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:
.
.
ptmnrtal
flitmmtf
Supplement
Quotation
nrracl
Investors Supplement (&**$
State
Entered aooordlng to Aot of Congress, in the year 1902, by the William B.
VOL.
(^am^
and G% Supplement <$mm$
5treet.Kailwai|5upplement
(Montbiv)
Dana Company,
SATURDAY, AUGUST
75.
2,
In the offloe ofjthe Librarian of Congress.
NO.
1902.
Week ending July
Clearings
BlxMos.
do.
do.
1902
*l
do.
lis.
Above subscription moludes—
Bank A Quotation Supplement street Railway Supplement
STATE AND OITT SUPPLEMENT
IWVB8TOR8' SUPPLEMENT
i
|
Terms ol Advertising—(Per Inch Space.)
Transient matter
........ 34 20
STANDING BUSINESS OABDS.
two Months
(8 times)..
23 00
(IS times) ..329 00
(26 «« ).. 5000
Twelve Months (52 " ).. 8700
Six Months
A
B.
DANA COMPANY,
Pine Street, Corner of Pearl
Foot Office Box 958.
Hew York
Boiton.
Philadelphia
Baltimore
Ghloago
at. Louis
Hew Orleans
BSTen omei, 6 day i
Other
cities,
Total
6
dan
Milwaukee
.....
Grand Rapids
Dayton
Lexington
Akron
>
P. Cent
$980,920 630
111,815.281
71,685,026
16,649,398
114,201,886
85,770,053
0,467.041
$1,559,367,479
243,841,217
$1,836,408,774
225,911,217
+21-6
-16
111...
Qulncy
Bloomlngton.
Jaokson
Ann Arbor
Mansfield
Decatur.
Tot.Mld.West'n
San Francisco.
Salt
Lake
days....
$1,803,208,696
$1,562,319,991
814,749,055
895,(117,661
Total all eitiei for week
$2,198,286,387
$1,877,039,016
,
Sioux Falls
Total Pacific.
+7-9
KansasClty
+15*4
+26-5
+171
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 henoe 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
8aturday noon, July 26, 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 gam of 18-0 per cent. Outside of New York the increase
over 1901 is 122 per oent.
New York
1901.
.616,566.801 1,851,620,071
109,888,685
89 067 684
48 808 59«
83 807.186
Philadelphia
Pittsburg
Baltimore
Buffalo
Washington
Albany
$0 820,316
81 038,58?
4.994.698
8.183.746
6.130.010
1.983 478
2,689,321
1,717,69?
1,001,946
1,348 15"
988,609
3 05B
Boeheiter
Syracuse
38.'
8,647 711
958 202
Soranton.
,
Wilmington
Blnuhamton.
,
,
Chester
,
Oreensburg.
wheeling, w. Va..
Wilkes Barre
.
Utica
"<U«1 Middle
1,107,724
1.105.062
$68,001
887 460
135 98b
600 800
1902.
1900.
82,419.850
16,684.067
4.583 61?
1.860,764
2,370,116
1.603 711
889.137
1 185,94:
1,037.31V
360.900
803,640
888,49t
+606
+80-6
1
-5')
-lO'o
+11
-0'9
950.00?
848,827
628 400
719 247
+560
+868
+18*6
—18 7
d
i
1
6
£58 800
6S0.834
1.862,874 Not include
1.715.703.349 1.417.848.4JS
763 773,500
80 397.292
1893.
875,946 035
83,8147130
81 807 129
17,866 771
4 504 545
8 037 114
2,202,826
1817 611
1,000.638
1.078910
878 978
370.800
880,000
810,000
In tot al.
+31't
168.217,744
147.519.140
16,991 660
10 084.068
18 515.816
5.745 99S
6,065.800
4.190.996
1.986.137
+66
116.475.86C
18,874.400
S 044,811
10.(65.006
5.886.410
108,849.028
18.804 300
7.156.886
9,489.001
16,475.624
6,669.188
9,683 000
4,865 471
8 424 935
1810,852
1,147.158
803.534
466,808
428.199
477.839
700,000
369.837
889.609
884,569
285.438
175,308
817,438
864,030
147,£62
51,876
96.000
788,885
476.684
717,800
860.840
360.778
167 688
897,608
264.064
139.668
62 480
809,180
249,103
897 799 841 1.016 438 216
+86
•
+388
+16 6
+83-i
+21-8
-lO'O
+S68
+89-6
-6-8
+81*8
828.681-
288377
860.66?
488,617
471.70C
857, 18S
877,880
896.480
274.907
181,491
810.00C
817.976
138.000
417 859
889.267
878.800
380,217
875.198
820.315
200.977
118,188
70'.b0(
al.
16 620 761
1.614 873
19,926 338
1.807.776
1.062.871
679.828
848.611
888.698
88.884.257
34,188.462
80,000.000
11.700,000
6.433,200
19 860.864
9.785.276
6 981,937
4,5*5 682
8.610.801
6,911661
1.861,582
715.182
1,898,751
1.015.502
517,660
183.907
600,000
839.989
82 1. 1 03
1,040,829
648.646
163,519
601 998
1,268.885
877,581
486,000
737,024
585 000
297.840
1.880.824
8.918,189
914,080
1.045,767
660,838
211,622
135.297
+424
+ 1»'8
+17-8
-7*9
+600
+2'4
+18-6
+0 8
+198
+8*4
+258
+10*6
—83-6
+286
bO.288.662
18,040.656
9.100 OHO
6,117.652
4 823.858
8 488.636
3,723.630
1.182,136
10,445.804
7.674.449
6 319.820
4.661.515
3,484.861
3,667,051
1,846.406
685,068
732,016
688.999
625.852
126,350
-14-8
796.47<-
H09.98S
914 276
632.490
90,742
-2-4
+8 6
-26*1
-17'4
+6-8
7.843.088
7.851689
+18-7
6E97 53e
87,235,888
76 890.736
Total Southern..
a.279.318,786 1,981,837,702
Total all
679.887,681
768.740.925
Outside N. York.
-818
St.
19 459 292
13 663 204
8 839 942
1 564 8«6
797,711
854.211
694.646
1,019 122
1.443,888
1,992.477
John
Vlotoria
Vanoourer
Quebec
OttawaTotal Canada
...
4a.61«,-!«2
89.909 913
87.815.188
6.111740
6.358418
2,427 60f
2.482.686
3,493.126
8 882,108
1714 764
1.166 376
1.036 632
1,208.712
729,716
486 687
874 824
872.991
589 000
852.370
+19-8
+30-6
-12 6
-6-1
+84-8
+10-8
+12*1
+10*5
+29-2
+24-6
+44-0
3
+48'2
1.852.050
2.331,506
2.084 003
2.658,883
1.316.151
992.038
1,116,886
1,176.853
780 311
481.521
880,079
626,279
895,000
862 710
860.7T6
197,666
+349
868 318
+0-8
208 761In tot al .
+16*8
62.884 720
+18-0 ' ,31V 13 119
+18*2 564,888.618
CANADA—
Montreal
Toronto
Winnipeg
Halifax
Hamilton
610,988
213.680
148.723
28.642 874
+675
-19
1.761.761
1.400 000
1.617,559
8,399.302
1.128.688
1,072 846
33!-
44 674 899
27 904.20)
7,186 884
Not lnolude
Beaumont
1513
+188
+630
2,675.000
8.873.481
1.908.866
4,884,718
2.182.876
1 839 485
1.823.721
1.815 062
697,472
609,603
1,016,872
609,468
602,000
504,700
889,114
298.857
787.868
JaoksonTille
+83-5
+69-0
-0-8
1,110.808
1.063.586
887,870
+8-0
+17-6
+87-7
+64-8
8.923,570
8.298,693
8.743.201
8.044.802
1,678.120
1.459.207
1,474.659
770,000
Birmingham
Maoon
Rook
+396
1611,787
2,374 941
20.976 772
3,069 980
1.725.000
8.738 410
8 365.648
8 802 387
8093.600
Little
-a-fe
+484
+81-6
+80"o
>1 888 134
18,008.072
Knoxrllle...
8.913.801
1 653 646
8.231 87i
1.112.851
1,060,711
741,216
169.292,794
New
Augusta
6.100.613
8.004 909
2.308,688
4.84970C
178 815.471
87 071.678
Atlanta
8 657 461
+9'!
54.992.664
Nashrllle
Norfolk
—6'8
+14-5
+14-8
+67-8
+16-8
215,980,58-
67.889,083
Houston
Sarannah
Richmond
Memphis
+13 2
286,778.517
41 980 244
Orleans
LoulsylUe
QalTeiton
+33-1
+180B
Not include d In tot
W'ohita
Fremont.
Colorado Springs..
Tot. other West.
St. Louis
Chattanooga
P. Oent.
+21-2
+2S*o
+85-C
—1*0
-8-7
+64
Topeka
766,886
437,266
671.088
250,000
166.787.078
19.287,800
4,000,000
8,988,686
1.741 129
Dei Moines
DavenportSioux City.
1380444
111,995.811
6 816114
Paul
Denyer
St. Joseph
St.
Fort Worth
Week ending July
1902.
Omaha
09!:
+b'fi
4.612 506
3,864 586
1.868,966
1,846,147
688.517
897,656
234 118
,
845
+454
Portland
,
+10
+7-3
-vo
183,817,080
400,00<
Los Angeles...
Spokane
Tacoma.
Helena
Fargo
+9M
+18-1
+18-8
+21-0
188.778 277
6.446 700
8 030.608
1.910.888
4 918,742
1.308.771
148.878,147
474,822
7
full details for
CUarimi at—
4.975,600
1,948.804
1,138.167
986,857
1.061.061
619742
8203.007
Minneapolis
all oitiei.6
99.482.79i-
800,63t
476,411
882,874
869,918
8.696,076
City.
Seattle
+18-1
+5*8
+11*3
—3'8
+33-3
+16
JaoksonTille.
466
392.081
Canton
1899.
+4-2
510.8:16
Springfield, Ohio..
1900.
Oent
5.786.80C
8,274 4*
1.87S.214
1.879,134
1,388 297
1.147,72!
73J.4U525,15)
358.776
274.946
585 853
Kalamasoo
Rookford
1901.
1908.
118 568.897
8,698.788
1.470 866
1,497,762
1,187,132
Youngstown
NEW YORK.
126,879,804
6.087 100
8.481.734
1.S16.8C8
1.658,176
1.671 036
1.183,737
786,261
1929.618
Peoria
Toledo
BraniTllle
(1,191,875,979
91,652,722
83,976,801
17.611,724
127.130,642
35,496,659
8,623,052
au oitlM, l day
The
Cincinnati
Detroit
Clereland
Springfield, 111
1803.
i
Worcester
Portland
rallRlTer
Lowell
New Bedford
Holroke
Total New Bng..
Street,
The following table, made up by telegraph, etc, Indioates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day, Aug. 2,
have been $2,198,226,387, against $2,279,313,726 last week and
$1,877,069,046 the corresponding week last year.
Week Ending August
Springfield
Publishers,
CLEARING HOUSE RETURNS.
Clearings- Returns by Telegraph.
New Haren
Indianapolis
Smith, 1 Drapers' Gardens, E. 0., will take subMessrs. Edwards
serlptlons and advertisements, and supply single oopies of the paper
each.
at Is.
WILLIAM
Boiton
Prorldenoe
Hartford
Columbus....
London Agents:
1901.
'.
Ohloago
Three Months
86.
at—
PUBLISHED WEEKLY.
Terms of Subscription— Payable in Advance
......................$10 00
For One Year
.
600
For Six Months
~
European Subscription (including postage)
18 00
European Subscription Six Months (including postage) . .... . . 7 50
Aunuai Subscription in London (Including postage)
43 lis.
1936.
1.
67,166,836
455,207.815
678.361.1:80
14648,635
7.880095
1,923 576
17 363.962
+12-1
10.061.416
1.860 46?
1,760.000
687.035
809.537
816.880
1.258.838
1.453,853
+16-0
+6*6
14.031.439
8 998.14«
8.115.869
1.4C6.108
678.918
920.72?
-36
583 817
611 832
608 804
886.705
955187
1,001,789
29.780.110
28,462,897
Not
+349
+78-6
-112
-19-0
-0'7
lnolude id in tot
85 8*19741
+18-8
1,220.361
al.
THE CHKONIGLE.
212
[Vol.
LXXV.
Rock Island property.
attendant conditions are extremely
Several things have contributed to the downward propitious; traffic and earnings are large, and under
reaction which has been in progress on the Stock Ex- the promise of exceptionally abundant harve sts the
change the past week. In the first place, the pace at present season they are likely to continue so for at
which prices had been advancing had been getting least another twelve months. But the future will dealso
TEE FINANCIAL SITUATION.
imperil the future of the
At present
all
Conservative operators under such cir- velop lean years as well as fat ones. The Rock Island
it prudent to proceed cau- property has thus far held a high place in public esticonsidered
cumstances
The shares have ranked with the best class
tiously. Then, also, the high prices reached prompted mation.
Furthermore, the outflow of of railroad securities in the market. Conservative
sales to realize profits.
rather fast.
much
was public sentiment has no interest in the matter further
The outflow was than that this advantageous position shall not be
also conducive to quieter trading.
not followed by any change in the money market, forfeited, and that Rock Island securities shall
It may be added
call loan rates continuing to rule at 2|@3 per cent; not become speculative footballs.
increases
that
depletion
of
supplies
now
any
the
appearance
yesterday
the official
of
but of course
the
arrangement has not
tended
the chances of a closer money maiket later on, when details of
The plan embodies some
the autumn demand for currency to move the crops to modify criticism.
to
crops which, according
peculiar features and seems to lack many ordinary
will have to be met
present indications, will this year be of excep- safeguards.
Thus the effect of the
We think this critical attitude of the public mind is
tionally large dimensions.
has
been to act as a curb a most favorable and hopeful sign at this juncgold shipments
gold, so
larger than
had been looked
for,
—
on the prevailing speculative spirit, and in this ture. It serves to differentiate sharply the pressense it has undoubtedly proved a wholesome regu- ent period of prosperity and rising prices from previous similar
lator.
On
periods.
such occasions there
is
usually little disposition to inquire into the merits of
all others was reproperties and securities. Speculative confidence runs
market
received,
the
sharp
set-back
sponsible for the
especially on Monday, was the widespread hostility so high and the general tone is so buoyant that ordinexcited by the plan for the financial readjustment of arily almost anything can be floated, wholly regardless
the Chicago Kock Island & Pacific Railroad Co. We of worth paving the way for the subsequent collapse
are only recording a fact when we gay that the plan (an which inevitably fellows such indiscriminate and reck-
But the influence which above
—
buying and speculating. Not so now. Notwithstanding we have reached an era of prosperity never
public
The
tone
of
previously
attained, and in fact
because of it,
general
disfavor.
and
marked
comment has" been distinctly adverse. There has the investing and financial community is search-
outline of which was furnished last Saturday and which
has now been officially promulgated) was received with
less
effect that in acquiring so
ing
been some criticism to the
much new
in
its
inquiries.
Is
proposition
the
sub-
the mitted
mileage and extending so
sound and conservative ? Is it to be
the
company
was
enoperations,
commended
upon
its
own account ? Does it
field
of
upon a policy of expansion whose out- not discount the future upon too confident a spirit?
tering
difficult
to
determine.
But Will it stand the test of adversity and depression?
was
it
come
greatly
its
would not, we think, have
counted for much. The tendency of the times is towards the formation of larger and still larger systems,
and the Rock Island in acquiring new feeders and new
outlets has, we must suppose, pursued a policy best
calculated in the judgment of those controlling its
Whether
affairs to promote its proper development.
this circumstance
the
but
same
the
The
kind.
itself
These are the questions asked at present, and in
scheme upon the
addition
the
bearing of
a
general
always
cautious
trade
and
considered.
attitude
usually attendant
financial
situation
Obviously,
prevails,
upon
so
most
of
is
nearly
long as this
the dangers
a period of activity
and
rising
prices are avoided.
shall prove profitable only time can
new road
tell,
by
is
position of
true
of
all
steps of
the Rock Island
in
this
that
The arrogance
of the leaders of
some
of the labor
unions was never so forcibly illustrated as in the action
taken last Saturday night by the executive committee
of Housesmiths' and Bridgemen's Union in seeking to
from that
making
similar
of all other large
moves there is an element of chance in them impose a fine of $5,000 on the Pennsylvania Steel Co.,
all inseparable from progressive and forward move- which is doing the steel work on the new East River
Brldg8, for alleged breach of contract, and in threatments.
What has excited opposition, and even uneasiness ening to hold up work on the structure until this and
and alarm, is the contemplated issue of such a large other demands should be complied with. The resulting
mass of new securities. For $100 of existing Rock complete discomfiture of the strike leaders furnishes,
Island stock $100 of new bonds is to be given, $70 of moreover, a lesson which should not be lost on other emnew preferred stock and $100 of new common stock, ployers of labor. Obviously, things would be at a pretty
making altogether $270 for $100. Rightly or wrongly, pass if an irresponsible body of men, holden to no one
it has been argued that one purpose of the scheme is and incapable of being legally called to account for their
therefore,
respect,
is
no
different
corporations in
—
doings or misdoings, could meet in secret session,
and, disregarding all ideas of equity and justice,
invested undertake to levy a money tribute and imperil
the new the business of an employer because of some action
to dispose of the bonds to the public, thereby enabling
the controlling spirits in the property to get back the
greater
in
it,
part
and
the
of
to
retain
money
originally
control
through
comparatively of his which they did not like, or because of the viosmall outlay of cash. Moreover, it Is urged that lation by him of some rule which they had made for
such a scheme of capital Inflation will invite renewed him and which he had had the temerity to disobey. But
attacks on the part of Western legislatures, and possibly let us see what heinous crime the Pennsylvania Steel
stock
issues
thus
representing
a
AUGUST
3,
THE CHRONICLE.
1902.]
Company had been charged with. It seems that the
Steel Company had been engaged in erecting a
building
large
Philadelphia.
in
ing union men, and these
was
It
men were
satisfied
and had
been ordered.
was to be taught that he could not with impunity defy
this powerful union, so it was made a further condition
men to work that, besides the $5,Company should pay the idlers for the
time they had lost. The Housesmiths' and Bridgemen's
of the return of the
000, the Steel
appears,
quite an aristocratic body, and
is
While covering the whole of the United States and Canada, ad-
membership
in
mission to the
$100
is
it
is
carefully limited.
Union is not
easy.
An
initiation fee of
exacted, and even then applicants
main on the waiting
list
for months.
must
re*
The union
thus a sort of labor trust, and it is therefore not
surprising that it has always been arbitrary and
is
dictatorial.
But
selves.
in this
The
inter-
&
of the Chicago
Eastern Illinois
by the St. Louis & San Francisco Railroad is an event
of considerable moment, and indicative of the great
changes going on in the railway situation in the
Southwest. The passing of the road to the San
Francisco Company comes decidedly as a surprise.
Other possible takers for the line had been suggested
almost without number, but there had been no
thought on the part of the public of the San Francisco
as a likely bidder. The San Francisco system at present
has no physical connection with the Eastern Illinois,
but that, of course, is not a matter of very great consequence, as the needed link can readily be built.
The northern termini of the San Francisco system
are now at Kansas City and St. Louis; the acquisition
of the Eastern Illinois will give a terminus at ChiThe Eastern Illinois at present does not
cago, too.
reach St. Louis. It is fair to assume that this connection will now be supplied. From St. LduIs to
Memphis the St. Louis Memphis & Southeastern is
building a line in the interest of the St. Louis
& San Fiancisco. With the completion of this
road there would then be an entirely new route between Chicago and Memphis. The San Francisco
company has been adding greatly to its mileage within
the last few years, and the system has been thereby
transformed. It acquired the Kansas City Fort Scott
& Memphis, including the Kansas City Memphis &
Birmingham, which latter gives a line into the heart
of the South at Birmingham; also the Fort Worth &
Eio Grande, the St. Louis & Oklahoma City Rwy., the
The taking over
,
The $5,000 fine, however, was not the full extent of the
penalty sought to be imposed. The recalcitrant employer
it
more reasonable and rational attitude in the
ests alike of themselves and their employers.
a
employ-
no grievance. Bnt another contractor in that city
had trouble with his men, who were members of the
union, and these men going out on strike the PennThe
sylvania Steel employes went out in sympathy.
building had to be completed on time and accordingly the Steel Company hired non-union men, who
finished the job. This resort to non-union workers was
the extent of the company's offending, for which it was
The Brooklyn strike was simply one
to be punished.
step farther in the process, a general strike haying
Union,
213
case the leaders
overreached them-
company contended
rightly
that
it
had broken no contract but that the men had
cause.
broken theirs by quitting work without
an
obresistance
became
circumstances
such
Under
vious duty, and the company accordingly determined
It announced that
to fight the matter to the end.
yesterday (Friday) morning it would begin employing
non-union men on the bridge. Conditions are different in this city from what they are in Pennsylvania,
and the New York police can be depended on to see
to it that non-union men willing to work are assured
proper protection. This announcement, hence, meant
that the strikers were beaten.
They accordingly came
Oklahoma City & Western and the Arkansas & Choctaw, these providing an extensive system of lines in
Oklahoma,
the
the St. Louis
stated,
is
Indian
Territory and Texas;
Memphis & Southeastern,
being
also
that
built
in
system
its
and
as already
interest.
It
Kansas
City, Chicago, St. Louis, Memphis and Birmingham,
and having a net work of lines reaching down towards
the Gulf of Mexico in the one direction and towards
is
easy
to
see
El Paso in the other,
ful
influence
upon
a
is
taking
in
in position to exert a power-
affairs.
It
would be
futile
to
was the better part attempt to forecast the outcome either upon the San
of valor, and at the appointed time they were back in Francisco itself or upon competitive systems, but of
the importance of the new developments from an
their old places.
Another rather striking instance of the difficulties industrial [and financial standpoint there can be no
besetting the employer is famished in the case of the doubt.
strike which is delaying the completion of the Wad-
to the conclusion that discretion
The Pennsylvania Railroad return for the month of
High School building in this city. President
Charles C. Bnrlingham of the Board of Education is June, as received by telegraph yesterday afternoon,
quoted in the "Evening Post" of this city as saying records another very large gain in earnings, both
that "the contest is not between contractor and the gross and net, showing that the anthracite coal strike
workmen, but between two rival unions of painters, is operating to the advantage of the company by in-
leigh
A
the merits of which are unknown to the public.
creasing the shipments of bituminous coal. On the
sub- contractor having employed painters belonging to lines east of Pittsburg and Erie the improvement
a certain union, electricians and other workmen have amounts to $1,113,300 in gross and $478,700 in net,
been called out in the interest of a rival union. The
result of the controversy is that work has practically
stopped on a building which otherwise would have
soon been ready to accommodate over three thousand
girls." In this case, it will be seen, the employer is in
the position of being between the devil and the deep
sea.
If he obeys the behest of one union, he incurs
the enmity of the other, and vice versa.
Surely such
performances as these should bring laboring men to
their senses and make them see the need for adopting
and on the
lines
west of
Pittsburg and
Erie
to
$643,200 in gross and to $292,100 in net, making the
gain on the combined system no less than $1,756,°
500 in gross and $770,800 in net. This follows $995,-
100 increase in gross and $753,300 increase in net on
the combined system in the same month last year.
In the following we furnish a six-year comparison of
the gross and net on the lines directly operated east
of Pittsburg
for
and Erie
—the only portion of the system
which we have the data for such a comparison.
'
THE CHRONICLE.
214
LlNIR BAST OF
1901.
1902.
PlTTSBTJTBO.
June.
•
1
Gross earnings... H, 696,0,9 8,482,759
Operat'g expenses 6,218,060 6,578,411
Net earnings.
3,332,939
2,904,3911
1900.
~*^
1897.
1898.
1899.
7,199,836
f
5,766,735
t
5,?48,486
•
6.185.335
5,281,410
4,599,610
4,0.0,410
8,864,110
1,257,225
1,228,025
1,321,826
1,971.425
Jan. 1 to June 30.
Gross earnings.
53,41 9,876 48,461,476 40,8.1,811 S8,U8,911 -1,S63,311 29 5S9.511
Operat'g expenses 36,778,419 82,646,91* 2°,677,961 84,666,56 22,824,661 21.10M60
Net earnings
17,e41,457 15,904,657 12,248,360
8.488 350
8,538.750
There was no change in official rates of discount by
any of the European banks this week, and unofficial
or open market rates at the chief centers were easy.
the
New York
Associated Banks !a3t
week showed the somewhat unexpected increase of
$9,967,200 in loans. Cash was added to in amount of
$2,644,200, of which $967,900 consisted of specie and
$1,676,300 of legal tenders, and the deposits were
augmented $11,404,300.
In consequence of this
increase in deposits, the reserve requirements were
$2,851,075
The
higher.
amount and the gain
between
difference
in cash
LXXV.
According to our special cable from London the Bank of England lost £354,834 bullion during the week and held £37,924,266 at the close of the
per cent.
Oar correspondent further advises us that the
was due to the shipment of £361,000 net to the
interior of Great Britain and imports of £6,000 from
week.
loss
Paris.
8,481.350
Note.—These figures Include the Buflalo & Allegheny Valley Division for 1901 aid 1902. In June. 1901, the eariiings of this division
were approximately, gross. $678,724; net. $417,874. From January
1 to June SO the earoings of this division in 1901 were approximately $3,620,865 gross and $1,161,707 net.
The statement of
[Vol.
this
was $206,875, representwhich item now
ing the decrease in surilas ressrve,
The
foreign exchange market has been quite in-
active this week, as
is
usual
when geld exports
are in
and the business has been chiefly in sight
steiling.
The reimbursing bills drawn against the
exports of gold do not seem to have made any impression upon the market for them, indicating their
prompt absorption. On Monday the National City
Bark withdrew $1,908,204 87 and Goldman, Sachs &
Co.$786,306_73 geld bars for shipment to Baillnby the
German steamer sailing on Tuesday and Lazjrd
Preres withdrew $1,002,142 85 bars for export to Paris
by the same steamer, which will touch at Cherbourg.
On Wednesday Ladenburg, TJulmann& Co. withdrew
$606,100 02 and Heidelbach, Ickelheimer & Co. $500,623 06 in gcll Vars for shipment to Paris by the steamer
ea ling on
Thursday.
The total shipments for
the week were $4,803,377 53 and, including the
progress,
be $2,656,126 84 exported last week, the total durThe enmore or less affected this week by the average of the ing the fortnight was $7,459,504 37.
this week's consignments of gcll
loss of $4,803,379 gold indirectly withdrawn from the gagements for
baEks for shipment to Earope and also by $1,065,191 were made while sight exchange in our market was
paid into the Treasury on Thursday on account of ruling with a firm tone at 4 8785@4 8795, and while
the Central Pacific indebtedness to the Government, exchange at Paris on London was q noted at 25 francs
As an arbitration operation calculations
this amount representing the balance due on a note 16 oentimes.
payable August 2 given in adjustment of the bonds showed some profit in the shipments to Paris, as was
The exports to Bail In, however,
originally issued for the construction of this road. the ease last week.
Other notes of this character will mature semi- were difficult to account for, as no profit could be
annually until 1909. The loss to the banks will be ca let la ted on the assumption that the reimbursing
only partially ( ffset by payments made by the Treasury bi Is were to be covered with Berlin exchange on Lonstands at $15,502,400.
The bank statement
will
Klondike don. It was thought protalla, however, that a somegold which had been received at Pacific Coast points what complicated arbitration operation had been conand transferred, through these checks, to this city. ducted which resulted in a satisfactory profit. There
The total payments for gcll from the Yukon thus far were indications after the gold for Thursday's shipment had been engaged that the profit, even on exhave been $4,160,000.
ports to Paris, was diminishing, and therefore that
Money on call representing bankers' balances loaned urless there should be a change In favor of exporters,
at the Stock Exchange each day daring the week at either in local iates or in those at Paris on London,
2$ per cent and at 3 per cent. Very little money was not much more gold would go forward at present.
placed at the lower rate, and as the bulk of the busi- On Friday exchange here was a shade easier in tone,
ness was at 2£ and at 3 per cent, the average for the while Paris exchange on London was 25 francs 16$
week was about 2£ per cent. B*r_kj and trust com- centimes, an advance of \ centime. As there will
panies loaned at 3 per cent as the minimum. Time be no steamer available for exports to Paris beloans were in moderate demand for long periods, but fore Thursday, it is unlikely that gold will go
Bankers report very
there was very little inquiry for short dates.
Quota- forward eaily in the week.
tions were 4£ per cent for ninety days and 4|@5 per small offerings of spot commercial bills against grain,
though this cereal is moving freely to Earope. The
cent for four to six months, on good mixed Stock Ex
change collateral. Brokers reported a fair business in bi Is coming on the market are, as has heretofore
commercial paper, and the buying was chiefly by banks been noted, deliveries on contracts. The Assay Office
at the East and at the West; the supply is somewhat paid $726,313 89 for domestic bullion. Gold received
of Assay Office checks representing $560,000
Custom House during the week, $17,430.
Nominal rates for exchange were uniformly quoted
names. Quotaninety-day en- during the week at 4 86 for sixty-day and 4 88$ for
larger than has recently been the case, but there does
not appear to be any accumulation of
tions are 4$@4f per cent for sixty to
dorsed
5i@6
4$@5
per cent for prime and
per cent for good four to six months' single
bills receivable,
names.
The Bink
of
Eag'and minimum
rate
of
discount
remains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
2 9-16@2§ per cent. The open market rate at Paris
Is 2i per cent, and at Berlin and Frankfort it is If
at the
Bates for actual business opened on Monday
an advance of 5 points, compared with those at the
el 08e of last week, for short and for cables, to 4 8785<<|
4 8795 for the former and 4 8825@4 8835 for the latLong was
ter, and the tone was firm for these bills.
steady and unchanged at 4 8550@4 8560. There was
no alteration in rates or change in the tone on the
following day, or on Wednesday, though reimbursing
bills against Thursday's shipments were marketed on
sight.
at
.
AXGUST
.
.
THE CHRONICLE.
1902.
:.
On Thursday
each of these days.
the only percept!
215
foreign country reduce their prices to a level which
Russian manufacturers cannot meet. In self-defence
change was a fall of 6 points in long, to 4 8545®
The market this movement ought to be resisted, and Russia sug4 8555; short and cables remained firm.
was easy at unchanged rates on Friday. The follow- gests joint action by the several governments to
ing shows daily posted rates for exchange by some resist it.
While from Russia's point of view the desirability
of the leading drawers.
of such action may seem plain enough, the pHn for
Wkd., THtTB., Fki.,
Mom., TUBS.,
mi..
30
81.
July
29.
July
July
Aug. 1
July 25 July 88.
an international conference, with all the Powers inble
Brown
Bros....
486
(60 days
\
'
88k
486
4
Sight...
00 days
Xagonn A Co. { Sight-.
5 60 days
Bank British
No. Ajnerloc,. .J Sight...
Bank of
) 60 days
Montraal.
1 Sight-.
Baring,
(
.
Canadian Bank
of Commeroe.
J
.
i
60
dan
Heldelbaoh, Ick- ( 60 days
alhelmer k Co. 1 Sight...
160 dayi
LaiardFreres..
Sight,..
'
Merchants' Bk.
of Canada....
,
86
E6
88k
88k
68k
F6
86
86
86
80
88«
BSk
88k
88k
88k
86
ee
E8
80
86
88k
OOJft,
88k
88k
88k
4E6
E6
£6
SO
86
4E8k
88k
88k
88k
88k
88k
4 86
86
86
86
86
SO
88k
486
4 88k
88k
88k
B8k
88k
88k
86
86
86
86
G6
88k
B8k
88k
88k
88k
4 86
86
86
80
86
86
88k
88k
88k
88k
68k
86
86
86
86
86
88k
88k
88k
88k
88k
88k
<
60 dayi
4 86
f
Sight...
4
The market
E8
88k
4 86
4 88k
4
i
86
88k
4E8k
4
Sight...
~86
88k
on
6
a diplomatic naivete. One of the nations
asked to join in the movement is the United States,
which, as it happens, is the very nation that has
vited,
is
by its outpour of relatively lowfilled Europe with conmerchandise,
priced export
No very warm sympathy with the mooted
sternation.
plan could be expected from America. Bit America
in recent
years,
does not Btand alone in its position. Two years ago
outcry against the "American peril" was general
with the rates throughout Europe. Probably competing manufacfor long, turers are no more agreeably disposed towards our
for actual business a". 4 8545@4 8555
for cables. competition now than they were in 1900, when Count
for
short
and
4
8835
8825@4
4 8785@4 8795
Commercial on banks 4 85 5 @4 85£ and documents for Gcluchowskl raised the signal of alarm. Bit what
payment 4 84^@4 85f. Cotton for payment 4 84^@ has happened to alter the situation is that European
4 84$, cotton for acceptance 4 85-£@4 85^ and grain manufacturers, after their first period of uncertainty
for payment 4 85^ @4 85f.
or alarm, have begun to study the methods of this
formidable invader, and to appropriate them wherThe following gives the week's movements of money ever possible.
to and from the interior by the New York banks.
In this undertaking Germany has led, aid her
closed
Friday
L
been male possible exactly
until our home market,
It
not
was
own.
our
a? was
Gain (2818,000
16 593.000
Currtnoy.
f2.746.000
eight or nine years ago, ^a3 so paralyzad and de403.000
Gain.
1,149,000
740,000
Sold
pressed as to seem to have disappeared, that our man6.742.000
I8.491.0OC
Total gold and legal tenders.
Gain 13.261.000
studied the export field in earnest. In
With the Sub-Treasury operations and gold exports ufacturers
school
of adversity we learned our lesson,
the hard
With Mndinq August
the result
is
1, 1908.
3M<t9*A by
S. Y. Banks. N. T. Banks.
Ntt InUrtor
Movtmtnt.
move
in that direction has
as follows.
The schooling
and learned it to some purpose.
through which this country ra3sed from 1894 to 1896
Banks.
Bonks.
Bank Holdtnes.
is exactly what Germany is passing through to-day.
18,491,000
Gain. I3.S51 00C
Banks interior moTament, as aboTe 16.748,000
O.OOO.OOC
85,800.000
19,800,000
Loss
Snb-Traa*. oper. and gold exports.
She is learning her lesson, moreover, exactly as we
128.791,000
Total gold and legal tenders
$1(6.042.000
Loss. $2,749,000
learned ours, and the proof of it is the sudden expanThe following table indicates the amount of bullion sion of Germany's export trade. Complaint that GarIn the principal European banks.
man makers are underselling them fca* been heard
August 1, 1901.
July 81, 1903.
The refor months in English commercial circles.
Bmik tf
cent cuts in profits of German manufacturing con0014.
Silvtr.
Total.
0oM.
Silver.
Total.
cerns has in Germany been ascribed no less to dimin£
£
£
£
£
£
37.984,820
37,984.908 37,813.021
37,818 021
n gland
ished home consumption than to the very low prices
108.831,267 44.875.449 148.608.736 98,097,144 44,704.828 148,861,972
franoa
asked for export goods. More than this, a distinct
83,072,000 14,304.000 58,976.000 33,537,000 14,873.000 47,910,300
Sermany
Russia
74,299.000 8,883,000 88,179,000 89,161,000 7,635.000 76.986.000
and unmistakable tendency ha* been visible in GerA.na.-Hong'y
44,080,000 18.676,000 66,755.000 £9,070,000 11,149.000 50.819.00C
Spain
14,196.000 19,699.000 83.794.000 14.003,000 17,040,000 31,049,000
many towards consolidation of manufacturing enter16.198 000 8,041,40] 18,237,4 X) 16,819,000 1,940,1)0 17.789.1X
Even in the palmier days
prise on a larger scale.
4,849 5
Netherlands.
6.718,100 11,585,630
6,250,800 6.638.800 11,889.600
4,480,00r
Nat Selg'ir.
8,074,867 1,587,883
4,612,000
3,973,330 1,486,700
before the last Europeai "boom" collapsed, Russia
Tot.this week 386.921,090 110628288 447,649,972 316,541,265 103933428 420.477.693
was the natural market for Germany's surplus, and it is
Tot. prey, w'k i3S6.040.774 110217703 446.258.477 318.133,496 103874533 422,014029
hardly to be supposed, though the figures are not j ust
now available, that Germany hai not really provided
RUSSIA AND THE INTERNATIONAL
the greater part of the inrush of low-priced merchanTRUSTS.
The German Government would
dise into Russia.
in M. de Witte's conference.
figure
The rather languid interest manifested in M. de cut a curious
Witte's plan for an internatior. al conference about the
But again, what Germany has been doiag Eagland
Trusts, presumably means that the Powers do not is morally sure to be the next to do. The German
take the movement seriously. It was assumed, when exporter has moved first, partly because of the spur
the Russian note was first sent out to the several gov- of urgent necessity, and partly because of the striking
ernments, that the purpose in view was somehow to adaptibility shown by the modern German merchant.
prevent the activity of
exporters from foreign English producers do not so readily adapt themselves
countries, who were so eager to place their surplus to new requirements, and recent trade conditions in
product that they would cut export prices below the England, though unfavorable, have not been as
prices maintained at home either by themselves or disheartening as in
Germany.
But evidence in
their competitors.
This was supposed to be the plenty already exists that far-seeing and progresnature of M. de Witte's reasoning: A given country, sive Englishmen, of the type of Sir Christopher
Russia for instance, is struggling to build up home Eurness, are recognizing the changed conditions
industries.
No sooner La ye its goods reached market of foreign trade, and preparing to run their business
than exporters of the £ame class of goods from a on the altered methods. That the British manuWeik Mndini August
.
1,
10
1902
Intt
Outtf
Ntt Caanas in
THE CHRONICLE.
216
[Vol.
LXXV.
grasped the situa- Pig Iron Storage Warrant Company held in its yards,
tion, will be able to apply effectively the methods of all told, at the same date, just 1,000 tons additional,
his foreign rivals, there can be no reasonable doubt. making altogether but 30,861 tons on the market on
The capital is there, the experience is there, and, top of an output of over 8f million tons. A very
what is more, the spur of necessity and of threatened simple calculation will show that the 30,861 tons is
business prestige is similarly at hand. It would be considerably less than a single day's outturn of the
foolish to overlook the fact that less than a decade furnaces at the present rate of production.
Such a comparison throws an interesting light upon
ago the cry was raised in this country, loud as the
<;ry of Count Goluchowski or M. de Witte, that some- the urgency of the existing demand for iron and the
thing must be done to stop the deluge of European inability of the iron-makers to supply it even on the
merchandise, which was underselling our own manu- present extraordinary basis of production. There
been occasions [in the past when stocks
facturers in our own home markets. The "foreign have
hardly
England.
It
can
have
1892
was
been low
they certainly were not high
peril" of 1888 and
have lost entirely the capacity to repeat the achieve- six months ago at 73,647 tons—but Mr. Swank notes
ment. This is hardly a situation which would inspire, that never before have the statistics recorded such
on the part of England, cordial cooperation in the a small total of unsold pig iron as are now disclosed.
This is a statement the significance of which can
Eussian plan.
The sum of the matter is that, except perhaps for hardly be exaggerated. The amount of the stocks,
facturer, once he has thoroughly
—
some less important commercial States, such as Aus- indeed, is so trifling that they might almost be disreIn effect it may be said there were no untria and Italy, Eussia could count on no allies in the garded.
campaign so vaguely hinted at. But the truth is, no- sold stocks.
As to the extent of the production for the six
clear suggestion is produced as to what could be accomplished, even with united action. Protective tar- months, all previous records are left far behind. At
But this is a very old 8,808,574 tons, the amount is over six hundred thousiffs may of course be erected.
device; it is already in force in most of the States in and tons above that for the six months preceding (the
question, and it has had as slight restraining influence half-year from July to December 1901) and it exceeds
in shutting our manufactures out from Europe's mar- by 1£ million tons the output for the first six months
kets in 1900 as it had in shutting out England's goods of 1901 that is, the corresponding period last year.
Some idea of the magnitude of this total will be
from ours in 1890.
The real problem to our mind is, what is to be the gained when we say that in the whole of the calendar
position of affairs when reaction comes from the year 1901 Great Britain produced only 7,761,830 tons
—
present abnormally active home demand in America?
It cannot be said that competition between our export-
and Germany but 7,736,663
of iron
tons, as
against
our total of 8,808,574 for the half-year of 1902. In
ers and the exporters from European markets is at a other words, the United States made more iron in the
maximum to day. We are in fact ourselves importing first six months of the current calendar year than
the other two leading iron-producing
so heavily in some directions as to draw off a good either of
part of these very surplus European goods. It is a countries in the twelve months of the late year. We
curious question, what shape the matter will assume have no statistics whatever concerning Great Britain's
when America aggressively reenters the world mar- output in 1902, but the product of Germany for the
five months to May 31 has just been reported at
kets with its surplus.
A p artial answer to this inquiry, and the most reas- 3,318,703 tons.
We get just as striking contrasts, however, if we
suring, lies in the fact that, after all, the cheapening
processes, both of manufacture and of distribution, compare with our own figures of production only a
involved in the new situation, are an undoubted boon few years back. From the following it will be seen
to civilization.
To such
conditions manufacture here
that against the 8,808,574 tons of iron which this
country turned out in the six months of 1902, the
Had Eussia been able to allege, as was once thought make five years before in the first half of 1897 was
possible, that the great foreign trusts had joined only 4,403,476 tons, while in the first half of 1895 it
hands with domestic enterprise to force and maintain was no more than 4,087,558 tons, and in the first half
and elsewhere must conform
if
it
wishes to survive.
excessive prices against consumers, then,
we imagine,
of 1894 (following the panic of 1893) but 2,717,983 tons.
note would have met with a vastly different recep- The difference between adversity and prosperity is
But it is hard to stir up a people to indignation strikingly illustrated in the contrast between this
tion.
on the ground that their living necessities are sold to 2,717,983 tons product for 1894 and the 8,808,574
tons for 1902, the one being over three times the
them too cheaply.
its
other.
CONTINUED EXPANSION IN PIQ IRON
PRODUCTION.
PBODtTCTION OF PIG IBON IK HALF-TBABLT PERIODS.
Oross Tons.
