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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 Iday All cities, Total The all cities for week.- —14-2 +5-0 -H>5 -8-7 161,080.032,159 97,823.931 75,537,520 19.583.238 127,095,074 39.109.313 8.056.241 +240 +16-1 +8-2 278,097,461 gl.447,238,076 249,861,411 -7-4 +11-3 $1,618,208,304 851.098,623 $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. £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 O Bloomington Quiney Decatur 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 Total Mid. Western +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 813,904 905,817 857,747 311.213 250,553 312,700 237.178 323,852 -Ki-« 1.297.951.097 795.7ti2.650 231.784,979 82 22,608,079 4.651,209 3.921.619 29 ,230, San Francisco Los Angeles 6 ,144, 361 Seattle 8alt Lake City 4, 672 3 491 045 2, 400. 883 Spokane Tacoma , Helena 2,,663,1 4.025,:iS7 1 ,558. 18:^ 432, 564 2,804.240 1,832,817 1,190,715 585,4 439.879 273.55U 417, II Fargo , 227 SioiLX Falls , Kansas City -Minneapolis , Omaha Paul Joseph , , Denver Des Moines , Sioux City Topeka Davenport 51,057,473 42,332,970 23,656.2' 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 Macon +10 +1-1 +25-5 -1-100 —4-3 +4-4 +30' —3-6 +139 -11-0 +79 +37-0 +01 —100 +38 , 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 —33 1 '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 80.279 207,531,946 -fl4-5 98 42,293,712 8,913,818 9.116,593 5,000,000 1,774,500 3,752,999 28-3 +3-2 +32 , Total Pacific St. St. 491,:24i , Portland Beaumont 667,788,105 70.780,560 25,668,203 17,268,890 4,832,451 2,220.807 2,136,514 1,543,992 239.123,46u Ann Arbor Knoxville 1901. Dec. 90,103 484.218 418.812 337,130 383,091 333.231 276.578 357,499 181,254 208.153 163,745 70.23 202,63: 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 +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 Ottawa , tJuebec. , 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 out that the closing by foundation, but which at all events served to direct tion—contraction of course so short outstanding their cover could they attention to the great prosperity which the anthracite of loans 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 respreading confederation, out the increase in the dividend on the stock of the homogeneoas been 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 aggregation unwieldy. make the large as to 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- 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. Commercial paper Is In good demand from but local banks are out of the market 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. gold or finance bills transfer of $166,200 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, sixty day and 4 86@4 86^ for sight. Actual rates at 3 for Exchange during the week Stock 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 notes reported by the and amount specie of 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. days Lasard Frerei 5 60 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 4tfl« 4 84 4 4 4 4 8e« 84X 84 84 137 84H 4 87 P« 484 4 80H 84 4 84 8» 4t'e« 86^ 4 84 84 ^0^ 12^ 88H l^ 88M 84 66^ 80 to 84 to 84 S6H 80« fce^ 84 84 e6« 84 8ej4 84 86« 84 84 84 8e« sew 83H £0H 84 Kfl« 86 84 63« 80 4f-BH 86 83« 63H 84 last show with 8S« il« 80 If" 80 l^ 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 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 Gold. Total Kold and legal tenders Beceived by SMpved bi/ N. Y. Banks. N-.T. Banks. $6,807,000 $4,090,000 1,117.000 747,000 $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 Germany Russia Ans.-Hung'y. Spain Italy Netherlands Nat.Belg'm.. . by the public eye. In considerable part, 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 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 Now 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 the general prosperity, 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. three years next 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 " No definite conclusions based on these changes alone holder on Wednesday of this week quoted the head 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 largely. I think were not called upon very 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 $7,154,071 or almost 17 per cent. gives the comparisons back to 1893 : increment had The following . AuacsT THE OHRONIOLB. 15, 1903.] MOeage. QroMt Mamingi. Tear Pr4eeAing, fll/s, Inereait or Decreaie, (buiA.) Ytar Tear T*ar eivtn. Prteedinn Qiven. MUM. MUt3. 98,711 90,816 91.988 40,018.988 29,730,0*- 41.828, 155! 93,995 93,418 96.886 90.417 93.908 90,688 87,616.044 88,805, 000 Inc. 5.881.035 89,023,091 88.504, OOi Inc. 1,418.097 43,066,387 41,056, 906 Inc. 1,999.181 89,401,085 88,888,069 Inc. 679.036 49.779.446 48.625,,376 I>ie. 7,164.071 48,884,012 46.085, 5(4 Inc. 3,793,468 89,891 98.947 63.849.645 46,334, 619 Inc. 8.516,020 81,197,348 S6.849,967 Inc. 4,347.881 97.910 96.049 69.395.818 61,980. 981 Inc. 7,414,895 98,467 91.918 90.373 91.845 a8$>,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 18,188,1'I0 128,588,090 79,103,911 l.-)8.712,666 ,428 17,121,001 17,681 Total Rraln the other South. On In the 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 53.481,421 186,167,883 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 2.568.021 3,466.698 8,260,835 15.9rt6.101 26,786,774 68.810,488 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 strike which coal miners' 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 AHD OBA.IM FIVE WEEKS BMDIIfO A0OU8T 1 or FLOUB FOB BB0BIPT8 only 30,288 bales, against 61,409 bales last year and 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. 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 1901 1903. 1908. 600 42,269 148 581,653 100.929 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<5 884 170 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 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. 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. 42 roads) IMn.ftR.Or. B.Gr. W..J 01nJ<.0.4Tex.P. 05S2,002 478,0'iO Minn. <k St. Nash.ChaU4 SUL. •810,287 •736,847 •622,974 4 West.. 1.881.876 i,6»8,^eo 1,837,807 Norfolk Bt. li. 4 Total. 11,718.74-1 10,616.480 1899. 1898. $ t 1 t ( 708,468 335,2«l 952,553 330.978 291.679 944.960 1,483.900 l,4e3.374 892.226 l,327,10i 387,166 828,296 1,871,559 1,865,044 8.464.000 3,079,000 8,213,014 2,576.987 2,265,198 661,945 2,823,406 2,864,661 1,«81,598 1,818,307 J 8. Ft. 271.807 216,400 752.806 2,109,441 497,635 83.906 842,472 24,701 821 OOS 869,210 479.849 273,392 872,013 104.296 [ 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 Pao. TotaL 470,06 J I 588,537 774,282 10,818,501 80,634 626,868 J BUL. Bonthw. V«xai4 781,272 8,662.9^0 9.745,769 6,183,466 7,943,033 0,950,638 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 1,876,668 1,052,181 864,676 8,810,402 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.. Ann ArDor 1900. 1888. 1 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. r.W.4B.Qr. 1899. t 119.685 • $78,124 1902. K.CJ.8.4M. K.C.M.4B. 1800. 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 eirotM Lools 1.486,000 181.876 570,017 458,649 liOaliT.ANashy.. 68,931,810 63.709,241 68,811,890 Mobile 4 Ohio. +816.853 t665,26ij +506.838 JDeoreases. I tnUftOt. No.. Mo. K. i Tex MaP.ftlr.Mt. « Oent. of Georfcla. *7,218,661 their geographical location. BABNinoa OF SOnTHWESTBRN OBOnP. < t 803.4(0 677.871 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. 1901. 0940,257 709 974 To complete our Julu. 1008. the only road having a loss is LXXVII. [Vol. all sec- tiona of the country contributing to the same. Minneapolis . . . .( . THE CHRONICLE 8^8 Atlanta Knoxv.&No. Ba tlmore & Ohio. ; Bait. & O. So'wn. Bellefoute Centrsil.. Bufl. Rooh. APlttsb.. 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.. } yl57,318 Vll9,501 -f37.817 809 809 300,364 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 33,974 145,523 132,783 176,068 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 3,192.608 2,589,422 +603,186 4.085 4,082 8,400,096 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 189.948 143,827 131,117 618.08!- 567,411' 398,018 837,693 128,222 429,936 476,686 322,98^ 139.841 3.805,203 •982,654 8,348,770 •864,831 8,175,762 776,316 198.117 135.793 865,0«2 173,257 816,783 110,790 248.087 383,921 \ 8o. 1 110,763 3S6,246 t 133.945 t 635,198 1808. 1899. 1800. 685,»-99 . OleT. Can. 1901. li>02. 288,678 340,326 116,142 109,476 880,9^3 294,646 99,G32 815,781! 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 01,984 261.341 93.96V 230,828 214,245 670,088 159,353 812,317 102,401 172,478 883.02^ 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 Canadian PaclBc. OlUs.Ot. West.. . Dnlnth8.S.4Atl. Or«at North. S7s. Iowa Central Mlnn.4St. Lonls. M.Bt.P.4B.8.M. North. Paclflc.b > Bt.Panl4Da). > 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.* 1802. 1901. 1900. 1899. 1898. t 8,914,000 t 3,246,620 t 2,851.45- t 2,471,171 t 8,385.625 2,051.863 618.870 £57.410 641,76^ 605,29.- 641.C60 488,600 287,217 3,536.024 3,469,816 1«7,763 244.427 233,438 891,126 173,936 2.233,817 2,268.080 1,818.092 255,68- 8,679 65fc t 208,478 817,613 177,177 163.961 196.821c 135.385 839,389 680,476 297,10) 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 4,119,4 23 3.850,370 162.8.6 614.638 681,081 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. 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... Julu. 1808. 1802. 1 t 1901. Bal.4 0... BJkO.S.W P.AW.8yB [ 5,892,580 O.T.of Can. Gr.T.West I>.a.H.4M 1I.Y.C.4H+ Waba«h.... Total. .. 190O. 1899. t t 1808. < t 2.810.160 < 607,234 ( 8,643,505 3.800,833 I 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 0,443,852 ] 3.182,608 '. Wabash Wheel. & Lake Erie.. Wisconsin Central... Tazoo& M1B8. Yal... anerisse. + 1.111 -6,216 +2.264 —78,124 +31,236 + 55.543 880 558 177 839 880 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 tnterooeanlc (Mex.).. Mexican Centralf... Mexican Railway.... Mexloan Southern... Nat'l BR. of Mexloo.. 1 In tota J3«6,400 6390,440 1 999,90,^ 1,?)14.939 5354,3U0 y61,430 923,405 §351,300 »^8.124 676,136 Is.) -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 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 East'n of Minnesota s Montana Central Hooking Valley Illinois Central ......... Illinois Southern Great Northern. Int. & Iowa Central Kanawha & Mlohleran. Kansas City Southern.. Lake Erie Western. 1.200,413 862,081 660,147 1,069,464 180,435 106.6284,714 155,604 50.889 & 3,005,133 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 18,790,524 1,401,695 197,962 . 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 1 Mexican Railway Mexican Southern National RR. of Mex... 248 Of this & —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. 