View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

firanrial
flmntfrna
Supplement

Quolalioii

Street Railway Supplement

(Mont%)

Investors Supplement (Quarterly)
Entered aocordins;

VOL.

to

Act of

Con,i,'ross, In

tUo your 1903, by

Stale and City

William

B.

Supplement (^emiAnmiaui)

DA>rA Compant, in the oIUco of

SATUKDAY, AUGUST

77.

t^enuAnnuaii^

L,lbrariiin of

Congress, Washington, D.

(J.

NO. 1990.

15, 1903.

Week ending Augiist 8
OUarings at

Inc. or

1902,

1903.

1901.

Dec.

1900.

PUBLISHED WEEKLY.

—

Terms ol Subscription Payable in
tor One Year
For Six Months
European Subscription (includiui; postage)
Kuropean Subscription Six Mouths (inolndlng postage)

Advance
$10 00
6 00
13 00
7 50

Annual Subscription in Iioudou (including postage)
£2 14s.
Six Months Subscription in Loudon (Including postage)
£1 lis.
Above stibscription includes —
Bane and quotation Supplement
Stkbet Railway Supplement
intestobs' supplement
state and city supplement

Boston
Hrovidenoe
1

iartlord

New HavenWorcester
SprinuUeld
I'ortlaTid
Kail Kiver

Lowell
New Bedford

Uolyoke

1

Total

New England.

+6-8

8

765.578
500,005
413,639
283,202

98,749,101
5,523.400
1,938,091
1,228,065
1.100,642
1,228,848
933,697
524,673
503,73»
363,868
239,759

-i-6-4

145,587.750

112.333,871

154,822,234
18,970.100
14,093,630
11,303,025
0,846,840
4,917,896
4,207,150
3.679,730
2,595.256
1,523,727
1,662.582
995,788
696.500
623,823
551,508

+0-3
+14-6
+6-2

475 242

+38 3
+42-8
+7-7
+10-7
+18-0
+35"o

135,007 376
16,995,000
14,061,730
14,960.182
5,923,912
4,420,802
3,157,050
3,223,441
2,100,000
1,300.000
1,108.056
837,274
526,500
541.575
441.598
470,868
495,525
325.526
300.358
284,802
253,686
252,828

115,043,655
13,565,150
12,563,215
10,926,828
5,103,357
2,945,679
2,405,100
2,373,276
1,951,567
1,148,498
900,963
778,732
485,100
448,258
268,158
395,326
465,051
262,06^
235,635
254,992
160,442
235,000

16-8

79,000
171,319

23 8

15:5,196

60.000
139,276
140,000

125,212,941
6,040,500
2,013,06
2,019,518
1,584,090
1,421,553
1,590,93
687,817
434,257
507,511
493,533

117,669,052
5,657,200
2,635,297
1,535,851
1,639,141
1,460 064
1,158,501
804,761
518,445
410,157

142,605,714

134,018,410

155,227,332
21,741,000
15,608,250
11,414,367
6,923,001
6,172,827
4.626.100
3,520,397
2,710,493
1,992,327
1.602,858
1,133,814
620.100
072.702
755,224
657,420
484,948
597,837
363,308
424,472
393,423
374,260
319,209
251,507
243,465

...

+3

1

—0-8
+30-2
—3-4
—2-7

130,086,275
6,077,800
2,108,690
1,447,260
1,4^9,735
1,334.934

+373
— 145

1,140,6:17

—162
+23
—19

329.;i41

|

Terms

ot

Advertising

—Per

Inch Space

Chicaeo

Transient matter per inch space (14 agat« lines)

(Two

Months

Three Months
Six Months
Twelve Months

$4 20
22 00
2'J 00
50 00
87 00

(8 times)
(13 times)
(26 times)
(52 times)

LONDON AQENIS:
Edwards &

Messrs.

I'oBt

Smith, 1 Drapers' Gardens, E. C, -will take subof the paper at Is.

and advertisements, and supply single copies

Roriptions

TFIIiLIAITI B. DANA COmPANlT, Pabllsliers,
Fine Street, Corner ot I'earl Street,
Office Box 958.
NEW YORK.

CLUAHIA'G

ROUSE RETURNS.

Jiew York.
Philadelphia.

Baltimore
Chicaeo
Su Louis
New Orleans

Seren cities, 5 days.
Other cities, 5 days

Total

The

all cities

97,823.931
75,537,520
19.583.238
127,095,074
39.109.313
8.056.241

+240
+16-1
+8-2

gl.447,238,076
249,861,411

-7-4
+11-3

$1,618,208,304
851.098,623

Iday

All cities,

—14-2
+5-0
-H>5
-8-7

161,080.032,159

278,097,461

$1,697,099,487
397.025 531

—11-6

$2,094,125,018

— U-0

*1.340, 110,843

5 days...,

all cities,

P. Cent.

1902.

$927,288,978
102.750.200
80,451,506
17.872,830
137,009,465
45,423,994
8,713,864

Boston

Total

1903.

for week.-

£1,969,306,927

week covered by the above will be
given next Saturday. We cannot furnish them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
be in

full details for

all

the

cases estimated, as

we go to

press Friday night.

We present below our usual detailed figures for the previous

week, covering the returns for the period ending with Saturdaj; noon, Aug. 8, and the Jesuits for the corresponding
week
1902, 1901 and 1900 are also given.
Contrasted with
the week of 1902 the total for the whole coimtry shows a gain
of 7-0 per cent. Outside of New York the increase over 1903

m

IS 9-6

Week ending August
190a

Buffalo

Washington.
Albany

...

Rochester
ytlca.

Scranton
Syracuse
.Wllminirton
Wilkes Barre

Whee.ln«„
Chester

i^e

fcYanklln,

1902.

Pa

Total Middle

...

Uayton
KvansvUle
Akron.
Springfleld.

Ill

Youngstown
Kalamazoo
Lexington
Canton
Hockf ord

90,103

Mansfield
Jacksonville
Jackson.

1900.

1.249.434,101 1,185,448.010
111.254,290
93,268.516
40.796,079
40.102,380
22,045.779
19.871.801
6.258,565
5,722,829
4.067.826
3,380,753
4,024,470
3,851,675
2.667,624
2,090,802
2.S03,231
2,594,350
l,039,3rt3
1,109,452
1,372,527
1,185,087
1,265,768
1,208,579
1.010,396
751,995

+5-4 1,149,008.358

+193
+15-2
+10-9
+9-4
+20-3
+4-5
+27-6
+8-1
+47-8

79,206.084
81,440,791
19,874.449
5,663.232
2,353,912
3,055.720
1.837,267

-I-15-8

+4-9
+34-5

l,45S.215.i]ls 1.362.v;47.4>ti

1,080,782
1,045,903
1,137,216
729.931
636,586
319.10U

813,904
905,817
857,747

6 ,144, 361

Seattle
8alt Lake City

4,

672
3 491 045
2, 400. 883
2,,663,1

Portland

Spokane

Tacoma

,

Helena

-Ki-« 1.297.951.097

795.7ti2.650

1 ,558. 18:^
432, 564

2,804.240
1,832,817
1,190,715
585,4
439.879
273.55U

,

227

SioiLX Falls

-Minneapolis

,

Omaha
Paul
Joseph

,

,

Denver
Des Moines

,

Sioux City

Topeka
Davenport

51,057,473

—4-3
+4-4

+30'

—3-6

+139
-11-0

+79
+37-0

+01

—100
+38
28-3

20,858,794
11,689,71
6,550.140
5,104.886
4.359,043
3.784 328
2,447,653
1,195 837
1,140,086
980.75
506,410
476,949

12.214,280
6,635.773
4,937,458
4,300.000
5,064,345
2,151,054
963.871
1,249.777
l,02U,:j66
571,U0-<

\Vichita.

480,452
174,193

Colorado Springs

Fremont
Total other West'm
St. Louis
New Orleans

63,427,636
43.834,913

Louisville

10,142,063
5,656,844
2,641.000
3,939,093
2,215,775
2,712,856
2.192,762
2.573,90
1.453,113
1,400,000
1,073,775
1,068,517
709.258
745,115
555,000
800,000
390,000
552.949
717.392

Houston
Galveston

Richmond
Savannah.

Memphis
Atlanta
Nashville

Norfolk

,

Chattanooga
,

Jacksonville
Charleston
Total Southern...,
Total all
Outside New York,

,

10,315.28:

14.5,7

2,036,933
1,892,954
1,680,672
1,318,021
1,859,475
965,356
675,165
605,320
777,559
562.000
515,000
325.000
350,729

173,275.320

+29-3

21,011,600
2.547.525
2.599,249
3,684.186
2,290.490
1,117,404

—16-9
+20-6

605.24
331.098
210.095

18,126,095
2,492.303
2,916,643
1,817,380
1,700,000
951,765
1,010,931
842,744
240,228
125.151

35,426,115

30,223,305

+13-4

17492.';

16,160,162
8,788 863
5,546,530
a,620,536
4,420,571
4,897,621
1.285,296
950,276
893,367
855,382
499,659

1

-fl4-5

—33

'6

+245
+310
+30
—20

9

1,029,221

1

—52

9,810,';

6,134,719
4.662,784

—33

-1-4
+3-4

5.3,56.517

+0"

4.722.178
1,281.299
1,003,831
1,081,501
958,034
503,454
028.517

+20-0
+7-1

53,784,114

48,279,906

36,784,204
7.410,318
7.327,650
3.500.000
2,749,500
2,689,186
1,945.738
2,180,334
1,644,123
1,580,929
1,427,729
1,161,278
804,51
588,265
634,261
532.593
516,000
455,525

30,042,192
6.919,328
0,424,982
2,400.000
1,953,000
8,206,806
2,595,047
1,824,080
1,379,819
1,234,255
1,234,610
927,927
689,895
464.122
697.193
430,571
570,000
388,605

374,318

217,602

— 12-1

—19-4

+9

6

-I-4-4

+128

59,246,yyB

2,090.>)81

207,531,946

+32

98

42,293,712
8,913,818
9.116,593
5,000,000
1,774,500
3,752,999

80.279

+3-2

42,332,970

23,656.2'

,

Kansas City

Macon

-1-100

,

Total Pacific

+10
--15-7
--11-3
--13-1
--48-9

--498
+7-4

+332
-1-15-8

+53

1

+10-2

-24"
+112

+58-2
+17-2

—12
+55-3

161.77'

135,703

-1-20-0

+57-6

Not include d

in to tal.

98,002.222
86,506.487
2,050.431,729 1.916,137,825

+13-3

74.506.088

63,600.034

+70

1,814,787,107

.223.445.146

800,997,65^8

730,689,285

+9-6

665,778,749

555,659,041

19,449.841
12.915.176
4,305,312
2,184.278
2,161,613
1,851,156
1,472.349

19,147,951
10,129,817
3,575,903
1 ,705.063
2.252,:M1

+1-6
+27-5
+20-1
+28-1

16,899,251
10.203,979
2,018,307
1,800.000

13,407,909
8,404,345
2 076.456
1,403,521

l,5:W.5li7

+20-7

1,096.111

--34-3

1,481,041
1,015,780

1,020,516

1,1:37,158

610.159

1,127,119
842,186
645.364

48,091,754

Canada—
Montreal
Toronto

Winnipeg

,

Halifax
,

tJuebec.
312,700
237.178
323,852

4.025,:iS7

417, II

Fargo

St.
St.

491,:24i

,

Ottawa

311.213
250,553

22,608,079
4.651,209
3.921.619

29 ,230,

San Francisco
Los Angeles

Beaumont
667,788,105
70.780,560
25,668,203
17,268,890
4,832,451
2,220.807
2,136,514
1,543,992

82

Ann Arbor

Total Mid. Western

+10
+1-1
+25-5

231.784,979

202,63:

Knoxville

1901.

Dec.

484.218
418.812
337,130
383,091
333.231
276.578
357,499
181,254
208.153
163,745
70.23

239.123,46u

O

Bloomington
Quiney
Decatur

Little Rock.

Inc. or

758,818
665,329 +14-1
482,400
346,200 +39-3
401,107
315.613 4-27-3
531,614
330.085 -I-53-0
4.33 19? Xot include d Into taU
269.011 Not include d in to tal.

Blnfihamton
Breensburg.

feorla
(jrand Rapids

Augusta

8.

$

New York

Columbus.
Toledo

Fort

—

Philadelphia
PlttsbuTKh.
Baltimore

Uetroit
.Milwaukee
Indianapolis.

Worth
Birmingham

per cent.

Clearings at

Cleveland

Springfield.

The following table, made up by telegraph, etc., indicates
that the total bank clearings of aU the clearing houses of the
United States for the weeii ending to-day, August 15, have
been $1,969,306,927, against $3,050,431,729 last week and
12,094,125,018 the corresponding week last year.
Cltarings— Returns by lelegraph.
Week Endino Au-gust 15.

Cincinnati

,

Vancouver.
Hamilton.

John
London

,

St.

,

Victoria

,

Total Canada

,

—40
-86-4

695,:iJ9

1,003.339
700.00U
602.419

--12-4
- -20-3

890,294

+41

676.923

083,908

42 356,683

+13-5

35,740,964

28,596,391

-

736.471
863,165

THE CHRONICLE.

320

THE FINA NCIA L SITUA TIO N.
character of the Wall Street market has wholly
changed thla week. The tone has greatly improved,

The

[Vol. LXXVII.

Other things happened to complete the discomInstead of a very bad monthly
fiture of the** bears."
Agrlcaltural Bureau at Washcrop report from the
ington, the report proved fairly satisfactory. One of
the members of the Rockefeller family was quoted as
saying that the Standard Oil people were not at all in
favor of lower prices, that securities were selling
greatly below their Intrinsic merits, and that he
looked for a sharp upturn In the near future. The
foreign exchange market continued to decline, lead-

and there has been a sharp upward turn in prices.
Indeed the upward movement has been hardly less
striking than the previous downward turn, and the
transformation Is all the more noteworthy as it came
wholly unexpected and with surprising suddenness.
The market closed on Saturday of last week in a more
gloomy condition than at any previous time during ing to talk of early Imports of gold. Then the deal
the whole prolonged period of decline in prices. After between the Eock Island and the Seaboard Air Line
the appearance of the Clearing House bank state- was announced, showing tiiat despite the long conment on that day, bjar operators professed to be tinned depression, railroad activities had not been
In the case of Reading stock, rumors were
greatly alarmed over the fact that the return showed crippled
a further increase in loans, whereas these opera- current of an early dividend on the common stock of
rumors which were plainly without
tors had been insisting that there should be contrac- the company
that by the closing out foundation, but which at all events served to direct
tion—contraction of course so
of loans they could cover their outstanding short attention to the great prosperity which the anthracite
They accord- coal roads are at present enjoylDg.
contracts with the stocks thrown over.
All this made the bears thoroughly alarmed, and
ingly made a savage onslaught oa prices, with the
weak and a they began to cover their short contracts, with the
result that the market closed exceedingly
genuine feeling of anxiety spread through the whole result of pushing up prices In all directions. As they
commuulty. The afternoon papers that day and also became more and more uneasy, one stock after another
the mornlDg papers Sunday and Monday were filled felt the Influence of their buying, and violent advances
with predictions of more failures the present week. occurred. The result at the end of the week is
So confident were these predictions and so wide- that prices for leading stocks are up from 7 to
spread was the feeling of anxiety as to the outcome, 12 points, and that the feeling with reference
assuring
than it has
that from all the leading summer resorts representa- to the future is more
enjoying their been for many weeks past. A noteworthy feature has
tives of financial interests who were
vacations hurried home to be at the scene of action been the buying of securities In small lots, people of
moderate means having been attracted to the market
when the worst should occur.
Those engaged in forcing prices lower came down by the low prices which have prevailed. It is not yet
Monday morning perfectly serene, prepared to con- clear whether there has been extensive buying by
But evidently some- large financial and banking Interests, or whether the
tinue their work of destruction.
thing had happened between Saturday afternoon and advance in prices must be regarded as due mainly to
Monday morning. What that something was has not buying by the extensive short Interest which has
transpired, but ramor has it that large blocks of stock existed so long.
held In weakly- margined loans were taken over at
At all
private sale by leading financial interests.
The alliance effected this week between the Rock
events, while the market opened In an utterly demor- Island-St. Louis & San Francisco Interests and the
alized condition, the efforts of those bent on securing Seaboard Air Line Riilway Company evidently marks

—

further declines did not prove to ba entirely successIn the case of Canadian Pacific shares, indeed,
ful.

which had shown remarkable strength on Saturday
face of the general

decllnej parties

property actually

came

to daze the bears

— and

higher

than

at

in

interested in the

to its support

— which seemed

the stock opened 2^ points
Saturday, and
the
close on

within a short time advanced several points more.
At this time a shrewd observer, cognizant of conditions prevailing, was heard to remark that If by any

something should occur to cause a panic
among those who had been so persistently forcing
values down, prices would rush up with a celerity
that would be in proportion to the previous decline.
Something |akin to this actually happened. Ic cannot exactly be said that operators for a decline have
become panic strickeuj but they have been led to
think that prudence was the better part of valor and
have made an effort to find cover. The support extended to Canadian Pacific stock was followed— very
chance

—

inopportunely for the bears by the announcement
that the Canadian Pacific management had Increased
the dividend on the company's shares from a basis of
5 per cent per annum to 6 per cent per annum. At
the same time there came the company's preliminary
income statement for the year, with its noteworthy
exhibit of prosperity.

an Important step in the railroad world. It adds another system of considerable size (the Seaboard Air
Line comprises over 2,600 miles) to the vast aggregate
of mileage now embraced in the Rock Island combinaThat, however, is the least Important part of
tion.
the matter.
A result of more consequence is that it
definitely locates the Seaboard Air Line under the
wing of one of the larger systems. Mr. John Skelton
Williams created the Seaboard Air Line. He developed it into an important system out of a lot of separate
and disconnected pieces of road. The policy throughout has been an aggressive one, always presenting
the possibility.
of

damage

If

perchance It should be carried too far,

to the other railroad interests in the Sonth.

This possibility It wodld seem has now been removed.
Whether or not the Rock Island people get actual and
positive control of the roai through the places assigned their representatives on the board of directors
and In the voting trust, It seems at least safe to assume
that they will hereafter be the dominant party in the
administration of the property. This disposes of the
Seaboard Air Line as a free-lance. It follows that
hereafter it will be necessary to consult one less inRailroad control there Is already
terest in the South.
closely concentrated and this latest move will tend
to further strengthen the

part of the country.

railroad situation In that

August

THE GHKONICLB.

15, 1903.]

321

The precise nature of the arrangement by which on August Ist
Rock laland-St. Loula & San Francisco interests have would appear

The

general conclusion, hence,
to be that, barring future unfavorable
1901.

gained accession to the Seaboard Air L\ne manage- developments, we are likely to have satisfactory grain
ment has not transpired; bat it is easy to see how crops this year, but not as large as the phenomenal
the two properties can be worked uader identical crops of the preceding year.
management to the advantage of both. The Rock
As noted above, an Important event of the week has
Island combination as it exists no w can hardly be rehomogeneoas confederation, spreading out been the increase in the dividend on the stock of the
garded as a
This has been a surprise
as it does over such a large part of the United Canadian Pacific Railway.
States.

One

is

also

sometimes
is
mileage

prompted

to

not
becomthe
inquire whether
large as to make the aggregation unwieldy.
ing so
But at all events the Rook Island through its previous
acquisitions had already been carried east as far
as Birmingham, Ala., and the Air Line system (which
has jast reached out toward Birmingham) merely
lerves to carry the combination further on to the seaWith the Air Line within its domain, the
board.
Rock Island combination extends from Minneapolis
and St. Paul in Minnesota, Watertowa ia South
Dakota, Danver in Colorado and the Mexican border,
all the way to the Atlantic seaboard, and the lines on
the Atlantic reach practically all important points on
the coast from the Southern end of Florida to Norfolk, Richmond and Washington.

The monthly

report of the Agricultural

Bureau

at

to operators for a decline
it

the general

public.

The company, however,

preliminary Income statement for the

fiscal

in its

year ending

June 30 1903 reveals such a splendid record of prosperity that the step must be regarded as fully justified.
The dividend has been increased from a semi-annual
payment of 2^ per cent to 3 per cent that is, the
stock has been raised from a 6 per- cent basis to 6 per
cent.
The traffic and earnings of the system have
been expanding in an even more noteworthy way

—

than in the case of railroads In the United States.
For Instance, gross earnings the late twelve months
were 143,967,373, as against only $37,603,054 in the
twelve months preceding and but 130,855,203 ia
1900-01.
In other words, in two years gross revenues
increased over 18 million dollars, or nearly 45 per
have
cent. The income account for the twelve months ended
June 30 1903 shows a surplus above fixed charges and
dividends on the preferred stock In the large sum of
$8,621,460, while the call for the 6^ per cent dividends
paid (3 per cent now declared together with 2^ per
cent paid at the previous semi annual period) was
only $4,647,600, leaving a balance over and above the
dividends of almost four million dollars— 13,973,960.
Counting a full 6 per cent dividend on the $84,500,000
of common stock now outstanding, the call would be
$5,070,000, as against the $8,621,460 available for the
purpose on the operations of the late twelve months,
leaving even on that basis a surplus balance of over

Washington, issued on Monday of this week, Indicates
that our grain crops are developiag as satisfactorily as
It ia evident that the corn crop,
could be expected.
like the cotton crop, ia Ute; but it is equally plain
that the yield will be large (though not up to the extraordinary corn production of the previous season),
unless an early frost shall occur and damage a con>
siderable proportion of the crop. Whether such a frost
is to occur is not within human knowledge at the present time, though it is proper to state that as the
temperature has been unusually low so far this season
the possibility of an early drop to the freezing point
would by the law of compensation appear to be cor- three and a half million
respondingly diminished.

on the Stock Exchange, and

has also been rather unexpected by shareholders and

dollars.

The Department makes

the general average of condition of corn for the whole
country August 1st 78 "7, or only a trifla less than on

The Central

of Georgia Railway

Company

also aa-

nounces an Increased distribution. Ia this ca&e the
July 1st,
when the condition was given as matter is not so important, as the amount involved is
79 4. Every one knows that the Department is not very large. Still it Illustrates the favorable situnot prone to over-state results, and hence the ation of the property.
In brief, the company will pay
claims of operators for a decline on the Stock the full 5 per cent this time on the $4,000,000 of firsts
Exchange that the crop had undergone material preference Income bonds as against only 3 per cent in
deterioration during July are effectually disposed of. the preceding year.
Dividends on these incomes have
At 78 7 for August 1st this year comparison is with been rather irregular, and the present makes only the
86 6 on August 1 last year and 54*0 August Ist 1901. second occasion when the full 5 per cent to which the
As the area devoted to corn Is smaller than a year bonds are entitled has been declared. The diviago, it is estimated that this year's yield will be some dands are
dependent upon
earnings,
and the
300 million bushels less than last year ; but this company pays whatever the surplus will permit,
would still leave a crop of some 2,200 million up to
6 per cent.
Ia 1895-96 the payment
bushels, or among the largest on record
always was li per cent; in 1896 97 it was 2^ per
provided we
escape
early
frost.
For spring cent ; in 1897-98 and 1898-99 each 2 per cent ia
wneat the Bureau reports
a
further decline 18991900
3i per cent; 190001 6 per cent; ia
In condition, making the average August Ist 77*1 1901-02 3 per cent aud now for 1902-03 5 per cent.
against 82 5 the month before,
and comparing The surplus for 1901-02 was reported $122,940 and
wiih 89'7 on August 1st last year.
In this therefore only 3 per cent was paid, calling for $120,000,
case, however, the loss in spring wheat will be com
For 1902 03 the surplus is given as $203,506, hence
pecaated by a gain in winter wheat.
The Bureau the full 5 per cent, calling for $200,000, is declared.

—

;

the yield of winter wheat this season at only
12 '4 bushels per acre, as against 13 8 bushels in 1902,
gives

It is likely that this surplus allows for

more than the

ordinary renewals and repairs, for while gross earnings
but on the other hand the area under winter wheat for the year as compared with the year preceding
this season is 4^ million acres in excess of that har- increased
$1,413,788, the addition to net earnings was
vested last year. The average for oats is given as only
$122,086.
79'5, as against 89-4 on August Ist^laat year and 73 '6

THE OHKONICLK.

322

Pig iron production in this country was siiarply reduced during July. This seems to be a desirable outcome, considering that curtailment of production is
being practiced in certain classes of finished materials,
and bearing in mind also the embargo placed on the
consumption of iron and steel by labor troubles in
this city repDrts the

31

days

1,716,006

only

as

tons

in

The "Iron Age"

1.
is

more firmly held and
the
for

June

with

33

as

days.

against

More-

Our contemporary

says that the

loans are

offerings by banks are limited;

per cent for four months and 6 per cent for six

near*by

tons,

Time

change collateral are 6 per cent for ninety days, 6^5^

output of pig iron for July with
1,694,822

minimum.

demand does not appear to be at all urgent, even
long dates. Qaotatlons on good mixed Stock Ex-

Commercial paper Is In good demand from
but local banks are out of the market

months.

over the capacity of the furnaces in blast August
Ist 1903 is reported only 361,903 tons, against 395,-

042 tons July
smaller output

loan at 2 per cent as the

of

yarious parts of the country.

[Vol. LXXVII.

cities,

mercantile borrowers continue to resort to
their banks for discounts.
Market rates are 6 per
cent for sixty to ninety day endorsed bills receivable,

as buyers

;

prime and 6i@7 per cent for good
months single names.

6 @6i per cent for

four to six

due partly to the fact that furnaces

have not been doing well, a common occurrence in
midsummer, and partly to the fact that a considerable
number of furnaces have either blown out or have
been banked on account of labor troubles. The adjastment of the latter will mean a return to a larger
output again. Furnace stoclcs, sold and unsold (though
not including the holdings of the steel works producing their own iron), keep slowly creeping up, but

The Bank of Eagland minimum rate of discount
remains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety-day bank bills in London
at 2| per cent.
The open market rate at Pdrls is 2^
per cent and at Bsrlln and Frankfort It is 3f per

According to our special cable from London,
the Bank of England gained £247,838 bullion during
the week and held £35,272,614 at the close of the
amount week. Oar correspondent further advises us that the
nevertheless remain of small proportions. The
August 1st is given as 342,463 tons, against 257,010 gain was due to Imports of £12,000 from Portugal,
to exports of £16,000 to Germany and £10,000 to
tons Jaly 1st and 203,403 tons June 1st.
Bacharest, and to receipts of £261,000 net from the
There was no change in official rates of discount by Interior of Great Britain.
any of the European banks this week and open marThe foreign exchange market has been lower this
ket or unofficial rates at London and at Berlin were
The feature of the statement of the New York week, not only for sterling, but for continental bills.
firm.
Associated Banks last week was an increase of 13,832,- Influenced chiefly, and indeed almost wholly, by offer600 in loans, due in part to discounts of commercial ings of security drafts and by a moderate inquiry for
The purchases of leading stocks and
paper. The cash reserve decreased $1,103,600 net and remittance.
The re- bonds through the arbitrage houses and directly
the deposits were augmented IB,414,800.
quired reserve was increased $603,700, which sum, through bankers on orders from abroad have been
added to the net loss of cash, made $2,473,000 as the large, thus contributing to the supply of bills, while
reserve, carrying this item the high rates for commercial paper seem to have
decrease in surplus
to 121,687,075. Calculated upon the basis of deposits, tended to restrict the demand for mercantile remitand the requirements for counter busiless those of $37,294,900 of public funds, the surplus tance,
The bank statement of this ness were small.
No offerings either of loan
reserve is $30,910,800.
transfer of $166,200 gold or finance bills have
been reported, and only
week should reflect the
spot
commercial
hither from San Francisco and the payment at the moderate amounts of
drafts
Sub-Treasury of $453,500 for Assay Office checks against grain have appeared on the market; bills
representing Klondike gold deposited at Seattle, against future exports of cotton and grain have, howWash.; also the transfer, through the Sab-Treasury, ever, been offered in fairly liberal volume. The fall
Arrange- this week in rates for sight exchange to 4 8515 carof $100,000 to New O/leans on Friday.
ments have been made for the telegraphic transfer ried these drafts to within 40 points of the normal
from San Francisco of $760,000 of the $1,600,000 Importing rate, and there were some indications that
gold which left Sydney, N. S. W., Jaly 7, aud If purchases of American securities by foreigners conwhich is expected to arrive at the above-named port tinued liberal, as seemed likely, gold would soon be
The exchanges of refundable bonds brought out from the British capital. Bankers were,
on Monday.
since April 1 have been increased by arrivals of $83,- however, of the opinion that the movement of gold
200 which were In transit from Earope Jaly 31, when hither might possibly be temporarily checked by the
refunding was suspended, making the total exchanges firm discounts in London. The A^say Office paid
$707,062 99 for domestic bullion. Gold received at
$81,092,000.
the Custom House during the week, $10,842.
Nominal quotations for exchange are 4 83^®4 84
Money on call, representing bankers' balances,
Stock Exchange during the week at 3 for sixty day and 4 86@4 86^ for sight. Actual rates
loaned at the
per cent and at 1 per cent, averaging about 2 per for sterling opened on Monday easier, as compared
Oj Monday loans were at 3 per cent and at 2it with those at the close on Friday of last week, at a
cent.
per cent, with the bulk of the business at 2f per cent. decline of 20 points for long, to 4 8290@4 83; of 16
On Tuesday transactions were at 2^ per cent and at 1 points for short, to 4 8635@4 8560, and of 6 points for
per cent, with the majority at 2 per cent. On cables, to 4 8675@4 8585. The market was lower on
Wednesday loans were at 2 per cent and at 1 per cent, Tuesday at a fall of 6 points for long, to 4 8285@4 83;
with the balk of the business at 1| per cent. On of 16 points for short, to 4 8520@4 8635, and of 16
Tnursday transactions were at 2 per cent and at 1 per points for cables, to 4 8560@4 8576. There was a
cent, with the majority at 1^ per cent. On Friday loans further decline on Wednesday, when rates for sight
were at 2 per cent and at 1^ per cent, with the bulk of sterling were at the lowest of the year. Long fell 16
the business at If per cent. Banks and trust companies points, to 4 8260@4 8275; short 6 points, to 4 8516®
cent.

.

August

THE OHKONICLE.

15, 1903. J

328

and our own mines, the
4 8530, and cables 10 polntB, to 4 8550@4 8660. The Australia and the Klondike
amount of specie and notes reported by the
tone was generally steadier on Thursday, when short total
one to two
recovered 5 points, to 4 8520 @4 8530, and cables 5 Clearing House institutions was from
been at the same date in 1903,
points, to 4 8o56@4 8565; long was 10 points lower, millions less than it had
The market was steady to firm and fell nearly $10,000,000 short of 1901. This, it
at 4 826C@4 8276.
will be observed, had nothing to do with the so-called
on Friday and 10 points higher for short and cables.
the
following shows dally posted rates for sterling ratio of reserves ; it was an absolute statement of

The

MON.,

ran..

Aug.
60 days
SlKht
5 00 days
Bmrlnjt,
MaKOaoACo.. iSlKht.
(00 days
Bank Britlsli
No. Amenoa.. 1 Sight
( 60 days
Bank of
Montreal
J eight.
Oanadlan Bank 5 60 days
of Commerce.. ISlKht.
Heldelbaoh, lok 5 00 days
elhetmer A Co. iSiKht.
Lasard Frerei 5 60 days
i Sight
MerokanU' Bk. 5 60 days
J8l«ht.
of Canada
(

Brown Brof

I

.

4

7.

Aug

10.

FBI,.
WlD.. THUK.
Tins..
dug. 11. AV{J. 12. Aug. 13. Avg. 14
.

4 81

t4

4ee«

t6«

ii^

4 84

84

84

4 84

4
4
4
4

8e«
84X

84H

12^

l^

88M

84

66^

80

to

P«

484
4 80H

84

84
8ej4

84

e6«

84

84

84

8e«

sew
83H

£0H

84
Kfl«

86^

4 84

fce^

8»

4t'e«

80«

84

4 84

S6H

86«

84

84

to
84

84

84

If"

63«
80

4f-BH

80

l^

86
84

86

83«

63H

84

last

show with

8S«

il«

80

83H

much accuracy

as is possible in

will

such an

estimate the extent to which the country'^ circulating
medium has increased during the month of July and
during the twelve months preceding August Ist. The
statement indicates that during July the country's

medium

increased $6,642,388.

Compared

1902 there was an increase of $131,The total, it may be added, showed expan412,361.
sion of $193,451,349 from the same date In 1901 and
with

The market closed at 4 8260@4 8275 for long,
863C@4 8540 for short and 4 8566@4 8670 for cables.

week by the Treasury Department
as

circulating

HO

in the

nearly at the figure of a year ago.
Keeping this in mind, a glance at the figures published

to
84

84

84

137

4 87

^0^

88H

4tfl«

hands of the centre banking
Last week It stood very
iDstitutions of the country.

amount of cash

exchange by some of the leading drawers.

August

1st

Commercial on banks 4 82:|i34 82| and documents of $293,666,090 over 1900.
Cotton for payment 4 81^
for payment 4 81i@4 83.
It must be noticed that not all groups of finan04 81f, cotton for acceptance 4 82i@4 82^, and grain cial institutions make the same comparison with a
for payment 4 82|@4 83.
year ago as do the New York Associated Banks. The
glyes the week's movement of money
the Interior by the New York banks.

The following
to

and from

trust companies of
their reports of

New York

State, for example, in

June 30 showed an increase

Week ending AuQust

14, 1903.

Gurrenoy

Beceived by SMpved bi/
N. Y. Banks. N-.T. Banks.
$6,807,000

Total Kold and legal tenders

$4,090,000

1,117.000

Gold.

747,000

$6,924,000

$4,837,000

With the Sab-Treasury operations the

Nit Interior
Movement.
Gain. $1,717,000
870.000
Gain.

Gain.

2,087,000

result

is

as

follows.
Week

eriding

Augutt

14, 1903.

Into
Banks.

Out of

Net Change in

Bank

Banks.

of $16,-

however, ac-

226,000 in actual cash holdings.
counts for only a very small part of the large increase
in circulation shown by the Treasury returns, and it
This,

is

by the further fact that the national banks

offset

New York

outside of

City show larger decrease in

cash holdings from a year ago than the New York
banks themselves. Therefore it may be fairly said
that the banking institutions as a whole appear not to

Holdings,

have kept to themselves any of the new money put
Nor do the operinto circulation during the year.
23,540,000
Sub-Treasury operations
ations of the Treasury affect the matter, because the
$30,464,000 $27,a77,C00 Gain. 8,187,000
Total gold and legal tenders.
figures of circulating medium which we have given deal
The following table indicates the amount of bullion
only with money circulating outside the Treasury.
in the principal European banks.
This showing appears, on the face of things, incomAuaust 13, 1908.
August 14, 1902.
prehensible.
It has at time led not a few to Imagine
Bank of
great hoards of ready cash kept away from the market
lotal.
Qold.
Gold.
SUver.
Silver.
total.
through some mysterious agencies which can not be
£
£
£
£
£
£
Banks

Interior

movement, as above

35,87?,B14

England
France

$6,924,000

35,2TZ,614

$4,837,000
82,440,000

Gain. $2,067,000
Gain. 1,100.000

86,900,763

36,900,763

In

considerable part,

Now

by the public eye.

Russia
Ans.-Hung'y.
Spain
Italy

Netherlands
Nat.Belg'm..

.

34,a»'9,C00 12,041,000
82,4:7,000 >-,952,i(0

40,310,000

37,033,000 13,897,000

60,729,000

this,

91,429,000

73,638,000

8,8eo,ooo

82,4 98,000

45,546,000 12,911.000

68.457,000

though

34,704,000

44,497,000 12,574,000
14,214,000 19,453,000

67,071,000

14,eO4.0<J0 ao, 1 00,000

19.032,000

Germany

2,304,000

21.338,000

16.146,000

3,027,600

18,172,600

3,940,700

6,186,900

10,407.600

4,894,500

6,641,700

11,536,200

3,012,00(

1,506,000

4,518,000

3,138,687

1.568,333

4,706,000

33,667,000

Tot.tbls week 310.295,917 a(J9254101 449,550,048 335,2S3,76C 109708649 444,982.409
Tot, prev. w'k 338,707,C50' 109781830 448,489,780 338,633,112 110237174 415,870,2fri

MONEY SUPPLY AND TIGHT MONEY.
We

detected

In a certain

sense

102,142,733 14,973,201 147,116,934 104,797,830 44,887,016 149,684,840

are asked to explain the seemingly curious in-

what has happened,
in the way in which such
is

happens not at all
raasoners picture it. There is in prosperous times a
steady and continuous drain on the circulating
medium which suffices to keep out of sight and out
of

it

bank reserves a constantly increasing part of the

iacrement in the circulating medium. We refer, of
course, to the money kept in their personal possession
by individuals.

We may

illustrate

how

our point by showing, as we have

consistency between the condition of the banks and
the money market, and the figures drawn up by the

often done,

Treasury regarding the money supply circulating in
this country.
That situation is chronic; we have
frequently remarked upon it.
It has been almost the
by-word of the markets for quite a period that money
was scarce, and that the banks were laboring to put
their ratio of reserves to a higher figure.
The New
York bank statements themselves for a long time
showed a total of cash holdings considerably less than
that of a year before. Even in the bank statement of
two weeks ago, notwithstanding the fact that the outstanding circulation had been largely increased bj
new national bank notes, and by arrivals of gold from

course use the services of a

work

out.

A

this process In certain cases

would

mill-owner in prosperous times will of

much

larger

number

of

employees than he would at a time of slack trade and
slow demand for manufactures.
In order to meet the
weekly or monthly pay-rolls of his hands he must
keep almost constantly In his own possession a very
itarge sum of ready cash.
It is obvious that the
amount tnus held will Increase along with the increasing prosperity of the country, which increases the
number of men to whom he pays it. Further than
this, it must be kept in mind that during such a
period as that through which we have been passing
the amount of wages per employee is steadily in-

THE CHRONICLE.

324

[Vol. LXXVIl.

amoant of ready cash
which the employer must have on hand at certain times.
The Twelfth Census shows the total wages paid during

we have pointed out, both In the present
instance and in the precedent of 1894, showed a
situation where the currency machinery was abso-

1900 In half a million establisments of fifteen typical
groups of industries to have been $3,320,938,168, and
this was an Increase of no less than $429 729,028,472
ovar 1890. These figures give some notion of the
manner in which the wageearrer may operate during
prosperous times la absorbing the circulating medium.
But this principle la not by any means limited to
the mill employee. Daring such a period the average
cltisen is more prosperous and for that reason Is apt

lutely

creased, thus

inareading

the

that what

ill-adapted

to the actual trade needs of the
In a time cf active trade the Increase
in the circulating medium was not sufficient to pre-

community.

vent depletion of bank reserves at the very

when such

moment

reserves were

most needed as a basis for
the other hand the system as we allow it
to exist causes a superabundant circulating medium
credits.

On

in times of reaction,

when the money supply can not

either as a normal basis for bank
keep more liability or for hand-to-hand circulation among the
money in his pocketbook. The fact that he spends people. In other words it does not admit either of
more money necessarily gives more activity to the ex contraction or expansion, whereas a correct system
change of currency at the counters of the shops and puts both movements Into touch with commerce, and
department stores. It is, therefore, a perfectly simple hence into active operation; not only would a proper
and natural rule of these establishments, founded on system respond to the annual expansion crop requireexperiencd, that in times of active trade they must ments call for in the fall months with an automatic
keep on hand for purposes of making change a larger contractiOQ In the dull months, but also answer to the
a ad larger amount of ready money, and that they will varying trade necessities of these larger cycles by full
fiad themselves at the close of a day's business in conformity to the years of bualaess activity and also to
those covering business liquidation and depression.
possession of very much greater sums of actual cur
rency than the previous years had accustomed
to sperd

them

more money, and therefore

possibly be used

to

to.

These

may ba carried on
What we wish
reader.

illustrations

at the will of the

indefinitely,

to

show

Is

ARE SAVINGS DEPOSITS BEING DRAWN
DOWN?

simply that in prosperous times, and especially in
Considerable prominence has been given In the
prosperity, the general public's dally papers within the last ten days to statements
times of increasing
capacity for absorbing currency increases quite as saying that withdrawals of deposits from the savings
continuously as does the volume of actual trade. But banks were heavier than usual. On the one hand It
such an increase acts in a certain sense as a compe- has been claimed that depositors were making drafts
Money, which in a year like on their accumulations to buy stocks In Wall Street,
tition with the banks.
1894, when trade is dull and stagnant, would flow the desire being to take advantage of the low prices

bank reserves, will at times like the present prevailing, and on the other hand It has been confind its lodgment in the pockets of the people, and tended that the strikes and labor difficulties which
in doing the added work which a more active retail have been so conspicuous in affairs during the last
trade at enhanced value demands. The year 1894, twelve months were making It necessary for depositin fact, provides a most interesting antithesis to the ors to have recourse to their savings so as to meet
movement which we have been describing. Dnriog their living expenses during the period of partial or
that year, on account of the large exports of gold, the total abstention from work.
That there has been considerable buying of stocks
total circulating medium actually decreased $102,The New York banks also contributed large on a small scale and in odd lots since the great break
400,000.
amounts of cash to replenish the United States in prices on the Stock Exchange, admits of no questiou.
Treasury's reserves, most of the $100,000,000 pub- That this buying has been by people of moderate
That any very
lic loan Issues of that year being taken by New means may also be accepted as a fact.
Yet, in spite of these two considerable amount of money, however, has been withYork institutions.
facts, the cash holdings of the New York banks at drawn from the savings Institutions for this purpose may
the end of the year had decreased hardly $30,000,000 well be doubted. Isolated cases of course there have
and their surplus reserve, before the first loan issue, been of depositors in savings banks drawing out their
reached a magnitude which it has never attained funds in order to Invest the same on the Exchange.
In other words, slackness of trade Two or three bank officials are quoted as having exbefore or since.
and general poverty of the people dispensed with the pressed themselves as having knowledge of just such
use of circulating medium to such a degree that withdrawals. The general consensus of opinion, howmoney fl:>wed back automatically to the banks. We ever, among savings bank officials seems to ba that the
have hitherto shown to what extent this icfiaence savings banks have been called upon to meet very
operates in E:igland also, where In good times little demand of this kind. It is argued, and apIt win almost invariably be found that the net gold parently with much force, that the va^t majority of
Imports of the year exceed by very large amounts the savings bank depositors are not of a class who take
yeat's increase In the cash reserves of the Bank of any interest in Wall Street matters, and If they did
England. Last year, for instance, the British Board are not likely to use their money for any such purOat of their small holdings (the average of all
of Trade reports showed that the country's gold im- pose.
Yet the the accounts in the State is less than $500) they could
ports exceeded exports by $31,100,000.
Bank's reserve, at the conclusion of the year, was not buy much stock or bonds in any event, and furactually smaller by $9,300,000 than it had been thermore a deposit in a savings bank has cerbaia advantages to these people of small means which no
twelve months before.
This phase of the matter bears very pertinently in other form of Investment could possibly have.
With reference to withdrawals of money on acour opinion on the question of the proper regulation
It will be observed count of labor difficulties, the situation la somewhat
of our various note circulations.
into the

.

August

THE CHRONICLE.

15, 1903.J

325

Nearly all the savings inatltutious report but in 1898 99 the addition reactied71 million dollars,
that withdrawals recently have been heavier than Then it would seem savings bank depositors began to
At all events the increase the
nsual, though there la considerable difference of spend more freely.
next three years was not quite so large, being,
opinion as to the cause of such withdrawals. Many
64 million dollars, 65 million dolobservers contend that the money has been with- respectively,
For 1902-03 the
drawn simply for the purpose of hollday-maklng, lars and 64 million dollars.
drafts for such purpose being always large at this addition has been reduced to 61 million dollars
time of the year. Others ascribe the withdrawals to which therefore Is the smallest annual gain since
1897-98.
However, the diminution in the increase in
losses in wages arising out of stril^es, lockouts, etc.
There is one test that can be applied and which may 1902-03, amounting as it does to only three to four
The test million dollars, can hardly be regarded as very
furnish knowledge regarding the matter.
different.

Such statistics are compiled twice a year by our State Banking
Department at Albany, namely for the first of January

we have

in

mind

is

the

official statistics.

and for the first of July. The July figures have just
been published and comparisons with the July figures
of other years ought to throw a good deal of light on
the subject. Of course, tbese statistics being of date
July 1 do not cover any movement of this kind that
may have occurred during the few weeks since that
However, it should be r emembered that strikes
date.
and other labor confiicts have been very conspicuous
In Industrial affairs for fully a year back, while state-

ments that savings deposits were being utilized to
meet living expenses have been repeated over and over
again during the last six or seven months. July 1st
would accordingly appear to be as good a date as any
for applying the test.

As

striking.

Cognizance of course should also be taken of the
fact that with the rise in the total of deposits the
amount of interest credited and paid each year is
growing larger. It is for this reason that we have incorporated in the table above the last column, which
shows the yearly credits in that way. By deducting
these credits from the total Increase we have a result
which shows the increase in excess of the additions on
account of interest, though it is only proper to say
that many depositors do not allow the interest to remain, but draw it out as fast as it Is credited.
Still, even
on that basis the diminution in increase is not exceptionally large.
One fact, however, such a computation serves clearly to establish, namely, that the tendency
in the more recent years has been distinctly towards lower figures.
In 1897-98 the direct increase in deposits (that is,

happens, these July figures are found to show
further considerable increases and they establish a total increase less amount of interest credited or paid)
new high record, thup repeating the experience of was only 18 million dollars. The next year it was 43
other recent years, where each new return has shown millions ; in 1899-1900 It was 33 millions ; In 1900-01,
marked Improvement over its predecessors. Hence, 33 millions ; in 1901-02, 30 millions, and in 1902-03,
Such a result does not necessarily
if labor troubles have played any part in the results it only 26 millions.
must have been in reducing the accretions to smaller mean that labor troubles are reducing the yearly acLet us see If that has been cretions it may mean and probably does mean that
proportions than usual.
the case. The total of deposits for the savings insti- the people (speaking of the population as a whole and
tutions of the State is now reported at no less than without any regard to the question of strikes), being
Last January the aggregate was better off, are spending more freely that is, finding
11,112,418,553.
it

;

—

was $1,061,689,. full employment at larger wages, they do not feel
186; on January 1 1902 It was $1,014,306,857, and on called upon to lay aside as much as In a year like
July 1 1901 it was §987,621,808. We thus find that the 1898-99, when trade prosperity was still In its Infancy.
It may be added that in Pennsylvania, also, reports
increase in the six months of this year has been 36
million dollars, comparing with 26 million dollars in are that labor difficulties are having less effect on savthe last half of 1902, 37 million dollars In the first ings deposits than had been supposed might be the
For instance the " Daily Philadelphia Stockcase.
half of 1902 and 27 millions in the last half of 1901
" on Wednesday of this week quoted the head
No definite conclusions based on these changes alone holder
aeem warranted. We have therefore prepared the of a leading Institution as saying *' We have guarded
following little table which carries the comparisons a our cash reserves very carefully, not knowing how
few years further back, and deals entirely with the great would be the demand upon them as a result of
annual changes that Is with the July figures for a labor troubles. It is encouraging to note, however,
that there have been no material withdrawals on this
aeries of years back.
account.
With the exception of the textile strike,
SAVINGS BANKS OF NEW TOBK STATE.
Infest credited Philadelphia has been fortunate In the matter of
Total
Total
and paid
dur'g year. strikes, such difficulties as have. been experienced hayresources.
deposits.
No. of
aeeounts.
$
$
$
ing been short-lived. Consequently the working people
July 1, 1903.
1,221,425,002 1,112,418,552 2,327,812 35,942,167
in this city have not had to draw heavily upon
July
1902.. 1,167,683,337 1,051,689,186 2.229,661 34,189,610
$1,077,383,743; the previous July

it

:

—

.

1,

July 1,
July 1,
July 1,
July 1,
July 1,

A

.

1901. . 1,105,070,764
1900. . 1,037.869,160
1899. . 968,978,167
1898. .
889.250,317
1897..
839,671,900
.

987.621,808
922,081,596
853,443,277
787,212,476
741,474,845

2,129,790
2,036,016
1,930,849
1,823,627
1,768,415

32,606,746
50,388,274
28,485,173
27,351.276
25,881.032

would
seem to make it clear that if labor difficulties or some
other general cause has had an effect on the growth of
the deposits, it has been only to a slight extent. In
1897-98, it appears from the figures given, the incareful examination of the foregoing table

crease in deposits was, roughly, only 46 million dollars.

Eevlving prosperity In industrial affairs had not yet at
that time made Itself fully felt in savings deposits,

We

much
prepared
for
occurred, but
heavier
withdrawals than
have
were not called upon very largely. I think
we
from a labor point of view that the worst has been
passed, and if this should prove to be the case, we
may feel like taking advantage of prevailing low
prices in the security market to Increase our investments." Perhaps In this last statement we have a
reason why savings Institutions even in this State
have not been very free purchasers of the securities
coming within their investment field, notwithstanding the lower prices ruling; they may have wished to
their

savings.

are

Q^U

XXI.J3I

VJXl. Ak V^i.1

keep their funds well In hand, so as to be prepared

for

possible large withdrawals as a result of the labor
difficulties.

WILLIAM

E.

DODGE.

Seven months ago we said of Abram 8. Hewitt,
who had just then died, that his most distinctive
characteristic could be expressed by the statement that
he was an illustrious example of the scholar in business, having shown that the scholar is not out of place
there and need not be lost there. The career of his
friend Mr. Dodge, who died a few days ago, a man ten
years youDger than Mr. Hewitt, must be summed up
In terms somewhat different, for he was not a scholar
in the sense that Mr. Hewitt was.
His life, we might

^WHF a

X^AjJD.

^p

missioners to supervise the condition of the troops in
the field, his commission being one of the first signed

by Mr. Lincoln. Perhaps his most prolonged and
pronounced service was as President of the Young
Men's Christian Association, whose building, so long
at Fourth Avenue and 23d Street, was erected through
his efforts.

There was no good work of which he was

not an advocate, and in most cases a participant ; and
it is notable and characteristic that, as he succeeded

son has succeeded him in the head
office of the Association and in a number of other
financial or benevolent Institutions, while a daughter
is distinguished for varied practical work on behalf of
the sex, and was the first woman member of the Board
of Education.
Mr. Dodge was a member of many clubs and held
say, illustrates the business man and (comprehensively
and emphatically) the man in business, for he showed many directorships ; the list of his activities was long,
that construction and acquisition, which are the aim but to recount them in detail would not signify the
His firm
in business, are not incompatible with development of scope and character of his own work.
the highest character and the largest usefulness to
others.

The

we reckon the founding of
families here, by the settlement of William Dodge in
the town of Salem, Mass., in 1629. The branch from
which this New York merchant sprang appeared in
family started, as

Connecticut, in Divid

Low Dodge,

a school-teacher in

Norwich, who married a daughter of Rev. Aaron
Cleveland, grandfather of the ex-President, and this
distant relationship

is

recognized in the baptismal

name

his father, so his

attended to business diligently, with probity, with
generous consideration for others and with unbroken
success, maintaining

and handing down

its

traditions

good dealing from generation to generation. This
a genuine and continuing service ; but the
greater one is the use
and example of wealth handled
in the spirit of trusteeship in the moral sense, and
also the personal devotion of Mr. Dodge to altruistic
duty. Ha gave himself as well as his money.
The
things he directed, studied and aided for the sake of
others received the same quiet interest and zeal as he
expended upon the business of merchandising. He
T^as no less eminent, hearty and unwearying, without
trace of self-seeking or posing in this than In any of
His life combined
his varied mercantile activities.
public spirit with that of private brotherly kindness,
and his example was inspiring and encouraging.
Since such men are the need of every State, and
emphatically of every great city, we may well hold
their memory in grateful remembrance, for paying
them honor is itself some assurance of emulating their
of

is itself

—

—

In 1802 David Law Dodge
started in business in Hartford, and In three years
more founded a dry-goods house which did not survive
the "embargo" acts. At the time this Djdge finally
retired from business (1827) his son William Earl
founded a business firm here, but in 1833 he married
a daughter of Anson Green Phelps and became a
partner in the metals house of Phelps & Peck. The
title then became Phelps, Dodge & Co., and so it has
continued to the present. Mr. Dodge was useful and
eminent in all his long life, and the statue of him
which stands at Broadway and 34th Street was unveiled virtues.
by his associates in the Chamber of Commerce in
of the

surviving son.

RAILROAD GROSS EARNINGS FOR JULY,

1886, two years after his death.

The son who has

Railroad gross earnings continue to record satissame name, was
trained in the same business, trod the same path in factory improvement. This is Important as showing
public actlvitlves, was devoted to the same and kindred that the volume of traffic remains large and trade
philanthropies, succeeded in many instances to the prosperity uninterrupted, and it is still more Importsame positions of trust, and upheld both the firm name ant as furnishing to the railroads means with which
and the name he bore himself. The business was to offset the heavy augmentation in expenses arising
founded in conservative enterprise, industry and per- out of the Increases in wages and the enhanced cost
sonal simplicity and economy
one of the old-fashioned of fuel, materials and supplies. In this respect the
concerns which are on plain old streets of down-town distinction between gross earnings and net earnings
New York, where old buildings still remain and the should always be borne in mind. O^ing to the injust died bore the

—

quiet unostentatious ways yet survive.

The

business

was primarily an Importing one, but there were related
interests, later in clock and brass manufactures in
Connecticut, where the busy town of Aasonia perpetuates the name of the founder of the New York house.
Most of the elements of plcturesqueness which were
in the career of Mr. Hewitt, and are so serviceable in
a biographical sketch, were wanting in the life of Mr.
Dodge. The latter, unlike the former, was born with
the advantnges of a fortune large for the times, and
with a path ready open and marked out before him ;
he had no adventures in early life, nor was his course
determined by the incident of marriage. Ha was
devoid of the brusqueness which attracted attention
in Mr. Hewitt ; and he held no public office, except
that during the Civil War he was one of the State com-

crease in expenses referred to, very little of the gain
in gross earnings remains as a gain in net.

Oar compilation to-day covers the month
and embraces
cure

early

all

roads for which

preliminary figures.

mileage represented

is

it

of July

possible to pro-

The aggregate

of

97,910 miles, or close to half
the railroad mileage of the country. The gain over
the same month of last year on this mileage is found
is

The improvement
follows successive gains in the same month of previous
Thus in Jaly list year we had $4,347,381 inyears.
to be $7,414,895, or

1196 per

cent.

crease or 7-65 percent; in Jaly 1901 $6,515,026

in-

crease or 14-06 per cent, and in Jaly 1900 $3,798,468
or 6*07 per cent;

In July 1899 the

been $7,154,071 or almost 17 per cent.
gives the comparisons back to 1893
:

increment had

The

following

.

AuacsT

THE OHRONIOLB.

15, 1903.]

MOeage.

QroMt Mamingi.

fll/s,

Inereait
or
Decreaie,

Tear
Pr4eeAing,

(buiA.)

Ytar

Tear

T*ar

eivtn.

Prteedinn

Qiven.

MUM.

MUt3.

98,711

90,816
91.988

40,018.988
29,730,0*-

41.828, 155!

93,995
93,418
96.886
90.417
93.908
90,688

87,616.044

88,805, 000 Inc. 5.881.035

89,023,091

88.504, OOi Inc.

1,418.097

43,066,387

41,056, 906 Inc.

1,999.181

89,401,085

88,888,069 Inc.

679.036

49.779.446

48.625,,376 I>ie.

7,164.071

48,884,012

46.085, 5(4 Inc. 3,793,468

89,891
98.947

63.849.645

46,334, 619 Inc. 8.516,020

81,197,348

S6.849,967 Inc. 4,347.881

97.910

96.049

69.395.818

61,980. 981 Inc. 7,414,895

98,467
91.918

90.373
91.845

a8$>,160,695

(119 roads).
(113 roads).

(13,168

(131 roads).

90.918
98,043
90.930
94,604
es.s^s

92.878
90.118
04.789

879,840.i;4 Inc. 8, 520.641
878,167,478 Dee.48. 0l>^.047
237,628.683 Inc. 11,,172.581
233,948.747 Inc. 16,,891,608
872.831.160 Inc. 1,,814.034

Jul!/.

1898 (134 roads).
1894 (183 roads).
1895 (117 roads)
1898 (188 roads).
1897 (132 roads)
1898(120 roads).
1899 (111 roads)
1900 (99 roads).
1901 '.88 roads).
190< (79 roads).
1903 (75 roads).

July

Jan.

1 tc

189S
1894
1896
1898
1897
1898
1899
1900
1901
1908
1908

(181 roads).

98,811

94,887
93,193
68,806
90.9i3
94,9^0
93,578
91.848
94,718

I

Dm.

t
1,608,193

87.842, 947 Dec. 8,112,859

81.

.180 roads).

(125 roads).
(108 roads)

90.396
93.580
90,538

230,149,425
248.760,114
264,840,356
874.836,194

278,840.665

321,436 882

(78 roads).

88,874
94,673

88.419
08.803

838,441,873
317,871,966
400,633.078

(76 roads)

97,!»10

96,019

46»,741.784

(99 roads)
(85 roads).

847,361.746
808,608.817
399,807.422
2^8.590.907

327

Inc. 88,,883,819
Inc. 83,,983,005
Inc. 87 ,144.451
Inc. 89 ,281.068

369.666,341 Inc. 80 ,{•77.787

Af inn «aiM)I<i—
6 wks. July. 1008
5 wks. July. 1902

87,890
24.166
667,810
888.609

•llnoe J tiu. 1,1903

3lnoeJan.l, 1908

Santas Oitv—
5 wks. July. 1008
5 wks. Jmy, 1902
Since Jhu.I, 190."

ainoeJan.1,1902
lotal nfali—
6 wks. July. 1903
6 wks. July, 1902
31noe Janil, 1903
31nce Jan.1, 1902

At Chicago, where we have the

even
month, the grain deliveries as a whole the present
year were a little larger than last year, reaching 17,681,422 bushels, against 17,121,001 bushels in July
1902; in July 1901, however, the deliveries were 18,188,140 bushels and in July 1900 19,706,613 bushels,
as will appear by the following:
BBIOBIPTS AT

figures for the

OHIOAOO DDRIHO JDLT AHD SINCE JAMCABT
Since January

July.

KoTB.— We do not Include

the Mexican

roads in

any of the

This year's further large Improvement
tional

significance

1.

408,183,911 Inc. 54 ,867.878

from the fact that

years.

1903.

cierives ad(3iit

was made

1902.

Wheat bush.

1,322,297

Corn... bush.

6,735,640

6,699,724

Oat8...bQBh.
ftye...bu8h.
Barley.bnsh.

8,562,918

0,896,186

196,157

141,«88

3.798,528

1.

1903.

1608.

1901.

1901.

21,074,426
8,497,995
6,397.062 49,049,34« 26,145,043 57,088.080
4,840,076 51,88-',024 34.612,811 64,325.569
182,588
1.127.103
166,201
1,892,698
5,480,670
5.108.498
164,250 10,060,027
12,182,900

P,830,668

191,275
864,515
with a smaller grain movement in the West and a
Total Rraln 17,681 ,428 17,121,001 18,188,1'I0 128,588,090 79,103,911 l.-)8.712,666
In the South. On the other
smaller cotton movement
883.e80
3.954,274
4,408,626 11,192.706
578,445
741,727
9'lour..bbl8.
hand the live- stock movement at the Western primary Pork....bblB.
5,024
8.262
60
1.195
336
2,294
53.481,421
markets ran heavier than a year ago, and in addition Ontm'tfl.lbs. 10.462,236 8,181,180 17,786.816 92.154.156 26,786,774 186,167,883
68.810,488
2.568.021
3,466.698
8,260,835 15.9rt6.101
Lard..... lbs.
680.2f'2
5,101,53;
9,363.479
4,672,376
690,703
480,936
the railroads had the advantage arising from the ab- LiTehoKsNo
coal miners' strike which was
provisions movesence of the anthracite
The foregoing table shows also the
a feature in affairs in July last year. As modifying, ment and the deliveries of live hogs. The number of
however, somewhat the importance of the strike as hogs brought into Chicago in July 1903, it seems,
affecting our present comparison, it should be noted was 690,703, against only 490,936 head in July 1902,

that none of the distinctive anthracite coal carriers
ever appear in our early preliminary returns.

but as against 630,202 head in July 1901.
Combining the movement at the five leading WestThe receipts of wheat for the five weeks ending ern markets, namely Chicago, Kansas City, Omaha,
August 1 this year were only 14,348,280 bushels, as St. Louis and St. Joseph, It appears that the delivagainst 26,514,109 bushels in the same five weeks of eries of hogs In the month this year were 1,279,633
July last year. Of corn, oats, barley and rye the head, against 962,197 head in 1902 ; that the cattle
receipts were in each instance larger than a year ago, receipts were 718,231 head, against 674,013 head, and
but the gains here were not sufficient to offset the the sheep receipts 672,328 head, against 607,448—
As a consequence total receipts of affording altogether a very substantial increase.
losses in wheat.

wheat, corn, oats, barley and rye combined figure up
The cotton movement in the South is never large
only 48,627,617 bushels, against 61,783,370 bushels in in July, it being the tail end of the season, and the
the corresponding five weeks of 1902 and 52,919,321 present year it was smaller than usual, notwithstand.
The details ing the corner maintained in the staple and the conbushels in the same five weeks in 1901.
of the Western grain movement in our usual form sequent high prices prevailing.
At the Southern
appear in the following.
outports the receipts for the month this year were
or FLOUB AHD OBA.IM FOB FIVE WEEKS BMDIIfO A0OU8T 1 only 30,288 bales, against 61,409 bales last year and
BB0BIPT8
AWD 8IKCE JAHUABT 1.
141,003 bales the year before.
The shipments over#Jouf.
(bbU.)

WTuat.
ibueK)

Corn.'
(busA.)

OaU,

Barley,

Rve,

(MMh.)

(trtMh.)

(bush.)

CMcaoo—
683.03
1.443.137
6wk8..7uly, 1908
48I.80.V
4.339.266
6wk8.Jaly. 1902
4.040.768.885.980
BlnoeJaii.1.1903
Since Jan.1. 1902 4,613.383 12,987,218

miviuTiee—
wks July, 1903

807,450

6wkB.July, 1902

89».t6';

6

8,104240 0.663.883
997,010
6,996,87C 7.312,43rt
212.976
61,188,982 53,361,024 10,320,627
86.678.481 35,684,881 5.848.320

225.157
162.888
1.947,148
739,713

392,360
127.300

71.200
29.300

6 8>*1,760

55S.rtOO

3.749,200

469,200

Qalvestou
bales.
Sabine Pass &o

57,285
32.270
727,453
194.058

MewOrleani

July.

Since J an.l, 1908 1.782.42f
Since Jan.1, 1908 l.e68,61at. Lnuii—
6wks. July, 1903
6wkB. July, 190V

195,8t(

197.3S6

Since J au.l, 1008 1.18!>,23t)
Since Jan.1, 1902 1,199,265

468.145
310,400

81,700
138.420

8,541436

1,446, 15r

4.383,400

8,109,470

1,047.800
696,400
5.655.200
4.032,600

3.123.581
6.478.776
9,840,930
11,095,321

1,995.541
869,7311

1,910.666
1,265,661

8.000

16,156.885 12,686,08(1
8,686,365 10.760.705

1,3U,< 00
028,941

1,108

Toledo—
5 wks. July, 1903
6 wks. July, 1902
ainaeJau.l.lU03
Since Jan.1, 1U02
Detroit—
6 wks. July, 190;6 wks. July, 190-^
Since Jhu.I. 1908
Since Jan.1, 1902
01«e«land—
6 wks. July, 190
6 wks. July, 1905i
Since Jan.!, 1903
Since Jan.1, 190-/

8.55C

28,500
35,30<

153,450
167,86(

1,818.C0C
2,768.96«,876,000
3.Ul2,83>
':3,7BS

439.r01
1,007,683
1.104,636

765,000
844.700
7.769.562
3.153,387
287.0af
133.088
2,128.63f
939.588

486,284

U8.63f

322,821
576,971

844.3»t-

l,180,46fc

462,660

1.088,162

5.047.986
2,926.61b

87.606

a06,«9*/

438.000

3,700

874020
1,990,430
2,836.716

12.60;
9,684

16,000
21,800
87,4^6
88.840

283.487
380.671
1.883,782
1,803,120

468,23S
197.004
8.632.687
3.587,539

1903
1902

48,75t
86.50f

190:-

611,405

1902

621,24.

9''.400

610.850
436,400
1.838.986

2,090,000
1.192.350
12.663.360
10,111,48b

1,119.000
1,181,800

974
44.486

8,335.408

6,25'<,700

7.103.79e

689,175
l.P30,625
6.250,867

8.780,658

496.168

197 934

1908.

Mobile
Pen8acoia,&o
Sarannata
Brunswick, io
Oharleston
PortBoyal, &o
If Umlnffton

1908.

1901

1903.

1908.

600

581,653
100.929

83,344

40,988

877,929

664,988
63.25?
829.648

3,6! 2

632

589

72,86f

33.01?

63

2,546

9,04f

64,021

103,061

3.668

6.203

25,184

365,741

318.188
48.987
64.8<5

5,025

19,004

6,000

1,858

46,627

187

1,836

1.745

33.496

68

141

260

241

S88

621

68,05t

928

Newport Newi. Ac
Total.
1.1812

* •

• • •

.

82,400
37.400
l,ltJ«800
715,600

14,400
24.000
175,000
119,000

55.055
1,59s
678,78146.036

82.084
7.C01
181,106
S9,9Sq

January

42,269
148

884
170

4,837

17.633

188.581<

81,557
60
1E9.70B

1,155

14.85(

26.098

86

Washington. &o

Duiuth—
6 wks. July. 1903
493,600
6 wks. July, 190;^
742,001
Since Jan.1, 100.3 1,908.90(
190/: 2.64S,3C0
Since Jan.1.

Slriee

I.

Ports.

Norfolk

Peoria6 wks. July,
6 wks. July,
Since J an.l,
ainoe Jan.1,

land were only 9,842 bales, against 17,803 and 66,490
bales, respectively, in July of the two years preceding.
BBOBIPTB OF OOTTOM AT 80DTHBBN POBIB IN JCLT, AND FBOM
JANDABT 1 TO JULY 31, IN 1903, 1902 AND 1901.

1,833

1,898

80,2«8

61.409

1901.

798,822
29.368
920.039
16.971
101,834
389,533
70,124
49.888
1,316
51,49«

68
184.674
8.743

141.003 2,382.8- 5 2.34«,lfl3 8.698.908

months preceding, the gains in earnings
on the separate roads are large and numerous. The

As

In the

New York

Central leads with 1812,626 increase, the
Baltimore & Ohio comes next with $685,955 gain, the
Canadian Pacific and G-rand Trunk have respectively
1667,380 and 1603,186 improvement, and so the

)

}

7

.

amounts taper down,

roads and

classes of

all

BAJSNIMQB OF BOUTHBBN QBO0F.

The
Jul]/.

&

Louis

St.

1003.

1008.
t

f

The

in excess of 130,000.
this instance has

1 ucreases.

H.Y. Central

$72,101
69,i05
68.02^
65,069
61.090
55,543
51,726
50.394
49,999
., 298
4*.^»»

MlcUlj^an

.!c

Pere Marquette
Internat'l

Gt. Nor...

Je

Mobile* Ohio
Mo. Kansas & Texas..
456,433 Toledo* Ohio Central
Kan. City Southern...
Wheeling Ss Lake Erie

S85.O00
3%3,016
341,081
278.622
269,053
222.666

...\
proper....

Northern Paolflo
A NaehvlUe
Bonthern Railway

liOOlevlUe

System

Alabama

&

St. L...
Ohio. IndplsA Louis..

T.

P.

>

(3 roads).. 5
Gt. S'th'n.. .

37,81

Southern Indiana
Central of Georgia
Mlnn.St. P.&S.Ste.M.

32.321
82,103
81,236
30,723

Hooking VaUey

126.179
103,966
94,815
83,452
78.922
76.617
74,040
72,180

Pacltlo

&

Ala. N. O.

214,37.'>

Ot. North. 8y». (2 r'ds).
Bnff. Rooh. A Pitts....
Lake Krie & West
Wisconsin Central....
Cln. N.O.ATex. Pao..

Nash. Chat.

IncrAanes.

Kanawha

667,380
603,186
AitT taa
467,744

Norfolk* Western....

Texas &

JULV.

lAKirillOS IN

Ohio. Great Western..

695.95.^

niinols Central

DnlonPao,
Wabash

GROSS

f 812,626

Baiumor« A Ohio
Canadian Paolflo
Or. Trunk Sys. (3 r'ds)
St. L. & San Fran...
Ohio. AEaetlU...}
(2 roads)

reason for the decrease In

been explained on previous occasions.

FRIKOIPAl. CHAJIOB8 IH

Alabama Gt.So.
Oent. of Georfcla.

803.4(0
677.871

01nJ<.0.4Tex.P.

05S2,002

478,0'iO

42 roads)

Nash.ChaU4 SUL.

•810,287

•736,847

•622,974

4 West..

1.881.876

i,6»8,^eo

IMn.ftR.Or.

<k St.

Total.

11,718.74-1 10,616.480

1899.

1898.

$

t

1

t

(

4

l,4e3.374

892.226
l,327,10i

387,166

828,296

1,871,559

1,865,044

8.464.000

B.Gr. W..J

Bt. li.

708,468
335,2«l

952,553
330.978
291.679
944.960

1,483.900

3,079,000

8,213,014

2,823,406

2,864,661

1,«81,598

1,818,307

I

8. Ft.

271.807
216,400
752.806
2,109,441
497,635
83.906
842,472
24,701
821 OOS
869,210
479.849

273,392

872,013

K.CJ.8.4M.

104.296

K.C.M.4B.

[

r.W.4B.Qr.

414.011
I

1

Chlc.4 E. lU.

607.855

407,641
467,836

886,078
483,144

«97.fll6

743,754

593,118

681,183

TotaL

470,06 J

I

588,537
774,282

Pao.

80,634

626,868

J

BUL. Bonthw.

V«xai4

781,272

2,576.987 2,265,198
661,945

J

10,818,501

8,662.9^0

9.745,769

6,183,466

7,943,033 0,950,638

864,676

8,528,003 7.978 077 7,086,618

;

GROSS EARNINGS AND MILEAGE IN JULY.
Name

Earnings.

Mileage.

of Road.
1903.

1902.

Deereaae.

1903.

1902.

S

Alabama Gt.Sonth'n.
Ala.N.O.&Tex.Pac—
N. Orl.&No. East..

yl57,318

Canadian

Pad flo

Central of Georgia.
Ohattan. Southern.
.

Ohio. Great Western.
Chic. Ind. &Loul8v..
Chic. Term. Tr. RR..

Oln.N.O. ATex.Pao.
Colorado & Southern.
Denv.& Rio Grande?
Rio Grande West. S
Detroit Southern
Dul. So. Shore &Atl..

Evansv. & Indlanap.
Evansv. & T. Haute.
Ga. South. & Florida
Gr. Trunk of Can. . )
Gr. Trunk West.. }

809

809

176,068
72,634
86,664
139,948
56,754
5,176.625
4.943
618,038
3,246,620
677,871
10.766
541.769
398,018
188,131
V302,l»5
614,200

+24,296

195

H2,226

14.T

189
292
250

196
148
189
292
250

8,884

8,884

27
472

27
472

7.590
1.845
105

7,590
1,846

2,589,422

+603,186 4.085 4,082

8,400,096

Bellefoute Centrsil..
Bufl. Rooh. APlttsb..

-f37.817

3,192.608

Atlanta Knoxv.&No.
Ba tlmore & Ohio. ;
Bait. & O. So'wn.

Vll9,501

300,364
84,760
94,440
162.071
62,949
5,862,580
6.879
716,054
3,914,000
709,974
10,379
613,870
470.198
137,102
y38l,ll'
536,688
1,485,000
136.677
257,410
33,974
145,523
132,783

Ann ArDor

1900.

1,052,181

Includes Paducab 4 Memphis Division In these rears.
Includes MontKomery Division for 1903, IWOa, 1901 1900 and 1899.
b FYelKht on material carried for company's own use is no longer credited to
earnings, the Item tiavlng; been eliminated from both earnings and expenses.
The dKures for 1S03, 1902, 1901 and 190J are Riven on this basis.
PlRores for fourth week not yet reported taken same as last year.

Ala. & Vlcksb
Vloksb. Shr.&Pac.

1901.

1,876,668

1

•

$78,124

1902.

1888.

I
157,066
133.867
523,081
428.702
440,626
421,786
897.668
400.689
63,080,025 8.166,220 1,887,667
+431,227 +430,736
S>3,36S
•609,853 548,775
649,581

8,810,402

eirotM

Lools

1.486,000

tnUftOt. No..
Mo. K. i Tex
MaP.ftlr.Mt.

1899.

t
119.685

lonthern Ry... >
2,279,165 8,114,130
3,605,681 3,291,416 2,916,745 8,675,863
St. Louis Dt7. i
147,003
|
125,591
Tasoo * Mlss.Yal.
470,401
441,060
410,305
816,711
821.463
297,747

*7,218,661

their geographical location.
BABNinoa OF SOnTHWESTBRN OBOnP.

<

1800.

1,837,807

Norfolk

JDeoreases.
Minn.

181.876
570,017
458,649

liOaliT.ANashy.. 68,931,810 63.709,241 68,811,890
Mobile 4 Ohio.
+816.853
t665,26ij
+506.838

Total (representing

review we furnish the following
comparison of earnings for six years past on the more
prominent roads, arranged in groups according to

1903.

«

0940,257
709 974

To complete our

Julu.

1901.

the only road having a loss

is

LXXVII.

[Vol.

all sec-

tiona of the country contributing to the same.

Minneapolis

.

. . .(

.

THE CHRONICLE

8^8

3,301,963

+98,132
+28,047
+30,728
+456.433

5,253

4.985

260
347

260
847

4,801

4,884

+6i*7

96

96

+65,069
—10.725
+69,105
+50,394
+94,816
+222,566

1,101

1,006

668
177
839

1,488,900

111,918
267,217
33,913
139.244
115,385

-1-7,776

+22.128
+6,195
+685,955

+936
+103,966
+667.380
+38,108

-387

+72,101
+72,180
-1,029
+78,922
+22,383
-8,900
+24.759
—9,807

+61
+6,279
+17,898

929
546
108
836
1,121

105
928
546
108
886

2,488

1,145
2,890

432
674
146
162
895

401
574
146
162
285

.

ARirmOS OF MIDDLB AHD mODLB WB8TBBN BOAD8
Julu.

Ann

1908.
t
162,071
716,064
470,198
145,6^3

Arbor....

Baff.Rooh.4PlttB
OhloJnd.4 LoalsT.
BTan«T.4TerreH.
HookioK VaUer.
UllnoU Central....
Pere Marqaette...
et. L. Van. 4 T. H.
lol. 4 Ohio Cent..
•Pol. Peo. 4 West.
ToU8t.L. 4 West.
Wheel. 4 L. Brie.

4

1

t
189.948

143,827

618.08!-

567,411'

398,018

837,693
128,222
429,936

476,686
322,98^

139.841

t

3.805,203
•982,654

8,348,770
•864,831

776,316

198.117

135.793
865,0«2

173,257

193,980

2,686,890

2,331.790

8,052,074

607,640
167,901

504,018
131,196

163.239
87,C00

150.670
71,S04

174,891

211,618

177,788
118,168

01,984

8o.

261.341
93.96V

214,245

670,088
159,353
812,317
102,401
172,478

883.02^

383,921

\

294,646
99,G32

815,781!

230,828

816,783
110,790
248.087

288,678
340,326
116,142

109,476
880,9^3

8,175,762

1
110,763
3S6,246

t
133.945

131,117

635,198

1808.

1899.

1800.

685,»-99

.

OleT. Can.

1901.

li>02.

234,813

220,899

60,982

(

Total

6,041,802

7,135,301

6,611,205 5,594,096

4,296,319

4,855,347

•-«»«.
'

Includes Lake Erie

4

Detroit River Ry. In 1903 and 1902.

ABimiOS OF NOBTHWBSTBBM AMD MOBTH

OlUs.Ot. West..

1901.

1900.

1899.

1898.

t
3,246,620

t
2,851.45-

t
2,471,171

t
8,385.625

2,051.863

641,76^

605,29.-

641.C60

488,600

287,217

3,536.024

3,469,816

1«7,763

Dnlnth8.S.4Atl.
Or«at North. S7s.
Iowa Central
Mlnn.4St. Lonls.

1802.

618.870
£57.410

.

244.427

233,438

891,126
173,936

2.233,817

2,268.080

1,818.092

255,68-

8,679

65fc

t

196.821c

135.385

251, 2U6

240,161

160,68 i

62»,3!I9

446,819

358.867

89,«,6I6

238,975

8.4 26,665-

2,019,lie0

3.850,370

162.8.6

614.638

681,081

>

Bt.Panl4Da).

163.961

297,10)

4,119,4 23

North. Paclflc.b

208,478
817,613

177,177

839,389
680,476

M.Bt.P.4B.8.M.
>

3,190,066 «,788,172(

523,269

460,205

4»9.49(

126,460
406,705

14,102.877 12.952132 11.030,761

9.477,986

0,801,^64

7,598,763

Wlaoondn Cent'l.
Total.

aocklng Valley
Central

Illinois

nilnols Southern
Internat'l* Gt. No..

Iowa Central
Kanawha & Mloh .
Kansas City South'n.
Lake Erie <te Western.
.

Ix)ul8v.

MaooD

& Nashville.
& BlrmluK'm.

Manlstlque
Mineral Range
««nn. &St. Louis....
Mlnn.St.P.&S.Ste.M.
Mo. Kan. & Tex
Mo. Pao. & Iron Mt...
Central Branch
Mobile Jack. AK.O.Ii
Mobile & Ohio
Nash. Chat. & St. L..
Nevada-Cal-Oregon.

N.Y.Cen.&Hud.Rlv.*

t
8,914,000

Canadian PaclBc.

Montana Central..

& Western..
Sorthern PaoltieD....
Pere Marquette}
Bio Grande South'n.
Rutland RR
rft. Louis & 8. Fran. )
Chic &E. Illinois 5
8t. Louie South wes'n
8t. L. Van. <fe T. H...
3anFran.<te No. Pao.
Seaboard Air Line...
Southern Indiana
Southern Railway
r.Haute & Indlanap.
Horfolk

1008

July.

PACIFIC OBODP.

Det.Gr.Hav.&M.;i
Gt. No.-S.P.M.&M. )
Eastern of Minn. <

kinolades proprietary lines

Id all

r.

Haute & Peoria...

Texas Central
Texas <k Pacific

Tex. Sab.Val. & N.W.
Tol.A Ohio Central..

the years.

Tol. Peoria <& West'n.
West....
Tol. St. L.

BABinNOB OF TBUITK LIHEB.

&

Union Pao. proper...
1808.

1802.

1

Julu.

t

1901.

BJkO.S.W
P.AW.8yB

Total.

..

t

1808.

<

t
2.810.160

<

8,643,505

3.800,833

I

5,892,580

Wabash

Wheel. & Lake Erie..
Wisconsin Central...
Tazoo& M1B8. Yal...

881,78.3

311,823

26 5,667

( 1,984,S86
8,980.423 -| 307,663

l,766,r89

l,704,0<i6

1.601.254

821,68'

285,460

103,flt6

90,03«

95,39;

4,683,868

5.176,626

6.840.464

6.038.88"

6.940.096

6,891,395

4,435,407

880,482
79,136
3,423,748

2.000,163

1,721,631

1,651.341

1,860,101

1,273,186

1,C'79,811

17,804 ,S06

15,524.416

14,496,910

12,794,596

11,406,12S

-6,216
+2.264
—78,124
+31,236

+ 55.543

880
8.441

3,421

97
64
127
642

97
64
127
642

1.452
2,093
6,305

1,894
2,585
5,182

+354.000
+31,000
388
+15,6i0
96
+61,090
912
+74,040 1,201
+2.689
144
+812,626 3,320
+353,016 1.716
+289,053 6,406
+68.023 2,034
-4,610
180
+ 11,434
416

+ 467,744

4.689

+26,669

1.308
158
165
2,607
154
7,124

+ 13,324
+ 17,664
+17,843
+32,321
+214.275
+28.887
+2,606

80
174
227

388
70
874
1,195

130
3,320
1,679
5,856
2,084

180
418
4,113
1,298

158
166
2,607

154
7,107

80

+ 51,726
+18,856
+ 12,259
+341,081
+ 278.622

58
436
248
451

174
285
1,710
58
486
248
461

8,038
2.484

3,083
8,484

+49,999
+83,452

469
977

+ 29,434

469
977

1,162

1.096

+ 8,576
+76,617
+1,000

1,848

Total (75 roads).... 69,395,816 61,980,921 +7,414,895 97,910 96,049

Mexloan Boads— Not Inoln ded

In tota

Is.)