4,562,918
2,561,584
2,717,983
3,939,405
4,087,558
5,358,750
4,976,236
3,646,891
4,403,476
.5,249,204
1893— lBt half
2d half
1894— let
1898— 1st half
2d half
1899-lethalf
2d half
of the current calendar year as it is revealed in the
statistical statement issued in its usual complete form
half
2d half
1895— 1st half
2d half
1896— 1st half
2d half
1897- 1st half
2d half
by the American Iron & Steel Association, through Mr.
James M. Swank is to say that with the make of
in view of the anthracite coal miners' strike.
Perhaps the most graphic way of telling the story
of the country's pig iron production for the first half
—
—
iron far surpassing the largest previous total in any
period of six months, and reaching the enormous
unsold
amount
in the hands of manufacturers or their agents on
June 30 1902 were only 29,861 tons. The American
of 8,808,574 tons, the stocks of
iron
The
large total for 1902
small portion
of
1900— 1st
half
2d half
1901— 1st
half
2d half
1902-lsthalf
is
all
Orost Tom.
5,869,703
5,904,231
6,289,167
7,331,536
7,642,569
6,146,673
7,674,613
8,203,741
8,808,574
the more noteworthy
the country's iron output
Only a
is
made
with anthracite as the chief or the exclusive element
That the strike, however, did reduce proof fuel.
duction at the furnaces employing that kind of fuel is
evident from the fact that the production of pig iron
);
.
Acqcst
THE CHRONICLE.
1902.]
3,
217
—
with anthracite and mixed anthracite and coke in the of, but the favorite idea easily shown to the eye in
first six months of 1902 amounted to only 733,740 tons,
pictures of which some copies are probably still pretons
in
the
second
half
against 847,503
of 1001 and served as relics
was that of an " arcade " or suppleThe following ment al street under the full width of Broadway.
865,024 tons in the first half of 1901.
classifies the production according to the fuel used.
bit of pneumatic tunnel, intended as encouragement,
—
A
PRODUCTION OP IRON ACCORDING TO FUEL USED.
First SiJ
Months.
BHumln'us coal & coke
Mixed anthr. & coke
Anthracite alone . ...
Charcoal
Mixed oharcoal £ coke
Total
1902.
1901.
1900.
7,88^,7S2,6,597,37> 6,459,714
1899,
5,478~,653
1898.
1897.
5,087,491 3,804,882
73?,740
865,024
990,667
682,027
635,20*
473,837
186,008
191,231
167,146
128,486
147,003
124,757
6,004
17,979
25,042
«,S0>\574 7,674,613 7,642,569
6,269,167
342,907
446,020
127,193
5,869,703 4,403,476
How
Unsold stooks—
June 30
December 81
30,861
374,159
73.647
756,336
415.333
68,309'
973,678
874,978
Note.— In above stocks are included amounts reported held by the
American Pig-Iron Storage Warrant Company.
Mr. Swank thinks it possible that the production of
the whole year 1902, notwithstanding the interruption
to furnace activity caused by the anthracite strike,
may exceed 18,000,000 tons. The number of furnaces
in blast on June 30 1902 is given as 286, this com
paring with 266 on December 31 1901 and with 259
on June 30 1901. The number idle June 30 1902 is
stated as 125, but these are mostly antiquated concerns.
Mr. Swank says 28 blast furnaces were in
course of erection on June 30 1902.
A few of these
will be completed and blown in before the close of
1902, but the majority, he thinks, will not be ready
for blast until 1903.
In addition to these new furnaces, several coke furnaces are projected and a number of old furnaces are to be rebuilt during 1902 and
1903.
What
has been said above makes it clear that large
though production has been, consumption has ran
much ahead of it. In the following table we take account of the changes in stocks so as to show the
apparent consumption.
CONSUMPTION OF DOMESTIC PIG-IKON IN UNITED STATES.
Gross Tons of 2,240 Lbs.
First Six Months.
1902.
Production
1901.
1900.
1899.
1898.
1897.
8,808,574 P7,674,«l 3 7,642,669 6,289,167 5,869,703
•42,786
»71,891
274,598 •288,140 •118,642
4,103,476
erp't. 8.851,360*7.746,504 7.367,971 6,577.307 5,988.346
4,277.484
Increase In stock.,
Consumption &
125,992
Thus 8,851,360 tons remained for consumption and
first six months of 1902, against 7,746,504 tons in the first six months of 1901. But this
does not reveal the full measure of the difference between the two years. As a result of the situation prevailing our exports fell off and our imports largely increased.
As an indication of what has been going
on we may note that for the twelve months ending June 30 1902 we exported only 54,704 tons of
export in the
pig iron, against 255,253 tons in the corresponding
twelve months of the preceding fiscal year, while our
imports of pig iron reached 158,961 tons, against 39,325 tons. It should be added that in finished forms
and
objectionable these are intrinsically, and
detrimental to
steel
the same reversal of the
movement
occurred.
THE METROPOLITAN DEVELOPMENT OF
NEW
The Parson* plan
for
TORE.
relieving the pressure at the
much
how
of adjacent property, those best
realize who have had to suffer for the general welfare.
Compensation was due, in right and_equality, but was
impossible in fact.
The
prolonged
interesting
them
trestles,
tolerated existence of these
though portions of
is an impres-
are as pieces of bold engineering,
sharp and inexorable necessities
Being removed from the street
of the situation.
traffic, they were hailed, in their day, as almost the
solution of the whole problem, but they did not prove
so.
They could not fulfill expectation ; they temporarily ameliorated the trouble, but could not remove
it.
Some thought the surface roads, would be destructively affected, and they were disturbed at first,
but gradually recovered ; " rapid transit "soon seemed
as indefinite as ever, and adequate transit kept out of
reach. After thirteen years of *low progression, the
great bridge which was to be just a larger ferry that
neither fog nor ice could disturb was opened, now
Only ten years ago electric pronineteen years ago.
pulsion began in Brooklyn, being much slower in
Manhattan, where the horse-car still tinkles along on
some minor routes. The later movements have been
comparatively rapid; and now that electricity has
made subway operation practicable and the growth of
sive testimony to the
population has made them financially feasible, we are
in a rush of construction which would be startling
according to old standards of judging, and, just now,
we
are in such upheaval that one
New York
Decrease.
of iron
was constructed under Broadway from the Warren
Street corner, and must be there still unless it has
been utilized for rubbish.
Plans for a viaduct or
other elevated road to cut through the blocks were
deemed impracticably costly, and the present elevateds seemed the only attainable relief.
man
says he left
City two years ago, and returns to find
it
a mining camp.
was made for us by
Nature, for no other city in America is so unhappily
shaped with reference to suburban access. Charleston and Pittsburg are nearest like Manhattan in outline, but no other has such an enormous human tide
to ebb and flow, nor is any so pent as to movement.
The unexpected growth of population in the last
twenty, and especially in the last ten, years has also
been heightening the pressure, so that some disheartened persons have even pronounced the case hopeless,
because before any new factor in transportation can
be completed the volume of traffic to be handled will
have outgrown whatever facilities it can add.
The new lines of outlet were briefly described and
shown on a special map in the Chronicle of May 10
What
last, page 962, and may be there referred to.
The
severest of the conditions
could not be shown there is the vast outlying districts
in Queens, to which bridge No. 2, now nearing completion, most directly tends; the undeveloped territory in the southern and eastern parts of Brooklyn,
Bridge by an underground way which is also to join
all the bridges, and the awarding of the contract for
the first East River tunnel, recall how inveterate has to be apparently best served by the new tunnel, as
been the problem of intramural transit and how com- well as farther country which the Long Island Railparatively recent are the successive steps towards road will reach more adequately; also the Bronx resolving it.
Thirty years ago, the Broadway stages gion, already filling up, and even Staten Island, which,
were running, and the elevated roads were just be- has now a hope of speedier communication. Withginning. A tunnel had even then been long talked out going into details, it is plain that these great dis-
;
THE CH&ONICLE.
218
cannot be utilized until there are through lines
instead of disjointed links. The crowding at
the Bridge is daily evidence of the fixed desire for a
continuous passage from workroom to bedroom.
Hence all bridges and tunnels must ultimately be connected. For merely getting the largest number per
hour across the river, perhaps some moving-platform
device might have a larger capacity than the Parsons
plan; but the merits of the latter are that it promises
to end concentration at the terminal, that it fits into
continuous movement and that it deals with the problem in a broad way.
For nothing can so effectually dispose of this crowd
which now converges at the bridge terminals like
streams into the neck of a funnel as to take it up at points
further back, thus virtually broadening the area of the
terminal, Bridge No. 2 emphasizes the idea of
through traffic by dispensing with terminals outright,
in which the other two bridges will probably follow
it; and one advantage of the Parsons plan is that it
proposes to abolish the present terminal station, utilizing the site for a municipal building, yet breaking
*»p the huddle at that point, leaving the bridge structure itself open to view, and giving the city an approximately dignified "bridge approach." It is now quite
evident that the city offices must ultimately be concentrated in a new and adequate building somewhere.
Perhaps the long block bounded by Chambeis, Centre,
triots
to
them
opment
[Vol.
LXXV.
whose lack has been one of
the most unpleasant symptoms. For it is intolerable
to admit that New York is always to be governed by
of the civic spirit,
amd
become a place "where
wealth accumulates and men decay." The growth of
cities is a fixed fact, clearly due to immutable laws,
and he who first pronounced great cities great sores
was a very shallow observer or a very unhappy cynic.
They are ganglions, rather, and their health cannot
its
worst elements
to
permanently remain below that of the entire political
system.
____
CAB SERVICE NOT INTER-STATE
COMMERCE.
The Court
of Appeals of this State recently ren-
dered an opinion in a case of considerable interest.
The point in dispute was the right of the State authorities to impose a franchise tax on the cab service
provided by one of our leading transportation systems.
The decision sustains the right to levy such a tax.
The reasons for this conclusion are set out quite at
length in the opinion prepared by Judge Cullen,
who notes that the importance of the question involved demanded exhaustive treatment. While the
amount of the tax in the present instance was small,
the effect of the decision would necessarily be farreaching.
The Comptroller of the State o* New York levied a
Keade streets and Broadway may become the site; at tax upon the cab service of the Pennsylvania Eailroad
The Pennsylvania resisted
least it is plain that the park should be cleared of all Company in this city.
buildings, except possibly the Hall, which gives it the this tax upon the theory that the service performed
name. It seems rather a fortunate coincidence that was inter- State commerce, and therefore the State
the postal service requires a new building, and the could not collect a franchise tax upon the same. In
proposition is to go uptown, where a suitable site the lower Court the assessment was upheld, and upon
from Herald Square.
This favors and an appeal to the Appellate Division (third department)
may lead to the relief of the Park, which is an open this order was sustained. The order is now affirmed
spot only too small at the best.
by the Court of Appeals, Parker, Gray, O'Brien,
Oar large American cities, especially the older Haight and Werner all concurring with Judge CulThe prin- len, and Judge Bartlett alone dissenting. The view
ones, have grown up without definite plan.
offers not far
Brooklyn, absurdly crooked, was a taken is that whether the transportation business in
simple path which wound down the hill to an ancient this State of a foreign corporation is inter- State comGenerally, path has become lane, lane has be- merce and therefore exempt from the franchise tax
ferry.
come narrow street, and then street has become un- deponds altogether on the character of the transportacomfortable and deplored, but the cost of widening tion. If it is conducted under a separate contract
and straightening bas deterred until it became pro- with Its patrons, to be performed wholly within the
cipal
street
in
unfortunate, especially in the regulation 25x100 lot
not inter-State commerce. To be more
precise, the opinion is that a cab line service in the
and
city of
hibitory.
The
New York
original laying-out of
yet, only 27 years ago, the largest
postal
was State,
service
it
is
New York
conducted by a foreign railroad
an corporation for the accommodation of its passengers
ancient wooden church building on the narrowest and at its ferry station in this city is not Inter- State commerce; the facts showing that the company's charge
most congested business street in New York.
It would be unjust to blame our fathers for their for the service was distinct from its charge for transWhat man, standing at Fort portation outside the State and that the service was
insufficient foresight.
Dearborn in 1833, could see Chicago; or who, in 1840, performed under a separate contract with the pasin the United States was transacted,
somehow,
in
dreamed of the Pacific Coast? Our cities have grown
by accretion, like moss on a boulder, not by plan; by
temporary makeshift, not by broad provision. But
we have come at last to a stage where broader views
and a more comprehensive policy must be taken. It
is encouraging to observe, and only just to acknowledge, the beginnings of this in the admirable work of
the Rapid Transit Commission, whose members have
united good business judgment with an earnest study
senger wholly within the State.
Judge Cullen says that although
it
may be
the
New York
could levy a franchise tax on the
gross earnings of a foreign corporation for the privilege given it of running a cab line within this State,
State of
even though for the purpose of inter-State commerce,
section 184 of the State Tax Law expressly excludes
earnings derived from business of an inter-State charHe insists, however,
acter from liability to the tax.
If con- that the transportation for which the Pennsylvania
for the public interest in the long future.
solidation, at first perhaps seeming of doubtful value, Railroad has been taxed is not inter-State commerce.
under any contract for
is to really justify itself, New York must be not It is not rendered, he says,
merely "greater" but unified and metropolitan. transportation from a point within the State to a
Private capital shows a hitherto unwonted faith in point without the State, or vice versa, but is solely a
the city's future, and we may expect a larger devel- carriage between two points within the State under a
-VI Ul.?l
V/
»,
U MM
\-r A.*
-»-
V-»
*-JJU.
rx*r
"We cannot think that, under the
was the intention of Congress to
confuse in our legislation the carting to and from the
stations with the transportation on the rails, and if the*
Act can be interpreted to avoid that confusion it should
be done. We may suppose, since with us it is a business done almost exclusively by outsiders and rarely
The fact that the company is a foreign corporation by the railroad oompanies, and being usually done
has no effect on the question whether its cab service wholly within the territorial limits of a State, is not
A domestic corpora- within the jurisdiction of Congress, that it was not^inis inter- State commerce or not.
tion or an individual citizen of this State may engage tended to interfere with it except so far as it might
as well in inter-State commerce as any foreign corpor- affect directly the transportation of goods between
ation.
Transportation from the city of New York to the States by being used as a device to evade the juristhe town of Portchester is domestic or lntra-State com- diction over that subject." The United States Sumerce, because both places are in this State, although preme Court affirmed this case, saying that railway
the transportation is performed by a foreign corpora- transportation ends when the goods reach the termition, namely the New York New Haven & Hartford nus or station and are there unshipped, and that anyRailroad Company. Transportation from the city of thing the company does afterwards in the way of land
New York to Paterson, N. J., is inter- State commerce, transportation is a new and distinct service not emalthough it is over the road of a New York corpora- braced in the contract for railway carriage.
tion, the Erie Railway Company.
Counsel for the Pennsylvania Railroad Company
Hence it is the character of the service, not the had referred to two cases decided in this State which
character of the traffic, that determines whether the apparently supported his contentions. One of theie
transportation is inter- State commerce or not.
"If, was a previous case in which the Pennsylvania Railin the instance suggested by counsel, when a person road was concerned, and reported in 138 N. Y., page
Intending to travel to Washington takes one of the 1. There it was held that the franchise tax could
relator's cabs to carry him from the Fifth Avenue not be imposed on the company for capital invested
Hotel to the relator's ferry station, that transporta- in its ferry stations and terminal grounds In the city
tion is inter- State commerce, it is necessarily equally of New York, although the property itself was subBut Judge Cullen points out that
so when he is carried by a cab called from the hack- ject to taxation.
stand in Madison Square opposite. A carrier may at that time the business of the company, so far as it
engage in both inter-State commerce and in domestic was prosecuted within this State, was confined to the
commerce, but that fact does not determine the char- operation of a ferry from Jersey City to New York
acter of the carrier's whole business or change what and to the maintenanance at the latter place of its
would be otherwise domestic commerce into inter- wharves, ferry house and terminal facilities. This
State commerce, or what would be otherwise inter- case, Judge Cullen notes, was decided under the docState commerce into domestic commerce. The fact, trine laid down by the U. S. Supreme Court in
therefore, that cabs from the ordinary stands take Gloucester Ferry Company vs. Pennsylvania (114
passengers to any part of the city does not affect the U. S., 196), namely, that no foreign or inter- State
character of their service when they carry passengers commerce can be carried on with the citizens of a
to railway or ferry stations on journeys to points State without the use of a wharf or other place within
its limits on which passengers and freight can be
without the State."
Nothing is better settled by the decisions of the landed and received, and the existence of power in a
Supreme Court of the United States, Judge Cullen State to impose a tax upon the capital of all corpora"
declares, than that in the case of inter- State trans- tlona engaged in foreign or inter-State commerce for
portation the Legislature cannot prescribe the charge the use of such places would be Inconsistent with and
to be made for even that part of the transportation entirely subversive of the power vested in Congress
In order that a traveler may use
one of the company's cabs, it is not necessary that he
should have previously obtained a ticket for transportation to some point on its railroad, nor is its use
necessarily confined to the traveler.
He may be accompanied by a friend and the traveler himself may
change his intention when he reachs the ferry.
separate contract.
performed within the State. Hence if the
claim made on behalf of the Pennsylvania Railroad
were correct, the city would have no right to prescribe the fares to be charged by public hacks or cabs
for transporting travelers to the ferries on the North
River except when the traveler intended to take
passage to some point in the State of New York, nor
which
for
is
taking travelers to the Grand Central Station
when such
travelers are journeying to Boston or to
The
only way in which cab service could
by any possibility become part of inter- State comthe West.
merce would be when the service is rendered under
an entire contract for continuous carriage to or from
some point without the State.
But even on this point Judge Cullen thought there
was doubt. As indicating the reasons for this
doubt in his mind, he referred to the recent case of
Detroit, etc., Railway vs. Inter-State Commerce Commission (43 U. S. App., 308), where it was held that
the cartage of goods by the railroad company to and
from the station for shippers and consignees was not
within the Inter- State Commerce Act. The Court
in that case said:
circumstances,
it
over such commerce.
As
to the claim that
no distinction can be drawn be-
tween the right of the company to transport
gers by ferry to the city of
its
passen-
New York across the waters
Hudson, which are within the limits of this
State, and its right to transport passengers by cabB to
and from points in the city of New York, the Court insists on the contrary that there is a marked distinction between the two rights, and^that the distinction
is recognized in all cases m^the Supreme Court of the
United States which deal with the subject. In Railroad Company vs. Maryland (21 Wall., 456,) It was
urged that transportation on land was governed by
the same principle as transportation by water, and
exempt to the same extent from State gcontrol. The
Court decided against this contention, and it was
held
"Commerce on land between the different
States is so strikingly dissimilar in many respects from
of the
:
often difficult to regard
in reference to the respective constitutional powers and duties of the State
commerce on water that
them in the same aspect
it is
and Federal governments.
No
doubt
commerce
THE CHRONICLE.
220
[Vol.
LXXV.
by water was principally in the minds of those Dlnsmore Jr., Assistant Secretary. The executive offices of
who framed gand adopted the constitution, although the corporation are located in the New York Life Building in
both its language and spirit embrace commerce by thiB city and at 27 State Street, Boston.
—Mr. Herbert H. Swasey, the present Secretary of the
land as well. Maritime transportation requires no
Fifth Avenue Trust Company, was elected to the same posiartificial roadway.
Nature has prepared to hand
tion in the recently organized Guardian Trust Company of
that portion of the instrumentality employed. The
navigable waters of the earth are recognized public
highways of trade and intercourse. No franchise is
meeting of the board of directors held on
Tuesday of this week. The following new directors were
also elected: Edgar J. Levey, Herbert H. Swasey, Nathan
Seeley and C. M. Dally.
at a
this city,
needed to enable the navigator to use them. Again,
—The business of the Albany Trust Company of Albany,
"the vehicles of commerce by water being instruments
Y., is increasing in a very noteworthy way, as will be
N.
of inter-communication with other nations, the regulaseen by comparing the statement of June 30 last with the
tion of them is assumed by the National Legislature.
returns for the previous two years. The deposits now are
So that State interference with transportation by $5,284,699, while on June 30 1901 they were
$2,627,013 and
water, and especially by sea, is at once clearly marked on June 30 1900 only $575,838. The item of surplus and
and distinctly discernible. But it is different with profits also shows a steady gain, having advanced from
$104,255 in June 1900 to $179,680 in June 1902. The total retransportation by land."
The extract just given was quoted with approval in sources for the two years compare as follows: June 30 1900
$881,012, June 30 1931 $2,983,897 and June 30 1902 $5,634,359.
Pullman's Car Co. vs. Pennsylvania (141 U. S. 18),
—The directors of the National Commercial Bank of Althe Court saying that the navigable waters of the
bany, N. Y., at a meeting on Friday of last week, unaniUnited States, even when they lie exclusively within mously adopted a resolution recommending to the stockthe limits of a State, are open to all the world, except holders of the bank an increase in the capital of the instituso far as Congress
it
may
prescribe to the contrary,
requires no levy or license from a State
compliance with
paement
its
police
and
(except
regulations and possibly
from the present figure of $300,000. It is
that
the shareholders shall take action upon
contemplated
the proposition the latter part of August and that the
increase shall become effective the middle of September.
The $200,000 new stock is to be sold to shareholders at 200,
thus adding $200,000 to surplus, and making the total of
tion to $500,000
imposed to defray the cost of imof
provements in navigation) for a vessel to journey on
those waters. Not so with the land. No one can surplus and profits $1,056,497—with the capital $500,000.
construct and operate a turnpike or railroad within a
—The Utioa City National Bank, of Utica, N. Y., this week
State unless by grant from the State or by the opened bids for the construction of its new bank building.
authority of Congress under its Constitutiona power The proposal of Ambrose B. Stannard, of this city, was actolls
'
to establish post roads. Judge Cullen also refers to cepted, and the contract is to be signed as soon as Mr. Stannard furnishes the requisite bond. The price is $108,800.
the recent decision of the Court of Appeals in People
The building is to be ready for occupancy in about a year.
ex-rell N. Y. C. & H. R. RE. vs. Morgan, Comp—Many of the "country" banks in their returns to the
troller, which he says is direct authority for the
Comptroller on the 16th inst. furnish as gratifying a showing
proposition that the liability of a carrier corporation of condition as do the city banks. One instance of growth is
to a franchise tax on its transportation depends not furnished by the Wilber National Bank of Oneonta, N. Y.
on the question whether the carrier is a domestic or a The progress made by this bank from June 1896, when deforeign corporation but on the character of the trans- posits were but $743,674, to June 1901, when the amount had
risen to $1,312,105, was noted by us in these columns on Janportation itself.
uary 25. Still further additions have been made during the
past year, total deposits reaching $1,452,177 in June and $1,ITEMS ABOUT BANKS BANKERS AND TRUST CO.'S. 491,931 on the date of the call— July 16. The capital is
The auction sales of bank stocks this week aggregate 113 $100,000, surplus, $200,000, and undivided profits, $13,027.
—
The transactions
shares.
total of 133 shares,
No
in trust
company stocks reach a
have been made
sales of either class
at the Stock Exchange. The dealings at auction include
thirteen shares of Importers'
Traders' National Bank stook
at 690— an advance of 40 points since the last previous sale
in March, was made. In the "curb " market Central Realty
Bond
Trust Co. stock continued in urgent demand and
about 300 shares were sold at prices ranging from 695 to 845
&
&
A small lot of Seventh National Bank stock was sold at
Shares.
Banks— New York.
Price.
100 City Bank, National
325k
13 Importers' & Traders' Nat. Bk. 690
Tedst Companies— New York.
3 America. Trust Co. of
292
100 Bowling Green Trust Co
30
N. Y. Life Ins.
& Trust Oo
212%
1200k
142.
Last previous sale
July 1902— 330
Mar. 1902— 650
June 1902— 265k
July 1902- 217
July 1902— 1259k
—The United States Bankers' Corporation, recently
organ-
ized under the laws of Maine with $6,000,000 common stock
(par $10), has this week offered some of its stock for publio
aubscription. The prospectus issued by this corporation
states that "there is no extra liability of stockholders, its organization having been effected under the general corporation laws." There is also a table showing "savings banks
—On
Tuesday of
this
Bank
week the
directors of the Fourth
Richard H.
Rushton President of the institution, to succeed Mr. Sidney
Mr. Francis L. Potts, who has long
F. Tyler, resigned.
served on the board of directors, was made First ViceStreet National
of Philadelphia elected Mr.
The other officials retain their old positions. Mr.
a Georgian, but has resided in Philadelphia since
In 1878 he was appointed Assistant Cashier of the
1870.
Commercial National Bank of that city, and in 1885 helped to
organize the Tenth National Bank. On Oct. 8 1886 Mr. Rushton, with other influential bankers, organized the present
Fourth Street National Bank. He has held the position of
First Vice-President of this well-known institution for many
years, and his name has appeared regularly attached to the
company's returns of condition. He i3 director in a large
President.
Rushton
is
number of important corporations.
—The Trust Companies of Baltimore, Md., have all been
progressing during the past year, but none show a greater
&
Deposit
increase in business than the Mercantile Trust
Company. This institution had deposits on June 30 1901 of
June 30 1902 shows the amount
expansion
of over four millions for the
an
to
up
$9,663,924,
deposits in the forty cities In which the
have
risen
from $11,267,752 to $15,754,resources
the
year;
United States Bankers' Corporation intends to organize and
Gill
is
the
well
known President of this
John
of
R.
control a trust company, and whioh through the operation of 241. Mr.
the Thomas D. Taylor system of banking will gradually ab- company. Associated with Mr. Gill in an official capaoity
sorb a percentage of these deposits in addition to creating are Messrs. W. W. and C. R. Spence as Vice-Presidents; A.
large numbers of new savings accounts." The officials con- H. S. Post, Third Vice-President; John McHenry, Treasurer;
sist of J. Q. A. Brackett, President; Thomas D. Taylor, First Joseph R. Walker, Secretary, and Chas. E. McLane, AssistVice-President; Don E. Curtis, Second Vice-President; Bur- ant Secretary and Treasurer.
ton M. Firman, Treasurer; Sidney B. Whitlock, Assistant
—The Luzerne County Trust Company of Wilkesbarre,
Treasurer; William F.Taylor Jr., Secretary, and Thos. H. Pa., has recently been organized with $150,000 capital and
and
trust
company
$5,306,318; the statement for
ACQOST
8,
THE CHRONICLE.
1902.]
221
has seleoted desirable quarters In the
centre of the square, In the busiest section of the city,
equipped with all the modern conveniences, including a large
manganese mob and burglar proof safe. George K. Powell,
accomplished by any consolidation with or absorption of
other banks. It is consequently all the more noteworthy,making a creditable showing for an institution of this size
and in a city of the population of Knoxville.
a prominent attorney, is President; Frank W. Lamed, at
at law, is Secretary and Solicitor, and Arthur H.
Bloom, formerly Cashier of the Farmers' National Bank of
Bloomsburg, is Treasurer. The directorship is composed of
active and prominent business men. The company will be
ready for business, we are informed, on August 4, 1902.
Dallas "News" announces that the American
National Bank of South McAlester, I. T., has seoured control of the State National Bank of that place through the
purchase of the share-holdings of J. H. Maxey Sr. and J.
H. Maxey Jr. of Shawnee, Ok. The American National is
to increase its stock from $50,000 to $100,000, and absorb the
State National.
$150,000 surplus.
It
tomey
—The
Mercer County Trust Company of Sharon, Pa.,
it is
reported, has increased its capital stock from $125,000 to
&
$225,000 and absorbed the Farmers'
Back
Mechanics' National
of Mercer, Pa.
—The
—The Tootle-Lemon National Bank of St. Joseph, Mo.,
which was granted a national charter on May 31 1902, has
issued its first statement as a national institution under the
The
oall of the Comptroller of the Currency for July 16.
deposits
return makes a decidedly encouraging showing
foot up $3,246 396 and total resouroes are $3,466,128. This
—The Merchants' and Manufacturers' National Bank of
Columbus, Ohio, has issued a very neat statement card,
adorned with an engraving showing the interior of their
handsome new building. The return for July 16 shows the institution, as previously stated in these columns, is successor
institution to have made a noteworthy gain in its deposits, to the well-known banking firm of Tootle, Lemon & Co.
which now foot up $4,002,554, while on April 30, 1902, they
The Illinois Trust & Savings Bank of Chicago shows in its
were only $3,369,437, thus recording a gain of nearly $700,000 statement of July 24 aggregate deposits of $71,290,493 and
inside of two and a-half months. The profits have risen resources of $80,858,330.
from $62,642 to $71,802, and total resources from $4,231,079 to
—The Central Trust Co. of Chicago, which opened for
;
—
$4,874,856.
The
W.
D. Park, President;
C. Park, Cashier, and
consist of
officials
G. M. Peters, Vice-President; Howard
W. B. Beebe and M. H. Sims, Assistant Cashiers,
business July
and
8,
reports deposits as of July 24 at $6,225,454
total resources $11,239,954.
—
—The
expansion in the deposits of the Fifth National Bank
of Cincinnati still continues very marked. It will doubtless
be remembered that on May 24 this institution's progress
during the past six years was noted in these columns. The
bank ha? in the few months since then added over $200,000 to
its deposit line, the total now being $3,756,951, against $3,537 495 on April 30. In October 1896 the amount was but
$646,524. Mr. Charles A. Hinsch is the well-known President
The semi-annual statement of the Union Discount Co. of
London, Limited, has come to hand, and is given at length in
another column. The loans and deposits on June 30 were
$69,878,524. The gross profits for the half-year were $931,A dividend for the half-year at the rate of 11 per cent
511.
per annum was paid on the $3,750,000 of paid up capital
stock.
—Among the banks in the West which show substantial
growth during the past three or four years, the National
of this institution.
Bank of tho Republic of Salt Lake City, Utah, is worthy of
According to newspaper reports a new bank is to be special attention. We append a table going back as far as
formed in Sandusky, Ohio, to take over the Second National September 20 1898, and giving the figures since that date up
and the Moss National banks of the same plaoe. These latter to April 30 last:
two institutions, it is stated, will go out of business Octo*-Price—>
Aggregate
Surp.et
Gross
Nat. Bank of
—
ber
15.
—The statement of the State Bank of Chicago for July 24
shows loans and discounts $7,546,414, cash and due from
banks $2,853,830, bonds, etc., $579,893, total resources $10,The deposits were $9,704,610.
980,138.
—
W. R. Holligan of the stock-brokerage firm of Osborne,
Holligan & Co., the Rookery, Chicago, has bought a membership in the New York Stock Exchange for $73,000.
—The new Chicago banks and
companies make an exstatements this week,
being for the close of business July 24. Following are the
cellent
showing in their
first
trust
official
figures.
Central Trust
Federal Trust
Colonial Trust
Chicago Savings
Loans and
Oath
Deposits.
discounts.
resources.
$6,225,454
3,812,083
122,457
289,164
$2,760,447
3,417,300
218,112
310,358
$7,645,070
2,539,465
118,072
95,632
Republic,
Salt Lake City.
July 16 1902
Apr. 30 1902
Feb. 25 1902
Dec. 10 1901
Sept 30 1901
July 15 1901
Feb. 5 1901
Deo. 13 1900
June 29 1900
Apr. 26 1900
Feb. 13 1900
Deo. 2 1899
Sept 20 1898
It will
Oapital.
Profits.
Deposits.
Resources.
$
$
$
$
300,000
300,000
300,000
300,000
300.000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
66,733
65,630
52,160
58,385
53,338
37,537
29.932
22,760
25,100
17,462
12,521
18,646
5,328
Bid. Ask-
2,414,807 3.081,541 gl20
120
2,068,857 2,726,487
120
1,774,163 2,423,024
120
1,662,452 2,320,838
114
1,910,829 2,564.168
110
1,933,692 2,570,229
89
1,636,678 2,116,610
84
1,561,394 2,034,155
87
1,243.025 1,618,126
85
1,178,172 1,544,084
85
824,374 1,181,896
927,532 1,291,178
75
691,063
60
340,785
be seen that the deposit line
now
121
121
121
121
115
112
90
85
90
87
87
76
62
stands at $2,414,-
but $340,735 on September 20 1898. The gain
extends also to the various other items, aggregate resources
having risen from $691,063 on the early date to $3,081,541 on
July 16 1902, and surplus and profits from $5,328 to $66,733.
807, against
The prosperity of the institution is reflected in the apprewhich has occurred in the market value of the
Ga., will, it is stated, at a meeting on Augast 12, consider the
shares,
particularly
since the change of management a little
matter of increasing the oapital stock from $150,000 to $500,year
The
ago.
$100 shares are now 120 bid, against
000.
The bank in point of deposits is one of the largest in over a
President,
the South and is the largest in the State of Georgia. The only about 85 at the close of 1900. Frank Knox is
amount on July 16 was $3,239,692. The officials are: Mr. George A. Lowe Vice-President and W. F. Adams Cashier.
—The
directors of the Atlanta National
Bank
of Atlanta,
ciation
James Swann, President; P. Romare, Vice-President; C. E.
Currier, Cashier, and H. R. Bloodworth, Assistant Cashier.
—The City National Bank of Knoxville, under an energetic
IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SAN FRANCISCO.
and progressive management, is enjoying a steady increase
Collector of Customs at San Francisco has furnished
of its business from year to year.
We compare below its usThe
this week the details of imports and exports of gold and
deposits for July 16 1902 with the figures for corresponding
silver through that port for the month of June, and
dates in previous years.
they are given below in conjunction with the figures for
City National Bank,
Aggregate
preceding months, thus completing the results for the
Khoxville, Tbnn.
Deposits.
Deposits July 14 1896
92
fiscal year 1901-02. The imports of gold were very small,
$700,528
Of
reaching only $42,280, of which $2,035 was in coin.
bullion.
was
silver there came in $239,259, of which $77,445
June 30 1899
a total of
Jane 29 1900.
80 During the twelve months there was received
July 15 1901
86 $12,764,648 gold and $2,964,719 silver, which compares
July 161902
1,781,83178 with $24,601,483 gold and $3,183,515 silver in 1900-01. The
It is proper to say that the foregoing reoord of growth is shipments of gold during June were only $11,555, all coin,
the result of a steady accession of business and has not been and the exports of silver have been $678,936, of which
Deposits
Deposits
Deposits
Deposits
Deposits
Deposits
July 23 1897
July 14 1898
.".
858,547 68
57
17
1,097,001
1,316,910
1,444,787
1,470,163
.
THE CHRONICLE.
222
[Vol.
LXXV.
For twelve months the exports of gold mental, that he is ready to modify his measures if they can
reached 1781,826, against $364,758 in 1900-01, and $8,368,761 be shown to operate harshly in any way, that, in short, he
The is open to conviction in every matter. That he will make
silver was sent out, against $7,927,900 in 1900-01.
mistakes at first is of course inevitable, but that he is preexhibit for June and the twelve months is as follows
IMPORTS OF GOLD AND SILVER AT SAN FRANCISCO.
pared to remedy those mistakes without delay there appears
$9,299
was
coin.
:
to be
SILVER.
GOLD.
MONTHS.
Coin.
Total.
$
$
60,685
1,550,799
5,024,825
2,504,537
2,859,654
299,762
46,544
52,429
63,324
157,093
102,716
42,280
42,862
84,873
150,057
58,491
535,459
48,287
43,090
5,139
37,499
143,325
64,451
40,245
October... 2,446.046
November. 2,324,195
December. 251,475
.
February..
April
May
Ooin.
Bullion.
1901-02.
9
July
17,823
August
1,465,926
September 4,874,768
January.
3,454
47,290
25,825
13,768
38.265
2,035
Bullion.
9
Total.
m
382,325
338,918
164,830
426,083
317,286
304,152
92,809
198,874
169,193
188,078
142,912
239,259
9
272,978
220,686
159,818
420,876
211,198
269,505
88,879
131.075
165,823
187,895
140,268
77,445
1109,347
118,232
5,012
5,207
106,088
44,647
3,930
67,799
3,370
183
2,644
161,814
Tot.12 moe 11510870 1.253,778 12764648 628,273 2,336,446 2,964,719
EXPORTS OF GOLD AND 8ILVER FROM SAN FRANCISCO.
GOLD.
SILVER.
MONTHS.
1901-02.
July
August
September
October...
November.
December.
January ..
February..
April
Iot.l2mo8
no doubt.
reported that the surrendered Boers who have
towns and gold fields are not displaying as good a spirit as was anticipated. Especially it is said
that great animosity is shown by them towards those surrendered Boers who towards the close of the military operations took up arms for the British. Probably there is a great
deal of exaggeration in all this talk, but of course it ?g
natural that men who have been fighting for nearly three
years and find themselves almost destitute should be in a
bitter mood. As, however, they find employment they will
no doubt accept the inevitable. Meanwile, everything is
being done by the Government and the great capitalists to
aid in the development of the country in every way.
The earliest railway dividends have somewhat disappointed
the Stock Exchange. In reality they are as good as it was
reasonable to expect. The rate of distribution is somewhat
higher than at this time last year, and there Is a larger
amount carried forward to the new year. Moreover, it is
understood that no draft has had to be made upon the reserves. The accounts of the companies are not yet issued,
and therefore it is impossible to speak with any certainty;
but although the dividends are not up to the more sanguine
estimates of the Stock Exchange, they are fairly satisfactory.
For the moment it would seem that the bears are taking
advantage of every possible opportunity to knock down
prices; but in spite of that the general feeling is hopeful, and
upon the Continent there is decided evidence of a more conLastly,
Ooin.
Bull'n
Total.
9
9
9
Ooin.
Bullion.
9
247,755
508,226
523,836
568,942
258,51^
839,159
8,862
34,232
30,319
13,052
33,007
9,299
9
Total.
9
2,060
• ••
5,085
....
4,066
350
2,564
3,260
*•.
4,937
...
145
3,575 732000
5,673
....
4,439
637
1,480
11,555
2,060
5,085
4,066
2,914
3,260
4,937
145
735,575
5,673
4,439
2,117
11,555
157,000
434,700
552,200
429,900
469,500
556,800
466,100
419,400
566,083
309,000
263,235
669,637
404,755
942,926
1,076,035
998,842
728,018
1,395,959
474,962
453,632
596,402
322,052
296,242
678,936
48.839 732987
781,826 3,075,206 5,293,555
8,368,761
it is
come back
\
to the large
fident feeling.
IFrom our own correspondent.!
London, Saturday, July 19, 1902.
Business continues as stagnant as ever, though probably
the recovery in New York will lead to greater activity in the
American market by and by. Contrary to general expectation, there was only one small failure on the Stock Exchange
before this report was written last week. Since then four
others have followed, but with a single exception they have
been unimportant. It is believed that most of them weie
occasioned by the inability of outside Stock Exchange concerns, which had bought through the brokers to meet their
differences.
One of the failures is of a firm which was understood to have made a good deal of money during the last
three or four years. The leading partner had been in another
firm which he left about a year or two since and started for
himself. Although it is said that during last year he made
a good deal of money, his experience this year has been the
reverse. Still, the matter is of little importance outside the
Stock Exchange. It is members of the House who chit fly
In France the bill for the conversion of the three and a-half
per cents was speedily passed through the Chambers and
practically the conversion is an ensured success. The operation is of course not quite complete, but to all intents and
is carried through.
Both in France
and in Germany interest is now centered in the conversion
of the Turkish debt, which has been under consideration for
a long time past. The appointment of M. Rouvier to the
Ministership of Finance of France, it was feared for awhile
would delay the operation, but apparently he has found
others to take his place, and his plans, it is said, have been
approved by the Turkish Government. In Germany there is
a more hopeful feeling and the prospect of the harvest in Germany itself is fairly good, while it is exceedingly good in
Hungary and is reported to be decidedly good in Russia,
purposes the conversion
likewise.
Money continues
demand, and most of the loans
that fell due at the Bank of England this week have had to
be renewed. It appears in fact that the Government has as
in strong
yet paid out very little of the money it received as the July
The general impression now is that the forced liquidation instalment on the loan. Consequently, the Bank of England
is at an end, that weak holders have been weeded out, and is very well supplied, while the open market is short; but
that the stock they held has passed into stronger hands; but Government disbursements will no doubt increase rapidly
just yet there is little inclination on the part of the public to now, and next week probably the market will be easier.
suffer.
whether liquidation is Meanwhile the conversion of the three and a-half per cents
Moreover, unfavorable rumors of vari- in Paris has revived the French demand for gold in the open
ous kinds are coming from South Africa. There is no doubt market, and most of the metal that has recently arrived here
that there \c a great scarcity of native labor, though the has been taken for Paris. It is not believed, however, by
bears are probably making more of the scarcity than it de- the best-informed in Paris that gold will be withdrawn from
the Bank of England, or that it will be shipped to any conserves. At all times native labor has been scarce, or at all
siderable extent from New York. The general impression ia
events employers have not been able to obtain all the labor that the great French banks will continue to employ a very
they would have been able to employ. Just now natives who large part of their balances in London for the remainder of
had remained at the mines for a long time past and were the year.
The conversion of the Turkish debt referred to above is
afraid to go home while hostilities continued have left in
not likely to take place for a good while yet, and in any case
very large numbers since peace was arranged. On the other it is not such an operation as would lead to mujh movement
hand, a very considerable number of new natives have been of gold, while it is understood that the Russian Government
engaged, but the newly arrived little more than make up for is under promise not to borrow again in Paiis this year.
Whether the French Government itself will have to borrow
the deficiency caused by the departure of so many old work- is a disputed question in Pai is, notwithstanding the statepeople. All the great employers are exerting themselves to ment of M. Rouvier that he does not intend to raise a loan
the utmost to get labor, and after a month or two no doubt for the present.
deal, for uncertainty is
still felt
as to
entirely completed.
they will succeed.
Another thing that is causing some disappointment is a
rumor that the measures taken by Lord Milner with regard
to old titles and other matters are not quite well advised.
We believe that there is a good deal of exaggeration in the
disappointment that is professed. Lord Milner has explained
more than once that the decisions taken by him are experi-
The India Council has somewhat unexpectedly this week
refused to sell at the rates offered by applicants. It offered
for tender on Wednesday 40 lacs and the applications
amounted to just a trifle under that amount. Only six lacs,
however, were allotted, all in bills, at Is. 3 31-82d. per rupee.
Later in the day special sales were made, also in bills, of a
The total sales
little under 23 lacs, likewise at Is. 8 3l-32d.
of the day were, therefore, slightly under 29 laos. Yet 40
lacs will again be offered for tender next week.
