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:
.
,
n
,
pnanry
flmnwfl
Supplement
Quotation
Street:Railwaij Supplement
(motunv)
SMe and G% Supplement (smAm^
Investors Supplement (&**$
Dana Oompant.
iKntered aooordlng to Aot of Congress, In the year 1902, by the William B.
VOL.
SATURDAY. AUGUST
75.
16,
In the office ofjthe Librarian of Congress.
NO. 1938.
1902.
Week
3£feje (Kshvonitlz.
PUBLISHED WEEKLY.
Terms of Subscription— Payable in Advance
For One Year
for Six Months
Clearings
6 00
18 00
7 50
uropean Subscription (Including
42
14s.
Al
lie.
subscription Includes—
Above
Bank <% Quotation supplement street Railway Supplement
Investors' supple* ent
State and City Supplement
i
I
Advertising—(Per Inch Space.)
oi
Transient matter
84 20
STANDING BUSINESS CARDS.
Two Months
(8 times)..
22 00
82900
(18 times).
Six Months
(26 " )..
Twelve Months (52 " ).
50 00
Woroester
Portland
Fall River
Lowell
New Bedford
Holroke
Total
New
Bng..
Cincinnati
Detroit
Cleveland
Columbus
DANA COMPANY,
Street,
Springfield..
Indianapolis..
A
Pine
New Haven
8700 Milwaukee
Messrs. Edwards
Smith, 1 Drapers' Gardens, E. O., will takesubserlptlons and advertisements, and supply single ooples of the paper
at Is. each.
B.
Boston
Provldenoe
Hartford
Chicago
Three Months
London Agents:
WILLIAM
Publishers,
Corner of Pearl Street,
NEW YORK.
POST Otfioe BOX 958.
Peoria
Toledo
Grand Rapids
Dayton
Brans Yllle
Youngstown
Springfield, 111
Lexington
Akron
*
Salamasoo
Rookford
CLEARING HOUSE RETURNS.
Springfield, Ohio..
Canton
111...
The following table, made up by telegraph, eto., Indicates Jacksonville,
Qulnoy
that tbe total bank clearings of all the clearing houses of Bloomington.
Jaokson
the United States for the week ending to-day, Aug. 16, Ann Arbor
have been $2,039,397,508, against $1,917,212,220 last week and Mansfield,
Decatur..
$1,719,511,762 the corresponding week last year.
Tot. Mid. West'
OUaringi—Returm by Telegraph.
Week Ending August 16.
New York
Boston.
Philadelphia
Baltimore
Chicago
St. Louis
Hew Orleans
Beven cities, 6 days.
Other
eltlvs, 6
Total
days
all cities, 6
Alloitles,
dan.
P. Oent
1901.
$1,080,033,159
97,823.931
75.587,620
19,683,239
127,095,674
39,109,313
8,058.241
$833,688,386
93,511,224
84,715,094
15,046,090
118.459,173
84,654,024
6.464.785
+29-6
+1-4
—10-8
+30-2
+7*8
+13-2
+24-6
•1,447,238,076
246,173,214
$1,189,818,788
221.017,268
+21-7
+11-4
$1,693,411,890
845,986,218
$1,410,336,994
809,175.768
+20-1
+11-9
$2,039,397,508
$1,719,611,762
+18-4
lday
the week covered by the above will be
given next Saturday.
We cannot furnish them to-day,
clearings being made up by the olearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all oases estimated, as we go to press Friday
night.
We
present below our usual detailed figures for the previous week, oovering the returns for the period ending with
Saturday noon, Aug. 9, and the results for the corresponding week in 1901, 1900 and 1899 are also given. Contrasted
with the week of 1900 the total for the whole country shows
a gain of 5'5 per oent. Outside of New York the increase
over 1901 is 9-4 per cent.
CUarin«« at—
190-4.
Philadelphia
Pittsburg
Baltimore
Buffalo
Washington
Albany
Boobester
Syracuse
Scranton..
Wilmington
Binghamton
Chester
Oreensburg
Wheeling, W. Va..
Wilkes Barre
Utlca
Total Middle
1901.
1902.
'.
.185,448.040 1,149.008.358
93,2e8,6'.6
79 208 084
40 102 S80
81,440.791
19.871,801
19.874.449
5,722.829
6 683.232
8,880,758
2.353 912
8,851 676
3,056,780
2.090 802
1.887 887
1.186,087
1,045,008
1.109,451
1.080.782
1.808,579
1.187,216
848,800
819 100
836 086
260.598
815,813
666 828
751,996
2.594,360
811,818
688 686
729 931
Not Include
1.359.658,136 1.297.951 097
1900.
Oent
+8-2
+17
8
+27-6
-001
$
687. 788.106
70, 780 510
25, 668 203
17, ,208.890
+10
4 ,882 461
+436
8 ,220.807
+26-1
+13
2 ,186,614
1 ,548 922
905,817
818.904
867.747
342 700
833 858
287,178
8
+13-4
+87
+61
+85
+84-1
+14
+46
1899.
1,006918
997 878
1,014.898
317,300
.300,000
210,000
In tot
+
4-8
al.
795,732.660 1.041,904.689
146,687,760
164.888,234
18,976,110
11,803,025
14,698.630
6,846.840
8,414 800
4.917,806
2 695,266
8,679.730
1.62S.787
1,662,582
995,788
561,608
023,828
484.218
696.500
475,242
387,130
883,091
418,812
208.163
278,67b
888.281
175,000
70 287
181,254
357,499
185,037.376
16.995 000
14.960.188
14,061,730
5.923.913
8,814,100
4,420.862
2.100.000
Not Include
236.645.8U6
210.688,998
283 202
1902.
837,274
441,598
641.675
495,526
526,600
470,868
300,858
284,802
820.586
171,819
252,828
868,686
163.19(1
80,279
79.000
42,338.970
35.426,116
20.868.794
11.700.000
6.660,140
5.104.886
8.784,828
4,359,048
2.447.653
988.757
1.196,837
1,140,886
506,410
146,798
600,000
17.498,779
9,816,724
6.134,710
4,662.784
4,722,178
6.336.617
1.281,299
958,034
1,008.831
1,081,501
603.464
161.777
638.617
KansasClty
Omaha
St.
Paul
Joseph
Des Moines
DavenportSioux City
St.
,
,
Topeka
Wlohlta
Fremont
<
Colorado Springs..
Tot. other West.
St. Lonis
New Orleans
Louisrllle
GalTeston
Houston
Savannah
ttlohmond
Memphis
Atlanta
Nashville
Norfolk
Augusta
Knoxvllle...
Birmingham
Maoon
Little Book
Jacksonville
Beaumont
120.060,748
2
-7*9
118,383.871
136.498,488
+14-6
116,043,655
18 686.160
10,026.888
12,563.215
0.403.357
4,810 200
8,045.670
1 951.567
8.878 276
1,148.498
900.988
7T8.T82
268.168
448.258
465,061
485.100
805,338
236.835
154,993
262.063
189,276
233,000
160.448
140,000
115.108,243
13 015.560
10.010.668
9 890.478
5.042.484
3.880.80$
2.586,902
1 934.933
2.338 698
1.161.284
+16
+6-1
+3'2
-0-8
+16
+117
-84'4
+4'5
+166
+83-8
+11-"
+236
+14*1
1,108.056
1809.
93.749,101
5,683.400
1,938.091
1,228,065
1,828,849
1,100,648
933.097
524,678
508.738
868.883
8S9.759
—36
+172
+50*0
+189
1,838.817
1,190.716
586.475
489,870
278,550
Total Pacific.
-9'5
+25'0
+6-1
+9-4
+14*7
1 300,000
3,921619
Slonz Falls
1900.
Otnt.
8 223 441
Spokane
Tacoma.
Helena
Fargo
+24-9
+14-0
-2'8
+82-3
+0-9
+12 2
+8f8
+88'6
+81'6
+9'5
+81-6
+14'8
+18-5
+189-4
din tot
+11-8
+7-6
+9-»
+22-4
+82'6
+500
+639
-8 8
+16-6
+83'6
+80-8
+19-6
+19-2
+19-8
+6'8
+9-3
—199
—18-8
+910
+2-9
+19-1
+6-6
+06
-9-9
—4-6
8,111800
2,504,904
1.872,330
1,516.385
1,146,164
1.438.679
666.665
590.341
899.777
200,000
021 943
766,198
268 247
806,881
805.788
898.800
870.26S
262,396
814.068
248.218
140,829
60.000
al.
175,680.420
169,868.794
18.126095
1.817 880
1.700.C00
8.492.808
2.916,648
951,763
1,010,931
843,744
240,238
125.151
16,806.434
2.S97.538
1.495 827
1,701,839
4,607,369
H.l.150.558
1,020.400
615,750
822,101
112 184
30,228 306
30,289,366
16.180.162
8,788.868
5,546,680
8,820.536
4,897.621
4,436 571
1,285,296
865.382
950.276
893.887
499.669
136.703
12,186,345
8.138,720
5 814.092
8.607.094
3,260 897
3.447,882
1,074 648
886,656
715.198
600,164
484,894
100.232
69,380,832
63,784.114
48.270.0t)6
40.20l.710
42,298.712
8,918.818
9.116 693
1.774.500
5.000,000
1,090,681
8.762.099
2,036,983
1,893.954
1,680 678
1,818.021
606,830
676.166
1,859,475
965.856
583,000
777,659
515.000
350.729
825,000
86.784,204
7.410 818
7.887.850
2,740.600
30.012.198
6.919.328
0,424.982
1,968 000
8.400,000
8,595,047
8 206.806
31.004.605
5 H97.877
7.814.999
2.208,850
2.460,000
1,968 280
8.889 928
1.477.420
1,947,113
1,268,083
1,040.090
887.187
522,091
738,448
600.158
389,000
8.6OOO00
1,945,738
8,889,186
3.180.384
1.644.128
1.680.929
1.487.729
634.261
588,255
1.161.27B
804,517
518.000
588.593
465.125
374.848
1 824 080
1,379.819
1,884,265
1,234 6 '0
897,103
464,122
627
689
570
480
027
895
000
571
888605
317.802
383 684
284.067
198,646
Not lnolnde
74.606.088
86,181.487
Total Southern..
1,917,312.220 1,817.944.157
Total all
868,985,799
731,764.180
Outside N. York.
+94
62.250,619
68 600 034
1,225 85084(1 1 481,093.556
577,810,012
558,004 1*1
CANADA—
Montreal
Toronto
Winnipeg
Halifax
Hamilton
St. John
Vlotoria...-
,
Vancouver
Quebec
+8'0
184,018.410
Seattle
Los Angeles...
Chattanooga
903,780,544
8U.061.870
84 020.780
17,848.808
5,188 012
2 090 8*8
2,028,498
1.780 208
130.086 275
6,077,800
2,108,690
1,447,880
1.884,934
1,429.736
1,140,637
766.678
500.006
413,639
23,608 079
4,026,887
2.804,240
4.651 20tf
City.
Fort Worth
With ending August 9
117,669,652
6.857 200
2.685.297
1,535,861
1,460,064
1,689,141
1.168,601
804,761
618.445
410.167
889.341
21.011.600
8.684.186
2,290,490
2,547,525
2 699,249
1,117.404
1,089,231
606,247
331,098
210.095
Lake
Portland
Denver
full details for
New York
San Francisco.
Salt
Minneapolis
. .
Total all eities for week.
The
1003.
1001.
'.
......................$1000
Terms
ernlxng Augustus.
at—
1902
~
postage)......... ............
Europe an Subscription Six Months (lnoludln g postage) .......
Annual Subscription in London (Including postage)
Six Mob.
do.
do.
do.
..
<^m$
16 899 851
10 263 079
8.018 307
1,098111
1,015.780
1,481,041
1,638,667
8,252,801
Ottawa..
Total Canada
19.147 954
10.189 817
8.675.903
1.706 083
810,159
1.003.839
808.449
...
89,404,382
1,800,000
696,389
890.894
676.928
Not include
85 740»84l
+18-8
-1-8
+77-1
-53
1,403.52!
11.938.650
7.872.391
1,931,996
1.433,860
18,407.909
8 404.345
8,078,466
738,471
718623
7
868. i«5
737 469
-11-0
+8'0
+3-5
683,903
1,020.516
741.087
1.014,877
In tot al.
+10-21
88.596.391
86,892,398
—18-8
+12
THE CHRONICLE,
310
[Vol,
context indicates that the intention, by the use of the
word "may," was to make the service of the notice a
THE FINANCIAL SITUATION.
The monthly crop condition report of the Agricultural Department made public Monday foreshsdowed
fact that the next step to" be
a highly satisfactory out-turn of the yield of
whea*-,
is
deferred
On the Stock
showing vas im-
of
thirty days
is
corn and oats
— particularly of
LXXV.
corn.
This idea
discretionary act.
by
encouraged by the
taken by the Comptre Her
is
the
statute
after
service
also
the
until
of
expiration
the notice.
That
to say, an impairment may remain thirty days
mediately observable, as the result of large production after notice has been served before the Comptroller
had been already accepted and to an important extent has authority to take any action. Moreover, if after
discounted.
Besides tha*, the bad baik statement the notice has been served the bank, within the thirty
on Saturday, indicating the material reduction in the days, makes good its reserve, the impairment to which
Exchange no
special effect
from
this
currency held by the associated bai ks of $4,083,500,
and leaving the surj lus reserve ol ly $9,032,250, was sufficiently disturbing to lead to a selling movement in
unsettled values for
securities on Monday that
feeling has worn
Since then that
time.
the
apparently
caused
of money has
off, the future
no anxiety, and operators in the stock market have
displayed the same confident spirit of previous weeks.
the notice refers being no longer existent, another
notice would have to be served if another lapse occurred and another thirty days expire before any action against the institution
provisions
reserves.
would be
in order.
Such
evidently contemplate periods of impaired
Bat
the meantime " loans or discounts
in
other than by discounting or purer asing bills of exchange payable at sight " and the distribution of prof-
—
It is likely that the tanks to day will show an etlarge- its by "dividends" are forbidden
restrictions, by
ment of both gross and surplus holdings of currency. the way, which, for obvious reasons, count for nothing
The natural tendency of institutions, so many of which so far as our city banks are concerned.
are below the legal limit, would be to gather in what
ever supplies were within reach; supplies of that
character ought to be procurable at this stage of cur.
rency movements, especially since our leading banks
have added to the efficiency of their organs of pre
hension by means of their closer alliance with mone
tary institutions not only near by but all over the
country.
We
cannot too often repeat that there is nothing
alarming to general business in the mere fact of small
reserves. The only people to be disturbed by it are
those that are so extended as not to have the ability
That is so because at a time like the
to hold on.
present a short Bupfly of money is more often local
and felt through discriminations in collaterals and in
An
easier foreign
exchange market accompanying
money on Monday, with a substantial
rates Wednesday and again Thursday — due
the advance in
decline in
and
commercial bills
against prospective shipments of cotton
have been a
leading, though somewhat unexpected, feature of the
week, and have relieved present anxiety with reference to the money market. For the time these
changes postpone further geld exports. The foreign
trade statement for July, issued this week (which will
be found in our usual form on a subsequent page), is
so conspicuously unfavorable compared with the
previous year that a resumption of gold exports in the
near future would not cause surprise. An instructive
to offerings of loan bills
also of
—
incident, suggestive of the character of some of the
financial items which help to make up the present inmargins;
situation
is
a
which
a demard for wider
of course very trying to weak holders. Other than ternational monetary status of the United States, has
the application made by
this there la nothing a'arming in the mere fact been the granting of
of a
email surplus
perous condition,
when
the
country
as
the
reader knows,
for,
is
in a pros
J. P.
August Belmont & Co. and
Board of Governors
York Stock Exchange to have listed
Morgan &
bank Baring, Magoun
Co.,
&
Co. to the
and kept for use in case of of the New
monetary stringency and not to look at. There 2,316,000,000 roubles ($1,188,495,000) of State 4 per
was a period, a considerable time ago, when cent certificates of rente of the Imperial Russian
the provisions relating to reserves in the national Government, the above-mentioned firms being authorbanking law were interpreted and enforced more ized to pay the coupons on these rentes. We say that
rigidly than they are now.
As soon as a bank fell this incident is instructive and suggestive because it
limit,
a notice was sent out by the Comp- affords a hint of what is perhaps becoming a larger
below the
troller of the Currency to stop loaning, etc., until factor in the security holdings of our people than is
A closer examination generally understood, a circumstance which consethe deficiency was made good.
of the law has shown that, according to the real mean- quently may have more to do with the condition of our
ing of the statute, national bank reserves fill a place international adverse balance than is usually allowed
not very unlike that filled by army reserves.
In for. At al eventsjthe facilities offered the American
either case a reserve arrangement that could not be public by this transaction will no doubt lead to very
used might better be abolished, for it would simply considerable investments in Russian securities, and so
be burdensome ; while a reserve that had to be kept widen the field for permanent holdings in the United
up to full quota while a struggle which called for its States of government funds of European States.
active employment was in progress, would be simply
impracticable, and ruinous to the interests it was
It has been said that we made no account in our
made to preserve.
currency comparison in this column last week of the
reserves
are devised
As already
stated, the provisions of the national
regard
to this matter are found on examinawith
law
In case a bank's holdings
tion to be eminently wise.
of currency falls below the 25 per cent requirement,
the statute merely says that the Comptroller "may
of the total currency in circulation in the
United States during the last twelve months. The
omission was intentional and there was good reason
In the first place, the addition has not been
for It.
According to the Governhalf as large as claimed.
notify " the bank to make good its reserve. The words ment statement of August 1 the amount of money in
used are not "shall notify " but "may;" besldes,Sthe circulation at that date was $2,260,606,137, against
increase
—
August
THE CHRONICLE
16, 180S.]
$2,189,567,149, or ai increase of only 81 million dollars, the Sab-Treasury holdings being substantially
Another and the chief
the same at both dates.
reason for the omission was that although the new
addition to our currency is all in circulation, our
New York
City banks only hold $248,942,000, against
$262,298,200 twelve months ago, of gold and legal
tenders, while the aggregate holdings in other national banks show no increase according to latest return; that
is
to say, there was
in
sight, that
is
in
banks and in Sub-Treasury, less August 1 1902 than
there was August 1 1901; showing that more than
all the year's addition to the volume was out of sight,
in active use.
A
in
its
311
present season, as agaiast an ex-
territory the
ceptionally poor yield last season.
To whose
benefit will all this prosperity of the rail-
road industry inure ? The unthinking might be inclined to reply, to the shareholders. Not so, however,
Only a very small portion reaches them ultimately.
The modern
ings back
policy
into the
and extension,
so
is
to put a large share of the earn-
properties for their improvement
prepare for possible adverse
not be feasible to spend money
as to
may
periods
when
in the
same lavish way, and
it
also so as to enable the
roads to carry traffic at gradually diminishing rates.
We
have had the present month two announcements
which go to show that railroad prosperity means gain
On Saturday
for the shipper and the laborer alike.
last a dispatch came from Chicago saying that nearly
every one of the seven thousand conductors, brake-
statement attributed to President James J.
Hill of the Great Northern Railway Co. serves to
indicate in a striking way the magnitude and vast men and train baggagemen of the entire Burlingextent of this country. Mr. Hill is quoted as saying ton system are to receive a material increase in
that the roads embraced In the Northern Sacurlties wages beginning September 1st. The dispatch also
Co. will earn in the fiscal year which began on July gave the details of the increase for these various
Only a few days previously, it will be reIt should be classes.
1st 1902 the sum of $150,000,000 gross.
remembered that the Northern Securities Co. lines called, President Hill of the Great Northern, President Mellen of the Northern Pacific and President
all lie west of Chicago, in a country having no extensive manufacturing industries, agriculture being the Mohler of the Oregon Railroad & Navigation Co. had
main pursuit there. It is only a few years since the been in conference with the farmers of Eastern WashPennsylvania RR., the system of largest earnings in ington, the outcome of which conference was an agreethe country, and whose network of roads traverses a ment on the part of the railroads to give a 10-per-cent
territory gridironed with coal and manufacturing reduction in rates on wheat shipments to Pacific Coast
interests, attained the distinction of having earned terminals and also on shipments eastbound to MinneFor the calendar apolis, Daluth and Chicago. It is estimated that
as much as $150,000,000 gross.
year 1901 the Pennsylvania's gross amounted close this 10-per-cent reduction means a gift to the
to $200,000,000, but only as recently as 1899 the farming interests in the sum of close to a million dolearnings of this great system for the first time reached lars. We cite these announcements simply to show
the $150,000,000 mark. The systems controlled by that railroad prosperity brings mutual benefits, rethe Northern Securities Co. are, as is known, the dounding to the advantage of all concerned. Of
Great Northern, the Northern Pacific and the Bur- course we need hardly add that, besides higher wages,
lington & Q aincy. It is true that these three systems prosperity means full employment to labor instead of
have an aggregate mileage nearly double that em- partial or total idleness as at times of depression.
braced in the Pennsylvania Railroad confederation,
but it is nevertheless a noteworthy fact, illustrative of
Perhaps the most forcible way of showing the conthe growth of the Western half of the United States, trast between the superb crop prospects the present
that a combination of roads west of Chicago should season and the poor crops realized last season is to say
be within sight of a total of earnings which but a that the]; Agricultural Bureau at Washington, In its
short time back it was supposed was possible only in report issued on Monday, places the general condition
the great manufacturing districts east of Cnicago and of the corn crop of the United States on August 1 at
86 "5, as against only 54 on the corresponding date in
St. Louis.
Even this comparison, however, does not indiIf Mr. Hill's expactation3 of $150,000,000 gross 1901.
earnings shall be realized and Mr. Hilt is a careful cate the full extent of the difference between the two
man, his estimates in the past having been veiy close
years.
There is the added fact to be taken into account that the area planted to corn this year is 3,520,it will mean a very large addition over the revenues of
the same roads in the fiscal year which closed on 000 acres larger than the area harvested last year.
Jane 30th. The combined gross earnings of the Bur- Estimates based on the higher condition aid increased
lingtoa & Quincy, the Northern Pacific and the Great area indicate a corn crop the present season, barring
Northern in the year in question were $133,064,369. future adverse developments, in the neighborhood of
There would have to be, therefore, an addition of, 2,500 to 2,700 million bushels. Tne figure is so large
roughly, $17,000,000 the current year to bring the that even if the amount should be reduced 200 to 300
total up to $150,000,000, though possibly Mr. Hill in million bushels, the crop would still be the best ever
fixing the total at the figure given meant to include made in the country's history. At 2,500 million bushthe steamship lines and var ous miscellaneous com- els the amount would be 1,000 million bushels in
panies.
In any event, however, the increase will excess of the short yield of last year.
have to be very large to make the combined total
In the principal produoing States a comparison beFiona, certa n dttails given it appears tween the two years is like that between opnlence and
$150,000,000.
that an addition of over $6,000,000 is co anted upon poverty.
Thus, in Kansas last year the condition on
in the case of the Builmgton & Q aincy alone, whuch Aug. 1 was indicated by 19; this year the corresponding
certainly does not look like an extravagant expecta- figure is 103.
In Missouri the condition last year was
tion, seeing that the Burlington & Quincy is the larg- 29; this year, 100; in Nebraska, 36; this year, 101. In
est com carrier in the United States, and that the fact, barring Texas, where the outlook is poor on acoutlook is for an extraordinarily heavy yield of corn count of the late drought, and where the condition
—
>
THE CHKONICLE.
312
expressed by only 38, the promise
throughout the Southwest is exceptionally good. In
the Central Western States the change is only less
marked. Illinois's average last year was 51, this year
the present year
is
[Vol.
LXXV.
The exports during the month were only 11,733
as against 14,027 tons in
tons,
June, 16,283 tons in May,
16,424 tons in April and as
much
as 20,097 tons in
March.
In the following table, prepared in our usual
form, we show the amount of copper remaining for
it is 95; Iowa's was 57, now it is 93; Indiana's, 57,
said
be
home consumption, after allowing for the exports in
now 97; Ohio's, 73, now 91. It remains to
that the other leading crops, barring winter wheat, each of the last three years.
The Copper Production.
-Julyalso promise a greatly increased production.
-Jan. 1 to July 31—
Tons of 2,240 lbs.
1902.
1901.
1900.
1902.
1900.
1901.
condition of spring wheat August 1 1902 is given as U. S. production
26,749 21,965 23,012
167,197 155,379 157,689
89*7, against 80*3
on August
1
1901.
average of oats the present year
only 73'6 in 1901. As to potatoes,
is
it
August
The
general
89 *4, as against
is only necessary
Exports
11,733
6,824
11,636
109,693
56,851
101,915
15,016
15,161
11,876
57,504
93,528
55,674
Production of foreign reporting mines
9,210
9,251
7,433
61,756
56,101
50,688
Remainder
As
was
month
July considered by itself is
over 32 points higher than at the corresponding date concerned, the situation is thus seen to be just what it
was In the same month of last year, 15,016 tons havlast year.
ing been left at home in July 1902 and 15,161 tons in
The "Iron Age's" monthly statement shows no in- July 1901, these amounts comparing with only 11,376
to say that the condition
1
this
year
crease in iron production during July, but rather a
decrease.
Owing
to the blowing out of a
number
of
large blast furnaces in the Central West, our contem-
tons
far as the
of
For the seven months to July 31
better, owing to the large exports
For these seven months the excess
in July 1900.
the comparison
is
early in the year.
porary finds that the weekly capacity of the active of production over exports is only 57,504 tons in 1902
furnaces on August 1 was only 336,465 tons, as as against 98,528 tons in 1901. Comparing with 1900,
against 350,890 tons per week on July 1. The "Age" however, when the situation was more nearly normal,
says that a part of the falling off
is
to be ascribed to
the anthracite coal strike, which causes a deficiency
of about 35,000 tons a month as contrasted with the
it
is
found that the remainder then
left
was only
55,674 tons.
There was no change in official rates of discount by
Quite a number of stacks in the Central West, also, have not been working up to full any of the European banks this week, and unofficial
limit, this being caused by irregularity in the fuel or open market rates were easy at the chief centres.
normal make.
circumstances the "Age" The striking feature of the statement of the New
thinks the production will be kept down for some York Associated Banks last week was the reduction of
time to come. As the demand for iron continues very $4,706,875 in surplus reserve, to $9,031,250. This was
active, these hindrances are to be regretted, though caused by the lose of $4,082,500 in cash reserve, of
even as it is the country is producing iron on an ex- which loss $1,975,500 consisted of specie and $2,107,supply.
Under
these
The complete
imports 000 of legal tenders, and also by the increase of $624,and exports for the fiscal year ending June 30 1902 375 in reserve requirements, the deposits having been
have just been published, and these throw a new and increased by $2,497,500, mainly through the expaninteresting light on the urgency of the demand which sion of loans by $6,823,200, less the loss of cash. The
has existed for so many months. Taking all the receipts by the banks of the proceeds of Assay Offioe
articles given in the trade statistics by weight, it is checks drawn against deposits of gold bullion at Pacific
found that the exports of iron and steel fell from Coast points amounted during the week to $640,000.
traordinary scale.
figures of
1,125,987 tons in 1900-01 to 496,510 tons in 1901-02,
while the imports of iron and steel at the same time
Money on
call,
representing bankers' balances,
ran up from 164,317 tons to 459,869 tons. In other loaned on the Stock Exchange during the week at 6
words, in the previous fiscal year there was an excess per cent and at 3 per cent, averaging 4| per oent.
of exports in amount of nearly a million tons, but in On Monday loans were at 4 per cent and at
the year just passed exports and Imports about 3 per cent, with the bulk of the business at
balanced each other. In the matter of stocks, sold 3£ per cent. On Tuesday transactions were at 4
and unsold, the "Age's" figures show no great per cent and at 3 per cent, with the majority at
change, the aggregate being down to an extremely 3f per cent. On Wednesday loans were at 4 per
lowbasis, namely 74,130 tons hardly much more than cent aid at 3V per cent, with the bulk of the
business at 3f per cent.
On Thursday transactions
a single day's output.
were at 4 per cent and at 3& per cent, with the
Quite in contrast with the situation in the iron and majority at 3£ per cent. On Friday afternoon money
steel industries, the copper trade remains in an un- loaned at 6 per cent, after being quoted at 3f per
satisfactory shape.
This week copper prices again cent early in the day. This advance was due to a
weakened. Mr. John StantoD, who is an authority demand incident to the payment of the foreign subin the trade, yesterday afternoon issued his usual scriptions for the Oregon Short Line collateral trust
monthly compilation, the figures covering the month bonds; the remainder of these subscriptions will be
After the above-noted deof .July, and in these figures It is easy to see a reason payable September 15.
for the renewed decline in the value of the metal. mand had been satisfied, rates for money on call
It appears that production (notwithstanding the great receded to 4{- per cent, and 5 per cont was quoted
drop in the price as compared with a year ago) at the close of the day. Banks and trust companies
being
maintained
is
at
its
maximum, while loaned at 3f per cent as the minimum. Time loans
exports
are
the
no longer so considerable as they were firmly held at 4}(g)4J per cent for sixty to ninety
were a short time ago. The amount of copper pro- days and 5 per cent for four to six months on good
duced in the United States during July is given as mixed Stock Exchange collateral. The business was
26,749 tons, or a few tons more even than for June, small for the longer periods, commission houses genwhen the output had been the heaviest ever reached. erally being well supplied with long-time money, but
—
'
..
.,
August
THE CHRONICLE.
16, 1902.]
amount of borrowing for sixty to
and the offerings for these periods were
The commercial
chiefly by the foreign bankers.
paper market was dull and the little business done
was at ^|@5 per cent for sixty to ninety day endorsed bills receivable, 4£@5 per cent for prime and
5-£@6 per cent for good four to six months' single
there was
a fair
ninety days,
names.
England minimum rate of discount
remains unchanged at 3 percent. The cable reports
discounts of sixty to ninety day bank bills in London
2 ll-16@2f per cent. The open market rate at Paris
Is If per cent and at Berlin and Frankfort it is 1£@2
per cent. According to our special cable from London, the Bank of England gained £322,657 bullion
during the week and held £36,900,763 at the close of
the week. Our correspondent fnrther advises us that
the gain was due to imports of £323,000 (of which
£278,000 were bought in the open market, £35,000
from Australia and £10,000 miscellaneous), £20,000
net received from the interior of Great Britain and
The Bank
of
313
was equal to 45 points compared with
There was a
further decline on Friday of 15 points in sight exchange, making 60 points for the week.
The Aspaid
$1,052,652 45 for domestic bullion.
say Office
Gold received at the Custom House for the week,
cline in sight
rates at
the beginning of the week.
$38,665.
Nominal quotations [for exchange are 4 85£@4 86
Rates for
for sixty day and 4 88@4 88£ for sight.
actual business opened on Monday easy in tone
though unchanged compared with those at the close
of last week, except for cables, which were 5 points
lower at 4 8825@4 8835. On Tuesday there was a
decline of 10 points in long and in short, to 4 8540®
4 8550 for the former and to 4 8780 @4 8790 for the
latter,
while cables
fell off
8820@4 8830;
5 points to 4
On Wednesday
the market was weak.
the tone was
easier for long and for cables, which declined 10
points for the former, to 4 8530@4 8540, and 5 points
the latter, to 4
for
8815@4
8825; short was barely
steady at the close at unchanged rates, though selling
5 points lower during the day. On Thursday the
market was very weak, long falling 30 points to 4 85
exports of £20,000 to Malta.
@4
The
,
foreign exchange market was weak, influenced
money, which caused liband partly by sales of commercial drafts against cotton for prompt delivery and
also of this class of bills drawn with the option of
It is noteworthy
delivery sixty or ninety days hence.
that until this week bankers' long bills drawn with
in part by dearer rates for
8746@4 8755, and ca4 8790@4 88. The tone was weak
8525, short 35 points to 4
bles 25 points
to
on Friday; then long was quoted 20 points lower at
4 8490@4 85; short at 15 points decline, 4 8730@
4 8740, and cables at a fall of 20 points, 4 8770@
The market was affected by the above-noted
4 8785.
advance in rates for call money, and also by the
Oregon Short Line bond subscriptions. The followthe expectation of being covered at a profit at matur- ing shows daily posted rates of exchange by some of
ity have not been freely offered, such operations in the leading drawers.
exchange being discouraged by the fact that last year
DAILY POSTED BATES FOB FOBBIOH EXOHAKGB,
eral offerings of loan bills,
similar transactions in
many
cases resulted in loss,
the market then being in such a condition as to compel the sellers to re-purchase the bills before matuiity
comparatively high prices. Now, however, it is
claimed that the indications point to lower rates for
exchange when the bills fall due by reason of the exat
pected large volume of
grain
cial
from the cotton,
and provisions export movement. Commer-
drafts
made
bills
resulting
against future exports of staples
Mow.,
TBI.,
Aug. 8 Aug.
486
WownBro.
{%££
Jar in k,
(60 days. 480
Magoun *
Co.
Sank British
Mo. Amerloc..
Sank of
.
{
(
.
<
J
4
86
88*
4 88*
Sight...
60 days. 486
4 88*
Sight...
60 days. 4 66
4 88*
60 days 4 86
anadlan Bank (
of Commerce. i Sight... 4 88*
aeldelbach, Iok- 1 60 days, 486
elhelmer it Co. < Sight... 4 88*
.
t— mwfc«i8ffi:
11.
4R6
WBD.,
TTJES.,
auq.
la.
Auq.
13.
THTJB..
Aug.
14.
FBI.,
Aug.
16.
80
86
88*
88*
68*
8*
86
86
86
86
86
88*
68*
88*
88*
88*
b6
88*
86
86
86
86
86
68*
88*
88*
88*
88*
86
86
86
86
80
88*
88*
68*
88*
88*
86
86
86
86
86
88*
88*
88*
88*
86
86
66
88
88*
88*
66*
88*
88*
88*
88
86
86
86
86
4 88*
88*
88*
88*
88
88*
have not heretofore been regarded with favor by
Merchants' Bk.
60 days. 486
86
86
66
66
88
4 88*
88*
88*
88*
88*
88*
bankers because of the high prices which have
been maintained for them, and therefore the operaThe market closed at 4 8490@4 85 for long.,
tions in these bills have been small.
This week, how- 4 8730@4 8740 for short and 4 8770@4 85 for cables.
ever, holders of such bills have, in view of the proba- Commercial on banks
4 84£@4 84 f and documents
bility of liberal supplies of spot drafts early in the for payment
4 83|@4 85. Cotton for payment 4 83f
cotton export season, been willing to make liberal con- 4 84, cotton for acceptance 4
84£@4 84| and grain
cessions, and consequently sales of the bills have been for payment
4 84f @4 85.
quite large.
The outlook for firm quotations for
money, indicated by the advance in short time
The following gives the week's movements of money
rates, has this week encouraged the drawing by
to and from the interior by the New York banks.
bankers of sixty or ninety day sterling for the
(
@
negotiation
of
loans
upon stock
collateral,
the
Week anting August
BtUiVtd bV
15, 1808.
8hi99*d bv
(
N*t Jntsritr
Mov*m*nt,
If. T. Bank*. S.T.Bank*.]
being placed by the purchasers
Onrrency.
$1,588,000
Gain
16.891,000
13,735.000
who borrowed them either in the call or in the time
189,000
Sold
983,000
Gain.
1,181,000
loan market, or used for their individual account in
Total gold and legal tenders.
Gain. $1,705,000
16.418,000
$4,707,000
lieu of domestic money.
These various operations in
commercial and In bankers' bills have had a direct
With the Sub-Treasury operations and gold exports
the
effect upon long sterling this week and short sterling
result is as follows.
has been sympathetically influenced by the decline in
Nit Chant* to
Outtf
Int*
Week Mndim August 16, 1903
rates for long and also by the absence of demand for
Bank Holding*.
Bank*.
Banki.
proceeds of these
bills
j
thia class of bills for remittance; cables likewise have
been sympathetically affected and after Wednesday
the entire market was weak. There was a sharp break
in rates all around on Thursday, caused in part by
liberal offerings of bills against securities,
and the de-
Sanks Interior moTement, as abore
9ub-Treas. oper. and gold exports.
Total gold and legal tenders.
The
>n
16.413,000
19,100,000
14,707,000
30,100.000
$35,512,000
$34,807,000
following table indicates the
the principal European banks.
i
I
Gain. (1.705.00*
Loss. 1 .000,009
Gain.
amount
»705,0OO
of bullion
—
THE CHRONICLE.
314
August
Ban*
11,
AUQuat
1903
15. 1901.
•/
Cetd.
Bilvtr.
Totel.
mv*r.
StolA.
Total.
~~£~
£
£
n
gland
Tranoe...
.
.
Germany n
AoMla
AtM.-Hunfr'y
Spain
Italy
£
37,720.630
36,900.768 87,720,580
104.797,838 44,886,6i!l 149,681.018 98,110.744 44,776,205 118.888.919
87,012,000 13,700,000 50,743,000 31,385,000 14,024.000 48.359,000
73.638,000 8,863,000 82,498,000 70,228,000 7,459.000 77.681.000
44,497,000 12,574.000 67,071,000 89,270,000 11,079,000 00,849,000
14,214.000 19,163.000 83,667,000 14,003.000 16,990,000 80,998,000
36 800.768
16.145.000
2,027.60}
1.933,3)0
6.641.700
18,172.600
11.536,290
16,839,000
'0
6.200,700
6,571,3)0
3,136.667
1,668,883
4,706,000
8,087.8)0
1,513.700
Netherlands.
Hat Belg'm
4,894,5
[Vol.
LXXV.
This is in its very form an executive oath and in
nowise resembles the crowning and anointing of an
absolute monarch, claiming and allowed to hold by
divine appointment, whose will is the law; it is also
For the essence,
a constitutional oath in substance.
England as here, is that government derives its
just and stable powers from the consent of the gov17,801,8 K
erned.
It is even more true now than it was a half
11,881.9)0
4.631.00C
Tottbit week 883.253.818 109711257 441,976,075 318,868,374 103375105 183.243.679
Tot. PMT. W'k 336.633,107 110237113l445.870.880 317,812,777 103380699 420,493.376
in
century ago that the strength of the throne is because it is "broad based upon the people's will and
compassed by the inviolate sea." This being so, it is
unlikely
that
England
will
come
to
the form of
democracy, having already its substance.
KING EDWARD.
CORONATION
Of course there is no country where this is recogThe delayed coronation ceremony which occurred nized with more satisfaction than here. There is a
on Saturday lacked somewhat of the pomp originally tie of kinship in race and speech which counts much.
prepared for it. Yet the interruption unquestionably The civilization in both is the same, and commercial
served to rais3 the occasion beyond the merely cere- methods and intercourse grow closer to oneness. The
monial and to give it a solamnity and impress' veness King's illaess, very dramatic in its circumstances,
which no mere external pomp could confer. The called out a return of the quick sympathy which
evident sincerity with which Edward resigned the Eaglaid extended in our own trial of last year. Perfirst of his baptismal names, that his father's might
haps it is q ilte as much a calm statement as an
stand alone in honor, and his voluntary promise to emotional expression to say that the two nations are
follow in the footsteps of his mother, had been a most brothers rather than cousins.
appropriate beginning.
E rents which were not foreseen and seem to have
The recent interruption harsh and untimely re been ordered for us have also brought England and
minder, as it seemed, that royalty is not more cloaely this country together in the East. In some sense
hedged by dignity than by the common frail ly
young and new Japan is a ward of the United States,
proved to have some fortunate results. The new King and it is certainly a picturesque fact that we have been
bore himself with such dignified and courtly patience forced into the position of morally supporting an al-
AND
THE
—
and seemed
so forgetful of self in his consideration for
liance in which we have no contractual part. It seems
made the whola civiliied world in fel to be the natural law that a nation, like an individual,
lowship with him. Thus it came about that in a very cennot live for and by itself, and the encouraging fact
unusual degree the man as well as the King has been as to our new international relations is that they came
brought before the eyes of the peopleand has won without our will or even against our wish.
others, that he
their affectionate sympathy.
We
take a degree of pride in our republican sim-
plicity.
Oar Administrations change with
ness which has never obtained, from
a smooth-
inauguration
incidents we have been able to give it, any impressiveness beyond what comes from the absence instead
When the change is exof the presence of pomp.
traordinary, as it was last year, the constitutional
oath is taken with almost as much brevity and simplicity as the oath of a witness on the stand.
For
the witness promises to tell the truth; the elected
official to act the truth; the President-elect to faithfully execute the laws and preserve the Constitution.
England has a conservatism and a regard for traditionary forms which could not exist in this country,
which never had form or tradition; and so England
retains some of the outward ceremony that once attached to an absolutism which no longer exists.
Of course we know that the monarchy is even more
limited now than in the time of Gaorge III., but perhaps we hardly realzo that England is in effect a
democracy. The difference is in form rather than in
substance.
The
executive
is
all
hereditary instead of
but the limitations are a^o hereditary, and
thev tend to gain force by time rather than 1 ose it.
Under the oath which King Edward has juat taken,
undoubtedly with entire sincerity and cheerfulness,
he promises to preserve to the bishops and clergy and
the church "all such rights and privileges as by law"
appertain to them, to cause law and justice in mercy
to be executed, and to govern the people of the kingdom and its dominions "according to the statutes in
Parliament agreed on and the respective laws and
customs of the same."
elective,
This country is on its second century and has never
had an unclean Executive or one for whom we have
had to blush. Of modern and democratic England
King Edward is long practiced
the like may be said.
in public duties, and if kingship is figuratively a
sometimes calljd) the necessity of a
business and social training for it is assuming the
"trade"
(as it
is
and precedent. The people of the
United States can all the more join, with unreserving
heartiness, in the cry of "vivat" a ad in the prayer
that the new sovereign may have a long, peaceful and
force of tradition
prosperous reign.
ADVANTAGES OF TEE BOSTON TRUST
DEVICE.
Bostox, August 12 1902.
To the Editor of the Chronicle:
Sir: The development of the trust in the accurate
sense of the word ha3 been Interesting and seems to
be full of presage for future use in consolidations.
—
As
it
has been more widely adopted in
elsewhere your readers
may
Boston than
be interested in some
account of it. When I assert accuracy for my use of
the term "trust," it is because I wish to distinguish
two common and inaccurate uses of the word. Of
these there is first the "trust," in the sense of an
illicit partnership between corporations, such as was
the case with the first form of the sugar "trust."
And second the current use of the word as denoting
any powerful corporation, such as is more hilariously
Neither of these is a true trust.
called an "octopus."
they
alone
are
the things against which the
They and
AcorST
THE CHRONICLE.
16, 1903.]
315
In the light of experience of to-day certain defects
appear. The shareholders must have been personally
The real thing is the trust such as everyone has liable without limit for torts or wrongs committed by
experience of in trusts under wills. The principle is their officers, and a lawsuit about the property in bills
that the trustee should be toward the outside world of exchange or in money may sometimes easily be
completely in control of the property or enterprise made to "sound In tort," as the lawyers say. It may
antitrust laws are directed, but they are not trusts in
any correct nse of the EDglish language.
and should hold the results in trust for the bene-
And my
ficiaries.
subject
is
the application of this
principle as a substitute for Incorporation, resulting
under deeds, possessing all
powers necessary for a joint enterprise, and powers
fully equivalent to those which a State can grant to a
These trusts show in their
private corporation.
workings that only special franchises, such as those
in the public streets or of like kind, require any real
Otherwise legislatures have
favor from the State.
really nothing to grant to business men who wish to
make a joint adventure. Anything which one man
can do, these trusts can do and do as well as a corin the creation of
trusts
This idea, so broadly stated, may be surprising to some legislators who have been accustomed
to regard private corporations as created by and beholden to the legislature, and therefore to be faxed
But experience shows
differently from individuals.
that my statement is not too broad.
Although Boston has been the scene of the greater
devtlopment of these trusts, we are indebted to New
poration.
York and
the greatest of American statesmen,
to
—
Alexander Hamilton, for an early perhaps the earli
example of this conception and an important
est
—
application of
it.
I refer to
the articles of associa-
have been rather difficult to brlrg suits for the company in its name or style or in the names of all its
Perhaps Its bills and notes were so
shareholders.
framed that suits could be brought in the name of
I mention these difficulties
trifling they were.
few
and
In the
only to show how
main the problem of the time was well solved by that
strong and masterful mind.
You may think it strange that when I assert that
this trust idea is a Boston development I should mention a Philadelphian use of it as the next in date of
which I am aware. But such is the case. William
Bingham, the elder of the name, possessed in the
arly part of the Nineteenth Century great tracts of
land lying in various States of the Union. After his
death the interests became divided, and it seemed
likely that they would become still more divided.
Yet it appeared wise that the estate should be kept
together and mar aged as onewhde. Hence, at an
early date (1853) various reasons of convenience and
of title led the owners to convey fell their interests to
trustees and to form a land trust, which was substantially equivalent to a corporation for the purpose
This enof owning and managing this real estate.
terprise is carried on actively to-day under the same
its
President for
its use.
<
"Plan of the Merchants' Bank" which may be
found in his collected woiks (Congressioral Edition
VII., 838), and form a striking monument to the
At that time private banking
diversity of his genius.
was allowable. The New York Legislature was jealous of corporate banking and refused to grant charJoint- stock private banking was open to all,
ters.
but involved unlimited liability in every stockholder,
a difficulty recen'ly touched on in your review of the
history of the Batk of New York.
Under these circumstances Hamilton evolved the
first of the two great ideas of the modern trust, lim
ited liability, and the equivalent of corporate form
and power without assis ance from any legislature.
tion or
f
form.
And
its
organization marks the
the United States of which I
am
first
use in
aware of the second
the two basic principles of the modern trust.
Hamilton had accomplished limited liability. This
draughtsman applied the available body of law relating to trusts and trustees.
These are, however, only two isolated examples.
The unreasoning hostility of Massachusetts statute
law to real-estate-owning corporations drove the Massachusetts real estate owners to be the first who in
this country made a general practice of obtaining the
securities and advantages of limited liability and joint
enterprise through the use of the principles and law
of
of trusts.
In the Massachusetts " trusts," of which many exist
joint-stock private bank read: " It is hereby expressly to-day, the outer world deals only with a small body of
and implicitly declared to be the object of the per- trustees. For all legal purposes these gentlemen de&l
sons who associate under the style or form of the Mer- with the world as individuals, except that they offer
chants Bank that the joint stoc k or property of the only the security of the common fund or joint stock,
said company (exclusive of dividends to be made in and can only give that within the lines laid down by
the manner hereinafter mentioned) shall alone be re- the trust instrument.
In this instrument various
sponsible for the debts and engagements of the said well- drafted sections about limited liability, payment
The eleventh
company."
of these "articles of
And
association" for a
by other and strin for stock, the corporate purpose, transfer of shares,
gent provisions, which by admirable draughtsmanship etc etc., supply the places both of the sections of
this is followed
,
must
fully protect the shareholders.
Suits are to be
brought against the President only as the representative of the company
a device still to be found in
NewYoiklaw. "AU persons dealing with the com
pany agree to these terms and are to be bound thereby." All contracts declare this immunity, and the
officers have no power to make any contracts or bind
the enterprise in any way unless this is incorporated
in them.
It is to be in every pass-book.
The shares
—
are
made
their
and of the charter of
Within the concern these
tte ordinary corporation statute
a private corporation.
trustees are in turn responsible to their beneficiaries
or shareholders along the
same
same
lines
and with the
the directors of a corporation are
reponsible to its shareholders. In fact it is probable
that there is nothing in the enabling statate of any
State relative to private corporations which cannot be
exactly reproduced in a trust agreement. But while
results
as
Directors and officers and within eaoh State its corporation law is more or less
are provided for, and the complete inflexible, the flexibility of the trust offers a choice
transferable.
election
woiking scheme of a corporate enterprise is there, limited only by the English language. A single exready for use, with no sponsor but the draughts- ception is needed to this broad statement.
The
man.
trustees are personally liable for torts or wrongs, Inde-
THE CHRONICLE.
316
pendent of contract. Of coarse they are entitled to
indemnity out of the trust fund, and only a foreclosure of a mortgage on it or a general fail are of assets
can make the question a practical one. Twenty years
ago that might have been a serious hindrance to the
use of a trust, for instance in a great manufacturing
plant with many personal injury cases. To-day liability insurance with the premium paid in advance
practically disposes of that one remaining question.
From its small beginnings the trust has grown in
Boston to a wide development. The monthly quotation list of the leading firm of brokers in Boston who
deal in real estate trust a ad corporation stocks quotes
as active the stocks of fifty trusts
and
of only
two
cor-
These trusts have an aggregate capital of
bond and mortgage debt, of fifty millions, practically all quoted
above par, and among them one may recognize several
which own and manage land in various States of the
Union. I notice that you have recently found it
needful to make a place for the stocks of the same in
your Bank and Quotation Supplement. So far as
I know, these trusts have gone wherever they chose,
finding the local law always sufficient and proper for
porations.
thirty-eight millions, or, including
their needs.
They are not open to the rule that a foreign corporation must submit to the local regulations of each
new State it enters. No franchise or privilege taxes
await them, no attack on "foreign corporations."
And
in this respect they are to a great extent secured
by the Oonstitution of the United
ment provides
States.
That
instru-
" the
(IV, 4), that
citizens of each State
shall be entitled to all the privileges and immunities
of citizens in the several States," and it is confidently
asserted by counsel that no State can, in view of this
clause, limit the powers or privileges
of
the trustees
of such a trust who come from another State to do
business within its borders except by a statute which
imposes a like restriction upon its own citizens as inSuch constitutional protection, even if the
dividuals.
not
quite so broad as it is stated, is a very
be
law
great security in these days of sandbagging and black-
mailing of foreign corporations.
The trusts quoted are mainly those which own real
A member of the legal profession of
estate for profit.
international reputation is reported to have given an
opinion that their shares are therefore real estate.
The bearing of this upon local taxation and on the
recent United States inheritance tax limited to personality
is
obvious.
After a time, however, as trusts increased they
to be applied to ordinary business ventures
where some special reason existed. For instance, an
archaic provision of Massachusetts^ general corpora-
came
tion law forbids business corporations with capitals of
more than a million dollars. And when the Ludlow
Manufacturing Company desired to Increase its capi
tal beyond that limit those concerned formed a trust
of like name, which has purchased all the property of
the corporation and now carries on its business with
an appropriate capital. The two largest trusts, however, are the Massachusetts Electric Gompanies, a
street railway venture, with a nominal capital of
thirty-two millions, and the New England Gas &
Coke Company, with a nominal capital of thirty-five
millions, soon to become the Massachusetts Gas Gompanies, a gas and coke manufacturing plant, whioh is
also heavily interested in the Boston gas distributing
corporations.
[Vol.
LXXV.
The Massachusetts Electric Companies is a trust
which holds the stocks of the franchise-owning street
railway corporations
common
and
issues its
stock against them.
own
preferred and
This, by the way, illus-
again both the archaic character of certain
Massachusetts corporation law and the
flexibility of the trust, for where the law allows no
preferred stock at all in our State, the trust form
trates
parts of the
allows of any preference or classification which
may
be desirable.
Most interesting of all, however, in the nature and
magnitude of the enterprise carried on by a trust, is
the New England Gas & Coke Co.
I shall write here
only of its trust feature and little, if any, of its other
vicissitudes, although its failure is interesting as
showing that a trust oan fail and be reorganized as
easily and as neatly as a corporation.
Its origin as a
trust was due in part at least to a fear of misconceived governmental interference. The risk that either
the Legislature or the Board of Gas & Electric Light
Commissioners would interfere inadvisedly was great
enough to be a very serious matter and to deter capital from a corporation which would have been subject to legislative Interference and to the powers of
that commission.
Another consideration was that
the promoters desired to consolidate the distributing
or franchise-owning companies, and that scheme, in
ordinary corporate forms, would have found it hard
to pass the many legislators and commissioners whose
concurrence would have been made necessary. Simple articles of association accomplished the whole
result, and the operation under them has proved that
the trust system is fitted to the largest enterprises.
Where general corporation laws are fair to the public and to the stockholder, where they impose no tax
or limit on the many shareholders of modest means,
whom such a combination represents, which they do
not also impose on one multi-millionaire doing a like
business on his own account where the statutes
merely prescribe the means to the end of a profitable
there will probably b3 little growth of
joint venture
B at where corporation laws are archaic,
these trusts.
where private enterprise is seriously taxed on the false
ground that the State confers a greater favor by
allowing two or more to do an otherwise indifferent
and permitted thing, there the Massachusetts development of a trust will spread and grow. The limited
liability of its stockholders has been sustained by the
Federal Courts, the rest of its machinery only applies
the simplest principles of trusts under wills such as
any layman is familiar with, and the skill of the
draughtsman will supply all that can be desired to
It is to be hoped that a proper
the largest enterprise.
appreciation will be shown of what corporations,
because of this situation, do not need from the legisAnd it is sincerely to be hoped that the comlature.
munity will become more reasonable about enterprises which involve the joint venture of capital by
shareholders, but which are private concerns; and that
both the general community and the legislatures will
understand how lit tl 3 the State ought to interfere in
such matters and how costly interference may prove
if it is sufficiently extended to hamper the many in
combining for joint ventures. I believe joint and
corporate enterprise is the best protection the community can have against the power and the possible
oppression from large individual capitalists. And I
submit that if the ignorant in the community go on,
as they are now doing, toward making things easier to
—
—
—
August
THE CHRONICLE.
16. 1902.
be accomplished by single great fortunes than by
many modest shareholders nnited together under the
sanction of the law, they will have a heavy reckoning
The
to pay.
if
we
contrary should be the case.
Capital,
are to bave a peaceful democracy, should be a
own a share to the
same advantage as the millionaire. To this end these
They are educating
trusts are doing a good work.
the community up to a proper idea of the nature of a
thing in which the laborer can
And meanwhile
they offer a security
and a freedom which the community ignorantly denies
joint venture.
to private corporations.
Richabd W. Hale.
THE BUFFALO ROCHESTER & PITTSBURG
RAILWAY.
The
Buffalo Rochester
&
317
improvements and betterments. Tnis
policy was continued during the late year, nearly half
the $1,274,265 net income being appropriated to that
purpose. In brief, the company charged against income no less than $583,562 for extraordinary expenses and improvements and for construction and
equipment. This appropriation of $583,562 represents the principal of all car trust bonds paid off during the year, amounting to $128,000, and the entire
expenditure for construction on the lines owned and
on proprietary roads, with the exception of $220,271
transferred to the debit of profit and loss account.
In the case of one of the larger systems, the appropriation of close on to six hundred thousand dollars
out of earnings for such a purpose would not be
making
of
specially noteworthy, but for a road of the size of the
Buffalo Rochester
Pittsburg Railway
Com
OEly a
little
&
Pittsburg,
earning altogether
over six million dollars gross,
it
is
ex-
panyhas favored us with an advance copy of its an- ceedingly significant. The secret of the company's
nual report for the fiscal year ending June 30 1902. strength and continued prosperity lies in that fact.
This is one of the smaller companies which has quite As indicating the efficiency of management attained
a prosperous record. It is a very large carrier of through the application of money in that way and
bituminous coal, connecting Buffalo, Rochester and through careful attention to the lading of the trains,
Charlotte, N. Y., with the coal fields in "Western Pennsylvania,
and
its
success
is
to be attributed to the wise
taken at low rates) at a minimum of cost. A few
years ago these coal rates were down to an extremely
low figure, but under the great industrial revival
which has occurred, and with a better understanding
among competing coal
on a more satisfactory
again a falling
off,
of freight)
have since been
be surpristwelve months there was
carriers, rates
level.
ing to learn that the last
classes
Still it
may
the average per ton per mile
having
dropped to
5*05
(all
mills,
against 5*46 mills in the twelve
Two
years previously,
months preceding.
however, the company had
no more than 412 mills per ton per mile.
Under the improvement in rates and the steady
pansion in the volume of traffic, and 'Abo some
realized
be
made
mile to the high figure of 423*61 tons. This is the
result, excluding the mileage of helping engines; but
even with the mileage of these engines included, the
average stands at 353 tons.
After deducting the $583,562 applied in special
appropriations, there remained a surplus of $690,703.
Dividends at the rate of 6 per cent on the preferred
stock and 4 per cent on the common stock took
$600,000, still leaving a balance in the amount of
Authority was given last November to in$90,705.
crease the stock (which now consists of $6,000,000
common and $6,000,000 preferred) by the amount of
$3,000,000
$1,000,000 was issued July 1 1902 in exchange for the
same amount of convertible debenture bonds can-
the collieries having been idle for a
period of sixteen days in that month from April 1 to
April 17. It is estimated that in conseqence the coal
of
—
common
can Exposition at Buffalo. Passenger revenues for
the twelve months increased $141,750, in part as a re-
stcck.
Of the additional stock,
celed and on July 23 1902 stockholders were advised
that $1,300,000 additional
common
stock would be
Another
$1,000,000 4£ per cent twenty- year gold bonds was
issued to pay for certain
new
extensions.
also authorized during the last year to provide for ad-
ditional rolling stock, of
which the company
is still
in
need, notwithstanding the similar additions of previous years.
Only $674,000 of these bonds were sold
during the year, making the net addition to the
bonded debt (after allowing for the $128,000 car trust
bonds retired out of earning?) $546,000. On account
of the increase in traffic the company is also putting
in second track at a number of congested point?, the
limit of economical operation on a single track having
and coke tonnage of the company was reduced 250,000
tons.
As illustrating the growth of the traffic,
despite these adverse influences, it should be noted
that there were increases in the tonnage of all commodities except anthracite coal and products of the
been reached.
forest.
The company had one advantage in the late
year which will not be repeated in the current year,
namely the extra passenger traffic to the Pan-Ameri- RAILROAD
sult of that circumstance.
of tons carried one mile per train
in-
road operated, revenues have
been steadily rising. Even in the late year there was
a further addition of $482,627 (bringing the total of
the gross up to $6,313,246), notwithstanding the decline already noted in that period of twelve months
in the average rate received, and notwithstanding
some other drawbacks. Among these drawbacks may
be mentioned a strike at the mines along the line in
many
to the large average train load
ex-
crease in the extent of
April,
may
which has been reached. In the late year there was
a further addition of 18 tons to this train load, raising
management in putting the road in conmove this coal tonnage (which has to be the average number
policy of the
dition to
reference
GROSS EARNINGS FOR JULY.
Railroad gross earnings (speaking of the roads as a
whole) continue to record noteworthy gains. The matter is deserving of more attention than usual because
The net income also keeps expanding. For the late the roads are not yet getting any of the traffic from
year the total of this net income was $2,681,241, the extraordinarily large grain harvests which seem
against which the requirements for charges were only in prospect this season.
"We present to-day our usual
$1,406,976, leaving a balance in the sum of $1,274,- preliminary compilation of the gross earnings of
265.
The company has long made it a practice to United States railroads covering the month of July—
apply a large share of its available net income to the so far as it is possible to procure returns thus early
...
.
1
.
'
THE CHRONICLE.
318
LXXV.
[Vol.
shows an increase of $4,347,381, season a good spring-wheat crop as compared with a
or 7 65 per csnt, as compared with the large total of very poor spring-wheat yield the previous season.
the corresponding month last year. The further im- But it must not be supposed that because of this
provement was effected in face of a falling off in both poor crop in the previous year these roads in July
the grain and the live-stock movement in the West 1901 had shown a loss in earnings. On the contrary
the Great Northern then had $415,711 gain, the
and of the cotton movement in the South.
It is proper to say that none of the anthracite coal Northern Pacific $456,893 gain and the Canadian
roads are represented in our tables (these roads never Pacific $380,285 gain.
Bat in other parts of the country the record is also
furnishing early statements of approximate figures),
so the influence of the anthracite miners' strike, one of continuous improvement. Thus, if we turn to
which continued throughout the month, is not re- the South we find the Southern Railway favored with
flected in the figures given. As to the bituminous min- an addition of $288,211 the present year and the
ers' strike in Virginia and West Virginia, that has had Louisville & Nashville with a gain of $349,075, both
some curious results. In our table there are two roads after very considerable increases last year and the
running through that territory, namely the Norfolk & years before. The Norfolk & Western, as already
Western and the Chesapeake & Ohio. The latter has noted, also has a large increase namely, $237,262.
The Norfolk & As pointed out above, the bituminous coal miners'
suffered a large loss in earnings.
Western on the other hand, notwithstanding the strike in Virginia and West Virginia operated to the
The ex- advantage of the Norfolk & Western, since its own
strike, records an exceptionally large gain.
planation is that at the mines along the lines of the miners having returned to work while the Chesapeake
Norfolk & Western the strike proved a failure, the & Ohio miners remained oat, the shipments over its
men quickly returning to work; and with the Chesa- lines were heavily increased.
peake & Ohio miners remaining on strike the conseIn the Southwest there are a few roads which have
quenoe has been that the shipments of coal over the fallen behind in their earnings, the Missouri Pacific
Norfolk line, instead of being decreased, were actually and the Texas & Pacific being among the number.
quite heavily augmented.
Bat on the other hand the St. Louis & San Francisco
The improvement of $4,347,381 which our com- has $177,621 increase and the Missouri Kansas &
and
this compilation
—
month
pilation for the
derives additional
discloses
Texas and the St. Lonis Southwestern also managed to add small amounts to their large totals of last
year, notwithstanding the severe crop shortage which
was experienced last season in the Southwest. In the
Middle Western States and in Eistern Trunk Line
territory the gains are less exceptionally large, but
nevertheless in most cases there is a fair improvement
In the following
over last year's noteworthy figures.
we show all gains and also all losses in excess of $30,-
from the fact that it comes after sac
same month of other
years.
In July 1901, particularly, the gain had been
large, the amount of the addition at that time having
been $6,515,026, or 14*06 per cent. In the sam6
month of 1900 the increase was not quite so striking,
reaching then $2,798,468, or 6*07 per cent. But in
July 1899 the increment had been $7,154,071, or al
most 17 per cent. In fact we would have to go way 000 in amoant.
back to 1894 and 1893 to find a period when there
PRINCIPAL OHANGH8 IN GROSS BARNINGS IN JULY.
Increases.
Increases.
had not been an addition of some kind, large or
$778,246 Seaboard Air Line
Great North'n System
$47,543
643,309 Ala.N.O.&T.P.(3r'ds)
45,222
small.
The further improvement the present year is Northern Paciflo
Baltimore <& Ohio
388.874 Wheeling & Lake Erie
40,402
349,075 Buff. Rooh. & Pitts....
supplementary to all these increases in the years from Louisville & NashvUle
39,271
312,545 Denver & Rio Grande*
Canadian Pacific
35,700
1895 to 1901 inclusive, as the following table will Southern Railway
288,211 Wlsoonsln Central
80,384
237.262
Norfolk A Western
significance
cessive large increases in the
show.
Gr.
8t.
Gross Barnings.
Mileage
Tear
Given.
Pear
Preceding
July.
1893 (134 roads)
1894(183 roads).
1895 (117 roads).
1896 (126 roads).
1897 (132 roads).
1898 (196 roads)
Mile*.
Miles.
92,711
92,611
90.616
91,962
94,387
93,193
96,605
90,942
1899(111
1900 ( 99
1901 ( 88
1908 ( 79
roads).
94,980
roads).
93,578
roads)
roads).
91,846
91,718
Jan. 1 to July 31
1893 (131 roads).
1894 (119 roads).
1895 (113 roads)
1SJ96 (181 roads).
1897 (ISO roads)
1898 (185 roads).
1899 (108 roads)
1900 ( 99 roads)
1901 ( 85 roads)
1902 ( 78 roads)
93,467
91,918
93,168
90,918
96.048
90,920
94,601
93,578
88,374
94,573
Increatt
Tear
Year
or
(tiven.
Preceding.
Decrease.
t
40,018,932
41,628.155 Dec. l,60-i,193
29,730,0-iS
37.842,917 Dec. 8.112859
93,995
92,413
95.286
37,516,044
90,417
93,906
39,401,0(^6
82,235,009 Inc. 5,221,035
88,601.094 Inc. 1,418,997
41,056.206 Inc. 1,999,181
88,822,059 Inc.
579,086
42,625,376 Inc. 7,154.071
90,528
89.891
92,917
48,884,012
52,849,646
61,197,848
46,085,544 Inc. 2,793,468
46,334.610 Inc. 6.515,026
56,849,967 Inc. 4,347,381
90.372
91,315
92,876
8:8,169.695
230,149,425
219.799,114
251,810,255
279.840.154 Inc. 8 ,629.541
278,167.472 Dec.48, 018,017
237,626,588 Inc. 11 ,172,531
288,9H,717 Inc. 15 ,891,608
90.118
39,923,091
48,055,837
49,779,448
94,729
90.895
93.530
874,635.194
90,538
89,419
92,808
338,411,873
317.871,965
400.633,078
87tS,2i0,565
821,435,H82
Note.—We do not include the Mexican roads
$
272,821,160
247,351.716
298,502.817
299,297,482
288,690,t07
369.655,81
Inc. 1 ,814,031
Inc.89, 889,819
Inc. 22 933.C65
Inc 37, 144 461
Inc. 29, ?81.0"8
Inc. SO 977.737
Trunk Sys.
(3 r'ds).
Louie & 8an Fran..
Wabash
Illinois Central
Nash. Chat. & St. L...
Minn. St. P. &8.8t.M.
New York Central
Central of Georgia
Hooking Valley
Chic.
<fc
East. Illinois.
Mobile&Ohio
Yazoo
*
& Miss.
VaUey.
Total (representing
3 o roads)
223,452
177,521
169,190
116,253
111.042
102,301
96,742
93,325
84,060
65,678
51.639
49,807
$4,577,054
.
Chesapeake & Ohio.
Mo. Paollio & Iron Mt.
Central Branch
Chic. Great Western..
Texas & Paciflo
$327,903
98,000
50,000
63,580
57,475
Total (representing
5 roads)
$596,908
.
Includes Rio Grande Western.
As already indicated, the grain movement in the
West did not come up to that of last year. The corner in corn and in oats at Chicago acted to draw much
of the two kinds of cereals to that point, but the
wheat receipts at Chicago
short of
fell
several million
the previous year, though at a
other Western points the
those of 1901.
wheat
Taking wheat, corn,
bushels
number
arrivals
of
exceeded
oats, barley
and
weeks ending
August 2 at the principal Western primary markets
rye together the deliveries for the five
were only 51,783,370 bushels in 1902, against 52,919,In the case of the separate roads the expansion in 321 bushels in the corresponding five weeks of 1901.
revenues reaches in many instances noteworthy pro- The difference, it will be seen, is not very large,
portions.
The Northwestern trans-continental roads amounting to only a little over a million bushels. Bat
are on the whole most conspicuous in this respect. in order to fully understand how small this year's
Thus the Great Northern Bystem has added no less total was it is necessary to recall that the figures for
than $778,246 to its total of last year, the Northern 1901 with which comparison is being made were themPacific $643,309
Of course
and the Canadian
in that part of
In
any of the years.
Pacific
$312,545.
the country there was
last
selves very small.
up
to
Last year our statement was made
show only the four weeks instead
of
the five
b
.
August
.
THE CHRONICLE.
1902.]
16,
319
weeks, and for these four weeks the aggregate of the deliveries of hogs at the four point? foot up only 823,was fouud to have been about 4£ 432 head in July 1902, against 1,461 ,013 head in July
million bushels below the total for the same four 1901; the deliveries of cattle, 581,733, against 684,weeks of 1900 and nearly 16 million bushels below the 087, and the deliveries of sheep, 579,138, against
total for the corresponding four weeks in 1899.
The 588,985,
receipts at that time
movement
grain
two years in our usual form
for the
appears in the following.
KSCBIPTb Or FLOUB AND GBAIN FOB FIVE WSBK8 ENDING
AUGUST 2, AND SINCE JANUABT I.
Tlour,
Wheat,
Corn,
(M>1».)
(buth.i
Cbttth.)
Oats,
(bush.)
Barley,
Rye.
(bush.)
ibush.)
Chicago—
6
wks. July 1902
5 wks. July, 1901
Since Jan.l, 1902
Since Jan.1. 1901
431,8^3
4.3f-9.266
7fc9,572
7.571.054
12,937.813
31,908.947
4,81S,M88
5.863.675
6.995.876 7,313,436
812,876
7.019.727 5,776,617
178,917
86,676,431 85,684.861 5.646.S2C
68,026,667 54,657,145 5.159 378
162.888
189,293
739,713
1,168,792
Milwaukee—
399.467
878,270
31nceJan.l,1902
81noe Jan.l. 1901
1.668,617
1,384,830
8t. Louis—
5 wks. July. 1902
5 wks. July, 1901
81nceJan.l. 1902
3tnce Jan. 1,1901
197.365
187,624
1.199,265
1,167,166
810 400
649,400
4,333 4'H
5,834.650
fl.478,776
8,213,683
11.095,821
12.H52.817
695.400
138.421
324,00(
4.032,601
4.328,501
127,800
141,660
8,749,200
3,545,050
29.200
47,850
469.200
609,760
859,730 1.255,660
1.191,880 1.437,10)
8,835,355 10,760,705
18576,835 8.601,881
1.103
8.250
628,94 1
676,760
88.880
194.066
854,611
15,817
9,584
213,916
81,000
121,977
88.340
831,071
368.100
2,109,470
2,847,800
The
shipments overland were
only
17,803 bales,
details of the movement
The
against 66,490 bales.
Southern ports are shown in the following
at the
1902
1901
1903
1901
36,862
3.550
660.249
2.758.987
1.3S3.V93
8,942,381
3,472.574
244.700
773.301
3,153.33
7,181,848
S74.9C0
2.1.855
2,336,716
1,815.95
86.800
44, 00
187,850
198.916
Cleveland—
5 wks. July, 1902
5 wks. July, 1901
113.6S6
Since Jan.l, 1902
Sinoe Jan.l, 1901
462,660
1,927
439.8C1
332.48"
1.104,535
1.202 21)
Since Jan.l, 1902
Sinoe Jan.l, 1901
qal vesto n
85.500
51.825
621.210
608.0J6
B10.850
271.P50
1,622,9-6
549,000
742,000
602,500
1,830.62?
1 480.851'
8,648.300
2,039,035
8.780,666
7,941,126
44,48f
4.829,784
5,421.050
4,770,550
37.0<:6.10l>
140,971
836.671
2,178,885
3^.620,534
1.192.860
1,877,300
10.411.43W
10.183.000
1.131,800
910,000
7,103,7t»r
7,904,201
600
£2,344
148
40,938
33,716
632
589
7,041
8,546
9,015
993
1,836
1,745
5.616
63
621
860
1,216
48
S83
2,21)
64,667
61.496
60
68
78,680
176
Norfolk
4,837
17,633
19,98f
159,705
164,674
Newport News, &o
1,698
1,155
1,926
26,098
6,748
61.409
141.003
&o
Total
Since Jan.l, 1901
liinn/apolis—
5 wks. July, 1902
5 wks. July, 1901
Since Jan.1, 1902
Since Jan.l, 1901
7.202
7,091
197,934
882.046
148.0S6
33,067
64.023
39,953
299.931
5,899,640
538,050
642,701
2,873,730
6,740,942
50,930
21.S80
743.6-0
862,670
4,198.400
939.900
1,447,200
4.9-15.800
1.253.934
8,459.000
9,968 »00
8,632.584
604,400
4.800,0(0
2,723,603
24,165
53 510
282 009
22-370
Kansas
Oiti/—
5 wks. July, 1902
5 wks. July, 1901
Since Jan.1, 1902
Since Jan.l, 1901
10,056.201
lotalnf all5 wks. July, 1902 2.C04.971 26,514.109 11,010,020
6 wks. July, 1901 2.101.178 28 004.160 1^,952,638
Since Jan.1, 190211,4< 4.765 90,990,054 67.084.054
Since Jan.1, 1901 ll,y.<4,0t:3 109,233.916 115.490,487
4,000
431,30r
18,526.421
10.923,195
887,065
73.181,001 11,639,36)
103470822 10,897,011
301.514
5y2,273
1,882,771
3,011,625
1,600
920,031'
16.971
460,860
64,373
833.489
79,880
81,970
442,023
101.634
389,583
70,184
49,336
61,943
96,247
178,198
33,170
P7.P6& 8.348.163 2,693,908 2.883.636
we furnish the following
earnings
for the principal
six-year comparison of
roads, arranged in groups according to their location.
To complete our
1.698
1900.
18.117
Wilmington
Washington, &o
Buluth—
5 wks. July, 1902
5 wks. July, 1901
3ince Jan.l, 1902
792,822
29.363
l,f53
Jjc
jharleston
Port Royal,
24.6)0
36,000
119,000
125,100
1.
26.184
Brunswick,
37,400
18,400
715.8U0
1,003,160
1901.
8,808
Savannah
6.663.34:
1.863
1902.
6,000
829 502
1.410807
48.2P9
Sabine Pass &o
NewOrleans
1,803.120
1,6H. 56
407,004
687,346
8,687,539
5.272,55*
1900.
654,186
63,258
829.646
83,017
108.081
816,183
48,987
61.846
939,6*1,747,84:
365.992
*96,298
2,928,613
1901.
6,025
bales
.
880.671
Peoria—
5 wks. July, 1902
5 wks. July, 1901
1902.
132 032
176 940
576,974
554.42
1,688,46*
Since January
July.
Ports.
Mobile
Pensacoia, Ac
.Detroit -
1902
1901
1902
1901
BBOEIPTB OF COTTON AT SOUTHERN POBTS IN JULT, AND FBOM
JANUABT 1 TO JULT 31, IN 1902, 1901 AND 1900.
32270
ToUdo—
5 wks. July,
5 wks. July,
Since Jan.l.
Since Jan.l,
the cotton movement in the
South, it is not expected of course that the movement
will be heavy so late in the cotton season.
At the
ontports
Southern
the receipts the present year were
only 51,409 bales, against 141,003 bales in July 1901.
to
table.
5 wks. July, 1902
5 wks. July, 1901
5 wks. July.
5 wks. July,
Since Jan.l.
Since Jan.l,
With referonce
Every group,
analysis,
be noticed, shows a larger total
of earnings for 1902 than for 1901, though in one or
two instances the further increase the present year is
slight.
The group distinguished for the most noteworthy improvement is the Northwestern, by reason
of the large increases already referred to for the Great
Northern and the Northern Pacific.
it will
EARNINGS OF MIDDLE AND MIDDLE WESTERN BOADB.
For Chicago we also have the figures for the even
month, which we give in the table balow. This enables direct comparisons to be made with 1901 and
the years preceding, but the result only emphasizes
the point already made as to the small extent of the
receipts the present year.
It appears from the table
that the deliveries of wheat, corn, oats, rye|and barley
were 17,121,001 bushels, against 18,188,140 bushels in July 1901 and 19,705,613 in July 1900;
going back to July 1899, it is found that the|total then
was 27,335,847 bushels.
in July 1902
RECEIPTS AT OHIOAOO DOKINO JULT AND SINCE JANUABT
Since January
July.
1902
1901.
1902.
1901.
1.
3,792 528
6.630,558
8.699.784
6,397,082
11,079.814
26,146, 42
57,082,030 87,056,992
6,396,186
4,840,076
6.060.696
34,618,811
54,820.599 51,731,238
141,238
191,875
166,804
91,141
688,688
1,187,103
1,101,832
164,250
285,470
6,480,670
5,103.498
8.430,374
Barley.bush.
Total grain 17.121,001
Flour., bbls.
393,680
2.249.692 18,188,900 81,074.426
18,188.140
19,705.618
481.838
611
Pork....bbls.
1.1J5
741,787
33i
Cutm't8.1bs.
8,181.180
17,788,316
13,740,666
Lard
lbs.
8,466,698
4,686,00)
LivehogBNo
490.936
8,260,836
680.208
The foregoing
588,107
63,481,421 186,157,852 109,568,648
86,783,774 68,810,468 36.780.C49
6,161,537
9,883,479
6.000.233
observed, contains
movement,
statistics
end indicating the receipts of provisions and
live hogs.
The number of head of hogs received this
year in July was only 490,936 as against 680,202 in July
1901 and 703,146 in July 1899. Moreover, the showing
for Chicago in this particular is no different from that
of the other principal live- stock markets.
Combining Chicago, Kansas City, Omaha and St. Louis, the
at the
Pitts
&
L.Erie..
Clev. Can.
&
i
1900.
$
139,962
131,117
557,439
470,062
475,688
407,64 J
Total
1899.
1898.
1897.
1
133,946
268,678
386,078
t
110,769
836,245
321,008
294.615
1
100,414
340,326
115,142
315,782
8,381.790
697,640
7,474,853 7,013,605 5,996,941
5,341.425
884,214
Results on Yazoo Branch are not included after 1897.
These figures are simply the totals of the Chicago &
troit
3rand Rapids
July.
1,984,075
C
177,738
113.166
(
60,988
4,604,427
4,307,309
71,304
West Michigan, De-
& Western and Flint* Pere Marquette combined.
BABNINGS OF SOUTHBBN GBOUf.
1908.
1900.
t
181,876
t
167,086
428,702
1,051,165
208,411
863.342
670,017
$
149,686
623,084
Ohesap.&Ohio...
Oln.N.O.&Tex.P.
bouliv. & Nash v.
1,018,808
1,316,708
1,198,634
t
1899.
1901.
Gt. So.
Cent, of Georgia..
Alabama
326,657
273,87
303,294
109,500
155,986
+419,965
131,238
115,874
69,800
182,937
71,451
42,348
131,196
150,670
168,239
87,000
174,291
214,618
824,6ie
99,582
193,980
2.052.074
+491.118
157,901
220,399
|
So.
0,784.683
79,1*3,911 138.712,656 138,045,019
4,408 626 11,192,705
6,828.138
3,265
5,084
8.252
table, it will be
besides the figures of the grain
Wheel.
t
1900.
&
C
139,9)3
586,710
536,740
1901.
379,245
322,968
398,018
123,222
109,476
182,766
Hocking Valley...
429,936
380,923
513,996
Illinois Central *. $3,292,005 8,175,752 2,636,890
Pere Marquette...
743,920
670,088
772,547
St. Ij. Van. & T. H.
173,257
159,353
180,700
212,317
Tol. A Ohio Cent..
240,646
265.062
93,961
102,401
Tol. Peo. & West.
91,933
167,682
280,828
201,990
Tol.St.L.&West.
+
1900.
Wheat bush.
...bush.
Buff.Roch.
1902.
Chicago & Bast 111.
Chio.Ind.4 Louisv.
Evansv.ATerre H.
1.
Corn., .bush.
Oats... bush.
Bye
July.
1898.
t
1897.
r
183,857
131.911
957,700
812,608
359,149
473.079
452,946
481,786
397,683
449,685
961,589
400,539
8,660,465
3,311,390
2,053,721
8,166,220
1,887,687
1,796,457
Mobile & Ohio....
+558,2J2
Nash.Chat.A St.L. *788,247
Norfolk 4 West.. 41,528,860
Southern Ry... >
c3,204,957
St. Louis Div. )
+606,633
•885,805
+481,227
*609.858
+180.7S6
•548.776
+841,146
899,144
9,707,833
9,030,132
6,036,69&
Yazoo & Mlss.Val.
Total
460,112
1,291,698
2,916,746
410,305
11,506.578 10,613,421
480,877
892,409
865,271
1,068,184
i,27e,66t*
t 2,879,185 8,114,130 1,6j7,674
8,676,868
124,824
125,591
147.003
I
249,632
297,747
881,463
316,711
649,531
7.210.779
Includes Montgomery Division for 1902, 1901, 1900 and 1899.