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 — 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. —The Citizens' liquidated 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. last, as trustee. are placed at |37,648 and of secured claims is The amount given as $173,588 and the unsecured as $167,891. §2,375,825! 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. % 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 $445,620. The bank's six-story building is now in course of and Market streets. The first floor and basement will be set apart for the bank's own use, while the upper floors will be utilized for office purposes. erection at Fourth — H Includes proprietary roads in both years. \ Figures are for period to Joly 25, Navigation companies. Aug. 1903— —Mr. tThe Monterey AMexloan Gulf was not Included In 1902 until March 1, and the Mexico Ouernavasa & Paclflo Bio Verde Branch, e.tc, not for any part of that year; all these roads are included In 1903. Includes Lake Erie sale. Aug. 1903— 260 260 102 shares were sold at the Stock Exchange. Otto T. Bannard, President of the Continental Trust Company of this city, is expected to arrive homa next Tuesday from Europe. Mr. Bannard returns after enjoying six weeks' vacation spent in traveling through various parts of Europe. Traders' Bank of —The stockholders of the Mechanics' this city, at a special meeting on Tuesday of this week, voted to enlarge the board of directors from fifteen to twenty-five and to increase the Vice-Presidents to four. The additional Vice-Presidents will act as representatives [of the bank at its various branches. These changes have yet to be ratified by the directors and the State Banking Ddpartment. * approximate. I Latt previous Price. Trdbt Oompahibs— JVew Tork. 230 totals. §•2,596.100 a Figures are for period to June 14 only. Boston & Albany included in both years • 8/iare$ Bawkb- RTew For Ac. *142 01ty Bank, National 25 Windsor Trust Oo 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 Interoceanlc (Mex.) Mexican Centralf Decreait. 422,579 244,913 122,298 158,141 21,276 21,536 128,967 26i,031 16,939,977 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 31. 4,077,104 9.609 878,105 4,504.345 834,295 10.633 418,033 370.704 22.812 19,945,110 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 Inereatt. 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. Cln. y3,«28.117 3.205,538 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 Det. Gr. H. A Mllw..) Great No. St.r.M.A M. 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 institution whioh has just begun business. Iowa, 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, is stated, $725,000, of which $325,000 was cash, the balance entry into its new it quarters in the 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*. Mofia The daily closing quotations 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 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 re.. Pretfrred A Wtd. Thuri. rn. 25Bi6 85% 25% 8inctAut. 91 256^7 91 91% 91% 97-80 97 80 3<H» 3% d Atob Top. A Santa Baltimore Thu. iamawk.OS. lama wk.'Ol. Mon. Mat. S9 57% 5738 89i« 89 89 80% 81% 82 59% 89% 61% 91% X83% 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. 87% 24% SeonrltleB *Read *PhUa.&Read.,l8tpref •Phlla. <6 Read., 3d prel Southern Paolfio gonth'n Railway, com. 123 51 135 15 39 20"»8 22 6388 8i 87 89% 89 16% 146% 24% N«wTorkr. «*. Boston Montreal ^, <law OrlasD* :«aivport News. . .... 68% 51% . saiTaiton Portland, Ma Mobil* Port Arthur Wheat Oorn 24% 25% Data. 42 Barley 38% 42% 19% 33% 42% 19% 33% 42% 19% 41 34 28 42 35 23% 41 »Tew. 44% 46% 22% 35% 47 83 7138 Preferred D. 8. Steel Corp., com. 87 22% 2188 22 71 70% 19% 32% S5% 19 31 70% 20% 33% 54% 87% 64% 89 24% 73% •.?4% 36 61 ChesTnut Hill (qnar.) Mahoning Coal North Pennsylvania .".. (qnar.) Phtla. Gerniantown Union & Pacific, com. and pref Norr. (qnar.)... Utica Clinton & Bln^rhainton Street Rallvrarii. 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.)... . 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.) * Transfer books not closed, Auction Sales t Aug 16 1 3 1 to Sep 2 Sep 2 to Holders of rec. Holders of reo. 2 3 Aug Aug Sep 1 4 26 Aug 18 to 4 Holders of reo. 2 Oct 1 2 Aug 3 l%Sep 1^4 Sep 1% Aug 15 3 2 Aug Aug Aug f Aug 30 Aug 39 1 1>4 Correction, Aug 20 25 Aug 19 Aug 20 Oct 13 to Aug 31 Aug 15 Aug 12 20 Holders of rec. Aug 15* 31 Sep Oct t 1 7 7 1 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 Sep Oct Oct J'ly Also 2 p. o. to to to to to to to to to to to to to to to 379.»-94 78,650 182.000 40,000 6U8.600 133,000 Beriir, 819.300 48,195 But, ftitik. 6.886 129,a>^S 114,463 101.H99 97.821 36,830 89,000 24.806 837,885 73,790 46,745 80O "3.618 81,000 4.064 8,021,662 1,176,989 66,188 94,881 510 80,238,915 55 473.410 115.744,680 i»,ei4.iei 8,148,396 46174,474 82.043,787 3,843,436 8,051,660 7,546,469 1.098,803 2,668,3(!5 225,683,111 930.695.330 10?.637,640 Oorn, #ieur, buth. bbli. 67,437 9,231 276,076 88.579 8l,coo Angle Sep 1 Aug 20 Aug 20 Aug 16 Aug 31 Sep 14 38,2i!0 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 Slocks. StoekB. 1,000 Yaqul Copper Co.$5 per Bh. 304,780 875,681 & 35,081 4,001 86,173 kWtfc. " 4,000 8.200 eo 60,858 47,920 16,946 114,870 80,691 83,751 31,047 Aug. •r,H.Ani.Oolo'i nhar dountrlas Total rotal 1001-03.... . Sine* J%lv 8. 1. 1003. 944811 Wetlt week and ilnoe Wheat.Sin«« Jul]/ Aug.S bbU. bbia. A 0. Amarloa. Wait Indies 30,173 696 of these exports for the 133,451 Su,4ie 9,052 29.294 J.8S7 270,808 93,616 137,638 6b0 14,074 83,718 204,780 275,681 1,499,388 1.660,389 1, 1908. bulk. 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 1,968,358 8.379,108 49,341 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 • »«« ialtimora aaw Orleans }aiTaston ^. llontraal roronto •uSalo Do Do ... 84.000 909.oua 97,000 873,000 54,000 My*, buah, kuik. 465,000 »«sk. 171,000 81,000 1.000 13,000 1,000 331,000 146.000 041.000 169 010 l.iea.ooo 348.ouu 4,000 788,000 73600 365,000 3.000 "47.b«6 868,0(>6 1,000 769,000 23',00() iso'.obo 727,000 iiiiiooo 807,bui 'is.oo'o 64.000 19.006 zi.ooo 10,066 1,610.000 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 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..... KaniasCltr 638 000 Peoria Indianapolis 0.000 568.000 _„„ „„ 882,000 2 40,000 in Misaitsippl HlTar. in Lakes Total Aug. Total AOK. rotal kuak, 233,000 afloat... rolado Oaaanalandrlrer. Pow,Co. lBt58, 1932, MAS. 10 $7,000 PennsylvanlaCentral Brew.Co. l&t68l907,A&O. 70 51,892 3,060 P«ai, bulk. JBmrIt, kH$X. below: Wttk Jontlnant. Do : Oati, buih. 714 I3v!.897 • I. Phlladaiphia... 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. 289.460 77.634 459.449 94.814 101.568 86,396 28.900 £5,714 oati, kutk. 68.287,933 11,73H.»34 85,271,779 1,604.388 1.8*3,531 1908, is as 1, Sep 1 Sep 1 Sep 1 Sep 13 Aug 30 Aug 20 Sep 1 Oct 16 payable Dec. 19. —By Messrs. Adrian H. Mnller & Son toi 429 loiton Sep 20 to to 441.176 44,788 901,829 170.S02 Port Arthur Aug 31 Aug 31 to 662.236 bnih. 60.468,397 69,f8«,H73 " 4O000 week anA tine* /Ulv 1 to— to 1 Holders of reo. 16 Holders of reo. 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 to 261,977 1000. 13,768.416 758,970 448,000 MvforU for Kallroada (Steam). 1 y>Hi\, 167,595.162 amtad EinKdom Sep Oct Oct 3 1% Sep OSfH, k«(h. -r\owr.- Books Closed. (Days Inclusive.) 8 6,033.093 1901. 18,323,504 The destination 1 13,989,767 ' JalTaston..... Mobile. Jnly Baffalo & t^usquebanna, prel. (qoar.).. Canatlian Pacitic, com do do pref li07.017 8,166,028 8.688,426 1002. 11,080.641 Total waak.. 1,962.358 Samatlma'oa. .8,379,108 DIVIDENDS. When 109,604 197,171 202,966 2,016,133 , CCommcvcial itiid WiisctlhxntoxxsJ%tvos Per 31.j,986 8,SH4,(>33 " nawn'rtMawi Cent Payable 140,008 1.916.138 •' Montraal Company. 4,894.940 1903. .bblB, 12.464,777 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 Price per nhare. Jf^ame of 2,388,447 The exports from the several seaboard ports for the week •nding Aug. 8, 1908 are shown in the annexed statement: 73% 22% 22 36 60 207,917 141,029 8,999,S64 383,868 Total sraln... 2288 89 05,130 16,316,331 714 B*«H9t Of— 89 92 86% 199,564 3,484,399 4«0 .lour.. .......... t54% 77 2,916,133 2,148 Total waak....,.^ 24% 85 6,149.889 4,000 591,135 704 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: 41 127 7578 1,105,248 10936 kltkmond 2878 23Be 83% 73% 88% 22% 71% 20% 33% 57% 1,916,138 7,a9&,395 43.683 43,148 «6,80u 3.015 18,770 1,402 Baltlmora 78% 41 80 8,989,664 kbit 164,890 Pklladalpkla. 41 20Sb 18:^,000 Wiour, suKatiat— 129 3388 x89% 90% 193,000 The receipts of flour and grain at the aeaboard ports week ended Aug. 8, 1908, follow: 137 107% 125% 23% 64% 61 83 71 88 • 143% 24% 78% 28% 68% 36 61 88 85 72% Do do pref. Wabaeh .«. Do preferred Do Deb. "B" 1V888 3278 16 123% 20''e Dnlon Pacific Preferred...^ 15 3,^% 36 122 x87 1,081,200 7,800 10,800 the 84% 87% 67 391,3S2 813.497 849.091 1P03 92 88 12608 Ohio 131.990 236,100 177,800 68,779 1. no?- 6278 87X9 Preferred............. Oanadian Paolfio 128 Obeeape&ke Ohio.... SO 891.883 420 625 433.589 lios 90i3i, 0088 90l5,g 90% 97 72>* 97 7.5 3% s^a 161,210 241.O0O 9,800 Caatai Oitr- , 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 ,52,322,0 186,.")95,0 Auk 52,322,0 184,502,0 5'2,322,0 184,618,0 1 .\us 8 16,571,0 16,304,0 15,942,0 .\.U1* 86,4 180,2 23,7 502,1 751,4 268,0 1,510,7 269,4 5,574,8 750,4 837,8 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 AuR 220,9 117,7 605,6 135,3 45,6 57,1 10,3 43,6 11,4 22,9 6,571,0 602,0 6,597,0 125,820,1 114,682.3 125,212,9 209.223.0 11,292,0 205,773,0 11,312,0 203,286,0 11,300,0 125,866,6 ('>, 104,3:18.6 111,254,3 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. ; 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. TotaL Since Jan. 1901. 1902. 1903. General Merchandise 1900. $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 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 For the week Previously reiiorted.. Total 32 weeks NEW THE WEEK. Y-QRK FOR 1903. 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. v.'.'.'.'-'.'. Indies 1. Week. $2,929,115 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 $23,580 3S.749 67,420 $3,683,875 1,540,500 1,746,823 1,100 All other countries 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 Since Jan. 1. $20.2"89/J"8"i 3,<i76,5:i5 'ijiiloo'o Total 1903 Total 1902 Total 1901 Silver. Great Britain Imports. Since Jan. Great Britain France 19,947,132 30,089,752 Of the above imports for the week in 1903, iji2,025 were American gold coin and $4,241 American silver coin. Of the exports during the same time §1,100 were American gold com and % were American silver coin. Auction Sales. —See page preceding. gauliimg and Spencer "^iuixwti'Al. Trask & BANKERS, Co., W^II^liIAM & PINE STKEEXS, NE^V YORK. Transact a o-eneral banking business; act as Fiscal Accents for corporations, and nefyotiate security issues of railroads and other companies. Execute commission orders and deal in INVESTMENT SECURITIES. Members 62,2 12,7 81,7 27,3 38,4 7.280,0 206.036,0 6.91S,(i 204.801,0 6,336,0 203,657,0 51,056,0 49,488,0 49.803,0 44,764,0 186,223,0 44,764,0 1,><4,51,5,0 44,764,0 183,278,0 1 5.82,4 1,4:-! 