:
August
THE CHRONICLE.
1902,]
3,
The following return shows the position of the Bank of
England, the Bank rate of disoount, theprioe of consols, &c,
oompared with the last three years
:
1901
July 17.
1902.
Jidy
securities
Other securities
Reserve of notes and oo!n
ColnAbullton.bothdepartm'ts
Prop, reserve to
18.
24,97ti,846
87,598,886
46 7-18
4
60%
liabilities., p. o.
Bank
percent.
rate
3
Consols, 814 per oent
65 16-16
24 7-18Q.
Bllrer
Clearlner-House returns
281.761,000
•
July
The
88%
*4
92%
86%d.
9715-16
88Md.
216.088.u00
185,672,000
28,672,360
8,301,606
40,420,072
18,088,584
88.657,381
20,048,591
32,818,931
48 13-18
*3J$
107 1-18
879<d
204,716.000
money have been
Silver,
as follows;
For account
Spanish 4s
Bank
June 80
"
Montht.
8
9-1802%
9-16@2%
3
85
July
S
Interett allowed
for deposits by
Months. 9 Mot.
4
Monthi.
2
9-16@2% 8 9-16@2%
9-16@2% 2 9-16@2%
7-16@2% 2%@2%
2
2
2 7-18
5
8
2H@2
I
9-lfi
2%
2%
2H
2%
2fc@8
2%@2%
8%@3
8 9-16
2K
2*
18
19
"
|
Billt.
Joint IMs'tH's.
Stock At 7-14
Billt,
4
Mot. Banks OaU
3
3
8%
2%@3
2%@3
Dan
8
8
2)4
1%
8
2
2*
8*
2
'
2
8
2)4
2
2
2M
The Bank rate of discount and open market rates at the
ohief Continental oities have been as follows:
July
July 18.
July
11.
June
4.
87.
Ratetot
Interett at
Open Bank
Open
Rate. Market Rate. Market
Bank
Bank
Open
Rate. Market
Hi
IK
1%
IK
2%
3
Berlin
3
8,
3
3
3
SK
4%
Vienna
Madrid
Copenhagen.
..
1%
2%
2*
2M
nom.
3
8K
4%
nom.
4
4
4
4
4
4
2%
1%
1«
3
3
3
3
3
m
m
8
3
3
St. Petersburg..
2K
3
8
8K
Hi
4
4
4
4
Bank
Open
Rate. Market
8 9-16
3
8
3
m
SH
2M
2H
8%
2%
2k
2K
3
3
2M
2%
3
.......
Anaconda Mining
sUoh. Top. & Santa
Preferred
Baltimore & Ohio
Preferred
3
8K
4%
nom.
4
4
Fe..
......
fue«.
Wed.
Tkurn.
247 18
959 16
95 «8
247 18
95T 16
245 16
95 »8
247 16
95%
0082%
243a
95»8
957 16
100-27
80^8
80%
81
5%
5%
953g
95 Be
106
11278
106
113
A
m
56%
..........
39is
1st preferred.........
2d preferred...
54 14
Do
common
Erie,
Illinois
Central
Louisville
& Nashville..
Mexloan Central
..
Mo. Kan. & Tex., com.
Preferred
National RR. of Mex..
IT. Y. Cent'l & Hudson
8. Y. Ontario & West'n
Norfolk & Western
Do
do
pref.
Pennsylvania...
'PMla. A Bead
'PMla. <St Kead.,lst pref.
•Phila. & Read v 2d pref.
Southern Pacific
touth'n Railway, com..
Onion Paclflo
•
172%
151k
30%
32
323s
64%
139%
54%
31%
188%
45%
99
140%
139*8
55%
32%
55%
32%
54
54
X170
147
19
170%
34 \
34%
63%
98%
82%
34%
44%
37%
71%
40»8
oom.
96%
40%
93 7s
147%
31
32%
64%
63%
98%
823s
82
34%
44%
37%
34%
443s
44 »8
37%
37»8
72
71
70%
96%
4079
93%
31%
31%
48%
48
79
79
Price per share.
IT
Ex
32%
64*
19%
167%
34%
66%
98%
81%
34%
19
169
34%
66%
98%
81%
34»a
44%
37%
448s
70<%
403s
37%
70%
40%
1W0
no's
110%
403s
9534
405a
40
99%
99%
95%
91%
80%
46%
78%
79
55
170
31
34%
64%
98%
81%
34%
40%
99%
111%
95%
40%
93%
30%
47%
70%
30%
167%
40'e
393g
32
34%
65%
98%
100
1127e
39%
70%
170%
147%
169%
64
45%
95%
55
19
17m
104%
112%
1905s
45%
95
39
x698b
65
192
95 78
71
320b
65%
53s
93%
140%
55%
172%
150%
30%
151%
30%
80%
99
88»8
174
00-371*
99
96%
39%
71%
54%
71%
957, e
95%
0037% 10045
80%
80%
538
53s
93%
945s
95%
95%
99
191
46
4«%
97%
96'8
pref..
Preferred
Q. 8. Steel Corp.,
do
193
46
247 1€
95ii8
104%
111%
31%
31%
100
112 78
Preferred...
Do
558e
31*
m.
104%
111%
105%
111%
141%
14
193%
&Kio
5%
94%
99%
99%
* abash
Do preferred
Do
Deb. " B"
100
95%
403a
91*8
92
31
47
31%
47%
78%
78%
rights.
nom.
4
4
4
8%
&
Messrs. Pixley
Abell write as follows under date of
July 17 :
Gold -The demand for remittance to Paris, caused partly by the
conversion of the rentes, still continues, and with the cheque quoted
at 25-15%, there are buyers of gold in this market at 77s. 938d. on
French account sufficient to absorb all arrivals. The Bank received
Arrivals
£12,000 from Australia and £5,000 from Egypt.
Australia, £15,000; New Zealand, £10,000;
Straits, £9,000; South
Africa, £261,000; U. S A., £1,300; West Indies, £23,000; total,
£319,300. Shipments: Madras, £ 5,000 Bombay, £18,750 Colombo,
:
;
;
Hon
St. Paul...
Gr.,oom....
do Preferred.
Okie. Mil.
Open Market Ratei,
Irade
d.
Sat.
rr'oh rentes (in Paris) fr. 01-47%
Den.
London
per ounce
Consols., new, 2% p.cte.
Canadian Pacific
Chesapeake Ss Ohio
Uhica. Great Western.
19.
rates for
LOHDOH.
J
J
30,852,456
10,614,893
38.937,7*2
20,376,890
88.401.547
18.910,980
81.488,875
17,944. 849
Enicllsh Financial Markets— Par Cable.
The daily closing quotations for securities, etc., at London
are reported by oable as follows for the week ending Aug. 1:
July 19
18,
•
28,862,876
223
189U
1900.
July
80.396,120
12,888,777
40.741.887
jf
29.761,906
11,400,817
89.660.778
16,938.460
£6.180,057
26.102,u50
38,088.966
OlTOTUaUonPnblio deposit*
Other deposit*
SOTemmenc
..
;
£3.500; total. £27.250.
Silver— Business Is sttll very quiet In the silver market, the demand
for home coinage keens the price steady, and there have been some
purchases for India. Forward silver var'es from in,d. to %d. under
the cash price. The Indian prloe for delivery is 62%d. We close 24%d.
cash, dull, and 245md. forward, sellers. Arrivals
China, £9,000
TJ. 8 A., £15,000; West Indies, £30,500; total, £54.500.
Shipments
Madras, £2,500 Port Said, £1,000 Bombay, £30,000
Hong Kong,
£23,500 total, £57,000.
Mexican Dollars—Tbere Is no business to report, the nearest price
being 9 itd. under silver.
Imposts and Exports fob the Week.— The following are
the imports at New York for the week ending for dry goods
July 24 and for the week ending for general merchandise
July 25, also totals since beginning first week January,
FOREIGN IMPOSTS.
For vocek.
1901.
1902.
Dry Goods..
1900.
1899.
•2,303,097
8,117,391
•2,142,212
7,691,952
•2,251,753
7,497,004
$1,804,065
5,531,384
•10,420,488
$9,834,164
•9,748,757
$7,335,449
Dry Goods..., $71,798,970 •60,574,344
Stem mer'dise 247,276,894 263,970,071
•72,036,263
249,805,271
•59,803,213
241,108,795
tJen'l
mer'dlse
Total
Since Jan.
,
1
:
:
;
;
;
The quotations for bullion are reported as follows:
Gold.
London Standard.
July
t.
Bar gold,
fine
oz.
U. S. gold ooln.. .oz.
Gernrn gold ooln.oz,
French gold ooln.oz,
Japanese yen
•Nominal.
oz.
July
10.
17.
d.
8.
total 30 weeks 1319,075,864 •324,544,415 $321,841,534 $300,912,008
;
SILVBB.
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending July 28, and from January 1 to date.
EXPORTS FROM HEW YORK FOE THE WEEK.
speoie)
July July
London Standard.
17
d.
d.
TJ 9»e T7 9% Bar silver, fine. . oz. 2488
76 4% 76 4%
Do 2 mo. delivery 246 18
76 4V 76 4%* Bar silver, oontain'g
76 5* 76 5*
do 5 grs. gold.oz. 24'8
do 4 grs. gold.oz. 24H lfl
76 4*
do 3 grs. gold.oz. 24*9
oz. 26%
Cake sliver
Mexican dollars. oz. nom.
.
«4V
d.
249 16
24%
25li«
24"%
24H le
267 16
nom.
ror the week,
•8,990,037
wrev. reported 266,769,726
°«»M
1,668,141
89,552,452
17,516.392
Indian corn
lOW
1,546,940
48,229,800
20,024,700
1,447,720
49,288,400
18,653,000
1,843,770
48,181,860
19,534,205
Supplies available for consumption (exclusive of stocks on
September
_.
1):
1901-02.
1900-01.
1899-00.
Wneatimported.owt.61,768,396 60,077,700 55,474,700
Imports Of flour
17,516,392 20,024,700 18,653,000
Alesof home-grown.22,124,589 22,218,066 29,266.422
1898-99.
55,295,050
19,534,205
31,166,045
Week.
Prance
Laetweek.
2,485,000
280,000
770,000
1901.
2,915.000
280.000
995,000
1900.
2,000,000
310,000
810,000
$1,748,778
907,346
1,000
all other countries.
Total 1902
Total 1901
Total 1900
HEW TOBK.
Imports.
SineeJan.l.
$184,625
15,879,166
2,493,450
588,669
35,100
349,974
103,046
$2,657,124 $19,634,030
1,003 29,179,928
10,800 29,648,905
Week.
Since Jan. 1.
$4,866
487,550
25
198,155
21,142
696,923
108,533
$7,988
886
104,204
$113,028
67,810
19,698
$1,467,194
1,546.518
1,496,023
Import*.
Exports.
Silver.
Week.
South America
ail other countries.
TMtweek.
$9,468,669
253,270,587
JSxportM.
The following shows the quantities
maize afloat to the United Kingdom:
118
$9,305,395
305,884,759
Gold.
Germany
**
qrs... 2,450.000
K
nour, equal to qrs... 220,000
™««
qrs... 905,000
$11,334,522
292,063,320
EXPORTS AND IMPORTS 0» SPECIE AT
101,409,377 102,317,466 103,394,122 105,995,295
Aver.prloe wheat, week.SOs. lOd.
25s. 7d.
27e. 8d.
27a. lOd.
Average prloe, season. 27s. lOd.
26a. 3d
27s. 3d.
25s. lOd.
_
1899.
The following table shows the exports and imports of
specie at the port of New York for the week ending July 26
and since Jan. 1, 1902, and for the corresponding periods in
1901 and 1900.
T ot»l
of wheat, flour and
1900.
Total 30 weeks $275,759,763 •803,397.842 $315,190,154|$262,739,256
The following shows the imports of oereal produoe into the
United Kingdom during the forty-five weeks of the season
oompared with previous seasons
IMPORTS.
1901-02.
1898-99.
1900-01.
1899-00.
Jmp'ts of wheat, owt.61. 768,396 60,077,700 55,474.700 55,295,050
Barley
20,216,258 18.357,300 14,073,300 21,159,443
g*t»
14,956,912 19,572,700 16,260,100 12,909,920
£•»»
2,047,650
1,796,801
2,155,430
2,286,940
1901.
1908.
10.
Week.
1,000
147,506
62,661
SineeJan.l.
$2,997
•409,255 $17,933,736
529,731
700
6,178
420
44,622
353,181
362,339
16,623
$410,355 $18,671,512
913,135 29,329,075
939,425 29,120,017
$41,517
96,700
34,830
2,139,981
2,322,678
West Indies
Total 1902
Total 1901
Total 1900
Since Jan. 1.
700
1,100
•2,478
25,234
13,385
•780,462
1
.
.
...
(
,
.
THE CHRONICLE.
224
New York City Clearing House Banks.— Statement of
condition for the week ending July 26, based on average of
daily results. We omit two ciphers COOJ in all cases.
BANKS.
Oapital. Surplus.
Loans.
1,600,0 8,376,3 21,374,4
1,000,0
Phenlx
266,1
6,123,0
City
26,000,0 16,166,1 129,688.0
Ohemioal
300,0 7,212,4 34,504.6
Merchants' Ex..
600,0
283,3
6,010,1
Gallatin
1,000,0 2,118,6
8,696,7
Drov's'
800,0
Bntoh.A
77,4
2,007,1
Mech.<fc Traders'
400,0
151,6
8,507,0
Sreenwloh
300,0
184,6
1,219,7
Leather M'f'rs..
600,0
609,8
4.571,6
B* Tenth Nation' 1,700,0
120,4
6.209,4
American Exoh 6,000,0 8,486.- 28.107,0
Commerce
10,000,0 7,266,6 72,186,4
Broadway...
1,000,0 1,874,8
7,068,»
Mercantile
1,000,0 1,386,3 14,173,3
649,0
Pacific
423.7
3,302,5
Chatham
460,0 1,010,6
6,276,2
1.923,6
People's
300,0
861,8
North America.. 3,000,0 1,968,9 17,086.4
Hanover......... 8,000,0 6,753,1 47,787,6
5,771,0
978,8
Irving .......... 1,000,0
601,2
6,169,7
OltiBens'
1,650,0
296.9
2,781,7
600,0
Nassau
6.136.4
900,0 1,017.1
Market <fc Fulton
8,813,1
366,7
Leather 1,000,0
Shoe
Corn Exchange.. 1,400,0 1,838,3 35,297.0
420,8
1,838,4
800,0
Oriental
Imp't'ra'ATrad. 1,600,0 6,233,0 23.596,(1
4,803,6
62.746.4
3,000,0
Park
1,243,6
145,6
360,0
Bast River.
Fourth
8,000,0 3,669,7 30.883.7
657,3 10,726.0
Central
1,000,0
9.724.0
300,0 1,174,4
Second
First.............. 10.000,0 12,274,6 75,832,7
867,3
5.389.3
500,0
N.T.Nat'lExch,
772,8
2.777,0
350,0
Bowery
611.1
3,980,2
300,0
County....
N. T.
8,666,2
435,2
750.0
German Ameri.
1,000,0 3,181.0 41,089,4
Chase
9.444,2
100,0 1,488,8
Firth Avenue...
621,4
2,006,2
300,0
German Exoh...
850.1
8,008,4
300,0
Germanla
Lincoln.
800,0 1,169.0 10,686.4
7,646,6
1.362,1
Garfield
1,000,0
890,4
2,808,8
300.0
Fifth
Bank of Metrop. 1,000.0 1,288,3 8.317,0
3,919.0
472,0
200,0
West Side...
Seaboard....
500,0 1,128,4 13,308,0
3,100.0 8,049,4 40,881,6
Western.....
4,016.0
588,0
800,0
1st Nat., B'klyn.
878,2
7,176,6
Liberty
500,0
443,0
4,077,6
N. T. Prod. Ex.. 1,000,0
New Amsterdam 500,0 664,1 7,487,0
4,101.0
Astor.
491,4
860,0
443,4
8,897,6
United States...
500.0
A
Depoeitt serve
S
•
of
America.........
Legale.
Specie.
9
*
„ *
N. Y.... 3,000,0 3,220,7 18.672,0
Manhattan Co... 3,060,0 2,386.0 33,768.0
Merchants'
2,000,0 1,213.x 13,811,4
Mechanics'
2,000,0 2,476,5 13,435,0
Bank
..
3,966,0
8,962,0
2.495,2
2,054,0
8,293,7
1.815,0
27,263,0
4.133.9
916,0
834,2
482,3
451,0
98,1
995,4
1,268.1
2,803,0
9,518.0
1,648,4
2,470,8
407,9
735.3
200,2
2,634.8
7,227,7
789,9
888,8
326.2
1,102,3
870,3
4,182,0
204,6
4.483.0
12,238,6
166,6
3,967.1
2,785,0
1,634,0
16. 242,5
947.6
868.0
782,6
657.2
10,803,8
3,463,1
230,0
413,5
795,6
1,602.1
488.4
1,657.8
409,0
3.897,0
10,979.8
679,0
1,898,6
673.6
1.474,3
900,0
68P.0
P.O.
f
1,760,0 18,399,0
2,036,0 31,338,0
1,006,3 16,097,4
1,488.0 13,731.0
8,049,0 34.830.6
348,0
6.468,0.
8,510,0 121,258,0
3,803,4 33,785.0
6,618,7
889,8
6,618,4
983,0
2,331,1
81,6
294,0
3,664,0
1,096.8
158,6
234,t
4,687,1
6,164,5
305,0
2.188,0 21,277,0
6,672.4 08,090,8
413.P
0.682.8
1,797,8 15,589,7
3,914,9
464,2
893.7
6,863,1
2,556,0
611,2
1.819.5 10,809.0
0,400.1 64,213.8
5.182,0
542,£
7,046,«
884,7
8,814,9
837,7
709.6
6,603.6
4.304.7
227,0
3,944.0 38,684,0
1,748,7
274,0
1,340.0 31,788,0
4.059.1 04,921,6
1.884.1
196.9
3,755,6 32,675,6
1,116,0 14.249,0
1,313,0 10.619.0
3,048,8 70,189.7
405.fi
6,390.2
318,0
8,069.0
891.3
4,799.0
362,6
8.425.8
3,865,7 49,999,8
347,1 10,609.3
410,0
8,104,9
4,762,4
003,8
3,897,9 12,182.2
281.8
7.685,6
3,461.1
189.8
088,6
8,675,9
821,0
3,179,0
1,052.0 14,782,0
2.685,5 48.799,2
4.703,0
1,029,0
436,0
7.108,1
462.8
8,954.4
669.9
8,829.9
163.0
4,070,0
8,839,3
90,0
member
Bamks.
W. V.*
35-0
"
"
20..
260
25-7
29-6
270
281
26*7
24-1
20-3
22-9
28*8
25-3
23-8
25-6
29-3
27-3
22-2
25-0
317
242
252
25 9
251
5..
Bos.'
July 12..
"
"
24-8
27-5
52,822,0 188.290,0 16,748,0
52,322.0 186,867,0!l6,869,0
52,822,0 186,183,0 17.046.0
19..
20..
"
"
*
*
BANKS.
Oapi-
(0Oi omitted.)
tai.
LS4.T. Depotit.vjith
Sur- Loans &
plus.
Invest- Specit
ments.
AB'k.
<
%
108,7 2008.2
246,4 2742,0
98,6 1973,2
42,9 1687.7
110,4 1864,4
91,6 2284.2
180,7 1666,8
170,6 1532,6
240,6 2916,0
101,1
968,0
864,4 4881,0
73,3 1423.0
82.2 1172.7
363,0 1505,8
43,8
714.8
106,2
608.5
62,6
713.1
77,1 1388.3
262.6
67,6
100,7
436.4
189,8 2104.4
51.8
144,0
146,8
12,6
106,0
134,6
41,3
26,0
134.0
156,5
107,0
57.0
101.P
80,6
86.3
184,2
149,4
214.0
77,5
162,0
160,0
117,5
154.0
88.6
31,4
54,7
60.3
10,4
12,0
39,7
131,0
210,0
150,0
100,0
Brooklyn
800,0
Eighth Ward...
100,0
Fifth Avenue..
100,0
Manufaot'rs' Nat'l. 353,0
Mechanics
500,0
Merchants'
100,0
Nassau National. 300,0
National City
800,0
100,0
North Side
100,0
Peoples
w
Seventeenth Ward 100,0
300,0
Sprague National
100,0
Twenty-sixth
300,0
Union
Wallabout
100,0
188,7 1405,9
199,8 1661,6
170,8 1483,1
346,0
17,7
80,9
749.1
2943.1
480,1
352,9 8788.6
773,7
83.7
027,6 3786,0
586,0 2990,0
924,8
158,8
188.7 1.287.1
76.9
647.0
269.0 1028,6
66,e
498.3
185.0 1,305.4
798.6
03,4
12.6
18.8
87.3
98,7
128,1
46,4
84,0
37,8
107.6
I
Columbia
Fourteenth Street.
Gansevoort...
Hamilton
Mount Morris......
Mutual
Nineteenth Ward.
Plaea
Riverside
State
Twelfth Ward
Twenty-third W'd.
Torkvllle
Washington
Fidelity
Varlok
Jefferson
Century
Wash'gtonHelghts
United National.
17,4
S26.0
I
36,830,626
25-1
18'8
24-4
23-8
October
52,004,912 48,238,194
November.. 43,888,120 49,430,417
December. 49.971.5C0 45,262.224
203
Ianuary...
February.
. .
6,0
68,0
40,8
08,1
"*4
188,7
21,4
67,0
86,4
8
188,6
45.1
36,6
89,"
9.3
23.0
90.8
39,8
127,1
176.0
116.4
44,1
83,6
828,8
869,8
89.9
675.0
399,0
02,4
02,6
91,6
177,2
102,4
69.7
26,1
20,0
42,3
18,3
10,0
91.7
158,6
1*.?
18880
52,2
7,8
21,8
1880,6
1683,0
687,1
582,4
706,6
1133.8
148.2
813.9
1187,7
Broadway
Wd
Boreugh of
Richmond.
Bank of Staten Isl
lstNat.,Staten Isl
35,0
100,0
74,9
91,8
698,8
688,0
400,0
350,0
360,0
200,0
110,0
125,0
984,9
016,4
804,9
249,7
4786,9
2290,3
9.1
84,5
830.2
210.3
11.1
190.0
143,0
12,8
46.9
8.6
98,8
9.9
305,2
02,8
846,0
232.0
51.6
92,6
"78,0
20,0
14,0
30,0
86,0
68,0
140,4
45
4
40.8
60.0
34
1694.1
1795,5
1522,9
405.6
093,2
8298.0
4813.3
880.8
4230,0
8177.0
967,8
1825.1
602.8
980,1
641,2
143,6 1,279.0
88,6
768,4
3d Nat., Hoboken.
403,1
125,8
1242,1
1217,8
2608,4
1003,4
975,7
133.6
280.2
230,4
169.2
98.9
62.4
67.4
6,7
22.£
19.
1
!
40,626,486
44,182.246
43,869,197
13,581,463
12,094,738
May
43,620,186 49,098,348
44,809.826 £40,198,826
41,295,024
46.762.49S-
12.866,316
36.610.782
41,165,951
12,634,019
18.288,207
11,380,862
June
560.085,498 583,225.994 480.3* 9,900 549.640,801 165,66F,771 152.996.544
Total...
The imports and exports of gold and silver for the twelve
months have been as follows
:
Gold Movement at New Fork.
MONTH.
Imports.
1901-08.
August
September..
638,744
105,953
180,248
162,268
1,389,422
4.206.887
648,843
338,636
184,874
258,003
523,078
811,478
08,214
149,170
4,719,031
6,457,740
October....
November..
December.
January...
February..
Jane
Total
...
Silvbr-new York
Exports.
1900-01.
S
500.068
711,668
1900-01.
1901-03.
f
314.747
299,628
Exports.
1901-02.
1901-03.
$
1
141,468
Imports.
2.246.381
1,020,068
3,406.329
473,825
88.476
3.104,781
15.700,080
4,691,960
1,969,766
17.613,591
1,299,621
3.412,078
101,641
916,766
8,087,810
208.28C
1,243,947
3,704,569
58.070
217,646
1,881,888
3.904,239
334,424
3.301,631
586,107
321,163
67,009
4,010,996
3,2e 5,101
7,874,261
8,174,509
284,995
314,548
175,579
261,439
4,706,538
465,900
2,625,233
4,893,395
565,806
10,080,137
647,172
231,324
810.147
49,602
6,019,167
307,424
2,411,220
1,669,148
11,157,938
48,380.318
49,278.1321
8,2C6,743
8 a ,5P8,681
Stocks,
13 Manhattan Life Ins. Co.. 425
13 Importers' & Traders'
40
Bank
690
3 Trust Oo. of America
292
50 Otis Elevator Co., pref..l03ifl
5 Safety Car Heating &
Lighting Co
162*4
65 Title Ins. Co
160-1 63*2
100 National OltyBank
325 14
100 Bowling Green Tr. Co....212»e
Nat.
S
$
1,489.015
Auction Sales— By Messrs. Adrian H. Muller
3,304,141
2,641,913
& Son
Stocks.
Merchants' Ins.
Co.
of
145*4
Newark. N.J
30 N. Y. Life Ins. & Tr. Co.l200 14
00 Nassau Fire Ins. Co. of
180
Brooklyn
3 Lawyers' Title Ins. Co... 435
Bonds.
$20,000 Coxsaokle & Greenv.
Trac.Co. Ist5s,1925. F&A.
Feb., 1900, coupons on. .$210 lot
Banking and ^financial
Spentcer
Trask & Co.
2T
....
BANKERS,
&
29
PINE STREET,
NEW YOBK
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 SECURITIES.
Members
N, Y. Stock
Branch
Exchange.
Moffat
New
&
Office,
65 State
St.,
Alban y
White,
Members
York Stock Exchange,
1 NASSAU STREET, CORNER WALL.
Dealers in Investment Securities.
TeL. 6820-5821 Cortlandt,
10713
Totals July 38.. 8612,0 P328,t) 76a24.4 3574,8 4183.3 7856.7 2247,1 80170 6
Totals July 19.. 8612,0 9326.0 75722,2 3697,4 4286,0 8268,7 23B6,;- 81388.9
Totals July 13.. 8012,0 9326,6 75360,3 3676,1 4559,7 8688,4 3893,1 81998,0
14,800,800
12,694,292
12,897.843
49.684,388
655,0
710,3
1871.6
1244.4
1258.1
2269,2
35.847,167
11,846,638
12,443,941
49,978,082
68702
578,
44,688,985 14,678.228
46,167,415 14,660.604
April
Other Cities.
1st Nat., Jer. city
Nat.. J.O.
3d Nat., Jer. City
Sd Nat., Jer. City.
1st Nat., Hoboken.
Hud. Co.
43,128.442
42,352.497
11.793,166
13,414.706
March
Boro'h of Brooklyn.
Bedford
89,337.307
13.160.7g6
42,717,498 18,001.053
49.241,496 15,711,474
42,443.433 12,847.238
40.833,311
39,781,269 14,088.660
44,109,291 14.433,119
280
1785,8
1995,4
2900,5
1627,8
1782,7
8058,0
967,0
6446.0
<
13,435,073
12,466,410
1
45.647.767
43.259,888
48,793.410
24-4
2444 7
84,'6
1900-01.
61,940,416
43,698,194
69,461,658
I
43,1
98.6
240.1
14,152,847
2216,0
8,0 2883,
365,0
4.6
6,6
3.3
7.9
S
42,929,955
160,0
104,0
231,0
88,6
102.7
41,9
88,0
45,1
64,8
11,8
11.7
$
44,004,877
39,646,072
39,460.684
44,679,882
38,537,728
Net
4'i7.«
184,7
185,2
822,3
99,0
287,7
115,0
t
40,178,987
Other DsposU
Nottt. Agent. Bke.Jn
100,0
800,0
100,0
300,0
200,0
260,0
300,0
300,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
300,0
100,0
300,0
100,0
100,0
1000,0
Colonial
1901-02.
44,900,546
Oltar'g
8
1900-01.
\ngu9t
September
New York Cut
Borough of
Manhattan,
1901-02.
257
260
Reports of Non-Member Banks.—The following is thf
statement of condition of the non-member banks for tbf
week ending July 26, based on averages of the daily result
We omit two ciphers f00) in all cases.
—
1900-01.
1
40,238,198
21 8
5,009,0 143,821,5
5,001.0 140.790,0
6,000,0 126,379,8
1901-02.
47,093,078
3
6,509,0 212,609,0
7,002,0 210,006.0
6,813,0 207,784,0
1
31,683,8
31,777,2
31,809,6
31,997,7
Merchandise Movement at New York. Customs receipt*
AT NEW YOBK.
Exports.
Imports.
Month.
inly
27
$
13739626
13600084
15176734
15105008
76,629,8 958,047,5
77.269,S'342,398,0
77.713,8|940.692,P
79,390,1 962,097,2
New
27*8
377
341
264
281
Olearimi.
f
Foreign Trade of
York Monthly Statement.— In
addition to the other tables given in this department, made
ap from weekly returns, we give the following figures for
the full months, also issued by our New York Custom House.
The first statement covers the total imports and exports of
merchandise and the Customs receipts for the twelve months
of the last two seasons.
262
25-5
25-3
24-8
Oirc'l'n.
9
216,427,0 8,922.0 108,641,0
44,704,0 185,075.01
65,291.0
!216,935,C 8,898,0 116,822,5
44,764,0 186,158,0
55,685,0
44,764.0 184.845.0!
55,721,0
1214,216,0 8,900,0 109,983,9
We omit Uoo ciphers in all these figures.
(itm to of.hor hanlr«."
fnolndlntr for Ronton and Philartfllnnla the Horn
26'2
235
Depotitt.i
9
19..
26..
202
260
25-7
30-2
22-6
25-9
Legale.
Phlla.*
July 12..
100073,7 1146371 918,294.6 1741366 79,390,1 969,097,2 26"6
Total
Specie.
*
9
211,947,8 910,883 211731168
211,947,8 906,778.2 1705072
211,947,8 903,827 8 1731687
214,809.8 913,294,5 1741866
20-0
27-4
256
,Loans.
t
12..
19..
"
banks.
Capital *
Surplus.
July
35'7
LXXV.
Souse Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the non-
256
254
[Vol.
Tracy
No.
CHICAGO.
&
Telephone Stocks a Specialty.
Co., Bankers,
NBW
YORK.
Street,
MILWAUKM.
Connected by prlrate wire.
40 Wall
Dealers In High Grade Bonds.
Boston & Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
New York
City,
List of Current Investment
Exchange.
New York Stock Exchans
Members j chi^o
stock Exchange
-
)
i
of cringe
sent on Application.
Commission Orders
Executed In all Market
;
J
August
.
;
THE CHRONICLE
2, 1902.
—
United States Bonds. Sales of Government bonds are
limited to $10,000 2s, coup., at Wi%< and $2,000 4s, coup.,
Following are closing quotations; for
1907, at 108%.
yearly range see third page following.
Sautters' JKaatette.
DITIB8ND S
Fame
Cent Payable
Railroads (Steam).
Northern Pacific, com. (quar.)
Northern Securities (quar.)
Rome Water.
Union
>fe
TJtioa Clinton
Aug
Aug
Aug
1*2
1
II4
OgdensDg., gu. (qu.)..
Pacific, com.
When
Per
Company.
of
and pref
& Binghamton
Books Closed.
(Days Inclusive.)
City R. T, Mlnneapolis.com. (qn.)
Bank
of the
Aug
Banks.
m Aug
Aug
6
Aug
Aug
2
to
Aug
Holders of
Aug
l»4|Aug
Aug
Aug
lValAug
Aug 8
Aug 13
6
American Chiole, com. (monthly)
American Radiator, pref. (quar.)
Calumet* Hecla Mining
Electric Co. of America
People's Gas Light & Coke (quar.)
V- 8. Bobbin & Shuttle, com. (quar.)..
1
do
do
V. 8. Cotton
1
Aug 17
Aug 4
Aug 1
Aug 1
Aug 29
Aug 15
Aug 10
reo. J'ly
31
I
5 Aug
250. [Aug
20
20
Holders
reo. J'ly
to
to
to
to
J'ly
J'ly
Aug
Aug 10
Aug 14
to
to
5
11
Holders of
$1 50: Aug
pref. (quar.).. $1 75
Sep
Corporation, pref...
3
do
Duck
to
of rec.
to
to
to
to
Manhattan Co
Trust Companies.
People's, Brooklyn (monthly)
Miscellaneous.
Periods
to
Aug 1
Holders of reo. J'ly 31
to
Aug 1
Sep 3
to
Oct 14
Street Itiillwnys.
5 Aug 10 Aug 5
Boston Elevated Ry
$4 Aug 20 Holders
Capital Trac, Wash., D. C. (extra)
2 Aug 15
Dayton Springfield* Urbana Ry
1*4 Aug
1 J'ly 21
Leh. Val. Trac, Allentown.Pa., pf.(qu.)
1 J4 Aug
1 J'ly 26
Metropolitan St., Kan. City (quar.)
" Aug 17
Metropolitan W. S. Ele., Chic, pref...
IH2 Aug
Twin
Interest
J'ly 29
Oct
2
2
225
of reo.
30
Aug 18
Aug 25
Aug 1
Aug 1
Sep
5
registered
1930
coupon
1930
1930 jsmaJ.reglstered
coupon
1930 ,small
registered
1918
coupon
1918
2s,
2s,
2s,
2s,
3s,
8s,
8s, 1918, small. registered
coupon
8s, 1918, small
registered
4s, 1907
coupon
4b, 1907
registered
4s, 1925
coupon
4s, 1925
reg'jstered
5s, 1904
ooupon
6s. 1904
"This
Is
Q—Jan
Q—Jan
Q—Feb
Q — Feb
Q—Feb
Q—Feb
Q—Jan
Q—Jan
Q— Feb
Q— Feb
Q— Feb
Q-Feb
July
26
July
28
July
29
July
30
July
31
*107i4 *107i4 *107i4 •107 "4 *107i4
*107i4 107»4 *107i« 'IO714 *107i4
10714
10714
*ib6»« *i*06»4 *i05»4 U06»4" •ios**"
*106>» *106i2 *106ia •106 Hi •106S
*05 s4
*i*06'
•ibe"
*i"06ii •ibeia •iodis
105*4
r
i'o*534
•108
•108
•108 *108i4 *108i4 '1081*
10834 •10814 *108i« nos^ *108 14 TO8I4
132 *132 *132 *132
*132
132
*183i4 *133i4 '13314 *133i4 *133i4
*103'4 *103»« *104
*104
•104
U05 *105 *106>4 *106i4 •lOek
«32^
104
104
the price hid at the morning board; no sale was made.
Railroad and Miscellaneous Bunds.—No sales of
State bonds have been reported at the Board this week.
The market for railway bonds has been much less active
than of late. Although not so reactionary as the stock market, there has been a tendency to more or less weakness,
and the list of bonds that have declined an average of a
point is one of considerable length. There are, as usual,
a few exceptional features.
State,
Rail roan and Miscellaneous Stocks.— On a steadily declinID02.-5 f. U.
volume of business the market for stocks has been, as
ing
light
The Money Market and Financial Situation.— In the
some time past, decidedly irregular. A few issues adof recent Wall Street history it is not surprising that opera- for
for specific reasons, but the market as a whole has
vanced
tions at the Stock Exchange have diminished day by day
and that security prices have generally declined this week. had a tendency to weakness, and a long list of railway shares
The advance which had taken place within a month natur- shows a decline of from 1 to 3 points. St. Louis & San FranChicago & Eastern Illinois each advanced about
ally led to profit-taking sales and, although these were cisco and
on
a report, semi officially confirmed, that the forpoints
6
readily absorbed, the process was accompanied by reactions
Hocking
It mer had secured a 99-years' lease of the latter.
in many cases from the highest prices recently quoted.
Valley advanced 3^ points, presumably on the increased
is to be noted, however, that reactions are generally narrow
demand for bituminous coal. Norfolk & Western, Missouri
and the market has relapsed into dulness.
An event of the week attracting attention in railway and Pacific and the "Soo Line" issues moved up from 1 to 3
financial circles has been the formal announcement of the points without new developments in either case. Manhattan
new Rock Island financial plan. There has been much ad- Elevated has been active to-day and closes nearly 3 points
verse cri'icism of the plan and it is significant that its dis- higher than last night. Southern Railway, Reading and
cussion has been accompanied by a decline of about ten Erie were also relatively strong. On the other hand Rock
points in Rock Island shares. Gold exports have continued, Island suffered a decline of over 10 points from the high quotations noted last week, unfavorable criticism of the
the shipments for the week amounting to $4,803,377.
new
financial plan accompanying
the movement.
The
ones.
special
operations
are
It is reported that the
However this may be, it is difficult to understand how bills miscellaneous list contains some erratic features. New
Air Brake advanced 15 points and closes near the
of exchange drawn against these shipments could be made York
to yield a profit at current rates. The money market con- highest. Colorado Fuel & Iron declined 12% points,- and
closes near the lowest.
General Electrio declined nearly 6
tinues easy and rates are practically unchanged.
The open market rates for call loans on the Stock Exchange points, recovering feebly.
For daily volume of business see page 23^.
during the week on stock and bond collaterals have ranged
The following sales have occurred this week of shares not
from 2)4 to 3 per cent. To-day's rates on call were 2% to 3 per
represented in our detailed list on the pages which follow.
cent. Prime commercial paper quoted at 4% @ 5 per cent.
The Bank of England weekly statement on Thursday
Sales
STOCKS
Range for Week
Range Since Jan. 1
for
showed a decrease in bullion of £354,834, and the percentage Week Ending
August 1 Week
of reserve to liabilities was 47 93, against 51*50 last week,
The Amer Agricul Chemical. 3,962 29 J'ly 28 32 14 J'ly 29 21 Mar 32 14 J'ly
the discount rate remaining unchanged at 3 per cent.
Preferred
800 88 J'ly 28 91 J'ly 29 82^4 Jan 91 J'ly
Bank of France shows an increase of 2, 400, 00U francs In gold ButterickCo
200 45 J'ly 30 49 J'ly 31
41 J'ne 6038 J'ne
Canadian Pao subs 2d pd 2,600 13178 JTy30 133»aJTy28 122 ^May 134W17
and 325,000 francs in silver.
13i4J'ly
Chic
R
I & Pao rights... 36,042 10i2 J ly29 13i4J'ly26
The New York City Clearlng-House banks in their state- Clere Lorain Wheel.. 100 76 34 J'ly30 7634 J'ly30 359 J'ly
Feb 84>?May
ment of July 26 showed an increase in the reserve held of Distil of Amer tr rects.. 680 43s J'ly 30 4?8 Aug 1
43gJ'ly
6 is J'ly
Preferred trust rects..
995 34'sAug 1 3678 J'ly2S 34%Aug 37 J'ly
12,644,200 and a surplus over the required reserve of New
Central Coal
800 42 J'ly 31 42 J'ly 31
33 May 42 J'ly
$15,502,400, against $15,709,275 the previous week.
New York Dock
300 25 J'ly 30 27 Aug 1
12 Feb 28 Apr
Preferred
100 60 Aug II 60 Aug 1
39^Feb 60 Aug
WALL STK.EKT, FRIDAY.
AUG.
1,
#
,
<fe
Differences
1902
July 26
from
previous week
1901
July 27
$
$
Capital
Ontario Silver Mining...
500
Standard Mining
200
Union Paolnc rights
24,799
U S R'duotion & Refg.. 100
1900
July 28
100.072,700
114,537,100
913,294,500 Ino 9,967.200
188,100
31,697,700! Ino
952,097,200 Ino 11,404,300
967,900
174.136 600 Inc
79,390,100! Ino 1,676,300
83.222,700
96,838.100
867,653.400
30,637.500
942 938.500
178,921.200
79,942.000
74,222,700
91,035,000
801,101,700
25,258.000
887,841.700
174,397,500
76,098,900
—
8i4J'ly30|
3
75Aug
li
9
Aug
375Aug
1
1
i-jAug
"aAug ll
38 J'ly 29 38 J'ly 29
7 58 Mar
9i2Jan
3-26Feb
4-00J'ly
i-aAug
36 1? J'ne
luAug
44<^Mar
Onts'de Market. Although the curb market has again
been quite broad this week, a noticeable reduction in the
Circulation
volume of business as comDared with recent weeks is apparNet deposits
ent. Prices have shown some irregularity, but the general
Specie
Legal tenders
tendency has been towards a higher level.
The copper
group
has
in
point
of
Montreal
been
foremost
activity,
249,496,400
Reserve held
253,526.700 Ino 2,644,200 258,863,200
Boston being in the greatest demand at
95 p. c. of deposits 238.024.300 Ino 2,861,076
235,734625 221,960,425 &
2@2Jg,
a fractional improvement over last
week's figures,
27,535,975
Surplus reserve
206.875
23.128.676
15,502,400 Deo
while
British
Columbia was largely dealt in at
Fotk.— Returns of separate banks appear on pag9 224.
Tennessee advanced to 18, but
9@7^8, closing at 8.
Foreign Exchange. The foreign exchange market has Greeue Consolidated lost half a point of last week's
been dull and firm on a limited supply of bills. Rates have gain and closed at 28. After prolonged inactivity American
been steady at about last week's quotations.
Hide & Leather found a good market, the common fetching
To-day's actual rates of exchange were as follows: Bankers' 8 to 9 and the preferred
41^2 to 42. Large transactions in
sixty day sterling, 4 8515@4 8555; demand, 4 8785@4 8795; Northern
Securitie< were again recorded, the price falling,
cables, 4 8825@4 8835; prime commercial, sixty days, ISSN'S
however, lrom 108% to 106^, final quotations being 106.
4 85J£; documentary commercial, sixty days, 4 84%@4 85%
New England Consolidated Ice ranged between 33% and 31%
grain for payment, 4 85}£(3>4 85%; cotton for payment, 4 84
and New Orleans Railways common realized 18}4@16, pre@4 84%; cotton for acceptance, 4 851^4 85^.
ferred, 56^(356%. Santa Fe Gold & Copper stock was traded
Posted rate s of leading bankers follow:
in for the first time at 2%<§>2\>i and enjoyed good sales.
