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. . . pimnrial rnnirk flmntfitta Supplement Violation nvestor^ Supplement (Quarterly) uUTcd acconlinjr to VOL. Act of Coiisresa, year 1903. lu the I)y RailwaySuppIement Street (Monf%) Stale and City Willc.vji H. O v va Companv, SATURDAY. AUGUST 77. in 1, Supplement ^enuAnnuaup the ollico of Lihrarinu of Coiiuto.ss. Washington, D. C. JNO. 1988. 1903. Week endmo July Clearings t^cmiAnnuaiij^ at— 1903. iiic. i/r 1902. 25. 1900. 1901. Dec PUBLISHED WEEKLY. Terms or One or Six ot Subscription —Payable Advance in Year Mouths $10 00 6 00 13 00 7 50 6>ub8criptiou (including postage) Subsi-ription Six Montlis (including postage) il Subscription in London (inclndiug postage) Moutlis Subscription in London (including postage) ;>f:iu iin : IX .£2 £1 14s. lis. Above subscription incltides— B/lSA akd Quotation Supplement street Bailway Supplement INVESTOKS' supplement STATE AND CITY SUPPLEMENT | 125.820.078 0,2s0 300 Boston Providence 2.384, 353 llarttord Ni'w Haven- 2.U.J0,66:j 180 1.342.794 1.449.292 608,764 1.. 580, Worcester Sliriiiiitield fortland Kail River Lowell New Bedford Holyoke Total New England, 552,878 463,535 403,323 142,925,160 —0-4 -K-3 —3-9 118,568.397 5,786,300 2,274.462 -I-33-9 l.i!73,214 — 13-8 +25-1 —22<i 1,298.297 1,379.134 1.147,725 733,410 525.151 474.822 403.778 —24 —0-1 274 94^ 99,482,793 4,975,500 1,948,804 1.138.167 1,051,001 985,557 845,098 500,633 475.411 322.874 269.913 142,876,92.j -I-0-03 133,6l7.8;i0 111.983,811 +20 147,519 140 16,991.550 13,515,816 10.034.006 5,745.999 4,190.996 3,032.050 2,424,933 1,985.13. 116.475,865 13,674,400 10,665,005 8,044,211 5,266,410 2,913,801 2,424,850 2,231.872 1.6o2,648 1,112,851 1.050,714 744,218 471,700 126,879,804 6,027,100 2,481.734 1,516,806 1.571 983 1.556,17b 1.138.727 786.251 +0-5 519,741i 350.771. | Terms ol Advertising — Per lucli Space ranslent matter per incli space (14 agate lines) {Two Months (8 times) Three Montlis (la times) Six Months (26 times) Twelve Mouths (62 times) Chicago $4 22 29 60 87 ., „ 20 00 00 00 00 Edwards Smith, 1 Drapers' Gardens, E. C, -wlU take subinplions and advertisements, and supply single copies ot the paper at Is. <fc tch. li«'II.L.IA]n DANA B. ont Office ol Detroit Milwaukee ... Indianapolis..., Columbus Grand Rapids.. Uayton Evansvlile Springfield. Pearl Street, NEW YUKR. CLEARING HOUSE RETURNS. Ill YoauKStown.., Kalamazoo Lexington Canton Rockford Springfield. O... Bloomington Quincy ., The following table, made up by telegraph, etc., indicates Uecatur. Mansfield lat the total bank clearings of all the clearing houses of the J.3cksonvllle ... 'nited States for the week ending to-day, August 1, have Jackson Ann Arbor Ben §2,007,720,041, against §2,071,469,533 last week and Total Mid. Western 2,243,422,798 the corresponding week last year. Cltaniuji, — lieturiis uy 1 elenraph. tiicaeo ;. Ix)uls..,. ew Orleans 5 days, ther cities, 5 days 5 days. ail cities, cities. Iday Total The all cities for week.. full details for iven next Saturday. —13-3 +1-0 -5-2 +1-9 +7-7 +9-0 $1,559,367,479 244.017,911 -9-7 -1-6 Kansas City $1,803,385,390 440 037.408 —8-6 —18-2 «2,007,720.G41 the P. Cent. §2.243.422,798 week covered by the above +06 —10-5 will be We cannot furnish them to-day, clear- igs being made up by the clearing houses at noon on Saturay, and hence in the above the last day of the week has to e in all cases estimated, as we go to press Friday night. We present below our usual detailed figures for the previous covering the returns for the period ending vtdth Saturay noon, July 25, and the results for the corresponding reek in 1902, 1901 and 1900 are also given. Contrasted with tie week of 1902 the total for the whole country shows a loss t 9-0 per cent. Outside of New York the increase over 1902 ^eek, I "3 *7 per cent. Citarings at Seattle 8aU Lake City... Portland Spokane Fargo Sioux Falls Tot^ Pacific. Minneapolis Omaha St. St. PauL Joseph. Denver Des Motnes Sioux City Topeka Davenport Wichita Colorado Springs... Fremont Total other West'rn St. Louis New Orleans Louisville Houston Galveston Richmond. Savannah. Memphis Atlanta Nashville Norfolk Worth Birmingham Week — Knoxville enditu) 1902. July Augusta 25. Little Rock. Inc. or 1901. Dec. 1900. Macon Chattanooga Beaumont ew Yort hlladflphla.. ittjibunrh altimore uHalo "ouington... -ter. >n -e iKton.... Barre-. 'oe - ... -:)Urg..... rie ranklin. Pa... Total Middle. 1.253.588, 630 1,516,.566.801 124,381, 686 109,,963,635 54.997,,358 48,,8O8,.590 22.275,.442 ao, 820.315 6,656, 963 4 .994.698 3,428. 391 3, 183,745 3.801.,558 3, 059,363 2.151,,8»8 2, 647,711 2,597,,289 1 ,952,874 1,911,,138 1 ,207.729 1,120,,530 953.202 1,201. 266 ,105.0.52 832, 496 620,834 630. 998 6f)0,200 446. 600 353,000 —17-3 1,251.520.071 +13-1 89.067,584 -I-12-7 +7-0 -I-34-1 -t-7-7 -(-24-3 —18-7 80,397,292 32,419.850 16,684.057 4.533.615 1.860.764 2.370,118 1,603.711 1,348,157 1,004,945 988,009 1.185,943 859.637 1,037,319 719,247 528,400 :«6.300 350.900 343,82' .383.498 +58-3 -i-17-5 -I-8-7 +34-2 -f-51 -f-26-5 11,481,013.20911.718.661.203 250,005 —13-8 1.417.343.423 775,836 699,410 470.140 338.263 545,153 343.863 275.168 325.748 256,393 211.601 179,750 191,548 63.266 242,670.321 26,753, 909 5.469,,751 4.103 .874 2,298. 48 2,775 .941 2,0GS, 920 Jacksonville Charleston Total Southern .. Total all Outside New York. 418.,411 425 .b85 288. ,562 46,451, ,981 19,068,956 11.290.201 7,100.415 5,754.508 4,394,098 4,1)50.344 1,882,419 1,156,794 1,135.74' 677,642 564.700 475,000 123,732 58,574,530 46.153.313 12.717.669 8,903.060 6,340,080 2,892,500 4,3,52,018 2,381.508 2,782.748 2,125.464 2,121.049 1,439.200 1,582,300 1,022.430 1,519.870 638,075 834,007 633,000 619,00 480.000 296.882 899.689 1.50,787,073 19,237,800 15,475,524 9,439,001 + 13-3 6,.5o9,133 +12-4 +34-3 +1-8 4,853,471 4,769,000 3,598,783 1.929.513 1,470,236 1,497,76a 1,127,132 717,800 7^3,935 585.833 510 338 476,624 360.775 ;^92,031 330,240 264,054 297.308 249.103 209,180 157,685 139,.56ti +19-4 +210 1,210.85-1,147, luh +8-9 —4-3 808.534 700.000 428.199 460,303 309.33 — 1-8 —7-9 +3i-4 +37*0 — 1-4 3.50,665 329,569 357,122 488,517 274,907 277,380 296,460 217,975 210,000 477,33'.) +49-2 +39-0 —1-8 +4-2 +9-4 2S3,438 339,609 284.369 204.030 217,4J& +28 +1-2 —13-9 95.000 173.303 +37 147.-262 2 70,000 131.481 138,000 51.270 232,253,620 +4 5 212.897.938 169,885,621 21,388.1.34 +25-1 4,512,305 3.354,536 3,595,070 2,203,607 1,368.900 -1-212 -1-223 20,970.772 2,738.410 248.011 228,098 10,620,761 1.880,324 3.918,129 1,014,273 1.542,388 914,080 1,045,767 660,232 211,622 135.297 34.l02,i&;i 28,042,874 19.850,854 9,785.270 13,040.956 9,100 980 6,117,632 4,823.353 -2.3,33.643 —301 3.059,980 1,725,000 +26-0 -j-51-1 +48-a -21-6 +7-0 397,656 234,113 +23-3 38,834.257 +19-0 1,207,7 1,246.14" 1,062.3 1 .533,51' +11 18,868,404 11,.507,605 6,433.200 5.815,114 3.y88,(i38 3,9t)3 557 1,741,129 1,298,751 1.015,302 715.18^ 537,600 500.000 —1-9 + 104 +10;; 34.93, 4.525.632 5.911.601 +2:i-4 3.610,:jOI +8-1 —11-0 1,354,032 +118 i,040,.y4!y 5,'. —10 -3-2 +1-3 —50 —01 123 90 36,528,709 41.980,244 12,002,07v; 8,802,33' 3,92:j 5'<9.22;; 3,722,63i> 3.462,538 l,l.-i2 135 809,969 944,278 769,470 532,490 824,003 639,yu9 543,546 604,993 165,519 54,992,054 37,071,672 7.h43 08 90.752 44,574.399 27.904.201 7,166.884 6,597,556 2,462.665 2,427,500 3,262,109 3,493,128 1,714.734 1,166,378 1,036,682 7.351,689 3.273.431 2,675.000 4,284.71H 1,903.880 2,182,875 1,339,485 370 2,093,500 3,743.201 2,293.693 2,014.202 1,672,120 1,4.59.20* 1.3-23,721 1,474.639 1,265.835 1,315,082 1.016,872 609,403 609.605 697.472 877,.52l 787.868 736,141 737,024 486,000 363,176 297,340 Not include 99.834,300 87,564,710 13,547,1.5" Halifax Ottawa. 4,503,489 1,638.59 1,969,275 19.459.292 13,363,204 3.229.942 1 ,354,886 1,992,477 1,711. 3H2 l,44:!.sfiS \ ancouverHamilton, 1,666.388 942.45' 1,200.023 873,311 502.194 1.019.122 797.711 .539.000 366.318 208,763 tal. 62,884. 7!liO 75,290.735 1.92S..395.052 +7- . 315.683.269 676,804,981 561,903,469 +10-7 17,3.53,962 14,034,4.'?9 +.39-1 10,051,416 1,860,468 1,750,000 8,996,148 2 145,:»9 1,456,106 1,453,853 1,258,833 687,025 809,537 955,197 678,916 920,728 759,152,623 21,538,948 466,737 729.748 332,370 296,857 2,071 ,469..533 2.27.5.719.424 Toronto Winnipeg 874,.324 .872,991 504.700 602.000 389.114 .523.000 817,880,903 1, 202,71.12 Canada— John London St. Victoria 897.799,841 — lb-9 +4-3 (Quebec 303.640 4-6-3 +2 1 62.480 Montreal -I-33-0 X^6 —3-1 435.988 52H, 040 387.400 -I-36-4 •501, 296 N'ot include d Into taL 244.*iy Not nclude d in to tal. 4-.;2. 753,773..500 38.807,168 21,088,583 5,130,040 1,983,473 2,539.321 1,717,693 2.303,501 1,778.708 1.630,507 1,078,381 701.700 666,121 1,8J8 180 Helena Fort 190a 'mton . Tacoma *1.6i7.612,718 360,107,923 ftltlmore Total $1,191,875,979 94,652.722 83.976,801 17,611,724 127,130,642 35.496.559 8.623.052 «1,407,594,807 240.017,911 Dston Uladelphia, Seven cities, 1902. 1. ew York. 11 San l<Yancisco Los Angeles 1903. §1,033,776,871 95.183.151 84,814,170 16.696,783 129,500,538 88,222,725 9.400,569 Week Endino AuyuU 159,878,704 21,800,500 10,456,171 9.637.660 7.382,175 U.522.644 4.853.500 3.0tf8.904 Akion COJTIPANY, Publishers, Fine Street, Corner Box 968. Cleveland Toledo Peoria LONDON AGENTS: Messrs. Cincinnati Total Canada.... 50,093,195 834,-.ill 643,610 594..546 —01 +5-4 -1-2 +18-6 —63-a - -18-2 -40-5 --35 —15 45452.8691 +10-9 616.88<) 53'3V2i7 35,841,974 29,720,110 THE OHBONICLE. 222 prices of a year or THE FINANCIAL SITUATION. A [Vol. L3LXVII. more ago to the abnormally low prices of to-day. week ago yesterday might almost be numbered And It Is very desirable to understand this situation becould only be entitled to that eminence because of the fearful cause we are inclined to the opinion that a great deal slaughter of securities that took place. In the matter too much has been made of "the undigested securiof failures it is to be distinguished more by their ties" idea as the dominant factor in the great decline absence than by their presence. To be sure there which has taken place In stocks. If that had been were three reported ; but all of them promise to re- the ruling power enforcing this collapse, we ought to sume payment shortly, and the outlook is that they have found evidences of the discomforture strewn The year consequently con- along the way as we neared the low level of recovery. will moat likely do so. among tinues the black Fridays. still yet it to be distinguished for its preyious record — a period of minimum disasters attended by a maximum of losses. In this particular the experience stands alone ; it Is the only one of its kind a fact which should always be kept in mind in attempting to interpret the incidents and the varying develop — ments of which it has been made On the contrary, are not those securities to-day,which we were told the rich syndicates held In such large numbers, — undigested held jast where they were when the battle opened, or are they not somewhat of a fiction? They certainly have left no fragmentary debris fixing their source and Identity as a material still the little We had almost forgotten Mexican road which had much to do with factor In this liquidation. up. This situation and the large appearance of the best class of securities among the sales during recent weeks were Interpreted a short time ago as being evi dence that the richest syndicates were protectiog their burdens of undigested securities by turning their oldest boxes upside down. This was particularly applied as an explanation of the appearance of New York Central and a few other stocks of a like charWe refer to this thought again acter on the market. one of the failures last week. It scarcely, however, comes up to the standard of the big syndicate idea. Some may call the stock issue of the Pennsylvania Riilroad a clear specimen of a security to be digested. If It can rightly be brought within the list, it was certainly widely distributed and most thoroughly digested, being absorbed by Its vast body of stockholders; yes, and actually assimilated with that body. because recent evidence goes to show that the best securities on the market during the bear raids have not been nearly as numerous as was widely assumed, and whatever of them there were, their presence can be otherwise accounted for. The total sales at such a time, as already indicated, can furnish no guide to the volume of liquidations, because the resources of the But passing this thought, no one ought to expect that Stock Exchange affairs are even yet wholly restored to normal health and vigor, or to act as if they were. was nothing If there else against restoration, past operations have left outside a lively body, a large They The run short Interest uncovered to be reckoned with. are an alert party, big with past victories. cunning and in money are far greater of events this week Indicates about how they will act bear clique in than ever before, and their only purpose at such a for some time to come. They will be able to keep the time Is to make it appear that liquidations are heavy. market in a state of unrest. If they can discover To aid that effort their stock-borrowing power and weakness anywhere they will gun for it, and the trial The past ought to be god notice to their ways and means for imparting rapidity in action will be severe. to washed sales can bear no comparison with former any individual, firm or corporation so situated, so far not to trust to luck, but to get their All the evidence now transpiring goes to show also affairs into the most conservative shape possible, for that during this raid there has been but a small amount things will not have reached a safe posture for venof the better class of stocks dislodged; the supply ran turesome trading for some time to come yet. Neither will It do this season to pat one's dependshort as soon as bad-rock was touched and buying commenced. The wide declines were possible because of the ence largely upon favorable developments. For illusfact that through the speculative advances from one tration, a satisfactory circumstance this week has been cause and another good properties as well as poor had easier rates for time money that is encouraging so similar epochs. as such exist, — been given fictitious values; we mean by flctltiouB values, Stock Exchange prices which netted so little return to the Investor that he did not care for more of them. Then again, there was, no doubt, a good amount of all these investment properties dis posed of early at the top prices by those who had loDg held them. Of course, a large number of Investors pay little attention to advances or declines in the values of their holdings, for they never sell. There is another considerable class who let the public have what it becomes so strenuous for. Finally alike these sales, aud the prevalent Indisposition, among those who buy stocks to keep, to take even the best at the then ruilug rates, left an amount dislodged and afldat or temporarily held In weak hands to meet the wants of speculators for a decline. These, and the superior dexterity and unlimited command of capital the bears possess in this new era, were the available resources with which the operators for a decline have been cutting a way through from the abnormally high and if one could be certain that the Panama Canal and several other "Ifs" would concur in keeping the money supply well up to the requirements, and there were no other drains to provide against, a broker with good collateral could look to the call loan branch of the market for his supply But is of funds until next February without anxiety. long as it lasts; — — there any reasonable assurance that all these ''ifs" work together for the benefit of the improvident man? Or suppose they should how about the cropmovement needs and the fresh takings of currency Again, for general business the next five months? cheering reports came this week of rains in Kansas where hot winds were the complaint a week ago, and elsewhere In the West where rains were also greatly needed. That appears to be a blessing indeed. If the statements prove to be true and the rains prove for the time being sufficient, there Is no announcement which might be made that would tend at the moment more decidedly towards an Increase of will — AUGUST THE CHRONICLE. 1, 1903.] confidence. Bat while feeling heartily thankful for the encouragement they afford, is it not the wish of eyery conservative man that the enterprising, ven turesome spirit rest a while longer at least until the — crops (which even after the rains are so backward) are assured; or better still wait until they have been made and gathered? This is not a time for individuals or corporations to assume or put out new obligations. the business of the country grows despite the lack of a really adethrives and quate and rational currency system. It is also plain It is only too plain that that Government issues, which fluctuate in volume according to the price of Government bonds, cannot have the quality of elasticity; nor is it helpful to issue new bank circulation based upon bonds which are so and high-priced as to practically forbid the issue, while at the same time the loaning power of the banks Is reduced If the issues are made. Some other basis must be found for a circulation which shall autoscarce its own volume. Under these circumstances nothing matically regulate is more de- than wide discussion. We have received this week a long and interesting paper prepared and read by Mr. E 0. Graves, Vice-President of the Washington National Bank of Seattle. He advocates an ''asset" or "credit" currency, the notes being based on the credit of the issuing bank. To insure safety and prevent over issues, he would have a guaranty fund made up by a tax on each bank according to circulation, and he does not think it right or necessary to make notes a first lien on assets; nor does he favor a tax so heavy that notes would be Issued only in times of emergency. The doctrine that banks should be allowed to issue notes only on deposit of securities for greater or equal value he considers without foundation in principle and wasteful and injurious, one "widely entertained simply because we have been accustomed to it all our lives." No doubt Mr. Graves is correct in his assumption that a system of notes based on bonds as security is wasteful and Injurious and finds its chief support in the circumstance that our people have become accustomed to it. There is another point, though, which has greatly helped in getting the idea so deeply rooted and held with so great tenacity; it is the result in point of security, uniformity of value, and extremely small net losses, during the long period the system has been in use, that inclines so large a portion of the sirable 223 Investors' Supplement, he will see how perfectly it fits in as a part of the Chicago & Eastern Illinois system. Close relations likewise have always been maintained between the two. As a matter of fact, the road appears absolutely Indispensable to the Eastern IlliRunning from Terre Haute to Evansville, it nois. gives the Eastern Illinois a very desirable outlet to Evansville from Chicago, and in connection with the Louisville & Nashville also furnishes a very direct line from Chicago to Nashville, and thence to the South and Southeast. Each new owner of the Evansville & Terre Haute speculated on this need of the Eastern Illinois for the road, and thought that Eastern Illinois interests could be induced to take it off his hands at some fancy figure. But the Eastern Illinois people bided their time and now get control at their own price. The length of road embraced in the Evansville & Terre Haute is only a little over 300 miles, this including Indianapolis, which forms a the Evansville & duplicate but roundabout line between Evansville and Terre Haute. The stock is $3,987,383 common and $1,283,417 preferred, the latter having no voting power. Eastern Illinois interests already held a large amount of the stock, but not enough to give them The purchase from Edwin S. Hooley & Co. control. comprised 10,000 $50 shares and places the new The price paid was interests in absolute control. 57^, so the amount involved in the purchase was only $287,600. We are Informed that, averaged with the previous holdings, the entire block of stock now held stands at a cost of 52@56, which must be regarded as a low figure. An important event of the week has been the action of the Mexican Government in issuing a decree allowing the railroads In Mexico to raise their rates so as to It offset in part the decline in the price of silver. be recalled that Mexico is now engaged in an effort having for Its object the placing of the Mexican silver dollar on a stable basis of value at 50 cents. The Uoited States is lending its good offices to promote the stability of value of silver currency in all the silverwill using countries, and a commission is now traveling through Europe for that purpose. Pending the carrying out of arrangements for maintaining the Mexican dollar at 50 cents in gold, a petition was some time ago presented to the Mexican Government, supported by all the railway lines in the country (to public to object to any change in the particular which reference is made by President Raonl in the referred to. The subject of an elastic currency, how late annual report of the National Railroad of Mexico), ever. Is a vital one, and should be kept in agitation asking for authority to establish a sliding scale of until the correct solution is reached. transportation rates which shall automatically cover the fluctuations in the price of silver, and in a measThe purchase of the Evansville & Terre Haute RR. ure protect the companies pending the inauguration by the Rock Island-St. Louis & San Francisco interests, of some broad and permanent basis for the country's which comes as the aftermath to the failure of Edwin monetary system. The response to this request Is S. Hooley & Co., seems a logical and a natural move. evidently contained in the decree just promulgated If the property was to go to any company, the St. by President Diaz, authorizing the Mexican roads for Louis & San Francisco, now that it controls the Chi- the remainder of the present year to make a flfteencago & Eastern Illinois, seems the one system ration per-cent increase in their tariffs, with the exception ally entitled to it. Indeed it has been one of of the rates on corn, wheat, cotton, firewood, charthe anomalies in the railroad world that this little coal, coal, and all articles of export. This permission road, occupying a position of such decided strategic will mean much to the Mexican roads, as it will at Importance, should have maintained its independence once allow of the raising of rates on a conso long. That its importance was recognized is evi- siderable portion of the traffic of the roads to dent from the repeated changes in control that a higher basis. When rates shall once permahave occurred in It during the last few years. If nently be placed on a fifty-cent basis for the any one will look at the map of the road given in our Mexican dollar, the future of the roads will be THE OHBONICLE. 224 [Vol. LXXVII. while the sapi>lie8 they use maat in great part be paid for In gold and their IntereBt charges wholly in gold. Traffic and gross revenues have been expanding fast enough, but net results have grown poorer through the con- calling of tinned depreciation in sliver and the consequent loss In exchange. With rates adjusted to a 60-cent basis, further loss in that way would be avoided. hensions of additional failures of stock speculators. The absence of serious trouble of this character, and the more liberal offerings of money by trust compa- assared. Tbelr reveaues are la BllYdr, August settlements. Banks and trust companies quote 2 per cent as the minimum. Time loans on good mixed Stock Exchange collateral were quoted on Monday at 6 per cent for all periods, reflecting the unsettled feeling due to appreloans preparatory to and other lenders, brought about a reduction in rates, and by Friday there was a fall to 4 per cent nies in official rates of discount by There was no change any of the European banks this week; unofficial or for sixty to ninety days, 4i per cent for four to five open-market rates were a shade firmer at the Gontl- and 5i(^6^ per cent for six months; not much business nenfal centres. The failure of the statement of the was reported, however. Commercial paper was firm New Yoik Associated B^nks last week to reflect in the throughout the week, with a light demand, and a loan account the liquidation in the stock market dur- fairly large supply of acceptable notes. Kates were ing the week was disappointing, and no satisfactory 6f per cent for 60 to 90 day endorsed bills receivable, explanation was given for the increase of 1884,200 H@6 per cent for prime and 6^6^ per cent for good One important change, four to six months' single names. loans shown by the return. however, was the redaction in the excess of loans over The Bank of England minimum rate of discount deposits from $11,807,400 in the previous week to remains unchanged at 3 per cent. The cable reports $5,622,900; this change was effected through an indiscounts of sixty to ninety day bank bills in London The cash reserve was in in deposits. crease per cent. The open market rate at Paris is creased last week by $7,429,100, which sum was ^<^H per cent and at Berlin and Frankgreater than that which was estimated. The refort it is 3^ per cent. Accordlog to our special quired reserve was augmented, through a gain cable from London the Bank of England in deposits, by $1,925,400, and of $7,168,700 Inst £497,420 bullion during the week and held deducting this sum from the increase in cash there £36,058,271 at the close of the week. Our correremained $5,636,925 as the gain in surplus reserve, spondent further advises na that the loss was due to which item now stands at $18,915,400. Calculated exports of £100,000, the destination of which was not upon the basis of deposits, less those of $37,267,100 made public, and to shipments of £397,000 net to the public funds, the surplus Is $28,229,676. The bank interior of Great Britain. statement of this week should reflect the transfer hither from San Francisco of $1,460,000, part of a conThere have been comparatively few features of insignment of $1,600,000 Australian gold which arrived terest in the foreign exchange market this week. at that port on Tuesday; the payment by the Sub- There was an easier tone on Monday, compared with Treasury of $1,448,000 for Assay Office checks repre- the close on Friday, but there came a prompt recovsenting Klondike gold deposited at Seattle, Wash.; ery on the following day, especially for short and and the withdrawal from the banks of $500,000 gold cables, the rise in the former being influenced by a for shipment to Toronto. On Friday the Assistant demand to remit for stocks sold for European acTreasurer at New York was creditor at the Clearing count, and cables being affected by an inquiry inciHouse $1,764,143, chiefly because of the payment to dent to the semi-monthly settlement on the London the Treasury, through the banks, of the Central Pacific Stock Exchange. There were some offerings of loan note due July 31 for $2,940,635 and Interest. It bills, which were drawn in expectation of covering at was announced early in the week that the steamship a profit by the time they would mature, bat few Sierra left Sydney, N. S. W., July 27 with $2,600,000 finance bills were noticed, the demand for these havgold for San Francisco. ing at least temporarily subsided. After Wednesday The exchanges of refundable bonds for the 2 per drafts against purchases of securities bought for cent consols were suspended on July 31, under the European account caused a slight decline In sight, ^®H recent order of the Secretary of the Treasury, but bonds which were mailed for transmission on that date will be accepted. of business on July 30, gan on April 1, while the lighter inquiry for cables made the tone for Compared with the this class of exchange easier. The exchangei up to the close rates at the beginning of the week, however, there since refunding operations be- wss on Thursday only a slight fall in long and no amounted alteration either in short or in to $80,666,360. cables. On Friday loaned at the Scock Exchange during the week at 3 per cent and at 1 per cent, averaging 2 per cent. On Monday loans were at 3 per cent and at 1^ per cent, with the bulk of the business at 2f per cent. On on offerings of bills against Union Pacific notes which had been sold abroad. Bankers reported very few offerings of grain bills and scarcely Continental .exchange any drawn against cotton. within a narrow range. The Assay Office fiactuated paid $699,661 29 for domestic bullion. Gold received Tuesday transactions were at the the market Money on call, representing backers' at 2 per cent cent, with the majority at If per cent. balances, and at 1 per On Wednes fell off Custom House during the week, $17,106. Nominal quotations for sterling exchange are 4 84^ Rates (^4 86 for sixty day and 4 87 for sight. day and on Thursday loans were at 2 per cent and at 1^ per cent, with the bulk of the business at If per lor actual business opened on Monday 20 points lower cent. On Friday transE»ctlons were at 3 per cent and for long, compared with the close on Friday of last at 1| per cent, with the majority at 2 per cent. The week, at 4 8365(^4 8376; short was off 16 points, at eaaler tone after Monday was chiefly due to the pres 4 8690@4 86, and cables 5 points, at 4 8630@4 8640; aareof offerings of money, which was released through the tone was heavy. On Tuesday long fell 15 points, the payment of the remainder of the Pennsylvania to 4 8360@4 8366, influenced by offerings of loan bills, The rise to 3 per cent on Friday was caused by but short rose 10 points, to 4 86@4 8610, and cables 6 loan. . August 1, THE CHRONICLE. 1903.] 8636@4 8645, responding to a good de mand. On Wednesday long recovered 10 points, to 4 836r@4 8375; short and cables were unchanged, and points, to 4 On ThursJay the market was the tone was firm. easier, and long fell 10 points, to 4 8360@4 8365,8hort 10 points, to 4 859C@4 86, and cables 6 points, to The tone was steady at the close on 4 8630@4 8640. 225 to review again the reason for expecting such this fall. The interior bai^ks demand" always "harvest have credits at past few years, they call New them home demands arises. If York, as in the in early autumn. they have no credits, as was apt to be true before In either case 1899, they borrow for autumn needs. in the form of currenovj they take out their deposits If needed for wage payments In the harvest 8675@4 8590 on liberal offer- country, or for replenishment of interior banks which The ou flow from ings of bills asiainst Union Pacific notes which had are lending freely to the farmers. Eckst usually begins at or around the opening of been sold to Earopeansby the bankers who negotiattd the September, varying chU fly with the early or late mathem. The following shows dally posted rates for exchange turity of the crops. It is reviewed only to show by some of the leading drawers. All this is an old story. DAILY P08TKD BATKS FOR FOREIGN EXCHANOB. what the actual drain on the banks will be this year, MoN„ TVMH.. W«D.. THUB. Pki.. rsi. and incidentally to illustrate why the call money rate July 24. July 27. July »>. July 29. lUly 80 July 31. As a matter Is no accurate measure of the situation. 84^ 84H 84H 84H 4MH Friday, though during short of 15 points, to 4 the day there was a B^wxiBro. |§0/^*/« 4 b7 87 67 BarlDd. J 80 (1»7» SiKht. eo days 9i«ht. 60 daT* Staht.. 80 dajR Slsbt. 00 days Slvht 486 S4H 8»« 4b7X 496 87 S6 67 86 4»-7^ 67« 87« 4(5 4 67X 48S 4 87H 485 86 86 87 86 87 86 87H 87H 67« 87« 80 E6 87H 87Hi ?7^ f;^ 85 87 85 87 65 h7 86 67 65 87 86 87 li^ 84^ i?^ 64« 87 fall in» 67 86 87 MmoodACo.. Bank British No. Amenoa.. Bank of ) Montreal Canadian Bank of Commerce. . Heldelbaoh, lok•Ikelmer A Co. < ) i 4 87 4 L»if<lFTere...j»0/WB 6S 67 87 87 84 87 66 67 66 37 65 ^ 84h, 8/ 84 H 87 84 H 87 which Is of fact, that rate Is always a more or less misleading index at this period, and for well known reasons. One year ago this week, money could hardly be placed on call at 3 per cenf; yet conditions which resulted in a really stringent antumn money market were already The reason for the seeming anomaly then present. 84H was that Eastern banks, knowing that large interior demands would arise by the end of August, endeavored 4 87 of Canada The mavkei cloaed at 4 8350^4 8365 for long, to place as much as possible of their funds on call, short and 4 8620@4 8630 foj where they could get them back at a moment's notice. 4 8675@4 8590 for cables. Commercial on banks 4 8315@4 8325 and Supply of call money in advance of the crop rr quiredocuments for payment 4 82^@4 83f Cotton for ments was therefore unusually abundant. This has payment 4 82^@4 82f, cotton for acceptance 4 8315 been equally true in the present year, with the added Icfluecce of a greatly decreased demand for such ^4 8325 and grain for payment 4 83^(^4 83f. loans from the Stock Exchange. That la the situaThe following gives the week's movement of money tion which has found expression in this week's occato and from the interior by the Npw York banks. sional one per cent rate for call money. Received by SMvved yd Ir.terior Weth ending July 81, 1903. It should be observed, however, that this very reN.T.Banks. y. Y. Banks. Movement. duction in Stock Exchange demands is one favorable Currency $7.f 33,000 $1,817,001 Gain. »6,021,000 Merohanta' Bk *b7 486 60 dara SlRht.. 8*5 "-7 87 S5 H7 lyy Gold. 00 474.000 Gain. 720,000 t9,0S2,000 $2,291,000 Gain. 6.~41,000 1.194.' Total gold and legal tenders. Result with Sab Treasury operations Wuk ending July Net Change in Bank Banks. Banks interior movement, as above »9,052.00(' $2,891,000 Sub- Treasury o perat ions 8I,4C0,000 19,300,000 $30,432,000 $21,591,' 00 Total gold and legal tenders. The following table indicates the in the principal European backs. Holdings. Gain. $«,741,000 Gain. 2,100,000 I Gain. amount 8,^41,000 of bullion It does not, of course, autumn money market; when the outside autumn necessarily portend an easy bat : Out of Into Banks. 31, 1903. influence for the future. it does guarantee that demands appear, Stock Exchange houses found, as they were last year, will not be competing anxiously In 1883, a year in many with outside borrowers. respects resembling the present year, similar Stock Exchange liquidation so far prepared the market for a strain that, dariog the closing half of that troubled twelvemonth, call money did not rise in New York above 4 per cent, and repeatedly fell below 2 per cent. Bank of Gold. Silver. Jotal. ooia. Siller. lotal. An equally Important part of the process of £ £ £ £ £ preparation for autumn money market needs is found 36.058.271 37,P24, 266 England 36.058,27 37,924,266 The position there, as in the foreign exchanges. 1(2,468,410 45,' 24,636 147,492,946 103,»-3 ,888 44,8=0,6 -4 148,512.612 France 35,54'<,' 00 12,490,100 48,038,0111 Germany 37,269,,0(0 18,7-5,000 51,C 54,000 everyone knows, has been anomalous dnricg the past 81,314,000 ,978,' Russia 90.3^2,000 74,v:99,,000 6,880,000 83,179,000 Ans.-Hnng'y. 45,S58,0i,0 13,069.000 58.424,000 44,08k,,00i' 12,67 6,000 66,755,000 two years. In previous years import of gold in sub14,584.0VO 20,46^,000 35,' 62,C0G 14,195,,0'0 l»,5«9,000 33,794.000 Spain stantial quantities had been expected in the autumn 18,988,000 2,-!15,200 21,303,20(1 16,196,,00(1 2,041,40c 16,23-,400 Italy 3,K40,400 6,520,400 10,460,800 Netherlands 4.849,,5.( 6,716,100 11,5C5.600 When currency as a matter of ordinary routine. Nat. Beig m. 2,940,e67 1,170,3S3 4,411,000 4.6ri.O00 3,074, 1,537,338 flowed from the Eist to the interior, gold flowed in Tot.thl» week <a,2!9,74S 110.3324r9 451,592,217 335,?19,S21 luilU4'i7 446,63 ,778 Tot. prey, w'k ;«8,4r<4,124 1097671 10 448.261,2^4 337,194.'B1 I106i«980' 447,844.2 14 from Earope to our Eastern banks. Tnis automatic proof S3 was facilitated by our somewhat higher rates FOREIGN RELIEF 10 for money in the fall, and by the seasonably heavy f xport of our grain. UR Daring 1901 and 1902 both of MARKEr. Recent events In the markets have led observant these iLfluences existed, but were offset by counter people to turn their eyes more hopefully than has iLfluecces notably remittance of large sums to pay lately been the case toward Earope, with a view to ofl maturing loans In Europe. As a consequence of relief of such itrain as may hereafter arise In the this overmastering factor, sterling rose instead of fallmoney situation here. Such a strain, it la hardly ing, and we exported gold in the autumn months necessary to observe, will come, If it comes at all. In when we normally should have imported it. connection with the harvest demand for money and There are two reasons for believing that in the comthe requirements of the autumn trade. Money will ing autumn this adverse Influence will not operate. be needed for both these uses and will be withdrawn One is, that the past spring season was laj-gely occufrom New York City. It should hardly be necessary pied with paying off what remained of our maturing July JxUv 80, 1908. 31, 1902. j , - f . ,86-. EXCHANGE AND MONE Y — THE CHRONICLE 226 There cannot possibly be any sucb Yolnme of maturities this coming season as In the autumn of 1901 and 1902. It is true that our rail ways have lately borrowed substantial sums on Europe's markets. Bat these loans, although of foreign debt. sum course they again increase the foreign debt, are placed as turities a year They have now. or year a therefore a our floating rule with maof and a not only half from established a fund on which our market may draw, but have so guarded the credits thus created that they are not even subject to the sudden liquidation possible in the case of credits obtained by sale of securities to Europe. These loans ought, therefore, to facilitate very largely a movement of gold from Barope to these ports when credit The three or four millions gold already received or on the way from Aostralia to harvest wltodrawals begin. country may be regarded as the first fruits of such a movement. The effect of gold ordered by EDglish bankers from Sydney to San Francisco, whence it la forwarded by the Tre'»sury*8 exchange to New York City, Is of course the same as a shipment this direct from London to New York. goods, Jane exports of the one having de- creased $1,160,000 from 1902 and of the other $476, But cereal exports promise well; the wheat crop 000. indicates a large surplus for than that, new high records have been established. Fall proof is furnished in the telegraphic abstracts sent this week from Albany. The expansion in the business of these institutions follows both from the multiplication of the number of the institutions, with the resulting increase in capital, and from the extension of the business of the *old institutions. Thus the total of capital for June 30 1903 is given as $62,650,000, agaiosr, $60,675,000 January 1 1903 and $63,226,000 a year ago on Jane 30 1902. One might have expected some shrinkage the last six months in the aggregate of surplus or of undivided profits, owing to the fact that the trust companies hold large stocic and bond investments which must have depreciated considerably in valae. What we find Is a trifling decrease compared with January 1 in the undivided prt fits, but a further large Increase in surplns. The undivided profits are given as $47,351,206 Jane 30 1903, against $47,546,278 January 1; Jane 30 last year the amount was $42,888,463. Surplus is reported as $94,336,497 Jane 30 1903 against 82,649,877 January 1 1903 and $70,887,185 June 30 whether the slight lowering of undivided profits is due to an allowance for depreciation in the value of securities held or whether it follows from a transfer of part of the undivided profits to surplus account, which, as has been seen, has risen in such a noteworthy way. The creation of new institutions would, of course, add directly to surplus, as these usually start with a surplus paid in 1902. Back of all these Influences stands the question of our export trade. la the main the outlook there is favorable. The cotton situation Is of course against us as regards both the raw material and the fialshed export, and all advices [Vol. LXXVII. It is impossible to say as well as the capital paid up. go to show that Europe will need such surplus as we Capital and surplus constitute the facilities procan spare. Despite the uncertainty over the coming vided for doing business. The deposits furnish a crop of corn, we are now exporting of that cereal measure of the success attained in securing business. $2,800,000 more per month than we did a year ago. The State Superintendent of Banks, beginning last The help which will normally be derived from a free December, has required more details regarding the sale of our products on the foreign markets can be deposits, calling for the amounts due trust companies, obstructed only by such unfortunate Interfarence the amounts due savings banks and the amounts due with the country's commerce as has occurred In the banks and bankers as separate items. In addition to case of cotton. (he so-called "general deposits" and *' deposifs In The way to safety, this year more than In any re- trust.'' Combining all these items on the assumption cent period, lies through reasonable prices in our that they were all previously included under the two staple markets. People who may have in mind the general heads, the grand aggregate of deposits June establishment through speculation of artificially high 30 1903 stands at over 900 million dollars— $914,prices in our products may profitably keep in mli d 769,869. Six months ago the amount was $823,797,the fact that at times when the situation is really 867, and six years prior thereto it was but little more menaced by experiments of the sort, those who in- than one-third toe present figure; that Is, the total ran dulge in them are apt to Invoke a more than usually only a little above 300 million dollars. A record of the severe penalty on their own heads. growth from year to year in the deposits is furnished the followins:. AOOSEOATB DEPOSITS OF THE NEW YORK STATE TRUST COMPANIES. io CONTINUED GROWTH OF NEW YORK TRUST COMPANIES. 1903 $914,76'J,869 Jan. 1, 190J 823,797,857 Jan 1902 1902 1901 1900 1899 1898 Mi7,001,t)89 Jan. Jan. Jan. Jan. 1,1892 Jan. 1, 1891 July July 1, 1, 1, 1. 1, 1, 1, Jan- 1, 1897 1, 1, 1, 1, 1896 189o 1894 1893 $303.3.'54.637 30 ,331,893 2-5,7*1.794 2(i6,092,955 Nothing seems to check the growth and develop- Jan. 792,931,724 264.29?),048 63«, 121,771 Jan. 523.541, fS70 ment of the trust companies In this State. Clearing Jan. 234,4«6,697 211,320,275 467.18*,258 Jan. House regulations requiring larger cash reserves Jan. 383,328,725 (with which some companies have complied and To see the full muasare, however, of the growth others have not, preferring to give up their Clearing established, total resources capital, surplus, profits House privileges), depression on the Stock Exchange, and deposits— famish the best guide. We remember loss of confidence in the fioanclal world, and great distinctly noting when aggregate resources for the first — — neither This was but one nor all of these has time touched the 500-mllllon mark. served to check the advancement of this claes of five years ago, namely July 1 1898. To-day the total Some contraction in the totals Is over 1,146 million dollars, the addition during the financial institutions. appeared at the time of the statements for the Ist of last six months alone having been over 106 million .January, but in reviewing the figures we pointed out dollars, as may be seen by the following. shrinkage in values that a decrease the last six months of the calendar year had been a characteristic of the returns for some time, and tbat if past experience was a guide, the loss then sustained would be fully recovered the first half of 1903. This is precisely what has happened. More AOOREOATB BBBOTTBOEB OF THE TRUST COMPAKIES OF July Jan. July Jan. Jan. Jan. Jan. Jan. 1903 1903 1902 1902 1,1901 1, 1900 1, 1899 1, 1898 1, 1, 1, 1, *l,146,370,75S 1,039,9 =>H. 625 1,078,212.685 969,393.644 797,983 513 e7'.i,lH0.672 579,205,442 483,739,926 Jan. 1, Jan. 1, Jan. 1. Jan. 1, Jan. 1, Jan. 1. Jan. 1, 1897 1896 1895 1894 1893 1892 1891 N. T. STATB. $396,742,948 892,630,046 365,419,72f 341,466,011 335,707,780 800,7«5.675 280,688,769 — August THE CHRONICLE. 1, 1903.] With such a marvelous expansion In resources, there has naturally been a corresponding increase in the yarlous classes of inyestments. Loans on collateral, Trust, the Continental Trust, the & Trust, dollars, and comparing with only January 1 1898. A better idea of the $230,681,708 on magnitude of these figures will be obtained when we say that the combined loans of all the 'New York City Clearing House institutions about the same date were only one-half June 37 July Jan. July 1, 1, 1. 1, 1, 1, 1. Jan. Jan. Jan. Jan. Jan. 1, larger, being reported $913,746,900 1903. LOANS ON COLLATERAL $626,€94,832 1803 554,961,229 1903 603.436.621 1902 540.208.706 1902 387,911,415 ISOl 328.143,588 1900 283,402,822 1899 230,581,708 1898 BT TRV8T COVPANIEi. Jan. Jan. Jan. Jan. Jan. Jan. Jan. The "stock Investments" 1, 1, 1, 1, 1, 1, 1, 1897 1896 1895 1894 1893 1892 1891 of the trust $169,894,938 169,161.348 148.953,820 147."794,024 196.321.422 173,552.829 166,685,758 companies the amounts at the last three have grown semi-annual dates having been, respectively, 230, 219 and 213 million dollars. The Banking Department seems to have called for the book value of the investments this time, whereas last December the Items were put in the balance sheet at their market value. This necessarily affects the comparison. Again, book values being required, any depreciation in market values below the book value does not appear in the figures ; the practice In that case on the part of most companies appears to have been to add the amount of less rapidly, July 1, Jan. 1, July 1, 1, 1, 1, 1, 1803 1903 1902 1902 1901 1900 1899 Jan. Jan. Jan. Jan. Jan. 1,1898 STOCK INVESTMENTS OP TRUST COMPANIES. $101,983,600 $230,698,396 Jan. 1, 1897 104,512.839 219,378.946 Jan. 1, 1896 97,555,798 318.806.131 Jan. 1, 1895 65,998,230 190,822,966 Jan. 1, 1894 1893 1892 1891 29,369,703 22,791,215 22,636,957 19,698,925 17,210,145 9,755,643 the Security Metropolitan detailed statements the trust companies Brooklyn, given In the Chrokiclb of last week (pages 200 to 206), it will be seen that the Union Trust Company, which was the first to withdraw, holds an amount of cash fully equal to the Clearing House reSome of the largest of the trust qnirement. did not have membership In the Clearing companies House, the list of these being made up of the Farmers' Loan & Trust, the United States Trust, the New York Life Insurance & Trust, the Central Trust, the Bowling Qreen Trust, the Guaranty Trust, the Merchants' Trust, the North American Trust and the Realty Trust. Some of these have practically no cash on hand, and need none, since they have no active accounts, this applying with particular force to companies like the Farmera' Loan & Trust, the United States Trust, &c. CASH ON HAND AND ON DEPOSIT BT N. T. STATE COMPANIES. July Jan. July Jan. Jan. Jan. Jan. Jan. New York 1, 1, 1, 1, 1, 1, 1, 1, 1903 1903 1902 1902 1901 1900 1899 1898 of City and $147,097,315 138,659,88 128.978,387 121,045,797 108,702,416 81,366.288 71,734.621 55,034,451 JaiL 1, 1897 Jan. 1, 1896 Jan. I, 1895 Jan. 1, 1894 Jan. 1, 1893 Jan. 1, 1892 Jan. 1, 1891 $54,642,344 50,804,137 61,206,708 74,365,761 35,083,016 33,932,847 26,564,978 OUB LARGE IRON PRODUCTION, pig-iron statist! cs for the rent calendar year, which Mr. American Iron & first half of the cur- James M. Swank of the Steel Association, with his usual promptitude, made public last Saturday, furnish tes- 57,185,649 51,132,239 47,180,478 Jan. 1, 1896 Jan. 1, 1895 Jan. 1, 1894 Jan. 1, 1893 Jan. 1,1892 Jan. 1, 1891 196,852,582 168,196,642 136,561,066 113,525,798 New York Morton Trust, the Trast Company America and the Fifth Avenue Trust. Prom The depreciation to the total of other liabilities. the Mercantile Trust, the Trust, always a favorite form of investment with the trust of companies, on June 30 1903 reached the large figure the of 1626,694,832, an Increase for the six months of of nearly 72 million 227 Jan. Jan. Jan. timony anew to the marvelous development of the iron and steel industries in this country. The monthly reports of the " Iron Age " of this city had kept the The changes in the holdings of real estate bonds public pretty well Informed as to the continued Inand mortgages and in the loans on personal security crease in output. Nevertheless, now that we have do not call for special comment. As In the case of Mr. Swank's figures for the whole six months, they the other items, the tendency is upward. seem surprising in their magnitude. HOLDINOS OF BONDS AND MORTOAOES. Mr. Swank reports the make of iron for the six July 1, 1903 $28,692,428 $55,370,426 Jan. 1, 1897 Jan. 1, 1903 52,385,360 Jan. 1, 1896 25,114,077 months at 9,707,367 tons, or nearly a million tons July 1, 1902 49.325,064 Jan. 1, 1895 21,569,504 Jan. 1, 1902 17,451,674 45,483,010 J'an. 1, 1894 Jan. 1, 1901 40,730.576 Jan. 1, 1893 15,062,290 larger than in the first half of 1902, when the output Jan. 1, 1900 38,143.145 Jan. 1. 1892 13,373,463 comparing with 9,012,733 Jan. 1. 1899 34,855,023 Jan. 1, 1891 17,537,008 was 8,808,674 tons, and Jan. 1. 1898 32,624,995 tons in the second half of 1902. Perhaps the reader LOANS ON PERSONAL SECURITY BT N. T. COMPANIES. will better appreciate the magnitude of these results Jnly 1, 1903 $53,060,424 Jan. 1897 $25,788,188 1, 1, 1, I | 1, Jan. 1, 1903 42,233,160 1902 1902 1901 1900 1899 1898 48,5-!3,129 July Jan. Jan. Jan. Jan. Jan. 1, 1, 1, 1, 1, 1, 41,907,300 39,840.066 31,101.271 29,930,376 31,183,292 when we say that neither Great Britain nor Germany the two other great iron-producing countries of the — world made as much iron in the whole of the calendar year 1902 as did the United States in the six We have left until last reference to the cash hold- months jast past. By half-yearly periods the output ings of the trust companies in their own vaults and of iron in this country since 1893 has been: on deposit with the banks though, perhaps, more PRODUCTION OF PIG IBOW IN HALF-TBABLT PERIODS. interest attaches to these figures than to the others. Qro98 Torn. Qross Tons. 5,869,703 1893— iBt half; 4,562,918 1898--Isthalf Including the amount in bank, the total June 30 was 5,904,231 2d half 2,561,584 2d half 1894— iBt half 6,289,167 2.717,983 1899--Isthalf $147,097,316, which is about 16 per cent of the $914,2d half 7,331,536 2(1 half 3,939,405 7,642,569 1895— l8t half 4,087,558 1900--Ist half..... 769,869 deposits shown above. Of the $147,097,316, 2d half 6,146,673 2d half 5,358,750 7,674,613 1896— l8t half 4,976,236 1901--Ist half only $26,708,689 consisted of cash in their own vaults, 8,203,741 2d half .. 2d half .3,646,891 8,808,574 4,403,476 1902--Isthalf this comparing, however, with but $10,493,236 on 1897-l8thalf 9,012,733 2d half 2d half .5.249,204 1903--let nan.... 1303—161 half 9,707,367 January 1, thus showing an addition of 16^ million dollars. In the addition referred to we see reflected With it all there has been no very considerable the new Clearing House regulation regarding cash accumulation of stocks in makers' hands. Some reserves. small increase has occurred, but hardly enough to furUnder said regulation the trust companies were re- nish occasion for much comment. The stocks unsold quired to keep 5 per cent of cash in their own vaults in the hands of manufacturers or their agents on June — — from June lat. Nine companies retired from the 30 1903 are given as 126,301 tons, against 49,951 tons Clearing House as a result of this requirement, name- on Dec. 31 1902 and 30,861 tons on June 30 1902. ly, the Union Trust, the United States Mortgage & The smallness of the increment is the more note- THE CHKONICLE. 228 [Vol. LXXVII. worthy cocslderlng that Imports of Iron and steel were very large the last six months. Of pig iron alone the Imports were 452,451 tons in the six months of completion of 30 miles of road within six months, went to New York last week to secure his rails. He j adged from the tone of the stock market and the price 19C3, against only 115,607 tons in the corresponding of the Steel Corporation shares that he period of 1902 and but 19,676 tons in the six months of 1901, while of all kinds of iron and steel the import- good bargain. ations have been 829,976 tons, agalDst 312,991 tons in the six months of 1902, and 79,379 toes in the first half of 1901. The scarcity of iron which has prevailed is illnetrated by the fact that the American Pig Iron Storage Warrant Company held no iron wha'iever in of its yards on Jane 30 1903 or on December 31 1902. Since the organizition of the company in 1889, these are the only periods at which the company has not reported at least a small quantity of iron stored in its yards at the middle or at the close of the year. any might get a Ha not only found that he could get no rails at a discount from the stated price of $28 per ton, but that he could get no deliveries this calendar year because everything was engaged. e was willing to pay 130 per ton, delivered within six months, but H could not place the order. was offered to He 1904. The him upon any nearest delivery that account was Jane Germany and placed rail accordingly cabled to This is one of the features of the situation which may keep the import movement fairly large for some time to come, but eventually the domestic product will displace the foreign, ClassifyiDg the iron according to the fuel nsed in its and later we may also find it possible to enter the production, the following compares the output for the foreign markets again and dispose of some of oar first six months of 1903 with the corresponding periproducts there. the order for rails there. ods of previous years. PRODDCTION OF IBON ACCORDINO TO FUEL USED. nm Six Uontht. 1P03. & coke 1902. 1901. 1899. 1900. 1898. Mixed aotbr. Acoke 8.401.001 7,888,732 6.697,37«i6,tB9,71t 1.0ie.«SI 733 7 40 836.024 990,667 26.261 I . Anthracite alone Charcoal Mixed obarooal & coke ^478,655 5,087,491 682,027 635,209 167,li6 128.485 147.003 9.707,367 ti.808,974 7.674,618 7.642,569 Bltnmtn'ag coal 6,289,167 6.869',703 343,907 446,020 127,193 6S.309 756.836 41B.383 ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S —The public sales of bank stocks this week aggregate 258 332,717 j 92 186.008 6,004 194,281 17,979' which 228 shares were sold at auction and 25 at The transactions in trust company the Stock Exchange. stocks reach a total of 21 shares. la the "curb" market no shares, of 25,012 sales of either Total made. Unsold st«€k»— June 30 December 126.301 30,861 374.1891 49.951 31 73,647' NOTB.— In above stocks are Included amounts reported held by the Ameiioan Plg-Iron Stora^ Warrant Company. As large to the for fntnre, the output is certain to remain some time. Prices, too, are lower all This ought to stimulate consumption and aronnd. reduce imports. Moreover, the attitude of the leading producing interests is such as to prevent de moral! zation. This is shown by the revival this week of the so-called billet pool by the leading steel companies, and the fixing of the price of billets at 127 a ton. The companies parties to the agreement, it is stated, make fully 90 per cent of the open-hearth and Bessemer steel produced in the United States. This action ha"! given stability to the market and induced the placing of orders by consumers who had been holding oS in the fear that much lower prices might eventually be reached. At the same time it must be admitted the situation is in some respects peculiar and complex. We have seen that imports of both iron and steel have been of exceptional proportions in faot,f or the twelve months ending J ane 30 1903 they were larger than in any preceding fiscal year since 1891, and with that single exThe extraorception the largest for twenty years. dinary activity and immense demand for i ron and steel 30 large that even the steadily expanding domestic output could not fully supply it account for the extent of the import movement. Uader ordinary circumstances a return to normal conditions as to prices^ together with the farther growth in home production, would mean the quick displacement of foreign iron and steel by the domestic product. As it hap pens, though, most of the mills still have so many unfilled orders on their books for certain kinds of fiaished goods that they are not in position to take new orders except for delivery of the goods 'far in the — — — future. The "Boston N^ws Bureau" gives an bank or trust company shares have been instance in the Bakkb— Yeto fork. *25 City Bank, National 1 Corn Exohan KG Bank 27 Fourth National B<ink 200 Phenlx National Bank 8kmre$- Latl previout tale. Jtdy 1908— 268 Price. 280 367 June l»03— July 1903— July 1908— 21S>« 105 TRD8T OOHTAXIKS—Ifew Tork. 240 13 Merchants' Trust Co 8 United States Trust Oo 6 Windsor Trust Oo * 40m 210 105 July 1903— 246 July 1903 1550 1573 200i« June \903— 230 Bold at the Stock Exobange. — Iq addition to the failure last week Stow & C!o. S, Hooley & and Talbot J. Co. on Monday of this week found itself unable to meet its engagements and was compelled to announce its suspension. L. B. Bolston, of Turner, Bolston & Horan, was made assignee. The firm consisted of Edwin S. Hooley, Frank E. Brumley (the board member) and Norbert Heinsheimer. It was heavily interested in Evansville & Terre Haute RR, stock Taylor & of Co., the firm of W. L. Edwin (Mr. Hooley being President of the road at the time of the assignment) and also was the head of a syndicate which held control of the Des Moines & Fort Dodge RR., which latter is under lease to the Chicago Rock Island &; Pacific road until January 1 1005. The decline in the market value of the stocks of these roads is understood to have been the cause of the embarrassment of the firm. Since its failure on Monday the firm d holdings of Eyransville & Tdrre Haute stock have been disposed of to the St. Louis & San Francisco RR., which forms part of the Rock Island system, and this of course has greatly improved the affairs of the concern. William B isset, a member of the New York Stock Exchange and of the Boston Stock Exchange, also failed on Monday. At a meeting of creditors on Wednesday the liabilities were reported |l,326,000 ($960,000 secured and |368,000 unsecured) and the assets $1,209,300, the computation being on the basis of the prices ruling on Friday of last week. —The Nassau Tru<?t Company of Bedford Avenns and Broadway, Brooklyn, expects to open its new branch office early in September. This branch will occupy the ground flDor of the Nassau Building now nearing completion on the corner of Fulton Street and Red Hook Lane. The Nassau Trust has $500,000 capital and the same amount of surplus; the latter represents profits earned since the company's organization; none of the surplus was paid in at organization, the original capital stock haviag been subscribed for at |100 par value. The institution has paid a dividend of six per cent annually ever since its inception. The management is headed by A. T. Sullivan, President, while William Dick and John Truslow are Vice-Presidents, Harry F. Barns Secretary, and Francis Weekes, Assistant Secretary. which will serve for purposes of illustration. The Naws Bureau says that a Oanadian —The New York Produce Exchange Bank of this city on railroad builder, having a Government subsidy for Monday, Aug. 8, will open a branch to be known as the matter of steel rails AuQCST 1, THE OHBONIOLB. 