0,443,852

] 3.182,608

'.

tnterooeanlc (Mex.)..
Mexican Centralf...
Mexican Railway....
Mexloan Southern...
Nat'l BR. of Mexloo..

J3«6,400
1

6390,440

1 999,90,^

1,?)14.939

5354,3U0
y61,430
923,405

§351,300
»^8.124
676,136

-24,040
+484,968
+3,000
+3,306
+247,269

580

555

2,897
321

2,686

263

321
268

1.405

1,855

Boston and Albany Included In both years.
Results on Monterey A Mexican Gulf are Included in 1908 and 1902
and Mexloo, Onernayaoa & Pacific, Bio Verde Branch, et«.. In 1903.
'

t Boaton 4 Albany Included In 1003. 1002, 1901 and 1900; the Beecb Creek
RR. and ine WallkUl Valley BR. for all the years, and the Fall Brook system

anerisse.

+ 1.111

558
177
839
880

607,234

(

[

O.T.of Can.

Gr.T.West
I>.a.H.4M
1I.Y.C.4H+
Waba«h....

1899.

t

Bal.4 0...

190O.

167.88?
525,168
3,348,770
12,157
892,22.')
327,156
197.7^.3
208,478
124,678
55,573
527,65b
477.262
372,660
4,67,475
2,931,810 2,709.244
9.970
11.081
9,120
15,336
46,463
48,727
317,513
239.383
529,239
560.475
1,327.102 1,271.589
2,987.00n
3,341,001
92,000
123,0011
19.912
35,592
55>,262
616,352
736,247
810,287
14,863
17.542
6,849.464 6.036.83S
1.881,876 1,528.860
4,119.423 3,850,370
864,531
932.554
53,839
49.229
Vl38,739
1/160,173
8,822,405 2,354,661
526.868
653,537
185,793
199.117
123,727
141.391
9d2,130
979,973
65,309
97,630
3,505,691 8,291,416
141,212
170,099
46,601
48,207
25.667
34,143
697,616
774,232
9,0'
8,000
265,062
816,788
110.7»C
91,934
243,087
230,828
ra,693,l52 a:2,3 .'52,071
8,000,153 1,721,531
833,928
383,921
6l4,.53o
631,081
441,060
470,494

185,929
555,896
3.805,203
12,764

t

).. .
).
.

August

15,

THE CHRONICLE.

1903.]

A

ITEMS ABOUT BANKS, BANKERS AND TRUST CO'8

Detroit River Railway.

t

Inolndea Lake Erie

5

Figarea are for period from Jaly 1 to July 25.

il

laoludes proprietary roads In both years.

Figures are for Ave weeks endlni;

IT

1/

— Oaly one issae of bank stock

Une RR.

or Oregon RR.

Flgnres here given are for three weeks only of the
week not yet reported.

month

A

lu both

years, the fourth

GROSS EARNINGS FROM JANUARY
Name

of Road.

1903.

Alabama Gt. Southern.

ATex.Pac-

Ala. N. O.
N. O. & NortUeast'n...
Alabama & Vlokab'g..

1,S30,84S
668,709

—

734,';61
l,22ft.06H

VloksburgShr.

&

Ann Ajbor

Pao.

1

1902.

$
Vl,564.203

1.200,413
862,081
660,147
1,069,464

s

Illinois Central .........
Illinois Southern
Great Northern.
Int.

&

Iowa Central

Kanawha &

Mlohleran.

Kansas City Southern..
Lake Erie Western.

&

.

Nashville..

3,359,0.i2

8,711,977
19,725,612
562,259
109,127
3,904,427
4,812,747
86,012
89,076,018
10.40S,916
23,232,880
5,794,130
327,878
yl,lSl,85C

15,854,730
3,945,297
1,257,803
627,637
6,919,914
384,658
22,148.80 J
993,468
299,361
257.281
5,915,988
71,594
1,637,120
639.401
1,472,608
Union Paclflo proper... j;15,930,888 xl4,583,575,
Wabash
12,2^0,2fl0; 10.837,399
Wheeling dz Lake Erie..
2,50^,070
2,082,340
Wisconsin Central
3,349,349
3,498,346
Yazoo A Miss. Valley.
3,980.939
3,617.328

Mexican Roads— Not Included in
Interoceanlc (Mex.)
Mexican Centralf

1

476,lOfi

123,383
286.894
160,664
303,793
2,642,918
8,178
27.791
5.691

389,595
443,122
553.838
3,097,787
153,506
90.102
568,210
992,389
15,949
6,405,728
2,594,970
2,218,095
521,103

&

—The
80,960

12i,545
2,678,329

23.326
146,883
93,005
562 833
206,941
2,390,852
127,734
44,t>36

its

National Bank of

business on

August

Yonkers

Ist last.

It

voluntarily
has recently

been absorbed by the Westchester Trust Company of that
Mr. Peter J. Elting, formerly Vice-President] of the
Citizens' National Bank, has become President of the Westchester Trust, which has increased its capital to $300,000.
All the directors of the bank have been added to the trust
company's directorate. The combined institutions start business with $3,090,000 deposits in the building lately occupied
by the Citizens' National,
city.

—

42,491
443,704
206
513,457
94,655
288,250
1,347,313

Mr. J. Adams Brown, it is announced, has resigned as
Vice-President of the Mt. Vernon National Bank of Boston,
Mr. Brown was elected to the office on July 18, and resigns,
it is

stated,

owing

to

ill

health.

— At a creditors' meeting^this week of

1,442,891
425,730

of Boston, Mr.

351.003
363,611
577,420

F. M. Tucker

John A. Curtin was elected

cording to a schedule

filed

& Co.

Acwith the court, the assets of the

company, which failed in May
the liabilities at |3il, 419.

14,546,210
53.0*5,800
t/57u,5 77
6,670,785

ll,760,60-^

§2.825,800
j/553,557

4,963,069

;

220.275
2,785,602
270,000
17,020
1,707,716

figures for

June 1903

—

are

& Detroit River Railway.

last,

as trustee.

are placed at |37,648 and
of secured claims is

The amount

% Figures are for period to Aug. 1.
y These figures are down to the end of the third week of July only.
X Figures do not include Oregon Short Line BR. or Oregon RB.

&

&

The Central Trast
Sivings Company of Philadelphia
continues its record of growth. At the end of three and a
half months (business began on April 15 this year) deposits
are shown to ba $705,660 and the nuaaber of depositors 611.
As was mentioned on a previous occasion, the number of
depositors May 23 stood at 264, the deposits then aggregating
$445,620. The bank's six-story building is now in course of
and Market streets. The first floor and
basement will be set apart for the bank's own use, while the
upper floors will be utilized for office purposes.

erection at Fourth

—

H Includes proprietary roads in both years.
\ Figures are for period to Joly 25,

Navigation companies.

Citizens'

liquidated

tThe Monterey AMexloan Gulf was not Included In 1902 until March 1,
and the Mexico Ouernavasa & Paclflo Bio Verde Branch, e.tc, not for
any part of that year; all these roads are included In 1903.
Includes Lake Erie

—

When the alterations are completed in the east room of
the Orange National Bank Building of Orange, N. J., this
will be made the home of the Citizens' Trust Company of
Orange. The improvements are now in progress, and the
offices will very likely be in shape for business about September 1, at which time the company plans to open. The
company will operate in connection with the Orange National Bank, which latter is controlled by interests identified
with the United States Mortgage
Trust Company of this
city.

approximate.

I

this

given as $173,588 and the unsecured as $167,891.

§2,375,825!

a Figures are for period to June 14 only.
Boston & Albany included in both years

•

Of

—With the diasolution of the corporation of George D
Cx)k Company, the Chicago ofSce has been discontinued.
The business heretofore carried on by the corporation will be
continued at 25 Broad Street, New York, under the name of
Q-eorge D. Cook & Company, with George D. Cook and
Arthur B, Turner as the partners. As in the past, a general
bond business will be conducted, a specialty being made of
Mexican and other^f oreign investments.

totals.

§•2,596.100

Mexican Railway
Mexican Southern
National RR. of Mex...

248

&

3,399.523
4,705
303.642

Total (75 roads)
462,741,784 408,483,911 54,835,293
Increase (13 28 p. c.)...
54,257,873

Aug. 1903—

—Mr.

1,401,695
197,962

1,072,619
3.143,500
23,534,771
76,593
2,598,430
1,476,390
599,846
3,411,663
2,611,426
18,260.07^
71.512
66,591
836,376
2,005.365

sale.

Aug. 1903— 260

260

102 shares were sold at the Stock Exchange.
Otto T. Bannard, President of the Continental Trust
Company of this city, is expected to arrive homa next
Tuesday from Europe. Mr. Bannard returns after enjoying
six weeks' vacation spent in traveling through various parts
of Europe.
Traders' Bank of
—The stockholders of the Mechanics'
this city, at a special meeting on Tuesday of this week,
voted to enlarge the board of directors from fifteen to
twenty-five and to increase the Vice-Presidents to four. The
additional Vice-Presidents will act as representatives [of the
bank at its various branches. These changes have yet to be
ratified by the directors and the State Banking Ddpartment.
*

3,005,133

18,790,524

Latt previous

Price.

Trdbt Oompahibs— JVew Tork.
230

422,579
244,913
122,298
158,141
21,276
21,536
128,967
26i,031

20,192,219
1,270.581
3.619,605
26,934,294
81.298
2,902.072
1,353.007
886.740
3.572,327

8/iare$
Bawkb- RTew For Ac.
*142 01ty Bank, National

25 Windsor Trust Oo

4,077,104
9.609
878,105
4,504.345
834,295
10.633
418,033
370.704
22.812

16,939,977

2,915,2 9
20,892.993
Maoon & Birmingham..
79,690
fanlstlque
38.800
Mineral Range
330,685
Minneapolis <% St. Louis
1.615,770
Minn. St. P.& 8. Ste. M.
3,802,174
Mo. Kan. & Texas
9,265,816
Mo.Paolflo & Iron Mt... 82,823.393
Central Branch
715.765
Mobile Jack.* K. CltyU
199,229
Mobile & Ohio
4,472,637
Nashv. Chat. & St. L...
5,805,136
Nev.-Cal.-Oregon
101,961
W.Y.Oent.&Hud. Rlv.*. 45.4S1,746
Norfolk & Western
13,003,8 •5
Worthem Paoltlcll
25,450,975
Pere Marquettet
6,315,233
Bio Grande Southern...
296.913
Rutland RR
yl .253,400
Bt. Louis & San Fran .
Ohio. & East'n IlUn. 5 18,533,059
8t. Louis Southwestern.
3,968,623
St. Louis Vand. & T. H.
1,404,686
San Fran. & No. Pacific
72 1,692
Seaboard Air Line
7,482,747
Bonthern Indiana
591,599
Bouthern Railway...... 24,539,661
T. Haute <fe Indlanap. ..
1,121.202
Terre Haute <te Peoria..
348,997
Texas Central
299,772
Texas & Pacltlo
6,359,752
Texas Sab. Val. & N. W.
71,800
Xoledo & Ohio Central.
2,150.577
Xoledo Peoria & West'n
734.059
Tol. St. L. & Western....
1,740,858
<te

LoolsvlUe

Decreait.

180,435
106.6284,714
155,604
50.889

19,945,110

Det. Gr. H. A Mllw..)
Great No. St.r.M.A M.

East'n of Minnesota

Inereatt.

31.

211,176

Knoxv. & North'n.
420,i2ll
369,532
)
Baltimore & Ohio
37,643,5721 33,566,468
Bait. & Ohio So'w'n S
Bellefoute Central
43.005
33,398
Bntr. Rooh. & Pittsburg.
4,442.787
3,564,082
Canadian PaolUo
25,356.468 20.852,123
5,20A.858
Central of Georgia
4,371,563
Chattanooga Southern.
71,9i4
61,301
Ohio. Great Western
4,480.040
4,062,007
Chlo. Ind. it Loulsv
2.973,972
2.603,268
967,919
Ohio. Term'l Triinsfer..
990.731
New Orl.ATei.Pao. y3,«28.117 3.205,538
Cln.
Colorado A Southern...
3,522.228
3,277,315
Denv. & Rio Grande.. >
9,477,417
9,355,119
Rio Grande Western \
Detroit Southern
869,039
710,898
Dul. So. Shore <fe Atl
1,598.620
1,577,344
Bvansv. •& Indianapolis.
218,311
196,775
Bvansv. <fe Terre Haute.
99^,218
867,251
Ga. Southern & Florida.
998,059
738,028

Montana Central
Hooking Valley

TO JULY

Vl,363,027

Atl.

Qrand Trunk
)
Gr. Trunk Western.. >

has been dealt in this week
namely, National City Bank stock, of which
the sales aggregate 143 shares, 40 shares having been disposed of at auction and 103 ehares at the Stosk Exchange.
Oflly one lot also of trust company stock (85 shares) was sold
at auction. In the "curb" market rights to subscribe for
the new stock to be issued by the National Bank of Commerce sold at 15-17.
at public sale,

A.u«f. I.

xFlgares do not Inolnde Oregon Short
Navigation companies.

329

When the Maryland Bankers' Association meets for its
annual convention on September 24 it will be joined by the
The
Bankers' Association of the District of Columbia.
bankers will proaeed in the early afternoon by steamer from
Washington to Newport News. A visit will also be made to
Old Point and Fortress Monroe. A business session will ba

:

THE CHRONICLE.

330

held by the Maryland Assooiatfon on the steamer the first
night, while upon the steamer's return, the eeoond night, a
joint meeting of the two associations will occur on board,

—The increase in the stock of the Colonial Trust
of Pittsburgh

Company

was ratified by
well known, this addi-

from

$'3,COO,000 to J4,OCO,000

the stockholders on Monday. As is
tional capital is issued for the purpose of absorbing the
American Trust Company of Pittsburgh. The merger agreement was ratified at the same time, and the following were
elected officers of the new Colonial Trust
President, Mr.
T. Hart Given ; Vice-Presidents, John A. Bell and James C.
Chaplin Secretary John A. Irwin, and Treasurer Homer C
Stewart. The board is composed of thirty-ssven members.
The charter for the new company was granted on the 13th inst.
Still another increase will shortly be made in the company's
capital in order to takeover the Farmers' Deposit National
Bank and thug complete the general consolidation ontlined
;

;

in full in our issue of the first inst.

increase will be $2,800,000, giving the

The amount of this
company a capital of

$6,8OG,0CO.

K. Hart

Jr., for

some years

teller in the Liberty

National Bank of Pittsburgh, has been elected Treasurer of
the East End Savings & Trust Company of Pittsburgh. In
his new position, which he will enter upon on Monday next,
Mr. Hart succeeds Mr. C. C. Herr, resigned.

—The Jenkintown

Trust Company of Jenkintown, Pa., has
been organized with a capital of $125,000 and a surplus of
Business will begin about the middle of next month
125,000.
under the management of Mr. Henry K. Walt, President; J.
EUwood Peters, Vice-President and Paul Jones, Secretary

and Treasurer.

—

Mr. Qeorge M. Hall has replaced Mr. Louis Rott as
President of the Homestead Savings Bank
Trust Company
of Homestead, Pa.
Mr. Rott several weeks ago resigned
in order to continue as President of the First National Bank

&

Homestead.

—Mr. J. O. Miller, heretofore Secretary and Treasurer of
the Monongahela Trust Company of Homestead, Pa., has
been elected Cashier of the First National Bank of Homestead. The former Cashier, Mr. J. B. Neel, takes the office
in the Monongahela Trust whioh Mr. Miller vacates. The
latter

loes of

123,000, doe, it is reported, to the speculation

minor employees, has been sustained by the City

National Bank of Canton, Ohio. Owing to the fact, it is
stated, that the bank sees no way in which to regain the loss
it will have to be borne by the stockholders.

-For

the purpose of doing a safety deposit and trust busiBank Company of Elyrla, Ohio, has
amended its articles of Inoorporation, changing its name to
the Savings Deposit Bank
Trust Company.
ness, the Savings Deposit

&

—

At a directors' meeting on the 4th inst. Mr. Q. H. Corey
was elected an Assistant Cashier of the Colonial Trust <fc
Savings Bank of Chicago,

111,

—Chicago bank deposits have increased in ten years from
$180,000,000 to $500,000,000, an average annual gain of |33,During the past six years the average increase per
000,000.

annum

has exceeded $40,000,000, divided as follows:
Gain In eavlDga deposits six years
$76,856,784
Gain In Individual deposits
99,639,693
Gain in bank deposits
82.674,613
Totallnorease slnoe 1897

—Mr. W.

of

—A

of one of the

[Vol. LXXVII.

company,

as

we have

before noted, holds the owner-

ship of the First National.

—

&

The real estate business of Davies
Company of Wilkinebnrg. Pa., has been purchased by the Wilkinsburg Real
Estate
Trust Company, and about September 1 the latter
will remove to the quarters occupied by Davies
Co. at
Penn Avenue and Wood Street. The First National Bank of
Wilkinsburg, whioh is in the building with the Trust Co, and
whose stock is held by the same, -vy ill remain in its present
location. The first payment of 40 per cent on the stock of
the trust company was made on Monday. The remaining
payments will be made 30 per cent September 10 and 80 per
cent October 10. Of the |500,000 capital, |300,000 was used
to acquire the stock of the bank.

&

&

$258,071,090

During the same period New York alone of American cities
can show a more rapid growth of bank deposits.
We referred last week to the action of the Wisconsin
Bankers' Association on the subject of "Branch Banking
and Currency Reform." The following is a copy of the reso-

—

lutions adopted
"Resolved, Tliat the Wisconsin Bankers' Association approves ot
any reasonable amendment to Improve our present banking and oar*
renoy system, but we are opposed to branch banking.
"Resolved, That we approve of legislation to prevent the looklng-np
of funds In the United States treasury In eroess of current requirements, thus removing one main cause of perlodloal stringency.
"Resolved, That we would welcome any sound solution of the vexed
problem of an elastic or emergency currency, If Issued through conservative channels and with reatrlotions insuring its prompt retirement after Its work Is done."

For the ensuing year the Association will be offioered by
the President, Mr. John M. Holley, Cashier of the State
Bank of La Crosse, La Crosse; Vice-President, Joseph L,
Fieweger, Cashier of the Bank of Menasha at Menasha;
Secretary (re-elected), John Campbell, Assistant Cashier of
Ilsley Bank of Milwaukee, and Treasurer,
the Marshall
E. A. Dow, President of the State Bank of Plymouth at

&

Plymouth.

—The usual attractive report in book form of the proceedings of the annual convention of the Minnesota Bankers^
Association has already appeared, although the meeting
which it covers occurred only a month ago. As will be remembered, the session was held on July 7 and 8 at St. Paul,
and was referred to in these columns on July 18. Mr. Joseph
Chapman Jr., Cashier of the Northwestern National Bank
of Minneapolis, is Secretary of the Association.

,

—Mr.

Warren

L. Davis has been appointed Cashier of the

Farmerfc' National

Bank

of Reading, Pa., to succeed

Mr. R,

Monroe Hoffman, resigned.

—

&

The Lincoln Savings
Banking Company of Cleveland,
incorporated several weeks ago, is preparing to open about
September 1. The company will start with a capital of
|1CO,000, and will make its headquarters on Pearl Street
near Vega Avenue.

— On August 17 the

stockholders of the Savings, Building

Savings Bank is the name of a new Des
Iowa, institution whioh has just begun business.
Moines,
The bank was projected over a year ago, but its organization
has only recently been completed. The capital is $100,000, in
shares of $100 each. Mr. W. G. Harvison is the ''resident,
E. R. Clapp the Vioe -President and H. M. Whinery Cashier,
The banking quarters are in the Clapp Building, corner of

—The Century

Walnut and Fifth

streets.

the alleged embezzlement of $45,000 by one of
its clerks, the Commercial Banking Company of Dnluth, a
private institution with a capital of |25,000, has been obliged

—Through

to close its doors.

—An

order has been issued directing Receiver W. H,
Lightner, of the Bank of Minnesota, St. Paul, to pay a final
dividend of 10'17 per cent. With the 60 per cent already
paid the creditors will realize, it is stated, a total of 7017 per
The aggregate amount of claims
cent on their claims.
allowed by the Court against the bank, is, according to the

Loan Company and the East Cleveland Savings & Loan
Company, both of Clevelatd, will meet to vote upon the
transfer of the assets of the two concerns to the Reserve receiver's report, $1,659,939.
Tru6t Co. of Cleveland. The latter is a new institution
—The United States Trust Company of St. Louis, which,
which it is expected will te ready for busineES about: the firtt as noted in these columns last week, will hold a stockholders'
of the coming month. It will locate at65 Euclid Ave. While the meeting on October 21 to increase the authorized capital from
ordinary facet ions of a trust company are to be performed, $400,000 to $1,000,000, was organized about a month ago as
the company will pay particular attention to the rea' the Guarantee Trust Company. Before beginning business
estate tiu-t busicess. The names of the officials were jiven the company concluded the purchase of the premises formerin cur iesue of June 27.
ly occupied by the Colonial Trust Company, the price being,
entry into its new quarters in the it is stated, $725,000, of which $325,000 was cash, the balance
Anticipating the early
4i^ per cent.
Tho
Citizens' Building, corner Euclid Avenue and Erie, the remaining on bond and mortgage at

&

—

tinued

its

&

Trust Company of Cleveland has disconbranch at 65 Euclid Avenue.

Citizens' Savings

building will hereafter be
Co. Building.

known

as the United States Trust

August

—Mr.

THE CHKONICLE.

15, 1903.]

Thurston Ballard has been appointed Vice President of the Louisville National Banking Company of Louisville, Ky., to succeed the late Mr. John E. Sutcliffe.
S.

— The Columbia Trust Company, one of
institutions to organize in Columbia, 8.

the later fiaancial

C, has

for its officers

Mr. Henry Parsons, President, J. L. Minnaugh, Vice-President and Mr. E. W. Robertson, Secretary and Treasurer.
The company reports a capital and surplus of $100,000 each,
fully paid. It also has undivided profits of over |-t,000,
We
are informed that a recent offer of $310 was made for the
1100 shares, but no sale was effected, as none of the stock is
on the market. Mr. Robertson, the Secretary and Treasurer,
is also President of the National Loan & Exchange B'iak of

Columbia.

—The American
one of the
site the

National Bank of Richmond, Va., has just
its

handsome new home, on

most prominent corners

In the city, directly oppo-

commenced

the construction of

Government

property.

and brick, making
bank will occupy the first two
built of steel

be 10 stories in height,
absolutely fireproof. The
fljors, while the remaining

It will
it

eight floors will be divided into 80 offices, The main banking
is to be elegantly fitted out with bronze and marble

room

trimmings and metal

When

completed it will not
bank quarters in Richmond, but will also
fixtures.

only be the finest
be the first modern office building in that city. Although the
American National Bank has only been in business fiace
Nov. 1 1899, it has deposits of nearly two millions of dollars
—in exact figures (June 9 1903) $1,986,046. The capital is
|4CO,O0O and surplus, $100,000. Mr. Oliver J. Sands is President; Mr. Chas. E. Wingo, Vice-President; Mr. O. Baylor
Hill, Cashier; and Mr. Waller Holladay, Asst. Cashier.

—The orginizitioa has

been completed of the Staunton
National Bank of Staunton, Va. The bank has a capital of
$100,000, and will be under the direction of Mr. B. E'
Vaughan as President, W. F. McCue, Vice-President and
O. G. Childs, Cashier.

—Mr.

331

pt0ttcta vinl («y0miw cr ci al gn cjU sTt^\ ctus
IFrom oar own oorrespondent.J
London, Saturday, August 1, 1908.
At the beginning of the week tbere was an extremely apprehensive feeling in the city. The continued fall in New
York and the failures upon the Stock Exchange there led to
the fear that failures might occur here. At the same time
the news from South Africa was considered unfavorable and
the opinion grew up that the solution of the labor difficulty
would be put off indefinitely and that, therefore, the full
working of the mines oould not be resumed for a long time.
On Wednesday a better feeling arose, chiefly because of the
brighter news from New York. Besides, a very large " bull "
account in consols was closed on Monday and Tuesday. The
closing of the account caused consols to fall heavily, and this
created much disappointment, but it eased people's minds,
and the conviction spread that we should soon see a very decided Improvement in the consols market. This new hope
was strengthened by the fact that there was buying of consols
upon a very considerable scale by small investors. Those
who are in the best position to judge state positively tnat the
big institutions which might be thought interested in supporting the market did not buy to any extent worth speaking
of; that the real buying was by the general public; and as
this seemed to indicate a revival of confidence on the part of
the general public, it created a far more cheerful feeling than
has prevailed for a long time.
Moreover, there was an improvement in Japanese bonds
likewise. This was taken to indicate that the strain between
Japan and Russia had eased, to some extent at all events, and
that those in a position to be well informed had come to the
conclusion that it was time to invest in .Tapanese bonds.
There were three failures upon the S-.ock Exchange, but
they were not very important. In one case the differences
which could not be met were considerable. The other two
institutions were small. The failures did not make any impression upon the Stock Exchange as the losses in no case

were serious.
Upon the Continent business is exceedingly slack. The recent Russian Railway loan has been a success, and since then
the leading operators in Paris are in a holiday mood; indeed
most of them are leaving for the seaside. French institutions
are still buying American railway promissory notes, but they
are doing very little else in this market. They are also ready
to take more sterling and American bills, but they are holding out for a high discount. Upon the whole there is very

W. Hoyt has been chosen Vice-President of the
Bank of Jacksonville, Fla., an institution little doing here. The Investment which was very marked
in British securities recently has stopped, for the time being
which but recently began business. As noted heretofore, at all events. There is exceedingly little buying from the
Mr. E, W. Lane is President and Mr. Taomas P. Danham Continent of South American or similar securities, and the
F.

Atlantic National

Cashier.

—Comptroller Ridgely after an investigation into all th®
circumstances attending the organization of the National
Bank of Commerce of Fort Worth, Texas, and the Cherokee
National Bank of Enid, Okla,, has directed the discontinuance of all further steps in their organization and ordered
the return to the subscribers of all money paid in on the
capital.
The institutions, it was claimed, were connested
with the Inter-State Trust Company of New Jersey, which
has been restrained from transacting business, and for which
a receiver is expected to be appointed on September 28.

— Arrangements are well under way
bank

for the establishment

San Antonio, Texas. This institution has
been designated the National Bank of Commerce. The capital has not been definitely fixed but will bs either $250,000 or
$300,000. Approval from Washington was granted on the
4th inat. Mr. J. P, Barclay of 401 Augusta Street, San
Antonio, is one of those interested in the venture.
of another

in

—The

Fort Smith Trust Company, capital $100,000, has
been chartered to operate in Fort Smith, Ark. The officers
elected are Mr. O, E. Carnes, President; C. R. Green, Vice.
President; W. F. Blocker, Secretary, and J. K. Kimmons,
Treasurer.

—All details necessary to convert the State Bank of Little
Ro 3k, Ark., into the State National Bink of Little Ro^fe
have been complied with. Mr. Joseph E. England 8r. re.
mains as President and Mr. Robert S. Hamilton as Cashier.
Tne amount of capital at $103,000 also remains unchanged.

buying of American houses has eased off. Here in London,
on the other hand, there continues to be steady Investment in

American shares and American bonds.

The ordinary public,
as already said, believes that the worst is over in
York,
and as prices are now temptingly low, those who held aloof
so long are buying freely.

New

Abroad there is some uneasiness respecting the change of
Governments in Spain. Senor Villaverde is an exceedingly
able man, and be ia persona grata in Paris, but the way in
which he has been brought forward is disliked. It is thought
to be too evident an exercise of palace influence, and it is
feared that he will not be able to carry out the reforms
which he has so much at heart. It would be unfortunate if
he weie to break down, for he is not only an able man, bufc
he is in favor of the strictest economy and a reform of the
fiscal system in Spain, and he is entirely opposed to large expenditure upon the navy.
The rates of interest and discount are gradually rising.
This week the market had again to borrow from the Bank of
England, and it is evident that the supply of loanable capital
in the market is by no means as much as it seemed to be a
little while ago.
In Berlin money is also in good demand.
Indeed, it is alleged that the £100,000 in sovereigns withdrawn from the Bank of Eagland on Tuesday was for Berlin.
How the withdrawal could be profitably effected is not apparent, nor is it clear whether the money will be retained in
Germany or whether it will be forwarded to some other
country. In France money is superabundant, rates are low,
business is slack, and consequently, as already said, the
French banks are inclined to take more sterling bills. They
are holding out, however, for a discount of 3 par oent.
The general impression is that by and by gold will be
shipped from London to New York. In the first place,
American railroad companies have sold promissory notes
here to a considerable extent in the second place the buying
of American securities in this market has been on a large
scale during recent weeks and, in the third place, we are
now approaching thi3 export season, when it is reasonable to
anticipate a large increase in American bills here. Therefore it is thought prooable that gold will be shipped to New
York. If it is, rates will unquestionably rise, and the best
opinion in Paris is that should the disconat rate rise to 3 per
cent, the balances now employed in London by the leading
French banks will be very largely increased. Serious stringency in this market is not anticipated, but it is thought that
there will be once more a very considerable addition to the
foreign money employed here. The best opinion in the city
likewise is that the shipment of gold to New York will not
be on a very large scale, for it is considered that the liquidation which has been going on in New York for so long will
;

;

—Mr.

Q. Mossin, a Vice-President of the American
National Bank of Los Angeles, Cal., has been elected Manager of the Los Angeles Clearing-Hoase Asaociatioa, to succeed Mr. W. D, Woolwiae, resigoed.

—

J.

In accordance with a resolution adopted on July 13 by the
stockholders of the Boston National Bank of Seattle, Wash.,
that institution went into voluntary liquidation on the 8th
inst.
This completes the bank's consolidation with the
Seattle National Bank, for which purposa the latter increases its capital from $100,000 to $300,000.

:

.

.

THE CHRONICLE.

332

[Vol. TiXXVIi.

prevent any serious stringency in the New York money marBreadstuffs Fiirures Broaght from Page 3G1.— The
bet when the crops have to be moved, and that therefore very statemenis below are prepared by us from figures collected
by fche New York Produce Exchange. The receipts at
laiKe imports of gold will not be reqaired.
The India Council continues to sell its drafts well. It Western lake and river ports for the week ending Aug. 8,
offered for tender on "Wednesday 50 lacs, and the applications •nd since Amr, 1, for eaoh of the last three years have been:
exceeded 5,000 lacs at prices ranging from Is. 4d. to Is. 4 l-16d.
per rupee. Applicants for telegraphic transfers at la. 4 l-16d. Ktc*ivU at—
JTour.
Wheat
Corn.
OaU.
Barley.
RV*.
and for bills at Is. 4 l-32d, were allotted about 90 per cent of
BkU.l»6Ibt Bu»h.60lb$ BuiKidlbs BusX.Saibi Bu*k.48Ib< Bu.e6 {»!.
the amounts applied for. Later in the day the Council sold ;hiaaso
123,871
774.^50
1,6'59,300
998,010
90,826
46,600
by special contract a small amount in bills at Is. 4 l-16d. The tf Uwankae
54,075
41.380
6.700
103,700
e9 950
17,600
India Council has just issued a notification that in future the smlntfe
U1,SOO
146, 1«2
16,895
4.809
29,237
amount to be tendered for by any one applican t or on behalf lilnnaapoIiB.
639,690
41,570
128,380
83,390
104,880
198.000
389,000
of any one applicant must not in the aggregate exceed the rotado
203,500
14,947
6.800
22,889
•atrott
50.469
amount for which tenders have been invited.
iiaTaland...
St.Lonii....

BbkIIsM Financial Markata— P«r Oakl*.
are reported by

for seourities, etc. at Londot>
cable as follows for the week ending Aug. 14

I'ok.wk.iDOS

lohdoh.
niver, per oanoe

Thu.

Atob Top. A Santa

rn.

85%

25%

8inctAut.

91

256^7
91

91%

91%

97-80

97 80

3<H»

3%

S9

57%

5738

89i«

re..

Pretfrred

A

Thuri.

25Bi6

2538
257ie
CX>nBOlB.,iiew,S^ p.ote
91
911,8
For aooonnt
91%
913,8
Frohrent^BdnPftTle)!! 97-80 97-80
Anaconda Minlni;
388
3»8

Baltimore

Wtd.

d

89

89

80%

81%

82

59%
89%

61%
91%
X83%

1P03

67

84
89

127%

12718

29%
14%

29%
14%

31%

15
Chloa. Great Weatem.
Ohio. Mil. A 8t. Panl.. 141
Den. ARlo Or., com.... 23

139

139%

141%

23%

77

76

22
76

77

251«

2478

2458

2638

lit preferred
66%
48
8d preferred
133
nUnoln Central
Loolsvllle A NaahvlUe. 104%
li%
Mexican Central
Mo. Kan. <b Tex., com.
17%
38
Preferred
^.

65%

66
47

66%
48%

102%
14%

132%
102%
14%

133%
105%
14%

1708

17»8

1839

19%

109%
15%
19%

37

37%

38%

40%

40%

&

Do

rle,

do Preferred

common

21%
47
132

19
Natdon&l RR. of Mex.
37
Preferred
W. T. Cent'lA Hadscn. 122%
y. Ontario & Weet'r 21%
Morfolk & Western....
62%
Do
89
do
pref

.

Horthem
•Phlla.

143%
24%
78%
28%
68%
51
135
15

36

39

125%
23%
64%

20"»8

22

61
88
85

61

6388

8i
87

89%
89

N«wTorkr.

^,

kltkmond
<law OrlasD*
:«aivport News. . ....

68%
51%

.

saiTaiton
Portland, Ma
Mobil*
Port Arthur

41
127

89
92

23%

33%
42%
19%

33%
42%
19%

46%
22%

47

7138

22%

2188

22

71

70%

19%
32%
S5%

19
31

70%
20%
33%
54%

Do
do
pref.
Wabaeh
.«.
Do preferred
Do Deb. "B"

87%

64%

86%
89
•.?4%

36
61

CCommcvcial itiid WiisctlhxntoxxsJ%tvos

."..

(qnar.)

Phtla.

Gerniantown

Union

&

Pacific, com.

and pref

Norr. (qnar.)...

.

Bntterlck Co. 'qnar.)

Diamond Match (qnar.)
.„....,
Fay (J. A.) A Kyan, ccm. (qnar )
do
do
do
pref. (quar.)
Great Nortbern Paper
Kattonal Blccnit, com. (qnar.)
do
do
pref. (quar.)
Niles-Bement-Pond, com...
do
do
do prel. (quar.)
North American (qnar)
Pltt3bnrgh Brewing, com (qnar.)
do
do
pref. (quar.)
Pratt & "UTiitney, pref. Cqnar.)

Quaker Oats, pref. (qnar.)
Bubber Good* Mfg.. pref. (qnar.)

Auction Sales

2
3

Aug
Aug
Sep

1

4

t

to

26 Aug 18
to
4 Holders of reo.

Oct

1

2

American Kailway.s, Fliiladelphia
Colnmbns (().) Ky cnm. ((jnar.)
Dayton SprinR & tJrbana, pref. (qnar.)
Eonston Electric Co., pref
Shamokln (fe Mt rarmel Elec, pref..
BUaeeUaneena.
American Cerc«l (iiiiar.)
..
American Coal
Barney «fe Pmitb Car, pref. (qnar.)...

Transfer books not closed,

1

to
Sep 2
Sep 2
to
Holders of rec.
Holders of reo.

2

Utica Clinton & Bln^rhainton
Street Rallvrarii.

*

Aug 16

1

3

ChesTnut Hill (qnar.)

Mahoning Coal
North Pennsylvania

1

Aug

l%Sep
1^4 Sep
1% Aug

15

Aug 30

1

7
7

Aug 20
25

Aug 19
Aug 20

to

Oct 13

to

Aug 31
Aug 15
Aug 12

3

3
2

Aug
Aug
Aug

f

Aug 39

1 Holders of reo.
16 Holders of reo.
1

20 Holders of rec. Aug 15*

Aug 22
Sep
1 Aug 32
6
2
Sep
1 Aug 31
1 Aug 21
Sep
1
a^uSep 12 Aug 30
1>« Aug 30 Aug 11
1»4 Aug 20 Aug 11

8

31

l;Aug 25
l^lsep 29
Aug 31 Aug 17
it ISep 19 Sep 13
I'a Aug 16 Aug 9
1 Aug 21
1
{Sep
l%]Aug 20 Aug 12
1»4!Au- 2(' Aug 12
Aug 9
1^ Aug
\^ Aug 31 Aug 23
1»« Sep
16 Sep 6
3

1
1>4

Correction,

Sep
Oct

t

73.542
7.089
26,714
222,014

40,725
18,668
1,402
80,316
711
2,143

..

4,064

811,885
63,743

Also 2

p. o.

Angle
Sep

1

Aug 20
Aug 20
Aug 16
Aug 31
Sep 14

payable Dec. 19.

—By Messrs. Adrian H. Mnller & Son

Aug.

Jontlnant.

A 0. Amarloa.
Wait Indies

•r,H.Ani.Oolo'i
nhar dountrlas

Total
rotal 1001-03....

.

8.

Slocks.

StoekB.

1,000 Yaqul Copper Co.$5 per Bh.

944811

bbU.

&

" 4,000
8.200

60,858

47,920

16,946

114,870
80,691

83,751

31,047

30,173

696

week and ilnoe

Wetlt

Wheat.Sin«« Jul]/
1,

1908.

bulk.

270,808
93,616
137,638

6b0
204,780
275,681

1,499,388
1.660,389

bu*h.

1,671.172
289,686
1,600

7,040.038
8,068,7fl4

Wttk

-»
Corn,
Sin** July

Aug.

6.

btu^.
860.871
527,834

3n5

2,873

20.890

117

14,074
83,718

49,341
1,968,358
8.379,108

1,818

10,161,038
14,5i4.074

011,835
69,743

1,

100&

blifk.

9,781.504
8,868,286
15,483
108.114
16,063
436,400

7,296,828

474885

supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and

The

visible

<eaboard ports, Aug. 8, 1908, was as follows:
Oatt,
WM»t,
Otrn,
i»it«r«a>—

Mtah

fawTork

Do

637.000

afloat

a •

»««

465,000

»«sk.

171,000

81,000

1.000
13,000

1,000

365,000

3.000

"47.b«6

868,0(>6

1,000
769,000

23',00()

iso'.obo

iiiiiooo

807,bui

'is.oo'o

19.006

zi.ooo

10,066

1,610.000

^.

roronto
•uSalo

73600

64.000

}aiTaston
llontraal

S,i72,o66

2.781, 600

244.000

14,000

74.60(i

1.000

82,008

88,6(}6

184, UlO

189.000

afloat...

rolado

...

afloat

iatroit

Do

afloat

ifcisago

Do afloat
lUlwaakao
OO
Afloat

....

828,000

rt.Win'm» PtArth'r
Oultttk

Do

875.000
124,000

afloat
2.226,000
1,609.000

tUnaeapolls
at. Louli

"8.006
279,000

afloat.....

638 000

Peoria
Indianapolis

0.000
568.000
_„„ „„
882,000
2 40,000

in Misaitsippl HlTar.
in Lakes

Total Aug.
Total AOK.
rotal

84.000
909.oua
97,000
873,000
54,000

My*,
buah,

kuik.

727,000

ialtimora

Do
Do

kuak,
233,000

331,000
146.000
041.000
169 010
l.iea.ooo
348.ouu
4,000
788,000

aaw Orleans

Oaaanalandrlrer.

Pow,Co. lBt58, 1932, MAS. 10
$7,000 PennsylvanlaCentral
Brew.Co. l&t68l907,A&O. 70

kWtfc.

eo

Aug.S

1. 1003.

133,451
Su,4ie
9,052
29.294
J.8S7

KaniasCltr

20 Brooklyn A cad'y of Mnslo
with twotlcketB
117
40 National City Bank
.260
60 Bond A Mort«r. Guar. Co. 295%
25 Windsor Truct Co
280
fiO North Hempstead Light &,
Power Co
1

Bondi.
9P6,000 No. Homp^tead Lt.

304,780
875,681

Sine* J%lv

bbia.

I.

Do
:

86,173

of these exports for the

Wttk

Phlladaiphia...

Sep 20

4,001

below:

1908, is as

1,

JBmrIt,

35,081

51,892
3,060

P«ai,
bulk.

38,2i!0

•

loiton

Aug 31

to
to

225,683,111

429

Sep 1
Sep 1
Sep 1
Sep 13
Aug 30
Aug 20
Sep 1
Oct 16

to

66,188

kH$X.

714

I3v!.897

Port Arthur

Aug 31

to
to
to
to
to
to
to
to
to
to
to
to
to
to
to

bbli.
67,437
9,231

276,076
88.579
8l,coo

4O000

week anA tine*
/Ulv 1 to—

Sep
Oct
Oct
J'ly

"3.618

7,546,469
1.098,803

930.695.330

Oati,
buih.

#ieur,

buth.

758,970
448,000

MvforU for

Kallroada (Steam).

Sep
Oct
Oct
3
1% Sep

73,790

80O

2,668,3(!5

10?.637,640

-r\owr.-

Books Closed.
(Days Inclusive.)

8

1,176,989

Oorn,

The destination

1

837,885

46,745

24.806

46174,474

167,595.162

amtad EinKdom

Baffalo & t^usquebanna, prel. (qoar.)..
Canatlian Pacitic, com
do
do
pref

129,a>^S

114,463
101.H99
97.821
36,830
89,000

81,000
4.064

8,021,662

82.043,787
3,843,436
8,051,660

'

JalTaston.....
Mobile.

Jnly

When

78,650
182.000
40,000
6U8.600
133,000

But,
6.886

55 473.410
115.744,680

Total waak.. 1,962.358
Samatlma'oa. .8,379,108

DIVIDENDS.
Per

379.»-94

48,195

ftitik.

i»,ei4.iei
8,148,396

"

nawn'rtMawi

Cent Payable

289.460
77.634
459.449
94.814
101.568
86,396
28.900
£5,714

94,881 510
80,238,915

•'

Montraal

Company.

441.176
44,788
901,829
170.S02

Beriir,

819.300

y>Hi\,

,

Price per nhare.

Jf^ame of

oati,
kutk.

OSfH,
k«(h.

68.287,933
11,73H.»34
85,271,779
1,604.388
1.8*3,531

fVhttt,
Sx9orU fr«m— buik.
Naw York
189,209
Boston
49.679
Portland, Ma. 132 000
76.ooo
Phtiadaipkla..
200,ooo
Saltimora
fawOrlaans.. 73.£00

73%
22%

22
36
60

toi

The exports from the several seaboard ports for the week
•nding Aug. 8, 1908 are shown in the annexed statement:

77

24%
73%

662.236

1000.
13,768.416

Total sraln...

2288

89

261,977

1901.
18,323,504

»Tew.

44%

35%

87

6,033.093

1002.
11,080.641

Barley

Preferred
D. 8. Steel Corp., com.

13,989,767

383,868

Data.

42

38%
42%
19%

28
42
35
85

li07.017

8,166,028
8.688,426

bnih. 60.468,397
69,f8«,H73
"

Wheat

41
34

7578

109,604
197,171
202,966

2,016,133

1903.
.bblB, 12.464,777

Oorn

25%

83%
73%
88%
22%
71%
20%
33%
57%

31.j,986

8,SH4,(>33

714

.lour.. ..........

t54%

24%

80

140,008

4«0

B*«H9t Of—

24%

41

83
71
88

4,894.940

2,148

Total waak....,.^

23Be

72%

Preferred...^

2,388,447

591,135
704
88,790
23S.531
480,946 3.818.000
Week 1003
Total receipts at ports trom Jan, 1 to Aug, 8 oompare as
follows for four years:

41

Dnlon Pacific

207,917
141,029

1.916.138

10936

Baltlmora

2878

41

20Sb

05,130

8,999,S64

43.683
43,148
«6,80u
3.015
18,770
1,402

Pklladalpkla.

78%

x89%
90%

199,564

3,484,399

16,316,331

kbit
164,890

«*.

Boston
Montreal

16%
146%
24%

137

107%

2,916,133

Wiour,

suKatiat—

129
3388

83

*Read

*PhUa.&Read.,l8tpref
•Phlla. <6 Read., 3d prel
Southern Paolfio
gonth'n Railway, com.

•

1V888
3278
16

123%

123

20''e

87%
24%

SeonrltleB

15

3,^%

36
122

x87

6,149.889

4,000

the

84%
87%

88
12608

Ohio

1,105,248

7,800

10,800

The receipts of flour and grain at the aeaboard ports
week ended Aug. 8, 1908, follow:

92

87X9
Preferred.............
Oanadian Paolfio
128
Obeeape&ke
Ohio.... SO

1,916,138

7,a9&,395

391,3S2
813.497
849.091

no?-

6278

18:^,000

68,779

1.

lios

90i3i, 0088
90l5,g 90%
97 72>* 97 7.5
3%
s^a

193,000

8,989,664

891.883
420 625
433.589

iamawk.OS.
lama wk.'Ol.

Mon.

Mat.

131.990
236,100
177,800

9,800

Caatai Oitr-

,

161,210
241.O0O

1,081,200

Mofia

The daily closing quotations

80.823
889 332
32,«00

19,331

40,976

Aug.

Total Ana,

r Hal Aug.

..

1908.. 13,416.000
9, 1002... 21.773,000
10,1901.. »h,91b,000
11, 1900. 48 218.000
1.

.

,

'

164,000
158.000
£4,000

968000

4«b,oo6
516,000

541,000
883,000

37,000

70.0M

liioih
18.000

"iiiooQ

81,000
4.000

'

1,000

12,000

13.000

.

18 099.000

8. 1008..

iso'odo
61.000

80.080

6,767,000
«,b90,000
6,166.000
13,2M6,000
ll,il51.000

6,80'?.000

e,4H5,000

'io.ob's

5'>7,000
«fi8,0C0

1.616.1)00

297.000

4,445.000
6.867,000

634.000

7.J1.000

400.009
348,000
89,000
3IJOOOO
SSO.OOO

8

.

Auausr

^

THE CHRONICLE.

15, 1903.]

New York

City Cleariiu:

week

House Banks.— Statement of
Aug. 8, 1903, based on aver-

eutling

condition for tlie
age of daily results.
He oviit two ciphers (UO)

BANKS.

Surplus.

Capital.

in all cases.

Loans.

Legals.

Specie.

1

Bk. of N. Y.
Manhat. Co.
Merchants'
Mechanics'.

America
Phoenix

...

City
Clieinical

..

Merch. Ex

.

Gallatin....

But.

ifc

Drov

Mecli.itTra.

Greenwich
Leath.Mfrs.
Amer.Kxcli.

Commerce..
Merciiutilo.
Pacific
Chatliain

...

Peoples ...
N. America

Hanover

...

Irvinsr
Cltizen.s'

..

Nassau
Mar.A Fult.
ShoeitLthr.

Corn Exch
Oriental

.

...

* Trad

Imp.

Park
East Hiver
Fourth ....
Central
Second
First

N.Y.Nt.Es.

Bowery

...

N. Y. Co...

German Am
Chase
Fiftli

Ave..

German Ex.
Germauia

..

Liincolu
Gartielrt

Vilth

Bk. i.fMet..

West

Side..

Seabonvd

..

IstX.Hklyn
Liberty

N.

Y'.

New

Pr.

Ex

Amst.
Astor

Western

ToUl
t

...

2,000,0
S.OOO.tl

1,500.0
1,000,0
25,000,0
300.0
600.0
1,000.0
300,0
700.0
500.0
600.0
5,000.0
10,000,0
3,000,0
422.7
450,0
200,0
2.000,0
3,000,0
1,000,0
1,550,0
500,0
1,000.0
1,000,0
2.000.0
600.0
1.500.0
3,000,0
250,0
3,000.0
1,000.0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0

200,0
300,0
1,000.0
250,0
1,000,0
200,0
500,0
300.0
1,000.0
1,000.0
500.0
350.0
10.000.0

*
2,357,0
5,243,0
2,173,5
2.342,0
3,230.5
772,0
23,669.7
4,074,0
995,8
970,6
550,9
298,0
481,8
1,024,2
3.914,0

.*

.i;

New York

City, Boslou and Tliilailolphia Banks.— Below
a summary of the weekly returns of the Clearin.g House
Banks of New York City. Boston and Philadelphia. The New
York figures do not include results for non-member banks.
HV omit two cipher.'i (OO) in all these fit/ures.

Vepositi Ke.

2,465,5 17,025.0
2.376.9 19.253.0
1.407,2 11,58.>,6
2,768,5 12.524.0
3,573,5 20,336,5
4,215.0
330,9
15,828,4 135.363.2
23.765.3
7,459.1
4.931.2
336,6
7.833.1
2,148,3
2.097.7
111,6
3,96;<,0

3 1)0,

515,7
554,3
3,781,4
8.067.2
4,459,6
5S>^,6

1.079.2
393.6
2,070.6
6.398,8
1,072,6
671,0

304.9
1,211,7
363,2
3,320,8

842,8
6,626.6
6,867,4
156,9
2,964.5
011.2
1,281,6
13,174,1
8^6,0
773,7
635,0
493,8
3,690,5
1,643,1
658,8

849,8
1,284,1
1.301.3

375.0
1,413,0

509,0
1,313,0
575,9
1,858.0

486.5
592,6
508,4
3.267.5

1.974,0
4.672.6
28,178,0
74,684,7
22.995.0
3.283,1
5,9S1,8
2,250,9
15.384,6
44,150,8
6,222,0
7,264,3
2,702,7
6.057,8
5,079,7
25,679,0
5.202,7
22,S60,0
55,793,0
1,192,2
16,606,4
8,838,0
9.344,0
74,831.8
6,447,4
2,736,0
4,311,8
3.45.5,8

35,546.3
8,943,0
2,851.3
2.903.5
10.674,5
7,255,1
2,379,9
7,255,3
3,279,0

11,251.0
3,868,0
9,665,8
4,109,8
5,813,2
4,649,0
61.179,7

$

•f

t'.C.

15.774.0 26-1
23.37S.O 31-9
12,,'^09,2 25-3
12,970,0 29-3
21,932.6 2oO
4,012,0 28'1

1,762,0
'2,215,0

1,070,0
1,466,0
2,262.4
357,0
9,096,5 12 1,951, J .'6-8
1,971.6 22,614,6 26 6
546,0
5,403.4 .18-5
532,1
5.312.7 28-2
27,5
2.462.9 23-7
385,0
3,770.0 18-1
813.5
1,776.6 44-7
397.3
4.808.(1 29 o
2.069.0 21,985,0 27 -2
0,003,6 61,792.7 24-6
1,239,2 18,749,:- 21-9
492.6
3.817.6 20-V
898.9
6,213,6 29-0
426,3
2.502,9 22-2
1,616,7 1'2.555,3 27-3
7,318,3 54,159,3 30-V
344,5
5.5SO.0 260
560.2
8.277,1 25"5
274.3
3,073,7 21-5
598,3
6,123,6 29-3
179.9
5,890,1 25-4
3,297,0 31,097.0 •J 5 -7
828,2
4,859,1 301
1,231,0 20.177.0 25-2
5,096,0 63.817,0 2 '.'•9
189,3
1,238,0 23-8
3,163,5 18,026,5 26-8
616,0 10,360,0 28-0
1,079.0
9,887,0 24 1
2,530,9 63,536,1 29-6
536,2
5,451,6 24-V
198,0
3,029,0 19-2
329,0
4.665,9 21-1
199.1
3,376,7 27-2
2,409,5 46,863,5 34-3
236,8
9,750,1 255
615.5
3,236,0 24-7
509,7
4,505,0 20-5
" 402,9 11,106,0 24-3
278,9
7,248,7 24-0
145,1
2,377,5 23-3
463,1
8,175,6 23-8
307,0
3,525,0 23-4
1,609,0 13,344,0 29-2
790,0
4.113,0 29-4
240,0
8,070,7 26 1
253,5
4,135.3 29-5
376,5
6,022,8 220
285,0
4,700,0 24-4
3,143,9 65,883,0 28-0

9,224,2
2,874,3

299.0
906,3
131,3
1,786,5
9.316.9
1,109,3
1,540,7

390,3
1,199.4
1,318,7
4,709,0
636,2
.3,872,0

12,735,0
106,0
1,684,7
2,287,0
1,312,0
16,285,6
814,0
385,0
658,0
723,3
13,672,5
2,253,4
185,0
416,4
302,5
1,506,1
411,3
1,483,1
518,0
2,299,0
422,0
1,874,0
967,4
948,6
865,0
15.309,9

110,422,7 129,661,2 912,697,1 171,841,9 77,813,3

t

9122725 27-3

Total United States deposits included $37,294,900.

—

Keports of Nou -Member Banks. The following is the
Btatement of condition of the non-member banks for the
week ending Aug. 8, 1903, based on average of daily results.
We omit two ciphers (00) in all cases.

333

is

Ca/iitali^

BA.SKS

^
2,000,0
2,050.0

Zoans.

Surplus.

N.Y.

Capi-

OOs omitted.

tal.

Jnvest-

plus.

Specie.

A-Bank

A otes.

ments.

Net

Leg. T.

Other Deposits
Agent. Jiks. di-c

Clear')/

MandBr'nx
Colonial
Columl)ia

..

14th Street.
Gansevoort.

Hamilton ..
Mt. Morris

Mutual
19th Ward .
Plaza
Kiverside ..
State
12th Ward .
23d Ward..
Yorkville ..
ridelity

Varict
Jetlerson

..

Century ...
Wash. Hgts
TJnited Xat.

$
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
1,000,0

^
1,993,7
3,266,0
1,629,9
1,712,0
2,322,9
2,123,4
2,240,2
1,274,4
2,765,0
1,101,4
6,588,0
1,433,0
1,239,6
1,800.2
629,8

$
207,4
271,5
102,6

160,863,4 76,217,1
1()6,367.1 78,142,5
170,738,3 80,786,2
171,841,9 77,813,3

57,1

120,8
112,5
191,7
194,6
239,4
10.^3
492,4
99,1
m.ii
265.2
113,2
60,4
239,6
53,2
116,6
208,6

834,8
1,828,3

339,6
584,7
1,963,9

3

9,7
4,5
8,3
5,3

11,2
182,3

$
201.3
106,0
62,6
101,2
82,5
77,1

168,4
114,7
133,0
77,2
234,0
211,0
125,4
182,2
41,1
73.5
63.0
19,8
21,2
51,0

1!

329,9
256,0
273,2
124,1
93,5
150,4
286,6
365,7
423,0
78,7
108,0
58,0
151,9
174,9
45,2
98,2
132,1
48,8
62,4
95,1

.$

186,4
3,0

$
2,526,8
3,310,0
1,S89,4

28,9
100,0

2,485,5

54,2

•2,586,3

107,1
31,9
482,0
5,0

32,8
1,9

6,6
o

17,0

1,,S36,9

2,491,9
1,583.4
3,310,0
1,110,4
7,160,0
1,788,0
1,507,0
1,879,3
571,5

900,0
1,502,3

303,4
463,0
1,123,4

Borough ol
Brooklyn.

Broadway
Brooklyn

.

..

8th Ward...
Mfrs.'Nat..
Mechanics'
Merchants'.

Nassau Xat
Nat. City

North

..

Side.

Peoples
17th Ward

.

SpragueNat
XInion

Wallabout

Borough
Borough,

.

...

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
100,0
200,0

316.9
165,0
20,0
531,3
391,7
45,9
653,9
595,0
165,7
160,9
85,0
268,2
122,3
70,3
86,4

1,960,0
1,480,5
360,5
2.875,5
5,425,9
907,3
3,676,0
2,922,0
893,2

618,9
940,0
1,321.9
774.5
943,3

108,9
43,4
36,3
9,6

86,9
29,0
40,6

25,0
100,0

75,6
106,4

530.4
732,0

23,6
35,5

15,0
10,0

400,0 1,039,8

4,337,1

195,8

l,26i',9

10,7
87,5
4,0
341,1

138,9
7,5

193,0
141,0
11,6
64,2
8,0

156,0
57,6
28,0
65,3
400,3
60,9
351,0
195,0
57,9
73,0
49,1

338,0
185,9
44,8
662,6
480,9
100,2
581,0
377,0
45,3

114,8
74,4
152,5
143,2

26,7
26,0

45,0
10,0
22,0
102,0
166,5
62,

10,2
78,0

2,118,0
1,537,8
439,7
3,533,3
6,330,6
979,5
4,090,0
3,182,0
930,0
1,381,3

16,571,0
16,304,0
15,942,0

,52,322,0 186,.")95,0

Auk

52,322,0 184,502,0
5'2,322,0 184,618,0

1

.\us 8

.\.U1*

86,4
180,2

23,7

502,1
751,4

268,0 1,510,7

269,4

AuR

oi

Bichmond.
Bk.otSt.ls.
1st Nat., S.I.
Other Cities.
l8tNt.,J.C.

Hudson

Co.
Xat., j.C.
2dNat.,,T.C.
3d Xat., J. C.
1st Xt., Hob

2dNat.,Hob

250,0
250,0
200,0
110,0
125,0

030,2
290.0
270,5
522,7
142,8

2,263.2
1,163.0
1,<I91.5

2,715,3
1,095.4

82,4
69,0
4^s4
119,6
34,9

220,9
117,7
605,6
135,3
45,6

57,1
10,3
43,6
11,4
22,9

125,820,1
114,682.3
125,212,9

209.223.0 11,292,0
205,773,0 11,312,0
203,286,0 11,300,0

125,866,6

('>,

104,3:18.6

;

Imports and Exports for
the imports at

Aug.
Aug.

New York

tlie

for the

Week. —The following are
week ending for dry goods

for the week ending for general merchandise
also totals since beginning first week January.

and

6,

7

;

FOREIGN IMPORTS.
J'or week.

1901.

1902.

1903.

1900.

TotaL
Since Jan.

$2,576,650
7,430,480

$2,319,568
9,815,137

$2,260,546
6.593,341

$2,070,234
8,400,081

!^10, 007,130

General Merchandise

12,134,705

$8,853,887

$10,470,315

$84,252,925
287,845.476

.$76,525,178

$64,807,747

265,036,340

278.334.7ii8

$76,068,399
263,334.994

1.

Dry Goods
General Merchandise
Total 32 weeks

$372,098,401 $:Ul,561,518 $343,142,455 $339,403,393

of dry goods for one week later will be found
dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Aug. 10, and from January 1 to date.

The imports

in our report of tlie

EXPORTS FROM

NEW

THE WEEK.

Y-QRK FOR

1903.

For the week
Previously reiiorted..
Total 32 weeks

1902.

1901.

1900.

$8,052,861
204,495,991

$9,513,910
280.83:^341

$8,412,705
314,247,110

324.953,,S73

$9,674,770

$302,548,852 $290,347,251 $322,659,815 $334,(i28,643

Note.—As the flgures of exports as reported b.y 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 adjn.st
the totals by adding to or deducting from the amount "previously, reported."
The following table shows the exports and imports of
specie at the port of NeAv York for the week ending Aug. 8
and since Jan. 1, 1903, and for the corresponding periods in
1902 and 1901.
EXPORTS AX'D IMPORTS OF SPECIE AT XT.W YORK
Exports.
Gold.

Week.

Imports.

Since Jan.

Great Britain
France
v.'.'.'.'-'.'.

1.

Week.

Since Jan. 1.

$2,929,115

$20.2"89/J"8"i
3,<i76,5:i5

1,730,786
32,487
7,668,312
10,300

'$2!6'25

17,709
2.856

143.682
171,795
399 424
39.859

$2,100 $32,808,401
24,989,703
11,590
29,201,518

Indies

$23,580
3S.749
67,420

$3,683,875
1,540,500
1,746,823

'ijiiloo'o

1,100

All other countries

Total 1903
Total 1902
Total 1901
Silver.
Great Britain

544,4 45

990

$371,605 $16,753,760
1,870,069
36,075
2,600
146,594

France

Germany
West Indies
Mexico
South America
Total 1903
Total 1902
Total 1901

15,713
1,500
562

26,063
776,097
173 338
3,464

$20,074
36.577
90.750

$1,022,962
818,876
2,297,037

$2l2'9"9

886,460

.;408,350 $19,743,883

451,467
617.610

$44,000

"84;406

""""670

All other countries

19,947,132
30,089,752

Of the above imports for the week in 1903, iji2,025 were
American gold coin and $4,241 American silver coin. Of the
exports during the same time §1,100 were American gold
com and %
were American silver coin.
Auction Sales.

—See page preceding.

gauliimg and

Spencer

"^iuixwti'Al.

Trask &
BANKERS,

Co.,

W^II^liIAM & PINE STKEEXS,
NE^V YORK.
Transact a o-eneral banking business; act as Fiscal
Accents for corporations, and nefyotiate security
issues of railroads and other companies.
Execute
commission orders and deal in

INVESTMENT SECURITIES.

Members
62,2
12,7
81,7
27,3
38,4

6,571,0
602,0
6,597,0

111,254,3
8
"( lu(i to other banks,"
t Including lor IJoston and riiiladolphia the itum
b'ov lioston those (i (ivi'Moiicut doposita
and al.so GovonmicMit di'po.sils.
amounted on August 8 to $6,326,000 on Au.!;nst 1 to $(>,,312,000.

5,574,8

750,4
837,8

7.280,0 206.036,0
6.91S,(i 204.801,0
6,336,0 203,657,0

51,056,0
49,488,0
49.803,0

44,764,0 186,223,0
44,764,0 1,><4,51,5,0
44,764,0 183,278,0

1

5.82,4
1,4:-! 0,5

895.208,1 4:!.908.9 1,422.327,7
)02,376,h 4;!.S19,'J 1,253.588,6
909.857,7 4:i,862,Ci 1.240.665,4
91 '2, 27 2, 43,916,9 1,249,434,2

IMiiln.

J'ly25

966,0

149.6
41.2
34.4

45,0
72,7

Clearings.

Intion.

Hon.
J'ly25

Mexico
South America

39,9
143,0
86,2
27,7
126,1
79,7
19,2
30,0
145,0
14,4
409,0
30,0
52,2
24,4

Circuposits.

.$

.riyl8 230,091,6 907.015.5
J'ly2D 2:^9,091,6 907,899.7
Aug: 1 239, 091, () 908,864.5
Am; 8 240,083,9 912,607,1

West

N. Y. CITT.
Soroxighs ol

Legals.

Specie.

Deposit with

BAXK.S.

5

^

1,909,4

N. Y. Stock Exchai)Ke.

Moffat

986,6
1,642,9
2,472,9
1,110,7

Branch

Office, 65

State

St.,

Albany.

& V/hite,

Kew York Stock Exchange,
NASSAU STREET, CORNER WALE,
Dealers in Investment Securities.
njeinbers

Tot.Atig 8 8,612.0 101133]77,959 1 3,260,0 4,312,1 9.676.4 2.270,1
84,458,6
Tot. Aug 1 8.612,0 101133 78,509.1 S404,3 4.203,1 9,o,s7.0 2.-05,5 -4.339,6
Tot. J'ly25 8,612,0 101133, 79,49li 8 3,360,2 4,581,8 8,708,9 2,229,0 .-54,824,1

1

i

TeL

5820-5821 Cortlandt.

Telephone Stocks a Specialty.

'

THE CHRONICLE.

334

Wabash debenture series B have covered
down to 53 on Monda)' and recovering

^lanUcrs^ Gu^ctti^.
For IHtidtnda $ee pagt

[Vol. LXXVII.

selling

above 60 at the close.
in request, the gold -Is

33a.

a wide range,
to a fraction
Seaboard Air Line issues have been

moving up 3 points on bids which
brought out but few bonds. Rock Island issues have been
WAL.L STilBBT. FRIDAY. AUG. 14. 1903.-0 P. M.
The Money Market and Financial Situation.— The stock active, notably the collateral trust 5s, which advanced 3 [ oints.
United Stales Bonds.— Sales of Government bonds at the
market has undergone a remarkable transformation within
the week. Saturday's bank statement showed an increase of Board are limited to $13,000 5s reg., 1904 at 1013^. The
loans, a decrease of surplus reserve and of cash sufficient to
attract attention and aid professional traders in further depressing the market. So effective was the pressure brought
to bear that a list of seventy- seven stock issues made new
low records for the year.
change of sentiment began to be felt on Monday which
bas bee me more apparent day by day, and resulted in a

A

feneral and pronounced recovery from the depression noted,
'bis change was stimulated by an increase in Canadian Pacific's dividend to 6f, and further by its becoming apparent
that in some stocks the short interest was heavy. Aside from
the matters referred to and reports of new railway alliances,
there is nothing new in the general situation.
feature of interest has been the continued weakness of
foreign exchange, a further decline in rates and increasing
probability of gold imports. The crop prospect is still an
element of uncertainty. Spring wheat is nearing maturity,
and its condition will soon be fixed, but the corn crop, now
subject chiefly to the effect of frost, may not be determined
for some time to come.
The o\^n market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1 to 3 per cent. To-day's rates on call were 13^ to
2 per cent. Prime commercial paper quoted at 6 per cent
for endorsements and 6@63^ for the beet single names.

A

The Bank of England weekly statement on Thursday
showed an increase in bullion of £247,828 and the percentage of reserve to liabilities was 4964, against 49'89 last week,
the discount rate remaining unchanged at 3 per cent. The
Bank of France shows a decrease of 3,800,000 francs in gold
and 1,900.000 francs In silver.
HEW TOaK OITT OLBABINO-HOUBB BJiNKS.
1903

JHfftrtnou

Aug 8

prtvioua *o«tk

1902
Aug. 9

from

1901
Aug. 10

following are the daily closing quotations; for yearly range
vage foUotmng.

aee third

InUr$st Aug.

P*noAi

110422.700

Surplus
Loans & dlaoonnts
Clronlation
Net deposits
Specie
Legal tenders

129,661.200
913.697,100
43,916.900
•912,273,600
171.841 900
77,813,300

Ino
Ino

3,8.')2,600

Ine
IBO

54.300
7,414,800
1,103,600

100,072,700
114,637,100
928,494,800
959,643,000
171,40^,400
77,473,800

88,222,700
97,365.600
886,466,600
30,693,200
965,381,000
188,096,600
79,202,700

31.«*<O,3()0

Deo

2,97a,9i>0

Beserro held
as p. o. ot deposits

249.655,200 Deo
328,068,120, Inc

J, 869,300

603,700

248,942,000
239,910,760

262,398,200
241,346,260

Surplns reserve

21,587,076 Deo

3,473,000

9,081,250

20,962,960

• tS7,29i,900 United States deposits Included, against $37,281,400 last
W««k. With these United States deposits eliminated, the surplus reserve
wo«M b« $30,910,800 on August 8 and $33,380,426 on August 1.
Note.— Keturns of separate banks appear on the preceding page.
Foreign Exchange. The market for foreign exchange was
lower this week, influenced by a light demand and by free
offerings of security bills.
To-day's (Friday's) nominal rates for sterling exchange
were 4 &3><@4 84 for sixty day and 4 86@4 86^^ for sight. Today's (Friday's) actual rates for sterling exchange were 48250
(34 8275 for long, 4 8530@4 8540 for short and 4 8565@4 8570
Commercial on banks, 4 82^@4 823^, and docufor cables.
ments for payment, 4 81J^@4 83. Cotton for payment, 4 81)^
@4 81%; cotton for acceptance, 4 823^(34 823^, and grain for
payment, 4 82^@4 83.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 20@5 19% for long and 5 183^*@5 183^ for short.

—

Germany

bankers' marks were 94 13-16@94^ for long and
96 3-16@953^ for short.
Amsterdam bankers' guilders were
39 15-16@39 15-16^ for long and 40 3-16@40i^* for short.
Exchange at Paris on London to-day, 25 f. 153^c.; week's
range, 25 f. 153^ c. high and 25 f 14 c. low.
The week's range for exchar ge rates follows :
.

-Short.

-Long.-

Aug.

11

V4

Aus

Aug.
13

li

Q—Jan
Q—Jan

>106i« *106»« •loevj •106 Vj •loo's *106>a
>106>t >106>a •ice's •106 "a •106 >« •ice's

Q— Veh
Q— Feh
q— Feh
Q— Feb
Q—Jan
Q— Jan
Q— Feb
Q— Feb
Q— Feb
coupon Q— Feb

*106>i •1064 *106Hj •loe^a 'lOCa *106>»
-106 »a •106 >a •1064 •ice's -1C6'« •ice's

i», 1930
registered
Is, 1930
coupon
38, 1930 .smaJ.reglstered
Ss, 1930 .small
coupon
38, 1918
registered
coupon
38, 1918
38, 1918, small.reglstered
coupon
Ss, 1918, small
registered
48, 1907
coupon
48, 1907
registered
4s, 1926
coupon
48, 1926
reglfltered
Ss, 1904

*109>«
*109i4
*134>«
*134>«
•IOIS4

•106 4
•109
•109
•134
•134

•ioeii 'ioe'i •ibeii •ioeJi

•109
-109
•134
•134

•109
•109
•134
•134

•109
'109
•134
•134

•109
•109
*1S4
134

lOlH *101»4 •lOlH. •lOlJa lCl>a
*101^ •101*4 •10l»4 •lei's 'lOl^i lei's
This 18 the pnoe bid at the momlng board; ho smU was made.
Railroad and Miscellaneons Stocks.— The stock market
has been active and irregular. It was decidedly weak on
Saturday and during the early hours of Monday, in the
course of which a long list of stocks recorded the lowest
quotations of the year. Before the close on Monday buying
orders were freely placed, offerings were readily absorbed,
and the selling pressure conspicuous for some time past
seemed to have spent its force. Tuesday's market was less
active, but the tone was better, and a large proportion of the
changes was to a higher level. Since Tuesday the market
has been decidedly buoyant and on a largely increased volume of business, amounting to $1,100,000 on Thursday,
advances of from 5 to 15 points have occurred generally
throughout the list. The coal stocks, notably Reading, have
been conspicuous in the movement, but otherwise there is
practically no exception to the general trend of the market.
The following table shows the highest and lowest prices of
the week for some of the prominent issues.
68.

1904

High. Low
High. Low.
Ill.C'n.l84
Atch'n 62^8 64
127
SS"* 77>« "800". 66'a 42
87'« Mo. P.. 96
85»4
B. R.T. 46
N.Y. C.126'4 11634
Can. P.127 118
St. P'1.144i^ 133"4 Penu. .126'q119's
No. W.166 1S4>2 Road'g 56I4 46 ig

B.&O.

Capital

Aug.

Aug.
10

8

High. Low.
High. Low
39 >» Ge. E1.164 14-)'4
65»4 Air Br. 126*4 111
N. Am. 78
70>«
A. Cop. 48*4 87'% T.C.&I 43
32*4
So.Pac. 4B»4
U. Pao. 76»4
A.n.

M. 84>4

66>4

A.8ug.U7%108»8

US St.
Prel.

24'*

2C«^

72S 67

D.&H.ie8ial61 Rock I. 36% I9I9 Co.OaslSl 164 W'hse.l70 160
For daily volume of buainesa aee page 34.I.
The following sales have occurred this week of shares net
represented in our detailed list on the pages which follow.
Halts
for

STOCKS
WttK Xnding Aug. 14
Agrioul Chem
Steel Foundries
Preferred

Amer

13
1,000

Am.

Amer Teleg

<fe

400

Cable

Am Telep & Tel

26

nfthts.. 8,082

Amer Tobacco,

pref
Atlantic Coast Line

Range for

Wuk

Bmnge sinee /«».

1.

Week

KB.

CleveLorA Wheel
Preferred

General Chemical
Maryland Coal preferred

Nat Enam <& -tt^imp
QmcksUver Mining
Preferred

Rome Water OKrtensb.
L <& San Fran stock tr
K 111 pref
ctfs for C
<fe

400
100
200
360
200
120
400
200
100
100

IS^Aug
Aug
Aug

18 14 Aug 8
17 J'ne 2 6*4 Feb
10 Angl2
10 J'ly 20 Jan
60 Aug 8 60 J'ly 69 '•Feb
AnglS 80 AuglS 77 J'ne 92 Jan
6 Augll
6 Aug 14
6 J'ly
9\rij
134 AnglU 136 AuglO 134 Aug 169 Feb
llSijAugU 1184Angl4 1 la's Aug 126 May
66 Aug 100 Jan
66 Angl4 70i«Augl2
70 Augll 73 AuglO 67'sJ'ly 97 Jan
62 AuglO 63 Augia
60>aJan 73 Feb
96 Augl2 100 AnglS 96 Aug 110 Feb
24T8Augl4 25 AurU 20 Aug 36 Mar
lagAuglS
1*» AuglS
l^sJ-ue
3 Jan
ea^AugU
6'4Angll
ft'iJ'ly
9 Feu
130 Angle 130 AuglO 180 Aug 139 Jan

10
60
80

8

8

8

St

United

NJ

<fi>

BR.

&

.

Canal

400 120 Atigl3 123
14 276 Angl3 276

Angl3 120 Aug 181 J'ne
Augl3 275 Ang 375 Aug

—

Ootstde Market. Much greater interest was evinced in the
market for unlisted securities this week, and a general
upward tendency in quotations is apparent. Values were
depressed at the start, but late on Monday, in sympathy
with the improvement on the Stock Exchange, the market
took on a firmer tone, which developed into decided strength
as the week advanced. Northern Securities stock displayed
less activity than last week, total transactions amounting,
it is

estimated, to only 16,000 shares.

The

price

-C»1>l4S.-

moved down

on Saturday from 853^ to 823^, but on Monday an upward re9 4 83
9 4 8660
High... 14 8290
4 8636
4 8676 -• 4 8686
action set in, and on Thursday and to-day the stock touched
9 4 8275
Lorr.... I4 82S0
4 8616 9 4 8630
4 8660 9 4 8660
89^; the close was at 89^^. An incident of the trading was
Pmrit Bankdri' Francs—
the sharp rise in both the common and preferred stocks of
High... 6 19^* ©6 1938
6 17>st «6 174*
'3
Low.... 6 20
J18>«' 9 6 18>8
Seaboard Air Line following the announcement that control
19^
0«nHan< Banlunf Marks—
of the system had passed to Rock Island-'Frisco interests. The
g4i<>„ -9 947,
9514
High...
95Biet
common sold between 183^ and 183^ until Wednesday,
94l»i« ® 94»i
96>4
LO-F....
953i9
when it advanced to 223^; today, after selling
Anuterdam Banktri" 0uild»r$—
40J4* « 40>4
the
preferred
39i»i6^
as
it
closed at 22
High...
as high
223^,
39«»ie •
39i»i6 » 3'Ji»i6l]
Low....
40»i6 9 40i«'
and to-day, after advancing
rose from 333^ to 36,
Iiess: •»isofl%. ti«iofl%. t»«»ofl%. Plus: TIii«otl%. ••i8iofl%.
to 363^ it ran off a point, then rallied to 36 and closed at 35^.
The following were the rates for domestic exchange on Unusual activity developed in Brooklyn City Railroad stock,
New Jfork at the under-mentioned cities to-day: Savannah, and the price gained 7 points to 210. Interborough Rapid
buying 50c. per $1,000 discount, selling 75o. per $1,000 Transit lost 7% points to 90, but subsequently recovered to
premium; Charleston, buying par, selling 30c. per $1,000 99. Standard Oil on Monday sold at 586, a drop of 9 points
premium New Orleans, bank, 2oo. per $1,000 discount; irom last Friday's closing, then recovered and on Thursday
commercial, 50c. per $1,000 discount; Chicago, par; St. touched 620; to-day reacted to 605. Electric Boat preferred
Louis, 30c. per $l,000.prem.; San Fran., 73^c. per $100 prero. dropped 6 points to 29, but later recovered to 37; to-day
State and Kailroad Bonds.— Sales of State bonds at the 40 was bid for the stock, but no sales were made. Hackensack Meadows declined 3 points to 5, but subsequently
Board are limited to $3,000 Tennessee settlement 33 at 943^.
The market for railway bonds, affected chiefly by condi- reacted to ^^. Greene Consolidated Copper lost 13^ points
tions prevailing in the stock market, has been decidedly to 15^ early in the week, but to-day it advanced to 193^ and
irregular and in some cases erratic. The transactions at the closed at 193^. There have been unconfirmed reports that
Exchange on Thursday were about $4,2.50,000 par value, atd Amalgamated Copper interests had secured control.
Outside quotations will be found on page 341.
throughout the week have been well distributed.
.

8UrUng Actual—

i
|

I

I

1

I

I

I

1

I

;

I

I

I

I

;

2

.

New York

Exchange— Stock

Stock

Record, Daily, Weekly and Yearly
TWO l'.\«JES

OCCUl'VINC;

SrOCK^i—HJGJIkSl

AND

LOVVKSl SALh PKICKS

."iales 01

Moiiilay

TuesUaii

Weiinesday

Thursday

J-ridaxi

S

Aug. 10

Aug. 11

Aug. 12

Aug. 13

Aug. 14

32
62
57

•25

•25
•52

Saturdaii

A u(/.

XEW YOUK

the

STOCK

EXCll.\XGE

h'anye lur Year

On

Uange

IfJO.i

oasis 0/ lOit-snareLoUi

lor J^reviout

Year (lyoj)

Week
Sharen

Lowest

Lowest

JHilUesI

Highest

Itiiili-ontlH.
• 27

•67
54

Sj

77»8

50%
84^ 85 4
774 79
85 4 8J3j

85»j

38
•132

37

42 Hi
140

132

120

118

122"
150
27'b

211

IBVi

'J1^8

14'4

•84
•72

"a

•26'

14»8

SO
74 >2
28

117
180

S>4

17
•4

9
18»4

59
100
9
197e

•J

784

35
00

••.J3

•55

6838

5034

87 4

80 3|^ 88
80 4 8I34

7934

80 4
39 4 41>4
130 130
150
1224 125
58^9 69 4
•154 100
29
29'e
19»8
05 4

5834

01

434

4338

124 4 125 4
5938 61
158 159 4
304 3078

12478 126-^

00
100

4 Hi

1534

'74
29

17 4

4 '75"

31
13878 14234
171
171

100 102 4
198 4198 4

ai5 115 115 126
•165 180 §100 100
§1038 10%
94 10
9V
173^
IS
194
184 18
44
44 •4

125
155
1078

20

125
105
1078

21
4

4

68
69
09 4 70'e
105
•105
124 14
14
15
11
12 4
"liK
51^8
444 40»« 444 444 454 4534 484 494 51
22
19
204 21
17
18
184 19
1712 18
151 154
155 1014 101 104
149 153
I6IH1 156
235 245
243 240
•233 245 •230 245 •235 248
224 22 4 23% 244
20
22
214
21^8 2188
7334 7334
7434 754
72
75
754 70
733b
73Hj
•17
•10
19
19
19 4
19
19
•17
20
20
*9
IOS4
10
11
10
9
10
104
9
9
17
18
16
16
16
16
174 17 4
17
65 Vi 6534
05 4 654
064 004 674 684
C5»4 G6>8
*7
•94 12
•74 9
»84 12
•7
9
•12
•10
•104 15
16
15
144 154
11 Vj 12
24»8
23
27 4 28%
24% 2334 254 2538 27
23
03 '8 643,
04'-.
05
064 004 67
62 4 04
63
47 7g 494
4738 4738
50
52
44
44
45
43><i
67'*

00
105

08^2

•105
11

67

4

200

'

125
180

1738
*4

603^

103
31^8 32-\
21
224
62 4 623.,

2034

m.

*117
105
9

ii'^

133

133

204

004

88 4 89
824 83 4
86 '8 87*

804 804
41 '8

33
00

•57

6634

86

194

35
60

•01
62 4 024
200
170 200 •170 200
•115 140
110 140 *110 140
1434 15»8
1334 14-4
1434
14
• S4 4
•84 4 Sti
•844 80
So
•71
74 4
74 4 '72
74 4 •72
27
30 4
27 4
274 28
135\ 1344 130 4 13634 13834
lOs lOS
108 108
169 170
155 1504 15634 1584 1584 160
190»4 192
19434 19434 196 190

133 '4 13038
•Hi8 172
154>2l5G^j
lyo 195
117
•105

i'Jli"

01
170

200
140

•170
•115

40
132

194

20«4

til '8

'a

58

*6SS! ait "a
»155 IGO

28

5434
8434

54

79 Kj

85^

30
60

50

'1134

a;07

67

•105
12

4

115

.

•43
•78

"-J

7

•42

41

784

50
80

165

lOu

41

*100

84

170

78
•100

57
57
99 101
129 1301..
75
74
108i4ll2»4
•16
20
•51
71

'

17

•25
3334

42
•120

44
125

43
122

164
354
•80

117

118^4

•1(1

22
110
62
199

•100
•58
•192

"12

19^8

69 Hj
•85
•42
*8u
•52
119 '4
•15
77 14

203,

604
90
44
100
60
121
20

20

•55

1904

36

364

69
23
37
25
55

35
30
55
30
100

•15
•45
•31
99

34
100

*60

65

60

60

28
100

00

73
110
•10
1

3 '8

131

132

13234 13434

764 77

76

1114 112

79

78

1134115

113

•17
•53

20
57
14

14

•115
50
§92

125
50
92
444 48
123 1234

115

144

14=8

115

135

884

92
3434

95
36
22

92
35

•214 224

•100
550
§190

\jO

190

204

20^6

5834

'4

60 4
89
46

85

85
46

•40
•80

504

60

24

*100
58
•194

110

3734

23

501.

