n 2 69 J a n 124 k J lie
§195 J a n 21 197 F e b 25 §191 k J a n 197 k A n r
14,880 80 J a n 24 1 0 4 k A p r 18 §70 J ’n e §8 2 k N ov
37,200 t l 5 9 A p r I S 168 k J a n 2 1 3 9 k J a n 1 44 k N ov
12,260 4 6 k J a n 15 5434 A p r 17 16 May 57 S ep
119 F e b 6 1 2 4 k J a n 27 97 M ar 120 Sep
1,050 84 F e b 4 9 0 k A p r 3 47 M ai 95 S ep
110 138 k F e b 3 §141k A p r 15 §131 k J a n 139 F eb
870 209 k J a n 30 22 6 k A p r 9 §206k F eb 217 J ’n e
46,300 32 M a r 11 36 k J a n 2 24 May 40 k M ay
80.010 55 J a n 14 5 9 3 y Ja n 3 42 J an 61% N ov
145 90 F e b 21 93 J a n 14 82 F e b 9 2 k N ov
500 70 A p r 17 7 0 k M a r 8 j 52 F e b 7S D eo
100 k J u n 6 106 M a r \ ‘>| 89 F eb 103 k Deo
100 79 J a n 20 82 k M a r 8 63 J a n 83 N ov
96,743 147 J a n 14 1 5 2 k M a r 7 |13< May 1 6 1 k A p r
1,100 39 J a n 8 47 k A p r 9 1 14 k J a n oO Sep
100 71 F e b 15 83 J a n 14 | 3J34 J a n 94 N ov
. . . . . . §85 M a r 2 5 §85 M ar25 | 72 J an 86 J ne
400 80 k J a n 7 9 1 k J a n 9 57 J a u 01 Deo
. . . . . . 113 M a r 2 5 114 k M arlO 1 88 J a n 113 D eo
591,210 52 k M a r io 63 A p r 18 1 24 k J a n 0 0 Poo
20,700 79 k M arlO 84 k F e b 19 65 May 82 % P ec
110,940 60 J a n 14 7 1 k A p r 18 ; 38 J a n 64 k Poo
9,800 1 1 0 k J a il 23 123 M a r 21 1 97 Nov 1 12% Nov
38
63
74 k
95 k

BANKS AND TRUST COMPANIES—BROKERS' QUOTATIONS
M id
B anks
M id A s k
M id A s k
B anks
B anks
I r v in g ......... 215
C itiz e n s’........ 210 220
1 4 th S tre e tj]. 200 300
M id
C ity ................ to So
CITY
F o u r t n ......... 1230 231 !J e tle r s o n ll... 170
| L e a th e r M fr. 255
A m ericaH . . . 1534 ......... ;1 C olonial . . . 385
G a l l a t i n ........ M36 k
L ib e rty ....... 650
& .in erE x ch .. 272 280 IC o lu m b ia n .. 350
G an sev o o rtlj 140
< rti f»li |
4:i
X s to r
( Commerce)
L in c o ln ......... 1000
700
335
BoweryH — 300
C orn E x e h li. f 452
G erm an A m i 155 17 o ’ M a n h a tta n l). 325
M a rk e t A Ful 250
B ro a d w a y . . .
360
E a s t R iv e r .. .155
G erm an Ex1 370
M echanics* . 1300 k
B u tc h ’s JC D r i5 o
1 1 th W ardU - 150
G erm anialJ .. 600
M ech 0 - ITal 155
0
C e n tr a l......... 1191
G re e n w ic h 1 310
,
E m p ’e S ta te l 195 210
F id e lity ll___ 195 210
M e r c a n tile .. t 293
H am iltonU .. 100 175
70
C e n tu ry H— 150 i ‘
F if th A v e l).. 3900
M ereli Ex eh. 150
Chase ........... 700
H a n o v e r ....... 1669
F i f t h ............... 375 425
M e rc h a n ts’.. PI 87
C h a th a m ___ 330 350
H ide & L ’atli 150
:
C h e m ic a l___ 4150 ......... F ir s t (n e w ).. 1820 ......... Im p t& T ra d . 6 15 .........1 M etropolis 1 700
* B id a n d a s k e d p ric e s; no sa le s w e re m ad e on th is day.
> L e ss 1.1 in PM s m •>
> v n \ju w .
0
1 S a le a t S to c k E x c h a n g e o r a t a u c tio n th is w eek, s T rin st Co. c e rtific a te s .
0 N e\v stock.

B anks

NEW YORK

A sk I
B anks
| -B«i
......... i P h e i u x ......... 110
. . . . . . P la z a 4 ........... 55U
P ro d K x c lP ,. 160
270
N a ssa u i . . 199
R iv e rsid e 4 .. M>0
. . . . . . N ew A m sto r 700 725
1seabiK iixl. . . . oOO
N ew \ o rk Co 1550
N Y N a t E x . % ;> • • • ^ • j S e c o n d ......... {650
j
340
|S e v e n th .n e w l2 o
270
N ew Y o rk ... 1340
;8 hoe A L o th . 120
19 tli W ard!!. 150
N o rth A m or. 275 290 | |S ta te 4 . . . . . . . 5o0
170
12th N\ aid! .1 110
- ••••• O rie n ta lll___ 210
PaeiTioll........ 205 . . . . . . 23d \\ aivl4 - . 1l 19
165
U nion S q 4 . ..|8 2 0
P a r k ............... to-to k
......... P eo p le’s!)___ 250 ......... U n ited NaUl.l P.’o
ll S u ite b a n k s.
a E x d iv id e n d a n d rig h ts .
M id
A sk \
B anks
m m mm M tM o rris Il.. 220
mm
185
M u tu a llj........ 2 i 0

120
• %• ••
%
.........
185
180
«• • • • •
^% ««•
%
810
185

April 19, 1908,1

Stock Record—Concluded—Page 2

STO CKS- H IG H E S T
S a tin 'd a >
/
A p r i l 1*

M onday
A p ril- h i

AND

Tueada u
A p r il Hi

LO W EST

SALK

W ednesday
A p r i l Hi

/ • H i t 1K S

TK ura& ay
A p r i l I?

J f i r l d a i/
A p r i l IS

STOCKS
N10W YORK STOCK
E X (; J1A IN«4 is

815

R a n g e f o r Y e a r V M M | U a n g e /o r /•r e v t o u 4
S a in t of
O n b a n in 0/ / 0<) :J j (ire lo ta
Y e a r ( l '.)<) l j
i p (t
W eek,
Sharea
H ig h est
Low est
Low est
H ig h est

22% 22% i j Joseph A U r’tl 1Miami 3,4 00 12 Jail 14 24 MarlO
2,850 62 Fob 6 74% Fell 25
70
71 > » 1>0 1at prof
000 27 Jan 7 35% M arl 2
*32
Do M j>r©f
34
1,400 126 .Jan 22 M 1% F e b J 7
139 139 S Ht. Daw. a A dirondack...
j
70% 71 S M Louts & Han F ran . ... 15,000 55% Jan 2 72% Apr 4
L.
570 83 Fob 5 88 Jan I 1
*83
H'l
Do 1Ht p r o s ...............
5,1 20 7) % Fob 2 J 77 Jan 18|
74
1>0 2d prei
71 S
i
0,700 24% Mar 6 30% A ]ir 18
29% 30% Ht. Louis South w estern..
02% 03 %
Do prof....................... 1 1, 1J 0 55% Mar 5 63% Apr 18
67 % 08% Hon thorn Pacific Co........ 1,91,895 58 Jan 27 68% Apr 18
37
J
37% Southern voting tr. ctf ft . 1,2593175 31% Jan ‘ 7 4 0 % A pr J 5
95% 90 %
Do prof. vot. tr. oil's. 70,530 92 Jan 1 1 08 % A pr 15
13% 44 S r p o x as A Pacific............. 95,04 5 37 %Jan J 5 4 4 'i Apr 16
i
400 122 J a n 8 134 Feb 7
13 1 181
i hird A venuo (N. Y.). .
3,300 18% Ja n 21 23 % FeJ, 1J
21% 22% Tol. St.
A W. v. tr. Ctfs.
) 0,025 35 Jan 15 43% Feb 11
39% 39%
Do prof. vot. tr. ctfH.
3,510 107 Jan, 20 1.22% Apr J 8
122% Twin Clity Rapid T ransit.
103% 105 ; f nion Pacific.................. 382,000 98% !<YI>28 J 05 Apr 18
87% 88 % VJ Do prof....................... 11,303 86% Mar 6 91 % Ja n 2
10,930 21% Jail 14 25% Feb 18
7a hash ...................... .
24% 25%
44% 45
M Do prof...................... 17,770 4 J %J a n 13 45% Apr 9
2,050 17 Jan 27 21 A pr 9
20% 20% W heeling < Lake E rie ...
&
100 49% J a n 27 59 % Feb 21
*56
l
1,340 28 Ja n 14 34 Fel) 24
33
33
Do 2d p re l.................
26% 27% W isconsin Cent. v. tr. cfs. 111,875 19 % J a n 3u 28% A pr 1 /
48% 4 9 S
j
Do prof. vot. tr. ctfs. 17,976 39% J a n 24 50% A pr 17
HiHCoIlaneouH.
132 199 J a n 4 §220 Feb 7
§205 210 *205 220 *205 220 *205 220 *205 225
4 dams E xp ress.............
63% 66% 63% 04%
65% 07%, 64% 66
m algam ated C opper... 224,539 61 M ar 2 5 79 Feb J
67%
65% 67% 65
8% A pr 14
7
7% 8%
6% 7 A m erican B icy cle ............ 27,700 2 Feb 25
8
7
7%
6% 7%
7% 8
24% 25%
24% 26
25% 26% 25% 26
l)o p re f....................... 13,915 10 J a n 6 20% A pr 14
25% 26
24
25
28% 28%
6,987 28% A pril 1 32 % M ar24
28% 28% 28% 29
28% 29% Am erican Car A Foundry
28% 28%
28% 28%
1,050 85% J a n 14 91 % M ar25
*88% 89
88% 89 %
89
85)
88% 88% *88 x 89
Do p ref............. .........
*88 % 90
49% 50% 49% 50% 49% 50% 49
50% 48% 49% 49% 49% Am erican Cotton Oil....... 23,800 30% J a n 10 50% A pr 12
735 86 Feb 3 99 A p r14
*98 110
Do pref
.................
98% 98%
98% 99
330 210 J a n 13 244% Feb 11
235 236 *233 238 American E xp ress............
§230 230 *228 235 *230 236 "230 236
52
53% 52% 53% 52% 53
6,66 5 39% J a n 9 55% M arl 3
53% 53% 53% A m erican G rass T w in e ..
52 7s 53% 53
5,708 10 A p r10 31% J a n 2
16% 17%
16% 17 A m erican Ic e ....................
16% 17%
16% 16% 16% 17% 16% 17
3 ,9 13 54 A pr 8 67 J an 3
55% 55% 55% 56% 56% 56% 56% 56% 55% 56%
56
Do p re f.......................
*55
22% 23
3,022 15 J a n 14 25% M a rl 8
23
23
23
23
21% 22% Am erican L inseed............
23
23
23
23
50
1,820 43 J a n 13 58 M arl?
49% 4 9 % *50
51 . 51% 54
53
48% 48%
53
Do p r e f .... .................
*49
35% 36% A m erican Locom otive.. ^ 250,180 30% J a n 14 36% A pr ] 8
31% 33% 32% 34% 33% 34
33% 34% 34% 36
*92% 93% 93% 94% 94% 95
94% 94% 94% 96% 96% 98
Do p re f........................ 34,262 89 J a n 3 98 A p r18
6
6%
500 5 J a n 20 7% J a n 6
6%
6 % 6%
6 % 6 % Am erican M alting............
*6
6 % 6%
*6
6%
25
250 21 J a n 20 25% A pr 9
*23
*23
24
25
*23
Do p ref.......................
*23
25
24% 24% *24% 25
47
47
46 % 47
5,000 44% J a n 14 49 %J a n 29
*46% 47
46% 46% 46% 46% 46% 47 Amor. Sm elt’g A Refin’g.
97
97
97
2,480 96 J a n 20 99% MarlO
97
97
*97
97%
97
97% 97%
97% 97%
Do p ref........................
79% 82
3,350 40% Ja n 22 98 A p r18
83
84
87
90% 98 A m erican Snuff.................
78
83% *83
*76
84
92
92% 93
95
93
96%
97
*92
93%
6,760 85 J a n 13 99% A pr 18
99%
94
95
Do pref........................
131% 132% 131 132% 131 132
131%133% 132% 133% 131% 133 Am erican Sugar Refining 84,089 116% J a n 6 135% M ar 31
119% 119% *119 119% §1193 120
551 115 J a n 2 119% M ar24
4
Do p ref........................
119% 119% *119 120
119% ] 19%
*87
90
90
400 84 MarlO §96 J a n 7
90 A m erican Tel’gh A Cable
*87 Si 8 8 % 8 8 % 8 8 % 8 8 % 8 8 % *87% 90
Avner Teleph. A Tel eg
400 160% Ja n 13 186 A pr 4
*181 184% *182% 184% 180 180
179 179
15
272 14 M a rl 5 17% J a n 7
15
15
14
*14
15% Am erican W oolen. . . . _
_
*14
15% 14
$13% 13% *14
*75% 80% *75
79
80
*75
-75
*75% 86
80
74 A pr 8 79 J a n 16
Do p re f.......................
*75
80
115 116
# 1 1 0 1 1 0 % 1 1 0 % 112 d Anaconda Copper..........
116 116
*114 “ 118
4,450 rZl 10 A pr 17 146 Feb 1
112 113%
300 210 J a n 4 229 A pr 4
*221 225
224 224 |> ro o k ly n U nion G as_
*222 226 *222 226
_
*222 225 *222 225
13
13
13
13
13
1 2 % 13 , 13
1,810 10 J a n 13 13% A pr 5
13
13 X Jrunsw . Dock A C .Im p’t
13
13%
95
99% 100 105% 103% 107% 107 109% /Colorado F u el A I r o n ... 232,150 84 J a n 8 109% A pr 18
97% 97% 95% 98
*136 139 *137 139 *137 139 "137 139 *137 139 *137 139 * J Do p ref_
§130 J a n 29 §140 M ar26
_
20
21
21%
21
2 1 % 23%
21
2 1 % Col. A Hock. Coal A Iron.
2,770 14% J a n 16 23% A pr 4
21% 21%
2 0 % 21
2 24 % 22 0 % 224 224
224% 225%
224 225% 224 224% 224 225% Consolidated Gas (N. Y.). 12,353 213 J a n 15 228 A pr 4
119 % 120
119% 119% 119% 120% 119 119% 119 119% C ontinental Tobacco, pref 2,400 115 J a n 2 124 M a rl 8
120 120
35% 35% Corn P roducts .
35% 35% 35% 36% 3o % 36
6,430 33% M ar 20 38% M ar24
35
35% 35% 36
87% 87% 87% 87% 87% 87% 87% 87% 88
1,755 87 A pr 14 90 M ar 2 5
£87% 87% 87
Do p ref............... ....
'133 136 *134 136 *133 135% *134 136 *134 136
Diamond M atch .
130% J a n 13 139% J a n 2
9
9
9%
3,020 8 F eb 20 10 Feb 3
8%
9% D istilling Co of A m erica.
9% 9%
8 % 9%
8%
8%
8%
41% 40% 42
40% 40% 40
40
41
40% 40% 40%
Do p ref....... ............... 13.200 33 J a n 3 42% A pr 4
40%
328% 330
4,100 27\5% J a n 15 334 A pr 9
*329 331
328 329
327 328% 327% 327% 326 327% G eneral E le c tric .............
22
20% 21%
2 0 % 21
20%
20%
2 0 % 21
*2 1 %
2,450 19 J a n 14 23% M ar 20
21
21
f n tern atio n al P a p e r.......
75
74% 74% 74% 74% 74% 74% *74% 75
*74
75 & Do p re f............... .......
520 74 M ar26 77% J a n 7
*74%
152% 163 In tern atio n al P o w e r..... 73,650 86 Feb 7 163 A pr 18
107 1 1 0 % 112 119% 122 130% 135 150% 151 156
15
14% 15
14% 14% 14% 16% 16% 18% 18
19% In tern atio n al S ilv er......... 12,962
6% a an 27 19% A p rlS
14
52
52
*51
52
52
52
*48
51% 51
*48
518 45 j a n ! 4 52 A p r10
*48
Do p ref........................
51
54% 54% 55
55% 55% 54% 54% In te rn a t’l Steam P u m p ..
*54% 55
55
698 47 Ja n 2 57% M a rl9
*54
56
91% 91% *91
92% 92%
*91% 93
-91% 93
300 87% j a n 13 94 M ar 21
93
Do p ref........................
*91% 93
16
*14
16
17
*14
17 M anhattan B each............
*14
-14
16
16
100 12 J a n 24 17% M arl I
*14
16
51
51% 51% 51
50% 51 \T a tio n a l B is c u it...........
1,500 43% J a n 14 53% M ar20
51
50% 50%
51
50% 50%
107%109
109% 109% *107 109 *108 110 *109 109% 109% 109%
1,150 104% J a n 3 109% A pr 4
Do p re f........................
18
18
18
17% 18
18% 18% 19
19% N ational L ead....................
4,400 15% J a n 18 20 7g M a rl 7
18%
18% 19
36% -84
89
88
*85
*84
86% *85
200 78% J a n 16 86% M a rl?
86% 86% 86% *85
Do p re f.......................
*156 157 *156 158
166 169% New Y ork A ir B rak e....... 17,216 148 M a rl? 169% A pr 18
156% 159
157 % 161% 161 167
27
§27
*20
29
N ew York Dock
] 10 12 Feb 7 28 A pr 4
54
52
55
55
*50
57
54% 54%
635 39% F e b 21 56% A pr 3
Do p re f...
54
55
128
125 % 127
126
l2 o 1
8l2f>
124 % 126% 126% 126% 126% 132 N orth A m erican Co., new 11,900 88 Ja n 28 132 A p r18
41% 41% 42
42% 42% 42% 43% *42% 43% 43% 43% O acific M ail......................
41
2,800 41 A p r12 49% M arlO
10] % 102% 102% 103
102% 102% 102 102% 102 102% 102% 105 1 eop. Gas-L.A C. (Chic.) 39,618 98% J a n 15 106 Jan 4
41% 40% 41
40% 41% P ressed Steel C ar..............
40% 40% 41
2,310 39 J a n 14 42% J a n 3
40
40% 40% 40%
83% 83%
84
83% 84% 83% 84% 83% 84% 83
83
Do p re f........................
2,900 82% Feb 4 86% J a n 2
83%
*235 239 *235 239 -235 240
237 238% Pullm an Company
237 237
500 215 Jan 13 240 M ar 6
*3% 4
*3% 4
3% 3% Q uicksilver M ining .........
-3% 3%
100 3 % Ap r 1 4% M ar 8
*3% 4
A
r
11
*10
*9% 11
11%
11
*9
*9
11%
Do p re f...
10 M ar 3 11% MarlO
25 ¥ > ailway Steel Spring.
25
25
25
*24
*24
24% 25
24% 25
600 24 Apr 16 29 A pr 5
24
24
84% 85 IV D o p ref_ _
85
85
85% 85
85
85
*84
1,900 80 A pr 1 88 A pr 5
85
84% 85
_
17% 17
7,100 15% J a n 2 18% MarlO
17%
17% 17% 17% 17% 17
17% 17% 17% 18 R epublic Iro n A S te e l...
73
74
73% 74
*73
73
73% 73% 72% 73
72% 73%
6,500 68 J a n 16 75 M arl 3
Do p re f........................
23
24
22% 25 R ubber Goods M fg............ 13,940 17% F eb 28 25 A p r18
23% 24
23
23
22%
22% 22% 22
73
73
*70
71
72%
73
72
70
970 66 Feb 11 74% M ar22
73
70
Do p re f.......................
§70
72
0q
32 C loss-Sheffield St. A Iron
OtJ
*32% 33
-30
*32
100 29% J a n 3 34% M ar 18
*31
32
*32
33
83
*80
82 O Do p re f...
*82
*82
83%
82
82
*80
81
81% A pr 1 i 84% M ar 7
*6% 6% Standard Rope A T w ine..
6% 6%
*6% 0%
1,120 4 J a n 10 7% M ar 14
6% 6%
6% 6 % -6% 6%
67% 68%
68
70%
7 L% Tenn. Coal, Iro n A R R ... 31,275 61% J a n 14 72% M ar21
08% 69
71
69% 70% 70
70%
41
42
Texas Pacific Land T ru st 2,700 35 J an 15 44% Feb 18
41
41% 4] %
4] % 42
42
17
16% 10 % *16
16
1,200 13 Feb 1 18% A pr 3
*16
17
16 | Tnion B ag A P a p e r.......
16
16
16
16
*82 -83% 82% 82% 82
83% CJ Do p re f.......................
82
200 72 J a n 16 85 A pr 5
*80
82% *81% 82% *80
120 120
120% 121
6,510 97 Ja n 2 126% A pr 17
120% 123% 122% 124% 125 ] 26% 122 125 U nited States E x p re ss...
12% 13% 12% 13% 12% 18% 12% 12% 12% 13
12% 13 % U nited S tates L eath er__ 13,900 11% Feb 20 14% A pr 3
84% 85 % 84
3,610 79% J a n 21 86% A pr 2
84% 84
84 S 84% 84% 84% 84% 84% O
j
D
Do p re f.......................
39% 39%
39% 40% 40- 40% U. S. Reduc. A Refining..
39% 89%
89% 40
1,348 38% Feb 5 44% M ar 8
40
40%
68% 63% *04% 65
64% 64%
64% 64 % 64% 64% * 64 % 65
472 63% A pr 4 68% M ar 6
17% 18% 18% 19% 18
18
_
6,335 14 J a n 2 19 % vpr i !
18% United States R u b b e r_
18% 18% 18% 17% 18
62
61 % 62%
03
63 % §02% 62 % 60
Do pref........................
J ,220 50% Jan 14 64 M ar 2 4
61% 60 % 60% *59
42% 42% U nited S tates S teel.......... 109,305 40% A pr 15 46% J a n 7
4 J % 41% 41
41 % 40% 41% 40% 41% 4.1
42
08% 93%
93
93% 93% 93 % 93% 93% 93% 94% #92% 93%
Do p re f....................... 53,902 92% Ja n 27 97% Ja n 7
71
70
70% 71% 71% 71% 70% 71% 70% 71
70% 771% Virginia-Carolina Chem.. 20,650 60 J a n 18 71% A pr 14
1 80% ] 30% *130 131
Do p re f.......................
*129% 181
130% 130% 130% 130%
130%131
575 120% Ja n 17 133% A pr 3
200 200 *207 21 5 *205 225 *205 ........ *215
*210 230 \ \ T ells, Fargo A Co.......
133 §185 Ja n 24 §209 A p r il
90% 90% 90% 9) % 90% 90%
94%
e st’n Union Tele’gph 51,440 89% Mar25 94% A pr 18
90% 91% 91
93
93
223 227
224 227
]
222 225
224 226
5,810 169% J a n 15 230% A pr 9
223 225
223 224 W est’gir hoE l A A J'g asseu
*225 230 *220 235 *225 230 -225 225% §224 224
226 229
Do 1 st p re f................. ' 236 180 J a n 8 234 A pr 9
i
23
22 % 22 S
23
*70
71
•7 1
60% 70
88
*32
*82
82 %
83
189% 180 % 139 %
70 * 70
*
72
70% 7 1%
81
88
83
83 % *88
74
74 % 73% 74 %
73% 74
28 '.i 28% 28% 29% 28% 25)%
68% 62
68
61
0.1% 62
00 l4 66% 66 Si 67% 66% 67%
04 % 84% 3 l % 40%
84% 84 %
95% 5)5% 98 %
05 % 05%
95
4 3%
41% 42% 41
411 41%
-!
*180 182 * 180 188 *180 132
22
20% 20%
21% 22% 22
40%
38% 88% 38% 40% 39
120% 120 ‘i 120 % 120 % 120 120 %
101 % 108%
101 Si 1 0 1 % 101 % 108
i
87 % 88 S 87 % 88
87 % 88
28% 24% 23% 24%
23 8 24
4
44 % 43% 44% 43 '2 44%
44
20
20% 20% 20% 20% 20
*55
57
56% 56% *5 5 % 57
33% 32% 82%
33
8 3 % 33
24% 24%
24
24 % 28% 25
46% 47
46% 48
47
47%
23

*70
82
139%
70%

Q2% 23
70
71
32
33%
130% 135) S
i
70% 71%

22 % 22%
09% 70%
00
34
138% 139
70 •71
§84 % 84 %
74
74 1, 73 % 73%
25)
29 Si 29 % 29%
62%
62% 03% 62
66% 67 S
j 66% 67
37%
37
88% 36
96% 97% 95% 96%
j
43
44% •13 S 44
131 131 *130% 131
21% 22% 21%. 22
39% 39%
39% 40
120 120% 121 % 122
102 103% 102% 102%
87 % .88
87% 87%
24% 25%
24% 24%
44
44% 44 Si 45
20% 20% 20 Si 20%
57
*5 5
5 7 % *55
*32% 88% §32% 32%
26 % 28%
24
27%
48% 50%
47
50%

I

j

.

7% Jan
55 Oct
17 Dec
57 J an
2 J % J an
75 .Fly
53 % J an
16 Muy
4 1 %Jan
29 M;i)
18 Jan
67% Jan
23% Jan
117 M.iv
10% Fe.li
28 M ay
05 M Jan
76 May
81% Jan
1J % J an
23% Jan
J 1% Jan
45 May
24 May
14% Jan
38 % J an

15% J'no
78% J ’no
36 J ’ne
134 Jn e
50 % Jlee
88 Mn r
70 % J ’/JO
39 % A pr
71 J ’ne
63 ■ .J ’no
35% J no
94 % Nov
52% May
129 %Jan
25 % May
39 % M ay
109% In c
133 May
99 % J 1ay
V
26 J ’no
46 %J ’no
22 J ’no
60% Mar
38 Mar
26 J ’no
49% A pr

§145 Jan
60 % I >cc
1 % Sep
10 Sep
19 Ja n
67 Jan
24 M ar
85 Apr
§169 Ja n
39% Dec
25% Oct
62 Oct
5% Jan
31 Ja n
22% Aug
83% Oct
4% Feb
22 % Dec
38% Oct
88 Feb
26 M ar
73 A pr
103% Dec
111 Dec
§94 Ja n
157 % Nov
13% M ar
70 M ar
28% Dec
175 Jan
8 % Jan
41% Jan
116 Mar
12% Oct
187 Ja n
93% J a n

§202 Dec
130 J ’no
8% Apr
35 A pr
35 .J’no
89% J ’ly
35 %J ’ne
91 % J an
210 Nov
45 Nov
41% Mar
77% M ar
30% J ’ly
66 J ’ly
33% Nov
91 % Nov
8 J ’ne
30 j ’ne
69 A pr
104% J ’ne
49% J ’ne
90 J ’ne
153 J ’ne
130 J ’ly
100 Apr
107% Sep
21% Ja n
82% J ’ly
54% A pr
228 A pr
14% Mar
136% J ’ne
142% A pr
25% J ’ne
238 A pr
124 J ’ne

127% Oct 152% Aug
6 % Oct 10% J ’ne
23% Sep 34% Nov
183% Ja n 289% Dec
18% May 28 Mar
69 Ja n 81% Sep
54% Jan 100%May
5% Feb 11 Ja n
33 Apr 51 Dec
24% Ja n 49 Nov
74 Ja n 89 Oct
8 Oct 22 A pr
37 Ja n 46 May
92 Ja n 103% Nov
15 Mar 25% J ’ne
74% Dec 93% J ’ne
133 J ’ly 175 A pr
13 Dec 15 Dec
45 Dec 47% Dec
73% Feb 109 J ’ne
30% May 49% Nov
95% Ja n 120% J ’ne
30 M ar 52 Ja n
72% M ar 89 A pr
195% J a n M o Oct
5% May
1% Apr
7 M ar 12% May
11% Sep
55% Ja n
18 Dec
65 Dec
19% Feb
65% Jan
3% M ar
49% M ar
19 Jan
12 A pr
65 A pr
§53 Jan
7% May
69% May

24 J ’ne
82 A pr
38% May
90 May
41 % A pr
86% A pr
8% J ’iie
76% J ’ne
42 Apr
19% J ’ne
75% Dec
100 A pr
16% May
83% Aug

12% Oct
47 Oct
24 May
69 May
51 J ’ly
116 A pr
§130 Ja n
81 Ja n
145 .Nov
157 Nov

34 J a n
85 J a n
55 A pr
101% A pr
72 M ar
125 Aug
199% Dec
100% May
180 Dec
187 Dec

BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS

1

B id
B id 1 A s k
H anks
A sk 1
R anks
BROOKLYN
BROOKLYN
I J H d A s k 'rook lyjklj .. 12 5
(S p ra g u e ....... 200 ........
.2 0 0
5
tJi Ward*) .. 75
26th W ard’ll. 140 ........
! 200
>1h Aven ue’ii 105
j U nionlj........ 140 160
1200
J300
!W allaboutll . 105 .........
. 1550
Van n fact r s’. 300
T
.6 0 0 020 1 .Meehanics’i . f 218
.2 4 0
Verch a n ts’.. 100
I
V assau ...... 350
T r u s t Com.
Val. C ity .... 290
N. Y. C IT Y
Vorlh Hide*). 180
. 1225
’Coble’.4*|. . . . 206
A.tbiirtic T r 280 !287
. 1250
7th Ward*! J 30
Bowl’gC*roen 208
asked nines: IIO H l<•:. on ti is day § L i
R
than 100 M ares, f Ex
h
Stock 1Indian <e or at. auction thi week
s T ru st (Jo. certificate

T r u s t Co’s B i d A s k
O’IR’ty B«fcTr 530 550
C entral T r’st 1915 1940
City T r u s t... 400 415
.>l p:
</Oiomal__ Or?•)
(Jo n tm en tal. 615
Farm LocfeTr 1501 1j f
F ifth Ave T r 650 680
G uaranty T r 7 50 775
Kniok ’rb ’k ’r 750
M anhattan .. 515 ........
Mer can tile .. 1100
M erchants’.. 100
M etropolitan 5 2 5
•igilts. (1 B •:* n n 1i i . Mart
,i
i.
* Bank.; markm 1 with
)

T r u s t Co% B i d A s ic
M or ton T ru st 1025
N Y Life A ah: 1275
N Y Sec < Tr 11575 1400
fc
Nort h Amor. 1260
Real l ist T r’t 400
S tandardT r’1 400
a’r Co of Am. 12(55tj
ITrCo of 1tpbc 180 190
11 nion T ru st 1390
If S M tg A T r 4 7,0
Unit; Stakes . f 1705
Van N ’dcnTr 225 2,3 5
W ashington. 41 5 430
h 3 1 (f not od pcu’ coni i nste
a paragraph ( I) are S tate

T r u s t Co’s
BROOKLYN
Brooklyn T r
Flat) u is h _
_
.F ra n k lin _
_
1Lim il to n _
_
Ki ngs Co ....
U 1si L A T r.
Man uf a c t’I'm.
N a s s a u ..... .
I’eo tile’s .......
W1 llam a!/g.
1

B id

450
1.70
315
311
430
200
340
21 5
350
1225

ul of dollars p nr ahai
ja n k s .

A sk

;
33 6

220
220

Now York Stock Exchange- Bond .Record, Friday, Weekly and Yearly
Ot ( T i'Y 1NU FOUR

is

i iO N Ui s
TOOK E X C H A K G E
; ii.MJi.NG APhXL 18

.b I' Lu Lt tj
l o r it f s

s

L a st i

-Bid

A sk. Low

si, G o v e r n m e n t
m aul re g is te r e d .ii 1034 Q -J 109% 109%
100% 110
iiihol c o u p o n . . . . d 193)
m aul ceg s m a ll.. d 10 J(
m aul coup sm a ll. a 193* Q-J
6s v igLStered .
.../M 9 L Q-fc 108% 100
>
Liptj u ..................../H 9 L q -F 1U0%11O
ig aiiiitl 1 b u ild s.. k 1911 •4-1
>u am all bom bs.. AR9 Lsl Q l 109% 110
r e d . , , ........./ii9 0 7 Q-J 111% 112
S 4tt
....................A10O7 Q-J 111% 112
S kS
Si 4s g ia to re d ........,. . . . 1 9 2 5 Q F 138 138%
u
S 4s ■ p o n ....................... 1925 Q- F 139% 139%
S 5d
riati j d..................1901 Q F 105% 106%
....... ............. 1904 Q-F 1U7 108
S 5a

|

M ange
S in c e
qZ l J a n u a ry 1

W eek
HCb'Ufjt

H ig h

Pou> H i g h

109% 109%
lu 0 % A p r '0 2

20 109% 109%
...11108% 109%

109
109
lo 9 % A p r ’02

I5i 109 109
108% 110

108%
109 M a r’02
111% M a r’02
111%
111% 111% 2U 111
139% F e b ’02
139
139% A p r '02
1139%
106 % M a r’02 . . . 106%
106% F e b ’02 . . . 106%

F o r c l p G o v e rn m e n t
F ra n k fo rt-o ii-M a iu 3% s a e r 1 .. M-S

94

..........

95 % F e b ’02

Q-J

97

......

98

94%

109"
113
113
139%
139%
106%
106%
95%

2 h e s e a re p r ic e s on th e b a H e o f to u r m a r k s it 0 0 ne do Liar.

U S of M ex ico a t g 6a of 1899
S la te S e c u ritie s
A la b a m a c la ss A 4 to 5 . . . . 1906
C lass B oa............................ 1906
C la ss C 4 s . . . . . . . . . . . . . . . . 1906
C u rre n c y fu n d in g 4 a . . ..1 9 2 0
4) 1s t ut C o lu m b ia 3*65s.. ,.1UC4
L o u is ia n a n e w consol 4 s .. 1914
S m a ll..............................................
M is s o u ri em ittin g ___1894-1995
N o r til C a ro lin a co n so l 4 s. 1910
6 s ....................
1919
So C a ro lin a 4 %s 2 0 -4 0 ........ 1933
T e n n n ew s e ttle m e n t 3 a .. 1913
S m a ll..............................................
V ir g in ia f u n d d e b t 2 - 3 s ...l9 9 1
R e g is te r e d . . . . . . . . .... ...............
6s d e te r r e d B ro w n B ro s O tis.

A p r ’02

U Iiese a re p r ices o n th e b a s is

J - J *107 108% 107 J a n ’02
J J
109% O ct ’oo
J - J * i'o 2 % ; ; ; ; ; ; 102% M a r’02
111 M a r’02
J-J
FA
1 2 5 % ......... 126 O c t ’01
J - J * 1 0 5 % ......... 106% J a n ’02
109 % F e b '9 9
J-J
J - J 104%
104 % J a n '02
A O 132 %
136% J ’l y ’01
120 M a r’OO
J-J
J-J
95%
95%
97
J-J
95 F e b ’02
97% M a r’02
J-J
J-J
7%
B% 68
8%

K a li r o a d
la b a m a C e n t se e So R y
la b a M u ll See S av F la do W
A lb a n y do S u su Bee D el < H u d
&
A lle g h e n y V alley See P e n n UR
A lle g do W e st See B u ll R do P
A m Docktfc 1m See C e n to ! N J
A n n A rb o r 1 s t g 4 s ......... /il9 9 5 Q -J
A tcli T do S F e g e n g 4 s . . . 1995 A-O
R e g is te r e d ...........................1995 A-O
A d ju s tm e n t g 4 s ........... h l9 9 5 N ov
R e g i s t e r e d ................... &1995 N ov
S ta m p e d .................... h i 995 N ov
C lu e do S t L o u is 1 s t 6 s .. 1915 (VI-S
A ll A n o x A N o r 1 s t g 5 s .. 1046 J -D
A tla n ta do D a n v S e e S o u tli Ry
A t la n ta do Y a d k See S o u th R y
A u s tin do N W See S o u P a c itic
a t C re e k do S See M io h C en t
a lt & O hio p r io r 1g 3 %s. 1925 J - J
R e g i s t e r e d ...................... h l9 2 5 Q-J
G old 4 s ............................. h i 948 A-O
R e g i s t e r e d .................. h i 948 Q-J
C o n v d eb 4 s ....................... 1911 iVl-S
P J till dO M D iv 1 s t g 3 % sl9 2 5 M-N
R e g i s t e r e d .................. p l9 2 5 Q-F
P E E A W V a S y s r e t 4 s 1941 M-N
S o u th w D iv 1 s t g 3 % s ...l 9 2 5 J - J
R e g i s t e r e d .................. h i 9 2 5 Q -J
M o n o n R iv 1 s t g u g 5 s . .1 9 1 9 F-A
C en O hio R 1 s t c g 4 % s ..l9 3 0 M-S
B eech C re e k See N Y c do H
B e lle v do C ar See Illin o is C en t
B k ly n dO M o n ta u k See L o n g 1
B ru n s do W e s t See S a v F I do W
B uffalo N Y do E r ie s e e E r ie
B uffalo R do P gen g o s . . . 1937 M-S
A ll do W e s t 1 st g 4 s g u . . l 9 9 8 A-O
Cl do M a h 1 s t g u g o s ___1943 J - J
R o c k dd P i t t s 1 s t g 6 s . . . 11*21 F-A
C onsol 1 s t g 6 s ..............1922 J - D
B uffalo do S o u th w e s t See E rie
B uffalo tte S u s q u 1 s t g 5 s .. 1913 A-O
R e g is te r e d ...........................1913 A-O
1 s t r e fu n d in g g 4 s ........d i9 5 1 J - J
B i n C ed ar R do N o 1 st 5 s. 1906 J-D
Con 1 s t do col t r u s t g 5 s .. 1934 A-O
R e g is te r e d ....................... 1934 A-O
C R X F & N W 1 s t g u o s. 1921 A-O
M do S t L 1 s t g u g 7 s___1927 J- D
ta n a d a S o u th 1 s t 5 s ........1908 J - J
'2 d o s ....................................1913 (VI-S
R e g is te r e d .......................1913 M-S
C arl) do S h a w n s e e 111 C en t
C a ro lin a C e n t S ee Seal) & R o an
C a rth a g e do A d See N Y C & H
C ed K I a F c f e Y S e e B C R do N
C en B ra n c h TJ P 1 s t g 4 s . . . 1948 J-D
C e n B ra n c h R y See M o P a c
C e n tra l Ohio See B a lti & Ohio
C en R R A B of G a col g 5 s 193 M-N
C e n t of G a R R 1 s t g 5 s ..p l 9 4 5 F -A
R e g i s t e r e d ...................... p i 945 F -A
ConsoL g old 5 s ................... 1945 M-N
R e g is te r e d .......................1945 M-N
l s t p r e f in co m e g o s ___p l9 4 5 O ct
2 d p r e f in c o m e g 5 s ___p l9 4 o O ct
3 d p r e f in c o m e g o s ___p l9 4 5 O ct
C lia tt D iv p u r m o n g 4 s .1951 J-D
M a c < N o r D iv 1 s t g 5 s . 1946 J - J
fc
M id G a 60 A tl D iv 5 s___1947 J - J
M obile D iv 1 s t g 5 s ........1946 J - J
C e n t of N J 1 s t consol 7 s .. 1902 M-N
G e n e ra l g old 5 s ................. 1987 J - J
R e g is te r e d ................... M .987 Q -J

96

0/

106

98%

tv Y .

107

i0 2 % i0 2 %
111

111

it)6% i0 6 %
104

104%

95% 96%
95
95
97
99%

A

B

C

99% Sale
103 % Sale
* 94% S ale
*94% Sale

2 95% 100
99%
99%
103% 103% 594 103% 105%
103% A p r '02
103 105%
94
94% *16 92
95%
5 93% 94%
94%
94%
94%
94% 30; 92
95%

i l l ” u n i 108% D e c ’Ol

96% Sale
102% S ale
no
Sale
9 2 % .......

96%
96% 120 94% 96%
96% F e b ’02
96% 96%
102 % 102 % *98 102% 104%
102 103%
102% F e b ’02
109
110 499 104 110
6 90% 93%
93
93

100 ......... 100% 100% 110 100% 101
91% 78 90% 91%
91% 91% 91
90% J ’n e ’Ol
111 M ay’00
112 N o v '0 1
109

*117

128%

A p r ’02

117% 119%

103 A p r ’97
130% A p r ’02
129 M a r’02

119

118

12S 130%
127% 129%

100

N o v ’99

102

102
102 Sale 102
106 ........ 105% 106
1 2 3 % ........ 126% M a r‘02
124% F e b ’02
118 J a n ’02
117%

107
109
107

106is
108

94% Sale
109
119%

93%

1 0 5% 107
1 0 7 % 111

107
109
A u g ’01

94%

80

112%
105%
84
87% S ate
40
41 % Sale
26%
27 Sale
93%
*92 ........
95
102
105 112% 106
104 ......... 103%
141 Sale 140%
139

113%
S e p ’01
. 89%
44%
31
F e b ’02
D e c ’99
J ’n e ’99
J a n ’02
J a n ’02
141
139

93

94%

106% 109%
119% 121%

105% 109%
121 M a r’02

112% S ale

102

104% 106
124% 126%
124% 124%
118 118

170 106% 113%
948 76
1352 32%
441 18%
91%

89%
44%
31
93%

106
103%
105 132
10 131

106
103%
141
139%

l\\ 4 iE *
HON IIS

N . Y. ST O C K E X C H A N G E
W e e k E nding A p r il 18

M r ice
F r id a y
A p r i l 18

W eek's
M ange or
L a s t S a le

*
0
O l£
>

M ange
S in c e
Ja n uary 1

B id
A s k B ow
H i g h MO L ow H ig h
C e n tra l of N J -( C o n tin u e d )
113% 1 i 4
A m D ock dO Im p g u 5 s .. 1921 J - J 1 1 4 % ......... 114 F e b ’U2
L e do H ud U g a n g u g o s 1920. J - J
105 106
L eh do W ilks B Coal 5 s . . 191 2 "M-N 1 0 4 % ......... 106 M a r’Oj
5 102 106
104
Con e x t g u a r 4 % s___ p l9 1 0 Q-i\l 104 Sale 104
N Y do L o n g B r g e n g 4s 1941 M-S
C en t P acific s e e So P acific i \>
C h arles do S av 1st g 7 s ___1936 J - J 125
OUes dO Ohio g 6s s e r A .. A 190s A-O 112 113% 115 M a r’02 — 113% 115
G old 6 s ............................... a 191 1 A-O L13 116% 117 M a r ’02 ___ 116% 117
1
123
120% 123%
1 st consol g 6 a.................. 1939 M N 122 123% 123
12.1 J 'n e ’OJ u j
R eg is te r e d .......................1939 (VI-N
G e n e ra l gold 4 %s..............1992 M-S i(J8% S alt J OS % 108 % 93 106% 110%
103 A p r '01
R e g is te re d .......................1992 M-S
C ra ig V aliev 1st g o s _ 1940 J - J 106 ! ....... 103 N ov *00
_
6 104 105%
105 106 105% 106%
li dc A Div 1 st eon g 4 s .. 1989 J - J
98% 101 101% D e c ’01
2d consol g 4 s ................. 1989 J - J
101% A p r ’99
W arm fip r Vul 1 st g 5 s .. 1941 M S * 104
G re e n b rie r R y 1 s t g a g 4s *40 M-N
103% 104%
C hic do A ll RU s fu n d Os.. 1902 M-N 1 0 4 % ......... 104% M a r’02
86
85 % 22 85
88
86 S ale
R e fu n d in g g 3 s ................. 1949 A O
M iss R iv B 1 s t s f g O s.. 19 J 2 A O
188 84
84% Sale
34%
84%
84%
M a ilw a y 1 s t lien 3 % s ...l9 5 0 J - J
4 83% 83%
83%
. . . . . . 83%
R e g is te re d .....................1 9 5 0 J - J
104% 106%
C hic B u r A q consol 7 s . . . 1903 J - J i o 5 % ......... j 05% A p r ’02
104% A pr ’00 J
C hic do Io w a D iv 5 s ......... 1905 F-A
100% 103%
D e n v e r D iv 4 s ....................1922 F-A 101 % ......... 101% M u r’02
5! 102 103%
103
Illin o is D iv 3 % s ................1949 J - J 103 Sale 103
R e g is te re d .......................1949 J - J
i 114% 116%
Io w a D iv sin k fu n d 5 s . .1919 A O 114% Bale 114% 114%
106 106
S in k in g fu n d 4 s .............1919 A O 104 % ......... 106 P el) ’02
6 111 111%
N e b ra s k a E x te n s io n 4 s. 1927 M-N 111% 11.1% 111% 111%
109 % A u g ’U 1
R e g is te re d ....................... 1927 M-N
S o u th w e s te rn D iv 4 s ___1921 M-S 100 ......... 100 M a r’02 . 1 99% ib o
J o i n t bonds See G re a t N o rth
5 J 09 110
n o '
D e b e n tu re 5 s ..................... 1913 M-N 110 ......... n o
i 119 122
M-S 1 1 8 % ......... 1 19% 113%
H a n do 8 t J os con sol 6 s. .1911
112 % 112 %
112% M a r ’02
C hic & E HI 1 st s i c u r 6 s. 1907 J - D 112%
1 st consol g 6 s ................... 1934 A O 139 ......... 139 A p r *02 . . . . 138% 189
G e n e ra l consol 1 s t 5 s ___1937 M-N 1 2 6 % ......... 126% 126% n 122% 126%
124% M a r’02 __ i _ I 3* 1U434
>
R e g is te re d .......................1937 M-N
C hic do in d C R y 1 s t 5 s. 1936 J - J 1 2 4 % ...... 122% D e c ’01
C hicago do E r ie See E rie
i 126
130%
129 ......... 130% 130%
C hic In<fc L o u isv r e f 6 s ... 1947 J - J
0 113 115%
116%
R e fu n d in g gold 5 s ........... 1947 J - J 113 ......... 115
L o u isv N A do C h 1 s t G s.1910 J - J 114% 115 114% A p r *02 . . . . 113% 114%
136 A p r ’02
182% 196
C hic M il do S t P a u l con 7 s 1905 J - J
112 115
T e rm in a l gold 5 s ..............1914 J - J 114 ......... 1.15 M a r ’02
G e n e ra l g 4 s s e rie s A . . £1989 J - J 116 117 116% A p r ’02 . . . . 110% 116%
105 % F e b *08
R e g is te re d .....................£1989
104% J a n ’02
104% 104%
G e n e ra l g 3% s s e rie s B .£ l9 8 9
R e g is te r e d .....................£1989 J - J
120% 120%
C hic do L S u D iv g 5 s . . . . 1921 J - J 1 2 0 % ......... 120% M a r’02
2 118% 124%
C hic do Mo R iv D iv 5 s . . . 1926 J - J
1 2 3 % ......... 124% 124%
. . . . 114 % 118
C hic & P a c D iv 6 s ........... 1910 J - J 116% 118% 1 1 8 M a r’02
1 116% 121%
C hic do P W 1 s t g 5 s ........1921 J - J L21% 122 121% 121%
D a k do G t So g 5 s ..............1916 J - J 116% 117% 115 F e b ’02 — 112% 115
137% J ’ly ’99
F a r & S o u a s s u g 6 s ........1924 J - J 136%
H a s t do D D iv 1 s t 7 s ........1910 J - J 124 3 24% 124 A p r ’02 • • - • 122% 124
4 108% n o %
110%
1 s t 5 s..................................1910 J - J 110 111 110
182% 182%
182% J a n ’02
I do D E x te n 1 s t 7 s ......... 1908 J - J
119 119
L aC ro sse & D 1 s t 5 s ___1919 J - J 1 1 8 % ......... 119 M a r’02
109% 109%
M in e ra l P o in t D iv 5 s ___1910 J - J 1 1 0 % ......... 109 % F e b ’02
114 117%
So M in n D iv 1 s t 6 s ......... 1910 J - J 1 1 7 % ......... 117% A p r ’02
113% 115
1 1 5 % ......... 115 M a r’02
S o u th w e st D iv 1 s t 6 s ___1909 J - J
i 116% 121%
W is dO M in n D iv g 5 s___1921 J - J 1 2 0 % ......... 121% 121%
MU A N o 1 s t M L 6 s ....1 9 1 0 J-D * 1 1 7 % ......... 117 M a r’02 . . . . 115 117
120% 122
1 s t consol 6 s ................... 1913 J-D *122% 124 122 M a r ’02
C hicago do N o r th w e s te r n
138 141
C o n so lid ated 7 s ................1915 Q-F 136% 139% 188 M a r’02
i 103% 104%
G old 7 s ..................................1902 J - D 1 0 3 % ......... 104% 104%
103% 104
u n A p r '02
R e g is te re d .......................1902 J - D
109 D e c ’Ol
E x te n s io n 4 s ......... 1886-1926 F-A 109
107 M a r’OO
R e g is te r e d ........... 1886-1926 F-A
111 O c t ’01
M-N
G e n e ra l gold 3% s.......... 198
103 N o v ’98
R e g is te r e d .................. «198 Q-F
! i l 5 118
S in k in g fu n d 6 s . . . 1879-1929 A-O * 1 1 3 % .......... 118 M a r ’02
111 O c t ’00
R eg is t e r e d ........... 1879-1929 A-O
108% 110
S in k in g fu n d 5 s . ..1 8 7 9 -1 9 2 9 A-O 108 .......... 110 A p r ’02
107% M ay’01
R e g is t e r e d ........... 1879-1929 A-O
108% 109%
D e b e n tu re 5 s ..................... 1909 M-N 108 .......... 109% M a r’02
108 Oct- ’01
R e g is te r e d .......................1909 M-N
115 117%
D e b e n tu re 5 s ..................... 1921 A-O i i i % ......... 117% M a r’02
114 O ct *01
R e g is te re d .......................1921 A-O
S in k in g fu n d deb 5 s ........1933 M-N 121% 123 123 A p r ’02 ..... il21% 123
123 M ay’01
R e g is te re d .......................1933 M-N
D es i l o ( f c ^ in n 1 s t 7 s. .1907 F-A
113 J a n *01
M U w do M ad iso n 1 s t 6 s .. 1905 M-S 1 0 6 ^
109% 109%
N o rth Illin o is 1 s t 5 s ___1910 M-S 109 ......... 109% M a r’02
110% A u g ’01
O tt C F & S t P a u l 1 st 5s 1909 M-S 3 ()S%
119% 119%
W in o n a & S t P e t 2d 7 s . . 1907 M-N 1 1 9 % ........ 119% A p r 4)2
2 137% 137%
M il L S do W e s t 1 s t g 6s 1921 M-N 136% . . . . . . 137% 137%
1 3 25% 128%
E x t & Im p s f u n d g 5s 1929 F-A V25i* X2l>\, 125% 125%
A sh la n d D iv 1 s t g 6 s . . 1925 M-S 139 ......... 142% F e b ’02 . . . . 142% 142%
M id i D iv 1 s t g 6 s ......... 1924 J - J 1 3 9 % ......... 139% J a n ’02 — 139% 139%
107% F e b '01
C o n v e rtib le d eb 5 s ___1907 F-A
113 A p r ’01
I n c o m e s .......................... 1911 M-N
128 131%
C hic R o c k I s l do P a c 6 s ... 1917 J - J 131 % ......... 131% A p r ’02
R e g is te r e d .......................1917 J - J ......... 131% 131 M a r’02 .. 129% 131
G e n e ra l gold 4 s ................. 1988 J - J 113% Sale 112% 113% 312 105% 113%
109 112
111% A p r ’02
R e g is te r e d .......................1988 J - J
99% F o b ’01
98
D es M do F t D 1 s t 4 s ___1905 J - J
$9
S6% A u g ’00
1 s t 2 % s..............................1905 J - J
97 D e c ’00
E x te n s io n 4 s ................. 1905 J - J
97
109% 110%
110% A p r ’02
K eo k do D es M 1 s t 5 s ___1923 A-O
C hic do S t L &££ A tc h T do 8 a F e
C hic S t L & N O S ee 111 C e n t
C hic S t L do P i t t s See P e n n Co
C lue S t P M A O con 6 s ... 1930 J-D 141
139% 141
141 A p r *00
C h S t P A M in n 1 s t g 6s 1918 M-N 141 .......... 141% M a r’02
140 141%
N o r W isc o n sin 1 s t 6 s ... 1930 J - J
110 M a r’01
S t P A S C ity 1 s t g 6 s. ..1 9 1 9 A-O * 1 2 7 % ......... 128% 12S%
9 127% 130%
90%
C hicago T e r T ra n s g 4 s . . .1947 J - J
90
90% 156 1 86
90% Sale
C hic A W e s t I n d g e n g 6s ^1932 Q-M 116
119% N o v ’0 1
C hic A W e s t M ich R y 5 s .. 1921 J-D 1 0 8 % ......... 100 O ct ’99

MISCELLAY EOUS BON DS—Continued on ISext Page.
Street R ailw ay
B ro o k ly n R a p T r g o s ........1945 A-O
A tl A v B k ly n im p g 5 s .. 1934 J - J
B k C ity 1 st con 5 s . l 9 1 6 , 1941 J - J
B k Q Co A S con g n g 5 s . 1941 M-N
B k ly n U n EL 1 s t g 4-5S .1950 F-A
K in g s Co E l 1 s t g 4 s ___1949 F-A
N a s s a u E le c g u g 4 s ___1951 J - J
C ity A 8 R y B a lt 1 s t g 5 s. 1922 J-D
C onn R y A L 1 s t A r e f g 4 %s ’51 J - J
D e n Con T r Co 1 s t g 5 s . ..1 9 3 3 A-O
D e n T ra m Co con g 6 s .. 1910 J - J
M e t R y Co 1 s t g u g 6 s ..1911 J - J
D e t C it S t R y 1 st con g 5 s. 1905 J - J
G r R a p id s R y 1 s t g 5 s .._ a l9 1 t> J -D
B o u is R v Co 1 s t c o n g 5 s ..1 9 3 0 J - J
M a r k e t 8 t C R y 1 s t g 6 s . . 1913 J - J
S d e t S t R y g e n col t r g 5 s. 1997 F-A
B w a y A 7 th A v 1 s t e g 5s 1943 J - D
3e F rid a y ; la te s t p rio e th is

107 .........
112% . .
1 1 2 % .........
1 0 3 % .........
101 101%
......... 92 ki
100

.........

107%
110
112%
104
101%
92%
98
95

A p r ’02 . . . . 107
J a n '99
_
M a r’02 _ 112%
100
A p r ’02
101% *2 jl 00%
92% 22 j 90
A p r ’02 . . . .
J ’n e ’OO

103

N o v ’01

109

98

S tre e t R a ilw a y
110% M e t S t R y —( C o n tin u e d )
Col do 9 th A v 1 s t g u g 5 s. 1993 M-S 121% 12S
L ex A v A P F 1 st g u g 5s 1993 M-S 121 122
112%
T h ird A v e R R con gu 4 s 2000 J - J 100% s a le
105
T h ird A v e R y 1 s t g 5 s .. 193 <
*124 125
102 %
M et W S E l (Ohio) 1 s t g 4 s. 1988
93
M il E l R y A L 30-yr g 5s. 1926
M in n S t Ry 1 st con g 5 s .. 1919
109
S t P a u l C ity C ab con g 5a. 1987
112%
98

Mar* 98

119% 120% 120
120 ......... 119%
w eek. f t . D i l h .1

120%
119%

17 i 19 122
5 118% 119%

G ualunteed gold 6s.........1987

U n io n E l (Ohio) 1 s t g 5 s .. 1945
W C hic St 4 0 - y r ls t c u r 5 s. 1928
40 -y ear consol gold 5 s . . .1986
G a s a n d E l e c t r i c L ig h t
A tla n ta G L Co 1st g 5 s ... 1947 J -D
Bos U G as tr c tfs s f g os. 1989 J - J
15klvn V G as 1st con g os. 1945 M-N

59121 % 124%
122% 123
121%
1 2 1 % 31 120% 121
100% 100% 22 1 99% 101%
125 A p r ‘02! — 128 125
1 0 l % 101% 10 L01 108
106 Oct '99
1.10 A p r *01
114% N oy’01
109 % D e c ’99
99

119% s a le

Deo 40

91% Oot ’9S
119% 119% 26| 11

U 9%

B ond R ecord— Continued—Page 2

A p r il 19, 1902. J
BONDS

l'r ic e
F r id a y
A p r il IS

N. Y. STOC K EX () 11A N G 11
1
WKIBK ENDING A PItlfi 18

AaU L o w

H id

O hoo o k So (3 gon g 5s — o 11) 19
OJti i l *ib 1> OOiihoI h l’ 7 s . .. 1000
2d gold 4 H ................. . - I 0147
jh
o in i) & i iHi' g u ft' r> ..1041
M
o I St. 0 So O Ncr (J U O db Ht L
O in S & O
C O C Ht L
O lcarlieU l Jb M ali *SV l* It dfc r
c
C le v e la n d O in C ld c < S t L o u is
&
G e n e ra l g 4 h. . -------------- 100:4
C a iro D lv l a t ftold 4 h ___1000
O in W < M 1)iv 1 st ft 4 s. 1001
fo
S t L D lv 1 s t ooi t r ft 4 s .. 1000
R e g is te r e d ....................... 1000
S p r tfe Col D lv I s t ft 4 s .. 1040
W W V a l l)iv 1 st ft 4 s . . . 1040
C I S t L So 0 co n so l O s.. 1020
1 s t ftold 4 s ............. ....... I d 000
R e g i s t e r e d ............... I d 980
C in S So 01 co n 1s t ft 5 s .. 1928
C C C t f c T c o n s o l7 s ..........1914
C on so l s in k la n d 7 s ___1914
G e n e ra l c o n so l ftold 6 s. 1984
R e g is te r e d ....................1984
I n d 111 < W 1 st p ro ! 4 s . 1940
&
O I n d d b W l e t p f 5 s ...d l9 8 8
P eo So E a st 1 s t con 4 s . . .1 9 4 0
In c o m e 4 s ........................ 1990
Cl L o r So W h co n 1 s t ft 5 s. 1988
C lev So M a r ie tta S ee P e n n U K
C le v tfc M ah o n V al ft o s . ..1 9 8 8
R e g is te r e d ....................... 1988
C le v & P i t t s See P e n n Co
Col M id la n d 1 s t g 3 -4 s___ 1947
1 s t gold 4 s ...........................1947
C olorado So S on 1 s t g 4 s . . .1 9 2 9
Colurn So G r e e n y See So R y
Col & H o c k V a l See H o c k V al
Col C o n n So T e rm See N & W
C onn So P a s B iv s 1 s t g 4 s . 1943
a k & G t So S ee C M <fc S t P
a lia s So W aco See M K & T
D el Lack<fe W e s te r n 7 s . . .1 9 0 7
M o rris Sc E s s e x 1 s t 7 s . . . 1914
1 s t c o n so l g u a r 7 s ........1915
R e g is te r e d ....................1915
N Y L a c k & W 1 s t 6 s . ..1 9 2 1
C o n s tr u c tio n 5 s ............1923
T e rm So im p ro v e 4 s ___1923
S y r B in g & N Y 1 s t 7 s . .1 9 0 6
W a r r e n 1 s t r e f g u g 8 *as. 2 0 0 0
Del & H u d 1 s t P a D iv 7 8 .1 9 1 7
R e g is te r e d ....................... 1917
A lb Sc S u s 1 s t con g n 7 s . 1906
R e g is te r e d ....................... 1906
G u a r g o ld 6 s ............. ».. 1906
R e g is te r e d ....................1906
R e n s Sc S a ra to g a 1 s t 7 s . 1921
R e g is te r e d ....................... 1921
D ei R iv R R B rid g e S ee P a R R
Denv<fe R G r 1 s t con g 4 s . 1936
C onsol g o ld 4 ^ 8 ___
1936
Im p r o v e m e n t gold 5 s . . . 1928
R io G r So g u S ee R io G r So
D e n Sc S W e s t g e n s f g 5 s 1929
D e s M o i Sc F t D See C R & I P
D es M & M in n See C h So N W
D e s M o i U n R y 1 s t g 5 s . .1 9 1 7
D e t M & T o l See L S Sc M So
D e t Sc M a c k 1 s t lie n g 4 s . 1995
G old 4 s ...................................1995
D e t M & M I d g r in c o m e s .. 1911
D e t S o u 1 s t g 4 s ..................1951
O liio S o u D iv 1 s t g 4 s . . . 1941
D u l Sc Iro n R a n g e 1 s t 5 s .. 1937
R e g is te r e d ........................... 1937
2 d 6 s ...................................... 1916
D ul So S h o re So A t l g 5 s .. 1937
LYast of M in n S e e S t P M Sc M
E j a s t T e n V a & G a S ee So R y
E lg in J o l & E a s t 1 s t g 5 s . 1941
E lm C o rt & N o S e e L eft <&N Y
E rie 1 s t e x t g old 4 s .............. 1947
2d e x t g o ld o s ......................1919
3d e x t g o ld 4*28 ..................1923
4 tli e x t g o ld 5 s ....................1920
o tli e x t gold 4 s ....................1928
1 s t c o n so l gold 7 s .............. 1 9 2 0
1 s t co n so l g f u n d 7 s .........1920
E r ie 1 s t con g 4 s p r i o r .. 1996
R e g is te r e d ...... ................ 1996
1 s t c o n so l g e n lie n g 4 s . .1 9 9 6
R e g i s t e r e d ........................1996
P e n n co ll t r g 4 s .............. 1951
B u ff N Y S c E r ie 1 s t 7 S ..1 9 1 6
B u ff & S W g o ld 6 s ..........1908
S m a ll...................................1908
C h ic Sc E r ie 1 s t g o ld 5 s .. 1982
J e f f R R 1 s t g u g 5 s ___a l 9 0 9
L o n g D o c k c o n so l g 6 s .. 1935
C oal & R R 1 s t c u r g u 6 s. 1922
D o ck So Irn p 1 s t c u r 6 s .. 1913
N Y<fc G re e n L g u g 5 3 .1 9 4 6
M id R R of N J 1 s t g 6 s . 1910
N Y S u s <fe W 1 s t re r 5 s . 1937
2d gold 4 ^ 8 ......................1937
G e n e ra l g o ld 5 s .............. 1940
T e r m in a l 1 s t gold 5 s . . . 1943
R e g is 8 5 ,0 0 0 e a c h ... 1943
W ilk Sc E a 1 s t g u g 5 s . 1942
E rie Sc P i t t s S ee P e n n Co
E v a n s v ille Sc T e r r e H a u te
1 s t co n so l 6 s ........................1921
1 s t g e n e r a l gold 5 s ..........1942
M t V e rn o n 1 s t g o ld 6 s . .1 9 2 3
S a il Co B r a n c h 1 s t g 5 s . 1930
E v Sc In d 1 s t con g u g 6 s .. 1926
’a r g o Sc So S e e Oh M Sc S t P
J in t Sc P e r e M S e e P o r e M a r

O

F

J-J
AO
.1 .)
M N

Weolc'a
! ta n g o o r
L a s t S a le

1O *2
H

lib "

fiQ o
G

m u ii No

11 IP ,
l IIP.
I I 1 *2 D e c ’0 1
113 O c t ’00
I 14 ‘v J a n ’03

1 12

IS tfifje

104Y 1.04*% 55
102 A p r ’02
101 l2 M iir’02
104**4 A p r ’02
99 M ay’9 9

J-J 115 .......
J-D
J-D
J-J i*35V140

115 M a r ’02
134 *8 J a n ’02

J-J
A -0

LO j ’&e'Ol
O

N o v ’9 9

105% M a r ’02

135 *2 D e o ’01
i0 4 Y N o v ’i)i

100

Sale

A -0
A pr

A-O

99*2 100
76*4
......... 76*2 7 6
1)5 ......... 1 14*o A p r ’02

J-J

127

13
77

127*2 J a n ’02

Q -J

J-J
J-J
F-A

85 *2 Sale
96

Sale

85*2
8 5 34 11
8 5 34 A p r ’02
95
96 279

A -0
1 1 7 * 2 ......... 11734 M a r ’02
M-N 138*2 1 3 9 5s 138 A p r ’02
J -D 1 4 0 * 4 .......... 140*8 140*8
140 O ct ’98
J-D
J-J 136*8
136*2 136*2
116*% Mar* 02
F - / 1 116*2
104 M a r ’02
M-N 1033s
1173s M a r’02
A-C 113%
F-A
M-S 1 4 4*4145 Y 147*2 D e c ’01
149 A u g ’01
M-S
A-0 1 1 2 “ ” ” 11534 F e b ’02
122 J ’n e ’99
A-0
1 0 8 34 A p r ’02
A-0 1083e
A-O
11138 F e b ’02
M-N ie T *
151*2 A p r ’02
151 J a n ’01
M-N

M-S

J-J 103*2104 103*%
J-J 110 34 ---- 112
J-D 11134 113*2 112
J-D
MrN

88

106

111

103%
112
113*4

15
20

1
2
45

89*4 28
F e b ’01

J-D 100*2 ........ 102 J ’l y ’01
8
94
J-D 94*8......
94*8
59*2 157
A-O
58*%Sale 53
87*8 85
J-D 87 *8 Sale 863?
10
93
92
93
92*2
M-S
1
A-O 112*2... . 112*% 112*%
A-O

J-J
J-J

1 1 4 34 S ale

114»4

M-N 11434 Sale 115

11434
F e b ’02

M-N ........ 120

M -S

M-S

A-O

J-D

M-S
M-S

J-J
J-J
J-J
J-J
F-A

115*2 J a n ’02
1 1 8 * 8 ........ 122 J a n ’02
113'*%....... 116*8 116*8
1 1 9 * 4........ 1 2 1 34 J a n ’02
108*8....... 109*4 J a n ’02
5
139
1 3 8 * 8 ........ 139
*135*2139 139 F e b ’02
9 9 34 100% 69
100*4 Sale
99 A u g ’01
80
88
87% Sale 87*2

J-D *133

152
95
Sale 9334
....... 133 J a n ’02

A -0
A-O

106

95

J-J
J-J
M-N 125*4
i 35**4
M-N 113
J-J 117
M-N
A -0

J-J

H 434 115

F-A * ib 2 ”
F-A ..........113
M-N 117*4 120

125*2 M a r ’02
10334 A p r ’02
137 N o v ’01
118*2 A u g ’01
109 O c t ’98
118 M a r’02
117 A p r ’02
103 A p r ’02
110 M a r’02
116 J a n ’02

M-N
J-D *i08*aIIII! 114 *2 F e b ’02
J-J
A -0
A -0

123 *8 J a n ’02
112 M a r’02
109

........