Demand
August 1
Sixty Days
Manhattan Transit was very much quieter than last week
and prices fell off in consequence to 7(36%, closing at 6%.
Prime bankers' sterling hills on London
4 881a
4 86
Prime commercial
U. S. Shipbuilding common rose to 26, but reacted to 25^
...
.......
4 86is ®4 85i4
Documentary commercial". '."...
... 4 84>9
®4 85 B8
to-day, and preferred brought 68^(367% while the bonds
Paris bankers' (Franos)..!
518% ®5 17>»* 5 16«Bt a>5 15%
40i* ® 40<Si6
(75 p. c. paid) were lively at 98(397%.
Bonds displayed
Amsterdam (guilders) bankers!!
40ii« © 40is
Frankfort or Brem en (relchm'ks) bankersi 94"i 8 ft 95
95»i«t a> 96S 16
marked strength, and attention was centered mainly in
* Less »i».
t Loss !32.
Oregon Short Line 4s (when issued), which, however, sold
The following were the rates of domestic exchange on down under heavy pressure from 98^ to 93Jg. Virginia
New York at the under-mentioned cities to-day: Savannah, Iron, Coal & Coke 5s sold at 58 to 60. and American Writing
buying 75c. discount, selling 75c. premium; Charleston, Paper 5s were largely inquired after at 73@74J 2'. On Fribuying parcelling y% premium; New Orleans, bank, par; day the securities of the newly incorporated Rock Island
commercial, $1 00 discount; Chioago, 10c. per $1,000 pre- Co. of New Jersey appeared. The common and preferred
mium; St. Louis, par
San Francisco, 7%c. per $100 pre- were quoted at 45@50 and 81(386, respectively, while the
mium.
bonds were 91(396. For outside quotations see page 234.
Surplus
Loans & discounts
—
%
'.'.'.'.'.
;
'
%%
%
2
1
New York
35
Exchange— Stock
Stock
Eecord, Daily,
)
1
1
'
Weekly and Yearly
OCCUPYING TWO PAGES
STOCKS— HIGHEST AND LOWEST SALE PM1CES
Munda
July 26
•36
Tuesday
July 29
>
t
July 38
40
•68
70
93*2 94*8
*36
40
*68
To
*36
68
91% 94
Wednesday
July SO
40
70
91%
92 3
4
10,y%103% 1023„103% 101 34 103
109%11O% loo llo l4 U'8 109%
97
97
96 34 96
*96% 96 3j
!
.
69% 69%
68% 69^
125 34 *115
*142
'115
•142
68%
•115
125
69sj
125 34
*38
*68
40
68
92%
101% 102%
108% 103%
96% 96%
67% 68%
'115 125%
"142
'14 2
138% 138% 136% 138% 135
*88
91% 91% 91
91
*38
08
91
Thursday
July 31
137% 135%137
Friday
Aug. 1
10S%109 34
"96% 9C 3
nnArbor
A
Ado
Bo
•160
*200
*22
•160
*200
168
210
168
210
22 %
22%
39% 39 h *38% 39%
15
15%
21 34
168
210
21%
22
39
39%
15%
15
193
191 194%
165
165 165
210 -200 210
"21% 22
22
22%
39
39 x4
39% 40%
15
15% 15
15%
Bo
93
94%
92
92
167 170%
48
48%
84 3 4 86
42
42
17(> l4
48 34
86
42
35 34 36*4
60
60 J4
35% 35 34
*68
*08
72
*65
66
66
»125 133 *125
Chic.
Chicago Milw.
Bo
144
l.'.J "n
133%
i31
128 '4
150% 149%
*38% 39%
10(i
30
•
<89
29% 30
303b
174
112 34
95
95^4
94
91%
Bo
Rock Isl'd <fc Pacific
St P. Minn. <& Om.
Bo pref
Chic.
Chic.
Chicago Term'l Transfer.
Bo
29%
174
*
133
*08
*64
*6S
*65
*125
72
66
133
125
Colorado
"8*5"%
i& So., vot. trust
tr. cfs.
3,900
2dpf. vot. tr. ctfs.
PieUiware<fe Hudson
A7elaw. Lack. <fe West'n.
3,550
2,900
Bo
Bo
93
30
Do
Duluth
I-iDo
Do
Ft.
J7"anawha
88
72%
•22
73 34
23
74
. .
.
5,850
11
600
13
2
Jan 15
.Ian 14
Jan 15
15
Jan
19
Shore
&
600
i.i
7-
27,000
......
>4
1
1
Do
'22
23
73% 73%'
23
72% 73%
"94
94%
67%
67 34
87
73 >4
67%
87%
67
87
7 ;;v
73% 73%
'4
87
-21% 22% "21% 23
73% 73%
74
221800
Marie.
pref
&
2i,0o0
Texas
pre!., vot. tr
78,346
6.3U0
lstpref
2d prel
Max
Beo
77% Sep
May 188 May
May 200 May
215
248
May
Apr
175% J'ne
146% Nov
Apr
Apr
201
31
28 34 Dec 57% Apr
12 Jan 20 3j May
58 May HO May
73 Maj 101 Nov
115% Jan 124 Nov
6% Jan 18 Apr
40 Jan 60 Deo
16% Jan 28% Apr
105 Maj 186% Apr
188% Jan 258 1'eO
29% Jan 53% May
80 Jan 103% J'ne
18 Jan 45 J'ne
30
14% Dec 17 Deo
Dec 40% Deo
75 Oct 82 Aug
4 % Feb 12% J'ne
13% Jan 22% Sep
24% May 45% J'ne
59% Jan 75 l'eo
39% Jan 02 34 Deo
41 Jan 68 Apr
81 Jan 95 Apr
17 Jan 36 Apr
167% Mai 208 Mar
65 Jan 67 a4 Feb
7% Jan 11% Apr
40% May 75 s )eo
Dec
69% Jan
124 May 154% J'ne
36
W
1
21
Jan
Jan
21 Jan
77% Dec
433 4 J'ne
48
87% J'ly
13%Jan
25
J'ne
41
8
:
4
Deo
Apr
Apr
Jan 49
18% Kt
Jan 45% Sep
Jan 15 71% Jan 3 ;;.", Jan 7 6 % -N v
Jan
138 Feb 6 108% Jan 135 '• Sep
Apr 7 340 Apr25 <23(> Apr 8356 Xov
Jan L5 91% Mav 2 07 Jan 90 1 >ec
35
40%Apr29
5% Jan
Apr 2 2
1
"1
1
1
:,
4
May
Mav III34 J'ne
Mav 145 Deo
76
7
83
11
.1
Iy23
Keo 5 150 May 177
Jan 6 27 Jan 4 1
Mar22 79% Jan 93
Mar:;l
12% Jan 30
J'ne
Nov
Sep
May
Apr 29 107 4 .Mar 180 Nov
.Jan 27 115
Apr 19 67% Jan 111'4 J'ly
Jan 22 127 4 Anr28 L01% Jan 124'-'Oct
i'lVJS
Jan 15
Mag 36% Xov
90 Jan 14 130%j!i 29 49 Apr 9i 34 Nov
J
.Mar
31% J'ly 28 L5 Jan 35% Apr
64 J'ly 24 37 Ma) 68% Apr
5
an 1
Vlarll 119% J'ly 31
69 Jan 124% J'ne
80 Jan 24 L22 Apr 22 }70 J'ne
Xov
Mario
c
20%
15 4 Oct
"eJan 15
C 3% Jan
J'ly
45%Marl8
153%Maj L9
Jan 2 139% Jan 174'- X„v
L92
7
!
-i
l
i
i
riy23
100
112,250
Pennsylvania
111
Do
pref
Pittsl). Cm. Chic, it St L.
Do pref
1 > It. Securities, "A" ctfs
Eveadlng, vot'g tr. cits..
1st pref. vot. tr. Ctf8...
2d pref. vot'g tr. ctfs.
Hut la nd, pref
Ot. JosephdiUr'd Island.
100
200
200
550
5
7
30
.Marll
36% Jan
65% Aug
2
J
May
I
v Sep
Sep
Sep
J'ne
May
% Nov
92% Xov
li 1'..
42 Jan
82
b'eb
75%Mar 8 52
Beo
78
100% Jan 1. 106 M ar25 89 Feb 103% Deo
Mar 8 S3 Jan 83 Nov
78 J'ly 18
Jan 14 161% J
V
137 Max itJ^" Apr
39 Jan 8 47%Apr 9
14% J an aU Sep
Jan 94 Nov
Feb 15 83 Jan 14
-11
Mayl7 91% J'ly 30 72 Jan 86 J'ne
*'.
i.iii
7 LOO
Jan 81 Deo
Mav
113
L28
88 Jan 113 Deo
90
Jan 14
Feb
ue23
98
i
1
1
Jl\ 23
i
1
1
1
.
:
.'
U
l.c27
.
MarlO
69,700
-larle
7,940
41,566
60
a
an
11
Jan
1.000
74
!
209% Jan
32
Maj
16
lau '.'7
97 Mai 120
Ma\21
17
Mai
\pr2- (208% Fell 217
!aV21
M
600
pref
1
.'.
l
l
......
1,600
N. Y. N. Haven <$ H
9,»00
X. V. Ontario & Western
171.150
Norfolk <^- Western
Do aojustment, pref.
300
pacific Coasl Uo
Do 2d
- J'ne
7»
1
X. Y. Central tt Hudson..
X. Y. Clue. <fc St Louis...
'
's
S. S.
,>
Do
Do
.,
1
:,
&
pref
12,250
275,800
Missouri Pacific
1.700
St, Louis
IVJash. Chatt.
i-~ at. of Hex., vot. tr. otfs
3,000
1
Nov
Apr
Nov
Mar
Ol 3
May 90
Dec 56
168% Jan
Mar
116% Jan
125 Mar
180 Mar
10% Jan
1
84
5150 Mar
Do
Do
Nov
89
l.ool) L05
pref
S. P.
Mo. Kansas
.'>•>
1
hi
Minn.
117% May
May 52% May
May 50 % Apr
Jan 82 % Apr
207
J'ne 2
1
Michigan Central
Minneapolis it St. Louis.
....
Nor
Nov
14'!
'
125
325
Mich. South'n
J'ly
88% Apr
122
Jan 196% Deo
J'ly
134
175
J'lv31
W
93
Deo
108 May
114 'o May
97 J'ne
52
17o% J'ly 28
51 14 MarlO
90% Apr 24::
May29
88 Aug
36% J'ly 24
62%Apr2J
1
i
'
594% 94% -94% 94%
06% 67% 66% 67%
87
87
87
87^
72% 73% 72% 73%
*22
80% Jan
..
Long Island
;,
72<j
15
14
14
15
14
lau 25
Nov
J'ne
Jan
i
42,035
1
87
90
75
41
23
6.'i
66 Jan
700 81% Jan
106,02s 137 Jan
1,400
Jan
1,150 71 Jan
Des Moines...
49% J'ly 18
184% Jan 7
297 Feb 4
47 Apr 17
34
66
91
Jan 140
120%.Ian 136
16 Jan 27
18% Apr 9
35% Apr 9
35% May 19 44% Jan 2
34 Mayl9
75% Jan 2
51 Mayl7 63% Jan 2
50 M.u-Ji. 74% Mar 7
el) 2 7
82 May29
30 Jan 2 52 % Mav 9
1-1% Mar 5 195 J'ly 23
70 Jan 11 90 May22
9
Jan 8 25 Apr 9
61
10,520
<
<&
J'ly 18
123% Feb 6
35% J'ly 17
78% J'ly 25
J'ne 2
Jan 15
18% Jan 14
l,20o
ctf. is
»Vc.Ft.S.cfe.M..ti.
Kansas City So. vol. tr.
Do pief. vot. tr.
Keokuk
108
8
75
10
Michigan..
ifc
Apr 21
Apr 29
Apr28
1
i
SO'
deb.
pref
Illinois Central
Iowa Central
Do pref
'
87
73
C.,8tmp.
liDo
144
.-
.
Do pref
Worths Dt'ii.
TJocking Valley
L.
1
.;.
lstpref
2d pref
& Terre Haute..
&,
Great Northern, pref
Green Bay&W.,(kl>. ctf.A
1
.
500
500
49,650
12,747
3,070
9,060
654
700
Shore
pref
Evansv.
J
67 %
All..
So.
Do
r?rie
,i
66 34
87
73
l,50e.
2.600
1,800
11,268
Et.
pref
f ake Erie & Western...
L* Bo pref
100 101
103 34 103 y 102 lot;
*10l 105
19
19
19 l4
18% 18% "18% 19
18% 1« 78 18%
18%
'-1 38%
*38'., 39
38 34 38 34
3y% 39%
38% 38% "38% 39
3
a
166%167 4 KM % 167
163%\166% 163 164% 163%164 4 163 >> 16 1',
55 34
5o
55% 55 34 00
55% 5455% 56
55
*118 120 •118 120 *119 120 119 122 *119 120 •119 120
-90
*90
*90% 92
92
90% 91
91% 90
91% "90
91%
*233 238 232 238 *232%237% •232 237% *234% 2...
34
33% 34% 33% 34% 33% 34
33 34 34
33 v
64 4 65 4
61 34 62
62% 64 34
62
62% 64
64%
*94
*03
95 a4
*94
90% -94
97
90 34 '94
97
*70
*70
*71
74
"70
74
74
71
70% 70%
75
71 4
•102 105
•102 105
*102 105
102 102 »100 105
'100 105
"75
*76
•76
"75
*76
80
80
80
80
80
*75
80
160% 161% 159*4 160% 158 160% 158% 159% 159 150 34 158% 159%
•40
*40
*40
•40
42
*40
42
42
42
40
40
42
*75
90
77
78
*
91
95
91% *80
95
*98%100
"98
99
98% 98% 98 14 98% •96
98%
*116 125
•94% 95
Dodge.
tr. ctfs
pref. vot. tr. ctfs.
<fe
42
23
60
Apr 7
88%Mayie 95%J'ly26
39 Feb 1 53% J'ly 11
13 Feb 3. 2 2 34 Mav 2
33 Feb 24 41% May 7
11,51.0
Detroit United
J
i
Rio Grande
pref
Des Moines
1034 Jan
95%.Ian 14
118 Jan 2
14% Jan 15
59% Jan 15
28 Jan 14
170 Marll
253 Jan 15
200
3,100 41
Detroit South, vot.
130
:
i
as
Bo
30% Feb 20
Do
113 113
112
112%112>a 112% 113
L2 B4
•125 130
"62*"
3
"60%
"64%
"63% "62%'i^'i
6478 *62%
60 4 61
63
63
126% 12,6% 126% 130 »127%130% 129%129% 128 1-28% 127 127'-.
JU. 30% 31% 30% 31% 31
31% 31
31
31% ao% 31V
63
63 %
62% 63 a4 61 34 (iS^ 61% S3
62% 63- 4 62 "4 62 U
ih;%iis
116% lis'-.. 118 119 l4 118 119^ 117%119%
18 118%
112
900
1st pf. vot.
Denver
72
67
87% •86
800
L.
St.
Sep
70 May
81% Jan
83% Feb
55% Oct
125 J'ly 25 77 Mar
144 Feb 19 116 Mar
14l%Ma\26 87 May
97
May22
44% Mar 15
&
Feb
20
50
112%J'ly21
97 Jan 2
72%J'lv21
144% 144 144% Louisville A; Nashville... 30,810 L02%Jan 2.
133% 134% 133% L36
\ laiiiiattan Elevated... 80,010
Mar!.
131% 132 V
i'l etrop. Secur., sub. rec.
l09%Mayl9
149 149% 14J 150'„ Metropolitan st ;<(•
6,425 146 Mayl2 17
•37% 39%
.. ...... Met. West Side El. (Chic.)
38 Feb 7 43
*89
93
90
90
500 89 .Mar 3
Do pret
29% 30% 29% 30% 30% 30% Mexican Central
20,800 25% Jan 15
174
»
67
133
Highest
95%Jan27 103%J'ly26
8,200
3,210
pref
Bo pref
Cleve. Cin. Chic.
Bo pre*
95
"68
"65
*125
72
Lowest
800 137% Jan 11 151 J'ly 1
48,900 22% Jan 25 32% May 7
900 90% May 5 95%J'nelO
800 83 34 Jan 22 90i4 J'ne24
6,610 43% Jan 24 50%Mav 7
100 49 '4 Jan 14 80 May 7
200 75 Jan 16 90 Mayl5
133,277 160% Jan 2 7 189% J'ly 25
3,600 186 Jan 14 L96 ,J'ly25
1,200 204% Jan 14 271 Apr29
230 Jan 18 274%Apr29
42J388 152 Jan 15 t200% J'ly 26
300 140 Feb 6 170% Apr 30
195 Mar 6 210 AprlS
ilebo 15 i4Feb21 23% Apr 21
Chicago Union Traction.
92
16734 170
92
86
86% •86
88
143%145 34 143% 144%
133 134 34 133%134
129 131
131% 132
149% 150% 149% 149%
•37
39% •37
39%
145 3j
135
129
150
93
*01
72
65 L4
pref
& Nortli Western
pref
Chicago
1
"68
05
•125
72
67
133
& Louisv.
& St. Paul.
ndianap.
pref
Do
94% 96
92
I
Bo
;
21%
95
93
Highest
100 180%J'ly 7 198 Jan li 145 34
89,250 45 Feb20 57%J'lyl8 29
30,970 33% Jan 22 4 5% J'ly Hi 27
4,300 74%.T'ne27 79 J'ly 17 72%
8,500 134 34 Jan 21 22034 J'ly 30 91
East'n Illinois
pref
Chicago Great Western..
Bo 4 p. c. debentures
Bo 5 p. c. pref. "A"..
Bo 4 p. c. pref. "B"..
!
86% 87%
»87 % 88 %
144 34 145 8
129
*91
New Jersey...
<fe
Bo
91% 91%
168%169% 168%170%
^164%166
'48
48% 47
47% 47% 47 4 47% 17%
83% 85
84% 84% *84
85
84%
X
42
42
*41% 42%
x
3
85% 86% 84 4 85 4
87% 86% Hi
84% 86% 86
35% 36
30»4
35
36
35
35% 36
Ati
36%
60 '4
59
59 4
ij'J
59
59
60
61
59% 60%
•33
35
35% 35->8 3o% 35-'B 35
35
35
42%
85 ^ 86%
•135%
21
94
21
21
93 >a
93
Lowest
42,125
j)ref
Chicago
"'
*93
*91
169
48 34
J86
&
Chesapeake & Ohio
Chicago & Alton
190 191%
166 166
200 210
22',
22
"39
40
15%
15
*50
52
•105%106i4
107
107% 107 * 105 34 106
105%105% 106%106%
118 123 *118 123 *118 123 *118 123 *118 123
......
32% 33% 32% 33
32
32 34
33% 33 34
32% 33
32% 33
78V, 578
*78
78
*77
77% 77% *77
78
78% 78
77%
3
3
48% 48% 47% 48
49% 49*4 48% 49% 48% 48 4 48
48 8
178%180
178% 180
178 178% 1,9 179
179% 180
179 179
•278 280 *278 286 *278 286
284 285 *278 285 *278 285
44 % 4o
44-.,
4 4% 45
44% 44 34 43% 44% 44
44
44*4
3
93
95
92% 94
9 2 % 93%
94 8 95%
4
93
93 l4
93% 93%
52 '4 52%
52
52% -52
51
*50
52% *oi% 53
51
52
20^4 21
21% 21\,
20% 20 34
21% 21% 21% 21V,
20% 21
3
3
40% 41
40 4 40»4
40
40% 40% 40% 40
{40% 40 4
40
83 34 84%f
83 34 84
84% 85
85
85% s.V'4 87
86% 87
*17 34 18
17 34 17 34
17% 17% 17% 17% A 17% 17% 17% 17%
*30
•29% 30
30% *29 34 31
"29% 30% *29% 30%
31% 30
37 34 38%
37 34 38 34
38
38
38%
38% 38% 38% 38*4 38%
3
68
69%
70
4
69%
70
69%
70
70% z08% 63?a
69H2 69%
%
*52% 53
52% 52% 52% 54
52 34 52 34
53% 53% 53
53
•57
2ji% 58
58
56
65
56
54% 59% 61
61% 61%
-85
*85
90
90
90
288
88
88
90% 90% 90% 90%
•47
49
48
48
190%192% i9i%i9i% 190 34 191% *191 192 '191 192
191 191
107
1
J^reviout
Year (1901
33 Feb 20 4S%Mayl0
100 63 Jan 9 77%Mayl5
Sauta Fe. 239,220 74% Jan 27 94% .I'lv'll
prel
Central of
.j
191
16o
•200
Mange /or
lots
Week
Shares
)
:J
194
KJO-share
109% 109% Daltauiore & Ohio
28,910 101 Jan 14
•96% 96% J-> Do pref
900 93% Feb 21
68
OS 3*
68% 70 Brooklyn Rapid Transit.. 98,450 60%Febl4
*115 125 3 -115
Buffalo Roch. & Pittsb'g.
110 Apr 4
"112
M 10
Bo pref
139 Apr 2
136% 137% 136% 136% /"lauadian Paoiflc
27.850 112% Jan 28
"90
"91
92
92
Vyanada Southern
200 85% Jan 6
1
190
•160
•200
Year 1902
lor
ol
)
53 34
197% 200% 189%198 34
pref
Topeka
Atcli.
'89
92
92
189 *185 190 *185 189
187 187 *185 189 *185 189
3
3
s
52 4 54 8
54 4
52% 54
52% 53% 53% 54% 54
54%
41% 42 % 41% 42
40% 41 4 40% 42% 41% 43 34 41% 43
77
77% 76% 77
76
76% 76
76% 76% 7714 76% 76%
214%216
215 216
213%218
218 22034 21838 220
219 219
147 % 147 '146 148 •146 148
146 14S% •147 148 *147 148
31% 31% 30% 31% 30 34 32
30% 31% 31% 32
31% 31%
*92
92% 92% 92 34 92% 93% •92
93
92% 92% "92
92%
88
88
88 %
88
88% 88% 88% 88% •87% 88% "87% 88%
49
48
49 %
49
49
48% 49% 48%
% 49% 49
49
49%
*70
*76
7638
76
76
76% *70
76% '7'J
76% ...... ......
*87% 88
*88
*87% 88
*S7% 88
88
88
89
..... ..
187=8 189% 185%187 34 184% 186 Si 183%ls7 l4 186 188^ 185% 187%
•195 196% 195 195 % 194% 195
194 194 34 19:; % 194
194 195%
243 245 244% 244% 242% 242 % 240 240 242 243 34 •242 245
•185
Mange
On basis
o)
the
Railroads.
70
91% 92
101% 102
102%
102
Sales
STOCK
EXCHANGE
40
*38
*68
40
70
93
91%
STOCKS
NEW YORK
62
1
•
'
1
Mai 10
i
1
'
77
24% Jan
5*8
<t8
Jan
64
97
No-v
112% Xov
7% Jan
15 14 J'ne
7s% j'ue
Mav
87 % J'lj :7
74 % Apr 21
125 Apr 23
Oct
55
.t
B
sj
Deo
Deo
Deo
BAISKS AJSD TKUST COMPANIES— BROKERS' QUOTATIONS
Banks
NEW YORK
Bid
l»aiilt>
205
Citizens'
Bid Ask City (now)...
CITY
American ... 540 560 ,Coloniai
385
Columbia^ .. 350
AnierExch.. 270 280
Astor
750 1000 Commerce... 345
Bowery
325
C'rnExnewli 440
Broadway... 340 300
Bast River.. 155
Butch's & Dr 160
175
Emp'eStateJ 195
Ask
215
Central
Century 11..
Chase
Chatham
190
150
700
340
200
170
Fidelityll
5
:
1 1
1
;
.
Bid
-
240
Gallatin
1
.
li
1
Fourth
ians. voortT;
210
210
Fifth Ave1|.. 4000
Fifth
375 425*
First (now).. 800
435
Liberty
Lincoln
Manhattan',.
500
German AnrJ 155 165
Fx"
German
350
German ial .. 000
ivich
300
llannllonli -- 170
Hanover
640 665
Imp it Trad
690
220 230'
1j
1
Banks
Leather
140
Garfield
350
450
Ask
250
.Mir.
(i
1'
\i n
N'i'iv
335
275
295
New
Meoh .v i'i.i' L60
m eroantil'e ..
L68
Noil
Mercii Exoh. 160
m erohants'. L85
100
Metrop new
Ml Morns'].. 225
190
Market it Fill
Mechanics'
Hid
liiinlis
280
loi a.
360
Chemical..
4350 4450 !4ttiStreet1i. 200 300 Jett'ersoni]... 175
Mutual"
* liidand asked prices; no sales wore lu.i.io on tins day.
Doss than 100 snares. 1 ifis rights,
Includes, prior
1 Sale at Stock Exchange or at auction this week,
s Trust Co. certificates.
..
Ask
Bid
260
650
N V
\lllslel
650
I'la/.a'
725
Prod
York Co L500
Ex.
York... 340
Ward'
.
350
I.UI
250
h
2 70
Northern
Park
626
»1
Phenix
..
128
\'
Seaboard
Second
650
..
300
550
660
145
600
12th Wardll. 110
28d Ward;.. 110
nited
130
FiutcdStates
"
200
Varick
I
.isle
L60
li'
se\ colli. new L36
I.e. I..
155
si. lie"
215
all
I'aeiiie',
1
lde1
.\al
191 h
Bid
650
Hunk*
Asic
]:<:,
140
State banks, a Ex dividend and rights. ftNewstoct
old Mox. Nat. trust roceipts.
to May 17, dealings
l|
m
1
August
%
'
1
Stock
2, 1902.]
%
H
1
1
.
'
KeCOrd—Concluded— Page
STOCSS—HIGMLST A2\D LUWLST SALU FJiJCHS
Saturday
July 26
July 26
33
4
*33
33 Hi
78% 80
76
SS
83
88
80
si
70 Hi 711*
69 H
6813
3S3*
97
69% 70%
39% 393*
97 3j
95
•9;;
«93
45
132
46%
loo
*132
88 Hi
1
70H
OH
39%
97%
78%
37 Hi
09 Hi
-
40
134
693*
-
39 Hi
97%
81% 85%
SS
7S 34
30
09
90
88
80%
78% 7978
35% 30
OSI4
SSSg
09V
39 V
36 Hi
69 Hi
*93
44 34
132
95 H;
93
45%
45
•131
132
Hi
21% 213*
213* 213*
213*
22%
37»4 3^3.
38 Hi 383*
3^% 39% 383* 39
1'25
12334
•123
12434
125
123%
J1233*
Ht 1243*
•150% 158 "156% 157 14
•150% 158
110% 108%110% 10S 109% 107% 1 OS 5
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93
923* 93 %
94
98
94% i^S
30% 30 % SO
30% 30 ig o0% 293* 30 14
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45% 46«s 45% 40 14
40
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23
23
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23% 24
62 Hi 62 -. •02
63
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61k 02
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7
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28
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50 34
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as
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,
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434
4 78
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36
37
36% 30 Hv •35
3
183
188
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00
62 4
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61
1053*106% 105% IOOH2
•20
20 Hi
73 Hi 73 7s
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20
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7334
68
68
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15%
65
53 34
93
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17
48
,
•100 Hi 107 Hi
21'*
1934
17
48
21Hi 21 *s
88H1 88 H
4
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•80
15%
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81
81
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47
46 Hi 463s
118 121 '118
13%
13
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-53
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2
1
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56
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893,
90 H
68%. 69H
129
• 212
131
220
86
210
216
210
218
80
11
47
85
17
57
3934 40 H
89% 90 Hi
85
15
•14Hi 15
•55
57
54
93
15
47%
21%
15Hs
80
Hi
117
HHa
47
120
12 34 13
8434 85
I6H1
57 78
3.' Hi
89%
16H
57%
40 Hi
90
69% 63 38 68Hs
125 *
130
213*" 213
•212" 220
85
86% 85 % 80Ha
214 214
210% 210 Ha
•216 230 •211 222
6S3*
t
86",
4 34
4%
4 3*
d Anaconda Copper
Brooklyn Union Gas.
runs w. Dock & C.Imp't
Colorado
Do
&
Fuel<fc Iron...
pref
Hock. Coal & Iron
Consolidated Gas (N. Y.).
Col.
Continental Tobacco, pre!
Corn Products
Do pref
Detroit City Gas
137% Diamond Match
1"'«
Distilling
Co
of
America
(
loo
1*
*14Hl
12H*
13%
4%
•51
•91 Hi
*14
54Hi
•53
•91
•14
75
88
6
37%J'ly24
5
713* J'ly 23
Jan 27
70% J'ly 20
40% Apr 15
98% Apr 13
92% J'ly 19
40% J'ly 17
16 Alay
41 % Jan
29 Alay
9
58
31% Jan
92
27
Jan 14
54
94
Internat'l
Steam Pump..
19,750
1,510
Feb
25% May
47%J'ne23
233*
Jan
24% J'ly 18
11% Jan
45 May
00
Apr29
38% Apr 30
29% May 7
513j J'ly 23
33%j'nel7
95
27
4 242
Feb 1
Apr 2
j
10 a
24
46% J'ne
22
J'ne
003* Alar
38 Alar
20 J'ne
493j Apr
Alay
14% Jan
38% Jan
19
67
24
85
32
|169
3934
2534
62
Jan
Jan
35
J'ne
89% J'ly
Mar 35% J'ne
Apr 91% Jan
Oct 40 Alay
Jan 210 Nov
Dec 45 Nov
Oct 41% Alar
Oct 7734 Mar
5% Jan 30% J'ly
Jan 66 J'ly
22% Aug 33% Nov
83-% Oct
91% Nov
4% Feb 8 J'ne
22 % Dec 30 J'ne
38% Oct 69 Apr
31
Feb 104% J' 119
88
26
Mar 49% J'ne
Apr 90 J'ne
73
103% Dee 153
Dec 130
111
894
J'ne
J'ly
Apr
157%Nov 1073* Sep
Jan
Alar
21%
13%
70 Alar 823, J'ly
28% Dec 54% Apr
175 Jan 228 Apr
Jan 100
14%Apr23
8 34 Jan
110%Apr24 413, Jan
29 8140 Mar20 110 Mar
16 233* Apr 4 12% Oct
15 23034 Apr25 187 Jan
2 126% j'ne 3
93% Jan
J'ly 15 38% Alar24
13
143, Alar
8
130% J'ne
142% Apr
25% J'ne
Apr
238
124
J'ne
813, J'ly 31 90 Mar-25
05 May 8 90 J'ly 18 72 % Sop 92 .May
50 130% Jan 13 139% Jan
127% Oct 152% Aug
1,49
4% J'ly 11 10 Feb
6% Oct 10% J'ne
1,790 33 Jan 3 423, Apr
23% Sep 34%Nov
5,193 01813* J'ly 28 334 Apr
183% Jan 28934 Dec
20,260 40 Mayl7 64 J'ly 24
13,790 92 May 20 108% Aug _
1,900 19 Jan 14 23%Mar20 18%May 28 Alar
550 72% J'ne24 77% Jan 7 69 Jan 81 % Sep
100 55 J'ne 4 199 Apr 29 54% Jan 100 % Alay
Jan
200
6% Jan 27 19% Apr 18
5 % Feb 11
45 Jan 14 05 May 17 33 Apr 51 Deo
1,100 47 Jan 2 57% AlarD
24% Jan 49 Nov
s7% Jan 13 94 AIar21 74 Jan 89 Oct
100 12 Jan 24 19 Apr 24
8 Oct 22 Apr
1,325 43% Jan 14 53%Mar20 37 Jan 46 Alay
300 104% Jan 3 109% Apr 4 92 Jan 1035, Nov
1,300 15% Jan 18 23%May23 15 Mar 25% J'ne
300 78% Jan 10 91 May23 743, Dec 93% J'ne
10,000 148 Marl? 190 Apr 2" 133 J'ly 175 Apr
2,200 88 Jan 28 1323, Apr 2
73 % Feb 109 J'ne
Do pref
17% •14% 17 Manhattan Beach
47% 47% National Biscuit
47% 48
Do pref
106% 100% • 105 LOOH
21% 22 National Lead
21%
21%
90
*S'J
Do pref
SI)
IS 7% 188 New York Air Brake.
187 190
124%
125 126
124
North American Co., new
•39% 40% Pacific Mail
1,110 37%Mayl7 49% Marl
40
40
102% 103% 101% 102% 102 102%
eop. Gas-L.cfc C. (Chic.) 26,510 98% Jan 15 107 J'ly 2
•47
1,250 39 Jan 14 50% May2
48
47% 47% 47% 47% Pressed Steel Car
2,275 8234 Feb 4 89 Apr 2
Do pref
85% S5%
85
85
•84Ha 86
'241 249
100 215 Jan 13 250 Apr29
241 250 2C240 240 Pullman Company
4,110 24 AprDi 34% Apr 2"
30*4 31
30% 30% t)ailway Steel Spring.
830% 30 s
'..
855 so Apr 1 88 % J 'ly 2
37
88
V/Do pref
87
87
10,000 15% Jan 2 20 Apr 2
13Ha 18 7
18% 19% 18% 19% Republic Iron & Steel
7534 76%
8,750 68 Jan 10 77 J'lyr31
3
74% 75
77
Do
pref
75
12,090 17% Feb 2
203* 21%
21% 21 J4 Rubber Goods Mf g
25% Apr 2
21% 22
*67
500 03 J'ly 25 74%Alar2
68
68
•07
69
69
Do pref
•35% 36% 37% 39
38% 38% S loss-Sheffield St. & Iron 1,300 29% Jan 3 39 J'ly 3
*82
83
100 80% May 19 84% Mar 7
82
83
Do praf
83
83
7
7% 7% Standard Rope & Twine.. 1,700 4 Jan 10 838 Apr2 »
*6H»
7% 7%
3
3
67 4 683
6734 68%
67 4 68% Tenn. Coal, Iron
RR... 35,710 61% Jan 14 74%Apr2 4
•38
*38
40 Texas Pacific Land Trust
40
*38
44% Feb 1 8
40
35 J an 1
100 13 Feb 1 18% Apr 3
14% 14% Union Bag & Paper
*l4Ht 15% •14% 15%
*80
•80
355 72 Jan 10 85 Apr 5
81
Do pref
80% 80%
81
•H'4 12%
ll a4 11% V. S. Cast 1. Pipe & Foun.
1,200 1034 May 5 13% May 6
113* 11%
40 4 46%
Do pref
1,000 42 May 19 47 Alay
46% 46% 40 4 40%
310 97 Jan 2 1263* Apr 17
120 120 §120 120 •120 122 United States Express...
1234 12 34
13 United States Leather
11,000 ll%Feb20 143* Apr "
12% 13 36 13
Do pref
3,600 79% Jan 21 86% Apr
84% 85
85% 85%
85% 8534
•15
•15
163, United States Rubber
716 14 Jan 2 19% Aprl
17
16% •15
"55
58
Do pref
716 50% Jan 14 64 Mar24
57% •55
57% •55
a
53,770 363*J'nel9 463* Jan
39 Ha 39%
39% 39% 39% 39 4 U n ited States Steel
Do pref
24,585 87%J'nel9 97 34 Jan
89% 89% 89% 89% 89% 89 '«
63
08»8
63% 63
68% 683* Virginia-Carolina Cheni.. 5,725 60 Jan 18 76%Apr28
130
Do pref
130
130
120% Jan 17 134%Mayl5
214" 214 •212" 217
215 215
300 8185 Jan 24 8220 May
Wells, Fargo & Co
est'n Union Tele'gph 40,848 843, J'ly 10 943* Apr
86
87% 87
87% 87% 88
210 215 •208 215 •210 214 West'gh'seEl&Ml'gassen
464 169% Jan 15 230% Apr
'211 222
Do 1st pref
•211 225 •211 230
300 180 Jan 8 234 Apr
93
15
47% 47 7
•105 Ha 10S
2II4 22
•88
09
i f4 187 Ha
124 125H2
117
Jaii'
8025 May 19 8145 Jan 8202 Deo
79 Feb 1 60% Dec 130 J'ne
8% Apr 14
1 % Sep
8% Apr
20% Apr 14 10 Sep 35 Apr
4,000 (295% J'ly 14 146
5,510
5,034
94% Nov
4
11
Jan 3 100% Apr29
7%May20
Jan 20
Jan 20 26%.\!av26
Jan
Jan
Jan
Jan
"ioo 14% Jan
4,400 213 Jan
1,100 115 Jan
353* J'na
J'ly
29%Mayl9 30% Apr 29
400 210
100 10
11G.385 84
(U30
J'ne
63% J'ne
11
28 Alay 39% Alay
20 653* Jan 109% Dec
159% Feb 18 147 Apr 100 Nov
110% J'ly 20 70 Alay L38 Alay
94% J'ly 25 81% Jan 99% Alay
31%.T'ne24 11% Jan 26 J'ne
125
Jan 13 2443* Feb 11
1,8 45 39% Jan 9 593* J'uel2
1,100
9% J'ly 11 31% Jan 2
000 32 J'ly 10 07 Jan 3
15 Jan 14 28 Apr 30
43 Jan 13 58 Marl7
800 89
71
Jan
67% Jan
18
23%
Alar
70% J'na
39 % Apr
52% Alay
129% Jan
7
400 210
2,350
J'ly
53% Jan
J'na
Alay
Feb
23% Feb
43% Feb
134
43% Apr 2 2 49%M»y20
Apr 30 100%J'ne23
100 40% Jan 22 1263* J'ne20
American Snuff
422 85 Jan 13 100 Apr 19
Do pref
American Sugar Refiuiui: 73,000 110% Jan 6 135% Ala r31
100 115 Jan 2 120% May 7
Do pref
100 84 MarlO 896 Jan 7
American Tel'gh & Cable
200 1603* Jan 13 180 Apr 4
Amer. Teleph. & Teleg...
1234J'ne 5 17% Jan
American Woolen
73 Apr 23 79 Jan 10
Do pref
Retin'g.
1-2
47
120
•4 Ha
b
'8s He •59
175% 179
175 175
125 120% 121 125 Hi
39 Hi 40 H
40 Hi 41
103 's 104 Hj
105%105% 103% 105
47% 47%
47 H3 47 4
47 Hi 4734
•87% 88
87 Hi 87%
87 Hi 87 Hi
•245 250 •242 250 •241 249
303* 31
30 34 31
31Hi 32
38
88
87 Ha 87 Hi
87
88
18*8 19%
1S 34 19
19
18%
75 1* 75%
75
75 Hi 75H3
75Hi
2234
22
19
21
19
20
70
69
693* 70
36
37
36 Hi 36 Hi
36
36
•82
*82
•82
83
83
84
3
*6 4
634
7
7
7Hs
6H2
6734 09 Ha
68 Hi 69%
67 Hi 69 Hi
•38
*33
•38
40
40
40
88
8S
•175 180
126
125 Hi
137% •136
[
Dec
50% Dec
82%
70% May
243* Mar
55% Mar
5
21
30
36
36
35% 30%
35
Do pref
353*
185% 183%18S% 8183 183
184 is 4 General Electric
7
61 Hi
01
01
02
01
02
George
A. Fuller Co
61%
10534 loOHi IOOH1I07I4 107% 10S
107%lOS38
Do pref
19 Hi 193,
19
19% 19% International Paper
19Ha
19% 1934
*73
*75Hi 753, *73i4 73 H •73
74
Do pref
74
International Power
1334 I334
I nternatioual Silver
13Ha 13Ha •13% 15% •13% i 5
*50
65
•59
•59
05
•59
65
Do pref
05
106% IO6H2 100
213.
137% 8l37%137% 130
pref
24
Do pref
46% 43% Amer. Smelt'gA
97% 9734
Do pref
89
80
103
240
21% Jan
5
85%.I'ly31
90 J'ly 30
80% J'ly 30
2
92% J'ly 9
57 34 Apr28
80 Feb 3 99% Apr 23
32% Jan 14 42% May 2
American Malting
23
24
97 H
121
•97% 98
131% 132
85
Do
98
<
40% 40%
'
Jan
J'ly
Adams
•5%
'97
121%
4
Mayl6 141%Febl7
1
39 American Dist.Telegraph
23 4% 235
A merican Express
57% 57 \ American Grass Twine ..
103* 10** American Ice
•35
36 >«
Do pref
•223* 24
American Linseed
•51
50
Do pref
3134 31 7 American Locomotive...
93% 93 H
Do pref
39
235
0%
23
4,6110
L45.900
135,250
4,000
55 3
Highest
Dee 36
Jan 134
17
57
Miscellaneous.
70 §198 J'ly 11
Express
malgamated Copper.. 111,885 01 Mar25
7,600
2 Feb 25
7
73, American Bicycle
4,200 10 Jan
19% 20%
Do pref
32
32% American Car & Foundry 3,250 28% April
800 85% Jan 14
•91
91%
Do pref
400 30% Jan 10
51% 52 American Cotton Oil...
2'>3i
24
56
32
93 Hi
88,385
2,031
34,050
17,530
Lowest
Jan 7 35% Marl 2
,
91% 91%
51% •51% 52
•35
San Fran
Highest
Lowest
200 27
50
I s Id,
'
1303, 132%
'113% 119H 119% 119% •119
120
92
•113*
7%
19 %
32
32
91
97
's"
28 H
62 %
Week,
Shares
Jianye tor Year 1902
Mange tor J'reviout
basis o) 100-share lots
Year (1901
On
90 May 22
95% M. &, O. stock tr. ctfs ...
251400 37% Jan 15
143* 45% 'Texas <fc Pacific
122 Jan 8
130 132
1 hird Avenue (N. Y.)...
"706 18% Jan 21
•21% 22 Tol. St. L. & W. v. tr. ctfs.
1,700 35 Jan 15
38
33
Do pref. vot. tr. ctfs.
2,455 107 Jan 20
123 125 Twin City Rapid Transit.
157 Mayl5
156% 157 l4
Do pref
162^355 98% Feb 28
nion Pacific
t!07% 108
11,579
80% Mar 6
*92% 93
Do pref
8,570 213, Jan 14
30% 31 \\' abash
15,700 41% Jan 13
'» Do pref
453* 47
*23% 2334 Wheeling & Lake Erie...
1,400 17 Jan 27
•00
000 49% Jan 27
62
Do lstpref
1,300 28 Jan 14
pref
36% 37
2d
Do
7,700 19% Jan 30
23
Wisconsin Cent. v. tr. cfs.