1194 12078 1204 1214
•15
20
20
224

244

24
110
60
199

*100

52
128

194
40

944

89
45

247^

110
63
199

61
•194

214 224
004 014
•85
45
•80
•51

6934

•92 100
38 4 404
2334 26
121 123 4

95

1194 1207^

117»8 119

15

135

504 574 58
864 89
48
484 48
123 4125
127
1834
17 4 18=8
lO's 174
39
354 38
374
39
874 894 89% 91% 9134

19
204
604 59 14

85
•40
•80
•51

344

15
•45

1284131

363f

21
112
03

40
08

9941014 1014103 4 103341054

100
344 35

100

19
35
•27
67
21

194 204

*57

2134 22I4
11034 1181.

853,

68

•26

171,

17
37
89 Hi
100

344

18 4
35

69

814
1334
19 4

28
•95

30

45
123

30
86 "4
•90
35-4
35

3334

•51

115
49

16>a

644
19 4

68
81
13934

6878

82

1304

•45" 55

127^4 130
7134 74
11034

135

6534

'25

64
19

108

1338

134 134
SO

17

50
82
68
175

165

170

129
18

•314 334

60

•115

IShi

653,

•42
•78
•07

60
82

114

79
80
128 4 129

984100

14
135
53

1414

•160

170

6634

00
80
80
127 1283.
10
16
'31
34
•20
04
05
•19
1934
32 4 34%
30
'45
55
25
26
•95 100
00

78

10

114 114
6534 67
•78
80
X27'2l28's
16
10
32
32
•25
35
67
65
•19
19Hi
35
34
30
•45"
55
25
25
•95 100

•42

50
78

22% 244
6278

62

454 47

58
1217a 123 4

*85 105
•55
60
123 4124%

224 224

454
80
•05

59
98
47
80
75

1934

204

57't.

58>2

•9

•32
•14

11
35
16

77

78

59

60 4
98

024

03

4334
7934

4878

51=8

80

80

70

67

0734

204
574

21%,
58=8

214 24
5834 614

30

•57
•95

77

30
10
36
14

10
3S

11

12

38

40

13
40

15

17

1734

1734

7034

7634

58%

79 H,

5838

33 Mi\y23
00 J My 10
385,995 54 Aug 1(1
5y=8 627^ Atch. Toju'lca <fc Santa Fe.
20,722 81%.\iit;10
88 4 89'i
l>o ])ref
145,013 774 Aug t;
.tS1% 83 4 HaUimoroift Ohio
4,503 S2J4 J'iy2,-.
rso
80 4
Do pri'f
Transit.. 45,038 377eAugUi
13 4 40
IJrookiyn Uapid
300 124 Jan 8
Builalo Koch. & Pittab'B.
Jan 10
14.)
Do prel
83,540 1174J'iielO
125 127
/ Canadian Pacitic
3,820 58 Aug
6078 6 1 34 V uiiada ."-iDiitlu'rn
700 15ii4J'ly27
101
103 Central of New Jersey...
18,857 27 4 Aug li
32 4 33=„ Cht'.Maveako & Ohio
0,230 19 Aug
224 23 4 Chicago cfc Alton
970 01 AugUi
Do prof
§044 644
J170 J'ly2i)
200 Chicago Hurl <fc Qiilncy..
106 J'ly25
'lib" 140 CluoaKOifc Kast. 111., prof.
Western.. 18.886 13 Aug 6
104 174 Clucago Groat
85 Aug
'84 4 85
Do 4 p. 0. debenture.'^
600 71 May20
a;72 4 7334
Do 5 p. c. pre). "A"..
3,^30 20 4 Aug 6
30 4 33
Do 4 p. c. prof. "H"..
1414 144=8 Chicago SI ilw. it St. Paul. 240,973 133 4 Aug 8
Aug 1(1
1.39,7 108
171 171
Do prof
6,055 154 4 Aug 8
164 160 Chicago <fc North Woslerii
190 Aug 8
1,100
Do pref
147 J'ly20
Chic. Kock Isl'd & Pacllic
'122 128 Ohio. St. P. Minn. <& Oin
350 117 J'lyl4
' 150
60 190 Mayll
170
1)0 pref
8 Aug 5
1,110
114 114 Chicago Tenn'l Transfer
3,250 17 Aug ^
2034 2934
Do pref
3 May23
826
4
44 Cliltmgo Union Traction.
30 May 2 2
Do prof
5,040 GO AuglO
70
Ohio. »fc St. L.
71 Cleve. Cin.
113'8J'ne 8
•105
Do pref
1434 "l5"4 Colorado <fe So., vot, trust 10,700 10 J'ly24
53
54
Do 1st pf. voU tr. cfs. 6,077 44 4 Aug h
22
2334
Do 2d pf. vot. tr. ctfs. 9,105 17 Aug 5
13.100 149 Aug 10
103 105 4 Delaware <fe H udson
•243 24S
400 ,^30 J'ly24
elaw. L,ack. & West'n
2434 25
3,130 20 AugU
Denver <fc Rio Grande...
3,590 72 Aug
70
70
Do pref
300 164J'ly25
18
18
Oes Moines c& Ft. Dodge.
104 1034 Detroit South, vot. tr. ctf.s 1,100 734 Aug
1,500 16=8 Aug
17 4 184
Do pref. vot. tr, ctfs
§6834 OS' Detroit United
1,250 0434 J'nelO
Aug 5
7
145
124 124 Duluth So, Shore <& Atl.,
500 114 Aug 8
•12 4 154
Do pref
2734 294 Erie
231,590 23 Aug
48,080 02 4 Apr 13
60% 07 4
Do Istpref
8.500 44 J'ly24
51
63
Do 2d pref
•45
100 39 4J'ly27
60 Evansv, <fe Terre Haute..
300 78 AugU
•78
82
Do pref
50 J'ly24
Ft. Wortli&Den, C.stmp,
"ibo 170 Aug 5
*168 175 Great Northern, pref
77 Marl2
Green Bay&W.,deb. ctf,A
47 10 AugU
deb. ctf. B
13
Do
13 4
2,400 0534 Aug 8
6878 6878 Hocking Valley
2,725 79 AugU
Do pref
814 814
12,080 1254J'lyi3
132 134
Illinois Central
2,230 10 J'ly27
19 4 2134
owa Central
1,500 314 Aug
37
Do pref
37 4
200 27 J'ly25
30
30
Kanawha & Michigan..
3.000 04 AuglO
C.Ft,S.&M.,tr,.cts. pttl
08
69
2,700 18 J'ly24
22
22
Kansas City So. vot, tr.
Do pief. vot. tr, ctfs. 2,300 324 AuglO
374 38
15 25 Keokuk & Des Moines.
20 Aug 5
48 J'lyl5
•45
55
Do pref
1,275 25 Aug 8
3334 3334 Lake Erie & Western...
200 94 J'ly24
•95 105
Do pref
334 4 J an 5
L. Shore & Mich. South'u
810 57 Aug 5
63
644 Long Island
37,150 9S4AuglO
105 4 10734 Loui.sville €& Nashville..
134 1364 Manhattan Elevated... 38,314 l;i74 AuglO
etrop. Secur., sub. rec
5,045 70 4J'ly24
79
78
36,200 108 AugK
1134 1154 Metropolitan Street
224Mayi9
•174 22 Met. West Side El. (Chic.)
88 Jan 20
•57
Do pref
63
1434 15
Mexican Central
17,230 11 J-'ly 24
102 iVlay20
*115 135 Michigan Central
584 594 Minneapolis & St. Louis. 'i.^'ib 49 AuglO
•86
510 So Aug
95
Do pref
534 554 Minn, S. P. & S, S, Mane. 5.800 42 Aug
*123 128
Do pref
1,800 I094J'ue 2
6,450 16 Aug 6
20 Mo, Kansas & Texas
19
Do pref
12.220 354Augl0
39% 4138
240,140 8534 AuglO
90 Missouri Pacific
93
•92 100
200 90 J'ly24
Nash. Ciiatt. & St. Louis
at.of Mex, non-cum,pf
42
6,250 344 Mar 2
41
2, '.^00
2134 AugU)
2534 26
Do 2d pref
122 4 1204 X. Y. Central* Hudson.. 01,900 112=8 J'lyio
25
25
N. Y. Chic. & St. Louis...
1,800 20 AuglO
105 J'lyl5
•100 110
Do Istpref
Do 2d pref
00
62
1,120 58 Aug 1
•194 1P9 N, Y. N, Haven <fe Hartt.
12 tl874May25
23 4 24 4 N, Y. Ontario & Western. 61,065 19% Aug
62=8 044 Norfolk & Western
29,855 664AuglU
•86
90
Do adjustment, pref.
100 85 AuglO
•45
48
1,000 41 Aug 6
Pacific Coast Co
•80
Do Istpref
80 J'ly3U
Do 2d pref
58
200 504Augll
58
Pennsylvania
1184J'lyl5
124 1204
218,074
•20
23 Peoria <fe Eastern
200 15 J'ly24
78 'e Pore Marquette
1,100 74 J'ly27
77

•28
•57

33
60

,

,

Do

59

59
95

454
794

471*
79-6

93
•65

194
504

•85
4034
7934

•05

70
21
5734

•9
•33
14

•84 10
§33
14

33
14

95

90

4

95

dS

574
804 814
09
09 4
244 254
62
63 4
5134

62

0934
24=8

70

03 4

•10
•37
•15

Pittsb, Cin. Chic,
I>3 pref

2d

pref, vot'g tr. ctfs.

2578 Rock Island Company
05
Do pref
Rutland, pref
12
St. Joseph cfcGr'd Island,

40
18

Do
Do

Jan 10

O'.l

J

90',
71 4

Jan

.hju

9

lib

11

Feb 17
150 Fob 9
lliO
Feb 9
13834 Fob 10
78 4 J an 5
190 Jaul9

4 Jan
374 Jan
73 4 Jan
53

ns4 Marl

2,550
100
552.435
2,280
2,700
161,070
13,813
100

Istpref

2d pref

57
97

May

14

Aua
Sep

54 Sep
Maj

97
198

Nov
Jau
42% Dec 574 Sep

195

291-

Doc

(>8

Nov 79

45%J'ly
J'ly

§191 J'ne §205 Jan

89 4
81 4
33
183 4 Jan 7 100 4
1944 Jan 9 180
2244 Jiin 14 204 4
J50 Jan 8 230
200 4 Jan 9 152
102 J an 21 140
194 Jan 5 194 7(
19 79 J an 9 15
30 Jan 8 29

an 13
85 4 J an 9
40 '8 Feb 5
9078

J

J'ly
Aufl

Nov 95 4J'n(
Dec
Dec
Jan
Jan
Jan
Jan
Jan
Feb

Nov
Dec
Dec
Jan
Mai

904J'n«

Aug

5134
19834

Sep

20034 Sop

Apr
2744 Apr
271

iOO Sep
170 4 Apr
210 Apr
2478

Aug

44
23
00

Sep

Apr
5934 Jan 11
Apr
93 Nov 108% Aug
99% Jan
119 Jan 27 118 Jan 124 4 Sep
31 4 Jan 10 144Jan 3534 J'ly
5914 Jan
79 4 Aug
72 Jan

174Jan

48

1034
4434

12

28 Jan 5378 Sep
53 4 Nov 1844 Jan
231 Nov 297 Feb

Jan

4 Feb
270 4 J an
183

1

43 Feb
90 4 Feb

35
Hii

47 4 Jan

20% Jan
Jan
90 Jan
19 4 Feb 10
3934

4 Dec
4 Dec

35
13
20
1

10

Dec
Feb
Dec

J'ne
J an

5134 Aug
9034 Aug
63=8 J'ly

sop

25

484 Sep
Sep

97
24

Aug
Apr

29% FobK

18% Jan

3534

42=8 Jan

28 =t Dec

44% Jau

001- .Dec

Jan
Jan
74% Mai
10434 Feb
07 4 Deo
203 Dec
90 Maj

9

Feb
0478 Fob
72 4 Jan
91 Jan
74

7434

414 Dec
50 Mai

82 Ma>
Fob 24 30 Jan
Jan 22 181 4 Mai

209
85 Jan 9
27 4 Jan 5

1004Feb2o

994M,ar 2
Jan 10
Jan 1
773t Jaul2
47 4 Jan
8234 Feb 20
364 Jan 12
614 Jan 22
40 Mario
§55 Apr23
53 Jan 8
118 Feb
334 4 Jan 5
83 Jan 7
1304 Jan 8
155 4 Jan 14
12878 Jan 6
14278 Jan 6
38 Jan
88 Jan 20
29 Mar23
135 Jan 15
110 Jan 9
118 Feb 27
794 Feb 10
151
48

1324Febl7

30 4 Jan 5

634 Feb lu

11578

114

Feb 10
FeblO

70

Jan

7534
0334

9 Jan 29 4 Oct
00 Jan 100 Aug
811 J Jan 9838 Dec
137 Jan 173 4 Aug
35 41)60 5134 Aug
05 Nov 9038 Apr
3378 Jan 504 Aug
75 Dec 88 Aug
19 Jan 39 Aug

44 Jan
13 Jan
45 Jan
40 Dec
120 Oct
325 Apr
72 4 Nov
102 4 Jan
128 Mar

Apr

0234

Sep

41
84
71 4
138
340

Apr
Jan
Feb

Apr
May
Aug
Nov

9178
159 4
158

109 4 May 1344J'ly
135 Oct 174 Feb
35 Dec 43 Jan
89 Mar 9134 Mat
20=8 Dec 31 4 Mai
§150 Mar 192 Apr
105 Jan 115 Apr

1184Jan
304 Jan
90

Apr
Nov

12734

84
Jan 139

Sep
Sep
Sep
9634 Mar 1254 Sep
80 Jan 122 Apr
22 4 Dec
51 Jan

47%May27

3 L34 Dec
284J'ne30
Jan 10 147 Nov
Jan 7 40 Nov
118 Jan 10 II04N0V
87 Jan 19 80 Nov
2254 Jan 9 209 4 Jan
354 Feb 5 254 Dec
704 FeblO 65 Jan
934 Feb 2 90 Feb
72 Jan 10 65 Dec
100 Febl3 100 4 Jan
76 Jan 28 724 Dec

150
45

3534
6934

4533 Mai
10878 Jan
57=8 Aug

1244Jan
Aug
Apr
37% Sep

100
255

8O34 Oci
J'ly

98

81 4 Sep

100

Mat

8434 Sep

157%JanlO 147

4l%J'uelO

794AuglO
J'nelO

194Aug
504 AuglO

30
700
9
350 33
1,200 14

1124 Jan
71 Doc

1384 Jan 29 130H Sop 151
29=8 Jan 9 22 Dec 35

39

Jan 8

914May

4 Aug 5 94
4Augl4 115

60

Apr 128
Apr 145

110
139

19
5
7
2

4S34

Jan 77 4Mnj
744 Jan 90=8 Sep
9,")
4 Jan 100 4 Sep
92% Dec ILSioSep
92
Dec 99 Sep
5434 Nov 72%J'Iy

S'.)7„,I;|,n 1()
1.2
1(>

103
10 1

Feb

33
03

an 21

7

pref

& St. L.
4
974 974
5478 504 Reading, vot'g tr. ctfs..
Ist pref, vot. tr. ctfs,..
814 8I34
61

41

Ann Arbor
Do iirof

AugU

J'ne 9

Aug
AuglO

Jan 7
Jan 17
69 4 Jan 2
8978 Feb 5
81 Jan
53% Jan 9
86 Jan 9
72 Jan 28
154 Jan 2
58 Jan 5
24 7e Jan 19

Jan 170 Sep
30 Nov 47 4 Apr
71 Feb 85 4 Sep
80 Ma% 93 Sep
804Jan 105 4 Sep
113 Mar 128 May

524 Mar 784 Sep
7973 Mar 904 Sep
00 Jan
33 4 Dec
71 Nov

644

504 Deo

85 4 Nov
Dec 125 Apr

4934

Dec
Dec

24 4

Nov

10

8078 Sep

244 Aug

81 4 Sep
42 Sep

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Hanks

NKW YORK
America ..
Amer Exch.

Bid

Ask

H

Banks
City
Colonial

Bid

Ask

t260
550
... 405
230
Columbia .. 375
1000 Commerce... 300 316'"
390
Consolidated 170
185
155
C'rnExchget 350
East River.. 160
167

525
^1
1j
210
Astor
750
Boweryli ... 370
Batch's <& Dr 140
Central..
160
Century li
166"
175
Equitable ...
Chase ...
700
Federal H...
Chatiiam
340 360
Fidelity",,
190 200
ChelseaExcT
Fifth Aveli.. 3700 4100
Chemical
4000 4300 Fifth
375
Citizens'.
165
First
000
• Bid and asked prices; no sales were made on tliu
T Sale at Stock Exchange or at aaction this week.
1i

Banks

Bid

Ask
300
215
420

Banks

Bid

Ask

Banks

Bid

Ask

Banks

Phenix
Mutual
150
290
Leather Mfr. 300 335
Fourth
200
Plazall
Nassaul
180 190
Gallatin
410
Liberty
Prod Exchll
600 650
550
New Amster
Lincoln
Riversidell .,
Gansevoortli 140
1000 1050 New York Co 1500
500
Garfield
ManhattanU 325 335
N Y Nat Ex. 228 240 Seaboard
German Amii 160 170 Market <feFul 240 255
New York... 285 295 Second
Slioe<fe Leth,
German Ex1| 400
Mechanics'
245 255
19th Wardll. 150
Germanial) .. 000
Mech & Tra^, 140 155 North Amer. 290 225 Statell
170
34th Street..
150
Greenwich 'j 6300 310
Mercantile .. 250 260
Northern
I2th Wardl).
Hamiltonii .. 170
Merch Exch. 100 170
240 250
OrientalU
23d WardH..
525 575
Merchants'.. 170
200
Hanover
Paoiticli
United
tmu & Trad. 020 050 Metrop new", 400 500
Park (new).. 425
220 240
Varickll
Irving
Mt Morrisli.. 220 240 People' sTi
280 300
New stock,
day. i uasA i,a.ia LOJ smroi. i ds rii^.iGi.
Scj,[e oauiis.
a Ex dividend and rights.
s Trust Co, certificates.
e Includes, prior to .May 17, dealings in old Mex. Nat. trust receipts.
14thStreet1I. 270

JeffersonH... 140

11

,

.

,,

.

.

336

.I

Stock Record— €oiicluded— Page 2

STOCKS— SJGH EST ASD LOWEST SALE J'RJCES
Saturday
Aug. S

Momiaii
Aug. 10

70
•155
•1-2

"UK

lU

'150
12»*

25^

25

Sl'^

76

i5
28

".J

•33
S7>-j

01

29 »a

14
15

43
27

164

15 Hj
3513

S6>4 36 Si

42"'

13'-

13>-j

•221

'231

'^14

27

19^4
3 IK

?43
•24

lt>

Si

'

29 4

25»-.

19

21
16

84

"a

36 't

"u'8^

"24%
ISI4

1934

924

26
92 4

'7034

70 4

72 V

84% 86
14

144

39'..

81".

39%
30 4
<82'4

2S>-,

28
-84
•24

S2>4
2834

}26^i

•26
•84

•iti-'t

•84
•25
176
•5

90
30
176

90
SO
i'ii" 171
•5
•3>a

7

4
15

•S>a

13
•5"9

15

4

15

o\

tJ

22 >a 22'•9
10
35
•SO

22

»t.

84

•30

17

153*

7

1534

23 S.

•3%
•14

35
17

•31
17
81
-2 4

24

*3%

6
15

5
17
y9»8 42^4

*14
42

87
90

87 \

864

«s7%

88

•82

*

110»8U2

116
'122
•7

11638

il30

•65
67
»190

10
70
67 Sr
19

•41

42

•8

69
66 '4
180

-64

40

44
90

•

11

40
•40
90

UHi

>2

172
99
24 1*
75
•20Hi 23
150 153

166
96
23
75

JllHi

llHi

465
•38

40

65

34i«
•99H2
13»8

35

'74

11

8^4

1234

lO-,

65

40

13

80
8^4

334 34 '4
994 994

1001-,
'4

•81

85
118>« 120
70^8

6'^

40 H,
44
90

•344 37

80

*13
81
111

'i'1'2

18
90

704 7134
194 20
90 4 92
34
354
20814 208^4

214 214

21»4

em

1338

13V

65

65
30 H<

SO

7734
lu

7834

78
lOSft

60

61
1234 14
05
65
2934 31

2H,

•24

33 >9 3514
25
25

3234

3
3434

22

23

2'a

64
424

*40

13 '4

•40
43

1334

I6534 169

974100
24

64

64
42
43
100

1334

118
121
10
90

i^l\^

50
1334

204
154

104 IIV
63% 63%

6534

•35
40
•35
37
•74
80
•8
12
34
35
•991410114

•35

6534

•74

3

354

•8
*6S
73
195

'64

14
175
101

27%
80

114
•65

3534

•90

7^4

7

6'4

100

7V

76

77

8

8

44

44

9
34

9

9

9

34

33

34

20"%

21'%

20% 214

7434

77

7
42

69
68
22 Hj 24

8
41

67

7134
2034

77

77

7734

2034

22

V 944
38%
794 79 S

7S4 784

208

11V

11

12

62

62

4 14
664 67

13%

6534
1434

70

944 95%
39
81
211

70

31

32 4 35

1034

61
13

212
23
24
774 83

31

•24
344 36

•23

2%
30'4

24
•79
12
66
1434
7934

26,43.^>

."..

3,S55
1,500
20
51,040

Reflniuf!

27

6834

7

714

714

74

7534

75%

7%

8I4

14

4434
10

43

•9

8
45

39
23

225
167

«100

Do

224 224

pref

Distillers Securit's Corp.

164 General Electric
13 4 International Paper

67
•35

Do pref
International Power
Internat'l Steam Pump..

0914

45

•344 42

Do

80

74
•8

Manhattan Beach

12

8%
48

11%

95
23

23%

224 25

21

2134

6HI4

69 4

195

195

65

82
165
170

175

li"-.

37 14
23 4

90
23 4

46

234

-37

334

47
10

71%

20
90
•2234

40

pret

&

U. S. Cast 1. Pipe
Foun.
Do pref
United States Express...
United States Leather
Do pref

U S Realty&Constructlon
Do

pref...

United States Rubber

»234

165
J 176

100

230

5215

83
168
176

168

834

6814

5

36%.laii

AiiglO

!

8934

i

Sep
Sep

Dec

56
28

96 Fob
96 4 51 ar
43% Febl(

Aug

8IV1

Dec
Dec

41% Aug
98 4 Apr

J'n'elU
90 .Mav 93 Nod
2OV1 AuglO
37 Dec 543^ Sep
1114J'ly2l 12S%Jau 2 122 Jan 134 Feb
20 J 'lie 10 37% Jiiu 12 32 4 Nov 08 Sep
16 Aug 11 31%.Tan 9 lS4Jau 83 14 Oct
25 J'ly25 48 Jan h 35 Jail 4934 Sep
87 4 Aug 8 122% Jan 2;^ 107 Jan 129 Aug
155 J'ue
159 Jan 12 15l'iV| .-V-Up 159 4 Feb
6534 Aug 8 104% Jan 9
93 4 Dee ll3Vi.\ua
83 4 Aug 10 95 '4 Feb 11 86% Mar 95 Aug
13 J'nelo 22% Jan 13 20 Dec 24% Oct
35 J'ly27 04 4 Jan
60 Dec 06 No»
17 4 Aug 6 3234 Feb 27 2134 Jan 38% Sep
29>4Aug 6 55I4 Feb 24 37 Dec 54 4 Sep
12 JMy24 27 4 Feb 9
17 Jan 30i4Sep
45VJ'ly27 62 JUiy22 4y 4 Jan ii6 Apr
24 Aug 7 384 Feb 1(1 28 Jan 42% Sep
15 J'ly24 29 14 Feb 9 19 V Jan 31 Aug
35 Augll 55 4 Feb
39 4 Jan 5739 Aug
,-

(:

('

23
90
25

Mario
"

5 V Feb 2(1
244JanlO
374J'ly24 52% Feb 17
364AuglO 994 Feb 16
90 Aug
126 Mar 4
S7%Aug 6 9838 Jan 2(1

15

"

10rt%AugU

215
est'n Union Tele'gph
83 4
170 West'gh'seEi&Mfgasseu

Do Istpref

Xug
22 4 Aug
75 Aug
9434

13438 Jan

b

Febl3
Feb IS

20

6 119
6 35

5
J'ly 24

148% AuglO
9

60%

J'ly 28
J'ly 2?

Aug
344 Aug
37

(J

8% AuglO

33 4 AuglO
98i4J'ne 9

2,160 11% J'ly 27
29- 80i4J'ly24
AuglO
6,990 111
7,226 70 J'ly 25
4,310 17 Aug
19,812 89% Aug 6
«,390 34 AuglO
1,855 78 AuglO
740 196 J'ly la
2,025 21 4 AuglO
610 774 Aug 12
9% Aug 6
7,900
10,830 59 Aug 6
6,250 12 J'ly 25
J'ly 25
1 ,200 60
2,425 26 J'ly 24
79 J'ly 24

300
20,625
1,600
200

100

134 J'ly

3234

22

635
12,400
12,436
14,681
12,25j
1,365

200
100
40
3,521
1,435

b

AuglO
AuglO

44 J'ly 26
68
7

1,>;08
pref
Stales Steel
196,360
pref
115.917
Virginia-Carolina Chem.. 19,145
Do pref
910
Virginia Iron Coal <fe (ioke
831

Do pref
Wells, Fargo & Co

5

Jan

43
95

Mayl4
J'ly
J'ly

Aug

7

9

8
634 J'ly 25

Jan
114 Dec
Mar23 2634 Dec
85% Jan 19 79% Dec
3434 Jan
27 Dec
204 Feb 16 01704 Oct
19% Jan
164 Dec
7414 Feb 6
70 Dec
73 Jan 19 49 Dec
46% -May 3 40 Dec
82 Dec
89 4 Jan 1
13 MaylH
9
Oct
47% Feb IT 40 Nov
106%.Mayll 10134 Dec
29 4 Feb
154 Jan
95
Feb 10 78VJi>u
177 Jan 2 148 Mar
1244 Jan
88 Jan
4234 Jan
37 Nov
108% Feb 10 93% Jan
6534 Jan 26 39 Jan
95 Feb2U 8234 Feb
23534 Jan 14 215 Jan
37 Feb 9 24 Apr
•-

(

Feb 25
22% Feb lb

80

bO%Febl,s
30 FeblC
844 Feb 17

15% Jan
Jan
17i4Feb
63 J'ly
29 4 Jan

Feb2."i

7

23034

Apr

126 4J'n«

38% Ma«
90 Mai
33 Deo
334 Apr
23% Mat
77% Jan
199 Apr
57% Mai
95 Oct
19 Apr
53 14 Mai
109 4 Apr
32 Sep
96 Oct
196 Apr
134 Sep

2434

.'>ep

83% Sep
25% Apr
74% Mai
83

Sep

954 Sep
8% Apr
74% Apr
444 Feb
II4N0V 18% Apr
72 Jan 85 Apr
104 -'^la> 17 Oct
42 May 59 Sep
97 Jan 160 Aug
104 Dec 15% Sep
79% Jan 91% Sep
20 Nov 32 Oct
64 4 Nov 754 Oct
14 Jan 19% Oct
49 4 Dec 64 Mai

Augll 9634 May 12
AuglO 28 4 Jan 2
42 AuglO 73 Jan 2
7 J'ly 27 19% Feb 10
30% J'ly 27 53 FeblO
20% Aug 5 39% Feb 5 2934 Dec
67 AuglO 8934 Jan 7 79 Dec
20 Augl4 66% FeblO 54 Dec
80 Aug 4 128 4 Feb 18 120 Dec
20 Aug 6 39% Feb 25
23 J'ly 22 3334 Jan 9 294 Nov
76% J'ly 17 81 Jaul9 73 4 Oct
J191 J'ly 14 249 4 Feb 6 J185 Jan
81% Aug 8 93 Jan 14 8434 J'ly
160 J'ly 30 221 Jan 7 169 4 Jan
Jan

53 Sep
1104 Apr

5140 Mai
24% Oct

8UI4

7

J'ly 30 224

Aug
14% Apr

253

Maj
4 Jan
49 4 Dec
35 Jan

974FeblS5
6 4 Feb 1
68% Mar21
4034 Jan 7
15 Jan 19
7934 Jan
15 Feb 20
55 Feb 2.1
I50I4 Feb 4
15 '4 Feb 11

74

400 165

4Mftj

49% Mai
1094 Sep634 Oct
964 Oct
250 Apr
38 4 Sep
Apr 90% Oct

68

90

72

7

21 Jan 29 Sep
37 Nov 49%MaJ
87 4 Nov lOOVJ'lKI
404 Jan 135 Oct
85 Jan 101 Oct
113 Nov 135 V Mai
115 Jan 122 Aug
10934 Jan 186 Apr
Dec 17VJan
12
73 Apr 80% Sep
80 Dec 146 Feb

J'ly

6
731<,J'iyl6

Do

Vulcan Detinning
195

76
85

Marl

(

39
80

80%J'ly

55 14 Mai

I)

3,150
10,555
l,3h6
1,605
8,735
2,210
1,090

23% 24 14 United
Do
71% Ti\

2434

78
225
82 14
170
170

& Iron

Standard Rope <fe Twine..
Teun. Coal, Iron <fe RR...
Texas Pacific Land Trust
74 Umon Bag & Paper

105
734
3
79
81

no

.

...

43
28

105

8%

Steel

Do pref
Sloss-Shelfield St.
Do pref

Do

2334

90

2334

37
2134 23
69 "4 70%
23 14 2334

7%-

7V

70

37
23
71

35

2%

2%

<fe

Rubber Goods Mfg

15 14

15

71% 73
35% 36
40
28

Aug
17 V Aug

85 4 J'ly
90 J'ly

244 Dec

('

39 V

Highest

Jan
77
Dec
65 4 Dec

8 J'ly 2b 14% Feb 2;")
68% J'ly 2 f 80 Jan 31
64 J'ly24 125 4 Feb 25
700 180 AuglO 225 Jan 21 210 Jan
6%J'lyl4 15% Jan 2ii
300
7 % Dec
400 40 AuglO 55 Jan 6 41 J'ne
1,170 40 J'ly 2
82 4 Jan 6 7334 Aug
100 90 AuglO 122 Jan 3 n30 Jan
1,330 11 4 Aug
22% Feb lb 14 V J'tu
33,532 164 AuglO 222 Jan 7 205 Dec

200

ailway Steel Spring.
t>
Vdo pref

83

12% 124 Republic Iron
Do pref
65% 67

40
28

110

25 14

25
•78

7934

Loioest
5534

"255

4,900

Do pref
81% 814
21142114 PuUman Company

15%

Highest

6,550

100

78 North American Co., new
77
21
21% Pacific Mail
a;934 94%
eop. Gas-L.& G. (Chic.)
41
434 Pressed Steel Car

67

Uange lor J'reviotti
YeardHO-J)

J'lv2o
Augl:-

921 116 Aug
122
470 12934 J'Jy 14 169

i)ref

37 V National Biscuit.

124

7% 8
77V 794
84 9
47% 48I4

74
7634

104 12

32% 32%
85
23

90

984100

100

§100

41
82
211
25
84

Year inuo

()

Amer. TelepU. & Teleg...
American Woolen

84 14 An.aconda Copper
205
Brooklyn Union Gas
"64 7
runsw. Dock & C. Imp'
•40
42 Butterick Co
49 / Colorado l^uel & Iron..
47
yj Do pref
15 Col. <& Hock. Coal <fe Iron.
14
1773418! Consolidated Gas (N. Y.).
102 102 Continental Tobacco, prel
2734 284 Corn Products
•76
80
Do pref
12

7,995
4,050

Refin'g.

76
*185

35% 35%
•24 3

2%
38%

27

30

224

165

175

132
10

*84
J704 704

68
40
40
79

2II4

78

»16U

118

162

Lowest

56
68

24

pref

117% American Sugar
Do pret

115

118

1134

7334

209 14 20934
22
22
•75
774

90

195

80

163

21
93
38

225
814 82
»14 82
160 102 4 •162 4166

220

2334

20''6

2434

»195

14
179
101

72

91 14 92 4
35
37

22% 24

}90Hj 90^4
22^1 22^

7

42
46

11,582
32,400
5,1U0
1,865

"sbTi

American Snuff

91

Do

•84 104
364 374

7%
95

76
195

700
1,00(

American Malting

5

91

10
70

224 224
159

70

95

•3

5

131

40

79
12

19

844

90
90
90
«90
114 116
117 4117 4

•35
•74

•8

33
19

tor

01 lUU-share lots

luiliiNti-ial iV: iliisccll

17
15% 15V •14
Do pref
4434
444 46 Amer. Smelt'g<fc
91% 89% 904
Do pref

40

•34% 37

6%

•10
•33

123^

tr. cf«.
tr. ctfs.

pref. vot.

Kange
On basis

A dams Express
130 {204 Jan 30 235 Feb 1 5198 J'ly 5240 Oct
i^Jtmalgaiuated Copper... 215,305 3534J'ly24 75% Marl2
53 Nut 79 FeD
American Car & Founilry
J'ly24 4134 Jnn 19 28i4Apr 37% Oct
8,06(1 30
Do pref
2,189 81%Aug 6 93 Jan 6 85 'i Jan 93% Oct
American Cotton Oil
2,45(1 25i4Aug (i 46I4 Feb20
30 4 J an 5734 .\pr
Do pref
138 82 J'ly27 98 Feb in 86 Feb 99 4 Apr
.American DistTelegrapli
25V4Aug 6 41 4 Jan 2 32 4 Jan 42% May
"475 171 AuglO 235 Feb o 210 Jan 265 Aug
.American Express
American Grass Twine ..
6 J'ly2y 29% Jan 7
27 Dec 62 14 Aug
Ajuer Hide <& Leather
600
3 Aug b 11 V Jan 2
334 Dec
133i Oct
De pret
1,400 14 Aug 6 37% Jan 6 34 Dec 43 4 Sep
6% American Ice
5 J'ly23 1134 Jan 2
3,103
9 4 J'ly 31% Jaa
23%
Do pref
1,55(1 20%J'ly24 42ViJan3o
32 J'ly 67 Jan
11'-. American Linseed
5 J'ly25 1934 Jan
2,173
14 Dec 28 Apr
343,
Do prof
loo 25 J'ly25 43 4 Jan (i 39 4 Dec. 58 Ma<
19
American Locomotive...
8,150 15% Aug o 31% Feb 17 23 4 Dec 36% Apr
3434
Do pref
9534 Feb 17
2,350 79 4 Aug
89 Jan 100% Apr

44
90

•40
45

100 100%
25 4 26V
79
S73
21
21
156 158
•104 11

77'4

20
152

18

64
42

V I6914 17134

25

Do

3934

3,634

1,211'

19 4 Wisconsin Cent. v.

23%

24 V

Erie...

37%
100 101 14 101 101
-98% 10114
Do pref.
134 134 134 144
15
15 4
15 4 15% National Lead
•8H4 84
§8514 85 14 *S1% 85
81V •81% 84
Do pref
H5I4II64 117 1214 125 127
118
125 12634 New York Air Brake

21^8

•78
81
10 "a 10 Hi
61

90

11134 114

ni8

\Vab.ish

'-

15

18 Hj
91 >2
3779 38
80
580
211 211

78

11134
11634 11634

8

168 4
>4
96 4
224 24
75
75 V
20
20 4
148 '4 151 '4
I0I4
6418

90

109%

19
39

82% 85

5

130 4128 130 •129
-8
10
10
09
69 V 69 V
68
72I4 724
68 '4
6S4 684
•175 185
181
175 190

164
95

•35

•34>a 37

•74
•8

llHi

1164

18
82 4

•15
17
42
444
89 4 90

91
88

H.S

10»38lll',

lis
131

5

17

90

4

'24

873^

8714

10
33

9

17

62

42

9i<

6%
24%

63^,

24

365,595

SIV 36% '' Do pref
174 IS"-. WUeeiinsA Lake
51
60
Do Istpref
29
29 4
Do 2d pref

38 V 39

'304 35

4
814
17

85 4

}220 220 •221
444' 50
4214
42 4 4434
323^
3234 33%
334 34 '4
82
82
83
84
83
29 4
30
3014
30
SOU
84
?90
90
?!»0
90
•24
•24
30
30
30
ISO S176 185
182 185
•5
*6
9
10
8
41-;
44
4
4
4
174
164 17
17
17

6

10
36

Umon Pacilio

76*4

221

23
«9

41>-j

•15

1934

•16

b\

15

1-.

I8I4

84
•24
171
•5

44

V
86%

29

28%

90
oO
1S2
8

40>4

• 2Hj

27

•81

224 23
•834

22

15

40%
314

31

15

5%

9

80 4 804

81 Hi 82

'170
•5

2134

5,3'.:

Do pref
16% U nit Rys Inv't of San Kran
433<
Do pref

36% 38

40'-.

31

814

16
43

2634
18',

221

'INvm City Rapid Trausit.
Do pref

85 "4
17
"43" 43

34

'4

17

363i,

94% 95

"74

LXXVII,

[Vol.

90 4I''ob24
loll
88 Feb 20
7.3V5 4234 Aug 1(1 73 Feb 24
1,500 150 J'ly27 170 J'ly 15
3,500 12 Aug
30 Jan 7
9,00(1 24
Auglo 6ii Jan

2(1

744

"7234

2634

220

30

94I4

484 50

14 4
45
24
17 14

35

94

Do
Do

69
52

Shares

S Fr.JPM&Coctt.s

&

20% 22 V,
33% 35 V
15% 17
51
52%

32
15

32'-:

37af,

81»^

EXCHANGE

&

85

15

19% "26%

19 4 20 4

163«

"24%
115
22
21
28

26

3088

82

114
22

112
"21

IS
29
91

37% 3D
30 V

2034

""J"-)

30

SIW

4

44%
21%

Sales 01
the
Week,

STOCK

1st pre£ ..
pref...
1594 C.cfcE.I.coui stock trctfs
15»4
153^ St. 1/ouis Soutliwestern.
30
294 3134
Do prof
453^.
45 V 463. Sent hern Paclflo Co
151.352
212134 22% Southcrnv.tr. c(s. stnipeil 68.38(1
83'-.
83
83
Do pref.
8,726
do
89
89
M. it O. stock tr. ctts...
325
"
21,75li
-iii"
25% 27 'Pexas
Pacillc
118 •114 118
1 hiril Avenue (N. Y.)...
795
• •>2
3()('
25 Toleilo Railways
Lisht
2334 Tol. St. L. cfc W. V. tr. ctf.-i
23
l,S<;o
2934 30
30
Do pref. vot. tr. ctf.s. 3,635

49
161

i;.5

814

46J
49
159
15

68

43%

17
41

41

68
48
15
29

<>5

84
•15
J

•40
24

68
4S
160

42 4

21

Wa

j220

.

fYiday
Aug. 14

Aug. 13

14 V
28 4

79

i'O

17's

>•.

19'.

IS

"40""

15

45>a 45

•34 "-i

183*

22

"to"

18v
SU.

IS**

423s

24

88^4

80

1334

11141U'-J

"70"
84 Hi 85
•15
17
40
40

1511

'4

13 4

41

•iiK.

•>2

22
•15

46

134
25 4

794

112
•20
18
S24

'...*••

154^ 154

25 4
09^, 41»,
17«a 18^4

lis

•llo

46

13S,

"boJ^

80 Sj
sy

70
46

•

44 4
165

li»S.

Thursday

••STOCKS

NEW YORK
St. Life

24

Sd>9 40 »^

iVtdnesday
Aug. 12

Aug. li

70

'

45
165

45

11
9

.

180

4634 Jail
9734 J.an

76% Apr
134% Sep
334 Nov

81 4 Deo
5255 Aug
97 4 Aug
233 Sep
Jan 234 Apr

BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Bid

Bank.4

W

Ask.

•
'

\v

\v
YorKVLUe'i,

-5
..

3i5

BROOKLT.N

AtLmlic'

...

Borough*
Broadway*
Brooklyn'

..
.

105
125

300
135

Couyl<feBB 140
8th Wurd' .. no
yirnt

380

Bid

Uaiik>t

Ask

BIIOOKLTN
Mauutaclrs'. 350 360
MecliauicsTt 225
Merchants'.. 115
Na-s-sau
360
Nat City
305 315
North side^;. 215 220
People's':
215
17tli Wardli. 140
sprague
2104
Stuyv'iHts: 175
Union*!
150

Wallabonf
no sauM on

.

UO

•

Hid

1

Sale at Stock Exchange ur at aactioo tlua week,

anil a.iiced price-t;

tlii.<

ilay.

't

Bid
N. y. CtTY
Bankers' Tr. 300
Bowl'gGreen 215
BroadwayTr. 150

Ask

Exchange Tr

Central Tr'si 2000 2300
(Jity Trust...
350

Farm Lo&Tr 1400
FLtth Ave Tr 580
Guaranty Tr 700
Guardian Tr
Knick 'rb'k'r 890
Lincoln Tr. .. 360
McV'ck'rKty 240

Colonial
350
(Jontinentai
625
Eastern Tr.. 130
Empire Stall 160
E()UitableTi 700

.Manhattan .. 500
Mercantile .. 1000 1100
Merchants'.. 225 240
Metropolitan
610
1025
MorfouTrust

C'lK'tyB&Tr

225
152

525

150
170
725

1450
600
725
170

900

250

Trust Co's
Mut.AUiauce
N Y Lite&Tr
N Y Sec iSc Tr
North Amer.
Heal Est Tr't
StandardTr't

Tr Co of Am
TrCo of Rpbc
Union Trust

USMtg&Ti
Unit States

.

Van N'denTi
Washington.

Bid Ask Trust Co's
Windsor
240 260
1150 1200
BROOKLYN
1300 1350
Brooklyn Tr
275 290
Flalljusli
390 410
Franklin
325 350
Hamilton
265 275
40
Kings Co
30
1400 1425 L Isl L&Tr.
Na.s.sau
450
1500 1580 People's
•.:;10
Williamsb'g.
225
400

man luo stiarm. t Ex righcs. d J. P. Morgan & Co. certilicatoa.
Bi.nics luin^od with
o Ex stock divideniL s Trust Co. certidoates.

Bid

Ask

t230

430
190
360
310
410
250
360
260

450
200
375
435
305
380'

275

(..ess

'j

a paragraph

(II)

are State banka

j

Stock Excliange— Bond Record, Friday, Weekly and Yearly

New York

OtCl'l'VlMJ

BOM>>

Axiguit

U
V
U
"U S '2s coiisolcoiip3maU.<tll>3ti QJ
fcliHi- Q-t
n S 3s reu'isteiea
fclt>ltV a 3s coupon
11 S 3s reu small bouils-.tliU,-- QE
V S 33 con small bouil3..A:iyi>-- ii-E
/iiyOT Q-J
U S 43 roiiistereil
/il907 yj
TJ S 4s coupon
XJ S 4s re!;istere»l
Ki-F
V a 43 coupon
l'J04 (i-F
U S 03 rciristored
!•

!'.'-{>

!;••_';>

XT

iy04 li-F

S J3 coupon

ForeiK"

1-t

Ask Low

i'lU

V, S. (Jovfriiiiicnt
S 23 cousoIregistorcil.(il9;Ui QJ
(UOSO
S'Jscousol coupou
S 2s cousol reg small. .(tl'.'^c y^J

-3^

Week's
Kanf/e or
Last Sale

i'rice
f'riilau

stock excha.vgk
Week Enddjo alqcst 14

n. y.

Ki-

A

BONDS

Mighl-^o^j^oig Jiiy/i

lUtJ'-jlO?

100 4 107
100 S; 107

>-.

"-J

I0o\
110
110

1('9

109
131

107^4

J'1V03

134'.i

Uh\\
107'-j

lli>
!109'4 112
I13114I36'
l:'.ii
137'

J'ly'03

13 lOlHilOli

i-..

".J

103

103''

hese

95 Ki Feb '02

are pr

/our

markx

US

oi

Apr'03
n the U

ices

to

asis

do ilar.
96 >a DS^B

lie

0/ $6 to a.

10438 Sep '02
102^> Jlar"02

KeKistereil
Bsuelerrcil IJrowu liros

109'.i(Jct

in

'Ot>

Jlaro2
121
106

121
106

104 Nov'02
136'2J'lv'01
120 Mar'OC'

A-O
J-J

94 Sj
94 'v
94'4May'03
98 "2 Oct '02

94 >a

94
97
94 »4 94 >4

7'6J'ne'y3

ott's.

7»6

,See

ba v Fla

&

\\

Albany & mian See Del lii Huil
Alle;ilieny Vauey A'eePenn Kli
Alleg ifc West iSee Bull li ifc r

Am Dockifc

Im SeeCeutofNJ

/il995 QJ
Ann Arbor Ist jj 43
Atch T & S Fe geu g 43.. .1995 A-O

Adjustment g 43

/il995
/tl9yo
/il9y5

liegistereil

Stamped
Cliic

&

94Vi

99'^S;ae

St Louis 1st

lis.

.1915

Nov
Nov

94

ATig'03

98^4

1995 A-O

Registered

97-'4

88

88 H;

S7

l4

75
84

99- 240
J'Iy'03

87

•io

Hi

86

89

75
84

J'Iy'03

85

931a 96 '4
98 14 10278
9734 102»8

'

41

9234

75
9234

114i2 0ct '02

92 >a

93

154

92

W

91^

92

76

91%

95I4

94HaJan'y3

94
94
664 99'al03i2
100
101
102i2May'03 "5 1 00 102=8
97
97
97 106
8878Aug'03
SSHj 91
'•2

ifi

M

W

Bklyn
Bruus

95 Hj

96

8712
90i4J'ly'02
114^4 J'ne'02
rfOHa

108

Sep

95
97 Hi
86 Hj 8934

'02

& Montauk See Long 1
& West See Sav Fl & W
N V & Erie See Erie
R <& P gen

g

5s. ..1937 .M-S

115

115

Sale

Ail& West l3tg 48 gu.. 1998 A-O
Cl<fc Mali IsCgugSs
1943 J-J

FA

Roch&

Pitts 1st g 63. ..1921
Consol Ist g 6s
1922 J-D
Baltalo ifc Southwest See Erie
Susq 1st ret g 4s.rfl951 J-J
Butt
Registered
(Z1951 J-J
Bur CedarTi <& No Ist 53.1900 J-D
Con 1st <fe col trust g 08.. 1934 A-O

103 Apr '9
124i4J'ne'03

11834

12538

.

I2414I28
125

12538

J'ne'02
J'ly'Oc

10084 105

Apr'03

120 122
I2OH2I20I2

I2OI2 Mar'03

107

190s J-J
1913 M-S
1913 M-S
Garb & Shawn See lU Cent
Carolina Cent See Seab & Roan
Carthage <fe Ad See N Y C & H

103
106
107

118
Sale

102>2

Sale

106
107

Jan

'02

103

Aug'03
107

102

105-^

lOSklOS'e
104>2lOT

92

J'ne'03

92

94I4

Central Oluo

Cen

Cent

Registered
Consol gold OS
Registered

M-Is

104>2J'ly'03
122 12 Jan '03

F-A
pl945 F-A

1945 M-N 103 12 Sale
1945 M-N
Ist iirel income g 53
pl945 Oct
74 Sale
2d pre! income g 53
pl945 Oct
28^8 Sale
Oct
3d pref income g 5s
pl945
17
Chatt Div puriuon g 4s. 1951 J-D
Mac<& Nor Div 1st g 5s. 1940 J-J
Mid Ga & AU Div OS
1947 J-J
Mobile Div Ist g os
1940 J-J
Cent of N J gen'l gold 5s.l9S7 J-J 12611.
Registereil
/il987 Q-J 126
Am Dock <fc Imp gu 5s. .1921 J-J *109
.

.

,

IO4H2IO7I2
122H2 122H2

102
I0312 bl 102
105i2Sep'0]
68
74 141 68
25
2834 l,--0 24
25 IS
19
19
92 Aug'02
108^4 Sep '02
102 J'ne'99
103 J'ly'03
I26I4 I26I4

103
112

126

126

10834 J'ly '03

109
80
397(

27

1021a

I

..Vpr'Ol

Mav'03

98

112

livS

98

104
98

9,s

97HjJ'ne'03
106 'i Oct '02

81

Salt

81

81

73'''8

Salt

71

93

73-V

108

80

'^

8334 Apr'02
10434 .\pr'(Hi
101 J'ly '03

98 Hj.
S9 '-J

1949
Div 3H2S
1949
Registered
Iowa Div sink tund 5s. .1919
1919
Sinking innd 4s
Nebraska Kxteiision 4s. 1927
1927
Registered
1921
Southwestern Div 4s
Joint bonds See Great North
1913
Debenture 5s
Han <& St Jos consol 63.. 19 U
ChiCcfe E 111 Ist 8 £ cur 6s. 1907
1931
Ist consol g 63
1937
General cousol Ist 53
1937
Registered

90'-2

90

83 H»

100 101
891a 97

90.'i

'a

114:>H AiiK'02

...

101
102

lOf^...

'-i

101

J'ne'O,

3p

10418

102
Hj
I09H2Aug'01
100 J'ly '03

101
103 ig
1133.J

105

Ha

102Hsl08'4

105
114
105

Hj ...

"-i

J'ly '03
J'ly '03

1043gl08
113 117^9

J'ly'Oo
J'ly'03
114H.

105
128

11334

120

102

Dec '02

12>^

113*4 114 H;

100

113

lOOHi

1103^
136Hj
121=8

120=8 Feb'Oo

107=6Ang'03

107--8

108
,107

124 Hi 13034
108 113 '«
107=8 111-'^

170 J'ly'03
111 M:iy'03
106 H; J'ly '03
111
Dec '02

li<i".'.'J.

126" 120=8

124 4 J'ly '03
HtS J'ly'03

1st 53.1931;

Chicago & Erie See Erie
Ghic Incfe Louisv ret 6S...1947
1947
Refunding gold 5s
Louisv N A & Ch Isl 6s. 1910
Chic Mil & St Paul con 7s 1905
1914
Terminal gold 5s
General g43 series A..el989
e 1 989
Registered
Geniiral g 3 ^s series B.c'1989
el989
Registered
Ohiccfe LSul)ivg5s....l9'.

170

10434

IIOI4
IIIH.

MoRiv Div 53. ..1920
1910
Chiccfc Pac Div 6s
1921
Chic* P WlstgSs
Cliic<fc

109
,

107 Hi
124
116Hj
103

5s

,

,

IIOH2

105
1

10

H2

Sale

109%
110^4

M

Jan

111

'02

ueHziieHe

IUI4
115=8

129

11334 11808
111 113341

112
109

112
109

112
109

117Hii

116 Aug'03
10738 Aug'O'

116

11934!

183 Feb '03
115 May' 03
105 14 J'ly 'o;
llO'a llOH
113H2J'ne'03
112 J'ly'03
113 Muy'03
116 J'ly'03
130 14 J'ly'03

183
114

185
115

lllHj

137H2J'ly'9'.'

I05I4 IO5I4

110H2ll3H»
112iell3Hj
112 117
113 113
116 119
I30I4I34
101 104Hj

104'-2May'(j3

98

178
111

106HjH2

116Hi--Vpr'03
11334 Aug'o;111 J'ly'03

II2I4

1916
1924
Far <fe Sou assu g 6s
1910
Hastcfe DDivlst7s
1910
lst5s
1908
I& D Exten l3t7s
1919
LaCrosse<fe D l.st 5s
1910
Mineral Point Div 53
1910
So Minn Div 1st 6s
Southwest Div 1st 68. ... 1 909
Wis& Minn Divg5s... .1921
Mil & No 1st
L 6s. ...1910
1913
Ist cousol 6s
1915
Chic & North w cons7s
Extension 48
1886-1926
Registered
1886-1926
1987
General gold SHaS
Registered
pl987
Sinking fund 68... 1879-1929
1879-1929
Registered
Sinking fund 53. ..1879-1029
1879-1929
Registered
1909
Debenture 53
1909
Registered
1921
Debenture os
1921
Registered
1933
Sinking fund deb 53
Registered
1933
Des Mo & Minn 1st 7s. .1907
Milw<fe Madison 1st 6s. .1905
1910
North Illinois 1st 58
Ott C F & St Paul 1st 58 1909
Winona & St Pet 2d 7s. .1907
MU L S & West 1st g 6s 1921
Ext & Imp s fund g 5s 1929
Ashland Div 1st g 6s. .1925
1924
Mich Div lstg6s
Convertible deb 5s
1907
Incomes
1911
Chic Rock Isl & Pac 68... 1917
Registered
1917
/
General gold 48.. 1
1988
Registered
%
1988

H4s
N43
P4s

100

1

Q—

10638 Oct '02
J'ly'03

99

100
103

Nov'98
112 May'03
113H2.
110'8May'03
106»8
IO6H2 106 Hz
IO634 Mar'03
IbT'siosH] 105 H2 Aug'03
105 Dec '02
108
108 J'ne'03
114 Oct '01

101

112 112
llOi^llOia
106 lOOHi
10634 107H»
103'?8 109

1.2

114H2

123
105H2
102H=
Salt

12713

114H.115
1303f,
128-''8

.109
121=8

100

1910
1915
1916
1918
Chic R I <fe Pac RR 4s. .2002
Registered
2002
CoU trust gold 5s
1913
Des M<fePtD 1st 43
1905
lst2H2S
1905
Extension 4s
1905

.

Sale

75 Hz Sale

76
91
89
91
102

Sale

128

132

123"

Keok& DesM Ist5s....l923
Chic&StL S«eAtchT&SaFe
Chic St L c& N O See 111 Cent
Chic St L
Pitts See Penn Co
Chic St P M & O con 6s... 1930

112

II4H2II8H2

114H:

May'Ol

Nov'02
Oct '02
105=8 May'03

105

mi's

108

106
108

10.>Hi

:.

M 48

10l\

'.'.'.'.'.

105=8 105=*,
U l=8ll53g
27 H, 132=9

111=8 111='
127 ifi Aug'03
115
115
142^2 Feb '02
133 ife May'03
107 '8 Feb '01

1

II4H2I25
133i8l33i«

114i4Sep'02
121 14
5 I2II4I27H1
120 H2 J'ly'03
120 H2 127
99 =B 100 Hi 21] 99=8 108
107 Jan '03
107 107
1003eJ'ly'02
997eJ'ue'02
99 H2 J'ly '02
9938J'n6'02
87 Aug'03
82 Hz 95
73 Is
75 H2 403 72 H2 89
88I4 Jan '03
88I4 8814
7634 629 7IH2 8934
72
9838
97 May'OH
97
92 1^ 93
93 Jan '03
121^4

9434

Jan

'03

9434

9434.

105 Hi J'ly '03

IO5H2IO8H1

103

103

126=4 134
126 133H2

Ch St P <fc Minn Istg 63 1918
Nor Wisconsin 1st 6s. ..1930

132 J'ly'03
131 14 May'03
137 H. Sep '02
124 J'ly'03

13018136^

St P<fe SCity Istg 6s. ..1919

108UU3H2 Chicago Ter Trans g 4s. ..1947

BONDS—Continued

7234

I3II4I37
12314126=8
71Hj 80

7234

on Next Page.

Street Itailway
.V-O

,102

J-J

J-J

M-N

FA

F-A

108
100
97 H2 Sale
S5

J-J

J-D
J-J

102
110
110

Aug'03
Jan '99

.Vpr'03
lOOHa IOOH2

97 12
97
83
83
85 Ha Jan '03

102

IO7I2

Met St Ry—rCon;Ref g 4s2002 A-O

Col<fe9thAvlstgu g 5s. 1993
I09I4IIO
Lex Av & P F 1st gu g us 1993
Third Ave RR con gu 4s 2000
98 102 H2
Third Ave Ry 1st g 5s. .1937
97 104 14
83
89 H2 Met WSEl(Cluc)lstg4s. 1938
8512 85H2 Mil El Ry & L 30-yr g 5s. 1926
Minn St Ry 1st cou g 5s.. 1919
St Jo Ry Lt H&P 1st g 5s. 1937
St Paul City Cab con g 5s. 1937
Union El (Chic) 1st g 5s. .1945
United RRs San Frsf 4s. 1927
United Rys St L 1st g 43.1934
Chic St 40-yr cons g 5s. 1936

89

M-S *117Hi
M-S
J-J

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

MN

94

Sale

89
89
117 12 J'ly '03
116 JIy'03
93 12
943^

A-O

961*
89
117Hil21
U6 I21I4
33

93 '2 9334

II714I22
99H2IO2H3

117H, J'ly'03

99 lo Mar'03
106 Oct '99
110 J'ne'02

99-8 Oct '02
89
10914 Apr''03
95 J'ne'OO
J-J
lu9H!Dec'99
J-J
A-O
Met Ry Co 1st gu g 6s.. 1911 J-J
-76 14
75
A-O
7 6 >4 Sale
Det Cit St Ry l.st Cong 58. 1905 J-J
8438 J'ne'03
103 Nov'Ol
J-J
Gr Rapids Ry 1st g5s...a 1916 J-D
99 Dec '97
M-N
Louis Ry Co Ist con gos.. 1930 J-J
109 Mar'98
Market St C Ry 1st g 6s.. 1913 J-J
C^as and Electric JAght
Met St Ry gen col tr g 5s. 1997
,11234 112=8 II3I4
-Atlanta G L Co 1st g 5s.. .1947 .I-D
4 IIIH2I2O
Bway& 7thAvl3tcg5s 1943 J-D
11334 11334
11334
511133411714 Bklyn U Gas 1st con g 53.1945 M-N 112Hill3 II214 11234
•No price Friday; lat*st price this week, a Due Jan d Due Apr e Due May ^Daej'ne h, Dae J'ly /c Due Aug p Due Nov gDue Dec
>•>

JJiyl^

IOOI2I04

<fe

iUl!SCELI.,ANEOlJS
Street Railway
Brooklyn Rap Tr g 53
1945
Atl At Bklyn imp g os.. 1934
BkCity lstcon5s.l916, 1941
Bk Q Co <fc S con gu g 53. 1941
Bklyn Un El 1st g 4-5s. 1950
Kings Co El 1st g 4s
1949
Nassau Elec gu g 43
1951
City cfc s Ry Bait 1st g 5s. 1922
Conn Ry & L 1st & ref g 4 >s'51
Den Con Tr Co 1st s 58... 1933
Den Tram Co con g 6s.. 1910

Ao Low

1-2

Coll trust Series Otia ...1905

CedRIaF&N ieeBGR&N

Cen Branch UP 1st g4s... 1948 J-D
Cen Branch Ry See Mo Pac
See Balti & Ohio
RR & B of Ga col g 5s 1937
ol Ga RR Ist g 58..pi945

118H>

102
121

1934 A-O

-2d OS
Registered

Jan '03

115

103

lox

CRiFcfcNWl8tgu58.1921 A-O
M& StLlstgugTs 1927 J-D

Ciauada South 1st 5s

115

118^.

&

Registered

JJiyh

Aug'03

109 Hi 110', U
J'ly 'OH
llOHjlia
llOHiSah; Udi-j 110 '2 10
OH; 114
18' 114Hill93.»
llli-j
1 14 'v Sale
115
115
121
J'nc'Ol
ibi i'ooHJioti^i
103 Sale ID'.'i.i 103

'

Dak & Gt So g

.VI- Is

Atl Kiio^ <fc Nor l3t g53..194(.) J D
93 Sale
Atlantic Coast 1st g'ls.ftl952 M-S
Atlantic <fc Dauv aee South Ky
Atlantic & YaiUc See Soutli By
Austin ifc N
see Sou Pacific
S See Mich Cent
Bat Creek &prior lg3H»s.l925 J-J 92 Sale
alt ai Ohio
/1.1925 Q-J
Eegistereil
/a948 .\o 100 >2 Sale
Gold 4s
Registered
/I.1948 Q-J
1911 M-S
Couv deb 43
97 Sale
90
P Jun & Div Isl g 3'2Sl925 M-N
Registered
pl925 Q-F
P L E ifc Va Sys ref 481941 .\I-N 96 Sale
SoutUw Div Isl gS^js... 1925 J-J
87 »s Sale
Registered
/il925 Q-J
Mouou Riv 1st gu g OS. .1919 F-A
Cen Ohio R 1st "cgi'iS.. 1930 M-S lOlia.
Beech Creek See N Y C & U
Belle V & Car See Illinois Cent
Bultalo
BnJlaio

Asli Loiv

ioi's laYi" 100

SOhio it .-Vlt RR ret g 3s.. .1949
..1949
Hegistered
Sailway 1st lien 3'28.--1950
195(1
Registered
Ch & la D 5s 190;"
Ghio H ct
192'.:
Denver Div 48

Chic& IndC Ry

12

Kailrond
Cent Hee So Ry

laba Al uU

January I

Illinois

121 Mar'03
106 Apr'03
109 "-J Feb '99

120

J-J
J-J

J-J
J-J
J-J
J-J

Since

Last Sale

100'..

—

109

134 135
Mar'o:^
101 >-i 102'-. 101
lol
l0l'-jl02V. J 03 '4 j'ne'o;;

laoti J-J

Small
1S94-1995
Missouri Uuuliug
North Carolina uousol 4s. 1910
1919
tJs
1933
So Carolina 4 ^is 20-40
Teuu now settlement 33. .1913
Small
Virginia fuml ilubt 2-3s...l991

l\a)iye or

August 14

BiU

Leh tt Wilks 1! Coal 5.S..191
f/191o
Con ext guar 4'-js
N Y & Long Hr gin g 4s 194
Cent Pacilio See So Pacillc Vi>
1930
Oliarlosi Sav 1st g 7s
dies €t Oliio g 63 ser A../il908
(11911
Gold 6s
1939
Ist consol g 5s
1939
Registered
199
General gohl 4HjS
199
Registered
1940
53
Craig V'aUoy Istg
R & A Div Ist con g 48.. 1981
..19S9
2d consol g4s
Warm Spr Val Ist g 58 ..1941
Ry Istgug Is '40
Greenbrier

lOsi
107
10718 109

07 i-j J'ly'03
107 J'ne'O-'
107 1* .Miiv'03
111 J'ly-03
IOOSj .\ug'o;i
1

1900 J-J
19U11 J-J

EA

Kanqe

Week's

J^rice
I'^'iday

?i.

ifc

Bos

Alabama

STOCK E.XCHAXQE
Week EsorKd .\fai'ST 14
Central ot N J—(Continued
Hud R gen iru g 53 192t>
Le

Janiiarii 1

C 4s

192H J-J
Currency [uudini; 4s
1924
Dist ot Coluuiljia 3(503
Louisiaua new cousol 4s.. 1914 J-J

I'VtJES

N. Y.

(<oTeriiiiifnt

J

Class
Clas3

I'Ol!R

Jiange
Since

loO'sAtig'o;
UHy
10C-'4J'ly'03 ....|jU)0

100 K: 107

90
Fraiikfort-on-Main 3'-;s ser 1.. .\I-S
These are price S oil the aa sis
94
TJ S of Mexico 3 f g u3 o£ ISW ti-J
Sliito Securities
Alabama class 4 to ii

1

IO9I4II3
75

801*:

84

78

W

8578

FA

,

4

II214II7

sOption sale

4
1

338

Bond Record— Continued— Page
HOM)>

Hange

JYiee

STOCK EXCHANGE
Week ENnixo acgcst 14

N. T.

FYidait

August 14

Chic* We«t In sen sGs^lOSC
CUic* West .M;ih Uvos-.U'-Jl
Choc Ok
ai'Il n .is ...olS'l'.' j-j
Cxn H it U cousol s 7s...li>o:i A O
Sdeolil 4'i3S
HIST J.J
Cm D Jfc I 1st ffu cos... 1941
C 1 St L Jb C 6vV C C C i& St L
Cln S & C S^c O C
St L
Cleartiek\ & .Mali aee B R&P

Kange or
Last Sale

Ask

Bid

(_;

t

* St Louis
Oeu^ral i; 4s
lit'i;-!
J-D
inv 1st colit 4s
Cairo
193i> J-J
Cin
& M Liv Isl C4S.1WU J-J

104

113

iofiosj"

J'ue'03

iiiKiiie

Clereiau.l Oui Chic

W

St

L

l>tv 1st col IT p4s..liiiHi .M-N

Reiristereit

I'.'l'ii

MN

Sprdi Col Div Ist e4s..lii4li -M-S
Val Div Ist s4s...l;'40 J.J

WW L
St

CI

C cousol

<fc

lis.. 1

IStiroKWs

'.••JO

A.-1930

M-N

96

9G
10 IH.. Oct '02

43

95

Sale

95
100
Too"

95

103

98

J'ly'03
J'ly'03

>8

101
103
102

100

loo's 103 i-j

Oct "OJ
l)oc'02

95

95

ioo"

QF

104

IOOI4 104

J'ne'03

Kecisterett
^-lSI3l) Q-F
A CI con Ist g58..iy'28 J-J 110 ...^..
I cousol 7s
1914
122VJ126'-:
Consolsiuk lunilTs
1914
Geuenil cousol jroW i>s. 1934
*127»2]S0
Kegistereil
1934
Ind Bl &
1st pref 4s. 1940 A-0
O Iml &
Ist pf 08...dl938 Q-J
Peoit East 1st cou 4s. ..1940 A-O
92
Income 43
69'4 Sale
1990 .4pr
CI Lor it
con 1st e 5s. 1933
110 Sale
Clev<fc Marietta iVt-tenn KR

i04>4Nov'0i
93
66
110

94
60
110

Clev

12s

J'ne'02

CCC*

W
W

AC

Mahoii Val g 5s.. .1938 j'.j
1938 q-J

<ft

II4I4II4I4
120 129

114'4J'ne'03
120 J'ly'03
131

J'ne'03

131

1833f,

110

70

67
S5

70

Sale

831a

JUy'03
85

70

80 'p

831a 94 12

W

Western

78... 1907 M-S
Wornsit Essex lst7ij... 1914 M-N
1st consol jaiar 78
1915 J-D
KejTistoreil
1915 J-D
Ist ret gu s 3S>8
2000 J-D
Lack A'AS' Ist 68. ..1921 J-J

NY

FA

Constructiou 68

1923
1923 M-N
SyrBlngdi N Y Ist 78.. 1906
Warren 1st ret gu g 3 Has. 2000 F-A
Del & Hurt Ist Pa Div 7s. 1917 M-S
Kecistered
1917 .M-S
Alb<fe bus 1st con gn 78.1900 A-O
Kegistere<l
1906 A-O
Guar gold 6s
1906 A-O
Kegi8tere<t
1906 A-O
Bensife Saratoga Ist 78.1921 M-N
Registered
1921 M-N
Del Kiv RR Bridge AwPaRH
Denv<& 14 Grist con g 48. 1936 J-J
Consol gold 4^38
1936 J-J

Term & iniprove48

AC

113

129\.

114
LSO

J'ly'03
J'ly'03

1303^

1303i

Aug'03
Oct '98

,

.

140

108>2.

iosia!

iVoi^I

106 "a

,107

60

M-N

A-O

109

Range

Ist 58. .1937

2d 68

Dul So Shore <fc AU
Ij^aetofMinn A'eeStPM&M
liast Ten Va & Ga Hee So Ry

Elgin Jol cfe East Ist g 58.1941
Blni Cort & >ro See Leh <k X Y
1947
Krle Ist eit gold 48
2d en gold 5s
1919
8d ext gold 4 ^a
1923
1920
4th ext gold 98
gold 48
6th ext
1928
let consol gold 78
1920
let consol g fund 78
1920
Ene Ist con g 48 prior. .1996
Begistered
1996
1st consol gen lien g 4s. .1996
Registered
1996
Penn coll tr g 48
1951
Erie Ist 78.. 1916
Butt X
gold 63
Butt <fc S
1908

M-N
.MS

MS

A-O
J-D

MS
MS
J-J
J-J
J-J

Jan '03
8934 May'03

1131a

112

130 Aug'03
i>*i\
80
96 "a
97 May'03
7913
82 i49

Sale

FA

K

W

Temilnarist gold 5s. ..1943 M-N
Regis 35.000 each... 1943 M-N
WUkife Ea l8tpug58.1942 J-D
Erie

<ft

Evans

&TH

lllia
i'oe""

Penn Co

Ist cons 68.1921 J-J

1942
l8t general gold 58
l8t gold 68. .1923
Soil Co Branch Ist g 58. 1930

Mt Vernon

EvA

lOl'slOl'^e

132 la 139
130 135
9534

9934

97
98
791a 88

J-J

.

See

114 114
II314II314
112 112

1017f,J'ne'03
134 J'ly'03

961a Sale

82

112iall5

Dec '02

117

135

W

Pitts

114

114 Mav'03
1 13 14 May'03
112 May'03

'II212

113
100
132
130

1113ell5

J'ue'03

.1143. 114

88 "a 89 4
J-D
J-J
SmaU
1908 J-J
Chlc& Erie l8t gold OS.. 1982 M-N
Jefl RR Ist gu g 53....al909 A-O *102>a.
Long Dock cousol g 6s. .1935 A-O 12934
Coal<feRR Istcur gu6s.l922 M-N
Dock & Imp l8t ciir6s..l9l3 J-J
y <fc Green L gu g 58.1946 M-N Ill
Mid RKorX J l8tg63.1910 A-O 110
N Y Sua & l8t ref 5s. 1937 J-J '97'»4.113
2d gold 4128
1937 FA
General gold 58
1940 F-A

Y&

109

lUHz 115

M-N

931410012
91
93 la
85
84
92
89
1081^114

84

109

AO

»116

io9'

119
104

A-O
A-O

Ind Islcon gug68..1926 J-J
L'argo <fe So See Ch M & St P,
See Pere Mar
lint<fe Pere M

107

87 14
941.
88 la 31 87
125 12 J'ne'03
I2512 ISO's
1

17

12

Aug'03
Aug'02

1171a I2II2

106
134>aJ'ly'03
11334 Dec'02
118i2Apr'02
109 Oct '98
llOiaJ'ne'03
111 "a J'ly 'OS
lOlSg May'03
99
99
108 May'OS

llOisllSia
109 114
9734 103
99 loesg
108 117

107 12 J'ly '03

IO7I9II2

121

104
112
116

134 Hi

130

120
103

J'ne'03
J'ne'03
J'ne'02

122 Hi
106

Gas

g58

Colttmbus Gao Ist g 58

194

Con Ga« Co

See

tr

4s 192 J-J
1921 Q-J

A-O

75

74

Ry

Han

74

J'ne'03

96

EdElIUBkn SeeKCoELAP
Ed E lU *e< X Y G A E L H A P
JCq G LX Y Ist con g 5s. .1932 M-S
Eq G A Fuel See P G A C Co
eaaA KlecBergCocg58.1949 J-D
6r RapG LCo let g 58. ..1915 FA

114

HnrtHon Co Gas

T'ne'03

117

79 7j

934 99

Dec'02

2

105

.

104»4

10934

1104

S7ia

90

481

874 95
89
944

J'ly 'OS

103

103

103

1061*

104

105

27 104

1094

100

105

Sale

E A W Tex See So Pac
ATexCen Se«>SoPacCo

103

g 4s. .1951 J-J
litSl J-J
1951 J-J
Registered
1951 J-J
1st gold 38 sterling
1951 M-S
Registered
1951 M-S
CoU Trust gold 4s
1952 A-O
Registered
1952 A-O
L N O A Tex gold 4s.. ..1953 M-N
Registered
1953 M-N
Cairo Bridge gold 4s
1950 J-D
Louisville Div gold3ias.l953 J-J
Registered
1953 J-J
Middle Divreg58
1921
St Louis Div gold 3s
1951 J-J
Registered
1951 J-J
Gold 348
1951 J-J
Registered
1951 J-J
Spring Div Ist g 3 "as.. .1951 J-J
Western Lines 1st g 48. .1951
Registered
1951
BeUev A Car 1st 6s
1923 J-D

J'ne'03

100

10534

II2I4 May'03
113'2Mar'00
102 May'03
94 Mar'03

Registered

Ist gold 3138

Registered

1

'8534 Sale

May'99

23
8534

97

8534

23

Oct '99
Nov'OO
10738 May'03
101

8534

85»4

97

J'ne'03

97

Is

100
124

90

10738 111

May'Ol
Nov'98

125 Is Jan '03

12541254

I26I4 Nov'02

J-D
J-D
J-D
J-D
J-D

104'>8Apr'02

98

106 •« Jan '03

10334

107 la Mar'03
107 la Dec'02
98 la J'ly '03

M-S

106410618

ioi'"Mar'02

J-J
J-J

J-J

iois4io2"
94
94

104 J'ly'03
102 14 104
102 Oct '01
103 J'ly'03 slO 10141034
104 »8 May'02
1061a Mar'03
10641064
Sgia 931a 93
933. 56
92 >4 96

CarbA Shaw 1st g 4s... 1932 M-S
Chic St L A N O g os...l951 J-D
Gold3>as

112141134

IO414

FA
FA

r

97

_

iis'"^ Sale

-M-N

95 la Sale
M-S
7312
M-S
J-D 107 108 la
M-S
91
'

KCAMRABl8tgug58.1929 A-O
See M K A T

Kan C A Pacilic
Kan City Sou 1st

gold 3s.. 1950 A-O

105

105

118
93 14
104
6

66 la Sale

1950 A-0

Registered

1184
95

10741074
984102
1184123 4

1184

95
70
108
91

951-^

7414 Feb'03

108
92

108
J'ne'03

100
75

1154
934

654
63

LAX

6634

53

654

7138

Oct '00

Kentucky Cent See
Keok A Des Mo See C R I A P
KnoxviUe A Ohio See So Ky

Erie A Wl8tg58..1lt37
2d gold 5s
1941
North Ohio Istgug 5s. .1945
L Sho A Mich S See N Y Cent
Lehigh Val (Pa) CoU g 58.1997
Registered 5s
1997
Leh Val N Y 1st gu g 4 'as. 1940
Registered
1940
Leh V Ter Ry Ist gu g 58.1941
Registered
1941
Leh V Coal Colstgu g 5s. 1933
Registered
1933
Leh A X V Ist guar g 4s. .1945

Lake

J-J
J-J

1154

115
110

Sale

A-O

1154

1154120

109
111

110

109
ill

J'ne'03

M-N 103 "a.
M-N
J-J
J-J

1064 Aug'03

11339

1144

1104Feb'02

.107

10641084
4114"

1094J'ue'O2

A-O 114
A-O
J-J
J-J

113

109 4 Oct '99
108 4 Sep '02

ioi'

M-S

11359 J'ne'03

'bo'

934 97

95

Mar'03

100

100

118

A Hud R See Cent of X J
A WUkesb 6'ee Cent of N J
Leroy A Caney Val See Mo P

J'ne'03

100

Registered
194.0 M-S
El C A X Ist g 1st pf 6s. 191 A-0
Gold guar 5s
1914 A-O

Leh
Leh

Long Dock See Erie
Long Island Ist con g5s./i.l931 Q-J
Ist cousol gold 48

193s
1922
1932
Unified gold 4s
1949
Debenture gold 58
1934
Bklyn A Mont Ist g 68.. 1911
1911

Ist 5s

N Y B a' MB iVt coii g sV 1935
1927
N Y A R B l8t g5s

Nor Sli B Ist con g guSs ol 932
Louisv A Xashv gen g 68.1930
Gold 58
1937
Unified gold 48
1940
Regi.stered
1940

100

M-S'

J-D
M-S
J-D

MS HI

M-S 105
A-O
M-S
Q-J
J-D

118

118

100

102 14

1051410514

J-J
J-J

1004102
9778

1124 Jan '02
112 4 Apr '02
1154 J'ly'03

116

M-N

Coll trust gold OS

111

'98^8 Sale"

984
100

1931 M-N

1907 M-S

Jan

106

U2I4

1004

1144118

HI

112

110

111
98'8

1134

9741014

'02

II2I4 J'ly'03

Dec '00

11141144

IO8I4 Jan'03

,

112-4

10814 IO8I4

126 May'03
124«8Apr'02

II214

Ist gold 68. ...1930 J-J
2d gold 6s
1930 J-J

on Next

Jan '03

100 J'ly'03
100 4 J'ne'03
100 Oct '00
99^8 J'ly 'o;:*
111 Jau'02
105 14 Mar'03
112 Mar'()2

114

/tl931 Q-J

General gold 48
Ferry gold4ias
Gold 48

125

129

I'ajic.

GoH nnd Electric Light
Mnt Fuel Gas Co See Peop Gas

XewarkCon8Gascong5s 1948
g
Ed El lU Istconv g58..1910
1995

Ist consol gold 68

XYAQEl LAPl8tcoug58l930
Paterson A P G A E g 58.1949
PeoGas A C Ist gu g 6s. .1904

1904
1943
1947
Refunding gold 58
ChG-l-ACkelstgug5s 1937
105
Con G Coof Ch Istgu gos.'36
Eq G A F Ch 1 St gu g 6s 1 905
125
Mu FuelGaa Istgu g 53.1947
964
Syracuse Lighting Ist gos.'ol
1084
lYenuin G A El Ist g 58. .1949
2d guar gold 6s
1st con gold 6s

61 4 Oct '01
10734 Dec '00

M-N
105 Aug'03
Kings Co El L<»Pg59...1937 A-O
Purchase money 68
199 A-O 11834 Sale 11834 11834
93 14 May'03
KdElIlBlcnl8tcong48 1939 J.J
104 4
XacGu Lof St L l8t go8.el919
104 Sale 104
MUwankee Gas L Ist 4s. .1927
95 J'ly '02
• No price Friday; latest bid and asked thl8 week. aDneJan

109
107

J'ly'03

H

08.. .1948
XYGELHAPg 48. ..1949
Purchase money

96
105

107

85

1004105

91

Iit9',> J-J
Registered
Col A H V Ist ext g 4s. .1948 .\-o

BONUS—Continued

P G A C Co

1923 J-J
Detroit City Gas g 68
Det Ga« Co con Ist g 58. ..1918 F-A

81

Apr'03
10934 May'03
103

SSi^Sale

See Chos A O
Gu If A S 1 1st ref A t g 5s &1952 J-J
A St Jo See C B A Q
ousatonio See N Y X
AH
Hock Val l8t consol g 4 1-28.1999 J-J

NOAM
XOAM

1932 J-J

Int g 08. .1949

Xor— C B A y coll

Registered. /1

LCin A Lex

May'02

I^iplit

UhGLACCo ieePGACCo

103411234

Grand Rap A I ml See Penn KU
Gray's Pt Term See St L S W

J-D
EH A Xa8hl3tg68....1919 .M-N
gold 4ias... 1931

nilSCELUL-NEOUS
Buffalo Gas Ist

J-J

CeclUau Branch 7s

X

and Electric

104

101

M

lOOia J'ly'03
91 J'ly'03

95
78
85

1937 A-O
1916 J-J
g 58. .1937 J-J

106 "a

1061a Feb '02
105
ar'98
103 >-2 1031-2
81 "aJ 'ue'03

M

J-D

V^alH A HonS821st 58.1913 A-O
Ga A Ala Ry 1st con os.. 01945 J-J 102
Ga Car A No Isl gu g 5s. .1929 J-J 1021a 1061-.
Georgia Pacific see i>o Hy
Gila V G A Xor See So Pac Co
Gouv A Oswegat See X Y Cent

W

Feb'Ol

111

100

Begistered

ASA

1951
102
1951
Registered
136 13718
1951
Mempli Div Ist g4s...l9ol
108 1311114
Registered
1951
St L Sou 1st gu g 48.. ..1931
IO514IO514 Ind Bl A West See C C C A St L
Ind Dec A
1st g 53
1935
Ist guar gold Ss
1935
Ind III A la 1st g 43
1950
Int A Great Norlstg 6s.. 1919
97I4 9934
2d gold 5s
1909
3d gold 48
10414 107
1921
Iowa Central Ist gold 68.. 1938
108
105
Refunding g48
1951
JeHerson RR See Erie
80
60
Kal A A G R -See L S A S
an A Mich iSee Tol A O C
K C Ft S A M See St L A S F

102

61

61

115
103

1093, 1133g

97^,
9RV
106=8 May'03

99

,

115
23 102

13612 J'ly '03
149 Aug'Ol
109 J'ly'03
122 J'ue'99
105>4 J'ne'03
11138 P"eb'02
14334 Nov'02
14712 J'ne'02

ISCHl.

98

127«8 1311a

Feb'03

102

J-D
Gold 43
1995 J-D
1951 J-D
Det Sou 1st g 48
Ohio Sou Div l8t g 4s.. .1941 M-S
Dti1(& Iron

129>4 1331a
1301a 1341a

IO2I3 1021a
10934 J'ne'03

102'*...
11018...