A-0
9 8 * 2 .......
J-J I l l 115

114

A u g ’01

January /
Low

si

v 5.
*

Price
S r if la y
A p r i l 18
ni<i

/I in f1

W eek' h
lnvii(/e or
L< L S a le
ih

3

Han q a
S tnee
'e. ✓. Ja n dar n 1

stale Low
i l ly If A 0 | Low J lig h
100 Sep '00

I 1 3 *4 P in Ocn So P e n 1s t ft 5 m. .. 1 91 H .1 J 107 .........
I Ht lan d g r ex I. gold 5 h . I 030 J J *101; .........
(JojimoI ftold f>H........... . . . I 943 J J J 07 .........
I I 4 >2 I 14 '•< P o rt Ht li P G o 1Ht ft 4 l2 N. 19 I l J J
Ft W
I m u C 1Ht g Oh ---- 199 I .1 D 1 1 1 G ! 'nl (3
90'% Sale
EL W S> Rio G r 1Ht. ft 3-4 h . 1928 J J
Mil l i a r A. H A See. Hu PaoO o
\ An,l |i A li of 1882 1 s t 5 h . 1913 A 0 102 .........
c
1.02% 104*% Gadfc A l a H y I Ht) con 5 h. . 0 194 9 J - J 112 .........
G a G ar «fo No 1 st g u g Oh .. 1929 J - J 112*2.........
102 102
101 »y 101 V G e o rg ia Pftclilc See Ho Ry
103 10434 Gl i a V G So No r See Ho i'a c Co
Go u v Sc O H w egat See. N Y Cent.
j
G ra n d R apcb In d See I ' cmi R R
G r a y ’s P t O’e rm S ee Ht L H W
9 6 ? Bale
%
f i t N o r—C B So Q coll t r 4 s 1921 r - j
G r e e n b r ie r R y S ee Olios So O
105 106
If f a n
Ht J o S ee Q B So Q
il 1 ouH atom c S ee N Y N II Sc II
115 115
134*8 134 % Mock V al 1 s t c o n so l g 4 *28.1999 j - j 111 .........
R e g is te r e d ........................... 1999 j - j
Col So II V 1 st e x t g 4 s . .1 9 4 8 A-O 103 105
11 o u s t E So W T e x S ee So Pac
11 o u s t So T e x Gen S ee So P a c Co
J llin o is C e n tra l 1 s t g 4 s .. 1951 j - j 115*8 .........
4 R e g is te r e d ....................... 1951 j - j 113 .........
98% K)2
7534 82*2
1 s t gold 3*28 ....................... 1951 j - j 104*2 107
R e g is te r e d ....................... 1951 j - j
114*2114*2
1 s t go ld 3 s 8 t e r i i n g ..........1951 M-S
R e g is te r e d ....................... 1951 M-S
127*2127*2
Coll T r u s t gold 4 s ............1952 A-O 1 0434 105*2
R e g is ie r e d ....................... 1952 A-O
L N O & T e x go ld 4 s . . ..1 9 5 3 M-N 105% 106
82
87
R e g is te r e d ....................... 1953 M-N
82*4 863
4
C airo B rid g e gold 4 h___1950 J -D 11 234
91
96
L o u is v ille D iv go ld 3*28.1953 J - J 101*4.........
R e g is te r e d ....................... 1953 J - J
M id la n d D iv r e g 5 s ..........1921 F-A 120
S t L o u is D iv go ld 3 s ___1951 J - J * 87
R e g is te r e d ........................1951 J - J
G old 3*28 ........................... 1951 J - J
1013,4
R e g is te r e d ....................1951 J - J
11738 120*8
S p r in g D iv 1 s t g 3*28...1951 J - J
136*8 138
W e s te rn L in e s 1 s t g 4 s . . 1951 F-A 113 3S .........
13738 140*8
R e g is te r e d ........................1951 F-A
B e lie v e d C a r 1 s t 6 s ........1923 J-D 126
133*2136*2
C a rb Sc S h a w 1 s t g 4 s . . . 1932 M-S
116*8 116*8
C h ic S t L & N O g 5 s . ..1 9 5 1 J-D 131 ..........
103*2 105*2
R e g is te r e d ....................... 1951. J-D 129*2
11634 1 1 7 38
G old 3 *28........................... 1951 J-D
R e g is te r e d ....................1951 J-D
M e m p h D iv 1 s t g 4 s . . . 1951 J -D 106*2
1 1 5 34 1 1 5 34
R e g is te r e d ....................1951 J -D
S t L S o u 1 s t g u g 4 s ___1931 M-S
1 0 8 34 1 0 8 34 I n d B1 Sc W e s t S e e C C C Sc S t L
1 1 1 38 111% I n d D ec Sc W 1 s t g 5 s ........1935 J - J 1 0 8 110
1 s t g u a r g o ld 5 s ..................1935 J - J 107
151*2151*2
I n d 111 & l a 1 s t g 4 s ..........1950 J - J 103 .........
I nt cf c G r e a t N o r 1 s t g 6 s .. 1919 M-N 127 S ale
101 103% 2 d go ld 5 s ............................. 1909 M-S 100*4 S ale
3d gold 4 s ..................... ....1 9 2 1 M-S
75
78
110*4 112
110*
2113*4 I o w a C e n tra l 1 s t go ld 5 s .. 1938 J-D 1 1 9 * 4 .........
R e f u n d in g g 4 s ..................1951 M-S .......... 97
J e ffe rs o n R R S ee E r ie
88
90
a i A & G R S ee L S Sc M S
a n Sc M ic h S ee T o l Sc O C
K C F t S & M S ee S t L & S F
K C & M R & B 1 s t g u g 5 s. 1929 A-O
K a n C Sc P a c ific S ee M K & T
92*2 94*8 K a n C ity S o u 1 s t g o ld 3 s .. 1950 A-0 7 2 38 S ale
R e g is te r e d ........................... 1950 A -0
30
60
84*2 87*8 K e n tu c k y C e n t See L Sc N
92*2 95*2 K e o k Sc D e s M o S ee C R I Sc P
K n o x v ille Sc O hio S ee So R y
112*8115
a k e E r ie Sc W 1 s t g 5 s . .1 9 3 7 J - J ..........123*4
2d go ld 5 s .........................1941 J - J *1 1 7 * 2 ..........
111 1 1 4 34
N o r th O hio 1 s t g u g 5 s . . 1945 A-O 1 1 2 * 2 ..........
L S h o Sc M ic h S S ee N Y C e n t
L e h ig h V a l (P a ) coll g 5 s .1997 M-N 110*2 R e g is te r e d 5 s ......................1997 M-N
115 115
L e h V a l N Y 1 s t g u g 4*28.1940 J - J i i i * 2 ..........
R e g is te r e d ........................... 1940 J - J
115*2.115*2
121 122
L e h V T e r R y 1 s t g u g 5 s. 1941 A-O 1 1 7 * 2 ..........
R e g is te r e d ........................... 1941 A-O
115 116*8
121 1213 L e h V Coal Co 1 s t g u g 5 s. 1933 J - J 1 0 8 Y
4
R e g is te r e d ........................... 1933 J - J
108*8109*4
138 142
L e h Sc N Y 1 s t g u a r g 4 s . . 1945 M-S
96
R e g is te r e d ........................... 1945 M-S
139 139
98* 10038
4
E l C Sc N 1 s t g l s t p f 6 s .1914 A -0 "1 0 4 106*2
G old g u a r 5 s ....................1914 A -0
L e h Sc H u d R S ee C e n t of N J
87*8 90
L e h Sc W ilk e s b S e e C e n t of N J
93*4 95*2 L e ro y Sc C a n e y V a l S e e M o P
L o n g D o ck S ee E r ie
133 133
L o n g I s la n d 1 s t con g 5 s .M 9 3 1 Q-J 1 1 9 * 2 .........
1 s t c o n so l g o ld 4 s ..........7^1931 Q -J
G e n e ra l g o ld 4 s ..................1938 J-D 1 0 2 * 4 ..........
123*2 125*2
1 0 3 34 106
F e r r y go ld 4*28 ..................1922 M-S
G old 4 s ...................................1932 J-D
U n ifie d g o ld 4 s ..................1949 M-S 101 *8 ..........
D e b e n tu r e go ld 5 s ............1 934 J-D
B k ly n So M o n t 1 s t g 6 s . . 1911 M-S
1 s t 5 s ...................................1911 M-S 1 0 7 * 2 .........
I I 534 118
N Y B & M B 1 s t co n g 5s 1935 A O 1 1 4 * 8 .........
115*2118
N Y Sc R B 1 s t g o s ........1927 M-S 1 12 *2.........
102 103
N o r S liB 1 s t con g g u 5 s o l 9 3 2 Q-J 112 ..........
109 110*2
L o u is v Sc N a s h v g e n g 6 s. 1930 J-D 120*2 122
116 116
G old 5 s ...................................1937 M-N * 1 1 6 * 2 ..........
U n ifie d gold 4 s .................1 9 4 0 J - J 102% S ale
112*21^.4*2
R e g is te r e d ........................1940 J - J
C oll t r u s t go ld 5 s .............. 1931 M-N 113 ..........
C o H tr u s t 5-20 g 4 s . 1903-1918 A -0 *100*2101
123*
8123*8
1083 112
4
C e c ilia n B ra n c h 7 s ..........1907 M-S
E H Sc N a s h 1 s t g 6 s ___1919 J -D 1 1 5 34 ..........
L C in Sc L e x go ld 4 * . ..1 9 3 1 M-N 113 " ..........
28
N O Sc M 1 s t go ld 6 s ___1930 J - J 1 3 1 * 4 ..........
N O & M 2d g o ld 6 s ........1930 J - J 124 ..........
P e n s a c o la D iv gold 6 s. ..1 9 2 0 M-S 116*2118

5 I 05

J 1) 104 ha Salo
J-.J
.J - J
M-N 104,“ m i n
M-N
M-S
J -J
M-N 1 0 5 * 2 .......
104 106

83

Since,

BOLDS
N. Y. S T O C K E X C H A N G E
WlCKK ENDING A Fill h 18

817

i 00*2 100 ‘2
100*2 Fed, ’02
105 M a r’ll112*2 J I 4 G m l ) 06 1 14 *2
07 88
89 *2
91.
92 *2
100% J a n ’02
98*2 N o v ’00
1 I l *2 M a r’02

95%

110

103

i 09 ‘2 J J 1 »
v

96*2 72 J

111

95*2 97

16 107% 111

M a r’02 . . . . 106

106

106%

100

2 115 116
115*8 1.15*8
113*2 M a r ’Oo . . . .
___ 1*04*2)05'%
104 *2 M a r’02
102*2 A p r ’98
105
105
102 O c t ’01
105*2 105*2
98 J a n ’00

i; 105

1 0634

8 105

106

101 *4 A p r’02 . . . . 100*2101*4
123 M ay’99
90*4 A p r ’01
101*4 A u g ’01
101 *8 O ct ’99
100 N o v ’00

_
113*2 F e b ’02 _ 113*211434
124
90
131
124
104%

M ay’01
N o v ’98
6 129*2 3 31
131
S e p ’01
A p r ’02 ___ 104% 104%

106

OCt ’01

101

M a r ’02 ___ 101

L05% M a r ’02 —

104*2

105% 105%

100 1 0 2 34
7 123 ,127
100
100*2 27 100 103
73*2 F e b ’02 . . . . 75
80
119 M a r ’02 . . . . 116% 119
96*2 M a r ’02
95
97

102'% M a r ’02
125
127

E

L

72
7 2 E 124
63*4 O c t ’00

71*4 74

122 A p r ’02
1173s F e b ’02
113 J a n ’02

120% 122
116 1 1 7 38
113 113

1 1 0 * 2 F e b ’02

109

110*2

1 1 0 34 M a r ’02

109

11034

10834 N o v ’01
120*4 M a r ’02
109 *2 O c t ’99
109 J ’n e ’01

11834 120*4

97

N o v ’01

101 *8 S ep ’99

122

M a r’02

121*2 122

104
104
100
101
111

A p r ’02
F e b ’02
O ct ’00
A p r ’02
J a n ’02

102
104

104
104

99
111

102
111

109*2 J ’n e ’01
112 M a r ’02
112 118
112*2 J a n ’02
112*2112*2
112 *2 A p r ’02
1 1 2 * 2 lU * 2
7 118'% 122
121*4 122
1 116 116*2
116*2 116*2
102% 102% 164 100*2 103 ,
1 00 1 00
100 J a n ’02
115 115
115 F e b ’02
100*2 101
33 100*2 101*2
106 D e c ’00
115 M a r ’02
114*2 115
103 J a n ’98
130 *2 F e b ’02
128*2 130*2
124% 124% 10 122 124%
115 11 6 38
116% M a r ’02

fflljSOELliANEOUS BONDS—Continued on Next Page.
Cn* and Electric Light
Ch G L Sc (J Co See P G Sc O Co
C o lu m b u s G a s l e t g o h ___1932 J - J
C o n n B y Sc L S ee S tre e t Ity
Con G a s Co S ee P G So (J Co
D e tr o it Ci t y G as g oh ..........J 923 J J
D e t G a s Co con J Ht g o h . .. 1918 F A
E d El i l l Bk u S ee K Co E it Sc P
E d E I JJ See N Y G Sc E H i So P
y .<j G Jv S Y J Ht eo n g b n .. 1932 M-S
K q G Sc F u e l S ee P (> Sc C Co
C a e So E le c B erg Co e g o h . 1949
G r H up G L Co J Ht g o h . ..1 9 1 5
K C Mo C an Co J Ht g b n . . . I 922
K i n g s Co El E Ac I' ft 5 8 ... 1937 A
i'oretia.H e m o n e y fJ.-j......... J 9971A

G a s and E lectric Light

N e w a r k C o n s G as con g 5s 1948
N Y G E L .II Sc P ft 5 s . ..1 9 4 8
P u r c h a s e m o n e y g 4 s . . . 1949
E d E l III 1 s t c o n v ft 5 s .. 1910
l e t c o n so l gold 5 s .......... 1995
95 .......... 9 6 A p r ’02 .... 92*2 97*2
NY<feQEl LSoV 1 s t co n g 5 s i 930
10 6
105 O c t ’01
P a te rs o n Sc P G Sc E g 5 s. 1949
P eo G a s So 0 1 st g u g 6 s .. 1904
2 d g u a r gold 6 s . ................ 1904
117 122 118*2 O c t ’01 .... .....................
1 s t con g old 6 s ....................1943
R e fu n d in g gold 5 s ............ 1947
61 *2 O c t ’01
1 0 7 34 D e o ’00
Ch G-Lcfe C k e 1s t g u g 5-8 1937
.....................
C on G Co of o il 1 st g u g 5 s .’36
................
E q G<fc E Ch 1 st g u g 6 s. 1905
1 124 124
124
M u F u e l G as 1 s t g u g 5 s . 1947
122 .......... 124
97
98
98 M a r’02
T r e n to n G So El 1 s t g 5 s . .1 9 4 9
i jo e G a h G o! Ht \ , J ht g oh .e l'J it)
J J 0 Hale 1093
4 110
- 8 107*2 110 U tic a E L & P 1 s t s f g 5 s. J 950
M n i F u e l G a h C o See P eo p <\u :
W e s te rn G as Co col t r g 5 s J 933
i <o p ric e F rid a y ; la t e s t bid an d a s k e d th is w eek , a D u e J a n d D uo A p r e D uo M ay h D uo J ’iy lc D u o

J -D
J -D
F-A
M-S
J-J
F-A
M-S
M-N
J -D
A-O
M-S
J-J
J -D
J-J
M-N
M- S
J-J
M-N
A ug

116 . . . . . .
96*2 S ale
1 0 6 * 2 ___
121................
1 0 5 * 2 .........

1.16
116*8 23 112*2 11 6 34
96*8
97 173 96
98*2
106% M a r ’02
106*2 109
121 *2 A p r ’01
3 104*2 107
100*2 106*2

103 *2 .......... 107 J ’l y ’OO
103 103*2
1 03 *2 ......... 103 *2 M a r’02
121
121 S alo 121
" 1 121 126
106 D ec *98
1 109 J 10
109 % 110 lo o 3.,. 1093,
109 ......... 109G A p r ’02
1 0 8 % 109*2
104 105
102 G 104 *4
104 % M a r’02
105 105
..........104% 105 J a n ’02
109 F e b ’01
1

..................... 1 0 7 *2 J a n ’01
0 D uo O c t
q D uo D ec s O p tio n salfr

Bond Record— Continued— Page 8

818
HON IKS
N . Y. S T O C K E X C H A N G E !
W t i t E ndi ng a p h il 18

i+rlce
L Y id u y
A p r il IS

Week* s
R a n g e or
L a s t S a le

14 *5 |
S'

Range
S in c e
Z January 1

f i i y h l S o \l.o w h i g h
B id
LoU ls\ A N iisliV —( C o n tin u e d )
A 8II I L ow
S t L i>l V lest gold Ota.......1921
127 Si F e b '02
,1*27 127*3
2d gold 3 s ........................1980
7 3 Si Aug' Ol
..................
113 N o v ’99
H e a d e r B tlge l a t s f g 6 a. 1931
..................
K e n tu c k y C e n t gold i s . . 1.167
| 99 10 0 34
lo o S i......... 1 0 0 % 1 0 0 %
L A N A Al A M l a t g 1 %a 194.)
.
110 Si M a r’0 ‘
2
110*4 111) Si
N ELa, A S 1 t g u g o a .. . 193 7
i n % V/.Y.'] 114% Ffcb’02
112 114%
P e u i A A ti l a t g u g da. .1921
113 % 1 14 L 113% M a r’02
112 113*8
115 D ec ’01
S A N A la cun g u g 5 a. .1 9 3 6 E A 114 116
Si n k f u n d g o ld 6 a ......... 1910 A O
L A J ell B d g e Go g u g 4 a . . 1945 IV s i o o * *.!* 100 M u r’01
1
L N A A Oh See C L A 1.
a h o n Goal See L S A M S
a u h a t t a u By consol 4a. 1990 A O 105 105% 105*3 106 138 105 107*2
R e g is te r e d ...................1990 A O
105*4 M ay ’01
M etro p o l E l l a t g 6 a _ 19OS J - J 114 ’ 114*4 1 1 3 78 A p r ’09
_
1 1 3 * 114*2
M an S W C oloulz g 5 a ......1934 J-D
M c K ’p t A B V See N Y C e n t
M e tro p o lita n E l See M an By
21 82
M ex C e n t conaol gold 4a. .1911 J J
85
85
84% 85
84 78
l i t conaol in co m e g 3 a .a l9 3 9 J ’ly
86*3 *2666 30% 36*2
34% Sale
34
2 d conaol in co m e g 3 a .. a 1939 J ’ly
23 Si Sale
25 S. 988 21
23*3
25*5
E q u ip A C o llg o itl5 a ........1917 A O
2d a e ric a g o ld 5 a ........... 1919 A O
M ex I n t e r n a t l a t c o n g 4a. 1977 M S
90% J ’l y ’03
M e i N a t l a t 6 a c tfa d e p .,1 9 2 7
101 F e b ’02
100Si 101
O tfa of d ep 2 d in c 6 a A .7 t l 9 17
9 9 3i D e c ’01
C tfa of d ep 2d in c 6 a B . / t l 9 l 7
40*4 M a r’02
35
40*4
P r io r lio n 4%a (\v i ) ........1926 A-O
102*4 102*4 20 1 0 2 % 1 0 2 %
60 80% 81*5
l a t c o n so l 4a (w l ) ........... 1951 A-O
81
81
M ex N o r th l a t gold 6 a ___1910 J-D 1 0 0 1
105 May* 00
4
M ich C e n t S ee N Y C e n t
M id of N J S ee E rie
M U L S A W See C hic A N W
M il A M ad See C h ic A N W
MU A N o r th See Oh M A S t P
M in n A S t L l a t g old 7 a .. 1927 •D 147% . . . .
147*3 Tan ’02
147*2 147*2
Io w a E x 1 s t gold 7 a ........1909
4
-D 120 * 1 22 % 121 A p r *02
119 1 2 1
P a c ific E x 1 s t g o ld 6 a . . . 1921 -O 1 2 6 * 8 .... 12734 F e b *02
127 127%
S o u th W e s t E x l a t g 7 a .1910
121 J a n *02
D 1 2 2 * 3 ....
12 1 1 2 1
l a t co n so l gold 5 a ..............1934 M N 123% . . . .
124*3 124*3 206 120*4 124*5
1 st a n d re f u n d g o ld 4 a . . 1949 M-S
104 M a r’02
103*2106
Mi n n A S t L g u See B C B A N
M A P 1 st 5 a a t p d 4 a i u t g u 1936 J - J
M S S M A A l a t g 4 in t g u 1926 J - J
103 N o v ’01
97
M S t P A S S M con g 4 i n t g u ’38 J - J
98 A p r *01
M in n U n See S t P M A M
42 98 101*3
M o K a n A T e x 1 s t g 4 a ... 1990 J-D 101 S ale 1 0 0 34 1 0 1
2 d g old 4 a ......................... #1990 P-A
83 *s S ale
82*3
83*3 194 81*3 84
1 103 107*2
1 s t e x t g old 5 s .................. 1944 M-N
107*3 107 *3
S t L D iv 1 s t r e f g 4 8 ___2001 A O
D a l A W a l a t g u g 5 s . . . 1940 M-N *105*3____ 106*4 M a r’02
102 106*4
K a n C A P a c 1 s t g 4 s . . .1 9 9 0 M-S
90 S i......... 91*3 M a r’02
90*3 92
M K A T of T 1 s t g u g 5 s . 194*2 J -D *105 .......... 105*3 A p r ’02
104*3 107%
S lie r Sh A So 1 st g u g o s. 1943 P-A 105 .......... 105 *2 J a n ’02
101*3 105*2
T e b o A N e o sh o 1 s t 7 s . . . 1903 J-D
M o K A E 1 st g u g 5 s ........1942 A-O 111*8113 113 A p r ’02
111 113*3
M isso u ri P a c ific 3d 7 s ........1906 M-N 143% 115 11334 M a r’02
1133 l l 4 3
4
4
1 s t o onsol g old 6 s .............1920 M-N 125% S ale 125*3 125% 15 123*3 125%
T r u s t g old 5 s s ta m p e d .a l9 1 7 M-S 107 *« Sale 107
107*8 63 106% 109*4
R e g i s t e r e d ...................a l9 1 7 M-S
1 s t coll g old 5 s .................. 1920 F-A 106 7e ........ 108 M a r’02
106 108%
89 91*8 95
C e n t B r B y 1 s t g u g 4 s . 1919 F-A
94 S ale
93*3
95
L e ro y A C V A L 1 st g 5s 1926 J - J 105 109 1 0 0 M ay ’01
5 104*4 107*4
P a c R of Mo 1 s t e x g 4 s. 1938 F-A 105*3 107*3 104*4 104*4
2 d e x te n d e d g old o s . . . 1938 J - J 1 1 5 * 3 ......... 114 J a n ’02
114 114
S t L I r M A S g e n co n g 5 s l9 3 1 A-O 116*3 Sale 116*3 116*3 41 116*3120
G e n con s ta m p g t d g 5 s l 9 3 1 A-O ......... 116*4 115 *3 D e c ’01
U n ifie d A r e f g old 4 s .. 1929 J - J
9 4 Si S ale
9438
94*3 82 92*3 95
V e r d i V I A W 1 s t g 5 s .1926 M-S
M iss R iv B rid g e See C h ic A A lt
110*4 J ’l y ’00
M ob A B irin p r io r lie n g 5s 1945 J - J 112*4
93 M a r’02
M o rtg a g e g old 4 s ............. 1945 J - J
93
93*2
M ob J a c k A K C 1 s t g 5 s .1946 J-D
90
95
131 *3 A p r ’02
M ob A O hio n e w g o ld 6 s . . 19*27 J -D 131*4
130 131*3
127 F e b ’02
1 s t e x te n s io n g o ld 6s..7iL 927 Q -J 127*3
127 128*3
G e n e ra l g old 4 s ................. 1938 M-S
9 8 34 A p r ’02
98
99
114 F e b ’02
M o n tg o m D iv 1 s t g 5 s . .1947 F-A *115*3
114 116*3
92 34
99 O ct ’01
S t L A C airo g u g 4 s ___1931 J - J
C o lla te ra l g 4 s ..............e l9 3 0 Q -F
95*4 N o v ’01
M A O coll 4s See S o u th e rn
M o h a w k A M a i See N Y C A H
M o n o n g a k e la R iv See B A O
M o n t C e n t See S t P M A M
M o rg a n ’s L a A T S ee S P Co
M o rris A E s s e x See D e l L A W
a s h C h a t A S t L 1 s t 7 s . 1913 J - J 1 2 7 34 1 2 8 34 128
128*4 19 126% 12,8*4
1 s t co n so l g o ld o s ......... 1928 A-O 1 1 2*3......... 116 M a r’02
114 116
J a s p e r B r a n c h 1 s t g 6 s . . 1923 J - J 119 .......... 113 D e c ’99
M cM M W A A l 1 s t 6 s . . 1917 J - J 1 1 5 * 4..........
T A P B ra n c h 1 s t 6 s ___1917 J - J
111 D e c ’99
N a s h F lo r A S h e f See L A N
N e w H A D See N Y N H A H
N J J u n e R R See N Y C e n t
N e w A C in B d g e See P e n n Co
N O A N E p rio r lie n g 6 s p l9 1 5 A-O
N Y B k ln A M a n B ell See L I
1 0 3% 104
4
103% 103%
N Y C e n t A H R 1 s t 7 s . ..1 9 0 3 J - J 1033
103% M a r ’02
R e g is te r e d .......................1903 J - J 103
103% 103%
G old m o rtg a g e 3 % s.......... 1997 J - J 109
109
109
108 109*2
108*3 A p r ’02
108*3 109
R e g is te r e d .......................1997 J - J 109
102 % 102 %
1 0 2% 104
D e b e n tu r e 5 s of. ..1 8 8 4 -1 9 0 4 M-S 1 0 2 34
102*8 103%
R e g is te r e d ........... 1884-1904 M-S *102*4
102*3 102*3
109*3 S e p ’97
R e g is t d eb 5 s o f . . .1889-1904 M-S * 1 0 2 %
101% A p r ’02
101*4 101*4
D e b e n tu r e g 4 s ___1890-1905 J-D 101*4
100% J a n ’02
R e g is te r e d ........... 1890-1905 J-D
100%100*4
D e b t c e r ts e x t g 4 s ......... 1905 M-N 101*4...... 101*3 101*3
100*2 101%
100*8 N o v ’01
R e g is te r e d ...................... 1905 M-N
98
95
95*3 66 95
L a k e S h o re coll g 3 % s.. . 1998 F-A
95 Sale
25 93 Si 961
R e g is te r e d ................... ..1 9 9 8 F-A
94*3
95
45 93% 97^
94% 95
M ic h C e n t co ll g 3 % s ___1998 F-A
94*2
95
93*4 F e b ’02
93
96
R e g is te r e d ....................... 1998 F-A
111% Sep ’01
B e e c h C re e k 1 s t g u g 4 s. 1936 J - J
106 J ’lie’98
R e g is te r e d .......................1936 J - J
2 d g u gold o s ................. 1936 J - J 117*3
C a r t A A d 1 s t g u g 4 s . . . 19S1 J -D
C learfield B itu m Coal C o rp —
93
95
95 A p r ’02
1 s t s f i n t g u g 4s s e r A 1940
G out A O sw e 1 s t g u g 5s 1942

M

N

[You LXXIV.

BONUS
N . Y. ST O C K E X C H X.NGE
VVeuk E nding A p k il 18

P r ic e
Friday
A p ril IS

W e e k 's
R a n g e or
L a s t S a le

<
<
Range
S in c e
5a cc J a n u a r y 1
%1

H id
A 8k L o w
h i g h A o LOW J l i g h
V C e n t & H B —( C o n tin u e d i
M oh <c M ai 1st g u g 4 a .. 1 0 9 I M S 105
S
107% J ’ly ’oo
................V*
110*4 D ec*01
1ncom e o a ........................ 1992 Sep
108 D ec ’01
N J J Line B g u l a t 4 a ...1 9 8 6 F A
I te g is te r e d .......................1986 F-A
N Y A iJu 1st coil g u g 4a 1993 A O
105 *2 N ov’Ol
N o r A Moiitfclat g u g 5 s . l 9 l 6 A -o
W e s t S h o re 1 st 4a g u . . .2361 J J 113% Sale 113% 113%
112 113*4
1 i 3 % A p r ’02
R e g is te r e d ...........
...2 3 6 1 j J
I 12 %J 13*8
L a k e S h o re conaol 2d 7a . 1903 .1 D io ?% I ” !'.! 107% A p r ’02
10.7% 107%
R e g is te r e d ......................1903 J D 1 0 7 % ......... 107% M a r’02
107*4 107%
G old 3 Sia ......................... 199 7 1J l> 108% 109% 108% A p r ’02
106 109 %
I 10*2 M a r’OO
R e g is te re d .
....... 1997 J 1 )
R e t M on A T o l l a t 7a 1906 F A 11 1 % 1 15 *4 114 F o b ’02
114 114
K a A A G It 1at gu c 5 a . 1938 J - J
127 * F e b ’02
2
M ahon C’l R l i 1 s t 5 a .. 19 341J - J 127%
127 *2 127 %
116% A p r ’01
P itta M cK A Y 1 st g u 6 a. 1932 J - J 142
2 d g u a r 6s . . . . . .
i 2 :;: J - J 130
M c k e e s A B V 1al g 6 a 1918 J - J 126%
102% Ma r ’02
101 % 102 %
M ich C en t 1 st conaol 7a. 19021 M-N 1 0 2 %
101% F e b ’02
101 % 10 1 %
l a t conaol 5 a .................. 1902 M-N 1 0 1 %
118% D e c ’01
6 a ........................................1909 M-S 115
130 129 A p r ’02
129 132*2
5 a ........................................1931 M S
130 J a n ’02
130 130
R e g is te re d .................. 1931 G M
110 D e c ’01
4 a ........................................19401 J - J
106% N o v ’OO
R e g is te re d .................. 19401 J - J
B a t C A S tu r l a t g u g 3 s ,1 9 8 9 | J D
115% M ay’UO
N Y A H a rle m g 3 % s ... 2 0 0 0 |M-N
R e g is te re d ...................... 2 0 0 0 “M-N
”
121 *4 121*2
N Y A N o rth l a t g 5 a ... 1927 A O ......... 1 2 2 % 121 *4 F e b ’02
125% 127%
R \V A O con l a t e x t 5a. h 1922 A-O 124% 126 127*2 M a r’02
113% 114*2
O sw e A R 2d g u g 5 a .. . e \ 915 F-A 111 ........ 113% J a n ’02
R W A O T R 1s t g u g 5s. J 918 M-N
110 *2 N o v ’01
U tic a
B lk R iv g u g 4a. 1922 J -J 1 1 0 1 1 1
106% 17 105% 108
N Y C hic A S t L 1 s t g 4a. 1937 A O 106% Sale 106
107 D e c ’01
R e g is te r e d ......................... 1937 A O
N Y A G reen w L a k e S ee E rie
N Y A H a r See N Y C A H u d
N Y L ack A W S ee D L A W
N Y L E A W S ee E rie
N Y & L o n g B r See C e n t of N J
N Y A N K See N Y N H A 11
N Y N H A H a r l a t re g 4 a . 1903
2 204% 214
214
C o n v e rt d eb co rta $ 1 ,0 0 0 ........ A-O 2 1 2 * 2 ........J 214
207 M a r’02
207 207
S m all c e rts $ 1 0 0 ....................
135% 135%
H o u s a to n ic R con g 5 s .. 1937 M-N 1 3 5 mm i n 135 % J a n ’02
N H A D e rb y con g 5 s .. 1918 M-N 117*2
114 J a n ’00
N Y A N E 1 s t 7 s ............ 1905 J - J 109%
l a t 6 s ..................................1905 J - J 1 0 6 % ......... 106% M a r’02 — 106*4 106%
N Y A N o rth S ee N Y C A H
N Y O A W r e f 1 s t g 4 s .. #1 992 M-S 104% Sale 104*2 104% 37 103 105%
101*2N ov’98
R e g is $5,000 o n ly ..........#1992 M- S
N Y A P u t S ee N Y C A H
N Y A R B See L o n g Is la n d
N Y S A W See E r ie
N Y T e x A M S ee So P a c Co
116% 116%
N o r A S o u th 1 s t g 5 s ......... 1941 M-N *116 117 116*2 M a r’02
i 134% 135%
N o rf A W e s t g e n g 6 s ........1931 M-N 134 ......... 135*2 135*2
Im p ro v e m ’t A e x t g 6 s . .1934 F-A 132*4......... 133*4 Mar*02 . . . . 132 133*4
135 A p r ’02 . . . . 135 135
N e w R iv e r 1 s t g 6 s ........1932 A-O ......... 135
30 1 0 1 % 104%
1 0 1 % 102
N A W R y 1 s t con g 4 s. 1990 A-O 1 0 1 * 2 1 0 2
100% J a n ’02 . . . . 1 0 0 % 1 0 0 %
R e g is te re d .......................1996 A-O
107 *2 J ’l y ’01
C O A T 1 s t g u g 5 s ......... 1922 J - J *108
1 2 101% 104
104
Scio V A N E 1 s t g u g 4s 1989 M-N 103 .......... 104
N o rth Illin o is S ee C hi A N W
N o rth Ohio S ee L E r ie A W
N o rth e rn P a c i f i c P r io r lie n r y A 1 g r g 4 s. 1997 Q -J 105 105% 105% 105*2 93 104% 106%
2 103% 105%
103*8 103%
R e g is te re d .......................1997 Q -J
74%
74% 74 73*4 75*4
74% S ale
G e n e ra l lie n gold 3 s ___a2047 Q -F
72
75
72 A p r ’02 —
R e g is te r e d ................... a2047 Q-F
C B A Q coll t r 4 s See G t N o r
10 10 0 1 0 2
10 2
S t P a u l-D u l D iv g 4 s ___1996 J-D *1 0 1 * 2 1 0 2 10 2
R e g is te r e d .......................1996 J-D
1 3 0 % D e c ’01
S t P A N P g e n g 6 s ___1923 F-A * i 28
132 J ’l y ’99
R e g is te re d c e rtific ’s ..l 9 2 3 Q- F
1 1 2 1 12 2
122
S t P a u l A D u l 1 s t 5 s . . . . 1931 F-A * 1 1 8 % ......... 12 2
110% A p r ’02 . . . . 110*4 112*2
2d 5 s ..................................1917 A-O
100 J a n ’02 . . . . 1 0 0 10 0
1 s t co n so l go ld 4 s ......... 1968 J-D
90 ......... 94*2 F e b ’02 . . . . 94% 94%
W a sh C e n t 1 s t g 4 s ......... 1948 Q-M
N o r P a c T e r Co 1 s t g 6 s . .1 9 3 3 J - J 118*2......... 119 M a r’02 • *** 115 119
N o r R y C al S ee So P a c
N o r W is See S t P M A O
N o r A M o n t S ee N Y C e n t
I n d A W S ee C C C A S t L
hio R iv e r R R 1 s t g 5 s. 1936 J -D 114 117 112% J ’n e ’01
110 A p r ’02 — 1 1 0 1 1 0
G e n e ra l g o ld 5 s ................. 1937 A-O
O re A C al S ee So P a c Co
O re R R A N a v S ee U n P a c
O re S h o rt L in e S ee U n P a c
O sw ego A R o m e S ee N Y O
O C F A S t P S ee C A N W
112 114%
ac C oast Co 1 s t g 5 s ___1946 J-D *......... 114*4 113*2 M a r’02
ac of M isso u ri See M o P a c
P a n a m a 1 s t s fu n d g4*2S..1917 A-O 102*2103*o 103% D e c ’01
5 1 0 1 % 10 2
102
S in k fu n d s u b sid y g 6 s . . 1910 M-N 1 0 2 ......... 10 2
P e n n Co g u 1 s t g 4 * S........1921 J - J 1 1 2 % ......... 113 A p r ’02 . . . . 111% 113%
3
R e g is te re d .......................... 1921 J - J 112 * 4 ......... 112 M a r’02 . . . . 1 1 1 % 1 1 2 %
102 N o v ’98
G u a r 8 %s co ll t r u s t r e g . 1937 M-S
G u a r3 % s c o lltr s e r B ...1 9 4 1
97% 98*4 98 M a r’02 • «• » 97% 99
C S t L A P 1 st con g 5 s. 1932 A O 121*4......... 123 J a n ’02 . . . . 123 123
A-O
R e g is te r e d ......................1
121 O ct ’00
J - J 1 2 2 % ..
A-O 1 2 1 % .........
M-N 1 0 4 % ..
F-A
J - J 1 0 2 .......... 102 N o v ’OO
E r ie A P i t ts gu
J-J
J-J i l l
N A C B dge;
A-O 114*2 115 114% A p r ’02
114% 116%
P C C A St I
A-O 114*2......... 114% A p r ’02 • • «• 114% 115%
M-N
116 *2 F e b ’01
M-N 108*8
106% N o v ’01
F-A
96*2 97% 97 ' M ay’01
S eries E 3*2 g u a r g ...
J - J *131*2......... 181*2 M a r’02
is o is i%
P itts F t W A C 1st 7 s ..
J - J *181*2......... 130 F e b ’02
130 130
A ,0 *126 129 ISO A p r ’01
3d
110%110%
M-N 1 1 1 ......... 110 *2 M a r’02
1J - J
C onsol s te r lin g g

O
P

M IS C E L L A N E O U S B O N U S —C o m in u e d o n N e x t P a g e
T e l e g r a p h a n d T e le p h o n e
A m T e le p A T e l coll t r 4-s 1929
C om m C able Co 1 st g 4 s . . 2397
R e g is te r e d ..........................2397
E r i e T A T col t r g s f 5 s .. 1926
M e t T A T 1 s t s f g 5 s ....... 1918
M u t U n T e l Co See W e s tn U u
N Y A N J T e l g e n g 5 s . . 1920
N o W e s tn T e le g See W e s t U n
W e s t U n io n col t r c u r 5 s. 1938
F d a n d re a l e s t g 4 % s ...l9 5 0
M u t U n T e l s fu n d 6 s . . . 1911
N o r th w e s te r n T e l 7 s ___1904

k

C oal an d Iro n
Col F A 1 Co g e n s f g 5 s .. 191:
C o n v e rtib le d e b g os. ...1 9 1 : P-A
D e B a rd e l C A 1 .sve T C A i
.• « • <
G r R iv Coal A G 1 s t g 6 s . . ] 9 h V O
J e ff A C lear O A 1 1 st g 5s. 19% J -R
M-N
2d gold 5 s ........................... 1921 J- l )
K an A l i C A r 1st s f g 5s. 195 J - J
M-N
113*4 O ct ’01
P le a s V a l Coal 1 st g s t os.. 192: ,) 1
.v
J -J
112 113% Rocli A P it C * 1 p u r m o s. 19 U m -n
112% A p r ’02
M-N *107*4......... 108*4 109
15 107*4 109% T e u n Coal T D iv 1st g 6 s . a l 9 l \ o
B irm D iv 1 st consol 6 s . . 191 J - J
M-N 1 1 2 % ......... 112% A p r ’02
112% 113%
Cali C M Oo 1st g u g (5s. 192: 1J-D
J-J
—
De B a r C A l Oo gu g 6 s. 191 1 ,F A
\VU L E A P C Co 1 s t g 5s. 191! ! J -J
J-J
Q -J

12

100 M a r’02
99% 1 0 0 %
100% A p r ’02
100%100%
.... ........ . . . . . .
] 00 % O ct ’ 00
109 O ct ’99 . . . . ...... .
114 N o v ’01

C o al a n d Iro n
C ali C oal M in See T O I A R
i> mm lac tilling iY Indnstria
I
D learf B it Coal See N» Y C A H
M8
Col C A 1 D ev Co g u g 5 3 .1909
55 N o v ’OO
Am Cot t*d ext 4 % ....... 19151 |Q- F
s
L'ol F u e l Co g e n gold 6 a . . . 1919IM
115 ......... 115 A p r ’02 — 112 115
* N o p ric e F rid a y ; la te s t bid a n d a s k e d th is w eek , a D u e J a n e D u e M ay g D ue J ’n e h D ue J ’ly p Duo Nov

105% S ale
110 S ale

104%
102*4

* 1 0 5 % ......... 108
107
80
106%
105

1
L

106
105% 91
>
H O 5C 52j 1 0 2 % n o
J a n ’02
M av’97
M ay’9 7
P e b ’92
Oot ’00

ill
A p r’()-’
4
112% Sale 112% 112%
112 ......... lt»5 F o b ’99
104 A p r ’02
......... 106
82 J t i n ’00 . . . J
. 2 % Sale
99 % 101

63
100

.v o p t i o n sale

78 572
A p r’02

108

108

to o

106%

.
i os
too
,. . . . . .
101%

Ill %
112%
......
uu

i........
50
73
99% 101

DUNUM
JN. Y. STO 0 K 10X 0 1 1A N G to
W kit:k iO
ndinu A ru n . 18

819

Bond Beoord— Concluded— Page 4

A pril 19, 1902,]
Price
P r td a y
A p r it''IS

Week's
Jiaiiyo or
feist Sale.

flange
Since
cqv; J a n u a r y l

Ili(/h JS'O
Hid
A s A Low
P en n It iC C o n tin u e d )
.—c
Con currency Os r©g..-0l9(F» Q - M
Consol gold ;»h................ 1919 APS
Consol gold I s ..................I9--13 M-N .....................
102“ N ov’97
Allege Val gen gu g Is .. 1942 M-S
O
Cl So Mar 1st gu g 1 %s.. 1995 M-N IIP 113 1 12 ‘1 Mur’O . . . .
1) R it U& 15go 1st. gII I s g . ’dl) F - A 104 .........
Gr U A 1 ex l st gu g l %s 1911 .1 - J 112'-2......... 1 1 l >2 Mar
Hun So Lew is 1st g I s ... 1990 .1 - J
)
U K J lilt So Can gen 4 s. 1911 M-S 1 17“ “ “ “ 117 Moy’bV . . . .
P en sacola < AM See L » > Nash
&
V
P eo A L ast See C C c c b Ht L
v
Poo So Pole U u 1 st g Os___1991 Q*F ..................... 130'., F e b *02 —
101 Oct ’00
2(1 gold-L ^s..................... 61921 M-N
Pore Murq- 10 As 1 M g (5s. 1920 A-O 123 % 125 125 Mar’02
*
115 M ar’02
1 st consol gold 5 s ...... 1999 M-N
P t Huron l)iv 1st g 5s. 1999 A -0 113 115 117 J a n ’02 . . . .
Sag T u s So 1L 1st gu g 4 s. 199 1 F -A
P in e Creek reg guar 0 s ... 1992 J - D
P itts Cm < Ht L Hoc P en n Co
fc
L07x Get ’98
2
P itts C lev So Tol 1 st g 0 s . . 1922 A-O i o °
P itts F t V So Cli See P en n Co
V
P itts J u n e 1 st gold Os........ 1922 J - J 124 %......... 120 Get ’01 —
.........
P itts So L Erie 2d g 5 s ,..a l 9 2 8 A-O I l l
P itts M cK ees A- Y See N Y Con
P itts Hh A L F 1st g 5 s ...1 9 4 0 A-O 110 Vj......... 1187a Sep ’01
98 J T y ’97
1 st consol gold 5 s ..............1949 J - J
P itts A West. 1 st g 4 s ........ 1917 J - J 101 1 0 1 V 1007a F e b ’02 . . . .
......... 101 v 101 7i R e c ’Ol
J P M A Co certl’s ....................
1 2 1 7a Mar’01
P itta Y A A sh 1 st oon 5s. 1927 M-N
9 8 34
997a 315
|> e a d in g Co g e n g 4 s ........ 1997 J - J
99% Sale
92 A p r ’01
X u R eg istered ...................... 1997 J - J
9534
96
J e r se y C ent coll g 4 s . . . 1951 A-O
25
95*2 96
R en sselaer A Sar See R A H
R ich A R an See South lly
R ich So M eek See Southern
Rio Gr W est 1 st g 4 s ......... 1939 J - J 101 Salo 101
101
17
Consol and col tru st 4s . 1949 A-O
9 2 3q A p r ’02 —
90% 96
U ta h Cent 1 st g u g 4 s .a l9 1 7 A-O
92 ......... 97 Ja n ’02
Rio Gr Ju n e 1st gu g 5 s . . . 1939 J-D 113 % Sale 1137a 114
16
Rio gr So 1 st goid 4 s ......... 1940 J - J
80 ......... 82 F e h ’02
G uaranteed........................ 1940 J - J
937a A p r ’02
Rocli A P itts See R R A P
Rom e W at A Og See N Y Cent
r
R utland 1 st con g 4%s___ 1941 J - J
Rut-Canad 1st gu g 4 % s .l9 4 9 J - J
101*4 N o v ’01
ag T u s A H See P ere Marq
alt L ake C 1 st g s 1 6 s .. 1913 J - J
S t J o A G r Lsl 1 st g 3 -4 s.. 1947 J - J * ......... 98
21
98
98
S t L aw A Adiron l s t g 5 s. 1996 J - J 111 .........
2d gold 6 s ............................ 1996 A-O
S t L A Cairo See Mob A Ohio
St L A Iron M ount See M P
S t L K C < N See W abash
fc
S t L M Rr See T R R A of S t L
S t L A S F ran 2d g 6s Cl B 1906 M-N 110%110% 110*4 M ar’02
_
2d gold 6s C lass C........... 1906 M-N 110%110% 110 Mar’02 _
G eneral gold 6 s ................. 1931 J - J 13138 133 13238 A p r ’02 • «• •
G eneral gold 5 s ........... ...1 9 3 1 J - J 117 117% 117*8 Ax>r’02 -/• • S t L A S F RR gold 4 s .. 1996 J - J * ......... 101
987a F e h ’02 . ^v,
Sou tliw D iv l s t g 5 s . .1947 A-O *101 ......... 100 J a n ’02
R efu n d in g g 4 s ..............1951 J - J
97% 98
97®8
9 7 58 2
R e g is te r e d .................. 1951 J - J
K C F t S A M c o n g 6 s .. 1928 M-N
123 *2 D e c ’01
K C F t 8 A M R y ret g 4s l y 36 A-O
91\
9158 44
91% Sale
R e g iste r e d .......................1936 A-O
S t L ouis So See Illin o is Cent
S t L S W 1 st g 4 s bd c tfs.1 9 8 9 M-N 100 Sale 1 0 0
100*2 491
2d g 4s in c bond c t f s ...p l9 8 9 J - J
85
88 341
86% Sale
Gray's P t T e r l s t g u g 5 s 1947 J-D 102 .........
S t P a u l A R u l See N or P acific
S t P a u l M A M an 2d 6 s . . . 1909 A-O 1 1 3 78 ......... 114*8 A p r ’02
1 s t consol gold 6 s ..............1933 J - J 140*4 141*4 140*2 141
12
R e g iste r e d .......................1933 J - J
13734 F e b ’99
R educed to goid 4 % s..l9 3 3 J - J .......... ------ 115*8 A p r ’02 —
R e g iste r e d ................... 1933 J - J
116*8 A p r ’01
D akota e x t gold 6 s ......... 1910 M-N i l 7 % ......... 118*8 A p r ’02
M ont e x t 1 s t gold 4 s ___1937 J-D 1 0 7
107*2 Mar’02
R eg istered .......................1937 J -R
106 May’Ol
E M in n l s t d i v 1 st g 5 s .. 1908 A-O 1 0 5 * 4 ......... 107*2 M ar’02
R e g iste r e d .......................1908 A-O
N o r D iv 1 st gold 4 s ___1948 A-O 104 .........
M m n U nion 1 s t g 6 s ___1922 J - J
128 A p r ’00
M ont C 1 st g u g 6 s ......... 1937 J - J i i o
......... 141
141
23
R e g iste r e d .......................1937 J - J
115 A p r ’97
1 s t guar gold 5 s ........... 1937 J - J 12*% ......... 1247a 125
22
W ill A S F 1st gold 5 s .. 1938 J -R 1 2 6 x ......... 1257a F e b ’02
4
S t P A N o r P a c See N o r Pac
S t P A S ’x C ity S e e C S t P M AO
S F e P r e s A P h 1 st g 5 s . . . 1942 M-S 110 115 111 A u g’01
S A A A P See So P a c Co
S F A N P 1 st sin k f g 58.1919 J - J
11334 R e o ’Ol
Sav F A W 1 s t gold 6 s ___1934 A-O i ’ 9 ......... 128 R e c ’Ol
2
1 s t gold 5 s .......................... 1934 A-O 113 ......... 123 R e c ’99
S t Jo h n ’s R iv l s t g 4 s . . . 1934 J - J
95 ___
95*4 N o v ’01
A la M id 1st g u gold 5 s .. 1928 M-N 109 ......... 111 R e c ’Ol
B ru n s A W 1 st gu g 4 s .. 1938 J - J
907a......... 87 A u g’01
S il St) Oca A G gu g 4 « ..1 9 1 8 J - J
93 A p r ’02
Scioto Val A N E See N or A W
Seaboard A ir L in e g 4 s ...1 9 5 0 A-O
85 Sale
847a
85 201
Coll tr refund g 5 s ......... 1911 M-N 105 Sale 104*2 105
62
Seab A R oa 1 st 5 s ................1926 J - J 114 . ...
10434 F e b ’98
Car C ent 1 st con g 4 s . . . 1949 J - J
96 V ____ 96*4 Mar’02
Sher Shr A So See M K A T
Sil Sp Oca A G See S a y F A W
Sod Bay A So 1 st g 5 s ........1924 J - J *103
100 D e c ’01
So Car A Oa See Southern
Southern P acific Co—
2*5 year coll tr g 4 %h___ 1905 J - D 101 Sale 101
83
101
G o id 4 s (<JentPac co ll)./cl9 4 9 J - R
95 Sale
9434
95 158
R e g is te r e d ..................h i 949 J - R
95 A p r ’02
A A N W 1 st gu g 5 s ___1941 J - J
111 J ’n e’01
C ent P ac 1 st ref g u g 4 s 1949 F-A 102 Sale 102
1027a 142
K egi .stored.......................1949 F-A
9 9 78 J ’n e ’O
O
M ort guar gold 3 %s. . Id 929 J -R
59
88*2 Sale
88 J
2
89
R e g iste r e d .............. h i 929 J - R
Gad Mar A S A 1 st g 0 8 .. 1910 F-A 112 113 109% M ar’02
2d gold 7 s ........................ 1905 J - R 107 ......... 108 M ar’02
M ex A P ac 1 Ht g oh___1931 M-N *110 ......... 1097a F e h ’02

sou)

n ig h

.....................
.....................
1 1 1 i 11 >
2

.....................
130

130*4

125
114
117

125
115
117

10 0

101

97 7a 99*8
95*2 98

100 101*2
92% 953
4
97
97
112*2 115*4
82
82
91
93*2

S

95

98%

110 1117a
110*8110*8
131*2 134
11 5 58 118
96 100
100

100

967a 98*8
90% 94%
96*8100*2
77
88
114s8 117
13738 141
i'14

il5 * s

ii6 * 2 iis * 8
106 1077a
106% 107*2

140% 141
124*8125
124% 125*2

BONDS
N. Y. STOCK E X C H A N G E
WiCNK JC
ndino A PHIL 18
Southern Pac Co -(C o n tin u e d )
GllA V G A N 1si gu g fee 192 I M-N
IIOUH 16 A W T 1st g 5 h 1933 M-N
JM gu g oa redeem able. 1933 M-N
i
j l A, T O 1hi , g o h inl " ii. 1937 J - J
( ,'oiihoI g 6 h Int guar
191 2 A O
Gen gold 4« iu t g u a r ..1921 A-O
Waco N W d i v 1Ht g Oh ’30 M-N
Morgan’s l ,a So T 1nt 7 h. 191 8 A-O
......I920 .1 J
1nt gold Os.........
N V T S'. Mox gu 1HtgdH 19) 2 A-O
No of ( !al 1hI gu g Oh.
I 907 J - J
G ujirunlced gold o h . ... I 938 A-O
Ore, A ( 'al 1s i guar g 5s. I 927 J - J
S A So A P ush 1nt gu g 4 h 1943 J - J
So P ol'A rgu lKl g Oho 1909 10 J - J
S P of Cal 1st g Oh....... 1905 A-O
1st g Oh series B . . . . . 1905 A-O
1 s t g6H series C So R . 1900 A O
l s t g 68Series E So F. 191.2 A-O
1st gold 0 s ...................1912 A-O
1 st con guar g 58-----1937 M-N
Stan ipet 1....... 1905-1937 M-N
S Pac of N M ex 1 st g Os.. 191 1 J - J
S P Coast 1st gu g 4 s — 1937 J - J
Tex So N O 1st 7 s ............. 1905 F-A
Sabine R iv l s t g Os----- 1012 M-S
Con gold 5 s .....................1943 J - J
Southern—1st con g 5 s ----- 1994 J - J
R eg istered ...................... 1994 J - J
Mob So Ohio colL tr g 4 s .. 19 3 s M-S
Mem D iy 1st g 4*2-58... 1996 J - J
S t L ouis div 1st g 4 s ___ 1951 J - J
A la Con R 1 st g 6 s .......... 1918 J - J
A tl So D anv 1 st g 4 s ........ 1948 J - J
A tl So Yad 1 st g guar 4 s. 1949 A-O
Col So G reenv 1 st 6 s ........ 1916 J - J
E T V a So Ga R iv g 5 s .. 1930 J - J
Con 1st gold 5 s ..............1956 M-N
E Ten reor lien g 5 s ........ 1938 M-S
R egistered .......................1938 M-S
Ga P ac R y 1 st g 6 s .......... 1922 J - J
K nox So Ohio 1 st g 6 s ... 1925 J - J
Rich So R an con g 6 s ___ 1915 J - J
Equip sin k fund g 5 s .. 1909 M-S
R eb 5s stam ped..............1927 A-O
R ich & M eek 1 st g 4 s ... 1948 M-N
So Car So Ga 1 st g 5 s ___ 1919 M-N
V irginia M id ser I) 4-5S.1921 M-S
S eries E 5 s .......................1926 M-S
G eneral 5 s .......................1936 M-N
Guar stam ped............1936 M-N
W O & W 1 s t cy gu 4 s ..1 924 F-A
W est N C 1st con g 6 s .. 1914 J - J
S<feN A la See L & N
Spok F alls So N or 1st g 6 s. 1939 J - J
S tat l s l R y 1 st gu g 4 %s.. 1943 J - R
Sunb So L ew See P en n R R
S y r a B in g & N Y S e e D L & W
HPebo So N See M K So T
l e r A o f S t L 1 st g 4 7 a s ..l9 3 9 A-O
1 st con gold 5 s ........1894-1944 F -A
S t L M B g e Ter gu g 5 s. 1930 A-O
T ex So N O See So P ac Co
T ex So P ac E D iv 1 st g 6s .. 1905 M-S
1 st gold 5 s .......................... 2000 J-R
2d gold in c 5 s................... g2000 Mar
La D iv B L 1 st g 5 s .....1 9 3 1 J - J
Tol & O C 1 st g 5 s . . . ........ .1935 J - J
W estern R iv 1 st g '5 s .. .1935 A-O
G eneral gold o s ................. 1935 J-R
K an So M 1st gu g 4 s ___1990 A-O
Tol P So W 1 st gold 4 s . ...1 9 1 7 J -J
Tol StL<fc W p r lie n g 3 % s .l9 2 5 J - J
50-year gold 4 s ................. 1950 A-O
Tor H am & B uff l s t g 4 s ./il9 4 6 J-R
lster & D el 1st c o n g 5s 1928 J-R
n P ac R R So 1 gr g 4 s .. 1947 J - J
R eg istered ........... .......... 1947 J - J
1st lien co n vert 4 s ......... 1911 M-N
R eg istered .......................1911 M-N
Ore R y So N a v con g 4 s. 1946 J-R
Ore Short L ine l s t g 6 s . . 1922 F-A
1st consol g 5 s ................1946 J -J
U tah So N or 1 st 7 s ......... 1908 J - J
Gold 5 s ..............................1926 J - J
U n i N J R R So C Co See P a RR
U tah Central See R io Gr W es
U tah & N orth See U n Pacific
U tica So B lack R See N Y Cent
er V a l In d So W See Mo P
irgin ia M id See South Ry
abash 1 st gold 5 s ........1939 M-N
2d gold 5 s ................... 1939 F-A
D eb en tu re series A ........1939 J - J
S eries B ............................ 1939 J - J
1 st lien equip s fd g 5 s .. 1921 M-S
R e t Ss Oh E x t l s t g 5 s . .1941 J - J
D es'M oin R iv l s t g 4 s ..1 939 J - J
Orn R iv l s t g 3 ^ 8 ............ 1941 A-O
Tol So Ch R iv 1s t g 4 s . . . 1941 M-S
S t Chas B ridge 1 st g 6 s. 1908 A-O
W arren Sec D el Lac So W est
W ash C ent See N or P ac
W ash O So W See Southern
W est N Y So P a 1 st g 5 s ..1937 J - J
Gen gold 3-4s.....................1943 A-O
Incom e 5 s ........................ $1943 Nov
W est N o Car See South R^
W est Shore See N Y Cent
W Va C ent So P 1 st g 6 s . . 1911 J - J
W h eeF g So L E 1st g 5 s ... 1926 A-O
W heel R iv 1st gold 5 s ..1 9 2 8 J - J
E x t e n d Im p gold 5 s ... 1930 F-A
1st consol 4 s .......................1949 M-S
W ilkes So E ast See E rie
W il So Sioux F See S t P M So M
W inona So S t P See C So N W
W is C ent 50-yr 1st gen 4 s. 1949 J - J

U

Y
W

89*2 93*4
84
86*2
104*4 105
96*4 96*4

99 1 0 1 7s
93*4 95
94% 95
101*4 104
87

89*8

109% 109"%
JOS 108
109*2 109*2

J’fice.
P rid ay
A p rif i s

Week's
fla n g e or
hast Sate

:
Z

Uange
Since
/. J a n u a r y /

Hd
A s h Low
H igh S o j LoV) Ulght
108*2 J 12 J 06 I >ee '6 J
10./ ....... 106 F e b ’02
105 106
104 .........
i
J 12 t,
i J J O 61 J 12 '4
1 1 1 % ......... J I ‘ t ,
..................... 1 13 c M a r’02
113 J M >
;
93*2 94 * 91 A p r ’02
4
93% 95 5,
......... 129
l 27 *2 F eb ’02
125% 127 %
133 ......... I 35 J a n ’02
135 137
1-23*2......... I 23 »2 F e b ’02
123 12374
i 09 .........
119 .........
102 .........
9 1 % Hah;
1 1 2% Hale
105 C 10 6 :v
1 0 5 % .........
107 .........
1J
.........

113 J a n ’01
105 '2 N ov’Ol
40' , 87% 92
91 t,
92
1 12% 1 1 1 '., 24! J 12 *8 ) I 4 *
4
lost*. J a n ’02 # . J 07% 108%
ION R e o ’Ol . . . .
110% J a u ’02
1 10% J J 0 %

120 F e b ’01
......... 107 N ov’00
1 1 L A p r ’02
116
..................... 116

115

1 J 0 A p r ’Ol
......... 11 4 '2 F e b ’02
108% J ’ly ’01
Sale 122% 123
122 J a n ’02
98% 99
987a
99
115*2......... 115 M a r’02
101 ......... 100*2 100*2
118 ......... 120 M a r’OJ
97 ......... 97
97

110
107
123

109
5 115

in
no

. . . . 114*2 1)4%
30 1.119*2 193
— ! 122 122
9 | 97
99%
— 1 1 2 V I 15
10 99*2 101
6 [ 94

97

121 J ’n e ’01
1 2 1 * 8 ..
118 ' ......... 1207a ,120*2
1 117 120*2
122*2......... 122% A p r ’02 . . . . 4 20 122%
___ jJ 16*2 110*2
1167a F e b ’02
127*4 129 126 *2 F e b ’02
126 ......... 125 J a n ’02
121*2122% 121% M a r’02
101 *4 J ’l y ’00
111*4......... 113*4 M a r’02
88 D e c ’00
111 A p r ’02
iio * 2 ii3
109 115*4 102 G et ’99
114*4
114 S e p ’01
115 J a n ’02
114*2 -116 *2 D e c ’01
111*4 ..
9 1 7a Sep ’00
93*2 ..
120 ......... 1207a 1207a
123

....

117

_ 1125 1267a
_
. . . . 125 127%
.... 120% 122
.... i 12% 113%
.... 109 i i i
115
1 120

il5
120%

J ’l y ’00

1127a . . . . . . 1147a M a r’02
114*2 114%
116*2......... 116 7a M a r’02 . . . . 116*2 116*2
1137a J a n ’02 — 113*2 113*2
____ 105 104 F e b ’01
30
121
1 2 0 % ......... 121
10
99 S ale
97*2
99
111 J ’n e ’01
113 . . . . . . 113% A p r ’02 . . . .
109 . . . . . . 112% N o v ’Ol
109 ......... 110 A p r ’02 • • •
2
98%
......... 98*4 98*4
8
93 S ale
92%
93
907a 91*2 91*2 A p r ’02 ....
82*4 83*4 81%
83*4 133
99 100
99*4 M a r’02 . . . .
113 ......... 112 M a r’02 ___
105% Sale 104% 105 7a 360
2
105
105
1 0 8 7s Sale 107*4 109 3785
2
106
106
104*2105 104*8 A p r ’02 ....
127 ^2 Sale 127
L277a 10
1L9 S ale 119
1197a 10
117*2 J ’n e ’01
113 M a r’Ol

119*2120 119% 120
110% 111*4 110% 110%
102 A p r ’02
77*4 Sale
76*4
78
105% S ale 105% 105%
111*8......... 1 0 9 7 a F e b ’0z
95*4......... 95 J a n ’02
87*4 Sale
87
87*4
98 ......... 98 M a r’02
109 ......... 109 A p r ’02

119
96

1 2 i%
102%

113% 1 1 4 ^
107 i i o
98V 98%
91
93
90
917a
81% 87
977a 99*4
111 112
104% 106%
1047a 106
105% 109
106 106
102 1047a
126 1297a
117 119%

34
4
....
1161
10

118% 120
110*2 114%
100 102
66% 78%
105 105%
109% n o
95
95
67 86% 88
98
98
— 109 111%

4 119% 121
1207a 121*2 1207a 120*2
98*4 99 101 M a r’02 - - ^- 99% 101
35 ......... 40 M a r’Ol
114
113
112
112
917a

.........
.........
.........
.........
92

93

S ale

114*2 J a n ’02
112% 114%
115*2 F e b ’02
115 115%
112 7a J a n ’02 . . . 112% 112%
113 R e c ’Ol
91%
92
12 91
94

92%

93*8 189

88

93%

M IS C E L L A N E O U S BON D S —C o n c lu d e d .
JiiH C e U m ie o u s
tr ia l
Adam s E x coi tr g 4 s ......... 1948 M-S 103% ......... 104
1919 M-S
97 Sale
97
97*8 41 94% 100
3 103% 107%
104%
Am Dk So Im p 5s See C ent N J
80
90
1915 M-S
86
88
87 A p r ’02
8 2 % 82% Brooklyn Ferry Company 1st
1919 J-J •
mm
m•
82% M ar’02
1942 J - J
consolidated gold 5 s ___1948
105 J a n ’00
82 Sale
25 79% 85%
81
82
1951 F-A
65% Sale
<54%
65% 1142 64% 69% Chic J c So St Yard col g 5s. 1915
111 Mar’Ol
1951 F-A
6 5 *2 05 H Hoboken L So I gold 5 s ... 1910
>
65% M ar’02
. . . . ....................
------ -----D ietifl of A rner coll I r g 5s 1 91 1 J-J * ......... 90
90*4 Mad Sq Garden l s t g 5 s ..1919
90
90
10 8 6
G rarn ero y Srig 1 s t gold 68 1923 A-C
Man Boh II So L gen g 4 s .. 1940
99% A p r’Ol
. 90
50 F e b ’02
38
50
i ll St.eel Oo deb 5 h............. 1910 J-J 1 0 0 ......... 99 Jan ’99
m m m m N ew p N e Ship So R I> 5s #1990
m mm m
....
J91 3 A-O
N Y Rock 50-yr l s t g 4 s. .1951
99 ......... 1.00% J ’Tic’O
J.
* 9 8 * m m ‘ *90% A p r ’ ()2
90% *96%
J918 F-A 108% Sale 108% 108% 17 i 08 % 1 1 2
N Y So Cut Land l s t g 6 s .. 1010
90 Oct ’99
K n i c k e r b o c k e r i c e (Cli cage;
RR Secur (Jo 50-yr g 3 % . 1951
h
91% D e o ’01
1 st gold 5 b ......... ........ J 928 A-O ......... 99
. . . . . . . . . .
St Josep1 1 SMe Y ds ls t 4 %8-1930
93 A ug’00
i o x ’* l i n n
1 0 6 % n o *4 Ht L 'Per C lippies S tat’n Sr Prop
1920 M-N
) 10% A p r’02
95
J925 J -J ....... - 95
(Jo 1st g 4 % 5-20 year. J O17
w
5 89
94
94
—
70
J ry jr* • m 1 946 F A * 6 8
S Yuba W at Co con g 6 s ..1923
70
69
69
1 55
• ••••• ••••«■ i b i " Fob* 97
l ni'Aj(in> goid 5 h............... 1946
6 % 13% Sp Val W at W orks 1 st 6s, 1006
59
1.2%
13
12% Salo
1 13% J ’l y ’00
U S te nth (Jo h t deb g 6 h. J913 M N
’
115
115
86
87% 98 85
89%
1 L13*h 116% U S 1ted So R ef Js t s 1 g Os. 1031
N o price Friday;
bid and asked, a, One Jar. b Inn; Feb d h u o A p r (J Duo JTio A Hue J 1ly /< Hue A ug n R u e Sep p R ue N ov qDUQ DeO 8 O ption sa lo
;

THE

8120

C H R O N IC L E .

Volume of Business at Stock Exchanges
T R A N S A C T IO N S A T T H E N E W Y O R K ST O C K E X C H A N G E
D A IL Y , W E E K L Y ' A N D Y 'E A ltL Y
S t ocks

0 (44fc e n d in g
A p r il IS

1902

R a ilr o a d d e
Ronds

Shares

4 4 8 ,1 8 0
1,022,113

$ 4 3 ,3 9 5 ,5 0 0
1 0 0 ,087,300
1 7 5 ,9 3 1 ,6 0 0
1*23,304,600
122,472,500
149,414,100

S a le s a t
N e w Y o r k S to c k
E xchange

W eek e n d in g A p r i l 1 8

1902

1901

V S
Ronds

.............

$ 2 9 ,1 4 3 ,8 0 0

1*32L304
1,387,275
1,572,967

T o t a l ..........

S ta te
Bonds

$ 3 ,9 9 0 ,5 0 0
5,8 1 3 ,5 0 0
4,0 5 9 ,8 0 0
4,088,000
6,114,500
6,071,500

7 ,519,005 $ 7 1 4 ,6 0 5 ,5 0 0

S a t u r d a y ...........
M o n d a y .............
T u e sd a y
W edu esd ay . . . . .
T h u r s d a y ...........
F r i d a y ................

P a r v a lu e

$ .............
35,000

58,000
1,000

20,000
.............
$55,000

$59,000

J a n u a r y 1 to A p r i l 18

1901

1902

104,047,011
9 .6 3 5 ,549
54,673,729
7 ,5 1 9 ,0 0 5
S to c k s—No. s h a re s
P a r v a lu e ......... $ 7 1 4 ,6 0 5 ,5 0 0 $ 9 4 9 ,1 8 0 ,800 $ 5,187,706,125 $10,084,383,750
$ 9 9,325
$9,060
B a n k sh a re s, p a r ..
BONDS
$791,670
$298,600
$ 1 2 ,8 0 0
$ 5 5 ,0 0 0
G o v e rn m e n t bo n d s
1,513,900
600,500
62,000
69,000
S ta te b o n d s .............
396,461,600
311,737,300
29,1 4 3 ,8 0 0
3 0 ,6 8 7 ,300
R K. a n d m is. b o n d s
T o ta l b o n d s___

$ 2 9 ,2 5 7 ,8 0 0

$ 3 0 ,7 6 2 ,1 0 0

$31 2 ,5 3 6 ,4 0 0

$ 3 9 8 ,7 6 7 ,1 7 0

D A IL Y T R A N S A C T IO N S A T T H E B O ST O N A N D P H I L A D E L P H I A
EXCHANGES
W eek e n d in g
A p r il 18
1902

P h ila d e lp h ia

B o s to n
L is te d
s h a re s

U n lis te d
shares

Bond
sa le s

L is te d
shares

U n lis te d
shares

Bond
sa le s

16,444
42,206
27,058
26,1 3 4
31,972
38,821

27,120
29,233
26,1*20
*24,757
23 ,6 0 8
19,351

$ 3 3,800
144,025
2 1 0 ,4 50
89,675
136,825
92,375

34,098
33,470
5*2,805
11*2,207
134,726
92,827

1,078
2,231
1,547
3,404
7.184
7.184

$ 61,700
97,100
284.500
122,900
99,400
227.500

T o ta l........... 182,635

1 5 0,189

$ 7 0 7 ,1 5 0

440,133

22,628

[VOL, LXXIV,

( h i s S ecu rities*
In d ia n a p o lis G as sto c k 50

T e l e g r A T e le p h o n e
A m e r D is tT e le g (N Y )1 0 0
B e llT e le p h of B uffalo 100
c e n tr a l A So A m e r ... 100
Chea A P o to T e le p h ..l0 0
5a 1900-29...................J-J
jm m e ro ia l C a b le ___100
C om m er U u T e l (N Y ).25
Gold A S tock.
4*2B, 1 9 0 5 ...

100

M ex ican T e le p h o n e
N e w E n g T e le p h o n e
68 1920...................... MrN
P ao itic A A tla n tic ........25
P ro v id e n c e T e le p h o n e
S o u tlie rn A A tla n tic .
T e l T e l A C able of A m . 15
E lectric C om panies
C hicago E d iso n C o ... 1C
E d iso n E l 111 B rk 4 s N
E le c tro -P n e u m ’ic T ra n 1
G e n e ra l E le c tric Co N Y

Outside Securities
F o r W e e k ly R e v ie w o f O u tsid e M a r k e t S ee 7 th P a g e P re c e d in g .

S tre e t R a ilw a y s

S tre e t R a ilw a y s
A sk
B id
NEW YORK CITY
44
45
G ra n d R a p id s R y ___100
95
P r e f e r r e d ...................100
94
B le e c k S t A F u l F s t k 100
33
36
99 102
I n d ia n a p o lis S t R y See P liila lis t
1 s t m o rt 4 s 1 9 5 0 ___J -J
17
J C H o b A P a t e r s o n ..100
18
B ’w ay A 7 th A v e s t k . 100 248 252
4 s g N o v 1 1 9 4 9 ...M -N § 8 2 34 83*2
1 s t m o rt 5s 1 9 0 4 ...J - D 1 0 1 102
2 d m o rt 5s 1 9 1 4 ........J - J 1 0 S 109*2 L a k e S t (C hic) E l s t k . 100
12*4 12*2
D eb 5s 1 9 2 8 ...............J-J 103*6 103%
C on 5 s 1943 See S to ck E x c h lis t
B ’w a y S u rf 1 s t 5s g n 1924 §114 116
L o u isv S t R y 5s 1930 J& J §117 118*4
10 2
L y n n A B os 1 s t os ’2 4. J-D § 1 1 2
2d 5 s i n t a s r e n t a l 1905 § 1 0 1
113*2
C e n t’l C ro ssto w n s tk . 100 265 280
M in n e a p S t R y 5s S ee S tk E x c h lis t
31
30
1 s t M 0s 1 9 2 2 ........M -N § 1 2 2
125
N e w O rle a n s C ity R y 100
C en P k N A E R iv s tk 100 208 220
P r e f e r r e d ...................100 104 106
N o r th C hic S tr s to c k . 100 194
C onsol 7 s 1 9 0 2 ........J-D 10 1 104
1 s t os 1906-16 ......... J-J
C tiris tT A 1 0 th S t s tk 100 187 197
ColA 9 th A v e 5s See S to ck E x c h lis t
N o r th J e r s e y S t stocklO O
26
28
D ry D E B A B a t s tk 100 12 0 130
4 s 1948 .................... M -N
82
83
1 s t g o ld 5s 1 9 3 2 ...J - D 114 116
P a t R y con 6 s 1 9 3 1 ..J-D §128
S c rip 5 s 1 9 1 4 ......... F-A 103 105
2d 6 s 1 9 1 4 .................A-O § 1 0 0
R o c h e s te r R y ............... 100
E ig h th A v e n u e s to c k 100 400 410
51
55
P r e f e r r e d .................. 100
S c rip 6 s 1 9 1 4 ......... F-A 105 109
96
97
42d A G r S t F e r r y s tk 100 390 410
C on 5s 1 9 3 0 ............. A-O § 1 1 1
113
70
42d S t M & S t N A v e 100
75
2d 5s 1 9 3 3 .................J-I) § 1 0 1
103
1 s t m o r t 6 s 1 9 1 0 ...M-S 1 1 1 Hi 113
So S id e E l (C hic) s tk . 100
114
2 d in c o m e 6 s 1 9 1 5 ..J - J
99 101
S y ra c u s e R a p T r o s 1946 102*2 103*4
L e x A v A P a v F 5s See S t k E x c List
U n i t R y s (S t L T ra n s ) 100
30
31
P r e f e r r e d .................. 100
M e tro p o l S e c u r itie s (w i) 1 1 2
L14
S3
84
M e tr o p o lS tr e e tR y r ig h ts
6
G en 4 s 1 9 3 4 ...............J -J § S 8*2 89*4
6*2
N in th A v e n u e s to c k . 100 196 200
U n it R y s S a n F r a n su b s. 101*8 1 0 L 7q
S e c o n d A v e n u e stocklO O 217 2 2 1
C om m on (w h e n issu ed )
24 78 25*4
1 s t m o rt 5 s 1 9 0 9 ..M -N §105 106
P r e f e rre d (w h e n issu e d )
62
62*4
90
C o n so l 5s 1 9 4 $ ........F -A §117*2 119*2
4 s 1927...............................
90*2
S ix th A v e n u e s t o c k ..1 0 0 170 ISO
W e s t C hicago S t ......... 100 10 0 100*2
S o u B o u le v 5s 1 9 4 5 ..J - J § 1 1 1 115
C o n g 5 s 1 9 3 6 ........M -N §.........
So F e r 1 s t 5s 1 9 1 9 ...A -0 §108 1 1 0
G a s S ecu rities
T h ir d A v e n u e See S to ck E x ch lis t
NEW YORK
T a r r y W P A M 5 s 1928 108 1 1 0
Y k e rs S tR R 5s 1 9 4 6 A -0 108*2 109*2 C e n t U n io n G as 1 s t o s ... §109*2 1 1 1
2 8 tli A 2 9 th S ts 1 s t 5 s ’96 § 1 1 2 115
C on G as (N Y) sto c k N Y S to ck E x c
T w e n ty -T h ird S t s tk . 100 408 415
E q u it G as con 5 s 1932 See S tk E x lis t
10 2
D e b 5s 1 9 0 6 ............ J - J
106
M u tu a l G a s .................. 100 320 330
U n io n R y 1 st 5s 1942 F-A 116 117
N e w A m ste rd a m G as—
W e s tc h e s t 1 s t 5s ’43 J - J 108 11 2
1 s t co n so l 5s 1 9 4 8 ..J - J §111*4 112*2
NY' G E L H A P See S tock E x ch lis t
BROOKLYN
N Y & E a s t R iv e r G as—
A tla n A v e 5s 1 9 0 9 ..A -0 §105
1 s t 5s 1 9 4 4 .................J -J 10S 1 1 2
C on 5 s g 1 9 3 1 .........A-O 114 115
C onsol 5s 1 9 4 5 ......... J -J 109 1 1 2
I m p t 5s See S to c k E x c li List
N o r U n 1 s t os 1 9 2 7 .M -N 108 1 1 0
B B & W E o s 1 9 3 3 ..A-O 101*2
S ta n d a rd G as co m ___100 130 140
B ro o k ly n C ity s to c k . ,.1 0 244 246
P r e f e r r e d ...................100 150 160
C on 5s See S to c k E x c h lis t
1 s t 5s 1 9 3 0 ............. M -N §115*2 118
B k ln O ro sstn 5s 1 9 0 8 . J -J 104 107
OTHER CITIES
B k n H g t s 1 s t os 1941 A-O 105 1 0 S
B k ln Q Co A S u b S ee S tk E x c h lis t
A m e r L ig h t A T r a c t. 100
33
34
B k ly n R a p T r a n See S tk E x c h List
P r e f e r r e d ...................100
90
91
C oney I s la n d A B klynlO O 37 5 410
B a ltim o re C o n so lid at See B a lt lis t
1 s t 5s 1 9 0 3 ...........
10 2
103
B ay S ta te G a s ...............50
1
1*8
5 s c r t f s i n d b t 1 9 0 3 .. J - J 1 0 1 103
B in g h a m to n G as 5s 1938 § 93
96
B r k C A N 5s 1 9 3 9 . J -J 114 116
B osto i U n ite d G as b o n d s B osto n list
G r S tA N e w 1 s t 5s 06 F-A 104
B uffalo C ity G as stocklO O
11
11*2
G r’p t & L o rim e r :st 1 st 6 s 106 109
1 s t 5 s b o n d s....................
85
86
K in g s Co. E le v a te d —
C hicago G as See N Y S tk E x c h list
1 st 4 s 1949 See S tock E x c h List
C in c in n a ti G as A EleclO O 1 0 2 7g 103
N a s s a u E le c p re l'........100
83
85
Col G as L A H e a t com 100
89
91
5s 1 9 4 4 ...................... A -0 113 115
P r e f e r r e d ...................lo o 107*2 IDS
1 s t 4s 1 9 5 1 ................. J - J
90
1 s t 5 s 1 9 3 2 ................ J - J §108 109
W b ’g A F l a t 1 s t e x 4 %s. 105 106
C onsol G as (N J ) s t k . 100
15
17*2
S te in w a y 1 s t 6 s 1 9 2 2 .J -J §117 119
1 st 5s 1 9 3 6 .................J -J
82
C o n su m G as (J C ity )—
1 st 6 s 1 9 0 4 ............. M -N §103 104
OTHER CITIES
D e tro it C ity G a s ........... 50
B uffalo S tr e e t R y —
D o t’t G asb h is s e e N Y 8 t k E x c h list
§115 117
Essex- A H u d s o n G as 100
35
30
§106
F o r t W a y n e 6 s 1 9 2 5 ..J -J
50
55
220 224 *2 G as A E le c B e rg e n Co 100
25
30
E x c h lis t
G ra n d R a p id s G as—
C lav e Lain! C ity R y —
105 ........
1st 5 s 1915....... .......W A §104*- 106
C le v e la n d E le c tr Ry.
83
84
H a rtfo rd (C t) G as L ...2 5 t 49
C o lu m b u s (O) S t R y ..
52
H u d so n Co G a s ........... 100
26
P r e f e r r e d ..................
lo t; 108
5s g 1 9 4 9 ........................... 100*2 101 *2
Colurn R y con 5s Set
ila list
1n d ia n a N a t A 1 1 G as—
1
§109 111
1 s t 6 s 1908............. M-N
50
51*2
§ B uyer pays accrued in terest.
\ P rice per share.
i Sale price.
B id

A sk

A s ic

75
80
1 s t 6 s 1 9 2 0 ...............M-N 104
100
J a c k s o n G a s Co . . . . . . 50
73
75
os g 1 9 3 7 ................... A-O § 10 L 102
0,0.
«A
J
K a n s a s C ity G a s .......... 100
32
5a 1 9 2 2 .......................A-O §99 100*4
L acled e lia s . . . . . . . . . . i 00
80
90
P r e f e r r e d .................. 1 00 105 110
60
55
Lafay ‘e G as 1s t (is ’24. M - N
50
LogA W ahV 1 st 0 s ’2 5 .J - 1) 40
M adison lia s 6 s 1 9 2 6 .A -0 §107*2 109*2
N e w a rk G as 6 s 1 9 4 4 .Q-J §141*2 142
56
58
N e w a rk C onsul G a s .. 100
5s 1948 See S to ck E x ch lis t
N e w E n g G as A 0 See B o sto n 1 is t
O A I n d Con N a t A 111 100
22
18
1 st 6 a 1 9 2 6 ............... J-D
48
50
P ro v id e n c e G a s ..............50 1 97
S t J o s e p h G as 6 a 1937. J J § 95*2 97*2
96
S tP a u lG a s G en 5 s ’44M -S i 92
S y ra c u se G as—
1 s t 6 s 1 9 4 6 ................. J - J
98
W e s te rn G as—6 a S ee S t’k E xoli list

$893,100

S a t u r d a y ........
M o n d a y .........
T u e s d a y .........
W ednesday. .
T h u r s d a y ........
F r i d a y ............