0,5 895.208,1 4:!.908.9 1,422.327,7 )02,376,h 4;!.S19,'J 1,253.588,6 909.857,7 4:i,862,Ci 1.240.665,4 91 '2, 27 2, 43,916,9 1,249,434,2 IMiiln. J'ly25 966,0 149.6 41.2 34.4 45,0 72,7 Clearings. Intion. Hon. J'ly25 Mexico South America 39,9 143,0 86,2 27,7 126,1 79,7 19,2 30,0 145,0 14,4 409,0 30,0 52,2 24,4 Circuposits. .$ .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. 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. 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 sold between 183^ and 183^ until Wednesday, common 94l»i« ® 94»i 96>4 LO-F.... 953i9 today, after selling advanced to 223^; it when Anuterdam Banktri" 0uild»r$— 40J4* « 40>4 the preferred as it closed at 22 High... as high 223^, 39«»ie • 39i»i6^ 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 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(/. AND 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 79 Kj 85^ 85»j 38 •132 118 50% 84^ 85 4 774 79 85 4 8J3j 37 42 Hi 140 132 120 122" 20«4 til '8 'J1^8 58 14'4 •84 •72 "a •26' S>4 17 •4 14»8 74 >2 28 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 72 754 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 2334 2538 27 24»8 23 254 27 24% 4 28% 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 SO 117 180 i'Jli" 194 133 '4 13038 •Hi8 172 154>2l5G^j lyo 195 117 •105 40 132 01 170 200 140 •170 •115 'a 150 27'b 211 IBVi 5434 8434 54 *6SS! ait "a »155 IGO 28 30 60 50 '1134 a;07 67 •105 12 115 4 . •43 •78 "-J 50 80 165 lOu 41 41 784 7 *100 •42 84 170 78 •100 114 114 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 57 57 99 101 129 1301.. 75 74 108i4ll2»4 •16 20 •51 71 ' 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 42 •120 44 125 43 122 45 123 164 354 •80 117 118^4 2134 22I4 11034 1181. •1(1 22 110 62 199 •100 •58 •192 "12 19^8 69 Hj •85 •42 *8u •52 119 '4 •15 77 14 •57 •95 454 80 •05 203, 604 90 44 100 60 121 20 59 98 47 80 75 204 57't. 58>2 •9 11 35 16 644 19 4 3334 3334 20 •55 1904 6878 SO 82 1304 344 68 18 4 35 344 68 69 81 13934 814 1334 19 4 19 35 •27 67 21 40 08 194 204 36 364 69 23 37 25 55 28 •95 35 30 55 30 100 •15 •45 •31 99 34 100 *60 65 60 60 15 •26 28 100 *57 00 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 '4 190 20^6 5834 60 4 89 46 •40 •80 504 60 \jO 204 85 85 46 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 6534 •45 73 110 •10 363f 21 112 03 165 170 129 18 •45" 55 1284131 100 344 35 100 50 82 68 175 134 134 '25 64 19 •42 •78 •07 60 82 9941014 1014103 4 103341054 79 H, 1934 •32 •14 853, 17 30 171, 17 37 89 Hi 100 30 86 "4 •90 35-4 35 653, •51 115 49 16>a 6634 •25 127^4 130 7134 74 11034 135 IShi 114 •314 334 108 •115 •160 170 10 17 60 1338 78 79 80 128 4 129 984100 14 135 53 1414 •42 50 78 22% 244 6278 62 454 47 58 1217a 123 4 *85 105 •55 60 123 4124% 224 224 77 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 30 10 36 14 10 3S 11 12 38 40 13 40 15 17 1734 1734 7034 7634 58% 5838 33 Mi\y23 00 J My 10 54 Aug 1(1 385,995 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 45,038 377eAugUi Transit.. 13 4 40 IJrookiyn Uapid 300 124 Jan 8 Builalo Koch. & Pittab'B. Jan 10 14.) Do prel 1174J'iielO 83,540 125 127 / 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 19 Aug 0,230 224 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. 13 Aug 6 18.886 Western.. 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 AuglO GO 5,040 70 Ohio. St. L. 71 Cleve. Cin. »fc 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 16=8 Aug 1,500 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 1254J'lyi3 12,080 132 134 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. 08 69 pttl 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 8534 AuglO Missouri Pacific 240,140 90 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 Arbor Ann Do iirof , , 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 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 45 165 •1-2 lU 45 "UK '150 12»* 80 Sj sy Sl'^ 76 794 "boJ^ •iiK. lis •llo 112 •20 18 S24 •>2 22 •15 i5 28 ".J •33 S7>-j 01 29 »a 14 •34 "-i 15 S6>4 36 Si •221 '231 42"' 43 27 164 15 Hj 3513 lt> Si 423s 183* 19'. 19 '^14 27 13'- 13>-j ?43 •24 25»-. 41 21 16 19^4 3 IK 29 4 >•. 1334 IS 84 ' 17's 15 45>a 45 13 4 36 't "u'8^ 84 •15 J 41 32'-: 144 14 4 45 24 17 14 163« 35 39'.. 81". 39% 30 4 40'-. 31 <82'4 2S>-, 28 -84 •24 S2>4 2834 •26 •84 •iti-'t 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. '170 •5 •3% •14 35 17 •31 17 81 -2 4 24 87 \ 864 «s7% 873^ 110»8U2 116 10»38lll', lis 131 '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 80 34i« •99H2 13»8 35 '74 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 11 *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 11134 11634 11634 18 82 4 64 424 *40 13 '4 •40 43 1334 974100 24 64 64 42 43 100 I6534 169 90 118 121 10 90 1334 1334 100 100% 25 4 26V 79 S73 21 21 156 158 •104 11 25 77'4 20 152 204 154 104 IIV 63% 63% 6534 •35 40 •35 37 •74 80 •8 12 34 35 •991410114 •35 6534 3 •74 •8 *6S 73 195 '64 14 175 101 27% 80 114 •65 40 79 12 354 3534 7134 2034 •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 69 68 22 Hj 24 7434 77 7 42 8 41 67 }90Hj 90^4 22^1 22^ 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 70 31 32 4 35 1034 61 13 212 23 24 774 83 31 •24 344 36 •23 2% 30 30'4 2% 38% 27 27 6834 7 714 714 74 7534 75% 7% 8I4 14 4434 10 43 •9 8 45 944 95% 39 81 211 24 •79 12 66 1434 7934 131 132 10 26,43.^> .".. 3,S55 1,500 20 51,040 Reflniuf! 39 23 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 12 225 167 8% 48 2334 224 25 2134 6HI4 69 4 35 195 195 65 82 165 170 175 11% li"-. 37 14 23 4 23% 2334 90 90 23 4 234 7%- 7V 46 -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 36%.laii AiiglO 39 80 80%J'ly 56 28 ! 96 Fob 96 4 51 ar 43% Febl( 8934 i Aug Sep Sep Dec 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 68 90 72 Jan 17i4Feb 63 J'ly 29 4 Jan Feb2."i 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 7 53 Sep 1104 Apr 5140 Mai 24% Oct 8UI4 7 Jan 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 J'ly 30 224 4Mftj 49% Mai 1094 Sep634 Oct 964 Oct 250 Apr 38 4 Sep Apr 90% Oct 15% Jan 74 400 165 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 6814 5 244 Dec 55 14 Mai Marl ( 85 4 J'ly 90 J'ly 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 70 37 23 71 2% 2% <fe Rubber Goods Mfg 15 14 15 71% 73 35% 36 40 28 Aug 17 V Aug 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 (' 39 V 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 95 23 21 85 23 «100 37 2134 23 69 "4 70% 23 14 2334 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 3 104 12 32% 32% 224 90 984100 100 §100 90 165 175 118 *84 J704 704 68 40 40 79 2II4 78 »16U 118 162 Lowest 56 68 24 pref 117% American Sugar Do pret 115 1134 7334 209 14 20934 22 22 •75 774 22% 24 195 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 7% 95 7 42 46 11,582 32,400 5,1U0 1,865 "sbTi American Snuff 91 Do •84 104 364 374 70 95 76 195 700 1,00( American Malting 5 91 10 70 224 224 159 •35 •74 •8 •3 5 90 90 90 «90 114 116 117 4117 4 40 •34% 37 19 844 17 15% 15V •14 Do pref 4434 444 46 Amer. Smelt'g<fc 91% 89% 904 Do pref •40 45 50 6% 33 19 tor 01 lUU-share lots luiliiNti-ial iV: iliisccll 44 90 64 42 V I6914 17134 i^l\^ 18 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 •10 •33 123^ 82% 85 5 11134 114 ni8 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 61 109% \Vab.ish '- 15 18 Hj 91 >2 3779 38 80 580 211 211 78 90 8 168 4 >4 96 4 224 24 75 75 V 20 20 4 148 '4 151 '4 I0I4 6418 10 33 130 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 6% 24% 9 •15 17 42 444 89 4 90 91 88 19 39 5,3'.: 365,595 SIV 36% '' Do pref 174 IS"-. WUeeiinsA Lake 51 60 Do Istpref 29 29 4 Do 2d pref 38 V 39 63^, 4 Umon Pacilio 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 24 '24 5 V 86% 76*4 221 17 62 17 H.S 1934 '304 35 4 814 87 90 * I8I4 6 17 42 88 22 29 *3% 10 36 *14 42 •82 2134 27 23 «9 5 17 y9»8 42^4 90 Do pref 16% U nit Rys Inv't of San Kran 433< Do pref 15 •16 6 15 8714 16 43 2634 18', 28% 'INvm City Rapid Trausit. Do pref 85 "4 17 "43" 43 2634 40% 314 b\ 94% 95 "74 484 50 •81 44 94I4 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 34 '4 Do Do 69 52 Shares S Fr.JPM&Coctt.s & 20% 22 V, 33% 35 V 15% 17 51 52% 84 •24 171 •5 41>-j 9i< 94 36% 38 224 23 •834 •15 EXCHANGE & 85 15 17 90 oO 1S2 8 15 1-. 72 V 31 40>4 • 2Hj '7034 32 15 15 5% 9 80 4 804 81 Hi 82 924 26 92 4 221 814 •84 •25 176 •5 1934 363i, 30 }26^i ISI4 19% "26% 220 37af, 81»^ "24% 115 22 21 28 14 3088 •40 24 "24% 84% 86 19 4 20 4 82 114 22 17 41 37% 3D 30 V 2034 <>5 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% 26 IS 29 91 68 48 42 4 112 "21 70 4 68 4S 160 15 29 ""J"-) 21 Wa j220 . fYiday Aug. 14 Aug. 13 14 V 28 4 79 i'O "a "40"" 18v SU. 1511 '4 134 25 4 24 "to" 80 46 154^ 154 22 88^4 84 Hi 85 •15 17 40 40 '...*•• 11141U'-J "70" IS** 46 13S, li»S. 70 46 • 44 4 165 25 4 09^, 41», 17«a 18^4 Thursday ••STOCKS NEW YORK St. Life 24 Sd>9 40 »^ iVtdnesday Aug. 12 Aug. li 70 ' 25^ 25 19 1 . 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 J 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 oi are pr /our markx US Apr'03 n the U ices 10438 Sep '02 102^> Jlar"02 KeKistereil Bsuelerrcil IJrowu liros 109'.i(Jct in to asis do ilar. 96 >a DS^B lie 0/ $6 to a. '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 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 Hi •io 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 . lox 1934 A-O 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 -2d OS Registered Jan '03 115 I2414I28 125 12538 J'ne'02 102 121 J'ly'Oc 10084 105 Apr'03 120 122 I2OH2I20I2 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 JJiyl^ 1 103 112 126 126 10834 J'ly '03 109 80 397( 27 1021a Mav'03 112 livS 98 104 98 9,s 97HjJ'ne'03 106 'i Oct '02 81 Salt 81 81 73'''8 Salt 71 73-V 108 90'-2 90 101 102 Hj ... 101 103 ig 1133.J 105 Ha 113*4 114 H; li<i".'.'J. 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'. 107--8 108 ,107 MoRiv Div 53. ..1920 1910 Chiccfc Pac Div 6s 1921 Chic* P WlstgSs '-i 109 , 107 Hi 124 116Hj 103 , , IIOH2 105 1 10 H2 Sale 109% 110^4 M 101 J'ne'O, IUI4 115=8 129 10418 102Hsl08'4 105 114 105 J'ly '03 J'ly '03 1043gl08 113 117^9 J'ly'Oo J'ly'03 114H. 105 128 11334 120 Dec '02 100 113 lOOHi 1103^ 136Hj 121=8 120=8 Feb'Oo 126" 120=8 124 4 J'ly '03 HtS J'ly'03 124 Hi 13034 108 113 '« 107=6Ang'03 107=8 111-'^ 170 J'ly'03 111 M:iy'03 106 H; J'ly '03 111 Dec '02 170 Jan 111 '02 ueHziieHe 11334 11808 111 113341 112 109 112 109 178 111 106HjH2 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 3p "-i 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 5s 'a 102 Hj I09H2Aug'01 100 J'ly '03 10434 IIOI4 IIIH. Cliic<fc 83 H» 100 101 891a 97 90.'i 12>^ 1st 53.1931; 80 '^ 114:>H AiiK'02 ... lOf^... 102 93 8334 Apr'02 10434 .\pr'(Hi 101 J'ly '03 98 Hj. S9 '-J I ..Vpr'Ol 98 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 H4s N43 P4s 100 1-2 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 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 IOOI2I04 10l\ 76 91 89 91 102 Sale 128 132 123" '.'