117

113

126»8l28>8 127'^ J'ly'03
10S«8...
115 J'ne'03

Improvement gold 5s. ..1928 J-D
Rio Gr So gu Hee Rio Gr So
Den* S West gen sf K58 1929 J-D

DesMoi&FtD SeeCR&lF
Des M & Minn See Ch & N W
Des Moi Un Ry 1st g 5s. .1917
Det M & Tol nee L S & M So
Det & Mack Ist lien g 43.1995

W
W

J-J

FA

l^akitGtSo *cfC^[&StP
J -'alias & Waco Hfe M K & T
<fc

J-J
J-J

High Ao Loto JUy/i
Sep '00

100

illiiiois Central Ist

100
82

Col Conn <fc Term t;ee N A
Conn<fe Pas Kivs Ist e 4s. 1943 A-0

Del Lack

J-J

Hange
Since
5 o Januarii
1

s...

Last Sale

Ask Low

Bid

Pen 1st g os...l91S
gr ext gold 5s. .1930
Cousol gold 5s. 1
1943
Fort St U D Co l.st g 4H2S.1941
Ft
it Den C Ist g lis
1921
Ft
it Kio Gr 1st g o-4s.l928
See So Pac Co
/ 1 al Har

Houst
93
55
110

Week's

Range or

August 14

it

.Uonst

Rejristeretl

Clev & Pitts ^?f Penu Co
Col MKlLina Ist b48
1947 J-J
Colorado <fc Sou lal b4s...19'J9 FA
Colum <fc Greenv S(* So Ky
Col & Hock Val iVf Hock Val

Price
J'i-iriaii

liiiul

Greenbrier

Ctn S

Wh

Cen

Fla

Gt

May'03

95

BON D.x
STOCK EXCHANGE
Week entjinq acgdst 14

X. T.

1st

Oct '00

nil*

Ill's 1163s

LXXVII.

[Vol.

High Ao Low Jiigh

lllV;J'ly03
109 Apr'OU)9 Mar'Oo
niH;lHH-'01

!

iV:

Lote

Since
Januarij 1

2

.

1024112

103«8Sale 103 4 10334
883, 87
88
88
10414
106 J'ly'03
114
114
103 J'ne'03
.101

87
104
114
102

97 14
107
119
107 4

101 4 J'ly '03
100 J'ly'03
110
116
1 05 14 Apr'03
100 J'ly'03
105 J'no'03
103 J'ue't)3
105 Feb'03

101
100
11 116
105
100
105
102
104

103 4
102 4

994
100
116

120

100
*101

105

1004
*101

109

1254
107 4
109

1084
103 14
105

Peb'Ol

Due Feb dDueApr eDueMay ADueJ'ly VDaeAug oDueOct {DueDec

<

Option sal*

—

August

Bond Record— Continued— Page

15, 1903.]

BONUS

August

Bid
<te SasUv—( Continued J
Pensncola Div gold 63. ..1920 M-S
1921 M-S
St L Div 1st ^olil Os

Ask.

IioalsY

125'-.

CU SeeC l&

I.

"si" Sale

See X V Ceul
Mid ot N J See Erie
See Cliio <&
"W
LS
Mil & Mad See Chic <&
<fe St P
ifc North
See CU
Minn & St L lat gold 78. .1927
1909
Iowa Kx 1st gold 7s
Pacitic Ex 1st gold GS...1921
South West Ex 1st g 7s. 1910
1934
Ist consul gold 5s
Istand refund gold 43.. 1949
Minn <fc St L gu See B C K Jfc X
M<)c P Ist53stpd4sintgu 193ii
SS
& A 1st g 4 int gu 1920

Registered

N Y<t
974100
107'2 1071-j

84

84

110
100

110

Sale

Mav'03
Mar'Ol

no

Dec '01

111

100

10114 Sale

J-J

i08»3ib9" 108

101

100

1037a Dec'02
1081*

104

lOS

>.

lllHi

i-j

J -I)

J-J
J'ly
J'ly

72

71
14

72ht
17S8Sale
10 Sale

171-.:

8^

10

17

718
196

80

65

8

*

M

W

FA

92

9234
90»8J'ly'0]

923* Sale

MS
MS
J-D

106

92

97

M

136

M-N
M-S

11634 Feb '03

]
'

09

112

973*

103
98

97

Wa Ist gug 5s.. .1940 M-N
Kan C & Pao 1st g 4s. ..1990 .M-S
M K & T uJ T 1st gu g53.1942 J-D
SherShifc So 1st gug 5s. 1943 PA

95I2
75 14

Sale

77

<fc

78
100

&

Neoshu 1st

7s... 1903

1942
Missouri Pacilic 3a78
190G
1920
Ist consol gold 68
Trust gold 5s stamped. al917
Kegistered
al917
1920
Ist coU gold 5s
Cent Br Ry Isl gTX g 43.1919
Leroy <fcCVALlstg5s 1920
Pac K of Mo l8t ex g 4s. 1938
2d extended gold 5s. ..1938
St L IrM<& Sgen cou g 5sl931
Gen con stamp gtd g 5s 1931
Unified & ret gold 4s. .1929
1st g 5s. 1926
VenU V I <&
Mob <& Birm i)rior lien g 5s 1945
Mortgage gold 4s
1945
Mob Jack & K C 1st g 5s.l946
Mob & Ohio new gold 68.. 1927
Ist extension gold 68../il927
1938
General gold 43
Montgom Div let g 58. .1947
St L. & Cairo coll g 48..el930
Guaranteed g 43
1931
& O coll 48 See Southern

W

M

82
.100

J-D
A-O 108 lu.--.

M-N
M-N
M-S
M-S
P-A

109

107 >2 107
118 118

'

Nov'Ol

26

8712 90
97 IO5I2

Aug'03

I07I2III
107 IIII2
118 122

10434

10234 10738

101 >2 102 »* 35 IOII2IO712
94I2
92 J'ly '03
89
* 96
100 May'Ol
J-J
'
lOlSj lOlSg lOlSg
6 10138 IO514
J-J *110J4
112 Apr'03
112 113
"69 110 115
A-O 1103* Sale 110
111
A-O
111 Aug'03
111 111
85 14 Sale
J-J
§514 112 84
91 12
841a
log's Sale

FA

90

FA

MS

110i4J'ly'00

J-J
J-J

93 Apr '02
102 J'ly '02
122
122
1243gApr'03

91

J-D
J-D *122
Q-J

M-S

9134 J'ly '03

F-A

Q-F

114
93

J-J

122 I2712
124^8 I25I2
9134 9712
114 II512

l01iaJ'ne'02

Mar'03

Feb '03

93

93

J-J
Ist
5s
1928 A-O
Jasper Branch 1st g 68. .1923 J-J
McM
<fc Al 1st 63.. 1917 J-J
Branch Ist 6s. ...1917 J-J
Nash Flor & Shef See L <fc N
Nat of Mex prior Uen 4><2S. 1926 J-J
1951 A-O
ist consol 4s

116
111

12084 124

112

116
111

TAP

NewH&D -SeeNYNH&H

NJJnncRR See N Y Cent
New Cin Bdge See Penn Co
N O & N E prior lien g 6s pl915 A-0
N Y Bkln Man Bch See L, I
N Y Cent & H Riv g 3^23.1997 J-J

'

99
77

J'ne'03

112 la J'ly '03
113 Dec'99

MW

115

112

J'ly '02

Dec'99
100
77

981a

75

Sale

12294 124

98
73

IO312
79''e

<fc

<fc

95k Sale

of.. .1884-1904

1884-1904
of.. .1889-1904
1890-1905
Debenture g43
Registered
1890-1905
Debt certs ext g 48
1905
Registered
1905
Lake Shore coUg 3H28...1998
Registered
1998
Mich Cent coU g 3>38
1998
Registered
1998
Beech Creek 1st gug 4s. 1936
Registered
1936
2d gu gold 58
1936
Beech Cr Ext 131^3^23 61951
Cartifc Ad 1st gu g43...1981
Registered
Begist deb 53

95 \ 227

95

M-S

MS

95i4Atig'03
101 63 J'ly '<J3
101ii2J'ne'O3

M-S

104
105 14

95
100
101
100

109 12 Sep '97

1997 J-J

Registered

J-D
J-D

M-N
M-N
F-A

9934 J'ne'03
99 Dec '02

9334.

"99";

100!^ Apr'03

8934 Sale

8834

8i>34

F-A
87 S2 J'ly '03
F-A '863^ "87' 86
8612
F-A
91 Jan '03
J-J
108 May'OS
J-J
106 J'ne'98
J-J *108

10378
lOl's

gug 43. .1991 M-S

Norf

9934 100!%

1

124
139

112 May'()3
1 23 12 Mar'03
127 J'no'02
110 Dec'Ol

20 "8.

'101

124
139

112 1121a
123 la 1251a

lOOiaNoT'OO
llSTgMay'OO
119i2Deo'02
117 J'ly '03

119

11334

117

101 la

IO214

May'03

103

122I4

Jan '02
10738 107i»

10738Feb'03

98
10214 Sale

12 101
102

106

,

103»4

131^

123»8.

13134 Apr'03

12834

101

106i4May'(l3
105 May'03

105 10614:
10334 105

100

99 1031a,
lOOBslOl

100
100

Sale

100
May'OS

101

West gen g

6s

IO4I4.

M-N
132

F-A

A-O

"97" Sale

AC

A-O
J-D

89
J-J »]03
97
M-N

WW Q-J

Sale

Sale

100 12 Sale

Q-J

Q-F
Q-F

7034 Sale

'

Oswego

87

101

94
111

Rome

See

W

J-D 102

IOII2

A-O
M-N

102
102

106

J-J
J-J

109

2d7s
3d 78

Apr '02

E

*

M-N
A-O
A-O

91

.

•f ....

9978 103"%
7018 7379
7014 721*

101
127
^.i

961a 98

Feb '02
Aug'03

114

lUia

15 101

111

102

102

Apr'03

Apr '02

10734 J'ly '03

121

10734 110
106 1091a

97
95
951a
I2214I23

96

Oct '00

102

J-J '*iio'i;

Nov'OO

J-J
IIOI4 J'ne'03
11038 J'n6'03

FA

9212

1912 J-J
/a912 A-O

RR 1st real est g4s.l923 M-N

Consol sterling g 6s
1905
Convertible g 312S
1912
Con currency 6sreg...ffl905
Consol gold OS
1919

102

100

lieiaPeb'Ol
106i4Nov'02
96 Jan '03
12759 Oct '02
128 Jan '03
130 Apr '01
100
100

IIOI4II419.

11018112
96

96

128

128

100

104

J-J

M-N
9538 Sale
Q-M
M-S 109

94

9578 326

937910719

on Next Page

Am Telep & Tel coll tr 48 1929

J.J

M-N 100

FA

FA

103
78

A-O

,

Sale

82
108

latest bid

and asked

55
112
103
77
115
107
80

Nov'OO
Apr'03
103
7912
J'ne'02

Comm
112 112
9978 105
7612 9634

May'97
May'97
106i4Feb'02
105 Oct '00
91

Sale

this

91
103
109
105
98
75
32

week,

J'ly '03

J'ne'03
J'ly '03

Feb'OO
100
75
Jan '00
o

Due Jan

MutUnTelCo SeeWestnUn
N Y & N J Tel gen g 58. .1920 M-N
No Westn Teleg 6'ee West Un
West Union col tr cur 5s.l938 J-J
Fd and real est g 412S...1950 M-N
Mut Un Tel 8 fund 68...1911 M-N

91
91
103 10734
IO5I8II2

98
75
ti

10234

81

Due Feb

961a Apr'03
9612 100i2Apr'02

J-J

Cable Co 1st g 48. .2397 Q-J
Registered
2397
Erie T & T col tr g a t 58..1926
MetT& T Istsf g5s
1918 M-N

Northwestern Tel 7s

104

961a 961a

lOOHaOct '00
109 Oct '99
114 Nov'02
10514 J'iy'03

105

10514 1081*

106 "a J'ly '03

106
102

103
10234 Sale 10234
10712 107 la J'ne'03

110
105

107 12 109

1904 J-J

.^lannfnctnring <&: Industrial
Amer Bicycle s f deben 58 1919 M-S
Am Cot Oil ext 4»2S
1915 Q-F

Am Hide & L Isl 8tg63..1919
Am Spirits Mfg 1st g6s..l915
e

.112
10534

M-S
M-S

34
9379 Sale

S3

86

Due May jrDueJ'ne A Due J'ly p Due Nov

9378

S3
S7
«

Feb '03
9378

84
J'ly '03

Option

sale.

i

iio'Tie'iJ'

A-O
M-N
P-A

312 guar g
1949
C 1st 7s.. .1912 J.J

W&

BON D!>>—Continued

9912IO4

'02

106 Mar'03
102 Nov'98
96 Mar'03
95 J'ly '03
122i4Feb'03

M-S

PCG<feStLgu4i2SA...1940 A-O
Series B guar
1942 A-0
Series C guar
1942 M-N
Series D Is guar
1945 M-N

Series
Pitts Ft

97"ibl"

NY

Pitts gug3i2S B.1940 J-J
Series C
1940 J-J

92^8
86
91
91
IO7I4IO8

Oct
la

1141a May'OS
108iaJ'ly'02

Erie&

91

871a 94

il2i4ii2^4i

9612 Mar'03

Ill

J-J

96

128

J'ly '99

110

.

1321*
10178

125

Apr'03

112 14 J'ly '03

.

132

101

J'ne'03

125
132

FA

Q-F
F-A 10934
A-O 107
J-D
Q-M

II5I4
1331a

<fe

N& C Bdge gen gu g4i2S 1945

94^8

86I4

<fc

9912 IOOI2 434
99^8 Aug'03
70'2
ibo
71

114
133
128

M

-See

St P -See C <& N
Coast Co 1st
Pao of Missouri g 5s. ...1946
ac
See Mo Pac
Panama 1st s fund g4i28.. 1917
Sink fund subsidy g 6s. .1910
Pennsylvania Company
Guar Ist g 412S
1921
Registered
1921
Guar 312S coll trust reg.1937
Guar 3 128 coU tr ser B...1'J41
Tr Co certif's g-u g 3i2S.19i6
C St L & P lat con g 5s. 1932
Registered
1932
CI <fe P gen gug 4 "28 ser A. '42
Series B
1942
Series C3128
1948
Series D 3128
1950

OCF&

114 Feb '03
133i2Apr'03
128 Apr'03
132 14 Jan '03
97 12 117
96
100i2Jan'02
"54
8834
89
107 12 J'ly '01
97
97

70 12 Mar'03

J-D
J-D

J-D
General gold 5s
1937 A-0
Ore & Cal -See So Pac Co
Ore RR & Nav -Se« Un Pao
Ore Short Line See XJn Pac

UOiiDec'Ol

"WhLE<fe PCColstg58.1919 J-J

No price Friday;

105

Feb'O'J

Telegraph and Telephone

J-D
S5
2d gold 5s
1926 J-D
Kan cfe H G •& C 1st s f g 58.1951 J-J
Pleas Val Coal Ist g s f 53.192tt J-J
Boch <fc Pit C & 1 pur m 5s. 1946 M-N
Tenn Coal gen os
1951 J.J
Tenn Div 1st g 6s
(il917 A-O
Birm Div Ist consol 6s. .1917 J-J *103
Cah O M Co 1st gu g 63.1922 J-D
De Bar C & 1 Co gu g 6s. 1910 F-A 100
"Va Iron Coal & C Ist g 5S.1949 MS
73
'

<fe

—

107 1<2 J'ly '00

*102'a.

1023*
105 In

<fe

W

100
lOO^lOOi^

.'^IISCEL.LANEOUS
Coai and Iron
Call Coal Min See T C I & R
Col C <fc I Dev Co gu g 6s. 1909
Col Fuel Co gen gold 68. ..1919
Col I <fc 1 Co gen s t g 5s.. 1943
Convertible deb g '5s
1911
6r Riv Coal <fe C Istg 6s. .1919
Jeff & Clear C & 1 1st g 5s. 1926

,S'ee

1931
Improvem't<fe ext g 68. .1934
New River Istg 6s
1932
N & Ry l8t con g 4s. 1996
Registered
1996
PooahC<fc C joint 4s.. 1941
C C cfe T Ist gug 5s
1922
Scio V <fe N E Ist gu g 4s 1989
North Illinois 6'ee Chi & N
North Ohio -See L Erie &
Nor Pac Prior Uen g 4s. .1997
Registered
1997
General lien gold 3s
a204'7
Registered
a2047
C B<fe Qcolltr4a 6eeGtNor
St Paal-Dul Div g 4s. ...1996
Registered
1996
St P & N P gen g 6s. ...1923
Registered certitic's..l923
St Paul & Dul 1st 5s.. ..1931
2d 53
1917
Ist consol gold 4s
1968
Wash Cent Ist g4s
1948
Nor Pac Ter Co 1st g 68. .1933
Nor Ry Cal -See So Pac
Nor Wis -See St P
<fe O

Penn

1992 Sep

Jan '03
Jan '03

98
105

Jaii'O:

cfe

Gouv<feOswelstgug53 1942 J-D
Income 53

J'ly '03

<fc

100

A-O
J-D
95

98
105
114

.

11218.

N Y&NE 1st 7s
1905 J-J
1st 63
190i J-J
N Y & North See N Y C & H
N Y O W ret Ist g 4s..»1992 M-S
Regis $5,000 only
(/1992 M-S
N Y Put See N V C & H
N Y R B See Long Island
N Y S W 6'ee Erie
N Y Tex & M See So Pac Co
Nor & South 1st g6s
1941 M-N

99i2NoT'02

Clearf Bit Coall8t8t4s.l940 J.J

Moh<fc Mai Ist

.

W See N Y CentSt L
G
OIndRiver RR 1stC C5s.l936
hio

<fe

Debenture 5s

.

g

& Esses See Del L W
Chat & St
Nash consol goldL, Ist 7s.l913

llli-j

100S4lO3'>8

101

<fc

<fe

<fe

Morris

106

Si

.

*117

Blk Riv gug4s. 1922

Nor & Mont

Mai SeeHYC&H
Monongahela Riv See B & O
Mont Cent -See St P M & M
Morgan's La & T See S P Co

Mohawk

12

10634 1113.t

U,

<fc

ATig'03
107 S,

IO4I4

10434 Sale

100i«
85
10412

95
75
100

101
101

.

<fe

97
77
100
Oct '02

1071.1

loua,

1-3

124
139

.

123

*

N Y Chic <& St L Ist g 4S.1937
Kegistered
1937
N V '& Greenw Lake See Erie
N Y & Har See N Y C <& Hud
N Y Lack & W See D L W
N Y L E & W See Erie
NY&LongBr SeeCentofNJ
NY NE
N YNH H
New York New Hav & Hart—
Housatonic K con g 58.. 1937 M-N
N H & Derby con g 68.. 1918 M-N
<fe

120a8
9734 1033,

109

Apr '01

100
86
106 Sep '02
90 Mfty'03
993^
99
105 "2 J'ly 'o;

<fc

Tebu

1231212312

J-J

2d gold 43
srl990 F-A
1st ext gold 53
1944 M-N
St L, Div 1st ret g 4s. ...2001 A-0

MoK<fc E lstgtig5s

1441-^14538
11634 1163,

123>aApr'03
121
Jau't
109
109
9734 Aug'03

J-J

MSlP<fcSSMcong4iutgu'38 J-J
Minn Uu 6ee St P M &M
Mo Kan Tex l8t g 48.. .1990 J-D
Dal

"UHi
*116
*115
•128

'4

101
101

07 \

KW&OTR Ist gug 58.1918

144i2Apr'03

llOia
116Hj
1131a

J-D
J-D
A-0
J-D

tligh.

'02

10(13.1

R W<fe Ocon I8text58./il922
Oswe& R2dgug58...el915

May'OO

N

107

lOl's.
IOI'b.

N

Utlcacfc

W
M
N

107

7s.

Bat C * Sturl8tgug3s.l989
Y <fe Harlem g 3 Has... 2000
Registered
2000
N Y&North Ist g 5s. ..1927

183^

A-0
A-O

Hiqh Ao Low
Oct

lOoiaNov'Ol
>2

L&

121a 2814

Janv ary t

Ask Low

l8tcongiig4s 1993

.

A-0
A-0

S.
Unce

Last Sale

105

2361
1903
1903
Registered
1997
Gold3>2S
Registered
1997
Det Mon & Tol 1st 78.1906
Ka A .t G R Isl gu o 5s. 1938
Mahon C'l RR ist 5s. .1934
Pitts M c K ifc Y 1 St gu 63 1 932
2d guar 68
1 934
M c K cos & IJ V 1 St g 68 1918
Mich Cent Ist consul 68.1909
1931
58
1931
Kegistered
1940
4s
Registered
1940
1951
J
S Istg SHis

113

Micli Cent

MU
MU

Bid

Regist ored

1143,

110

August 14

Range or

lOHti

Lake Shore consol 2d

92

113
110

J'ly '03

I'll

fViilav

Ra nge

Week's

I'Tice

2.«

Nor & Mont 1st gug 5s. 1916
West Shore 1st 48 gu... 2361

84

113
110
115

lOSH:

M

w

Aug'02

107^. J'ne"03

KeutiiokyCent Kolil4s..li'ST J-J
L* X ifc M * M 1 St SI 4 i-js llt4r. M-S
L* X-South M )<niit4s.li>.>-J J.J
N Fla <& S 1st gii n as. ..1937 F-A
Pens & Atl 1st iru g 6s. .1921 F-A
S <fe N .A.I11 cou Kii g 58..193t; F-A
19111 A-O
Sinkfuml coUlOs
L <fe J ell Bilge Co gu K 43. . 194o M-S

S
S?« L S <S>
Mahon CoalRyoon3ol43.199(i
anhattan
1 99(
Kogist ereil
19()>
Metropol El Isl g tis
Colouiz g 53
1934
Man S
McK'iit <fc B V Hee N V Cent
Metropolitan El See Man By
Mex Cent consul goltl 43. .1911
1st consol income g 33.al939
2(1 consul income g 33..al939
1917
EQuip & coll goUi 5s
1919
2(1 series gold 53
1907
Coll tr g 4>28 1st Ser
ilex InterDatlstoon g 4s. 1977
1977
Stamped guaranteed
Mex -N'oith 1st gold 63
1910

N. Y.

Since

75 J'nc'02
113 Nov'99
97 »o J'ne'03

ll'Sti M-S
2(1 sold 3s
Hemler Bdselstsf gtis.liK-il M-S

<fe

Kange

Range or

H

3S9

3

BON D.S
STOCK EXCHANGE
5.^
Last Sale
Jnnuarg 1
Week Ending august 14
Low High Ao L010 Migh N Y Cent & H \<^( Continued)
11638 Mar'02
N J Juno R gul8t48...1986
s-^

Week's

Price
Pritiay

STOCK EXCHANGK
Week Ending august 14

K. Y.

LNA

.
.

34
421a
9379101
83
98
94I4
85

—

.

1

340

Bond Record—Concluded "Page 4

15«)M)>
N. T. STOCK EXCHANGE
VTkkk Ending august 14

/Vice
>J iu'll!/

TlVets
JiOnye or
Last Sale

August 14

I»eun KK fContinueiiJ
Consol will -is
1943
AUes Val seu jai g 4s...li>4C
CI * Mar 1st su K 4'->s..li>Sr

Ask

Kid
106
100
102

DKK KA

K>:e 1st gii 4s s.'36
GrKvfc lex 1st Kus4S3sl;i41
Suu Lewis 1st g4s...l5>30
>.' J K K it Cau jreu 49.1H44
Peusaoolu vt At ^Vt^ L,it Nasli
Peo iV Kast i-ee C U C Jb St L
Peo iV. l>ek Uu 1st g 63....iy.'l
•ill i;oKl4'-iS
6H»-21

?-*

Jiange
Hince

N. Y.

January 1

io-i'NoV'yf
112»4Mar'00

Consol g Os'int guar. ..1912

Gen gold 4s int'guar..l921
Waeoit X W div 1st 6s '30

10412106

ioii" j'iy'o.i

10li>.,
*

Morgan's La

M

1'

l24»oApr'03
95 J'ne'03

il6''-L

s t>s.li>20

116
107
107

ibe"

H

Pittti Cui Jt St'L See Peini Co
Pitts Cler & Tol 1st s t;9..1i>22 .\-o
Pitts It
Jt Cli
AV.- Pomi Co
Pitts Juuc 1st sola lis
H>22
Pitts <J; 1- Erie 2il g r>s...ali»28
Pitts ilcKees * V Hee N V Ceii
Puts Sh A- L E 1st g 5s...ltU0
Ist cousol goUl 5s
ll>43
Pitts iV West lst!r4s
lyiT
J i' M it Co tertrs
Pitts V it Asli 1st cim os.lD'.'T
\W~
KeaiUug Co sen c 4s

W

Kegistereil

1

it'.i

118><,

114

95

Buuie

Pitts

07 Hj Oct '98

11634 1171,

'"98"
IOOI4

120>-jDeo'l)2
9514 202
91

Sale

96isJ'iy03
yiSj

94

94
90

91 >2

'15

9812

J'ly'O.S
Jan '02

88

Con 1st gold 5s
E Ten reor lien g 5s
Ga Pac Ry Ist g 63

Hee

Cas Tus &

lOlUNov'Ol

aee Pere Mani
C?alt l,akeC 1st g s t Gs.. 1913
StJoitGr Isl 1st g3-4s..ll>4T
Bt Law it AiUrou 1st g os.iyyO
2ii gohi lis
lyyo
Bt L ifc Cairo are Mob it Ohio
8t L A; Iron Mount Hee
P

"SS'May'Oa

MS
General 5s
193t; MX
Guar
1936
W O W stamped 4s. .1924 MX
1st cv gu
FA

94

87

cfc

10434 Sale

cfc

i04

General gold Os
iy31
General gold 5s
iy31
8t Lit S F UK cousg4s..'yo
Southw Dir Istg5s..ly47
Kefundiug g 4s
iy51
C Ft S A: M con g 63..ly2S
C Ft S it .M Ky ref g 4s 1 y30
Kegisten-d
1936
Bt Louis So Hee Illinois Ceut
1st g 4s bd clls. iyS9
Bt L S
•Jd g 4s inc boud Ctf3.../;iys9
Cousol gold 4s
1932

1043

10434 100

J'ly'03
124>-;J'lv'03
10914 1091.

,

109 Hj

103 12 106
120 129
lOSi-jllo
9512 95 12

y5H;Jau'03

91

1^

6834

60

93

10
70=8 130
69 Si 20

& Dili .See ^."or Paciiic
M Man 2d 6s. ..1909

IIOI4.

llSiiFob'OS

1933
Isl cousol gold 6s
Kegistereil
1 y 33
Beduceil toeold4'-23..iy33

127

1 '27 "2

10S>2.

ifc

1933
1910
1937

Kegistereil

Dakota est gold 6s

Mont

.

IIC^

IIOI4 J'ly'03
lOOV, looa.)

106
103

BTTins

W

A;

Ist

Sil Sl> Ocaifc

li

111

Aug'Ol

11334

Dec '01

12

I34I4

134

Apr '97
iis" ir8i2

Aug'li3

11234

ill

Aug'Ol
95i4May'03
87

79 Sale
75
lOO'alOl'tz 10034
1 1

89 Hi

75

84 3^

100l4l03>-2

May'03

Hi

95

'95"'96'C

81
10034

I4

J

Feb '03

IIII4IIII4
95 Hs 951-.:

W

1949 F A

Keiristered

eal
2d

Apr '02

'84"

99 14 Mar'03
82
83 ^

105 12 105 Hi
96 102
99 14 99 »4
82
88

Feb '03
Feb '03
Jan'03

11014 112
105 105
10718 10976

loy-iFeb'OS

IO912IO9I2
105 105

19051 J

N *100

M
Gil;i \'G*X Istgug5s.l924! VI
Hour E & \V 'i 1st g 5s. 1933: M
19;;3l M
1st L'uar 5s reil

86

"83

IIOI4

105

105

X
X
X

109 7g

105 Ma) '03
10212 Dec'02

105

J J
J-J

.\o
J-D

AO
J-J
J-J

J-D
F-A
J-J

"96 14

!•:

llli2 0et '0'
10412 105 Apr "03
Sale Ill's 113
llli4Aug'0:"9"ii-j
90^8 Aug'03
112i2Ai)f'03

94

109

05

11934

110

IO6I2 110
10834 112

101

65

105

111%118%
IIII4II7
89
97%

112% 113%
94

98 %

115
114

116%
119%

114
122
123
114

11534

109

94
Mar'Ol

120
95

109

119
110

May'02

108

11134

Dec '02

Sep '02
116i8Mnv'03
115
115
120

'!IIIIIii5'

110
117
11514
11134
97I4

Jan '03
Mar'03

114
122

124i2Feb'03
114
.

.

J'ly'03
IOII4 J'ly'OO
109 14 J'ly'03

92 Sep '02
104
104
123 Feb'02
112 Feb '03
IIOI2 115 Jan '03
Sale 108
109
113 12 May'03
93 Feb '03

'

109

85
109

1

,125

117

124

124%
318

ibi" ibs"
112" ii2'*
115
108

116

116%
113% 11 3 "8

93
115

15 12 Mar'03

93

115%

J'lv'OO

90

104i2Sep'02

105
110

IO7I4 J'ly'03
.. .
11212 112isAug-03
115 J'ue03

11434 Sale

1071411234

112% 118
115

Mav'03

102

11434
J'ne'03

102
113
81
111

41 113
81

117'%

102

118%

100
Jan '03
111 111
110 J'ly'03
111)
113
110i2J'ly'03
110% lis
Feb '03
107 107
"92" 107 12 J'ly'03
90
90
97
'Sfi^
90 Aug'U3
92
89
85 Is J'ly'03
S334 86
8II2 71
70=<8 80
71
98 Apr '03
98
98
108 J'ly'03
108 IIOI4
99 14 100 494 99 14 103»8
9934 Sale

iio"

xuo

94-2 Sale

97

99-8
:
99^8 103%
iy-'u
94I2 1999 90=8 107%
900b
IO5I4 IO514
I0514 Jau'03
97 12 Aug'03 55 97 102

120

120

10934

10934

F-A

10934 Sale
90 14 Sale

88

90 14

J-J
J-J

106
103

115

J.J

100

M-X

11414 Sale

101
101
114^8
114
103 12 Aug'03

127%

Nov'()2

FA

5 120

3 109 114
255 S734 98%

ll4i2Apr'02

104

MS

61

Cent

&

61
"2

J'ly'03

May'02

97
84
98

100
52

101^8
8434

107

1150

109^8

Dec '02
J'ne'03

Mar'02
Mar'03

lbs" ib9%

Soutliern
1st g 5s.. 1937 J-J

115% Aug' 03

1943 A-O

9612 J'ly'03

115%118%
96% 101%

Del l^ac

MS

109

& West

12

Nor Pac

.See
*'ee

W

Vifc

109
90
84

52
104
107

si" "85%

. .

WestN

Sale

,

1941 A-O
Oni Div Iste3i23
Tol <fc Ch Div 1 St g 4». 1941
St Clias Bridge 1st g 6s. 1 90S .^-0
.Sec

100 103%
113%118
103% 111

IOII2 Ain-'03

J-J

1939 J-J
Series B
1st lieu equip s fd g 58. .1921
Dot & Ch Ext 1st g 5s. .1941 J-J
DesMoin Div Isl g 4s. .1939 J-J

Wa.sli

95 la 100 Ib
92
84

105H2Feb'()3
96I4
97 'w

105

1931

A

it

102

102

9715

9 7 '8 Sale

7»

L'cl.l

MfS

96
84
95

'03

119 Mar'03
110 M.'»v'03
IO6I2 107
10834 J'ne'03

103

10534

W

Wash O

Paelstg5s

•.'uari.'old3>2S..itl929 J
/cl929l J
Har A: S
Ist g6s.. 19101 F

Kegistered

Jan

102
97'2 Sale
8 5 14 Sale

D
D
A
D

Mort

Ore Ry <fc Xav con g 4s. 1946
Ore Short Line I8tg6s..l922
1946
Ist consol g 5s
1927
4s ifc participating
1908
Utah & Xor 1st 7s
Gold 5s
1926
Uni N J RR & C Co 6ee Pa RR
Utah Central Hee Rio Gr Wes
Utah & North .See Un Pacilic
Utica & Black R 6'ee N Y Cent
See M o P
\ er Val 1 nd &
V irginia Wul .See South Ry
Va & Southw't 1 St gu 5s. 2003
1939
\\7abash Ist gold 5s
VV
2d gold 5s
1 939
1939
Debenture series A

Warren
'03

Mar

194i J-J
1911 M-X
1911 M-X

1st lion convert 48

'^

Apr '03

M-S
J-D

1

Feb '02

Mar'03

111

W

FA

Registered

105

103

103

IO4I4 IO4I4
10534 106%
II9I2 11934

iSee

A-O
TorHani&Buiristg4s./(194G J-D
Ulster* Del 1st cou g 5s 1928 J-D
u Pac KR & gr g 4s.. 1947 J-J

Apr '02

125^2

W

Bher Shr <fe So Seeil K & T
BU sp uca cfc U .See Sav 1' <fe
1924 J-J
Bod Bay <fc So Ist g Ss
Bo Car & Ga Hee Southern
Bo Pac Co— Coll tr s 4 SiS.. 1905 J D
Gold 4s (Cent Pac coll), tl 949 J D
Kegistered
11949 J D
A & X 1st gu g59....1941 J J
Cent I'ac 1st ref gu g 4s 1949 F A

RK
D L <& W
K&T

Feb

8612
74
IIOI4 11014

Penn

.See IM

Registered

105
89

gug 4s.. 1938
gu g 4s. .1918

&N E

.S'ce

XY

Tex & Pac E Div 1st g6s ..1 905
2000
1st gold 5s
97 12
920OO
2dgoldiuo5s
Hz
63^8 85 lo
1931
La Div B L 1st g 5s
Tol<feOClstg5s..:
1935
6C
86
Western Div 1st g 5s. ..1935
General gold 5s
1935
U3l8llSl2
1990
Kan it M 1st gu g 4s
I27I4I3514 T0IP& Wist gold 4s.... 1917
g3i2S.1925
TolStLA: Wprlion
1950
ibe" i'nii
50-year gold 4s

128 Oct '02
123 l)ec'99
y5i4>rov'01

aee Xor <k
Seaboard Air Line g 43 ...1950
Coll tr lefuud g 5s
1911
Setbtt Koa 1st 5s
1926
Car Cent Ist con g 4»...194y

Bcioto Val

& Lew

Syra Bing &
•
r ebo A: N

SO

11014114
100 104

Mav'Ol
103

128
134
115
115

W

1st gold 63.. ..1934
Ist gcdd OS
1934
8t John's Div Ist g 4s. ..1934
Ala Mid 1st gu gold 5s.. 1928

J'ly'03

Mav'02
Aug'03
116>sApr'01
140
107

est 1st gold 4s
101
Kegistered
ly 3 7
*102i4.
EMiuu Istdiv 1st g58..iyoS
Kegistered
1908
Kor Div 1st gold 48
1948
Miuu Uuiou Isl g 6s
19:^2
Mont C 1st gu g 6s
1937
12612.
Kegistered
1937
1st guar gohl 5s
1937
AVUl <t S F Ist gohl 5s. .1938
8t P (t Nor Pac Hee Kor Pac
St P A; S'x City .See C St P M A;U
SFe Pres& Ph 1st g 5s.. .1942 M-S
8 A A; A P Hee So Pac Co
8 F <fc N P l8t sink I g os. 1919
loo's.

Bav FA;

Sunb

M

92
70 »o Sale
69 V Sale

gugos 1947

AN Ala

100 J'uc'03
1 erAolSt List g4i2S.. 1939 A-O
100 100
79^4
83 473 7834 91-8
1st con gold 5s
1894 1944
118 J'ne'03
118 124
Bgo Ter gu g 5s. 1930 A-O
St L
7934
80 "33 79
8812 Tex & N O .SVe So P.tlc Co

83 Sale
113
79"sSa)e

W

1st

10434

1st con g 6s. .1914 J-J
6'eeLitX'
Spok Falls it Nor 1st g 6s. 1939 J-J
Stat Isl Ry 1st gu g 4128.. 1943 J-D

S

104:<4

,

ISuig

K
K

Gray'sPtTer

1921
192G M-S

West N C

<fc

Bt Paul
Bt Paul

D 4-5s
K 5s

Scries
Series

M

L K C N iiee Wabash
L M Br Hee T Kit A ot St L
L S Fran 2il g Os CI B 1 y 00
2il gold 68 Class C
1006

Bt
Bt
Bt

ll\y->4

102

Ul 111%

"

'94"

JI-S

19

75

J'ly'03
10414 Miiv'i
106>2 ."\Iav'03

i'l-i's

J-J
J-J
J-J

102

1031.1

Deb 5s stamped
19
AO 106 14
Rich& Meek 1st g 4s. ..1948 M-N
So Car it Ga 1st g 5s. ...1919 M-N
105
Virginia Mid ser C 6s...l91C M-8

11

111 112
90 12 94 "8

UOI4 Apr '03
IIII2 Apr'O

1938 M-S

.1922
Knox & Ohio Ist g 6s. .1925
Rich <& Dan con g 6s.. .1915
Efiuip sink fund g 5s .1909

>.'

Butlauil 1st cou g 4'i2S....iy41
Rut-Cauail 1st gu g 4 '-2S.li)4i'

195(1 .M-N

2 108^4 112

J'ly'03
113 Jan '01
105I2 Nov'Ol

M-S

ETVa&Ga

IIOI2II212
75
75
92
92

Aug'03
Mar'03

75
92

99
92

111

102

,

1943 J-J
1994 J-J
Kegistered
1994 J-J
Mob & Ohio coll tr g 4s.. 19 M-S
Mem Div 1st g 4ia-5s... 1996 J-J
St Louis rtiv 1st g 4s.. ..1951 JJ
Ala Cen R 1st g 6s
1918 J-J
Atl ife Danv 1st g 4s
1948 J-J
Atl& Yad 1st g guar 4s. 1 '.149 A-O
Col it GreenvlstOs
1916 J-J
Div g 5s.. 1930 J-J

96 1*
96

January 1

irar'03

74

J:ange
Since

High ^o Low High,

Mav'03
12712 Feb '0;
130 Nov'02
122 Seu'02

FA

191 '2

Sabine Div 1st g 63

2-e

92

NI-X

190,-

Lo2v
111

111

1st 7s. 1918

Cou gold 5s
IOOI4 Southern— l8t cou g 5s

96
90

94

110»..2Feb'03

75

it

NO 1st 7s

Texife

00 1-2

i

9334

94'-.

.-•7

iio

A-(1

AC
AG

Nov'97

1 00 '4 Feb '03

B R& P
Wat & On Hee Y Ceut

it

Aug'03

117»4 J'ly'03
98 J-ly'97
'.'8
Aiig'OS

VMO

tiHiininteeil

107

120 Oct '01
1 12 "i; Dec '02

7

Jersey Ceut coll j.'4s...U>51
Rensselaer <fc Sar '^ee 1) it H
Bicli it Dan Hee South Ky
Bid. A; Meek i>ee Southern
Kio lir West 1st k4s
lii:5;>
Cousol auil col trust 4s .1!>4'.>
tJtahCeut Isi g\ig4s.aiyi7
Bio Gr June 1st gu g5s...li>oi'
Bio gr So Isl gold 4s
i;»40
Bocli

1

AO

\o

124V2I27
95
95
lie 1211..
107 111
107 113

J'lv'03

137

Ask

1st gold 6s

May'OO

120

T

Week's
I\anye or
Last Sale

i^-i'ce

August 14

A-O 125
1920 J-J
K V T& Mex gu Ist g4s.l912 A-O
Xo of Cal 1st gu g 6s. ...1907 J-J 100
Guaranteed gold 5s
1938
110
Ore it Cal Isl guar g 5s. 19-. J-J
'"73'
S A it A Pass Isl gu g4s. 11143 JJ
So P of Ar gu 1st g 6s... 01909 J-J 104
1st guar g 6s
cl910 J-J 105
SPot Cal 1st g 6s
1905
102
1st g 6s series B
1905 .\-o 102
stg 6s .series C it D...iy06
103
1
l.stg 6s series E it F...iyi2 AO no
1st gold 6s
1912 A-O no
1st eon guar g 5s
193 M-N 108
Stamped. ..'..1905-.. 1037 M-N
SPacofN Jlexlstg6s..l911 J-J
S P Coast 1st gu g48....1937 J-J

98
117

1st consol KoUl 5s
\V^Pt Hurou Div 1st c os.liUitl
SugTusiV:
Islgut: 4s.ll>31
Puie Creek leu giuiil>s...iy3"J

^5

High Ay Lov) High Southern Pac Co— f Continued)
Hid
H & TClstg5sint gu..l937 J-J *111

Loic

I

Pere^Marq— FA.

STOCK KXCHANGE
ExmNG AriH'sT 14

LXXVII,

[Vol.

Wekic

1;

A

V

.

Pa

Gen

gold 3-48
Income 53

Nov

30

1st
6s.. 1911 J-J
W VaCentifc P 1st g5s. ..1926 A-O
LE

105

(ii943

40

Mar'Ol

West No Car 6'eeSou11iUy
W^est Shore

\\nieel'g&

See

N Y

Cent

g

Wheel Div 1st gold 5s. .1928 J-J
Exten <fc Imp gold 5s. ..1930 FA
1949 M-S
1st consol 48

WUkcs <fe East ft'ee Erie
it M
Wil & Sioux ¥ See St P
Winona & St P .See C <fc N
Wis Cent 50-yr Ist gen 4s. 1949 J-J

M

W

90

106

108

112

116%

110
86

110

33

88I4 133

86

....
108 J'ly'03
112'2 112 Is J'ly'03
113 Sep '02
110 Mar'03
Sale
90
86

8SI4 Sale

87

93*4

92%

MISCKbLAXEGU.-i IJ()M>S— Concluded.
Rlnniifnctn rins

Am

I'liread

If-t

I.V

IndDHtrial
..1919 J J
-.1951 F
-

N Oii-i

«.;

Ini Papei

Kn-r

I

\
<.

',:iT \ri

5.s.':i7

coll 11 SOS. 1911
-58
1910
'1. oen 5s
1913
It 1st Con g 6s. 1918
'•lir, l.,t g5s.'2S
.S....1923
^tg 6s 1920
..oU 5s.. 1925
Isl g 63. ..1946

If

J J
J J

V

k
*

1566

5134

6734

60%

191

59

77

100 Mar'03
99 Jan '99
100 Mav'02
li)8%Ang'0:;
93 Feb '03

.... .105

A

57

95

J J

48

70
46

M

....

5s. '22 3"

N
A

J

J

9834 100

10534110
93
93

":::::::::i 25'»J']y'03

V.y.'.'.

o,oltr2d5«.'r6:.
:.iy,

63
69

93
95

F

Jan

95%

1946
fdebg6s..l913

Anige

Sale
Sole

A •0

MX
* A

latest bid

.

4

5.S
-

C7
CO

HX

4

no
91

so

Sale

1

76 '4

arii^ked. a Due Jan

96
Mar'03
70

11

t.

95

80
08

3% 13%

'4

no

110
Jan '03
80

95% 97%
94
68
40

J'ly'03

4

6

.no

80

'00

92

;

ill

•TSoi-

A

A

78

J'ne'03

90
70

.

t

78

951 .iSale

.

ntai;

78

105

.

...1942 J J

•

•

111^

niiMCcllnncouH

col tr 4s.

'

114%

91

91

23
\Wi\

70

'4

SO
87 »«

Due Feb cDue Mar

ti

Adams Ex col tr g4s
1948 MS 104
Am Dkifc Imp 5s See. Cen t N J
Am SS Co of W Va g 6s 1920 M-X
.

£^

F-A
J.J

loss's

73

100%.

A

111

82

M-X
M-N
M-N

80
50

J-J
F-A
J-J

103

106

73

104

76

10034 J'no'02

. .

")S'48
li'kl'u FerryColsKJOnsg.':
Chic Jc <fe St Yard col g 5s. 1915
DetM <fe M Idgr incomes.. 1911
Hoboken Life I gold 5s... 1910
Mad Sq Garden Ist g 5.s.. 1919
.Man Boh H <t Lgeng4s.. l'.)40
Xew]) X'o Ship ife D V> 5s d 1990
.\ V Dock 50-yr Ist g 4s.. I9.-,1
St Joseph Stk Y'ds 1st 4 %s. 1930
St L Ter Cupples Stat'n &> Prop
Co lstg4%s 5-20 year.. 1917
.S Yuba Wat Co con g 6s.. 1 !'23
S). Val Wat Works 1st 6s 1906
U S Red & Kef Lst 8 1 g 6.°. 1931

Due Apr

Sale

Mar'03
Mar'Ol
82

41

75" "95%

Feb'02

90% 90% Aug'03

89% 96

J-D
104

J-J

M-S

101%.

Due J'ue /iDue J'ly fcDuo Aug p Due

J'Iy'03

n3%J'ly'00
79
.Vov

79

104

79"

104
"85'

^Dae Dec sOptionsale

August

——
—

—

.

'

.

THE OHRONICLK.

15, 1903.]

Gas

Volume

of Business at

Stock Exchanges

stocks

iyv3

Railroad

I'ar value

Shares

Bonds

$1,000
2,000

riiday

2.975.000
4.254.000
3,691,000

Total

4,590.2921*420,861,250

$16,865,800

$3,000

Tuesday
Weiliiosday..
Thursilay

!?13,000

4,5;t0.292|

BONDS
aoveriimeut bouds
State bouds
BK. autl mis. bouda

$16,881,800

Total bond.s.

$13,000
3.000
16,805.800

Januari,

1

to

August 14

VnListed
shares

11.09L000

9.815
17,080
11.747
16,S12
22,732
31.216

$11,101,500

$433,244,650

l,3S0.4i)0

107,432

67,473

Monday
Tuesday

Wednesday .
Thursday
Friday
Total

8
50

.100

Electric Boat

110
137
^j

731.J

12

54
90

94

OO"-.

21,

90

98
95
35
104
145
112
75
47
115
85

82
InO
100
40
106
li;5

20
85
53
122
90

of

LisUd

Bond

shares

stiares

sales

50
100
1 00
Electro.Pnoum'iu Trail 10
Empire Steel
100
Preferred
lOO
Fuel Oil Power
loo

37,050
14,500
43,000
114.000
78,500

10,240
23,932
18,667
31,516
61,968
28,866

4.002
4,968
4,S93
10,750
10,404
13,717

$64,000
84.S00
47,000
95,600
36,300
4y,900

$293,050

175,189

46,734

$377,200

NEW VOKK

/;i(j

BleeckSt&i'ulFstklOO
lstniorl4s 1950 ..J-J
J.5 7th Avestk ..100
111st mort 5s 1904 ..J-D
1 2d mort 5s 1914 ...J-J
Con 5s 1943 -See Stock
B'way Surl 1st 5s gu 1924
2d OS iut as rental 1905
lICentT Crossl'u stk..lOO
6s 1922 ...M-N
lllst
1

lIB'y

,

M

'HCenPkNcfcEKstk.lOO
10th St stk 100
Col<fc9thAve 5s See Stock

'flChr't'r.fc

Drv D E B

€&

B—

iflst gold 5s 1932. ..J-1)
TiScrii) 5s 1914....F-A
'HEighth Avenue St.. .100
TJScrii) 68 1914 ....F-A

'1T42d<fc<irStF'ystk..lO0

fl42dSt

M

Ask

CITY

& StN AvlOO

Jlstmort 6s 1910 .M-S
Tt2d income 6s 1915 J-J
Ijex Av & Pav F 5s iee St
Metropol Securities .See
Metropol Street Ry See
Nluth Avenue stock. 100
Second Avenue stocklOO
^ilst mort 6s 1909 M-IC
C0US0I53 1948.... F-A
USixth Avenue stock 100
Bou Boulev 6s 1945. .J-J
80 Fer Ist 5s 1919. ..A-O
Third Avenue See Stock
P <& M 5s 192S
Tarry

W
Vkers.StRR5sl946A-0

28th .fe 29lh Sts 1st 53 '96
TITwenty-Th'd St stk 100
J-J
Deb 5s 1906
Union Ky 1st 5s 1942 F-A

34

mO
402
102
115

410
103
116

108% 109

BKOOKLYX

Ave

53 1909. .A-O 5102

104

A-O llo
Con 5s s 1931
Impt 53 See Stock Exc h list

BB& WE

5s 1933. .A-O
Brooklyn City .stock. ..10
Con 5» See Stock Exch
Bklu Crosstu 5s 1908. J-J
Bkn lists 1st 5s 1941 A-O
BkiuyCoctSub See Stk
Bklyn Kap Tran See Stk

Refg4s2002

lOl

237

102
240

list

103
105

Exch
Exch

107
list
list

80
385 410
95
100
N
113 115
GrSt<feNewlst5s'06F-A 102
Gr'pt &Loriuier St 1st 6s 105
KiiJSs Co. Elevated
let 4s 1949 See Stock Exch list
'Kassau Elec pref
100
SSH: 84
68 1944
A-O 110
I»t48l951
See St k Exc h list
K Wb'g&Flatl8tex4'2S 103 104
J-J

TlConey Is. & Bklyn ..100
Ist cons g 48 1948.. J-J
Brk C <fc
5s 1939.J-J

•SUiiiiway 1st 6s 1922.J-J

i

ni6

118

ni2
no4
165

114
107
170

Exch

.ist

OTHEHCrriBS
Buffalo Street Ry—
l8t consol 5s 1931.. F-A
Deb 6s 1917
A.O
Chicago City Ry stk. 100
"Chic L'uionTracSeeSt'ck
Cleveland City Ky
loo
Cleveland Electr Ry.lOO
Columbus (O) StRy..lOO

90

mo
74

91
Preferred
100 103 105
Colum Ry con 5s See Ph ila list
Cro8St'\vnlst53'33.J-Dl?108
1091.2

g^etroit
i

Bid

Ask

46

52

100
100

U nited Ry.veeStkl Exch

list

Bnjrer pays accrued interest.

11

10

48

Chemical ..100
II Preferred
100
Gold Hill Copper
1
Gorliam Mtg Co com. 100
Preferred
100
Greene Consol Cop]>er. 10

62
97

70
100

h
128
12s
1934

191..

115
7

125

8
90
29
40
28
45

100
Hall Signal Co
Havana Commercial. 100 "22"
100
Co.. 100
100
Preferred
Hecker-Joncs-Jew'l Mill
M-S
l.st 6s 19'22

30
24
35

Herrins-Hall-MarviulOO
lOO
1st preferred
100
2d preferred

1

Preferred

Havana Tobacco

100
3
40
8

30
4
Hobokeu Landifc ImplOt) 200
M-N 4103
115s 1910
100
4
Houston Oil
30
Preferred
100
100
Hudson Realty

Electric I'onipauies
International Silver. 100
Preferred
100
Chicago Edison Co... 100 135 147
J-D
Ist 6s 1948
Edison El 111 Brk 4s N Y Stock E.'cch
S3I4
John li Stetson com.. 100
llGen El deb g 31^3 42 F-A
Preferred
100
Hartford (Ct) Elec Lt 100 225
KitchenerGold Min'glOO
IIKingsCoElUfePColOO
175
Narragan (Prov) El Co 50 ioi" "45' Lack .Steel 5s See Stock
Lauston Monotype
20
N Y & Q El L&PowColOO 35
65
Lawyers Mort liisur.KX
Preferred
100
75
130
Lawyers' Title Ins. ..100
RhoIslElecProtecColOO
15
LightFuel&P of \'V^alOO
16
United Electrioof N JlOO
IILorillard (P)pr6f ...100
J-D i 64I3 66
4s 1929
Madison Sq Garden.. 100
Ferry Companies
M-N
2d Os 1919
Manhattan Transit
20
8
6
Brooklyn Ferrj' stocklOO
B& NY Ist 6s 1911. J-J 107 109 Mex Nat Construe. pflOO
Mouougahela It Coal. .50
Con 58 1948 See Stock Exch list
Preferred
50
N Y <fe E R Ferry stk. 100 SO 85
Mosler Safe Co
100
93
M-N i 89
Ist 5s 1922
100
N Y & Hob con 58'46.J-1) 102 103 National Carbon
Preferred
100
Hob Py 1st 5s 1946 M-N no5 109
104
N Y & N J 1st 5s 1946.J-J
IJNat Euaiu & Stamp 100
100
50
60
llPrelerred
10th & 23d Sts Ferry 100
National Surety
100
98 104
Ist mort 53 1919. ..J-D
NewBruusCannelCoal 10
35
36
IJUniou Ferry stock .100
20
M-N 93 95 HNew Central Coal
Hist 58 1920
Now Eng Consol Ice. 100

Ilailroad
5
9
Chic Peo & St L pref.lOO
108
Prior lien g 4 i2S'30M&S 4100
93
Con mtg g 5s 1930.J&J
98
22
20
Income 5s 1930
Exch list
Ch B I & Pac 5s See Stk
84
85
Erie couv4sAprl'53A<feO
24
25
llNat RR ol Mex 2d pf (wi)
89-\ S934
Northern Securities.. 100
30
33
Pitts Bess&LE
50
71
Preferred
70
50
30
Va c& South-western. .100 20

7

9

9S1..

4
163.1

1|New York Dock
IJPreferred

N

\'

33

I4

Exch
t

Nor Am Lum'r & PulplOO

S

100
205
33
115
10

9
170
331a

36"

2',.

t

2i>8

4
t

6

10 H,
37
22
91
23
SO

37»t
I0212
231a

92
25
89

90
47

4
50
5

112
115
120 130
15
20
44 14 50
t

5

5

.^.3,
."4

159

4
100
UOutario Silver
33I2
Otis Elevator com
100
89
Prelerred
100
Pittsburg Brewing
50 t 2934
Preferred
50 t 45
277j
100
Pittsburg Coal
Industrial and niiscel
83
100
Preferred
100 130
Pitts Plate Glass
Alliance Realty
103
100
96
1312 Pratt cS; Whitn pref..lOy
HAUis-Clialmers
100
121.J
Procter cS; Gamble
100 350
80
llPrelerred
100
100 lys
Preferred
Bank Note Co. 60 t 50
54
IfAmer
4 ''a
105
51* Realty Assoc (Bklyn)10(
American Can com.. .100
97
381,
Royal BakPowdpret.lOO
Preferred
39
100
f
61
Russell & Erwin
25
American Chicle Co..l()0 108 114
Safety Car Heat& LtlOO 160
Preferred
92
85
100
Is
Seminole Mining
5 t
American Elevated
h
Amer Grai)hophone...lO t 312 5 .Simmons Hardw com 100
118
Preferred
100
Preferred
8
714
10 t
2d preferred
100
Amer Press Assoc'n.lOO 85
95
28
Simpson Crawlord Co 100
Amer Shipbtulding. 100 35
39
NEW YORK
Preferred
90
Deb s t Os '24 op '05. .J-J 75
98
100
Cent Union Gas Ist 5s.. U03 107
Singer Mfg Co
100 330
2
Am Soda Foun com. .100
4
4
Con Gas (N Y) stk. See St k Exc h list
Standard Milling Co. 100
70
1st preferred
80
100
17
EQuitGascon5sl932 See Stk E list
Preferred
19
100
2d preferred
15
100
65
HMutual Gas
100 250 290
American Surety
5s
170
50 100
New Amsterdam Gas
98
Standard OU of N J..100 607
Am Strawboard 68. ..F-A ?
1st consol 5s 1948.. J-J 4102
106
Amer Tobacco com... 50 225 275 Standard CouplercomlOO 30
NY G EL H&P See Stock Exch list
Preferred
100 125
134
100 133
11 Preferred
Is
50
N Y & East River Gas—
Am Typefo'rs com... 100 30 35 .Storage Power
J-J no9
112
1st 5s 1944
Preferred
90
95
Swift & Co See Boston St k Exc
100
21-2
Consol 53 1945
108
J-J 4105
1st 5s 1910-1914.. ..J-J 41001.2
.imer Writing Paper. 100
3
100
Tennessee Copper
Nor Un 1st 5s 1927-M-N 4
Preferred
25 t 28
12
14
loO
90
UStandard Gas com ..100 130 140
5s 1919
09
70
IJTexas & Pacific Coal 100
J.J
liPrefened
100 150 160
17
1st Os 1908
A-O 4105
HBarney & Sm Car ... 100
25
1st 6s 1930
M-N nio 113
Title Guar & Tr (new)lOO 425
100 122 130
11 Preferred
Title Ins Co of N Y..100
Bliss Company com
160
50 140
OTHER CITIES
13
Preferred
Trenton Potteries com 1 00
100
50 140
SO
Amer Light .fc Tract. 100 50
00
Bond<fe Mtg Guar
Prelerred new
100
100 275 300
85
70
Preferred
100
90
Borden's Cond Milk. .100 110 115
Tro-w Directory new. 1 00
Bait list
1
10
Baltimore ConsoUdat Se
Prelerred
Union Copper
loo 100 105
I16
85
Is
Signal 50
Bay State Gas
Union Switch <fc
50
Camden Land
3 t
94
97
50
Binghamton Gas 5s 193S
Celluloid Co
Preferred
110
100 112
4
5
Bultalo City Gas stocklOO
Cent Fireworks com. 100
Union Typewr com.. 100 104
20
23
100 110
Prefen-ed
Istpreferred
1st 5s 1947 See Stock Exch list
60
..100
04
Excli list
21-2
100 110
CldcagoGas See
stk
2d preferred
Central Foundry
100
1%
1
100
94 Si H5
Cincinnati Gas i EleclOO
Prelerred
13
U S Cotton Duck
100
9
Envelope com. ..100
94
Col GasL<fe HeatcomlOO
Deb 6s 1919 op 'OlM-N 53
57
100
97
Preferred
99
Century Realty
100
100 100 115
li Preferred
5I2
10 t
17
Consol Gas (N J) stk. loo
Oliesebrough -Mfg Co 100 440 400
U S Lit-'ht & Heat
90
IJUSRed&RefinLng.lOO
87
1st 5s 1936
J-J
(;hicPneiun;iticTool.]0(!
50
55
100
11Clallin(H B) 1st pre! lOo
liPreterred
Consum Gas (J City)
90 100
M-N jlOO
1st 63 1904
90 100
1|U S Shipbuilding. ..100
1i2d preferred
100
100
UPreferred
35
40
TIDetroit City Gas
50
liConimon
100
85
97
8;l
Bonds See Stock Exc hlist
Essex & Hudson Gas 100
Cul& HockCoal&IptlOO 60
b.)
65
Fort Wayne Os 1925.. J -J
62
1st g 5s 1917
US Sliver Corp 6s.
66
80
J.J
84
Coiniircssed Air Co... 100
1 ifi U S Steel Corji new 5s See Stk'E
ITGas cfc El Bergen Co 100
Coltr5sSerB<&D1951 lO';
C<)nsoli<l Car Heating 100
Grand Rapids Gas
70
60
1^
Universal Tobacco. ..100
F-A noo 103
HCons Firew'ks com .100
25
35
lllst 5s 1915
2
100
Preferred
Hartford (Ct) Gas L-..25
49
55
65
1 00
11 Preferred
& BronxT&M Gu 160
ConsKy Ltg&Refrig.lOO
Hudson Co Gas
60
314 West
100
5S
3
Consol Rubber Tire. .100
5s g 1949
See Stock Exch list
ml Westmgh Air Brake. .50 1143
9
Debenture 4s
912 White Knob Mining. 100
Indiana Nat & 111 Gas—
58
Cons Storage BatterylOo
10 Worthinj; Pump pref.lOO 112
Ist 08 190S
M-N 53
a Ex rights.
1 Price per share.
1| Sells on Stock Exchange, but not a very active security.
t Sale price.
. .

la

list

60

100
100

Transportation. ..20
100

41a
17I9

89
170
170

160
160

1

Nichol.son File Co

35
120
9912
145

97 H 100
8
11
39
41
8

N Y Biscuit Os 1911. M-S
N Y Mtge & Security 00
.

106
7

135

Istg5sl951

Preferred
90
Indianapolis St Ry See PhUa li.st
99 100
IS
J C Hob & Paterson..lOO
17
245 247
4sgNovl 1949. ..M-N 731.2 741-2
loO 1001.2
1021-2 105
Lake St (Chic) El stk. 100
6
6->i
1st 5s 1928
J-J HOI 1.2 1021.,
Kxch list
117
IJLouisv St5sl930..J<feJ ni4
*106 110
i 98^2 L00>2 Lynn<fe Bos Ist 5s '24. J-D nioHi US
Minneap St Ry 5s See Stk Exch bst
265 266
lOia 12
New on RysCo
100
122
il21
30
40
Preferred
100
205 210
4128 1952
J-J 5 811-2 S3
188
181
North Chic Str stock. 100 101 1011.)
Eich list
1st 53 1909
J-J i
North Jersey St stocklOO
18
19
114 116
M-N 74 75
4s 1948
103 103 "^
Pat Ry con Os 1931.. J-D 5124 12810
405 410
2d 6s 1914
A-O noo
109
105
741.2 7t;
Rochester Ry
100
410 415
95
Preferred
100
99
75
70
Con 5s 1930 See PhUa list
109
108
2d OS 1933
J-D no4 106
100
96
97
k Exc list
So Side El (Chic) stk. 100
98
Stk E X list Syracuse Rap Tr 5s 1946 §100 102
191.?
IS
Stk E X list Unit Rys (St L Trans) 100
Preferred
100
66
190 205
Gen 4s 1934
Stk Exch list
213 215
See
H04 105 UnitRysSanFrau SeeStk Exch list
ni3 114 Wash Ky & El Co.. ..100
Sh
Preferred
37
40
100
175
ISO
J-D
71
111
4s 1951
73
HWestCliicaeoSt
100
57
'a05 108
Exch Ust
UCong 5s 1936. ...M-N i 80
85
107
108
108 109
Gas Securities
112
33

Weatcheat Isl 53 '43 J-J
Atlan

Street KaiUrays

Grand Rapids Ry

134
lia

61-2

t

Outside Market will be found on a preceding page.

KaiUvays

sstrcct

II4

Preferred

lilectric Vehicle
Pri> ferred

RT

N

Unlisted

Outside Securities
Weekly Seview

13
40

Hackon.sack .Meadows 100
5

77

3218
16
17

5

lOo
100

)

A

132

llGoiieral

40

28

711.2

Electric Leail Reduc'n.50

91
87
t

Preferred

65

102»i

«

10

Oij

Dominion Securities. loi'

t

4

100
1

A tie
275

100
20

i^
2
.MarcoiiiWirele88Teleg.5
IINorthwestornTeleg. 50 120 125
fntcrboro
(full paid)
150
J Telepho .100 145
IIN Y'ifc
58 1920 See Slock Ex chang e list I nternat'lHankingColOO
SO
lut'n'l Merc JMariue.lOO
70
Pacific <fe Atlantic
25
100
Preferred
lis
Providence Telephone. 50
103
Col tr deb 4 'iil922op'07
liSoutliern <fe Atlantic 25 100
100
International Salt
5
Tel Tel & Cable of Am. 15

J'MladelpMa

.'K6,000

72

i

HDiamond Match Co. U'O

list

1

$574,977,300

.%540
11.400
5,S31
10,502
12,13)
22,065

Saturday

00

'

573,020,100

sales

1

"l-^nierTelegcfc Cable 100
Kell Tolopli of Bullalo 00
;"entral <& So Aiuer .100
dies <fc PotoTeleplL.lOO
J-J
08 1909-29
"i-Conimorcial Cable ..100
Commer Un Tel (N y).25
Eiiii) & Bay State Tel 100
100
Franklin
100
IJGold <fc Stock
1141.28, 1905
Hudson River Teleph 100

EXCHANGES

Listed
share'

111

.

Exch

Am Do For't Wirelessl 00

$576, St/0

$9,174,250
301.600
423,708.800

Bond

97

Telciir iV Telei>ii«iie

2,824,401

Boston

20

liCnicibU' steel
llPrelerred

Hid
225

(jilggeiiheiiii Kxiuorati'ii

1902

DAILY TKANSACTIONS AT THE BOSTON AND PHILADELPHIA
Weekendinn
August 14
iyo3

-

J-1)
1st 63 1926
50
Providenoe Gas
St JosepliGasSs 1937. .1 -J
StPaulGas Gen 58'44M-S
Svracuse Gas 5s 1946. J-.I
United Gas ifc Elec(wi)10
U lilted GasJiElec.N J 100
100
Preferred

$13,000

1903

$10,500

Gas.

i;o&IndCNat.fc

109,703,275
105,221,5291
*420,S61.250 $270,542,600 $9,839,468, 6OO|$10,378,O5'.),H7.-,
Par value
$432,5501
$400,700
$1,000
$10,200
Bauk shares, yur..

Stocks— N o. shares

Wab V 1 St ()S'25. J

58 1948 See Stock

2.0it,^.5l)0

1902

1903

Exchange

.oiiit

N ewark Consol

2,588,><00

Week ending August 14

Sales at
Hew York Stock

Cramps' sii^tKii lUdglOO
i'o'.i"

51

I

$1,348,500

7oS,270!

Consol Tobacco
100
Continental Tobac deb 7s

107

60

1)

IndiiHtrinl iinti niisrel

70

.Madison Gas Os 1926.A-0 5106
Newark Gas t>3 1944. Q-J 5135

*43,069,600
71.690,250
521.6li3|
48,254,300
77'.l.-'12
71,3>S.200
96.3'.I6,400
1,110,764
90,062,500
973,052
444,301

Saturday
Mondiiy

Ask

Sid

Lafav'eGaslst 6s'24.M-N

D S
Bonds

State

<tc

Bonds

Securities

55
Indianapolis Gas stock 50
M.N 104
1st Os 1920
50
81
.lacksou Gas Co
A-O }100
5s g 1937
100
17
Kansas City Gas
' 5s 1922
A-O i 94
100
iJLaclede Gas
100
85
11 Preferred

TKANSACTIO^•S AT THK ^ EW YOKK STOCK EXCHAKGK
DAILY, WEEKLY AND YEAKLY
Week ending
August 14

341

35
92

100

360
2001a
110
99
03
170
1
1261a

129
126
35
86

360
4Vi

20
72
015
37
136

%

li'ge

102

29
98
1071a

152
16

90

.

1^

1

>i

NY

US

—

'.

i

11

105
108
115
115
2

20
70

6I2

89
X

llflt

lia
5

170
934

120

"

BOSTON STOCK EXOHANGE-Stock
Share Prices—Not Per Centum Prices
Mondat/
August 10

Sdtnriiau

August S
5434

*24o
1S5

56

54\4

135

••2S0

10«
176
295

1*^5

•172

195
106
2S3
i;u
45

•

»275
•133
•40

•

"275
•133
•40

14

193

245
137

235

230
107
•172
295
140
118

30

29S

*

,195
.

16'j

'275

283
134
45

276
134
•40

SSTg

56»4 5514
•87^8 SSI4

1651a 166

•J

134
• 40

245 la 247 247
137
137 137
235 •230 235
167>a 107 107
170 •172 170
295 295 300
140
14034 14034
lis
118 118
195
195
Last ^ale
166
Last Sale
283
134
133 135
Last ^iale
45

80

19S

70
32

167 la 167

168
226
198
74
32

'

72
31
31
•15
20
78
-95" 100

•16

78
•95 100
66«4 70
•8438

•170
88
110

2134

88
110

iVo'i-i

.117'9

69

212

9

210

103
25
29

'

'

3

-2

•17

95

'8

•95

7414

854
"8*94

110

68

68

'.

••80

•12>a 13
82
82

74

5^2

5

11

ST"^ 39

•8
•16

9
17

'.J

25
123

210

9

'

103
25
•28'
29
•2
3

103

.

96
44

28

27

20^ 21

•28
•2

9712

25

•80

83

5U

514

•4^4
3734
1

39 's

•8
•16

•134
••25
8I4
8>2
1'8

430

••08

-10

15
9
•7'a

15

1"82 1"82
•12
15
40 Hi 4114
39
39
82 lu
81
112 112
3

3

9
••87

>a

•434

1

5

•1

I'll

•6»4

5

19

116
118
131

1174
1184

I3OI4 13134
•8 4
6'J _
69

-0
235

•75
•87 la

•11

2134

I63I4
3378

•6

50
18
•i'l

•90

98

68 "a

69^6

•70

•80

•IHi
•1
•HI4

•121a 13
801a 80

123

124

96
46
28

96
46
28

46
28

25

420

•08

141a

13
81

8

l"aa
•i'-i

lia

15

38

8212 84

110
2^4

•80

78
4^8

110
234
S-a

•31a
1

1

6 '4

••1

4

6^4

6^4

63 la 63 "a
'1»8

'•J

1^1

3

425

1

•9
•78

79
434

17
934

35 '4
4
••02

"a

1

84
22=8

'4

35>4

4
•87

"a

Lowest

Lowest

Jiighest

Kailrondii
Top & 8auta FelOO 7,50S 54I4 AuglO
100
99 85 AuglO
prel
Boston & Albany
100
80 244 j'nel9
100
30 134 Aug 5
Boston Elevatetl
100
26 230 Aug
Boston* Lowell
237 161 J'ue
Boston <fc Maine
100
1 170
Do pref
100
J'ne 6
70 290 J'ly 17
Boston & Providence 100
35 134 J'lyl4
Ohio Juno Ky & U S YlOO
14^ 115 J'ly 1
Do pref
100
12 190 J'ly 8
Con& Mont Class 4.. 100
Conn & Pass Riv pref 100
160 Jan 5
270 Aug 7
Connecticut River... 100
161 131 J'ly2U
100
FitchDm-fr pref
42 Mar 9
Houston El'tric corn. 100
173 4Mayl5
Maine Central
100
Mass Electric Cos
100 2,067 19 J'ly 27
554 78 J'ly 30
Do pref
100
150 11 78 J'ly 27
Mexican Central
100
100 tl88 4May21
-V Y N H ifc Hart.. -.100
6 105 May 15
100
Northern N H
Norwich & Wot pref 100 """13 229 J'nel3
190 Aug !?
Old Colony
100
74 J'ly 2
Pore Marquette
100
281 70 Augll
Do pref
100
130 30 J'ly 15
Butlanil pref
100
7 J'ly 8
.Savannah Eleo com. .100
75 Jan
Seattle Electric
100
6 94 J'ly
Do pref
100
Union Paciho
100 5,108 0634 Aug 8
42 S334 AuglU
Do pref
100
o 170 J'ue22
100
Vermont cfe Mass
159 87 4 Aug
50
West Eml St
28 109 J'ne22
Do pref
50
1634 J'ly 23
Wisconsin Central... 100
38 4 J'ly 23
100
Do pref
150 Jan 14
Wore Nasi! & Roch..lOO

Do

425

50

9'-2

85

SO
434

1738

10

24%
4^8
6^4

63
II4

Amer Agiicui Cliem.lOO
Do pref
100
Amer Pneii Serv
50
Do pref
50

150 13
370 72
100
4

Jan 10
10314 Jan 10
4

••50

94
23

4-i5

AUouez
25 1,595
Amalgamated CopperlOO 27,781 36

25

Amer Gold Dredging
Aug'03 Am Zinc Lead & Sm.
Aug'03 Anacon«la
2'. Arcadian
Arnold

5

25
25
25
25

25
94 Atlantic
24 Bingham Con Min& S 50
Aug'03 Bonanza (Dev Co)... 10
J'ly'03 British

440

430

520

Adventure Con

Colum

Calumet

<fe

(Ltd)

Hecla

25

605 •50
6

3734

96

Feb 10 172
Feb IS 33
Jan 7 92

May 11

91
85
71
25

•Sia

90
•lia

•1
913

80
•79
434

1738
10

24
•334
6^8

63
'lifl

334
1
63,

834
•334
1

74
64

834
1

5
11^4

14

7

7

7

30

•024

as 4

364 38
-34

•75

•75

834

834

4
•'87

4

74
64
•64
3B

•34

•(!>

'

'1'"

1

124
514

I8I2
4'-..

"34

90
2

m,
9^8

80
82
6
17 "a

10
24 >4

•85

•14
1'4

94
•81
•79

54

1838
4

90
11,

9

'•2

85

80
5I4

7

40

1'4

10
92

80

54

80

64

18
1014

25 4 20

7

74

74

63
II4

II4

10
90

Last Sale 40
Last Sale 3J

24 4
334

63

II4

10
82

17^8 l'-8
loie 10',

414

63
II4

25
25
25
25

Michigan
Moliawk t

Mav'03 National
1'4 Olil Colony
14 ••874
124 124 10
I214 Old Dominion (Cop)..
53
51
574 Osceola
54
19
19 4
1934
20 4 Parrott(Silv<t Copp)
4
4
418 PhtBUix Conaol t
4
90
88
95 Quiucy
90
Aug'0:i
II4

10 "s
111
J'ly '03

J'iy'03

81

54

81
53^

334

8

674
•114

J8=b
1034

4
8
67 4

14

Aug'O.i
1958
184

25
25
25
25
10
25
25
25
Kho<te Island
Santa Fe(Goldc& Cop) 10
Shannon
10
Tamarack
25
Tecumseh
25
Tennessee
25
Trimonntain
25
25
Trinity
100
United Copper
UnitedSlates -Mining 25
Unit States Coal cfeOil 25

11

11'.

26
4
8

274 Utah Con

67

674 Wolverine
14 Wyandot

II4

4

{Gold)tr re

485
25
25
25
25

Victoria

«4 Winona

6Belorepay'tofa8«e»8'U)caUedlnl903. d Before pay't of assess'ls called in 1902. Bidanda.sked.

265
550
1,520

Montana Coal<£; Coke 25
Montreal* Boston.. 5

Last Sale 254
24',
334

Guanajuato Consol

54 Mass Consol
14 Mayllower

••9334

Last Sale 24

2

Granby

25

Consolidatetl. 10

7 4 Isle Koyale (Copper). 25

874

1

1134
51
1838

1'4

Franklin

;|

417
220
110
30
3,451
50

7

Mar

•80

3,156
1,004
1,90 J

750
245
"7'8'6

2,170

937
175
1,931
8i79l',

2,007
7,066
l,3t)5

1,200
411

30O

New stock.

31

J'ly

90 May
110 Mai
113 Aug
94 4 Aug
178 J'ly
99 Hat
117 J'ne
3478 J'ly

55 4 Sep
152 4 May

155
12
73
334

Mar
Dec
Apr

May

18538 Apr

17i4Jaa
Jan

8O34

44Maj

122 4 Apr 13034 Apt
25 Jan 7978 Aug
7

Nov

958

Mai
May

244

Jan 285

117134

Oct 33234 Apr

36I4N0V

4134

Nov

Nov 8714001
Jan 190 Sep
178 Dec
338 Apr

82
170

87
135
21
216

Nov 93 4 J'ne
Jan 151 Apr

4 Mar M24Apr
Dec 334 Apr
Feb 100 4 Apr
864Jan 1154Apr

4

•72

22
91

Feb2»
Feb 2

Jan 117

Apr

Jan 29

89

18

Jan

75=8

Marl

12 4 Dec d 244 Apr
434 Mai
2 Aug
53 4 Nov 78^8 Feb
14 Nov 334 Apr
6 Dec i04J'iy
21 Nov 35 Jan
34 Jan I314 Mar
•37 4 Dec
Jau
1
Dec
9 Deo
204Jau 3934 Apr

2
9

84 Mar
II4

Feb 10

l'234Mar21
31 14 Feb 25

64 Feb

9

Marl!)

•95

144FeblO
394 Feb 10

Maris •40 J'ly 11 20 Mar
Feb
104 Mar
5 4 Sep
551 Marl 2 420 Dec 650 Feb
•10 Feb 11
10 Apr •12 Jaa
3178FeblO 11 Jan 28 Mai
6I4 Dec
834 May
94J'ly
•35
2 Jau
Feb 19 25 Apr
•90

8

1-^32

16
75

Jan 2
Mar24
Febl3

484 May

7

ISgJan
Oct

15

4334
I8I4

Mar
Mar

2i4J'ly
1934 J'ly
65i4 0ct
56 J'ly

Jan 146 4 Sep
Dec 119 Jau
14 Jan 54 Mar
1534 Feb
7 4 Dec

131 7g Jan 10 54
118 4 Feb 6 113

24
1

Augll

Marl7
Feb 9

5

14

5 4 Apr 23
3 Jan 12

174 Feb

24Jau23

4 Feb

58

6

Mayl4

J'nelO
<)
J'ly 27
43 4 J'ly 24
IG J'ly 24

AuglO

9

Feb 6

18
11

3 12

45 78 Apr,
99 J'na
31 Mat
254 Apr
175 Jan
238 Apr
217 Apr
85 14 Sep.
91 J'ly
125 14 Apr

19 Dec 32 4 J'ly
764 Dec 91 J'ly
934 May
4 Jan

Jan 12

28
102
108
110

9
2

Aug

May

1784J'ly

Dec 41 4 Sep
Jan 250 J'ly
6 Jan 104 Oct
100 Jan 177 J'ly
26 Oct 27 Jaa
28 Jan 30 Oct
li4Aug
2 4 Mai
854 Jan 117 Sep
46 Jan 57I4 May
29 Jan 334 Apr
IH4 Jan 15i4Sep
954 May 6 8014 Jan 914 Sep
18 4 Feb IG 13 4 Jan 19*8 Oct
57 4Jau 9 49 Jan 624 Max
39^8 Feb 5 29 4 Dec 4034 Jan
89 =8 Jan 7 794 Dec 974 Jan

31 J'ly24
aijlAug 6

•70
•75
"2"6'o •50

2

'J

578 J'ly 24

200

Mar

la Feb IS
14'8Feb24
79i4Jan22
534 J an 22
127 Jan
62i4Jan 2
834 Jan 23
310 Feb 17
204 Feb 16
4834 Feb 20
88 's Feb 17
190 Feb
2 4 Jan 2
86 Jan 2
139 Jan
20 Jan 6
237 Jan 9
10 Feb 13
132 Jan
2634 Jan 15
2934 Jan 5
5
Apr21
111 Jan 10
53 Jan 2
31 4 Feb 5
15 4 Feb 11

5i4J'iyl5
3 J'ly 24
1

Feb 11
Feb 14

169

J'ly 23

334 J'ly
J'ly
1

Sep

24 Mar 4 21 J'ne 3734 May
134i4Jan 8 112^8 Nov 135 4 Mat
122 4 Feb 1« 115 Jan 123 Sep

2,545

.,

9

26
86I4
7

15'8-T''y24

li2J'ly24
50 •25 Apr y
8 J'ly 20
990
650 2014 J'iyi^4
50 J'ly 15
4 J'ly 24
135 400 J'ly 24
08 Feb 10
3,968 12 J'ly 24
6I4 Jau31
110
25 J'nelS

08

Jan 9 794Mav
Jan 20 6478 l>e';
Jan 12 25 Nov
8434 Jan 10
58 Jan
1044 Jan 6 103 Oct
9358 Dec
1044 Jan
95 Jan 2
8658 Mar
178 Feb 25 172 Jan
97 Feb 10 924 Oct
116 Febl4 1114Dec
2638 Jan 15 19 4 Jan
52 Jan 15 3938 Jan
150 Jan 14 145 Nov

J'iy24

Feb
Jan

964 Sep

954 Mar 106
250 4 Dec 266

Jan
Dec
Jan
2S«8 Apr 2
224 Dec
225 Jan 7 210 Jan
1734 Mar 3 170 Jan
232 Marll 230 Jan
2124 Feb 13 206 Dec
180

334 J'ly 17
3 14 Jan 3

534

7433 Jan

2--'

Aug

US

Highest

May
154 Jan 5 1494 Dec 1734 Mat
250 Apr 8 230 J'nei 248 Apr
195 Jan 5 1904 Nov 209 Apr
177 Apr
171 Oct 183 Apr
305 Marl3 2974J'ne 307 Mat
157 Jan 6 150 Sep 172 Mat
125 Jan 2 123 Nov 136 Mat
1964 Marl'4 196 Nov 202 Jan.
170 Mar 19 160 J'ne 166 4 Feb
286 Febl9 280 Oct 295 Feb
1434 Feb 10 141 Dec 148 Mat
42 Mar
47 J'ly 60 J'na
262 4 Feb

J'ly 27

J'ne2D
00 15 Jan -J
108^8 AuglU
AmerSui^arReliu
100 11,929
716 110 Augll
Do pref
100
Amer Telep & Teleg.lOO 13,710 127 Auglu
8I4 AuglO
240
Amer Woolen
100
Do pref
100 1,495 684Augl
3 4J'Jy
Boston Land
10
117 Aug
Cumberl Telep <fe Tel 100
8 Aug
Dominion Iron cfe St
1,360
6 J'ly 13
100
East Boston Land
145 225 J'ly 2"!
Edison Elec Ilium. ..100
General Electric
100 1,07-. 1494AuglO
Mass'chusettsttasCoslOO 5,«54 30 J'ly 24
Do pref
100 1,521 74i4J'iy2-i
10 164^4 AuglO
Mergentiialer Lino.. 100
114 Aug
Mexican Telephone.. 10
2434
N E Cotton Yarn pref 100 271 1-23 J'ly 10
J'ly 2"
69
N E Telephone
100
9 Apr 24
Plant Comp new com. 100
429 197 J'ly 16
Pullman Co....
100
9 Mar2
Beeoe Button-Hole.. 10
'391 99 J'ly 27
SwLft & Co
100
25 J'nell
Torrington Class A.. 25
28 J'ly 8
.
Do pref
25
134 Jan 12
Union Cop L'd & Mg. 25
3,090 91 Auglo
United Fruit
100
407 44 J'nell
United Shoe Mach... 25
313 27 Augll
Do pref
25
7=6 J'ly 22
Leather
100
784-^iig 5
Do pref
100
ySgAug )
U S Rubber
100
33 J'ly 27
Do pref
100
•20 'a Aug
100 6,360
U S Steel Corp
Do pref
100 2,633 07 4-A.uglO
•50
Jan 14
West End Land
25
West Telep & Teleg.lOO "4"4"i 1134 J'ly 2»
J'ly 27
234 80
Do pref
100
J'ly 21
ti5
Westing El & Mfg.. . 50
8314-^iig "
Do pref
50

6
4976

Last Sale 75

50

2
1

We2

94
23

"64
•34.