I n d u s t r i a l a n d iH iscel
C e n t F ire w o rk s com . 100
P r e f e r r e d .............. ..1 0 0
O n eseb ro u g h M tg Co lo o
O lattin ( ii B) 1 st p re f lo o
•jd p r e f e r r e d ............ ioo
C o m m o n ................. .l o o
Colo F u e lA lr o u dob See
Col A H ock C oalA i pf 100
Let g 5 s 1017
i i
C o m p ressed A ir C o ... 100
C onsolid O ar H e a tin g 1Oo
C onsol F ir e w 'k s com . 100
P r e f e r r e d .................. io o
C ons R y L tg A Ite frig .1 0 0
C onsol R u b b e r T i r e .. 100
D e b e n tu re 4 s ................
C o n tin e n ta l T o b ac d eb 7s
C o rn P ro d u c ts See Stock
C ra m p s’ Bh A E u B ld g l oo
C ru c ib le S t e e l ............. 100
P r e f e r r e d .................. 100
D iam ond M a tc h Co
D o m in io n S e c u r itie s . 100
E lo c trio B o a t...............100
P r e f e r r e d .................. 100
36
40
E le c tric V e h ic le ......... 100
108 110
P r e f e r r e d .................. 100
102
106
E m p ire S te e l...............100
54
58
P r e f e r r e d .................. io o
I0 5 ab
G e n e ra l C a rria g e
100
176 184
G e n e ra l C h e m ic a l___100
116
P r e f e r r e d ...................100
84
78
G o rh am M fg Co com . 100
65
47
P r e f e r r e d .................. io o
X ......... a;123 II a c k e n sa c k M ea d o w s 100
H all S ig n a l Oo . .
100
106 108
H a v a n a C o m m ercial. 100
B osto n lis t
P r e f e r r e d .................. 100
B osto n lis t I le c k e r-J o n e s -J e w ’l M ill
122 126
1 s t 6s 1 9 2 2 ...............M-S
170 175
11 e rrin g -H a ll-M a rv in 100
113 116
1 s t jire f e r r e d .............100
78
83
2d p r e f e r r e d .............100
1 105
Ilo h o k e n L a n d A Im p 100
100 103
5s 1 9 1 0 .................... M-N
t .........
7
H o u s to n O i l .................100
P r e f e r r e d .................. 100
I n t e r u a t ’lB ankingC olO O
175
I n te r n a tio n a l S a lt e e rtfs.
S to ck E xch I n to r n a t’l S ilv e r S ee S tk
t 1*8
1 38 6s 1 9 4 8 ........................J-D
S to ck E x ch Iro n S te a m b o a t........... 25
198
J o h n B S te ts o n c o m .. 100
198 200
P r e f e r r e d .................. 100
L a n s to n M o n o ty p e ___20
t 98*4
37*2 39
L a w y e rs M o rt in s u r .1 0 0
73
74
L a w y e rs ’ S u r e ty ........100
125
L a w y e rs ’ T itle i n s . . . 100
15
17
L o n lla rd (P ) p r e f ........100
68
71
M ad iso n Sq G a r d e n ..100
S ee B a lt list
2d 6s 1 9 1 9 ...............M-N
H e x N a t C o n s tru e .p f 100
M o n o n g aliela R C o a l..50
P r e f e r r e d .................... 50
19*2 20
113 115
M o n t A B o sto n Cop p e r. 5
E x c h list
M o sler Safe C o........... 100
108 110
N a tio n a l B re a d ........... 100
76
P r e f e r r e d ............... ..1 0 0
§ 94
N a tio n a l C a rb o n ......... 100
71
P r e f e r r e d .................. 100
§112*2 114
N a t E n a m ’g A S ta m p 100
P r e f e r r e d .................. 100
§ 87
N a tio n a l S u r e ty ......... 100
102 105
N e w C e n tra l C oal......... 20
75
N Y L o a n A Im p ........100
§105 108
N Y B is c u it 6s 1 9 11. M-S
42
44*4 N Y R e a lty C o rp ........100
N Y T r a n s p o r ta tio n . ..2 0
§ 98
N ic h o lso n F ile C o___100
N o r A m L u m ’r A P u lp 100
§ 9534 99*8 O n ta rio S ilv e r ......... ..1 0 0
§ 91*8 94*2 O tis E le v a to r com ___100
P r e f e r r e d ...................100
12
13
§106 108
P itts b u r g B re w in g ___50
99 100
P r e f e r r e d .................... 50
32
P i t t s b u r g C oal............. 100
34
tk E x lis t
P r e f e r r e d .................. 100
E x c h lis t P itts P la te G la s s ........100
tk E x lis t P r a t t A W liitn p r e f .. 100
E x c h lis t P r o c te r A G a m b le ___100
19
P r e f e r r e d ...................100
19*2
lis t
R a p T S u b O p er 10 p d 100
lis t
R o y al Bale P o w d p re f .100
§93*2 93% R u b b e r G oods M fg &eeSt
102% 1 0 2 34 R u s s e ll A E r w in ......... 25
S a fe ty C a r H e a t A L t 100
104*2 105
t .......... 36*2 S im m o n s H a rd w com 100
P r e f e r r e d ...................100
t 72
76
B a lt lis t
2d p r e f e r r e d .............100
S in g e r M fg C o.............100
E x c h lis t
S ta n d a rd M illin g Co. 100
P r e f e r r e d .................. 100
5 s .........................................
100 102
S ta n d a rd Oil of N J ..1 0 0
S ta n d a rd R o ta ry M o to r..
100
P r e f e r r e d ..........................
E x c h lis t
osto n list
S ta n d U n d e rg d C able 100
S ta n d a rd C o u p ler comlOO
\ 57
59
E x ch lis t
P r e f e r r e d .................. 100
S to ra g e P o w e r ...............50
14*2 15
56*2 57*2 S w ift A Co.................... 100
90
1 s t 5s 1910-1914___J-J
85
T e n n e s s e e C o p p e r........25
84
87
f 3*4
3% T e x a s A P a c ific C oal. 100
1 st 6s 1 9 0 8 ...............A-O
1 7
8
7
T itle G u a r A T r u s t... 100
634
39
39*4 T itle I n s Oo of N Y ..1 0 0
T r e n to n P o tte r y com 100
P r e f e r r e d .................. 100
39
41
85
T ro w D ire c to ry n e w . .1 0 0
90
U nion c o p p e r .................10
90 100
U n io n S te e l A C h a in . 100
60
70
P r e f e r r e d .................. 100
36
38
U n io n S w itc h A S ig n a l 50
96*2 99
P r e f e r r e d .................... 50
2
6
U n io n T v p e w r c o n i.. 100
53
5S
7
1 st p r e f e r r e d .............100
12
2d p r e f e r r e d .............100
160 185
29*2 U S C a st Iro n P ip e ... 100
P r e f e r r e d ............. ...1 0 0
i oo
U S C o tto n D u c k ........100
260 280
U s E n v e lo p e c o m ... 100
47
50
P r e f e r r e d .................. 100
E x ch lis t
3*2 l* s G lass c o m m o n ... 100
2%
P r e f e r r e d ......... ........100
^ 0*-' ] 1 *2
71 ' 72 G V s R eduet A- R efin in g .
V S S te e l C orn 3s (w li iss)
70
80
V n i\ c is a l T obacco . 100
24
30
125
128 i P r e f e r r e d ......... .....100
N il i cal Iro n A Coke. 10P
145
Os 1049 ..................M S
140 l 45
M osU ugh A ir B rake .00
450 17 5
f 8 34
Oh W h ite K nob M in in g .100
1 10
iW o rth in g P um p prof 100
B id

4s 1929..........................
U n it E le c L t A P o C o ..
F erry C om panies
B rooklyn F e r r y s to c k l
N Y A B 1 s t 6s 1 9 1 1 .J -J
Con 5s 1948 S ee S
M e tro p o lita n F e r r y 5 s ...
N Y & K l i F e r r y s tk . 100
1 s t 5s 1922 ..............M-N
N Y & H o b o k e n s tk . 100
H o b F y 1 s t 5s 1946 M -N
Con 5s 1 9 4 6 ..............J-D
N ow Y o rk A N e w J e rs o y
1 s t 5s 1 9 4 6 ................. J -J
1 0 th & 23d S ts F e r r y 100
1 s t m o rt 5 s 1 9 1 9 ...J-D
U n io n F e r r y sto c k . ..1 0 0
1 s t 5s 1 9 2 0 ............... M-N
R a ilro a d

Con m tg g 5s 1 9 3 0 .J A J
In co m e 5s 1 9 3 0 ...........
D e n v e r & S o u th ’n See

B o n d s S e e S to c k F
N o rA W e s t-P o c a 4 s . 1941
N o rth e rn S e c u ritie s .. 100
P e n n E R c o n v 3 %s (w i).
P itts B e ss & L E ......... 5C
P r e f e r r e d .....................51
S eab’d A ir L in e s to c k Set
B o n d s S ee N Y Stock
I n d u s t r i a l a n d M is c e l
A llia n c e R e a lty ..
A m alg C opper Si
A m A g ric Cliem See
A m B icy cle

S ee N Y S tk

P re fe rre d
P r e f e r r e d .................. ]
A m e r G ra p h o p h o n e ...
P r e f e r r e d ....................
6s See S to ck E x c h
A m e ric a n P a la c e Car.
P r e f e r r e d ..................
A m er P r e s s A sso c ’n .
A m e ric a n S c re w ........
A m e r S h ip b u ild in g ...
P r e f e r r e d ..................
1 s t p r e fe rre d ..............10
2d p re f e r r e d ..............10
A m e ric a n S u r e ty .......... 5
A m e r S tra w b o a rd ___ 10
B o n d s 6 s .....................F-.
A m e r T o bacco c o m ... 5
A m er W oolen See Stoc
A m er W r itin g P a p e r . 10
P r e f e r r e d ................... 10
5s 1 9 1 9 ........................J
A n th ra c ite C o a l......... I t'
B arn ey A Bin c a r ....... 1o
P r e f e r r e d .............. .10
B liss C om pany co m — ;>
P r e f e r r e d ......................5
B o n d A M o rt G u a r ... 10
B r it'h C olum bia C opper 5

B id

21
65
•lit)
100
102
98
s to c k
tit)
86
9*2
65
10
65
0
2*2
28
104*2
E x ch
72
23
*6%
E x eli
1 16 c
30
47
3*4
0a4
7*2
47
2*4
64
99
120
125
77
54
9
45
92h
2
37*2
5
105
106
20*2
74
205
14
E xch
103
I .........
150
150
f 12
219*2
I0 6 ‘
355
120
14
75
8
t 13
1 4 3 3s
I 2%
-

A sk

25
07
455
105
100
E xch
05
93
11
00
20
6 *4
3*2
30
105*2
List
70
2 3 1*
87 *e
list
117
30*2
51
3*2
7
9
50
3
68
101
77%
58
11
50
97*2
3
42*2
10
21
77
209
15
list
104
1
160
12*4
225
112
360
19
8%

43*2
3
100
24
24*2
93
93*2
2434 25
88
89*2
29*2 30*2
85
86
140
33
40
80
114 116
lo t)
t 12*8 12%
132
3 6 34 37*4
9*4 10
S3
34
101 102*2
t 203s 26%
r 45*2 46
24% 25*8
89% 89*2
146
91
365
200 205
125 130
104 106
ockK x list.
t 58
62
139 142
165 170
160 165
160 165
245 260
9
9*2
36
37
83
85
620 625
26
55
240
31
35
120 125
9
8*2
105 106
§101 102
1 10*2 11
90
§106 110
5 7 0 595
165 175
14
16
87
95
74
78
i
3*2
s \
20
33
40
50
t 94*2 95
1107 110
93
95
125
128
125 128
11
11%
42
42%
17
19
35
-*■
*»
o
♦o
S3 *8 . . . . . .
1 16
Stk G \ list
98
98%
20
10
26
40
12
10
60
48
1
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.
28
29
129
128

THE

A p r il 19, 1903.]

821

C H R O N IC L E

d o s t o n , P h ila d e lp h ia an d B a ltim o re S t o c k E x c h a n g e s — A Dailv an d Yearly R e c o r d .
8 k a r « IPrlOM —N o t P e r C e n t u r a P r i c e # .
S a tu r d a y ,
A p r i l 12.

M onday,
A p r i l 14.

T u esd a y,
A p r i l 15.

W ed n esd a y T h u r td a y ,
A p r i l 1 6 . A p r i l 17.

F r id a y ,
A p r i l 18.

S a lts
o f th e
W eek.
S h a res

AC TIV E 8 TO CK Q .
U In d ica tes nnllated.

R a ilr o a d Htoekft.
203 204
203 203* Horton A Albany............. (B oston ).. . . 1 0 0
203 204 •203 264
* 68 % 903* 208* 904
..1 0 0
*
103* 104
104 100
107 107 Horton HJlerated, full paid..
103 105
168 108* 106*
1
1
••. . 1 0 0
•848 850 •848 250 *348 250 *248 250 ♦848 250 *348 a to Horton A Lowell...•«••«.«• ••
..1 0 0
194 195
1
••
198* 104
195 105 Boiton A Maine................ ,«•
194* 190
194* 195
196 19 6
..1 0 0
4
4
........ 109
108 170
108* 170 Ohio. Jnno. AUn.Btook Ydi.
108 168
167* 108* *........109
,.1 0 0
185 185
135 185
Preferred ................. •••*•««
“
185
185
•184 185
79% •79* 70% Choc. Okla. A G. trust oerti. (Phlla.).. .. 50
79* 79* 7 9 * 79* 7 9 * 79* 79* 7fi% ♦79
.. 50
59% •5 9 * 51* Preferred Tr. oertf« ...»•• •
“
59% 59* 09
0 0 % 60% 59* 59* 59* 59* •140* 147
140 147
147 147 Fitchburg, pref................ .(Boston).. . . 1 0 0
147* 147* 147* 147* 147 147*
85* 85* 35% Lehigh Valley.........................(Phila.)|.. .. 50
35
84* 84% 84* 34% 34 * 34* 84% 85
43% 44
4 5 * Massachusetts Hleot. Cos ...(B oston).. , . 1 0 0
41* 48% 4«% 43% 42 * 48* 48
41% 48
..1 0 0
90
97* 97* 97* 97
97* Preferred.... . . . . . . . . . . . . . .
“
97*
97* 97% 97* 97
97*
..1 0 0
89* 30* 20 % 29% 39% 39% Mexican Central,.... . . . . . . . .
“
30
30
80* 81
s o * 80*
50
Northern Central........... .
(Balt.) .,
Old Colony..................
.(Boston)., , . 1 0 0
217 217 •2*15** 21G* 2 1 0 210
217 317
♦816 *
7 5 * 7 5* 7 5 * 75 9-10 7 5 * 75* P en n sylvan ia..................... (Phila,).. .. 50
75*
75% 75
75* 75* 75
.. 50
30 80 16-10 80 18-10 l * Beading Company.......... .
“
88 18-10 90 28* 29 8-10 28* 29
.. 5C
1st preferred................
4
4
41 5-10 41 * 41 * 41* 41 3-10 41% 41* 41* 41% 48
41 5-10
34% 36*
2d preferred........ .
“
.. .. 50
b
84% 34 9-10 8 <% 34% 34 5-10 34*
84 5-10
(Balt.) ,. . . 1 0 0
27* 20% 27* »5% 20% 20* 27% Seaboard Air Line
20
25 * 20
25* 9r;
40
40*
,.1 0 0
40% 48*
40% 47* Preferred
.......• •
4
4
45% 40* 46 * 48*
46
46
(Boston).. . . 1 0 0
101% 103* 1 0 2 * 1 0 2 * 102%108% 103* 104% Union Pacific..............
1 0 1 * 1 0 1 * 102%103
8 7 * 87* 8 7 * 88
88
88 * Preforred
“
•• . . 1 0 0
87% 87% •87* 88
•87% 8 8 *
43* 44
48% 43* 43% 48* Union Traction, 617* paid. (Phlla.),, ,. 50
4S% 44* 48* 43* 43 * 43*
1 0 % 16% 1 0 * 16% 10% 10 * United Ry A Hleo. Oo.. . . . . . (Balt.) .. ,, 50
10 * 16% 10 * 16*
10 * ^ *
90* 90* 90* West Bnd Street.. •••••...•••(B oston).. o• 50
96* 90
90* 9 8 * 9 0 * 90
9 6 * 96* 16
M isc e lla n e o u s S to c k s .
00
0 7 * 0 5 * 0 7 * 06% 07* 04% 05* 6 8% 65% 6 4 * 05 Amalgamated Copper? ...,« (Boston). • . . 1 0 0
• 22 * ........ Amer. Agricul. Chemioal 7..
“
•• . . 1 0 0
22
22 * •2 2* 28* ♦2 2* 23
♦33
23
22
22
..1 0 0
“
83* 83% 83* ♦82% 83* 83% 83* Preferred 7 . . . . . . . . . . . . . . . . .
8 8 * 83* •83* 8 3 * 83
%
%
%
%
•*
*
% American A lkali..•••,•••.... (Phlla.)•• .. 50
**
*
%
%
Preferred, 615 paid . . . . . . .
“
••
131% 181* 131 131% 132 183% 182* 133* 131* 182% American Sugar Refining ?. (Boston). • . . 1 0 0
131* 132
“ ..1 0 0
119 119* 119* 119% 119* 119* 119% 119% 110% 110 % 119% 119% Preferred?.......... ................
179 179 Amer. Telephone A Tel.Co..
.* 100
179* 180
178 ISO
“
181 182* 179 181
182 182
580 580
582 585
580 585
575 580 Calumet & Hecla ...• • • ...• • •
“
..
585 590
590 505
23% 23% 23% 23% 24 Camb. S teel..*.........
23% 23% 33 *
(Phlla.) •• • • 60
2 8 * 23% 3S% 34
19%
19% 20
19* 19* 19 *
Centennial Mining.. . . . . . . . . (Boston).. .. 25
a o * 2 0*
SO*
08* 68* 69* 69 * 71% 7 1 * 72
71* 73* Consolidated G a s . . , « ...e (Balt.) .. , . 1 0 0
08
07* 08
2 2 * 23* Consol. Lake Superior ...«•• (Phila.) .. . . 1 0 0
22
82* 22 % 2 1 * 22
31% 23
»1* 21 *
72* 72
72
73
73% 73* 74* Preferred... . . . . . . . .,o., coo
“
«• ,* 100
72 * 73*
78* 78*
142 142
142* 142* Dominion Coal ....••••.^ •••(B o sto n ).. . . 1 0 0
188 140
145 140
135* 187* 139 144
Brie Telephone...» ..••....•.
“
o. , . 1 0 0
75
70 Lehigh Coal A Navigation... (Phila.) •. .. 50
73
75
71
72 *
71
72
•72* 73*2 ♦78* 73
..1 0 0
3% 3 11-10
“
3 13-16
3 * 3* Marrden Co? . . . . . . . . . . . . . . . .
' 5-10 *5-10 MMII MM
4
4
.» 50
im ti MMte
*% 1 National Asphalt
"%
;%
*
1
1
•1
1*
50
P referred ....,......................
4
4
• •••0' h m ji
MMtl *»♦»»»
90 • ........ 90 New Bng. Cotton Yarn, pref.(Boston), • . . 1 0 0
. . . . . . . 90 . . . . . . . 90 >!!!!!,' *9 6 " «........ eo
149* ICO New Bngland Telephone.,..
148 149% 149% 149* 149 150
..1 0 0
♦ ,,.... 149 ♦ ,...- 149
4
4
21 * 21 *
21
2 1 * Old Dominion Copper7....05
2 1 * 22
21* 21*
21* 21*
4
4 .. .. 25
81* 2 1*
5 11-10 5* 5% 5 11-16 5 8-10 5% 5 * 5 9-lo 5 5-18 5 * 5% 5 9-10 Philadelphia Blec.7 6 * paid (Phila.)..
13
13* Trinity Mining.......•••.•••••(B oston).. .0 25
14% 1 8 * 13* 13% 18* 13
IS *
13* 14% 14
122 183 United Gas Improvement 7.. (Phila.). • , * 50
121 * 121 * 131* 1 2 1* 122 122
121*122
122 122
48^ 48* 4 8 * 48* 40
49* United Shoe Machinery. • • • • (Boston) •, .. 35
4 8 * 48* 48% 48*
48
49
29
$9* 29% 29* 89% 20 * 29% 29* 2 0 * 29* P referred ..,,........
4
4
29
29
.. 35
15* United States Oil,*,••«.,.,••
15*
15% 15* IS
14% 15% 14 * 14*
• o 85
13* IS * 14
4
4
*20
80 W e l s b a c h C o . ( P h i l a . ) ,, c*100
•»•••• M"|l
Westingh. Blectrio A M fg... (Boston) „ on 50
ill* ill* •112 113 111 114 ♦112 113 111*112 %
50
♦118 114 •112 114 •112* 113% 1 1 2 * 118* 1 1 2 113 ♦114 “ iia** Preferred . . » . , * , • • • « « 4
4
a 28 15-16 8 9 1 3 -1 6
*Bid and asked pricer »o tale wai made.
1-16
b 35 5-16 85 11-18
0 28 9-10 29 :

urn*

IN A C T IV E S T O C K S
RAILROADS .—P ric e s
Amer. Railways (Phil) 50
471A Charlotte (Balt) 100
Bos A Maine pf.(Bost)100
Horten A Prov. “ 100
CamdenATren. (Phil) 10
Conn A Passuu. (Bost) 100
Oonn R iver..,, •• 100
Oomol Tr Pitts?(Phil) 50
Pref?........ .
4
4
50
9a South A Fla. (Balt) 100
1st p r e f,,.... 4 100
4
3d p r e f,.,... 4 100
4
CPnnant’n Pass (Phil) 50
Hestonv M A T 4
4
50
P ref................. 4 50
4
lads S treet.,,.. 4 100
4
Little Schuylk. 4
4
50
Maine Central.(Bost) 100
Minehill A S H . (Phil) 50
Nesquehon’g V. 1
4
50
North P e n n .... 4
4
50
Pere Marqu’te.(Bost) 100
Pref.........
4 100
4
Fhll Germ AN.(Phil) 50
Phila. Traction “
50
Rys Co General 4 ....
4
Rutland pref ..(B ost) 100
United N J .......(Phil)100
UnPowA Trans 4
4
25
West Bnd pref.(Bost) 50
West Jer A 8 8.(Phil) 50
W estN Y A P a. 4
4
50
Wls Cent, new.(Bost) 100
P r e f ............ 4 100
4
W orN ashA R . 4 1 0 C
4
MISCBLLANHOUB,
Allouei Mining (Bost) 85
Amer. Cement. (Phil) 10
Am Gold Dredg(Bost) 10
Amer. L A S ... (Phil) 50
AmPneumServ(Bost) 50
P ref.......4
4
5C
A r c a d ia n ,, 4
4
25
Arnold Mining, 4
4
35
Atlantic Mln’g. 4
4
35
Beth S te e l.......(Phil) 50
Boston Hleo Lt.( Bost) 100
Cambria Iron..(Phil) 50
Canton C o......(B alt) 100
Oentral O il.,,.,(B est) 25
ConMercur gold 4
4
6
Cop. Range, con. 4 ,,,,
4
Dumb Tel A Tel 4 xoO
1
Daly-West Min 4
4
20
Dan v Bessemer (Phil) 1 *
DeLong H < H “ 10
fo
Dlam State S t.. 4 10
4
Pref. . . . . . . . . .
1 .,
4
Domln Coal pf. (Bost) 100
D am Iron < B.tf 4 ....
fe
4
Barton Con RL (Phil) 60
Bdlaon Kl IJU|..(Boat) 100
JBeeCoof AmTf (Phil)
Pranklla Mln'f.(Bost)
General JEleet..
100
F ret
100
3-8.
G-B-S. Brewlng(BaJt) ....
lad
fl-BgrpOom (Bost) 100
1 s tt But H A H k " 10
Int 8P<foDynam(Plill) 60
IsJy Royalelf..(Bost) 26
Mergenthaler .. 4 100
4

B id. A sh.
A p r i l 18.
44*

105
170
805
5*
285
48
ICO
80
144
48
73

0
165
52
105
83
147

501*
174
64* i.. • • i
MIMI
••••••
73 *
88 * 85
08

......

120* 121

283

46
115 110*8
......
152%
8*
0% ......
4
8
5% C
%
7%
83
3? *
4
8
8%
38

30*

47
47*
95
98
0% 8
1*
1%
69% 00
123 125
40
46*
%
%
1*
4*
110
118
70
70%
**,,*»
271 375*
7%
12
12*2
825* 827*
18*
1*

1 8*
>*
2%

S T O C K S — O N D S Bid. Ask.
’B
MISCHLL.—Concluded.
m
Mex Telephone (Bost) 10
2*
11
u%
MtVerCotDuck(Balt) ....
a
NewBngGs&C 7 (Boat), • •.
New Hay IA S.(Phil) 5
5% 0 %
4
3*
Old Col Mining. (Bost) 25
03
Osceola Mining. 4
4
25
Palmetto Co.. . . (Phil) 25
%
Parrott SilACop (Bost) 10 26X 38
Penn Elec Teh. (Phil) 50
2% *66. • t
Pref........ , . . . 4
4
50
Pennsyl S a lt... 4
4
50 1 1 0
. •, • ##.,««
Pennayl S teel.. 4 , t
4
P r e f ................. 4 100 89* !|C1»
4
Phila Co ......* 4
1
50 49 . ec««•
5
PlantersComp? (Bost) 100
5%
Quincy Mining. 4
4
25 122 126
Rhode Isl Min.. 4
4
25
m
Santa Ysabel G 4
4
5 •25 •80
78
77
Seattle Blectrio 4 100
4
P r e f...,,, . . . . 4 100 106 106*
4
2%
Susque I A S ? .. (Phil) 5
Tamarack Min.(Bost) 25 175 180*
Tidewater S t... (Phil) 10
6 % 9*
27
Torringfcon4A” (Bost) 25
4
29
28
Pref...... .
4
4
25
1% 8
U nC opL A M ’g 4
4
25
UnHILAPowpf (Balt) 50 41* 4 i *
United Fruit (Bost).. 100 101 105
U S M in in g ..,, 4
4
25 21 % 2 1*
Utah Mining., 4 4*85 22% 83*
4
Warwick I A S . (Phil) 10
4%
Westm rel Coal 4
4
50
31
WesLTel. A T. .(Bost)100 30
Pref ,••••« .... 4 100 103 105
4
Winona Mining 4
4 35
1% 2
54*
Wolverine Min. 4
4
35 53
B o n d s - B o it o n .
99%
Am Beil Tel 4s..1903 JAJ l 99
A TAB F gen g 4s. ’95 AAO |l0 8 *
«»«*»
Adjustment g 4 s .,1995 S 94
Boston Term’l 3%»..1947 I ll5 118
BosUn Gas 1st 5s.’39 JAJ \ 85% 86*
03
2d M 5s.......... 1939 JAJ I 03
BurA Mo Rlv ex’pt 0s. JAJ ^120
Non-exempt 0 s.’18 JAJ i ........
Sink fund 4s. .1910 JAJ 5 .... o
90
Cent Vt 1st 4s 1920..Q-F | 69
Oh Bur A Q 4s. 1922 FAA §101
. >«««•«
Iowa Dlv 4 s.1919 AAO 3
Chloago Juno 5s. 1815 J AJ §108 110
Ch ANo M gu5u.’3lMAN §109%
Chi A W M gen 5s.’21 J AD §109%
Curr’t Rlv 1st 5s.’27 AAO §105 107
D G R A W 1st 4b„ 40 AAO §100 101
*
Domln CoaJ lst0s.’13MA8 §110
'Sast’n is t M 0s g.’O0 MA8 §110 112 *
F t HlkAM V lot 6*’33 end §137
UnsVp’d lst0 » .’83AAO §185
Illin Steel oonv 5s.’10 J AJ $}0 1 %
Debenture 5 b. 1018 AAO §101*
K C CA S 1st 5s g.*25 AAO §105 106%
K 0 Ft SAG 1st 7s.’08 J AD §114
KCF SAMoon 0s.’28M AN §125 120
99
K C M A B 1st 4s..*34 MAS § 98
96
05
Income 5 s ..,,,......... .
112
§110
J CAM RyAB 5s.’29 AAO
K
K O St Jo AC B 7a.*07 JAJ §114*
L Rook&F S lst7*.’05 JAJ §105
MarH AOnt0a...’25 AAO 1118
Mex Cent 4s g. .1911 JAJ i 88 * 84
85
1stoon Inc 3s gnon-com 84
24
2d oon Jno 3s non-num.. 23

a*

Bid.
BONDS
35oeton—
Concluded.
NewBng congen5s’45JAJ
N B CotYam 5s 1928FAA §103
N B Gas A C is t 5s.. 1987 i 53
New Bng Tele 5s.’10 AAO
AAO
0....................
N YAN Bng 1st 7s.’05 JAJ §100
1st mort0s„ ..1905 JAJ §100
Rutland 1st 6 s. , ’02 MAN §101
Rut-Can 1st 4s 1949. JAJ 1102
Seat Blec 1st 5sl930FAA u o a
Torrington 1st 5s 1918.. i > • • •«
•
West Bnd St 5s. .’02 MAN §<•••••
...................... ..
MAS $•■••••
Deb 4 s .0„ . , , 1916 MAN 5. . 0...
B o n d s - B a lt lm o r s ,
Anacostia A Pot .••••••5s 95
Atl A Ch 1st 7S.1907 JAJ 115
Atl Coast L ctfs 5a ,. JAD 117
BaltCPaalst 5a,1911MAN 108
Balt Fundg 5s.l910 MAN 1 2 0
Exchange 3*s. 1930JAJ n o *
Funding, 8%s, 1953JAJ 113%
BaitAPlst0sml 1011 AAO
1st 6 s tunnel 1911..JAJ
Bal Trac 1st 5s.l929MAN 118
No BaltDiy 5s.l942JAD 121
Convertible 5sl806MAN 103
Central Ry 6 s... 1912 JAJ
Consol 5 s .,.,1932 MAN 118
B it A Imp 5S.1932MAS 117
Char City Ry 1st 5s ’23JAJ 105
Chat* Ry G A B15s ’99 MAS 80
CharlCAA ext5s.l909JAJ 1 2 0
2d 7s 1910 ........A A O
CltyASub 1st 50.1922JAD 1 1 0
City ASub (Wash) lst5»’48 94
Col AGmvlst5-0.1917 JAJ 123
Consol Gas 6 s. .1910 JAD 114*
5s....... ,.,.,* ,1 9 3 9 JAD 115*
Ga AAlalstpf5sl945AAO
GaCarANlstSs g. 1920JAJ 113
Georgia? 1st5-8 s 1922JAJ 128
GaSoAFla 1st 5S.1945JAJ 115
G-B-S Brewing 3-4s 1951. 53*
Income. •••.•••••,,,••••,
* -m
KnoxvTrao lst5s ’28AAO 98
Lake R B1 lstgu5s’42MAS 118
Met8 t( Wash) 1st 5s’25FA 117
MtVernonCotDuck 1st 5s 79*
40
Income...... .
New Orl Gas 1st 5*...Var
NewpNAOPlstBs’SSMAN 1 0 2*
Norfolk St 1st 5s ’44. JAJ 1 1 1
NorthCent 4%s.l925AAO 115
0s 1904.................JA J 1 0 0*
Series A 5s 1920.,..JAJ 1 2 1
Series B 5s 1920....JAJ 1 2 1
Pitt Un Trao 5s. 1997 JAJ 115
PotomVal 1st 5S.1941JAJ 118*
SeoAyTn(Pltts)5s’34JAD 117
8 av Fla A West 5o *84AAO 115
Seaboard A L 4s 1950.*,* 84k
Seab A Roan Cs.1920 JAJ 116
So.Bound lst5s*41.AAO 112
UnBlLAPlst4*s,30MAN
Un Ry A Hi 1st 4s’49.MAB 95
Income is 1040....JAD 71%
VlrgMld 1st 0S.19O6 MAS 107
3d series 0s., 1911 MAH 115
3d series 0 s ..1010 MAS 121
4th ser 3-4-5s.l021MAS 110
5th series 5s. 1920 MAS 115

A sk

R a n g e o f S a i t s in 1902
L o w e s t.

270 20l * Jan.
820 101* Feb.
211 Jan.
740 191 Jan.
880 152 Feb.
88 80 Jan.
1
C O 70 Jan.
O
489 58 Jan.
68 142 Jan.
12,170 HI Mar.
35,822 38 Jan,
1,424 02 Jan.
1,820 20 Jan.
104 Jan.
02 210 Jan.
8,880 78* Jan.
105,837 26* Mar.
3,441 40 Mar.
48,ICO 30 Jan.
21,970 28* Jan.
10,735 44 Apr.
8 ,0 0 0 98* Feb.
855 80% Mar.
11,214 82 Jan.
8,074 14% Jan,
508 94 Jan.

H ig h e s t

2 260 Mar. 7
21 178* Mar. 14
% 248 Apr. 8
a 107 Apr. 10
20 172 Mar. 26
8 186 Mar. 20
10 8 8 * Apr. 2
10 00* Apr. 10
24 148 Mar. 11
u0 38* Jan. 2
30 45* Apr. 18
2 b 08 Apr. 4
15 31 Mar. 81
7 110* Apr. 1
2 217 Apr. 14
14 7 0 * Mar. 10
11 81* Apr. 18
0 42% Feb. 10
14 85 ll-1 0 A p l8
24 27* Apr. 15
2 50% Jan. 2
28 104% Apr. 18
11 90* Jan. 2
0 44* Apr. 8
27 17 Mar. 15
2 90% Mar. 18

17,502 01% Mar. 25 79 Feb. 1
406 21 Jan. 16 24% Feb. 19
809 81* Jan.
88 Mar. 15
550
* Feb. 3
* Jan. 4
8,201
1,842
5,557
154
3,714
1,880
2,493
12,591
5,305
2,875

i l 0 * Jan.
115 Jan.
155 Mar.
500 Jan.
23% Mar.
11 Jan.
6 2 * Jan.
2 1 * Mar.
0 6 * Jan.
54 Jan.
1 4 * Jan.
2,280 71 Apr.
545
2% Feb.
2C
* Jan.
120
% Apr.
89 Jan,
0 1 0 185 Jan.
1,835 18* Mar.
0,374
8% Jan.
5,988 11% Feb.
2,483 115 Jan.
1,810 46 Jan.
1,630 29 Jan.
8,510 11 Jan.
24 Jan.
S08 8 0 * Jan.
80 8 8 Jan.

0
4
1
14
0
14
28
20
3
2
2
15
3
29
2
15
2

18
27
19
15
2
2
0
81
11
39

i35% Mar. 81
120 Apr. 20
185% Apr. 4
050 Feb. 1
20 Jan. 7
28 Mar. 10
7 2 * Apr. 18
3 4* Mar. 4
75 Mar. 4
140 Apr. 15
31 Jan. 38
78% Jan. 2
4% Jan. 2
11-10 Feb. 7
2 Mar. 24
90 Jan. 2
150 Apr. 17
25 Feb. 1
5% Apr. 10
18* Mar. 8
120 Feb. 8
4 9 * Mar. 20
2 9 * Apr. 17
15% Apr. 14
30 Jan. 9
115* Apr. 9
117 Apr. 9

BONDS
B alsim or© —Conclu’d,

104
54

100%

108*
102

97
U 5*
135
110
122
115
190
183
104
120
119
108
90
•.. %
t
118
05
184
115*
116*
118*
130
115%
54
47*
100
79*
40%
105
112
• .... ■
.... i
118*
<««.,>
84*
116
113%
854
96*
71*

Bid. A ik .
90
95
95
90
130
J15* 115*
123
121
31*
114>c 115
98
1 0 0 »103..

Cambria Iron 6 s. 1917 JAJ
ChesAD C anlst5s.’16 JA-T «0, f »•
t
ChocAMemlst50l949JAJ 118% 119%
ChocOkAGgen 5s410JAJ 118 113%
Cit,s,StRy(Ind)con 5s,’33 109* »o. *t;x
9o
Colum St Ry Istco n S s.’S^ . - - -. , eaC
Con Trac of N J 1st 5s.65
8 1 1 0 % ««**&
«
Del A B Bk 1st 7fl.5 F&A
05
BastAA 1st M 5s.’20 MAN 1 1 0
Edison Blec 5s stk tr ctfs
BlecA Peop’s Tr stk tr ctf e 98% 8 8 *
BlmAWilm 1st 0s.’10 JAJ . . . . i
Income 5s... .2862 AAO
BqlU G as-L 1st g 5c.1923 108% 1 . 0 i
Hestonv M A F con 5s.’24
HA B Top con 5s.*25 A & i o i
G
87
Indianapolis Ry 4s.. 1983 8 6
Lehigh Nav 4%a . . ’14 Q-J
RR 4a g o . .,.,,1 9 1 4 Q-F •«.««>
Gen M 4% sg.. 1924 Q-F
Leh V C’l 1st 5sg.’33JAJ 109% i i o
Leh Val ext 4s. .1948 JAD 118 132
3d 7 s ...0. , , . . 1910 MAS 125^ 1»6 %
Consol 6 s ..,••1923 JAD 133
Annuity 6a ... . . . . . . JAD 140 •190.1
10
N at Asphalt 5s.l051.JA J
New’k Con Gas 5s ’48 J AI> 1 0 0^ • . . . .«
Newark Pass con 5s. 1930 118%
NYPhilANorlst4s ’89JAJ 1 0 2 104
Income 4 s... 1939 MAN
No Penn lo t 4s..’30 MAN 1 1 0
GenM 7b.....,1 9 0 3 JAJ 104 104%
Penn gen 6 s r...l9 1 0 Var 1 2 1
C o n so l0 sc.,,, 1905 Var 107*
Consol 5s r.*..1919 Var
Penn A Md Steel con 6 s
P a A N Y Can 7s..’O0 JAD *.... i *.MM
Cons 5 « .,,,,,1 9 8 9 AAO
Cono 4s........ 1939 AAO
Penn Steel lst5 s.’17 MAN
***M
People’s T r tr cert* 4s.’43 1 0 0 % 107
Phila Hleo gold tru st ctfs 97% f 1090»
04* »' ft
T rust oertfg 4s..
PhABr gen M 5g.’20 AAO 1 2 0 12 1
Gen M 4s g .. 1930 AAO 108 1 0 0
Ph A Read 2d Gs.*33 AAO 133 135
Consol M 7s.. 1911 JAD 123 129%
Oon M 0s g ... 1911 JAD 1 2 0
B rtI mp M 4sg.’47 AAO 109
Con M of ’82 4s.’37 JAJ i «8 • , oo*•
Terminal 5s g.1941 Q-J 1 »6 %
P Wll A Balt 4s. 1917 AAO
C oliattrust 4e.l921 JAJ 108*
99*
Read Co gen 4s, 1997 JAJ w9
Rochester Ryoon 5s. 1030 103
SohRBSidelst5e g’35JAI> 113% 114*
Scran Trac 1st 0s732MAN
UnTraoPitts gen5s’97JAJ 116 117
04*
Welsbaoh s i 5s 1930. JAD 04
lAnd interest.
♦Price Inoludeo overdue ooupo ns.

THB

622

C H R O N IC L E .

[Vol. LXXIV.

lu o e s tm e u t a n d R a ilr o a d % n U U x^ m t^
RAILROAD

EARNINGS.

tOllG•w in g t a b l e s h o w

the gross e a r n in g s of e v e ry S team ra ilro a d fro m w h ic h r e g u la r w e ek ly or m o n th ly r e tu r n s
btiili ted. T h e f i r s t tv > c o l u m n s o f f i g u r e s g i v e t h e g r o s s e a r n i n g s f o r t h e l a t e s t w e e k c r m o n t h , a n d t h e l a s t t w o
th e 1 a r n in g s fo r th e [ m o d f r o m J u l y I to a n d in c lu d in g s u c h la te s t w eek or m o n th .
e
r e tu t 'u s o f t h e s t r e e t r o itvays are brought together separately on a subsequent page.
U ‘t3 ( l i u i ) « c —O u r y e a r l y t o t a l s n o w a l l d a t e f r o m J u l y I.
Oross L a n ii n y s

HOADS
or M onth

Cur-rent
Year

Previous
Year

Ju ly 1 to L atest Pate
Current
Year

Previous
Year

Latest Gross L a rm n y s

ROADS

Week
or M onth

(hi rrent
Year

*
$
$
$
A d iro n d a c k ......... F e b ru a ry .
16,180
141,710
131,456 t M exican C en tral 2d w k A pr. 385,394
14,931
4th wk Mai
41,536
37,836 1,876,284 1,678,575 M exican in te r n ’] F e b ru a ry
A la G t S o u th e rn .
487,672
A la N 0 A ie.Ka> Pao J unc.
lM exican N a t’l.. 2 d wk Apr. 153,962
M a rc h .__
1,487,883 IM exican R y ....... Wit M a r 22
171,339 168,823 1,513,605
N O A N 0 E a s t.
93,300
83,943
82,479
794,689
A la A V ickab’g M arch.......
720,229 M exican S o u th ’u 3d wk M ar.
22,714
M arch.
Vlckhb Sh A F .
93,256
81,236
812,684
703,027 M ilieu A So* w’n. F e b ru a ry ..
3,011
l h c . 11 LOd 1
Adit Leny Valley F e b ru a ry .
42,608
M ineral R a n g e .. F e b ru a ry
34,379 1,496,647 1,385,273 M inneap A S tL . 2d w k A p r
...........|2d w k A pr.
d4,016
A uu Ar
62,056
55,388
1,025
5,621
A m i W ash A B al. F e b ru a iy
40,337 M S t P A S S t M. l s t w k Apl 109,141
F e b ru a ry . 1,377,497 4,142,989 40,031,906 35,506,442 Mo K an A T exas 2d w k A pr. 267,08 i
Atoll Top A S Fe.
A tla o ta A i l i a r . . J a n u a r y ..
249,705 253.119 1,752,730 1,720,842 Mo Pao A Iro n Mi 2d w k A pr. 609,000
38,300 • 466,364
51,010
A tl K noxv A No. M a rc h ___
359,069
17,000
C en tral B ranch 2 d w k Apr.
8,466
56,307
12,527
A tla n tic < B u m M a rc h .......
fc
98,449
626,000
T o ta l...............
A tl C o ast L in e ... J a n u a r y ... 694,646 692,783 4,464,031 4,328,799 Mob J a c k A R C . 2d wk A pr.
3,414
20,085
23,494
173,308 Mobile A Ohio..* M arch. _
A tl V ald A W est. M a rc h ___
205,587
553,100
60,673 M ont A Mex G ull D ecem ber
71,019
6,008
7,130
B a lt A A n n S L .. F e b ru a ry ..
136,692
B a it A O hio___ M a rc h ....... 4,123,667 4,133,517 38,002,575 35,204,452 ■ N ash Ch A S t L a. M arch....... 671,662
B A G Southw
8,431
N ev-C ai-O regon M arch.......
B a n g o r A A roosl F e b r u a r y . 139,072 113,144 1,094,661
943,929 N evada C e n tr a l.. F eb ru ary .
2,700
B a th A IIam in o n F e b ru a ry .
26,544
1,701
1,868
31,386 N Y O & H u d Riv M a rc h ___ 5,483,620
12,331
11,111
B e lla Z anes A Cin F e b ru a ry .
N Y O ut A W est. F e b ru a ry . 333,855
3,698
B elief o n te O ent’i M a rc h .......
30,763 N Y Susq A West F e b ru a ry
42,726
4,615
181,697
2,506
29,099
3,170
27,369 N orfolk A W est’!) 2d w k A pr. 371,926
B rid g t A Saco R. F e b r u a r y .
1,202
16,670
961
17,674 N orthern C entra) F e b r u a r y . 601,479
B u d A ttic a A A rc F e b r u a r y .
Buff K och & eiitb 2d w k A pr.
48,584 114,184 4,800,940 4,517,918 N o rth ’n Pacific.. ) s t w k A pr 659,209
49,745
475,155 Pacific C o ast Co. F e b ru a ry . 314,418
563,647
60,826
B uffalo A S u s q ... F e b ru a ry .
B u rl C R a p A No M a rc h ....... 438,209 386,452 4,162,981 3,811,058 P e n n —E a s tP A E . F e b ru a ry 7,045,034
C a n a d a A tla n tic F e b ru a ry .. 123,195 106,871 1,187,097 1,172,246
I n c . 31
W est P A E __ F e b ru a ry
C a n a d ia n Pacific 2& w k A p r. 704,000 611,000 29.235,382 24,075,867 Pere M a rq u e tte .. 1 s t w kA pr
171,140
1 0 ,0 2 0
33,735 P h lla A E r ie ....... F e b r u a r y . 418,085
118,3 L7
4,290
C an e B e l t ........... F e b ru a ry .
C e n t’l ol G eorgia 1 s t w k A pt 113,880 112,320 6,217,286 5,637,180 P h ila W ilrn & B .. F e b ru a ry
812,716
49,215
C e n t’i N ew E n g . . F e b ru a ry
481,625 P ine Bit. A A rk. R. F e b r u a r y .
401,459
37,218
2 547
C en t’i of N Je rse y F e b ru a ry 1,217,279 1,164,482
P ittsb C C A S t L F e b ru a ry . 1,566,123
C e n tra l P a c ific .. D ecem ber, L,509,196 1,458,655 10,909,231 10,335,116 P ittsb A W est’n. J a n u a r y ... 168,312
72.721
1,34
C h a t ta n S o u th ’n . l s t w k A p r
74,914
2,156
P itts b Cl A Tol J a n u a r y ... 116,803
C hesap A O h io ... 2 d w k A pr. 339,773 270,584 13,121,815 12,116,898
21,598
P ittsb P a A F . . J a n u a r y ...
C hic «& A lto n R y. F e b ru a ry . 691,757 666,627 6,375,183 6,154,050
326,491
T o ta l s y s te m ... M arch ----C hic B u rl A Quin F e b r u a r y . 3,758,139 3,614,687 36,452,743 33,814,765 P la n t S y stem — )
96,200 4,985,225 4,532,785
C hic A E Illin o is. 2 d w k A pr. 105,50o
A la M idland. 1
C hic G t W estern . 2d w k A pr. 124,642 135,017 6,060,089 5,508,843
B ru n s A W’n. [ F e b ru a ry .. 780,077
C hic I n d A L ’v . . . l s t w k A p r
80,347 3.452,739 3,116,579
86,086
C kas A S a v ...
Chic M ilw A S t P F e b ru a ry _ 3,091,541 3,093,905 31,076,731 28,805,729
Sav F la A W.
Chic A N o rth W 'n F e b r u a r y . 3,287,942 3,104,737 31,524,469 28,738,018
S ilS Oo A G .. .
Chic P eo A S t L .. M a r c h .. . .
112,833 111,940 1,075,976 1,043,196 R eading Co.—
C hic R I A P a o ... F e b r u a r y . 2,283,156 1,941,881 20,796,425 18,443,845
P h il A R e a d .... F e b r u a r y . 2,174,107
C hic S t P M & O . F e b r u a r y . 816,870 755,183 8,145,136 7,368,857
Coal A I r C o _ F e b r u a r y . 2,193,320
_
Chic T erm T r RR 2d w k A pr.
31,767
28,988 1,265,141 1,104,548
T o t b o th Co’s .. F e b r u a r y . 4,367,427
Choc O kl A G u lp tth w k Mar
4,054,742 2,877,751 Rich F r’ksb A P . J a n u a r y ...
89,707
96,481
75,378
C in N O A T P a c . l s t w k A pr 100,537
53,093
89,245 4,222,373 3,815,203 Rio G ran d e J e t . . N ovem ber
Cl C in C h A S t L. l s t w k A p r 316,182 313,236 14,439,520 13,600,920 Rio G ran d e S o ... 2d w k A p r.
9,318
ls tw k A pr
46,660
P e o ria A E a s t’n
45,739 1,948,879 1,888,704 Rio Gr*de W e s t.. F e b ru a ry .. 362,199
J a n u a r y ... 194,003 143,593 1,542,222 1,162,839 R u tla n d ................ D ecem ber. 154,460
Clev L o r & Wheel
C olorado A South l s t w k A p r 102,575
89,775 4,224,190 3,659,467 S t J o s A G r I ....... M a rc h ___
107,851
118,833
15,680
C o lN e w b A L a u . F e b ru a ry
2 1 ,0 0 0
119,926 S t L K en ’e t A So. M a rc h ._
16,840
_
918,624
19,484
Col S an d A H ock l s t w k A p r
14,446
7 8 2 ,294 S t L A N A r k ....... F eb ru ary ..
14,610
7,074
78,941
67,139 S t L A S an F ra n g IstjW k A p r 367,498
9,375
C o rn w a ll............. F e b r u a r y .
20,589
229,729
20.682
C o rn w a ll A Leb_. F e b ru a ry ..
166,826 S t L S o u th w e s t.. l s t w k A p r 113,238
181,570
76,721
741,232 S t L V an A T H .. M arch.......
801,645
C u m b e rl'd Valley F e b r u a r y .
75,256
D e n v e r A R io Gr 2 d w k A p r. 201,300 193,800 9,240,530 9,032,454 San A n t A A P . .. F e b ru a ry _ 161,832
37,752
D e tro it S o u th ern . 4th w k j an
76,559
753,416
36,479
697,226 San F r a n A N P .. M arch.......
546,932
D e t A M ack in ac. F e b r u a r y .
533,792 S an P ed ro Los A n
77,148
72,486
4 8,464
19,532
D ul So 8 h A A tl.. l s t w k A p r
51,563 2,017,258 1,890.322
geles A S a lt L. F e b ru a ry .
11 222
10,194
110,088
E S t L A C a ro n d . F e b ru a ry ..
98,797 Sav F la A W e st.. F e b r u a r y . /7 8 0 ,0 7 7
E r i e ....................... F e b r u a r y . 2,752,396 2,737^ 102 7,373,430 25,260,934 S eaboard A ir L .. l s t w k A pr 263.877
30,016
260,902 So C A G a E x t . . . M arch___
268,718
5,874
E v a n s v A In d ia n 2d w k A pr.
5,613
27,634
4,573
27,315 1,165,204 1,141,810 So H a v e n A# a s t. M arch .......
E v a n s v A T f l . . . 2d w k A pr.
E
48,285
3,180
2,974
F ’ro h ild A N ’r ’e’n F e b r u a r y .
S o u th ern l a d ___ M arch.......
3,452
22.283
46,142
F a rm v A P o w h a t F eb ru ary ..
40,983 So M iss A A rk . . . D ecem ber.
3,843
F t W A D en v City F e b r u a r y . 156,393 157,151 1,501,629 1,427,165 So Pacific Co 6 . . . F e b r u a r y . 6,081,412
169,608 168,462 1,373,133 1,286,912
G eo rg ia R R ......... F e b ru a ry
Cent P a c itic ___ D ecem ber. 1,509,196
94,884
949,646
920,123
G a S o u th A F la .. M arch .......
95,867
G al H a r A S A . D ecem ber. 610,035
40,410
26,743
G ila V a lG A N .. F e b r u a r y .
251,349
243,155
29,743
G al H ous A No D ecem ber.
12,355
G r T ru n k System l s t w k A p r 546,709 531,124 22,660,763 21,700,954
G uItW . T. A P . D ecem ber
94,110
G r T r A W est’ll 4 th w k M ar 109,351
148,689 3,235,411 3,169,961
H ous. E. A W.T. D ecem ber.
25,065
29,973
D e t G r H A M .. 4 th w k M ar
878,217
806,298
30,455
H ous. A S h rev . D ecem ber.
505,245
G re a t N o rth ’l l —
H ous A Tex Cen D ecem ber
S t P M in n A M . M arch .___ 2,315,517 1,953,012 22,909,609 17,297,770
L ouis’a W e s t... D ecem ber. 167,605
252,096 200,064 3,838,377 2,849,270
E a s t’n o l M inn. M arch.......
M organ’s L A T D ecem oer. 904,070
35,195
M o n ta n a C e n t’i M a r c h ..... 154,565 202,272 1,292,622 1,637,033
N Y T A M ex .. D ecem ber
T o ta l sy s te m . M a rc h .___ 2,722,178 2,355,348 28,040.608 21,784.073
T e x A N O r L ... D ecem ber. 252,466
789,595
121,856
G u lf A S h ip lsla n d J a n u a r y ..
536,017
90,909
So P a c of Cal .. Decern oer. 2,025,407
H o ck in g Va lle y .. 2 d w k A p r.
99,275
74,764 4,005,872 3,656,080
So P a c of A rlz. D ecem ber. 435,694
221,674
H o us A T ex C ent D ecem ber. 505,245 598,924 2,932,017 3,119,213
So P a c of N M . D ecem ber
Illin o is C e n tr a l.. M arch ....... 3,391,088 3,226,434 30,634,578 27,862,962 S o u th ern R ailw ’y 1 st w k A pr 709,332
142,121
Illin o is S o u th e rn M a r c h _
102,224
10.957
_
86,329 T e rre H A In d ... M arch —
9,793
37,905
I n d III A I o w a ... D ecem b er
622,3521 T e rre H A P e o r.. M a rc h .......
848,765
138,227 113,612
9,933
I n t A G t N o rth ’ll l s t w k A p r
81,232 3,847,709 3,946,864 T ex as C e n t r a l . . . 4 t bw k M ar
80,475
In te r o c (H e x )___ Wk M ar 22
87,700 2,941,090 2,983,330 T ex as A P acific.. 2d w k A pr. 188,988
87,300
13,500
Io w a C e n tr a l.. 2d w k A pr.
43,450
38,890 1,982,833 1,823,285 T e x S V A N W .. M a rc h ......
49,155
I r o n R a ilw a y .. M a rc h .......
43,131 Tol A Ohio C e n t. 1 s t w k A p r
61,322
6,011
7,949
15,418
K a n a w h a A Mich 1st w k A p r
846,012
20,312
16,128
701,167 Tol P A W est . . . . l s t w k A pr
47,146
K a n C ity S o u th ’ll F e b r u a r y . 442,840 407,415 3,586,65^ 3,117,338 Tol S t L A W.
2 d w k A p r.
9,045
L eh ig h A H udson F e b ru a ry .
297,341 T or H a m A B uff. l s t w k A pr
248,912
25,651
33,873
L e h ig h V a l R R .. F e b ru a ry . 1,855,25 1,932,929
(Jnion P a c R R . 1
L eh V al C oal Co. F e b r u a r y . 2,000,148 1,756,863
O reg RR A N > F e b ru a ry 3,325,156
L e x in g A E a s t’n . F e b ru a ry ..
O reg Sh L in e. >
262,401
25,284
230,860
3 0 .5 2 .
L o n g Is la n d .
W a b a s h ................ 2d wk A pr. 348,630
F e b ru a ry
I n c . 10 ,799
In c . 13 8,508
L o u H e n a S t L .. J a n u a r y ...
392,239 W Je rs e y A S ea’e F e b r u a r y . 170,344
412,930
55,229
53,143
M a rc h ....... 266,837
L o u isv a N ash v l s t w k A p r 555,295 520,545 23,437,427 21.641,178 W heel A L E ..
4.560
M acon A B ir m ... M arch.
F e b ru a ry .
8,184
95,631
9,682
86.754 W ichita Valley
8,198
M an ’te e A G r.R d s F e b r u a r y .
11,053
Win’sp o rt A N .Br. F e b r u a r y .
10,106
M ania A No E a s t J a n u a r y ..
W isconsin C e n t.. 2d w k A pr. 114,500
39,170
33,539
M arch.
14,116
M a n is tiq u e ..
3.407
64,601 W rightsv A T ’n .. D ecem ber.
50,249
10,705
M a r y 1an d A P e n n F e b r u a r y .
15,340
174,610
15,36
159,719 Yazoo A M iss V M a rc h ....... 563,196

Previous
Year

Ju ly l to Latest Date
Current
Year

Previous
Year

$
*
315,979 14,274,274 13,223,263
470,927 4,066,123 3,069,488
152,971 6,137,804 5,977,027
87,200 3,280,300 3,144,700
622,809
570,980
19,088
3,843
395,092
389,299
39,289
53,120 2,754,277 2.572,607
95,7 i 1 4,693,713 3,354,421
261,770 13,134,077 12,290,384
579,000 28,082,101 26,362,189
19,000
977,7 0 0 1 1,052,593
598,000 29.748.729 27,381,932
127,832
109,957
2,951
502,500 4,740,800 4,709,876
709,360
739,902
137,370
662,207 5,914,171 5,849,598
109,320
9,119
111,735
22,016
2,476
26,081
5,329,556 53.248.729 49,467,127
385,041 3,892,577 3.419,143
232,708 1,892,620 1,658,512
279,294 13,615,568 12,746,978
581*,779 5 ,6 0 6 ,46 9 5,311,769
617,960 32,628,408 25,975,317
327,525 3,401,345 3,483,126
6,636,63 1 63,437,306 58,857,406
In c. 5,3 57,000 •
3,000
161,291 7,341,926 6,547,889
400,841 4,688.709 4,032,363
819,316 7,820,094 7,038,394
20,372
2,788
25,063
1,469,285 14,376,972 12,754,946
173,057 1,447,104 1,293,307
714,049
916,653
101,293
296,285
260,542
24,654
367,798 3,210,005 2,910,210
782,827

5,550,936

5,333,665

2,040.166
2,337,611
4,377,777
87,292
52,229
8,753
292,146
159,065
111,546
11,245
5,889
329, S77
133,064
169,634
178,864
74,449

20,076,221
20,156,618
40,232,839
616,095
275,160
453,464
3,616,55
1,132,818
1,037,067
137,709
156,235
16,793,565
5,757,322
1,590,488
1,745,626
837,802

18,507,584
19,086,361
37,593,945
567,251
274,422
435,647
3,190,885
1,002,640
1,044,617
104,612
61,444
14,800,069
5,918,842
1,491,150
1,878,927
767,010

13,139

f 7 S 2,827 f 5,550,930 / 5,333,665

255,741
32,642
3,305
35,738
15,783
5,735,447
1,458,655
611,377
47,373
12,373
94,322
23,633
598,924
153,891
819,675
26,694
250,090
1,550,506
421,604
223,798
655,918
129,688
47,456
13,881
211,153
12,900
37,629
18,38o
47,489
7,436

8,788,556 8,408,639
2 2 4 ,054
211,630
5 7 ,500
54,748
297,738
452,965
104.39S
121,259
56,908,466 50,735,037
10,909,231 10,355,116
3,722,766 3,359,268
496,388
121,603
2,932,017
950,398
4,546,008
203,360
1,491,811
11,128,609
2,266,477
1,286,612
29,127,789
1,272,230
4 1 7 ,8S7
481,907
9,356,615
125,200
2,183,965
882,215
2,033,347
373,8001

438,689
98,461
3,1 1 9 ,2 1 3
814,843
4,098,957
146,501
1.294,473
9,334,645
1.926.07S
1,032,659
>7,899,928
1,198,581
420,362
546,203
9,138,232
109,400
1,919,212
903,155
1,891,628
301,933

29,631,741
2, SS 0,683 3 2 ,712.4501
314,460
181,744
237,805
3,940
8,331
99,890
15,828
506,000

15,229,578 13,986,543
2,552,860 2, 156,160
2,5-10,774 1 2,23 7,889
89,778
74,895
-1,033,SO-' 1,148,194
7 5 ,0091
89.826
5,150,7 I l .901.333

§ C o v ers r e s u lts o n lin e s d ire c tly o p e ra te d e a s t of P itts b u rg .
* F ig u re s fro m D ecem b er 1 a re lo r th e ra ilro a d only. \ M exican c u rre n c y .
a In c lu d e s P a d u c a h A M em p h is D iv isio n fro m J u ly 1 in b o th y ears.
b In c lu d e s th e H o u sto n A T e x a s C e n tra l a n d its su b sid ia ry lines. E a rn in g s ol th e C rom w ell S team sh ip L ine, not p rev io u sly re p o rte d , a re
n o w also in c lu d e d .
c R e s u lts on M o ntgom ery D iv isio n a re in c lu d e d in b o th y e a rs. d In c lu d e s St. P a u l A D u lu th to r 0 0 1h > 00 vs.
e In c lu d e s r e s u lts o n Slier. Slirev. A S o u th ern , Mo. M idland a n d San A n to n io e x te n sio n for th is y e a r, b u t n o t for last > ear.
1'hose lU u res
a r e th e re s u lts on th e A la. M id lan d , B ru n sw ic k A W estern , C h a rle sto n A S a v a n n a h , S a v a n n a h F la. A W est’n a n d S tiv e r S p rin g s O cala a G n u ,
g T h ese fig u res in clu d e, b esid es th e St. L ouis A Sail F ra n c isc o p ro p e r, th e K a n . C ity F t. S c o tt A M em .system a n d Ft, W orth A Rio U la n d c .

THE CHRONICLE.

A p r il 19, 1903.]

Totals for Fiscal Year.
In th e fu ll page s ta te m e n t on th e p r e c ed in g p age w o sh o w
th e gross e a r n in g s o f a ll roads for th e period from J u ly 1,
th a t b e in g n o w th e b e g in n in g o f th e fiscal y ea r o f th e g r e a t
m a jo rity o f th e roads. T h ere are, h o w ev e r , so m e roads th a t
s till h a v e th eir o w n fiscal years. T h ese w ith th eir d ates are
b ro u g h t to g eth er in th e fo llo w in g .
L atest Oros s D a rn in g s.
P eriod.

R oads .

A llegheny V alley ..................... Jan .
A tla n ta As C h arlo tte A ir Line. Apr.
B ellefonte C e n tra l................... Jan.
B urlington C edar Rap. < No. Jan .
fc
C en tra l of New J e rs e y ............ Jan .
Chloago & N o rth -W estern .... Ju n e
Chicago Rook Isla n d & P a o .. A p r.
Ohio. 8 t. P. M inn. & O m a h a .. Jan .
C hoctaw O klahom a & G u lf.. Nov.
C um berland V a lle y ............... Jan .
E a s t St. Louis < C arondelet. Jan .
&
F t. W orth & D enver C ity....... Jan .
In te rn a tio n a l & G t. N o rth ’n . Jan .
Lehigh V alley R R .................... Deo.
Lehigh V alley C oal................. Deo.
M anistee & N o rth E a s te r n ... Jan .
M anistique................................. Jan.
M exican C e n tra l...................... Jan .
M exican In te rn a tio n a l........... J 0)£L
M exioan N a tio n a l................... Jan .
M exican R ailw ay ................... Jan .
M exioan S o u th e rn ................... Apr.
M issouri Paoiflo............... ....... Jan .
C en tra l B ran o h......... ........... Jan .
Jan .
T o t a l ......................... .—
M onterey & M exioan G u lf.... Jan .
N o rth ern C e n tra l............—
Jan .
P en n sy lv an ia, E a s t of P. & E. Jan .
W est of P. & E ............ ...
Jan .
Pere M a rq u e tte ......................... Jan .
P hilad elp h ia & E rie ................ Jan .
Phlla. Wllm’g’n & B altim ore. Nov.
P itts. Clnoin. Ohio. & St. L . .. Jan.
8 t. L. V an d alla & T erre H .... Nov.
8 outh H av en & E a s te rn ......... Jan .
T erre H a u te & In d ian ap o lis.. Nov.
T erre H a u te & P e o r i a . . . . . . . . Nov.
T exas & Paoiflo................... . Jan.
W est Je rs e y & S eash o re........ Jan .
W ichita V a lle y ........................ Jan .

to
to
to
to
l to
1 to
l to
1 to
1 to
I to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
l to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1
1
1
1

Feb.
Jan .
Mar.
Mar.
Feb.
Feb.
Feb.
Fob.
Mar.
Feb.
Feb.
Feb.
Apr.
Feb.
Feb.
Jan .
Mar.
Apr.
Feb.
Apr.
M ar.
Mar.
Apr.
Apr.
Apr.
Deo.
Feb.
Feb.
Feb.
Apr.
Feb.
Feb.
Feb.
M ar.
Mar.
M ar.
Mar.
Apr.
Feb.
Feb.

C u rre n t
Year.

28
81
31
31
28
28
28
28
31
28
28
28

7
28
28
31
31
14
23
14
22
22

P revio u s
Year.

9

$
12,768
2,234,181
10,782
1,200,472
2,570,501
32,426,210
24,001,124
1,528,579
1,805,684
155,760
23,917
348,468
1,319,660
6,344,011
5,697,327
33,539
26,066
4,979.360
962,536
2,170,552
1,015,700
804,868
9,319,189
329,593
9,653,451
1,406,984
1,268.215
14,102,805
901.100
2,054,059
342,237
3,684,518
3,125,785
803,543
9,529
638,626
236.018
3,436,083
366,854
13,335

Ino.

2,398,022
13,219
1,280,089
2.526,792
35,437.570
27,120,684
1,773,230
2,297,157
165.521
25,247
359,061
1,229,462
5 869,270
6,041,841
39,170
15 620
5,647,087
1,035,436
2,339,755
1,118,200
853 387
9,364.164
256,700
9,636,249
1,414,801
1,340,215
15,053,505
Inc.
2,370,710
883,728
3,690,118
3,443,674
847,556
12,497

14
14
14
31
28
28
28
7
28
28
28
31
3
31
688 886
213,256
31
14 3,185,186
28
366 854
9,478
28

L a te s t G ross E a r n in g s b y W e e k s .—T h e fo llo w in g tab le
co v ers th e secon d w e e k o f A p ril and sh o w s 9'07 per cen t
in crea se in th e a g g r e g a te over th e sa m e w eek la s t y ear.
2c? w eek o f A p r il.
Ann Arhnr _________
Buffalo Roeh. & P itts b ’g.
C anadian Paoiflo_______
Chicago < E a st. Illin o is.
fe
Chloago G reat W estern.
Chic. Term . T ra n s fe r___
D enver < Rio G ra n d e .
fc
E vansv. & In d ian ap o lis.
E vansv . < T erre H a u te .
fc
Hooking V alley ................
rowa C e n tr a l...................
M exioan C e n tra l_______
M1nn At St,. Tgmis...........
Mo. K ansas < T e x a s ___
fc
Mo. Pacific & Iro n M t.. . .
C entral B ran ch . . . . . . .
Mob. J aokson & K. C ity ..
N orfolk
Woa to m ____
Rio G ran d e S o u th e rn _
_
T exas & P a o iflo ..............
ToL St. L. & W est .
W a b a s h ______ ________
W isconsin C e n tra l...........
T o tal (25 road s)............
N et in crease (9 07 p. e.).

1902.
9

1901.
9

34,016
48,581
704,000
339,773
105,500
124,642
31,767
201,300
5,874
27,634
99,275
41,905
385,394
153,962
62,056
267,081
609,000
17,000
3,414
371,926
9.318
188,988
47,146
348,630
114,500

34,379
114,184
611,000
270,584
96,200
135,017
28,988
193,800
5,613
27,315
74,764
44,059
315,979
152,971
53,120
261,77s
579,000
19,000
2.951
279,294
8,753
211,153
47,489
314,460
99,896

4,342,685

3,981,747

In crea se.

$
93,000
69,189
9,300
2,779
7,500
261
319
24,511
69,415
991
8,936
5,303
30,000
463
92,632
565

Decrease.

$
363
65,600

10,375

2.154

2,000

22,165
343

34,170
14,604
463.938
360.938

103,000

F o r t h e f i r s t w e e k o f A p r i l o u r f in a l s t a t e m e n t o o v e rs
50 r o a d s , a n d s h o w s 6 ‘65 p e r c e n t i n c r e a s e i n t h e a g g r e g a t e
o v er th e sam e w eek la s t y e a r.
1st week o f A p r il.