Includes Paducah & Memphis Division In these years.
6 Freight on material carried for company's own use is no longer credited to
earnings, the item having been eliminated from both earnings and expenses.
The figures for 1902, 1901 and 1900 are given on this basis.
c Figures for 1902, 1901, 1900, 1899 and 1898 Include South Carolina *
Georgia, Mobile A Birmingham and 161 miles of Atlantic & Yadkin and
Atlantic & Danville. Memphis Division included for all the years.
a Figures for 1902, 1901 and 1902 include Cincinnati Portsmouth & Virginia.
+
*
>
1
1
. .
..
.
.
THE CHRONICLE.
320
>...
...
.
[Vol.
Bros* Earning i.
EARNINGS OF TRUNK LINES.
tltunc of Eoaa.
& Ohio
2,315,000
607,234
2,245,492
635,993
1,146,053
170,870
1,254,798
165,828
1.09<t,65S
122,388
130,174
( 1,768,089
1,704,026
1,501.854
1,657,958
321,682
(
90,032
5,391,395
5,910,096
286,450
95,991
280,462
79,138
4,435,407
8,420,748
1,552,310
1.350.1C4
1,278,186
l,07i>,211
256,003
70,894
3,771,088
070,635
16,298,023
18,986,383
12,615,416
10,451,484
10,746,898
(
(
|
C.C.C.&StL
1.567,473
204,859
Peo.&East
G.T.of Can.
Gr.T.West > 2,583,422
204,555
2,385,970 <
6,036,838
1,721,580
17.147,863
..
1,362,648
1,596,195
D.G.H.&M
N.Y.C.& H+
Wabash....
$
$
$
k Figures for 1902 and 1901 seem to include Pittsburg & Western and other
recently acquired roads.
t Boston & Albanv included in 1902, 1901 and '900, the Beech Creek RE, and
the Wallkill Valley RB. for all the years, and the Fall Brook system after
1899.
EARNINGS OF NORTHWESTERN AND NORTH PACIFIC GROUP.
July.
1902.
1901.
1
$
Canadian
Pacific.
1900.
2,851,455
3,184.000
f
8,471,170
18C9.
1897.
2,385,825
$
I
2.107.002
2,051,863
858,506
169,411
Ohio. Gt. West...
605,29t
641,050
488,500
891,126
641,766
Duluth S.S.&Atl.
267,317
173.925
265,627
244,427
838,433
3.459,815 2,679.658 2,263.847 2,866,030 1,848,092
Great Northern..
196,922
185.3I-5
Iowa Central
204,290
177,177
166,389
251,298
150,682
Mlnn.& St. Louis.
308,214
297,401
240.160
426,938
629.23S
358.867
398,616
289,976
M.8t.P.&8.S.M.
62,486,669 62,019,960
North. Pacific.
63.833,374 63,190,065 2,738.172(
126.460
St.PaulA Dul.
162,815
80,988
St.Jo«.& Gr. I si..
fcl36,335
109,466
132,078
135,835
406.795
Wisconsin Cent'l.
450.205
499,490
499,716
530, IOC
1,778,819
Seaboard Air Line. ..
Southern Indiana
Southern Railway.
So. Haven <fe Eastern
T.Haute & Indianap.
A
Peoria...
Texas Central
Texas & Pacifio
Tex. Sab.Val. & N.W.
Tol. A Ohio Central.
Tol. Peoria* West'n.
Tol. St. L. & West....
Toron. Ham. & Bufl..
134,421
Wabash
179,487
829,493
& Lake Erie..
Wisconsin Central...
Yazoo & Miss. Yal...
1,840,881
.
Wo Grande South'n.
&
A
&
Ban Fran. A No. Pac.
St. Louis
Gulf
St. Louis
3. Fran..
St. Louis Southwes'n
St. L. Van.
T. H...
Haute
126,181
Wheel.
Total (79 roads)-.
*
12,973,383 11.118,571
9.58^.889
Includes the earnings of Spokane Falls
&
9.433,842
Northern for
7,581,468
7.674,731
1902, 1901. 1900
and
1899.
*
1899.
1C00.
Den.&R.Gr.
B.Gr. W.J
1,488.900
lnt.4Gt.No..
Mo. K. & Tex.
Mo.P.4Ir.Mt.
810,277
828,896
1,271,659
1,255,044
S
953,653
390,973
891,679
944,940
3,056,000
3,204,00 a
2,575,967
>
1,453.200
Bt.L.&S.Fr.
K.C.F.S.& M.
1,803,860
1,686,839
* 1,318,307
F.W.&R.Gr.
1898.
497.536
342,472
30,634
24,701
370,223
19,661
369,203
334,713
479,849
466,638
B.778.4»l
6,762.980
467,835
Texas & Pac.
686,279
748,754
693,118
488.144
681,133
9,143,244
9.117.987
7.635.362
6,460.174
Ft.
July
1,
1900, includes
Worth & Rio Grande.
Kansas City
528.496
661,945
414,041
507,855
After
It
Ft. Scott
Oross Earnings.
Alabama Gt.South'n.
$
202,441
181,876
176,065
72.534
86.664
139,943
18,574
151,731
70,39
67.919
139,962
9,074
5,027,741
4,638,867
Ala.N.O.ATex.Pao.—
N. Orl. & No. East..
Vioksb. Shr.APac
Ann Arbor
Atlantlo
A
Ba'timore
Blrm'h'm.
&
Ohio.. >
Bait.
O. So'wn. 5
Belief onte Central..
Buff. Roob. APittsb..
&
Central of Georgia.
Cbattan. Southern. ..
ChesapeaKe & Ohio.
Ohio. & East Illinois.
Chic. Great Western.
Chio. Ind. A Loulsv.
Chic. Peoria & 8t.L. .
Ohio. Term. Tr. RR..
Gin.N.O.ATex.Pi.o.
Olev.Cin.Ch.ASt. L..
Peoria & Eastern
Colorado A Southern.
Col. Sand. A Hook'g.
Den v. & Rio Grande, i
Detroit Southern
Dul. Bo. Shore A Atl.
Evansv. A Indianap.
Evansv. A T. Haute.
.
G a.
South.
A Florida
Gr. Trunk of Can. . . )
Gr. Trunk West..
S-
Montana
)
$
Central..
Internat'l A Gt. No..
Iowa Central.........
Kanawha A Mloh
. .
A Nashville..
Maoon A Bir ming' iu.
Manlstloue
Minn. & St. Louis
Mlnn.8t.P.&8.Ste.M.
Mo. Kan. A Tex. sys
Loulsv.
.
+24,337
1-2.140
+ 18,745
—19
S09
£09
195
143
189
292
108
196
148
189
292
70
2,589.422
2,365,970
+ 223,452 4,085 4,082
8,301,963
157.882
2,523,717
+778,246 4,985
+2,041
260
+84,060
347
4,942
+ 116,253
+ 1.114
4,284
4,266
96
—18.018
+27,113
1,006
— 19,29o
558
173
96
887
610
178
+349,075
3.375
8.190
97
64
642
97
64
642
1.394
2.555
1,3*5
2.480
696,710
12,157
310,277
204,290
55,573
2,660,465
9,887
15,336
308.214
529,2:59
1.271.559
155,841
429.936
3,175,752
11,043
328,295
177 177
74,869
2,311.390
8,587
12,007
297,401
426.938
1.255.044
+ 1,300
+3,329
+ 10,813
+102,301
+ 16.515
of Road.
+ 19,014
+7,443
+ 14,445
+47,543
+ 18.039
+288,211
+ 1,468
+ 9,360
507,855
173,257
109,282
871,788
47.270
2,916,746
5,994
130,017
45,301
39,412
743,754
8.600
240,645
93,961
145
180
68
1,293
2,971
1.258
158
165
158
165
2,611
2,600
164
7,106
36
80
6,918
164
174
225
1,688
1,615
+24.417
—2,028
+28.838
—2,754
40
430
248
451
88
+ 169,190
40
430
248
451
88
2,484
2.358
+40.402
+30.884
+49,807
469
982
469
982
1,096
1,091
-2,108
-13,845
-57,475
+500
1,552,84
3,223
1,660
5,254
1,779
36
80
174
225
201,990
36,458
284.214
499,716
410,305
Is.)
+49,750
+150,715
+54,000
+6,200
+59,475
1
616,661
260
347
&
;
555
555
2,711
2,186
321
263
321
263
1,355
1,323
t Results on Monterey
These figures include reboth
Southern only.
1902.
$
Ma. N. O. & Tex. Pac—
N.O. &Northeast'n...
Alabama A Yioksb'g.
Vicksbuxg Shr.
& Pao.
Ann Arbor
Atlantic
..
& Birmingham
& Ohio
Rooh.
A
Pittsburg.
& East'n Illinois..
Great Western
&
Chic. Peoria
St. L....
Chio. Term'l Transfer..
Oin. New Orl.ATex.Pao.
St. L.
Olev. Cin. Ohio.
&
Colorado & Southern...
Col. Sand. A Hooking..
Oenv. A Rio Grande. c.
Dul. So. Shore A Atl.. .
Evansv. & Indianapolis.
Evansv. A Terre Haute.
Ga. Southern & Florida.
*rand Trunk
)
Gr. Trunk Western.. >
Det. Gr. H. AMilw..>
JreatNo. St.P.M. A M.
East'n of Minnesota
Hooking Valley
& Great Northern.
Kanawha A Michigan.
Louisville A Nashville..
Maoon A Birmingham..
Manistique ............
Minneapolis A St. Louie
Minn. St.P.AS. Ste. M..
Mo. Kan. A Texas
Mo. Paciflo A Iron Mt..
Central Branoh
Mobile Jack. A K. City.
Mobile A Ohio
Nashv. Chat. A 8t. Ll..
New York Oentralt
Sorf oik A Western
Int.
Northern Paoilicll
Pere Marquette
Kio Grande Southern. ..
Louis A San Fran .
Louis Southwestern.
Louis Vand. A T. H.
San Fran. A No. Pacific
St.
.
St.
St.
A
Decreate,
$
$
1,200,413
662,081
650,147
1,069,463
1,098,541
101.872
36.984
140,473
60,301
40,697
1,889.562
6,568
96.785
3,347.888
520.722
12,000
271,180
406,632
48,729
197,372
107,069
108,938
345,434
79.805
525,097
609.674
1,009,162
57,416
28,196,919
26.830
3,452,520
17,421,615
3,836.312
49,301
8,761,282
3,274,858
3,990,376
2,405.897
743,212
848.520
3,030,988
10,201,135
1.487.162
2,792,900
615,246
5,806.915
640,702
1,424.151
170,162
819,602
694,938
18,790,524
14,745,278
4,045,246
1,072,619
3,132,328
28,478,006
76.593
2,630.786
1,472,200
1,229,630
2,649,407
21,619,512
66,044
2.691.702
1,298,516
542,360
16,476,781
61,600
70,840
1.9l7,63S
2,634,794
8.667,971
19,192.756
739,136
1184.999
3,523.943
4,391,056
37,808,873
9.243,965
19,038,152
5,007.588
294,641
A79.683
11,243,875
4,025,028
1,164,322
579.688
6,595,427
294,301
20,494,469
30.516
879.099
988,526
»««M
.». ..••
31,787
893,230
11105,423
-.-
86,980
16,041,747
3,857,484
4.812,747
38,972,149
10,408.915
22,972,494
5,424,749
831,862
153,349
12,159,679
3,945,293
1,249,746
627.687
6,877,116
•
462,211
108.085
43,116
61,432
153,193
12.864
22,998
16,939.977
21,917,981
36.157
1
9
31.
Inereate.
153,218
375,332
So. Haven. A East'n
Indianap...
T. Haute
1901.
TO JULY
1,282,749
599,846
18,201.295
71,328
66.691
1,996,066
3,359,052
8,711,97"
19,835,383
557,210
.
1
1,435,967
98,143
30,086,481
33,398
3,549,305
20.769,503
4,357,034
61,301
9,032,462
3.681,490
4,036,105
2,603,269
850,281
957.458
3,376.422
10.280,940
1,400,182
3,255,111
723.331
5,850.031
702,134
1,577.344
183.026
842,600
726,675
Baltimore
1901.
3,164,000
663,342
10.766
1,018,803
535,740
541,769
398,018
132,313
140,206
473,079
1,567,473
204,859
492,000
130,019
1,488,900
105,83
267,217
31,979
132,755
10J.O32
513,996
3,292,005
Illinois Central
Illinois Southern
$
+20,566
1902.
4,332
557,439
2,851,455
570,017
9,009
1,346,706
470,062
605,299
379,245
108,792
132,947
452,946
1,596.195
204,555
464,572
106,606
1,453,200
84,448
255.627
30,366
123,222
104,16
Det.Gr.Hav.AM.)
©t.No.— 8.P.M.AM.
Eastern of Minn.
Decrease.
Louis Kenneth
St.
Chattanooga Southern.
Chesapeake & Ohio
Mileage.
+9,500
+388,874 3,765 3,765
+611
27
27
472
+39,271
472
+312,545 7,590 7.558
+93,325 1,845 1,845
105
+1,757
105
—327,903 1,607 1,561
+65,678
738
727
—63,530
929
929
18,773
546
+
546
+23,521
292
292
108
+7,259
108
+20,133
336
336
-28,722 1,891 1,891
+304
352
352
+27,428 1,145 1,142
269
269
+ 23,413
+35,700 2,36* 2,358
423
423
+ 21,389
583
+ 11,590
583
146
+ 1,613
146
162
162
+9,533
285
+4,871
285
4,948
1,625,839
inoluded in 1902.
Central of Georgia
of Road.
s
1,195
145
+96,742 3,223
+237,262 1,679
+643,309 5,355
+28,627 1,779
180
+9,850
140
+ 20,083
+177,521 S.387
ftll.122
676.136
Alabama Gt. Southern..
Ohio.
Chio.
1901.
1,195
+ 2,572
11275,580
1,364.224
11851,8001 11296,900
3/58,118
y5 1.918
1T325.330
tl.514.939
of tfexioo
Name
Buff.
1902.
+ 111,042
GROSS EARNINGS FROM JANUARY
& Memphis System and
GROSS EARNINGS AND MILEAGE IN JULY.
Name
For
306,798
219.287
807.918
2.010.9TO
278,392
872,01 S
762,805
2,255.193 2,100.444
526.869
506.633
625,205
12,280
5,940,096
1,291,694
3,190,065
743.920
43.989
Boston and Albany Included In both years,
f
698.876
721,272
271.807
816,400
335,226
St.L. Southw.
Total
1897.
$
I
708,463
388
50
874
sults on proprietary lines.
c Includes Rio Grande Western In
years.
IT Figures are for four weeks ending July 26 in both years.
EARNINGS OF SOUTHWESTERN GROUP.
I
RR.
A Mexioan Gulf are
;
1901.
5,155
388
72
874
61,197,348 56,849,967 +4,347,381 94,718 92,947
.
Mexican Central
Mexican Railway ...
Mexioan Southern
Nat'l
6 Includes proprietary lines Id 1902, 1901, 1900, 1899 and 1898.
+ Figures for 1900 not reported; taken same as previous year,
k Figures for 1902 not reported taken same as previous year.
1902.
5,182
1111,325
Mexican Roads— (Not inolu ded in tota
.
July.
—98,000
—50,000
+4,883
+51,639
84,379
489,405
Interooeanic (Mex.)..
Total
1901.
3,063,000
141,000
2,965,000
91,000
IT 16,208
558,272
736,247
14,852
6.036,838
1.528,860
3,833,374
772,547
53,839
31,205
1,803,360
526,869
180.700
123,727
919,331
65,309
3,204,957
7.462
139,377
43,193
25,567
686,2 79
9,100
265,062
91.933
230,828
33,704
1.721,530
324,616
630,100
460,112
Nevada-Oal-Oregon.
N.Y.Cen.&Hud.Riv.*
Norfolk A Western. .
Northern Paoiflci....
Pere Marquette
T.
1902.
$
A Iron Mt..
Central Branch
Mobile Jack. & K. C.
Mobile & Ohio
Nash. Chat. A St. L..
Mo. Pao.
. .
1898.
~%
Mileage.
Increase or
Decreaee.
1901.
1902.
1897.
1898.
3,300,835
8.543,505
kifi 38,867
k 5 027741
B.&O.S.W
Total.
~v~
$
$
Bal.
1899.
1900.
1901.
1902.
July.
LXXV.
157,011
482,921
1,858,494
10,549
.-•«••
173,684
57,486
1,724,514
9,728
160,916
mmmm --••
4,240
78.428
724.258
44.006
642.627
..
.
181,926
20,424
333,541
421,691
1,163,276
1.164,950
3.934,342
417,161
37,221
78.666
916,804
79,735
85,424
47.999
281,689
81,031
1,423,512
5,641
109.427
........
—
August
Name
16,
of
.
;
!
THE CHRONICLE.
1902.]
Koad.
1901.
1902.
Terre Haute & Peoria..
Texas Central
Texas & Paoitie
Texas Sab. Val & N. W.
Toledo & Ohio Central.
Toledo Peoria & West'n.
Tol. 8t. L. <& Western....
Bull...
Toronto Ham.
&
Wabash
Wheeling & Lake Erie
Wisconsin Central
Yazoo A Miss. Valley..
.
.
J
Increase.
295.606
307.233
257.367
870,368
5,904,652
6,291,224
78.800
73,200
1,637.120
1,502,790
639,402
644. 89S1,472,607
1,523.390
242,352
265,988
10.810.260 10,002.985
2,073,034
1,691,074
3,496.295
3,054.752
3,636,380
3,351,525
Oterease
*
11,627
113,001
386,572
5,600
134,330
5.497
50,783
23.636
807,275
381,960
441.543
284,855
112,671,905
Mexican Railway
Mexioan 8outhern
National RR. of Mex.
112,823,800
j/308.768
4.873. i84
« The Monterey & Mexioan Gulf
for no part of 1901.
t
Inoludes Paduoah
t
Boston
112,527,216
10,230,711
1T2,492,2O0
11,760.608
is
V279.797
4.496.048
144.689
1,529,897
331,600
28.961
1,
1902, but
& Memphis Division in both years,
& Albany included in botb years.
Inoludes Rio Grande Western in both years from July 1.
H Figures are to July 26 in both years.
Includes proprietary roads in both years.
h For St. Louis Kennett & Southern Ry. alone, before consolidation.
t
i
ITEMS ABOUT BANKS BANKERS AND TRUST
—The public sales of bank stock
shares, of
which
10 shares
this
quorum. It is expected that at the adjourned meeting
the board of directors will be changed so as to admit the
new interests which now control the bank, and action will
of a
be taken on the proposed increase of capital.
an early hour on Monday morning
Bank
New York
fire
on the upper
Wall Street, corner
of William, caused about $25,000 damage. The lower floors,
including the bank's premises and the safe deposit vaults,
were more or less damaged by water, but the business of the
bank was conducted as usual, though at some inconvenience.
Washington dispatches state that the Commissioner of
Internal Revenue has directed that steps be immediately
taken for the collection of the tax on undivided profits of the
banks, which collection was suspended last January awaiting
of
building,
—
377.536
inoluded from Maroh
the National Bank of the
this
of
city,
States
which
was
United
called for Monday, Aug.
11, was adjourned until Sept. 15 in consequence of the absence
—At
Mexican Roads—
Interooeanic (Mex.V.
Mexioan Central*
—Thp meeting of stockholders of
floors of the
.400,633,078 369,655,341 32,216,034 1,238,297
30,977.737
Total (78 roads).
Net lnorease
321
CO.'S.
week aggregate
107
were sold at the Stock Exchange
a decision of a test suit brought in the District Court for the
Southern District of New York by the Leather Manufacturers' National Bank of this city.
This suit having been decided in favor of the Commissioner, his contention as to the
liability of the banks to pay the tax having been sustained,
the Commissioner has concluded to enforce collection of
the tax. The amount claimed to be due is for the last fiscal
year.
—
The stock and surplus of the Guardian Trust Company
and 97 shares at auction. Dealings in trust company stocks will be increased from $500,000 to $1,000,000 each by the
sale
have been limited to the sale at auction of a 25- share lot of of the additional amount of stock at
payments
200,
therefor
N. Y. Security & Trust Co. stock. In the " curb " market 10 to be made on or before September
15.
The company will
shares of stock of the Trust Co. of the Republic were sold
begin business on or about September 1 at the corner of
at 835.
Broad way >nd Maiden Lane.
Shares.
Bawks— New York.
Price.
Last previous sale.
The application for incorporation made by the Herald
*10 City Bank, National
325
July 1902- 325*4
42 Corn Exchange Bank
445
Aug. 1903— 447
Square National Bank of this city was approved by the Comp55 Manhattan Co., Bank of the... 331
Feb. 1802— 327
troller on August 7.
Capitalization is given as $300,000, with
Tkubt Company— New York.
25 N. Y. Security & Trust Co
$150,000 paid-in surplus. The location is to be in the neigh1399
Apr. 1902— 1395
borhood of 34th Street and Broadway.
* Sola at the Stock Exchange.
—
—The directors of the Perlh Amboy Trust Company of
—J. P. Morgan & Co., August Belmont & Co.. the National
Perth
Amboy, N. J., have chogen as the head of their instiCity Bank and Baring, Magoun & Co. made application on
tution
Mr.
James C. McCoy. The Vice-Presidents are Mr.
Monday to the Board of Governors of the New York Stock
Exchange to have listed 2,310,000,000 roubles ($1,188,495,000) William A. Connor and Mr. Joseph E. Chapman. The board
of State 4 per cent certificates of rente of the Imperial Rus- consists of twenty-one members, one of whom is Mr. George
sian Government. The above-named bankers are authorized W. Young, Vice-President of the Commercial Trust Comto pay the coupons on these rentes. The application was pany ofj|New Jersey. City Treasurer (of Perth Amboy) Garpromptly acted upon by the Committee on Stock List and the ret Brodbead is also connected with the company, his name
securities were quoted on the list after Wednesday.
In ad- appearingjon.the executive board.
dition to the above, there are now listed on the Exchange
—Extensive alterations are contemplated by the New York
the following foreign securities: The United States^of Mexico State National Bank of Albany, N. Y., in the interior of its
external gold loan of 1899 sinking fund 5 per cents, amount- building. The main banking room is to ba greatly enlarged,
ing to £22,407,000; Province of Quebec 5 per cent loan of and a large skylight in the roof will furnish additional light
A change will be made in the location of the
1908, $5,000,000, and Frankfort-on-the-Main, Germany, %% to the same.
directors' room, and improved accommodations have been
per cents of 1901, 15,000,000 marks.
—A most useful little book, dedicated to Mr. Henry Dimse,
arranged for the
staff
employed by the bank.
—
The Albany Trust Company of Albany, N. Y., which
Bank of this oity, has been
compiled by Mr. H. Gerald Chapin, LL. D,, of the New voted on June 19 to inorease its capital from $200,000 to $300,York City Bar. The booklet is styled "Banking Forms," and 000, now reports the latter amount as paid in. According to
ia issued with the compliments of the bank,
The work is the local papers the company has abandoned the idea of
well gotten up, containing 36 pages, and is intended for use erecting a twelve story building, plans for which were acin "caee3 of emergency where the occasion does not warrant cepted in the spring, but will instead construct a smaller one,
the services of a lawyer." To give a general idea of what possibly only one story. The matter is still under considerthe book treats of, we may state that in it are given forms ation.
of a plain promissory note; promissory note with deposit of
—The First National Bank of White Plains, N. Y., mention
collateral in several varieties; notice to stop payment on
of which was made in our issue of March 29, has been granted
check; affidavit as to forged signature on check; bond for a certificate of incorporation. This institution (capital*
lost certified check; guaranty of third party's ^specific obli$100,000), is successor to the White Plains Bank. Mr. David
gation; agreement for financial accommodation; general Cromwell continues as President.
power of attorney to sell and assign United States bonds;
—With its removal on July 28 from 138 Weybosset Street
proxy; assignment of savings bankbook, etc., etc. An index
to its splendidly {quipped new structure at Dorrance and
in the back gives added value to the pamphlet.
Westminster streets, the Union Trust Company of Provi—The 10,000 new shares of the Irving National Bank of dence, R. I., is in still better position to cater to the wants of
this city, recently issued to increase the stock from $500,000 to its patrons.
The new quarters are commodious, elaborately
$1,000,000, were listed on the Stock Exchange. on tne 13th inst. fitted out and contain every modern contrivance for the
—Six new directors have been given place on the board of quick and safe dispatch of business. The company's manage,
the Yorkville Bank, at Third Avenue and 85th Street, this ment is in the hands of Mr. Marsden J. Perry, President;
city, the number having been increased from 15 to 21.
The Henry L. Greene, C. S. Sweetland and L. R. Peok, Vicenew names are August Belmont, Richard Delafield, Stuy- Presidents; Michael F. Dooley, Secretary and Treasurer;
vesant Fish, Gilbert G. Thorne, Cornelius Vanderbilt and Frank E. Chafee, Assistant Secretary, and Francis E. Bates,
Cashier of the National Citizens'
George F. Victor,
it
will be
all of
recalled,
the National Park Bank.
interests
identified
with
bought stock in the Yorkville, a State institution.
In March,
the latter
Assistant Treasurer.
—Mr. H.
Company of
C.
McEldowney, President
Pittsburg, was,
it is stated,
of the
Union Trust
the purchaser of the
:
THE CELRONICLB.
322
property formerly occupied by the Citizens' National Bank of
Pittsburg, and which was sold at auction on August 5. The
price is given as $202,000. The bank was absorbed by the
trust company, it will be remembered, last month.
—Diamond National Bank, of Pittsburg, interests have
organized tbe Diamond Savings Bank. Quarters bave been
secured by tbe new institution in an adjoining building on
Fifth Avenue, where it will begin business in about four
months. Capital and surplus are to be $100,000 each. Mr. John
S. Scully, President of the Diamond National Bark, will hold
a similar position in the projected bank. His associates will
be J. W. Lee (State Senator of Pennsylvania from 1879 to
1886) as Vice-President and John 8. Scully Jr. as Cashier.
—The
Fourth National Bank of Cincinnati expects to remain in its present location only a few year.s more, having
concluded the purchase of a site on the north side of Fourth
8treet between Vine and Walnut streets.
The property
opens on three thoroughfares; it is about 50 feet front, with
a depth of 119)^ feet. Neither the character nor design of
the building has yet been decided upon, present leaseholds
which still have some two years to run making an early decision of that matter unnecessary.
The Commercial National Bank of Sandusky, Ohio, whose
application was approved by the Comptroller on August 1,
—
the name of the institution organized, it is stated, to take
over the Moss National and Second National banks of that
The authorized capital of the Commercial is §100,0C0.
city.
The names of Mr. William L. Allendorf and John Whitworth,
respectively Cashier and Vice-President of the Second
National, appear among those who signed the application.
is
—Incorporation papers have been filed for the Helvetia
Savings & Banking Company of Cincinnati, Ohio, capital
and surplus $50,000 each.
Deposits will receive interest,
it is
[Vol.
LXXV.
ing
is at the corner of Eighth and Locust streets, and was
designed exclusively for the bank's own use. It is two stories
high, with a roof story above the cornice. Its most striking
feature is the heavy granite pillars, fifteen in all, employed
in the construction of the facade.
The officials are: Mr.
Festus J. Wade, President; Corwin H. Spencer, Lorenzo EAnderson and Jonathan Rice, Vice-Presidents; C. H. McMillan, Secretary;
J. B. Moberly, Assistant
Secretary;
George W. Wilson, Treasurer; William Maffitt and John H.
Kruse, Assistant Treasurers; Jacob Klein, Counsel; Virgil
M. Harris, Trust Officer, and A. V. Reyburn, Manager of the
Safe Deposit Department.
—
The session just closed by the Wisconsin State Bankers^
Association at Milwaukee was socially and artistically a
most successful affair. Two days were devoted to the event,
but the business session proper consumed only one day,
Wednesdav, the 13th inst. There was a discussion of the
question of Assets Currency and Branch Banking, participated in by John Campbell, Assistant Cashier of the Marshall
& IMey Bank of Milwaukee, and T. R. Frentz, Cashier of
the German- American Bank of Oshkosh.
The convention
adopted the following resolutions on the subject by a unanimous vote
Resolved, That we are opposed to the Fowler BUI, and all legislation
tending to the substitution of branch banks for onr present Independent system of banking, and our representatives In Congress are
urged to oppose such proposed legislation.
Resolved, That we are opposed to any law tending toward the substitution of assets currency for the present national bank circulation.
At a banquet held Wednesday evening at the Plankington
House several toasts were arranged, as follows, Mr. Jonn
Johnston, Vice-President of the Marine National Bank of Milwaukee, acting as toastmaster.
"The Advancement of the Northwest," response by Mr. W. W. Wight.
"Pabllo Opinion and the Banks," response by Mr. E. H. Bottum.
The company will locate
"A Judicial Temperament Neoessary to a Good Banker," response
near Twelfth and Vine streets and will be under the man- by Mr. John F. Burke.
"The Banker's Influenoe Upon the Community in Which He Lives,"
agement of Mr. Charles Nickels, President, and Mr. Herman
stated, at the
rate of 4 per cent.
H. Evers, Secretary and Treasurer.
Work on the proposed building of the Third National
Bank of Cincinnati has now begun, and occupancy of the
new site, at Vine and Race streets, will occur about July 1
—
of next year.
—The call
sued for a meeting of State bank examiners to
at Detroit, at which the organization of a
general association was planned, drew forth representatives
from Minnesota, Iowa, Maine, South Dakota, Wisconsin, Illinois, Ohio and Michigan.
Preliminary details were completed of the organization, to be known as the National As.
sociation of State Bank Examiners, whose prime object is to
secure uniform rules for the inspection of banks and needed
legislation or amendments for the greater protection of depositors and the investing public
if
be held on July 29
response by Mr. John M. Holley, of the State
The following
officials
were elected
Bank
of
La Crosse, Wis.
:
President, George L. Field, President of the First National Bank of
Ripon.
Vice-President, George N. Fratt, Cashier of the First National Bank
of Racine.
Seoretary, John Campbell, Assistant Cashier of the Marshall & Ilsley
Bank
of
Milwaukee.
Treasurer, H. J. Brown, Cashier of the Stephenson National
Marinette.
Bank
of
—
The organization is under way of a new Kaneas City,
Mo., trust company, the capital of which is to be $500,000.
Although the matter has not been definitely decided, it is
believed that the corporation will be styled the Monarch
Mr. Walton H. Holmes will direct its
Mr. Holmes was formerly President of
affairs as President.
the Metropolitan Street Railway Company of Kansas City.
Messrs. Otis, Wilson & Co., Chicago, have opened a Mr. George E. Bradley is temporary Seoretary. The combranch office at 8 Congress St., Boston. Mr. John H. Allen pany will have four departments— banking, savings bank,
is in charge of this office.
The house deals in all classes of trust and real estate— each under the management of a capainvestment securities and are specialists in foreign govern- ble officer. The par value of the shares will be $100 each.
Trust Company.
—
ment, State and City bonds, principally Mexican and
Monday
commenced business
and beautiful quarters at
the intersection of Drexel Boulevard, Cottage Grove Avenue
and 39th Street. With a strong board of directors and $200,OCO
paid-up capital, this new bank opens with a good prospect of
rapid growth and a profitable business.
—The
Comptroller of the Currency issued on July 26 a
certificate of incorporation to the Continental National
—The Drexel State Bank of Chicago
last
—The
German
issues.
in its convenient
Federal Trust
& Savings Bank of
Chicago,
through
of Denver, Colo., several references to
Bank
which have recently
appeared in these columns. The capital is given as $300,000.
Mr. H. J. Alexander is Cashier, and Delos A. Chappell and
John W. Springer are Vice Presidents.
—
Wm. P. Bonbright & Co., Colorado Springs, Col., have
opened a branch office at 15 Wall Street, this city, in charge
The house has also a branch office
of Mr. W. P. Bonbright.
London at 15 George Street.
—The Colorado State Bankers' Association, which recently
met at Colorado Springs, Col., elected officers as follows:
financial institution.
President, C. B. Kountze (President of the Colorado National
—The executive committee of the Omaha Clearlng-House Bank of Denver); M. D. Thatcher (President of the First Nahas arranged to hold the annual State convention in Omaha tional Bank of Paeblo), and Secretary and Treasurer, Frederon October 2 and 3. The programme on this occasion will ick G. Mcffdtt (Assistant Cashier of the First National Bank
be somewhat more elaborate than last year's meeting, which of Denver). Ex-Comptroller Charles G. Dawes delivered the
occurred shortly after the death of President McKinley.
The convention next year will be held at
pi incipal address.
Denver.
The official liquidation of the Continental National Bank
of St. Louis, Mo., merged the latter part of May with the
—At the annual meeting of the Seattle Clearing House AsNational Bank of Commerce in St. Louis, took effect on sociation on the 5th inst., Mr. M. F. Backus (President of the
July 81.
Washington National Bank of Seattle) was re elected PresiThe Mercantile Trust Company of St. Louis moved into dent and Mr. A. H. Soelberg (Cashier of the Scandinavianits attractive new home on Monday of this week.
The build- American Bank of Seattle) was again chosen as Secretary.
Edwin
L. Wagner, has bought a piece
property
on
of
92d Street in South Chicago, where it is contemplated to open a branch office of this new and progressive
its
Assistant Cashier
—
—
in
AUGUST
THE CHRONICLE
16, 1902.]
323
-1902
—1901.
adopted by the association in favor of inExports.
Exports. Imports. Excess.
Imports.
Excessviting the American Bankers' Association to hold its 1903
$
*
$
8
Sliver and Silver In Ore.
convention in Seattle.
6.420
8.0«6
+5.838
14,520
11.762
+6.484
Jan.-March.
3,050
4,959
3.370
+ 1 691
3.741
+3,589
—In our remarks two weeks ago concerning the growth of April
1,947
+1,838
4,386
3,745
3.785
+ .641
May
1,803
4.569
1,934
+ 1.447
3,250
+3,685
the National Bank of the Republic in Salt Lake City, Utah, June
3.457
1.215
3,838
3,662
3.672
+
+1.276
July
personnel
of
the
directors,
in
the
changes
the
reference
to
the
14,677 +11,523
36.300
33,273
17,697 +14,575
Total....
which occurred a year or more ago, was somewhat mislead—
Excess of imports.
Excess of exports.
There was no actual change in control or management
ing.
totals
for merchandise, gold and
We subjoin the
at that time. President Frank Knox organized the institution and has always directed its affairs. The only change silver for the seven months since Jan. 1 for six years.
made was in the displacement of four directors, who did not
GOLD.
MERCHANDISE.
SlXVBR.
Their places were filled with
suit him; also the cashier.
Seven
Excess
Excess
Excess
others, but they had, we are informed, no part in the manImExExImExports. Imports.
A resolution was
1
»
of
tlos.
Exports ports.
agement.
—A change in ownership has occurred
SaviDgs Bank
having been purchased by the Estate of H. Kempner. Mr.
B. Waverley Smith has resigned as President and director
of the bank and has been succeeded in both capacities by
Mr. I. H. Kempner, a son of the late Mr. H. Kempner, who
was himself for many years and until his death head of the
bank.
—A charter has been applied for on behalf of the CommerBank
Savannah, Ga., which expects to be in shape
for business by September. The banking rooms will be in
the W. C. T. TJ BuildiDg, on Libert y Street, near West Broad
Street.
Mr. Barron Carter, formerly Assistant Cashier of
the Chatham Bank of Savannah, will become Cashier of the
new bank, which is to have a capital of $50,000.
cial
~i~
in the Island City
of Galveston, Texas, a controlling interest
of
%
$
$
$
1903. 737,004 535,548 191456 37.947
1901. 831.305 506.523 334782 33,336
1900- 813.486 503.078 3091> 8 33,713
1899 687,944 448 546 339399 30,160
1898. 694.067 377,245 316882 7.723
18*7. 560,872 506.481 54,391 30,659
*
ports.
01
Exports ports.
t
1
14,782 13,165 31,200
30.004 13,382 33,272
37,8=9
5.824 35,284
36,283
3,876 31.183
95.288 •87.616 39.483
7,167 33.3P2 33,859
ports.
of
Ex-
ports.
~t~
%
14.677
17,697
33.193
17.168
15,547
17,741
11,523
14,675
13.091
13,956
13,936
15.118
Excess of Imports.
Similar totals for the
month
of July
make
the
fol-
lowing exhibit.
Mhrchandisb.
One
Mo.
Bxportt. Imports.
Excess
of
Bxportt
1
t
1903. 8S.8C8
1901 109,452
1900. 100,463
$
9.602
36 370
79.206
73,082
63.660 36.793
60.102 34,824
50.984 31,641
53,676 17,429
Gold.
Ex-
Im-
ports.
ports.
I
t
1,595
T.671
3,875 4,076
3.873 11,263
3,606 3,895
1,497 3.642
SJ3rf
5.463
SILVBK.
Excess
of
Ex-
t
1
Im- Excess
Exports ports. ports.
6,076
3672
* 1,201
3,838
4,014
4,008
4,885
4,705
* 7,990
$
3.457
3.562
3,344
3.732
3.654
3.694
porta.
1
1,215
1,276
1.570
1,271
3.231
3.011
*28i*
Bankers' Association, which met in session 1899 94,926
•1.145
1898. 73,626
at Blount Springs, Ala., on August 11, will hereafter be di4.523
1897. 71,104
• Bxceas of Imports.
vided into five groups. A general reorganization of the association was also effected. There are now six Vice-Presidents,
In these tables of totals, gold and silver in ore for
as follows
Mr. T. O. Smith, Cashier of the Birmingham
aU years are given under the heads respectively of
Trust & Savings Bank of Birmingham W. R. Rison, of
Messrs. W. R. Rison & Co. of Huntsville W. W. Crawford, gold and silver.
Cashier of the First National Bank of Birmingham J. H.
The following shows the merchandise balance for
McKleroy, President of the Anniston National Bank of An- each
year back to 1875.
niston
Louis B. Farley, Vice-President and Cashier of the
EXCESS OF MERCHANDISE IMPORTS OB EXPORTS.
Farley National Bank of Montgomery, and Lloyd Battle.
1 month ending July 31—
7 months ending July 31—
The President of the association is Mr. J. W. Whiting, Presi 1875
Imports. $3,677,266 1875
Imports.$25,4 72,478
Exports. 9,236,241 1876
Experts. 59.300,024
dent of the People's Bank of Mobile. Mr. E. J. Buck, Vice- 1876
1877
Imports. 2,416,070 1877
Exports. 35.480,343
President and Cashier of the City National Bank of Mobile, 1878
Exports. 10,t>62,751 1878
Exports.166,517,286
Exports. 9,644,349 1879
Exports.124,680,960
was re-elected Secretary and Treasurer. Next year the con 1879
1880
Exports. 13,710,587 1880
Exports. 44,874,081
1881
Exports. 10,610,936 1881
Exports.108,610,902
vention will be held at Birmingham in May.
1882
Imports. 11,187,337 1882
Imports. f.O,624,367
The City National Bank of Dallap, Texas, has removed 1883
Imports. 4,096,846 1883
Exports. 41,986,173
Imports.
513,032 1884
Exports. 10,242,803
temporarily to the North Texas Building to await the com- 1884
1885
Imports. 3,362,624 1885
Exports 51,951,069
Imports. 2,855,086 1886
pletion of its own new building, which will replace the one 1886
Imports. 3,833,824
1887
Imports. 7,197,314 1887
Imports. 34,287,441
just vacated. The plans show a structure to be devoted to 1888
Imports. 14,157.356 1888
Imports. 75,732,756
Imports. 19,528,719 1889
Imports. 50,183,975
the bank's use alone, the materials comprised in the exterior 1889
1890
Imports. 28,114,472 1890
Imports. 41,835,835
to be of Bedford stone, terra cotta and brick. Vaults of the 1891
Imports. 4,373,142 1891
Imports. 17.634,713
1892
Iqq ports.
7,268,^63 1892
Exports. 40,157,149
latest type are to be installed, and in fact every contrivance 1893
...Exports. 5,927,790 1893
Imports. 62,872,231
1894
Imports. 12.687,890 1894
....Exports. 59,182,709
incorporated in modern bank structures will be provided.
—The Alabama
'
:
;
;
;
;
—
—A new financial institution
has entered the banking field
of Wilmington, N. C, in the organization of the Atlantic
Trust & Banking Company. Capital fl00,000. Mr. M, J.
Heyer, it is announced, will be President, and Mitchell F.
Allen, Cashier. The company will make its quarters in the
old Atlantic National Bank Building on Princess Street,
opening about October 1.
1895
1896
1897
1898
1899
1900
1901
1902
Imports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
16,484,057
15,609,237
17,429,209
21,540,668
34.824.426
36.793,115
36,370,075
9,601,740
IFrom our own
IMPORTS AND EXPORTS FOR JULY.
1895
1896
1897
1898
1899
1900
1901
1902
Imports. 21,219,092
Exports. 90,565,677
Exports. 54.391,108
Exports.316,821,427
Exports.239, 398,180
Exports.309,408,206
Exports.324,781,593
Exports.191,455,761
correspondent.,!
London, Saturday, August 2, 1902.
The fortnightly settlement; on the Stock Exchange, which
the statement of the country's foreign trade for began on Friday morning of last week and ended on WednesJuly, and from it and from previous statements day evening, was gotten over much more easily than had been
anticipated.
It was feared at first that some of those specuwe have prepared the following interesting summaries:
lators who had been helped at the last settlement would be
FOBBION TBADE MOVEMENT OF THE UNITED 8TATE8.
unable to meet their engagements this time, and therefore
[In the following tables three olpheri (000s) are In all eases omitted
there were apprehensions that several failures might take
1902.
1901.
Bxvortt. Imports.
Excess.
Exports. Imports. Excess. place. It was found, however, that matters had been greatly
Merch'dlse. I
*
f
$
t
f
exaggerated, that the forced selling which has been going on
Jan.-March. 337,464
331,716+105,748
373,767 309.696 +164,061
£Prtl
109,170
75,822 +33,848
130.764
76,6«8 +44,058 for so long had practically cleared out the weak operators,
May
103.-22
75.B89 +'26,633
78,843 +45,926
134.668
June
89.240
73,115 +16,1*5
103.774
68.404 + :t4,S70 and that stock had gone into the possession of wealthy people
Jn'y
8S,c03
79.206
109,452
73.088 +36,370
-t-9,602
who were prepared to take it np. Two unimportant failures
~
Total..
737.O04
The Bureau
of Statistics at
Washington has issued
.]
.
,
.
,
535,618 +19lX53
Gold and Gold
Jan.-March.
ADril
M <W
J u »e
July
Total
In Ore.
15.073
5,831
^,844
1.9N8
391
7,671
1,774
1,497
4.0S6
1,595
+9,242
+1,070
+471
-3.69*
+6,076
37,947
14.783
+13,166
83 fibl
506^523 +334.782
+484
9,128
4,917
10.101
5,345
3.876
8.644
3.219
1,773
3,262
4,076
+3,668
+8,*28
+3,083
—1,201
"~ 33^366
30,004
+13,362
have been reported. In every department the bull account
turned out to be very much reduced. On Saturday, accordingly, there was a very sharp recovery, but on Monday fears
began again to be entertained. Nevertheless, the recovery
was quickly resumed.
:
.
324
THE CK&ONICLE.
Yet there does not seem much probability that activity
some time yet. To-day the Stock Exchange
is closed, Monday will be a batik holiday, and Saturday of
next week, which is Coronation Day, will likewise be a bank
holiday. Probably, therefore, holiday-making will go on
and little business will be attended to. Still, the market now
will increase for
in a very much better condition than it has been for a
long time, and everywhere marked recovery is anticipated.
On Tuesday Mr. Chamberlain made a speech in the House
of Commons explaining the policy of the Government with
regard to South Africa, which has been exceedingly well
received. He indicated very liberal treatment towards the
Boers and a policy of development and expansion on the part
of the Government which he did net hesitate to say would
probably make South Africa one of the most prosperous
countries in the world. Especially, his references to the
mining industry, to its importance for the future welfare of
the two new colonies, and to the determination of the Government to do nothing that would in any way check its
growth, have made a most excellent impression, and the farseeing are, in consequence, anticipating an early increase in
business. For the moment that is kept back by the scarcity
of native labor, but nobody doubts that the difficulty will be
soon overcome.
In Paris money is as abundant as ever. Rates are exceedingly low, and the settlement at the end of the month is
passing off easily; but business continues depressed, owing
to the agitation caused by the Government measures respecting the religioas orders. There are some fears that the Government will not last long, and there are apprehensions that
a new Cabinet may be formed which will be less firm, and
that therefore France may again fall back into a state of
internal dissension. For the moment, therefore, there is a
good deal of depression in Paris, but it is mainly due to
political considerations.
No doubt the unsatisfactory condition of Russia, both economic and political, aggravates the
situation, and France of course feels the depression that prevails in all the neighboring countries. As a result of the
general slackness of business, the great French banks are
once more increasing the balances they are employing in
London.
In Germany, likewise, money is abundant and
cheap, and the settlement at the end of the month passed
over smoothly; but business continues very dull and probably will remain so for some time yet.
Owing to the fortnightly settlement and to the usual demands at the end of the month, money has been in very
strong request this week, and a good deal has been borrowed
from the Bank of England. The Government has large payments still to make, but its disbursements are effected so
irregularly that the market never knows when to expect
them, and therefore does not receive the benefit from them
that might be anticipated. Probably money will continue
much as it is for some months yet. Much of course will
depend upon events in the United States. If rates rise materially in New York there may be a very sharp rise in London also. On the other hand, if money continues abundant
and rates easy in New York, the market here may continue just
as it is with little alteration. In Paris money is as abundant
as ever, and, as stated above, the French banks are again increasing the balances they are employing here. On the other
hand, there is a demand for France in the open market for
gold, and of late there have been large sales of consols which
are attributed by many engaged in the market to French
and German capitalists. Others, however, hold a different
per rupea were allotted about 65 per cent of the amounts
applied for. Later in the day the Council sold small amounts
of bills
by private contract at
Unless something entirely unforeseen
should happen or
political apprehension should increase in France, there is no
reason to look for much enhancement of the value of money
The accumulation there is so vast and there is so
inclination to engage in new enterprise.
Similarly
there may be some increase in demand during the harvesting
time in Germany, but trade is so very slack in Germany and
in Paris.
little
the liquidation of bad business is so far from being completed that any very great activity of money in Germany
seems unlikely.
Therefore the market here will be chit fly
influenced by what may happen in the American money
market.
The India Council continues to sell its drafts fairly well.
It offered for tender on Wednesday 40 lacs and the applications exceeded 1,166 lacs at prices ranging from Is. 3 15-16d.
to Is. 3 31-32d. per rupee. Applicants for bills at Is. 3 31-32d.
Is. 4d.
per rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, theprioe of oonsols, &o.
compared with the last three years :
is
opinion.
LXXV.
[Vol.
1901.
1902.
July 30.
July
19C0.
Aug.
31.
*
£
PnbliO deposit!
Other deposits
JOTernment seonrltles
80.067.430
10,831,360
43,498,701
16,986.460
Other securities
aeserve of notes and ooln
2ti,H80,545
25,631 ,816
3oln&bullion.bothdepartm'ts
37.V24.266
47 15-16
80.746.990
8,412,785
44.090,839
16,204,8»9
30.08W.9S9
24,84 1,031
87,313.021
Jlroalatlon.
Prop. reserve to liabilities.. p. o.
3ank rate
peroent.
3onsols, 2« per oent
84%d.
Silver
Tlearlne-House returns
M
29,227140
7,866 468
39.957,748
18.08w.5S2
31.613.844
20.787,3d4
33,214.474
40.110,S(01
20,41d.5t6
!i0.4&7
579
3
17,941 ,020
81.0^3,450
85 3-16
4
9S&
97 6-16
26 15-ltJd.
196,045.000
216.917,000
M
30,866830
10,4!<l,fl97
60^
3
P6 6-16
1899.
Aug. 2
I,
48%
b*,
106 3-1«
^9id
88d
806.135,000
182,812.000
The rates for money have been as follows:
Condon
Bank
C
«
July
8 Months.
2
6 3
12 3
"
Interest allowed
for deposits by
Oven Market Rates.
a
«
7-lfl
2«
2*
"
19 3
26 3
Aug, 2 3
"
2
Trade
Bills.
6 Months. 3
4
Months.
2
7-10@2X
2M&2K
8 9-16
2H
2K®2 9-16
2H®m
7-16®9^ 2\i®2
4,
2%
2«@8
2%@2
Dis> tfl'fc
Joint
Stock At 7-14
Mot. Banks
2%@3
2%®S
2h@3
2%@3
2%®3
9-16
2%
2 9-16@29t
Mm.
Bills,
15-16
Oali
8
2
2
S
2
2
1H
2
Days
2M
2H
2*
2H
2H
2
The Bank rate of discount and open market rates at the
have been as follows:
ohief Continental oities
August
Rates
o
Interest at
Bank
Open
Market
Bank
Rate.
3
8 5-16
3
Paris
3
3
8
8
nt
iH
Petersburg.
Madrid
Copenhagen
.
..
Open
Rate. Market
1«
1«
1«
2M
2M
2H
3
St.
July 25.
1.
July 11.
July 18.
t
Bank
2H
Bank
Rate.
2H
3
3
3
1*
3
3X
2M
2M
IK
8
3
3
SH
*H
3
2J*
3
2«
2*
9K
i%
nom.
Oven
Market
2*
1%
1H
3
8
3
8
nom.
Open
Bate. Market
nom.
3
3
3
1*8
2«
2*
3
SH
4*
2H
nom.
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
Messrs. Pixley & Abell write as follows under date of July 81:
Gold—The market has continued steady without any change In
quotation. Paris has again taken all arrivals. The movements at the
Bank have been £6.000 in from Paris. £30,000 out to Brazil and
£10,000 out to Malta. Arrivals: Australia, £42.500; Cape. £248,000; River Plate, £13.000; Chili, £1,000; total, £304,500. Shipments: Bombay, £45,500.
Silver— Movements in the price of silver have been small. India
has been a fairly good buyer, especially for shipment this week, and
every ounce of silver available for immediate delivery has been taken
off the market. The market doses steady. The Indian prioe is Rs.
623s for shipment from London. Arrivals: Australia, £3,500; United
States. £79,500; Chili. £4,5O0; total, £87.500. Shipments: Bombay, £48.500; Hong Kong, £25,500; Madras, £2,500; Calcutta,
£15,000 total. £91.500.
Mexioan Dollars-There are sellers at 23 7sd. per ounce, but no business has been reported.
;
The quotations for bullion are reported as follows:
Gold.
London Standard.
July
(.
d.
Silver.
July
July July
London Standard.
24.
31.
d.
a.
31
24.
d.
d.
oz. 77 9Ss 77 9%! Bar silver, fine. oz 247 la
Bar gold, fine
Do 2 mo. delivery 24B 18
O.S. gold ooln...oz. 76 4>4 76 4*4
76
Bar silver, oontaln'g
9erm'n goldooin.oz. 76
do 5 grs. gold.oz. 2415 16
French gold ooln.oz. 76 5* 76 5*
76 4
do 4 grs. gold.oz. 24\
Japanese yen
oz. 76
do 3 grs. gold.oz. 24'^e
oz. 265 18
Cake silver
'Nominal.
Mexican dollars. oz. 23%*
. .
4V
4V
4V
V
245 18
25i6ie
24 \
24» 16
23?8
The following shows the imports of oereal produoe into the
United Kingdom during the forty-seven weeks of the season
compared with previous seasons
IMPOSTS.
1900-01.
1901-03.
imp'ts Of wheat. OWt.64.327,634
Barley
20,896,244
3atS
15.524,264
Peas
1,905.294
Beans
1.723.948
Indian corn
41,617,157
Flour
18.269.892
62,763,200
18,819,300
20.739.300
2,256,930
1.689.040
50.362.500
20,895,700
1899-00.
57,536,700
14,370,400
17,278,700
2,355.440
1,469,020
51,482,500
19.440,900
1898-99.
58,306.250
21,683,943
13,744,180
2,174,150
1,904.670
51,145,560
20.437,805
Supplies available for consumption (exclusive of stocks on
September
1):
1901-02.
1900-01.
1899-00.
Wheat Imported, owt.64, 327,684 62,768,200 57,536,700
Imports of flour
18,269,892
lalesof home-grown. 22, 418, 000
20,895.700
22,533,839
19,440,900
29,741,693
1898-99.
58,306,250
20,437,806
32,010,269
105,005,526 106,192,739 106,719,193 110.754,324
wheat, week. 81s. 5d.
29s. Od.
25s. 51
27s. 8d.
Average prioe, season. 28s. Od.
26s. 21
26s. Id.
27s. 2d.
Total
A, ver. price
The following shows the quantities
maize afloat to the United Kingdom:
This week.
Q™ *9ionnnn5
Flour, equal to qrs. *t«"M»w
Wheat
]
Maize
qrs...
\
940,000
Last wee*.
2,205,000
225,000
915,000
of wheat, flour
1901.
3,854,000
316.000
810,000
and
1900.
2,107.000
273,000
740,000
—
AUGCST
'
.
.
THE CHRONIC) LE.
1902.]
16,
BnglUh Financial markets— Par
Cable.
The dally closing quotations for securities, etc., at London
are reported by oable as follows for the week ending Aug. 15:
LONDON.
Bllver. per ounce
Consols., new, 2%
d.
Sat.
Mon.
Tuts.
Wed.
TKurs.
m.
24S 16
24k
246 18
95 k
24k
95k
243 16
95 »8
243 lt
953g
953a
95k
957 l6
969l8
Fr'ohrentestfnParisJfr. 100-80 loo-ao
80ia
p.ots.
538
Atoh. Top.
& Santa Fe.
Chesapeake & Ohio....
Chica. Great Western..
Paul...
Rio Gr., oom....
Preferred.
do
Chic. Mil.
Den.
Do
&
M
95
105 k
Q
112k
99%
141k
•<
<k St.
P
O087k 10075
80*8
80k
5k
5k
7
94
105
11238
M
& Nashville..
Kan. A Tex., com..
Louisville
Sffo.
National BR. of Mex...
«. Y. Cent'l dt Hudson..
IT. Y. Ontario & West'n
Do
•Phila'!
do
fa
Q
190k
46
95 k
96
40 78
40k
70k
z,
168%
O
K
O
pref.
A Read
'Phila.ARead.,lstpref.
& Read., 2d pref.
•Phila.
©
1
Q
U. 8. Steel Corp., oom..
Do
do
pref..
Deb. "B"
Price per share.
Do
*
O
K
•
172k
152k
171%
1536s
30
32
30k
64%
64k
32
7138
96
70
96
81 78
81k
34k
44
34
44
3738
70*8
7068
100
110k
94k
40%
8
37k
40%
99%
110k
94
40 78
91%
91k
31k
48k
78k
31
47 k
78 k
46k
96k
95%
40 k
70*3
55
172
154
65
96k
81k
34k
44
44
37k
70%
37k
7
71
8
100
110>a
91%
81k
47 k
78 k
1901
94k
41%
92k
32
48%
79k
1899.
$8,412,705
314,247,110
$9,674,770
324,953,873
$7,888,861
270,875,730
weeks $292.347.251 $322.659,815 $334.628,643 $278.764,591
and
1900.
EXPORT! AMD IMPORTS OP SPECIE AT
HEW YORK.
Imports.
Exports.
30%
32%
Sold.
Week.
Since Jan. 1.
Week.
SineeJan.l.
65 k
194)
$184,625
168k
84%
18,774,514
4,921,099
595,669
42,776
367,974
103,046
72 k
96k
7
81
8
34k
44
4ik
40»8
40 78
7068
553a
173 k
1900.
Note.— As the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also compiled by the Custom House, we shall from
time to time adjust the totals by adding to or deducting from the
amount "previously reported.
The following table shows the exports and imports of
jpeoie at the port of New York for the week ending Aug. 9
*nd since Jan. 1, 1902, and for the corresponding periods In
156
30%
32k
34%
72k
96k
81%
84k
100
110
94 k
40 7s
33%
191k
46
168
34%
35k
69k
563a
191
19k
19
167
19
168
34%
41k
8outh'n Railway, com.
55
95k
40k
70k
54%
Total 32
5k
142k
56k
33k
190k
45%
80k
105*
i4ik
32k
89,513,910
for the week..
"rev. reported 282,833,341
95 k
1901.
1902.
959 18
105%
56
32
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending Aug. 11, and from January 1 to date.
EXPORTS FROM HEW YORK POR THE WEEK.
ipeoie)
95- 18
xll2k 112%
x97
97 k
99k
32»8
o
M
H
<
113%
1405s
56
55 k
174
153
30 k
32 k
65
19
105 k
95k
99%
53%
192k
46
943a
5k
140%
70%
55
8
100-85
803a
325
Vest Indies.........
South America
HI other countries.
37k
74 k
18,000
$544,445 $24,989,703
11,590 29,201,518
Total 1901
Total 1900
41%
$519,445
7,000
8,650,003
100
112
38,315,608
98,329
30,420
$38,749
67,420
16,566
$1,540,500
1,746,829
1,555,436
Imports.
Exports.
Silver.
95
Week.
41 78
92%
32%
Since Jan.
1.
$416,990 $19,172,901
564,203
34,477
1,000
149,484
62,661
49 k
80
700
Qommzxti al and f^tsjcjellaujeoxis %exo j
$4,866
487,550
25
209,294
21,142
758,440
109,183
all other countries.
Total 1902
National Banks.— The following information regarding
is from the Treasury Department.
SineeJan.l.
$2,997
$338
1,088
1,618
34,185
47,881
353,617
396,720
16,623
$36,577
90,750
100,350
f8l8,876
2,297,037
2,752,021
436
6,178
$451,467 $19,947,132
617,610 30,089,752
864,873 31,351,545
Total 1900
Week.
national banks
NATIONAL BANKS ORGANIZED.
Certificates Issued July 22 to August 0, 1902.
6,347— The Bannock National Bank of Pooatello. Idaho. Capital,
;
;
;
;
;
.
WEEK.— The following are
New York for the week ending for dry goods
IMPORTS AND EXiORTS FOB THE
the imports at
Aug.
Aug.
7
8,
for the week ending for general merchandise
also totals since beginning first week January,
and
FOREIGN IMPORTS.
War week.
1902.
Dry Goods
Gen'l mer'diee
Since Jan.
Dry Goods
tally results.
We omit two
Lyman
Fargo. President; Geo. E. Ford. Cashier.
6,348— The Sherburn National Bank, ttherburn, Minnesota. Capital,
$25,000.
A. L. Ward, Presldeut; C. E. Landin, Cashier.
Conversion of the Sherbarn 8tate Bank.
6,349 -The First National Bank <>f Pelioan Rapid*. Minnesota. Capital, $25,000.
P. M. Joloe. President; O. F. Uiland. Cashier.
6,350— The First National Bank ot Le Raysville. Pennsylvania. Capital, $25,000
, President; J. F. Hatj<h. Cashier.
6,351—The First National Bank of White Plains, New York. Capital,
.Cashier.
$100,000. David Cromwell, President;
Conversion of the White Plains Bank.
6,352— The First National Bank of uass Lake, Minnesota. Capital,
$25,000. A. F. Ferris, President; H. E. Reed, Cashier.
6,353— The Union National Bank of Warren. Ohio. Capital, $100,000.
Thomas H. Gillmer, President E. D. Kennedy, Cashier.
6,354— The First National Bank of Monrovia, Indiana. Capital,
Nathan E. Hub$25,000. William C. Osborne, President
bard, Cashier.
6,355—The Continental National Bank of Denver. Colorado. Capital.
$300.000.
H. J. Alexander, Cashier.
, President
6,356—The First National Bank of Madlsonvillo. Texas. Capital,
$25.000.
.President; Dave H. Shapira, Cashier.
6,357—The First National Bank of Clear Lake, South Dakota. Capital, $25,000.
John Swenson, President; J. A. Thronson,
Cashier. Conversion Farmers' State Bank.
6,358—The Farmers' & Merchants' National Bank of Hobart, Oklahoma Territory. Capital, $25,000. A. H. Bedford, President
. Cashirr.
6,369—The Fii st National Bank of Atwood, Illinois. Capital. $25,000.
Thomas Breve Sr., President T. D. Slater, Cashier. Conversion Atwood State Bank.
6,360—The First National Bank of Welsh, Louisiana. Capital, $25,000. Lee E. Robinson, President Fred D. Calkins. Cashier.
6,361—The First National Bank of Granger, Texas. Capital, $35,000.
Wilford McDanlel, President;
.Cashier.
6,362— The Orville National Bank. Orville, Ohio. Capital, $40,000.
H. H. Stranss, President; A. N. Brenneman, Cashier.
6,363—The Citizens' National Bank of Raton. New Mexloo. Capital,
$50,000. S. W. Clark, Vice-President; M. M. Dawson, Cashier.
Conversion Citizens' Bank.
$50,000.
House Banks.—Statement
week ending Aug. 9, based on average
JNew York City Clearing
;ondition for the
1901.
1900.
1899.
82,319,568
9,815,137
$2,260,546
6,593,341
$2,070,234
8,400,081
$12,134,705
$8,853,887
$10,470,315
$9,586,652
$76,063,399
263,384,994
$63,545,942
254,820,888
$1,902,804
7,683,848
1.
$76,525,178
Gen'l mer'dlse 265,036,340
864,807,747
278,334,708
Total 32 weeks *341,561.518 $343,142,455 S339.403.393 $318,366,830
The imports of dry goods for one week later will he found
in our report of the dry goods trade.
BANKS.
ciphers (00) in all cases.
Re-
Capital. Surplus.
Loans.
*
t
»„„
is.uk of N. T.... 3,000,0 3,220,7 18,752,0
Manhattan Co... 2,050,0 2,886,0 25,416,0
ferchants'
2,000,0 1,213.8 18.736,4
eohanlcs' ...... 2,000,0 2.476,5 13,520,0
1,500,0 8,876,3 21,799,5
henix
1,000,0
266,1
6,700,0
Jlty .............. 35,000,0 15,166,1 182,531,2
800,0 7,212,4 25,022.3
Merchants' Ex..
600,0
288.8
5,229,1
Aallatln
1,000,0 2,118,5
8,920,0
Sutoh.A Drov's'
800,0
77,4
1,751,7
deoh. A Traders'
400,0
161,6
S,o46,0
200,0
184,5
1,156,4
Leather M'f'rs..
509,8
600,0
4.699.0
Seventh NatloB'l 1,700,0
120,4
8.471,7
a. rnerioan Exch.
5,000,0 8,486,1 20,108,0
10,000,0 7,266,6 74,635,2
Broadway
1,000,0 1,874,8
7.067.2
Mercantile
1,000,0 1,386,8 14,305,2
Paolflo
422,7
549,0
3,348,9
450,0 1,010,6
6.002,2
861,3
200,0
2,064.1
North America.. 2,000,0 1,968,9 16.412,2
Hanover
8,000,0 6,763,1 48.644,6
irvlng
978,8
1,000,0
5,726,0
601,2
CUtlsens'
0,011.8
1,550,0
295.9
500,0
2,810.9
Market* Fulton
900,0 1.017,1
0.280.0
Shoe
Leather. 1,000,0
266,7
8.921,2
Oorn Exchange.. 1,400,0 1,838,8 35,014,0
420,8
1.782,0
800,0
tmp't'rs'ATrad. 1,500,0 6,288,0 23,471.0
wl
* * m
*
2,000,0 4,803,5 68,300.2
146.6
1.206.4
250.0
Fourth
8,000,0 3,669,7 21.871.0
667.3 10,654,0
1,000,0
9.897.0
800,0 1,174.4
Wrst
10,000,0 12,274,5 77,082.4
N.T.Nat'lExch.
500,0
367.3
6,199.4
Bowery
772.8
2.616.0
250,0
611.1
N. Y. County....
200,0
3,945.1
OermanAmeri..
486.2
760,0
8.028,0
Chase.
8,181,0
41.080,8
1,000,0
Fifth Avenue ...
9.168,9
100,0 1,483.8
Sherman Exoh...
621,4
2,060,0
200,0
860,1
2.926.6
200,0
800,0 1,189.0 10.645.0
9arfield
7.468,8
1,000,0 1,262,1
Fifth
2,8518
890,4
200,0
Bank of Metrop. 1,000,0 1,288.8 8,218,7
West Side
2,930.0
472,0
300,0
Seaboard
600,0 1,128,4 12,985,0
Western
2,100,0 8,049,4 40,197,6
1st Nat., B'klyn.
4,040.0
588,0
800,0
Lilberty
872,2
7,377,9
600.0
N. Y. Prod. Ex.. 1,000,0
443,0
4,293.9
SewAmsterdaia
664,1
7,281,5
600,0
491,4
4,860,0
850,0
United States...
4,603,1
448,4
600.0
.
A
ISm
t
Tot»1
t,
»•
of
of
Specie.
*
2,947,0
7,884,0
2,011,2
1,957,0
2,990,8
1,259,0
28,054,3
6,082.6
814,7
878,0
443.6
470,0
108,4
948,2
1,318,9
4.036,0
9,821,7
1,000,8
2,008,6
275,8
673,5
150,8
2.478.4
7.987.7
700.0
872,4
411.4
842,7
944,8
3,779.0
175,0
4,124.0
16,290,1
145,8
8,253,0
2,827,0
1,622,0
19,481,7
1,021,7
850,0
761,0
671.6
10,218,7
2,477,1
220.0
414.6
586,7
1,495,5
487,7
1,657.1
468,0
2,284,0
9,118,8
709,0
1.8S8.8
666.0
1.384,1
874,0
906,8
Legale.
»
Deposits serve
$
PC.
1,777,0 18.494,0 25-5
1,981.0 31,430,0 29-7
1,608,3 15,488,0 23-8
1,260,0 13.895.0 241
3,001,4 34,485.8 24'4
814,0
6.919,0 26-4
8,319,9 119,717,3 36-2
2,242.7 26,118,6 291
601.4
6.601,1 262
891.6
6,883.2 25-6
79.8
2.070,0 250
287.0
8.615,0 209
204,4
1,090.0 28-7
221,1
4.637,6 25-1
820,9
6,468,0 253
1,901,0 23,210,0 259
6,008.2 65,038.9 21-4
261,1
6,087,7 21*8
1,793.7 15,360,8 249
435.0
3,789,5 18-7
809 1
6,989,4 24'7
627,2
2,698,7 30'1
1,287.8 15.492,0 239
0.807.5 65.616,4 25-8
462.2
4,910,0 28 6
0.702,0 23-5
708.4
25B.0
8,110.7 21-5
677.7
0.485.3 28-4
4,479.9 259
216,4
2,849.0 37,911,0 23-7
1.720,0 29-1
327.0
1,192,0 31,208,0 260
4.401,5 68,853,7 28'8
180.8
1.304,9 24-9
2,720,8 33,745,2 251
987,0 18.564,0 213
1,112,0 10.722.0 240
2.088,1 75,118,0 28-0
5,280.1 20-7
892,8
8,003,0 20-2
257,0
4,733.9 24-1
880,0
8.488,3 23*8
213.3
2,388.0 49,420,7 241
184.1 10,200,9 200
497,0
8,075,0 38*8
4,684,0 22-7
649,6
2,477,0 12,041,4 25-4
275,4
7,340,8 211
2,448,6 262
180,1
8,578,6 21-1
611,6
3,142,0 24-6
316,0
1,714,0 15,802,0 259
2,910,9 47.073,2 25'2
4,760,0 35-1
966,0
7,196,8 25-1
425.0
4,211,8 257
418.7
8,115,9 21-0
621,7
1,868,0 25-4
236.0
4,826,4 230
91.7
100072,7 1146371 928,494.8 1714684 77,473,6 959,813,0 26-9
Reports of Non-Member Banks.—The following is the
itatement of condition of the non-member banks for the
*eek ending Aug. 9, based on averages of the daily result
We omit two ciphers (00) in all cases.
.
e
....
.
..
:
THE CHRONICLE.
326
BANKS.
Capi-
100s omitted.)
tal.
Lte.1. Deposit .with
Sur- Loans A
Invest-
plus.
Sped*
Othei Devout
Agent. Bks.&i
dtS'k. Olear'i
Notes
ment!.
N«w yobk City
Borough of
Manhattan,
«
»
100,0
••••• 300,0
Oolumhla
{fourteenth Street. 100,0
200,0
aanaevoort
200,0
Hamilton
Mount Morris ...... 250,0
200,0
Mutual
Nineteenth Ward. 200,0
100,0
Plana
100,0
Kiyertude
100,0
State
200,0
Twelfth Ward
Twenty- third Wd. 100,0
100,0
TorkTllle
100,0
Washington
200,0
Fidelity
100,0
Variok
200,0
Jefferson .
100,0
Century ...... ..
Waeh'gton Heights 100,0
United National. 1000,0
Boro'h of Brooklyn
150,0
Bedford
100,0
Broadway
800,0
Brooklyn
Eighth Ward... .... 100,0
100,0
Fifth Arenue.....
Manufact'rs" Nat'l 252,0
600,0
Mechanics
100,0
Merchants'
Nassau National.. 800,0
800,0
National Otty
100,0
North Side
100,0
Peoples
Serenteenth Ward 100,0
200,0
Sprague National .
Twenty-sixth Wd. 100,0
200,0
Union
100,0
Wallabout
246,4
93,6
42,9
110,4
91,6
180,7
170,6
240,6
Other Cities.
1st Nat., Jer. City.
Hud. Co. Nat., J.O.
Sd Nat., Jer. City.
3d Nat., Jer. City.
1st Nat., Hoboken.
tdNat.. Hoooken.
f
I
161,1
87,0
68.9
89.6
99,5
98.7
130,6
109,7
1624,6
6,0 1954,3
2894,5
58,0
1660,8
124,"2 1769,3
8082,4
960,6
220,0 6518,0
1804.0
61*8 1368,9
7,8 1669,4
714,0
22,2
564,5
"*4
725,0
4 1035.3
147,8
284,2
1175,6
72,3
51,8
104,6
118.8
22.8
31,8
80,2
36,4
52,*
68,8
14,3
14,7
51,9
2443 5
"7*7
246,8
93,7
271,
143,2
102,7
78,0
116.0
98,6
132,4
208,0
74,7
141,0
159,0
115,1
158.6
40,8
I
2220,0
8,0 3069,0
140.0
142,8
350,0
481.4
130,2
122.2
133,7
199.3
170.8
17,7
80,9
482,5
352,9
83,7
628,8
576,2
163,8
136.7
75,9
261,6
55,9
186.0
63,4
1450,8
1644,0
1468,4
339,6
10.6
12,4
76,6
88.4
117,8
49,8
6,8
743,0
42,9
39,1
24,2
109,8
186,8
76,2
803,0
253,0
46,7
89,2
42,7
2954.9 818,3
8762,8 209.8
794,8
3911,0
2934,0
944,0
1261.2
632,2
1038,6
523.6
1326.6
777,4
8,8
180.0
117,0
10,8
46, 8
8.1
101,8
7 6
39,1
83.2
708,6
66,8
21,0
84,0
20,C
is'i
78,0
180.C
49,1
61,7
61,6
618
46,1
6,1
1528
28.7
78,8
26,8
108.5
82,6
50,0
1684,8
1847,0
1608.3
399,8
729,8
8370.8
4805,8
882,8
4262,0
3131,0
1002,4
1318,1
613,6
929,7
673,0
163,8 1,353,2
64,1
774,7
88,*
107,0
169,2
14.5
669,2
740,9
259,9 1262,2
60,0 211,1
14,4 190.2
62,1
372,9
24.0 161,0
478.4
102,*
67,6
19,(
6949,0
1999,0
1077.7
1226,9
2203.9
1059,2
14.1
991,7 4784,0 270,7
71.*
619,1 2308.0
82,0
304,4 1223,0
50,8
258,0 1125,f
493,5 2451,1 120,0
27,0
127,5 1022,7
400,0
250,0
260,0
200,0
110,0
125,0
136,6
84,1
142,4
845,3
10P.4
448.0
827,0
22,6
17,0
47,8
580, C
74,9
96,6
181,5
249,8
124,6
43,9
40,1
10,1
24,*
21.4
Philadelphia Banks.— Below
returns of the Clearing
weekly
of
the
we furnish a summary
House Banks of New York City, Boston and Philadelphia.
BAMK8.
Capital d
Surplus.
&
Boston
City,
Loans.
*
Phlla.*
July 26..
Aug.
77.713,*
79,390,1
79,680,6
77,47 3,e
52,322,0 188,014,0 16,387,0'
We omit two ciphers in all these
9
%
940.892.P
962,097,2
857,145,6
959,648,0
31,809,6
31,987,7
32,184,1
31,880,2
15178734
15165688
14772171
11851480
6,000,0 126,379.8
4,995,0 117,528,8
4,993,0 117,669,6
214,216,0
217,196.0
217,552,0
8,900,0 109,963,6
8,936.0 135,179,2
8,913,0 93.268,6
liguret.
and Phtladelonla the Item
* Including for Boston
Wheat.
Exports
New York
Whmt.
Vltwr.
'
dne
other banlrn.
r,o
Oatt.
Corn.
Beriiv.
lit*.
BiU.lWlbi Bush.OOlbt Buth.Mlbi Buih.Silbi BushASlbt
Chicago
113.721
Milwaukee
Minneapolis
132,518
6,700
1,«82,467
80,876
28,600
26,550
675,810
12,810
23,920
1,064.580
89,600
146,740
180,300
1,932,115
87,500
98,000
131.500
186,636
.
Detroit
Cleveland
Bt. Louis ...
. .
124,726
88,580
114,465
162,290
74,781
46,180
1,971.472
116,370
211,312
461,235
120.500
206,800
city.
Bit.
985
10,300
14.474
204,750
141,000
1,037,800
241,000
16,960
Kansas
08
U
64,876
16,000
12,800
1,106.218
3,184,399
95,180
141,929
2,888,447
4,894,949
flame wk.'OO.
Since Aug. 1
341.U0
6,437,668
2,687,559
4,897,687
140,058
221,850
812,936
98,419
1902
1901
1900
813.487
842,091
716.345
15,316,281
2,831.983
8,166,026
12,989,757
12,198.408
6,032,092
8.097,862
8,686,428
8,660.710
107,171
202,956
382.083
281.977
562.235
197.801
The receipts of flour and grain at tbe seaboard
the week ended Aug. 9, 1902, follow:
Hour,
Boston,
Monties.,
Philadelphia,
Baltimore
ttlohmond
Mew Orleans*-
HewportNewe
Norfolk
»»lY«iton
Portland.
127.T7H
31,381
62.118
63,6*1
99,677
2,015
11,055
23.H20
714
...-
Me
Pensaoola
Mobile
Total week
Week
bbls.
,
1901.....
245.679.281
Corn,
.flour,
bbls,
bush.
49,974
hush.
829
1.40O
3,629
420,648
466,849
Wheat,
buth.
842,225
26,559
067,825
826,M8«
486,540
29,610
359,000
£02.240
Csrn,
tin*.
Oats,
bush.
94,500
23,924
4,190
18,8*3
330,000
62,293
31,536
30,499
52,1-02
65,(188
86.232
6.000
9,5*0
82,200
porta
Barlst
f o>
R*j«,
bush
bush.
P**s,
Barlet
bush.
bw y
695
8,171
929
29,'?82
..
46 574
1.104
4,203
1,315
13.062
714
Rewo'rtNewe
Montreal
Pensaoola.
23,829
46.138
802,240
670.167
66.865
20,064
MC0
3.529
275.H81
695
30.591
Total week .8,379.108
62,742
24,718
36,884
Same time '01. 8.169,012 678,217 891,178 450.365 121,135 36,881
The destination of these exports for the week and since
July 1, 1901, is as below:
.
Week
Qontinent.
Ittaer countries
3S.845
14.485
21,898
1.892
25,825
Total
Total 1900-01....
275,681
391,178
America.
C.
i. ft
West Indies
Sr.N.Am. Colo's
The
Week
Since July
Aug.
1902.
1,
-Corn,-
-WTieat.-
-Flour.-
BxporUfor
week and since Aug. 9
July 1 to—
bbls.
United Kingdom 178,238
1,827,497
1.471.191
1,021,150
259,653
Sine* Jult
bush.
25.669
77,117
128,570
3.879.108
14,514.074
26,372,638
62.742
672,217
8.4611,012
1902.
bush.
108.685
167.983
20,939
110.665
40,978
25,196
1.
9,
1,300
8,151
24.161
3,561
lOO.S'/O
143,759
10.967
121,479
1,689.382
1.980.254
Aug.
1902.
bush.
8,609,074
6,771,730
1,700
1,
bush.
bbls.
Week
Sinee July
9.
~~474,325
8.963,879
supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
visible
In stori at—
York
Do
oiton
Philadelphia
Baltimore
New Orleans
3alTeston
Montreal
Toronto....
,.
Buffalo
Do
afloat
Toledo
Do
Barlty
•Ufte.
10,000
23,000
2,000
27,00u
8,000
"7,006
20.006
19,000
5.000
61,000
79.000
10,000
71,000
3.000
3.0C0
248.000
2,000
"9*006
129,066
iss.bod
'31,000
841,000
"3,000
6,000
14,000
4,571,000
810,000
173.000
32.000
2,000
"i',660
afloat
afloat
Milwaukee
afloat
357.000
1,637,000
loluth
1.000
afloat
Minneapolis
Bt. Louis
Do
av*,
buth.
13,000
2,861,000
Jetrolt
Do
19,000
afloat
Itloago
Do
Do
"
993,000
Do
Oat*,
bush.
hush,
158,000
t>u»».
afloat
as follows:
Com,
86l.oor
17,000
121.00U
eos.ooo
1.07S.OOC
834.00C
1,134,000
119,000
12,ooo
786,009
•Tew
was
9, 1902,
Wheat,
" 3.000
8.720.0OQ
8.816,000
..
10.000
8,000
866,000
3,000
66,000
11,000
7,000
12,000
afloat
CansasClty
On Lakes
On oanal and rlrer.
Total Aug.
'
718.000
690.000
687.onn
160.000
l.iws.ooo
122,000
Peoria
Indianapolis
On Mississippi Hirer.
. .
31,000
21.000
64.000
145,000
119,000
13 on*
23,000
116,000
424,000
26.000
9.1908.. 21,773.000
35,000
1,646.000
2,877,000
4,445,000
6.857,000
3,887.000
6,168.000
7,281,000
13,298,000
11,861.000
10,186.000
Aug. 2, 1902. 21.973,000
Aug. 10, 1901.. 28,219,000
Aug. 11. 1900.. 48,218.000
Aug. 12, 1899.. 86.256.000
S9.000
135,000
330,000
360,000
358,060
297,000
271,000
722,000
624,000
572,000
—
Auction Sales. Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction,
By Messrs. Adrian H. Muller
Son:
&
Stocks.
Stocks.
56 Bk.of the Manhattan Co.331
50 Chelsea Kealty Oo
110
By
25 N. Y. Seourity
& Tr.
Co. 1399
42 Corn Exchange Bank
Messrs. Richard V. Harnett
Co.:
445
&
1C0 Boston Hartford
&
Shares.
Erie
RR. Oo
Saufeiug
2T
atxxX
16^0. a share.
financial.
&
Co.,
....
NEW YORK
Transact a general banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
INVESTMENT SECURITIESMembers N. Y. Stock Exchange.