.'.'.'. 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 Dec '97 99 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 >•> Ao Low <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 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 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> 103 I2OI2 Mar'03 CRiFcfcNWl8tgu58.1921 A-O M& StLlstgugTs 1927 J-D Ciauada South 1st 5s 115 118^. & Registered Asli Loiv ioi's laYi" 100 ' 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 Creek & S See Mich Cent Bat alt ai Ohio prior lg3H»s.l925 J-J 92 Sale /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 January I 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 Since Last Sale Illinois 121 Mar'03 106 Apr'03 109 "-J Feb '99 120 J-J J-J J-J J-J J-J J-J l\a)iye or 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 Kanqe Week's J^rice I'^'iday 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 Is '40 Istgug Ry 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 ?i. ifc Bos Am Dockifc 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 Sliito Securities Alabama class 4 to ii Alabama 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 Class Clas3 -3^ Week's Kanf/e or Last Sale i'rice f'riilau stock excha.vgk Week Enddjo alqcst 14 n. y. Ki- 1 IO9I4II3 78 W 75 801*: 84 8578 FA , 4 II214II7 sOption sale 41 338 Bond Record— Continued— Page HOM)> Hange JYiee STOCK EXCHANGE Week ENnixo acgcst 14 N. T. 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 FYidait Kange or August 14 Last Sale Ask Bid (_; t * St Louis Oeu^ral i; 4s lit'i;-! J-D inv Cairo 1st colit 4s 193i> J-J Cin & M Liv Isl C4S.1WU J-J 104 113 Oct '00 nil* J'ue'03 Ill's 1163s iofiosj" iiiKiiie 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 WWSt L CI C cousol <fc lis.. 1 IStiroKWs '.••JO A.-1930 M-N 9G 10 IH.. Oct '02 95 100 J'ly'03 J'ly'03 >8 101 103 102 Too" 103 98 100 loo's 103 i-j Oct "OJ l)oc'02 95 95 104 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 IOOI4 104 J'ne'03 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 <fc 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 '98 108>2. iosia! iVoi^I 98 MS A-O J-D MS MS J-J J-J J-J 1131a 112 FA Temilnarist gold 5s. ..1943 M-N Regis 35.000 each... 1943 M-N WUkife Ea l8tpug58.1942 J-D <ft &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 Dec '02 lOl'slOl'^e 130 Aug'03 i>*i\ 80 96 "a 97 May'03 7913 82 i49 Sale W Evans 114 114 II314II314 112 112 132 la 139 130 135 9534 9934 97 98 791a 88 J-J K Erie 112iall5 1017f,J'ne'03 134 J'ly'03 961a Sale . See 114 117 135 W Pitts 1113ell5 J'ue'03 114 Mav'03 1 13 14 May'03 112 May'03 'II212 82 931410012 91 93 la 85 84 92 89 1081^114 109 .1143. 114 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 A-O 75 74 74 J'ne'03 79 7j Xor— C B A y coll tr Registered. /1 4s 192 J-J 1921 Q-J 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 104»4 96 96 105 T'ne'03 117 Dec'02 2 934 99 105 . Han 81 Apr'03 10934 May'03 107 85 1004105 109 107 J'ly'03 10934 1104 S7ia 90 481 874 95 89 944 91 J'ly 'OS 103 103 103 1061* 104 105 27 104 1094 100 J'ne'03 100 10534 H 105 Sale Iit9',> J-J Registered Col A H V Ist ext g 4s. .1948 .\-o 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 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 J'ne'03 Oct '99 Nov'OO 10738 May'03 101 8534 85»4 97 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 115 110 Sale A-O 1154 1154 1154120 109 111 110 109 ill J'ne'03 M-N 103 "a. M-N 1104Feb'02 J-J J-J 1064 Aug'03 .107 J-J J-J ioi' M-S 'bo' 11339 1144 10641084 4114" 1094J'ue'O2 A-O 114 A-O 11359 J'ne'03 113 109 4 Oct '99 108 4 Sep '02 Registered 194.0 M-S El C A X Ist g 1st pf 6s. 191 A-0 Gold guar 5s 1914 A-O A Hud R See Cent of X J A WUkesb 6'ee Cent of N J Leroy A Caney Val See Mo P 934 97 95 J'ne'03 100 Mar'03 100 100 118 Leh Leh Long Dock See Erie Long Island Ist con g5s./i.l931 Q-J Ist cousol gold 48 114 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 14 105 14 Mar'03 112 Mar'()2 1051410514 J-J J-J Coll trust gold OS 1931 M-N 1907 M-S 1004102 9778 1124 Jan '02 112 4 Apr '02 1154 J'ly'03 116 M-N CeclUau Branch 7s 111 '98^8 Sale" 984 100 Jan 106 , U2I4 1004 1144118 111 98'8 HI 112 110 1134 9741014 '02 II2I4 J'ly'03 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 /tl931 Q-J General gold 48 Ferry gold4ias Gold 48 Dec '00 112-4 11141144 IO8I4 Jan'03 10814 IO8I4 126 May'03 124«8Apr'02 125 129 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 1937 ChG-l-ACkelstgug5s 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 Lighting Ist gos.'ol Syracuse 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 103411234 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 Ry 08.. .1948 XYGELHAPg Purchase money 48. ..1949 P G A C Co Int g 08. .1949 J-J Grand Rap A I ml See Penn KU Gray's Pt Term See St L S W BONUS—Continued 1932 J-J 1923 J-J Detroit City Gas g 68 Det Ga« Co con Ist g 58. ..1918 F-A 104 101 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 NOAM XOAM I^iplit UhGLACCo ieePGACCo J-D LCin A Lex May'02 nilSCELUL-NEOUS Buffalo Gas Ist 1061a Feb '02 105 ar'98 103 >-2 1031-2 81 "aJ 'ue'03 M J-J J-D EH A Xa8hl3tg68....1919 gold 4ias... 1931 .M-N X and Electric High Ao Loto JUy/i Sep '00 M Jan '03 8934 May'03 109 113 100 132 130 106 "a 84 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& ASA W Feb'Ol lUHz 115 M-N M-N .MS W W 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 108 105 Ist gold 68.. 1938 Refunding g48 1951 JeHerson RR See Erie 80 60 A A G R -See L S A S Kal an A Mich iSee Tol A O C K C Ft S A M See St L A S F 102 lOOia J'ly'03 91 J'ly'03 95 78 85 115 103 1093, 1133g 61 61 111 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 6th ext 48 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 60 M-N 1937 A-O 1916 J-J g 58. .1937 J-J 2d 68 106 "a ,107 109 Ist 58. .1937 115 23 102 97^, 9RV 106=8 May'03 99 , 127«8 1311a 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. A-O Range 129>4 1331a 1301a 1341a Feb'03 102 117 113 IO2I3 1021a 10934 J'ne'03 102'*... 11018... 100 Begistered . 140 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 , 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 J-J J-J FA l^akitGtSo *cfC^[&StP J -'alias & Waco Hfe M K & T Ask Low Hange Since 5 o Januarii 1 s... Last Sale 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 Houst 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 it .Uonst 93 55 110 Week's Range or August 14 liiiul Greenbrier QF Price J'i-iriaii 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 Gt May'03 95 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 <ft 95 ioo" Ctn S Wh 43 95 Sale Cen 1st Clereiau.l Oui Chic 96 BON D.x STOCK EXCHANGE Week entjinq acgdst 14 X. T. Fla 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'-. ll'Sti M-S 2(1 sold 3s Hemler Bdselstsf gtis.liK-il M-S 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 CU SeeC l& <fe I. "si" Sale Sale M S Coal S?« L S <S> Mahon anhattan Ryoon3ol43.199(i 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 w 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 N. Y. Since Aug'02 Registered N Y<t 75 J'nc'02 113 Nov'99 97 »o J'ne'03 974100 107^. J'ne"03 107'2 1071-j 84 84 lOSH: 110 Kange Range or H 113 110 115 J'ly '03 110 100 Mav'03 Mar'Ol no Dec '01 * M W 100 10114 Sale J-J i08»3ib9" 108 101 >. 1037a Dec'02 1081* 92 113 110 1143, 111 100 104 lOS lllHi i-j J-J J'ly J'ly 72 71 14 72ht 17S8Sale 10 Sale 171-.: 8^ 10 17 718 196 80 65 8 FA 92 9234 90»8J'ly'0] 923* Sale MS MS J-D 106 92 J-D J-D A-0 J-D M-N M-S 144i2Apr'03 llOia 116Hj 1131a 11634 Feb '03 ] ' 09 112 973* 103 98 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 97 Sale 77 78 100 95I2 75 14 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 * 100 May'Ol J-J 96 ' lOlSj lOlSg lOlSg 6 10138 IO514 J-J *110J4 112 Apr'03 112 113 "69 A-O 1103* Sale 110 111 110 115 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 l01iaJ'ne'02 Mar'03 Feb '03 122 I2712 124^8 I25I2 9134 9712 114 II512 93 93 116 111 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 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 109 12 Sep '97 1997 J-J of.. .1884-1904 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 *108 104 105 14 95 100 101 100 10378 lOl's gug 43. .1991 M-S Norf 9934 100!% J'ly '03 124 139 Jan '03 Jan '03 98 105 Jaii'O: 1023* 105 In 105 Feb'O'J 124 139 124 139 112 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 FA Q-F F-A 10934 A-O 107 J-D Q-M 94 111 Rome 2d7s 3d 78 Apr '02 E See 1321* 10178 96 128 871a 94 97"ibl" 9912IO4 9978 103"% 7018 7379 7014 721* 101 101 125 127 Oct il2i4ii2^4i la '02 ^.i 961a 98 Feb '02 Aug'03 W J-D 102 IOII2 A-O M-N 102 102 106 J-J J-J 109 114 lUia * 91 . •f .... 111 102 102 Apr'03 Apr '02 10734 J'ly '03 J-J '*iio'i; 121 Oct '00 102 Nov'OO 10734 110 106 1091a 97 95 951a I2214I23 96 A-O M-N P-A J-J IIOI4 J'ne'03 11038 J'n6'03 FA 312 guar g 1949 C 1st 7s.. .1912 J.J 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 15 101 106 Mar'03 102 Nov'98 96 Mar'03 95 J'ly '03 122i4Feb'03 M-S M-N A-O A-O 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 104 105 961a 961a lOOHaOct '00 109 Oct '99 114 Nov'02 10514 J'iy'03 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' NY W& BON D!>>—Continued 132 J'ly '99 1141a May'OS 108iaJ'ly'02 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 Apr'03 9612 Mar'03 Pitts gug3i2S B.1940 J-J Series C 1940 J-J 92^8 86 91 91 IO7I4IO8 125 132 110 . Erie& 91 J'ne'03 112 14 J'ly '03 . Ill J-J 101 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 g 5s. ...1946 Pao ac of Missouri 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; 98 105 114 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. llli-j 100S4lO3'>8 101 <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 106 Si cfe Gouv<feOswelstgug53 1942 J-D Income 53 12 10634 1113.t U, <fc 100 A-O J-D 95 101 101 112 May'()3 1 23 12 Mar'03 127 J'no'02 110 Dec'Ol 20 "8. '101 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 . 11218. See N Y Cent W G C C St L OInd hio River RR 1st 5s.l936 <fe Registered . g 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 1071.1 loua, 1-3 <fc <fe & Esses See Del L W Chat & St L, Ist 7s.l913 Nash consol gold Debenture 5s . *117 1 '4 10(13.1 101 101 . . Blk Riv gug4s. 1922 Nor & Mont <fe Morris tligh. '02 <fc ATig'03 107 S, IO4I4 10434 Sale 100i« 85 10412 95 75 100 . 123 * <fe 97 77 100 Oct '02 Mai SeeHYC&H Monongahela Riv See B & O Mont Cent -See St P M & M Morgan's La & T See S P Co Mohawk "UHi *116 *115 •128 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 & 1231212312 J-J <fc Tebu 1441-^14538 11634 1163, 123>aApr'03 121 Jau't 109 109 9734 Aug'03 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 07 \ KW&OTR Ist gug 58.1918 May'OO 136 107 lOl's. IOI'b. 7s. R W<fe Ocon I8text58./il922 Oswe& R2dgug58...el915 Utlcacfc MSlP<fcSSMcong4iutgu'38 J-J Minn Uu 6ee St P M &M Mo Kan Tex l8t g 48.. .1990 J-D Dal 107 >2 N 97 Hiqh Ao Low Oct lOoiaNov'Ol 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 N M l8tcongiig4s 1993 L& 121a 2814 Janv ary t 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 S. Unce Last Sale Ask Low Regist ored J -I) W M N Bid . A-0 A-0 August 14 Range or lOHti Lake Shore consol 2d 84 110 I'll fViilav Ra nge Week's I'Tice 2.