1902.
9

1901.
9

In crea se.
9

P revio u sly re p ’d (25r’ds) 3,917,068 3,659,615
C en tral of G eo rg ia..........
112,320
113,880
C hattan o o g a S outh ern ..
2,156
1,347
Chic. In d ’p lls < Loulsv..
fe
86,086
80,347
Oln. N. D .& T ex as P a o ..
100,537
89,245
Clev. Cin. Chic. <s 8 t, L ..
S
316,182
313,236
P eo ria & E a s te r n .........
46,660
45,739
Colorado & S o u th e rn ..
89,775
102,575
'<ol Sandusky & B o ck ’cr.
19,484
14,610
D u lu th So. Shore & A tl..
48,464
51,563
G ran d T ru n k ................. i
G rand T ru n k W e s t.. >
546,709
531,124
Dot. Gr. H av. < Milw. j
&
In t. & G reat N o rth e rn ..
80,475
81,232
Louisville & N ash v ille..
5,55,295
520,545
M inn. St. P. < 8 . S te. M .
fe
109,141
95,744
N orfolk tn W estern ___
324,074
268,533
N orthern Pacific.......... .
659,209
617,980
171,140
P ere M arq u ette............
184,291
8 t. Louis & San F r a n _
_
367,498
329,877
Bt. Louis B oothw estei;i,.
113,238
133,064
Seaboard A ir L ine...........
263,877
255,744
Southern R a iiw a v ...........
655,91 8
703,332
Toledo P eoria < W est’n .
fe
15,418
18,385
Tol. Ht. L. & W e st............
48,510
44,537
T oronto Ham . <t Buffalo.
9,045
7,436

346,016
1,560
809
5,739
11,292
2,946
921
12,800
4,874

Total (50 ro ad s)___. . . .
N et increase (6 ■ p. e.).
05

059,078
548,864

8,726,051
............

8,182,187
.............

Decrease.
9
88 565

, ____ ...
„...... - „.
........
3,099

15,585

....

^T
___
34,750
13,397
55,541
41,249
e;849
37,621

757
. . .a ...-

8,183
53,414
3,973
1,609

. . . . ...
19,826
...... ...»
2,9S7
............
115,214
. . . . ...a

823

Net Earnings Monthly to Latest Dates.—T h e fo llo w in g
sh o w s th e g r o ss a n d n e t e a r n in g s to la t e s t d a te s o f a ll B t k a m
railroads fu r n ish in g m o n th ly s ta t e m e n t s . T h e c o m p ila tio n
Includes every road fr o m w h ic h w e c a n g e t r e tu r n s o f th is
character, an d in th a t fo rm is g iv e n o n c e a m o n th . E a r ly re
turns are p u b lish ed fr o m w e e k to w e e k , a s so o n as is s u e d , b u t
for th e c o n v e n ien ce o f o u r rea d ers a ll th e road s m a k in g re
turns are b ro u g h t to g e th e r h ere in th e w e e k in w h ic h w e p u b 
lish our m o n th ly a r tic le on n e t e a r n in g s— sa y a b o u t th e 20th
of th e m o n th .
The returns o f the street railways we give by themselves

under a separate head at the extreme end of thesetabulations
— page 8 2 5 .
see
— -G ro m E a r n in g ! . ----,,---- N e t K a r r in n s ,—

C u rre n t
Y ear.
R o a d s.

P re v io u s
Y e a r.

C urrent
Y e a r,
9

P re v io u s
Y e a r.

5,411
16,180
14.931
4,694
A d iro n d ack , a ........Feb.
88,698
141,740
131,456
43,699
Ju ly I to Feb. 2 8 ....
203,524
183,917
47,561
52,504
A labam a G t. So’th .a F o b .
454,910
493,239
Ju ly 1 to Feb. 28 — 1,687,826 1,487,794
Dee. 11,031
Deo. 25,846
A llegheny V alley ...F eb .
Deo. 36,354
Ino. 12,768
Jam 1 to Feb. 2 8 —
145,113
134,436
40,422
4,535
Ann A r b o r .b ..........Feb.
393,338
310,108
Ju ly 1 to Feb. 2 8 .... 1,285,990 1,173,414
5,621
4,026
841
952
A nn’p.W ’sh.& B al.aF eb .
55,388
40,337
19,433
10,815
Ju ly I to Feb. 2 8 .--.
s to h .T .A S. F e .b . Feb. 4,277,497 4,142,989 11,696,711 t l , 510,261
Ju ly 1 to Feb. 2 8 ....4 0 ,0 3 1 ,9 0 6 35,506,442 U 7159617 U 427 0 6 9 6
A tl. K nox. & NTo.a.Feb.
46,878
36,808
17,756
10,658
Ju ly 1 to Feb. 2 8 ....
415,354 320,769
162,980
100,808
A tlantio & B irm ’gh.M ar.
12,527
8,466
5,133
2,751
Ju ly 1 to Mar. 3 1 ....
98,448
56,306
42,485
19,025
A tlantio C oast L . a . Jan .
694,648 692,783
267,473
256,477
Ju ly 1 to Ja n . 3 1 ....
4,464,031 4,328,799 1,575,694 1,672,561
B altim ore & A nnapolis
S h o rt L ln e .a .........Feb.
7,130
6,008
1,492
2,063
Ju ly 1 to Feb. 2 8 . . . .
71,019
60,673
21,574
20,656
B alt. A O h lo .b .......Mar.
c
4,123,667 4,133,517 1,248,742 1,511,081
Ju ly 1 to Mar. 3 1 ....3 8 ,0 0 2 ,5 7 5 35,204,452 13,756,461 11,938,164
B an g o r& A ro o st’k b F eb .
139,072
113,144
42,180
51,034
943,929
Ju ly 1 to Feb. 2 8 . . . . 1,094,661
356,984
405,137
461
1,701
B a th & H a m m ’d s.bF eb.
1,868
336
31,386
Ju ly I t o Feb. 2 8 ....
26,544
12,095
17,760
11,111
3,551
B ellaire Z. & O in ..,F eb .
12,331
1,877
5,440
26,815
Jan . 1 to Feb. 2 8 . . . .
27,337
6,258
1,732
3,698
Belief o n te C e n tra lb M a r.
4,615
1,270
10,782
Ja n . I t o Mar. 3 1 _
_
13,219
5,132
2,702
B oston R ev. B. & L y n n —
Ja n . I t o Mar. 3 1 ___
83,085
70,177
579
76
2,506
B rid g t. & S aco R .b F eb .
3,170
1,049
492
J u ly 1 to Feb. 2 8 ___
29,099
27,369
8,811
7,045
1,202 def.1,351
B uff.A tt & A rcade.bFeb.
964
def.311
Ju ly I t o Feb. 2 8 ....
16,670
17,674
3,304
2,065
403,307
Bufl. R . & P ittb s .b .F e b .
352,326
77,232
172,062
Ju ly 1 to Feb. 2 8 . . . . 4,191,492 3,802,581 1,802,175 1,589,036
Buffalo & B’sq u e h .a F e b .
60,826
49,745
22,570
17,093
Ju ly 1 to Feb. 2 8 . . „
563,647
475,155
251,946
208,091
388,012
B url.C ed. R .& N o.a.Feb.
394,240
158,972
136,091
814,020
Ja n . I t o Feb. 2 8 ___
841,880
351,799
282,173
106,871
C anada A tlan tio .b .F eb .
123,195
34,888
11,713
Ju ly I t o Feb. 2 8 .... 1.187,097 1,172,246
340,922
206,593
C an ad ian P ao iflo .a.F eb . 2,349,039 1,977,189
674,361
620,680
Ju ly I t o Feb. 2 8 ....2 4 ,8 6 8 ,3 8 2 20,316,248 9,725,661 7,848,514
Cane B e lt.................. Feb.
10,020
4,290
625
1,856
Ju ly I t o Feb. 2 8 ....
118,347
33,735
46,321
15,883
Cent, of G eo rg ia, a . Feb.
655,089
626,701
144,324
154,459
J u ly I t o Feb. 2 8 .... 5,474,532 4,952,358 1,668,400 1,652,012
C en tral New E n g .b .F eb .
37,218
49,215
7,797
12,931
Ju ly 1 to Feb. 2 8 .... 401,459
481,625
105,232
122,749
C ent, of N. Je rse y .a .F e b . 1,217,279 1,164,482
462,874
444,394
Ja n . 1 to Feb. 2 8 ___ 2,526,792 2,570,501 1,004,952 1,098,738
C en tral P a c ific .b ...D e o . 1,509,196 1,458,655
416,775
484,907
Ju ly I t o Deo. 3 1 .... 10,909,231 10,335,116 4,339,370 4,316,979
O h a tta n ’g a S o u th .a F e b .
6,516
7,058
431
d e f 623
Ju ly 1 to Feb. 2 8 ....
61,363
67,026 d ef.24 ,18 2 def.19,034
C sesap . & O h io .a ..F e b , 1,225,252 1,126,192
404,618
343,200
Ju ly 1 to Feb. 2 8 ....1 1 ,0 4 4 ,7 4 4 10,311,357 4,187,789 4,019,735
---------Chicago & A lto n .a .F e b .
691,757
666,627
214,607
215,491
Ju ly I t o Feb. 2 8 .... 6,375,183 6,154j050 2,118,057 2,138,982
------Ohio. B u rl.A Q u in .b F eb . 3,758,139 3,614,687 1,275,271 1 211 923
Ju ly 1 to Feb, 2 8 ....3 6 ,4 5 2 ,7 4 3 33,814,765 14,130,981 12^733)067
O h io .& E a st. 111.b..Feb.
516,088
473,084
233,622
209,586
Ju ly 1 to Feb. 2 8 ...
4,242,800 8,850,776 1,954,603 1,634,714
M o. G t. W est’n .b .F e b .
543,688
524,862
120,660
154,017
Ju ly 1 to Feb. 2 8 .... 5,174,728 4,661,132 1,467,768 1,456,482
Ohio. In d .& L o n is. a.F eb .
287,820
275,343
80,594
66,878
Ju ly 1 to Feb. 2 8 .... 2,988,882 2,705,054 1,143,324
974,178
OMe. M. & 8 t. P .a ..F e b .
3,091,541 3,093,905
883,351 925,025
Ju ly 1 to Feb. 28 ...3 1 ,0 7 6 ,7 3 1 28,805,729 11,140,624 10,468,979
Ohio. R .I .& P a c .a d F e b . 2,283,156 1,941,881 1,140,231
617,764
Apr. I t o Fob. 28. ...2 7 ,1 2 0 ,6 8 4 24,001,124 9,890,351 8,098,705
C a f e . T er. T ran sf.fe. Feb.
124,120
104,249
51,158
43,916
Ju ly 1 to Feb. 2 8 .... 1,050,917
933,383
488.300
447,308
*C hoctaw Ok.& G . b Ja n .
469,564
357,987
188,273
162,982
Nov. 1 to Jan . 3 1 .... 1,428,163 1,087,913
572,653
545,103
Oln. N. O. & T. P .a .F e b .
428,665
402,001
102,599
96,783
Ju ly 1 to Feb. 2 8 ___ 3,644,316 3,280,286
935,784
851,652
Cl.Oin.C'hio.&St.L.aFeb. 1,229,706 1,278,431
244,068
314,272
Ju ly I t o Feb. 2 8 ....1 2 ,6 6 2 ,9 0 6 ll,'9 0 i;8 2 1 3,428,413 3,476,191
P e o ria & E a s t’n .a.F eb .
163,719
210,294
83,559
40,118
Ju ly 1 to Feb. 2 8 .... 1,692,838 1,635,605
r '
462.300
575,895
Color’do & South, b . Feb.
417,946
360,334
110,673
94,952
Ju ly l to Feb. 2 8 ___ 3,687,615 3,203,392
994,902
847,739
Oolum.Newb.A L .b.F eb.
15,680
16,840
1,212
6,273
Ju ly 1 to Feb, 2 8 ....
118,833
119,926
38,836
38,551
C ornw all................... Fob.
7,074
9,375
2,331
def. 572
Ju ly 1 to Feb. 2 8 ___
78,941
67,139
34,600
27,795
C ornw all & Lebam .Feb.
20,589
20,682
9.074
10.918
Ju ly 1 to Feb. 2 8 ....
229,729
160,826
110.452
70,492
C um berland V al.b .F cb ,
70,721
75,256
25,678
26,816
Jan, 1 to Feb. 2 8 ___
165,621
155,760
58,808
51,900

824

THE
.---- tirn is E a r n in g s .—
O verrent

Hoa<

Year.
%

P re v io u s

Year.
*

C H R O N IC L E

— N et E a r n in g s . ---O u rre n t

Year.

P re v io u s

Year.
$

$
783,740
759,064
229,836
290.492
.. 8,020,230 7,739,454 2,931,441 2,857,951
31,815
25,308
77,148
72,480
.
546,932
533,792
138,430
157,815
109,896
30,999
103,218
20,705
July 1 to Nov. 3 0 .. ..
539,888
480,024
114,379
148,001
Dul. Ho. Htl.A A tl. b Feb
166,001
56,017
195,175
70,559
Ju ly 1 to Feb. 2 s .. . 1.767.773 1,634,043
040,392
543,304
B rie.*............ . . . . . Feb. 2,752,396 2,737,102
508,372
477,604
July 1 to Feb. 2 8 .. .27,373,430 25,260.931 7,962,734 6,707,419
3,180
Fairchild A N. F ast Feb.
2,974
1,789
1,757
Jan. 1 to Feb. 2 8 ...
6.764
6,832
4,284
4,244
Farm v. A Pow hat’n.Feb,
3,452
3,843 def.1,183
def. 139
Ju ly 1 to Feb. 2 8 ..
46,142
40,983
3,033 def.8,171
Fu W A U a u C ity .b F e b
150,398
157,151
43,996
50,553
Jan. 1 to Feb. 2 8 ...
359.061
348,408
101,650
109,484
G enesee A W yoming —
Jan. 1 to Mar. 31...
18,546
16.980
10,999
3,939
G e o rg ia .a .... .......Feb
109,608
108,462
63,306
50,367
Ju ly 1 to Feb. 2 8 .. . 1,373,133 1,286,912
493,219
441,551
Ga. S outh. A F la .a .F e b
107,125
99,758
23,310
23,712
Ju ly 1 to Feb. 2 8 ..
851,762
824,256
234,853
230,894
26,713
Glia Val. Globe A No.Feb
29,743
14,863
16,024
Ju ly 1 to Feb. 2 8 .. .
213,154
251,349
120,340
137,801
G r. T ru n k of C a n ...F e b
1,650,261 1,644,424
450,161
438,481
Ja n . 1 to Feb. 2 8 ... . 3,121,707 3,462,586
988,407
986,460
Gr. T runk W est...Feb.
303,675
289,076
15,086
19,953
Jan . 1 to Feb. 2 8 ... .
697,870
631,198
89,059
76,406
D et. Gr. H. A M il.Feb
64,239
71,539
5,353
12,166
Jan . 1 to Feb. :
.
176,658
153,293
53,532
33,579
121,850
G ulf A Ship I a l ...a
90,909
44,237
17,726
Ju ly 1 to Jan . i
.
789,595
536,017
236,235
120,369
317,901
334,272
95,682
129,222
. 3,423,013 3,148,298 1,311,152 1,297,710
H o u st. A T ex. Cent.Dec
605,215
598,924
220,210
289,467
Ju ly 1 to Dec. 3 1 .. . 2,932,017 3,119,213 1,221,377 1,540,021
Illinois C e n tra l.. .a . Feb 3,114,907 2,969.355
994,428 1,003,748
Ju ly 1 to Feb. 2 8 .. .27,243,490 24,636,528 9,016,288 7,687,288
In d ia n a 111. A la . b Dec
138,227
113,612
31,646
36,283
Ja n . 1 to Deo. 3 1 .. . 1,638,901 1,220,140
613,003
444,059
Iow a C e n tr a l.b
Feb
207,771
199,697
33,436
31,328
Ju ly 1 to Feb. 2 8 .. . 1,727,587 1,590,363
340,190
257,780
6,621
Iro n H a llw a y .b _ Deo
_
4,324
1,736
1,209
89,600
Ju ly 1 to Dec. 3 1 ..
26,486
14,275
9,936
K an aw h a A M loh.a.Feb
82,298
72,750
17,140
19,640
Ju ly 1 to Feb. 2 8 .. .
733,303
609,469
144,413
116,468
442,840
} Kan. C ity S o u th .a .F e b
407,415
142,356
124,730
Ju ly 1 to Feb. 2 8 .. . 3,586,657 3,117,338 1,138,278
787,248
Lehigh Val. R R .aF eb. . 1,855,257 1,932,929
59,503
250,051
Doc. 1 to Feb. 2 8 .. . 5,869,270 6,344,011
294,888 1,070,690
Lebigh Y.Ooal Co.a.Feb
2,000,148 1,756,863
24,791
10,354
Deo. 1 to Feb. 2 8 ... . 6,041,841 5,697,327
23,330 def.40,288
L ex in g ’n A E a st, b .. Feb
30,522
25,284
11,271
8,954
Ju ly 1 to Feb. 2 8 .. .
262,401
230,860
97,343
86,011
L ong I s la n d ........... Feb
Ino. 10,79#
Deo. 9,800
Ju ly 1 to Feb. 2 8 ...
Ino. 438,508
Ino. 252,092
54,175
58,483
10,850
19,796
.
357,702
339,096
99,893
113,145
Loulsv. A N ashv.fc.Feb. 2,401,649 2,263,937
745,458
772,933
Ju ly 1 to Feb. 2 8 ... .20,297,832 18,622,391 6,646,767 6,915,322
M acon A B irm in g b F eb .
10,468
10,091
def.318
174
Ju ly 1 to Feb. i
87,438
77,073
9,178
1,166
M anistee A Gr. R ap.
11,053
10,106
3,043
1,023
M anistee & No. E .a .Ja n .
39,170
33,539
25,604
18,366
M anistlq n e. b ......... Feb.
3,046
7,981
def .201
4,871
Ja n . 1 to Feb. 1
12,213
15,361
5,834
9,169
M aryland & P e n n ..F e b .
15,349
15,362
1,143
2,929
Ju ly 1 to Feb. 5
.
174,610
159,719
52,396
38,124
M exican C e n tra l...F e b . 1,450,557 1,370,881
479,861
394,671
Ja n . 1 to Feb. 2 8 ... 3,080,526 2,831,857 1,025,649
783,177
487,672
Mex. In te rn a tio n a l.F e b .
476,927
198,245
215.751
1,035,436
962,536
417,608
423,542
677,110
589,824
211,088
183,992
Jan . 1 to Feb. 2 8 ... 1,363,444 1,234,168
426,022
410,425
Mlllen A Southw est. Feb.
3,011
3,843
890
586
Ja n . 1 to Feb. 2 8 ...
6,998
7,821
1,767
1,352
M ineral R a n g e .b ...F e b .
42,608
39,289 def.2,032 def.1,618
Ju ly 1 to Feb. 2 8 ...
389,299
395,092
55,591
74,096
Minn. A 8 t . L ouis.a.F eb.
222,569
259,629
77,470
91,665
Ju ly 1 to Feb. 2
2,338,533 2,175,668
980,169
903,855
M. St. P. A S. 8 . M .b.Feb.
376,949
290,615
172,895
105.943
Ju ly l to Feb. 2 8 ... 4,170,238 2,901,326 2,303,353 1,215,190
Mo. K an. A T ex as.a.F eb . 1,111,690 1,186,099
246,254
263,703
Ju ly 1 to Feb. 2 8 ... 11,373,695 10,530,105 3,522,890 3,387,889
M issouri Paoiflc.b..Feb. 2,520,390 2,638,974
471,708
909,629
Jan . I to Feb. 28__ 5,434,248 5,568,451 1,080,485 2,038,712
619,041
nV ash.C h.A S t.D .c.F eb.
623,039
182,183
178,946
Ju ly 1 to Feb. 2 8 ... 5,242,509 5,187,391 1,631,763 1,766,769
6,438
Nev.-Cal.-Oregon.a.Feb.
5,963
def.214
def.964
Ju ly 1 to Feb. 2 8 ...
103,354
100,201
37,741
35,254
N evada C e n tr a l__ Feb.
2,700
2,476
640
def.217
Ju ly l to Feb. 2 8 ...
26,081
22,046
348
4,178
N. Y. O nt. A W est.aF eb.
385,041
333,855
3,549
76,662
Ju ly 1 to Feb. 2 8 ... 3,892,577 3,419,143 1,056,227 1,040,113
N. Y. Bus. A W est.a.Feb.
181,697
232,703
71,042
100,627
Ju ly 1 to Feb. 2 8 ... 1,892,620 1,658,512
891,529
708,426
N orfolk A W est’n.a.F eb . 1,282,779 1,259,658
504,936
488.888
Ju ly 1 to Feb. 2 8 ... 11,471,550 10,853,287 4,881,620 4,406,400
N o rth ern C en tral, b,Feb.
601,479
581,779
130,484
113,284
Jan . 1 to Feb. 2 8 ... 1,340,215 1,266,215
374,112
289,612
N o rth e rn P aoifio.b.F eb. 2,805,518 2,066,718 1,363,397
942.526
28,206,172 21,636,681 14,343,878 11,067,902
Pacific C oast C om pany -S ee M iscellaneous C om panies.
P e n n sy lv a n ia —
Lines d ire o tly o p e ra te d
E a st of P itts.A E.Feb. 7,045.084 6,636,634 1,960,301 1,942,101
Jan . 1 to Feb. 28. ...1 5 ,0 5 3 ,5 0 5 14,102,805 4,462,498 4,404,798
West of P itts . AE.Feb.
Ino. 313,000
Ino. 43,700
Jan . 1 to Fob. 2 8 ....
Ino. 901,100
Ino. 255,900
Ue iv. A Hlo l
Ju ly 1 to Feb.
le tro lt A Ala
Ju ly 1 to Feb.

[V o l ,
-

LXXIV

C ross n a m i n g s .—— ,
*
N et E a r n in g s .— ,
C u rre n t
P re v io u s
C u rren t
P re v io u s
Y e a r.
Y ea r.
Y e a r.
Y ea r.

H o a d s.
#
#
*
«
Pore M arq u ette.a..F eb .
676,024
695,342 119,783
80,734
Jan. l to Feb. 2 8 ... 1,448,021
1,278,739 239,932
203,532
Phlla. A E rle.b . . Feb.
418.085
400,841 112,295
115,577
Jan. 1 to Feb. 2 8 ...
888,728
842,237 245,323
227,966
P hil.w uui.A H alt.bF eb.
812,716
819,316 169,613 168,813
Nov. 1 to Feb. 2 8 ... 8,690,118
3,664,518 1,062,495 1,085.095
Pine Bluii A Ark. R.Feb.
2,547
2,788
1,042
1,601
Ju ly 1 to Fob. 2 8 ...
25,063
20,372
11,194
9,990
P itts. O. C, A S t.L .. .Fob. 1,566,123
1,469,285 370,294 365,792
Jan. 1 to Feb. 2 8 ... . 3,443,674
3,125,785 946,504
839,276
Pitts.A West. Sys.b. Jan.
308,713
299,004
66,980
95,255
Ju ly 1 to Jan . 31.... 2,624,299
2,303,611 916,141 785,038
Reading C om pany—
Phlla. A Uead’g.b.Feb. 2,174,107
2,040,166 823,658 056,644
Ju ly 1 to Feb 2 8 ... 20,076,221 18,507,584 7,710,806 6,310,411
Coal A Iro n Co. b.Feb. 2,193,820
2,337,611 134,077
171,701
Ju ly 1 to Feb. 2 8 ... 20,156,618 19,080,861 1,779,091 1,503.099
Total both Co.’s.bFeb. 4,307,426
4,377,777 957,734
828,345
July 1 to Feb. 2 8 ... 40,232,839 87,593,945 9,489,897 7,819,509
Reading Co. b .......Fob.
..................................
115,507
16,920
Ju ly 1 to Fob. 2 8 ...
..................................
725,445
173,416
T otal allC onip’s.bFeb.
.................................. 1,073,241
844,271
Ju ly 1 to Feb. 2 8 ...
........................... 10,215,341 7,992,927
Rloh. F red. A P o t. Jan.
96,481
87.2 92
42,499
36,053
Ju ly 1 to Jan . 3 1 ....
616,095
567,251 232,477 213,122
Rio G rande Ju u o t..N o v .
53,093
52,229 f 15,928 f 15,669
Deo. 1 to Nov. 3 o . ..
575,350
558,679 fl7 2 ,6 0 5 fl6 7 ,6 0 4
Rio G randeS outn.ti Jan.
47,291
45,238
21,771
22,476
Ju ly 1 to Jan . 3 1 ...
352,649
340,812
156,913
101,909
Rio G rande W est.b.Fob.
302,199
292,146
146,020
97,053
Ju ly 1 to Feb. 2 8 ... 3,610,552
3,190,885 1,447,062 1,021,096
R u tlan d —
Ju ly 1 to Deo. 3 1 __ 1,132,818
405,016
St. Jos. A Gd. Tsi a.F eb .
85,412
16,346
110,841
36,343
Ju ly 1 to Feb. 2 8 ...,
929,216
933,071
303,809
346.152
St. Louis A N A rk.bFeb.
14,446
4,632
5,889
2,191
Ju ly l to Feb. 28 ..
156,235
61,444
27.699
72,493
k u i . o u l t A F . b F e b . 1,598,671 1,490,431
535,039
526.152
Ju ly 1 to Feb. 2 8 .... 14,661,812 12,897,221 6,160,025 5,456,882
Ht.Louis So’w est.b§Feb.
550,857
616,627
139,839
234,389
Ju ly 1 to Feb. * 8 __ 5,010,257 5,164,340 1,517,745 2,201,586
8 an A nt.A A ran.P .aF eb.
161,832
178,864
9,179
14,215
July 1 to Feb. 2 8 __ 1,745,620 1,878,927
510,923
630,261
8 an Fr. A N. P a c .a .F e b .
56,964
61,020
307
14,130
Ju ly 1 to Fob. 2 8 _
_
781,243
692,561
238,559
256,108
liS av . F la.A W est.b.Feb.
780,077
782,827
282,880
297,953
Ju ly 1 to Feb. 28 ... 5,550,936 5,333,665 1,814,252 1,744,854
905,819
Seaboard Air Line aFeb.
925,770
208,733
342,791
July 1 to Feb. 2 8 __ 7,512,592 7,098,198 2,350,997 1,668,205
1 Southern Pao.Co.aFeb. 6,081,412 5,735,447 1,540,802 1,728,928
Ju ly 1 to Feb. 2 8 .... 56,908,467 50,735,037 20,037,694 17,940,504
C entral Paoiflo b.Dec. 1,509,196 1,458,655
416.775
484,907
Ju ly 1 to Deo. 3 1 __ 10,909,231 10,335,116 4,339,870 4,316,979
Gal. H ar. A San A.bDeo.
610,035
611,377
128,600
149,689
Ju ly 1 to Dec. 3 1 _
_ 3,722,766 3,359,268 1,099,941
732,801
GulfW . T.A Pao.bD ec.
12,355
12,373
def.798
3,475
H oust.E.A W.T.b.Deo.
94,322
94,110
37,169
42,793
Ju ly 1 to Dee. 3 1 _
_
496,388
438,689
175,154
162,487
H oust. A Shreve.bD eo.
25,065
23,633
14,547
12,206
Ju ly 1 to Deo. 3 1 _
_
121,603
93,461
50,437
49,230
Louisiana West. b.Deo.
167,605
153,891
74,466
70,108
Ju ly 1 to Deo. 3 1 ....
814,843
950,393
433,367
352,978
hf’g’n’sLa. ATex.bDeo.
904,070
819,675
416,686
381,934
Ju ly 1 to Deo. 3 1 .... 4,546,008 4,098,957 1,891,502 1,642,463
N. Y. Tex. A M .b Deo.
26,694
35,195
12,143
9,253
Ju ly 1 to Deo. 3 1 ....
203,360
146,501
85,417
58,737
Texas A N. O rl.b.D ec.
250,090
252,466
58,476
94,255
Ju ly 1 to Deo. 3 1 .... 1,491,811 1,294,473
376,881
467,452
So. Pac. of Oal.b-D eo. 2,025,407 1,550,506
898,661
635,343
Ju ly 1 to Deo. 31___ 11,128,609 9,334,645 4,720,641 3,894.465
435,694
So. P ac. of A rlz.b Dec.
421,604
191,781
237,805
Ju ly 1 to Dec. 31_ 2,266,477 1,926,073 1,189,250
_
997,385
221,674
So.Pao. of N. M .b.Dee.
223,798
121.775
145,840
Ju ly 1 to Dec. 3 1 _
_ 1,286,612 1,032,659
798,289
622,576
Southern R ailw ’y.aFeb. 2,957,303 2,947,991
781,393
827,356
Ju ly 1 to Feb. 28_ 25,211,438 24,152,227 7,801,421 7,666,713
_
Texas C e n tra l. a ... Feb.
49,272
38,453
13,206
23,667
447,866
Ju ly 1 to Feb. 2 8 ___
491,900
214,321
275,189
191,217
to led o A O. C en t.a.F eb .
179,064
21,723
28,788
Ju ly 1 to Feb. 2 8 _ 1,903,547 1,689,058
_
394,736
416,912
ro l.P eo rla A W est...M ar.
84,756
94,569
21,026
23,686
866,645
Jn lv 1 to Mar. 3 1 _
_
884,770
221,741
224,438
Toronto H am . A Buflalo —
Jan. l to Deo. 3 1 _
_
491,181
404,114
190,879
146,713
U nadilla V alley—
Jan. 1 to Mar. 3 1 _
_
7.675
7,337
1,395
def. 424
nion Pao.Syst’m a.Feb. 3,325,156 2,886,683 1,471,264 1,091,739
Ju ly 1 to Feb. 2 8 ___ 32,712,450 29,631,741 15,901,408 13,123,020
W abash.b............... . Feb. 1,396,171 1,270,496
322.691
276,637
Ju ly 1 to Feb. 2 8 ___ 12,994,002 11,392,997 3,899,710 3.S69.S15
170,344
W. J ersey A Seash.bFeb.
181,744 def 6,516
15,284
366,854
Jan. 1 to Feb. 2 8 —
366,854 def.10,812
25,288
224,049
Wheel. A L. E rie — Feb.
217,817
83.238
65.870
Ju ly 1 to Feb. 28 . .. 2,279,937 2,000,084
618.182
646,948
W ichita Valley------Feb.
4,560
3,940
1,975
1.721
Jan. 1 to Feb. 28 —
9,478
13,335
6.702
4,029
W’m so’r t A No.Br.aFeb.
8,198
8,331
3,121
2,927
Ju ly i to Feb. 2 8 ....
89,778
74,895
38.376
23,413
Wlsoonsin C entral bFeb.
413,274
113,924
S56.927
85,759
Ju ly 1 to Feb. 2 8 .... 3,917,838 3,512,157 1,370.639 1,228,124
W rightsv.A Tenn.bD eo.
14,116
15,828
6,115
7,464
Ju ly 1 to Doo. 3 1 ....
75,069
89.826
29,175
39,701
Yaaoo A Miss. V al.a.Feb.
538,119
562,5S0
174,528
199,632
Ju ly 1 to Feb. 28_ 4,587.521 4,395,353 1,526,347 1,811,993
_

a N et earnings h e re g iv e n a re a f te r d ed u ctin g ta x e s ,
b N et earn in g s h ere g iv en a re b efo re d ed u ctin g ta x e s .
c These figures are In Mexican currency, and are convertible lu te
gold a t the cu rren t r a te of exchange.

THE

A p r i l 19, 1902. J

d G ross earn in g s Include o th e r lnoom e.
f T h irty p e r c e n t of g ro ss e a rn in g s.
1 Those llgures Include H o u sto n A T ex as' C en tral a n d Its su b sid iary
t
lines an d th e C rom w ell S team ship Line.
It These figures Include In. b o th years re su lts on K ansas City F o rt
S cott & M em phis R ft. an d F o r t W orth A Rio G ran d e lilt.
c
ii In clu d es P a d u c a h A M em phis D ivision from J u ly 1 In both years.
c
* C overs ra ilro a d o p eratio n s only.
1» These figures inolude, besides the old S av an n ah F lorida A W e ste rn ,
c
th e A labam a M idland, B runsw ick At W estern, C harleston < S avannah
fo
and Sliver Springs O eala A G ulf, all of w hich h av e now b een consoli
c
dated. F or la s t y e a r th e earn in g s of these se p a ra te roads a re com bined
fo r pu rposes of com parison.
♦ F o r F e o ru a ry . 1902, ta x e s an d r e n ta ls am o u n ted to $ 177.84.0,
a g a in st $167,084, a f te r d ed u ctin g w hich n e t for F e b ru a ry , 1902,
w as $1,518,871, a g a in s t $1,3<I3,177. From J u ly 1 to F e b ru a ry 28,
1902, ta x e s an d re n ta ls am o u n ted to $1,312,211, a g a in st $1,339,587,
a fte r deduoting w hich n e t w as $15,847,406, a g a in st $12,931,109.
} K ansas C ity Sub. B elt inoluded from J a n u a r y 1, 1902.
§ N et earn in g s a re a fte r allow ing fo r e x p e n d itu re s fo r b etterm en ts.

M iscellaneous Companies.
C om panies.

— d r o s s M a r n in g s . ---- . .---- N e t M a r n in g s .— .
C u r r e n t P revio u s
C u rre n t P r e v io u s
Y ear.
Y e a r.
Y e a r.
Y ea r.
$
$
$
$

28,387
Buffalo G as Co---- Mar.
206,663
Oct. l t o Mar. 3 1 .- ..
1,897
Consol. G as C o.,N .J.Feb.
5,334
Ja n . 1 to Feb. 2 8 ___
G as A E leo tric Co. of
c
18,634
20,109
6,409
B ergen C o u n ty ..F eb .
180,174
210,149
87,887
Ju n e 1 to Feb. 2 8 ....
2.S45
Ja o k so n Gas-L. C o.Feb.
‘ 36,353
Mar. 1 to Feb. 2 8 ....
_
_
95,287
Laolede Gas L ’t Co.Feb.
209,464
Ja n , 1 to Feb. 28 —
16,277
14,824
7,446
Low ell E lec. L t. Co.Feb.
122,115
128,917
51,972
Ju ly 1 to Feb. 2 8 ....
18,833
16,498
9,361
M exican T elephone, Ja n .
196,715
170,758
90,228
Mar. 1 to Ja n . 3 1 —
327,525
55,541
314,418
Paeiflo C o ast C o ..a F e b .
710,822
Ju ly 1 to Feb. 2 8 _
_ 3,401,345 3,483,126
P h ila d e lp h ia C om pany—See sta te m e n t V. 74, p. 625, ;

26,009
186,573
1,976
4,757
6,155
65,936
2,477
29,069
90,575
179,949
5,877
40,646
6,897
76,130
53,676
790,348

Interest Charges and S u r p lu s* —T h e fo llo w in g road s, it.
addition to th e ir gross and n e t e a r n in g s g iv e n in th e fore
going, also rep o rt ch a r g e s for in te r e s t, & c ., w it h th e surplus
above or d e fic it below th o se oh a rg es.
Roadi

A tla n tic & B irm ’gh.M ar.
Ju ly l t o Mar. 3 1 . . . .
B ellefo n te C entral..M ar.
Ja n . 1 to M ar. 3 1 ___
B oston Rev. B. A L ynn—
j
Ja n . 1 to M ar. 3 1 ___
C ent. N ew E n g la n d .F e b .
Ju ly l to Feb. 2 8 ___
Chic. Bnrl.Ai Quincy Feb.
Ju ly 1 to Feb. 2 8 ....
Ohio. & E . Illin o is..F e b .
J u ly l t o Feb 28 —
Chic. R. Isl. & P a e .. Feb.
Apr. 1 to Feb. 2 8 _
_
Choc. O kla. < G u lf.J a n .
fe
Nov. 1 to Ja n . 3 1 ___
Clev. Cin.Ch. A S t. L.Feb.
c
Ju ly 1 to Feb. 2 8 ___
P e o ria & E a s t _ Feb.
_
Ju ly 1 to Feb. 2 8 ....
Den. & R .G ra n d e ...F e b .
Ju ly 1 to Feb. 2 8 —
D etro it S o u th e rn .. .Nov.
Ju ly 1 to Nov. 3 0 ....
D ul. So. 8 h. A A tL ..F eb.
c
Ju ly 1 to Feb. 2 8 ....
G enesee & W yom ing—
Ja n . 1 to Mar. 31 —
Hooking V alley .......Feb.
Ju ly 1 to Feb. 2 8 —
K an a w h a A M ic h ...F e b .
c
Ju ly 1 to Feb. 28 —
M anistee & No. E ... Jan .
M ineral R a n g e ----- Feb.
J u ly 1 to Feb. 28 . . .
Mo. K a n . & T ex as..F eb .
J u ly 1 to Feb. 2 8 ___
Jftashv. C h a t.* St.L .Feb.
J u ly 1 to Feb. 28 —
N ev.-C al.-O regon. .. Feb.
J u ly 1 to Feb. 2 8 _
_
N orfolk A W esPn.-.Feb.
Ju ly 1 to Feb. 2 8 —
P ere M a rq u e tte — Feb.
Ja n . 1 to Feb. 23 —
P itts . 0 . C. A Ht. L. Feb.
c
Ja n . 1 to Feb. 2 8 —
R e a d in g All com panies .. Feb.
Ju ly 1 to Feb. 2 8 ....
Rio G ran d e S o u th ..J a n .
Ju ly 1 to J a n . 31 —
Rio G ran d e W e st...F e b .
Ju ly 1 to Feb. 2 8 —
Bt. Jo s. A Gr. fsl’d .-F eb .
c
Ju ly 1 to Feb. 2 8 ....
St. L. A Han F ra n ...F e b .
Ju ly 1 to Feb. 2 8 ....
Han A nt. A A r. P ass—
Ju ly 1 to Feb. 2 8 ....

- I n t., r e n ta ls , etc .—-» r -B a l. o f N e t M a m ’s.C u r r e n t Previous
C u r r e n t P r e v io u s
Y e a r.
Y ea r.
Y ear.
Y e a r.
$
%
$
$
2,083
3,050
2,083
668

23,735
1,182
3,482

275
719
1,049

"df.10,432
def.5,131
1,630
475,271
7,730,981
*109,860
*1,037,883
*921,231
*6,381,351
1131,416
1402,528
14,092
1,567,812
6,430
192,794
115,396
t l , 389,661
205
16,101
78,342 *def.7,570
*14,532
627,657

* d f.l 2 , 8 S0
502
23,130
414,663
6,354,985
*90,370
*737,505
*800,767
*4,611,738
1127,029
{434,940
----- ‘
73,336
1,529,147
49,809
305,895
t94,828
t l , 353 ,666

18,750
550
I,

18,750
551
6501,653

14.786
12,928
103.602
800,000
6.400.000
134,530
1,055,941
319.000
3.509.000
55,636
159,027
229,976
1,860,601
33,688
269,506
215,842
1,667,734
26,500
132,500
78,642
629,133

15,541
12,429
99,619
797,260
6,378,082
129,210
1,046,987
316,997
3,486,967
43,612
129,957
240,936
1,947,044
33,750
270,000
194,882
1,615,097

*df.21,876
*df.81,724

4,154 def.2,901
6,845
6,840
*52,904
*18,264
77,418
76,318
645,704
635,868 1,002,294 *1,010,703
12,237
*5,412
*9,320
10,886
*35,552
*57,157
91,466
85,449
19,554
12,274
6,050
6,092
8,647
4,762 *df,10,631 *def.6,141
37,392
68,625
37,385 *df.l2,319
305,594
290,136 def.59,340 def.26,433
2,409,542 2,315,961 1,1»3,348 1,071,928
33,234
29,673
152,510
145,712
504,488
411,789
1,219,979 1,262,281
1,947
2,250 def.2,161 def.3,214
17,254
20,204
17,537
18,000
301,475
303,331
187,413
201,605
1,551,670 1,500,387 3,329,850 2,906,019
132,408
120,778 def.12,625 def.40,044
235,111 def.25,747 def.31,579
265,679
75,243
322,026
48,268
290,549
246,772
316,053
592,504
680,451
53,291
211,241
790,980
862.000
6.896.000 6,327,837 3,319,341 1,665,090
4,793
18,034
3,737
17,883
36,450
29,702
127,211
125,459
*46,344
101,095
*663,817
805.602
27,593
4,679
II,
667 8,750
276,152
227,976
75,833
70,000
*37,719 *170,154
502,355
386,795
3,047,008 3,047,471 *2,602,110 *2,521,416
b554,749

.............

df.43,826

825

CH R O N IC LE

s
—In!., RentM h.eic .— t—B a l. o j N e t M a m ’s .—
P r e v io u s
C u rren t
C urrent Previous
Y ea r.
Y ear.
Y ea r.
F ear.
$
$
$
$
lioatls.
22,791 def.22,463 def.8,661
22,770
Han F ra n . A N o.Pao.Fob.
73,279
182,829
50,392
182,167
Ju ly l to Fob. 28 ..
.............*df.587,583
Southern Pao. C o...F eb. u.2,286,064
...............-2,944,821
Jul y 1 to Fob. 28.. . a l 7 , 892,871
‘def.7,318
35,135 ‘def. 16,959 *
Toledo A O hio <'on..Feb.
c
30,010
*86,848 *141,330
278,1,99
Ju ly l t o Feb. 28 . . .
317,404
def. 40
23,726 def, 1,424
To) Peo. A West,. ..M ar.
22,450
15,484
16,943
207,495
Ju ly 1 to Mar. 3 1 ....
200,257
U n ad llla Valley—
3,461 def.1,760 def.3,885
Jan . 1 to Mar. 3 1 ....
3,145
def .201
53
1,922
W lohBa V alley....... Fob.
1,922
184
2,857
3,845
Ju ly 1 to Feb. 28---3,845
717
427
2,500
W’m sport A No. B r.F ob.
c
2,404
3,413
19,143
20,000
Ju ly 1 to Feb. 2 8 ___
19,233
131,855 *df.30,4Sl ‘df.45,881
Wleoonsln C e n tral..F eb .
145,119
*254,691 ‘ 151,307
Ju ly 1 to Fob. 2 8 .... 1,131,740 1,081,161

* A fter allow ing fo r o th e r lnoom e re c e iv e d .
t These figures a re a fte r allow ing for o th er lnoom e an d fo r discount
an d exchange. A fter ded u o tin g $10,000 fo r R enew al F u n d in
F eb ru ary , 1902, and $10,000 In F e b ru a ry , 1901, th e su rp lu s for th e
m onth Is $5,396, ag a in st $84,828 a y e a r ago. F rom Ju ly l to Feb. 28,
19 0 2 , the deductions fo r th is purpose w ere $80,000, ag a in st $ 10 0 ,0 0 0
a year ago, leaving a su rp lu s of $1,309,661 in 1902, ag a in st $1,258,666 in 1901.
1 Inoludes n e t earn in g s of m ines.
a These figures for F e b ru a ry inolude $937,813 ap p ro p ria te d for
b etterm en ts and ad d itio n s to p ro p erties a n d equipm ent; from J u ly 1
to Feb. 28 th e am o u n t expended fo r th ese purp o ses w as $7,086,012.
b These figures inolude $49,713 a p p ro p ria te d fo r b e tte rm e n ts an d
ad d itions.

STREET RAILWAYS ANSI TRACTION C O M P A N IE S .
T he fo llo w in g ta b le sh o w s th e gross e a r n in g s fo r t h e la te s t
period o f a ll s t r e e t r a ilw a y s fro m w h ie h w e a re a b le to o b 
ta in w e e k ly or m o n th ly retu rn s. T h e a r r a n g e m e n t o f th e
ta b le is th e sam e as t h a t for th e ste a m roads—t h a t is, t h e
first tw o c o lu m n s o f fig u res g iv e th e g ross e a r n in g s fo r th e
la te st w e e k or m o n th , an d th e la st tw o c o lu m n s th e e a r n in g s
for rr.e ca len d a r y ea r fro m J a n u a r y 1 t o a n d I n c lu d in g su oh
la te st w e e k or m o n th ,
STR EET RAILW AYS AND TRACTION COM PANIES.
G ao ss
E a r n in g s .

L a te st C ross M a rn in g s.
J a n . 1 to L a te st Date.
O u r’n i P re tfu s C u r r e n t P re v io u s
Week o r Mo Y ea r.
Y ea r.
Y e a r.
Y e a r.

$
$
9,293
A lton R y. G as & Elec. F e b r u a r y . 11,415
A m erican R’ys. Co. ft. M a rc h ...... 80,413 65,066
B ingham ton R R _ _ M a rc h ....... 14,610 14,137
_
B r’kl.yn Rap.Tx. C o.. J a n u a r y ,.. 996,825 917,750
8,636
Chicago A Mil. Elec.. M a rc h ...... 11,216
3,041
3,119
City Elec. (Rome.Ga.) M a rc h ... .
2,435
C lev.Chagrin F ’s E l’o. F e b ru a ry .
3,454
4,916
3,525
Cleveland & E astern . F e b r u a r y .
Cleveland E leotric .. M a rc h ...... 194,070 173,003
Oleve. E ly & W e s t... M a rc h ...... 22,071 17,425
7,807
Oieve. P alnsv. & E . . . F e b r u a r y .
8,918
8,870
D art. A W’p o rt St.Ry. M a rc h .......
7,880
Denver C ity T ra m .... F e b r u a r y . 112,6 6 6 98,402
1s t w k A pr 58,742 52,374
D etroit U n ited _ . . .
_
5,140
6,085
R apid R ailw ay ....... l s t w k A pr
Duluth-Sup. T ract. > M a rc h ....... 40,816 32,914
D uluth 8 t. R y .... \
E lgin A u ro ra & Sou M arch ___ 30,535 27,687
G alveston C i t y . . . . . . D ecem ber. 10,508
H& rrlsbarg T raction. F ebruary . 30,016 25,257
In te m a t’l T ra c tio n —
( B u f f a lo ) ........ . . . F eb ru ary .. 225,160 214,585
9,909
Lehigh T ractio n ........ M a rc h ...... 10,039
9,294
London St. Ry.(Can.) M a rc h ...... 10.23S
5,360
Mad. (Wls.) T raction. M a rc h ......
Mass. Elec. Co.’s . . . . . M a rc h ...... 410,000 382,000
M ontreal S tre e t R y .. F e b r u a r y . 133,645 127,612
5,357
M uscatine St. R y .... M a rc h ......
6,113
9,332
7,481
Sew C astle T raction. F eb ru ary .
M a rc h ....
3,311
New London St. R y ..
4,049
N orthern Ohio T ra c t. M a rc h ...... 51,204 41,674
3,835
Olean St. R y .............. M a rc h ......
3,994
5,756
O range Co. T ractio n . M a rc h .......
6,019
Philadelphia Co.f )
Oonsol.Tr.(Pitts.) > F e b ru a ry . 1,150,515 1,008,124
U nited Tr. (P itts .))
P o ttav ’e U nion T rac, M arch .___ 11,929 11,593
R ailw ays Co.Gen.—
R o a d s ....................... M a rc h ...... 17,460 13,642
L ight Go’s . . . . . . . . . . M a rc h .....
1,630
1,684
S acram ento E lectric
G as A R y . . . . . . . . . . . F e b ru a ry . 35,841 31,266
St. Lonls T ra n s it___ M aroh....... 500,117 461,352
Sohuylkill T ractio n . D ecem ber. 10,356 10,187
Sioux C ity T ra c t....... M a rc h ....... 18,446 15,427
S outhern Ohio T ract. M aroh___ 27,698 23,297
Tacom a Ry. & Pow er F eb ru ary . 28,378 24.299
Toledo Rys. & L ig h t. F eb ru ary . 99,950 89,079
Toronto R y................. Wk A pr. 5 32.545 29,505
Twin C ity R ap. Tran, F e b r u a r y . 244,781 215 580
Union (N. B edford).. M a rc h ....... 23,110 18,862
U nited T ra c tio n — ) M a rc h ...... 114,974
110,869
A lbany C ity )
U nited T ract. (Prov.) F e b r u a r y . 190,900 185,150

$
23,050
2 29,780
42,230
996,825
31,692
9,592

$
19,265
185,870
39,862
917,750
23,599
9,319

550,614
67,084
19,119
23,271
232,368
810,227
85,117
110,937
87,825

491,540
47,029
16,481
21,250
206,814
696,045
63,456
94,465
78,805

61,963

51,275

475,309 447,756
28,929
27,715
29,240
26,698
15,521
1,130,129 1,072,614
288,675 270.997
18,524
16,851
18,926
15,409
11,544
9,745
141,134 122,653
11,2 2 2
11,004
16,562
16,482
2,369,463 2,069,676
33,509

32,504

48,361
5,447

37,427
6,167

69,446
63,371
1,380 251 1,303,222
140,097 115,676
60,161
43,441
72,663
61.503
58,846
50,891
214,063 190,211
516,939
66,158
344,910
898,900

451,-854
54,801
315,968
375,699

ft These are re su lts fo r p ro p e rtie s ow ned.
J R esults now Inolude tb e P ittsb u rg R ailw ay Co., o p e ra tin g th e C on
solidated T raotion a n d a ll th e o th e r co n tro lled p ro p e rtie s in P ittsb u rg .

S t r e e t R a ilw a y N e t E a r n in g s .—I n t h e f o llo w in g w e sh o w
both th e g r o s s a n d th e n e t e a r n in g s to la te s t d a te s o f all S treet
ra ilw a y s fro m w h ic h w e h a v e b een a b le to p ro cu re m o n th ly
returns. A s in th e c a se o f th e stea m ro a d s, th e r e tu r n s o f th e
d ifferen t road s a re p u b lish ed by u s ea ch w e e k a s so o n as re 
c e iv e d , an d o n ce a m o n th (on th e th ir d o r th e fo u r th S a tu r
day o f th e m on th ) w e b r in g to g eth e r a ll th e r e a d s reporting*
as Is d o n e to -d a y .

THE

626
— C r o s s JS arn sY sgs . —

C urrent
Y e a r.

P re v io u s
Y e a r,

CHK0N1CLE.

---- N e l M a m m g s ,—
C u rren t

r a ilw a y s , in a d d itio n to th e ir g ro ss a n d n e t e a r n in g s g iv e n in
th e fo r e g o in g , a lso re p o r t c h a r g e s fo r in te r e s t, & c ., w i t h t h e
su rp lu s or d e fic it a b o v e or b e lo w th o s e c h a r g e s.

Buff. A W illiam sv. E lec.—
Ja n . 1 to M ar. 3 1 ....
Cin, Newp. & C ov...A lar.
J a n , 1 to M ar. 8 1 ....
C leveland E le c tric .J a m
C orn in g & P a in t’d P o s t Jam 1 to Alar. 3 1 . . .
O env’r C ity T ram w .F eb.
J a n . 1 to Feb. 2 8 . . . ,
E lg in A u ro ra A So.M ar,
J u n e 1 to M ar. 8 1 ....,
In te rn a tT T r, (Buff.)Feb.
Ja m 1 to Feb. 2 8 . . . .
L o n d o n S tre e t R y ..M a r.'
Ja n . 1 to M ar. S I . . . .
M id d let’n A Gosh. E lec.—
J a m 1 to M ar. 3 1 ....
M o n treal St. R y — Feb.
O c t 1 to Feb. 2 8 . . . .
N o rth e rn Ohio Trao. Alar,
J a n 1 to Alar. S i . . . .
P e n n Y a n K e u k a P .A B .—
J a n . 1 to Alar. 3 1 ___
S acram en to E le c tric G as
A R ailw ay Co....... Feb.
South. Ohio T ra c t..M a r.
M ay 1 to Alar. 31 —

* Z n t.,r e n ta ls ,e te , — < » B a t . o f N e t B a r n ’s , C u r r e n t P r e v io u s
P re v io u s
C u rren t
Y ear.
Y ear.
Y e a r,
Y e a r,
$
$
$
9

387
15,728
46,578
21,775

298
16,200
47,033
18,976

*88
12 ,6 6 6

29,372
60,300

*384
7,848
19,827
48,493

1 ,8 8 8

1,847
31,642
63,014
8,333
83,333
84,411
169,813
2,032
5,810

858
15,276
37,608
8,054
55,082
*3,548
*9,469
1,229
2,356

652
10,164
30,313
3,098
16,574
*32,388
*62,860
699
1,749

176 *def. 1,915
8,775
15,149
45,814
201,872
10,417
9,084
31,251
17,800

*def.806
81,184
219,438
6,684
12,845

32,621
05,647
8,333
83,333
94,276
192,289
2,313
6,561
194
14,581
74,211
12.500
37.500

t u t ., re n ta l* , e t o , ~
C u r r e n t P re v io u s
F e a r.
Y e a r,

P revio u s

Y ear,
fe a r .
Moods,
#
«
*
%
4,991
8,981
9,293
A lto n Ry. G as A E l.F eb.
11,415
40,158
81,272
Ju ly 1 Co Feb. 2 8 » ...
94,533
44,978
47,612
65,063
A m er. L ight & T rao.Feb.
29,013
A m erican IlalAw’ys.Nov.
23,254
169,313
187,889
Ju ly ' 1 tfo Nov. 3 0 _
_
5,530
14,610
6,400
14,137
B in g h a m to n KR.t». V ir.
I
38,459
92,461
36,553
84,902
Oct. 1 to M ar. 3I , , »,
B ro o k ly n Rap, T r .a Jan .
917,750
212,464
253,857
996,825
7,533,758 7,055,707 2,283,521 2,489,762
J u ly 1 to Jam 31
Buff. & W illiam sv. Elec. —
182
491
Ja m 1 to M ar. 8 1 ....
2,579
2,370
11,216
8,636
5,030
2,829
Ohio. A Mllw. E lec.M ar.
81,692
23,509
6,569
13,987
Ja m 1 to M ar. 31
24.048
69,999
28,392
63,946
Olm Newp. & Oov.. Mar.
75,950
179,615
6 0 ’80O
198,147
Jam 1 to M ar. 3 i . . . ,
358
8,041
105
3,119
C ity E le c t R om e,G a) Mar.
9,319
1,156
1,918
9,592
Jam 1 to M ar, 8 1 ....
2,435
1,199
3.454
def.581
Cl. A Ohag. F. E lec..F eb .
1,300
def.512
3,525
Olev. A E a s te r n __ Feb.
4,916
188,082
166,732
82,075
67,469
C lev elan d E le c .a . . Ja m
0,589
22,071
17,425
9,102
Olev. E ly ria A W est.M ar.
18,715
13,150
47,029
Ja m 1 to Alar. § L . . .
57,084
3,025
2,881
O lev .P aln esv .A E .aF eb .
8,918
7,807
16,481
19,119
6,805
0,118
Ja m 1 to-F eb. 2 8 _
_
C orn in g A; P a in t’d P o s t Jam 1 to M ar. 3 1 ___
7,742
7,084
2,746
2,499
112 ,6 6 6
47,896
D env, c i t y T r,m w ...F eb,
98,402
41,806
232,868
206,814
103,816
Ja m 1 to Feb. 2 3 ___
93,327
114,843
101,636
267,718
De tr o lt U niied . a . . . M ar.
226,677
315,830
751,485
277,929
643,071
J a m 1 to M ar. 3 1 . . . .
7,298
24,041
R ap id R ailw a y ,a .F e b .
54,034
18,488
Ja m 1 to Feb.
D uluth-S up. T ra e ..F e b .
33,419
12,639
29,303
10,408
70,121
61,551
Ja m l to Feb. v.8 _
26,181
23,160
_
30,535
E lg in A u ro ra A 8 o...M ar.
27,687
11,431
11,387
314,491
274,349
138,415
J u n e 1 to Alar. 31 ..
99,907
30,016
25,257
8,866
H a r r ls b ’g T r a c t’m .F e b .
11,919
61,963
23,415
Ja m 1 to Feb. 2 8 ___
51,275
18,184
92,240
225,160
96,312
I n te r n ’l T r. (B uff.)..Feb.
214,585
475,309
Ja m 1 to Feb. 2 8 ....
447,756
189,729
206,226
L eh ig h T r a c tio n _ M ar.
_
10,039
9,909
3,505
6,394
28,929
27,713
12,114
Ja m 1 to M ar. 3 1 ....
9,485
L ond. 8 t.R y . (C an.).. Alar.
9,294
3,542
10,233
2,731
29,216
26,696
8,917
Ja m 1 to M ar. S i . . . .
7,559
M adison T ra c tio n ..M a r.
5,360
1 ,1 1 0
15,521
J a n . 1 to M ar. 8 1 ....
2,233
A Ilddlet’n & G o s h , E le c .—
7,114
Ja m 1 to Alar. 3 1 ___
7,330 def.1.858
def.773
133,645
29,730
M o n treal 8 t. R y _ Feb.
_
127,612
39,958
767,844
726,528
Oct. 1 to Feb. 28 . . .
276,082
265,251
6,113
M uscatine St. R y ...A !a r.
5,357
1,984
def.603
18,524
Ja m 1 to M ar. 3 1 —
10,851
5,282 def.1,186
N ew C a stle T r a c t.. Feb.
9,332
7,481
2,662
810
4,049
3,311
103
N ew L ondon St. Ry.AIar.
513
55,195
2 0 ,0 1 0
J u ly 1 to M ar. 3 1 —
49.565
16,119
51,204
N o rth e rn Ohio T rao.M ar.
41,674
21,584
17,101
141,134
122,653
54,800
Ja m 1 to M ar. 3 1 ....
44,096
3,994
3,835
1,792
1,584
C le a n S tre e t R y — Alar.
1 1 ,2 2 2
3,572
11,004
4,918
Ja m 1 to M ar. 3 1 . . . .
6,019
5,756
O ran g e Co. T ra o _ M ar.
_
1,641
1,528
76,354
J u ly 1 to M ar. 3 1 . . . .
73,035
29,186
38,157
P e n n Y an K e u k a P .A B.—
2,745
2,669
Ja n . 1 to M ar. 3 1 ___
def.157
def.470
P h ila d e lp h ia C om pany—See s ta te m e n t V. 74, p. 625.
S a c ra m e n to E le c tric G as
35,841
31,266
A R a ilw a y Co.......Feb.
18,414
17,718
27,698
23,297
S o u th . Ohio T ra c t..A la r.
12,658
9,835
M ay 1 to M ar. 3 1 . . . .
325,371
280,174
154,250
127,822
T acom a R y. & P .—
294,132
378,921
Ja m 1 to Deo. 3 1 . . . .
122,287
72,945
Toledo R ys. A L t.a .F e b .
99,950
89,079
47,427
44,117
T w in C ity R ap. T r.b F e b .
244,781
215,580
124,509
109,118
516,939
451,854
230,169
Ja n . 1 to Feb. 2 8 . . . .
204,248
I n t e r e s t C h a r g e s a n d S u r p lu s .— The f o llo w in g S treet

H oads.

[Vo l ,

1,887

2,148

def. 2,044

def.2,618

11,955
7,500
82,500

9,345
7,500
82,500

6,459
5,158
71,750

8,373
2,335
45,322

Roads

Toledo Rya. A Light. Fob,
Tw in C ity R a p .T r,.,F e b .
Ja n , 1 to Feb. 2 8 .. .

s
87,838
76,017
152,034

24*271
70,190
141,029

l x x iv .

- H a l, o f N e t B a r n ’s ,- ,
C u r r e n t P re v io u s
Y e a r.
Y e a r.

9,584
48,492
112,214

$
19,846
88,919
89,140

* After allowing tor other income received.

ANNUAL

REPORTS.

Annual Reports.—The following is an index to all annual
reports of steam railroads, street, railways and miscellaneous
companies which have been published since the last editions
of the I nvestors’ and Street R ailway Supplements.
e l u l k o a d s , e t c .—
P age.
A la, C onsol. C oal & I r o n
. . . . — 124
A m e ric a n B e e t S u g a r ....... ......
723
A m e r. C ereal (bal. s h e e t D ec. 81)., 774
A m e ric a n L is t. T e l. Co. o f L . Y ..,. 208
A m e ric a n H id e & L e a t h e r ............... 865
A m e ric a n I c e .......................
575
A m er. I r o n & S te el M fg ...................... 575
678
A m e ric a n R a d ia to r .........................
A m e ric a n Snuff.....................
520
A m e ric a u S tra w b o a rd .................
875
A m e ric a n S u g a r R e fin in g ................ 628
A m e ric a n T e le p h . & T e l e g r a p h ..., 628
A m e ric a n T o b a c c o ............................... 575
A m e ric a n W o o le n ..
............. 527, 884
A m e ric a n W ritin g P a p e r ....... .......... 575
A s so c ia te d M e rc h a n ts ............
476
A te h . T o p . & S a n ta P e (6 m o s.).. . 323
B a lt. & O hio (a p p lie . t o l is t P „ L.
E. A W . V a. S y s te m r e f . b o n d s ).. 388
B a y S ta te G a s ...............
723
C a m b ria S te e l (2RJ m o s.)................... 824
C e n tra l H R . o f New J e rse y * _ 578, 580
_
C hicago J u n c t io n Ity s . & U n io n
S to c k Y a rd s .......................................... 476
C hic. M inn. S t. P a u l & O m a h a ........ 037
C hicago P e o r ia & S t. L o u is ___. . . . 823
C hicago T e le p h o n e ............................... 527
C h o c ta w O ld a h a m a & G u i f ., ........... 208
Col. F u e l & Iro n ( s t a te m e n t to
N. Y. S to c k E x c h a n g e ) .................. 781
C o m m e r :lal C a b le ................................. 527
C o n so lid a te d G as Co. o f N. Y - ........ 266
C o n so lid a tio n C o a l....... ...................... 724
C o n tin e n ta l T o b a c c o ............................ 576
D e law a re & H ad ao D ............................. 476
D e la w a re L ack . & W e s te r n ............. 474
D ia m o n d M a tc h .................................
324
D istillin g Co. o f A m e ric a ............... 324
E le c tric Co. o f A m e ric a ................... 325
E le c tric S to ra g e B a t t e r y ................... 677
F o r t W o rth & D e n v e r C ity ............... 675
G e n e ra l C h e m ic a l .
825
G en. B le c rrie (b a l. s h e e t D ec. 3 1 ).. 724
G o ttlie o - B a u e r a - S tr a u s B re w in g .. 725
G ra n d R a p id s & I n d i a n a .................. 070
G re e n B ay & W e s t e r n ........................ 078
G u lf & S h ip Is la n d (b a l. s h e e t o f
O ct. 31, 1901)........................................ 426
H u n t. & B r. T o p M tn . R E . & C oal. 728
I n t e r n a ti o n a l S ilv e r.........................
774

R a i l r o a d s , E m —(C on.)—
P aae
K n ic k e rb o c k e r I c e Co. o f C hicago. 376
L e h ig h C oal A N a v ig a tio n .............. 627
L e h ig h V a lle y .............................
208
L e lilg h A W ilk e s h a rre ........................ 673
M a ry la n d C o a l...................................... 476
M e x ic a n I n t e r n a ti o n a l ............772, 783
M isso u ri P a c ific ........................................ 678
M o n o iig a h e la R iv e r C o n s o lid a te d
C oal & C o k e ......................... . ..» ___ _ 205
N a tio n a l B is o u it..................
425
N a tio n a l C a rb o n .................................... 470
N a tio n a l L e a d ....................................... 425
N a tio n a l S a lt...............
678
N ile s R em eu t- P o n d C o ... ..
.. 82S
473
N o r th e rn C e n tr a l.........................
O tis E le v a to r ................................... 028
P e n n s y lv a n ia R R ........................ 625, 631
P e n n s y lv a n ia C o m p a n y ................... 625
l 'e r e M a r q u e tte R R ........................... 822
P e o p le 's G as L ig h t A C o k e ............... 879
P h ila d e lp h ia & E r i e . ........................... 620
P h ila d e lp h ia W llm . & B a ltim o r e .. 620
P i t ts . Cin. C hic. & S t. L .. ..722, 772, 779
P itts b u r g C o a l............. .......................... 870
P itts b u r g P l a te G la s s ............. ............ 725
Q uincy M in in g ....................................
370
R e p u b lic Iro n & S t e e l ........................ 325
P re ss e d S te e l C a r...................
203
R u b b e r G o o d s M a n ’f ’g
............... 774
S an F ra n c is c o G a s & E l e c t r i c . . . . . . 478
S e a b o a rd A ir L i n e ......... .......
773
S lo ss-S h efflel(t S te e l & Ir o n . ...6 2 7 , 088
S o u th e rn IndT ana (6 m o n th s ) ......... 670
S o u th e rn N ew E n g la n d T e le p h o n e 476
S ta n le y E le c . M fg. Co...................
725
T e x a s & P a c if ic ...................................... 026
T e x a s - P a c il i ; L a n d T r u s t ................. 725
U n io n B a g & P a p e r
...................... 774
U n io n S w itc h & S ig n a l........................ 078
U n ite d S t a te s E n v e lo p e .................... 078
U n ite d S ta te s L e a t h e r . ..................... 477
U . 8. S te e l C o r p o r a tio n ... .206. 872, 726
W e s te r n M a ry la n d ............................... 070
St r e b t R a i l w a y s —
P age.
C aD ltal T r a c tio n (W a sh ., D . C.)___ 723
M ilw a u k e e E le c tr ic R y . & L i g h t .. . 425
N o r th J e r s e y S t r e e t ............................. 677
S t. L o u is T r a n s i t .................................. 677

M e x ic a n N a t io n a l R a ilr o a d .

{Report for the year ending Dee. 31, 1901.)
T he a n n u a l rep ort o f P r e sid e n t R a o u l w ill be fo u n d on pages

834 and 835 o f to d a y ’s Chronicle . C ap tain R a o u l says:
“ The a c c o u n ts for th is year h a v e b een k ep t in M ex ica n c u r 
ren cy and co n v erted a t t h e a c tu a l ra te o f e x c h a n g e , th u s re
p lacin g th e sy ste m o f an a rb itra ry ra te h ereto fo re u sed for
co n v en ien ce o f b ook k eep in g . A s a c o n seq u en ce o f th is
ch an ge, no co m p arison s o f o p era tin g r e su lts o f th is y ea r w ith
la st, e x c e p t as t o g r o ss e a r n in g s, w o u ld be u s e fu l, a n d th e y
are th erefore o m itte d .”
B e lo w are th e e a r n in g s and e x p e n se s in d e ta il:
EARNINGS AND EX PEN SES (M EXICAN CURRENCY ).

E a r n in g s —

F re ig h t........... .....$ 5 ,6 5 8 ,1 3 3
P assen g er an d m a i l .... 1,47/1,955
E x p re s s ....... ...................
417,175
T eleg rap h ..........
12,429
M iscellaneous..............
164,835

E xpenses—

M aintenance ol w ay &
s tr u c tu r e s .................... $858,232
M ain t'e of e q u ip m e n t..
822.56S
C onducting tra n s p o r’n. 2,759,860
G e n e ra l...........................
360,672

T o t a l .................... ..$ 7 ,7 2 4 ,5 2 6 I
T o ta l.................... ....$ 4 ,8 0 1 ,3 3 3
N et e a rn in g s (M exican c u rre n c y )...............................................$2,923,193
N et earn in g s (U. S. c u rre n c y ).................................. ...................... 1,410,198

The payments from income are given in the President’s re
port on another page.
BALANCE SHEET DEC. 31, 1901 (U. S. CURRENCY).

A ssets—

RR. fran ch ises a n d o th e r p ro p e rty , in ch b onds, stocks, etc.$75,290,213
U ru ap an e x te n sio n ........................................................................
381,007
E x p e n d itu re , ch ange of g au g e a n d co n st’n E l S alto e x te n .
26,361
2 d M. “ A” bonds, cu m u lativ e in te re s t (p er c o n t r a ) ............
8,089,725
T reasu ry secu rities
115,157
M aterials an d su p p lie s..................
847,776
A gents a n d co n d u c to rs. . . . . . . . . . .
126,477
F oreign ro ad s — ............................
58,353
Bills rece iv a b le ..................... .
22,422
S tate of M i o h o a e a n ...............
56,364
M iscellaneous..................................
74,836
In s u ra n e e prem ium s, u n e x p ire d
27,638
Cash in b a n k an d on h a n d ........
342,005
Adj ustm e nt a c c o u n t......................
171,640
T o ta l............................................. .............................. .............. $35,029,973

L ia b ilitie s —

C apital sto c k ....... ....... ........ .......................... . ..» ___ ..........,$ 3 3 ,8 5 0 ,0 0 0
M ortgage deb t (see I n v e s t o r s ’ S u p p l e m e n t ) , . . . . ........... 42,358,000
C um ulative in te re s t on 2d M. “A ” bonda (per c o n t r a ) ...... 8,039,725
In te re s t on m o rtg ag e debt...
66,263
A udited v o u c h e rs ............ ..............................................................
110,158
Pay r o l l s . . . ............................. ..
............ ..................... .
98,526
F oreign r o a d s ............ ........... „ ...» ...... ........................................
51,310
Locom oti ve re n ta l n o te s..................................... ........................
78,074
A ir-brake n o t e s ------ ............. .......................................................
33,600
Mlohoaoau < Pacific R a ilro a d Co. (sp ecial). . . . . . . ________
fo
11,486
1 0 8 ,4 /0
M iscellaneous......................... ........ . . . . . . __________
H o sp ital fu n d .................................................................. ............. .
1 0 ,1 1 1
L oan from b a n k e rs_ . . . ....... ..............................................., ......
_
175,000
499,250
N et rev en u e acco u n t (balance)....... ......... ................................
T o ta l.......... .
-V . 74, p. 630.

,$85,039,97 8

A prit -. 19, 1902.]

THK CHRONICLE

Lake Erie & Western Railroad (Jo.

( Report for the year ending Dec. 31, 1.901.)
P resid en t W . H. N ew m an says in substance:
G eneral R e s u l t s —I ii com parison w ith th e results or the previous
year, the gross earn in g s from operation increased $57,492; the total
expenditures, including taxes, construction, betterm ents and ordinary
operating expenses, Increased $308,488. The freig ht traitlo shows an
increase of ft 70 per cen t In tonnage; the earnings per ton per mile an
increase of 010 of a cent, and the gross receipts from tills source an In
crease of 3'17 per cent. The passenger trallic shows an Increase of
3-20 per cent in th e num ber of passengers carried, an increase of 4-84
per cent in earniugs.
. ,
The ratio of expen sea to earnings during year., including betterm ents,
w as 74-78 p er cent, against 08-86 per cent for the previous year. Exeluding the item s of ta x e s and betterm ents, th e o p e ratin g ex p en so s for
1901 were 02-15 per cent and for the previous year 50-84 per cent of
the gross earnings. All expenditures during 1901 for additions and
b etterm en ts have been charged to o p erating expenses.
The work of im proving the property is steadily progressing. A r
rangem ents have been made to re-lay with new 75-pound rails 05 miles
of m ain line track, and to oontinue th e b a lla stin g a n d o th e r bottorm ent
and construction w ork during the eneuing year. Tow ards these objects
the directors have ap propriated $200,000 o u t of the balance rem aining
to the oredit of inoome account a t the end of th e year, and this am ount
has been oredlted to “ special im provem ent fund,” as appears by the
balance sheet herew ith.
'
_
,
I m p r o v e m e n t s , E tc .—Main line track aggregating 112 miles w ere
renew ed w ith new 76-pound steel rail; 211 m iles w ere ballasted w ith
gravel; 14 miles of new sidings w eiohnilt; 2-40 m iles of sidings w ere re
moved, and 347,027 orosB-ties and 222 sets of switoh-ties were laid.
A senaration of grades was m ade a t th e crossing of the P ittsb u rg Cin
cinnati Chicago & St. Louis Ry.~ a t H artfo rd City, Ind. Forty-oight
aores of land w ere purchased a t Indianapolis, Ind., upon which to
build additional yard tracks. One steel-girder bridge, 34 feet long,
was built, replaoing an old stru ctu re. One wooden trestle and eight
new iron pipe culverts were p u t In for new openings, and 55 wooden
culverts and wooden trestles w ere replaced w ith east iron pipe; 23
wooden tre stle s w ere renew ed, etc., etc.

Statistics, Etc.—The earnings, expenses, etc., for three
years past anti th e balance sheets of Dec. 81 com pare as b elo w :
OPERATIONS, EARNINGS, EXPENSES AND CHARGES.