50% 50 78
Do pref. vot. tf. ctfs. 10,300 39% Jan 24
•200 210 8205 205
00 34 67 34
00% 07
40Hi
"
T
2 734
24
If
40%
38
50
OH
40
97
99 Hi
ISSHi
•75
10 1
Hi
23
1211-J
02%
57"
•93
13
12%
57%
36 4
21
50
125
*156i4 15 7 H
HIS ln> 7 .
93
93 H
30% 31
39
235
•51
•31Hl
92
SO
106 Hi
241
51Hi
*35
•232
57
32%
'H8
130
*119
•87
120
%
•23
24
40 l4 4OI4
97 Hi 9714
24
121
99
Hj
3134
Hi
1
98
39
235
232
1
5
132
•37
&
&
the
2d prel
Adirondack...
Grd
J
227
•9.;
10134
98Hil02Hi
93
89% 93
92% 97
•loO loo
130 135 *120 131 •120 131
135
'17
18% 17
17
ISHi
17>a *
17% 17% 17% 17 '2
222Hj22o^ 222 Ha 224
224% 223 225
223 223% 223% 223%
122 H * 12 1 % 122 •121H»122Hi •121% 122% •121% 122 H 121% 121%
28
30
28
28 3*
29
27% 27 78 27% 27%
32
33
85
82
82 Hi
8134 82
83 Hj 84%
82
882
98
135
•130
Hi
*;:o
132% 134% 132% 134%
97
51
*
121
99
239
91
11
35
25
•119-2 120 •119
-67
92
87
164*4 1643*
*13
•13
15
*75
•75
80
•II 3
91 Hi 91%
'a
4534
125
714
31
95
6H2
6%
01-2
07 78
18% 19%
11
35
*22
"51
32
93
"6
•23
32
93
210
323*
39
234
58%
0S3j
18 Hi
32Ht
40% 46%
97% 97H3
121
99 Hi
•104
237
'18
•36
234
68
46%
•97% 98
"99"
OH-
I8H1
•200
07
210
0034
6 Hi
32% 32 H
913* 913*
*51% 52Hi
323,
913*
323*
913*
•200
210
65% 6^%
'•_
951-
4534
•23
St. Jos. <fe
St. Law.
St. Louis
90
Do 1st prel:
78% 78%
Do 2d pref
35
35% St. Louis Southwestern..
68% 68%
Do pref
68% 69 Southern Pacific Co
39% 39% Southern voting tr. ctfs..
97% 97%
Do pref. vot. tr. ctfs.
69%
-21% 22
38% 38%
...>
34
80% 81%
90
69
EXCHANGE
5
2
Sales of
STOCK
•87
68% 69%
39% 39**
96% 97
97
97*8
•93
95 H
44H3 15%
"132 133
33% *32
•33
823
7S%
88
7
7
95
79%
STOCKS
NEW YORK
Friday
Aug. 1
July 31
34
33
S6
69
.
37 14
36% 37%
34
773s
»a7H)
Thursday
Wednesday
July 30
Tuesday
July 29
.Voruinv
5
.
30% Alay 49% Nov
9534
30
Jan 120%J'ne
Alar 52 Jan
89
Apr
195% Jan 225
Oct
72
% Alar
!
.
(
-i
1
1
<fe
1134 Sep
19
12
65
J'ne
24
55% Jan
18 Dec
65 Dec
19% Feb
05% Jan
3 % Mar
49% Alar
Apr
38% Alay
82
Alay
90
41% Apr
Apr
863*
Jan
8%J'ne
70%J'ne
42 Apr
Apr
Apr
753*
19% J'ne
Dec
L
.
>r
Apr
May 16% Alay
69% Alay 83% Aug
12% Oct 34 Jan
47 Oct 85 Jan
24 Alay 55 Apr
69 May 101% Apr
51 J'ly 72 Mar
116 Apr 125 Aug
853
Jan 100
7 34
.
8130
81
145
157
Jan 1993* Dec
Jan 100% May
Nov 180 Deo
Nov 187
Deo
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
NEW YOEK
Bid
CITY
Bid
Banks
BROOKLYN
Ask 5th Avenue^ 105
Ask
Banks
Bid
BROOKLYN
UnionU
Ask
I
Trust Go's Bid
Continental . 645 660
Bid
Aletropolitan GOO
Ask
Trust Co's
Bid
Van N'denTr 225
Ask
235
Eastern Tr..
140 160
MortonTrust 1090 1110 Washington. 400 .....
...
BROOKLYN
Equitable Tr 350 450
Wallaboutll
105
Alut.AUiance 300 320
t3G0
Brooklyn Tr 440% 445
Farm
340
Lo&Tr 1509 1525 NYLife&Tr 1200', t
175 ...*••
Trust Cos.
bush
Fifth Ave Tr 640 070
218
N Y Sec & Tr 1375 1400 Flat
Franklin .... 325 ..*••«
Guaranty Tr 750 790
110
N. Y. CITY
North Amer. 205 272
325
.....a
Hamilton
Nassau
Guardian Tr
350
Atlantic Tr.. 285 300
Real Est Tr't 400
t430% .••MM
Kings Co
Nat City
Knick'rb'k'r 775 825
290
Bowl'gGreen f212%
StandardTr't 400
North SideU. 180 185
Lincoln Tr... 390
L Isl L<fcTr. 320% •»•
Broad wayTr. 175 185
Tr Co of Am. t292
Borough^.... 100
..«••«
Alanufact'rs. 340
People'sli
AIcVck^rRty 200 280" TrCo of Rpbc 270 280
206 ...
C'lR'tyB&Tr 840 855
Broad way1|.. 250
220 ......
Nassau
17th WardU 130
Union Trust 1890
Central Tr'st 1910 1936 -Manhattan .. 500
Brooklyn^)
350
130
People's
SpragHe
Mercantile
475
415
200
400
1100
USMtgtfeTr
City Trust...
..
8th Wardll
75
26th WardU 135
Alerchants'.. 425
380
Colonial
Unit States 1750 1775 WiUiamsb'g. 220 230
• Bid and asked prices;
no sales on this day. 8 Less than 100 shares, t Ex rights, d Beginning March 31 quoted por cent instead of dollars per share.
1 Sale at Stock Exchan ge or at auetion this
week.
Ex stoek dividend, s Trust Co. certificates. "J Banks marked with a paragraph (U) are State banks.
Washingt'n r 200
Wash-H'hts'n 200
West SideTJ.. 590
Western
010
Yorkvilleli .. 240
BBOOKLYX
Bedfordlj .... 225
First
Atauufactrs'.
-Mechanical]
-Merchants'..
.
.
.
.'.
.
5
1
1
New York
Stock
Exchange— Bond
Kecord, Friday,
OCCUPYING FOUR
BONOS
Con ext guar 4%s....(/1910 Q-M
ill
105 34 106^
ioowiy'02
IO534 ioi3%
109% Apr '02
107
108
J'ne'02
108 14J'ly'02
108 34 108 34
132 J'ly'02
132% 133*4 139 34 Apr'02
104 105 105% May'02
104 105
106% J'ly '02
108 34 113
132 139%
139 34 139 34
105% 106%
106% 106%
Foreign Government
94 34 95%
ne do liar.
96 100
95% Feb '05
marks
lour
to
98 14 J'ly'02
n
ices
the b HSl.S
May'O
107
0/ $5
£.
107
106
100% Oct '00
102%Mar'02
to
ib"2%i02%
Mar'02
Oct '01
May'02
100% Feu '99
111
126
106
111
111
106
106%
6'ee
Ky
So
&
104% Jan 'OS
136% J'ly '01
120
104%
104
Mar'00
95%
J'ly '02
95% 96 58
94
J'ne'02
94
95
95%
99*4
8
10%
96% J'ly'02
8
J'ly'02
W
See Sav Fla
Albany & Susq See Del Hud
Allegheny Valley i'«Peiiii Hit
P
Alleg <fe West See Bull R
Dock & Im See C en t of J
Ann Arbor 1st g 4s
A1995 g-J
&
&
Am
N
T
S Fe gen g 4s. ..1995 A-O
Registered
1995 A-O
Adjustment g 4s
A.1995 Nov
Begistered
A.1995 Nov
Atch
cfe
Stamped
M-N
/t.1095
Chic cfe St Louis 1st Gs.. 1915
Atl Knox cfe Nor 1st g5s..l94G
Atlanta & Danv <b'ee South Ry
Atlanta cfe Yadk See South By
Austin & N
See Sou Pacific
Creek cfe S See Mich (Jent
Bat
altcfc Ohio priorlg3%s. 1925
Begistered
/(.1925
Gold 4s
/t.1948
Begistered
ftl948
Conv deb 4s
1911
P Jun & Div 1st g 3 %sl925
Begistered
pl925
P L E & Va Sysref 48194
South w Dlv Islg3%s...l9
Begistered
/tl925
Mouou Blv 1st gu g 5s. .1919
CenOhio K 1st cg4%s.. 1930
Beech Creek See N 1* C & H
Bellev cfe Car See Illinois Cent
MS
J-D
99 34 Sale
104%
-.ale
96
97
99%
100
12
102 34 J'ne'02
95
114
115
95 38
07
LB
105 34
L02
105%
92
97
94% Apr '02
93% 04%
93%
95 223 91% 05 34
Sale
120
95^100
104% 92 103
103 34
108% Dec '01
M
W
Bu
f
cfe
cfe
lalo
R
cfe
Erie
Boch
i-i-J
95 34
Apr'02
97
103
A-O
103
0-j
102% Feb '02
108% 110 110% J'ly'02
90%
90% Sale 90%
MS
M-N
y-F
M-N
Sale
90%
Bur Cedar
Con 1st
R&No 1st 5s. 1900
M-S
F-A
J-D
117
J'ne'02
103
130
Apr'97
May'02
A-O
A-O
103
CBIF4HW
M
J'ne'02
L24
124'%
124%124 34
110%
1913 M-S
Carb & Shawn i'eelflCenl
CaroliuaCeut Bee Seal) Roan
Carthage & Ad See
l
i
8 J'ly'02
Feb '02
Jan '02
',
US
2
1
126%
118
104% 107%
107 34 111
Ced Blal'&N .See BOK&N
Ceu Branch U Plstg4s...l948 J-D
Cen Branch Ry See Mo Pao
Ceu
&
See Haiti
KB & BoIGaoolg5s
Cent
of (Ja ItK 1st g 5s..
Begistered
Consol gold 5s
Begistereil
lstprel income g 5s
yi
93
93
..
93
J'ne'02
95
Ohio
L937 M-N
1945 K-A
108 '4
2d pret income g ."is
3d prof income g 5s
Chatt Div pur moil g
Mac* Nor Div 1st g 68.1946
Mill Ga<fc Atl Div 5s.... I'M
Mobile Div 1st g 5s
L940
Cento! N J 1st consol 7s.. 1002
General gold 5s
1987
Begistered
A1987
109
Sale
82% Sale
38
25
J-J
J-J
91%
106%
108%
J-J
in 1%
I
,
109
122
.
120%.
pVdi' F-A
L945 M-N
194 M-N
pl945 Oct
pl945 Oct
pl945 oot
J-D
is. L95
Sale
J'ly'02....
May'02
109
lO'.i'v
2f.
105% Sep '01
.SO %
84%
36
39%
26%
92
05
May'02
Dec'99
.rue' .':!
106%113'o
89%
76
32% 44%
18% 31
91 34 93^
26
1(12
106%109 34
119%122
112% Apr'02
101% May'02
106
L12%
101% 103%
.M-N
101%
J-J
y-J
136%136 34 L36%J'ly'02
L32
141
L36 34 J'ly'02
131
139%
Brooklyn Rap Tr 5s
1945 A-O
AtlAv Bklyn imp g 5s. .1034 J-J
5s.
1st
eon
1916, 194
J-J
BkCity
108% 109
:;•
1
1
BkQCocfeScongugos.
Bklyn Un El 1st a 4-5s.
Kings Co El 1st g 4s....
Nassau Elec gug 4s
City cfe S Ry Bait 1st g 5s
19
11
M-N
102 % 103
L950 F-A
19
L'.
195
1
b'-A
ss"4
J-.I
84
J-D
108
110
'
1
J'ly '02
Jan
1
L02
101",
I
107
110%
'99
112%
.
,1'l.r
100
02
19
89% 80% J'ly '02
1
1
1
100 H
100% 105
80
93
'>>:
99%J'l3
'02
85%
86
83
83%
99%
;,
100 3j H>3%
99% 103%
114% 110%
104% 106
114 Apr'02
104%J'lv'O2
109%
!09%Aug'0I
Coll trust Series
11 4s
107% 110
110
J'ly'02
J'ly'02
-
118 34 122
111 114
124 34
139
123
Mar'02
138% 139%
122% 126%
124 34 1-4%
125
May'02
125
125
131
131
117 J'ne'02
115 May'02
188 34 J'fy'02
126
113
132%
111
130%
123%
12 34 J'l\
1
110% 117
105% Feb'98
120% 120%
118% 124%
114%: is
116%12l 34
112% 115%
104 34
"02
'02
1
i:;7%.i'iv'99
123»4 J'ne 02
107 34
122% 124
108% 110%
10% Apr'02
182% Jan '02
1
.
19 15
><
ll
1'iiis
>.
PM tfeOcon
lii
i
I
:
lb'2%
-
L18% 119
loss 109%
114%
113%
118%
114
113
J'ly'02
LIS
115
101%
115
120
ne'02
3
May'01
113
Jan ol
115
117
:
i
:,
-
L23
4
123%
135% ill
101% 101 4
101% 104
107
107%
j'lyoii
,
117%
:,
116% 121%
101%J'iu- ii107 J'ni'02
106%100%
118
115
108 % 110
107% 100%
iu"
il7%
21%
124*"
1
107% 109%
109%Mar'02
\nt.-'01
116%
1
j*ne'02
125-.
1'jsi.j
•'02
130%
i.:''i
110',.
110%
12S
132
151
!.;7%
133<fel34%
125
142% Feb
L3S
135
Jan
S
142%
1
i-%
eo'O]
:
May'02
In
128
.1
127
10%
fne'02
11(1%
L28
H
'H2
12.
L28
100% 110% L10% lU"i
lll%Apr'02
105
'..
i
in.'
U3%
112
100% 100%
98
Ie
M-N
M-N
98%.
9K%.
J-J
97
J-.l
91%.
90%
J-J
82
1
118 34 Mm '02
116%...
108% 100% L0S%J'ly'0S
1
1010!M-N
115
112
'0
114%J'lv'0'^
m:
19 Hi
DesMcfc Ft D 1st 4s.... 1905
1905
I8t2%8
1905
Extension is
Keok ,V- Drs M 1st 5s.... 1923
Chic cfe si 1. gee Atcli T<fe Sa iv
117
113% 11
182% 196
C 4s... 10O5:M-N
M4s
N 4s
100
99 34
108% J'ly'02
V,
I98i J-J
111%
10 109
Mar'02
100
sii
102 4 106%
99%
in'.' --
88
83% s3%
34
-
Registered
General gold 4s
Registered
100
85
S3
83 34 Apr'02
103 J'ly'02
104 34Apr'0(J
102 34 102 34
'i
J-J
1017 J-J
1988 J-J
105%
102%104%
102% J'ly'02
I",
M-N
in
1
101% Apr '99
134
J-J
F-A
1-.
120% Mai
124% Apr
115% J'ly'02
117% 118% 17% 117-'
113%
U3 34 J'ly'02
1
A-O
i
ly'02
97
99
99%
'.'9%
"a
99%
91% 91%
May'02
Ill
99'.
98
DeO'OO
109% 110%
110% Apr '02
'rill
v
6s.. .1930
Lsl s 6s L918
J-D
M-N
Ch StPcV Minn
Nor Wisconsin 1st 6S...1930 J-J
lsl
s
lily
A-O
6s.
..1919
P
>v
St
g
138% 142
138%141»»
140
J'ne'02
-.inn i2
L28%
Chicago Ter Trans g 4s... 1947] J-J
MISCELLANEOUS BONDS— Coiitimied
Street UaiUvay
105%J'm
104 34 104%
.
N
lob
104
98
J'ne'02
l'.U 5
M-S
Illinois 1st 5s.... 19
OttC Fife St Paul 1st 58 1909 MS
Winona & St Pet 2d 7s.. 1007 M-N
Mil L Set Wesl 1st g 6s 1921 M-N
Ext ck Imp s fund g 5s 1929 F-A
Ashland Div 1st g 6s.. 1925 M-S
1. a.
38 106% iVo'%
Apr'01
1
North
St 1..V
U'si.
103
116
in:
Mar'00
106= !06%J'ne'02
M-N
103 Nov'98
Q-F
15 1- J'ly'02
A-O ii5%""!
A-O
111 Oct '00
A-O ioo" ho" L09 J'ne'02
InT^MaVnl
A-O
107
103% 20
1.909 M-N
M-N
909
L08
1021 A-O
115%J'ne'02
114 <>rl nl
1921 A-o
Registered.
I'lllf
J'ly'02
J'ne'Ol
121
108%
Jau"'J-2
Extension 4s
Begistered
General gold 3%s
L987
Registered
»1987
Sinking fund 6s.. .1879-1929
Registered
1879-1929
Sinking luml 08... 1879-1929
Registered
1879-1929
Chic St
Chic St
1
115
117
n;>%i23%
120%121%
u
15
1
112
114
1913 J-D
Mich Div IstgOs
1924
Convertible deb 5s
1007
Incomes
1011
Chic Rock Isl cfe Pac 6s. ..1017
&
NYCM11
Central Ohio
113 34
121
Mar'02
n7%.ri.vti2
117 Mar'02
L23% May'02
L35%J'ly'02
102 103
103%lOI>>4
123% 125
104 7
104 34 105
110 J'ly'02
107 Aug' 01
J-J
L909 J-J
921 J-J
6S....1910 J-D
1
.
Registered
Sinking fund deb 5s
L933 M -N
Registered
L983 M-N
Des Mo it .Minn 1st 7s.. 190 F-A
Milw cfe Madison 1 st 6s. 1 005 M-S
124 3
104 J4
J-J
J-J
J-J
Debenture 5s
104%
118
190S
1919
1910
1910
Debenture 5s
104
117%
I&D Exten lst7s
LaCrosse cfe D 1st 5s
Mineral Point Div 5s
So Minn Div lstOs
Southwest Div 1st Os
Wis cfe Minn Div g 5s...
1
>i
J- t'jh
114% J'ne'02
May'02
I
128 130%
125 34 129%
Nov'99
100
J-J
J-D
119%
117
125% J'ly'02
125%.
92 J-J
1910 J-J
1910 J-J
1
1002
1902 J-D
1886-1926 F-A
1886-1 020 FA
Nov'01
112
109
cfe col trustg5s..l934 A-O
Begistered
1934 A-O
1st gu 5s. 1921 A-O
cfe St L 1st gu g 7s. ...1927 J-D
1908 J-J
Clanada South 1st 5s
;2d5s
1913 M-S
Begisterei
1021 J-J
1916 J-J
Milcfe No IstM L
97%101
1st consol 6s
90
91% Chic cfe Nortliw cons 7s
90 14 90%
Gold 7s
114% 114%
Registered
98%
90%
114% J'ne'02
F-A
103%
112%
90% 93%
90%
90% J'ly'02
Sale
0,-J
104 34
102
102
104
1033s
98 34
0* 78 Sale
J-J
97%
96% 97
94 34
See Erie
g 68... 1921
Consol 1st g 0s
1922
Buffalo &, Southwest See Erie
Buffalo cfe Susqu 1st g 5s.. 10 13
Begistered
1913
1st refunding g 4s
(11951
W
P
lstg5s
Gt Sog5s
Sou assu g 6s
IstSs
95% 95%
J-J
cfe
& Pitts 1st
cfe
Low
106
112
A-O 114
M-N 120
B&
Chiccfe
Montauk See Long 1
West See Sav El & W
NY
.\u
Janva,
105
102
Jiyo--
121
M-N
Begistered
General gold 4 %s
M-S 107% 108%
M-S
Begistered
Craig Valley 1st g 5s. ...1940 J-J 114% 110
A Div lstcong4s..l989 J-J *9li%
1989 J-J
97% 98
2dconsolg4s
Warm SprVal 1st g5s.. 1941 M-S *108
Greenbrier By lstgugls '40 M-N
Chic & Alt KK s fund 6s. .190'^ M-N 102-%
85
85%
Befundingg 3s
1949 A-O
83 Sale
Railway 1st lien 3%s... 1950 J-J
Begistered
1950 J-J
Chic Bur & Q consol 7s. ..100 J-J 103%
Chic& IowaDiv5s
1905 FA
Denver Div 4s
1922 F-A 100 34
99% Sale
Illinois Div3%s
1040 J-J
Begistered
1949 J-J
Iowa Div sink fund 5s. .1019 A-O 114%
Sinking fund 4s
1919 A-O 104%
Nebraska Extension 48.1927 M-N 109 109 3
Registered
1927 M-N
Southwestern Div 4s
1921 M-S 100
Joint bonds See Great North
Debenture 5s
1913 M-N * 1083s 109%
Han <fe StJoscon8ol6s..l911 M-S 118%....
Chic cfe E 111 1st s f cur 6s. 190 J-D 111%....
1st consol g 6s
1934 A-O 139%....
General consol lst5s
124
1937 M-N
Registered
1037 M-N
Chic cfe Ind C Ky 1st 5s. 1936 J-J 123
Chicago cfe Erie See Erie
Chic In cfe Louisvref 6S...1047 J-J 130%...
Refunding gold 5s
1047 J-J 116 117%
LouisvN A&ChlstOs.lOlO J-J 112%...
Chic Mil cfe St Paul con 7s 1905 J-J
Terminal gold 5s
1914 J-J 112%.
General g 4s series A.. el 989 J-J
Registered
el989 Q-J
General g 3%s series B.el989 J-J
Registered
el989 J-J
Chic cfe LSuDivgSs
1921 J-J 117',
-aChic* MoRiv Div 5s. ..1026 J-J 121
lolo J-J 1 L4%
Chic cfe PacDivOs
Far cfe
Hast cfe DDivlst7s
P gen g 5s... 193 M-S 117
West 1st g 4s gu.. 1998 A-O
1943 J-J
C1& Mali IstgugSs
Buffalo
Ail cfe
al911
1939
1939
1992
1992
Gold6s
lStconsolgSs
Dak
W
Bklyn
Bruns
iii
102% 102
,
Railroad
laba Midi
^
.
108% 109%
108% 113
4 109
108>4 109
132 133
1
94 34
Frankfort-on-Main 3%s ser 1. M-S
These are price s on the basis ol
U S of Mexico s £ g 5s of 1899 0.-J
2 hese are pr
State Securities
Alabama class A 4 to 5
1906 J-J
1900 J-J
Class B5s
1900 J-J
Class C 4.8
Currency funding 4s
1920 J-J
1024 F-A 122
Dist of Columbia 305s
Louisiana new consol 4s.. 1914 J-J 106
Small
1894-1995 J-J
Missouri funding
North Carolina consol 48.1910 J-J
1919 A-O
6s
1933 J-J
go Carolina 4 %s 20-40
94 hi
Tenn new settlement 3s. .1913 J-J
J-J
Small
Virginia fund debt 2-3s...l991 J-J
/-J
Registered
6s deferred Brown Bros ctfs.
102
N Y & Long B r gen g 4s 1941 M-S
107% 109% Cent Pacific See So Pacilic Co
106% 110
Charles & Sav 1st g 7s
1936 J-J 121%.
107 107
dies & Ohio g 6s ser A..7il908 A-O 112%
105% 106% 107% J'ne'02
.1904
Alabama Cent
i
Since
=s-£
cfe
S 2s cousol registered. <n'.i:'.ii
t£1930
S 2s consol coupon
S 5s coupon
Range
Week's
N. Y.
Since
or
Last Sale
m
V
V S 2s consul reg small.. 930
V S 2s consolcoupsmall.(21930
fcl918
V S 3s regis terod
fcl918
V S 3s coupon
V S 3s reg small bonds../. :191 S
"U S 3s cou small bonds. ./tT9ls
/ilOO
U S 4s registered
ftl907
U S 4s coupon
1925
V S 4s registered
192
U S 4s coupon
1904
V S 5s registered
TJ
Mange
Friday
August 1
Government
U. S.
Price
Friday
Range or
STOCK EXCHANGE
Last Sale
January 1
August 1
Week Ending August 1
Bid
Bid
Ask Low
Ask Low
High Ao Low High Central of NT J— (Continued)
115 J'ne'02
Am Dock Imp gu 5s. .1921 J-J 112%.
107% 108 109% Apr'02
109% 109%
Le<& Hud K gen gug5s 1920 J-J
106 Mar'02
107% 108 107 34 107 3j in 107 34 109%
Leh & Wilks B Coal 5s. .1012 M-N
.M-N 102%
3
STOCK EXCHANGE
Week Ending August 1
N. Y.
TJ
BONDS
Range
Week's
Price
Weekly and Yearly
PAfiE*
140
1l7% 130»g
II
86
00%
on Ni\t Page.
Street Railway
Met St Ry—(Contin
Cold- 9th Av 1st gu g 5s
MS
1..-N \v A PI
M-S
J-.I
Third Ave RE con u4
Third Ave By]
L937 .l-J
El (i Ihii
Me1
1938 FA
FA
Mil El Ky A 1. 30 !
Minn si Ry g( con B 5s.. 1919 J-.I
WS
122
122
J'ne'02
J'ly'02
9S',
123
125
121% 124%
12
•s
lis
4
;iU%
127
J'ly'02
3 ly'02
101
103
3
110
110
i
101
1
109
110
mi ':ii lab eon
Conn Ky cfe L 1st .v eels l%s'5l J-.I
J-.I
110
98 Apro-j
% N
08
SI
98
i; uaranteed gold 5s
J-.l
Den Con Tr Co 1st g os... 193M A-O
95
L9
1H9% Deo '99
Den Tram Co con g 6s. .1911 J-.I
91 g as
Union
(Cllic)
L945 \ O
Met Ky Co 1st gug 6s.. 1911 J-J
\V Cnic si mil Lsl our 58.1928 M-N
Dot Cit St Ry 1st con g 5s. 1905 J-J
103 Nov'01
40-year consul L'old 5s... 1936 M-N
00 Deo '07
J-D
Gr Rapids Ry 1st g5s...«19
iins ami Electric Light
jLouis Ky Co 1st con g5s.. 193C J-J
100 Mar'OS
Atlanta Ci L Co lsl g 5s... 19 17 cT-D
Market St C Ky 1st g 6S..1913 J-J
Wet St Ry gen col tr g 5s. 1997 F-A 118%
119 122
121% 121%
BOB D Gas tr CtfS s g 5s. 1931' J-.l
91»eOct '^.s
3
191.'
117',
15 M-N
117'jSale 117%
120%
120
Bwaycfc7thAvl8tcg58l943 J-D 117 4
118
6 117
Bway<fc7thAvl8tcg68l943
118
Gafl 1st con ^
118
10 117%119%
117% 119% Hklyn U Pas
H 5s. 19
•No price Friday; latest price this week, a Due Jan ii Due Apr e Due May j/DueJ'ue h Due J'ly k Due Aug p Due Not «Due Deo ^Option sale
i'.
i
'
I
.)
l
1
I
.
1
1
1
l
!
.
AUGUST
2,
Bond Record— Continued— Page
1902.]
BONDS
STOCK EXCHANGE
WEEK ENniN a AUGUST 1
N. Y.
Price
Weeic's
Range
Friday
August 1
Range or
Since
Ask Low
Rid
£ West Ind iron g6s?1932 M
D
»t West -Mich By 5s.. 1921
Choc Ok. & O gen u 5s ...01919 J-J
Cin H & l> amsi.l s 73...1905 A-O
1987 J-J
sold 4*2S
Cm D & I 1st gu g 5a.. .1941 MX
OlSt ti«S» C See C C C Si L
Ciu SAC *fCCCStL
ClearncUl & Mali See B K & P
Cleveland Cin Chic & St Loms
107
109
109 *2.
.
.
1
!
=5^5
115
January
BONDS
1
11734 119
109
105
109
114*..
W
W
J-D
101*2 102*2 102
J-J
J-J
101
102
Registered
S& CI con 1st g 5s. .1928
1914
1914
Consol sink fund 7s
General cousol gold 6s. 1934
1934
Registered
1st pref 4s. 1940
Ind Bl it
1st pf 5s...dL938
O Ind <fc
Peo& East 1st con 4s. ..1040
1990
Income 4s
CI Lor & Wh con 1st g 5s. 1933
Clev <fc Marietta See Penn RK
Clev & Mahon Val g 5s. ..1938
1938
Registered
J
CCCcfc IcousolTs
J-D
J-D
W
W
113%
J
Q-J
V
A-O
99
73
115
J-J
125*2.
A-O
Apr
.
.
128
FA
8378
96%
May'9«
J'ne'01
Nov'99
May' 02
138
138
98*2102
36 72
82*2
114*2116*2
J'ne'02
127*2 128
117*3.
<fe Western 7s. ..1907 MS
Morris* Essex lst7s. ..1914 M-N 135
.
lstconsol guar 7a
Registered
1st ref gu g 3*23
137
1915 J-D
1915 J-D
2000 J-D
N Y Lack & W 1st 6s.. .1921 J-J
1923 PA
Construction 5s
Term & improve 4s
1923 M-N
Syr Bing & N Y 1st 7s.. 1906 A-O
.
131 34
114*2.
.
114*4.
Warren 1st ref gug 3*28.2000 F-A
& Hud 1st Pa Div 7s.l91" MS
Del
1917
Sua 1st con gu 7s. 1906
1906
1906
Guar gold 6s
Registered
1906
Rens & Saratoga 1st 7a. 1921
Registered
iv-
Registered
1921
Registered
Del Riv RR Bridge See Pa RR
Denv& R Gr 1st con g 4a.l936
Consol gold 4*23
1936
Improvement gold 53. ..1928
Rio Gr So gu See Rio Gr So
Den <fe S West gen s f g 5s 1929
MS
96%
82*4
8fi34
91
97
J-D
1995 J-D
1951 J-D
Det Sou 1st g 4s
Ohio Sou Div 1st g 4s. ..1941
Dul&
MS
Iron Range 1st 5s.. 1937 A-O
Registered
1937 A-O
2d 6s
1916 J-J
Dul So Shore & Atl g 5a. .1937 J-J
Minn SeeStPM&M
East
ast Ten Va & Ga See So Ry
May'02
11738 120*8
J'ne'02
J'ne'O
135
137
138
141
Oct '98
135 34 J'ne'02
117 J'ne'02
102 J'ne'02
114*4 May'02
133*2
116»s
102
114*4
105*2
11738
143 J'ne'02
149 Aug'01
115 34Feb'02
122 J'ne'99
109 J'ne'02
111% Feb'02
143
144
137
H8*4
115 34 11534
1083., 109
1113811138
147*2151*2
V
102*2 Sale
107% 108*4
102*2
102
110*2 May'02
101 104*2
110*4 112
IO934 Sale
109 34
109
J-D
•
11 7*2
135
137
140
147*2 J'ne'02
147*2 J'ne'02
J-J
J-J
1st lien g 4s. 1995
Gold 4s
147*2.
147
J-D
.
109*4
MN
DesMoi&FtD See C R<fe IP
DesM&Minn See Ch & N W
Dea Moi Un Ry 1st g 53.. 1917 M-N
DetM&Tol SeeLS&MSo
Det<& Mack
112=8
A-O
A-O
A-O
A-O
M-N
90
90*4
147*2 147*2
110
90%
113*4
84*a 91
&Xo
N
Y&
SW
M-N
M-N
104
111
Feb'01
03*2
J'ly '02
94*2 J'ly '02
80% Sale
86 58
101
102
102
93
94
11234 115
94
114
86 3
4
J'ly '02
J'ly '02
101
38
102
92*2 95*2
84*2 8734
92*2 95*2
112 s8 115
112*2.
115
J'ne'02
111
114
114
J'ne'02
112»8 115
115
115
115*2 118
118^122
3
120 May'02
4 ...
107 ...
109*4 Jan '02
M-S *140*8l4134 140*4 J'ly'02
139 J'ly'02
M-S *138
99*2 Sale
99*2
99%
J-J
98*2
98*2
J-J
86*2 Sale
86*2
J-J
86 7s
J-J
93 Sale
93
F-A
95\
133 Jan '02
J-D
J-J
J-J
115 116*8
120 121 34
108'8 100*4
138 142
136 139
98*4102
A-O
J-D
F-A
F-A
M-N
M-N
Wiik& Ealstgug5a.l942 J-D
Erie & Pitts See Penn Co
Evans & T H 1st cons 63.1921 J-J
latgeneral gold 5s
1942 A-O
Mt Vernon 1st gold 6s.. 1923 A-O
Cu Branch 1st g 5s. 1930 A-O
Ev& Ind lstcon gu g0s..l926
J-J
Fargo & So See Ch M & St p
lint&PereM See Pere Mar
Sull
54
93
133
96
133
123*2....
123*2 J'ly'02
108
10334 Apr'02
....
....
....
137*4 J'ne'02
6*4 137*4
118*2Apr'02
116*8....
109 Oct '98
114
115 34 May'02
117*2 117 May'O';
100*4
103 Apr'02
107*2 Sale 107*2 110
117*4
116*2 May'02
118*2 118*2
115 34 118
115*2 118
102 103
107*2 110*2
116 116*2
113*2 114 34 114*2 J'ne'02
112*2115*2
A-O 137
N Y & Green L gu g os.1946 M-N
Mid RR of N J 1st g 6s. 1910 A-O
N Y Sua & W 1st ref 5S.1937 J-J
98*2 98*2
86*2 90
3*4 125 34
3 34 106
Coal&RR 1st cur gu 6s. 1922 M-N 115
Dock& Imp Istcur6s..l913 J-J 116
2d gold 4*23
193
General gold 5a
1940
Terminallat gold 5s... 1943
Regi8 $5,000 each. ..1943
May'02
119*4 J'ne'02
116» 8 Apr'02
118
...
MS 119 ...
MS H3 34...
119
M-N
A-O
1999
Registered
Col <fe
V 1st ext g 4s. .1948
See
So
Pac
Tex
Houst E &
Houst & Tex Cen See So Pac Co
Illinois Central 1st g4s..l951
1951
Registered
1951
1st gold 3*2S
1951
Registered
1951
1st gold 3s sterling
1951
Registered
1952
Coll Trust gold 43
1952
Registered
L 5 & Tex gold 4s.. ..1953
1953
Registered
1950
Cairo Bridge gold 4a
Louisville Div gold 3*23.1953
1953
Registered
1921
Midland Divreg 5s
St Louis Div gold 3s.. ..1951
1951
Registered
1951
Gold 3*2S
Registered
1951
Spring Div 1st g 3*2S...1951
Western Lines 1st g 4S..1951
Registered
1951
Bellev & Car 1st 6s
1923
Carb & Shaw 1st g 43. ..1932
Chic St L &
O g 53.. .1951
Registered
1951
1951
Gold3*2S
Registered
1951
Memph Div 1st g4s... 1951
Registered
1951
1931
St L Sou 1st gu g 4s
Ind Bl & West See C C C & St L
1935
Ind Dec &
1st g 5a
latguargold 5s
1935
1950
Ind I11& la 1st g 4s
Int& Great Nor 1st g 6s. .1919
2d gold 5s
1909
3d gold 4s
1921
Central
gold
1938
Iowa
1st
5s..
Refunding g4s
1951
Jefferson RR See Erie
A <fe G R See L S & S
Kal
an & Mich See Tol & O C
See St L & S F
H
N
W
Detroit City
1923 J-J
5s. ..1918 F-A
EdEUUBkn SeeKCoEL<feP
EdEIU SeeN YG&E LH& P
EqU LN Y 1st con g 5s. .1932 M-S
Eq G & Fuel See P G & C Co
Gas& F.lecBergCocg5s.l949 J-D
GrRapG L Co 1st g 5s. ..1915 F-A
105*2.
106*2 Feb*02
105 Mar'98
112*2
ll-'v
i'12'v
87*2 88*2 87 34J'ly'02
103
112
111
106*2 106*j»
29 i06""il6"*a
87*2 92*2.
May'02
98*2Nov'00
lll*2Mar'02
103
.
,
.
96
Sale
105
102
100*4
109*2 11 l*a
9534
96*8 983
95
97*«
109
108 3
108*2.
113*4.
112
.
109
107*4 112
10534 Apr'O'.
105 34l06
115*8Apr'02
113*3 Mar'00
104*2 Mar' 02
115
116
104*2 10539
102*2 Apr '98
104 58
105
104 s8 May'02
104 5s 104*8-
9978 101*4 Apr '02
100*2101*4
May'99
87*8 May'02
87*8 87*a
.
117*2.
85
100 34
106*2 J'ne'02
102 Oct '01
104*2 J'ly'02
1063s.
.
103*2 106
123
.10138 100 J'ly'02
101*8 Oct '99
i'06"
Nov'00
113*2 Feb'02
idi"
100
111*2.
124
90
i'2'3'"
113*211434
May'01
Nov'98
127*4.
127*4 J'ne'02
127*4 131
127
124 Sep '01
104 58 Apr'02
ib4°a
106 34J'ly'02
106 34 106 34
ibl""Mar'02
ibi""i'o4'*a
10634
.
.
104%
ios^ioo
107
107
107
102
10234 Mar'02
100
125*4 J'ly'02
121*2 127
98*2 103
*124
101
101
75
117
97
J'ly'02
101
Mav'02
75
116
95
117*2 J'ly '02
97
KC<feMR<feBlstgug5s.l929 A-O
Kan C <fe Pacific See M K <fe T
Kan City Sou 1st gold 3s. .1950
Registered
Kentucky Cent See L &
Keok & Des Mo See C R
Knoxville
Lake
& Ohio
Erie<fc
723a Sale
J'ly '02
102 34
80
HO**
97
N
I &
See So
N Y 1st gu g 4 *23.1940
1940
V Ter Ry 1st gu g 58.1941
Registered
1941
Leh V Coal Co lstgu g 5s. 1933
Registered
1933
Leh& N Y 1st guar g 4s.. 1945
Registered
1945
El C & N 1st g 1st pf 6s. 1914
Gold guar 5a
1914
Leh & Hud R See Cent of N J
Leh & Wilkesb See Cent of N J
Leh Val
121*4
'121
109*4.
110
100
110
109
112
121*2
109*4
J'ne'02
121*c 126*2
108*8 112
112
112
115
May'02
114
116
.
121*2
.
.
.
Leroy & Caney Val See Mo P
Long Dock See Erie
Long Island 1st con g5s.ftl931
/i.1931
Debenture gold 5s
1938
1922
1932
1949
1934
1st
g 6s.. 1911
1911
N YB& MB lstcon g5s 1935
N Y<fe R B 1st g5s
1927
Nor ShB 1st con ggu5s ol932
Loui8V& Nashv gen g 6s. 1930
1937
1940
1940
Coll trust gold 5s
1931
Coll trust5-20g4s. 1903-1918
Cecilian Branch 7s
1907
E H & Nash 1st g 68J...1919
Unified gold 4s
Registered
LCiu& Lex gold 4*28. ..1931
NOAM
1st gold 6s. ...1930
NO&M2dgold
6s
74
1930
120*4 123
114*2
121 J'ly'02
118 J'ly'02
115 34 115 34
107*2.
110*2
Feb '02
109
110*3
109
109 34J'ly'02
109
112
109*2 J'ne'02
1
118
Registered
Leh
1st 5s
71*4
P
2d gold 5s
1941
North Ohio 1st gu g 5s.. 1945
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
Registered 5a
1997
Bklyn& Mont
25
7238
Ry
Wist g 5s. .1937
lstconsol gold 4s
General gold 4s
Ferry gold4*2S
Gold is
7233
63*4 Oct '00
1950
119
107*2.
106*2.
98
105
.
108
12034
104*2
102*2
103 104
102*2 Sale
107*2.
108*2....
119
102 -Sale
112
100*2101
"105
*113*8
112
127
122*2
116
97
118
10 112*211534:
09*2 109*311838120*4.
118 38 Jne'0i
109*2 Oct '99
109 J'ne'01
97
J'ly'02
97
101*8 Sep v99
122
Mar'02
103
103
100
May'02
Oct '00
102*4
111
Gold 5s
121*2122
10 134 104**
103 104
103
99
111
29
102*2
Jan
'0
109* 2 J'ne'01
112 Mar'02
112*2 Jan '02
112*2 Apr'02
119 J'ly'02
116 J'ne'02
102*4
102
100
115
100*4
106
115
113*4 103
112 118
112*2112*3
112*2114*2
118 34 122
116 117
100*2l0;; 34
100 100
115 115
100 101*3
Jan '02
Feb'02
100*2
Dec'00
May'02
Jan '98
130*2 Feb
102 34
111
114*2116
'02
128*2l30*a
122 124%
124% Apr'02
on Next I'age.
and Electric Li;; lit
Mut Fuel Gas Co See Peop Gas
N e wark Cons Gas con g 5s 1948 J-D
N YGELH<&Pg 5s. ..1948 J-D
Purchase money g 4s. ..1949 F-A
Ed El 111 1st conv g 5s. .1910 M-S
92*2 99*2
'ias
PGAC Co
Gas g 5s
Det Gas Co con 1st g
Low High
M
MISCELLANEOUS BONDS—Continued
See
High Ay
Sep 00
.
W
Unified gold 4s
Has and Electric Light
Ch G L & C Co See P G & C Co
Columbus Gas 1st g 5s
1932 J-J
Conn By & L See Street Ry
Con Gas Co
Since
January t
KCFtS&M
of
Elgin Jol & East 1st g 53.1941
Elm Cort
See Leh &
Y
Erie 1st ext gold 48
1947
2d ext gold 5s
1919
3d ext gold 4*28
1923
4th ext gold 5s
1920
5th ext gold 4s
1928
1st consol gold 7a
1920
1st consol g fund 7a
1920
Erie 1st con g 4a prior. .1996
Registered
1996
1st consol gen lien g4s.. 1996
Registered
1996
Penn coll tr g 4s
1951
BuffN
Erie 1st 7s. .1916
Bun&
gold 6s
1908
Small
1908
Chic & Erie 1st gold 5s. .1982
Jen RR 1st gu g 5s....al909
Long Dock consol g 6s.. 193
Hock Val lstconsol g 4 *2S. 1999
N
83?8
W
Del Laek
W
1
Han
ousatonic See N Y N H & H
Pas Rivs 1st g 4s. 1943 A-O
Dak&GtSo SeeCM&StP
alias & Waco See M K & T
Alb
(
Q-J
8334 84
94*a 95
100
.