1903.] Harlem Market branch, for the accommodation of merchants and others in the vicinity of Harlem market. The location ifl at 103d St. and First Ave. The lately organized Monroe Bank will open for businees on Monday, Ang. 8, in its commodions and attractive banking honse at 97 Canal St. The institntion will occnpy the entire three-story building, which has jast been completed for its nses. As stated in the Chronicle May 9, the management consists of Kanfman Mandell, President; Herman Vice-President, and William F. McLanghlio, The directors include: K. Mandell of K. Mandell & Heidelberg, Cashier. Co., B. F. Werner of Irving National Bank, Ptul von AmsCo., Henry Korn, capitalist; S. berg of H. A. Caesar Co., HarHirsb, capitalist; A. L, Werner of A. L. Werner & & 229 — Mr. Joseph M. Riker, President of the Merchants' National Bank of Newark, N. J., has given out the following statement ooncerniag the irregularities discovered in the accounts of one of the clerks of the bank. An examination of the acooants of the dlsoonnt oletk of the Merohanta' National Bank, Edmand J. Smith, reoently made apon the termination of hU employment, haa disclosed IrregnUrltles aad dlsorepanclea In his books. Expert aocouQtants are nowen^a^ced In an exhanstlTe examination of the bank's alfalrs, to deteruilne whether or not the IrreKularltles and dlsorepanoles were Intended to cover abBtraotlons of the assets, and, If so, by whom and how saoh abstraotlons were made. The examination has proceeded sattiotently far to show that the loss to the bank will not be serious. The bank holds an Indemnity bond of the American Surety Company for $10,000. Smith has been la the employ of the bank for twenty- Ave years and has never beeasaspcoted of dishonesty. He left the city before the dlssovery of the discrepancies, and his whereaboats has uot yet been discovered. Cohen of Harris Cohen & Bro., Heniy Hill of Sladkus & Co,, M. M. Abrahams of Abrahams & Sohwarz, M. Warley In the court proceedings against the Inter-State Tr ust Plaizek of Platzek & Stroock, Samuel Harris of Goldberg, Co. of New Jersey, to whose embarrassment refereaoe was Harris & Co.; Louis Auerbach, Joseph S. Marcus, George Rubenstein, Isaac I. Danziger, Lonis Weinberg, Abraham made in these columns on July 18 1903, Vlce-Cbauc;e!lor Reed at Trenton July 28 eigned an order postponing until Arzelewitz, Joseph Rosenthal and Abe Kassel. ris — —Mr. Sherman Flint of Lawton, Flint & Co. of this city has sold his membership in the New York Stock Exchange, and it is reported that $SO,0OO was the consideration given by the purchaser. show cause why a receiver should not be order of the Chancellor restraining the Sept. 22 the rule to appointed, The company from transacting business remains in effect. — The Commercial National Bank of Providence, R. I., which has been absorbed by the Union Trust Co. of Provi—The Mount Vernon Trust Co. has been appointed a court dence, has declared a first and final dividend of $129 per by the Appellate Division of the Supreme Court. depositary This is the —The Street is first one of the trust companies so appointed. International Banking Corporation of No. 1 Wall issuing a neat and attractive reprint of President share in liquidation to —The Quaker meeting of its its shareholders. City National Bank of Philadelphia, at a board of directors on July 28, passed approon the death of Congressman RDbert H. Meyer's aldrees to the Missouri Bankers' Association at St. Louis on the subject " How Foreign Commerce Benefits the American Banker." The pamphlet is an able and instruc- priate resolutions on the growth of our banking institutions and the important effect their development has upon our commerce, foreign as well as domestic. The subject ia a timely one, too, in this era of competition for foreign trade between ourselves and our great commercial rivals. State tive treatise —The proceedings of last year's convention (the ninth) of the New York State Bankers' Association have been issued in book form. The book is gotten up in an attractive manner and also contains portraits of the various officers. The meeting took place in this city at the Clearing House on October 9 and 10, when the following were elected to preside for the current year: President, Mr. Stephen M. Griswold, President of the Union Bank of Brooklyn; Vice-President, Charles H. Sabin, Vice-President of the National Commercial Bank of Albany; Treasurer, E. T. Johnson, Cashier of the First National Bank of Glens Falls, and Secretary, T. Ellwood Carpenter, President of the Mt. Ki£co National Bank of Mt. Kisco. details of the Foerderer, a member of the board. — Utica, N. Y., is to have another trust company. The Banking Department at Albany has given authority to the Citizens' Trust Company to begin business. The new institution is to have a capital of $200,000, It will take over the business of the private bank of A. D. Mather & Co. — A notice has been sent out to the stockholders of the American Trust Company of Pittsburgh, the Colonial Trust Company of the same city and the Farmers' Deposit National Bank, giving the details of the plan for the amalgamation of these and other Institutions embraced in the general consolidation of Pittsburgh banks and trust companies to which reference was made in our issue of June 20. Many of the facts contained in the circular these columns, but have already been given in we print the circular entire as furnishing how the general merger is to be brought a good synopsis of about. It appears from the circular that 8^^ shares of stock of the consolidated company are to be given for one share of the stock of the Farmers' Daposit National Bank. The boards of directors of the Colonial Trust Company and ot the American Trust Company of Pittsburgh have entered Into an agree—The increase in the capital of the Old Colony Trust ment for the consolidation and merger of said companies. Thii agreeCompany of Boston went into e ffect the present week. It ment provides for the consolidation of these two companies and the will be remembered that f 500,000 new stock was authorized acquisition of the Pennsylvania Trust Company, the German _» Savby the shareholders on June 30 and that $300,000 of the new ings Bank, the Columbia National Bank and the Tradesmen's National stock was sold at onoe for $1,800,000 in -connection with the; Bank. For the purpose of completing the merger between the American operation by which control of the Massachusetts Trust ComTrust Company ot Pittsburgh and the Colonial Trust Compitny, the pany was obtained. The $300,000 additional stock was of- capital stock of the Colonial Trust Company will be $4,000,000, and a fered to the Old Colony shareholders at par, the right to meeting of the stockholders ot the American Trust Company of Pittssubscribe expiring August Ist. The company now has burgh and the Colonial Trust Company has been called for the pursaid $1,500,000 stock and $5,000,000 surplus, besides $704,895 of un- pose of ratifying the action of the boards ot directors of the two companies. divided earnings. The surplus is on the basis of very conThe corporate name ot the consolidated company will be "The Colservative valuations. The company makes it a point to carry onial Trust Company," which will take the assets of the Pennsylvania all its Investments at or below the market value, and it Trust Co. and the American Trust Company of Pittsburgh, and will never increases book values, whether they have been taken own the capital stock of the Oermanla Savings Bank and the Columbiaand Tradesmen's National banks. too low originally or charged off. In pursuance of this policy A further agreement has been made between the Colonial Trust the company immediately after the purchase of the Massa- Company and the stockholders of the Farmers' Deposit National chusetts Trust Company charged off as a good-will item Bank which provides tor the sale by the said stockholders of their 1500,000 of surplus against the price paid for the stock of shares ot stock of said bank as the same are delivered, at the rate of for that company. The purchase of the Massachusetts Trust three and one half shares of stock ot the consolidated company one Bhare of stock of the Farmers' Deposit National Bank. The deCompany is considered a good move, ensuring, as it does, livery of this stock, however, cannot be consummated until after the closer relations with Kidder, Peabody Co., F, S. Moseley completion ot the merger of the American Trust Company of Pitts& Co. and the Shawmut National Bank. According to its burgh and its allied interests with that of the Colonial Trust Comstatement for July 15 the Old Colony Trust Company holds pany. As soon as the said merger is completed, the stockholders will over 23 mlllicns of deposits and has aggregate resources of be asked to ratify the agreement between the stockholders ot the Farmers' Deposit National Bank and the Colonial Trust Company, almost $30,000,000. and an increase in the capital stock will be made for the purpose of —Capt. Edward L. Giddings of the Boston banking firm of takintcover the stock from the stockholders ot the said Farmers Tower, Giddings & Co., died on July 28. Mr. Giddings was Deposit National Bank. At the stockholders* meeting called for the merger ot the American the oldest member of the Boston Stock Exchange, having Trnst Company and the Colonial Trust Company, the merger «gre«joined the Exchange March 1864. ment will be presented, which provides as follows & THE CHRONICLE. 230 That the capital stock of the American Trnst Oo. Is 25.000 shares of » par valae of $100 each, of which 23,000 shares have been issued or contracted to be issued, and the capital etoofc of the Colonial Trust Companj Is 20,000 shares of a par value of $100 each. For each share of the Colonial Trust Company the owner thereof will receive one share of the consolidated company; for each share of the American Trust Company the owner thereof will receive 20-23 of one share of the consolidated oompuny. —The Logan Trust Company is the name of a new finan- which opened for business last week in New Keneing^on, Pa. The company has a capital of $125,000, and absorbs the New Kensington Bank, capital |50,000. Mr. Alexander W. Logan is the President. —The Doylestown National Bank of Doylestown, Pa., was on July 80 closed by the Comptroller of the Currency. Bank Eiaminer J. W. Schofield was appointed receiver. It is charged by the Comptroller that speculation in stocks by the oflBcers and some of the customers of the bank is responsible cial institntion for the insolvency of the institution. —The South Hills Trust Company began business at No. 25 —James J. Perrin, aged [Vol. LXXVII. 74 years, banker and pioneer on the 27th inst. at his home the founder of the Perrin Na- citizen of Lafayette, Ind,, died Mr. Perrin was B^ink of Lafayette, and in that city. tional was prominent in banking throughout the country. He leaves two sons. Will. H. Perrin, President of the Perrin National Bank, and John Perrin, President of the Columbia National Bank of Indiancircles apolis. —At a directors' meeting last week of the Royal Trust of Chicago, Charles B, Randle and A. B, Dick were elected members of the board to succeed R. B. McMullen and J. A, Kimberley. Company Bank —The Chicago Stock Exchange has just issued a very compact and comprehensive manual containing a list of all members and the firms they represent, together with a roster of officials and the various committees. The book is in quarto form and neatly bound. —A new stock-brokerage firm in Chicago is that of Wrenn, & Egan, which has just opened for business in suite The members of the firm are Howard A. 415, The Rookery. Wrenn, for many years associated with John H. Wrenn & Co.; L. A. Calkins, who for a long time has been with the Board of Trade firm of Gillick, Simons & Co. and Chas. W. Egan, also with large experience on the Chicago Board of Work will be started next spring upon a new building to Trade. The firm has memberships in the Board of Trade and be erected by the Columbus Savings & Trust Company of Chicago Stock Exchange. Columbus, Ohio. Besides providing new quarters for the —James A. McLaughlin, formerly with K ley bolte & Co., company, the structure will also contain 850 ofiBces. The bond dealers, has formed a connection with the Chicago building will be twelve stories above the sidewalk, with two house of Redmond, Kerr & Company, and will represent their Btories below, and will occupy aj space of 63J^ feet on High interests in the southern peninsula of Michigan and in Ohio, Street and 187 feet on Long Street. Dark red granite and red with headquarters at Detroit. vitrified brick relieved by terra cotta will be used in the ex—The board of directors of the Louisville National Bankterior construction. The building is expected to be ready ing Co. of Louisville, Ky., entered a feeling tribute to the for occupancy late in 1905. Calkins Shiloh Street, Pittsburgh, on July 9, under letters patent issued April 84. The company has |125,000 capital authorized and paid in. The par value of the shares is $100. The officials are Elwin W. Smith, President; Kirk Q, Bigham, Vice-President, and J, J. Meisel, Secretary and Treasurer. ; — late Vice-President, Dr. John E, Sutcliffe, upon the records previously announced in this column, the Illinois of the bank. State Bankers' Association and the Iowa State Bankers' Association both held their annual conventions this week on —Extensive improvements are about to be made in the July 28 and July 29 —the former at Rock Island and the latter building occupied by the Third National Bank of Louisville, A j oint excursion on the Mississippi River Ky., at Fourth Avenue and Market Street. The entire at Divenport. and a joint meeting at Davenport were one of the features interior is to be remodeled and the front will also be considof the occasion. Congressman Charles N. Fowler of New erably overhauled. Jersey was a speaker at the joint convention. The following Mr. Edward Herndon, Manager of the New Orleans resolution, favoring co-operation with the Chicago Bankers' Clearing House, has favored us with the following stateClub, in the effort to secure currency reform was passed by ment furnishing a record of the growth of the New Orleans both conventions: banks during the last three years. "Resolved, That the convention appoint a committee of five memDate. Ko. banks. Capital. Sur. <6pro/. Deposits. Tot. resou's bers of this Association, whose duty it shall be to confer with and act 9 9 9 9 In oonjnnction with a like committee from the Chicago Bankers' Club and like committees appointed by other State bankers' associations June 30 1899.. 15 banks 4,580,200 3.443,893 28,864,060 38,013.980 banks 5,730,200 5,708,974 42,910,400 55,673,799 to follow all proposed Federal legislation ohanglnii; the present bank! June 30 1902 -.18 lug law or aSectlng banking interests, and take such action relative June 30 1903. .19 banks 7,980.200 7,586,594 58,079,600 77,856,346 to the same as may be deemed best." It will be seen that on June 80 1903 there were 19 banks, Congressman Fowler is quoted by the Chicago "Tribune" against only 15 on June 30 1899; that combined capital is as saying: "Sentiment all through the West is developing in now $7,980,200, against $4,580,200; that surplus and profits favor of asset currency that will contract as well as expand. have grown to $7,586,694 from $3,443,893, and that deposits In Wall Street they would like inflation. They want more have risen to $58,079,600 from $28,864,060. As to the volume money to aid them in boosting up prices again. It is in of business done by the Crescent City, it is only necessary to Wall Street that the Aldrich bill meets with favor, and that say that the aggregate of clearings for the year ending June a credit currency which has the facility of contracting when 30 1903 was $721,926,720, against $837,476,999 in the twelve the crop moving season is over is not liked at all. If credit months preceding, $599,370,815 in 1900-01, $495,374,842 in currency wins, it will be through the efforts of the Chicago 1899-1900 and $429,074,534 in 1898-99, —As — ' committee and others working in co-operation." The officers of the Illinois Association elected for the en- suing year are: William George (President of the Old Second National Bank, Aurora, III.), President; T. E, Burnham, of Onarga, III., Vice President; Frank P. Judson (Cashier of the Bankers' National Bank of Chicago), .Secretary, and H. C. Hamilton (President of the Bank of Girard, Girard, 111.), Treasurer. The oflBoers elected for the Iowa Association are: L. F. Potter (President of the First National Bank of Harlan, Iowa), President; Frank Y. Locke (Cashier of the Sibley State Bank of Sibley, Iowa). Vice-President; Divid H. MoKee (Cashier Citizens' State Bank of Mediapolis, Iowa), Treasurer, and J. M. Dinwiddle (Cashier of Cedar Rapids Savings Bank of Cedar Rapids, Iowa), Secretary. Mr. Dinwiddle has held the latter position fourteen years. — Bloomington, 111., is to have a new bank, making seven banks altogether. The title of the new institu tion is the McLsan County Bank, and it is slated to open for business to-day, August 1. — The eighth annual Convention of the Washington State Bankers' Association was held at Whatcom on the 23d, 24th and 25th instants. The attendance was large. Mayor J. B. Bennett extended a gracious welcome to the assembled delegates, to which A. F. Albertson, Vice-President of the National Bank of Commerce of Tacoma, responded in well Miles C. Moore (President of the Bakerchosen words. Boyer National Bank of Walla Walla) then delivered his annual address as President of the Association. He showed that banking in Washington is enjoying healthcalendar year 1902 the number ful growth; in the banks increased from of State, national and private 124 to 143, capital and surplus from $7,793,420 to $9,428,330, and deposits from $39,716,400 to $54,814,680, He laid em phasis on the fact that bankers while availing themselves of the opportunities afforded by prosperous conditions should exercise prudence, discourage reckless speculation and discriminate carefully between what is legitimate and what is illegitimate in business. Mr. P. C, Kauffman of the Fidelity Trust Company of Tacoma, as Secretary of the Assooiation, — : August > THE CHRONICLE. 1, 1903.] BXPOBTS OF GOLD AND SILVBB FROM furnished an interesting account of the association's growth. He showed that the association embraoed in its membership 90 per cent of the banks i a the State, "the largest percentage in comparison to the number of banks in the State of any State bank association la the United States." An intereeting series of papers and addresses had been provided, as follows: York 01 ty. ••The Trust Company and the Bank," by Charles S. Miller of the Waablngton Trust Company of Seattle. "The Country Banker," by Thomas H. Brewer, Cashier of the Gene- Exchange Bank of Qenesee, Idalio. "Bank Money Orders," by Edwin Qoodall, New York see Cltf. PRAN0I800. SILVER. ONTRft Coin. Total. 9 100208. BuU'n 9 9 Coin. 9 909.167 376,960 770,861 391,195 266,849 Cot.l2mo8 737,191 3376.83a 3.114.023' November. December. /annary .. February.. March..... A.prll May Jane 70,8 « 4 15,696 11,544 226,509 8.055 24,130 • Total. 9 826,863 310,800 463,300 391,100 286,500 466,400 355,200 82,200 96,000 12.821 6a680( 310150 199609 213,531 690,880 216,630 310,024 .... 10.132 493800 603.563 ... 9,140 .... 2,580 11.404 • .... 4,610 .... 62,792 680467 1,079.797 August September Bullion. 207006 6,52n 56.030 6,480 110,415 10,132 9,768 9,140 2,680 11,404 4,610 62.792 449.330 July 9 839,674 1,219,967 840,250 1,161,961 677,696 722,249 426,0^^4 97.896 107.544 226,609 48,465 24.180 40,400 3.083.661 3,308,753 6,892.414 Failures for Second Quarter and Since Jan. 1.— The following figures, prepared from Messrs. R. G. Dun & Co.'s statement, show the number of failures in the United States and Canada during the quarter ending June 80, 1903, and for the six months endiug witb tbe t-ame date. For purposes of comparison like figures for the corresponding periods of the preceding year are given 1903. , Some remarks on the address of Mr. E, O. Graves will be found In our article on the Financial Situation on a previous page. 8A.N GOLD. If Ootober... '•While YoQ're A.t— Piot anl Praphaoy," by George B. Burke' Oashler Henry Andrews & Ci., FdlrUAvea, Wiali "The Theory aurt Praollae of B »aklni?," by Gjor^e 3. Brook e, President of the Fidelity National Bank of Spokane. "Bankers as Couaerv^ators of Ore lit," by Ben). C VV right, Kdltor of '•Finance and Trade," San Franoleoo. "The Duties of a Banker," by A. L. Mills, President of the First National Bank of Portland. "The Need of an Elastic Ourrenoy," by Hon. E. O. GraTes, VloePreaident of the Washloi^ton National B ink of Seattle. "Clearing Honce EmerKonoy Clroulatlan," by Theo. Qllman of New 231 Second Quarter. NewEnKland 1902. . Amount of No. of Liabilities. Failures. Failurea. . Amount of No. of Liabilities. of the features of the entertainments provided for the occasion, which incladed various excursions by rail and 807 MlddleStates 523 Southern States 408 Southwestern States 214 Central State'* 484 Western States 301 PacifloStatesandTerrltor's. 191 $3,866,1*0 8.488,866 3,711,875 1,591,446 10.833,^89 1,016,784 2,991,437 427 646 496 272 510 340 156 $3,631,051 8,741,477 4,718,966 1.113,436 4,418,808 1,836,674 2,182,691 water. Aggregate United States... 2,428 $82,452,827 2,747 $26,643,098 $1,648,464 849 $1,306,489 Central States 1,064 651 Western States PacifloStatesandTerrltor's. 383 938 $10,309,069 20,779,806 1,193 7,665,173 1,244 3,866.627 620 17,337,029 1,103 2,962,974 613 424 3,876.582 $9,525,292 19,286,182 8,812,747 3.467,872 11,261,867 4,038,346 3,982,610 Aggregate United States... 5,628 $66,797,260 6.165 $60,374,856 $3,457,137 614 $5,753,951 A visit to the canneries and flab Sound traps of Puget was one —The & plan for the consolidation of the Farmers' Merchants' National Bank and the First National Bank, both of Los Angeles, has fallen throngh. The directors of both institutions had approved the proposed merger, and advertisements had even been printed calling meetings of the stockholders to sanction the scheme, but opposition develoj)ed and the notices have now been rescinded. —A meeting of the shareholders of the Security Saving s Bank of San Francisco has been called for September 23 to act on the proposition to increase the stock from $300,000 to thought only $300,000 additional stock will be issued at present. The bank recently purchased from the Merchants' Exchange the Montgomery Street frontage of the old Pacific Stock Exchange, and when existing leases expire contemplates erecting a structure for its own use to cost about $200,000. $1,000,000. It is IMPORTS AND EXPORTS OF GOLD AND SILVER AT SAN FRANCISCO. Through the courtesy of the Collector of Customs at San Francisco, we have received this week the details of imports and exports of gold and silver through that port for the month of June, and they are given below in conjunction with the figures for preceding months, thus completing the results for the fiscal year 1902-03. The imports of gold were moderate, reaching only $112,502, mainly bullion and ore. Of silver there came in $74,097, largely ore. During the twelve months there was received a total of $9,225,881 gold and $2,497,896 silver, which compares with $13,764,643 gold and $2,964,719 silver in 1901-02. The shipments of gold States Dominion of Canada 206 Six Months. New KnKland States 723 MlddleStates Southern States Southwestern States 1,132 1,135 650 Dominion of Canada 498 The record of failures in the Uoited States by quarters for first six months of the last eighteen years is as follows the : First Quarter. Faildbbs. Number Xears Failures. — 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 1903 Amount , of . Second Quarter. Number Liabilities. $29,681,726 32,161,762 38,834,789 42,972,516 37,852,968 3,203 3,007 2,948 3,311 3,223 3,545 3,384 3,202 4,304 3,802 4,031 3,932 3,687 2,772 2,894 3,335 8,418 3,200 Failures. 1,953 1,905 2,241 2,292 2,162 2.529 2,119 3,199 2,735 2,855 2,995 2,889 3,031 2,081 2,438 2,424 2.747 2,428 42,16-7,631 39,284,349 47,338.300 64,137,333 47,813,683 57,425.135 48,007,911 32,946.565 27,152,031 33,022,573 31,703,486 33,731,768 34,344,433 — Amount of Liabilities. $20,752,734 22,976,330 29,229,370 32,856,337 27,466,416 50,248,636 22,989,331 121,541,239 37,601,973 41,026.261 40,444,547 43,684,876 34,498,074 14,910.902 41,724,879 24,101,204 26,643,098 32,452,827 IFrom oar own oorresponaent.1 London, Saturday, July 16, 1903. The continued fall in New York and the labor troubles in South Africa weigh heavily upon every department of the Stock Exchange. When, a few weeks ago, selling ended in during June were of large volume, reaching $1,079,797, of New York and a recovery set in, people here hoped that the which $449,830 coin, and the exports of silver were $24,130, worst was over, that markets would gradually settle down, all coin. For the twelve months the exports of gold reached and that after a while business would again improve. But $8,114,023, against $781,826 in 1901-02, and $6,892,414 silver the resumption of selling once more has created doubt and was sent out, against $8,368,761 in 1901-02. The exhibit for apprehension, and everybody, therefore, is abstainingjfrom June and for the twelve months is as follows Incurring new risks. : In South Africa, there IVPOBTB OP GOLD AND 8ILVEB AT SAN 7BANCI8CO. a good deal of opposition being The general imthat Chinese labor will have to be imIs offered to the Importation of Chinese labor. GOLD. OMTH8. Ooin. 1903-08. 13,616 81,793 486,650 October... 5,843,205 Hovember.. 1,484,847 December.! 8,950! Aofost September J'anuary...! February..] March May Jane.. Total €oin. $ July April Bullion. SILVER. I ! 4,925 3,280 3,585 6.895: 9 22,304 35,919 69,813 151,606 80,9 567,578 189, 18e 6,032.391 148,206 1,633,053, 272,198 276,148 63,895 63,395 117.123 128.618 94.0999,023 37,103 40,383 81,6«0 86,26.^ 106,607 112,502 5,078 71,070 5<?2 •!»• Tot.l2moe'7,943.240 1,282,641 9,225.381 1,022 708 2,145 806 ibo ' BuUian. $ 151,482 199,154 238,387 346,247 160,170 402,447 110,064 104,610 144,222 178,91) 317,194 73,997 pression In Total. » 156,560 270,224 238,969 347,269 150,878 404,692 110,064 104,610 141,222 179,217 317,194 74,097 81^011 2,416,885 2.497^896 London ported, but is feared that the opposition referred to will deter the Government from coming to any definite decision for a while, and that therefore the mining Interest iwlU suffer. It Is generally estimated by the best authorities here that in mining alone British capital to the extent of about it is 250 millions sterling has been invested. Large sums have been invested In other enterprises, such as coal, railways and the like. Considerable sums have been lent to the local Government, and probably it would not be an over-estimate to say that more than 400 millions sterling have been invested by this country In South Africa. The prosperity of South : 232 THE OHHONICLE [Vol. LXXVn. Africa for the present, atjail eventp. depends mainly upon the 5,011 lacs at prices ranging from Is. 3 31 32d. to la. 4d. per mining indnscry, and therefore while that industry is par- rupee. Applicants at Is. 3 31-32d. are allotted somewhat alyzed by the w^uit of sufficient labor, investors in this over 80 per cent of the amounts applied for. The following return shows the position of the Bank of country are suffering severely. miniog shares 1!ngland,the Bank rate of disoount, the price of consols. &o. Upon the Continent only a small qnactityof 3ompared with the last three years is now held eince the Continent sold on a large scale ever since the beginning of the war. S ill, even the Continent is 1908. 1908. IDOl. 1900 JtUu IS. July 15. July 17. Jiitt IS. saffeting from the condition of Sonth Africa, and of course * S a M inuiatton.. 80,625 505 29,781.906 80.305 180 S0,86S,405 Continental investors are qaite nnwllling to buy back what ^bhedapotiti e.Bi4,6A7 11400,617 1U,S14.3»S 18,8(18.177 41.44m vas f9,«60,77a 40,741, 8h7 88,937,768 they sold until they see an early prospect of a revival in >U«r deposits H)T«ram«n t seovrltiei U.tit no 17»44.''49 16 986.4)^0 i!O,870.69O 26,v8^.7li 26,180,1 67 28,8f8.8-tt 38.401,647 South Africa. Business upon the Continent is likewise held )tli«r sMDrlties.. tM«rT« of notes and eoln V6.I48 480 Xtt.UJ! 060 8«,9'<t<,84B 18,910.880 JolnAbDiilon.both departm'ts. 8e.6t)6,vb6 31,4f 6.873 in check by apprehensions respecting New York, 88,(1 W- .955 37 5U8 906 ?TOP.I ^rop.reserTeo liabilities. P.O. 6IK 40 7-l« 50% 3^ 4 rate The reception accorded to President Lonbet In London has peroent.. 8 a 4 loneois.sit percent 9815-lG 16-10 es 67 lS-16 9VK made a most favorable impressioa throughout France. It ttlver. 84 7-l«d. 84Md ^6M<i. *!8X<». : ilMMinv-TTnnic rettirne. 211 .450. 000 81.751,000 aio.oa8.uou 185,673.000 • July 19. has convinced Frenchmen that in spite of the confident assertious to the contrary Ol the Nationalidts, Franca holds a The rates for money have been as follows: high place in tne estimation of the world. Therefore it has Inttrett aii0Me4 09»n Market Rat$$. strengthened the Republic and the present Administration. for depoiite b» Rentes have recovered, and it is believed that the with- OeiUon. 2rai%* BUU Sank Bin*. Joint Dia'tB'*. Stock At 7-14 drawals from the savings banks have come to an end. Yet Month*. 9 Mo*. 4 Jtfoi Banks Call 8 Monthi. 4 Month*. the public is afraid to engage in new enterpriser, as it is an2 Jnne IV 21492 18-16 29i®8l8-ie aM«8M able to judge what is the real position in New York, and is " 2 8 ii-iea2M 8 11-16 3 303)4 »< aw )!Xa8 11-16 made apprehensive by the long- continued fall in prices. In Juir 3 8 «« 1^ IX 9H&i 6-16 8 5-16®29« 8 10 IH IN Germany there is somewhat more courage, but in Germany, " 8 16-16 3 18 89«d8 7-16 2 7.T692H IN likewise, business is held greatly in check. In spite, however, of the fears entertained by the general The Bank rate of discount and open market rates at tha public here and on the Continent, the leading houses here shief Continental oities have been as follows: have been buyitg railway promissory notes this week upon a July 17. JttTv 10. July 9. June 26 very considerable scale. It is hoped that the purchases will Rate* of Inttrett at give relief to Ncw York and gradually bring about a better Bank Open Bank Open Bank Open Bank Oven iiate. Market Rate. Mark* Rate. Afarkei RaU. Market feeling. The notes have been bought chiefly on British 2« 3 3 3 3 8N 2H account, tut a portion of them has been taken by the Parte 4 4 4 8 i S^ Berlin 2H 2N Conioent, especially by the great French and German OambarR 4 4 8 4 4 !r>A 4 4 8 4 banks. 4 VA rrankfort s« SM 3« 3M 8H 9H French capitalists have bought some American railroad ft.miterdam 8 8 3 SM 8 Brassels 2M 2H bonds, but not a very great amount. There is an impression Vienna 8 sa SH 9H 9H 3H nom. nom. nom. non. 4M 4M 4M in France that the bonds will have to fall further in price, 8t.Peteribarg.. 4 3 3 4 8 4 3 4 and investors, therefore, are keeping away from the market, Madrid 4 4 4 Copenhaffen. .. 4» 4« waiting for the decline. If it really does occur, there is no The quotations for bullion are reported as follows: doubt that there will be an immense investment of French capital in good American bonds. It is quite probable, how BILVBB. July OOLD. July July Juli^ ever, that French investors will wait too long and will miss London Standard 16. 9. London Standard. 9. 16. the favorable opportunity of buying cheap. There has been a. d «. d. d d a good deal of buying, too, of American railroad shares. Bar gold, nne....oz. 771OI9 77 10 B&7 silver, fln«...om. 84% 247,« Do 2 mo. delivery ai'iB 243i« France has bought none. Germany has bought a certain C7. S. gold ooin...oz. 76 fti« 76 5 Serm'n gold ooln.oz. 76 5i*- 76 5V Bar silver, contaln'g amount, and there is a dilference of opinion as to whether the rrenoh gold ooln.o. 76 ftV 76 5* do 5 grs.gold.oi. 2514 2416,, 6* do 4 grB.gold.oz. wiirt 24 H remainder has been bought by this country or bought on fapanese yen. ...01. 76 5V 76 do 8 grs.gold.os. 247a 24«i« oe. 26iiie a«6i« Oake silver American account by British agents. In any event the im'Nominal. Mexican doUarB..OB. 24V 24:',«* preesion is strong that the bull account in American railroad shares has been largely increased during the week. So much Messrs. Pixley Sc Abell write as follows under date of so is this the case that people are already anticipating that at July 16: fl •• m m Gold—The demand tor Paris still ooatlnnes. and the chief part of the coming fortnightly settlement the rates on American this week's arrivals of bar gold, as vrell as f^iO.ooO la sovereigns dae securities will be decidedly higher. next week, liave beftti t^ken for that qaarler. The Bank has received lost Money has continued in good supply all through the week, daring the week £^0.000 from Anstralla, and has South £5,000 to America. Batavla, £20,000 to South Africa, and £25,000 to but the best opinion now is that we shall very soon see a rise Arrival*: South Africa, £276.000; Australia, £30^,700; West Indies, £12,300; total. £'>9.'S.00(>. Shipment*': Bombay. £30,000; OaloQtta, in rates. In the first place the Government has to renew £2,500; Colouibo, £50' Madras, £5,000; total, £58,500. Silver— The market for silver continues (rood and there has been a six out of the ten millions sterling of Exchequer bonds just large bnslneps done for the Far East, and this, coupled with short supfalling due. The market hoped that the renewal would be plies In London, owing to the oversold position In London for July, has for brought about a substantial recovery. We quote on a much smaller scale, and there is some disappointment oa.sh, with a good tendencs^. Pot forward delivery lo-nlKbt 24\d. has the ditferduoe at the actual state of things. Moreover, a good deal of widened somewhat, and we quote 247ig'i., with sellers holding back. The price In India Is Rs, 621^ for forward delivery. Arrivals: New money, as stated above, is being invested now in American York £51,840; Australia, £46.340: total, £98,180. Shipments. Port £2,500; securities of all kinds. Furthermore, American bills are Said. £1,000; Bombay, £3) ,500; Colombo£73,100. Straits, £10,000; Caloatta, v23,100; Madras, £S,000; tofal, Mexican Dollars -The demand for the Straits still continues, ohlf fly being offered in increased supply, and holiday-making will for Immediate shiomeni, and wb quote Hd under the price of silver. of course take away a certain amount of money. Upon the I.e. 24>sd, Shipments to the Straits, £65,000. whcle, therefore, it is thought probable that rates will ThefoUowingshowstheimportsof oerealproduoelntotfa» gradually advance. In addition to the reasons already United Kingdom during the forty-five weeks of the season compared with previous seasons stated it should be mentioned that the Continental ex changes are unfavorable to this country just now, and that mroBTs. 1900-01. 1899-00. most of the gold offering in the open market is being pur1901-02 1908-03 396 60,077,700 55,474,700 70,998,747 chased for the Continent. Lastly, an impression is gaining Iin3?»t8 Of Wheat, CWt.23,222,134 61,768 20,216,258 18,357,300 14,078.300 BarHy 18,123,208 14,966.912 19,572,700 16.260.100 ground that gold will be shipped from London to New York OatB..^ 2,286.940 1,692,611 1.796,801 2,165,430 PeSB „ later in the year. The corner in cotton and other things is BeauB ~ 1,349.545 1663,141 1,546,940 1,447,720 34.913,673 39,652.462 48,289,800 49,288,400 against the theory, but the opinion prevails that the corners [ndUnoorn ^.^..16.848.298 17.616.392 20.024.700 18.668.000 noni before long will break down; that American exports will be Supplies available for consumption (ezolusive of stocks on a large scale; and that in addition very considerable on September 1): amounts will be borrowed here for America. All this is 1901-02. 1900-01 1899-00. 1902-03. leading bankers to be cautious in taking bills too cheap, and VTbeatlmported.ewt. 70,998, 747 61,768,396 60,077,700 65,474,700 16.845,298 17,516,392 20,024,700 18,668,000 ImportB Of flour the most far-seeing are making preparations for a decided •aleBOfbome-groiril.22,206,108 22,124,589 22,215,066 29.266.422 ; rise in rates. The India Council atill sells its drafts well. It offered for tender on Wednesday 60 lacs, and the applications exceeded Total. ....110,050,148 101,409,377 102,817,466 103,804.122 4v«r.prIeewlieat,week.28B. 14. iLTerageprlee, Beaaon.SOB. Od. 80a. lOd. 87b. lod. 878. 278. 8d. 3d. 27b. 10(?. 8&b.10<>. . August : THE OHKONICLE. 1, 1903.] of wheat, floor and The following shows the quantities maize afloat to the United Kingdom: qrs...l,Pe5.000 The 240,ooo 1902. 2,450.000 280,000 906.000 '270.000 gra... 1,040,000 1.2J0.000 to qrs... false 1903. 1902. M » 60,142,348 aiaroh April 46,226,515 40,560,585 40,916,524 43,802,327 May 4l,9l.'5,l08 June 2,91^,0O0 2SO,oot aas.ooo : Difference. PerOt. 41,295,550 40,897.861 46.199,928 43,353,705 10,«65,315 » —3,915,883 —1,120,006 +6,018,663 -2,397,601 —1,434,599 +630,235 SLrmOi 860,529,889 262,740,083 —2,210,199 -0 The exports since Jannary let have been as follows 41.6>"0,591 1903. 1902. M EXPOBTB. Jannary M —3 Per 22,831,974 21,253.383 142.622,625 135,875.574 +7.147,051 The re-exports foreign of manufactures since January 1st February March AprlL May June —356.156 +65 +47 +T2 and colonial produce and show the following contrast M tal, «iao,000. M Per Oi. +727,872 +334,227 +13-7 +1,143,888 6,340,446 5,804,101 4,314,471 6.493,949 6,256.747 5,609,123 +26*6 +1-5 +58 +96,116 +686,806 +241,724 +130 +4-3 SUmOB 36,047,868 +3,229,026 32,818,842 +98 NoTB.— I'he aggregate Ugures are otUoial. They ludioate that slight adJOBtments have been made In the monthly returns as issued. ilton, Foreign Trade OP New York— Monthly Statement. Loin>oii. •Utw, per oonoe Mat. TUU. Hon. 25^18 25 Ss Ooii80lB.,neir,8\ p,ot«. 91% 9lii« 91''l6 9II16 For aooount 91'16 ai^is rentesdn Paris) tr. 97-37i« 97-6aiB 97-45 SOg Anaoonda Mining 3% 3»fl Ateh, Top, A Santa Fe.. 6618 6638 64% d. 25»ig 89^ 85 92 Oanadlan Pacifio 1251a Chesapeake A Ohio.... S3>« Ohlea. Great Western.. 15>« OUe. Oen. Oo Paul... 144-'8 Bio Or., com.... 22^ do Preferred, 801s Blil. <b St. A rle, oommon iBt preferred Sd preferred minolB Central ^^ 20 69 47ifl 138 LonlaylUe dk NaBhvllle.. 1091* Mexloan Central 18 Mo. Kan. St Tez.,oom.. 191s Preferred 39 Rational RR. of Mez... 19 Preferred 391s Y. Oent'l Si Hadson.. 1211s T. Ontario & West'n 2i\ Vorfoik (k Western 639i do pref. 91 _ Do orthem Beonrltiea.... 90 PennaylTanla. ...,....., 621s . . *Fblla.*Read 'PliUa. A Read. ,lBt pref. •Phlla.*Bead..2d pref, Sovthem Paoiflo ioatb'n RaUway, com. Pteferred.... Union Pacific ., Preferred. U. 8. Steel Corp., com.. Do do pref.. Wabash Do preferred. Do Deb. "B" * 86% 87% 851s 881s 12638 334 15% 34 143 23 80 145% The first statement covers the total imports and exports of merchandise and the Customs receipts for the twelve months two seasons. of the last UKR0HANDI8B MOVBMRNT AT NHW YORK Customs RioiiPTa AT N«W YORK. Imports. Bayports, UONTB. 1903-03. ' [ t 48,870,900 Jnly i26% 34 L26 15% 16 16 146% 14578 145% 23% 80% 29% 68% 2488 81 281)8 29% 68 46 6938 132ifl .35I4 50 14 20% 41% 191s 38% 39 >4 19 89 121i« I 124 181a I 14% 20% 41% 19 39% L26 22% 23% 6058 64 92""' 91 30% 1x68% 68% 51% 32 x 133% 133% 108 xl08 61 133 107 ; 09% 108 12 33% 24 81% 30% I I ; 14% 20% 41% 19% 14% 1978 33% 23% 24 65 91 6478 January... Cebrnarr... 50,161.023 B0.<!e9,966 March 60,210.827 April 6«.8ll.081 47.880,096 47.910,674 91% 63% 91% 34 35 34 44% 21% 4616 2238 45% 21% 87 86 89 88 75% 88 7738 78 89 76^8 87% 24% 75% 22% 38% 60% 77% 88 23 89 88 34 34 4314 218g 4178 21 86\ 4lis 73 14 201$ 37 68 »« i i I 6378 21% 24% 73 "s 39% 7473 22 38 64 62% 25% 74% 23 S 44.004.877 i6.e8a.B8i 89.646,072 16.828.701 89.460.634 16,947.179 44.fl79.892 17.260,876 t 14.158,647 42.852.497 16,616,118 35,847,167 18.814,962 14,650,604 14.088.660 14.433.199 13,581,463 61,640,416 43,698,194 62,451,663 47,023,744 41,840,267 45,688,579 40,535,486 16.278,476 46,978.082 42.5i0.186 42,100,03i 44,182,246 41,296,024 18,402,804 36,610,752 12,691,271 88,395,460 39.743,663 44.809.826 13,406,362 12.866.316 12,634,019 <}18,797,818 .560.086,498 604.835,043 190,869,886 183.739,335 166.665.771 The imports and exports of gold and silver for the twelve months have been as follows MONTH. 1901-08. t 813,801 813,888 1,411,210 741,928 2,684,768 333,039 430,733 1,463.223 648,843 333,836 184,874 298,663 528,078 311,478 98,214 149,170 5,402,061 November.. December. 1.389,422 760,387 Aagnst September.. October 6.857.740 638,014 389,409 January.... febmary.. Uarch April May June Total... 1908-03. % 660.063 711.66S 638.744 2.043.623 Jnly 81LYIR— NRw York Imvortt. BxporU. 1902-03. 1908-08. HxvorU. Import*. 190S-03. « 7.567.098 1901-08, % $ 1,486.045 473,825 88.476 10,934,174 49,602 880,978 849,358 884.606 182,877 472.584 609.323 289,491 13,094 336,464 388,618 438,835 419,670 37.444.054 43,338,818 8,831,300 1.697.043 16,200 219.746 480,464 8,308,368 36,684 8.104.781 16.760.086 1,473,234 7.874,261 897,887 615,894 4,709.538 11,337,970 4,691.960 1.969.766 2,626,283 566,806 % 1,916,200 3.872.161 3,583,607 2,991,996 8,819,167 6,613,113 3,046,075 3,611.691 3,368,536 2,3e8.a92 8.014,983 1.491.828 87.153,867 DIVIDENDS. 90 2678 1901-02. Aagnst 46,660,242 44,900,646 13.100,78« September 52,3Sl,6(a 40,178,887 40,867,460 18,001.06.1 October ... 51,866,116 53,004,912 46.200,616 16,711.474 November.. 61,671,351 43,838,120 89,760,121 89.337.307 17,860,876 12,847,833 December. 58.091,651 49,971,500 40,568,240 43.128.448 15,864,742 14,678,888 23% 64% 90 42 63% 26% 41% 86,608,619 88,813,950 1902-03. 1901-02. 124% 123 91% 63% 25% 41% 33% 45% 21% 63Bg t 47,098,078 41% 19% 39% 25% 41% 90 1902-03. Gold Moysmknt at Nbw York. 255,6 916ia 9lBia 97-95 91% 976^% 3% 8% 64% 64 91% 91% 85>s 85% 88% 88% 81 1901-08. /rt. 9130 24 24% 59 66% 92 8414 87i« 1341s 32»8 16 241a 411s 77I2 871s 24>« 7318 2II4 371s 865^ 3% 92 91 tkuri. 9I616B »15,8 >7 5-s% foh Preferred Baltimore M Ohio Pr«f erred IfSd. 26:«,6 ! — In addition to the other tables given in this department, made up from weekly returns, we give the following figures for the full months, also issued by our New York Custom Honse. Total.,. The daily closing quotations forseoorlties, eto.,at London are reported by cable as follows for the week ending July 31 Capi- T. E. Stark. Cashier. ; Kansas. Jane larKcta— P«r CabI*. President AFrUCATIONS TO CONVERT INTO NATIONAL BANKS APPROVED. Approved July 2.',, 1903. The state Bank of ^Hamilton. Kansas, into The First National Bank of Hamtltou. Capital, $25,000. Blanks sent to W. R. Appleby, Ham- May ilaJ , 6,896— The Neodesha National Bank. Neodesha. Kansas. Capital. $50,000. O. M. Condon. President; A. M. Sharp. Ca-^hter. 6.396— The Alba National Bank. Alba. Texas. Capital. 9:25.000 C. H Morris. President; W. H. UoUey. Cashier. 6,897-The First National Bank of Elba. Alabama. Capital, $50,000. a. H. Malone. President; W. D. Hutchison, Cashier. Difference, M 6,067,718 6,188.828 5,458,353 6,589.064 6,943,558 5,830,852 +6-8 +13-0 —1-5 +2,890,856 1902. 1903. Sa-BXPOBT8. January Oi. +26 +1,495,052 +1.019,577 June 8 : +634.462 +1,468,160 May 3 +1-5 A 24,369,174 21,318,276 22,217,238 23.492.529 April Sixmos —7-8 —2-6 +14-7 -5-2 Difference. 24,903,636 22,775,436 25,108,194 23,136.373 24.827,026 22,371,960 February March 6,893—The First NAtlonal Bank of Gushing. Oklahoma Territory Capital, $25,000. Jacob Puckett. President; John Foster", 6,894— The Farmers' National Bank of Hodgenvllle. Kentucky. 1901 British imports since J anuary lat have been as follows IMPOBTB. January February 23S Cashier. Lattweelt. 1,875.000 TM*v)»ek. Wh«at near, eanAl : .. 22^8 38% I 62 Price per share. ©ommerciaX and WixsttlXmxtJSius^zvciS Na/me of Company. Per When Cent Payable Rnllreadii (Hteam). Rome Watertowu Aug JBooks Closed. (Days Inclusive.) Aug 1 to Sep 2 to Oct IS 8 Aug 16 Aug 4 to Aug 16 3 2ig Ang Aug (quar.> 2 People's (monthly) laoellaneaaa. 1 Aug Aug Union Pacifio, <fe Ogd , gu. (QU.) com. and pref 2 S^treet Kallvirays. Boston Elevated Oot Ifi 1 Hanka. Lincoln National (ciuar Twenty-third Wsra. ) Trust Companies. Hamilton n American Chicle, com. (monthly) Casein Co., pref. (quar.) Central Fisewtirka, com do do pref Consolidated Gas, K. Y. (qnar.) Montreal Light, Seat <& Power (qn.).. Maniolpal aas, Albaay, N. Y. (quar.). 1 a 1 3>a 2 1 1 1 Holders of reo. J'ly 31 to Ang 2 J'ly 29 to J'ly 81 26 Holders of reo. J'ly 31 1 J'ly 1 Aug 10 Ang 6 Ang 10 Aug 1 Aug 10 Aug a Aug 10 Aug 2 Sep 15 Ang 28 Aug 16 Holders Aug 1 J'ly 26 Aug to Aug to Aug to Aug to Sep to of reo. J'ly J'ly to 10 9 10 10 15 31 31 Auction Sales.—Among other securities the following, not National Banks.—The following information regarding regularly dealt In at the Board, were recently sold at auction. national banks is from the Treasury Department. By Messrs, Adrian H. Muller & Son: NATIONAL BANKS OBOANIZEO. Slocks. Certificates Issued July SI to July 25, 1903. 8.890-The First National Bank of Wi burton, Indian Territory. * *'**^°- J*™e8 Degnan, President; H. D. Price. Oaeh^er «,891-The First National Bank of Conneaut Lake, Pennsylvania. ^^^•^^' E-^- Whiting, Presiaent; Perry Shontz, OmMot «.892-The Commercial National Bank of Ooahocton, Ohio Capital, Oassingham. President; H. O. Herblg, Caehier 13 Merchants' TrustCo 240 3,000 Peacock Copper Co.,$5 each $200 lot 3 U 8. TrustCo 1,578 6 San Print, & Pub. Assoc. $1,000 each .$2,ro0pr share 26.000 Greater Amer M Oo.SlOlOt 100 The Kvle Art Glass Co. 40o. per. share $50 each 200 Phoenix Nat. Bank 105 110 120 Realty Assooiatioa stocks. 20 Brooklyn Aoad. of Muslo (wi'h 2 tickets) 120J8 216i« 27 4th Nat. Bank 90 Whlitier Lum Oo. pref.|$301ot ...200i« 5 Windsor Trust Co 451 1 TideGaar. &Tr.Co 1 Corn Exchange Bank... 367 Bonds Lumber Oi. !9,500 Whlttier MAS lBt(>s. 1911. Int. Sep.. 1886, ooapons on. 2S 5 . « THE CHRONICLE. 234 — New York City Cieariu:: House lianks. Statement oi condition for the'week euding July 2o, 1908, based on average of daily re.^ldts. u« omit tu-o cip^ers (OO) in all eases. New York Boston aiul riiihulelpliia Banks.— Below weekly retiu-ns of the Clearing House Banks of New Y^ork Citj*. Boston and Philadelphia. The New York figures do not include results for non-member banks. is a Cit.v. summary Svrplus Capital. » Bk. N Y. Mauli.it. Co. Merchants' •2,000.0 Mech.iuics". •-'.OOO.M America $ 2.000.0 J, 050.0 1..-.0.1.11 of . Photniis ... City Clienuc&l .. . Mech .vr rill. Greonwuli. LeathMtTs. 336,6 1.000.0 2.US.3 300,0 700.0 500,0 111.6 360.8 515.7 554,3 3.781,4 6l>0.0 5,000,0 Commerce.. 10,lH)0.0 3,000.0 Paciiic 42-J,7 Chatham ... ... People's N. America Hanover ... Irvtii!; Citizens' .. Nassjiu Mar.vb Full. l,Ot)0.0 1,500,11 . Park 4.04-.'.0 2.187.1 4.441.1 28,247.0 74.2l>4,3 8,067,2 4.459,0 588.6 1.079.2 393.6 2,070.6 6,398.8 1.072.6 671.(1 ... Oriental iC 1,000.0 1,550.0 500.0 Tra«l Com Kxch Imp. 430,0 200,0 2.000,0 3,000,0 1.000,0 2,000,0 600,0 ShoCifcLithr. l^-'.530.i' 20.S33.0 4,241.0 136,191.5 23,519,6 4,904,4 7,386,3 2,086,2 330,9 Ajuer. Exch. Merc.kUHle 12.-272.9 15,828.4 7,459,1 304.9 1,211.7 363,2 3,320,8 842,8 6,626.6 22.778.3 3,229,3 5.869,0 2.027.9 15,541.6 4.'>, 116.8 6,453,0 7,096,5 2,843,2 6,213,0 5,562,6 25,46s.O 5, .585, 22,296,0 6,867,4 54.115.'.' .... .... 3,000,0 250,0 3.000,0 1.000.0 300.0 156,9 2,964,5 611,2 X.Y.-Vt.Ei. 10,IK)0,0 oliO.u 13,174.1 393.7 250.0 200,0 750,0 1.000,0 100,0 200.0 200.0 300,0 1,000,0 250,0 773,7 635,0 493,8 3,690.5 1.144.0 16,740,7 9,023,0 9,411,0 72,942,2 6,343,6 2.792,0 4,365,4 3,394.1 34,832,0 8,721.4 2,860,4 2.988.6 10.516.4 7,428,3 2,456,3 8,386,8 3,215,0 11.218,0 4,382,0 9,647,6 4,094,5 5,951,0 4,737,0 57,824,8 East Hiver Fourth .... Central Secoiirt First Bowery ... N. y. Co... G«mian Am Chase Fifth Ave.. German Ex. Germauia .. Lincoln Garfield.... Fifth Bk. Met.. of West 8i<le.. Seaboard 1,000.0 200,0 500.0 300.0 .. IstX.Hklyn Liberty 1.000,0 N.Y.Pr.Ex 1,IH)0,0 Amst. 500,0 350,0 10.000.0 New Astor VVescem Total t ... 1, -28 1.6 1,643,1 658,8 849,8 1,284,1 1.301.3 375.0 1.413.0 509,6 1,313,0 575,9 1,858.0 486,5 592,6 508,4 3.267.0 l.egals. tI>eposits He. I've. P.C. $ $ 2,644.0 1,603,0 14.938.0 -284 6,035.0 2,159.0 24.584.0 33 3 2.62^2.6 1.141,7 13,996.5 26-8 2.024.0 1,639,0 12.919,0 2S-3 3,857.3 2,287.1 2-2.521.2 2V-2 327,0 4,103.0 28-8 858.0 2^2.753.8 8.293,9 120.868.7 25-6 2-2.862.3 28-4 4,331.9 2,165,6 l,05.-i.9 566,1 5.437,9 29 S 711.0 562.3 4.794,2 26-5 51,5 544.0 2,505,8 23-7 465,0 316,0 4.101,0 19 28-2,7 384,1 1.751.6 380 853,0 418,2 4.416,0 38-7 2,287,0 2,361,0 20.680,0 22-4 11,526,8 6,005,6 63,551,9 •27-5 3,798.2 1,239,4 19,600,3 25-7 532,4 387,1 3,874.6 23 -V 697.9 878,6 5,883,0 26-7 165.9 556,2 2,519,9 •ISii 1,098.8 1,677,6 11,878,4 23-3 9,812,0 7,365,8 55.201,7 30-2 543,6 5,960,0 26-8 1,056.1 554.2 8,054,3 251 1,471.5 832,0 S81.6 3,239.8 220 680,5 6.212,3 290 1,126.3 18-2,4 6,456,7 24-6 1,408,6 4,639,0 3.209.0 30,555.0 25-6 660.1 731,0 4,910,5 26-2 3,8^8,0 1,287,0 19.707,0 26-2 12.11 '2.0 5,104,0 61,619,0 27-9 18-2.1 206.9 1 299,-' 30-0 2,118.1 3,089,9 18,580,8 280 1.116.0 1,326.0 10,106.0 24-1 1.322,0 1,12-2.0 10,017,0 24-3 15.891,5 2,380,9 60,994,4 29-9 942,1 543,5 5,094,2 26-0 210.0 378,0 3,112.0 18-8 625,0 312,0 4,699,2 19 9 679,7 210,0 3,269,3 27-2 9,48^2,4 2,312,5 41,860,0 28-1 •291,5 2,469,0 9,809,4 -28-1 200,0 660,0 3.350,1 25-6 416,3 459,6 4,538,3 19-3 546,1 2,118.1 10,917,7 24-4 318,2 1,428,9 7,405.8 23-5 481.2 166,9 2,515,8 26-7 1,582,5 693,8 9,606,;. 23-6 608,0 319,0 3,604,0 25-7 2,003,0 1,598,0 13,011,0 27-6 509,0 603,0 4,490,0 24-7 240,0 1,761,4 7,947,0 251 332,9 789,0 4,018.6 27-9 914,9 334,4 6,069,1 20-5 840,0 221,0 4,628,0 22-9 14,003,5 3,040,9 61,123,8 27-8 $ 16.261,0 19.641,0 2.376,9 1.407.2 2.768.5 3,573.5 300,0 600.0 Specie, .« •2,465.5 l.OOl'.O 25.1HH>.(> Merch. Ex GalUitm But. iV Drov Loans. 109,922,7 129,168,9 907,899,7 166,367,1 78,142,5 t 9023768 270 Total United States deposits included $37,257,100. Reports of Non-Member Banks. — The following is the statement of condition of the non-member banks for the week ending July 25, 1903, based on aTerage of daily resvdts. We oinit two ciphers (00) in all cases. BAXKS Capi- 8UT» OOs omitted. tal. plus. /.natis & Invest- ments. Colonial Colombia .. 14th Street. Gansevoort. Hamilton .. Mt. .Morris Mutual 19th Ward Plaza Riverside .. . State Ward 23d Ward .. 12th . Yorkville .. Fidelity "Vanck Jefferson .. Century Wash. ... Hgt.s Leg. T. * $ 100,0 300,0 100,0 200,0 200,0 250,0 200,0 200.0 100.0 100,0 100,0 200,0 100.0 100,0 200,0 100,0 400,0 100,0 100,0 207,4 271,5 10-2,6 57,1 120,8 112,5 191,7 194,6 239,4 10,S,3 492,4 99,1 93,6 265,2 113,2 60,4 239,6 53,2 116,6 20?,6 2.081.8 3,219,0 1,706,7 1,641,9 2,292,9 •2,12-2,0 2,359,1 1,261,3 3,070,0 1,096,0 6,511,0 1,450.0 1,284,0 1,857,9 630,9 838,8 1,791,8 396,0 562,4 2,017,6 $ 46,8 150,0 85,6 17,8 110,7 119,0 15,9 31,4 187,0 $ 178,0 104,0 66,5 117,4 97,4 83,0 200,2 120,9 173,0 $ 501,3 238,0 185,9 176,1 194,1 233,0 199,4 239,6 115,0 1'2,7 80,1 68,1 407,0 41,0 52,0 24.5 127,0 3,9 225.0 175,0 133,0 193,7 40,5 71,9 7,0 6,2 11,7 69,2 19,2 23,8 204,7 'kt.i 12,0 96,5 170,0 54,6 28,8 79,8 427,0 53,2 373,0 218,0 58,9 98,7 50,5 10,7 50,0 128,0 157,5 44,8 97,5 152,6 46,-.. $ 49,2 3,0 50,0 58,9 100,0 54,0 4-2,0 24,6 469,0 35,0 44,0 1,8 31,3 10,0 89,6 101,2 $ 2,580,0 3,259,0 1,93-2,7 1,857,7 2,576,8 2,710,0 2,523,4 1.418,2 3,307,0 1,091,4 7,093,0 1,789,0 1,548,0 1,934,5 568,9 897,1 1,567,1 342,2 479,5 1,161,0 oi 1,982,7 1,500,7 372,5 3,103,1 5,623,9 905,4 115,0 300,0 100,0 252,0 500,0 100,0 300,0 300,0 100.0 100.0 100,0 200,0 200,0 1 00,0 200,0 316,9 165,0 20,0 531,3 391,7 45,9 663,9 595,0 165,7 160,9 85,0 268,2 122,3 86,4 2,979,0 1,009,7 1,324,3 629.8 1,004,0 1.325,2 798,4 939,7 l8tXat.,S.I. 25,0 100,0 75,6 106,4 Other Cities. l8tXt.,J.C. . Brooklyn .. 8th Ward... Mtrs.' Xat.. Mecliauies' Merchants'. Nas.iaa Xat Nat. City .. North -Side. People.s 17th Ward SprasfueNat . Union Wallabout . Borough ... BoTougli 3,817,11 3,7 358,0 141,3 7,9 200,0 125,0 11,9 58,5 9,4 102,J 47,3 33,3 S».7 94,6 24,8 46,5 540,7 738,0 18.4 37,6 15,0 10,0 400,0 1,039,8 4,464,9 194,3 639,2 290,0 270,5 522,7 142.8 2,230,8 1,130,2 ^•^17,7 2,581,8 1.089,2 77,5 63,9 51,9 7i»,3 280,0 195,8 51,2 389,1 227,0 112,3 679,0 322,0 44,6 96,8 70,9 206,3 46,3 28,6 79,3 43,3 20,9 40,0 10,0 <^5,0 102,0 73, 54,6 26,8 27,0 122,5 41,2 23,8 2,100,0 1,601,6 451,4 3,408,9 6,198,7 992,9 4,240,0 3,193,0 956,6 1,448,2 611,1 990,1 1,324,2 758,9 822,3 01 Richmond. Bk. of St. Is Hnrl.'4on 2dNat.,J.C 3d Nat., J. C. l8t Nt., 78,2 127,5 10,9 577,3 725,5 320,7 1,628,9 513,7 Hob 2d Nat., Hob 250,0 250,0 200,0 110,0 125.0 123,0 37,3 Circulation. Clearings. $ 238.>^82,0 917,444,2 159.302,3 75,048,6 ;103,892,l 238,882,0 109,529,0 156,673.1 74.371,-2 .•i92,148,; 239,091,6 •07,015.51160,863,4 76,217,1 895,208,: 43,909,1 1,370,947,5 43,910,-. 1,311,053,0 43,908.9 1,422,327,7 13,819,'. ,253,o88,e 239,091,6 907,899,7 166,367,1 78,142,5 90-2,376,; Bos. J'ly 11 J'ly 18 J'ly 25 52,32-2,0 187,197,0 16,654,0 17,389,0 16,571,0 52,322,0 1^7,940,0 5'2,32'2,0 186,595,0 6,633,0 208,036, 7,191,0 209,393, 7,280,0 206,036, 140,619,5 138,325,2 125,820,1 6,583,0 6,570,0 6,571,1; Philn. J'ly 11 J'ly IS J'ly 25 44,764,0 190,514,0 44,764,0 189,509,0 44,764,0 186,223.0 51,739,0 121,609,0 121,481,8 51,056,0 125,866,6 t Including for Boston and Philadelphia the item 'due toother banks,"' and also Government deposits. For Boston these Government deposits amounted on July 25 to $6,320,000 on July 18 to $6,3 29,000. 213,110, 213,548, 209.223, 5-2,536,0 11,182,(1 11,230,0 11,292.0 ; — Imports and Exports for the Week. The following are the imports at New York for the week ending for dry goods July 23, and for the week ending for general merchandise July 24 also totals since beginning first week January. ; FOREIGN IMPORTS. 1902. 1903, .For week. Dry Goods 1901. 1900. Total .Si7ice Jan. $2,455,689 8,220,422 $2,303,097 8,117,391 .$2,142,212 7,691,952 $2,251,753 7,497.004 $10,676,111 General Merchandise $10,420,488 $9,834,164 $9,748,757 $79,235,952 270,862,092 $71,798,970 247,276,894 $60,574,344 203.970,071 $72,036,263 249,305,271 1. Dry Goods General Merchandise Total 30 weeks $350,098,044 $319,075,804 $324,544,415 .$321,341,534 The imports of dry goods for one week later -will be found in our report of the dry goods trade. The foUowiug is a statement of the exports (exclusive of specie) from the port of New York to foreign ports for the. week ending July 27, and from January 1 to date. EXPORTS FROM NEW YORK FOR THE WEEK. 1903. 190-2. Total 30 weeks 275,625,113 1901. 1900. $8,990,037 263,769.726 $9,46-2,134 Previously reported.. $11,334,522 292.063,320 305,884,759 $9,305,396' $285,087,227 $272,759,763 .$303,397,842 .$315,190,154 Note.—As the ligures of exports as reported by the New York Custom House from week to week frequently show divergence from the monthly totals, also compiled by the Custom House, we shall from time to time .adjust the totals by adjding to or deducting from the amount "previously reported." The following table shows the exports and imports of specie at the port of New York for the week ending July 25 and since Jan. 1, 1903, and for the corresponding periods in and 1901. EXPORTS AND IMPORTS OF SPECIE AT 1902 NEW YORK Exports. Week. IMI'OUTS. Since Jan. Great Britain France 1. Week. Since Jan. 1. 143,2 235,4 383,5 172,3 65,8 44,8 10,3 18,9 uU 34,X $2,929,115 $20,2"8!C98i Mexico South America 3,076,535 1,729,786 29,387 7,668,012 10,300 $2;466 8,157 All other countries Total 1903 Total 1902 Total 1901 Silver. Great Britain .$10,617 $32,804,001 2,657,124 1,003 19,634,030 29,179,9-28 1.995 125,075 170,805 377,500 37,003 $7,556 113.028 67,810 $3,639,498 1,467,194 1,546,518 $il385 '"4'.i76 *479,190 $15,958,555 243,000 1,833,994 Prance Germany West Indies $44,000 •2,600 141,839 Mexico South America 84^406 All other countries ""$2Y5 509 512 88.5,790 .11,299 21,203 745,977 124,552 2.902 63 .1722,190 $18,907,178 Total 1903 Total 1902 Total 1901 410,355 913.135 18,671,512 29,329,075 41.517 96.700 $938,634 780,462 2,139,981 Of the above imports for the week in 1903, $2,650 were American gold coin and $278 American silver coin. Of th© exports during the same time $10,617 were American gold com and % were American silver coin. Auction Sales. —See page preceding. %'&xiW\XQ atid Ifltxaucial. ^oJ^^J^oa ^'^^^^jy Spencer Trask & BANKERS, Co., NEW & PINE SXitJiKTS, VORK« Transact a <yeneral bankino- business; act as Fiscal Ao^ents for corporations, and neo^otiate security issues of railroads and other companies. Execute commission orders and deal in WIIililAm INVESTMENT SECURITIES. Members 63,5 12,4 77,7 27,9 60.1 Deposits.^ Zegals. N.Y. J'ly 3 J'ly 11 J'ly 18 J'ly 25 5,910,1 Co Nat., J.C. Specie. 7^f>.t <&Bank Clear'y Other Deposits NoUs. Agent. Bks.&c Broolclyn. Broadway Loans. ciphers (00) in all these tlyurcs. Germany West Indies United Nat 1,000,0 Borouyh BAXKS Surplus. tiro Gold. N. T. CiTT. Borcrughsor Matid:Br'nx Capitals Deposit with Specie. of the We omit t BANKS. [Vol. LXXVli. 1,762,9 1,064,6 1,509,6 2,368,1 1,182,6 N. _Y. Branch Stock Exchanue. Moffat & Offlce. 05 State St . Alban7 White, Members >e^v York Htock ExchanKe, 1 NASSAU STREET, CORNER WALL, Dealers in Investment Securities. Tot. J'ly 25 8,612.0 101133 79,499,8 3,366,2 1,581,8 8,708,9 •.',2-29,0 *4, 821,1 Tot.J'lyia «,4rA0 100269 79044,1 3,500,1 4,735,8 8,39-2,7 2,078,6 -.4. ',83,6 Tot. J'ly 11 8,412,0 100269 79,583,9 3,520,7 4,964,5 7,693,3 l,96:i,I 85,221,3 TeL 58'.iU.M21 Cortlandt. Telenhona i^toeka a. 8D«RlaItc " August THE CHRONICLE. 190S.] 1, For IHtid*nd$ tee page occurred in several cases. Daily transactions have averaged nearly $3,000,000 par value and were better distributed than for some time past. The strong features have been Rock Island 4s and col. trust 53, Mexican Central first incomes, United States Steel new 5s and Wabash debentures, which ©alette* IBuuIvers^ 235 zjs- WAL.1. STKBBT, FRIDAY, JULY 31, 1903.-5 P. Jl. advanced from 2^2 to 5 points. Tbe Money Market and Financial Situation.—The situaUnited Stiites Bonds.— Sales of Government bonds at the improved. Tho suspeusiou tion iu Wall Street has decidedly of two Stock Exchange houses at the close last week and Board include $3,000 4s reg. 1907 at 111 and $i,000 3s coup. another on Monda}' seems to have removed an incubus from 1908-18 at 107)^ to 108)^; for ye trly range tee third page the market and led to some investment buying of securities. follotoing. There was a sharp recovery of prices after tne suspension Int«rt3t July fitly July July July July PtrioAa 95 37 •J8 •iV 30 31 noted on Monday and on Tuesday, followed by a steadier tone, and a considerable reduction in the volume of business 3s, 1930 *106% '106% '106% •106%''106% registered Q—Jan •106% Doubtless the recovery will be much Is, 1930 coupon Q—Jan >106% •106% '106% 106% •106%'106% later in the week. likely a larj^o 38, 1930 ,smaJ.reglstered less rapid than the decline his been, and quite ooapon 38, 1930 .small proportion of the business transvoted during the next few 88, 1918 registered Q— Feh '107»4 '107»4 107% •107% '106% •106% coupon q— Feb 108 >• >108>* *108>a 108 V. 107 >t •lO?"* 88, 1918 months will be generally of a conservative character. small.rexistered Q— Feb Copious rains in the Southwest have taken the place of 8s, 1918, small coupon Q— Feb ib6>i 'ib6»« •ib6>i •ib6>i •ibe^ *i06»i 3s, 1918, •111 *111 registered Q— Jan 111 111 •10B>a •109>» hot winds, materially improving the outlook for the corn 48, 1907 coupon Q— Jan 111 ail -111 •111 •109 >a '109 "a crop, and reports from the southern section of the sprinj,'- 4s, 1907 registered Q— Feb 134 14 '134 "« *134Vi 134>4 *134'« *134>« 1926 48, wheat belt indicate that the crop there is about an avera^o 4s, 1926 coupon Q— Feb 136>« 135>« *135'-j •1354 •135'u •136% registered Q— Feb '101'* '101»4 •101% •101% •101% •101% one; while in Northern Minnesota and Dakota, notably iu 5s, 1904 >103 •103 •103 •103 •108 coupon Q— Feb 103 5s, 1904 the hard-wheat section of the Red River Valley, the pros•This ta the price bid at the morning board; bo mi« was made. pect is less encouraging. In the meantime there is a good Railroad and Miscellaneous Stocks.— There has been a exiwrt demand for our breadstuflfs, and railwa)' earnings continue to reflect a heavy movement of general merchandise. further reduction in the volume of business in stocks, the The money market is easier, notably for time loans, which daily average for the week being about 575,000 shares. The market has continued to move irregularly, but fluctuations are more freely negotiated than of late, and at lower rates. The open market rates for call loans on the Stock Exchange have generally been narrower than of late, and changes are, during the week on stock and bond collaterals have ranged in a majority of cases, to a higher level of prices. To-day's from 1 to 3 per cent. To-day's rates on call were 1% to market has been exceptionally dull and featureless. Terre In the active railway list Atchison and Evansville 8 per cent. Prime commercial paper quoted at 5% per cent Haute are notable exceptions to the general trend of the for endorsements and 5^^@6 for the best single names. The Bank of England weekly statement on Thursday market. The last-named stock fluctuated over a range of 20 showed a decrease in bullion of £497,420 and the percent- points on events which resulted in its acquisition b}' interage of reserve to liabilities was 49 46, against 51 '96 last week, ests controlling the Rock Island-"Frisco" systems. Atchithe discount rate remaining unchanged at 3 per cent. The son showed a tendency to weakness and closes with a net Bank of France shows a decrease of 3,000,000 francs in gold loss of nearly 2 points. Lackawanna recovered 15 paints of its recent decline. North West, 5 points and other granger and an increase of 150,000 francs In silver. & HEW TOKK 96,83>j.l00 line issues an average of from 2 to 3 points. of the miscellaneois is-^ues have been erratic. ColIron covered a range of 14 points, General orado Fuel Electric and Anaconda Mining 10 points, New York Air Railway and Brake 8 points and Tennessee Coal Iron PressedjSteel Car each 5 points. American Sugar Refining and United States Steel issues steady, with an upward tendency. 79,390, 100 867,6S3,400 30,637,500 942,938,600 178.921,200 79,942,000 For daily volume of businesa see page 244. The following sales have occurred this week of shares net represented in our detailed list on the pages which follow. 7,429,100 1,792,176 263,626,700 238.024,300 268,863,200 235,734,625 5,636,926 15,602,400 28,128,675 and trunk OITT CLBARINO-HOUBB BANKS. IHffirtnott Some I 1902 July 36 from prtvious tDMJIC 109,922.700 139.163.900 9O7,«Pe.70O Ino 43,819,200 Deo *902,876,800,Ino 166,.'?67,100 Ino 78.112,600 ICO ReserTO held 25 p. o. ot depoalt« 244,509,60o'lliO 225,594. 2001110 Sorplna reaerve! 18,916.400! Ine Sarplus Loans <& disooonts Oti-culation Xet deposita Bpeole Legal ten ders S & & 100,072, 700 114,637 100! 9la,294, 600 31,997, 700 962,097, 200 884,200 89,700 7,168.700 6,603,700 1,925,400 Capital 1901 July 27 % 1903 July as 174,136 600 88.222,700 $87,257,100 United SUtes deposits inolxidod, against $37,268,800 last WMk. With these United States deposits eliminated, the surplus reserve would te $28,229,675 on July 25 and $22,696,675 on Joly 18. HOTB.— Betnrns ot separate banKs appear on tbe preceding page. • — dTOCKS Wetic Sncling July 31 American Beet Sugar... Preferred American Coal Am. Steel Foundries Preferred Amer Teleg <fe Gable Sales for Sange for Week Bange H»ce Jtm. 1. Week 200 27 J'ly29 100 80 J'ly28 200 300 J'ly26 100 10 J'ly V!7 100 60 J'ly27 16 82 J'ly 27 100 6% J'ly 30 20 136% J'ly 27 600 67^2J'lya8 100 185 J'ly 28 100 155 J'ly 25 100 25 J'ly 25 J'ly 29 26 Jan 80 J'ly J'ly 28 J'ly 27 199 J'ne 10 J'ly J'ly 27 50 J'ly 27 60 J'ly 82 J'ly 27 77 J'ne 6 J'ly 6% J'ly 30 136% J'ly 27 1 36% J'ly 70 J'ly 28 67 "a J'ly 186 J'ly 28 185 Mar 155 J'ly 25 165 J'ly 25 J'ly 25 J'ly 26 60Wly26 60>aJ'ly 23%J'Iy29 22 J'ly 47 J'ly 29 47 Jan 64 J'ly 30 44%J'ly 155% J'ly 2H 155 -^ J'ly 4 J'ly 25 4 J'ly 182 J'ly 27 182 J'ly 6%J'ly 5% J'ly 27 30 80 200 10 31»aApr 83iaFeh 210 J'ne 20 Jan dgiaFeb 92 Jan 6%J'lT rights.. Foreign Excliange. After opening weak the market for Am Telep Telpref Amer Tobacco, 169 Feb sterling exchange grew firmer, influenced by a good demand Oleve Lor & Wheel, pref. 97 Jan Cleveland & Pittsburgh. 191 May Gold to the for remittance; the tone was easy at the close. Commercial Cable 176 Jan amount of $1,500,0 arrived at San Francisco from Australia Distil of Amer pf tr rects 42>3J'ne 26 60»iJ'ly26 65 Mar on Tuesday and $l,45*J,000 of this sum was made available at Homestake Mining 500 26 J'ly 29 Nat Enam<fe stamp 36 Mar !N"ew York through telegraphic transfer by the Treasury. 100 47 J'ly 29 50 Jan New Central Coal To-day's (Friday's) nominal rates for sterling exchange NY Dock, pref 60 54 J'ly 30 57 Feb 25 NY 166>«May were 4 84}^@4 85 for sixty day and 4 87 for sight. To- OntarioN J Telephone... 200 155ViJ'ly28 Silver Mining... 4 J'ly 25 G^Mar day's (Friday's) actual rates for sterling exchange were 4 8350 i"H8b Ft Wayne Ohlc 17 182 J'ly 27 191 Feb Quicksilver Mining pref 9 Feb @4 8365 for long, 4 8575@4 8590 for short and 4 8620@4 8630 St L <& San Fran stock tr 100 6% J'ly 27 CJommercial on banks, 4 8315@4 8335, and docufor cables. otfsfor C& EIU pref.. 100 126 J'ly 30 125 J'ly 30 125 Apr 131 J'ne ments for payment, 4 823^@4 83^^. Cotton for payment, 4 82^ Ontslde Market.— Trading in the market for unlisted se@4 82'5g; cotton for acceptance, 4 8315@4 8325, and grain for curities has been on a small scale this week, but the tone has payment, 4 83} ^'©4 83%. To-day's (Friday's) actual rates for Paris bankers' francs been decidedly firmer in sympathy with the improvement were 5 19sg^5 18;^ for long and 5 16J^t@5 16^^* for short. in the general market. A feature of the trading has been Germany bankers' marks were 94 15-16t(^9415-16 for long and the activity and strength of American Can issues. The pre95 5-16@95% for short. Amsterdam bankers' guilders were ferred stock opened on Saturday at 37 and on Monday sold down to 34, then reacted, and on Wednesday sold as high as 41; 40*@40 for long and 40>^@403^** for short. Exchange at Paris on London to-day, 25 f. ISJ^ c.