Branch
Moffat
Office,
66 State
St.,
Albany
White,
&
Members New York Stock Kxchnnge,
1 NASSAU STREET, CORNER WALL.
Dealers in Investment Securities.
Bt*.
81,350
"Ydi
600
Trask
BANKERS,
zr
& 29 PINE STREET,
•us*.
Tel. 6820-6821 Cortlandt.
Telephone Stock* a Specialty.
2.376
Tracy
6c
Co., Bankers,
No. 40 Wall street,
680,866
240,000
65,885
CHICAGO.
NEW YORK.
Connected by priyate
wire.
MILWAUKEE.
Dealers In High Grade Bonds.
List of Current Investment Oferings sent
_.-j__
8,816,000
6,761,686
Oats.
94,120
15.B11
7,461
Norfolk
Spen<
22,012
9,700
7,295,866
Retsipit el-
825,632.111
14,300
6,149,836
Hew York
from—
885 579
61,000
fortland, Me. 210,000
Philadelphia.. 218,000
Baltimore
507.984
flew Orleans.. 487.273
1.092
13.660
420.625
433,589
TOt.WS.10C2
Same wk. '01.
239.825,883
Boston
Total
Tota!
Total
Breadstnfls Figures Brought from Page 354.— The
statements below are prepared by us from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Aug. 9
and since Aug. 1, for each of the last three years have been,
KiMiptt at—
108,637.640
69.566.li21
The exports from the several seaboard ports for the week
ending Aug. 9, 1902, are shown in the annexed statement
Totfti
*
118,008,080
60.580,601
3,612,860
8,941.447
"
n.Wlirm4Pt.ArthUT
6,818,0 207,754,0
6.214.0 205,676.0
6,760,0 2C4, 622,0
56,721,0
57,278.0
66,687,0
44,764,0 184,815,0
44,764,0 185,040,0
44,764,0 186.822.0
2..
9..
Circ'l'n. Clearing*
Depositt.i
Legals.
Specie.
8
W. Y.»
$
*
July 19.. 211.947,3 903,327,8 1731887
" 2P.. 214.609,8 913,294,5 1741866
Aug. 2.. 214,609,8 819,671.6 1734439
"
9.. 214,609,8 926,494,8 1714684
Be».*
July 28.. 52,322,0 186.183,0 17.048,0
Aug. 2.. 52,322,0 186,245,0 16,930,0
9..
55,173,410
115,741.569
45,174.474
7,516,455
1.693.2U3
"
"
isaboard ports, Aug.
Totals Aug. 9.. 8612,0 9383,4 74979,0 3486,! 4011,8 8839,6 2211,7 80384,6
Totals Aog. 2.. 8612.0 9383,4 76129,2 3470,1 8981,9 8160,2 2143,1 78991,2
Totals July 26.. 8612,0 9326,6 76324,4 3674,3 4183,2 7855,7 2247,1 80170,6
New York
26,274,779
1.601,363
1,833,581
94.2B1.640
90A2fi,965
46,614,194
3.146,298
3.566,885
bush. <!8,287,933
"
11,736,934
Total grain.
compare as
9
1890.
12.692,050
Wheat
Oats
Barley
iye.
Aug.
1900.
12,783,416
1902.
bbls. 11,980,641
Corn
to
1
1901.
13,223,604
of—
fflour..
Mobile
26,0
100,0
l8tNat.,Staten Isl
«
t
58.2
122,0
185,3
12,5
90,8
126,0
41,2
29,7
147,0
19,0
383.0
80,0
46,0
59,8
2354,5
1680.C
1804.7
2830,0
101,1
946.3
864,4 4992,(
73,3 1438.C
82,2 1148,5
252,0 1498,3
9,8
43.3
710,0
9.4
106,!
678.B
2,6
62,e
725,4
9,7
77,1 1119,3
3,2
262.8
57,6
7,4
100,7
404.6
209,1 2120.7 238,4
.
Borough of
Richmond.
Bank of Btaten Isl
1990,1
2864,(
1919,8
1541,2
1819,8
168,"!
«••
Colonial..
Total receipts at ports from Jan.
follows for four years:
Receipts
LXXV.
[Vol.
235,631
652,467
661,136
1,009,993
704
64,800
83,728
116,182
w „„,*„« New York Stock Exchange.
MemDex8
i Chicago Stock Exchange
1
on Application.
Commission Orders
Executed In all. Marker;
;
.
August
THE CHRONICLE.
16, 1902.]
oommeroial, 50c. discount; Chicago, par;
autim'
(Sasette*
DIVIDENDS.
iVumt
o]
When
Per
Company.
Cent Payable
Railroads (Steam).
Canadian Paoino, com
pre!
do
do
Cin. N. O. & Texas Pac, pref. (quar.).
2>u Oct
3
5
Aug 20 Aug 16
1 Aug 22
Sep
to
to
Aug
2
1
4
Miscellaneous.
3*3
2
1
1 34
2
1
Aug
Aug
Sep
1
1
1
Holders of
Sep
1 Aug 21
Aug 20 Aug 12
Aug 20 Aug 12
Sep 15 Aug 29
Oct
15 Sep 29
Aug 30 Aug 15
Sep
1 Aug 22
Aug 20l Aug 14
1
1
Aug 20 Aug 14
1*2 Aug 30 Aug 21
\h, Aug 15!
1»4 Sep
II Aug 24
Va.-Carolina Chemical, com. (quar.)...
Western Telephone <fe Teleg., pref
I
2
'Aug 30'Aug 16
1
1
Aug 31
Oct
1
Aug 31
Aug 19
19
Sep
rec.
1
Aug 23
Sep
to
to
to
to
to
to
to
to
1»4
Quaker Oats, pref. (quar.)
Bailway Eouip Corp. (monthly)
Oct
Oct
lli
North Pennsylvania (quar.)
Street Railways.
Coney Island* Brooklyn (quar.)
Penn. <fe Mahoning Val., pref. (quar.)
do
pref. (quar.)
do
Laclede Gas Light, com
com.
(quar.)
National Biscuit,
do
pref. (quar.)
do
N. Y. & Hoboken Ferry (quar.)
Pittsburg Brewing, com. (quar.)
do
pref. (quar.)
do
7
Aug 1
Aug IS
2
—
Sep
Sep
;
to
to
Colorado <fc Southern, 1st pref
Hartford <fc Connecticut Western
Oct
Sep
Oct
1
Aug 20
Aug 20
to
to
Sep 15
Oct 16
Aug 30
Sep 1
Aug 20
Aug 20
Aug 31
to
to
Aug 31
Aug 29
2s,
2s,
2s,
2e,
8s,
8s,
8s,
3s,
4s,
4s,
4s,
4s,
5s,
6s.
WALL. STREET, FRIDAY, AUG. 15, l90«.-5 P. n.
The Money Market and Financial Situation.— Owing to
the unfavorable showing of last Saturday's bank statement,
an advance in call loan rates to 4 per cent and apprehension
that the money market might become still firmer, the stock
market was decidedly weak on Monday. Subsequently the
theory that no serious money market stringency is likely to
occur in the near future found a steadily increasing number
and the security markets have broadened day
The theory is based on the favorable outlook
of adherents,
by day.
par
lowing.
Aug 1 T'ly 27
Aug 17 Aug 13
1M
American Cereal (quar.)
American Coal
American Window Glass, pref
Barney <fe Smith Car., pref. (quar.)...
Fay (J. A.) <fe Eagan, com. (quar.)
Books Closed.
(Days Inclusive.)
to
to
to
to
to
to
I
St. Louis,
San Francisco, 5o. per $100 premium.
United States Bonds.— Sales of Government bonds at
the Board are limited to $9,000 4s, reg., 1907, at 108%; $1,000
The following
5s, coup., at 104, and $500 3s, coup., at 105}£.
for yearly range see third page folare closing quotations
7
1 Aug 26
1 Sep 11
31 Aug 21
25 Aug 14
2
327
Interest
Aug.
Aug.
Periods
9
11
Q—
Jan
registered
1930
coupon CJ—Jan
1930
1930 jBmauLreglstered
coupon
1930 .small
registered Q— Feb
1918
Feb
coupon
1918
q—
1918, small.registered Q— Feb
coupon Q— Feb
1918, small
registered Q— Jan
1907
coupon Q— .Tan
1907
registered Q— Feb
1925
coupon Q— Feb
1925
reg'.stered Q— Feb
1904
1904
•This is
Q
O
o
H
a
&
<
i
o
H
H
Aug.
12
Aug.
13
A
Au
t
*107i* *107i4 *107>4 *107>4
*107"4 *107>« *107i4 *107>4
fr
*1074
*107k
*i*05ii *i"05»4 *io5»4 *105»4 *i05'i
*106>a *105»4 •10534 *105»4 *106»4
......
...--.
*105Vj
«108i4
*108>4
•132
*132>4
*105 34 •10534 •10534 *105A
"104
*104
"104
104
108^ *108>4 MO8I4 *10g>«
*108i« •IO8I4 *108i4 *108i4
*132
*132
*132>4
•182k *132>4 *132>4
*132
*104 *104
•104 *104
coupon Q-Feb
the price bid at the morning board; no sale waa made.
*132
*104
*104
—
State and Railroad Bonds. No sales of State bonds have
been reported at the Exchange this week.
The market for railway bonds has been dull and relatively
steady. There was somewhat more activity than last week,
however, the transactions averaging about $2,160,000, par
value, per day, as against $1,600,000. With few exceptions net
changes in the active list are limited to a fraction of a point.
Railroad and Miscellaneous Stocks.— The stock market
was weak on Monday, the result chiefly of a firmer money
market, and a long list of active shares declined from 1 to 5
Since Monday the market has developed a broadenpoints.
ing tendency under the stimulating influences noted above,
and substantial recovery has been made. Shares of the
Southwestern group have been favorites, and Missouri Pacific, Texas & Pacific, St. Louis Southwestern and Southern
Pacific issues advanced 2 points and upwards. The grangers
declined under the lead of Rock Island, which suffered a
loss of nearly 9 points, from which it has partially recovered.
The anthracite coal stocks also showed a tendency to weakA few other important issues that declined under the
ness.
pressure on Monday have generally recovered. The market
on prospects that the corn crop will
records and the probability that the yield of wheat
and oats is the largest ever harvested in this country.
Moreover, there is some evidence that the foreign demand
for our products is increasing. The foreign exchange market is already showing the effect of offerings of bills drawn has been irregular to-day. Nashv. Chatt. & St. L. declined
against future shipments of grain and cotton, and the prob- 4 points, Missouri Pac. nearly 2 points and Texas & Pac. a
On the point, while So. Pac. and St. L. Southw. issues advanced.
ability of further gold exports has diminished.
other hand, the demand for funds to move these enormous
The express stocks have continued to make sensational
crops is a factor in the financial situation which has to be advances, the movement being accompanied by a renewal of
considered. It is likely to be a factor of considerable im- rumors that some sort of a community-of-interest plan is in
portance, and the remaining months of the year will doubt- progress. American Ice preferred made a maximum gain
less prove to be a period of unusual activity in financial as of over 7 points.
New York Air Brake and United States
well as in commercial circles.
Refining covered a range of 6 points, the
Reduction
The open market rates for call loans on the Stock Exchange former closing near the highest. Western Union Telegraph
during the week on &tock and bond collaterals have ranged advanced from 88% to 93%. Colorado Fuel &Iron shows a
from 3 to 6 percent. To-day's rates on call were 3% to 6 per net gain and United States Steel issues have been strong.
cent. Prime commercial paper quoted at 4% @ 5 per cent.
For daily votume of business see page 336.
The Bank of England weekly statement on Thursday
The following sales have occurred this week of shares not
percentshowed an increase in bullion of £1,322,657, and the
age of reserve to liabilities was 50-32, against 49'15 last week, represented in our detailed list on the paerps which follow.
the discount rate remaining unchanged at 3 per cent. The
Sales
STOCKS
Range for Week
for
Range Since Jan. 1
Bank of France shows an increase of 3,375,000 francs In gold Week Ending
August 15 Week
and a decrease of 2,175,000 francs in silver.
Agrlcul Chemical.
900 26%Augl4 28>aAugll 21 Mar 32 4J'ly
The New York City Clearlng-House banks in their state- Amer
Buff Boch <fc Pitts rights 1,420
HjAugll
2 Augl2
l^Aug 2 Aug
ment of Aug. 9 showed a decrease in the reserve held of ButterickCo
20 48 Augl4 48 Augl4 41 J'ne 50%J'ne
$4,082,500, and a surplus over the required reserve of Canadian Pac subs 2d pd 200 135 Augl4 135 Aug 14 122igMay 135 1 Aug
Cleye Lorain <fe Wheel.
100 75 Augl5 75 Augl5 35 Feb 84 aMay
$9,031,250, against $13,738,125 the previous week.
Denver & Southwest
100 45 Augll 45 Augll 40 Feb 50 J'ly
Des Moines & Ft D pref. 2,468 132 Augl3 141k:Augl3 132 Aug 150 J'ne
Differences
Distil of Amer tr rects...
600
4 58 Augl2
4 58 Augl2
4 38 J'ly
swiy
1900
1903
1901
from
Pref trust receipts
500 34 Augl4 35»uAugl4 34 Aug 37 J'ly
Aug. 11
Aug. 10
Aug. 9
for a large cotton crop,
exceed
all
&
1
previous week
$
discounts
Circulation
deposits
Net
Specie
Legal tenders
Deo
Deo
6,823.200
303,900
2,497,500
1,975.500
2,107,000
Reset-re held
p. c. of deposits
248,942,000 Deo
239,910,750 Ino
4,082,500
624,375
9,031, 250lDeo
4,706,875
Surplus
Loans
<fe
35
Surplus reserve
Note.— Returns
83,222,700
97,365,600
886,455,600
30,553,200
965,881,000
183,095,600
79,202,700
$
74,222,700
91,036,000
808,046,200
27,411,800
897.409,400
177,029,800
75,448.500
262,298,200
241,345,250
252,478,300
224,352.350
%
100,072,700
114,537,100
926,494,800
31,880,200
959,643,000
171,468 400
77,473,600
Capital
of separate
Ino
Dec
Ino
28,125,960
20,952,9501
banks appear on page 325.
—
Foreign Exchange. The market for foreign exchange is
much easier under liberal offerings of both bankers' and
commercial bills. Rates are substantially lower.
To-day's actual rates of exchange were as follows: Bankers'
demand, 4 8730@4 8740;
sixty day sterling, 4 8490@4 85
oables, 4 8770@4 8785; prime commercial, sixty days, 4 84^'®
documentary commercial, sixty days, 4 83%@4 85;
4 84%
grain for payment, 4 84%@4 85; cotton for payment, 4 83%
@4 84; cotton for acceptance, 4 84)^(34 84%.
Posted rates of leading bankers follow:
;
;
August IS
Sixty
Prime bankers' sterling bills on London. 4 85ia ®4 86
4 84 "a -©4 84 B8
Prime commercial
3
®4 85
Documentary commercial............
. 4 83 4
SIS's @5 18V
Paris bankers' (Franos)
Amsterdam (guilders) bankers
39«i 8 9 40
Frankfort or Bremen (reichm'ks) bankers 94*e 9 9415,,
•
Leas
Demand
Days
4 88
a>4 88*a
5 16's
403 16 *
953ie
®5
®
®
16V
403ia
95»«
*i«.
The following were the rates of domestio exchange on
New York at the under-mentioned cities to-day: Savannah,
buying 75c. discount, selling 75c. premium; Charleston,
buying par, selling 1-16 premium New Orleans, bank, par;
;
General Chemical
Preferred
Laclede Oas (St. Louis).
Ontario Silver Mining...
Union Pacific rights
V S Rflduotion & Refg..
150 66>*Augl3 66!4Augl3
970 10034 Augl5 lOlVAugll
25 89 Aug 16 89 Aug 15
200
9 Augl3
9 Augl3
Preferred
»
67 1 flMay
98»aJ'ne
88*2 Jan
7 s8 Mar
lOHaAug
SsAug
30
69
Feb
9^Jan
91
"sAug
Aug 44°8Mar
Aug 68 Mar
—
The feature of the outside market this
securities of the Seaboard Air Line, the stock
Ontside Market.
week was the
s Augl5
8 Augl2
8
800 30 Augll 36 Augl3
200 59 Augl2 59 Augl2
89,847
63 is J'ly
selling very largely and at greatly improved prices.
It is
estimated that 40,000 shares changed hands, the common
rising from 30^ to 3o% and the preferred from 503^ to 55,
closing at 3434 aQ d 54, respectively. This sharp advance is
doubtless due to rumors of a Southern railroad consolidaUnited States Realty & Construction experienced a
further decline from 35% to 33% in common and from 82%
to 81 in preferred on quite heavy sales. Virginia Iron, Coal
& Coke was very strong, and advanced steadily from 17% to
25 on large purchases the bonds moved up from 70 to 76)£.
Northern Securities shares were again irregular in price, moving between 106% and 107^. Manhattan Transit was quiet
around 7%. Rock Island stock was weak, with a further
drop from 44 to 433^ in common and 79% to 79 in preferred;
the bonds sold at 91@893*j. Montreal & Boston was once
more the leading specialty in the copper group and was in
big demand at
a fractional loss. White Knob was
exceptionally lively and gained 3% points, rising from 19)£
to 23. Bay State Gas was, as usual, dealt in to a large extent at 2@1J^, and considerable inquiry was forthcoming for
New England Transportation at \@%. Otis Elevator common was active and realized 39%@38%, while preferred
brought 1033^(3)1023^. Oregon Short Line 4s (w. i.) were
again a point of interest; the price advanced from 933^ to
%, closing at 94%.
Outside quotations will be found on page 336.
tion
;
2%@2^—
%
'4
1
%
1
1
New York
1
4
1
Exchange— Stock
Stock
5
5
11
.
.
I
Weekly and Yearly
Eecord, Daily,
OCCUPYING TWO PAGES
STOCKS—HIGHEST AJVL LOWEST SALE PRICES
Monday
Saturday
Aug, 9
*38
70
*38
40
70
694
914 93
10238103
100 110 '4
•96% 96 34
07 » 8 68 4
91 3 »
10 3 *
'J
1<>9 34
96 34
54%
41%
924
102%
111%
6538
423s
;
*4S4 494 *484 494
*73
88
76
88
*83
76
91
185%187% 184%
§1944194% 193 193
2424 243
240 242
39% 40
50
"49
(
*15% 16
15% 15%
50
107% 108
123 123
£105
*118
334 34%
79
53
105 34
123
79 4
334 33%
78% 791,
52
52%
51% 53%
1774 179 4 178
278
278
44% 44%
93%
93
51% 51 3
<
21
40 4
21
*39 4
86 "4 87
17
17
30
30\
38%
401,
''43
17tt
280
4 44 3
.
93
92»4
514 52%
"20 4 21
40
40 4
86
86
*17
17 34
"29 4 :;]
38% 39»8
68
68-4
684
534 54 34
62% 63%
53
53
*91
55%
192
92
57
193
614 614
'91
584
92
62
"•1914 193
204 204
98% 101
93V 95
168 170 14 16788 1694
49% 49% 49% 49%
"
86% 86'
§86 34 86 34
204 20%
97 4 101
934 95
46
47
47
85 8 86 4
85%
3
3
353g
35 4 30 ,
59
60 "a
594
33
33 34
33%
*68
"68
72
67
67
66%
125 128 *125
,
'
48 K
s.,
:
'
a&K
59 s
*86
40
,
,
'
,
:i
2914
,
May
Feb
Nov
34
66
91
108
J'ne
97
J'ne
Dec
May
1144May
145 34 Jan 196% Deo
29 May 62% May
27 Ma> 504 Apr
Apr
Nov
Apr
Nov
J'ly 94 34 Mar
May 904J'ne
Dec 56 Mar
Jan 52% Dec
724 Jan
82 %
91 Jan 140
120 4 Jan 136
16 Jan 27
90
75
41
23
58 34 Jan
134 May
175 Maj
168 4 Jan
207 Mar
116% Jan
125 Mar
180 Mar
104 Jan
28 34 Dec
12 Jan
58 May
77 34 Sep
May
May
May
188
200
215
248
Apr
175% J'ne
Nov
Apr
Apr
574 Apr
20% May
146 34
201
31
May
Nov
Nov
60
73 May 101
115 34 Jan 124
6% Jan
Jan
164 Jan
40
18 Apr
60 Dec
28 34 Apr
1854Apr
May
188% Jan
29 4 Jan
80 Jan
258
Jan
45
105
18
Deo
534 May
103% J'ne
J'ne
14% Dec 17 Deo
36 Dec 40% Dec
>ct
82 Aug
75
44 Feb 124 J'ne
13% Jan 224 Sep
24% Maj 45 4 J'ne
59% Jan 75 Dec
39% Jan 62 34 Dec
41 Jan 68 Apr
SI Jan 95 Apr
17 Jan 36 Apr
07 4 May 208 Mar
65 Jan 67 34 Feb
11 4 Apr
7 4 Jan
404 May 75 4 Deo
69 34 Jan 884 Dec
(
1
Ma, 154% J'ne
Jan 43 a4 J'ne
Jan 874J'ly
Jan 41 J'ne
774 Dec 81% Deo
124
21
48
21
134Jan
Jan
35
5% Jan
Apr
Apr
184 Oct
25
49
24 Jan 45 4 Sep
39% Jan 764 Nov
losi„Jan 135 4 Sep
325 Apr
340 Apr25 §230 Apr §355 Nov
1,000 78% Jan 16 91% May 2
67 Jan 90 Deo
87,0s.') 102% Jan 27
52
Aug] 5 76 May 11134 j'ne
46,460 12 s Marl 2 II" -Jan 2!' 83 Maj 145 Deo
.
l.~>
85
133 4134%
127
•85
4 85 34
350
87
135
127
127
64% 644
•130
31
133
3]
62%
•-
118
184 18 '8
38% 38%
163 4 161V
66 4 56 4
'-2
,
Mich. South'n
128
l
• lis
120
119 121 *119 121
•92
*93
•93
95
97
96
236 236 "231 235 *231 235
3
34%
;;:;'i
33% 344 33 4 34
69% 704 69% 7(i',
68 4 70%
•92
95
94
92
94 n4
94
73 74
75
764
73 34 75 34
•
*100 105
*102 105
100 105
"80
*75
81
79
81
80
159 160% 159 159% 159% 160
*41
42
42
41
41
44
•75 4 80
*754
*754 80
k
*85
95
95
96
"96" 97
87" 97
96
96
120 120
'.'14
•93% 94 4 "93% 944
66 4 67%
66% 66% 66% 66 34
MP.- *85% 86%
86% 86% XO
3
72 4 73 14
72 34 73
72% 73
75
75
*214 22 V "21
22
204 204
73 14
73% 73% 7314 73% 73
.
1484 1484 Metropolitan Street
*89
394 Met. West Side El. (Chic.)
•884 91
Do pref
2934 30% Mexican Central
.Michigan Central
112% 112 '8 112% 112% Minneapolis & St. Louis.
•125 127
Do pref
64 4 64'>.
614 64 4 Minn. S. P. * S. S.Marie.
*130 1344 »130 138
Do pref
314 31 3
8 % 32% Mo. Kansas * Texas
63 4 63%
'11
Do
pref
63%
118% 119%
Missouri Pacific
17%
117 119% 1144 in
Nash. Chatt.* St. Louis
18% I8 3 •184 is-,
at. of Mex., vot. tr. ctfs
38 4 38 4
39
Do pref., vot. tr. ctfs
39
163% 164 4 164 165 V N\ V. Central A; Hudson..
56% 57 4 56
57 N. Y. Chic. * St. Louis...
•US 12(1 •lis 120 4
Do lstpref
934 95
95
Do 2d pref
92
23
234
233 233 N. Y. N. Haven & llarlf.
3
33 4 34 4
33% 34 N. Y. Ontario .t Western
70% 71% 69% 70% Norfolk * Western
•92
95
•90
96
Do adjustment, pref.
75
754 74
75
Pacific Coast Co
-100 105 *101 105
Do lstpref
80% 80 34
•79
si
Do 2d prof
159% 160
159% 161% Pen nsyl van 1a
'-.
1
1
.
11
43
*74
*
m
42
so
95
"93% 94 4
06%
07
86
73
86
86%
73
73
22
22
73%
7::',
66<.i
67
56%
73 4
pref
&
L
St.
pref
Securities, "A" ctfs
RK.
eadlng, vot'g tr. ctfs..
lsi pref. vot. tr, ctfs...
2d
1
50 May 177
27 Jan 41
79 4 Jan 93
J'ne
Nov
Sep
2% Jan 30 M ay
§150 Mar 7 192 Apr 29 107% Mar 180 Nov
1,760 105 Jan 2T 115 Apr 19 07 34 Jail 111 1 Jiy
100 1184 Jan 22 127', Apr28 lOl %
124 4 Oct
6,200 364 Jan 2 65 Aug 8 15 Maj 36% Nov
a
1,750 90 Jan 14 133 Aug 11
49 Apr 9l"-i Nov
7,700 24 Mar 6 32%Augl5 15 Jan 35% Apr
8,800 51 Jan 13 64 4 AuglS 37 May 68% Apr
162,900 96% Marl! 119% Aupi:, 09 Jau 124 4 J'ne
11,200 80 Jan 24 122 Apr 22
70 J'ne }82%N<>v
20') Mario c 3% Jan
1,750 cl44 Jan
15% Oct
400 38% Aug 13 15 '-Marls
25,300 153 4 M;i;
168% Jan 2 i'39% J"aii i 744 Nov
5,200 464 Jan 1
57% \u- s 16 Mav 57% Sep
117% May21 124 4 Jan 2 7 97 Mar L20 Sep
"600 84 Feb 4 100 Aug 7 47 Mai 95 Sep
300 209 4 Jan 30 255 Apr 28 <:i«.4 Feb 217 J'ne
10,020 32 Marl! 36 4 Jan 2 24 Maj 404 May
127,655 55 Jan 14 71%Aul-1
42 Jan 61% Nov
LOO SO
Feb 21 98 Jl\ 23 S'J Feb 92% Nov
6,700 67% J 'lle'J.: 764Augl3 52 Feb 78 Deo
1004 Jan 6 106 Mar25 89 Pen 1034 Deo
500 78 J'ly 18 824 Mar 8 63 Jan 83 Nov
55,310 147 Jau 1 161% J'ly 25 137 Maj 161 4 Apr
100 39 Jan s 47 4 Apr 9
l%Jau 50 Sep
100 71
94 NOV
33 J.ui
eh L6 83 Jan 11
80 May 17 l'14J'lv3(' 72 Jan 86 J'ne
400 80 4 Jan 7 LOO J'ly25 57 Jan 81 Dec
300 113 Mar25 128 Mayl4 88 Jan 113 Deo
ne'_
964 Mm 15
;;:;'oi in
Mario 68%
24 4 J ail' 58'" Deo
Dec
2
79 % Mario 87% J'ly 17
Maj
05
1
.
:,
11
|
1.'.
l'.<
1
'4
1
Pitts b. Cin. Chic.
Do
5,610 1094 MaylO 1344J4V2::
1,800 146 Mayl 2 174
I'.n a
38 Feb 7 48 Jan 6
89 Mar 3 91 34 Mar22
6,250 25% Jan I.", 314Mai:;l
1
Marquette
Do
93% 96 4
120
95
"92
Peoria* Eastern
I'ere
'.'7
120
42
1
1
.
etrop. Seour., sub. rec.
1
>b
118%
117
117
,
68
&
',
1
128
174
112% 113%
Shore
Long Island
1 B
4 l.VJ Louisville * Nashville.
134% 135% Manhattan Elevated.
i3t;
*125
L.
s?
135 135%
1284 12 S 1284
1484 148% 148 4 1484 1484
394 •374 39 4 '374 3 '.'4
•90
•90 4 92
*90
92
91
91
29 34
29% 29% 29 4 29% 29% 2','
1124 112 34 112 4 112',
127
1264 1264
64 4 64^
64% 65
3
132 4 133 4 133 4 13314
3
31
31 4
30% 31 U
63 %
63
62% 63%
115 34 117', 115% IKI4
1144 114-8 115 117 3
S
18 s
184 1H 34
*38% 88%
39
39
163 1644 163% 164
56i 8 67=8
56 4 56%
Jan
55% Oct ss-s Apr
77 Mar 122 Nov
116 Mar 146 Nov
87 May 117 4 May
64% Jan 89 Nov
i
88
• 125
Sep
*
83 34
1
;<.'.,
Feb
s
81 34 Jan
1
148i4l49% 149 4 149% 149% 1514
1
20
50
42
70
)
.
Highest
Lowest
.
127% 1294 127
1484 1484 148
*37 4 39 4 '37
*90
Highest
Lowest
Railroads.
Ann Arbor
350
*86
Si
147 4149%
133 134
lor J J ieaout
Year (1901 >
!
,
33",
72
66 3
130
Range
Week
Shares
<fe
183 1854
160 170
195 202
21 34 2214
39 5
39
1834 188
STOCK
tor Year 1D02
ol 100-share lots
<fe
I86I4
•160 170
'195 202
22*4 22%
Range
On basis
0)
the
EXCHANGE
*694 72
41 Hi 42 8
75=8 76
76*4
76
215 217 34 *214 218
-145 146 '141 146
31% 31 s
31 % 31 3j
94
93% 93% •92
90
894 894
890
73
NEW YORK
Friday
Aug. 15
Sales
*38
40
*38
40
33 Feb 20 48 34 Mayl6
*69% 72
"694 72
Do pre!
200 63 Jan 9 77%Mayl5
923,
92
92% 93 1
92 4 93 4 Atcli. Topeka * Santa Pe. 100,716 74% Jan 27 944 J'ly 26
1024 103
102% 103% 1024 103 4
Do pref
13,785 954 Jan 27 103% J'ly 26
111 1114 1114111 s xl09% 110 Baltimore & Ohio
76,250 101 Jan 14 1124J'ly21
97
96% 96% 97
Do pref
8954 954
743 93% Feb 21 97 Jau 2
68
68%
67% 68
67% 67 s Brooklyn Rapid Transit.. 13,910 60% Feb 14 72% J'ly 21
'124 125
'124 125
200 110 Apr 4 125 J'ly25
123% 124 Buffalo Roch. & Pittsb'g.
"140
'140
*140
Do pref
139 Apr 2 144 Feb 19
136% i'37% 137%13S% 137% 139 (Canadian Pacific
24,950 112% Jan 28 141%May26
91
91
*904 91% Canada Southern
600 85% Jan 6 97 May22
*185 189
185 185 •184 187 Central of New Jersey...
200 1804 J'ly 7 198 Jan 6
54% 65% 64% 55
45,400 45 Feb 20 57% J'ly 18
54% 55 Chesapeake* Ohio
42
42
424
43% 42% 43% Chicago* Alton
22,300 334 Jan 22 45% J'ly 16
7634
75% 75% 76
Do pref
77
77
3,000 744 J'ne27 79 J'lyl7
218%
217
400 134 3 Jan 21 220 34 J'ly 30
215 215 Chicago So East'n Illinois
*i*38" 145
Do pref
137% Jan 1 151 J'ly 1
314 324 32 4 32 78 32% 33 Chicago Great Western.. 49,100 22% Jan 25 33 Auglo
•924 934 *92 4 93% •92
Do 4 p. c. debentures
600 904 May 5 95%J'nelO
93
§89 34 89% *89
894 89 4 89 4
Do 5 p. c. pref. "A"..
345 8334 Jan 22 90%J'nc24
49% 50
484 49
Do 4 p. c. pref. "B".. 7,560 434 Jan 24 51 AuglS
51
50
*75
76
764 •73
100 49 % Jan 14 80 May 7
764 764 Chic. Indianap. Louisv.
91
"90
904 90% »ss
Do pref
1,600 75 Jan 16 91 Augl2l
91
185 4 186% 186 186 34 185% 186% Chicago Milw. & St. Paul. 51,020 1604 Jan 27 189% J'ly 25
*192% 194 i 193 4 195% §1934 1934
Do pref
157 186 Jan 14 196%J'ly25
•240 245
243 243
1,500 2044 Jan 14 271 Apr29
243% 243% Chicago North Western
Do pref
230 Jan 18 2744Apr29
180% 183% '182 184 34 184% 185% Chic. Rock Isl'd & Pacific 14,292 152 Jan 15 *200% J'ly 26
"160 170 "160 168
'160 170 Chic. St. P. Minn. & Om.
140 Feb 6 170 4Apr30
*195 202
*195 202
'195 202
Do pref
195 Mar 6 210 Apr 15
22'-.
22% 22 4 22%
3,800 15% Feb 21 23%Apr21
22% 22 \ Chicago Tertn'l Transfer.
"38% 40
40
40
Do pref../.
6,400 30% Feb 20 42 Apr 21
40% 40%
•15
15
15 a4
15%
4,700 10% Jan 8 23 Apr 29
15% 17 Chicago Union Traction.
49
49
300 44 34 Marl 5 60 Apr 2 8
Do pref
50
50
105 34 106
106% 106% 1054 106% Cleve. Cm. Chic. & St. L.
2,300 95% Jan 14 108% Aug 8
100 113 Jan 21 1234 Feb 6
Do pref
334 33 3
33% 34
7,800 144 Jan 15 35% J'ly 17
33% 33 34 Colorado & So., vot. trust
79
79
7«4 79
Do lstpf. vot. tr. cfs. 3,045 59% Jan 15 794Augll
79 4
§79
52
52% 51% 524 514 52
Do 2d pf. vot. tr. ctfs. 15,000 28 Jan 14 53%Augll
17*4179 4 179 179 4 '178% 179 4 Delaware* Hudson
1,800 170 Marl 1 1844 Jan 7
*278 280
'278 280
200 253 Jan 15 297 Feb 4
elaw. Lack. & West'n.
278 278
444 44 4 444 44^4 444 45% Denver* Rio Grande
1,300 41 Apr 7 47 Apr 17
93
93% 93% 93 4 934 93%
3,2(0 88% Mayl9 95 4 J ly 26
Do pref
51% 53% 51% 524 51 34 51 3 Des Moines & Ft. Dodge. 12,30u 19 Feb 1 53%.J'ly 11
*204 21
2114
21
21% 21% Detroit South, rot. tr. ctfs 3,000 13 Feb 3 22% May 2
"394 40 14 404 40 4
1,100 33 Feb 24 444 May
Do pref. vot. tr. ctfs.
40 4 414
864 86 34
86
86
2,475 75 J'ne 2 87 J'lv31
86% 87 Detroit United
'17
17%
174 17 ,
450 10 Jan 15 18 34Apr 9
Dnluth
174
So.
Shore
Atl..
174
&
"294 31
3U
30% 30% 30 34
1,020 18% Jan 14 35 34 Apr 9
Do pref
39
39% 39% 39% 39% 40 17<rie
79,580 35% Maj 19 44% Jau 2
68 4 68 34
68% 69
J Do lstpref
5,830 65% Mayl9
68 34 69
Jan 2
5:;% 54
54
54
2,100 51 Mayl
Do 2d pref
63 34 Jan 2
53 34 53 34
614 614 614 62 4 61
614 Evansv. * Terre Haute.. 4,640 50 Mar26 7 % Mar 7
•91
*91
92
93
*91
Do pref
92
82 May29 HM^Feb27
60
60
61%
60
2,750 30 Jan 2 62 Aug 12
58
58 Ft. Worth&Den. C.,stmp.
192 192 *192 193 4 1924 192% Great Northern, pref
1,800 1814 Mar 5 195 J'ly 23
Green Bay* W., deb. ctf.A
70 Jan 11 90 May 2 2
20 4 204
45
Do
9 Jan 8 25 Apr 9
21
21
deb. ctf. B
99 4 100 34 1004 102 Hocking Valley
99 \ 101
22,380 66 Janl5 106 Aug 8
:>l
95
95
944 94
2,915 81% Jan 14 97% Aug 7
Do pref
944
168% 168% 168% 11
38 710 137 Jan 14 1714Aiil' 8
168% 17(1 Illinois Central
49% 50
49%
8,200 37 4 Jan 15 51% .Mario
50% 60% owa Central
87
87
86% 87 3
4,110 71 Jan 14
\pr2s
Do pref
87% 88 4
50
48
49 4
504 4934 60 Kanawha* Michigan..
33% Jan 25 504Augl4
86%
4,921 80% Jan 2 88 Aug 1
85% 86 % 86
C.Ft.S.*M.,tr. ctS. pfd
86
86
3634
36
36
8,000 19 Jan 16 36% Aug 7
36
36% Kansas City So. vot. tr. ..
59 4 60
60% 6l)i.
Do pref. vot. tr. cits. 2,600 44 Jan 14 62 34 Apr21
59% 59
33% 35 4 35% 35%
354 35 4 Keokuk* Des Moines... 2,900 13 Jan 1 40 34 AprL'.l
*70
72
72
75
150 45 Jan 2 84 Apr 22
»70
Do pref
75
*65
65
67
65
•65
300 64 Jan 15 71 4 Jan 3
664 Lake Erie * Western
•125 130 *125 130 *125 180
125 Jan ' 138 Feb 6
Do pref
»38
40
72
96 34
67 % 68 4
*115 126
*139
136^ 138% 1364 137
91
91
90
91 H>
185 185 *185 lss
54% 55 34
Thursday
Aug. 14
Wednesday
Aug. 13
Tuesday
Aug. 12
Aug. 11
STOCK.S
I
.1
pref. vot'g tr. ptfs.
100
Ru.1 land, pre!
21% 21% St. Joseph *Gr'd Island.
73
Do 1st nref
73
,
1
60
Jan
74
J'llr'J
400
1,170
Jan
Lpr22
38
Jan
12.".
Apr23
97
Nov
24
.Mai 10
7 7
.1
14
.
II
62
in'
1
7 7 - .la
55
,
6
Deo
1
'
112-1
11
1
(let
J
ne
110
I
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bnnks
Banks
NEW YORK
CITY
Sid
American ... 640
AmerExch.. 270
750
Astor
Boweryll
Broadway
...
325
325
Butch's & Dr L60
Central
L90
Century TI
150
Chase ....... 700
Chatham .... 340
Ask
Bid
205
Citizens'
Banks
Ask
City (new)... 132.",
Colonial 1| ... 335
560
280
Columbian ..
1000 Commerce...
(J'rnKx new
East Eiver.
350
Emp'oStateU
175
Fidelity^
200
Fifih A veil..
170
350
335
Gallatin
Gansevoortll
(lartield
240
425
1
210
«
.<
1
,1
rmanial]
35
165
'
..
eenwichll
Har.nltonll
4
..
600
350
170
4000
Hanover
640 665
Fifth
375 425
Imp * Trad. 650
First (now).. 800
360
Irving
880
220 230
Chemical
4350 4450 14 th Street! 1. 200 300 Jeffersonll... 175
s Bid and asked prices; no sales were made ou this day.
4 Less than loo sti
1 Sale at Stock Exchange or at auction this week,
s Trust Co. certificates.
]
Leather Mfr. 260
Liberty
650
1000
Manhattan' t33l
Market .(.Kill 265
Mechanics'
285
M • ,t Tra' 160
Mercantile.. 825
Merck Exch. 160
280
Merchants'.. is;,
M ii op newl 400
Mt Morrisli.. 225
190
.
<
1
1
Nassau"
Ne
\\
1
\ eu STorkCo
\ N.ll Ex.
X
295
N u )
19th War.l'i.
168
North
2 7.".
1
Bui
Ask
203
650
72,".
2 5 ".
3 10
350
i
on
111.1l'
Paoitioil
Park
235
300
People'sl
I'henix
Banks
650
IMa/.a'
Prod
1
Rtvei sidel
1..0
250
270
Noil hern
1
Mutuain
Bnnks
Ask
Bid
Banks
Ask
250
140
500
German Ami L55
German
350
345
'
155
195
210
Rid
Fourth
215
Si
.1
-1
\
SI
1
1
5
5
626
260
12.".
240
650
800
noli. new
v
Leth.
Statel
2
2
..
l>oard
1
13
1
10
1
12th Ward',. 110
110
..
23d Ward'
I
lilted
CJnitedStates 350
Varick
'
200
NewstOClL
State banks, it r.x dividend and rights.
Kt rights.
ires,
t
17, dealings in old Mex. Nat. trust receipts.
c Inoludes, prior to
',\
May
%
%
'
'
August
.
J/<m<iaw
Tuesday
Aug. 12
33% 33%
*33
81%
•87
78
37
73%
69%
40 V
98
95
1
•93
94
48% 49 ^
130 132
21% 21%
38% 38%
39%
80%
33%
81 H
90
78
38% 39
*87
78
73% 71
09
69 %
39% 40
97% 97%
*92
94
49% 50%
130
33
39
125
133
23
42%
125%
lati
125
107
1<IS%
107% 107% 107% 107%
4
'b
»33%
in
92
31
47
J4
^ 01%
38
28
28%
50% 51%
•205
67%
6%
20
33
92
92
30%
45 %
23%
61%
37%
27%
30%
46%
23%
30% 31%
46% 47%
23% 24%
01 34
38
28%
51%
6% 7
20
33% 33%
92%
93
51% 51%
7
30%
33%
20
93 %
*95
98
38 V; "35
245 *340
o
"5%
6%
*22% 24
47% 47%
97% 97%
o
CO
H
a
Q
O
o
"97% 97%
131 H: 133%
121
1
%
98
39
248
O <%
11% 12%
39% 41
24
24%
24
c
62
62%
37% 38%
28% 28%
51% 51%
•
120
95
104 104
"13% 15
*70
80
*l03 100
•335 240
'87
<
"95
"35
98
39
254
58
250
58
12
41%
34
56
"87
164
95
165
-14
*77
100
234
102
233
106
240
15
79
105
240
U%
89 %
130
11%
11
89% 91%
126
136
21*2
20% 20% 20%
222% 224% 222% 223% 223 % 223%
iai>9 1 2 1 % 121% 121% "121% 131%
31i2 32%
so
83
31% 31%
2s3^j 33%
87
87
o
w
w
w
M
i>
EXCHANGE
'.j
r
Week,
Shares
6%
6%
21%
34%
92% 92%
51
51%
*20
34
Industrial <fc Miscell
215 220 Adams Express
65
malgamated Copper...
65%
0% 7 American Bioycle
20
20
Do pref
33% 34% American Car & Foundry
*95
*38
38
254% 8247
31% 31%
83%
83
*87
166
121
98
American Snuff
121
*97
lis
Do pref
133% 132% 133% American Sugar Refining
120 *120 120 !
Do pref
1
95
106
"13% 16
79
277
•89
100
American Tel'gh & Cable
167% Amer. Teleph. <fc Teleg...
American Woolen
Do pref
101% 102% *101%104% d Anaconda Copper
233 240 *233 240 Brooklyn Union Gas
10% 12
10% 12%
runsw. Dockt&C.Imp't
90% 91% 90
91% CColorado Fuel& Iron...
+ 126
136 *126 136
J Do pref
20
21% 21% 21% Col. & Hock. Coal & Iron.
223 223% Consolidated Gas (N. Y.).
222% 224
121% 121% 121% 121% Continental Tobacco, pref
32% 32% 30% 32 \ Corn Products
84
84
83% 84
Do pref
Detroit City Gas
4% 4"2
35% 35%
Diamond Match
Distilling Co of America.
1
r
214
213
219
230
215
216
216
226
220
216
220
226
220
226
221
226
West'gh'seEl &M f g assen
Do
Range tor Year 1902
Range tor Previous
On basis o/lOU-share lots
Year (1901)
Lowest
27
50
Highest
Lowest
Jan
70% May
24% Mar
55% Mar
J'ly 30
80% J'ly 3i
6 39 Aug 13
5 76%Augl5
58 Jan 27 72%Augl5
31% Jan 27 40% Aug 8
92 Jan 14 98%Aprl5
90 May22 92% J'ly 19
134^ 410 37% Jan 15 52 Augl5
Do pref
180
185 185 4 185 185
185 185% General Electric
185 185
61% 02
61% 02
01% 01% •60% 61% 260% 60% George A. Fuller Co
105% 105 % 105% 100
105% 106
105%100% 105%105%
Do pref
20 4
20% 20% 20% 22% 22
20
21 % 22% International Paper
23
74% 74% "74% 75
75
75% 74% 74% 74% 74^
Do pref
67
07
International Power
*12
11% 15
13% 15
14% International Silver
11% 12% •12
15
"00
*59
"59
65
60
00
*59
65
65
65
Do pref
53
53
53%
53
53 Internal! Steam Pump..
52% 52% 53
53
*91
•91% 92
91
91
92
Do pref
*14
*14
17
16 Manhattan Beach........
14% 17
16
14% 14% "14
*47%
48
48
48
47%
48 National Biscuit
48
48
47% 48
*105 34 107% *105% 106% *105% 107 *105 106% *104 106%
Do pref
23% 24% 23% 24% 24% 26
25% 25% 25% 25% National Lead
92*2 92%
92% 92% 93
93
95
Do pref
92% J4% 92
191 194
188 139
190 190% 190% 193 *191%193 New York Air Brake
122% 122% North American Co., new
133% 122% 123 121% •123 124
123 123
40% 40% 40
40
40% 40% 40% 40% 40% 40% Pacific Mail
105% 100% zl03% 104% 103% 104
103 103% * 103% 104
eop. Gas-L.tfc C. (Chic.)
48
48
47% 48%
48
48% 48
48% 48 '2 49 Pressed Steel Car
80
80
85% 85% *86
Do pref
86%
86% 80% 80% 86%
•240 248 *240 247
245 245 Pu llm an Company
240 246 *240 246
30% 30% 1) ail way Steel Spring...
30% 31
30% 31
»J«'4 88%
80% 89
88
lA>Do pref
88% 88% 88
38 Ha 88%
19
18% 19
19%
19% 19% Republic Iron & Steel ...
19
19% 19
19%
76
76% 76%
76% 75% 76
Do pref
75% 75% 76% 76%
•19% 20 Rubber Goods Mfg
20% 20>"
20% 19% 20
*68
*66
69
•68
69
267% 67%
69
Do pref
44
45
42% 43% 41
42
43
44
loss-Sheffield St. & Iron
44
44
•84
*84
84
85 S Do pref
86
80% 80% *S4
86
86
7
7% Standard Rope & Twine..
7% 7% "7% 7% "7% 7% "7% 7%
68% 68% Tenn. Coal, Iron & RR...
67
68%
67% 68
67% 68% 68
68%
*38
41 Texas Pacific Land Trust
41
40% 40% "38
40% 41% 41
41
*14
15% "14% 15% *14% 15% 14% 15% 15% 15% Union Bag <& Paper
"79% 81
*79% 81
•79% 80% *79% 81
Do pref
*79% 81
3
11% 11% U. S. Cast 1. Pipe & Foun.
11
*11% 13
11%
4
*45
*45
46
Do pref
46%
45% 45%
45% 46
132 132 United States Express...
126 126% 120% 129
130 137
134 137
United States Leather
13
13% 12% 13
12% 12% 12% 13% 13% 1
Do pref
86% 86% 86% 86% 86
86% 86% 86% 30% 86%
16% United States Rubber....
16 34 10% "15% 16% *15% 16% "15% 16% *15
*55
*55
"56
56
Do pref
59
58
56
56
39 34 40%
39% 40% 40
40% 40% 40% 41 United States Steel
40%
8.->%
90%
90%
Do pref
89% 89% 89% 90% 90% 90%
89%
*68% 69
68% Virginia-Carolina Chem..
08% 08% ^8
68
68
68%
*123 129
129 129
Do pref
129% 129%
230 250 Wells, Fargo & Co
217 226
217 230
225 228
240 240
92%
93%
est'n Union Tele'gph
88% 90% 89% 92% 91% 92% 91% 93
213
230
1
329,
82%J'ly 9 90
1,510
83,950
60,925
282,025
109,825
4,821
Do pref
103% 108% 109% Union Pacific
92%
92% 92%
Do pref
"
32
31% 32-4
Wabash
48
47% 481,
Do pref
25% 24% 25% Wheeling* Lake Erie...
63
64
63% 03%
Do lstpref
38% 39% 38% 39%
Do 2d pref
28% 28% 28% 28% Wisconsin Cent. v. tr. cfs
51% 52% 51% 623(
Do pref. vot. tr. ctfs.
i
185
213
*211
5
5
35% Marl2
MaylO 141% Feb 17
10,400 65% Jan 2 85% J'ly 31
100
107%
92%
31%
47%
24%
4 13 a *130 138 •137% 140 *137%140
-4% 4%
"4%
"4% 4%
4% 4%
*35
•35
37
30% *35% 36% *35
36
137
the
92% 92%
Do pref
50% 51% American Cotton Oil...
93
Do pref
38
38% American Dist.Telegraph
§250
247 American Express
57% 59% 59% 59% American Grass Twine
12% 12% 12',
13
13% American Ice
41%
44
41% 43
45
Do pref
24% 24
24% 24% 21'. American Linseed
"50% 56
*50
50
66
Do pref
32% 32
32% 31% 32% American Locomotive..
93% 93% 93% 893% 93%
Do pref
*5% 6% American Malting
6%
6
6
*23
23
23% *22% 24
Do pref
4S
47% 48
4S
48 Amer. Smelt'g & Refin'g
97% 97% 97% 297% 97' 8
Do pref
95
88
120
20
130
7
20
33% 34%
92% 92%
50% 50%
163%164
"11%
•11% 12
89 "a 90^
7
20
Sales ol
.
*50%
31% 31% 31%
•93
93% 93%
'5% 6%
"5%
*22 % 22%
22%
47% 47 34 47%
97% 97% 97%
121
121
"98" 98
"97*"
•97
98
131%132% 131% 132% 132
119% 119% 120 120
120
*50
119
*126
20
92
Fridav
Aug. 15
STOCKS
NEW YORK STOCK
*33% 33% *33% 33 3 St.Jos.&Grdlsld, 2d pre!
St Law. <fc Adirondack...
"80% "80% 30% 81 St. Louis & San Fran
*87
Do lstpref.....
88%
78
78
.r7 7
Do 2d pref
77%
3 s % 38
36% 39 St. Louis Southwestern..
73% 74% 73% 70
Do pref
69% 71%
71% 72 Southern Pacific Co
40
40 ij
39% 4H% southern voting tr. ctfs..
97% 97% 97% 97',
Do pref. vot. tr. ctfs.
*92
•92
95
95
M. & O. stock tr. ctfs ...
50
51% 50% 52
pexas & Pacific
•130 133 *131 133
1 Inrd Avenue (N. Y.)...
23
24%
24% 29 Tol. St. L. & W. v. tr. ctfs
42
43
43% 451.
Do pref. vot. tr. ctfs.
126 126% 126 126% Twin City Rapid Transit
,*
52
31 34 32
93 %
93
•c
92%
91
Thursday
Aug. 14
'210 210
*210 220
215 *205 215
OS 3
67% 67% 65% 67% 65% 66%
57% 57 34
11% 11 78
38% 40
24
52
125
50 34
51% 51%
95
38
*240
a
M
o
*33
39
125
30
40
>•
78%
37%
72% 74
68% 69%
39% 40%
97% 97
132
91%
X
Q
w
89
38 3j
21% 21%
S)
33%
"87
78
43% 49%
130
Wednesday
Aug. 13
>u% 81%
83 "a
90
7 8 Hi
38%
09%
6S%
39%
97%
.
StOCk Record— Concluded— Page 2
16, 1902. J
STOCKS— HIGHEST Ay D LOWEST SALE PRICES
Saturday
Aug. y
.
..
1st pref
5
1
17
57
Highest
Dec
36 J'n«
Jau 134 Dec
21% Jau 56% Deo
75 J'ly 88 M ar
53% Jan 76%J'na
16 May 30 % Apr
41% Jan 71 Jna
29 May 63% J'ne
18 Jan 35% J'ne
67% Jan 94% Nov
23% Jan 52% May
May 129%Jau
Feb 25% May
May 39>.. May
Jan 109% Deo
Apr 160 Nov
May 133 May
81% Jau 99% May
ll%Jau 26 J'ne
23% Jan 46% J'ne
Feb 7 117
25J590 18%Jan21 29 Augl5 10%
45,065 35 Jan Id 45% AuglS 28
3,100 107 Jan 20 126% Augl5 05%
156% Aug 5 159%Febl8 147
74,780 98% Feb 28 110% J'ly 26 76
122
3,025
15,370
41,450
14,610
6,400
5,927
14,462
12,460
50
59,300
3,400
1,300
15,570
Jan 8 134
86% Mar
94% J'ly 25
32% AuglS
41% Jan 13 48% AugU
17 Jan 27 25%Augl4
49% Jan 27 66 Apr 29
28 Jan 14 39%Augl4
19% Jan 30 29% May
39% Jan 24 52% Augl4
21% Jan
U98
61
2
6
14
J'lyll §225 Mayl9
Mar2o 79 Feb 1
Feb 2
8% Apr 14
11%.Jan
45
24
22
J'ne
May 60% Mar
May 38 Mar
14% Jan
38% Jan
U45 Jan
60% Dec
1 % Sep
26
J'ne
49% Apr
5202 Deo
130 J'ne
8% Apr
10 Jan
26%Aprl4 10 Sep 35 Apr
28% April 34% Aug 13 19 Jan 35 J ne
800 85% Jan 14 92% Aug 8 67 Jan 89% J'ly
1,400 30% Jan lo 57% Apr 28 24 Mar 35% J ne
86 Feb
99%Apr23 85 Apr 91%Jau
600 32% Jan 14 42% May 2 32 Oct 40 May
756 210 Jan 13 254% Augl4 §169 Jau 210 Nov
7,900 39% Jan 9 59%Augl5 39% Dec 45 Nov
7,500
9%J'lyll 31% Jan " 25% Oct 41% Mar
8,635 32 J'ly 10 67 Jan
62
»C1
77% Mar
2,900 15 Jan 14 28 Apr30
5% Jan 30% J'ly
175 43 Jan 13 58 Marl7 31 Jan 66 J'ly
6,700 29%Mayl9 36%Apr29 22% Aug 33% Nov
1,200 89 Jan 3 100%Apr29 83% Oct 91% Nov
100
5 Jan 20
7%May20
4% Feb 8 J'ne
300 21 Jan 20 26% May2 6 22% Dec 30 J'ne
4,700 43% Apr 2
49%May26 38% Oct 69 Apr
1,430 95 Apr 30 100%J'ne23 88 Feb 104%J'na
40% Jan 22 126% J'ne20 26 Mar 49% J'ne
200 85 Jan 13 100 Apr 19 73 Apr 90 J'ne
30,920 116% Jan
135%Mar31 103%Dec 153 J'ne
400 115 Jan 2 120% May 7 111 Dec 130 J'ly
34 MarlO §90 Jan 7 ?94 Jan 100 Apr
2,100 160% Jan 13 186 Apr
157 % Nov 167% Sep
12%J'ne 5 17% Jan
13% Mar 21% Jan
80 73 Apr23 79 Jan 10 70 Mar 82% J'ly
1,000 <Z95%.J'lyl4 146 Feb 1 28% Dec 54% Apr
210 Jan 4 242 Apr 2 175 Jan 228 Apr
200 10 Jan 13 14% Apr 23
8% Jan 14% Mar
13,810 84 Jau 8 110% Apr 24 41% Jan 136%J'ne
^130 Jan 29 §140 Mar26 116 Mar 142% Apr
3,920 14% Jan 16 23% Apr 4 12% Oct 25%J'ne
4,800 213 Jan 15 230%Apr25 187 Jan 238 Apr
800 115 Jau 2 126% J'ne 3 93% Jau 124 J'ne
5,825 27 J'lyl5 38%Mar24
2,946 81% J'ly 31 90 Mar25
300 65 May 8 90 J'ly 18 72% Sep 92 May
100 130% Jau 13 139% Jan 2 127% Oct 152%Aug
1,800
4%J'lyl4 10 Feb 3
6% Oct 10%J'ne
1,000 33 Jan 3 42% Apr 4 23% Sop 34% Nov
1,924 0181% J'ly 28 334 Apr 9 183% Jan 289% Dec
2,437 40 May 17 64 J'ly 24
2,179 92 May20 108% Aug 1
13,900 19 Jan 14 23% Mar20 18% May 28 Mar
2,100 72%J'ne24 77% Jan 7 69 Jan 81% Sep
200 56 J'ne 4 199 Apr29 54% Jan 100% May
2,835
5% Feb 11 Jan
6% Jan 27 l9%Aprl8
100 45 Jan 14 65 Mayl7 33 Apr 51 Dec
1,100 47 Jan 2 57%Marl9 24 % Jan 49 Nov
100 87% Jan 13 94 Mar21 74 Jan 89 Oct
100 12 Jan 24 19 Apr24
Oct 22 Apr
Jan 46 May
2,844 43% Jan 14 53% Mar20
104% Jan 3 109% Apr 4 92 Jan 103% Nov
2L200 15% Jan 18 26 Augl3 15 Mar 25% J'ne
2,200 78% Jan 10 95 Augl3 74% Dec 93% J'ne
2,662 148 Marl7 196 Apr 21 133 J'ly 175 Apr
600 88 Jan 28 132% Apr29 73% Feb 109 J'ne
850 37%Mayl7 49% MarlO 30% May 49% Nov
7,400 98% Jan 15 107 J'ly 23 95% Jan 120% J'ne
4,000 39 Jan 14 50%May20 30 Mar 52 Jan
1,250 82% Feb 4 89 Apr 28 72% Mar 89 Apr
100 215 Jan 13 250 Apr 29 195% Jan 225 Oct
750 24 Apr 16 34% Apr 29
1,300 80 Apr 1 89 Augl2
6,350 15% Jan 2 20% Aug 4 Vi% s"ep" 24 J'ne
950 68 Jau 16 77% Aug 4 55% Jan 82 Apr
100 17%Feb2~ 25%Apr21 IS Dec 38% May
50 63 J'ly 25 74%Mar22 65 Dec 90 May
4,200 29% Jan 3 45 AuglS 19% Feb 41% Apr
000 80% MaylO 86% Aug 11 65% Jan 86% Apr
500
3% Mar 8% J'ne
4 Jan 10
3% Apr 29
11,050 61% Jan 14 74% Apr24 49% Mar 76% J'ne
600 36 Jan 15 44% Feb 18 19 Jan 42 Apr
800 13 Feb 1 18% Apr 3 12 Apr 19% J'ne
72 Jan 16 85 Apr 5 65 Apr 75% Dec
900 10% May 5 13% May 6
700 42 Mayl 9 47 May 7
3,205 97 Jan 2 .37 AuglS 553 Jan 100 Apr
7% May 16% May
6,800 ll%Fel)20 14% Apr 3
2,381 79% Jan 21 86% AugU 69 % May 83% Aug
100 14 Jan 2 19% Apr 14 12% Oct 34 Jan
100 50% Jan 14 64 Mar24 47 Oct 85 Jaa
52,544 36%J'nel9 46% Jan 7 24 Maj 56 Apr
27,367 87%J'nel9 97% Jan 7 09 May 101%Apr
6,200 60 Jan 18 76% Apr 28 51 J'ly 72 Mar
400 120% Jan 17 134%Mayl5 116 Apr 125 Aug
450 U86 Jan 24 240 Augl4 J130 Jan 199% Dec
57,300 84% J'ly 10 94% Apr 19 81 Jan 100% May
2,500 169% Jan 15 30% Apr 9 145 Nov 180 Deo
180 Jan 8 [34 Apr 9 157 Nov 1187 Dec
<
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
NEW YORK
Bid
CITY
Washingt'nT 200
Wash.H'hts' 200
West Side", .. 590
Western
tooo
Yorkvilleli .. 240
Bid
Banks
BROOKLYN
Ask 5th
Avenue^ 105
First
360
Manufactrs'. 340
Mechanicsli 218
Merchants'.. 110
Nassau
350
BROOKLYN
Nat City
290
BedfordTl
North Sidell. 180
225
BoroughlJ
100
People'sD
206
Broad waylj.. 250
17th WardTl. 130
BrooklynH .. 130
Sprague
200
fcth WardTi ..
75
26th WardTi 135
* Bid and asked prices; no sales on this day.
1 Sale at Stock Exchange or at auction this
Ask
Bid
Banks
BROOKLYN
Ask
Trust Co's
Continental
Bid
645
Eastern Tr.. 212
140 160
UnionTj
Equitable Tr 350
WallaboutU 105
Farm Lo<feTr 1500
Trust Cos.
Fifth Ave Tr 640
...
Guaranty Tr 730
N. Y. CITY
Guardian Tr 205
Atlantic Tr.. 280 300
Kuick'rb'k'r 775
Bowl'sGreen 215 220
Lincoln Tr.
390
Broad wayTr. 175 185
185
875
McV'ck'rRty 275
... C'lK'tyB<fcTr 850
1900
Manhattan
Central Tr'st
500
Mercantile
City Trust... 400 415
1100
380
Merchants'. 425
Colonial
t Ex rights,
d Beginning
2 Less than loo shares,
week, o Ex stock dividend, s Trust Co. certificates
Ask
660
215
.
.
.
.
1525
670
765
825
Trust Co's Bid
Metropolitan 600
Ask
MortonTrust 1090 1110
Mut. Alliance 300 320
NYLifec&Tr 1225 1275
N Y Seo & Tr tl399
North Amer. 265 272
Real Est Tr't 400
8tandardTr't 400
Tr Co of Am. 290 295
TrCoof Rpbc 325
Union Trust 1390 ......
USMtg&Tr 475
Unit States 1760 1775
Trust Co's
Bid
VanX'denTr 225
Ask
240
Washington. 400
BROOK LYN
Brooklyn Tr 440% 445
Flat bus
1
Franklin
Hamilton
Kings Co
L
Isl
175
325
325
430%
L&Tr. 320%
Mauufact'rs. 340
220
350
227
Wiluamsb'g.
Nassau
People's
2S7
March 31 quoted per cent instead of dollars per share.
with a paragraph (fl) are State banks.
TJ Banks marked
S
1
New York
*
Exchange— Bond
Stock
'
.
.
Weekly and Yearly
Record, Friday,
OCCUPYING FOUR PAGES
BONDS
Price
STOCK EXCHANGE
Week Ending august 15
5o
N. Y.
V
Government
s.
.
TJ
A1907
1925
1925
1904
1904
S 4s coupon
U S 4s registered
U S 4s coupon
V S 5s registered
U S 5s coupon
5
Last Sale
Ask Low
Bid
I
US2s consol registered. (J1930
V S 2s consol coupon ctl930
U S 2s consol reg small. .<il930
V S 2s consoleoupsmall.dl930
fcl918
U S 3s registered
fcl918
V S 3s coupon
V S 3s reg small bonds. .fcl918
&1918
bonds..
V S 3s cou small
7il907
V S 4s registered
e>
High A v
10978 Apr '02
107 34 J'ly'02
Q-J
Q-J
Q-J
Q-J
107*4 108
107*4 108
Q-F
Q-F
Q-F
Q-F
io5 34 106*2 10578 Aug'02
105 34 106*2 106 7 8 J'ly'O2
107 J'ne'02
lOS^lOC 1 109*2Apr'02
108 *4 109 108*2 108*2
108*4 109
108 34 J'ly '02
132 133 132 J'ly '02
132*4 133*4 139 34Apr'0'
104 105 105*2May'02
104 106 104
104
Q-J
Q-J
Q-F
Q-F
Q-F
Q-F
BONDS
Range
Week's
Range or
Friday
8^ August 15
N. Y.
& Wilks B Coal 5s.. 191
Con ext guar 4 2S
</191o
N
Long Br gen g 4s 1941
105 78 109*8 Cent Pacific &ee So Pacific Co
10678 110
Charles & Say 1st g 7s
1936
107 107
dies & Ohio g 6s ser A..A1908
108*4 109*2
Gold 6s
ol911
4
109°8
Leli
Y&
108*4 113
105*4 106*2
96 ....
Frankfort-on-Main 3*2S ser 1.. AI-S
These are price s on the ba sis of
of
1899
Q-J
98*2....
U S of Mexico s £ g 5s
T hese are pr
State Securities
Alabama class A 4 to 5. ...1906 J.J
108*2
Class B 5s
1906 J-J
Class C 4s
1900 J-J
Currency funding 4s
1920 J-J
Dist of Columbia 3 05s
1924 F-A 122
Louisiana new consol 4s. .1914 J-J 106 34
Small
Missouri funding
1894-1995
North Carolina consol 4s. 1910
104*2
1919
6s
-
,
,
.
So Carolina 4 'as 2U-4U
193t
3s.. 19U
95*2 Feb '02
four marks
98*4 J'ly '02
ices o
n
to o
the b asis of $5 to &.
May'02
107
102*2Mar'02
Mar'02
126 Oct '01
107 Aug'02
109*2 Feb'99
102*2 102*2
HI
11 1
104*2 Jan '02
136*2 J'ly '01
120 Mar'OO
'96^;:::::
J'ne'02
96*2 J'ly '02
J'ly '02
8
Railroad
Alabama Cent See So Ry
laba Mull Sec Sav Fla &
Albany & suso, See Del & Hud
Allegheny Valley See Penn Kit
W
Alleg&West &eeBuliR&P
AiuDook&lin &eeOentofNJ
Ann
Arbor
/tl995 Q-J
gen g 4s. ..1995 A-O
& S Fe
Registered
Atch T
99 78
1st g 4s
1995 A-O
A1995 Nov
?il995 No\
41995 M-N
Adjustment g 4s
Registered
Slumped
Clue & St .Louis 1st 6s. .1915 (VIAtl Knox <k Nor 1st g 5s. .1946 J-D
Atlanta & D-ativ See South By
Atlanta & Yadk See South lty
Austin d; N \V See Sou Pacific
Creek & S Sec Mien Cenl
Bat
alt & Ohio prior lg 3 *as.l925 J-J
Registered
ft.1925 Q-J
&1948 A-O
Q-J
ft.19
1911 M-S
PJuu&MDivlstg3*2sl-)25 M-N
Registered
pl925
tioktls
Kegistered
Conv deb 4s
100*2 100
103 34 Sale
103%
lU2»4:J, ne'02
04*2
95
4
20
94?8
90
96 3
96 '2
94*2 Apr '02
"
94
8 sale
il6"i*20'
94 3*
108*4
Sale
95
ibis"" Sale"
97
103
95
95'8
Apr'02
L03»4
111*2 Sale
OO'k
W
PLii& VaSysiet 4sl941 M-N
SOUthw Div 1st g3*2S...1925 J-J
98=8 Sale
90
90*2
/il925 Q-J
I
110 34 111*2
91*2 Aug'O'.
9*8*2
'""i's'v
112
<Si
94 34
1st
Consol 1st g 6s
32 102
102
68 104
112*2
90*4 93*2
46
97*3 ib'i"
911b
90*4 90*4
114*4 114*4
Nov'01
118
118*2
1943 J-J
103
Apr '97
F-A
1922 J-D
130
Alay'02
Buffalo
Buffalo
6s. ..1921
(J
& South wt si
ifc
.see
126*8127*4 126*2
Susqu 1st g OS. .1913 A-O
1913 A-O
Registered
1st refunding g 4s
128
125 34 129*2
Registered
siukm_' fund deb 5s
Registered
Nov'99
100
100
104
J-J
Bur Cedar R & No Lst us. 1906 J-l l()4 4 1.05
Con lsl ifc eol trust g 6s.. 1934 A-O 123*2126
124°8Feb'02
1934 A-O
Registered
CKU'VfcN W lsl gu 5s. 92 A-O i'lf**:™ 118 Jan '02
M A 8t L 1st gu g7s L921 J-D
South lsl 5s
Registered
124*4
-
116
1
1908 J-J
1913 M-S
1913 M-S
Cent
DesMoife Minn
102 103
103*2 106*4
103 J'ne'02
104*8 Aug'02
L24 3sJ , lj '02
1
CCanada
>2d os
119*2
117
127
1
'-0
.Milw
Central Ohio
Hee Balti
CeuRR& Bol Gac<
Cent
of
Ga RR
<&
118
1
pl945 F-A
1945 M-N
1 945 M-N
pl945 Ocl
pl945 Oct
pl945 Oct
110*2 Sale
85
Sale
41*2 Sale
27 Sale
91*2
96*2
L08*s
109ia LIS
101*,
Divpurmou
g 4s. 195] J-l)
J-J
J-J
L94I J-J
Mobile Div lstg 5s
Ceutol N J 1st eonsol 7s. .1902 M-N
1987 J-J
General gold 5s
Cliatt
Mac& .Nor Div 1st g 5s. L9 16
MidUa& All Div 5s.. ..1947
Registered
93
.
112*6
113 114
/(.1987
136
137
110*2 lll c8
105*2 Sep '01
66
8-1
41
:
L02
112
101
L36
32*2 44*2
18*2 81
91 34 93%
y,
.i
Apr'02
May'02
L36
136 34 J'ly '02
Q-J
H4s
M4s
N4s
L85 "76" "89 *a
28*2 123
'a
'4
114*4 116*4
104=8 106
104=8 J'ly '02
109 Aug'02
111*2
109
Mar'02
99^4 ibo
107*2 110
118 34 122
111 114
138*al3978
122*2l26*a
124 34 l'^4 34
125 125
132 Aug'02
117 J ne'02
115 May'05
188 34 J'lv'o.
112 34 J'ly'02
114*8 J'ly'02
117
113
34
Sale
132*3
117
126
113
113%115
vji._,196
I
115
112
110*4 117
104 34 104 78
4
.
114*2
113*8
117 34
115
120*2 121*2
....
* 101-8. .*10l*4...
106
Des
...
j
19]
106
112 la
101*4
20 L32
131
i
L988
D
122^124
H0*2
107=8
182^182*2
118=8 119
i
(r-
losV109*t
114*2 Aug'02
115 Mar'02
17-..
;\
02
117 Mar'02
114 117*2
113 34 115
116*8121*8
115 117
120*2Aug'02
135
135
101»« Aug'02
135
1
'
1\
-i
120*2 123*4
141
101*4 10434
101*4 104
1013b J
107 .1
107*2
11)7
106*8106*8
.
116
118
108*2
110"
'
L07 3sMay'01
107
107
*107
*
Lot" ibfivi
L0(
108
107
i 14" i 17*8
115*2.'
114 Oct HI
123*2 J'ne'02
May'01
J an '01
'9*2 .Mar'O-.
L13
lc
116*2
1333»
Lloia il"9*2
I
138=8
133=8 137 34
125 128*2
142*4 142*2
139*2 139 34
Jan'02
107
112
128
127
108 34 Sale
J
J
M
!
110*8110*8
128 132
127*6 181
128 34 Aug'02
128*8 -10S 34 109 34
99*8
98=8
98*4
C 4s...
b
HOisMay'02
II
105*4 113*8
L09 112
100*4 10038
^Apr'02
1
j'fy'02
ne'02
9978
i
99*2J'1.\"02
i'.'V J'ne'02
..
99*sMav'02
1st 4s.. ..191)5 J
lst2*2S
1905
J
91*4
Extension 4s
1905
J
96*11
Des M Lsl 6s
Keok
Chic& st 1. 6"eeAtchTi6
6'ee 111
in»- St L& N u
Chic St L it litts 6eePennCo
Chic St P M & O con 6s...
Cl» st P & M inn
Nor Wisconsin Lsl 6s..
107*2 109*2
110*4
L6*aJ
1337e J'ly'02
LUg'02
142'v Peb'02
L!
L915
Ft
116' 8 l'-'l 34
112*4 115 34
107 Mar'OO
106^ 106*sJ'ne*02
103 N
*115*2.
115*2 J'ly "02
111
109 110 109 J'ne'02
1905
1910
5s
:
M&
US' b 124*8
114*4 lls
117 s4
1- \i M
108*sl09*2 108*8-1
116*4...
134 34
120*2 120*2
113 34 J'ly'02
137*a J'ly '90
L23 34 J'ne'02
107=8 I07=s
L82*2Jan'0!
l
107 34
U7
J
123
Registered
General gold 4s
Registered
96
106*2113*2
l'-'i
>8
27
92
11438 Aug'02
120*2 Mar'02
124*8 Apr '0:
114*4 Aug'02
117=8
121
114*2
I
119 >a 122
8'-'
83 34
102 34 106*4
105*2 Feb '98
104 34 Jan'02
Ashland Div 1st g 6s..
Mich Div 1st - i;>
Convertible deb os
19071 F
1911 Nl
Incomes
Chic Rock lsl A; Pac 6S...1917 '
106*2 109 34
May'02
122
.
88
86
100*al03*2
99*4 103*2
I
J'lv'O
81 34
83=8
124 34 Mar'O
125 May'02
.
131
117*2.
112*2.
-
104*2 107*2
107 34 111
J'ne'02
109
.
85
fl
123
1933
Madisi
A-
Coll trust Series
109
20 *a
102*8 104 *»
108\ 108*4 J'ly '02
119 119*2 119 J'ly '02
111*4
111 J'lv'02
L39**....
139'sJ'ly'Oii
123=8124 123= 8 123=
.
Ohio
5s 1937 M-N
1st g 5s..j?1945 b'-A
!
Registered
Consol gold 5s
Registered
1st pre! income g 6s
2d pret income g 5s
3d pret income g 5s
93
'9l*a.
100
98
108
F & St Paul 1st 5s L909
Winona A 31 Pet 2d
M l s dc West 1st g 6s 1921
Ext it Imp stand g6s 1929
1
J-l)
105*2
104
Apr '99
10O*2Aug'O2
99 3s Aug'02
100
Ott C
<fc
Cen Branch U P lstg 48... 1948
Cen Branch Ry 6'eeMoPac
108*2116"
1st 7s.
.\..ith Illinois 1st
'4
124 34
& Shawn Hee 111
Carolina Cent See Sea b& Roan
H
Carthage & Atl See N Y C
Ced B a e <& I\ Hee B U R & N
Carl)
90 106*2110*4
109*2 Aug'01
il
ioi^g Sale \'6i^l"io5
109*2110*2 110 Aug'02
107 Aug'01
4
100
Sinking Bind 6S...1879-1929
Registered
1879-1929
Sinking mint 6s.. .1879-1929
Kegistered
1S79 1929
Debenture 5s
1909
Registered
1909
Debenlun 5s
1921
Erie
1
108*4
108 3
I<fc
ifc
Mali 1st gu g5a
1045*5
Kegistered
R <fc B gen g 5s. ..1937 M-S
A11& West lstg 4s gu„1998 A-O 104
99*2
1143s
B Exten 1st 7s
1908
LaCrosse A- I) 1st 5s.. ..1919
Mineral Point Div 5a
1910
so Minn Div 1st 6s
L910
Liv
1st lis
Southwest
L909
Wis A.- Minu Div g5s.„.19
Mil A; No 1S1 -M 1. (is.... L910
1st consol 6s
L918
1915
Chic d; Nortlrw cons 7s
1902
Gold 7s
Registered
Extension 4s
1886 1926
Registered
1987
General gold3*aS
97*4
97
<•
Roch<& Bitts
99
I
Buffalo
C1&
100*4
:
See Illinois Cent
Car
106
105
112 115
114 117
119*2123*2
85
85
82*2
S2
83 34 Apr '02
103 J'ly '02
104 34Apr'OO
103*2.
.
& Montauk Si Long 1
West See Sav Fli W
Buffalo N Y & Erie see Erie
Bklyn
Bruns
105
102
i
iv.
Bellev
100 Mar'02
102*2 102*2
102% J'ly '02
85
82*2 Sale
1949
1949
Registered
ibe" ibT"
Iowa Div sink fund 5s. .1919
Sinking fund 4s
1919
Nebraska Extension 4s. 1927
104 104*2
Registered
1927
Southwestern Biv4s
1921
Joint bonds .See Great North
95*2 96*8
Debenture 5s
1913
95
94
Han & St Jos consol 6s.. 1911
95*4 99 34 Chic& E 111 1st s four 68.190
1st consol g 6s
1934
193"
10*2
General consol lst5s
Registered
193
Chic & Ind C Ry 1st 5s. 1936
Chicago & Erie See Erie
Chic In& Bouisv ret 6s. ..1947
1947
Refunding gold 5s
LouisviM A & Oh 1st 6s. 1910
Chic Mil & St Paul con 7
Terminal gold 5s
1914
95=8*00
General g 4s series A.. L989
Registered
el989
103 105 34
102 105*4
General g 3 *2SSern a r. L980
92
97
Registered
L989
93*2 i'l*»
ChiCifc L Su Div g 5s
1921
91*4 95 34
Chic&MoRiv Div >s...19'20
1910
Chic& PacDivOs
1921
Chic& P
IstgSs
1916
Dak* Gt So g 5s
1924
Par 6c Sou assu g 6s
1910
Hast<fc DDivlst7s
IstSs
1910
34
90*4 J'ly '02
114*4 J'ne'02
Monon Riv 1st gu g 5s. .1919 F-A
CenOluo R 1st cg4*2S.. 1930 M-S 109
n
Beech Creek See N Y C
112 68 115
101*4
102«6
lien 3*as...l950
Biv3*2S
Illinois
90% 20 90
90 '4
96*2 99
W
Dec '01
102*2
I
Registered
4
100
104*8 204
111
Mnjh No Low Jiiyh
105*8J'ne'0L'
99*8 J'ly '02
*108
Registered
1950
Chic Bur & Q consol 7s. ..1903
Chic & Iowa Biv 5s
1905
Denver Div 4s
19
107
106
94
Virginia fund debt 2-3s... 1991 J-J
Kegis tered
J-J
6s deferred Brown Bros ctfs.
Railway 1st
109*4 Oct '00
95 34 J'ly '02
96
Small
94 34 95*2
ne do liar.
96 100
Since
January 1
112 58 Aug'02
112*4 114*2 112 May'02
114*2
114*aJ'ne'02
120*8
Sale 120
121 J'ne'Ol
108*2 Sale 108*4 108 3^
103 Apr '01
114*4 116
116 J'ne'02
R&
106*2
104
o
120
1939
Registered
1939
General gold 4*as
199
Registered
1992
Craig Valley lstg 5s
1940
A Div 1st con g 4s. .1989
2d consol g4s
1989
Warm Spr Val 1st g 5s.. 1941
Greenbrier Ry 1st gag is '40
Chic & Alt RR s fund 6s. .1903
Refunding g 3s
1949
108 34 113
132 139*2
139 34 139 34
5>
125
1st consol g 5s
Foreign Government
Tenn new settlement
*102*a
102*2 Sale
1
-
or
Last Sale
Ask Low
Bid
113
Range
Range
Friday
August 15
i
107
Week's
Price
STOCK EXCHANGE
Week Ending August 15
Low High Central of N J—(Continual
Am Dock & Imp gu 5s. .1921
109*2 109 78
Le & Hud R gengugos 1920
3
Since
January 1
91** J'ly '02
97 Deo'00
U0*aApr'O2
i¥9\iiio>s
13834 138*aJ'ly'02
J'ly *02
138*4 142
138*2 141H
J'ne*02
140
Ill
ifc
99%
99«8 99*2
99*4 »9 3s
98
99*s
91*4 91*4
-
i
st
141
1391*
pa
s City
'
"""i:;s" mo
lsi g 6s...
Clucago Ter Trans
>;
4s..
89
,
*2
Sale
140
127=8 130=8
r'ne'02
l-j.-v
90 3«
20
86
10
98 34 99
.H1SCEDDANEOLIS liO.VUS— Contiiiuctl on Next Page.
Street Railway
1945
Brooklyn RapTr g 5s
Atl Av Bklyn imp c 5s.. L93
BkCity 1st con 5s. 1916, 1941
BkQCo<& Scon gug 58.1943
Bklvn tin El 1st 2 4-5S.1950
1
City
it
S Ry Bait
g
M-N
J-J
4s
1st g 5s.