18

90

9

Last Sale 50
Last Sale 4

6
r

18

•334
61a
II4

2

•50

44'^

74
54
14

63*

5 '4

49'-j

2313

63

1
•61a

334

11^4

1

334

-II3

8I4

•1
1138

90

X

4

84
22 14

••874

eia
514
112

1
614
•434

1

•6
6>4

2

••25

-65

*8l4

95

16^8 17 '4
9'8 10
23^1 24 '4

Week
SiMres

Last Sale OS
May'03 Catalpa (Silver)
10
16^8
10
I6I4
25
174 Centennial
•74 9
Central UU
•74
9
25
Last Sale •25
J'ne'03 Cochiti Tr Co rects.. 10
lia
lia
14 1"32
14 14
11^32 Cons Mercur Gold...
5 1,880 13 gMaylS
•12
12 15 Last Sale 25 14 Apr 'OB Continental Zinc
IS Feb 10
15
25
414 42 14 42 4 45 4 454
51)4 Copper Range Con ColOO 19,210 37 J'ly 2 4
401a 414
39
39
39
39
39
39
472 364 Jan 20
39 Daly. West
20
39
»4
84
844 844
84
82 4 83
100 1,770 7'2 J'ue 2
87 Dominion Coal
10934 110
131 109 4 Auglo
Do pref
111
100
"3" 110 109 4 1094 109
-2 "a
-234
2 4 J an 5
3
3
3
165
'258
Elm River
12
3
8
4

17

4-B

84

•313

491a

78

14

9

2214

4

8I4

11

1'-^

14
Last Sale
Last Sale
174

425

821,

Aug'03
Aug'03

54
54

6
538
4434

••08
•10
••08
-10
•lO
1514 16
I514 151a
14'a
8I2
.713
a
84 84

391a 4034
a:38

•54
5

72
J'ly'03
15

lor Previout

Year (lyO'J)

itiininji;

42«^
"1

•55
•24

425

425

714
14
82

54
5I4

liSia
2
•50
-50

2

"2338

14
S3

4238

164

60

Aug'03
Aug'03

Last Sale 80

•1
•8

1

J'ly '03

Last Sale 85
Last Sale 83 14

54
5I4

9
17

425

23*8
71 14

7114

41

•513
6
5
6
3938 40=8

97

3534

23

13
82

82

1-,

•25

Last Sale 8
Last Sale 784
Last Sale

23

13

1

1
11

10
85

16158

236
163 4
34

25
4 124

91
46
28

70I4
•SO

•70

•8
•16

12
50 >-^
18
2

236

Last Sale 9
J'ne'03
212
2144 215
215
215
9
Last Sale 9
J'ly'03
103 4 lu3 103
1054 105 4
Last Sale 2514 Aug'03
25
Last Sale ^8
29
Aug'03
Last Sale •^4
3
J'ly '03

22

68 "(

9

•61a
3434 35
35>4
•Sia
4
••62 la •75
•75
1'4

1333.

834

238"

•Jo

45
•274 28

44
28

1

17

7

35 >4
•3

5

•17

116
118

•l'/3

95
44

2II4

67*3 68 'a
••70
-80
12 la 12 "a

'50

•420

•4I4

5^4

19

114
117

1014

2384

1564 158
314 33

2
2
••25
•50
S-ia
8-4
S-a
•21 la 221a *21'a 22 'a
22
22
••55
••40
•65
••45
•eo
60
4'^
3
•21a
21a 3
'31a
1'*

••25

75

69 4
69
69 4
•34
Last Sale 34
J'ly'03
1174 117 4 * "10" 117 4 "16" 1174
10 '4
9'*
9-4
10

1171-2

9

•44

•85
5»2
*4»4

J'ly'03
J'ly'03
J'ue'03

15

74

3534

21^

8934

111

17

19

68 4

210
.

45'-2

'

28

ao^B

894

100

15

•84

102
t

95

29

7234

85

J'ly'03

Feb'Oi
100
7434
76
85 4
85 4
170
170

100

74

111-8 113
117 117 4
12834 130

25
123

209

3

96

•28"

•95

*

•6

9

•28

4512

334

15

15

235

25
123

210

102

9

•28
•2
95

35

•170
89

•724 74
•4 4

•6

6

.127

103
25
29

•

73
33 4

73

Last Sale 26-34
Last Hale 384
Last Sale loO

69

"9"

•Jo

•102

Aug'03

7234

33 '4
3138 31-'8
33^=8
30'a 31^8
80
76
76'8
774 7314 79
76's 77
•107 175
"167 175
164^4 164^4 •165
•iYo" 175
"lia
•14
Last Sale 214
Aug'03

125

•210

'

235
I49»al50i8 1523^ 155

-Ha
•25
125

89
110

235

168

•160

89

11634

1273a 1-29
9
-81-i

117'-2

9
6

iso's 153
30^2 31
76»8 76-'4

J'ne'03

200

31

78

....

74

116

69'-:

*

236

81
197

Last Salt 15
Last Salt SO

....

170

•3»2

•6
*

2 3 '4

168

7-234

941a 944
70^8 7218
8412 844

434
41a
Is
18
109-8 1113.

17

69

*3'-j

J 'ly '03

804

Last 6 ale 230

73
36

'

131a 15

•72

10S7gllO'-2
116'all7-',
127 129^6
Sia
8'4

129*4 130'.
8=8
.^'^
69 Sj 69"*

78

15
74

17

11-^

".J

•15

•414....

IS
112

191

Aug'03
A«g'03
134
Mar'O

Ranye

1903

i>lisceilaneoU!4

•14
74

•4'4

117

73
•31
•15

'•i

15
74 >o

16
72

172

Last dale 7&4

>->

....

10'=(l4

•22 14

81
•144 15
196 190
166 166

197

2404

300
140
119

119
191
165
J TO
134
4J

221,

89

138
235

138
235
168
172
•295
140

81

1-2

226

•

95
95
6713 69*4
OS 'a 701*
8412 84 'a
833^ 84
170 173 •170
88
89 "89
88
HO'4 IIOI4
110 110

S4%

2464

Mange jor Year

the

6238 Atch

6078
89

Last Hale 2734
•1\^ 21 la
S\i
80
8O34 8O34
*13ia
1438 1438
1951a 19'>l4 *195iall'6ia

78^

•

60

Weekly and Yearly

Sales
or

EXCHANGE

Augtist 14

384 8S4

"ifO'e

14
195 la 195 "a
168
•
225
•19S ....

16S
a
2"5
i*96" 198

•

1351a 1351-2

*13»4

108

56I4

86 la 80>a
245 2l5

"20>i'20i4

80

82
14

5479

195
166
283
134
45

•

"ioi-i'lfos;

•SO

56>8

85
86
245 240
135 «a 135 Si
•230 235
165 166
170
*\l-i
95 295
141

STOCKS
BOSTON STOCK

Wednesdau Tti\irsda>)
August 1-i August IS

Tuesdau
August 11

Record, Daily,

9

24 Dec

Feb 13 d27
Marl3
3

8

Jan 10
li8Jaa23
Feb 9
23 4 Feb 9
79 Feb 9
34 Feb 10
258

24

74Febl]

578

Jan

934 Dec 25
Feb
124 Dec 21 4 -May
338 Mar
14 Sop
7
Nov til3i4 Mar

Jan
J'ly

l^gJly
Jan
1
Dec

75

4 Nov
47 4 Nov

49i4.Sep
6 Oct
434
134

44

14

25

21

Nov 34

3

Dec

8934
5

Mar
Jan

Mar
Feb
Feb
Feb

May

126 4 Feb
100 Nov 147 Feb
SijMar
14J'iie
4 Febll
4 Feb
1 J'ly 24
3 Jan 23
14 Sep
8 Nov 18 May
9 J'ly 5 1478Apr23
75 J'ly 24 190 leb 6 140 Dec 281 Feb
3 4 J'ne
•40 J'ly Hi
l"loFeb 9 50 Jau
13;'».Mai 18 4 J'ly
1734 Jan •ZH 3:;34 Marl2
78 Aug b 1004 Feb 20 (i34 Jan 125 Feb
4 '4 J'ly 24 14 Feb 9
S Dec 184 Mar
14 Aug 4 3134 Jan '> 27 Sep 3 5 38 J'ly
16i4J'ly24 27 4 Feb 9 I314 Jan 23 Deo
9=eJ'ly^7 17 Marli; 13 Nov i8i4J'iy
Jan^24 33 58 .May 23 194J'ly 274 Feb
2-2
Oct
7
Feb 9
4 Dec
9
3 J'ly 24
6 Auff
J'ly 24 11434 Mario dl
Jan
54
61 J'ly 26 77 Marl^2 42 Jan 65 Deo:
134 J'ly
Jan 8
2^9 Marl 7 •50 Nov
1
J'ly 27
II4 J'ly22

8ft

J

(Ass'tpaid.

t

Kx.rights. oEx.div. & right*

5

August

Boston Boad Record
"Week's.

Range or

i

Jliqh
97 14
97 '4
95
y4'a Bo's 94 >2
113 H; Feb '03

Atcli& Xebiaska lst7s..ll>08
AtchToj) ik S Fe gen g 4s. . lili'."> .A.-0
J'ly 10'.":> Xov
Adjustment ir 4*
1907 J-1)
Boston ct Lowell 4s
11U4 J-,I
Boston it Maine 4 "^s
IS'Oii F-A
Improvenienl 4s
Best & >Ion oil issue 7s... 1904 M-N
Boston Terminal Isl 3Sjs.l947 FA
Best Un Gas Isi ;>strrects-19;!9 J-J

Chic Jo

Ry

<ft

104

111

.

83

A-O
102

99

.A.-0

'.19

M-N

10534

19'2'2 F-.\

M-S

90

V

W

10o\
105Vi
lOO^g Mar'02

I'rices

Mondaii
August 10

Saturday
August S

New

"99" 1024

Sale

88 12 Sale

"b

9Si.>
90
"
125 128
1 25 lo 1271-2
100 107
102 107 ki

1121411214
100 103^4
9512 100
106 110
105 107 14

1915
1905
X Yifc N Eng 1st 7s
1905
1st 6s
1924
Old Colony gold 4s
Oreg Ry it Nav con g 4s.. 1946
1922
Oreg Sli Line Ist g 6s
Kepub Valley Ist s I 6s. ..1919
1902
Rutland 1st 6s
Rutland-Canadian 1st 4sl949
Savannah Klec 1st cons 5s. 1 952
1930
Seattle Elec Ist g 5s
1918
Torrington 1st g 5s
Union Pac BB<fc Igrg4s.l947
1911
Ist lieu conv 4s
United Fruit conv gen 6s. 1 9 1
Vermont <fe Mass 58
1903
West End Street Ry g 5s. .1902
Gold 41-2S
1914
Gold debenture 48
1916
Gold 4s
1917
Western Toleph & Tel 6s. 1932
Wisconsin Cent 1st gen 4sl949
Wisconsin Valley 1st 78.. 1909

I'er

ACTIVE STOCKS

Wednesda
August 12

Thursday
August 13
*65
100

i/

No price

110

Sale

115
95

108"

J-J
J-J

'.'.'.'.'.

101

Ct'or

tVidaij

Bonds and

110
115

lit)

ntt

J-J
J-J

A-O

100
103
102
112
100
119
105
100
102

103
102

FA

J-D
F-A
J-J

M-N
J-J
J-J

...

F-A

...1031..

94

lot!' <108i.j
1.

123 '4 I23I4
102 102

lis
70
15

97
102

Aug'03
Mar'03

102
107

Oct

't)2

Mar'02
1.2

941.2

99V
93

101
100
101

100 14 Sale

J-J
J-J
J-J

961a

102 1.2 106
107 107
99 101 14
92»8 106
101 111

Aug'03
Feb'03

1.2

!«

IOII2

Sep '0
Oct '02

105i.2J'no'03
10234 Apr '03
102 J'ly '03

F-A

119

119

J'ly '03

991.2

93 18 Sale
101

75
103
102

1.2

J'ue'02

931$

J-J

M-N
M-S
M-N
M-N
M-S
M-N

26
10

May'Ol
Oct '02

941a J'ly '03

M-S

78»i

102 '•.1021a
U)6i» loo's
103 106
102 10334

J'ly '03
J'ly '03
1«

118

10
75

J'ly '03
Feb '02
ifi

104

101

Mar'02
98

1021.2

130
104

108 .lllifl

J'ne'O:!

102
105

lolia

II2I2
115 1241a
9612 99
SO
91

Aug'03
10

10
75
104

103
97 Hi 98

J-J
J-J

97

80 Au(;'03
lOOis.Mav'OS
lOS .\ng'03
102 J'ly'O:;
123'4.\pr'03
102 J'lie'03
118 Apr '03
70io
70
2t)

1051.2

100 14

99 V,

108

10234 102'4
102 IO4I4

20

991.2

105

87i4J'ly'01

114i2Apr'03
latest bid

and asked.

II412II4V1

H Trust Co. ctfs.

Weekly, Yearly

Daily,

Mange }or Year

Sales
the

Jiiactive

73

J'ly
J'ly

Range

tor Previous
Year (1902)

1903

01

Stocks see below)

August 14

70

J'no03

130
100

971.J

Aut'03
901.2 JUv'03

80

-V-O

98
Feb'03

lot)

M-N
M-S
Spl

;

97i.2lO(>

130

J-D

Friday

Ao Low High

Hi(ili

97'.2J'ly''03

XO

Exchanges— Stock Record,

Centum Prices

*65

Tuesday
August 11

*

/.oic

Sale"

.\-o

F-A
1901' A-O
1907 A-O
1908 A-O

EngTelepli 6s

interest in addition to the purchase price for all Boston Bonds.

—Not

bs"

A-O
Iill2 A-O
Ont 1st 6s. 1925 A-O

6s
6s
5s

105->j 105^.1

135i2l3-i
135i2J'ne'03
137 Mar'03
137 1371.2
87 14
163 8714 941.2
89
87^2
88'-;
4 87 S; 94

Philadelphia and Baltimore Stock
SImre

82 '•< 88
100 101 14

Hli4Mnv'02

M-S

1921 Q-J

Note— Buyer pays accrued

101>vJ'ly'O3
95 >2 J'ly '03
106
106

97
107
105

rremtElk&MoVlst6s..l933 A-O 135
1933 A-O 135
Unstamped 1st 6s
89
Gt Nor C B & Q coll tr4s 1921 J-J
Registered 4s

nvijiiTij

1031-21073,

125>aApr'03
100 Aug'03
102
103
109i4Mar'02
112i4Jan'03

..100

-M-S
-M-S

104
97
J'ly '03

gr 1st 7s. ..190

Jan 1939
cons iiic3s
Jan 1939
2d cons ino 3s
Mich Telep cons 58 tr reo.1929
Minue Gen Elec con g 5s 1929
1929
New Eng Cot Yarn 5s

i;i:2'4i32"4

90

126

l.l

1st

961-2

104
97

bale

Ask

J-J

A-O

Marii Hough it
Alexicau Central cons 4s. .1911 J-J

"9 9 14 "991.2

99

90

FtSm

Cons 1st 4s

ii:.\

111

•since

J a nil an/ 1

^yeek's

Maine Cent cons Ist 7s. ..191

ill

98

90

ibo"

MS

SO

May'03

9811:

J-D
A-0

A-O
A-O

101

100

92

104
97
125
125

AG

J'ly '03
Feb '03

101

98

99>a

J-J

A- Mont cons 4s. .1920
Conn<& PassK Ist k 4s. ..1943
1927
Cnrrent Biver 1st 5s
Ist 4s... 1940
Det Gr Bap <fc
1913
Coal 1st 6s
Dominion
1900
Eastern 1st goldOs
1904
Fuchburg4s
1927
43

l/Bit

92'-.

99 14
99 14
106 Dec '0'.

"99'"IIII

1927 M-N

W
Concord

U>2-'t,]13

101

S'j»8

Apr '00

100 J'lie'Ol
132 >4 Mar'Oo
II7I4 Feb'03
8212
82 V
100 J'no'03
110 Apr '01

J-D

Stk Yds os 1915 J.J

&

llHi-jliiii..

97

:'j

Ka nge

lianije or

Last Sale

Bid
deben 5s. ...1910
Non-convert deben 5s. ..1913
la Falls .t Sioux C 1st 7s. .1917
Kan (; Clin* Spr Isl 5s.. .192.')
Kan C Ft S it Unit 1st 7s.. 1908
Kan C Ft Scott it M 0s....l928
1934
KanCMifc B gen 48
Mar 1 934
1 iieome 5s
Kan C it M Bv it Hr 1st 5sl929
Kan est Jo it C IS 1st 7s. .190^

Illinois Steel

99 "8 Jan '02

Coll trust refunding s 4sl940
CU Mil St P Dub 1) i5s.. 1920 J-J
& St P Wis div Gsl920 J-J
Ch
Chic <fc No Mich 1st gu 5s. 1931 M-N
Mich pren 5s. ...1921 J-D
Chic <fe

M

So Low High
7
97 »4 99 V
21 Ooi-j 9S\
u 3 lo
"4 U 3 11

101 Mar'03
113 1-2 Jan '03
113 Feb '03
90'" Fob '03
111
111
105 >o J'ly '02
99^2 May'03

M-X

.

h;

1

•s^

Price
fridaji

August 14

BOSTON STOCK EXCH'GE
Week E.vui.vq august 14

126»4 .\pr'01

A-0

1921
B<fc S\Vst4s
1949
Illinois Dir 3 i-js
Joint bonds See Gt Xortliern

98
Ang'03

97
88

86 »a 88

J-J
J-J
J-J
J-J

1939
1918
1918
Non-exempt Gs
1910
Sinkin;; luiul 4s
1917
Butte it Boston 1st lis
Cedar Kan .fc MoK 1st 7s. 1910
1909
'.>cl7s..:
Cent Vermt 1st s4s..Mayl920
1903
Chic Burl <fc Q lst7s
1919
Iowa DiT 1st 5s
1919
lowaDiT 1st 43
1913
Debenture us
OS trust receipts

98

97

.^

Bur & Mo Kiv ex 63

Last Sale

343

IJOMKS

i:an(ie

since
5 = Jan uary

A sk Low

Bid

Am Bell Tiliplione 49 190S J-J
J-J
Am Telep Tel coll tr 4s.l02it M-S

Denver Exten 4s
Nebraska Exten 4s

"3^

Price

It day
August 14

boston stock exch'ge
Week ending August 14

2(i

2

1

15, 1903.]

Week
Shares

Lowest

Highest

Highest

Lowest

Italtiniore

*65>4 66I4

'65

18

1838 181.;
3338 33 12
10>s IOI2

33
10 Ha

1812
3312
lOi-i

I8I4

33 14
*10i*

66
181^

33

Hi

IOI2

66
22 14

20

2II4

3412 36I4
lOia 101.2

35

10 la

66
100
2178
3534
lOiQ

25 65 Augl4 72i2Jan
100
12 100 J'ly 27 118 Jan
50
22 14 Seaboard Air Line
100 12,732 18 AuglO 28i4Jan
3513 35 "b
100 9,355 33 AuglO 45 Jan
Do pret
849 10 12 J'ly 24 14i4Jan
10 Hi lO'g United Ey & Electric. 50

66

Consolidated Gas
Northern Central

65

21%

Philadelphia
American Alkali

50

Is

Do

2OI2

20 14

205i,

201^

20=8
2'8
1034

3 "8

21-2

2's

I212

2<»i«

lOi*

11'..

21
3i«

64% 64 12

65

65

65

12
65

38 >a 3834

3Si<2

39

3914

S9"2

11

60=8 59iiie OOSg
60
3738 37 's
37^8 38
5I4
51,
"
514
11^4 11-,
113j
2 '8231316 2213
23-16
2

60 14 60=8
3734 38

514

539

*1134

40

40
331-2

42 la 421.2
81
83

81 12 8234

3
1138

11%
65

4II4

21=8
3
11 14

66
41 14

65

40

2138
3
11

411^2

134

•llh

*32i2

2H8

215l6

I's

I'a

403i8 403ie
•32J4 33'4
421a 42 12

20^8

231...

5^18

12
245i6

40
40
33I2
*33
42 12 4212
8234 83

66

l^s li3ia

2112 22
2 '8
3
11
11
67
69
40^8 4II4
134

134

Bid

Ask

Amer Iron

<fc

Steel

10
50

American Railways. ..50
Bell Telephone
50
Cambria Iron
50
Camden & Trenton
10

714

5

45

KR

PHILADELPHIA

8

Steel.

North Pennsylvania. .50
Pennsylvania Salt
50
Pennsylvania Steel.. 100
Preferred
100
Phlla Co (Pitts) pref.. .50
Fhil German & Norris.50
Phila Traction
50
RaUwavs General
10
Busqueh Iron & Steel..
Tidewater Steel
10

8l8

Westmoreland Coal. ..50

II712

112
117

ConM

110
104

Con

N

M
&A
&
& WU
H & B Top con 5s '25 A-O
3-3 i2-4s

Lehigh Nav 412S '14. Q-J
RRs 4s g
1914. Q-F

Gen M
Leh V C

1018

334

45
"43 12

94

3 7.

60
86
44
9412

...„

"ih

4

60

414

65

41-28

g.l924 .Q-F

Ist 68 g '33.. J-J
LehV ext 4s 1st 1948. J-D
2d 7s 1910
M-S
Consol 6s 1923
J-D
Annuity 6s
J-D
Leh Trac 1st 4s '29. J-D
Nat Asphalt 5s rects..
New Con Gas 58 1948 J-D
Newark Pass con 5s 1930
Ph No 1st 4s '39 J-J

V

NY

&

Income 4s 1939. ..M-N
1st 4s '36. .M-N
Deben 6s 1905
M-S
Penn gen 6s r 1910. .Var

10334

60 12
115

6sgl911....J-D

W

U Ti-ac Ind gen 5s' 19. J-J
U Trac Pit gen 5s '97 J-J

98

9734

Welsbach

ibe'ii

s 1

123
104
108
111
98

5s 1930. J-D

103
102
109 1,2 110
1131,2

12012
118I2 119

135
70

Inactive Stocks
Atlanta <fe Charlotte.. 100
Atlan Coast L (Conn) 100
Canton Co
100
Georgia Sou & Fla...lOO
1st pref
100
2d pref
100
G-B-S Brewing
100
Mt Vernon Cot Duck
Unit Elec L & P pret. 50

3 7 7^ Jan 3
1=8 Aug 1

Anacostia

113

II412 117

&

i-i

116

l8t 68 tunnel. .1911 J-J

||

Lowest

is

ex-dividend,

t

Ex-rights.

23
6
33
65

Apr

May 29i8Sep
Dec
Dec

Apr

36

80i4Apr

Nov

7934 Sep

29I4N0V
2 78 Feb

381,2

Dec

5lll6

0Ct

J'ly
134 J'ly
34

h.

85

Sep

5058

Apr

gi^Sep
1878 Oct
393,6

Sep

45 Is Sep
4O016

Oct

4334

Feb

126 May
40i2Sep

BALTIMORE

Bid

Ask

80

90

Charl C <fe A ext 5s. '09 J-J

2d 7s
1910 A-O
CitycfcSublst5s..'22 J-D

Georgia
IIII2

99 14
114
5912

P 1st 6s... '22 J-J

GaSo <fe Fla 1st 5s 1945 J-J
G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 M-N
KnoxvTrac 1st 6s '28A-0
LakeR El 1st gu5s'42M-S
MetSt(Wa8h)lst5s'25Fj;
Mt Ver Cot Duck 1st os

Incomes
New Orl Gas 1st

260
99

11034 1111^
46^4 47 14

32
10034 101

6OI2

68

14

17

5s.. Var
Npt N&O P 1st 5s'38 M-N

North Cent4i2S 1925 A-O

40

110

Norfolk St 1st 5s '44.. J-J
J-J
68 1904
Series
6s 1926.... J-J
Series B 5s 1926.. ..J-J
Pitt Un TratJ 5s 1997. J-J
Poto Val 1st 5s 1941.. J-J
Sec Av T(Pitts) 58 '34 J-D

A

100

Sav FlacfeWest5s'34 A-O
90

SeaboardAL4sl950A-0
Seab & Roan 5s 1920- J-J
South Bound 1st 5S--A-0
UEl L&P 1st 4i2S'29 M-N
UnRy& El 1st 4s '49 M-S

10958

J-D
Income 4s 1949
Va Mid 1st Os 1906.. M-S

106
ibe"

Penn & Md Steel con 68. II3I4
Bait Trac 1st 5s .. '29 M-N IIII4
Pa & N Y Can 7s '06. J-D 1071-2 1081?
No Bait Div 5s 1942 J-D
119
Convertible 5s. '00 M-N 100
Con 5s 1939
A-O
110
Con 4s 1939
Central By Os... 1912 J-J
A-O
Penn Steel 1st 5s '17 M-N
Consol 5s
1932 M-N
People's Tr tr certs 4s '43
Extife Imp 5s. 1932 M-S
P Co Istife col tr 5s'49 M-S 1091,2 llOi^ Chas City Ry 1st 5s '23 J-J

Bid and asked prices; no sales on this day.

5

2
2
5

Aug
Aug
Mar

City* Sub(Was)lst5s'48 112
Col&Gruvlst6s.l916J-J
Consol Gas Os... 1910 J-D 108
112
6s
1939 J-D
10442
105
Ga & Ala Ist con 5s '45 J-J ibsi^
124% Ga Oar & N 1 st 5s g '29 J-J
1071a

Balt&PlstOsml'll A-O
114

1

Is

Chas Ry G & El 5s '99 M-S

Ask

Pot5s

Chlst7.. .1907 J-J
Atl Coast L(Ct)clfs 5s J-D
Ctfs of indebt 4s
J-J
Bait CPass 1st 5s '11 M-N
Ealt Fundg 6S.1916 M-N
Exchange Si^s 1930 J-J
Refunding 3 Kjs 1952J-J
Atlife

isSep

I4 Aug
Feb 18
Feb 16
1
^isOct
7834 Jan 6 7334 Jan
4734 Feb 10 43i2Dec
Aug
3 Is Jan
5
9 Jan 8
8I4 J'ne
loi4J'iyi5 1778 Jan 5
2034J'nelO 341 ha Jan 2 2614 Mar
441I16 Feb
3978 Aug
40 Mar
32i2Aug 6 4018 Jan
30 Jan
42i2Aug
4734 FeblO 32 Jan
80 Aug 6 II6I2 Jan 31 101 12 May
23 Augl4 31 Marll 24 Jan

9638
61

25 14 J'ly
3434

3

457g Jan 30
4 Jan 6

ii6J'nel5
i4J'ue 8
59 J'ly 15
3739 AuglO

Bonds

IO6I2 10712

1

55
17

2

100

235

74i8Sep

Jan

40i4Dec
13 Oct

20 Aug 6 26^4 Jan
ISgJ'lySO 9''l6 Jan
5
J'ly 30 40^4 Jan
64 Aug 7 7934 Feb

BALTIMORE

80

No Penn

Consol 6s c 1905.. .Var
Consol 5s r 1919. ..Var

9OI4

M 4s g '47. A-O
M ot '82 4s '37.J-,T

Terminal 5s g 1941. Q-F
& B col tr 4s '21. J-J
Rochester Ry con Ss 1930
S R E Side 1st 5s g '35 J-D

P

F-A

1943

Bid

Ex Imp

Ry 1st con

5s 1932
ConTracof J 1st 58. '33
E
Ist
5s 1920 M-N
Elec
Peo Tr stk tr ctfs
Ehn
1st 6s '10. J-J
Eq II Gas-L 1st g 5s 1928

ctfs.

6214

i«JanlO

Jan 10

ife E gen M 5 g '20. A-O
Gen M 4sgl920..A&O
106
Ph & Read 2d 5s '33. A-O 123 14
Con M 7s 1911
J-D 12034

P
109
93

Indianapolis Ry 4s.l933
Interstate Rys—

United N J RR <fc cioo
Unit Pow & Trans... 2
United Trac Pitts
50
Preferred
50

Warwick Iron <fe Steel 10
West Jersey & SeaSh.50

E

Elec gold trust
Trust certif s 4s

Pliil

467

50 13,330
50 6,556
25 14,084
50 3,921
50 106.025
50
678
50
600
50 1,905
50 5,290
10
100

PHILADELPHIA

Ask

£id

Bonds

ext 7s 1910 A-0
AmRysconv5s 1911. J-D
Atl City 1st 5s g '19. M-N
BaUs Ter 1st 5s 1926. J-D

Col St

55

&

Al Val

WeLsbachCo

23

&D

Elec Storage Batt....l00
Preferred
100
Germanto-wn Pass
50
Harrison Bros pref. ..100
Indianapolis St
100
Inter Sm Pow <fe Chem.50

Iroii

620

Choc&Melst5sl949J-J
Ch Ok & G gen 58 '19 J-J

Electric of America. ..50

N Haven

3,142

Betlile Steel 6s 1998. Q-F
Che
Can 1st 5s '16 J-J

Central Coal & Coke. 100
Preferred
100
Consol Trac Pitts
50
Preferred
50
Danville Bessemer... II2
Diamond State Steel...
Preferred
.,
Eaaton Con Electric... 50

Keystone Telephone ..50
Preferred
50
Lit Brothers
10
Little SclmylklU
50
MinehUl <fc Sclmyl H..50
Nesquehoninir
50

50

&

6158 ,6113i8 621i6 6II616 63I18 Pennsylvania
3878
39
40
39^8 40
Philadelp'a Co (Pittsb)
esg
53
534
5 '8 Philadelphia Electric.
57is
*12
1218
12
12
12
121,2 Pliila Rapid Transit ...
27=8 2Si8 Reading
24^18 25=8 2515l6 2S»16
40
40^8 40\
41
41
40
Do 1st pret
*33i2 34I2 34iii634iii6 341^163415^^
Do 2a pref
4258 42^8
Union Tracton
43-4 43 14
4379 44
83 14 83 12
8478 United Gas Impt
84
84
84

Berg&EBrw 1st 6s'21 J-J

'46I2

Lehigh Valley

MarsdenCo
100
Nat Asphalt Tr Co rects 50
Do prel Tr Co rects 50

60^8

Inactive Stocks

American Cement

7,889
5,900
2,984

38

23

PHIti.\DELPHIA

pret
50
Cambria Steel
50
Consol Lake Superior.. 100
Do pref
100
Lehigli Coal
50
Nav

5

12 104 Jan
2 23=8 Dec

78

781a

84
92'e.

92-'^

6I34

62 14

2d series 6s 1911. ..M-S
3d series 6s 1916. .M-S
4th ser3-4-5s 1921. M-S
5th series 5s 1926. M-.S

109 14 110

Va (State) 3s new '32. J-J
Fund debt 2-3s 1991. J-J
West N C con 6s 1914 J-J 113

88 13

WesVa C&P 1st 6g'll J-J

110

Wil

1171a

<fc

Weld 58..1936.J-J

.

.
.
.
.

.

.

.

THE CHRONICLE

344

luuestmuit and ^>ailtoad
'

Railroad gross

[Vol.

LXXVIl

iutelligencje.

~~

e^a^rnings^

The following table shows the gross earnings of every Stf^m railroad from which regular weekly or monthly returns,
can be obtained. The tirst two columns of tigures give the gross earnings for the latest week or month, and the last two
columns the earnings for tlie period from July 1 to and including such latest week or month.
The returns of the street railwavs are broiu/ht together separaielij on a subsequent page.
LaUst Uross Karnings

KO^DS
or

Year

Year

iear

*

52,329

176.678
72,534
86.064

lune

inc. 8C,li44

wkAa^

February
June

31,380
0,620

38.190

o.J-Mi
4,4S7,l>0ti 4,444,28'-

.May

213,u4(>

July

t.>2,9-l!t

June
June

20.200

220,820
50.754
15.913

a799,703 a682482
8.29';
13,41',
5,S02.5*(.i 5,170.62.'
155.390 140,33'<

.vlay

lu.y

Uay

BathJcUam'dsv't Jiiue

2.251

1.641

5.879
5,133
173,482
Bull Koi;h& iutf 1st wkAu»
79.&lb
BiUtalo ASusii... Juut?
G0.20U
Canadiau Noith. 3d \sk Jiilj
CauaiUau facuii istwkAus 897.00*
May
12,00Caue Belt
Ceuflol Geor»;i>i IsiwkAuk 155,300
May
1,748,00/
Ceut'iof N Jer^^ej
1,888.001
Ceutral Fucinc. 4<»y
bouth'u. IthwkJuly
3.924
Cliattau
Juue
1,525.050
Jc Ohu>..
Cbesap
337.703
CUio <& Altou Kv. -Uuy
CWc Gl Westeiu. Ut wkAug 140,190
101,870
Chic lud ctL'v.. IslwkAUK
4.0oO,923
Chic M 11 w & 8t 1 Juue
1,4790729
Chic& North \V"u June
&0. June
990,080
CUioSt
33,047
Chlo Term Tr Kh IbtwkAug
ClnNOikTPac. 3d wk J uly 130,490
ClCiuChi St L. June
2.039.013
280,40'J
Peoria i&liast'L June
128.272
Coloraito ASoulli Ist wkAug
June
3 3,339
Col Newb & LiHU.
-Vlay
39.204
Copper Range....
Juue
Cornwall
9.355
Cornwall &Leb.. June
25,300
Cumberl'd Valle.\ June
179,954
Denv. & Kio Gr. ( 1st WkAug
334,500
Kio Gr. West, s
82,520
Det & Mackiuai-. June
Detroit Suutheru. Lst wkAag
33 929
DulSo sh .Sc AtL. istwkA.g
03.505
22.005
East & W. of Ala. May
May
Erie
4,264,190
Evansv & Indian L8t WkAug
8,140
Evansv <to XH... IbtwkAng
34,906
F'rchQd&N'rVii June
2,744
Farmv & Powhat June
7,343
June
Ft VV & l>env Cii>
220,580

4.943
3.091
144.982
63.591
29,100

BrliU't

Cem"

)Uly

,

Saco K. Juue

Jc

fM

KB

Geor(?ia

Ga South
Gila Val

G

Jane

164.8f.8

Fia.. July

.Sc

132.783
31.835

N..

A,

May

Gr Trunk System 4ihwkJulj 1,020,534
Gr Tr. Wesi'u 4tUwkJulj 137.089
Det Gr H<feM.. icuwkjuly
30.&73
Great Northern.. July
Montana Cent'i July
Total .systeiu July
Gulf&ShipIslaud June
Hockiu^r Valley..

Hou8 ^ Tex Ceul
Illinois Ceutral..
Illinois Southen.

IndIU&
Int

<fc

Iowa...

GtNorth'u

tlnteroc(.Me.x)...

Iowa Central
Iron Kail way
Kaiiawha

Kan City

>V

Mid

South'u

LakeErie&Westu
Lehigh Val KK..
Lexiug it Kast'n.

Long Island
Lou Heud&StL.
. .

Louisv

Macou

Nashv.

<fe

& Bliiu...

Man'tee&Gr.Kaj-

Manls

& No East

BOADS

Year

£

£
89,050

200.361
84.700
94.410

^1;

Latest Gross Earnings

|

i'reo 10X1.3

JtJoiUlt.

AlaN O * lexa- I'aciiio.
K O No East. July
Ala * Vii'keb'f; Juy
Vioksb !>U A V. Jmy

Belleioute

Date

to Latest

Curreiki

AlaGt Southern. 3d wk July

1st

I

i^reBiOus

*

AlleirUeuy Valley
Anil Art'or
Auu Wa<h J: Bai
AtcU lop Jc S bV.
Atlauta vt char..
Atl Kuoxv A No.
Atlautic * Biiui
Atl Coast Liue...
Bait A Auu S L..
Bait A Ohio
Bauiior <& Aroo.-<i

July

Vtirreui

He,!K

771,000
18,059
140,025
1.190.124
1.712.012
4.3t57

1.194.023
703. »20
130.101
91,155
3.8,3.717
4.000,368
904,3si)
3-.i.938

103.749
1,658.090

204,943
125,256
11,570
24.019
10,480
25,193
109,636
322,400
63,884
28,720
50.857
10,020
3,321,228
8,134
35.30/
3,159
7,431
221,259
137.919
115,385
33,018
848,523
124.071
30,502
3,301.903
157.862
3,459,845
114.578
127,402

3.400.095
185,929
3.580.024
151.683
1 at WkAug
131.063
April
413,593 369,265
July
3,805,203 3,348.770
July
12.157
12,754
June
128,828 127.941
let wk AUk
71.333
72,179
Wk J uly 25 109,000 101,270
lot wk Aug
42.791
44,722
June
6,206
6,088
1st wk Aug
15.901
31,883
4tUwk J uly 173,512 167,788
Juiy
467.475 372,660
May
2,714,709 1,790.404
June
39,41«
64,770
June
Inc. 31 .428
May
60.327
69,306
Ist wkAug
665,545 624.200
July
9.970
11,081
June
8.564
11.344
Juue
23,572
28,156

Weeic

or

Year

Year

S
9,120
27.751

15.336

Month

119,501

July
.Manistique
Maryl'd & Penn.. May

176,068 tMexioauCoul'l.l
72.534 I Mexican I-itern.
86,004 (Mexican Ky
inc. 632.419
;MexicauSouih'i
171.323 .Milieu cV. So'w'ii.
200,261
54,-i84
55.388 .Mineral Range..
62,350.390 50,135.0-<5 Minneap A 8t L.
2,915,530 2,704.1/0 M8t PA 8 St M.
50,7o4 -Mo ICaii ife lexa>
02.949
147.470 Mo Pac & Iron i\l
270.112
a9,070740 a7.639008
Ceutral Braucli
113.252
97.016
Total
5.802.580 5.176,625 Mob Jack Jc K C.
1,639.010 1,568,431 Mobile A Ohio...
33.430
34.525 NashCh &StI>..
4.943 UNaflRRof Mox
5,879
40.7 8U Nev-Cal-Oregon
49,417
757.0,0 Nevada Ceutral..
S89,:>30
1,000,752
835.748 N Y C & Hud Hi\
82,6uu N YOnt<fe West.
173,900
4,811,000 4,017,620 S Y Susq & West
190,.~.2&
159,505 Norfolk <& West'ii
805,274
824,490 -Vortheru Central
16,001.720 15.131.843 North'u Paoltic.
19,179.148 18,500.829 Nor Shore (Cal)
10,37u
10,700 Ohio Riv& West..
16,711,001 16,524,378 Pacilio Coast Co
9.323.134 8,498.023 cPenu— EastP&E
700.000
671,870
eWest P cV E....
572.0/4
489,173 Pere Marquette n47.662.73/ 45.613,125 PhilaBalt&W'sh
1150639141 40.731,386 Plilla A Erie
12,099,335 11,777,104 Pine IJlf Ark R
170,149
171,070 Pittsb C C & St L
381.117
302,195 Reading Railway
20.390,701 18,717.071
Coaldt IrCo
2.947,23/ 2,518,750 RichFr'ksb AP.
664.855
639,456 Rio Grande Jet..
192.922
180,595 Rio Grande So...
353,251
182,486 Rock Isl'dSyst'iD
94.732
114.225 Rutland
253,859
332,849 St Jos&Grl
1,601,805 1,193,993 St L& San Fran 6
1,819,500 1,811,300 St L Southwest
StL Van<fcTH..
953,707
862,192 San Ant <& A P...
140.644 San Fran cteNP..
170,606
324.074 Seaboard Air L..
320,975
223,343
171,161 Southern Ind
41,436,484 37,646,465 So Pacilio Co 6...
42,120
42,047
Central Paciflc.
180,429
174.011
Gal Har ASA.
37.526
39,938
Gal Uous A No
77,227
70,336
GulfWT AP..
2,494.586 2,262,121
Hous E A W T.
2,308,299 1,986.758
Hou8 A Shrev.
132,783
115,385
HoasATexCeu
294,855
340,835
Louis'a West...
3,192.008 2,589.422
Morgan's L A T
440,311
363.824
N Y T AMex ..
98.483
95,606
Oregon & Calif.
3.400,095 3,301,903
So Pao Coast....
lo7.882
185,929
SoPao RRCo..
3,586,024 3.459.845
TexANOrl
1,707,143 1.3/4.684 Southern Rallw'y
6o2,570 TerreH AInd...
680.959
4,557,087 4.452,234 Terre H A Peor..
3,805,203 3,343.770 Texas Central .
12.754
12,157 Texas A Pacific.
1.716.71T 1,080,182 Tex S V A N W
398,490 Tol & Ohio Cent
464.404
390,440 Tol P A West
306,400
251,209 TolStL A
242.475
86.703
82,623 Tor Ham & Butt.
150.561
71,474 Un Pac proper...
477,262 Uu Pac System .
527,656
372,660 Wabash
407.475
24.607.394 23,694,728 W Jersey A Sea'e
424,400 Wheel A LE
574,785
200,364
84.760
94,440

i

.

.

!

.

.

.

.

W

bbl .385
Wm'sport&N.Br.
743.216
637,865 Wisconsin Cent..
3,597,355 3,333,505 Wrightsv A T'n..
11,081
9,970 Yazoo & Miss. V.
1 40,486
121,550
326.463
350,762
Inc.

wk Aug

1

St

.1

une

.

WkJiay25

3d wk uly
Juno
.

wkAup
It-c wkAug
1st wkAug
Ibt wkAua
Ist wk Au^
l8t wkAug

515.995
554.431
lOl.ldO
18,105
3.21'J

11,490
56,183

Ist

Ist

wkAuf;

Wk Aug.
July

1

WkAug
1st WkAug

129.12.".

2

/

6,288

670.000
30,000
700,000
8.080
616.352

31

185,15'_

July

1

May

202,705
17.542
3.228

July

6,849,404

May

621,952
283.447
417.436
872.702
4.119.423
76.402
18,298
467.864

.May
l8t wbAug

June
July

Jane
June

May

......

10827859

WkAug

Jnc. 88
219.253

Juue
June
1st

June
June
June
June

1,176.217

679,890

2.183
2.139.562
3,295,110
May
2,952,838
May
153,600
May
51,545
May
10.772
1st WkAug
1)3196735
May
48.932
3d wk July

102,867

June

*
-....
347. 7J 8

>*•«

9,120

J^revwui
Year
.^

1.').336

««••......

2,515,900
7,152,994

485,583
354,3uri
99.600
61,430
18.993
4ti,799
3.210
9.693
00.223
295.57-.;
64.903
108.702
689.600
294,210 1.003,390
623.000 4,011.000
21.000
153.000
649.000 4,161.000
3.703
35,592
555.262
616,35-J
159.995
995,439
147.098 1,126.110
17.542
14.853
2.919
30,523
0.030.838 6,849,404
370.758 5.533.813
103.010 2.377.980
339.370 2.299,312
611,002 9.404.348
3.850,370 4,119.423
587,172
63.980
197,674
14.507
395.933 5.028.154
9.596.059 119398494
Jnc.5,b
8.900
196.427 1.151.807
1,041,017 13.169.449
509.001 7,01 2.778
1.524
35.70b
1,834.111 23,601,180
2,251,710 29,104,391
1,106,813 20,098,900
139.960 1,192.248
47,282
533,719
60.001
11,703

1.862.657!

6.141.400
351.300
58.124
38,S29
56,156!

382.476
637,941
1,505.709
3,015.000
113,000
3,728,000
19,91'i

555,202
896,242^

823,234
14,853
34.873
6.036,838!
5.194,651:

2,474,268
1,868,236
8, 408 .848'

3,850,370
491,453
180,218
4,551,914-

106298194
oO.OoO
1,000.958
11,925,749
6,823,394'

34,245
21.772.072
27.316,496
26,327,707
1,042,040"

537.982
65,542

«41473542
47,439
110,817

WkAug

120,457 115,003
199,117 185.793
230,965 247,620
April
141,391
123,727
July
lihwkJuly 297,750 295.304
97,630
65,309
July
May
6 6,975,280 6.390.045
May
1,888,001 1,712,012
iMay
601,699 550.949
May
116.428
23,389
12.463
May
18,004
April
70.515
56,260
April
19.551
15,197
April
413,593 369,265
152,242 186,120
May
May
379,361 425.335
May
35.607
33,777
353.033 317,670
May
May
93.832
78,533
May
2,591,025 2,331,389
May
256,928 262,018
1st WkAug
785,877 755,93:.
July
170.099 141,211^
July
48.207
45,601
IstwkAuj!
8.457
7,200
l8t WkAug
181.950 177.102
July
9.000
8,000
l8t WkAug
76.994
54,511
l.st WkAug
24.355
21.657
Ist -WkAug
64.227
65,634
2d wk July
11,090
7.425
4thwkJuly 682.306 643,823
June
4,501,172 3.860,440
Ist WkAug
459,312 419,731
June
380,924 350,024
1st WkAug
87,111
60,630
May
13,013
10,984
1st WkAug
134,000 117,955
10,921
9,599
June
July
470,494 441,000
let

V„le.

Late.'it

;(;

O2822405 32354001

July

to

Vvrrent
Year

i^revioua

I

157.318

Ju,y 1

Ctirrenc

July

150,173
138,73<>
1,388,162 1,349,790!
822. 405 92,354,061
y2,
673.994
642,473
199,117
185.793
2,141,270 2,172.830
141.391
123.727
962.130
979,973
65,309
97,630
80.067.782 76.085.55S
19.179.148 18.50u,829'
6,2.59,733 6,621.003
1,081,210
381,734
142,962
151,110
777.807
756,377
192,282
198,477
4,557,687 4,452.234
l,781,7o9
1,727,810
4,398,613 5,132.327
428,842
343.339
3,626.535 3,189.862
868.070
832.604
28,018..579 26,555,834
2.861,528 2,720.548'
4,291.568 4,047.349
141.202
170,099
48,207
45,001
42,600
32,773
874.717
956,182
9.000
8.000
393.782
319,573
135,145
113,591
308,721
295,055
22,658
15.736
2.693,152 2,352.071
51.075.18'-' 47,500,279
2,459.465 2,141.26'i
4,040,958 3,763,758471,03"
400,552^
166,235
119.400
6.19.036
748.533
174.599
143.018

470,494

441.060

VAltlOUS FISCAL. YEARS.
KOADS

Allegheny Valley
Jan.
Atlanta A Charl Air Line.. Apr.
Belleioute Central

Canadiau Northern
Central of

New Jersey

Cumberland Valley
.Jan.
International & Gt Noi-th'n Jan.
Lake Erie & Western
Jan.

&

1 to

June 30

1 to

May

1

1

1
1
1

North Eastern Jan.

1

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

1

Maui.-itique
Mis-jouri Paciflc

Central Branch
Total
JMexican Central t
Mexican International

31

Jan. 1 to July 31
Jan. 1 to JiUy 21
Jan. 1 to May 31

Chicago & North Western. June
Chic fet P Minn & Omaha.. Jan.

Mani.stee

Current Year IVevious Year

Gross J'Jamings

to June 30
to Juno 30
to June 30
to Aug. 7
to July 31
to June 30
to July 31

1 to July
1 to Auic.

31
7

1 to

7

1

Aug.
to Aug.

7

1

to

June 30

Inc.

$300,823

$510,505
43,005

4.50,489

2,354,225
8.326.896
4.790.729
5,597.017
884,804
2,974.251
2,915.219
189,574
38.800
23,493.399

745.765
24.239.164
15,062.205
3,720.548

33,396
774.911
0,441,963
4,000.368
5.405.200
557,874
2,609.763
2,611.426
172.236
06, .591

KO.\US

Gross Jiamings

JMexican Railway
JMexicau Southern

Jan.
Jan.
Jan.

1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to

Nov.

1 to

Jan.
Apr.
INational
Mexico... Jan.
Northern Central
Jan.

RR of

North Shore
cPenn.sy., East of P

P&E

eWe.stof
Pere Marc^uette
Phila Baltimore

& E...
u-

& Wash..

Philadelphia & Erie
Pitts Cin Chic & .St Louis..
Rio Grande Junction
St L Vandalia & Terre
Terre Haute & Indiauap ..
Terre Haute & Peoria

H

20,353,612
583,259
20.936.871
12.108,326 Texas & Pacific
3,110,714 West Jersey & .Seashore...
.

Mar.

Jan. 1 to
.Jan.

Dec.

1 to
1 to

Nov. 1 to
Nov. 1 to
Nov. 1 to
Jan. 1 to
Jan. 1 to

July 25
July 21
Aug. 7
June 30
June 30
June 30
June 30
Aug. 7
June 30
Jiuie 30
June 30
May 31
July 31
July 31
July 31
Aug. 7
June 30

Current Year I^evioxis Year

$3,095,800
314,054
0.873.490
5,040.194
243,003
00,155.270
Inc.

6,534,486
8,734,373
3,608,005
11,880,845
269,085
1,781,408
1,4'^8,411

739,721
6,541,703
1,724,852

$2,825,800
307,902
5.110,167
4,092,594
193,365
53,419,87©
3.214.800
5.990.557
7.795.773
3.018.421
10,839.374
262,822'

1.604.904
1,272.584
653.377
6.093,090
1.577.752

t Keoulta ou
Monterey <Sc Mexican (iuii are included from March 1, 1902. {Mexican currency. 1| Includes trans-Missouri lines In 1903
b Does not Include the
l)eginning .viarch 1, making length of road on which earntogs are reported 7,357 in 1903. against 5.876 miles in 1902.
Houst ite Tex. Cent, and its subsid. lines for May either this year or last, but these lines are included for 10 months to April 30 in both years,
West, and also Florida
t Including Sav. Klor.
e Covers lines directly operated,
w Includes tlio (;hicago A Eastern Illinois In both years.
w InSouthern and Sanford A bt. Petersburg Rys. in both years.
» Other income not included iu the gross either for month or from July 1.
cludes Lake Ene
Approximate for Juiv
Det. Riv. Ry. from Jan. 1 both years.

&

&

-*

5

. .
. .

AuetrsT

—

,

THE CHRONICUE.

15, 1903.]

Latest Uross Earning^g by Weeks.— In the table which
follows we sum up separately the earnings for the first
week of Augnst. The table covers 40 roads and shows 11 '91
per cent Increase In the aggregate over the same week last
year.
1903.

ls< toMAc of Auffnat.

Ann

A

....

Oeniral of Qeorirla
OiaoAKO Great W eat era
Ohio. Indlan'lls & Loniev

Term. Transfer....
Colorado A Southern.
Denver & Rio Grande *
.

At..
EvanBvllle<te Indlanap..

& Terre

Haute...

Hoeklne Valley
international
Iowa central

Kanawha &
LoolBvlile &

A

Gt.No..

Mlohl#i;an...

Nashville

.

Mexloan Central

..

Mineral Ran>i;e
Minneapolis & St. Louis
Mlnn.St. P. &8. 8te. M
Mo. Kanaas & Texas. ..
Mo. Paoltlo <fc Iron Mt...
Central Branch

Haehv. Chat. & St. ixiuls.
National RR. of Mexico.
Norfolk & Western
Pere Marquettet
Bio Grande Southern.
Bt. Louis southwestern.
Southern Railway

771,000
I46.t;a5

130.101
91,155

33.047
128.a7i

32.t»3»

12i,256
822.400
28.726
66.857
8.134
35,387
127.402
71,333
42.791
15.901
621.260
347,718
9,693
64,963
108,702
394,210
628.000
21.000

334,.'i00

Tex aa Central
Texas <k Pacino
Toledo <fe Ohio Central.
Toledo Peon* at Weet'n .

West

Wabaah
WheeUni; <h Lake Erie.
Wisconsin Central

.

Total (40 roads)

Net Increase (11 91

63.66.')

8.146
84.906
13:. 063
72.179
44,722
31.883
665.5 »
&15.995
11.496
56.18i
129.125
276.288
670.000
30.000
185.162

169.99.T

785,877
8,457
181.950
76.994
24,355
65 634
469.312
8-,lll
134,001

147.098
339.376
196,427
11,703
115.603
755.933
7,206
177.102
64,511
21.657
64.227
419.731
66,680
117,966

7,762,363

.

Tol. 8t.L,<k

144982

83.929

*

DnlnthSo. Shore
Evans.

$
31,380

S
38.190
173,482
897,000
156,300
146,196
101,<i76

Chlo.

Detxolt Sontliern

Inerwxtt.

Dtcrtan.

6,936,04b

202,70.''

417,436
219.25 a
10.772
120.45';

p.o.)

* Includes Rio Grande Western,
River By. for boih years.

t

%

%

6,310
28.500
126,000
8,678
16.095
10.721
109
3.016
12.100

12

461
3,661

846
1.9.^1

15.982
41,285
168,277
1,803

8,780
20,423
17,922

48,000
9.000
25.1555,607
78.060
22.826

week

ith week 0/ July.

,,^ .«.

28,094
Detroit

last year.

1903.

1902

Prevlonsly rep'd (45r'ds) 12.929,949 11,495,040
Ala. N. 0. & Tex. Pac—
New Orl. <fe No. East ..
72,068
77,364
37,760
80,531
Ala. & Vlokaburg
35,664
Vloke.Sh. & Pac
38.440
297.750
295.364
Beaooard Air Line
12.358
4.894
"Texas Central
682,^06
643.828
Union Paolflo proper
Total (51 roads)

Not increase

1

1 1 -91 p.

14,075.937 12.577.387
c.

Increase.

9
1,464,543

9
29,634

Gross

Year.

Year.

29,634

Net Earnings.
I'rrrious
Current
Yea?'.
Year

.

Eoadt.
$
$
$
$
Allegheny Valley... June
Inc. 86,244
Inc. 27,063
Jan. 1 to June 30
Inc. 366,823
Inc. 44,059
Atl. Knox. & No. a. June
11,627
63,238
47,264
19,714
July 1 to June 30
239,053
707,409
621,166
217,967
Bait. & Ohio.b
July 5,862,580 6,176,625 2.322,379 2,010,755
Belief onte Centr'l b July
1,805
5,879
4,943
3,153

Boston & Malne.b.—
Apr. 1 to June 30.... 8,739,726 8.043.044 2.606,851 2,434,772
Jan. Ito June 30
16,544.724 15.160,301 4,480,641 4.373,547
July 1 to June 30. ...33,738,984 31,840,694 9,505,612 9,407,54 3
Boston Rev.B.A Lynnb—
Apr. 1 to June 30
139,808
122,831
10.192
10,932
Jan. 1 to June 30....
231,533
11,511
205,976
10,801
July 1 to June 30....
64,630
532,022
474,607
67,295
Brldgt & Saoo R.b.June
1,763
5,133
1,912
3,091
July 1 to June 30
49,417
11,814
40,780
16,090
Bafialodi S'sqneh.aJime
79.816
July 1 to June HO.... 1,000,752
Central New Eng.—
Apr. 1 to June 30....
213,983
Jan. 1 to June 30....
358,759
July 1 to June 30
655,535
Colnm.Newb.A L.b.June
13,339
July 1 to June 30
192,922
Cornwall.*
June
9,355
July 1 to June 30
94,732
Cornwall & Lebac ..June
25,306
July 1 to June 3i;....
263,869

Delaware &. H'dson Co.—
Albany <& Sueqaeh.b—
Apr. Ito JuneijO.... 1,218,680
Jan. 1 to June 30.... 2,426,936
July 1 toLJune 30.... 4,608,820

127,658
1432,469

t24.259
t367,269

141,143
56,817
86,500
269,658
583,835
133,286
11,576 def.3,184
180,595
51,651
2.972
10,486
114,225 def.32,601
13,013
25,193
332,849
113,833

30,628
67,534
147,685
def. 1.075
56,883
5,068
51,924
10,791
155,786

492,913
1,075,957
2,201,393

377,595
941,242
2.366,567

63,591
835,748

1,009,910
2,125,853
4,654,187

Year.

$

$

—

141.S29
270,040
697,405

122,160
211,184
521,530

820,888
1,619,246
3,299,117

1 to
1 to

Rapid

klnterborouKh

Transit Oo. b [operating Manhattan Elevated.]
Apr. 1 to .Time 30.... 3.281.787 2,857.250 1.969.698 1,456,144
JiUy 1 to June 30. ...12,208,335 10,665,910 6,747,542 5,147,826
Lake Erie <fe Weotern b —
335,848
Apr. 1 to June 30 ... 1,317,758 1,141,341
336,106
672,250
Jan. 1 to June 30.... 2,447.744 2,238,766
675,165
64,770
39,418
Lexlng'n & East. b.. Jimo
10.592
14.266
674,785
424,400
July 1 to June 3u
224,868
165,770
LiOQisv. di Nashv.b.June 8,059,988 2.662,200
913.741
844,977
July 1 to Juno 30.... 36,449,378 30.712,257 11,478,565 9,809,819
11,344
def.403
Manistee & Gr. Rap. June
8,564
735
140,486
121,550 def.9,162
July 1 to June 30
16,039
Manlstlqne.b
July
9,120
16,336
1,051
10,346
Jan- 1 to July 3l
38,800
66,591
1,769
86,799

46,096
83.047
181,916

N.Y. Chio.&

St.

Louis

44.164
81,372
171,625

5,659
18,248
47,618

7,247
15,373
40,971

2,040,146

1.607,320
3,361,965
7,264,865

468,231
96 ,057
1,897,142

493,241
937,628
1,816,278

b—

Apr. 1 to June 30....
Jan. 1 to June 30....
July Ito June 30...,
N. Y. & Penns.vlvanlab—
Apr. 1 to June30
Jan. 1 to June 30...,
July 1 to June 80
June
Phlia.<St Erle.b
Jan. 1 %o June 3o
Pine Bluft Ark. R- ..June
July 1 to June 30

4,185.9.=i8

7,962,891

1

25.379
30.400
53.809
44,595
113.105
97,364
679,896
509,601
3,608.005 3,018.421
2.188
1,524
85,708
34,245
102.867
110,817
1,388.162 1,349,790
110,790
91,934
1,451,617 1,171,992
2,627,564 3,083,144
5,116.342 4,339,907
566,780
446,460
7,330,035 6,587,356

—

8t. Jos. &. Od. lel.b. June
July 1 to June 30

Tol.Peorla & West.bjuly
West. N. Y. & Penn.b—
Apr. 1 to June 30
Jan. 1 to June 30
July 1 to June 30 ...
Yazoo & Miss. Val. a June
July 1 to June 30

6,920 def.2.409
13,189 def.7,196
24,392
1,695
211,323
158,451
1,021.685 1,016,916
idef.134
193
18.616
14,541
13,676
38,489
451.761
497,405
32.197
19,089

100.697
29,710
33,290
74,094
1,666,925

63,184
26,516
611,111
22,378
1,882,419

k Netearnlngs here given are before dedaoting taxes.
Expenses increased this year by extra outlays for rails,
k Last year's figures, both for the quarter and the twelve months,
are those of the Manhattan Railway.
t After adding $16,698 other Income for June, 1903, and $5,016
for June, 1902, total net income amounts to $44,356 and $29,275,
respectively. From July 1 other Income amounts to $101,673 and
$37,672, making total net income $584,332 and $394,941, respec§

tively.

Net Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including a)l
roads from which monthly returns can be obtained, is gives
once a month in these columns, and the latest statement of
(his kind will be found in the Chboniclb of July 18,
The next will appear in the issue of Aug. 22, 1903.
1908.

— Earnings. —
Current
Previous

Year.

$

a Netearnlngs hereglven are after deducting taxes.

Decrease.

5,296
7,226
2,776
2,386
7,464
38,483
1,528,174
1,498,540

Year.

Delaware & Hudson Co.— Continued.
N. Y. &Cana(la.b.—
857,908
Apr. 1 to Juno 30
302,526
65'<,447
Jan. Ito June 30
540,846
1,367,433 1,171,758
July 1 to June 30

Jan. 1 to June 30
July 1 to June 30

&

.

I'ririotia

$

Newb. Dutch. <feConn.b—
Apr. 1 to June iO...,

9'3'i

Includes Lake £rle

Xfl j-Uirnings.

Current

732.128
190,258
155,081
3H8,000
1,338.401
291,878
2,913,365
897,437
955,063
151,683
114,578
Gulf A Ship I.xl... a. June
64,059
33,933
July 1 to June SO ... 1.707,143 1,374,084
633,199
434,170
Illinois Central.. .a. June 4,087,560 3,300,318 1,090,216
765,763
July 1 to June 30.. ..45. 186,076 40,821,030 13,488,121 12,806,690

5.203
6,706

854,399
826 306

,

Year.

Jiuie SO
June 30....
July 1 to June 30...

•••• ••>

4.854
29,944
1,251
4,848
22,48b
2,698
1,407
39.58J
20,481
16.045

— Gross Earnings-. —
Ci<rrent
Priviuun

Roads.

Apr.
Jan.

For the fourth week of July our final statement covers
51 roads, and shows 11 '91 per cent Increase in the aggregate
over the same

.

Renns.A Sar.AAdlr. b

Arbor.. ...... ....•••
Plttsb'^
Baff&lo Rooh.

Canadian Paoltlo...

1902.

345

Interest Charges and Surplus*—The following roads, In
kdditiou to their gross and net earnings given in the foregoing, also report charges for interest, dbo., with the surplta
above or defloit below those charges.
Int., Rentals, etc.
^Bal. of Net Earn'gs.~.

—

—

.

.

Current

Boston

Previous

Year.

Year.

Year.

$

& Maine—

Current

Year.

Roads.

Previous

$

$

$

—

Apr. 1 to Jane 30
1,985,368
Jan. 1 to June 30..^ 4,025,798
July 1 to June 30..., 8,088,044
Boston Eev. B. & LynnApr. 1 to June 30
15,572
Jan. 1 to June 30....
30,156
Gont. New EnglandApr. 1 to June 30
39,287
Jan. 1 to June 30...,
78,013
July 1 to June 30....
155,169

Delaware & HudsonAlbany & Susq.—
Apr. Ito June 30
Jan- 1 to June 30
July 1 to June 30
N, Y. & CanadaApr. 1 to June 30
Jan. 1 to June 30

July Ito June 30
Reus. & Sar. & Adlr.-

311,276
621,646

klnterborough

Rapid

790.361
726,726

605,766
627,845

1,945,193

1,938,011

15,807 def.1,678 def.l,5S5
30,593 def.12,350 def.11,967
*1 9,062 *def.2,497
36,636
*11,995
74,942
*def.866
* 5,026
152,688 *df.l4,308

1,247,605

302,659
611,665
1,243,524

181,637
454,311
953,793

74,936
329,577
1,123,063

91.998
186,229
369,848

93.916
185,775
373,620

49,538
83,811
227,557

28,234
25,409
147,910

Apr. 1 to June 30,...
316,472
Jan. 1 to June 30
640,222
July 1 to June 30
1,282,181

Gulf & Ship Isl
June
July 1 to June bO...,

2.027.684
4,064,962
8,059,432

18,817
194,364

328 899 df.126,219 df.173,818
648,682 df.252,222 df.366,804
1,280,733 df.284,744*df.316,135
*38,930
12,502
21,431
*442,553
175,311
258.859

Transit Co. —
*911,582
Apr. 1 to June 30....
855,849 *1,375,322
684,563
July 1 to June 30..., 2,820,858 2,699,670 *4,273,S43 *3,073,455
Lake Erie & Western119,240
119,132
Apr. 1 to June 30....
216,974
216,608
238,434
240,873
Jan. Ito June 30...,
434,292
433,816
Newb. D'tchess AConn.*821
*3,156
5,226
Apr. 1 to June 30....
5,064
*9,000
*5.912
9,732
Jan. 1 to June 30....
9,614
*28,671
»21,567
19,792
July 1 to June 30
19,516
W. Y.Chlo. & at. L.* 176,692
•188,672
322,563
Apr. 1 to June 30....
307,926
'852.243
*324,854
636,638
Jan. 1 to June 30....
633,358
*624,510
•687,688
July 1 to June 30.... 1.318,538 1.272,388

—

.
.

.,
, ,
. .

.

Ren tats,

Int.,

.

etc.

—

Cun-fiil
Year.

I'rcrioHS
Ytar.

$

& Pennsylvania-

V. Y.

June 30
June 30
July 1 to June 30
Pine Bins Ark. R... Jane
July 1 to June 30
8t. Job. & Gr. IslM June
July 1 to Juno SO ...
rol Peo. A West. ..July

—Hal. ofXet Earn'QS.—^
Current
rrerious

#

lioads.
1

to

308

154

Jul

1 to

1.410
2,556

5.409
17,990

608

483

7.398
18,6S9
227,092
23,008

Xttxr.

5,985
18,646
204,411
23,538

. .

Weet. N. Y.

I'enr.

^

Apr.

*

6,612 def.2,663
11,779 def.12.605
21,886 deM6.295
def.742
def.290
6,218
8,606
19.793
def.5,013
224.669
292,964
9,189 def.3.449

& Penn.—
320.262 df.223,492*df.25739C
577.409 df.540.310 *df. 551195
1,119,202 dM.060,881 •df.507166

324,189
570.020

Apr. 1 to Ju!ie 30
Jan. ItoJimeSO
July 1 to Juuc 30

1,093,'371

tter aUoirlnK for other income reonlT^d
k La«t year's tlicures, both tor the quarter and the twelve months,
are those ot the Manhattan Railway.
*

8TBEET RAILWAYS AND TRACTION COMPANIES.
The following table shows the grost earnings for the latest
period of all btrbkt railways from which we are able to otatain weekly or monthly returns.
Latest Bro»$ JIarningt.

OEOB8
KASSVXQi.

Wutc or Ho Our'nt
Tear.

•

Amerioan

R'ys. Co.|].

Aur. Eljrtn & Ohio.
BlnKhaiuton RR

June

June....
Burllngfn (VDTrao. July

—

Gas & Electric. June
Chlcaso &. Mil. Elec. Jane
Cln. Dayton ATol.Tr. July
Cln. Newp. & Coving.
Light A Traction... June

C»l.

Jan. 1

Prev^u*

to Latest

Date.

Current Previous

Tear.

Tear.

9

S

114.742 101,164
12,145
22,776 26',243
8,773
8,184
222,287
22.48S 17,760
51,637 60,525

Ry Wk.Aug.9

Tear,

601.152

608,295

109! is 6

94,510
37,729

42,142

BonoluluRaptdTran.

Houghton Co. 8t. Ry.
Houston Elec. 8t. Ry.

Street Railway Net Earnings.— The following table gives
Street railway gross and net earnings received
this week.
The general summary which we furnish once a
month, and in which we bring together all the roads from
which monthly returns can be procured, will be given

August

39.

— Gross Earnings. —
Current

93,721
284,958

78,939
251,663

104,844 91,131
673,384
519.241
3,173
12,448
3,062
12,665
June
238,863 214,985 1,318,356 1.170,544
June
40,542 t25,19S
196,846 4128,392
19,766 18.715
Jime
91,403
84.144
Jaly
19,430 17,603
76,313
70.530
l.^t wkAug
91,961 83,273 2,556,126 2,266,901
3dwk. J'ly 12,826 11,184 336,769 280,915
June
17.949 18,739
87,517
81,490
June
211.119
42,575 33,874
186,456
June
45,476 41,867
237,622
212.733
WkAug.lO t 30,942
:753,263
June
23,467 14,831
June
16,417 16,008
June
87.237 31,899

June
Ithaca Street RyJune
Jacksonville Eleo.Oo. June.
Knoxvllle Traction.. May.
L.ake Shore Eiec. Ry June
Lake Street Elevated July..
Lehigh Traction
June
(Buffalo)...

.

I'eiir.

74,103
11,862
26,968
16,224
9.040

London St. Ry.(Can.) Jane
Mad-

(Wis.) Traction. .Tune

Metrop.

.

Ry.(N.Y.)
Includ. 3d Ave. RR. July
Met. West Side Elev.. July

62,293
9,932
23,647
13,643
8,443

300,718
66,199
106,662
75,669
42,156

S46,881
59,110
86,775
65.064
86,820

St.

1,858,501 1,742,314

168,188 151,79011,189,699 1,088,403
248,422 220,990 1,430,186 1,267,739
38,818 31,958
179,656 148,346
Montreal Street Ry.. W». Aug. 9 45,956 44.241 1,314,152 1,217,393

MU. Elec.Ry.ALl.Co. June
Mil. Lt. Heat & Xr. Co. June
Musk. Tr. & Light. Co.

June
June
Gas Department... June
Street Ry. Depart..
Electric Light Dep.

Bf or.

10,806
2,508
3,094
81,048
92,059
95,312

Ohio Tr. & Lt. Co. July

Worthwestem Kiev.. July
Oakland Trans. Cons June
Glean St. Railway... June
Orange Co. Traction. May
Oreg. Wat. Po.

<k

....

7,48fi

Ry. April....

10.076
17,139
10.045

PeekB.L'fg&RR.Co. June

10,865
2,012
2,313
68,342
86,970
82,920
5,049
8,538
10,887

Philadelphia Co. and
Affiliated Corpor's. June
Pottsv. Union Tract. June

1,307,000 1,076,800

<fe
aaburban
Tract & Llght'g Co. June
Btb Co.Gen.— Roads. June
Light Go's
June
Rochester Railway
July.,
Bookford B«lolt &

41,867
31,897
1,724
114,784

17,682

14,824

r28,293
rll,324
rl2,6e5
470,030
716,020
542,688
38,482
86,323
«0,671
dl06,757

r30,516
r9,338
rl0,741
887.279
662,385
449,486
25,525
31,688
40,373
d86,795

7,728,568 6,860,466
83,974
76,163

Pueblo

.

Janes vlUe
July..
Louis Transit
July.,
Sao Paulo (Brazil)
Tram. L't <fe Po. Co. June
St.

Savannah

26,370
1,561

99,205

232,950
141,299
11,048
718,120

116,062
10,016
626,626

14,454
74,779
339,704 575,173 4,106,168 3,589,760

102,500
632,364
46,104 44,897
9'89,457
176,613 151,317
848,651
118,166 103,639 900,451
822,007
Jane
66.648 60,863
381,642 346,613
Jane
25,658 18,897
June
38,486 25,136
May
24,778
108,267
June
141,645 122,682 772,178
671,284
Wk Aug. 8 41,013 88,601 1,181,104 987,315
1st wkAug 82,604 73,113 2,363959 2,076.268
July
41,085 37,007
206,844
183,807
June
97,302 81,424 502,076 339,067

Eieot. Do. June
Seattle Electric Co. . Jane
South Side Elevated. July

Syracuse Rap.Tr.Ry.

Tampa

Electric

(3o...

Terre Haute Elec.CX).
Tol. Bowl. Or. A So. Tr.
Toledo Rvs. & Light.
Toronto Railway
Twin CJlty Rap. Tran.

Union (S. Bedford)..
Union Trao. of Ind..
United RR'B of San

Franolsoo
Jane
United Trao.— (Alb.) July
Wash. Alex. A Mt V. May
Tonngstown -Sharon
Ry.

ALt.Co

!

TbeM

42.881

246,182'

Spanish

I

488,113 454,219 2,966,671 2,657,161
962,128 863,967
21,720 20,399
91,1801
86,784

1145,268 139.679

Jane

c

silver.
are roBtiltB lor propertieB
R«Balt« for main line.

I'ear.

Xvt Juir>ii)igs.
J'rerious
Year.
Year.

^

Current

$

if

Cincinnati Dayton A Toledo Traction. b . July
51,637
Jime 1 to July 31....
98,133
Jan. 1 to July 31
284,958
Detroit United Ry.ii (all
properties) .a
J uly
452,677
Jan. 1 to July 31
2,464,165

60,525
91.110
261,563

25,496
48,225
119,227

27,427
47,436

377,400
2,183,628

201,465
996,464

164,755
931,986

268,975

23,'^,360

Jan. 1 to July 31.... 1,699.161
Milwaukee Light, Heat A
Traction Co.b ...July
49,382
Jan, 1 to July 31
229,038
Peek8klllLt.<SiRR...June
10,045

1,503,01)9

138,874
834,946

124,432
779,869

29,129
103.672
6,696
43.152
58,609
351,961
161,715
610,251
62,542
300,462

19,895
73,518
30,403
50,107
287.158
117,605
471.307
50,667
262,105

79,653
250,683

42,017
160,825

.

A

Milwaukee Eleo. Ry.
Light Co..b

July

38.669
187,016

July 1 to June 30....
106,767
86,795
Rochester Ry. Co.bJuly
114,784
99.205
Jan. 1 to July 31
716.120
626.625
Apr. 1 to June 30
336,234
253,678
July 1 to June 30... 1,299,125 1,014.890
United Tr. (Alb'y)b. July
145,268
139,679
Jan. 1 to July 31....
952,123
863,987
Utica A Mohawk Val. Ry.bApr. 1 to June 30
177,711
110.139
July 1 to June 30
619,064
417,248

a Net earnings here given

are after deducting taxes.

"n These earnings include the Detroit United Railway, Detroit A
Port Huron Shore Line and the Sandwich Windsor A Amheretbarg
Railway.
Interest Charges and Surplus.
.

omiea.

d Flgnres here are from July 1.
' mTheae earnings Include the Detroit United Ry., Detroit & Port
Huron Shore Line and the Sandwich Windsor A Ajnherstburg By.
r Theae figures are from Mar. 1 to June 80.
tPlgores for 1902 cover only the Olev. Elyria & Weatera Ry. Go.

—
Current

lieutals, etc.

7)1/..

—

Milwaukee Elec. Ry.
(3o
Jan. 1 to

-Bal. of Net Eam'gs.—^
Current
Previous.
Year.
Year,

Previous

Year,

Year.

$

Roads.
Oinclnnatl Dayton A Toledo Traction
July
June 1 to July 31
Jan. 1 to July 31
Detroit United Ry. n (all
properties)
July
Jan. 1 to July 31
Light

323,098 271,246 1.805.029 1,534,349
11,671 11,416
'92,886
20,859 16,784
116,676
23,526 20,411
103,373
82,992
56,823 42,936
269,903 19^.433
c58,474 C57,747c 457,419 c 435,292
11,687
6,420
62,947
68,482

Lehigh Val. Trao. Co.
May..
Street Ry. Dep
Electric Light Dep. May.,
Lexington Ry
May..

J'rerious

bNetearnlngshereglvenare before deducting taxes,

Intemat'l Tract. Co.

System

J
LVOL. JjAAVll.

ihe returns of

City Eleo.(Rome,Ga.) April

Cleveland Eleotrlo...
Cleve.&So. W. rr.Co
Cleve. Pains V. & E...
Dart. * Wport St.Ry
Detroit United Ry..ii
Dulnth-8up. Tract...
Eaet. Ohio Traction..
Elgin Aurora & Sou..
Harrlaburg Traction.
Havana Elec. Rr. Co.

>

,

$

16,083
32,163
111,965

16,379
b2,709

9,413
16,072
7,262

11,048
14,727

84,621
576,386

79,287
542,950

ni9,599
*446,534

*99,273
•416,958

75,383
499,828

67,939
457,541

*65,015
*343,181

•58,459
•331,230

15,438
93,618
4,297
27,816
25,896
178,933
126,109
381,929
25,382
174,950

9,691
63,602

•10,221
•9,948

24,857
173,464
74,238
302,588
28,866
166,646

*13,705
•15,083
1,399
15,937
"33,090
*176,056
*36,851
*238,638
*37,800
* 130,308

•25,615
•116,744
•47,776
•181,697
•27,331
•99,989

31,651
99,903

*41.325
•105,664

•11.818
•68,516

A

July
July 31....

Milwaukee Light, Heat A
Traction Co
July
JaiL 1 to July 81
Peeksklll Lt.
RR. June
July 1 to June 30

&

Rochester Ry. Co.— July
Jan. 1 to July 31
Apr. 1 to June 30
July 1 to June 30....
United Trac.(Alb'y) July
Jan. 1 to July 81
Utlci A Mohawk Val. Ry.—
Apr. I to June aO
39,163
July 1 to June 30....
148,028

Includes other Income.
earnings Include the Detroit United Ry., Detroit A Port
Huron Shore Line and the Sandwich Windsor A Amheretburg Ry.
*

n These

ANNUAL REPORTS.
Annual Beports.—The following

an index to all annual
steam railroads, street railways and miscellaneouB
oompanies which have been published since the last editions
of the Investors' and Street Railway Supplements.
This index does not include reports in to-day's Chboniolb.
is

reports of

RArLUOADS. Etc.—
Americ»n Glue (Btatem't May
American Thread
Calumet & Hecla Mining
Central Foundry
Clevs. Gin. Chic. & St. Louis

Page.
31). 298

Consolidated Latie Superior
EvHusville & Terre Haute
Illinois Brick (etatemeut June 80)
Montreal Llaht Heat St Power
Nasliv. Chat. & 8t. Louis
New Englanfi Bricls
Norfollc dt Western..
Pacific Mall Steamship
Peoria & Eastern

193
J93

247
29.i

103

296
296
194
296
248
2w6
248
2»6

Railroads, Etc.—
Page
Southern Indiana
St)6
Syracuse Ltsr. (official gtatement).. 218
Iron &Steel(»tatem'tJ'nel) 296
Union
Union Pacific
ji90
U. S. Realty & Oonetructlon (9
mos. ending June 30)
207
Virginia-Carolina Chemical
194

Street Railways—
Binghamton (N. Y.) Ry
Boston & Worcester
ance sheet July 1)

St.

247

Ry. (bal86

International Traction (Buffalo).. 296
Interurban St. Ry.. N. Y. (balance
sheet March 81)
83

Buffalo & Sasqaehanna Bailroad.
fFor the year ending June 30, 1903.
The income accounts of the Baff*lo & Suaqnehanna Railroad Company for the fiscal years ended June 30 (subject to
slight changes in 1902-03 upon fiaal auditing) are as follows:
1901-02.

1900-01.

$1,000,752
Gross earnings
568,293
Operating expenses and taxes...
Per cent of expenses to earnings. (56*68)

$835,748
478.479

$721,965
420,400

(57-25)

(58-23)

Net earnings
Other Income

$432,459
101,873

$357,269
37,672

$801,565

Total net Income
Fixed charges
Dividend on common stock
Dividend on preferred stock

9534.332
147,904
175,900
71,500

$391,941
149,725
176,900

$307,998
94,445
138,860

$139,028

$39,316

$74,698

1902-03.

Balance, surplus.
-V. 77, p. 298, 249.

6,428

:

1

August

THE CHRONICLE.

15, 1903.]

Baffalo Rochester & Pittsbargh Railway.
Report for the year ending June SO, 190SJ
C
The remarks of President Arthur Q. Yatea are given on
pages 353 and 354 of today's isaae.
The fignresof earnings, expenses, balance sheet, etc., have
been compiled for four years for the Chroni«le as follows:
OPEBATION8, KARSINOS AND EXPENSES.
oper.

Jane 80.

Xquipvient—
Locomotives
Paasenger oare

1900-01.

1899-00.

1900-01; net, |9,288,053, with $8,888,133; other income. $568,The operations of the Fitchburg RR. are
783, with $908,713.
included in the later three years, but not in the earliest year.
Operating expenses in 190203 include temporary increase in
(See V. 77, p. 297.)
coat of fuel of $1,192,696.

EABNINOS, EXPENSES, ETC.
1902-03.
1901-02.
190001.
S
$
ft

472

472

472

472
162
67

Net earnings...
Other Inoome

231
80
11,366

185
79

177
79

10,751

lO.O.SO

368

309

300

1,002,677
901.425
1,052,308
1,125.610
Pass, carried 1 mile. 40,048,853 41,512.964 34,360,229 23,454.694
2-125 ots.
2070 Ots.
2035 ots.
Rate per pass. p. m. 2 102 ots.
4,590,523
4,5^1,172
4,955,783
Tons of bit. coal car., 5,126,314
602,,')07
653,000
615.270
795,307
Tons of coke carried
6,771.047
6.641.744
6.934.359
7.873.900
Tot.fn8(alIfr't)car.,
129-3
136-16
146-4
145-6
AT.dl».hanl.l ton ra.
Freight (tons) 1 m.. 1146769406 101503-.i236 875,637,083 904,3,50.661
0-546 Ots.
0*466 ots.
0-505 Ots.
Rate per ton per m., 0-631 ots.
JSarninga
778.506
920,256
547.992
927,940
PMsenger
6,006.^67
4,430,048
5,362.553
6,466,488
Freight
18,920
14,177
9,775
10,076
Hlscellaneoas

7,404,604

Transportation
Malnt. of eqalpm't.
Malnt. of way, eto..