@25 f. on Thursday it again fell off to SS14 but recovered to-day to 29; the common advanced from d% to 4^, but yesterday re13 c; week's range, 25 f. 143^ c. high and 25 f. 13 c. low. acted to 4]^ and closed to-day at that figure. After a further The week's range for exchange rates follows decline of 15 points to 580 on Saturday, Standard Oil stock de-snort. -Long.-CaiUt.veloped strength and recovered to 630, dropping back later to aurUug Actual— High... 4 8365 -» 4 8376 3 4 8610 4 8635 » 4 8645 4 86 625. There has been a comparatively small demand for NorthLow.... 4 8330 9 4 8365 3 4 8575 8576 9 4 8590 4 8620 9 4 8630 ern Securities stock this week, total transactions amounting, PmrU Jiank4ri lYanes— it is estimated, to only about 9,000 shares; the price moved High... 6 19% @ 5 IS'h* 6 IBTgt « 6 16^8* IiOW -S 6 19% |5 19%t 6 16^8' 9 6 le'st down on Saturday to 85 Jg, but later recovered, and on 94rwtan' Banlcera" Marks— Tuesday reached 89 J^ on Thursday there was a reaction to High... © 95t « 967l8t 95% 94'»,e which btrangth again developed, and to88, after IlOTT.... '9 96% 94^8 @ 94"l8 955l6 day the price touched 90 J^; the close was at 893^. At^tterdam Bankers' GuiltUrt— 40i« High... 40< « 40 « 40>4»* Havana Tobacco common suffered a loss of 5 points I<ow.. .. 40' 9 40 40"* » 40J«»* to 26, but recovered to 27>£. Hackensbck Meadows •* i»j I'M* * ol <fe <fe <fe : . I 1 | | I I I ; I I I I 1 I of 1%. he 1%. t »8t of 1%. »», ol 1%. Plofl H ha of 1%. The following were the rates for domestic exchange on New fork at the under-mentioned cities to-day: Savannah, buying BOc. per $1,000 discount, selling 75c. per $1,000 premium; Charleston, buying par, selling $1. per $1,000 premium New Orleans, bank, 50c. per $1,000 premium; oommerolal, 25c. per $1,000 premium; Chicago, par; St. Louis, 3 )c. per $1 .000 prem, San Francisco, 10c. per $100 prem. State and Railroad Bonds,— No sales of State bonds have been reported at the Board this week. The market for railway bond?, has recovered from the depression noted last week and a substantial advance has : ; ; moved down in the week to International to 6, Silver preferred sold down a point to 40, and today was offered at 35 without a bid. sale of Faei Oil Power Company stock was reported on Tuesday at 5, the last previous sale was on Saturday at 28)^. United States Refrigerating was offered to-day at 10, while sales were reported yesterday at around 21. Greene Consolidated Copper moved down 1^ points early in the week to 17^, but subsequently advanced to 19!.^. Tennessee Copper advanced 2% points to 26\^. White Knob gained 1^ points to 10, but later reacted to 9. Outside quotations will be found on page 244. 314, biit 3^ of subsequently a point early advanced A . New York Stock Exchange— Stock OCOUPYlN«i STOCKS— HJSIli.\ST AyO LOW£ST StUurtiav July iS •30 Moniiav July i>7 i!5 •30 •58 t>4 (>2 }Vfdnesdau Trttsiiav July A L K PRICES •30 Juli/ 35 30 62 30 •58 36 62 61>4 63 . Record, Daily, Weekly and Yearly TWO i'a«;e.s STOCKS NKW YOUK Friday July 31 Thxirsdait July jy -JS '00 •30 •58 6i 63 14 65 35 65 66 90 S3 i: 2 1 . . . Year 2903 J.'ange lor A'd/if/e On oasis ol lOO-sUarelots STOCK KXCHAXGE Lowest tor Jhrevxoui year(iyui') Lowest Jiig/iest JJ ighcsi Itailronda. '30 '58 6I34 8838 35 AnnArbor 33 Mav23 41 .Tan 10 33 Feb 4334 May 62 Do pref 60 J'lyU; 69 Jan 21 4 64 »a 63 >» Atcli. Topeka cfc Santa Fe. 208,605 61i4J'ly30 89^8 Jan 10 63 Jan 77i«May 7414 Jau 96=8 Sep 87 «« 89', 90 88*4 89 la 8834 88 89 Ho pre( 7,746 87 J'Jyli; U)3i.jJanlO 95 1-2 Jan 106 Is Sep 82 -V 83^4 82 S» 81 "e 83 7g 83 S2-8 83^ 82 -8 83 'a Haltiraore & Ohio 64,200 79S2J'uel(i 104 Jau 92=8 1)00 llSSs^^ep S6 86'-, 84 85 's 86'. 85 85 ^ 8614 S534 86 Do pref 25,630 82^4 J'ly 963, Feb 1 92 Dec 99 Si>p 45 -s 41 "-J 43 46 '2 44 45 4415 453. 41«a 45', 4614 Brooklyn Rapid Triiiisit.. 5 1,805 41 J'ly 24 71 45 Feb 17 5434 Nov 7238 J'ly '8 13o 135 185 146 '135 143 135 140 Buttiilo Koch, ifc Piltsb'g. 100 124 .Jan 150 Feb 9 110 Apr 128 Ami; •140 156 140 156 140 156 '140 156 Do pref 145 J.an 1(» 160 Fob 9 139 Apr 145 .•^i)! l'.*0»4 123 121 123^8 122'i»128>5 122^8 123'V 122^1 123 12-i<8 123 / lauiuUan Pacitlc 29,445|117SiJ'nelO 13834 Feb 10 112 14 Jan 1451.1 Sop •60 152 60 >» tUK 61 14 611. 61 61 "g 60 Si 60 >2 60 601-j V .'a iiarta Southern 2,.S00| 60 J'ly 11 78 Si Jau 71 Dec 97 M:iy •155 160 isyi-j 162 15ri'al;''y-'. '157 161 161 161 '4 162 CVniral of Xew Jersey... 163 156 Si J'ly 27 190 Jan 19 l'J5 Nov 198 Jau 1, o.;i4 32 '4 OS's S-J 32 >4 33 '8 00 31 32 14 33 32 '8 323,. Chesapeake <t Ohio 1 1,635 31 J'ly 24 53 Si Jan 19 42=8 Dec 57 'a Sep 20 '4 22'* 22 '4 2l)>« 21 Hi 23 "a 22 2134 22 2134 -22 Chicajfo* Alton 9.170 lO^aJ'ly.M 37 '4 Jan 2 9 Si Dec 453s J Ij65 65 66 66 66 6»> 66 •64 66 6434 65 66 Do pref 1,210 6434 J'ly 30 73 '8 Jan 68 Nov 79 Jlv •170 200 170 300 •170 n70 170 '170 200 '170 200 Chic.igo Burl ifc Quincy.. 10 4170 .riy29 ?184 Marl 4191 J'ne 4205 Jail 105 105 '112 130 125 125 Chicago ifc Kast. 111., pref. 200 105 J'ly 25 138'4Jan 136 Si Sep 151 J'ly 14'% la's "Va'i^ ii', 14'8 lo^ 15^8 ISflB 15 '8 15 la Chicago Great Western.. 16,780 13 Si J'ly 27 •29=8 15 15 Si Jan 22 Dec 35 Aug •85 88 Tg 86 •86 •85 89 •85 89 88 '8 •85 87 89 Do 4 p. c. itebentures 86 14 May 2.- 90'8Janl3 89 S; Nov OSViJ'ne •70 TIS, 72 74 •72 •71 74 74 74 74 la 71 "285 71 MayJt S5>aJan 74 Do 5p. o. pref. "A".. 81 Si Dec 90 14 J'ne 3-2 >< 33'4 31 32 31 32 3238 32-'^ {3358 33\ 32 '4 32 14 Do 4j). c. pref. ••!$".. 1,310 31 J'neHi 4 6 "g Feb 33 Dec 5134 ISS^i 140>-i 138 '4 142'. 141 142^ 141»8l43 140\ 14214 141 141' Chicaso Milw. & St. Paul. 122,010 137 14 J'ly 24 183'4Jan 7 100 Jan 19834 Aug Sep S> • 1734 I73I4 17O'al70iv 170>-jl70^? 170 173 17213 17234 '171 173 Do pref 790 169 J'ly 15 194 14 Jan 186 Jan 20034 Sep lei's 163 161 164 16t'-jl65''4 165 >" 168 165 168 Chicago & North Western 6.643 160 J'ly 24 224SiJanl4 204 Jau 166 166 271 Apr 'e 200 »8 200 "s 199^8 200 200"^ 200 la 200 2001a 200 200 Do pret 730 19.S J'ly 10 -'50 Jan S 230 Jan 274 Si Apr }200 200 Chic. Rock Isl'tl A Pacuic 30 147 J'ly 20 200 '8 Jan 9 152 Jan 206 Sep •120 130 •i'io" iso" }12^ 128 4122" i-ii 125' Chio. St. P. iliun. 121 121 i-ii" 210 117 J'lyU 162 Jan 21 140 Feb 170SiApr * Oni. •170 ISO •170 180 '170 ISO '170 180 •170 ISO '170 180 Do prof 190 May 11 19 Jau 5 19479 Nov 210 Apr 93« 11 10 S» 10 Vj 11 Ilia llHi lOia 11 II 11 Chicago Tenul Transfer. 934 J'ly 27 19 -8 Jan 9 4,770 15 Dec 24''8 Aug 18 19 18 20 21 21 18 21 2014 19 19 191a Do pref 3,380 18 J'ly 24 3t) Jan 8 29 Dec 44 Sep 4 4 4 4 -4 4 4. 434 438 43). 4 "a 413 Chicago Union Traction. 3 May23 17 'a .ran 12 1034 Jan 23 Apr 1,226 •31 •32 35 35 Do pref 30 May22 5034 .Tan 14 4434 Mar 60 Apr 70 71 TO"* 72 721, 74 72 73 71 71 71^8 Cleve. Cin. Clue. <fc St, h. 10,960 70 J'ly 25 9938 Jan 6 93 Nov lOS-isAng 731a •100 115 100 115 •100 115 •100 115 Do pref llS'sJ'ne 8 119 J an 2 118 .Tan 124 Is Sep lliu 1334 14 1334 14 14 13'a 14 1334 lo's Colorado* So., vol. tru.si 5,580 10 J'ly 24 31 'a J.an 10 1418J.1U 35=4 J'ly 51 48>g 49>2 60 50 52 5934 53 52 •>lh 5134 5134 Do Istpf. vot. tr. els. 8,745 48 Si J'ly 27 72 Jan 59 14 Jau 79SjAug lOV, 22 21 I'll 22 '2 22 '4 22 'a 22 22 ' 221a 4221a 22 ij Do 2d pf. vot. tr. ctfs 4.836 20'4 J'ly27 48 Jan 28 Jau 53^8 Sep 160'4lU3'2 162 164'-: 165 166 165 la 1651a 163 166 16318164 2,020 160i4.riy25 183 Si Feb Delaware ifc HiuUson. 153 "a Nov lS4SiJan 234 242 4245 245 242 249 242 249 '240 ioO elaw. Lack. & Woat'u. 1,320 230 J'ly 24 7(>SiJan 231 Nov 297 Feb 22 ".J 22 23 S, 23»4 23-4 "24 -22 la 24 •22 24 24 Denver* Rio Granite.... 1,190 21 Si J ly 24 43 Feb 35 la Dec 5134 Aug ~6^ 73 78 's b'8 7 9 'a 791a 79 79 7334 7818 7818 78 Do pref 2.255 76'.jJ'ly25 9o"-jFeb 86 Si Dec 9634 Aug 17 19"^ 15>a 33 18 20 17^8 191a 18=8 19 18'a 20 Des Moines* Ft. Dodije. 10,189 15 Si J'ly 25 47 '4 Jan 35 Dec 53=8 J'ly 81-j 8 •934 1034 934 11 9'u lOia lOia 410 10 lo Detroit South. vol. tr. ctfs 8 J'ly 25 20:'8Jan 2,170 13 Feb 25 Sep 16-'4 Itfi-i 18 17 •18 18 19 18 2;. •18 21 20 Do pref. vot. tr. ctfs. 800 16SiJ'ly25 3934 Jan 2 26 Dec 48i4Sep •uaig 72 68 'a oS"-.' 69 »8 70 71 71>4 701a 701a 68 Si 70 Detroit "United 1,020 6434 J'nelO 90 Jan 6 75 J'ne 97 Sep 10 «io 9 «10'4 10>4 4612 10 10 9'a 10 10 DulutU So. Shore A Atl.. 9 J'ue24 19SiFebl6 10 Jan 24 Aug 610 12 >2 l-'S, 13 13 Uis 1334 14>a 4L4 14 •13Si 15 Do pref 1,065 12 J'ly 24 2938Febl6 18=8 Jan 3534 Apr 37»4 28^8 27-4 21138 30 '4 29 2938 3018 2834 29»B 2834 29 Si Prie 105,860 27i4J'ly27 42=8 Jan 9 28=8 Deo 44^ Jau 6i> 67 'e 61 '4 66 6738 68^8 6808 691a 68 "a 69 '8 a;66ia 67 14 Li Do Istpref 47,8U5 62 '8 Apr 13 74 Feb 5 60 Si Dec 7534 Jau 44 >a 45^4 46 4S'8 47^4 51 "a 50 SIS; 49 "a 49 la 491a 50 '4 Do 2d pret J 4.750 44 J'ly 24 64^8 Feb 6 41 Si Dec 6334 Jan 52 49 i'dh 48 60 53 52 44Hi 52 50'a 60 52 Kvansv. & Terre Haute. 19,336 391a J'ly 27 72 Si Jan 8 50 Mar 7439 Mar •80 90 •80 *80 •78S2 85 80 85 88 82 79 85 Do pref 200 79 J'ly 30 91 .Tan 8 82 May 10434 Feb Ft. Worth&Den. Cstuip. 50 J'ly 24 7434 Feb 24 30 Jan 67 Si Deo •170 180 •170 180 *170 180 170 180 '170 180 *170 180 Great Northern, pref 173 J'ly 24 209 Jan 22 181 'a Mar 203 Dec Green Bay<fcW..deb. clf.A 77 .VlHrl2 Si>. Jan 9 70 Jan 90 May Ilia 12 Do 3 llSiJ'ly31 27 'a Jan 5 deb. ctf. n 9 Jan 29 Si Oct 74 75 »70 71 73 •75 72', 75 77 77 72 78 1,680 71 J'ly 27 106SiFeb20 66 Hocking Valley ail 106 Ang 85 •80 «86 85 J83'2 83'- •82 86 84»4 80 .". 82 Si 82 'a Do pref 490 80 J'ly 30 99i4Mar 2 81 '8 Jau 9838 Dec 129 ISO's r28'-2l32'4 131 13234 1321a 133 13134 132'a a;129S2l30 125igJ']yl5 151 J.anlO 137 Jan 173HiAng 14,246 Illinoi.s Central 17 17 16 18 '18 18 18'a 20 19 18'a 17'a 18 owa Central 4,020 16 J'ly 48 .Tan 12 35 's Dec 51*4 Ang 34 32 32 34 >« 34 >« 35 34 34 34 34 Si 34 Si 341a Do pref 5,992 32 J'ly 24 7 7 \ .Tan 12 65 Nov 90^ Apr 27 27 •25 .... •25 •25 30 •25 31 37 35 400 27 J'ly 25 47 S: J an 6 33 "s Jan 501a Aug Kanawha <fc Michigan 68 67 "a 168 67 68 "69'-] J 67 69 68 69^3 itiT'a 69 C.Ft.S.&xM.,tr. cts. pfd 1,085 67 J'ly2ti 8234 Feb26 75 Dec 88 Ang 21 20'^ 20>-; 20 21 21112 "21 26 221a 221a -21 2 2 Si Kansas City So. vot. tr. .. 1,600 18 J'ly 24 36'4.Tanl2 19 Jan 39 Aug •36 •s 38 37338 '4 39=8 37 39 39 37 Hi 39 38 38 Do 1,800 37 J'ly 24 ei'i Jan22 44 Jan 62*4 Apr •20 30 •20 30 •20 20 •20 20 30 Keokuk pief. vot. rr. ctfs 30 30 30 2834 J'ly 20 40 & Des Moines. Mario 13 Jan 41 Sep •46 55 •45 00 •45 •45 45 •45 55 55 55 55 48 J'lyl.^ 455 .\pr23 45 Jan 84 Apr Do pref •26 «26 4 26 "n 27 •26 26 •26 30 30 26 26 30 Lake Erie <fe Western 626 2534 J'nelO 53 Jau 8 40 Dec 71 Si Jan •95 100 J 100 100 •95 100 •95 100 •95 100 100 100 Do pref 150 94 J'ly 24 118 Feb 6 120 Oct 138 Feb 334S]Jau " 334 Si .Tan 325 Apr 340 Apr '60" 65 L. Shore & Mich. South'n •55 65 62 •61 •62 60 66 67 -ei" "6*5 Long Lsland 500 60 .I'nelo 83 Jan 7 72 Si Nov Ol^gMav 10234 \ii6\ 102 104 "a 103 la 105 104 '4 105 la 10334 lO.-' 104 104 Ix)uisvUlocfe Nashville 16,410 10134 J'ly 24 130 'a Jan 102i8Jan 159SiAug 132 \?,iH 131 Is 133 132 '8 133 Is I32I4 133 '4 13214 133 132=8 134 Manhattan Elevated... 20,722 129i2J'lyl5 155 'a Jan 14 128 Mar 158 Nov 72 "a 73 Si 72 70^4 76 76 7634 76's 76 79 79 83 etrop. Secur., sub. rec. 9,650 70SiJ'ly24 128^8 Jan 6 109 la May 134iaJ'ly 113 lla't 112 115^4 116'8ll834 llSia 119 117'aH9i» 119 121 Motropolitiin Street 14,910 112 J'ly 27 142'8Jan 6 1 35 Oct 174 Feb 22 Si May 19 38 Jau S 35 Dec 43 Jan Met. West Side EL (Chic.) Do pref 88 J an 20 88 Jan 20 89 ilar 9134 Mar li>9 13 13-8 12 14'4 I314 14 1334 14 IS^s 14^4 Mexican Central... 77,108 11 J'ly 24 29 Mar23 20=8 Dec 31 1* Mar •115 135 115 135 •115 135 •115 135 115 135 Michigan Ciuitral 102 .Vlay20 135 Jan 15 4150 Mar 1 92 Apr '"62" "76' 66 60 60 60 58 la 58 la J'ly 29 110 Minneapolis <t St. Louis. Jau 9 105 .Tan 115 Apr ii33'6 58 "90* 90 88 90 87 i/o " 90 87 "85'-I'85ia Do prof 1,110 85 Si J'ly 31 118 Feb 2 118 Si Jau 12734 Apr 50 50 "a 50 53 53 '4 54 53 53 la *51 51Si 53 53 Minn. S. P. & S. S. Mane, 2,050 49 '.^J'nelO 70 'a Feb 16 36 Si Jan 84 Nov •119 120 119 119 122 122 120 121 122 123 Si 122 125 Do pref 700 109 Si J 'uo 2 132 '4 Febl" 90 Jan 139 Sep -20^ 183* 19 19 20 2038 20 »4 204 •19 20 19 Si 1934 Mo. Kansas <fe Texas 4.120 18 'a J'nelO 3 Ola .Tan 5 22 Si Dec 3534 Sep 3734 38 40 '4 41 '4 36 40 la 39-8 41 38^8 HI) 401a 4108 Do pref 6,200 36 J'ly 27 63 la Feb 10 51 Jan 6934 Sep 97 98 9638 'JS^ 97 '4 98 9734 99 99 98 9734 98=8 95=8J'ly21 Mar Sep •1)0 •90 100 95 90 100 '4 •90 100 Si 90 100 Missouri PaviiflcSt. Louis 84,972 90 J'ly 24 1157gFeblO 9634 Jan 126 Si Apr 90 SO Chatt. & 100 114 FebU; 80 122 •18 20 20 29 Si Nash. Mex., vot. f r. ctf.s 18'a 18 's 100 1718 Mar !• 2434 MayUi cl4 Dec 2134 Sep at. of •36 •37 -a 40 39 38 38 ";;'7"'-i"38 38 38 >« 700 34Si^Mar 2 47=8May27 3134 Dec 4538 Mar Do pref., vot. tr. ctl's IIT'^ 119 lis 12058 120 122«8 12034 1221a 119-8 12134 11934 121 N. Y. Central <fe Hudson.. 83,300 112=8 J'ly 15 150 Jan 10 147 Nov lOS'sJan 22 24 24 2 4 '8 24 2515. 24 25 24 •22 Si 24 Si N. i'. Chic. * St. Louis... 24 40 Nov 57=8 Aug 1,700 21i8J'ly24 45 Jan •100 110 'li»5 118 •103 112 102 112 4100 too *100 11 'J Do Istpref 10 105 J'ly 15 118 .Tan 16 nOSlNov 124SiJan •60 66 62 •60 62 63 63 60 65 65 60 62 Do 2d pref 2,100 60 J'ly 29 87 Jan 19 80 Nov 100 Aug •191 195 195 195 }194 194 195 199 •195 198 4194 194 N. y. N. Haven <fe Hartt. 285 nS7S!May2;> 225 '4 Jan 9 209 Si Jan 255 Apr 22 22 "a 21^8 22^8 23 14 22^4 2312 23 "8 2338 23 22=8 22"8 N. Y. Ontario * Western. 16,SU5 2 1 =8 J 'Jy 24 35 '4 Feb 5 25 '4 Deo 37^58 Sep 6034 62 "a 60 "s 62 62 6334 62^8 6334 6234 6278 Norfolk* Western 62 Si 63'« 12,960 58 J'uelu 76'4 Feb 10 55 Jan 8O34 Oct •85 85 90 •85 90 J'ly 29 93 Si Feb 2 88 86 86 14i) 86 '.iO Do adjustment, pref. Feb 93 J'ly "42' 46" 46 43 44 45 48 44 48 Pacific Coast Co 441a 47 1,860 42 J'ly 27 72 Jan 10 65 Dec 81 Si Sep 481a •85 loo '85 loo •90 100 '75 90 80 100 J'ly 3(1 100 80 SO Do Istpref 286 SO Feb 13 100 Si Jan 106 Mar •52 *52 6S 57 54 60 56 58 55 55 54 54 542 54 J'ly 30 76 ,Tan 28 7 2 '4 Dec 8434 Sep Do 2d i)ref 120Tgl2178 12038 123 1227g 124 1« 12318 124 '4 123 12 4"^ 123 '4 124 Pennsylvania 152,937 lis 'g J'ly 15 157=8 Jan 10 147 .Tan 170 Sep 15 16 15 '18 -18 15 20 21 21 22 1« 18 Peoria* Eastern 1,200 15 J'ly 24 39 Jan 8 30 Nov 471a Apr 75 75 77'4 74 783* 783, 79 '4 Pcre Marquette 75 791a 79 'a 1,760 74 J'ly 27 91 Si May 71 Fob 85 Si Sep 781a 781a -7.") •76 xo •75 80 •75 •75 -75 80 80 80 80 80 Jlay 93 Sep Do pref 63 la 63 68 62 60 63 61 60 62 61 631a 7;6o6 es" J'ly 25 94 Jan 7 SO'gJan 105 Si Sep 63 Si PiUsb. Cin. Chic. * St. L. 1>9 '95 •95 100 •95 100 •95 100 «95 100 May21 115 Jan 17 113 Mar 128 May 99 Da pref 50 14 49 '4 50 '4 *V7" 'Xs<i 46*4 J" 48=8 49 7» 49 49=8 Reading, vot'g tr. ctfs.. leiiisVs 4138.f'nel0 69 '4 Jan 2 52i4Mai 78 Si Sep S1J« 81 "a ?a0'8 80 'e Si •go's 81 80 81-4 81-4 481 14 8 1 '4 Ist pref. vot. tr. ctfs... 1,490 80 J'ly 27 89 "6 Feb 5 79'8 5rar 90 '4 Sep 66 66 6334 46813 681a •65 Si 68 Si •65 60 Is •'6V 925 60 J'nelO 81 Jan 6 60 J,an 80^8 Sep 2d pref. vot'g tr. ctfs. 68 Si 22^4 21 2334 24^4 •J lis 23^8 251a 24-'f. 2318 25I4 23=8 24 Sj Rock Island Company 138,154 20SlJ'ly2') 53 -8 Jan 9 33 W, J),;c 50 la Deo 63 'a 6412 61 "a 6312 6414 65 60 "a 63 63 6234 63 7,290 60 Si J'ly 2 V 86 Jau 9 71 Nov 85 Si Nov 64 Do pref Rutland, pref 55 Apr 6 72 Jan 28 64 Si Dec 1 25 Apr •10 10 12 •10 12 10 12 •10 12 St. Joseph *Gr'd Island. 12 •10 12 9 J'ne 9 15>4.Tau 2 10 Dec '24 '4 Aug '37 40 35 •37 36 36 36 36 37 40 36 700 35 Jly27 58 Jau 5 4934 Dec 81 Si Sep 39 Do Lstpref '16 •16 -17 19 17'4 17 •16 18 '17 20(1 15 May28 24-8 Jan 19 24 Si Nov 42 Sep 19 18 Do 2d pret 18 •tJO 5S ;- *-2 !•> ; '•J i-j 1 U U 1-. • - . . ^ S.> I.J BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS Banks NEW YORK ma America .. 525 Araer Ezch.. 225 Astor 750 Bowerylj .. 370 £ntch'ri*Dr 150 Central 160 Centuryt 175 1, Bid it2H0 405 li.-tuU^ ' Axu City 550 240 1000 390 16.-. 167 c:oionial ',\ Col'imbia? .. Ask Fourth .375 320 Bid ltank<« 14thStreetl|. 270 330 185 188 t367 iiast Kiver.. 160 Eqiutablo ... 90 95 Federal Tf ted' ...Iige' I Cha8« 700 " Chatham FidRlityl, 340 360 i'j'o" 206 CbelneaExc^ Fifth A veil.. 3700 1100 Chemical 4100 4300 Fifth 375 GiUzeuH' First 170 620 640 • Bui in.t .MKed oricci; no sale-* were ma'le oti this tSale at St^jck Eilxctiange or at auction this week. Ask 300 121.518 410 42*6' 140 500 German .\ra^ 160 170 Gerin.an Kx' 400 Gerinauiali .. 600 Greenwich 6300 310 Gallatin Gansevoortli Oartiehl ", llamiltoul; il.UlOVCT lTn|) * Irving 170 550 Trad. 625 6*00" J50 235 150 335 300 600 650 1000 1050 325 340 255 c&Ful 240 Market 250 270 Mechanics' Leather Mfr. Liberty Lincoln Manhattan^! . Mech & Tral Mercantile .. Exch. .Merch Merchants'.. .Metrop new", MtMorriall.. 150 160 250 265 165 170 400 220 175 ."..00 240 JtimkH Mutual]] Bid 290 Nassau' ISO New Araster New York Co N YNat Ex. Now York... Ask I 190 PlazaTI 550 Prod ExchU 30S Seaboard Second RiversideU iijoo 230 295 19lh WardU. 150 North Amer. Northern 150 Orientalll.... 240 200 Pacilicll Park (uew).. 450 People'sll 280 ASK Bid |{ank.<4 Phenix Shoe* 225 17i> 250 465 300 .. Leth. Stat«H ;4th Street.. 12th Wardll. 23d Wardll.. Uiiiteil Vanck II tlOo 500 170 275 625 650 105 700 210 120 120 90 210 600 |l90 675" 180 215 130 95 New stock. it lOx divilnml and rights. .Siaij ijiuKs. I rVt rig.its. > 1..1MH tuja i.j J sJiir is. Trail Co. cortiftcates. c Include.s, prior to May 17, dealings in old Mox. Xat. trust receipt.^. day. t .. Ask Bid Itankn Jefferaonll... 140 1 V August . . . STOC£S—HJOH£ST AND LOWEST SALE PRICES Moudau Baturdav July i>5 56 •65 76 47^8 49 150 l.->-J 70 • 50 •65 50 160 -4 170 70 78 5034 160 60% •160 •18 eiSa iYiday 31 31 Ai\ .;o 29'-2 40 ilh 40'e 43 32 45 30 Si 44 14 45 '•J 31 31 43S; 443^ 31 4334 21-'4 20-'8 85% 20 Sa 21% 853* 85 20 V 84 V •-'0'< 21 20 v:l»ti 20^4 S4 S4Vi 83^4 85 85\ 85 Vj 25 >a 115 25 19 '24^4 2\r>-j 26 26^8 14 3 Si 213, 86>4 Si "Vs' SL •60 70 49 V 50 150 165 14i« 14V the STOCK EXCIIAXGE Julii :il 14>.j Sales 01 NEW YOKK 56 65 49 155 Thursday July 30 STOCKS 13»4 13^4 13=8 14 31 13'4 Wednesday July 29 Tuesdav July 26' July J? 68 75 49 170 5ti •65 4S •155 1 1 ' ' Stock Record— €oncluded~Page 2 1903. J 1, V J LAS 237 Range On basis Ueek. Shares Fr.JPM&COCtls lor Year 1903 ot 100-sliare lots Lowest Highest .T' ly25 7.t Do l8t pro! Po 2d vref. 600 56 .!' ly 6,22.'> 1 47% J' ly 2 400 150 J' ly2 C.cfcE.l.comstuck trctla 1,400 13V.T' ly 15 14V St. l^uis SouUnvesterii.. 31 7.450 29 V .1 ly 2 Do vr*'' 44^. Soiiiheru Piicltlc Go 186,130 39 V J' lv24 .1 ly 24 20->4 Southern v.tr. cfs. stiupetl 41,36 2l> 85 3,841 8334 J ly Do pref. do lie 10 85 51. A O. stock tr. ctfs 8,s"5'(') 24 V J ly24 "^IV'sas & Pncillo lis I hiid Avoniic (N. Y.) lllVJ iy2i " "300 20 J lie 10 24 TkUmIo RailwHvs & Licht 21 18 .1 ly: 1 .65 Tol. St. I,. & W. V. tr. clf.M 2'' Do prif. vot. tr. ctfs. 2,0.'0 25 J ly 9:.' Twin City Kapid Transit. 2,450 8734.!' ne 155 J no 2 Do i)ri't 7"5"' uiloo".") 72VJ Iv 24 Ifnion I'iioitio... 85 ' 3,300 84 J' ly2 Do pn-f 13' Unlrliysilnv'totSaut'raii l.dOO 13 J iielu 42 Do prof 9,875 35 J .1 '_'5 •110 •J-J IS •J 6 95 l'4»4 *78»4 "76 Hi 115 25 IS 26'a 27 U5 94 112 •22 18 723, 84 •10 35 85 '4 IS 42 22'- 14 '< 86 15 30 40 •20 2034 20 o5"t< 13>-j 46>-j 37 3 5 '4 14 S4»-j J30^ 14>2 48 SC*. 16'e 10 Si 3B>a 37 ••J2I 3> 31 '< 8;; 30 •Sti *2o •ITt 37>-l. 5^4 2-2 >4 6 22>u SHj 4 22 >a 2138 23 •15 89 '4 8912 M\ 91 •90 100 •70 93 Hi .llSSi 115 118 118 *5 •69 65 69 190 200 •e-a ISHj 14 1S2V1 185 101=8 1051* •26 27 •78 Hi 79 •20 23 110 93 H»a 64 45 40 43 100 13 >2 15 ISIH* 185 103 105 25 Ha 26S2 78^4 160'fc 3434 9^ 3514 3534 102 15 84 125 74 ISio 20 >« 123 70 42 "a 80 •200 25 93»4 t;4'8 i'j 25 85 65»4 I3J4 4>3 •&S 6^4 40 44 801a 81^2 200 200 23 2434 27^ 102 7 49 10 42 22^ 2334 693, 707e| 39 108 •22 25i«"25i4 •iVs 83 >8 83 >4 160 166 9834 6'8 7712 IOW2 481a 7 69W) 34 100 23 3714 38 >4 ;:7'.j 38 Si 36 V 3734 37 37 V 15 15'i 1 1,>V 15 29 17 3738 221 1 30 Si IS 381a 3334 176 •5 4 ..„.. 23 7 '2Sj 34 84 14 30 85 85 31 90 •25 180 6 2534 77»a •185 82 170 172 21 6% 6 --J 24 8 30 23=8 9 Si 1334 26 10 30 1934 534 4'.» 29 Si 29 >•> 17 V 17% 37 Sa 38 221 42 V 4 17 43 91 49 •29 "« 17 4 4 18 18 6% 6% 28 24 V 10 36 18 1334 24 9V 81%; '» Do 19,010 pref Wheemi!; & Lake Erte Do Do 50 30 2,23(1 Islpref 2(1 pref 18 Wi.scoiisiii Cent. v. tr. cfs. 3734 37', Do prrf. vot. ir. ctl.s IniliiNlrial Sc .>li.scvll •221 221 Adaiii.s Kxpri'.ss 41% 33 84 2;'-'j 90 35 185 Aruenoan Cotton Do 3,625 Oil il .Vnierican Gra.^s 'J'\vin» Amer HiileA Leather Do pref 16 1,800 900 5,275 3,211 *30 36 Do pref •18 18 '4 American Locomotive... 83 V 83 V Do prel *2V 4 .\mencan Malting •14 15 Do pref 4234 4234 Amer. Smolt'g & Kettn's. 90% 90% Do 90 68 A & i 8 99 r 202 25 83 206 208 25V 25 V ~ 83V 831. 483 •203 65 Si 14 12 V 67 16 10% 12% 65 V 66 V 14 14% 66 31 68 32 31 2Si 12 12% 65 V 66 1334 14V 67 V 32 V 67 32 66 31 40% 3 4138 -2 3334 40% 25 *6 26 10 27 27 6634 '2 2Si 39 Sa 4034 30 •27 100 7V 8034 ll'fe 1034 5034 1018 1134 11 49 V 51 llSa 10% 37 39 3534 36 24 V 24% 72 V 73 V 714 211 23 83 105 52 24% 71% 73 2334 36% 35 Si 3934 102 } 102 •2Ha 26 100 22 100 734 -- 81V IIV 11 3934 103 24 V '208 213 26 79V 83 Pullman Company 1134 Uepublic Iron 7V 7934 9 45 lOV 35V 23 V 71% Vdo 1 33 3 105 SOV 3334 '25 •98 I Jo 215 185 83 215 84 186 215 83% 84 172V172V 160 I71I3I7IS1 1H5 169 170 ... A Foun. United States Express... United States Leather Do pref U S Realty&Constrnction Do pref Do pref United States Steel Do pref . ., 32 99 2234 34 BVirginia-CaroUna Chem. Do pref_ 2234 Virginia Iron Coal luov Vulcan Detinning •185 84 170 •165 215 84 170 175 prof WeUs, Fargo est'n A A Coke Co... Union Tele'gph West'gh'seElAAltgassen Do 1st pref J'ly 30 Jnn "i 66 .liin 7 OSV Mario 36% Jan 96 Keb 9 96 V Jlar 43% Feb 111 12S% 5/0 6.375 3,101 " '8'o"u 20,723 3,199 16,540 0^0 lOu 250 250 200 10 3,290 4,0711 3,945 2,545 1,79^ J'ly 24 J'ly 15 OV J'ly 14 44 V J'ly 22 40 J'ly 27 100 J'ly 22 13 V J'ly 2 4 181V J'ly 15 103 J'ly 2" 25 V J'ly 27 35 V J'ly 27 98VJ'ue 9 11% J'ly 27 330 80 V J'ly 24 118 J'ly 25 70 J'ly 25 18 J'ly 27 92 J'ly 24 40 J'ly 27 80 J'ly 24 196 J'ly 15 23 J'ly 27 80 JMuyl4 95o 1,100 1,610 440 7,100 7,320 44,S30 9,056 3,170 24 "v Dec' 55 V -'^lai 10 V J'ly 25 64 J'ly 27 12 J'ly 25 60 J'ly 2 5 26 79 J'ly J'ly 134 J'ly 36 J'ly 25 J'ly 4V J'ly 24 350 300 Aus; 80 .Sep 81V Sop 1 >ec 41% Aug Dec 98 V Apr Mav 93 Nov 8934 90 37 1 t 3234 Feb 1 4134 ( Sep Fob 2134 Jan 37 17 D»!C J an 49 V Jan 28 Jan 19% J an 39 V J an }198 J'ly 53 Nov 28 V -^pr S5'4 Jan 30 V.Ian Sop Oct Si^) Aug l'"eb A ug Aug Oct Nov 38% Sep 54 V Sep 30 Sep ',1 Apr 2% Sop ('>(> 4 31 573^ Aug Aug '^240 Oct 79 F«tl 37% ()(Jt IKi'sOct 'a Apr Apr 265 62 V Aug Aug 5734 99 4 2% May Oct 43 V Sep 1 334 31% Jan 67 Jan Apr Mar 36% Apr lOOVApr 28 58 7 29 VMay Sep 49% May 100 V J'ne 135 101 Oct Oct 135% Mar 122 186 Aug Apr 17% Jan 80% Sep 80 Dec 146 Feb 225 Jan 21 210 Jan 253 Aug 15 V Jan 29 7% Dec 14% Apr 55 Jan 6 41 J'ne 53 Sep 125VFeb25 S2VJan 6 7334 AuK lloVApr Jan 3 S130 Jan n40 Mar 22 V Feb Is 14% Jan 24% Oct 222 Jan 7 205 Dec 23034 Apr 119 Jan 2 114 Dec 126 V J'ne 35 Mar23 2634 Dec 3838 Mar 85 '8 Jan 19 79% Dep 90 Mar 3434 Jan 6 27 Dec 33 Dec 204 Feb 16 0170 V Oct 334 Apr 19% Jan 16 V Dec 23% Mar 74V Feb 6 70 Dec 77 V Jan 73 Jan 19 49 Dec 199 Apr 46 V May 8 40 Dec 57 V Mar 89 V Jan 12 82 Dec 95 Oct 13 Mayl3 9 Oct 19 Apr 47=8 Feb 17 40 Nov 53 V Mar 100%Mayll 10134 Dec 109 V Apr 29 V Feb 151a Jan 32 Sep 95 Feb 10 78% Jan 96 Oct 177 Jan 2 148 Mar 196 Apr 124V Jan 7 88 J an 134 Sep 4234 Jan 7 37 Nov 49 3e Mar 108% Feb 10 98V Jan 109 V Sep 6534 Jan 26 39 Jan 63 V Oct 95 Feb 20 8234 Feb 96 V Oct 23534 Jan 14 215 Jan 250 Apr 37 Feb 9 24 Apr 38 V Sep 122 Feb 25 22% Feb 18 80% Feb 18 30 Feb 16 80 84 V Feb 17 72 Feb 25 97 V Feb 18 63 J'ly 29 V Jan 90 24 8 300 6 V Feb 11 27 68% Mar21 17,300 " 25 4034 Jan 1,300 25 15 Jan 19 500 68 Mayll 7934 Jan 8 7 J'ly 7 15 Feb20 43 J'ly 9 55 reb25 9334 J'ly 27 150% Feb 4 225 634 J'ly 25 15 '4 Febll 10,2 90 77 V J'ly 2 7 9 J'ly 23 44% J'ly 31 7 J'ly 27 30% J'ly 27 2l3ijj'ly24 68 V J'ly 24 32 J'ly 30 99 J'ly 30 22 J'ly 20 23 J'ly 22 .39 Dec 56 28 J 'ly 27 Feb 8(! 2i;VJ'nclli 4 1 V .Ta 11 32 V Jan 178 J'ly2l 235 Feb 210 Jan 6 J'ly 29 29% Jan 27 Dec 3 V-T'iy 15 11% Jan 834 Dec 16 J'ly 31 37% Jan 34 Dec 5 J'ly 23 1134 Jan 9VJ'ly 20% J'ly 24 42 V Jan 3(1 32 J'ly 5 J'ly 25 1934 J an ( Dec 1 4 25 J'ly 25 48V Jan ( 39 V Dec 16 J'ly 24 3138 Feb 17 23 V Dec 8l%J-ly24 9534 Feb 17 89 Jan 2 'a Mario 5 Jan 5VFeb2( 15 J'ly 2 7 24 V Jan 10 21 Jan 37 V J'ly 24 52% Feb 17 37 Nov 89 J'ly 24 99 V Feb 16 87 V Nov 100 J'ly 16 126 Jlar 4 40 Si J an :<S J'ly 15 98% J an 20 85 Jan 112 J'ly 20 13438 Jan s 113 Nov 117 J'ly 24 122 Feb 13 115 Jan 12J34 J'lyll 169 Feb Is I6O34 Jan 8 J'ly 28 14% Feb 25 12 Dec OS % J'ly 2 SO Jan 3 73 Apr 4,217 3,660 22,440 4,900 11,703 3,97 80% J'ly 18 V Jan 33 V 48 Jan 35 Jan 4934 122 V Jan 23 107 Jan 129 159 Jan 12 156 V Aiit-' 5!( 1.. 104% Jan 9 93 V Dec 113 V 95 V Frbll 86-% Mar 95 22% Jan 13 20 Dec 24% 60 Dec 6(> 64 V Jan 82%J'ly 27VJ'ly30 100 73VJ'lyl6 9 J'ue24 100 15u 85 V J'ly 90 J'ly 9 Jan IV 93 Jan 16 V Feb 2(1 98 Fcbl Jly24 Jan Dec V Dec 5534 77 65 Highest Dec 5434 2 122 Jan 134 12 32V.NOV 3S 75%Marl2 30 605 78VJ'ue 2,569 2v J'ly 24 8,025 153 J'ly 2 9 J'ly 28 9,820 1,495 60 V J'ly 27 25 0834 Jne 5 400 36 J'ly 22 1,190 n 3534 J '1x24 61 225 190 8,410 .1 II 37% Jan 31% Jan Lowest 1.- I; 100 United States Rubber Do 83Sa 83S2 Steel O lossShelBeld St. A Iron >o Do pref .Standard Rope A Twine.. Tenn. Coal, Iron A RR... Do pref. U. S. Cast 1. Pipe Do pref 2534 7712 185 A I'exas Pacific Land Trust 27 5 V Union Bag A'Paper. 734 7V 7 "8 SOV 481V 81V 10 9 IIV 4934 44 V 47 10 10 10% 36 36 35 V 23 V 24 24 V 73 71% 72% 32 36 V 99 100 V •22 V pref 64% 65 V Do pref 13% 14 Rubber Goods Mf g 66 Do pref 66 V 5V *99 1 Jail way Steel Spring... 26 9,450 , A 202 25 83 ioo SOO .. OV 634 American Ice Do pref •23V 25 9V 9V American Lin.seed 170 Feb 2' 55 V Feb 24 12 J' ly 24 27 V Feb 45 V J' ly27 62 Muv22 29 J' ly2^ 38 V Feb 10 15 J' iy24 29 V I-'ob 9 3534 J' ly 24 55 V Fob nolo 34% J' ly24 1934.1' 600 82 pref American Di.st.Telograpli American Expros.s ! 90 V Feb 24 88 Feb 78 Feb 24 250 4204 Jan 30 235 A 3', 1^^ 1,800 1,160 5,990 5,410 nial;:aiuated Copper.. 147,866 .Vnioncaij Car foundry 9.995 Do pri>f 2,341 A 734 171 175 4 .S.200 \Y''al>"sli pref 100 American Snulf S3 9 Do prel 116 H7>4 115%117'4' 114 '4 11534 115V116 American .susar Uelinm.!; Do pref 118'e llS's 118% 118%|4 118 V 116V •US lll'V '129 131 130Vl;l2V 131V131V •13034 132 V Amer. Telepli. Teles... )j '8 10 8 8 11 -Vmencau Woolen 47% 7% •69 72 71 74 71 Do pref 6S'b 69 •70 V 7234 7234 72 74 Anaconda Copper 72V 74 194 Si 194 Si 19 L 200 •191 200 •192 2UI» Brooklyn Union tfas.. 8 uu.sw. Dock A C. Imp't *6Sj -6V 8 46V 6V 4634 6-<j *43 •43 44518 45V •43 44 44 44 Bntterick Co 50 41 46 44 46 46 Si (Colorado Fuel 43Si 44 Iron... 10(t > Do 100 100 100 pref 133 1434 1334 14 'l3"4 14V 14V 14V Col. Hock. Coal Iron 184 V 185 Consolidated Gas (N. Y.). 184 Sa 185'. 184 185 }184 184 105 106 105 V 106 •103 106 V i;l03V105 Con t n ental Tobacco, prel 2634 27 28 V 28 28 Corn Products 27 V 27 V •27 79 47838 7 9 Si •78 V 80 79% 79 V 79 Do prof 2314 23 23 23 V 23 V 24 Di.slillcrs Securit's Corp, I6O34 161% 162 V 163 15934 163 S> 161 1623, General Electric 1034 11 9 10 V lOV lOV 11 llSl international Paper •63 •63 67 67 67 63 V 63V *62 Do pref *35 •35 •35 •35 46 45 45 45 iDteruational Power •35 •35 35 35 37 37 S7 Internat'l Steam Pump.. •76" 80 •70 •70 74 74 80 77 Do pref •8 12 12 Manhattan Beach •8V 12 *8Si 12 43714 37I4 37 36% 37% 37 37V 37V National Biscuit 100 101 'lOOVlOl 'lOOVlOl Do pref 1^ 100 •1334 14 V *14 15 Xational Lead 13V 14 13Sj 14 •82 •82 *82 84 83 83 V 84 86 Do pref 127 128 126 1271;; 126 128 125% 126 '4 New Y'ork Air Brake. 72 V 74V 75 76 V Xortli American Co., new 72 Si 75 71% 73 2034 2034 20 20 V 21 20 V OaciUcMail 21 21 94% 95 V 93% 9434 9334 i)33^ eop. Gas-L.A C. (Chic.) 94S» 9538 44 '2 4453 44% 45 Pressed Steel Car 44 V 44V 445 44 S3 Do pref 83 482% 83 *»0V 8234 -80 V 82 '4 80% 8314 '. V 40 V 33 3334 32 V 85 85 84 29 27 V 30 •85 85 85 •25 *25 35 ISO 185 •ISO 6 6 6 83% 84 2 Si •21a 3% 15 15 V •15% 18 44 42 V 42% 421a 90 90% 89V 90 •90 120 *90 130 87 Si 93 Si' •87% 93 84 80 215 "a 6 434 •10 21 90 34 Sa 85 31 85 35 185 3% 7 4!% •15 41 4SV .< 43\ 35 1S5 Si 221 00 221 41% "43 "4 40 224 33 83 Si 30 Si '84 •25 '4 49 50 30 Si 30 Si 1718 18 37 Si 39% Si 40I4 .-. •98 37 103 23 41 21 80\ 71% .1 2134 9334 7^2 52 10 30 14 39 H; 22 14 24 8534 13 V 21% 21% 65 14 6S 33 40 "74 V 2-."4 64 Hi X93 V '4 11^4 36 85% 42'-: 421 29 22 1134 2 lo 40 76 40. 2238 81 2 "74 V 85 U3 213(, 80^4 IOVj I2I4 2534 lis • 221" 25 " •19 23 29Sa 30 95 V 4 95 '4 14 41 1334 5 4n>9 9 31 •185" 94-^4 40 26'2 26 79'i! lO^li lOf, 124 lo 74 20 Sj 120 70 IS 321-j 79 10 38 11 'e 14S. 47934 7934 63^ 63 31 2'3 24 3713 39Vi 25 9Hj 36', 92'u 44 80 >4 202 •tl 10 "2 llHi 12 60 11 63 100 100 •80 9234 7d3j 23 21 153 10 60 14 40 75 12 14I2 84 »G9 72 74 68 190>2l90i2 40 70 •8 •35 •99 115H2 II8H2 43434 159 157 10 63 •40 •90 i'13' 8 42 >2 41 38Hi 90I9 91 8»a >, 85 Hi 85 >a •U 18 39 41 19 84 Si 4134 118 28 75 V 85 Si 86^8 76*4 1814 15 15 118 10 70 7434 83 4 4 17 30 >" 96 83 >4 -2'.) •2\i 9534 1314 17 81VJ 17>-j 30 96'-' 28 28 82 31 95 28 28 16»4 213. 634 25 82 •20's 4713 48 7»2 25 22'-. 45 V 46 25 }25 16 17 3534 37 "u 20 23 18'8 2 7 Hi •USi 16 225 •221 224 3714 403s, 40 K: 30 33 32 82 -^j 82=^ 83 V. 29^4 30 31 90 82 88 25 35 35 186 180 180 8 7 3»8 25 llf* 2534" •112 113 23 113 "22 »4 14»4 5 b • 75\ '26 i^'"ij?" Range tor J'reuiou4 year(iyoi) May 12 Apr 15*8 Jan 68 Jan 17V Feb 90 V Oct 2434 Sep 83% Sep 25% Apr 74% Max 83 Sep 80V Maj 95 V Sep 4 Jan 8% Apr 49 V Dec 74% Apr 35 Jan 44V Feb 11 V Nov 18 V Apr 72 Jan 85 Apr lOVMay 17 Oct 42 May 59 Sep 97 Jan 160 Aug 10 V Dec 15 V Sep 79% Jan 91% Sep 20 Nov 32 Oct 64 V Nov 75 V Oct 14 Jan 19% Oct 49 V Dec 64 Mar 76V J'ly .5,564 19,940 31,764 6,454 12,835 119,1.70 87,647 26,925 4,179 9634 28 V Jan 73 Jan 19% Feb 10 Feb 10 39% Feb 5 58 Jan 7 66%B'ebl9 8934 128VFebl8 39% Feb 2 5 2934 79 54 120 Dec 4634 Jan Dec 9734 Jan Dec 76% Apr Dec 134% Sep 3334 Jan 9 29 V Nov 33 V Not 17 Si Jan 19 78 V Oct 81 V Dee §191 J'ly 14 249 V Feb 6 4185 Jan 4255 Aug 1,866 81 34 May25 93 J«B 14 8434 J'ly 97 V A«« 160 J'ly 30 221 Jan 169V*un|233 Sep 810 " 615 165 J'ly30|224 Jan 7 180 Jan)234 Apr BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS Bid Ask Bid Ask Trust Co's Bid Ask Trust Co's Bid \Ask Bid Ask Banks 1200%' Windsor Exchange Tr BKOOKLT.V Mut.AUiance 240 260 \H-ccT c;.ior N. T. CITY Farm LoATr i'4"6o" 1500 N Y LlteATr 1150 1'200 560 Manufactrs'. 350 360 V. Fifth Ave Tr 580 ..w 250 Bankers' Tr. 325 375 Meclianicall 225 600 N YSecATr 1300 1350 BROOKLYN i Brooklyn Tr 430 450 Guaranty Tr 715 740 .. 375 Merchants'.. 115 Bowl'gGreen 215 225 North Amer. 285 290 190 200 Flatbu.sh Guardian Tr Real Est Tr't 390 410 Nassau BroadwavTr. 150 153 360 180 BROOKLT.S Franklin .... 370 375 355 550 Knick'rb'k'r 890 900 .StandardTr't 340 Nat City C'lR'tyBATr 305 315 310 Atlantic 1i... 105 Hamilton North SideT; 215 220 Central Tr'st 2000 2250 Lincoln Tr... 360 Tr Co of Am. 260 Borough"' 410 435 Kings Co 50 125 McV'ck'rRty 240 250 TrCoof Rpbc 45 People's^; 215 City Trust... 340 360 BroadwavT.. 300 Manhattan .. 500 355 17th Wardi,. 140 Colonial Union Tru.st 1400 1425 L Isl LATr. 25'6' 305 B--'-'--' -.-1 Nas.san 135 Mercantile .. 1000 1100 USMtgATr 450 Sprague Continental 625 210 V « People's 360 in 140 Merchants'.. t240 Stuy v't Htsl 175 tl573 Ea.stern Tr.. 155 165 U^nit State.s Williamsb'g. 270 276 80 225 2"4'6 Metropolitan 600 G20 Union;] VauN'dcnTr Empire State 160 150 FiTii 380 Wallaboutli MoctonTrust 140 Equitable Tr 700 725 UI25 Washington. 400 • Bid and asked prices; no sales on this day. Less than 100 shares, t Ex rights, it J. P. .Morgan A Co. certificates. 1 Sale at Stock Eichan ;e or at auction this week. Ex stock dividend, s Trust Oo. certificates. • Banks marked with a paragraph (^l) are State banks Banks Bid Ask Wa«h.H'lit«T. 200 — . . •{ S New York Stock Excliange— Bond Record, Friday, Weekly and Yearly KOUK HC'CUHVlNtJ B«»M».-. /VllV Friilav STOCK KXCHANGE Week Kniunc. Ji'lyoI N. T. S S US US U S OS re,«i3lered iliUS V S 3s coupon fcllUS U S 3s res small bouils-.fcJtUs U U Ask\Lou> 107 >s lOO^g J-ly -03 106^l07S.ll06»4 J'ly'03 100^4 IOS'4 107-14 07 107 i"o6>a!!!"! 107 1 nosjiimj HI >•> '4 rescisterci AliiOTj -is coupon ftiyoT -Is resistere*! 19'J5 1S>-."| 1904 1904 ForeiRii tJoverument MS f rautLlort-uu-AIaiu o^s U S ot Mextoo ser 1.. 7'hfse are price S 8 f tr Js ot ISUi' oil 94 the basis 01 95 CU»s0 4s Currency tundiuit 48 19-Ui J-J Bos 19'_'4 F-A Dist ot CoUimLiiu 3-05s Loujsi.kuu utiw cousol 4S..1914 J-J KeKistereil tisdtilerreil Brown Bros lOS^e to do lie 964 n the $6 0/ liar. 98»s £. to 120 121 Mar'03 100 Apr'03 109 4 Feb' J-J *93»!i. 97 94 94 14 94 14 94'4May'03 98 4 Oct '02 7 7'BJ'ne'Oo clfs. 121 106 121 106 104 N'ov'02 1304J'ly'Ol 120 Mar'OC 94 J'ly'03 A-O '6 12 Uailroatl Alabama Cent aee So liy W Hee Sav Fla Jfc See Del <& Hud laba Midi Albany tfe Susq AUcKheuy Valley AeefeunKK ^ee Bull K i!c 1* Allei,' Jc West Am Dock dt Im Hve Cent of N J AiLU Arbor Ist g 43 /il995 QJ Atcli T Jc S Fe geu g 43. ..1995 A-O Kogistered 1995 A-O Adjustment g 4s /ll995 Xov Kegistorud A.1995 Nov Stamped ?il995 .\I-N CUic iSs St iiouis 1st 03..1915 bS Sale "s5">aSal'o 2Hor 1st g53..1940 ID M-S <ic 944 97-»j 87 75 88 14 75 854 864 934 96 14 9 9934 313 92 >a 93 alt it Ohio prior lg3 "23.1925 J-J QJ /il925 /il94> A-O /il94s y-J 1911 P Jun AI DiT Ist g 3 '•j.sl92y Kegi3tereci pl925 P 1. K W Va Sysrel 4sl941 MS <fe .\I-N ifc 92 "8 101 92'', Sale "8878 ^N Kegistered /il925 Mouou Kiv QJ 95>-j 87 >s Sale ChiCife 92^4 N & N Y <Sc Krie ,See Erie R & P gen g 5s... 1937 AU<fc West 1st g 4s gu.. 1998 Cldfc ilah Ist gugos 1943 Boch & Pitts Ist g 0S...1921 192-.^ Consol 1st g Os Buffalo & Southwest See Erie Butt & Susrj Ist rer g ia.dli)ol 95I4 95 4J'ly'03 87 87=8 95 J4 974 87 8934 76 '02 BaUalo Biillalo M-S 115 F-A 124 J-D 116 115 lie's. . J-J 103 1184 115 103 Apr'97 124i4J'ue'03 1253»Jan'03 J-J 124'4l28 125 12538 Bur Cedar K & No Ist 58.1900 Con Ist ci; col truatgos.. 1934 A-O . J'ly'03 120 1934 A-O Kegi3tere»l CKIF&N Wlstgu68.1921 Ll8tgug73....1927 M& St South 1st 53 190« C>ana«la ^2d 5s Kegistered J-J Carb <fc Shawn tiee 111 CaroUnaCent &eeSeab&Koan Carthage & Ad See N Y C & H Ced R la K & N See B C K <fc N Cen Branch U Pl8tg4a.. .1948 J-U Cen Branch Ry see Mo Pac 102 "a Sale 105 lOG 103 »8 102 105 4 105'4l0878 10441014 92 J'ne'03 104 4 J'ly'03 122 4 Jan '03 109 I27I4 127 10884 85 81 Sale 72 4 Salt 80 14 81 7 98 93 72 4 1 IS 893. 103 >8 105 1133.1 1 14 J'ly 'U3 MS J-D A-O M-N J-J J-J J-J J-J J-J J-J J-J & FA 1014J'ue'03 . 128 Sale 1134 1144 110 105 J'ly'Oo 128 128 113 114 4 120 Dec 'O'^ I'JO'sFeb'O 1244 108 lOpig 104 4 10334 IOSI4 100 Des AO A-O AO AO M-N M-N A-O A-O F-4 .\1-S 112 11234 121=8 120=8 120 12441^034 l\S^ 11 1 1064 Dec '02 1064112 Jan 10708 11138 170 178 . JJ H 11641164 11334 11334 118=8 111 11334 11334 1174 H33.J Hi J'ly'03 11334 J'ly'03 09 14 J'ly '03 109's. 126'8 116=3 1 '02 104 Apr '03 1 UOSj. 109 14 1 1114 1374J'lv'9 . 119 4 .Mtty'03 . 104 '4 Muy'u3 1064 i073ii . 119181193* Aug'02 105 . 11034 10934 . 183 Feb '03 115 May'03 IO5I4 10514 110^8 J'ly '03 . H34J'ne'03 1124 1134 112 113 116 112 113 116 117 99 101 112 112 1113^; . . . . IT.: 113 119 130'4 134 101 104 4, Nov'98 May'03 HO 4 May'03 H2 106 ioi'" 108 J'ly'03 10034 Mar'03 lO.S 106 10034 1074 ibs" iV'i" '01 1164 J'ne'03 123 iisiaiVs'ia May'Ol 106 108 1084 1024 ]()9ii 103'8lO9 J'ne'03 Oct Nov'02 104 105 IO5S8 May'03 Ill 126"8 1271,1 J'ly '03 I05«sl05«8 1533 HoSg; 127i4l32S» 118=8 J'ly '03 118=8l'-^5 1424 Feb '02 133 4 May'03 1334 1:53 >» 118 (Jet '02 H53s.\pr'08 ...... 13014 I28I4 101 107 1211-1 1204 10034 101 Is 1 Feb '01 H4i4Sep'02 109 127 4J'ue'03 120 4 J'ly '03 1014 4 luo 107 Jan '03 M-N 127 1271a 1204127 79 9934 108 994 J'ly '02 9979j>ne'02 993,j'ne'02 trust gold 5s 1913 M-S Ft D 1st 4s. ...1905 J-J 77 4 Sale 2002 M-N 1905 J-J 91 94 14 1905 J-J A-O •105 5s.. ..1923 794 7434 324 8&i4Jan'03 72 4 79 683 9/ May'03 93 Jan '03 9434 9434 .jau 'o;^ 4 J'ly '03 734 89 88I4 714 97 88'*893*, 98% 924 93 9434 94341 1054108'* 105 <fc I2714 127 1334 108'4li:^4 127 jMy '03 Nor Wisconsin St P& S 1st 6s. ..1930 J-J City 1st g 68.. .1919 A-O Chicago Ter 'll-ans g 48. ..1947 J-J 132 132 132 124 ChStP& Minn IstgOs 1918 M-N 103 12678134 13114 May'03 137 4 Hep '02 124. J'ly'03 123 744 8alp 714 13018 136<W I3II4I37 120^ 714 86 I23I4 74 4 30 9014 30 .>ll.SCELI>A>EOts» BOiNUrs—Continued on Next I'aae. ?>lrect Street Railway itnilway Brooklyn Rap 'Pr g 58 1945 A Atl Av Bklyn imp g 5s. .1934 J J BkCity lstcon5s.l916, 1941 J J Bk Ci Co <fc S con gu g 5s. 1941 M N Bklyn Un El Ist g 4-5s.l950 F A K!n!r«CoEI l.st g 43....1949 F A 1951 I8tg5s.l9'22 .-'ii!r4» C C t <t ref g4 4-<'51 Con it Cu Ist g 53. ..1933 Den Tram Co con g6s..l910 Met Ry Co 1st gag 68.. 1911 Lien Dfct Cit St Ity 1 St con g 5s. 1905 Gr liapids liy 1st g o3...al9lt; Louis Ky Co 1st con g 5s. .1930 Market St C Ity Ist g6«.. 1913 Met .8t Ky sen col tr g S.s. 1997 J J J J D 101 Jan'99 Apr'03 90 J A 109 14 110 100 1024 99 104 '4 8'.k4 85 854 85 4 99 'e Oct '02 95 J'ne'OO J 109 Mar'98 J J F A 114 price Friday; latest price this week. 11434 114 4 J'ly '03 11334 11334 U334 aDuoJaa rf 1174J'ly'03 117 94 4 Sale 116 934 U6 94 14 "9 31 90 aeia 116 12114 9834 U74121 934 11 7 '4.122 1171, J'ly'03 094 102 la 99 4 Mar'03 106 Oct '99 110 J'ne'02 113 e 109 4 Dec '99 76 70 4 8438j>nc'03 99 Dec '97 84 113 10 11214II7 iiaa and Electric Kiglit Atlanta G L Co Istg 58. ..1947 J-D Bklvn U Gas 1st con s 5s. 1945 M-N H7I4 Duo .May lyDuej'ne A Duo 11334 Due Apr 120 IO9I4 Apr'03 W Nov'Ol J J 904 90 Third Ave Ry Istg 53.. 1937 J-J 112 .MctWS El(CliiC) 1st g43.1938 FA Mil El Ry & L 30-yr g 5s. 1920 FA iMinn St Ry 1st con g 5s. .1919 J-J 104 St Jo Ry Lt H&P Ist g 58.1937 M-N Paul City Cab con g 5s. 1937 J-J Union El (Chic) 1st g 58.. 1945 A-O United RRs San Frs f 4s. 1927 AO United Rys St L 1st g 43.1934 J-J Chic St 40-yr cons g 53.1930 M-N J 103 89 1174 .St J J J J J D St Ry— rCo/URef g 4s2002 A.O Col & 9th Av Ist gu g OS. 1993 Al-S Lex Av & P F 1st gu g 5s 1993 .MS Third Ave R It con gu 4s 2000 J-J 1074 Met 102 102 108 109 110 100 1004' loo 10!J4 100 '2 Sale 99 1004 85 35 85 85 4 Jan '03 Bway<fc7thAvlstcg5s 1943 J D •.i(o 1102 :110 .J'ly • I 107 107 1003iiJ'ly'02 Keok<fe Des Mist Chic&StL SfeAtchT&SaFe Chic St L & N O See 111 Cent Pitts See Penn Co Chic St L Clue St P M & O con 6s. ..1930 J-D 128 103 ' HOibllOi. i054 1044Jly'O3 105 4 Dec '02 114 H5 IO5I4 105 i.t llO's 113 4; 10038 Oct '02 J'ly'03 113 185 183 114 100 103 100 7834 Sale Extension 4s 1039 1364 108 . 110"«. M-N 1917 J-J 1988 J-J 1988 J-J 24s 1 10434 100'-. M-N M-N M& Ist OS H7''8 HI 107 •?s RR 4s..2i)()2 M-N Chic R I <fe Pac Registered 1 113 105 128 10 113 125 1910 M-N 1915 M-N 1916 M-N H4S M4s N48 lOOJa 10438 108 J'ly 'OS 107-\J'ly'03 170 J'ly'03 . I07-S. Q-l- FA 6s. ..1917 97 8934 104 J'ly'03 109 4Aiig'01 100 J'ly'03 IO414 M-N 191 Pac 1014 100 111 1907 1 794 11438 Aug'02 107-8lOO^s .\1-N <fe Incomes Chic Rock Isl ?3ia ioi' 103 4 J'ly'03 <fc Convertible deb os 80 VI 833i Apr '02 1033b J'ne'Uo 10434 ..\i)r'(i(i nil J'ly'03 893.1 893j 101 112 104 98 112 1.. 974 J'no'03 106 4 Oct '02 10034 Illinois Ist 5s.... 19 10 M-S C F & St Paul 1st 5s 1909 M-S Winona St Pet2d7s..l9U7 M-N Mil L S West 1st g 6s 1921 M-N Ext* Imp sfund g5s 1929 FA Ashland Div Ist g 6s. .1925 M-S Mich DivlstgOs 1924 J-J CoU 127i4 8ale 125 99 1044May'u3 103^4 Sale 108i4Sep'02 102 J'ne'99 103 J'ly'03 98 107 10441074 12241224 103 103^4 35 1024109 105 4 Sep '01 69^6 70 Sale 27 694 80 70 25 39^6 28 271 25 264 1912 18 19 5 18 27 92 Aug'02 100410034 10214 Apr'dl May'03 98 98 4 130'4. 94 14 92 HI H4 H44H934 103 1 1 2 Q-F F-A Registered Coll trust Series C 4s ...1905 9212 1004 1913 1st consol 6s Chic &Northw cons 7s 1915 Extension 4s 1886-1920 Registered 1886-1920 1987 General gold 3 48 Registered .)I19S iil987 Sinking fund 6s. ..187 9-192! 1879-1929 Registered Sinking fund Ss... 1879.1929 1879-19'. Registered 1909 Debenture Ss 1909 Registered Debenture 5s 1921 Registered 1921 Sinking fund deb 5s 1933 193M Registered Des Jloifc Minn 1st 78.. 190" MUw<fe Madison 1st Os.. 1905 Registered Cen R K <S> B or Ga col g OS 1937 M-N Cent of (ia HR Ist g 5s..pl945 F-A pl945 F-A Registered 1945 -M-N 1945 Ai-N pl945 Oct Ist pref income g 58 2dpref income g 5s pl945 Oct pl945 Oct Sd pret income g 5s Chatt f>iv pur mon g 48.1951 J-D Mac & Xor Div l.st g 58.1946 J-J 1947 J-J Mid Oa& At! Div os 1940 J-J Mobile Div lstg5s CentotN J geu'lgold 58.19»7|J-J /il987 Q-J Resistered Am D(>ck<fe Imp gu 58. .19211 J -J 4 105 4 1044Mar'03 IO2I4 Sale 1021a J'lie'tll Mity'03 J'ly'03 I3OI4 J'lv'03 General gold 4s & Ohio Consol gold OS Registered 102^4 igJi, 1104112 115 116 12041204 102 105 100 J'lv'03 II434 1143j 121 J-1) J -I) 1913 M-S 1913 M-S Ciut See Balti 1204Mar'03 118 Jan '02 A-O *109 113 4 111 J-D 122 Jl 1004 ibi'" 4110 4 110 4 J'ly'03 106%i 11434 6s. ...1910 10034 105 Apr'OS Ao Low 101 ^ 100 M->; North 121 Jiiyh j"iy"'03 A-O A-O M-N M-N M-S LSu MUi&NolslM L J'ne'02 I02>i 102 '11614 107 1064 J-J Ott J-L> Low 112 112 rfl951 J-J Kegistereil Central Ohio 117 A-O FA FA 194; J-J W 95 914 Apr'OS Sep J-J J-J J-J 75 J 'no' 03 108 XO Div g 5s... .1921 J-J Chic&MoRiv Div 5s. ..1920 J-J 1910 jj Chicfc Pac Div Os Chicfc P 1921 J-J Ist g 5s Dak& GtSog5s 1910 J-J Far <fc Sou assu g 6s 1924 J-J 1910 J-J Ha3t<fe D Div 1st 7s 1st 5s 191U J-J 1908 J-J I & D Exten lst7s Lacrosse & D 1st os 1919 J-J Mineral PointDivos 1910 J-J So Minn Div 1st Os 1910 J-J 1909 J-J Southwest Div 1st 68 1921 J-J Wis<fe Minn Div g 5s yoi4J'ly'02 114i4J'ue'02 1st gu g 5s. .1919 F-A Ceu Ohio ii Ist 84 SiS.. 1930 M-S *101l4. H Beech Creek Hee V C Belle V <fe Car Hee Illinois Cent Bklyn <& Montauk ^ee Long 1 Bruiis <fc West aee Sav i'l cfc \V M-8 M-N A-O 92;'4 94 94 4 99 4103 4 loo's 102 «8 100 106 89 91 F Southw Divlst g3'23...192o J-J 88 As/i 1064!; 1004.. Generalg 34s series B.C1989 f.i Registered el989 J-J 92 92 94 4 Jan '03 IOII4 iso 100 103 89 J-J J-J 75 84 4 45 1024May'03 '.'".'.'. Div 343 Since J-J 864 114 4 Oct '02 92 »8 03 914 M-N 1992 M-S 1 992 M-S 1027e 9734 102»8 17 37 W Be«i3tered Gold 43 Kegistered Conv deb 43 AO 1949 Kegistered Iowa Div sink fund 5s. .1919 1919 Sinking fund 4s Nebraska Extension 43.1927 1927 Registered 1921 Southwestern Div 4s Joint bonds See Great North 1913 Debenture 5s Han <& St Jos consol 0s..l911 Chicfc E 111 Ists four 03.1907 1st consol g 68 1934 General consol 1st 5s 1937 1937 Registered ChiCifc liidC Ry 1st 5s. 1930 Chicago <fc Erie See Erie Chic In<S; Louisv ref Os... 1947 Refunding gold 5s 1947 Louisv N A & Ch 1st 6s. 1910 C;hic Mil & St Paul con 7s 1905 Terminal gold 58 1914 General g 43 series A..el989 Registered el989 99 M-N Q-M M-S 1 ^yM^ Registeroil January X J-J J-J 190s A-O «1911 1939 M-N' A../i Craig Valley 1st g 5s.... 1910 R & A Div 1st con g 4s.. 1989 1989 2d consol g 4s Warm Spr Val 1st g5s..l941 Greenbrier Ry 1st su g Is '40 Chic & Alt RK ref g 3s... 1949 1949 Registered Railway l3t lien 3 43... 1950 1950 Registerod Chic Bur & Q consol 7s.. .190; 1905 Chic A Iowa Div 5s 1922 Denver Div 4s VI- Atlantic Coast Ist k4s./i195'.' Atlantic tfc Danv Hee South Ky Atlantic <fc Yadk i>ei; South Ky i>ecSou Pacitic Austin iSc S Bat Creek & S .Hee Mich Cent AU Knox 94 99 9734 94 Hi 94 99% Sale ifc Illinois lU Mar02 J-J J-J J-J J-J J-J J-J 103 109 14 Oct '00 102 4Mar'02 SiiuiU Missouri tuuiiius 1^9 1-1995 North Caroliuu cousol 4s. 19 10 1919 68 1933 So Citroliun 4 Sis 20-40 Teuu uow settlement 33. .1913 Small Virginia Iiind debt 2-33... 1991 137 4 104^ Sep' 1900 J-J 1900 J -J 1900 J-J Cl.i^s 130 Sj hese are pr ices »tnte Accurities AUiIaiuucloss A 4 to 5 Ohio g Os ser OoldOs 1st consol g 5s Registered General gold 4 4s Clies i07 4i()S"i-i 109 IIII4 109'.) 112 134 '4 130 4 I'.l Feb '02 lour marks 98 Apr '03 95 --J 1074109 13414 135 134'4 J'ly'03 135H.136>4 137'-2Mar'03 10134 102^j 103;'4 Dec'O: 103 104 lOS^^ J'ne'03 S 4s coupon S OS recistereU i! 5s coupon lOOTj, 107 A'aJi^a Bill f U'9Sj1U>.j niisJ'ly'OS S /Vice fYldati Jul 1/ 31 Le ct Hud U gen suiros 1920 Leh iSi Wilks B Coal 5s. .1912 107 Con ex.t uuar 4 4s <;19U) X Y & Long Br gen g 4s 1941 Cent Pacitio See So Pacific Cu lOsK, Charles tfc Sav 1st s 7s 193( 106 106 ...| J'ue'O-: Ma) '03 S U 5;^ J'lj- '03 1 OS K s? -Is U U U U nONDS STOCK EXCHAXGE Janimrif 2 WkKK F.NlHNli JVLY 31 u>xB High Central ot >; J— t'oiitiiiiK'iO N. Y. 6'inc(i High Ao! 100!\j 1074109 3s coil small bouils..fcH>lS s> Bid I'AtJES Jiange H'eek's h'ange or Last Sale JtUij 31 G. S. (ioverument 'J3 cousolreinstereil.iaOSO Q-J (iUi3i> -Js cousol coupou Us cousol rt'i; siu.»ll..<ili'3(.> cousolcoupsmaU.cilO^O 2s U U . ' fc 76 80 Sale 113 Sale Duo Aug p Due Xov 113 //Due 109 '4 113 76 84 Dec sOption 80 14 8578 sale L August 1, Bond Record— Continued— Page 2 1903.J BONDS Price Fridaii STOCK KXCHAXGE Week Ending July 31 N. Y. CblCifc pen g Os 7I 932 West Mich Ky 3a.. iy21 Choo Ok Inii O <fc H&D geu s as couaol 2dgolrt.l>28 Ctn s t Ask Low iooi^""" ...ol'Jli' W WW J-J J-J 1914 cousol 73 1914 Consolsiiik fund 7s GenenU cousol gold Gs. 1934 Uegistered 1934 J'ly'03 lOOTg 101 103 09 Kegistered 193t< yj Clev & Pitts See Peuu Co 194 J-J Col MUUaiul 1st g 4s Colora<lo dj Sou Ist g 4s... 1929 FA Colum & Greonv St^ So Ity & Hock \'al See Hock Vai Coun Term See &W Conn & Pas Rivs Ist g 43.1943 Gt So P Dak & WacoSee CM & St T alias See M K <& Del Lack & Western 73... 190' Col Col la 103 102 95 .... US "6 109 95 103 98 lOO^fl 100 103 12 95 May'03 104 J'ne'03 95 IOOI4 i()4" 99 U 414 1141.1 110 .... ll4i4J'ne'03 120 122'2l20H; 120 131" 120 131 j'iie'oa 129 1333,. 104i2Nov'0l 93 60 94 93 61 58 94 58 114 . 113>4. Deo "02 128 . J'ne'02 100 82 70 8Gia 72 86 70 87 70 BO'e 861a 94 12 A-0 <fc M-S Morris Js; Esses l8t7ij... 1914 M-N 1916 JD Ist cousol guar 7s Registered 1915 JI) Ist rijl gu g oKiS 2000 J-D W 1st Gs...l921 Coustruction os 1923 NY Lackife J-J FA 1923 Term •& Improve 4s Syr Biug& N Y 1 si 73.. 1900 Warren 1st ref gug3'2S.2000 Del As Hud Isl Pa Uiv 73.1917 Registereil 1917 Alb & Sus 1st cou gu 78.1900 Kei-'istered 1900 1900 Guar gold (is Registered 1900 Kens & Saratoga Isl 78.1921 Registered 1921 Del Riv RR Bridge See Pa KK R Gr 1st cou g 4s. 1930 Denv <b Cousol gold 4123 1930 M-N A-O Improvement gold 63...192» Rio Gr So gu See Rio Gr So Den <fc S West geu 3 1 g os 1929 Des Moi <& Ft D See C K <& I P Des M & Minn See Ch & N Des Moi Un Ry Isl g 53..1917 Del M <& Tol ^eeLS&MSo Del <& Mack let Ueu g 4s. 1995 113 AO . 129I4 . 130 Si. 114 130 130 140 i-j 113 117 1291413312 I3012I3412 J'ly'03 J'ly'03 J'ly'03 Oco '98 r26»< 12818 I2708 J'ly'03 Hi's.... 115 J'ue'03 10118102 10214 .May'03 10934.... 109»4 J'ue'03 102 Feb '03 I3514. 130 Va 13012 J-D FA M-S M-S A-0 108 . A-0 A-O M-N M-N 105 i^! J-J J-J 127=8 13112 115 115 102 103 11,934 11338 102 136 149 Aug'Ol 109 109 122 J'ne'99 105 14 J'ne'03 11138 Feb '02 9738. 102 I3718 IO8I2IIII4 IO5I4IO5I4 14334 Nov'02 14712 J'ne'02 97 12 97I4 98 loe's May'03 .107 J-D 62 J'ne'OS M-N 111 9934 104 "4 107 105 108 May'03 108 Feb'Ol 62 80 W J-D 1995 J-D 1951 J-D Gold 48 Del Sou 1st g 4s Ohio Sou Div 1st g 4s. -.1941 M-S Dal<& Iron Range 1st 5s. .1937 Registered 2d Os Dul So Shore AG & 76 84 108 1937 A-O 1916 J-J All g 58. .1937 J-J 78 88 112 & East l3t g 5s. 1941 M-N 84 Jan '03 89^4 MaT'03 10818 10818 1081611.4 J'ne'03 111%116 114»bll5i6 115 W II312.... .112 J-D M-S -MS 132 J-J J-J J-J J-J "ao'isSale FA 115 32 II2I2II5 M-N 135 Ua<« Buffalo i\n<l 119 Sale 102 12 128 Ill I tg 5s 1st rot it (^1952 I32I2I39 I3214I35 99 May'03 83I2 90 12 119 119 106 Aug'02 134 12 J'ly'03 11334 Dec'02 118i2Apr'02 109 Oct '98 110i2J'ne'03 ii'i 9534 9934 98 97 801a 88 .88 9414 1251213041 109'4 110»a 8912 581 88 91 J'ly '03 88 89 95 94 "a 103 J'ly'03 103 IO6I4 104 104 I0412 104 lOQia 100 J'uo'03 100 10534 H ock Vail 8t cousol g 4 123. 1999 1999 Registered Col it H V Ist ext g 4s. .1948 Tex See So Pac Houst E'lfc Houst it Tex Ceil See So Pac Co iUiuois Central Ist g 4s. .1951 1951 Registered 1951 Istgold 3'-js 1951 Registered 1951 Ist gold 33 sterling 1951 Registered 1952 CoU Trust gold 48 W 1952 O&Tex gold 48.... 1953 1953 Registered 1950 Cairo Bridge gold 4s Louisville Div gold 3 "as. 1953 1953 Kegistereil Middle DivregSs 1921 St Louis Div gold 33 1951 Registered 1951 Gold 3128 1951 Registered 1951 Spriug Div Ist g3i2S... 1951 Western Lines 1st g 4s. .1951 Kegistered 1951 Bollev dj Car 1st Os 1923 Carb&Shnw l.st g43...1932 Chic St L <fc N O g 58... 1951 Registered 1951 GoldSViS 1951 Registered 1951 Memph Div Ist g4s...l951 195 i Registered St L Sou Ist gu g4s 1931 Ind Bl it West See C C C & St L Ind Dec & 1st g os 1935 1st guar gold os 1935 Ind lU it la 1st g 43 1950 Intife Great Nor 1st g 6s. .1919 2d gold 5s 1909 3d gold 4s 1921 Iowa Central 1st gold 5s..l93» RetuniLmg s4s 1951 Jefferson RR -See Krie A & G R See L S & S Kal & Mich See Tol & O an C K G Ft S <fc See St L & S F II2I4 May'03 II214 1131a I13iaMar'00 102 May'03 94 Mar'03 108 10134 102 94 94 Sale 104 IO2I4IO4 Sale 104 LN 103 102 103 101 104 Oct '01 103 104S8M«y'02 1 06 12 Mar'03 92 14 J'ly'03 la 103 Hi, IOOVj 1061a 92 14 05 123 May'99 87 Is May'02 97 J'ne'03 101 ig Oct '99 100 Nov'OO .110 97 97 10738 May'03 10738 111 May'Ol 90 Nov'98 125i8Jan'03 1 20 14 Nov'02 124 125 Is 125 la 104'>8Apr'02 106i8l06i« 106 Is Jan '03 ioC'MaV'O'i W 1 07 12 107 la 105 99 115 ' 100 Mar'03 10712 1071a Dec '02 9SI2I02 119 123i» 96 100 75 70 108121151a 9313 91 9812 J'ly '03 II914 J'ly'03 95 90 96 73% 74 14 Feb '03 10812110 IO8I2 92I2 92 10812 J'n6'03 67 06 63 Oct '00 M Erie & 2d gold 5s Lake W Ist g 58. .1937 1941 North Ohio Ist gug 58. .1945 L Sho & Mich S See N Y Cent Lehigh Val (Pa) coll g 58.1997 Registered 107 12 J'ly'03 1071a 112 J'iie'02 107 May'02 J'ne'03 J'ne'03 120 103 12212 106 66 713» II712I20 109 113=8 ill 1141a llOiaFeb'02 103 .107 1940 1st gu g 53.1941 Registered 1941 V Coal Co Ist gug 5s. 1933 Registered /,1933 Leh & N Y Ist guar g 4s.. 1945 Registered ..1945 El C & N Isl g 1st pt 63.1914 Gold guar 53 1914 108i2J'iie'03 10734 108 12 109 la J'ne'02 113 *113 . 113-'58 . J'ue'03 II312II4 1 09 Hi Oct '99 108i2Sep'0 10312. 90 97 95 9312 100 Mar'03 106" i'oo' 118 & Hud R See Cent of N J & Wilkesb See Cent ot N J Leroy Caney Val See Mo P J'ne'03 Jan '03 118 118 Leh Leh <fc 130 109 80 1997 114 General gold 4s Ferry gold4i2S Gold 4s I3412 GO34 11434 117 1171a J'ne'03 109 10934 109 109 111 J'ne'03 N Y 1st gu g 4 I2S.I940 Leh Val 1st consoi gold 4s 104 14 1151211914 121 104 104 107 112 66 Keok & Des Mo See C R I & P KnoxviUe & Ohio See So Ry 11712 121 12 106 12 May'03 108 May'03 llli2J'ly'0S 10138 May'O:-! 115 109 107 .103 J-J Leh IIOI8II2I2 109 114 9734 103 106 106'8 108 117 .113 85 IOOI0I05 iSeeCBAiti Han it St JoSeeN Y N Hit H ousatouic Long Dock See lirie Long Island 1st con g 5s./il931 /tl931 1938 1922 1932 Unified gold 4s 1949 Debenture gold 5s 1934 Bklynifc Mont 1st g 6s.. 1911 1st 5s 1911 N YB&MBl8tcong5sl93o Y & R B 1st g 5s 1927 Nor SliB Istcon ggu5sol932 Louisv & Nashv gen g 68.1930 ISf 99 100 102I4 100 la 102 ibs'ii 97 78 10012 IIII2 106 106 106 107 116 1 11 2 .... 1-2 Jan 10514 '02 112'aApr'02 II512 112 J'ue'03 9812 983^ 100 Jan '02 II4I2II8 11214 J'ly'03 110 II5I2 Gold 53 1937 Unified gold 4s 1940 Registered 1940 CoU trust gold 53 1931 CecUian Branch 7s 1907 E H & Nash 1st g 6s 1919 LCiuifc Lex gold4ia3... 1931 N O & 1st gold 63 1930 N O & 2d gold 6s 1930| J- 100 J'ly'o:100iaJ'ne'03 100 Oct '00 99'8J'ly'0 111 Jau'02 05 14 Mar'03 112 Mar'02 ,100 112 OS^a Sale II214. 106 Dec '00 114 la May'03 10814 Jan '03 126 .May'03 124^8 Apr'02 M M 111 112 98'2l01i2 11318 111121141a IO8I4IO8I4 125 129 MISCELI.AJSEOUS BONUS—Continued on -Next Page. Gas and Electric l^iglit 1st g 53 194 A-O 75 See P G & C Co Columbus Gas 1st g 53 1932 J-J *107 Con Gas Co See P G <fc C Co Detroit City Gas gSs 93 12 Sale 1923 J-J Del Gas Co con 1st g 5s.. 191i- FA Ch G L & C Co EdEllUBkn SeeKCoEL&P Ed E la See N Y G <k E L H P Eq G LN Y 1st cou g 5s. .1932 M-S 114 Eq G <& Fuel See P G & C Co 74 J'ne'OS 74 79 7( 931a 105 9312 J'ne'03 9313 99 105 105 117 XO 118 121 10434" io6" J-J MN Dec'02 61 12 Oct '01 10734 Dec'OO FA Q-F g 48... 1949 F-Al 10318104 91 118 "2 J'ly '03 93i4May'03 105 J'ly'03 95 J'ly '02 NT&QEl L&P •ifo price Friday; latest bid an* asked this week. ChG-LifeCkelstgug5s 1937 J Jl 100 Con G Coot Ch lstgug5s.'30 .r D Eq G <& F Ch 1st gu g Os.l905 J- J ibo'i^! Mu Fuel Gas 1st gu g 5s. 1947 .\I-Nl 101 . 118ial25 93 14 9612 1041s IO8I2 . Syracuse Ligliting 1st g 5s. '51 J I) Trenton G <fc El 1st g 5s. .1949 M- s Utica E P Istsf g5s.l950 J- J L& 100 103 103 901ft 1st conv g 5s..l910 M -b 104 14 Ist consoi gold 5s 1995 J J 117 1st con g 5sl930 F-Al Paterson <fc P G <fc E g '58.1949 M S Peo Gas 1st gu g 63. .1904 .\I N 991a 2d guar gold 6s 99 1904 J 1171-^126' 1st con gold 63 1943 A Refunding gold 03 1947 M-Sl 111 &0 J-D A-O Newark Cons Gas con g 5s 1948 J NYGELH&Pg 5s.. .1948 J -D -D Purchase money Ed El <fc Gaa<& ElecBergCocg53.1949 Gr Rap G L Co 1st g 53.. .1915 JKlngs Co El L & P g 03.. .1937 Purchase money 63 1907 Ed El II Bkn Istcon g48 1939 LacGas Lot St Llslg53.el919 Milwaukee Ga3 L 1st 4.S..1927 Mut Fuel Gas Co .See Peop Gaf* GuUAS Leh V Ter Ry OO-'sSale Electric Light Gas 89 14 Sale /I. 101 '8 101 Tg 8OI2 FA M . 1123* 81 oswegat <fe 10178J'ne'03 134 J'ly'03 132 14 Apr '03 97 961a 97 cfe General gold 53 1940 Terminal 1st gold os... 1943 M-N Regis $5,000 each. ..1943 M-N "Wilk<fc Kalstgug5s.l94z J-D Erie & Pitts See Peuu Co Evaus & T H 1st cons 63.1921 J-J l8t general gold os 1942 A-0 Ml Vernon 1st gold Os.. 1923 A-0 bull Co Branch Ist g 5s.l930 A-O EvAr Ind 1st con gug63..1920 J-J Ij'argo <fc So See Ch & St P XUnt&PereM .See Pore Mar 103 Apr'03 10934 May'03 107 107 11 104 (.iiaud Kapifc 114 114 II314II3I4 112 112 J-J J-J RR Istgugos al909 A-0 Long Dock consoi g 6s. .1935 A-O Coal& RR lstcurguOs.192-. M-N Dock & Imp Ist cur 6s..l91i J-J N Y €& Green L gu g os. 1940 M-N MiaRKolN J IstgOs.lOlO A-O K Y Sus W 1st ret 5s. 1937 J-J 2d gold i^a 193 FA 1041.. 104 Sl'aJ'uo'Oo 105 105 'a. -See N Y Cent Ind .SVePenn UK Gray's Pt Term See St L S NS Gt Xor— CBitQcoll tr4s 1921 .•...1921 Kegistered. Greenbrier Ky See Cliea it o Uouv 114 May'03 113i4May'03 112 May'03 117 Dec'02 90^8 J-D *12558l26i2 125i2J'ne'03 Jett 1 10412 5016 79 W Registered 5s M-N M-S M-S A-O 00 '0 Feb '02 105 Mar'98 1943 Cousol gold 53 Kort St U D Co l8t g 4 HiS. 194 1921 Wife Deu C 1st g 63 Et Et ifc Rio Gr Ist g 3-43.192.see So Pac t.'c / 1 al Har it S A vT;ilHit Hof 18S2 1st 53.1913 Ga it Ala Ry Ist con 5s..ol9 15 lia Car * No 1st gu g 5s.. 1929 Georgia Pacltio See So Hy (ilia V Gifc Nor See So Pac Co M ElmCort<fcXo ieeLeh&iS{Y Erie Ist ext gold 4s 1947 2d ext gold OS 1919 i^s 8d exl gold 4 1923 4th ext gold 53 1920 6th ext gold 4s 192S Ist cousol gold 78 1920 cousol g fund 7s Ist 1920 Erie Ist cou g 43 prior. .1990 Registered 1990 let consoi gen lien g 4s.. 1990 Registered 1990 Penu coll tr g 4s 1951 Butt\N Y<fe Erie Ist 7s. .1910 Bmt<fc S gold 6s 1908 Small 1908 Chic <fc Erie Istgold 5s. .1982 '00 M ot Elgin Jol Low HigK Jligh KC&MR<fcBlstgug58.1929 A-O II412 115 . or Sep 100 93I4IOOI2 Kan C & Pacilio See K&T 93I2 Kan City Sou Ist goid 3s. .1950 91 Registered 1950 85 84 Kentucky Cent See L & N 92 89 IOOI2 J'ly'03 91 J'Iy'03 Minn 6'ee St P M <fc M Jliast Ten Va <fc Ga See So Ky \? ast Ask Low 1st g r\^...191S Registered 70 84 .N' cfc J.'anfie Last' Sale ^11 liid flaCcuit Pen IleeA:'* I'rittan J nil/ fji(/li .... ' W W & 1 lll'4ll5 Oct '02 Deo '02 i27>2!!^ Ind HI A l8t i>ref 48.1910 A-O lud ct l8t pt 5s...eil93,s Q-J Peoifc East 1st con 43... 1940 A-0 1990 A|tr Income 43 Wli cou 1st a a». 1933 A O CI Lor Clev ifc Marietta aee Peuu KK Clev it Mahou ViU g 53...193t- J-J O 97 V! Oct '0'. 98 100 M.N I 90 101 100 J-J 107 Oct '00 lHi4J'ne'03 Sale iYtce STOCK EXCHANGE WKEK EXDIM) Jri.Y 31 1st laud gr ext gold 5s. .1930 JIar'03 it7 M-S *\'o\\Low BONUS Apr '02 109 109 289 N. T. li:i-2J'ly'03 ...."lll'-IUl^S. 95 '4 97 101 * MN MN fcl930 Q-F 1st gold 43 V193t' y-K Keitistered Cin S ifc CI cou l3tg53..192^ J J CCCite 06 Jiang e Since Januarii 113 111^. J-D Hiyk 25 >: lima Doc '01 *104'2. •103>9. Vs.. .1905 1937 Cin D & I 1st gu s; 53...UU1 C I St Life C aee V C O & SI Cin S & C See C C C St Ii Clearneld & Mali 6«« B K <fe P Cieveiaud Cm Chic <fc St Louis 199o Oeueral g -Is 1931' Cairo D»v l3t gold 43 & M Uiv 1st g43.19'.tl Cin St LUlv 1st col tr g 43.. 1990 1990 Registered Spr & Col Div Ist g 4s.. 1940 Val Ulv 1st g 4s... 1940 C I St L & C cousol 1)3. .1920 IFee/Cj Kan(je or Last Hale July 31 Bid Chic A West 1 ! 106 119 103 <ji J'ly'03 Apr'O: 103 90 104 119 J'ne"03 IOII2 102 IOII2 101 100 100 100 117 J'ne'OS 105 14 Apr '03 100 100 105 J'ne'03 '.2 103 J'ne'03 105 Feb '03 109 116 105 100 105 102 104 112 97 14 107 119 loyia 1031a 10218 1251a 10712 109 1081a 103 14 105 Feb'Ol . aDueJan SDueFeb dDueApr eDueMay A,DueJ'ly jtDueAng oDueOct gDueDec sOntionsale 1 — . 240 Bond Record— Continued— Page 3 Week's STOCK EXCHAXOE WS&K K.NUlNl) JCLY 81 K Kange or Y. July 3 ^ cold 6s St . lit'Jl is 19S(» 1st 8t srtis. !!:t- MS Mahor Ooal Sfe 75 NJJuncR gu 1st 4s. ..1986 FA Registere«l 1986 FA N Y' Pu 1st con gu c 4s 1993 A-O Nor & Mont 1st gu g 5s. 1916 A-0 lOSHi. 86 • 87*2 S3 lis 113 113 lis 115 110 lOU lOs'ii 111^. •lOSHj. 97 4100 IOTHjIOTK; 24 85 92 1 118 114' S llOi^llS West Shore iUihattiin RvcyjnsoUs.liUtO KosT'Stf It'll 1 ;>ilO MetTO)>ol El Ist p i>s liXIS AG lOOViSule 100 108 iio"iri" lOSis J-J Man S \V Colonli 5s ll>:54 J-D &f cKpt B V AVf N Y C'eut Metropolitan El Sfe Man Ry M^T <'vnx ronsol ittiUI 4s..mil :r-j 109 10034 100 104 1037eDec'02 109 A-O 108 lllHj >-j Ss.nl;';!'.' uoonio s 38..al'.K{y Jly .olU'oUlos ISM A-0 '2il series polil 5s ltU;l A O Toll tr r4<-s 1st Ser li»i»7 AI It Ist con K 48. lit 1..,,. -'uarsuteed lit isl KoUl 6s. ...lino M. MicliCeui i!>y« N N Y Cent of J MULSAW^« Erie & See Ctiic >i & FA MS M-S JD Matt <fc MU 7s. 191(1 iBt con.><ol ^olilas 1984 l8t an>! refnnil pokl 4s.. 1949 J-D M-N M-S See 1! C K & N r Ui:)Ssti)(l4siutgu 1936 J.J Mi- 65 80 I7I4 978 ll>e 659 12'.j 28'. 8 18^4 94 96 >5 100 93 'e 97 9 'a Sale A St MS%>>1<)E • *• i^O SOSgJUyOl 105 " iiWy'OO M Sonth West Ex ist g M inn 7' 14V* 8 Vf *>* Chic N \V * North See Ch * St P Minn 4 St L 1st Rold 78..1l»'J J-D Iowa Kx 1st solil 78 1!)0V> J-D Pacitio Ex 1st i?ol(168...1!)2l A Mil 65 n^s 1*0 l44i-jApr'03 .... .... 11) 11634 11634 123 ".J 123 >-j 11634 .... 121 Jan 112 115 HI 144'-2l45\ Feb '03 123i-iApr'03 llTHs.— 113 J'ly'03 98>9 99 Hi 98 '02 il2'.ji20"\ 98 98 A l8t|i:4 1ntK" li>26 103 98 J-J M Stl'<fcS:>Mcon)i;4intfrn'38 JJ Minn Uu SeeHtPU&M Mo Kan A Tex let g 4s. ..1990 J-D •Jd(rol(148 l8t ext gold 58 St L Div iBt rel ffl990 FA 1944 .\I-N ^ 48.... 2001 A-O Dal * Wa Istgn g 58.. .1940 KaiiCAiPac 1st K 48... 1990 M K <i;Tof Tlst gTlg5s.l94 J-D ShcrSli A: So 1st lai fi;68.194:i FA MN MS 96 96'i2 794 80 96 .... 84 100 99 NoT'Ol Apr '01 77 80 lOO^sJ'ne'OS 86 Oct '02 106 Sep '02 90 May'03 97 100 85 100^8 1 04 i-j 11 1920 gu g 48.1919 Lerov A- f V A L 1 st g Ss 1 926 Pac Ror .Mo Ist es g 48.1938 2d extended goUl 5s. FA FA J.J FA 1938 J-J .. LIrM&Sgencong6sl931 A-O Gen con stamp gtd g 5s 1 93 A-0 St & ref gold 4s. .1929 J-J I A \V 1st g 5s. 1926 M-S Blrra prior lien g 5s 1945 J-J Unified V Verdi 104 >s Sale 90 103!^ 110»4 Ill Sale 86 >4 Sale 111 <ft Ohio new gold 68.. 1927 1st extension gold(>s..M927 (ieneral sold 4s 1938 Mout«oni Div Ist g 5s. .194 St L, <fe Cairo coll g 48..el930 Guaranteed g4s M At (.) 109 J'ly'03 lOTHiJ'Iy'OS 118 104 118 lOSHi 104 IO415 92 J'ly '03 100 May'Ol 103>aJ'ly'03 112 Apr'03 110 111 21 112 110 111 65^ 84 84'a 91 122 J'ly '02 »3 9134 J'ly'03 FA Mar'03 114 93 12241274 1254 974 12438 9134 114 93 Feb '03 115>.: 93 10miJ'ne'02 W HAD J-J N 115 112 Dec '99 113 116 111 J'ly '02 Dec '99 98I3IOO 98 75^ rr A 3>28.1997 1997 Debentnre 5s of...l8M4-1904 Registered 1884-1904 Eegist deb 5s of.. .1889-1904 Deljenture g 48 1890-1905 Registered 1890-1905 994 76"a 7612 J-J J-J .M-S MS 95 >a Sale 10i«8"""'" 101>2 103 4 98 73 797( J-D J-D 1905 M-N Registered 1905 M-N LakeSborecoUg3'ij8...1998 FA Registered 1998 F-A 199>< F-A MlchCentcoUg3'2S Registered 1998 F-A "Beech Creek Ist gTig48. 1936 J-J Registered 1936 J-J 2d go gold 58 1936 J-J BeechCrExt lstg3'28t»1951 A-0 96 95 100 J'ne'03 lOl^B lOliiB ]101i.2J'ne'0:-i 369 98 100 Dec '02 100=8 Apr '03 Sale 99»-iNov'02 90 91 99 91 89 88 .107>i 108 106 (J .M Co 1st "Wh LEA * gn g 68.1922 JD 1 1 ;^ PCCol8lg58.1919 J-J No price *iV8' llV)4bec'''o'2 J'ly '03 11334 :;an '02 117 *101 102 10738 Feb'03 Sale' 101 102 May'03 103 122J» 10738 117 1074 25 101 102 105 10334 123«8. 131»4 Apr'03 12334 131»4 101 100 106 "4 May'03 105 May'03 10334 105 100 99 101 105 132 132 100 105 23 May03 114 Feb'03 133 4 Apr '03 128 Apr'03 132i4Jan'03 100 100 Sale Sale 7114 Sale 99"% 100>« 296 100 100 72 1\H 70 4 Mar'03 106 "4 99 1034 lOOBglOl 114 133 128 974 Sale 96 974 102 100 4 '88" Sale 874 Jan '02 51 88 '97" Sale 1074J'ly'01 3 97 97 .100 115U 1334 132 132'4 lOl's 96 128 87 4 94 97 101 991b 104 lOS^H 70^8 7378 70>4 7214 100 65 n 112 101 J'ne'03 101 101 125 132 Apr'03 123 127 J'ly '99 112^1 J'ly '03 110 Oct '02 >». A-O 964Maf«3 94 4 Feb '02 J-D 110 A 110 114 4 May'03 J-D A-0 *100 il2'ii'i'2vi '96 4 '98 96 ' 110 1164 114 1144 1084 J'ly '02 111 102 102 102 Apr '02 100 Pennsylvania Company Guar 1st g 44s 1921 J-J 1921 J-J trust reg.1937 10734 J'ly '03 MS Guar 348 coll Guar 3 4s coll tr ser B...1!I41 M-N Tr Co certif's gu g 3 48.1916 C St L A P 1st con g 5s. 1932 A-O 914 94 A Nov'OO 11014 .T'ne'03 11038 J'ue'03 BR Convertible g 34s Con currency 68 reg. ..jrl905 Q-M 1919 M-S Consol gold 5s 110i4ll4i| 1104112 1164Feb'01 106i4Nov'02 924 96 Jan 96 06 '03 128 1-28 Apr'Ol Apr'03 104 104 '03 127'^ Oct '02 128 130 104 1912 J-J 1912 M-N 107 "2 J'ly '00 ll0i4Dec'0] 96 97 95 954 122>4l23 Oct '00 102 D Jaguar 1945 M-N E 34 guar g 1949 FA W A C l8l 7s.. .1912 J-J rv..../il912 A-0 Ist real est g4s.l923 M-N Consol sterling g 68 1905 J-J Apr '02 Feb'03 J-J P C C A St L gu 4 48 A. .. 1940 A-O Series B guar 1942 A-0 Series C guar 1942 M-N Series Series Pitts Ft J'ly'03 10734110 106 109% 94 PA NAC Bdgegengug44sl945 94^6 Mar'03 Nov'98 Mar'03 121 . A 91 87 92 •'e 91 91 10714108 106 102 96 95 122 14 1932 A-O Registered CI P gen gu g 4 4s ser A '42 J-J Series B 1942 A-O Series C 34s 1948 M-N Series D 34s 1950 Pitts gug34s B.1940 J-J Erie Series C 1940 J-J 3d 7s 1024 ' "95 ^4 Sale' 944 Jan 954 326 94 107% i'i'(i"I!r.I! BONDS—Continued on Next Pa»fe Am Telep A Tel coU tr 48 192« 100 83 Sale 108 I A Co gu g 68. 1910 FA Va Iron Coal A C 1 at g 58. 94 MS (; N 2d78 55 Nov'OO 112 Apr'03 99'a 10038 79 83 115 J'ne'02 107 May'97 112 112 99^8 105 764 96-'.i 91 106 103 76 8*le 109 91 103 109 105 76 32 91 91 103 J'ne'OS J'ly'03 Friday: latest bid and aaked tbls week. 75 Jan '00 • .112 10 Due Jan 75 () 10234 Sale Northwestern Tel 78 91 10734 1054112 101 10534 West Union col tr cur 58.1938 J-J Fd and real est g 4 4s ... 1 950 M-N MutUnTel s fund 6s. ..1911 M-N Feb '00 10234 J'ly'03 77 964 Apr'03 964 1004Apr'02 100 4 Oct '00 J-J Gomm Cable Co Ist g 48.. 