S~
Z}<*>
Last Sale
!
J'ne'02
100 J'ly '02
72 *2
73
116*2 May'02
104 34
103 34
Range
"£--
or
1
ib'4*2NoV'0i
A-0
S« Peuii Co
1947 J-J
Col Midland 1st g 4s
Colorado & Son 1st g4s... 1929
Coluni <fc Greenv See So Ry
Col & Hock Val See Hock Val
Col Conn & Term See N &
&
11358115*2
134' 8 134*8
138
J-J
J-J
Clev<fc-Pitts
Conn
113*8 113%
134*8 Jan 'tr.
83
J-J
&
J'ly '02
Apr '02
J'ly '02
105% Mar'02
102
l
1st con5s..ol945
Ga Car No 1st gu g 5s. .1929
(ieorgia Pacific See So Ry
lla
G Nor See So Pac Co
102 104%
102 102
V &
101*2l03 34 (touv & Oswegat See N Y Cent
rand Rap & Ind See Penn RR
1028a 104a,
Gray's Pt Term See St L S
Gt Nor— C B & Q coll tr 4s 1921
Greenbrier Ry See Clies & O
Gulf & S 1 1st ref & t g 5s &1952
105 106
& St Jo See C B & Q
102
M-N '"""103J.J 104
99
M-N
100
M-S
Cln
W
Week's
Range
Ask Low
Bid
FlaCen<fe Pen 1st g 5s. ..1918
1st land gr ext gold 5s. .1930
1043
Consol gold 5s
Fort St U D Co 1st g 4*2S.1941
1921
1st
6s
C
Ft
g
& Rio Gr 1st g 3-4s. 1928
Ft
Si-c 80 Pac ( !o
/ 1 al Har ifc S A
y Tal H & H of 1882 1st 5s. 1913
Ga& AlaRy
98
M-N *104
102 *4
fcl936 Q-F
fcl930 Q-F
1st gold 4s
Friday
August 1
W&Den
11334 115*..
<fc
1993
General g -Is
1935
Cairo Div 1st gold 4s
1st
i:
Div
43.1991
A; M
Ciu
St L Div 1st ool tr g 4s.. 1990
1900
Registered
Spr A- Col Div 1st g 4s. .1040
\V Val Div 1st g4s... 1940
C I St L <fc C consul Gs.,1920
Price
STOCK EXCHANGE
Week Endlnu august 1
N. Y.
Hiqh No Low High
117 34 J'ly'02
109 Apr'02
114*2 May'02
111*2 Dec '01
L13 Oct '00
114 34 J'ly*02
11734.
n
Chic
Chic
Last Sale
229
2
95
97*4
97
104
J'ly '02
May'02
104
104
lstconsol gold 5s
1995 J-J
NY&QE1 L&P 1 st con g 581930 F-A
Paterson & P G & E g 5s. 1949 M-S
Peo Gas & C 1st gu g 6s. .1904 M-N
112*2113*2
96 Sale
107*4108*2
120
106*2
112*2ll0 34
113* 3 J'ly'02
96
108
120
9534 98*2
106*2 100
120 121 34
24
98
J'ne'02
J'ly'02
108*4 J'iy'02
104*2108*2
104 104
104 J'ne'02
103 106
1904 J-D 103*2 104*2 103*2 J'ne'02
120% 126
121
61 *2 Oct
1943 A-O 121
Refunding gold 5s
106 Dec '98
107 34 Dec'00
1947 M-S
it L Mo Gas Co 1st
108*2111*4
g 5s. ..1922 A-O
ChG-L&Cke.lstgug5s 1937 J-J *109
109 J'ly'02
Kings Co El L & P g 5a.. .1937 A-O
2 107*4109*3
Con G Coof Chlstgug5s.'36 J-D 108
10S
108
Purchase money 6s
1102*2105
1997 A-O 123*2 125 124 *4 J'ly '02
Eq
Apr'02
G
124*4
F
105
& Ch 1st gii g 6s. 1905 J-J 102
123
JtatUlBkn lstcon g 4s 1939 J-J
1105 106
Mu Fuel GaslstgugSs.
96*2....
99
97
.105 105 J'ly'02
99 J'ne'02
1947 M-N
LacGasLofStLl8tgos.el919 Q-F 108 .... 109 J'ly'02
Trenton G & El 1st g 5s.. 1949 M-S
109 Feb'01
107*2110
Milwaukee
iwauKee Gasp
Gas L 1st 4S..1927
3
*
4s.. 1927 M-N
L<fc
95*4
95*
95-44 Utica E L
95
& P 1st
95*4
lstsf
s f g 5s.
-J
95
Ss.1950
1950 JJ-J
9
4 20 95
No price Friday; latest bid and asked this week. oDueJan b Due Feb dDueApr eDueMay /iDueJ'ly tDueAug oDueOct jDueDeo jOpttonsale118
118
J'ne'02
'01
118
118
2d guar gold 6s
lstcon gold 6s
I
I
—
1
J
'
Bond EeCOrd— Continued— Page
230
BONDS
STOCK EXCHANGE
Week Ending August 1
N. Y.
SA,
Price
Week's
Range
Friday
August 1
Ranye or
Since
Last Sale
Ask Low
Bid
Louisvcfc Kasliv (Continued)
PensacolaDiv gold 6s.. .1920 M-S
1921 M-S
St L, Div 1st gold (is
1980 M-S
70
2d gold 3s
«|5e
teLS&MS
W
NY
A-0
A-0
104*2105
J-J
110*2112
82*4 Sale
33*2 Sale
23*2 Sale
J-J
J'ly
J'ly
Mexlnternatlstcon g 4s. 1977 M-S
6s. ...1910 J-D
Mich Cent See N Y Cent
Mid of N J See Erie
Mil L. S &
See Chic & N
M & St P
Minn & St L 1st gold 7s. .1927
1909
Iowa Ex 1st gold 7s
Pacific Ex 1st gold 6s. ..1921
South West Ex 1st g 7s. 1910
J-D
J-D
A-0
J-D
1934 M-N
1st consol gold 5s
1st and refund gold 4s. .1949 M-S
BCR
A- N
Minn & St L gu See
cfe P 1st 5s stpd 4s int gu 1936 J-J
M S S M <fe A 1st g 4 int gu 1926 J-J
MStP&SSM con g 4 int gu '38
Minn Un See St P M &M
Mo Kan
Tex
cfe
1st
g
L Div
Gold3*2S
cfe
Kan C
J-J
1st ret g 4s. ...2001
1st gu g 5s... 1940
Pac
1st g 4s. ..10:10
<
Trust gold 5s stamped. al91~
Registered
al91
1st coll goldSs...
1920
Cent Br Ry 1st gu g 4s. 1919
M- S
M-S
F-A
F-A
Leroy<fcCVALlstg5sl920 J-J
Pac R of Mo 1st ex g 4s. 1938 K-A
2d extended gold 5s. ..1938 J-J
St L, Ir M& Sgen con g 5sl931 A-O
Gen con stamp gtd g 5s 1 93 A-O
Unified <fe ret gold 4s.. 1929 J-J
Verdi V I &
1st g 5s. 1926 M-S
Mob cfe Birm prior lien g 5s 1945 J-J
Mortgage gold 4s
1945 J-J
Mob Jack <& K C 1st g 58.1946 J-D
Mob<fc Ohio new gold 68. .192 J-D
1st extension gold 68.. h 92 Q-J
General gold 4s
L938 M-S
Montgoni Div 1st g 5s.. 19! F-A
St L & Cairo coll g 4s..el930 Q-F
Guaranteed g4s
1931 J-J
M & O coll 4s See Southern
32 104*4 107*2
2d guar 6s
36*2
20*2 25*2
109,%
108*4
108*4 108 a4
90*2
102*2
105 Sale
113*2
108*4
1083,
106
109
91*8 95«8
May'01
105
104*4 107*4
114 116*9
J'ne'02
117*4
114
93
11 5 '4
120
114
114
92*4
95
110*4 J'ly '00
93
102
129
129*2
125 127
99 100
114 3
i
1
93*8
99*2
127
Apr '02
J'ly '02
J'nc'o-j
Feb '02
99*2J'ly'o.'
116 78 J'1V02
95*4 Nov'01
93
97
129
127
102
98
114
100
93*2
132
128*2
118*2
100*2 101*2
101*a J'ne'02
125=8....
....
....
112*4....
125 34
115*2
113
116
111
lo 114
116
Dec '99
Lie"
116
Dec'99
i'ie"
Shot
101*4 102
78*4 79
101*4 J'ly '02
78*2
78
101*4 104
81*2
IB 78
...
Registered
1903
Gold mortgage 3 "28
1997
Registered
1997
Debenture 5s of.. .1884-1904
Registered
1884-1 904
Regist deb 5s of... 1889- 1901
Debenture g4s
1890-1905
Registered
1890-1905
Debt certs ext g 4a
1905
Registered
1906
Lake Shore coll g 8*28. ..1998
Registered
1998
Mich Cent coll g 3 *28.
198
Registered
1998
Beech Creek 1st gug 4s. 1936
Rogisterod
1936
2d gu gold 5s
1930
101*2
'101*4
ioi*2J'iy'02
107
106 34 J'ly'02
l08HiApr'02
103\
104 sm J'ne'02
103*9 J'ly '02
102*2 Apr'02
log's Sep '97
100*2 101
10134 Apr'02
101 100*4 Jan 02
3
]00 4 101*2 100*u I'ne'()2
101*2 100*sNov'(U
9439.
96
96
93 J'ly'02
* 94*a 95
94»4
9434
103
!
106
.
.
93*4 Feb '02
111*4 Sep '01
106 J'ue'98
cfe
StP&NPgen
W
io5"
Apr'02
Comm
J-J
Cable Co 1st g 4s. .2397 Q-J
2. '.97
Registered
Erie T & T col tr g s t 6s. .1926 ?:j
Met T cfe T 1st s f g5s
1918 M-N
MutUnTelCo SeeWestnUn
N Y& N J Tel gen g 5S..1920 M-N
No We.stn Teles See West iMi
100 Mar'02
lOO'a Apr'02
100*2<),
I
'00
109
115
Oel '99
114*2 Apr'02
101 »8
103 »«
10G 34
108*2
10234
102*8
Northwestern Tel 7s
1904 J-J
TC I R
Clearf Bit Coal See N Y C & H
Col C
IDevCo gug 53.1909
No price Friday;
1233. 121 'oMav'02
122*4
12:-;
106
107
113 34 Jan '02
121*4 121*2
122*-. 127*2
113 34 114*2
110*2 Nov'01
107
107
105*4 108
122*2 J'lv '02
Dec'01
107
101
100
Doc '01
22.".
J'ne'02
j'ly '02
M-S
M-S
11
204 "2 225
207 220
135*213513
'02
1
106*4106*8
10 103
104*2
105*4
101*2Nov'98
109
104
100*4
100*8 101°8
93*«
98
96i4
97 «8
93
96
93
133
136
1
106 Hi
103
133
132
135*a
]36
134 34 135*4
lol'' s 104*2
1 00 *2 100*2
95
92
107'j.T'ly'Ol
102*2 J'ly '02
101*2104 h
104*2 1043s 1043s
104*4 J'lv 'o-j
74"8
74=8 Sale
'7.W
72 Apr'02
104 106*4
103*8105*2
73
753s
75
72
104
Q-F
Q-F
HG*2ll6*a
J-D
J-D
.104
102*2May'02
100
129*8 129*8
A-O
J-D
Q-M
111*2
98*2 101
J-J
110*2118
129*t<Mu\"02
132 JTy'99
122 Apr'02
Ill's J'ne'02
100 Jan '02
94*2 Feb '02
116 J'ly'02
112
110
114
112
112*2J'ne'01
108*2 J'ly '02
111
.
111
F-A
Q-F
F-A
102 *a
i2'i""i22"
110*4112*2
100 100
94*2 94 *2
115 119*9
110
108
NYC
NW
1946 J-D
s 5s
See Mo Pac
102*2.
99*2.
111*8.
110
.
N&C
J-J
A-O
M-N
D
E
RK
4s guar
W
3*2
cfe
19 15
ft.1912
95
1
1
1
1
97*2 99
122*2 123
•(>•_>
121
Oct '00
100 34
102
Nov'00
F-A
J-J
J-J
J-J
.
.115
A-O
M-N
114*4 116*9
114*4 116*9
115*8 J'ne'02
1153s J'ly '02
1
M-N
1949 F-A
C 1st 7s. ..1912 J-J
1912 J-J
real est g4s. 923
(
90.",
'(in hi
sterling « Gs
Warrants con v 8*28 50% paid
Con currency 6s reg...</1905
Consol gold 5s
1919
1
* 120*4.
•12138.
guar g
] st
1
J'ly'02
1942 M-N
C guar
102*2 102*9
101*2 102
11 1*4 113*2
110-'«8 112*4
1
123
PCC&StLgu4*2SA...1940 A-O
Series B guar
1942 A-O
Series
Series
Series
Pitts Ft
1
OSlj.I'ly
A-O
A-O
109*2 114*2
112
02*2 Mil v' OLIO- Apr'02
*4 J'ly'02
IO^.I'lv'02
L02 Nov'98
1
tr ser B... I'll
st L,fe
.
10334
100'.,
9434
Q-J
Q-J
110*2 Mar'02
J'ly'02
J'ly'02
134 34 13434 J'ly '01'
01
1013* Sale 101% loi 3
100*2 Jan '02
7
94*2
9
sale'
130
s
94 e
117
133
129*4
1
28
*2
.
L28"a.
128
.
h'.'.j
Feb '01
loi;:>,
Nov'O]
97
132
J'ne'02
J'ne'02
>2
97 4
132
131*9
97
130
130
131 *a May'02
130 Apr'01
110*aMar'O2
110*2110*9
J-J
107*4 Sale
107
76'5
108
i03*6i08"
Q-M
M-S
on Next I'nse
Coal and Iron
99\ 100*8 Col Fcfel Co Ken s a 5S..1943 FA
Con\ eitilile deb g 5s ..1911 F-A
100 Hj 100*2
De Bardel U <fe I See T C <S
<;r Biv Coal cfe C 1st g6s
A-0
eil .V; Clear C cfe I lstg 58.1020 J l>
114*2 114*2
t
103
104
(>.-.••*,
I
101*4 Sale
101*4
101
115
L07
so
106
106*4
111*4
16 108
106*2 1919 101
1
.J
Kan cfe
11
192G
C&C181
Bl
J
D
.i
.1
Val Coal 1st gsi 58
110*2113*2 RochcfePitC'ct I iiurni 58 !'' 16 M N
15 105 '2 109*4 Temi Coal TDiv L8tg6fl.al917 A ii
9
J
Kirni Div 1 hi con sol r.s
110'4 113*4
D
Cah M Co 1st 2ii g Gs.l'.ej'J
DeBarCcfe I
L910 F A
.1
.
l
1
1st
g 58.1919
J
iog'i c. b'02
Ool »00
106
106*4
10
!
.
110
10S
L09
113
110>2.
113
106
100
lo.:'.,
.1
WhLEcfc PC Co
116
May"97
Msy'97
105
.1
.1
,
:oi
108
J'ne'02
32
.1
J'ne'02
J'ne'02
ivi'
111*9
on
101
J'lv '02
Jan 'on
Hi
104
cfe
cfe
J-J
Col Fuel Co gen gold 6s. ..1919 M-N
*
11578 Mav'00
10334 104*-. 104
'
Cah Coal Min See
130
Un Pac
Un Pac
2d gold 5s
Coal and Iron
132*2
128
127
1,
P 1st con g 58.1982
Registered
1932
CI cfe P gen gu g 4 38 ser A '42
Series B
1942
Scries C 3*28
1948
Series D3*»3
1950
Erie* PittsgugS*2S B.1940
Series C
1940
Bdge gen gug 4 *2S 1945
(j
ioiiiibi»4
93
st
IM.-as
1
1858 Dec'01
128 J'ne'02
127 J'ne'02
110 Dec'01
106*2Nov'00
1
J-J
J-J
1st s
Guar 3>2.s coll
104*8
109*2
113*4 Oct '01
West Union col tr cur 5s. 193s J-J 110 111*4 Ill's J'ly'02
Fd and real est g 4\i8...J.95.0 M-N 106*4 Sale 105*2 106*4
Mut UnTel sfiiii.1 68...19] M-N 111 113 111 J'ne'02
,
I2i;\.
125*8
<fc
SeeCCCA
(Jo 1 st
Pac Coast
of Missouri
MISCELLANEOUS BONOS—Continued
Am Telep <& Tel coll tr 4s 1929
UGSgApr'Ol
,
Oswego & Rome See
O C V & St P See C &
107*2 J'ly '00
110*4 Deo'O]
Telegraph ami Telephone
114
M O
X Y Cent
St P
See
Ore RR & Xav See
Ore Short Line See
2d7s
3d 7s
95
127*2127*2
Jan 'on
106*4 Mar'02
luo River Kit 1st g 58.1936 J-D
General gold 5a
1937 A-0
Ore cfe Cal .See So Pac Co
Penn
92
,
114
127*2 Feb '02
105*2
102*2
1
lien g 4s.. 1997
Registered
L99
General lien gold 3s
a20 t
Registered
a2047
CB&Qcolltr4s Se«Gt.\..r
19.M
St Paul-Dul Div g4s
Registered
1996
i 6s.. ..1923
Registered certilic's.. L923
St Paul & Dul 1st 5s.. ..1931
2d 5s
1917
1st consul gold Is
1968
Wash Cent 1st -4s
L948
Nor Pac Tor Co 1st e 68. .1933
Nor Ry Cal .See So Pac
i'15"
*
138
128
12334
110*2Mar'00
114 Feb '02
132*2....
M-N
M-N
fund g4*a8..1917 A-O
Sink fund subsidy g0s..l910 M-N
Penn Co gu 1st g 4*38. ..'..1921 J-J
Registered
192] J-J
104*8
Guar 3*28 coll triiHt reg.1937 M-S
Ad lstgu g 4s... 198]
Clearf Bit Coal lsts 14s. 19 10
Gouv & Oswe 1 st gu g 5s 1 942
Mohcfe Mai 1st gug 4s.. 1991
Income 5s
1992 Sop
108*2.
220
l35*sJan
1925 J-J
Nor Pac— Prior
BeecSOrExtl8tg3 12Sl»1951
Cart
....
J-D '100
A-0 225
ScioV&N E lstgu g4s 1989 M-N
North Illinois See Chi & N W
North Oliio .See L Erie & W
Panama
A-0
1
CC&T 1st gu g 5s
ac
NY
1st 7s... 1903
104*2 J'ne'02
104 % May'02
107*2 J'ly '02
107
W
1
OIndcfe
7 12534 129
125'.,
115*2
Low High
29 112 116
112'8ll5*2
104*2 107*8
104*4 107 34
107*8109*2
114*2
104*2-.-.
104*4....
A-O
X Y Tex M .See So Pac Co
Xor & South 1st g5s
1941 M-N
Xorf & West gen g Gs
1931 M-N
Improvem't & ext g 6s.. 19:; F-A
New River ls1 2 Gs
1932 A-O
N & W Ry 1st con g 4s. 996 A-O
Registered
199G A-O
Pocah C & C joint 4s.. 94 J-D
Nor Wis See
Xor cfe Mont
115
119
A'o
cfc
10S 58 Sale
95
100
105
116
1
11 3*4 J'lv '02
J-D
J-J
Hi q
Dec'01
105*2 Nov'01
M-N'
AO
fjOIV
108
114*8 113 34
M-N
A-O
A-0
F-A
M-N
Range
Sine*
3 o January
1
L33*....
1
LXXV.
W
111 113*2
110*2 11434
122 126
106 34 109*4
92
W
. . . 1
N
W
W
NJJuncRK
N
N
NY
NYCentA H R
4s
30%
103*2
See N V C & H
Monongahela Riv See H & O
Mont Cent See St P M <fe M
Morgan's Da & T See S P Co
Morris & Essex See Del L cfe
Chat <fe St List 78.1913 J-J
Nash consol
gold 5s
1st
1928 A-O
Jasper Branch 1st g 6s. .1923 J-J
McM M cfe Al 1st Cs.. 1917 J-J
T & P Branch 1st 6s. ...1917 J-J
See L & N
Natof Mex prior lien 4*28.1926
..1951
1st consol 4s
New H & D See N Y N H & 11
Cent
See
New cfe Cin Bdgo See PennCo
O & E prior lien g 6s »1915
Bkln & Man Bch See L I
1931 M-S
1931 Q-M
1940 J-J
1940 J-J
1951 M-S
Registered
81 34 85
Mohawk A Mai
cfe
1
Registered
JL&Slst g 3*2S
Bat C cfe Stur lstgu g 3s. 1989
Ycfc Harlem g 3*28.. .2000
98sf 187 96
97 Sale
96*2
96=8
2000
Registered
91*2 93
90 s8 J'ly'01
Y & North 1st g 5s. ..1927
105 May'00
R W&Ocon 1st ext 5s. 7(1922
Oswe cfe R 2d gu g 5s...el915
B Wife
1st gu 2 58.1918
TJtica& Blk Rivgug4s.l922
N Y Chic & St L 1st g 48.1937
Registered
193
145 ...
147*2 Jan '02
147*2147*2 N Y & Greenw Lake .See Erie
118 ....
118 J*ne'02
118 121
N
Y
<& Har See
Y
C
&
Hud
127 J'ne'02
126 H, 127 34 N Y Lack <fe
128*a...,
See D L &
121 ....
121 Jan '02
121 121
NYLE&
See Erie
122 ....
123 J'ly '02
120*4 124*2 NY&LongBr .See Cent of N J
106*4 106
10 103*2 106
106
N Y & N E See N Y N H & H
1st reg 4s. 1903
Convert deb certs §1,000
97
103 Nov'01
Small certs $100
98 Apr '01
Housatonic R con g 5s. .193
N H & Derby con g 5s. .191s
100*8 Sale 100
100*2
98 IOI1-2
N
E 1st 7s
1905
84 Sale
84
87
81*2 87 14
1st 6s
190,
3
107*4 Sale 10734 107 4
103 108
X Y & North See X Y C & H
86 4 87 h. 87*4
85*2
87*4
88*4 N Y O &
ref 1st g 4s..r/1992
102«8....
102*4 May'Oi
102 106*4
Regis $5,000 only
</1992
88ia ....
90*8 J'ne'O2
90*2 92
N Y & Put See N Y C <fe H
IO734 J'ly '02
104*2 10734 N Y & R B See Long Island
108 *2
105*2 105*2 105*2
101*2 105*2 N Y S &
See Erie
116*2117*4 117
116 114
93 Sale
92 *8
1
Flor
193 J-J
McKeescfcB Vlstgi'.s 191s J-J
Mich Cent 1st consol 6s. 1909 M-S
ii'3" iYiiA
1
W
Nash
DetMon&Tol Ist7s.l906 F-A
KaAA G R 1st sue 5s.l<i:w J-J
Malion C'l RR 1st 5s. .1934 J-J
Pitts McK & Y 1st gu 6S.1932 J-J
Y&N
1990 J-D
91990 F-A
1944 M-N
Wa
cfe
1997 J-D
1997 J-D
Registered
A-0
M-N
M-S
MKcfcTofTlstgugos.1942 J-D
F-A
1943
Slier Sh cfe So 1st gu g 5s.
Tebo & Neosho 1st 7s. ..1903 J-D
112*2 112*2
Mo K cfe E 1st gug 5s
1942 A-0 111*2
112*2 J'ly'02
Missouri Pacific 3d 7s
L90l M-N
1123s
1st consol gold 6s
1920 M-N 124*2 Sale 124*2 124*2
St
Dal
117
NYNH&Har
4s...
2d gold 4s
lstext gold 5s
Regist ered
236] J-J
Lake Shore consol 2d 78.1903 J-D
Registered
1903 J-D
WW
M
Ask
/Jul
1
cfe
OTR
W
W
Mil & Mad See Chic & N W
North See Ch
cfe
N
N
Mex North 1st gold
Il'eeA:'*
Mange or
Last Sale
n iJ list 1
Nor & Mont 1st gug 5S.191G A-0
West Shore 1st 4s gu... 2361 J-J 1]334
101*2
110*4 110*2
112 114*8
32*2 25
33*2 316
23*2 301
82*4
32*2
22*2
Price
Friday
A
H It— (Continued)
NJ June R gu 1st 4s. -.1986 F-A
Registered
lose. F-A
N Y Pn st con gu g 4s 1993 A-O
N Y Cent
5s
1917 A-O
cfe coll gold 5s
1919 A-O
2d series gold 5s
Coll trg4*2S 1st Ser....l90' F-A
cfe
1
J-D
Equip
Mil
104 34 105
105*4 May'01
113*8 J'ne'02
STOCK EXCHANGE
Week Ending August 1
99
112
[Vol.
BONDS
115 1163R
125*2127*2
75
77*2
75 J'ne'02
113 Nov'99
100 J'ly '02
110*2 Mar'02
NFla&S Ietgug5s...l93 F-A "115 116*2 114 34 Feb'02
Pens & Atl 1st gu g 6s. .1921 F-A 113 .... 117 J'ly '02
115 Dec'01
S & N Ala con gu g 5s. .1936 F-A 112*4....
Sink fund gold 6s
1910 A-0 lWa...,
L & Jeff Bdge Co gu g 4s.. 1945 M-S 99 ... 100 Mar'01
See C I <fc L
Mahon Coal
anhattan Ry consol4s.l990
Registered
1990
1908
Metropol El 1st g 6s
Man S
Coloniz g 5s... .1934
Cent
McK'pt&BV See
Metropolitan El See Man Ry
gold
Mex Cent consol
4s.. 1911
1st consol income g 3s.al939
2d consol income g 3s..al939
January
3
N. Y.
Hn/h No Low High
116 a8Mar'02
125*2 May'02
Hender Bdge 1st s f g Gs. 1931 M-S
99 ...,
Kentucky Cent gold 4s. .1987 JLcfcN&McfcM 1st g4*2S 1945 M-S 111 34...
LNA&Ch
1
.
latest
>l
Nov'00
Apr'02
112 115
bid and asked this week, a Due Jan 6DueFob
55
115
it ti ii
I
:
c-t
i-i iiii
cV
InduNtrinl
Atner BlOyolei fdeben 5s 1919 M s
1'
19 15
Am Cot Oil ext 4*28
eDueMay ^DueJ'ne
/(DueJ'ly
06*9 Sale
6B
101*2 lOl'V
jj
Due Nov
t
66
loi
82
\
Option sale.
50
5U 99»a 108
—
August
Bond Record— Concluded— Page 4
1902.]
2,
BONDS
BB
•
August 1
MS
l
Alle:.'
Pensacola<£> Atl set L
Peo A Bast See C C C
Pe«
Ask
Bid
&
&
Nash
St
MS
Last Sale
Loiu
110b.
101
1st oonsol
l't
113b J'ly '02
&PM
1921 Q-F
6192]
68.1920
g
A-O
MN
126
1939 M-N ii2biu
gold 5s
Huron biv 1st g 58.1939 A-O 114
H
1st
gug
4s.
1931
BagTusA
FA
Pine creek reg guar 6S...1932 J-D
Pitts Cm <& St L See Penn Co
Tol 1st g 6s. .1922 A-O 122
Pitts Clev
Pitts Ft
& Ch See Penn Co
Pitts June 1st gold 0s
1922 J-J 122
Pitts & L Erie 2d ^ 5s...al92S A-O 114
tfc
W
Puts .MeKees & Y See N YCen
Pitts Sh & L E 1st g os. ..1940 A-O
1st consol gold 5s
1943 J-J
Pitts
ifc
West
1917
1st g is
Co certfs
Ash 1st cou 53.1927
J P M &
YA
Keading Co geng 4s
Pitts
J-J
M-N
1997 J-J
1997 J-J
g 4s.. .1951 A-0
Registered
Jersey Cent coll
Rensselaer <fe Sar See 1) &
Rich & Dan See South Ry
H
Utah Cent
1st
gu g4s.al917 A-O
Bio Gr June 1st gu g 5s... 1939 J-D
Bio cr So 1st gold 4s
1940 J-J
Guaranteed
1940 J-J
Boch&
130
130*4
J'ne'02
124
112
125
115
May'02
107 b Oct
120
'01
Oct
121 May'02
ISO
98 J'ly'97
101 102bJ'ne'02J
100^ 101 Apr '02
111 J'ne'02
117b.
98
98 Sale
98b
92 Apr'Ol
"96 b Sale
96b
96b
SeeBR&P
Pitts
Rome Wat
100 ] 0034 10034
93 b 95 *4 93*4
121
121
95 b 98
100 34
94
100
92»4
97 Jan '02
114 May'02
...*. 82
80 b J'ly'02
92Vi 93*4 94=8 J'ne'02
102 78
9534
97
97
112b
115*4
80b
82 b
94=8
91
it
101*4 Nov'01
96
97
J'ly'02
95
99 b
<te
ife
<fe
109
109
132
<fc
General gold 6s
1931
General gold 5s
1931
St Life S F RR gold 4s. .1996
Soutliw Div 1st g 5s. .1947
Refunding g 4s
1951
K C Ft S & cong 6s. .1928
K C Ft S & M Ry ref g 4s 1930
Registered
1936
St Louis So See Illinois Cent
1st g 4s bd otfs.1989
St L S
2d g 4s me bond ctfs....pl9S9
Trust Co clfs
Consol gold 4s
1932
Gray's PtTer 1st gug 5s 1947
9t Paul & Dul See Nor Pacific
St Paul M & Mau 2d 6s.. .1909
1st consul gold 6s
1933
Registered
1933
Reduced to gold 4bs.. 1933
Registered
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 4s
1937
Registered
1937
E Minn 1st div 1st g 5s. 1 908
Register ed
190b
Nor Div 1st gold 4s
1948
Minn Union 1st g 6s
1922
Mont C 1st gu g 6s
1937
Registered.
1937
1st guar gold 5s
1937
W111& S F 1st gold 5s. .1938
M
W
.
St P <fc Nor Pac see Nor Pac
St P & S'x City See O St P
&0
8FePres<fc Ph 1st g 5s. ..1942
J-J
J-J
J-J
A-O
J-J
M-N
A-O
A-O
M-N
J-J
130
115*4
98*4 100*4
114b
107
99
99
99
100 Jan '02
"98"
97 b
90b
97 b
125 b J'ne'02
1253i
91
90*4
Sale
99 78 Sale
89 7S Sale
9034
87 a4
88b 89b 88b
100
89
....
A-O 113b
J-J *136b
11 5
J-J *135 34
J-J 11234 Sale
J-J
141
140
b J'ne'02
1123.J
Apr*02
May'02
112 34
HObApr'Ol
M-N
115*4
11538J'ne'02
J-D
J-D
105
105*4
A-O
A-0
A-O
107
106
25
A
A P -See So Pac Co
F & X P 1st sink g 5s. 1919
Sav F & W 1st gold 6s. ...1934
94
11538118b
105*4 109
105*4
May'01
1063s
107b
140*4 141*4
J-D
124 58 125b
M-S
111
Aug'01
J.J
113 34
Dec '01
124* 8 125
W
W
&NE
See Xor &
Seaboard Air Line g 4s ...1950 A
Coll tr refund g 5s
1911 M-N
Scioto
Val
RoalstSs
Dec'01
Dec'99
95*4 Nov'01
110 May'02
87 Aug'01
129b.
95
.
112b.
93b.
96*4.
95
86*4 8634 86*4
IO334 104*4 104
112 ....
10434
1920 J-J
Car Cent 1st con g 4s... 1949 J-J
97 ....
Sher Shr <fc So See M K & T
So" Sp oca <fe G See Sav F &
Sod Bay & So 1st g 5s
1924 J-J 101
So Car & Ga See Southern
So Pac Co— Coll tr g 4 bs. 1 905 J-D 100 b Sale
Gold 4s (Cent Pac coll). fcl949 J-D
94 Sale
Registered
AT 949 J-D
A<fc X
1st gug 5s
1941 J-J
Cent Pac 1st ref gu g 4s 1949 F-A 100 34 Sale
Registered
1949 F-A
Mort guar gold 3 H2S. /C1929 J-D "88" "89"
Registered
AT929 J-D
Gal Har & S A 1st g 6s.. 1910 FA 110
2d gold 7s
1905 J-D 104
Mex & PaclstgSs
1931 M-N 109b.
Gila
1st gug 58.1924 M-N 108
Hous E &
T 1st g 58.1933 M-N '107
Seab<fe
110
110
86b
104b
84
87*4
102% 105b
W
.
.
.
VG&N
W
.
.
100*4
96*4
96*4
.
.
110=8
.
28
87*4
92
112bH3
114 114 b
105*4 108 b
Jan '02
110=8
H0»8
115
116*4
Ids
108
112
108
112
J-J
J-J
J-J
121 »4 Sale
M-S
J-J
J-J
J-J
J-J
A-0
J-J
J-J
M-N
104b
99
114 115
9934
116b
99
115
108blH
114b U4b
119bl24
12134
'02
122
97
99
122
99 b
112bH5
Mar*02
100*8 JTy'02
99 b 101b
120 Mar'01
95 34 J'ly '02
94
98 b
117
12(lb
13 120
122 34
98*4...
120
....
121
J'ne'01
116%117b 119b J'ne'02
122
Sale
121*4
122
113bll7b
117b 117b J'ne'02
125'.,
128
.
122
111b
F-A
J-J
120 34
122b Jan
123b.
M-N
M-N
M-S
M-S
M-S
M-N
M-N
il9bi'l9b
i\<;
114b Feb '02
108b J'ly'01
M-S
1st con gold 5s
M
50-year gold 4s
1950
Tor Ham <fe Buff lstg 4s. /il940
Del
&
1st
con
Ulster
a 5s 1 928
n Pac RR & 1 gr g 4s.. 1947
Registered
l947
>
1st lien convert 4s
1911
Registered
1911
Ore Ry <fe Nav con g 4s. 1946
Ore Short Line lstg 6s.. 1922
1st consjol g 5s
1946
Utah & Nor 1st 7s
1908
A-O
J-D
J-D
J-J
J-J
M-N
M-N
J-D
F-A
J-J
J-J
1926 J-J
Gold 5s
Uni N J RR & C Co See Pa RR
Utah Central See Rio Gr Wes
Utah & North See Un Pacific
Utica & Black R See N Y Cent
Det&Ch Ext lstg 5s. .1941 J-J
Des Moin Div lstg 4s. .1939 J-J
OmDiv 1st g3bs
1941 A-O
ChDiv
1st g4a... 1941
Bridge 1st g 6s. 1908
St Chas
WestN
6
99 101 7
92
96
94 5a 95
f
1093 ; 113
108 108
109b 110*4
J'ne'02
Mar'02
110*4 Apr'02
108
106
10534
'01
88 b
89
112 34 Apr'02
lll^J'ue'n
105 b J'ne'02
108 Dec'01
90
126*4
121
101*4
111*4
90
111b
113*4
112*4
ii6"*i
120 34
Hlb J'ly'02
.
117 b.
120 b J'ne'02
122
117
92*4
129
127 34
122b
J'ly '00
May'O
May'02
Feb'02
Oct '99
Sep '01
116 JTy'02
116 b Dec'01
98 Apr'02
115
116
125
125
119
J'ne'02
J'ne'02
J'ly'02
111*4 113*4
....
90
109
123
90
112
123
....
115
116
....
98
120
98
121
123
102
111
J'ly '00
See Del
Lac
& West
M-S
A-O
113b.
114b Mar'02
115
110 78 J'ne'O',
.
114bll4b
116bH6 78
112 34
115b May'O'.
H5b
Feb '01
104
119
120 119b 120
97b 99b 99 b J'ly'02
40 119
96
122
102 34
111
11 2
*<•
110b
....
106
108b
95
91
92
8234 83
89
90b
97 b 98 b
J'ne'01
11 2 b J'ly '02
112bH4b
112=8 Nov'01
109 May'02
96*4 J'ly'02
92 J'ly'02
107
89
83
89
83
9s b J'ly'02
112b
Hlb J'ly '02
104
104*4
b Sale
119
110
103
Sale
Sale
76b Sale
105
109
107
93*4
88b
3021
81 34 87
97
99 b
110 b 113
104*4 106b
104bl06b
105*4
106
35 102
"4" 126
H0 34
106
104 34
129 b
116bH9b
U4bH4b
119
U934 16
31
110
113
100 J'ly'02
5
3
75 a
76 4 290
I0534 Apr'02 '"4
109
109b
97 May'02 "*3
88b
98
110
20
104b 70
104 78 J'ly'O2
108=8 Sale 108
110b
103 Apr'02
103
103
103b
126 34 127 127 J'ne'02
110 b Sale 116b H6b
115
117 b J'ne'01
116 114bApr'02
1103s
94b ?8 34
93 b
91
88 b 92*4
88b
U8bl21
110
100
114 34
103
66b 78%
3
105
109
95
86*4
105 4
111*4
97
89
98
Mar'02
May'02
98
109
Hlb
119 34 119 34
101*4 J'ly '02
40 Mar'01
10 119
121b
98
110
Wash Cent See Nor Pac
Wasli O & W See Southern
93 b
94 139
95 Apr'02
111 J'ne'01
100 34 102 78 22 100 34 104
99 78 J'ne'00
"87" *89 -4
89 J'ly'02
113
108
111V
Jan
113
105b Nov'01
May'02
& N Ala See L & X
Spok Falls <fe Nor lstg6s. 1939 J-J
Stat Isl Ry 1st gu g 4bs..l943 J-D
Warren
Deo'01
100b
.
S
Tolcfe
W
.
.
J-J
F-A
Series B
1939 J-J
1st lien equip s fd k 5s. .1921 M-S
89 b 95
J'ly'02
Feb '98
96 14Mar'02
100
127b
ll^b Apr'02
Val Ind & W See Mo P
Ver
irginia Mid See South Ry
1939 M-N
Wabash 1st gold 5s
2d gold 5s
1939 F-A
Debenture series A
1939 J-J
128
123
114*4.
125'',
23 133 b 137
123
123 b
114
J-J
M
Apr '02
A-O
106
117 b.
os
88 b 89
lio
b
L»4*<
Feb '02
119 b J'ne'02
107 Nov'00
10938 10934
W
W
115 Apr'97
124 b J'ne'02
125 b Feb '02
1934 A-O
St John's Div lstg 4s. ..1934 J-J
Ala Mid 1st gu gold 5s. .1928 M-N
Bruns&
1st gu g 4s.. 1938 J-J
Sil Si) Oca & G gu g 4s. .1918 J-J
123
.
JJ
<fe
I
L34b
.
1894-1944 i'-A
Bge Ter gu - 5s. 1930 A-O
St L
Tex <fe N O See So Pac Co
24 96b 100b Tex<fe Pac EDiv lstg 6s ..1905 M-S
256 77
90
1st gold 5s
2000 J-D
80 7b 81 34
92OOO Mar
2d gold inc 5s
90
15 88
La Div B L 1st g 5s
1931
Tol & O C lstg 5s
1935 J-J
Western Div 1st g 5s. ..1935 A-O
114bH7
General gold 5s
1935 J-D
1373gl41b
Kan &
1st gu g 4s.... 1990 A-O
139 140
P
1st
gold
4s.
Tol
&
...1917 J-J
112 115b Tol St L &
pr lien g 3 bs. 1925 J-J
4
141*4
1st gold 5s
95b 95
A-O 117
A-O 119
M-N *111
M-N *110b 111
e-
90*4
Apr'02
i'24"
110 112 b
110 b 114
93 34 95b
Sunb
100
100
128
'".'.'.'.
J'ly'02
J'ly'02
127 b Feb '02
A-O 106
A-O 107
—
W
111
,
.
1
High Au Low High,
113bJ*ne 02
95
.
J-J
A-O
Since
January
r
106% J'ne'02
136*4 140
cl910
1905
SPof Cal lstg 6s
1905
1st g 6s series B
lstg6sseriesC<fc D...1906
lstg 6s series E<fe F...1912
1912
1st gold 6s
1937
1st con guar g os
1905-.. 1937
Stamped
SPacofN Mex lstg 6s.. 1911
1937
S P Coast 1st gug 4s
1905
Tex & N O 1st 7s
1912
Sabine Div lstg 6s
1943
Con gold 5s
1994
Southern— 1st cong 5s
1994
Registered....
Mob & Ohio coll tr g 4s.. 1938
Mem Div 1st g4b-5s... 1996
1951
St Louis div 1st g 4s
191s
AlaCenR lstg 6s
194s
Atl& Danvlstg4s
Atl & Yad 1st g guar 48.1949
1916
Col & Greenv 1st 6s
E T Va & Ga Div g 5s. .1930
1956
Con 1st gold 5s
1938
E Ten reor lien g 5s
1938
Registered
6s
1922
GaPac Ry lstg
Knox<fe Ohio 1st g 6s.. .1925
1915
Richife Dan con g 6s
Equip sink fund g 5s. .1909
stamped
1927
Deb 5s
Rich & Meek 1st g 4s. 1948
So Car & Ga lstg 5s.. 1919
Virginia Mid ser C 6s. 1910
1921
Series D 4-5s
Series E 5s
192G
1936
General 5s
1936
Guar stamped
lstcy gu 4s.. 1924
WO<fe
West N C 1st con g 6s. .1914
& Lew See Penn RR
s v ra Bin g & N Y .See D L & W
96b 98b l'Vbo& N 6'ecM K &T
125*8125*8 I or A of St L 1st
lbs. .1939 A O
3
96
100
3
913s 259
100
90
110=8
130b 134
114 b 118
J'l.v'02
81 8 J'ne'02
J-D
J-D
107blllb
107bJ'lv'02
107 May'02
130bJ"lv'O2
M
8
S
1920 J-J
X YT&Mex gu lstg 48.1912
190'
Noof Cal 1st gu g 6a
1938
Guaranteed gold 5 s
Ore & Cal 1st guar g 5s. 1927
4s
1 943
S A <fc A Pass 1 st gu g
.