General

Taxes
Ext'dlnary&lmp'ts.

6,292,584

5,803,693

9,407,543
589,901

•9.288.052
*668,783

6,583.641

10.038.237
8,088,044

9,997,444
8,059,438

9,856,835
8,016,137

7,260,967
5.508,920

1,945,194
151,286

1,938,011

Sinking fnnd.

161,286

1,841,698
181,285

1,752,037
64,717

1,798,909
1,771,722

1,786,726
1,764,369

1,690.413
1,646,000

1,687,320
1,615,304
150,000

23,186

32,367

46,413

22,016

Balanoe
nivldendst
Contingent fnnd
Surplus.

2,558,128

2,121,874
835.267
534,642
140, -i21
102,000
39,562

1,877,422

3,773,666
2,619.018

8,409,032
2,894,661

3,0.28,082
(59*10)

102,000
138,269
3,129,880
1,863,207

(68-73)

(59-96)

20,662

48,233

694,546
670.836
134,373
102,000
29.866

2,539,680

2,421,587

1,883,255

724,049

731,478

691,258

664,421
18,900
303,114
21,717
308,708
421
(4)240,000

(6)360,000
(4)240,000

2,918,470
187,845

2,448,976
90,704

2,216,282
205,305

477.698
134,989

259

In addition to this surplus there was received from Investments
and "credited directly to profit and loss aooount" $600,000 In 1902-03
and $100,000 In 1801-02.
BALANCE SHEET JTTKE 30.
1900.
1903.
1902.
1901.

*

$

$

24,638,328
924,212
1,003,671
73,775
47,000
609,633
531,126
249,492
202,251

23,441.843
1,519,391
1,003,671
134,524
61,142
546,863
493,560
306.956
98,020

22,449,096

32,038,732

28,279,488

27,605,974

26,500,112

8,300.000
6,(00,000
9,999,000
3,642,000
304,000

6,000,000
6,000,000
10,999,000
2,579,000
304,000

6.000,000
e.OdO.ooo
10,629,000
2,033,000

154.487
1,220,003
87,743
210,231
2,121.270

146,087
666,424
45,333
176,289
1,863,349

1,389,868

6,000,000
6,000.000
10,629,000
1,159,000
304,000
370,000
134,682
614,032
78,992
25.843
1,184,563

32,038,732

28,279,488

27,606,974

26,500,112

Aitett—
$
Cost of road & equip 26,866,781
924,212
Cost of prop'i'y rds..
1,003.670
Investments
872,256
Cash
Bills receivable
35,000
728,539
Materials on hand ..
Agents & ooDdnotors.
578,731
855,425
Individuals & cos
Advances and mlec.
179,118
.

Total

-V.

1,519.3'»1

1,003,671

313,518
118,142
410.873
475,644
193,777
16,002

304,000
370,000
141,622
655,900
66,732
25,852

77, p. 249, 146,

6,086,268
3,997,748

Net earnings
Other inoome

2,341,7.^8

192,413

2,219,652
201,674

2,142,567
187,359

2,088,515
231,468

2,534,162

2,421,326

2,329,926

2,319,978

Interest on bonds, eto. ... 1 ,684,009

1 ,663,900

1,658,587
347,902

1,636,820
415,637
208,657
27,998

Total net Inoome
Dedrietion$—

350,104
269,817
26,714

Taxes

Colorado Springs & Cripple Creek District Ry. Co.
fStatement for fiscal year ending June SO, 1903.
The company's Auditor reports as follows:
Freight earns. ..$580,761
Passenger
283,056
Mall, exp., etc..
20,645
-$884,451

Total net inoome

Operating expenses

Misoellaneons
Sinking fund

416,750

Net earnings
.$467,700
Miscellaneous income...
$1,974
Surplus from operations

-V.

Gross earnings
Operating expenses

$43,957,373
28,120,527

$37,503,054
23,417,141

Neteamlngs

$15,836,845
1,286,812

$14,085,913
953,827

$12,109,375
933,425

$15,044,740 $13,042,800
•Fixed charges
$7,334,825 $7,305,835
For steamships
150,000
150,000
Dividends on common 8tock(5i«)4,647,500 (5) 3,250,000 (5) 3,250,000
Dividends on pref erred 8100k (4) 1,300,000 (4) 1,216,840 (4) 1,222,507
$17,123,658
$7,052,197
150,000

$3,973,960

$3,068,075

Interest

Taxes

Total charges

$469,674
186,071
14.281
21
44,222

$244,594
,$225,079

LoniSTille & Nashyille Railroad.
the year ending June SO, 1903. J
The results for 1902-03, compared with previous years,
were as follows
EABNINOS AND BXPBNSES.
1901-02.
190203.
190001.
1899-00.
$
$
$

CFor

Gross earnings
36.449,378
Operating expen's
excluding taxes. 23,970,813

80,712,357

28,022,207

27,742,379

20,902,438

18,233,034

18,603,406

Net earnings
11,478,568
Per cent of exp. to

9,809,819

9,789,173

9,188,973

(65 07)

(67-0 6)

earnlURB

Income

(6806)

(67*62)

from

invest., rents, <&o..

Total inoome

1,001,022

704,688

650,044

12,601,058

10,810,841

10,493,861

9,789,017

844.474
4,918,145
265,931
144,400
89,905
127,155

.

1,122,493

832,074
4,708,845
278,678
141,100
71,878
53,464

813,538
4,871,693
280,143

785,568
4,838,446
158,167
130,270
202,851
54,481
(4)2,112,000

Disbursements—
Taxes
(net)...

128,900
65,110
53,464

(5)3,000,000 (5)2,876,000 (5)2,695,000

Total dlsburs..
Balanoe, surplus..
-V. 77,p 86,89.

9,390,010
3,211,048

8,960,534
1,850,307

8,907,748
1,686,113

8,281,783
1,507,284

Seaboard Air Line Railway.
(Statement for the year ending June SO, 190S.J
The results for the last fiscal year compare as below:
1902-03.
..$12,156,923

190102.

549,600

$11,068,478
611,337

1900-01.
$10,426,279
502,772

$12,706,528
9,318,779

Gross from railways
Gross from water lines

$11,879,815
8.144,220

$10,929,051
8,120,361

$3,387,749
86,032

$3,436,595
35,958

$2,808,690
11,383

$3,473,781

$3,471,563

$2,820,073

$2,481,400
104,668
43.500
6,307
5,425

$2,481,400
110,901
43,500
6.570
8,925

$2,254,889
99,670
48,600
8,623
83,832

$2,641,300
$832,481

$2,651,296
$820,257

$2,490,414

$1,114,468
Total

*

Deduct—

76. p. 1245.

Dividends

1900-01.
$30,855,203
18,745,828

2i3,410
8,674

Balanoe. snrplns
203,606
122,940
201,353
130,966
on Ist pf. Incomes.. (6)200,000 (3)120,000 (5)200,000 (3 H) 130,000
— V. 77, p. 88.

oS. AN. A
Miscellaneous

1901-02.

350,104
269,471
14,911

Int.

•

190203.

Balanoe, Burplas

6,920,715
4,778,148

Interest

Canadian Pacific Railway.

Total net Inoome

7,750,691
8,531,039

Rents
Sink, fund

^Statement for the year ending June 30, 190S.J
The resnlts for the fiscal year were as follows:

Interest received

9.164,470
6,822,732

325,974

*

Miscellaneous
Profit andloss

Gross earnings
Operating expenses

1,557,281

Dividend on pref... (6)360,000
Dividend onoom...(4is)313,0D0

Total

1899 00.

Misoellaneons

9<i8,734

Liabilitie$—
Stock, common
Stock, preferred
Bonds (seeSUPP'T)...
Oar trusts
Real estate mtges
Bonds of proprl. rds.
Int. accrued not due.
Pay-rolls & vouch's..
Due to Indiv'sAooB..

1900 01.

Rentals

476,251
96.994
644,000

Total
Surplus'

190102.

19.938

18,900
473,726
52.087
600,278
33
(6)360,000
(2)120,000

proprietary roads
Rentals
Sinking fnnd
Special approp't'na.
Mlaoellaneous Int...

190203.

(62-67)

26,926

3.076,315

Total

Disbursements—
Int. on b'ds (Sc oar tr.
Interest on bonds of

Central of Georgia Railway Company.
CStatement for the year ended June 30, 1903.
The results for the fiscal year compare as follows:

1.632.302
650,743
496,691
102.972

988.524
532.744
153,011
102,000
42,016

677,316

t Includes 6 p. e. on preferred iu all the years and 7 p. o. on common.
See remarks above. ^ See remarks above.— V. 77, p. 297. 146.

4,992.147

4,876.422

Total

Net earnings
P. cop. eip to earns.
Other inoome

22,148,602
16,664,961

9,505,612
827,626

—

Expenses —

<tE

31,840,694 *30,806,837
22,433.161 21,.'il8,785

Total net
Fixed charges

Ope titiotis—
Passengers carried..

Total

1899 00.

8.868

413

PrelKht oars
Service oars

347

Gross earnings
33,738,984
Operating exponse8.^24, 233,372

1901-03.

1908-03.

Road

JJ

.

Inolndlng interest on land grant bonds.— V. 78, p. 1854.

Expenses and taxes

Bo8t(ii & Maine Railroad.
Net
Other Inoome
CStatement for the year ending June SO, 1903. J
In advance of the pamphlet report, the statement of reTotal Inoome
Dedutlionssnlts for 1902 03 has been isaned, which we compare with
previons years. The figures for the earliest year are as Interest on funded debt
Int. on equip, trust obligat'ns.
shown in annual report for that year; those for 1900-01 have Rentals
been revised by the company for purposes of comparison Dividend on guar, stocks
with later years, the earninga from elevators and stocfc yards Other deductions
being transferred from "other income" to "gross earn
Total deductions
ings."
The gross earnings as shown below, |30,808,837- Surplus
„
compare with $80,406,907, as given in the report for the yea, ^ -V. 77, p. 251, 197.
,

,

r

$329,669

—

J -

6

THE CHRONICLE.

348

Manhattan (Elevated) Kallvray.
CStatement for year ending June SO, 190S.J
President Belmont of the Interboroagh Rapid Transit Co.
qnoted as sajing

is

:

that the Manhattan lease Is proving suoh a suooesR.
eurplue over and above liberal expenditures In operation and the 7
per cent Kuaranteed In the le*8e for the current year will auioant to
over $1,000,000. enablin< the Intorboroush Company to oarry out the
intended Improvement In etatlouB. oare of struotnre and equipment,
and adopt every device within reach of its technical department.

A

It l8 gratifying

the years 1903 03 are as foUosvs, compared

The results for
Tvith prior years:
rear—

Paste ngers.

1903
1908
1901

246,f.S7,0i2

I

I

215,259,345
.190,045,741

The

I

I

Fear—

1S4.164,110
174,324,575
213,692,745

1901-02.

$

s>

1900
$

1899 00.
s

01.

10,665,911
5,518,585

9.416,888
5,263,230

9,133,673
5,232,620

Net earaingB.. 6,747,543
Other income
346,839

5,147.326
625,900

4,163,658
836,334

3,905,953
831,326

7,094,402
2.S20,859

5,773.136
2,699,671

6,000,042
2,677,706

4,737,278
2,707,765

Total

Fixed charges

Balance
DlvldendB

(631)3,546,000

Keault

—V.

2,322,335
2,029.513
3,073,465
(4)1.920,009 (4)1,920,000 (4)1,920,000

4,273,644
8ur.

8t vtds.- The company has so increased the quantity and reduced
output, that, being free from bonded debt, it Is well able
to inaintaluian Independent position, even in case It should have
to meet a period of adverse general conditions. With orders on our
books on July Ist engaelng our oap.iclty for several months, we teei.
tlieioost of its

Justified in

727,544 Bur.l, 163,455

looking oontidently into the future.

(S^aftt*.— Results for four years have been as follows:
1002-03.
1901-03.
1900-01.
1S99-00.
(12 mos.)
(12 mos.)
(12 mos.)
(14 mo«.)
Profits

4,123,500

3,260,077x1,034,248

6,684,101

566,622
158,827

1,097,358

Deduct—

Gro88:earnlng8... 12,208.337
Operating expen. 6,460,794

•

onlv $13,100.

have been as below given:

results for four years

1902 03.

'

Improved. All this has been accomplished in but a little m>>re than four
years without the acquisition of new capital and after the payment of
$5,694,353 in dividends.
The total shipments during that period (not including the transfers
of ore and other material to our own works) amo anted to $101,962,925, an average annual business of approximately $25,000,000, In
the transaction of which the losses from bad aooountB amounted to

Pattengers.

1900
1899
1892

[Vol. LXXVII.

Deprec'n, Impr'm'ts, etc.. 1,382,600
Depreo'n of material
Reserve for bad debts

1,011,245

893,014

50,000

Net profits
2,740,000 2.^48,832
Div.(7% per an.)onpf.Btk. 1,427,082 1,424,107

309.099
1.421,483

Surplus
Previous surplus

1,313.818
1,934,389

1,109,686

2,222,050

Total Burplus

3,248,207

1,934,391

1,109,666

824,725

8.643,729
1,421,679

ji.m^sS^ 2,222,050
2,222,050

X Aft«r deducting $256,196 for maintenance and repairs of plants
while idle during July, August and September, 1900.
y Deficit.
BALANCE SHEET JUNE

Bur.403,335 8ur.l09,613

77, p. 147.

SO.

1902.

1903.

1903.

1902.

lAaHVties-

New England
fFor

Cotton Yarn Co.

the year ending

June

£7, 1903, J

10.708,481 11.411,333
New construction. 6.0(^6.603 1,3S5,663
4,S6,81«
St'k In sundry cos.
168,200
Prod, oil prop's.
111,360
Pre-paid royalties
822,121
and insurance ..
301,967
Haw and finished
materials
4,614,7.19 3,0t«,650
Accts. ibiUs rec. 8,879.616 3,359.^16
Cash
857,496 1,125.186
.

The balance sheets of June
compare as below:
BALAKOE SHEETS JUNE
Jutif 27.

27, 1903,

$

*

^ood will,
13,264,123 13.817.867
etc
480.2M
Improvements
ri&.054
Material -raw. In
process aod flu.. 2,W8.705
Acc'tsi notes rec. 382.123
15.«50
514,2H1
Sl.OOO

Uonds In treasury,
(iosnold Mills stk.
Total

—V. 77.

3.450.655
483,o««
15.9S0
417.5»2

80 .000

buspeuae acc't

27,118
1"

AMD JUNE

45,S27

,8(J8,»64 18,681,22*

38, 1903,

28, 1902.

June

97.

1903.

iyi.2.

Plant,

Inveslmeuia
Caoh ..

and June

Juiif '^.

1»<3.

A»»et»—

37, 1903,

Liabilities
$
Preferred stock... 5.POO,0!)0
stock
5,000,000
First M. S% bonds.. B.PH.OOO
2,042,000
Notes payable
16,>-90
Accounts payable.

Common

—
—

Taxes
Int. due Auk. 1
Knd't on note. ...
I'roflt and loss
Improvem't acc't..

26,349
109,640
300.0UO
81,057

Subpeuse account.

26,121

Total.

$
$
stock
27.191.000 27,1B1,000
Preferred siook.. .20,416,900 20,366,«00

Common

Plants, etc

June

28,

1902.
$
5.000,000
6.000,000
5,523,000
2,632.600
183,463
21,«31
115,0b3

158.781
84.475
9,009

..17.868.861 18.081,221

p. 206, 119.

Repablic Iron & Steel Company.
Report for the 6 months ending June 30, 1903, and
f

results

for the full year.
President Alexia W. Thompson says in substance:
Qkneral Results.— The statement for the half-year gives evidence
of another pro'^perous period in the life of our corporation. The net
eaminfrs amount to $1,356,777. leavlnK asurpln; (after the payment of
$714,591 In dividends) of $342,186. The aooumalatcd surplus Is $3.
248.206. Liberal amounts were deducted from proflCA of the six
months on account of depreciation, both for all amounts expended for
reconsiruction. renewals and repairs and lor those set aside as an
extinguishment fund for ore and coal consumed out of our holdings,
and also for the value of the rolling mill recently dismantled.
The value of the Invencorles or r^w and liatf«h>>d ma'-jrlals waj
ascertained chiefly by actual weight and count, and by figuring values
Inevery Instance below the market. That the amoants are ^omawhat
larger than six months ago, Is solely due to an Increased stock of steel
billets necessitated by the temporary olowlag on July I of the steel
plant at Yunngstown tor the purpose of Installing two 10 ton, In place
of two 6 ton. converters, and a new 40-lnch train of rolls with new
reversing engines. In tho month of August our steel plant will resume
work wl h a capacity increased to 1,500 tons per day.
ADDITIONS, Etc.— Tne new work in the Birmingham district, together with the new steel plant, and the new continuous mills at
Youngstown, additional coke ovens,, the aoqalsitlon and development
of ore and coal properties, extraordinary replacements at rolling
mills and blast furnaces, etc.. etc., consumed the sum of $6,066,603,

shown in the balance-sheet as disbursed for "new oonstruotlon" during tuc laAt four years. Of this sum $1,918,325 has been expended in
the Birmingham district alone f )r the erection of our new No. 3
Pioneer furnace and of coke ovens, for the opening of ore and coal
mines, for several hundred new houses, for locomotives, railroad
tracks, switches, etc. The new blast furnace No. 3 produced during
the twelve months ending July 1, 1903. 80.202 toas of pig iron,
almost equal to the combined product of Pioneer furnaces Nos. 1 aod
2, and at much lower cost. Pioneer furnace No. 2 was blown out
April Ist, in order to Increase its capacity to that of No. 3. This work
is now completed and during the next few months Pioneer farnaoe
No. 1 will undergo the same change.
Under a favorable lea^e we have lately added to our holdings 1,000,000 tons of desirable ore, and. through the Oonnel svlUe Coke Co.
(the entire capital -took of wnleh Is owned), 1,200 acres of additional
ooklnv coal were acquired on favorable terms.
Baw Material -ttt-irtlng out with a Northern ore supply of only
2,500,000 tons, and with a coal supply of only 1.600,000 tons, the
company now ojmmands a supply of over 20,000,000 tons of the best
grades of Northern ore and of I4.o00,000 tons of CJonnellsvlUe ooklng
coal; suthoient for its Northern bUst furnaces, prodaclng 1,000 tons
of pig Iron per day for a neriod of thirty five years. A large proportion of these ore properties are hold in fee, and tha remainder under
very favorable leaee.^. or under term contracts. We are now mining
all onr requirements with the latest Improved mining machinery.
The company also owns in fee 1,868 acres of steam coal la the
Pittsbargh district, puffloleni to supply its works In the Valley district with steam coal for at lea^t forty years. In Alabama the ompany miaes all its co<i!, ore and limestone, owning a sufBoient acreage
of each almoft entirely In fee ta cover the requirements of its Southern plants for more than tlfty years; It mauufacture-t all of ltd coke
from a battery of 910 ovens, located at its furnaces. Being so amply
provided with raw materials further expenditures In this direction
appear to be unne3eegary f'>r a long time to come.
Pkoddctive CAi'ACixr.— In addition the company has increased its
productive capacity by the erection of a steel plant, modern oontlnuOOB mills and a new blast furnace in the 8outh. and by improving Its
other bast furnaces from 400,000 to 600,000 tons annually. Of tha
original twenty eight rolling mills, five have been dismantled and
the value thereof, less the salvage, written oS to proUt and loss,
while the rolling mlUs wtiioh we are operating h we bjen generally

.

Bills

'

Total

-V,

and accounts

payable
1,931,560
Div. paid July 1...
357,296
Due on coal lands
Rpsprve for dep'n.
201.831
Res' re for tax, &o.
111,379
Reserve for possible losses
68,001
Protlt and loss .... 3,81H,2.

.

Total

58,559,570 53,812,572

3,636,323
358,24<5

148,000
120,880
6;),83t

1,931,889

66,559,570 53,812,572

76, p. 977.

GENERAL INVESTMENT NEWS.
RAIliROADS. INCLUDING STREET S0AD8.
Alton (111.) Light & Traction Co.— Consolidation.— Oa
the 30th of July, 1903, the Alton Railway Gas & Electric Co.
and Alton & East Alton Railway & Power Co. were consolidated under name of " Alton Light & Traction Company;" authorized capital, 11,000,000; preferred stock issued,
common stock issued, $150,000, Joseph F. Porter

$500,000;
is

President.
Altiin (111.) Railway,

&

Gas & Electric Co.— See Alton Light

Traction Co. above.— V. 75,

p. 548.

Altooua & Beech Creek Terminal RR.— SoM.— This property was sold by the United States Marshal at Hollldaysburg,
Pa on Aug. 14 to J. Williamson Thatcher of New York City,
for a sum stated as $75,— V. 73, p. 137.
Ashland <& Ironton Bridge Co.— il/origage.—A mortgage
has been tiled to the North American Trust Co., as trustee,
,

to secure $1,200,000 of 40-year 5% gold bonds, to cover the proposed bridge between Ironton, O., and Ashland, Ky. The
bonds are for |l,003 each and are dated Aug. 1, 19J3, and
are due Aug. 1, 1948, but are subject to call at compa y's
option in any amount at 105 and interest; no sinking fund.
The interest is payable February 1 and August 1. A. R.
Johnson and E, W. Bixby of Ironton are, respectively, President and Secretary. This is thfl consolidated company inKentucky Bridge Co. in last
correctly called the Ashland
week's Chronicle (V. 77, p. 297). -V. 72, p. 1053.

&

Buffalo & Sasqaehanaa RK,— Bonds.— The New York
Stock Exchange has listed $280,000 additional first mortgage
refunding bonds, making ttie total listed |3 309,000.
Earnings.— See statement on page 346.— V. 77, p. 249.
Canadian Pacific Ry. Dividend.— The directors on Monday declared a semi-annual dividend of 8 per cent on the
common stock, contrasting with 2}^ per cent, which has been
the rate paid regularly since April, 1901.
Earnings, Sae statement on page 347.
Di'-ectors.—Tbe board has been enlarged from ten to fifteen members by the addition of Robert Mackay, George A.
Drummond, David McNicoU and R. G. Reid, all of Montreal, aod Clarence W. Mackay of New York, son of the
late John W. Maokay.— V. 76, p. 1854.
Carolina & Northwestern Hy.— Mortgage.— Th\B company
has made a mortgage to the Standard Trust Co. of New York
City, as trustee, to secure $2,500,000 of first mortgage 5 p. c.
gold bonds dated July 1, 1903, and due July 1, 1953, without
option of earlier redemption; interest payable Jan. 1 and
July 1. Of the authorized i^'sne, $1,500,00') bonds were usad
to retire all underlying bonds and $1,000,000 are applicable
to extensions, new equipment, etc. There are outstanding
The
$859,650 common stock and $550,000 preferred stock.
coTipany has close traffio relations with the Southern Ry. Co.
V. 76, p. 541.
Cealral of Georgia Railway.— Dividend on First Incomes
Increased.— A dividend of 5 p. c. has been declared on the
$4,000,000 of first incomes, contrasting with only 8 p. c. in
1902, with 5 p. c. in 19J1, S}i p. c. in 1900 and 2 p. c. each in

—

—

—

1899 and 1898.

Earnings.— Bee statement on page 347.— V.

77, p. 88.

—
August

:

THK CHRONICLB.

15, 1903.]

Chicago & Alton Kj.-Called Bonds.— The following Missiseippi River Bridge Co. bonds, viz. No3., 13, 32, 159, 160,
207, 322, 296, 310, 377, 435, 458. 564, 595. 670 and 692, hav*^
been called for redemption Oct. 1, 1903, at the office, No. 120

Broadway.— V.

76, p. 864.

Chicago Cincinnati & LoulSTlUe RR.-«iVeu» Mortgage.—
This oonipanv recently made a moit^age to f eoare an issue of
4K p. c. bonds of $1,000 each, dated July 1, 19U3, and due
July 1, 1953, with interest payable semi-annually in January
and in July. A fall description of tbe cew issno has not
come to hand, but the mortgage, it is known, reserves sufflciectof the 43^8 to take up at or before maturity all the
eziating divisional bonds (5 per cents aggregating $t,0«0,000
or more) and authorizes the sale of additional brnds for completing the road and making improvemeuts, additions, etc.
Equipment Trusts.— An equipment traat agreemnnt has
teen made with the American Loan & Trust Co. of Boston,
as trustee, covering ten consolidation engines, ten ten-wheel
engines, 200 thirty-six foot cars and sundry work cars and
nnloading machines. This agreement secures, it is stated,
$800,000 of 5 p. c. equipment trust certificates maturing in
annual instalments up to Jnne, 1913.—V. 77, p. 249.
Chicago Oreat West era By. —Favorable Decidonin Omaha
Bridge ^^«i^— Judge Munger of the United States Court at
Omaha on A( g. 11 granted the company a mandatory Injunction to restrain the Union Pac. RR. Co, from preventing
the Chicago Great Wes em from using the Union Pacific
bridge ncross the Mississippi River at Omaha and the terminal facilities in Omaha and South Omaha. An Act of
Congress provided that the bridge (constructed by the
Omaha Bridge Co.) should be an open one for all railroads
upon the payment of reasonable comiensation. Judge Hunger has granted the Union PaciSc RR. Co. permission to ap
peal from his decision, but authorizes the Great Western
(pending the appeal) to use the bridge and terminals.
iZumors.— Negotiations for the sale of the road are stated
to have been resumed.— V. 77, p. 195.
St. Paul By.— iVo Need of New
Chicago Milwaukee
Securities.— Director William Rockefeller, who is supposed
to be also one of the largest stockholders, is quoted as saying:
The rnmor that the oompany proposes to issue new securities In
order to finance eome operitlon is absolutely untrue. The company

&

349

¥400,000 sold out here. We could have disposed of them but the terma
did not suit and we thought It best to hold them and build the road
and let outsiders see what we have got. The big bore through the
range will be constructed gradually. Work will be began from both
ends about the same time. We are bnlldini: a switchback first In order
to gel In the materials, and that will he finished across the ninge and
down to the FrHser before snow files. I'hat will liAve to be done
because It woahl be Impossible to do much work In the winter months.
We have got along well so far and have made no mistakes that I
know of. The men who have had charge of the work have stood by
me well and have overcome every obstacle. While there might have
been opposition at the start, I am glad to say that it has been abandoned. The Harrlman people and ihe Gould people have assured us
they will plaee uo obstacle in the way. I have entered Into no "entangling alliances" and the road will remain independent.— V. 77,
p.

H6.

Doyiestown & Easton (Pa.) Street Rj.— Name Changed.—
This company has changed Its name to the ''Philadelphia &
Easton Railway Co."— V. 76, p. 541.
Gaif & Ship Island RR.— Listed.— The New York Stock
Exchange has listed $L,GG0,0Q0 addition>il first refunding and
terminal mortgage 5 p. o. bonds of 1952, making the total
See V. 77, p. 250, 88.
Neto Southern Resort.— Tha Great Southern Hotel, one of
the enterprises of Capt. J. T. Jone?, the Buffalo millionaire,
who is the President and leading stockholder of the Gulf
Ship Island RR., and who is said to be " spending something
like t;3,000,000 to make Gulf port a city," was formally opened
to the public during the last week in July. The hotel contains about 250 rooms and is intended to attract Northern as
well as Southern patronage.— V. 77, p. 250, 88.
listed ?4,691,000.

&

HaliTax & Southwestern Rj.— Construction.— An officer
writing to the "Railroad Gazette" says In substance:
Of the 200 miles of this road which Is under construction from
Halifax southwesterly along the Atlantic coast to Barricgton,
through the towns of Mahone Bay, Brldgewater and Liverpool, 26
miles of track have been laid on the Caledonia branch and the main
line
The work is difficult. Maximum grade, 1'5 per cent, with a
curvature of 7 deg. About twenty steel bridges will have to be
bullt.-V. 77,

p.

298.

Hampton Roads Ry. &
Second Mortgage.

Electric Co.,

Newport News, Va.—

— A second mortgage for

$300,000 has been

made to the Colonial Trust Co. of Philadelphia, as trustee.
The company has 31 miles of trolley line, which was previously mortgaged to secure $750,000 of 5 p. c. first mortgage
bonds. Capital stock, authorized and issued $500,000. President, W. J. Nelms, Newport News.— V. 76, p. 1248.
Henderson Bridge Co.— Called Bonrfs.— Thirty-four ($34,fOO) first mortgage bonds called for pavment will be redeemed by the Central Trust Co. of New York on Sept. 1 at

ample funds for Its present purposes, having on deposit very large
amounts in dttferent trust companies.
At the time the new stock [$25,000,000] was authorized, its^uthorlzatlon was for a speoiflo ohjeot connected with posslDlliiles growing
out of some threats of competitors. These threats have not material105.-V. 75, p. 343.
ized, 30 that there Is no need of Issuing the stock.
is believed by some to cocfirm their underThis statement
Hadson Yalley Railway Co.— Lease Ratified. The sharestanding that the object of the St. Paul in increasing its holders ratified on Aug. 11 the lease of the property and
authorized issue of common stock last October was to force franchises of the North River Railway Co. See V. 76, p. 1030.
Bonds. The State Railroad Commission has authorized
the Union Pacific, under threat of building to the Pacific
Coast, to make the satisfactory agreement subsequently en- the North River Ry. Co. to increase its capital from $180,000
tered into for trackage rights for St. Paul trains, both to $300,OCO, and to issue a mortgage of $500,000, of which
passenger and freight, to San Francisco.—V. 76, p. 1191.
$200,000 is to be available for immediate use.— V. 76, p. 1030.
Chicago Union Traction Co.— Receivership Suits.— 3ee
Interborongh Rapid Transit Co., New York City.— Pi-eNorth Chicago Street RR. below.— V. 77, p. 249, 195.
cautions Against Accidents. In view of the shocking acciCoaholla & Paciflc Ry. Receivers. At Trenton, N. J., on dent on tbe underground road in Paris, Vice-President E. P.
Aug. 10, Vice Chancellor Pitney appointed John W. Harden Bryan made on Tuesday a statement explaining the precauburg of Jersey City and Lucian D. Ross of New York tem- tions taken to render the cars of the Interborongh Company
porary receivers of the company on the application of J. J, incombustible (see " New York Times " of Wednesday).
The liabilities esceed |300,- President Belmont adds
Detwiller of Jersey City.
There Is absolutely no possibility of a repetition of the Paris disasThe company
OOO, in addition to the mortgage of $3,5OO,C00.
subway, and
Bryan
received a subsidy of $750,000 from the State of Coahuila. ter In our Also, I want I Indorse everything Mr.that in has said on the
subject.
to emphasize the fact
the New York
The contract price for building the road was $3,238,000 and suDway, methods have been adopted to Insure the free clronlation of
Both on account of the better circulation and the fact that part
extra work and materials cost $253,000 additional. Mr. Det- air.
willer states that the road is practically without funds and of the New York system Is an elevated structure, there will be a symphonlng of air In the tunnel by moving trains which will make the
has been unable to make satisfactory traffic arrangements conditions here far better than In the Paris subway.
The temporary receivers
with connecting trunk lines.
Besides this the entrances and exits of the New York subway staare authorized to borrow $50,000 pending a hearing of the tions are open. Those of Paris are provided wUh self-closing doors.
and ancase on September 14.
Of the 15,000 shares of capital The system here, moreover, has one plant to generate powerstations.
other to generate electricity for lighting the subway and
stock, 7,600 shares are held by Lucy R. Squier, who con
In Paris the lights
the tunnel went out, and this added greatly to
sented to the appointment of receivers. The coupons on the the loss of life.
bonds due Feb. Ist, 1903, were paid, but those due Aug. Ist,
Profit on Lease,— See Manhattan Railway under "Annual
1903, have not been paid, the company having decided to Reports."— V. 77, p. 298.
take advantage of the ninety-day clause in the mortgage.
Irouton & Kentucky Bridge Co.— See
sbland
Ironton
V. 75, p. 1086.
Bridge Co. above.— V. 72, p. 282.
Connerticat Railway & Lighting Co.—End of Waterbury
Knoxville & Ohio RR.— Meeting.— The shareholders will
Strike.— The Waterbury trolley strike, which was begun last vote 0:t. 7
(1) on a proposition to create a first consolidated
January, terminated in a compromise on Aug. 9. The com- mortgage for
$3,000,000; (2) on a proposition to acquire by
pany absolutely refused to re-instate two of the three men purchase the property and franchises of the Tennessee Northwhose discharge precipitated the trouble. (See "New York ern Ry. Co. Compare V.
77, p. 298.
Sun" of Aug. 10 ) About thirty men took part in the strike.
Lincoln (111.) Street Car & Heating Co.— Incorporated.—
—V. 77, p. 146.
This company has been incorporated in New Jersey with
Camherland & Ohio RR.— ^oW.—The Louisville &: Nash- $110,000 of authorized capital stock, and will succeed, no
ville RR. Co. at public auction in Lebanon, Ky., on Aug. 3,
doubt, to the property of the Lincoln (III.) Street Car Co. Inpurchased the southern division of this road, extending corporators: Louis B. Dailey, Warren N. Akers and H. O,
from Lebanon to Greensburg, Ky., 31 miles, for $450,000.— Coughlan.
V. 77, p. 88.
LonisTille & Nashville RR.— Purchase.— See Cumberland
Dayton Springfleld & Urbana Electric Uj.— Increased
Ohio RR. above.— V. 77, p. 89. 86.
Dividend.— A quarterly dividend of l}4 per cent has been
LoaisTille & New Albany Traction Co.— Subsidiary Comdeclared on the preferred stock, payable Aug. 15. Previous
payments in 1903 were l}^ per cent May 15 and 1 per cent pRny. This company was incorporated in Indiana on June
17 with $3,000,000 of authorized capital stock to construct exFeb. 15.— V. 76, p. 1029.
Electric Co. of New Albany
tensions for the United Gas
Denver Northwestern & Paciflc Rj.— Bonds— Progress.— & Jeffersonville. The directors of the new company are :
Regarding the construction cf this new line from Denver to
James W. Dunbar of New Albany; J. F. Stratton of JefferSalt Lake, about 500 miles, President David H. Moffatt is
son ville; Samuel Insull and J. O. English. See Louisville
quoted as saying:
Southern Indiana Traction Co. below.
The trouble In Wall St. did not affect us In the least. We have all the
Lonisvilfe & Southern Indiana Traction Co.— O^cer*.—
money wo want and are paying our bills as we go along. We have a
syndicate that holds the bonds, with the exception of $300,000 or
This company, organized as euccessor of the Southern Interhafl

—

—

—

—

m

A

&

&

—

&

&

—
by the United Gas & Electric
Samuel Insull, Chicigo,
President
R. W. Waite, New Albany, Vice-President and
With
Treasurer
J. O. English, New Albany. Secretary.
reference to the plans of the United Qis & liilecttio inter-

urban Ry. Co. (V.
Co., has elected

75, p. 1401)

offi

ers as follows

:

;

;

the "Loaisville Courier- Journal" says
New Albany to Paolt. French Llok and Wast Baden
SprinKS, traverslni; the ooautles of Floytl, Wi»»hlngton, Harrison and
Oranire. will be constraoted next yettr. and within twelve months It Is
believed that the line to Copydon, Wyandotte Oave and Leavenworth,
wUh Us branches, will be In operation.
ests,

A

:

road from

North Chicago Street RR.—Sfttf.— Bondholders of this
company and also of the West Chicago St, RR. applied to the
Superior Court at Chicago on Aug. 15 for the appointment of
receivers for their respective corporations, on the grounci
that the action in the United States Court against the
Chicago Unioa Traction Co. and the two subsidiary companies will not afford proper protection to the creciitors of
the two lessor compani^. The petitioners against the West
Chicago company are Adolph Nathan and Max Kolliner.
The bill against the North Chicago was filed by Walter C.
Fifield.

Mexican Central Kailyr ay,— Exchange of Income Bonds.—
Proposed New Leases.— See Chicago Union Traction Co. in
Holders of the first coDsor.dated 3 p. c. income bonds of 1889, V. 77, p. 249, 195,—Y. 70, p. 1195.
second consolidated 3 p. c, income bonds of 1889 and registPeekskiil (N. T.) Lighting & Un. Co.—Earnings.—The
ered income bonds of 1881 are notified by advertisement on
company reports as follows for the years ending June 30th,
another page that the company, acting through Ladenburg,
Thalmann & Co., 25 Bro^d St., will exchange the above in- 1903 and 1903, respectively
Fiscal
Gross
Op. Exp.
S'et
Interest
Other
Balance,
come bonds on the following basis, provided an amount year.
eantinos. and taxes, earnings,
company be deposited, viz.: There 1902-3... $106,757 $63,605 $43,152 on ist M. inltrest. surphis.
thereof satisfactory to the
$15,937
$25,000 $2,215
:

will

be authorized an issue of debenture certificates as fol-

1901-2...

56,392

86,795

30,403

lows:

-»V.

Fite-year gold eoUaiernl trtitt debenture cerlifleatea due Oct. 1, 1908,
bei^rlus; interest from Oot 1, 190:^, payable semi annually ( vprll i
and Uot. 1) at the rate of 3 p. c. per annum for three years and at
the rate of 4 p. c. per annum for two rears thereafter, and redeemable at the option of the railway company on any Interest date at
par on thirty days' notice. These debenture oertlfloates will be seoared (subject to the rl^jht of substitution below set forth) by the
Uicome bonds deposited under this offer, the latter to be held by the
trust company named as trustee (which not determined, probably the Equitable Trust Oo.). subject to the provisions ot a ooUat
eral trust axreenient, to be approved as to form by LadenburK. Thalmann A'Co.. and as to legality by their oouasel. Said debenture certificates will be Issuable, we are ioformed, only In excbanee and
hence In no case will exceed In the aggregate
$3,360,470

Philadelphia & Easton Railway Co.— See Doylestown &
Easton Street Ry. Co. above.
Plttsbnrs; h Johnstown Ebensharg & Easter o RR.— SaJe of
Leased Line,— See Altoona & Beech Creek Terminal RR.

Holders of the existing income bonds
receive in debenture certificates:
Ex\*ting income»ptr

Total

-7/1

$l,00o principal.
issued.
First consolidated Incomes.. $i0,563.400
Second coosoUdated Incomes 11,282,000
Registered incomes
367,200
Total

(if

deposited)

will

debenture certiflcatet.—^

Receives.

Total.

$230

$4,72^,582
1,579,480
51.408

140
140

$32,212,600

$6,360,470

Each depositing bondholder authorizes the railway company at its election, to exchange and substitute bonds of the
railway company of other existing classes, for second consolidated income and registered income bonds when deposited
under the collateral trust agreement upon such a ratio of exchange as Ladenburg, Thalmann & Co. may approve. Del)e issued only in the denomination
Non-interest bearing scrip will be issued for
fraotional^amounts, convertible on or before Jan, 1, 1904, into
debenture certificates when amounts suffioent to make a
whole debenture certificate are presented for exchange.
Application will be made in due time to list the debenture
certificates on the New York Stock Exchange.
Any holder of the above bonds desiring to accept this offer
must deposit his bonds on or before Sept. 4 to the order of
Ladenburg, Thalmann
Co., with one of the following:
Equitable Tmst Oo. of New York, 25 Nassau 3t., New York Olty, or
Old Colony Trust Co., Boston, or

benture certificates will
of $100 each.

&

Mississippi Valley Trust Co., St. Louis, or

Henry Schroder

14^ Leadenbail St., London, £. C, England.
Each depositor will receive a deposit receipt, transferable
by delivery, entitling the holder, on the surrender thereof, at
BUih date as the railway may fix by newspaper notice
published in New York, Boston, St, Louis and London, to the
delivery of debenture certificates as hereinabove provided
for, or temporary certificates therefor, or at the option of the
railway compa y, to the return of the securities represented
by said deposit receipt.
Alliance. See Seaboard Air Line Ry, below.
Stock Piircha$e. It was rumored last week that the purchase of stock in this company by Spayer
Co. and Kuhn,
Loeb
Co. was for account of the Mexican Government.
This report, It is stated, is now current in high financial circles in Mexico, the onrchase including, it is said, 100,000
J.

—

<&

Co.,

—

&

&

shares.— V.

77, p. 299, 250.

Negannee & Ishpemin? Street By. & Electric.— Purchase.

—A press despatch to the "Milwaukee
"A

Sentinel" on July 29

was practically closed today whereby Milwaukee and Oshkosh capitalists secured control of the majority of the st03k of this company. The price was $15 a
said:

deal

share, aggregating about $100,000. It la the intention of the
new purchasers to extend the street car system to Marquette."
The new officers are: President, Q. A. Rockwell; Secretary
and Treasurer, A. B. Mine. Plans for the future will not be
worked out for some time.

75, p, 78.

above.— V. 77, p. 197.
Reading Compauy.— Advance and Activity of Shares,
The dealings in the company's common stock on the New
York Stock Exchange this week have aggregated in face
value of thecertifi:;ates $27,631,750 and the price for the same
has advanced from 453^ to 57^. Namerous rumors have

—

been put afloat to assist in this movement or explain its
cause.
The best opinion is that speculative manipulation has been the principal inflaeace at work, and that it has
probably been aided by purchases at the recent low prices of
additional stock by the Pennsylvania RR,-Vanderbilt interests, these Interests, it is currently asserted, now holding a
clear majority of the entire share capital.
The "Philadelphia News Bareau" is authority for the
statement that prior to their late ourchases the PennsylvaniaVauderbilt party lacked only 398,000 shares of a full ma($50) shares, their holdings, it is
j jrity of the 2,798,000
claimed, having embraced $15,100,000 of the $69,900,000 common, $12,150,000 of the $28,000,000 first preferred and $27,900,000 of the $42,000,000 second preferred.— V. 77, p. 148, 88.

Reading Lancaster & Soathern R&.—MortgaDe.—A. mortgage has been filed with the Mercantile Trust Co. of this
city, as trustee, to secure $2,300,000 of $1,000 5 per cent 40year gold bonds, to cover a proposed road from Reading,
Pa,, to Baltimore, Md.
Isaaa Spatz of Mohnsville is Presi-

dent and Sydney C. Long of Baltimore, Secretary.
dent Spatz is quoted as saying

Presi-

:

We expect to start construction perhaps this fall. From Reading to
the vicinity of Terre Hill tbe line will praotloally occupy the route of
the old Reading Lancaster <fe Baltimore road
From Terre HIU a new
route will be used. The road will save .^0 miles from the coal regions
to BdltliQore. At botb Reading and Baltimore the new line will have
Important connections.
Rock Island Company.— .^.cgwisif ion. —See Seaboard Air
Line Ry. below.
Projected Line. See St. Louis Brownsville & Mexico Ry.

—

below.— V.

77, p. 299, 251.

Loals Browasfille & Kexico Rf.— Increase of Stock,
shareholders will vote Sept. 23 on increasing the capital stock from $1,000,000 to $3,850,000, and on amending the
charter to provide for the extensions of the main line below
St.

—The

described, as follows:
Miles,

placed under contract to be built from
BrowasviUe, Tex , opposite Matamoras, Mex , on the National
160
ER. of Mexico, northerly to Slnton, in S*n Patricio County
Proposed extension from a point near Slntou, north easterly to
....200
Houston, Tex., about
40
Branch from Chenango. Brazoria County, to GalvO'itou
Branch from KlngvlUe, Nueoi^s County, southwesterly into Hidalgo

Main

line recently

60
County
It is said to be the intention ultimately to extend the road
from Brownsville south to the port of Tamplco, Mexico, and
thence to the City of Mexico.
Among the directors are reported the following:
Colonel Uriah Lott, the President, promoter of the line; Judge James
B. Wells, Congressman Rudolph J. Kleberg, Captain Joha O. Kennedy and Robert Driscoll.
San Francisco,
B, F. Yoakum, President of the St. Louis
is taking an active interest in the project, and J B. Hinckley, chief construction engineer of the 'Frisco, lately went
over the projected line. While it is denied that the St.
Louis & San Francisco is directly concerned in the undertaking, a St. Louis syndicate (represented, it i-i said, by the
St. Louis Union Trust Co.) is stated to ba providing the necessary funds. As to another proposed line to Brownsville,

&

New York Central & Hudson Hirer KR.— Contract Signed.
—Contracts aggregating, it is said, $5,000,000, were signed
Monday with the O'Ronrke Engineering Construction Co.
for the depression of the tracks in this city from 57ch St. eea San Antonio & Aransas Pass Ry. in V. 77, p. 148, 9).
south so as to open all the cross streets at grade, the main
St. Louis El Reno& Western Ry.— Mortgage.— The comtracks to be about twenty feet below the present level and pany has filed a mortgage for $1,200,000 to tbe Illinois Trust
bftlow them another set of tracks for suburban traffic.
Co. of East St. Louis, as trustee, to cover the cost of building
and equiping the proposed line from Guthrie to El Reno, 63
V. 77, p. 89.
in January, 19j3, and in
Neff York ie Queen? Coanty Ry.— Director*.- The new miles. The company was chartered
June increased its authorized issue of capital stock from
owners have elected the following board, but for whose
$100,000 to $1,400,000. C. C. Nelson, of Fort Scott, Kan., is
account the purchase was made is not yet positively known:
Arthur Turnbull, 38 Wall St President; K.T. Ferine, 55 Cedar St.,
Secretary and Treasurer; J. J. Kollios, 32 Nastan St.. Calvert Brewer
and W.C. f vlson, U. 8. Mortgage -^t Trust Co W. K. Manctiews, 3S Wall
8t; A. J. E las, 20 Broad St.; V. P. Synder, President of Western
Natloaal Bank, all of Manhattan, and Francis Biwle, of Philadelphia.

President,

,

;

—V.

77, p. 299.

St. Loals & San Fraaclsco RR.—Acq'iisition,—8ee Seaboard Air Line Ry. below.
Projected Line.— Sde St. Louis Brownsville & M-jxico Ry.
below.— V. 77, p. 261, 197.

—
August

—

THE ohkoniclb:

15, 1903.]

Saa Antonio & Aransas Pass Ry.— As
St.

per dent line to Brownsville, see

to proposed indeLouis Brownsville &

351

tures (interest payable if earned) being $80 yearly for the
funded interest from January, 1903, to July, 1909, both inclusive (seven years), and $20 for the July, 19C2, coupon
which was canceled. V. 75, p. 795.

Mexico Ry. above and compare V. 77, p. 148, 90.
Seaboard Air Line Ry Large Interest Acquired for Rock
Ameriran Automatic Weighing Machine Co.— Sale RatiIsland -'Frif CO System.— A large, if nota coutroUing, interest
acquired by interests represented lied. —The shareholders at a meeting in London July 30 ratiin this company has been
by B. F. Yoakum. President of the St. Louis & San Francisco fied the distribution in specie of the purchase consideration
RR. Co.. H. Clay Pierce, a leading factor in the Mexican to be received under the agreement for sale of the undertakWeighing Machine Co. o£
Central Ry. Co., and Oableigh Thome of the North American ing to the National Automatic
Yoakum is director. The stock ac- New York (see V. 77, p. 254) as follows:
Trust Co., of which Mr.
quired includes,

it

is

understood, the holdings of certain

Southern shareholders who, because of the money stringency,
could not conveniently meet the maturing loans for which
the shares were pledged. The following announcement was
made on Wednesday afternoon:
LadenburK, Thilinann A) Oo. annoanoo that they have oorapleted
negotutlona whereby new and Important Interests have become IdentlUed wlih the Seaboard Air Line Railway.
B. P. Yoaknm and H. Clay Pleroe, B. S. Oulnnese of Ladenhury,
Thalinann & Co., and Oakl«lgh Thorne, President "t the Noir.h ^American Trust Co., have been eWoted voting trustees of the Seaboard Air
Line Rallwtiy.

The other votlne trustees are:
John Skelton Williams. James H. Dooley, O. Sidney Shepard and
William A. vlarburg. [Mr Hhepard. It Is understood, Is pledged to aot
with the four n«w members, the Uook Island 'Frisco represeutatlves,
In any measures HlIrto'inK the policy to be pursued In future by the

Seaboard Air Line system.— Ed ]
President John Skelton Williams announces that B. P. Yoakum, H.
Clajr Pleroe, B. S. Guinness, Oaklelarh Thorne and F. B. Van Vorst
have been elected directors of the Seaboard Air Line Sallway.

The other directors are:
John Skelton Williams. James H. Dooley of Richmond. J. William
Mlddendorf of B*lMmore. O Sidney ShepHrd of New Haven. Ernst
Thalmann of New York, William A. Marburg of Baltimore. Oeorge W.
W»tt8 of Durham, N. C, and James M. Barr of NorfoiK, Va.
The directors who retired were R. B. Addison of Richmond, W, W. Mackall of Savannah, R C. Dividson of Baltimore and F. H. Pemberton of New York.
President John Skelton Williams says:
The report that the Southern Railway Interests have acquired an
Interest in the St^abnard Air Hoe system l8 laoorr^oc. Me.-<8r8 Pierce
San Frauolscoand Y'oakum are closely Identified with the St. Louis
Bock Island system, and It Is reasonable to snpp ise that thl.s latter
system and the Seaboard Air Line system will hereafter be operated
In thorouiih harmony and to their mutual aflvantai<e. Through this
association the Rook Island system will be furnished with dlreot outlets at seven seaports oa the Atlantic Ocean and the Qulf of Mexico,
Including Baltimore, Norfolk, Va ; Wilmington, N. C; Savannah, Ga.;
Femandlna. Jacksonville and Tampa, Fla. The situation is eminently satisfactory to me, the arrangements having been carried
through with my cordial co-operation.

&

(I) Holders of the iil35.000 of 6 p. o. cumulative preferred to receive a like nominal amount of fully paid-up debentures or fully paidup preference snares of the American company to which the liquidators are entitled at the fixed rate of $5 per .£1 sterling. (2) Holders of
the £135,<'00 ordinary stock to receive an equivalent number of fuUypalrt ordinary $5 shares of the American company.— V. 69. p. 1104.

Amerl(an Bicycle Co.— Saie of Connecticut Properties.—
The several pieces of property in Connecticut title to which
w.i8 not vested in the American Cycle Mfg. Co. were sold at
A lot on Capitol Av., Hartreceiver's sale on August 11.
ford, and the building in Thomasville, the latter property
occupied by the United States Qraphotype Co., were bid in
by the Pope Manufacturing Co., for $10,000 and $15,000
respectively. The building of the former Hartford Cycle
Co., which for some time has been occupied by the Underwood Typewriter Co., was bid in by that company for
$l5n,o^O.

Out of Receiver's Hianrfs.— Judge Kirkpatrick at Trenton,
N. J., on July 29 ordered the receivers of the American
Cycle Manufacturing Co. to turn over to the latter company
The Pope Manufacturall its property except cash in hand.
ing Co. has acquired all the shares of the capital stock of
the American Company. V. 76, p. 1303.
American Shipbailding Co.— -S^a^w*.— Touching the rumor
that the directors at their meeting in October will not continue the paym*^nt of dividends, begun a year ago, on the
common stock, President W. L. Brown is quoted hs saying:
The earnings are amply satisfactory and there Is good reason to
believe that they will be the best in the history of the company. With
a surplus on hand of considerably more than $3,000,000, It is highly

—

probable that the directors In October will order the disbursement of
the money already earned, as was done last October. If this year's
earnings fall oS sufilclently to warrant the suspension of dividends,
the fact will not be otliclally known until a year from next October.
Then there might be possibility of a pasBing of dividends If times are
bad.

The dividend to be cotsidered at the aforesaid meeting
would be payable out of the earnings for the year ended
June 30, 1903.- V. 76, p. 384.
The " York Sun" yesterday said
A oerslstent report was that 51 per cent of the common stock, or
Americnn Sngar Refining Co.— Purchase— ^. press disabout 241,000 shares, had changed hands, part for oa-h and pare by patch from Saginaw, Mich., Aug. 11, says
" A deal was
way of option. The prices quoted were 15^3 for theoommnn and 30
consummated here today whereby the American Sugar
for the preferred In cash and 20 for the common and 40 for the preferred on the option basis. One man concerned said that the cash Refining Co. has acquired a one-half interest in the Valley
figures quoted were wrong, but would neither confirm nor deny the Sugar Co., one of the largest in the Saginaw Valley.
The
quotations of 20 for the common and 40 for the preferred.
Valley Company was incorporated In Michigan in October,
A representative of Mexican Central is quoted as saying: 1901, with $600,000 authorized capital stock, and let a con:

:

There is absolutely nothing that can be announced at this time regarding the Mexican Central's relations with the Seaboard Air Line.
It Is evident from the maps of the Mexican Central. Rock Island
'Frisco and SeaboArd that by these roads a through route is opened
from the Cltv of Mexico to the City of New York by way of El Paeo
and Birmingham.
(Complete harmony and friendly working relations exist bstween
the Book Island, the St. Lools & dan Francisco, the Mexican Central
and now the Seaboard Air Line. Whether there will be any complete
consolidation of these systems Is a matter for the future.

See maps on pages 126, 123 and 83 of Investors' Supplement.
Earnings.— See statement on page 347. V. 77, p. 197.
Tennessee Northern Uj.— Sale.— The shareholders will
vote Oct. 8 on the proposition to sell and convey the property
and franchises of the company to the Knoxville
Ohio RR.

—

&

(SeeV. 77, p. 298.)
Toronto Hamilton & Baflalo Ry.— iView Securities.— A. bill
has recently passed the Cauadian Parliament authorizing the
Co.

company

to issue |1. 000. 000 of bonds, debentures or debenture stock, at its discretion; but the bill has not vet received
the royal aseent, and until it does, it is not effective. An
ofificlal writes:
I have no doubt it will be assented to, but no action has, as yet, been
taken to Issue any bonds In accordance therewith, nor have any plans
been adopted with reference thereto. The power granted by the bill
will therefore be in abeyance for the present.— V. 69, p. 29.

United (Jas & Electric Co., New Albany and JeffergonTille.— See Louisville & New Albany Traction Co, and Louisville & Southern Indiana Traction Co. above.— V. 75, p. 1401.

West Chicago Street
above.— V. 70, p. 634.

BR.— See

North Chicago Street RR.

tract for a 600-ton beet-sugar plant at Carrollton,
V. 76, p. 1194.

Mich.—

Bay State Gas Co. of Delaware.— Sa?e Aug. fO.— Receiver
Pepper announces that he will sell the effects of the company in Wilmington, Dal on Aug. 20; upset price, $26,000.
The property, it appears, includes a block of houses at the
southwest corner of Front and Justiaon streets, Wilmington.
,

—V.

77, p. 299, 252.

Bryant & May. — See Diamond Matoh Co. below.
Colorado Fnel & Iron Co.- Officers Resign.— 3, L. Jerome,
Third Vice-President and Treasurer, has resigned. V. 77,

—

p. 198.

Citizens' Gas Light & Coke Go. of Findlay, 0.— 5'aZe.—
See Union Natural Gas Corporation of Pittsburgh below.
See V. 75, p. 1088.— V. 76, p. 1410.

Consolidated Lake Superior Co.— Time Extended.— FreBldent Shields announces that " at the request of many stockholders, who desire to subscribe for the bonds, but who have
found the allotted time too short to enable them to make
necessary financial arrangements, the board of directors has
decided to extend until Aug. 25 the time in which stockholders may exercise their privilege of subscribing for the bonds
of the company upon the terms stated in V. 77, p. 91, 149." V. 77, p. 198, 253.
^armngis.
Cnyahoga Telephone Co, Cleveland.
The
company reports the results of operations for the half-year
ending June 30, 1903, and we compare them with the figures
for the entire year 1902 as below:

—

—

Orosg
Net
Bond
Other Deprec., Balanect
etc.
surplus,
earningt. (overtaxes.) interest, interest.
1903 («m08.).. $201. r>66 $96,598 «55,825 $2,290
$38,483

Period

covered.

1902 (year).... 385,852

150,142

111,650

3,092 $10,858

542

INDUSTRIAL, 9AS AND MISCELLANEOUS.
Upon the installation of the new switchboard, the manageAlbemarle & Chesapeake Canal Co. Plan Uonsummated. — ment, it is stated, proposes to lower the residence rates and
The plan for scaling the interest on the $500,000 of 7 p. c. to begin a campaign for new business. Total surplus June
bonds to 4 p. c, and of funding the other 3 p. c. into 3 p. o.
cumulative income debentures has been carried into effect
and a second mortgage has been made to the Central Trust
Co., as trustee, to secure |115,000 of debentures. These last
are dated July 1, 1903, and mature, like the original bonds, on
July 1, 1909. As provided by the plan, the old management
continues in possession, and the January, 1903, and eubsequent coupons of the first mortgage are reduced to 4 p c, at
which rate the coupons due this year have been paid In cash.
For the remainder of his interest to maturity, the holder of
each $1,000 bond receives $230 in the aforesaid income deben-

per balance sheet, $7 682.—V. 77, p. 253, 91.
Stock Owned.— The company's English ally, Bryant
May, has declared along with
the usual dividend on the preferred shares a semi-annual
dividend of 2}4 per cent on its deferred shares for the halfyear ending June 30, 1903, making 5 per cent for the year;
and after deducting £1,099 balance of expenses of issue of
debentures written off, has carried £13,319 forward. Last
year only 3 per cent for the year was paid on the deferred,
£12,498 being carried forward. The Diamond Match Co., it
is stated on apparent authority, owns all the £100,000 de30, 1903, as

Diamond Match Co.— /ncor»e ow

&

—

—

THE CHRONICLE.

352

ferred shares and £S0,000 of 14 p. o. preferred shares. The
increase in the deferred dividend therefore would increase
the other income of the D[am:)nd Company from this source
from £33,203 (say $118,000) to £31,300 (say $156,000) per annum. (Compare V. 76, p. 657.
Earnings.— director is quoted as stating that ttie earnings, both net and gro?s, for the half-year ending June 80,
1903, were substantially in excess of those for the same
period of the preceding year, V. 76, p. 1087.

[Vol. LXXVII.

New England

Cotton Yarn Co.— Meetim. —The shareholdto vote on the following resolution,
which has bei>n adopted by vote of a majority of the bojrd
of directors, for the purpose of carrying out the reorginiza-

ers will

meet Sept. 2

tion plan:

A

Resolved, That In the Judgment of the board of directors, it is
deemed advisable and most for the beneflt of the New England Cotton Yarn Company that it should be dissolved.
Balance Sheet.— Sse page 348.— V. 77, p. 206, 149.
Northwestern Elevator Co. of Minneapolis.— <S^{oc% InDominiou Iron & Steel Co.—Rerignation.—The resigna- crease, —The Minnesota corporation das fiied an amendment
tion is announced of H^n. Geo. A. Cox, of Toronto, as Vice- increasing its capital stock from $750,000 to
$1,250,000, viz.:
President and member of the executive committee.
$500,000 preferred stock and $750,000 common.
Lease Cancellation. While the directors of both companies
Perth Amboy Shipping & Engineering Co.— Reeeivars.—
have approved the proposition to cancel the lease of the coal
companv to the Iron & Steel Company, there is said to be Vice Chancellor Stevens in Newark on Aug. 11 appointed
some difi& nlty in reaching a satisfactory apportionment of Willard P. Voorhees of New Brunswick receiver of the company on application of its Treasurer, Allaa L, Ramsey, a
the floatiDg debt, so that the meeting set for Aug. 19 may be
large stockholder in the concern. The liabilities are stated
postponed. See V. 77, p. 300, 149.
as $311,000, including a mortgage of $250,000,
Erwln Cotton Mills Co., Uarham, N. C.—New Stock.—
Pope
Co.—
The authoriz-^d issue of capital stock has been increased from Bicycle Manufacturing 77. p. Beorg^antzatton.— See American
Co. above.— V.
150.
$500,000 to $3,000,000 for the purpose of building and equipRepablic Iron & Steel Co.— Earnings. Under the headping new cotton mills. An official writes
ing "Annual Reports" will be found the text of the report
Oar present capacity bere at West Darham l8 25,000 spindles and
1.000 looms. The oonstruoilon of our No. 2 mill, to contain 35,000 for the half-year ended June 80, 1903, in connection with the
spindles and 1,200 looms, located at Duke, Harnett County. N. O., Is balance sheet of that date and the results for the entire fiscal
now well under way. This mill will doabtiess be duplicated, and the year 1902-03, By semi-annual periods the earnings, etc.,
present authorlz e d Increase of capital used for that purpose. All of
the Increased common stock has been subscribed for by the present were:
Tear
Net
Dividends
Ba'ancc,
Total
stockholders. We have not yet been authorized to offer ttny of the
1902-03
profits,
on preferred.
surplus.
surplus.
preferred stock out«ide.

—

—

—

:

B. N.

Dake

is

President; Geo.

W.

Watts, Vice-President,

and W. A. Erwin, Secretary and Treasurer.
Great Northern Paper Co.— Dividend. A second semiannnat dividend of 3 per cent has been declared on the

—

f 5,000, 000 capital stock, payable Sept. 1, 1903, to stockholders
of record Aug. 24. This places the stock on a 6 p. c. basis.

—V.

2nd

half
$1,356,777
let half
1,884,123
-V. 76. p. 977.

(3»fl%>$'14,^9l
(313%) 712,491

$643,186
671,632

$3,248,206
2,608,021

Salem (Mass.) Gas Light Co.- Option.— Subscriptions by
the shareholders close to-day for 500 shares of stock at $130 a
share, on the basis of one share for each six now held. The
stock pays dividends at the rate of 6 p. c. per annum.

Sloss-Shelli'ild Steel & Iron Co.— 2far»tngr«— The partly
estimated earnings for July, after deducting intereit afad
taxes, are $35,200, notwithstanding the strike of miners.—
V. 76, p. 1305.
Standard Motive Power Co. (Canal Dover, Q.)—Application for Receiver. Fred. Wentz & Co., contractors, who
have done work to the extent of about $17,000, filed application on Aug. 8 before Circuit Judge Shotwell for the appointment of receivers for the company. The creditors asked to
have Theodore Wentz of the First National Bank, Canal
Dover, and Harry Hostettler, also of Cinal Dover, appointed
Gas Co. below -V. 76, p. 857; V. 75, p. 1305.
as the receivers. On the same day the company brought suit
Keystone Watch Case Co.— New Stock.— Retirement of in Common Pleas Court No. 3 at Pittsburgh, against the
Preferred.— The present capital stock of the company con- Securities Company of that city for $115,000, biing the
sists of $3,200,000 in preferred shares, 5 p. c, non-cumulative, amount alleged to be due to date under a contract to purand $3,200,000 in common shares. The preferred stosk is chase at par (with stock bonus of $37,500, viz.: 375 shares of
now being converted into common stock, share for share, $100 each) $150,000 of the plaintiff's $500,000 bonds of $1,000
which will make the stock $4,400,000, all of one class of each, secured by mortgage to the American Trust Co. of
shares. The proposed new issue of $4,100,000 is to be entirely Pittsburgh as trustee.
large brick building has been
of common stock and is to be used to pay off all fixed in
erected and a $7,000 office is nearly completed.— V. 76, p. 938.
debtedness of every description and to provide additional
Underwood Typewriter Co. See American Bicycle Co.
working capital. After the issue of the new shares the total
above.— V. 76, p. 1369.
capitalisation will be $8,500,030, all common stock.
Union Natural Gas Corporatlon.—Piire7ia«e.—This comAcquisitions. President John Lowber Welsh says:
pany, through its subsidiary the Logan (Natural) Gas Co., has
In order to properly protest your company and extend its business.
purchased the natural and artificial gas plants of the Citizens'
It was deemed advisable to secure other watoh-oase maanfaoturlnf;
plants as well as plants for the mannfaoturlng of both low-priced and
Gas Light & Coke Co. of Findlay, for a consideration stated
niirh-grade watch movements. The following plants were therefore
(Compare V. 75, p. 1088; V. 76, p. 1410.) -V. 76,
acquired: Barest Bacon, Attleboro. Mass.; thd Orescent Wacch Oase as $200,000.
p. 1253.
Co., Newark, N. J,; New York Standard Watch Co., Jersey Olty;
United States Watch Co., Waltham. Mass.; an interest in the AmeriUnited Boxboard & Paper Co.— Ogicial Circular.— Earncan Watch Case Co., Toronto, Can.; the Riverside Metal Co., Blvertng^s.— In a circular regarding the suit brought against the
Bide, N. J. Compare V. 77, p. 199.
company by John A. Schutts, President Roberts says in part:
LoniSTille (Ky.) Gas Co.— To Supply Natural (?a«,— PresiMr. Schutts owns 1 89 shares of stock of this company, less than the
dent Snead is quoted as saying;
one-thousandth part of the whole stock outstaudlng. He was emThe company has lately purchased a control of the stock of the Oalor ployed by the conapanyat a salary of $1,200 a year. The manageOil & Oas Co.. which company has a number of fine natural gas wells ment has dispensed with his services for good cause. As to acts
In Meade County, near LoEg Branch and near ViUow Dale. The ;alor complained of by Mr. Sohutts. which ocourrel at the organlzAtion of
company will drill adrtltlonal wells, both in Kentucky and in Indiana, the corporation, they were absolutely essential to such organization.
and will add to Us present supply of natural gas. It is now obtaining Other acts of whiuh he complains never took place at all. The busithe right of way through .leflerson County and Meade County and will ness Is eminently satisfactory. The net earnings for Mity and June,
lay a pipe line to Louisville. The Louisville Gas Company will dis- 1903, were $l«3,124. Those for July were at about the same rate,
trlbnte this natural gas through a system of about 18 miles of mains which, if continut'.d, will soon lead to the resumption of dividends.
Confidence is felt that this rate will be continued, and probably inthat it bought from the Cltlztsns' Gas Co. some years ago.
creased, because of improved prices for the company's products.
The sum of $275,030 or more will be expended in laying a There is nothing in the condition of the company which warrants
pipe line from the natural gas wells in Meade County to prices which have recently been made In the stook^ 'market for its
Louisville, and in preparing for the distribution of natural Bhtres.— V. 77, p. 255, 306.
United Fruit Co.—DamT.ge by Hurricane.—The hurricane
gas for heating and indnscrial purposes at a price of bewhich swept over the eastern end of the island of Jamaica
tween thirtv cects and forty cents a thousand cubic feet.
on Tuesday appears to have done serlons damige to the
V. 77, p. 149.
Nantacket (Xass.) Gas & Electric Co.— Merger— New company's property, especially to its growing bananas. In
Port Antonio only six houses, it is said, were lef c standing.
Securities.— ^h\.B ojmp^ny has petitioned the Misaaohusetts
as follows:
Gas Comm'ssioQ for authority to issue $20,OOJ 5 p. c, serial President Preston ifl quoted, in substance, «vlthout its redeeming
Th3 disaster, if such it can be called, is not
bonds and $14,000 new stock. The company is successor of features. The company has been growing a large surplus of fruit and
the Nantucket Gis Co., and the greater part of its new secu- it really had mor« fruit in sight than needed. The hotel ricchtteld]
which is reported as destroyed, is an old balldlng. and would have
rities are for the purchase of the Nantucket Electric Com
been removed at an early date in any event. As to the loss to the
pany's plant.
wharves and buildings, this will be Inoonslderable. The two steamers
National Aatoiuatlc Weighing Machine Co.— Purchase.— reported to have been driven ashore did not belong to the company.
It 18 fortunate that the hurricane waited until practicilly the
See American Aucomitic Weighing Machine Co. above.— V.
end of the Jamaica season. If vn were d<^pendent npoa Jamaica
254.
77, p.
for our fruit supply we would be seriously hampered; but as It Is we
National Biscait Co.—Sto^us.— Touching the declaration simply draw more heavily upon our other properties, principally those
in Costa Rica, There is now an abundaat supply of the best quality
on Tuesday of the regular quarterly dividends of \% per cent of fruit coming from South America.
on the preferred and 1 per cent on the common stoca, ChairOar earnings for tbe past six weeks have exceeded by 50 per cent
and
the
man A. W. Green states tbat the sales of biscuit for the those fortime corresponding period last year, in itsthe company at the
history.
Is securing the largest revenue
present
quarter just ended exceeded those for the corresponding
Preston estimates the company's loss at not exPresident
quarter of last year, and that the profits were satisfactory,
ceeding $260,000, chiefly In fruit.— V. 77 p. 41.
showing a substantial surplus over dividend requirements.
V. 77, p. 92.
^p*For otber Invetttmeat Nenrs see Pases 354 and 365.
76, p. 215.

(Masn.) Electric Light & Power Co.— New
Securities.— The Massachusetts Qas Commission has been
asked to approve the issue of $100,000 of 20-year bonds, of
which $25,000 for refunding purposes and $75,000 for extensions and improvements. A mortgage is to be made to the
Springfield Sife Deposit
Trust Co. to secure the bonds.
Joliason Company. Called Bonda.—Bee United States
Steel Corporation below.— V. 71, p. 289.
Kentucky Heating Co., Louisville, Ky.— See Louisville

Greenfield

&

—

A

—

—

(

[

August

THE CHRONICLE.

15, 1903.J

353

nml ^ocxxxntnts.

^^prorts

WSJVS^^>^rf>^/>i'S/W\^^W

BUFFALO ROCHESTER & PITTSBURGH RAILWAY COMPANY.
EIGHTEENTH ANNUAL REPORT— FOR YEAR ENDING JUNE

&

Tittsburgh Railof the Buffalo Rochester
to the Stockholders the following report for the year ending June 30, 1903:

The Directors

way Company submit

BO AD OPERATED.
1902.

Inerease

^iLts.

Miles.

Mileg.

284-29
87"45
100-34

284-29
87-45
100-34

.472-03
41-58

211-70

472-08
17 00
74 33
20U-32

...799-69

7(3 73

1903.

Owned
Leased
Trackage rights
Total length of road operated
Second track (owned)
Second track (trackage rights)
Sidings (owned and leased)

Total miles of tracks,

74 33

all steel rail

24-58
iY-38

35-96

There is no change in the mileage of road operated.
The tracks were increased by 24-58 miles of second track
constructed at different points between Ashford, N. Y., and
Panxsutawney, Pa.; and 11-38 miles of sidings.

INCOME.
1903.
$7,4S2,736 31
4,232,406 42

19P2.
$6,313.246 12
3,632,004 72

$1,139,490 19

$3,220,329 89

$2,681,24140

539,088 49

mterest, rentals, taxes
and sinking funds
1,438,735 40

1,406,976 43

31,758 97

$1,781,594 49

$1,274,264 97

$507,329 52

$42,015 07
908,734 16

$39,56175
544,000 00

$2,453 32
364,734 16

$950,749 23

$583,56175

$367,187 48

$830,845 26

$690,703 22

$140,142 04

Gross earnings
Operating expenses

Income

Increase.

600,40170

Applied to payments of

Net income
Deduct:

"

Special appropriations..

Total

Surplus of income.

- . .

to be secured by new equipment costing
These bonds are being issued under an agreement known as "Equipment Agreement, Series D," dated
of them have been sold to
November 1, 1902, and $865,0
meet the cost of equipment delivered. This agreement provides for a sinking fund equal to six per cent per annum of
the bonds issued, to be paid over to the trustee on the first
day of September in each year, beginning with September 1,
1904. for the purchase of bonds of this series if the same can
be obtained in the open market at not over 105 per cent and
accrued interest; otherwise the trustee shall draw by lot sufficient bonds approximately to absorb at the price of 105 per
cent and accrued interest the amount of cash held by the
trustee to the credit of the sinking fund; all the bonds so
The whole or any part of the
acciuired to be canceled.
issue may be redeemed on six weeks' notice at 105 per cent
and accrued interest.
The net result is an increase of $63,000 in the bonded debt

was authorized,
$2,2')(i,i 00.

of the

Company.

CONSTRUCTION.
The cost of road account was charged with $1,095,841 72,
representing the amount expended to date for the construction of the Indiana Branch.
All other expenditures for additions and betterments
to your property were charged against net income.
items are as follows

The percentage of increase in gross earnings over last year
18'5 per cent and the increase in income 20 '11 per cent.
The incrrase in the amount applied to payments of interest and sinking funds is due to the requirements of the
new equipment bonds issued.
The Item "Special Appropriations" represents the principal of the car trust bonds paid off during the year, and
the entire expenditure for construction on the line owned
by your Company with the exception of the cost of the
Indiana Branch
In addition to the above income, $600,000 was received
from investments and credited direct to Profit and Loss

made
The

:

Land

$25,706
5,837
10,434
29,078
26,500
61,309

New bridges, one-fourth cost
Station at Punxsutawney, Pa
Shops and equipment at DuBois, Pa

Extraordinary expenses

and improvements

30, 1903.

Y
& B. Junction, N. Y
"
"
Elk Run Junction, Pa
Automatic Ore uiiloader, Buffalo. N. Y
Yard and buildings, Buffalo Creek, N.
"

"
"

8.

83
13
07
56
28

47

23,83195
53,433 70
515,435 77

Second track, Ashford, N. Y., to Punxsutawney, Pa
Sidings and yard extensions
Sundry items

16,716 17
12,450 23

$780,734 16

Total

is

Account.

There was put in operation during the year 24-58 miles of
second track and a consHerable amount of grading and
bridging was completed for further additions to second track.
New yard improvements were undertaken at Buffalo
Creek, N. Y., and Elk Run Junction, Pa., to provide
facilities for handling the constantly growing freight traffic.
The yard and improvements near Salamanca, N. Y., referred to last year, are

now

in partial use.

An

automatic ore-unloading machine is being erected on
the docks in Buffalo, N. Y,, which will materially reduce
the cost of handling ore.

DIVIDENDS.
1902.

1903.

Dividends -were paid onPreferred stock... $6,000,000 6% $360,000 6%$36O,000
Common stock... 6,000,000 4>fl% 270,000 4% 240,000
common Btocl...{(V^OO.00O! 4%
30,000

Common

Stock..
I

^^'^^^'^^j^gl^

4%

EQUIPMENT.

Increase.

There was expended for
$30,000
30,000

13,000

13,000

$673,000

$600,000 $73,000

new

rolling stock as follows:

Forty-seven locomotives
One baggage and express car
Ont baggage and mail oar

Seven hundred and sixty freight cars
One steam wrecking crane
Seventy-eight service cars

Total

$14,300,000

Sundry betterments

$754,765
5,3^2
4,164
626,101
11,500
12,706
12,322

28

40
36
47
00
92
97
$1,426,953 40

Since the close of the fiscal year, your Board of Directors
has declared semi-annual dividends of three per cent on the
preferred stock and three per cent on the common stock,
payable August 14, 1903.

CAPITAL STOCK.
There was issued on July 1, 1903, $1,000,000 of common
in exchange for the same amount of convertible
debenture bonds canceled.
As stated in last year's report, the stockholders were

stock,

given the privilege to subscribe at par, in proportion to their
holdings, for $1,300,000 of additional common stock, the
proceeds to be used for the construction of the Indiana
Branch. The full amount was paid in by February 15, 1903,
and the new stock issued.
The total outstanding capital stock of the Company now
amounts to $14,300,000, and consists of $6,000,000 preferred
stock and §8,300,000 common stock.

BONDED DEBT.
During the year $128,000 of car trust bonds were paid and
canceled.

As per agreement

referred to in last year's report, the
holders of the outstanding $1,000,000 of the four per cent
debenture bonds exchanged them at par on July 1, 1902, for

the same amount of
canceled.

common

stock,

and the bonds were

There were issued $336,000 of Equipment Agreement,
Series C, bonds, authorized in former years.
To provide for additional rolling stock an issue of $2,000,000 four and one-half per cent seventeen-year gold bonds

Of the above equipment, the baggage and
mail car, ten freight cars and twenty Company's service cars were built at the Company's
shops.

The account was credited for equipment sold,
transferred or destroyed, with the following
items, charged to operating expenses:
One locomotive
One baggage car
One hundred and forty-six freight cars..
Thirty-four Company's service cars

$10.466 96
2,021 50
60,113 59
4,707 00

The account was further credited
for car trust bonds paid off during
the year and charged to net in-

come:
Freight cars

128,000 00

Also with the amount of the sinking funds under equipment agreements Series A, B and C, invested
in the purchase of new rolling
stock:
Six locomotives

89,033 18

294,342 23

Making a net increase

of

$1,132,611 17

When rolling stock is destroyed or taken out of service,
operating expense is charged and equipment account is
credited; when purchased or rebuilt, the cost is charged to
equipment account.

:

THE CHRONICLE,

354
PASSENGER EARNINGS.
The average

rate received per passenger per mile increased
67-lOOth of a mill, being 3"10"i cents, as compared with
3 035 cents a year ago.
The average distance each pixssenger was carried decreased
8*S7 miles, being 35-oS miles, against 39-45 miles last year.
Passengers oarrled 1903
1,125,610
Passengers earned 1902
1,052,308

An

increase of

697

73 302

per cent or

Although the earnings of the past year are in comparison
with the abnormally large earnings of the year of the Pan-

American Exposition, the

result is a gain of §7,683 58 in gross

passenger earnings.

FREIGHT EARNINGS.
The average rate received per ton per mile increased "26 of
a mill, being 5"31 mills, as compared with 5 '05 mills last year.
The average distance each ton was hauled decreased '74 of
a mile, being 145"64 miles, against 146'38 miles a year ago.
The revenue tonnage moved was:
Bimminous

1903.
5,126.314
795,307
187.219
1,765,060

coal

Coke
Ore
Other freight

Increcue

1902.
4,655.783
615,270
174,^38
1,488,768

470,531
180,037
12,681
276,292

7,873,900
939,541
6,934,359
in tonnage, amounting to 13-5 per cent, reflects
the prevailing prosperity of the country. There are increases in all the commodity groups, excepting anthracite
coal, products of animals and products of the forest.
The result is a gain of $1,103,934 98 in gross freight
earnings.

The gain

EXPENSES.

The operating ratio decreased 74-lOOth per cent, being 56'79
per cent, against 5753 per cent last year.
The percentage of each group of operating expenses to
gross earnings for the past tive years is as follows:
1900.

1899.

991

1010

1310

15-42

Conduotlnj? transportation.. 34-33

13 23
33-61

1901.
9 79
11-91

3220

32-57

205

222

2-31

205

3608

56-79

5753

5621

5763

1903.

1902.

7-15
Malntenacoeof way
Mdlnteuauoe of equipment.. 13-26

847

General expenses
Totals

2-61

6421

The average cost per ton per mile is 289 mills, being
13-lOOth of a mill more than last year, due to an increase in
the rate of wages paid and the higher prices prevailing for
materials and supplies.
The average number of revenue tons carried one mile per
revenue freight train mile, excluding the mileage of helping
engines, increased 17-85 tons, being 441 "46 tons, against 423-61
a year ago.
The average number of revenue tons carried one mile per
revenue freight engine mile, including the mileage of helping engines, increased 11 tons, being 364, against 353 a year
ago.
The average number of revenue passengers carried one
mile per revenue passenger train mile is 40, being 3 less
than in the preceding year.
The non-revenue traffic, not included in any of the figures
of this report, is as follows:

Number of passengers
Numberof passengers carried one
Numberottons
Nnmoer of tonscarried one mile

142,468
6,461,522

mile

741,990
62,153,320

[Vol.

Coal Company, from which a large tonnage is expected.
This new line should be opened for business by the end of
1903.
Its t-stimated cost is $677,000, to pay for which the
remaining $700,000 of the common stock aitthorized will be
offered for subscription to the stockholders when the funds
are required.

ROCHESTER & PITTSBURGH COAL & IRON COMPANY.
The surplus of the Rochester & Pittsburgh Coal & Iron
Company for the fiscal year amounted to $1,561,086 31, out
of which dividend No. 8 of 15 per cent was declared, and
the amount, $600,000, credited to your Profit and Loss Account.

The above surplus was arrived at after taking from the
net earnings $114,000 08, principal of bonds paid off, and
$294,553 03, expended for mining machinery, buildings,
equipment, development of mines and sundry miscellaneous
items.

&

&

The Rochester
Pittsburgh Coal
Iron Company derived considerable profit during a part of the year from the
hish price prevailing for coke. The strike in the Anthracite
region also enabled it to sell at advanced prices coal which
was not under contract.
The Consolidated Coal & Iron Company and the Indiana
County Coal Company having been organized to acquire
extensive coal lands and coal rights on the line of your Indiana Branch, the Rochester & Pittsburgh Coal & Iron
Company, with the consent of your Board of Directors, purthe securities of both companies. The amount
disbursed to June 30, 1903, for this purpose was $696,494 93.
With the view of further developing the industries on
the line of your road, the Rochester & Pittsburgh Coal
Iron Company undertook the construction of the Adrian
Furnace at Falls Creek, Pa. It is nearing completion, and
when in operation will be capable of making about 250 tons
of pig iron per day.
At the close of the fiscal year $476,424 19 had been paid on account of the cost of this furnace.
To provide funds to pay for the securities of the two coal
companies, the cost of the furnace, and for othir corporate
purposes, the Rochester & Pittsburgh Coal & Iron Company
created an issue of $2,000,000 four and one-half per cent sinking fund gold bonds, payable August 1, 1933, with option on
the part of the Company to retire the whole or any part before maturity at 105 per cent and interest. $1,000,000 of
these bonds have been sold, the balance remaining in the
treasviry of the Company.
The sum of $35,000 has been set aside out of this year's
Pittsburgh Coal
Iron Comearnings of the Rochester
pany as an accident insurance fund, for the benefit of the
men injured in the employ of the Company.

chased

&

&

&

PENSIONS.