2397 (J-J Registered 2397 Erie T A T col tr g 8 f 58..1926 f.i 1918 M-N MetTATlstsf g58 MutUnTelCo See Westn Un N Y A N J Tel gen g 5s.. 1920 M-N No Westn Teleg See West Uu 80 May'97 106'4Feb'02 106 Oct '00 5o Binji t<;v 1st consol 6s. .1917 J J De Bar Dec '01 1064NoT'00 Teleftniph and Telephone I8tg5s.l926 J-D 1926 J-D Kan A HC A C Ist 8f g58.1951 J-J Plea.'t Val Oal Istgef 5s.l928 J-J RochA PitCA Iptirm 58.1946 M-N Tenn Coal gen 58 1951 J-J Tenn Div lRig6« al917 A-O Cah J'ne'02 101 J'ne'98 1992 Sep A 112 112»8 123 41254 127 110 102 Penn I C May'O; 1234 Mar'03 Apr'03 101 'g 87 89 Jan '03 Way'03 91 48.1940 J-J C«h Coai Mln Se< T C I A R Col C A I Dev Co gu g 58.1909 J-J Col Fnei CoRen go'ld6s...l919 M-N Coi KA Cogen 8f g5s..l943 FA ( hie deb g58....1911 FA Gr A C lstgCs..l919 A-O Ko.ii 112 102 86I4 87'-2J'ly'03 MISCELLANEOUS 2d 124 139 101 Coal and Iron J<- Jau '03 Jan '03 llS^eMaT'OO .iie" ii-V (^-F ac of Missouri 6'e« Mo Pac Ist s fund g44s..l917 A-O Sink fund subsidy g 6s. .1910 M-N 9934 lOO'e 100 100 10038 lOO'e 9934.T'ne'03 Goov&OswelstgngSs 1942 J-D Mob & Mai lat gu g 48. .1991 M-S 102 >a. Income 58 124 139 124 139 W lOS'g CartA Adl8tgiig4s...l981 J-D f 105 Oswego A Rome See N Y C O C F A St P See C A N Pac Coast Co Ist g 5s 1946 J-D 102 104 105 14 95 100 3 101 100 109 13 Sep '97 -M-S Debt cert«eitg48 Clearf Bit Coal Ist 8 1064 98 105 Ore RR & Nav See Un Pac Ore Short Line See Un Pac I V YCenlA Kegistered 10034 10388 1 01 1 02»4 M& Registered NO AN EprlorliengOsplOlS A-0 N Bkln A Man Bch See L H Kivg Y' 12234 124 1114 106 Gt Nor Regi8tere(l certilie's..l923 St Paul Dul Ist 58. ...1931 2d 5s 1917 1st consol gold 4s 1968 Wash Cent Ist g48 1948 NorPacTerCo Ist g 6s. .1933 Nor Ry Cal See So Pac Nor Wis Se« St P O Nor Mont See Y Cent See C C C St L hio River 1st g 58.1936 General gold 58 1937 Ore A Cal See So Pac Co A .121*4 124 J'ne'03 1121.2 J'ly '03 lOSHj. J-J J-J J-J H N a2047 a2047 10634 111»4 Panama A-0 iee N \' N &H J June RR See Y' Cent IJrw & Cin Bdge See PennCo New See g 48 Oct '02 107 4Sale i'0'7 iin''-'. 106 1064 1064 10634 101 4 Sale 1014 1014 100 101 J'ne'08 98 Sale 98 100 100 105 Jan'Ort 114 Feb' St Paul-Dul Div 1996 J-D Registered 1996 J-D St P A N P gen g 6s. ...1923 OInd A W RR Monongahela Riv See B A O Moot Cent SeeStPil&M Morg»n's L.a & T See S P Co TAP CBAQcolltr48 Jngh Ao Low High Loin 105 105 4Nov'01 FA Mohawk & Mai SeeN Y C & H I General lion gold Ss Registered 914 Apr '02 93 102 122 Hj 122'<jJ'ne'03 120 124^Apr'03 1931 J-J Morris & Essex AfeDel LA \V ^T ash Chat A St List 7s. 1913 l8t consol gold 5s 1928 Jasper Branch 1st g6s.. 1923 JJcM M A Al Ist 6.S..1917 Branch Ist 6s 1917 Na»h Flor A Shef See L A: N Katof Mex prior lien 4128.1926 l»t oonsol 48 1951 N YO A Wreflstg 4s. .(71992 M-S Regis «5,000 only. 91992 M-S N Y A Put See N Y C A" H N Y A R B See Long Island N Y S A W See Erie N Y Tex A M See So Pa« Co Nor A South Ist g5s 1941 M-N Norf A West gen g 68 1931 M-N Improvem't A ext g 6s.. 1934 FA 113 115 111 See Southern coll 4s R W'A O T R 1st gu g OS. 1 918 M-N Utica A Blk Riv gug4s. 1922 J-J N Y Chic A St L Ist g 48.1937 A-O Registered 1937 A-O N Y A Greenw Lake See Erie N Y A Har See N Y C A Hud N Y Lack AW S«« D L A W N Y L E A W See Erie N Y A Long Br See Cent of N J N Y A N K See N Y N H A H New Y'ork New Hav & Hart— Honsatonic R con 5s.. 193 M-N N H A Derby con g 68. .1918 M-N N Y A N E lat 78 g 1905 J-J l8t6s 1905 J-J N Y A North See N Y' C A H New River 1st g 68 1932 A-O 1074111 N A W Ry Ist con g 48. 1996 A-O 11 1^ 107 4 Registered 1996 A-O 118 122 Pocah C A CJoint4s..l941 J-D 10234 10738 CCA Tlst gugSa 1922 J-J Scio V A N E 1 St gu g 4s 1 989 M-N 103 107 4 North Illinois See Chi A N W 89 944 North Ohio See L Erie A W Nor Pac— Prior lien g 4s.. 1997 Q-J 102 4 105 >4 Registered 1997 Q-J J'ly'03 Hi FA N Y A Harlem g 3 4s... 2000 M-N Registered 2000 M-N N Y A North lat g 58. ..1927 A-O R W A Ocon 1st ext us. A 1922 A-0 OsweA R 2d gug53...«1915 FA 110«4 J'ly'OO Mortgage gold 48 1946 Mob Jack <& K C Ist g 68.1946 Mob 87 H2 90 105 \ 97 l05'2J'ly'02 Neoaho Ist ^8. ..190;-! J-D Mo K & E ist gu g5s 194 A-0 lU8>s. Missouri Pacltic 3(178 190(i M-N Ist consol gold Bs 118 192U M-N Trust KOld 5s stamped. al917 M-« 104 Sale Kegisteri'd ul917 M-S 1st coll gold 58 (.enl Br Ry Ist lOOV 95 77 96><j 95>a Teboife MobA 103:'4 icn 1, January 1 MS ,. , Mid 109 TISj J'ly Last Sale Ask Bid 105 MS <ft s J-J 1903 J-D 23til 7s. KaAAG AY f; ini'iiiue Raivge Since 190;- J-D Registered Gold 34s 199'; J-D Registered 1997 J-D Det Mon A Tol 1st 7a. 1906 Rlstguc58.1938 J-J Mahon C'l RR Ist 3s. .1934 J-J Pitts McK 1st ini6s.l932 J-J 2d guar 6s 1934 J-J MoKeesA B V 1st g 6s 1918 J-J Mich Cent Ist consol 68.1909 Ul>4... 58 1931 M-S 120 ... Registered 1931 Q-M 48 1940 J-J '101 Registered 1940 J-J J L A >; 1st g 34s 1951 Bat C A Stiir Istgu !.'3s.l9S9 J-D Dot- '01 Mar'OS Mar'Ol 1st 4s gu...2361 J-J RegivStered Lake Shore consol 2d A L LS& M S Week's Xange or <fc 1 96 * . I Jiigh. J'ue'02 13 Nov'99 9T>-jJ-ne'03 U)7»sJ'ne'(»8 UiSl iVnt colli -is.. I'JST :..XM lstjt4iasl<U l.« N South M Joint 4s. lito'J J» Kin* s IstRii K58...19;i" FensA- Atl 1st ,inig68..1'.>Jl t> .t N A In con sii p 38..U>Stl s-iiik fmul ^>Ul6s H>10 I. A J e« Bilse Co pw K 4r. ItU." L N A & Ch Sw C J r25V2.\ng'(V.> M Price Fridav July 31 STOCK EXCHANGE Week Ending July 31 N Y' Cent A H R—C Cone imwri; N. Y. I Lo\o Viv swl(l68...1»vjO M-S I BONUS 3-S High Ao Low 116\MarH)2 Ask Bid LoiHsv Last Sale Ka nyc Since o Q "i^ \Jatixiary [Vol. LXXVII. 10234 81 Due Feb >IanufactnrinK Amer Am Am Am e . 105 107 1074 95 95 86 97 Sale 109 114 964 96% Oct '99 Nov'02 105 '4 J'ly'03 105>4l08% 1064 J'ly '03 106 102 102 '4 10234 107 4 J'ne'03 110 105 1074109 1904 J-J & Industrial Bicycles f deben Os 1919 1915 Cot Oil ext 44s Hide A L Ist s t g 68.. 1919 Spirits Mfg let g6s.. 1915 M-S Q-F M-S M-S ^rDaeJ'ne AUneJ'ly Dae May ]» 34 Due Nor Feb '03 964 J'ly '03 85 87 « 86 J'ly '03 Option salr 34 96 86 86 42% 101 98 94% — G 1 1 AcuusT Bond Record— Concluded— Page 4 1903.] 1, BONUS Y. STOCK EXCHANGE N. Wkkk Peuu KK Week's Kange or Juli/ 31 EXDINU JULT31 Last nale ^sk Low Bitt (VoiUiiiuedJ Cln & St L See Pemi & Tol 1st K Gs.. 120 O-F 95 110 107 108 lOG 108 J'iie'03 UG 121 107 IIG 107 108 111 113 108 1-. 120 118'4 Oct '01 11634 1171., J'ly'97 l00'-.>Mai'03 100>4 Feb'O:! 98 100 '4 00 '4 120 Vj Dec '02 9334 94 \ 90'8J'ly'03 91 Si 92 114 94 Si Sale 'uiiisale 95 95 90 90 9;i3.J lOOi-j 1001.1 "9Ki-. 96 1» 9G 9G 90 Jan '02 110»n Feb'03 82 B K&P Og nee S Y Ueut Borne Wat cVs Kutlaud Ist cou s 4'-j3 1941 Kut-Cauad 1st gu k4 hiS. 1941" Oag Tus & 11 nee Pbre Marg Oalt LakeC 1st g s f Gs.. 1913 St Jo <& (it Ul Ist g3-4s.. 1947 tit Law & AOirou Istg 6s.l99G 19yG 2d gold Gs 8t L <& Cairo nee Mob <& Ohio 99 92" "92" Mar'03 May'03 106 May'03 10434 J'ly '03 12412 120 lOSHiJ'ly'OS 124 Ht Sale 109 KK consg4s..'9G S SouUiw Div Istg 58. .1947 105 103'.: S & N Ala Spok Fails KCFtSa5MKyreIg4sl93G ' Kegiatered 193G St Louis So nee llliuola Cent 8t L S \V 1st g 4s bd ctf3.1989 •2d g 43 inc boud ctls...2>1989 1932 Consol gold 4s Gray's PtTer 1st gug 58 1947 St Paul <fc Dui See Nor Pacilic St Paul <b Man 2d Gs. . . 19U9 1933 Istconsol g'ddtis 1933 Kegistero*! Reduced to gold 4H]8.. 1933 Registered 1933 1910 Dakota ext gold Gs 1937 Mout ext 1st gold 4s Kegistered 1U3" E.Miun Istdiv Istg 53.. 1908 Kegistered 1908 Nor Div ist gold 4s.... 1948 Minn Uuiou IstgGs 1922 Monte IstgugGs 1937 Kegistered 193 Ist guar gold 5s 1937 WiUJb S F 1st gold 58. .1938 St P & Nor Pao nee Nor Pac <fcO St P di S'x City nee C St P SFe Presifc Ph Istg 58... 1942 il-S M 8l'4Sale 113 82 7834 118 SO S13j J'ne'03 8134 lOG lOG 951a 100 303 118 33 80 69 911a Sale 7oHi 951a 91Tg 124 881a . 10& 108 IIOI4 100 106 103 .101 .103 100 May'Ol J'ly'03 128 Apr '02 134 Mar'03 115 Apr'97 118 la May'03 125 12 Feb '02 126»2. W Seaboanl Air Line g 4s... 1950 Coll tr lettuid g 5s 1911 8«ab<iE Roa 1st 5a 192G Car Cent Ist con g 48. ..1949 SherShr&So neeilK&T SU S p Oca G nee Sav F & W 111 of St L Ist g4ias.. 1939 18941944 1st con gold bs 11234 Feb'03 86 1« 76 IIOI4 110 '4 111 103 llli« 105»4 IO4I4 104 14 10534 IOGI4 1191a 11934 119 119»4 110 10634 110 108''4 112 110 101 47 112 IIG 89 '.(111 105 1 1 8 'a 117 97 1« n2iall3ia 94 981a 9'1 Mar'Ol Dec '02 120 Sep 116 8 May'03 115 J'ly'03 110 114 Jan '03 122 Mar'03 124 •a Feb '03 114 J'ly'03 101 ijJ'ly'OO 109 I4 J'ly'03 92 Sep '02 104 ,105 104 123 Feb '02 112 Feb'03 ilOHj 115 Jan '03 110 110 IIII4 113 a May'03 'I J-J 116 J-J 112 98 FA 115 115 114 1-22 124 118 109 111»4 104 108 112 112 115 115 110 1241a llGi« U3iall3«8 Feb'03 115 la Mar'03 110 ll6i« 1191a 1153« 123 114 93 93 115 93 lloHl 117 J'ly'OO 104 la Sep '02 ...125 00 A-O 107 14 J'ly'03 FA 2000 ^2000 1931 1935 2d gold inc 58 B L l8t g La Div OC 58 l8lg58 Western Div Ist g 5s. J-D J-D A-0 May'03 sale 114 J-J J.J mo ..1935 AC llOia 11334 95 105 114^: J'ue'03 111 81 A-0 J-D J-D J-J J-J M-N M-N J-D FA J-J '03 904 J'ne'03 90 ' Jan 110 J'ly'03 110 la J'ly'03 107 Feb'03 90 la J'ly'03 110 115 117^8 102 102 24 113i2llS>a 81 100 111 111 110 113 110iall3 107 107 97 90 92 89 8334 86 80 16 71 98 98 IIOI4 "i> lOS 341 90'alO3»» 100 10318 i'287 92 IO714 8518 J'ly'03 71 74 71 9634 98 Apr'03 108 108 108 9934 Sale 99 la 100 100 J'ly'03 94I4 92 14 9334 Sale IO5I4IO5I4 105 14 Jan '03 "36 9714 97 la Sale 97 102 971a 123 1271a 123 Sale 123 123 8 110 109=8 110 13 109 114 91i4Sale 90 911a 270 89 14 9814 105 115 Nov'02 103 1141a Apr'02 851^ , F-A J-J 1926 J-J & Black R 6ee N Y Cent W See Mo P Ver Val Ind See South Ky irginia Mid Va & Southw't 1st gu 58.2003 1939 Wabash Ist gold 5s II414II8 102 Mar J-J J-J 107i4ll2»4 II414 J'iie'03 115 J'ne'03 II2I4 L M Bge Tergu g 5s.l930 A-O Tex & N O nee So Pac Co Tex & Pac E Div Isl s Gs ..1905 M-S Gold 5s Dec '01 102 , , Utica J-J A-0 A-0 lOo'tj. J-J J-J A-O 77 »2 Sale M.N 100 "4 Sale 7712 100>4 <fc 128 Oct '02 123 Dec*99 95i4Nov'01 111 Apr'03 87 Aug'Ol 95 14 May'03 J-J .M-N J-J J-J 104 78 111 95 21 11284 eeia 771a 843e 100% 10 100 "4 103 "a IIII4IIII4 llli4M8y03 95 v 951a 95 Hs Feb '03 90 Bay & So Ist g 5s 1924 J-J So Car & Ga nee Southern So PacCo— Colltr g4'28..1905 J-D Gold 4s (Cent Pac coll). /d 949 J-D So<l A;iy49 J-D Ist gug5s....l941 Ist ref gu g 4s 1949 . 97 Sale 85 12 Sale J-J Kegistered J-J Unl N J KR & Co See Pa RK Utah Central nee Rio Gr Wes Utah & North See Un Pacific <fc A& N W Aer A Tol<fe Ang'Ol 11334 AO RR Peun M WW IIOI4 102 . iSi 1935 General gold 5s Kan <fe Ist gu g 4s. ...1990 113i8ll3>a I27I4I35I4 Tol P & l8t gold 48. ...1917 prlien g 3ias.l925 Tol St L & 1950 50-year gold 4s 106 111 la Tor Ham & Bull Ist g 48./tl946 HOI4II4 Ulster&Dellstcongos 1928 nPaoRR& Igrg4s..l947 100 104 1947 Registered 1911 Istlien convert 4s 103 1061a 1911 Registered Ore Ry & Nav con g 4s. 1946 Ore Short Line IstgGs.. 1922 1946 l8t consol g 5s 134 I34I4 1927 48 & participating 1908 Utah & Nor 1st 7s llSia 1181a 140 May'02 106 J'ly'03 llGisApr'Ol 1101*. 86 76 J'ly'03 M SuOca& Ggug4s..l91» Scioto Val & N E nee Nor & \V 6'«e 94 120 95 !!"!!' 96" J-J 90 'a M«y'02 Oct '0-2 Apr'03 112i.jApr'03 "94" Sale St 891a 971a 69 851a II312 Feb'03 1271a 127^ 110>4. 127 69 76 92 69 OlLj J-J N Bmg N Y" Ae«DL.<fcW 'rebo&N SeeMK&T 105 112 117 Sale M-S gn g 4ias..l943 J-D Ist gold 5s 91>2.Sale 1 12^4 J Nor Istg 6s. 1939 J-J 1st SunbtfeLew Syra 100 7834 104 J-J J-J 1st cong 68.-1914 J-J nee L ct- <& Ry Stat Isl 13 120 1'29 lOSk-llS 95 »2 Jan '03 100 J'ne'03 1951 Ketuuding g 4s K C FIS& M con gGa.. 1928 SU D 4-58 E 5s West NO 104 104 1 1 1 la M-S A-O 107 M-N M-N M-S 1921 M-S 192t M-S 109 193G M-N '110 193G M-N ''"88" General as stamped 1st oy gu 4s. .1924 <fc !•' W Ohio Ist g 6s... 1925 1915 Rich <& Dan cou g 68 Equip sink fuiidg as.. 1909 1927 5sstaiuped Deb Richifc Meek Istg 48... 1948 1919 So Car <fe Ga Ist g 58 Vlrgiuia Mid ser C68...19U; <fc Guar WO W StLMBr S A Jb A P net So Pac Co S F <fc N P Ist sink 1 g 58.1919 1st gold Gs.... 1934 Sav f & 1934 Ist gold 5s JoIm'sDiv Istg 4s.. .1934 St Aia Mid 1st gu gold 5s. .1928 BrunsA Istgu g4s..l938 Knox Series Series MP nee Wabaali -SeeT KK Aot StL St L J6 S Ki-au -Jil g Gs CI B 190G 190G Jd gold Gs Chiss C 1931 General go4d Gs 1931 General gold 53 St Ldtj 191 108 107 K T Va Ga Div g Ss.. 1930 J-J 195() M-N Conlst gold 5s 1938 M-S ETen r»>or lien g 53 1922 J-J Pac Ry 1st g 6s Ga 94 87 & 1st Gr FA M-S <fc 101>4Nov'01 88 190,-> — Greenv 112 112 1937 J-J 1912 1943 Cou gold 5s 1994 Soulliorn— 1st cong 5s 1994 Registered Mob Ji Ohio coll trK4s.. 193s Mem Div 1st g 4ia-5s... 199G 1951 St Louis div Ist g 48 1918 AlaCeu R Ist g Gs 1948 AtlA Danvlstg4s Atl Jij Yad 1st g guar 43. 1949 Col 92 110K;112i., 80>.iJ'ly'02 92 1U40 K C <& N 94 88 J'ly'O:; J'ly'O.i 97 gug 4s Sabiue Div IstgGs 98 .. 1. . NO 1st 7s Toxcfc ltlS'4 901^ 94i» N YTJt.Mcx gulslg43.1912 A-O iO'i i"02" 200 Not^ 1st gu g Gs 1907 J-J 100 o of Cal 110 113 Jnu'Ol 1 93S A-O G uaiauteed gold 5» lOji-jNov'Ol Ore & Cal 1st guar g 5s. 19271 J.J 75'7.-. Sale 7G 30 S A Ji A Pass Isl gu g 48. 1943 J J no'.i Api'O;. So P of Ar gu Ist s Gs...cl909 U-J 104 U15 1-1910 J-J lll>aApr'0;< 1st guar p (is 103 1 03 14 J'ly'03 19t)5 A-O S Pof c;al IstgGs 10414 Mi>y'0:i 1905 A-O 102 scrii'S B Ist g Gs lO.i lOGi-jMay'Oli 1st gGs scries C ife D...190G AC 10 1193^ Feb'03 IstgGs series EJt F...1912 AO 19 Mar'03 1912 A-d no Ist gold \it, 110 Mtty'03 1937 M-N 109 cou guar g 5a Ist 1063.1 13 107 937 M-N 106 1 905- .. Stampe^^ 108'.i J'ue'03 S Pao of N Mex 1st g Gs.. 191 J-J S P Coast Isl Cousol anil col trust 43 .l'.'4i» Utah Cent 1st gu g 4s.aiyi7 Kio Gr Juiic 1st gu g5s...li>it'J 1940 KiogrSo 1st gold 4s nee 124 V 1920 J-J Januarii 1 Ill 1 117»4J'ly'03 1103^ .. Mount 1 1 112»-jDcc'02 1'Jo'J Irou 111 Mar'03 92 May'03 127 i-j Feb '0-2 130 Nov'02 122 Sen '0-2 . i<c; L <& HI I Jei'sey Cent coll g4s...lyjl Keusselaer & Sar Hee D «fe U Rich & Dan nee Soiitli Ky Meek nee Southern Hicli St 8t N A-O 111 . 107 >a Oct "98 A O 1S»!I7 tiiiarauteed Rocli Js Pitta nee M g Gs 1st Ist 7s. 1918 Sale i-j 137" NoV'9'7 M BioUr West l8tg43 AC v:uar..l921 AO '30 111 Si lue 55 j^ High Au Low LligK Ask Low HiiL Jiangt Last nale 1.J iVo Iit22 PlttsJuuo 1st golilGs Pitts dt L Eiie -Jtl g 5s...alU-» PUta JIoKees Jt Y 6f« N Y Con Pitts SUifc L. E Istg is. ..1040 1043 Istoousul gold ys 11)17 Pilt«>b Wfst l8tg4s Jfc Co certis J P Pitts Y A; Asli 1st cou Os.l'.l'J" 19i'7 Keailiug Co geug 4s Kegistered 124 la 127 95 95 124>-<Ai>r'03 iVti" Co Pcuu Co CU May '00 &T . MN AO Ill-'-' <fc Jlorgan'8 La Ist gold Gs 104ialOG Week's lianye or /•Villa II Jtl!)! 31 Southoru Pac Co— f (Joiitinued) II <fc TClst g5smtgu..l!>3~ .T-J Coii.sol g G.-* nil guar...l'.U'-'j Gen gold 4s inl Waoo N W div 106 106 S; 105 H Pitts CleV Pitts Ft \V Loie lligti U2»4 Mar'OO "a 117 I'.to'.l M-K Isl cuusul Kolilos Pt llurou Uiv Islgys.liti!!' A () UKi 1 f- A 1st KU g 43. Say Tus <fc Puiv Ci-eek leg SiiiU-" tiS-.-lOo- j D Pitt.s 1 ifc 105 MS l'J21 6Vi'-l Gs. I'.'JO Mo Price STOCK EXCHANGE WEKK ENDl.NO JULY 31 N. Y. ninee 102"'Nov'9'7 MN un Peodj Pek Uu IstgOs 2il uoKUSis Pert* Mani— f Ji P M S Hange *;^ll7ant/nri/ Migh. BU.NUS 11 r5-= o"3l 107 l'''*^ ^-^' Cousol K"1>1 -Is Alios Val seu RU k 43...11'4-- M CI Ji Mar Ist ku « 4'a8.. liloJ KK<fc BKt>lstKU4S!;.'oO K-A I«iX lstKUK4'-jsl',t41 J-J lil SuuAj Lewis 1st R 48...1'.";!l) J-J U N J KK it C;iuseu4s.ll>44 Peu^.icola it All .sVf L. ifc >i'hsIi Peo tto liaat 6f< U C JB St L UK K& |» Prtce fYidav 241 Cent Pac F-A Registered 1949 F-A Mort guar gold 3'as../tl929 J-C Registered fcl929 J-D Gal Har <fc SAlstgGs.. 1910 F-A 2d gold 78 1905 J-D .Mex<fc Pac Istg 5s 1931 M-N Gila 1st gug OS. 1924 M-X Hous li & T Ist g 5s. 1933 M-N 1st CTiar 5s red 1933IM-N 105 99 Sale 821a 83 13 102 951a 8434 Jan '03 102 102 95 Apr '02 105 12 Feb'03 971-2 99 99 14 Mar'03 83 83 Si 105 la 105 la 971a 102 9914 99I4 83 88 la HOI4 Feb'03 VG&N W 110=4 112 105 Feb'03 109'8Jan'03 109 la Feb'03 105 May'03 1021a Dec' 105 1071810978 1091a 1091a 105 105 10.=) 101 1031a 101 la 101 la J'ly'03 113iall8 .Sale 114 II518 lOGia 104 111 106 lOlia Apr'03 100 lOl-'a 60 Sal« 63 1070 55 18 8434 561a Dec'02 1041a 107 lOO'^a ,109 107 J'ly'03 97 May'02 90 81 84 J'ne'03 851a 98 Mar'02 100 115 J-J M-N 1939 F-A 1939 J-J 1939 J-J A 1061a 107 Series B 1st lien equij) s fdg 5s. .1921 M-S Det& Ch iCxt Istg 58. .1941 J-J Des Moin Div 1st g 48.. 1939 J-J OmDiv 1st g3ia3 1941 A-O & Ch Div . 1941 M-S St Chas Bridge Ist g 68.1908 A-O Warren See Del Lac & West Wash Cent nee Nor Pac Tol Wash O 951a 10018 8434 9218 97 86 2d gold 58 Debenture seizes <fe 1 St g 4.S. . . WPaSee Southern Ist gos.. 1937 Y& WestN Gen gold 3.4s 1943 Income 5s «tl943 West No Car See South Ry West Shore See Y Cent Va Cent <fe P 1st g 6s. .1911 Wheel'g& 1st g 58...192G Wheel Div Ist gold 5s.. 1928 Exten & Imp gold 5s. ..1930 Ist consol 4s 1949 Wilkes <fc East See Enc <fe Sioux F See St P At <fc Winona & St P .See C c^; Wis Cent SO.yr 1st sen .H.T.M'.i 1094 Mar'03 J-J .117 A-0 93 Nov 30 J-J 108 ios"' II714 May'03 96ia J'ly'03 117141134 40 i'o"9*ii geiaioiHi Mar'Ol N W LE WU A-O Sale 106 112'2 11218 J-J 113 110 FA MS 87 J-J 871a. 88 108 112i« 30 106 1 112 108 1164 Sep '02 110 llar'03 110 87»8 88 33 87% 9334 86I4 87 44 86 92 4 M NW iUlSCELLANEOUS BONDS—Concluded. m& .naniitncturins & Industriall Miscellaneous Thread 1st col tr 48. ..1919 S Car Co Ist g 68...1942 CousdI Tobacco 50-yTg 48.1'j51! Distil Stc Cor convl-st g 5s. '271. Dist 111 (if Amer coll tr g as. 191 ni Steel Co deb 58 1910 Nou-conv deben 5s 1913 Int Paper Co 1st con g 68.1918 Kniokir Ice (Chic) Istg 58. '28 Lackaw steel 1st g Ss 19231 Nat starch .Mfg Co Istg 68 1920 Nat siarch Co s f deb 58..192o| Stan Rope <fc T Istg Ga... 1946 income gold Ss 194Gi U 8 L€atliCo8ldebg6s..l913;l 78 Bar 57 4 Sale 61 34 Sale 93 95 1084 92 92 I U S ShipbldffcoU mge as 1st 3 las g "A" 193-2' U S Stef! Corpcoltr2d58.rf'63; No price Friday; latest bid and <fe 681? 50 5 110 ">•?' 80 Is Sale asked. 564 59 100 99 100 78 J'ne'03 Jan SO 564 6734 '00 584 1758 G13, 411 59 9334 Mar'03 Jan '99 77 1 00 Adams Ex col tr g43 1948 M-S 1034. AmDk<feImpas See Cent N J Am SS Co of W Va g OS. 1920 M-N . . . DetM& M Idgr inconie.s..l911 Hoboken MaT'o-2 FA B'ld'n Ferry Co lslcousg5s'48 ChicJCcfe St Yard colgas.1915 J-J L& 1 gold 5s... 1910 AG 50 •1004 103% 35 103 106 10034 J'ne'02 73 111 73 Mar'03 824 Mar'Ol S4 92 J'ly'03 76 Feb '02 39 '75"' "954 M-N 96I4 96 95 Mar'«3 68 J'ly '03 4o 48 4 44 110 J'ly'03 91 Jan '03 25 1« J'ly '03 804 78 94 68 40 80 68 1074 103 60 83 '4 Sale Mad Sq Garden 1st gSs.. 1919 M-N 93 Man BchH<kLgeug4s..l940 M-N 974 Newp Ne Ship & D D 5s rfl990 J-J 107 93 964 96 96 45 4 78 105 10534 110 93 Feb'03 95 34 134 110 91 23 1184 7738 NY FA Dock 50-yr 1st g4s..l951 St Joseph Stk Yds l8t44s. 1930 St L Ter Cupples Stat'n <6- Prop Co Istg 44s 5-20 year.. 1917 J-D JJ 1144 S Yuba Wat Co con g 6s.. 1923 J-J 91 Sp Val Wat Works 1st 68.1906 .M-S 80 USKed<feEefl.sl8tg6s.l93] * * 914 92 dS\ 105 . 1014. 104 104 113 4 J'ly '00 82 Apr'03 89 4 95 10 104 104 '8'2'" "s's' 87 ^>8 aDneJan fiDueFeb eDue Mar dDue Apr jr Due J'ne /iDue Jly fcDue Ang p Due Nov «rDueDeo ^Optionsais 4 n BOSTON STOCK EXOHANGE-Stock Share Prices— Not Per Centum I'nces Jri.'i, em 63S. 63 87 »« 88 Si 88 V; •24 -'47 IHT 137 »^".0 246 136 '285 2:55 *17o 172 •169 • T7-' -'PS • 136 63 Vj 64 Hi lU"-.- 195 •t'To 131 45 283 132 45 •275 134 •42 283 134 45 21 80 •20 283 134 21 166 •165 '275 131 •42 283 lol •42 • 246 195 •275 •132 "42 298 142 118 195 58 \| 90>4 246 139 • 174 195 • 88% 24o 138 235 172 •172 298 140 117 139 235 172 174 '235 173 174 298 140 117 • . •139 118 19 -O'a 13 75 13>e IStfl •74'-j '4 -4 5 •18 IUVj 114 130 130 Si 9 9 Hi HS'4 118 12934 131 8=6 9 6914 70 70 70 118 • 12'- ll*^ *6 230 1 172 •IVi •27 •120 201 172>al72'-j 123 201 9 • 33 4Hi -90 •15 12 100 45 28 12 82 90 85 80 •85 •85 10 •17Hj 80 90 90 83 *85 *86 ••60 •3^ 10 19 * 19 I81-. 415 410 410 415 10 ••08 -10 •08 1*2 MU 88 89 •112 41 38 89 115 2"! *2'.2 7^ 714 334 3S4 II4 •I •534 334 4 •1 Ih G\ 6h 4Hi -75 32 • •62 "2 1" •60 75 *«6 9I4 48 17 9 10 48 17 •1 •1 9 •76 Hi "1 1'4 9 blH. 4S i\ 97g 23 •« 10 23 H. 3>4 CH. es 65 •1'4 5 s IH 3334 ihi •87 4. 1 934 4^ 34 5 17'4 Hj Shi 7 3»» 7'4 54 li« 67 4, 1% Hi 1314 13134 9 1234 12 105 209 •210 1838 2 425 105 104 28 • 45-\ 29 29 Amer Agricul Chem.lOO Do prof 100 50 54 .\nier Puou Serv 20 Do pref 50 1434 77 115-8 .\merSugarRettn....lOO 11834 Do pref 100 13134 Amer Telep & Teleg.lOO l»i8 334 334 II4 64 5 •1 5 -64 74 14 36'8 J'ly '03 Cuniberl Telep & 100 100 10 Tel 100 64 125 4 ETelepliouc 100 J'ne'03 Torringtou Class A.. 25 28 Do pref 2 24 Union Cop L'd & Mg. 2 100 1004 United Fruit 81 5I4 54 N J'ne'03 Plant Comp new com. 100 454 United Shoe Mach... 25 29 25 Do pref 45 29 US J'ne'03 2-^ 35 2334 71% •SO 35 24 72 J'ly '03 13 •83 *85 *85 83 90 90 U S Rubber Do iiref U S Steel Corp Do pref West End Land 85 Do & pref Westing El 90 90 54 Do <& pret 2 Teleg.lOO 100 Mfg.. . iO 50 54 Adventure Con 5 AUonez 5 4934 41 9 25 25 Amalgamated Amer Gold Dredging 5 Am Zinc Lead <fc Sm. 25 25 174 Anaconda 34 4 184 174 2 2 Arcadian LastSale 25 J'ly '03 .Arnold •17 10 23 224 •45 -60 LastSale 425 64 234 •Tue 102 161 J'no 10 170 J 'lie 1 290 J'lvl 320 134 •I'lyl 156 115 J'ly 1 13 190 •T-iy 18 160 .Inn 80 J'nel 344 131 J'ly 2 42 Mar 173 4Mayl 5,707 19 J'ly 2 1,706 78 J'ly 30 475 11% J'ly 27 354 tlS84M!iy21 4 165 Mayly ""17 229 J'uclS 198 J'ne2;i 1,405 74 J'ly 26 105 75 Apr 14 138 30 J'ly 15 7 -tio 1 9»8 425 9 9 23 *-45 4 4 425 25 25 Atlantic 2 234 Bingham Con Min&S 50 Bonanza (Dev Co)... 10 •OO J'ly '03 British Colum (Ltd). Calumet Hecla 25 425 May'03 Catalpa (Silver) 10 25 154 Centennial 25 J'ly 'Oil Central Oil rects.. 10 J'ne'03 Cochiti Tr Co <fe 42 "201" 1*4 IOI4 1183:; 4 J'ly 2 844.)'ly27 170 J'iie2' 8834 J'uell J'ne2' 1634 J'ly 23 166 109 38 4J'iy23 150 Jan 14 Jf* *1 Hi IHj I's 10 85 •82 5 18Hi •3'8 4 90 89 IHi I'* 10 85 4, 84 8 2 10 H4 "463 *i 52 18 '4 98 86 86 8 25 Franlciin 14 10 '4 »5 90 534 184 17% 10 •1'4 4>4 4 1^ 714 01 IH2 GO 1% 4 85 Copp) 10 I'luenix Consol t 25 yiiiroy 25 14 •94 1 94 934 85 •SO LastSale 40 LastSale •W 6% 3J4 194 80 1734 1034 24-4 7 61 Osceola 194 134 •1 6Hi 82 •80 5 4 5% 18 '6 1734 10% 24% 44 •74 LastSale 16 10'% 104 25I4 4^4 7'8 24 4 2434 44 74 44 74 60 03 13h •14 25 25 51 85 •li* 14 16^8 18'4 10'4 11 2334 25 5 25 •334 134 5'4 Apr ;48 Nov 09 .\pr Oct 19 Dec 32 4 J'ly 764 Dec 91 J'ly 934 May 7 Afar 2 4 Jan 24 Jlar 4 21 J'ne 3734 May 1344 Jan 8 112% Nov 135 4 Mar 1224 Feb 18 1 5 Jan 23 Sep 169 4 Fob 18 155 Mar 185% Apr 14% Feb 24 12 Dec 174 Jan 794 Jan 22 73 .\pr 8034 Jan 334 May 6»4 Jan 22 44 May 127 Jan 122 4 Apr 13034 Apr 624 Jan 2 25 Jan 79% Aug 834 Jan 23 7 Not 9% Mar 310 Feb 17 •244 Jan 285 May •204 11713., Oct 33234 Apr FeblO 4834 Feb 20 3()4Nov 413, Nov 88% Febl" 82 Nov 87 4 Oct 190 Feb 2 170 Jan 190 Sep 2 4 Jan 29 l%l)ec 3%.Apr 86 Jan 2 87 Nov 93 4 J'ne 139 Jan 2 135 Jan 151 Apr Jan ' J'lyisl 51 334 03 14 14 UHode 1 10 85 J'ly '03 J'ly '03 82 53*, J'ly '03 62 4 14 i>arrott(Silv<fc 17'f, 11 254 44 73^ 03 Island s.. 25 Santa Fe(Gold<fc Cop) 10 10 Shannon 25 T.imarack 798 "556 Jan 10 Jan 2 314 Feb 6 15% Feb 11 954 May 6 184 Feb 16 57 4 J an 9 39% Feb 5 89% Jan 7 25 25 25 Trinity 1,570 2,544 1,802 108 18 Jan 2 8 4 Mar _ 12 10 J'ly 2 94 J'ly J'nel8 •35 l='732^'<iu 88 4,077 Winona 1,950 14 Wyandot 6 Before payiofa«ae8s'tacalletl in 1903. dBelorepay'tof a88eH8't8caUediniyo2. •Bidandasked. |j J'ly 334 J 'Jy 1 J'ly 5 4 J'ly 3 J'ly 148 J'ly 5% J'ly 31 J'ly 44 J <j 806 460 885 New stock. 124 Dec «i 24 4 Apr 434 Mai 2 Aug 53 4 Nov 78% Feb 334 Apr 4 Nov 1 3 Nov 35 "o J'ly 5 4 Sep 58 an 2 8 2^% J'ly 14 J'ly 1 J'ly 2 J'ly 1 Deo Apr Mai ' 20 l04Mai Feb Jan Apr 12 Jan 64 Dec Apr I 1 13e 64 Jan 834 Mai May 2 Jan 28 24 J'ly 1934 J'ly 65 4 Oct Mar 56 J'ly Jan 146 4 Sep Dec 119 Feb 9 lL4Feb 24 24 Jan 9 3934 Dec 650 2.0 5 Mar 17 3 Jan 12 17 4 Feb 9 18 Feb 6 2 4 Jan 23 1 4 Dec 6 Dec 20 4 Jan •40 Jan 13 4 Mai Jan •37 181. 4 54 Apr 2 3 16 4 J'ly Dec 6 21 May 5 1 -2 '-^ 1-1 Dec 5 Oct 15 3->4 Mar 43 14 10 24 13 Mayl4 2 131% Jan 10 118 4 Feb 6 23 24 J'ne 19 J'ly 27 43 4-l'ly2 •40 1734 9;982 2,845 6,073 Wolverine 7 4 Mai 22 91 Mar24 Feb 13 16 75 48 3 Feb 19 Mai 2 4 Apr ,S34Apr Feb 106 4 Apr 864 Jan 1154 Apr 89 Jan 117 Apr •72 Feb 11 10 31% FeblO 11 1 64 Jan 3 24 14 Aug 85 4 J an 117 Sep 46 Jan 574 May 29 Jan 33 4 Apr 11 4 Jan 1 5 4 Sep 804 Jan 914 Sep 134Jan 19% Oct 49 Jan 62 4 Mar 29 4 Dec 4634 Jan 79 4 Dec 974 Jan Marl2 420 J'iy24 551 Febl 280 75 UiiitedStates -Mining 2 Unit States Coal &O1I 2 Utah Con (Gold)tr re 4^85 25 Victoria 25 25 25 Feb 28 Feb 2 Jau2U 36 16 J'ly 4 Jiyi 210 85 J'ly 2 284 14 J'ly 2 160 1 J'ly 2 385 100 United Coi)per .Mar 4 Jan 12 •50 6 •75 •75 •50 1,780 y 6,425 recumseh Tennessee Trimountain Apr 21 5 111 53 34 Jan 25 Dec 41 4 Sep Jan 250 J'ly Jan 104 Oct Jan 177 J'ly Oct 27 Jan Jan 30 Oct Jan 6 21 Jan 216 6 Feb 13 Jan 5 100 2634 Jan 15 26 2934 Jan 5 28 J'ly 27 110 •OS 1 20 237 10 132 334 J'ly 17 112 400 1"% 51 4 •1'4 '4 J'ne J'ly 24 75%Marl2 I'eo 14 FeblO J an _ 1234 AIar21 15% J'ly 24 314 Feb 25 14 J'ly 21 6 4 Feb 9 420 Apr i) •;I5 Marly •25 8 J'ly 20 14 4 Feb 10 610 2,050 204 J'ly 24 39 4 Feb 10 160 60 J'ly 15 •90 Maris 8 Feb 3 4 J'ly. 25 235 t "80 J.'ne 5 190 4 Apr 22 171 •80 1134 J'ly 2.-^ 28 80 J'ly 27 102 296 20 85 1 85 200 Guanajuato Consol.. 5 64 64 64 64 Isle Royale (Coiiper). 25 1,847 514 •434 5 Consol 727 25 54 Mass LastSale 24 25 J'ly '03 Mayflower 7 7 •64 Michigan 25 665 7 36 364 364 25 5,612 37 Mohawk 61 18 4 83 4 15 4,514 1124.Tly20 482 117 J'ne 7,240 128 J'ly 15 84-l'ly 17 900 1,176 69 J'ly 24 3 4 •J'ly 2 119 4 J'ly 2 880 104J'ne 9 6 J'ly 13 35 328 225 J'ly 24 15834 J'ly 25 639 5.181 30 J'ly 24 2,419 744 J'ly 24 35 170 J'ly 21 14-)'ly GOO 10 2434 "25 123 J'ly 2 J'ly 9 Apr 24 368 197 J'ly 15 9 Mar27 15 329 00 J-ly27 25 J'nell "56 28 J'ly 8 134 Jan 12 20 728 93 J'ly 24 599 44 J'uell 321 28 J'ly 18 7% J'ly 22 20 55 78 4 J'ly 15 13 J'ueiO 60 33 J'ly 27 8,431 2134 J'ly 24 2,829 6y J'ly 24 •50 Jan 14 Granby Consolidated. 10 1,500 ??* •1 10 14 •80 Jan 604 13 J'ly 27 26 Feb 11 378 724J'ne23 86 4 Feb 1 11933 9 52 '4 19 4 44 Highest 83 Apr t)5 ]\larl3 297 4J'uc 07 Mar 57 Jan 6 150 Sep 172 Mar Jan 2 123 Nov 136 Mar 96 4]Mar24 196 Nov 202 Jau 70 Mario 100 J'ne 1 iM\ 4 Feb 86 Feb 19 280 Oct :95 Feb 434 Feb 10 141 Dec 48 Mar 42 Mar 47 J'ly 50 J'ne 180 FeblO 172 Jan 784 J'ly 3734 Feb 18 33 Dec 45% Apr 96 Jan 7 92 Jan 99 J 'ne 28% Apr 25 224 Dec 31 Mar !25 Jan 7 210 Jan 254 Apr 734 Mar 3 170 Jan 175 Jan :32 Marll 230 Jan 38 Apr 1124 Feb 13 206 Dec 217 Apr 91 May 11 68 May 85 4 Sep 85 Jan 9 79 H May 91 J'ly 71 Jan 20 64% Dec 1254 Apr 25 Jan 12 25 Nov 31 J'ly 8434 Jan 10 58 Jan 90 May 104 4 Jan 6 103 Oct 110 Mar 104 4 Jan 9 93% Dec 113 Aug 95 Jan 27 86% Mar 94 4 Aug 178 Feb 25 172 Jan 178 J'ly 97 FeblO 92'->,. Oct 99 JLar 116 Feb 14 11141 )ec 117 J'ne 26% Jan 15 19 4 J an 34% J'ly 52 Jan 15 39% J an 55 4 Sep 150 Jan 14 145 Nov 152 4 May _ 9 Apr 8 236 50 195 177 15 LastSale i4 44 •76 J'Jy'03 Montana Coalct Coke •75 ••75 1 1 Montreal & Boston. 1 LaslSale •75 May'03 National •1 14 •1 14 II4 14 Old Colony 10 4 11 104 114 114 114 Old Dominion (Cop).. 52 14 18 '4 ^ J'lv2 itg Cons Mercur Gold... 3,074 la 8 Mayl 13 Febl 25 Apr '03 Continental Zinc 424 43 Copper Range Con ColOO 13,879 37 J'ly 2 _ 39 39 36 4 Ja J 20 39 20 1,190 39 Daly. West 914 934 90 100 1,755 7i! J'ne 904 Dominion Coal 112 115 •112 100 105 112 J'no 115 Do pre! 2 4 Jan 3 3 8 3 Elm River 12 1,370 U«32 LastSale 414 4234 . 53 Jan 1,446 4'-^ • •75 J'ly 75 94 1,833 1,740 CopperlOO 30,738 J'ne'03 9 2 10 -9 Lowest Jiiflhest Milling 5h 54 404 42^4 LastSale pref West Telep 13 100 100 100 100 100 100 Leather Do LastSale 84 Last Sale 25 84 36 YN Pullman Co 100 Reece Button-Hole.. 10 1044 Swift & Co 100 Last Sale OS 15 4 15 15 8 64 Boston it Providence 100 Chic Juno Rvit U S V 100 Do prcr 100 Con<fi: Mont Class 4.. 100 Conn <fc Pass lUv prel 100 Connecticut lliver...lOO Fitchburj; pref 100 Houston Kl'trio com. 100 .Maine Central 100 Mass Electric Cos 100 100 Do pref .Mexican Central 100 N H & Hart.. ..100 100 Xortlieru N H Norwich * Wor prof 100 Olil Colony 100 Pere Marquette 100 Do prof 100 Rutland pref 100 Savannah Klec coin..l0o Seattle Electric 100 Do pref 100 Union Paoitic 100 Do pref 100 lOO Vermont & Mass West Eml St 50 Do pref 50 Wisconsin Central. ..100 Do pref 100 Wore Nash ifc Koch. .100 9 4534 * 10 4 9 *24, 3 24 100 1004 1004 434 •1 a;125 Last Sale 25 -90 l^ia JIaine pret 12 64 9 83 '85 •85 •08 •lO 154 16 IHi & noininion Iron & St.. Kast Boston Land 23)4 235 234 236 Kdison Elec Ilium.. .100 162 I62I4 162 163 4 General Electric 100 34-'4 34 3434 35 ilass'chusettsGasCoslOO 7734 7i-*4 774 78 Do pref 100 '172 4175 172 172 4 Mergentlialer Lino.. 100 1''^ 1\ 14 1% Afexican Telephone.. 10 LaslSale 274 J'ly '03 N E Cotton Yarn pref 100 1234 83 90 90 •12 15 15 4134 43 4 43 Hi 39 39 Hi 39 14 94 95 95 115 '112 115 234 3 34 35., • 4 90 10 23 H. 22 115-8 11834 37 4134 7'.. 4 82 16'4 9»8 * 131 6 415 7 4Hj 17 IHi l"* 15 "44 llS41187g 534 18% •1 6 60 90 82 5^ 20 9 Year (190-i) iUisccllaueoiis 1154110 45 •'b 29 -30 8'4 334 lh> O^i 4H. IHi I's 7 10 1* 9 76 "2 234 8'4 334 6 4 00 85 80 3 T'a 334 1 IGJj •334 Ih. 87-2 87 IHi •12 41 H2 39 92 H2>4 •112 GOSi 48 16 4 • Ih 15 42 39 90 h 14 evi 33>2 • 81 1 534 4 •1 82 •12 38 37 S> 90 112 14H2 J'ue'03 1434 • 3 lOO"* SHi Ih IHl 15 2'a 7'4 334 • 14 '4 •8 •12 13 J'ly '03 J'ly '03 77 28 534 • 430 10 90 110 15 • . 13^4 90 • Last Sale •134 2 2 2 I's ••25 ••25 ••55 ^50 '50 i»i2 10 9 10 •«>a 9Hi 8Hj 21% 22 2214 23 23 2112 23 •50 -60 •50 •50 •50 -50 4I2 -3'-2 534 44 iht -3Hj 4Hi 415 ••VS 13'4 90 110 77 •44 209 oVt 2 •l^e ••25 -50 •8 21 33 24% 24''e "2334 "244 72% 72-'>6 72 4 73 •80 LastSale 12 '4 12-4 124 124 534 4^8 5 Hi 5\4 4>2 5 5 6H2 40 14 43 "s 3713 40»B ••30 *-30 -90 ^90 16 Hi 754 33 Last Sale 263^ Last Sale SS^ Last Sale 150 28 37 23^8 24 Hi 72 »« 72 H2 ••80 1134 12 Hi • 754 35 205 79 77 80 33 'SO 83 89 90 •201 LastSalc 70\ 70 204 76 75 90 110 81'4 22»a 24 12 Hj 12 Hi ••30 100 100 45 Hi 4534 28 H» 29 8 8 J'ne'03 32 102 -4 104 "25 25 '4 •24 80 'a5 85 23 Hi 70 's 35 78 175 28 • 3 168 23U 100 100 100 I.owell <& 94 94 Amer Woolen 70 4 704 70 704 71 Do pref Last Sale 34 J'ly '03 Boston Lanil 9 28 •2Hj 98 100 Hz 45 45>2 28 "a 29 80% 4>a 3 197 * 41274 1274127 4 9 25»4 14 197 168 '-. Last Sale 15 J'ly '03 Last Sail SO Feu '03 Last Ha le 93 J'ly '03 74% 75% 75 75 854 85 4 ...... Last Sale 2761 J'ue'03 206 104 784 14% 197% *6 175 127 104 •25 28 23 784 14% 204 •75 75 84 1334 34I4 77»4 124 • 22»4 /.a St.Sale 5'4 2384 239 16141634 203 Hi 205 i-i 29 -2V3 100 46 29 83 89 •80 124 103 25 >4 •25 •28 3 •2>a 69^8 ••80 •13 •6 13 734 794 1174 Last Sale Z2»4 • • 9 99 104 25 \i 29 23 6934 J'ly'03 2 23 76 *1»S 28 123 • 9 98 46 29 70 1^8 29 w. 125 • 103 •25 • 28 84 191 133 Mar'03 78 14 196 131413134 9 140 118 117 191 •165 15 19 116»,117 llSTgHtti, •6 6 Hi 235 239 160 164Hi 33 Hj 34^1 77 7734 174 174 6'5 204 >a 201 H: •4H» 118 1234 ll'^g 235 161 34 W 7434 77 Hi 59 H; 75 H. 70 •170 GO'S * 230 160 33 230 15834 6 18 116 11634 llSKtliyVi 130Hjl32 SSj il8 • 1'2K a\i •6 5 * ll.->ij 1394 140 J'ly '03 21% 74 74 2i)8 Last ^'ale 23^4 •13Hj •75 5I4 20 16 19 113^4 liv, 14H. 13 75 * Boston Boston Do 133 Last sale 42 45 am ,,.... 173 176 134 134 • • ...... Lait Sale 2S0 797g 79 79 79 80 11 'a ll-s 14 »8 14-'!> 144 14H: 12»4 1201, 195 195 196 196 195 193 IS5 195 168 106 166 • 168 • 168 ' •220 22S •220 228 •220 228 •220 228 ^201 205 201 201 201 201 JOl 201 74 77 76»4 79=8 • 7934 78'-2 80 •75 -75 75 77 75 77 •75 77 •30 '34 34 40 34 34 35 32 •15 •15 •15 •15 • • • 78 78 78 •95 100 •95 100 "95 100 •95 100 75^8 74 7434 75»8 '^ih 75Hl 76 74V< •84 '4 «P* 84'4 Sol* •85 85% 85 86 170 • 170 • • 170 170 89 '4 90 90 89*4 90 90 •90 110 110 110 110 110 llOHi 110 110 80 81 140 118 Lowest Sliare.i Unilronds 62% Atch Top it Santa FelOO 4,646 61%J'lv30 89 "s Jan 10 74-% Jan 96>.iSep " 89 366 874 0'ly Do i>ref 100 1034 J an 10 95 4 Mar 106 Sep 112 44 J 'lie I 2t )2 4Fob 4 256 4 Dec ;66 May 2464 Boston <& Albany. ...100 140 Boston Klevated 874 136 J'ly 2 1;r)4 Jan 5 149 4 Dec 734 Mar 100 '170 •172 •165 l'J8 EXCHAKGE Range lor Previous tor Year 1903 the iVeek 01 ,, 2464 195 .... ...... 30*5 62 89 S9 247 140 235 172 174 298 Mange Sales BOSTON STOCK Ftidav July SI 61% 63 62 Hj 63 's 901-.' 247 137 235 172 Vii 117 117-4 117=!i » •It;? July 39 87 K. 89 347 •245 137 137 235 •230 171 172 174 STOCKS Thursday July 30 IVednesday Julu VS V? 298 140 • 138 is".; Tuesiiav .Won<<a« Saturda July 25 Weekly and Yearly Record, Daily, 4 Jan 4 Dec 24 9 34 Dec Dec 12 4 Dec 1 4 Sep 7 54 1534 Jan Mai Feb 5% Jan 25 Feb 21 4 May 3% Mar Nov rfi34Mar Feb 13 d21 Jan Marl3 3 J'ly Jan 10 1 's'J'ly 494^^ep 6 Oct 434 Mar 134 Jan Jan 1 14 Jan 21: Dec 4 4 Jiar 2 4 Feb 9 75 23 4 Fob 9 14 4 Nov 25 Feb 79 Feb 47 4 Nov 8934 Feb 34 FeblO 21 Nov 34 Feb 5 May Feb 11 74 3 Dec 1264 Feb 6 100 Nov 147 Feb 4 FeblO 4 14 J'ne 34 Mar 4 Feb 3 Jan 23 14 sop Apr 23 8 Nov 18 May 11% 190 Feb 6 140 Dec 281 Feb 34 J'ne l«ieFeb 9 50 Jan Jan 28 3334 .Marl2 13% Mar 18 4 J'ly J'ly 24 106 4 Feb 20 rf34 Jan 125 Feb )-"eb 9 « Dec 184 Mar 4 4 J'ly '-'4 14 15-'4 J'ne22 3J->4Jau V 27 Sep 3533 J'ly 80 164 J'ly 24 22 Jan 24 9% J'ly 27 27 4 Feb 9 17 Marl6 13 4 Jan 13 Nov 33%Muy23 194 J'ly Jan tAss'tpaid. 184 J'ly 27 4 Feb 4 Dec Marl6 dl Marl2 42 2% Marl 7 50 an 6 Aug Jan 65 Dec Nc ov 1 9 3 J'ly 24 5 4 J'ly 24 11434 61 J'ly 28 77 1 Dec 23 Feb 9 4Es rights. Oct 7 '4 J'ly aEx-div.& rights 5 August ; 1903.] 1, Boston Bond Record BONU.s BOSTON STOCK KXCH'GE AVeek Exdino July ;u Week's A'ange or Last .Sale J*rice J-Yidaii July 31 Bill AmTt-len&Telcoll tr -Is.lit^!' J.J Atclnfc Nebraska 1st Ts..l'JltS MS Atch Top & a Ke sen s 4s.. Ht!i."> A-O J'lyl'JOJ Nov Ailjastnieut ir 4* Boston Boston & l.owoU 4s 9S!34 Sale 87 S6 120:'.i "g FA 99 Bost it Mon 3(1 issue "s... l;It)l M-N Boston Terminal 1st 3'-js.ll>47 FA Bost Un Gas 1st 5s trrocts-lilo!' •2d Bur OS trust receipts it 5[o Hiv ex Us IVU^ 114 V No Mich W 1st 4s... Coal lat Or Kap it 125 . -;orn 1st goldOs Note— Buyer pa.vs accrued '03 9l3e J'ly '03 Q-j| interest 11 7 '4 , 117'.! 82 's 8S 100 101'., '99""ioJC 105='4 105^1 98 100 Ik 98 99 90 ^ Wh 10310 1073.1 90 9S'.. " 12s 127 107 107 K, 125 125 Hi 102 103 1 1 2 1-. 14 1 1 2 " 1 103'4 95>-2l00 110 107 '4 Sj Mh 94 913s m addition to tUe purcliase price tor Philadelphia and Baltimore Stock all Saturday July 25 July 66 100 19 hj 1938 34 iiU -47 July 29 G6 100 1034 1034 66 19 1912 34-4 1034 66 66^4 100 1938 19 Vj 3418 34'2 1034 10^8 34 1034 19 34 1034 Boston Bonds. " No pnoo .-ACTIVE ISTOCIvS Thursday July 30 Wed7iesday eev; 100 IDSj 19=8 34»8 34'* 10\ IVVi Tuesda v JtUy -JB ilondaxi Sioux C 1st 7s. .1917 Kan C Clin it Spr 1st 5s... 1925 Kan C Ft S it Unit Isl 7s..l90S 192S Kan C Ft Scott it .M Os 19:;4 Kan it B gen 4s Marl9;il Income 5s Ivan C it M Kyit Br 1st 5sl929 KaiurStJOifcC B 1st 7s. .1907 li Hit FtSm Idgr l8t78...1905 Maine Cent cons 1st 7s. ..1912 1912 Cons 1st 4s M ani ougli & Onl 1 st Gs. 1 025 Mexican Central cons 4s. 191 Jan 1939 1st cons inc3s Ian 1939 •Jd cons inc 33 .Mu'll Telep cons 5s tr rec.192',1 Miiine Gen Kloc con g 5s 1929 1929 New Kng Cot Yarn 58 1900 Xi'w Kng Telopli Os 1907 Os 190S Os 1915 5s 1905 N YifcN EnglstTs 1st Os 1905 Old Colony gold 4s 1924 Orog Ky it Nav con g48..1940 1922 oreg Sli Liino Ist g 6s Kepub Valley 1st s t Os...l919 Kiitland IstOs 1902 lUuland-Canadlan 1st 4sl949 Elec 1st cons 58. 1952 Savannah seattlii Klec 1st g os 1930 Tonington Ist g 6s 1918 Union PacltUifc 1 grg48.1947 Ist lien conv 48 1911 United Fruit conr gen 58. 19 11 Vermont <fc Mass 68 1903 West Knd Street Ry g 5s. .1902 GohUHjs 1914 Gold debenture 48 1910 Gold 43 1917 Western Telopli & Tel 5s. 1932 Wisconsin Cent 1st gen 4sl949 Wisconsin Vallev 1st 7s. .1909 J-l) M-N MS 66 Stocks see belowj Baltimore Consolidated Gas Xorthern Central 66 01 100 Low Jlidli 101 I23I4 73 ;::::;:;::;: J.J FA 'W^ 101 A-O A-O A-O A-O J'ly '03 15 21'aJ'ne'02 75 J'ne'03 104 Mar'02 102 105 104 FA 102 J-l) 1 95"' 102 1 00 '«! Oil's 100 103 102 10334 119 11 J'ly '03 110 May '01 00 Is Oct '02 119 Oct '02 119 105 100 102 M-N J'ne'02 Mar'02 94 V2 M-S 94''- 94'-j 104H; 104^8 May'03 107 Fob '03 FA 104 '2 107 100 92 "s 103 ::::"::::: 100 J'ly '03 93 J'ly '03 103" ioi" 103 103 100 Sep '02 101 Oct '02 105>iJ'no'03 J-J M-N M-S M-N iM-N M-S M-N 102^4 FA J-J J-J J-J 100 Daily, li '-J 101 14 100 111 10234 10234 104'4 102 101 J'ly '03 101^4 8714.7'ly'Ol lUi-j Apr'03 latest bid anil asked, ; 90 100 3 07 105 '2 108 Apr'03 102 101 101 103 1-2 Feb '02 102 112 F-A J-J J-J J-J 76 97 102 9,su, Nov'02 lOO'sMar'OS 10;; 103 103 102 J-J J-J Ill's 104 123 >4 I2314 102 1 02 lis lis 73 7834 15 26 Apr '03 103 99 V 98 Vj 91 10S4 0(> <8 10.S>.j 15 .:":..-.. 99 Uj SO J'ne'03 75 72 J'ly irjHj I2.P4 1 Apr '03 102 118 J-J 130 100 110 115 90 100'8.Muv'O3 108 Hi lO.si... 102 J'ly '03 A-O A-O A-O 1 iliyh 97 Hi 100 97 101 Hi 130 104 J'ly -OS 90'.2Mnyo3 SO J'ly '03 95 J-J J-J 105 U4i.2n4'2 Trust Co. ctfs. Weekly, Yearly Jiange for Year Jianr/e lor I'revious 1903 year (1902) tlie Week Shares '100 105 50 19»8 1918 Seaboard Air Line 100 19 -34 3412 Do prel 100 34 lO'Js 10!^ United Ry & Electric. 50 1034 Since January OdHi Spl A-O Frulay H> Jxanpe. 5-'= 97'... 97 Sj 130 Feb '03 100 100 J'no'03 iV'J" 110 J'ly '03 iis"' Sale 115 lit; Sales (lor Bonds and Jnactire t^iday July 31 98 A-O A-O la Fallsit Exchanges— Stock Record, Share Prices— Not Per Centum Prices 97 (llinois Steel . 135>2l3M Mar'03 137 1371-2 89 121 88 137 88 deben Ss 1910 J.J Non-couvertdeben 5s... 1913 A.O 3^ eeK's Ask Low Bid 1 1 107 105 J'ly -03 i-j SS'^ Sale 115V 100 105 105 lOO^g Mar'02 IIII4 MHy'02 135 >2 J'ne'03 Sale .VO 135 A-O 135 J-J 102-\113 80 91 108 107 105 .M-S .M-S .M-S iuchburg4s 113'.2ll3'-.! lOlHi J'ly '03 951" 95 Hi 96 MS 1913 1900 1904 4s 1927 FrenitElkifc .MoV 1st Os.. 1933 Unstamped Ist Os 1933 Gt Nor C B it y coll tr 4s 1921 Registered 4s 1921 03 nioii 100 A-O 101 132'4l:;2 105 105 90 J'ue'03 125 J'ly '03 125 la .•Vi>r'(»3 103 J'ly '03 103 J'ly '03 109 »4 Mar'02 Jul II 31 CM 101 114 H2I4 Jan 1927 .\-0 194ti K; J a 11 '0 132>4Mar'03 117»4Feb'03 84 J'ly '03 100 J'ne'113 110 Ain'Ol 99 J'ly '03 1053^ Fob '03 99 J'ly '03 100 nee '02 9SS;Mny'03 90>.j 90 Hj & W Mich J-D Concord it Jlont cons 43.. 1920 J.D Conn & Pass K Ist g 4s.. .1943 A-O Current Uiver 1st 5s 80 '8 92 114 114 105 4iJ*ly'02 99 S> May'O,; 100 J'ne'Ol ... i'i's" MX 1st ;iu5s.l931 jreu 5s. ...1921 n Apr'Ol 9O'-jFeb-0: Coll trust relundiiiir !r4sl940 A-O Ch Mil it St P Dub D lis.. 19J0 J-J div iisl920 J-J Ch it St P Wis it 97^ imv II h'anye or Last .Sale J-yiitaii (I It ;< 1.. 1 1 3 U 17 97»sl01-'i Feb '03 113 lt>3!' W M 15 31 101 .Mar'03 113>-jJair03 19 IS Non-0 xompt lis 1910 Siukinn (uuil 4s 1917 A-0 Butte tt Boston Ist Cs Cedar Kap <fc Mo K 1st 7s.l9Hi M-N 1909 J-n 73 2d Cent Vermt 1st j;4s..Mayl920 i^-K 84 ChicBurUfc Q 1st 7s 1903 J-J 1919 A-O Iowa Div 1st OS Iowa Div 1st 48 1919 .\-0 99 102 Debenture 5s 1913 M-N Denver Exten 4s 19'.'-J F-A Nebraska llxten 48 1927 M-N 1921 M-S B A- S SI 4s lUiuoisDiv ji-js 1949 J-J 90 91 Joint bonds AVe Gt Northern Vj. Cliic Jc liv A Stk Yds .-.s .1915 J.J 104 Clue Chic 98 90 Hi I.otp 104'-j.\pr'00 JJ li'J I ..UlO."> Ao JYici' BOSTON STOCK KXCU'GE WKEK ENUl.VCi JULY 31 Janiiarti 1 Jiiyti /.ow 9 7 Ha 95>4 243 1J()M>S Jia nge .Since ll3>-jFeb'03 9S3j 97«B 88^4 J"lv'03 J-O I'.iOT it Maine 4H:s Improvement 4s J^sl.• 98 Sale 96 \« Sale lOOS J-J Ani Bell Telephone 4» 5 1 Lowest Highest Lowest Jiighest J'ly 27 72i2Jan o 6214 Jan 74 4 Sep J'ly 27 118 Jan 12 104 Jan 125i4J'ly 2»i4 Jan 2 23-''8 Dec 19 J'ly 29 3l3i Aug 34 J'ly 21 45 Jan 2 40i4Dec 5,=)igAug 10i2.1'ly24 I414 Jan 3 13 Oct 17 Mar 246 66 4t^ 100 3,097 '.',905 2,216 Pliiladelpliia American Alkali 50 Jan 10 Is Do 2134 2178 10 >« lOig 65 60 39^4 39 "a OO^s 38 23»8 4034 "-J -a b^ *14 15 23 '2241316 4034 40 33 >! 43 •33 42 "s SX'i 6234 •32>-2 &\H 39 5>2 42''g 81 '8 40 34 43 S3 7^4 60 40 67 3^4 40 15 24I8 •lii.. 1«18 60 i9h 5^ 6*18 2234 25,6 9'8 9 GOi^eOiSie 39 22 "i •2»i8 2134 •238 '-i PHILADELPHIA Ol^s 30*4 5»16 14 24«i8 -40',. 223< 2'e SV2 62 40 15 25'* 41 imer...l% Steel c Easlon Con Electric... 50 Electric of America. ..50 Elec Storage Batt 100 Preferred 100 Gemiantown Pass 50 HarnsoQ Bros pref. ..100 luiUauapolis St 100 Inter sr.i Po w & Chem.50 Keystone Telephone ..50 pref.. .50 N orris. 50 44 44 80 85 \ih^ 6^6 50 neral 10 iron Steel.. Steel 10 J C..100 & RR& Trans 25 irac Pitts 50 Prcltrred 50 "Warwick Iron & Steel' 10 "West Jersey & SeaSh.50 Westmoreland Coal 50 <fc . • ll'^s 1'2'2 24i..!24l3i6 34 Do 2d pref 43 12 43-'4 Union Tracton 84I2 85 United Gas Impt *33i.2 *13 PHILADELPHIA 44 14 4434 06% All City 1st 5s g '19.M-N BaUs Ter 1st 5s 1926. J-D Berg&EBrw 1st 0s'21 3-S 40 WelsbachCo 20 110 93 1-4 118 110% 104% 105 Elm it 8 59 82 Eq II "\Yil l.st 6s '10. J-J Gas-L 1st g 5s 192i!. H & B Top con OS '25 A-O Indianapolis Ry 4s. 1933 Interstate Rys— 3-3%-4s 1943 F-A Lehigh Nav 4%s '14.Q-J RRs 4s g 1914. Q-F Gen M 4%s g.l924.Q-F Leh "V C 1st 5s g '33.. J-J 62% 63% 4 107 50 87 46 9412 51 8S 47 95% 1 234 I's 273"' Leh V ext 4s 1st 1948. J-D 2d 7s 1910 M-S J-D J-D Leh V Trac 1st 4s''29. J-D Nat Asphalt 5s rccts.. New Con Gas 5s 1948 J-D Newark Pass con 5s 1930 Consol 6s 1923 Annuitj' 6s NY Ph & No Ist 4s '39 J-J Income 4s 1939. ..M-N MN No Penn 1st 4s '36.. Deben 6s 1905 M-S Penn gen 6s r 1910. .Var Consol Gs c 1905. ..Var Consol OS r 1919. ..Var Penn <fc Steel con Gs. Pa ife Y Can 7s '00. J-D N Md 111 98 113 98 14 111 106% || Rochester Ry con 5s 1930 S R E Side 1st os g '35 J-D L& Eundg 5S.1910M-N Exchange 3%s 1930 J-J Bait Refunding 3 %s 1952 J-J Balt& P l.st Gsml'll A-O i0734' ibs'it Lowest is ex-dividend. t 97 14 Ii80'nel5 i4J'ue 8 59 J'ly 15 2634 Jan 9«ie Jan 4034 Jan 5 2 2 5 79 >4 Feb 45 'g Jan 30 4 Jan I2 Feb 18 1 Feb 10 Jan Feb 10 Jan 8 IOI4 J'lyl5 17''8 Jan 5 2034 j'nelO 341I1B Jan 2 40 J 'ly 27 441I18 Feb 6 3812 J'ly 27 5 I2 J'ly 7834 4734 (9 1 Apr 10 4018 .Tan G 42^8 J'ly 24 4734 FeblG 8114 J'ly 15 IIOI2 Jan 31 24 Jan 8 31 Marll 33 Is Sep May 29igSep Dec 30 Apr 33 05 Dec S0i4Apr Nov 7934 123 14 126 12034 Chaii C & I4 ^16 Aug 105 124% 134 J'ly 85 Sep 5058 7334 Jan 43i2Dec 313 Jan Apr 9% Sep 814.1'ne IS'^s 26i4Mar 393i8 40 30 32 1st Gs tunnel. .1911 J-J Bait Trac l.st 58.. "29 M-N No Bait Div 5s 1942 J-D Convertible 5s.'06 M-N Central Ry Os... 1912 J-J Con.sol 5s. ...1932 M-N Exl&Imp 5s. 1932 M-S Clias City Ry 1st 5s '23 J-J Ex-rights. Oct Sep Mar 45i8Sep Jan Jan 40°i6Oct 4834 Feb May 40% Sep 101% May 126 24 Jan A ext 5s.'09 J-J 2d 7s 1910 A-O City<tSublst5s..'22 J-D City it 8ub("Was)lst5s'48 5s J'ly 34 Oct ColifeGrnv lst6s.l91G J-J Consol Gas Gs... 1910 J-D 105% Sep 29I4N0V 38% Dec 2 "8 Feb 5iii6 0ct 97% Chas Ry G it El 58 '99 M-S 61% 02 Apr 1 23 BALTimOKE Ask 115 123 104 Jan 10 1939 J-D Bid AsIc 80 111 113 112 111% 81'a 112 116 113 97 113 108 IO8I4 94-''4 109% 110 Ga& Ala 1st con 58 '45 J-J 107 Ga Car & N 1 st 5s g '29 J-J 106% Georgia P 1 St 6s ... '22 J-J 117 GaSo & Fla 1st 5s 1945 J-J 112 109 108 112% 47 '4 34 103 118 MetSt(Wash)lst5s'2oFA 116 . 114 Hi lie Bid 138 J'ly 30 5 J'ly 30 65 J'ly 25 37^8 Jan 3 2 J'ly 29 BALTIMORE Inactive S<tocks Atlanta & Charlotte. 100 60 58 Allan CoastL (Conn)lOO Canton Co 100 103 Georgia Sou & Pla...lOO 101% 102 1st pref 100 10734 2d pref 100 113% G-BS Brewing 100 120% Mt Vernon Cot Duck 118% 119 Unit Elec P prel. 50 135 136 70 Bonds Anaco.stia & Pot 5s 100% 107% .A.tl& Ch 1st 7... 1907 J-J Atl Coast L(Ct)ctfs 5s J-D 113 Cttsof inrtebt 4s 99 J-J Bait C Pass 1st 5s '11 M-N 114% 3,392 2138 J'ly 24 Is G-B-SBrew 3-4s 1951M-S 47 110% U Trac Ind gen 5s'19.J-J 97% 99% 2d income 5s 1951 M-N 30 U Trac Pit gen 5s '97 J-J Knoxv Trac 1st 5s '28A-0 100 114 Welsbach s f 58 1930. J-D 59% LakeR El 1st gu5s'42M-S 115 80 Con 5s 1939 A-O 110 112 Con 4s 1939 A-O Penn Steel 1st 5s '17 M-N 4% CO 654 People's Tr tr certs 4s '43 81 P Co Istit col tr 5s'49 M-S 10934 11014 Bid and aaked prices; no sales on this day. & E gen M 5 g '20. A-O Gen M 4s g 1920.. AcfcO Ph & Read 2d 5s '33. A-O Con M 7s 1911 J-D CouM 6s g 1911.. ..J-D Ex Imp M 4s g '47. A-O ConM of '82 48 '37. J-J Terminal 5s g 1941. Q-E P W & B col tr 4s '21. J-J P 99 112 Ry 1st con 58 1932 ConTracofN J 1st 5s. '33 1011 E&AlstM5s 1920 M-N Elec & Peo Tr stk tr ctfs 50 100 Phil Elec gold trust ctfs. Tru.st certifs 4s Col St -^ 200 50 50 4,986 PHILADELPHIA Ask Bid Bethle Steel 6s 1998. Q-F Che & D Can 1st 5s '16 J-J Choc & Me 1st 5s 1949 J-J Ch Ok tfe G gen 5s '19 J-J Co 534 Philadelphia 4012 41 Al Val E ext 7s 1910 A-O 117% AmRys conv 5s 1911.J.D 7 '.< ! 3934 Pluladelp'a 44 710 RR 50 8,271 (Pittsb) 50 6,121 Electric. 25 7,090 Phila Rapid Transit... 50 4,225 Reading 50 36,293 Do 1st pref 408 50 62 50i« 85 14 50 3,151 8,548 5,077 136 2,036 Pennsylvania 0134 44 Steel. 100 i'liTsi) Lelugh Valley MarsdenCo 100 Nat Asphalt Tr Co rects 50 Do pref Tr Co rects 50 391-2 8434 ;vania..50 salt 50 Steel.. 100 d 2 534 43->4 ,- mia 40 2 6218 8334 Preferred 50 Lit Brothers 10 HttIrs<)ui/lkiU 50 Mui !!UylH..50 Nes. 50 ^'1 it 40 40 14 43 »4 ' ~ Dian Prelcricd 6512 Hi 39 534 1234 13 ISVj 14 249i8 2518 246ie 24^8 «40'2 41 4ol3i64013iB *33i2 34I2 'iS^ 34 Ask l^a 6 534 40 14 40 51I19 22 14 Kontis 10 50 American Railways... 50 Bell Telephone 50 •ria Iron 50 en & Trenton 10 ^--iral Coal <fc Coke. 100 Preferred 100 Consol Trac Pitta 50 Pk 50 JDaii 67 4018 4018 2 2 6218 61"i6 61i3ig 534 Steel <fc 60 6712 3979 40^8 2 2 347,8 »47l6 Bid American Cement Iron 2234 22^8 138 HB16 5 6 223, l^°ie S I'^s 734 •66 60 40 Inactive istocks Amer 2234 pref 50 50 22 "a Cambria Steel 1^8 Consol Lake Superior. .100 Do pref 7 lOU 67 Lehigh Coal <fe NaT 50 Sfl 150 240 92% 42 95 70 10 1^4 36 158 260 97 45 98 73 11 1% 38 92% 95 106 105 85 105 121 110 111 110 111 112 117 101 110 114 115 104 108 89 107 123 110% 113 114 119 105% 1st 5s. 47% 14 100 N&O 98 105 North Cent4%s 1925 A-O 108 6s 1904 J-J 103 Series A 5s 1926.. ..J-J 115 Series B 53 1926. ...J-J 115 Pitt Un Trac 5s 1997. J-J 112% Poto Val 1st 5s 1941.. J J 106 Sec AvT( Pitts) 5s '34 J-D 117 Sav Fla & West 5s '34 A-O 114 77% Seaboard A L 43 1950 A-O Seab & Roan 5a 1926. J-J 110 Soutli Bound 1st 5s. .A-O 106 1st 58. .Var Npt P 1st 5s'38 M-N Norfolk St 1st 5s '44.. J-J U El L&P 1st 4 %S'29 M-N Un Ry & El 1st 4s '49 M-S 2d series (is 1911. ..M-S 3d .series Gs 1916. .M-S 4th ser 3-4-5s 1921. M-S 5th series 5s 1926-M-S (State) 3s new '32. J-J Funddebt2-3s 1991. J-J West N C con 6s 1914 J-J WesVa C&P 1st Gir'll J-J Wilifc ^Veld5s..l935.J-J 481* 16 100 114 110 7734 103 83 84 9278 023^ 93 J-D Income 4s 1949 Va Mid 1st Os 1906.. M-S 105 101% Va 117 118 Vor Cot Duck Incomes New Orl Gas 02^8 110% 110 112 108 110 S9 90 89 12 91 114 .... 109% 111 115 . —— , THE CHRONICLE. 244 Volume of Gna Business at Stock Exchanges Jackson Gas Co jsc 1937 Kansas City Gas 115s 1922 1Il.iaclede Gas AT THK NEW YORK STOCK EXCHANGE DAILY, WEEKLY' AND YEARLY' Sloclcs fnding July 31 1^03 Kailroad Par value Shares *4--',348,800 i>3.535.275 50.IS4.725 47.401.500 45.021.000 2li.S81,S50 1.454,500 3,021.793 $284,322,650 *15,565,500 .5 We«tnesilaj....... Thars.lay....i... Friilay Total 50 3.32.5.000 2,5S.-<.500 '^s.ooV) 2,401.0(10 HOAIudCNatJi •-',000 100 12 A-O 95 111 .100 January Week ending Julv 31 Kxehange J-D 50 50 tl05 i5s 1946. J -J United G.-is ct Elec w i) 1 United (vas&ElecNJ 100 Preferred 100 July 31 1 to 1902 1903 1903 1903 Tclegr I04.3(;7.s;n 3.588,338 97,079.691 3,021.793' *2S4,322,650 *34 1.417. 100' j9,0Sl,COi).60O $9,S59,--'G9,900 5-404.88O $399,700 Bank shares, par.. .*5,000i $12,000 State bonds BK. and mia. bonds 13,160*000 15.505'5'o6' *1 5,570,6001 $13,172,000 Total bonds. tCentral 1,360,400 652,486,400 $400.077,350 $554,406,100 EXCHANGES Weekending Julu 31 2yo3 Listed share* Philadelphia Bond Viilisted shares sales Bond OnlUUd Listed shares I shares sales $17,000 7.7211 4,403 74.500' 25,515' 23,396! Vt.956 1-2.596 14,273 8,747 8,666 10,028 8.801 2.669 $16,000 65,300 63,300 37,700 39,000 64,500 121,569 Saturday 10.405 12.349 20.612 8,834 9.984 3.220 65.354 $244,500 96.8111 48,455 $285,800 16,999 30,182 . . Monday Tuesday Wednesday 2S.7i>2 Thursday... 16,8.58 18.021 i'ridai- Total. 47,000 25,500 60.000 20,500 17, -241 A Outside Market will be found on a preceding page. ol Street KnilwayH IfORK CITV Bleeck Stifc Kul F stk 100 Tjlst mort 4s 1950 ..J-J 7th Ave ilk ..100 UB'y gist mort 5s 1904 ..J-D r2dniort 58 1914 ...J-J ion OS 1943 6ee Stock 99 245 100 102 >y & Exch B'way Surflstosgu 1924 iJOO 2d OS int as rental 1905 i 98Sj TlCeut'l Crosst'n slk..lOO 265 list Si 68 1922 ...M-N stk. 100 210 :[(jeuPkNife nil EK i;CUr't'r& loth St slk 100 181 Colifc 9th Ave 5s tite Stock Exch stk .100 110 1] Dry U E B & S 108 ITlst Rold OS 1932.. .J-D 5s 1914 ....F-A 103 IjScrii) Hfctglith Avenue St. ..100 405 F-A 105 'uScnp 68 1914 1142d<fc Gr St F'y stk.. 100 410 70 «1 12d St -M & St X Av 100 mort 6s 1910 .MS 2d income 6s 1915 J-J 103 96 1|l8t ^1 & Lex Av Pav F os See St Metropol Securities .See Metropol street Ky See Ninth Avenue stock. 100 Second Avenue .siocklOO Ijlst mort 5s 1909 -M-N F-A Cousol OS 1948 ^iSixtli Avenue stock 100 Sou Boulev OS 1945. .J-J So Fer Ist 58 1919. ..A-U Third Avenue See Stock P & 5s 192o Tarry YkersSlKKos 1946A-() 2ytli Sts Ist 5s '90 28tli& 'jTweuty-Th'iiSt stk 100 J-J Deb 5s 1906 Uniou Ky 1st 58 1942 F-A W Ask Bid XEW k Exc Stk E stk E 190 213 J104 nn 175 HIO no5 Exch M 107 108 Street Kallways Grand Rapids Ky 402 102 115 108 •" 5s 1909. .A-O ?103 410 W Bkn 107 A-O 105 Bkln g Co <& Sub See Stk Exch list Bklyn Kap 'I'ran See Stk Exch Ust J-J 80 Ret K. 43 2002 I.Cocey I.s.<fc Bkiyn ..100 385 4X0 TiStanilard 118 list 13 40 84 102 98 20 75 cons e 43 1948. .J-J Brk C <fc N 58 1939. J-J l8t GrSt«&Xew 1st 58 '06 F-A Gr'pt ALortmer St 1st 68 Kings Co. Elevated— See Stock 100 Elec pref 1949 95 113 102 103 100 115 "77" 99 105 99 1(W Exch list Os list list 10 37 12 73 58 88 111 . 150 100 M-N ni4 109 107 140 160 116'2 & Tract. 100 Preferred 100 Baltimore Consolidat See Bay Slate Gas 50 lAmer Light Biughamton Gas 5s 1938 Gas StocklOO 64 94 573, 89 Bait list H hs 92 95 3 't ilBullalo City 5 '' Buffalo Street By— l8t conaol 58 1931. .F-A {112 A.O no4 Deb 68 1917 Cliicago City Ky stk. 100 170 Chic UiiiouTrac.S'«eSt'ck Exch Cleveland (;Uy P.y 100 Cleveland Eleclr Ry.lOO "73" Columbus (O) St By. .100 89 (J City) 1st 6s 1904 M-N 4100 iTDftroit City Gas 50 t !io Es-sex <fe Hudson Gas 100 102 43 62 66 (is 1-.^25..J-J ,i;GaM & El Bergcu Co 100 10434 'Grand iiapids Gas 'Ist 53 1915 F.AJ102 76 Hartford (Ct) Gas L...25 48 90 I list Bayer pay* accrue<l Interest. 104 I t Price per share. 82 101 100 100 1838 t Preterred Houston 50 99 3 30 40 4 20(1 106 4 30 34 10(1 1'20 97 135 99 160 '....100 Preterred 100 Hud.son Realty Interboro (full paidl KT Internal 'IBankingColOO Infn'lMerc Marine. 100 7 5U 16 20 974 100 4>2 Preterred 100 Col tr deb 4 '•jl922op'07 International Salt 100 lova g5sl951 39 40 1st 68 1948 J-D John B Stetson com.. 100 160 35 90 170 170 1st Chicago Edison (;o...lOO 142 148 Edison El lU Brk 4s N Y Stock Exch 87 llGen El deb n 31-.8 42 F-.\ Hartford (Ct) Elec Lt 100 225 lIKingsCo ElL&PCo 100 170 Narragan (Prov) El Co 50 tlOl NY'&Q ElL<tPowColOO 35 45 Preferred 67 100 75 Rholsl ElecProlecColOO 130 Uaiteil ElectricofNJlOO 16 18 4s 1929 J-D i 65 66 6 90 24 70 27 M-N no3 Oil 1834 125 1 Hobokeu Land <fc ImplOO 1910 I4 90 1 115s 10 49 10 67 100 30 103 '4110414 Preferred 00 149 165 Hecker-Jones-Jew'l Mill 112 1.^163 1922 .M 78 82 Htrrlng-Hall-MarvliilOO 47 53 Isi preferred 100 112 2d preferred 100 Uu "'it 62 25 100 Havana Tobacco Co. .100 45 3 12 129 128 Guggenheim Kxplorati'n 115 HackensackM eadowslOO 5 Hall Signal Co 100 Havana Commercial. 100 20 1 .100 International Silver. 100 Preferred 100 7 Preferred 100 160 KitchenerGold Min'glOO »a Lack Steel 5s See Stock Exch list Lanston JNIonotype 20 t 8 S^i 175 Lawyers Mort Insur.lOO Lawyers' Title Ins. ..100 290 34'2 35 Light Fuel* P of ^WalOO ULorillard (P) pref ...100 115 Ferry Companies Madi.son S(i G;irden..lOO 10 30 Brooklvn Ferry stocklOO 6 2d 6a 1919 M-N 60 2'8 21* B<fcNY'lst68 1911. J-J 107 109 Mauhat tan Transit 20 Con OS 1048 See Stock Exch list Mex Nat Construe. pflOO 4 6 >*3 10»4 82 Monougahela R Coal.. 50 NY<fe E R Ferry stk. 100 38'q Preferred 1st 5s 1922 94 50 M-N i 92 100 N Y<feHobcon.5s'46.J-D 102 103 Mosler Safe Co 102>u 2334 Hob Py 1st 5s 1940 M.N 109 110 National Carbon 100 22 90 NY'&NJ 1st 5s 1946. J-J 104 108 Preterred 91 100 27 50 26 lOtli & 23d Sts Ferry 100 60 liNat Enani& Stamp 100 8SI4 UPreferred 80 1st mort OS 1919... J-D {104 107 100 National Surety 100 80 38 HUniou Ferry stock .100 37 4 NewBrunsCanuelCoal 10 111st 5s 1920 M-N 94 95 50 20 47 UNew Central Coal Kailroail 5 iNew Kug Consol Ice. 100 IN Y' Bi.scuit 6s 1911. M-S 112 115 Chic Peo <fc St L prof. 100 9 Prior Uen g 4 kj8'30M ikS 4106 08 In Y' Mtgccfc Security. 100 120 130 20 10 Con mtg g 58 1930. J&J 93 98 i1;New York Dock ....100 4314 'CiPieferred 43 Income 58 1930 22 100 26 434 4>2 Gh R I <fe Pac 5s .SVe Stk Exch list |N Y Trans])ortation...20 100 159 Erie con V 4s Apr 1 'o3( wi) i 86 88 iNicliolsou File Co 2 8 22 24 iNor.\mLum'r<fePulplOO 11 Nat RR oI Mex 2d pf (wi) 4 Northern Securities.. 100 100 89 90 IfOntario Silver 33 100 30 Pitts Bess&LE 31 Otis Elevator com 50 34 91 88 Preferred Pielerred 100 50 72 76 Va& Southwestern. .100 20 30 Pittsburg Brewing 50 t 3118 31 -Is 46>4 Preferred 50 46 Industrial nnti Miscel '27 100 Pitt.sburg Coal 84 1< 8138 Preferred 100 Alliance Realty 100 103 131 100 1312 Pitts Plate Glass HAllis-Chalmers 100 13 Pratt & Whitu pref. .100 97 lOII liPrelerred 100 85 Procter^ (ianible 100 360 37(1 oO IJAiuer Bank Note Co. 50 54 ;.10O 200 200 12 American Can com... 100 4^ 438 Preferred 114 393« Realtv -V.ssoc (Bklvn)lOO 110 Preferred 100 39 101 Royal Bak Powd pf et. 100 100 Ainericau Chicle Co.. 100 loo 115 63 Russell & Erwin... 61 Preferred 100 85 92 170 Safely Car Heat& LtlOO American Elevated 1 5 Amer Gra.pliophone...lo 3H 4'i. Semiiude Mining 125 14 Sininions Hardw com 100 Preferred 10 8 100 121 Preferred 90 .\iiier Press Assoc'u.lOO So 100 120 1271a 2d preferred Amer Shipbuilding. 100 35 36 35 28 Preferred Simpson Crawford Co 100 100 99 68 '24 op '05.. J-J 85 Dob st 75 Am Soda Foun com. .100 2 4 100 330 360 Singer Mfg Co l.st preferred 100 78 82 312 r> Slauilard Milling Co.lOO 100 2d preferred 20 23 19 X^referred 100 American surety 50 160 170 72 Am StrawboanI 6s. ..F-A «95 98 '2 Amer Tobacco com... 50 280 350 Standard Oil ot N J. .100 616 625 37 30 Standard Coupler com 100 loO 137 150 li Preferred Preterred 100 125 135 Am Typeto'rs com... loo 30 35 1 Storage Power 50 Prefiri-ed 90 .95 100 Amer Writing Paper. 100 3 3 Hi Swift <fc Co .See Boston St k Exc h'ge 103 Preferred 1212 14 1st 5s 1910-1914. ...J-J noi 100 28 25 t 25 Tennessee Copper 58 1919 JJ 69 71 90 98 HTexas& Pacific Coal 100 HBamey&Sm Car ...100 18 l.sl tJs 1908 A-O no5 107 <« IjPref erred 100 123 130 470 Title Guar ifc Tr (new)lOO 450 Bliss Company com 50 140 160 155 Title Ins Co of N Y..100 150 Preferred 50 140 160 18 12 TrentonPotleriescomlOO Bond& Mtg(iuar....lO0 300 «4 77 Preferred new 100 Borden's Cond Milk.. 100 114 118 90 Trow Directory new.. 100 80 Preferred 100 103 106 I 10 1 Union Cojiper Camden Land 3 Union Swilclitfc Signal 60 t 85 Celluloid Co 100 114 118 105 Preferred 50 20 Cent Fireworks com. loo 23 looi Union Typewr com.. 100 105 110 60 Preferred 64 100 112 116 Ist preferred 10(J, Central Foundry 100 113 116 2d 1) referred 10 Preferred ^ 13 lool 1»2 3 100 Dell 6s 1919op'01M-N; 54 57 U S (;ottou Duck 20 115 Century Realty lOOi 100 U » Envelope com... 100 70 i-il loo Cmscbroiigli Mlif Co lOd 410 401" li Prefer! (jia r,H 51 U S Light & Heat.... 10 Chic PiieumiiticTool. 1001 95 100 11US Kedcfc l{efiuiug.lOO 1ICIafliu(H B) Istprel 100 liPreforrc.l 100 95 100 100 ir2d preferred 95 100 100 DU S Shipbuilding. ..lOOi 1] Common 100 UPreferred 100 60 65 Col & Hock C(>al& f pf BoniU— .See Stock Exc hlist J-J 84 87 1st g 5s 1917 89 1'. U S Sliver Corp 6m (w 1). Compressed Air Co. 100 70 60 U S Steel Corp new 58 See Stk E X lut (Jonsolid (Jar Heating 100 • (;ons Firew'ks com -100 Coltr58ScrB<feD195] 107 110 25 35 !•» Universal Tobacco. ..100 100 55 65 TPrelerred 6 2 Preferred 100 2^! Cons Ky Ltg&Refng.lOOi 154 I'y Westiugh Air Brake. .50 Consol Rubber Tire.. 100 9 91a White Knob Mining. 100 Debenture 48 5 8 WorthingPump pref. 100 110 120 10 Cons Storage BatterylOO ' 100 M-N Gas- 58 62 loo's M-.N t 1 . I ! Preferred 100 103 103 k: Hudson Co Gas Coliun Hy con 5» See Ph ila list 1,58 g 1949 Indiana Nat & III CroMt'wn l8t5s'33.J-D n074 110 Detroit United Ry.Ve«Stk Exch list l8t 68 1908 i 'i 91 I Fort Wayne Preferred 74;'4 131 20 20 40 's \ I ICoDsum Gas 114 107 173 41 90 64 98 32 12 . list 83 H, 84 l.stosl94T .-ipe Stock Exch list A-O 110 Chicago Ga-i 6'eeNYStk t;xch list o8 1944 '.'.5'., See st k Exc li ll9t|;ciiicinnatiGas<fe EleclOO 96 Ist 4s 1951 N Wb'gifc Flat latex 4 HiS 103 104 Col Gas L<fc Heat toiiilOO 95 100 Preferred lOOl 99 101 ateinway Isl 68 1922. J-J }117 118 Con.sol (jas (X J; stk. 100 17 Ist OS 1936 J J 89 90 OTHER CITIES Nassau Amer U'^S 7414 1 21 OTHEE CITIES I So io'j^; 20 i I28I2 106 Gas com ..100 130 ^Preferred IM Sc 1^30 'i ifc noo . . New Amsterdam Gas— 1st consol 5s 1948. .J-J N Y' G ELH&P See Stock Exch N Y & East River Gas— J-J nio Ist us 1944 Consol 58 1945 J-J no6 Nor Un Ist 5s 1927. M-N 'a 05 104 2', 98 96 40 Asit 280 36 if 6\ 10213 117 Cent Union Gas Ist 5a... 4103 106 Con Gas (N Y) stk. See St k Exc h list EquitGa3Cou5sl932 See Stk E X list 100 275 300 TlMutual Gas 102 36 l8t 48 18 74 NEW YOBK 103 116 109 E 58 1933. .A-O 101 Brooklyu City stock. ..10 233 58 i!>ee Stock Exch list Con Bkln Crosstu os 1908. J-J 103 Hj.'tsl8t5s 1941 list ! A-O 110 Con OS g 1931 Impl OS See stock Exc h list B B& 53 90 Preferred 33 Indianapolis St Ky See Phila 100 17 J C Hob <fc Pater.son..lOO 247 73 100 >2l 4sgNovl 1949. ..M-N 6 t.ake St(Ghic) Elstk.lOO 105 J-J noii-j list 1st OS 1928 110 liLouisv St osl930..Jit5J ni4 100 >2 Lynn<fe Bos 1st 5s '24. J-D S116'v &finneap St Ry os See Stk Exch 266 11 100 122 NewOrl KysCo 2-20 100 37 Preferred 82 J-J 189 4Hj8 195'.^ North Chic Str stock. 100 100 list J-J 120 Ist 5s 1909 19 North Jersey St stocklOO 109 M-N 74 43 1948 103 >2 Pat Rvcon 6s 1931. .J-D n24 410 '2d 63 1914 A-O noo 109 100 Rochester Ry 75 415 100 98 Preferred 75 Con OS 1930 See PliUa list 109 2d 6s 1933 J-D «103 100 96 "i list So Sine El (Chic) stk. 100 X list Syracuse Rap Tr 58 1946 JlOl 191.; X hat Unit Kya (St LTraus) 100 Preferred 100 67 205 Pren 4s 1934 .SeeStk Exch 215 UuURysSauFran A'eeStk Exch 106 Wash Ky & El Co.. ..100 114 Preferred 100 36 180 71»2 48 1951 J-D HI West Cliicago St, 100 108 50 "2 U Usf IJCon g 5s 1936.... M-N 108 109 Uas Securities BEOOKLTN Ave Ask 48 85 't\.\A Westchest lst58'43 J-J Atlan Bid 100 100 Preferred 100 Fuel Oil Power 100 lIGeneral Chemical ..100 100 H Preferred Gold Hill Copper 1 Gorhain Mfg Co com. 100 Electric Coinpaiiies Outside Securities Weekly Review 10 54 Tel (N Y).25 Emp & Bay State Tel 100 Franklin 100 100 IIGold d; Stock 114 Sjs, 1905 Hnd.son KiverTelephlOO 86 90 ^1 arcoiiiWireless Telog.o 5 II North western Teleg. 50 115 1|N Y<feN J Telepho .100 155 OS 1920 See Stock Ex Chang e list Pacific & Atlantic 80 25 70 Providence Telephone. 50 120 HSouthern <fe Atlantic 25 95 Tel Tel & Cable ot .\ni .15 Comraer DAILY TRANSACTIONS AT THE BOSTON AND l>HIL<ADELPHiA Boston 87 63 65 110 137 73 77 Bid 260 HDiaiaoud .Alatch Co.lOO 129 Dominion Securities. 100 5 Electric Boat 100 Preferred 100 Electric Lead Reduc'n.50 Preferred 50 214 Elect nc Vehicle 6>2 100 Preferred 100 Electro.Pneum'ioTranlO Empire Steel 100 Greene Cousol Copper.lO Chesifc PotoTeleplL.lOO 58 1909--29 J-J TlCommercial Cable ..100 $559,300 *9,147,750 35 S, 600 390.571,000 39 88 ifliscol 103 Cr;uiips' SliifcEu BldglOO 1« llCrucible Steel 100 98 Vj 11 Preferred 100 & Telephone ' QovernmoDt bonds I'^s t For't WirelesslOO 1I.\merTelesife Cable 100 Bell Teloph of Bullalo 100 Par value BONDS i and — 92^ '95' 90 93 95 98 AraDe — No.sliares Stocks 5 StJosPphGas5sl937.J-J StPaulGas Gen 5s'44M-S SyTacu.<»e (4as ln(lu*«trinl LXXVIL Cousol Tobacco 100 Consol Tobacco Rights. Continental 'I'obac deb 7s 72 105 iO(i 1st 6s 1936 Providence Gas $5,100 Ask 81 A-U ilOO ( Sales at StV! York Stock 1041.1 59 62 Madison Gas lis 1926..\-0 il06 Newark (tBS Os 1944. Q-J n36 Newark Con.sol Gas. .100 71 5s 1948 .Si'i' Stock Excli list_ 3.540.500 TuesUay GO Log&WabV 1st 6s'25.J-I) Bonds *2,166,000 445.043 68S.151 034, OS 5O0.105 471.SS0 282,101 3atnntay MoQitay Bid 100 1! Preferred Lafay'eGasl.«t t!s'24..M-N C S StaU Bonds Jic Jionds Securities Indianapolis Gas stock 50 1st 6s 1920 M-N TRa:s'S ACTIONS It'eek [Vol. Sale price. . \ >S a Ex rights. '! Selln on Slock Exchange, but not a very active security. AcowsT 1, 1 . , . . . . .. . ' 1 THE CHRONICLE. 1903. J 245 and l^ailroad |uWIig^uce. RAILROAD GROSS EARNINGS. itxxjestmewt The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns can be obtained. Tlie first two columns of Hgures give the gross earnings for the latest week or n\onth, and the last two columns the earnings for the period from Jiilj' I to and including such latest week or month. The returns of the street railways are brought together separatelii on a subsequent page. Inly Latest Grofs l-:amin(/s ROADS or AlHUt Southern. N O & Texas NO A; No Kaat. Ala & Vioksb'jj Ala Vicksl) Sh i V. AUe.firheny Valley Vurifnt year Month wk 1 to Latest t^reviouf Year year Latest Urosn liarnlnys Data- ROADS J'rfvtotii i'car Id July 'iuiiic. 52.3-20 39,050 157,318 wkJuly wkJu'y wkJu'y 35.000 1 3,000 17.000 38,000 15,000 19,000 35,000 13,00u 17,000 St St .St ir>.t»oo ly.ooo lac Inc. ")8.766 'lay & CUar.. .May Atl Kuoxv \- No. ILUC Atlantlo <& Btnu. une Atl Const Line... line BiiU & Ann S 1-.. May June B;iU & Oliio .'13,010 Atliuitu B;iu>;or & Aroo.^l BatlutHaiu'dsp't Belleloute U^ni'l BildiCt it Sa<x.'«K. K00U& Burt Biirtalo ^itt. ASusq luno .t So'w'u. .Mineral Ranse.. 3d wkJuly .Minneap »\t St L. ;!il wk July 3(1 wk.Iuly .M St P A S St M Xexa? 3d wkJuly .Mo Kan Ceut'l of Georgia Ceut'loiN Jersey Central PaciOc. Chattaii i?onth'u. Chesap vt Ohio... & Alton Ry. CUijGt Western Chic Ind itl/v.. Chic Milw * at P Chic A North W'n ChioSt PM <feO Chlo Term Tr KK Cm N O & T Pac CI Clii Oh &. 8t L Peoria & East'u Colorado vV South Col Newb <fc L.au. Copper Kaus^e.. Cornwall Cornwall &. Leb CiimberlM Valley Deuy.&KioGr. •JtJ.'JGO M7ity,703 229,820 2,915,530 705,137 47,264 270,112 15.913 ; Erie Evansv & Ijidiai) Evansv & T H P'rcliUa&N'r'e'i! & Powhat FtW&L>enyCitv Earaiv Georgia RR.... Oa South <S£ Fla Gila Val G A; N Gr Xriuik System GrTr. West'n. Det Gr H & M Great Northern.. Montana Cent'l Total system Gulf&ShlpIsland Hocking Valley.. Hoos & Tex Cent IlUnois Central.. Ind 111 Southern & Iowa Int & GtNorth'u :[nteroc(Mex)... Iowa Central Iron Railway Kanawha &, Xlich Kan City South'u LakeErie&Westn Lehigh Val RR.. Lexing&East'u. Long Island Lou Head (h St L Loulsv A Nashv. A Birm Man'tee&Gr.Kap ManlB A No East Maoon 113,252 8,297 0,835.860 5,088,2st6 63. 1-19,633 57,889,611 155,390 146,337 1,639,010 1,568,181 33,436 34,525 2,25 1.64 June 57,961 67,039 6,199 4,705 June 44,284 37.689 3.156 3,168 .May 462,-i2f 414,610 3d wk July 158.799 138,213 920,936 772,157 83,191 73,724 May 173,900 82,600 «0.2t)0 29,100 3d wk July 851,000 681,000 2,590,000 2,004,000 3 I wk July 190,.V28 159,505 12,66 18,059 May 449,400 478,950 3d wk July 164,950 153,700 1,748.00^ 1,196,124 16,001,720 15,131,843' Mav... M*y 1,888,001 1,712,01 19,179,148 18,560.s2!