102*2 Sale
s7 Sale
108
110
114
Jan '99
May'02
102 J'ne'02
102*2 103 '8
87
107
108*4
87
110*4
M,l
WS
El (Chic) 1st
Ry .t
St Ky
Mil El
Apr'02
98
98
11111
Tail
81
J'ne'00
1
I
I
.
1
J-J
1
.l-J
120 Sale
118*8
Friday; latest price this week.
103
Nov'Oil
100
Mar*98
i"l9>a""'i"20*"
118
aDuetian
Gaa and
I
i
Due
122"
>)ir
.
ti
ay
j/
Due
.
ne
J-J
J-J
F-A
99
J-J
J-J
J-J
99
99
Sale
'4
1.1 >4
22 "9 J'ne'02
I'.'O',
123*4 J'lv'O'.
98*2 ibl
123
101
L02*6 J'ly'02
L06 U
1
L22 =8
98 2 Sale
110
109
110
110
114*2 Nov'Ol
.1
124*2
121
101=8
127
103
110
109*9 Deo '99
A-O
M-N
M-N
99
Dec '97
Electric Light
Co
Gas tr
Bklyn U Has
i
117*2ll9 78
J'ly'02
<<
"to"
Atlanta Q
A-O
M-S
M-S
30-yrgoS.1926 F-A
1.
si run g 5s.. 1919
City tali 1011 g 5s. 1937
uaranteed gold 5s
aion El (Chioj Lsl g 5s. .1945
\\
'hie st-10-yr 1st cur540-year consol gold 5s...
M
98
95
J-J
.1
.Met St
iri'Cil'4"
100 106 'a
80 10O*4 105
4 87
*84
A O
.l-l>
Rapids Ry 1st g5s...i
Louis Ry Co 1st con g 6s.. 1930 J-J
Market St C Ry 1st g 68..1913 J-J
Met st Ry gen col tr g 5s L99l F-A
Bwayit 7th Av LstOgSs 1943 -D
"No mice
103
'
1922 J-D
J-J
Conn lty it L 1st & 'el'g-i
Den Con Tr Co 1st g 5s.. .1633
Den Tram Co con g 6s. .1910
Met Ry Co 1st gu g 6s.. 191
Del CitSl Ry 1st Cong 5s. 1905
1
110
J-J
J-J
F-A
Is.. ..1949 F-A
Nassau Elecgu
Hallway
Ky—fCoMjRei g 4s2002
Col&9thAvlstgii
LexAvdi P rist gugos
Third Ave RR COD gu 4s 2000
Third Ave By Lsl g 5s..
Street
A-O 108
1
si g
t
ctfs s
lsl
/t
con g
Due
J-D
6s..
M-N
.">
J'ly
91 feOot '98
J-J
g-5i
fc
sale
Due Aug p Due
117 34
•>•
H7 34
./Due Deo
7 117
120*2
(Option sal*
J
1
AC GUST
if
Bond EeCOl'd— Continued— Page
16, 1902.]
BONDS
Price
II
Friday
STOCK EXCHANGE 2*
August 15
Wkek ExniNii An;rsTl5
CMo<S West ind gen g0syl932
A West Mich Rv 5s. .1921
Choc ok A a gen g 5a ..c>1919
Clue
.
HAD
gold
8(1
consol si
44s
Cm DA
St L &
1st
I
7s".. .1905
19S'i
n
jj
Last Sale
January
JH3
I
C
1
Ask Low
High No Low Hirjh
117%.
117% J'ly '02
11734 ll;i
1U9
107
109
J-
Apr'02
109
105
1144May'02
111 4 Deo '01
.
1094
A-O
115*"
gag 68... 1944 M-N
!
L13
Oct 'mi
114%
J'ly '02
109
W
102
J-D
101
J-J
1144
113 34 1154
J-J
M-N
M-N
MS
103%
M-N
un
I'ne'02
99
100
83
J'n'o'01
Han
ousatomc
106
13441344
May'02
138
984102
72
824
11441164
128
1274128
J'ne'02
83 4
95
95
833j
J-D
N Y Lack& W 1st 68.. .1921 J J
Construction 5s
1923 F-A
Term & improve 4s
1923 M-N
Syr Bins & NY 1st 7s. .1900 A-O
Warren 1st ref gn g 3 "138.2000 F-A
Del & Hurt 1st Pa Div 7s. 1917 MS
A lb
137**!
11
82 k 8634
91
97
95
'.
>
1
7
Sus 1st con gu 78.1906
1906
gold lis
1906
Registered
1906
it
Registered
Guar
& Saratoga 1st 7s. 92
Registered
L92]
Del Riv RR Bridge See Pa RR
Denv<fc R Grist con g 4s. 1936
1930
Consol gold 44s
Improvement gold 5s.. .1928
Rio Gr So gu See Rio Gr So
Den & S West gen a f g 5s 1921)
Rens
1
1313.4
1334
J'ni'u
114k May'02
1334137
1154118k
102 105 4
1144117%
143
J'ne'02
143
14.1
Aug'01
1353) J'ne'02
103 ....
114 *. ...
102
3
112%.
1474
1474
J'ne'02
'
i'l534
lll%Feb'02
11138
90
1044
1104112
109 113k
13
101
844
89
89
1044.
111
101
93
102 J'ly '02
93 4 Aug'02
'•
1474147 4
1104May'()
109 34 Aug'02
88
111%
1474151
4 J'ne'02
1024
'"153"
108 34 109
1474J'ne'02
102 k 102 4 1024
*
144
115%Peti'(t2
122 J'ne'99
109 J'ne'02
147
J-D
138
141
'98
115%Aug'02
J-J
J-J
J-D
117% 120%
135
137
J'ne'li'J
'118%....
M-S
A-O
A-0
A-0
A-O
M-N
M-N
DesMoi&FtD 6eeCR<fcIP
Des M & Minn See Ch & N W
DesMoi Un Ry 1st g 5s. .1917 M-N
Det M & Tol See L S A U Si
Det & Mack 1st lien g 48.1995 J-D
11 7 4 May'02
135
137
140
Oct
91
102
J-D
J-D *"93*
M-S
A-O 115
94
94
114
Minn See St P M A M
-T-iast Ten Va & Ga
See So Ry
Elgin Jol& East 1st g 58.1941 M-N
1144.
J'ly'02
J'ly '02
115
J'ne'02
111
114
J'ne'02
112% 115
May'02
1154118
118% 122
Y&
&S W
A-O
119%
...
J-D
107
140
...
...
M-S
M-S
J-J
J-J
J-.I
lis
1
1
19
.!.:
1164Apr'n_'
l!'
Aug'O
Jan '02
115
994100
1
li)
'-i
•_'
.
139
100
984J'ly'02
98kl02
984 9S4
86 k 90
86^4
J-J
F-.\
93
935,
J-D
93k
133
934
Jan
25
'02
M-N
A-0
108
A-O
""".'.'.
M-N 115
1234 J'ly '02
106
93
133
96
133
123k
1 2534
See
Ch
M A: st P
See Pere
1084.
'ib'%
!
10334 100
Aug'O
137 14 J'ne'02
117
117
1184Apr'02
& Pere Mi
13041374
10 117
117
11841184
11534 118
1154118
102
1164May'02
109
110
100
110
103
11241154
1214J'ly'02
110
112 J'ne'02
12141264
110% 110
1084H2
....
....
....
112
112
114
116
May'02
10941114
105
95%
96
1094
1094
io*'"sale 106
J-J
J-J
F-A
J-J
J-J
J-J
J-J
J-J
1
3
'i
112
104
104 3
4
J-J
105% 106
1154 Apr'02
115
1044 Mar'02
1024Apr'98
1044105%
105 4 105 4
102 Oct '01
105
106%
103'
106
118
85
104
4 J'ly '02
110
104% May'02
104% 104%
99 '< 101% Apr'02
1004101k
May'99
123
874 87 4 May'02
"99
4 100
101
100
123
874 874
100
J'ly'02
4 Oct
101
'99
Nov'00
1114
1114114 34
1114
Mav'Ol
Nov'98
124
90
M-S
J-D 126"
J-D
J-D
J-D
J-D 106
J-D
M-S
J-J
J-J
106
1074 112
Hi
U3 4M.,r'00
.
F-A
K A
J-D
97%
95
109
109 k Sale
1
194
1274131
127k J'ne'02
Sep '01
104% Apr'02
104% 104%
10634 J']y'02
106% 106%
124
107
107
102
1044
ibl" Mar'02
101
107
105% 109
J'ly'02
10234 Mar'02
M-N T22
125k J'ly '02
M-S 1014 Sale 1014 1014
75
M-S
75
1104 1164
J-D
97 J'ly '02
M-S
100
102 34
1214127
984103
15
80
75
116
1194
95
97
M
107
1
29
71k 74
Registered 5s
l'.i'.r.
N Y 1 st gu g 4 4s
Registered
Leh
VTer Ry
1st
J-J
1940 J-J
1
N
Leh & Hud li See Cent of N J
Leh & Wilkes b See Cent of N J
Leroy <& Caney Val See Mo P
Long Dock See Erie
is
Unified gold 4s
Debenture gold 5s
Bklyn& Mont
J-J
J-J
M-S
M
A-O
A-0
1124115 34
108
1104Feb'02
109
110 Aug'O
1094J'ne'0z
109
.
1104
i'0'9"
9"
ii'
108
109
J'ne'01
"98*
97
J'ly'02
101
4 Sep *99
122
Mar'02
120»4
!
1
'0
.
97
10134 1044
103 104
Aug'02
May'O
Oct '00
102% 103
111 Jan '02
103
M-S
1911 M-S
ib'74!"" 1094J'ne'01
Sale
97
1214122
103
103
100
1
112
4 li 19 4
1204
118%Jne'02
1094 Oct '99
i
99
111
103
111
112
118
lsttg 6s. .1911
1st 5s
B
115% J'ly'02
1932 J-D
1949 M-S
193 J-D
N/B&MBlst con g 5s 1935 A-O
N Y& R
116
1144.
A-O
1st con g 5s. h 1931 Q-J
1st consol gold 4s
ftl93] Q-J
General gold 4s
193s J-D
Ferry gold 44s
1922 M-S
Gold
120412.3
118
Aug'02
118
.
M-N
gu g 58.1941 A-O
Registered
Leh V Coal Co 1st gu g 5s. 1933
Registered
193
Leh&N Ylst guar g 4s.. 19
Registered
1945
El C &
1st g 1st pf 6s. 1914
Gold guar os
1914
118
1st g5s.~
1927 M-S
1937 M-N
J-J
J-J
Unified gold 4s
1940
Registered
1940
Coll trust gold 53
1931
Coll trust 5-20 g 4s. 1903-1918
Cecilian Branch 7s
1907
E H & Nash 1st g 6s
1919
LCin& Lex gold 4 4s.. .1931
1st gold 6s
1930
NO<fe
2d gold 6s
1930
NO&M
101% Sale
M-N i004 sale
A-O
M-S
J-D
M-N 112
J-J 1284.
J-J 1224.
.
112 Mar'02
112 4 Jan '02
112 4 Apr'02
119 J'ly'05'
110 J'ne'02
101% 1Q2 'i
100 Jan '02
115 Feb '02
100 4 1004
106 Dec '00
115 May'02
103 Jar. 'OS
130 4 Feb '02
124% Apr'02
1124H24
11241144
118% 122
116 117
100 410334
100 100
115 115
100 1014
1144116
12841304
122 124%
on Next Page.
nnd Electric Light
Mut Fuel Gas Co See Peop Gas
N ewark Cons Gas con g 5s 1948 J-D
N Y G E L II & P g 5s. ..1948 J-D 112
Purchase money g 4s. ..1949 F-A
96
Ed El 111 1st conv g 5s. .1910 M-S 107
924 994
(Ifis
J-J
J-J
954.
F-A
M-S
J-D
F-A
A-O
J'ly '02
104
May'02
118
J'ne'02
104
118
61 4 Oct
107 34 Dec '00
964
bid and asked this week.
123
97
J'ne'02
99
1074110
J'ly '02
95
J'ly'02
aDueJan
1244
b
9534
9o4j
1995 J-J
g 5sl930
Paterson & P G & E g 5s. 1949
Peo Gas & C 1st gug6s..l904
2d guar gold 6s
1904
Refunding gold 5s
124%J'1V02
99
109
95
1st consol told 5s
1 st con
N Y&QE1 L&P
1st con gold 6s
'01
A-O
A-O 1244
EdElIlBknlstcongls 1939 J-J
97
104
117 34 1184 118
Lac Gas Lot' St Llstg5s.«1919 Q-F 108
Milwaukee
Uwaukee Gas L, Isi
1st 4s..192i
4s. .192 M-N * 954
latest,
M-S
M-S
A-O
A-O
M-N
M-N
J-D
Ij 2d gold 5s
1941 J-J
North Ohio 1st gu g 5s.. 1945 A-O
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997 M-N
MISCELLANEOUS BONDS—Continued
No price Friday;
1064
102
M
M
Mar
Gas and Electric Light
Ch G L & C Co See P G & C Co
*
Sale
.
114k 1144J'ne'02
115
106
12
K <\j
See
gold 3s..l95o
Gold 5s
1214--..
87% 924
May'02
is'.. Nbv'00
1114 Mar'02
NorShB 1st con gguosol 93,2 Q-J 1084.
10741104
116 1164 Louisv & Nashv gen g 6s. 1930 J-D 119
1
Columbus Gas 1st g 5s
1932
Conn Ry & L See Street Ry
Con Gas Co See P G & C Co
Detroit City Gas g 5s
1923
Det Gas Co con 1st g 5s.. .1918
Bkn
See
Ert El 111
K Co E L & P
Ed E 111 See X Y G & E L H & P
EqGLN Ylst con g 5s. .1932
Eq G <fe Fuel See P (i &> C Co
Gas<fe Elec Berg Co eg 58.1949
Gr RapG LCo 1st g 5s.. .1915
K C Mo Gas Co 1st g 5s. ..1922
Kings Co El L & P g 5s. ..193
Purchase money 6s
1907
&
M
J-J
J-J
J-J
J-J
Long Island
109 Oct '98
11534 May'02
117 May'02
103 Apr'02
1084 Aug'02
L argo & So
142
86k
J-J
-T lint
138
136
Kill
M-N
MidRRotN JlstgOs.1910 A-O
NYSus<fc Wist ret os.1937 J-J
2d gold 44s
1937 F-A
General gold 5s
1940 F-A
Terminal 1st gold 5s... 1943 M-N
Regis §5,000 each. ..1943 M-N
Wilk& Ea Istgug5s.l942 J-D
Erie & Pitts See Penn Co
Evans & T H 1st cons 6s. 1921 J-J
1st general gold 5s
1942 A-0
Mt Vernon 1st gold 6s.. 1923 A-0
SuilCo Branch 1st g 58.1930 A-O
Ev<fc Ind 1st con gn g 6s.. 1926 J-J
.
108% 109k
J'ly '02
J'ly '02
J-J
190S J-J
Small
Chic & Erie 1st gold 5s. 1 9s
Jeff RR 1st gu g 58
ol9i)9
Long Dock consol g 6s.. 1935
Coal & R R 1 st cur gn 68.1922
Dock& Imp 1st cur ils.. 1913
N Y & Green L gu g 5s. 1940
A
119%121»4
'.j
L39
"86% "8*7"
115
:
1
.
&N
Leh Val
115 ...
119 ...
1144...
884
88
<fe
Elm
M-N
14
102
A-O
72%
72k Sale 72
Registered
924 954
1951 A-O
63k Oct '00
84 4 87 34 Kentucky Cent See L & N
924 954 Keok & Des Mo See C R I & P
11 2% 115
Knoxville
Ohio See So Ry
T ake Erie & Wist g5s.. 1937 J-J 1194.
121k Aug'02
I^ast of
Cort A No See Leh cfc N Y
19-17
Erie 1st ex t gold4s
2d ext gold 5s
1919
3d ext gold 4 4s
1923
4th ext gold 5a
5thext gold 4s
19!
1st consol gold 7s
1920
1st consol g fund 7s
1920
Erie 1st con g 4s prior. .1 :;n:
Registered
1st consol gen lien g 4s.. 1996
Registered
1996
Penn coll tr g 4s
1951
Erie 1st 7s. .1910
Butt X
Buff
gold 6s
1908
g 4s.
1
Kan C & Pacific
Kan City Sou 1st
101
A-O
J-J
J-J
st
1
KC&MR&Blstgug5s.l929 A-O
Feb '01
86%Aug'0
89=8
H
1 95
1951
1951
1st gold 34s
1951
Registered
1951
1st gold Ss sterling
1951
Registered
1952
Coll Trust gold 4s
Registered
1952
L N O «fe Tex gold 4s.. ..1953
1953
Registered
1950
Cairo Bridge gold 4s
LouisvilleDiv gold 34s. 1953
1953
Registered
1921
Midland Div reg 5s
St Louis Div gold 3s.. ..1951
1951
Registei-ed
1951
Gold 34s
1951
Registered
Spring Div 1st g 34s. ..1 951
Western Lines 1st g 4s.. 1 95
1951
Registered
Bellev A- Car 1st 0s
1923
4s.
1st
..1032
Shaw
Carb&
g
Chic St L
O g 5s. ..1951
1951
Registered
1951
Gold34s
1951
Registered
Memph Div 1st g 4s. ..1951
Registered
1951
St L Sou 1st gu g 4s. ...1931
Bl
West
Ind
&
See C C C & St L
1935
LndDec<fc Wist g 5s
1st guar gold 5s
1935
Ind 111 & la 1st g 4s
1950
Nor
1st
1919
Great
6s..
Int<&
g
2d gold 5s
1909
3d gold 4s
1921
Iowa Central 1st gold 5s.. 1938
Refunding g4s
1951
Jefferson RR See Erie
A & G R See L S & S
Kal
OC
an & Mich See Tol
C Ft S <fe
See St L <fe S F
Central
Registered
K
i
Gold 4s
1995
Det Sou 1st e Is
1951
Ohio Sou Div 1st g 48. ..1941
Dul & Iron Range 1st 5s. .1937
Registered
1937
2d Os
Dul So Shore & Atl g 5s. .1937
<8s
1999 J-J
Col&H V 1st ext g4s.. 1948 A-O
Tex See So Pac
Houst E <fe
I llinois
100
75
1164 May'02
83^4 Sale
.M sir'98
Registered
I
1244.
i
....
Hi3
Houst<fc Tex Cen See So Pac Co
100
73
744 Sale
115%
NYN H
See
W
138
cfc
1
96
113% 115 io Hock Val lstcousolg44s.l999 J-J
ib'44Nov'0i
1
Resist e red
Term See St L S W
Nor— CB&Qcolltr4s 1921 J-J
ureenbrier Rv See dies & O
105
100
MorriSife Essex 1st 7s... 914 M-N
1st consol pnar 7s
1915 J-D
Registered
1915 J-D
1st ret go :3'.; s
Hi
.
113% Aug'02
Waco See M K T
Lack& Western 7s. ..1907 M-S *1174.
ifc
A-O
J-J
J-J
1st gu g 5s. 1029
Pacific See So Ry
100
884 Sale
105
Gulf &SIlstref <fetg5s 61952 J-J
& St Jo See C B A Q
1
alias
&
WA
/talHarASA See So Pac Co
".TalHA Hof 18821st 58.1913
Ga & Ala Ry 1st cou 58. .0 945
(it
Col Conn <fc Term See N & W
Conn & Pas Rivs 1st g 48.1943 A-0
Dak <fc Gt So See C M & St
Del
10641064
i(io"ii64
105% Mar" 02
W
W
1
High,
105
11384
Gray's Pt
Nov'99
138
Low
ci
( i
May'98
134 4 Jan '02
1934 J-J
Registered
1st pref 4s. 1940 A-0
Ind BU1st pf 5s...rtl93S Q-J
O Ind*
Peo & East 1st cou 4s. ..1940 A-0
1990 Apr
Income 4s
CI Lor & \V!l con 1st g 5s. 1933 A-O
Clev <fe Marietta See Penn RK
Clev<fc Malum Val g 5s.. .1938 J-J
Registered
193S Q-J
Clev & Pitts See Penn Co
194 J-J
Col Midland 1st g 4s
Colorado A- Sou 1st g 4s.. .1929 FA
Colum & Greenv Sc So Ry
Col & Hock Val See Hock Val
^\
%
1004.Feb '02
J-J
J-J
gOs
104% Georgia
High
Sep 00
Since
January
114
J-J
ii'i"
1914 J-D
oonsol 7s
1914 J-D
Consol sink fuinl 7s
General consol gold 6s. 1934 J-J
Ask Low
Hange
o
-5
J-J
1921 J-D
Den C 1st
Rio Gr 1st g 3-48.1928 J-J
1st g 5s... 101 S
landgr ext gold 5s. .1930
1943
Consol gold 5s
Fort St V D Co 1st g 4 4s. 1 94
Ft \V
Ft
Range or
104%
103%
1054
FlaCen& Pen
102
I
Week's
Last Sale
102
Gila V G & Nor See So Pac Co
101410334 Gouv <fe Oswegat See N Y Cent
102%10434
rand Rap & Ind See Peun RR
102% Aug'02
98
J-J
102
102
Price
Friday
August 15
Bid
Ga Car <& No
102
Apr'02
ioa
102
....
....
102
103
fel936 Q-F
Registered
Cin S<fc CI con lstg5s..l92S J-J
CCCcfe
j
S,
1
kl936 Q-J
1st gold 4s
~£
1st
<fc
W&
stock exchange
Wbkk ending august 15
n. y.
.See
Cleveland Cm Cine A St Louis
1998
General g 4a
1938
Cairo Div 1st gold 4s
Cin
M Div 1st g 48.1991
St LDlv 1st col tr g 48. .1990
1 990
Registered
Spr<fc Col Div 1st g 48.. 1940
.1940
Div
\V Val
1st ft 4s..
C I St L* C consol 6S..1920
331
2
Kia
O C C <fe St L
See C C C St L
Ciii S A C
P
Cleartiehl £ Man ffw B R
C
!
BONDS
Jianqe
Since
.T/v-'.t
Bang* or
N. Y.
Cin
111
'
.
Sale
108
120
120
F-A 1064
M-S
M-N
J-D
1943 A-0
1947 M-S
1064
104
L&
112
112
105
121
106
109
108
105
105
109
116»4
95% 984
1064109
904
J'ne'02
J'ly'02
120
l'-'l 34
10441084
1064
L04
J'ne'02
1034 J'ne'02
104
ChG-i^&CkelstgugSs 1937 J-J 110
Con G Co of Ch 1st gu g 5s. '30 J-D 108
Eq G & F Ch 1st gu g 68.1905 J-J 102%.
Mu Fuel Gas 1st gu g 5s. 1947 M-N
Trenton G & El 1st g os.,1949 M-S
Utica
Utica-E
E L & P 1st ssif g 5s.l950|
J-J
-J
5s. 1950 J
112
96k 964
104
106
U26
May'02
Dec '98
10841114
J'ly'02
J'ly'02
Apr'02
1074 1094
1024 105
J'ly'02
105
106
Feb '01
I
Due Feb dDueApr eDueMay ADueJ'ly fcDueAug oDueOct gDueDec sOptionsale
%
.
1
332
Bond EeCOrd— Continued— Page
BONDS
STOCK EXCHANGE
Week Ending August 15
Y.
ST.
Louisv & Nashv— (Continued)
PensacolaDiv gold 6s. ..1920
St L Div 1st gold lis
1921
2d gold 3s
1980
Mender Bdge 1st s f g 6s. 1931
Kentucky Cent gold 4S..1987
L<& N &
& M 1st g 4*28 1945
M
NFla&S
Week's
Range or
wi-s
8
MS
M-S
M-S
J-J
70
m
MOO
M-S
&N
Ala con gu g
F-A
Sink fund gold 6s
1910 A-0
L<& Jeff Bdge Co gug 4s.. 1945 M-S
L N A & Ch
Mahon Coal
5s. .1936
&L
&< L S & M
See
C
*
Since
Mar'02
100
34.
112*4.
99
J'ly '02
100
Mar'01
W
A-O
A-0
104 %.
101*2
110*4 110*2
112 114%
112 117
J-J
111
104*4 107*2
J-D
See Man Ry
Cent consol gold 4s. .1911 J-J
RR 1st 5S..1934
Pitts McK & Y 1st gu 6S.1932
2d guar 6s
1934
McKees & B V 1st g 6s 1918
Mahon
111
*a
114*2
1st consol income g 3s.al939
2d consol income g 3s..al939
Equip <fccoU gold 5s
1917
2d series gold 5s
1919
Coll tr g 4*28 1st Ser....l907
Mex Internat 1st con g4s. 1977
Mex North 1st gold 6s
1910
Mich Cent See
Cent
Mid of J See Erie
Mil L S
See Clue
Mil & Mad See Chic <fc
Mil
North See Ch
&. St P
Minn St L 1st gold 7s. .1927
Iowa Ex 1st gold 7s
1909
Pacific Ex 1st gold 6s. ..1921
South West Ex 1st g 7s. 1910
1st consol gold 5s
1934
1st andrefund gold 4s. .1949
Minn St L gu See B C R &
NY
N
W
&
&
82*2 Sale
82*2
32%Salo
32
22
22
Sale
26
32*2 164
13
22
32 3
.
20*2
N
&
96%
97
90% J'ly '01
97
96
.
128%
J-D
M-N
M-S
121
122
.
.
105%.
1051-4
Aug'
<fc
1st g 4s. ..1990 J-D
^1990 F-A
1944 M-N
2d gold 4s
97
103
98
Nov'01
99 34 Sale
147*2147*2
118 121
i26*s.l27
121
:
<4
121
120*4 124*2
103*2lU6
107
A-O
Dal A- Wa 1 st gu g 5s. .1940 M-N 102%....
Kan 0<fc Pac 1st g 4s.. .1990 M-S 90*2....
MK.feTofTlstgug5s.1942 J-D 108*2....
Slier Sh <fe So 1st gu g 58.194 F-A
Tebo<fc Neosho 1st 7s.. .1903 J-D
1st gu g 5s
1942 A-0 113
Missouri Pacific 3d 7s
1906 M-N 113 Sale
1st consol gold 6s
1920 M-N 124%125%
Trust gold 5s stamped. al917 M S 108*2 109
Beg Ls1
d
(tl!)l; M-S
1st coll gold 5s
1920 F-A *106 107
94
Cent Br By 1st gu g 4s. 1919 FA
.
MoK&E
oy&C VALlstg5s 1926
Pac R ot Mo 1st ox g 4s. 193b
2d extended gold 5s.. J
L Ir M<fc Sgen oun g
GenconsUunp gtdg 5s 1931
Unified & rel gold 4s.. 1929
lsl g5s.l92<
Verdi V 1 &
Mob & Binn prior lien g 5s 1 945
.Mortgage gold 4s
L945
St
.
W
1st
g5s
gold 6s.. 1927
1st extension gold 6s. .'(1927
General gold 4s
Montgom Div 1st g 5s.
St L«fc Cairo coll g 4s..
Guaranteed g 4s
coll 4s
See Soul
M&o
J-J
102^....
F-A
105
,
J-J
1131-2
A-O
A-0
117%Sale
J-J
93%
M-S
103**
<j4i
4
J-J
90%j'n>-o-j
107«4 J'ly'0'
105*2 J'ly '0
112i2J'ly'02
113
113
124 34 124 34
111
113*2
110*2 114%
122 126
100% 109*4
109
108 34 J'ly '02
L06
94
1
91*8
94
100 Maj 01
"l 104*4
105
105
116 J'11
114
117!4 117i 2 23 115*4
114 J'ly'Oi
114
93*4
93?8 204 92*4
109
95%
107*4
116*2
120
114
95
93 Apr '02
102
-.
129 b
93
97
129
127
98
114
M-S
F-A
115
..
:i
1
Feb '02
127
99
99
116 78 J'U '02
95>4Nbv'0
..
Q-F
99 %.
128*2
100
118*2
100*2 101*2
Mohawk..
N STC& 11
Monongahela Riv i'eeliiu
Mont Cent See St P M & M
Morgan's La & T -See S P Co
•
126
W
Nat
Mex prior lieu
4
125 34 J'ly'02
125% 129
114
116
114-4
115*4
H5'4
L13
nec'99
116 J'ly '02
114 34
116
116
111
..
119
Dec'99
ip
102
101
78*2
1951 A-O
1st consol 4s
New H & D see NYKII.v
N J June Bli See N Y Cent
New & Cin Bdge See Penn c<>
5
N O <k N E prior lien g 6s
N Y Bkln A- Man Bch
N YCent<fc H It 1st 7s... 1903
101 V
79
101
78
104
81*-j
:
1
1
NY4NE
1881-1904
Registdeu 5s of.. .1889-1904
Debenture g4s....l890-1905
1890-191)5
Registered
Debt certs ext g 4s
1905
Begistered
1905
Lake Shore collg 3*28. ..1998
Registered
1998
Mich Cent coll g3*28....199s
Registered
Beech Creel; 1st gu g4s. 936
Begistered
1936
2d gu gold 5s
Registered
:
1
Beeeb
(
r
1
& Ad
At lstg3
'-28bl951
J-J
J-J
M-S
M-S
M-S
J-D
J-D
M-N
M-N
103 34
103
F-A
F-A
F-A
F-A
J-J
J-J
J-J
94
Sale
.
.
101
101% 101%
104% .I'n. '"'
101% 104%
104%
106 34 J'ly'02
1 08 >a Apr '02
103 34 Aug'02
1 02 "a Apr '02
109 h Sep '97
106»4 )09*o
1()1 34
IOOI4
io6%ibi*4 100*2 I'm
93
106
93*2
94*4
93 Aug'02
93
93b
93 14 Feb '02
111*4 Sep '01
106 J'ne'98
B&
1
Qcolltr 1- See Gt Nor
1996
Registered
L996
St P<ft N P -v.. _ 6s...
Registered ceri lflc'8..1923
St Paul & Dul 1st &S....193]
2d 5s
1917
1st consol gold 4s
1968
Wash cent lsl g Is
L948
Nor Pac Ter Co 1 St K lis. 1933
Xor Ry Cal S(
Nor Wis See St P M .t O
StPanl-Dul Div g 4s
& Mont
See
6
100*sl01%
NY&N
3
See
95
106
Apr '02
100%Apr'0!
J
M-N 116
B
guar
C guar
I) is guar
E 3*2 guar g
106*3
J'ne'02
110i4ll3*-2
28
IIOI4H314
&H
No price Friday;
latest bid
and asked
this
week,
Nov'00
Apr'02
a
105*4 108
132*2
J-D
204*2 225
J'ne'02
J'ly'02
207 220
135*2135*2
135*2 Jan '02
'.
J-J *105*2.
J-J * 102*2.
J-D
J-D
F-A
Q-F
F-A
A-O
Dec '01
100
225
220
.
Jan
114
'0(1
106*4 Mar'02
106*4
104*4 104*2
101*2 No v'us
23 103
116*2Mar'02
133
133
132*4
106%
105*4
116*2116*2
135*2
1 133
2 L32
l:.2'i
136
134% J'ly'02
135%
101% 102
98 101^104%
100*2 Jan '02
100 100%
1.2
94% Sale
j
*103
104%
,
Sale
74*2
104%
104%
104%
104
75
73
75%
Apr'02
72
75
!02%May'02
100
102%
129%May'02
129 %
129%
74*2
132
122
106%
103*8 105*2
J'ly'99
12*2
1
Q-M
95
92
101*2 104*8
75
103
206
107*2 J'ly '01
103
103
72
112
101
95
941-2
100
OIK,
122
121
110*4 112%
Apr'02
Aug'02
Jan '02
94*2 94*2
115 119*?
1
J-J
1161-2118
116
J-D
A-O
112
110
114
112
]]2*2J'ne'01
108*2 J'ly '02
J-D
111
112
112
100
100
J'ly'02
110
108
A-O 102*a.
99*2.
M-N
M-S
Ill
.
102*2May'02
L02 Apr'02
Lll% Aug'02
110
.
110% J'ly
S6*2.
.
.
•
ColF&
'on
I
102*2102%
lltl.'8
101*2102
1
'02
1
1
1.1
113*2
112%
Nov'98
L02
120*4,
121
Oct '00
101
1
02
Nov'00
971-2
122
*2
99
123
A-O
M-N
I'
-A
J-J
J-J
J-J
110
11
F-A
J-J
1912 J-J
r.
1
109%114*a
98*4 J 'lv '02
123 J'ly'02
A-O
A O
J-J
112
'-'
a;
97
128 34
128
,
.
108
Sale
101
Sale
l,
Xov'ol
1-2
J'ne'02
114 34 116*2
114 34 115*2
97
128% Aug'02
8*j
128%
97
*a
128% 132
128% 131 *2
Api "01
110*21Mar' 02
130
107*2
108
103%
103*4
100
101%
110
115
J'ne'02
101
107
80
Max
105
Oct '00
A-0 109
110
J-J
108
ios
100
110*2110*2
592 103*8 i OS
1919 M-S
on Next Page
I
and Jron
Cogens fg5s.. 1943 F-A
ioi 1
Convertible deb g 5s
De laniel C & I See X
v Coal & C 1st g
ell A Clear C & 1 1st g 5s. 0'Ji
1926
2d gold 5s
Kan<V 11
Cists
Pleas ValCoal 1st gsf 58.1928
Booh & Pit C& I pur in 58.1946
[ran Coal TDivlst g6s.al917
Bin ii Div 1st consol 6a. .193
cab
Co 1st gu g 63.1922
HeBarC& I Co gu g 6s. 1910
PC Co 1st g 58.1919
f-a
i
1
.1
.
Duo Jan
.
CM
WULE&
Manufacturing
I03*a
L0*2Nov'01
107 Aug'02
107 Dec'O"
1
106*4
1
C&
1904 J-J
55
115
% 1 21 *a
122*2 127*a
113 34 114*2
U5%J'ne'02
19 19
W & C 1st 7s.
i
114%114*2
110% Aug'02
111
1-21
l21*2May'02
113% Jan '02
103
72'
106*4
99%111*«
i
TCI&R
N
M-N
M-N
ftl912 A-O
1st real est g4s. 1923 M-N
Consol sterling g 6s
1905 J-J
"Warrants conv 3>28 50% paid
Con currencv 6s reg...
Qjj
95
Coal and Iron
Olearf Bit Coal See
YC
Col C <fe I Dev Co gu g 58.1909 J-J
Col Fuel Co gen gold 6s.. .1919 M-N
124
122*4l23*-2 122*2 J'ly'02
116*2 Feb '01
96
97%
113*4 Oct '01
106
130
115%J'ly'02
93
100*2 100*2
132*2
L27
J'ne'02
115%May'00
A-O
A-0
M-N
9 12
1945 M-N
Series
Series
Series
Series
Pitts Ft
Consol gold 5s
100*2 Oct '00
1 09
Oct '99
114*2 Apr '02
128
127
110 Lee '01
100*oNov'00
10
PCCc&StLgu4*28A...l'.<
97*2100%
118 58 Dec'01
128 J'ne'02
19 12
98
03
97% Aug'02
97*4
West Union col tr cur 5s. 1938 J-J 110*2112
Fd and real est g 4*28. ..1950 M-N 106
.Mut Un Tel 8 fund (is. ..1911 M-N 111*8
Cah Coal Min See
>as
96*4
107*2 J'ly '(to
110*4 Dec '01
We
Northwestern Tel 7s
a
Penn Rli
l'.iJOM-N
Tel
No Westn Teleg
-
-130
J-D
A-0 225
192] J-J
1921 J-J
93*2
93
93
Telegraph and Telephone
J
-1
1
101% 101%
....
1st g
Begistered
Guar 3 *>2S coll trust reg. 1937
Guar S*2S coll tr ser B...1941
CSt L«fc P 1st con g 58.1932
Kegistered
1932
Clifc P gen gug 4*28 ser A. '42
Series B
19
Series C 3*2S
Series D 3 *2S
1950
Erie& Pitts gug 3 *2S B.1940
Series C
L940
N<fc C Bdge gen gu g 4 *2S 1 945
(
J-J
Q-J
Q-J
,
M-S
W
miMCKIXANKOrs BONDS—Continued
Tel coll tr 4s 1029
Comm Cable Co 1st g 4s. .2397
Registered
2397
Erie T & T col tr g s f 5s.. 1926
Met T & X 1 st s f g 5s
1918
Mut Un Tel Co See Westn Un
146%Apr'01
1
100*4 loin,
23
127*2127%
,
123%
-
107%
114
114
127*aFeb'02
138
128
104*2107%
Y Cent
General gold 5s
1937
Ore & Cal See So Pac Co
A;
Nav
RR
Ore
A'eeUn Pao
ire Short lane
See Un
iswego & Rome See N Y" C
O C V & St P VeC A N
Co 1st g 6s
1946
Pac Coast
ac of Missouri See Mo Pao
'a nama 1st s fund g 4*28.-1917
Sink fund subsiilv g 68. .1910
il*5"
1992 Sep
Am Telep &
N
See CecOlnd&W
um River RR 1st gos.
1.02% 104
....
4 112
116
3 ill 2» 8 115*2
107*2 J'ly '02
110*2 Mar'00
114 Feb '02
Q-F
<
1
2<l7s
3d 7s
1
:
J-J
J-J
J-J
J-J
lien g 4s.. 1997 Q-J
Registered
1997 (i-J
</'_n 17 Q-F
General lien gold 3s
102% 103%
1st
Income 5s
107%109*a
Nor Pac— Prior
1001s Nov'01
Sale
94*2
Sale
104*4
.-
1
109
Apr'02
Jan '02
•('_'
.-
1996 A-O
Registered
A-O
gug 48. ..1981 J-D
Clearf BitCoallstsf 4s. 940 J-J
Gouv&OswelstgugSs 1942 J-D
Moh& Mai 1st gug 4s.. 1091 M-S
Cart
101%
101 3„
107
--
PocahC& C joint 4s.. I'M J-D
CC&Tlstgug5s
1922 J-J
ScioV&NElstgug4s
M-N
North Illinois See Cln & N \\
North Ohio See L Erie & W
Penn Co gu
J-J
J-J
li
104%Mav'()2
<fc
tfc
Registered
1903
Gold mortgage 3 *2S
1997
Registered
1997
Debenture 5s Of.. .1884-1904
105*2Nov'01
r
1
A-0
1
J-J 113*2114*4 114*2 114*2
113% 113 34
J-J *113 34 ...
J-D 104*2...
104%J'ne'02
N Y & North See SYCAH
N YO& Wref Istg43..ffl992 M-S 104*2 Sale
Regis 85,000 only
ryl992 M-S
N Y & Put See N Y C & H
N Y & R B See Long Island
N Y S & W See Erie
N Y" Tex & M See So Pac Co
Nor& South 1st g 5s
1941 M-N
Norf & West gen g 6s
1931 M-N 133
Iinprovem't
ext g 6s.. 1934 F-A 129*2
New River 1st g 6s
134 3
1932 A-O *
N & W Ry 1st con g 4s. 1996 A-O 101% Sale 4
1
1
/) 1
Convert deb certs $1,000...
Small certs S100
Housatomc R con 5s.. 1937
N H & Derby con g 5s. .1918
1st 7s
1905
1st 6s
1905
I
A.-0
'_•
.
115%116
5s
Jasper Branca Lsl g6s..l923 J-J
McM M & Al 1st 6s. .1917 J-J
T & P Branch 1st 6s. .. .1917 J-J
Nash Flor & She! See L & \
of
NYNH&Har 1st reg 4s. 1903
Nor
& Essex SeeDelL&W
Chat & StLlst7s.l913
Nash
1st consol gold
Hit
Dec'01
A-O
A-O *114*2ll5
1937 A-O
See Erie
.
Morris
Low
.1989 J-D
fc
lOl^J'nc'O'J
A'o
Since
January
<fc
C
102
132
o
<fc
Registei
,;
129*2
125 127
99
J-J
102*»Ma\'O2
108b
1
Range
5
High
Loiv
108
N Y & Greenw Lake
NY&
Har See N Y C Hud
N Y Lack & W See D L W
N Y L E & W See Erie
N Y & Long Br See Cent of N J
N Y & N E SefKYHH&H
llOWIVOO
J-J
J-D
J-D
98 101*2
81*2 87*4
103 108
85*2 88*4
102 106*4
90*2 92
104*2 107 34
101*2105*2
107% Aug'02
87^ 87% J'ly '02
1st ext gold 5s
St LDiv 1st ref g 4s. ...2001
!•
<j.
100
84 -a
84
Stun
Registered
Apr '01
99 34
84% Sale
1
C<fc
m
1
Range or
F-A
F-A
R W& O con Istext5s./tl922 A-0
Oswe& R 2dgug5s...el915 F-A
RW&OTRlst gug5s.l918 M-N
Utica & Blk Rivgug4s. l't'JJ J-J
N Y Chic & St L 1st g 4s. 1937 A-O
147i2J"an'02
118 J'ne'02
127 J'ne'02
121 Jan '02
123 J'ly'02
.
Ask
Bid
N Y Harlem g 3*as...2000 M-N
Registered
2000 M-N
N Y & North 1st g 5s. ..1927
A-O
98°.
May'00
105
Week's
Last Sale
<fc
30
M«fcPlst5sstpd4sintgul936 J-J
Mob Jack & K C
Mob & Ohio new
JL&S
25*2
Bat
145
118
M S S M A 1st g 4 int gu 1926 J-J
M StP& S S M con g4int gu'38 J-J
Minn Un See St P M &M
Mo Kan & Tex
4s
Registerei
1st g 3*2S
A-O
F-A
Price
Friday
August 15
1931 M-S
1931 Q-M
1940 J-J
1940 J-J
1951 M-S
Registered
81% 85
30% 36*!i
A-0
M-S
J-D
6s.
5s
&NW
NW
M
&
J'ly
J'ly
C'l
Mich Cent 1st consol
Metropolitan El
Mex
sis;
J-D 101*4...
J-D *107 ....
Registered
199. J-D
Det Moil & Tol 1st 7s. 1906 F-A 108*2.
KaA<feGRlstguc5s.r.K!.N J-J
Dec'01
104 34 Aug'02
105*4 May'01
111*2 Aug'02
1st 4S...19S6
1986
NY'&Pulstcongug4s 1993
Nor& Mont 1st gug5s. 1916
West Shore 1st 4s gu... 2361
Registered
2361
Lake Shore consol 2d 78.1903
Registered
1903
Gold3*2S
1997
I
S
anhattan Ry consol 4s. 1990
Registered
1990
Metropol El 1st g 6s
1908
Man ,S
Coloniz g 5s
1934
McK'pt & B V See N Y Cent
gu
Registered
99
J'ly '02
117
115
N J June R
125*2l27i-.
75
77*s
110%Mar'02
114%FeD'02
117
N. Y.
116%
115
LXXV.
[Vol.
BONDS
Mange
125i2 125i2
75 J'ne'O
113 Nov'99
Pens* Atllstgug6s..l921 F-A iu"
S
Last
116 3
3
STOCK EXCHANGE
Sale cqoc January 1
Week Ending august 15
High No Low High N Y Cent & H. K— (Continued)
Ask Low
Bid
gug 5s. ..1937 F-A
1st
Price
Friday
August 15
SAh
"
:
J-D
J-D
b
115
Due Feb
115
106
106*4
J'ne'02
ioa
Feb '00
108
L08
111*2
118
103%J'lj '02
32 Jau '00
101
May'97
104
3 -3
M-N
.1
-D
F-A
J-J
in:.
'-2
101
&
Industrial
Bicycles f deben 5s I'M
1915 Q-F
Cot Oil ext4*2S
Amer
112
108
'07
A
in
e
Due May jDueJ'ne A Due
J'ly
65
100
Sale
p Due Not
64%
101
*
i,7>,
% J'ly -02
Option salo
46
50
73
99*2 102
O2
August
3
Bond Record— Concluded— Page 4
16, 1902.]
BONOS
N
Price
VIK
Weakfs
Jianye or
Last Sale
BONUS
J.'aiu/e
Friday
August 15
ENDING AUGtfST 15
pcnu RR— Continued)
AUegVal gen gug 4s..
Mar 1st gu g 4*38.. 1£35
MX
I
112!>4Mar'tMi
Lll*aMar'02
I
111*2111*2
.
geu4s.l944
U <S Sash
East Si CC C A S1 1.
Pek I'll 1st g6s....l921
Peo A
Pee-
MS
RR ACan
.V;
iVf'MaV'OO
122
M923
MX
-
[
Feb '02
130
130*4
101
12
125
112
....
L25
112^114
112
May'02
113 >2 11438
113*-2J'1.\ '02
125
g 63.1920 A O
1939
g 5S.19S9 A O
SagTus* H Isl gue 4S.1931 FA
Pine Creek reji guaros...
D
l.
See Pent) Co
Puis On tvPitts Clev
Tol 1st g 6s.. 1922 A-0
an Co
Pitts Ft \V .v
1922 JJ
Pitts June 1st gold 6s
d g 5s...al928 A-0
pitis
t
115
113*2 117
137" NoV'9
'
M
i
.
.
Pitts McKees & v See N Y Cell
Pitts
L E Ls( g 5s. ..1940
1943 J-J
1st oonsol gold 5s
1917 J-J
Pitts it West 1st g4s
J F M it Co certfs
1st
Ash
V
it
oon
53.1927
Pitts
M-N
Keading Co u<u g 4s
J-J
AC
SU&
1997
Registered
Jers
.
&
Roeh
See
Pitts
B R
it
Rome Wat & og See N
Rutlmi't Is: run g 1*38
Y
P
<
120
120
121
100
101
lOO^
117H>
98 h Sale
LakeC
1st
'01
100V
A-O
A-0
J-D
93*4
93*2
J-J
J-J
10*
111
97
!""! Ill
13
May'02
:
L12*2 LI 5*4
sou
Aug'O^
93
98
100 102",
92 U 95%
07
97
SO'- J'lv'o-J
82
92 34
101*4
91
94-\
No v'01
gs i 6s.. 1913
Aug'02
97
(
'
W
M
jistered
Dakota ext gold 0s
ext 1st gold 4s
Registered
95
1st div 1st g5s..l 908
Nor Div
1st gold 4s
Minn Union 1st g 0s
MontC 1st gug lis
194
192
:
P&
A
X
W
M-N
M-N
13D
J-J
J-J
J-J
132
lU'i
98^2
J-J
91 J -2 92
M-N
J-J
*
Jan
'02
99 t8
89
Salo
A-O 1133s.
140
100
107
130 '4
90*4
94%
89%
90*8 300*2
77
90
81 «fe J'ne'02
88*2
89
80 78 81%
90
88
114*2117
136*2141*2
May'02
.12% Aug'02
16*8Ai>r'(ll
115*2
L5*a
Aug'02
128
Apr '02
140
139
112
in
100
106
107
1
115*2
L5»8
U8*8
105*4109
Aug'02
100 yl07
;:
1
i
J-D
M-S
111
J-J
Hi :% Dec '01
Dec '01
12*
Dec '99
12;
See
Nor &
W
Seaboard Air Line g 4s ...1950 A-0
Coll tr refund g- 5s
1911 M-N
6eab& Roa 1st 5s
1926 J-J
Car Cent 1st con g 4s... 1949 J-J
Slier Shr & So See M K & T
129^.
114 1
97
-!
.
.
124*al25
124 5s 125*2
112^.
93*8.
90 l4
Aug'01
;
*4
110
87
89 84 Sale
104 >2 Sale
Xov'Ol
May'02
Aug'01
110
89*2
J'ly'02
.
A& N Wist gug 5s.. ..1941
Cent Pac 1st ref gu g 4s 1949
Registered
1949
J-J
87 l 8
89% 132 84
89 3
104 >i 104*2 38 102 58 105*2
104 34 Feb '98
96*.>4 Mar'02
96*4 90*j
FA
FA
A 1st g 6s. .1910 FA
&WT
1st g Ss.1933
104
99 101'
92
90
94 58 95
111
100*2 Sale
"88*2 "89"
107 a4
104
•
.
J'ne'01
100*2 101*4
997e j'ne'00
88%
88%
89
113
J'ne'02
109% 113
Mar'02
10S
110*4 Apr'02
108
108
106
.
87
108
109*2.
M-N
Manufacturing: tfc Industrial
Am Hidodb L 1st si g6s..l919
Am Spirits Mfg 1st gOs.,1915
Am Thread 1st col tr 4s. ..1919
Bar & S Car Co 1 st g 6s... 1942
Con so
50-yrg 4s. 1951
1
Registered
I);
id!
iii
.'.
mi
1
coll
I
v e
G478 Salo
'4
10S
109*2 110*4
May'02
Feb '02
108
105
Gramercy Sug 1st gold 6s. 1923
111 Steel Co deb 5s
1910
Xon-conv deben 5s
1913
Iut Paper Co 1st con g 6s. 1918
Knickerbocker Ice (Chicago)
1st gold 5s
1928
Xat Starch .Mfg Co 1st g 6s 1920
Hat Starch Co s f deb 5s. .1925
Stan Rope
1st g 6a... 1946
Income gold 5s
1946
S LeathCosfdebg6s..l913
1J o
i,cdLiiV/U3imjw^D»..iyioiivi-^
M-N|
No price Friday;
latest bid
99*2
100
X
J-J
A-O
1<>5%
L05
83
111%
109 v,
109?8
112
J-J
J-J
114
J-J
J-J
J-J
121 *a Sale
10514108*4
99%.
J-J
I
.
L2*2
H4.J
llOOgJan'02
116=8 iio <%
119*2 J'ne'l
119*2 U9>«
No-
'fin
12 108*3
115
Mnv
96
Aug'
121
J'ne'
iii"
110*4
108 108
114*2114*2
26
:*:'."•.'
i
24"
122 122
99*o
97
112*2 115
99 101*2
99 Aug
115 Mar
100*2 Aug
120 .Mar
M-S
'-j
94
98*2
98*4
A-O
J-J
J-J
105*2 J'ne'02
108 Dec'01
114'2 Feb
108*2 J'ly
121*2 12
122*2 Jan
"99""""
87% 92
81
112*8 13 3
108
118
ss-.
112% Apr'02
12*2Aug'02
109.g
109,9
110*4 Ai>r '02
112
J-J
J-J
J-J
Jan'01
Xov'Ol
2
107
F-A
M-S
M-N
M-S
M-S
'2
1
1
100
107
117
A-O
A-O
A-O
A-O
M-N
M-N
120
110% 117
1
-.
110% Aug'
1163* 120*2
120 12234
Aug'
122
'121*4
117*2 J'ne'
125%
J-J
1
125
119
121
J'ly'02
101*4 J 'iv '00
92*4
F-A
J-J
122
J-J
J-D
,
l
117 J'lv'00
98*2
98*2
12734
122*2
111*4 113*4
98 Apr'02
120 2j no'02
118
!:;''-2ll7 *a
125" i29"
128 J'ne'02
120*4 J'ne'O2
124 '2
J-J
J-J
RR
series
A
1939 J-J
Series B
1939 J-J
1st lien equip s I'd g 5s.. 1921 M-S
Det&Ch Ext 1st g 5s.. 1941 J-J
Des Moin Div 1st g 4s. .1939 J-J
OmDiv 1st g 3*28
1941 A-O
Tol& ChDiv Istg4s...l941 M-S
St Chas Bridge 1st g 6s. 1908 A-O
See Del Lac & West
See Xor Pac
See Southern
WestX
Pa 1st gos.. 1937 J-J
Gen gold 3-4s
1943 A-0
Income os
dl943 Nov
West Xo Car See South Ry
West Shore See N Y' Cent
VaCent& P 1st s 6s.. 1911 J-J
WTieei'g& L E 1st g 5s.. .1920
Wheel Div 1st golil 5s. .1928
Exten & Imp gold 5s... 1930
1st consol 4s
1949
Wilkes & East See Erie
Wil & Sioux F See St P M & M
Winona
112
100
&
St
P
Wis Oent 50-yr
10
90
109
123
90
112
123
115
116
98
120
98
121
98*2 98*2
114*2 Mar'()2
118 7s J'ne'02
115*2 May'02
113*2...
115
...
120
99
'
114>2ll4*a
hh*3 lie's
11234 115 *a
Feb '01
104
120
120
119 122
99*2
96 • 102%
99*2
111 J'ne'01
112*2 J'ly '02
112*2 114 .2
1 12*2...
Ill
...
112 SfeNov'OI
107
1 10-'s
100 108*2 109 May'02
94*2 98 34
95
96*4 J'ly '05
93*9
92
92
92
91
90
88*2 92 '4
92
89 J'ly '02
09 81 4 87
83
83
83?s Sale
99 13
98*2
8 97
98
98
110*2 113
II21-2
111*2 J'ly '02
"68
104*4 106*3
104 34 Sale 104 34 105
104*2 106*3
104 J'lv'02
109*4 Wale 103*8 109 7s i§62 105*4 110%
108 Apr'02
106 106
..'.'.'.. io:;i.
103*4 "ll 102
IO434
10234
129 1-2
1 25*2 126 'o 126
3 126
126
119*3
1
116*2
116*2...
117
117%
117*2 J'ne'01
114*2 Apr'02
114*2 114*.,!
Sale
100
.3
!
11878 Sale
llo Sale
103
77*2 Sale
i09"
93
'.'.'".
.
.
88*2 90
98
110
U8.3 11 9*2 16 118*8 121
110
11 0*i 31 110 11434
100 J'ly '02
100 103
70
66*3 7834
7 8*s 2702
105 10534
105 34 Apr >02
109*2 Aug 02
109 111*4
97
97 May 02
95
86*4 89
J'ly
88*2
02
98
98
98 Mar 02
109 111»8
110 May 02
See
C
1 st ire
<fe
n 4s
X
.
119
120
100*2 103
40
35
A-O
111*9
113*2
J
119*2
101*2
119%
119
112*2ll4 .2
133 115*2
114*2 Jan '02
113
Apr'02
112*2 Jan '02
F-A
M S
95
113 Dec*03
96
95*a
J-J
92*2 Sale
1
113
9G
112*2 11-2*3
17
91
97*9
33
88
95
W
1 949
92
121*2
98% 101*2
101*o
Mar'01
92*2
KONDS—Concluded.
89%
89
82
105
40
94*2 100
is
80
91*2
82
S3
0434
05*2
86
09",
J'ne'02
Jan
'00
05*4 550
64%
05*2 Mar'02
'-2
102 34
100 34
.
.
98
104
86
66 *2 67
15*2 Salo
Jan '99
May'02
99
100
107%
107*2
93 Aug' 00
104 Aug'02
94 Apr'02
66 34
66 34
15*4
llo'8
113 78
and asked, o Due Jan
b
3
5*2
7
lX3's
113
i
Due Feb
Adams Ex coltr g4s
1948 M-S
Am Dk & Imp 5« See Cent X J
Am SS Co of WVag5s....l92o M-N
FerryCo 1st cons g 5s '48
ChioJotfcStYard colgSs.1915
)nt,M&M Id gr incomes. .1911
iiohoken u & I gold 5s. ..1910
Mad St] Garden 1st g 5s. .1919
F-A
Xewp Xe
J-J
15'kl'n
90 "43
95
99^8 Apr '01
:,.,.1911
&T
113
Miscellaneous
9934 Salo
89*2
1951
Is
111
W
15 100*2 104
ail.SCKLliANEOL'S
1
J-J
WashO&W
Y&
Dec '01
100
J-J
V G & X 1st gu g 5s. 1924 M-N
Hous E
123
95*a
137
123.3
Warren
J-D 100 100*2 100*4 100*2
J-D
94*3 Sale
94
94fc
J-D
95 Apr '02
2d gold 7s
1905 J-D
Mex & Paclstg5s....l931 M-N
Gila
123»2Feb'02
93»4
L25% 127*2
Wash Cent
Mortguargold3 12 s..fcl929 J-D
Registered
fcl929 J-D
Gal Har<fc S
110*2114*2
'-.•
RR
Debenture
95
.
97
117'"101
88 Sale
M
P& W
110
W
Sp Oca & G See Sav F &
Sod Bay & So 1st g 5s
1924
So Car & Ga See Southern
So Pac Co— Coll tr g 4*23. .1905
Gold 4s (Cent Pac coll). AT 949
Registered
AT949
Sil
113*2J'ne'02
95 J'ly'02
127*2 Feb '02
134*2J'ly'02
"'1(10
LM
'
112H1
121*2
High,
1Y6" 11212
W X
I
9c
A-O
St L 1st g 4*28.-1939 A-O
1894 -194-1 F-A
1st con gold 5s
BgeTergugos.1930 A-O
St
Tex
O See So Pac Co
Tex & Pac E Div 1st g Os ..1905 M-S
2000 J-D
1st gold 5s
2d gold inc 5s
?2000 Mar
LaDivBLlstg 5s
1931 J-J
3 935 J-J
Tol<fe O C 1st g 5s
Western Div 1st g 5s... 1935 A-O
1935 J-D
General gold 5s
lstgu g 4s.. ..1990 A-0
Kan &
Tol
1st gold 4s. ...1917 J-J
Tol St L<fc Wpr lien g'3*-js. 1925
1950
50-year gold 4s
Tor Ham & Bull 1st g 4s. '(1946 J-D
I rister & Del 1st con g 5s 1928 J-D
n Pac
& 1 gr g 4s.. 1947
Registered
1947
1st lien convert 4s
1911 M-N
Registered
1911 M-N
Ore Ry & Nav eon g is. 9 Ifi J-D
Ore Short Line 1st g6s.. L922 F-A
1st consol g 5s
1940 J-J
Utah & Xor "1st 7s
1908 J-J
Gold 5s
1920 J-J
'ni
J RR & C Co See Pa
Utah Central See Rio Gr Wes
Utah & Xorth See Un Pacific
Utica <fe Black R See
Y Cent
See Mo P
\[ er Val Ind &
» irginia Mid
See South Rv
1939 M-N
Wabash 1st gold 5s
2d gold 5s
1939 F-A
I
A-0
A-0
J-J
1
140*4 141*4
Apr'97
124*2 J'ne'02
126*2 Feb '02
W
&XE
Low
-
nary 1
W
teMK&T
Pebo&X
1 erAof
U
May'01
115
f
A-O
.
&N
99 's
141*4 Ai>r'02
124
98*8
125*8125*8
115*2 J'ne'02
186*2 136*a
1
115*2 Sale
96*2
97*9
125*8 J*ne'0
9is4
92
100
89>a 90
89
J-D
J-D 100
A-0
A-0
A-0
114%
HH
99 U Aug'02
97^ 97
901-2
125^.i
E 5s
W
W
108*4
108*4
108*4 108*4
J'ly'02
130*a
loo
A-O
M-N
A-O
A O
St John's Div late 4a... 1934 J-J
Ala Mid 1st gu gold 58.. 1928 M-N
Bruns&
Istgug4s..l938 J-J
SilSpOca& G gug 4s. ,191b J-J
Scioto Val
.\o
M-S
111 *4May'0_
A-0 111*4
90
90 May'02
M-N
110 58Aug'0_
M-N
120%
123
Feb '02
M-S
M-S 112*4 116*2 102 Oct '99
114 Sep '01
1926 M-S 115
116 J'ly'02
1930 M-N 116*2
110*2 Dec'01
1936 M-N
General 5s
Guar stamped
1st cy gu 4s. .1924
O&
107 111*2
West X C 1st con s. 6s. .1914
107
110»8 S & X Ala See L & X
130*sl34
Spok Falls & Xor 1st g 6s. 1939
11438118
Stat isl Ry 1st gu g 4*2S..1943
90 100
Sunb & Lew See Penn RR
100 100
Syra Bing & X Y See D L &
M
&
—
Series
J-J
1937 J-J
J-J
J-J
Registered.
1937
1st guar gold 5s
\Vill<fc S V 1st gold 5s.
Xor Pac See Nor Pac
St
S'x City See C St P
St P
it
S Fe Pres <fc Ph 1st g 5a.. .1942
S
& P 6ee So Pac Co
P 1st sink f g 5s. 1919
S F <fe
1st gold 6s. ...1934
Sav V &
1st gold 5s
1934
99*2
A-O
J-J
J-J
J-J
1933 J-J
1910 M-N
1937 J-D
193' J-D
Registered
& D...19O0
lstg6sseries Kit F...1912
1912
1st gold Os
103
1st con guar g 5s
1905-.. 193,
Stamped
SPacofXMexlst.g (is.. 1911
1937
S P Coast 1st gug4s
1905
Tex& X O 1st 7s
1912
Sabine Div IstgOs
1943
Con gold 5s
1994
Southern— 1st con g5s
1994
Registered
Moli & Ohio coll tr g Is. 1 038
Mem Div 1st g 4*2-58.. .1996
St Louis div 1st g 4s.. ..1953
1918
Ala Cen R IstgOs
191s
Atl & Dauvlstg 4s
Atl it Yad 1st g guar 4s. 19 19
1916
Col<fc GreeuvlstGs
E T Va & Ga Div g 5s. .1930
1956
Con 1st gold 5s
1938
E Ten reor lieu g 5s
1938
Registered
1922
Ga Pac Rv 1st g Gs
Knox & Ohio 1st g 6s. ..1925
1915
Rich <& Dan con g Os
Equip sink fundg 5s. .1909
stamped
1927
5s
Deb
Rich <fc Meek 1st g 4s. ..3948
So Car & Ga 1st g 5s.. ..1919
Virginia Mid ser C 6s. ..1910
1921
Series D 4-58
.
95*2
Jeul
M
A
li'i
111
101
M
EMinn
i02*s
1941
St Joit Gr Isl lsl g 3-48..1947
St Lav* it Adiron 1st g 5s. 1996
1990
2d gold lis
St L it Cairo See -Mob it Ohio
Mount
St L«Jc Iron
See Al 1J
St L K C it N See Wabaali
St L
Br .bee T RR A of St L
St Lit 8 BTan 2d "fell K 1906
2d gold os Class C
1906
General gold 6s
1931
General gold 5s
1931
St L it s F RR gold 4a.. 1996
uthw DiT 1st g os. .1947
Refunding uis
1951
K C It S it con g 6s.. 1928
!';
K
S it M Ry ret' g 4s 1936
Registered
1930
St Louis 8u .see Illinois Cent
St 1. S
1st g 4s Ud ctfs.1989
2d ;; 4s me bond Ctfs...i>19b9
Trust Co ells
Consol gold 4s
1932
Gray's pt Ter 1st gug 5a 1947
St Paul it Dul see Nor Pacific
<t Man 2d 6a. ..1909
St Paul
1st consol gold 6s
1933
Registered
1933
Reduced to gob! 4*as..l933
Mont
121
Too"
92
Apr'01
90*2
96*2
100 "a 100% L00*a
'
121
lis'V
JJ
113""
li
,
May'02
98
96*2 Sale
Rut-Canadlstgug4*2S-1949
Oag lus & it See Peru Marq
(Oalt
Oct
98 J'ly'97
102*2 J'ne'02
lol
Apr '02
111 J'ne'02
J-.I
..1951 A-0
Beussi laer & Sar See 1> it H
Rich it Dan See South Ry
JRich it Meek See Southern
Rio Gr West 1st g is
1939
Oonsol and col trust 4s 1949
"Utah Cent 1st gu g 4s.al917
Bio Gr Juno 1st gu g 5s.. .1939
1940
Bio gr So 1st gold 4s
194u
Guaranteed
122
114
J-J
1st a Os series B
IstgOs series C
107*2 Oct '98
122
.v.-
1920
gulst g 4s. 191
Xoof Cal 1st gu g6s-...190
1938
Guaranteed gold 5s
Ore it Cal 1st guar g 5s. 1927
48.1943
sr
gu
Pass
1
g
SA&A
So P of Ar gulst g Os...cl 909
C1910
1st iitiar g Os
1905
SPof Cal IstgOs
1st gold Os
130*4
Ool '00
J'ne'02
;i:x
A-O 112
95*2
A-O
M-N
A-0
XV Tit Mux
-
2d gold4*as
Vlarq— FcS P M
1st oonsol gold 5a
Pt Huron Div 1st
Consol g Os iut guar.. .1912
Gen gold 4s iut guar.-lO'jl
cur 1st g 6s '30
Waco it
Morgan's La & T 1st 7s. 19 18
XW
!
& Al
Jail
.
K R R<ft Bge 1st gu 4sg.'36 F-A 103 "
I-J »110%.
Or R«
bun Jt Lewis 1st g Is..
J-J 101
J
a? (*
'.
11
U N
liange
Since
eefe's
X. Y.
.Since
I"
)
1943
lvu~>>1 gold 4s
Pensaoola
H
Price,
Friday
Banye or
STOCK EXCHANGE
Last Sale
A ugust 15
January 1
WEEK ENDING AUGUST 15
Hid
Ask Low
/lid
Ask Low
High Ko Low High southern Pac Co— (Continued
High
M-X
E & W T 1 st gu 5s red .1933 M-N 111
H
r
ill Augv02
L02"NoV'97
MS lbs"
H & TClstg5sintgu..l937 J-J
STOCK EXCHANGE
V.
333
100
20 107
104
89
55
100
112
NY
110
95
74
19
<-i
116*2|
Z|11Z
112 -Lm^l
c
J-J
A-O
M-N
M-N
Man BchH&Lgeng4s..l94() M-N
"62*34
Due Mar
<i
Ship
& D D 5s dl990
Dock 50-yr 1st g 4s.. 1951 F-A
St Joseph Stk Yds 1st 4*38.1930 J-J
St L Ter Cupples Stat'n & Prop
Co 1st g 4*28 5-20 year. .1917 J-D
s Yuba Wat Co con g 6s. .1923 J-J
Sp Val Wat Works 1st 6s 1900 M-S
U S Red Ref 1st sf g 6s. 1931
&
96*4
103 58 107*2
10034 J'ne'02
i00 34 101*2
79*4 85*2
80*s Aug'02
80
1
90
105*2
105*2
105*2.
'65"
97
Mar'01
111
04
J'ly'02
30
68
50
Feb '02
38
50
96
90*2 ibo"
96
102
101
105
Feb'97
113*2 J'ly '00
87
85
Aug'02
8934
'
Due Apr t/DueJ'ne
'(.DuoJ'ly
A;
Due Aug pDueXov gDneDec
s
Option sale
%
1
.
V
1
1
6
1
BOSTON STOCK EXCHANGE-Stock
Record, Daily,
Share Prices— Not Per Centum Prices
Monday
Saturday
Aug. 9
Wednesday
Aug. 13
Tuesday
Aug. 12
Aug. 11
Sales
of the
EXCHANGE
Shares
Friday
Aug. IS
STOCKS
BOSTON STOCK
Thursday
Aug. 14
-*
lUlialOlia
"238 ....
-200 202
'1611a 162
•238
•200 202
300
*300
160
128
200
*
*
*19U
l.v.i
145
144
40% 41^
98
29 V 2934
233 233
83
41
232^233
*211
211
75
88
77
83
75
88
145
41
97% 97 34
*29V 3014
'.is
211
199
145
80
••75
86ia 86ia
77
*
*82
84
175
*.
96
.175
96
114%
114V 114V 114
150
150
*28
8
bO
7%
7"
*27
89
8
*28
2Si4
28
28
29
87 V 89V
8
*28
29
29
8%
28
8
*8734
8
8
28ia
28
"a
26V
27
89
26
88
28
89
29
131% 132^ 132V.13314 132%
131% 133% 131% 132
120 120
120 120
120
119 V 120 *119V 120
163% 163% 103 163 V 163 165 V 165 166%. 166
14
14
14
14
14
14
*13V 14
77V 77V 77ia 77ia 77^ 77 ia 77ia 77 V 78
*4
*4
*4
Last
sale
4ia
4V
4V
*125
66
126
*7%
280
Q
W
O
o
m
H
O
o
o
w
o
*110%
2V
.
t)
7%
2V
142
*35
*9
157
280
185ia 185
185
2V
2ia
5
142
143
40
*35
693)
126
69
126
70V
-7%
8
280
185
2%
aiov
89i*
5
126
'7%
7%
*110V.
142
40
67ia
4
280
89%
5%
184
214
89 '4
"'514
5ia
142ia 142ia
*35
40
71
*7 34
8
280
185
186
280
185
Miscellaneous
27V Amer Agncul Chem.100
89
Do pref
100
9
Amer Pneu Serv
50
29V
Do pref
50
133% Amer Sugar Retin
100
120
Do pref
100
167 V Amer Telep & Teleg.100
14 Amer Woolen
100
78
Do pre!
100
5%
5%
142%
142V143
40
35
Last Sale 244
*:io
*9
155
160
*29
2%
V 113
53V 54
'2
*9
9ia
9
912
112V llli4 112
53ia
31ia
31
22% 22V
_2%
300
18;
54
54
31ia
31ia
31ia
*22ia
23ia
*22ia
*2%
2%
2'%
68%
*2V
3
"2ia
14V
13V
1
20
25
2514
13
*25
4ia
4%
*-50
•80
"•50
5%
•80
*26V 27
*33V 34V
*-65
*70
3%
>
3
•JO
33
33
••70
•70
"*7"
540
545
*05 ....
*18V 19
*-05
*7
«-60
'1
*18%
5
*25
32 io
8
-65
•60
•70
3V
12^4
3ia
11
11
3V
13 %
3%
45 "8
N E Gas & C Tr rects .100
142 V N E Telephone
LOO
35
Plant Coinp
new reetslOU
2V
58
27
4ia
130
4V
130
2%
2
*2%
'.i
7
8
214
*V
1
*10% 11%
175
2"i e 2
94
11 78
*34%
20 M
16ia
21ia
6
4ia
59
*1%
I6
100
540
730
,
334
Jan 6
3% Apr 7
1%
Feb 7 106V Marl'J 101 V Aug 103
Jan 15 93 V J'ne 10 88 Dec 99
4VN..V 15
J'ne 19
7% Mar20
Jan 2 151 Apr30 127 V Jan 146
2
103
89
68
309 135
14 30
216
J'ly 22
Jan 7
39
114% J'ly
3J
•80
•90
•9U
14
26
100
575
26
33
•90
975
375
17 V
18
*-60
57 »a 57ia
*51ia 52
1 42 'a 142 V
115
3
3
*10ia
3%
13% 13%
17ia
17 Hi
17 la
214
•214
2H
12
12
46
*
3
*94
LOO
(i
*4V
*
»94" 100
11% 11%
2V
•90
2
2he
Last Sale 19h
1
'4
57
57
*51V
11
*3V
"13
17
Zinc Lead
i
lu>a
21
*6
Oct
3%
"17%
2%
Last Sale
11V 11
45% 45^
"J
5
*4%
50
58
*1%
*1%
'i
Atlantic
8V
17 V
Aug'02
Colum
10
1
1
(
2% Cons Merenr
6(1
1
o
25
10
2 V Tecumseh
J'ly '02
Trimountain
25
12
20»,
6
5
6
5
*4%
59
*5SL.
6 Before pay't of assess' ts called daring 1901.
5
1
'.
58V
1%
Utah Con
oria
6
ti
59
1»4
Winona
(1
'
et
\
550
150
600
350
.110
150
-
1
i
J'l\ 25
4% Mar
J'ly 22
434
*
1
Sep
.fne
J'ne
Dec
3 V Dec
50c. Dec
2438 Dec
Apr
Apr
Mar
Mar
29
43 Sep
43 V A ug
1 Jan
5%Mftj
011% Od
4 V Mario
25
1% Moy27
60 Jan 27
Jan
Jan
"891
11V
3*7*09
13% Jan
V
1
17
4
•50
1
.
ti
1
'4
Dec
Jan
Sep
56% Sep
Jau
5%Dco
4% Aug
Oct
::
20%
i"
72
Deo 120
58
27%
'
.
Apr
Sep
Apr
Feb
Dec 187
Dec 10
L0% Apr
2 V Jan
j:;Vi"
Dee
ill
I".'
1*33*"
J'nelS
::
1
\pr2
1
1
sep
"9 V Jaii"
J'ne
11
24*"
Apr
12
10
Sep
Feu
Sep
Feb
Mar
Mario
-
I
New
Sep
Feb
.I'lyJl
6
Jan
Jan 21
1
Mai
Sep
3% May
1
Mar
J'ly 19
J'ly 14
11
at
7
4
50c.
Feu 1 L25
dar 3
3
2'
Feb
Marl 7 •50
J'ly is
Bid and asked prices.
'<
2 126
b L9
j'nelO
42
el)
i
18
10 V A\iu'
169% May28 281
1
1
\la\'14
V
60
Kel.
Jan
6
20
'4
7
Mario
Jan 31
ill
2
andol
a Before pay't of assess'ts called during 1002.
,pr23
!
10% Mar
Aug] 5
24% Apr 30
19
-
33
IVl'eb
Nov
Jan 8
4
4
Jan ti
Jan 16 dl3% MarlO b6
Jan 14 47V Aug 8 622
d9
Apr 9
IV J'n.'M
5
eo
1
'••
2
26
Deo
91
1
61 125
1
1
Apr
May
.'!
3
i"ii6
98
.'
2
7
r° Jan 2B
"170
2% J'ly is
610 17V Apr 28
1,370
,
VJ4
178 Mar
7 v Jan
23V Jan
Mar
535 D< C
Apr 30 650
12 Jan 2o 12 Dec •22V Apr
•10
Apr
May
2S
Mario
loVDec
34%
11 Jan 14
8 Aug 13 Feb
7 Jan 20
8% May 3
13+ D,e 13% Jau
•25
Jan 8
Apr 24
2
2
'4 J'ly
l%Nov 4 Apr
8
1% Jan 2
19%J'ly2';
18%
48*5 Marl7 64 Apr 12 44 Dec 55 V Ceo
18% Mar 1 56 J'ly 8 28 Nov 41 J'ne
54 Jan 2 146 Apr 15 32 May 53% Deo
114% j 'ne23 119 Jan 23 108 Jan 120 Deo
7 Mar
2 Dec
IV Jan L6 5%Mar 1
llVDec 25 Mai
15% Fi b
10V
8% Oct
4 Dec
2% J'ly 17 5% Jan 3
11V M av20 25 Feb 1 18%Deo 56 V May
15% Jan 15 21 May 9 11 Jan 37% Sep
Mar 4
lVJ'ne 6% Oct
2 Jan 28
Jan
6% Aug
1,035 «"27
50
3
1,045
707
L90
.1
39%Apr21
>o
Mar 6
J'ly 21
3
"iitr,
:
'ii
Woli erlne
\\
2 lo
570
1
36
loo
t
*20V
1,245
(Gold)
Michigan t
2V
330
3,770
Gold...
1
3
14
1
105
J'ly '02 Continental Zinc
Jan '02 Merced
V Jan
2
Ltd).
11 ecla
.Silver)
lentennial
Central oil
Cochiti Tr Co rects..
I]
Mav
3
Jan 31
35
J'ly 14
910 40
Bonan
33
Jan
'ar
22 Jan 23
20 V Jan 17
25
57 Copper RangeConColOO
52 Daly-Weal
Ion
143% 143 4 Dominion Coal
loo
115
Aug'02
Do pref
3
3
Elm River
L2
11
25
11
Franklin
3V Guanajuato Conaol.. 5
3V
Isle Royale (Copper). 25
"if" "1714 Mass Consol
25
26
2%
2% Mayflower
Sale 95
IV
*1
Jan
9
24
Apr
Jan
.Jau
nr 8
10
Jan
Jan
May
74
24VApr2s
170
3
11'., Trinity
11%
I,
35
s
Sale 34% Aug'02 United Copper
,r ng V tr
•Jl
2P,
21
21V
20%
I?'.,
10%
17
Unit stat.
16%
21
Jar. 14
11 si 3
Dec
sep
Jan
% Nov
1% Jan
2% A
61%
50
Bingham Con Id
7:;
9
17
IV Jan 27
25
52
Last Sale
»3
3V
11
Am
Anaconda
56V
."J
143
10
(I
L'O'
1)
V,
3
..
Apr
117
12
Allouez
.in. i*02 Cat. dp.
Last Sale ?V
2%
Jan 7
07 V Jan 7
Apr 15
Marll
1-12V
V
Apr 4
20V
Apr 4
91
Jan 11
Apr 9
J'nel9
87 V J'nel9
200 18
Adven ture Con
2
Mar
Mar
Aug
May
Mar
Sep 137 Mar
48% Nov
•72
Ai>r'02 Boston (Quick:
'7
8
17
90
Jan
49
Arcadian
535
18
8
3ia
"2%
7
Apr 2 s
Apr 2
Apr 2
18% Apr 14
Mar25
Jan 2
11'.. Jan 25
80% Jan 22
Deo
Nov
J'ly.ll
46
130
J'ly '02 Arnold
Last Sale 10
14
11%
:::.
«34% 35
20 V
20%
16%
L6V 16 V
21V
21V 21 V
13.
*13
*25
*4 a4
1
*25
*32
-7
214
11%
4 ia
59
1
1
180
1»
14
195 11183 J'ly 26 33234 Apr 9 184V''. 11 288
16 17o Jan 2 188V Mar33 153 Feb
I
32^2
540
22
65%
65 V Amalgamated CopperlOO
Last Sale 2%
Aug'02 Amer rOld Dr.
*25
2%
11 14 11V
46i4 40 '7
*1V 1%
*2V 2 34
18% 1S%
58
27
2%
15
25
3
46
Mob:iu
k
25
44
45
4
4
*2%
*2%
3
3 Montana Coal & Coke 25
2% •JL, *2V 2%
2V
2% Montreal & Boston.. 5
2% 2%
a
-lia
Last
Sale IV
25
1%
J'ly '02 National
*1V l 4
2ia
214 Old Colony
3
25
3
*2V
2%
J2%
18 old Dominion (Cop).. 26
18
»1SV 191, *18% 19'.
17V 18
57
57
57
57
57
57
57 Osceola
56%
*26
*26
J6
Parrott(Silv& Copp) 10
28
26% 26 V 26
4ia
l'bunix Consol
26
4h
5
5
4V
130
130
iso" 130 <i~j~7"* 130
25
129
129 Quinoy
-^.