Uto 102*.,
101 101
111 111
97 b 101
112b
Ok SeeN YCent
Rutland 1st con g 4bs
1941 J-J
Rut-Canad 1st gu g 4 bs. 1949 J-J
Tus
11 See Pere Marq
&
Sag
alt LakeC 1st g s f 6s. .1913 J-J
St Jo.fc Gr Isl 1st g3-4s.. 1947 J-J
96
St Law
Adiron 1st g 5s. 1990 J-J
2d gold 6s
1990 A-O
St L
Cairo See Mob & Ohio
St L it Iron Mount See M P
St L K C
X See Wabash
St L M Br See T RR A of St L
St L
S Fran 2d g 6s CI B 1900 M-N 107
2d gold 6s Class C
1900 M-N 107
134b
121b.
1st guar g 6s
Nov'9'
'98
A-<>
SoPoiAxgulstg68...cl909
113bll7
HI
110b
<fc
Range or
Ask Low
A-O
A-O
M-N
1st gold 6s
Meek
See Southern
BioGr West 1st g 4s
1939 J-J
Consul and col trust 4s .1949 A-0
Ricli <&
Waco& N W div 1st g 6s '30
T 1st 7s. 1918
Oct '00
137
nit guar. ..1912
gold 4s nit guar.. 1921
(5s
Morgan's La
i"l7" May'b'o
125
2il cold 4 b*
Pete Marq.-— F
Gen
Ulblllb
1.
g6a
Week's
Last sate
)
WT
.
130*4 Feb '02
I'd 1st
J 'rice
Friday
August 1
Bid
southern Pac Co— (Continued
103
1st gu 5s red. 193:; M-N
II E &
H <fe TC 1st g5siut gu..l937 J-J llii'i
Consol g
ii"l'bMarvo\
.
101
125
112
IVk
January 1
High No Low .High
122
,v
STOCK EXCHANGE
WEEK ENDINO AUGUST 1
X. Y.
102
103
231
BONDS
Jiange
Since
* a
Nov'97
112^ Mar'00
ios"
s;
DK KKa
Range or
Friday
(Continued)
1943
gold 4s
Val gen gu g 4a. ..1942 M-S
CIA- Mar 1st gu
lbs.. 1935 M N
Bge 1st gu lsg.'36 FA
Gr Kit I ex 1st gn g4ba 194] JSun A Lewis 1st g 43.. .1936 J-J
N J BB A Cau gen 48.1944
Con s.
week's
Price
STOCK EXCHANGE
wkkk Ending august l
N. Y.
Penn
b
5
=
J
May'02
108
105
Feb '02
112
106
Gen
Y&
Pa lstg
5s. .1937 J-J
gold 3-4s
1943 A-0
Income 5s
ril943
West No Car See South Ry
West Shore See N Y Cent
VaCeut<fe P 1st s 6s.. 1911
Wheel'gcfe L E 1st g 5s. ..1926
Wheel Div 1st gold 5s.. 192)
Exten<& Imp gold 5s. ..1930
W
1st consol 4s
Wilkes & East See Erie
Wil & Sioux F See St P
Nov
J-J
A-O
119
120
100b 102
35
Hlb
112bH4b
113 115b
112bH2b
91
97 b
114bJan'02
113b
113
F-A *1121949 M-S
95
98*4101*4
J-J
96
113 Apr'02
112 b Jan '02
113 Dec'01
95 7e
94b
M&M
W
Winona & St P See C & N
Wis Cent 50-vt 1st gen 48.1949 J-J
92b Sale
92b
92b 20 88
95
MISCELLANEOUS BONDS—Concluded.
Manufacturing
& Industrial
Am Hide & L 1st s t g 6s. .1919
Am Spirits Mfg 1st g 6s. .1915
Am Thread 1st col tr 4s. ..1919
Bar & S Car Co 1st g 6s. ..1942
ConsolTobacco 50-yr g 4S.1S51
Registered 4s
1951
Distill of Amercolltrg os. 1911
Gramercy Sug 1st gold 6s.l923
HI Steel Co deb 5s
1910
Non-conv deben 5s
1913
Int Paper Co 1st con g 6s. 1918
Knickerbocker Ice (Chicago)
1st gold 5s
1928
Nat Starch Mfg Co 1st g6s 1920
Nat Starch Co s t deb 5s. .1925
Stan Rope
lstg 6s.. .1946
Income gold 5s
1946
U 8 LeathCo8fdebg6s..l913 M-N
&T
*
Ko price Friday;
latest bid
Miscellaneous
100
Sale
90
99
90
82
105
96
1023^
110
£8
2
J'ne'02
Jan '00
68 657
653s
65b Mar!02
653s Sale
94
100
90
Adams Excoltr g4s
103=8 107 b
1948 M-S 105 106 105
94b 100
105b
91b AmDk&Impos See Cent N J
Am SS Co of WVag 5s. ...1920 M-N
83
I0034l01b
82
100 34 J'ne'02
B'kl'n FerryColstconsg5s'48 F-A
79*4 85b
82 b J'ly '02
78b
3
Chic
Jc & St Yard col g 5s. 191 J-J
64 4 69 b
111 Mar'01
*"62"
OetM&Mldgr
6'4
68
30
incomes..
1911
40
A-O
65
65b 65b
"64*s
Hoboken Life I gold 5s. ..1910 M-N
96
86
Mad Sq Garden 1st g 5s.. 1919 M-N
80
96 "75
95
99 b Apr'Ol
99 Jan '99
100 100
100 May'02
109 34 109 7s 18 107b 112
Man Bch H<feL geng 4s.. 1940 M-N
Xewp Ne Ship & D D 5s cU990 J-J
X Y Dock
st Joseph
St
50-yr 1st g 4s. .1951 F-A
96
StkYds Ist4bs.l930 J-J 102
and asked.
98
.
105
85
•
oDueJan SDueFeb
e
97
98
38
Feb'02
98
50
23
90*3 ioo*
Of,
85
L Ter Cupples Stat'n *• Prop
93 Aug'00
Co lstg 4bs 5-20 year.. 1917 J-D
106 J'ly '02
105 34ll0b
S Yuba Wat Co con g 6s. .192-3 J-J
95
89
94 Apr'02
7
Sp Val Wat Works 1st 6s. 1906 M-S
74
55
64
69 s J'ly'02
1578 Sale
6 34 19
U S Red & Ref 1st 8 f g 6S.1931
14
16b 260
7
112
114
J'ly'02
116b
H3
113b
8
.
50
Due Mar d Due Apr
Due J'ne A Due J'ly
fc
Feb'97
113bJ'ly'00
Sale
85 b
87
101
105
8 6 78
Duo Aug p Due Nov
q Due
89»*
Deo sOptaonsale
V
8
j
BOSTON STOCK EXOH&NGE-Stock
Record, Daily,
Share Prices—Not Per Centum Prices
Monday
Saturday
July 2
Wednesday
July 30
Tuesday
July 29
July?8
(i
Thursday
Friday
July 31
Aug. 1
9334 90' 8
92 34
92
91% 937,
91V 92V 91V 92=8 91V
102 V 102% 10234 102 34 10134 101 34 101% 102V 10134
103% 104
261%261-8 261V 262
261V261V 261V 262
261V262
261V
•163 165
164 164
164 165
165 165
164 164 V 164
*238
•200
•200
2
1
1
L80
300
•160
299"
300
160
202
180
240
202
180
240
202
238
2
'
299
161
160
'238
....
199
201
•238
199
199
Last Sale
*298
161
162
*'.'.'.'.'.'.
161
'199
•144
•178
144
144V
'178 180
180
41
41
41
97
9715
97
•29
30
V
30V
236
233 V 234
200
199
199
i6~i
200
Last Sale
288
144
41
971.;
*30
*233
•210
•75
•87
•77V
....
'210
....
75
*87
236
236
236
211
74V 77
•210
77
....
•210
80
88
•77
83
108
....
98
98
98
*29V 30V
75
79
87V 87V 88V 91
80
79V •77
*78
83
*82
108% *108
83
84
....
29V
26V 26V
3
132V134
e
119=8 120
165 V
165
•14
•77
14V
77V
4V
*4
•123
125
63V 64V
•280
186
•184
285
188
186
*2V
*110V
29V
95
95
114
114
95
114
95
*114
2%
•89
89 V
434
4 34
144 144
434
•9
90
*4 34
4 34
*33
248*"
HI
248
31V 32V
90V 91
*6V 7
31
248
*9
160
248
9V
177
•26V 27
15H
•26V 27
152
4%
144
144
35
248
38
249
9
9
169
*26V 27
165
*28%
*28V
*28V
-2
2V
2V
113V 113 113V
53V 53V 53 V 53 34
31V 31
31V
31V 31V •31
•2
2
*2
l
4
113
112V 113
•53
54
84% 84%
39 % 40
90
16
16
3934
40
90
90
.;_;,;••
29 V 29^
102^
102
105
104
31V
30
102
109
108
661,
90
4%
38
250
*105
'104
2
4
67
*2V
»'4
5V
••50
•80
5
5
•50
•80
31
31
34 V 3434
30 V 30 V
•34 V 35
•50
•55
3 34
*g"
9
570
-15
'•"l"6"
19
19
8
56'
-60
2>J6
2
19 U
19 34
6S
58V
5,
•51
:
•51
52
*1S5
•115
130V
*3V
•11
3V
ll
:
-i
136
115
3 34
33,
10 V
12
3V
15 V
18V 18V
•2
2V
2V
•43 V 44V
*1V
2 34
2k
•2 %
3V
•19 '4 193,1
•GO
61
•27 V 29
3 34
9
&
H
*2V
44
r
"2V
*1V
30V 30V
*34V 35
•65 -70
570
570
••10
-15
2Ve
59
52
137
3 78
10V
3 34
2V
45 V
3%
2V
70
•65
3 34
"-"s"
20 34
20
43
4
4
9
563
563
•10
•15
20
20
•65
*-65
*8
9
568
Last Sale
19
19
7%
5oo
555
3
4
12
45
3
2
2V
2
12
45 V
3
12
2V
IV
"*'iK
1934
3
V
1934
•2
2
12
45% 45 V
*2V 3V
2V
2V
IV
*2V 3 l4
19
60 V
30
19
2V
1,701
1,344
377
10,h33
328
25
Jan 16
32 V J'ly 29
91 J'ly 29
59
53
•2
Last Sale 4
12V 12 V *12
21
81V Jan
2
42 34 Jan
90% J'ne
107 V May
^65 Apr
190 J'ly
80 May
251 Jan
159 V Jan
238 J'ly
189 Dec
1 68
Feb
297 May
143 VJan
126 Jan
198 Jan
160 Jan
276 Jan
139 Jan
166 Jan
24 Jan
77 VJan
13 V Jan
201 Feb
163 Jan
223 Jan
205 Jan
30 Jan
70 Jan
87 Jan
42 Aug
98 J'ne
78 V Jan
82 Jan
172 Nov
92 VJan
110 Jan
17 Feb
40 V Dec
150 Aug
Feb
103
89
Jan
1.
2V
250
1,055
"601
605
700
L720
8J 35 2
5
25
Copper Range Con
Daly- West
Dominion Coal
20
loo
100
12
25
Do pref
Elm River
Franklin
Guanajuato Consol.. 5
Isle Royale (Copper). 25
Mass Consol
25
Mayflower
26
79VDec
102 J'ne
135 Apr
0038 Nov
65 Dec
May
286
Apr
.48
Nov
73
45
96
J'ly
J'ne
29% May
2l7VJ'ne
Nov
173
231 J'ne
212 V Apr
95 Nov
89 Nov
120 Dec
Dec
61
108 Dec
132 VMay
99 May
173 V Aug
99 Apr
118V Apr
24V Apr
48
155
J'ne
Aug
650
810
1,125
255
888
2,540
605
45
Michigan t
J'ne
Dec 130
J'ly
7
106VMarl9 101 V Aug 103
Dec
Jan
Jan
Jau 15 93VJ'nel6
Jau 23 29
28
Jan 28
IV Feb 25 2 V MarlO
85V Jan 8 lUVJ'ly 7
46 Jan 2 57V Mav 1
29 Jau 2 33VApr28
11 V Jau 25 14% Apr 2
80V Jan 22 86% Apr 2
13 V Jan 25 18VAprl4
49 Jan 2 62VMar25
36VJ'nel9 46%Jan 7
Mar
Aug
Jan
Dec 152% J'ne
Dec
88
1
27
Jan
2
Nov
73 Sep
30 V Feb
i
j
1
'-.
:i
i
'i
25
Trinity
Dnltefl
I'
S
umi
1
opper
Mnnim
v tr
states Coal
82% Jan
54V Apr
101% May
Jan
Jan
89 V Bee
91 Deo
VOct
54
66
34
Nov
69 V Jan
•'
•1
Wyandot
during 1902.
"994
26
:;,::. .11
.1
:,
1
i
1
,
1
1
J'ly
3
Jan
Jan
2
25
25
25
25
G
18
281
:
Mav 14
I
:
.
I
Mar
8
Feb
1
Marl 7
May22
34
134
Feb
IV Feb
Sep
33
19
...
Sh Oct
56VMay
37% Sep
6% Oct
Jan
Sep
20
50
'1
8
Sep
Jau
6%Di'c
7
4% Aug
6% Oct
38-',
Mar
Sep
120
58 Apr
8", Sep
Dec 187 Apr
Dec 10 1'eb
Dec 10 V Apr
•j>,
•50
230"
J'ne
61
•JV.'au
363" Sep
58
Feb
Sep
Dec
41
J'ne
9 VJan
24
h:;
Mar
Jau
Jan
1i
is', .Ply 2
Feb
,
4V«J'ii' I"
Jan 11
(11
*Btd and asked prices.
Mar
Mar
7
25
V May
B
\|.I'21
95
Deo
L20
10
Iy2s
15% J'ly
476 42
000 75
3
125
:
Krhl',1
'
1,745
1
of assess' ts called
100
80 50
2,860
tah Con (Gold)trn
Victorial
Winona)
Wolverine
iio'fr,
100
ctfs. 25
& Oil
Jan
13 V Oct
46 Dec
33 May
86 V J'ly
114VJ'ne23 111 Jan 23 108 Jan
2 Dec
IV Jau 16 £ VMar 1
15 34 Feb 3 I LVDec
lOVJ'iy
Dec
2% J'ly 17 5 VJan 3
HVMay20 25 Feb 1 18 V Dec
3
16 4 Jan 15 21 VMay 9 II Jan
Jan 28
lVJ'ne
2
3 VMar 4
4 Aug
3 Jan 6
4 Jan 8
dO Jan 16 £13 ', Mario 65»4 Feb
Jan 14 46
<(27
ly31 &22 Jan
4 Feb
4 V Mar 7
3 J'ly 2
Dec
•l'
IV J'ly 22 4 MarlO
13. Jan :n 50c.
Jan
1
Jan
41
Aug
3
MarlO
2
3 -lv
20 V Dec
17V Apt 28 25
67V Aug 1 S9:' Feb 1 72 Dec
Feb 1 27 V Dec
24V Api 30 3
fi
2
Mar
Aug
29 May
5 Mar
137 Mar
48 V Nov
»4
<
Tecumseh
Tnimmntain
Oct
Jan
23% Jan 30 Sep
9 May 16% May
74 Jau 83% Aug
1
10
Apr
1
I
Shannon
Tamarack
99
61% Oct 66 V Au «
60% Dec 129V J 'ne
2 Nov
5V J 'ne
9 V Mai 27 lr.VJ'lvlt
9 Feb 18 Apr
24 J'ly 14 35 Jau 31 29 Deo 53 Apr
3 V Jau 14 13V MarlO
SVDeo 2434 Mar
534 Mar
•50
May 9
1
Jan 31 50c. Dec
22 Jan 23 36 Mav 8 24% Dec 43 Sep
20V Jan 17 3934 A i-r21 15V Jan 43V A "S
1 8 Mar
40 J'ly 21 11 20 Mar 6
Jan
1
5VMav 7 Jan
2 Jan 2
Apr23
Oil VOct 23 VJan
6*4 Mav22 10VJMar
538 Apr30 650 Feb 1 535 Dec 860 Mar
10 April •12 Jan 20 12 Dec •22 *« Apr
11 Jan 14 28 MarlO 10 V Dec 34V May
8%Mav 3
7
Jan 20
8 Aug 13 Feb
•25
134 D0C 18V Jan
Apr 24 2 Jan 8
4 Apr
l%Jan 2
VJ'iy 8
1 V Nov
J'ly 21 19 J'ly 26
18V
3
43 4 Mai 17 64 Apr 12 44 Dec 55 V Bee
18V5Lir 1 56 J'ly 8 28 Nov 41 J'ne
54 Jau 2 146 Apr 15 32 May 53 '4 Dec
>
1
>.,
;
34% J'ne
91
11
33
Jan
_'.-.
'4
200
176
307
1..
100
18
'02 Mercefl (Gold)
13
1
Apr
Apr
Apr
Apr
2 IS
234 J'nel9
7% Mar20 4VNov 15
123 135 Jau 2 151 Apr30 127 V Jan 146
213 30 J'ly 22 39 J'ly 31
36 216 Jan 7 250 JMy21 198 Jan 225
934 J'ly 18
534 Oct
230
9
6 Jau 23
7,7s:; 100
Jau 9 177 J'ly 28 1 00 Dec 110
20 26 V May 17 27 Jan 2 25 V Dec 29
4,805
25
Col 00 11,982
Gold...
Oct
20
4 Jan 21
9 34 May22
3 34
21 J'nel9 3734 May22 28
116 V Jan 6 135VMar31 103
115 Jan 4 120 Apr 4 112
155 Mar 1 185% Apr 4 151
13 Apr 2 3 17 V Jan 7 14
73 Apr 24 8034.Tan 2 70%
15
220
25
25 2,359
45V 46
45 V
46 Mohawk
50
*2V 3V *2V
3V .Montana Coal& Coke 25
2% 2 V
2V
2V Montreal & Boston.. 5 2,530
50
IV IV •1
25
National
2
50
2V
25
2V *2V
2V Old Colony
19
19
357
Dominion
is
(Cop).. 25
1834 Old
1,952
59 V 60
25
Osceola
60
57V
*28
30
150
28V
28V Parrott (Silv& Coup) 10
7o
5
25
3V
Phoenix Consol
5
*4V
•4V
Apr 9 147
62 125
132 132
•130
ijuincy
25
133
lVJ'ueU
3
005
3
Island
25
Rhode
3
*2V
]3, Ma:
4
santa Fe(Gold<fc Cop) 10 1,485
2% 2%
2V
."in
Jan 27 50
Last Sale 50
Api '02 s.niia Vsabel (Gold),
dBeforo pay't
Highest
495
50
Colum (Ltd).
Calumet & Hecla
25
Continental zinc
1
•i/Beforepay'tofassess'tscallcdduringlOOl.
152VMayl2
Lowest
Jan 182 May
600
Oct 21% Jan
15
Mar 83 J'ly
3 34 Mav 5
4VMay 6 4 Feb 4 34 Oct
80 122VAur 4 130 34 Apr30 129 V Nov 140 Aug
18,274 25 Jan 15 75 Aprl4 20 Oct 39 Mar
250
7 Nov
7VJ'ly24
9% Feb
9% Mar27
1 244
Jau 2 285 May 9 217 Jan 270 Mar
102 TT183 J'ly 26 332%Apr 9 184 V Jan 288 Dec
1 170
Jan 2 188VMar31 153 Feb 182 34 Nov
30
lVDec 3 34 Mar
2 Jan 6
3% Apr 7
1,40;-
2
British
2Ve Cons Mercur
60 V
61V 61V *28
29
"28V 29 V 29
5
*4V
5
*4V 5
*4V 5
131 131
132 136 •132 136
137 137
3
*2%
3
3
3
8
*2V
«2V
2V
2V 2%
2 3 10 •2Ve
2
2
2%
*V
*V 1
1
1
*V 1
1234
ij
l'J'i
1234 13
12 V
12«4 13% *1234 13 V '12 V 13V
lso 180
I82 182
••177 180
177 180
lso
177 ISO
180
•2
*2
2V
2V
3
*2V 2 V
*2V 2V
*2V 3V
loo
Last Sale .95
*95 100
•95 100
•95 inn
J'ly '02
l
12
•12
12V
4
12
V
12
12'- 12V
V
12V 12V
12 V
V
12V 12V
34 3
35
34% 36
85
34% 35
34%
2is4 21-'
21 34 21 v
22
21V 21V
2 "i
21
2
21
17 V 173,
17
L7V 17 V
17V 17
17
17 V- 1734
17V 17V
"0
21-'4
21 34
2134 2134 *20V
22
21
30V 20V 19 34 2034
6
6^4
6
03 &
6%
6V 9 6 V
*6
6
6
CVa
6V
•4 34
4
4% 4%
4V 4V
4
*4V 5
5
5V
6
CO
GO
60
GO
GO
-59
60
60
61
60
GO
3
3
lo
3
1°,
3
1
• 1 >a
1
IV
1 34
IV
1%
4
4
•IV 1 <
1 4
r>
148 V Feb 11
West End Lund
25
West Telep & Teleg.loo
10
25
19 Centennial
25
J'ly' 02 Central OjI
1-00 Cochiti Tr Co reefs.. 10
4
•2
-
J'ue'02 Catalpa (Silver)
10
19
61% 52V 52 V 53
51
5134
135V 135V137 •136
136V 136V
Last Sale 115
115
J'ly'0|
334
3V
'3% 3%
*3V 3% *3V
3
12
11
12
11
10 4
10 3
10V 10V
3%
3V
3 34
3V 3V *3V
3V
3 38
13 34 14 V
15
15
14V 15
13
12V
18 V •18
18
18V 18V 18V *18
18V
51
135
•115
N EGas&CTrrects.lOO
25
25
25
50
(Dev
Co)...
•67 V Bonanza
10
Apr*02 Boston (Quicksilver) 10
Last Sale 5
553
Highest
87V.)'nel9 97 V Jan 7
72VMarll Pl2VAprl5
*29
'ii3 26 V Marl 1 33 V Apr 4
30
11.
100
91 Feb 28 106VApr 4
Do pref
*100V 102
104
J'ly '02 Westing El & Mfg..
86 V Jan 11 U5VApr
50
104*2 J'ly '02
Do pret
50
89 Jan 29 117 Apr 9
'02
Wollaston Land
Jan
5
1 V
IV Jan 27 1 34 Jau 17
Mining
605 18 Jan 14 24VApr28
25
23
23 Adventure Con
65
25
2VJan 14 4%Mar 3
2V
2V Allonez
16,729
61VMar25 78% Feb 1
67 V Amalgamated CopperlOO
G6V
Km
2'
334 Apr 8
Amir
2 Feb 28
Gold
Dredging
2%
4
J'ne'02
Last Sale 8
8V V90" 8V
•90
1*.
••75
•90
•5l" •86
2%2
2Ve
2Ve 2ii«
2Vb 2V
2Ve
59 V
59
60% 59 V 60 V 69
58V
......
19 V
6134
29
35
••65
"2V
•14
Lowest
788 95VMarl2 104 J'ly 2"
120 259VJ'nel4 266 May
384 161VFeb21 173 V Marl
o 236 J'nel3 248 Apr
191 Jan
209 Apr 28
172 Jan 13 183 Apr 2
17 297VJ'ne20 307 Mar26
253 152 Feb 20 172 Mar2
130 Jan 3 136 Mar2
19934 J'ly 2 202 Jan 27
160 J*ne23 166VFebl0
285 J'ly 1 295 Feb 6
142 Jan 24 148 Marll
172 Jan 7 178 V J'ly 10
1,293 33 V Jan 28 45 V Apr2
233 92 Jan 13 99 J'ne 6
12
26 Jan 15 31 Mar31
48 210 Jan 31 254 Apr 28
170 Jan 14 175 Jan
230 Jan 9 238 Apr
2 20SVJ'nel8 217 Apr
1,456 68 May20 83 V Jan
35" 79 V May 19 91 J'ly 30
20 74 May 16 125VApr23
120 58 Jan 8 90 Mayl3
13a lOSV-T'ne 2 110 Marll
2,957 98 V Feb 28 110VJ'lyl8
85 86%Marll 94 J'ly 25
172 Jan 15 178 J'lv 14
"14
94 Jan 2 99 Marl8
93 112% Jan 2 117 J'nel6
200 19 V Jan 28 34% J'ly 29
39% Jan 28 50VMay27
A.mer Agricul Chem.100 12,087
•14
Am Zinc Lead & Sm.
15
"26V 27V 26 V
26V Anaconda
5
5V
V
5
Arcadian
5V
5
•80
Last Sale 50
J'ly '02 Arnold
30
•29 V 30 V *29V
30 V Atlantic
35
35 V 35 V
35
35 Bingham Con Min&S
334
>
•15
3
19
61
-80
570
•51
5
••50
5
5
»-50
9
20V
8V
14
6734
3
15
lor Previous
Year (1901)
.
67 V
67
Range
1
1902
Miscellaneous
30
90
•141
•90
30
3
15
*8
-11% 13
13
*2
2
•60
15V
18V 18V
14»4
•14
15
LastSale
67 V
3
14
27 V
•26V 27V *26V 27V *26V
2h 8
100
pref
39
23V
23V •23
2 34
*2V 3
*2V
26
•
••40
102V
Do
261V Boston
43
434
Range Since January
Railroads
91V Atch Top <fc Santa FelOO 3,950 74 38 Jan 27 93% J'ly 26
YNH
29 V
89
8
Weekly and Yearly
Week
Albany.. ..100
164 Boston Elevated
100
•238
Boston* Lowell
100
*1»9
200 Boston & Maine
100
J'ly'02
177
Do pref
100
Boston & Providence 100
160 Chic June Ry&USYl 00
ifeo"
J'ly '02
131
Do prei
100
200 Con & Mont Class 4. .100
199
J'ly '02 Conn <fe Pass Riv pref 100
161
288 Connecticut River. ..100
143 l4 Fitch burg pref
i'43V
100
Z7SV J'ly '02 Maine Central
100
40 V
40V Mass Electric Cos
100
98
98
Do pref
100
31
Mexican
Central
100
*30V
236 N
236
& Hart.. ..100
171*2 May'02 Northern N
100
J'ly '02 Norwich & Wor pref 100
233
•210
Old Colony
100
81 Pere Marquette
80
100
-90
91
Do pref
100
*77
Rutland pref
100
•82
84 Seattle Electric
100
•108
Do pref
100
107% 107V Union Pacific
100
•93%
93%
Do pref
100
175
J'ly '02 Vermont & Mass
100
95 West End St
95
50
114
Do pref
50
Wisconsin Central.. .100
*9% J'ne'02
Do pref
100
J'ly '02 Wore Nash & Roch.,100
150
31
23 V
2
•14
19
95
....
4
68 34
23% 23V
3
3
3
•
••10
83
108
29
29V
101V101V 100V102
LastSale
105 109
LastSale
104 108
LastSale
15
*S
90V
rl42V142V
"29
30
102
109
108
•29
•
4 34
38
-90
*2V
*
Slmres
142 V N E Telephone
100
39 Plant Comp new rectslOO
•249
248V248V
249 Pullman Co
100
*9
910 Reece Button-Hole.. 10
9V
9V 9V *9
165 168V 163 168
167 V 169 34 Swift <fe Co
100
26V 26V *26V 27
27 Torrington Class A.. 25
*26V
LastSale 29
J'ly '02
-28V
Do pref
25
•2
2>4
Oil
2
Union Cop L'd & Mg. 25
2V • 2
2
11234 114
113 34 114
113
II334 United Fruit
100 2,099
64
230
5334 United Shoe Mach... 25
5334
53V 53V 54
186
31V 31V *31V 31V *31V
Do pref
25
31V
loo
13V
13V
US Leather
100
loo
20
Do pref
50
U S Rubber
100
I^ast Sale 55 V
loo
J'ly '02
Do pref
loo
1,097
39% 39 34 39% 39 34
U
S
Steel
Corp
39 V
39%
834
89% 89 34 89% 90V 8934
100
Do pref
89 34
....
38
14^4
•25
30
89
4%
•144
-90
*
23V 23 3V
*2V 2 4
G8%
66
*2V 3
23
*2V
66
39 % 39%
90
90
90V
•90
-90
23
82
Last Sale
Last Sale
32
91
EXCHANGE
89 V
Do pref
100
7
8
8 Amer Pneu Serv
*6V 7
50
*6V 7
27
27
27
27
29
28
Do pref
50
3 Amer Sugar Refin.... 100
132% 134V 131 133V 131 132V 131V 132
131
131V
4
120 120
119 34 120
120 120
H9V
Do pref
119V 120
100
119V
16434 165
164 164 34 163 164V 164 164V 164V 164 V Amer Telep & Teleg.100
*1334
14
14
14
14
14
14
14
14
14 Amer Woolen
100
7734 7734
78
78
77
78
78
77 34
Do pref
77V 78
100
*4
'ne'02 Boston Land
4V *4
4V Last Sale 4
4V *4
10
125 125
123 125
125 125
124 124
125
125 Cumberl Telep <fc Tel 100
3
65
67 «e
66
65 V 67 V
66 Dominion Iron & St...
63 V
66V 67V 64V
4
*734
734
734
8
7 34
7 34
7 78 East Boston Land
»7V 8
7%
280 280 •280 285
Edison Elec Ilium. ..100
183 187*4 186 186
184 185
185 General Electric
184V185 •182
100
•184 186
•184 185 •184 185
•184
185 185
186 Mergenthaler Lino. .100
2
Mexican
"2V
2V *2V .--.
Telephone..
10
-2V
•2V
Last Sale 106*2 Mar'02 Minn Gen Elec pref. 100
•UOV
•110V
'110V
*
•89
•
89 N E Cotton Yarn pref 1 00
89V
89V
89V 89 V 89 V 89
88
8S
*6V----
236
109% 107% 108V 108%10858
93V 93
93V "93% 93%
177 •175 177
Last Sale
34V 34%
*28'4
-*87
98
30% 30 34
Last Sale
Last Sale
*82
84
108 108
108V
3
10S 4 110V 108 V
93 V 93 V *93
'175
175 177
95
95
94V
114 114V 114
*82
•108 ....
110 UOV
•93 V 94 V
*175 177
95
95
-*114
98
98
•29 V 29 34
235
211
79V 79V
80
84
288
144V 144 V 144V144V 144V144V
•178 180
'178 180
Last Sale
41V 40% 41
41V 41V 41
'
Sales
of the
'
Last Sale
199
STOCKS
BOSTON STOCK
7
1
1
I
21
j.
Ms
11
"1 34
:v7
1
in
•ne23
•ly25
•ly30
Newstock.
f
Apr
I
8 VMay
12
v Mar
Sep
:
10
44
Dec
1
May
7::
2»«
Assessm't paid.
Fob
sop
Feb
5
'
August
.
1902.]
2,
•ilya.afi.-.Sl
BONDS
Price
BOSTON STOCK EXCH'GE
WEEK ENDING AUGUST 1
to
Nebraska
a-
AtohT
I
Plain
99%
J'ly
Is
99>-j
i03ia"""
1905
199
190
1944
1942
96
i
i
si
1
120
102%
102 4
110
104
Apr'01
T'ne"02
1074 Mav'02
100 4 J'ly '02
100
1084 Apr'02
100% Mar'02
101% J'ne'02
109*8 Sale
109%
ISO's
100
100
130 Hi J'ly'02
110
110
107
105
W
1st 4s... 19411
Det Or Rap ADominion Coal 1st Gs
191:1
Eastern 1st gold 6a
1906
1904
Fitchburg 4s
10958
1304 J'ly '02
130
109
109
W
991-2
110
110
109 %
109 4
115
107
J'ly '02
100%
1104
100 '4
H<» 34
109 =«
Mar'02
Apr'02
J'ly'02
109 4 109 4* 109 4
100% Mar'02
1114 May'02
138 J'ne'02
138 J'ly'02
1927
Fremt Elk<fe Mo v 1st Gs.. 193:5
1933
Unstamped 1st 6s
Gt Nor C B <fe Q coll tr 4s 1 921
Registered 4s
98
80
Sep '01
125% Aue'oo
89 4
89% 89 4
SW
48
98
so
120« J'ly'02
105 4 J'ly*02
100 J'ly'02
100 J'ne'01
1-2
137
137
95 34 Sale
4
95%
94% J'ly '02
95
1921
Note—Buyer pays accrued interest
Low High
99
99
•XY^
99
99
J-J
Kan C
M
"
No price
113
105
A-O
A-O
A-O
118
ACTIVE STOCKS
Monday
July 2 S
09% 70
70
70
124
124
28
124
27%
48
•16
28
48
J
124
28 4
484 484
4
Id
I6I4
16
Wednesday
July 30
Tuesday
July 22
70
70
1254 1254*. ..... 126
28
48
28
48
•16
164
2734
47V
47% 48
'%
%
164
27=8
274
264 26'e
764 764
2534
75 4
263.,
25% 26 4
264 26%
754
76
75
7534
76i.
75
75
34=8
344 34%
*744
34
3%
*4
75
34%
3414
34%
3%
%
3%
744
34 4
334
32
Bid
50
American Railways... 50
50
Bell Telephone
>0
Cambria Iron
Camden <fe Trenton
10
Consol Trac Pitts
50
50
Preferred
Danville Bessemer... 14
<fe
Steel
r
Diamond State
Steel
Preferred
Easton Con
Electric. ..50
Electric of America. ..50
Elec Storage Batt
100
100
Preferred
Gerraantown Pass
50
Harrison Bros pref ..100
Man &
Fair. .50
Preferred
50
Indianapols St
100
Inter Sm P <fc Dvnam. .50
Lit Brothers
10
Little Schuylkill
50
MinehiU & Schuyl H..50
Nesquehoning
50
N Haven
Iron
&
Steel.
34% 34%
•3%
794
5%
33 4
43%
364
454
108'4
79
>
%
46 4
47 4
74
75
s
5K,„
33%
43 4
36 4
45%
108%
Bid
Ask
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
122
123%
Bethle Steel 6s 1998. Q-F
125
51
117
18
%
29
90
95
109
126
Ry (Ind) con 5s '33
St Ry 1st con 5s 1932
Cit St
Col
Con Trac of N J
20
Del &
B Bk
E & A 1st M
8%
90%
1
1 st
5s '33
st 7s '05
5s 1920
.
M-N
& Peo Tr stk tr ctfs
Elm & Wil 1st 6s '10. J-J
145
Income os
484
Eq
76
9
10
II
P
51%
5%
109%
111
RRs 4s g
1914. Q-F 107
Gen M 4 4s g. 1924. Q-F 1104
g
Leh VClst 5s '33.. J-J 110 1104
1st 1948. J-D
2d 7s 1910
Consoles 1923
6
M-S
119
126
127"*
J-D 1244
114
J-D 140
Annuity 6s
87
Leh V Trac 1st 4s '29. J-D "9
10
Preferred
100
Nat Asphalt 5s 1951. J-J
Philad'lphia Co (Pitts). 50
49
494 New Con Gas 5s 1948 J-D 1054
Preferred
50
49% 504 Newark Pass con 5s 1930
North Pennsylvania. .50
Pennsylvania Salt
50
Pennsylvania Steel. .101
Phil German & Norris.50
Phila Rapid Transit. .50
Plnla Traction
50
Rail ways General
10
8usqueh Iron & Steel..
Tid. water Steel
10
NY Ph & No 1st 4s '39 J-J
12% T Income 4s 1939. ..M-N
99 4 99% A o Penn 1st 4s '30. .MN
J-J
Gen M 7s 1903
2% 2~ Penn gen Gs 1 1910. .Var
"l2%
6
Um:ed N J RR&C.lOo 2824
Pow A; Trans
25
"Unit
7
!83
45
Preferred
50
50
Steel. 10
Westmoreland Coal. ..50
*
68
76
1014
N
United Trac Pitts
Warwick Iron At
West Jersey & SeaSh.50
102 4 104
90
116
120
ConsolGsc 1905. ..Var 107
Consol 5sr 1919. ..Var 122
Penn & Md Steel con Os.
Pa &
Y Can 7s '06. J-D 111
A-O 115
Con 5s 1939
A-O 102
Con 4s 1939
f
69
i
Penn Steel 1st 5s '17 M-N
People's Tr tr certs 4s '43
Bid and asked prices; no sales on this day.
Ex Imp M 4s g '47. A-O
Oon M of '82 4s '37. J-J
Terminal 5s g 1941 .Q-F
W & B col tr 4s '21 .J-J
2862. A-O
88
Ry 4s. 1933 87
Nav 44s '14 .Q J 1114
Leh V ext 4s
M 7s 1911
J-D
M 0sgl911....J-D
117
115
99 \ 994
Indianapolis
61
65
993
3,165
12,419
1,609
Rochester Ry con 5s 1930
S R E Side 1st 5s g '35 J-D
U Trac Pit gen 5s '97 J-J
Welsbach s f 5s 1930. J-D
H & B Top con 5s '25 A-O
104
54
6,213
2,933
30,275
Read Co gen 4s 1997. J-J
Gas-L 1st g 5s 1928
Lehigh
650
136
109%
F-A
Elec
74
Con
Con
ChecfeDCanlst5s'16J-J
1174
Choc & Me 1st 5s 1949 J-J
Ch Ok & G gen 5s '19 J-J 1104 HI
%
1,779
A E gen M 5 g '20. A-O
Gen M 4s g 1920..A&O
Ph & Read 2d 5s '33.A-0
1
06
10G4
121
108
1234
U134
BALTIMORE
Inactive Stocks
Atlanta & Charlotte. . 100
Canton Co
100
Georgia Sou<fe Fla...l00
1st pref
100
100
100
2d pref
G-BS Brewing
Mt Vernon Cot Duck
Unit Elec L & P pref. 50
1
&
Pot5s
Atl& Ch 1st 7... 1907 J-J
Atl Coast L(Ct)ctfs 5s J-D
BaltCPasslst5s'll M-N
Bait
Fundg
5s. 1910
M-N
Apr'02
1074
112
May'01
102
F-A 106
M-S
m
67%
104
105
104
102% 1023*
128%
125
106 58
100
102
105
107 J'ne'02
100 J'ne'02
102 Mar'02
100 4 106 34
M-N
104
104
4 107%
107=8 109%
1054 107 4
10
102% Mar'02
125% J'ly'02
J-J
107
101%
IO334
107
108% J'ly '01
J-J
103=8 Apr'02
M-N
M-N
M-N
M-S
M-N
102%Nov'01
1004 J'ne'02
102
103=8 10358
104% 109%
10'tij
109'.,
1004100%
108 J'ly'02
105 4 Dec '00
103=8 J'ne'02
105=8 Sale
J-J
J-J
Daily,
107
108
1034103=8
105% 105=s
87% J'ly '01
119% Mar'02
IS 103 34 10G
4
119% 11934
Weekly, Yearly
Mange Since January
I
Bid
Range
190'}
3
Lowest
72% Apr 18
1254 J'ly 29
28 4 J'ly 28
2% Feb
3
58 Jau 6534 J'ly
88 4 Jan 1064 Dec
9 34 Jan
304J'ne
24% Jan
Dec
184 Mar
Apr 28
%Dec
4 Apr
2% Jan
1
38% Jan
2
4% Jan
2
% Jan 29 1% 8 Feb 7
Apr 2 2 4 J'ly 9
7334 Jan 14 8034 J'ly 25
3 4 Jan 27
5%AprlO
34
26% Marll 34% 6 J'lyl8
Mar 6 43% J'ly 17
Jan 14 37 Apr 22
32 Jan 6 46 34 Aug 1
1014May28 126 Feb 8
24 Jan 31 404May29
40
30
Ask
Highest
504Jan 2
17 Marl5
23
33 4Mayl7
tor l*revious
Year (1901)
Highest
Lowest
14
54 a4 Sep
%Mar
Mar 31% J'ne
374Jan 8234 Nov
45 Feb 59 34 May
204 Dec 384 Apr
40 Feb 804 J'ly
62 4 Jan 79% Apr
284 Jan 393H May
3% Dec 7% Jan
1534
%Dec 84 Feb
Jan 16 Feb
May 81 Apr
4% Dec 8 3s Feb
12 4 Jan 28% Dec
344 Jan 41% Dec
19 Jan 32 4 Dec
244 J'ne 37 Jan
113 Sep 128 4 Jan
1
69
38
Dec
BALTIMORE
55
Bid
112% Chas Ry G & El 5s '99 M-S 934
Chart C <fc A ext 5s. '09 J-J 120
2d 7s
1910 A-O 110
Citv& Sub lst5s..'22 J-D 1144
108% 109% City At Sub(Was)lstf>s'48 102
131
Col&Grnvlst0s.l916J-J 1194
1254 126
Consol Gas 6s. ..1910 J-D 112
1939 J-D 114
1184 119
5s
1094
Ga & Ala 1st pf 5s. '45 A-O
109
GaCar&Nlst5sg'29J-J iii%
125
126
Georgia P 1st 6s... '22 J-J 1254
1074
GaSoArFlalst5sl945J-J 1144
"98%
534
97%
G-B-S Brew 3-4s 1951M-S
10034 1014
66
664
121
2d income 5s 1951 M-N
KnoxvTrac 1st 5s '28A-0
LakeR El 1st gu5s'42M-S
111
Incomes
New Orl Gas 1st
101
1024 104
48
52
994 101
83
16 34
85
17
104
IO34
40
42
101
102
1124
118
108
123
110
1234
112
'
1174 119
120
101
48
125
Ask
944
mm
115
1024
120%
1124
1144
112%
126
11434
102
834
484
5s. .Var
Npt N&O P 1st 5s'38 M-N 109
166
Apr
534
434 44
117
1104 117
734 73% MetSt(Wash)lst5s'25FA 118
Mt Ver Cot Duck 1st 5s. 83
Exchange 34s 1930 J-J 1104 111
Funding 3 4s 1952.. J-J
1 1 1 A-O
Bait & P 1st 6s
1st 6s tunnel. .1911 J-J
Bait Traclst,5s..'29 M-N
No Bait Div 5s 1942 J-D
Convertible 5s. '06 M-N
Central Ry 6s. ..1912 J-J
Consol 5s.. ..1932 M-N
95
111
3
103
103
52
104
105
103
107
Feb '02
1074
F-A
J-D
F-A
Bonds
Anacostia
i
81
84%
30% 35%
20% 244
82
J'ne'02
Mayl7 27% J'ly 28
70 Jan 10 83 4 Apr 2
53 Jan 16 6034 Apr 10
10,915 214Mar20 36 Apr 29
1,648 664 Jan 3 80% Apr 29
323 71 AprlS 78% Jan 2
112% 1144 P
1
994
97%
Friday; latest bid and asked this week.