1900.
1899.
O perations—
1901.
725
887
Miles operated Dec. 31.................
887
1,815,924
1,579,640
Passengers c a rrie d .......................
1,874,091
Passenger m ileage......................... 56,441,115 53,081,916 47,023,L18
1-99 ots.
1-94 Ots.
R ate p er passenger p er m ile....... 1-96 ots.
$0-7583
E arnings p. paes’ger tra in m ile. $0-7566
2.750R47
3,208,246
F reig h t (tons) m oved.................... 3,393,168
F reig h t (tons) m ileage................. 504,536,990 501,431,823 431,327,549
0-619 Cts.
0-599 Cts.
A verage ra te p er to n per m ile ... 0 635 cts.
$1-71459
............
E arnings p er freight tra in m ile.. $1-80002

827

The com pany owns o u trig h t or controls, now In operation:
,-----------M iles. -----------,
El Paso A N ortheastern Ry ........................-........

A lam ogordo & S a c ra m e n to M ountain R y..........

El Paso A Rock Island Ry......................................

M ain line.

164
27*a
180

S p u rs, etc.

32
2^
9

T otal..........
.................................................
321 ^
4 iih
Equipm ent: 27 locomotives, 205 coal cars, 75 box cars, 25 fiat cars,
8 passenger cars, 8 cabooses, 4 excursion cars ami 13 tank cars. Ad
dif,tonal equipm ent ordered and now being built: 21 locom otives, 300
forty ton steel coal oars, 40 box oars, lO steel w ater oars, 10 cabooses,
3 com bination oars and 4 p assenger coaches.
Operation of the El Paso & N orth eastern Ry. commenced .Jan. 1,
18D9, with b u t one-half th e line com pleted, and from the fin-i earned
more than sulllotent t.0 pay Interest on the bonds then outstanding,
ing. Hlnce com pletion of the road th e earnings have been very sa tis
factory and will be m aterially increased by th e through business
from the Rook Island connection and the Dawson coal mines.

The com pany, ow n in g o u trig h t a ll th e secu rities of th e E l
Paso & N ortheastern R y. and R R . com panies and o f th e
New M exico F u el C o., is en titled to all th e n e t earnin gs of
those com panies, w h ich co n stitu te a t th is tim e its gross in 
com e. T h is incom e w ill be su b seq u en tly affected by such
dividends as m ay be earned on th e stock of th e E l Paso &
R ock Island R y. Co., of w h ich th is com pany o w n s G per
O
cen t, and on th e stock of the Dawson R y. & Coal Co., of
w h ich it ow n s 51 per cent.
The earnin gs of th e subordinate com p anies and th e r e 
su ltin g incom e and th e in terest charge of the N e w M exico
R y. & Coal Co. are as follow s:
EAENINGS OF SUBORDINATE COMPANIES AND INTEREST CHARGE OF
PARENT COMPANY.

Tear.
Tear.
6 m os.
Total,
1900-01. 1899-00.
1899.
years.
Gross earnings sub. cos_ $821,518 $345,368 $69,152 $1,235,937
_
O perat’g expenses & tax es. 435,828 122,108 36,866
594,700

N et earnings sub. co’s $385,690 $223,260 $32,286
New Mexico Ry.& Coal Co.—
In te re st on b o n d s..........
144,121
113,814
25,700
B alance, su rp lu s........... $241,569 $109,446
- V . 74, p .7 7 6 .

$6,586

$641,237
283,636
$357,602

Panama Railroad.

{Report for the year ending Dec. 31, 1901.)

P resident J . E dw ard Sim m ons says in substance :
General Results.—The past year w a s one o f m arked a c tiv 
ity in the com pany’s affairs. O w ing to th e severance o f re
E a rn in g s—
$929,050 lations w ith th e P acific M ail Steam ship Co., th e com pany p u t
P assen g er......................................... $1,107,932 $1,056,743
F re ig h t.....................................
$3,201,461 $3,102,975 $2,581,994 on a line of chartered v essels b etw een P anam a and San F ran 
315,994
276,257
Mail, express, e to ...........................
223,811
cisco d irect, to m ain tain its coastw ise traffic ; charters at th e
Total earn in g s......................... $4,533,204 $4,475,712 $3,787,301 outset w ere difficult to ob tain and very expensive, but later
O perating expenses —
$943,931
$483,472 better conditions prevailed ; th e vo lu m e o f coastw ise traffic
$869,537
M aintenance of w ay......................
523,182
428,894
M aintenance of equ ip m en t.........
373,579 was m aterially increased during th e year, b u t th e very large
1,578,538
1,392,853
1,158,069 outlay required to charter, ships on both oceans w as burden
T ransp o rtatio n ex p en ses.........
137,168
182,990 som e, and represented in terest on a cap ital su m , w h ich had
192,689
G eneral..................... -........ ............
206,983
197,335
195,879
T a x e s ...............................................
it been applied b y th e com pany to th e construction o f new
T o ta l........................................... $3,389,802 $3,081,313 $2,393,990 vessels, w ou ld have m ade th e business h ig h ly rem un erative.
The resu lt of th e “ open d o o r” p olicy has not been as re
R atio of expenses to e a rn in g s... (74*78 p. c.) (68-85 p. c.) (63-27 p.c.)
$1,143,403 $1,394,399 $1,393,311 m unerative as desired, and th e directors are con sid erin g
N et earnings...............
O ther inoome...............................
30,543
changes in e x istin g traffic arrangem ents and connections at
T otal incom e............................. $1,173,946 $1,394,399 $1,393,311 Panam a. (See V. 72, p. 773.)
The com pany’s business w a s ad versely affected by p o litica l
D educt—
$543,750 disturbances on th e Isth m u s, T h e prolonged labor strike in
$543,750
In te re st on lBt m ortgage bonds.
$543,750
105,000 San F rancisco and a m aterially reduced coffee o u tp u t in
125,000
In te re s t on N. O. bonds...............
125,000
473,600
D ividend on p referred stock (4 p. c.) 473,600
C entral A m erica and M exico during th e season o f 1900-1901
also considerably affected net earnings.
T o ta l.......................................... $1,142,350 $1,142,350 $618,750
Improvements,—A divid en d of 2 per cen t w as paid in
$31,586
$252,049 *$744,561
U urplus............................................
M arch 1901. Since th e declaration of th e previous divid en d
*Of th is th ere w as expended for new equipm ent $543,417.
in January, 1893, in addition to th e paym ent of $250,000 a n 
BALANCE SHEET DEC. 31.
n u ally to th e Colom bian G overnm ent, and the redem ption of
1901.
1901.
1900.
1900.
$561,000 of th e com p any’s
per cen t first m ortgage bonds
Liabilities—
-I
$
Assets—
%
*
Capital stock......... 23,680,000 23,680,000 out of gross earnin gs, th e n e t earnings of the com pany
Road and equip31,659,327 34,659,337 Bonded debt (see
m ent.................
per c e n t- upon the capital
l x VESP. SUPP.).. 10,875.00010,875,000 am ounted to $2,072,359, or
250.907
Mater’als on hand. 218,350
Accrued in terest..
306,950 308,225 stock. Of th is sum th e directors have applied to th e develop
Stocks and bonds
135,000 Accounts payable.
146,430 175,109
1)0,000
owned..................
33,701 Unpaid wages........ 143,484
32,573
143,643 m ent and perm anent im provem ent o f th e property, in ex cess
Taxes................. .
Dividends payable
236,800 236,800 of the am ount of the dividend paid in March la st, $1,755,509,
Due from agents
221,157
227,856 I n v e s t m e n t s in
and railroads......
9,777
15,100
stocks & bonds...
110.C00 135,000 in the purchase and betterm en t of its steam ship s and floating
Acc’nts receivable.
34,287
36,169 M iscellaneous.......
68,821
36,881 equipm ent, th e construction of th e L a B oca P ier, P ort and
Miscellaneous........
Cash on band and
Special lmprovem’t
fund.....................
1.011,599 1,044,940
200,000
.... T erm inal, th e acq u isition and restoration of dredging outfit,
in tr ansit.............
1,558 A ssets over liabils.
645,496 813,900 th e in stallation of electric lig h t and ice p lants, etc,, etc.
Suspense account. 105,913
La Boca Terminals,—The port and term in al a t L a Boca
Total........... ... .36,402,981 36,404,569
Total.................. 36,402,981 36,404,559
—V. 73, p. 1260.
h avin g been com p leted and opened to com m erce on Jan , 1,
1901, its construction accou n t w as closed, sh o w in g a to ta l
New Mexico Railway & Coal Co,
co st’of $2,148,304, and th a to n tla y w as capitalized in to th e com 
( Report for period ending June 30, 1901.)
pany’s
per cen t first m ortgage 20-year gold bonds a u 
P resid en t C. D . Sim pson says in part:
th orized for th at purpose. A s contem plated by contracts
Construction of th e El Paso & Rook Islan d Ry. w as commenced In b etw een th e com panies, a lease has been affected, from the
Feb., 1901, and com pleted Feb 1, 1902, on which date connection
was m ade a t Santa Rosa w ith th e extension of th e Chicago Rock Isl Canal Com pany, of th e L a B oca B ranch R R ., and ad jo in in g
and & Pacific Ry., thus establishing a through line from El Paso to lands necessary for th e operation o f th e term in al during the
K ansas Olty and Chicago, m aking th e sh o rtest existing route from life of the railroad com p any’s concession, or u n til 1966, upon
K ansas City to Southern California, A rizona, E l Paso and Mexico m u tu ally satisfactory term s. There is now under co n sid era 
Work Is being vigorously pushed on th e railro ad of the Dawson Ry.
< Coal Co., and It is expected th a t th e portion of It from the mines tion a fu rth er increase of th e fa cilities of the L a B oca P ie r,
fe
n ear Dawson, N. M., to the A tchison Topeka & S anta Fe RR., will be in order to m ore exp ed itiou sly hand le the in creasin g tonnage.
com pleted M arch, 1202, and the en tire line, 135 miles in length, to
Statistics. —The earnings and incom e a ccou n t have beenL iberty Ju n ctio n , by Nov. 1,1902.
The largely increased business accruing to the lines of railroad from
th e connection with th e Chicago Rook Island 0c Pacific ana the Daw
son properties has necessitated a large expenditure for Improve
m ents and additional equipm ent, to provide f unds for which it was
deemed expedient for m e New Mexloo Railw ay & Coal Co. to author
Ize an Issue of $5,000,000 first and consolidated m ortgage and col
lateral tru s t 50-year 5 p er cent gold bonds, dated Got. I, 1901, and
secured by a m ortgage or deed of tru s t to the Colonial T ru st C>.,
trustee. Of th is issue $3,000,000 are reserved in the hands of the
tru ste e for th e purpose of exchange a t par, with Interest adjusted, for
the $3,000,000 first m ortgage bonds heretofore Issued and outstanding,
dated Oct. 1,18 9 7 , and $2,000,000 are to be sold as required for the
im provem ent and equipm ent of th e p ro p erties owned by this com
pany.

EARNINGS, EXPENSES AND CHARGES.

1901.
1900.
$
$
Passengers,..................... ,
92,810
92,904
F reight and tre a su re
1,215,326 1,127,321
M alls..................................
57,034
50,770
R a ilro a d ea rn in g s—

1899,
$
76,088
976,408
46,520

1898.
$
98,270
963.247
44,912

Total railroad earn s. 1,365,170 1,270,995 1,098,966 1,106,459
Panama RR. 8B. L ine... 1,832,673
9 8 2 ,0 6 2 * 762,470
620,184
Total earnings............ 2,697,843 2,253,057 1,861,430 1,726,643
498,865
402,136
333,605
416,237
Add other reoelpfcs.........
T o tal........................... 3,196,708 2,655,193 2,195,041

2,142,880

THE OHROMWL.E.

828
1901.
$
40,378
373,023
116,520
95,842

1900,
$
40,216
309,317
116,519
95,811

1890.
$
42,090
278,961
71,27 0
95,421

1898.
$
41,036
259,887
60,910
129,595

Total HR, oper. exp.,
625,263
ir'biittiua K-K. feS. op. BXp. 1,470,018
J o in t HK, and Sd. 6 £ p ,..
333,897

562,063
844,176
321,185

487,741
579,830
274,812

500,437
501,072
276,183

O p e ra tin g 6xp6n8H8—

ejcy. on Ittiiiiiius.
Conducting transport’n.
M alut. of eq u ip m en t. . . .
w ay and sw u et’a.

T o t a l .,.,. . . . . . . . . . . . . 2,435,208 1,727,404 1,342,381 1,277,098
852,660
805,188
Net earn in gs.............. .
761,500
927,789
C harges —

Bub. to Rep. of Colombia.
Redemption of b o n d s...
lu u o n subsidy b o n d s,...
“ i s t mort. bonds,.
M iscellaneous....... .........

25,000
291,240
80,760
70,200
31,712

25,000
286,080
88,920
75,026
5,100

25,000
278,340
96,660
80,415
77,011

25,000
271,080
103,920
85,241
113,200

T o ta l...................
Balance, su r p lu s* ....___

501,912
259,588

481,026
446,763

557,426
295,234

598,441
266,749

* A “ special"’ dividend of 2 per cent (first since 1893) w as p a id
March 2 5 ,1 9 0 1 .
CONDENSED B A L A N C E S H E E T D E C E M B E R 31.
1901.
1900.
1899.

1898,
$
$
$
$
“
Road, equipm ent, & o... .12,552,501 12,148,199 11,962,634 11,806,579
135,149
C o a l and su p p lies_ ....
_
175,251
161,276
158,549
215,357
250,242
A ccounts receiv a b le.___
255,617
211,885
13,264
12,691
Sinking fu n d ....................
31,000
18,648
840,024
888,006
681,328
O asb............ .
...............
434,420
Adv’ce sub. toR ep.of Ool. 1,202,000 1,346,000 1,482,000 1,611,000
Bonds in trea su ry........... 1,104,038 1,129,037 1,186,980 1,232,000
129,598
Impt. and eons, account
119,030
75,899
95,772
M iscellaneous..........
81,898
A ssets —

T o ta l................ ...

15,963,495 15,991,546 16,032,301 15,766,531

L ia b ilitie s —

C ap ital s to c k ............
7,000,000 7,000,000
F un d ed d e b t............
3,603,000 3,888.010
133,588
F u n d to red eem b o n d s ..
185,163
A ccrued i n t e r e s t . . . . ___
29,188
33,517
Isth m u s d ra fts u n p re s ’d .
26,987
33,619
1,765
O verdue c o u p o n s ........
5,643
67,750
A udited v o u c h e r s . . . . . . . .
52,158
D ue lo r te n n ’i a t L a B oca
929,812
911,569
53,905
M iscellaneous a c co u n ts.
71.199
Bal. to p ro fit a n d l o s s . . . 4,110,345 3,867,332

7,000,000
4,163,000
182,486
34,654
21.963
3,235
57,429
1,179,925
49,211
3,390,399

7,000,000
4,445,000
132,357

37,024

21,351
5,188
30,326
1,098,618
25,270
2,971,449

T o ta l................... ......1 5 ,9 6 3 ,4 9 5 15,991,546 16,032,301 15,766,531
—y . 74, p. 95.

M etropolitan West Side Elevated RR. of Chicago.
(Report for year ended Feb. 28, 1902.)

President MacAllister says in substance :

[VOL. LXXIV.
j

BALANCE SH EET
1902.
1901,
$
$
R oad a n d e q u ip ... 28.018,670 25,974,970
B onds in tre a s u ry , 192,000
192,000
l ’fd . s to c k in tre 'y .
291,900
201,900
A ssets—

S ecu rities w i t h
c o m m itte e ..._
_

C a s h ........... ...........
M a t e r i a l s ..................
A-oets. re c e iv a b le .
E x te u . D oug. P a rk
H ue & G faiflela
P a r k l in e ..............

28,461
881,797
21,728
54,962

28,461
248,421
28,567
23,904

100,205

174,784

T o ta l - .......... ..,27,087,003 80,053,010
-V . 74, p. 677, 628.

28.

FEBRUA RY

Liabilities —

1903,

1901.

$

$

P r e f e r r e d s t o c k ... 9,,000,090 9,000,000
C o m m o n s to c k ...... 7, 600,000 7,500,000
B o n d s ...................... 10 , 000,000 10,000,000
101,000
C o u p o n s u n p a id ...
107,500
82,693
32,094
I n t.a o o r ’d, n o t d u e
118,041
86,621
A c cts. p a y a b l e .,...
129,874
43,937
T a x e s a c c ru e d .......
180,705
D iv a . u n c a lle d fo r.
87,107
4,082
U n u s e d in s u ra n c e .
29,270
446
Un e a r n ’d p a ss bal..
31,838
54,089
P ro fit a n d lo s s ........

on

T o ta l,

.27,087,603 20,958,016

Louisville (Ky.) Railway Company.
( Report for the year ending Dec. 31, 1901.)
President Miiiary says in substance:

On A pril 1 5 th e d ire c to rs sold $200,000 of th e 4 ^ per oen t second
m o rtg ag e bonds, fo r w hich $218,423 w as receiv ed , th is, w ith o th e r
funds av ailab le, m ak in g th e to ta l e x p e n d itu re s fo r th e y e a r In b e tte r 
m en ts and Im provem ents $338,915. The m ost im p o rta n t of th e se
were: A ddition to pow er-house, th e In sta lla tio n of new boilers, engines
an d g en erato r; th e ch an g in g of th e O rescen t H ill R ailw ay to eleetrlo ity , building doable tra c k s to Jao o b P ark , e x te n sio n of th e P re sto n
S tre e t line, p u rch ase of real e sta te , a n d o th e r im o ro v em en ts of less
Im portance. W ith th e change of th e O rescent H ill line, h o rse oars
w ere num b ered w ith th e th in g s of th e p a s t in o u r city , th u s c o m p let
in g im p ro v em en ts th a t h av e consum ed considerable tim e a n d co st
ab o u t $4,000,000.
D uring tb e y e a r a c o n tra c t w as e n te re d in to w ith th e L ouisville
A nchorage & Pew ee V alley RB, to o p e ra te th e ir oars o v er o u r trao k
from th e oity lim its a t th e re se rv o ir to F ifth a n d G reen s tre e ts , a n d
th e o p eratio n of oars u n d e r th is a g re e m e n t oom m enoed in N ovem ber.
T he d irecto rs h av e a rra n g e d to Im prove th e e q u ip m en t d u rin g th e
com ing y e a r by th e p u rc h a se of 75 la rg e and h andsom e oars, w ith all
m odern im p ro v em en ts, a t a co st of a b o u t $300,000, a n d also to add
v estib u les and h e a te rs to a sufficient n u m b er of th e p re s e n t e q u ip m e n t
to p ro v id e for th e re g u la r w in te r schedule.

Results for four years were as follows :

1901.
1900.
1899.
1898.
G ross e a rn in g s ...........$1,617,059 $1,520,514 $1,436,828 $1,297,394
O per. exps. & ta x e s .. 1,024,037
938,171
954,573
838,574
N et e a rn in g s......... $593,022

$582,343

$482,255

$458,820

D lvs. paid an d aecr’d. $265,000
320,934
In t. paid a n d aecr’d ..

$265,000
314,090

$171,667
308,500

$146,875
309,545

$585,934
$7,088

$579,090
$3,253

$480,167
$2,088

$456,420
$ 2,400

D e d u c t—

D e’ct’ns from in c.
N e t su rp lu s..................

B A L A N C E S H E E T DEC. 81.

Assets—

1901.

$

1900.

$

R o a d a n d e q u ip ....12,935,008 12,747,304
S to c k s a n d o th e r
i n v e s t m e n t s ........
40,928
41,108
M a t. a n d s u p p lie s ..
81,3 8 6 )
C a sh a n d a ll o t h e r
l 292,906
a s s e t s ....................... 266,585 5

I/tdbiU ties-

1P0I.

1900.

$

$

C a p ’J s to c k p a id in . 0,000,000 6 ,000,000
F u n d e d d e b t .......... 0,349,300 0,149,300
I n t . & ta x e s a c c r’d . 809,605)
P a y ro lls a n d a c> 339,054
c o u n ts p a y a b le ..
57,376)
P ro fit & lo ss a c c t.. 597,086
592,904

Growth of Traffic.—T he in o rease In n u m b er of p assen g ers c a r 
T o ta l....... ........... 13,313,967 13,081,318
T o t a l . . . . . . . ....13,313,967 13,081,318
ried o v e r p rev io u s y e a r a m o u n te d to 7 -12 p er cent. T his in crease Is —V. 74, p. 205, 94.
g ra tify in g an d we h a v e e v e ry re a so n to believe It w ill co n tin u e , ju d g 
Central Union Telephone Co.
in g from th e Im p ro v em en ts in th e M etro p o litan te rrito ry , p a rtic u la rly
( Report for the year ending Dec, 31,1901.)
in th e d is tric t e a s t of C en tre Ave., w h ere la rg e m a n u fa c tu rin g b u ild 
in g s a re u n d e r c o n stru c tio n , a n d a t th e ends of th e lines w here a p a r t
Earnings—
-The earnings for four years were:
m e n t bu ild in g s a n d resid en ces of v a rio u s k in d s a re ra p id ly going up.
1901.
1900.
1899.
1898.
Physical Condition.—
The condition of the property is good. We
$
$
$
$
have repainted a large portion of the structure during the year and G ross e a rn in g s ............ ........2,584,789 2,307,743 1,999,313 1,670,899
kept the equipment, ete., u p to our normal high standard of efficiency. E x p en ses fo r a d m in is tra
T a x e s . —O u r counsel su ccessfu lly co n te ste d in th e c o u rts th e assess
tion, o p e ra tin g , m ain te
m e n t m ad e b y th e B o ard of R ev iew of Cook C ounty, an d th e com pany
n an ce a n d i n t e r e s t ...... 2,360,261 1,990,129 1,690,753 1,364,086
w ill p a y u p o n th e asse ssm e n t m ad e b y th e S ta te B o ard of E q u a liz a 
tio n . We feel t h a t th e asse ssm e n t th is y e a r is la rg e r th a n w as ju s ti
N et re v e n u e ............. . , 224,528
317,814
308,559
306,813
fied b y th e fa c ts. T he e n tire a m o u n t to be p a id o u t fo r ta x e s, as w ell
A dded to c o n str’n a e c t.:
a s on acco u n t of th e a c c id e n t of N ov. 19 due to fog, h as b een d ed u cted A t e x c h a n g e s.................... 1,927,474 1,265,779 1,403,256
504,390
fro m incom e acco u n t.
310,025
F o r toll lin e s................ .— . 251,720
690,541
361,617
Extensions.—F iv e s ta tio n s o n th e D ouglas P a rk e x ten sio n (w hich
reach e s from a b o u t C am pbell A ve., b e tw e e n 2 0 th an d 2 1 st stre e ts,
T o t a l . . . . . . . . . . . . . . . . . . . 2,179,194 1,575,804 2,093,797
866,007
w e st to W est 4 0 th A ve., a d ista n c e of 1-85 m iles) w ere p u t in o p e r N um ber of e x c h a n g e s ....,
207
191
193
175
a tio n M aroh 10, a n d w e e x p e c t to h a v e a ll s ta tio n s in se rv ic e a b o u t N um ber of s u b s c rib e rs ....
98,279
68,997
59,810
45,305
M ay 1, 1902. We a re aim in g to h a v e th e G arfield P a rk ex te n sio n (hi N um ber of to ll s ta tio n s ...
2,550
2,324
2,090
1,573
m ile) co m p leted b y th e m iddle of A p ril In tim e fo r th e n eeds of the Miles of w ire in to ll lin es.. ■ (?)
53,838
48,935
32,472
A u ro ra E lg in & Chicago RR , (see V. 74, p. 726,), w hich w ill co n n ect M iles of poles in to ll lines,. 11,925
11,421
11,168
9,034
a t th is p o in t. A s a tisfa c to ry traffic a rra n g e m e n t h as been m ad e w ith
BALANCE SHEET DEO. 31, 1901.
th is co m pany fo r a c o n n ectio n w ith th e ir lin es a t 52d A ve. T his ro ad
L ia b ilitie s —
opens n p a b e a u tifu l sectio n of th e c o u n try , an d w ill, I th in k , p ro v e
In v e ste d in p la n t ......... $12,007,236 C a p ita l s to c k ................ $3,481,600
v ery s a tisfa c to ry a n d beneficial to th e M etro p o litan.
184,074 P re p a y m e n ts on in e ’d
E q u ip m e n t .—T h irty -eig h t coaches an d e ig h t m o to r c a rs w ere o r In v ested in re a l e s ta te
201,588
c a p ita l s to o k ........... 1,452,677
d ered d u rin g th e e arly p a r t of th e fiscal y e a r. A n u m b er of th e se oars M aterial on h a n d ........
910,078 Bal. of b ills a n d accts.
h a v e b een rec e iv e d a n d a re in service. A lso an en g in e a n d a g e n e r B onds a n d sto c k — . .
p a y a b le a u d re o e ’bie 1,489,813
91,389
a to r of 3,500 horse-pow er c a p a c ity w e re o rd ered fo r th e p o w er house, G a s h . . . . . . . . — . . . . . . . .
B onds is s u e d . . . . . . . . . . 6 , 000,000
w hich w ill b e in service in tim e fo r o u r n eed s w h en th e ex te n sio n s a re
R e s e r v e . . . . . . . . . ...........
201,075
com pleted.
S u rp lu s ................. .
769,180

F. A. Delano, G-eneral Manager of the 0. B. & Q. RR., has
been elected a director in place of Gh B. Harris.
Operations, earnings, expenses, charges, etc., and the
balance sheets have been as follows:
O perations—
1901-02.
W hole n u m b e r p ass, c a r r ie d ....33,910,790
D aily a v e r a g e . . . . . . . . . ; . . . . . ___
92,906
E a r n in g s —

P asse n g e r e a r n i n g s . . . . . . . . ......... $1,695,243
M isc e lla n e o u s.................................
58,070
G ross e a rn in g s___ .........$ 1 ,7 5 3 ,3 1 3

O p e ra tin g exp en ses—

M ain ten an ce w ay an d w o rk s ..
M ain ten an ce e q u ip m e n t.. . . . . . .
C ond u ctin g tr a n s p o r ta tio n .......
G e n e ra l...............

1899-00.
29,542,256
80,938

United States Cast Iron Pipe & Foundry Co.
( Balance Sheet of Jan, 31, 1902,)

$1,582,575
46,162

$1,477,113
47,001

T h e b alan oe sh eet o f J a n . 31, 1902. co m p a res w ith th o s e o f
May 81, 1901, an d S ep tem b er 30, 1899, as fo llo w s:

$1,628,737

$1,524,114

$39,496
82,707
511,368
70,335

T o tal o p e r a t i n g . . . . . . . . . ....... $737,209
N et e a r n in g s ,............ ...........$ 1 ,0 1 6 ,1 0 3
A dd in te re s t o n b a la n c e s, e te ..
4,640

$703,906
$924,831
8,352

$653,331
$870,783
10,021

.$1,020,743

$933,183

$880,804

$201,122

$190,988
54,517
384,153
49
304,783

$180,451
50,819
378,320

D e d u c t—

R e n ta ls ........... ...........
T a x e s .........................................
I n t e r e s t .....................................

M iscellaneous & e x tra o rd in a ry .
D iv id en d s...................
R a te of d iv id e n d ............ — . . . .
T o ta l...........................
B alanoe .................

14 9 ,3 3 5
8 9 2 ,3 2 0

37,976
261,243
(3%)

.$1,041,996
def.$21,253

T o ta l...................... $13,394,347

1900-01.
31,656,972
86,250

$45,931
80,057
527,086
84,135

T o ta l a v ailab le incom e.

T o ta l..................... .. $13,394,347

H o d ivid en d s, i t is u n d erstoo d , h a v e b een p aid sin ce 1896,
w h en 1 per c e n t w a s d istr ib u ted .—V . 74, p , 429, 158,

(3*2% )

$934,490
d e l.$1,806

1,100

225,000
(2 Mi.)
$835,690
sur.$45,114

J a n . 31,

1902.

M a y 31,

1901.
jLss&ts
^
T reasu ry sto ck ... . . . . . . . . . ---- . . . . . . . . . .
347,555
347,555
U nissued s to c k ............
5,000,000 5,000,000
Sinking fu n d ..............
....................
49,377
31,797
P la n t in v e stm e n t........... ........................ 24,062,064 24,066,941
C ash ...............
237,786
260,568
R aw a n d m a n u fa c tu re d m a te ria l.... 1,421,060 1,429,869
A ccounts re c e iv a b le ... . . . . . . . . . . . . . . . 1,579,229 1,854,136

S ep t, SO,

1899.
^
344,555
5,000,000
.............
24,053,129
274,197
1,482,724
1,681,563

T o t a l .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 2 , 6 9 7 , 0 7 1 32,990,866 82,786,168

L ia b ilitie s —

P re fe rre d sto c k .......... .................
15,000,000
Common sto c k ........ .
15,000,000
A m erican P ip e & F o u n d ry Co. b o nd s 1,194,000
A n n isto n m o rtg ag e b o n d s.................
87,500
R eserve for w orking c a p ita l_ . . . . .
_
289,827
B ills and acco u n ts p a y a b le ................
543,002
D iv id en d ....... ............................ .............
126,000
S u rp lu s ....................................
457,742
T o ta l. — —
.
-V. 74, p. 785, 156.

15,000,000 15,000,000
15,000,000 15,000 000
1,194,009 1,199,000
105,000
140,000
.........
1,191,506
870,959
......... ......................
500,860
576,309

.32,697,071 82,990,866 92,786,168

THE CHRONICLE

A p r i l 19, 1902.]

G E N E R A L IN V E S T M E N T

NEW S.

RAILROADS. INCLUDING STREET ROADS.
Allegheny Valley Ry.—R ep o rt. —The results for th e cal
endar years 1900 and 1901 com pare as below:
C alendar Groan
year— earnings.

1 9 0 1 _ $3,788,963
_
1 9 0 0 .... 3,540,028
—V. 72, p. 074.

Net
earnings.

$1,998,443
1,129,305

Other
income.

$91
7,001

F ix ed ■
charges.

$1,144,738
1,131,895

Balance,
surplus.

$258,790
4,531

A m erican Elevated RR.—
Increase o f S to ck. —This com
pany, w hich recently increased its authorized capital stock
from $100,000 to $5,000,000, on April 12 increased the same to
$10,000,000. No inform ation is vouchsafed regarding the
com pany’s plans.—V. 74, p. 528, 149.
Atlantic Coast Line RR.—C onsolidation.— The sharehold
ers w ill meet May 12 “ to ac t upon th e consolidation and
m erger of the Savannah Florida & W estern Ry. Co., and of
all of its capital stock, properties and franchises, w ith the
A tlantic Coast Line R R . Co.”—V. 74, p. 726; V. 78, p. 1858.
Birmingham Belt RR.—
JVetc P resident. —H. M. Atkinson,
who organized the B irm ingham R ailw ay, L ight & Power
Co., has been elected President as a step, it is supposed, in
effecting closer relations between th e enterprises.—V. 74, p.
679.

Birmingham Sheffield & Tennessee River RR.— R eversal
o f Decision A g a in st R e o rg a n iza tiio n C om m ittee. —See edit
orial on page 804.—V. 70, p. 1194; Y. 68, p. 1224.
Birmingham & Steel City (Ala.) Railway & Power Co.—
C onsolidation.— B o n d s.— This company! was formed on April
9 under A labam a laws, w ith $2,000,000of authorized capital
stock, as a consolidation of the Steel Cities Railway Co.
and the W arrior R iver Pow er Co. of B irm ingham . The new
company w ill m ake a first m ortgage on th e entire property
to secure an issue of 5 per cent $1,000 gold bonds to be dated
Ju ly 1st, 1902, payable Ju ly 1st, 1932; $1,500,000 of these
bonds w ill be issued a t once.
The M altby H ornaday Co. of C incinnati, who are interested
in the enterprise, w rite as follows:
The proposed road will he 40 miles In length and extend from Bir
mingham to Ensley, Wylam, Woodward and Bessemer; also from
Ensley to Pratt City, Brookslde and Adamsvllle. These places are all
suburban to Birmingham. The road will have an independent en
trance into Birmingham, which will put it in touch with the business
centre of the oity. Franchises have been secured In Birmingham and
the several cities above mentioned; rights of way have also been
secured. Con struotion will commence not later than April 10th, and
will he completed within a year. In connection with the railroad it is
proposed to build a power plant 20 miles north of Birmingham on the
Warrior Blyer/whioh plantjwill have acapaoityjof 10,000 horse power.
It is the Intention of the company to seoure lighting franchises in
Birmingham ana the several olties through whloh the road runs.

Buffalo Rochester & Pittsburg R y .—S trik e Over.— AM
the mines of th e Rochester & P ittsb u rg Coal & Iron Co. re
sumed operations on Thursday, an agreem ent having been
reached w ith the m en.—V. 74, p. 726, 326.
Canadian Pacific Ry.—li m e fo r S ubscriptions E x p ires
A p r il 26.—The tim e to subscribe for the new stock expires
on the 26th in st,, not on the 29th as was first intended.—V.
74, p. 775, 679.
Charleston Consolidated Railway, Gas & Electric Co.—
R e p o rt.— The report for the fiscal year ending Feb. 28 shows:
F iscal
year—

Gross
receipts.

1901-02....$549,521
1900-01.... 487,524
—V. 73, p. 1312.

Net
receipts.

$215,185
156.112

Charges
a n d taxes,

S in k , f u n d
a n d in ip ’ts.

Balance,
surplus.

$153,437
$11,422
$50,326
.......................................................

Chicago Rock Island & Pacific Ry.—B onds to P a y fo r Choc
ta w S to ck.— The company has sold to Speyer & Co. $24,000,000 of 4 per cent gold collateral tru st bonds to be dated 1902,
and secured by a deposit of all the stock of th e Choctaw Ok
lahom a & G ulf R R . Co., purchased and to be purchased u n 
der the offer announced last week. The new bonds will be
payable in sixteen annual instalm ents of $1,500,000 each,
thus providing for the retirem en t of the entire issue by 1918,
See also Choctaw item below.
A p p lic a tio n to L ist. —The company has asked the New
York Stock Exchange to list $3,000,000 additional consoli
dated general m ortgage 4 per cent gold bonds of 19S8, m ak
ing to ta l listed to date $58,581,000.—V. 74, p. 775, 727.
Choctaw Oklahoma & Gulf RR.—Purchase o f Choctaw <
&
N o rth ern . —The shareholders w ill vote May 3 upon the fol
lowing propositions: (1) To purchase, free of encumbrances,
the railroad, property and franchises of th e Choctaw N o rth 
ern RR, Co,, com prising a line of railroad extending from
Geary, in Blaine Co., Oklahoma Ter., to Alva, in Woods Co.,
said T erritory, w ith a branch to A nthony, K an., 137 miles in
all, for $7,500 per m ile in consolidated m ortgage 5 per cent
bonds of 1902, and $7,500 per m ile in common stock; in other
words, $1,027,500 of each, (2) To purchase the railroad,
property and franchises of the form er H ot Springs RR. Co,,
now the Choctaw RR. Co., com prising a line of railroad ex
tending from Hot Springs, A rk,, to M alvern, A rk , together
with a branch or extension of the same from Butterfield,
Ark,, to Benton, A rk., about 40 miles of road in all. These
roads will therefore be included in the sale of the Oklahoma
& G nlf to the Chicago Rock Island & Pacific.
S ale.— A m ajority of the 296,000 shares ($14,800,000) has
been deposited with the G irard T rust Co. for sale to Speyer &
Co., for account of the Chicago Rock Island & Pacific Ry.
B ow ls to P ay f<yr S to c k ,—See Chicago Rock Island & P a 
cific Ry. above.

829

O ption. —Holders of the m inority stock who desire to sell
their holdings on the term s received by the m ajo rity in ter
est, viz., $80 per $50 share for the common and $60 per $50
share for the preferred (both ex-dividend) are notified th a t
they m ust deposit their stock on or before May 7 next w ith
the G irard T rust Co. of Philadelphia.—V. 74, p. 775, 727.
C incinnati New O rleans & T exas Pacific Ry.—O ption to
Subscribe to P referred S to c k .— Holders of the $3,000,000 com 
mon stock of record A pril 19 are entitled to subscribe a t the
Treasurer’s office in Cincinnati on or before May 20, at par,
pro ra ta , for $2,000,000 of the new 5 per cent preferred stock.
“ Dividends on the preferred stock will begin to ru n from
the first day of the calendar m onth next succeeding the date
of such new certificates, and th e company w ill pay from
its surplus net profits interest a t the rate of 5 per cent per
annum from the date of the several paym ents for such pre
ferred stock until the date from which dividends thereon
shall begin to ru n .” Ten per oent of the subscription price
is payable a t once, and the rem ainder w ithin ten days a fte r
notice th at the new certificates are ready for delivery. See
Y. 74, p. 528; V. 74, p. 727.
Cleveland P a ln e sv llle & E a ste rn R R .—New S to ck.— A t a
m eeting on April 10 it was voted to increase the capital
stock from $1,500,000 to $2,000,000. A portion of the new
stock will be issued on account of the extension from Painesville to Fairport, completed last Ju ly ; the rem ainder w ill be
reserved for fu tu re im provem ents.—Y. 74, p, 576, 267,
D allas (T ex.) C onsolidated S tre e t R y.—Yew C o m p a n y.—
See “ Dallas S treet R ailw ay F ranchise” below.—V. 73, p, 286.
D allas (T ex.) S tre e t R ailw ay F ran ch ise.—R ig h ts G ranted]
—The City Council of Dallas has granted to A. K. Bonta
and his Boston associates, controlling the Dallas E lectric
L ight Co. (V. 71, p. 1070), a franchise for a new street rail
way in th a t city, to parallel the track s of the Dallas Consoli
dated Street Railw ay Co. on several im portant streets. Con
struction is to begin a t once.
E ast St. L ouis E le c tric S tre e t RR.—So ld .— This road was
transferred on A pril 11 to the Clark syndicate of Philadel
phia, which has obtaiced control, and is arranging a consoli
dation, of all the East St. L ouis lines. E. W . Clark Sr. was
elected President to succeed Ju liu s S. W alsh.—See Y. 74,
p. 576.
F o rt P la in & R ichfield S p rin g s RR —R eceiver's C e rtifi
cates.— Receiver Charles Seidler is seeking perm ission to
issue $160,000 in receiver’s certificates in order to com plete
the road. Judge Borst, representing Boston judgm ent
creditors, is opposing the proposition. The m atter was to
come up before Judge Andrew s in Syracuse this w eek.—V.
73, p. 615.
G reat N o rth ern Ry.—More S to ck fo r C ontrolled C om pany J
—The trustees of the Seattle & M ontana R R „ a t a recent
m eeting in Seattle, are reported to have voted to increase the
capital stock from $12,500,000 (see V. 66, p. 1044, 1188) to $14,000,000. The new issue, it is supposed, w ill be used in con
nection w ith the proposed new term inals at Seattle, these, in
cluding a tunnel over half a mile long, to cost about $1,500,000.
—V. 74, p. 680, 629.
In te rn a tio n a l & G reat N o rth e rn R R .—B o n d s.—E xten sio n s,
—The Texas Railroad Commission recently sanctioned the
issue of $780,000 bonds on 39 miles of road betw een Spring
and the N avasota River, Tex., being the rem ainder of the
$3,680,000 bonds issued a t $20,000 a mile on the road from
Spring to Waco, including the C alvert branch, The exten
sion from W aco to F o rt W o rth has been graded for a
distance of 55 miles to M ertens H ill County, b u t as yet, it is
stated, is unbonded. Extensions from Itasca, Tex., to Dallas,
30 miles; from Colum bit to Bay City, 40miles; from H ouston
by way of Beaumont to Orange, about 100 miles; from N av a
sota, Texas, to Madisonville, 50 miles, are also said to be contem nlated in the more or less distant fu tu re,—V, 74. p. 379,
267.
K ansas C ity M em phis & B irm in g h am RR .— Tim e E x 
tended. —A bout 85 per cent of the income bonds having been
deposited under the agreem ent of Feb. 1, 1902 (Y. 74, p. 477,)
the tim e for deposits has been extended to May 1, 1902.—V.
74, p. 477.
Lim a ( 0 .) E le c tric Ry. & L ig h t.—
-Yew Stock, E tc .—A
m eeting of the shareholders has been called to authorize an
increase of the capital stock from $500,000 to $850,000, and to
consider the advisability of constructing or acquiring a
steam heating and power p lan t.—Y. 71, p. 342.
Long Isla n d RR.—E x te n sio n o f E lectric S y ste m . —The
company has decided to extend its electric trolley line, now
in operation from Rockaway P ark to F ar Rockaway (5
miles), to Mineola, a fu rth e r distance of 16 miles, connecting
w ith the main line and the Oyster Bay and W ading R iver
branches. W hen the power house now under construction
a t H am ill’s is completed, the com pany w ill be able to supply
its own electricity for the Rockaw ay trolley line in place of
buying it as heretofore. W ork on th e A tlantic Avenue im 
provement is progressing rapidly. The intention is to equip
all the short lines west of Jam aica w ith electric apparatus,
in order th at they may be operated in connection w ith the
Rapid T ransit tunnel to low er New Y ork and the Pennsyl
vania RR. tunnel to 34th St. and thence under the N orth
River to Jersey City.
New Y o rk C onnecting R R .— See th a t company below.—V.
78, p. 1264.

880

l HE

CHRONICLE

L ouisville A N ashville U li.—C ates S yn d ica te B u y s C ontrol
—J, r . U vty.in to D ictate Policy. -The rem arkable stren g th
in the eric*? uf the com pany's stock noted last week continued
on Monday, and was dually explained on Tuesday by the
aniii 'Ui: uiont th a t a syndicate, composed chiefly of Chicago
men arid including the ttim of H arris, Gates & Co., of which
John W. (dates is a m em ber, had acquired a controlling in 
terest in the stock, being aided in this by th e sale in th e open
m arket of $5,000,000 treasury stock and by m ore or less
“ short sellin g " In the general m arket.
John W. G ates on Tuesday made th e following statem en t:
We h a v e bou g h t c o n tro l of th e L oaisvU le < N ashville i t It. We did,
&
n o t bay it >ni sgeealatioii., but fur in v estm e n t, believ in g absolutely in
th e p re sen t end fu tu re value of th e p ro p e rty , T here will n o t b e a n y
c o rn e r la th e stock. We h av e placed th e e n tire m a tte r in th e h a n d s or
J . P. M organ Si Co. and requested th em to a ct as a rb ite rs In th e s itu a 
tion, b ecam e or the p rom inence of th e p ro p e rty and our desire n o t to
d istu rb in any way th e general m a rk e t c o nditions, a n d because we
know they h a v e no in te re s t w h a tev e r in the p ro p e rty o r in re c e n t p u r
chases.

[Vol. LXXIV.

is alao to be increased from $4,500,000 to $5,000.000.—V. 74,
p. 776, 681.
New York C onnecting R R .—C ertificate o f In c o rp o ra tio n .
- T h is company, w hich w ill build for the Pennsylvania
tliii Co, the connecting road and bridge between the
New Y ork New Haven & H a rtfo rd and the New Y ork
C entral roads in W estchester County, New York, and
the Long 1dan 1 RR, in Long Island City and Brooklyn, has
recently been re-advertising its certificate of incorporation,
dated A pril 20, 1892. The certificate describes th e projected
road m 10 miles in length, extending from W estchester
County, east of the Bronx River, to the city of Brooklyn.
Capital stock $100,00 *in $100 shares, all 6 per cent preferred,
(V. 73, p. 1284.)- V. 72, p. 1280,
New York O n tario < W estern Ry. Co.—P ro p o sitio n to
fe
Use S u rp lu s fo r Im p ro v e m e n ts. —President Pow ler on W ed
nesday gave out a statem ent of w hich the substance follows:

O a r t r a d e lias gro w n to sa c k p ro p o rtio n s th a t th e a n n u a l a v erag e
This was followed late on W ednesday by the subj oined an
gross earnlngB
$12,000
We a e a
on t h a t
nouneem ent from J , P, M organ & Co. th a t they have consented p a r t ot the line now exceedadosla a np e rCm ile. all n o refa r rn in g $25,000
betw een O
d ornw
t
from
to receive the stock o a deposit:
p e r mile. These e a rn in g s a re a b o u t th e lim it t h a t can be ta k e n c are

ot on a single tra c k , even w ith am ple side a n d p a ssin g traoks.
T he offlaials on T uesday la s t decided to recom m end to th e b o ard
t h a t th e 107 m iles of m ain lin e betw een Oftdosla a n d C ornw all he
double-tracked im m ediately. T h ere a re tw o w ays of oarin g fo r th e
cost of th is Im provem ent. One w ould be to sell bonds a n d th e o th er
th e a p p lic atio n of n e t e arn in g s to th a t objeot. I am in fa v o r of doing
th e w ork g ra d u a lly —nay w ith in th re e o r four y e a rs—double tra c k in g
In th e tlrst in sta n c e th e m ost congested p o in ts, a n d u sing n e t e arn in g s
fo r th e purpose.
The cost would a m o u n t to n e a rly $15,000 p e r m ile of road, re q u irin g
ab o u t $1, 00,000 to co m plete th e w o rk ; $500,000 a y e a r fo r th re e
A ugust B elm ont,the C hairm an of the board of directors of y ears w ould pay for It. In th a t w ay, I believe w© c a n ' com plete th e
im provem ent w ith o u t selling a bond o r bo rro w in g a dollar. I t Is a
th e L. & N ., referring to th e above statem ents, said:
w hich
e b ard m u
I h a v e been a w are of th e n e g o tia tio n s by w hich J . P. M organ & Oo. question, how ever, sc e rta intbth e oview s ofst deolde,e a u d In c id e n ta lly , I
a
th e o w
of a
h a v e c o n sen ted to ta k e c o n tro l a n d dep o sit of th e sto ck of th e L ouis shall endeavoretocom pany’s stook. If th e y ap p ro n ers and holders sh a ll
m ajority of th
v
v ille & N ashville RR. Co. p u rc h a se d by H a rris , G ates & Co. T he for th a t period d evote n e t e arn in g s to th e purpose. I believe w e
s ta te m e n t by M essrs. J . P. M organ Co. ju s t m ade p ublic h a s my an“ To be sure, th e non-paym ent of a dividend prolongs the
« nailned a p p ro v a l, a n d th e re w ill be no c o n te st fo r th e c o n tro l of th e
L ouisville & N ashville R R ,
life of the voting tru st, b u t a voting tru s t is, to some extent,

A t th e re q u est of M essrs. H a rris , G ates & Co., who on th e ir ow n
in d ep e n d em account have re c e n tly m ade la rg e p u rc h ase s ot Louisv illa A N ashville E li, stock, M essrs, J . P, M organ < Co., as b a n k ers,
ft
have c o n sen ted to ta k e co n tro l of th e stock so p u rc h a se d a n d to
reoeiv e th e sam e on deposit, t h e y h av e so consented solely to relieve
the g e n e ra l financial condition a n d n o t fo r th e b enefit of a n y ra ilw a y
com pany. T he Souther n R ailw ay Oo. has no in te re s t, d ire c t or in d ire ct,
p re se n t or p ro sp e ctiv e, in th e stock o r its p u rc h ase or d eposit. M essrs.
J . F, M organ <v Co. a re a ctin g w ith th e c o rd ia l c o n se n t of M essrs.
A u g u st B elm ont & Co.

Mr. Perkins, of J . P. M organ & Co., said yesterday th a t as
th e resu lt of the negotiations in question a threatened corner
in the Louisville & Nashville stock and a contest for control
had been averted; J . P . M organ & Co. are now the dom i
nating factors, having control of the stock, and as such they
have given assurance there w ill be no change in the director
ate or m anagem ent of th e property. See also S outhern Ry.
below for President Spencer’s statem en t.—V. 74, p. 775, 680.
M arc e lla s (N. ¥ .) E le c tric R R . —F oreclosure,— The A m er
ican T rust & Savings Bank of Chicago has brought suit, as
m ortgage tru stee, to foreclose th e com pany’s $200,000 m o rt
gage.
M assach u setts S e c u ritie s Co.—S tock a n d N otes In te r 
changeable .—The ‘ $100,000 5 per cent gold notes and pre
ferred shares” offered, as stated last week, “ are interchange
able at any tim e at the option of the holder.”—V. 74, p 776.
M e tro p o lita n S tre e t By., New Y o rk .— A nother S u it. —Mrs,
E m m a W. E. Page of Pennsylvania b rought su it yesterday
in the U nited States C ircuit C ourt in this city to set aside
th e lease of the M etropolitan road to the In teru rb an
Com pany.—V, 74, p, 176, 728.
M issouri K an sas & T exas E j . — New S to c k .—The company
has given, notice of its intention to issue $550,000 additional
stock for th e purpose of p u rc h a sin g 'th e Missonri K ansas &
N orthw estern R R ,; also the F o rt Scott, lola & W estern Ry,,
P iqna to M oran. K an ,, 20 m iles.—V. 74, p. 427, 397,
M ohaw k & M alone E it. —New L ease a n d New S ecu rities. —
See X Y. C entral & H udson River R R . below .—V, .74, p. 630.
N ash v ille T e rm in a l Co,—Lease—M ortgage, —This com 
pany has leased to the Tennessee C entral RR. (see below) th e
use of its facilities for 99 years from May 1, 1902. A bridge
across the C um berland R iv er'w ill be included in the te rm i
nals and b u ilt by th e term in al com pany. The term inal
com pany has also authorized an issue of $1,000,000 first
m ortgage 5 per cent gold bonds, dated Ja n . 1, 1902, and due
in 1932, b u t su b ject to call a t 105 at option of com pany after
Ja n , 1, 1907; tru stee, M ercantile T ru st Co, of St, Louis.—
V. 74, p. 577.
N a tio n a l E E . o f M exico.—P resid en t,— W . G. R aoul, Presi
dent of th e M exican N ational R ailroad, has been elected
President of the new company.
I n Possession. —The property of th e Mexican N ational R R .
was taken over on A pril 10 and is now operated by th e N a
tional RR, of Mexico.
M exican In te rn a tio n a l, —The company has exercised its
option to tab© over the control of the Mexican In te rn atio n al.
—V, 74, p. 776, 680.
New Y ork C e n tral & H udson R iv e r R E .—S tock Increase
A p p ro v e d . —The shareholders on W ednesday form ally ra ti
fied th e proposition to increase th e capital stock from $115,000,000 to $150,000,000, in p a rt for th e purposes stated last
week (pige 776).
N ew Securities a n d Lease f o r M ohaivk cfc M alone, —The
shareholders on W ednesday also approved th e new lease of
the Mohawk & Malone R R ,, w hich provides for an issue of
$10,000,000 3yz per cen t bonds, of w hich $2,500,000 w ill be re
served to retire at m a tu rity in 1991 the existing first m ort
gage bonds, $3,900,000 w ill be issued fo rth w ith in place of
the same am ount of 5 per cent incomes (all or m ost of which
w ere acquired last December by th e New Y ork Central), and
th e rem aining $3,600,000 w ill be available from tim e to tim e
for im provem ents and enlargem ents. The capital stock of
the Mohawk & Malone, all oC w hich is owned by the Central,

a protection in tim es like these w hen it is unsafe to leave a
sm all railroad property out a fter d ark, w hen wholly unpro
tected.”- V . 74, p. 427.
N orfolk (V a.) Ry. & L ig h t Co. - S t r i k e E n d ed .— The
strike of conductors and m oterm en w hich has been in prog
ress since March 1 was form ally declared a t an end on M arch
31.- V . 73, p. 83.
.Norfolk S o u th e rn Com pany.—A b a n d o n ed . —The project
of organizing this holding company has, we are inform ed,
been abandoned, a t least for the present.—Y. 74, p. 206.
N orfolk & S o u th ern R R .—See Norfolk Southern Company
above.—V, 74, p» 206,
N orth S hore Ry. (C a l.)—P onds A u th o rize d ,— The share
holders have a u th o r iz e d the proposed issue of $6,000,000 40year 5 per cent bonne, of w hich $1,493,000 w ill be reserved to
retire a t m atu rity in 1912 the existing bonds of the form er
N orth Pacific Coast R R ,, a n d the rem ainder are applicable to
extensions, im provem ents, etc. The new bonds, to be delivered
about May 1, are q u o te d in S a n Francisco a t 100-102.—Y. 74,
p. 827.
O akland (C al,) T ra n s it C onsolidated. —C o n so lid a tio n ,—
This company was formed on. M arch 29 by consolidation of
the Oakland T ransit Co. and th e Oakland San L eandro &
Hayw ards Electric Ry., Consolidated. The am ount of c a p i
tal stock “ actually required for the purposes of th e new c o r
poration is certified to be $6,900,000,” being equal to the
aggregate capital stock of the old companies.
M ortgage. —
The shareholders w ill vote Ju n e 10 on a propo
sition to make a consolidated m ortgage for $6,500,000, of
which $3,015,000 to retire a t or before m atu rity all existing
bonds, and the balance for im provem ents, extensions, etc.
E a rn in g s. —The gross earnings of the combined properties
for the calendar year 1901 are reported as $822,519, contrast
ing w ith $730,075 in 1900; net, over operating expenses, $298,296, against $209,996.
E x te n sio n ,— The R ealty Syndicate (see V. 72, p. 187), w hich
controls this company, recently secured the incorporation of
the Oakland & Sau Jose RR. w ith $2,500,000 authorized cap
ital stock to build an electric road from H ayw ards, the te r
m inus of the Oakland T ransit Consolidated, to San Jose, a
distance of 50 miles, largely over private rig h t of w ay.—Y.
73, p. 287.
Ohio R iv er & C h arlesto n Ry.—New D irector,— F. J . Lisman, the banker of this city, has been elected a director of
the Ohio River & Charleston R y .—V. 71, p. 343,
. Oregon RR. & N avigation Co.—A p p lica tio n to L is t,—
The New Y ork Stock Exchange has been asked to list $1.241,000 additional consolidated M. 4 per cant gold bonds of 1948,
m aking to tal listed $20,482,000.—V, 74, p. 880, 206.
PffinsylV itnia R R .— Turm el B ill S ig n ed —Gov. O leli has
signed the Stranahan bill giving the Rapid T ransit Commis
sion of this city the power to g ra n t a franchise to any ra il
road corporation for constructing and operating a tunnel
railroad from a point w ithin the city to a point w ithin an ad
joining State, This is the m easure draw n, w ith the approval
of the interested parties, as a substitute for the Kelsey bill
(now vetoed), to give the Pennsylvania [and other com pa
nies] the power to secure tunnel connection through or into
the city. The Commission is to determ ine the route and, at
its discretion, to presen ce regulations governing the conduct
of the tunnel; it is also to.determ ine the am ount of compen
sation to be paid the city, such compensation to be ©abject to
readjustm ent every tw enty five years. The bill especially

A p r i l 19, 1902.]

TH E

CHRONICLE

provides th a t th e S tate R ailroad Commission shall n o t be do"
prived of its pow er over th e tnnnel.
A d ju n c ts o f T u n n e l P la n .— See Long Island R R . and New
Y ork C onnecting R R . above.—V. 74, p. 577, 581.

83 L

common, am ount to be issued not exceeding $25,000 per m ile.
A m ortgage for $8,000,000 has been authorized on th e com 
bined properties. T his m ortgage is officially described as
follows :

The m o rtg ag e Is to h e d a te d J u l y 1 st, 1902, and m ade to th e M e r
c a n tile T ru s t Co., of S t. L ouis, M issouri, a s tru s te e , Heouring a m a x i
m um of $15,000,000 fifty -y e ar 5 p e r c e n t gold b onds, coupons p a y a b le
and J ly , bonds re d
le t
c t p rem
R eferring to th e circu lars sent u n d er d ate of Feb. 0 and J a n u aJryly 1st, u1907, a t o p tioene m a bth e aco5 p e rn y .e n Honda iumheon and
a fte r u
of
m pa
to
Im m e
M arch 13, 1902 (Y. 74, p. 030, 828), to th e holders of the $10,- d ia te ly Issued a b o u t $5,000,000, sn lllo len t to c o v er co m p leted linen a t
$25,000 p e r m ile ; b a la n c e to be Issued a t n o t e x ce ed in g nam e ra> e an
000,000 second m ortgage 4 p e rc e n t incom e certificates, P resi
re
a d itio n
q ire d —to ta
o
d
dent E dw in G ould announces th a t in view of th e deposit of new alineny a timbeu ilto o r to dexceeda lmllnea aucm uof $25,000 l p issu eile u ts ta nm 
in g t a n
n t
ax im
er m
of co
m ore th a n tw o -th ird s of these certificates, und er th e term s of p lete d a n d u n in cu m b e re d ra ilro a d llhe.
P ro v isio n 1 m ade in th e m o rtg a g e fo r p u rc h a se of e u ts ta n d lrig
h
those notices, it is proposed to create an issue of $25,000,000
bondn of T en n e ssee C e n tra l R ailw ay, $1,550,000, a n d of N a sh v ille &
80-year 4 per cent gold bonds for th e follow ing purposes:
K noxville R R Co., $1,750,000. U n til th e se o u tsta n d in g bonds a re
(a) To flnanoe th e p u rc h a se of c e rta in b ra n c h lin e s a n d se c u ritie s of paid off a n d oanoeled, an e q u a l a m o u n t of th e new bon d s is to be re 
o th e r c o m p a n ies a lre a d y a c q u ire d o r In prooess of a c q u is itio n ; (b) to ta in e d by th e tru ste e . T h ere a re no bon d s of K in g sto n B ridge &
fu n d e x is tin g e q u ip m e n t o b lig atio n s, o r to p u rc h a se fu rth e r e q u ip  T erm in al Co.; as y e t n o th in g h a s b e e n done upo n th is o o rn n a n y ’s
m e n t; (c) to m ake Im p ro v em en ts u p o n ro a d b ed and p ro p e rty ; (a )3to p ro p e rty . T h ere a re no b o n d s o u tsta n d in g on th e C u m b e rla n d P la te a u
a cq u ire, o r c o n s tru c t a n d eq u ip e x te n sio n s a n d b ra n c h e s, a t a ra te n o t HR.; th is ra ilro a d is lea se d by th e T en n essee C e n tra l R ailw ay , and th e
e x ce ed in g $20,000 bonds p e r m ile, upo n w hich th e new m o rtg a g e lea se p a sses to th e T en n essee C e n tra l RR. Co. by th e c o n so lid a tio n ,
sh all becom e a ilrs t lien d ire c tly o r by pledge of th e bon d s o r stock a n d it p u rp o ses p u rc h a sin g th e p ro p e rtie s o f th e c o m p a n y la te r. No
re p re se n tin g lien a n d o w n e rs h ip ; (el to a cq u ire a ll o r a n y p a r t of th e bonds a re to be issu e d by th e p re s e n t p la n on th e m ileag e of th is com 
o u tsta n d in g $10,000,000 seoond m o rtg a g e gold incom e bond oertlll- pan y .
oatea of th e c om pany a n d fo r o th e r c o rp o ra te purposes.

St. Louis Southwestern Ry.— P la n C om plete—E xch a n g e
o f Incom es— O ption to Subscribe to $6,000,000 New B o n d s.—

The new bonds are to be secured by a m ortgage, su bject to
existing m ortgages on all p ro p erty owned and by a first and
only lien on all bonds, stocks and other securities and all the
second m ortgage gold incom e bond certificates and equip
m ent obligations of th e com pany acquired by th e use of the
new bonds or th e ir proceeds, and all additions, extensions
and branches so constructed or acquired.
H olders of receipts of th e M ercantile T ru st Co., issued
under th e term s of the above-m entioned notices against de
posits of second m ortgage incom e certificates w ill be entitled,
upon th e issue of th e new bonds p rio r to J u ly 1, 1902, and
upon su rren d er of th e ir deposit certificates, to receive an
am ount thereof equal a t p a r to 90 per cen t of the p ar am ount
of th e deposited second m ortgage incom e bond certificates,
and, in addition, w ill receive a subscription w a rra n t in as
signable form , en titlin g th e holder to subscribe fo r $600 p ar
value of the additional new bonds a t a price equal to 90 per
cent of th e ir par value an d in terest in respect of each $1,000
p ar value of th e deposit receipts, th e subscriptions b a n g
payable as th e railw ay com pany m ay prescribe. The ex
change of th e $10,000,000 second m ortgage incom es on this
basis calls for th e issue of n o t exceeding $9,000,000 of the
new bonds, and th e su bscription rig h ts re q u ire 'th e issue
of not m ore th an $6,000,000 ad ditional, leaving th e balance of
$10,000,000 new bonds available fo r th e o th er purposes indi
cated above.
H olders of said receipts a t th e tim e of th e surrender
thereof w ill also have th e altern ativ e of selling th e deposited
certificates represented thereb y for cash a t 80 per cent of
th e ir p a r value, w ith accrued in terest, payable a t th e office of
th e M ercantile T ru st Co. a t th e tim e of th e issue of th e new
bonds. In te re st upon th e new bonds w ill accrue from Ju n e 1,
1902, and accrued in te re st upon th e deposited certificates, ex
changed for new bonds, w ill be a d ju ste d in cash to th a t date.
K uhn, Loeb & Co. have form ed a syndicate to purchase such
of th e new bonds as m ay n o t be subscribed by the
holders of th e incom e certificates, as w ell as such of the de
posited certificates as th e holders of th e deposit receipts
th erefo r shall elect to sell fo r cash.
A ll second m ortgage incom e bond certificates, and all
equipm ent obligations deposited u n d er the new m ortgage,
are to be k ep t alive pending th e com plete acquisition of the
second m ortgage incom e bond|certificates, and a re to be held
for the benefit and security of th e holders of th e new bonds
—V. 74, p. 630, 578.
Savannah Florida & Western Ry.—C o n so lid a tio n .— The
shareholders w ill vote May 12 on th e proposed consolidation
of th e com pany w ith th e A tlan tic Coast L ine R R . Co. See
Y. 74, p. 776.
S o u th e rn R y.— L o uisville & N ashville E p iso d e.— R egarding
th e recen t events affecting th e L ouisville & N ashville (see
above), P resid en t Sam uel Spencer of th e S outhern Railw ay
Co., in an officially signed statem en t, says :
T he L ouisville & N ash v ille situ a tio n Is sim p ly t h i s : Mr. G ates and
h is asso ciates, a p p a re n tly w ith o u t an y c o n su lta tio n w ith a n y ra ilro a d
in te r e s t in th e S outh o r elsew here, and e n tire ly on th e ir ow n a cco u n t,
b o u g h t in th e open m a rk e t la rg e blocks of L ou isv ille & N ashville stock
a n d claim ed n o w to be a c le a r m ajo rity .
B y re aso n of a la rg e sh o rt in te re s t, g ro w in g p a rtia lly o u t of th e sale
by th e L ouisville & N ashville R R . Co. of 50,000 sh a re s—a n a u th o riz e d
a d d itio n a l issue of tre a s u ry sto c k —which w as n o t liste d , a n d n o t,
th e re fo re , a good d eliv ery on th e E x ch a n g e , a serio u s c o rn er w a s im 
m in e n t in th e com pany. J . P. M organ < Oo. w ere a p p ea le d to to use
fe
th e ir influence to p re v e n t such a d isa stro u s condition. A fte r tw o
d a y s’ n e g o tia tio n s th is h a s re su lte d in a n a g re e m e n t by w hich th e
G a tes stock will be deposited w ith a n d p lac ed u n d e r th e control of J .
P .M organ & Oo.as b a n k e rs, an d n o t as re p re se n tin g a n y ra ilw a y in te r 
e sts, a n d w ith no p u rp o se e x c e p t to c o n se rv e in th e h e st possible w ay
th e g e n era l financial a n d busin ess s itu a tio n an d av o id th e serious com 
p lic a tio n s which h a v e th re a te n e d .
T he h o u th e rn R ailw ay Co. has h ad no in te re s t, d lre o tly 'o r In d irec tly ,
p re s e n t or p ro sp e ctiv e, in th e p u rc h a se of th e sto ck o r in its d ep o sit as
a b o v e w ith J. P. M organ <z Co. T here is no c o n te s t fo r th e c o n tro l of
S
th e L ouisville & N ash v ille by a n y o th e r ra ilw a y com pany, an d n o t
likely to b e —c e rta in ly n o t by th e S o u th e rn .—V. 74, p. 777, 681.

C onstruction of th e line n o rth w estw ard ly from N ashville
by w ay of C larksville to a connection w ith th e I. C. In K en
tucky is to be begun a t an early date.
Lease o f T e rm in a ls. —T he shareholders also voted to lease
the facilities of th e N ashville T erm inal Co., w hich see above,
—V. 74, p. 577.

Union T raction Co. of P h ila d e lp h ia .—Subw ay.— S e e M ar
ket S treet Elevated Passenger Ry. above,—V. 74, p. 528, 479,
U nited R ailroads of S an Francisco..—D ir e c to r s — The
follow ing have been elected directors :
8 a n F ra n c isc o m e n : T h o m a s B ro w n , C a sh ier B a n k of C a lifo rn ia •,
A n to in e Borel of A n to in e B o re l <ft Co., b a n k e rs ; Is a ta s W. H e ilm a n .
P re sid e n t B a n k of N e v ad a a n d P re s id e n t U n io n T r u s t Co.; C h a rle s
H olb ro o k of M essrs. H o lb ro o k , M errill & S te tso n , h a rd w a re m e rc h 
a n ts ; A rth u r H o lla n d ; J o s e p h T obin, c o u n se l of th e H ib e rn ia S av in g s
B a n k ; A le x an d e r B. W illiam so n of M essrs. B a lfo u r, G u th rie & Co. e x 
p o rt m erc h an ts. A lso J . M. D u a n e of B ro w n B ro s., N ew Y ork.

The acting P resid en t is A rth u r H olland, form erly a m em 
ber of th e firm of N aylor & Co., m etal m erch an ts, N ew Y ork,
P ittsb u rg and London.
B o n d s.— A stockholders’ m eeting to authorize th e issue of
$20,000,000 of th e $35,275,000 general first m o rtgage 4s (see V.
74, p. 631,) w ill be held Ju n e 5-.—V. 74, p. 681, 529.

W estern Ohio (E lee tric) Ry.—L is te d i n C leveland — T his
com pany’s $8,000,000 cap ital stock has been listed on th e
Cleveland Stock E xchange.—V. 74, p. 632.
W estern M ary lan d R R .—New R id s.—A ll th e bidders for
th e interest of th e City of B altim ore in th is road presented
on Thursday revised bids accepting th e new conditions an d
increasing the am ounts offered. The special com m ittee of
th e City Council, a fte r receiving th e proposals, w ith h eld
approval of th e M ayor’s ordinance to sell the road to the F u l
ler-Gould syndicate, and resolved to su b m it th e en tire m a t
te r to th e Council n ex t Monday.
The revised bids (compare V. 74, p. 631,) are described as
follows:
T he R e ad in g Co. in c re a se s its oash b id fro m $7,004,098 to $ 1 0 ,0 0 1 ,000, a n d a g ree s to beg in w ith in tw o y e a rs a n d co m p le te w ith in e ig h t
y e a rs by c o n stru c tio n , le a se on tra c k a g e o r o p e ra tin g a g re e m e n t, a
c o n n ec tio n b e tw e e n th e W este rn M a ry lan d a n d th e W est V irg in ia
C e n tra l I t p ro p o ses to m a k e th e W este rn M a ry la n d a n in te g ra l p a r t
of th e R eading sy stem ; a n d d e clare s t h a t no o th e r ra ilro a d o r c o rp o r
a tio n h as a n y p re s e n t o r c o n te m p la te d in te re s t in th e p ro p o sal. T he
R ead in g declines, h o w e v er, to m ak e a n y d efinite p led g e as to e x 
te n s io n to tid e w a te r o r te rm in a ls u n til lo c a tio n a n d c o st a re c a re fu lly
considered.
T he H a m b le to n Cook sy n d ic a te in c re a s e d its bid fro m $ 0,000,000 in
cash a n d $4,000,000 in th e sto c k of a n e w ra ilro a d c o m p a n y to $9,2-=0,000 oash.
T he F u lle r G ould sy n d ic ate ra is e s its o rig in a l bid $241,550 53, to
m tk e th e sum of $8,75 1 ,3 7 0 45, th e a m o u n t stip u la te d in th e o rd i
n an ce a s re p re s e n tin g th e o b lig a tio n s of th e W estern M a ry la n d R a il
ro a d to th e C ity of B altim o re, a n d a c c e p ts o u tr ig h t th e te rm s of M ay o r
H a y e s’s p ro p o sed ord in an ce.
T he V arney-S ohoen-P hlladelphia sy n d ic a te in c re a s e s its b id to $10,1 0 0 .0 0 0 .-V . 74, p. 777, 728.

IN D U STR IA L. GAS AND MISCELLANEOUS,
A llied S e c u ritie s Co.—P u rch a se o f
W oven W ire Fence Co. below.

S to c k .— See

Page

A m algam ated C opper Oo.— D iv id e n d . —A q u arterly d iv i
dend of Yz of 1 per cent was declared on T hursday, c o n tra st
ing w ith 1 per cent last Ja n u a ry , 1% per cen t last O ctober
and 2 p. c. q u arterly from October, 1899, to Ju ly , 1901, both
inclusive.
D ivid en d o f C ontrolled C o m p a n y R ed u ced . —See A naconda
Copper Mining Co. below.—V. 74, p. 579, 269.

A m erican A lk a li Co.—C o m m ittee's R e p o r t. —T he com m it
tee appointed ,to investigate th e accounts of th e com pany
(see V . 73, p. 958) reported a t th e m eeting on T h u rsday th a t
T ennessee C e n tra l R R .—C o n so lid a tio n —New M ortgage .— various discrepancies had been discovered, p a rticu larly w ith
The stockholders of th e N ashville & Clarksville on April 16 reference to th e am ount paid to th e C om m ercial Develop
voted to purchase th e o th er lines of th e system run n ing east m ent Com pany of E ngland for p aten ts.—V. 74, p. 632, 96.
w ardly from Nashville, including th e Tennessee Central
R ailw ay, th e Nashville Sc K noxville R R ., etc, and to change
A m erican R rake-Shoo & F o u n d ry Co.— P la n ts .—In ad d i
the nam e of th e consolidated com pany to th e Tennessee tion to the properties already nam ed th e com pany re c e n tly
C entral Railroad Co, T he capital stock of th e new com  took over th e property of th e S treeter Brake-Shoe Co., C hi
pany Is lim ited to $8,000,000, par value of shares $100, all cago, 111. See V. 74, p. 579.

b32

THE CHRONICLE

A m erican llouiiny Co. —In c o rp o ra tio n . —This company,
incorporated in New Jersey on March 10 and capitalized
a t *>.5,000,1)00, of which $3,500,000 common stock, $1,350,000
6 per cent cumulative preferred stock and $1,350,000 first
mortgage 5 per cent 35 year s i n k i n g fund gold bonds, has
absorbed the following properties :
In d ian a p o lis H o m in y M ills, In d ia n a p o lis ; C erealine M a n u fac tu rin g
Cu , ia d ia n a p o lis i H u d a u t Cto , T erre H a u te, la d ,; r e r r e H a u te Hornlay Mills Co,, T e rre H a u te ; S h e lia b a rg e r Mills A E le v a to r Oo„ Dee a tu r, 111.; P r a tt O eroal M ills Oo., D e c a tu r, 111.; M. M. W right & Oo.,
D auvlile, 111,: M iam i M aize Oo,, Toledo, O,; J o y , M orton Oo., H a m 
b u rg , Iow a.