"2ia
3
26
3
-2V 3
2V
2% Rhode Island
2i4
J
*2
2
•J',
Santa
2 4
B"e(Gold <& Cop) 10
1%
1%
*ia
Last Sale 50
1
Apr '02 Santa Vsabel (Gold). B
*V 1
10ia 11
11
10
11
11
10%
10 34 Shannon
175 'a 179 "175% 180
175
L75
175
175 Tamarack
12
47
2%
7
2
3% May
122V Apr
5i4
iHiiiing
22
V
4%
Last Sale 50
7
-7
•90
3%
2
3% Last Sale 5
18
3'v
22 V
2V
65 V
5
•80
7
2
11
22V
26
17%
*13
17V 17%
*2% 2ia
•11
1
'.i
-13
*25
13
•80
2%e 2h6
3%
*3ia
07 V
3
'
58
58
57 V 58 14
52ia 52 V
*52V 53
141 141V 141ial41ia
*115
*115
11
23
'•05
19
8
2%
'•
',
8
545
*7
2%6
*2ia
3
20
k
66
67ia
67
8V
"7
540
1
Apr23 17% Jan
Apr 24 80% Jan
13
73
11
54
67 V
*4%
90 7 J'ne
107 V May
Jan 265 Apr
173VMarl4 159% Jan 190 J'lV
24S Apr 8 238 J'ly 248 Apr
209 Apr 28 189 Dec 1J00 Apr
is:;
Apr26 168 Feb 176 Apr
307 Mar 2 6 297 Mav 307 Apr
172 Mar26 143 V Jan L62 J'ne
136 Mar26 126 Jan 1 3 "> Apr
202 Jan 27 198 Jan 200% Nov
Jan 165 Dee
166 V Fell 10 61
295 Feb 6 270 Jan 286 May
148 Marll 139 Jan L48 Apr
178 V J'ly 10 166 Jan 173 Nov
45% Apr 21 24 Jan 45 J'ly
99 J'ne 6 77 V Jan 96 J'ne
31 Mar31 13 V Jan 29% May
254 Apr28 201 Feb 217 V J'ne
175 Jan 3 163 Jan 173 Nov
238 Apr 3 223 Jan 231 J'ne
217 Apr 4 205 Jan J 12V Apr
83 V Jan 4 30 Jan 95 Nov
91 J'ly 30 70 Jan 89 Nov
125%Apr23 87 Jan 120 Dec
90 May 13 42 Au
61 Dec
110 Marll 98 J'ne 108 Dec
HOVJ'lylS 78 V Jan 132 V May
94 J'ly 25 82 Jan 99 May
178 J'ly 14 172 Nov 173 V Aug
99 MarlS 92 V Jan 99 Apr
117 J'nel6 110 Jan 118% Apt
34% J'ly 29 17 Feb 24% Apr
51 Aug 6 40 148 J'ne
152 V May 12 150 Aug 155 Aug
21 Jan 16 32 V J'ly 29 20 Oct 34%J'ne
24S 81V Jan 2 91 J'ly 29 79 V Dec 91 J'ne
1,255
9% Mav22
3% Jan 11 Mar
4 Jan 21
182 21 J'nel9 37% May 2 2 28 Aug 33 Jan
3,008 116% Jan 6 135 V MarSl 103 Dec 152% J'ne
247 115 Jan 4 120 Apr 4 112 Dec 130 J'ly
10,861 155 Mar 1 185% Apr 4 151 Jan 182 May
J
*-50
Jan
May
1
185
.
"2*5*"
7
42%
J'ly 26 80
May 9 251
Oct 21% Jan
70% Mar S3 J'ly
Feb
5
4 34 Oct
Land
10
4V May 6 4
25
4 130% Apr 30 129 V Nov 140 Aug
Cuinberl Telep & Tel 100
"72% Dominion Iron & St... 22,570 25 Jan 15 75 April 20 Oct 39 Mar
75
8 East Boston Land
7 Nov
9% Feb
7V J'ly 24 9% Mar'J
83 244 Jan 2 285 May 9 217 Jan 270 Mar
Edison Elec Ilium. ..loo
111
IV 112
112V United Fruit
100
54V 54V 54 V
54 V United Shoe Macll...
31V 31% 31V
31V
Do pref
25
Last Sale Z.'iV Aug'02 US Leather
100
86ia 86 %
117.
prel
100
Last Sale 16
J'ly '02 U S Rubber
LOO
Last Sale 56
Aug'02
Do pref
100
40ia
4034
40 %
39ia 40
40
41 U S Steel Corp
40 V
40
LOO
90 ^
90
90%
90%
Do pref
LOO
89% 89% 89% 89% 90
*
-90
Last Sale 90
*
-90
-90
J ne'02 West End Land
30
31
30
30
31
*29
30
31% \V. si T< p & Teleg.loo
-29V 30
102 V 102 v CIOO34 100%
102 102
»101%102
Do pref
100
102 102
*109
111 Westinu El & Mi's... 50
105V1O6V 106 ia 109 * 106 ia 108 ia 106 V
*107
* 105 V 108
106ia 106 a 107 110
110
110
Do prei
BO
Last Sale ZV
Jan '02 Wollasti.n Land
*2'4
94% Aug
104
266
1
112
112
31
Highest
3,135
'ne'02 Boston
General Electric
LOO
*185
186
Mergenthaler Lino.. 100
2',
2V
2%
Mexican Telephone.. 10
Last Sale ^06'V Mar'02 Minn Gen Elec pref.100
Last Sale 89
Aug'O N E Cotton Yarn pref loo
5%
Lowest
250 J'ly 21 L98 Jan 225
Aug'02 Pullman Co
100
10
9
9% J'ly is
5% Oct
Reece Button-Hole.. 10
6 Jan 23
159ia 157 160
160
i.64V 168 Swift <fc Co
100 1,913 100 Jan 9 177 J'ly 28 1 00 Dec lln
Last
Dec
27
27
Jan
2
25
29
26
J'ly
'02
May
17
*26>fl
Torrington Class A..
V
26 V
V
*26V 27
'29 ....
Last Sale 29
*29
J'ly '02
Do pref
25
28 Jan 23 29 Jan 28 27 Jan 29
*2
5
-2
2%
4
Nov
214
2
2 V .Mario
1%
2% *2
1% Union Cup L'd<6 Mg. 25
IV Augl5
9%
*26% 27
I
a
185
125
126
67
280
185
*185
184V 185
185
*125
66
7%
280
Q
H
>
>
M
o
67 V
Tor Previoui
Year (1901 j
Highest
Lowest
1
'
Range
1
Week
93 1< Atch Top <% sauta FelOO 2,521 74% Jan 27
103
Do pre(
868 95VMaiT2
100
Bostou <fc Albauy
37 259VJ'nel4
lot
101 162
lliO^lOl
161
i'ei" Boston Elevated
ion
288 160VAugl4
*240 ....
*238
241 241
Boston <fe .Lowell
6 236 J'nel3
100
•200 ....
200 200
111 191 Jan 2
199V 200 Boston & .Maine
100
Last Sale 177
J ly'02
I)o
pret
100
172 Jan 13
••300
Last Sale 300
3 ly'02 Boston & ProviflencelOO
297VJ'ne20
159 160
150 152 Fet)20
Chic June By & V S Y 1 0(
128" i2s"
128
115 l'J.-s Augl2
Do pref
100
200 Con <fe Mont Class 4.. 100
'199 200
199 200 "199
5 199 Aug 12
162 162
Conn & Pass Riv pref 100
8 160 J'ne23
Last Hale 288
J'ly '02 Connecticut River.. .100
285 J'ly 1
*144
145 145 *144
145 Fitcaourg prei
43 142 Jan 24
loo
Last Sale 176^ Aug'02 Maine Central
100
172 Jan 7
41 14 Mass Electric Cos
40% 40% 40ia 40 "a 40%
100 2,876 33 V Jan 28
97ia 97ia
*97% 98
209 92 Jan 13
Do pref
loo
'29ia 30 "a
110 26 Jan 15
30% Mexican Central
29% 293,. 30%
100
374 210 Jan 31
232 V 232 V 232 232ia 233
233 V N Y N H & Hart.. ..100
Last S ale i?iV May'02 Northern N H
100
170 Jan 14
Last Sale 233
Aug'02 Norwich <fe Wor pref 100
230 Jan 9
"211
'211
211 211
5 208%J'nel8
old Colony
100
-75
80
80
50 68 May20
75
75
80 Pere Marquette
100
*86
*80
23 79VMayl9
88
88
88
Do pref
100
*
Last Sale ?9V" J'ly '02 Rutland pref
77
loo
74 May 16
100 58 Jan 8
84
82
S
82
Seattle Electric
100
24
108 108
108 108
Do pref
100
105VJ'ne 2
107% 107 V 107 "a 107 V 108% 109 V Union Pacific
100 1,916 98VFeb28
104 86% Marl 1
92
92
92 38 92%
Do pref
100
Last Sale 175
Aug'02 Vermont & Mass
172 Jan 15
100
95
126 94 Jan 2
95 ia •95
95
96
96 West End St
50
*114
113^ 114
114
114
68 112% Jan 2
Do pref
50
Last Sale
J'ly '02 Wisconsin Central... 100
19 V Jan 28
Last Sale 51
Aug'02
Do pref
100
39% Jan 28
10 148% Feb 11
Wore Nash & Roch.,100
•
*107%108 "107V1O8
107 % 108% IO714IO714
92
92% 91 34 91%
95V 95V
Range Since January
1902
1
L28
11)9
Weekly and Yearly
ItaiirwiiiiN
92 V 92\
92
92% 9314 92%
91% 93% 92
102% 102 7e 102% 102% '102% 102% 102%
102% 103
262 262 "a *262 ....
*262V
262 V 262 V 262 V 262
1<>
1
.
1 3,
stock.
3
1%
11
1
7:;
May
,Assessm't paid.
j
5
August
- J
BONDS
BOSTON STOCK EXCH'GE £
WSKK ENDING AruCsT 15 §0,
Week's
Price
Ran ye
Friday
A tn.l. 15
'C
j
I
or
Last Sale
N^j
S~
BE)Qq
BONDS
Range
BOSTON STOCK EXCH'GE
Week Ending august 15 >-
•since
January 1
Bid
Ask Low
-High
Low Jiioh
4 93
99 34 100
99% 100
1908 J-J
AmBi'll Telephone 4s
lOO
<*
99 Sale
J-J
99% 99 99
9934
99*s
Am Tel. n 4 Tel coll tr 4s. 1929 WIS
Dec
'01
119
Atchtft Nebraska 1st 7S..1908
1 02 *4
102" i.03%
102
AtchTop&S Fegeng 18-1995 A-O 102 '4
DO 1" Aug'02
96*4
Ply 1995 Not
91% 9934
Adjustment g 4s
104% Apr '00
1907 j-d
Boston it Lowell la
j-j
120^4
Apr
'01
19-44
Maine
4%8
Boston *
99*8 Jan '02
1942 F-A
99 7s 9978
Plain 4s
104 Apr '02
104 104
Bost A Mon 3d issue 7s... 1004 M-N
115*2
Aus'01
Boston Terminal 1st 3 4s. 1947
09*2
96*4
S3" "99*2
99
Boston United Gas 1st 58.1989 J-J
82*2
81
82
82
1030 J-J
56
82 *a
•2d 5s
120^ J'ly'02
120 121%
1918 J-J 120
Bur &MoRiv ex 6s
105*5
J'ly'02
105*2 105 *a
1018 J-J
Non-exempt 6s
1O0 J'ly'02
1910 J-J
99% 100
Sinking fund is
100 J'ne'01
1017 A-O
Butte cfc Boston 1st 6s
'01
138 Sep
Cedar Kap A Mo R 1st 78.1916
1909 J-D
125% Ang'00
2d 7s
89 Aug'02
89 ha
85
90*2
Cent Vermt 1st sr4s..Mayl920
102*4 Sale 102*4 102*2 11 102*41043;
1003
ChicBurlifc Q 1st 7s
110 Apr '01
1910 A-O
Iowa Div 1st 5s
104 J'ne'02
1919 A-O
104 104*2
Iowa Div 1st 4s
107*2 May'02
107*2 107*2
1913 M-N
Debenture 5s
100*4 100*4
100 101 *b
1922 F-A 100
Denver Exten 4s
108*2 Apr '02
108*2 los*..
1927 M-N
Nebraska Exten 4s
100*4 Mar'02
100 100*4
1921 M-S
B & SWsf 4s
101*4 J'ne'02
101*4 102*2
1040 J-J
Illinois Div 3 *28
Joint bonds See Gt Northern
109=8 Aug'02
108 110
Chic Jc Ry & Stk Yds 5s .1915 J-J 109*2.
100 J'ly '02
100 101*2
Coll trust refunding g 4sl940 A-O
129*2 132
130% J'ly'02
Ch Mil & St P Dub D 6s. 1920 J-J 130*2
130*2 J'ly'02
12834 131*2
Ch M & st P Wia V div 6sl920 J-J 130
J'lv'02
109 110
Chic & No Mich 1st gu 5s. 1931 M-N 109 110 110
J-D
110
J'ly'02
<£109
109 110*4
gen
..1921
Mich
5s..
Chic
109'V.
109*4 Mar'02
109*4 109*4
Concord & Mont cons 4s. .1920 J-D
115 Apr '02
114*4 115
Conn & Pass R 1st g 4s.. .1943 A-O
106 107*.
1927 A-O 106 107 107 J'ly'02
Current River 1st 5s
9934 IS 99*2 101
9934
99%....
1st 4s... 1946 A-O
DetGrRapifc
109*2 111
110 .... 110*2 J'ly'02
1913
Dominion Coal 1st 6s
109 *u 111
109*2 109*2 J'ly '02
1906 M-S
Eastern 1st gold 6s
M-S
Mar'02
100% 10078
100%
1904
Fitchburg 4s
111*4 May'02
110*2 111*4
1027 M-S
4s
138 J'ne'02
138 139
Fremt Elk <fe Mo V 1st 6s. 1933 A-O 137
138 133
1933 A-O 137
138 J'ly '02
Unstamped 1st 6s
95*4
J-J
95*2
Sale
95% 15 94
96%
GtNor CB&QcolItr4sl921
94
1921 Q-J
94 34 J'ly'02
Registered 4s
96%
•
FA
MX
»
.
W
W
MS
.
Note —
Buyer pays acorued interest in addition to the purchase price for
all
*hare Prices —Not Per Centum Prices
Monday
Aug. 11
Tuesday
Aug. 12
Wednesday
Aug. 13
-70
70*2
121*2 124*2
70
70
124%....
*124*4 125*2
Range
.since
Last Sale
January
Au Low
15 113
Boston Bonds.
Friday
Sates
Stocks see below)
of
the
latest bid
;
Daily,
and asked
this
115*4
1053a
130»4
105
128
30
1
No price
1
Jlit/h
lol
I02
101*4102
132s8 133 1a
105 106
114 II434
123*4 120
90*2
98
84
97*4
02
95
108 111
. .
(For Bonds and Inactive
Friday
Aug. 15
Week's
Range or
CM
ACTIVE STOCKS
Thursday
Aug. 14
Pride
Friday
Aug. 15
Ask Low
High
Bid
102 .... 102 J'ly '02
Illinois Steel deben 5s.. .1910 J-J
101*2
102 101*2 Aug'02
Non-convert deben 5s. 1913 A-O
132% J'ne'02
Ta Falls & Sioux C 1st 7s.. 1917 A-O
107 106
106
G9in & Spr 1st 5s. ..1925 A-O 106
K'an
114 J'ly'02
Kan C Ft S & Gulf 1st 7s. .1908 J-D 113
.1028
M-N
125*2
126
126
126
Kan C Ft Scott & M Os...
1034 M-S
98
99*2
99*2
cfc B gen 4s
Kan
Marl934 Spl
92
93
93
93
Income 5s
3
92 4 May'02
Old Colony Tr Co rects
1st
A-O
110
110*2
Br
5sl929
J'ne'02
Kan C <fe M Ry<fc
113
113
KanCStJo&CB 1st 7s.. 1907 J-J 113
105 J'ly'02
L R & Ft Sm Id gr 1st 7s. 1 oi )o J-J 105
L28 J'ly'02
Maine Cent cons 1st 7s. ..1912 A-O
1912 A-O
105 *4 May'01
Cons 1st 4s
117*2 Feb'00
Mara Hough&Ont 1st 6s. 1025 A-O 118
82
82*4
82 Sale
Mexican Central cons 4s. .191 J-J
33*2 33 J'ne'02
Jan 1939 J'ly
32
1st cons inc3s
Jan
1939
J'ly
23*2
21*2
J'ne'02
22
inc
3s
2d cons
1929 J-J
99 Oct '01
85
Mich Teleph cons 5s
104 Mar'02
Minne Gen Elec con a' 5s 1929 j.j 104*2
103 Aug'02
New Eng Cot Yarn 5s 1929 F-A 103 3
New Eng Gas & C 1st 5s. .1937 J-D 68 4 Sale 67 % 68%
1006 A-O 104
104 Apr '02
New Eng Teleph 6s
1007 A-O
105 Feb'02
6s
19()8
A-O 104
103 Apr'05
6s ....;
107*4 May'02
1915
A-O
5s
1905 J-J
,10b* 107*2J'ly'02
N Y<fc N Ens* 1st 7s
105*2 J'ly '02
1905 J-J 105
1st 6s
1924 F-A
112 May'01
Old Colony gold 4s
10234 Mar'02
Ores Ry & Nav con g 4s. .1946 J-D
12534 J'ly'02
1922 F-A
Oreg Sh Line 1st g 6s
107 J'ne'02
Repub Valley 1st s f 6s. ..1919 J-J
1902
M-N
100 J' lie' 02
Rutland 1st 6s
102 Mar'02
Rutland-Canadian Ist4sl949 J-J 102
10634 1063
1930 F-A 106
Seattle Elec 1st g 5s
1918 M-S
108^4 J'ly'oi
Torrington 1st g 5s
1
g4s.l947
J-J
RR&
gr
103% Apr '02
Union Pac
109*4 J'ly '02
1911 M-N
1st lien con v 4s
1903[M-N
102*8 No v'01
Vermont & Mass 5s
.102 100*8 J'ne'02
West End Street Ry g 5s. .1902IM-N
1914;M-S
108
J'ly '02
Gold4*2S
1916|M-N
105*8 Dec '00
Gold debenture 4s
1017 F-A
103%J'ne'02
Gold 4s
Western Teleph & Tel 5s. 1932 J-J 105<2l0534 105% 105%
1st
gen
4sl949
J-J
87*4 J'ly '01
Cent
Wisconsin
11934 Mar'02
Wisconsin Valley 1st 7s. .1909 J-J
Exchanges— Stock Record,
Philadelphia and Baltimore Stock
.Saturday
Aug. y
335
Boston Bond Record
16, 1902.]
70
84*4
81
30*4 3534
2078 24*a
103
103
52
104
104
104
68%
104
105
104
105
103
107*4 107*4
107*2l0934
105*2107
10234
125
106=8
100
102
105
102 34
128*4
107
101*4
10334
107
103% 103%
104*4 109*4
100*8l0078
107 108
103*8 103=8
10334 106*2
119 34 1193<
week.
Weekly, Yearly
Range Since January
1902
Range
lor Previous
Year (1901)
1
Week
Shares
Lowest
Highest
Lowest
Highest
Baltimore
31
31*2
51
16
51%
8
3134 33*8
51*2 53 *8
16*a 16*2
16
ias
X
o
2634
2534
H
>
%
26%
75
26
76
75
34*2
34*2
76
O
8
1
CO
80*8
49
13*8 13*4
33»i8 33=8
43
43*4
"36*2 36=8
47*8
46%
108 34 108 34
&
'%
%
76
75
76*2
76
7538 7538
3*2
%
48 34
48 34
5 B ie
13*4
5%
14
Bid
7434
*34*4
34*2
34%
34*2
3**18 3** 16
**4
*2
*1
1*2
7934 79%
334
4%
34%
4%
10
50
Steel
7*4
7
5
5%
49%
50
Bell Telephone
74
75
49*4
50
50
50
10
50
50
Cambria Iron
Camden & Trenton
Consol Trac Pitts
Preferred
Danville Bessemer... 1*2
Diamond State Steel,
Preferred
Easton Con Electric... 50
Electric of America... 50
Elec Storage Batt
loo
Preferred
100
Germantown Pass
50
%
1%
79%
80*8
49*8
50
43
7934
49»4
6 3 ie
43
36*4
36*4
48*4
36% 36%
48% 48*2
14*s
333 19
48
108% 108% 108 34 109
-34
35
PHILADELPHIA
43*18 43*4
36*16 3C*i6
48% 48*4
108 34 109
*35
37
Bid
E ext 7s 1910 A-O
Asphalt Co 5s 1949 tr ctfs
Atl City 1st 5s g '19. M-N
Balls Ter 1st 5s 1926.J-D
Al Val
Bciff&EBrw 1st 0s'21 J-J
122
24
112 34
90
108
Bethle Steel 6s 1998. Q-F
125
Apr 28
%Dec
%Apr
Mayl7 27=f J'ly 28
21*2Mar20 30 Apr29
66% Jan 3 80 '4 Apr 29
673 71 Apr 15 78''* Jan 2
1534 Mar
20*2 Dec
3 Mar
8
31% J'ne
38% Apr
Feb
80*4 J'ly
62*2 Jan
28*2 Jan
79% Apr
393 8 May
235
*4 Jail
%Aug
14
3,295
14,660
60,732
30,221
10,773
ConM
6s g 1911. ...J D
4s g '47. A-O
Con
of '82 4s '37. J-J
Terminal 5s g 1941. Q-F
P
<fe B col tr 4s '21. J-J
Read Co gen 4s 1997. J-J
Rochester Ry con 5s 1930
S E Side 1st 5s g '35 J-D
U Trac Pit gen 5s '97 J-J
Ex Imo
M
M
W
1093,
Jan 2
4=P Jan 2
38*4
20 1*16
8
73 34 Jan 14
Feb
40
3% Dec
7
2*8 J'ly 9
J'ly 25
803.,
*4
1
69
Dec
Jan
8*4J'ne26
118*2 119
109*s
109
125
126
107*2 108*4
98% 98*4
2 3e Jan
7% Jan
8% Feb
Feb
Apr
16
May 81
Jan 3 50=f Apr 30 40 34 Jan
3% Jan 27 6 36 Aug 15
4% Dec
46
PHILADELPHIA Bid Ask
P Co lst& col tr 5s'49 M-S 112%
123% Phil Elec gold trust ctfs 101 101%
Trust certifs 4s
24%
68
68%
114% P & E gen M 5 g '20. A-O 121 123
95
Gen M 4s g 1920. .A&O 108 34 109*2
109
Ph cfe Read 2d 5s '33. A-O 131
126
Con M 7s 1911
J-D 125% 1.26'"
Ry (Ind) con
Ry 1st con 5s 1932
& B Bk 1 st 7s '05 F-A
E & A 1st M 5s 1920 M-N
6,464
33%Mayl7
2% Feb 3
Ask
5s '33
1st 5s. '33
235
23
18%Mar
14% Auglo
BALTIMORE
May
8% Feb
54*4
28% Dec
4138 Dec
32% Dec
37
Jan
128*2 Jan
55 Apr
Bid
Ask
9438 94%
Chas Ry G <fe El 5s '99 M-S
CharlCcfeAext5s.'09 J-J 120
2d 7s
1910A-O 110
115
City & Sub 1st 5s. .'22 J-D 114
City cfc Sub(Was)lst5s*48 100% 101
Col&Grnvlst6s.l916J-J 119% 121
Consol Gas 6s. ..1910 J-D 112 112%
1939 J-D 114%
5s
Ga<feAlalstpf5s.'45 A-O
Ga Car & N 1 st 5s g '29 J-J
Georgia P 1st 6s...'22 J-J
GaSo & Fla 1st 5s 1945J.J
G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 M-N
Knoxv Trac 1st 5s '28A-0
LakeR El 1st gu5s'42M-S
112
125
114
53*2
112%
115
54
4234 43*4
101 102%
Del
87 34
117
Welsbach s f 5s 1930. J-D
73% MetSt(Wash)lst58'25FA 118
Income 5s.. .2862 .A-O
Mt Ver Cot Duck 1st 5s. 83% 83%
45*2
Eq II Gas-L 1st g 5s 1928 107%
45
BALTIMORE
Incomes
111
H & B Top con 5s '25 A-O
New
Orl Gas 1st 5s. .Var
Inactive Stocks
3
Indianapolis Ry 4s. 1933
87 4 88
Npt NifcO P 1st 5s'38 M-N 109 110
Atlanta* Charlotte.. 100 167%
Lehigh Nav 4*2S '14. Q-J 111% 112
Norfolk St 1st 5s '44.. J-J 110
Canton Co
100 102 104
RRs 4s g
1914. Q-F 107
North Cent 4 %s 1925 A-O 112
Georgia Sou & Fla...l()0
49
Gen
J-J 105
4*as g-1924.Q-F 110%
6s 1904
1st pref
100
100
109*2
Leh V Cist 5s g '33. .J-J
Series A 5s 1926. ...J-J 124%
2d pref
100
83
Leh V ext 4s 1st 1948. J-D il9%
Series B 5s 1926. ...J-J 124
G-B-S Brewing
16% Pitt
2d 7s 1910
M-S 126 i'2'f'" Mt Vernon Cot Duck 100 169
Un Trac 5s 1997. J-J 100
Consol 6s 1923
J-D 124%
Poto
Val 1st 5s 1941. .J-J 118*4 118%
UnitEleoL& P pref.50 40
42
Annuity 6s
J-D 140
SecAvT(Pitts) 5s '34 J-D 115%
87
Leh V Trac 1st 4s '29. J-D
Bonds
Sav Fla A: West 5s '34 A-O
8S 34
Nat Asphalt 5s 1951. J-J
6
7% Anacostia & Pot 5s
104% 105*2 Seaboard A L 4s 1950 A-O
Atl <fcChlst7.. .1907 J-J 112*2
New Con Gas 5s 1948 J-D 105%
Seal) <fe Roan 5s 1926. J-J
At
Coast L(Ct)ctfs 5s J-D 118
Newark Pass con 5s 1930
South Bo.und 1st 5s. .A-O 112 112%
87
86
NY Ph & No 1st 4s '39 J-J 102*2 104 Halt CPass 1st 5s '11 M-N 110%
TJE1 LcfePlst 4%s'29 M-N
Bait Fundg 5s. 1916 M-N 123
98%
Income 4s 1939. ..M-N
90
123% Un Ry & El 1st 4s '49 M-S 98
Exchange 3 %s 1930 J-J 110%
No Penn 1st 4s '36. .M-N 116
70% 70=a
J-D
Income 4s 1949
111
Funding
108
3*28 1952. .J-J 112
Gen M 7s l9()3
J-J 101%
Va Mid 1st 6s 1906. .M-S
Penn gen 6s r 1910. .Var 120 121
Balt<fcPlst6sml'll A-O
2d series 6s 1911. ..M-S 117 117%
1st 6s tunnel. .1911 J-J
Consol 6s c 1905.. .Var 107*4 108
3d series 6s 1916. -M-S 122% 125
115%
Consol 5s r 1919... Var 122 122% Bait Trac 1st 5s. .'29 M-N 117% 119
4th ser3-4-5s 1921. M-S 115
117%
No Bait Div 5s 1942 J-D 120 121
Penn & Md Steel con 6s. 118
5th series 5s 1926. M-S 116
34
95% 96%
Convertible 5s. '06 M-N 101% 102% Va (State) 3s new '32. J-J
Pa & N Y Can 7s '06. J-D 111
96%
Con 5s 1939
A-O 115 11534 Central Ry 6s... 1912 J-J
Fund debt 2-3s 1991. J-J 96
Consol 5s
Con 4s 1939
A-O 102 102%
1932 M-N 118
West N C con 6s 1914 J-J 118
Ext & Imp 58.1932 M-S 117
Renn Steel 1st 5s '17 M-N
WesVa CifcP 1st 6g'll J-J 113% 113%
105% Chas City Ry 1st 5s '23 J-J 105 107
People's Tr tr certs 4s '43 105
Wil & Weld 58.. 1935>-L-J 119
& Peo Tr stk tr ctfs
Elm & Wil 1st 6s '10. J-J
Elec
74
76
9
10
115
117
9934
R
M
61
65
51*4
5*4
6
110
113% 115
42
98
98*2
4934
50%
00*4
50 34
13% 14%
99% 9934
"2%
6
2%
6%
282
45
6*2
69
76
;
1
54 34 Sep
Dec
14
8*2
87*4
10*2
.
Feb 3
4
2
26*4Marll 347, e J'ly 18 12'a Jan
430 40 Mar 6 4334 J'ly 17 34% Jan
500 30 Jan 14 37 Apr 22 19 Jan
14,179 32 Jan 6 48*2Auprl4
24*4 J'ne
1,177 101%May2S 126 Feb 8 113 Sep
....100
24 Jan 31 40%May29 38 Dec
WelsbachCo
Che & D Can 1st 5s '16 J-J
51
Choc & Me 1st 5s 1940 J-J 117 117*2
Ch Ok & G gen 5s '19 J-J 11034 111*4
Con Trac of N J
<fc
.
Westmoreland Coal. ..50
Bid and asked prices
79 t,
33%
5 34
Col St
49%
N
N
*2
*2
*4
*2
43
5 9 16
Cit St
334
Harrison Bros pref... 100
Hestonv Man<fe Fair. .50
Preferred
50
Indianapols St
100
Inter Sm P & Dynam..50
Lit Brothers
10
Little Schuylkill
50
Minehill & Schuyl H..50
Nesquehoning
50
Haven Iron & Steel.
North Pennsylvania.. 50
Pennsylvania Salt
50
Pennsylvania Steel. .100
Preferred
100
Philad'lphia Co (Pitts). 50
Preferred
50
Phil German & Norrls.50
Phila Rapid Transit. ..50
Phila Traction
50
Railways General
10
Susqueh Iron & Steel.
Tidewater Stetl
10
United
J RR & C..100
TJnitPow & Trans.. ..2
United Trac Pitts
50
Preferred
50
Warwick Iron & St eel 1 o
West Jersey & SeaSh.50
%
24% Jan
*
Nav
50
50
100
National Asphalt
50
Do pref
50
Pennsylvania RR
50
Philadelp'a Co (Pittsb) 50
Philadelphia Electric. 25
Phila Rapid Transit ... 50
Reading
50
Do 1st pref
50
Do 2d pref
50
Union Tractou
50
United Gas Impt
50
4
43
49*6
Lehigh Coal
:!
Apr
Augl4
Marl5
50
34*4 Lehigh Valley
4*2 MarsdenCo
50%
5**1,1
6%
6%
13% 14% 13% 144
33% 33*2 33% 6 33% 8
48%
14
Ask
76*2 77
*75*4 75
58
55
17
pref
50
Cambria Steel
50 6,878
Consol Lake Superior. .100 20,852
Do pref
100 4,044
26% 27%
27% 28
Jan 65 84 J'ly
88*2 Jan 106*2 Dec
9 34 Jan 30*2 J'ne
Jan 28 72*4AprlS
Jan 7 125*4 J'ly 20
Jan 24 34%Augl4
Jan 27
Do
26*8
American Railways... 50
*
Philadelphia
American Alkali
Bonds
American Cement
Iron
16
76
Inactive Stocks
Amer
53%
16*8
2534
335 19 33%
"43
43*8
3638 36%
47*4 48*8
10834 10834
«34
35
PHILADELPHIA
55
16
75% 7578
1
79*2 79 %
5=8 5**16
8
O
"34%
Consolidated Gas. ...... 100
332 62*4
50
15 104
100 49,054 23 34
loo 24,852 44
5434
Do prel
16*8 United Ry & Electric. 50 1,677 14%
Northern Central
33% 34% Seaboard Air Line
126
52%
26% 26%
26% 27*2
*%
1
79%
48=8
l
*125
"33*2
70%
*70*8
70*4
26% 26%
33s
«*4
**4
**2
o
O
33*8 34%
53*8 55
16
16
70*4
26=8 2634
25*2 26
'74*2 75
*34*8 34*8
to
It
70*a 70*4
7
70
no sales on this day.
.
I
m
111*4
116*2
72*2
117%
—
.
—
"
1
1
THE CHRONICLE.
336
Volume
NEW YORK
Modes
Week ending
Aug. 15
iyu2
STOCK EXCHANGE
WEEKLY AND YEARLY
DAILY.
Railroad
Shares
die
Bonds
Par value
State
V S
Bonds
Bonds
HOLI DAY
Monday
$60,580,300
40,711,300
48,149,800
66,919.500
60,181,700
*1,728,500
1,487,500
2,736,500
2,704.000
2,434,500
2,824,401 $276,542,600
$11,091,000
620,203
413,663
490,668
677,045
622,822
Tuesday
Total
Week ending Aug. 15
Sales at
New York Stock
Exchange
1902
$10,000
500
January
1901
Aug. 15
1 to
StPaulGas Gen 5s'44M-S
Syracuse Gas 5s 1946.J-J
United Gas<fcElec,NJ 100
Preferred
100
1901
1902
197.431,622
2,824,401
2,263,052
109,703,275
Stocks— N o. shares
$276,542,600 $223,023,300 $10,378,059,675 $19,225,593,475
Par value
$400,700
$124,475
11,0*91] 000
$3,000
17,000
6,842,000
$576,800
1,380,400
573,020,100
$1,350,270
2,221,900
701,555.000
$11,101,500
$6,862,000
$574,977,300
$705,127,170
shares, par..
£1,000
BONDS
Government bonds
$10,500
State bonds
RR. and mis. bonds
Total bonds..
Philadelphia
Bond
Unlisted
shares
Listed
shares
Listed
shares
sales
EX CHANGE
Tuesday
Wednesday .
Friday
sales
CLOS ED
S
89
110
60
58
109 Hi
141 H2
70
Crucible Steel
Preferred
8
99 \
Preferred
18
54
Empire
8 444
8.098
11,013
10,391
19,572
6,819
4,911
9,314
14,473
12,051
$125,010
48,000
117,000
46,780
35,250
14,977
32,269
30,146
55,155
53,127
9,326
8,463
9,975
6,512
7,340
$107,000
122,200
117.400
101,000
203,600
57,518
47,568
$372,040
185,674
41,616
$651,800
o
2 Hi
1H>
lo
ii
67
•;
72
22 H.
86 H
lisl
.
23
6 Hi
13
l l4
1H«
H
50
loHi
51
6-1
07
t
100
Preferred
loo
General Chemical
100
Preferred
100
Gorham Mfg Co com. 100
Preferred
100
Greene Consol Copper.lO
5
1
6
13H:
Steel
8
_7
40
100
Preferred
100
Eiectro-Pneum'ic Tran 1
9
100 H. 102
t
125
125
27
150
Guggenheim Explorati'n
160
8
HackensackMeadowslOO
11
Hall Signal Co
100 115 120
Havana Commercial. loo
18H. 20
list
105
175
115
78
47
120
5H
loo
loo
Electric Vehicle
ist
8734
J-J
9
0.)
16
104
100
100
Electric Boat
Bell Teleph of Buffalo 100 106H; 111
Central* So Amer... 100 101 104
dies & Poto Teleph.. 100
45 Hi 48
5s 1909-29
.isle
7
60
10
55
Diamond Match Co Sec Exch
Dominion Securities. IOO
24
Preferred ( w i)
Hecker-Jones-Jew'l Mill
1st 6s 1922
M-S
Herring- Hall-Marvin loo
1st preferred
100
2d preferred
100
60
45
65
49
98
101
M-N
106
Preferred
100
Havana Tobacco Co (w
107
Commercial Cable
184
100
Comraer Un Tel (N Y).25
Emp & Bay State Tel 100
84
Franklin
100
55
G0I1I& Stock
123
100
4His, 1905
Hudson River Teleph 100 108 llOHs
New Eng Telephone See Bosto n list
Northwestern Teleg. .50 122 L26
N Y<ft N J Telephone 100 175 L80
5sl920
M-N 112 115
80
Pacific & Atlantic
85
25
Providence Telephone. 50 1109
Southern <ft Atlantic. .25
95 100
i)
62
75
2
3
35
40
5
10
Hoboken Land & DnplOO 105
5s 1910
Houston
Oil
19 Hi
LOO
L'O
72
75
100
Internat'lBankingColOO 200 205
International Salt certfs.
9
10
I nt ernat'l Silver
See Stk Exch list
6s 1948
J-D 101 H: 102 4
Iron Steamboat
25 f
Hi
Tel Tel<fc Cable of Am. 15 t....
John B Stetson com., loo 150 160
7
Preferred
00 150
Electric Companies
Lanston Monotype
20 t 11
12
Chicago Edison Co.. .100 173 177
Lawyers Mori insur.101 250 260
Edison El 111 Brk 4s N Y Stock Exch Lawyers' Surety
loo
Hartford (Ct) Elec Lt LQO 200
Lawyers' Title lis. .. 100 425" 135"
XingsCo ElecL&PColOO 200 206
Lonllard .Pi prel
120
19"
Narragan (Prov) El Co 50 1105
11
Madison 8q Garden.. 100
N Y <fc Q El L & PowColOO 42 Hi 43 ^ 2d 68 1919
55
M-N
Preferred
80 Hi 81 Ha Manhattan Transit
7 V
100
Hi
125
RhoIslElecProtecr
Mi'X Nat Const
7 Hi
8 Hi
t
United Electric of N J 100
15
Monongahela K
14H;
12 Hs
4s 1929
t
J-D
69 Hi 69 U
Preferred
.io-v
11
Mosler s.ne Co
02 Hi
Ferry Companies
National Bread
20
Brooklyn Ken
19
16
Preferred
loo
02'a
NY<& B 1st Os L9.1 L.J J
115
National Carbon
31
100
Excli List
Con 5s 1948
Preferred
Ion
104 Hi
108
Metropo Lta
no Nat Enam'g<ft Stamp loo
•i'4
5s.
N VA
Preferred
00
"95"
1st 58 L922
National Surely
M-N
N V & ttoboki n stk.100 70
enlral loal
20
38
HobFy
30 '»
L6M-N 8112 Hr in
New Eng
30
Con 5s 1946
J-l> 8 86
88
N Y Biscuit 6s 1911. M-S 114 110
N Y& N.I Lst5s L946.J-J 102 L05 NYMtge* Security
110 130
ion, & 23d Sts Perry 100
Xew York Dock
23
25
100
1st mort 5s 1919. ..J-D
108
Preferred
60
Union Ferry stuck. ..100
Is.",
N Y Realty Corp
LOO
''.
08*4 N Y Trans]
1st 5s 1920
.M-N
1'J
.. .21)
Nicholson
.100 147 Hj
Itailroari
.Nor Am Lain r&PulplOO
5
10
951-2 96H; Ontario SiD ei
Chic Ind& Lougu4s (w
LOO
"39""
Ohio Peo & st i> pri
14 Ht
llevator com
100
Prior Lien g4 Ia8'30M&S 8106
108
104
Preferred
100 H
Con no
101
30.Ji&J
Pit tsburg Brewing
50
2>U
Income 5s 1930
32
r,
36
Preferred
51
"29"
Ch K I <ft P new (wh Iss
43
44
Pittsburg Coal
LOO
New pref (when Lssut
80
Preferred
100
90% i'0-g
loll tr 4s (when issued
89 Hi 90
Pitta Plate Glass
148
LOO
Denver cte Sooth's ...
15
50
wiotn pref.. 100
Pratt
345"
x.ui hern Securities.. 100 106 7s 107
Procter & Gamble
LOO 340
1-..
Oregon Short Line Is w
94^4
loo 201
Preferred
204
Pitts BeS8 dc L E
50 f 36 Hi 37
RapTSubOper40pd LOU 120 124
>n t 74
Preferred
lo4' LOS "a
Royal BakPowdpn
Russell tfc Erwin
61
63
25
lldllsl ill
u ml M i«<c!
105
Safety 'ar Heat .v Lt lot; 160
Acker Mer A Condit...6s 100 103
158
Simmons Hardwcom loo
Alliance Realty
135
Ion 139
Preferred
LOO 130
Amalg Coppi
list
2d preferred
Set Stock
loo 1.19H i'43"
Am Agric chem ^>'ee B usloll list Singer Mfg Co
70
250
LOI
Amer Bank Note Co... 50
Man. lard Milling Co. loo
59
8
9
1 1 Hi
American Can com ... 01
33
L2
loo
Preferred
34
Preferred
52 Hi 53
100
5s
JOH 82
American Chicle Co.. 01 108 110
668 6
Standard Oil of N J
10
93
Preferred
100
.U
95
standard Coupler com 00
35
in. ated.
V1111
1
ica
100 120
1% i'i (erred
L25
Amer Graphoplione...lu t 3
4
Storage Power
l^
50
1H3
Preferred
7
10
8
Swift <k Co See Boston si k Exc u'ge
Amer Hide eft Leather 100
7
lsi
102
7H*[
5s L910-1914....JJ 8101
41
Preferred
42
Tennessee Copper
100
25 t 16'j 16 »4
6s 6'ee Stock Exch Lisl
90
Texas <ft Paoino Coal. 100
Amer Press Assoo'n.ioo 90 100
1st 6s 1908
A-O 8I00 110
lean -11 ,v.
\ 111'
78
Guard005
Title
Trust.. .100
"57'
Amer Shipbuilding.. .loo
Title Ins Co of N Y..100 100
I'm hi red
...„ TreutonPott cries eom LOO
22
100 103
25
Am Soda Foun cum. .loo
120
Preferred
LOO 105
60
flow Directory nen ..100
1st preferred
100
70
75
2d preferred
14
10 f
18
3*,
Union lopper.
3=s
American surety
:<3
L95
Union steel ,>; Chain
20
50 L85
to
Am Strawboardreot
47
Preferred
50
50
LOO
Bonds 6s
111..11 Sw oeii.v.- Signal 50
90
F-A LOO
Amer Tobacco com. .. 50 290 320
105
Preferred
50 100
1..1
Preferred
100
19
Union Typewr com.. LOO
Am Typefo'rs coin. ..100 42 45
Pel red
00 127
Preferred
98 L02
130
loo
loo
2d preferred
Amer Woolen 6'ee Stock Exch lisl
L6
U S Cotton Duck
100
478
20
Amer \\ citing Paper.100
10
U S En\ elope com. ..100
Preferred
Pit
hi
100
loo
75
70
17H; 18
red
76 '4 77
s (. lass common... LOO
5s 1919
38>4
J-J
37
pn terred
100
Barnes <$ ;m ar
"
LOO
Preferred
mo i.25 127
34
SBealtj & Con (wh iss
33-'.i
si
Bliss lompanj com
la ten ni u lien issued.
50 L45
SUt
115" U s 1;
Preferred
i,v Refining li"
50 140
34
Bond<fcMtgGuar new 100
Preferred
LOO
59"a
Borden's Colli! Milk.. 100 110
r S Shipbuild'g (wit
-'.-Hi
Preferred
07
loo IIIH2
lerreiitwhen issued)
'.'I
Brit Colum Cop See Host Stock Exch
I'd)
lellulold Co
100 112
98^
U SSteel .11 as \\ lS8)
Cent Fireworks com. loo
.....
22
Coltr5sSerB t 1) 1951
25
Preferred
loo
65
67
Universal Tobacco.. .100
'eiiirai Foundry
loo
2a
33
Preferred
100
2h
Preferred
100
24 Hi
12
13
\ a Coal iroucfc Coke. 100
84
73
76
Cnesebrougu M in Co 00 450 170
5s 1949
100
33
Claflin <H B) 1st pref 100 100
39
102 Hi Vulcan Dotinning
si
100 102
82
2d preferred
106
loo
Preferred
Common
98 101
100
Westing!) Air Brake. .60 Is4
23"
Col <fc Hock Coaleft I pf 100
60
\\ lute Knoli Mining. [00
65
1st g 5s 1917
J-J
Worthing Pump pref. 100 120 126
Preferred
.
Bond
Unlisted
shares
92Hi
Bid
Debenture 4s
Continental Tobac deb 7s
Cramps' Sh &En BldglOO
98
94
100
37Hj 3758
i
ml usl rial and IHiscei
Consol Firew'ks coin. loo
Preferred
loo
ConsRy Ltg&Refnsr. loo
Consol Rubber Tire.. 100
80
104
80
104
20
104
Telegr &. Telephone
EXCHANGES
Boston
!
Compressed Air Co...ln"
Consolid Car Heating 100
52
Amer Dtst Teleg.S'eeStock Exch
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
Week ending
Aug. 15
lyU2
Ask
1
$10,500
LXXV.
[Vol.
(.las Securities
Bid
Indiana Nat & 111 Gas—
1st OS 1908
M-N 48
Indianapolis Gas stock 50
73
1st 6s 1920
M-N 10234
Jackson Gas Co
50
75
5s g 1937
A-O 8102
Kansas City Gas
100
12
5s 1922
A-O 102
Laclede Gas
100
85
Preferred
100 100
Lafay'eGaslst0s'24.M-N
58
Log& Wab V 1 st 6s'25. J-D 54
Madison Gas 6s 1926.A-0 8107 H;
Newark Gas 6s 1944. Q-J 8 140 Hs
Newark Consol Gas.. 100 69
5s 1948 See Stock Exch list
New Eng Gas & C -See B oston
O & Ind Con Nat & 111 100 12
51
1st 6s 1926
J-D
Providence Gas
50 1108
St Joseph Gas 5s 1937.J-J 8 95
Stock Exchanges
of Business at
TRANSACTIONS AT THE
Bank
5
'
1
1
i
Total
:
•
Outside Securities
A
Weekly Review
Outside Market will
of
Street Railways
NEW YORK CITY
BleeokSt<fc Ful F stk 100
J-J
lstmort4s 1950
B'way<fc 7ih Ave stk. 100
1st mort 5s 1904. ..J-D
J-J
2d mort 5s 1914
Cun 5s 1943 See Stock
B' way Surf 1st 5s gu 1924
2d 5s int as rental 1905
Ceut'l Crosstown stk. 100
IstM 6s 1922
M-N
Cen Pk <fc E Riv stk 100
J-D
Cousol 7s 1902
Chnst'r<fc 10th St stk 100
Col& 9th Ave 5s See Stock
Dry D E B & Bat stk 100
1st gold 5s 1932. ..J-D
F-A
Scrip 5s 1914
Eighth Avenue stock 100
Scrip 6s 19,14
F-A
42d
Gr St Ferry stk 100
42d St
Ave 100
<fe St
1st mort 6s 1910.. .M-S
2d income 6s 1915. .J-J
Lex Av <fc Pav F 5s See St
Metropol Securities See
Metropol Street Ry See
Ninth Avenue stock. 100
N
&
M
Grand Rapids Ry
34
101
248
101
36
102
265
8122
209
101
185
190
Exch
list
120
114
103
400
105
409
70
BROOKLYN
A-i
h
1033..A-O
106 Hi
L9 34
246 Hi
101
110
list
II
GrSt<fcNowlst5s'00 F-A
Gr'pt <y Lorimer st 1st 6s
Kings Co. Elevated—
1st 4s 1919 See Stock Excli
Nassau Elec pref
100
83
5s 1944
A-0
1st 4s 1951
Ho
I
105
'•
,
1
!
8
1st consol 5s 1931. .F-A 8115
'
Buyer pays accrued
107
A-0 SlllHa
2 H
1
1
1
1
i
,
I
1
1
1
1
<fi
1
1
t
I
I
1
(
1
1
1
DM
1st 5s
Consol 5s 19
Nor Kn
1st
Standard
1
5s
taa
Preferred
1st 5s 1930
Gas—
1
."1
1
-J
1
..I
112H 114
108
108
130
150
L927.M N
100
com
loo
OTHER
M-N
1
140
100
I
10',
38
93
38Hi
'•
.as
I.
A
I
94 H 97
Bosto Q list
12
81
83
SeeNYStk Exch
Ileal
95
Bait List
l 7b
2
Unoinnai iGas<fc EleclOO
list
r
1
,
,
1
(
t
100
102*'
100
107
108
Ccuisimi (las (J City)—
1st 6s 1904
'..M-N }103
104
Detroit City las See Si k
,\eh lisl
1 & Hudson
32 Ha SSHa
F'ort Wayne 6s 1925. .J-J
51
52
lasA Elec Bcrgi u< o 100
(
I
1
(
Grand Rapids Gas
5s 1915
Hartford ict)
F-A 8104Hi 105 Hi
lsi
Gas L. „26
Hudson Co Gas
5s gl949
Price per share.
t
loo
M-N
t
1
50
31
8
102 Hi 103 H
Sale prico
1
1
1
(
(
ComlOO
Preferi ed
1
I
I
Chicago Gas
('.ill
10
Col Gas 1st 5s 1932 J-J 8108 109
10'
Consol Gas (NJ) stk.100
is
1st 5s 1036
J-J
89 Hi 92
117
i
1
I
1
1
8115Hi
Light & Tract.100
erred
LOO
Ball Imore Cousolldai 6'i
Hay State Gas
50
Binghamton Gas 5s 1938
Boston United G;
>ond
Buffalo City Gas stock mo
1st 58 1947
\ -o
5
112
(1111
Amer
list
L5
i
1
1
108
106
L19Hj
'.
11
1
as
East River
list
list
interest.
I
!
.
104
247 Ha
Chicago City RB stk.100
220
Chic U iiiuii Crac See St'ck Excli list
Cleveland City Ry
100 108
115
Cleveland Electr Ry.100
89
86
Columbus (O) St Ry..l0()
52 ^ 54
Preferred
100 107
109
Colum Ry con 5s See Ph ila list
Orosst' wn lst5s '33.J-D 8109
111
Detroit United RySee Stk Exch list
8
99 Hi
67
101
t
A.0 8106
>
-
63
106
Cent Union Gas 1st 5s. 8109 ill
118
'mi 1. a- (NY) stuck N V Stock l-.\e
114Hi Equit Gas con 08 1932 See stk K \ Lisl
Mutual Gas
100 331 335
1
-
'.
115
87^
J-J
Wb'g&Flatlstex
18.
Stein way lsl 6sl922.J-J
OTHER CITIKS
Bullalo Street Hy
1917
100
100
Gas Securities
NEW YORK
1
101
101 103
115 116
103 ^
105
c&
L82
110
400
1
Ssortfsindbt 1903. .J-J
IS 5s 1939 J J
Brk
35 H;
85
L23
I
I
list
.1
Hi
..:;',
Preferred^ when issued]
62
4s 1027
90 H2 VI 1
West Chicago St
94 H
O a
100
Cong 5s 1936
M-N 8100 LOOHi
183
NY
NY&
Coney Island & Bklyn 00 350
(is
205
222
lisl
I
1
Ht
7
consol 5s L948..J-J 8112
113
(J EL H<S 1' See Stock
Exch list
BknHglslst5s l'.Ml \
105
BklnQCo<fcSub Si
Exch
Bklyn Rap Tran See Stk Excli
1st 5s 1903
6
Ls1
lO'J',
Bkln Crosstn 5s 1908.J-J
35
84
;
1
x list
113
I
i
1
.'.
A-O 8100
New Amsterda
Brooklyn City stock.. .10
Con 5s tS'ee Stock Excli
Deb
101
5s 1909. .A-O 8103
Con 5s g 1931
impt 5s See Stock
List
2d 5s 1933
J-D 8104^4 106'-.
So Side El (Chic) stk.loo
Syracuse Rap Tr 5s 1 946 i'o'-i"
33 4 34
Toledo Rys& Light.. 100
U nit Rys (St L Trans) 100 30H2 31 Hi
Preferred
100
84
84 Hi
Gen 4s 1934
J-J 8 87
87H
Unit Jiys San Fran subs. 101 '4 102
'oilimon (when i88U6d
2 3 Hi 23»4
list
x list
Cm
1
M-N
Con 5s 1930
(
1
88 Hi 89 Hi
stockloo
['referred
lll'-j 113
'.1
St
_
L17Hi
L13Hi
8112
con Us 1931. .J-D
2d 6s 1914
Rochester Ry
L09
M
BBiiWEja
Ry
1
1
L930J&J 8117
5s
North Jersey
4s 1948
420
75
1
8
8
st 5s '24 .J-D
1
25
1 Hi
81
i
IOH2
I
4.0
>
Ave
Hz
L04H2 Pat
I
2
8
50-yr 4Hj8 wh issued).
Niniii Chic str stock. 100
J-J
1st 5s 1909
L30
1
Bos
•
.
list
Miuncap St RySs See Stk Exch
New Or! RysCo(wi) 100
Preferred. (wh iss).l00
66H8
116
99
k Exc
Stk E
Stk E
190
Second Avenue stockloo 218
1st mort 5s 1909.. M-N 8 105 '2
F-A ni7v
Consol 5s 1948
Sixth Avenue stock.. 100 17.'.
Sou Boulev 5s 1945. .J-J 8111
SoFerlst 5s 1919.. .A-0 8108
Third Avenue See Stock Excli
Tarry
P <fc 5s 1928 108
YkersStRR 5s 1940A-( 111
28th & 29th Sts 1st 5s '96 8113 Hi
Twenty-Third St stk.loo 408
luDeb 5s 1906
J-J
Union Kylst5s 1942 F-A lls
Westchest 1st 5s '43 J-J 113
Atlan
Lynn&
220
1IMI'._
53
LOO
LouisvStRj
275
125
1
Ask
Bid
100
loo
Preferred
Qdianapolis St Ry A
J C .Hui> .v Paterson..lOO
4s g Nov 1 1949. ..M-N
Lake St (Chic) El stk.100
Deb 5s 1928
J-J
1
251
102 H2
107Hl 109 "4
Excli list
8112H- 115
«101
102H-
N
W
/ound on a preceding page.
Street Railways
Ask
Bid
be
-
.
1
'-'.I
1
1
I
1
1
1
'.'ij
i
1
|.
i
ii
(.
i
1
Ms
.
.
).
)..
ArausTlO,
.
...
.
THE CHRONICLE.
1902.]
337
%uvzstmtnt and Railroad %uUlli%mtz*
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
The retttrns of the street raihcays are brought together separately on a subsequent page.
Latest Gross Earnings
ROADS
Week
or
Current
Year
Month
S
June
Ala Gt Southern. IstwkAug.
N & lexas
NO&NoEast.
Ala & Yicksb'g
Vicksb Sh & P.
Ala
Pacific.
•July
Ann Wash & Bai. June
Atcli Top &SFe.
Atlanta & Char.. May
No. June
Atl Knoxv
«fe
Atlantic & Bliin July
Atl Coast Line. . June
Atl Vald & West.
Bait & Ann SL..
Balt<& Ohio
)
July
<
B & O Southw.
Bangor* Aroost
Bath & Hainmou
Rap
&,
IstwkAug.
May
No May
Canadian Pacini IstwkAug
Cane Belt
Cent'l of Georgia
Cent'l New Eng..
Cent'l of N Jersey
IstwkAug
May
Central Pacific. -May
Chattan South' n. IstwkAui:.
Chesap AOhio... LstwkAug.
Chic <fc Alton Ry. •June
Ch:c Burl A Quiu June
Chic ik E Illinois. IstwkAug.
Chi; Gt Western. IstwkAug.
Chiclnd &L'v... IstwkAug.
Chic Milw & 8t P June
Chic & North Wn Juno
Chic
Chic
Peo&StL..
RI&
ChioSt
July
Pao... April
PM
&o. Juue
Term Tr RR IstwkAug.
Choc Okl Gull* ithwk Mar
Chic
<fc
ClnNO&TPac
IstwkAug.
ClCinCh& St L. IstwkAug.
Peoria &East'n IstwkAug.
Colorado <& South IstwkAug.
ColNewb &Lau.
Col Sand
<fe
Hock July
Cornwall &Leb..
Cumberl d Val ey
Denv. & Rio Gr. IstwkAug
Rio Gr. West. $
Detroit Southern.
Det
& Mackinac.
5,027,741
1,641
Buflalo &Susq...
Burl C
Inc.
31.380
6.656
4,456,282
220.S20
47,264
18,574
916,496
21,384
9,509
140,455
Bella Zanes&Cin May
Bellefonte Cont'l July
Bridgt &8aco R.
Bull Attica & Arc May
fitts
176.068
72,534
86,664
July
Allegheny Valley June
IstwkAug.
Ann Arbor
BunRoch&
15,324
41,789
16,513
4,943
3,091
2,704
139,140
73,724
399,700
771,000
15,208
143,160
47,850
1,196,124
1,712,012
2,574
241,511
727,711
4,476,745
119,700
130.101
91,155
3,873,717
4,000,368
132,313
2,119,178
904,389
32,153
89,707
106,036
359,645
44,464
116,805
11.576
130,019
10,486
27,181
109,636
322,400
25,059
76,882
56,857
IstwkAug
DulSoSh&Atl.. IstwkAug.
3,321,228
7,932
31,357
3,159
7,385
221,259
Georgia RR
137,919
Ga South & Fla.. July
109,032
Gila Val G A; N.. June
34,531
Gr Trunk System IstwkAug 584,810
GrTr. West'u. 3d wk July
77,879
DetGrH&M.. 3d wk July
20,576
Evansv & Indian IstwkAug.
Evansv & TH... IstwkAug.
F'rchild&N'r'e'n June
Farmv& Powhat
Ft
& Denv City
W
July
Current
Year
Previous
Year
f
$
12,887
35,781
202,216
244,230
176,068
151,731
72,534
70,394
86.664
67.919
40,503
31,*3S
171,323
83,10'J
6,630
4,617,435 59,147,085
216,095 2,704,175
621,166
42,963
18,574
9.074
751,926 8,549.526
269,977
19,325
106,523
10,113
5,027,741
4,638.867
1,708,934
34,525
127,337
1,523
15,995
4,332
2,706
........
4,943
40,780
24.410
2,582
735,850
134,750
772,157
65,792
399,772 4,959,604
668,000 3,935,000
178,791
7,505
129,560
806,502
52,410
449,309
July
East, of Minn $
Montana Cent'] July
Total system. luly
Gulf*ShipIsland May
Hocking Valley.. IstwkAug.
Hous <fe Tex Cent
Illinois Central.. July
Illinois Southern July
Int & Gt North'n IstwkAug.
Interoc(Mex)
WkJulyz6
Iowa Central
IstwkAug.
Iron Railway
June
Kanawha & Mich IstwkAug
Kan City South'n
Lehigh Val RR.
Leh Val Coal Co.
Lexing <fe East'n.
Long Island
. .
Lou. Hend.&St.L. June
Louisv <s Nashv. IstwkAug.
Macon & Birm... July
Man'tee &. Gr. Rds May
Manis & No East
Manistique
Juiy
Maryland & Penn March
IMexican Central IstwkAug.
Mexican lntern'1. June
Wk July 26
ROADS
Previous
Year
Week
or
655,440
119,400
153,639
671,870
489.173
92,305
3,555,990 45,613,125
3,913,102 46.731,387
108,792
132.313
1,972,937 24,205,172
837,047 11,777,106
172,359
31,103
75,37s 4,054,742
579,115
93,163
399.045 1,927,118
52,787
249,323
114,966
608,805
180,596
10,342
130,019
106,606
114,223
8,900
307,656
30,735
95,229 1,193,998
308,700 1,811,300
22,661
130,896
88,977
798,307
53,455
324,074
3,641,472 37,646,465
7,379
39,911
32,051
164,112
.
76,241
2,262,123
1,986,757
109,032
375,367
3,174,232
239,752
65,104
166,918
117,786
104,161
28,070
566,144
67,119
21,656
3,301,963 2,523,717
to
Latest
Current
Year
Dace,
Previous
Year
#
$
f
58.118
51,918
16,377
2,387
1 592, 648
t'591.413
52,371
372,437
360.124
62,723
637,941
516,783
89,845
292,114 1,565,769 1.547,158
643,377 3,580,198 3,706,377
112,103
174,624
33,624
677,001 3,692,301 3,881,001
23,486
17,412
2,972
558,272
506,633
506,633
896,242
142,359
767,564
823,234
744,361
127,700
14,852
12,280
12,280
38,480
32,953
3,290
6,036,838
5,940,096
5,940,096
503,070 5,456,696 5,322,884
213,772 2.474,267 2,291 .590
275,852 1,868,236 1,567,450
667,202 8,408,848 7,996.348
3,190,065 3,833,374 3,190,065
59,369
466,836 5,073,207 5,137,545
8,482,759 101803577 93,206,077
inc. 7,7 61,900
3,200
946.833
919,551
175,631
597,655 6,823,401 6,174, s 12
1,053,117 11,925,749 11,652.1 19
34,245
27,092
1,459
1,589,801 21,772,672 19,380.219
2,910,210
367,798 3,210,005
.
!
712,50t
!
609,441
7,769,185
7,349,631
f
758,938!
471,550
42,309,013
43,323,515
108,792
21,824,999
10,664,777
164,050
Tot both Co's..
Rich Fr'ksb & P
Rio Grande Jet..
Rio Grande So...
Rio Gr'de West..
.
St.Ios&GrI
& Gulf./i
L& San Fran g
2,877,751 St Louis
546,109
1,995,240
257,342
579,538
173,203
106,606
St
St
L Southwest..
StL Van&TH..
San Ant& A P...
San Fran
P..
106, 4 10 Sav Fla <fe West..
248,716 Seaboard Air L..
1,080,880
1,761,900
&N
SoC&GaExt...
So Haven & East.
Southern Ind
107,109 So Pacific Co b...
785,714
Carsou & Colo.
309.082
Central Pacific.
35,549,695
Direct Nav. Co.
37,745
Gal Har <fc S A.
155,273
Gal Hous <te No
62,588
2,099,528
1,834,679
104,161
366,182
2,932,114
205,131
67,036
2,274,634 2,574,734 27,609,767 25,720,336
1,160,312 2, 8 10,616 26,327,767 26,315,338
\' ....»«. 3,441,446 5,115,350 53,937,534 52,035,674
iVl
960,755
May
139,960 124,953 1,042,039
537,982
525,788
May
45,983
47,282
10,810
65,542
54,799
IstwkAug.
11,703
June
454,400 449,400 5,341,154 4,908,081
1,349,790
98,000
1,399,955
110,817
11,122
July
A31.205
h'd 1,205
11,122
231,743
114,596
June
17,227
15,735
IstwkAug. 431,233 369,385 2,234,593 1,995,224
625,906
IstwkAug. 119,968 118,051
646,837
180,700
173,257
July
180,700 173,257
195,632 189,664 2,362,160 2,486,639
123,327
109,282
July
123,727 109,282
May
/712.568 f 609,441 /7 ,769, 185 /7,349,631
July
919,331
871,788
919,331 871,788
256,882
261,959
18,173
20,423
July,
7,462
5,994
7,462
5,994
July
65,309
47,270
65,309
47,270
May.
6,832,856 6,941,974 77,079,008 70,959,651
15,231
33,760
May
1,712,012 1,754,871 18,560,830 17,820,526
May
7,251
2,802
May
550,949 681,203 6,621,007 6,422,825
24,928
23,389
May
18,004
10,386
790,373
839,621
61,814
66,796
174,173
16,194
208,478
14,327
May
359,848 417,739 4,812,082 5,316.590
4,039
3,208
186,126 147,515 1,781,790 1,541,807
425,335 698,366 6.778,763 7,399,019
May
22,603
26,529
269,857
33,777
27,004
343,838
317,670 262,418
50,275
45,967
May
1,852,136 1,741,052 19,906,757 17,446,260
May
78,533
77,385
May
309,602 412,374 4,296,217 4,000,548
242,671 2,352,860 2,193,790
169.651
May
262,018 272,361 2,720,550 2,593,731
IstwkAug. 728,089 665,409 3,933,046 3,582,155
July
130,017
139,377 130,017
139,377
July
45,301
43,193
43,193
45,301
July...
39,412
39,412
25.567
25,567
904,973
IstwkAug. 177,402 161,219
863,681
July
8,600
9,100
9,100
8,600
95,228
May
133,383
13,477
9,790
295,156
IstwkAug.
321,197
56,135
54,511
113,431
IstwkAug.
113,590
21,657
19,520
260,704
IstwkAug.
64,227
295,055
58,714
36,453
33,704
33,704
36,458
Phil& Read....
Coal&IrCo.... May
T.
&P.
Hous. E. &W.T.
Hous. & Shrev.
Hous &Tex Cen
Iberia & Verm.
Louis'a West...
&T
Mex.& Ariz..
N Y T & Mex
Morgan's L
N.
.
Oregon & Calif.
Sonora Ry
So Pacof Cal ..
M
.
.
.
W
.
; t
,
.
W
LE
June
IstwkAug.
July
.
t
Year
1
]
3,301,963 2,523,717
155,841
155.841
157,882
So. Pac. Coast..
2,679,558 3,459,845 2,679,558
So Pac of Ariz.
99,226 1,260,107
933,680
So Pac of N
101,779
624,945
531,715
Tex&NOrl
417,739 4,812,082 5,316,590 Southern Railw'y
3,175,752 3,292,005 3,175,752 Terre H & Ind .
11,043
11,043 Terre H &Peor..
12,157
70,117
374,678
398,412 Texas Central .
66,140
325,330
275,580 Texas & Pacific.
42,361
245,711
219,538 Tex S V & N
5,262
59,747 Tifton Thorn. <feG.
82,623
15,901
90,770 Tol & Ohio Cent
68,877
427,596 5,560,621 4,912,182 Tol P & West ....
2,274,323 25,511,269 23,880,212 TolStL&W
1,946,723 19,710,610 18,799,847 Tor Ham & Bull
34,218
357,880 Union Pac RR )
424,400
Oreg RR & N [
,589
Inc. 66 4,849
53.527
Oreg Sh Line.
697,078
668,484
561.920 3,276,485 2,873,310 Wabash
Jersey & Sea'e
8,587
9,887
8,587
9,401
Wheel &
16,600
26,506
Wichita Valley.
30,091
1*5,336
15.336
12,007
12,007 Wm'sport&N.Br.
20,622
19,536
195,232
179,255 White Pa^s&Y'n
347.718 t 280,049 1,862,657 1,644,273 Wisconsin Cent..
485,583 456,144 6,141,401 5,637.090 W'rightsv & T'n..
99,600
78,800
351,300
296,900 Yazoo & Miss. V.
157,882
3,459,845
127,856
110.949
359,848
3,292,005
12,157
64,401
85,000
41,421
6,265
13,304
463,906
1,944,391
929,292
39,418
Inc. 35
57,898
616,020
9,887
$
18,990
3,210
44,378
64,223
108,702
294,210
615,198
21,103
636,301
3,575
558.272
159,995
147,098
14,852
3,607
6,036.838
262,045
163,016
339,376
611,602
3,833,374
63,980
521,293
9,596,059
Inc. 64
174,280
509,601
1,041,017
1,524
1,834,111
326,491
Previous
July
589,462 Reading Co.—
GulfW.
2,711
4,253
Current
Year
Month
$
190,628 Mexican South'n 3d wk July
217,656 Millen & So'w'n. June
Mineral Range.. June
151,731 Minneap »te St L. IstwkAui.
70,394 M St P & S St M. IstwkAug
67,919 Mo Kan & Texafc lstwkAui.'.
Mo Pac & Iron Mt IstwkAug.
171,800
Central Branch IstwkAug
66,088
IstwkAug.
54.474.S22 Mob Jack & K C. Wk. A ug 9
2,639,234 Mobile & Ohio..c July
482,591 Nash Ch & St La. IstwkAug
9.074 Nat'l Ry. of Mex IstwkAug.
7,915,100 Nev-Cal-Oregon July
235,045 Nevada Central. June
93,749 N Y C & Hud Riv July
4.638,867 N Y Out & West.
X Y Susq & West May
1,449,454 Norfolk & West'u IstwkAug.
39,229 Vorthern Central
........ North'n Pacific.
4,332 Nor Shore iCal)...
39,66 i Pacific Coast Co.
25,007 Penn— EastP&Ee
692,189
WestP&E.§... June
659,338 Pere Marquette.. IstwkAug.
4,559,003 Phlla & Erie
3,492,000 Phila Wilm &B..
58,844 Pine Bit Ark. R.
699.577 Pittsb C C & St I. Juue
534,035 Pittsb & West'n March.
1,316,014
Plant System—
1,754,871 18,560,830 17,820,526
Ala Midland.
2,094
13,340
11,103
Bruns & W'n.
345,061 1,260.314 1,691,770
Chas <kSav...
757,728 9,225,739 9,030,655
Sav Fla & W.
4.08-.957 53,795,245 50,051,98S
SilSOc&G..
Great North'n—
StPMinn&M)
Latest Gross Earnings
1 to Latest Date.
1
May
2d wk July
IstwkAug.
8,860,440 3,759,141 47,500,279 43,723,273
419,731
350,024
324,616
5,299
10,984
53,780
118,000
9,599
460,112
352,517 2,141.261
328,924 3,763,758
324,616
284,214
6.598
119,400
10,069
90,180
648,100
109,509
143,494
8,374
460,112
410,305
1,904,857
3,581.953
284.214
101,254
609,225
159,856
410,305
* Figures from Deo. 1 are for the railroad only.
§ Covers results on lines directly operated.
IMexican currency, a Inoludes Paducah & Memphis Division from July 1 in both years, t Results on Monterey & Mexican Gulf are
included from March 1, 1902, but for no part of 190i. e Covers lines direotly operated, including the Buffalo & Alle'y Val. Div.for both years.
b Includes the Houston <fe Texas Central and its subsidiary lines. Earnings oi the Cromwell Steamship Line, not previously reported, are
now also included.
c Results on Montgomery Division are included in both years.
d Inoludes St. Paul & Duluth tor both years.
/These figures are the results on the Ala. Midi., Brunswick <& West., Charles. & Sav., Sav. Fla. & West'n and Silver Springs Ooala & Gulf.
g These figures include, besides the St. L. & 8. P. proper, the Kan. City Kt. Soott & Mem.system and Ft, Worth <& R. G.
h From May. 1902,
inoludes sundry acquired roads.
i Including earnings of the Hancock & Calumet, both years.
.
..
.
.
1
THE CHRONICLE.
338
4.th
Totals tor Fiscal Year.
In the full-page statement on the preceding page we show
Che gross earnings of all roads for the period from July 1,
that being now the beginning of the fiscal year of the great
majority of the roads. There are, however, some roads that
These with their dates are
still have their own fiscal years.
brought together in the following.
Latest Gross Earnings.
Roads.
Period.
Current
Previous
Year.
Tear.
week of July.
West of P.
AE
,
.
Pitts. Clncln. Ohio.
& St. L...
Rio Grande Junction
St. L. VandaUa & Terre H....
South Haven A Eastern
Terre Haute A Indianapolis..
Terre Haute A Peoria...
Texas <fe Pacific
West Jersey* Seashore
Wichita Valley
Dae
Jan. lto June 30
Pere Marquette
Jan. lto Aug. 7
Philadelphia & Erie
Jan. lto June 30
Phlla. wllm'g'n A Baltimore. Nov. lto June 30
Jan. lto
Deo. 1 to
Nov. 1 to
Jan. lto
Nov. 1 to
Nov. 1 to
Jan. 1 to
Jan. lto
Jan. lto
June 30
May
July
July
July
July
Aug.
31
31
31
31
31
7
June 30
June 30
5,599,035
3,018,420
7,795,774
10,839,374
26^,822
1,590,678
36,157
1,259,691
393,135
6,082 055
1,577.652
28,842
143,436
430.375
26,830
1,948,417
6,589,837
51,395
3,913,102
1,972,937
4,821.499
1,805,684
495,408
1,020,829
2,761,819
152,348
70,840
10,510.760
2,930,138
2,492,200
279,797
19,837,010
780,895
20,617,90"S
4,623,748
3.950,794
48,451,476
3,806,000
5.183,219
2,984,716
7,678.273
9,751.057
251,366
1,482,467
30,516
1,146.075
404.275
6,452 443
1,492,652
33.029
These figures lnolude the Buffalo & Allegheny Valley Division In
both years. tThe operations of the Monterey A Mexloan Gulf are
Included from March 1, 1902.
*
which
Latest Gross Earnings by Weeks.— In the table
we sum up separately the earnings for the latest
week. The table covers the first week of August and
shows 5-31 per cent increase in the aggregate over the same
follows
week
1st
last year.
week of August.
1902.
S
Alabama
Gt. Southern
Ann Arbor....
Buffalo Roch.
Pittsb'g
41,789
31,380
139,140
771,000
143,160
1901
Increase.
9
$
9
130.101
91,155
32,153
106,036
35,781
31,838
134,7*0
668.000
129.560
2.094
345,064
119,400
153.639
92,305
31.103
93.1 68
359,64r>
3S9045
Duluth So. Shore A Atl..
Evansv. & Indianapolis
Evansv. A Terre Haute.
44,464
116,805
'322.400
25,059
58,857
7,932
31,357
52,787
114.966
*308,700
22.661
53.455
7,379
32,051
Grand Trunk West.. V
584,810
666,114
18,666
110,949
64.401
41,421
13,304
616,020
347,718
64,223
108,702
294,210
615,198
21,103
3,575
159,995
147,098
339,376
174,236
11,703
431,233
119,968
728,089
177.402
56,135
21,657
61,227
419,731
118,000
101,779
70,117
42,861
9,170
8,668.752
8,231,864
A
Canadian Pacific
Chattanooga Southern.
.
Chicago A East. Illinois.
Chicago Great Western
Chic. Indian'lis A Loulsv.
Chlo. Term. Transfer
Cln. N. O. A Texas Pao..
Clev. Cln. Chlo. A St. L..
Colorado
A
Denver
A Southern
Rio Grande
Dot. Gr. Hav.
f-
A
Gt. Northern.
KanawiiaA
Michigan...
Nashville
Louisville &
Mexloan Central..
.
Minneapolis A St. Louis.
Minn. St. P. AS. Ste. M..
Mo.
Pacltlo
A Iron
Mt....
Mob. Jackson & K. City..
Nashv. Chat. & St Louis.
National BR of Mexioo.
Rio Grande Southern
Bt.
St.
LonisASanFranolsoo
Louis Southwestern..
& Pad no
Toledo A Ohio Central..
Toledo Peoria <fe Wost'n
Toledo St. L. A West
Texas
.
Net Increase (5-31
*
H9.700
6.008
•
-
458
4,390
103.000
13,600
48C
-• ••
9
Mexloan Railway
.....
23,538
1,150
....
1,050
12,873
39,400
8,323
1,839
13,700
2,398
3,402
553
694
p.
c).
5,716
910
2,597
15,901
561,920
280.041*
62,723
89,845
292,114
643,377
33,624
2,972
142,359
127,700
275.85V!
175.S31
10,810
369.385
118,051
665,409
161,219
54,511
19,520
58,714
352,517
109,509
64,100
67,669
1,500
18,857
2,096
28,179
12,521
603
17.636
19,398
63,524
1,345
893
Total (58 roads)
roads,
$
9
Decrease.
9
1,088,133
13,210
238,677
12,300
1.000
5,000
1,128
.
-
- .
...
6,768
18,860
20,800
31,988
78,800
251,264
12,609
2,882
13,790,671 12,846,079
1,192,419
247,827
944.592
Net Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads
reported this week.
full detailed statement, inoluding all
roads from which monthly returns oan be obtained, is given
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of July 19,
1902.
The next will appear in the issue of August 23, 1902.
Gross Earnings.- -<.
Net Karnings.—m
Current Previous
Current Previous
A
.
.
Tear.
Tear.
Tear,
Tear.
Roads.
9
9
9
9
Adirondack. a ... June
12,887 def. 25. 812 def.2,605
15,324
July l to June 30...
202.216
190,628
20,859
44,621
Ann Arbor. b..
146,124
137,481
June
23,603
26,726
July 1 to June 30
1,892,907 1,754,146
520,353
444,985
Ann'p.W'Bh. A Bal.a June
2.047
6,630
6,656
1,792
July 1 to June 30
83,162
66,088
29,303
20,655
Atl. Knox. A No. a June
47,264
42,963
11,627
11,666
July 1 to June 30 ...
621,166
482,591
229.053
138,782
Atlantic A Birm'gh. July
18,574
9,074
8,335
1,897
Atlantic Coast L. a. June
916,496
751,926
425,594
296,511
July 1 to June 30
8,519,526 7,915.100 3,450.539 2,938,270
Allegheny Valley... June
Inc. 40,503
Ino.
8,265
Ino. 143,436
Deo. 64,911
Jan. 1 to June 3 o
Baltimore A Annapolis
Short Line. a
June
10.113
9,509
1,787
2,226
106,523
93,749
30,371
29,911
July 1 to June o<J
Bait. A Ohlo.b
June 5,027,741 4,638,867 1,861,791 1.749,548
Bellefonte Cemralb July
Jan. 1 to July 30
...
Boston
4,943
33,398
4,332
26,330
1,946
12.865
1,828
7,221
2,434,772
4,373,547
2,317,312
4,232,900
A Maine-
8,048,043 7,750,945
Apr. 1 to June 30
15,160,300 14,565,181
Jan. 1 to June 30
Boston Rev. B. A Lynn-103,800
122,890
Apr. 1 to June 30
205,975
173,977
Jan. lto June 30
3,091
2,706
Brldgt. A Saco R.bJuno
40,780
39,662
July 1 to June 30
CVo.Bnrl.AQuln.bJune 4.476,745 4,088,957
53,795,2*5 50,051,988
July 1 to June 30
99,397
Col. Sand. A Hock. b June Si 115,241
1,237.316 1,064,1E0
July 1 to June 30
11,576
10,342
Uolum.Newb.A 1.. b.June
180,596
173,263
July 1 to June 80....
Cooperstown & Char. Val.
13,616
18,039
Apr. 1 to June 30
25.636
25,858
Jan. 1 to June 30....
Fonda Johnst. A Glov.
117,807
118,172
Apr. 1 to June 30
190.810
187,075
Jan. 1 to June 30....
10,932
18,308
11,511
13,384
1,763
1,594
11,815
10.911
1,378,881 1,268,287
19,785,407 17,610,098
131,119
t21,549
1289,149
tl92,450
def.1,075
2,583
56,884
42,412
2,387
6,112
1,343
4,748
56.037
78,731
33,889
50,192
102,018
103,265
51,723
2.662.200 2,271,181
844,977
30,712,257 28,022,207 9,809,819
July 1 to June 30
20,117
17,449
10,866
Mexican Telephone June
78,517
69,351
37,574
Mar. 1 to June 30
262.045
503,070 def. 24, Oil
N. Y. Ont. A West.aJune
5,156.696 5,322,884 1,298.942
July 1 to June 30
P09.601
168,451
597,655
June
Phlla. A Erie.b
3,018,420 2,984,716 1,016,915
Jan. 1 to Juno 30
Port J'rvis Mont. A N. Y.—
14,117
14,988 def.4.717
Apr. 1 to June 30
26,115 def. 7,600
26,150
Jan. 1 to June 30 .
8 t. Louis AN. Ark. a June
15,735
7,139
17,227
231,743
114,596
107,824
July 1 to June 3u
875.082
947,011
237,609
Seaboard Air Line a Juno
July 1 to Juno 30.... 11,579,815 10,929,051 3,435,595
19,140
93,961
91,932
ToLPeoriaA West.bjuly
31,425
687,711
9,789,173
8,168
31,491
155,904
1,545,747
244,050
1,052,821
A Hudson-
Apr. 1 to June 30
ouisv.
A Nashv. b. Juno
.
def.10,324
def. 10,9 19
3,287
38,673
250.526
2,808,691
28,963
a Net earnings hereglven are after deduotlng taxes.
b Net earnings here given are before deduotlng taxes
1902, taxes and rentals amounted to $7,903, against
t For June,
$7,342, after deducting which net for June, 1902, was $23,216,
against $14,207. From July 1 to June 30, 1902, taxes and rentals
amounted to $88,858, against $85,919, after deduotlng which net
was $200,291, against $106,531.
Interest Charges and Surplus.—The following roads, in
Addition to their gross and net earnings given in the foregoing, also report oharges for interest, &c, with the surplui
ibove or doiloit below those oharges.
--JBot. of NttBarn'i.—
—Int., rentals, etc.
Current
Previous
Current Previous
Tear.
228,414
the fourth week of July our final statement oovers 58
and shows 7'35 per cent increase in the aggregate
over jthe same week last year.
Increase.
p.o.)..
Rnntlt
Including Rio Grande Western.
^For
1901.
LXXV.
—
61,818
1,917
62.680
16,183
1,624
2,137
5.513
67,214
8,491
665,312
436.898
99.600
283,252
10,227
Seaboard Air Line..
.
Toronto Ham. & Buffalo.
Lehigh
103, ^53
800
Mllw. J
Hooking Valley..........
Intern'l
2,574
241,511
Decrease,
1902.
Previously rep'd <48r'ds) 12,866.557 12,017.101
Alabama Gt. Southern..
88,919
75,709
Ala. N. O. & Tex. Pao.—
NewOrl. & No. East ..