> 6,454 6,379 1,966 2,195 3d wk July 301,232 208,9711 301,232 208,971 Lst wkJ'ly -May 837,703 703,826 9.323,134 8,498,023 410,063 360,696 3d wk July 137,907 120.748 264,059 313,613 3(1 wkJuly 107,06. 90,351 4.050.922 3,873,717 47.662,737 45,613.125 June ... June ... i;47i>6729 4.000,368 1150639141 46,731,386 996,0a6 904,3a9 12,099,330 11,777,104 June 93,199 93,572 31,973 31,191 3d wkJuly 381,117 302,195 3d WkJuly 130,496 103,749 June .. 2,039.013 1,658.090 20,390,761 18,717.071 June 280,409 204.943 2,947,237 2,518,750 397,247 375,525 142,336 136,200 3 i wk July 179,583 169,019 .May 14,683 14,260 353,251 182,486 •lay 39,204 21,019 85,377 103,739 .May 9,394 9,291 228,553 May 307,656 26,296 27,181 June 179,954 109.636 1,601,805 1,193,998 1 i H Gross Earnings Allegheny Valley Jan. 1 to May Atlanta & Cliarl Air Line.. Apr. 1 to Apr. Belief oBte Central Jan. 1 to June Catadian Northern Jan. 1 to July Central of New Jersey & Jan. 1 to North Western. June & Omaha.. Jan. — V^alley Jan. International ' Minn & Gt North'n Jan. & Western.. Jan. Manistee & North Eastern Jan. Lake Erie Manistique , Missouri Pacific Central Branch Total Mexican Central i .".'.'.'" Mexican International : Branch 3d wkJuly Total Jd wkJuly Mob Jack A K C. Wk July 18 Mobile* Ohio... June NashCh A 8t L.. 3 i WkJuly RRof Mex 3d WkJuly :Nat'l Nev-Cal-Oretron. Juno Jan. Jan. Jan. Jan. Jan. Jan. 1 to 1 to 1 to 1 to 1 to 1 to 1 to 1 to 1 to 1 to 1 to 1 to May 31 30 30 21 31 N y Out* West. .V Y Susq & West Norfolk A West'n Sorthern Centra) Pad tic. .Vorth'n Nor Shore lOal).. Ohio Rlv& West.. Pacitic Coast Co cPenn— EastP&K eWest P A E. Pere Marquette w PhilaBalt&W'sh Phila A Erie.... Pine Blf Ark R Pittsb St CCA I Beading Railway Coal A It Co Rich Fr'ksb A P Rio Grande Jet Rio Grande So. Rock Isl'dSyst'm . Rutland 30 June 30 June 30 .Tune July 21 July 30 May 31 June .30 July July July July 21 21 21 21 LA StL Van AiTH. San Ant A A P.. P. San Fran Seaboard Air L.. Ind Southern AN . Inc. 4,796.729 5,597,017 884,«04 2,758,675 2,447,744 161.417 29,680 21,438,399 654,765 22,003,164 13,879.163 3,720.543 Co Pacific b Central Pacitic. ^io Gal Har ASA. Gal Hous A No GuUWX AP.. Hous E A W T. Hous A Shrev. HousATexCen Louis'a West AT N YT AMex .. Morgan's L Oregon & Calif. So Pac Coast.... So Pac RBCo.. TexANOrl Southern RaUw'j TerreH A Ind... TerreH A Peor.. Texas Central Texas A Pacific.. . Tex S V A NW . . Tol & Ohio Cent Tol West .... Tol St LAW.... Tor Ham & Butt PA Un Pac CTn proper... Pac System . Wabash W Jersey A Sea'e Wheel ALE Wm'sport&N.Br. Wisconsin Cent.. Wrightsv A T'n.. Yazoo FI*;CAIi & Miss. V year 7,337 27,751 13,557 82.983 85,884 429,875 354.6'46 55-1 ,43 485,5S3 92,900 17,752 3,210 10,927 70,330 :V332.85i") 7,15-2,y<tl 1.053,185 6.141.400 160,800 39.131 38,K29 91,300 17,>75 3,212 1 1 ,059 50.0 19 133.242 295,842 733,000 21,000 754,000 6,246 .531.457 183,958 194,726 16,963 3,228 1 14,800 43,265 46,799 32,40-< 57.930 400,097 837,089 1. 956,000 62.000 2,018.000 20,546 7,4 m3, 291 533,286 603,872 195,642 36,523 1 127,.578 291,713 633,000 19.000 652,000 3,958 538.396 168.700 153,08;{ 30.O70 211.651 368,448 808,940 1,753,000 47.000 1,800,000 1 1 ,974 6,509,489 492.459 465.204 • YEARS. EOADS Current Year Previous Year $267,465 37.126 2,354,225 8,326,896 i'reuiotii Year 1 59,.595 16.550 34,873 2.919 -6,657,056 5.907.731 77538064 70,903,868 621,i)52 370.758 5,533,813 5,194,651 May 283,447 163,016 2,377,980 2,474,268 May 975,507 3d wkJuly 436,744 363.494 1,234,073 861,165 710,565 8,531,6-16 7,797,246 May 4,130.279 3,605,925 17,142,.581 42,339,972 June 510,710 427,473 72.484 56.585 May 165,711 17,393 16,211 179,376 May 467,864 {95.933 5,028,154 4,551,914 -May 10624638 9,901,938 108570735 96,702,135 vlay JiiC. 53 />ic.4,9 71,000 May 700 580,131 630,019 3d wkJuly 204,947 189,505 1,231,253 1,085,658 11,993,232 10,884,732 May 6T3.214 595,586 6,332,882 6,313,793 May 32,721 3,174 33,520 'lay 2,089 2,139,.56J 1,834,111 23,001,186 21.772,672 .rune 29,104,391 27,316,496 3,295.110 ;,25i.710 -May 2.952.838 1,166.813 20,098,906 26,327,767 May 153.600 139.960 1,192.248 1,042,040 May 51,545 May 47,282 533,719 537,982 10,646 12,268 32,750 36,846 3d wk July 1-41 173542 .'3196735 -May 50,567 47.439 101,241 91,300 2d wkJuly 98,14:6 106,367 1,285,295 1,238,973 May 4thwk Ju'e (^870,904 /7753,!»69 »3 1905256 <;27896379 360,102 352.583 3d WkJuly 127,136 126,240 197,338 193,36 2,387,179 2.155.874 ./one 230,965 247.620 2,141,270 2,172,830 April 126,591 June 118.278 1,299,279 1.132.579 682,222 666,765 3d WkJuly 217.195 215.007 95,609 627,076 64.442 960,495 June May b 6,975,280 6,390,045 80.067,782 76,685,556 May 1,888,001 1,712,012 19,179,148 18,560,829 601.699 550,949 6.259,733 6,621,003 May 116.428 381.7.34 May 23,389 1,081,216 151,110 142.962 May 12,463 18,004 777.807 70,515 56,266 756,377 April 198,477 192.282 April 19,551 15,197 April 413,593 369,265 4,557.687 4,452.234 152,24 186,126 1,727,810 1.781,759 May May 379.361 425,335 4,398,613 5,1 32,327 343,839 35.607 428,842 May 33,777 353,033 317,670 3,626,535 3,189,362 -May 832,604 93,83 868,670 May 78,533 May 2,591,025 2,331,389 28.018, .579 26,555,834 256,^»28 May 262,018 2,861,528 2,720.548 3d wk July 816,334 770,945 2,337.810 2,172,975 June 176,036 149,684 1,897,587 1,706,748 555,920 62,222 600,352 June 40,701 21.785 20,673 3d wkJuly 7,79 6,347 467.276 502,372 3d WkJuly 171,837 163.742 151,300 153,994 June 8,000 8,700 219,965 174,141 3d WkJuly 78,845 58,352 24,298 61,117 3d wkJuly 19,910 74,957 144,954 3q wkJuly 152,240 57,439 53,265 22.658 15,736 wkJuly 11,090 7,425 2d 3d WkJuly 695,206 597,130 2,010,847 1,708,250 June.. .. 501,172 3,860,440 51,075,183 47,500,279 3d WkJuly 463,717 400,832 1,323,249 1,101,273 May 325.050 298,150 3,660,034 3.413.734 210.262 94.997 269,569 3d WkJuly 73,084 119.400 166,235 May 13,013 10,984 412,133 356,440 3d WkJuly 142,400 123,365 133.419 May 163,678 9,596 8,652 June 574.797 446.460 7,333,102 6,587,356 Nevada Central.. May N YC& Hud Rlv June St Jos A Gr I San Fran$i St 999,-100 8t L Southwest 981,200 346,300 351,400 b2,o20 562,192 953,707 63,884 70,532 31,516 28,045 88,484 169,017 175,714 59.748 63,780 223,343 171,161 22,005 16,026 May . 4,264,190 3,321,228 41,436,484 37,646,465 22,241 3d wkJuly 21,486 7,269 8,001 88,077 92,270 3d wk July 30,5 i> 4 30,980 May..... 37.194 34,367 3.295 3,304 77,227 76,336 7,343 7,431 J uue . . . May 180,766 187.052 2,273,998 2,040,862 June .... 164,858 137.919 2,308.299 1.906,758 June ..., 126,729 105,468 1,621,453 1,250,876 310,835 -May 294,855 31,835 33,018 3d WkJuly 729,216 579,601 2,166.074 1,740,899 2d wkJuly 217,274 161,874 99,427 76,579 •2d wkJuly 46,791 44,528 20,682 20,001 June 3,376,188 3,072,879 39,567,323 35,190,935 June.... 171,459 122,521 2,111,77» 1,772,278 June 3,547,647 3,195,400 41,679,101 36,963,213 vlay 141,322 127,856 1,555,460 1,260,107 3d WkJuly 139,763 136,155 419,944 408,463 April 413,593 369,265 4,557,687 4,452,234 June .... 4,046,869 3,300,318 45,145,385 40,821,030 June 135,126 12,754 148,823 12,195 June 128,828 127,941 1,716.717 1,680,182 3d wkJuly 202,847 91.485 248,828 70.389 WkJuly 191,090 103,500 110,380 161,100 3d wkJuly 144,307 44,360 131,453 47,351 June 82.623 86,703 6,688 6,266 3 a wkJuly 28,056 82,240 36.414 11,806 3d WkJuly 123,756 3 03,206 309,474 354,143 J une 466,026 373,904 4,908,318 4,546,028 May 2,714,709 1,790,464 24,607,394 23,694,728 May 384,982 55,740 42,047 510,015 -May Inc. 525 ,957 inc. 82 ,833 May 743.216 637,865 69,306 60,327 3d wkJuly 675,170 596,125 1,980,680 1.785,905 June 126,003 10,089 10,460 148,763 May 129,142 112,986 10,579 9,401 May 302,891 29,370 25,123 322,606 3d wkJuly C'entral !t7,016 VAKlOrS ..:»nd MoPao&IronMi 147,-170 May KOADS -. * 621,166 a 682482 a9,676746 a7,63966s 13,-117 3d WkJuly Rio Or. West. 5 Det & Mackinac. June ..... Detroit Southern 3d WkJuly Dul SoSh iAtl.. 3d wkJuly East & W. of Ala ;May Illinois 2,704,17.'. I CauaUlan 'North.. Canadiau raollU Cane Belt Chic (il.2t>6 I Miilon Ill Dale- Year ; 1 06,756 b9,711 30,040 33,003 wk.Ioly Ami Arbor 54,t84 55,3s S .>.'25G 5,620 Anil Wash & Bal. '"eliruary. 4,l37,«0t> 4,444.282 62,350,396 59,135,085 Atoll Top A S Vn. une Latest y<'((r June Mary I'd A Penn.. May t.Me.xloanCont'l.l Id wkJuly Mexican I •item. uue .. WkJuly 11 Mexican Ry iMoxtcauSouih'u 2d wkJuly '>16.175 to Ctirrenl .Vtanlstique ; V i'reviotit or \funtli 119,501 38,000 III Oiirretil eeic II Gross Earnings $280,579 tMexican RaUway 229,669 IMexican Southern 28,453 t National RR of Mexico... 774,911 Northern Central 6,441,963 North Shore 4,000.368 ePenn.sy., East of P & E. cWestof 5.405,200 557,874 Pere Marquette w 2,474,121 Phila Baltimore &Wash.. 2,238,766 Philadelphia & Erie 147,790 Pitts Cin Chic & St Louis.. 51,255 Rio Grande Junction 18,491,612 St L VandaUa & Terre H 517,259 Terre Haute & Indianap .. 19,003,871 Terre Haute & Peoria 11,298,854 Texas & Pacific 3,110,714 West Jersey & Sea.shore. P&E . . Jan. Apr. Jan. Jim. 1 to July 11 1 to July 14 1 to Jiilv 21 1 to Mar. 1 to May May May May 31 31 31 31 Jan. 1 to Jan. 1 to Jan. 1 to .miy 21 Nov. 1 Jan. 1 Jan. 1 Dec. 1 Nov. 1 No\ 1 Nov. 1 Jan. 1 Jan. 1 to May 3 i to May 31 to June 30 to May 31 to June 30 to June 30 to Jime 30 to July 21 to May 31 Current Year Brevious Year $2,884,300 295,889 6,351,252 4,107,492 166,541 49,327,517 Inc. 6,012,698 7.558,156 2,928,109 11,880.845 $2,633,300 288,909 4,752,137 3,480,992 129,385 43,82.3,817 2.325,800 5.509.7.30 1,582,291 1,258,312 6.754,756 2,508,820 10,839,374 262.822 1,419,111 1,131,372 395,724 6,077,493 1,343,928 354,016 5,685,650 1,227.723 269,085 June 30 Mexican Gult are included from -March 1, 1902. Mexican currency. If Includes trans-Missouri lines in 1903, J 6 Does not which in 1902. are 7,357 in w^^^^T> *""? ^' ™a^ing length of road on May earninesyear repsrtedbut these1903, against 5,876 milesmonths to April 30 in include the iiousi, A lex. Cent, and its subsid. lines both years. for or last, either this lines are included for 10 <l/Over8 lines directly operated. f/Include.'> the Chicago A Ea'^tern Illinois In both years. < Includin',' Sav. Flor. & West, and also Florida ftOiitnern atdSanf ord A 8t. Petersburg Rys. in w Inboth years. v Other income not included in the gross either for naonth or from July 1. ciuaes ^>ak© Erie & Det. Riv. Ry. from Jan. 1 both years. * Approximate for June Results on Monterey <& . t — . , . THE OHKONICLE. 246 — Cross Earnings.Current J'reeious Latest Uross Earnings hj Weeks.— In the table whioh follows we sum up separately the esming:s for the third week of July. The table covers 51 roads and shows 18*99 per oent increase in the ag^egate over the same Sd *B4tk of July. 1903. S Alabama Ot. Soatlieia Ann Arbor Bnjraio Rooh. A Fittab'f; Canadian Nortliern Canadian Faoltlo... .... Central otGeorarla CIiatUnoo<;a souUiem. Weawm 52.329 33.063 168.799 60.200 854,000 164,950 1.96e 1902. S 39.05C 30,040 138.813 29.100 681.000 153,700 2.195 120.748 90.304 31.191 103,749 133,200 351,400 28,045 63,780 week InertoMe. last year* Deeracue. $ $ 13,279 3,023 20,586 31,100 173,000 11.250 229 Evanevtlle & Indlanap.. Evans. & Terre Haute... 137.907 107,067 31,973 130.496 142.336 346,300 31,516 89.748 7.269 30,594 Grand Trunk Grand Trunk West 729,316 679,601 149,615 139.768 91,486 44,360 28.056 123.786 675,170 429.875 11.059 50.049 133.242 395,842 733,000 21.000 136.155 70,389 47.3S1 11.806 103,206 596,125 854,646 10,927 70,339 127.578 391,713 633,000 19,000 3,956 168,700 153.088 363.494 189,505 12,268 126.210 218.007 3,613 31,096 CIiloa«o Great Chlo. Indlan'ltgA bomev. Chlo. Term. Transfer Oln. N. O. & Texas Pao.. Colorado Denver A A Southern Rio Grande * Detroit Southern. Dalntn 80. Shore A At.. } . . > Det.Gd.Hav.AMUw.3 Hooking Valley International & Qt.No.. Iowa central Kanawha & Michigan... Kansas City Southern . . Loolsvllle A Nashville .. Mexican Central Mineral Ran^e MlnneapoUs <b St. Louis Mlnn.8t.P.<Sc8. Ste.M. Mo. Kansas & Texas Mo. P mo & Iron Mt... Central Branch Mob. Jackson A K. Cltyl Haehv. Chat. A St. ix)ule. National RR of Mexico. Norfolk & Wee tern Fere Marquettet ... Rio Grande Southern. .. LoiUs Southwestern.. Seaboard Air Line Southern Railway St. Texas Central............ Texas di Paoino. ......... Toledo A Ohio Central.. Toledo Peoria A Wesfn. Toledo St. L. A West Union Pacific proper Wabaah WheeUnK A Lake Erie... WlBOonaln Central Total (51 roads) 17,159 16,713 782 26.747 6,136 6,100 3,471 4,032 ........ 732 386 8.001 30,980 6.24f 183.958 194,726 436,744 204,947 10.646 127.136 217,195 816,884 7.79? 171.837 78,845 24,298 S7,439 695,206 463,717 94.997 142.400 9,790,858 2,991 16.260 20,5n0 79,045 75,229 132 26,296 6,664 4,129 100,000 2.000 3.288 16,258 41.643 73,250 16,442 1,622 896 6,847 2,18? 46,389 1,450 163,742 58,352 8,095 20,493 19910 4,388 4.174 770.94.^ 53.265 697,130 400.832 78,084 123,365 8,688.809 98,076 62.885 21,913 19,035 Includes Rio Grande Western, t Inolndes Lake £rl6 River Ry. for both years. ^ Week ending July 18. 1903. 1902 Inereaae. 9 Previously rep'd i49r'dfl) Canadlann Northern Znieroceanio (Mex.)* ... Rutland RR Toronto Ham. A Buffalo. Union Pacific proper Total (56 roads) Net Inoreaee 14-88 p. 1 * Week ending July S 9 8,799.342 7,664,528 28,000 110,380 92,900 17,752 47,439 7,429 1,169,784 34,50C 62.,'SOO Mexican Railway* Mexican Southern Year. Year. 103.500 91,iO0 17,875 50,567 11,090 608,711 9,744.885 514,910 8,483.334 c.i 36,382 Detroit Decreate. 9 84,920 "6,880 ""123 1,600 3,128 3,665 93,801 1,304,951 1,261,561 27,279 114,877 Paolfic Coast Co..aMay 467,864 July 1 to May 31...^ 5,028,164 St.LoulB S'west b. June 626,929 July 1 to June 30 ... 7,278,574 Seaboard Air Line a June 1,067,269 July 1 to JuneSO... 12,708,527 Union Pao. Syst'ma. June 4,501,172 July 1 to June 30. ...5 1.075, 188 Wabash. b.... June 1,694,805 July Ito June 80. ...21,125,723 . & 43.400 Year. 24,446 def.1,739 def. 1,800 106,312 8,075 1,432 395,933 123,260 88,648 4,551,914 1,027,324 927,644 5X3,075 140,743 120,633 7,267,260 2,022.411 2,094,193 947,010 298.744 237,609 11,579,815 3,387,749 3,436,596 3,8^0,440 1,793,123 1,670,988 47,500,279 22,327.972 2i;941, 063 1,515,621 94,018 286,610 19,053,490 5,310,064 5,206,061 a NetearnlngBhereglven are after dednotlng taxes, b Net earnings here given are before deducting taxes e These figures are In Mexican currency, and are convertible Into gold at the current rate of exchange. e Results on Monterey A Mexican Gulf Included from March 1, 1902. q Including remittances from connecting roads, total net income for the month of June is $34,723 this year, against $53,450 last year, and for the twelve months net income is $799,242 this year, against $762,395 last year. r For June additional income is $4,169 this year against $6,589 last year. From July 1 to June 30 additional Income Is $84,574 against $20,900 last year. • Includes $118 "other Income" for the month of Jane, and $9,802 for period from July 1. For year ending Jane 30, 1902, other income was $7,341. n Including earnings of Savannah Florida A Western in both years, and also Florida Southern and Sanford & St. Petersburg Ry. in both 11. Net Earningrs Monthly to Latest Dates.—The table follow Ing shows the gross and net earnings of Steam railroadg years. additional income is $7,008 this year, against $10,848 T reported this week. A full detailed statement, including all last For June year. From .luly 1 to June 30 additional Income Is $161,365 roads from which monthly returns can be obtained, is given this year, against $137,685 last year. amounted to $141,967, against t For June, 1903. taxes once a month in these columns, and the latest statement of $248,019, after deducting and rentalsfor June, 1903, was $1,047,766 whioh net From July 1 to June 30, 1903, taxes and this kind will be found in the Chboniolb of July 18, against $1,583,098. rentals amounted to $2,119,324 against $2,111,979, after deducting The next will appear in the issue of Aug. 22, 1903. 1908, which net was $31,793,962, against $23,113,887. — Gross Earnings. — Current Previous Year. Year. Net Earnings. Current I'revious Year Year. , Roads. Alabama Gt.B'th. a. June 249,459 195,365 51,280 57,707 2,749.818 2,487,454 685,016 713,244 Atoh.T.A8. Fe.b..June 4.487.606 4,444,282 tl, 189,722 tl, 931, 117 July 1 to June 30... 62,310,396 59,135,088 t33,913,286 125,225.816 243,040 220,820 48,096 50,264 Atl'ta&Cbar.A.L.aMay 981,168 846,988 July 1 to May 31.... 2,916,530 2,704,176 15,913 826,266 10,803 5,058 Atlantic ABlrm'eh. June 115,976 65,405 July 1 to June 30..., s270,112 (»147,470 Atlantic Coast L. a June nl799.703 1116^^2.482 a798,391 u616,149 July 1 to June 30. .. ul9,676,746 ul7.639,668 u7,08&,149 a5,985,009 July 1 to June 30 Baltimore A Annapolis May Short Line. a July 1 to May 31 ... Bath A Hamm'da.bJune , Obatt'n'ga Sonth.aJune 10.397 9,566 386 1,624 July 1 to June 30 122,668 198,185 10,021 def.20,488 Chic. M. A St. P.a. June 4,060,922 3,873,717 1,055,896 1,157,343 July 1 to June 30 47,662,737 48,613,125 16,064,563 16,416,230 OJn. N. O. AT. P.a.June 593.150 510.602 127,593 118,068 July 1 to June 30 6,155,454 5,660,404 1,506,015 1,420,810 01.01n.Chlc.&8t.L.aJune 2.039,013 l,6.=i8,090 549,967 533.524 July 1 to Jime 30.. ..20,390,761 18,717,071 4,721,831 4,973,161 Feorla&Eas'n.a June 280,409 204.943 54,297 46,028 July 1 to June 30.... 641,367 654,113 2,9f7,237 2,618,760 Cornwall & Leban.May 26.296 27,181 14.426 12,081 July 1 to May 31 228,663 307,656 100,826 144,996 Cumberland Val.b.June 179.954 109,636 49,430 46,019 Jan. 1 to June 30 884,804 557,874 143,525 198,310 Detroit A Maok'o.aJune 82,620 63,884 19,059 31,793 July 1 to June 30 963,707 862,192 285,201 267,965 Farmv.&Powh't'noJune 7,343 7,481 1,018 634 July 1 to June 30 77,227 76,336 def.682 7,208 Georgia. a June 164,858 137,919 qB,640 q25,367 July 1 to June 30 2,308,299 1,986,768 q 6 3,076 q646,229 Hocking Valley. a. .June 653,730 524,403 279,919 240,283 July 1 to June 30 6,049,697 5,316,523 2,211,172 3,087,192 (nd. III. A Iowa. a.. June 128.828 127,941 48,961 33,919 July 1 to June 30 1,716,717 1,680,182 482,134 475,400 Iowa Central. a June 175,671 207,333 rlO,702 r26.672 July 1 to June 30.... 2,405,543 2,643,350 r438,553 r437,649 Lou. Hen. &8t. L.bMay 69,306 60,327 18,327 17,079 July 1 to May 81.... 743,216 687,865 218,866 166,360 Louisiana & Arkan.a— Apr. 1 to June 30.... 12.'?,259 156,468 51,884 44,887 July 1 to June 30 ... 532,634 478,532 160.828 132,967 c Mexican Cent e..June 2.079,143 l,fi97,789 434,466 459.988 Jan. Ito June 30. ...12,546,304 10,245,669 8,215,197 3,182,782 c Mex. Internat'l... June 654.431 486.583 187,086 166,965 Jan. Ito June 30 3,720,548 3,110,714 1,469,535 1,199,204 Mexican Tel'phone.Mar. 23,160 19,096 11,764 7,409 Minn. A St.Loal s. a. June 266.608 340,295 v93 877 V134.944 July 1 to JuneSO ... 3,265,472 3,540,840 vl237,'531 vl446,'l26 cNat'l RR. of Mex.. June 1,065,271 718,004 396,093 241,585 Jan. 1 to June 30 5,747.380 4,286,933 2,028,423 1,345,946 N. Y. Lack. & West.b— Apr. 1 to June 30.... 2.849.565 1,563,729 1,617,638 475,884 July 1 to June 30.... 8,572,751 8,218,426 3,845,760 8,730,887 Syr. Blng. & N. Y.b— Apr. 1 to June 30 363,321 238,769 192,278 26,022 July 1 to June 30.... 1,103,878 912,463 414,147 369,436 July Ito June 30.... For the second week of July our final statement covers 56 roads, and shows 14'88 per cent increase in the aggregate over the same week last year. July Year. Heads. N. Y. & OttawaApr. 1 to June 30.... 1,237,432 1,202.050 * toeek of Xel Earnings. Current Ereviotis . 1! Net Increase (1399 p.c). 2d [Vol. LXXVII. 13,417 113,252 8,297 97,016 4,143 37,739 1,530 28,584 1,641 694 def.399 2,251 13.512 34.525 li;,983 33,436 July 1 to June 30 330,920 310,114 612.482 707,720 Ball. R.4( Plttbs.b.June July 1 to June 30.... 7,452,733 6,313,244 3,220,329 2,681,241 846,737 Canadian Pacific. a. June 4.152,610 3,179.971 1,246,055 July 1 to June 3o... 43,967,373 37,503,053 15,836,848 14.035,912 558,864 108.466 669,156 62,376 Cent, of Qeorfirla.a June July 1 to June 30.... 9,164,470 7,750,691 2,071,920 1,950,181 intereat Charges and Surplus*—The following roads, in addition to their gross and net earnings given in the foregoing, also report charges for interest, &0i, with the surpltis above or deficit below those charges. — Int., Rentals, etc. — Current rrevious Year. Year. . -Bal. of Net Earn'gs.-^ Current Previous Year. Year. ^ Boads. $ $ $ $ 7.707 2,083 2,976 Atlantic <fc Blrm'gh. June 3,096 80.101 40,406 36,875 25,000 July 1 to June 3o..., 241,802 316,606 291.722 234,462 Clev. Oin.Ch. & St. L. June 2,8*4,063 3,799,651 1,877,268 2,172,601 July 1 to Jime 3o 12,339 June 33.689 33,689 20,608 Peoria dcEast 249,868 404,260 404,260 337,107 July 1 to June 30.... *265,667 *262,728 163,852 135,948 June Hooking Valley 989,368 '1,804,099 *1,602,378 July 1 to June 30..., 1,093,935 26,128 16,086 17,833 17.838 Indiana 111. & la.... June 267.817 214,000 207,588 268,134 July 1 to Jime 30.... Louisiana A Arkan.— *36,178 35,626 9,262 22,868 Apr. 1 to Jime 30 * 109,848 149.906 33,001 70,027 July 1 to June 30.... . . . . .. .. . AuacST 1, ... . . . — . THE CHRONICLE. 1903.] — Int., Renlah, Current Year. etc. — rrevioits Tear. Hal. ()/ Xel I'arn'gK.^ Previous Current Year. Year. Soads. N. Y. Lack. & Western 616,§^J 1.005,435 dM39,978 612,203 Apr. 1 to Jiine 30.... ',928 1,396,105 l,268,93o July 1 to Jimo 30.... 2,449,655 2,461 Syr. BlDK. & N. Y.46,404 145,871 def.20,882 46.405 Apr. 1 to June 30.... 190,047 229,632 184,515 179,383 July 1 to June 30.... N. Y. A Ottawa6.220 def.7,889 def.8,026 6,180 Apr. 1 to June 30..., 17,060 14,560 deM8,935 def.13,128 July 1 to Juno 30 * Inolndlng other Income. Inolndes Lake Erie A Detroit River Railway for both periods. — 8TBEET BA.ILWA¥8 AND TRACTION COMPANIES. 247 Street Railway Net Earnings.— The following table glTes Ihe returns of Stbbkt railway gross and net earnings received The general summary which we furnish once a this week. month, and in which we bring together all the roads from which monthly returns can be procured, will be given August 29. — Gross tarniuj/s. — Current , Eabmimos. Week or Ht Our'nl Fear. Prev'ut Tear. t 9 114.742 101,164 American R'ys. Co D June Aur. ElKln&Chlo.Ry Wk J'ly26 11.385 June 22.775 20,243 Bingham ton RR 6,840 Burllrgt'n (Vt.) Trac June 6,610 222,287 Oal. Gas i Electric. Jane 22.463 17,760 Ohloaso & Mil. Elec. June 46,49b 40,586 tin. Dayton & Tol.Tr June, Newp. & Coving Cln. 104.244 91.131 Light & Traction... June. - City Elec.(Rome,Ga.) April. Jan. 1 toLatett Date. Current Previout Tear. 601,162 608,295 109,185 33,369 94*810 29,545 93,721 233,321 '78,939 673.384 12,448 3.17a 3.062 238,863 214,98? 1,318,356 40,542 1 25,19^ 196,846 19,766 18,715 91,403 June 44.361 May.. 12,581 10.052 d wk J'ly 104.047 79,044 2,307,936 .'dwk .J'ly 12.S26 11,184 336,768 May.. 18.795 17,236 69,668 211.119 Juue 42,576 33,874 237,62V June 45,476 41,867 Wk.J'ly 26 i;28.520 t24,114 {693,098 Cleveland Eleotrlo. June Cleve.&So. W. ir.Co Juiitt . Cleve. Palnsv. A E... Dart. & Wport St.Ry Detroit United Ry..u Duluth-Sup. Tract... Eaet. Ohio Traction. Elgin Aurora & Sou. Harrlsburg Traction Havana Eleo. Ry. Co. . HonolclaRapldTran- Land June Honghton Co. 8t. Ry May HoQston Eleo. St. Ry. June 8lt<& ... ... Indlanap. Shelby vllle .Tune <fe Southeaatern Tr. Intemat'l Tract. Co. System May.. Ithaca Street RyMay.. JaokeonvUle Eleo.Co. May.. Knoxvllle Traction May. Lake Shore Eleo. Ry June Lake Street Elevated June Lehigh Traction June Lehigh Val. Trao. Co. (Buffalo)... . Street Ry. Dep Eleotrlo Light Dep May. May. Lexington Ry May. LondonSt. Ry.(Can.. June Mad. (Wis.) Traction June Met West Side Elev.. .fnne MIL Eleo. Ry. 4 LI. Co June MU.LtHeat&Tr.Co. June Montreal Street Ry Muak. Tr. & Light. Co. Street Ry. Depart. Electric Light Dep. 6aa Department... Hor. Ohio Tr. & Lt. Co Northwestern Kiev.. Oakland Trans. Cone Clean St. Railway.. WkJuly26 June June June Jnne Juno June May Orange Co. Traction. .May 23,467 16,111 37,237 California Gas A 10,306 2,!i08 3,094 77,970 99,857 95,312 7,534 10,07 ti 17,139 9.308 Light Go's Rochester Railway 1,724 105,377 Rockford Belolt & Janes vlUe June St. Louis Transit June Sao Paulo (Brazil) Tram. L't & Po. Co. June Savannah Elect. Co. Seattle Eleotrlo Co. . June South Side Elevated Syracuse Rap.Tr.Ry xerre Haute Eleo.Co. ToL Bowl. Gr.A 80.1^ Toledo Rys. A Light. Toronto Railway .... Twin City Rap. Tran. Dnlon(N. Bedford). June Jane June May May June Wk.J'jy 25 SdwkJune May Union Trao. of Ind.. June United RR's of San Francisco Jane. Wash. Alex. & Mt V May.. Youngs town-Sharon By. ALt. Co June J I 17.682 14,824 41,867 26,370 1,561 89,669 r28,293 rll,324 rl2.665 388,981 622,961 542,588 31,047 35,323 60,671 d96.712 r30,516 r9,338 rl0,741 318,936 575,415 449,486 20,476 31.688 40,373 7,728,668 6,850,466 76,163 83,974 232,950 141,299 11,048 601,336 116,062 10,016 627,420 13,200 60.325 645,590 557,114 3.467,464 3,014,587 102,500 46,104 44,897 181,797 150.715 127.893 114.674 65.643 60,863 38,485 25,135 24,77»" 632,364 813.944 782,285 381.542 697,334 712,368 346,613 I'OS'.M? 141,545 122,682 772,178 671,284 40,671 84,63211,140,091 948,714 80,596 72,217 2,164,102 1,893.206 82,109 27,118 133.594 115,587 97,302 81,424 602.076 339,067 488,113 454,219 2,966,671 2,857,151 21,72(. 20,899 91,130 86,784 42,881 Spanish sUver. These are restuta for properties ownecu 246.182 c Results for main line. d Figures here are from July 1. n These earnings Include the Detroit United Rr., Detroit & Port unron Shore Line and the Sandwich Windsor A Amherstburg Ry. r These flgtires are from Mar. 1 to June 80. • Kgnree for 1902 oover only the aev. Elyria <fc Western Ry. Co. 1.644 7,085 1,844 6,465 Elec- June Corp.a 222,287 Newp. A Cov. Light June A Traotlon.a 95,556 104.244 673,384 45,167 234,420 40.204 222,255 25,198 128,392 48,497 245,407 17,707 76,967 29,500 120,860 11,564 60,636 26,361 112,993 23,467 37,?87 398,220 66,S23 269,903 Lake Sh. Eleo. Ry.a June Jan. 1 to June 30 Pueblo A Suburban Traction ALight'gOo a June Jan. 1 to June 30.... Syracuse Rap. Tr.b June Jan. 1 to June 3.>..., Joly 1 to June 30 ronngstown-Sharon Ry. A Lt. Co.a June Jan. 1 to June 30 91.131 619,241 40,542 196,846 59,013 294,391 14.831 31,899 822,560 42,986 199,433 11,668 15,261 152,004 23,384 75,627 6,966 15,220 134.829 20,074 66,482 41.867 282,960 65,648 381,542 750,716 7,026 60,863 346,613 690,161 42.831 246,182 27,633 162,649 328,764 26,063 160,684 305,886 17,563 93,546 a Net earnings here given are after deducting taxes. b Net earnings here given are before deducting taxes. Interest Charges and Surplus. / Inf., Rentals, etc. — ^lial. of NelDarn'gs.—, , Current Jioads. Buff. & Wllliamsv. Elec— Previous Current Tear. Year. Year. Previous Tear. $ $ $ $ Apr. 1 to June 30 July 1 to June 30 ElecCalifornia Gas 624 June 65,449 82 870 1,861 7,210 1,979 6,627 & A 80,107 Cov. Light June Traction Jan. 1 to June 30 Duluth-Snp. Tract. June Jan. 1 to June 30 Honolulu Rapid Transit . 10,855 2,012 2,313 67,631 91,220 82,920 4,822 8,533 10,887 3,897 15,323 Cln. A 300,718 74,103 62,293 345,881 11.862 65,199 59,110 9,932 26,963 23.647 105,662 86,775 16,224 13,643 75,568 65,063 9.040 42,156 36,820 8,443 167,420 152,614 1,081,511 936,613 248,422 220,990 1,430,186 1,267,739 179,656 148,346 38,818 31,958 44,893 42,474 1,221,965 1,129,503 Year. 4,245 17,067 July 1 to June 30.... Corp Oln. Newp. 8.493 Year. * A WUllamsv. Eleo.b Apr. 1 to June 30.... tric 327,126 264,184 1,481,931 1,263,103 11,663 10,392 '76,102 20,373 17,396 96,217 103,373 23,526 20,411 82,992 56,S23 42.936 259,903 199.433 c63,243 C59,818 c 398,945 c 377,845 11,687 62,947 6,420 53,482 1,270,000 1,076,860 .. 201,088 519.241 12,655 1,170,544 tl28,39^ 84,144 41,122 2,054,026 280,915 62,751 186,456 252,733 J690,774 14,831 14,376 31,899 Oreg. Wat. Po. & Ry. April PeekB.L't'g&RR.Co. May Philadelphia Co. and AflUlated Corpor's June. Pottsv. Union Tract June Paeblo & Suburban Tract & Llght'g Co. June. Rys Co.Gen.-Roads. June June June. Tear. Year. . Precious $ Buff. Current Tear. The following table shows the gross earnings for the latest Jan. 1 to June 30 period of all stbebt railways from which we are able to ob Cleveland Southwestern Traction Co June tain weekly or monthly returns. The arrangement of the Jan. 1 to June 30.... table is the same as that for the steam roads — that Is, the Dnlnth-Bap. Trao.. June flrst two ooluxans of Ugures give the gross earnings for the Jan. 1 to June 30 latest week or month, and the last two columns the earnings Honolulu Rapid Transit for the calendar year from January 1 to and including suob June A Land latest week or month. Houston Elect. Co.. June July 1 to June 30 STREET RAILWAYS ASV TRACmON 0OMPANTK8. Latest Oro$» SaniingM. Xd JCariiiuffs. . I'reriiius tric GB088 J June A Land Houston Elect. Co.. June June 1 to June 3o Syracuse Rapid Tr.June July 1 to June 30 20,927 126,255 15,519 66,512 21,272 125,965 14,655 62,843 2,969 6,713 77,240 20,217 230,901 6,260 19,025 228,246 24,240 108,165 13,981 54,348 8,699 8,648 74,764 7.416 100,414 18,982 96,290 11,706 60,150 8,970 7,038 80,772 ANNUAL REPORTS. BiDghamton (N. Y.) Railway Company. CStatement for the year ending June 30, 1903. The company has issued the following for the last three fiscal years: 19f>2-03. Gross receipts Operating expenses Net earnings and taxes Interest Net Income Per cent oper. exp. to receipts.. 1901-02. $226,702 126,600 $207,800 114,630 190001. $190,910 104,075 $100,102 68,iOO $93,270 65,319 $86,835 $32,002 $27,951 $26,667 (65'8) (58'1) 80,178 (54'6) Central f onndry Company. (Report for the fiscal year ending June SO, 1903.J President Alfred Fowle Jr., says in substance: IMPEOVEMENTS.— It has been the effort of the board of directors during the past year to Improve.the quality of the oompami's products and Increase the capacity of Its active plants by the addition of new and Improved machinery and equipment. The company has thus been enabled under most trjlng labor conditions to reduce the labor cost on finished product and maintain on a reduced stock a better assortment of supplies than heretofore. The plants are unquestionably In a better condition than ever before. With the return of normal labor conditions and the oomnletlon of other Improvements that are contemplated, the cost of manufacture will be still further reduced SUBSIDIARY Companies, Etc—The Central Radiator Co., a subsidiary company, has been Incorporated under the laws of New Jersev with a capital stock of $100,000, fully paid at par, and Is In successful operation. The commencement of operations by the Central Iron & Coal Co. has been unavoidably delayed, owing to the Impossibility, on account of labor troubles, of securing some of the essential machinery for Its furnace. However, everything Is now practically completed, and advice that the furnace plant Is In full operation Is dally expected The coDstruotloa work on the Warrior Southern RR., connecting our coal mine with our furnace and coke ovens, Is also rapidly progressing, and the ofaolals thereof promise Its completion on or before Sept. Ist next. The 164 beehive coke ovens located at the furnace plant are all completed and being placed In commission as rapidly as possible. These ovens will furnish an ample supply of coke to operate the furnace at Its lull capacity. To provide lor the operation of the furnace prior to the completion of the Warrior Southern RR., a large stock of coke has been collected and a sutHolent supply of coal secured at a comparatively low price, thus assuring all the fuel for the plant until deliveries of coal commemee from our own mine, where a stock of over 60 OOO' ^t^^^ tons has been accumulated. J . > THE CHRONICLE. 248 PaosPKCTS— The further development of our mines has been most enoourft^lDR, guarauteeln^ to the companf an ample supply of coal, lime-etone and ore of hlRb grade for many years. This faot. when taken In connection with the completion and operation of a most modern blaet furnace and coke ovens of a oorrespondlns: capacity, both of which are equipped with aU the latest lahorsavlna; devices, should enable the company to priiduee pis: iron partloularly adapted for Its req.ilrements at as low a ojst aa any furnace In the country. Ellnituatlnu the results of the protracted strikes In the bull ling trades lines lu dltt<<rent sections of the country, the general condition of our bu^loees la encoaraglng and the proapeots are bright for the balance of the year. Protlca should be maintained and Increased under normal trade The oondltlonsi. reeults for the fiscal years ending Jane 30 are operating obarges f 665,449 1901 02. $378,055 equlpmeut $231,780 81.056 343,891 $231,780 40.272 39.818 8,722 9,083 $665,449 sales, less $320,983 $57,117 Deduct— Bond interest Replacement and betterment of Depreciation Miscellaneous Total Balance (credited to deficit July BA^LA^KCE 1, $ « — Vi*ntlnTestm't..«l 5,68«,16« 16,931.183 700.000 Trea»iiry stock 700,000 387,275 Cent. 1 iC.Co.tnv. Stockof sabsid. COB 700,000 Notes from subsid. .... COS. foradTati..Ao. tl''9,2ie Acot8& bills 431. H«3 « $ 14.000.000 14,00a.000 8,e<tiS,000 Uobenture bonds 3,868,000 Acoraed bond In38,630 38.630 Interest, ... 44,816 AccuunU parable 149.87W Taxes and licenses 4.4Si 1,143 ses,i30 100.887 6.339 4.778 53.903 6,607 4,771 18.056,460 17.947.689 Total 1903. 190.S. LiabilitiesCapital stock 515.1fl4 447,8« reole Inventor/ 30. I»09. Autts- Cash Vneiplred insur.. Kumituro & (Ixt's. 1901) SHEET JCNB 190;v Total 18,055,460 17,«47.589 New Eoglaiid Brick Company. months ended March 31, 1903, J The report isaned some time since says in substance: Since the organization of the company large outlays have been made on the several plants to bring them to their present good condition, so it Is expected by the management that they can now be operated at the minimum cost of production. Attbeoloseof th) fiscal year there were on band some;44 ,000.000 brick, a large part of which were waterstruck, a superior qaallty used for fronts of baildings and averaging price than common balldlng brick. sales lor f ature deliveries made in 1903 are large, being in excess of our sales for a oorrespondlDg peri )d in the year 1902, with the prospect of continued good business throughout the year. The price of brick Is about 50 cents atliousandhlgherthanln the spring of 1902. Progress has been made in economy of general administration and management of the yards. Cotisiderable progress has also been made in reducing the cost of briok burning, with the promise of more imhave added a line of building portant results this coming season. materlalB to our sales department, and are gradually building up a profitable trade in lime, cement, etc., wi .bout incurring any additional cost. With a fairly dry summer In 1903 there is every indloation of an ImproTed showing at the end of the tiext fiscal year. much larger Our We The income account and balance $298,676 62,859 , Ket earnings General ititeres' account Sinking fund Aug. 1, 1902 .• $145,816 $19,165 21,977 25,500 96,643 Surplus earnings $49,173 BALAHCE SHEET MA.RCH 31. 1903. Lidbililieg — $1,790, fJOO 1,037,500 Preferred stock ;ommon stock Bonds Accrued interest Aoc :8. & notes payable Surplus 850,000 7.337 362.746 69,058 . .$1,167,437 Receipts Grossfrom steamships.. -.2,677,918 Mails 14,510 1899-00. $ 133,428 1,655 1,883,413 8.640 121.857 15,436 2,868,969 13,878 158,555 29,764 8,609,810 12,282 150,673 44,825 2,827,606 2,029,346 3,071.166 3,817,620 1,890,688 1.587,660 1,870,743 347,588 280,0^9 527,463 188,868 122,208 152,269 1,505 3,330 7,700 Interest and exchange ... 75,809 19.242 Gen'l and extraor. repairs 314,823 324,732 345,168 1,950,159 534,684 131,430 8,807 13,471 Total Surplus Dividends Miscellaneous collections. Income from invests., etc. Total Expenses Steamer expenses Agency expenses General (Inolud.insur'oe). Miscellaneous 2.819,225 8,281 349,380 2,337,281 2,903, '?45 2,987.431 df. 307,935 167,821 830.189 (3)600,000 8,281 df. 807,93 5 167,821 230,189 30. 1903. 1902. 1901. Assets— $ $ $ Steamers.... 9,950,874 6,972,900 6,271,887 Steamers under contract 2,87i,772 3,325,400 Other fljating equipment 328,664 311,985 824,667 Real estate and other property..673,525 627,688 665,596 Cash 73,970 44,309 «.. 35,452 Agents and pursers 23,709 78,909 81,149 Trafti 3 balances 120,757 30,131 Individuals and companies 147,303 48,087 118,149 Material and supplies 223,818 396.841 253,099 Capital stock terminal companies lll,^98 121,138 121,598 Mex. int. funded debt, 5% bonds.. 22,954 22,951 22,954 Mexican consol. debt. 3% bonds.. 795 79ft Guatemala interest 12 p. o. bonds 19,800 19,800 19,800 Due from Cent. American gov'ts. 17,670 5,461 19,170 Jnadjasted accounts 79.905 967 44,664 Balance to profit and loss 11,091.533 11.046,834 10,615,686 . Total assets Liabilities 22,763,773 Advanced by Southern new steamers Accnnnts payable balances Uaclaimed dividends 20,942,852 20,000,000 20.000,000 250.000 62,738 8,910 921,978 169 634,804 136,389 15,660 8,910 772,721 24,959 8,910 865,580 56,625 22,763,778 Capital stock 21,593,444 20,030,000 — 21,693,444 20.942,862 Paolfio for 1,728,408 104,317 Tralfle Fund for depreolat'n and repairs. Unadjusted accounts Total liabilities.. p. 1190. -V. 76, Syracuse (N. 9,572 Interest on bonds outstanding Total : EARMINOB, expenses, ETC. 1902-03. 190102. 1900 01. $ $ $ $199,101 Total profits Administration expenses $3,347,659 80,204 20,000 489,145 Cash and accta. reo'ble. 158,276 Securities account 63,800 Fi ttlnge and fixtures. 8,352 follows 31, 1908. Profit for operation of all yards HlsoellaneouB receipts Sinking fund Bonds in treasury Supplies General Remarks —With the exception of an indebtedness of $1,738,408 for money borrowed to meet payment;^ on the new steamers, the company Is free from floating debt oth»r than current expenees. The cash on hand in New York, San Francisco and London, April 30, 1903, amounted to $56,414. The companv'a flrfet and property have been maintained at its high standard of effljieucy during the year. Statistics.— 'Et^xmngs, expenses, charges, etc., have been as sheet follow: STATKMENT FOR 15 MONTHS BNOINO MABCH AtteU— was $t,«79,114. BALAMOB SHEET APRIL ("Report for the 15 Plant, etc was delivered by the Shipbuilding Company 17. 1902, and sailed from San Franolsoo on her first voyage March 11. 1003. The cost of these two steamers ready for service Balance • Plants sold and equipment melted durinK year ($'<6,0Tl) and depreciation f $175,000 notes discounted have been de(i'343,881) have been deducted, ducted.— V. 77. p. 198. a S. 8. Siberia Nov. : 1902-03. Samlngs from The 1902. [Vol. LXXVII. Total $4,167,437 -V. 73, p. 960. Paclflc Mail Steamship Company. (Report for the year ending April SO, 1903. President E H. Harriman says in substance: GENERAL Results.— Compared with the operations of the preceding year, the receipts from steamers operated and chartered increased $794,500, and the receipts from other sources $3,660; a total Increase of ¥798.160. There was an increase of $302,963 in the expenses for steamers operated and chartered, also for agency and other expenses of $75,471, for Insurance of $56,399, and for Interest on loans of $56, After making 566, makine a total Increase in expenses of $491,903 the customary charge for depreciation and for general an 1 extraordinary repairs of steamers, amounting to $314,823, the year's operations have resulted in a surplus of $3,280, against a deficit of $307,985 In the preoediog year. There was a shrinkage In the company's earnings from an unusual combination of unfavorable condlt.Miis: the earthquake in Guatemala unsettled business in that Republic for a considerable time, a quarantine existed at some of the Mexican ports, the low price of silver reduced the exports to all countries on a silver basis, and some business was diverted by the low rates made by the Sue/ Oanal lines. Steambrs. Etc.— The charges to capital account have aggregated $1,110,161, of which $1,106,202 was for the remainder of purchase price and theexpenses of eqalpplng S. B. Siberi* and 8 S. Korea After charging the fund for depreciation and for general and exraordlnary repairs of steamers and other floating equipment with 153,986 for repairs and renewals, chargeable to this account, and with $11,579 for cost of storeshlp India, beached at Acapuloo, and for other property condemned during the year, there remains to the credit of this fund at the close of tha jear the sum of $J21.979. The S.S.Korea was delivered by the SWoballding Company June 17. 1902, and sailed from San Franoiaco on her first voyage Sept. 30, fOfflcial T.) Lighting Co. StatementJ. The statement made to the New York Stock Exchange last February says in substance: The company was duly Incorporated under the Laws of New York on May 28, 1901. Its capital stock is $4,000,000. of which $1,000,000 is preferred 5 p. c, non cumulative. Its $i.000,000 outstanding bonds are dated June 1, 1901. and are eeoured by a first mortgage to Colonial Trust Jo. of New York City, as trustee, upon all the property and franchises now owned or hereafter acquired. They are pavable June 1, 1951. coupons pavable on June 1 and Deo 1, at the ofHoe of Redmood. Kerr & Co., in the City of New York. The aforesaid $2,000,000 bonds, part of a total authorized Isme of $2,500,000. have been used In the acquisition of the entire otpltal stock of the Electric Light & Power Co. of Syracuse and the Underground Electric Wire Co., which companies have been merged into the Syracuse Lighting Co. The bonds of the Electric Light & Power Co. having been paid and the mortgage securing toem satisfied, the bonds of the Syracuse Lighting Co. are a first and only lien upon the properties mentioned. AH of the shares of stock of said two merged companies have been deposited with the trustee under the mortgage as additional security. Asauthorlz-d under the terms of the mortgage, $500,000 of said bonds are to be retained by the trustee and used by the Syracuse Lighting Co. only in amounts equal at their par value to the actual cost of such additions, extensions and betterments. All net profits after the payment of 6 p. o. In dividends upon the preferred stock and also upon the common stock must be divided ratably among the holders of preferred and common stock the same as If the stock of said company was all common stock. The preferred stock Is also preferred as to payment in the distribution of assets. In addition to an extensive system of subways in the heart of the city of Syracuse, its system of gas mains and oouDeotions and overhead electric liues, the company owns a large electric light and power plant with a capacity of 3,920 kilowatts; also a gas plant equipped with modern gas apparatus with a capacity of 1,500,000 cubic feet per day. I Jan. 1,'08. July l,'02. July 1,'01. No. of soiies arc city lights 1,803 1,182 1,808 No. of commercial arc lamps 894 922 714 No. of 16-0 p. Incandescent lamps 91,226 101,748 77,624 Horsepower of motors la use 1,268 288 1,384 Of the common stock, 19,750 shares have been used in acquiring the stock of Syracuse Gas Co., share for share, part of the consideration being the guaranty by the Lighting Co. of the 50-year 5 p. o. first mortgage gold bonds of 1946 of the Syracuse Gas Co., $2,107,000 of which are outstanding, and the remaining $i98,000 are to be used for additions, extensions and betterments. The Syracuse Lighting Co. having nurchased all the mains, pipes and ga.s plant of Syracuse Gas Co., and owning almost all of the shares of capital stock of the Syracuse Gas Co., is thereby given the control of the entire electric light and power and gas business of the City of Syracuse. The results for the year ending July half-year ending Dec. 81, 1902, were : Pirioii revered. Year « mos r-Gro-'s earnings. s ,— A'«t eor»ttnfl».— BUctricitu. Gas. Oas. Elcctrlcitu. ... |3i8,a83 ... ^172.814 800,941 $163,414 10«,7<3 »80,802 1, 1902, Bond and for the Dividend Hal.. interest, onpref. flOO.OOO 102,?25 t6).000 18,600 sKrp. $i'A814 70,800 . . . AUGUST 1, THE CHKONICLE. 1903.J BALANCE 8QEBT OF DEC. Aisett : 31, 1902. LiaNlidft — — Planta and frMOhUes. .$7,969,928 74,267 Conettuot'n acooante.. 90,976 Stock on hand 10,322 Cash C»«h In Bpeo. oonstrao28,694 Uonfund 107,404 Aoaounte receivable.. Stock of other oompanlea Prer»l'l •d*"'*'!*^® Authorizations Sngpeniled accounts... OperatluKexpenBes Fixed chiiFKes Div. paid Nov. 1, 1902. 250 3,823 872 4,041 178.830 102,225 12,; $1,000,000 3,000.000 2,000.000 2,089,000 101,434 Accounts pavablA 76 Taxes payable Interest accrued ...... 8,333 CoDBuiuers' deposits.. 3,439 Bud debt reserve 1,660 Protlt and loss 15,845 Earns, electric depart. from July 1, 1902... 199,434 Earnings ^as departm't from July 1, 1902.... 162,638 Preferred stock (Common stock First mortgage 5s Gas bonds Income from oth. scare. 00 2,293 Total $8,584,132 $8,584,132 Total Directors and otlloere: President, Ceylon H. Lewis; VlcoPresldent and Treas, John J. Cnmmlns; Sec. Louis L. Waters, all of Syracuse, N. Y.; Hon. Charles Andrew, Hon. Horace White, UendiiokS. Holden, Albert K. Hlpoook, John Dunfee, all of Syracuse, N. Y.; Robert O. Pruyn, Albany, N Y.; Stephen Peabody, James O. Bishop, Frederick Strauss, of New York Jlty, N.Y.; Howard L. Olark, Providence, R. I.— V. 76, p. 598. GENERAL INVESTMENT NEWS. BAILB0AD8. INCLUDING 8TBEET B0AD8. Baltimore & Ohio RR.— Litigation.—See Staten Island 249 solidated refunding mortgage for a sum not exceeding $250,* 000,000, maturing Jan. 1, 1988, at interest not to exceed 4 per cent. The proposed bonds will be issuable chiefly for refunding, at or before maturity, outstanding obligations of the company or constituent companies, or companies which may be acquired by consolidation, and in part for extensions and additions, viz.: For the future enlarKement, Improvement, extension and ec^ulpment of thu properties of thla compauy and of such other ooiiipunlei?; for the oonstructlun, purchase or aciiulsltlou of other railways and property; for the purchase, exchange or acqulaltlon ot bonds and stocks of other ooaipunies; for the purpose of reimbursing this company for moneys at any time expended for any of the purposes aforesaid; and for other lawful purpses. The new mortgage or deed 77, p. 195, 86. Buffalo Rochester & Fittsbargh Ry.-QwarferZy.- Earn- ings for the quarter and the 12 3 nios. end'g JuneZO — Qrois carningt, months ending June 30 were Net earningi. Other income. Interest, taxet, etc. Balance, Burplus. $853,912 683,941 $621,708 $885,982 108,503 377,025 $1,089,638 415,419 7,404,642 3.172,236 648,092 1,480,750 2,339.678 $l.9f>3.id2 1908 1902 1,599,763 12 mos. 1902-03 124,499 1,446,538 1,337,754 1801026,291,797 2.659.798 The present annual dividend charge is $858,000, viz Pre: ferred, 6 p. c, $860,000: common, 6 p. c, $498,000. Compare V. 77, p. 146. Buffalo & Snsqiiehaiina RR.— Bond*.—The New York Stock Exchange has been requested to list |280,000 additional first mortgage refunding bonds, making the total listed The extension to Buffalo, it is announced, will $3,801,000. be in operation inside of a year, V. 76, p. 693. Cedar Rapids & Iowa City Railway Sc Light Co.— This company was organized at Cedar Rapids during June, with |3, 100,0110 of authorized capital stock, to acquire the Cedar Rapids Electric Light & Power & Co. (see 'Industrial Companies") and to build a trolley line from Cedar Rapids to Iowa Citv, 28 miles. The cffioers of the new company are Stephen J. Dows, President; J. K, Smith, Vice-President, and E. E. Pinney, Secretary. ChailesKn Clendeunin & Snttcu RR.— Sale.— The stockholders of the Charleston Clendeunin & Sutton RR. will vote Aug. 11 on a resolution to sell that road to the Coal & Cobe Ry. V. 74, p. 1251. Control of the former company was purchased a year ago by ex-Senator Davis, who is building the Coal & Coke Ry. It is his purpose to form a througO line from a point at or near Elkins to Charleston, W. Va, He has the balance of the line under construction, and it will all be managed and operated as the Coal & Coke Ry. Co. when finished. The two Roaring Creek roads are together about 25 miles in length, and probably will be taken ioto the consolidation, as they also belong to Senator Davis, though this, we understand, has not been definitely determined.— V. 76, p. 479. Chateau gay ft Lake Placid RR.—Consoiidafed, —This company Las been formed with $450,000 capital stock by coneoli- — dation of the Chateaugay Ry,, the Chateaugay RR. and the & Lake Placid railroad companies. New stock is to be iseued in exchange for each §100 of old fttock as follows: Chateaugay RR., $250; Cbateaugay Ry., about $11131, and Saranac Lake Placid RR., $33 33. Directors: Abel I. Culver, Jersey City; C. Adolphe Low. Robert M. Olvphant. Talbot Olyphant, Frank E. Smith. Charles A. Walker. David WUlcox, New Yorh; Smith M. Weed, Piattsbnrgh; Wm. S. Opdyke, Alpine, N.J. Tomorrow (Aug, 2) that section of the road extending from Lyon Mountain to Lake Placid, a distance of 48 miles, will be changed from narrow-gauge, thus giving the Delaware & Hudson a through line from Albany to Lake Placid, Saranac & 1, Chicago Union Traction Co.—Offlcial Statement— Modiof Liases. Tlie shareholders of the Weat and North Chicago Street Railroad companies and the Union Traction Co. will meet Aug. 18 for the purpose of voting upon the ricalton — proposition to ratify the action of the directors of the three companies to modify the operating leases. An o£ticial statement issued on July 23 says: Important developments heretofore foreshadowed In the press took place when a modification of the leases between tlie Chicago Union Traction Co. and the North and West Chicago StreHt Railroad oompanlex was voted for, subject only to the approval of the stockholders and to the approval of thu Circuit Court of the United Stales. This action. In the opinion of the North and West onmmlttees, will prevent a disintegration of the property and dispose of the embarrassment growing out of the ambiguity in he previous leases. It Is provided that the lease agreements made In 1899 between the three corftoratlons. -imder which it was claimed that the leases of the underlyng North and West Side companies were absolute transfers of those leases, shall be a subletting only, and the provision whereby the guaranty fund, in case ot termination of the lease, becomes the property of the Chicago Union Traction Co., is 80 changed that the land shall be forfeited for failure to keep the covenants of the lease as to Rapid Transit RR. below.— V. 77, p. 144, Boston & Worcester Electric Companies.— F(frc7ia«e.— See Boston & Worcester Street Ry. and Marlborough Street Ry. below, -Vol. 77, p. 195. Boston A Worcester Street Railway Co.— Mortgage mortgage has been made to the American Loan & Trust Co. Compare V. payment of Boston as trustee to eecure |8,5C0,000 bonds. —A of trust is to be dated July 1903.--V. 77, p. 88. i of rental or otherwise. For a oerlod of live years from date the rentals reserved In the lease are to be a preferential charge up to 12 and 6 per cent, but to the extent of 8 percent upon the stock of the North Chicago and 4 per cent upon the stock of the West Chicago Comoany It shall be a preferential cumulative charge and shall be payable bftfore auy dividends are paid upon the stock of the Chloagro Union Traction Co. or its puooessors. After live years, as theretofore, the rentals shall continue to be paid up to 12 per cent and 6 per cent out of the net earnings ot the lessee company, but instead or being a cumulative preferential charge of 8 and 4 per cent, it shall be a dxed charge, and failure to pay this fixed charge of 8 and 4 per cent after live years shall operate as a default under the lease and a forfeiture of the guaranty fond to the North and West companies. The Chicago Union Traction Co. is required to make any and all changes and improvements in and about the rehabilitation of the property and bear all cost of maintenance of the property during the continuance of the leases, which la for the remainder of the unexpired period of 999 years. It is believed this is a moat Important step in the rehabilitation of the railways of the North and West street railroad systems. It pats all the properties in a position where there is Internal harmony, and where any ambiguity In the oorsiructlon of the leases is disposed of, and where Important progre.ss has been taken towards the soiation of the transportation problem of the city. The modilicatlons were brought about by the efforts of the two protective committees, who were unanimously In favor of them, the North protective committee being composed ot Henry A. Blair. Charles L. Raymond. Azarlah T. Gait, Charles R. Corwlth and Fred. H. Raweon, and the West committee of Bei jamin B. Lamb, Wallace Heokman, James Bolton, Charles R. Corwltii, Edward L. Brewster. William H. Gray and Fred. H. Rawson. who became directors of the two boards before the modldoations were voted for. The changes were also approved unanimously by the general protective committee, whose members are: Walter G. Oakman, John J. Mitchell. Marshall Field, H. N. Higinbotham. John H. Wrenn, R. B. Oovln, George E. Adams, H. B. Hoi ins. Norman B. Ream, Charles Steele, P. A. B. Wldener and Oakleigh Thorne. i The printed statement sent to the stockholders of the North and West companies recites also the following advantages secured by tbe plan: The gradual payment of your present lloating debt of $3,400,000 is provided for. After the payment ot a 12 p. o. dividend to the North Chicago Traction Co. and a 6 p. o. on West Chisago stock, and before any dividends on Union Traction stock, the earnings to the extent of $100,000 a year are to be applied pro rata to these floating debts. The voting power of the shares of your stock in the guaranty fund is taken away from the Union Traction Co. when it becomes, and so long as it remains, in default on Its lease. Dividends are paid on this stock only after you get your full dividends with such aoonmnlatlons as the lease provides for. In other words, this stock, as against your rights to dividends, is practically retired. The voting power alone exists asialnstyou, and this only so long as the Union Traction Co. is not in default. Receivers' Certificates.— Judge Grosscup, at Chicago on 28, authorized the issue of $4,000,000 of receivers' certificates, to provide for the floating debt of the Chicago Union Traction Co. and the West and North .Chicago street railroad companies. The receivers have also been authorized to take up the $400,000 Chicago Passenger Ry. bonds, which are due Aug. 1.— V. 77, p. 196, 146. July Choctaw OkLahoma & «nlf RR— Listing.-ThelHew York Stock Exchange has listed $349,000 additional bonds of 1952, is&ued on account of the extension from Haileyville to Ardmore, 115 miles. This make the total amount of 'consols listed |5,411,C00. Chateangay RB.— See Chateaugay & Lake Plaoid RR,, Earnivgs.—The results for the 11 nionths 'ended May 31, above.— V. 76, p. 101. 1903, follow: Chicago Barllngton & Qnlncy RR.— See Winona Bridge INCOME ACCOUNT JULT 1, 1902, TO MAT 31, 1903. Ry. below.— V. 77, p. 195, 146. Gross earnings DediiCt, $5,774,194 $188,017 3,729,370 Taxes Chlf ago Cincinnati & LoaiSTille Rj.— Mortgage.— A mort- Operating expenses Rentals 39,756 gage has been made to the American Loan & Trust Co. of Net earnings $2,044,824 Int. on bonds & equip. Boaton and the Union Trust Co. of Indianapolis, as trustees, Other income obligations 782,934 29,050 to secure $4,054,000 bonds covering the road about comxl03,222 Other deductions pleted from Cincinnati to Hammond, Ind., near Chicago, a distance of about 254 miles.— V. 76, p. 1247. Chicago Rock Island & Paciflc By.—Aeto Mortgage.—T He shareholders will vote Oct. 8 on a proposition to make a con- Total net income $2,073,874 Balance, surplus., $959,945 X Inolndes: loss from operation of and additions and'betterments to mines. $82,616; depreolfttloB of equipment, $15,000;] miscellaneous, $5,606.- V. 77, p. 196. THE CHRONICLE. 250 CinciBuati Milford Jt LoTelana Traction Co.— Mortgage.— This company has made a mortgage to the Provident Savings Back (S: Trust Co., as trustee, to secure $1,000,000 of 5 p.c. gold bonds, dated July 1, 1903, and due in 1933 interest payable Jan, 1 and Jnly 1. The capital stock is $1,000,000, to which amount it was increased from $300,000 last May par of shares, $100. The company has completed or nearly completed a trolley road from Cincinnati to Milford, O., via Madisonville and Plainville, and is building from Milford to Loveland. Recently the franchises, etc., of the Cincinnati Milford & Eastern Traction Co. were purchased, for a sum said to be about $65,000. This purchase carries with the tracks of it the right to enter Cincinnati over the Cincinnati Traction Co., via Gilbert Avenue to Sycamore Street, and the right to build a line to Milford, via Terrace Park and Red Bink, and thence to Blanohester. The lines as built, building and projected aggregate 41 miles in length weight of rail, 70 lb. A temporary contract for power has been made with the Cincinnati Georgetown & Portsmouth RR Co., but the C. M. & L will probably begin the erection of a power house shortly. B. H. Kroger is President; Thorne Baker, Vice-President; J. Nevin Roberts, Sec retary; Leo J. Van Lahr, Treasurer. Office, Cincinnati. Coal & Coke By.— See Charleston Clendenin & Sutton RR. above.— V. 74, p. 1251. Des Moines & Fort Dodare RR.—JVegofiafions.— Negotiations are reported in progress for the purchase of the control of this road, which was acquired last year by W. L. Stow and Edwin S. Hooley. The Chicago R.ook Island & Pacific has a lease of the property running until 1905, and might naturally be willing to purchase the sto^k at a reasonable price.— V. 76, p. 1248. Detroit & Toledo Shore Line RR.— Directors. The new board includes: Charles M. Hays, A. B. Atwater and Frank W. Morse, representing the Grand Trnnk, and Benjftmln Norton, O. D. Whitney and James L. ; ; ; — Frazler, representing the Toledo 8t. Louis & Western.— V. 77, p. 88. Eaeton & Ambor RR.—Oo7isoliiation.—See Lehigh Valley RR. below,— V, 76, p. 810; V. 57, p. 145; V. 20, p. 570. EvansTille & Terre Haate RK.— Change in Control.— Fo\ lowing the failure of Edwin S. Hooley & Co. came the announcement on Tuesday that the control of the Evansville & Terre Haute had been acquired in the interest of the Chicago Eastern Illinois [controlled by the St. Louis & San Francisco RR, Co.], by purchase of the holdings of the syndicate headed by Elwin S. Hooley, senior partner of the firm. The purchase includes 10,000 fifty-dollar shares of the common stock at 571^, or $287,500, which, with the stock already owned, gives the C. & E. I. interest a maj ^rity of the $3,987,383 of common stock at an average cost of 5 J to 55. There is $1,282,417 of preferred stock, but the latter has no voting power. The system, which embraces 308 miles of road, has long been operated under close trackage arrangements with the Chicago & Eastern Illinois, already part of the 'Frisco & system. B. F. Yoakum, President of the St. Louis & San Francis 30, has been elected to succeed Mr. Hooley as President and director of the Evansville & Terre Haute and its several subsidiary roads, and C. W. Hillard (Comptroller of the 'Frisco system) has been elected Treasurer. The New York office has been removed to the 'Frisco offices In the Hanover Bank building, and the Colonial Trust Co. of New York has been appointed transfer agent for both classes of stock. V. 76, — p. 919, Grand Trnnk Paclflc Rj.— Contract Signed, Subject to Legislative Action.— The agreement between this company and the Canadian Government providing for the establishment of a trans-continental road was signed on July 28, and on Jnly 30 the bill to give effect to the agreement was introduced in the Canadian Parliament. V. 77, p. 146, 88. [Vol. LXXVII. MoAJester has 40-year franchises for use of all and the principal avenues streets. The total population residing immediately along the lines of this company Is about 40,0 'O. The total bond Issue authorized $450,000, which covers the entire 20 mllos of road, power plant and equipment; the Issue is limited to fi .'2.500 per mile; f 191,000 only have been Issued. The road bed, track and eqalpment are of the mast permanent character— rook ballast, stone culverts and heavy railroad steel. To operate the S^ miles of road now ending at Alderson, sir cars have been purchased, each 43 feet over all, wlt£ General Electric equipment and all accessories ot the highest type. Is Indlanapalls ShelhjTille & Sontlieantern Traction Co.— Legal for 8ainngs Bank Investments. The Banking Department of the State of Maine has pronounced the $500,000 first mort. bonds to be a legal investment for the savings banks of Maine. The Bank Examiner makes the following statement regarding the company: It has Issued capital stock to the amount ot $600,000, and It has executed a trust mortgage which Is a first Hen upon its property to secure the Issuo of $500,000 of first mortgage bonds, all of which is — now outstanding. It has been made to appear to me that there has been paid In upon the capital stock In cash an amount equal to 33^ per cent of the mortgage debt In addition to such bonded debt.— V. 76, 1143. p. Kansas City Mexico & Orient Ry.- See International Construction Co.. under Industrials, below. V. 76, p. 331. — Key West (Pla.) Electric Co.— Change in Control.— New Bond Issue —A change of ownership has been made in the Key West Electric Co., the present offiiers of the company and their associates having purchased the property. A new bond issue is being prepared and extensive Improvements are under way. The officers are: Walter H. Knight, President; Frederic H, Porter, Vice-President and Gen. Mgr,; Chas, A, Murphey, Secretary and Treasurer. The new mortgage will be made to the Knickerbocker Trust Co. of this city, as trustee, and will secure $500,000 of 50-year 5 per cent sinking-fund $1,000 gold bonds, subject to call as an entire issue, but no lesser part, on or after Jan. 1, 1909, at 110 and interest; interest payable January and July at the office of the trustee. The capital stock authorized and issued is $300,000. Of the new bond issue $175,000 is to be held by the trustee for future extensions and additions, and $325,000 is now to be issued to purchase and retire the existing bonds ($200,000 due 1929, not subject to call) and for immediate improvements. President Walter H, Knight says under date of July 10: The company, organized under the laws of N-^w Jersey In 1398, la aoonsolldatlonofau electric light and power company and a street railway company— the latter rebuilt and electrified In 1899. The company owns the entire street railway lines in this city. The franchises are for 99 years, and are broad and liberal as to terms. Tracks are laid with 60 and 63 pound-steel rails; 7 cars, practically new. The light and power department comprises about 25 miles of primary circuits with over 6,00016 O. p. lamps installed and In operatloa, and over 100 H. P. motors and fans. The company holds the contract for city lighting for 200 lamps. The power house comprises 600 H. P. of engines with electrical apparatus aggregating 500 KW, all in brick building. The ice plant has a capacity of 4,000 tons per annum, but Is not yet ready for operation. The company owns an exclusive gas franchise and about 4 miles of mains which It is not now operating. The income for the fiscal year ending June 30th, 1902, was $(54,537, and the net income was $12,206. The cose of operation was about 82 per cent, which is obviously excessive, largely because of the cost of coal ($15,000 for 1902). Important changes in the power house, installation of internal-combustion engines, the use ot fuel oil instead ofjooal, new and more economical electrical apparatus, complete overhauling of the electrical system and r(<bondlng of the tracks will efieot ayearly saving In the cost of operatim of $14,381. This saving In operation, together with the net Income for 1902 and the net Increase In receipts this year, will bring the net Income to $28,030, even without further Increase of business from extensions and additions. The mileage of the street railway <b^ miles) will be almost doubled. Lake Street Elevated BR.