« Nor & Mont 1st gug 5s. 1916 West Shore 1st 48 gu... 2361 Micli Cent MU MU 3S9 3 BON D.S EXCHANGE STOCK 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' s t>s.li>20 l24»oApr'03 95 J'ne'03 il6''-L 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 .-•7 91 >2 '15 9812 96 1* 96 J'ly'O.S Jan '02 88 Sabine Div 1st g 63 99 92 Cas Tus & Con 1st gold 5s E Ten reor lien g 5s Ga Pac Ry Ist g 63 "SS'May'Oa M 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 , 91 1^ 6834 60 93 10 70=8 130 69 Si 20 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 Mont . IIC^ IIOI4 J'ly'03 lOOV, looa.) BTTins W A; Ist Sil Sl> Ocaifc li 105 89 gug 4s.. 1938 gu g 4s. .1918 106 103 Mav'Ol 103 128 134 115 115 Apr '02 125^2 Feb '02 111 Aug'Ol 11334 Dec '01 I34I4 134 iis" ir8i2 Aug'li3 11234 ill Aug'Ol 95i4May'03 1 1 89 Hi J 95 '95"'96'C 75 81 10034 I4 May'03 Hi Feb '03 84 3^ 100l4l03>-2 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 Feb "96 14 103 !•: '03 94 05 11934 110 IO6I2 110 10834 112 101 65 105 111%118% IIII4II7 89 97% 112% 113% 94 Mar'Ol 120 95 109 119 110 May'02 108 llli2 0et '0' 10412 105 Apr "03 Sale Ill's 113 llli4Aug'0:"9"ii-j 90^8 Aug'03 112i2Ai)f'03 109 10534 IO4I4 IO4I4 10534 106% II9I2 11934 119 Mar'03 110 M.'»v'03 IO6I2 107 10834 J'ne'03 94 98 % 115 114 116% 119% 114 122 123 114 11534 109 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 102 113 81 111 1071411234 112% 118 115 Mav'03 102 11434 J'ne'03 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 90 12 J'ly'03 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 Nov'()2 J.J 100 M-X 11414 Sale 101 101 114^8 114 103 12 Aug'03 FA 5 120 127% 3 109 114 255 S734 98% ll4i2Apr'02 104 MS 61 Cent & 61 "2 1150 J'ly'03 May'02 97 84 98 100 52 101^8 8434 107 109^8 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 95 103 " 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 12 87 W FA Registered 105 103 Ul 111% J'ly'03 10414 Miiv'i 106>2 ."\Iav'03 ll\y->4 8612 74 IIOI4 11014 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 '97 79 Sale 75 lOO'alOl'tz 10034 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 19 75 102 Penn .See IM Tex & Pac E Div 1st g6s ..1 905 2000 1st gold 5s 97 920OO 2dgoldiuo5s Hz 12 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 11014114 100 104 Mar'03 111 W &N E .S'ce XY SO 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 Registered 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 Kegistereil 103 12 106 120 129 lOSi-jllo 9512 95 12 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 & Dili .See ^."or Paciiic M Man 2d 6s. ..1909 Dakota est gold 6s 10434 100 y5H;Jau'03 W 1st 1043 J'ly'03 124>-;J'lv'03 10914 1091. 109 Hj K K Gray'sPtTer 10434 104:<4 , ISuig 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 102 1031.1 '94" JI-S 1921 192G M-S 111 112 90 12 94 "8 UOI4 Apr '03 IIII2 Apr'O i'l-i's J-J J-J J-J West N C <fc Bt Paul Bt Paul D 4-5s K 5s Scries Series 2 108^4 112 J'ly'03 113 Jan '01 105I2 Nov'Ol 1938 M-S MS General 5s 193t; MX 1936 MX W OGuarW stamped 1st cv gu 4s. .1924 FA 94 87 111 102 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 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 195(1 .M-N .1922 Knox & Ohio Ist g 6s. .1925 Rich <& Dan con g 6s.. .1915 Efiuip sink fund g 5s .1909 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 M-S ETVa&Ga >.' Butlauil 1st cou g 4'i2S....iy41 Rut-Cauail 1st gu g 4 '-2S.li)4i' 191 '2 January 1 irar'03 74 J:ange Since High ^o Low High, Mav'03 12712 Feb '0; 130 Nov'02 122 Seu'02 , 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 IIOI2II212 75 75 92 92 Hee FA 2-e 92 NI-X 190,- Lo2v 111 111 1st 7s. 1918 Cou gold 5s IOOI4 Southern— l8t cou g 5s 96 90 94 Aug'03 Mar'03 75 92 it NO 1st 7s Texife 00 1-2 i 9334 94'-. 110»..2Feb'03 75 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 103 1 6s .series C it D...iy06 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 P 1st g 6s.. 1911 J-J W VaCentifc LE 1st 5s. ..1926 A-O 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 93 95 F .... .105 A k* V Jan 63 69 5134 6734 60% 191 59 77 100 Mar'03 99 Jan '99 100 Mav'02 li)8%Ang'0:; 93 Feb '03 48 70 46 M .... 5s. '22 3" N A J J ":::::::::i 25'»J']y'03 * A V.y.'.'. latest bid . 4 HX 4 no 91 so Sale 1 76 '4 arii^ked. a Due Jan 96 Mar'03 70 9834 100 10534110 93 93 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 1566 J J MX 78 57 95 o,oltr2d5«.'r6:. :.iy, 105 '00 95% 1946 fdebg6s..l913 Anige Sale Sole A •0 5.S - C7 CO J'ne'03 92 ; ill •TSoi- A A 78 90 70 . t 78 951 .iSale . ntai; . ...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 104 103 106 73 76 10034 J'no'02 . . li'kl'u FerryColsKJOnsg.':")S'48 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 D S Bonds State <tc Bonds Bonds $1,348,500 $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 4,5;t0.292| BONDS aoveriimeut bouds State bouds BK. autl mis. bouda Total bond.s. $13,000 3.000 16,805.800 $16,881,800 Januari, 1 to $13,000 August 14 9.815 17,080 11.747 16,S12 22,732 31.216 .%540 11.400 5,S31 10,502 12,13) 22,065 107,432 67,473 Saturday Monday Tuesday Wednesday . Thursday Friday Total VnListed shares $11,101,500 $433,244,650 $574,977,300 72 Consol Tobacco 100 Continental Tobac deb 7s 107 Cramps' sii^tKii lUdglOO 20 liCnicibU' steel llPrelerred 97 HDiamond Match Co. U'O i'o'.i" 8 50 .100 Electric Boat i 100 110 137 ^j 731.J 12 54 90 94 OO"-. 21, 90 98 1 95 35 104 145 112 75 47 115 l,3S0.4i)0 85 82 InO 100 40 106 li;5 20 85 53 122 90 LisUd Bond shares stiares sales of 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 50 100 1 00 Electro.Pnoum'iu Trail 10 Empire Steel 100 Preferred lOO Fuel Oil Power loo $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 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 100 205 210 811-2 S3 4128 J-J 1952 188 5 181 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 Exch Stk list 213 215 4s 1934 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 U nited Ry.veeStkl Exch list Bnjrer pays accrued interest. 7 9 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 RT 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 Title Ins. 130 Lawyers' ..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 20 134 lia 61-2 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 t 9 170 331a 36" t 2',. 2i>8 4 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 lys 100 Preferred Bank 50 Note Co. 60 54 IfAmer t 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 100 Shipbtulding. Co Amer 35 39 100 NEW YORK Preferred 90 Deb s t Os '24 op '05. .J-J 75 98 100 330 Cent Union Gas Ist 5s.. U03 107 Singer Mfg Co 100 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 St k Exc 1st 5s 1944 Preferred 90 95 Swift & Co See Boston 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 160 Gu BronxT&M & 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 Outside Market will be found on a preceding page. KaiUvays sstrcct II4 Preferred lilectric Vehicle Pri> ferred t Outside Securities Weekly Seview 13 40 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 N Unlisted 3218 16 17 5 lOo 100 ) A 132 Hackon.sack .Meadows 100 5 77 28 711.2 llGoiieral 40 102»i « 10 Oij 1 A tie 275 100 20 Electric Leail Reduc'n.50 91 87 t Preferred 65 t 4 Hid 225 Dominion Securities. loi' list ' J'MladelpMa .'K6,000 00 "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 $576, St/0 573,020,100 sales 1 Am Do For't Wirelessl 00 EXCHANGES Listed share' 111 . Exch IndiiHtrinl iinti niisrel 70 Telciir iV Telei>ii«iie 11.09L000 Bond Gas. Ask (jilggeiiheiiii Kxiuorati'ii 1902 $9,174,250 301.600 423,708.800 Boston - 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 DAILY TKANSACTIONS AT THE BOSTON AND PHILADELPHIA Weekendinn August 14 iyo3 Wab V 1 St ()S'25. J i;o&IndCNat.fc 2,824,401 $10,500 .oiiit 58 1948 See Stock 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 51 !?13,000 1903 1902 1903 Exchange 60 1) I 2.0it,^.5l)0 Week ending August 14 Sales at Hew York Stock Lafav'eGaslst 6s'24.M-N N ewark Consol 2,588,><00 7oS,270! Sid .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 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 168 226 198 70 32 74 32 ' 72 31 31 •15 20 78 -95" 100 •16 78 •95 100 66«4 70 •8438 •170 88 110 167 la 167 2134 88 110 iVo'i-i 117 11-^ .117'9 69 •210 212 • •28 •2 95 69 •28" 9 ' 103 25 29 ' 9 6 210 210 102 103 25 29 3 -2 3 96 95 95 ' 28 ao^B 21^ 68 68 '. ••80 •12>a 13 82 82 5^2 5 11 ST"^ 39 •8 •16 9 17 •17 •80 1171-2 9 '.J •6 2384 1564 158 314 33 25 123 25 123 210 . 210 9 ' 102 t 103 25 •28' 29 •2 3 103 . 45'-2 96 44 28 27 83 5U 514 •4^4 3734 1 39 's •8 •16 •134 ••25 8I4 8>2 430 -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 7 35 >4 •3 •75 •87 la •11 5 •28 •2 9712 50 18 •i'l •90 2134 22 68 "a 68 "( 69^6 •80 •70 •121a 13 801a 80 13 •IHi •1 •HI4 1 1 •8 •16 9 17 •80 78 4^8 141a 8 l"aa •i'-i 425 lia 391a 4034 a:38 38 8212 84 110 2^4 110 234 S-a 6^4 6^4 63 la 63 "a 1^1 854 "8*94 * 110 894 100 8934 111 J'ly'03 J'ly'03 J'ue'03 15 74 74 75 •4I4 5^4 5 17 19 •17 19 114 117 116 118 116 118 131 1174 1184 I3OI4 13134 •8 4 6'J _ 69 -0 235 238" 1333. 834 1014 I63I4 3378 •6 236 16158 236 163 4 34 23 13 82 1 ••874 '•J 1 •61a 35 '4 4 ••02 "a 1 r 35>4 425 23*8 71 14 7114 4 •87 "a 50 50 2 1 9'-2 85 SO 434 1738 10 24% 4^8 6^4 63 II4 Aug'03 Aug'03 "2338 714 14 S3 5 Lowest Jiighest Kailrondii Top & 8auta FelOO 7,50S 54I4 AuglO 100 99 85 AuglO prel Boston & Albany 100 80 244 j'nel9 100 30 Boston Elevatetl 134 Aug 5 100 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 Jan 10 10314 Jan 10 821, 54 54 6 538 4434 2 2 •50 84 Aug'03 Aug'03 '4 44'^ 9 We2 ••50 94 23 94 23 Last Sale 50 Last Sale 4 425 Amer Agiicui Cliem.lOO Do pref 100 Amer Pneii Serv 50 Do pref 50 150 13 370 72 100 4 3734 96 4 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 534 Colum Calumet <fe (Ltd) Hecla 25 605 •50 6 •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 6 5 "64 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 28 102 108 110 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 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 5 4 Apr 23 3 Jan 12 174 Feb 6 Mayl4 AuglO 9 Feb 6 18 24Jau23 58 J'nelO <) J'ly 27 43 4 J'ly 24 IG J'ly 24 Marl7 Feb 9 5 14 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 84 Mar 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 J'ly 20 8 990 650 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 Feb 10 172 Feb IS 33 Jan 7 92 May 11 91 85 71 25 334 J'ly 17 3 14 Jan 3 6 4976 7433 Jan 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 Aug US Highest 2--' J'ly 27 J'ne2D 00 15 Jan -J AuglU 108^8 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 J'ly 10 N E Cotton Yarn pref 100 271 1-23 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 91 Auglo 3,090 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 Lowest 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 itiininji; ••25 22=8 72 J'ly'03 15 14 82 Last Sale 75 18 90 J'ly '03 Last Sale 80 74 54 14 •34. 