58,700
71,000
Ala. & Vioksburg
29,000
30,000
Vloks.Sh. A Pao
30,000
35,000
Ann Arbor
60,232
49,104
Oln. N. O. & Texas Pao..
177,652
170.884
fnterooeanio (Mex.)
85,000
66.140
Net increase (735
Ino.
Jan. lto June 30
Allegheny Valley
450,489
Atlanta & Charlotte Air Line. Apr. lto May 31
Jan.
lto
July
31
33,398
Bellefonte Central
Burlington Cedar Bap. A No. Jan. lto May 81 2,076,712
Jan. lto May 31 6,441.963
Central of New Jersey
Jan. lto Aug. 7
63,875
Chattanooga Southern
Chicago & North-Western.... June 1 to June 30 4,000,368
Chicago Book Island A Pao.. Apr. 1 to Apr. 30 2,119,178
Ohio. St. P. Minn. & Omaha.. Jan. lto June 30 5,405,200
Chootaw Oklahoma A Gulf.. Nov. lto Mar. 31 2,297,157
557,874
Jan. lto June 30
Cumberland Valley....
Jan. lto June 30 1,119,554
Ft. Worth A Denver City
International A Gt. North'n. Jan. lto Aug. 7 2,595.187
148,995
Manistee A North Eastern. .. Jan. 1 to May 31
66591
Manlstlque
Jan. lto July 31
Jan. lto Aug. 7 12,108.326
Mexican Centralt
Mexican International
Jan. lto June 30 3,110,714
Mexican Railway
Jan. lto July 26 2,823,800
308,768
Mexloan Southern
Apr. lto July 21
Jan. lto Aug. 7 20.315,489
Missouri Pacific
579,998
Central Branch
Jan. lto Aug. 7
Jan. lto Aug. 7 20,895,487
Total
Jan. lto Aug. 7 5,020,682
National BB. of Mexico
Northern Central
Jan. lto June 30 4,092,594
Pennsylvania.Eastof P. AE..* Jan. lto June 30 53,419.876
[Vol.
Atlantic A Birm'gh. June
UQio.Bnrl.A Qnlnoy June
July 1 to June 30
Boston Rev. B. A LynnApr. 1 to June 30
Jan. 1 to June 30
Boston
A Maine-
Apr. 1 to
Jan. lto
Cooperst'n &
Apr. 1 to
Jan. 1 to
Tear.
Tear.
9
9
6,252
2,083
2,083
578,881
797,260
800,000
9,600,000 9,567,122 10,185,407
it
15,808
30,594
Tear.
9
def.186
471,027
8,042,976
*3,738
12,747 def.*l,535
28,288 df.* 11,967 def.*9,153
June 30.... 2,027,684 1,997,165 605,766 '499,105
•528,011
*687,845
4,054,962 3,987,856
June 30
Char. Val.—
5,133 def.*2,553 def.*3,713
4,990
June 30....
8,013 def.* 1,530 def.*3,148
7,913
Juno 30....
ACGCST
16,
THE CHKONICLE.
1902. J
Bros* Earnings.— —*
Current Previous
Roads.
Year.
Year.
9
9
•
—
Year.
The following table shows the gross earnings for the latest
period of all street railways from whioh we are able to obtain weekly or monthly returns. The arrangement of tne
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the oalendar year from January 1 to and inoluding suob
latest week or month.
—
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings.
Prev'us
Week or Mo Our'nt
Year.
Year.
9
119,870
American R'ys. Co.^. July
Bingham ton RR
17,193
Br'klyn Rap.Tr. Co.
Borlingt'n (Vt ) Trao. July
Canton-Masslilon By.
Charleston Cons. Ry.
Gas& Eleo
& Mil. Eleo..
Oln. Dayton &Tol. Tr.
Cln. Newp. & Cov. Ry.
Chicago
Citizens Ry. <Jt Light
(Musoatlne, Iowa).
City Eleo. (Rome,Ga.)
Cleveland Electric ..
Weet...
Cleve. Ely
Cleve. Palnsv. & E.
Dart & Wport St.Ry.
Denver City Tram. .
Detroit United.
Detroit & Port Huron
&
.
.
48,065
23,591
50,317
77,545
July
Juls-
Jan. 1
to Latest Dale.
Ourreni Previous
Year.
9
Tear.
9
493,010
628,128
74,266
69,534
6,252,779 5,963,241
6,947
12,913
75,395
43,013
23.459
41,572
72,201
56.202
102,530
88,919
422,149
384,637
45,290
7,655
6,963
40,505
20.264
8,589
4,268
20,777
July
231,629 210,329 1.407,643 1,263,463
25,198 22,23f
128.392
107,026
79,557
17,747 15,749
65,450
11,805 11,269
52,980
49,494
April
124,516 116,35e
481,348
435,296
IstwkAug. 71,997 63,945 1,980,932 1,731,597
.
>
Dnlnth St. Ry
V
Elgin Aurora <fe Son July
Georgia Ry. & Elect.
Harrlsburg Traction.
Internat'l Traotlon—
March
Lake Shore Eleo. Ry.
Lehigh Traotlon
London St. Ry.(Can.) April
Los Angeles Railway
Mad. (Wis.) Traotlon
Mass. Eleo. Co.'b
Met West 81de Elev.. July
Montreal Street Ry..
Nashville Ry
New London 8t. Ry..
Northern Ohio Traot.
Northwestern Elev.. July
Oakland Trans. Cons
Olean St. Railway...
Orange Co. Traotlon.
Paclflo Eleotrlo
Philadelphia Co. J )
Consol.Tr. (Pitts.) >
United Tr. (Pitts.)}
Pottsv'e Union Trac. July
9,836
9,050
48,125
38,857
36,454
8,365
90,284
37,192
40,472
10,533
107,716
41,867
April
256.341
42,936
6,420
9,942
132,317
8,321
569.314
151,790
187,662
76.861
7,305
67.631
86,971
82,920
3,994
10,624
45,796
1,076,860
245,563
33,201
11,401
9,496
97,302
234,955
244,239
226.928
38,980
501,110
213,321
185,038
207,303
204,102
30,459
416.418
174,078
731.650
199,432
53,482
39,188
569,404
36,462
693,319
147,824
59,679
36,192
430,116
577,362 2,635.504 2,409,601
122,927 1,088,402
968,391
180,926
966,011
899.495
63,509
327,674
290,577
7,493
28,140
25.487
58,191
318.937 268,967
75,266
662,385
578,579
69,341
449,486
3,835
11,222
11,004
10,935
42,312
41,783
Roads
17,034
19,122
93,197
94,725
26,370
1,561
22,641
1,547
116,061
10,422
91,731
9,920
Sacramento Electric
June
Louis Transit
Sioux City Traction..
South Side Elevated.
Toledo Bowl. Green
& South. Traction..
Toledo Rys. & Light.
Toronto Railway
Twin City Rap. Tran
St.
July
36,702 34,473
219,474
193,815
575,173 505,723 3,589,761 3,292,360
21.846 19,598
113,335
95,910
109,639 98,833
822,007
767,790
July
22,571
16,926
June
122,683 112,901
Wk. Aug. 9 38,608 33,866
671,284
598,928
IstwkAug. 73,114 63,130 2,075,269 1,808,993
Onion (N. Bedford).. June
30,713 25,343
146,870 118,501
United Traction— )
131,992
125,784
624,416
724,290
Albany City $
United Traot. (Prov.)
267,435 221,541 1,109,785 989,296
Wash. Alex. & Mt.
Vernon Ry
17,313 15,457
i
1
These are results for properties owned.
Results now Include the Pittsburg Railway Co., operating the Con-
solidated Traction
and
all
—
—
Gross Earnings.
Current Previous
Year.
Hna&S.
Albany & Hud. Ry.
& P.—
Apr. 1 to June 30....
Jan. 1 to June 30...
Charleston Consol. Railway Gas & Eleo.. June
Deo. 1 to June 30
Milw. Elec. July
Ohio.
Jan. 1 to July 31....
&
Cincinnati Dayton & ToJuly
ledo Ti action
39,987
66,905
9
Year.
Year.
41,572
26,870
21,402
7,655
(Muscatine, la.).. July
45,290
Jan. lto July 31
Cohoes City Rv.—
6,531
Apr. 1 to June 80....
12.305
Jan, 1 to June 30
325,899
Oetroit Unlled.a...July
Jan. 1 to July 81.... 1,917,185
40,472
Elgin Aurora &8o a July
74,346
June 1 to July 31....
226,928
Jan. 1 to July 31. ..
Elmira Water L'ht & RR.
40,538
Apr. 1 to June 80
77,346
Jan. 1 to June 30
Hudson Valley Ry.—
83,795
Apr. l to June 30
145,073
Jan. 1 to June 30....
6,963
40,505
3,389
14,803
1,881
5,975
11,723
302,988
1,674,935
36,454
69,068
204,102
725
def.1,132
1,669
143,051
827,294
19.275
33,001
90,205
5
153.175
749,776
20,236
35,191
84,959
& Light—
y8,810
yl5,803
Jy29,765
y59,862
Apr. lto June 30
Jan. 1 to June 30
June
Orange Co. Trao
July 1 to June 30
Troy
28,142
50,130
10,624
102,104
13,122
yl9,807
10,935
98,336
5,348
39,966
5,290
43,714
6,021
8,917
2,585
2,098
1,618
1,733
& New England
5,745
Apr. lto June 30
8,739
Jan. 1 to June 30...
y Includes " other inoome."
and Surplus.— The following Street
Interest Charges
railways, in addition to their gross and net earnings given in
the foregoing, also report oharges for interest, &c, with the
surplus or deficit above or below those oharges.
Int., rentals, etc.
/-Bal. of Net Earn's.—
Current Previous
Current
Previous
—
<
Tear.
Tear.
9
9
Roads.
Albany & Hud. Ry. A, P.—
Apr. 1 to June 80
Jan. 1 to June 30
—
.
Tear.
Tear.
9
40,080
78,728
9
def.22,716
def. 48,478
Charleston Consol. Rail-
way Gas & Elfc.June
Deo. 1 to June 30....
Cincinnati Dayton & Toledo Traotlon
July
Cohoes City Rv.—
Apr. 1 to June 30
Jan. 1 to June 30....
Elgin Aurora A 8o. July
12,575
127,997
13,168
22,774
5,963
81,788
3,845
80,559
15,820
9,917
11.050
11,585
1,537
3,336
8,333
16,666
58,333
2,385
4,035
8,333
def.812
def. 3,517
def. 1,6 67
def.4,030
10,941
16,334
31,873
11,902
18,524
26,627
June 1 to July 31....
Jan. 1 to July 31....
Elmira Water L'ht & RR.
Apr. 1 to June 30
Jan. 1 to June 30
Hudson Valley
16,666
58,333
273
8,537
19,561
def.3,758
Ry—
Apr. 1 to June 30
Jan. 1 to June 30....
Kingston ConsolidatedApr. 1 to June 30
Jan. 1 to June 30
Troy & New EnglandApr. 1 to June 30
Jan. 1 to June 30
36,959
66,245
def.7,194
9,856
19,699
3,266
def. 6, 383
108
2,200
3,632
2,000
3,332
385
def.382
def.1,534
def. 1,599
ANNUAL REPOR rs.
Annual Reports.— The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Investors' and Street Railway Supplements.
This index does not include reports in to-day's Chronicle.
RAILROADS. ETC.—
Page.
Railboads. Ktc— Con.)—
PagtButterickCo. (official statement). 238 Oregon Short Line (abstract of i
Calumet & Hecla Mining
238
p. c. and particiDatinggoldmort.) 243
Central Coal & Coke Co
183 Page Woven Wire Fence (stateDet. Mack. & Marq. RR.land grant
288
ment April 1, 1902)
(
mort. (statement 1879 to 1802)... 182
Montreal Light Heat & Power ... 23«
Nashville Cbatt. & St. Louis
287
Nat. Asphalt Co. of America state-
ment for years 1900 and 1902
& Western
—Ne
t JBarntnfln.—
Current Previous
Year.
Year.
Year.
9
9
9
35,534
yl7,364
y30,250
y 8,991
183
Norfolk
Louisville
287
Republic Iron & Steel
St. Louis & San Francisco
Southern Indiana
288
288
237
Street Railways—
Chicago Union Traction Co
182
&
Nashville Railroad.
(For the year ending June SO, 1902.)
The results for 1901-02, compared with previous years,
were as follows
EAENINGS AND EXPENSES.
1901-02.
1900-01.
1899-00.
1898-99.
Gross earnings
30,712,257
Operating expen's,
excluding taxes.. 20,902,4 38
28,022,207
27,742,379
23,759,486
18,233.034
18,603,406
15,731,588
Net earnings
9,809,819
Per cent of exp. to
9,789,173
9,138,973
8,027,898
(65-07)
(67-06)
earnings
Inoome
from
(68-06)
(66-21)
in-
&o.. 1,001,022
704,688
650,044
540,645
Total inoome... 10,8 10,8 41
10,493,861
9,789,017
8,568,543
735,330
4,814,320
157,383
12,687
vest., rents,
Disoursemen Is—
Taxes
Interest
Rents
Georgia RR. loss.
Other roads loss
Sink, fund (net)....
ToS. AN. A
Miscellaneous
832,074
813,538
4,703,345
278,673
4,871,593
280,143
785,568
4,838,446
168,167
141,100
71,878
53,464
128.900
65,110
53,464
130,270
202,851
50,840
127,180
46,165
48 579
8,907,748
1,586,113
8,281.783
1,507,234
7,789,644
3.641
Dlvldendy.~.7.~.."^5)2,875,b^^^
48,065
447,637
23,591
102,530
.
50,317
Citizens' Ry.
the other controlled properties in Pittsburg.
Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings received
this week. In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print eaoh week all the returns reoeived
that week, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
in the Chronicle of July 19, 1902. The next will appear
in the issue of August 23, 1902,
i
9
Net Earnings.
Current Previous
958,827 6,850,466 6,063,132
Railways Co.Gen.—
Light Co's
Year.
Previous
Year.
Kingston Consolld'd—
July
IstwkAug.
Shoreline
Duluth-Sup. Traot.
9
89,658
15,678
1,168,288 1,181,023
8,144
18,944
Current
Roads.
street railways and traction companies.
—
—Gross Earnings.—
Year.
& Hncl son33,870
"19,035 *def. 1,592
Apr. 1 to June 30
33,583
Port J 'rvia Mont. & N. Y.—
4,432 def.9.131 def.14,756
4,414
Apr. 1 to June 30
8,841 def.16,428 def.19,760
8,828
Jan. 1 to June 30
23,051 def.3,398
Col. Peo. & West... July
22,838
5,912
After allowing lor other income received.
Gross
339
Set Earnings.
Ourrtnt
Previous
Lehigh
Earnings.
—
—
:
..
43,013
288,758
23,459
88,919
18,538
209,785
16,005
56,923
17.013
103,333
15,770
46,828
Total disburs... 8,960,534
Balance, surplus... 1,850,307
-V. 75, p. 185, 135.
778,900
JJ
.
J
:
THP CHRONICLE.
340
Buffalo Rochester
& Pittsbnrg Railway.
LXXV.
[Vol.
pare with $30,406,9117 net, $9,288,052, with $8,888,122 other
income, $568,783, with $968,713. The operations of the Fitchflurg RR. are included in the last two years, but not in the
earlier years those of the Portland & Rochester RR. are included from Jan. 1, 1900, only:
;
;
('Report for the year ending June 30, 1902
The remarks of President Arthar G. Yates are given on
pages 346 and 347 of to day's Chronicle.
The figures of earnings, expenses, balaace shest, etc., have
been compiled for four years for the Chronicle as follows
OPERATIONS, EARNINGS AND EXPENSES.
;
EARNINGS, EXPENSES, ETC.
:
1901-02.
Baad
472
338
Gross earnings
31,840,694 *30,80b\837
OperatlDg expenses. 22,433,151 21,518,785
185
79
177
79
162
67
164
53
Net earnings
Other income
9,407,543
589,901
*9,288,052
*568,783
6,583.641
677,316
6,184,630
656,558
10,751
10,050
8,858
7,771
368
309
300
247
Total net
Fixed charges
9,997,444
8,059,433
9,856,835
8,015,137
7,260,957
5,508,920
6,841,184
5,493,939
Sinking fund
1,938,011
151,285
1,841,698
151,285
1,752,037
64,717
1,347,244
67,829
1,786,726
1,764,359
1,690,413
1,645,000
1,687,320
1,515,304
15u,000
1,279,415
1,234,002
22,367
45,413
22,016
45,413
Operations—
Passengers oarriei.
l,0i2,303
Pass, carried 1 mile 41,512,964
Rate per pass. p. m. 2035 ots.
Tons of bit. ooal oar. 4,655,783
Tons of coke carried
615,270
1,002,677
34,360,229
2070
cts.
4,590,523
553,00
Tot.t'n8(allfr't)oar.
6,934,359
6,771.047
146-4
129-3
Av. dis.li aul. 1 ton'm.
(tons)
Freight
1 m.. 1015032236 875.637,083
Rate pur ton per m. 0-505 cts.
Earnings—
$
Freight
Miscellaneous
Total
0546
cts.
901,425
23,454,594
2-125 Cts.
4,561.172
592,507
6,641,744
772,871
17.095,220
2-115 ots.
4,257,679
579,382
6,247.910
123-29
13616
904,350,661 770,285,887
0466 cts. 0-412 cts.
$
920,256
5,362,553
9,775
$
778,506
$
547,922
5,006,267
18,920
4,430,048
14,177
405,389
3,375,385
7,682
6,292,584
6,803,693
4,992,147
3,788,456
2,121,874
835.267
534,642
140,221
102,000
39,562
1,877,422
694,546
570,836
134.372
102,000
29,856
1,632,202
1,371,858
656,743
496,694
102,972
102,000
138,269
586,310
384.172
99,054
70,500
103,719
3,773,566
2,519,018
3,409,032
2,394,661
8,128,880
1,863,267
2,615,613
1,172,843
(59-96)
(58 73)
(62-67)
(69-04),
Balance
Dividendst
Contingent fund
8urplns
§ Includes in 1898-9 $489,715 for equipment and automatic couplers,
Includes 6 per cent on preferred In all the years and 7 per oent on
common in the three later years ; in the earliest year 6 per cent was
paid on the common stock. * See remarks above.— V. 74, p. 1354.
t
Expenses—
Transport dtion
Maint. of equipm't.
Maint. of way, etc.
General
Taxes
Ext'dinary
& imp'ts
P.c. op. ex. to earns.
Other income
Total
Disbursements
Int. on b'ds & oar tr.
Interest' on bonds of
proprietary roads
Rentals
Sinking fund
—
20,662
26,926
19,988
13,512
2,539,680
2,421,587
1,883,255
1,186,355
731,472
691,258
664,421
649,210
476,251
96,994
544,000
259
360,000
240,000
18,900
473,726
52,087
500,278
33
360,000
120,000
18.900
303,114
21.717
808,708
18,900
127,964
Special approp't'ns
Miscellaneous int..
Dividend on pref. ..
Dividend on com..
.
(6)
(4)
(6)
(2)
330
421
(4)
240,000
(2)
Following
all
2,448,976
90,704
2,216,232
205,305
is
an
official
statement for the system, including
190001.
$
1899-00.
Freight
36,072,079
Passenger
12,857,267
Mall and iniscel.... 4,865,899
33,662,221
11,624,746
4,766,022
32,557,999
10,384,403
4,593,013
29,270,942
9,469,018
4,649,465
Gross earns. ...53,795,245
Operating expen... 34,009,839
50,051,989
32,441,891
47,535.420
29,816,838
43,389,425
26,545.630
Net earnings.... 19,785,406
Fixed charges
9,600,000
17,610,098
9,567,122
17,718.582
9,789.820
16,843,795
10,115,495
Earnings—
BALANCE SHEET JUNE
325,974
306,956
98,020
22,449,096
1,519,391
1,003,671
313,518
118,142
410,873
475,644
193,777
16,002
22,121,755
1,519,391
1,003,670
110.417
87,561
355,553
93,812
87,488
10,771
28,279,488
27,605,974
26,500,112
25,390,419
Stock, common.....
6.000,000
Stock, preferred
6.000,000
Bonds (see Sdpp'T). 10.999,000
2.579.0J0
Car trusts
Real estate mtges..
304,000
Bonds of propri.rds.
6,000.000
6,000,000
6,000.000
6,000,00)
10,629,000
1,159,000
304.000
370,000
134,682
614,032
6,000,000
6.OJO.O00
10,629,000
accrued not due
Int.
Pay-rolls &, vouch 's.
Due to lndiv'e cos.
&
Miscellaneous
Profit
and
loss
Total
—V.
146,087
666,424
45,338
176,289
1.363,349
1,389,868
25,843
1,184,563
768,000
304.00 J
370,000
131,317
291,088
32,972
5,455
858.587
28,279,488
27,605,974
26.500,112
25,390,419
2,033,000
304,000
370,000
141,622
655.900
56,732
25,852
78, 992
Gila Valley Globe
Canadian Pacific Railway.
(Report for the year ending June SO, 1902,)
The preliminary figures for the fiscal year ending Jane 30,
compared with the results for the preceding year and with
those of earlier calendar years as previously reported, were:
Tear.
Calendar years.
Tear.
s
1900-01.
Interest received
14,085,913
958,827
1899.
ft
ft
30,855,203
18,745.828
29,230,038
16.999,872
12,10^,375
933,425
Ry.
STATEMENT FOR THE TEARS ENDING JUNE
Op. exp„ taxes, etc.
Gross.
1901-02. .$375,367
1900-01.. 365,836
1899-00.. 373,049
Xel.
12,230,166
1.150,198
30.
Interest.
Surjrfus.
$185,452
$75,700
$109,752
195,025
75,700
119,325
221,537
75,700
145,837
Paid 4 per cent ($30,030) dividend in Jan., 19 Jl and 1902.
$189,916
170,811
151,512
BALANCE SHEET JUNE
]»>2.
1801.
$
$
Assets-
Roadway and equip. ,3,516.799
Due from agents
10.8U
Current accounts
19, 0*
',902
8,113
9,982
215,755
Real estate
Siukiujrfund
Materia) & supplies.
,
Cash on hand
Total
30.
1902.
1901.
«
•
2,000,000 2,000,000
1,514,000 1,514,000
Bond interest ...
13,816
14,3*2
Pay rolls
6,149
5,150
Traffic balances
1,580
'47,132
Vouchers unpaid ..
8.788
Current accouuts...
20,604
3,538
Reserve fund Jt. mis
4,156
2.844
1'roflt & loss, bal....
178,0*9
149,376
Liabilities—
Capital slock
Bonded debt
3,516,769
18.8*8
12,894
7,902
3,143
13,664
131,320
—
Total
3,78),88S 3,699,5(58
3,783.886 3.699,588
-V. 75, p. 1108.
Ontario
& Western Railway.
June
30, 1902.
Toe lollowing
statement; of earnings and expenses for the
late fiscal year has been compiled for the Chronicle:
190001.
1899-00.
1898-99.
Gross earnings
5,456,696
Oper. expen. and taxes. ..4,157,754
5,322,883
3,777,137
4,963,482
3,414,917
4,346,163
2,970,110
1,29-, 942
1,545,746
417,241
1,548,565
1,376.033
167,919
1901-02.
*
1898.
ffi
26.la8.977
15,663,6(5
Ne» earnings
Other inoome
Netlncome
Interest, rentals, etc
Net earnings
& Northern
(Statement for the year ending
1901-02.
1,489,929
in the Southern Pacific report:
New York
76, p. 183, 28.
Gross earnings
37,503,054
OperatlDg expenses.. 23,417,141
2,099,084
We have received the following statement, as it will appear
$
10,629,00(1
1,390,419
{Statement for the year ending June 30, 1902.)
23,441,848
1,519,391
1,003,671
184,524
61,142
546,862
49i,560
—
2,735,406
75, p. 183, 28.
30.
1899.
Total
$
Balanoe for divs... 10, 185,406
8,042,976
7,928,762
6.728,300
Divs. (approximate
In 1901-02)... .(6%) 7,450,000 (6»a)6,652.557 (6)5,829,678 (6)5,238,371
1,916,404
269,951
1900.
Liabilities
1898-99.
$
120,000
1901.
1902.
AssetsCost of road & equip. 24,638,328
Cost of prop't'y rds.
924,212
Investments
1,003,671
Cash
73,775
Bills receivable
47,000
Materials on hand..
609,633
Agents & conduct'rs
531,126
Individuals & cos..
249,492
Advances and misc.
202,251
$
Surplus
1,557,281
Railroad.
controlled roads
-V.
Total
Surplus
& Qaincy
Chicago Bnrlington
{Statement for the year ending June 30, 1902. J
1901-02.
Total
Net earnings
1899-00.
1898 99.
$
$
22,148,602 19,890,607
15.564,961 §13,705,977
472
Passenger oars
Passenger
1898-99.
$
472
Jane 30.
Equipment—
Locomotives
oper.
Freight oars
Service oars
1899-00.
1900-01.
190001.
$
1901-02.
10,475,372
423,367
Balanoe, surplus.
228,226
278,ti92
1,527,167 1,962,990 1,822,257
868,208 1,083.759
963,233
658,959
879,211
859,024
1,543,972
920,255
623,717
-V. 74, p. 1039.
To tal net inoome. 15,044.740 13.042,800 13.380,364 10,893,739
6,816.676
*Fixed charges
7.305,836
7,334,825
6,774,320
150.000
155,<j00
150,000
For steamships
Dive, on com. et'k. (5)3,250,000 (5)3,250,000(5)3,250,000 (4)2,600,000
Divs. on pf. stock. .(4)1,246,840 (4)1,222,507
Balance, surplus. 3,063,075
*
1,114,458
(4)954,840
(4)472,708
2,203,848
1,051,711
Inoludlng interest on land grant bonds.— V. 75, p. 239, 76.
Boston & Maine Railroad.
(Statement for the year ending June 30. 1902.
In advance of the pamphlet report, the statement of results for 1901-02 has fceen issued, which we compare with
previous years. The figures for the earliest two years are as
shown in previous annual reports those for 190001 have
been revised by the company for purposes of comparison
with the current year, the earnings from elevators and stock
yards being transferred from "other income" to "gross earnings." The gross earnings as shown below, $30,806,837, com;
Central Foundry Co.
(Report for fiscal year ending June 30, 190J.J'
President Alfred Fowle Jr. says in substance:
Operating Plants.—-The policy of concentrating the manufacturing in
as few plants as possible, running those plants to the full oapaolty,
has resulted in reduoing the operati g plants from nine to seven daring the year jast closed. The plants are In a better physical condition
for economical manufacture than ever before. All expense of this
further concentration has been qharged to operating expense.
Central Iron <£ Coal Co.— The completion of the faruaoe and coke
ovens near Tuscaloosa, A.U., has been somewhat delayed, owing to
the scarcity of material and labor, making it impossible to oompiete
the railroad connecting oar mines and the furnace as early as anticipated. There is every assurance now that the plant will be la full
operation by Jan. 1 next. The development of the ooal and iron
mines has been very enoouraglug, and sufficient ooal of the best ooklng
qualities and iron ore of high grade is in sight to supply the furnace
for many years to come and enable it to produce pig iron at as low a
cost as any furnace in the Birmingham District. Every share or stock
of the Central Iron & Coal Co. is owned by the Central Foundry Co.,
except suoh as are necessary to qualify directors.
—
J
—
AUGUST
The
9.068
40,272
39,818
Depredation
July
defloit
1,
1901)..-
bonds.
also authorized the issue of $10,000 receiver's
It is said the receiver will be permitted to operate the road long enough to determine its earning capacity
before he offers it for sale.— V. 73, p. 615.
The Court
certificates.
BALANCE SHEET JUNE
Assets—
Plant Investment
Treasury stock...
...$15,931,183
700,000
327,275
515,194
362,139
100,687
6,339
4,772
Cent. 1. & C. Co. lnv..
Aoots. and bills reo...
Inventory
Cash
Unexpired insurance.
Furniture and fixtures
Total
—V.
30, 1902.
Liabilities—
Capital stook
$14,000,000
3,863,000
38,630
Debenture bonds
Aoorued bond Interest
Accounts payable, not
due
Taxes and licenses
Buffalo Rochester & Pittsburg Ry.— New Line to New
York.— See Reading Co. below.
Quarterly.— Earnings for the quarter ended June 30 were:
44,816
1,143
June SO—
Total
July
1,
June
$17,947,589
1901,
to
Jan.
<fco
Repairs
Extraordinary expen. at sheetmills...
Interest
Organization expenses
Property accounts, &o
1,
1900,
to
V.
$106,998
450,594
7,281
121,109
28,500
132,029
an.)
an.)
Surplus
Brought forward from prior year
Unappropriated profits
-V.
$817,068
substance
The company has executed Identical contracts -with each of the
packing companies doing business at Kansas City, St. Joseph, Omaha
and Sioux City, by which the packers agree to route over the Chicago
A ssets—
Plant,
etc
good
$
$
will,
22,961,309 22,447,420
Materials and sup-
:
$1,051,016
$669,291
1,110,417
$817,068
$310,436
799,979
$1,779,708
$1,110,415
Accounts and
4,483,456
3,770,209
784,374
38,476
35,217
427,631
1,114,280
49.823
78.936
525,722
bills
receivable
in adv'e
Miscellaneous
Payments
Cash
Total
—V.
June
June
30,
29,
lidl.
1902.
Liabilities—
$
$
Pref. stock issued. 8,398,600 8,3«6,6()0
Com. stock issued.15,441,800 15,441,600
Mortgage debt. .. 2,335,000
525 000
Bills pavable
2,134,457
Sundry creditors..
437.083
311.522
Res. for bad debts
66,593
Accrued interest..
38,917
Div. pay. July 1, '02
301,358
.
plies
.
.
Balance
1,7 79,'!
Total.
.28,730,466 27,986,390
07
1
,110,4
.
1
..28,730,466 27,988,390
74, p. 1359.
Cotton Yarn Co.
(lor the year ending June 28, 1902.
June
sheets of
28, 1902,
and June
29, 1901,
compare
as below:
BALANCE SHEETS JUNE
June
1902.
$
Assets—
Plait,
28,
good
June
28, 1902,
1901.
$
will,
etc
13,817,867 13,872,6"4
Improvements....
420,264
318,580
Material
raw, in
process and fin.. 3,450,655 3,818,565
336,i'68
4i?3.0f9
Acc'ts & notes rec.
Investments
15,950
15,950
—
Cash
Suspense
acc't....
AND JUNE
29, 1901,
June. 28,
29,
447,51-2
640,575
45,827
2,5113
Total
29,
1901.
Liabilities—
$
<
Preferred stock... 5,000,000 6,000,000
6.000. 000 5,000,000
First M. 5% bonds. 5,523,000 6,577 ,"0'
Notes payable
2,632,500 2,947,000
Accounts payable.
183,^ «3
63,555
Common stock.....
i
.
Suspense account.
Miscellaneous. ..
—V.
June
1902.
Taxes
int. due Aug. I....
Profit and loss
Improvem't acc't..
18,681,224 18,904,901
Total
24,931
115,063
158,784
34,475
9,009
44,'
66
116.188
163,890
2,502
18,681,224 18,904,901
73, p. 443.
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
65, p. 410.
Atlantic Coast Line
RR.— See
Louisville
&
Nashville
than those theretofore actually charged that they bore hard on the
paokers. For a short time these rates were maintained. Then the
paokers, by "shopping" between the different lines, throwing all their
business to one or two lines, etc., not only secured reductions in rates
to the former level, but in addition secured secret rebates, which were
illegal and subjected all concerned to possibility of Indictment and
imprisonment. The rebates ran from 25 to 50 per cent of the rates
collected.
Rebates were stopped by Injunction of United States Court in
March last. It was then neoessary to fix another method of making
rates. The paokers reported that the average rate paid by them for 1
years between the Missouri River and Chicago had been about 16
oentsperewt. They offered the roads a 15-per cent advance, or 18*4
cents per owt. The roads were ready to accept this rate, but the
Interstate Commeroe Commission had ruled that the same rate
must be made on live stock as on packinghouse produots. The rate
on live stock was 23 cents. The roads decided to make the rate 18*3
oents to July 1 and 23 cents thereafter. This 23-cent rate makes an
advance of 50 per cent over the average of 15 years. The Great Western deemed the advance too great to be maintained, and rather than
go back to the old rebate scheme deoided to make a regular published
tariff rate, as first
Annapolis Washington & Baltimore B.U.—Negotiations.—
See Baltimore Washington & Annapolis Electric Ry. below.
—V.
Great Western lines at least a certain percentage of the entire output
of their plants, at definite rates, for the term of seven years. The
rates are fixed at 20 oenta from the Missouri River to Chioago, which
is 25 per cent higher than the average of the last 15 years,, and at
lS 1^ cents on such products passing through Chioago, which is 15 per
cent higher than the average for the last 15 years. The bulk of the
business oarries the 20-oent rate, because the bulk of the products of
the Missouri River points Is shipped to Chicago. The aggregate revenue which these oontraots seoure to the Chioago Great Western Ry.
on the present volume of business is estimated to be $14,000,000, and,
if the business increases as rapidly in the next seven years as in the
past, approximately $2O,0OO,«jOO.
It Is probably safe to eslimate the aggregate sales of the paokers at
fully $700,000,000, more than half of which Is the output of the plants
at the Missouri River cities mentioned and is affected by the contracts.
The margin of profit to the paokers is extremely narrow, being only
about l ^3 per cent of gross sales in the case of Swift & Co., who alone
mane public reports. Henoe any material increase in freight rates
obliterates the profit untu such time as the paokers oan adjust their
business to the new conditions. The rates which were published when
the Inter-State Commeroe Law went into effeot were so much higher
New England
The balance
75, p. 289.
Central Pennsylvania & Western RR.- -See Susquehanna
Bloomsburg & Berwick RR. below.
4,000
Chicago Great Western Ry. Contracts.—President Stickney has sent to the stockholders a 4-page circular announcing
$823,016
the making of important contracts with Swift, Armour,
$1,127,504
and other leading packing companies. The circular sajs in
29,
1901.
75, p. 239, 183.
$126,123
467,097
29,064
166,792
29,940
BALANCE SHEET.
June
75,
Central of Georgia Ry.— Equipment Trust.— The cost of
the cars for which this company will issue oar trust notes,
referred to in our last issue, page 289, will be about $320,000.
$1,950,520
$846,511
$1,720,307
$587,762
463,254
Total
30,
surplus.
Canadian Northern Ry. Rolling Stock Bonds.—The Dominion Securities Corporation of Toronto has contracted to
purchase $1,000,000 of rolling stock bonds of this company,
(18 months.)
profits, after charging oost of
mat's, wages, salaries, selling exp.
taxes, oper. exp., bad debts, <ftc... $2,566,818
1902.
Balance,
found under -'Annual Reports" on a preceding page.-—V.
Gross
June
Interest,
taxes, etc.
p. 183, 28.
June 29, 1901.
80, 1902.
(12 months.)
.
Other.
income.
$1,599,764 $683,942 $108,503 $377,025 $415,420
327,401
730,767
5,894
409,260
1,535,176
1901...
The earnings for the fiscal year ending June 30 will be
National Enameling & Stamping Co.
(Report for year ended June 30, 1902.)
The results for the year ended June 80, 1902, compare with
these for the eighteen months ended June 29, 1901, as below:
Net profits
Dividends pref stock (7% per
"
com. stock (4% per
Net.
earnings.
1902
$17,947,589
of officers,
Gross.
earnings,
3 mos. end'g
75, p. 292.
Deduct—
Remuneration
ending June 30 will be found on a
p. 1354.
3d.—That the $300,000 bonds shall be declared valid.
4th.— That the other oredltors shall be nald 60 cents on the dollar
from the prooeeds of the sale before anything oan be paid on the
$320,938
$57,117
Total
—V. 74,
Buffalo Hamburg & Aurora Ry.—New Receiver, etc.— In
accordance with an agreement reached bv the creditors and
the bondholders, Justice Kenefick at Buffalo has ordered:
1st.— That Robert W. Day shall he appointed receiver.
2d —That Mr. Day shall proceed to sell the road.
$231,780
interest
One-fourth organization expenses
Replacement ana betterment of equipment
34:1
results for the year
preceding psge,
Deduct—
Balance (oredlted to
—5
THE CHRONICLE.
16, 1902.]
Outlook.— Market conditions continue encouraging, and with the
eoonomies of concentrated manufacture and distribution greatly reducing expenses, profits Independent of the revenues from the operation of the Central Iron & Coal Co. should be largely Increased.
The results for the fiscal year ending June 30, 1902, are:
Earnings from sales, less operating charges
$378,055
Bond
— —
7
RR.
above stated.
The contracts become effective at once as to the bu-iness
originating at Kansas City and St. Joseph and become effective as to the business originating at Omaha and Sioux
City as soon as the Great Western lines now under construction are completed to those cities. "These contracts, unlike
the 'maximum-rate contracts,' are legal and therefore enforceable in the courts." The agreement has unsettled rates
on packing-house products, dressed meats and live stock in
below.— V. 75. p. 134, 76.
Beech Creek RR.— New Line to New York.— See Reading the territory immediately affected, V. 74, p. 1037.
Co. below.— V. 69, p. 128.
Chicago & Western Indiana RR.— Called Bonds.— First
Boston Elevated Ry.— New Bonds.—The West End Street mortgage bonds of 1879 to a total of $118,000 have been
Railway Co. has asked the Massachusetts Railroad Commis- called for payment on Nov. 1 next at the ffice of J, P. Morsion for authority to issue $3,559,000 4 p. c. 30-year bonds gan & Co., New York, at 105, By the operation of the sinkdated Aug. 1, 1902, as follows: $3,000,000 to refund a lik6 ing fund the remaining $27,000 first mortgage bonds, all that
amount of bonds due Nov. 1, 1902, and $559,000 for additions will be outstanding after the above redemption, will be reand improvements made on the property by the Boston Ele- deemed Jan. 1, 1903.— V. 74, p. 629.
vated Ry. Co., from October, 1900, to March, 1901, inclusive.
Cincinnati New Orleans & Texas Pacific Ry.—First Divi—V. 75, p. 238, 183.
dend.— A quarterly dividend of 1% p. c. has been declared
Boston & Maine RR. Quarterly. — Earnings for the quar- on the preferred stock, payable Sept. 1 to stockholders of
record Aug. 25.— V. 74, p. 1251.
ter ended June 30 were:
Zmosend.
Gross
Net
Other
Balance,
Interest,
Coahnila & Pacific Ry.— Formally Opened.— The road was
June 30. earnings.
earnings.
income.
surplus.
taxes, etc.
1902
$8,048,044 $2,434,772 $198,678 $2,027,684 $606,766 formally opened from Saltillo to Torreon, Mex., 200 miles,
—
(
1901
7,760,943
2,317,312
178,958
1,997,165
499,105
on Aug.
12.
——
:
Officers.— The following directors
(and
officers) are
announced
A. W. Lilllendahl (President and aeneral Manager). J. J. Detwiller
of Jersey City, N.J. (Vice President), F. A. Lilllendahl (Trafflo Manager), J. D. Melville (Superintendent), T. 8. Abbott (Chief Engineer),
C. 8. Llng.-V. 73, p. 1263,
Ry. Dividend Increased. —The
company has declared a semi-annual dividend of 2 p. c. on
its first preferred stock, payable Oct. 1, to holders of record
Sept. 10. This increases the annual rate to the fall 4 p, o.
per annum, contrasting with 2 p, c. yearly paid out of
the earnings of the calendar years 1899 and 1900, and with
dividends at the rate of 3 p. c. yearly paid in October, 1901,
and April, 1902.— V. 74, p. 1355.
& Southern
Colorado
Columbus Sandusky & Hocking RR.— Sale.
— The
sale of
this road is advertised for Sept. 24 at Columbus, O. The
sale is under a decree of the U. S. Circuit Court at Cincinnati, foreclosing both mortgages, viz., the first mortgage of
$2,000,000 and the general mortgage, under which there are
about $7,500,000 of bonds outstanding. There are $1,056,000
receiver's certificates and about $65,000 of small liens, wbioh,
with costs of litigation, etc., will make the liens ahead of the
first mortgage nearly $1,300,000.
There is five years' arrears of interest on the first mortgage. The upset price fixed
in the decree is $3,750,000.— V. 74, p. 1308.
Delaware & Hudson— Albany & Susquehanna— New York
& Canada— Rennselaer & Saratoga.— Earnings of the D. &
H. leased lines in New York State for the six months ending
June 30 were:
<
6 months.
Gross
Alb.&Susq.
1
1902.
1901.
$2,125,852 |2,49t»,24i
941,342 1,303,543
612,664
629,284
3*8,578
679,259
Net
Charges
Balance
—V. 74,
,
N. T.
it
1902.
$540,845
211,184
l>-5,775
25,409
—
—
Can.
Kens. & Sar.
1901.
1902.
1901.
|5l7,2+i $1,243,646 $1,192,263
188,858
800,2lt
290.721
187,199
621,961
U17.767
1,154 df. 321,718 df. 32 7,046
,
,
p. 1088.
Denver & Rio Grande RR.— Listed.—The New York Stock
Exchange has listed §1,000,000 additional 4 p c. consolidated
mortgage bonds, making the total $32,050,000. The proceeds were used for the purchase of new locomotives and cars.
Earnings. The earnings for the eleven months ending May
31, 1902, including the Rio Grande Western Ry., were:
—
11 mos.
Qross.
1901-2.. $15,577,646
Net.
Oth. inc.
Charges.
$3,388,227
Bal., sur.
$6,029,254 $161,540
$2,802,567
surplus as above there was appropriated for the
D.
R. G. renewal fund $110,000; dividends on the preferred
stock at 5 per cent per annum call for $2 035,000, leaving net
surplus for the 11 months of $657,587.— V. 74, p. 576.
Des Moines Union Ry.— Lease Signed.—The contract for
the use of this company's terminals by the Chicago Burlington
Quincy RR. and the Keokuk
Western Ry. was
signed last week.
contract, it is said, has also been signed
by which the Das Moines Iowa Falls
Northern Ry., when
completed, will use the terminals. V. 70, p. 230.
Fair Haven & Westville Street RR., New Haven.— Strike
Over.— The employes who struck last week returned to work
on Aug. 9, all their demands having been granted, including recognition of the union. V. 75, p. 289, 77.
Gulf & Inter-State Ry.—Final Payment.— John H. Broocks
on Aug. 5 made the last payment of $65,000 on account of
the purchase of a controlling interest in this property. It
will probably be Sept. 20 before he is placed in actual possession, as reorganization must first be effected.
V. 74, p.
From the
&
&
—
THE CHRONICLE.
342
New
— —
,
&
A
—
&
—
—
1308.
Henderson Bridge Co.— Called Bonds— Thirty-one ($31,000)
mortgage bonds called for payment will be redeemed by
the Central Trust Co. of New York on Sept. 1 at 105.—V. 73,
first
[Vol.
LXXV.
—A
International Ry., Buffalo. -Increase of Stock.
certificate of increase of capital stock from $10,120,000 to $17,000,000 has been filed at Albany. See International Traction Co.,
page 19 of Street Railway Supplement, and V. 74, p. 427.
International Traction Co.
above.— V.
—See
International Ry. Co.
74, p. 427.
Long Island BB. —Another Atlantic Ave. Injunction De—J astice Dickey, in the Supreme Court at Brooklyn, on
nied
Aug. 9 denied the motion of R. W. Holmes, a tax-payer, to
restrain the city from paying its share of the improvement
of Atlantic Ave., Brooklyn.— V. 75, p. 135, 29.
—
Louisville & Nashville.— Rumor of Leasi, It has been
currently reported this week that plans are being matured for
the formation of a securities company that will lease the
Louisville
Nishvill a on a guarantee of 7 per cent on its
stock, and that tnis securities company will be jointly owned
by the Southern Railway, the Seaboard Air Line and the
Atlantic Coast Line. It is pointed out that such a plan would
not interfere with the independent operation of any of the
roads concerned, and would insure harmony among the impsrtant systems in the South without antagonizing the
statutes of the various States through which tne roads
run.— V. 75, p. 185, 135.
Macon Dublin & Savannah RB. Train Service to Savannah.—The company's first through train from Macon to
Savannah, it is stated, will be run on Aug. 17, the tracks of
the Seaboard Air Lirje Ry. being used from Vidalia east.
V. 73, p. 184.
&
Manhattan (Elevated)
Ry.,
New York.— Dispute
—The disagreement between tbe
Settled.
company and its engineers,
strike, was settled on Tues-
who have been threitening to
day. The following statement is made:
"Matters in dispute narrowed down to a question of nine hours a
day and a limit of ninety miles a day. Tne engineers waived the
question of a limit of nln r v miles a dav and the company conceded a
nine-hour day. An agreement was signed and the conference ended."
— V. 75, p. 135.
Metropolitan Street Ry. of Dallas, Tex.— Electric Light
Electric Co. below under " Industrials."
Plants— See Dallas
-V. 75, p. 135.
Metropolitan Street Ry., Kansas City.— Contract with
new ordinance or contract with the company,
which was ratified by the City Council on July 25, was signed
by the Mayor of the city and the officers of the company on
July 28. This ordinance (published in the Kansas City
City.—The
" World" of Aug. 5) provides that the company and its subsidiary corporations shall, beginning June 1, 1902, and so long
asthey operate under existing franchises, set aside each year
8 p. o. of the gross car and track earnings, and, having paid
therefrom all State, County and City school and municipal
taxes and licensee, shall turn over any balance of said 8 per
cent to the city. This provision, it is believed in Kansa3
City, will increase immediately the amount to be paid to the
city by §100,000 yearly. On its part the city grants to the
oompany franchises covering, it is said, substantially all of
the city not now covered by the street railway system, and
likely in the next few years to call for new street railway
lines.
In addition the company is confirmed in the possession
of its various franchises, the legality of some of which it
seems had been called in question. The company agrees to
change its remaining cable lines to trolley and to make
various extensions within a given time; also to grant universal transfers, but not so as to enable passengers to return
to their starting point.— V. 74, p. 988.
Milwaukee & Minnesota RR,
p. 960.
Bond
Suit Dismissed.
—
Judge Bunn
Indianapolis & Eastern By.—Bonds Offered. -Baker,
Ayling & Co. (successors to Montgomery Rollins & Co.) are
New
offering at 101 and interest $200,000 of this company's first
&
consolidated mortgage sinking fund 5 per cent $1,000 gold
bonds, dated July 15, 1903, and due July 1, 1927 (not subject
to prior redemption); semi-annual interest payable at the
New Orleans & Northwestern By.— Sale Sept. 6\—The
Mercantile Trust Co., New York, or the Central Trust Co. foreclosure sale is advertised for Sept. 6 at Rayville, Richof Indianapolis, Trustee. A circular says:
land Parish, La.— V. 73, p. 185.
The amount of bonds Issued ia $500,000, of which $300,000 are held
New York Ontario & Western Ry.— Double Track.— Work
by the trustee to redeem an equal amount of [underlying] bonds on
the division between Indianapolis and Greenfield. Total authorized has begun on the double-tracking of the 108 miles of road
issue of first consols, $1,000,000, of which $500,000 can only be issued
from Cornwall to Cadosio.— V. 74, p. 1039.
for extensions, under properly specified conditions. The net earnEarnings for the quarter ending June 30 were
Quarterly
ings of the road from Indianapolis to Greenfield (17 miles) alone are
in the Federal Court at Madison, Wis., on July
29, dismissed the suit brought by Albert F. Gunnison, Geo.
York to hold the
A. Bright and Howard J. Foraker of
St. Paul liable for certain 8 per cent
Chicago Milwaukee
bonds issued in 1864. See facts in V. 74, p. 427.
—
largely in exoess of the Interest charges on the entire lloe (as completed in June last) from Indianapolis to Kuightetown (30 miles).
Under an agreement with the Indianapolis Btreet Ry. C j. for the use
of its tracks and power the oars of this oompany are taken dlreotly
into the business district of Indianapolis. Tne road is laid with 70pound T rails. After five years a sinking fund begins to operate that
will provide for over one-half of the bonds before maturity, the fund
to be Invested by purohase, if possible, of bonds of this issue in the
open market at 105 and interest or less; otherwise in bonds legal for
Massachusetts savings banks. The underlying issue also carries a
sinking fund of about 4 per cent.
The officers of the company believe that the earnings will
be three times the interest charge. The bonds offered are a
first mortgage on that part of the road from Greenfield to
Knightstown and a first consolidated mortgage on the entire
property.— V. 75, p. 184.
Indianapolis Northern Traction Co.— Guaranteed Bonds.
Tne mortgage recently made to the Colonial Trust Co., as
trustee, secures $5,000,000 of 5 per cent bonds dated July 1,
1932, and due July 1, 1932, interest payable Jan. 1 and
July 1, at office of trustee. These bonds are guaranteed as
to principal and interest by the Union Traction Co, of Indiana (V. 75, p. 186, 186), and are to be issued on account of
th9 lines described in V. 74, p. 1251, 893.—V. 75, p, 134,
—
3 mos. end.
June
1902
1901
30—
Qross
earnings.
$1,101,691
1,45 7,456
:
Net
earnings,
Other
income,
$152,771
426,367
$52,740
132,646
Balance,
sur. or def.
$234,121 def.828,610
326,576 sur.232,437
Interest,
taxes, etc
The figures for the year ending June 30 will be found on a
preceding page.—V. 75, p. 1039,
Northern Securities Co.— President Hill's Forecast. -See
" Financial Situation " on a preceding page.— V. 75, p. 290,
240.
Omaha
Street Railway.— Pu rch ase.— J.
& W. Seligman &
Co. offer to purchase not less than 90 per cent of the outstanding capital stack ($5,000,000) at $90 par $100 share, conditioned upon the deposit before Sept. 1 (with right of extension till Oct. 1 at option of purchasers) of said 9 ) per cent
with the Colonial Trust Co., in the city of New York,
Co., in the city of Boston, and the
and Kidder, Peabody
large majorMerchants' National Bj,uk of Omaha, Neb.
The
ity of the shareholders have agreed to accept the offer.
purohase, it is reported, is made with a view to consolidating the coaipiny with the Omaha & Council Bluffs Bridge
Saburban Ry. comRy. and the Onaha Council Bluffs
panies.— V. 74, p. 938.
&
&
A
&
:
August
—
—
'
THE CHRONICLE.
16, 1902.]
343
18, 1902. At the same time there will be a cash payPennsy lrania & Mahoning Talley Ry.— First Dividend.— Monday. Aug.
from prooeeds of sales of United Railroads of San Francisco 4
ment
in
of
consolidation
May,
1903,
street
a
railcompany,
This
per cent sinking fund gold bond as follows 15 p. o. In oash to holders
ways, and other properties of Yoongstown, O., etc., ha9 de- of "full paid" reoelpts and 5 p. o. In oash and 10 p. c. "in aooount" to
clared a quarterly dividend of 1 4 per cent on the preferred holders of "90 p. o. paid" receipts, making these last full paid. For
of making this distribution, transfer books for the particistock payable Ang. 17 to holders of record Aug. 15.— V. 74, the purpose
reoelpts will olose at 12 M. on Saturday, Aug. 9, 1902, and will
:
1
pation
p. 1197.
reopen on Monday, Aug. 25, 1902.
Pittsburg McKeesport* Connellsville Street Ry.— Listed
in Pittsburg.— Tae Pittsburg Stock Exchange has listed the
$8,000,00^ of outstanding consolidated mortgage 5 per cent
bonds. The statement to the Exchange gives tbe following:
The lines of the company will be 120 miles in length when completed, and will oover the Connellsville coke region and the valley of
the Youghioeheny. Fifty-live miles of road now in operation show
earnings at the rate of $160,000 per annum. About 80 per cent of tbe
work neoessary to complete the remainder of the system has been
done. The capital stock Is $3,000,000 in shares of $50 each.
Lighting Co. below.
Control.— See West Penn Railway
&
—V.
74, p. 207.
Pittsburg McKeesport & Greensborg Ry.— Listed in Pittsburg —The Pittsburg Stock Exchange has listed the $1,000,000 of 5 p. c. bonds of 1901. The statement to the Exchange
shows that the company has about 22 miles in operation and
7 miles under construction, making a system of 29 miles in
all.
About three-fourths of the entire mileage is on private
right of way owned by the company. — V. 73, p. 33.
Officers a; d Directors.—The directors (and officers) are
Henry J. Bowdoln, Vice-President of the Maryland Trust Co. (President); W.G. Vermilye (Vice-President), P. Calhoun, Eugene Delano and
:
T. Mullally.
W. J. Duane is Secretary and Treasurer. The Mercantile
Trust Co. is Transfer Agent and the United States Mortgage
Trust Co. Registrar.— V. 74, p. 1039.
Telasco Brazos & Northern Ry.— Change in Control.
Control of this property, it is announced, has been sold to C.
C. Waller and E. P. Speers, and they have been elected, respectively, the President and the Vice-President and General
Manager. The new owners propose to extend the road 114
Santa Fe
miles, to a connection with the Atchison Topeka
Ry. in Grimes County. L. R. Bryan is Secretary, Velasco,
&
—
&
Tex.-V. 74, p. 207.
West Penn Railway & Lighting Co.— Holding Company.
—This corporation will be a holding company, and it is expected will eventually own the stock and some of the bonds
the Pittsburg McKeesport & Connellsville Ry. Co. (see
of
Presidio & Ferries RR., San Francisco.— Called Bonds—
above) and several other local lines, and all
The California Safe Deposit & Trust Co. of San Francisco that company
light companies in the more important places through
of
the
will pay on Sept. 15 the following bonds, viz.: Nos. 7, 11, 23,
which they pass, with the exception of McKeesport. Tbe
53, 73, 94, ICO, 111, 135, 141. -V. 74, p. 1253.
issuance of the capital stock and bonds of the West Penn
Reading Company.— New Freight Route Between Pitts corporation has not yet been made, nor will such issue be
burg and New York. A new freight route from New York made until later in the year. The bonds will be 5 per cent
to Pittsburg will be established Sspt. 1 over the Cen- gold mortgage and collateral trust bonds. While the capitral RR. of New Jersey from Jersey City to Tamaqua, Pa., talization has not been definitely fixed, it being dependent
thence over the Reading to Newberry Junction and over the upon the properties which may eventually be acquired, the
Beech Creek (New York Central) to Clearfield and thence understanding in Pittsburg is tbat it will be in the neighborover the Buffalo Rochester & Pittsburg to Pittsburg.— V. 75, hood of $6,000,000 of stock and $4,000,000 of bonds. Among
those interested are E. C. Converse (74 Broadway), C. M.
p. 186.
St. Charles Street RR., New Orleans.—Deposits.— The Schwab, James S. Kuhn and W. S. Kuhn and the Colonial
time within which stockholders may avail themselves of the Trust Co., all of New York.
proposition to sell their stock at $210 per share has been exWilkesbarre & Western RR.— Successor.— See Susquetended to Aug. 22. See V. 75, p. 291.
hanna Bloomsburg & Berwick RR. above.— V. 75, p. 186,
St. Louis & San Francisco RR.— New Line.— On Aug. 1 this
Worcester & Connecticut Eastern RR.— New Amalgamacompany formally took over the operation of the completed tion. — The Massachusetts Railroad Commission recently apportion of the Arkansas & Choctaw, viz., from Ashdown, proved the lease of the Worcester & Webster St. Ry. Co. to
Ark., toSoper, I. T., 99 miles.— V. 75, p. 291, 240.
the Webster & Dudley St. Ry. Co., and has been asked to
Seaboard Air Line Ry.— Option to Exchange Bonds.— sanction the leasing of the Webster & Dudley Street Railway
Vermilye & Co. and Hallgarten & Co. offer to holders of the to the Worcester & Connecticut Eastern RR. See page 90 of
collateral trust 5 p. c. gold bonds, which are payable on Oct. Street Railway Supplement.
1 next, the opportunity to exchange those maturing bonds
Worcester Railways & Investment Co. Authorized.— The
for an equal amount, par value, of the refunding collateral Massachusetts Railroad Commission has authorized the Wortrust 5 p. c. gold bonds due in 1911, on payment of $25 per cester Consolidated Street Railway Co. to issue $350,000 new
bond. Bonds surrendered are to oarry the coupon due Oct, stock at $116 per $100 share, for the purchase of real estate,
rolling stocfer, equipment, and building extensions. — V. 74, p.
1 next, the refunding bonds deliverable m exchange carrying
coupons due Nov. 1 next. Tbe offer of exchange is subject 939.
to withdrawal, and it is announced that a large proportion of
—
the bonds has already been exchanged.
The authorized amount of the refunding collateral trust 5
The bonds were issued in part to
p. c. bonds is $10,000,000.
pay for the Seaboard's interest in the Richmond -Washington
Co. and for other valuable property. The issue is secured
by deposit of $20,000,000 Seaboard Air Line first mortgage 4
Gross earnings of the Seap. c. bonds, selling at above 87.
board Air Line in the fiscal year to June 30 last were reported
as $11,579,815, an increase for the year of $650,764, or 6 p. c,
and net earnings, after taxes, were $3,435,596, an increase of
$626,9C6, or 22% p. c. above the earnings of 1901, the first
year of the operation of the consolidated system.
Burners
In cennection with the rumor referred to under
Louisville & Nashville, it is interesting to note that the Seaboard has come to be lecognized as an important factor in
all matters affecting the railway properties of the South.
Coal Traffic.— Reference to the possible connection with
the Detroit Southern and the coalfields of Obio, etc., will be
found under the caption South
Western Ry., on page 291
of last week's Chronicle.— V. 74, p. 1197.
—
&
INDUSTRIAL. MAS AND MISCELLANEOUS.
American Light & Traction
with
Co. Status.— In connection
to purchase the stook of the Consolidated Gas
Jersey (see "Industrials" below), the American
its offer
New
Co. of
&
Light
Traction Co. has issued a circular showing that
outstanding $8,554,400 of the $25,C0O,O00 6 p c.
cumulative preferred stock and $4,378,600 of the $15,000,000
common stock, and that the same was issued in exchange for
$1,917,600 cash and the purchase of the following amounts of
stock in controlled companies, viz.
there
is
now
Owned by Amer. Outstan&'g
Tot.st'k
Lt.
outst'd'g.
Western
Gas Co.
$4,0u0,000
G'd Kap. (Mich.) Gas Lt. Co. 1,000.000
Madis'n(Wis.)Gas&Elc.Co. 400,000
St. Joseph (Mo. Gas Co
1,000.000
St. Paul (MinnJ Gas Lt. Co. 1,600,000
Bineh'm'n(N.F.) Gas Works 450,000
(Mil.)
Southern (San Antonio,
Tex.) Light & Tract. Co.
x See
)
.
~
an nnn
1.805,000
& Trac.
bO'Oe^
97-56f.
90 782
97-69^
97'flOJ
93-78^
aa-t^a
96 3o%
Co.
bonds.
$6,000,000 V. 74,p.482.
1,8*5,000 V. 64, p. 668.
450,0001
See page
752,0001176
of
i
•
X3,883.000 f
528,000 J
IN-
VK8T0RS'
SUPPaEM'T.
S
also $7£0,000 St. Croix
Power
Co. guaranteed bonds, V. 73, p. 1014.
"The American Light & Traction Co. earned net for the
fiscal year ended June 30, 1902, $828,732, out of which it paid
in the way of a full year's dividend on its outstanding preferred stock (the amount above stated as outstanding was
Southern Ry.— Rumors.— See Louisville & Nashville RR.
above.—V. 75, p. 136, 78,
Susquehanna Bloomsbnrg & Berwick RR.— Successor not all outstanding duriner the entire year) the sum of $457,Company.—This company has been organized with $1,000,000 015, leaving a surplus for the year of $371,717, whicb is
capital stock (in $50 shares) as successor of the Central equivalent to about $>% p. c. on its outstanding common
Pennsylvania & Western RR., recently foreclosed. A first stock."—V. 75, p. 31.
mortgage has been made to Seth T. McCormick, as trustee,
Boston Steamship Co.
The company's
Operations.
to secure $150,000 of 5 p. c. $10,000 gold bonds, dattd Aug. 1,
steamship Tremont, of 12,500 tons capacity, recently com1902, and due Aug. 1, 1912.
President, J. Henry Cochran; pleted by the
Maryland Steel Co., left this port on July 28
Secretary and Treasurer, Chas. Cochran, Williamsport, Pa.
for Seattle and Tacoma, whence, with the sister sbip the
-V. 75, p. 186.
Shawmut and three boats of the Boston Towboat Co., she is
Sylvania (6a.) RR.— Sold.—This 15 mile road, all of to make reaular trips to the Orient under an agreement with
whose $33,000 bonds were owned by the Central Ry. of the Great Northern and Northern Pacific railroads.
Georgia, was sold under foreclosure at Sylvania on Aug. 5
Exchange of *tock.— It is proposed shortly to exchange the
and bought in for $10,000, presumably for the Central, by company's stock, $ for $, for shares of the Boston Steamship
Mills F. Lane, President of the Citizens' Bank of Savannah. Co.. which was granted a charter by the last Massachusetts
United Railways Investment Co. of San Francisco.— Dis- Legislature. This company will have authorized $755,000
tribution to Syndicate. Brown' Brothers & Co., as managers common aud $755,000 6 p. c. cumulative preferred stock, all
of the San Francisco Street Railway Syndicate, have sent out of which will be outstanding. The bonds will remain unchanged.— V. 72, p. 393.
the following notice
Notice is hereby given to holders of participation receipts in the
Calnmet Gas & Electric Co. of Chicago.— Increase of
above syndicate tbat the preierred and common stocks of the United Stock— Change
of Name —This company, incorporated early
Railways Investment Co. of San Franoleoo, to which they are entitled
under eyndloate agreement dated Feb. 17, 1902 (V. 74, p. 6il), will be in the year, recently certified to an increase of capital stock
distributed to those presenting their receipts at our offloe on and after from $5,000 to $500,000, and it is said will presently change
—
—
:
—
—
—
—
THE CHRONICLE.
844
[Vol.
LXXV.
name to the Calumet Lighting Co., its gas franchises hivThe offer is contingent upon deposit of the stock with the
ing been sold (see People's Gas Light
Coke Co., V. 74, p. Trust Co. of America on or before Aug. 15.
Control of the Harvey Water & Light Co. has been
1255)
The Consolidated Gis Co. supplies gas in Long Branch,
acquired (see that company below) through the medium of Asbury Park and Red Bink, and also owns the electric light
the new United Water & Light Co., whose $200,000 of 5 per plant at Long Branch, which furnishes electric light and
cent bonds are guaranteed. A Chicago paper says
power to Elberon, Branchport, Monmouth Beach, Seabright
The Calumet Company owns the plant at Chicago Heights and cov- and Eatontown. The company has outstanding $971,000 first
ers practically the entire eleotrlc-light field south of Chloago to the consolidated mortgage 40 year 5 p. c. gold bonds due in 1936,
Indiana State line. President Samuel Insullof the Chicago Edison part of
an issue limited to $1,000,000; Knickerbocker Trust
Co. and his associates are in control of the company. Mr. Insull and
Co., trustee.
In addition are outstanding $15,000 Long
his associates have also purchased the Waukegan Electric Light Co.,
the Highland Park Electric Light Co. and the Evanston Eleotrio Il- Branch Lighting Co. bonds, to retire which $15,000 cash is
luminating Co., the Highland Park plant serving the territory includ- deposited with the trustee.—V.
61, p. 871.
ing Lake Forest on the north and Olenooe on the sonth. This practically covers the eleotrio-light field north of Chloago as far as and
Consolidated Lake Superior Co.—Michigan Canal Com.'
including Waukegan, excepting the Yaryan plant at Evanston.
pleted.— The company has put in operation its Michigan
power canal. The " Philadelphia News Bureau" quotes an
Calumet, Lighting Co.—New Name. See Calumet Gas
officer of the company as follows :
Electric Co. above.
Tie new Miohlgan Lake Superior power eanal cost the company beCanadian Steel Co. Project Revived.—The plan mooted tween $4,000,000 and $5,000,000. Its 60,000 hydraulio horse power
two years ago for establishing under this title a $25,000,000 is about three times the capacity of the old canal on the Canadian
side, and there is a possibility for further development up to 225,000
steel plant at the mouth of the Welland Canal has been re- horse
power at some future time. We have already sold to outside
vived, and A. Macrobart Irving, together with W. P. Mitchell parties about half of its power capacity, or 30,000 horse power, which
is
enough
to pay the interest on the cost; the balance will be profit.
of No. 25 Broadest., is endeavoring to obtain underwriting
for an issue of $6,000,000 5 p. c. 20-year gold bonds. The Nearly all of this power already sold is taken by the Union Carbide
Co., which Is building works there. Besides this we have contracts
authorized capital stock is $18,000,001), of which $4,000,000 is with the street railway and electric lighting companies of Sau.lt 8te
Marie. and are negotiating hall a dozen other contracts.
non-cumulative preferred. See, also, V. 70, p. 1251, 1293.
Our steel plant, which will eventually represent an lnv«stmeut of
Child 8 (Restaurant) Company of New York City. Incor- some $5,OO0,O0O,ls now making a daily output of 240 tons of steel
porated. This "parent company" was incorporated in New rails. When the plant is oompletewe shall be able to turn out 550
York State about July 11 with $4,000,000 authorized capital tons a day. Our converter oapaoity at the top notch is now 1 ,O0O tons of
steel a day. Our two furnaces will not be completed for 90 days, and
stock, of which $1,000,000 is to be preferred. Directors:
in the Interim we are obliged to buy pig Iron; when these are In operaYork;
Richard
Chester,
T. Reed Harris, New
C. Luke, Brooklyn: Clifford H
tion we shall make our rails, from ore to finished product, out of our
Rutherford, N. J.; O. H. McMurtle, Belvidere, N. J.; C. L. Roberts. Basking own materials and by our own manufacture. Of course the fiso »1 year
Ridge, N. J.; L. A. Thompson, Summersville, N. J., and Luther Childs, Lyons, ended June
30, 1902, does not get the benefit of a dollar of earnings
N.J.
from the steel plant. The ore shipments up to Jane 30, however, were
were 210,000 tons, against about 169,000 for the entire season of 1901. and
Colonial Lumber & Box Corporation.— Status.—
recently informed that this company, which was incorporated the railroad gross receipts were roundly $900,000. against $300,000
the previous year. The outstanding preferred stook is. roughly, $24,in New Jersey in March last with $15,000,000 capital stock, 000,000,
upon which a full year's dividend at 7 per cent, which is the
of which $5,000,000 is 6 p. c. cumulative preferred (no bonds), rate paid, is 91,680,000. Although the year's accounts have not been
has arranged thus far to purchase ten concerns and is about made up, I may say that a considerable surplus beyond the amount
to acquire others. Archibald S. White of this city is Presi- required to pay the preferred dividend has been earned.— V. 74, p.
1254.
dent and W. T. Hunter Secretary and Treasurer.
Covington (Ky.) City Water Co. Municipal Plant.—The
Colorado Fuel & Iron Co.— Gates Interest in Control.— It Mayor of Covington has notified the company that the city
was announced on Wednesday by John W. Gates, J. J. Mitchell considers the contract between the city and the company to
and J. A. Blair that they had received proxies for 200,000 out be void and proposes to require the removal of the company's
of the total of 260,000 shares and would thus out vote the mains, pipes, etc., from the streets, the company having remanagement at the annual meeting on Aug. 20.
fused to go into further arbitration to ascertain the value of
Mr. Osgood's Statement. A letter from J. C. Osgood, the plant.
The city contemplates building independent
Chairman of the board of directors, to the company's stock- works, but the company will endeavor to enforce the existholders says in substance :
ing contract.
The present management has been connected with the company and
Cumberland Electric Light & Power Co., Nashville, Tenn.
its predecessor, the Colorado FaelCo..for more than twenty years,
and has built it up from a small coal-dealing company with $20,000 — Called Bo'ids,— Five first mortgage 6 p, c. gold bonds of
capital to Its present proportions. The management has paid off all 1892, viz., Nos. 94, 146, 163, 225 and 402, have been drawn by
arrears of preferred stock dividends and plaoed that stock on a per- lot for redemption at 104 p. c. and accrued interest on premanent dividend basis, has accumulated a large surplus for the com- sentation at the Atlantic Trust
Co., New York City, on Sept.
mon stockholders and resumed the paymont of common stook dividendb with the honest belief that the completion of the projeoted im- 1, 1902. -V. 73, p. 289.
provements at the steel works would insure a contlnuanoe of such
Dallas (Tex,) Electric Co.—Sale,— The company's property
dividends.
its
&
.
:
—
&
—
We
—
As a result of the disappointments in completing the new plants it was fold at receiver's fale on Aug. 5 for $300,000 to reprebecame necessary to discontinue the payment of common stock divi- sentatives of the Dallas Electric Light & Power Co., who are
dends. The opposition to the management falsely asserted that
said to be associated with A. K. Bonfa and the Boston capithe dividend was passed for stock-jobbing purposes. There was
one fact which, as a matter of polloy, the management could not talists who are back of the new Metropolitan Street Rv. (see
publish at the time, as one of the reasons for discontinuing the pay- V. 75, p. 135).— V. 75, p. 137.
ment of dividends, but which was a very important faotor in the sitDallas (Tex.) Electric Light & Power Co.—See Dallas
uation. Work on the improvements was and had been for nearly a
month practically at a standstill owing to a strike of the oontraotor's Electric Co. above.— V. 75, p. 137.
employes engaged in building, bridge and Iron construction, and there
Deering Harvester Co. See International Harvester Co.
was grave danger that the strike might extend to some or all of the
—
company's plant in operation.
We believe we can serve the stockholders by an intelligent and
honest management and produce results which will be the surest
basis on which to depend for an advance in the price of the stook.
Description of New Plant.— See illustrated article in " Iron
departments
Age"
of
of the
Aug.
14.
Listed.— The
New York
Stock Exchange has listed the
additional $3,000,000 convertible 5 per cent debentures,
mak-
ing total $12,069,000.
Earnings.— For the 11 months ending May 31, 1902, earnings were: Gross earnings, $12,562,545; net earnings (after
deducting $182,772 for expenses of management), $1,489,993;
other income, $110,169; total net income, $1,600,162; fixed
charges and taxes, $707,520; sinking funds, etc., $285,060;
dividend on preferred stock (7% per cent), §146,667; balance,
surplus, $460,915.— V. 75, p. 241, 187.
Columbus (Ga.) Water Works Co.— Proposition to Sell
Control.— In view of the feeling in the city against the company, Louis F. Garrard, a leading stockholder, has offered to
turn over his own stock and a majority of the company's entire stock (about $210,000) to a trastee for the oiry, provided
the city will enter into some arrangement that is satisfactory
to ihe bondholders. The authorized bond issue is $500,000,
of which about $400,000 is outstanding. Mr. Garrard says:
During the period of financial depression that followed the former
panic, when the income of the company was reduced to a minimum,
the bondholders voluntarily and without one dissenting voice reduced the interest from 6 p. c. to 5 p. c, and furnished additional
money to make the Improvements demanded by the oity. Admitting
for the sake of argument that the stockholders are entitled to no consideration, certainly the bondholders stand In a different situation
oity of Columbus.
toward the
Consolidated Gas Co. of New Jersey, Long Branch, Etc.—
Option to Sell.— The American L ght & Traction Co. (see
" Railroads" above), offers to purchase not less thau $750,000 of this company's $1,000,000 capital stock, paying therefor at the option of the holder per $100 share of stook:
;
Either (a) $17 cash per share, or
stook of the American Company, or
stook of the American Company.
(b)
(o)
$18 faoe value of preferred
$10 faoe value of common
below.— V.
75, p. 292.
Eastern Steel Co.— Mortgage.— This company, having purchased the plant of the Pottsville Iron & Steel Co. ("V. 73, p.
725) recently made a mortgage to the Real Estate Title Insurance & Trust Co. of Philadelphia, as trustee, to seoure $1,000,000 of 6 p. c. 20-year gold bonds.— V. 73, p. 785.
Evanston (111.) Electric Illuminating Co.— Sold.— See
Calumet Gas & Electric Co. above.
,
Fairmount
—
Park Transportation
Co.,
Philadelphia.—
Negotiations. The directors have under consideration two
offers for the control of the property, one, it is asserted,
being a cash offer of $35 a share.— V. 71, p. 8b8.
Great Northern Portland Cement Co.— Preferred Stock
The Indiana Investment & Adjustment Co. of
Indianapolis is offering at par for public subscription $100,000 of this company's $1,000,000 7 p. c. cumulative first preferred stock, par value $100; interest payable semiannually
January 1 and July 1; redeemable at par Jan. 1, 1905, or at
any interest-paying period thereafter. The company's common stock is 3)3,000,000, and its second preferred 7 p. c, $1,Assets, total valuation July 1, 1902, $2,625,000, in000,000.
cluding "buildings and machinery, $325,000; residence and
business property and lots in Marlborough, $3)0,000, and
6,200 acres in Late and Newago counties, Michigan, and
enough marl and clay to manufacture 12,000 barrels of
cement a day for 100 years, $2,000,000." The output by Oct. 1,
Offered.
—
The company
1902, it is stated, will be 2.000 barrels a day.
was incorporated in
Jersey in January. 1900. Officers:
President, George Anderson; First Vice-President, Charles A. Strellnger;
Seoond Vice-President, B. W. Yates; Treasurer, David OKlivle; Secretary.
A. Strelmger, D. Ogilvle and
Fred. E. Famsworth; Executive Committee,
I,. H. Foster.
New
C
General offices, 82 Griswold St., Detroit, Mich.
Harvester Consolidation.— See International Harvester
Co. below.
Harvey (111.) Water & Light Co.— Sale.— Granger Farwell & Co have arranged to sell this property to the United
Water & Light Co. (organized to operate the same) in ex-
August
—
:
:
—
'
THE CHRONICLE
16, 1902. J
345
change for $300,000 of 5 per cent 5-year bonds of the United tbe amount of 10 per cent of his holdings. The balance of
Company, gnrranteed by the Calumet Gaa & Electric Co. such authorized preferred stock will remain in the treasury
Holders of the outstanding Harvey Water & Light bonds are to be issued only in the future as the necessities of the com:
offered 101 either in ca9h or in United Water & Light 53 at pany may require. A circular says:
while the stockholders will get 77 in cash or United
& Light bonds at 90. See Calumet Gas & Electric
Co. above.
Indiana Water Co.—Sold,—See United Gas & Electric Co.
below.— V. 74, p. 1255.
International Harvester Co.— Consolidation.— This com
pany was incorporated at Trenton, N. J., on Aug. 12 with
$120,000,000 of authorized stock, all of one class, in $100
shares. If two-thirds of the stockholders vote to increase the
stock, such increase mast be common stock and the original
stock will become 6 per cent cumulative preferred stock.
There will be no bond issue.
The company has purchased the property and business of
the following leading concerns manufacturing agricultural
97}{,
Water
machines
Milwaukee Harvesting Co.
Piano Manufacturing Co.
Warder, Bushnell & Glessner Oo. (Champion).
The consolidation was arranged through the agency of J.
Co., two of whose members, George W. Perkins
P. Morgan
and Charles Steele, are on the board of directors. An official
statement says
Deering Harvester Co.
(see V. 75. p. 292).
McCormick Harvesting Maohine Go.
&
The oompany
is capitalized upon an exceptionally conservative
assets $80,000,000 are in oash working capital. The
oompany will require no financing and there will be no offer of its
stock to the public all the oash required having been provided by its
stockholders. The management will be In charge of men who have
for years been identified with the business. The oompany has five
fully equipped manufacturing plants in the United States— the largest
and most complete of their kind in the world— and one plant now in
process of construction In Canada. Through Its warehouses in various parts of the country it will be able to make the most eoonomioal
distribution of Its manufactured products. It also owns timber lands,
ooal, ore, blast furnace and steel properties, by means of which it
should be able to accomplish Important economies in the cost of its
raw materials.
basis.
Oi
it"
The officers and directors are :
Offioers.— Cyrus H. MoCormiok, President
Charles Deering, ChairExecutive Committee George W. Perkins, Chairman Finance
Committee Harold F. McOormlok, James Deering, William H. Jones
and John J. Glessner, Vice-Presidents Richard F. Howe, Secretary
man
;
;
;
;
and Treasurer.
Directors.— Cyrus Bentley, Paul D. Cravath, William Deering,
Charles Deering, James Deering, E. H. Gary, John J Glessner, Rlohard F. Howe, Abram M. Hyatt, William H. Jones, Cyras H. MoOormlck, Harold F. McCormlok, Stanley MoCormiok, Eidrldge M. Fowler,
George W. Perkins, Norman B. Ream, Charles Steele and Leslie D.
Ward.
Jamaica Plain Gas Co. Purchase of Stock.— See Massachusetts Gas Companies below.
Jeffersonville Electric Light, Heating, Gas & Coke Co.—
Sold.— See United Gas
Electric Co. below.
&
Marconi Wireless Telegraph Co.—In Operation—The
company announces that it is now prepared to receive and
transmit, through the various offices of tbe Postal Telegraph
Cable Co., messages to and from all vessels equipped with
this system.
Bee De Forest Wireless Telegraph Co. above.—
Referring to the annual reports of tbe
oompany
slnoe its organiza-
tion, It will be noted that the constantly continuing Increase and expansion of the business of the oompany has necessitated the enlargeto, and acquisition of, plants, as well as
an lnorease of working oapltal, all of which has been provided for
from treasury stock (reserved for such purposes), earnings and the
issue of the company's notes. This growth, with its increasing requirements, still oontlnues, and the directors believe that the best Interests of the oompany demand a still further increase of working
capital and further enlargement of and additions to plants, and In
their opinion this should be done by an issue of preferred stock, thus
obviating the neoesslty of borrowing further money or drawing entirely upon the earnings of the company for suoh purposes, and making possible in the future the appropriation of a portion of the
earnings of the oompany for the payment of dividends on the common
ment of, permanent additions
stock.— V. 74,
p.
628.
Peck, Stow & Wilcox Co.—Extra Dividend, Etc— At the
annual meeting in Southington, Conn., on Jnly 30, it was
announced that in addition to the usual quarterly dividend
of 2 per cent, payable Aug. 1, a special dividend of 3 percent
would be paid Aug. 15. The capital stock is $1,250,000 in $25
shares, all of one class; no bonds or debts of any kind: The
annual report, it is said, is the best rendered in fifteen years,
showing a large increase of business and profits. The company has plants at East Berlin. Plantsville and Southington,
Conn., and at Cleveland, O. During the past year the company added to its Cleveland business by purchasing the
Brittain & Matthew lock works at Pittsburg. Directors (and
officers) as re-elected are:
A R Treadway of Cleveland (President), Frank L. Wilcox of Berlin, Conn.,
(Vice-President); W. R. Walkley, S. H. Wilcox, M. C. Ogden, all of New York;
L. H. Treadway aud S. W. Sessions, Cleveland; Marcus H. Holcoinb and Marcellus B. Wilcox, Southington, Conn.
Edwin N. Walkley
is
Secretary
and Stephen
Walkley
Tinners' tools and machines, household utensils
and mechanics' tools are manufactured, the business having
been started in 1870 and incorporated in Connecticut in 1880.
Treasurer.
—V.
69, p. 81.
—
Pennsylvania Steel Co.— Bonds Authorized. The shareholders of the Pennsylvania Steel Co. of Pennsylvania on
Aug. 12 authorized the proposed issue of $7,500,000 5 p. c.