— rime Extended.— The time for the security holders to deposit their securities, as provided in the agreement issued under date of Feb. 7 by the Higinbotham committee, has been extended to and including Sept. It is said that if the reorganization is undertaken, 15, 1908. a plan will be ready soon after the turn of the year.— V. 77, p. 147, 36. Lehigh Valley RR.- See Lehigh Valley RR. of New Jerbelow.—V. 77, p. 196, 147. Lehigh Valley RR. Co. of New Jersey.— Consoh'daMon.— Of the additional Under this title have been consolidated six New Jersey sub1952, making the total listed $t,984,000. bonds, $1,660,090 were issued to complete terminals, for sidiaries of the Lehigh Valley RR. Co. The capital stock of equipment and for relaying line with heavier rails; $393,000 the consolidated company is $16,454,000, in $100 shares. The bonds are for account of similar expenditures in the future. companies absorbed, their capitalization, etc., follow Total Bonds Miles New stock The remainder (516,000) of the authorized issue of $5,000,000 per »100. stock. Issued. of road. is reserved to retire underlying bonds not yet presented for $10,000,000 $100 $10,000,000 Lehigh Valley Terminal Ry.23 100 redemption.— V. 77, p. 88. 350,000 Greenville & Hudson Ry... 2>a 400,000 i8> 20 About 5 Hocking Valley Rj.— Called Bonds.— Fifty-nine ($59,000) Middlesex Ky Barltan By. 6 > 20 Perth Amboy & 69,000^ Columbus Hocking Valley & Toledo Ry. Co. Car Trust Plttston Branch Ry 100 4 > 100 6,000,000 69 6,000,000 Series ''A" bonds have bsen drawn by lot for redemption at Easton & Amboy Ry J. A. Middleton, Vice-Presipar and accrued interest on Oat. 1, 1908, at the office of the E. B. Thomas is President Metropolitan Trust Co., New York City,— V. 77, p. 36. dent; W. C. Alderson, Treasurer; D, Q. Baird, Secretary. The Indian Territory Traction Co.— Bonds Offered. Lehigh Yalley Terminal Rj.— Consolidation.— See Lehigh Colonial Trust & Savings Bank, Chicago, is offering at par Valley RR. of New Jersey above.— V. 76, p. 810. and interest $191,000 of this company's authorized issue of the foreclosMarlborongh (Mass.) Street Rj.— Sold.— $450,000 first mortgage 5 p. c. 25 year gold bonds, dated May ure sale on July 25 this property was sold for $102,775, to 2, 1903, and due June 1, 1928, without privilege of prior William A. Qaigley, representing the Boston & Worcester redemption. Interest payable semi annueiily. June 1st and Electric Companies.-V. 76, p. 102. Dec. Ist, at the Colonial Trust & Savings Bank, Chicago. Mexican Central Rj.—W. L. Stow Resigns.—W. L. Stow Coupon bonds $1,000 and $500 each. Merchants' Loan & of W. L S:ov7 & Ca,, who failed recently, having resigned Trust Co., Chicago, trustee. A circular says in part: director, James Piper has bean elected to fill his place ' A flrst and purchase-money m')Ttgtkf;e on 20 mlleo of [propoRSlj road as a have sold his holdings and new feqnlpnjent beloDKing thereto connecting Houth MoAlester, temporarily. Mr. Stow is supposed to the capital of Indian Territory, with McAlester, Kreb^, Aldereon, of the company's stock, but a report that H. Clay Pierce has to List,— Th.B New York Stock Exchange has been requested to list $3,053,000 additional first refunding terminal mortgage 5 p. c. bonds of 6alf& Ship Island RR.— Application sey : ; — M Bache, Dow, Halleyvi 1» and Hart«horne, and the numerous coal mines and other Indastrlea adjioent thereto. The company owns aright of ^ay 100 feet wide from South McAIester to McAleeter and to Hartshorne, a distance of 20 miles, and In the cities of MoAlester and Soath is denied. Increase in Rates,— Sqo National taken the stock V. 76, p. 1249. RR. of Mexico below.— — AXJGCST 1, THE OHKONICLE 1903.] Montreal Street By. Co.— New Stock.—The shareholders, it is aoEonnceci, will shortly be allowed to subscribe at par for 11,000,000 new stock, the proceeds to be used for improvements and additions.— V. 76, p. 1356. Montville (Conn.) Street By.— See Norwich Street Ry. below.— V. 73, p. 185. National BB. of Mexico.— Liited.— the New York Stock Exchange has listed f:30.063,600 four per cent non-cumulative preferred stock, $21,258 600 Ave p. c. non cumulative second preferred stock and |10,629,300 deferred stock and has authorized the listing of additional amounts of second preferred stock and deferred stock on official notification that the same have been issued in exchange for outstanding common stock. The total amount of second preferred stock authorized to be listed is $32,338,800 and of deferred stook Compare V. 111,116,700. 251 next year, to make direct connections between the several lines at Five Corners, and to inaugurate a reasonable transfer system on or before Sept. 1. It is now announced that the new system whereby an interchange of transfers will be established between the lines of the several constituent companies will go into effect to-day (Aug. 1).— V. 77, p. 37. Bock Inland Company.— iVei^ Mortgage.— See Chicago Rock Island & Pacific Ry. above. V. 77, p. 148. Acquisition. See Evansville & Terre Haute RR. above. — — V. 77, p. 148. — Common Shares no St. Lonis & San Francisco RR. Longer LTated.-The common stock, having been nearly all acquired by the Rock Island Company, has been dropped from the List of the New York Stock Exchange. (See V. 77, Rock Island Co. V. 76, p. 1409.) Acquiai tion.— See Evansville & Terre Haute p. 88; also 76, p. 1192. Increase in Rate?. — Oil account of the continued deprecia tion of silver, the Mexican Government has issued a decree, signed by President Diaz, authorizing the railroads of the country for the remainder of the present year to make a 15per cent increase in their tariffs, with the exception of the rates on corn, wheat, cotton, firewood, charcoal, coal and articles of export. See remarks in editorial columns.— V. 77, V. RR. above. 77, p. 197, 148. and & Eastern Rj.—Confolidation.—This com- Lonia Troy St. pan) capital stock $350,000, has acquired all the property Troy Ry. Co. for $104,500. franchises of the Collinsville , & Edwin H. Conrades is President.- V. 70, p. 126. San Francisco Terminal Ry. & Ferry Co.-Sale.—See p. 196, 37. Western Pacific Ry. below.— V. 78, p. 866. North Shore BR., C&Ufornla.—Aaseasment.—An assessSaranac & Lake Placid BR. See Chateaugay & Lake ment of |5 a share on the 60,000 shares of outstanding stock was called on July 23. payable within thirty days. President Placid RR., above.— V. 76, p. 108. John Martin is quoted as saying: Seaboard Air Line Ry.— Earnings.— The gross earnings — the asgessment $100,000 will go to pay for the new depot facilwhile $50,000 will be devoted to paying for the oomftasy's new ferry boat?. The remainder will go to pay for the eleotrlc ine to MUl Valley and San Kafael. From ities at Sausallto, The electric line between Sausalito and San Rafael will be in operation shortly. The power house is completed and the for the fiscal year ending June 30, 1903, were $12,706,537, an increase of $1,126,712 compared with the previous year; net earnings, $3,387,749, a decrease of $47,846. The fixed charges for the year were practically unchanged, whilst the income account, which will be published in a few days, will show a considerable increase in interest received from investments, rentals, etc. This increase will probably make the net surplus over all fixed charges for the year a little larger than for last year. The income account for the year will show company is now laying the third rail.— V. 76, p. 865. Northern Texas Traction Co., Fort Worth, Tex.— First Dividend, — The company has declared a dividend of IJ^ii per cent for the first six months of this year, payable Aug. 1. surplus earnings over and above 4 For the half of 1803 the gross receipts are reported as $206,939; net earnings, $102,668; fixed charges, $50,000; balance, surplus, $53,668. The total authorized issue of stock is The property, which has been under the syndi$2,500,000. cate management of Qeorge T. Bishop and John Sherwin, has been formally turned over to the stockholders, who are largely Cleveland men.— V. 76, p. 1356. first Norwich (Conn.) Street Rj.—New Offlcers.—At the annual meeting on July 29 directors were elected as follows: Stillman F. Kelley, William A Tucker, Boston; Billings P. Learned, London; Oostf Ho Llppltt, Stephen B. Meeoh, Asa Backus, Willis A. Brliooe, Norwich, New The new President is Stillman F. Kelley, Boston; Treasurer, Arthur Whiting, Boston; Secretary and Superintendent, Horatio A. Bigelow, Norwich. The same officers were elected for the Montville Street Railway Co.— V. 77, St. J. p. 147. Ottawa (III.) Railway, Light & Power Co.— Sale.— At the recent foreclosure sale the property was bid in for $160,000 by E H. Rollins Sons, of Boston, who represent most of the outstanding bonds.-V. 76, p. 1144. & p. c. on the company's preferred stock.— V. 77, p. 197. Seattle Electric Co.— P?oposed Ouaranty.-The "Seattle Post-Intelligencer" on July 21 said: Paul Noyes, a minor stockholder In the Seattle Eleotrio Oo., yesterday obtained a temporary restraining order In the Superior Court forbidding the corporation from guaranteeing an Issue of $3,000,000 bonds which It Is proposed to float In behalf of the Puget Sound Power Oo. The latter concern was organized for the purpose of utilizing the power In the Puyallup River and contlKUOus lakes, with a view to converting It Into electric power for Seattle and Taooma, In his applloc^ tlon for the restraining order Noyes sets forth that the Seattle Electric Co. Is about to guarantee the bond Issue, the sale of which Is made contingent upon such Indorsement. It Is proposed to sell $3,000,000 bonds Immediately and an additional $1,000,U00 at some future date not yet determined. The temporary restraining order was returnable July 25 and was then vacated. As to the Puget Sound Power Co. see V. 76, p. 1358. ~V. 76, p. 1353. Spokane (Wash.) Traction Co.—Mortgage.— A mortgage has been made & Trust Co. of this to the Title Guarantee an issue of $1,000,000 bonds.-V. city, as trustee, to secure 76, p, 866. Stamford (Conn.) Street RB.-New Offlcers.— The followPenn Incline Plane Co., FitUhurgh.—Meetivg Adjourned. ing, all, like their predecessors, officers of the New York —The meeting which was to be held by the bondholders on New Haven & Hartford RR. Co., have been elected as officers: July 31 to determine the course to pursue in view of the H. M. Kochereperger, President; John W. Parker, Secretary, failure of the Incline (on 17th St., Pittsburgh,) to pay its interest for several years past was adjourned without action because of the absence of President Joshua Rhodes. Philadelphia Co. of PittsDurgb.— iVo<cs,— Brown Brothers Co. have negotiated a $1,000,000 6 per cent loan for the company, payable $250,000 in six months, $250,000 in seven months and $5C0,0C0 in eight months. The proceeds will be used to pay for extensions, new equipment and a new power house. The money was borrowed on the company's securi ties without commission, tbree-fourths being placed abroad and the balance in Philadelphia.-V. 76, p. 1144. & FortsmoQth Dover & York Street Rj.—Mortgage,— A mor- gage has been made to the State Street Trust Co. of Boston as trustee to secure $650,000 of 4i^ p. c. bonds due in 1923, but subject to call in whole or in part in or after 1913, at com pany's option, at 105 and interest. Of the amount named $200,000 will be issued only upon th« payment of the first mortgage bonds of the Portsmouth Kittery & York Street Railway, which are to je called and paid off in the neaj future at 105, and $50,000 will be given in part payment of the floating debt incurred for extensions, additions and improvements. The company is a consolidation of the Portsmouth Dover & York (formerly'Berwick & Eliot & York St. Ry.), the Kittery Eliot Street Ry. and the Portsmouth Kittery & York Street Ry., the existing shares of which will be exchanged for stock in the new co. and old stocks canceled. Gov. John F. Hill of Maine is the chief stockholder. See Portsmouth Kittery York Street Ry. on page 79 of the & and A. S. May, Treasurer. — Staten Island Rapid Transit RR.— Suits Dismissed. Judge Piatt in the United States Circuit Court on Wednesday sustained the demurrers of the Staten Island Rapid Transit RR. Co. and the Baltimore & Ohio RR. Co. in two actions brought by Robert L. Redfield, as executor, for relief in view of the alleged fraudulent default in interest and foreclosure of the mortgage of the Rapid Transit Company, Judge Piatt dismissed both bills of complaint "without prejudice." The demurrers were based on the claim that the court had no jurisdiction and that the plaintiff and the Staten Island Rapid Transit Co. were indispensable party defendants.— V. 73, p. 186. Temiskaming & Northern Ontario Ry. (Ontario Govern* ment Railway).— fionds O^ered.— Sealed tenders addressed to P. E. Ryan, Secretary-Treasurer, and marked "Tender for Bonds," will be received by the Temiskaming & Northern Ontario Railway Commission at its offices in Toronto up to 10 A, M., Sept. 12, 1903, for the purchase of $2,750,000 3J^ per cent 80-year gold bonds, guaranteed by the Province of Ontario, to be delivered in Toronto; $2,000,000 on Oct. 1, 1903, and $750,000 in three equal instalments on Dec. 1, 1903, Feb. 1, 1904, and April 1, 1904. An advertisement says: The bonds will all be dated Oct. 1, 1903. with interest payable on April 1 and October 1. The Issue will consist of 6,500 bonds, each for $600 or £102 148. lOd. sterling. Both principal and Interest will be payable in gold ot the present standard of weight and tlneness in Toronto or New York or in London, England, at the holder's option. The total Issue Is not to exceed $25,000 for each mile of the railway and extensions and branches. The proceeds of the sale of the land grant ot 20.000 acres per mile, not includlcg, however, the proceeds of the sale of timber or minerals thereon, will, together with the surplus income of the commission from other sources, be paid over annually to a sinking lund for the redemption of the bonds, to be Invested in snch securities as the Lieutenant-Governor in Council from time to time shall think proper. Street Railway Supplement. Portsmouth Kittery & York Street By.-See Portsmouth Dover & York Street Ry. above. Public Service Corporation of New Jersey.— New Transfer System.— PieBiient McCarter in a recent letter to the The oontraot was let In October, 1902, for the construction of the Street and Water Board of Jersey City.lasking permission for main line from the Town of Nor'h Bay to Lake TemlskamlDg, a disthe company to build some additional trolley lines, an- tance of 110 miles, work under which has been continuously prosenounced the company's intention to place 150 new cars on cuted eince that time. Each tender must be accompanied by a deposit in the form of a bank the lines in the fall, to introduce additional street sprinklers draft or accepted check on a chartered bank to the order of the Temis- — : THE CHKONICLK 252 kamic;; ^t Northern Ontario Railway Commission for an amonnt «qalTalent to 5 per cent of the par valae of the amount of bonds covered by saoh tender. The t)0Bd9 win be equivalent to Government bonds with the added aecnnty of the railway and land Krant, as mentioned. Texas & Oklahoma RR.—iVew .Mbrfgrapc— This company, which Is building a road from Oklahoma City to Colgate, I. T., 125 miles, has filed a mortgage to the Central Trust Co. of [Vol. LXXVII. place of the $125,000 certified check deposited with the court by the Daly Bank-Trust Co. as a band tor the Amalgamated Co. in the Minnie Healy case; (8) modified in favor of the Parrot Silver Mining Copper Co. [controlled by the AmalgamatedCompany] the injunction secured by Heiiize at Butte in the celebrated Nipper case.— V. 77, p. 90. & American Cement Co.— Ouaranteed Securities -Option York, as trustee, to secure |2 500,000 of 5 p. c. 40-year to Subscribe.— As foreshahowed in recent annual reports, the bonds, interest payable March 1 and Sept. 1. The Missouri company is proposing to build, at Norfolk, Va,, a plant with Kansas & Texas Ry. Co. guarantees the bonds, principal and an annual capacity of about 500,000 barrels of Portland interest. The new mortgage takes the place of the |5, 030,000 cement. For this purpose it is proposed to organize the mortgage naade in 1902 with the Trust Co. of the Republic as Seaboard Cement Co., which will issue $300,000 6 p. c. 20 year trustee, this latter mortgage having been satisfied (V. 75, bonds (sinking fund $15,000 yearly), $300,0(0 cumulative 7 1803. p. 734).— V. 76, p. p. c. preferred stock and $700,000 common stock. The bonds Washington (D. C.) Terminal Co,— Confracf*.— Contracts will be guaranteed by the American Company, whose stockinvolving the expenditure of more than $2,000,000 have been holders have the privilege of subscribing for the same (from let on account of the new terminals, the total cost of which July 20 to July 31 inclusive) at par, receiving therewith 25 will probably be about $14,000,000.— V. 76, p. 812. p. o. In common stock as bonus; also for the preferred stock Western Pacific Rtt. Bond*.— The shareholders have au- at par, receiving a bonus of 50 p. c. in common stock. The thorized an issue of |!50.0C0,000 of 5 p. c. 8)-year bonds, to American Company will control through its holdings of the provide for the construction and equipment of the line now common shares. The subscriptions will not be binding unless the total subscriptions aggregate $500,000. A prospectus being surveyed from San Francisco to Salt Lake. says Consolidation.— Deeds have been placed on record in Oik The Seaboard Cement Oo. will become the owner of lands and rights land, Cal., conveying to the company the Sacramento & Oikland Ry. Co. and the San Francisco Terminal Ry. & Ferry embracing high-grade dry shell-marl and clay, estimated from borings at 15,000,000 to 20,000,000 cubic yards- a practically inexhaustible Co. (V" 76, p 866.) The former, It is stated, was purchased supply. It Is believed that these lands contain the only deposit of for $28,879 86 and $2,000,000 stock of the Western Pacific Ry. material available for cement making on the Atlantic sea coast at or New — Co.: the latter for $397,815 and $12,000,000 stock of the greater corporation.— V. 77, p. 38. Wllke3birre& Hazleton RR.—Bond Saie.- Rudolph Kley- & Co. have purchased $500,000 of this company's $2,500,000 collateral trust bonds of 1931: also a block of the $3,500,000 stock.— V. 73, p, 38. boldte Winona Bridge Ry.— Change in Control.— About twothirds of this company's $400,000 capital stock is reported to have been acquired by or for the Chicago Burlington Qaincy the other third being held by the Green Bay The oflBcers now are President, W. W. Bald <& Western win of Burlington, la.; Vice-President, J. A. Jordan of Green Bay; Secretary. H. W. Weiss of Chicago; Treasurer, T. S. Howland of Chicago. There are 1884,000 bonds outstanding. See page 143 of Investors' Supplement. RR & , : INDU8TBIAL. »A8 AND M18CELT.ANE0n8. near a seai>ort. The works will have an annual capacity ot 5CO.0OO to 600,000 barrels, and the consumption at Baltimore. Washington, Norfolk and Richmond, to all of which points thlt* company will enjoy water freights averaging at least 25 cents a barrel less than the rail freights from the Lehigh district, is much In excess of this amount, and constantly increasing. On the basis of an output not exceeding 500,000 barrels and a profit of only 20 cents a barrel, the earnings would cover the interest and sinking fond and the dividends on the preferred stock and leave a surplus ot $46,000 applicable to dividends on the common stock.— V. 76, p. 665. American Pneumatic Service Co.— Meeting Adjourned,— The annual meeting, which was to have been held this week, — has been adjourned again until September 8. V. 77, p. 89. AstDria (N. Y.) Steel Co.— Reorganized Company.— The New York Steel Wire Co., Astoria, N. Y., haa been reorganized under this title. The new company, it is understood, is to abandon the manufacture of wire rods and confine itself principally to the prodaotion of steel castings. J. F. Kernochan, 44 Pine St.. New York, is President. Compare New York Steel & Wire Co.— V. 76, p. 438; V. 72, & Alaska Packers' AssoMatlon.- New Salmon Cannery.— A press dispatch from Tacoma, Wash., says: p. 678. 630. This company has jast completed, at Anacortea, the most perfect salmon cannery In the world. It was constructed on the site of the cannery purchased about eighteen months ago from the Anaoortes Packing Oo. The company owns several Ingenious patents, the latest Improvement being a tlshcleanlng maohlae whloh does the work of 12 Chinese. This machine cuts off the head, siloes the tlsh open and thoroughly cleans It. More than 5.000,000 cans are on hand in whlob to pack the season's run. Six hundred people will be employed, of which about one-half are whites, the rest being Chinese, Japanese and Indians.— V. 76, p. 651. 0. Aaltman-miler Bockeye Co. (Farm Implements, Akron, Reorganized Company. This company has been incor- — porated under the laws of Ohio, with $750,000 authorized capital stock, to succeed to the properties of the defunct concern Aultman Miller Co., which were recently sold to Judge William A. Vincent, of Chicago, for $640,000. The first impression was that the purchase was made in the interest of the International Harvester Co. (V. 76, p. 1857), but later reports state that Mark Hanna is the leading spirit Amalgamated Copper Co.— .Earnings, Etc—The •• Eq- in the new organizition. It is expected to increase the capacity of the plant to 30,003 Buckeye machines annually. gineering and Mining Journal '' says: In a recent Issue we published In our news columns some figures The incorporators are: Wm. A. Vincent, Gorton W. Allen, from the returns made by the mining companies of the Butte district C C. Bolton, Sam W. Folsom, Silas Hitchcock. to the assessors of Silver Bow County, Montana. As the published Bay State Gas Co. — P/a?i Approvedby Directors— Circular. figures contained some Inaccuracies, we haye obtained a full tranPresident J. Frank AUee announces that at a meeting of script from the assessors' books, showing such information as is contained in these reports. They are made in such general form as to the directors held July 15 resolutions were adopted recomconvey very little real infi rmatlon; but We give the figures because mending the plan of reorganization, which provides for an they are the only Information approaching the nature of a report exchange of the stock upon certain cash payments, for stock «-hlch Is made public by these companies. The ore tonnages, gross and net earnings, as reported to the assess of the United Gas & Electric Co, The stockholders have ors, were as follows: also received copies of a pamphlet describiog the Moskowitz Total Orots Net QrosB Amalgamated Copper Oo.— tons proeeedt. proceeds, pr.ton. system of electrically lighting railway trains, which is controlled by the U. S, Light Heating Co.; also a circular Colorado Smelt'g & Mining $235,113 9998,639 843,090 Butte & Boston 245,333 202,408 §7 90 showing prospective profits. The circular states that the Parrot 253.284 2,258,870 586,367 8 91 Boston & Montana 907,227 12,730,899 4,033,467 140J plant of the company at 18-22 Thomas St., New York, has a Anaconda 1,892,835 14,997,852 1,601,199 10 48 capacity for manufacturing three-oar lighting equipments Other companies— per day, the selling price of which is $1,000 per equipcaent, Colnsa-Parrot 265,118 245.785 8 29 and that on this basis the net earning capacity is $1,620 per Washoe 106,588 1,113.785 10 45 Montana Ore-Purch. Co.... 293,332 3,587,692 601,250 12 23 day. With additional capital, however, it is proposed to The expenses, as stated In the returns of the several companies, are double the output. Compare V. 77, p. 198. & . — & given In the following table : Amalgumuled Copper Oo — Mining. Trans- Itrdtn- par'. tion. Refining, etc Colorauo HmeU'gA Mining.. $581, l-.<6 $37,6»3 $386,728 Butte & Boston 801,401 39,287 524,361 Parrot 710,831 4.^,591 692,267 $220,814 Boston & Montana 2,368,983 907,227 2,767,042 2,634,180 Anaconda 4,863,421 208,295 4,718.155 3,207,152 O'her companies Colnsa-Parroc 881,583 60,636 911,939 Washoe 404,470 15,988 328,170 Montana Ore-Purch. Oo 1,039,029 95,333 1,803,565 048,514 In addition, the Washoe Company reports $903,139 paid for improvements. Distances from mines to works ovpr which the ore Is transported: C')lnsa-Parrot, 2 miles; Boston & Montana. 172 miles; Anaconda, 27 miles; Washoe, 27 miles: Montana Ore-Purchasing Co., 3 miles. This statement has little value as a comparison In costs among the dlflerent companies. Thus, tht; Butte A Boston Compaoy only carries Its copper products thront,'h the converters, while the Boston & Montana Includes, under redaction costs, the expense ot electrolytic and furnace refining on a large part of its output. Thft same is true of the Anaconda reduction co»tH, as the greater part of the cooper Is treated eleetrolytloal.y. The Washoe and Parrot ores are trearea at the Anaoonda Works, as well as the Anaconda ores.— Compare V. 77. p. 90. 1 to Cartagena Terminal — The Si Improvement Co., Limited.—iie- reorganization committee, Francis R. Hart, Ames Building, Boston, Chairman, announces that it has, in accordance with the agreement of Oct. 10, 1900, declared the plan therein set forth operative with the following amendments: CAPiTALiz\TioN.—The capitalization of the reorganized company Is as follows: Six per cent first preferred stock, camnlative from Jan. 1, 1903. $1,835,900; six per cent first preferred stock, cumulative from OTflram^iaMon. Jan. 1, 1897, $12,100; six per cent cumulative preferred stock (old), $2,000; ordinary stock, $GiJO,000. Total, $2,»50.000 Voting Tudst.- All the stock, except $li;,lOO of 6 per cent cumulative first preferred stock, $2,000 of 6 per cent cumulative preferred stock and $18,500 of ordinary stock, not deposited with the committee, has been placed in a voting trust, ot which James C. Colgate, Samuel Carr, T. Jetterson Coolioge Jr., Charles F. Ayer and Francis B. Hart are trustees. This voting trust will expire by limitation on July 1, 1910 (unless extended by a vote of two-thirds of each class of the trust stock, common and preferred); bnt it, may be terminated at any time by vote of holders o( at least a majority In Interest of each class of the trust shares. The stock trust certificates are now being delivered at the Old Colony Trust Company in Boston. The terms of exFavorable Decision. — The Supreme Court of Montana on change were stated in V. 71, p. 865. There has been no new July 24 (1) ordered a re-trial of the celebratf'd Minnie Healy company formed as the deposit; and canjellation of all of the case because of the questionable conduct of District .Judge E The first m)rtgage bonds made foreclosure unnecessary. W. flarney, who decided the case in favor of Heinze; (2) other deposits inclade income notes, 100 p. c; preferred and denied Helnze'd application for the substitution of cash in ordinary stocks, over 99 p. c. The building of the Panama ; August N & 70, p. 948. CitizeBB' Has & Electric Co , Coancil Blnft's.— SaZe.— See Power C\3. btlow.— V. 72, p. 139. Electric Light Clebarne(Tex.) Water, Ice & h\^hUrs Co.— Mortgace.— mortgage has been made to the Union Trust Co. of Pittsburgh, as trustee, to secure flOO.OOO bonds, of which $50,000 issuable only on retirement of a like amount of exitting bonds due in 1807. The new bonds are gold 6 per cents, dated July 1, 1903, and due 1943, but eubjfct to call at par after Jnlv 1, 1904 in various amounts yearly; denomination, $500 and'$l,OCO; interest payable Jan. 1 and July 1. & Omaha A Colnmbng (Ga.) Water Works Co.— Injunction.— ProtecCovimittfe —See "Columbus, Qa.," on page 262 of our tive '• State and Ciy Department.— V. 76, p. 764. Consolidated Lake Saperlor Co. — President Shieldn's Apl>ea'.— President Shields, in a letter referring to the report, of which an abstract was published in th« Chronicle last week, urges as follows the necessity for the shareholders to subaoribe to the new bonde: With all this inforraatton bPfore you. It seems necessary now to Imupon you thp gravity ot the situation and the necessity for your m mediate part lolpatton In the relief plan. By means of the issue of $12,500,000 of 30-year 4 per cent bonds there mubt be provided the fall aoiount of §7,500 000 with which to take care of the temporary loans of $5,0^^0.000 and about $1,.'SOO,000 of current debts, chletty balances on oocstruotlou accounts, and to provide about $l,000,u00 of worklDK capital, wirhout which it will be Impossible to start the blast furnaces and f teel rail mill, which are the largest and most protltable of the company's operations. Unless this entire sum can be provided In some way, the whole property must pass into thehandsof the creditors; and forced liquidation, Kith allot the works Idle and unproductive, is aare to result In the sftorlHce of % ^reat part of the Investment. On the other hand. If 'he $7,500,000 can be provided, the company will be free of its fl >atlng indebtedness, with working capital sulflcient to carry on its business and In a position to earn doable the amount of fir«88 Ita fixed charges. This money is required, not to meet losses nor to cover unexpected ooDstraction, but simply to complete the Investment planned wh*^n the last $8,500,000 of preferred stock was offered for sale. This $7.500,000 now needed praotloally represents what the company failed to receive from that preferred stook, ana the Interest on bonds now to be issued is no more than would have been required to pay the dividend npon the preferred stook which has not been issued. It is a question now of raising the money or losing the property.— V. 77, p. 198. 193. Consumers' Light, Heat & I«e Bonds. —This h THE CHRONICLE. 1, 1903.] Canal, it is said, will be advantageous to the company'a interests.-V. 71, p. 1123. Cedar Rapids f la) Electric Light & Power Co.- Called Bonds.— AW the f 175,000 first mortgage 5 p. o. bonds of 1900 will be paid at 105 on Nov. 1, 1903, at the office of the American Trast <fe Savings Bank, Chicago. The interest conpons W. Harris & due Nov. 1, 1903, will be paid at the office of Co., bankers, at their office in New York or Chicago, at the option of the holder. Tde property is to be acquired by the Light Co., which see be Cedar Rapids & Iowa City Ry. low.-V. — ; Co., Newport News, Va.— company has xaade a mortgage to the Com mercial Trust Co. of New Jersey to secure $250,000 bonds, to provide for additions, etc. The company was incorporated in March, 1900, with $100,009 authorized capital stock, the incorporators including W. C, Stuart, R. W. Perkins and other citizens of Newport Newa. Canard Steamship Co.— Ratified.— ThQ shareholders, at the meeting on July 29, unanimously approved the proposed changes in the articles of association and confirmed the agreement with the British Government. Compare V. 77, p. 198. Coyahoga Telephone Co , Cleveland, 0.— Profit-Sharing.In order to stimulate the employees to more careful and enthusiastic service, President Dickson has offered to divide among them 20 p. c. of the company's surplus earnings for the half-year ending Dec. 81, 1903, after payment of expenses, taxes and interest. V. 77, p. 91. Detroit City Gas Co.— iVete Mortgage.— A mortgage has been made to the Equitable Trust Co. of New York as trustee to secure $10,OuO,COO of general mortgage 5 p. c. gold bonds, dated July 1, 1903, of which $6,000,000 are reserved to retire prior liens. The immediate issue will be $500,000, which is being offered at par by Emerson, McMillia <ft Co, The bonds numbered 1 to 1,000 mature 100 annually to July 1, 1913, and the remainder of the issue runs to July 1, 1923, The interest periods are January and July. The The Detroit City Gas Company is constantly improving and extending its service and it has spent much money in the past year. Part of this went into the great gas-holder In the west end of the city.— V. 76, p. 1308. Detroit Mackinac & Harqaette RR.— Distribution.— At a meeting held on July 27 at the office of Jefferson M. Levy, chairman of the bondholders' committee, the following resolution was adopted Whkb»a8, There is now In the hands of the trustees at least $1,100.OoO in cash received from the sale of lands and subject to the interest and principal payments to the bondholders as provided in Article 7 of — : 253 chafe and retirement of the outstanding bonds under the terms and provision 8 of Section 2 of Article 7 of the land grant mortgage. Article 7, above referred to, provides that 25 per cent of the principal received on account of lands sold shall be applied to payment of interest on the bonds and the remainder as sinking fund.— V. 77, p. 91. — Eastman Kodak Co. Purchase. Control has been purchased of the Rochester Optical & Camera Co. upon terms considerably more advantageous than the first offtjr of $400,The holders of preferred stook of the Rochester Opti000, cal & Camera Co.. it is stated, will get a portion of their money back, but the holders of common stock "will receive practically nothing.— V. 76, p. 1029. Edison Storage Battery.— Official Statement.— The "New York Times" quotes Thomas A. Edison as saying One of my new storage batteries has been In operation for the last : three weefts In one of Altman's delivery wagons, and la doing all that The new battery averages more thana I fxiiected and claimed for It. third greater mileage for half the weight than the old lead battery, and it can be recharged at a much faster rate. Ever since I took up this problem I have worked with the iriea of using the battery for street locomotion— in automobiles and trolleys. And now the auto-battery Is tlolshed. I have been experimenting with an electric coach to-day, and it Is surprising how well it showed up. We climbed Eagle Rock, where the hlll-cllmbing contests are held, with the greatest ease, and we really did not dare to attain our maximum speed. We cannot put the new battery on the market In any quantity as yet. The best we can do now Is to mahe one a day. By October we will make at least six dally, and aoout Christmas we will be la shape to Doeet any demand. Tl.e trouble has been that special machines had to be built, but tne last of these will be completed next we-k Another disadvantage I have to contend with Is paying 40 p. o. duty on a certain sheet steel that mnst be Imported from England or Germany, and then In only limited quantities. By Christmas three roiling mills will be able to make it for me here in this country, and then the present hlsrh price for the batteries will be reduced. Next year I will wager hat I can take a car of my own design, fitted with my motor and battery, to Chicago and return In lees time and with more pleasure than any other machine in existence; the trip will be made at an even 25 miles an hour. i The "Times" adds tbat the official test of the new battery wagon at Altman's shows that the old lead in the delivery and had a maximum of 25 which replaced it weighs 650 pounds and drove the wagon 368 miles. Besides which the old battery acoupied 12"8 cubic feet while the Edison took up battery weighed 1,S60 pounds miles, while the Edison battery only 8-5 cubic feet.— V. 74, p. 1199. Electric Tehicle Co.— -SeWen Patent.— Co-operation.— The Chboniclk in its issue of April 4, 1903 (page 764), announced the decision of Judge Lacombe, upholding the Selden patent, which is owned by the Electric Vehicle Co., and which covers broadly all forms of gasolene automobiles. At the same time was given a list of nineteen leading manufacturers who under the title of the Association of Licensed Automobile Manufacturers had agreed to unite to protect this and some 400 other patents from infringement. The following additional concerns have since joined the Association: Waltham Manufacturing Co., Waltham, Maes. Pope Motor Oar Co.. New York, N. Y. Charron, Girardot & Voigt (Smith & Mabley), New York, N. Y,. The Commercial Motor Co., Jersey City, N. J. Berg Automobile Co., Cleveland. O. Cadillac Automobile Co., Detroit. Mich. Northern Manufacturing Co.. Detroit, Mloh. Kirk Manufacturing Co.. Toledo. O. Elmore Manufacturing Co., Clyde. O. E. R, Thomas Motor Co., BuSalo, N. Y. The Selden patent (in the language of the Patent Office) includes: The combination with a road locomotive provided with suitable running gear, including a propelling wheel and steering mechanism, ot a liquid hydrocarbon gas engine of the compression type, comprising one or more power cylinders, a suitable liquid fuel reoeptaole, a power shaft connected with and arranged to run faster than the propelling wheel, an Intermediate clutch or disconnecting device, and a suitable carriage body adapted to the conveyance of persons or goods. The patent, therefore, covers, it is claimed, the manufacture of all gasolene cars made in the United States. Members of the association own individually about 400 patents, covering nearly all details of automobile construction. It is estimated that $150,000 has heretofore been spent in patent litigation; hereafter the association will defend these patents against encroachments by outsiders. This means large economy to individual manufacturers in the way of legal expenses saved. See also notice to manufacturers, sellers and users of gasoline automobiles on another page; also V. 76, p. 764. Equitable II laminating Gas Light Co. of Philadelphia. — Output. The statement of gas sold in the city of Philadelphia for the quarter and the half-year ending June 3(), as filed with the city authorities, compares as follows OuHe feet gas— 1903. 1902. 1901, 3 months 965,293,690 1,448,286.260 1,090,600,320 6 months 3,354.661,860 2,494,472,000 2.237,688,490 — : 6 months' gross revenue Of which city receives... -V. $3,354,662 335.466 $2,494,472 249,447 $2,237,588 223,758 75. p. 1356. the land grant mortgage Fort Wayne Trust Secaritles.— .FVwai Payment.— On Series And Whereas. There is at least an additional $900,000 In the hands A a final dividend in liquidation amounting to 81*8 cents per ot the traste*s, consisting of mortgages and land contracts And Whbrkas, After setting aside the reserve fund for interest pay- share was paid to shareholders on July 20 at the American ments at the rate of 7 p o. per annum, as directed In Section 1 of said Arti 'le 7, a large balance of over $900,000 will remain In the hands of the trustees, and as such will constitute a sinking fund for the purchase of bonds as direoted in Section 2 of said Article 7. A^No Whereap, The said frnsteeg, by said Section 2 of Article 7, are dlreottd to use and apply the residue of said moneys as constituting a sinking fund, as aforesaid, for the purchase and redemption of t)onls; Note, therffore, Resotvid, That It is the sense and desire of the bondholders, represented by their committee, that the trustees shall apply with all possible dispatch the balance of moneys in their bands, after Mttlng aside the proper amount for Interest payments, to the par- Loan & Trust Co., Btoston. FdUod Coal Co.— Reduction of Stock.—The will vote Sept. 16 -V. 74, p. 481. shareholders on reducing the capital stook to |242,144 80. Great Western Cereal Co.— Prefe red Sfocfc.— The shareholders voted on July 27 to issue $500,000 8 per cent cumulative preferred stock at par; also to purchase |11,400 of the 'outstanding stock of $2,511,400 in the open market, whic THE OHaONlCLE. 254 amouat. with the stock now unissued, beiag a total of $500,000, will "coastitute and bs the preferred stock of this company."—V. 77, p. 198. Hadioa River (Bell) Telephone Co.— Authorized.— The shareholders oa Tharsdiy approved the proposition to increase the aathorizad issae of capital sto^k from $4,0 30,000 to |5,000,COO.— V. 77, p. 199. Internatioual GoQStractlon Co.— Increase of Stoek.—This oompanv, whicb has the contract for building a large portion of the Kansas City Mexico & Orient RR., will increase its authorized capital stock from $7,000,000 to $10,000,000, for the purpose of building a branch from San Angelo, Tex., to Spofford, Tex., where connection will be made with the Southern Pacific. Connection will also, it is said, bs made with the Mexican International at Laredo, Tex. The shareholders will vote Atig. 24 on the proposed increase in the stock. Compare V. 75, p. 1357. lEternatlonal Har?e8ter Co.— See Aultman-Miller Buckeye Co. above.— V. 76, p. 1357. Knickerbocker Ice Co., Chicago.— Picrchase. This company has purchased all the stock (no bonds issued) of the Consumers' Ice Co. in consideration of 48 acres of land at South Chicago known as the Washington Ice Co. property (valued at about |550,000) and Knickerbocker bonds to the amount of $320,000. The Consumers' Ice Co. owned at 35th and Bntler streets a large plant for the manufacture of artificial ice; also property in other cities.— V. 76, p. 380, — Kslckerbocber Sngar ReBning Co.— New Refitiery. -This company's refinery at E Igewaier, near Fort Lee Ferry, N. J., which was to have a capacity of 1,500 barrels of sugar a day, is expected to be in operation in the fall. President George K. Ross, who is also President of the Ross & Sprague Co., wholesale grocers of Cleveland, Ohio, is quoted as saying "We expect to tnm out our first pan of refined sugar before the snow files. It is probable that at first we may not produce more than : 600 or 700 barrels a day. The location Is of the best and a spur BR. Is building up to the Fort Lee ferry. This wUl give us land transportation for our output, which will go largely to Western grocers. Our refinery Is to be a modest concern and In every sense of the Erie Compare V. 73, p. 845. Log Angeles (Cal.) Lighting Co.— See Pasadena Consolidated Gas Co. below.— V. 76, p. 932. Massachasetts G&s Companies.— ^arningrg.— The "Boston Independent." News Bureau" says: earning at the rate of 3 per cent per annum upon Its common stock aul the gas field of Boston is still undeveloped. Gas furnaces are taklni; the place of coal furnaces, under guaranty that the cost of gas for ht^atlng will be no more than the cost of coal. If the receiver of the Bay States Oas Oo. of Delaware should attain the absurd position of securing $11,000,000 to $l.i,O00,000 of assets to redeem the Boston gas properties, the Massaohasetts Gas Companies would have $50 per share cash in Us treasary to represent its common stock, and properties remaining that are now able to earn and pay 4 per cent on the entire outstanding preferred stock. The management does not contemplate paying dividends on the common stock for some time, and therefore the suit under which It has been azreed between counsel that the four Addlcks companies will declare no dividend pending the litigation, Is nothing more than a trilling bill of expense for the lawyers. In the meantime those companies win pay off their debts, a legacy of the Addioks management, and place the properties in an Improved physical condition. Massachnsetts Oas is The statement that the earnings show a substantial surplus over the dividends on the preferred stock is, we understand, well based.— V. 77, p. 199. National Aatomatic Weighing Co.— New Company.— This company, with'.of&ce at Mount Kisco, Westchester County, N. Y., has been incorporated under the laws of this State to carry on the business of the American Automatic Weighing Machine Co. of London, Eaerland (V. 69, p. 1104; V. 68, p. 471), and the National Automatic Weighing Machine Co. of New York. Authorized capital stock $1,350,000. Directors: Robert 8. Huz, Lyda H. Gardner. Adelbert W. Bailey, John Brandt and Charles R, Hutton of New York. The English company is capitalized at £i70,000 (half preferred 8 p. c. cumulative), its shares being listed on the London Stock Exchange. The plant is here, and the new organization will have the effect of transferring the dealings in the shares to this side of the Atlantic. We also own the water system of the town of Redding, and are now installing a gas plant in the same place. We alao own the gas plant of the town of Red Bluff, as well as the Belle Vae Irrigation Oo. for pnmpluK and the distribution of water for Irrigating purposes near lines, etc. Anderson, Cal. Our lines run through Shasta, Tehama and Glenn counties, covering 181 miles of pole line, embracing the towns of Redding, Keswick, Palo Cedro, Do La Mar, Shasta, Cottonwood, Anderson, Red Bluff, Tehama, Vina. Corntns:. Orland and Willows. We also supply sundry mines, notably the Mountain Copper Co. (Limited), Bully Hill ODpper Mining & Smelting Co.. Mount Shasta Gold Mines (Corporation), Detroit & California Mining Co., Balaklala. Consolidated Copper Co., and others, with whom we have contracts covering long periods. President Noble estimates that within a year the monthly net earnings will amount to at least $17,763.— V. 76, p. 814. Omaha Electric Light & Power Co.— Incorporated.- This company has been organized under the laws of Maine with $3,500,000 of authorized capital stock, in shares of $100 eacl^. Ernest L. Carr of Melrose, Mass., is President and Charles H. Tolman of Portland, Me., Treasurer. The directors are : Ernest L. Carr, H. Whitney, Henry F. Knight, Ardon W. Coombs, Charles H, Tolman. Mr. Carr is President of the United Electric Securities Co., Ames Building, Boston, The sale of the Citizens' Gas «& Electric Co. of Council Bluffs (V. 78, p. 139) to Boston parties was reported last March, and Wm. an option was acquired on the New Omaha Thompson-Houston Electric Light Co. (V. 75, p. 1403). A press despatch says: "The Omaha Electric Light & Power Co. will take over the property of the New Omaha Thomson-Houston Electric Light Co. August 1, together with the two lighting Floating indebtedness of companies of Council Bluffs. $400,000 and bonded indebtedness of $298,000 will be taken up and new bonds to the extent of $1,500,000 issued." See New Omaha Thomson-Houston Company. Paeolet (S. C.) Manafactaring Co.—Neio Stock.—The shareholders recently voted to increase the capital stock from $1,000,000 to $3,000,000, the new stock to be preferred in shares of $100 each. Mill No. 3 is in course of reconstruction with 30,003 spindles and 150 looms. The mills were destroyed in June by a flood. Pasadena (Cal.) Consolidated Gas Co.— Morfflraflfe.—This company, control of which was recently acquired by the Lob Angeles Lighting Co., has filed a certificate increasing the bonded debt from $210,000 to $250,000. Compare V. 76, p. 1252. — Co. 3for<gragre.— This company, which building a huge power plant at Elootion, in Pierce County, Wash., has made a mortgage to the Old Colony Trust Co. of Boston, as trustee, to seoure $4,000,000 of 5 p. o. 30-year bonds. The company was formerly tbe Pierce County Improvement Co. Compare V. 76, p, 1358. To Guarantee Bonds.— 8ee Seattle Electric Co. under "Railroads" above. -V. 76, p. 1358. San Francisco Gas & Electric Co.~New Bonds.— The new bonds to be issued in connection with the company's recent acquisitions are to be 43^ p. c, $1,000 gold bonds, and are to be secured by a general consolidated mortgage to the Union Trust Co. of San Francisco as trustee. They will have a sinking fund of $100,000 per annum, beginning in 1906, for which they will be subject to call at 105 on thirty days' notice, to the extent of $100,000 yearly. The amount of bonds authorized under the mortgage is $10,000,000, but $3,000,000 will be issuable only upon the retirement of the existing The remaining $8,000,000 will be issued shortly. bonds. Their interest will be payable semi-annually at the office of the trustee. See V. 77, p. 93. Solvay (N. Y.) Process Co.— Additions.-The company has recently placed orders for additional boiler and economizer equipments for the Detroit plant. The "Engineering Record" says: The Solvay Company operates at Detroit and Syraonse. N. Y., two FogetSonnd Power is of the largest chemical establiehments lu the United States. The Detroit plant is located at Delray, near the enormous salt deposits occurring In the marshland at this point Steam power Is furnished from a central boiler plant, which at present aggregates 7,200 h.-p. The plant Is laid out in batteries of six boilers each. The additional equipment will consist of a new battery comprising six 300-h.-p. Wilcox water-tube boilers fitted with Roney stokers. A Babcook conspicuous feature of this plant Is a massive brick stack Id feet In diameter and 260 feet in height.— V. 72, p. 46. A National Flre-Prooflng Co.— Increaae o/'iSfocfc.— This company has filed a certificate of increase of capital stock from |12,5GO,000 to $15,500,000, $10,000,000 of the latter being 7 p. Compare V. 76, p. 651.— V. 76, p. 1196. c. preferred. New Omaha Thomson-Houston Electric Light Co.— ^ond« Called, All of the outstanding first mortgage bonds secured by deed of trust dated Dec. 1, 1889, and aggregating $298,000, will be paid at 105 and accrued interest at the American Loan & Trust Co., Boston, Mass., on and after Aug. IS, 1903. 6o/e.— See Omaha Electric Light & Power Co. below.— V. — 76, p. 1403. New York Steel & Wire Co.—See —V. 76, p. 438. jXXVII. Astoria Steel Co. above. Northern California Power Co.- Bonds Offerei.—This company is offering for sale |2!JO,000 of its 30-year 5 p. c. first mortgage bonds, the proceeds to be used to complete the new Cow Creek plant. The authorized issue is $1,000,000 of which $187,000 are retained to cover tKjnds of the Keswick Electric Power Co., $433,000 have been issued and $400,000 are in the treasury. Tne authorized stock is $3,000,003 in shares of $30 each, all issued. Sales of the latter were reported recently at about $9 50, President H. H, Noble says: Oar property ocnsl^ts of th? present plant at Volta, Shasta Co., with its lastalla':ion of 3,000 borsd power, power house and machinery; 6.768 acres of land, Inoludlngvaluable waterrlghts on Mill and Battle Creeks, on Cow Creek and on Pitt Biver, subatatioas and sites, pole Spokane (Wash.) Gas Co.— incorporafei.—This company has been incorporated with $750,000 authorized capital stock, the incorporators including Isaac Anderson and G. L. Mnnn. Compare V. 76, p. 1359, 814. Standard Steel Car Co.— New Securities.— The shareholders, it is said, have voted to increase the stock from $3,000,000 to $5,000,000 and to issue $2,000,000 bonds, to meet the expense of increasing the capacity of the plant at Butler, Pa., to 80 or 100 steel cars daily; also to provide additional working capital, etc.— V. 77, p. 206. Union Bag & Paper Co.— Sfatos. —President L. G. Fischer makes the following statement: We are making more money than ever before in the history of the company. Our sales for May and June, 1903, Increased 15 per cent over thoae for the corresponding period of 1902. In aldltlon, by reduction in Halaries, curtailment of various expenses and economy of production, we have added a great deal to our profit account. In addition we advanced our price 10 p. c. on Feb. 1, 1903. Besides all this we are now making salphite at our new mill at Sandy Hill. Formerly we bought our raw material; now we manufacture It ourselves and save any possible profit. This sulphite mill is said to be one of the finest lu this country. It cast $800,000 and has all been paid for. Tlie company is now all through building and improving Its plants and is stronger financially than ever. We own a tract of timber land over 400 miles square. We make our own wood pulp, our mineral pulp, our paper, and lastly our bags; from start to flalsh we maun- August THE CHKONICLE. 1, 1903.] f»oture everythln?. Oar prod aot l8 disposed of through seven agents Boattered throa<Uoui the Uolted States. This arrangemoat obviates the necessity of many book aooonnts. ^^ ,^ , ,«„ . i. We have altogether some 1,800 stoolcholdera, 1,100 of whom own both preferred and common stooft, 700 owning common Btook. The average holding of each peferred shareholler Is 100 shares The This strike strike at our Ballston mills will soon be terminated. caused the shut-down of three paper mills, one sulphite mill and one bas factory. These are all small plants and hence this shutdown will have no efleot on our earning capacity. A press dispatch oa Jaly 30 annonaced that the strikers have resolved to go back to work and that all of the mills will be in fall operation by Monday.— V. 76, p. 864. Union Match Co.— Dividend,— It is reported that the company has reduced its dividend rate to 5 p. c. per annum and will pay a dividend of Hi p. c. Aug. 1. The Chicago plant has been closed, all the company's operations being now carried on at the new plant in Duluth. See V. 76, p. 709. United Box Board & Paper Co.— Second Suit.—John A. Shutts, owner of the smallest of the plants which were acquired by the United Box Board & Paper Co., and the holder of about 190 shares of that company's stock, brought suit at Trenton, N. J., on July 29, against the company, its directors and others, for the alleged conversion of |i3,450,000 claimed to have been fraudulently withdrawn from the enterprise, and to enjoin the issue of bonds of 1903 in exchange for the notes of the directors. The suit is regarded by the management merely as a rider to the suit of the Oswego Fails Palp & Paper Co. (V.77, p. 40), and as brought in order to have substantially the same questions in litigation in two States at the same time. The company's defense will be that all the steps taken were perfectfully proper, and were made with the fnll knowledge and acquaintance of Mr. Shatts as well as of every other stockholder.— V. 77, p. 208, 98, 255 ^ommtxcml ^imjes* COMMERCIAL EPITOME ^IxA^ Friday Night, July 31, 1908. In a few lines of trade, improvement in the condition of bnsiness has been experienced, as some of the larger buyers have started in contracting against their prospective reThe distarbquirements for the coming fall season. is argued, may unit anoes in financial circles, favorably influence the industrial situation to a limited extent, but not sufficiently to seriously handicap the general prosperous condition of the country. The reports relative to the prospects for the growing wheat crop are not wholly satisfactory. The corn crop, however, has been much benefited by good rains, and the outlook for the growing cotton crop has continued favorable. A hesitating market has continued to be experienced for iron and steel and prices have continued to sag. Lard on the spot was weaker during the first half of the week, prices showing a further loss under limited offerings and a light demand. Following, however, a sharp upturn to prices in futures on Wednesday, the market turned firmer and recovered the decline. The close was lower at 7'80c for prime Western and 6-50@7c. for prime City. Refined lard has been quiet; prices have followed the fluctuations in the United Electric, ttas & Power Co.— Change in Control,— market for the raw product, closing at 7 '95c. for refined for The control of this company was recently acquired by the the Continent. Speculation in lard for future delivery has Edison Electric Co. of Los Angeles. (See V. 75, p. 1089).— been moderately active. Early in the week under limited V. 74, p. 831. United Electric Light Co. of Sprlngfleld, Mass.—iVis;^ selling and absence of support, prices declined. Buying by Stock.— The company has tiled a certificate of increase of Armour & Co. and shorts turned the market firmer. The capital stock from |600,000 to $800,000. Compare V. 76, p. 269. close was lower. DAILT OLOUMO PBIOBS OF LA.BD fUTUBBS IN CHIOAOO. United Gas Improvement Co.— Besults in Philadelphia.— afon. Tuet. Wei. IKurt, Bat. Fri. See Equitable Illuminating Gas Light Co. of Philadelphia Jolydel'T 7-87i« 7-42ia 7-5213 7-3212 7-e2«« .... 7-97i« 807i« above.— V. 77, p. 150. 7-55 7-62>« September del'V.. 7-75 7-82»fl 7-82ia 7-65 7-42ifl 755 7-d2»« 7-57»s United States Finishing Co.—Purchaae.-The company October del'y has, it is stated, arranged to purchase the plant and good Pork has had a slightly better jobbing sale on the loca will of the Silver Spring Bleaching & D/eing Co. for $1,100,- market at steady prices, closing at |16@16 50 for mess, |15 75 000, assuming the latter's |500,000 bonds.— V. 72, p. 1285. @17 75 for short clear and $17 50@18 for family. Cut meats United Shoe Machinerf Co.— Neta P/anf.— Contracts have have been quiet but steady, closing at 7c. for pickled shoulbeen let for the new plant at Beverly, Mass., comprising ders, \2}4@\.2%(i. for pickled hams and 9@10i^c. for pickled some eight or nine buildings, two of which are to be 500x00 bellies, 14@10 lbs. average. Beef has been dull at |8@8 60 for mess, $8 50@9 50 for packet, $10@10 50 for family and ft, and four stories high and one 300x60 ft. and four stories. The total cost will be from |750,000 to $1,000,000. The plant |18@14 for extra India mess in tcs. Tallow has advanced, closing at 4^c. Stearines have been dull, closing at 9c. for will be completed by the fall of 1904.— V. 76, p. 1359. lari stearine and 7J^e. for oleo stearine, Cottonseed oil has United States Shipbailding Co.— Deposits.— William Nel- been firm but quiet at 43@43J^c. for prime yellow. Butter son Cromwell, as counsel for the Reorganization Committee, has been in full supply and easier, closing at 15@l93^c. for announced on Tuesday that two-thirds of the outstanding creamery. Cheese has been in fair demand and steady at first mortgage bonds had been deposited with the committee h%@\0%Q.. for State factory, fall cream. Fresh eggs have and over $1,000,000 additional bonds placed ander its con- been in fair demand and firmer for choice grades, closing at trol, thas insuring, it is claimed, the saocess of the commit19c. for best Western. tee's plan. Mr. Cromwell also said: Brazil grades of coffee have been dull and easy. The crop For the purpose of carrying out the plan, foreclosure snlts have been Instituted in the various dlstrlota, and they will be pushed to decree of sale a"; the earliest practicable date. The policy of the committee is to maintain the unity of the Bethlehem Steel and Shipbuilding interests unbroken, for the benefit of all concerned, either as bondholders, stockholders or creditors. The time for deposit with the committee expired yesterday, and no further deposit will be soUoited by the oominittee. Samuel Untermyer, counsel for the Bondholders' Protective Committee and for the receiver, contends that the deposited bonds include a considerable amount not Issued for value, and therefore of doubtful validity. Referring to current rumors, Mr. Cromwell, as counsel for the reorganization committee, says: "It is not true that the committee has offered par or any other sum for any bonds of any party whatsoever. The committee, already holding and controlling over 70 p. c. of the first mortgage bonds, has no need or desire to acquire any others."- V. 77, p. 206, 150. movement has been smaller but Brazil has offered coffee more freely and this had a weakening influence. The trade demand has continued flat. The close was quiet at 5i^c. for Rio No. 7 and 5^@6c. for Santos No. 4. West India growths have been in fairly active demand and steady, closing at 73^c. for good Cucuta, Speculation in the market for contracts has been more active and prices have weakened slightly under liquidation and sales against purchases of coffee from Brazil on a lower basis. The close was steadier. Following are the clo^ng asked prices: AngtiBt Sept ^.. Oct 3'70o. 3-80e. 3-850. Nov..«..«.^.^ 3'95«. I 1 Feb..„....„... 4-40e. Deo Jan March ..^.......^ 4-20o. 4-300. May 4-45o. 4-5So. Raw sugars have been unsettled, closing in fair demand and firm at 8 11 16c. for centrifugals, 96-deg. test.and 3 8-16c. for muscovado, 89 deg. test. Refined sugar has been in fair demand and firm at 5@5'15c. for granulated. Spices have West Virginia Plate Glas?.— Boncfs.— This company, which been firm but quiet. Teas have been steady. A fair volume of business has been transacted in Kenwas organized in September, 1902, with $1,000,0[)0 authorized capital stock, was some tima since reported to be arranging tucky tobacco at firm prices. Exporters have been reported to issue $500,000 bonds to provide for extensive improvements and additions. All attempts to get official confirmation of this statement, and also of the statement that the company may remove plant from Morgantown, W. Va., to WheelF. S. Brockett, Iron Exchange Building, Pittsburgh, Pa,, is interested. ing, its have been unavailing. —A supplementary bulletin issued by Fisk & Robinson in connection with the August issue of their monthly bulletin gives a list of legal investments for savings banks whioh will yield three and seven-eis;hth8 per cent or more upon the investment a list of bonds which will net four and a quarter to five and a-quarter per cant, and a list of stocks yielding over four and a-half up^n the investment. The tables show the pressnt prlca and the highest price since July 1, 1903, are in receipt of a pamphlet on the pronerties and prospects of the Metropolitan West Side Elevated Railway of Chicago from the brokerage firm of W. L, Beckwith & Co. in that city. ; —We steady buyers at the Western market. An improved demand has been reported for seed-leaf tobacco and sales include 1,200 eases 1903 Connecticut broad leaf at firm prices. Foreign grades of tobacco have continued in fair demand and firm. Straits tin has advanced rather sharply on speculative buying, but reacted at the close, and final prices were weak at 28 50@29-00c. Ingot copper has continued in light demand, and prices have weakened to 13@13i^c. for Lake. Lead has been firm but quiet at 4-30c. Spelter has held steady at 5-87)^c. Pig iron has been quiet and easier, closing at No. 1 Northern. Refined petroleum has been firm, closing at 8'55c. in bbls., 10'50c. In cases and 5 65c. in bulk. Naphtha has been unchanged at 12 '400. Credit balances have been steady, closing at |1 56. Spirits turpentine has been in fair demand and firm, closing at 523^@53c. Rosins have been quiet and |17 50@18 for 95@2 00 for common and gooa strained. Hops have been in better demand and firmer. Wool has been in more active demand and at full values. easier, closing at $1 — . — . . THE OHKONICLE 256 COTTON. Fkidat Night, July 31, 1908. The Mo-vtiment of the Crop as indicated by our telegrams from tiie South to-nlghr. is given below. For the week ending this evening itie total reoelpti have reached 1,648 baie^ against 3 S60 bales last week and 6,004 bales the previous week, m'iking the total receipts since the Ist of Sept., 1903, 7,037,047 bales, against 7,437,079 bales for the same period oi 1901-2, — . showing %n morease alnoe Sep,l.l908. In addition to above exportr, our telegrams to-night also give as the following amounts of cotton on shipboard, not cleared at the ports named, add similar figures for New York, which are prepared for our special use by Massrs, We Lambert A Barrows. Produce Exchange Building, ON SHIPBOAJtD, HOT OLBABBD FOB— Loading July 81 at- eroat GerOther OocutBritain ffnee many. For'gn wi$e. of 189,968 balep. ffew Orleans. Mmtipu •<- tWM. Jf on. fat. Wul. wn. Thur$. Salveston.. roiai [Vol. LXXVII. 