18 •334 61a II4 3 63* 5 '4 49'-j 2313 63 84 22 14 -65 334 11^4 334 934 8I4 •1 1138 1 97 lor Previout Year (lyO'J) 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 4 1094 109 111 100 "3" 1103 109 -2 "a -234 2 4 J an 5 3 3 165 '258 Elm River 12 3 6 '4 17 3534 23 13 81 14 84 1 614 •434 434 3534 9 2214 425 •25 Last Sale 85 Last Sale 83 14 •55 •24 1 79 46 28 14 Last Sale Last Sale 174 eia 514 112 1 96 46 28 •1 •8 •31a 1 •9 •78 96 46 28 •54 •6 -II3 124 25 42«^ "1 *8l4 ••1 123 54 5I4 8 4 6>4 25 4 124 4238 •313 90 4 7414 •170 89 41 4 8I4 X 4 •95 Last Sale 8 Last Sale 784 Last Sale liSia 2 •50 -50 425 425 15 95 4-B 7234 85 J'ly'03 Feb'Oi 100 7434 76 85 4 85 4 170 170 100 ••08 •10 ••08 -10 •lO 1514 16 I514 151a 14'a 8I2 .713 a 84 84 17 16^8 17 '4 9'8 10 23^1 24 '4 '1»8 420 •08 491a 78 •95 91 46 28 70I4 •SO 164 2 11 1'-^ 334 •Jo 98 54 5I4 60 1 11 10 85 35 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 82 1-, •513 6 5 6 3938 40=8 9 12 50 >-^ 18 2 31 •l'/3 45 •274 28 2II4 •70 25 95 44 44 28 1 17 •61a 3434 35 35>4 •Sia 4 ••62 la •75 •75 1'4 73 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 68 4 235 209 67*3 68 'a ••70 -80 12 la 12 "a 1'8 ••08 73 33 4 7234 •44 19 •84 •6 25 123 20^ 21 '50 •420 Aug'03 7-234 15 111-8 113 117 117 4 12834 130 '8 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 J'ne'03 200 74 •85 5»2 *4»4 197 Last dale 7&4 15 15 •724 74 •4 4 235 9 •28 29 81 168 Last Sale 26-34 Last Hale 384 Last Sale loO 69 "9" .127 4512 ' 11634 1273a 1-29 9 -81-i •Jo •102 89 110 2 3 '4 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 -Ha 125 89 235 I49»al50i8 1523^ 155 168 •25 125 .... 74 116 117'-2 9 6 iso's 153 30^2 31 76»8 76-'4 •160 170 434 41a Is 18 109-8 1113. 69'-: * 236 78 J 'ly '03 804 Last Salt 15 Last Salt SO .... 941a 944 70^8 7218 8412 844 •3»2 •6 * •72 17 17 *3'-j 191 Aug'03 A«g'03 134 Mar'O Last 6 ale 230 73 36 ' 131a 15 15 74 10S7gllO'-2 116'all7-', 127 129^6 Sia 8'4 129*4 130'. 8=8 .^'^ 69 Sj 69"* 78 •414.... IS 112 172 Ranye 1903 i>lisceilaneoU!4 •14 74 •4'4 ".J •15 '•i 15 74 >o 16 72 73 •31 •15 >-> .... 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* 84 'a 8412 833^ 84 170 173 •170 "89 88 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, 4 Feb 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 boston stock exch'ge Week ending August 14 "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 Denver Exten 4s Nebraska Exten 4s Chic Jo Ry <ft 104 111 . 83 A-O 102 99 .A.-0 '.19 M-N 10534 19'2'2 F-.\ "99'"IIII 1927 M-N M-S 99>a J-J 90 V bale W -M-S -M-S I'rices Mondaii August 10 Saturday August S New "99" 1024 Sale 88 12 Sale EngTelepli 6s "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 interest in addition to the purchase price for all Boston Bonds. —Not I'er Tuesday August 11 * No price ACTIVE STOCKS Thursday August 13 *65 *65 100 i/ bs" Ct'or tVidaij J-D 110 M-N M-S Spl Sale 115 95 108" J-J J-J '.'.'.'.'. 101 Bonds and 70 130 lot) J'no03 130 100 110 115 lit) ntt 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.. 94 102 107 J-J 93 18 Sale 101 1« 118 78»i 26 10 10 75 97 102 Aug'03 Mar'03 75 103 102 1.2 102 '•.1021a U)6i» loo's 103 106 102 10334 J'ly '03 J'ly '03 May'Ol Oct '02 Oct 119 119 J'ly '03 't)2 J'ue'02 Mar'02 1.2 941.2 991.2 99V 93 961a 102 1.2 106 107 107 99 101 14 92»8 106 101 111 Aug'03 Feb'03 931$ 101 100 101 100 14 Sale J-J J-J J-J ; lis 70 15 J'ly '03 Feb '02 ifi 104 123 '4 I23I4 102 102 1.2 !« IOII2 Sep '0 Oct '02 105i.2J'no'03 10234 Apr '03 102 J'ly '03 F-A Friday 1. 101 941a J'ly '03 M-S M-N M-S M-N M-N M-S M-N lot!' <108i.j 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 J-J J-J 97i.2lO(> 98 Feb'03 971.J Aut'03 901.2 JUv'03 80 -V-O Ao Low High Hi(ili 97'.2J'ly''03 XO Range tor Previous Year (1902) 1903 01 Stocks see below) August 14 /.oic Sale" .\-o Exchanges— Stock Record, Centum Prices Wednesda August 12 Ask J-J A-O F-A 1901' A-O 1907 A-O 1908 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 nvijiiTij 1031-21073, 10o\ 105Vi lOO^g Mar'02 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 104 97 J'ly '03 ^yeek's A-O Iill2 A-O Ont 1st 6s. 1925 A-O 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 gr 1st 7s. ..190 1st 961-2 104 97 •since J a nil an/ 1 Marii Hough it Alexicau Central cons 4s. .1911 J-J "9 9 14 "991.2 99 90 l.l Cons 1st 4s ii:.\ 111 FtSm Ka nge lianije or Last Sale Maine Cent cons Ist 7s. ..191 ill 98 101>vJ'ly'O3 95 >2 J'ly '03 106 106 97 107 105 MS SO May'03 125>aApr'03 100 Aug'03 102 103 109i4Mar'02 112i4Jan'03 ..100 101 100 90 ibo" A-O A-O J'ly '03 Feb '03 101 98 9811: J-D A-0 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 Dominion 6s 1900 Eastern 1st goldOs 1904 Fuchburg4s 1927 43 l/Bit 92'-. 99 14 99 14 106 Dec '0'. 92 104 97 125 125 AG 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 •s^ Price fridaji August 14 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 1 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; 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 98 97 .^ OS trust receipts Last Sale 343 IJOMKS i:an(ie 5 = Jansince uary A sk Low Bid Bur & Mo Kiv ex 63 "3^ Price It day August 14 Am Bell Tiliplione 49 190S J-J J-J Am Telep Tel coll tr 4s.l02it M-S 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 2<»i« 20 14 205i, 201^ 20=8 2'8 1034 3 "8 21-2 2's I212 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 2213 2 23-16 '8231316 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 65 40 4II4 2138 3 11 21=8 3 11 14 66 41 14 411^2 134 •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 Central Coal & Coke. 100 Preferred 100 Consol Trac Pitts 50 Preferred 50 Danville Bessemer... II2 Diamond State Steel... Preferred ., Eaaton Con Electric... 50 PHILADELPHIA 8 Elec Storage Batt....l00 Preferred 100 Germanto-wn Pass 50 Harrison Bros pref. ..100 Indianapolis St 100 Inter Sm Pow <fe Chem.50 55 Keystone Telephone ..50 Preferred 50 Lit Brothers 10 Little SclmylklU 50 MinehUl <fc Sclmyl H..50 Nesquehoninir 50 N Haven Iroii & 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 Westmoreland Coal. ..50 E ext 7s 1910 A-0 AmRysconv5s 1911. J-D Atl City 1st 5s g '19. M-N BaUs Ter 1st 5s 1926. J-D II712 112 117 ConM Choc&Melst5sl949J-J Ch Ok & G gen 58 '19 J-J 110 104 Con N M &A & & WU H & B Top con 5s '25 A-O Gen M Leh V C 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 3 7 7^ Jan 3 1=8 Aug 1 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. 50 235 Anacostia 113 II412 117 & 9638 61 i-i 116 l8t 68 tunnel. .1911 J-J || Lowest is ex-dividend, t Ex-rights. 3 i«JanlO isSep 1 5 2 2 5 23 6 33 65 Is Aug Aug Mar 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 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 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 5s.. Var Npt N&O P 1st 5s'38 M-N 100 North Cent4i2S 1925 A-O 40 11034 1111^ 46^4 47 14 32 10034 101 6OI2 68 14 17 110 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. 25 14 J'ly 3434 Chas Ry G & El 5s '99 M-S Ask Balt&PlstOsml'll A-O 114 1 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 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 74i8Sep Jan 55 17 2 457g Jan 30 4 Jan 6 ii6J'nel5 i4J'ue 8 59 J'ly 15 3739 AuglO Bonds IO6I2 10712 6214 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. 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 Betlile Steel 6s 1998. Q-F Che Can 1st 5s '16 J-J Lehigh Nav 412S '14. Q-J RRs 4s g 1914. Q-F 334 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 3-3 i2-4s 1018 620 WeLsbachCo 23 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 Al Val Col St 8l8 3,142 KR &D Electric of America. ..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 United 8478 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 He,!K or Year Year iear Year £ * 52,329 £ 89,050 200.361 84.700 94.410 176.678 72,534 86.064 lune 1st 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 IthwkJuly bouth'u. 3.924 Cliattau Juue Ohu>.. 1,525.050 Jc 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 Cem" Belleioute BrliU't )Uly , Saco K. Juue Jc fM KB Geor(?ia Ga South Gila Val .Sc G Jane 164.8f.8 Fia.. July 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 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 Latest Gross Earnings | i'reo 10X1.3 AlaGt Southern. 3d wk July 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 Date to Latest Curreiki * ^1; I i^reBiOus JtJoiUlt. AlaN O * lexa- I'aciiio. K O No East. July Ala * Vii'keb'f; Juy Vioksb !>U A V. Jmy July Vtirreui BOADS 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 May 186,120 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! 405 822. y2, 92,354,061 673.994 642,473 199,117 185.793 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 . Tex aa Central Texas <k Pacino Toledo <fe Ohio Central. Toledo Peon* at Weet'n . Tol. 8t.L,<k 144982 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 83.929 * DnlnthSo. Shore Evans. $ 31,380 S 38.190 173,482 897,000 156,300 146,196 101,<i76 Chlo. Detxolt Sontliern West Wabaah WheeUni; <h Lake Erie. Wisconsin Central . Total (40 roads) Net Increase (11 91 Inerwxtt. Dtcrtan. 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 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 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 N.Y. Chio.& St. Louis 46,096 83.047 181,916 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 — 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 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 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 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 6,587,356 100.697 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. — —CurrentEarnings. 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. $ . 820,888 1,619,246 3,299,117 Jan. 1 to June 30 July 1 to June 30 & I'ririotia Year. — 1 to 1 to 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 , 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 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.~. — — . Roads. Boston & Maine— . Current Previous Current Previous Year. Year. Year. Year. $ $ $ $ — 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 — . . .,. ,. , . — I'rcrioHS Ytar. $ # & Pennsylvania- 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 etc. Cun-fiil Year. lioads. V. Y. Ren tats, Int., . Apr. 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 5,985 18,646 204,411 23,538 . . Weet. N. Y. —Hal. ofXet Earn'QS.—^ Current rrerious Xttxr. I'enr. ^ * 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. — 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)... . 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 ! Spanish I TbeM c 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 silver. are roBtiltB lor propertieB R«Balt« for main line. 42.881 J'rerious I'eiir. 