30-year gold bonds, secured by mortgage on the Cornwall
ore mines and furnaoe properties. The bonds are subject to
call at 105 and interest, but not more than $500,000 can be
redeemed at any one interest period. The issue has already
portion of the proceeds will be
been sold to a syndicate.
used for the erection of a coke plant at Lebanon. See, also,
A
V. 74, p. 1312.
Philadelphia Times Co.— Called Bonds.— The company's
first mortgage bonds will be paid at par, with interest from
June 1, 1902, to date of payment, on presentation to the Land
Title & Trast Co., Philadelphia, interest ceasing Sept. 10.
The paper was recently merged with ^the "Philadelphia Ledger."
Roanoke (Ya.) Furnace Co.— Sold.— At the auction sale
on July 81, under order of the United States Commissioner
of Bankruptcy at Philadelphia, the furnace and rolling-mill
V. 74, p. 1093.
Massachusetts Gas Companies.—Purchase. Messrs. Kid property as a whole was bought for a syndicate by Donald
der, Peabody & Co. have purchased at $200 per share in the Macleod of Philadelphia for $170,000.
interest of the Massachusetts Gas Companies (the proposed
San Antonio (Tex.) Water Works Co.— Increase of Stock.
successor of the New England Gas & Coke Co.) nearly the
The company has amended its charter, increasing its
entire outstanding minority stock (about $110,000) in the capital stock from $500,000 to.$l,000,000, preparatory to makJamaica Plain Gaslight Co.; payment for the same is being ing extensive improvements.
made by the National Shawmut Bank.
New Contract with City. The city and the company reNew Securities.— See New England Gas & Coke Co. below. cently entered into a ten-year contract for public and private
—V. 74, p. 1311.
water supply, the old contract expiring Aug. 1, 1903. The new
McCormick Harvester Co.— See Iuternationol Harvester contract is based on a report by Chester B. Davis, expert engineer of this city, and permits the company to charge rates
Co. above.
which will yiald it a profit of about 8 p. c. on the cost of the
Milton (Mass.) Water Co.—Sold to City.— See State and plant.
See "Engineering Record" of Aug. 9.
City Department on a subsequent page.
Schlesinger & Mayer of Chicago.—Mortgage.—This corNew Albany Water Co.—Sold.— See United Gas & Electric poration, with $3,500,000 capital stock, which last week
Co. below.— V. 74, p. 1255.
purchased the Chicago department store operated under the
New England Gas & Coke Co.— Purchase.—See Mas- same name, has made a mortgage to the American Trust &
sachusetts Gas Companies above.
Savings Bank, as trustee, to secure $3,000,000 sinking fund
New Securities.— The "Boston News Bureau" says
6 per cent 25-year gold bonds. The mortgage covers the buildThe delay in issuing the new securities is said to be due to the faot ings and leasehold
interest in the property at the southeast
that the reorganizes are desirous of effeoting a complete reorganization of all the Boston gas companies, and the "Coke" plan will perhaps corner of State and Madison streets, 141 to 147 Wabash
not be officially declared operative and the new securities issued until Avenue and 1453 to 1457 State Street, Chicago. The old
Messrs. Kidder, Peabody &, Co. know where they stand in connection building will be
torn down and a twelve-story structure will
with the Bay State Gas oompanies.
—
—
—
:
the Boston United Gas first and second
bonds have been deposited under the oall for deposits. It Is the
generally accepted theory that the first series bonds will be paid off in
oash at par and that the second series bonds will receive 10 shares of
Massachusetts Gas preferred stock for each bond. The next step will
be foreclosure of the properties, and this Is where it is feared there
may be opposition from the Addloks or Content party. Mr. Addioks
has announced his intention of forming a strong reorganization oomIt is said that praotioally all
series
its place.
The officers are: Henry Siegel,
President; David Mayer, Vice-President; Frank E. Vogel,
Treasurer; B. F. Schlesinger, Secretary.
be erected in
Union Electric Light, Heat & Power Co., St. Louis.—
Bonds Authorized. — The shareholders on Aug. 11 authorized
the making of the proposed mortgage for $10,000,000 bonds,
mittee to look after the Interests of the Bay State Gas Co. of Dela- of which $4,000,000 will be issued at once through the Missisware stockholders, but, so far as oan be determined, he has taken no sippi Valley Trast Co., most of them having already
steps towards this end. Content & Co. control about 1,000.000 shares been subscribed
for.
Office, 10th and St. Charles streets, St.
of Bay State Gas Co. of Delaware, but it is not believed that either the
Addioks or Content interests are especially desirous of securing the Louis.—V. 74, p. 1312.
Bay State Gas properties in Boston.— V. 75, p. 189.
United Fruit Co. To Supply English Markets.— Under its
Omaha (Neb.) Water Co.— Extension of Franchise.—The contract with tho Elder- Fiffes Co., tbe United Fruit Co.
Council of South Omaha recently granted the company an agrees to load the former's vessels with bananas at cost, reextension of its franchise from Oct. 17, 1904, for 10 years.— ceiving in return 25 per cent of the profits from the sale of
V.
73, p. 1211.
Otis Elevator Co.— Increase of Stock.—The shareholders
will vote Sept. 8 on a proposition to increase the authorized
preferred stock to the amount of $2,000,000, sufficient thereof,
to wit: $1,090,000, to be offered to the stockholders, each
stockholder to have the right to purchase the same at par to
the fruit in England. In other words, witbout outlay of
capital, the United Company will obtain an English market
for a very large amount of fruit, President Preston estimat-
ing the immediate
demand
at 5,000,000
bunches annually.—
V. 75, p. 81.
XW
For other Investment Sews
see
Pases 347 and 34S.
:
THE CHRONICLE.
346
Ijeptfrls
[Vol.
LXXV.
uu& ^otnmmts*
BUFFALO ROCHESTER & PITTSBURG RAILWAY COMPANY.
SEVENTEENTH ANNUAL REPORT— FOR THE YEAR ENDING JUNE
The Directors of the Buffalo Rochester
&
Pittsburg Railto the Stockholders the following report for the year ending June 30, 1902
way Company submit
:
KOAD OPERATED.
Owned
Leased
Trackage rights
Total length of road operated
Second track (owned)
Second track (trackage rights)
all
1901.
Miles.
284-29
87*45
100-34
284-29
87-45
100-34
472-08
17-00
472-08
13-96
Increase,
Milet.
20032
185-82
763-73
671-86
91-87
74 33
,
steel rail
There was no change in the mileage of road operated.
The tracks were increased by 3*04 miles of second track,
74-33 miles of second track on lines over which the company has trackage rights and 14 50 miles of sidings.
INCOME.
1902.
$6,313,246 12
3,632,004 72
Gross earnings
Operating expenses
Income
Net income.
Increase.
1901.
$5,830,618 42
3,277,176 00
$482,627 70
354,828 12
$2,681,24140 $2,553,44182
$127,799 58
Applied to payments of
interest, renta s and sinking funds
1,406,97643
1,338,003 57
68.972 86
$1,215,433 25
$68,826 72
$39,56175
$29,856 10
$9,705 65
544,000 00
500,278 05
43,721 95
$1,274,264 97
Deduct:
expenses
Extraordinary
and improv ements
Special appropriations for
construct'!!
and
equip't..
Total
$583,56175
$530,134 15
$53,427 60
Surplus of income
$690,703 22
$685.304 10
$5,399 12
Interest and sinking fund payments were increased by
the requirements of $674,000 four and one-half per cent
twenty -year equipment gold bonds, Series C, issued during
the year, and the additional rental of the Allegheny &
Western Railway.
The item '-Special Appropriations" represents the principal
of all car trust bonds paid off during the year, amounting to
$128,000, and the entire expenditure for construction on the
line owned and on proprietary roads, with the exception of
$220,271 43 transferred to the debit of Profit and Loss
Account.
DIVIDENDS.
Dividends were paid on
Preferred stock
Common
stock.
Total
1902.
6%
4%
1901.
$360,000
240,000
6% $360,000
2% 120,000
$600,000
$480,000
Increase.
2%
$120,000
$120,000
Since the close of the fiscal year yonr Board of Directors
has declared dividends of three per cent on the preferred
stock and two per cent on the common stock, payable August 15, 1902.
CAPITAL STOCK.
The capital stock of the Companv, as shown in this year's
amounts to $12,000,000, and consists of $6,000,000 of
preferred stock and $6,000,000 of common stock.
At special meetings held in November, 1901, the stockreport,
authorized an increase of $3,000,000 of common
this additional stock $1,000,000 was issued July
1, 1902, in exchange for the same amount of convertible
debenture bonds canceled.
This additional stock will appear on next year's Balance
Sheet.
holders
stock.
equipment delivered. This agreeement provides for a sinking
fund equal to five per cent per annum on the bonds issued,
to be paid over to the trustee on the first day of November
in each year, to be invested in bonds of this series at or
under par; otherwise this fund, or any unused balance, is
to be applied to the purchase of rolling stock to be pledged
under this agreement as additional security.
The net result is an increase of $546,000 in the bonded debt
of the Company.
CONSTRUCTION.
3-04
74-33
14-50
Sidings
Total miles of track,
except 10 miles.
1902.
Miles.
30, 1902.
Of
BONDED DEBT.
During the year $128,000 of car-trust bonds were paid and
canceled.
$20,000 of general mortgage five per cent bonds, reserved
for the redemption of underlying bonds, were aoH to replace
a like amount of Perry Railroad Company first mortgage
seven percent bonds, paid and canceled June 1, 1902.
An agreement was made with the holders of the outstanding $1,000,000 of the five per cent debenture bonds, by
which the rate of interest on these bonds was reduced to
four per cent per annum from January 1, 1902, and the
bonds made convertible into the common stock of the Company at par. The balance of $2,000,000 debenture bonds
bearing four per cent interest per annum, authorized in
1897, and still remaining in the treasury unissued, were
made redeemable on the same terms.
To provide for additional rolling stock, an issue of $1 ,000,000 four and one-half per cent twenty-year gold bonds was
authorized, to be secured by new equipment costing $1,100,000.
These bonds are being issued under an agreement
known as "Equipment Agreement, Series C," dated May 1,
1901, of which $674,000 have been sold to meet the cost of
All the expenditures for construction were charged
against net income, excepting $220,271 43, transferred to the
debit of the Profit and Loss account. The items aTe as fol-
lows
Land and land damages
Reducing grade at West Seneca, N.
:
Y
Ave bridges, two-thirds cost
Four new bridges, one-fourth cost
New culverts and abutments
New station at Le Roy, N. Y
Filling
New
stations at other points
at DuBois, Pa., and equipment
New vard and buildings at S. B. Junction, N. Y
M. Junction,
Second track, Askfoid, N. Y., to C.
Sidings and yard extensions
New shops
&
&
Pa
Sundry items
$43,153 02
1,800 16
7,699 85
3,951 34
24,437 59
7,055 97
4,896 35
305,828 82
52.033 47
90,940 21
88,900 68
5,573 97
$636,271 43
Total
The main locomotive shops at Du Bois, Pa., were opened
on Nov. 4, 1901. They have facilities for making heavy repairs on twelve locomotives per month.
The new yard and improvements near Salamanca, N. Y.,
are rapidly nearing completion. The total cost, including
the land purchased, will approximate $150,000, of which
$106,022 52
was disbursed
this year.
having reached the limit of economical operation on a single track, the construction of a second track
was authorized on the congested divisions, and a considerable amount of the grading and bridging was done this year.
The
traffic
EQUIPMENT.
There was expended for new rolling stock as follows:
Fourteen locomotives
One milk car
KUht hundred & twenty-five freight cars.
Fitty ballast oars
One steam wrecking crane
Twenty- six Company's service cars
Air brakes and other betterments
31
94
96
15
10,9 17 70
6,360 87
$212,753
938
624,959
42,784
6,838 13
$905,583 06
Of the above equipment, the milk car, thirteen freight cars and seven Company's service
cars were built at the Company's shops.
The account was credited for equipment sold
or destroyed, with the following items charged
to operating expenses:
Six locomotives
One baggage car
One hundred and twenty- two freight cars.
Eighteen Company's service oars
$44,054 92
4,164 36
46,619 59
4,34692
The account was further credited
for car trust bonds paid off during
the year, charged to net income:
128,000 00
Freight cars
Also with the amount of the sinking funds under equipment agreements Series A, B and C, invested
in the purchase of rolling stock:
77,096 71
Freight oars
304,282 50
Making a net increase
$601.300 56
of
PASSENGER EARNINGS.
rate received per passenger per mile decreased 35-1000 of a mill, being 2 35-10U0 cents, as compared
with 2 70-1000 cents a year ago. The average distance each
passenger was carried increased 5 18-100 miles, being 39 45100 miles, against 34 27-100 miles last year.
1,052,308
Passengers carried 1902
1,002,677
Passengers carried 1901
The average
An increase
of
495 percent,
or
49,631
The average number of passengers carried one mile, per
revenue train mile, was 43, being 8 more than in tln> preceding year.
The result was a gain of $141,750 42 in gross passenger
earnings, due in part to the Pan-American Exposition business.
FREIGHT EARNINGS
The average rate receivea per ton per mile deoreased 041
of a mill, being 505 mills, as compared with 5'46 mills last
year.
The average distance each ton was hauled increased 17'M
miles, being 146-38 miles, against 12932 miles a year ago.
—
AUGUST
:
THE CHRONICLE.
16, 1902.
The revenue tonnage moved was:
Bituminous coal
Coke
Other freight
-
1902.
4,655,783
1901.
4,590,527
615,270
1,663,306
553,050
1,627,470
65,256
62,220
35,836
6,934,359
6,771,047
163,312
Increase.
to a strike of the miners, many of the collieries
for a period of 16 days, from April 1st to 17th,
1902.
It is estimated that, in consequence, the coal and
coke tonnage of this year was reduced 250,000 tons.
There were increases in the tonnage of all commodities
excepting anthracite coal and products of the forest.
The result was a gain of $356,285 65 in gross freight
earnings.
Owing
were
,
idle
EXPENSES.
Operating expenses, excluding extraordinary expenses
and improvements, increased 10'83 per cent.
The operating ratio increased 1-32 per cent, being
#
:
Maintenance of way
Maintenance of equipment.. 13 -23
Conducting transportation. .33 61
2-22
General expenses
57-53
Totals
1901.
11-91
1310
32-20
32-57
2-31
2-05
1899.
10-10
15-42
36-08
2-61
5621
5763
64-21
979
1900.
9 91
of Directors had resolved to issue, at par, $1,300,000 additional common capital stock. The proceeds of $800,000 of
this stock will be used to pay for the construction of a
branch about 28 miles long from a point on the main line
near Punxsutawney to McKees, Indiana County, Pa., leaving $500,000 for future extensions. Since then the Board
has thought it advisable to further extend your system,
about 38 miles, to reach coal lands near Vintondale, Pa.,
controlled by the Lackawanna Steel Company of Buffalo.
Of this additional extension, 18 miles to Black Lick Station on the Indiana Branch of the Pennsylvania Railroad
is
to
be constructed by your
cost of $560,000,
Company
at an estimated
into
and an agreement has been entered
with the Pennsylvania Railroad Company for trackage over
the remaining 20 miles from Black Lick to Vintondale. It
is expected that the branch will be completed in 1903.
CLEARFIELD & MAHONING RAILWAY COMPANY.
57-53
per cent, against 56 21 per cent last year.
The percentage of each group of operating expenses to
gross earnings for the past five years is as follows
1902.
8-47
347
1898.
11-68
16-11
33-55
2-51
63-85
The Beech Creek Extension, New York Central & Hudson
River Railroad Company, lessee (a line of easy grades)
from Clearfield, Pa., via Keating, Pa., to a connection with
the Philadelphia & Reading Railway, is completed.
By a traffic contract entered into for a term of 25 years
your Company has the right to use this new line as another
outlet for the interchange of traffic of all kinds to or via
the Reading Company's system.
ALLEGHENY & WESTERN RAILWAY COMPANY.
•04 of
On March 20, 1902, $150,000 of the guaranteed stock of this
company was sold for $211,550, of which $183,122 04 was
ago.
used to pay for construction, principally additional terminal
facilities at Allegheny and New Castle, Pa., and $28,427 96
remain to the credit of the Allegheny & Western Railway
Company to be absorbed by further construction expenses.
The average
cost per ton per mile was 2-76 mills, being
a mill less than last year.
The average number of tons carried one mile per revenue
train mile, excluding the mileage of helping engines, was
increased by 18*01 tons, being 423-61, against 405-60 a year
The average number of tons carried one mile per freight
engine mile, including the mileage of helping engines, was
increased by 8 tons, being 353, against 345 a year ago.
The non-revenue traffic, not included in any of the figures
of this report,
was
as follows:
Number of passengers
Number of passengers carried one mile
Number of tons
Number of tons oarried one mile
128,874
6,093,817
632,772
50,467,294
PROPRIETARY ROADS.
of the railroad law of New York a
with the Secretary of State certifying that
all the stock of the Perry Railroad Company and the Lincoln Park and Charlotte Railroad Company had been transferred to your Company. In consequence the said companies have ceased to exist.
The accounts of this year have been adjusted accordingly.
Under the provisions
paper was
a circular dated July 23, 1902, the stockholders were
advised that, for the purpose of reaching coal lands which
have been acquired and are being developed in the interest
of the Rochester & Pittsburg Coal & Iron Company and
the Jefferson & Clearfield Coal & Iron Company, the Board
New Albany and JeffersonInd. Purchase. This company has purchased for a
sum reported as $250,000 the New Albany Street Railway.
The properties now controlled are as follows:
United Gas & Electric Co. of
—
New Albany 8treet Ry. Co., New Albany Gaslight & Coke Co., New
Albany Light, Heat & Power Co., New Albany Water Co. (V. 74, p.
1254). Indiana Water Co. (V. 74. p. 1255), Jeffersonville Electric Lighr,
Heating, Gas & Coke Co. and Jeffersonville Light & Water Co.
The Jeffersonville Light & Water Co. was to be bid in at
the receiver's sale on Aug. 9. After payment for all the
aforesaid properties, the United G-as & Electric Co. will have
outstanding all of its $1,000,000 capital stock ($100 shares)
and $400,000 of its $750,000 bonds. See V.74, p. 1256.
Dew line to be known as the Jeffersonville New Albany
Sellersburg Electric Ry. will, it is stated, be built in the
interest of the United Gas
Electric Company to connect
the cities of New Albany and Jeffersonville.—V. 74, p. 1256.
A
&
United Gas Improvement Co.— Output.
—The statement of
gas sold in the city of Philadelphia for the quarter ending
30, 1902, as filed in the Comptroller's office, shows out-
June
put, etc., as follows:
Cubic feet gas:
8 months
6 months
6 months, gross revenue
Of which the city receives
—V.
1902.
1,224,122,860
2,627,994,910
$2,627,995
262,799
1901.
965,293,690
2,237,538,490
$2,237,588
223,758
75, p. al.
United States Cotton Duck Corporation.—Interest on Incomes Cumulative.—The Mount Vernon-Woodberry Cotton
Duck Co. has receded from its demand that the warrant
calling for payment of the dividend passed six months ago
on its cumulative income bonds must accompany that to be
paid Aug. 15. While not questioning the cumulative feature,
the company thought it wiser to take up the unpaid warrant,
but the Baltimore Stock Exchange interfered. The position
of the company was fully stated in an advertisement published in the " Baltimore Sun" of the 12th inst.—V. 75, p.
294, 247.
United States Mortgage & Trust Co.— Bonds Offered.—
i3 offering at par by advertisement on another
This company
&
of the Rochester
Pittsburg Coal
Iron
for the fiscal year amounted to $228,205 07, out of
which dividend No. 7 of 2% per cent was declared, and the
* mount, $100,000, credited to your Profit and Loss Account.
The above surplus was arrived at after deducting from net
earnings $116,033 93 principal of bonds paid off and $216,782 04 expended for mining machinery, buildings, equipment, development of mines and sundry miscellaneous
items.
The
assets in
FIRE INSURANCE FUND.
this fund were increased $6,574
10
during the
and now amount to $77,117 28, in interest-bearing
securities and cash.
The acknowledgments of the Board are renewed to the
officers and employes for their
faithful and efficient
year
services.
By
Tille,
&
The surplus
Company
filed
INDIANA BRANCH.
&
ROCHESTER & PITTSBURG COAL & IRON COMPANY.
Statements and statistics of the operation of
for the year are submitted herewith.
By order
your road
of the Board,
ARTHUR
G.
YATES,
President.
page $1,000,000, Series N, first
bonds, dated Sept. 1, 1902, and
to call on Sept. 1, 1907. These
with trustee of first mortgages
mortgage trust gold 4 p. c.
due Sept. 1, 1922, but subject
bonds are secured by deposit
on improved city real estate,
and are further a direct lien on all the assets of the company.
Further particulars respecting the loan and the property
covered will be found in the advertisement. V. 75, p. 81.
—
United States Shipbuilding Co.—In Possession.—The company was formally organized on Aug. 11 and has taken possession of its constituent properties, payment for the same
having been duly completed. The capital stock has been increased from $20,000,000 to $45,000,000, of which $20,000,000
is 6 per cent non-cumulative preferred; par value of shares,
$100. In addition,
to the original block of $16,000,000
first mortgage bonds there will be issued a "collateral and
trust mortgage" for $10,000,000, secured by the deposit with
the New York Security
Trust Co. of 300,000 shares ($15,000,000) of Bethlehem Steel Co. stock and $10,000,000 of that
company's bonds. The new bonds will be 5 per cent, F.
A.,
and mature Aug. 1, 1922. It Is reported that these bonds, together with $8,000,000 in preferred and the same amount
in common stock, represent the cost of the Bethlehem Steel
Co. (See V. 74, p. 1258, 1312.)
Daniel Le Roy Dresser, President of the Trust Company of
the Republic, says
The business of organization will begin at onoe by concentrating in
different yards different types of vessels and Introducing eoonomles
whioh ought to result, in inoreased profits. Taking into consideration
the fact that a battleship can be built by the company In the shortest
possible time, there is every promise of Inoreased business and the
future of the company ought to be assured. There have been no negotiations whatever between Vickers, Sons & Maxim and the United
&
&
States Shipbuilding Co.
Lewis Nixon said
:
put Amerioan shipbuilding establishments upon such
a basis that we can build foreign ships here. The United States Shipbuilding Co. can make proposals for a oomplete vessel— armor, guns,
forglngs, maohinerv and hull. No other plant, either here or abroad,
oan do this, although some do produce ship and guns. The company
i^ building the largest cargo-carrying steamers in the world and has a
fleet in course of construction of the value of $37,000,000
the total
oontraots in hand aggregate $50,000,000.— V. 74, p. 1312.
Our desire
is to
;
/
A
THE CHRONICLE.
348
United States Steel Corporation.— Distribu ti on to SyndiJ. P. Morgan & Co. on Wednesday made a third dis-
cate.
—
tribution (V. 74, p. 1042) of $10,000,000 to the members of
the syndicate which underwrote the plan for organizing the
company, making 130,000,000 thus far paid as profits. Only
$25,000,000 of the $200,000,000 subscribed was paid in, and
this was returned last November (V. 73, p. 1187.)— V. 75, p.
195, 139.
United Water
6 Light Co.
&
Light Co. of Illinois.— See Harvey Water
above.
U. S. {not United States) Cigar Co.—This company was
incorporated in Delaware on July 26 with $6,500,000 authorized capital stock (iu $100 sbares), of which $2,500,000 is
7 p. c. cumulative preferred, to amalgamate the following
concerns, whose annual product is said to be about 280,000,000
of stogies, cheroots and cheap cigars:
CollinB Cigar Co. and Zeugschmidt Bros., of Pittsburg; the UnionAmerican Cigar Co., M. Brllles <fc Co. and W. W. Stewart Co. of Allegheny; E. W. SwiBher Cigar Co., Columbus, O.; W. W. Blake, Altoona,
Pa., and I. Brudno & Sons, Cleveland, O.
The present stock issue will be $2,470,000 of common and
$1,405,000 of preferred. In addition there will be outstanding $985,000 of an authorized issue of $1,500,000 first mort
gage and collateral trust 6 p. c. $500 bonds, dated Aug. 1,
19l)2.
These bonds will be due in 25 years, but subject to call
at option of comoany from Aug. 1, 1905, at 105 in amounts
not to exceed $100,000 yearly; after Aug, 1, 1907, the entire
issue, or any part thereof, will be subject to call at 110
Beginning Aug. 1, 1904, a sinking fund of $25,000 yearly,
payable abead of dividends on the preferred shares, is provided for the protection of the bondholders. The interest will
be payable by the Security Trust & Safe Deposit Co. (the
mortgage trustee), Wilmington, Del., and by the Central
[be
[Vol.
LXXV.
Jpmes.
Ctotmttjerdisl
COMMERCIAL EPITOME,
Friday Night, Aug. 15, 1902.
for business in most lines of trade is reported
as being of very satisfactory promise. The advices from the
interior show that Western merchants quite generally anticipate a heavy demand for merchandise, and that they are now
placing orders for goods quite freely. The basis of the general confidence is the favorable harvesting returns.
The
The outlook
monthly report issued on Monday by the Agricultural Bureau
showed that good crops of wheat and oats were assured, and
that present indications are for a record breaking yield from
the corn crop. Advices from the South also have reported a
healthy condition of business and the present outloook is reported as favorable for a large cotton crop. Exporters have
een fairly heavy buyers of wheat freer offerings of " future " bills of exchange against shipments of grain and cotton
to be made later in the year have resulted in a sharp break
in the rate of sterling exchange and have removed for the
present.'the possibility of gold shipments abroad.
The activity in iron and steel for 1903 delivery nas continued.
The
production of pig iron for July showed a decrease, due largely to the strike of the anthracite coal miners
Lard on the spot has been quiet, both exporters and refiners holding off, and as there has been increased pressure
from packers to sell, prices have weakened. The close* was easy
at 10 45c. for prime Western and 10@10'20c. for prime City.
Refined lard has had only a small hand-to-mouth sale and
prices have been easier, weakening to 10'75c. for refined for
t
;
Speculation in lard for future delivery at
the Continent.
and the Western market has been fairly active. There has been
fairly free selling for January delivery, based on the favordirectors are:
able prospects for the corn crop. The close was easier.
President, Chas. M. Logue; 3 st VicePres., Edward M. Brash; 2d,
DAII.Y CLOSING PBIOBS OF LABD FUTCBBS.
Vlce-Pres., Samuel Bailey Jr.; Treas., Edwd. W. Swisher; Secretary,
Fed. T/iurs. Fri.
W. D. Sharpe.
Sat.
Hon. Tuet
10-85 1077 10-S0 10-70 10*53 10-45
Directors.— G. B. Hanford, Frank L. Arnold and Charles Sternbaoh August.
of New York; Frank Taylor of Wilmington, Del.; Samuel Bailey Jr., C.
Pork has been easier and a limited jobbing business has
M. Logue, E M. Brash, G. W. Eisenbeis, W. D. Sharpe, E. A. Kl*zbeen transacted locally at the lower range of values, closing
miller, W. 8. Dalzell and A. D. Zeugschmidt of Pittsburg, and W. W.
Blake of Altoona, Pa.
at $17 75@18 75 for mess, $30 00@20 25 for family and $19 00
Hanford & Stallknecht, 25 Broad St., this city, are manag- @21 00 for short clear. Cut meats have been quiet and uning the financial end of the consolidation.
Tbey deny the changed at 8%@9}4c. for pickled shoulders, ll}.£@12c. for
report published by a Pittsburg paper to the effect that the pickled hams and llj^@12c. for pickled bellies, 14@10 lbs.
authorized capital stock has been or will shortly be increased average. Beef has been dull and unchanged at $12 00@14 00
for mess, $15 00@ 15 50 for packet, $15 50@16 50 for family
to $15,000,000. The company's office is in Pittsburg, Pa.
and $23 75@24 00 for extra India me3s in tierces. Tallow has
Virginia Iron, Coal & Coke Ho.— Readjustment Plan.
Stearines
plan for the readjustment of this company's finances has been dull and the close was easy at 6^£c.
been prepared by a committee consisting of Messrs. L. P. have been neglected and nominal quotations are 12^£c. for
Morton, E. J. Berwind, Grant B. Schley and Henry K. lard stearine and 13>^c. for oleo stearine. Cotton-seed oil
McHarg. It is proposed to offer the bondholders the privi- hasjbeen quiet and uncnanged at 42c. for prime yellow. Butlege of subscribing ratably at par to an issue of $2,000,000 terjhas been in fair supply and the lower grades have dragged,
Cheese has been quiet
five per cent 100-year first mortgage gold bonds secured on closing at 16>£@20^c. for creamery.
for State factory, full cream.
closing
and
easier,
at
8?^@9%c.
the Virginia & Southwestern Ry. and guaranteed by the Virginia Iron, Coal & Coke Co., which owns all the railway Fresh eggs have been in .fair demand and steady, oloaing at
20o. for choice Western.
company's capital stock.
Brazil grades of coffee have been more freely "offered, and
Subscribers will be given a bonus of $500 in stock of the
the bull interests have largely withdrawn their support
as
railway with each $1,000 bond. The proceeds from the sale
will be used to pay off a loan of $1,000,000, a mortgage of from the market, prices have declined to 5^c. for Rio No. 7.
demand has 09en dull. The close was easy. West
$575,000 and interest, made to the Morton Trust Co., the The trade
bonds of the Tom's Creek Coal & Coke Co., $89,500, and India growths have been well held for desirable grades,
for good Cucuta. East India growths have
$40,000 of Dora Furnace bonds. The balance will be reserved closing at 8>'4c
in the market for
for future requirements. Upon completion of readjustment been quiet and unchanged. Speculation
has
been
less active and under free offerings by the
contracts
the capitalization will be
leading bear interests prices have declined. To day the
Va. ATenn Coal & Iron bonds
$100,000
Carter Coal & Iron bonds
R85.O0O market was easier under continued selling by bear operators.
Realty Bond
&
Trust Co
,
New
York.
The
officers
—
Va. Iron, Coal & Coke bonds
Va. Iron, Coal & Coke stock
Va. <fc Southwestern Ry. bonds
Va. & Southwestern Ry. stock
7,300,000
8,641,600
2,000,000
2,000,000
Following are the closing asked prices:
5-000. Feb
5*15o
....... 4-95o. Nov
Aug
5-2*c
4-953. Beo
5'05o. March
8ept
5-35o
May
500o. Jan
«. 5-10o
Oot
Raw sugars have been quiet but steady, closing at 3%c.
for centrifugals, 96-deg. test, and 2,^c. for muscovado, o9deg. test. Refined sugar has been in fairly active demand
and firm at 4*650. for granulated. Pepper has been in fair
demand and firmer. Teas have had a fair sale at full
I
I
The earnings
cf the railroad in 1901 were $422,584 gross
and $164,700 net. The earnings of the Va. Iron, Coal
Coke
Co., it is estimated, will be $700,000 between June 1, 1902,
&
and Jan.
1,
1908.
Bondholders will be asked to deposit their bonds under this
plan with the Morton Trust Co. before Sept. 3. On making
the deposit they will be paid cash for March, 1901, and
March, 1902, coupons and will receive five per cent scrip,
payable on or before Sept. 1, 1907, for coupons due Sept.,
1901, Sept., 1902, and Sept., 1903. - V. 72, p. 679.
Western Telephone & Telegraph Co.— First Dividend.—
The company has declared its first dividend on the preferred
stock, 2 per cent, payable
Aug. 80.— V.
75, p. 38.
I
values.
Kentucky tobacco has had only a small sale to the home
trade, but the export demand has been fairly active at fall
values. Seed-leaf tobacco has been in slightly better demand
and steady. Sales for the week were 900 cases, including
1901 crop, Pennsylvania broad leaf at ll@l5c, 1911 crop,
Connecticut Havana seed, on private ternn, and 1900 crip
Zimmers, Spanish, at 17c. Foreign tobacco has been more
active, with sales reported of 400 bales Havana and 200 bales
—Partly
Sumatra.
—The " Canadian Annual
and steady at 4-12^c.
finished bonds are now made; the engraving and
lithographing of the reading matter is all that is needed to
|
|
Prices for Straits tin have declined, but at the clo?e there
was
a moderate recovery in response to stronger London
complete them; or the reading matter may be printed from
Iogot
advices, and final figures were 28 40(92S'60c.
cable
type, if it is desired, to save time and expense. The blanks
has been freely offered and prices have declined to
copper
in various designs are produced in large numbers and kept in
ll-SOOlWOc. for Lake. Lead has been in moderate demand
stock by Albert B. King & Co. of this city.
Financial Review,'' issued every
July, has come to hand. It contains about 400 pages of
financial statements, range of prices, etc., and is a valuable
manual of reference regarding Canadian securities. It is
published at 22 St. John Street, Montreal.
Price, three
dollars.
—
Messrs. Chandler Bros. & Co., Philadelphia, have issued
a small manual of electric railway securities, containing
particulars regarding the principal electric railway securities
traded in on the Philadelphia Stock Exchange.
Spelter has advanced to 5'45c dosing firm. Pig iron has continued in good demand for 1933
delivery and at firm prices.
Refined petroleum has been unchanged, closing steady at
Xapbtha
7\30c. in bbls. 8 50c. in cases aud 4 65c. in bulk.
Credit balances have been
has been unchanged at 9 05c.
quiet at$l 22. Spirits turpentine have been in moderate demand and prices have advanced slightly, closing at 46
Rosins have been in fair demand at $1 55 for com47}^c.
mon and good strained. Hops have been firm but quiet.
Wool has been in fair demand and firm.
,
,
—
.
.
Auglst
THE CHKON1CLE.
16, 1903.]
COTTON.
Friday Night, August
15, 1903.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, Is given below. For the week ending
this evening the total reoeipts have reached 9,411 bales,
against 11,916 bales last wees and 17,189 bales the previous
week, making the total reoeipts slnoe the 1st of Sept., 1901,
7,153,911 bales, against 7,535,866 bales for the same period of
1900-1, showing a deorease sinoe Sep. 1, 1901, of 71,483 b ales.
at—
Meeeipts
fMf.
Hon.
Mai.
Wed.
Tkurs.
M.
total.
349
in addition to above exports, our telegrams to-night also
jive us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named,
Jew York, which are prepared for our special use by Messrs,
We
••mbert* Barrows, Produce Exohange Building.
ON SHIPBOARD, HOT 0LBAKBD FOB—
Aug. 15 at—
New
Leaving
GerOther CoastGreat
Britain Fr'nce many. For'gn wise.
Orleans.
414
1,000
987
941
992
258
172
Galveston..
Bab. Pass, Ac.
Hew Orleans...
Mobile.........
Pensaoola, Ac.
Savannah......
196
6
•
62
Bransw'k.Ac.
Charleston
Pt. Royal.Ac.
Wilmington....
Wash* ton, Ac
Norfolk ........
819
6
215
7
503
«
1
MM
102
23
135
1,515
1
21
332
44
""""
146
1
1
4
•
•<
128
341
Total 1902..
1,100
8
121
Total 1901..
Total 1900..
3,678
1,488
14
43
33
6
18
4
374
461
37
381
York.....
Boston.........
17
8
11
9,441
122
54
92
43
187
98
1,173
1,940
1.821
1.834
2.210
Ac.
week
463
1,261
461
33
64
187
409
Man
Baltimore
The following shows the week's
Sept.
1,
1901,
total reoeipts, the total since
the stocks to-night, compared with last year.
and
1900-01.
1901-02.
Receipts to
Aug. 15.
Galveston.
Sab. P., Ac.
Tew Orleans
Mobile
P'saoola.Ao
Savannah...
Br'wlok.Ac
Oharleston..
P. Royal. Ac
Wilmington
Waah'n, Ac.
Norfolk
N'port N. Ac
Since Sep.
1, 1901.
this
week.
Stock.
Sines Sep
t, 1900.
this
week.
1902.
4,232 2,038,411
94,761
1,515 2,260,010
21 153,981
226,861
1,094 1,136,389
140,267
121 266,755
1,577
43 277,888
2,717 2,129,723
50,380
2,852 2,438,673
25
109,403
184,300
1,873 1,075,487
1,930 184,381
25 232,326
1,773
112 258,288
882
522
461
S3
64
187
409
New York...
Boston......
.
Palladel.Ac.
349
39
1901.
8.386
29,345
36,818
3,234
47,524
5,233
7,162
6,631
139
770
610
2,491
1,014
2,931
10,942
90,631
5,000
3,078
2,081
159,895
12,020 7,535,366
155.068
1,349
184
275
320
4,000
2,394
2,459
271.684
Savannah,
Note.— Corrections In reoeipts slnoe Sept. 1 as follows:
1,892 bales added; Pensaoola, etc, 3,586 bales added.
may be made with other years,
totals at leading ports for six seasons.
In order that comparison
we give below the
Receipts
at—
1902.
Salves'n.Ac
New Orleans
1901.
4,232
1,515
21
1,094
Savannah...
Ac
Ohaa'ton,
1,562
11,915
143,153
3,297
2,837
2,941
2.091
20,976
6.419
250,708
83,733
2,717
2,852
28
1,873
25
121
43
Wllm'ton, Ac
Norfolk
N. News, Ae.
1,261
112
819
461
693
39
4,028
all others...
4,320
'
>
lot. this wk.
1900.
1898.
1899.
265
186
6
510
171
4
466
146
1,058
2,958
8,442
6,671
3,734
1897.
5,849
11,463
The rates on and off middling, as established Nov. 20, 1901,
by the Revision Committee, at whioh grades other than
middling may be delivered on contract, are as follows.
Pair
e. 114 on
Good Middling Tinged
Even
Middling Fair
080 on Strlot Good Mid. Tlnged.o. 0*20 on
Strict Good Middling
050 on Strlot Middling Tinged.... 006 off
Good Middling
032 on Middling Tinged
01* off
Low Middling
Low Middling
014 off
0-38 off
0-72 off
1-00 oft
Low Mid. Tinged... 034 off
Middling Stained
0'50oft
Strlot Low Mid. Stained... 106 off
Low Middling Stained
160 Oft
Strlot
Good Ordinary
Good Ordinary...
..
On this basis the official prioes for a few of the grades for
the past week— Aug. 9 to Aug. 15—would be as follows.
Strlot
UPLANDS.
« -1
Low Middling
9,441
12,020
3,512
203
407
24
137
390
352
10
832
1
107
751
3,859
37
340
81
17
271
37
966
15,006
8,872
Street
Trent* Otnti-
Brit'n.
Oalveiton
Sab. Pati,
......
n«nt.
3,201
318
Ac.
lUw Orleans..
1.339
Mobile
Pensaoola
700
1,053
lotel
Week. Britain.
870,594 862,739
29,928
6,095
893,553 297,833
3,519
02.511
......
73.860
......
......
Port Royal
Wilmington...
Norfolk.
N'port N., Ae..
......
......
New York
1.9S3
.....
......
622
15,189
ZoUi.
536,126 1,759.768
35,815
65,711
751,132 1,912,518
89,809
98,820
85.028 191,811
610,311
817,101
11,793
72,111
187,620
120,701
119,076
119,801
368.379
20,905
3,100
•••••.
85,375
30,064
200
312,898
23,096
35,576
750
68,900
17.673
,
1.287
18,345
6,018
Oentinrat.
......
......
Philadelphia..
Ban Fran., Ac.
800
8
862
9
800
8'00
8-62
8-62
862
8-62
9
9
9
932
9
i>-32
9-80
9-80
9-80
980
9-32
9-80
Middling Fair
GULF.
Sat.
>ood Ordinary. ...... ...... ....
W
c
p.
_
.,ow Middling
a
Sat.
r,ow MMrtllijg
8-25
8-25
887
8-87
9^
9*
957
»
STAINED.
8-25
8-87
o
Stood Middling
1,287
807,628
160,677
62.785
7,162
16,190
2,862
10464
158.811
650,590
167,839
122.111
17,813
169,175
3,802
1,123
20,850
28,575 3,026,060 717,978 2,802,968 6.677,001
19,781
659
18,023
39.566 3,028,962 729,188 2,719.650 6.177,800
932
Hon Tne* Wed
957
1005 10
9H
957
Frl.
00
9-32
TM. Frl.
8-25
8'87
9>4
8'25
8'87
9H
967 957
05 1005 1005 1005
Mon Tnei Wed
750
..
750
TM. Frl.
750 7-50 750
8*50
850 8-50 8-50
866 866 866 866 8-66
900 900 9 00 900 900
The quotations for middling upland at New York on
Aug. 15 for eaoh of the past 32 years have been as follows.
Holi-
triot
Low
8-50
Middling Tinged... day.
1886 ....0. 97 18 1878....0.1115 16
117 14
.107 18
1877
1885
12%
1892...... 7%
1884
10 78
1876
14i*
1875
1891...... 8
1883
103jb
12l I6
1898
17
6
1874
1882
1890
13lie
12i«
19?8
1897
8
1873
1881
1889......115 18
83 18
1896
1872
21%
1880
1888
113s
119i8
1895
18 *
11>4
1871
1887
1879
9»b
79Ie
Notb.—OnOot. 1, 1874, grades of ootton as quoted were changed.
Aeoordingto the new classification Middling was on that day quoted
380. lower than Middling of the old classification.
1894. ...0. 7
1893
7ifl
1902....0. 9
1901
8
1900
10*6
65 16
1899
1
MABKET AND
SALES.
••••••
1
1
Baltimore
13,199
65,206
......
......
Pr«nc«
.••••.
96,617
219,115
Charleston....
•
street
......
......
1901, to Aug. 15 1902
axporltd to—
..••••
Savannah
Brunswick
Total, iftoo-oi.
from BewhX
1902.
TM.
8-00
..
19,060
The exports for the week ending this evening reach a total
of 28,575 bales, of which 8,302 were to Great Britain, 4,423
to France and 20,850 to the rest of the Continent.
Below
are the exports for the week and since Sept. 1, 1901.
Week Ending Aug. 15,
Exported to—
Hon Tuea Wed
Holiday.
•lnee Sept. 1 7463,944 7535,366 6540,028 8420,217 8623,198 6712,960
from—
2,000
Speculation in cotton for future delivery has been fairly
and there has been a moderate advance in prioes.
The feature has been the aggressive buying by a prominent
Wall Street operator and his following. Accompanying this
buying have been numerous reports to the effect that the
crop was a "spotted" one, and that consequently it is not
probable that the bumper crop that many of the trade have
been expecting will be grown. These reports given out by
the "bull" interest have been to the effect that^rust and shedding are extensively complained of in some sections; the Texas
crop was reported as going backward, owing to high temperature, and from some of the Atlantic States come reports that
rains were needed. Despite, however, the crop reports as
above mentioned, the trade generally has not been disposed
to follow the market on the "bull" side, they being of the
opinion that the crop has not suffered any serious deterioraLiverpool cable advices also have shown that market
tion.
slow in following the upturn to values; in fact Liverpool
has been a moderate seller in the local market at the advance in prices, and there has also been some selling for
Southern account. Advices received from the South ffjdieate
a fairly free movement of new-crop cotton in the near future.
To-day there was a slightly easier market. Liverpool advices were again disappointing and the "bull" interests were
less aggressive in their operations.
The close was quiet at
a net loss in prices for the day of 4@7 points. Cotton on the
spot has been (quiet and unchanged at 9c. for middling up-
VI
Mztortt
300
"500
338 10,722
Strlot
9,4417,463,944
Totals
700
3,919
"ebo "800
lands.
429,398
35,501
157,933
197,154
72,185
27,939
457,611
38,917
113,228
119,925
101,016
35,965
1,261
,
Baltimore
139
8,234
2,631
88,634
10,069
700
1,094
80,455
1,029
6,961
200
"800
"Too
New York
6,358
2,357
active,
Sew
Tot. this
602
2
4
•
Savannah
Oharleston...
Mobile
48
5
7
......
Fhlladel'a,
4,232
other ports
News, Ac
N'p't
715
1,094
.......
538
524
200
3,419
1,833
•alveston....
•toe*.
Total.
Spot Market
Closed.
Saturday..
Monday.... Quiet.
Tuesday... Easy..
FUTDEBS
MABKET
Closed.
Export.
Contump.
A Cohtbaoz
Contract.
total.
Holl day...
Wednesday Quiet.
Quiet
Steady
Very steady.
Thursday.. Quiet.
Friday
Quiet.
Quiet
Total.
Sales o? Spot
Very steady.
536
460
540
200
148
200
100
536
460
540
400
248
1,884
300
2~184
—
.:
.
.,.
'
'
THE CHRONICLF.
350
Futures,— Highest, lowest and closing prices at New York
LXXV.
[Vol.
At the Interior 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
acrrasponding period of 1900-01 —is set out in detail below.
(or the
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Thb Visible supply op (Jotton to-nlgnt,
o
h-
Total Great Britain stook.
Stock at Hamburg
Btook at Bremen
Stook at Amsterdam
Stook at Rotterdam
Stook at Antwerp
Stock at Havre
18,000
622,000
20,000
68,000
10,000
499,000
19,000
64,000
13,000
323,000
18,000
83,000
*
M
to
200
200
9,000
y?9,ooo
32,000
200,000
3.000
200
3,000
4,000
3,000
3,000
172,000
86,000
95,000 100,000
4,000
3,000
6.OO0
took at Marseilles
3,000
87,000
28.000
83,000
81,000
Btook at Barcelona
36,000
23,000
21,000
Stock at Genoa
16,000
26,000
6,000
16,000
took at Trieste
9,000
303,200 565,200
Total Continental stocks
/42,000 280,200
Total European stocks.... 764,000 779,200
626,200 1,644,200
39,000
27,000
India cotton afloat for Europe
32.000
24,000
cotton
74.000
63,000
afloat
124,000
Amer
for E'rope.
83,000
17,000
13.000
14,000
gypt. Brazil, Ac., aflt. for Epe 13.000
49,000
47,000
75,000
Stock in Alexandria, Egypt...
47,000
Stock in Bombay, India
366,000 444,000 272,000 428.000
3ft-<,709
Stook in United States ports.. 155,068 271.684
90,152
225,769
143,899
45,592
Stook in U. 8. interior to-vras.
60,009
7,206
6,f62
2,452
United States »xports to-day.
700
Total visible supply
1,512.777 1,889,345 1,193.398 2,734.884
Of the above, totals of American and other descriptions are as follow s
.
•
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as made up dj
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening,
But to make the total the complete figures for to-night
(Aug. 15), we add the item of exports from the United States,
including in it the exports of Friday only,
1899
1900.
1901.
1902.
toe* at Liverpool
.bales. £01,000
489.000 310,000 970.00C
took at London
t;
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The aoove totals show that the interior stocks nave deceased during the week 4.917 bales, and are to-night 83,660
oales less than at same period last year.
Ovebland Movement fob the Week and Sinoe Sept. 1,—
'ftfe give below a statement showing the overland movement
week and since Sept. 1, as made up from telegraphio
reports Friday night.
The results for the week ending
Aug. 15 and since Sept, 1 in the last two years are as follows.
for the
1901-1902.
Augutt 15.
1900-1901.
Sine*
IVeefc.
Bept. 1.
Sines
Wttk.
Sept.
1.
IMpptdVla St. Louis..
Via Cairo.
Via Paduoah
.
Via Book Island... ......
Via Lonlsvllie....
Via Olnolnnatl
Via other routes, Ac_.
Total gross overland
..>.
ttduet ttepmtntt—
Overland to ». Y., Boston, Ac
Between interior towns. .......
Inland, Ao., from South....
Total to be deducted.™
__
2,719 t865,432
228 152,827
1,192
33.093
225 194,539
21
91.459
1,339 352,217
7,022
4,5321,690,759
8,846 1.759,876
576
133
102
1,013
914,760
238,541
5,105
58,533
137,420
114,903
290,614
693
125
417
370.184
63,071
68,353
455,211
98.986
85,535
1,235
501,558
639,732
.
American-
1.120,144
3,297 1,189.201
Leaving total net overland*.
movement by rail to Canada, t 42,733 bales added as
Including
oorreotlon since Sept.
415,000 371,000 218,000 892.000
„. 193.000 207.000 273,000 494,000
124,000
74,000
68,000
American afloat for Europe...
83,000 121,000
371694
694
90,152 358,709
United States stook
155,068 371
143,899
45,592 225,769
60,009 143.899
United States interior stocks.
700
6,£62
2,452
7,206
6,662
United States exports to-day..
Total American
906,777 1,124,145' 703,196 2,045,634
Ma$t Indian. Bratil, de78,000
Liverpool stook
„ 89,000 118,000 92,000
13.000
9,000
18.000
10,000
Londonstook
73,200
71,200
30,200
49,000
Continental stooks
32,000
27,000
39,000
24,000
India afloat for Europe
17,000
13,000
14,000
13,000
gypti Brazil, Ac. afloat
49.000
47,000
47,000
75,000
Stock in Alexandria, Egypt...
366,000 444,000 272,000 426,000
Btoek in Bombay, India
689 200
Total East India, Ao....... 606.000 765,200 495,200
906,777 1,124,145 703,196 2,045,684
Total Amerloan..
1,512,777 1,889,345 1.19S.396 2,734,884
Total visible supply
4l<? d,
5i9 S sd.
37 16 d.
427, a d.
Middling Upland, Liverpool
3a
cs,„e.
90.
100.
80
Middling Upland, New York..
5»8d.
6>«d.
6iiad.
Egypt Good Brown, Liverpool 7is 16d.
'
7
6 78 d
7d.
7d.
Peruv. Rough Good, Liverpool
ied.
3 4d.
59,«d.
4>sd.
Broach Fine, Liverpool
„
4» la d.
4»«d.
Tlnnevelly Good, Liverpool...
4 VI.
3V>.
Continental imports past week have been 53,000 bales.
The above figures indicate a decrease in 1902 of 376,568
bales as compared with same date of 1901, a gain of 314,881
bales over 1900 and a decline of 1,222,107 bales from 1£99.
Liverpool stook
Continental stocks
*
-bales.
1.
fne foregoing shows that the week's net overland movement
this year has been '3,297 bales, against 6,275 bales for the
week in 1901, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 69,C67 bales,
1900-1901.
1901-1902.
in MigM and Spinntrt'
Takings.
Seoelpts at ports to Aug. 15
Ket overland to Aug. 15
louthern consumption to Aug. 15.
Wt$k.
Since
Sept.
1.
Sine*
Week
Sept.
1.
9.441 7,463,944! 12.0207,535,366
6,2:51,120,144
3,297 1,189,201
38,0001, 806.000, 33,000 1,593,000
50.738 10459145 51,295 10248510
* 4,917
t69,2S6* 10,264
99,272
Total marketed
nterlor stooks in exoess.
Came into sight during week
Total in sight Aug. 15
41,031
45 S21
10SS9889
10347782
Sorth'n spinners tak'gs to Ang. 15 58.097 2.175.924
* Decrease during week.
t Less than Sept. 1.
Movement into sight in previous years,
8,584 1.985.436
Wuk—
1900- Aug.
1899-Aug.
1898-Aug.
1897-Auf.
Bales.
17
18
19
20
.
31,187
39.615
27.591
34,939
Sine* Sept.
1—
189900-Aug. 17
1898 99- Aug. 18
1897-98- Aug. 19
1896-97-Aug. 20
BaUs.
9,116.673
11,164,451
11,021,182
8,425,915
...
.
.
AUGUST
.
THE CHRONICLE.
16, 1902.]
Quotations for Middling Cotton at Other Markets. Below are closing quotations of middling ootton at Southern
and other prinoipal ootton markets for eaoh day of the week.
Week ending
Aug. 15
CLOSING QUOTATIONS »OB MIDDLING COTTON
Mon.
8atur.
.
tt
olid
.
EP
Philadelphia
Auguate
Memphis
fit.
Lonls....
Houston
Cincinnati
Little
.
Rock.
The
Wednes.
87„
85,«
8>4
8»s
SI 18
85 l8
8^4
838
83*
8%
9
9
9
9
9>«
V%
9U
884
8H 16
83,
9>4
83*
858
8S4
9*8
914
87 16
8'l6
9
9
8H
8>4
8T,«
83s
838
8*4
Galveston.
New Orleans
Mobile
Savannah...
Charleston ..
Wilmington.
Norfolk
Baltimore
lues.
Thurt.
ON—
8H
85 1S
8*8
8*8
8M
8»*
8\
834
9
9
9
9
9is
9V*
8»8
9i8
914
884
80s
8"is
8Hi«
838
9
83g
884
868
81l 16
838
9
9
9
8%
BH
9
8U
other important
8*4
closing quotations to-day (Friday) at
Southern markets were as follows.
Athens
8i°i«
8«s
9*8
Atlanta
Charlotte
Columbus, Miss
Eufaula
8i«
Louisville
8*8
868
..
Montgomery.
8H
Orleans option market.
Columbus, Qa.
.
Natchez
gsg
8*8
Raleigh
Shreveport
8
Nashville
9
—
August—
Sat'day.
Monday, Tuesday, Wed'day, Thursd'y Friday,
Aug.
Aug.
. .
Sept'bek—
Range
Closing...
October—
•j
-229 25 3-239-25 3-209-2t •$•259-27 8-179-24
•j-249'25 3-229-24 S-249-^5 J-249-25 8-179-18
;
7-719"?6 7-74-9 -79 7-749-S2 7-849-83 7-789-87
7-75 3>-76 7-779T8 7-30981 7-859-86 7-789-79
;
750954
7-539-58 7-54902 7-599-67 7-599-66
7539-54 7-56®-57 7609bl 7-65966 7-609 61
. .
5
7-42946 7-449-49 7-459-55 753960 7-B4a>-61
7-459 46 7-48®-49 7-559-55 •-599-60 7-519-55
8>
Closing . .
January—
7-479^6 r-549-62 7-57961
7-49950 7569-5G 7609-63 7-579-58
>43ffl-46 7-459-49
Range
.
.
Options.
.
A
We
—
averaging
7-46 9 47
Tone—
Quiet
Quiet.
Easy.
Quiet.
tjuiet.
Steady.
Quiet.
Quiet.
Quiet.
Quiet.
Weather Reports Br Telegraph. —Reports to us by
telegraph from the South this evening are as a rale
of a satisfactory character.
In Texa3 dry weather has
prevailed, which our Galveston correspondent states was
favorable for cotton, but there are still complaints of damage by boll worms and weevil. At most points elsewhere
rain has fallen, the rainfall being heavy in a few districts,
and advices indicate that cotton is doing welljas a whole.
From Montgomery, however, we are advised that the recent
rainfall has been insufficient.
Greenwood, Sjuth Carolina,
reports cotton as looking bad in some sections, but our Stateburg correspondent states that on clay lands it is putting on
rapidly a fresh, vigorous growth. Cotton is opening rapidly
in many sections and picking is in progress
Galveston, Texas.— The weather during th<» week in Texas
has been favorable to cotton, but there are still complaints of
damage by boll worms and weevil. We have had dry
weather all the week. The thermometer has averaged 84,
the highest being 87 and the lowest 79.
Brenham, Texas. We have had no rain during the week.
The thermometer has averaged 84, ranging from 74 to 91.
Cuero, Texas. Tnere has been no rain daring the week.
The thermometer has ranged from 75 to 103, averaging 88.
Henrietta, Texas. It has been dry all the week. Average
thermometer 89. highest 104 and lowest 67.
Kerrville, Texas.— Dry weather has prevailed all the week.
The thermometer has averaged 80, the high sat being 97 and
the lowest 68.
Longview, Texas.— We have had no rain during the week.
The thermometer has averaged 85, ranging from 75 to 99.
Palestine, Texas.
We have had no rain the past week. The
thermometer has ranged from 72 to 94, averaging 74.
San Antonio, Texas. We have had no rain during the
week. Average thermometer 83, highest 98, lowest 72.
Abilene, Texas.—There has been no rain the past week.
The thermometer has averaged 85, the highest being 98 and
the lowest 70.
Corpus Christi, Texas.—It ha 3 been dry all the week. Tnermometer has averaged 83, ranging from 70 to 96.
Dallas, Texas.— We have had no rain the past week. The
thermometer has ranged from 70 to 98, averaging 84.
Huntsville, Texas.—There has been no rain during the
week. Average thermometer 84, highest 95, 1 >wesfc 73.
Lampasas, Texas. There has been no rain during the
week. The thermometer has averaged 84, the highest being
97 and the lowest 71.
Luling, Texas. —There has been no rain during the week.
The thermometer has averaged 85, ranging from 75 to 98.
Paris, Texas. We have had no rain the past week.
The
thermometer has ranged from 70 to 95, averagiag 83.
Weatherford, Texas.— Dry weather has prevailed all the
week. Minimum temperature 85, highest 100, average 73.
Neic Orleans, Louisiana. Rain has fallen oa three days of
—
—
—
—
—
—
—
—
83.
Montgomery, Alabama.
;
tt
Dec'bek Range
Closing
15.
:
Range
Closing
i.ug.
•
Ranee
Closing
Aug. 12. Aug. Id. Aug. 14.
11.
Meridian, Mississippi.— Cotton is opening rapidly and
picking is general. Several new bales received here this
week. Temperature has ranged from 73 to 98.
Little Rock, Arkansas.—The first bale of new cotton was
received on August 14. The crop is ten days earlier than
the average. Tnere has been rain on three days daring the
week, the precipitation reaching nineteen hundredths of an
inch. The thermometer has ranged from 67 to 95, averaging 80.
bumper crop of cotton is opening
Helena, Arkansas.—
There has been only a trace of rain during the week.
fast.
Average thermometer 81. highest 93 and lowest 67.
Memphis, Tennessee.—Crop prospects continue favorable.
The first bale of new cotton reached here from Jefferson
County, Arkansas, on Monday, one week ahead of the average
have had rain on
date. Four new bale3 received to date.
one day Of the week, the precipitation being twelve hundredths of an inch. The thermometer has averaged 79'8, the
highest being 94*1 and the lowest 65 6.
Nashville, Tennessee— Crop prospects continue good.
have had rain during the week to the extent of nine hundredths of an inch. The thermometer has averaged 79, ranging from 61 to 98.
Mobile, Alabama. The weather in the interior has in general been favorable for cotton and the crop is making fairly
yojd progress. There has been rain on two days during the
week, the precipitation reaching one inch and sixty-nine
hundredths. The thermometer has ranged from 72 to 92,
We
The highest, lowest and
New
dosing quotations for leading options in the New Orleans
ootton market the past week have been as follows.
9.
the week, the precipitation being ninety hundredths of an
ch. The thermometer has averaged 84.
Columbus, Mississippi.— There has been no rain during the
week. The thermometer has ranged from 80 to 105, averaging 92.
Fri.
87, a
8B,e
351
— Som9
crops are improving, but
the majority at present are rather unpromising. The recent
have had rain on one day
rainfall has been insufficient.
during the week, the precipitation being thirty-three hundredths of an inch. Average thermometer 84, highest 97,
We
l)west 71.
Selma, Alabama.— Crop3 unchanged from last report, which
showed improvement as a result of the rains. We have had
rain on one day during tne week, the precipitation being
twenty -six hundredths of an inch.
Madison, Florida.—It has rained on three days of the
week, the precipitation reaching seven inches and fifteen hundredths. Tnermometer has averaged 82, ranging from 72 to 94.
Savannah, Georgia. We have had rain on four days of the
past week, the raiafall being two inches and thirty-three
hundredths. The thermometer has ranged from 69 to 92,
—
averaging 81.
Augusta, Georgia. We have had rain on three days of the
week, the rainfall reaching one inch and sixty-nine hundredths. Average thermometer 81, highest 95, lowest 70.
Stateburg, South Carolina.— Oa clay lands cotton is putting
on rapidly a fresh, vigorous growth, but on sandy lands is
not doing as well. Tnere has been rain on three days during
the week, the precipitation reaching two inches and sixtytwo hundredths. The thermometer has averaged 81, rang-
—
ing from 68 to 95.
Greenwooi, South Carolina.—Cotton is looking bad in
sections.
We have had rain on two days of the week,
the rainfall being sixty-nine hundredths of an inch. The
thermometer has ranged from 69 to 93, averaging 81.
Charleston, South Carolina. Rain has fallen on six days
of the week, the precipitation being eleven hundredths of an
inoh. The thermometer has averaged 82, the highest being
92 and the lowest 73.
Charlotte, North Carolina. —Crop conditions continue favorable. Rain has fallen during the week to the extent of one
inch and sixty-one hundredths. Tne thermometer has averaged 80, the highest being 94 and the lowest 67.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
some
—
3
o'clock
Aug.
14, 1902,
and Aug.
15, 1901.
Aug.
*w Orleans...
Above aero ol gauge.
inmphis. ............. .Above zero of gauge.
*shvllle
Above zere 01 gauge.
shreveport
........Above zero of gauge.
Hckaburg
Above zero of gauge.
'
"1
14, '02.
Ftet
8-3
12-6
2-2
143
21-8
Aug. 15/01
Feet.
11-4
29
12-2
4-4
52
Cotton Crop in Alabama.— Under date of Eafaula, Ala.,
August 13, Messrs. H. & I. Lampley write as follows:
Since the 5th lnat. we have had good soaking rains, the first in sixty
days except showers. These rains were much needed and will prove
beneficial. Notwithstanding these good seasons, we are having the
usual August complaint ol deterioration, such as rust, premature deetc., but our observation is that the plant, though not so
large as last year, is unusually well fruited, much better than past
two crops. We still adhere to our prediction that with favorable seasons from now on this territory will secure an average yield of ootton.
Ploking has commenced, but is retarded somewhat by rains. The
August movement will not be as free as we anticipated ten days
sinoe, but will be large latter part of this month if not oheoked oy
velopment,
rains.
Jute Butts, Bagging, Etc.— The demand for jute
bagging has continued quiet during the waek under review
at unchanged prices, viz.: 5%c. for \% lbs. and 6c. for 2 lbs.,
standard grades. Car lots of standard brands are quoted at
5%@6c, f. o. b., according to quality. Juce butts also quiet
at \%@\%g. for paper quality and 2%®%%$. for bagging
quality.
.
THE CHBONICLK.
352
Cotton Crop Circular.— Oar Annual Cotton Crop Review
form about Friday, September 5,
will be ready in circular
Parties desiring the circular in quantities, with their business
card printed thereon, should send in their orders as soon as
possible, to ensure early delivery.
India Cotton Movement from all Ports.— The receipts
of cotton at Bombay and the shipments from all India ports
for the week ending Aug. 14, and for the season from Sept. 1
to Aug. 14 for three years have been as follows:
1901-02.
Receipts at—
Since
Week.
Bombay
190001.
Since
Week.
Sept. 1.
4,000 2,122,000
18991900.
Sept. 1.
3.000
8.000 1,915,000
For the Week.
Sinet
Week.
Sept. 1.
909,000
Since September
from—
Continent.
Britain.
Total.
Great
Continent.
Britain.
total.
Bombay—
1901-02..
190041.
1899 00..
1,000
3,000
2,000
1,000
3,000
2,000
9,000
68,000
17,000
491,000
565,000
106,000
500,000
633,000
123,000
2.000
2,000
1,000
2,000
2,000
1,000
3,000
4,000
3,000
48.000
43,000
30,000
51,000
47,000
33,000
1,000
1,000
3,000
8,000
5,000
16,000
19,000
14,000
19,000
27,000
19,000
5,000
5,000
3,000
5,000
6,000
4,000
5.000
15,000
9,000
121,000
127,000
89,000
126,000
142.000
88.000
8,000
11,000
6,000
8,000
12,000
7,000
20,000
95,000
34,000
676,000
754.000
239,000
696.000
849,000
273,000
Calcutta—
1901-02..
1900-01..
1899-00..
mmmmmst
Madras—
1901-02 .
1900-01..
1899-00..
All others—
1901-03..
1900-01..
1899 00..
1,000
1,600
Total all—
1901-02..
1900-01..
1899-00..
1,000
1.000
i
m
......
Alexandria Receipts and Shipments of Cotton.—
Alexandria, Sgypt,
August 13.
1899-1900.
1901-02.
1900-01.
6,468,000
2,000
5,458,000
Receipts (cantars*)—
This week...........
This
week.
Since
Sept. 1.
This
week.
1,000
6,435,000
Since
Sept. 1.
TMt
Since
week.
Sept.l.
1
These reports on cotton are summarized by the Depart-
ment
as follows:
in Texas, and scattered showers over
the central portions of the middle and eastern districts, the progress
of the cotton orop as a whole has been favorable. Complaints of rust
and shedding, however, are quite generally indicated and some premature opening reported from portions of Georgia and South Carolina.
Early cotton is opening rapidly and picking Is progressing In Texas
and In the eastern districts under favorable conditions. Uninterrupted sunshine and high temperatures have checked the ravages of
bollworms and weevil in Texas, but these pests oontinue to cause
considerable damage, and In inundated sections In that State the orop
has been severely damaged, and in many seotlons ruined.
—
Shipping news. as shown on a previous page, the
axports of ootton from the United States the past week have
reached 28,575 Dales. The shipments In detail, as made up
from mall and telegraphio returns, are as follower
Total bales.
New York— To
Liverpool, per steamer Georgio, 1,862
1,862
To Hull, per steamer Colorado, 100
100
To Havre, per steamer La Eretagne, 522
522
To Bremen, per steamers Hannover (additional), 4,663
Koenigen Luise, 8,378
13,041
To Antwerp, per steamers Friesland, 800
St. Nicholas,
500
1,300
To Barcelona, per steamers Aller, 461
461
To Genoa, per steamers Aller, 307
Neastrla. 80
387
Nkw Orleans -To Liverpool— Aug. 11— Str. Navigator, 1,139
Aug. 13-Steamer Barbadian, 200
1,339
To Dunkirk Aug. 14 Steamer Ltvland, 700
700
To Barcelona— Aug. 12— Steamer Miguel M. Pinlllos, 4,054 4.056
Galveston—To Havre— Aug. 12 Str. Thurland Castle, 3,201. 3,201
318
To Antwerp— Aug. 12 -Steamer Thurland Castle, 318
Boston— To Liverpool— Aug. 7— Steamer Hanoverian, 1
Aug.
Steamer
Frakoisoo—
To
Japan—
9—
Coptic.
87
87
Ban
Seattle -To Japan— Aug. 12—Steamer Klnshlu Maru, 1,200.. 1,200
Total
28,575
have been 155,352 bales from
the Pacific Coast, 2,150 bales from Pensacola and 1,750 balee
from New York.
Ootton freights at New York the past week have been
Exports to Japan since Sept.
Exports (bales)—
lo Liverpool
2,000 323,000
5,000 518,000
3,000 321.000
4,000 355,000
400,000
3,000 421,000
7,000 841,000! 7,000 676,000 3,000 821.000
98 pounds.
t Of which to America In 1901-02, 103,691 bales; In 1900-01,
56,000 bales; in 1899-00, 70,595 bales.
*
rupted sunshine with high temperatures have decreased number of
boll worms and checked ravages by weevil, although considerable
damage is still being done by these pests; ootton where inundated Is
severely damaged and In many sections ruined; some shedding reported from northern sections and rust has appeared in localities In
the northeast. Cotton is opening over greater portion of State and
picking is progressing under favorable conditions.
Arkansas.— Scattered showers on the 8th and 9th Cotton promises good yield, except some localities In northwest, where moisture
is deficient; ootton shedding freely, rust spreading, no damage by insects, opening la localities.
Tennessee.— Local showers at intervals greatly benefited crops
where they fell, but in some sections crops are still suffering; cotton
fruiting well, much complaint of rust In western oounties.
Missouri.- Rainfall poorly distributed; drought in southeast unbroken and cotton greatly damaged; ootton shedding.
Oklahoma and Indian Territories.— Hot winds damaged late
ootton somewhat, but recent rains proved very beneficial and placed
crops in good condition; ootton fruiting well, picking commenced.
With a general absence of rain
1.
Mnports
Great
A oantar Is
Manchester Market. — Our report received by
12%
e.
Manchester
c 10912
Havre
comparison.
8%
lbs. Shirt-
32« Oop. ings,
Twist.
d.
J'yii 738
d.
• 83 ia
18 7*8 98%
" 25 7»i« 98
• 713,.
Aug. I 7
" 8 6l6 16 »7*i
'•
" 15 7
©7%
1901.
to finest.
d.
OoWn
8%
s.
lbs. Shirt-\Oott'n
32* Oop. ings, common] Mid.
Twist.
Uplds
to finest.
Uplds
common Mid
4.
b.
98
5
74 98%
97 10% 63 S2 7% 98%
2 97 9
4^33 616 ia »7'8
1
97 7% 4% 61B 16 ®7%
4?8 6*4 97^1
97 6
0%»7 7 4-'' 8j6% «7%
d.
s.
4
31*98
3
3
2
2
5
d.
98
97 11
97 10%
South Carolina.— Many
in
4<>r
n
4l»
413 33
6
111
li«97 10% 438
11*97 10% 415,,
west portion; cot-
suffering from drought,
others relieved by timely showers; cotton Improved in places, deteriorated In others; rust Is spreading and shedding oontlnues, opening
freely, some prematurely, and picking will soon be general.
GeoRoia.— Rainfall unevenly distributed; general conditions variable; drought area Increased; cotton opening prematurely In north and
middle seotlons, picking becoming general in south and beginning in
middle, new orop being marketed in several middle and southern
counties, rusting and shedding continue in many localities.
Florida— Looal rains damaged some cotton on low lands, where
plants are backward and orop will be short; complaints of rust and
shedding in some sections, picking quite active on uplands.
Alabama— Dry and hot In north central and northeastern counties,
favorable showers elsewhere; ootton making fair growth, but rust
quite damaging, considerable shedding, early opening rapidly, piok1ns: well under way.
MiBBissirri.— Fair and warm, light scattered showers mostly In
southern portion; early ootton maturing rapidly and opening in some
localities
still
planted makiDg rapid growth and looking well, much
complaint of rust and shedding.
Louisiana.— Scattered showers, with looal rains In south portion;
early cotton opening generally, some piokingln south and south-central portions; late cotton Improved, many complaints of rust and
shedding.
Texas.— Hot and dry, except in west and northwest, where heavy
showers occurred; ootton continues to make rank growth and, except
In scattered localities, is fruiting and opening satisfactorily; uninter-
localities, late
c.
18
Bremen, asked.. c.
20
Hamburg
c.
15
Ghent
Antwerp
e.
Barcelona
e.
19
13
26
28
30
Genoa
c.
14916
c.
Beval, indirect.. c.
Reval, via Canal. c.
Tues.
12%
10912
Wednes. Tkurs.
12
12
10® 12 10®12
18
20
15
19
13
26
28
30
18
20
15
19
13
26
28
30
14916
12%
12%
10
10
17
17
20
15
19
13
26
18
20
15
19
13
26
28
30
Fri.
28
30
20
15
19
13
26
28
30
14916 14©16 14916 14916
28
28
28
28
28
28
Japan (via 8uei).e.
50
50
50
50
50
50
Quotations are cents per 100 lbs.
Liverpool. By cable from Liverpool we have the following statement of the week's cables, stocks, &c, at that port.
Trieste
d.
Government Weekly Cotton Report. —Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the following telegraphic
reports on the crops in the Southern States for the week ending Aug. 11:
North Carolina.— Ample and benefloial rains in east portion,
greatly improving crops, but drought oontlnues
ton well Dolled, beginning to open.
Mon.
Satnr.
Liverpool
cable
1
as follows.
from Manchester states that the market is steady
for yarns and quiet for shirtings. Manufacturers are generally complaining.
We give the prices for to-day below and
leave those tor previous weeks of this and last year foi
to-night
1902.
LXXV.
[Vol.
—
July 25
tales of the
week
bales.
Of which exporters took...
Of whioh speculators took.
dales American....
Actual export
Forwarded
Total stock— Estimated
Of whioh American— Est'd.
Total import of the week
Of whioh American....
Amount
afloat
Of whioh Amerloan
..
Aug.
53,000
6,000
3,300
42,000
8,000
69,000
631,000
531,000
4,000
4,000
26,000
15,000
1.
28,000
2,800
Ang.
8.
35,000
1,700
500
500
26,000
20,000
52,000
571,000
476,000
12,000
4,000
25,000
14,000
29,000
7,000
50,000
537,000
444,000
18,000
9,000
21,000
16,000
Aug. 15.
42,000
2,600
1,600
33,000
8,000
40,000
504,000
415,000
16,000
10,000
25,000
16,000
The cone of the Liverpool market for spots and futures
each day of the week endingjAug. 15 and the daily closing
prioesof spot ootton, have been as follows.
Sat' day.
Spot.
Market,
12:30 p.m.
/
!
Unlet.
Steady.
Firm.
41S lfl
4i» lfl
41»ia
7,000
1,000
7,000
1,000
Qnlet at
Qnlet at
partially
1-04 adv.
Moderate In buyers'
favor.
demand.
J
Mid. Upl'ds.
Speo.
Monday. Tuesday. Wed'day. Tkursd'y Friday.
•
•
•
Aexp.
M
437 sa
10,000
600
10,000
6.000
506
500
Qnlet at
partially
1-04 adv.
Qnlet at
1-04 advance.
Qnlet at
1-0* advanoe.
Qu'et.
Qnlet.
Quiet.
4 27
Futures.
Market
I
opened.
S
Market,
I
4 P. u.
)
2-64 de.
oiine.
•
•
Qnlet at Steady
1H@3
pt».
decline.
at
2 pts.
Advance.
—
.
August
Theprloes of futures at Liverpool for eaoh day are given
Prices are on the basis of Uplands, Good Ordinary
ola use, unless otherwise stated.
ty The prices are given in pence and Sit hi. Thut : 4 63 meant
4 63-64d.. and 5 01 meant 5 l-64d.
below,
non,
Taes.
Aug. 11
Aug. 12
•
d.
August.
Aug. -Sept...
Sept-Oot...
OeV.Nov....
Nor.-Deo. ..
©
i
Feb.-Moh...
Men.- April..
April-May..
May-June
d
d.
d.
40
35
25
19
16
15
4 38 4 37 4 39 4
4 34 4 33 4 34 4
4 23 4 23 4 24 4
4 17 4 17 4 18 4
4 14 4 14 4 16 4
4 13 4 12 4 14 4
4 13 4 12 4 14 4
4 12 4 12 4 14 4
•
Deo.- Jan....
Jan.-Feb....
Wed. TMl
Aug.
Prl.
Aug. 15
Aug .14
13.
12i« 4 121* 4 12i« 4 12i« 4 12i« 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
•
1
412 412
•
d.
d.
d.
d.
d.
d.
4 39 4 39 4 40 4 39 4 39 4 39
4 34 4 35 4 35 4 35 4 35 4 35
4
4
4
4
14 4
14 4
4 14 4 14 4
24 4 25
19 4 19
16 4 17
15 4 15
15 4 15
14 4 15
14 414
4 26 4 25
4 20 4 20
4 18 4 18
4 16 416
416 4 16
4 16 4 16
416 4 16
4 26 4 26
4 21 4 21
418 4 18
4 17 4 17
416 4 16
416 4 16
4 16 4 16
.
June-July..
BREADSTUFFS.
Friday, Aug.
15, 1902.
H NEW YORK
Hat
1.
o.
75%
b
72s4
Sept. deuvery in elev
Dec. delivery in elev
May deUvery in elev
72%
74 Sg
Man.
Tuet.
Wed.
Thurt.
Sept. delivery in elev....
Deo. delivery in elev
May delivery in elev
fri.
67is
65'8
88I3
69
67i«
69 78
Thurt.
69 7s
66%
6938
Pr\.
70^
67»s
69%
and
Indian corn futures have been
it is now the middle of August,
has started in with frost scares. Low temperature was reported from the Central Western States and the possibilities
of frost were immediately discussed, serving to start buying
by shorts to cover contracts, and on this demand prices made
a moderate advance. On Thursday, however, there developed an easier undertone, weather reports being more favorable, and based on the present promising prospect for the growing crop large estimates were received, which had their influence against the maintenance of present values in the speculative market. The spot market has held about steady and
a limited amount of business has been transacted here and
at outports for export. To-day the market was quiet but
steady.
NEW YORK.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN IN
Sat.
Mon. Tuet.
Wed.
65"«
64
65
65
Cash oorn 1. o. b
Thurt.
65i«
&•*
65
56ia
65ia
57i«
45
43 *q
45
45%
46i«
57
57i«
46^
433s
43^8
44 1*
44
44
53
46^
DAILY CLOSING PRICES OP NO. 2 MIXED 0OBN IN CHICAGO.
tri.
8at.
Mon. Tuet.
Wed. Thurt.
—
513a
39 %
38%
50"8
39»s
388a
5214
52*8
40%
411-j
5138
41i«
39ia
39^
39i8
51»8
41ifl
3938
Oats for future delivery at the Western market have been
fairly active, and prices have advanced, the improvement
being moat pronounced for September contracts. Shorts have
taken advantage of the recent break in prices to cover their
contracts, and this demand has had a steadying influence
upon values. Locally the spot market has been unsettled,
wit» a fair business transacted in oats to arrive. To-day the
.
reports on the cereal crops for the
month
of
The condition of corn on July 1 and August
shown in the following:
1
in each of the
last five years is
CONDITION OP CORN.
1902.
1901.
1900.
1899.
1898.
States.
=!
3
"J
Illinois...
Iowa
Missouri ..
Kansas...
Indiana
Nebraska.
.
Ohio
Michigan.
Wisconsin
Minnes'ta
Texas
Tennessee
75
CHICAGO.
3018
Statistician of the Department of Agriculture shows the condition of oorn on August 1 to have been 8t>'5,
as compared with 87*5 on July 1. 1902; 54 on August 1, 1901; »7-5 at
the corresponding date in 1900, and a ten-year average of 84. There
has been an improvement during the month of 10 points in Pennsylvania, 7 lu Indiana and Wisconsin, 4 in Ohio, Illinois and Kansas. 3
This substantial improvement in the
in Iowa and 11 In Nebraska.
most important oorn States would undoubtedly have resulted in a
marked improvement in the average for the entire country but for the
fact that 14 Southern States, containing .36*8 per cent of the total
corn acreage, show an average deoUne during July of 10-7 points.
720b
74»8
Although
Sept. delivery in elev
Deo. delivery in elev
May deUvery in elev
11th- inst. its
733s
7538
Wed.
70ie
67 <>b
70i6
Thurt. tri.
313a
325s
28%
293s
30i9
29»8
July as follows:
The monthly report of the
74'8
Tuet.
CHICAGO,
Wed.
31
29 14
Agricultural Department's Report of Cereal Crops.
Agricultural Department issued on the
74H Kentucky
Hon.
*60
IN
&c, August 1.—The
73?8
73i8
tri.
Nom'l
41
Nom'l Nom'l
Patent, winter. ...93 80 f>3 95
• ....
City mills, patent. 4 15 f»4 55
2 90 98 00
Ryeflour.supernne 8 10 93 75
3 00 93 05
Kxtra, No. 8
Buckwheat floor
9
ffixtra, NOo 1 . *-. 3 10 08 30
Oorn meal01ear8..~.«. a »..— 3 25 f»3 50
Western, eto
3 35 93 40
Straights.....™... 3 45 «3 90
Brandywlne ....
3 40
Patent, spring.... 3 90 94 55
(Wheat floor in caoks sells at prices below those tor barrels.)
GBAIN.
Oorn, per bush.—
0.
0.
e.
0.
wheat, per bosn.—
Western mixed
6314865
Hard Man., Nj.1.. f.o. b.8514
No. 2 mixed......
f. o. b.65
N'thern DuL No.l t o. b. 8 1
No. 2 yellow
f, o. b.69
Red winter. No. 8 f. o. b.77
f. o. b.78ia
No. 2 white
to. b.69
Hard No. 2.