5,981 3,698 2,611 343 17 100 8.386 400 .. saTannah 20 ••Ivsetoa..^. Sab. Pass. Ac H«w OrleaAs. 4 113 140 oblle 10 11 377 9 835 1 Pensaeoia. *e 1 •••••* •..••. 14 Savaiiiiali..^ BT1UlBW'k,*< Okazleaton , . 1 •«••• 1 •••••• Fl. Boyal.At WUmliiKtoB.. 14 , 35 ,^mm.. 39 8 «•••• ••• Waak'tOB.Ar RVlRews.Ac H*w York.-. «>• 29 148 39 10 178 74 63 148 117 461 3 2 5 (lorfolk 1,548 178 44 30 35 9 Boatoa.. ...... Baltlmor*... ruiadel'a, *e .•~— 71 2 283 183 Tot. this wee* S 150 416 56 The following shows the week's total receipts, the total Sept. 1, 1908, and the stocks to-night, compared TMt TM$ Minetatp. 1, 1903. tSMk. SalvMton... 8ab.F.,*e. Orleans Mobile F'saoola.Ae. 155,938 14 1,297,123 130,622 39 309,698 Savannah... Bx'inek. *e. aiuurleston.. F.Boyal.Ae. «««• 10 178 orfolk irportN.,*o Botvm Baltimore . rklladai.Ae. 1 1.659 937 200 3,158 1,776 958 3,980 7,017 123 125 784 40,994 280 188 40 696 ••••«• 95 5,131 161,495 4,800 37,998 113,195 119,843 100,726 34,619 4 127,606 5,500 8,423 200 430 214.609 17,189 7,437,079 1,548 7,627,047 Totals 494 4.306 • •> 54,903 3,211 883 454,101 3,615 1803. 1,593 94,761 3,256,113 153,558 231,816 1,133,178 140,367 365,372 1,577 877,779 84,914 88,633 98,659 47.114 26,951 74 63 148 117 He-w York... 1903. 468 3,031,894 837 339,620 887 S09,015 Wilmington. Waak'B, *e. «lo«*. MinetStp. 1, 1901. WMk. 69 3.091,704 154,105 835 3,299,366 314,962 1 •w since with last year, 1901-03. 1908-08. MtmiptM to /Mly31. 735 218,864 In order that comparison may be made with other yeartr, totals at leading ports for six seasons. we give below the B»e€ipt$ at— 69 885 Oalves'n,*e. Mtfw Orleans 1901. 1903. 1903. 463 1899. 1900. 4,786 8,299 1898. 419 1,818 4,146 467 3,648 1 927 369 832 3,024 19 14 39 2,158 1,776 3,357 1,296 4,113 373 S38 1 45 14 9 1,669 958 482 3,037 271 2.562 3,766 387 583 241 411oUen... 10 178 403 3,793 3,450 1,309 ffol.tklswk. 1,548 17,189 23,021 16,693 7,031 10,534 Mobile avannah... Okaaton, *<j Wllm'ton,*c nortolk n. RewB, *e. UHoe 8,815 199 366 76 for the week ending tliis evening reach a total of 3,060 bales, of which 500 were to Great Britain, to Prance and 1,560 to the rest of the Continent. Below are the exports for the week and since Sept. 1, 1902. frsia mrtmt BrU'n. fr«M« OalTeaton Bab. mrtmt 0eiu«- tttml MMt. Wuk. BriUin. 6S 63 Orleans.. 1, 1902. to 597 507 Mobile Panaacola BaTannnh..... Bnmawlok.... Genu- Fr mm«t 685,498 888,997 185,041 60.064 • - •••• 16,960 "850 York.... ither ports "ioo Total 1908.. 6,031 3.698 Total 1902.. Total 1901.. 4,825 13,269 580 -fern 8,843 187.624 18,7a7 18,485 14.084 11.444 869 868,117 17,369 760 311,366 148,336 71,536 4e,i»7 6,000 Boaton Baltimore .... PhiladelphU.. 860 100 4B0 4S0 8eBrrac*«_ Total Total 1801.08. 7,685 86,878 8.030 86.190 600 1.8M i,seo S,2&» 2,060 8,887,701 ~.7oa 16,829 128.858 J781.802 1 125 494 95 9,236 460 32,536 108.073 2.982 3,493 16,990 8,006 9,135 4.0S7 7.668 20 450 50,945 192.814 287.240 Alon Tuea Wed Til. Frl. OooA Ordinary. .H.~..~...^.,„.~ 13 60 1250 12-25 1235 1245 ia'12 1312 12-87 12-87 13 07 [i0w Middling iddllng 1350 1350 13-25 13 2S 13 l!^ 13-94 la94 \a 69 18-69 id 89 aoodMfddllng 14-46 1446 14-21 1421 1441 (UddUngFalr 11-76 12-87 12-75 ia-i» Sat. Sat. Men Taee 13-71 T¥ed Tb. Frl. 12-75 12 75 1300 12 80 1270 1200 13-37 1337 13 12 13 12 13-32 12-63 13-50 13^0 13-70 1300 .^^ HlddUng J3-76 137.^ GkHHl Middling.. ...M .......... 14-19 1419 1^94 1394 1«-14 la-44 1471 14'71 14-46 14-46 114-68 13-96 Mlddllnfr Fair Bood Ordinary.. ........~. .^ Low Middling BTAINSD. Sat. Low Middling Middling Itriet Low . .^ Middling Tinged... 9ood Middling Tlntred nou Tuea 1200 12 00 1175 1300 1300 12-76 13 16 1316 1291 13-50 1360 13-25 yXeA Th. Frl. 11-75 11-95 11-30 12-76 12 95 1230 12-91 1311 12 46 13-25 13-45 1275 The quotations for middling upland at New York on July 31 for each of the past 88 years have been as follows. o.llH 1879 1895 0. 1903....e.l3 75 He 1887....0.10 11^ 1878 81&18 1894.... .. 6IB16 1886 1902 8»ie 10i« 12 1877 1885....... 1898.... .. 8 1901.... 1884 lUie 1876...... IIH 1893 :io'^« - 7i« 1900. 10 1875 1888 14«B 1891 . 8 1899. 12iaie 1874...... 17 1883 12 k 1890 1898. 61,8 . '2038 1878 -llBlB 1881......12 8 1889 . 1897. 81ie 1873 1880 Il»i6 1888 ..Wa L896. 77l6 grades ol cotton as quoted were changed. Note.— On Oct. 1, 1874, According to the rew classlfloatlon Middling was on that day quoted 380. lower than Middling ot the old olasslfloatlon. MARKET AND SALES. Spot maxkbt OUMBD. 18,198 3,008.666 748,886 8,761,464 6,613,010 160,645 5,633 3,111 OFLA»DB. 113.679 8.036,043 0,645,510 300 middling uplands. On the basis of the rates on and off middling as established by the Revision Committee, the prices for a few of the arrades would be as foUows: 104,088 488.862 140,930 113,414 48,333 164,048 "850 "ioo Speculation in cotton for future delivery has been moderately active, but it has been coafined largely to operations by regular traders, comparatively little outside active interest being shown. The bull clique has continued in control of the market for the near-by deliveries and has forced prices for July delivery in the New Orleans and local markets to new high-record figures. Prices for the new- crop deliveries showed very Utile change until Wednesday, when there developed fair buying, principally for the account of shorts to cover contracts, and prices advanced sharply. Good rains, wiiich a week ago were reported wanted in Texas, fell, but bull interests argued that these rains were detrimental, inasmuch as they will tend to delay the growth of an already backward crop. Private advices, however, from reliable sources were not in keeping with this view, they reporting that the rainfall was of material benefit. The weekly report of the Weather Bureau announced an improvement in the condition; still it was claimed that the report did not come up to expectations; and on manipulation by bull interests prices were advanced slightly. The demand for actual cotton at ruling prices has continued slow, neither English nor American spinners being disposed to buy. According to private advices reoeived from the Continent, spinners in many instances are supplied with cotton, having sufficient stock to carry them to January 1st and in some instances to March 1st. To-day the market opened at a slight advance. Subsequently, however, it was stated the bull clique ieeued notice for the delivery of about 2,000 bales of cotton on August contracts for the purpose of "shaking out" outside "trailers." As a consequence, piices for August declined rather sharply, and the market for other deliveries weakened in sympathy. The close was barely steady at 2$ points lower for Aug., 1 point higher for March and 3@6 points lower for other months. Cotton on the spot held steady during the week, but closed lower at 12*7IJc. for 381.D68 41,846 183.708 600 100 Xsui 990,9«1 WUmlnKton... eo 1B08 753,456 6.860 88,988 Norfolk ITport N., &«_ York 31, 681,463 1.635,058 76,731 118.839 781.092 8,087,220 66,476 104,018 63,261 144,738 87,108 056,306 848,742 49.143 69.030 12,488 106.710 Charleston.... Port Boral.... July Bxport«d t«— PaM. Ac. New from 8$vU JKrported to— JMMrta tttrw Jharleston... OULF. 6 4.464 The exports i»oa 20,025 1.176 3.880 417 100 HobUe Sept. 1 7627,047 7437,079 7.M3,736 6532,501 8393,187 8615,459 WtA Sndino July 31 20,969 fforfolk 52 44 110 6» 15 Mtoek, Total. tatnrday Qnlet FUTOBM Mabkbt OLO8BD. Bteady Bteady iCenday.... Qalet rneeday... QxUet, 25 pta. do. Very steady. (fedneeday Wnlet. ........... Bteady rbnxsday.. Qnlet, 20 pts. ad. Bteady Qa:ei,70pts.do. B'rly steady. rrlday TotaL Balbb or Spot a Oohtbaoi Ex- Oon- 0»I4- port. ntmp. traet. Total. .... .... •• 11,700 11,700 437 427 .... ...a • ».. 36 810 .... 763 35.300 26.968 - 36 8,4061 3,710 iO 100 10,100 « « 1 A0QT3ST 1, FxjTiTRES. . : ^ — . THE CHRONICLE 1908.J —Highest, lowest and closing prices at New York m t^ . H '^ Sa si 2 » O ^ 257 — At the Interior Towns the movement that Is the receipts week and since September 1, the shipments for tne week and the stocks to-night, and the same items for th« for the ^ — corresponding period of 1901-02 • - :l ?•; I! '*; w?; ?»; ] • - > { ! i ; ! ! li ; i ! •;'?': i } s^^ '?'; T?": §^1 '^i li i> ! > ": ! i t ! i ! ! ; i CD CO I r i I t I Ob OB 00 ' 00 d I « I d I I « i Id « Id I I 1 1 i I -i-j COOi -j-j o>o« coo coo too F-^- eacu con 1 I I 9 I « I I I I ' I ' « I a KltO ODCD C0»3 cuo> OO to to eoee to 10 I I 9 I i II I coco coco coco coco oo aoo (CO <XI<S 0100 O<40 «eo «ja «0« oo >0IO « « I CD CO ' a^ •-^ CO'-O da aa acto too 9 I O coco I 9 I I 9 I « coo o *® aa tea coco Qb>4 M03 19 ^a CD -J 9 I I OtO coco ecco K>k3 coo coco -ja coa (T1«J COCO ccob tBOi I OO 9 I I 9 tOM COCO OCO I ' o O -J '-I 9 9 tito coco aa oi^ CD CO CO aoo OCO a«4 MtO coo CO to coa CO CO CD CO CO CO ^D OCO o coco c6(c oo to •q^ to to aa oo II II I I COCO Qooo t^oi CO ou COCO II coco QO^vf •0«J MOO ! 9 II i 9 19 II II M 1 ' coo 19 I O CO CO CO CO aba abob o^ a ^ ooa oa MO 9 19 CO CO CO CO CO CO Qoa mc^ ooa msx aa tow coco ^J«4 coco "J^J coco "J-^ ood I I I I a^ •-1C0 coco coco ^'t-' oo •icD ^o oo "^a OCO 19 9 19 19 CD '£ CO CO <iQb -job -Job coco coco loco oo *^a MM I*? a I*? ' ^9* coo coo 19 t^t-l 19 QDi-> I*? 19 M a— I aK) I* a o 'a ^ I I' I d co« •M coa 9 : : ; oaio; : mo- • o «4tai m: : • : oio- m: o< ^*. M^ o a co o -j"— o *> co oo V w^ o« m b" ooIo'm oo ^^aMO^|('CI•coaootoccau•>KlCo^^a^aco>0[^al>>ato^oalM Q0« > o* a(Dac^~jaM-4Mifi>MOaac£> — O3awa*--i(^u<aoaou>c>]'^^tooo OO oo I 9 si : M. •jaco ; • 5 < OS ;cj"»;;0:m: o oMa; om; wts; ars- mk) M'-io a w^^(40M mi*^; ato com^oomomi ac»Mot ; »]«4- • coco oo cno lo <i ^m MAAWoicoacx: ea it^co*^; a aoo- aM< OM-JMCOWCdA* MOaMM«4- ; OOi I a; »oioo; a; i^om; • C0< • coco I mm; mm«jm»o | ; ..MO; . «_. - MCO O; en; ta; MM^cioMco^w; a M. •acxOoocdtaao. aMCn. OS oo , • aco « OMCD-Oh c/>a3MM i.2 ^ H o • : ; • . . I • a; ! ckmm; wco; m ; Mi»0. [^m< Coa' >4 M to a H tg MM M M oaacTicoi^MCOcooiaa — w i«k^ w M ^ M *k » CO ooj^ to CO <> <i pD M^:>< w^ M a> ® M ©_o » » o a "a w o'cn co oi oo o< M V) 00 *» lo ooV CO M oa o< <i o"o b> CO Ob bo ascococK>^'>4MMMfocoo>o*4i»-^caM 9 i«k W oo'cj- I^OMWMQOMI^OtOtOl^CSaMaDMO'aOCI-aOM-JMC.nCOCCQDO MtoMaMi(^MOM«4aviit^Ou>taM»iMO<Mc;<M^i^OtoMac»co M« to 10 6co I ^ a KOO COM M >4»a- a; «;< CO o- oiM' coai : 00- l;t1c 00 ",p. cd"-j oo'a'tc cotx tO(p lOi^ I : M MCO 00 M to O K M MiodMwcOMM.-'tacdciieoa-j'JcoM i^ojcucccoataaujoJtOM ~) a_x i(^j^ o o i^j^ M M_w wj^ to o a^ -^cotkaMr^MOiCaaco-j to CD CO eo»OH-M I atv 19 I to: CO. OQtO CO CO 00^ . 9 <30 CO 19 I CCM MOD a lO CD ^D ; exo ' »0>4 2: coco OO aa !-*• 9 I rf\ 9 tota ' CO CD 9 « 00 >a 1 "J -4 coco I a* cooo aoo o«J o^ 9 9 9 9 MM coco 19 111 MCO 00 CK I I 9 H oo OO I I I t coop toco COCO I < ."^S h30Bo CdCO C0«^ MC^ a I - H COO oia I « oo QD CO I o^ coco a a CO 19 CO to lou coco Ota I I a cou OO OW anil (CO I I oo Qbab MO >-•>-* »3 I I 9 9 •o-j aa a COM oc I I -00 QO CO I I COQD ^ff^ CO I ^^ »* CD CD ei I Qs CO CDO I 9 CO CO O" I coco ' « toe coco 6>6) ocas I I ^Ob CO^ oo o i I I I I I I I I C:Ci ' CO CO CD I CO CO ? ! set out in detail below. •^8 Si i i ! h--- is 2'WD tO2ig;QQ60Q2iMl<25gS«iQac;;'WK I 00 I ' M; a m; 06 mo; o •laa *? en M M ; i»; M ; «50 m; _»»; Omo «: aMcxa^M! m; >4MaoS M M m oa oifoa M ^wi^cjimco09mm«4i»««^; • • ^. aooMao- aM«M- c^atoooaoaaMf^tno o 9 9 19 19 9 9 9 9 19 19 19 9 M t* « M ^^t' W M«a CO 00; M M l2 CO I*? 00 » 9 CO »? l" fS"^ S" i^ CD 00 a O a Ip-oomobm' aa<iM^cOM'ta Mco"^atoa«MaMa«j m'o.; a to CO CC CO o M«3S •jcois«>wo: aaavicnawMc;iMe»oc£«>>4aoa«)a MM COM* MM-JOi^^' oacottoa^jaoaOMvoaMaaotcH Thb Visible supply op (Jotton to-night, as made up by oable and telegraph, Is ai follows. Foreign •tocka, as well The above totals show that the interior stocks have JeM the afloat, are this week's returns, and oonseqnentiy all creased during the week 3,286 bales, and are to-night 50,396 foreign Qgnrea are brought down to Thursday evening, bales less than same period last year. The receipts at all the Bat to make the total the complete figorea for to-nighi towns have been 3,220 bales less than same week last year. (July 8 1), we add the item of exports from the United States, Overland Movement for the Week and Since Sept. 1. inoludlng in it the exports of Friday only. We give below a statement showing cne overland movement 1903. 1902. 1901. 1900. for the week and since Sept. 1, as made ap from telegraphic Sioek at UTerpool,>...,.b»lei. 890.000 571.000 549,000 SOi.OOO The resnlts for the week ending reports Friday night. stock »t London. ..^....^^^ 18 000 17.000 9.000 10 000 July 81 and since Sept. 1 in the last two years are as follows. Xotkl Great Britain ttoo^.' I M I CO I ' ' I t-' I I t-' ; ' I 408,000 loek at Hamburg ^ „„ 28.000 took at Bremen ..... ..^ ...... 141,000 toekatAmiterdam..^ ...... took at Botterdam ^ •took at Antwerp 4000 I 1 I ' I I IS^ 5ii8,000 &&8000 314 000 22,000 97,000 19 000 98,000 116 000 200 4,000 116.000 3 ODD 42,000 11,000 6 000 801,000 23.000 m ....' Total American atut Indian, BroMil, 4e.— Llrerpool stock...... ..... ..,..„.. London stock..... Oontlnenui stocks ..^..^ India afloat for Europe . ....^ grot, Braill, Ac, afloat 302,000 476.000 427,000 259.000 252.000 227,000 34.000 76.000 138,000 214,609 213,264 337,785 19,300 69,696 166,595 63 5,232 1,414 828,972 1,092,192 1,297,794 88 000 18 000 83.000 118 000 15,000 Stock in Alexandria, Egypt... 19000 Stock Is Bombay, India.. ...^ 519,000 Total Bast India, Ac.......' 860,000 Total American............ 828,972 Total Tlslble sopply... l,68-<,872 Iddllng Upland, uverpool.. 6-60d MlddUng Upland. Now York.. 12'75c Bgypt Oood Brown, Liverpool 99, «d. Ferar. Bough Good, Liverpool 900d Broaek Fine, Liverpool......— nnneveUy Good. LlverpooL.. 512, ed. 5>8d 215 000 299.000 87,000 115.121 49,473 16,316 781,910 122,000 89.000 9,000 10 000 71.200 35 000 39O0O 41.000 22,000 13,0J0 16.000 18,000 67.000 91,000 65 000 396,000 481.000 288 OOP 669,000 833,200 522 200 1,092,192 1,297,794 781.910 1,761,192 27l30799Vl,304. 110 95,000 17.000 49,000 4\d 47i«d 815,80. 8I16O. 7^8(1 eiied 7d 7d 49, gd 4Si6d 4»i«d 488d or Oontlnental imports past week have The above ST.fld. 9*80. eiad. 7^A. s^d. 413i6<l- been 43,000 bales. ftgaree for 1903 show a decrease from last week ^**®^' * ^"^ of 78,120 bales from 1902, a decrease of ?: ,^^*^ 443,022 bales from 1901 and a gain of 384,862 bales over 1900. 1901-02. iWHM Mintt WMk. 200 3.000 112.000 4.000 3,000 Stock at Havre.... ..... ..^ ..^ 108,000 115,000 took at UarBoUlefl 8,000 8,000 took at Bareolona 22,000 29 000 38,000 took at Ctonoa...^ 21,000 16.000 29,000 viook atTneate....... ....^..^ 15,000 17 000 7,000 Total Continental atooks. T 3*2 000 298,200 334,200 Xotal Soropean 8tookB.....~ 760,000 8ti9.uOO 8se,200 648,200 India eotton afloat for Eorope 118.000 39.000 41.000 22,000 mei. eotton afloat for S'rope. 84,000 76,000 133.000 87,000 Bim>t.Braxll,Ao.,aflt.for E'pe 15 000 16.000 18,000 13 000 took in Alexandria, Bgypt... 19^000 57,000 91,000 65 000 took in Bombay. India „ 519,000 396,000 481,000 283,000 took United States ports.. 214,609 213,264 337,785 113,121 took in U- B. Interior towns.. 19,800 69,696 166,595 49,473 United States exports to-day.. 63 6,232 1,414 16,316 Total risible snpply 1.638,a72 1,761,192 2,130,994 1.304,110 Ot tke abOTO. totals ol American and otber descrlptlona are as follows A tlMTiMPI -~ liiTcrpool stock.... .bales. Continental stooks.. American afloat tor Bnrope... United States stock .. United States interior stocks. United States exports to-day. 1902-03. July 31. ffcpf. 1. ir««*. Mtpt. 1. Mpptd— Via 8t Louis Via Cairo Via Padnoah Via Rock Island Via LoulBvllle... Via Olnolnnatl Via other routes, Ac 746,667 208,346 3,016 8 2,198 29.605 "124 162,244 36.784 259,504 115 187 Total gross overland.... Deduct iKipmentM— Overland to N. Y., Boston, 3,449 1,445,298 Ac. 402 Between Interior towns.......... Inland, Ac, from Soutb.. ........ 18 Total to be deducted........... Leaving total net overland* . Inolndlug movement by . rail to 2,920 254 816.924 162,354 1,192 "'32'7 470 1.098 83,093 194,113 91,398 850,891 5,069 1,689,466 232 275 209,?67 49.965 66,850 i'824 868,383 62,231 67,836 695 825,572 2.056 498,460 2.754 1,119,726 8,013 1,141,015 Canada. The foregoing snows that the week's net overland movement year has been 3,751 bales, against 3,018 bales for the in 1903, and that for the season to date the aggregate net iverland exhibits a decrease from a year ago of 21,289 bales. (his week 1908-03. 1901-02. In tigM and Spinners Takingt. Week. Receipts at ports to July 31 Ret overland to July 31 Southern consumption to July 31. Total marketed 1. Week. Since Sept. 1. 1.548 7,627,047 17.189 7,437,079 3,013 1,141,015 2.754 1,119,726 34 000 1.918,000 87,000 1,730,000 88,30210664773) 57.202 10308094 Interior stocks In excess Came into Minee Mepi. sight during *3,28« week. f43,778* 10,297 46,905 85,016 10620995 Total in sight July 3i 159,568 10248626 North'n spinners' tak'gs to July 31 16.8 h7|2,087,4 101 28,46012,108.866 * Decrease during week. 1 Less than Sept. 1. Movement into sight in previous years. Week— 1901— Aug. 2 1900-Aug. 3 1899-Ang. 4 1898— Aug. 5 Balee, Since Sept. 1— ..10,271,961 46.914 1900-01-Aug. 2 Aug. 3 9,048.843 46,911 1899-00..11,086,584 29,958 1898-99-Aag. 4 1897-98— Aug. 6... ....10,969,680 32,884 Salet. __ .. .. THE OHKONICLE 258 Quotations fob MiDDLma Cotton at Othkb Markets. Below are olosing quotations of middling cotton at Southern and other prinoipal cotton markets for each day of the week, Week ending July 31 QftlTeeton. . New OrleAiiB MobUe OLOSnfO QnOTATIONS rOB Mm. Batnr. 12 Wtdnti. IVet. Thun. Fri. 18 12 12 13i« \1H \3^ 1214 1316 1S>« MIDDUNO OOTTOH OH— ISk I314 Nominal. Nominal. Nominal. Nominal. Non^al. Nominal. I8ie ISifl li>« Cliarleaton.. Nominal. Niomlu&l. Nominal. Nominal. SaTaxmali... I3ie 13ie I3i<» NomlnaL Nominal Wilmington. Nominal. Nominal. Nominal. Nominal. Nominal. Nominal 12i« Norfolk 121a 121s 12>a 121s 121a 13-25 13-45 13'25 13*90 Boaton 13S0 1380 13i« 13i« 13i« 13l9 Baltimore . ISifl 131s 13-60 13-60 13-70 PhUAdelptLla 13-76 1375 1300 IS 13 13 13 13 13 Aagmat« 12 11 — Olsfllnnatl .. Uttle Rook. 12>fl 1213,6 121s H"ia 121a 12i6ie 121s 12 11 12 11 12 11 12 11 lHa 1213,, HooBton I213i6 121s 18 MempMs.... t. LonlB.... lli« 11 Uifl 1216,8 121s The closing quotations to-day (Friday) at other Important Southern markets ^ere as follows, Nashville 12^ Athena...^... Oolombna, Mlas 13 Atlanta. .^.... 12^ Enfaola... Natohea 121Bis liOnlBvlUe 1319 Raleigh 13 Oharlotte 13^ Montgomery... 12 Shreveport ISSu Oolomboa. Oa. 12is New Orleans Option Market. The highest, lowest and dosing quotations for leading options in the New Orleans cotton market the past week have been as follows. , — Bafday. Mondx July 25. July i 7. JULT— Range.... Oloa [ng . . AUOtTST— Ranee.... ttetday, Wed'dav. Thur$d'v July 23. July 29 — 9- — 9- — - 13 01910 13-259 — 9— - isooa-05 13-109 — 13-609 - — 9 — 13-50»-65 13-269 26 _ 9- 13-019 - 13-609 — 13-239 — * -ai . . . . Friday, July 31. 13-560- 13 26» Olodng 13 55» - 13-20*-2i 12-999-00 13009 Sbpt'beb— 10 86S02 10 683-92 10549-76 10-689 Range Closing July 30 10 929 94 10 689 69 10 749 - - 13-309-40 13-259-40 90 10-819 -95 10-769-85 10 869 87 10-849-85 10-779-78 OCTOBEK— Range — 9-72»-80 ^•66«-76 9-659-76 973«-88 9-829-90 9-77«-85 Cloalng... 9-76«-76 9-689-69 9-769-77 9 ssa-fie 9-839-8« 9-789-79 Deo'beb— Range 9-ft2»-58 9-489-57 9-459-57 9-539-69 9-639-70 9-589-65 5t) 9-489-49 9-569-67 3 659-66 9 639-64 9-619-62 Clodng... 9-55« TOHB— Spots Options... * Quiet. Steady. Quiet. Qolet. Quiet. Steady. Quiet. Quiet. Quiet. Quiet. Quiet. Quiet. 14-50 Weather Reports by Telegraph.— Reports to us by telegraph from the South this evening indicate that rain has fallen in most localities during the week, and that in portions of Texas the rainfall has been rather heavy. Along the Atlantic, however, there has, as a rule, been little or no rain, and in districts of the Carolinas moisture is claimed to be badly needed. number of our correspondents refer to improvement in the crop. Oalveaton, Texas.— Rain has fallen on four days of the week, the rainfall being five inches and seven hundredths. The thermometer has averaged 78, the highest being 89 and the lowest 67. Abilene, Texas. There has been rain on one day of the week, but it has reached one inch and twenty-four hundredths. The thermometer has averaged 88, ranging from 66 to 100. Corpus Christi, Texas. There has been rain on four days during the week, the precipitation reaching two inches and twenty-eight hundredths. Average thermometer 78, highest 88 and lowest 68. Month's rainfall seven inches and twelve hundredths. Ct*€ro, Texas.— It has rained on five days during the week, the rainfall being three inches and thirty-eight hundredths. The thermometer has ranged from 88 to 94, averaging 81. Dallas, Texas. We have had showers on five days during the week, the rainfall being thirty-one hundredths of an inch. The thermometer has averaged 83, the highest being 98 and the lowest 68; month's rainfall, four inches and forty- nine hundredths. Henrietta, Texas. The week's rainfall has been eight hundredths of an inch, on one day. The thermometer has averaged 88 and ranged from 66 to 109. Huntsville, Texas. Rain ha«i fallen during the week to the extent of two inches and fifty-five hundredths on five days. Average thermometer 78, highest 93 and lowest 64. Month's rainfall, four inches and eighty-nine hundredths. Kerrville, Texas.— It, has rained on three days during the week, the rainfall being thirty-seven {hundredths of an inch. The thermometer has ranged from 60 to 95, averaging 78. Month's rainfall, one inch and fifty one hundredths. Lampasas, Tea;cw.— Rain has fallen during the week, to the extent of one inch and two hundredths, on two days, The thermometer has averaged 83, the highest being 100 and the lowest 66. Month's rainfall, two inches and eight hnndrenths. LongvieiB, Texas.— 'RaXn has fallen during the week, to the extent of two inches and thirty -nine hundredths, on two days. The thermometer has averaged 83, ranging from 70 to 93. Luling, Texas. The week's rainfall has been five inches and sixty- eight hundredths, on five days. Average thermometer 79, highest 92. lowest 68. Brenham, Textis.—We have had rain on five days during the week. The rainfall reached five inches and ninety-two hundredths. Thermometer ranged from 68 to 94, averaging 81. A — — — — — — [Vol. LXXVII. San Antonio, Tex.— We have had rain on six days of the week, the rainfall reaching four inches and eighty-two hundredths. The thermometer has averaged 79, the highest being 93 and the lowest 66. Paris, Texas.— We have had rain on four days of the week, the rainfall being four inches and thirty-one hundredths. The thermometer has averaged 84, ranging from 69 to 99. Month's rainfall, eight inches and nineteen hundredths. Weatherford, Texas. We have had rain on two days of the past week, the rainfall being three inches and twentythree hundredths. The thermometer has ranged from 68 to 101, averaging 85, Neu) Orleans, Louisiana.— We have had rain on four days during the week, the precipitation being one inch and sixtyseven hundredths. The thermometer has averaged 83, Shreveport, Louisiana,— We have had rain on six days during the week, the rainfall reaching one inch and twenty-five hundredths. The thermometer has averaged 80, ranging — from 70 to 90. — Columbus, Mississippi. The week's rainfall has been one inch and thirty-eight hundredths, on three days. Average thermometer 79, iiighest 98, lowest 60. have had no rain during the week. Leland, Mississippi, The thermometer has ranged from 66 to 87, averaging 75"4. J.rfcansas.— Reports from the crop Little Rook, are encouraging. have had rain on two days during the week, the rainfall reaching one inch and ninety- one hundredths. The thermometer has ranged from 70 to 89, averaging 79. Helena, Arkansas, Crop is generally doing well. It has rained on one day during the week, the rainfall reaching one inch and thirty- eight hundredths. Average thermometer 79-8, highest 91, lowest 69. Nashville, lennessee.—Ctop conditions continue good. There has been rain during the week, the rainfall reaching seventy hundredths of an inch. The thermometer has — We We — averaged 81, ranging from 69 to 94. Memphis, Tennessee.— The crop is generally clean ana continues to improve. It has rained on two days of the week, the precipitation being four hundredths of an inch. Thermometer has averaged 80-6, the highest being 91 and the lowest 68 '4, Selma, Alabama.— Cotton is growing fast and continues to show improvement. There has been rain on one day during the week, the precipitation reaching one inch and seventy-two hundredths. The thermometer has averaged 76, the highest being 97 and the lowest 54. — Mobile, Alabama. Crop condition is favorable; fair progress has been made, We have had beneficial showers on five days of the past week, the precipitation reaching twentythree hundredths of an inch. The thermometer has ranged from 72 to 90, averaging 81. Montgomery, 4to6arwa.— The crop continues to do finely. It has rained on four days of the week, the rainfall reaching Average thermometer 80, thirty-six hundredths of an inch. highest 92, lowest 67. Augusta, Georgia. the week — We have had rain to the extent of thirty-five The thermometer has averaged 82, on one day during hundredths of an inch. the highest being 97 and the lowest 69. Smyrna, Georgia.— Cotton is improving and prospects are We have had rain on two days during the -week, the The thermomrainfall being one inch and ten hundredths. eter has ranged from 66 to 93, averaging 80. Savannah, Georgia. We have had no rain the past week. Average thermometer 81, highest 94, lowest 73. Charleston, South Carolina,— Dry weather has prevailed The thermometer has averaged 83, ranging all the week from 74 to £4. Stateburg, South Carolina.—There has been no rain during the week. Moisture is now becoming needed. The thermometer has averaged 83"5, ranging from 69 to 97. good. — Greenwood, South Carolina,— Croj^a are suffering for moisture. Ttie thermometer has averaged 84, the highest being 95 and the lowest 73. Charlotte, North Carolina. There has been but a trace of rain during the week. Average thermometer 83, highest 98 and lowest 67. The following statement we have also received by telegraph, showing the height of the rivers at the points named, at 3 o'clock July 30, 1903, and July 31, 1902^ — July 30, '08. July 31. '08. FmI. Na-w Orleana...,. ....^.Above aero of gange. .Above aero of gauge. Hemphla Above aero of gauge. iraahvllle..^.... Above aero of gange. Shreveport Above aero of gauge. Vtflkabnrg Feet. 7-4 14-7 19-4 2-4 5-1 21-4 8-8 1-8 7-4 87'9 Egyphan Crop.— The report of the Alexandria General Produce Association for the month of June has been furnished to ns by Mr. Fr. Jac. Andres of Boston as follows: The month of June brought In most propitious heat. The cotton plantsbeneflted thereby; they are generally desorlbed as being well developed, and on an average as advanced as they were last year at this time. Worms appeared In many distrlots, bat so far not In great numbers. The cultivators are actively employed In destroying them and thedamage up to to-dav IslnslKnltloaut. As we foresaw in our previous resume, the Government has been able to relax the stringency of the rotations originally fixed for Jane. This olrcumstanoe has been very favorable for the fields. With some very rare exceptions, watering has been snlliclent, and in some regions »t)undant. The prospects for the water supply in July Is Kood. Everything la going on regularly in Upper-Ei?ypt and the Fayoam. There are no complaints of want of water except in a very few viilagea in the Fayoam. e ACGU6T THE rHKONTriLR. 1903. J 1, India Cotton Movement from all Ports.— The receipts frum all Indlh ports of oocton <*i tiombay aud the aQlpments from Sept. 1 for thP week ending July 80, and for the aeason 30 for three years have been as follows: to Julj Utcnpti ai- Sinci WtJt Bombky 4ftn«t Wtth »€pt. 1. Oonlintni. Britain. 11,000 Bomb»v1903-03.. 1901-02.. 1900-01.. Brtai BritaiH. total. 11,000 flr«Oi 5,000 4,000 Oaleate»— Oonl\NSNl. . total 893.000 489.000 55S.OOO 969 .000 44.000 45,000 39.000 49.001I 498.000 626.00( 1,000 1,000 6,000 3.000 4.000 4,000 5.000 1,000 5,000 6.000 1,000 9.000 3.000 8.000 23,000 15.000 18.000 33.000 18,000 2B,000 3 000 2 000 1,000 19,000 7,000 8,000 21.000 9,000 4,000 27,000 5.000 18,000 164 000 110.000 116,000 191.000 4 000 3 000 2.000 38,000 l2,0O0 9.000 37,000 15.0O0 11.000 1902-03.. 1901 -oa.. • 1900-01.. 1,000 1903-03 1901-02.. 1900-01.. All Otters— 1908-08.. 1901-02.. 1900-01.. l,OtlO total »ll— 1903 03.. 1901-O2.. 1900 01 1 76,000 S.OOO 68.000 ••>>*> 1.000 ft.OOO 1,902 OOt t\y*c 1 j|«f>(*>nOcr Mupwrtt from— ttpl. 1 . •> - 48,000 43,000 113.00( 129.000 117.000 1,124,000 1.241.001 6S9 000 679,000 20.000 73V.OOO 8?4,100 93 0r>0 Alexandria Receipts and Shipments of Cotton — Through arrangements we maae with Messrs. Uavls Benaohi & Co., of Liverpool and Alexandria, we now receive a weekly oable of the movements of ootton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for the corresponding week of the previous two years. Alexandria. Egypt, jtUy '29 1902-03. 1901-02. 1900-01. 1,000 6,742.000 6,468'6o6 6,000 5,448 000 Be<M>lpTB (OMitars)*— This -week Since 8t)pt. 1 New York Cotton Exchange.—Two deaths were annonnoed on the Cotton ExcDaoge on Monday last. The first announced was that of Mr. Arthur Kerr Fernie, of th- firm of Ft-rnie, Wilson & Co. of this city, who died on Sanday of peritonitis at RoopHvelt Hospital after a very snort illness. The deceased was 31 years of age, and had been the senior member of the firm from the time of its formation a few years ago. The other was Mr. James T. Duncan. He died at Little Rock, Arkansas, on Sunday, aged 56 years. Jute Butts, Bagging, &c.— There has been nothing doing bagging daring the week, but prices are nominally uuchanged at 5^c. tor IX lbs. and 6c. for 3 lbs., standard grades. Jate buts very dnii at IJ^Ql^c. for paper grades and a@2'^c. for bagging quality. Importations op American Cotton.— The Cymric from in jate Liverpool Drought into this port 3,947 bales of cotton this week; 350 bales came in on the Aimenian and 1656 bales on the Teutonic fmm the same port, and 559 bales arrived on La Bretagoe from Havre and 626 bales from Qenoa. — Shipping News. As shown on a previous page, the exports of cotton trjm the United States the past week have The shipments in detail, as made up reached 2,060 bales from mail and telegraphic returns, are as follows: Total bales. New Tork— To Manchester, per steamer Titian, 50 60 750 597 63 100 116 50 Sea Island — To Antwerp, per steamer Vaderland, bO. To Genoa, oer Bteamt^r Manilla, 750 Nbw Orlbans' To Genoa— July :i7— Steamer DInnamare, 597. Galveston To Hamburg-July 29 -steamer Nicomedia. 63.. 808T05 To St. John— July 24— Steamer St. Oroix. 100 PHiLADBLPHiA— To Liverpool -July 24— Str, Frlesland. 116... To Manchester-July 17-8teamer Manchester Exchange, 384 334 Sea Island fAtJ ainct <OMk. Kzporta Gk)VBRNMKNT WEEKLY COTTON REPORT Mr. JameS Berry, Obief of the Climate and Crop Division of the United States Weather Bureau, made public on Tuesday the telegraphic reports on the crops in the Southern States for the week ending July 27, summttriziog them as follows: While there has been an Improvement In ootton Its advancement is apparently less decided than la the previous week, u8peolikll> In the central and pnrtlons of the western dlstrlots. where ratu I- generally n^-eded. Good growth Is reported from nearly all riUtriota, but the fdant continues small and Is from two to four weeks Uie. Boll weevil n Texa* are doing little damage. Much of the crop has received final oaltlvatlon. Wm*. ror (*• «iMti With. tfcpt, 1 7,000 2.112.0O0 7.000 2,467.000| ... 19O0-01 1901-02 1902-03. 259 toetk. 9ept. 1. (bales) — dtpt. 1 toMAe. i€pt. 1. i To Llverpcol To Continent t 1.000 350,000 1,000 i93,000 ; 1,000 121000 3,000 509 000 2,000 31R.OO0 2,000 337,000 Total Earope. .. ~270O0 743,000 4.000 829,000 4,000 655,000 * A eaniar ta 98 poands, t Of whlob to Amerloa In 1902-08, 82,340 bale*; li; 1901-OS, 103,082 bales: In 1900-01, 54.989 bales. 2,060 TotaL Eizports to Japan since Sept. 1 have been 128,868 bales from the Pacific Coast, 6,360 bales from New York and 400 bales from Norfolk, Cotton freights at New York the past week have been I Manchester Market. — Oar report received by cable to-nij{ht from Mancihester states that the market is quiet for both yarns and shirtings. The fiemttd for both varn and cloth is poor. give the prices for to-day below and leave those for previous weeks of this and last year for We comparison. as follows. Clverpool 32j Oop. 8i« tt>t. Shirt- Ootfn SH lbs. Shirt- Oott'y ingt, common Mid. 82( Oop. ingt, common Mid to Upldt final. TViiit. Upldt to finett. aamborg J'e 26 9 Julys S'* '• «' d. 99^ •9% 99H d. B. 5 lOiflOS 5 9>«i»8 10 8ll,6»9i« 6 17 8\ OPSlS 6 " 24 9 d. 8. 9 8 d. d. d. S. d. 696 7»8 «8l8 5 4 6-64 738 081« 5 4 6-50 738 o83,sl5 4 8i«»8 6 6-44 -!>8 eSH 5 3 9 98 6 10 ©8 7»« 6-60 7Si« t»8 5 2 10 es 71a 6-60 7 <»7i3ig5 1 8. d. d. 12 12 12 12 20 20 12 12 20 17i« 17*1 17>« 171a 211a 17 >« 211s 171a 211a 16 28 80 28 15 27 55 16 28 30 28 16 27 50 e. ^....e. 16 23 c. fteval. Indirect.. e. 30 28 15 27 6S fteval, via Oanal.c. Barcerna,ind'r't.c. i^noa 0. Tuts. e. intwerp 1908. Jfott. Hanohester c. aavre, asked ...e. Srenen.... ......c. i^hent 1908. Wtdnes. Thurs. Satur. ....... ....c. «8 98 «8 5 meste 5isa 5 f»7 10»« 5''32 Jaoan (via Sues). denotations are cents per 100 lbs e. Fri. 12 12 30 17i« 17i« 211a 16 28 80 28 16 27 45'9»0 171a 16 28 20 12 12 20 171a 171a 211a 12 12 16 28 SO 38 16 27 80 28 16 27 17 "a 211a 46»50 45960 — ©7 9 4a^fl Liverpool. By cable from Liverpool we have the following «7 7»9 *\ statement of the week's cables, stocks, &c., at that port. Cotton Consumption and Overland Movement to Aug. 1. Below we present a synopsis of the crop movement tor the July 10 July 17 July 24 July 31. month of July and the eleven months ended July 31 for "819 *>9^ 5 r — three years. lalfls 190203. 1901-02. 1900-01. i of the week.. ..>... bales. Of which exporters took... Of whlohspeoalatorstook. ales American iotnal export, Gross overland for July bales. Grose overland tor li months Net overland for July Net overland tor 11 months Port receipts In July Port receipts In il months Exports In July faportsln 11 months Port stocks on July 31 Northern spinners' taMngs to Aug. 1... Boathem oonsnmptlon to Aug. 1 Overland to Canada for 1 1 months cluded in net overland) Bomt Btoctc ., 9,842 17,803 1,445,298 1,639,041 4,659 7,041 1,119,726 1,140,991 83.632 56,949 7,627,04- 7.432,8b8 65,109 119,870 6,645,546 6.507,784 214,609 2)6,138 2,087,410 2,107,114 1,918,000 1,724,000 114,186 North and South in 11 months... at North'n Ulterior markets Aug. 1 2,947 7,768 189,503 1. .. 10620982 Total crop Average freight of bales New England 1,739,033 39,02 2 1,077.354 163,364 7,508,170 239,499 6,354,636 341,331 1,975,416 1,616,000 506-19 112,102 86,523 135 5,613 5,444 9,627 180,990 249,386 l0^39889 102S6554 461,564 168,587 10701453 10425141 511-35 50303 ^moant afloat... , Of which American.... ->••• 33,000 S.OOC 39.000 492.000 894,000 22,000 12,000 60,000 15,000 00' 11,000 6,000 40.0U( 13,00« 35.00* 453 000 361 000 8.001 6.00( 89,00( 26,00( 57.000 17.000 2,000 54.UUU 6.OO0 36.000 431.000 339.000 •20 000 11.000 46 000 15,000 30 000 4,000 2,000 26,000 17,000 28.000 390.000 802.000 3,000 1,000 47,000 15.000 the cone of the Liverpool market for spots and futures laoh day of the week ending July 81 and the daily closing irioeiof spot ootton, have been v.9 follows, Bpot. Market 12:30 p, M Mid. Upl'ds. Sales Spec. &, exp. SaVday, Monday. Tuesday, Wed'day. fA«4rf<t'y Friday. Moderate demand. Fair bnsiness doiQK. Fair bnslneas doing. gatet. Steadier. Steady. 6'64 6 64 6-54 6 60 6-63 «60 8 000 3.000 8,000 7 000 1,000 7,000 8 000 6,000 l,tjOO 2,000 bOO 1,1,00 Futures. Market steady st Qnlet at Steady opened. adranoe. Cotton Mill Situation.— The number of spindles iale in Pull River mills approximates closely to 900,000. 'orwarded "otai stock— Kstimated Of which American— Bst'd. 'oial import of the week Of which American..... (in.. Came In sight during July. Amount of crop in sight Aug. Came in sight balance season 68,490 43 89,000 10,000 Market, 4 P. M. 3®5 pti. i^teadT at' 7^-»>< Pt8. adVHnoe. 1®2 2®3 at pts. Steady at Steady at Steady at li35 ptt. i<6,7 decline. decline. advance. adraDoe. Basy at Qalet at Easy at Brlyat'df 5X-9^ pta. pta. l}«i«5 ptt. Advtinoe. n<kOl1ti*.. H pt. dee. pta. 1H@12 pts toSpts.ai. •Ivan"*. partially 1 pt. dec Qalet. nnch. to B D'a, deo 1 , . THE CHRONICLE, 260 prioei of futures at Liverpool for eaob day are ^Uet Prloei are on the basin of Uplandi, Gl'ood Ordinary elaoae, anieat otherwise stated. The OAILT OLOBina PRIOBR OV HO 2 MIXBD OATH below, Sat. Hon. July 25 July 27 Tknrs. «r«d. July S9 FrI. July 30 Toe*. July 28 1 July dellveT d d. 1 4. d. d d. 6S6 6 38 6 37 6 2.S 6 2P Jnly Jaly-Aug... 6 3S 6 37 6 37 6 2S 6 2S Ang.-eept... 6 V8 6 33 6 3? 6 :\ 6 24 8«pt.-Oot.... 5S6 5 S-^S 90 5S1 5 83 Oct. Nov... 5 41 5 47 5 49 5 39 5 40 Nov. Dec.. 5 3! ' 3*536 5 23 5 29 5 27 5 -ift 5 3 6 23 5 24 D«c-J»n 5 26 5 8 5 SO 5 23 5 i3 Jan.-Feb Feb Moh. .. 5 26 6 2 5 2i> 5 31 5 %l Mch.-*orll.. 5:6 5 27 5 29 621 5 22 April-May :::;i .... : :::: ::;:i May-J ime. '. d. d d. -1 •f 6 26 6 31 6 27 6 39 6 36 6 29 6 25 6 36 6 22 6 26 691 631 ,^76 5 »! 5 78 5 86 5 3' 5 42 5 41 5 46 32 581 S 35 5 26 521 5 2-^ 5 2>i 5 SO 2<' 6 26 5 v;5 5 2>< 5 5 20 5 26 5 24 5 28 5 19 5 25 5 24 5 27 .•i 6 39 6 33 6 36 6 32 63' 6 27 ^ 84 ^ 79 5 44 5 41 a 33 5 30 5 28 26 5 26 5 24 5 26 5 24 5 25 5 23 •, d. 6 32 6 37 rme...«. 3 'lears..^. itralKbta.. ...... S 3 3*39 sesg 3678 33% 33% 34% 45 3378 34S8 S6»8 3453 30% 3618 »4 Patent, winter.... »4 00 Olty mill*, patent. 4 80 Ryeflonr.anperflno 90 95 06 25 86 35 25 Buckwheat (lour. Corn meal— 25 » 5 20 60 o.h ii Nominal «3 25 3 20 Weetera.eto 4 BrandywlT\f 3 25 «3 30 (Wheat flooir In eaoke sails at prices below tbose (or barrets.) 'atent, spring;; OBAIM 532 per bos ard Dul.,Mv Hard Dul.,Mo 1.. tftbem Dul., No.l Red wintei. No. S Mort'o Dul No. 8. au— Mlz'd.p. bnsh. sat. 27 5 26 6 26 .... 43% 34% 33% 34% CHICAGO. tr*.d 42 3373 .... 02 03 15 •3 40 93 f5 •4 60 06 $2 85 8 90 STtra,No 1 26 • .... 39% • ....„ ^^ ... iaperfine. extra. No. a. 81 5 42 5 . lit Tue$. Poliowing are the closing quotations: nA>DB ^ .^ ... aton. 4t% 33% 34% 36% < Deo. delivery In elev May deUvery In olev j 1 I12i« 4 lS>a 4 12% 4 18»i 4 18H 4 P.M. P.M.P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. Sat elev.... ><«pV dwiiverv In "lev July 31. LXXVII. [Vol. ••• 0. I. f n. 57 069 t.o. b.59% b.69% b.69% No. 8 mixed...... No. 3 yeUow No. 2whlte. ., Bye, par bush— b.8S% o b 93 o. 39%*41% «46 «4l 41is«42% 39 40 No. S Dolxed No. s white.......... e. Western mixed f.o.b9M« f.o.b95% White BREADSTUFFS. Oom, per bush.— e. t. o. 1.0. western 52%t>51 .» State and Jersey...... 60 06912 Barley— West 53 wfO FeemcK 48 '949 Feidat, July 31, 1908. Exports of Grain and Floar from Pacifle Ports.— Only a limited volaine of business hia baea traa^actei in Telegraphic reports indicate that there have been no exports the market for wheat flour. Jobbers generally have been of fl )ur and grain from Pacific ports for the week ending slow to place orders in anticip-itioQ of their coining wants; July 31. The exports to foreign coantries for the oeriod since in fact, they are generally quoted as taking a beari-ih view of be market, and have been disponed to seli short to their July I, I9i'3, and like figures for the corresponding period of trade at present prices. The market for city mills has been 19 3 are yiven bdjw. quiet and unchanged. Rve flour has been qaiet but steady BxporU Flo^ir, Wheat, Gorn, Oats, Barley, JZye, bbli. bush. from— buth. buih. bush. biuh. at uncharged prices. Corn meal has had only a limited 8an Fran. 47,000 Bale, but prices have been well maintained. Puget B'd. f urure delivery has been more Speculation ia wheat for Portland.. active at advancing prices. There has developed coosiderTotal .. 47.000 ab!e buying for cu'^side account, iodnced by the character of Tot 1902. 201.641 1,259.747 228 452.893 183,144 the crop news. The weekly report of the Qovernmeni's Government Weekly Grain Report. — Mr. James Berry, Weathrr Bureau was to the effect that the condition of the spring-wheat crop is unfavorable over the northern por- Chief of the Climite and Crop Division uf the U, S. Weather Bureau, made public on Tuesday the telegraphic reports on Private advices also have been received from .Maui tion. toba estimating the crop in that territory at only 50,000 000 the grain crops in the various States for the week ending Not only, July 27, as follows bushels, aijaiost 65,000,000 bushels last year Corn.— Over the northern portion of the cornbelt the corn crop has however, have the prospects been reported unfavorable for progresw, and wlsHWhrtre fair advaacemeat Is r<«porced, bat crop, bat the mad" good a full yield from the spring-wheat It l8 la general aeed ol r«ia In tbe central and xoii U'»ra P'lrdous of the of the winter-wbeat crop ha>j continu-<d to be reoutturn prlool pal oorn States. While no eerlous Injury h^s yec resulted from ported as falling short of expectations. The movemi^nt of drought, the orop Is threatened In portions of K<*Q8<tB, O&lahoma and new crop winter wheat for the week has been limi'ed, and Mts-O'ui Wheat.— Some winter wheat remains to barvP8»;ed In WiNTBB : The Cincinnati this too has favorably iiflaenced values. Price Current, in its wee&ly review of the crop situation, says that the wheat position is not essentially changed; moderate disappointment over yields The spot continues. market haf been more active and flrmer. Exporters h>ive been fairly free buyers. To-day the market was easier under liquidation, and more favorable crop information. The spot market was fairly active at lower prices; the sales for export here and at outports were 410,000 bushels. •4ILT oix>an(a pkiobb or no. 2 rbd wihtbb whbat ih NB YORK W 8at. Cash wheat 1. o. b Jnly o#<nvery Id elev Bept delivery In elev Deo. delivery In elev May delivery in elev Mon.. Tue: 82 8398 83>« 83i8 S.Sg 81 83 84% 82'78 82i>8 83\ 84% 83ii 823i 8378 85J4 84>« 83% 81^ 8\^ 88 8I"'8 83i« 84i* DAILT OLOSmO PKI0B8 OH NO. 3 7-\ 79^ 76% Sept. delivery In elev Deo. delivery in elev May aeu very in •!«?.... SlH SFRQIO WHSAT Hon. Sat July delivery In elev 7714 7938 77 78I4 80»4 T^urg. Wed. 88% 8313 85I4 CniCAGO. ID Tue*. Wed. TJiuri, Wrt 771* 78' '8 77I4 77% 79M 7914 7838 7938 8lid 77''8 79"'e 81>8 78ifl 78% 807e Indian corn futurf s have been moderately active, Early in the week the upward tendency of prices continued on fair buying, stimulated by reports to hot, dry wind icjaring the growing crop. Subsequently, however, advices were received from the corn belt reporting the fall of beneficial rains, under whicb the market for the distant deliveries turned easier, with the recent buyers sellers to liquidate their accounts. The spot market has been qniet but steady. In the Chicago market buying by belated shorts of July delivery has carried prices to a higiner basis. To-day the market was easier under tbe more favorable weather conditions in the corn belt. The spot market was quiet but steady. MlAixi. COM U VOKK. OALLT OLOBUie PKIOBS OP MO. NBW il Wed. gat. Oasb com f. 0. b Jnly delivery in elev.... Sept. delivery Ui elev Deo doiivnry In elev May delivered In elev Hon. 58>4 58i« 57'« 61^9 &9^ 59 58% 59ifl 68>« 58% 68H 6914 &8>« Tvet. 59 6fe3g 58% 68% OAXLT OIXMIHO PBIOBS OP HO. X MIXBS OOSH Sat. Hon. Tuei. 62Jfl 62»8 Sl^a July deUvery in elev 5288 62'4 52 Sept. deU»ery In elev 52i8 52% 62% 68% IR Thur$. 58>« frt. 58% f9 58% 58% 6814 53 CHICAGO. Wed. 5338 TKurt. 53i« 52% 52% fri, 5114 52>4 53 62>4 62 61% 52»fl 8278 62% Si's 6iH Oats for future delivery at the Western mirket have been The feature has been a sharp advance in Jaly fairly aciive. delivery on a squeeze of ehoits. Only slight changes have occurred in the more distant deliveries. There has been no change in the crop situation; complaints of rust have con tinned to be received, and it is estimated th4t only a fair crop has been grown. Locally the spot market h<*3 been quiet. To-day the market was easier under proflc-taking sales. oiLii.1 OLoaoia ruoM ov oats » nbv* York.. DrC. fleiivery in elev delivery In elov.... May Sol Ro. s mixed In elev 0. S WblM In el«V 40% 42% Mon. T%UM. 40i« 40 42 41>« Wed. 40 41i« Xhurt. 40 40 41% 41>s be the nortiiera portion of the Mi idle A.tlantio States and tha Lake region. While ii<ht yields are veaerally IndloatHd, the orop has be«n aeoarad and 18 b"lng thrjished nnder exoepttoaaliy favorable condition*, that in shock and staufc having wholly usoaped iojury from moisture, which was quite widespread In the prevlons year. Spring Wheat -The oondf Ion of spring wheat oontlnues nnfavorable, especially over ihe northern portion of tae spring wneaC region. Improvement, however. In the orop on fall plowed laids In Northern Minaesota Is reported, bat the late sown Is p >or and rust Is prevalent In Southern Minnesota and South Dakota. In North Dakota the heads are tilling fairly well, but a poor orop Is Indioated, and Us condition In Nebraska Is leHS favorable. Spring wheat is rlpeclag rapidly In the Dakocas. In Moatana and WanhinKtou Ic Is dUtng well. Oats. -Oat hardest has progressed rapidly and favorably. In Illinois, Missouri and Kansas yields are llgater th«a w^tre expected, but >re ravor^bie Rast is reported from Wlsin Iowa the results are oonein, Southern Minnesota, South Dakota and Pennsylvaala. u m Ine movement of oreadstutf s to market as indicated in the (tatements below is prepared by us from figures collected The reoetpts at )y the New York Produce Exchange. Veetern lake and river ports for the week ending July 25, >nd since Aug. 1, for eaoh of the last three years have been: tttctivU at— OaU. Oorn. Wheat. J^iour. Barley BklJ.lHflU)« BtMh.aoib» Bu*h.60lbi ZriMlt.32 lb< UaBO 62,700 40.800 16,200 194.315 783.180 30,800 860.1.SO 20,648 25.280 8,901 11,910 511,000 179.000 84.400 1.300 6,800 ll.flOl 57.642 40.660 .... ... 18^89 128,«e4 61,284 39.983 .... 38.106 869,186 354.115 324,515 10,800 17.600 626.000 1,500 3.200 819,200 198.200 126 000 64.000 883 694 429 112 8,658.663 2.575,941 3.871,703 267.808 6 971,123 2,510,835 2 455.824 445,871 6.866.961 2.181.689 2,063,274 85.951 73,e08 97,891 76,184 166.968 isvaiand Lonli '•orla Olty. 'Ot.wk.lBOB Isms wk. oa •ma 1S<,699 a;i8.H00 •••(•••* •troit lines 1.871 OOO 9,6C0 68,100 • •• 1,168.700 125,000 S74.692 77.440 65,bB7 13«,550 (tiwaokas aiota innsapoUi. oi«ao t. Rv*. BuiKiSlbe BuJWUw. wk.'Ol. AU1. 32.600 1. 80 2<0.26W 244.F9P.617 164.045.6 5 188.777,662 81.105 409 26e,f.07,334 127 885 764 140.512,291 2ii.i?4:<,4Hu 235,6-4 «BI 203.901 4S5 167.554,421 isoii;.«3 iaui-08 1900-01. 5B.609.860 8.2U7,066 80,634,420 5.176.674 31,134,763 4 487,292 The receipts ol dour and grain at tne ueaboara i.onB week ended July 25, 1908, follow: for the tble HtwTorlc B ••ton Oat*, kuik. 469 600 Otr%, kufk. /(«ur, B«ri«» B-,', kwik. »«•* 18.S76 2.8S5 19,»10 1,600 18,685 2,860 35.763 ISA .6 18 84 710 462,075 6.2U0 261.800 t^oaio UjDtraal t«,H5 931,t]46 183,8.S8 PitladalPkla..... Bftitlmora D7 5 4 IC6,1»8 506,010 78.195 101 057 t:4,k«98 129,Sii6 78 501 8,049 l.r90 4ii.606 lS,r>24 600 12,eU8 68.000 88.132 83.200 26.571 714 2r 8,266 ia&,4l{8 Ushmond law 0riasDt*M. lawport Naws.. flllTSltOD P<rtlsDd, Ma.... tfoblla Total Week weak 1902. !77....... 1613 367,414 a,439 4ll 316 /bl 2 »&4.o46 lau.671 73X49 118,600 10,860 2.775 600 828.857 856.184 98l,6Cl 688.601 tiaoa.pii do not ineiada grain paitlng throDgh portion tbronshbllliof ladlna. Total receipts at ports from Jan. foUowa for four years: I Hew 36.720 3,376 Orleans (or 60,486 ly.683 ioraun to July 25 ooh pare as ADGUST « . . . THB rHKONlCLS. 1, 1903.] luui 11.181.875 l«,3fi0.flOB 18.093 309 .Onib. 517BH.2S0 6l.830.fl71 11.2'<8,813 8t 15^415 51 8IH.038 108.ia7 578 48 6 5.^6!) I»08. Vtieat. 07,«49.102 30 207.T50 «.a34.««0 lorn..., )ali.... tarl67 lye IbUO. ItKHt. ..bbU. 11,683,030 B»cH9t •;— loar . Total sr&lii. ioi..«r-u 47.f 30 8,0J1,887 rtWfl 1,501.4-0 l,7S7,lSi 2.96!i.t)08 7.4-7,Sr-5 l.ii71.134 8,337.248 10O.6J4108 157.440.0S0 •• Hel.7-6,t-85 310.893.006 383.215.077 The exports from cne aeverai soaooard porvo tor tne wo«i. ndlng Jaly 25, 1908, are shown in the annexed statement: Ocrn, butk. '>'>l'' ITS.tM (•w York 858.58» 78.049 184.360 i87.-«8 84.064 86.571 18.466 6i.9»o 6,V06 M7S loiton Portland, Ma. 125.428 4 .OOO 'kliadaipki*.. Sieoo liltimora 10.000 lawOrlaant.. am'rt Mawi 814.fl7» loutrial JalTMton..... .. 1, 1908, la Inly Jul]/ 1 to— Witk —— ; 1. . (Ttit Indies.. 23. 19 Ir.M.Am Oolo'i Itkai oouitrlat 2.^00 14 466 81J.399 1.044.1)68 2.4tf»>« 1.146,407 Total foul 1901-08.... 148 239 ll.bHi 187k>4 tr«<li 6.747 11,860 14,973 week and . Sin«« Julv IMS. 1, ilnoi Oom,8inu Juiv ^-r^ W»*i Julv 95 1, 1908. 46.S 168 088.144 1,918.030 3.;8101<: 11,648 Ui.iSii 15.6 9 1,380 809 56l,6U6 49,341 49,841 25.296 307 U93 1,035.166 2,884,866 6.4^3 481 8.546.3.6 1,854 06U 6,188 474 29,b8S 37tf.338 4,466.631 1,936.133 1,»78 »,>67 74.036 B475 visible supply of grain, oomprismg the atooks u icranary at the principal points of aooamniation at lake ant? (•aboard ports, July 25, 1908, was ai follows: The fViktmt, btuk, i»tt«rt«>— MwTork Do 449000 afloat 0»r», 0«l(, kUfk, 418,000 kuik ^^ ^. 84t,oco BaltlKora Rev OTi«ana..^...«M 088 000 HiO'O 108,000 30,000 807,000 23,000 aalTMtCD 687,000 618.UU0 81000 aoiton miaaalpUa 86, <co ^. 7,0u0 817, 184,000 «»«, >i«tfc. 8S1,00« • • . iiariK ^u$^ 83,0O( >• • * S.000 7.000 1,000 2,000 34,b'«6 86,000 '83,001 080,900 173.000 3.000 833.000 006,000 191,000 168,006 4,000 B9.ooa "18,006 16,006 9,060 l,S8J.0O0 — 3.4S8,006 i,667,ob'e aj7,bo6 347,000 '46,600 126',60C 1,000 281.000 43,000 '59,0«( 187 000 32,000 "9,680 "i9im 14,00«« Bvllalo Do 505 16 '""' 937.0C0 HoBtraal »o«>nto.« afloat. fol*do Do afloat....... ••trolt Do JBuaso Do afloat afloat Mllwankaa "2,i»6t '01,000 DO float rt.WlirmAPt.Altli'r 0«1«U afloat Do MUsaapoUs at.LO«la Do - 777,0OC 687,000 3.3^8.000 619,000 "3.066 856,000 afloat ' KtniaaOlty 893 000 123,"n6b Paoria Indtanapolli *""<' 77,000 60,000 204. ogO 384 "no l.OflS.Ood 390 000 331,000 ' )D M iMiMippl River -"l.akat Ob <»Da< •nd riTcr. »0 ai . 8.000 2«9,ooo 8i5,uO0 Ji Jnly J5, 1908.. 12.P50.000 »,t. Jniy 1«. 1908. 13.007. OOO >c»l JulT 96. 1908.. 21.5-<l.OO0 TotalJnly S7. 1901.. 8- .WO.OOO Total July 28,1000.. 46.869,000 T 625,000 81.000 8,000 9,000 19,000 4.000 1,000 'so.ooo 20,000 784 2,263 oatb 9.268 23,673 6.829 17.479 1,835 6.8i9 34,724 6,492 SOS 76 839 140 216,943 ~4i399 171,622 — Total ee\ooo 808 KK ft 667,000 518,000 o particnltrly ia the cotton goois division of the market; but there has neverttielesa beea a steady appreciation in values Scarcity of m^^ohandi8e in almost every line at first bands. has been a markel feature in most descriptions. Theie may have been some increase in stocks of heavy brown cottons suitable for export, but in other directions the market is quite as ehort on ready supplies as it was a month ago, in This is the direct result spite of the conservatism of buyers. of a pronounced curtailment of production which has been in progress throughout the month, manufacfurers both North and South shutting down mills rather than do business at the relative prices of raw material and cotton goods, where purchases of the former were necessary to enable them to accept orders. Most of the advances made during the month can be realized in to-day's market for prompt de liveries, and the tone at the close is decidedly strong. There forward business done apart from a few specialties, both sellers and buyers preferring to follow a day-to-day policy to taking chances of the future. Opening of new lines of light-weights for men's wear has been the feature of the woolen goods division, and, the prices quoted show, to the surprire of the trade, a general decline from last season, notwithstanding increased cost of production. Woolen Qoods.— Formal openings of additional new lines of light-weight woolens and worsteds for next spring in men's-wear fabrics this week have been numerous, and the situation is now well defined in all but the highest grade goods, which have not yet come upon the market. Prices are in most instances back to those of last year's spring opening. This is a lower level than buyers had looked for, but it has not stimulated the demand to any extent. A fair amount of business in the aggregate has been done for the new season, with buyers showing a marked preference for woolen over worsted fabrics. The orders placed for fancy woolens are particularly noticeable in grades ranging from 80c, to |1 25 per yard. Re-orders for heavy weights for quick delivery are about of average extent for the time of year, 17 Foreign Dry Goods.— Orders for new spring lines of woolen and worsted dress goods have been moderate. The tone of the market is firm. A quiet demand only is reported for silks and ribbons, with prices steady. Linens are in moderate request at full prices. Burlaps are steady and in quiet demand. ImportaUoas and P^arelKoaae Wltladrawala ot Dry Goods 6,607,000 Yoek, Friday, P. M„ July 31, 1903. General business daring the month of July baa been quiet, 724 The value of these New fork exports since Jan. 1 to date has been $9,498,494 (n 1908, against $7,879 977 In 1902, The market fur all weights of brown sheetings and drills has ruled decidedly quiet this week. A few inquiries on China and Red Sea account are noted, but no bu'iiuess of any moment has been done for export. Jobbers and converters have bought sparingly. Prices are firm but not higher than a week ago. There has been no quotable change in the price of ducks, gray or colored. Sellers of bleached muslins are in a very firm position, there being few goods on hand. A moderate demand comes forward at full prices. Wide sheetings are scarce and some lin^s are advanced 6 per cent. Sheets and pillow cases and cotton flannels and blankets are all in good condition from the sellers' point of view. Qaiits of all descriptions are scarce. Business in all kinds ot coarss, colored cottons IS kept small by the difficulty of placing orders, and the tendency of the market is against buyers. Cotton linings are firm throughout. Printed calicoes are in fair request for staple lines out quiet in fancies; prices are firm but without quotable change. There has been no change in the prices of gingham'*, buc sellers are very firm in both staples and fine grades. Print cloth regulars are firm and unchanged at 3i^c. in an inactive market. Odds are dull and slightly easier for wide odds in some instances. e,6tfis,ooo 684.000 614.000 2^0,000 AoaerlOB.. OtherOoantfleB. 11,69 j,000 4.491. OUO t)94.O0O 1,299 83,926 9.630 13,246 6.658 14,253 1,266 4,904 88,476 8,181 Mexico............ 5,8«9,000 366,00 410,000 100. aor New little 24 \f rlea ^ .... .... ., Weat iBdlea..^.. ...... 7.311 000 7.610000 7,4-6 000 18,3S7 000 THE DRY GOODS TRADE. has been 8 829 107 605 itabla.^^ ..^..^ but* buf'i. bXkSH. bt>U. 671.786 180.259 67,0^9 8>.974 10.111 86,196 Jootlnanu I. A 0. Ajnarlea. (or the Mnet fan. I 1,315 (ndla.... 88 089 29 879 Wluat. I JiUyZi 1903. are»t Britain Other uiopean. Ohtna OentralAmerloB. Bine* Julv JiUyib. brii* DnltM KiDgdOBl 14,973 as below: -rUrur. MxvorUtor W44k and line* 83,766 184,016 41.0j9 1908. to July 27 IfaeAt. 600 The destination of these exports 1903. Nbw York 5V,504 818.390 874,904 this 8,571 3fT Total WMk..l,«S5 166 1,864.969 8»,tr85 }am«tlm«'0a.J8 224 8g6 — The exports oF cotton goods port for tbe week ending July 27 were 5,475 packages, valued at |:356 233, their destination being to the points specified in the taoles below DoMttSTio Cotton Goods, from : 30 4».ifl2 M )ddrate buying with plain woolen goods mostly called for. of overcoating fabrics is noted, with a fair demand for reguWoalen and worsted lar cloaking lines at previous prices. dress goods are generally firm, with the demand showing an improving tendency. There is no change in the market for wool flannels or blanbets. 6.747 4,690 180 7U • 3*rU\ bath. 51,888 1.800 10.860 »8» 8»J.4Stf 844,6.0 AM, Oati, btMh. #l««r. biiaH. rr*««t, MayorU fr»m— 261 a K R B o si *t •>) r* • o' » f |! •«; * »» Cf >^ •- Til ill!!: O • a i 00 -• U ~JO« O *» 00 Ol 03 J CO ro CO 050i -J*-JOS o acd '. ' r : 05 >-J CO <IOD (OOD 0<l- a> »j « l-J|-> K> -J o> ObO AO K -0 u^M-aa^ OUSroV C aoiAccoo ts HI M"- •2, ro <i r- QO^^M-* CD U3 tt 05 OB - » « to ® ^»oo« MM»0*.W taaoQoo eo-.4>a -»a I4a9;;<ww -J^9» a>io«u« (K9IOVltO OW M «1« <X>V• to*. <t^ -J l-"Mh- kO«M-q — OOJ -OI coo M-4 o» MM M i;^ c W» a tOM ^ Ol» (C t3 «>. — ta»«>.<i AcCi-'M a o <j> aaki ca« 0Sfl6<IWt3 *.05*.M<1 a)ttoi«3> OOMOOOO 00 -a t Si Si t a . t : ! i ! I ?' S^ O ) krf MMMtOM w «3«a 05 fO ^3 "mt^ lotetof^M -^ CO -3 0« •>] rfkf- CDC^OCOCJi Ilk 1^ E" ;:. M w o N1 00*.d 05 1^ l^»-00->J to 05 CO bi 00 CO »S05 >- 0! 05 1^ 01 r> to COM 0511^ OOO Vt 05 9i ta M O <l 05 CO 00 CO O tt QD X> CO eo50-Jtoo >| f^ tn d OD -30 0:<0 1^(0 t« Oft B 01 no O o a »j OB w n M o o o>" MM MOO CO CO ODCotoav D a50i^»<» -QD^Oa to coco 09 00 <l<13) I — ! lO. 09 "a 05 P> =•5 ao<sco>-4« «5 S ^- COo. CO^JXOOOb 05 -a -a a 00 •t * ooootcao MtOOtCOCO a — >ac^i^ 05 a95 -joa co^aota^ I caoiQcto wo 1 I i CON) 00 Va'ac'iyio'co 00 to ^o«> oocoocoe to to MMCOib-ka -JO coo COCXCOkOC^ "i-i <)«C0 -Ilk ^_to_--i^«ow — 00 ^CO»MOT acoM'toeo (y<i-i Oi«0<yOv| V ^c cOMaooco-iii -3M050CO tttOMOStO Oka ao'os I-. .OCOOD M Ol U<tf) O<l»t0ik ft on H H tn M O w QOftOMOO-J b-MM*. OS too Qc O03Mca Vft'COWM cxMit^a*CO<»05~J M ^« l^*.O0>-tS 0) M M 00 c« »0 M^osMce M co^ -sltOODC^O o CO —en Mcob>05 on O Ci9a5 0^09 to CO Olf-iCCO-J CUOD r* MtoaotM Ol COM cots oocnooto#k«» bow'-oojot M OS M OS 09 Q0«JO<M«3 CXiO. OftOI ojoi*.exeo - to X CM ccj^ 05 to CO «> to CO I , CO ^ oaM v> kO>M<->tOC0tO M OM t^wotota to ^00 MCBMQD — CP teto B o>« o •r MO^CDOJ coca a> CO 3« t0 ei*. or -J 05 to ;x ui ea coo— MM soosceooM ooo>c — MBS MOOOCDOO ' -•aw — oi C0tO^i9l«4 I <ICO 05 <I t^ •A M QD -^ OO ti3OlMta05 c^ 00 Mif^X^CO M o- 5 to M 00 o K». <o-,iaBH>(» «<J [» t3M MMMMtO ha o« l(^h-tC<ICO o *.« MWV4 ^ MM aaow^O »« eaifk^^O O) f* a<k -*O>0i3S e> 1 J »; S » O 3 O . CD 09 to a< t-t w «» o mt^ H-ii , J , to MCOQOaOS* *>* o o ! I : IHi'*'* I MW 3 >M OOOi 0 W CCC3 li^ooavco ats 0> n >- ex OS (O H>cn vcd^ C»<1 M ** 00® 05 OQb QD 1.^ 1 1 (t> 00 2 o? c» *i «* »! <* ,-* to ^ iU ft Pt IT a -aw <-> SI P » 11! h^ O s s o *? n s n to to M kacnc<)to yp top oooocoa -a a tocoxico I cnxaoat>a MM coot; CO a JecoM^QD ©oooi-a— ^ •a X CO c M*acaao QOOO — CO aocoo9M-a Me ^ • 9) >4 — : : THE CHRONICLE. 262 State City j)£f>*PTM£NT. yiNu IVOL. LXXVII. Ashtabula, Ohio.— Bond* Authorized.— The following special a^eesi^^ment bonds have been authorized: $1,150 6% coupon Todd Street bonds, maturing $230 yearly on Oct. 1 to 1907. inclusive. 800 t% coupon Belknap Ave. bonds, maturlns $160 yearly on Oct. (fhrcrnide. Interebt April PUBLISHED WEEKLY. Terms of Subscription— Payable in Adrance Vor On« Year, Including all Sdppuemknts For 81i Months Kuron*an Subscription (Including postage) Knrop«an Subscription Six Montbs (isoladlng postage) $10 00 6 00 13 00 7 50 The IKVK8TOB8' SUPPLEMENT ts fumlshed withotit extra charge to every annual subscriber of the Commercial and Fin anclil Chronicle. The STATE AND CiTT SUPPLEMENT Is also fuTulshed icithout extra eharfft to every subscrtber of the Chronicle. The Street Railway Supplement Is likewise furnished leittiout tsira charge to every subscriber of the Chronicle. The Bank and Quotation Supplement, Issued monthly. Is also furnished »Uhout extra charge to every subscriber of the Chronicle. ^ Tnuulent matter (each time) 20 Three Months (13 times) .$29 00 standing business cards. Six Months (26 times) ... 50 00 Months (8 times) $22 00 Twelve Mon hs (52 times) ... 87 00 . . I WILIilAin B. DANA COinPANT, .Pnbllsbere, Pine Street, corner of Pearl Street, Po«T Office Box 958. NETT TORK. News — purpose of passing a new general appropriation bill for the support of 8tate Institutions adjourned July S5. The bill as passed at the last session was declared illegal by the courts, thus making new legislation necessary. Colambas, £tA.— Litigation.— The Mercantile Trust & Deposit Co. of Baltimore, as trustee of the mortgage bonds of the Columbus (Ga.) Water Works Co., baa made application, we are informed, to the United States Court in Georgia for an injunction to enjoin the proposed issue of bonds by the city of Columbus for the purpose of building water works, claiming that the step is in violation of the contract between the oity of Columbus and the water company. The bondholders' protective committee is composed of Frederick M. Colston of Baltimore, Julian T. Burke of Alesandria, John A. Whitridge, Nathaniel W. James and Miles White Jr. of Baltimore. The bonds of this city referred to ($350,000 48) are offered for sale on August 8. See V. 77, p. 49. Tyler, Te^.— Judgment Against City.— We take the following from the Houston "Post." by the city of Tyler for past-due taxes, the proportion of cases the taxes levied by the city lor some y«-ar» past were iilepsl and void, and that Ue conds isiued by for the payment of Interest upon which the taxes were levied were the city also illecial and Void. The amount of b nos involved was ful.UOO. The result of the trial was a tindint; and judgment against the city, denying Us riiiht to levy >nd collect the contested taxes, the effect of wblcb Is to also annul the $91,000 of bonds mentioned. Th« city gave noilce of appeal to the Civil Court of Appeals at Oalve^iton The result of the suit means that about one- third of suit lartie the taxes levied are illegal. See V. 76, p. 1318 and V. 75, p. 751 and 254. Bond Calls and Redemptions. WooBter, Ohio.— Bond Call.— The Board of Trustees of the Sinking Fund call for payment " witbin thirty days from August 16 " 5^ bonds Nos. 81 to 120, in denomination of These bonds have been subject to call since March 16, $500. 1903. See ofEtring of new bonds below. Bond Proposals and Negotiations this week have been as follows and Oct. 1 at the office of City Treasurer, erty of the county, for the erection of bridges, the construction of aqueducts and viaducts, public roads and highways, and for securing better railroad facilities and terminals and for other works of internal improvement. Interest not to exceed 5«. M-i'urlty, not more than 30 years. Athens, Ohio.