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. . 246,182' 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 Milwaukee Elec. Ry. (3o Jan. 1 to lieutals, etc. 7)1/.. 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.. Current 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. > , — -Bal. of Net Eam'gs.—^ Current Previous. Year. Year, Previous Year, Year. $ $ 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 Union &Steel(»tatem'tJ'nel) 296 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 PrelKht oars Service oars 1900-01. 472 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 472 472 472 162 67 Net earnings... Other Inoome 231 80 11,366 185 79 177 79 10,751 lO.O.SO 8.868 413 368 309 300 Ope titiotis— Passengers carried.. 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 Expenses — Transportation Malnt. of eqalpm't. Malnt. of way, eto.. General Taxes Ext'dlnary&lmp'ts. 7,404,604 6,292,584 5,803,693 4,992.147 2,558,128 2,121,874 835.267 534,642 140, -i21 102,000 39,562 1,877,422 1.632.302 650,743 496,691 102.972 3,773,666 2,619.018 8,409,032 2,894,661 988.524 532.744 153,011 102,000 42,016 4,876.422 Total Net earnings P. cop. eip to earns. Other inoome Total Disbursements— Int. on b'ds (Sc oar tr. Interest on bonds of 3,0.28,082 (59*10) 20,662 2,421,587 1,883,255 724,049 731,478 691,258 664,421 •9.288.052 *668,783 6,583.641 Total net Fixed charges 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. 18,900 303,114 21,717 308,708 421 (4)240,000 1,557,281 (6)360,000 (4)240,000 2,918,470 187,845 2,448,976 90,704 2,216,282 205,305 259 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 Miscellaneous Profit andloss 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, 1899 00. Gross earnings Operating expenses 9.164,470 6,822,732 7,750,691 8,531,039 6,920,715 4,778,148 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 . 1,122,493 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 89,905 127,155 832,074 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: Gross from railways Gross from water lines 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 $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. $30,855,203 18,745,828 2i3,410 8,674 Balanoe. snrplns 203,606 122,940 201,353 130,966 on Ist pf. Incomes.. (6)200,000 (3)120,000 (5)200,000 (3 H) 130,000 — V. 77, p. 88. oS. AN. A Miscellaneous 1901-02. 350,104 269,471 14,911 Int. • 190203. Balanoe, Burplas 1900 01. Interest Canadian Pacific Railway. Total net Inoome 190102. Rents Sink, fund ^Statement for the year ending June 30, 190S.J The resnlts for the fiscal year were as follows: Interest received 190203. 325,974 * Liabilitie$— 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.. Central of Georgia Railway Company. CStatement for the year ended June 30, 1903. The results for the fiscal year compare as follows: Misoellaneons Dividend on pref... (6)360,000 Dividend onoom...(4is)313,0D0 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. Rentals 9<i8,734 22,148,602 16,664,961 9,407,543 589,901 19.938 2,539,680 477.698 134,989 <tE 31,840,694 *30,806,837 22,433.161 21,.'il8,785 (62-67) 3.076,315 476,251 96.994 644,000 Total Surplus' 3,129,880 1,863,207 26,926 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... 102,000 138,269 (68-73) (59-96) 48,233 694,546 670.836 134,373 102,000 29.866 1899 00. 9,505,612 827,626 — Total 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 on funded debt previons years. The figures for the earliest year are as Interest 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— Pattengers. 1900 1899 1892 1S4.164,110 174,324,575 213,692,745 1902 03. 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. onlv $13,100. 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 ' 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 have been as below given: results for four years [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. A»»et»— 27, 1903, iyi.2. $ * ^ood will, 13,264,123 13.817.867 etc 480.2M Improvements ri&.054 Plant, Inveslmeuia Caoh .. 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" and June AMD JUNE 45,S27 ,8(J8,»64 18,681,22* 38, 1903, 28, 1902. June Juiif '^. 1»<3. Material -raw. In process aod flu.. 2,W8.705 Acc'tsi notes rec. 382.123 37, 1903, 97. 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 July 1, 19U3, and due 4K p. c. bonds of $1,000 each, dated 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. cocfirm to their underbelieved some is by This 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. In our subway, and I Indorse everything Mr. Bryan has said on the received a subsidy of $750,000 from the State of Coahuila. ter subject. Also, I want to emphasize the fact that in 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 extra work and materials cost $253,000 additional. Mr. Det- air. Both on account of the better circulation and the fact that part 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. system here, moreover, has one plant to generate power and ancase on September 14. Of the 15,000 shares of capital The other to generate electricity for lighting the subway and stations. 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 Street Car & Heating Co.— Incorporated.— (111.) —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, 1903 and 1903, respectively will exchange the above inBro^d St., Thalmann & Co., 25 Fiscal Gross Op. Exp. S'et Interest Other Balance, come bonds on the following basis, provided an amount year. eantinos. and taxes, earnings, on ist M. inltrest. surphis. company deposited, viz.: There be thereof satisfactory to the 1902-3... $106,757 $63,605 $43,152 $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 increased its authorized issue of capital stock from June 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 —The shareholders at a meeting in London July 30 ratiinterests represented lied. by acquired in 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 follows: as V. 254) (see New York 77, p. The director. stock Yoakum is acTrust 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 whereby the American Sugar consummated here today 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 Manufacturing Co.— Beorg^antzatton.— See American The authoriz-^d issue of capital stock has been increased from Bicycle Co. above.— V. 77. p. 150. $500,000 to $3,000,000 for the purpose of building and equipIron & Steel Co.— Earnings. Under the headRepablic ping 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: through its subsidiary the Logan (Natural) Gas Co., has pany, 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 Preston ifl quoted, in substance, as follows: Gas Comm'ssioQ for authority to issue $20,OOJ 5 p. c, serial President disaster, if such it can be called, is not «vlthout its redeeming Th3 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 more heavily upon our other properties, principally those National Biscait Co.—Sto^us.— Touching the declaration simply draw 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 for the corresponding period last year, and the company at the man A. W. Green states tbat the sales of biscuit for the those present time Is securing the largest revenue in its history. quarter just ended exceeded those for the corresponding President Preston estimates the company's loss at not exquarter of last year, and that the profits were satisfactory, $260,000, chiefly In fruit.— V. 77 p. 41. ceeding 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. of business has been apparent in condition improved 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. fairly active and firm on the receipt of unfavorable crop foreclosure sale is The not exp3ct6d to take place until late in 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.— contracts was quiet early in the week. At the close there The company, having sold $250,000 of its $600,000 capital for 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 4.320 338 10,722 1,484 927 3,919 3,397 1,562 2.941 3.395 "203,208 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. since the total the total receipts, week's 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 . .... Strict GK)od Ordinary ..... 0-72 off Strict Low Mid. Stained... 1-06 ofl 490 275 101,016 . 47,452 187 3,078 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. OalTeston Ac. NewOrlean*.. 7*t«l 487 187 8.046 4,188 7,»29 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 ...... Wilmlnston... Norfolk N'port N., 40.. ••••• K«w York 860 .... Philadelphia.. Ban rran., Ae. Total Total 1901.02_ •r««i 69.039 196.941 106.719 16.560 gsTannah-.... 1. 1903, to Aug. Sxporttd to— 8tvt. WMk. BriUin. gab. Pmi. Boston Baltimore Irom JBxported to— 8,802 850 OPLANDB. Sat. 183.703 8.843 187,624 321.663 18.727 11.444 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 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 Th. Frl. 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 men Tnea Wed 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. Clddllng Fair 461 693 WmX StuHna Aug. 14 1*80 ofl aood Ordinary.... ........ 1*00 off Low Middling Stained this basis On the offioial prices for a few of the grades for 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. -steady • ••• tteady • • total. 17 17 Steady steady Very steady Steady traet. 1,200 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 II Id 19 cc(c COCO cba a (0^ ^u 19 19 19 OD»a CD CO CD CD Q040 Om mO j-j oo -j^i db-j (Oco ccq »Ja cboft (001 I • I « II II II 03 00^ 19 QO CD II <o«o CC CD ^•3 coco I I I I •3a tO(0 I* 9 I II II II II 9 I C0<O OOM l« I I I I I 9 I I I I 9 ! (0(0 OiOQ ,9 9 I QD Oio ka (OCO coco CCCD •j-j C3M ' I 9 fiC C9 9 oq (COO kOU> ani- 9 : CD CD Ct-M COCO COCO I (0(D coco OiCO Ob CO wee CD(0 (cce 9 I 9 oo a^ oo OOD 9 I H « = =E ^-3 eol o>. < 9 to to I I I « I I I « I 9 I I I I 9 I 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 I II I 9 II 9 I ' COCO 0(0 6c6 CO 01 ODOO toco 7" I 9 I 9 I 9 »-M on CO I CO CD 00 00 ^fi CO CO CO a a a CO 9 I 9 9 19 1 ' I ' I I M 9 |» I o *? • l'? a a to 9 I I (oi toekatBremes _...... took at Amtterdam...^ ...... tog- »-; 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 e»; a<; OI to a 83,00J iOO 200 3,000 3000 3.000 100,000 4.000 86000 28 000 27, COO 41000 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 1,038,145 663,196 90 000 118,000 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 49i«d. 49i6d. Ol a iom ea 1^ i<^ mm : • : to' i^co M ^ doco! co^^uao; ic<>o<co>)co<]eooo^i*>oco^oco aocooo (« «»• • 00 to 1(1.. CO < to tOM M m; m; o<m! • oito i.^t3coao(0 to M »-*« mIo; aa>coio"bi 61000 18000 ri«».Mt3 m (0 Ma cji ifk 00: (0 499 000 19 000 86000 ; oioocoiom; a CO (o CO » CO M M 318,000" 522,000 34 000 20.000 98 000 6i,000 19 000 • M W a oo>- toto cooii^ >J CO ».ao a »3 to Ol 00 II to tOM M oiaoicoife^cocoaiaa» i)> "oo 41532d 80. 