For the benefit of

its

faithful employees

who, through age,

accident or infirmity, may become unable to earn their livelihood, your Board created a pension system, effective July
1, 1903 authorizing the retirement with a monthly pension
of all employees who have attained the age of sixty five years,
and of employees between the ages of sixty and sixty-four
years, physically disqualified; provided they have been con.
tinuously in the service of the Company or of its predecessors for a period of twenty years or more.
The pension allowance is equal to two per cent of the
average monthly wages during the ten years next pre ceding
retirement, multiplied by the number of years of continuous
service.

The maximum amount

of the Company's annual liability
fund has been fixed at $25,000,
FIRE INSURANCE FUND.
The assets in this fund were increased f 11,655 89 during
the year, and now amount to $88,773 17 in interest-bearing

to the pension

INDIANA BRANCH.
The operation

of 28 miles of this branch will be included
in the lines of your Companj- from August 1, 1903; the point
reached being the new town of Ernest, Pa., where coal properties acquired by the Jefferson
Clearfield Coal
Iron

&

&

securities

and cash.

Company

are being developed.
The extension from Ernest, Pa,, to Black Lick Station,
Pa., on the IndiaLa Branch of the Pennsylvania Railroad, a
distance of about 17 miles, will be completed about October
Ist, next, when the trackage contract entered into with the
Pennsylvania Railroad Company, mentioned in last year's
report, takes etfecc. This will enable your Company to move
tonnage direct from the mines of the Lackawanna Steel
Company to the works of the latter in Buffalo, N. Y.
In consideration of a contract made with the Pittsburgh
Gas Coal Company, securing to your road the transportation
of all its output, your Board has agreed to build 17 miles of
railway in a southwesterly direction from Ernest, Pa., to
lands near Elder's Ridge, Pa., owned by the Pittsburgh Gas

—

United tfrain Co.— Mortgage. This company, spoken of
as the Chnrchill-Paddock-Hodge merger, has made a mortgage to the Union Savings Bank Safe Deposit
Trust Co. of
Toledo, as trustee, to secure ^500,000 of 10-year 6 p. c. bonds
of $500 each. The company was incorporated in New Jersey
on June 8, 1903, with |400,000 of authorized capital stock.
Incorporators
Milton Chorchlll. George A. White, Leroy 8. Churchill. T. O. Paddock, Jame* Hodge, Aithur L. Mills, Frederick L. Geddes and Kenneth K, McLareH.
New Jersey representative. Corporation Trust Co.

&

United States Enxelope Co.— Earnings.— The results for
the fiscal years ending on June 30, 1908 and 1902, compare as
follows:

LXXVII.

GENERAL REMARKS.
On January

1,

1903, the contract

with the Erie Railroad

Company, covering trackage rights over its road between Mt.
Jewett, Pa,, and Jobnsonburg, Pa., was revised and renewed
for a term of 99 years, effecting a reduction of $10,056 47 in
the annual rental.
of the Board are renewed to the
and employees for their faithful and efficient services.
Statements and statistics of the operation of your road

The acknowledgments
officers

for the year are submitted herewith.

By

order of the Board,

ARTHUR
New

York, August

G.

YATES,

Preiident.

5, 1903.

Dividend Sinkinf] Deprec- Balance,
InttreU
iation. surpiua.
onprcf. fund.
on bonds.
1902-0»... $559,063 *132,396 (6%)$l87,500 $75,000 $S0.048 $114,124
1901-02,.. 485,010 120,000 (414%) 159,375 75,000 29.870 100,765
Fiscal

Net

year—

profits,

-V.

75. p. 496.

United States Shipballdlog Co.— Closing of Crescent
Farda.— Receiver Smith, on Aug. 12, issued a statement
saying in substance:
The receiver expressed jfreat regret that he was compelled to close
the Crescent Shipyard and the Rhops of the Samael L. Moore & Sons
Co. DurlDK the last two weeks he has repeatedly applied to the
reorganization oomnilttee (George R. Sheldon, Chatrman) lorttnanolal
assistance to enable hlin to maintain thene plants as golne concerns.
He has pointed out to the committee that the Uolted States Government is threatening to terminate its contracts unleca decisive stens are
taken with reference to the work upon the Government boats. He has
also directed attention to the fact that suspension of work would

iha unnu

.

AUGVST

15,

1903.J

the Imposition of heavy fines snd penaltiee. NotwlthBtandlnR
each arplloattoDS the attitude ot the reorganization eommlttee has
been one of inaotlTlty.
member of the Sheldon reorganization committee is
quoted as sayiDp:: " If Raoeiver Smith adopts oar plan he
will have no difficulty In getting all the money he wants.
The second mortgaue (collateral trust) bondholders stand
ready to advance |3, 000,000 working capital as soon as the
terme heretofore outlined are agreed to." The first mortgage bondholders, at whose instance the Receiver was appointed, are still opposed to the Sheldon plan.— V, 77, p. 255,

c^

1^ LiJDi.

500

mean

3Pto Op0mmjcrx:ial "Exmts.

A

206.

United States Steel Corporation.— CaWeci Bonds.— One
hundred (|100,000) first mortgage bonds of the Johnson
Company have been called for redemption, and will be paid
at the United States Trust Co, of this city on Sept. 1 at 105
and interest.
Favorable Decision.— The United States Court of Appeals,
reversing the findings of the lower court, recently decided in
favor of the Carnegie Steel Co. the suit of inventor John
Brislin, involving a large sum for alleged infringement of
patent covering the automatic table for delivering hot steel
ingots from the rollers In steel mills.
A. C. Diukey has been elected President of the
Officers.
Carnegie Steel Co. to succeed W. E. Corey, resigned; and J.
H. Reed has been chosen to fill the new office of Chairman of
the Board.— V. 77, p. 303, 206.
United States Telephone Co.— Earnings.— The earnings
for the five months ending May 81, 1908, are stated as
Orois earnings. $151,726 expenBe». Including taxes. $89,122; net
earnlugs. $62.ti04; bond Interest, $38.S84; other Interest. $l,se7;

—

:

;

eurplua for stock, $21,883. Total surplus as per balance sheet
31,1903. $l.f>43.-V 77, p. 150, 93.

May

Valley (Beet) Sugar Co., Michigan.-Safe.- See American
Sugar Refining Co. above.
YirginlaCaroliua-Chemical Co.— Poteer to Borrow $0,000,000 Ouaranteed. Tne transaction with the syndicate embraclna: J. P. Morgan «fe Co., the National City Bank, the
First National Bank, the Morton Trust Co., the Bank of
America and Blair & Co. consists, we learn, merely in a
guaranty that in case the company shall be unable to borrow
money on its paper through the usual channels the syndicate
will advance from time to time the sums desired up to an

—

COMMERCIAL EPITOME,
Friday Night. August 14. 1908.
improved condition of business has been apparent in
An
the commercial markets and a restoration of confidence in
the speculative financial market has had its influence in

more firmly establishing belief in the sound, healthy
condition of the general business interests of the conntry.
Reports from the iron trade have advised some
curtailment from the enormous production of pig iron for
the past few months, and also have noted some improvement
Active
in the demand, especially from the Western trade.
operations are being gradually resumed locally in the building trade as the labor troubles are adjusted, and they are
being reflected in an improved condition of business in
building material. Prices in the grain markets have shown
an advancing tendency on prospects of only fair crops as
compared with the full yields of last season. During the
latter part of the week exporters were fairly free buyers
in the grain market, especially of wheat.
Lard on the spot has been without important changes,
Business has been quiet, the demand being light from both
refiners and exporters; but as there has been no pressure to
market supplies, prices have held to a steady basis, closing
at 8'15c. for prime

Western and 6Ji(37i^c. for prime City.

Refined lard has been quiet but steady, closing at 8' 16c. for
refined for the Continent. Speculation in the market for contracts has been quiet.
Early in the week prices advanced
slightly but reacted under larger receipts of hogs. The close

was

quiet.

DAILT OIiOatHO PBIOBB OT
Sat.

September del'v-.
October del'y

802J«

Hon.

8071^

I.A.BD

rOTUBBB HI

Tue$.

807'*

Wed.

800
700

OHIOA.(K>.

TKurt.
8-05
7-72i«

frx.

8 02ifl

770
780
aggregate of not exceeiMng $6,000,000, at 6 per cent Interest.
This arrangement holds for six months, with right of rePork has been offered at lower prices, but demand has
newal for a like period. The syndicate acts, there- continued limited, closing at $15@15 75 for mess, $15@16 50
Cut- meats have
fore, as insurers of the company's ability to borrow for short clear and $16 75@17 50 for family.
for current needs, and for that service receives a commission been quiet and irregular, closing at 6@63^c. for pickled
which is commonly spoken of as 10 p. c, though this figure shoulders, 12@123^c. for pickled hams and 9@l03^c. for pickcannot be confirmed. It is thought unlikely that the com- led bellies, 14@10 lbs. average.
Baef has been in better
pany will avail itself to any large extent of the facil- demand and firmer, closing ai $3 50@9 00 for mess, $9 00@
ities so obtained.
A considerable part of its temporary 10 00 for packet, |10 00@11 00 for family and |13 50@15 00
needs, it is explained, represent customers' notes, which in for extra India mess in tierces. Tallow has been firm but
ordinary times the local or other banks are only too glad to quiet at 43^c. Stearines have been quiet but steady, closing
discount.— V. 77, p. 3}3, 195.
at 9a. for lard stearine and 73^c. for oleo stearine. CottonWhite Mountain Paper Co.— Manufacturing Prospects.— seed oil has weakened slightly, closing at 403^@41o. for prime
Oakleigh Thome, Ciiairman of the Reorganization Commit- yellow. Butter has been in fair demand and steadier, closCheese has had a fair sale at
tee, says: "There is little probability at present of the com- ing at 15@193'ic. for creamery.
pany completing its paper mills. I think we shall use the firm prices, closing at 8@l03^c. for State factory, full cream.
works as a lumber and pulp plant until financial conditions Fresh eggs have advanced, closing at 19@20c. for best
Western.
warrant the construction of paper mills."
Brazil grades of coffee have been unsettled but close
Receivership.
Reorganization matters remain in statu quo.
foreclosure sale is not exp3ct6d to take place until late in fairly active and firm on the receipt of unfavorable crop
The
the fall. The receivers of the plant are Wm. F. Donovan news from Brazil. Rio No. 7 on the spot was quoted at 53^3.
(President of the Eastern Steel Co.) and Hon. Jas. W. and Santos No. 4 at 6c. Offerings of West India growtns
Remick, Judge of the Supreme Court of New Hampshire.- have been free, reflecting large stocks, and prices have been
barely maintained, closing at 7)^c. for good Cucuta. East
V. 76, p. 1361.
India growths have been quiet. Speculation in the market
World's Fair Automobile Transit Co.— S^ocfe Offered.—
The company, having sold $250,000 of its $600,000 capital for contracts was quiet early in the week. At the close there
developed fair buying and prices advanced. Following are
stock, the Germania Trust Co. of St. Louis and Tracy & Co.
the closing asked prices :
of New York, Chicago and Milwaukee offer the remainder
Angast
Feb. ....^... 4-65e.
3-85o. Nov
....^..M. 4100.
at par, $10 per share. A circular says:
Sept.....^^...,. 3"90o. Deo ..^..^...H.; 4-450. March
4-70o.
The company has obtained from the World's Fair manaeement the Oct
4-550. May
4-8&e.
400a. Jan
exclusive vehicle privilege of entering the gates of the fair for the purRaw sugars have been sparingly offered and the close was
pose of transportlns; passengers and the right to carry passengers
around the grounds, and the further privilege of selUag to passen- firm, with sales', at higher prices at 3^c. for centrifugals,
irera en route to the grounds a ticket for their entrance to the Fair.
96-deg. test, and 3)^c. for muscovado, 89-deg. test. Refined
Estimated gross earnings during the World's Fair, f 1.273.460; net sugar declined
early in the week but advanced at the close;
earnings, $852,940. It Is the intention to install automobile service
granulated was quoted at 5@5'15o. Other staple groceries
Erlor to Jan. 1. 1904, and to oontlaae after the close of the Fair,
lilborn O. McNalr is President.
have been unchanged.
Kentucky tobacco has continued in fair demand and at
Zenith Steamship Co.— Mortgage, A mortgage made to
the Detroit Trust Co., aa trustee, secures $130,000 of 5 p. c. firm prices. Seed-leaf tobacco has been fairly active. Ofgold bonds, covering the new steel freighter Saxona, which ferings of the natural-cured 1902 crops have come on the
was built by the American Shipbuilding Co. at a cost of market, and they have receive! close attention from buyers,
fair sales resulting at satisfactory prices.
Foreign grades of
|370,C0). The bonds mature |13,0Q0 yearly on July 1, from
1904 to 1918, both inclusive, but are subject to call to any tobacco have been in moderate demand and firm.
Demand for Straits tin has been limited, and with holders
amount at par and 1 p. c, bonus for each year yet to run, but
not less than 2 p. c; interest payable Jan. 1 and July 1. of spot supplies more willing sellers, prices have declined,
closing steady at 28'40(ai28'50c. Ingot copper has been in
President and Treasurer, Q. A. Tomlinson, Duluth.
See
more active demand, and orices have advanced to 13J^c. for
Dnluth Steamship Co. above.
Lake. Lead has been quiet but steady at 4 '20c. Spelter has
advanced, closing firm at 6c. Pig iron has been in better
—The Bond Department of the Merchants' Loan & Trust demand and steady, closing at $17 50@18 00 for No. 1 NorthCompany, Chicago, has issued a little circular inviting the ern,
attention of its patrons to some desirable short time invest
Refined petroleum has been firm, closing at 8'55o. in bbls.,
ments such as the extended mortgage 4 per cent bonds of lO'SOc. in cases and 5'o5c. in bulk. Naphtha has been unthe Burlington Railway Company, maturing in 1905; Atchi- changed at 12'40a. Credit balances have been steady, closing
son 4 per cent debenture bonds, maturing in 1904 and 1905, at |1 56. Spirits turpentine has advanced on light offerings,
and Rock Island 4 per cent gold bonds, maturing May 1 closing firm at66@56^c^ Rosins have been in better demand,
prox. These the company thinks are attractive investments closing steady at $1 85@1 90 for common and good strained.
with which to bridge over the financial uncertainties of the Wool has been in moderate demand aad firm. Hops have
next twelve months.
been sparingly offered at advancing prices.
7-72>«

7-77ia

—

—

—

—

.

,

THE CHRONICLE.

356

COTTON.
Fridat Nioht, August

The Movement op the Crop

14, 1908.

by our telegrams
from the Soath to-night, is given below. For the week ending
this evening the total reoelpta have reached 1,118 bales
against 1,599 balei last week and 1,648 bale* the previons
week, making the total receipts since the Ist of Sept., 1902,
7,637,441 bales, against 7,463,944 bales for the same period o)
1001-2, showing an increase since Sep, 1. 1908, of 173,197 bales,
JICMipU Hi-

muvM.

wta.

rtM<.

if on.

Mat.

as indicated

A

Lambert

Sal VMton.....
Bab. P»a«. Ac

25

Rrw Orleant.

25

172

3

263

59

IObll«

438

1

1

1

•••

Ac

•«•«

Bavannali...^
Bnuiiir'k,*c

2

2

1

2

PeiiBa«ola,

.,„.

1

Oliarleaton.

Boyal.Ac

......

2

Wllralnjtton...

WMli'ton,*(
Aorlolk
...
tXVt Kewi, *f

26

ON

2

«•

386

598

893
34

1,484

ttoeJt.

Total.

Cbarleston...
Mobile
Norfolk

84

1,121

3,460
123

*--*-

252
128

New York

Other ports

2^,490

3,361

..

170,518
5,121

.

Total 1»03..

386

598

Totall902..
Total 1901..

1,100
3,678

1,014

1,484

4.320

338 10,722

3,919
3,397

3.395 "203,208

927
1,562
2.941

11,916
20,976

143.153
260,708

4

««»
122

«•

W«w York.-.

HOT OLBARKD FOB—

Brtat
GerOther Coa«(Britain JFr'nee many. For'gn vtite.

New

.

SHIPBOA.RI>,

Leaving

Aug. 14 at—

Speculation in cotton for future delivery has been on a
moderate scale only. Fluctuations in prices have been
within a comparatively narrow range, with the tendency
135 towards a slightly higher basis. The feature of the trading
122 has been buying by recent sellers of September options to

2

107

Barrows, Produce Exchange Building,

Orleans.
Galveston.. ..

toiai

fri.

LXXVII.

[Vol.

In addition so above exports, our telegrams to-night algO
give na the following amounta of ootton on shipboard, not
cleared, at the porta named. We add aimilar flgurea for
New York, which are prepared for our special use by Messrs,

SavanimU.

Ft.

.

.
.

.

••

cover their contracts.
Owing to the lateness of the
crop it is the belief of many that the amount of new276
••«*••
crop cotton to be marketed during Septetuber will be
10
16
comparatively light.
It
is
therefore argued that no
rkllMlal'a, *e
material relief from the present congested condition
409
1.113
128
80
866
4
226
Toi.thlt weei
of the speculative market will be experienced till October.
the week's total receipts, the total since The bull clique has continued to be mentioned as reporting
The following shows
Sept. 1, 1903, and the stocks to-night, compared with last year, fair sales of spot ootton to spinners, but as the stock of cotton at New York does not decrease, and spinners have been
1903-03.
1901-02.
Mtotk.
shutting down their mills, due to the high cost of cotton, the
MeuipU to
XMt 8\nfatp. thit Mint* Map. 1903.
trade has been slow in accepting these reported sales. The
Aug. 14.
1808.
tM«k.
Mittk.
1, 1902.
1, 1901.
outlook for the growing crop has continued promising, private advices quite generally reporting unusually favorable
Oalveston...
25 2.092,165
4,232 2,038.411
1,165
3,386
climatic conditions for its progress. To-day there was a
S«l}.F..Ae.
154.105
94.761
quiet market. On a scare of local shorts resulting from un25,851
ir«w OrleanB
1.515 2,260,010
488 2,308,070
36,813 tounded rumors relative
to a tropical hurricane approaching
258
1 214.967
21
153.981
Mobile
3,234 the Gulf Coast, prices were advanced a few points.
The
156,038
P*s»fiol»,Ao.
226,861
close was steady at a net advance for the day of 4 to 7 points.
Savannali...
S 1,297.185
3,460
1,094 1,136.889
7,162 Cotton on the spot has been quiet and unchanged at 12-75c.
130,622
Br'wiok. *e.
140,267
for middling uplands.
123
2
209,700
121 266,755
OkwlMton..
139
The rates on and off middling, as established Nov. 20, 1902,
837
F.Boyal.dko
1,577
by the Revision Committee, at which grades other than
270
4 329,668
43 877,883
610 middling may be delivered on oontract, are as follows.
WUmlngton.
387
882
Watb'n. *o.
Fair.....
....c. 1-30 on
Good Middling Tinged ..o. Even
123
135 809.169
457,611
1.261
irorlolk
2,931 ailddllng Fair ...... ...... 0-96 on Strict Gbood Mid. Tinged.. 0*80 OB
0-62 on Strict Middling Tinged.
Strict Good Middling
006 off
122
25,161
461
38,917
irportN.,*o
0-44 on Middling Tinged
Gk>od Ailddllng
O-lS ofl
86,633
33 113.228 170,818
90,634 Strict Lo^ mddllng
Hew York...
0-14 ofl Strict Low Mid. Tinged... 0-84 ofl
0-38 off Middling Stained
0-50 ofi
3,800
33
98,694
64 119,925
5,000 Low Middling
Boston . ....
GK)od Ordinary ..... 0-72 off Strict Low Mid. Stained... 1-06 ofl
490
275
.
47,452
187 101,016
3,078 Strict
Baltimore
9

4

—

Boston.. .w...
Baltlmor*

9

11

33
275
26

.

26

F]Ul»<lel.*«.

27.082

1,113 7,637.441

Totals

36,965

561

2,081

9.441 7,463.944

206.603

165,068

409

In order that comparison may be made with other yeara,
the totals at leading porta for six seasons.

we give below
Btetiptt at-

1902.

1908.

OalvM'n,*e.

25
488

Mtrw Orleane

Mobile
avaimali...
OiM'ton, *o

1

WUm'ton,*c

411oUi«ra...

4
135
122
334

tot.lklawk.

1,118

2
2

nortoik
n. newa, Ao.

liaee Bept

i

4,282
1,515
21
1,094

265
186
6
810
171

2,717
2,852
26
1,873

85
112
349
89

181
43
1,261

1898.

1899.

1900.

1901.

6,671
3,734

2,958
3,442

203
407
24

187

4

1

466
146

107

390
352
10
832

4,028

1,058

3,859

761

9.441

12,020

3,512

15,006

8,872

7687,441 7463.944 7535,36e 8540,028 8420,217 8623,198

for the week ending this evening reach a total
were to Great Britain, 3,046
of 8,566 bales, of which
Below
to France and 5,520 to the rest of the Continent,
are the erports for the week and since Sept. 1, 1902.

The exports

1003.

liiiptin

mm-

«r««t

fra««« U«a«n«nt.

Brtt'n.

7*t«l

Ac.
NewOrlean*..

187

4,188

7,»29

gab. Pmi.

8.046

Mobile

PenMCols
Bmnjwlck....
Charleston....
Port Boyal....

fran«*

a«n(«itmt.

14, 100i>.

Xttst

685,498 888,997 "eai.olo 1.638,445
87,108
76,731
113,839
963,256 862,788 792,280 8,108 323
66.476
104 618
49,143
12.488

68,261

144,788

60.664

753,456
6,860
88,588

990,961
113,57«

104,083

......

183.703

Wilmlnston...
Norfolk
N'port N., 40..

860
....

Philadelphia..
Ban rran., Ae.

850

8.843

187,624

321.663

18.727
11.444

•••••

K«w York

18.486

14.084

41.240

965

868.496
148,336
71.638
46.877
86.197

17.604

760
312,216
7.9?3

488.206
15',318

8,802

Sat.

6,000

86,960

113,486

8.086

48,363
184,066

128.858

9,520

e,56S 8734,968 784.883 3I049.I33 6,669,087

4.188

20,850

88,576 8,026.080 747.978 8,802,063 6,677,001

men Tnea Wed

Th. Frl.

11-75 1175 1175
.. 12-37 12-37 12-37 12-37 12*37
C<ow MlddUng
..~ ..».. ..~.. 12 75 12-75 12-75 12 7.1 12 75
Clddllng
ial» 1319 1^ 19 1319 13 19
iood Middling
13-71 13-71 13 71 13 71 13'71
dddllng Fair

Oood Ordinary.

1175 11-75

..~

GULF.

Sat.

men Tues

\i^ed

11-78
12-37
12-75
13-19

1871

Th. Frl.

1200 1200 12-00
iood Ordinary. ....... ....» ..^ 1200 1200
12-62 12-62 12 62 12 62 12-62 12-62
Coir Middling
12-00

mddllng
Stood

.....^ ...... ..~..

Middling

BTAINBD.

13-00 1300 1300
ld-44 l;l-44 Id 44 13 44 13 44
3-96 13-9B
13-96 13'96 13-96

1300 1300
Sat.

1396

Blon Tnea \¥ed Th. Frl.

30 11-30 11-30 11-30
80 18-30 12 30 12-30
12-46 l'Z-46 12 46
Itrlot Low Middling Tinged... 12 46 12-46 12 46
1275 12-75 12-76 12-75 12-76 12-78
»ood Middling Tinged
The quotations for middling upland at New York on
Aug. 14 for each of the past 82 yeara have been as follows.
IjOW Middling..... ...m.... .... 11-30 11-30 11
Middling
.._ ....~ ..~.. 1230 12-30 12

1903. ...0.12-75
9

1902
1901
1900
1899
1898
1897
1896

8
lOis

6^
6
8
83ie

1887. ...c. 9%
1886.
.. 97,e

1879....0ll3l6

1888
..107,e
1884
lO's
1888
lOSie
13
1882
1890....„lZh6
12
1881
1889
..ll^is
1880
Il9ie
1888 ....« 1138
MARKET AND SALES.

.1198
1876......126j8
141*
1878

1898.. ..0

7»ie

1894
1898

7
..

7»i8
1892.....M 73ie
1891....»» 8

1878
1877

llli^ia

17

1874
1878
1872

1»'8
214i

Thetotalsales of ootton on the spoteaoh day during the
week are indicated in the following statement. For the
oonvenience of the reader we also add columns which show
at a glance how the market for spots and futures olosed on
same days.
Salbb ov Bpot a CONTBAOX
rOTUBBB
SPOT Markbt
Mabkbt
Oonlt»OonOlosbd.
OLOBBD

18,159

8,ote

Total

Total 1901.02_

•r««i

69.039
196.941
106.719
16.560

gsTannah-....

1. 1903, to Aug.
Sxporttd to—

8tvt.

WMk. BriUin.

487

OalTeston

Boston
Baltimore

Irom

JBxported to—

OPLANDB.

Clddllng Fair

461
693

WmX StuHna Aug. 14

1*80 ofl
aood Ordinary.... ........ 1*00 off Low Middling Stained
this basis the offioial prices for a few of the grades for
On
the past week— Aug. 8 to Aug. 14— would be as follows.

Saturday

.

Dull....

Dull....
Monday.
Dull....
Tuesday
Wednesday Jteady
.

.

Thursday.. yjaiet...
Steady
Friday
Total

»ort.

total.

17

17

Steady
steady
Very steady

1,200

-steady

• •••

tteady

•

Steady

traet.

•

1,200

1,169

800
500

1,897
1,669

1.930

8,500

4,430

257
497

287

«

August

:

FuTUEES.—Highest, lowest and

closing prices at

.

OHRONIOIF

THF.

15, 1903.]

New

York.

367

—

At the Intkbior Towns

the movement that is the receipts
week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
for the

—

corresponding period of 1901-02

is

set out in detail below.

bCC
'^g-e?
II

II

II

ec«

«

«eo
ebdb
KH-"

CO

Id

«

I

II

I

II

II

«

I

co«o
ebeb

,

I

d

!

«e«o
aee>

ttda

Pf>-CT

9

I

(O

(0(0

aai

II

II

II

Id

II

cc(c

cba
a (0^ ^u
19 19 19

•

I

«

CD CO

CD CD

Q040

mO j-j -j^i
oo Om

db-j

(Oco

ccq
»Ja

cboft

II

II

II

03

00^

19
QO CD

II

CC CD

^•3
coco

I

I

I

I

•3a
tO(0

I*

9

I

II

II

II

II

9

I

C0<O

OOM
I

l«

I

I

9

I

I

I

I

9

!

,9

9

I

QD

I

9

fiC

C9

(OCO

coco

CCCD
•j-j

C3M
'

I

CD to

(0«

ani-

9

I

9

:

CD CD

CD CD

COCO
COCO

(CCS

9

I

9

I

9

^-3

=

•a 00

=E

o«

eol
o>.

9

<

9

I

I

I

«

I

I

I

«

I

9

I

I

I

I

9

I

COCO

coco

coco

mO

COM

tOM

tSl^

#

I

9

I

COCO
I

I

I

I

I

I

•
t

I

I

I

I

9
I

I

9

I

I

9

I

II

I

9

II

I

7"

(oi

COCO

0(0
6c6

ODOO

toco

I

9

I

9

I

9

I

CO

tog-

»-M

CD
00 00
^fi

CO

a

a

a
CO

9

I

9

9

19

00

ab*4
coco
I

1

l'?
a

I
'

I

I

M
9
|»

I

o

*?

•

'

a
to
9

I

I

to to

took at Anfvrfirp ....... .......
took at Havre
....
took at UarBellies
...

Barcelona

toek

UTerpooi Btook......
London stock

....«

Continental stocks.... .._
India afloat for Sorope ........

grpt.

Ac, afloat

m

m

:

OCO m; mc^
©co
acaoa(oc;iaoi wtocxaoio

OI

:
•
;

to

r
i«».Mt3
m
(0
Ma

oo:

iom

mm

ea

1^

:
•

:

i<^

to'

i^co
M ^ doco! co^^uao;
ic<>o<co>)co<]eooo^i*>oco^oco aocooo
(«

to<

00^

1(1..

CO

<

Ol

«»•

a (o oioocoiom;
CO
CO » CO M
cji ifk

O
oM

a

•

00

to

to

tOM

M

m;
m; o<m!
•

oito

i.^t3coao(0
to

aDOCoai>-v]t3t3Miooao^i^^coM

too

M

a

oo>-

toto
cooii^
>J CO

».ao

a »3 to Ol 00

M W

II

to
tOM
M
oiaoicoife^cocoaiaa»

o m (o o oo
o
o (xi"co"<i
I^CCM<k.Kia*»OOCl&OOlf»aO»)03CID«4CO<100<»»'XM^llkaocCOCO<-

tf». to CO -q <i 00 to a< co^ _m roo co
c^
1^ CO ODj-" Ol »s to
"aiVs <i'-4 *" od'oooo "aVa (0 co"y>"-J
o*-J o'^'toV to i" (o Vj'v

CO ex

mS

i)>

"oo

cootoaOiB>i^coMcoi(^o<aococ>;ooM(^ato600ke<i-<)aoo3^oiM

o

a

-ito
toco;
O: eo; Ol to
CD, Ol cocoi»totOMMe<;<>.a;
»• c>> -ia^Moicoco.^coa-

CO
ex

ko;
ui'

MOD'
©it'to^aMa;

M
oiMa

MCO

M

tOOOtO

;
',

o

mi

^COcxocCO

too

9

M

»-*«

00:

(0

mIo; aa>coio"bi

1903.

1902.

1901.

1900.

504 000
18 000

489.000
10,00a

318,000" 522,000
34 000
20.000
98 000
6i,000

499 000
19 000

810 000
13 000
323 000
18 000

61000
iOO

86000

28 000

27, COO

41000

CO
i"
bi CO vi cd'm

i''

a m"m

1^

m ooTaa co to co en

moo
too>Jato(i300cn<jio(OMO<iO(o

^ocooocoo- cooac

M »

The above totals sbow that the interior stocks bave ctesreased during the week 2,089 bales, and are to-night 45,498
bales less than same period last year. The receipts at all the
towns have been 11,893 bales less than same week last year.

Overland Movement for the Week and Since Sept. 1.—
below a statement showing ciitr ovariana movement
for tne week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
A.ng. 14 and ninoe Sept. 1 in the last two years are as follows.

We give

3,000

3000

•

200

3.000
100,000
4.000

;

COOOOtOCOOo; M(0<IKI-]OOCOMCaMC;ieOaOOaD<IMODlt^COM

83,00J

4,000
91.000
s 000
14,000
19,000
1 6,000
279 000
627,000

3,000
95,000

3.000

227.000
193.000
31,000
206,603
14,513

415.000
193 000

371,000
181,000
124,000
271,684
143,899
6.562

218.000
2<3.000
74,000
90.152
45,592

t)72.H6

9u6,777 1,038,145

155.068
60,009

700

102000
19 000

86000
90 000

89,000

18000

118,000
10,000
73.200
32,000
1 3,000
75,000
444.000
765,200

2,452

92000
13000

30,200
49,000
27,000
24,000
14,000
13 000
47,000
47.000
872,000
366,000
495 vi'iO
606,000
906,777 1.098,145 663,1 96
1,512,777 1,863.345 1,158.398
42732d.
90.

713i6d.

7d

41532d
80.

6ii6d

7d
4i«d

oiBjad1<J0.

6 lad.
77i8d.
ta.ed.

49i«d.
49i6d.

1901-02

1902-03.

August

14.

WMk.

V a St.
Via
Via
Via
Via
Via
Via

LonlB
Oalro

643

Olnolnnati
other routes,

Between

Interior towns
Inland, &o., from South..........

Total to be deducted

ginea
««p<.

1.

4,532 1,690,759

334
9*496
9,830

80,456

693
125
417

370,134
88,071
68,358

340,419

1,235

601,658

209,861

50102

Leaving total net overland*. ..

t

>f««*.

775 1,447,230

Ao

Total gross overland..... ......
OedHCt thipmentt—
Overland to N. Y., Boston, *c..

1.

8,719 t866,432
228 162,827
1,192
83,093
"225 194,639
21
91,459
l,3i9 852,217

'i82

Louisville

Minet
««»£

747.861
208,404
2.198
29.605
162,429
37.101
259,632

Padaoah
Rook Island

1 9,055 1,106,811
Including movement by rail to Canada,
Deduction greater than overland.

663,196

83000

"
4%d.
4ied.
Continental Imports past we«k have been 84,000 bales.
The above Qgarea for 190iJ show a decrease from last week
of 104,209 bales, a loss of 51,681 bales from 1902, a decrease of
403,329 bales from 1901 and a gain of 303,720 bales over 1900.

tW

coaio-

«>.,

329 000
19 000

11,000
Btoek in Alexandria, £^pt...
8.000
8tMk in Bombay, India.. ...^ 473.000
Total Bast India, dke..,...^ 789,000
Total Ameiiean
672,116
Total risible xnp^nly
1,461,116
IddUng Upland, Liverpool.. 6-84d
Hlddllne Upland, Nfw York,. 12'75o
Bgypt Good Brown, Liverpool 9i5 gd.
Parav. Bough Good, Liverpool
9-Ood.
Broaah Fine, Liverpool.. ...„
S^ga.
nnnevellv Good, UverpooL
'
67ied.
Brasil,

m
a
^-t)!^*^

d

at Genoa....
23 000
16 000
21.000
.,..
•took at Xileste . ......
6 000
9 000
16 000
..
Total Continental stocks.
24^,000 254.200 263 200
Total Bnropean etocks,
764.000 753.200 586.iiOO
India cotton afloat ^or Europe
90 000
24.000
27 000
32000
Ajner. ootton afloattor £'rope.
74 000
81.000
83,000
124.000
nypt.BrasU,Ao.,ftflt.lor E'pe
13,000
14.000
11,000
13,000
Bloek in Alexandria, EgTpt...
47.000
8,000
47.00O
76.000
Btook In Bombay, India
473.000 366,000 444.000 272 000
Btoek In nmtod States ports.. 206,603 155,068 271.634
90,152
Btoek in n.B. Interior towns..
60,009 143.899
45,592
14,513
2 452
United Btatea exports to-da7
700
6.562
Total Tlslblo supply ...^...1,461, 116 1,612,777 l,86i,345 l,16a,3!;>6
Of tke abore, totals ol Amenoan a^nd otber deacrlptions are as f ouo w f

LtTorpool Btook
....bales.
Continental stocks
Amerloan afloat for Knrooe...
United States stook
United SUtes interior Btooks.
United States exports to-day.
Total Amenoan
Matt Indian, Sriuil, de.—

to

^3

00

Btook at Botterdam

feoflk at

.^: .«:
totcoo* oo;

03.

The Visiblb isupply op Ootton to-night, as made up 05
oable and telegraph, is as foUowa. Foreign Btocks, as we!;
aa the afloat, are this week's returns, ana oonsaqnentiy all
foreign Qgnres are brought down to Thursday evening,
Bat to make the total the complete Bgures for to-night
(Aug. 14), we add the Item of exports from the United States,
tnoladlng in it the exports of Friday only.

toekatBremes
_......
took at Amtterdam...^ ......

-j;
c^;
<|.

^ota! m;

bOCO,
c^co'

8100X ftt Liverpool....^baie«.
Biook *t London
,.^^
lotkl Qreftt Briuin «too>^.
Stook kt Hamburg
^^^

5"

M

to

to

KkOBOlCOCOOOtoacoatOM

CO to

*
I
'

to

0(0
CO

«

tota

a

CO CD
00 00

CO

I

-.a',

1^.

»-;

OO

CO<L^

I

II

9

on
CO

»4

i»>*4

'"I
o;

I

OO
oooo
©M OM eo ©6
CD CD

I

II

M

CO 01

:

a>

w

e»;
a<;

COM

;

'

°
00

OO

t-if

O" ti> ao'ift. 05 <». a mId 'to'a o 00 co's '»j"U-o c» cooo w b" m en lo b) co to woo
(Oa'-'W<lCOO'Oao(OCOci>»Jv.»'QOCOCOOTa(DCOOCO^<llMOtotOOM
oD«iaa»j»joo'-0(ooaMC)>r-(oc^o2^i^toooaD<jao<jjoc«oo

;

I
'

M

m— m

a»3> o»3tooco<z)aM<

5

OO
9
M MM
tStO
9

mJ M»q;

>]•

<i«»j^j^_Mpa_<^|OM_o»_(y»_*.ppo<i<jeo<^_(»Mj«'_Map_QDao«<i

m

MR
M«

(CO

9

coco

is

MtOOCMCOCOMM^-tOCOWCOa^-^COM

to to

aa
09 a<

(oq
(OO

(OCX

(0(0
>3ab

I

I

i

9

^a

CO
I

I

coco

coco

0

9

I

ODO
I

9

I

-aw
I

I

(OCO

ace

C0<1

09

coco
I

9

I

I

to ex

I

I

coco

coco
coco

M-

ba!
<oi

00

os!

mCO

(ono

to',

coco

»9:
§!

coo
to 10

I

oo
a^ oo
OOD

wee

H

«

9

^^ ^^

(CCO

coco

Ob CO

I

oo

(ca

^to

(0(D

CD(0
(cce

§

H HOBO

«

oq

(COO
kOU>

I

ka

'

w=
9
MM
qq
ao<

Ct-M

CD QD

CD CO

K^ob
COO)

Wj»>'

a(0

I

I

I

I

9

00 OB

a

OiCO

I

Oio

Pips ill
4?

(k)

MM MM
oo MM
c»«k
(CM oo
oo

toco

(cco
I

(0(0
obob

00 •J
I

(EO

-ja

o

9

I

10

>]a

OD»a

19

(001
I

coea

«

I

COCO

<o«o

(0(0
OiOQ

•j-j
CBOD

4

o>aci

«(e

w« oo M —

3,297 1,189,201

loregoing shows that the week's net overland movement
year has been
bales, against 3,297 bales for the
veek in 190S, and that for the season to date the aggregate net
iverlaad exhibitg a decrease from a year ago of 82,390 bales.
I'nla

ihia

In Might and Spinnen
Taking$.

^••Jt.

Receipts at ports to Aug. 14
Net overland to Aug. 14
Southern consumption to Aug. 14.

Total marketed
Interior stocks tn excess

Came Into

sight during week.
Totalln sight Aug. 14

1901-02.

190S-0S.

Sine*
Mtvi.

_

^

Bintt

1.

1.113 7,637.441
9.441 7,463,944
3,297 1,189,201
{9,055 1,106,811
30.000 1,978,000 88,000 1,806,000

22,05810722262 60,738 10459145
•2,089

t48,566 *4,917

169,256

45,821

20,019

10673687

10389889

North'n spinners' tak'gs to Aug. 14
2,087,410 58,097 2,176,924
* Decrease during week.
t Less than Sept. 1.
t Deduction.
Movement into aight in previous years.
Veen—
Balei.
Since Sept. 1—
Balet.
L901-Aug. 16
41,031 1900-Ol-Aug. 16
^10,347,782
1900-^ Aug. 17
31,137 1899-00— Aug. 17
9,116,673
1809— Aug. 18
39,615 1898-99— Aug. 18
..11,164,451
1898— Aug. 19.
27,591 1897-98— Aug. 19.....^11,021,182

.

..
.

THE CHRONICLE.

358

Quotations fob Middunq Cotton at Othkb Mabkets.Below are closing quotations of middling ootton atSouttierr
and other prinoipal ootton markets for each day of the week
Wetk ending
Aug. 14

Wednes.

Tue$.

18

New Orl«»nfl 18%
Nominal.
MobUe

12

12°^

l«i«
1288

ISOg

Tkurt.

Fri.

12ie
12Bg

12ifl

1288

Nominal. Nominal. Nominal. Nominal. Nominal.

IS
..

12%

12%

12%

12%

12%

ViU

Bavuin&h..

CbarlMton

Man.

JBatur.

13

Oalyeaton...

OH—

OLOaiMO QnOTATIORB FOB MIDOLINO OOTTON

12H

12Vi

I214

I8I4

I2i«

WllmLngton. Nominal. Nouiinal. Nominal. Nominal. NomlnaL Nominal.
12i«
12>«
12>«
Norfolk
12>«
1212
I2ifl
12-75
12-75
Boaton
1276
1275
1276
1275
13
Baltimor«
13
13
13
13
13
13-00
13 00
1300
PhU»deipIila 13 00
1300
1300
13
13
13
IS
Ao^Bta
13
13
.

Msaphls
St.

I2"ie

12%

I20ia
12i«

159,8
12ig

18

12

11
11»«

11
lilt

12
11

12

11

.

12ifl

12

Hoaston
OlBOlnnatl

i2»ia
121a

129l6

121s

Loals

11

12
11

lli«

nil

lli«

in«

Utile Rook.

I29,e

The closing quotations to-day (Friday) at other important
Southern markets w ere as follows.
AUienc. ........ .....
12is
Atianta
13 >«
Cliarlotte

OolmnboB, Oa. li^

I

ColambOB.MlBB 13
Enlaala

Nashville

12i«

Natohei

12'^is

Louisville

I

Raleigh
ShreTeport...

12''8

Montgomery... 1219

Option Uarkkt.—The highest, lowest and
olosing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
ueaday.^Wed'day, Thurtd'y Friday.
Sat'day. Mondt
I

Aug.lO

AvavsT—

—

Ranee

Olosing

Atig.12.

Aug. 13. Aug. 14

l2-90»-00 13 009-10 12-95W-03 1300» l2-76»-90 12 869 00 13-00O-0ail2-8S9-00 12-989-00

1»-86 12-8S'»-87

—

CloBinfr... ia-76»

Sbpt'beb—
Range

Aug.ll.

10-55 9-61 10-69ai-7S 10-719 85 10-87»-07' 10-900-98 10-939'99
10-SS9 6« 10-68a 69|l0-83»'85 10-96» 97, 10-909-91 10-97®-99

. .

OOTOBKB—
9-64« 70 9-67'9-74t9-71'»-79 9'78«-88l9-76«-82 »-79«-85
8-64«b5 9-71»-72 9-77t>-78 9'79«-80 9-76«-78 9-849-86

Range
Cloalng

. .

Dec'beb—
Range
Closing

9-46«fil f>-48«-.'0 9-51«-59 9-58W-67 g-se-a-ea 9-59« 64
9-46«-47 9-589-64 9-88«-5B 9'59'O-60 9-56»-67 9-63964

.

JANTJAET—
9-48»-52 9-529 5H 9-68'»-59 9-81f»-70 9 60»-62l9 60'»-68
Range
9-47®-48 9 5i9-55 g-sg^-ei 9-61W62 9-579-59 9659-67
Olosing
.

TOHB—
Easy.

Spots

Basy

Quiet.

8t<*ady.

Steady.
steady.

Steady.
Steady.

Steady.
Steady.

LXXVII.

San Antonio, Texas.—There has been only a trace of rain
during the week. The thermometer has averaged 80, the
highest being 9^ and the lowest 70.
Weatherford, Texas.— There has been rain on two days
during the week, the precipitation reaching sixty-seven hundredths of an inch. The thermometer has averaged 86,
ranging from 70 to 101.
Aete Orleans, Louisiana.—There has been rain on four days
during the week. The thermometer has averaged 83.
Shreveport, Louisiana.— The week's rainfall has been fortyfive hundredths of an inch, on three days.
Average thermometer

83, highest 95, lowest 71.
Columbus, Mississippi,— There have been showers on five
days the past week, the rainfall reaching three inches and
twenty-five hundredths.
The thermometer has averaged 78,
the highest being 98 and the lowest 58.
Leland, Missisaippi.—Rsiin has fallen during the week to
the extent of one inch. The thermomete rhas averaged 76*1,
ranging from 64 to 89.
Little Rock, Arkansas.—There has been rain on five days
during the week, the rainfall being one inch and seventytwo hundredths. Some claim that there is too much rain
for ootton in bottom lands.
The thermometer has averaged
78, the highest being 90 and the lowest 66.
Helena, Arkansas. Cotton is growing rapidly. The corn
crop is immense. It has been showery on three days of the
week, the precipitation reaching one inch and sixty-eight
hundredths.
The thermometer has averaged 77'7 ranging
from 67 to 89.
Memphis, Tennessee.— The weather has been favorable and
prospects are steadily improving.
It has rained on three
days during the week, the rainfall being sixty hundredths of
of an inch. The thermometer has ranged from 69'2 to 87'2,
averaging 77'7.
Nashville, Tennessee.— We have had rain the past week to
the extent of ninety-nine hundredths of an inch. Average
thermometer 77, highest 90 and lowest 68.
Mobile, Alabama.— la a few localities it is claimed there
has been too much rain, and two points report worms in
small numbers; but generally condition is favorable. We
have had rain on four days of the past week, the rainfall
reaching three inches and fifty-nine hundredths. The thermometer has averaged 80, the highest being 92 and the

—

New Orleans

Aug. 8

[Vol.

Qnlet.

lowest

70.

Montgomery, Alabama.— Cotton continues to improve and
open bolls are appearing. There has been rain on four days
Weather Reports by Telegraph.— Reports to us by tel- during the week, the precipitation reaching twenty- five
egraph from th»j South this evening are as a rule of a very hundredths of an inch. The thermometer has averaged
80,
favorable character. Temperature continues satisfactory for ranging from 70 to 93.
the plant, and while rain has fallen in most sections, the
Selma, .4Za6a7wa.— Conditions are nearly perfect. There
precipitation has been moderate or light, except in a few dis- are
a few reports of worms, but no damage. It has rained
Our Texas advices indicate that on one day during the week, the rainfall being forty-five
tricts of the Golf States.
the crop of that State is in excrllent condition and some cor
hundredths of an inch. The thermometer has ranged from
respondente elsewhere report farther improvement. There 73 to 97, averaging 85.
are a few complainte of too much rain, and worms in small
Madison, Florida.— There has been rather too much moisnumbers are claimed to have appeared in portions of Ala- ture the past ten days. We have had rain on five days of
bama, but without damage.
the past week, the precipitation being one inch and fortyGalveston, Teaoa.— The cotton crop of Texas is in excel- three hundredths. Average thermometer
83, highest 92 and
lent condition. We have had rain on three days of the past lowest 74.
week, the rainfall being eighty hundredths of an inch. The
Augusta, Georgia. Favorable conditions continue. The
thermometer has ranged from 70 to 88, averaging 79.
crop is making good progress. We have had rain on two
Abilene, Tearas. — We have had rain on one day the past days during the week, the precipitation being sixtyeight
week, to the extent of eight hundredths of an inch. Aver- hundredths of an inch. The thermometer has averaged 82,
age thermometer 83, highest 98, lowest 70.
the highest being 93 and the lowest 71.
Brenham, lexaa.— There has been rain on one day during
Smyrna, Georgia.— There has been rain on one day during
the week, to the extent of one ^hundredth of an inch. The the week, to the extent of four hundredths of an inch. More
thermometer has averaged 81, the highest being 93 and the rain would be beneficial. The thermometer has averaged
lowest 69.
78, ranging from 65 to 89.
Corpus Chriati, Texas. Rain has fallen on two days of
Savannah, Georgia. It has rained on four days of the
the past week, the rainfall reaching forty-aeven huudredths
week, the rainfall reaching seventy-six hundredths of an
of an inch. The thermometer has averaged 83, ranging from inch. Average thermometer 82, highest 93, lowest 70.
74 to 81.
Stateburg, South CaroliTUi.— Cotton is progressing finely.
Kerrville, Texas.— We have had no rain during the week.
There has been rain on six days during the week, generally
The thermometer has ranged from 65 to 90, averaging 78.
Average thermometer 80, highest 91, lowest 66.
light.
LfOmpaisaa, Texas.— We have had no rain the past week.
Greenwood, South Carolina.— Cropa, although late, are
Average thermometer 82, highest 98, and lowest 67.
doing remarkably well. We have had rain on one day of the
Cuero, Texas. — We have had rain on one day of the past past week, the rainfall reaching twenty-five hundredths of an
week, to the extent of five hundredths of an inch. The inch. The thermometer has averaged 81, the highest being
thermometer has ranged from 69 to 94, averaging 83.
91 and the lowest 71.
Dallas, Texas.— There has been rain on two days of the
Charleston, South Carolina.— We have had rain on five
week, the rainfall reaching nine hundredths of an inch. Aver- days of the past week, the rainfall reaching two inches and
age thermometer 83, highest 98 and lowest 67.
eleven hundredths. The thermometer has ranged from 71
Henrietta, Texas.— It has rained on two days during the to 93, averaging 83.
week, the rainfall being two inches and seventy' eight hunThe following statement we have also received by telegn^aph,
dredths. The thermometer has averaged 87, ranging from
showing the height of the rivers at the points named, at
67 to 106.
3 o'clock Aug. 13, 1903, and Aug. 14, 1902,
Euntsville, Texas.— There has been no rain during the
Aug. 18, '03. A^tg. 14, '08.
week. The thermometer has averaged 81, ranging from 69
Options...

I

Steady.

—

—

—

to 92.

Longview, Texas.—There has been rain on one day the
past week, to the extent of ten hundredths of an inch. The
thermometer has averaged 85, the highest being 97 and the
lowest 72.
Luling, Texas. There has been rain on one day during
the week, to the extent of two hundredths of an inch. The
thermometer has averaged 80, ranging from 68 to 91.
Palestine, Texas.— Thvre has been rain on two days during
the week, to the extent of thirty hundredths of an inch. The
thermometer has ranged from 70 to 90, averaging 80.
Paris, Texas.— Riin has fallen on three days of the week,
the rainfall reaching one inch, Average thermometer 86,
highest 103 and lowest 69.

—

F44t.

8-8
12-6

30

ttemphlB...... .... ......Above sero of gauge.
Above zero of gauge.
ffaahvllle.....M..
Above lero of gauge.
Ihreveport.... ....
Above tero of gauge
yioksbnrg

FuL

6-7
12-6
4-3

dew Orleani.... ...... Above sero of gauge.

14-3
81-8

17 4

2-8

South Carolina's First Bale.— The first bale of the South
Carolina cotton crop of 190304 reached Augusta, Ga., Aug.,
13 and was sold by auction the same day, for 20 cents a
pound to A. B. Baxter & Co., of New York.
Importations of American Cotton. Arrivals of American cotton from abroad this week, have been 4,829 bales from
Liverpool, 19 bales from Southampton, 356 bales from Havre

—

and

8,600 bales

from Bremen.

.

August

THE OHKONIOLE.

15, 1903.J

COTTOX Crop Circular. —Our Annual Cotton Crop Review
will be ready in circular form about Friday, September 4.

Oet. 1 to

TaUngs by

Mtetipti at-

Bomb»7

MiH$t
IfMAt.

Mtpt. 1.

MiHtt

Wttk.

Mtpt. 1.

Mtpt. 1.

8,000 1.915,000

4,000 2,122,000

6,000 2,466.000

Minet Btpttmbtr

ror (A* Wttk.

1.

Muporti
Qrtat

from—

OoHtintnt.

Britain.

lotai.

Oontintnt.

Britain.

1,000
3,000

1,000
1.000
3,000

77,000
9,000
68,000

904,000
491.000
565,000

981,000
600,000
633,000

1902-03..
1901-08..
1900-01..

3,000
2.000
2,000

8,000
2,000
3,000

6,000
3,000
4,000

48,000
48,000
48,000

63,000
51,000
47,000

1902-08..
1901-02..
1900-01..
All other*—
1908-08..
1901-02..
1900^)1..

3,000

3,000

i^ooo

r.boo

9,000
S.OOO
8,000

28,000
16,000
19,000

37,000
19,000
27,000

8,000
5,000
5,000

13,000
5,000
6,000

38,000
5.000
15,000

183.000
121,000
187,000

216.000
126,000
142,000

1,000

Oaloatt*—

5,000
i",6od

total aU—
1908-03..
1901-02..

6,000

1900 01..

r.bbo

20,000
8,000
12,000

14,000
8,000
11,000

Receipts (oantars)*—
This 'week....
Since Sept. 1

Minet

(bales)

4ept. 1.

1900-01.

fAif
wttk.

Minet
Mtpt. 1.

Mtpt. 1

3,000 853,000
3,000 400,000

2,000 323.000
5,000 618,000

3,000 321,000
4,000 355,000

Total Earope

6,000 753,000 7,000 841,000 7,000 676,000
98 poande.
t Of wMoh to America In 1902-08, 88,179 bales; \x, 1901-08, 104,215
bales: in I90O-0I, 56,000 bales.
*

A e&ntar is

Manchester Market.— Our report received by cable
to-night from Manchester states that the market is firm
for both yarns and shirtings.
Maoufacturers are generally
complair ing.
give the prices for to-day below and leave
those for previous weeks of this and last year for comparison.

We

1902.

1908.

8H

lift.

82< Oop. ingt,
Twist.

d.

••

17-!%

•'

24|3

" 319

Mhirl-

s.

d.

Ooten 00 ii
|8^ '^«' Mhirt- Oott'y*
J^ .!^' \ings, common Mid
^^«'Uplds
UpUU
to finest.

common Mid

to finest.
8.

6 8i«98
i>9h» 5 9 08
09>* 5 10 08

j-yiosnigogis

7,883,000

473
481-4
i, 358,651,000 3,795,067,000

. .

According to the above, the average weight of the deliverie.'^
Great Britain is 496 pounds per bale this season, against
501 pounds during the same time last season. The Continental
deliveries average 473 pounds, against 48S pounds last year,
and for the whole of Europe the deliveries average 481*4
Our
pounds per bale, against 493-0 pounds last season.
lispatoh also gives the full movement for this year and last
year in bales of 600 pounds.

d.

d.

6-50
6-44
6-60
71a 6-60
7^1 6-66
7'fl 6-84
6

6

A.

7^

d.

8.

OSSigls

708 08i« 15
5
73i6 »8
«7l3i6'5
7
6i5i6«7% 5
7
07% 5

B.

d.

«8
»7 10i«
•7 S
«7 7^
«7 6

Bales of

Aug.

600

lbs.

1901-02.

1902-03.

1.

taek,

Oreat
Britain

000* omitted.

Continent.

Total.

ereat
Britain

ContiTotal.

nent.

Takings to Aug. 1.... 2,873,

4,717,

7,690,

2,850

317.
4,388.

853,
7.188,

Supply.... ............ 2,928,
Oonanmpt'n,43 weeks 2,735,

5,035,
4,214,

7,963,
6,949,

2,836.
2,768.

4,656,
3.990.

7,641,
6,748,

193.

821,

1,014,

665,

793,

65,

98,
98.
98,
98,
98,
98,
98,
98,
98.
98,

163,
163,
163,
163,
168,
163,
163,
163,
168,
163.

92,
92.
92,
92,
92,
92.
94,
94,
94.
94,

152.
158,
158,
188.
158.
154.
166.
158.
160.
160,

Spinners' stock Oct. 1

Spinners' stock Aug.

318

55,

1

36,

378,

128

Veekly Consumption,

000s omitted.
In October...
In November
In December
In January .........
In February

65,
66,

66,
65,
65,
65,
65,

In March ..... ......
In April
In May
In June

60,
55,

60.
66,
66,
66,
66,
62,
68,
62,
66,
66,

Our cable states that Mr. Ellison has increased his consumption oa the Continent for the current season on account
of the reduced receipts in Russia from Asia.

mne*

Ikxt
vauk.

—

To LlTerpool
To Continent t

4,987,000

For 1901-02.

In July

2,000
5.458 000

6.468'6o6

5.742'60O
Tkit
wttk.

of Cotton.—

1901-02.

1902-03.

Aug. l2

Exports

124.000 1,163,000 1,287,000
20,000
676,000
696,000
95,000
754,000
849,000

and Shipments

Alexandria Receipts
Alexandria, Egypt,

2,896,000

spinners. . .bales

2,844,000
Takings by spinners. bales
4,445,000
7,289,000
501
488
Average weight of bales.lbs
493-0
1.424,844,000 2,169,176,000 3,594.020,000
Takings in ponnds

Oet. 1 to

HadTM—

Total.

total.

Bombky—
190S-03..
1901-02..
1900-01..

Continent.

in

Minet

IfM*.

1900-01.

1901-02.

Qreal Britain.

1.

496
Average ait eight of bales. lbs
1,436,416,000
Takings in pounds

India Cotton Movement from all Ports.— The receipts
of cotton at Bombay and the shipments from all India porta
for the woak ending Aug. 13, and for the season from Sept. 1
to Aug. 13 for three years have been as follows:
1908-03.

Aug.

For 1902-03.

the circular in quantities, with their
business card priated thereon, should send in their orders as
eoan as possible, to ensure early delivery.
desiring

Parties

359

d.

5
5^32
42132

Government Weekly Cotton Report —Mr. James Berry,
Chief of the Climate and Crop Division of the U. 8. Weather
Bureau, made public on Tuesday the telegraphic reports on
the crops in the Southern States for the week ending Aug. 10,
summarizing them as follows:
Generally cotton has made favorable progress, but continues unusually late. Some complaints of rust are received from South
Carolina, Florida aiid Mississippi, but as a rule very little complaint
of rust or shedding is reported. The crop has made good growth
throughout the belt and Is generally well fruited. No pioklntf Is
roDorted, and it is estimated that this work will not be general In
Texas before September 1.

—

Shipping News. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 8,566 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Total bales.

New Yoek—To Barcelona, per steamer Montserrat. 850
New OELBAN8 -To Havre- Aug. 12 -Steamer Dortmund, 3,046

To Bremen -Aug. 12 -Steamer Irak, 3,135
To Hambnrg-Aug. 12-8tr8. Dartmand, l.Olo; Irak, 33...
Galveston -To Bremen—J aly 31— Steaoier Koln, 239
To Hamburg— Aug. 12-Sieam6r Alexandria, 248

850
3,046
3,135
1,048

239
248

98
4''«
Total
©8
8,566
0ia?>7 7
•8
427a2
Liverpool. By cable from Liverpool we have the following
New York Cotton Exchange,— A number of amendments statement of the week's sales, stocks, &c., at that port.
to the by-laws of the N«w York Cotton Exchange will be considered at a meeting of the members to be held at noon on
July 24. July 31
Aug. 7
Aug. 14.
Monday, Aug, 17.
One amendment provides for a new
of the
bales.
67,000
SO.ouu
Sl.UUi
37,000
section to the effect that any member shall be entitled to one Sa eswhi^h week
Of
exporters took.
8,00n
17,000
4,000
9,000
card of admissioa to the floor for his bona fide clerk, upon
Of whloh speculators took
2,000
2,000
2,000
2,000
the payment of an annual fee of $500, but such clerk shall Sales American
54,000
26,000
25,00(i
29,000
6,000
17,000
19,00C
13,000
enter the trading ring only to transmit messages to or from Actual export
•9'*

10
Aug,7i8i5i6'9i« 5 9
" I4I9
09«8 5 9
5

—

.

their principals
a substitute may be admitted at the discretion of tbe membership committee.
The other amendments provide for the elimination of the
"sixty-day notification" in certain sections dealing with a
member's announcement of inability to meet his obligations,
thereby forfeiting hia rights and privileges on the Exchange
and in eections relating to a member's death while under
;

;

suspension.
John
The following new members have been elected
Wells, of Wells & Porch, Galveston, Texas William S. Ray,

Forwarded

Total stock— Estimated

Of whloh American—Est'd.
Total Imoort of the

week

Of which American

Amount afloat

Of which American

36,000
431,000
339,000
20,000
11.000
46,000
15,000

28,000
890,000
802,000

3,000
1,000
47,000
15.000

41,000
371.00C
267,000
42,000
16,000
20,000
7,000

37,000
329,000
227,000
7.000
26',0<>6

7,000

The tone of the Liverpool market for spots and futures
each day of the week ending Aug. 14 and the daily closing
prices of spot cotton, have been as follows.

:

;

<8po(.
Sat'day. Monday. Tuesday. Wed'day fkursd'y Friday
George Copeland & Co., and Joseph C. Robinson, of T. M.
Robinson & Co., this city.
Market
Quiet.
Mr. Thomas J. Brophy, for a number of years with the 12:30 P M. Moderate Moderate Moderate Harden'g galet.
demand. demand, demand,
of S. M. Weld & Co., will go with Messrs D. J. Sully &
firm
6-72
Mid. Upl'ds.
6-84
684
Co. on Monday next.
6 64
684
666
New England Cotton Mill Situation.—Further curtail- Sales
6 000
8 000
4,000
6,000
6,000
5,000
l,t00
500
1.000
3,000
ment of production by the cotton mills of the North ij to be Spec. & exp.
2,000
1,000
noted this week.
Futures.
European Cotton Consumption to August 1.— By cable
jteady at Steady »t Steady at Firm at Steady at Quiet at
Market
I pt.
partially 2&S pti. 4^5 Dta. 243 pU.
1 pt,
to-day we have Mr. EUison's cotton figures brought down to
opened.
adyanoe. 1 pt. dec. adyanoe. advance. ftdyanoe.
decline.
August 1. We give also revised totals for last year that
Qnlot at Very Bt'dy Steady,
Unlet at Steady at Steady at
Market,
comparison may be made. The spinners takings in actual
UDCb. to 1!^®11 pts ^ pt. dec. H®i pti.
'&314 Pts.' unch. to
4 p. M.
advance. '4 pts. adv. 7H Dts. ad. H(3 vHnov togpts.aJ. advance.
bales and pounds have been as follows:

of

(

I

;

1

.

THE OHBONICLE.

360

prices of fatares at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clanse, unless otherwise stated.
Thus: 5*67 meant
_^^ The priest are given in pence and 100(A.
<

^^lOOd."

Hon.

Tnea.

Aug 10

Sat.
Aug. 8

Aug. 11

1 12>al 4
18>a 4
P.M. r.H.r.H. P.M. P.M. P.H
<f

6 36
ag.-8ept... 6 27
September.. 6 27
Sept. -Oct.... 5 77
Ooi-Nov.... 6 40
Nov.-D««.... 531

Aagnst

I

5

d.

d.

6 35 6
6 2S 6
6 28 6
6 78 5
5 41 5

315 33

26 5 27 S
5 26 6S6 5
Feb MelJ. .. 6 25 5 26 5
Moh.^orll.. 5 25 5 255
April-May..
I>««.-Jftn.... 5

/•n.-Feb

d.

d.

38 8 39 6 41 6
30 631 a 66 6
30 6 31 6 36 6
80 5 79 5 81 5
42 5 41 5 42 5

32
27
26
26

29
28
28

5 32

Tkurs.
Aug. 13.

Aug. 12.

[12i«

4

I2ia

MI.

27 5 25 6 27 6

4

laifl

P.M.jP.M. P.M. P.M. P.M.

d.

d.

d.

d.

4: 6 66 6 58 6
5- 6 46 6 43 6
37 <}46 6 48 6
81 S 86 5 84 5

42 5 46 5 44 5
S 36 6 33 5
27 5 32 5 29 5
2t 5 30 5 28 5
26 5 30 5 27 5
2e 5 29 5 27 5

53!

5 29 5
5 2S 5
5 37 5

4

Frl.
Aug. 14.

54
45
45
84
44
34
30
29
28
28

d.

d.

6 67 6 57 6
6 48 6 48 6
fl4d 6 48 6
5 85 5 87 5
5 16 5 47 5
5 35 5 37 5
5 31 5 3215
5 29 5 315
5 29 5 30 6

6 28 5 SO 5

69
49
49
89
43
36
31
30
29
29

May- J one...

Jute Butts Bagqisg, &c.— There has been a quiet market
ate bagging daring the week, bat prices are nooainally
at 534:0. for l^£ lbs. and 6c. for 2 lbs., standard
grades. Jate butts continue dull at 13^@15^c. for paper
gradts and 2@2'^c. for bagging quality.
for

j

uncaaaged

BREADSTUFFS.
Friday, August 14, 1908.
Although buyers a3 a rule have not been operating in a large
way, a fair volume ofbasineaa ha? been trausacted, and tde
market has shown" a firm undertone. Kansas winter-wheat
straights and low-grade winter- wheat fljura have been In
small supply and havd sold at full values. Tae demand for
spring- wheat patents has been limited to carload lota to
cover immediate wants, but prices have been firmly maintained. Rye flour haa been in fairly active demand at steady
Corn meal has been iu moderate demind and firmer.
prices.
Speculation in wheat for future delivery has been fairly
active at steadily advancing prices. Speculative buying for
investment has continued the feature of the trading and has
been induced by the character of the crop iaformation. The
montlily Bureau report was issued early in the week. It
was figured from this report that the prospective yield of the
three leading spring- wheat States will be 168,000,000 bushels,
comparing with 186,000,000 bushels, last season's yield!
The movement of the winter- wheat crop has conStill another
tinued small for the season of the year.
factor that has favorably infiaencei the market his been the
unfavorable weather conditions reported for the crop in
Europe. Exporters have been showing renewed interest,
and during the latter part of the week there was fair buying
of cash wheat here and at outports, at advancing prices. Today the market was fairly active and higher on stronger
advices from the Northwestern markets and from Europe
The spot market was moderately active and firmer; sales for
export here and at outports were 170,000 bushels.
•ULT ai/>uiia PUOBS or mo. 8 bbd wihteb whb^t n

NEW¥ORK

Wed.
87

Sat.

Cash wheat

t.

0.

b

Sept. delivery In elev
Dec. delivery In elev....
May delivery In elev

SfoH.

Tue*.

86ifl

8688
8638
85»«

8658

85 »«
86

85%

85%

86%

87as

8S38

87

87%

87^

87

aS's
87B8

87%
89%

fri

Tfiurt.

88
88>a

88''8

CHICAQO.

DAILT OLOfllHO PHIOU OW S X S BPKOIO WHEAT IN
8at.

Sept. delivery In elev....
Deo. delivery In elev
May deuver; in eiev

Hon.

Tuei,

S0i«

79''8

80

8OI4

Tkur$.
Si's

Wrt
8278

80 89
82 83

80>4

80k
82%

80*^8

82)fl

SSk

82%

Wed.

81Bg
84
Indian corn futures have been moderately active and
firmer. The Bureau reports issued on Monday had little
Daring the latter
effect one way or the other on prices.
part of the week the market was inflaenced by the character
of the crop news received from the corn belt. The weather
was reported unfavorable, complaints being numerous of too
low temperature, which was retarding the growth of the crop,
and this had a bullish effect. The "Cincinnati Price Current"
says "The condition of corn is slightly improved by rain,
but it is too cool for seasonable growth. The plant is generCorn in low ground is generally
ally healthy, but uneven.
earing well. The position of the plant indicates a possible
two billion bushels. Th^ spot market haa been firmer and
there haa been some improvement in the export demand.
To-day the market was easier under more favorable weather
The spot market was steady. The sales for exports
reports.
here at outports were 150,000 bushels.
OAiLT OLOsiae nuoM op ho. 2 mixbo ooui
NBir rORK..

83

:

n

aai.

Uaoh

eom

{.

0.

b

Sept. delivery In elev
Deo. delivery In elev

59>4

68%
59^

Jfon.
69>«
581«

ritet.

Wed.

591a

59

69»«
59>«

58^

5888

59%

62^
62%
628g

5218

52
52

62i«
52»4

Pri.

60

60

59i«

6914
69is

58%
OBI O AGO.

DAiLT OLOsiae pmiosa ot no 8 MIXBD OOSH III
Mon.
Wed.
Sal.
Tuet.
Sept. delivery In elev
Dec. delivery in elev
May delivery In elev

Thurt.

TKurt.

9r*.

6278

52''8

68

53i«

52»8
5278

SSis
62%
63ifl
53%
the Western market have been

Oats for future delivery at
moderately active and the tendency of prices has continued
towards a higher basis. Reports of a disappointing yield
from the new crop have continued to be received. Rust has
been quite generally reported. Receipts at primary market
have been limited. The spot market has been fairly active
and firmer. To-day the market was easier under a slight
increase in the receipts.

NBW YORK.

OAILT OLOanO PBIOBB OP OATS IH

The

below.

—

.....In
8 mixed

*<*'*•

;??'•

.

38

elev
Vo. a white In elev

«fo.

LXXVII.

[Vol.

*^««'

38
39
4ii«
41
40>fl
DAiLT OLOBiMQ puaaa op ho. 8 mubd oatb
Sat.
Mon. Tuet

31%
35%
37%

Sept. delivery in elev
Deo. delivery In elev
May delivery In olev

34%
35%
37%

**«»«
39
42

^«<*-

39
42
hi

m.
39
42

CHICAGO.

Wed.

thurt.

Wri

34ifl

84'8

36

36%
38%

35%

36%
36%
38%

3778

3668

38%

Following are the oloalng quotations:
PLOUR.
....
9 ....
Patent, winter.... f4 00 «4 25
$2 85 f>2 96
OltymillB, patent. 4 90 «6 40
xtra. No. S.
8 90 03 06
Ryefloni.snperflne 8 90 93 60
xtr»,No.l..
3 15 93 25
Buckwheat flonr..
Momlnal
aitm..^..^^...^ 8 40 «4 00
Oorn meal—
straights.......... 3 78 •4 70
Weetern.eto...^ 3 25 «3 30
Pateat, spring.... 4 80 96 55
Brandywlne
3 30 •S 35
(Wheat floor in saohe aalla at prloea below thoae for barrels.)
ORAIR
iVheat, per bas>^ —
0.
o.
Com, pet bUBh.—
<«.
0.
H. Dal., No. 1 New f. 0. b.9788
Weetem mixed
87% 960
irthern DuL. N0.I f.o.b.9668
No. 8 nolxed
..
1 0. b.60
Red winter. No. 8 t. o. b.88''8
No. 8 yellow
t o. b.61%
Korfn Dul. No. 8. f. o. b.9588
No. 8 white
f. 0. b.60%
ats— Mlx'd.p.bash. S8%*40%
Bye, pap bnah—
White
...^. 41 f»46%
We
/estern ..„.
....53%i»59
No. 8 mixed
39 •41
State and JerB«7......80 o69%
No. 8 white....... 42 943
Barley—West
53 «60
Feedlne
60%«53
Exports of (ilraln and Floar from Paeifle Ports.—
Telegraphic reports indicate that there have been no exports
of flour and grain from Pacific ports for the week ending

rme...^

...^

•nperflnft,

._.,

..^

.,

August 14.
The exports to foreign countries for the period since
July 1, 1903, and like figures for the corresponding period of
1902 are given below.
Exports

Flour,

from—

bbl$.

San Fran.

Wheat,
bush.
58,445
20,716

Corn,

Oats,

b%ith.

bush.

Portland..

101,943
76.465
69,099

Total....
Tot. 1902.

247,607

216,500

2,016

3 55,000

1,676.000

226

Pnget 8'd.

2.016

198

Barley,
bush.

Rye,
buth.

92,748

34

137.339

232
92,746
452.898 1,033,144 20,000

Government Weekly Grain Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the U, S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States for the week ending
Aug. 10, as follows
Corn.— Corn Is making favorable progress in the central and western
portions of the oorn belt, but In the upper Ohio Valley and Middle
Atlantic States the outlook is less promising. While the improvoment
has been generally decided la the Staties of the Missouri and npper
Mississippi valleys, in the more northerly portloqs of these Slates the
crop Is In need of warmth.
Spring Wheat.— Rains have checked somewhat the progress of
:

spriiig-wheiit harvest, which, however. Is now general throngh>at the
spring-wheat region. In North Dakota recent weather has been favoraoie for the develooment of late grata, while In Southern Minnesota,
rast, fly, and chinch bugs have serloasly aflaoted the crop. Harvest la
advancing rapidly in Oregon and will soon begin in Washington.
Oats.-Oat harvest Is nearly finished exoept la New York, where It
has just begun. The reports generally Indicate that yields are dlsap

pointing.

Agricultural Department's Report on Cereal Crops,
&c., August 1.— The Agricultural Department issued on the
10th inst. its reports on the cereal crops for the month of
July, as follows.
The monthly report of the Chief of the Bureau of Statistics of the
Department of Agriculture will show the condition of oorn on Augnst
1 to have been 78-7 as compared with 79 4 on July 1, 1903, 86" 5 on
Aug. 1, 1902, 54 at the corresponding date In 1901 and a ten-year
average of 84-4.
The condition of corn on July 1 and August 1 in each of th;e
last four years and the ten-year averages for August 1 is
shown in the following:
CONDITION OP CORN.
1903.
ri

stales.

1-4

1902.
iH

t

H

1901.
ri

74
72

Iowa
Missouri

,

Kansas
Indiana
Nebraska..
Ohio
Michigan
Wisconsin
Minnesota

,

,

,

Texas
Tennessee

,

Kentucky... .»..
Pennsylvania..

71
67
76
76
76
77
73
76
95
85
79
80

78
74
74
73
76
78
75
76
75
81
88
86
82
84

95
93
100
103
97
101
91
67
88
88
38
78
86
92

1
91

51

90
102
99
90
00

67
29

87

67
81
83
41
95
91
82

190O.

H

i-i

»1

5=

•^

Illinois

fi

19

57
36
73
86
70
78
48
57
53
92

89
87

70
74
84
88
78
88
87
89
64
88
88
87

a.

^

•^

86
108
99
71
98
85
98
98
98
94
76
79
92
90

92
102
101

93
89
93
90
88
88

80
77
•

41

88
91

87
86
87
77

90
79
88
88
89
90
74
87
87
89

Average U. S 78-7 79-4 86-5 87-5 84-0 81-3 87-5 89-5 84-4
Prelminary returns Indicate a winter-wheat crop of about 410,000.000 busnels, or an average of 12'4 bushels per acre as compared with
13'8 bushels last year.
The following table shows the estimated average yield per acre In
the twelve principal winter-wheat States In 1903 and 1902.
Sidles—
1908.
1902.
1903.
SlaUs—
1903.
18-0
8-7 Pennsylvania ... ... 15-6
140
Kansas
.
11*6
14-6
18-2 Oklahoma.
8-1
...
Missouri ... ...
0-0
13-8
California.
150 Texas
........ ... 13-4
6-«
71
150 Tennessee
...
Indiana
100
17-4
22-0 Michigan
16-4
... 158
Nebraska
18-7
160
Ohio
fs-s
16-6
8-4
United States. ... 12
IlUnolB
.

August

THE CHRONICLE.

15, 1908.]

The averaKe oondltlon of eprlog wheat on AnxaBt 1 was 771 as
compared with 82-6 last month, 89-7 on Aug. 1, 1902, 80 3 ou Aug. 1,
1901, and a ten-year average of 80'2.
The following table shows for each of the Ave principal soringwheat Staten the ooudltlon on Aagost la each of the last three years,
and that on July 1, 1903, with the ten-year August averages.
Aug.
States—

1,

1903.

Minnesota
North Dakota
South Dakota

July

84
78
88
87
80

77
69
87
62
74

Iowa
Washington

1,

1903,

Aug.

1,

Aug.

1,

1903.

1901.

88

83

93
95
80
93

98
68

Ten-year
average.

83
80

73
89

85
99

91

82-5
80-2
89-7
77-1
80S
United States
The average condition of the oat orop on August 1 was 79-5 as compared with 84-3 one month ago, 894 on August 1, 1902, 736 on
August 1. 1901, and a ten year average of 82-6.
The following table shows for each cf the ten principal oats States
the condition on August 1 In each of the last three years, and that on
July 1, 1903, with tiie ten-year average.
Aug.l, Jnty 1, Aiig.X, Aug.l, Ten-year
average.
1903.
1902.
1901.
19U3.
Slates—
76
88
73
81
72
Illinois
81
84
85
83
Iowa
78
90
79
Wisconsin
87
88
97
89
87
Minnesota
87
94
83

Nebraska
Indiana
New York
Pennsylvania

90
73
87
91
84
87

89
78
94
93
84
89

86
96
108
97
96
98

44
78
79
69
89
84

361

worsted dress goods are in fair demand for next spring and
generally firm in tone,with occasional slight advances in price
in the better grades.
There is no change in flannels or blan-

which are well sold up.
Domestic Cotton Goods.—The exports of cotton soods
from this port for the week ending Aug. 10 were 3,776
kets,

packages, valued at |166,302, their destination being to the
points specified in the tables below:

Nhw Tobk

to Ano.

1908.

1908.

10.

W*€k Bint e Jan. X.
Ureal Britain....^ ..... ^..
Other Mnxopean. ...... ......
China
.
..

14
18

India.. _........ ..... .....

113

1,351

46
2,776

229,120

4

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

663
69
265

America...........

1,609

Mexico
Csntral

onth

merloa,

Othe rConntrlei. ..

ToUl

72
86
89
87
89

3

110.469
9,702
26,681
7,110
18,450
1,907
7.308
88,603
6,804

...

.

Mines Jan.i.

8

846

Arabia
Africa
West Indies

ITscAc.

1,361

793

642
91
229
874
346

83,926
12.658
13,446
6,910
16,006
1,407
6,651
81,443
8,676

8,384

180,065

1
24*6

The value of these New York exports since Jan. 1 to date
has been 110,063,990 In 1903, against $8,274,615 In 1902.
88
Business in heavy brown cottons has t)een on quite a
moderate scale, still being affected by the absence of an
84'8
89-4
82-6
736
United States
795
export demand of any account. Stocks do not appear to be
The proportion of the oat orop of last year still In the hands of farmers Is estimated at 7'4 per cent as compared with 4-2 per cent of the accumulating, the output of these goods having been heavily
orop of 1901 In farmers' hands one year ago. and 5'9 per cent of the curtailed. Prices are without material change. Bleached
orop of 1900 In farmers' hands two years ago. and an eight-year aver- muslins show some improvement in general demand and the
age of 7-4 per cent.
The average oondltlon of barley on August 1 was 83-4. against 86-8 tendency of prices is upwards in medium and fine grades.
one month ago, 90 2 on August 1. 1902, 869 at the corresponding A quiet demand is reported in wide sheetings, sheets and
date In litOl, and a ten-year average of 834.
pillow cases at full prices. Cotton flannels and blankets
The average condition of spring rye on August 1 was 87-2 as com- quiet but firm. The demand for denims, ticks and
cotton
pared with 88-3 one month ago. 90-5 on August 1, 1902, 83-6 at th e
goods generally continues in excess of supplies and prices are
oorret'pondlng date In 1901, and a teu-year average of 85-3.
The acreage of buckwheat Is less than that of last year by about against buyers. Cotton linings are firm but quiet. The Ameri500 aores, or 1 per cent.
can indigo blue and shirting prints were advanced 3^ cent on
The condition of buckwheat on August 1 was 93-9 as compared
with 91-4 on August 1, 1902; 91-1 at the corresponding date In 1901, Monday and a similar advance haa been made in a number of
other staple lines since then. The demand for fancy calicoes
and a ten year average of 8»-8.
The average condition of flax on Augast 1 was 80'3 as compared and fine printed fabrics is quiet at unchanged prices. Staple
with 86*2 one month ago.
style ginghams are firm.
Fine woven patterned
The average condition of tobacco on August 1 was 82-9 as com- and drees
wash goods generally slow. There has been no change
pared with S5-1 OQe month ago.
The average oondltlon of potatoes on August 1 was 87*2 as com- in the market for print cloths. Regulars are inactive at 3J^c.
pared with 88 1 one riionth ago. 94-8 on August 1, 1902, 62-3 at the per yard and odd goods in moderate demand only.
corresponding date in 1901. and a ten-year average of 8i-5.
Foreign Dby Goods,- Imported woolen and worsted dress
Preliminary returns Indicate an Increase of 03 per cent in the hay
acreage.
goods for spring are frequently against buyers as compared
The oondltlon of timothy hay on August 1 was 92*2 as compared
with 90-0 on August 1, 1902; 84 1 at the corresponding date in 1901. with last season; business is fully up to the average, yiiks
are quiet, with buyers showing a preference for fancies.
and a nine-year average of 84 7.
Reports as to the production of clover Indicate that nearly a full Ribbons are quiet and unchanged. No change Is noted in
crop win be harvested. In point of quality the orop of clover is well the market for linens or burlaps,
up to high medium grade.
The condition of floe on August 1 was 92 as compared with 98 5 ImportmUona and Warefeouae WltkdrawaU ot Dry Goods
one month ago.
The Importations and warehouse withdrawals of dry goods
The condition of the various crops on Aug. 1 is given below. at this port for the week ending Aug. 13, 1903, and sinoe
1903. 1902. 1901. 1900.
1899.
1898. 1897. January 1, 1903, and for the corresponding periods of last
54-0
87-0
81-2 year are as follows:
Corn
86-5
87-5
89-9
... 76-7
77-1
96-5
86-7
Spring wheat
80-3
56-4
89*7
83 6
S
BE
93-7
89-8
Spring rye
87'2
90-5
83-6
76-0
89-0
o a**
•so
to 9i •CoJb
"mCo5b
84-2
79-6
89-4
Oats
73-6
90-8
860
85
Sh- -OR
O 'It
79*3
87-5
83-4
90-2
Barley
86-9
716
936
... m>
^' I
t 5. B!
g: > »: 2
••a
87-2
62-3
83-9
Potatoes
948
88 2
93
779
a i ii! X I a
as •! irii
go:
oo
91*2
86-9
79-7
Cotton
81*9
77-2
760
840
<
Si
Si
i f
iii
St
i
S i
94*9
93-9
87*2
m
Buckwheat
91-4
91-1
37-9
98-2
•
•
P
•
• o
(^:
* f
¥ov oth«r tablva asnallr
hare •• pasa 33'.2.
T

Ohio
Michigan

V

>!•

\\\

•4*

THE DRY GOODS TRADE.
New

Yoek, Friday, P. M., August

14, 1903.