— Bond* Authorized.— The Village Council on July 15 anthoriz'^d the issuance ot $15,000 5;^ electriclight bonds mentioned in the Chronicle of June 27. Attica, Ohio.— Bond Sate.- On July 18 the $6,010 5;^ electric-lightplant bonds described in V. 76, p. 1420, were awarded to Denison, Prior Co., Cleveland and Boston, at 108 833. Attleboro, Mass.— Bonds Fofed.—This town on July 21 voted to ieeue $20,000 8J^55 30 year gold water- extension bonds. Date of sale not determined. Baldwin Coauty, Ala. Bonds Defeated.— Th\s county on July 21 voted against the issuance of $100,000 road-improvement bonds. Bartholomew County, Ind.—Bonds Authorized.— The County Commissioners nave decided to issue fll.OOO road bonds. Items. Colorado.— Spfctai Session Conchided. The special session ot the State Legislature which convened Jnly 20 for the Tflbu, Tei.,.lulr 20.— In a 1 Ashton, lil.— Bond 8ale.—On June 35 $6,700 6^ 1-4-year (Serial) gas-plant bonds, dated June 25, 1908, were awarded to N. A. Petrie of Ashton at par. Alchison Connty, Kan.— Bonda AutJwrized by Legislature, —Senate Bill No. 18, approved June 86, authorizes this county to issue bonds|not to exceed 20% of the taxable prop- & of Adrertisinar—(Per Inch Space). defense was made that in a from 190S to 1907. inclusive. Jhe Terms from 190S 1 Berwick, Pa.— Bonds Fofed.— This borough on July 21, by a majority of 167, authorized the issuance of $60 OUO bonds for town improvements. No details have been det^mined. Brookline, Mass.— Bond Oifertngf.- Geo. H. Worthley, City Treasurer, is offering for sale at par $lC0,O0O Si4% 1-20year (serial) bonds dated Jan. 1, 19u8, issued for the purchase of the old Boston reservoir in Brookline. These bonds are part of the $240,000 83^^ bonds offered unsuccessfuly in June last. Since that daie, as stated in the Chromcle July 11, the Treasurer has sold at private sale at par $i74,u00 3%% notes and bonds, of which $74,100 notes are for the constinotion of a covered reservoir and $100,000 bonds for playgrounds. The $100,100 now offered may be in the form of either notes or bonds, as desired. Baffalo, N. Y.—Band O^eriTifli.— Proposals will be received until 12 M., August 7, by F. W. M. Heerwagen, City Comptroller, for the tollowlng bonds $200,000 00 3)^3 1-20- year (serial) registered refunding bonds, dated Sept. 1, 19 '3. These bonds are non taxable. 161,816 31 S^% 6-year (serial) registered tai-loan bonds, dated Aug. 15, 190S. Authority, Chapter lu6. Laws of 1-91. year registered grade-crossing bonds, d^ted Aag. 1, 1808. 181,444 81 :i]ri% Authority, Chapier 346, Laws of 18(t8. 100,000 00 8H» 1-6 year (aerial) reiriaiered Buffalo River Improvement bonds, dated Aug. 1, 1903. Authority, Chapter 568, Laws of 19o2. ' Interest will be payable semi-annually at the office of the City Comptroller or at the Gallatin National Bank, New York City. Separate proposals must be made for each issue. certified check for 2% of the bonds bid for, payable to the City Comptroller, must accompany proposals. Bond Q^erinflr.- Proposals will be reBarllngton, N. ceived until 12 M., August 19, by Eugene Holt, Secretary Light Committee, for $18,000 5% 30-year light bonds. Denominations, $500 and $100. Interest, semi annual. Certified check for $600, payable to the Secretary, required. Burlington, Tt,— Bonds Fofed.— This city has voted to The Aldermen have float $150,t00 eJectric-light-plant bonds. not as yet taken any action towards the issuance of these bonds. Bnrn8lde(Ky.) Graded Sehool District.- Bond O^erinff. Proposals will be received until 6 p. M., August 1, by N. D. Stigall, President of the School Board, for $1,000 5% bonds. Denomination, $2( 0. Date, Jnly 1, 1908. Interest payable at the American Trust & Savings Bank, Chicago. Maturity, A C— — July 1, 1988. 0. ShreTeport), L&.— Bonda Not Sold.bids were received on July 23 for the $30,000 jail and the $20,000 refunding 4% bonds described in V. 77, p. 48. Caledonia (N. Y.) School District.- Bonds Defeated.— The proposition to issue $20,000 i% bonds failed to carry at the election held July 11. Caddo Farish (P. : Akron, Ohio.— Bond SaZe.— The Sinking Fund Trustees have purchased at par the $7,500 additional market-honse bonds mentionfd in the Chronicle June 27. Alhambra School District, Contra Costa County, Cal.— —Bond 8a4e.-Oa Jnly 7 an issue of $10,000 i% 1-20 year (serial) bonds dated July 13, 1903, was awarded to the Bank of Martinez at par. Allegheny, Pa.— Bond/? Authorized to be Issued to Sinking City Councils on July 16 authorized the issuance of $5,432 i% Ashton Street improvement bonds. Date, Jnly Interest semi-annually at the office of the City 1, 1903. Comptroller. Maturity, July 1, 1908. Under the ordinance the bonds are to be sold to the Sinking Fund Commissioners Fund.— The at par. Alpena, Mich.— Bond Election.— An election, it is stated, will be held on Sept. 14 to vote on the question of issuing $1CO,000 lighting-plant bonds. Anamosa (Iowa) Independent School District.— Bond Q^ertny.— Proposals will be received until 7 p. m., August 6, by John Z. Lull, Secretary, for $3,5005^ school-improvement bonds. DeDomioation, $500. Interest semiannually at the Maturity, $500 Farmers' & Traders' Bank of Anamosa. yearly from 1905 to 1911, inclusive. Certified check for $100 required. Successful bidder must furnish blank bonds. No Carthage (Mo.) School District— Bonds Not Sold.— We are advised that the $75,000 6 20 year (optional) building bonds offered on July 16 were not sold. Cellnu, Ohio.— Bond Q^ertngr.— Proposals will be received until 12 M., August 4, by F. H. Kreusch, Village Clerk, for the following bonds $4,000 6% l-lS-year (serial) Walnut Street paving bonds of $866 Oe^ eaob. : 00 i% 1-16-year (serial) Llvlniiston Street pavini; bonds of tS3S ss^each. 12,000 b% 1-16-year (serial) street assessment bonos of |8oO each. B,< Date of bonds, Aug. 21, 1908. Interest, annual. Certified check for 2^ of bonds bid for required. Proposals will also be received by the Village Clerk until 12 M. August 18 for $17,000 5$ 1-20-year (serial) street-assessment bonds of $860 each. Date of bonds, Aug. 24, 1903. Interest, annual. Certified check for 2% of bonds bid for, payable to the Village Clerk, required. Centralla (ilJ.) School District.-Bond Sale.— It is stated that an issue of f65,000 A% township high-school bonds, dated Aug. 1, 1908, has been sold at par. Charleroi, Pa.— Bond O^erinsr —Proposals will be received until 8 p. M., August 10, by Ira L. Nickeson, Borough Clerk,. — August 1, — — - THE CHRONICLE. 1903.] U bonds. Maturity. $7,000 in 10 years, $6,000 for $85,000 in 15 years, $6 000 in 20 years, $9,000 in 25 years and $7,000 Interest semi-annually, free from taxes. in 29 years Cbase Citj, ya.—Bonda Voted. Tbis town on June 9 voted to issue not exceeding $20,000 6* 20-year gold street- Improvement bonds, to be dated Sept. 1, 1908. Date of sale not de- — termined. Cleveland, Ohio.— Bond O^ermflf.— Proposals will be received until 12 M., Aug. 17, by J. P. Madigan, City Auditor, for $50,000 4% market-house coupon bonds. Denomination, Date, June 1, 1903. Interest, semi-annually at the $1,000. American Exchange National Bank, New York City. MaA certified check on a national bank turity, Jane 1, 19l8. for 5% of amount bid for, payable to the order of the City Bida must be made on blanks obTreasurer, is required. tained from City Auditor. Purchaser to pay accrued interest. Bond8 Authorized, An ordinance passed the City Council on July 20 authorizing the issuance of $300,000 i% water bonds. Authority, Sections 2886, 2836 and 3837, Revised Statutes ot Ohio. Denomination, $1,000. Date, June 1, 1908. Interest eemi-annua'lv at the American Exchange National Bank, New York City. Maturity, June 1, 1922. Bond O^ertno.— Proposals will be received until 12 m., Aug. 28, by J. P. Madigan, City Auditor, for $42,000 4% street-Improvement bonds maturing Nov. 1, 1906, and $2,000 4% street improvement bonds maturing Nov. 1, 1907. Denomination, $1,000. Date, May 1, 1903. Interest, semi-annually at the American Exchange National Bank, New York — City. A certified check on a naional bank tor 5^ of amount bid for, payable to the order of the City Treasurer, is required. Bids must be made on blanks obtained from City Auditor. Purchaser to ray accrued interest. Clifton Spriiigu (N. Y.) High School.— Bond Sale.— Oa July 27 the $l2,uu0 4% school-house bonds described in V. 77, p. 214, were awarded to S. D. Jackson of Clitton Springs at par and interest. A bid was also received from S. A. Kean of Chicago. Colombia Toirnship Special School District No. 11, flamllton Coantj, Oitlo.— Bond Offering,— PropoBsAs will be received until 12 M,, August 10, by Charles J Wersel, Clerk Board of Education (P. O. Oakley), for $2,0U0 4%% 1-5 year Authority, Section 2834a, Revised (serial) refundmg bonds. Statutes of Onlo. Denomination, I154CO. Date, Aug. 1, 1903. Interest semi-annually at the Western German Bank of CinAccrued interest to be paid by purchaser. cinnati. Colambas, Ohio.— Bond Election Proposed.— The question of holding an election to authorize ttie issuance of about $1,500,000 sewer-disposal-plant bonds is being considered. Concord, N. H.— Bond Sale, -The $17,000 police-station and the $3,8U0 sewer d^% bonds offered but not sold June 27 have since been sold at private sale to local investors at par and interest. Connergrllle, Ind.— Bond Offering.— Proipoaaia will be received until August 3 by Jacob 8. Clouds, City Clerk, for $13,000 school bonds. Coi'k County, III. Time for Receiving Bids Extended The County Board has extended the time for popular subscription to the $500,000 3>^<< building bonds at par until Sept. 8. The public, it is stated. Is subscribing at the rate of about $10,000 a day. In order that there may be no doubt as to the validity of these bonds, the County Board had Attorneys Kraus, Alschuler Holden examine into the proceedings leading up to their issuance. The firm declares that. the bonds are In all respects valid. See V. 77, p. 158. Coryallls (Ore.) School District.—Bonds Fofed.-This district has voted to issue $8,000 school bonds. & CoancU Wrore, Morris County, Kan. Bonds Authorized by Legislature.— Thia city has legislative authority to issue |8,0uu park bonds at not exceeding 5% interest, providing the securities are authorized by the electors. Crockett County, Tean. Bond Resolution Withdrawn, The resolution to hold an election to vote on the question of issuing $100,000 oonds as a subscription to the capital stock of the Tennessee Western Railway Co. has been withdrawn. Cadahy, Wis.— Bo7id« ^ut/iortzed.— The.Village Board, on July 14, authorized the issuance of $39,000 sewer bonds. Demopulls, Ala.—Bond« Authorized,— The City Council has passed an ordinance providing for the issuance of $35,000 5$ gold sewer bonds. Denomination, $500. Date, Aug. 1, 1903. Interest, semi-annual. Maturity, Aug. 1, 1983. Detroit, Mich.- Bond OJfering.— Proposals will be received until 3 p. M., August. 25, at the office of the Board of Water Commissioners— Benj. F. Guiney, Secretary— for $150,000 ^%i water bonds. Denomination, $1,000. Date, Sept. 1, 19o8. Interest semi-annually in New York City. Maturity, Sept. 1, 1933. Certified check for $1,000 required. Donley County, Texas.—Bond Saie.- The State Board of Education has purchased at par f 10,000 4% 10 40-year (optional) jail bonds of this county. Securities are dated April — 10, 1908. Dnhois County (P. 0. Jasper), Ind.—Bond Offering,—Ptoposals will be received until 1 p. M,, Aug. 8, by William F. Beckman, County Treasurer, for $54,000 4)4% road bonds. Denominations, $500 and $350. Date, Aug. 15, 1903, Interest, semi-annually at office of County Treasurer. Maturity, $1,850 eacu six months from May 15, 1904, to Nov. 15, 1923, inclusive. Accrued interest to be paid by purchaser. Either cash or certified check for Z% of bonds bid for required. East Llrerpoul, Ohio.- Bond O^erinp.— Proposals will be received until 12 m., Aug. 17, by Willis Davidson, City Auditor, for the $92,925 4}^% coupon refunding bonds mentioned 263 Chronicle June 13. Denomination, $1,000 each, except one $925 Dond. Interest semi annually at the office of the City Treasurer. Maturity, " not less than ten nor more than thirty years from date." Authority, Section 2701, Revised Statutes of Ohio. Certified check for 6)< of bid, payable to the City Treasurer, required. East Palestine, Ohio.— Bond* Authorized.— The Village Connoil on July 15 passed an ordinance providing for the issuance of $14,000 5j< street paving bonds. Denomination, Date, July 31, 1903. Interest, semiannually in East $1,000. Palestine. Maturity, $1,000 yearly on Dec. 31 from 1908 to in the 1916, inclusive, Elba, Ala.— Bond Election.— An election will be held Aug. 10 to vote on the question of issuing water-works bonds. El Paso, Texas,— Bond O^erinflt.— Proposals will be received until 10 A. M., September 10, by B. S. Catlin, City school and $60,000 5^ sewer extension Clerk, for $50,000 bonds. Denomination, $1,000. Date, Sept. 1, 1908. Interest semi-annually at the office of the City Treasurer or at the Chemical National Bank, New York City. Maturity, 40 years, subject to call after 20 years. Certified check for $l.O0O required. Farley, Minn.—Bond* /Itcarded.— The $10,000 5^ 10-year refunding bonds offered for sale on June 10 have been awarded to S. A. Kean of Chicago at par are advised, however, that the sale has not yet been consummated. See V. 76, p. 1155 for description of bonds. Fenelon Falls, Qui,- Debenture Offering —Proposals will be received until 1 p. m,, Aug. 12, by F. A. McDiarmid, Treasurer Board of Water, Light and Power Commissioners, for $37,500 4% water and light Donds. Fisher Conntf, Texas.— Bonds Registered.— The $19,900 4;o' 10 40-year (optional) bridge bonds mentioned in V. 77, p. 104, were registered by the State Comptroller on July 25. Flathead Connty, Mont.— Bond Iskue an Old One In the Chronicle July 18, on page 159, we stated that this county had recently sold an issue of $55,000 4% court house bonds to the State Board of Land Commissioners. This issue was an old one put out over a year ago. Since then it has passed through the hands of various parties, among them J. M. Holmes of Chicago, and has now been purchased by the State Board on the terms mentioned in the item above referred to. Fond da Lac, Wis.—Bond Sale.—Vfe are advised that the $50,000 street-improvement and $10,000 library bonds voted at the election held April 7 have all been sold to local H We — parties. Franklin County, Ky.— BoTid Sate.— This county on June an issue of $100,000 4)4,% bonds to N. W. Harris & Co. of Chicago at 105'13. Denomination, $1,000. Date, $87,000 July 1, 1903, and $23,000 Aug. 1, 1903. Interest, semi- annual. 11 sold Maturity, 1923. Franklin Connty (P. 0. Columbus), Ohio.— Bond Offering. —Proposals will be received until 12 M., Aug. 12, at the office of the County Auditor, for $3,000 Q% Dublin and Olentangy (Perry township), free-turnpike bonds. Date, Sept. 1, 1903. Interest, semi-annually, at the office of the County Treasurer. Maturity, one bond yearly on Sept. 1 from 1904 to 1913 inclusive, as follows: $200 in 1904 and in 1905, $800 yearly, from 1906 to 1911, inclusive, and $400 In 1912 and in Authority for the issuance of the bonds, Section 1918. 4808, Revised Statutes of Ohio. Bond Sale,— On July 25 the Turnpike bonds descrioed in V. Perry Township Turnpike bonds were awarded to P. S. Briggs & and 102, respectively. Accrued $3,000 Qi Summit View and the $3,000 6^ described in V. 77, p. 162, Co., Cincinnati, at 108'233 Interest to be paid by pur77, p. 49, chaser, Fremont (Ohio) School District.- Bond Offering— Proposals will be received until August 3 for $4,000 6% bonds of $500 each. Interest, January 1 and July 1. GalTB, 111.— Bond Bate. July 18 $18,500 4^^% 4 10-year (serial) electric light and water bonds were awarded to the First National Bank of Galva at par. Bonds are dated July -On 1, 1903. Geneva, Ala.—Bond Election.— An election will be held August 10 to vote on the proposition to issue $17,000 water and $5,000 sewer 5f 30-year gold bonds. This election was to have been held on July 31, but the order, owing to some irregularities, was annulled on July 2. Georgetown, Texas.- Bond Q^eringr.- Proposals will be received until Aug. 35, by R. E. Ward, Mayor, for $3,000 4% 5-40 year (optional) school bonds. rized at an election held July 7. Securities were autho- Glbsonbnrg, Ohio.— Bond O^eringr.-Proposals will be received until 18 M., August 17, by the Village Clerk, for $9,697 60 5% East Madison Street improvement bonds. Denomination, $500. Date, Aug. 17, 1908. Interest, annual. Maturity, two bonds yearly on August 17 from 19u4 to 1913, inclusive. All bids are to be unconditional. Accrued interest to be paid by purchaser. Certified check for $300, payable to the Village Treasurer, required. Grafton (W. Ya.) Independent School District.— Bonds Not Sold.— No satisfactory bids were received July 20 for the $55,000 4^% 10-34-year (optional) school-bulldlng bonds voted at the election held June 9. Grand Marais, Cook Connty, Minn.— Bond Offering,— Proposals will be received until 10 a. m., August 17, by Claus C. Monker, Town Clerk, for $15,000 20-year road and bridge bonds. Authority, Chapter 36, Laws of 1903. Grantsburg, Barnett Connty, Wis.— Bond Sale,— It is stated that the $8,000 5% electric-light bonds offered for sale — — — ——— THE CHKONICLE. 264 on JaoH 35 have been awarded to the Trowbridge & Nlver Co., Chicago, at 103-313. For description of bonds see V. 76, p. 1315. Urosse Fointe Township, Mich.— Bond Offering.— Froposals will be received nntil 7 i\ M., Aag. 5, by Einoric A. Boone, T >WQship Clerk. P. O. Chauvin, for $25,')00 4<l road Matur bonds. D •aotninatioa, 11,000. Dace. Jaly 1,19)3. ity, July 1, 1933. Certified clieck for $500 payable to Gilbert J. Allard, Township Treasurer, required. Hampton (Towu). Va.—Bind Hale.— The $35,000 40 year strtet-improvement bonds clTered as 4 per cents on July 1 Ellis of have been awarded, it is stated, to Harrington New York City, as 43 2 per cents. Harre, Mont.— Bona Offering.— This city will sell at public auction at 10 a. m., August 24. at the office of Q. T. Sanderson, City Clerk, |26,500 water and sewer bonds at not exceeding &i interest. Denominatioo. $100 Date, Jan. 1, 19 4. Interest. Jan. 1 and July 1 at the cffi^^e of the City Treasurer or in New York City. Maturity, Jan. 1, 1924, snbjict to call after Jan. 1, 1914. An unconditional certified check for $1,000. payable to the City Treasurer, required. Hdzlrtou ^<cbool District, Lnzerne I canty. Pa.— Bonds Not Sola. — 1^0 satisfactory bids were received July 17 for the $60,000 4$ bonds descrined in V. 76. p. 1370. Ht-rkimer, N. Y.— Bids jRe/ecfed.— All bids received July 20 for the 1^2^,000 ih4i 20-year sewer bonds described in V. 77. p 159, were rejected. Hlgblaad (N. K.) Union Free School District.— Bond Sate.— This district on July 6 sold an issue of $16,500 3^« bonds to the Uis'er County Savings Icstitution at par. Denominations, $i(0 and $1,0C0. Date, July 6, 1903. Hunston, Tex. Bonds Fropoaed.—A resolution was introduced in the City Council on Jaly 20 providing for the issuance of $100,000 5^ fire-siation, street and other improvement Interest semi annually in bonds. DeDomination, |l,000. New York Ciry. Maturity, 40 years. Habbard, Ohio.— Bonds Not So/d.— No bids were received July 27 for the $10-000 4% 3 22-year (serial) electric-light & bonds dated June 1, 1903. Honiboldt (Teon.) School District.-Bond« Not Sold.— We are advised that the $18,000 ^^i^ 30-year bonds offered on July 9 were not sold. The matter will not come up again until next year. Hantiugdon, Tenn.— Bond Election,— An election will be held August 22 to vote on the question of issuing school bonds. Independence (Mo.) School District.— Bond* De/'eafed.The question of issuing $7,500 school bonds failed to carry at the election held July 15. Indiana, Fa. Loan Authorized.— The Borough Council has authorized the issuance of $25,000 4$ 1 30-year (optional) sewer bonds, according to local reports. Indianola (.Iowa) School District.— Bond Offering.— Fro poeals will be received until August 3 by E W. Hartman, Secretary, for $15,000 4%i 5-10 year (optional) high-schoolbuilding bonds. Denomination, $1,000. Date, Aug. 1, 1903. Interest semi-annually in Indianola. Ingham Coanty, Mlcb.—Bonds Defeated. The election held Joly 20 resulted in the defeat of the question of issuing $36,000 building bonds. Kansas.- Bond i«««e.—The Topeka "Capital" on July 23 stated that the State Executive Council on July 32 had issued a refunding bond for §211,000 to take up 211 bonds of $1,000 each put out a number of years ago to pay for a portion of the State House. Iq 1898 the bonds were refunded for a period of five years. Last winter the Legislature again authorized the refunding of the bonds, and it was decided to make a single bond tor the entire amount. The bonds will be placed in the State School Fund and will draw 4?; interest. King (.ooDty (»ash.) Sihoul Dlslrict ^o. IS. -Bond Sale. -On July 18 $16,C0J 1-10 year (optional) bonds were sold to the State ot Washington at par for 4 per cents. DenominaInterest, semi-annual. Dttte, Ang. 1. 19i'3. tion, $1, 000. King tunntf ( Wa8h.)Schuol District So.hl.—Bo7id Sale. — — On July 23 $5,000 bonds of this district were awarded to the Statt) of Washington at par for 4J>^ per cents. Denomination, $1,000. Date, Aug. 10, 1903. Interest, annual. Maturity, five years; subject to call after one year. Kiogitton, N. Y.—Bond Sate.— On July 20 this city sold at par to the Ulster County Savings Institution an issue of $1,530 25 Ai sewer- conntrnction bonds, maturing Jan. 20, 1904. TL\ts*yHle, Out.— Debenture S ile.—The $10,000 4;g debentures otf'-red, but not sold, on Juue 20 were awarded on July 6 to the Dominion Securities Corpoiation of Toronto at 94 '50. £in»ton, M. C. Bonds .4ut/ioriaed.— The issuance of water and sewer oonds has been authorized. Lampasas County, Texas.— Bond Saie.— The State Board of Eaucatlon has purchased at par the $1,800 4^ 5 40-year (optional) court-house and jail-repair bonds recently registered by the State Comptroller. Bonds are dated April 10, 1903. Lorain, Ohio.— Maturity of Bonds.— In the Chronicle last week, on page 215, we gave all the details of an offering on August 11 of $200,000 4^ Black River improvement bonds except the maturltv of the bonds. We are now advised that they will mature $5,000 yearly, beginning Sept. 15, 1933, all being subject to call after Sept. 15, 1913. LoalsTiile, Wa.— Bids Be/ected.— All bids, the highest of which was par, received July 28 for the $20,000 5« 20-year water and light bonds, described in V. 77, p. 315, were rejected. [Vol. LXXVII. Madl80QTilIe(Ky.) Graded Common Srhnoi District.— Bond Sate.— The $25,000 b% 20 year bonds offered for sale on July 1 were awarded to Morton's Bank of Madisonville at p.r. Maosfleld, Ohio.—Bond Sate.— On July 25 the $50 0)0 i% refunding bond^ described in "V. 77, p 105, were awarded to W. J. Hnyes & Sons, Cleveland, at 100'042 and interest. Following are the bids W.J. Hayes A Sons. Cleve... $50,081 48 R. Kleybolte & Co., Clncln... 160.000 00 Maric«>pt Conuty (A.riz.) School District No. 33.— Bond f^ate.—Ou July 20 $2,400 1% bonds were awarded to D. B. H-ard of P ceaix at 125 31. Followioe ar« th^ niHs : | : n. B Henrd. Pbre Ix 13.005 00 Duke M. Farson & Co.. Chic... $2,451 00 M. Ellmwood, Chicago 2,5"8 00| TrowbridReiS. NlverCo.,Clilo. X,40d00 DdiiOuiiuHtion, $400. Date, July 2U, 19t3. Interest, annual. Maturltv. Joly 20, 1938. Marqaette, Micb. Bond Election.— An election will be held Aagust 11 to vote on the Question of issuing $50,0()0 refunding city-hall bonds. I C. Marllusbnrg, W. Ya.—Bond Offering,— FiopoaA\B will be received until 8 ? M., August 20, by the City Council, at the office of the Mayor, for $33,000 4* 10-33 year (optional) water bonds. Denomination, $500. Date, July 16, 19'i3 Interest semi-annually at the Merchants' Farmers' Bank of Martins burg. Certified check for 2^4% required. Bonds are exempt from municipal taxation. Purchaser pays acorned interest. A. F. Lambert is City Clerk. MarysTllle, Cal.— Bond Sate.— It is stated that the $64,000 4% sewer bonds, authorized at the election held June 15, have been sold to the Northern California Bank of Savings, Marysville at 100-39. May wood High Sihool District No. 89, Cook Connty, III. —fjond Sate. -ine $35,000 4j high-school boods offered for sale on July 17 have been awarded to John Nnveen Co. of Chicago at par. For description of bonds see V. 77, p. 50. Medioa, Ohio. - Bonds .4ttf7iorzzed.— The Village Council has authorized the is^uance of $2,000 5i water-extension bonds. Denomination, §500. Date, July 15, 19J8. Interest, annual. Maturity, July 15, 1908. Meigs Coaiity (P. 0. Pomeroy) Ohio.- Bond O^ertng.— Propoaals will be reoeivei until 3 p m., Aug. 17, uy A. W. Vale, County Auditor, for $20,000 43^* fuuding bonds. Denomination, $1,000. Date. Sept. 1, 1903. Interest, semi-annually at cifioe of County Treasurer. Maturity, $1,000 Sept. 1, 1906; $7,0u0 Sept. 1, 1906; $7,000 Sept. 1, 19u7, and $5,000 Sept. 1, 1903. Blank bonds are to be furnished by purchaser. Bidders are required to be satisfied as to the legality of bonds before bidding. Deposit for $300 in currency required. These bonds were offered as 4 per cents on July^l, but not & & sold. Meridian, Miss.- Bond Q^erinflr.— Proposals will be received nntil 10 A M Aug. 3, by 1. R. McElroy, City Clerk, for $150,000 i% water- works bonds. Denomination, $500. Interest, semi-annually at the Seaboard Na ional Bank, New York City. Maturity, 30 years. These bonds were authorized by vote of 627 for to 25 against at election held for the purpose. Mlihigan City, lad. Bond Ojfertngi.— Proposals will be received until 12 M., Aug. 3, by M. T. Krueger. Mayor, for $25,000 5% 315 year (serial) funding bonds. Date, July 1, I9u3. Interest, semi-annnal. Accrued interest to be paid by purchaser. Mliao, Minn.— Bond Q^eringr.— Proposals will be received until 8 p. M., August 15, at the office of the Village President, for $5,000 5^ 20 year water- works bonds. DenominaDdte, Aug. 1, 1908, Interest semi aoDually. tion, $1,OlO. Certified check for $100 required. John Isaacson is Village Recorder. MilTvaakee Connty, Wis.-Bond O/Tering.— Proposals will be received nntil 10 A M., Aagust 5. by George Thuering, County Treasurer, for .'jf;45, 000 d% exchange bonds maiuring Sept. 1, 1913, and $45,O0O 3i exchange bonds maturing Sept. 1, Denomination, $500. Date, Sept. 1, 1903. Interest 1923. semi-annually at the office of the County Treasurer, Minnesota. Loans frum State Funda.—The St. Paul "Pioneer Press" states that on July 23 the State Board of InVHf-tment approved applications for a $15,000 loan from Crow , Wing County and $5,0 10 to Brookpark, Pine County. Miti'hrli County, Tex.— Bo»id Sate.— are advised that the $i9,0u0 5% 10-40 year (optional) refunding bridge bonds recently approved by the Attorney General were sold on Jnly 4 to J. B Oldham of Dallas at above par. Danominatlon, Date Miy 10, 1903. Interest, annual. $500 Molii.e (111.) SthOil District No. 40. -Bond Sate.— On July 1 $20,000 6% bonds were sold at 10360 and interest. Denomination, $1,000. Date, July 1, 1908. Interest, annnal. Maturity, $2,000 yearly on Jaly 1 from 1905 to 1914, inclu- We sive. Monroe, Micb. Bond Offering.— PiopoBailB, August it is stated, paving bonds. M* nroe Couoty, Iowa.— Bond Sate.— On July 10 an issue of $2b,000 A}4'i tunding bonds was awarded to Geo. M. Becbtei & Co., Davenport, at 100 482. Date of bonds, July Interesr, semi-annual. Maturity, $7,000 in each of 1, 1903. will be received until 17 for $30,000 4% tne years 1912, 1913, 1914 and 1915. — Montgomery, Ala— Bond Orainance. An ordinance providing lor the issuance of the $50,000 4% gold school bonds recently voted was Introduced in the City Council on July Denomination, $1,000. Date, Aug. 1, 19u8. Interest, 35. semi-annual. Maturity, Aug. 1, 1943. Montptlier, Ohio.- Bond Offering.— PropoB&la will be received until 18 u., August 10, by J. A. Weaver, Village — ACGCST 1, — THE CHRONICLE. 1903.] Clerk, for $10,n( 4}ii sewer bond?. Denomination, $1,000, Date, Jaly 1, 1903. Interest, aemi annual. Maturity, J aiy 1. Accrued interest to be paid by purchaser. Certified 1918. ciieck for 1% ot bonds bid for, payable to the Village Treasurer, r' quired. Morgan Co. (P.O. Wartburg),Tenp.— Bond mectiov.—\xi electiou will be held this mouth to vote on the qaention of W. C. Sttrnbergh is County issuing 140,000 4i road bonds. Clerk. MouLt Clemens, Mich.— Bond S-aZe.— The 110.000 5^110 year (serial) water- works bonds ofiEered iHSt May have been awarded to Staeongood & Majer, Cincinnati, at 101'50. 31ouut Plei>8Bnt(To>fu), M. ¥.— Bond Sale— The town of Mount Pitasani has sold an issue of 4110,0 )0 it road-improvement bonds to the Sing Sing Savings Bank at 101 05. Bonds are dated July 1, 1903. Fi^asuut, Westmoreland Coauty, Pa.— Bond Sale. July 27 the |.6.o0U 4>i» sewer bonds described in V. 77, p. i60, weie awarded to Jacob Justice Free Diepenaary ot Mount PlfHsant at lOO 156. A bid of par was aleo received from VV. J Haves & Sons, Cleveland. MuQut Veinon, lil. —Bomi O^erinflr.— Proposals will be received until ft p. M., August 'ZO, by Walter E Robt-rts, City Clerk, tor $7,000 6$ bonds. Denomination. |l,000. Date. Sept. 1, 1903. Interest payable at the Fort Dearborn NaMaturity, $1,000 yearly from 1910 to tional B^nk, Chicago. C^rt'Sed check for |100 required. 1916, includive. >'uuce touuty (P. 0. Fuliertou) , Neb.- tionii Sale.— Thia county has boid at par to the State of Nebraska $60,000 3} 10-20 year (optional) bridge bonds in denovamatiou of $1,000. Ntwburgb, N. Y.— Bond SaZe.— The .^45,000 83^« improvement tHjLOB cffered, but not sold, on May 22, were sold on Sherrill of Poughkeepsie. July I to ieahC Niles Oqiu.— Bond* Authortzea.— On July 23 an ordinance passed the t ity Council providing for the issuance ot $10,000 ^14% refunding bunds. Denomination, |1,0U0 Dite, Sept. 10, Interest st-mt-annually at the office of the City Treas1903. urer. Maturity, Sep^ 10, 1923. Ontario.— Bo».d« T & N. O. By. Oferef.— The TemiskamiLg & Northern Ontario Railway Commission will receive Moout — On 265 ized the issuance of $10,000 6% 20-80-year (optional) schoolbuilding bonds'. These bonds, we are advised, were sold on July 23 at 101 70 and all expenses of iesning the bonds. it'h.- Bond O^eriny— Proposals will be received Sb gl naw, until 2 pm. Aug. 12, by Frank M. Totten, Comptroller, for $!0,000 Eartern Tasing District and $25,000 Western Taxing District i% sewer bonds. Denomination, $500. Date, Aug. 23, Interest sfuii-annually at ofBce of City Treasurer or 1908. at the current official bank in New York Ciiy. Maturity, one tenth each year from Aug. 22, 1904, to Aug. 2i, 1913, inclusive. Authority, City Charter and a resolution passed by Common Council July 13. 1903. Accrued interest to be certified check on a Siginaw bank or paid by purchaser. New York diaft, pnyaole to the City Treasurer, for 2 per cent of the amount c f bonds bid for is required. St. Btruurd P< rish. La.— Bonds Foteu.— This Parish on July 23 voted to is6u« $50,000 5% 4C-year road bonds. M A ht. Clair Towusliip, Colambiana Coouty, Ohio.— Bond Peering. -Proposals will be received until p M Aug. 28, by Jerry I. Ansley, Township Clerk, at his office in the village of Calcutta, for $2'».000 4J^^ road improvement bonds. Date, Sept. 1, 19(3. Denomination, $500. Interest, semiatinually at the First National Bank, East Liverpool, Ohio. Maturity yearly on April 15 from 19u5 to 1931. iucloeive, as follows: $5 '0 yearly from 1 to 6 years after date, $l,l;00 in 7 years, $500 in 8 years and also in 9 years, $l,0u0 in 10 years, $5(10 in 11 years, $1,000 yearly from 12 to 19 years, inl , clusive; $1,500 in 20 years, $1,000 in 21 years, $1,500 in 22 and in 28 years after date. Certified check for $500 on some national bank to order of Township Clerk required. Pur- chaser pays accrued interest. Johu8Tiile(N. Y.) Union Free Schobl District Xo. 2. July 2.') $7,000 bonds ot this district were sold to the Amsterdam Sdvings Bank at 101 for 4 per centp. Denomination, $500. Interest annually on Oct. 1. Maturity, $500 yearly from 9 to 22 years after date. St. Paul, mi on. Bonds Authorized.— The Aldermen have pasted a resolution to issue $100,000 school, $60,000 bridge and .$40,0i sewer bonds. Sauduitk), Onto.— BoredaiVot S)id. We are advised that bids UQiii Sf-pt. 12, for $3,750,000 330 8U-year bonds of this the $32,0U0 4% Hayes Ave. paving bonds, advertised for sale road bearing date Oct. 1, 1903. The principal and interest July 14, were not offered, as the amount of bonds to be eold of thtse bi-nds is guaranteed by the Province of Ontario, the is likely to be reduced, lb will be some months before they railway bMug a (iovernment enterprise. See details in our will be again offered. W Railroad D-partment e'sewhere. Oregiin (111.) School District.— Bond Sale.— On July 23 $14,000 4% school bonds were awarded to the First National Bank Denomination, $1,000. Interest, of Chicago at par. annually on May 1. Maturity, $1,000 yearly on May 1 from 1904 to 1917, inclusive. Pttiier, S Dak —Bond Sale.- On July 21 an issue of $10,000 boiidb was sold to L. L. Loutuller of Ircqnois at price not Pasttdet a (Cal.) School District.—Bonda Toted.— This dis trior on Ju.y kO r.y a vote of 197 for to 68 against, aulhurized the isfcuance cf $50,000 school honse bonds. i'eubody, Mass. -i;ond Sale.— The $150,000 4$ 1-30-year water boLds described in V. 77, p. 216, were awarded on JnJy 30 to Menill, Oldham & Co Boston, at 102-949. Totin^utoiuie, Kiley, Geary and Wabuaust^e Counties, Km.- Warianta Authorized.— JJndeT House Bill No. 40, approvea y the Governor June 26, these counties are author zed to ieeue 6% warrants to rebuild and repair all county bridges dumuged or destroyed by the floods of May and June (serial) , St. —Bohd dale.-Ou — San Francisco, Cal.—Bond« Propoaed.— The San Francisco "Chronicle" states that City Engineer Qrunsky 'a report on plans and cost estimates for oertain'publio improvements proposed to be made with the proceeds of Dond issues was transmitted to the Supervisors on July 24 by the Board of Public Works. The plans cover twelve distinct propositions, which will be submitted to^the voters ic September. They are as follows : 1 2 — Sewersfstem and 4 10. 11. 12. ST.s-sO.ooO improving aceepted streets TelegrHph Mill Park 5 e.. 7.. 8.. 9.. t last. RepairlriK Cdiloreu'B playgrounds. Extension ot (ioldeu date Park to Presidio. 3 Mary's Square. .Park in the Mission .Cuniy Jail and audition to Hall of Justice .St. , • Twin Peaks Paik 31.000 741.000 33C.000 597,000 !,• 2( S.OtO 29.1,010 f 97.000 IbJ'.OtO Public Llbr*r? l.C47,000 1,000.000 8,595,000 and County Hospital. ..New school bouses, lands and repairs .City Total 118,135,000 Santa Kosa (Cat.) Sciiool District.— Bond Election.— An election will be neld to-day (Aug. 1) to vote on the quettion Poeblo, tttlo.— Bonds Voted.— The iseuance of $175,000 of issuing $12,000 bonds. Seatord, Del.— Bond Offering. Proposals will be received park dii-iiict No, 2 bonds was voted on July 23. Beadiig, Pa.— /3ind Salt.— On July 24 the $60,000 4% re- until 8 P. jvi Ang. 20, by J. N. Johns, Town Treasurer, for fundiig binds were awarded to Lawrence BarLum & Co., $10,1.00 i% electric light bonds. Denomination, $1,000. Date, July 1, 1903. Interf st Jan. 1 and July 1 at the First New York, ai 105i633. Following are the bids National Bank of Seaford. Maturity, 30 years, eut j-^t to Amount. Bid. Lawrence BHrDum & Co .New York t61.68u00 call after 10 yeare. Certified check for I01..00O 2% of tbe par value of b),3o9 8ii N. W. UariiS4 Co.. New York eu.OLO il.itioto the bonds bid for, payable to the Town Treasurer, requ red. eo.ooi W. A. ^efl, Keaain« — , : f I ChaaeXatlonal Bank. Sew York < 12,000 12, Oo isj.ion 1 12,000 ( 12,01.0 ) ' due 1908 due 1913 oue i9 « due 1923 due li-tS 1Z,1:-)U 00 12,•^(1000 12,240 00 12,3i 1 12,SH0C0 BO.ecoOu lv,04600 12,75 00 12,12000 12,15j00 Wash.- i<ond Sale.-Toe $590,000 20-year elecand power plant bonds, ffercd for sale on July 27, were awarded to tbe State of Washington at a price said to Seattle, tric-light ( be par tor d% per cents. Seattle Siliool Dihtrict No. 1, King Connty, Wash.Bonds Voted.- This Qis.rict by a vote of 187 to 31 on July 18 Maton, Lewis 4 Co.. Philadelphia authorized the issuance of |tOO 000 school-house bonds. 1-^.1()800 00,33600 OO.OUO Graham 4 Co., Philadelphia Sejmuar (Wis.) fcchoul District.- Bond Offertng —ProDcui minaiioii, $i,oo0. Interest, February 1 aLd Augubt 1. poeals will be received at any time tor $18,5' 4% schoolMaturity, *12,000 on August 1 of the years 1908, 1«13, 1918, buildiEg bonds. Denomication, $500. Date, Aug. 1, 1903, 1923 ana i928. Interest payable at the First National Bank of A^pl'ton. Bipl-^y county, Ind. Eond OJ'fririgr,- Proposals will be Maturity, $.500 yearly on Feb. 1, from 1905 to 19l3, inclusive, rectiv. d umii 1 p M., August 4, by Newton Jackson, County and 19.000 Feb. 1, 1914 Treasurer, for th*> tnilowing be nds l!)htlby Count} (P. 0. Sidney), Ohio.— Bond Sale. -On July each. Interest, May 15 t20,C0i) 4H« Laui!h*ry Township pUe bonds of 15' ani>ioT. 15 at the batesTille Bank o( Baiesville. Maturity, |1,U0U 27 the $35,500 5% ditch bonds were awarded to L. M. Studeeach Klx moDibs from May 15, >9i 4, to >ov. !'>, iw 3 vonr, at 10u'14, while no bids were received for the $81,500 4% Sl.COO 4it* uii-e "oi d» of Center Township. Interest. .Way IS and Nor. 15 at For description of toe RiplPT County Bank ot OSKOod. Maturity, »i.| 50 (two bonds of road bonds offered on the same day. t6i5 eacn) eacn six montcs from May 15, 19oi, to Nov. lo, 1913. bonds see V. 77, p. 163. BiTer Kuuge ( Oich ) Siliuti District No 4.— tforta dale,— simtoe Coaiitjr (P. 0. Barrie), Ont.— Debenture Offering, On Ju'\ 6 iht |42,0l>o 4% 30-ye8rschool-di6trici bonds described Proposals will be received until Aug. 4 by A. Craig, in V. 77, p. 51, were awarded to Noble, Moes & Co,, Detroit, Connty Treasurer, for $100,000 4% road bonds. for 140 625. Smitli Moantaiu Scti«>oi District, Fresno Coauty, Cal.— B«cklaLd, Me.— Bond SaZe.— This town has cieposed of (to Bond Hiie.—Oa July 13 $-^5l0 6| bonds of this disinot were over fitly local investors, principally in exchange for the eld awarded to the People's Savings Bank of Fresno at 108. bonds) an ieeue of $27,600 3% refunding bonds. Deiomina- Denomination, §500. Date, July 13, 19o'3 Interest, annual. tions, $100, $2U0 and $500. Date, July 1, 1908. Interest, Maturity, $5uO July 13 ot the years 1905, 1907, 1909, 1911 and eemi anijual. Maturity, July 1, 1918. 1913. BoAfiell cN. Hex.) Sehoul District,— Bonds Voted and South Omhlia CNeb.), School District,— Bond Sale,— The -Soid.— This district on July 21 by a vote of 93 to 5 author- $100,000 20-year high-school bonds, offered but not sold on F. S. 4 S. B.Jacobs, Reading ei.o o f I •! I I. due ll-UM oue 1913 I2.i oo due iwi8 ]2,UUU due 1923 12.000 due lfc2a 12.0<..0 12.0' : — THE CHRONICLE. 266 Jnly 14, have been awarded to Trowbridge & Niver Co., Chicago, at 100*514 for 5 per cecta. 8i>eu(er, S. D&k.— Bonds Defeated.— By a vote of 19 for to S7 HKaicst, this town, on Jaly 20, deft^ated a proposition to issue f 5,0( b% water-supply bonds. 8pobane County, WaBh.—Bo/ui Oj^'rinf;.— Proposals will be received until 12 M., September 1, by the County Commissioners, at the office of the County Treasurer, for |300,000 refunding bonds at not exceeding 6$ interest. Denomination, $1,000. Date, Oct. 1, 1908. Interest semi-annually in New York City. Maturity, Oct. 1, 1933, subject to call after Oct. 1, 1913 Cash or cashier's check for d% of bid, national bank and payable to Spokane County, drawn on a requ'red. Q. H. Collin Is Chairman of the^Board of County Commissioners. Tlte official notice of thit bond offering will he found among the advertisemetits elsewhere in this Department. Spokane Coanty (VVatih.) School District No. 102.— Bond Sale. On Jnly 24 an lesne of $2,000 lO-SO-year (optional) bnildiog bonds of this district, dated Aug. 1. 19o8, were awarded to the Spokane & Eastern Trust Co. at 100*50 for 6 Statesboro, tla,— Bond« Not Sold,— The $30,000 5% water light bonds offered on July 1 were not sold. See V. 76, p. 1819. for descriptir^n of bonds. and Samter Conniy, Ala.— Bond ^ecfion.— An O Ore-departmeot bonds. r I ; I R 1212. Trenton, N. J.— Bonds Offered.— This city offered for sale yesterday (July 31) $64,586 ii 10 year paving and $27 OOO if 80-year repaving bonds, with wbat result we are not informed. The first- mentioned issue is the same offered as 3J^ per cents on May 29 without success. Bonds Authorized,— An ordinance providing for the issuance of $3,600 S}4% 30 year school bonds has pacsed the Common Council, as nas also one authorizing $70,000 4% 80-year school bonds. UniontowD, Pa.— Bond* Voted.— By a vote of 470 for to 884 against, this place on July 21 authorized the issuance of $150,000 fnndirg and street improvement bonds. Tan Baren TiWDsbip School District, Wayne Coantj, Mich -Bonds Voied,—by a vote of 41 to 6 the School Board was recently authonz'^d to issue $5,000 school-house tionds. The City Council, YlaeOf Tex.— Bond Election Ordered on July 23, ordered an election Aug. 18 to vote on the ques- — tion of issuing the $500,000 water And the $100,000 electriclight it 30 year bonds mentioned in the Chronicle Jnly 25. Walseubarg, Uaerfaao Coanty, Tolo.- «ond offering, Proposals will be received until 12 M., August 10, by H. M. Setter, Town Clerk, for $60,000 5% 10-15-year water-worka bonds. Date, Sept. 1, 19i)8. Interest, semi annual. Town has no debt at present. Assessed valuation, $4 5.000. — DenomiDation, tl.OOO. Date. Jal7 1, 190S. Interest Mar. 1 and Sept. 1. Maturity, fS.uOVouMar. land '2,w0 on Sept 1 of tbe years 19:22, 19^3. lU2i. Certlfled check for » 1 ,1 00 req uired 4,360 46 Ot Clifton Ave. bonds. C Date, April ?7. 1P03 Interest, semi-annual. 8,3&5t)6 «» W»8b>nB'on & Tel <Maiurity, ooe-flfth yearly. Cerilfled check low SprinvB NEW St. bonas. (for tHw required. ' NEW LOANS. ^300,000 REFUNDING BONDS. .^ealed proposals wili be received by the Conntv ComiDlssion-rs "f Spokane County. Washington, up to NOON, SEPTEMBKB 1ST 190.S, at t^e office of the County Treasurer, li the Court House, City of Spokane, Washington, for $30 .000 refundine bonds Said bonds to be dated October 1st, 1M08, and bear Interest at a rate net ti> exceed 8 per cent, payable semi-annually, principal and interest payable at the fiscal agency of tbe State of Washington in New BANKERS, NEW YORK 3^% Coupon so elect. are issued for the purpose of refunding $&'^.Ouu (<0 of funding b'lnos issued bv the said Conniy November 1st, 1893, and $ 50,000 00 ComrHonse ana .laii bonds. Series 1. dated Ni.v. mber 1st, 1803 Bidders are asked to name the price and rate of Interest ai which they "ili take all or any pnrt of aid b nd*. Ail bids to be marked 'Proposals for CITY Members 4-5 MUNICIPAL, N. Y. Stock Exchange, BONDS. Broadway. Indiana Bonds and Local Stocks if it Bonds." Cash or a Cashier's check Issued by a United States NatiONBl Bank, payable to Spokans County. Wa«h Ingtun. rijusi accompany each bid to the amount of 3 per cent of tbe a-ijouiit bid; same to be fortei'ed to the County in case the bid be accepted and the bidder fail within tne specifled time to comply with the te nis of bis bid. The rigiit is reserved to reject anr and all bids. By order <>t tne Board of county Commissioners. Dated at Spokane, Wash., July 25, Ibo.-i. G. H COLLIN, a ^pecialty. $10,000 OF CORDELE, CITY Sealed bids 0'CLO< K P. GA., 5% BOM>S, to be in hands of the Mayrr by 3:30 I'rlvilege M., AUGUST 5TH, 1903. re"erved to accept or reiect any and For lull information addre.ss K. L. all bids. WILSON. Mayor, WANTED. Western Municipal Bonds, Jackson Boulevard, MEW york. Public CORPORATION Service Corporation 16 36 Denrer. ILL», Chicago. 121 BOSTON. San Francisco. Stanwood 8l Co., Congress Street, Boston. NASSAU 8TREET, NEW YORK. MacDonald, McCoy & Co., aUHICIPAL AMD CORPORMTIOt Co., BANKEUH. Devonshire Street, BOSTON. & tTATE. €ITT & RAILROAD BONUS. MUNICIPAL BONDS. E. C. LIST. BANKERS BONDS. 172 Wa8lii£«ton Street, LIST ON APPLICATION. SEND FOR Blodget, Merritt BOSTON. T. B. POTTER, MUNICIPAL and onMnQ OVJfHUO, STREET, CHiCACO. INVESTMENT BONDS. E.H.ROLLINS & SONS, PUIL.ADEL.PHIA. LA SALLE CLEVELAND. MUNICIPAL 00. bostok. CHICAGO, I7i OENISON, PRIOR & CO. AND OaiCAeO. Municipal Bonds, ROYAL TRUST COMPANY, CHICAGO. Public Securities, FULTON & CO., BUND DEPARTMENT, l(i9 PARSON LEACH & R. F. Cordele, Ga. Cha rman. County Auditor and ex- Attest Z. STEWART. OfBcIo Llerk of the Board of Commissioners. CORPORATION, RAILWAY CO., Telephone 1837 Broad. Ab ve bonds Indianapolis, Ind. HICH-CRADE Bonds. CAMMANN & York City. Said bonds to be In denominations of $1,000 each. In one 8.-ries. known as series "K." payable in twenty yea s. with outlon of the County paying in ten yeiirs INVESTMENTS, J. F. WILD & CO., LOANS. WANTED. Spokane County, Wash., election will be held In this county to vote on the question of issuing $185,000 road bonds. Toledo, Ohio.— Bond 0/r«»"t»fl'.— Proposals will be received until 7:80 p M,, Angnst 26, by G. Bacon, City Auditor, for $297,000 4t refunding water-works bonds Authority, Section 2701 Revsed Statutes of Ohio. Denomioation. $1 000. Date, June 1, 1903. latereet semiannually at tbe Importers' & Traders' National Bank, New York City. Mitunty, June Certified check, "drawn without condition as to 1, 1918. payment," for 5^ of the par value of the bonds required. Accrutd interest to be paid by purchaser. The city tried to sell these refunding bonds on May 11 as 3% per cents, but failed to receive any satisfactory offers. See V. 76, p. 1105. per cents. Springfleld, III.— Bond Sale.— The $165,800 20-year refunding bonds, offered for sale on July 15, have been awarded at par for 4 per cents—$75 000 to the Franklin Life Insurance Co., $80,000 to the Springfield Marine Bank, |25,800 to the IlliDois National Bank and $-'5,0C0 to the Farmers' National B»nk. For description of bonds see V. 77, p 107. Spriogtteld, Neb —Bonds Voted.— Thia town on July 21, by a vote of 82 to 23, authorized the issuance of $8,000 waterworks bonds. Springfield, Ohio.— Bond Cy^winflr— Proposals will be received until 8 P. H., Angnst 4, by Chas, C. Bauer, Clerk of Council, for the following bonds : •15.000 [Vol. LXXVII. BONDS. Z7I La Salle Street, Chicago. 4 State Street, BOSTON. : August THE OHRONIOLB. 1, 1903. J Waller (Okln.) School J)i»tTltt.— Bonds Voted.— Thla dis- has voUd to issue $5,5C0 schoolbnilding bonds. Wapabont^t't. Ohio.—Bond Offering,— Proposa.]s will be received until 12 M., Aug. 17, by Charles E. Fiuher, Village Clerk, for the $11,000 5^ deficiency bonds voted at the election held June 23. Denomination, $500. Date, July 1, 1903. Interest ^emi•annually at oflBce of Village Treasurer. Maturity, I'iOO each six months from Jan. 1, 1905, to July 1, Cash in the sum of $500 required. Accrued 1915, inclusive. interest to be paid by purchaser. Bonds JLu</iori«ed.— Ordinances passed the Village Council oa July 20 authorizing the following bonds trict : Ordluam-o No. flSl— »lfl,800 5* bonds for (.'onstniotlon of main sewer In Sewor Uenomination. $840. Dat*-. Sept. I. i903. MsUnrUy. |C40 onch District No. « •l.x montbs fiom Jan. 1. 1M04, to July I. lUd, IncluKlve. Ordtiianco No. f62— $i,eoo r% Kust Bciiloii St. eewer bouds. Denomination. $830. Date, Oct. 1, l»u3. Maturity, $620 yearly on Jan, 1 from 1904 to Ittow, iuclusWe. Wood St. sower bonds. Donomlnatlon, $»C0. Maturity, .too yearly on Jan. 1 from Ifi-i to iWc. inclusive. Ordinance No. t>54 -».;, 50O 5» Bellcfonialne St. se>ver bond-". Denomination, iMaturlly. liOO yearly on Jan. I from 19 i to iwt*. in$500. Date, Oct.. 1. 1»03. Ordinance No. 6IS—»l.'iOO 6* Date. Oct. M) 1 .s. clusive Ordinance No. 055— $8,500 0* street repair bonds. Denomination, $600. Date Maturity. $600 yearly on April 1 irom 19i>6 to 1911, iuulustvc. 1, 11*03. Oct. Interest will be payable semi-annuaily at the office of the Village Treasurer. Warwick, n. T.— Bond O/Tcrtwgf.— Proposals will be re ceived until 7:30 p M., Aug. 3, by F. C. Gary, Village Clerk, for $33,(100 4% WHter-pipe-line-improvement ooup> n bonds. Denomination, $1,000. Date Oct. 1, 1903. Interest, semiannually at the First National Bank of Warwick. Maturity, 11,000 yearly on July 1 from 1908 to 1930 inclusive. WtttfriovTo, N. Y.— JBond* De/'ea<ed.— This city on July 14 1908, voted against the issuance of |35,826 fire-department bonds. Wellston, Ohio.— Bond Sate.— On Jn'y 21, $15,500 refunding t)onds were awarded to the First National Bank of Wellston Nt 1(0-193 and interest. Denomination, $500. Date, Jnly 1, 1903. Interest, semi-annually at the First National Bank of Wellston. Maturity, $500 July 1, 1908, and $1,000 yearly on Jnlv 1 from 1909 to 1928, inclusive. Whliita (Kan.) Sihoctl mslritt.— Maturity Pf Bonds.— are advised that the bonds recently awarded L. S. Noftz gar and A. C. Jobes, bankers of Wichita, ai 100 10, mature in twenty y-ars without the ten year option mentioned in H We INVESTMEN TS. I fSi the Chronicle July 18. July. and : — WilllamsportCPa ) Scbuul District.— Bonds AtUhorized. —This district, we are advised, has been authorized to issne 10 year bonds. These bonds will be dated Dec. 1903, and will be offered for sale some time in Nov- $35,000 1, 3%i ember. Winston-Salem, N. C.—Bond Election.— An election will be held this month to vote on the question of issnlng $100,000 water and other improvement bonds. Wood Luke, Teilow Medicine loanty, Minn.— Bonrf Sale. —On July 28 the $5,( 00 5% water bonds, described in V. 77, p. 108, were awarded to the Yellow Medicine County Bank of Granite Falls at par. Wooster, Ohio.— Bond Offering. Proposals will be received until 12 M., Aug. 1, by the Board of Trustees of the Sinking Fund at the office of the City Auditor, for $20 000 4% refunding bonds. Auttiority. Section 2701 Revised Statutes of Ohio. Denomination, $500. Interest semi annually at the ffice of the Board of Trustees. Maturity, $5,000 in 1906, — ( INVESTMENTS. 1 INVES TMENTS. Rudolphi Kleybolte&Oo. OF The American Mfg. Co. ninnf dpalities, and Interest i}^i, payable January Wilkes- Barre, Pa.— Bonds Proposed.— An ordinance is before the City Councils providing for an election Nov. 3 on the issuance of $542,000 SJ^"? city-improvement bonds, "Stries Q." Among the purposes for which this loan will be expended are the following Sewers, $158,903 46; street opening, $10,000; retaining wall, $4,177 32; bridge, $20,000; erection and remodeling public buildings, $81,000; fire department purposes, $15,900, and repaying streets, $263 200 19. If authorized, bonds are to be in denomination of $1,000, and are to be issued in 1904,1905 and 1906 on such dates as deemed best by the Finance Committee. Interest, semi-anin each of the years 1910, 1911, 1912 nual. Maturity, $10,0 and 1918, $12,000 in 1914, $20,000 in 1915 and also in 1916, and $25,000 yearly from 1917 to 1934. inclusive. Wllklosborg, P«.—£ond OJfering. Proposals will be received until 2PM., Aug. 8. by Geo. A. Qrabe, Chairman Finance Committee, for $5,000 3^% paid fire-department bonds. Denomination, $1,000. Date, Nov. 1, 1901. Interest, semi annually at the fincal agency of the borough. Maturity, $1,000 yearly on Nov. 1 from 1922 to 1926, inclusive. Bonds are free from State tax. Certified check for 10$ of the par value of the bonds r* quired. VESTMENT BONDS Railroads 267 BANKERS, Corporations, DEALERS IN Suitable for SavlnKS Banks. Estates, Trust Ponds and conservative private investors. MUNICIPAL, RAILROAD and MANILA SISAL AND JUTE Write for Circular. STREET RAILWAY CORDAGE. MASON, LEWIS & CO. BONDS. BANKERS. Boston. Cblcago. Pbtladelpbla. 63-65 Wall Street, New York Interest Paid on Daily and WE OFFER RAILROAD /. antd B. MUNICIPAL BONDS Wm. Mlddendorf li. Pres. A. H. Bntberfoord.Treat Williams, Yloe-I^es. H.P.Page, Secft Auditor B. C. Hathaway, Qeneral Manager. Perry, Coffin Deposits^ & Burr, Co INVESTMENT BONDS 60 State Street, Bxvourrvn orvioxa CONTIHENTAJL TRUST BUILBIMG, 6^. Time , Railways and Light of America, For Conservative Investors At Prices to Net 4^ to NASSAU STREET, NEW YORK. 1 BOSTON. BALTIMORE, MD. Send for Special Circular. WHITE & C. H. 81 Liberty St., Finances, Bnllds, Purchases Electric Railwayi Bieotrlo Lighting Properties, Waterworks, lo« Plants, etc. Bzamlnations made and reports fa alsbed on all classes of Indnstrlal properties. CO. Correapondence Solicited The ^Tew York. of Philadelphia, Incorporate Laws more in Charters obtained promptly. Total! cost $55 00, Indndlne fees. Fall Information and bigbestireferenees fnrnisbed. Address UNITED STATE!* INCOBPnUATING CO., Phoenix, Arizona. P. O. Box 634. Capitai Stocli, $2,000,000 Surplus &UndlTld. Profits, $1,000,000 This • • Company undertakes the negotiation and and capital of Companies on the New fork or Philadelphia Market, and will make advanses upon approved Corporate, Personal or Reai (ssne of loans Under Banker and Broker, BROADWAY, Memoer - - NEW YORK. N. y Consolidated Stock Exchange. BON DM AND STOCKS Bcrncht and Mold for Cash or on marsln. _ „ Correspondence invited. ^ Telephone 8886 CorUandt BstabUshed , 1888. its R. T. Wilson BAJTKEBS .^3 ft P. Munn, M.D., President, Finance Committee: Leather JAMES R. PLUM CLARENCE H. KELSEY, Pr.Tit.Guar.&Tr.Co. WILLIAM H. PORTER,Pre8.Chein. Nat. Bank Aotivpi and sncceseful Agents who desire to make DIRECT CONTRAOTS with this well- and pi otfresslve Company, thereby securing for themselves not only an immediate return for their work, but also an increasing annual income commensurate with their success, are Invited to communicate with RICHARD E. COCHRAN. 3d Vice-President, at the Company's Office, 277 Broadway, New estahlisUi-fl charter rights it will act as Trustee A.gent or Manager for tne control of corporations o' for the construction of public or private works. H. Smith, States Life Insurance Co. THE CITY OF NEW YORK. John Nortb American Bldg., Philadelphia, estate security. 66 IN Arizona. than elsewhere; stock nonassessable: meetiniis can be held!, .any where; all stockliolders and officers may be non-residents. liberal Fred. The United Company Investment 1903. 1850. 6c Co., COMHISBIOR MSBCHAHTB Wall Street. Mew Terk. York City. Assets, over $8,600,000. Insurance in Force over $45,000,000. — THE CHRONICLE. 268 and fi.OOO in 1907. $5,0C0 in 1910 old bonds above. $5,000 in 1913. ?82.00o Siini- See call of tan Bnnds. .„ W. J. Hayes & • Sons, Cleveland Seaxoncood * MaTer, Cincinnati Firemen's Pfusion Kuiid Hollar ShvIdcs * Tru^t Co., Youndstown.. Spltzer A Co Toledo Keder, Holzman \ Co., rinolnnatl Stale siavinuB Bank ''o, Toledo Wyandotte, Mich.— Bond Election.— This city will vote on the >iae.«tlun of iesainjj $80,000 sewer bonds, probably some time in September. Wyandotte Coanty, Ohio.— Bond Sale.— Oa July 80 the $36,000 6» road bonds mentioned in V 77, p. 108, were awarded to the Mant firld S ainers Bank for $36,050. Yakima County (v^asb.) Sihool District No. 7 -Bond Q/Tf "np.— Propceals wiH be received nnttl 10:80 A. ii., Aug. 8, by E G. Peck, County Treasnrer, for $?8.f0) 10 2n-year (optional) bonds. Interest mnst not exceed 4 per cent This district contains within its boundaries the city of North Yakima, the county seat of Takima County. B-mded debt, including this i.-sne, $67,000. Floating debt, |18, 768, Assessed , New KirstNa t 11,650 tS.flOS 00 tN8!) 8S 8S,434 40 ?>,;{ 7 50 SS.SJii no 23.307 76 88 3 lo 00 )!8,880 22,ti60 Sons. + 00 00 Awarded 47600 3,553 00 3,615 00 478 00 to SeasonKOOd to tbe Flremea's Pension Knnd. 5)t East Wood —The City Council & Mayer. has authorized the Street assessment bonds of $331 each Maturity, $3a'>> 1 from 19' «^ to 1910. inclusive. of t2»B each. Maturity, $285 . vearly on Oct. 1,425 6f Lincoln Avenue assessment bonds yearly on Oct, I from 19i»6to 1910, lncluf>lve 1,650 b% Division Street a»>'cssment bonds Denomination. $310. Maturity one bond yearly on Oct. 1 from iHCOto ino. inolusive. 2.050 6% Kajcii Avenue assessment bonds Maturity, one bond of $410 yearlv on Oct. 1 from IwOC to IWlO, inclusive. Interest will be payable semi-annually at office of the City Treasurer. Bond Ordinance Defeited.—The City Council on July 20 defeased an ordinance providing for the issuance of $125, OOO fi:tration-plant bonds. g 31.2 bonds at this time. Toui>g8iowD, Ohio.— Bond OjTe^tng.— Proposals will be received until 2 p M., Aug. 24 by Wm. I. Davies, City Clerk, for the following bonds sellii : matarlDK 12.500 yearly on Apr. $3.-61 00 28,SH0 00 Kunn » Sons, CinclnuatI •Awarded to W. J Hayes & Awarded Gar. J476 Haye* Ave. Bd», ««,6 b'loe Builds. $88,800 1>0 23,681 Oj : > (city's proportion), iKOfi to 1915. inc'uilve. Bauk, Columbus Bondg Authorized. following bonds — U6.COO 51 street bonds ii.nal Weil, Koth &Co.,Cinciiioail P. S. BriifKS 4 Co., Cincinnati S. VBluatlon 1903. $1,797,257. York, Pa. Bonds Authoi^ed. An ordinance has been passed authorizing the iesnance of $400.^0 83^* sewer bonds. Local rf ports state that the sewer oonstiuctiun will orobably be delayed until next spring on account of the difficulty in from [Vol. LXXVII. 1 10.250 6« dtre^'-cl-MDiug bonds, maturinK $1,085 yearly on Apr. 1 from 19C6 to 19)5, tnclasive. 5.000 6» cros-wal« bonds, inataring tl.OOO yearly on April 1 from 1906 to lOo Imlusive 2,S00 fi^Kcneral sener bonds, mnturinfc t^O yearly on April 1 from 1906 to lUl' inchiS'Ve. 4.SO0 B« w>c« Avenoe pavine (leflcit bonds, maturing I860 yearly on Oct.l from lyt'4 to 1908. inclnsjve STATE AND CITY DEBT CHANGES. , Ufass.— Judson W. Hastings, Eampden County. Wtien I>ue. Sinking fund LOANS— Agnwam. , wam is Aga- Treasurer. in certified check or at the office of the City Treasnrer. for 2% of the amount of bonds bid for mast accompany proposals, which must be made for each block sep- $9,437 Notes foe Schools, Net debt Apr. 1, 1903.... 32,563 Roads, Bridges— Tax valuation, real 1,282, 53!i 48, J & D, $25,000.. ..Junel, 1914 Tax valuation, personal 194, 1 22 19031904 Total valuation 1902 48, J&D, 2,000 1,4^6,667 Property assessed at actual value. ($1,000 due yearly on June 1.) June 1, 1905 Tax (per $1,000), 1902 48, J&D, $5,000 $15-00 3^8, M&N, 3.000... May 1, 1910 Population In 1900 was 2,536 4,(00...Feb 20, 1912 Population 1890 was 3\8, ..... 2,352 Julys, 1912 Population 1880 was 3?»8, JAD, 3,000 2,216 arately. Total debt April Bonds are dated Aug. 31, 1908. Interest will be payable semiannually at the office of the City Treasurer. Pur chasers mnst be prepared to take the bonds not later than August 31, the money to be delivered at one of the city banks Town . A Bond SaZfs.— On July 27 the following bids were received for the three issues of 5% bonds describe! in V. 77, p. 108. INTEREST 1, is paid in Boston; on all others at SpringUeld. MISCELLANEOUS. INSURANCE. o ik.i«.ft. •I 1903.. .$42,000 on notes due in 1914 HE GRAND PRIX ATLANTIC MUTUAL INSURANCE COMPANY, .^ I New The Trustees, York, January 20tli, 1903. Oonformily vrith Premiums on Premiums on the Charter of the Company, submit tht foUowmg statement of affairs on thes'St of Decembtr, igo3i Marine Risks from Ist January, 1902, to 3lBt December, 1902... $3,293 079 76 Policies not marked off 1st January, 1902 791,851 53 Total Marine Premiums t»i its Premiums marked PAPERS. They are the only American papers which have ever received this— the highest honor thai can be conferred It means they are the most perfect made. Insist on having them for your fine correspondence and Tonr office stationery. Are you nsins whitlnp's J^edger Papers in your Blank-Book*. Samples and boofelei free. WHITING PAPER COMPANY, HOLVOKE, MASS.. And 150 DuANE Street New York. - off from 1st January, 1902, to SlstDeoemlier, 1902 $3,284,527 73 -_^^____ $293,165 92 122,523 04 $415,688 96 — Interest received during the year " " " Bent less Taxes WAS AWARDBD AT THI PARIS KXPOSITION TO WHITING'S STANDARD $4 0^4 931 29 paid during: the year whioli were estimated and previous years $288,529 63 Losses occurred, estimated aud paid in 1902 1,258,611 19 Liosses In 1901 $1,547,140 82 Less Salvages Re-insurances Eetums of $118,295 96 83,905 68 Premiums and Expenses, $477,850 08 $1,344,939 18 The Company has the following Assets, viz.: United Btates and state of New York f»toch; City, Bank and other Securities $5,391,199 00 Loans pecured by Collateral, and special depowits in Banks and Trust Company 1,497,088 76 Real Estate corner Wall and William streets, cost $2,667,000 Advanced on account of Real Estate and Lien held thereon 300,000 Other Real Estate and Claims due the Company 75,000 3,032,000 00 Premium Notes and Bill Receivable Cash in the hands of European Bankers to pay losses under SECURE BANK VAULTS. 202,201 64 1,058,489 37 policies payable In foreign countries 188,675 59 262,607 84 Cash in Bank Amount GENUINE ITELDED CHROME STEEL AND IRO^ Boond aad Flat tsar* and 6-Ply Platei and Anith FOR 8AFB8, VAULTS, Oacnot be Sawed, Cut or Drilled, ftc. and potitlvaly Burglar Proof. $11,430,060 56 Six per cent interest on the outstanding certificates of profits will be paid to the holders thereof, or their legal r. presentatlves, on and after Tuesday ,"the third of February next. Tiie outstanding certitlcates of the issue of 1897 will be redeemed and paid to ihe holders thereof, or their legal representatives, on and after Tuesday, the third of February next, from whloU date all interest thereon will cease. The certificates to be produced at the time of payment, and canceled. A dividend of Forty per cent Is declared on the net earned premiums of the Company tor the year ending 3 Ist December. 1902, tor which certificates will be issued on and after Tuesday, the filth of May next. By order of the Board. G. CHRUME HTEEL WORKS. Kent AtOm Keap and Hooper Bt«., BaleMan'f'eriinthe C.8 BROOK. L.V M, H. V EWALT) FLEIT.MANN, QDSTAV AMSmCK. W. H. H. MOORE, LEVI P. MdKTON, CLEMB.NT A. GK19COM. JOHN N. BKACH. HENRY PARISH, FRANCIS M. BACON, ANSON W. UAKI), FKEDEUIC A. PARSONSWILLIAM BOULTON. JOHN D. UKWLKTT, VEKNON H. BKOWN. LEWIS CAeS LKDVARD, DALLAS B. PRATT, WALDKON P. BitOWN. GEORGK W. QUINTARD, FRANCIS II. LK(i(;KTT, JCSKl'H H. HAPMAN, CHAKLKS LKVEKICH, A. A. ItAVEN. GKOKGK CLARK. LEANf>KR N. LOVBLL. JOHN L. RIKBR, DOUGLAS K0BIN80N, GKOKGK H. MACY, JAMES (J. T)K FOItEST. WILLIAM K. DODGE, GU8TAV H. SCHWAB, CHAKLES H. MARSHALL, WILLIAM C. 8TDRQES. COKNEUUS KLUKRT, CORNELIUS ELDERT, sd Yiee- ^res't. A. A. RAVEN, Presidfut. THEO. V. JOHNSON, jd Vice-Fres't. F. A. PARSONS. Vice-Fres't. rt. I>. ( JOHN M.GILLESPIE, No. 513 Atlantic Baildln^, 49 51 Wall Street, NEW YORK Kansas Municipal Bonds BouKfat and Hold. 1). H. MARTIN, Topeka, Kan. Secretary. TRUSTEES. . Atlantic ItlDtQal Insaraoce Company Herlf •r All Year* Boaffht and gold. Room STANTON FliOYD-JONES, C- VICICER8 A PHELPS, New York. INTEHTMEHT BROKERS, RIGHMBT GRADE RAILROAD 29 Wall Street BON DS. TEXAS MUNICIPAL BONDS. This issue has been approved by the AttorneyGeneral, and registered by toe State Comptroller. Write for price and HARRY B. fnll particulari. POWELL & Woedstoek, Vermont. CO.