Bye, per bushOats—Mix'd.p.bush. 39 960
Western
45 965
52 961
White
56ia»57
40 942
State and Jersey
No. 3 mixed
66i««72
"Barley— West
No 3 white........ Nominal.
Feeding
46 949
'September shipment.
76%
73%
77
Thurt.
42
flue.. ....... ...... J.--.
73 H
8
Wed.
Superfine, ....
76>4
firmer.
the bull interest
—
NEW YORK.
DAILY CLOSING PBIOB8 OP OATS IN
Sat.
Hon. Tuet.
*
50
42
No. 3 mixed In elev.... 47
65
65
•0. S white in elev...... 69
DAILY CLOSING PBI0B8 OF NO. 2 MIXED OATS
Hat.
Mon.
Tuet.
30 14
29
30
Sept delivery in elev
2$i«
27'
283a
8
Oeo. delivery in elev
28"
29%
293a
lay delivery In elev
8
*New.
Following are the closing quotations:
PLOUB.
72J«
71Sb
7358
fairly active
Sept. delivery in elev
Dee. delivery in elev
May delivery in elev
.
74'g
DAILY CLOSING PBI0B8 OF HO. 2 SPUING WHBAT IN
Sat
67 7s
66I4
69*8
Western market was higher on shorts covering. A fair busieas was transacted in the local market in oats to arrive.
76 7
72%
358
,
Business for the week in the market for wheat flour has been
quiet, the stronger turn to values for the grain failing to
stimulate buyers to any extent. Bids have been made of
$3 75 for new spring patents to arrive and $4 for old do., bot
mills have declined to sell at these prices; in fact, they have
not been offering new spririg-wheat flour. Offerings of new
winter-wheat flour have been fairly free, and with only a
limited demand the tendency of prices has been in buyers'
favor. City mills have been quiet. Rye flour has held
steady, but only a jobbing business has been transacted.
Corn meal has been quiet and easier.
Speculation in wheat for future delivery has been more
active, and there has been a moderate advance in prices.
The monthly Bureau report issued on Monday gave the condition of the crop not as favorable as many of the trade
expected. The private crop reports from the Northwest circulated during the week have not been of as favorable a
tenor as previously. Wet weather was complained of, and
there also was talk of damage from the Hessian fly. Another
factor that had a favorable influence was reports of extensive
buying by exporters. The sales reported at the eeaboard
markets to shippers were large, and Chicago advices stated
that large export sales were made in that market. Bear
operators who had put out extensive short lines during the
recent decline in prices turned buyers to cover their contracts, and this demand, coupled with the features above
noted, turned the market stronger. Thursday, however, the
market again turned easier, reflecting weaker cable advices,
more favorable weather reports from the Northwest and a
At the close of
full movement of the winter-wheat crop.
the day September contracts advanced sharply and with it
came rumors that a deal was contemplated. To-day the
market was finner. Buying by shorts on rumors of a squeeze
The spot market
in September oontracts was the feature.
was moderately active and firmer.
.
DAILY CLOSING PRICES OP NO. 2 BSD WUfTBB WHBAT
Cash wheat
H
THE CHRONICLE.
16, 1902.]
Sat.
Aug. 9
—
.
Pennsylv.
95
91
51
93
100
103
97
101
91
67
88
88
38
78
86
92
90
102
99
90
90
67
81
83
41
95
94
82
57
29
19
57
36
73
85
70
78
48
57
53
92
89
87
70
74
84
88
78
83
87
89
64
88
88
87
87-5
54-0
81-3
Av'ge U.S 86-5
87
1
Si
s
Si
5»
82
88
106
94
99
90
95
91
98
87
76
73
93
86
31
85
92
90
93
85
89
85
84
84
83
80
85
72
92
86
69
86
85
89
83
96
102
104
98
97
82
89-9
86-5
87-0
S
-A
86
105
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
87-5 189-5
91
83
ICO
78
83
94
90
90
94
95
95
103
96
95
89
905
The Statistician estimates the winter-wheat crop at about 380.000,.
000 bushels, or an average of 13'3 bushels per aore. While this estimate
is subject to revision, threshing not being sufficiently advanced in the
more northerly sections of the winter-wheat belt to justify the making
of a definite final estimate at this time, it is based on reports of yield
per aore, iu bushels, received from correspondents and speolal field
agents.
If the estimate Is higher than was indicated by previous
reports of condition, It is due to the fact that the crop is turning out
somewhat better than was expeoted. The estimated average yield per
acre in the principal states is as follows, the States being arranged In
order of acreage: Kansas. 8-7; Missouri, 18"2; California, 15; Indiana,
15; Ohio, 16; Illinois, 166; Nebraska, 22; Pennsylvania, 15; Oklahoma. 11'6; Miohlgan, 17*4.
The average oondltlon of spring wheat on August 1 was 89-7, as
compared with 92-4 last month; 80-3 on August 1, 1901; 56-4 at the
corresponding date in 1900 and a ten-year average of 80. There was
a decline during July ot 2 points in Minnesota, 3 lu North Dakota. 9 in
Nebraska and 12 in Iowa. On the other hand, the crop of South Dakota is reported at 1 point higher than even the high figure, 94, reported last month, and the oondltlon In Minnesota, North Dakota and
Nebraska, notwithstanding the decline above mentioned, is still considerably above the ten-year average.
The average oondltlon of oats was 89*4, against 92-1 last month,
73*6 on August 1, 1901, 85 at the corresponding date in 1900, and a
ten-year average of 82-2. There has been an improvement of 1 point
in Indiana, 5 points in New York, 7 in Pennsylvania and 8 In Ohio.
On the other hand, there has been a decline of 1 point in Michigan
and Minnesota. 2 points in Illinois. 3 in Wisconsin, 9 In Nebraska and
12 In Iowa. All the prlnaipal oat States, however, whether reporting
an improvement or a deoline, still have an average oondltlon comparing favorably with their ten-year averages.
The proportion of the oat crop of last year still in the hands of farmers is estimated at 4*2 per cent, as oompared with 5-9 per cent of the
crop of 1900 in farmers' hands one year ago and 6*8 per cent of the
crop of 1899 In farmers' hands two years ago.
The average oonaltion of barley declined 3-5 points during July, but
on August I It was still 3*3 points higher than at the corresponding
date in 1901, 186 points higher than on August 1, 1900, and 6-8
points above the mean of the ten-year averages. During July there
was an improvement of 4 points in New York and a deoline of 1 point
in Kansas and Washington, 2 points in California and North Dakota,
4 in Minnesota, 5 in Wisoonsin and 8outh Dakota and 8 in Iowa.
The average condition of spring rye improved 1-2 points during
July. On August 1 it was 6 9 points higher than at the corresponding
date last year, 14-5 points higher than on August 1, 1900, and 5-3
-
,
:
;
THE CHRONICLE.
354
above the mean of the average for the past ten years. The conditions
In the principal States are as follows: Wissoasta, 10); Nebrasln, 83,
and MlDDeiota, 93. Bat one of tie prinolpal States, however, shows
an Improvement in o jndttton daring th» month. Wisoonstn Is 2 p Ma ts
above the average of last month and Nebraska and Minnesota show
deolines of 5 and S points, respectively.
Preliminary returns lodloaM a rieoroase of about 6,000 acres, or
8
per cent, in the aoreagein buokwheit as oompared with that of last
year. The average condition of buckwheat is 0'3 points higher than
at the corresponding date last year, 3 5 higher than on August 1
1900, and 1*4 points above the mean of the August averages for the
Sast ten years. The conditions in the principal 8tates are as follows:
ew York, 89; Pennsylvania, 92; Mlohigan, 83; Wisconsin, 95; Maine
and West Virginia, 99.
The average condition of potatoes improved 1*9 points during July,
and on August 1 it was 32'5 points higher than at the corresponding
date last year, 6°6 points higher than on August 1, 1900, and 111 points
above the mean of the August averages for the past ten years. Tne
conditions in the principal States are as follows: New York, 92; Michigan, 84; Wisconsin, 98; Pennsylvania. 195; Iowa, 103; Ohio, 94; Illinois, 97, and Minnesota, 99. During July there was a decline of 1
point in Ohio and 2 points in Mlohigan and Iowa. There was an improvement of 1 point in Illinois, 4 in Wisconsin, 7 in Minnesota and
11 in Pennsylvania, while reports from New York Indicate no change
during the month.
-
The condition
of the various crops on Aug. 1 is given below.
1902. 1901.
1900.
1899.
1898.
1897.
1896.
86-5
54-0
87-5
89-9
96-0
87*0
89-7
80-3
56-4
86-7
83-6
965
78 9
90-5
83-6
76-0
89"0
89-8
88'0
937
89-4
73-6
85-0
84-2
88-0
773
90 8
90-2
86-9
71-6
87-5
82*9
93'S
79.3
94-8
62-3
77-9
94-3
83-9
88 2
93
81*9
77-2
76'0
91'2
80-1
869
840
91-4
91-1
87-9
93-2
87-2
94-9
96-0
8W
Corn
Spring wheat
Spring ryt\.
Oats
Barley
Potatoes
Cotton
LXXV.
[Vol.
Heavy-weights for quick consumption are in limited request,
but the market is generally clean. There has been no new
feature of importance in connection with overcoatings or
cloakings, For woolen and worsted dress goods the demand
is still generally restricted to staple lines, few fancies being
on the market for the new spring season. The tone of the
market is firm.
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending Aug. 11 were 2,334
packages, valued at $147,007, their destination being to the
points specified In the tables below
1902.
NEW YOBK TO
1901.
AUG. 11.
Week. Since Jan.
Great Britain
8
S
1,851
....
....
Since Jan. 1.
3,120
793
10
959
240
542
91
229
874
S46
88.925
12,558
13,446
5,910
15,005
1,407
6,651
31,443
8,676
509
59
38
703
23
65,592
2,708
80,398
6,488
13,669
1.283
5,068
87,925
5,007
2,834
180,065
1,337
172,152
_
Ohlna
Week.
1.
West Indies
South America..... .........
other Count ri es —-.
.
The value of the New York exports since Jan. 1 to date
bae been $8,274,615 In 1902, against $7,617,569 in 1901.
The market for heavy brown sheetings and drills has been
Buckwheat
dull this week, with prices tending in favor of buyers. The
Government AVeekly Grain Report.— Mr. James Berry, home demand continues indifferent and there is no help from
Chief of the Climate and Crop Division of the U. S. Weather the export trade, buyers for the chief foreign outlets still
Bureau, made public on Tuesday the telegraphic reports on being out of the market. Light-weight sheetings are quiet.
the grain crops in the various States for the week ending Busine s in drills is moderate at previous prices. Brown
Aug. 11, as follows:
o jnaburgs are dull and barely steady. There is no change in
Weathek— Portions of Virginia, the Oarolinas, Georgia, Tennessee, the prices of denims, but a moderate demand is realily met.
Northern Alabama, Southeastern M ssourl and the Lower Ohio Valley
continue to need rain, and drought oonditi >ns have developed to soma Tickings are irregular; other coarse, colored oottons steady.
extent in portions of Nebraska, South Dakota and Nor 'hern Wiscon- A moderate business made up of small orders is reported in
sin. The principal agricultural distriots elsewhere east of the Rooky
bleached muslins at previous prices. Wide sheetings are dull.
Mountains have experienoel very favorable conditions with respeot Cotton flannels and blankets quiet. Kid finished cambrics
Mi
moisture,
with
the
exception
of
porti
of
tha
L»tte
region.
idle
ms
to
fair business has been done in
Atlantic States and New England, where too muoh rain fell. The tem- are quiet but steady.
perature condition* were favoraoie, exoept over the northern por- regular prints at steady prices for both fancies and staples.
tions of the Missouri and Upper Mississippi valleys, where it was too Ginghams continue very firm.
Fine yarn fabrics for next
cool daring the latter part of the week, wub. light frost in Minnesota
and eastern South Dakota, while some inj lry was caused by exoesslve spring in steady request. Print cloths are unchanged in
heat in Kansas and Oklahoma In tha eariy part of the week On the price at Fall River, but easier in outside markets; demand
Pacitlo ooast the week wa< hot and dry, and while the oonditlons were quiet.
favorable for harvesting they were detrimental ,to growing crops in
Foreign Dry Goods,— Business in.fine grades of worsted
Washington and Oregon.
Cobn.— The oorn crop has experienced another very favorable week, dres i goods sho «vs an improvement, with a firm market. Silks
and the general oat cok in the principal oorn States continues very and ribbons show a hardening tendency. Linens are very
promising. In portions of southeastern Missouri and southern Illinois
Burlaps are tending
the orop, however, is suffering severely from drought, and ralo w oulu firm, but current business moderate.
prove beneficial in South Dakota and in a few soutlum oountim in upwards, with strong foreign markets.
Nebraska. Late oorn in Oklahoma and Kansas sustained some injury
Importations and Warehouse Withdrawals of Dry Goods
from exoesslve heat in the early part of the week.
The importations and warehouse withdrawals of dry goods
Wjnieb WHE4T. -The thrashing of winter wheat Is muoh belated in
the Lake region and the northern portion of the Middle At.antlo at this port for the week ending Aug. 14, 1902, and sinoe
States. Harvesting continues in the North Paoltt a ooast region, with
January 1, 1902, and for the corresponding periods of last
disappointing yields in portions of Oregon.
Spking Wheat.— Spring-wheat harvest is nearlng completion in the year are as follows:
southern portion of the spring-wheat region, and is advancing rapidly
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There has been a large attendance of buyers in the m irkefc
this week, and the jobbing trade baj benefited materially
thereby, local jobber i recording a lar«e business in their vaRepons from out-of-towa disribu'ing
rious departm-nts
centres are also satisfactory, not only in connection witu
current trade, but as to future prospic.s. The excellent
crop outlook is regarded as a guaranty of a large business for this fall and for next spring. In spite of this the
market at first hands has again been generally quiet, aud
the business done has been smaller than usual for Che time
of year in the cotton goods division. Ic becomes more apparent each week that buyers of general lines of cotton goo Is
are not apprehensive of higher prices and are therefore content to adhere to a hand-to mouth policy, and whatever is
gained in the volume of business passing is owing to the
growth of pressing requirements. In this connection cottoncrop prospects are the chief factor, there being a widespread
belief in a large crop and lower prices later on for raw ma
terial.
In some directions sellers are being hardly tried by
this condition and find it difficult to keep prices stealy.
Woolen Goods.— The business done during the past week
has firmly established the advances made in the opening
prices of light-weight worsted fabrics for men's weir, and
has shown that in some of the woolen lines there may be
higher prices realized later on. Tnere has been no enthusiasm shown by buyers, but they are evidently making fairly
full provision for their first round of requirements, and a
considerable volume of orders has been placed by them.
From the opening of the light-weight season to date the
business secured by sellers is of fully average proportions in
the aggregate, with a number of lines so well covered that
they have for the time being been withdrawn from the marTne situation has a healthy appearance throughout.
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THE DRY GOODS TRADE
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— —
August
:
THE CHRONICLE.
16, 1902.]
Qlxtomtle.
all
in
$10 00
6 00
13 00
7 50
European Subscription (including postage)
European Subscription Six Months (including postage)
The Investors* Supplement is furnished without extra charge to
every annual subscriber of the Commercial and Financial Chronicle.
The State and City Supplement is also furnished without extra
charge to every subscriber of the Chronicle.
The Street Railway Supplement is likewise furnished without
extra charge to every subscriber of the Chronicle.
The Bank and Quotation Supplement, issued monthly, is also furnished without extra charge to every subscriber of the Chronicle.
Terms'of Advertising— (Per Inch Space).
Two Months
Three Months (13 times)
$29 00
Six Months
(26 times) ... 50 00
Months
times)
Twelve
..
87 00
00
(52
$22
(8 times)
.
WILLI* IUIB. DANA COMPANY,|Pul>ll8hcrs,
Pine
Street,
corner of Pearl Street,
NEW YORK.
Post Office Box 958.
Hamilton County, Kan.— Bonds Invalid.— The Hartfoid
(Conn.) "Courant" on August 7 contained the following
:
A spec'al
dispatch from St. Paul, Minn., says that the United States Court of
Appeals has decided that the Hamilton County (Kan.) bonds bought by the
AetDa Life Insurance Company of this city were purchased illegally. The
county denied that the Aetna made a legal purchase, ana the lower Court sustained this view in a case instituted by the Aetna, and this has been sustained
by the appellate (\urt. The snuont Involved is said to be t7&,60<'. President
Morgan G. Bulkeley of the Aetna -aid yesterday alternoon that he had no information on the matter other than that contained in the dispatth. His company was 'nterested with others tu the suits which concerned the bonds mentioned. So far as bis company was <oncerned. ihe hook value of the Hamilton
County bonds it owned was I9.S5&. He could not s-ay whether the case had
been brought to final iesue or whether it would he taken to the Supreme Court.
—
&
—
Paducah, Ky.. Aug. 12.— Judge Evans of the United States Court at Louisvile has decioed that the old Chicago St. Louis & Paducah Railroad bonds for
$100,000 are valid, and that the city will have to pay back interest with $10,000
damages to Koberts & Co. of New Vork.amountiig to $25,00o. The bonds were
The question of validity
issuea to get the ralrcad to come here, w hich it did
was raised Ave years *go in ihe City Council, when City Attorney K. T. Lightfoot Instructed the Council not to pay the bonds, as they were invalid because
the city had voted on three railroad propositi ns at once, which he contenoed
was utconstitutknal. Judge Ev;,ns says these are llirusy technicalities. Roberts & Co. of New York refunded the bonds. The refusal of the city to pay the
boDds and interest as they became due greatly impaired its ciedit.
Call.— The County Commis-
sioners have called for payment Oct. 1, 1902, at the office of
the County Treasurer or at the Citizens' National Bank of
Cumberland, all outstanding bonds cf the county authorized by Chapter 43, Laws of 1892, Chapter 249, Laws of 1894,
and Chapter
67,
Laws
of 1898.
Clatsop Connty, Ore.— Warrant Call— The County Treasurer has called for payment all warrants drawn on the gen
eral fund and endorsed between March 23, 1901, and May 1,
1901.
Multnomah County, Oregon.— Warrant Call.— John M.
Lewis, County Treasurer, has called for payment county
warrants Class C drawn upcn the road fund that were presented and indorsed " Not paid for want of funds "from
Aug. 9, 1901, to Aug. 12, 1901, both dates inclusive.
Wheeling, W. Va.— Bond Call.— Numerous bonds have
been called for payment Sept. 1, 1902, at the Bank of the
Ohio Valley in the city cf Wheeling, the details of which
may be tbtained by addressing the Commissioners.
Bond Proposals and Negotiations
week have been
as follows
th.it
:
Akron, Ohio.— Bond Sate.— On August 9 58,000 5% St. Clair
improvement bonds were awarded, $1,500 to the Firemen's Pension Fund at par and $6,500 to Denison, Prior &
Street
Co., Cleveland, at 100 308.
Alexandria, La.— Bond Election.— An election will be held
en Sept. 24 to vote on the issuance of $25,000 city-
in this city
hall bonds.
Allegany County, 3L6.—Bond Offering.— Proposals will be
until Sept. 9 by C. F. Kenneweg, President
County Commissioners, for $90,000 4% floating-debt bonds
maturing $45,000 Oct. 1, 1903, and $45,000 Oct. 1, 1904, and
$210,000 8^£ re funding bonds, maturing $10,000 yearly on
received
lowing are the bids
103-70
Oeo. M. Hahn, New York
Riverhead Savings Bank
O'Connor & Kahler, New York. 103-036 Patchogue Bank
I
|
102-607
101-60
For description of bords see Chronicle July 26, p. 2C3.
Bridge ton, N. J —Bond Sale.- On August 9 the $25,000 4%
school bonds described in the Chronicle last week were
awarded to the Cumberland Trust Co. of Bridgeton at 102-70.
Burwell School District No. 15, Garfield County, Neb.—
Bond Offering.— Proposals will be received until 7 p. m.,
Sept. 2, by Guy Laverty, Director, for $6,500 5% 20-year
bonds. Authority, vote of 66 to 5 at recent election. Denomination, $500. Date, Sept. 1, 1902. Interest, semi-annual. Maturity, 20 years, optional after 10 years. Certified
check or cash for $500 required.
Butte School District No. 1, Silver Bow County, Mont.—
Bond
is reported tlat the $1(0,000 4% 10 2uyear (opcoupon bonds offered but not sold on June 3 have
been disposed of to Rudolph Kleybolte & Co., Cincinrati, at
tiate- It
tional) gold
96 50.
Cauajoharie (Town), Montgomery County, N. Y.- Bond
Offering.— Proposals will be received until Aug. 18 by B. F.
Spraker, Supervisor of Tcwn of Palatine, at Canajoharie, for
$30,000 %%% gold bridge bonds. Denominations, twenty six
of $1,000 each and two for $2,000 each.
Date, Aug 15, 1902.
Interest payable annually on February 1 at the Importers.'
Traders' National BaDk, New York City. Maturity, $1,000
yearly from 1903 to 1928, inclusive, and $2,(00 in 1929 and
also in 1930. See offering by town of Palatine elsewhere.
These bonds were offered as 3 per cents on August 1, but
were not sold.
Canisteo, Steuben County, N. Y.— Bonds Authorized. The
Board of Supervisors, at a special meeting held August 12,
authorized this tcwn to issue $9,000 4% 1-9-year (serial) highway -repair bonds.
Canyon Connty, Idaho. Bond Election.— An election will
be held Nov. 4 to vote en the question of issuing bonds for
bridge purposes.
Chelsea School District No. 3, Taylor County, Wis.—
Loan Negotiated.— loan of $700 has been obtained from the
State of Wisconsin.
Chenango Connty, N. Y.—Bond Offering.— This county
will sell at public auction aMO a.m., Sept. 4, at the Chenango
National Bank of Norwich, $35,(00 3>£# bonds. Denomination, $500.
Date, Aug. 1, 1902. Interest semi-annually at
the Chenango National Bank of Norwich. Matuiity, $5,000
yearly on Feb. 1 from 1903 to 1909, inclusive.
certified
check for $500 will be required of the successful bidder. Q-.
H. Butterfield is Chairman Boaid of Supervisors.
Cheviot, Ohio.— Bond Offering.— Proposals will be received
until 12 M., Sept. 9, by George B. Tait, Village Clerk, at the
office of Louis Reemelin, Room 308, Bell Block, Cincinnati,
for $599 5% 1-5-year (serial) bends. Denomination, $119 80.
Interest, annual. Date, Aug. 1, 1902.
Cincinnati, Ohio.— Bond Offering.— On August 7 a resolution was passed providing for the issuance of $180,000
%%% bonds for the purpose of securing sites and otherwise
complying with the terms of a gift recently made by Andrew
Carnegie for the establishment of branch public libraries.
Proposals for these bonds will be received until 12 H., September 9, by the Board cf Trustees of the Public Library of
the School District of Cincinnati. Date, Oct. 1, 1902. Interest semi-annually at the Atlas National Bank, Cincinnati.
;
&
Bond Calls and Redemptions.
Md.— Bond
ing Co. of Bellevue.
Bellport Union Free School District No. 28, Town of
Brookhaven, Suffolk County, N. Y.— Bond Sale.— The $15,000 4% 4-18 year (serial) bonds offered for sale on July 31
The fact were awarded to the Riverheaa SaviDgs Bank at 10370. Fol-
Galveston, Texas. August Interest Not Paid.
that the interest due on August 1 on the $300,000 5% sewer
bonds was not paid has been the subject of much die cussion
Co. of
between Mr. Alfred Holzman of Feder, Holzman
Cincinnati and the Board of City Commissioners. These
bonds were paid fcr by the Cincinnati firm after the greatstorm of September, 1900, and Commissioner of Finance and
Revenue, I, H. Kempner, recommends that on this account
special effort should be made to pay the interest. It seems
that the fund set aside for the payment of the interest on
these sewer bonds is some $1,100 short cf the required
amount, and that the delay in meeting the coupons is due to
the uncertainty ss to whether or not this sum can be taken
from some other fund.
Padocah, Ky. Bonds Valid. The following is frcm the
Cincinnati "Ecquirer:"
Allegany County,
of 1902.
H
Advance:
Supplements
Transient matter (each time) $4 20
STANDING BUSINESS CARDS.
from 1905 to 1925, inclusive. Authority, Chapter 115,
Date of bonds, Oct. 1,1902. Interest, semiannual. Denomination, $500. Bonds are exempt from State
and municipal taxation in the S f ate of Maryland.
At hoi, Mass.— Bonds Vc ted.— The issuance of $20,C00 sewer
bonds was authorized at a special town meeting held Aug. 8.
Austin, Texas.— Bonds Refunded.—On August 6 the Mayor
and Finance Committee refunded $6,000 of the old
water
and light bonds into new %% refunding bonds. The total
amount of the new bonds issued up to date is $1,117,000.
Baker Connty (Ore.) School District No. 31.—Bond Offering.— Proposals will be received until 12 3d., August 25, by
R. R. Palmer, County Treasurer, for $4,500 5% 15-year bonds.
Certified check for $150, payable to
Interest, semi annual.
the County Treasurer, required.
Barre, Vt.— Bond Sole.— On Aug. 12 the $60,000 3%% water
bonds described in the Chronicle Aug. 9 were awarded to
N. W. Harris & Co., New York, at 101-15.
Bath, Northampton County, Pa.— Bond Sale,— On Aug. 4
the $20,000 4% 5-30 year (optional) water bonds described in
the Chronicle July 26 were awarded, $1,500 to Stephen Rohr
of Bath at 102, $700 to John Siegfried of Bath at 102 and the
remaining $17,800 to H. F. Buckley & Co. of Easton at 101-50.
Bayou ne, N. J.— Bonds Authorized.— The Council has authorized the issuance of $100,0(0 4% school-house bonds and
$12,500 4% high- school-improvement bonds.
Loans.— The Council on August 5 authorized a 4% loan of
$25,000 in anticipation of the collection of 1902 taxes and a
5£ loan for $10,000 for the water fund, both loans to be made
with the Bayonne Trust Co.
Bellevne, Ohio.— Bond tftie.- On August 13 the $6,500 4<(
water- work s bonds described in the Chronicle Aug, 2 were
awarded to Rudolph Kleybolte & Co., Cincinnati, at 100 80
and interest. The other bidders were the Cincinnati Trust
Co., W. J. Hayes & Sons, Cleveland, and the Wright Bank-
Laws
'£ Ite
PUBLISHED WEEKLY.
Terms of Subscription— Payable
355
Oct. 1
State mis 0»ty Bsrvwivm
For One Year, including
For Six Months
—
—
A
A
———
—
THE CHRONICLE.
356
Maturity, Oct. 1, 1932. Certified check for 5% of bonds bid
for, payable to the Trustees, required.
Cleveland, Ohio.—Bids Rejected.— All bids received August 11 for the six issues of 4% bonds, aggregating $517,000,
were rejected. Bonds were described in the Chronicle July
19, p. 148.
We
are advised that the
Cobourg, Ont.— Debenture Sale.—
$18,000 4% school debentures offered for sale on July 28 have
been disposed of.
Collinwood, 0.— Bond Sale.— We are just advised by the
Village Clerk that the $5,500 5% 5 year Sackett Avenue sewer
bonds offered for sale on June 23 were awarded to Denis on,
Prior & Co., Cleveland, at 104 03. For description of bonds
,
Chronicle May 81, p. 1154.
Columbus, Ga. Bond Election Proposed.— An ordinance
recently introduced in the City Council provides for an
election to be held Dec. 4 to vote on the question of iesuing
A two-thirds
$250,000 4% 1-25-year (serial) water bonds.
see
vote
is
necessary to authorize.
Columbus, Ohio.— Bonds Autlwrized—The City Council on
August 4 authorized the following bonds
:
{285.000 4*
60,000 4%
90.000 4S
176,000 i%
10-30-year (optional)
10-PO-year (optional)
10-80- year (optional)
10-30-year (optional)
Scioto River
dam
bonds.
work-houf>e-lmprovement bonds.
central relief main-trunk sewer bonds.
main-trunk sewer bonds.
Authority, Sections 2835, 2836 and 2837, Revised Statutes
of Ohio as amended. Date, Aug. 1, 1902. Interest semi-annually at office of City Treasurer. These bonds were originally authorized by ordinances passed in June (as stated at the
time), but these ordinances have been repealed and new ones
enacted as above, under authority of the Act passed by the
State Legislature in April, 1902, and which was given in full
in the Chronicle June 21.
Coshocton, Ohio. Bond Sale.— On August 5 the $3,300
4*4% street bonds described in the Chronicle July 26 were
awarded at par, one-half to the Coshocton National Bank
and one-half to the Commercial Banking Co. of Coshocton.
Bond Offering. Proposals will be received until 12 M.,
August 23, by E, M. Wimmer, City Clerk, for $900 4%t streetimprovement bonds, maturing one bond of $150 vearly on
Sept. 1 from 1905 to 1910, inclusive; also $1,300 4%l streetimprovement bonds, maturing one bond of $200 yearly on
Sept. 1 from 1905 to 1909, inclusive, and $300 on Sept. 1, 1910.
Authority, Section 2264, Revised Statutes of Ohio. Date,
Sept. 1, 1902. Interest, March 1 and Sept. 1 at office of City
Treasurer. Purchaser must furnish blank bonds. Certified
check for 5% of bonds bid for, drawn on one of the banks in
Coshocton, required.
—
Condersport (Borough
),
Pa.—Bond
Offering.— Proposals
will be received until 3 p. M., August 25, by Samuel H. Glassmire, Borough Secretary, for $10,000 4% paving and improvement bonds. Denomination, $500. Date, July 1, 1902. In-
semi annual. Bonds are tax free.
Cnero, Texas. Bonds Voted. By a majority of 53, this
place recently authorized the issuance of $10,000 city-hall
bonds.
Duncansville, Pa.—Bond Issue.— We are advised that the
$17,000 4% 5-30-year (optional) bonds offered but not sold on
June 25 are being disposed of to local investors.
Easton, Pa.— Bonds Authorized. The issuance of $15,000
%%<& bonds has been authorized.
East Orange, N. J.— Bonds Proposed.— An ordinance is
being considered in the City Council providing for the issuance of $45,000 4% SO-year school-house-addition bonds.
Elmira, N. Y.—Bond Offering.— Proposals will be received
until 12 M., Aug. 18, by Daniel Sheehan, Mayor, for $40,000
bonds maturing $4,000 yearly on July 30 from 1903 to 1912,
Inclusive. Authority, Section 71, Chapter 615, Laws of
Interest semi-annually. Bidders will state the lowest
r894.
rate of interest at which they will take the binds.
Essex County (P. 0. Newark), N. J.— Bond Offering.— Proposals will be received until 2:30 P. it., August 27, by the
Finance Committee of the Board of Chosen Freeholders, for
$800,000 4% gold ooupon court-house bonds. Denomination,
Date. Aug. 1, 1902. Interest, semi-annual.
Ma$1,000.
Accrued interest to be paid by purturity, Aug. 1, 1940.
chaser. Certified check for $2,000 required with bids.
Fayette, Howard Connty, Mo. Bond Offering.— Proposals
will be received until September 2 for the $5,000 4% 5-20 year
(optional) water bonds which were authorized at an election
held May 31, 1902. Date of bonds, Sept. 2, 1902. Interest
semi-annually at the National Bank of Commerce, St, Louis.
Fergus Connty (P. O. Lewiston), Mont.— Son* Sale.— On
August 5 the $50,000 4\i<& refunding bonds described in the
Chronicle July 19 and June 28 were awarded to the Thomas
Cruse Savings Bank of Helena at 102-02.
Findlay, Ohio.— Bonds Not Sold.— All bids received Aug.
11 for the $150,000 4% water-sapply bonds described in the
Chronicle July 26 were rejected by the Citv Council.
Fonda, N. Y.— Bond Sale.— On August 12 the $32,000 bonds
described in the Chronicle August 9 were awarded to the
National Mohawk River Bank of Fonda at par for 4 per
cents. Isaac W. Sherrill of Poughkeepsie offered to take
Oil bonds and W. J. Hayes Sons, Cleveland, 4J^g bonds.
Forney (Texas) School District.— Bond Offering.—The
Secretary of the Board of Education desires correspondence
looking to the sale of $15,000 4% school bonds recently registered and approved by the State authorities. Denomination,
$500. Date, June 10, 1902. Maturity, twenty years; optional
terest,
—
—
&
after 5 years.
—— —
:
—
Geneva, Ohio.— Bond Sale. The highest bid received Aug.
12 for the $25,000 4}£# sewer bonds described in the Chron-
[Vol.
&
icle July 26 was that of Rudolph Kleybolte
The bids follow :
LXXV.
Co., Cincin-
nati, at 104-848.
R. Kleybolte & Co.. Clnoin... $26,212 00 New 1st Nat.Bank,ColumbUB.$25,SS7
Denison, Prior 4 Co., Cleve. 26,037 00 Spltzer & Co., Toledo
85,850
W.J. Haves & Sons, Cleve... 28.025 00 Seasontrood 4 Mayer, Cincin. 25,815
Cincinnati Trust Co., Clnoin. 2H,001 00 H. K. Weil 4 Co., Cincinnati. 25,8*0
Genera Sav. B'k Co., Geneva. 26.975 (
Feder. Holzman & Co.. Cin... 25,700
State Sav. Bank Co., Toledo. 26,967 60 Lamprecht Bros. Co.. Cleve.. 26,602
P. L. Fuller* Co.. Cleveland. 26,950 00 Columbus Sav. 4 Trust Co.
26,550
.
. .
60
00
00
00
00
50
00
—
Glen Ridge, N "J.— Bond* Authorized. The Borough
Council has decided to issue $25,000 bonds to pay off indebtedness for road improvements without submitting the
question to a vote of the people, as there seems be no opposition to the bond issue.
Goshen, N. Y.— Bond Sale.—On Aug. 1 the $17,000 4%
bridge bonds described in the Chronicle July 19 were
awarded to W. J. Hayes & Sons, Cleveland, at 102 "665 and
interest.
Following are the bidg
W. J. Hayes 4 Sons, Cleveland. 102*666 O'Connor 4 Kahler, New York. 101*83
101*60
R. Kleybolte 4 Co., Cincinnati. 10200
Geo. M. Habn, New York
:
I
|
Dak.— Bond Sale.— On August
4 the $15,000 5%
Grafton, N.
20-year sewer bonds described in the Chronicle July 26 were
awarded to J. L. Cashel of Grafton, at 104-333. Following
are the bids
Cashel, Grafton
$15,650 00 Kane"& Co., Minneapolis
Demson, ITlor 4 Co., Cleve.. 16,460 00 Chas. H. Coffin, Chicago
Sons, Cleve... 16,333 00 D. C. Moore, Grafton
$16,300 00
15,188 00
16,150 00
J. L.
W.J.Hayes 4
Grant Connty (P. 0. Marion), lud.— Bond Offering.— Proposals will be received until 2 P. M.. Aug. 22, by Els worth
Harvey, County Treasurer, for the following bonds
$12,500 6% Farrvllle and Antioch Free Gravel Road bonds.
Denomination,
$600. Date, Sept. 2, 1902. Maturity. $2,000 in 2 years, in 3 years and in
:
6 and 6 years; $1,500 in 4 yearsi in 6 years and in 8 years.
2,500 6% Shinholt Free Gravel Road bonds. Denomination, $600.
2, 1902. Maturity, $500 in 2, 1, 5, 7 and In 8 years.
Interest will be payable semi-annually at
York City.
& Co., New
Date, Sept.
Winslow, Lanier
Hackensack, N. J.— Bond Election.— An election will be
held in this town to vote on the question, of issuing $32,000
municipal- building bonds.
Hamilton, Ohio. Bonds Authorized. The Board has
passed an ordinance providing for the issuance of $30,000 4%
intersection bonds.
—
—
Harrison County, Miss.—Bonds to be Issued. The Board
of Supervisors will probably issue in the near future $40,000
court-house bonde.
Homestead, Pa. Bond Offering.— Proposals will be received until 7:30 p. M., August 18, by John F. Hill, Chairman
of the Finance Committee, for $164,000 4% coupon bonds,
issued for the purposes mentioned in the Chronicle June 21.
Denomination, $1,000. Interest, January 1 and July 1 at the
First National Bank of Homestead, free from tax. Maturity,
$30,000 July 1, 1917; $41,000 July 1, 1922, and $93,000 July 1,
1932.
Certified check for $2,000 required. These are the
bonds offered but not sold on July 81.
Hudson, N. Y.— Bond Sale.—On August 14 the $20,000 %%%
10-19-year (serial) school bonds described in the Chronicle
August 9 were awarded to the Hudson City Savings Institution at par. This was the only bid received.
Iiidianupolis, Ind.— Bonds Proposed. In a communication recently sent by the Mayor to the City Council the issuance of $100,000 bonds is recommended for the construction
of the Fall Creek and other boulevards.
—
Jackson Connty, Texas.— Bond Sale.—The AttorneyGeneral has approved an issue of $8,000 refunding jail
bonds. Bonds have been purchased by the State Board of
Education.
Jefferson Connty, Miss.— Bonds Authorized.—The Board
of Supervisors on August 5 authorized $40,000 improvement
bonds, of which $30,000 are to be issued at once. Bonds
carry 5% interest and will mature in 25 years, optional after
5 years.
Jefferson Connty, Ohio.— Bond Sate.— On August 9 the
$8,000 5% turnpike bonds, maturing Oct. 1, 1908, were awarded to the Exchange National Bank of Steubenville at 103'275.
Following are the bids
:
Ex. Nat. Bank, Steubenville.. $8,262 00 Denison. Prior 4 Co., Cleve. ..$8,183 20
New 1st Nut. Hank, Columbus. 8.245 HO Cincinnati Trust Co., Clncln... 8,15000
P. 8. BriK(*B4Co..Cincln
8,241 60 Columbus Savings 4 Tr. Co.. 8.160 00
!
|
j
State Sav.
Bank
Co.. Toledo... 8,237 60
|
Lamprecht Bros. Co.. Cleve...
8,128 00
bonds see Chronicle Aug. 2, p. 255.
Jersey City, N. J.— Bond Sale.— The Sinking Fund Commissioners have purchased $5,500 4% temporary-loan bonds|to
pay for repairs to No. 10 school, in the Hudson City section.
Kenmore, N. Y.—Bonds Voted.— This village on August 5
For description
of
voted to issue $5,000 gas bonds.
La Jnnta School
District, Otero Connty,
Colo.— Bond
Offering.—This district is offering for sale an issue or $12,000
4$4% 5-15-year (optional) bonds voted last month. Present
bonded debt, $7,000. Assessed valuation, $1,800,000.
Leland, Washington Connty, Miss.—Bond Offering. Proposals will be received until 4 p. m., August 20, by J. H.
Collier, Mayor, for $8,000 5$ school and $6,000 5% eleotriclight bonds. Denomination, $500. Interest annually at the
Western National Bank, New York City. Maturity, twenty
—
Certified check required.
Liberty Center, Ohio.— Bond Sale.—O i August 2 the $3,000
Q% 1 6-year (serial) street-improvement bonds were awarded
to the State Savings Bank Co. of Toledo at 102*70, acorued
Following are the bids
interest and blank bonds.
years.
:
Bank Co.. Toledo.. $3,081 00 Lamprecht Bros. Co.. Cleve.. .$3,060 00
First Nat. Bank, Napoleon.... 3,031 00
Columbus Sav. Bank 4 Trust
Columbus
8,076 00
Co..
State Sav.
W.
—
Bond Offering. Proposals will be
T. Jackson, County Auditor, for $50,000 3%i
Linn County, Iowa.
received by
bonds.
AUGUST
THE CHRONICLE.
16, 1903.]
Linton, Ind.— Bond Sale.— On Aug. 13 the $10,500 school
bonds described in the Chronicle Aug. 9 were awarded to
Rudolph Kleybolte & Co., Cincinnati, at 104 048 for 4% per
cf?nt s
London, Ohio.—Bond Sale.— On August 8 the $1,200 5%
library site bonds described in the Chronicle August 2 were
awarded to P. S. Briggs &Co., Cincinnati, at 107-50. Following are the bids:
$1.890 00
P. 8. RrlBjro A Co.. Ctncin
First Nat. Bank. Barnesvllle.. 1.260 00
Columbus Sav. & Tr. Co.. Col's 1 ,880 00
1
F. L. Fuller
*
Co.. Cleve
$1,227 50
Co.. Cleve... 1,223 00
Lamprecht Bros.
.
I
Long Lake School District No. 4, Washburn County, Wis.
Loan Negotiated. —This district has borrowed $4,000 from
the State of Wisconsin.
Louisville,
Ky.— Bonds Authorized.—The Board
of Alder-
men on August 5 passed an ordinance providing for the refunding on Jan. 1, 1908, of the $998,000 7* railroad bonds
which mature on that date. New bonds are to carry interest
at the rate of 3%f.
Lyons, Neb.— Bond Sale.— C. A. Duling of Lyons put in
the highest bid on August 2 for the $11,000 5£ 5-20-year (optional) refunding water bonds, his bid being 100"50 and interest.
The proposals
A. Dullng, Lyons
A. Kean, Chicago
C.
9.
received follow
$11,065 00
11.U49 60
I
I
C.
H.
:
.$11,000 00
—
Marshall, Mich.— Bond Offering. Proposals will be received nntii 7:30 p.m., August 18, by R. F. Grant, City Recorder, for $22,000 refunding bonds. Denomination, $1,000.
Interest not to exceed 4% and will be payable semi-annually.
Maturity. $2,000 yearly. Certified check for $500 required.
Marsh Held (Wis.) School District— Bond Sale.— The First
National Bank and the American National Bank of Marshfield have purchased at par $12,000 school-house bonds of
this district.
Meridian, Miss.— Bonds Voted.—By a vote of 583 to 25, this
on August 4 authorized the issuance of $150,000 water-
city
works bonds.
Miamisburg (Ohio) School District.— Bonds Defeated.—
Tbe election held August 4 resulted against the issuance of
$35,000 school- building bonds.
Milton, Mass.— Bond Sale.—On Aug. 12 the $315,000 3%%
coupon water bonds described in the Chronicle Aug. 9 were
awarded to R. L. Day & Co., Boston, and Estabrook & Co.,
Boston, at their joint bid of 101-92—a basis of about 3'339#.
Following are the bids
R. L. Day & Co. and Estabrook
N. W. Harris & Co., New York. .101-486
101-92
ACo., Boston
Parkinson & Burr, Boston
lfi-25
Farson, Leach & Co.. New York. 101*85
Merrill. Oldham & Co., Boston.. 10rC47
These bonds are issued under authority of a vote passed at
a town meeting held July 14, 1902, to purchase the property
and rights of the Milton Water Co,
Milwaukee, Wis.—Bonds Authorized.— The City Council
has authorized the issuance of $100,000 bridge and $100,000
;
street-improvement bonds.
Mineoia (Texas) School District.— Bonds Voted.— This
district on August 4 voted to issue $8,000 school house bonds.
Minneapolis, Minn. Bonds Authorized. The Aldermen
have authorized the issuance of $250,000 water works bonds.
Missoula, Mont.— Bond Offering.—The City Council will
sell at public auction at 2 p. m. September 8, an issue of
$93,000 4%% coupon refunding bonds. Denomination, $1 ,000.
Interest, January 1 and Juiy 1 at the office of the City Treasurer or in New York City. Maturity, Nov. 1, 1922; optional
after Nov. 1, 1912. Each bidder is required to deposit with
the City Treasurer a certified check or cash for $930. William
—
,
Murphy
is
City Clerk.
Ala.— Bond Bids.— Following are the bids
ceived August 5 for the $200,000 5£ paving bonds
_ _„ „ ._ l$50,O00@10O-76| John B.Weakley. $60,000
„,
City Nat. B k, Mobile.. I 6O,000@101-0O
Mobile,
re-
:
.
_
8.
„
A. „
Kean (no check)
.
,
.
|
(200,OOu@KO-51
105-00
New
First Nat. Bank,
(for 6 per cents)
96-00
Columbus
95-00
|
As
stated last week, the bonds were awarded to the City
National Bank of Mobile at 100 51.
Monticello, Minn.— Bond Offering.— Proposals will be received until Ang. 30 for $4,000 4%% 6 10 year (optional) gasplant bonds and $10,000 4%% 10-20-year (optional) water
bonds.
Denomination, $5(0.
Date, Oct. 1, 1902. Interest, semi-annual.
W. J. Thompson is Village Recorder.
Morgan School District No. 56, Redwood County, Minn.
—Bond Offering.— Proposals will be received until 7 p. m.
Aug. 25, by Albert Hauser, District Clerk, for $4,000 4%
8-11-year (serial) bonds.
Denomination, $1,000.
Date,
Sept. 1, 1902. Interest, annual.
Morgantown, Ky.— Bond Offering.— Proposals will be received until 12 M., August 23, by N. T. Howard, Chairman,
or G>. V. Willis, Secretary of Committee, for $9,000 4% water
bonds. Denomination, $500. Date, Sept. 1, 1902. Interest
annually at the Morgantown Deposit Bank.
Maturitv,
Sept. 1, 1922. Certified check for 10£ of bids, payable to J. E.
Doohn, Treasurer, required. This is the first debt of any
kind incurred by the town. Assessed valuation, $310,000;
real value, about $500,000.
Mount Clemens, Mich.—Bonds Proposed.— The suggestion
made that $75,000 bonds be issaed for improvement
has been
357
Bond Offering.— The Common Council will receive bids
until 8 P. M,, August 19, for $50,000 3)4,% deficiency bonds,
maturing $10,000 yearly on Aug. 15 from 1927 to 1931, incluSecurities are in denomination of $1,000, dated Aug.
sive.
Interest semi-annually at the office of the City
15, 1902.
certified check for $1,000, payable to the city
Treasurer.
N. Hoyt
of Mount Vernon, must acoompany proposals.
is City Clerk.
are advised that
Navajo County, Ariz.— Bond Issue.
the new $43,000 5% refunding bonds recently authorized by
the United States Congress will not be put on the market,
but will be taken by the owner of the old bonds in exchange.
New Brunswick, N. J.— Bond Sale.— On August 12 $12,000
Brunswick
4% public-library bonds were awarded to the
A
Wm.
—We
New
Trust Co. at 110. Following are the bids
110-00
Farson, Leach &Co.. New Tork.104-615
New Brunswick Trust Co
106-00
Jno. D. Everitt & Co..N. Y ....104-16
Hugh Boyd
W. R. Todd & Co., New York.. .1< 000
Thompson, Tenney & Crawford,
105-581
New York
Date, Sept. 1, 1902. Interest, semi-annual. Maturity,
:
I
I
|
I
1, 1932.
Sept,
Newman, 111.— Bond Offering.—This
city is offering for
sale four $100 5% 1-4- year (serial) special-assessment bonds.
We
Coffin (less $200 for at-
torney's f ees)
Marquette County, Mich.— Bonds Authorized.— The Supervisors have authorized the issuance of $120,000 courthouse bonds, to carry interest at a rate not exceeding 3%%.
L.
—
— — —— —
—
are
Newton County, Texas. Description of Bonds.—
advised that the $24,000 court-house bonds recently sold to
the State Board of Education were purchased at par. They
are 10-40 year (optional) bonds.
Northampton, Mass. Change in Maturity of Bonds. The
oity government has changed the maturity of the $50,000
3H% gold bonds recently awarded to Merrill, Oldham Co.,
Boston, from $5,000 yearly on Aug. 1 from 1912 to 1921, inclusive, to $5,000 yearly on Aug. 1 from 1903 to 1912, inclusive. This was done, as the purohasers of the bonds raised
a question as to their validity if made to mature as originally authorized.
North Bend, Ohio. Bond Offering. Proposals will be received unill 12 M., Sept. 15, bv W. D. McClurkin, Hamlet
Clerk, for $10,000 4% 30-year sidewalk and $10,000 4% 30-year
street-improvement bonds. Authority, Sections 2835 and
Denomination, $500. Date,
2837, Revised Statutes of Ohio.
Aug. 1, 1902. Interest semi-annually at the Second National
Bank of Cincinnati. Certified check for \% of the amount of
bonds bid for required.
—
&
—
North Milwaukee, Wis.— Bonds Voted.— This
village
on
by a vote of 106 to 3, authorized the issuanoe of
$30,000 bonds for a water system.
North Plain field, N. J.— Bonds Voted.—At an election held
in this place on Aug. 12 the question of issuing $10,000 4%
gold bonds for the erection of a building for fire headquar-
Aug.
12,
ters carried.
Oak Grove School District No. 7, Dodge County, Wis.
Loan Negotiated.— On. August 6 this district borrowed $3,000
from the State of Wisconsin.
Oakland, Md. Bond Sale. This town, according to local
papers, has sold an issue of $8,000 4% street- improvement
bonds to the Garrett County Bank of Oakland at par less
3 34% commission.
Oconto Falls (Wis.) School District No. 2.—Bond Sale.—
—
This district has negotiated a 3%% loan of $10,000 with the
State of Wisconsin.
Okmnlgee, Creek Nation, I. T.— Bond Sale.— On August 5
the $20,000 30-year school-house bonds described in the
Chronicle August 2 were awarded to the Oklahoma Bond
Trust Co. of Guthrie as 5 per cents at 10375, blank bonds
and other expenses. Bids for $>% bonds were received as follows
The Lamprecht Bros. Co., Cleveland, at 103 55, and
Chas. H. Coffio, Chicago, at 103 005.
Omaha, Neb.— Bond Ordinance Repealed.— We are advised
that, owing to a technical error, the ordinance recently
passed providing for the issuance of $200,000 funding bonds
has been repealed. A new ordinance has been introduced to
authorize these bonds. Interest, 3^0, payable semi-annually
at Kountze Bros., New York City. Maturity, 30 years. Date,
&
:
Sept.
1,
1902.
Palatine (Town), Montgomery County, N. Y.— Bond Offering.— Proposals will be received until August 18 by B. F.
Spraker, Town Supervisor, at Canajoharie, for $30,000 3%i
gold bridge bonds. Denominations, twenty-six of $1,000
each and two tor $2,000 each. Date, Aug. 15, 1902. Interest
payable at the Importers'
Traders' National Bank, New
York City. Maturity, $1,000 yearly from 1903 to 1928, inclusive, and $2,000 in 1929 and in 1930.
See offeriDg by town
of Canajoharie elsewhere. These bonds were offered as 3
per cents on August 1, but were not sold.
Palo Alto, Cal. Bond Election.— An election will probably be held in the near future to vote on the question of issuing $40,000 municipal bonds.
&
Palo Alto School District, Santa Clara County, Cal.—
district on Aug. 6 sold an issue of $6,500 5%
bonds to Charles B. Younger Jr. at 104 79.
Park Falls School District No. 2, Price County, Wis,—
Bond Sale.— This
Loan Negotiated.— A 3)4% loan
of $7,000 has been obtained
from the State of Wisconsin.
Pasadena (Cal.) School District.— Bonds Voted—At the
election held August 5 the proposition to issue $100,000 4%%
high-school-building bonds carried by 66 votes in excess of
the two- thirds majority required.
Nothing definite has as yet been done in the matPeabody, Mass.— Bonds Voted.—This town has voted to
ter.
Winfred Ferrin, Deputy City Clerk.
issue $150 000 3\tf> 1-30-year (serial) water bonds. Date of
Mount Ternon, N. Y.— Bond Sale:— On Aug. 12 the $40,- sale not yet determined.
000 4% tax-relief bonds described in the Chronicle Aug. 2
Bond Sale.- On Aug. 14 the $95 000 3%% 1-19-year (serial)
were awarded to Farson, Leach & Co., New York, atl00375. school bonds described in the Chronicle Aug. 9 were awardpurposes.
?
———
—
THE CHRONICLE.
358
ed to R. L. Day & Co. and Merrill, Oldham & Co. of Boston at a price said to be 101 -079 -a basis of about 3-372 per
Penngrove, N. J .—Description of Bonds.— We are advised
that the $35,000 water and electric-light bonds recently authorized will carry 4$ interest, payable in gold. Denomination, $500.
Date, Sept. 1, 1902. Maturity, 30 years. Date of
Santa Cruz County (P. 0. Nogales), Ariz.— Bond Offering.—Proposals will be received until September 1 by Phil.
Herold, Clerk Board of Supervisors, for $35,000 5% courtbouse and jail bonds. Denomination, $1,000. Interest, an-
PocomokeCity, Hi.— Bond Sale.-Oa August 9 the $11,500
5% improvement bonds described in the Chronicle Augu3t 2
were awarded to W. J. Hayes & Sons, Cleveland.
Pulaski County, Ind.— Bond Sato.— This county has sold
to E. M. Campbell & Co., Indianapolis, an issue of $37,000
4.}4<Z 20 year gravel road bonds.
Ouanah, Texas.— Bon is Approved.— The Attorney G-eneral
has approved an issue of $8,000 water works bonds.
Red Lake County, Minn.— Bond Sale.—An issue of $47,000
A.%% 10-year ditch bonds is reported to have been sold to
Thorpe Bros, of Minneapolis at 100*50.
Rirerside, Cal. Bjnds Not to be Issued.— The issuance of
$300,000 water and light bonds was recently under discussion in this city, but we are now advised the matter has
been dropped.
Rockwall, Texas.— Bond Sale.— The $12,000 5% 5 20-year
(optional) water bonds voted last May have been registered
by the State Comptroller. These bonds have been sold to
the State School Fund.
At a special election held
St. Clair, Mich.— Bonds Voted.
Aug. 7 the issuance of $35,000 pavement bonds was authorized by 18 votes more than the two thirds required.
nnal. Maturity, 30 years, optional after 10 years. Bonds
issued under the authority of an Act of the United States
Congress approved June 5, 1902. Certified check for 5% of
bonds bid for required. These bonds were offered on July 21
and again on Aug. 4, but interest rate was limited to 4% and
bonds were not sold.
Schulenburg, Texus. —Bonds Approved.—The AttorneyGeneral on Aug. 8 approved an issue of $11,000 water-works
bonds.
Schuylerville, N, Y.— Water Works Voted.—This village
has voted to build a water plant to cost not more than $60,l
Bonds will be issued.
Stromsbarg, Neb. Description of Bonds. —We are advised that the $9,000 refunding bonds, which we stated last
week had been sold to Nelson C. Brock of Lincoln, carried
5# interest. The bonds are subject to call $1,000 yearly.
Sweetwater (Texas) Independent School District.—
Bond Offering. Proposals will be received until 12 M. August 20, by H C. Hord, President School Board, for $12,000
Denomination, $1,000. Date,
4% 15-20-year (optional) bonds.
June 10, 1902. Interest semi annually in Austin. District
has no other debts. Assessed valuation, $575,000; real value
given as about $L, 000,000. Certified check for $500 required.
Swi!>svale, Pa. -Bond Sale.— The $20,000 4% sewer bonds
offered for sale on July 28 were awarded to the Braddock
National Bank at 100*225. Bonds were described in the
Chronicle July 26, p. 208.
Syracuse, N. Y.— Bonds Hot Sold.— We are advised by the
City Comptroller that, owing to an error in the ordinance
000.
—
—
Salem, Mass. Temporary Ijoan.—The Committee on
Finance of the City Council recently borrowed temporarily
from Blake Bros. & Co., Boston, the sum of $30,00i) at 4%
This
interest, the Boston firm allowing $3 as a premium.
makes $330,000 whioh the city has borrowed temporarily the
—
Sandusky, Ohio. Bonds Authorized. Tha Council has
authorized the issuance of $45,000 bonds to purchase 400
acres of land in the eastern part of the city to be given to
manufacturing plants locating therein.
Salisbury (Mo.) School District. -Bond Sale— Geo. M.
Bechtel & Co., Davenport, were the highest bidders on Aug-
NEW
$12,000
BOROUGH OF EDGEWOOD
ALLEGHENY COUNT V,
passed by the
Common
PA.,
Municipal Building and Fire Extension
BONDS.
The Council
of the Borough of ElgewootJ will
receive proposals for $12,000 Municipal Building and
Fire Extension Bonds (coupon) in denominntion of
91,000 each, dated September 1st, 190SJ— interest lour
per cent, payable semi-annually. The bonds maturing as follows:
No. 1
Sept. 1, 1926 No. 4
Sept. 1, 1929
2
Sept 1,1927
5,6, 7, 8... Sept. 1.1930
8
Sept 1, l«28l
9,10,11,12. Sept. 1,1931
The Borough Clerk will furnish any further information desired, and will receive proposals until
AUGUST *5Tn, VM2. The right to reject any or
all bids is reserved.
Address,
J.
60 Devanablro
Monatluack Building,
MUNICIPAL
RAILROAD
CORPORATION
Street
BANKERS,
BOSTON.
Choice
I
BONDS*
•net.
Railway and Gas Companies.
LIST OM APPLICATION.
Perry, Coffin
Indianapolis, Ind.
Mi.
FOR SALE, HIGH-GRADE
MUNICIPAL
RAILROAD
CORPORATION
BON
&
Burr,
INVESTMENT BONDS
AND
Service
6'0
State
Corporation
BOSTON.
BONDS.
E. H.
BOSTON.
San Francisco.
Chas.
FARS0N, LEACH &
Blodget, Merntt
Individuals.
&
NEW YORK
frsr^TYTTid
J3vJl\ JJJ5
Co.,
CITV
the best at the price.
AN1) stock
CERTIFICATES
partly lithographed and partly printed ; finished In a few
day*] handsome designs: must he seen to be
appreciated. Bend for samples*
ALBERT
11.
KINO & CO.,
Engravers and Lithographers,
105 William
•{Telephone Connection.)
Co.,
00.
523 Western Union Buildinq,
BOHTOH.
PHILADELPHIA.
Trust Funds,
f The cheapest that are good;
NEW YORK.
CHICAGO.
Savings Banks,
Trust Companies,
V MT..
Kidder &
Public Securities,
SUITABLE FOR
MAMMA
S.
184 La Salle Street, CHICAGO.
BONDS
Rudolph Kleybolte
Albion, Neb., 4s to net 17.
Randolph, Neb., 5a to uet 4!4*.
[Monroe, Iowa, 5a to net 4%.
Bloonineld, Neb.. 5a to net 4K2.
And other Bonda.
Additional information on application.
ROLLINS & SONS
Denver.
c»i
SPECIAL OFFERING.
8S.000
4,500
6,000
3.907
Street,
DS.
Bond House
in Indiana.
Pr'cea and circulars upon application.
Ol
R. P. EMEltr. Borough Clerk,
Edge wood Park, Allegheny County, Pa.
MUNICIPAL
%%t Onondaga
INVESTME NTS.
F. WILD & CO.,
BANKERS,
CHICAGO,
,
Public
Council, the $40,000
Creek improvement bonds originally offered for sale on
Aug. 7 will be re-advertised.
INVESTMENTS.
MASON, LEWIS & CO.
LOANS.
LXXY.
. .
sale not determined
current year.
[Vol.
ust 11 for the $15,000 5% 5-20-year (optional) school-house
bonds, offering 103*333 for the same. The bids follow
Q. M. Bechtel & Co.,Dav'p'rt..f 15,500 00 Thompson, Tenner & Crawford Co.. Chicago
$15,276 00
John Nuveen 4 Co., Chicago. 15,386 01
16,106 00
16,342 00 W. H. Dulanv
N. W. HarrlB & Co., Chioago
6'J
15,337
Montague Bros. & Co
15,103 00
Mason. Lewis & Co., Chic...
W. J. Hayes* Sons, Cleve ... 15,a80 00
cent.
1
:
St.,
Hew York.
&
Cbtcaoo, Ullinois.
T. B. POTTER,
Co., MUNICIPAL and
nrikinc
BUIMU&,
CORPORATION
BANKERS,
172 Washington Street,
Congress
Street, Boston.
36 NASSAU STREET, NEW VORlv.
16
CHICAGO,
STATE, CITY & RAILROAD BONDS.
GILT-EDGE TERMONT BONDS.
Burlington 4».
HARRY
It.
POWELL
VICKERS
15
Mlddlcbury 4s.
Eaaex Junction Gold 4a.
A CO.
Woodatock, Vermont.
•
•
•
ILL*.
LIST ON APPLICATION.
&
PHELPS,
New York.
INVESTMENT BROKERS,
HIGHEST GRADE RAILROAD
Wall Street
BONDS.
—
ArcrsT
THE CHKONICLB.
16, 1903.]
C—
Bond Sale.— As a
Thomasrille, Davidson Connty, N.
matter of record, we note the sale on May 31 of the $10,000
5% 80-year school bonds mentioned in the Chronicle May
17, the purchasers being F. M. Stafford db Co., Chattanooga,
at 104-10.
Three Rivers, Mich.— Bonds Voted.— At an election held
July 28 the question of issuing $24,000 paving and $15,000
bridge bonds carried by large majorities.
Toledo, Ohio.— Bonds Authorized.—The Common Council
has passed a resolution declaring it necessary to issue $20,000
bonds for the purpose of erecting a hospital and pest house.
Topeka, Kan.— Bids.— Following are the bids received
Aug. 4 for the $60,000 and the $20,000 5*
improvement bonds
10-year (serial)
1
:
160.000 Bond*.
$60.917 00
60,027 60
State Savings Bank, Topeka
State f'avinss Bank Co., Toledo
60,66000
Spltzer£Oi->..T«'le<1o
Lamprecht Bros.
Co.,
$20,000 B<Z».
$20,313 uo
20.317 00
20.22000
20,lk200
60,306 00
Cleveland
The
State Savings Bank of Topeka (not Toledo as stated
last week), while not the highest bidder on the face of the
returns, was awarded the bonds, as their bfd included the
expense of transmitting interest payments to New York City.
Warsaw, N. Y. Bond Sale.— This town has sold at par an
issue of $66,010 3'20# refunding railroad-aid bonds.
Denomination, $1,000.
Date, Aug. 1, 1902. Maturity, $2,000 yearly
on Aug. 1 from 1903 to 1926, inclusive, and $3,000 yearly on
Aug. 1 from 1927 to 1932, inclusive.
WatertowD, Mass.— Loan Sale.—On Aug. 11 the $20,000
8*4% loan maturing July 1, 1912 ($10,000 for drainage and
$10,000 for redemption of town debt), was awarded to Chas.
Weil
Co., Boston, at 101 '56.
Following are the bids
&
:
iri-56
& Co., Boston
Farson. Leach &Co.. New York. 101 '303
101*44
Adams & Co., tfuston
Dennett, Crane & Blanchard.. 100 S73
W. Harris & Co., New York.. 101-337 Blake Bros. & Co., Boston
100 35
Chas. Weil
sum
<
of $3,000.
Wharton (Formerly Port Oram) School
County, N. J.— Bond Offering.— Proposals
District, Morris
be received
Rosevear, District Clerk, for
H
1
:
assessment bonds, dated Aug. 20, 1902, and maturing Feb. 1, 1904.
Authority, Section 16, Title 7, of City Charter.
4,462 SO 4% emergency bonds, dated Aug. 20, 1P02, and maturing July 15, 1903.
Authority, Section 1, Chapter 147, Laws of 1902.
$?,O0O 00 t%
These bonds were originally advertised for sale on Aug 11.
Yreka, Siskjou County, Cal.— Bond Offering.— Proposals
will be received until 6 p. it., Aug. 18, by TJ. F, Brown, City
Clerk, for $55,000 5% gold water-works bonds. DenominaDate, June 15, 1902. Interest semi-annually at
tion, $500.
(
ffiee
Ma
of Citv Treasurer.
1938, inclusive,
from 1903 to
INVESTMENTS.
INVESTMENTS.
W. HARRIS & CO., Geo. D. Cook Company,
N.
BANKERS,
31 and 33 PINS ST.. NEW YORK.
CHICAGO.
BOSTON
Deal exclusively In Municipal.
Railroad and other bonds adapted
for trust funds and savings.
188 VI TRAVELERS' LITTKR8 0} CSMDIi
A VAILABLI IS ALL PART8 OF THIS WORLD
&
Co.,
Counselman Buildin?, 238 La
BONDS.
171
La Salle
MUNICIPAL
Broad Exchange Building, 25 Broad St
NEW YORK.
Mexican Government and State Bonds.
WAS AWARDED AT THB PARIS EXPOSITION TO
H.
C.
WHITE &
Netting from
SX to 6* always on
115 Dearborn
St.,
Circulars.
FULTON & CO.,
Municipal Bonds,
LA SALLE
STREET,
CHICAGO.
INVESTMENT BONDS.
SEND FOR
LIST.
DENISON, PRIOR & CO
CLEVELAND.
B08TON.
CD. KNAPP,JR.,&CO.,
BANKERS
CITY.
CHICAGO.
STANDARD
PAPERS.
They are the only American papers whloh have
ever received this— the highest honor that can be
oonf erred.
It means they are the most perfect
made. Insist on having them for yonr fine correspondence and your office stationery. Are yon using
Whiting's ;Ledger Papers in you Blank-Book
Samples and booklet free.
WHITING PAPER COMPANY,
And
SECURITIES
150
Duanb Street, New York,
SECURE BANK VAULTS.
FOR SALE
NETTING FROM 4% TO
6%.
GENUINE
OFFERINGS WAILED ON REQUEST.
WELDED CHROME STEEL ANDIRON
TRANSMISSION ROPE.
Round and Flat Bars and 6-Ply Plates and Angle
FOR SAFES, VAULTS, &c.
Cannot be Sawed, Cut or Drilled, and positively
Burglar Proof.
CORDAGE
M
J
AtfAU
\liii SPECIALTIES.
Ij
A E
Kgnt Ave., Keap and Hooper Sts„
SaleMan'f'ersintheU.S.
BROOKLYN, N,
FIRST
NEW YORK-
Unlisted Stocks and Bonds.
RR. Bonds.
PFEIFFER, 18 Wall St
Also Old Defaulted
DAVID
MORTGAGES
On Improved Farms
Netting the Investor 6 per cent Interest.
latest ofering.
WINNE &~WINNE
MANUFACTURING
COMPANY,
Y.
CHOICE OKLAHOMA
Send for booklet and
THE AMERICAN
63 WAZZ- STREET,
CHROME STEEL WORKS,
Wlnne
Buildii.it,
Mention
f
WICHITA, KANSAS
this paper.
MUNICIPAL BOND8.
E. C.
and
Dealers in Investment Securities,
31 Nassan Street,
153 La Salle Street,
WEW YORK
New York.
INVESTMENT
hand
CHICAGO.
8end for our Investment
171
St.,
WHITINtf'S
hol. yoke, mass.,
DUKE M. FARSON &CO
F. R.
CO.,
BANKERS.
51 Liberty
RnMFK
tfUlNUb
and
INVESTMENTS.
THE GRAND PRIX.
Salle St,
Street, Chicago.
CORPORATION
urity, $1,500 yearlv on June 16
$1,000 on June 16, 1939.
CHICAQO.
AND CORPORATION
MUNICIPAL
f
and
INVESTMENT SECURITIES,
Quotations furnished for purehase, sale or exchange
MacDonald, McCoy
-will
until 8p m., Aug. 23, by E W.
Denomination, $500.
Date,
$18,500 ±%i coupon bonds.
Sept. 1, 1902. Interest, semi annual. Maturity. $500 Sept. 1,
1906, and $1,000 yearly on Sept. 1 from 1907 to 1924, incluDistrict has no bonded debt at present. Assessed valsive.
Name of borough changed from Poit
uation, $300,000.
Oram to Wharton by Legislative Act of March 27, 1902.
White Plains, N. Y.— Bond Offering.— Proposals will be
received until 8 p. M., Aug. 18, by tne Board of Trustees,
current-indebtedJohn J. BrowD, President, for $11,000
ness bonds. Authority. Chapter 201, L*ws of 1902. Denomination, $1,000. Interest, Feb. 1 and Aug. 1 at tbe office
of the Village Treasurer. Maturity, $3,000 on Aug. 1 of
each of the years 1912, 1913 and 1914 and $2,000 on Aug. 1,
Certified check for 10$ of the face value of the bonds,
915.
payable to the Village Treasurer, required. Peter Paulding
is Village Clerk.
Wonewoc, Wis.— Loan Negotiated.— This village has borrowed for water purposes at %%% interest the sum of $10,000
from the State of Wisconsin.
Yonkers, N. Y.— Bond Offering.— Proposals will be received until 11 A. m. to-day (Aug. 16), by Michael J. Walsh,
Mayor, for the following bonds
-
Wellington, Lorain County, Ohio.— Bond Offering,— Pro12 m, Sept. 1, by A. H. Pierce,
75 5£ 1-4 year (serial) park
$662 75 and three of $500 *-ach.
semi annually at the ffice of
the Township Treasure
West Middlesex, Pa. —Bond Offering.— Proposals will be
received until 8 p. m Sept. 1, by the Borough Council, for
—
—
-
posals will be received until
Township Clerk, for $2,162
bonds. DeEominitiorjs one of
Date. Sept. 1, 1902. Ie terest
H
20-year bonds.
Denomination, $500.
Interest
semi-annually in West Middlesex. Certified check for $300,
payable to W. W. Johnson, Borough Treasurer, required.
West Sweden School District No. 3, Polk County, Wis
Toon Negotiated, The State has loaned this district the
$16,000
.
N.
359
121
STANWOOD &
Co..
BANKERS,
Devonshire Street,
BOSTON.
-
:
THE CHROlNlCLK.
360
ffittiuijcial.
OFFICE OF THE
ATLANTIC MUTUAL
INSURANCE CO.
Physical and Accounting
Examinations.
Audits and Appraisals with
New York, January
Certificates.
NEW
21st, 1902.
The Trustees, in conformity -with the Charter
of the Company, submit the following statement of its aflaifs on the 31st of December,
YORK.
CENTRAL
TRUST COMPANY
OF ILLINOIS,
CHICAGO.
Capital,
Surplus,
f
Total Marine Premiums
THE AUDIT COMPANY
OF ILLINOIS,
NEW YORK
Premiums marked
Interest received
during the year.
received
during the year,
less
OFFICERS
DIRECTORS:
in
Exchange Building
Books audited. Examinations and Investigations oonduoted with the utmost
oare and efficiency.
JAMES PARK,
ERNEST
H.
FOSTER,
LIBERTY STREET
126
-
1850.
The United
IN
States
Insurance Co.
THE CITY OF NEW
Life
YORK.
-
A Legal Depository for Court
Acts as Financial Agent for State's. Cities. Towns.
Railroads and otner Corporations. Transacts a gen-
$1,659,394 66
has the follow-
as Trustee under Mortgages, Assignments and Deed*
of Trust, as Agent for the Transfer or Registration
of Stocks and Bonds, and for the payment of coupons.
The Company
interest
ing Assets, viz.:
United States and State of
New
York Stock, City, Bank and
othar stocks
$5,403,824 00
Loans secured by Stocks and
speci 1 deposits in Banks and
Trust Company...
1,291,236 62
Real Estate, cor.
Wall
&
William
Streets, cost.
...
Munn, M.D.,
P.
President.
FINANCE COMMITTEE:
Geo. G. Williams, pre». OKem. Nat. Bank
James R. Plum
LeatKtr
Clarence H. Kelsey Pr. nt. Guar. <err.oo
L
1,547,00000
Other Real Estate
and claims due
"
Company
75,000 00
Premium Notes and
Bills Re-
2,639,000 00
ceivable
Cash iu the hands of European
1,159,385 19
bankers to pay losses under
policies payable in foreign
countries
Amount...
$10,972,349 20
A dividend of Forty per cent is declared on
the net earned premiums of the Company for
the year ending 31stDecember,i 901, for which
certificates will be issued on and after Tuesday, the sixth of May next.
By order of the Board.
to
who
desire
make DIRECT CONTRACTS with
thi,
well-established and progressive Company,
thereby securing for themselves not only an
immediate return for their work, but also
an increasing annual income commensurate with their success, are invited
to
com-
municate with RICIiARD JE. COCHRAN,
Third Vice-President, at the Company's
Office, #77 Broadway, New York City.
H.
CHAPMAN,
Gustav Amsinck,
Francis M. Bacon,
Vernon H. Brown,
Waldron P. Brown,
William
B
Boulton,
loseph H. Chapman,
George C. Clark,
fames G. De Forest,
William E. Dodge,
^melius Kldert,
Evrald Fltdtmann,
Insurance
Max
Foree over 840.0O0.OOfl
BONDS.
B. Borg,
BROKER
30
In
IN
INVESTMENT 8ECCRITI88,
BROAD STREET.
-
NEW YORK.
Oregon."
PORTLAND
TRUST COMPANY
Secretary.
INCORPORATED APRIL
BENJ.
I.
22. 1887.
COHEN,
President.
B. LEE PAGET, Secretary.
The PortlandZTrustjCoiiipany
of Oregon
Issues Interest -Bearing Certificates
Deposit upon the following lermsi
of
On Special Certificates of Deposit, not less than
$500 each,', payable upon 10 days' call by the holder
or 10 days' notice by the Trust Company. v*4 per
cent per annum.
Payable on SO days' cull or 30 days' notice, 3H
per cent per annum.
Puyablo on 00 days' call or 90 days' notice, 4 per
cent per annum.
On certificates' of $5,O0C, or over, interest will bs
paid quarterly or semi-annually If desired
PORTLAND TRUST COMPANY OF OREGON,
109 Third Street, Portland, Ore.
CAPITAL, $2,000,000.
SURPLUS & PROFITS, $4,289,362
59.
TRUSTEES:
•
Assets, over 88.000,000.
In
OF OREGON.
Six per cent interest on the outstanding certlhoatr s of profits will be paid to the holders
thereof, or their legal representatives, ou and
after Tuesday, the fourtti of FeDiuury next.
The outstanding certificates of the issue of
1896 will be redeemed and paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the fourth of February next,
from whicli date all iuterestthereon will cease.
The certificates to be produced at the time of
J.
The Oldest Trust Company
253,193 27
225,710 12
Cash In Bank
,
Active and, successful Agentt
H. J. Bowdoin,
Leopold St rouse,
DIRECTORS:
J.Willcox Brown, J.A.Tompkins,
B. N. Baker,
S. Mandelbaum,
Fred'k W. Wood, John Pleasants,
Andrew D.Jones, J. L. Blackwell,
Joshua Levering, Geo. C. Jenkins.
W. B. Brooks Jr.,
John S.Wilson
Lloyd L.Jackson, James Bond,
J. D. Baker,
J. S. Lemmon,
H. A. Parr,
Lingen,
Hall,
A.
von
F. Loree.
Clayton C.
G.
1
new build-
ing
Wm. A. Marburg,
Henry Walters,
$ ,017,000 00
Paid toward erection of
and dividends.
WILLCOX BROWN, President.
HENRY J. BOWDOIN, 1st Vice-President.
LLOYD L. JACKSON, 2d Vice-President.
J. BERNARD SCOTT. Secy. & Treas.
CARROLL VAN NESS, Asst. Secy. & Treas.
J.
payment and canceled.
John
and Trust Funds.
SAFE DEPOSIT BOXES, FOR RENT.
Lends money on approved
era) trust business.
security. Allows interest on special deposits. Acta
NEW YORK
1902.
BALTIMORE.
Returns of Premiums* Expenses. $430,511 52
M. E.,
WATER Works & Pumping Engine EXPERT
W. Corner Calvert and GermanlBtreets,
CAPITAL, •
$2,125,000.
SURPLUS,- -.$2,437,500.
$197,649 63
the
CERTIFIED PUBLIC ACCOUNTANT,
52 Broadway, New York.
TRUST
Maryland Trust Co.,
N.
$1,857,044 29
Less salvages
112.031 98
Re-insurances
85,617 65
BOSTON, MASH.
53 State Street
SAVINGS AND
DEPARTMENTS.
1900 and pre-
Certified Public Accountants,
HALL,
MAX PAM, General Counsel.
DIRECTORS:
A. J. EARLING.
FRANK O. LOWDEN
MAX PAM,
HARRY RUBBNS.
CHAS. T. BOYNiON,
GRAEME STEWART.
CHARLES DEERING,
THOMAS R. LYON,
BANKING,
$398,184 81
occurred
and
were estimated
and paidin 1901 1,458,859 48
HASKINS & SELLS,
Accountant,
WILLIAM R. DAWES, Cashier.
CHARLES T. WEGNER, Asst. Cashier.
MALCOLM McDOWELL, Asst. Secretary.
vious years
A. G. BXCKER, A. G. Becker & Co., Chicago.
W. W. Little, V.-Pres. Peoria Gas & Elee. Co., Peoria.
<J. A. RYTHEK.Cash 'r Nat'l Live Stock Bank, Chicago.
J. R. Walsh, Pres. Chicago National Bank, Chicago.
L. A. Walton, V.-Pres. Equitable Trust Co., Chicago.
WM. FRANKLIN
TJHRLADB,
ALEX.H REVELL,
CHARLES G. DAWES.
Losses paid during
the year which
were estimated
WODRICH,
H. J. D.
Manager.
Illinois Association of Publio Accountants).
CABLE ADDRESS "HA8KSELLS."
204 Dearborn Street, Chicago, 111.
Williamson Building, Cleveland, 0.
Lincoln Trust Building, St, Louis, Mo.
30 Coleman Street, London, E. C.
A.
$329,992 04
Vice-President.
C. D. ORGAN, Sec. and Treat
NEW YORK.
President.
President.
Vice-President.
LAWRENCE O. MURRAY, Sec'y& TrustOfficer.
54,889 85
W. LITTLE,
NO. 30 BR jAD STREET,
DAWES.
P.A.VALENTINE,
Taxes
WALTON, President.
(Memb.
from 1st
$275,102 19
Rent
Public Accountants and Auditors.
F.
$4 304,241 24
January, 1901, to 31st December, 1901
$3,512,339 71
LIFE BUILDING
CHICAGO.
L. A.
off
G.
W. IRVING OSBORNE, Vice
remiumson Marine Risks from
1st January, 1901, to31stDecember, 1901.. ....
$3,604,917 63
Premiums on Policies not
marked off 1st January, 1901.
699,323 61
PHILADELPHIA.
$4,000,000
1,000,000
CHARLES
1901:
N. Y. Life Building, Arcade Building,
CHICAGO.
LXXV.
Suswrattjcje.
THE AUDIT COMPANY
OF NEW YORK.
Queen Building,
[Vol.
Clement A. Griscom,
nson W. Hard,
John D. Hewlett,
Francis H. Leggett,
Leander N. Lovell,
Lewis Cass Ledvurd,
George H. Macy,
Levi P. Morton,
W. H. H. Moore,
Frederic A. Parsons,
Henry
Parish,
John
L. Rlker.
Douglas Robinson.
Gustav H. Schwab,
William C. Sturges.
A PARSONS, VirePres'l.
CORNELIUS ELDERT, sd Vice-Pra.
F.
P.
Trust Gompany
Philadelphia.
George W. Quintard,
A. A. Raven,
Charles D. Leverich,
A. A. RAVEN, President.
THEO.
Fidelity
Charles H. Marshall,
JOHNSON,
?«/
Vire-Pres't.
Fred.
«TOCH.
H. Smith,
BROKER.
«<(
BROADWAY. H.Y.
Manhattan Life Insurance Building.
UNLISTED BONDS AND STOCKS,
whether interest paying or defaulted, bought and
Quotations furnished, also opportunities for
Write or call.
t.li.MUtir.i 1J4«S.
Tel. t*385 Cort.
told.
mall Investors.
@FedFRASER