The mo8t|noticeable change in the price of cotton goods this
wetk have been in the print department, a number of staple
lines

having been advanced

movement really
The tone of the mar-

J^c. per yard, a

looked for by the trade some time ago.
ket continues strong in other directions but open changes in
quotations have been slight. Reports coming to hand from
local jobbers and from out-of-town distributing points show
a considerable business in progress, but the demand at first
hands fails to reflect this. Buyers are "shopping" around for
euch goods as they require immediately and frequentl-jr find
great difficulty in supplying their needs, but are still indisposed to contract ahead to any extent. This conservative
policy tends to hold general prices from advancing materially,
in epite of the fact that there is a constantly increasing reduction in the output of cotton goods. Manufacturers are in
no instance endeavoring to force matters and there is as
great conservatism on their side as on the part of buyers.
Business in the woolen goods division has been fair in extent,
with seme disturbance in the price of fancy worsteds for
men's wear.

Woolen Goods.— Business

men's-wear woolen and
worsted fabrics has been about recent average extent. The
demand for fancy woolens has fallen off, so much of the first
round of buying having already been completed, but there is
a steady call for staple lines of woolens. Prices of these
show no change. In fancy worsteds an increase In business
is not*d, but this has been secured by a reduction in the price
of some of the leading lines. The general fancy worsted
situation is unsatisfactory, fancy woolens in medium and low
grades having had a decided call over fancy worsteds for next
in

spring geason. The demand from the cloaking and suit
trades has been mainly for cheviots, other cloaking lines being dull. Overcoatings are quiet throughout.
Woolen and

it

IS

t

tp

t

M
M
oa

aioooo

7,4712,405

a
«

«

2,025,832

204.248121,618

613,068

43.83064,371 79,001

w

2,025,832

212,160 170,164

668,059

21,415 67,254 97,076

CO

M

a

05
CO
kS
243,691

383,981 286,911

17,185 10,439

00
(0

9,026 6.730

m

M<1N©0

16,147

8.688 7,307

»4M
M*^

-1

il^^tOOiU
tOl-' M03CT

8.876 1,976

to

M05 0i*JM

i

I

tout CO CO (0«
00 CO to
to
00 CO <l to CO
c;noMif..c;<

e O M 06 M
'biMOw'co

Oslo

<DWtOW<l

«D«
V>W

to to

» CO to

oiVj^kloo

M

tO-Ji»«^(»

o

MM,-itO

00

0«MM|(k03
«U<-4<IC0
MC3IO05Q0

8,8751,930

o

wVi wVo -a
wcocooto

J5

S^
I

to

to

a
-J

1^ »o

tots
O1C0 05M00

M

M
O

Vtoa'ii^'to

MMM*.M

Vo
CUM
00
00

9,105

to CO

'<£>

oo«o COl^

CD...

_Wt0O*'O

I

COM
o»o

M^COCOUi
MCOVCObO
^^<k.O<k

cots

208,107

383,981 248,864

a wen MM to WW
'wod'm low
« MO pOM tO'f-

«—

^

a
«<«
t

wosesijkM

M
W

00

tool

to

M^ocnoo
<jODtecooo
II^WCOOCOflB

00

o
o

M

•tJ

M<lC3iOO

MtOaCTItO

b«

to

<i

liiiT

to

00

00

)
t

MMMtOM
ooakoaib'
UIMOOOa
<i^caoio.

7,471 3.718

00

(S

00

M

'it

I

Mkoosaco

05
to
oo

MW

ewos

10,610 70,091

?D 00 CO 03 OO

tO'^OlMWW

2,221,827

161,555104,230

406,674

108,776 170,.'.53

95.636

16,384 62,581 71,974

lo

'ip.Oo'i'.V'Oi

O
M

toa
-»w

M

COM

pa><t*op

ooMbia
oaoo^~]

-J 05

COM
COM

^ AM MMWMM
MO aoi(>.coMM
MQc
;

coco

tOMK^MO

OCO
ao
<IW

ocoaaoi^
MWh-cnto
9<oo«c^a

OOcCOif^OI

ip>000<ao

cn

V
M

k9 05C;<<ltO

«WMp»CO
349,739 202,263

167,888

12,497

«0

8,103 5,714

8,051

V

c;io>ooKOto

CO

•^
00

^jVco'—

toOtOi^O
I

OlM
OOM

I

MMCOCOM

o M« A *. owiV
M«^ aao^iv
03
COM WM W*- <1
to
OM VlOSODtO
>^
05<j
taco(yei5<)
i

j

<j<

I

j

3S

i

I

to to

w CO CO p^«a
"Vo'b<'b''to'V>.

C5^ocoa^
o:«po<p
Mo'oo<i

w :» a- to CO

-is

09 a
Mo

— —
—
:

:

:

THE CHRONICLE.

362

[Vol. LXXVII.

Bexar County, VTexas— Bonds Registered—Bond Sale.—
The $500,000 4^ 10-40-year (optional) gold road bonds mentioned in the Chronicle last week were registered on August
10 by the State Comptroller. The bonds were immediately
State
Education for
and Negotiations this purchased by theSchool Board of This purchase,the benefit of
Bond Proposals
the Permanent
Fund.
we are inweek have been as follows
formed, will exhaust all the money now on hand in this fund.
Braynier (Mo.) School District.— Bond Saie.— Asamatter
Aberdeen, S. Dak.— Bond Safe.— We are advised that negotiations for the sale of the $25,000 ih4i 418year (serial) of record we report the sale on April 1 of the $10,000 4^
eewer bonds offered on Jane 30 have jast been completed. school bonds mentioned in the Chronicle January 3 and
The purchaser is Kane & Co. of Minneapolis, and the price January 81. The bonds were purchased at par and interest

State ahv Oity DEf/^itTMEWT.
:

These bonds were described in V. 76, p. 1368.
Ada, Ind. Ter.— Bond« Voted.— This place on Angust 8
voted to issue fSO.GOO water and $15,000 school bonds.
Ada, Norman County, MIna.— Bond Q^ering.— Proposals
will be received until 3 r. m August 39, by H. Jenkins Jr.,
Village Recorder, for |3,000 5% water bonds. Danomination,
Dite, Sept. 1, 1903. Interest annually on Sept. 1.
$1,000.
Maturity, |1,000 yearly on Sept. 1 from 1915 to 1917, inclusive. Authority, election held May 36, 1903, Also for
$5,000 6% village-hall bonds voted at same election. DenomDite, Sept. 1,
inations, three for $1,000 and one for $2,000.
Interest annually on Sept. 1. Maturity, $1,000 yearly
1903.
on Sept. 1 from 1915 to 1917, inclnalve, and $3,000 on Sept. 1,
Both of these issues were offered June 29, 1903, as i}^
1918.
per cents and again on July 30 as 5 per cents, but were not
par.

,

sold.

Akroo, Ohio. Bonds Authorized.— The City Council has
authorized the issuance of 138.500 refunding bonds.
Alexandria, La. Bond Offering. Proposals will be received until 4 p. M., September 14, for the $28,000 b% 40-year
street-paving bonds voted at the election held April 14. InDenomination, $1,000.
terest, semi-annual.
are
Allegan, Mich.— Boad« Refused Bond Offering
advised that the parties to whom tbe village recently awarded
$14,000 4^ electric light and water bonds have refuaed to
take them, and the bonds are still on the market. Chas. F.
Davison, Village Clerk, will consider propDsals for the
same.
Bond Election. An election will be held Augu3t 31 to
vote on tbe question of issuing $35,000 bonds to purchase the

—

—

—We

—

electric-light plant.

Anamosa (Iowa) Independent School District. —Bond
Sale.—Oa August 6 the $3,500 5$ 3-8-year (aerial) school-improvement bonds described in V. 77, p. 263, were awarded to
Niles & Walters, Anamosa, at 101. Following are the bids
;

&

Walters, Anamosa... 18,535 00
Ellinwood A Co., Chic... 3,5^6 00
8,500 00
Koyal Trust Companj
Nllea

CM.

$3,500 00
S.A. Kean, Chicago
Q. M. Bechtel&Co.,Dav'port.. 8,500 00

Arlington (Texas) Independent School District.— Bond*
Fbted.— This district on August 1 voted to issue $15,000
school-house bonds.
Ashley, 111.— Bond Sale.— The $5,000 gold electric-light
bonds mentioned in the Chronicle June 37 have been sold,
one-half to the Ham National Binb of Mount Vernon and
one-half to the Ashley Bank. Interest, b%. Maturity from
10 to 20 years.
Athens, Ga.— Bond SaZe.— We are advised that of the $50,000 i% 30-year gold city-hall bonds offered but not sold on
April 7, $20,000 have been disposed of to home parties at par.
Baglej School District No. 22, Clearwater County, Minn.
Bond OJT'erinf?, — Proposals will be received until 3 p. M
15 year
August 2i, by E. H. R-ff, School Clerk, for $8,000
bonds. loterest will be payable annually.
Ballinger, Texas. Bonds Approved —The Attorney-General has approved an issue of $16,500 i.% refunding water
bonds.
Beattle, Marshall Coanty, Kan.—Bond O^ering.—R D.
Wilson, City Clerk, is offering for sale the $5,000 i]4% city
hall bonds voted at the election held Sept. 15, 1902, which
election was subsequently legalized by Chapter 816, Laws of
Danomination of bonds, $300, except one bond for
1903.
Maturity, $500 July 1,
Interest annually on July 1.
$200.
1907, and |300 yearly on July 1 from 1908 to 1922, inclusive.
Mr. Wilson writes us that the city has purchased the lots
upon which to build the city hall, and the excavation has
already been completed, all of which has been paid for. The
city is clear of debt at present. See Chronicle April 11, 1903.
Beaumont, Texas. -Bond /«8Me.— A contract was signed
Angust 3 whereby William Weber, a contractor, is to build
the new city ball and tire station, taking in payment $13,000
4< 40-year city bonds.
Bearerdam Township, Pitt County, N. Q,.—Bond Election,
This towLship is asked to subscribe to the second mortgage
bonds of the Raleigh & Pamlico Sound Railroad, An election has been ordered to authorize the subscription.
Benton Harbor, Mich.— Bond O^ering. We are advised
that the $50,000 i% improvement bonds described in the
Chronicle June 37 have not yet been disposed of, although
several offers have already been received. Mr. W. J. Ban
yon, City Clerk, will entertain any further offers that may
be made for these bonds.
Bond SaZe.—Tbe
Bertie CoaniT (P. 0. Windsor ),:N.
$7,000 5« jail bonds described in V. 77, p. 158, were sold on
August 3 as follows

—

H

—

C—

(11,000 due 1908
\ l,0*)(lue >«0w

iriO'.^O

l,00duel9ll

10^60

l.ooOdue IKIO
I,0j0duel8la
1,000 dae IB13

1 Ofll

due 1914

101-24

(

Mr». Bessie Danstom
,„„ O. Button
Jno. r nHttr.r,

A.

S.

Kascoe

Average price received

J

I

1.000

for bonds, 100*881.

held August

1.

—

Brookbaven, Miss,— Bond Election, An election will be
held August 26 to vote on the question of issuing $30,000
sewer bonds.
Buffalo, N. ¥.—Bonds <So/d in Pari.— Only the $124,444 81
8)4% 20-year grade crossing bonds of four issues offered on
August 7 were awarded. These were taken by the Commonwealth Trust Company of Buffalo at par and interest. Bonds
were described in V. 77, p. 863.
Bark's Falls, Ont.— Zloan Authorized. This place recently
voted to raise $30,000 for a water works system.
Cameron, Mo.— Bond 8a/e.— On July 31 the $59,000 4^14%
10 30-year water bonds described in V. 77, p. 313, were
awarded to the Missouri Trust Co., St. Louis, at par.
Casper, Wyo.— Bond Saie. -On August 3 the $14,500 6<g
10 20year (optional) sewer bonds were awarded to Chas. H.
Coffin of Chicago at a price not stated.
Ctaarleroi, Pa.— Bid Rejected —The only bid received Angust 10 for the $35,000 i% bonds described in V. 77, p. 263, was
irregular, and was therefore rejected. Securities will be readvertised.
Chase City, Va.— Bond O^erinflf,— Proposals will be received until 8 p. M., September 7, by A. J. Yancey, Clerk of
Town Council, for not less than $10,000 nor more than $20,000 6f 30year gold street-improvement bonds. These bonds
were authorized at the election held June 9, 1903, Denomination, $500. Date, Sept. 1, 1903.
Clearwater County, Minn.— Bonds Not Sold.— The $10,000
5;i bonds of this county offered on August 10 were not sold.

—

Cleveland, Ohio.— BoAd .Biection. — The official ordinances
providing for an election September 8 to vote on the question
of issuing bonds are before ns. The bond issues provided
for are as follows
:

1200,000 bonds for bridge over CuyaliOBa River and Carahoga Valley.
100,000 bonds for openloK. widening and exi ending streeis and higaway s.
100,000 bonds for tlie completion ot existing boulevards and parks.
500,0u0 bonds for the construction of a high level bridge connecting the eas
and west sides of the city of Cleveland.
600,000 bonds for parks and boulevards.
bonds for electric light works.
400,000

These issues differ slightly from the reported figures in
local papers which were mentioned in last week's Chronicle.
Bond O^erino— Proposals will be received until 13 M,,
Sept. 11, by J. P. Madigan, City Auditor, for the following

bonds

,

—

Bank of Windsor.

by Geo. M. Brinkerhoff of Springfield, III.
Bremen, Ohio.— Bonds Not Sold,— if o bids were received
August 10 for the $5,000 i% public-hall bonds described in
V. 77, p. 158. Bonds will be re-advertised.
Bristol, S. Oak— Bond O^enrtgr.- Proposals will be received until 8 P. M., Sept. 15, by L. H. Woodworth, Town
Clerk, for |7,000 10-20-year (optional) water bonds at not exceeding 5% interest. Securities were authorized at election

100-11

lOu-50

10100

$300,000 t% coupon water bonds, dated June 1, 1903. Maturity, June 1, 1922.
25,000 4% coupon cemetery bonds, dated Sept. 1, l90>i. Maturity, Sept. 1,1922.
165,001) 4( coupon garbage-disposal bonds, dated Sept. 1. 1U03. Maturity,
Sept. 1, 1923.
20,000 i% coupon bridge bonds, dated Sept. 1, 1908. Maturity. Sept. 1, 1924.
5t>,000 4J coupon park bonds, dalea Sept. 1, IWUS. Muiunty, Sept. 1, 1924.
50.000 4% coupon water bonds, dated Sept. 1, l«t'3. Maturity, Sept. 1, 1924.

Denomination,

$1,000.

Interest,

semi-annually at the

American Exchange National Bank, New York City. A
tified check on a nadonal bank tor 5% of amount bid

cerfor,

payable to the "Treasurer of the City of Cleveland," is required. Bids must be made on blanks obtained from City
Auditor, Purchaser to pay accrued interest.
Columbia Township Special School District No. 11,
Humlltou Coanty, Ohio.— Bond Sale,— Oa August 10 the
$a,000 4.]4i 1-5-year (serial) refunding bonds described in V.

were awarded to the Western German Bank of
Cincinnati at 100 -39 and interest. Following are tbe bids
Western German Bank. Cin... 12,006 80 8. A. Kean, Chicago
$2,000 00
ColnrabuB, Ha.— Bonds Aicarded.— The $250,000 A% 1-35year (serial) gold water-works bonds described in V. 77, p.
49, were awarded on August 8 to Sperry & Co., Baltimore,
at lOO'lOl. It seems that Judge Newmin of the United
States Circuit Court in Georgia (see V. 77. p. 311 and 268),
in the suit of the Columbas Water Works Co. to enjoin the
issuance of these bonds, did not restrain the officials from
making the award, but only fixed a day for a hearing of the
77, p. 363,

:

|

case.

Columbus, Ohio.— Bond

Oj^erinfif.— The

Trustees of the

Sinking Fund are offering for sale the following bonds
held in the sinking fund as an investment

now

160,000 456 10-80-year (optional) work-house bonds, dated Aug. 1. 1938.
eu.uoo i% 10-30-year (optional) main trunk sewer bonds, dated Aug. 1, 1902.,
60,000 i% IO-ao-ye»r (optional) water bonds, datel March 1, ItfuB.
40,0u0 4% 10-20-ycar (optional) library bonds, duted April 1, 1903.

Proposals for these bonds will be received until 8 p. M.,
August.31, by Martin A. Gemunder, Secretary of the Trustees
Interest semiof tne Sinking Fund. Denomination, $l,OpO.
annually at office of City Treasurer.

Cjlumbas Uro?e, Ohio.— Bonds 2lMf/iori«ed.— It is stated
that the Village Council has authorized the issaance of $33,130 i% street-improvement bonds.

— —

:

August

THE CHRONICLE.

15, 1903.]

Concord, N. H..— Loans AutJiorized.—'Ihe Board of Alder10 anthorized a loan of $5,000 for sokool purpoeea and one of $2,000 for tne sewer department.
Continental, Otiio,— Bonds to be latued.— This village, it

men on Angnat

issue |7,000 5^ judgment bonds.
Cordele, tta.— fionci Sale.— On August 8 the $10,000 5%
school bonds were awarded to C. J. Dunn at lOa-75. Denomination, $100. Date, Aug. 1, 1903. Interest, semianMatnritv, Aug. 1, 1928.
aual.
Coshcctun, Ohio.— fiond 6'a/fl.— On July 27 the $30,000 iy^i
1-15-year (aerial) street improvement bonds described in V. 77,
p. 104, were awarded to the Coshocton National Bank and
the Commercial National Bank— both local institutions— at
par and interest.
Craftou (Borongh), Pa.— Bond O^erinflr.— Proposals will
be received nntil 7 p. m., August 18, by W. O. H. Elliott,
Borough Clerk, for $50,000 4;< 23-year (average) bonds, of
which $35,000 is for the improvement of sewers, streets,
is stated, will

alleys, etc.,
tion, $1,000.

and $15,000 to fund floating debt.
Interest, March 1 and September

S63

rirstNat. Bank, Barnes vUie.. $3,076 00
3,013 00
A. Kean. Chicago.

8.

I

N. M. Strait, ColumDuB

Minn.— Bond Bate.— On Aug.

Fnlda,

*3,006 00

|

7 $4,000 5% village

bonds were awarded to C. M. Eliinwood & Co.,
Chicago, at 100 825. Denomination, $1,000. Date, Aug. 1,
Interest, annually on May 1.
1903.
Maturity, one bond la
each of the years 1914, 1915, 1918 and 1917.
(jibson County, I nd.—Bond Sate.— It Is stated that an
issue of $54,550 rock-road bonds of Patoka Township was
recently awarded to the Huntington Bank at 101 'Ot 8.
Goodhue, Minn.— Bond i'ate.— On August 1 $8,400 5^5,
10, 15 and 20year water bonds were awarded to the City
Bank of Goodhue at par. Date, July 10, 1903. Interest,

hall

and

jail

semi-annual.

Greeubnrg (N. Y.) Union Free School District No. 4.—
Bomi Sute Fostponed. — We are advieed that the sale of the
$10,000 4"? school bonds, which was to have taken place on
Auguat 10, has been postponed for about two months.
Bond Election.—The Board of Com(i^ieene County, N. C.
Denomina-

1

(free

from

Bonded debt
tax) at the First National Bank of Grafton.
(including this issue). $138,500; assessed valuation, ^2,126,
465; real value about $3,550,000.
Bonds Not Soid.—This county
Darllngtun County, S.
did not sell tbe $35,000 5^ 30-year coupon court-house bonds
offered on July 23. Denomination, $1,000. Interest, Jan. 1
and July 1. County has no bonded debt at present. Assessed
valuation, $1,025,678.
East Cierelaud, Ohio.— Sond O^erinfif.— Proposals will be
received until 12 M,. August 29, by H. B. Chapman, Village
Clerk, for $3,500 4J^i< water bonds. Denomination, $500,
Date, May 1, 1903. Interest, semi-annual. Maturity, May 1,
Accrued interest to be paid by purchaser, Certified
1908.
check for lOjt of bonds bid for, payable to Village Treasurer,

C—

required.

East Grand Forks, Minn.— Bids Not Opened.— The Coundid not open the bids received August 4 for the $15,000
if^% water bonds described in V. 77, p. 159. It seems that a
suit has betn instituted in tbe District Court to prevent the

cil

issuance of these bonds. It Is alleged by the petitioner that
the city has already reached Its limit of indebtedness and
also that tbe call for the election did not state for what purpose the bonds were to be used.
East Wajnesbnrg, Pa,— Bond O^ertngr.— Proposals will be
received until 8 p. m. to-dav (August 15), by A. H. Sajers,
Secretary, for $8,000 5f sewer bonds. Denomination, $200.
Date, Aug. 16, 1903. Interest semi-annually, free of tax.
Maturity, part yearly from 1 to 26 years.
Ellisville, Miss.— Date of Bond Blection.— September 1 has
been fixed upon as the date on which the question of issuing
$30,000 water bonds will be submitted to a vote of the people.
Ely, Minn.- Btrnd* Voted.— This city on Auguat 4, by a
vote of 115 to 18, anthorized the issuance of $40,000 water
and light-improvement bonds.
Eljria, Ohio.— Bond 0^e«ny.— Proposals will be received
until 12 M., September 15, by Frank B. Fauver, City Auditor, for $25,0C0 4« bridge bonds.
Authority, Sections 2885,
2838 and 2^37, Revised Statutes of Ohio. Denomination,
Date, July 1, 1903. Interest, April 1 and October 1
$1,000.
at the United States Mortgage
Trust Co., New York City.
Maturity, $2 000 yearly on October 1 from 1918 to 1928, in-

missioners has decided to hold an election to vote a eubpcriptlon of $50,000 in aid of the Raleigh
Pamlico Sound

&

Railway.

C.—Bond Election.— The Board of Alderhas decided to hold an election to vote on the question
of subscribing to $15,000 of the second mortgage bonds cf
the Raleigh & Pamlico Sound Railroad.
Bonds Not Sold.— No satisfactory bids were received on
August 5 for the $65,000 5% 80-year improvement bonds.
ttreenville, Ohio.— Bond Oj'erinp.— Proposals will be received until 12 M., September 8, by J. C. Katzenberger, City
Auditor, for the following bonds :
(IreeuTille, N.

men

tS.OCO bt East Fifth Street improvement bonds, maturing one bond, tl.OOO, ou
Sept. » from 1004 to 1U06, Inclusive.
1,800 5» iSast Fourth Street improvement bonds, maturing one bond, $1,200,
on Sept. 3 from 1904 to 1907, inclusive.

Date. Sept. 8, 1908. Interest, annual. Authority, Section
2835 of the Revised Statutes of Ohio. Accrued interest to be
paid by purchaser and bonds must be paid for •\yithin ten
certified check, payable to
days from the time of award.
the City Treasurer, for $100 is required with bids for each

A

issue.

Humilton, Ohio.— Bonds .4Mf/iort2«d.— The Trustees of the
Fund on August 5 authorized the issuance of $15,000
Denomination, $500. Inter4:}4i 15- year refunding bonds.
Sinking
est,

semi-annual.

Hamilton County, Ohio.— Bonds Authorized.— The County
Commissioners have voted to issue $300,000 4% bonds to
build a bridge recently destroyed by fire.

re-

—

Mo.— Bond Sale, This city recently sold to the
Merchants' Bank, the Hannibal National Bank
and tbe First International Bank $23,000 4^ refunding bonds.
Denomination, $500. Date, Sept. 1, 1903. Interest, semiannual. Maturity, Sept. 1, 1928.
Hartford, Ala.—Bonds Not Sold— We are advised that the
$15,000 5% water-works, electric-light and general-improvement bonds offered on August 1 have not yet been sold. J.
flannibal,

Farmers'

&

F. Collins,

Town

Clerk, will entertain

any bids for these

bonds that may be presented.
Hart (Mich.) School District.- Bond Offering,— We are

advised that proposals for the $5,000 5% school-house bonds
mentioned in the Chronicle June 27 will probably be received until about September 1 by W. L. Hanson, Director.
Denomination, $1,000. Date, Feb. 1, 1904. Interest annuclusive, and $3,(00 on Oct. 1, 1929. Accrued interest to be
ally in Hart. Maturity, Feb. 1, 1909.
Bonds are exempt
paid by purchaser. Certified check on a local bank for $500
from taxes. District has no bonded debt at present.
required. Bids to be made on blanks prepared by the city.
Hartwitk (Iowa) School District.— Bonds Foied.—This
Erie County, N. I.— Bowd Bate.— This county has sold at
private sale an issue of $50,000 i% temporary bonds to pay town has voted to issue $20,000 sctiool house bonds.
Hills School Uistrict No. 66, Bock County, Minn.— Bond
State tax. Denomination, |5,t00. Date, Aug. 1, 1903. MaSnte.—Thia district on Aug. 10 awarded an issue of $3,000 4^
turity, March 1, 19i4.
building bends to the State of Minnesota at par. DenominaFarmville Township, Pitt County, N.
Bond Election, tion: $300, except
Interest
An election has been ordered in this township to vote a July 1. Maturity, one bond for $800.from 1910 annually on
one bond yearly
to 1918, insubscription to the second mortgage bonds of the Raleigh &
clusive.
Pamlico Sonnd Railroad.
Hobart, Okla.— Bond 0#eringf.— Proposals will be received
Fajette Conuty, Ohio.— Bond Bate.— On Auguat 6 $2,400 nntil
12 M., Aug. 15, by D E. Morgan, City Clerk, for $17,500
5% l-3year (serial) road-improvement bonds were awarded
water and $20,000 sewer bonds, Denomination, $1,000. Into the Midland National Bank at ICO'521. Denomination,
terest, semi-annual.
Maturity, 30 years. Bids are asked for
Date, Aug. 10, 1903. Interest, semi- annual.
$800.
bonds bearing 4, 43^, 5, 53^ and 6 per cent interest. These
FloresTille, Texas.— Bond News.— We are advised that
bonds were offered in p.irt as 5 per cents on June 1, but were
this city is endeavor iog to sell the $14,000 i% 20-40-year (opnot sold. They represent the first issue put out out by the
tional) water and light bonds to the State of Texas. If such
city.
Assessed valuation, $700 000.
a sale is not consummated, the bonds will be offered to the
Houston, Texas. Bonds Defeated.—The question of issupublic. H. C. Thompson is City Clerk.
ing $800,0u0 water plant bonds failed to carry at the election
Fort Ciillins, Colo.— Bonds Not Sold,
are advised held
August 4.
that the $175,000 4% 10- 15-year (optional) water bonds offered
Houston Heights, Texas.— Bonds Fofed.— This city has
on August 3 were not sold. For description of bonds, see V.
voted to issue $12,000 school bonds.
77, p. 214.
Hudson County, N. J.— Bonds Authorized— Bond OfferFoBSton, Polk County, Minn.—Bond O^eringr.— Proposals ing,— The Board of Freeholders has authorized the
issuance
will be receivtd until
August 31, by W. E, Black, of $28,000
20-year registered gold bridge bonds, to be dated
Village Recorder, for $4 000 6% 15-year bonds and $4,000 6$ Sept.
8, 1903.
Proposals for these bonds will be received
15-year electric light bonds. Denomination, $1,0C0. Interest, nntil 4 p. M.,
September 3, by John P. Egan, Clerk Board
Eemiannual. Authority, election held August 4. Certified Chosen Freeholders. Date
of bonds, Sept. 1, 1903. Interest
check for 5% of bonds, payable to the Village Treasurer, re- semi-annually. Certified check for d% of bonds bid
for,
quired.
drawn on some national bank or trust company and payable
Franklin, Mass.— Bonds Not to be Issued at Present.—
to Stephen M. Egan, County Collector, required.
The officare advised that this town does not purpose issuing any bonds ial advertisement of this offering will be publiahed in the
at present. The Act of the last Legislature authorizing Chronicle next week.
$75,000 additional water bonds was to provide for the future
Indiana, Pa.— Bond O^erinsf.— Proposals will be received
in case of need,
until Auguat 25 by J. Wood Clark, Chairman Finance ComFranklin County (P. 0. Columbus), Ohio.— Bond Sale.— mittee, for $25,000 4% sewerage-plant bonds. Denominations,
On August 12 the $3,010 6% free-turnpike bond described in ten for $1,000, twenty for $500 and twenty-five for $200 each.
V. 77, p. 268, were awarded to the First National Bank of Date, Sept. 1, 1903. Interest semi annually at office of BorBarnesville at 102'533. Following are the bids
ough Treasurer. Maturity, 30 years; aubjeot to call on any

&

C—

—

—We

2pm,

H

We

:

—

THE CHRONICLE.

364

LXXVIl.

[Vol.

interest paying date on 80 days' notice. Bonds are exempt bonds w^re described in V. 77, p. 215. The bids received
from all taxes. Bonded debt Ang. 10, 1903. $19,000; sinking were ss follows
N. W. Halsey & Co., New York..
fund, $3,000. Assessed valnation, fl.OOO.OOO.
1300,000 4s
1812,210
UX'.OOO Sj^s
lOo.Ooo
Jackson County (P.O. Siottsboro), JLla.— Bonds Not Sold, Swedlsh-Amorloan National Bank
KstHbrook ACo., Boston
410,Vi75
Entire $4uO,000
(optional) K. 1.. Day A Co Boston
800,000 49
are advised that the |6.3,500 5^ 20-30-year
812,053
Uomlnlc»& DoraluU'k. New York
800.000 4s
SlS.OlO
road and bridge bonds offered on July 20 have not yet been
50.000 bridge
60,158
N. W. HarrU & Co., Chicago.
"5,000 Iraproveinent
7f>,83fl
For description of bonds, see V. 77, p. 105.
Bold.
\
Northwestern Trust Co., St. Paul
60,000 brldce
eo,60&
SteubeuvlUe). Ohio— Bond
Jefferson Coanty (P. 0.
Minnesota —Sfafe Fund Loans.—
0^«riri<7,— Proposals will be received nntll a p. m., Sept. 5,
quote the following
by the Commissioners of the Mount Pleasant Station and from the St. Paul "Pioneer Press" of Aug. 6. 1903 :
"Tbe State Boiirdof Investment yesterday approved twenty-Uve app'ioatlons
Long Run Free Turnpike, care of the County Auditor, for
l.>ans from
townships and school ditttriets aegreijatiug
Authority, Section 4808, Revised for this amountcouuti^^s.is lent on county dratnajro bonds, *:i4.000 JlOi.'-OO.
|8,0(J0 5* tnrDpike bonds.
Of
»4i',HC0
ou county
Statutes of Ohio. Date. Nov. 1, 1903. Interest, semi-annual. bonds for the construction of jails and the like, |l4.u00 on township bonds
and tlS.UOO !• lent to school districts for new school homes.
Mnturity, Nov. 1, 1911. Certified check for 5^ of bid re"The money lout on drainage bonds will bo used by Polk County for the construction of seven ditches, known as Ditches Nos. 36, 87, S8. 89, 40, 41 and 42.
quired.
These loans bear 3» Interest, iu accordance with a law passed by the last LegJersey City, N. J.— Bonds Authorized.— The Board of islature.
"The sohool district leans bearing 4i interest are made to districts in the
Finance has authorized the Board of Education to issue followlngr
counties: Pope, fa.ooo; Kock, ».<.00C; Btg Stone, »860; Faribault,
123,625 bonds to pay for school repairs.
SOC; St. Louis, 1700; Millo Lacs, $700; Aitkin, $700- Wadena, 1600; Morrison,
1500; Dakota. »60t); Crow Winir, *400; Pipestone, *2B0.
Jobuson City. Tenn.— Bond £/ec<ion.— An election will
"The township loans are as follows
Brookport, Pine County. $5,000; Fairbe held September 17 to vote on the question of issuing |25,- fax, Polk Couutv, tS.bOO; Comfort, Kannabec County, $3,t00; Sullivan, Polk
Couuty, $^,SOU.
000 5* improvement bonds.
"Loans for jails and the like are made to the following counties
Meeker,
Kansas City. Ho.— Charter Amendments Voted. The elec $9.'JyO; Crow Wing, $16,000."
tion held August 4 on the question of amending the City
Moorae, Oa.— Bonds Defeased.— This city on August 6
Charter so that bonds may be issued for various purposes voted against
the issuance of $30,000 5^ water bonds.
resulted in 6,397 votes in tavor of and 836 against the proMonroe, Mich.— Coi rection, Last week in enlarging upon
Tne bonds talked of under the amendposed amendments.
tbe offering of $30,000 A% pavlus bonds of this city, as pubments are as follows: $1,100,000 for water, IWO.OOJ for lished in the Chronicle Aug.
1, a typographical error made
houses, $225,000 for city hospital
parks. |'350.000 for market
the date of sale read Aug. 27, whereas it should have been
and $100,000 for fire protection. Another election, to author- Aug. 17— the date as originally published.
ize the bonds, must be held before the securities can be
Montpeller, Ohio.— Bond Sale.— Oa August 10 the $10,000
issued.
of $8,000 4:14% 15 year sewer bonds described in V. 77, p. 264. were
Kaufman, Texas.— Bonds .^pjjroved.— An issue
Co., Cincinnati, at 100-125 and
approved by the awarded to P. S. Briggs

—We

,

.

We

:

—

:

—

refunding sohool-house bonds has been
Attorney- General.
Kearny, N. J. Bond Saie.— It is reported that this town
has sold an issue of $155,000 street, sewer and refunding
bonds to the West Hudson County Trust Co. of Harrison.
Kingston School District, Tascola Coanty, Mich,— iSonds
Voted.— Th\B district on August 8, by a vote of 75 to 10, authorized the issuance of $5,000 school-house bonds.
Kroschel, Kanabec Coanty, Minn.— Bond Sale. -The
$2,000 20-) ear road and bridge bonds offered for sale on July
28 were awarded to the State of Minnesota at par for 4 per
cents. Securities were described in V. 77, p. 105.

i},^i

—

La

Crosse,

Wis.- Bonds Not Sold.— Ho

sewer

bids

were received
water and

6 for $15,000 3l4i 10 20 year (optional)
bonds offered on that day.

August

LeaTenwoith (Kan.) School District.- Bonds Not Sold.—
The report that the $60,000 4^ high school bonds mentioned
in the Chronicle April 18 have been sold at private sale is

We

are advised that
incorrect.
will take these bonds at par.

it

is

possible that the State

&

interest.

Mount Pleasant, Mlcb.— Bond Election.— An election will
be held August 24 ro votu on the question of Issuing $3,000
street-paving and $8,000 oement- sidewalk bonds.
Mount Vernon, N. ¥.— Bo7id Sale.— On Aug. 11 the $40,000
4% 29-32-year (serial) deficiency bonds, described in V. 77,
Co., Cleveland, at
p. 814, were awarded to F. L. Fuller
100-25.
This was the only bid received.
Naples School District, Morris Coanty, Texas.- Bond
Proposals will be received at any time by H. B.
Offering.
Moore, President School Board, for the $8,000 4% school
bonds recently approved by the Attorney -General and regis
tered by the State Comptroller. Denomination, $500. Date,
May 1, 1903. Interest, annual. Maturity, 20 years; subject
to call after 5 years.
Value of taxable property, $313,000.
S. Q. Led better is Secretary Board of Trustees.
Newport, R. I.— Bonds jDefeated.— This city on August 6
voted against the proposition to issue $50,000 high-school,
$25,000 sewerage- pumping-station and $50,000 granolithicsidev^alk bonds.
Newton, Mass. Bond Sale.— The City Treasurer has sold
to the sinking fund at par au issue of $16,000 3^^ 1-8-year
(nerial) high school bonds.
Dcjnominatioa, $2,000.
Date,

&

—

Little River Township, Wake County, N. C.—Bond Elec
tion.—ihe question of suuscribing to $10,000 6* second mortgage bonds of the Raleigh & Pamlico Sound Railroad Co.
will be submitted to the voters on September 22. Bonds car- June,
Interest, semi-annual.
1, 1903'.
rying 5% interest and maturing in 30 years will be issued.
Norwalk (Ohio) S hool District. -Bonds Refused.-BdaiKy.— Bonds Not Sold.—The following son, Prior & Co., Cleveland, have refused to tase the
MtCracken County,
$18,000
bids, all of which were rejected, were received August 4 for
refunding bonds awarded to them on June 3 J, owing to a
refunding bonds described In V. 77, p. 5%
the $100,000 30-year
legal technicality in the wording of the original resolution
160:
passed by the Board of Edncation.
W. J. Hayes & Sons, bonus |2,000 C^s).
Well. Both & Co., par for l)<s.
Bond O/Terinflf.- Proposals will be received until 12 M.,
R. Kleybolte & Ck)., boaus tl.ooo (6s).
Mayer, par for * O-lOs,
Seasongood 4
S. A. Kean & Co., par for 5a.
Cincinnati Trust Co., par for iHs
August 31, by F, A. Powers, Clerk Bjard of Education, for
McKeesport, Pa Bonds PVopo.sed.— The Finance Com $15,000 5^ refunding bonds. Authority, Section 2834a, Remittee of the City Councils on August 7 passed a resolution vised Statutes of Ohio. Denomination, $500. Date, Sspt. 1,
recommending the issuance of $500,000 bonds, of which $150,- 1903. Interest semi-annually at the Norwalk Savings Bank
000 will be used for the erection of an electric plant, $150,000 Co, Maturity, $1,000 Sept. 1, 1904, and $2,000 yearly on
for filtration and water improvements, $100,000 for a new September 1 from 1905 to 1911, inclusive. Bids must be made
city hall, $50,000 for a poor farm and $50,000 for sewer and on blanks furnished for the pnrpose and must be accompanied by cash or a certified check for $300.
paving improvements,
Oak Park, Cook Connty, III.—Bond Sale.— Oa August 8
Magaolla School District, Birerslde County, Cal.— Bond
8ale.—Oa August 5 an issue of $4,000 6i 1-4-year (serial) the $32,500 4% village hall bonds described in V. 77. p. 161,
bonds was awarded to Isaac Springer & Co., Pasadena, at were awarded to the First National Bank, Chicago, at
100'077 and interest. Following are the bids
100'937.
$32,C8S 00 S. A. Kean, Chicago
$32,600 00
Mark's Creek Township, Wake County, N. C.—Bond First Nat. Bank, Chicago
Election.— On Sep' ember 22 an election will be held to issue
Omaha, Neb.— Bond Safe.— The City Council on August 7
$8,000 5!? 30 year bonds as a subscription to a like amount of passed an ordinance providing for the issuance of $209,000
Qi second mortgage bonds of the Raleigh & Pamlico Sound 4}4% 80- year lunding bonds, and directed the Treasurer to
Railroad Co.
enter into a contract with Spitzer & Co,, Toledo, for the sale
MasoD, Ohio.— Bo«d O/eringr.— Proposals will be received of the same. Bonds are dated Aug. 1, 1903, and are issued to
until 12 M Aug. 31, by C. A. Hinkle, Village Clerk, for $3,000 relieve several of the more important city funds, which have
Authority, Section 2835, Re5<« street improvement bonds.
become exhausted.
vised Statutes of Ohio. Denomination, .$500. Date, July 1,
Oneida, N. Y.—Bond Sale.— On August 6 an issue of $8,000
Interest, March 1 and September 1 at the Mason Bank
1903.
4% 1-10 year (serial) street-improvement bonds was awarded to
Maturity, $500 each six months from March 1,
in Mason.
the Oneida Savings Bank at par and Interest. Date of bonds,
Accrued interest is to be
1804, to Sept. 1, 1906, inclusive.
July 1, 1903.
paid by purchaser. Certified check for 6% of bonds bid for
Oneida Coonty (P. 0. Preston, Idaho,) School District
required.
No. 18.— i<<'» d iJaie.-This district has sold to the State of
MeadTllie, Pa.— Bond O^ertng.— Proposals will be re- Idaho $12,000 5i 10 year school bonds dated July 1, 1903.
ceived until 8 P. M August 19, by A. C. Pardee, City Clerk,
Palo Alto School District, Saata Clara Coonty, Cal.—
for $3'5,000 4% water-works-improvement bonds. Denomina- Bond Sale.-On August 4 $4,000 6% 1 8 year serial school
Interest, January 1 and July 1 at the oflQce of
tion, $503.
bonds were awarded to A. B. Glasscock at 105'025. Dethe City Treasurer. Maturity, 30 years; subject to call after nomination, $500. Date, Aug. 4, 1908. Interest annually on
5 years.
January 1.
Minneapolis, Minn.—Bond Sale.— Oa August 10 the $100,Pease Township (P. 0. Martins Ferry), Ohio.- Bond Sale.
OCO 'i}4i bu-vear water bonds were awarded to the Swedish
We give below a list of the bids received August 8 for the
American National Bink of Minneapolis at par and interest. $20,OOl» 5% road bonds described in V. 77, p. 106
On the same day the $50,000 bridge, $75,000 street- improve- Denlaon, Prior & Co., Clevep. S. UrlifKS A Co.. Clncln
$80,230 00
$20,411 00 L«mprechtIJro8.Co..Cleve.. 1!0,228 00
ment and the $175,000 "permanent-improvement-revolving"
land and Boston....
20,10101
aO.SlOOO S. A. Kean. Chlcairo
Well. Uoth A Co.. Clncln
4i 80-year bonds were all awarded to N. W. Halsey & Co., Seanonvood A Mayer. Cm
2u.2ne Ou People's B'k, Martins Ferry. 80,0»6 7I
104-07— a basis of about 3 '77?. These H. Klejbolle * Co.. Clncln.... 20,260 00 Mew Ist Nat. B'k, Columbus. 20,000 0|
New York City, at

—

:

|

,

,

—

:

August

THE OHRONIOLB.

15, 1903.]

Perth Amboy, N. J.— Bonds Sold in Part to Sinking Ftmd,
advised that no bids were received Ausiust 7 for
the |SO,O0O 4^ 30-year water bonds described in V. 76. p. 1371,
and that the City Treasurer waa then authorized to purchase
125,000 of the bonds for the sinkinjf fund
Pioneer Irrlir»tIon Distrld (P. 0. Caldwell). Idaho.—

— We are

3pm.

Bond

SepOffering.— Proposals will be received until
12, by the Board of Directorp, Rees H. Davis, Secre
tary, for $43,500 6^ conpon bonds. Securities are the unsold
portion of an issue of f207,555 authorized at an election held
Oct. 14, 1901. Denomination, $500. Date. July 1, 1903. Interest semi-annually at the First National Rank of Caldwell.
Maturity, f 1,000 in 1918, fi.OOO in 1914, $3,500 in 1915, $3,500

tember

in 1916, f4,500 in 1917, |4,000 in 1918 anrt al?o in 1019, $6,000
As stated above,
in 1920. $7,000 in 1921 and |8 000 in 1933.
$165,000 of this issue has already been sold as follows:
$80,000 to W. C. BrHdbury in payment of the Phyllis Canal,
$10,000 to Howard Sebree in payment for the Caldwell
Cacal, $5,000 purchased by the Citizens' State Bank of
Nampa. $5,000 by the Commercial Bank of Caldwell, $15,000
by the First National Bitnk of Caldwell and $50,000 by Doke
Co. of Chicago, the sales all being made at par
M. Farson
and interest. The ofiBcial circular states that the Sapreme
Court has passed upon every point touching the legality of
the organization, the regularity of all proceedings subsequent to the organization, the validity of the bond issue and
the constitutionality of the District Irrigation Law.
Port liaron, Mich. Bonds Not Sold— Bond Offering.—Proposals were asked for urtil 12 M yesterday (Auguat 14),
by E. A. Cady, City Comptroller, for $41,000 4% repaving,
$15,000 45r school and $10,0C0 i% sewer bonds. Diteof bonds,
July 1, 19 3, Interest semi-annually at the Hanover NaMaturity, July 1, 1933. An
tional Bank, New York City.
unconditional certified check for S'i of the par value of the
bonds, payable to the City of Port Huroa. is required with
bide for * ach issue. These bonds were offered on July 29,
but no bids were then received.

&

Baleigh Township,

Wake

Connly, N. C.—Bond Election.—

An

election will be held September 22 to vote on the question of eubecribing to $30,000 8^ second mortgage bonds of

&

the Raleigh
Pamlico Sound Railroad Co. The bonds,
authorized, will carry 5% interest and mature in 30 years.

NEW

Chamberlain is offering for sale $60,000 S^% improvement
debentures. Denomination, $500. Date, May 1, 1903. Interest semi-annually at the office of the City Chamberlain.
Maturity, May 1, 1943.
Securities are exempt from city
taxes.
Debenture debt, Aug. 6, 1903, $3,735,443; sinking
*
fund, $493,180.
Township, Wake Coanty, N. C.—Bond
St. Matthews
Election.- An election September 23 has been called to vote
second mort$5,000 5% 30-year bonds as a subscription to
gage bonds of the Raleigh
Pamlico Sound Riilroad Co.
San Francisco, Cal.— Dafe of Bond Election. The Mayor
has signed the bill providing foi* an election September 29 to
vote on the question of issuing upwards of 18 millions of
bonds. The purposes for which these bonds are proposed
and the amount contemplated for each improvement will be
found on page 365 of the Chronicle of Aug. 1.
Santa Rosa School District, Sonoma Coauty, Cal. Bonds
Defeased.- Thequestion of issuing $18,000 4% 1-12-year (serial)
school bonds failed to carry at the election held Auguat 1.
Sawtelle School District. Los Angeles Coantv, CaL
Bond Sale,— Thia district has sold an issue of $1,500 6^ 10-

H

&

—

INVESTMENT BONDS

NOON. SEPTEMBER

1ST, 1903, at the office of
the County Treasurer, It the Court House, City of
Spokane, Washington, for $300,000 refunding bonds.
Said bonds to be dated October 1st, 1903, and bear
Interest at a rate not to exceed 6 per cent, payable
semi-annually, principal and interest payable at the
flscal agency of the State of Washington in New
yorkCity.
Said bonds to be in denominations of $1,000 each.
In one series, known as series "IS," payable In
twenty yea's, with option of the County paying in
ten years if it so elect.
Above bonds are issued for the purpose of refundIngt50,00000 of funding bonds issued by the said
County November 1st, 1S93, and $t!50.000 00 CourtHouse and Jail bonds, Series 1, dated Novtmber 1st.
1803.

Bidders are asked to name the price and rate of
which they will take all or any part of
Mid bonds. All bids to be marked "Proposals for
Bonds."
Cash or a Cashier's check Issued by a United States
National Bank, payable to Spokans County, Washington, must accompany each bid to the amount of
3 per cent of the amount bid; same to be forleited
to the County in case the bid be accepted and the
bidder fall within the specified time to comply with
the terms of his bid.
The right is reserved to reject any and all bids.
By order of the Board of County Commissioners.
Dated at Spokane, Wash., July 25, 1603.
Interest at

COLLIN,

CO.,

BANKERS,
IndlanapoUi, Ind.

OF
Munlcfpalities,

and

Railroads

HiQH-CRADE

TTf it« jar Circular.

MUNICIPAL,

MASON, LEWIS & CO.
CORPORATION,
BANKERS.
RAILWAY Boston. Clilcago. Philadelpbla.
BONDS.

MUNICIPAL

Indiana Bonds and Local Stocks

AND

a Hpecialty.

R.

F.

FULTON & CO.,

Municipal Bonds,
171

la 8alle

BONDS.

E.H.ROLLINS & SONS,
BOSTON.

street,

CHICAGO.
INVESTMENT BONDS.

County Auditor and exthe Board of Commissioners.

FARSON LEAOH &

00.

SEND FOR

We Buy

STOCKS

LIST.

MEW YORK.

CLEVELAND.

BOSTON.

Blodget, Merritt

Public Securities,

&

16

T. B. POTTER,
MUNICIPAL and onkinc

oUIMUb,

LIST ON APFJLICATIOK.

MacDonald, McOoy & Oo.,
KUKICIPML AMD CORPQRATIOH

BONDS.
IL.L.t.

BONDS

Listed on

New York

Stock Exchange.

Fractional

lots

market prices a

of

stocks

at

close

specialty.

NASSAU STREET, NEW YORK.

Street,

CHICAGO,

and

Congress Street, Boston.

36

B08T0II.

STATE. CITY & BAILBOAD BONDS.

Washic^on

and Sell

Co.,

BANKERS

PHIL.ADE1.FHIA.

172

San Francisco.

Chicago.

DenTcr.

OENISON, PRIOR & CO

CORPORATION

Corporation

Service

Public

Chairman.

STEWART,

OHICAeO.

Corporations,

SavluRS Banks, Estates, Trust
Blonds and conservatlTe private investorB.
Sultatiie for

Sealed proposals will be received by the Connty
Commissioners o( Spokane County. Washington, up

Attest- Z.

—

WILD &

J. F.

REFUNDING BONDS.

Offlclo Clerk of

Red Bank, N. J.— Bond Election.— An election will be
held shortly in this township to vote on the question of issuing $40,000 i% 1-30-year (serial) bonds to take up a like
amount of 6% sewer certificates. Denomination, $1,000. Dr.
A. Ot. Brown is Chairman Finance Committee.
Rosebnrgr (Ore.) School District.— Bond« Voted.— Thia
district on August 8 voted to issue $20,000 high-schoolbuilding bonds.
Rose Hill Township, Cotfonwood Coauty, Minn.— Bond
O^ertnflr.— Proposals will be received until September 1 by
Clark W. Seely, Town Clerk, for $2,000 bridge bonds, at not
exceeding 5^ interest. Authority, Chapter 86. Laws of 1908.
Maturity, $125 yearly on
Interest annually on August 1.
August 1 from 1909 to 1918, inclusive, and $150 yearly on
August 1 from 1919 to 1923, inclusive.
The Police
St. Bernard Parish, La.— Bonds Authorized.
Jury on August 3 authorized the issuance of the |50,000 5%
40-year road bonds voted at the election held July 23, 1903.
Denomination, $500. Date, Oct. 1, 1903, Interest annually
on January 1 at the Citizens' Bank of New Orleans.
St. John, N. B.— Debenture Offering. -Fred. Sandall, City

INVESTMENTS.

Spokane County, Wash.,

Q. H.

if

365

INVESTMENTS,

LOANS.

^300,000

to

—

—

—

Z7Z

La Salle

Street, Chicago.

4 State Street,

BOSTON.

WHITE & CO,

C. H.

SI Liberty

$10,000

St.,

Mew York.

SHERMAN, TEXAS,

6% AVATEft BONDS,
Tliis city has an
offered at an attractive price.
assessed valnaiion of over |5,0D0,0oO.

BAKRY

B. POTE^ELI. & CO.
Woodstock, Vermont.

:

THE OHKONICLE.

366

year school-bnildine; bonds. Denomination, |300. Interest
payable at office of County Treasurer.
Sehencctadj-, N. T.— Bond Sate.— On August 13 the |319,000 i% registered water bonds described in V. 77, p. 815, were
awarded to R. L, Day & Co., New York City, at 108 13 18

and interest. Foliowinfi: are the bids
B L. D«v & Co.. New York ....108131S SeatoDKOOd & Marer, Otncto.... 101*90
* A Co. and DooiFar^!^"
Schenectady SavinjjB Bank for
:

'

'

InU
E. Sc

'08-777
N.Y
for tllH),000.102e6
Co., New Tork.l0l»-631

I

K. W. Uiirns

101-09
lOO'lO

$7U,000
S A. Ke«n. Cblciieo

Ick,

,

o.,

10000
4
W.J.Uayes&Sons, Cleve
Sealy, Texas.— Bond Election. The School Board is considering the question of holding an election to vote on the
issuance of bands for a school house,
Seattle, Wash.- Bond Election Proposed.— The City Council is considering the question of holding an election to vote
on the questiiDn of issuing |U0,0JO city hall site and $500,000
city-hall- building bonds.
8haTfnee (Oku.) Schojl District.— Bonds not to be Heoffered at Piesent.—V^e are advised that the $50,000 4<t 80
year building bonds, offered but not sold on June 28, will
probably not be again advertised until the market is more
promisiDK.

—

B

Shellsbarg,

nton County, Iowa.—Bonds Fofed.— This

town

recently voted to issue $3,943 25 5% 1-20-year (serial)
water bonds, Mr, L A. Dickinson of the Finance Committee will entertain proposals at any time for the private sale
of these bonds. Interest, annual. Maturity, $200 yearly.
The town has no indebtedness.
Sheraden School District, Allegheney Connty, Pa.—
Bond Ofering, Proposals will be received until 9 p. M
September 3, by Geo. F. Smith, Secretary (P. O. Sheridanvllle) for $36,000 i% fuuding,bonds.
Diuomination, $1,000.
Interest semi-annually, free of tax.
Maturity, 80 years.
Certified check for $250 required.
Sloax Center, SloniCoanty, Iowa.— Bond OJ'eringr.- Proposals will be received until August 24 for $4,500 Hi gasplant bonds. Denomination, $500. Date, Sspt. 1, 19D3, Interest annually in Sioux Center. Maturity, Sept. 1, 1918.

—

,

Sonera (Texas) School District.— Bonds

iVot

Soid.— We

are advised that no bids were received for the $7,000 A% 5 20year (optional) school bonds offered for sale on August 1.
For description of bonds see V. 77, p. 107.

[Vol. LXXVII.

South Bend(Ind.) School Dlst.- Bond O^ering.— Propowill be received until 11 a m., September 1, by Geo. A.

ftls

Baker, District Treasurer, for $100,000 i}4i 1-10- year (serial)
bonds. Date, July 1, 1908. Interest semi- annually at the
National Park Bank, New York City. Bonds will be sold in
lots of $20,000 each or some multiple thereof, one-tenth of
each lot maturing each year. Bids will be received only on
the blanks provided by the Treasurer and must be accompanied by a certified check for 8^ of the amount of bonds bid
for, payable to the " Treasurer of the Board of Trustees of
the School City of South Bend."
Sampter, Baker County, Ore.— Bond Oj^'ertngr.— Proposals
will be received until 8 p. M., August 25, by S, 8. Start, City
Recorder, for $15,000 6% sewer bonds. Denominations, from
$100 to $1,000, as desired.
Interest semi-annually at the
oflSoe of the City Treasurer.
Maturity, $1,000 yearly. Certified check for $750, payable to the City Treasurer, required.
Swarthmore (Boroagh), Deldiware County, Pa.— Bond
O^erinflf.— Proposals will be received until Aug. 24 by the

Borough Council, Edward

Sellers, Secretary, for $20,000
10-29 year (serial) bonds, at not exceeding A% interest. Bands
are free from tax. Interest, semi-annual. Certified check
for $250 required.

Tecamseh (Neb.) School District.— Bond O^erin^'.- Proposals will be received until 8 P. M., Sept. 7, tor $16,000 4^
5-15 year (optional) school bonds. Securities were authorized by a vote of 227 for to 66 against at election held Aug. 4,
Dite of bonds, Oct. 1, 1903. Interest, semi annual.
Topeka, Kan.—Bond iSale.—Of the $122,755 6% street-improvement bonds described inV. 77, p, 217, $33,600 have been
sold to William Maoferran, Cashier of of tbe State Savings
Bank of Topeka. According to local papers, it is not probable that the city will sell more than one-half of these bonds
the present year,
Yalley County, Mont.— Bond Sale,— On August 10 the
$67,000 i% 10-20 year (optional) refunding bonds described in
V. 76, p. 1425, were awarded to the Thos. Cruse Savings
Bank of Helena at par. S, A, Kean of Chicago offered a
premium of $160-60 for 5% bonds.
Van Wert, Ohio.— Bond 0#eringf.— Proposals will be received until August 81 by H. C. Redrup, City Auditor, foi
the following bonds

MISCELLANECUS.

INVESTMENTS.
Rudolph Kleybolte&Co.

MISCELLANECUS.
G. WHITE 8c CC,

J.

The American Mfg. Co.

BANKERS,

Engineers, Contractors,
29 Broadway,

DEALERS VS

MUNICIPAL, RAILROAD and

STREET RAILWAY

and
1

NASSAU STREET, NEW YORK.
63-65 Wall Street,

nterest Paid on Daily and

Time

New

DepositSi

New

York.

Investigations and Reports on Electric
Railway, Gas, Electric Light, and
Power Transmission Properties
for Financial Institutions

MANILA SISAL AND JUTE

CORDAGE.

BONDS.

•

•

Investors.

Electric Bailways, Electric Light

York. Power

and Electrle

Plants Financed, Designed and Boilt.

LONDON CORRESPONDENTS:

&

Perry, Coffin

Burr,

FHE GRAND PRIX

TVHITE:

G.

J.

'.eSa

lilmlted,

CO.,

&,

College Hill,

Cannon

St.

Bureau of

Expert Investigation

INVESTMENT BONDS

&

Construction.
60 State Street,

The

Investigation of properties, franchises, patents,
eta Tests, plans and specifications. Supervision
of contracts and management of properties.

BOSTON.

35

NASSAU STREET, NEW YORK.
Telephone 8214 Cortlandt

WAS AWAHDKD AT THE PABIB KXP08ITI0N TO

&

R. A. Lancaster

Sons,

BAKKEBS,
NO. 10 TfALL. STREET,

NEW YORK.
DXAI.KR8 IV

INTESTMENT

MISCELLANEOUS

and

SECURITIES.
SoBthern Securities a

Si^eclalty.

MUNICIPAL BONDS.
E. C.

Stanwood &

Co.,

WHITING'S STANDARD

PAPERS.

Ther are the only American papers which have
ever received this— the highest honor that can be
confened. It means they are the most perfect
made. Insist on having them for your fine correspondence and your ofBce stationery. Are yon nslng
Whiting's ledger Papers In your Biank-Booki.
Samples and booklet free.

WHITING PAPER COMPANY,
And 150 DuANE Street

-

SECURE BANK VAULTS.

OUR ANNUAL

THE FINANCIAL REVIEW
for five years.

H. Smith,

NEW YORK.
BROADWAY,
N. 7. Consolidated Stock Ezchance.
BONDM AND HTOCKH
-

Member

•ffkt and

Held for Caah or on Marvlii.
Correapondence Invited.

Telephone 8886 Cortlandt

1883— 1902.
Glvei a monthly ran^e of Stock and Bond Prlcei

Banker and Broker,
-

MARTIN. Topeka, Kan.

RANGE OF PRICES

New York.

BOSTON.

66

D. H.

FOB »o TBAna.

Devonshire Street,

Fred.

BouKbt and Sold.

nOLYOKE, MA8S.,

BANHEK!!^,
121

Kansas Municipal Bonds

Eitabllfbed 1868,

QENUIKL
WELDED CHROME STEEL AND IRON
aonnd and Flat uars and e-Ply Plates and Angli
FOB 8AFE8. VAULTS. *0.
Cannot be Bawed, Cut or Drilled, and poiltlTely

1888
1893
18»8
1908

CHROME

STEEL,

WORKS.

BaleManTerilntbeU.S

WM.

8t«.,

BROOKL.YM,

H.

V

.

1888-1887
1888-1802
1898.1S97
1898-1802

gives
Fives
(fives

gives

PRICK.

Barglar Proof.

Kent Ave., Keap and Hooper

iBsne
Issue
iBsae
Issue

$2

PKR COPT.

DANA COMPANY,

B.
rex PINE

ST.,

NEW YORK.

August

THE CHRONICLE.

15, 1903.]

$10,900 5« 1-10- year (serial) East

Crawford Street Improvement bouiU,

Winnipeg (Manitoba) School District No. 1,-Df&en-

lu de-

nomination of

11.080.
4,7C0 6t 1-10- joar (serial) Caroline Street
of bonds, Sept. 1, 1903.

367

Improvement bonds of $470 e»ch.
Interest, aeml-annual.
All
Date
bids must be unconditional. Certified check for $300, payable to City Treasurer, required.
YerniilioD, Erie County, Ohio.— Bond p^eHTiflr.— Proposals will be received until 13 m., August 31, by C. H. Nuhn,
Village Clerk, for |85,0C0 5^ 10-20-year (optional) water

i'oW.— We are advised that the $75,000 4« 80-year
debentures offered on July 23 have not yet been sold.
Winston, Forsjth County, N. C.—Date of Bond Election.—
August 31 has been fixed as the day on which the question of
issuing $100,OCQ water, sewer and street bonds will be submitted to a vote of the people. Denomination, $1,000. Interest, not exceeding 5%, payable semi-annually.
Maturity,

Denomination, |1,000.
0. Tfrre Hante), lud.— Bond Offering.—
Proposals will be received until 2 p. Jt., September 8, by
Frank E. Benjamin, County Auditor, for $371,200 4^ "New
Wabash River Bridge bonds." Denomination, $1,000, except
one bond for |1, 200. Date, Sept. 1, 1903. Interest, January
Ma1 and July 1 at the Central Trust Co,, New York City.
turity, $5,000 each six months from Jan, 1, 1913, to July 1,
1922, inclusive, and |161.200 on Jan. 1, 1928.
TVupakoneta, Ohio.— Bond O^ering.- Proposals will be received until 12 m,, Sept. 7, by Charles A. Fisher, Village
Clerk, for the following bonds
$1,600 6% Wood Street sewer bonds of 1300 each. Maturity, one bond Yearly

80 years.

bonds.

VIgoConntf (P.

:

on Jan. 1 from 1B04 to 1U08, Inclusive. Cash deposit of I7B required.
S% East Benton Street sewer bonds of $5X0 each. Maturity, one bond
yearly on Jan. 1 from 19C1 to 1908, Inclusive. Cash deposit of (150

8,000

1,

Interest, eemi-annual.

1908.

Ac-

ington at par for 4 per cents, the State also granting the
district the privilege to redeem the bonds after one year.
The other bids received were as follows:
$28,132 Wm. D. Perkins 4 Co. (5s)
(58)
122,000
Tonkers, N. Y.—Bond Sale.— Oa Aug. 10 the $100,000 i%
water bonds described in V. 77, p. 317 were awarded to the
First National Bank, New York City, at 103 50.
Yonkers (N. Y.) School District.— Bond Sale.- On August
10 the $117,500 i% school bonds described in V. 77, p. 817,
were awarded to the First National Bank, New York City,
at 108 '75 and interest. Following are the bids
103'75
First Nat. Bank, New York
Dominlck & Domlnlck. N. Y....100"13
Yonngstown, Ohio.— Bond Oj^ertnflf.- Proposals will be re-

A. Kean, Chlcaso

S.

ceived until 2 p. M., Aug. 31,
for the following bonds

States Life

Insurance Co.
THE CITY OF NEW YORK.

John

P.

Munn, M.D,, President.

Finance Committee:

WTT.T.TAM H. PORTER.Pres. Chem. Nat. Bank

A

arately.

INSURANCE.

ATLANTIC MUTUAL INSURANCE COMPANY,
'
New York, January 20th, 1903.
^
Conformity with the Charter of the Compmiy, submit the following statement of
its affairs on the 31st of December, /go2i
^emiums on Marine Risks from let January, 1902, to 3l8t Decemher, 1902. .. $3,293,079 76
Premiums on Policies not marked off 1st January, 1902
791,851 53

-„

„

^

The Trustees,

.

tti

Total Marine Premiums

Premiums marked

off

$4,084,931 29

from

1st January, 1902, to Slst

Interest received during the year
"
"
"

eatabUshed and pvosresslve Company, thereby
seouring for themselves not only an immediate
return for their work, but also an Increaslog
annual Income commpnsurate with thefi
success, are Invited to conmiunlcate with

RICHARD

E.

COCHRAN,

at the Company's Office,

3d Vice-President,
277 Broadway, New

City.

Assets, over $8,600,000.
Insurance in Force over $16,000,000.

The Investment

Company

Capital Stock,

•

Snrplas&UndlTid.

•

$2,0U0,000

Profits, $1,000,000

Company nndertakas the

negotiation and

iasne of loam and capital of Companies on the New
York or Philadelphia Market, and will make advan•ea npon spprored Corporate, Personal or Heal
state aeonrltr.
Under its charter rights it will act as Tm«te«,
gent or Manager for tne control of corporations or
for the construction of pabUc or private works.

Atlantic matnal Insarance Company 8erl»
of Ail Years Bonsht and Sold.

JOHN M. GILLESPIE,
No. 513 Atlantic Baildin?,

49-51 Wall Street,

Financial
The 29 annual

NEW YOB&

Review 1875-1903.
issues.

Price, $45. Single issues
B.
CO.,
St., cor. Pearl, New York.

WILLIAM

since 1885, $2.
76}^

Pine

DANA

$3,284,527 73

$415,688 96

__^_^__

losses paid durlngtheyearwhich were estimated
in 1901 and previous years
$288,529 63
Losses occurred, estimated and paid in 1902
1,258,611 19

$1,547,140 82

Less Salvages
Re-insurances

$119,295 96
83,905 68

Returns of Premivuns and Expenses, $477,850 08

202,201 64
$1,344,939 18

The Company has the following Assets, viz.:
United States and State of New York Stock; City, Bank and other Securities
$5,391,199 00
Loans pecured by Collateral, and special deposits in Banks and Trust Company 1,497,088 76
Real Estate corner Wall and William streets, cost
$2,657,000
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

o58 489 37

1

policies

foreign countries
Cash In Bank

of Philadelphia,
American Bldg., Philadelphia,

—

December, 1902

$293,165 92
122,523 04

lessTaxes

Active and successful Agents who desire to
make DIRECT CONTRACTS with this well-

Room

Davies, City Clerk,

Bonds are dated Sept. 7, 1903. Interest will be payable
semi-annually at the office of the City Treasurer.
Purchasers must be prepared to take the bonds not later than
Sept. 7, the money to be delivered at one of the city banks
or at the office of the City Treasurer.
certified check
for 2% of the amount of bonds bid for must accompany proposals, which must be made for each block sep-

JAMES R. PLUM
Leathei Rent
CLARENCE H. KELSEY.Pr.TltGuar.&Tr.Co.

This

I.

1903.

The United

ir«rth

Wm.

$6,000 5% sidewalk bonds of $1,000 each. Maturity, $!,000 yearly on April 1
from 19i 6 to 1910. Inclusive.
1,650 6% East Wood Street assessment bonds of tSSO each. Maturity, $330
yearly on Oct. I from 1908 to 1910, inclusive.
1,425 5% Lincoln Avenue assessment bonds of $285 each. Maturity, $285
yearly on Oct. 1 from 1W06 to 1910, incluelve,
1,650 5)1 Uivlsion Street assessment bonds. Denomination, $810. Maturity,
one bond yearly on Oct. 1 from 1h08 to IBIO, Inclusive.
2,050 6i8 Rayen Avenue assessment bonds. Maturity, one bond of $il0 yearly
on Oct. 1 from 1908 to 1910, inclusive.

Treasurer, rf quired.

I860.

York

by

:

MISCELLANEOUS.

IN

1

|

crued interest to be paid by purchaser.
West Allis, Wis.- Bonds Fofed.— This village on July 80,
by a vote of 155 for to 67 against, authorized the issuance of
$110,000 ^^4^ 1-20-year (serial) water and sewer bonds.
White Plain?, N. Y.-Bond Offering.— Proposals will be
received until 8 p, m., September 7, by the Board of TrusDenomination, $1,000.
tees, for $9,000 4^ refunding bonds.
Maturity, $3,000 on July 1 from 1914
Interest, semi annual.
to 1918, inclusive. Authority, Chapter 428, Laws of 1908.
Certified check for lOit of the face value of bonds required.
Wilson, N. C.—Bond Ojfermg.— Proposals will be received
until 6 p. M., August 31, by Doane Herring, Mayor, and the
Board of Aldermen, for $40,000 5% water, sewer and streetimprovement bonds. Denomination, $1,000. Date, Oct. 15,
1903,
Interest semiannually at the United States Mortgage
& Trust Co,, New York City. Maturity, Oct. 15, 1933. Certified check for 5% of the par value of bonds bid for, payable

Town

Yakima County (Wash.) School District No. 7.—Bond
8ale.-0n Aug. 8 the $32,C00 10 20-year (optional) bonds, described in V. 77, p. 268, were awarded to the State of Wash-

:

required.

Date ot bonds, Oct.

to the

/MJ-ea JVof

pay able in

'

'

188,675 59
262,607 84

Amount

$11,430,060 56

Six per cent,

interest on the outstanding certificates of nroflts will be paid to the holders
tnereot, or their legal representatives, on and after Tuesday ,"the third of February next.
The outstanding certificates of the issue of 1897 will be redeemec". and paid to the holders
thereof, or their legal representatives, on and after Tuesday, the third of February next, from
which 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
for the year ending Slat December, 1902, for which certificates will be issued on and after
Tuesday, the fifth of May next.
By order of the Board.

G.

STANTON FliOYD-JONES,

Secretary*

TRUSTEES.
EWALD FLEITMANN.

GDSTAV AMSTNCK.
W. H. H. MOORE,
JOHN X. BEACH.
CLEMENT A. GRISCOM,
LEVI P. MORTON,
FRANCIS M. BACON,
ANSON W. HARD,
HENRY PARISH,
WILLIAM H. BOULTON.
JOHN 0. HEAVLETT,
FREDERIC A. PARSON&
VERNON H. BROWN,
LEWIS CASS LEDYARD,
DALLAS B. PRATT,
WALDRON P. BROWN,
FRANCIS H.LEGGETT,
GEORGE W. QUINTARD.
JOSEPH H. CHAPMAN.
CHARLES D. LEVERICH,
A. A. RAVEN.
GEORGE C. CLARli.
LEANDER N. LOVELIi.
.TOHN L. RIKER,
JAMES G. DB FOREST.
GEORGE H. MACY,
DOUGLAS ROBINSON,
WILLIAM E. DODGE,
CHARLES H. MARSHALL,
GUSTAV H. SCHWAB.
CORNEUCS ELDERT.
WILLIAM 0. STURGES.
A. A. RAVEN, President.
CORNELIUS ELDERT, sd Viee-Pres't.
F. A. PARSONS. Viee-Pres't.
THEO. P. JOHNSON, jd Viee-Pres't.

ViCKERS

A

PHELPS,

29 Wall Street

New York

INYESTaiENV BROKERS,
HIQHM8T GRADE RAILROAD

BONDS.

BONDS

and

STUCK

CERTIFICATES.

Finest EDgraved

Work.

Also cheaper— but not cheap-looking— partly Utho-

^apbed and partly type-printed, finished In
few davs. Send for samples.

ALBERT

3.

&

B. KING
CO.,
Engravers and Lithoeraphers,

(Telephone «eanectlOD.)

103 William

St.,

N. Y.

:

THB OHKONICLE.

368

LXXVII.

[Vol.

Svtist ©omirauies.

BEAUMONT

FIDELITY TRUST

TRUST
New York
'i'i

NEWARK,

Bb

N.

OF ILLINOIS,

J.

L.ondon, Eusland.

City.

\59 Cannon

Pine Street.

139

COMPANY,

CO.,

BEAUMONT, TEXAS.

CENTRAL
TRUST COMPANY

St.

ChlcaKO,
La Salle Street.

over

rapltal,
SurplDs,

$9,000,000 00.

W. THOMPSON. President.
J. H. BAILEY. Vice-President.

CHICAGO

& Undivided Profits

Capita/, Surplus

BARTON. Vlce-Preildent,
R. C. BUFF, Vice-President.
JASON C. MOORE, Treainrer.
HORACE H. LANEY, Secretary.
ALFRED H. EVANS, Aist. Sec

OFFICERS!
MoGARTER
President
JOHN F. DRYDEN
TIee-Presldent
JEROniE TAVLOlt,
Trnst Offleer
FREDERICK W. EONER. See. and Treas.
JAMES H. SHACKLETON,

Does a General Tmst Company, Fldaolaryi and Banking Business, and has Bi>eolftI
facilities, both here and abroad, for handling
Railroad and all other Good Securities.
Executes tmsts of every description, and acts
aa llscal agents and registrars for approved

Asst. See. St Asst. Treas.

I.

D.

noK.

oompanles.

CONTINENTAL
BANK & TRUST CO.,
FORT WORTH, TEXAS.
Charterei), ,Icly

26, 1870.

Transacts a ceueral bankine business, accepts and
pay? Interest ou savlntig deposits, acts as aseut for
any approved tlnanctal business, manaees and lells
reiU estate, looks after estates, makes real estate and
other loans and investments for clients, eondacte
mortease foreclosures, takes ctiarxe of lltittatlOD
and does a general ddnciar; and trust business.
J.

OFFICERS AlfD DIRECTORB:
G. WILKINSON. President.
D. T. BOMAR, Ist Vice-President.
D. B. KEELKR, 2d Vice-President.
A. M. YOUNG. Cashier.

E. H. Carter,

Geo. Thompson,

Morgan Jones,

E. P.

W.

Bomar.

U.

W. Flonmoy

C. StripliuK.

" T*« Old«t 2 ruit

Comvanv *n

Oregon."

PORTLAND
TRUST COMPANY
Incorporated April iZ, 1887.
Isfue coupon certificates of deposit for two,
three, four or tlve years, on which we pay interest
at the rate of four per cent per annnm as per semiannual coupons attached.
issue call Intereitbearlns certificates- of- deposit at various rates, aa
defined In our book of ILLUSTRATIONS, ooplet
of which we sball be clad to furnish.

We

I.

COHEN, Preiildent.
B. LEE PAUET.

Oregon

&

Philadelphia

Loads on approve'l security. Bonds bought and
sold. Interest paid on timn deposits. Acts as adnMnlstrator. ezecaior. Kuardlan. assignee, receiver,
transfer a^'ent and regi^'trur. Trust funds and trust
Investments are Icept separate from the assets of
the bank. Loans made for capitalists on city real
estate or farms guaranteed
Large tracts of timber
aad a«rlcaltaral lands for sale.
.

Correspondence solicited.
Marlon A. Butler, Attorney for Company.
References; Portland Trust Company of Oregon,
Portland; -Merchants' National Bank, Portland. Ore.;
Urst National Bank of Pendleton, Ore. Hirst National Bank, Baker City, Ore. The Braditreet Co.
Pres.

R. L. Williams. Viee- Pres.
E. C.

A.H. Butherfoord.Treaa
H.P.Page,

Redmoad.

DAWB8.

President.

A. UHRLAUB, Vice-President.
LAWRENCE) O. MURRAY, Seo'y 4 Trust Offloer
WILLIAM R. DAWKS, Cashier.
L. D.

SKINNER,

Asst. Cashlen

MALCOLM MCDOWELL. Asst. Secretary.
MAX PAM, General Counsel.

DIRECTORS)
HARRY RUBENS,
GRAEME STBWAB*
THOMAS B. LYON

BABLING,
UAJ PAM,
CHAB. T. BOTNTON.
P. A. VALENTINE,

ALEX. H. REVBLL.

FRANK O. LOWDEN,

CHARLES G. DAWB8.

A. J.

Charles A. Felok,

Bernard Stranss.
John C. Elsele.

Wm.

H. Melntrre.
Anthony R. Kuser,
Schnyler B. Jackson, Henry R. WInthrop.
Uaal H. meCarter,
Mark T. Cox,
J erome Tayler,
Henry M. Doremns,
Wm. M. Coler Jr.
Otto U. Kahn,
William H.Staake. Jacob E. Ward,
Forrest F. Dryden,
Robert U. DlcCarter.

BANKING

SAVINGS AND
DEPARTMENTS.

TRUST

Maryland Trust Co.,
N.

The Merchants'
Loan & Trust Company.

A

Legal Depository for Court and Trust Funds,

SAFE DEPOSIT BOXES FOR RENT.
Acts as Financial Agent for States,
Railroads and other Corporations.

Chicago.
BSTABLISHKD

W. Corner Calveri and German Streets,
BAI^TimORE.
CAPITAL, - - $2,125,000
SURPLUS, - - $2,437,500

general trust

1667.

CAPITAL AMD SURPLUS, 86.0U0,0UU
GENERAL BANKING.
Accounti Solicited,
High Grade Bonds,
foreign Department,
Savings Department,

a

Lends money ou approved

WILUOXBROWN,
UENRYJ BOWnOIN,
Vice-President.
LLOYD L. JACKSON. 2d Vice President.
ALLAN McLANE, 3d Vice-President.
CAKROLi. VAN >ESS, Secretary & Treas.
isl.

L. S.

Safe Deposit Vaults.

ZIJIMEHM AN, Asst. Secy & Asst.Treas.

Wm. A. Marburg,

Directors:

J.WillcoxBrown, J. A. Tompkins,
B. N. Uuker.
H. J. Bowdoin.
S. Mandelbaum,
Leopold Strouse, Kred'k W.Wood John Pleasants,
Henry Walter.s. AndrewD.Jones, J. L. Blackwell,
W.B. Brooks Jr., Joshua LeverinK, Geo. C. Jenkins,
Lloyd L.Jackson, James Bond.
John S. Wilson,
G.A.vonLingen J. S. Lemmon,
H. A. Parr,
Hall,
Clayton C.
L. F. Lores.

Cyrus H. McCormlck,

Lambert

Towns,

Transacts

security. Allows interest on special deposits. Acts
as Trustee under MortKages. Assignments and Deeds
of Trust, as Auent for the Transfer or Keitistration
of Stocks and Bonds, aud for the pa>ment of coupons, interest and dividends.
J
President.

Tnut Department,

Marshall Field,
Albert Keep,
A. H. Burley.
Ellas T. Watklns,
Enos M. Barton,
K. D. Hulbert,

l)ui>inesn.

Cities,

Tree.

Erskine M. Phelps,

Moses J. Wentworth,
E. H. Gary,
Orson Smith.

Secretary.

Securities Co.
McKAY BLDQ., PORTLAND, ORE.
"
Capital,
$100,000.
"BANKERS AND BROKERS."

i.Wm.Middendorf,

S.

DIRECTORS:

IWe

BEMJ.

Henry

O.

W. IRVING OSBORNE, Vice-President

DIRECTORSt
J«hn F. Dryden,
J as. W.Alexander,
James H. Hyde,
Leslie I). Ward,
Edrar B. Ward,
William Scheerer.

OF OREGON.
I

CHABLE8

UZAL. U.

V. Goode,

J.

94,000,000
1,000,000

BecA Auditor

Uathaway, General Manager.

Railways and Light
of America,

EXECUTIVE OFFICE,
59 CEDAR STREET, NEW YORK.
Acts as Registered Aofent for Corporations

and

BALTIMORE, XD.
Finances, Builds, Purchases Electrlo Railway*
Lighting Properties, Waterworks, Iss
Plants, etc. Examinations made and reports tar
alshed on all classes of Indostrlal properties.

le«trlc

Correependene* Bellclted

Jersev

New York
AND

DIRECTORS.
CUYLER, Cuyler. Morgan & Company.
OSCAR L. <iUBELl>IAN, Treasurer Commercial Trust Company of New Jersey.
JOHN W. HAKDENKKKGH, President Commercial Trust Company of New Jersey.
K<mERT 8. KOSS, Vice-President Commercial Trust Company of New Jersey.
WILLIAM C. SUERWtlOD, Vice- President of the Company.
EI).'>IIINU W. WAHELEE, Treasurer of the Company.
GKOKGK W. YOUNG, President United States MortKage & Trust Company.
JAi»lES C. YOUNG, President National Realty Company.
C. C.

COLONIAL TRUST COMPANY,
Broadway, New
Paul
York.

Building, 222

Capital, Surplus

and Undivided

Profits,

$2,400,000.

Transacts a General Trast and Banking Business.
Allows Interest on Daily Balances.

OFFICERS!

KiBctmn omosi
COMTIIIRNTAL TRUST BCILDIMC

New

As Transfer Agent and Registrar for Corporations of all States.
NEW JERSEY OFFICE, 15 EXCHANGE PLACE, JERSEY CITY.

St.

Co

in

JOHN

E.

BORNE,

KICIIARD DELAFIELD.)

CORD MEVER,
JA.MKS

\V.

> Vice-Presidents.

TAPPIN.

President

ARPAD S. GR08SMANN, Treasurer
EDMUND L. J UDSON, Secretary.

)

PUILIP

S.

BABCOCK,

Trust

Officer.

TRUSTEES!
Henry O.HaTemeyer, Daniel O'Day,
Anson R. Klo^'er,
Percival Kuhne,
I<owell i>l. Palmer,
John E. Borne,
Richard Delafleld,

Cord ."Meyer,
Perry Ilelmont.
Wni.T. Wardwell,
Frank Cnrtlss,
Henry N. Whitney,
Vernon Q. Itrovrn,
Theo. W. niyerM.
Setfa M. Mlillken,
Sewesra Webb

W

L. C. Deaaar,

Geo. Warren Smith
S. Dickeraon,
Jamea W. Tappln.
<ieo. W. qulntard.

John


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102