These m ills are located in the center of the white-corn
belt of the United States, and we are informed ground last
year about 20,001,00) bushels of white corn, of which 85 per
cent was converted into brewers’ grits, corn oil, feed and
hominy.
Tne officers and directors are :

P re sid e n t, H a rv ey B ates Jr.; Or a irm a n of b o a rd of d ire c to rs, B. G.
H a d n a t; V ice-P resident, B. K, P r a t t ; T re a su re r, L. O. B o d m a n ; Sec
re ta ry , W. F. H tiellabarger.
D ire c to rs: H arv ey B ates J r „ B. G, H u d n u t, F. M. A fter holt, T. P.
Shonta, T. r. Gaff. R. E. P ra tt, L. O. B odm an, W. L. S h e lla b a rg e r, J oy
M orton, G eorge M W right a n d W endell J . W right.

The company, w hich has its general offices in the G reat
N orthern Building, Chicago, w ill do a large export business.
F. M. A tterh o lt, of Akron, O., prom oted th e consolidation.
A m erican (R o u n d B ale) C otton Co.—$2,000,000 B o n d s.—
This com pany is arranging to issue $3,000,000 6 per cent 3year gold debenture bonds due A pril 1,1905, to take up about
$1,000,000 of existing indebtedness and to provide additional
w orking capital. The com pany last year tu rn ed out 500,000
bales of cotton and expects to increase this largely the cur
ren t year.—V. 74, p. 153.
A m erican C otton O il Co.—R u m o rs —See V irglnia-Carolina Chemical Co.—V, 73, p. 1059, 1063,1065,
A m erican W oolen Co.—S tr ik e . —The strik e w hich began
at one of the com pany’s m ills in Ja n u a ry last has la tte rly
assumed serious proportions. The weavers a t nearly all
th e m ills m aking (fancy w orsteds are now idle and deliveries
of this class of goods have had to be indefinitely postponed.
The strikers claim th a t of th e com pany’s total looms of all
kinds, num bering some 5,400, about 3,500 broad looms are
tied up by th e strike. The company, on th e other hand,
claim s to have “ m ore looms ru n n in g th a n any one would
suppose.” The efforts on Thursday to call o u t th e weavers
a t the W ashington Mill in Law rence seem to have failed, and
it is therefore hoped the w orst is past. The proposition to
equalize wages for th e double-loom w eaving of fancy goods
is the basis of th e tro u b le.—V. 74, p. 527, 534,
A naconda C opper M ining C o — D ivid en d R educed .— The
directors on Tuesday declared “ a dividend” of 50 cents per
share (2 p ercen t), contrasting w ith a “ sem i-annual” dividend
of $1 25 a share last October, and w ith $2 in A pril, and a t
preceding sem i-annual periods since Novem ber, 1899. A m a
jo rity of the $30,000,000 capital stock is owned by the A m al
gam ated Copper Co.—V. 73, p, 664,
B ay S ta te Gas Co.—R u m o rs.— See New E ngland Gas &
Coke below. - V . 74, p, 723, 328.
C anadian C opper Co.—Sale o f C ontrol.— The price paid
for stock of th is com pany (to tal issue $2,500,000) by the" In 
ternational Nickel Co. is reported by th e “ Cleveland L eader”
as about $175 per $100 share.—V. 74, p, 729.
C olorado F u e l & I r o n Co .— C alled Bonds.—G eneral m ort
gage bonds issued in 1889 by the Colorado F u el Co., have, to
th e am ount of $148,000, been draw n by lot for redem ption at
110 and interest on May 1 a t th e A tlan tic T ru st Co., 49 W all
St., after w hich date in terest thereon w ill cease,—V, 74, p.
729, 682.
C om m ercial T elephone Co., T e x a s, 'Etc.—M ortga g e.— T h is
com pany has filed a t A ustin, Tex,, a m ortgage to the T e rri
torial T ru st & Surety Co., as tru stee to seoure $1,000,000 first
m ortgage 6 per cent bonds, m atu rin g Ja n u a ry 1, 1922.
C onsolidated Gas Co., B a ltim o re .—No New C o m p a n y .—
The Governor of M aryland has vetoed th e bill incorporating
an opposition concern,—V. 73, p. 662.
C onsolidated S to rag e B a tte rie s Co.—C o n so lid a tio n .—
The company was incorporated in N ew Jersey on M arch 14,
w ith $10,000,000 authorized capital stock, in $50 shares, as a
consolidation of the In tern atio n al Storage B attery Co., a
M aine corporation w ith $1,000,000 stock, and U nited States
B attery Co., a New York S tate C orporation, w ith $250,000
stock, th e factory of th e la tte r being located in Brooklyn.
The plan of th e new com pany includes th e erection of a large
plan t in New Jersey. The batteries m anufactured are claimed
to em brace im provem ents on any heretofore m ade, and are
used for the follow ing purposes, v iz .:
C e n tra l sta tio n lig h tin g a n d pow er, e le c tric hells, c a rria g e s, e le v a 
to rs, lannohes, locom otives, lire a la rm te le g ra p h , p h o nographs, r a il
ro a d sw itch a n d sig n a l a p p a ra tu s , s tre e t c a r lig h tin g , te le g ra p h ,
tele p h o n e, tro lle y re g u la tio n , c a rria g e lig h tin g , a u to m a tic pian o s, etc.

A n d rew M cKinney & Co., of New Y ork, prom oted the
consolidation. The incorporators are: F ran k H, Lord, Oscar
L. G ugelm an and George T. Holmes. The tran sfer of the
plan t of th e U nited States B attery Co. w as delayed by
the death of one of th e interested parties, b u t having been
fnlly agreed upon was expected to be effected shortly. Of the
authorized capital stock (all of one class), th e present issue is
to be $6,000,000; no bonds, old or new. New Jersey repre
sentative, C orporation T ru st Co.

[Voti. LXXIV

Dominion Coal Co.—lie -c a p ita lisa tio n a n d L ea se. —See Do
minion Iron & Steel Co. below.—V. 73, p. 30.
D o m i n i o n Iro n & S teel Co. —Lease o f D o m in io n Goal Co.
A rranged--N exo S to c k . —The directors on A pril 14 un an i
mously adopted resolutions recom m ending to the share
holders a lease of the properties of the Dominion Coal Co.,
guaranteeing dividends at the rate of 8 per cent per annum
on the coal com pany’s common stock. By the term s of the
proposed agreenm nt the coal company w ill pay off its $2,700,000 bonds and $3,000,000 preferred stock by the issue of
$5,000,000 common stock a t 120 to its common shareholders,
thereby increasing its total capitalization to $20,000,000.
Mr. Jam es Roes says :
I t is ex p ec te d th a t th e n e t e a rn in g s of th e Goal Com pany will be suffloient no t o n ly to pay the re n ta l w hich th e Steel C om pany has u n d e r
tak en , b u t w ill soon provide anttlelent su rp lu s earn in g s to m eet th e
in te re s t on th e bonds a n d th e div id en d on th e p re fe rre d stock of th e
Steel Com pany, th u s lea v in g th e e n tire e arn in g s of th e B teelC om pany
a v ailab le for d iv id e n d s on its com m on stock.

New S to c k .—T h e directors also voted on A pril 14 to issue
$5,000,000 new stock and to offer it at sixty cents on th e dol
lar to the present shareholders, pro rata. The whole am ount
has been un d erw ritten by a strong syndicate of Canadian and
American capitalists interested in the tw o enterprises. This
issue will, it is understood, increase the common stock from
$15,000,000 to $20,000,000. The shareholders w ill meet May
1 to authorize the new stock.
Officers.—H enry M. W hitney, it is stated, has resigned the
presidency of Dominion Iron & Steel and w ill probably be
succeeded by Jam es Ross of Toronto. The board includes :
Ja m e s Ross, A. J . M oxham , Sir W illiam V an H orne, H on. L. J . F o r
get, Hon. R o b e rt M ackay, R. B. A ngus, H on, G. A C ox, T o ro n to ;
E llas R ogers, T oronto ; H. F. D lm ook, N ew Y o rk ; F . 8. P e a rso n , New
Y ork ; W. B. Ross, H a lifa x ; B. F . P earso n , H a llf a x .- V . 74, p. 729,
5S0.

E astm an ’s L im ited .—R e p o rt—P a ym en t on A c c u m u la te d
D iv id e n d s. —The London “ F inancial N ew s” says :
T he re p o rt fo r 1901 show s n e t profi t £79,810; to w hich add £2,436
b ro u g h t fo rw ard , m aklDg a to ta l of £82,247. O u t of th is a dividend
of 5 p. o., less incom e ta x , on th e p re fe re n c e sh ares, fo r th e TJs m o n th s
ended J u n e 30, 1899, w as paid on J u ly 1 ,1 9 0 1 , a m o u n tin g to £23.653,
and a fu rth e r dividend of l i p . c. fo r th e lBkr m o n th s end ed Nov. 15,
1900, w as p a id on J a n . 1, 1902, a m o u n tin g to £51,809. T his leav es a
o re d lt b a la n ce of £ 6 ,7 8 4 to b e c a rrie d fo rw a rd to 1902. A fte r th e
above m entioned p a y m e n ts th e re are a rre a rs on th e 8 p. c. c u m u la 
tiv e p re fe re n ce sh a res e q u iv a le n t to 9 p. c., o r 18s. p e r share. Since
la s t re p o rt th e p ro p e rty in N ew York h a s b een sold fo r $930,000, o u t
of w hich th e o rig in a l m o rtg a g e of $400,000 on th e p ro p e rty of th e
A m erican com p an y h a s b een paid off, a n d of th e b alan ce ($530,000)
th is com pany h a s received £ 9 9,049 on aocount. On J a n . 1 ,1 9 0 2 , th e
balance of th e 6 p e r c e n t d e b en tu res, a m o u n tin g to £ 1 00,380, w a s re 
deemed , th u s re in s ta tin g th e p re fe re n ce sh a re s as th e first charge
upon th e asse ts.—V. 70, p. 844.

E lectric Company of A m erica.—E a r n in g s — A circu lar
signed by President Snowden says :
T he re su lts of th e o p e ra tio n of th e com pany fo r th e y e a r e n ding Deo,
31st, 1901, a re 'th e m ost sa tis fa c to ry of a n y y e a r since its o rg a n iz a 
tion. T he n e t e a rn in g s from o p e ra tin g su b sid ia ry com panies alone
w as over $280,000, or a b o u t$80,000 in e x ee ss of o u r p re s e n t dividend.
The su rp lu s a cc o u n t w ill show a c red it b a la n ce of a b o u t $900,000.
The n e t e arn in g s from o p e ra tio n s a re s te a d ily in cre asin g ; fo r th e
m o nths of J a n u a ry and F e b ru a ry , 1902, th e in crease w as 32 p e r c en t
over th e sam e m o n th s of 1901. I confidently ex p eo t t h a t th e n e t e a rn 
ings from su b sid ia ry com panies alone w ill ,reaoh $325,000 fo r th e
y e a r 1902.

The question of elim inating the assessable feature of the
stock and reducing the par value of th e stock to $10 fu ll p a id ,
w ill be acted on by the shareholders A pril 22, In m aking
this change President Snowden say s: “ In doing th is the
large am ount standing to the credit of th e surplus account
will be utilized to as g reat an extent as is possible.”—Bee V.
74, p. 777.
F o re R iv e r S hip & E n g in e Co., Quincy, Mass.—S to ck
Offered.—This com pany, incorporated in New Jersey in F eb
ru ary, 1901, as th e successor of a copartnership dating back
to 1884, is offering for public subscription 10,000 shares of
preferred stock at p ar ($100 per share), one share of common
stock being given as bonus w ith each tw o shares of th e pre
ferred, The authorized capital stock is $4,000,000, one-half
of w hich is 7 p. c, non-cum ulative p re fe rre d ; outstanding,
including present offering, $1,500,000 common and $2,000,000
preferred. The ch arter provides th a t one-half of the net
profits in excess of 7 per cent on the preferred stock shall be
neld as a sinking fund for retirin g the preferred stock a t 125.
The earnings for the five m onths ended Dec. 31, 1901, are re
ported as $101,574. The contracts in band aggregate $8,907,000, including the 15,000-ton battleships, New Jersey and
Rhode Island, a 11,000-ton seven-masted steel schooner, etc.
Officers:

T hom as A. W atson, P re sid e n t; D. H . A n d re w s: C harles S. D e n n is ;
Ja m e s B. D ill; G eorge W. D a v en p o rt, S e c retary a n d T re a su re r;
F ra n k o . W ellington, G en eral M a n a g er; H o w ard P . E lw e ll; W illiam
C. H abberley.

Boston office, 176 Federal St.
Illin o is C ar & E q u ip m en t Co.—Lease.—See Pressed Steel
Oar Co. below.—V. 74, p. 729.
In te r n a tio n a l N ickel Co,—Office.— The company has taken
offices in the new building, Nos. 73-74 Broadway.
P urchase P rice. —See C anadian Copper Co. above.—Y. 74,
p. 730.
I n te rn a tio n a l P o w er Co.—F irst D ivid en d on Common
S to ck. —The company on F riday declared a “ q u arterly ” divi
dend of 2% per cent on its $8,400,000 common stock,
P resid en t’s P urchase.— Presic!out J. H . Hoadlev has p u r
chased “ for his own personal account and not- for the aocount
of the International Pow er,” certain assets of the defunct
New E ngland E lectric Vehicle Transportation Co, of Boston
(V. 73, p. 239) and also th e ch arter of the General Car-

A p k il 19, 1902.]

THE CHRONICLE

riage Co. of Now Y ork, tho tw o acquisitions, it is said, re p 
resenting about $1,000,000.
Office. E tc .— The com pany has tak en for its odices the
eighteenth floor of th e new C entury B uilding, No. 78 B road
w ay,—V. 72, p. 1240.
Memphis (Tenn.) Light & Power Co.—C o n d itio n a l Sale, o f
C o n tro l.— P resident 8. T. Carnes has m ade a ‘ conditional
.‘
sale ” of his holdings in the com pany's stock (about $255,000
of the issue of $500,000) to A nth o n y B rady of New York and
C. K, G. B illings of Chicago.—V. 72, p. 1139.
( F r a n k A .) M unsey Co.— In co rp o ra ted — S to ck O ffered.—
This com pany w as incorporated a t A lbany on A pril 12, w ith
$10,000,000 stock, all of one class, in $100 shares, to tak e over
th e m agazine and new spaper interests of F ra n k A Munsey,
publisher of “ Munsey’s M agazine,” th e “ A rgosy,” th e “ W ash
ington Daily Tim es” and th e “ New York D aily N ew s.” The
entire $10,000,000 stock is outstanding, a m a jo rity of it being
held by Mr. M unsey. The rem ainder of th e issue was recently
offered to th e public a t p ar, dividends to be paid q u arterly
from Ju ly 1, etc,, 1902.
A circu lar contains th e follow ing in fo rm atio n :
Mr. Munsey received last year from the properties conveyed to the
new company an amount equal to 7 per cent on the $10,000,000 stock.
The net profits of “Munsey Magazine” were $698,615; of “The Argosy”
(present circulation 265,000 copies) double those of previous year
and rapidly increasing; of the “Daily News” over $100,000.

833

The Allied Securities Co. w as incorporated in N ew Jersey
on A pril 7 (N ew Jersoy representative, C orporation Tnust
Co.) w ith nom inal authorized capital stock, under the
direction of the Chicago firm of Cody & Woodle for th e
purpose, as cu rren tly stated , of bringing under one control
tho leading w oven-w ire com panies of th e U nited S tates.—V,
73. p. 1859.
P en n sy lv an ia S teel Co. - R e p o r t .—The rep o rt of th e New
Jersey (parent) com pany shows th a t th e operating com pa
nies for the calendar year 1901 earned over charges and
depreciation $2,161,506, contrasting w ith $1,271,059 in 1900,
and paid dividends aggregating $1,150,750 to the N ew Jersey,
Company as ow ner of su b stantially all th e ir stock. The lastnam ed com pany from this and o th er sources derived $1,215,€62, and therefrom paid expenses of $30,581 and provided for
its preferred dividends ag g regating 7 per cent (including one
payable in May, 1902), viz., ab o u t $1,152,000, leaving a bal
ance of say $32,COO, to w hich should be added th e surplus
over dividends of th e operating com panies, viz., $1,010,756.—
V. 74, p. 534.
Pittsburg Coal Co.— B o n d Issu e . —The shareholders w ill
vote A pril 29 on a proposition to issue $6,000,000 of 5 per cent
m ortgage gold bonds, payable $1,000,000 yearly to and in 
cluding Feb. 1, 1908; p ar value of bonds, $25,000, in terest
payable qu arterly . The U nion T ru st Co. of P ittsb u rg , it is
said, w ill purchase th e en tire issue. T he proceeds w ill be
used to reim burse the com pany for th e large expenditures since
its organization in O ct., 1899, in th e purchase of coal lands
the area of these lands h aving been increased since th a t tim e
from 82,000 to over 150,000 acres, a t a cost as show n per bal
ance sheet of Dec. 31, 1901, of $6,192,392. (See Y. 74, p. 376.)
The bonds are to be secured by pledge of th e stocks of some
of th e underlying or subsidiary corporations.—V. 74, p. 376.
Planters Compress Co.—R e o rg a n iza tio n P la n .— E x p e ri
ence has show n th a t a proper extension of th e business re 
quires the com m ercial h an d lin g of a portion of th e products
baled upon the L ow ry com press. F o r th is ([reason a m ate
ria l increase in w orking cap ital is required; it also seems
best to merge th e business w ith th a t of the allied com pany,
the Indo-E gyptian Compress Co. A reorganization com m it
tee, consisting of O tto T. B annard, E dw ard D. Toland, T.
Jefferson Coolidge J r ,, Am os T. F ren ch , C harles H ayden
and A rth u r R. M arsh, has therefore prepared a plan of r e 
organization w hich provides th a t a new corporation shall
be organized to acquire th e business and assets of b o th cor
porations. The new com pany w ill issue th e follow ing:

T here is no present inten tio n of issuing bonds. The estab
lishm ent of a book d ep artm en t is contem plated.
New E n g la n d Gas & Coke Co.—R eceiver's C ertificates .—
Ju d g e Colt in th e U nited S tates C ircuit C ourt a t Boston on
Tuesday authorized th e issue of $285,000 receiver’s certifi
cates, w ith a first lien on th e property, in o rder to Day urg en t
claims, including it is said, about $205,000 due th e Dominion
Coal Co. fo r A pril and May coals, and tw o years’ taxes due
the city of E v erett.
D ep o sits ,—I t is announced th a t a larg e m a jo rity of th e stock
and the bonds has been deposited in accordance w ith the
circulars issued last week. See advertisem ent page ix.
R u m o r ,—In view of th e rep o rt from Boston th a t default is
likely to be m ade on th e Boston U n ited G as bonds (Bay S tate
Gas) p rep arato ry to a general reorganization, it is in teresting
to note the advertisem ent of th e M ercantile T ru st Co. of this
city calling for sealed proposals to sell to th e sinking fund
$90,000 of th e first series bonds a t n o t exceeding 105 and in 
te re s t.—Y. 74, p. 778.
New E n g la n d (B e ll) T elep h o n e & T e le g ra p h Co.— R ew
S to c k , —T he shareholders w ill vote May 5 on a proposition to
increase th e authorized capital stock from $20,000,000 to
N E W S E C U R IT IE S .
$30,000,000.—V 72, p. 1241.
Preferred stook, 7 p. e. non-oumulative, with preference
also as to principal in case of liquidation; par value
New York City District Water Supply Co.—See N ew Y ork
of shares, $1 0 0 .................................. ....... .................... .. $ 3 ,2 5 0 ,0 0 0
& W estchester W a te r Co. below .—Y. 71, p. 185.
Of which for assessment of $10 per $50-share on 180,000 trust shares, and $20 per share on 10,000 con
New York & Westchester Water Co. - C i t y M ay P ur
tracts for shares ($LQ0) of Planters Compress Co_
_
2,000,000
chase.— G overnor Odell on A p ril 18 signed th e bill author
For assessment of $2 50 per share on 125,000 shares
izing th e city eith er to buy* th e com pany’s p la n t or to
of the Indo-Egyptian Compress Co................................
312,500
lay new m ains to obtain a sufficient w a te r supply for the an 
To be used as the committee may deem advisable for
the acquisition of additional ginning plants, ware
nexed d istrict. The com pany, it is alleged, has been buying
houses or other property; for raising further cash
a p a rt of its w ater from th e city a t one cen t per 100 gallons
capital, expenses of reorganization, eto......................
937,500
and selling it to residents a t th irte e n cents per 100 gallons.
Common stock, in $100 shares............................................... $ 6 ,7 5 0 ,0 0 0
W . H . Ellis, P resident and one of th e receivers of the com 
1. In exchange for 180,000 trust shares (par value,
$9,000,000) of Planters Compress Co............................
4,500,000
pany, i3 quoted as saying:
If our property is appraised at less than $7,500,000, we will take
tho matter to the courts. I hold the value of our franchise alone at
$1,500,000. Our properties consist of over 61 miles of mains Inside
the city limits, two pumping stations, three reservoirs, one stand
pipe and 20 acres of land at Glen Park, and one pumping station in
Yonkers. The present oompany is a consolidation of the New York &
Westchester Water Oo., New York City Dlstriot Water Supply Oo.and
Upper New York City Water Co. The northerly limit of our water
system is at North Tarry town and the southerly limit at 177th Street.
We furnish water to 3,900 private consumers in the villages of West
Chester, Unlonport, Bronxdale, Willlamsbridge, Wakefield and East
Chester. We also supply the Catholic Protectory, Fort Sohuyler, New
York New Haven & Hartford RR., Hart’s Island, City Island, all the
schools and court houses In the Annexed Dlstriot, and 600 fire hy
drants in the Bronx for which the city pays us $40 per year per hy
drant. The combined stock of the three companies is $10,000,060,
and each oompany has issued $1,000,000 of 6 per cent first mortgage
bonds. We have not paid interest on the bonds since 1894, and that’s
why we are in the hands of a receiver. But our income showed an in
crease of $25,000 last year, and will show an even larger one the
present year.

The bondholders will, m eet to-day to consider th e situation.
—V. 73, p. 1013.
P a g e W oven-W ire F ence Co.—“ A llie d S e c u ritie s Co," to
A c q u ire C o n tro l. —A circu lar has been sent to the sharehold
ers of th is com pany (see V. 73, p. 1359,) offering to give in
exchange for th e com pany’s securities ($5,000,000 common
stock, $1,000,000 p referred stock and $2,000,000 5 per cent 20year gold bonds) stock of th e recently organized “ A llied Se
curities Co. on th e follow ing basis, viz,:
Nine hundred and fifty dollars of Allied Beourltles stock for $1,000
of the Page Oompany bonds, $95 of Allied Securities stock for $100 of
the Page Oompany preferred stock and $10 of Allied Securities stock
for $100 of the Page common stock.

These term s are said to have been accepted by a m ajority
in interest of th e shareholders.
The circu lar fu rth e r says :
The Hecnrities Company stock, by reason of its conservative capi
talization, on account or the large dividends that can be paid on it
from the earnings of the Page Company’s stook, which it acquires, will
have an Immediate market value of not less than $125 per share. We
believe the Allied Securities Oo.wlli be able to pay not less than a 10per-cent dividend In Its first corporate year and much larger dividends
thereafter. We believe more than five-sixths of the entire capital of
tne Page Company will be acquired by the Allied Beourltles Oo. In
that event the management of the Allied Beourilies Oo. will he vested
In a hoard of directors which will be largely composed of the directors
of the Page Oompany,

2. In exchange for 10,000 contracts for shares (par
value, $1,000,000) of the Planters Compress C o ......
500,000
3. In exchange for 125,000 shares of stock (par, $12,600,000) of the Indo-Egyptian Compress Co........
781,250
4. To be used as stated above in ease of $937,500 pre
ferred stook............................................. ............ ..............
968,750
Note.—The stock of the new corporation may be placed In the hand
of voting trustees for such time and upon such conditions as the re
organization Committee may determine, provided they believe it nec
essary for the protection of the minority stockholders.

The term s of exchange of th e old shares, etc., fo r th e n6W
securities are as follows:
I f p a y i n g ---- Will receive.——
.
Assess. New pref. New com.
Planters Compress Co.—
Trust shares (par, $5 0 )............................ $10 00
$10 00
$25 00
Contract for shares, equal to two trust
BhareB ($100;........................................ 20 00
20 00
50
Indo-Egyptian Comp. Co. stk., par, $100 2 50
2 50
6 25

I t is proposed th a t a t least $2,312,500 shall be c o n trib u te d
to th e new corporation as cash capital, and th a t th e new cor
poration shall assum e the outstanding liab ilities of both of
th e old companies. If the business and assets of th e P la n t
ers Compress Co. alone are acquired, th e cash capital con
trib u te d m ay be $2,000,000, and such reduction m ay be m ade
in the am ount of stock of th e new corporation to be issued
as the reorganization com m ittee m ay determ ine.
As prom pt action is im perative, th e tim e for deposit of
shares of the tw o companies w ith th e respective depositaries
is lim ited to A pril 25, 1902. T he tim e for declaring th e plan
operative is to be lim ited to A pril 1, 1903. The assessm ent
w ill be called on 30 days’ notice fro m th e com m ittee. The
depositaries are:
Planters Compress Co.; Old Colony Trust Co. of Boston and Conti
nental Trust Co. of New York.
Indo-Egyptian Compress Co.: City Trust Oo. of Boston or Manhattan
Trust Oo. of New York.

The com m ittee says: “ I t is believed th a t th e new business
offered, and w hich can be accepted, provided th is plan is
adopted, justifies the expectation th a t the new com pany w ill
earn from the s ta rt largely in excess of th e am ount required
to pay th e preferred dividend.” See also advertisem ent on
another page.—V. 74, p. 634.
i-df' F o r o t h e r I n v e s t m e n t N o w s s e e P a g e s 8 3 5 a n d 8 3 6 .

THE

834

CHKOMCLE

[VOL. LXXIV.

fleports and ^ocm um ts.
M EXICAN N A TIO N A L RA ILRO A D CO M PA N Y.
FIFTEENTH ANNUAL REPORT—FOB THE YEAR ENDING DECEMBER 31, 1001.
to be purchased w ith gold, especially fuel, a lto g eth er m ak in g
th is an u n u su ally h a rd year.
Looking back over th e history of th e C om pany’s opera
tions, in fa c t over th e traffic histo ry of all th e roads in M ex
A p r il 14, 1002.
ico, it will be seen th a t business depressions are very ra re
To the S to ckh o ld ers a n d B o n d h o ld ers:
occurrences. A un ifo rm and g rad u ally in creasin g traffic of
The follow ing re p o rt of th e op eratio n of your p ro p e rty for the railroads each y e a r over th e la st has been th e alm ost
th e y e a r e n d in g D ecem ber 31,1901, is re sp e c tfu lly su b m itte d u n v ary in g rule since th e opening of th e line. I t is th e g en
by th e B oard of D irectors:
eral opinion o f those m ost co m p eten t to form a co rrect
forecast on th e business of th e co u n try , th a t th e experience
ST A T E M E N T O P E A R N IN G S PROM A L L SO U RCES, A N D D IS 
of th e p ast tw elve m o n th s is only a tem p o rary b reak in the
B U R SEM EN TS U P O N A LL ACCOUNTS, F O R T H E
heretofore u n iform progress in th e business developm ent of
Y E A R E N D IN G D E C E M B E R 31, 1901.
Mexico ; a progress w hich m ay be said to have been p ra c ti
E a rn in g s fro m th e o p e ra tio n of th e ro a d , In M ex ican
cally u n in te rru p te d since tho c o u n try has felt th e influence
C u rre n c y .................................................... ..................................... $ 7 ,724,526 40
of m odern facilities of tra n sp o rta tio n . This opinion seem s
C o st of w o rk in g th e r o a d . . . . . . . . . . . . . — .............................. 4,8 0 1 ,3 3 3 '2 5
to be w ell founded, for th e recovery began to w ard s th e end
N e t o v e r c o st o f w o r k i n g . . . . . . . . .................................... ..$ 2 ,9 2 3 ,1 0 3 15
of th e year 1901, a n d for th e first th re e m onth s of th e pres
e n t y ear traffic receipts have increased over th e sam e th re e
E q u iv alen t in Gold (47-8 9 9 8 )............................................. .$1,400,197 90 m onths of th e y e a r previous a b o u t $132,000.
For th e reasons alread y sta te d , an y com parison of e x 
F rom w h ich d e d u c t e x tra o rd in a ry rep airs a n d
penses w ith last y ear w ould n o t only be w ith o u t use, b u t
rep lacem en ts, n o t p ro p erly ch arg eab le to Cap
a c tu a lly m isleading. For in stan ce, th e figures for th e w o rk 
i t a l A ccount.
ing expenses of th e line show a n increase over those of la st
V. S. Currency.
A dditions to locom otive eq uipm ent.............. $56,830 34
y ear of $698,256 65, w hile th e p ercen tag e of gross earn in g s
A dditionsto oar equipm en t.......... .
7,113 67
required for w o rk in g expenses seems to h av e risen from
4,196 84
A dditions to shop buildings............... .............
52-16 in 1900 to 62-16 in 190 L As a m a tte r of fa c t, th e re has
Additions to the tracks and right-of-way
g ro u n d s.................................................... .
3,642 24
been no m a te ria l changes beyond those due to flu ctu atio n s
N ew w arehouses and statio n b u ild in g s.........
3,828 i 8
in volum e of traffic, th e a p p a re n t difference b eing chiefly
Change of lice and g rad ie n t...................
537 83
caused th ro u g h th e operation of th e system of an a rb itra ry
Increased w eight of rails ren ew ed ................
8,777 60
ra te of ex ch an g e u n d e r th e fo rm er system w hich absorbed
1,964 78
A dditional p erm an en t w a te r fa c ilitie s.........
in to an exchange acco u n t d eb its a c c ru in g on gold p u rc h a se s
$ 8 6 ,8 9 0 98
w hich now form a d ire c t charge to o p eratin g expenses.
Less:
The E x ch an g e A cco u n t b eing finally ch arg ed a g a in st I n 
6,853 55
P ro c e e d s of sale of t r a c k s a t M o n te rey .
8 0,037 43 come, th e n e t re su lt was n o t affected.
The U ru ap an E x tension, 76 k ilo m eters in len g th , c o m 
B a la n c e re m a in in g .......................... .........................................$1 ,3 2 0 ,1 6 0 47
pleted and opened for operation in 1898, stan d s on our b o o k s
F ro m w h ich d e d u c t th e follow ing g e n e ra l ex 
as a cap ital asset for $381,006 95 U n ite d S tates c u rre n c y ,
penses, n o t in c lu d e d in th e cost of w o rk in g th e
w hich is th e n e t cost of th e p ro p erty to th e C om pany a f te r
road.
applying, in red u ctio n of th e original cost of c o n stru c tio n ,
T a x e s ....................................
$ 2 1,328 48
th e subsidies received from th e F ederal G ov ern m en t a n d
E x p e n s e s , oolleotion a n d d is trib u tio n of
from th e S ta te of M ichoacan. In M exican c u rre n c y th e
s u b s id y ........ .................................
281 21
earn in g s of th e E x ten sio n d u rin g th e y e a r have been $125,E x p e n s e s , L o n d o n A g e n o y ..............................
5,093 43
781 64. The expenses h av e been $80,319 18, a n d th e n e t
E x c h a n g e ....................................................................
21,598 04
I n te r e s t a n d d i s c o u n t . .. .. . ..............
9,417 85
$45,462 46.
R e n ta l M ichoaoan & P acific lea se d lin e ___ _
3,756 31
The re su lt of th e lease of th e M ichoacan & Pacific road
A m o u n t w r itte n off a c c o u n t o f d e p re c ia tio n
w hich w as effected on th e first day of A u g u st in 1900, lias
in M ex ican a sse ts p r io r to 1 9 0 1 ................
109,090 91
--------------- —
170,566 23 been som ew hat disappointing. The in te rv a l b etw een the
date of th e lease a n d th e close of th e p resen t y e a r covers th e
N e t o v e r a ll e x p e n se s, re n e w a ls a n d r e 
period of th e business depression of th e c o u n try above re
p la c e m e n ts ....................................... - ........... ............................... $1,14 9 ,5 9 4 24
I n t e r e s t on P r io r L ie n B onds fo r 1 9 0 1 . .. . ................... . . . .
6 5 3 ,0 0 0 0 0 ferred to, a n d as a consequence th is road suffered w ith th e
others. Y our C om pany has suffered no loss in th e lease, b e
$ 4 9 6 ,5 9 4 24
cause th e re n ta l w as fixed upon th e basis of a p ercen tag e of
B a la n c e fro m y e a r 1 9 0 0 . . . . . . ............................ $ 5 5 0,080 49
th e earn in g s, w ith a m in im u m reserved for th e cost of op er
L ess 4ia p e r c e n t d iv id e n d d e c la re d on “ A ”
B o n d s In 190 1 ......................................... .
5 4 7,425 00
a tin g th e p ro p erty . T his m in im u m h a s p ro tected yo u r Com
pany ag ain st loss in its operation. The traffic is im proving,
B a la n c e re m a in in g on h a n d ........... ............................. ........ $ 4 9 9 ,2 4 9 73 and it is confidently expected th a t sa tisfa c to ry resu lts w ill
be obtained in th e n e a r fu tu re .
R eference m ay be h a d to th e u su a l sta te m e n ts of th e T reas
u re r, p ublished h ere w ith , fo r m ore d etailed in fo rm atio n as
The follow ing is th e d etailed sta te m e n t of th e disburse
to earn in g s a n d ex p en d itu res.
m e n t on account of ad d itio n s an d im p rovem ents u n d e r the
The acco u n ts fo r th is y e a r hav e been k e p t in M exican head in g of “ E x tra o rd in a ry E x p en ses.”
cu rren c y , an d c o n v e rte d a t th e a c tu a l ra te of exchange,
S t a t io n s a n d W a r e h o u s e s —
Mex. C u rren c y ,
th u s re p la c in g th e system of a n a rb itra ry r a te h ereto fo re
F o r S u p e rin te n d e n t’s office a t S an tiag o ,! a n d e x te n d in g
used fo r convenience of bookkeeping. T he reasons for th e
fre ig h t B odega, c o m p le te d .................... ......................................
$4,507 61
use of th e fo rm er system , a n d fo r th e ch an g e to th e p re se n t F o r sto n e a n d b ric k p a s s e n g e r a n d fre ig h t s ta tio n a t D e
la T o rre, b u ild in g n o t c o m p le te d ..............................................
3,338 SO
one, w ere fu lly ex p lain ed in th e la s t a n n u a l re p o rt.
For
itio n a g ro n d t olores H id a lg o .........
25 58
As a consequence of th is ch an g e, no com parisons of F o r at q n irin gua d dM o n telre y suta tioan , D o to o m p le te d .............
fence a ro n d
n
120 5S
o p eratin g re su lts of th is y e a r w ith last, except as to gross
$7,992 07
earnin g s, w ould be Useful, a n d th e y a re th e re fo re om itted .
In m a k in g th e conversion of M exican assets a r d liabilities
I ncreas
W ter
c li es
to a c tu a l gold v alues a t th e close of la st y ear, a depreciation E x p en d e d in gc o n a ec tio F aw iitht iOjo- O aliente ta n k , on th e
in
n
n
of $280,780 76 was p ro d u c e d , w h ich w as explained in th e la st
n o rth e rn d iv isio n ............................................................................
$1,S50 00
a n n u a l rep o rt.
E x p e n d e d on a c c o u n t of stone, a n d iro n t a n k a t A g n a
B uena, on s o u th e rn d iv isio n ....... ..............................................
1,026 88
$109,090 91 of th is a m o u n t w as ch arg ed off a g a in st incom e
p letin V illald am a iro n ta n k , on m a so n ry , on th e
m o n th by m o n th d u rin g 1901. The a c tu a l n e t incom e from C omrth e rngd iv is io n .........................................................................
no
1.225 00
th e p ro p e rty over a ll expenses, ren ew als a n d re p lacem en ts
$4,101 88
is som ew hat in excess of la st y ear, b u t is red u ced to th e
figures show n of $1,149,594 24 by th e above change.
a d d it i o n s t o T r a c k s —
THIS M E X IC A N N A TIO N A L R A U B O I D

CO.

N EW Y O B K O F F IC E ,
No. l N ass au S t r e e t .

C IT Y O F M E X IC O O F F IC E ,
B ased ok la R efo r m a ,

O P E R A T IO N .

The gross ea rn in g s fo r th e y ear have been, in M exican
c u rre n c y , $142,172 59 less th a n for th e y e a r 1900.
Owdng- to a serious depression in th e business of th e co u n 
tr y , w h ich p rev ailed th ro u g h th e la te r m o n th s of 1900 and
alm ost e n tire ly th ro u g h th e y ear 1901, our incom e, in com 
m on w ith th a t of n e a rly all th e ra ilw a y lines an d o th e r
in d u strie s of th e c o u n try , suffered a red u ctio n .
In th e face of th is w e hav e h a d to m eet a depression in
th e price of th e M exican dollar, an d an alm ost co n sta n tly
grow in g in crease in th e p rice of those supplies w h ich had

D u rin g th e y e a r 1901 w e p u t in one a d d itio n a l side tra c k
a tN a v a , kilo. 30, and g ra d e d fo r a n a d d itio n a l side tra c k
a t kilo. 35, b u t tra c k h a s n o t been c o m p leted .
I n M o n terey fre ig h t y a rd fo u r a d d itio n a l tr a c k s w ere
finished a t a c o s t o f ......... ..............................................................
A t M on terey ste el p la n t tw o k ilo m e te rs o t tra c k w e re
b u ilt a t a c o s t of (n o t in c lu d in g v a lu e o f ra ils in tra c k s ) .
A t M o n te rey a n e w 66-ft. tu r n ta b le a n d som e w ork an
tu rn -ta b le p it w a s c h a rg e d o u t a t ........................... ................
T he w a lls of th e M o n terey ro u n d h o u se ..................- ......... ..
Fenoe a ro u n d ro u n d -h o u se a t M o n terey , ono-haif com 
p lete d ............ ......................................... ............. ...........................

$ 1,404 90
4,181 99
i ,2 00 00
8,500 00
1,060 70

$14,847 M
>

I’HK

A pril 19, 19 0 2 ,]
R eplacem ent

of

R a il s —

O n M e x ica n llnoB th e re w orn p u rc h a se d a n d la id 875*77
to n s of 45-lb. ste e l r a ti, of w h ich 4 5 3 1 0 to n s w ore laid
on s o u th e rn d iv isio n , from kilo. 1 u*7 to kilo. 1 43*8, a n d
422*7 to n s w e re laid on th e n o rth e rn d iv is io n , from kilo.
1020*7 to kilo. 1030*3. T o th is 'a c c o u n t th e v a lu e ,o f th e
d illeren o e in w e ig h t o f old ra il ta k e n up a n d now r a i l
la id , w a s c h a rg e d ................................ ............... ................. .
O n T e x a s Hues th e re w e re p u rc h a se d a n d laid 32 I *8 to n s
of 45-lb. s te e l r a il fro m M. P. i l l *2 to M. p , 115*7. To
th is a o o o u n t w a s o h a rg e d th e differen ce In w e ig h t b e 
tw e e n old a n d n e w r a i l ............................- .....................................
R epla cem en t

of

12,000 00

<5,325 00

L o c o m o t iv e s —

P a y m e n ts o n a c c o u n t o f e n g in e s p u rc h a se d In 1898, 1899
a n d 1 9 0 0 ...............................................................................................
Change

of

L in k

and

118,644 70

G r a d ie n t —

C h a n g in g a n d ra is in g th e g ra d e a n d le n g th e n in g th e c u l
v e r t a t kilo. 2 5 1 ........................................................... .................. .

1,122 63

A i r -.Bk a ic e N o t e s —

P a y m e n ts o n a ir-b ra k e n o te s ........................................................ .

14,851 20

T o ta l e x p e n d itu re s , a o o o u n t o f e x tr a o r d in a r y e x p e n s e s ... $ 1 8 1 ,4 0 2 30
F rom w hich w as d e d u c te d th e p ro c e e d s of th e sa le of tra o k
14,308 16
a t M o n te re y , to s m e lte r B , a m o u n tin g t o ..............................
L e a v in g a c h a rg e to e x tr a o r d in a r y e x p e n s e s f o r th e y e a r
1901 o f . ................................................................................................$ 1 6 7 ,0 9 4 14

FIRST MORTGAGE BONDS AND SUBSIDY.

The u su a l s ta te m e n t of th e T ru stee, sh o w in g th e moneycollected a n d its a p p lic a tio n , is p u b lish e d h e re w ith . The
follow ing is tb e n u m b e r of bonds w h ic h h av e' been d raw n
u p to th e close of 1901:
D ra w n fo r re d e m p tio n In 1 8 9 1 ....................................................
“
*•
1 8 9 2 . .. ..............................................
“
“
1 8 9 3 ....................................................
“
“
1 S 9 5 ....................................................
“
“
1 8 9 6 ............
“
“
1 8 9 7 ...............................................
“
"
1 8 9 8 ....................................
“
“
1 8 9 9 ...................
“
“
1 9 0 0 ......................................
“
“
1 9 0 1 ....................................................
“
“
1901 (s u p p le m e n ta l).............

$ 3 1 9 ,0 0 0 00
3 0 5 ,0 0 0 0 0
2 9 8 ,0 0 0 00
4 6 ,0 0 0 00
119,000 00
116,000 00
108,000 00
116,0 0 0 00
1 2 0 ,0 0 0 00
114,000 00
62 ,0 0 0 00

$ 1 ,7 2 1 ,0 0 0 00
P a id a n d c an c ele d u p to olose o f 1 9 0 0 .,___$ 1 ,5 3 6 ,0 0 0 00
P a id a n d c a n c e le d d u rin g 1 9 0 1 .....................
1 1 7 ,0 0 0 00
“
“
“
1901 (A c c o u n t)..
S u p p le m e n ta l d r a w in g ........................................
5 9 ,0 0 0 00
------------- ------- 1,712,000 00
L e a v in g y e t to b e p a id a n d c a n c e l e d . . . . ................................

,$9,000 00

T he proceeds fro m th e sale of th e tra m w a y in th e C ity o f
M exico, a n d th e in te re s t a c c ru in g th e re o n d u rin g th e tim e
th e m oney w as in th e h a n d s of th e T ru ste e , h as been a p 
plied to th e re d e m tio n of p rio r lie n b onds (su p p lem en tal
d ra w in g ), a n d th e s ta te m e n t h e re w ith p u b lish e d gives th e
d e ta ils of th e tra n s a c tio n .

P ressed S teel Car Co.—S u i t to P r e v e n t A c q u is itio n , —Jaco b
Rubino, No. 3 Broad Street, and Robert Wheelan and
J. R Deacon of Jersey City, as stockholders in this com pany,
on Tuesday obtained a temporary injunction from the C h an 
cery Court at Trenton, N. J., restraining the com pany from
acquiring control of the McCord Brothers’ plant at Hegewisch, III, It is alleged that the directors, without notice to
the stockholders, were proposing to use $550,000 of the com 
pany’s treasury cash for the purchase of $800,000 of the $1,250,000 capital stock of a new company to be formed to tak e
over the easiness of McCord Brothers, and that the M cCords
were to receive the remainder of the stock for $200,000 cash.
The new company, it is also stated, would not own the Sand
or plant, but wonld be obliged to pay the English ow ner,
namely the Ulino’s Car & Equipment Co., a rental therefor
of $60 000 a year for five years. (Y. 74, p. 729.)—V. 74, p.
580, 203.
Queens B orough (N %Y.) E le c tric L ig h t & Pow er Co —
O p tio n to Sell. —More than two-thirds of the cap ital

stock has been deposited with the Long Island L oan & Trust
Co. of Brooklyn in acceptance of an offer from an unknow n
source to bay the same at $125 per share for the common and
$150 per share for the preferred. The minority stock w ill be
urchased at the same rate if deposited on or before April 22.
he company’s capitalization is stated to be: Common stock,
$250,000; preferred stock, $160,000; bonds, $250,000.—V. 71,
p. 664.

P

R ochester (N. ¥ .) (las & E lectric Co.—I n P o sse ssio n —

G u a r a n te e d B o n d s . —A

835

O HIRONIC LE.

press despatch on April 16 said :

T he M u n ic ip a l G a s & E le c tric Co. a n d th e C itiz e n s’ L ig h t & P o w e r Co.
to -d a y p a sse d In to th e h a n d s o f th e R o c h e s te r G as & E le c tric Go. T he
M u n ic ip a l C o m p an y h a d n o ta n g ib le p ro p e rty ," h u t w as th r e a te n in g to
e s ta b lis h a g a s p l a n t In c o m p e titio n w ith th e old c o m p a n y . B o th
c o m p e tin g c o m p a n ie s, w ith th e C itiz e n s’ Im p o rta n t lig h t a n d
p o w e r p la n t, b e co m e t h e p ro p e rty of th e G as < E le c tric . T h e C iti
v
z e n s’ p ro p e rty Is to be b o nded fo r $ i ,50 0 ,0 0 9 in 4 0 -y e a r 4 ^ p e r c e n t
b o n d s. 'H ie G a s & E le c tric Co. g u a r a n te e s t h e b o n d s, w h ic h Is th e
c o n s id e ra tio n fo r th e sa le. T h e G as & E le c tric Co. n o w o w n s a b so 
lu te ly 90 p e r c e n t o f th e w a te r rig h ts In th is c it y .—V. 7 4 , p . 778.

Tacom a (W ash.) Co.—Steel C o m p a n y S to c k Offered.—T h e

company, organized under the laws of the State of Washing
ton with a capitalization of $25,000,000 in shares of one dollar
each, “ f u l l y paid and non-assessablc,” has applied $5,000,000
of its stock “toward the purchasing, leasing and developing
of properties” (described as “valued at $4,000,000”) and has re
cently been offering an unstated amount of its $20,000,000
treasury stock at 12]^ cents cash per $1 share. The company

READJUSTMENT OF TDK C O M PA N Y ’S D E B T .
I t has been a p p a re n t fo r sev eral y e a rs p a s t t h a t some
radical ch an g e m u st be m ade in th e financial affairs of th e
com pany to enab le it to raise fu n d s to s tre n g th e n its line*;
for h a n d lin g w ith econom y th e traffic w hich it now has, or
for b ro ad en in g its g au g e to en ab le it to m a in ta in its position
in th e co m p etitiv e traffic of th e c o u n try . T he u rg e n t n eces
sity t h a t som e actio n should be ta k e n in th is d ire c tio n w as
specifically p o in ted o u t in th e a n n u a l re p o rt of th e Board of
D irectors for th e y e a r 1899. E a rly in th e y e a r fo r w h ic h
th is re p o rt is w ritte n , Messrs. Speyer & Co. an d Messrs.
K uhn, Loeb & Co. of N ew Y ork, a n d M essrs. S peyer Bros,
of L ondon, a t th e re q u e st of m a n y of th e la rg e r h o ld ers of
th e securities, u n d e rto o k th e r e a d ju s tm e n t of th e co m p a n y ’s
finances. On th e 8th of O ctober la st a p la n for a read j u s t 
m e n t w as p e rfe c ted an d p u t o u t, a n d d u rin g th e m o n th of
D ecem ber, n e a rly all th e bonds a n d sto c k h a v in g been d e 
posited, it w as d eclared o p erativ e. In a sm u c h as p ra c tic a lly
all of th e bonds an d sto ck w ere d eposited a f te r th e te rm s of
th e re a d ju s tm e n t h ad been m ad e p u b lic, it is n o t n ecessary
to go in to d etails of th e p lan or to do m ore th a n in v ite th e
a tte n tio n of th e holders of th e few sh ares a n d bonds re m a in 
in g o u tsta n d in g to th e a d v isa b ility of th e ir a c c e p ta n c e of
th e a rra n g e m e n t w h ic h h a s so m a te ria lly im p ro v ed th e
position of th e com pany. A fter th e p la n of re a d ju s tm e n t
h ad been d eclared o p e ra tiv e steps w ere im m e d ia te ly ta k e n
to c a rry o u t th e c o n te m p la te d im p ro v e m e n ts, c h a n g e th e
g au g e of th e tr a c k b e tw e e n C ity of M exico a n d th e U n ite d
S ta te s fro n tie r, a n d o f th e T exas-M exican R y. b e tw e e n th e
fro n tie r a n d C orpus C h risti. T his w o rk is' now w ell in h a n d ,
a n d sa tisfa c to ry progress is b e in g m ade.
In c a rry in g o u t th e p la n of re a d ju s tm e n t, it w as fo u n d
advisable, a n d in m a n y resp ects im p o rta n t, fro m a leg al
p o in t of view , b o th in th is c o u n try a n d M exico, to s u b s ti
tu te a n ew com pany in th e p lace of y o u r p re se n t C om pany.
A c tin g upon th is course, a c h a r te r w as o b ta in e d u n d e r th e
law s of th e S ta te of U ta h fo r th e N a tio n a l R R . Co. of M ex
ico, a n d on th e te n th d a y of th e p re se n t m o n th a ll th e p ro p 
e rty of th e p re se n t C om pany w as tra n s fe rre d to it, th e
se c u rity holders of y o u r C om pany b ecom ing, to th e e x te n t
of th e ir p ro p erty , c o n trib u to rs to th e c a p ita l of th e n e w
C om pany. The n ew C om pany of course s u b s titu te s th e old
in a ll ow nership of assets a n d resp o n sib ilty for lia b ilitie s,
an d , w hile tb e deed of tra n s fe r w as e x e c u te d a n d th e p ro p 
e rty tra n s fe rre d on th e te n th of A pril, th e n e w C om pany
assum es th e resp o n sib ilities of a c c o u n ts a n d tra n s a c tio n s
fro m an d a fte r th e first d ay of J a n u a ry ,, 1902,
R esp ectfu lly su b m itte d ,
W . G. R A O U L ,
-

P re sid e n t.

claim s to ow n iro n m ines on R edondo Isla n d , B. C „ and else
w h ere, and re a l e sta te in vario u s localities.
T a m a ra c k (Copper),Mining
th e calen d ar y ear 1901 show s:
C a len d a r
R eceipts
yea r—
f r o m copper.
1 9 0 1 .............. $ 2 ,6 2 7 ,9 5 4
1 9 0 0 .............. 3 ,2 9 9 ,0 7 7

Co.—R e p o r t .—The

M in in g
p ro fit.
$ 8 0 7 ,4 0 8
1 ,1 9 9 ,1 4 1

re p o rt

for

D iv id e n d s
B a la n c e,
p a id .
s u r p lu s .
$ 1 ,2 0 0 ,0 0 0
*def. $ 3 9 2 ,5 9 4
1,020,000.
1 7 9 ,1 4 1

*T o th is a d d e x tr a o r d in a r y c o n s tru c tio n e x p e n s e s , $ 2 8 1 ,2 4 0 , m a k
in g t o t a l d e fic it, $ 6 7 3 ,8 3 3 .—V. 72, p. 579.

U n ite d S ta te s R u b b e r Co .— P ro x ie s A sk ed .—T alb o t J .
T ay lo r & Co., w ho a t la st w eek’s a n n u a l m e etin g voted a
m a jo rity of th e sto ck of th e R u b b e r G oods M an u factu rin g
Co. (m aker of ru b b e r goods o th e r th a n Ijoots and shoes), have
sen t a c irc u la r to th e sto ck h o ld ers of th e U n ited S tates
R u b b e r C o,, saying:
A s y o u a re d o u b tle s s a w a re , th e U n ite d S ta te s R u b b e r Co. h a s b e e n
e n g a g e d d u rin g th e p a s t y e a r in a p ric e w a r w ith c o m p e titiv e r u b b e r
[b o o t a n d shoe] c o m p a n ie s [n o t w ith th e R u b b e r G o o d s Mfg. Co.], in
c o n se q u e n c e o t w h ic h d iv id e n d s h a v e b e e n su s p e n d e d on th e sto c k s of
y o u r c o m p a n y . W e b -lie v e t h a t t b s s ta te of th in g s sh o u ld n o lo n g e r
h e p e rm itte d to c o n tin u e , a n d a re a s s u re d t h a t u n d e r p ro p e r a u s p ic e s
a w o rk in g a g re e m e n t c a n h e d e v is e d w h e re b y th is ru in o u s c o m p e ti
tio n a m o n g th e d iffe re n t ru b b e r c o m p a n ie s w ill c e a se . W e a n d o u r
a s s o c ia te s a re n o w in c o n tro l o f th e R u b b e r G oods M a n u fa c tu rin g Co.,
a n d w e c o n fid e n tly b e lie v e t h a t if th e sa m e in te r e s ts a r e p u t in c o n 
tr o l of t h e U n ite d S ta te s R u b b e r C o m p a n y , e a c h a c o -o p e ra tio n b e 
tw e e n th e d iffe re n t c o m p a n ie s can h e a r ra n g e d a s w ill g re a tly a d d to
th e v a lu e of y o u r sto c k . I f y o u sh o u ld d e s ire to v o te w ith u s, p le a s e
se n d u s th e e n clo se d p ro x y p ro p e rly sig n e d a n d w itn e s se d .

T he officers of tb e U n ited S tates Com pany hav e rep lied to
th is req u est by a c irc u la r le tte r callin g a tte n tio n to th e im 
proved condition of th e com pany, its stro n g bo ard of d ire c 
tors, in clu d in g not only leading m en in th e ru b b e r in d u stry ,
b u t fo u r recently-elected rep re se n ta tiv es of th e b a n k in g in 
terests, viz.:
F ra n c is L y n d e S te ts o n , c o u n se l fo r J . P. M o rg a n & Co.; F r a n c is L .
H in e , V ic e -P re sid e n t of th e F i r s t N a tio n a l B a n k of N ew Y o rk ; C om 
m o d o re E. C. B e n ed lo t of E. C. B e n e d ic t & Co., b a n k e rs , a n d M iddleto n 8. B u rrill of Z ab rlsk te, d u rrlll < M u rra y , c o u n s e llo rs a t la w .
Jfc

T he c irc u la r fu rth e r says :
A b o u t a y e a r a g o th e U n ite d S ta te s R u b b e r Co. re d u c e d p ric e s In
o rd e r to m e e t ra p id ly -g ro w in g c o m p e titio n In th e m a n u f a c tu r e of
b o o ts a n d shoes. T h e r e s u l t h a s b e e n th e a b a n d o n m e n t of s e v e ra l
c o m p a n ie s w hich a t th e tim e w e re p ro p o se d , o r w hich, h a v in g b e e n
o rg a n iz ed , h a d n o t s ta r te d . T h re e c o m p a n ie s th e n m a n u fa c tu rin g
ru b b e r b o o ts a n d sh o es h a v e sin c e gone o u t of b u sin e ss, a n d o th e rs
h a v e c u rta ile d th e ir o p e ra tio n s W h ile th is h a s b e e n th e e x p e rie n c e
of o u tsid e c o m p a n ie s, th e U n ite d S ta te s R u b b e r Co. a n d Its s u b s id ia ry
c o m p a n ies h a v e In c re a se d th e ir g ro ss s a le s of r u b b e r b o o ts a n d sh o e s
fro m $ 2 8,550,471 fo r th e e le v e n m o n th s e n d in g F eb . 28, 1901, to $44,855,385 fo r th e e le v e n m o n th s e n d in g Feb. 28, 1902, re a liz in g th e r e 
fro m p ric e s n o t t a r from cost.

836

THE CHRONICLE

R ecently m e njaiiaK enieut of tUe U nited S ta te s R ubber Co. has
funded th e e n tire Indebtedness of th e com pany a n d its su b sid ia ry oompitniea, m uo placing th e m in a tho ro u g h ly in d ep e n d en t position, and
en ab lin g the in tro d u c tio n of econom ies, The fa c t of this fu n d in g d u r
ing j, period of price w a r would, suggest th a t stro n g tinanoial in te re s ts
have uoutidenee in the p re se n t m an ag em en t of th e com p an y a n d in its
fu tu re sta b ility a n d p ro sp e rity .

On these grounds proxies are aeked to continue the present
management.—V. 74, p. 738, 684,
United States .Steel Corporation.—D escription o f New
Bonds.—The formal notice of the meeting to be held by the
stockholders on May 19 describes the new bonds as follows!
Bonds b e arin g in te re s t a t th e ra te of 5 p e r c en t p e r an n u m , the
p rin cip al being m ade p a y ab le in six ty y ears, a n d a t th e p le a su re of
th e c o rp o ra tio n redeem able a fte r th e e x p ira tio n of ten y ears from th e
d a te thereof. The Issue to be for th e p rincipal sum of $250,000,000,
a n d to be secured by a m ortgage, lieu, o r pledge u p o n th e p ro p e rty ,
a n d upon the stocks of o th e r c o rp o ra tio n s, no w held a n d ow ned or
h e re a fte r a cq u ired by the U n ited S ta te s Steel C o rp o ratio n ; w hich lien
or pledge shall be n e x t and sim ila r to th a t secu rin g bonds of th e cor
poratioli for $301,000,000 issued u nder a n d se c u re d by th e in d e n tu re
to th e U nited S ta te s T ru s t Co., d a te d A p ril 1, 1901.—V. 74, p .7 8 5 , 726.

Upper New York City W ater Co.—See New York & West
Chester Water Co, above.—V. 71, p. 186,
Van Choate E lectric Co.—Sold.—'This company’s prop
erty In Foxboro, Mass,, was purchased at judioial sale on
Monday for $58,000 by the Attleboro Bank, holders of a claim
for $50,000.— V. 73, p. 1114.
Y lrgloia-C arolina Chemical Co.—R um ors o f Projected
Consolidation.—Rumors have long been current of negotia
tions looking to an amalgamation of the interests of this
company, the American Cotton Oil Company, the American
(Round Bale) Cotton Co. and the Planters’ Compress Co.
Those iu interest belittle the reports, but the impression is
growing that plans for something of the kind are taking
shape.—Y. 74, p. 101.*
5
—■The growth of the stock and bond business in Chicago is
evidenced not only by the rapid increase in the number of
legitimate brokerage houses on La Salle Street, but is empha
sized by the constant enlargement of office quarters and the
increase of facilities by leading firms in that line. Messrs.
Bartlett, Frazier & Company, who within four years have
added the department of stocks and bonds to their already
well-established grain and provision business on the Board
of Trade, found their quarters on the bank floor of the W est
ern Union Telegraph Building inadequate for their growing
trade, and fortunately were able to induce the occupants on
the floor above them to move one floor higher, thus releasing
a suite of offices fronting 135 feet on Jackson Boulevard.
These they have now converted to their use. The main floor
is being fitted up in elaborate style, The customers’ room
alone is 28x36 feet, w ith a stock and grain board 28 feet long
by 15 feet high, surmounted by a clock with five dials, the
larger and center one giving Chicago time, and the others, re
spectively, N ew York, San Francisco, London and Paris
time, Besides this large public trading room, a beautiful
private room (18x15 feet) has been fitted up for customers,
and is equipped w ith easy chairs, desks, writing table and a
bookcase with the best works of reference, including a set
of the C o m m e r c ia l a n d F i n a n c ia l C h r o n i c l e . Adjoining
this room are the private offices of the several members of
the firm, all sumptuously equipped.
—The Trowbridge & Niver Co., Chicago, have prepared an
illustrated pamphlet descriptive of the Twin City Telephone
Co. of Minneapolis and St. Paul. This is a new independent
telephcne company which has in the short space of a year
secured about 6,000 subscribers. The President of the com
pany is E. H, Moulton, the Treasurer of the Farmers’ &
Mechanics’ Savings Bank, Minneapolis; Joseph Lockey,
Cashier of the National German-American Bank, St. Paul, is
the First Vice-President.
The Trowbridge & Niver Co. are off ering the first mortgage
5 per cent bonds, and w ill send on application copies of this
pamphlet. Address at First National Bank Building, Chi
cago, or 60 State Street, Boston.
—On the 1st of May Wm. H. Colvin & Co., the Chicago
bankers and brokers, w ill vacate that portion of their office
on the ground floor of the Woman’s Temple, covered by No.
190 La Salle St., and w ill occupy instead No. 186, now occu
pied by the Queen Insurance Co. of America. This, with
No. 188, w ill give the firm larger and better quarters than
before. The recently organized stock and grain house of W.
H, Laidley & Co. w ill remove at the same time from 226 La
Salle to 190 La Salle, the room vacated by Colvin & Co.
—The attention of investors is directed to the advertise
ment in another column of Jacob Rubino, offering the seven
per cent preferred stock of the Twin City Rapid Transit Co.
There is but $3,600,000 of the preferred stock and the divi
dend is cumulative. The company pays four per cent divi
dends on $15,000,000 common stock and the earnings show
over six per cent earned on the common.
—Redmond, Kerr & Co., 41 W all Street, have issued a re
vised edition of their pamphlet describing the Letters of
Credit issued by them, These letters are issued in pounds
sterling, francs, marks or dollars, and are available in all
parts of the world. The pamphlet contains many matters of
detail interesting to holders of Letters of Credit, and can be
had on request.
—George A. Jacob, the Chicago broker in stocks, bonds
and grain, w ill remove May 1st to the fourth floor of the
Chicago Stock Exchange.

[V O L .

LXXIV.

$lu ©nmmmial £itncs.
COMMERCIAL

EPITOME.

N igiht, April 18, 1902.
The condition of business in most lines of merchandise has
reflected a fair amount of activity to the trading. In some
sections of the country weather conditions have become more
settled and seasonable, and have been a favorable factor in
broadening the demand for seasonable goods. Weather re
ports, however, from the Middle W est and Southwest have
been unsatisfactory; continued low temperature and insuffi
cient moisture have been complained of. These reports have
been factors in the grain markets, stimulating speculative
buying and advancing prices. The action of the British Gov
ernment in placing an import duty on grain and flour into the
United Kingdom has had practically no effect upon the Amer
ican markets. Dairy products have been firm and prices for
butter have advanced sharply. O wing to the high prices for,
feedstuffs, dairymen during the winter have been feeding
their cows sparingly, thus affecting the supply of milk and
its products. Active and firm markets have continued to be
reported for iron and steel, with prices still tending upward.
Increased activity and a hardening of prices have been re
ported for leather and hides. Both shoe manufacturers and
exporters have been freer buyers of the former.
Lard on the spot has bad only a limited sale, as both ex
porters and refiners have been light buyers. Offerings,
however, have not been large and prices have held to a steady
basis, closing at 10T5c. for prime Western and 9^@9%c.
for prime City. Refined lard has been held at steady prices,
but the volume of business transacted has been reported as
limited. The close was at 10‘35c. for refined for the Conti
nent. Speculation in lard for future delivery at the Western
market has been moderately active. There has been some
liquidation by speculative holders, but prices have been held
steady by a light movement of hogs. The close was steady.
F r id a y

D A IL Y OLOBISG I B I C E S OB' LA R D F U T U R E S ,

Sat. Mon. Tues. Wed. Thurs. Fri.
May....................................... 10 07 1 0 1 0 1 0 1 0 10-05 10-07 10>07

Business in the local market for pork has been of a jobbing
character, but prices have held steady, w ith mess at $16 75@
17 50, family at $19@19 50 and short clear at $18 50@21. Cut
meats have been in demand at advancing prices, closing at
8@83^c. for pickled shoulders, 10%@llc. for pickled hams
and 9%@l0a. for pickled bellies, 14@10 lbs. average. Beef
Has been in limited supply and prices have advanced to $1Q@
10 50 for mess, $10@12 for packet, $12@13 50 for family and
$21 @22 50 for extra India mess in tcs. Tallow has been firmer
but quiet, closing at 6J^c. Stearines have sold freely and prices
have advanced to H e. for lard stearine and 12c. for oleo steariae. Cotton-see d oil has been in moderate demand and firmer,
closing at 48@433^c. for prime yellow. Butter has advanced
sharply, receipts being below requirements, closing at 28@
33c. for creamery. Cheese has been in fair demand and with
offerings limited prices have been firm, closing at 9@133^c.
for State factory, full cream. Fresh eggs have had a fairly
large sale and prices have been steady, with choice Western
at the close quoted at 17@173^e.
Brazil grades of coffee have shown decided weakness.
The feature has been a continued abnormally large crop
movement, which, w ith the excessive supplies in sight, has
had a discouraging influence upon the trade, and demand
has dragged, Brazil has continued a seller at declining
prices. The close was dull at 5J^c, for Rio No. 7. West
India growths have sold slowly, feeling the general depres
sion in the market, and quotations have been nominal, closing
with good Cucuta at 8@8^e. East India growths have been
quiet. Speculation in the market for contracts has been
more active. The continued large crop movement has
created increased pressure to sell and prices have declined.
The close was easier. Following are the closing asked prices:
5-40e.
........ 5-15e. O c t ............
April........ .
4*95e, i J u ly
_
M a y ............ 4-95o. | A u g .. . . . . . . _ 5-250. D eo _____ . . . . . 5-55o.
June............... 5-05o. [ Sept.. . . . . . . . . . . 5*30c. Jan . . . . . . . . . . . . 5-65o.

Offerings of raw sugar have been small, due to the lowrecord prices ruling, and the close was firm with refiners
buyers at 3 13-32c. for centrifugals, 96-deg. test, and 2 29-32c,
for muscovado. Refined sugar has been dull with granulated
quoted at 4*75c. list. Spices have been firm but quiet. Teas
have been in moderately active demand.
Kentucky tobacco has been in fair demand and firm. Both
exporters and the home trade have been steady buyers. Seedleaf tobacco has been in limited demand at steady values.
Foreign tobacco has had a better sale and business reported
includes 300 bales Havana at 40@70c. in bond.
The upward tendency to prices for Straits tin oontinned,
reflecting decidedly stronger foreign advices, and the close
was firm at $28 50@29 00. Ingot copper has been quiet and
unchanged, closing steady at
for Lake, Lead has had
a moderate sale and prices have not changed from 4T8t£o.
Spelter has been quiet but steady at 4*45c. Pig iron has been
firm, with spot supplies scarce and higher; quotations are
$15 50® 20 00.
Refined petroleum has advanced, closing steady at 7 U -,
K
in bbls., 8'50c. in cases and 4*85c. in bulb. Naphtha has been
unchanged at 9*05c. Credit balances advanced to $l 30.
Spirits turpentine has declined to 451.>yM6e,, closing quiet.
Rosins have been quiet but steady at $1 65 for common and
good strained. Hops have been in small supply and firm,
Wool has been firm but quiet.

837

THE CHRONICLE

A pril 10, 1902.]

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
F r i d a y N i g h t , A pril 18, 1902.
cleared, at the ports named. Wo add similar figures for
T h k M o v e m e n t o r t h e O r o p , a e Indicated by our telegr«uua New York, whion are prepared for our special use by Mesar«,
from the South to-night, Is given below. For the week ending Lambert A Barrows. Produce Exchange Building.
this evening the total reoeipts have reaohed 04,885 bales,
ON SHITOOAKD, W OI.KAItHI) JCOtt—
OT
against 70,018 bales last week and 00,890 b ales th e previous
week, making the total reoeipts since the 1st of S ept., 1901, A p r. 18 a t— Great
Ger Other Voastr
stock.
Total.
B r ita in V r’nce m a n y . Wor'gn wise.
7,014,718 bales, against 0,087,703 bales for the sam e period of
1900-1, showing an inorease since Sep. 1,1901, of 320,950 bales.
25,893 5,564 2,134 20,221 1,480 54,788 187,553
C O T T O N .

JUon.

Sues.

Wed.

G alveston........ 4,217
P ham, dtfl.
New O rleans... 2,088
17
M obile..............
Pensacola, Ao. . . . . . r
Savannah....... . 1,906
Brunsw’k.Ao. mmmmmm
Charleston----35
F t. Royal, Ao. mmmmmm
216
W ilm ington....
Wash’ton.Ao. . . . . . .
415
N orfolk............
N’p’t N ews, &o. . . . . . .

3,347

4,091

2,203

3,872

3,118
27

3,325
4

6,695
17

3,082
28

. . . . . .

......

......

.......

1,205

1,478

1,944

33

3

134

21

Hat.

Receipts at—

B altim ore........
Phlladel’a, Ao..

9,192

Hri.

518

.......

......

381

137

656

.......

. . . . . .

8
mmmmmm

.......

................

258

479

100
23

370

................

1,441

. . . . . .

. . . . . .

501
2
232

......

mmmmmm

Total.

1,773 19,503
2,101
2,101
2,678 21,016
7
100
6,868
6,30 )
924
7,975

132

1

216

50
145

. . . . . .

8,500 10,891 11,492

3,590
223
426
539
311
313

341

................

24

264

584
2
1,754

632
223
112

. . . . . .

......

Tot. th is week

......

. . . . . .

I h u r t.

25

8,863 15,897 64,835

The following shows the week's total reoeipts,the totalsinoe
Sept.1,1901, and the stook to-night, compared w ith la s ty e a r,
Stock.

1900-01.

1901-02.

Receipts to
A p ril 18.

This
week.

T his Since Hep.
week. 1 ,1 9 0 0 .

SinecBep.
1 ,1 9 0 1 .

G a lv e s to n ... 19,503 1,952,095
79,098
Sab. F ., Ao. 2,101
N ew O rle a n s 21,016 2,089,833
100 149,506
M o b ile ..........
P ’sa o o la, Ao. 6,368 211,187
7,975 1,068,278
S a v a n n a h ...
134,267
B r’wlok.Ao.
584 259,458
C h a rle s to n ..
2
1,551
F .B o y a l.A e .
1,754 269,685
W ilm in g to n .
882
W ash ’ll, A e.
3,590 428.794
N o r f o l k .. .. .
34,161
223
N ’p o r t N.,A o
426 107,211
N ew Y o rk ...
539 115,580
B o s to n .........
86,831
341
B a ltim o r e . .
27,266
313
P h lla d e l.A c .

24,178 1,859,745
323
46,807
21,144 2,182,674
664 103,199
1,762 154,455
9,848 981,970
3,794 108,499
514 213,688
936
665 254,397
522
6,715 363,273
32,107
4,296 121,456
2,312 184,216
58,560
289
778
21,259

T o ta ls ........ 64 835 7,014,718

77,282 6,687,763

1902.

1901.

69,230

132,293

243,341
10,041

267,446
11,999

43,994
3,465
1,223

73,017
4,219
5,186

12,511

7,018

30,644
1,032
197,544
33,000
10,768
5,730

21,030
140,209
46,000
5,012
4,493

661,523

717,969

In order that comparison may be made with o th e r years,
we give below the totals at leading ports for s i s seasons.
Receipts at—

1902

1901.

1899.

1900.

1898.

1897.

Mew O rlean s.
G alveston —
S a v a n n a h . . ..
C h a rle s to n . ..
M obile.............
N orfolk ...........
New Y ork . . .
O ther p o r t s .

11,974

500

278 10,091

..... ...... ...... ......
...... ...... ...... .....

2,000
2,000
4,000

.........

.........

.........

... ....

......

6,511
900
80

29,954
900
30

6,000

8,000
3,710
6,000

i.7 1 0
.........

2,000

.........
5,882 14,825 22,431 14,927 103,382

558,141

T o tal 1901.. 37,701 14,952 39,902 19,763 13,408 125,726
T o ta l 1900.. 16,757 2,986 ----- 60,760 ---- ' 16,230 96,783

692,243
432,345

T o ta l 1902.. 45,367

Speculation in cotton for fu tu re delivery has been*on a leas
extensive scale th an for several w eeks past. The tendency of
prices has continued u pw ard, especially fo r th e near-by de
liveries, b u t a t the higher prices th e re has been a considerable
falling off in the outside interest. The stre n g th of th e m a r
ket has appeared to be a reflection of the firm ness of th e spot
m arkets, Advices received from S outhern points rep o rt th a t
tnere has been good buying d u rin g the week by both dom es
tic spinners,and exporters, a t advancing prices. The export
clearances for th e week have been fairly heavy, confirm ing
the reports of buying by exporters. In speculative circles the
feature has been the buying of May contracts by a prom inent
export house, evidently w ith th e intention of receiving the
cotton. This dem and has also b ro u g h t shorts into the m ar
ket as buyers to cover contracts, and has carried prices for
May contracts to a prem ium over o th er m onths. The crop
m ovem ent for the week has been lig h t, th e am ount “ in
sight” showing a decrease as com pared w ith th e sam s week
last year. The action of th e New O rleans speculative m a r
ket during the week has a ttr a o te l m uch atten tio n . Prices
have advanced sharply on shorts covering and bull m a n ip u 
lation; a t the close prices were fa r above th e p arity of the
New York m arket. To-day trad in g was fairly active an d prices
fu rth e r advanced. Liverpool cable advices had a stre n g th 
ening influence; exports reported for the day w ere large, and
the crop m ovem ent for th e week w as slightly u n d er general
expectations. The close w as steady, w ith prices 1 point low er
to 12 points higher for th e day. Cotton on the spot has a d 
vanced, closing a t 9 7-16c. for m iddling uplands.