6ii6d 7d 4i«d ko; ui' MOD' ©it'to^aMa; M oiMa MCO M tOOOtO ; ', o mi ^COcxocCO too 9 1900. 89,000 : -ito toco; O: eo; Ol to CD, Ol cocoi»totOMMe<;<>.a; »• c>> -ia^Moicoco.^coa- 810 000 13 000 323 000 18 000 102000 oo: cootoaOiB>i^coMcoi(^o<aococ>;ooM(^ato600ke<i-<)aoo3^oiM CO ex 1901. 700 OCO m; mc^ ©co acaoa(oc;iaoi wtocxaoio o m (o o oo o o (xi"co"<i I^CCM<k.Kia*»OOCl&OOlf»aO»)03CID«4CO<100<»»'XM^llkaocCOCO<- mS oiBjad1<J0. 6 lad. 77i8d. ta.ed. " 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 to< O oM 489.000 10,00a 155.068 60,009 m m : 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 1902. 83000 m a ^-t)!^*^ aDOCoai>-v]t3t3Miooao^i^^coM too 504 000 18 000 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, .^: .«: totcoo* oo; ^ota! m; coaio- 00^ 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.— -.a', -j; c^; <|. 03. «>., 1903. 3,000 95,000 to d 329 000 19 000 4,000 91.000 s 000 14,000 19,000 1 6,000 279 000 627,000 5" M to to KkOBOlCOCOOOtoacoatOM ^3 00 Btook at Botterdam w 1^. bOCO, c^co' 8100X ftt Liverpool....^baie«. Biook *t London ,.^^ lotkl Qreftt Briuin «too>^. Stook kt Hamburg ^^^ to '"I 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. feoflk at : a> o * I ' »4 i»>*4 CO to CO « ; 0(0 CO<L^ I tota a CO CD 00 00 M 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 OO ab*4 coco 00 m— m a»3> o»3tooco<z)aM< <i«»j^j^_Mpa_<^|OM_o»_(y»_*.ppo<i<jeo<^_(»Mj«'_Map_QDao«<i m MR M« o; I OO oooo ©M OM eo ©6 CD CD 00 M coco 9 COM >]• ' ° 00 OO mJ M»q; ba! <oi 5 OO 9 M MM tStO 9 9 (OCX I II I M- MtOOCMCOCOMM^-tOCOWCOa^-^COM (CO (oq (OO coco I II I coco ^a I (0(0 >3ab I I i 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 os! mCO (ono oo aa 09 a< o« to', COCO is §! coo to 10 (CCO coco »9: 9 ^^ ^^ I •a 00 § H HOBO « ; (ca ^to (cco I (0« CD CD ' w= 9 MM qq toco I K^ob COO) Wj»>' CD to 9 ill Pips 4? (k) MM MM oo MM c»«k (CM oo oo ao< (CCS 9 >]a a(0 I I I (0(0 obob 00 OB a CD QD CD CO 10 I 9 I I coea « I 00 •J I (EO -ja o •j-j CBOD 4 o>aci «(e w« oo M — ; • 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 COOOOtOCOOo; M(0<IKI-]OOCOMCaMC;ieOaOOaD<IMODlt^COM ^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 1901-02 1902-03. August 14. WMk. V a St. Via Via Via Via Via Via LonlB Oalro 643 Olnolnnati other routes, Interior towns Inland, &o., from South.......... Total to be deducted 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 ginea ««p<. 775 1,447,230 Ao Between >f««*. 8,719 t866,432 228 162,827 1,192 83,093 "225 194,639 21 91,459 l,3i9 852,217 'i82 Total gross overland..... ...... OedHCt thipmentt— Overland to N. Y., Boston, *c.. 1. 747.861 208,404 2.198 29.605 162,429 37.101 259,632 Padaoah Rook Island Louisville Minet ««»£ 1 9,055 1,106,811 Including movement by rail to Canada, Deduction greater than overland. 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 New Orl«»nfl 18% Nominal. MobUe Bavuin&h.. CbarlMton Man. JBatur. 13 Oalyeaton... .. OH— OLOaiMO QnOTATIORB FOB MIDOLINO OOTTON Wednes. Tue$. 18 12 12°^ ISOg l«i« 1288 Tkurt. Fri. 12ie 12Bg 12ifl 1288 Nominal. Nominal. Nominal. Nominal. Nominal. IS 12% 12% 12% 12% 12% ViU 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 Loals Hoaston OlBOlnnatl . i2»ia 121a 129l6 121s 12ifl 12% I20ia 12i« 159,8 12ig 12 18 12 11 11»« 11 lilt 12 11 12 11 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 I ColambOB.MlBB 13 Enlaala Nashville 12i« Natohei 12'^is Louisville 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— Spots Easy. 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. — dew Orleani.... ...... Above sero of gauge. ttemphlB...... .... ......Above sero of gauge. Above zero of gauge. ffaahvllle.....M.. Above lero of gauge. Ihreveport.... .... Above tero of gauge yioksbnrg F44t. FuL 6-7 12-6 4-3 8-8 12-6 30 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 es of the week bales. 67,000 SO.ouu Sl.UUi 37,000 section to the effect that any member shall be entitled to one SaOf whi^h 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 Moderate Moderate galet. Quiet. Mr. Thomas J. Brophy, for a number of years with the 12:30 P M. Moderate demand. demand, demand, Harden'g of firm S. M. Weld & Co., will go with Messrs D. J. Sully & 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." Sat. Aug. 8 Hon. Tnea. Aug 10 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 Cash wheat t. 0. b Sept. delivery In elev Dec. delivery In elev.... May delivery In elev Wed. 87 Sat. SfoH. Tue*. 86ifl 8688 8638 85»« 8658 85 »« 86 85% 85% 86% 87as 8S38 87 87% 87^ 87 aS's 87B8 87% 89% 88 88>a 88''8 CHICAQO. DAILT OLOfllHO PHIOU OW S X S BPKOIO WHEAT IN Sept. delivery In elev.... Deo. delivery In elev May deuver; in eiev fri Tfiurt. 8at. 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. — ..... 8 mixed In *<*'*• ;??'• . 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 8-1 ... Oklahoma. 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 Africa West Indies 229,120 ..... ..... .... America........... 1,609 Csntral onth merloa, Othe rConntrlei. .. ToUl 72 86 89 87 89 3 2,776 4 663 69 265 Mexico 8 846 46 ... . 1,351 110.469 9,702 26,681 7,110 18,450 1,907 7.308 88,603 6,804 Arabia ITscAc. Mines Jan.i. 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 "mCo5b •CoJb 9i 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. g: > »: 2 ••a B! 87-2 62-3 83-9 Potatoes 948 88 2 93 779 a i ii! X I a •! irii as go: oo 91*2 86-9 79-7 Cotton 81*9 77-2 760 840 < Si Sii i f iii St 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*^ Vo CUM -1 i 00 00 9,105 il^^tOOiU tOl-' M03CT 8.876 1,976 to to a -J tool 1^ »o I MMM*.M tots O1C0 05M00 M05 0i*JM 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 M M O Vtoa'ii^'to 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 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 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 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 MQc aoi(>.coMM ; 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 A *. owiV o M« M«^ aao^iv 03 COM WM W*- <1 VlOSODtO to OM >^ 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 a 09 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 purchased by the State Board of Education for the benefit of Negotiations and Bond Proposals this the Permanent School Fund. This purchase, 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 ,„„ r nHttr.r, Jno. O. Button 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 400,000 for electric light works. 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 one bond for $800. Interest annually on An election has been ordered in this township to vote a July 1. Maturity, one bond yearly from 1910 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 National Bank lOo.Ooo Jackson County (P.O. Siottsboro), JLla.— Bonds Not Sold, Swedlsh-Amorloan KstHbrook ACo., Boston 410,Vi75 Entire $4uO,000 K. (optional) Day 1.. 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 couuti^^s. townships and school ditttriets aegreijatiug JlOi.'-OO. Authority, Section 4808, Revised for |8,0(J0 5* tnrDpike bonds. Of this amount »4i',HC0 is lent on county dratnajro bonds, *:i4.000 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 the amendTne bonds talked of under posed 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 hospital houses, for city $225,000 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. 4:14% 15 year sewer bonds described in V. 77, p. 264. were of $8,000 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.-Bdaifollowing Sold.— Ky.— Bonds Not The MtCracken County, son, Prior & Co., Cleveland, have refused to tase the $18,000 bids, all of which were rejected, were received August 4 for 5% refunding bonds awarded to them on June 3 J, owing to a In V. refunding bonds described 77, p. 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., * tl.ooo O-lOs, R. Kleybolte boaus (6s). par for & Ck)., Mayer, 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 Bond Safe.— The City Council on August 7 Neb.— Omaha, $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. 18.— i<<'» d iJaie.-This district has sold to the State of No. MeadTllie, Pa.— Bond O^ertng.— Proposals will be re- Idaho $12,000 5i 10 year school bonds dated July 1, 1903. Clerk, ceived until 8 P. M August 19, by A. C. Pardee, City 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 Clncln aO.SlOOO S. A. Kean. Chlcairo Co.. Uoth A Well. 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 3 of about These basis a '77?. Ist B'k, Columbus. 20,000 0| 104-07— Clncln.... 00 Mew 20,260 Nat. New York City, at H. Klejbolle * Co.. — : | , , — : 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 LOANS. ^300,000 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 Q. H. Attest- Z. H & — 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. 171 FULTON & CO., la 8alle BONDS. E.H.ROLLINS & SONS, BOSTON. street, CHICAGO. INVESTMENT BONDS. FARSON LEAOH & 00. SEND FOR We Buy STOCKS LIST. MEW YORK. CLEVELAND. BOSTON. Blodget, Merritt Public Securities, & B08T0II. 16 Congress Street, Boston. 36 NASSAU STREET, NEW YORK. STATE. CITY & BAILBOAD BONDS. T. B. POTTER, MUNICIPAL and onkinc Washic^on and Sell oUIMUb, MacDonald, McOoy & Oo., KUKICIPML AMD CORPQRATIOH BONDS. Street, CHICAGO, LIST ON APFJLICATIOK. IL.L.t. Z7Z La Salle Street, Chicago. 4 State Street, BOSTON. and BONDS Listed on New York Stock Exchange. Co., BANKERS PHIL.ADE1.FHIA. 172 San Francisco. Chicago. DenTcr. OENISON, PRIOR & CO CORPORATION Corporation Service Public Municipal Bonds, County Auditor and exthe Board of Commissioners. OHICAeO. Corporations, SavluRS Banks, Estates, Trust Blonds and conservatlTe private investorB. Sultatiie for Chairman. STEWART, Offlclo Clerk of COLLIN, 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- INVESTMENT BONDS Sealed proposals will be received by the Connty Commissioners o( Spokane County. Washington, up 1803. — WILD & REFUNDING BONDS. 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. 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. J. F. NOON. SEPTEMBER if 365 INVESTMENTS, Spokane County, Wash., to — — — Fractional lots market prices a of stocks at close specialty. 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. ROBINSON, GEORGE H. MACY, DOUGLAS 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. 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. 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. 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, DAWB8. BANKING SAVINGS AND DEPARTMENTS. TRUST Maryland Trust Co., The Merchants' Loan & Trust Company. W. Corner Calveri and German Streets, BAI^TimORE. CAPITAL, - - $2,125,000 SURPLUS, - - $2,437,500 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 N. 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 94,000,000 1,000,000 CHABLE8 UZAL. U. V. Goode, J. CHICAGO & Undivided Profits Capita/, Surplus 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. COMPANY, TRUST COLONIAL 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