The rates on and off middling, as established Nov. 20,1901,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
F a i r . . . . .................... . . . . . . . c . 1-14 on G ood M iddling T in g e d ___
E ven
M iddling F a i r .................... 0*80 on S tric t G ood M id. T lnged.c. 0-20 on
S tric t G ood M id d lin g ...........0-50 on S tric t M iddling T in g e d ___0-06 off
G ood M iddling.............
0*32 on M iddling T in g e d ....................O T2 off
S tric t L ow M id d lin g ........... 0 T 4 off S tric t L ow Mid. T in g e d ... 0 34 off
Low M iddling................................0*38offM iddling S ta in e d ___ . . . . . 0-50 off
S tric t G ood O r d in a r y ......... 0-72 off S tric t L ow Mid. S ta in e d ... 1*06 off
Good O rd in a ry .................. 1-00 off L ow M iddling S ta in e d ....... 1*50 off

On this basis the official prices for a few of the g ra d e s for
the past week—A pril 12 to A pril 18—would be as follows.
UPLANDS.

Sat. Mom Traea
Stood O rdinary...^.__ . ___ 8*25 8 19 8*25
Low Middling__ . . ......
8*87 8*81 8'87
® l d d l i n g . . . . . . . . . . . . . . . . . 9*4 93ie QH
Good Middling.__ . . . . . . . . . . . . 9*57 9*51 9*57
Middling F a ir ............ ...... 10*05 9*99 10*05
GULF.
Sat. Mora Tmee
Good O rd in ary................. 8*50 8*44 8*50
Low Middling..................... „ 9*12 9*06 9*12
13,281
Middling,. . . . . . . . . . . . . . . . . . . . . . 9*2 971S 9*0
Good Middling....... . . . ....... 9*82 976 9*82
47,260
68,372
44,022
77,282
61,608
t o t . th is w k .
64,835
10*30 10*24 10*30
Middling Fair...... ...........
Since S e p t. 1 7014,713 6687,763 6152,908 7855,811 8211.670 6453,808
STAINED.
Sat. Mon Tue»
The exports for th e week ending this evening re a c h a to tal Low Middling___ ______ . __ 7*75 7*69 7*75
of 72,537 bales, of which 81,896 were to Great Britain, 20,375 M id d lin g ........................ 8*75 8*69 8*75
to Franoe and 20,206 to the rest of the Continent, Below S tric t L ow M iddling T in g e d ... 8*91 8*85 8*91
Good M id d lin g T in g e d ............... 9*25 9*19 9*25
are the exports for the week and since Sept. 1, 1901,

G a lv e s’n.A o.
N ew O rle a n s
M o b ile ..........
S a v a n n a h ...
O has’to n , Ao,
W ilm 'to n , Ac
N o rfo lk .........
N . N ew s, Ao.
A ll o t h e r s ...

B x p o rU
from —

21,604
21,016
100
7,975
586
1,754
3,590
223
7,987

24,501
21 144
664
9,348
514
685
0,716

2,731
13,264
1,819
9,471
1,775
200
3,272
197
11,293

fVstk M nd tnt A p r . 18,1902.
E xp o rte d to —

11,123
29,955
1,716
3,578
1,297
261
6,569
603
6,506

15,016
22,200
3,387
8,245
1,415
1,392
4,502
826
11,389

From fleet 1,1901, to A p r. 18.100*
S x p o r ttd t o -

G reet France C onti T o ta l Great France
nent. W u k . B rita in .

B r it ’n .

G a lr e tto n ....... 16,892 12,477
Bab. P aai, Ao.. ...... .....
Haw O rlean*.. 1,720 6,071
M obile............. ......
P a n ia o o la ....... 4,915 ......
S a v a n n a h ........ ......
......
Brurunrlok —
........
........
C h a rie » to n ...
........ ........
P o rt R o r a i—
, ....... ........
W ilm in g to n ...
N orfolk.......... . ........
H ’po rt N„ Ac.. . . . . . . .....
027
New Y o rk ....... 4,086
B o u to n ............
002 ........
B a ltim o re ....... 8,382
P h ilad elp h ia.. ee.ee.
San F ra n ., Ao.. ...... ......

...... 28,38,1
...... ......
0,268 17,968

......
6,807
........
........
.........
1,864
1,177
1,150

T o ta l............ 81,806 20,876 20,266
T o tal, 1000-01. 40,061 12,661 64,700

4,915
6,807
......
........
........

5,702
13,561
1,655
6,014
2,340
758
2,294
108
14.822

845,528
24,196
778,175
82,511
00,500
210,328
60,004
85,206

821,652
‘ 86,360
2
12,609
48,845
6,048

........
119,076
19,951
84,276
287,537 18,800
146,807
760
48,276
10,914
6,258

C onti
nent.

f o t .i

491,876 1,669,051
67,337
83,142
587,960 1,631,496
92,320
29,809
81,526 184,726
401,098 740,769
84,803 100,346
72,414 187,620

250,642
22,061
84,278
........
189,582 468,058
7,777
4,971 161,578
992
86,841
30,816
4,530
13,116
2,202
138,219 144,477
1,160
72,687 2,707,864 670.868 2,810,681 5,778,601
107,820 2,580.342 618.080 2.126 80l'6,»84,822

39,270
43,094
1,193
10,041
22,644
193,834
60,606

W ed
8*31
8*93
95is
9*63
10*11
W ed
8*56
9*18
99ie
9*83
10*36
W ed
7*81
8*81
8*97
9*31

'Fla.
8*37
8*99
9%
9*69
10*17
TStu

8*62
9*24
9%
9*94
10*42
Th.
7*87
8*87
9 03
9*37

F rl.
8*43
9 05
97ia
9*75
10*23
F ri.
8*68
9*30
9U16
10*00
10*48
F r l.
7*93
8*93
909
9*43

The quotations for middling upland at New York on
April 18 for eaoh of the past 82 years have been as follows.
1 9 0 2 ....o. 9716
1901......... 83s
1900......... 970
1899......... fl5ie
1898......... 6%
1897......... 7716
1896......... 7l5la
1895.

1894. ...0 . 79ie
1893. ....... 716i8
1892.
1891. ...... 815la
1890. ------ l U 3 la
1889.
1888
6iBie 1887. . . . . . lOBg

1886. . . . 0. 914
1885.
1884. ........ 1178
1883. .......103ia
1882.
1881. .....1 0 7 8
1880.
1879. .......1 I 7S

1878....C .1038
1877........ 11*4
1876........ 1SH
1875........ 16ifl
1874........ 17**
1873........ 19 >4
1872........ 23»8
1871........ 14%

A ccording to th e n e w c la ss ific a tio n M id d lin g w a s o n t h a t d a y q u o te d
^ o . lo w e r t h a n M id d lin g o f t h e o ld c la s s ific a tio n .

MARKET AND BALES

131,567
2,100

Spot M arket
Closed .

F utures
Ma r k et
Clo sed ,

Saturday.. D u ll....................... Quiet, __
Monday__ Q uiet a t i j a d e c. V ery ste a d y .
Tuesday... Q’t & s t ’y, ad. S t e a d y .........
Wednesday Q uiet a t lie a d v . Q uiet A st’dy
Thursday.. Q u iet a t l la adv. S t e a d y .........
Friday...... D ull a t i j a a d v .. S t e a d y .........
T o ta l.......

Sales of Spo t a co ntract .
E x
port.

Oon- Con
sum p. tract. Total.

....

176
59
—

236

8,800
2,500
8,700

8 ,3 0 0
2 ,500
3,876
59

9,600

9,785

838

TH E

CH ROM KILE.

|W ol . l x x i v ,

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Liverpool s to c k ..... ....b a le s . 1,000,000 678,000 555.000 1,561,000
Continental s to c k s ...... . . . . . . 658,000 497,000 669.000 786,000
American afloat for E u ro p e,.. 182,000 372,000 436.000 215,000
U nited S.................
......... tates stock.________ 661,523 717,969 529,078 825,858
U nited S tates in terio r stocks. 331,876 530,688 252,758 467,745
10,108
14,380
U nited S tates exports to-day.. 25,118
2,169
T otal A m e ric a n ......
2,758,517 2,797,826 2,451,944 3,869,983
Liverpool stock.................... ... 111,000 110,000 102,000
84.000
London stock.........
6,000
3,000
12,000
5,000
59,200
C ontinental s t o c k s ..... . . . . . . .
39,000
24,200
58,200
India afloat for E u ro p e .
121,000 135.000
93.000
28,000
29,000
80.000
Egypt. B rasil, Ac., afloat.......
66,000
30,000
Stock in A lexandria, E g y p t... 176,000 174.000 156.000 2 2 0 , 0 0 0
Stock in Bombay, I n d ia .. . . . . . 598,000 539.000 330.000 687,000
T otal E a st India, Ac...
1,117,000 1,058,200 672,200 1,178,200
T otal A m erican...............2 ,7 5 8 ,5 1 7 2,797,826 2,451,944 3,869,983
T otal Visible s u p p ly .......3 ,8 7 5 ,5 1 7 3,856,026 3,124.144 5,048,183
Middling U pland, Liverpool..
5S82d.
4 Bad.
5is 83d.
8®s4.
Middling U pland, New Y ork..
6440.
9716o.
8 380.
91 ^150.
E gypt Good Brown, Liverpool
69led.
6%d.
8Blfld.
Pernv. Rough Good, Liverpool
7d.
%
7 hid.
74ia.
Broach Fine, L iv erp o o l.... . . . 4 U i 6d.
81733d.
4 ffed.
5»sd.
Tinnevelly Good, L iverpool...
5516d.
45ied.
3»asd.
H F ” C o n tin e n ta l im p o r ts p a s t w e e k h a v e b een 69,000 b a le s.
T h e a b o v e fig u re s in d ic a te a n in c r e a s e in 1902 o f 19,49
b ale s as c o m p a re d w it h s a m e d a te o f 1901, a g a in o f 751,37
b ales o v e r 1900 a n d a d e c lin e o f 1,178,686 b a ls a fro m 1899.

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T h e V is ib l e b u p p l y o p C o tto n t o - n i g h t , a s m a d e u p D:
c a b le a n d t e le g r a p h , is a s fo llo w s , F o re ig n s to c k s , a s w ei
as t h e a flo a t, a r e t h i s w e e k ’s r e t u r n s , a n d c o n s e q u e n tly all
fo re ig n f ig u r e s a r e b r o u g h t d o w n to T h u r s d a y e v e n in g .
B u t t o m a k e t h e t o t a l t h e c o m p le te fig u re s fo r fco-nighi
(A p r, 18), w e a d d th e i t e m o f e x p o r ts f r o m th e U n ite d S ta te s
In c ln d in g in i t t h e e x p o r t s o f F r id a y o n ly
1902
1901,
1900.
1899
Stock a t Liverpool
baleeA , 111,000 788,000 657,000 1,645,000
Stock a t London______ ______
6,000 12,000
3,000
5,000
T otal G reat B ritain stock. 1,117,000 800,000 660,000 1,650,000
Stock a t H a m b u r g .............
14,000
18,000
18,000
27.000
Stock a t B r e m e n ....,.., . . . . . . 214,000 246,000 296.000 848.000
Stock a t A m sterd am .... . . . . . .
1,000
......
1,000
2,000
200
Stock a t R o tte rd a m .................
200
.........
200
3.000
Stock a t A n tw e rp _ . . . . . . . . .
_
5,000
6,000
7.000
Stock a t H a v r e .....___. . . . . . . 212,000 169,000 217.000 237.000
2.000
Stock a t M arseilles...............
2,000
4,000
5.000
88,000 126.000
Stock a t B a r c e lo n a ......_ _ 102,000
_
59,000
Stock a t G enoa................
43,000
45,000
66,000
75.000
2,000
Stock a t T rie s te ........... ......
4,000
8,000 ________ _______
18.000
T otal C ontinental sto ck s..
597,000 555,200 693, 20 o 845,200
T otal E uropean s to c k s .... 1,714,000 1,355,200 1,353,200 2,495,200
India cotton afloat for E urope
121,000 135,000
28,000
93,000
Amer. cotton afloat fo r E ’rope.
182,000 372,000 436,000 215,000
Sgypt,B razil,A c.,aflt.for E 'p e
66,000 30,000
29,000
30,000
Stock in A lexandria, E g y p t...
176,000 174,000 156,000 220,000
Stoek in Bombay, I n d i a .......
598,000 539,000 330,000 687,000
Stookin U nited States p o rts..
661,523 717,969 529,078 825,858
S to ek in U. 8. Interior tow ns..
331876 530,688 252,758 467,745
U nited States exports to-day..
25,118
2,169
10,103
14,380
Total Visible su p p ly .. . . . . . 3.875,517 3,856,026 3,124,144 5,048,183
Of t i e above, to tals of Am erican and o th er descriptions are as follows:
11

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T he a o o v e r o ta is sn o w t h a t t h e i n t e r i o r s to c k s h a v e der c m e d d u r in g th e w e e k 36,072 b a le s , a n d a r e to - n ig h t 198,812
a le s le ss t h a n a t s a m e p e rio d l a s t y e a r , T h e r e c e ip ts a t all
sowtis h a v e b e e n 4,606 b a le s less t h a n s a m e w e e k l a s t y e a r.

O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S in g e S e p t . 1,—
vfe g iv e b e lo w a s ta te m e n t s h o w in g t h e o v e r la n d m o v e m e n t
‘o r th e w e e k a n d s in c e S e p t, 1, a s m a d e u p fr o m te le g r a p h ic
re p o rts F r id a y n i g h t ,
T h e r e s u l t s f o r t h e w e e k e n d in g
A p r. 18 a n d s in c e S e p t, 1 in t h e l a s t tw o y e a r s a r e a s fo llo w s,
1901-1902.
A p ril 18.
Week.
Skipped—

Via St. L oaiB .^ ^ .
Vis C a ir o ...... . . . . . .
Via P a d u ca h ..... . . . .
Via Rock Iela n d ...
Via L o u isv ilie..^ ...
Via Cincinnati..,....,
Via other routes, <feo.
Total gross overland.-------

deduct sh ip m en ts—

Overland to ST. Y ., B o sto n , &e.
Between in te rio r to w n s .. . . . . . .
In lan d , Ac., from S o u th .. . . . . . .
T o ta lto b® d e d u c te d ....

7,848
1,046
30
2,803
1,748
1,693

S in ce
Sept. 1,

749,449
1S6.736
1,192
31,561
181,593
84,223
329,670

1900-1901.
ITsek.
4,771
2,350
134
2,418
2,482
2,086

Mince
Sept. 1.

776,038
204,320
5,086
54,141
124,733
91,193
266,983

15,168 1,514,424 14,241 1,522,494
1,619
263
1,889

336,918
62,018
48,310

7,675
1,023
597

385,491
96,780
54,773

3,771

447,246

9,295

537,044

Leaving to tal n e t o v erlan d * . 11,397 1,067,178 4,946 985.450
"^Including m ovem ent by rail to Canada.
The fo re g o in g s h o w s t h e w e e k ’s n e t o v e r la n d m o v e m e n t
th is y e a r h a s b e e n 11,397 b a le s, a g a in s t 4,946 b a le s f o r th e
w eek In 1901, a n d t h a t f o r t h e se a so n t o d a te t h e a g g r e g a te n e t
o v e rla n d e x h ib its a n excess o v e r a y e a r a g o o f 75,277 b a le s
1900-1901.
1901-1902.
in S ig h t a n d S p in n e r s ’
T a k in g s,

Week.

S in ce
Sept. 1 .

Was*.

Sept, 1,

Receipts a t ports to Apr. 1 8 . . . . . . 64,835 7,014,713 77,282 6,687,763
11,397 1,067,178 4,946 985,450
Wet overland to Apr. 18...... .
southern consum ption to Apr. 18. 37,000 1,175,000 33,000 1,032,000
T otal m a r k e te d ............... . 113,232 9,256,891 115.228 8,705,213
nserior stocks in e x c e s s ............ *36,072 202,571 20,340 486,061
94,888
Oame in to sight during w eek. 77,160
9,191,274
9,459*462
Total in sig h t Apr. 1 8 ..........
N orth’n spinners ta k ’gs Co Apr. 18 44,861 1,875,403 14,884 1,670.781
' Decrease during week.
M o v e m e n t in to s ig h t in p re v io u s y ea rs,
Sales.
Sine* Sept, l —
W eekSales.
1900—Apr. 20.................... 68.295 1899-00- Apr, 2 0 , ....... 8,888.454
94,131 1898-99-Apr. 21.. .... 10,27c.068
1 8 9 9 -Apr. 21.......
1898—Apr. 22................
75,801 1897-98—Apr. 2 7 ______1 0 ,3 5 5 .1 8 7
1897—
Apr. 23.................... 57,677 1896 97 Apr. S3.......... 7.990,975

Q uotatio ns fo r M id d l in g C otton at O t h e r M a r k e t s , -

Below are closing q u o tatio n s of m id d lin g co tto n a t .Southern
and oth er principal co tto n m a rk e ts for each day of th e w eek.
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
A pril 18

Satur.
9
9
9
8 IB18
81Bio
878
»
oq
w*4
9*2
9*16
9
8«16
9
8%
8*8

Galveston...
New Orleans
M obile.........
Savannah...
Charleston..
Wilmington.
Norfolk.......
B oston........
Baltim ore. .
Philadelphia
Augusta —
Memphis —
St. Louis__
H ouston_
_
Cincinnati ..
Little Rook.

Mon.
9
9
9
8iBj«
878
9
9*4
9*4
9710
9*is
9
S1&16
9
8\
8*8

1'ues.
9
9l,«
BL’io
87b
81*16^8
87S
9
9^1 r
t
9*4
98)
9*ig
9
Hl»i8
9
8*
8*e

Wednes.

TAMrs.

Fri.

9
!)*fl
« !>
87h
878
8 7a
9
9*4
9*4
9°10
9*10
9 l l«
8*B10
9
8%
8*2

9*8
9*4
9
91m
87a
«78
9 *8
9[*I0
9*l«
9*8
9sio
9*4
9
9
8%
8*8

9»i«
»‘*18
9*8
«810
9
8 7fl
9*4
9*8
9*8
91110
9*4
90 |B
9*10
8%
8*8

The closing quotations to-day (F riday) a t o th e r im p o rta n t
Southern m ark ets w ere as follows.
Athens______
Atlanta . . . .......
Charlotte____
Columbus, Ga.

1Columbus, Miss
9*4
9 l18 | Eufaula............
| L ouisville......
9
| Montgomery...
9

8*2

878
9*4
9

| N ash v ille.......
! N o tch es..........
j R aleigh ...........
I Shreveport_
_

878
9*18
9

9*8

N ew Orleans Option Market .—The h ig h est, low est and
closing quotatio n s for lead in g options in th e N ew O rleans
cotton m a rk e t th e p ast w eek have been as follows.
Sat’day. Monday, Tuesday, Wed'day, Thursd’y Friday,
Apr. 1 2. Apr. 1 4 . A pr. 1 5 . A pr. 10. Apr. 17". Apr. 18.
May—

Range —
Closing...

8 -9 1 & -0 2 3 -9 1 ® -9 8 8 -9 5 ® -0 6 9 -0 1 @ -1 4 9 -1 0 @ -2 7 9 -3 0@ -38
8 -9 5 @ -9 6 8 -9 8 ® -9 9 9 - 0 5 ® ,0 6 9 - 1 0 ® * ll 9 -2 2 ® -2 4 9 \> 0 ® -3 1

J uly—

R ange__
Closing...

9 -0!5@ T 4 9 -0 3 @ -U 9 - 0 6 ® ’ 18 9 -1 2 ® -2 5 9 -2 0 ® -3 6 9 -3 8 ® -4 5
9 -0 7 ® -0 3 J - 0 9 ® T 0 9 1 7 @ - 1 8 9 -2 1 ® -2 2 9 -3 2 ® -3 3 9 -4 0 ® -4 1

A ug u st—

R ange__
Closing...

8 -9 0 © -98 8 ’8 5 ® 9 6 8 - 8 9 ® '0 2 8 -9 5 ® -0 7 9 -0 3 ® -1 5 9 ,1 S @ , 19
8 -9 1 © -9 2 8 '9 2 ® - 9 ' 0 j ® -0 1 9 -0 2 ® -0 3 9 ‘0 8 ® -0 8 9 - 1 2 ® T 3

O ctober—

R ange__
Closing...

T one—

Spots.......
Options...

8 '0 9 ® -0 2 7 -9 8 @ ’0 1 8 -0 3 ® -0 6 8 -0 3 ® -0 5 8 - 0 2 ® ‘0 7 8 -0 3 @ -0 7
8 0 J ® -01 8 - 0 0 ® 'i 2 3 -0 5 ® -0 tf 8 -0 2 ® -0 4 8 -0 2 ® -0 7 8 * 0 1 ® ’0 3

Quiet.
Quiet.

839

THE CHRONICLE.

A pr il . 19, 1902 J

Firm.
Firm.
Firm.
F irm .
Quiet.
V’y st’dy V’y st’dy Steady. V’y st’dy B’rly st’y

W eather R eports by T elegraph .—O ur lelegraphio ad
vices from th e South th is evening indicate th a t in general
the w eather has been favorable d u rin g th e week and that
farm ing operations have m ade good progress inf most sta
tions. O ur G alveston correspondent°reports beneficial rains
in Texas. Bottom lands in th e vicin ity of M obile are still
too w et to plant, and some are still u n d er w ater.
G alveston, T e x a s.— Good rain s have fallen d u rin g the
week, benefiting th e grow ing plan t. W eath er has favored
p lanting and general farm work. I t has rain ed on tw o days
of tn e w eek, to th e ex ten t of one in ch and tw elve h u n 
dredths. The th erm o m eter has averaged 66, ran g in g from
60 to 72.
D a lla s, T exas — Rain has fallen on one day d u rin g the
week, th e ra in fa ll reaching seventy-four h u n d re d th s of an
in ch . The th erm o m eter h as ranged from 45 to 80, aver
aging 63.
A b ilen e, T e x a s. —T here has been rain on one day of the
week, the rain fall reaching one h u n d re d th of an inch. A v
erage therm o m eter 58, highest 72, low est 44.
L o n g v ie w , T ezas.— W e have had rain on one day during
th e week, to th e ex ten t of seventy h u n d re d th s of an inch.
T he therm o m eter has averaged 65, th e highest being 80 and
the low est 49.
H u n ts v ille , T e x a s.— R ain has fallen on one day of th e week,
to th e exten t of tw en ty nine hu n d red th s of an inch, The th er
m om eter has averaged 65, ra n g in g from 50 to 80.
L a m p a sa s, T e x a s — We have had no ra in d u rin g th e week.
T h e therm om eter has ran g ed from 46 to 80, averaging 63.
W e a th e rfo rd , T exa s.— T here has been ra in on one day of
th e week, th e p recipitation reaching tw en ty -th ree hundredths
of an inch. A verage therm om eter 58, highest 71, low est 45.
K errville, T exas. —W e have had ra in on one day during
th e week, th e precipitation being eig h t h u n d red th s of an
inch. The therm om eter has averaged 61, ran g in g from 43
to 79.
L u lin g , T e x a s.— I t has rained on one day of th e week, to
th e extent of th irty -tw o h u n d red th s of an inch. The th e r
m om eter has averaged 67, ranging from 50 to 83.
C uero, T e x a s. —W e have had rain on one day d uring tne
w eek, the p recipitation reaching seventy-five h u ndredths of
an inch The therm om eter has ranged from 57 to 85, av er
aging 71.
B re n h a m , T e x a s. —W e have had rain on tw o days during
the past week, to th e ex ten t of fifty-nine h u n d red th s of an
inch. A verage therm o m eter 65, highest 79 and low est 51.
S a n A n to n io , Texoji. —R ain has fallen on th ree days of the
week, to th e ex ten t of one inch and th ree h u n d red th s. The
therm om eter has averaged 68, th e highest being 82 and the
low est 54.
C orpus C h risti, T exa s. —We have had ra in on fo u r days of
t h e w e e k , th e ra in fa ll reaching forty-tw o hun d red th s of an
inch. The therm om eter has averaged 68, ran g in g from 60 to
76.
B a ris, T exa s. — We have had rain onjtw o days during the
week, th e p recipitation reaching ninety-seven hundredths of
an inch. The theirnoineter has ranged from 45 to 75, aver
aging 60.

P alestine, T exa s.— The w eek’s rainfall has been seventy
hundredths of an inch, o j tw o days. A verage therm om eter
63, highest 78 and lowest. 48.
H e n rietta , T exa s. —There has been ra in on tw o days during
the week, th e rainfall being eighty-five h u n dredths of an
inch. The therm om eter has aveiaged 69, the highest being
74 and the lowest 44.
New Orleans, L o u isia n a , —I t has rain ed on three days the
past week, the ra in fa ll being tw o inches and seventy-nine
hundredths. The th erm om eter has averaged 68.
Shreveport, L o u isia n a .— R ain has fallen on four days d u r
ing the week, the rain fall reaching fifty-eight h u n d red th s of
an inch. The th erm om eter has ranged from 50 to 80, av er
aging 66.
C olum bus, M ississip p i.— T h e re has been no rain th e past
week. Average th erm om eter 51, highest 62, lowest 40.
L ela n d , M ississip p i.— W e have had rain d u rin g th e
week, to the ex ten t of th irty -eig h t h u ndredths of an inch.
The therm om eter has averaged 59*7, the highest being 76 and
the low est 45.
V icksburg, M ississip p i.— Crop preparations are progressing
nicely. I t has rained on tw o days of the w eek, to th e ex ten t
of seventy-six hundredths of an inch. The therm om eter has
averaged 64, ranging from 53 to 80.
L ittle B ock, A r k a n s a s . —P lan tin g is m aking fair progress.
W e have had ra in on four days of th e past week, the rain fall
reaching one inch and eighteen h u ndredths. A verage th e r
m om eter 57, highest 72, low est 45.
H elena, A rk a n sa s.— F arm in g is m aking b e tte r progress.
W e have had rain on tw o days d u rin g th e week, th e p re 
cipitation being forty-nine h u n d red th s of an inch. The th e r
m om eter has averaged 57, the highest being 70 and th e low 
est 46.
M em phis, Tennessee. —The w eather has been favorable for
farm w ork and corn p lan tin g is active. Ram has fallen on
tw o days of the week, the precipitation being seventy-one
hundredths of an inch. T herm om eter has averaged 57*8,
ranging from 43 to 71 8.
Selm a, A la b a m a — T h e w eather has been qu ite favorable,
and planting is m aking good progress. T here has been ra in
on one day of the week, th e precip itatio n reaching tw elve
hundredths of an inch. The th erm om eter has averaged 69,
the highest being 80 and th e low est 51.
Mobile, A la b a m a .— The w eather has been favorable d u rin g
th e week, except ra th e r cool. C otton p lanting is m aking
good progress on uplands, b u t little has been done on low lands,
as soil is too w et and riv er bottom s are still under w ater. We
have had rain on th ree days of th e past week, th e rain fall
reaching'one inch and tw o hu n d red th s. A verage therm om eter
64, highest 74, low est 53.
M ontgom ery, A la b a m a — P la n tin g is progressing well. We
have had lig h t rain on tw o days d u rin g th e week, to th e ex
te n t of tw enty-tw o h u n d red th s of an inch. The therm om eter
has averaged 62, the h ig h est being 79 and th e low est 53.
M adison, F lo rid a .— T here has been ra in on tw o days of th e
week, the precipitation being fo rty-three h u n d red th s of an
inch. Therm om eter has averaged 69, ranging from 56 to 86,
S a v a n n a h , G eorgia. —W e have had rain on th ree days of
th e week, th e rain fall reaching forty-five h u n d red th s of an
inch. The therm om eter has averaged 64, ran g in g from 53
to 81.
A u g u sta , G eorgia. —P la n tin g is general, b u t th e season is
backw ard and abnorm ally cold. W e have h ad ra in on tw o
days during th e week, to th e e x te n t of one inch and tw entyfour hundredths. The th erm o m eter has ranged from 45 to
78, averaging 60.
S ta teb u rg , S o u th C aro lin a . —F avorable conditions have en
abled farm ers to push w ork steadily. R ain has fallen on tw o
days of th e week, to the e x ten t of forty-seven h u ndredths of
an inch. The th erm om eter has averaged 61, the highest
being 78-and th e low est 47.
G reenwood, S o u th C a ro lin a . —I t has rain ed d u rin g th e
week, to the e x ten t of tw elve h u n d red th s of an inch. The
therm om eter has averaged 58, ranging from 47 to 69,
C harleston, S o u th C a ro lin a .— T here has been ra in on four
days of th e week, the rain fall reaching fifty-three h u n dredths
of an inch. Average th erm o m eter 61, highest 78, low est 49.
C harlotte, N o rth C a ro lin a . —W e have had ra in du rin g the
week, th e precipitation reaching forty-seven h u n d red th s of
an inoh. The therm om eter has ranged from 40 to 73, averag
ing 56.
The follow ing statem ent we have also received by telegraph,
showing the height of the rivers a t th e points nam ed, a t
3 o’clock A pril 17, 1902, and A pril 18, 1901.
A pr. 17, ’02. A pr. 18, ’01.
Feet.
Feet.
13-5
14-7
21-0
28-7
16-5
8-5 '
110
163
372
41-2

New Orleans_ _
_
M em phis...........
vashvllle............
Shreveport...........
V ick sb u rg.........

I n d ia C otton M o v e m e n t fr o m a l l F o r t s ,— T he reoeipts
if cotton a t B om bay a n d th e sh ip m e n ts fro m a ll In d ia ports
for th e w eek e n d in g A pr. 17, and for th e season from Sept. 1
to A pril 17 for th re e y e a rs h av e been as follow s:
1901-02,
Ueeeipti at—
Week
Bombay..........

Ainea
dept. 1.

1900-01.
Week.

nine#
Sept. 1

1899 1900.
Week.

59,000 1.729.000 54,000 1.297,000 13,000

Fine*
Sept. 1.
789,000

THU

810
M n p o rtt

t to m —

For the Week,
Ureal
B r it a in

C H R O N IC L E

S in ce S e p tem b er 1,

j

Ureal
B r ita in .

C onti
n en t.

T o ta l.

20,000
25,000
3,000

21,000
28,000
3,000

4.000
56,000
2.000

300.000
405.000
47,000

304.000
461.000
49,000

1,000

1.000
1.000

2.000
3.000
1.000

18,000
20,000
10,000

20.000
28,000
11,000

1,000
7.000
1.000

5.000
12,000
4.000

6,000
19,000
6,000

C o n ti
n e n t.

t o ta l

B om bay—
1,000
1901-02..
19000 1 ..
1899 0 0 ..
C alcu tta
19010 2 .. 1,000
1900- 0 1 ..
1899- 0 0 ..
M a/lraa
1901- 02
19000 1 ..
1899- 0 0 ..
Ail Others—
1901- 0 2 ..
1900- 01
1899 0 0 ..

[V O L .

LXXIV,

b r a n d s a r e q u o te d a t 5% @ 6c., f. o. b ,, a c o c o r d in g to q u a lity .
J u t e b u t t s d u ll a n d n o m in a l a t
fo r p a p e r q u a lity
a n d 2 % (§S> 0 . f o r b a g g in g q u a lity . *
C o t t o n C r o p o p 1901-02—A g r ic u l t u r a l D e p a r t m e n t E s 
t im a t e a n d C e n s u s O f f i c e R e p o r t .— W e h a v e re c e iv e d t h i s
w e e k f r o m th e D iv is io n o f S ta tis tic s c f t h e D e p a r tm e n t o f
A g r i c u l t u r e t h e f o llo w in g “ t a b le s h o w in g th e e s tim a te o f
th e c o tto n c r o p o f th e p r e s e n t re a s o n m a d e by th e S t a t i s t i c i a n
o f th e D e p a r tm e n t o f A g r i c u l t u r e o n D e c . 3 , 1901, a n d t h e
r e p o r t, b a s e d o n r e t u r n s f r o m g i n n e r s , is s u e d b y t h e C e n s u s
O ffice A p r il 12, 1902, b o th b e in g in c o m m e r c ia l b a le s :”
I n p a rtm e n t o f
A g r ic u lt u r e .

C e n su s
Office.

Deportment of Census
Agriculture.

Office.

North Carolina... 4.-1,893
454 354 Arkansas............... 781,897
780,740
South Carolina... 777,835
730,003
2,500,701
1,000
44.000
45.000 Georgia................. 1,405,737 1.401,815 T exas......................2,48i,0ll
All o th e r s ........... 018,178
737,8 0 0
8,000
i'o'oo
4'o b o
56.000
64.000 Alabama............... 1,080,108 J, 182,739
1,000
25.000
26.000 Mississippi ........ 1.320,881
l,i!79,280
Total.
.9 ,0 /4 ,4 1 3
9 ,9 5 2 ,7 0 3
Louisiana............ 759,497
358,901
to ta l a llS h i p p i n g h e w s .— A s s h o w n o n & p r e v i o u s p a g e , t h e
8,000 367.000 375.000
1001 0 2 ..
2,000 20,000 22.000
74,000 493.000 667.000 • x p o r t s o f o o t t o n f r o m t h e U n i t e d S t a t e s t h e p a s t w e e k h a v e
3,000 30,000 33.0 0 0
1 9 0 0 -0 1 ..
3.000
3,000
5,000
86,000
1 8 9 9 -0 0 ..
91,000 re a o h e d 72,537 b a le s . T h e s h i p m e n t s I n d e t a i l , a s m a d e u p
f ro m m a i l a n d t e l e g r a p h i c r e t u r n s , a r e a s f o llo w s :
A lexandria Receipts and S hipments op Cotton.„
T o ta l b a les.
New York —T o L iv erp o o l, p er steam er Oevlo, 2.388 upland
A le x a n d r ia . S g y p l.
1901-02,
1900-01.
1899-1900.
and 1,100 Sea Isla n d .............. ...............................................
3,488
A p r il 16.
To H ull, per steam er Oonsuelo. 6 9 2 ................................ •___
692
To M anchester, p ar steam er Thespis, 608 upland and 198
R eceipts (ca n ta ta * )...
Sea I s la n d .......................................................... .......................
806
60,000
T his w eek ___. . . . . . .
14,000
27,000
To H avre, p er steam ers La C ham pagne, 700 u p land and
Since S ept. 1 , ...........
6,426,000
4,859,000
6,352,000
227 Sea I s la n d ........... ..................................................... .......
927
T his
S in ce
2’
Ai*
To A ntw erp, per steam er V aderland, 60...... ...........................
50
S in ce
T h is
S in c e
w eek. Sept. 1 ,1 w eek. Sept. 1 . w eek. Sept. 1.
To Genoa, p er steam ers O Itta di M ilano, 1 5 0 ......L a h n
(additional), 4 0 0 ...,....T r a v e , 9 64 ........................................ 1,514
To Naples, per steam er T rave, 30 0 ................. ............ ............
300
e x p o r ts (bales)—
7.000 280.0001 6,000 270.000 1,000 361.000 New Orlkanh- T o D u b lin -A p ril 12—Sir. B ray H ead, 1,729... 1,729
To L iv erp o o l._____
To H av re— pril 1 1 - Steam er Concordia, 3,121_ A pril 17
A
_
11,000 412,000 7,000 228.000 5,000 350.000
To C o n tin e n t 1— . .
6,971
—Steam er Z ortzlrak B at, 3,8 5 0 ................................. .
To Brem en—April 16—Steam er C alrnerag, 6 ,8 5 3 ................ 6,853
T o ta l E u r o p e ___ 18,000 692,000 13,000 498,000 6,000 711,000
To H a m b u rg -A p ril 15—
Steam er D ortm und. 2,415.............. 2,415
* A o a n ta rl8 93 p o u n d s
team er
♦ Of w hich to A m erica In 1901-02,89,087 b ales; in 1900-01, 38,589 G alveston —To Liverpool—A pril 17—Slln H e a dIra d a , 15,642.. 15,642
To B elfast—April 12—Steam er R a th
, 250.................
250
b ales; In 1899-00, 65,652 b a le s .
To H avre—April 1 6 ~ 8team er Riojano, 12,477 ....... .
12,477
Manchester Ma r k e t . —Our report received by cable P ensacola —To Liverpool—April 1 7 —
Steam er Vlvina, 4,452... 4,452
To M anchester—
April 11—Steam er M anchester Im p o rter
fco-night from Manchester Btates that the market is firm
(additional), 4 6 3 ..,............................................
463
for yarns and quiet for shirtings. Stocks of yarn are de Savannah—To B arcelona— pril 12—steam er Vinoenzo BonA
creasing. We give the prices for to-day below and leave
anno, 6,257.................................................................................... 6,257
To Venloe—A pril 12—Steam er Vinoenzo B onanno, 5 5 0 .....
550
those for previous weeks of this and last year for comparison.
Boston —To Liverpool—A pril 9—Steam ers L an castrian , 178;
New England. 814.....................................
992
1902
1901.
Baltimore —To Liverpool—A pril 1 1 —Str. Rowanmore, 3,382.. 3.382
814 lbs. S h ir t Oott’n
8 q tbs. S h ir t Oott’n
To Brem en -A p ril 16 —Steam er D resden, 1,177...................... 1,177
32 a Oop. in g s, com m on M id. 32k Oop. in g s, com m on M id
San F rancisco —
To J a p a n —A pril 15—Steam er H ong Kong
Tw ist.
Uplds Twist.
Up Ids
to fin e st.
to fin e st.
M aru, 1,150...................................
1,150

d. d. d. a. d. s. d. d.
T otal.................... . . . . . . . — .................. .............. .......................... 72,537
413ie 81i6®9
5 4 ©8 lq 5
C o tto n f r e i g h t s a t N e w Y o r k t h e p a s t w e e k h a v e b e e n
413ie 7lS1608i8 B 3 ©8 1
4%
4% 73s ® 8 V 5 3 08 1
4n ie a s f o llo w s .
42939 713i8©878 5 3 0 8 iq 4 2 ^ 3 3
SLa 77g 0 8 78 5 3 0 7 ioq 41933
S a tu r.
M on.
Toes. Wednes. T h u rs.
F ri.
45a
53S2 7% © 878 5 3 0 7 11
L iv erp o o l......... ,e.
11 *
11
10
10
10
10
G overnment W eekly Cotton R eport,—Mr. James Berry,
M anchester......... e.
14
13
13
13
13
13
Chief of the Climate and Crop Division of the Agricultural
17
17
19
19
17020
19
Department, made public on Tuesday the following tele H a v r e ............. ..e.
B re m e n .............e.
16
16
16
16
16
16
graphic reports on the crops in the Southern States for the
H a m b u rg .... ....e .
16
15016
16
16
16
16
week ending April 14:
G h e n t..___
i9 q
19q
19 q
19
19
19
N orth Carolina .—Rain fall beginning of w eek delayed farm w ork
_
13
13
13
13
13
13
a few days and cold w indy w eath er follow ing checked grow th; la tte r A n tw e rp ..._ ,.e.
p a r t w arm , dry an d favorable, an d plow ing proceeded actively; some Beval, v ia Hull..®.
25
25
25
25
25
25
cotton p lanted.
Reval, v ia Oanal.e,
SO
SO
SO
SO
30
30
South Carolina .—H eavy fro st w ith th in ice on 9 th did little
25
25
25
25
25
dam age; too oool fo r rap id germ ination or grow th; favorable week for Barcelona,M ay 3.e. 2 5 0 2 7
farm w ork, b u t co tto n p lan tin g n o t f a r advanced excep t oyer eastern G e n o a ............* .
12 #13 120 1 3 1 2 0 1 3 1 2 0 1 3 1 2 0 1 3
13
counties.
T r i e s t e ...........e .
28
28
28
28
28
28
G eo r g ia .—F irst p a r t of week cool, w ith lig h t frosts, b u t no m aterial
60
60
60
60
60
60
dam age, la tte r p a r t w arm and pleasant; p la n tin g of ootton rushed in Ja p a n (via Suez).e.
so u th ern sections, some com ing up in extrem e south, p lan tin g general
In m iddle section, and lan d p rep ared in north; general crop considered
L i v e r p o o l ,— By cable from Liverpool we have the follow
fu lly tw o w eeks late.
A labama .—Very cool b u t favo rab le fo r p re p a ra to ry work; co tto n ing statement of the week’s sales, stocks, Ao., at that port,
p la n tin g w e ll u n d e r w ay, b u t la te , some up; low lands too w et lo r w ork.
Mississippi .—G eneral an d heavy ra in s on 7 th in terru p ted farm w ork
Mch. 28. A p r . 4, d p r. 11. A p r , 18.
fore p a r t of week, la tte r p a rt favorable; season ab o u t tw o weeks la te ;
p re p a ra tio n s fo r ootton g eneral, b u t little planted.
Sales of th e w e e k .......b a le s .
42.000
34.000
74.000
53.000
LouitiANA.—W arm sunshine until close of week ju s t as needed for
Of w hich e x p o rte rs to o k ...
1,000
800
1,100
800
planting and germination of se e d ; farming operations pushed; cotton
Of w hich sp ecu lato rs to o k .
700
1,200
4,300
3,900
p la n tin g well advanced in southern and central portions, and general Sales A m e r io a n ...... . . . . . . . . .
39.000
27.000
54.000
47.000
over northern portion,
Actual e x p o r t . . . . . . . . . . . . . . . . .
9,000
9,000
8,000
5,000
T exas .—H eavy ra in s in region w here drouth has p revailed, except F orw arded....... ...
53.000
65.000
67.000
72.000
Rio G rande Valley, and m oderate ra in s elsew here have p u t th e soil In Total stock—E stim a te d .. . . . . . 1.132.000 1.139.000 1,122,000 1, 111,000
excellent co n d itio n ; cotton p la n tin g well advanced; early -p lan ted up
Of w hich A m erican—E s t'd . 1.012.000 1.013.000 1,005,000 1,000,000
to satisfacto ry stan d s generally an d being chopped out,
Total im p o rt of th e w e e k .....
76.000
81.000
58.000
66.000
Arkansas .—W eather Indications generally u n favorable fo r farm ing
Of w hich A m e r ic a n .........
60.000
57.000
47.000
57.000
operations an d w ork greatly retard ed ; p re p a ratio n s fo r ootton p la n t Amount a f l o a t . . . . . . . . . . . . . . . . 168,000 112,000
94.000
56.000
ing progressing, b u t v ery little planted.
Of w hich A m erican ............
140,000
97.000
76.000
34.000
Oklahoma and I ndian Territories .—T em perature below and p re 
cip itatio n m uch above w eekly average; conditions favorable; cotton
The tone of the Liverpool market for spots and futures
being p lanted.
each day of the week ending April 18 and the daily closing

dL
d. s. d.
s
Mr. 14 7q ©77 6 3
" 21 73ia®71B18 5 3
“ 28 73i6»715i6 5 3
5 4
A pr. 4 7q 08
11 7q «8q 5 5
" 18 7q ®83is 5 5

0.

®7
07
07
07
08
08

d.
104i
loq
loq
11
0
0

These reports are summarized by the Department as
foli owe:
C otton p lan tin g is w ell advanoed to th e w estw ard of th e M ississippi,
a n d the early-planted Is com ing up to satisfactory stan d s in Texas.
E rstw a rd of th e M ississippi p lan tin g , a lth o u g h late, is well u n d er w ay
over th e southern p o rtio n s of A labam a, G eorgia and South Carolina,
B u t little p la n tin g has as y et been done in M ississippi.

Spot.

M arket, ) In buyer/,’ Easier. Moderate
12:80 P. K. j favor.
demand.

E gyptian Cotton Crop.— Advices of date Alexandria, H id.U pl'ds.
March 29, to Mr, Fr. Jac. Andres, Boston, are to the effect S alea._____ .
that
Spec. < exp.
&
The position is v ery strong, and indications p o in t to a fu rth e r ad
vance in prices. A t th e beginning of th e season it w as th o u g h t th a t a
orop of 6,50u, COO can ta rs w ould show a large surplus a t th e end of
th e season, but it becomes now m ore an d m ore evident th a t the larg er
consum ption of our stap le in all th e cou n tries w ill absorb rnnoh m ore
th a n expected, an d th a t our stock w ill be v ery sm all a t tbe end of the
season.

MaTday. M onday. Tuesday. Wed’d a y. T h u rsd ’y F r id a y .

51ie
8.000
1,500

51S3
10,000
500

5
8,000
500

Quiet.

Firm

Harden'*.

5 ’sa
8,000
500

5133
8,000
500

$ iUljl
2
500

F u tu re s.

M arket ) Steady at Steady at Quiet at Steady at Steady at Steady at
partially
opened, j 1-64 adv. 8.64 d e partially 2-64 ad 8-04 ad t-04 ad
cline.
1-04 adv.
vance.
vance.
vance.
at Easy at;
Dull at
M arket, i Steady pts. S®8q pts. Steady. partially Steady at Steady at
Pt*. SintSIs Pt*.
d r .M , $ IRt&a
advance. decline nuehtuui’ii i pt, dec. adv anee. advance.

Jute Butts, B agging , &o.— There has been practically no
business in the market for jute bagging daring the past
xneprices or insures at Liverpool for each U are given
av
week. The close to-night is on the basis of 5%e. for \% lbs. below, Prices are on the basis of Uplands, Good Ordinary
and 5%c. for 2 lbs., standard grades. Car lots of standard clause, unless otherwise stated,

THE CHRONICLE

A pril 19, 1902. j

p j r The p ric e t a re g iv e n in pence a n d O&lht. T h u t : 3 03 m ea n t
3 da-64<t.. a n d 4 01 m e a n t 4 t-6 4 d .
N at.
A pr. 12

M on.
A pr. 14

T ne*,
A p r. 15

W e d . T U u rn .
Sfrl.
A p r. 16. A p r. 17. A pr. 18

12% 4 12% 1 12% 4 12% 4 12% 4 12% 4
.
.
.
.
.
.
.
P M P M P u . P M. P M P M• p M P M P M P M P M P M.
A pril............
April-May...
May- J une...
June-July...
July-A ug...
A ug.-Sept...
8ept.-O ct...
Oot-.Nov__
N o v .-D ee...
D eo.-Jan....
Jan.-F eb...
Feb.-M ch...

i
A.
4 59 4 57
4 59 4 57
4 69 4 57
4 59 4 57
4 59 4 57
4 54 4 52
4 41 4 40
4 32 4 31
4 29 4 28
1 28 4 27
4 27 4 26

A.
56
56
56
66
56
51
38
30
27
26
25

d.
A.
55 4 56 4 57
55 4 56 4 57
55 4 66 4 57
55 4 56 4 57
55 4 55 4 57
50 4 51 4 52
38 4 38 4 38
SO 4 SO 4 30
27 4 27 4 27
26 4 26 4 26
25 4 25 4 25

it.
56
56
56
56
67
51
37
29
26
25
24

t.
4 68
4 58
4 58
4 58
4 57
4 53
4 39
4 30
4 27
4 26
4 25

d.
4 59
4 59
4 59
4 69
4 59
4 54
4 40
4 31
4 28
4 27
4 26

A.
62
61
61
61
61
56
41
31
28
27
26
- . . . - . . . - . . . - . . . - . . . ■. . . - . . . - . . . - . . . ■. . . - . . .

i.
4 58
4 58
4 B9
4 59
4 59
4 54
4 41
4 32
4 28
4 27
4 27

4
4
4
4
4
4
4
4
4
4
4

4
4
4
4
4
4
4
4
4
4
4

If.

4
4
4
4
4
4
4
4
4
4
4

4
4
4
4
4
4
4
4
4
4
4

A.
4 62
4 62
4 62
4 62
4 62
4 56
4 41
4 32
4 29
4 28
4 27
...

BREADSTUFFS.

DAILY GLOBING PRICKS OP NO. 2 SPRING WHEAT IN C H I C A G O .

May delivery in elev ....... 73%
July delivery In e le v ...... 78%
Sept, delivery Id elev__ 73%
Deo. delivery in elev...... 74%

Mon.
72%
73%
72%
74%

Tne*.
73%
74%
74%
75%

Wed.

73%
74%
73%
76

T hurt.
74%
75%
75
76%

Fri.

73%
74%
74
75%

In d ia n co rn fu tu re s h av e been fa irly activ e and fo r thiscrop deliveries prices hav e ad vanced. S ho rts of the near-by
deliveries have been n ervous, fe a rin g m an ip u latio n by th e
b u ll in terests. M any advices fro m tn e S o u th w est have re 
p o rte d p ra c tic a l ex haustion of stocks, a n d th a t to obtain sup
plies i t has been necessary to m ak e purchases a t points of
accu m u latio n ; in fa c t, St. L ouis advices h a v e reported th e
S o u th w e st b u y e rs of co rn in th a t m a rk e t. T he crop m ove
m e n t h as been sm all, going to confirm th e reports of ex
h au stio n , and th e visible supply show ed a decrease, reflect
in g th e lig h t receipts of th e previous w eek. A lthough fair
progress has been rep o rted m ade in p la n tin g th e new crop,
i t is claim ed th a t th e cold, b ackw ard w e a th e r is delaying
g erm in a tio n w here corn is p lan ted . T he spot m arkets have
advanced, follow ing th e rise in prices fc r fu tu re s, b u t business
has been q u iet. To-day th ere was a firm er m a rk e t early, b u t
d u rin g th e flay u n d e r “ realizin g sales” prices declined.
DAILY GLOWING PHI08)» OP NO. i
HUt.
Owsh corn t. o. b............. 68%
May delivery In elev ....... 65%
Jnly delivery in elev ....... 65%
Kept, delivery in elev—
64%
DAILY GLOBING PRICKS OF NO.
Hat.
May delivery In elev._
_ 61%
July deli very In elev ___ 61%
_ 60%
Sept, delivery in elev _
Dec. dell very in elev ....... 48%

Oats for fu tu ro delivery a t th e W estern m a rk e t have re
ceived a fair a m o u n t of speculative a tte n tio n and prices h av e
advanced. S horts in th e near-b y deliveries have been m od
erate buyers to cover co n tracts, an d prices for th e new -crop
m onths have been stre n g th e n e d by th e u n fav o rab le w eath er
conditions, nu m ero u s rep o rts bein g receiv ed of b ack w ard
g erm ination and g ro w th due to cold, d ry w eath er. L ocally
th e spot m a rk e t has been m o d erately activ e and firm er.
To-day th e m a rk e t opened h ig h er, b u t reacted a n d closed
low er. Longs sold to realize profits.
DAILY GLOBING PRICKS OP OATS IN NEW Y O R K .
Mon.
47%

Tuet.

Wed. Thurt,

Fri.

Mon.

Tuet.

Wed.
43

Fri.

Bat.

47
50%

48
48
48
48
62
51% 52
52
52%
OF NO. 2 MIXED OATS IN CHICAGO •

M. 2
O

May delivery in
July delivery in
Sept, delivery In
Deo. delivery In

Bat.
42
elev —
e le v .... 34%
elev ___ 30%
e le v .... 30%

42%
35
30
30%

43
35%
30%
3L

>5%
30%
31

lh u r t.

43%
35%
31%

32

43
35%
31%
32%

Following are the closing quotations:

F riday , A p ril 18, 1902.
R eflecting th e iise in v alnes fo r th e g ra in , m ills have ad 
vanced th e ir lim its for w h e a t flour. Im m ed iately follow ing
th e h ig h e r prices dem and w as slow , buyers being averse to
pay in g an ad v an ce to o b ta in supplies. S ubsequently, how 
ever, th e co n tin u ed s tre n g th of th e w h e a t m a rk e t an d th e
u n sa tisfa c to ry crop new s gave th e tra d e increased confidence
in th e m a rk e t, an d th e dem an d im proved. A featu re has
been th e b u y in g by th e W e st In d ia n tra d e d u rin g th e la tte r
p a r t of th e w eek, fa irly la rg e pu rch ases of city m ills, p rin 
cipally blended g rad es, bein g m ade a t fu ll values. Rye flour
w as q u ie t e a rly in th e w eek b u t a t th e close h ad a fa ir sale.
C orn m eal h as been firm b u t q u iet.
S pecu latio n in w h e a t fo r f u tu re d eliv ery h as been active
an d prices hav e m ade a m a te ria l advance. T ne crop new s
fro m th e w in te r-w h e a t b e lt has been th e p rin c ip a l factor, and
as it h as been of a n u n sa tisfa c to ry c h a ra c te r, values have
been stead ily w o rk in g u p w a rd . C om plaints have been gen 
eral of d ry w e a th e r in th e c e n tra l w in te r-w h e a t S tates and
of co n tin u ed cool w e a th e r, w h ich have re ta rd e d th e g row th
of th e crop. T he season in th e sp rin g -w h e a t b elt also has
been re p o rte d as b ack w ard , a n d th is, too, has had its
influence in fav o r of th e m a rk e t. O th e r b u llish factors have
been a sm all crop m ovem ent, lig h t in te rio r offerings of
cash w h e a t, a su b sta n tia l decrease in th e visible supply
an d a good response b y th e
E u ro p ean
m ark ets
to th e u p tu rn in p rices in th e A m erican m ark ets. The
action of th e B ritish G o v e rn m e n t in p la c in g an im p o rt d u ty
on w h e a t in to th e U n ite d K in g d o m h a d only a tem porary d e 
pressing influence upon values. W ednesday th e re w as a re 
actio n in prices, resu ltin g fro m aggressive se llin g by W estern
b ear in te re sts p red icated upon ru m o rs of ra in s in th e w interw h eat belt. T h u rsd a y , how ever, th e m a rk e t tu rn e d decidedly
stro n g e r, th e rea c tio n in p rices being m o re th a n recovered,
as th e rep o rted ra in s failed to m ate ria liz e. T h e “ C incinnati
P ric e C u rre n t,” in its w eekly su m m a ry of th e crop situation,
says th a t cool w e a th e r is re ta rd in g w h e a t g ro w th and to
some e x te n t is reg ard ed p re ju d ic ia lly ; b u t g en eral position con
tin u es fairly good ; m o istu re is deficient. T he spot m arkets
hav e been firm er w ith fu tu re s, b u t business has been less
active. To-day th e re w as a n easier m a rk e t u n d er realizing
sales and rep o rts of h ig h e r te m p e ra tu re in th e w in ter-w h eat
b elt. T he spot m a rk e t w as q u ie t an d easier.
BAILY CLOSING PRICKS OP NO. 2 RBD WINTER WHEAT IN NEW Y O R K .
Bat.
Mon. Tne*.
Wed. T h u rt. Fri.
89
88%
88%
86%
Cash wheat f. o. b .___ _ 87%
89%
80
80%
79%
79%
78%
May delivery in elev ....... 79%
80%
80%
79%
80%
78%
July delivery In elev....... 79%
79%
78%
80%
79
Sept, delivery in elev__ 78%
79%
80%
81%
79%
81%
Deo. delivery in elev...... 80%
80%
Bat.

841

WiiFiB CORN 1M N E W V O R K .
Wed. T hurt. Fri
Ufon. Tne*.
69%
70%
70%
70%
71%
67%
68
67%
87%
68%
67
67%
67
66%
67%
68
66%
65%
66
65%
2 MIXED GORN IN C H IC A G O •
Wed. T h u rt. Fri.
Mon. Tuet.
62
62%
61%
62%
02%
62%
62%
62%
61%
63
61%
82%
61 %
82%
61%
48%
48%
48%
48%
48%

FLOOR.

Patent, w inter....$3 90 ©4 10
City mllla, patent. 4 00 ©4 65
Ryeflour,superfine 3 00 ©3 55
Buokwheat floor............ © __
Extra, No, i . . . . 3 10 ©3 30
Com m ealOleans.....
.... 3 30 ©3 70
western, etc...... 3 30 ©3 35
3 55 ©3 90
Straights...
Brandywine__
3 40
Patent, spring... 3 90 ©4 65
(Wheat flonirhicaoks sells at prices below those for barrels.)
f in e ..................

Superfine . . . . . . . . 2 90 ©3 10
3 10 ©3 15
Extra, No. 3*..

GRAIN.

Cora, per bush.—
c.o.
»
Western mixed........... 67 % 69 %
No. 2 mixed.............,67%«69%
Western yellow......... t;9%©7l%
Western w h ite ........70^ 072
Rye, per bushwestern ................... 58 %@61
State and Jersey...... 60 ©61
Barley—
Western..........7 0 ©75
Feeding........ .............. 65 ©67
G overnment W eekly G rain R eport .—Mr, Ja m e s B erry ,
Chief of th e C lim ate an d C rop B u re a u of th e A g r ic u ltu ra l
D ep artm en t, m ade p u b lic on T uesday th e te le g ra p h ic re p o rts
on th e g ra in crops in th e v ario u s S tates fo r th e w eek en d in g
A p ril 14, su m m arizin g th e m as follow s :
Wheat, per busii,—
Hard Man., t o 1..
N’them Dul., No.l
Red winter, No. 2
Hard N. Y. No. 2.
Oats—
Mix'd,?.bush.
White...........
No. 2 mixed.. . . . . .
No. 2 w hite........

o,
a.
84%©86%
81%©83%
86 ©89
81% ©83%
48 ©50
51 ©56
48 ©49
52%®53%

CORN.—Corn planting is nearing com pletion in th e w est Gulf States,
and has made favorable progress in the south A tlantic and east Gulf
districts and Tennessee. This work is general in Kansas and Missouri,
and preparations in Iow a are unusually w ell advanced. Eastw ard of
the M ississippi no corn h as been planted northward of Tennessee, e x 
cepting a little in southern Virginia. In T exas and Louisiana much,
of the crop is up to fine stands and cultivation has begun.
Win ter Wh e a t .—While the grow th of w inter w heat has been slow ,
a very general im provem ent is reported from the principal winterw heat States, although the crop has deteriorated slightly in central
and northern Illinois and is suffering for rain in northern Missouri.
Though som ewhat im proved in Kentucky, Tennessee and Virginia, the
condition of the crop in these States continues m uch below tbe aver
age. On the Pacific Coast w inter w heat has made rapid growth in
California and a heavy crop is promised north of Tehachapi; hut in
Oregon and W ashington the condition of the crop is less promising,
especially In t he last-named State,where a large area had to be re-sown.
Spr in g W h e a t .—Spring-wheat seeding is well advanced in the
southern portion of the spring-wheat region, and a little has been
sown in southern North Dakota. A severe dast-storm in southern Min
nesota on the 10th and 11th uncovered much of the sow n grain.
Warmth and moisture are muoh needed for germination.
Oats .—Oat-seeding is w ell advanced in the States of the Missouri
Valley, but has made less favorable progress in the Ohio V alley. The
early-sown is looking w ell in Oklahoma, Kansas and southern portions
of Nebraska and Missouri ; but germ ination has been slow in the Ohio
Valley, and the crop has sustained some injury by frosts in Indiana.

The movement of breadstuffs to market as indicated in the
statements below is prepared by ns from figures collected
by the New York Produce Exohange. The receipts at
Western lake and river ports for the week ending Apr. 12,
*nd sinoe Ang. 1, for each of the last three years have been:
su iiv ti at—

Flour.
Corn.
JVhttt.
Oats.
B urin.
B b u .im m Buth.&Olbt Bmh.rnibt Bmfo.82 Iba Buth.iSlbi B%.60lbs.
160,051
272,076
£61,133
ihleago......
708,0r6
195,025
10,300
46,725
100,400
146,600
62,400
Milwaukee..
80,760
14,400
172 865
96,400
3,071
•ninth........
7,684
745,690
28,840
dlnneapoll*.
61,980
8^000
1,400
88,000
76,500
Poledo.........
40,600
800
1,100
25,000
rntrolt.....
14,679
4,200
£8,268
43,000
llnreiand...
15,173
51,747
140,742
100,256
178,016
It. Lonl*... .
86,676
297,000
20,000
9,900
201,000
’eorla...... ..
14,700
27 O
F)
219,700
27.2Q0
0,300
141,600
241,600
Canna* City.
........
160,0( 0
......
Tot.wk.1862
340,069
301,824 1,706,766 1,270,235 1,802,307
49,460
lame wk.’Ol.
408,045 2,772.000 1,872,371 2,490,093
382,405
99,605
414,(02 2,984,108 4,884,986 2,610,010
608,320
lame wk.oo
94,055
fine* Aug. 1.
1861-02......... 15,298,666 190,058,912 90,523,788 103.104,797 87,043,011 4,589,793
1800-01....... 14,128,177 184,243,455 158,678,803 126,175,187 38,747,177 3,212,190
1809-00...
15,829,042 172,100.255 170,818,594 125.430,030 37,424,683 5.1(3,225

The receipts of flour and grain at the seaboard ports for
the week ended Apr. 12,1902, follow:
F lour,
a t t t i t t i « t—
bblt
;lew f o r k , . , . . . . . . . . . 109,844
B o sto n ,.............
M o n treal,.,.......... .
P h ila d e lp h ia ,.......
B a ltim o re..............
llo h m o n d .............
O rleana*...... . ..
1*5.778
floffoort N ew s.... ... 61,674
ia lv o s to n .............
'o r tla n d . M e........
P e n ia o o la ............. ,„„, t,.. ...
■ it.John. N .B ___
T o ta l w eek ...
W eek 1901............

W M O .t,

buili.

48.760

93,106
31M Q

242,971
310,689
16,840

3B8[O06
100,061
129,460
70,645
40.000
100.007
1,500,618

C o rn ,
bush.

47,250
20,119
42.4H7
78,070
19,018
80;ooo

Oat*.
h u th

208,550

90,KH
03,661
83,437

92.HH4
0,784

B a rm
b u th .

0,400

buth.

1,050

48.804

20,700
583

261,080
450.083
2.087,669 2,587.373 9,883,176

............

0,400
75,041

............

50,264
92,290

THE

812

CH RONICLE

Total to oiptd at ports from Jam l to A pr, 13 com pare aa
follow s for fo u r years;
Receiptait]—
1802.
1001.
1000.
1808.
floor...
...bDU, 5,732,608
6,166.548
6,303,330
6,420,110
W0«ttl
, ........bush 20,670,777
00,858,680
17,083,000
30,l87,8<i8
Com,
, ,
'■ 6,858,738
66,660,461
51,401,168
40.816,880
taU ....................
' 11.6*0.081
82,888,630 16,484,803
17,671,18*
Bailey
"
1,800.034 1,061,833
4,861,670
1,141,US
aye
...
•
4/7,100
850,310
403,490
2,180,081
Total Traill
41,819,570 111,670,900
02,666,247 100,747,409
The exports from th e several seaboard p o rts for th e week
eluding A pr. 12, 190a, are show n In the annexed sta te m e n t;
Set icy
O
<s£i,
P*»s
J & tir
PO
ay*.
Oorn,
Wheat
bush
bash.
hush. busk
Wweurufrint bulk
busk.
62,044 00,088
1,010
ns# f o r t..... 586,062 28 4.0
3,384
330
fluitou........ 476.770 102,01.0
4,074
582
8,373 *>»,,***
Portland, Me. 79,546
. ,„. v. ,
8.108 00,791
PMiaati! ohta.. 680,000
........
, , ..
62 29,4/1
BaiUaaore,.,.. 88,000 10.W
3,800
3,080
.*•4 ...
Ns# ,'!a4U* 89,000 65,312
81,674
N*#a'ftMdw, 103,051
3,6/9
•Tal v^dtoa...
..........
PousaCOla.,.
40,000
i a,iso
i8,333
t*ji. jqAfi.N.B. 100*097
27,503
Total tree*. .1,811,825 234,478 260 5S3 73,890
SaniB
01 ;l,186,000 2,213,810 474,030 1,031,138 108,426 64,684 64,5iig
The destination of these exports for the week and stn«Ju ly 1, 1901, is as below:
------- FUnt/r.--- --- , ,------ Wheat.------ , ,------- Oorn,------- ,
tS.cporis for
Week Since J uly Week Since July
Week Since Juiy
week and since Apr. 13. 1,1901. Apr. 13. 1, 1901. Apr. 18. 1, 1901.
July 1 to—
bbU.
bbLs,
buck,
bush.
buck.
buck.
liutLiJ aiiagdom 134,165 7,531,581 1,336 855 84,008,663 110,817 11,330,505
Continent...... . 70 787 8,129,518
526,510 54,841,964
70.681 10,200,0.33
g j, 1 AmSrlba. 16,463
757,603
400
60,736
615 600,012
W
ee* idlee. .. 29,304 890,§40
.........
50 41,049 880,162
im . 0610*6
30° 109.040
....
...............
881 083
v',,*r dOOBtrlei 16,564 610.686
88,451
316,481
1.463 207.289
•r
.......... 860 813 11,787 768 1,811,885 109,808.894 824,478 28,589,004
rota! l 01-02..
*74.02018.908,036 8,180,000 00,458,142 8,883,840 126,908,671
The visible supply of grain, com prising th e stocks l i
■prana y a t the prin cipal points of accum ulation a t lake add
seaboard ports, Apr. 12, 1903, w as as follow s:
Own,
B®n«\
<
46#,
but (■
*.
L'ujh
bush.
>ueh.
i /ft
3iM
atish.
444,00u
318,000
17,000
818.000
<*# V ••£................ 996,001
<>
Do afloat...
3,000
806,000
SOiton. .... .......... 119,001
348,000
38,O
ut
55/009
1,000
/*Xnad.el£>lil6.....
128,0on
670,000
89,000
89,000
Baltimore............
liv
61,000
New Orieais*.,----- 1.054,O
165,000
331,000
77,000
6,000
22.000
38,. 0
Montreal.,,,,, ......
S O
.O i
16,000
54 O C
O
Toronto,.,,.... ....
646,000
Q 000
6
50,090
231,000
Do afloat...... .
628,000
3/8,000
130,000
Toledo
. . ...... ' '88*000
do
afloat......
170,000
3,000
86.000
32,0 ;0
6,000
Seueit............. .
,,4t
*
*
Oo afloat— ..
772,000
6,376,000
4,804,000
644,000
60 Ol
O
Do afloat,,....
471.000
foe,bob
148,00268.0..
24,000
Miiwaa&ae,........
ftWlirmSB.Arthur 4,931,000
64,000
461,000
380,00,
187,000
Dttlabi!.............. . 14.032,001- -** . , .
Uo afloat..,,..
18,000
7,001
38.000
Mtnnea-olis.... ..... 12,003.000
139,000
380,000
13,001
120,000
82,000
. 410.06*'
St. Loaia...... .
,,, ,,4
75,000
Do afloat......
1,174,000
210,000
86,000
*-- Causa* City...... .
53,000
252,000
133.000
40,000
Peoria...... .
148,000
72,000
41,000
1,000
Indianapolis...........
238.bon
! 2,767,000
133.000
226,000
On LaSes.............
60.00u
3,000
37,000
87,000
On aanai anfl rlre r.. , 46,000
7,550.000 8,054,000 1,973,000 1,178.00
Total Apr. 12.1902.. 46,614,000
8,508.000 3,300,000 2,016,000 1,455.000
Total Apr. 5. 1902,. 48.414,000
819,001
Total Apr. 13,1901.. 61,873.000 22,026,000 11.271,000 1,095,000
871,00,
Total Apr. 14, 1800.. 55.273,000 24,788.000 7,643,000 1,311.000
Total Apr, 15.1899.. 30,502,000 29,708 000 11,136,000 1,886,000 1,936,00

THE

in prices of c ertain fancy w orsteds th a t have been draw n on
fo r su b stitu tes, and in oth er directions th e m a rk e t show s a
very steady tone I t is p ractically bare of m en’s fabrics in
lig h t w eights. The dem and for overcoatings and cloakings
is quiet. The dress-goods business for fall shows signs of
prom ise; staple woolens and th in m aterials for w aists are do
ing welt, but oth er lines are qu iet a s yet.
Domestic) C otton G oods , —T he e x p o r ts o f co tto n good*
tra m th is p o rt f o r th e w eek e n d in g A pril 14 w e re 7,571
packages, v alu ed a t $834,888, th e ir d e s tin a tio n being to the
points specified in th e ta b le s b e lo w ;
1902.

S bw York to A f b . 14

1901,

Week. H in ceJa n . 1. Week. Since Jan., 1,
Great B r ita in ,.......... . . . . .
12
Other E u ro p ea n .............
11
C h in a ,.......... .............. . . . ___ 3,372
I n d i a . . . . . . . . . . . . . _ _ ...
_
130
A r a b ia ..... . . . . . . . . . . . . . . . . . . .
102
A trloa..............................
307
595
W e s tln d le ft......_______ _
M exico____ _________ . . . .
47
Central America...............
243
Booth A m erica ... . . . . . _
_
2,1.51
595
O th erO oon trles.____

765
534
33,500
7,745
6,562
3,262
7,761.
880
2,253
14,899
3.578

179
15
4,834
3,027
801
172
56
367
896
267

1,201
688
15,973
1,074
10,769
2,265
7,070
641
3,458
18,343
1,540

7,571

81,749

9,614

63,062

T o ta l........... ...................

The value o f th e N ew Y ork e x p o rts since Ja n . 1 to date
has been $3,755,169 In 1903, a g a in s t $3,906,595 in 1901.
A slight im provem ent is noticeable this week in th e stap le
cotton goods division of the m arket. O rders for hom e con
sum ption have been m oderate, c insisting largely of goods for
quick delivery. T he export dem and has been m ore active;
buyers who last week refused to operate a t sellers’ prices
have bridged the difference and tak en a fair am o u n t of su p 
plies, T nere are other bids in th e m a rk e t fro m ex porters,
b u t the lim its are a t present too iow to ad m it of business.
Seilers, how ever, are firm , and refuse to operate except a t fu ll
m ark et quotations. In ducks the m ark et rules firm , w ith a
m oderate am o u n t of business passing. O anaburgs rem ain
unchanged a t form er prices, T here are no changes quoted in
m edium and fine grades of bleached cottons, w ith th e m ark et
still a “ sellers.” W ide sheetings rem ain w ith o u t change,
but higher quotations are predicted on some lines. Tieks are
quiet and unchanged. P riu t cloths are q u iet b u t firm a t
8%o. for regulars. Bids are in the m a rk e t on th is basis, b u t
few sales are reported th ereat.
F oreign D ry G oods .—Im p o rted dress goods, both plain
and fancy, are in fa ir dem and. Silks and ribbons are in
steady request w ith supplies of a decidedly lim ited ch aracter.
Linens are firm b u t quiet. B ayers from various houses in
th e m ark et have sailed fo r E urope in the in te re st of th e ir
firms.
Im p o r ta tio n s a n d W a re h o u s e W it h d r a w a ls o f » r y G oods.
The im p o rtatio n s a n d w arehouse w ith d raw als of d ry goods
a t th is p o rt for th e w eek en d in g A pril 17, 1903, a n d since
J a n u a ry 1, 1903, a n d fo r th e corresponding periods of la st
year are as follow s:

raigjse
■g: :

Q
ev»

|

I; M j H

DRY GOODS TRADE,
M
M
CM
O
CC
OO
©D
C
<
80»

h*

w

i

§

i

h
M M
COM

<3
Ox

COM
© ©
< 3 00

N
S-4
©
-4

122,587
217,371
'2
M
C
D
fo
-a
©
C
O
O
X

1 5,340
9,414

M

<&
CM
O©
C©
J<
O ^4
C‘
OT

M
©03
00M
W
M
MO
<I
CC
O
C0
O3
MC
O
3
C 000
O
© w®
O
to © b
toco
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62,393
36,932
75,248
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1,852,784

N s w Y ork , F r i d a y , P . M „ A pril 18,1903,
The m a rk e t for th e w eek h as been w ith o u t im p o rta n t d e
velopm ents an d on th e w hole ra th e r featu reless. F ro m th is
it is n o t to be in ferred th a t th e business tra n sa c te d has show n
a decline over th a t of th e p revions w eek, as th e am o u n t of
o rd ers to han d , th o u g h still callin g fo r sm all q u a n titie s in d i
vid u ally , show in th e ag g reg ate, if a n y th in g , a slig h t im 
provem ent. T his is perhaps m ore noticeable in the export
division of th e m a rk e t, w here buyers in several in 
stances hav e been induced to m eet sellers’ ideas
ow ing to th e need of supplies, an d also a belief in
h ig h er prices fo r ra w cotton, C onditions rem ain p r a c 
tically unchanged a t th e A m erican W oolen Co.’s m ills;
a few of th e operatives re tu rn e d early in th e week, b u t th e
rem ainder are firm in th e ir dem ands. On th e o th e r han d , it
is sta te d on good a u th o rity th a t th e com pany’s officials in 
ten d to see th e m a tte r th ro u g h if it tab es all su m m er to d o it,
In th e m eantim e efforts on th e p a rt of those w ho w ere d is 
appointed th ro u g h non-delivery of goods co n tin ue to be
m ade to have th e ir needs supplied, dome, how ever, a re of
th e opinion th a t th e tro u b le w iil be ad ju ste d shortly, and a re
hoping fo r deliveries la te r on. In th e jo b b in g division of
th e m a rk e t th e dem and has show n little v a ria tio n of c h a ra c 
ter, and business has been ab o u t on a p a rity w ith la s t week
in volum e. S h o rt read y supplies contin u e to tell ag ain st
spot business and th e a ttitu d e of sellers ag a in st buying for
fo rw ard delivery.
W o o len G o od s .— C onditions in th e m a rk e t fo r m en’s-w ear
woolens an d w orsteds show few changes or developm ents
over those reported la st week, w holesale clo th in g m an u 
fa c tu re rs w ho w ere disappointed in th e receip t of sam ple
prices co n tin u e to freq u en t th e m ark et in search of su b sti
tu tes, and rep o rt a m oderate am o u n t of success. O w ing to
th is th e clothing tra d e has n o t yet fairly tested th e situ atio n
in g arm en ts for fall, and u n til th ey do so an d com plete th e ir
lines business in piece goods is expected to be held w ith in
re stric te d lim its. T here are reports of advances being m ade

[VOL. LXXIV.

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I

THE CHRONICLE

APBIL 19, 1902.]

ST/VTE AttD

01TY p E f r l P T M E N r .
Index.

An index to all the news m atter appearing in this D epart
m ent for the period from Jan . 4, 1902, to April 5, 1902, in 
clusive. was published in the C hronicle of April 12, 1902,
pages 794, 795, 796 and 797.

843

Ozark County, Mo.— B o n d C all - i n terest will cease on
A ugust 20 on 5% bond No. 32 for $500 dated Aug. 20, 1889.
Pascoag (R . I.) F ire D istric t .— B o n d Call. E arle D.
Steere, Treasurer, called for paym ent April 2, 1902, a t the In
dustrial T rust Co., Pascoag Branch, bonds Nos. 51 to 200,
inclusive.
P ierce County (W ash.) School D istric t No. 10.— W a rra n t
C all.— Jno. B. Reed, C ounty Treasurer, called for paym ent
March 29 general fund w arran ts of thin d istrict Nos. 12,198
to 12,782, inclusive.
Red R iver County, Tex.—Bond# R edeem ed .—F unding
bonds to the am ount or $2,500 have been redeemed. These
bonds were held by the S tate P erm anent School Fund.
Spokane, W ash.—W arran t C all. —M. H. Eggleston, City
Treasurer, called for paym ent M arch 21 w a rra n ts Nos.
13,918 to 13,988, inclusive, of the Redemption and Judgm ent
Fund. Call is also made for A pril 5 for Post Street sewer
bond. D istrict No. 1, num bered 19; for April 10 w arrants Nos.
13,939 to 14,006, inclusive, and for A pril 19 Nos. 14,007 and
10,008 of the Redemption and Judgm ent F und; also for
April 28 w arrants Nos. 1 to 11, inclusive, draw n on W alnut
Street Grade D istrict No. 1.
S w isher County, T ex .—B o n d s Redeem ed .—This county has
redeemed $1,000 jail bonds held by the State Perm anent
School Fund.
T alb o t County, Md .—B o n d Call.—Joseph B. H arrington,
County Clerk, called for paym ent A pril 1 at the Easton
N ational Bank a t Easton, Md., $33,000 5% 10-year bonds,
issued in A pril, 1892.
W alker County, T exas .— B onds Redeem ed .—On A pril 11
this oounty redeemed $3,640 refunding court-house and jail
bonds.
W ashington .— W a r r a n t C all .—The State Treasurer called
for paym ent April 7 outstanding w arran ts Nos. 82,991 to
84.334, inclusive. The am ount of the call is $135,556 89.
W ashington T ow nship, L afay ette C ounty, Mo.— B o n d
C a ll .—In terest ceased on M arch 10 on 5% bonds Nos. 9 to 11,
inclusive. Bonds are in denom ination of $1,060, dated Ju ly
23, 1890.

Iow a .— Legislature Adjourn. a.—The S tate L egislature a d 
journed on A pril 11. 1902.
M ary lan d .— Special Session o f the S ta te L e g is la tu r e .-T h e
State Legislature, w hich convened in special session on April
16, adjourned the same day, after passing a bill providing for
State taxes and one to meet the expenses of the ex tra session.
New York S ta te .—S a vin g s B a n k B ill S ig n e d .—The Gov
ernor on April 15 signed Senator G reen’s bill am ending su b 
division five of the Savings Bank A ct. This am endm ent
makes the bonds of the city of Los Angeles, in the State of
California, a legal investm ent for savings banks. The sub
d iv is io n , w ith this addition included, w ill be found in the
Ch ro nicle of March 29 on page 691.
S ta te T u x B ill .—The G overnor on A pril 17 signed the bill
fixing the State tax rate fo r the fiscal year beginning Oct. 1,
1902, at th irteen one hundredths of a mill. This is the lowest
rate ever levied in this State. Accompanying his approval
of the bill the Governor issued quite a lengthy statem ent in
w hich comparisons are draw n w ith G overnor F low er’s ad
m inistration in 1893-1894. The Governor also points out
th a t bu t for constitutional requirem ents directing a levy on
account of the canal debt, there w ould have been no State
tax levy this year.
P la in fie ld —N o rth P la in fie ld , N. J — C onsolidation B ill .—
The Governor on A pril 16 signed a bill passed by the recent
State Legislature w hich has for its purpose the consolidation
of N orth Plainfield in Somerset County w ith Plainfield in
Union County.
R ockport, T exas.—L itig a tio n .—The Dallas “ News” says
th a t the H artford Steam Boiler Inspection & Insurance Co. of
Bond Proposals and N egotiations this
H artford, Conn., filed suit in the U nited States Court on
M arch 28 for $7,200 against the city of Rockport, Texas, veek have been as follows :
claim ing the am ount to be due on in terest coupons on thirty
Alma, W is .— B o n d Sale.— On A pril 11 the $8,000 5% tra in 
bonds of $1,000 each, issued by the city on Jan. 1 and July 1,
ing-school bonds offered for sale on A pril 7 w ere aw arded to
1901, and payable Ju ly 1, 1931.
Rudolph K leybolte & Co., C incinnati, a t 103'125 and ac
crued interest. Folllowing are the bids :

Bond G a lls and Redemptions.

A rcher County, T exas .— B onds Redeem ed .—'This county
has redeemed $4,U0O refunding court-house bonds.
A u ro ra, Mo.—B o n d C all .—The city has called for pay
m ent A pril 1 6% bends Nos. 11 and 12, dated Oct. 11, 1891,
Baca C ounty fP . O. S p rin g field ), Colo .— B o n d Call. — W .
M. Stew art, County Treasurer, calls for paym ent the follow
ing funding bonds : Nos. 6 and 7 for $1,000 each and No. 8
for $500, all dated Dec. 1,1890; also bonds Nos. 4, 5, 6, 7, 8.
9, 14, 15 and 16, series “ A ,” each for $1,000, dated Nov, 2,
1891. This call was first published Feb. 12, 1902, and interest
ceased th irty days from th a t date.
Cameron, Mo.— B o n d C all.— E lijah T. W alker, Mayor,
called for paym ent A pril 1 a t the N ational Bank of Com
merce, St. Louis, electric-light bonds Nos. 1 to 4, inclusive,
dated Oct. 1, 1896.
D allas County, T ex as.—Bonds to he R edeem ed .—The
County Commissioners have issued an order to the County
T reasurer to redeem $17,000 outstanding refunding court
house bonds.
D ublin, T exas .— B o n d C a ll.- E. C. Edm onds, City Treas
urer. called for paym ent A pril 1, 1902, a t the N ational Park
Bank, New Y ork City, bonds Nos. 1 and 2, dated Oct. 1,1900,
each for $1,000.
E dw ards County, T ex.—Honda Redeemed.—Bonds to the
am ount of $1,500 held by th e S tate Perm anent School Fund
have been redeemed.
F airfie ld County, Conn .—B onds R edeem ed,— This county
has redeemed $10,000 of its outstanding bonds, th u s reduc
ing the indebtedness to $85,000.
llard em an , County, T ex .— B onds R edeem ed .—This county
has redeemed $5,000 court-house bonds held by the State
School Fund.
fla sk e ll County, T exas .— B onds Redeem ed.—T h is county
has redeemed $2,000 funding bonds held in the State Perm a
nent School Fund.
K ittita s County, W ash.—B onds R e d e e m e d —The County
T reasurer has made arrangem ents to redeem $53,000 0% fund
ing bonds which are subject to call M arch 1, 1902.
Meade County, S. D ak.— W a r r a n t C all .—The County
Treasurer has issued a call for all general lu n d w arrants up
to and including registered No. 2100.
M ultnom ah County, O regon.— W a r r a n t C a ll .—Thomas
Scott Brooke, County T reasurer, has called for paym ent
county w arrants Class 36 draw n upon the general fund th at
were presented and indorsed “ Not paid for w ant of fu n d s”
from Dec. 15, 1900, to M arch 12, 1901, both dates inclusive,
and also w arran t No. 15,765; also on M arch 24 of Class “ C”
w arrants indorsed from Sept. 15, 1900, to Ju ly 3, 1901, inclnsive; also Class 86 w arrants issued from March 13, 1901,
to Ju n e 29, 1901.
Oak Cliff, T exas .— B o n d C all.—M. L. M orris, Mayor,
calls for paym ent May 2 $80,000 6% school bonds, Nos. 1 to 60,
inclusive. Securities are dated May 2, 1892.

R. K le y b o lte & C o .,C in cin .......£8,250 00 I L a m p re c h t B ros. Co., C le v e .. .88,112 00
W. J. H aven & Song, C leve ... 8,220 00 | F ir s t N a t. B ank. B arn esv ille .. 8,10100
D enison. P rio r & Co. C le v e ... 8.208 O S to d d a rd . N ye & Co.. M in n ’lis. 8.088 00
O
J o h n N u v e en & Co., C h ic a g o ..*8,174 <0 | C has. S. K id d e r & Co„ C hic_ *8,056 00
_
M acD onald,M cC oy& C o.,C hic. 8,150 00 T h o m pson,T enney|& C raw ford
S. A . K ean , C hicago................... 8,128 00
Co., C h ic a g o ..............................*8,030 00
----| B a ta v ia n B an k , L a C ro s s e .... 8,020 00
* A n d b la n k bonds.

For description of bonds see Chronicle March 29, p. 691.
A lm onte, Out.—D ebenture S a l e — On A pril 7 “ the ten de
bentures of $735 82 each, m aturing one each year, beginning
Dec. 15, 1911, ‘without, in terest,’ ” were aw arded to A. W .
H arrison for $4,185. Follow ing are the bids :
A. W . H a rrs io n .................................*4,185 I C an a d a L ife A ss o c ia tio n Co........ *3,918

D om inion S e c u ritie s C o rp o ra t’n . 4,144 W m . C. B r e n t..................................... 3,891
Geo. A. Stim son & Co ................... 4,061 |

A nderson, S. C.— B o n d O ffering. —Proposals w ill be re
ceived until 12 M,, A pril 29, by B. C. Maxwell, City Clerk
and T reasurer, for not less th an $40,600 nor m ore th an $50,000 sewer bonds. Secuiiiies w ere authorized at an election
held Feb. 7, 1902. They will be dated A pril 1, 1902, and the
interest w ill be payable sem i-annually. Bids are asked for
bonds ru n n in g for any num ber of years not exceeding fifty,
and bearing in terest a t a rate not exceeding 5%. The City
Council will not fix the rate or the denom ination or the m a
tu rity of the bonds u n til all bids are received, and w ill
then make the description of the bonds conform w ith the
conditions of the bid accepted. The successful bidders w ill
be required to deposit 10% of the am ount aw arded on being
notified th a t th eir bid is accepted.
A vondale, A la.—B o n d S a le — This tow n has sold $10,000
6% 80-year im provem ent tonds to O tto Marx & Co. at 103.
Securities are in denom ination of $1,000, dated March 15,
1902, In terest w ill be payable semi-annually.
B altim o re, Md.—B o n d B ill Vetoed.—The Governor has
vetoed the bill passed by the Legislature authorizing the
issuance of $1,000,000 bonds for the extension of D ruid H ill
Park.

Barrett (Minn.) School District No. 38.— B o n d Offering.

—Proposals w ill be received until 12 m., A pril 26, by A. H.
W atson, D istrict Clerk, for $5,000 4% 10-year bonds dated
May 1, 1902. A certified check for $250 m u st accompany
proposals.
B astro p County, Texas.—Bonds A p p ro ved .— The A ttor
ney General haB approved an issue of $45,000 refunding
bridge bonds.
B e ltra m i County (P. 0. B em idji), Minn.—B o n d Offering.
—Proposals will be received until 10 A. M., May 5, by D. L.
Sylvester, County A uditor, for $50,000 5%15-year court-house
and jail bonds. Securities were authorized at an election
held M arch 11, 1902. The bonds will be issued in such de
nominations as desired by purchaser, and the interest w ill
be payable either annually or sem i-annually as desired. A
certified check for $1,000, payable to O. J. Shinn, County
Treasurer, m ust accompany proposals.
B ennington (Y t.) School D istric t.—L o a n O rdered.—A t a
recent meeting, the trustees were instructed to borrow $25,-

844

THE

CHRONICLE

00O iruui the National Life Insurance Co. of Montpelier at
3 , i. Loan U to refund part of the district’s indebtedness.
Bow ling Green, Ohio.—B ond O ffering,— Proposals will be
reeeiv d until 12 M , May 10, at the office oi Alex. William
son, city Clerk, for $6,500 4# refunding bonds. Securities are
issued under the authority of Section 3701, Revised Statutes
of ( >n
They are in denomination of $500, dated May 1,
1903 Interest will be payable March 1 and September 1,
r 1
hI will mature $500 each six months from March 1,
19
to March l, 1931, inclusive. A certified check for $100
must accompany bids. Purchaser will be required to pay
accrued interest.
Butler County ( f . 0, Hamilton), Ohio.—Bond Offering.
—Proposals will be receive! until 11 a . m., April 35, by the
Board of Commissioners, f it $13,000 4 per cent county debt
refunding bonds and $10,000 court-house debt-refunding
bonds. Securities are issued under the authority of section
2834a, Revised Statutes of Ohio, They are in denomination
of $500, dated May 1, 1903. Interest w ill be payable Jan. 1
and July 1 at thti office of the County Treasurer. Principal
will mature July 1, 1916. A certified check for $300 must
accompany proposals for each issue. Accrued interest is to
be paid by purchasers.
Camden, N. J ,—Bond Offering.—Proposals will be re
ceived until 8 P. M., April 21, by Charles Laird, Chairman
of the Finance Committee of the City Council, for $70,000 4#
refunding floating debt bonds. Securities are in denomina
tion of $1,000, dated Juae 1, 1902. Interest will be payable
semi-annually. Principal will mature June 1, 1932, A cer
tified check on a national bank for 5# of the amount of bonds
bid for, payable to the City Treasurer, must accompany pro
posals. Accrued interest is to be paid by purchaser.
Colum bia County (Ore.) School D is tric t No. 2,—Bond
O ffering. —Proposals will bs received until 6 p . m ., May 10, by
Edw in Ross. County Treasurer, a t St. Helens, for $3,700 5#
gold school bonds. Securities are in denomination of $500,
except one bond, which is for $700. Principal will m ature
in tw enty years, subject to call after five years.
Colum bos, Ohio.—B ond O rdinance. —An ordinance has
been introduced in the City Council providing for the issu
ance of the $175,000
10 20-year (optional) electric-lightplan t bonds authorized a t the recent election.
B ond Sale.— It is stated th a t the Sinking Fund Trustees
have taken an issue of $160,000 8% 10 20-year (optional) de
.%
ficiency bonds as an investment.
Coryell County, T ex.—Bonds A pproved. —The A ttorneyGeneral has approved the issuance of $78,000 refunding
court-house and jail bonds.
Council Bluffs (Iow a) In d ep en d en t School D is tric t —
B o n d Sale. —On April 15 the $102,000 4$ refunding bonds,
described in the C hronicle M arch 29 were awarded to
Charles R. H annan a t 101T71. Follow ing are the bid3:
Chaa. R. H a n n a n ................... . .8102,175 I W . J .H a y e s & Sons (less $1,020
F ir s t N at. B ’k, Council B luffs.. 102,1 U
co m m issio n )...............................$102 000
N , W . H a rris & Co., C h icag o .. 102,143 I

CridersY ille, Ohio.—B ond O fferin'),— Proposals will be
received u n til 12 m ., May 4 (this is Sunday, b u t the date is so
given in the official advertisem ent), by Gr. E, Kelly, Village
Clerk, for $2,500 5# electrii light bonds. Securities are in de
nomination of $125, dated April 1 1902. Interest will be
payable semi-annually. Principal w ill m ature one bond
each six m onths from A pril 1 1903 to Oct. 1 1912, inclusive.
A deposit of at least $100 will be required w ith each bid.
Deer Lodge County (M ont.) School D istric t No. 10. —
B o n d Sale. —On April 14 the $58 000 10 20-year (optional)
bonds, described in the Chronicle A pril 5, were aw arded to
E. H. Rollins & Sons, Denver, at 102 for 5 per cents.
D onor a, P a.— Bond Sale.—On April 10 an issue of $75,000
improvement bonds was aw arded to The Lam precht
Bros. Co,, Cleveland, a t 105’52 and in terest—a basis of about
4 ‘093#. Following are the bids :
L a m p re c h t B ro s. Co.. C leve.. $7 9,140 00 I D enison, P r io r & Co., C leve. .$75,103 90
IP. F . F u lle r & Co., C le v e ........ 75,750 00 |

[V ol . LXXIV.

Commission on April 9 purchased $12,000 refunding railroadaid bunds of this township.
Fernaudiiia, Nassau County, “Fla.—Bond! O ffering.— Pro
posals will be received until 8 P, M,, June 4, by J. E. Starke,
City Clerk, for $75,000 5# 80 year bonds voted at an election
held March 17 for the following purposes: $34,000 to refund
outstanding bonds, $15,000 to fund existing judgments and
outstanding warrants, $12,000 to enlarge the electric light
plant, $8,000 for a city building and $16,000 for a sewer sys
tem. Securities are in denomination of $500, dated J uly 1,
1902. Interest will be payable semi annually at the office of
the City Treasurer, A certified check for 5# of the amount
of bid must accompany proposals. The above issue will
represent the total debt of the city. The assessed valuation
for 1901 was $973,809 and the estimated real value about
$3,000,000.
Fresno School D istrict, Fresno County, Cal.—B ond Elec
tion, —An election will be held to-day (April 19) to vote on
the question of issuing $75,000 5# gold bonds. Securities, if
authorized, will be in denomination of $1,000, and the prin
cipal will mature $5,000 yearly in from six to twenty years,
inclusive, after date.
Greenwood, 8. C.—B o n d Sale. —On April 8 the $10,000 5#
20-40-year (optional) sewerage and water-extension bonds
were awarded to F. M. Stafford & Co., Chattanooga, at
107’45—a basis of about 4'43%# if bonds are called at thsir
optional date, and 4'592# if allowed to run to full maturity.
For description of bonds see Chronicle March 29, p. 693,
Hamilton (Ohio) School D istrict.—B onds R eaw arded. —
The $20,000 4# bonds awarded on Feb. 21 to Denison, Prior &
Co., Cleveland, have been reawarded to Seasongood & Mayer,
Cincinnati (the third highest bidders at the original sale), at
their bid of 104’788. These bonds were described in the
Chronicle February 8, p, 340.
Hillsborough County (P. 0. Tampa), Fla.—Bids R e 
jected. —All bids received April 10 for the $400,000 4# 30-year
gold bonds were, according to reports, rejected.
Holland, Mich.— o n d Offering. —Proposals will be re
B
ceived until 7:80 p . M ., April 29, by William O. Van Eyck,
City Clerk, for $30,000 3)^# water bonds, Series “I,” and $25,000
electric light bonds, Series “ C.” Securities are in
denomination of $1,000, dated May 1, 1902. Interest will be
payable semi-annually at the office of the City Treasurer.
Principal will mature Feb. I, 1923, A certified check for
$1,000, payable to the city of Holland, must accompany pro
posals.
Jackson, Miss.—Bond S a le.—On April 15 the $100,000 5#
paving bonds, described in the ^C
hronicle March 15, were
awarded to Seasongood & Mayer, Cincinnati, at 104T27, a
basis of about 4’67#.
Jefferson County (P . O. W atertow n), N. Y.—B ond Offer
in g .— P
roposals will be received until 12 m , April 28, by F.
M. Parker, County Treasurer, for$50,0 J % % county-building
O %
bonds. Securities are dated May 1, 1902, Interest will be
payable annually on Feb. 1 in Watertown. Principal will
mature $5,000 yearly on Feb. 1 from 1904 to 1913, inclusive.
A certified check for $1,000, payable to the County Treas
urer, must accompany proposals.
Jennings, Calcasieu Parish, La,—Bo-ad Sale.— On April 1
the $25,000 water, the $15,000 sewer and. the $10,000 building
51 bonds were awarded to Caas. H, Coffin & Go., Chicago, at
102. For description of bonds see Chronicle March 8, p. 543.
K ing County (Wash.) School D istric t No. 132.—B ond
S a le —On April 1 an issue of $1,950 6# 5-10 year (optional)
bonds was awarded to Wm. D. Perkins & Co. of Seattle at
102’05. Three bonds are in denomination of $500 and one of
$450. Interest will be payable annually.
Lampasas County, Texas.—B onds Registered —B ond Sale.
—The State Comptroller has registered an issue of $10,000
refunding bridge bonds. It is stated that of this issue $8,000
bonds have been purchased by the State Permanent School
Fund.
Larchmont, N. Y.—B ond Sale. —This place has sold to
Dick Bros. & Co., New York, an issue of $20,000 3J^# bonds
at 10P31—a basis of about 3*383^#. Following are the bids :

Securities are in denomination of $1,000, and the interest
wi'i be payable semi-annnally in Donora. Principal will
mature $10,000 j n 7 years, $10,000 in 12 years, $12,000 in 17
years, $16,G O 22 years, $19,000 in 27 years and $8,000 in 29 D ick B ros. & Co.. N ew Y ork .. lO l'S l I M. A . S tein, N ew Y ork..........,...100'69
O ^in
Farson, L each & C o.,N ew X ork.101’03 I Geo. M. H a h n , N ew Y o rk ...........100'57
years.
Elyria, Ohio.—Bcmd SaJe.—On April 15 the $150,000 4$
Securities are in denomination of $1,000, dated May 1,
water-improvement bonds maturing yearly on August 1
1902. Interest will be payable
from 1909 to 1923, inclusive, were awarded to Seasongood & cipal will mature $1,000 yearly semi-annually and the prin
on May 1 from 1907 to 1926,
Mayer, Cincinnati, at 102. Following are the bids :
inclusive.
Season g o o d & M ayer, Cin.. $153,000 00 I L a m p rec h t B ros. Co.. Cl eve. $150,500 00
Lewis and Clarke County (M ont.) School D istric t No.
D em sou. P rio r & C o..C leve. 151,400 00 I P. S. B riggs & Co., C incin.. 160,320 00
F . J . W eid am an & Co........... 151,200 00 S ta te Sav, B a n t, Toledo™ ... 150,102 75 9.—B ond Offering, —Proposals will be received until 1 p, M,,
IT. L , F u lle r & Co., C hicago.. 150,050 00 1
April 26, by the Trustees of the District, L. H. Sinclair,
Englewood, N. J .= Bond Sale.—On April 15 the $18,000 Chairman (P. O. East Helena), for $6,000 4# 5-10 year (op
—
school and $15,000 fire 3>£# 30-year bonds, described in the tional) bonds. Securities were authorized at an election held
C h r o n i c l e April 5, were awarded to John D, Everitt &
July 6, 1901. They are in denomination of $500, dated July
Co., New York City, at 100T25, a basis of about 3 493#. 1, 1902. Interest will be payable semi-annually at the office
This was the only bid received.
of the County Treasurer.
Evansville, W is.—Bond Sale.—On April 2 $51,000 4#
Lewiston, Idaho.—Bonds R e-aw arded.— The $80,000 5$ 10water and light bonds were awarded to the Bank of Evans 20-year (optional) bonds awarded on January 29 to Seasonville at 102-284, accrued interest and blank bonds free of good & Mayer, Cincinnati, at 101 '335 have been refused by
charge. Following are the bids :
that firm and the bonds re awarded to E, H. Rollins & Sons,
B a n k o f E v a n sv ille ........ ....... $52,165 00 I N. W . H a rris & Co., C hicago.$52,105 00 Denver, at the same price offered by the Cincinnati house,
R . K ley b o lte it Co., C in c in .... 52,160 00 |
Lexington, Mass.—Bonds A uthorized. —At an adjourned
Securities are dated April 1, 1902, aud w ill mature on
April 1 as follows : $3,000 in each of the years 1913 and 1914, town meeting held April 7 the issuance of $10,000 bonds to
$3,000 in the year 1915 and in 1916, $4,000 in 1917, $5,000 in refund a like amonnt of water securities maturing Nov, 1.
1918 and also in 1919, $7,000 in 1920 and $10,000 in 1921 and 1902, was authorized.
Lima, Ohio.—B ond Sale.—On April 14 the' $87,611 49 4*
likewise in 1922:
F airv iew Township, F o rd County, K an.—Bond Sale.—It West Kibby Street paving bonds dated April 1, 1903. and
is reported in Topeka papers that the State School Fund $3,831 75 4# We3t Cole Street paving bonds were awarded to

THE CHRONICLE.

A pril 19, 1902. J

Seasongood & Mayer, Cincinnati, a t 100 277 and' 100*244, re
spectively. Follow ing are th e bids :
'

^ P r e m i u m -------- ,

$27.011 19

iit, boncla.
Bensons nod & M ayer, C in c in n a ti...............................................$70 05
K. L. P u ller A Oo., C hicago........................................................... o i 20
C olum bus Sav in g s * T r u s t Co.................................................... 6100
L a m p reo lit B ros. Oo., C lev elan d ................................................. 6 00

$3,881 75

a t. bonds.
*8 25
.........
.........
Pur

,

845

HulUor A Co., Nuw Y o r k ..............104"4 I I M. A. SI,Old. Now V'ork.................10P75
Dick B r o s .* Co., Now Y ork ...104 "18 W. It. T o d d * Co., C in c in n a ti...1 0 1 ‘70
.1,10. D. iHverl I t * Co.. N. V.........104-00 I O. It. WlllliHUH* Co., J 'h lla . . .101-50
T hom pson, T e u n o y St C ra w fo rd ,
1 W. J . H utch * Bonn, C love
...101-442
Now Y ork.......................................108 02 F a rso n , Loach * Co.. Now York.101-15

N. W. H arris * Co., Now York. .102*278 I

For description of bonds see Chronicle April 12, p. 793.
Mi8B<>uhi, M ont.—No S a tisfa c to ry B id s .— This city did not
receive any satisfactory bids on April 7 for the $93,000 4% 1020 year (optional) refunding bonds offered for sale on th a t
For description of bonds see C hronicle April 12, p. 793.
B o n ds V oted. —This city on A pril 7 authorized, by a vote day.
M ount Vernon, N. Y.— B o n d B ill.— Chapter 44, Laws of
of 8,521 to 1,267, the issuance of bonds for w ater purposes.
Lincoln, Neb.—B ond Sale.— On A pril 14 the tw o issues of 1902, authorizes this city to issue not exceeding $175,0C0
5% 1-10-year (serial) repaving bonds, aggregating $21,700, bonds for the purpose of paying all existing claims law fully
were aw arded to Nelson C. Brock of Lincoln a t 101*774%. F ol due and owing by the city, and also for tbe purpose of sup
plying and m eeting all deficiencies now existing in the v a ri
lowing are the bids :
ous funds of the treasury. U nder the law the bonds are to
N elson C. Brook, $21,700 b o n d s .$22,086 I B a rb e r A sp h a lt l*av. Co., Om aha,
f i r s t N at. B’k , } 9,200 b o n d s. 9.335
bo n d s N os. IB to 20,$8,126for. .$3,160 be issued in denom ination cf $1,000 and are to m atu re w ithin
B a r n e s v i l l e . ( 12,600 b o n d s. 12,706 |
forty years. Interest is to be payable sem i-annually at a rate
For full description of bonds see Chronicle, M arch 15, not exceeding 4%.
p. 592.
Muskegon, Micli.—Rond A g reem en t. —The Common Coun
L lano County, T exas.—B ond Sale. —The S tate Board of cil has entered into an agreem ent w ith Noble, Moss & Co. of
Education on A pril 7 purchased $12,000 bonds of this county. Detroit to sell to th a t firm a t par all the bonds to be issued
Lock Haven (P a .) School D is tric t.—B o n d Sale. —We are during the coming season to pay for street im provem ents, the
advised that no bids were received on April 11 for the $33,500 am ount being lim ited to $100,000. The bonds are to bear 5%
3%15-20-year (optional) refunding bonds from any but local interest, payable annually a t tbe office of the City T reasurer.
laities, and th a t the entire issue will be disposed of to these The principal will m ature one-fifth yearly. Blank bonds are
ocal investors a t par. Bonds are dated May 1, 1902.
to be furnished by the purchasers free of charge.
Lucas County (P . O. Toledo), O hio.—Bond Offering.— P ro 
M nskegon H eights, Mich.—B o n d s D efea ted .—T h is place
posals will be received u n til 10 A . M ., A pril 29, by the Board has voted down a proposition to issue $40,000 w ater bonds.
of Commissioners for the following b o n d s:
New H a rtfo rd School D istric t No. 1, O neida County,
$27,000
sto n e ro a d -im p ro v e m e n t b onds, in d e n o m in a tio n o f $600, Issued N. Y.—B onds A u th o rize d a n d So ld . —A t a special election
u n d e r th e a u th o rity o f S ectio n 48id, R ev ised S ta tu te s o f Ohio. P rin  held A pril 11 it was unanim ously voted to ratify the sale of
cipal will m a tu re *3,000 y e arly fo r five y e a rs, $2,600 fo r th e n e x t fo u r
$22,000 school-building bonds to the U tica T ru st & Deposit
y ears a n a *2,000 in te n years.
37,500 i% b rid g e b onds, in d e n o m in a tio n o f $500, issu e d u n d e r S ectio n 871, R e Co. These bonds as originally voted were to m ature in n e t
v ised s ta t u te s o f Ohio. P rin cip al will m a tu re $7,60<> yearly.
8,661 60
d itc h b onds, u n d e r S ectio n 4479 o f t h e S ta tu te s . Seven bonds less than ten nor more th an th irty years after date. The new
in d e n o m in a tio n o f *500 a n d o n e o f *61 to . P rin c ip a l will m a tu re election was held in order to fix the m atu rity a t definite pe
$1,500 in o ne y e a r an d also in tw o y ears a n d $561 60 in th re e years.
5,000
d itc h re d e m p tio n bo n d s, u n d e r S ectio n 4t80 o f th e R ev ised S ta t riods, and the bonds in accordance w ith this election w ill
u te s . D e n o m in a tio n . *500. M a tu rity , $2,060 in o n e y ear, $2,000 in tw o m ature p art yearly from 1912 to 1922, inclusive.
y e a rs a n d $! ,000 in th r e e years.
N orristow n, P a .—B o n d Sale. —The $150,000 30-year im 
Interest on the above bonds will be payable semi-annually
a t the office of th e County T reasurer. A certified check on provem ent bonds offered as 3 per een<s on M arch 31 b u t not
a Toledo bank or cash for $1,000 m ust accom pany bids for sold have been awarded as 3)^ per cents to N ew burger B roth
each of the tw o larger issues and one for $200 for each of the ers & Henderson of Philadelphia at 101*29.
Oak Cliff, T e x .— B o n d O ffering.— The City Council has au 
two sm aller issues. Separate bids m ust be made for each
thorized the issuance of $26,000 4% gold refunding bonds. Se
issue. W m . M, Godfrey is County A uditor.
Lusk, Wyo .—B o n d Sale.— This city has sold a t par an issue curities are to be dated May 2,1902. Interest w ill be payable
sem i-annually at th e office of the S tate T reasurer or in N ew
of $4,500 6% 10-30-year (optional) w ater-w orks bonds.
Lynn, Mass.—B o n d Sale.— On A pril 17 an issue of $325,000 York City. Principal will m atu re May 1, 1932, subject to call
3)£% 30-year w ater bonds was aw arded to Jose, P arker & Co., after May 1, 1912. Bids for these bonds may be addressed to
Boston, a t 105 6677—a basis of about 3*205%. Following are M. L. Morris, Mayor. See call for old bonds elsew here in
this Departm ent.
the bids :
O rien tal School D istric t, M endocino County, C al.—B o n d
Jo se, P a rk e r & Co., B o sto n ... 105"6677 I R. L . D ay & Co., B o sto n ...............104-838
Sale, —On A pril 8 an issue of $1,200 6% school bonds was
A dam s & Co., B o sto n ................. 106'28
E sta b ro o k & Co.. B o sto n ............. 104-56
L ee, H ig g in so n & Co., B o sto n .105’21 ) E. C. Stanw ood & Co., B o sto n ...104-00
awarded to J. C. Ruddock a t 103*75.
B lodget, M e r r itt* C o ., B o sto n . 106"07
G eo. A . F e rn a ld & Co.. Boston..lO3‘90
Oswego, N. Y.— B o n d Sale.— On A pril 15 the $550,000
B lake B ros. & Co., B o sto n ........105'05
N. W . H a rris & Co. a n d M errill,
H. H . R o llin s & Sons, B o sto n . .115-03 I O ld h am & Co., jo in tly ,B o sto n .103-987 1-20-year (serial) registered w ater bonds, dated A pril 1, 1992,
McLean County (P . O. W ashburn), N. D ak .— B ond Sale.— were awarded to Estabrook & Co. and R. L. Day & Co., New
On A pril 8 tb e $14,000 4$£% 20-year refunding bonds de York, at their jo in t bid of 101*07, an interest basis of ab o u t
scribed in tbe Chronicle M arch 1 were aw arded to Rudolph 3*379%. Following are the bids :
I D en iso n , P rio r & Co., C le v e .... $650,825
Kleybolte & Co., C incinnati, a t 104*643—a b a sia of afcont E sta b ro o k & Co. a n d R . L . D a y
& Co., N ew Y o rk .......................*655,885 | 8 e asongood & M ay er, C in c in ... 550,550
4*156%. Follow ing are the bids :
F arso n . Leacb & Co., N. Y ........ 552,915 i Geo. M. H a h n , N ew Y o rk .... .. 550.500

{

R .K le y b o lte & Co., C ln e in ...$14,65000 I T h o m p so n , T e n n e y * C raw T. B. P o tte r , C h icag o ........... 14,267 00
fo rd Co., C hicago....................$14,255 00
K a n e < Co., M in n ea p o lis
fc
14 000 00 I S. A . K e a n (less 2%co m m is’n) 14 000 00

McRae, Ga .—B o n d Sale.— On M arch 31 th e $15,000 5%
water-works, electric-light and fire-departm ent bonds de
scribed in the Chronicle March 29 were aw arded to S. A.
Kean of Chicago at 103 51—a basis of about 4*68#.
M alang Common School D is tric t No. 3, R oseau County,
M inn .—B o n d O ffering, —Proposals w ill be received until 7
p. H,, A pril 22, by C. E B randt, D istrict Treasurer, for $1,000
7% 10-year bonds. Securities are in denom ination of $500,
dated A pril 1, 1902. Interest will be payable annually.
M ansfield, Ohio .—B o n d O ffering ,—Proposals will be re 
ceived between the honrs of 10 a . m . and 2 p, m , May 14, b y
F. M. Remy, City Clerk, for $4,700 bonds as follow s:
$1,600 556 1-8-y e ar (serial) M arion A v e n u e sew e r-a sse ssm e n t bonds.
1,200 6 i 1-3-year (serial) P o p la r S tr e e t sew e r-a sse ssm e n t bonds.
1,2001% 1-3-year (serial) V ennum A v e n u e sew er a ss e ss m e n t bonds.

Securities are in denom inations of from $100 to $500, dated
May 14, 1902. Interest will be payable annually. A certi
fied check for 10$ of th e bonds bid for, draw n on one of the
local banks in favor of F. M. Remy, City Clerk, m ust accom
pany proposals, w hich are to be made on form s furnished by
th e City Clerk.
B id s Rejected.— AW bids received April 17 for the six is
sues of 5% 1-3 year (serial) street and sewer bonds, aggregat
ing $i;6,000, were rejected.
M arsh a ll County, M inn.—L o a n N egotiated.— This county
has borrowed $25,000 from the S tate for ditch purposes. As
will be remembered, an issue of $75,000 5% ditch bonds was
offered for sale on F ebruary 18, but the bids then received
were all rejected. W e are now advised th a t bonds will not
be again offered for sale u ntil the fall, and not then provided
the money can be obtained from the State.
M echanlcgville, Iow a.—B o n d E lectio n .— A n election will
be held in this place to vote on the question of issuing
water-w orks bonds. I t is stated th a t the question of issuing
bonds for this purpose has already been once voted upon, but
th a t the election was illegal.
M ercer County (P . O. T re n to n ) N. J .— B ond Sale.— On
April 14 the $100,000 3yz% county-building bonds m aturing
April 1, 1941, were awarded to Spitzer & Co., New York, at
104*41—a basis of about 3*30$. Follow ing are the bids :

N. W. H a rris & Co., N. Y .......... 551,485 W . J . H a y e s * Sons, C le v e ,.... 550,275
L a m p re c h t B ro s. Co., C le v e ... 661,320 1

F or description of bonds see Chronicle M arch 22, p. 643.
P alo A lto, P a .—B o n d s D efeated. —The election held re
cently resulted against the issuance of $15,000 electric-lightplant bonds, although earlier reports had it th a t the bond
question had carried.
P im a County (P . O. Tucson), A riz .—B o n d O ffering. —
Proposals w ill be received u n til 12 m., A pril 21, by H arry
A. Dracfiman, County Treasurer, for $25,000 4% 50-year gold
refunding bonds. Securities are in denom ination of $1,000,
and are issued under the au th o rity of Chapter 2, T itle 31, of
the Revised Statutes of Arizona of 1887, and of an A ct cf
Congress approved M arch 3, 1901. A certified c h e c i for
$50o m ust accompany proposals.
P la tte County, Neb.—B o n d E lectio n .— The Board of Su
pervisors has called an election for Ju n e 3 to vote on the
question of issuing $65,000 3>£% 2-20-year (optional) co u rt
house bonds. The proposed issue is to be dated Sept. 1, 1902.
P le a sa n t Ridge, Ohio—B o n d Sale.— On April 14 the $5,100
4% refunding street bonds described in the Chronicle M arch
15 were aw arded to Seasongcod & Mayer, C incinnati, at
101*716 and interest. Following are the bids :

Seasongood & M ayer, C incln..$5,lS 7 6 1 1 W . J . H a v e s & Sons, C le v e ....*5,175 00
A tlas N at. B ank. C in c in n a ti... 6,175 00 | It. K le y b o lte & Co.. C ln e in _ 6,168 00
_

R egina, N orthw est T e rrito rie s .—Debenture O ffering. —
Proposals will be received until 12 m ,, May 19, by Jam es Bal
four, Secretary and Treasurer, for $10,000 4% debentures,
Securities will m ature p art yearly on May 21 from 1903 to
1922, inclusive.
Roane County (P . O. K ingston), T enn.—B o n d Nate.—On
April 7 the $12,000 4% 20-year funding bonds described in the
Chronicle M arch 22 were aw arded to Seasongood & M ayer,
Cincinnati, at par.
R oberts County (P . O. Sisseton), S. D ak.—Bond Sale. —
On April 2 an issue of $20,000 4% 20-year refu rd in g bonds
was aw arded to the M innesota Loan & T rust Co., M inne
apolis, at par and accrued interest. Securities are in de
nom ination of $1,000, dated A pril 5,1902. In terest w ill be
payable semi-annually.
R ochester, N. Y.—T em p o ra ry L o a n . —This city on A pril 11
awarded a two-m onthb’ loan of $150,000 to C. S. L u n t & Co.
of Rochester at 4*45%. The following offers were made :

THE CHRONICLE,
{'. 3. Lunt A
Hucbu£)±c< T

j M « M « l .........±'458 I Broadway Hav. lu sti. New Y ork..4*508
S -safe l)ap. Co__ 4*6u8 | Dansoomb X Jenuisou, N, ¥ .........4*008
c

Band Bills. —T h e

(g o v e r n o r r e c e n t ly s ig n e d t h e f o l l o w i n g
b ills ; C h a p te r 535, a u t h o r iz in g b o n d s f o r a h ig h - 6 c h o o l
b u il d in g a n d C h a p te r 556, a u th o r iz in g 1 3 ,0 0 0 ,0 0 0 b o n d a to r e 
t ir e e x i s t i n g is s u e s .
K otik y K iv e r S p e c i a l S c h o o l D i s t r i c t , C u y a h o g a C o u n t y ,
O h io .—Bowi B ale,— Oq A p r il 14 t h e $11,000 b% 1 - l l - y e a r
( s e n d ) b o n d s d e s c r ib e d in t h e CHRONICLE M a r c h 29 w e r e
a w a r d e d to T h e L a in p r e o h t B r o s. C o ., C le v e la n d , a t 106*048
— a b a sis o f a b o u t 3*753$. F o l l o w i n g a r e t h e b id s :
iiumpreetit Bros. Co. Glove..911,731 88 I U. K leybolte & Co., Cilioin. ..$11,526 00
Disulauu, Priur A O .C l a v e .. 11,780 40 1 . II. Fulton & Co., Chicago., 11,688 60
Columbus Sav a T i-usi C o... 11,685 00 I RoOk? River Savings Bank:,, 11,50000
Rosters A Son,a, Chat,', F a lls... 11,859 00 ! Harry IS. Weil A Co., Cinoin. ±1,471 99
Seasougooa A Alaver, i On... . t 1,632 50 I Soitser & Co„ 'Toledo............. 11,868 00
W. J. Hayes A Sons, C lave.... 11.6B7 oO 1F irs t Nat. Bank, B am esvllle. 11,886 00
State Say. Bank, Toledo .. . 11,633 00 i

K o l i a , Mo,-— B o n d Offering.— P r o p o s a ls w i l i b e r e c e iv e d
u n t il i p, m „ M a y 2, b y W. D , J o n e s , C it y C le r k , fo r $ 3 ,0 0 0
5$ 10-8 0 -y e a r ( o p t io n a l) b o n d s. S e c u r i t i e s a r e in d e n o m in a
t io n o f $500.
K o in e , N . ¥ . — Bmd Sale.— h is c i t y o n M a r c h 39 s o ld a n
T
is s u e o f $8,437 11 % % l- 4 -y e a r ( s e r ia l) p a v in g b o n d s , d a t e d
%
A p r il 1 1903. to th e O n e id a S a v in g s B a n k o f O n e id a a t p a r .
i n t e r e s t w i l l b e p a y a b le a n n u a lly o n A p r il 1,
R u t h e r f o r d , N . J . — Bond Sale.— n A p r il 15 t h e $ 4 0 ,0 0 0 4$
O
8 0 -y e a r g o ld s t r e e t im p r o v e m e n t b o n d s w e r e a w a r d e d t o
J o h n D , E v e r i t t & C o ., N e w Y o r k C ity , a t 105*55—a b a sis o f
a b o u t S'OOS#. F o r d e s c r ip tio n o f b o n d s s e e C h r o n i c l e A p r il
12, p , 793,
S t , P a n t , M i n n .— Bond Offering, — P r o p o s a ls w i l l b e r e 
c e iv e d u n t i l 12 m ., M a y 1, b y J . J . M c C a r d y , C ity C o m p 
t r o l l e r , f o r $ 9 9 ,0 0 0
a r m o r y b o n d s . S e c u r i t i e s a r e in d e 
n o m in a t io n o f $ 1 ,0 0 0 , d a te d M a y 1, 1902. I n t e r e s t w i l l b e
p a y a b le s e m i- a n n u a lly in N e w Y o r k C it y . P r i n c i p a l w i l l
m a t u r e A p r il 80, 1922. A c e r tifie d c h e c k f o r 2$ o f t h e p a r
v a lu e o f t h e b o n d s b id f o r , p a y a b le t o t h e C it y T r e a s u r e r ,
m u s t a c c o m p a n y p r o p o s a ls .

The official notice of this bond offering vnll be found among
the advertisements elsewhere in this Department.

NEW

LOANS.

s$ o j > , o o c >

S a le m , M a s s ,—Temporary Loan, — T h is c i t y h a s b o r r o w e d
te m p o r a r ily f r o m J o s e , P a r k e r & C o, B o s to n , t h e s u m o f
$40,000 a t 3*09$,
Salt Lake C it y , Utah, —
Bond Offering,—P r o p o s a ls w i l l b e
r e c e iv e d u n t il 5 p , m ., M a y 13, b y J , O . N y s t r o m , C ity R e 
c o r d e r , fo r $ 5 4 8,000 4 % r e f u n d in g b o n d s. S e c u r i t i e s a r e in
d e n o m in a t io n o f $ 1 ,0 0 0 , d a t e d J u l y 1, 1902. I n t e r e s t w i l l b e
p a y a b le s e m i- a n n u a lly a n d t h e p r in c ip a l w i l l m a tu r e J u l y 1,
1932. A c e r tifie d c h e c k o n s o m e lo c a l b a n k f o r 5%o f b id
m u s t a c c o m p a n y p r o p o s a ls . N o q u a lifie d b id s w i l l b e c o n 
s id e r e d .
S a n g a m o n B o u n t y , 111.—Bond Election.— n e l e c t io n h a s
A
b e e n c a lle d fo r A p r il 22, 1902, t o v o t e o n t h e q u e s tio n o f i s s u 
in g $ 175,000
8 - y e a r f u n d in g a n d r e f u n d in g b o n d s. A n
e le c tio n w a s h e ld J a n u a r y 14 t o v o t e a l ik e a m o u n t o f 20y e a r b o n d s, b u t t h e p r o p o s it io n f a ile d t o c a r r y .
8 a n S a b a C o u n ty , T e x a s . — B o n d s Voted. — O n A p r il 1 t h i s
c o u n t y , b y a n o v e r w h e lm in g m a j o r it y , v o t e d t o is s u e $17,000
H 5-20 y e a r (o p tio n a l) b o n d s f o r t h e p u r p o s e o f b u il d in g th r e e
b r id g e s a c r o s s t h e C o lo r a d o R iv e r . W e a r e a d v is e d t h a t
t h e b o n d s w i l l b e o ffe r e d fo r s a le in t h e n e a r f u t u r e .
S a r a t o g a S p r i n g s , N . Y.—Bond Bill.—A. b i l l w a s r e c e n t ly
s ig n e d b y t h e G o v e r n o r a u t h o r iz in g t h e V i l l a g e T r u s te e s to
is s u e $100,000 4 1 -1 0 -y e a r (s e r ia l) s e w e r a n d w a t e r b o n d s .
.&
T h is b ill is k n o w n a s C h a p te r 4 00, L a w s o f 1902.
S e a t t l e , W a s h .—Bond Election — A n e l e c t io n w i l l b e h e ld
M a y 10 t o v o t e o n t h e q u e s t io n o f is s u i n g $ 1 0 0,000 i% b o n d s
t o p u r c h a s e a s i t e fo r t h e n e w C a r n e g ie lib r a r y .
S h e b o y g a n , W l s .—Bond Bids .— F o l l o w i n g a r e th e b id s r e 
c e iv e d A p r il 7 fo r t h e $ 5 0 ,0 0 0 b o n d s d e s c r ib e d i n t h e Chron 
icle M a r c h 1 :
For 3*65 Per Gents.
I
For i P er Cents lOont.)
R. Kleybolte St Co.. Cincin.. .150,016 00 W. J. H ayes & Sons. Clove.. .¥50,772 00
For 3*76 Per Cents.
1 Faison, Leach & Co., C lilo..,. 60.611 00
Bank of Sheboygan................ 50,000 00 I S. A. Kean. Chicago............... 60,860 00
For 4 Per Gents.
Lamprecht Bros. Co.. C lev e.. 50,000 00
Denison, Prior & Co.. C lev e.. 50,985 00 |

Sodas Union Free School District No. 4, Wayne County,

N . Y .—
Bond Sale.— O n A p r il 15 t h e $ 1 5 ,0 0 0 4$ 1 -1 5 -y e a r
(se r ia l) s c h o o l b o n d s w e r e a w a r d e d t o I s a a c W . S h e r r ill,
P o u g h k e e p s ie , a t 103*633— a b a s is o f a b o u t 3*476$. F o l l o w 
in g a r e t h e b id s :

I. W. Sherrill,Poughkeepsie.$15,645 00 [ Denison. Prior Sc C o ..C lev e..$15,468 00
W. i. H ayes & Sons, Cleve__ 16,643 00 I O’Connor & Kabler, N. Y ___ 15,418 50

F o r d e s c r ip tio n o f b o n d s s e e C h r o n ic l e A p r il 5, p . 745.

N E W L O A N S .___
$ 1 2 5 ,0 0 0

City of Tuscaloosa, Ala,,
S T ,

P A U L ,

M I N N . ,

A R M O R Y BONDS.
Ci t y C o m p t r o l l e r ’s Of f i c e ,

St. Paul, Minn., April 15th, 1902.

IV o l . L X X I V ,

IN V E S T M E N T S .
N. W. H A R R IS & CO.,
BANKERS.
S I NASSA U S T ., N EW Y O R K .
BOSTON.
D eal
e x c lu siv e ly
in M u n ic ip a l,
R a ilr o a d a n d o th er b o n d s adapted
for tr u st fu n d s a n d sa v in g s.

FIVE PER CENT FUNDING BONDS. CHICAGO.

Sealed proposals are invited by the City of Tus
caloosa, Ala., for coupon bonds as above. Bonds to
be $1,000 each, maturing in thirty years; 50 bonds
w ithout option, and of th e other 75 bonds 6 to be I S S U E T R A V E L E R S ’ L E T T E R S O E C R E D I T
optional each year beginning with 1904. Bids to be A V A I L A B L E I N A L L P A R T S O E T M E W O R L D .
opened May 7, 1902. For further particulars and
Quotations furnished for purchase, sale or exchange.
descriptive circular, address
WM. G. COCHRANE. Mayor.

Sealed proposals will he received at this
office hy the Sinking Fund Committee UNTIL
12 O’CLOCK NOON ON MAY 1ST, 1902, for
the purchase of Ninty-nmc Thousand Dollars
AND
of bonds of the City of St. Paul, Minnesota,
issued for the purpose of purchasing a site and
building an Armory thereon.
Bonds will he in denomination of $1,000
each with coupons attached and dated May 1st,
1902, and mature April 30th, 1922. They will
bear interest at three and one-half per cent per
annum , payable semi-annually in New York
BO STO N.
City.
Bids will he received for all or any part D e n v e r,
San F r a n c is c o ,
thereof.
Bidders will state distinctly in dollars and
M U N IC IP A L BONDS.
cents the price offered for each bond over
and above par and accrued interest. Interest
E. O . S T A N W O C D 8b C o .
being calculated from date of issue to date of
BAN K ER S,
delivery, both inclusive.
Delivery will be
made at this office, where payment must he
12S Devonshire S tre et
made.
BOSTON.
A certified check payable to the order of the
Treasurer of the Gity of St. Paul for two per
cent of the par value of the bonds bid for must
5% B O N D S
accompany the bids.
The committee reserves the right to reject
A S P E C IA L T Y .
any or all bids. Proposals to be marked, “ Bids
for Armory Bonds,” and addressed to

M U N IC IP A L

Perry, Coffin & Burr,

Public Service Corporation IN V E S T M E N T BONDS,

BONDS.
E H. R O LLIN S & SONS

J. J. McCARDY,
City Comptroller.

I D W . C. JONES & C O .,

MEW T O R E ,
P H IL A D E L P H IA ,

-

-

1 N A SSA U STREET
112 SO. FO U R TH STREET

60 State Street,
B O STO N .

M ASON, L E W IS 8b C O .a
BANKERS,
C H IC A G O ,
H e n a d n s e k B u ild in g ,

MUNICIPAL
RAILROAD
CORPORATION

B O ST O N ,
6 0 D e v o n s h ir e St*

BONDS*

C h oice Is s u e s .

S treet R ailw ay and Gas Companies.
B IS T ON A P P L IC A T IO N .
W E O F F E R , TO Y IE L D A B O U T 38,

$ 300,000
(T o ta l Is s u e , 8 1 ,0 0 0 ,0 0 0 1

Butte Electric & Power Go.

Blodget, Merritt 6c Co.,

INVESTMENT BONDS.

B A N K E R S,

<6 Congress Street, Boston,
1 3 W a l l S tree t, N ew Y o r k .

STATE, CITY & RAILROAD BONDS.

SEND FOR

LIST.

B u tte , 91ont„
3 p e r e e u t 1 s t M o rtg a g e S in k in g Kuna
(fold B onds.
Denom ination, $1,000. Maturing t to SO yoar*.

D E N IS O N , P R IO R & CO. Rudolph Kleybolte & Co.
CLEVELAND.

BOSTON.

1 N A S S A U S T ,. N EW Y O R K o m .

THE

A p r il 19, 1902.j

CHRONICLE.

Somerset Couuty (1\ 0. Princess Anne), Md.—B o n d O ffer

ber 8. Principal will mature $1,000 yearly on September 3
from 1923 to 1920, inclusive. H J. Daring is Village Clerk.
.
Wakefield, Mass.—B o n d B a le .— On April 10 the $100,000
8%% coupon sewer bonds described in the C R N
H O ICLE April
5 were awarded to Loring, Tolman & Tapper, Boston, at
106 8055, an interest basis of about 8'147jC Following are the
.
bids:

in g .— Proposals

will be received until 12 M,, May 0, by the
County Commissioners, Charles W. Cong, President, for
$18,000 4*^# registered school bonds. Securities are dated
April 1 1902 and will mature $501 yearly, beginning in 1928.
Somerswortli, N II.—Loan N e g o tia te d ,—'The Committee
.
on Finance, it is stated, has borrowed $30,000 to pay teachers’
sulftrififli
South Bend, lud.—B on d S a le .—On April 10 the $10,000
8J^3 10-year bonds described in the C h r o n ic l e April 5 were
S
awarded to Spltzer & Co., Toledo, at 101 09—an interest
basis of about 8*371jtf, Following are the bids :
Spltzor * C o ..T o led o .................. 101*09
Seasongood & Slayer, Ctnclu__ 100*605
K. M. Campbell & Co., Ind’Us__ 100*10
Parkinson & Burr, B oston ........ 100*37

Lorlng, Tolm an & Tu ppor.BoH. 100*3055 I Blake Bros. & Co., B o sto n ...........106*30
.1o h o , 1’arkor Si Co.. B oston
100-1207 Adams & <!o.. B oston..................... 105*19
M C. Htanwood A Co., Boston..105*85 I Itlodaet, M er r itt* Co., Host .n. .10518
.
N. \V. Harris Jk, Co., New York.l05*7H7 I l.eo, H iggle son & Co., B oston. 105*17
It L. Day A Co.. Boston . .. ..J05*678 I Parson, Leach & Co., B o sto n ... 105*15
Wstuhrook A Co., B oston .......... 105*43 I ID 11. R ollins A Sons, B o s to n ... 104*877
.
Morrill. Oldlmm A C o..B oston.106*86 I

N o tts A u th o rize d . —A.t a recent town meeting the Treas
urer was authorized to^iasne $3,500 notes for bridge-building
purposes.
Waltham, M .— T e m p o r a r y L o a n . —This city has bor
aBS
rowed $50,000 for six months from Edgerly & Crocker, Bos
ton, at 8*65$.
Walton Graded Common School District, Boone County,
Ky.—B o n d S a le .— On April 14 the $10 000 5# 1-20-year (serial)
bonds were awarded to The Lamprecht Bros. Co., Cleveland,
at 106*80—a basis of about 4*193^. Following are the bide :

I S. A. Kean. Chicago........................lo e m
| W. J. H a y es & Sons, C love......... 100*07
| Lam precht B ros. Co., C leve.........tocoO
I

Sonth Omaha, Neb.—Bond

A w ard

V etoed .—The

847

Mayor

has vetoed the resolution noted in the Chronicle April 5

awarding to C. Bevin Oldfield the $140,000 4%£ renewal
bonds. The Mayor in his message states that “ other bondbuyers have expressed themselves as willing to pay more
money for the bonds, claiming that the time provided in the
notice of sale was not sufficient to warrant them in making
unconditional offers, as required by said notice.” The veto
prevailed.
Stillwater, Ohla.—B o n d s D e fe a te d .—At an election held
in this city on March 31 the proposition to issue $30,000 bonds
for a water system failed to receive a favorable vote.

Lamprecht Bros. Co., Cleve...... 100*80
Harry E. Well A Co.................... 106*787
T. B. Potter, Chicago.................103*77
V . J. H ayes A Sons, Cleve........103*18
V

6. A . K ean, C hicago...................... 103*16
It. K leybolte ACo., C incln.........102*06

First Nat. Bank, B arnesvllle„..102*01

For description of bonds see C h r o n i c l e March 29, p. 696.
Warren, Minn.— B o n d O ffering .—
Proposals will be re
ceived until 1 p . m ., May 12, by W. N. Powell, City Recorder,
for $14,000 5% 30*year electric-light and water-works bonds.
Securities are in denomination of $1,000. Interest will be
payable annually at the First National Bank of St. Paul. A
certified check for 2% of the amount of bonds is required with
bids. The bonded debt of the city at present is $5,000. The
asse;se(i valuation is $206,003 and the actual value is esti
mated at $600 000.
Waukegan (III.) School District.— B o n d E le c tio n .—An
election will be held April 22 to vote on the question of
issuirg $40,< 00 4% school bonds.
Wheeling, W. Va.—B onds D e fe a te d .—The proposition to
issue $401,8' 0 H bonds for refunding and other purposes
failed to carry at the special election held April 12,

Urlchsville, TascarawasCounty, Ohio. —B o n d O fferin g ,—

Proposals will be received until 13 M May 10. by H. O.
.,
Snyder, Village Clerk, for $14,000 4$ refunding bonds. Secur
ities are in denomination of $500, dated April 1 1902. Interest
will be payable semi-annually and the principal will mature
in 30 years, subject to call after 15 years.
Velasco Independent School District, Brazoria County,
Texas.—N o B i d s —This district did not receive any bids oo
April 14 for the $6,000 5% 5-20-year (optional) bonds described
in the C h r o n ic l e March 22, p. 645. Wejare advised that the
bonds will probably be sold to the State.
Voorheesville, Albany County, N. Y.—B o n d O ffering.—

This village will sell at 1 p. m, April 26 an issue of $4,000 4%%
water bonds. Securities are in denomination of $1 ,000, dai e l
May 3, 1902. Interest will be payable March 3 and Septem

INVESTMENTS.
Geo. D. Cook Company,

INVESTM ENTS.

IN VE STM EN TS.

890,000

INVESTMENT SECURITIES,

MacDonald, McCoy & Co.,

MARION LIGHT & HEATING CO

Counselman Building, 238 La Salle St.,
5% F ir s t M ortga ge Bonds.
CHICAGO.
TOTAL ISSUE, $150,000.
Broad Exchange Building, 25 Broad St- $8,000... ....Jan. 1,1906
$7,000....
NEW YORK.
$7,000... ...July 1,1906
$8,OCO..„

Mexican Government and State Bonds.

FAKSOll, LEACH & 00.,

J. F .

Public Securities,
C H IC A G O .

NEW Y O R K .

BOSTON.

T . B. P O T T E R ,

L IS T

.

.

-

171 La Salle Street, Chicago.
I

J lr m T d J v c u M e r

ILLS.

ON A P P L IC A T IO N .

CHOICE OKLA HOM A
FIRST MORTGAGES
On Improved Farms

N etting the In vesto r ti per cent In terest.
Send for booklet and latest offering.

BORDEN BLOCK,

Chicago, fillinois.
M U N IC IPA L and
PJONTDQ
C O R P O R A T IO N
Netting from 3% to 3 always on hand*
%

1st Mort, Sinking Fund Gold 5*fl% Bonds-

DUKE M. FARSON & C O .

O ne 1 9 2 5 .
R edeem able a t 1 1 0 a fte r 1 9 1 0 .

115 Dearborn St., CHICAGO.

Net earning^ equal to three tim es its In
terest ch arges. P a rticu la rs on ap p lication .
W e oiler a lim ited am ount to net

C. H. W H I T E

& CO.,

Send .for our Investment Circulars.

S k a so n g o o d

■

IOWA and MIN NE SOT A
5% B O N O S .
F ull p articu lars on application.
H AR R Y B. POW ELL A
Woodwtock, V erm ont.

C O .,

VICKERS & PHELPS,
•
New York.

15 Wall Street,

IN V E S T M E N T B R O K E R S ,
H IG H E S T G RA D E R A IL R O A D

BONDS.

M ayer,

HIGH GRADE
M U N IC IP A L A N D O T H E R

BONDS.

BANKERS.
71 B r o a d w a y ,

&

C IN C IN N A T I, O H IO .

LIST ON APPLICATION.

N ew Y o rk .

WINNE & WINNE,
W ln n e B u ild in g,
W IC H IT A , K A N S A S .
Mention this paper.

& ( £ o .f

C o n t is ,

CO ., B a n k e r s ,

&

CORPORATION

BATH (N. Y.)
ELECTRIC & GAS LIGHT
C OM P A N Y

“ UNub,

172 Washington Street,

CH IC A G O ,

W IL D

AND

BONDS.

In d ia n a p o lis, In d .

P H IL A D E L P H IA .

MUNICIPAL and
C O R PO R AT IO N

$7,000....
$7,000....
$8,000,... ...Jan. 1,1911
$8,000....
$7,000... ...Ju ly 1, 1908
$7,000... ...Ju ly 1,1911
$8,000.... ..J a n . 1,1909
$8,000, .. ...Jan , 1,1912
N et earnings, $35,600 on Electric Light Plant.
New H eating Plant, recently put in operation, in
cluded in mortgage.
City of Marion, Ind., Population, 22,000.
Price to net, iU per cent.

MUNICIPAL

T R A N S M IS S IO N R O P E .

F. R . F U L T O N & C O .,
Mu
171

n ic ip a l

LA

SALLE

B onds,
STREET,

C H IC AG O .
C. D. KNAPP, JR., & CO.,
BANKERS and
D e a le r s In In v e s tm e n t S e c u ritie s,
31 N am au S treet,
NEW Y O R K C IT Y .

1 3 3 L a S a lle S treet,
C H IC A G O .

CO RD AGE
S
M J
1 A^ A U

8 N, N

, I) L D
!

A

SPECIALTIES.

V.
E

THE A M E R I C A N
MANUFACTURING
COMPANY.
08 W A LL STREET, N E W YO R K .

HIS

THE

CH RONICLE

White X
Jigtu>u, itlich. -B o n d S a le . —Ou April 4 am issue
$5,000 &$ 11 year improvement binds was awarded 13 The
Ijumprecfit Bros. Oo , Cleveland, at 100‘fiG
.
WhiiestdWu(Towu) Oneida County, N. Y.—Bond O ffe rin g ,
—Proposa l will t«e received until 8 i. h , May 5, by ti, Louis
i
Purdy, Town Oi-rk (P. Q. Whitesboro), for $2,500 tire appa
ratus and building bonds of Highway District No, 12. Seeuriti-s are in denomination of $500 and will mature one
1or.! yoariy oa March 1 from 1003 to 1907, inclusive.
Whittier, Cal, - B o n d O ffe rin g ,—Proposals will be received
until May 5 for $5,000 water-improvement bonds,
of

V hii tier School District, Los Angeles Couuty, Cal.—
I

-An election has been called for May 3 to
vote on the question of issuing $12 ,000school-building bonds.
Winchester (1\ O. Wlusted), Conn— B o n d O ffe rin g ,—
Proposals for the $84,000
funding and refunding bonds
mentioned in the Chronicle last week will be received until
2 x. m , April 38, by J, E, Spaulding, Town Treasurer. Se
3
curities are in denomination of $1,000, dated May 1,1903,
Interest will he payable semi-annually. Principal will matnre $6,000 yearly on May 1 from 1903 to 1916, inclusive.
Wood County (P, 0 , Bowling Green), Ohio,— Bond Safe.
—On April 11 the $12,000 5# road bonds described in the
C h r o n i c l e April 5 were awarded to Bead, Merry & O o.,
Bowling Green, at 103 453. Following are tbe bids :

B o n d E le c tio n ,

Heed, Merry &Co.,Bo.Green.ft2,4lt 33
Providence Sav. & Trust Co..
Cincinnati............................... 12,338 00
First Nat. Bank, Bellaire .. 12,336 00
Commons 8av. A .Trust C o ... 12,335 00
Lamprecht Bros. C o..O leve.. 12,32100
State Savings B an t, Toledo.. 12,310 00

W. J . H ayes & Sons, C ieve.. .$12,294 00
P. 8. Urieit* A Co.. Cincin....... 12,267 6 0
First Nat. Bank, Kostorla ... 13,250 00
SeiiBongood & Mayer, Otneln. 12,310 00
F. L. Fuller & Co., Cleveland, 12,310 O
u
ft, K leyboite it Co., Ciuciu . 12.1H2 00
First Nat. Bank, BaruosvUle. 13,152 00

Wftodhuii, Henry County, III.— C e rtific a te s A u th o r iz e d .—
The Board ot Trustees has authorized the issuance of $15,000 5* water-works certificates. Securities are in denomina
tion of $1,000, dated March 15, 1903. Interest will be pay
able semi-annually at the American Trust & Savings Banks
of Chicago. Principal will mature on March 15 as follows :
$1,000 in each of the years 1907, 1910, 1913, 1914, 1916,1930,
and from 1933 to 1937, inclusive; $3,000 in each of the years
1918 and 1933.
Worcester, Mass.— B o n d s P r o p o s e d .—The Finance Com
mittee of the City Council has voted to recommend the issu
ance of $50,000 bonds for water pipe.

M IS C E L L A N E O U S ,

[V o l , L XX XV,

Wyandotte, Mich. - B u n d s D e f e a te d — This city recently
voted against the issuance of $50,000 sewer bonds This
proposition, we are advised, will come up again in the near
future.
Xenia (Ohio) School District,—Bond O fferin g —Proposals
will be received until 13 m„ May 8, by B, Schlesinger, Clerk
Board of Education, for $45,000 4* bonds. Securities are in
denomination of $500. Interest will be payab’e April 1 and
Oct, 1 in Xenia. Principal will mature as follows: $1,500
each six months from April 1 1913 to Oct, 1 1917, inclusive;
$3,000 each six months from April 1 1918 to Oot, 1 1933, in
clusive, and $3,000 on April 1 and also ori Oct. I in 1934.
Yazoo Mississippi Delta Levee District ( P. 0. Blarksdale). Miss.—B on d O ffe rin g .—We are advised by J. W, Cutrer, President of the Board of Levee Commissioners, that
he will entertain bids for the disposal at private sale of $234,000 i% bonds to refund certain outstanding bonds now subject
to call, Securities will be issued in denominations of not
more than $1 ,000, and will be dated as of the date of sale.
Interest will be payable semi-annually at place to be desig
nated by purchaser. Principal will mature 30 years after
date of issue,
Yonkers, N. Y.— B o n d s A u th o r iz e d .—The issuance of emer
gency bonds by this city is authorized by Chapter 149, Laws
of 1903.
York (Pa.) School District.—B o n d S a le .—On April 8 the
$60,000 3 % i 5-30-year (optional) bonds were awarded to
Dick Bros. & C o ,, Philadelphia, at 100’756— basis of about
a
3'835# if bonds are called at the optional date and 3'417s( if
allowed to run their full time. For description of bonds see
C h r o n ic l e March 39, p. 696.
Youngstown, Ohio.—Bonds D e fe a te d .—The election held
April 7 resulted against issuing $150,000 building bonds, ac
cording to the papers.
B o n d s N o t V o te d U p o n .—The question of issuing $35,000
bonds for a detention hospital for contagious cases (the issu
ance of which was recommended by the Board of Health)
was not voted upon at the recent election, as the resolution
to submit the same was lost in the City Council.
Ypsilanti, Mich.—B o n d s V o te d .—'This city has voted to
issue $30,000 bonds to buy land and buildings for new fac
tories.

M IS C E L L A N E O US.

HASKINS & SELLS,

M IS C E L L A N E O U S .
TH E

GRAND

P R IX .

Certified Public Accountants,

30 B RO AD S T ., NEW Y O R K .

T H E A U D IT C O M P A N Y
OF N E W Y O R K .

3 0 4 D e a rb o rn S t.,
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3 0 C o lem an S t.,
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W M . F R A N K L IN HALL,
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J. G. W H IT E & CO.,

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G. A. RYTHEB.Cash'r N at’l L ive Stock Bank, Chicago. 18,20.26, Nov. 21, 11, June 29, 1895;; Jan. 4, Feb. 22.
Jan. 8, 1898
J . R. Wa l s h , Pres. Chicago National Bank, Chicago. Sept. 18,1899, and 1898 ;12, F eb .2,1001.Jan. 14, 81, 28.
Feb.
Jan.
X.. A. WALTON, V.-Pres. Equitable Trust Co., Chicago.
Qu o t a t io n S u p p l e m e n t J an., March & No v„ 1003.
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ERNEST H. FOSTER, M.E.,

Unlisted Stocks and Bonds.

WHITING’S STANDARD

PAPEES.

They are th e only American papers which h are
ever received th is—th e highest honor th a t can be
conferred. It means th ey are th e m ost perfect
ooade. Insist on having them for your fine corres
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SEC UR E B A N K V A U L T S .

GENUINE
WELDED CHROME STEEL AND IEON
Round and F lat Bars and 5-Ply Plates and Angle
FOR SAFES, VAULTS, &C.
Cannot be Sawed, Cut or D rilled, and positively
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CHROM E STEEL W O RK S,
K ent A ve., Keap and H ooper Sts.,
SoleM an’f ’ers in th e U. S. B R O O K L Y N , N, Y ,

T R U S T C O M P A N IE S .

Metropolitan Trust Co.
Of th e City of New York.

3Y a n d 8 9 W a ll S tr e e t , N e w Y e r k .
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porations, and accept and execu te any legal trusts
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Braytonlves, President.

Beverly Chew, V.-Prea.
A let. S, Webb, Jr.. Secy
Bertram Onager, Asst. Sec,
Full text of Commercial and Financial Chronicle : April 19, 1902, Vol. 74, No. 1921

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