24,108
Phil Elec gold trust ctfs.
Trust certifs 4s
2
]
4 115%
105 105%
128 130%
1
.108% 107=8 J'ly '02
105
%Feb
PHILADELPHIA
114%
98
84
92
108
P Co lst<fe col tr 5s'49 M-S 112
Al Val
474 47% Berg&EBrw 1st 6s'21 J-J 108
14
3%
%
79 4
PHILADELPHIA
Ask
54
5
3 78
82
33
107% May'02
Do
Do pref
50
14
50
79% 794 79% Pennsylvania RR
5 4 ",%„
5% Philadelphia Electric. 25
5%,)
50
339,«3:03,,..
33% 3334 Reading
Do 1st pref
50
43% 433h 43% 43%
3
*
Do
36
2dpref
50
3
6
36% 86%
4
%
50
46
46% 40% 46% Union Tracton
3
108 4 108% United Gas Impt
50
109 109
*35
37 WelsbachCo
100
*1
.
Hestonv
4 344
Bonds
Inactive Stocks
10
American Cement
AJtier Iron
*74% 754
26
26%
75 4 7534
*75
76
34
37
PHILADELPHIA
26
264
75 4 75 4
10G
123%
105 J'ly '02
128 J'ly'02
105 14 May'01
A-O
Philadelphia
American Alkali
"264 264
105
114
2234
355 624 Jan 28
100
148 104 Jan 7
50
100 7,815 2334 Jan 24
100 4,455 44 Apr 2
Do pref
47%
504 14% Jan 27
164 United Ry & Electric. 50
50
50
50
ChocOk<fcG tr ctfs.... 50
Do pref tr ctfs .... 50
Consol Lake Superior.. 100
Do pref
100
50
Lehigh Coal & Nav
Lehigh Valley
50
100
MarsdenCo
National Asphalt
50
1
93
92=»4 Mny'02
110 4 J'ne'02
105
103
F-A
J-J
102
101% 1 12
1334
984
934
A-O
A-O 104
J-J
High
101
132=8
214J'ne'02
J-J
99 Oct '01
J-J 1044
104 Mar'02
F-A 103 Sale 103
103
66I4
J-D
65% Sale 65 4
A-O 103
104 Apr'02
Sales
the
pref
Cambria Steel
984
34
21\t
J-J
J-J
Loxu
1174Feb'00
814 83
Baltimore
*70
70% Consolidated Gas
125 125 4 Northern Central
27 4 27 34 Seaboard Air Line
47 %
*16
AV-
1014
132»8 J'ne'02
106
10G
114 J'ly'02
125'8 125=8
106
J-J
(For Bonds and Inactive Week
Stocks see below)
Shares
Friday
Aug. 1
"•a
%
1094 108% 1094
109
109
16
16
1
109
"36
28
274 X264 26%
27
4
1*4
1
1
79i%6
804
80=8
794
803*
803s
5=8
5 34
5i%e 513 16
5%e 5%
33% 6 33» 16 33 4 33\ 33%„ 33%
•43% 434 43 4 43 4 43 4 43 4|
36436i%e|
•363s 364 "36 4 36%
45=8 45 34
45 'a 46
45% 46
1
704
1254
27=8
47=8
'16
27%
76
75
-6934
-12434
I
2734I
274 274
27=8
July 31
70
70
I
Thursday
High
113% J'ly'02
J'ly
J'ly
oj
Saturday
July 26
Since
Janua r a 1
J'ly '02
101%
113
J-J
J-J
Exchanges— Stock Record,
Share Prices—Not Per Centum Prices
102
A-O 110
NY&N
in addition to the purchase price for all Boston Bonds.
Philadelphia and Baltimore Stock
Ask Low
1014....
J-l)
Range
Range or
M-N 1254
M-S
98
Marl934 Spl
93 Sale
Income 5s
7f
104
Week's
Last Sale
A-O 1014- ...
A-O
A-O 105 107
Old Colony Tr Co rects
Ry & Br 1st 5sl929
<fe
S3"" "ii84 KanCStJo&C B 1st 7s.. 1997
gr 1st 7s. .. 1905
Sm-ld
56
824 L R & Ft
L20 121% Maine Cent cons 1st 7s. ..1912
in:, '-in" 4
1912
Cons 1st 4s
Mara Hough & Ont 1st 6s. 1925
99%100
Mexican Central cons 4s. .1911
Jan 1939
1st cons inc 3s
Jan 1939
2d cons inc 3s
1929
85
904 MichTeleph cons 5s
Elec
con
5s 1929
Gen
Minne
g
1024104%
1929
New Eng Cot Yarn 5s
104 1944 New Eug Gas <fc Cist 5s. .1937
1990
10741074 New EngTeleph6s
1907
100 Hil'«
Gs
1908
Gs
108 41 os
loo 10014
1915
5s
1905
Englst7s
10141024
1905
1st 6s
1924
Old Colony geld 4s
108 110
100 1014 Oreg Ry & Nav con g 4s.. 1940
1st
Ga
1922
OregShLiue
1294132
g
128% 1314 RepubVallev 1st s f Gs... 1919
1902
Rutland 1st 6s
109 110
Rutland-Canadian Ist4sl949
109 110 l4
1930
Elec
1st
5s
g
1094 IO914 Seattle
1918
Torrington 1st g 5s
114% 115
106 10714 Union Pac RR & 1 gr g 4s. 1 947
1911
1st lienconv 4s
994101
1903
Vermont & Mass 5s
1094111
West End Street Ry g 5s. .1902
109 4111
1914
Gold 44s
100% 100%
1910
Gold debenture 4s
11041114
1917
138 139
Gold 4s
138 138
Western Teleph & Tel 5s. 1932
80 94
96% Wisconsin Cent 1st gen 4sl949
94
96% Wisconsin Valley 1st 7s. .1909
104
Price
Friday
Aug. 1
Bid
deben 5s
1910
Non-convert deben 5s... 1913
la Falls* Sioux C 1st 7s. .1917
Kan C Clin & Spr 1st 5S...1 925
Kan C Ft S &Gulf Ist7s..l908
1928
Kan C Ft Scott & M Gs
1934
KanCM& B gen 4s
Illinois Steel
100
119 Dec '01 ""3
102 4 102 4
li'2" i.03%*
95',
1
95%
91 7s 99%
104 4 Apr '00
13S
102
January 1
Loiv
High No
LOO J'ly'02
9914
99^ "35
Sale
Sale
98
boston stock exch'ge
Week ending August 1
since
^5 -C
126% Apr '01
9:1
Jan '02
101 Apr'02
115 4 Aim'01
Bust & Mon 3d issne s. 1904
Boston Terminal 1st 34s. 194
Boston United Gas l-t 5s. 1989
1939
ados
Bur a- Mo Riv ex 6s
1918
1918
Non-exempt 6a
1910
Statins mm! 4s
11U7
Butter- Boston 1st 0s
Cedar Bap & -MoK 1st 78.1916
2d Ts
1909
Cent Vennt 1st g4s..Mayl920
Chic Burl At Q 1st 7s
1903
Iowa Div 1st 5s
1919
Iowa Div 1st Is
1919
Debenture 5s
1913
Denver Exten 4s
1922
Nebiaska Exten 4s
1927
st 4s
B At
1921
Div
Illinois
1 949
34a
Joint bonds See Gt Northern
Chic Jc Ry & Stk Yds 5a .1915
Coll trust refunding g 481940
ChMil & St P imii i, r.s. 1920
Ch M & St P Wis V div 6sl920
ChieAr No Midi 1st ga 5s. 1931
Mich gen 5s.. ..1921
Chic &
Concord & Mont cons 4s.. 1920
Conn<fc Pass R 1st s 4s... 194:1
1927
Current River 1st 5s
1
233
BONDS
1 hinge
Is
or
Last Sale
99ial00
1st 7s.. 1908
e pen
>p<S S
Adjustment g la
Boston a- Lowell 4<
Boston & Maine 44a
Week's
Ask
Hid
1
Boston Bond Record
Range
Friday
Aug. 1
-.
Am Bell Telephone 4s 1908
Am Telep a Tel ooll tr 43.1929
An-h
4
.
Norfolk St 1st 5s '44. .J-J
North Cent 44s 1925 A-O
J-J
6s 1904
Series
5s 1926. ...J-J
Series B 5s 1926. ...J-J
Pitt Un Trac 5s 1997.J-J
Poto Val 1st 5s 1941. .J-J
Sec Av T(Pitts) 5s '34 J-D
Sav Fla & West 5s '34 A-O
A
Seaboard A L 4s 1950 A-O
s. ah & Roan 5s 1926. J-J
South Bound 1st 5s. .A-O
UE1 LArP 1st 44s'29 M-N
Un Ry& El 1st 4s '49 M-S
J-D
Income4sl949
Va Mid 1st 6s 1906. -M-S
2d series 6s 1911. ..M-S
3d series 6s 1916. .M-S
4th ser3-4-5s 1921. M-S
5th series 5s 1926. M-S
113
112
104
120
120
110
114
1154
118% 119
113
864 86 34
1134 114 34
1124 113
86
97
87
974
704 70%
106
11s
120
116
116
1014 Va (State) 3s new '32. J-J 95% 964
964
Fund debt 2-3s 1991. J-J 96
West. N C con 6s 1914 J-J 117
1174 120
WesVa C&P 1st 6g'll J-J 113 1134
Ext& Imp 5s. 1932 M-S 117
Wil & Weld 5s. .1935. J-J 118
Chas City Ry 1st 5s '23 J-J 105
—
4
.
5
THE CHRONICLE
234
Gas
Volume
Slocks
eek^tidtna
AWi-1
19U2
Railroad
State
V S
Bonds
Bonds
die
Bonds
Par value
Shares
$38,058,400
78,148,600
70,405,300
64,026,300
56,028.500
34,750,000
$1,263,000
2,429,500
3,070,000
2,600,000
2,115,000
1,082,500
$2,000
10,000
3,538,338 $341,417,100
$13,160,000
$12,000
389,466
805,831
744,910
661,231
576,738
357,162
Saturday
Total
Jackson Gas Co
5s g 1937
Kansas City Gas
5s 1922
WEEKLY AND YEARLY
DAILY,
1
to
Aug. 1
State bonds
RR. and ims. bonds
Total bonds...
13,160loo6
$1,000
32,000
6,452,000
$559,300
1,360,400
552,480,400
$1,312,270
2,173,900
687,438,500
$13,172,000
$6,485,000
$554,406,100
$690,924,670
$12,000
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Philadelphia
Boston
Weekending
Aug. 1
iyu2
Listed
shares
Thursday
6.444
11,584
12,569
10,798
8,24 7
Friday
10,03'J
8,254
27,397
29,656
14,043
7,096
9,885
60,274
96,331
Tuesday
Wednesday .
Total
Bond
Unlisted
shares
sales
Listed
Unlisted
Bond
sliares
shares
sales
$29,240
32,000
47,425
67,850
56,500
63,000
12,010
24,536
39,466
11,813
33,027
22,448
4,055
7,164
3,246
1,380
3,691
$42,500
65,000
91,781
20,875
73,800
40,100
$296,015
143,300
25,775
$337,056
6,23'J
Weekly Review
ol
CITY
Bleeck Stcfc Jfui F stk 100
J-J
lstinort4s 1950
B'way & 7lh Ave stk. 100
r -D
lstmort 5s 1904
34% 36
101
250
Dry
DEB&
Exch
11
101
i
i
265
H22
101
185
Exch
120
114
103
400
1st gold os 19*2. ..J-D
F-A
Scrip 5s 1914
Eighth Avenue stock 100
F-A
scrip 0s 1914
42d& GrStFerry stk 100
42d St M <fc St N Ave 100
lstmort 0s 1910. ..M-S
2d income 6s 1915. .J-J
LexAv & Pav F 5s
See St
Avenue
105
407
70
112
99
t
Emp & Bay State Tel 100
Franklin
100
Gold& Stock
100
4%s, 1905
Hudson River Teleph 100 108
New Eug Telephone See Bosto
Northwestern Teleg... 50 122
X Y & N J Telephone 100 175
M-N 112
5s 1920
Pacific <fc Atlantic
80
25
Providence Telephone. 50 tl09
95
Southern <fc Atlantic. .25
Tel Tel & Cable ol Am.15 t..~
1.
Stk E
200
217 %
8105 %
3118
Indianapolis St Ry S
C Hob& Paterson..loo
101% 4s g Nov 1 1949. ..M-N
109% Lake St (Chic) Ei stk. lou
J-J
Deb 5s 1928
list
Louisv St Ry 5s 1930 J&J
115
Lynmfe Bos 1st 5s '24. J-D
L02
Minneap st Ry Ss See Stk
2 75
.\
a Orl Rys Co (w i) loo
125
Preferred (wh iss).100
220
liil%
50-yr 4%8 (wh issued).
1:111
North Clue Sir stock. 100
J-J
1st 5s 1909
list
130
North Jersey St stocklOO
194'8
M-N
4s
Llti
104% Pat Ry con Os 1931. .J-D
V-i.
2d 6s 1914
410
loo
Rochestei Ry
109
l'JO
100
Preferred
NY
W
stock. .100
ii
'
,
107
108
Exch
list
list
400
1st 5s 1903
J-J
5s ci'ti's indbt 1903. .J-J
101
101
103
5s 1939. J -.1 115
10
Gr St&N ew 1st 5s '06 F-A 103%
Gr'pi &Lo rimer St 1st Os 105
Kings Co. Elevated
1st 4s 1919 See Stock Exch list
Nassau Elec pref
100
85
5s 1944
A-O 113 115
1st 4s 1951
J-J
87% 90
Wb'g& Flat 1st ex I %s. 105 106
Stein way 1st 6s 1922. J -J 4 118 119
1
:
i
103-i
06% 57
89 34 90%
so
102
105
,
.1
1
1
1st consol is 1948. .J-J
Nl'G EL11&P See Stock
NY&
East River
116%
4108 111
Stock Exc
stk E \ list
335 350
113
114
L08
12
LO
1
108
130
150
1
93%
Preferred
100
Baltimore coiisolidat See Hall
state
l a4
Gas
60
Bay
iinghamtnii Gas 5s 93
nited las bonds Bosto
11%
B 11 Halo City Gas stock lot
1st 5s 1947
A-O
Chicago Gas See NY" stk Exch
•riinnnatiGasifc Elecloo 102°s
Col Gas L& Heat com] 00
99^
100 107
Preferred
Col Gas 1st 5a L932 .1.1 10778
Consul Gas (X J> stk. 100
16
as
List
2
ii
1
<
1
1
1
!
n
list
12
-
1
'-.
list
L02»i
100
10734
i
City)—
M-N
1st 6s 1904
Detroii City Gas
ort
See St
'/
31
57
(
1
lee
103
Exch
t.
it Hudson las luu
w ayne 6s 1925. .J-J
Essex
E
17
87% 90
J.J
(J
104
list
31k
60
BergenColOO
14%
108
101
I
;
I
1
1
1
Price per share.
oston
t
Sale price
12
52»4
105
91
t
t
Coal.. 50
it
63% r..-|%
99% 103
125
125
27% 28
t
150
165
15
117
120
18% 20
60
62
47
50
68
7
1
95
2
LOO
3
35
40
5
10
105
106
19% 20
72
200
75
202
11H; 13
Exch
102
150
150
160
x v
:\i
Xew
tgi
.v
S(
.1
.1
114 116
110 L3
24 *4 L7
60
61
L911.M-S
curity.100
100
1
lurk Duck
Preferred
loo
Realty Corp
loo
I cansportatiou.. .20
N icholson E Lie '0
loo
N Y
NY
t
Hit Usburfi
1
;i
i\\ .11-
t
t
1
RapTSubi iper30pdl00
BakPowd pref.100
Kussell a
:
list
list
i.rwin
25
Hi at A^ Lt 1011
tlardw coin 100
Preferred
2d preferred
100
loo
ant Milling
Preferred
LOO
luu
LOO
L2%
5314
107
1
".
lei
102
28 "s -s'4
17*4
47%
26
90
20
t
Swift
105
130"'j
160
140
138
250
2
65
8% 10
55
14
3
1
82%
.
&
<S
L02
L910-1914....J-J ,101
iper
25
16% 17%
I'.n in'
uai.ioo
90
m
1
'
6a L908
\
110
I
.'1
6
65
1
L§
I
"a
8106
rust. ..100 660
Title Guar a
Title Ins Coot X Y..100 1
iitiiiil'iitleiiescoinlOO
as
rn tei red
100 loo
Trow Directory new.. loo 70
10 t
Union loppei
334
Union Steel A. Chain. 100
20
loo
40
Signal 50 t 90
:>'j
Preferred
100
m ypewr 00m. .100 112
lst preferred
100 127
2d preferred
100 125
lopper Co
See Bost
United
luu
U s Cotton Hack
14%
10
U S Envelope com. ..100
I'n ;. rred
70
100
Lst
49
100 % 1U2
140
70
100 120
L25
L*
60
Co See Huston st k Exc ii'-o
Tcnii
Texas
L06
151
m er
'4
100
_.->
1
160
Proferred
9
315
204
201
120
105
01
32
si
5s
Stan, lam Mil of
94
'4
90%
98
340
Royal
103
ISO
1
35% 36
100
i
list
l
100
100
50
rred
50
list
loo
Exch Pittsburg Coal
Preferred
loo
List
Pitts Plate Glass
loo
Pratt <V: Whit u pre!.. 100
Procter & '.amble
100
loo
Preferred
95
50
182% 187%
10% ll 4
145
4
4
8
4
8%
7%
t
3
7
90
%
t
'
Biscuit 6s
"*
liver
42
list
101
(
..
N
Klevator com
Preferred
1
1
'
165
25
115
.
» Tt
S3
50
I
1
1...
,1
1
'.
1
1.,
i
49
X J. .100 OSS
1% Standard Coupler ooni 100 31
8%
1%
11
51
9
Nor Am Lum'r&PulplOO
36
Typefo'rs com.. .100
41
46
Preferred
100
96 100
Woolen
\1111r
See Stock H\rh Hat
inn t Writing Paper. 100
4 7s
Preferred
17^4
100
74 '4 7
5a 1919
m a A sin Car
loo
Preferred
loo 128 128
Bliss Company com
50
Preferred
50 140 145
I'.umlA Mtgt iuar new 100 350
Burden's Coml'Milk.. 100 103
I'll trUl'il
LOO
111
Brit Colum Cop See Bosl Stock Exch
iliilmd Co
LOO
(lit Fireworks cum. uu
22
..loo
Preferred
65
07
antral Foundry
100
2% "
12%
13
Preferred
LOO
inesebrough Mfg Co LOO 450
170
clallilKH B) 1st prel LOO I. hi
102%
100 L02
LOO
2d preferred
loo
common
98
101
1
t
1
42
7
15
l 1*
<
Am
i
6%
14
:,
50 165 175
American surety
Am strawboardrectslOO 37%
Bonds Os
F-A 100
Amer Tobacco com... 50 298 312
Preferred
LOO 145
1
I
i
Shipbuilding. ..100
Preferred
loo
Am Soda Foun com., loo
100
1st preferred
2d preferred
38%
37
Tract. 100
100
Amer
LO
1
Hiu
115
rami Rapids
107
8234 84 \
1st as L915
F-A $104%
50
:.l
Hartford (01 Gas L...25
51
uu
105% 107
Hudson Co Gas
85
ila list
5sgl949
M-N 4103 104
Indiana Nat A> 111 Gas—
8108 111
1st 6a L908
Exch lisi
M-N 48
52
interest.
American Screw
CITIES
<fc
H
10
Amer Hideife Leathei' LOO
Preferred
LOO
Os See stock Exch List
Amer Press Aasoc'n. LOO
M-N 5115% L16%
1st 5s 1930
Light
See
Preferred
Gas—
100
OTHER
Chem
Hank Note Co. ..50
merican C;m com. ..loo
Preferred
100
American Chicle Co. .100
Preferred
1 00
American Elevated
Amer Graphophone...lO
4112% 113
Exch list
1st 5s 1944
JJ
Consol 5s 1945
J.J
Nor Un 1st 5s 1927. M-N
coin
Standard Gas
LOO
Amer
Auric
28
29
50
25
40
12 '4 12%
9=8
Preferred
50 t 39 '„
Mont & Boa Cop See Bost on Stk 1.x
Mosler Safe Co
loa%
100
^0
9
National Bread
100
Preferred
92%
100
29
30%
National Carbon
100
4
105 '4
Preferred
100 102
Nat Enam'g & Stamp loo
29% 30
s7
Preferred
loo
86
\ iv Eng
snl lee. 100
31
32
100 140
National Surety
\
33
en1 ial 'nal
20
38
'
\
Cent Union Gas 1st 5s...
c
las N \ (stock N v
Equil Gas con oa 1932 Si
M utual Gas
100
New Amsterdam Gas
J104% 106
220
Exch list
Buyer pays accrued
i
.'1
1
95
7L
114
88
'•_
A; 23d Sts Ferry 100
75
1st mort os 1919. ..J-D 8105
L08
Union Ferry stock. ..loo
44% L6
1st 5s 1920
M-N 8 98
98%
list
16
New Jet 'sej
69
8112
*j 7»
list
:
10th
8112
NEW VOUK
CoUsum Gas
5115
6 % L18H
<fc
1940
110
i
T'J
Preferred
lou
Lanston Monotype
12
20 t 11
Lawyers Mort lnsur.100 240
Law yera' Surety
100
Lawyers' Title Ins.. .100 425 435
Lorillard (P)prei
loo 125
Madison Sq Garden. .100
14
19
2d 6s 1919
M-N 55
Transit
Manhattan
20
i-.'s
6=s
\ [11.1-
1st 5s 1936
OTHER CITIES
Buffalo Street Ry—
1st consol 5s 1931. .F-A
Deb 6s 1917
A.O
Chicago City UK stk. loo
Chic UuionTrac See St'ci
Cleveland City Ry. ...100
Cleveland Eleclr Ry. lnii
Columbus (O) St Ry..l00
Preferred
100
Coluni Ry con 5s See Ph
Crosst' wn 1st 5s '33.J-D
Detroit United RyffeeStk
4 1 1
J-D
on 5a 1946
1st 5a
Am
Preferred
104
105
N
1
New York
''•"-
8103
(•as Securities
list
350
Hob Fy 1st 5sl946M-K
26
82
list
L08
80
93
Kill
85 34
International Salt certfs.
Internat'l Silver See Stk
6s 1948
J-D
Iron Steamboat
25
John B Stetson com. .100
Monongahela
1
BKOOKLYX
1
List
l-.xeli
I
Atlan Ave 5s 1909..A-O 5103
A-u 114 11s
Con 58 g 1931
Impt 5s See Stock Esc list
E 5s 1933. .A-O 102 % 104
BB&
Brooklyn City stock... 10 2
4 248
Con 5s See Stock
Bklu Crosstn 5s 1908. J-J
Bkn Hgta lst os 1941 A-O
Bkln o, Co & Sub See Stk
Bklyn Rap Trau See Stk
Coney Island& BklyulOO
Phi la
25
bl l4
8
1
M
W
52
97 %
19
115
'i
1
BrkCifc
1
J
Ask
2%
19
21% 21%
Mex Nat Consume. pilOO
16
113
Railroad
190
Chic Peo <fc St L pref. 100
13%
5104 105
Prior lien g 4 %s .-;o.M a > 4106
34% 35%
Con mtg g 5s 1930. J &
84
85
Income 5s 1930
32
8126
42 c.
ch R l& P new (wh Lsa
4100
Newpref (when u
78
05
Coll tr bonds (wh isa
90
100 101
Denver <v Soutli'u ... 100
45
Con 6s 1930
A-O 8110 .• 112
75
K C B"t Sc<fi Memph 6V e
tk Kx
J-D 3 104 Hi
2d os 1933
L13
Mix Nat-Nat .it Mex .•>«<
100
So Side El (Chic) stk. 100 110-% 112
Nor<feWest-Poc is^'ei Stk Exch
lisi
Syi acuse Rap r 5s 19 16
L04
Northern Securities.. 100 xlOO
31
L
list
Unit
Rys
Trans)
LOO
x
(St
33 "a
iregon short Line 4s w t
lou
84 s4
Preferred
x list
Pitts Hess A; J. E
50
35%
J-.i 8 87*4
Gen 4s 1934
205
87 \
Preferred
50 f 74
Unit Rys San Fran SUbS. 101% 102
219
Seaboard Air Line Se< Halt
Common when Issued
106%
23% Industrial and Misccl
Pre 111 red( when issued/
03 =„ 64
119%
91
4s 1927
92 % Acker Mer<& Condit...6a 100
L85
96
West Chicago St
100
Alliance Realty
114
97
100 120
Cong 5s 1936
M-N 4100 100% Amalg Copper .it -e stock Exch
110
180
Sou Boulev 5s 1945. .J-J 4111
1919...
A-u
4108
SoEerlst 5s
Third Avenue See Stock Exch list
Tarry
P & 6s 1928 108 110
¥kersStRR 5s 1946A-0 111 114
28th & 29th Sis 1st 5s '96 'ill;! 1 ; L5
115
Tweniy-Third St stk. 100 4oa
J-J
102
106
Deb 5s 1906
Union Ry 1st 5s 1942 i-'-A 118% 119
Westchest 1st os '43 J-J 110% 114
Sixth
7
5%
o>4
I
Chicago Edison Co. ..100 170 180
Edison El HI Brk 4s
Stock Exch
Hartford (Ct) Elec Lt 100 198
KingsCp Elec LdiPColOO 200 206
Narragan (Prov) El Co 50 1105 110
NY<& y El L&PowColOO 42
Preferred
80
100
Rholsl Elec Protec ColOO 125
United ElectricolN J100
1414 15
J-D
693.*
7014
4s 1929
Brooklyn Ferry stocklOO
NY<fc Hist 6s 19 11. J -J
mi os 1948 See Stock
Metropolitan Ferry os..
N S & E U Ferry stk. 100
1st 5a 1922
M-N
N v it Hoboken stk. loo
60
20
2
16
104
67
Preferred
Electric Vehicle
Preferred
Companies
Electric
Sj
Exe
Stk
Street Railway.*
Bid
50
Grand Rapids Ry..„100
Preferred
100 X 96
1
214
Bat stk 100
Metropol Securities See
Metropol sunt lly See
Ninth Avenue stock. 100
Second Avenue stocklOO
lstmort 5s 1900. .M-N
F-A
Consol 5s 1948
101
50
105
175
115
78
47
120
Commercial Cable
100
Commer Uu Tel (N Y).25
100
100
100
100
98
93% Electro-Pneum'icTraulO
Empire Steel
100
100
100
37% Preferred
mral
Chemical
100
87h
Preferred
1 00
Gorham Mfg Co com. 100
Preferred
list
100
Greene Consol Copper. 10
111
Guggenheim Explorati'n
104
55
tlacken sackMeadowslOO
Hall Signal Co
100
107
Havana Commercial. 100
184
Preferred
100
Havana Tobacco Co (w i)
84
Preferred w i)
55
Hecker-Jones-Jew'l Mill
123
M-S
ls1 6s 1922
Herring-Hall-MarvinlOO
112
1st preferred
n list
100
2d preferred
126
100
Hoboken Land <fc ImplOO
180
M-N
115
5s 1910
Houston Oil
100
85
Preferred
100
100
Internat'lBankingColOO
9%
8%
Electric Boat
Kerry Companies
102
253
101
108
2(1
N&
106-4
65
50
10
55
>
Telephone
1
Ask
Bid
NEW VOKK
J-J
moi't 5s 1914
Con 5s 1943 See block
B'way Surf:1st 5s gu 1924
2d 5s int as rental 1905
Cent'l Urosstown stk. loo
M-N
lStM 6s 1922
E Riv stk 100
Ceu Pk
J-U
Consol 7s 1902
Christ'rifc 10th St sik lou
Stock
See
Ave
5s
9th
Cohfc
87
&
ist
22
54
373s
BeUTeleph ol Buffalo 100
So Amer. ..100
Chescfc PotoTeleph..lOO
5s 1909-29
J-J
Central
Outside Market will be found on a preceding page.
Street Railways
1
50
107
96
92
99
A SIC
60
Diamond Match Co See Exch
Dominion Securities. 100
26
list
Amer Dist Teleg-SeeSt ock Exch
Outside Securities
A
»fc
Bid
l
J-D
1926
Providence Gas
50
St Joseph Gas 5s 1937.J-J
StPaulGas Gen5s'44M-S
Syracuse Gas 5s 1946.J-J
United Gas<fcElec,NJ 100
Preferred
100
Telcgr
—No. shares
BONDS
Government bonds
A-O
Laclede Gas
100
Preferred
100
Lafay'eGaslst 6s'24.M-N
Log&WabV lst6s'25.J-D
Madison Gas 6s 1926.A-0
Newark Gas 6s 1944. Q-J
Newark Consol Gas.. 100
5s 1948 See Stock Exch
1901
192,890,356
104,367,831
2,389,206
3.538,338
$341,417,100 $234,520,150 $9,859,209,900 $18,778,135,125
Par value
$124,475
$399,700
$3,500
Bank shares, par..
Stocks
100
<fc
1902
1901
1902
50
A-O
1st 6s
New York
Exchange
Ask Industrial and Miscel
Coltfc Hock Coal&Ipf 100
70
78
10234 104%
J-J
1st g5s 1917
Coni[n essed Air Co. ..100
75
Consolid Car Heating 100
5101% 103
Consol Firew'ks com. 100
12
20
Preferred
loo
102 104
Cons Ry Ltg&Refng. 100
89
Tire.
Consol Rubber
.100
110
Debenture 4s
OS
59
53% 56 Continental obac deb is
Cramps' Sh<fe l.u Hklgloo
i 107 Hi 109'
Crucible Steel
100
4140% 141
Preferred
100
70
09
Bid
New Eng Gas & C See B oston
& Ind Con Nat 111 100 21
January
Week ending Aug. 1
Sales at
Stock
Securities
Indianapolis Gas stock 50
1st 6s 1920
M-N
STOCK EXCHANGE
NEW YORK
TRANSACTIONS AT THE
II
Exchanges
of Business at Stock
LXXV.
[Vol.
1
1
Glass common... 100
iuo
Preferred
SRi dui a li.-uniuglOO
100
Preferred
1
'
s Steel
Corp
s
A
(wh
1)
1
*.'A
White Knob Mining. 100
thing
16
ao
75
B6
97
97",
B7%
1
Universal Tobacco... 100
100
Prefei red
& Coke. 100
M s
LOO
Vulcan Det inning
LOO
ed
Westineh Air Brake.. 50
\\ 01
list
38
t
r - Shipbldg
t
115
130
130
35%
-
1
10a
Pump pref. 100
4
26
9
11%
12
00
99
81
33
t
01
82
188
19% 20
129
131
—
AVGTJST
)....
)
. ...
1
7
.
THE CHRONICLE.
2, 1902.J
235
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
ean be obtained. " The first two columns of figures give the gross earnings for the latest week cr month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
The returns of the
street
railways are brought together separately on a subsequent page.
Latest Gross Earnings
ROADS
Adirondack
Ala Qt Southern
Ala N O <fe iexuXoEajt.
Ala &> Vicksb't:
Vicksb ShA- k*.
Allegheny Vallej
Ann Arbor
NO*
AnuWa<h&
Bal.
Week
Current
or JJonth
Year
May
3d
wk July
Pacific.
ist
J'ly
1st
J'ly
wk
wk
1st
wkJuly
May
'.
3d wk July
May
Atch Top iSFe. lime
& char.. tfay
Atl Knoxv A No. May
Atlantic & Blim iime
Atl Coast Line... -May
Atl Vald i West. uue
Bait & Ann S L.. May
Bait & Ohio....)
Atlanta
B & O Southw.
<
Bangor & Aroosi
Bath & Hamuioi
Bella Zanes&Cin
Bellefome Cent'.
Brldgt <fe Saco R.
Bull Attica
<fc
BuffRoch&
Art
rlOt
Buffalo <teSusq...
O Rap & No
Burl
Canada Atlantic
Canadian
Pacitit
Cane Belt
Cent'l ot Georgia
Cent'l New En£..
Cent'l of N Jersey
Central Pacific.
Chattan South'n.
Chesap<& Ohio...
Chic & Alton Ry.
Chic Burl tte Quin
&E
Illinois.
Chic
Chi j Gt Western.
Chic Ind <fcL'v...
ChioMUw<fc8tP
Chic
Chic
North W'n
6i
Peo&StL..
CuicRI&Pao...
FM
Chic St
&U.
Chic Term Tr Kl
Gull
Choc Okl &
Cm N O & T Pac.
CI
CinCh<& StL.
Peoria <te East' n
Colorado &SoutL
Col Newb & Lau.
Col Sand <te Hock
Cornwall
Corn wall
<fe
Leb
.
CuinUerl d Valiej
Denv.&RioGr.
b io Gr. West. 5
Detroit Southern.
Det
<fc
Mackinac.
DulsoSh&Atl..
Erie
Evansv
Evansv
& Indian
<fe
TH...
F'rchild&N'r'e'n
Farmv & Powhat
Ft W &. Deny Citj
Georgia RR
Ga South & Fla.
Gila ValG<Su N..
Gr Trunk System
GrTr. West'n.
DetGrH&M..
Great North'n
StPMinn&M)
Previous
Year
16,122
37,05
35.000
13.000
17.000
Inc.
30,040
7,382
4,450.282
220,820
54,408
15,913
846,702
21,384
8,297
Gulf&ShipIsland
Hocking Valley..
Hous & Tex Cent
Illinois Central..
Ulinois Southern
Int & Gt North'n
Interoc(Mex)
Iowa Central
Iron Railway
Kanawha & MicL
Kan City South'n
Lehigh Val RR.
Leh Val Coal Co.
Lexiug & East'n.
Louisv
<fe
c
i
Year
35,000
13,000
17.000
177,741 Mexican South'n
106,166 Millen & So'w'n.
Mineral Range..
29,000 Minneap A St L.
13.ono M 8t P & S St M.
12,000 Mo Kan <fe TexasMo Pac & Iron Mi
90,86,0
Central Brand
59,4.18
Total
54,474,822 Mob Jack & K C.
2dwk
July
"lay
June
3d wkJuly
3dwk
3<i
July
wkJuly
3d wk July
3d wk July
3d wkJuly
,147,085
3d wk July
704,175 2, 030, 234 Mobile* Ohio..< June
573,902
439,028 Nash Ch & St La. 3d wk July
89,711
70,500
i
147,470
,633,030
200,9
3,072,879 2,515,565
122,521 169,455
3,195.400 2,685,020
May
127,856
99,226
3d wkJuly 133,901 111,465
May
359,848 417,739
June
3,261,480 2,910,434
June
12,195
9,216
3d wkJulj
68,209
74,546
WkJulyl2
94,100
80,420
3d wkJuly
40,429
38,518
June
0,is65
5,262
3d wkJuly
11,806
15.646
June .....
463,900 427,590
May
1,944,391 2,274,323
May
929,292 1,946,723
May
42,047
33,161
Inc.
76
57,89s
585,900
10,355
9,401
35,190,935 26,903,971
1,772,278 2,151,648
36,963,213 29,055,619
933,080
1,260,107
334,395
379,374
4.812,082 5,316,590
40,782,198 36,900.400
114,986;
135,126
214,00,3'
196.807
140,8091
158,530
118,632
141,541
59,747
82,623
48,341
36,414
5,560,621 4,912,182
25,511,269 23,880,212
19,710,610 18,799,847
323,663
384,983
Inc. 62 9.260
,241
668,434
53,527
697,078
521,930 1,752,100 1,520.290
108,381
6,654
125,892
16,000
30,0911
97,368
12,410
85,884
179,255
19,536
195,232
927,727
287,600 U,053,185
485.246 5,141,883 4,666.935
143,600
70,800
160,800
July
1
to
Current
Year
Latest
Date.
Previous
Year
*
$
ISO. 892
113,522
Previous
Year
C\trrent
Month
17,753
3,223
4 1,378
68,277
127,578
291,713
033,000
19,000
652,000
3,958
530,133
168,699
153,083
17,413
2,919
5,803.802
370,75 s
163,040
3o:;. kg
i
611,002
3,571,862
03,981
395,933
9, 590,o,.:
I
lac. 04
108,083
595,580
1,041,017
1,524
1,834,111
326,491
N YT&Mex
..
May
Oregon & Calif. May
Sonora Ry
May
So Pac of Cai
May
.
19,532
/712.50S
207,753
20,42?
2.802
550,949
23,389
18,004
01,814
16,194
359,848
4,039
180,120
425,335
22,603
33,777
317,670
45,967
1,852,131
162,443
11,500
.
.
&.
1,712,01',
Pacinc. 3d wkJuly
Tex&NOrl
M
Southern Railw'i
TerreH & lud ... June
Terre H & Peor.. June
Texas Central . 3d wk July
Texas
0,390
04,442
6,832,856
33,760
78,533
309,002
169,051
262,018
752,686
140,851
40,139
So Pac of Ariz.
So Pac of N
Tex S V & N W
May
TiftonThom.&G. May
To! & Ohio Cent 3d wkJuly
TolP&West .... 3d wkJuly
TolStL&W
3d wkJuly
.
609,441
7,769,185
6,34
13,477
58,352
19,910
53,265
13,139
609,441 /7.769.185 ^7,349,631
636,079
620,524
197,957
256,882
201,959
18,173
72,4 93
70,940
5,522
50,074
627,396
439,062
6,941,974 77,079,008 70,959,651
15,231
1,754,871 18,560,830 17,820,526
7,251
681,203 6,62i",6b*7 6,422,825
24,928
10,386
790,373
60,796
839,621
14,3',
174,173
208,478
417.739 4,812,032 5,316,590
3.208
147,515 1,781,790 1,541,807
698,366 6,778,703 7,399,019
26,529
2"69",857
27,004
343,838
262,418
50,275
1,741.05'. 19,906,757 17,446,260
77,385
412,374 4,296,217 4,000,548
242,671 2,352,860 2,193,790
272,361 2,720,550 2,593,731
671,591 2,106,777 1,898,352
123,988 1,689,718 1,570,013
543.318
548,359
36,098
20,697
20,672
8,899
476,522
463,447
173,250
129,500
147,300
10,600
95.228
133,383
9,790
152,865
174,141
52,091
61,827
61,117
20,401
120,036
144,954
45,042
23,847
23,475
7,304
7
/
Tor Ham & Bud 3dwk.July
7,741
Dnion Pac RR )
Oreg RR <te N } June
3,860,440 3,759,141 47,500,279
Oreg Sh Line.
Wabash
3d wkJuly 400,832 363,293 1,101,273
Jersey & Sea'e June
350,024 328.924 3,763,758
Wheel & LE
313,103 251, 4S0 3,519,554
June
Wichita Valley... June
0.508
5,299
119,400
Wm'sport&N.Br. May
10,009
10,984
355,500
Wisconsin Cent.. 3d wkJulj
123,000 117,275
133,895
Wrightsv & T'n, May
9,049
8,652
6,595,309
Yazoo & Miss. V. June
454,413 362,842
.
7,349,631
2,274,634 2,574,734 27,609,76 25,720,336
1,160,812 2,840,010 26,327,76 26,315,338
3,441,446 5,415,350 53,937,534 52,035,674:
139,900 124,953 1.042,039
960,755
'537,982
45,98
525,788
47,282
10,021
36,840
12,208
29,884
454,400 449,400 5,341,154 4,908,0 il
1,500,572
lld",Sl
98,6oJQ 1,349,790 1,399,955
11,563 A2 12,508
139,388
A25,o95
214,510
9d,861
19,985
16,558
415,218 374,23'. 1,154,040 1,063,963
32if,570
128,800 112,983
359,987
185,496 171,175 2,131,164 1,996.817
195,632 189,664 2,362,160 2,486,039
118,278 102,218 1,132,580 1,039,001
May
May
May
May
3d wk July
So. Pac. Coast..
39,128
14,982
35,541
2,014
52,371
1592,648
i59i',413
67,006
205,465
200,918
107,098
308,148
295,135
280,058
808,940
790,993
678.000 1,751,000 1,857,000
---.000
47,000
32,000
710,000 1,798,000 1,945,000
11,974
2,805
8,178
481,020 6,501,227 6,139,912
143,175
405,204
142,403
416,669
143,015
14,738
137,732
2.703
34.873
29,663
5,893,359 70,800,000 00,333,100
493,521 5,194,051 4,810,814
213,7 72 2,474,207 2,291,590
975,507
828,485
295,632
007,202 3,408,848 7,990,343
2,94 5,277 42,305,911 33,900,859
59,309
430,01.
4,551,914 4,670,709
8,482,759 1018O3577 93,200,077
3,200
lite. 7,
50,200
100,335
516,988
495,497
589,394 6,313,800 5,577,187
1,053,11 11,925,749 11,652,149
34,245
1,459
27,092
1,589,801 21,772,072 19,380,219
367,798 3,210,005 2,910,210
712,568
[
26,506
Juue
13,557
Maryland&Penn March .....
20,022
JMexican Centi ai 3d wkJuly f354,646
Mexican intern'!. April
535,387
JMexicanRy
WkJulyl2
92,900
Manistique
Week
or
Year
,
Nanhv. 3d wkJuly
. .
Previous
L&
.
u
Current
Year
ROADS
1
& Birm June
Man'tee&Gr.Rdr. May
Mania & No East May
Mac
Latest dross Larniiujs
Latest Date.
1
Long Island
vlay
Lou. Hend.&St.L. June
.
29,000
13,000
12.000
50,897
29,809
5,902
4,617,435
210,095
42, 305
8,026
714,999
to
83, 10S; Nat'l Ry. of Mex 3 l wkJuly
7,103.171 Nev-Cal-Ortgou May
19,3:
235,0 15 Nevada Genual. May
8,435
97.011
83,636 N Y C & Hud Ki\ J une
May
June
4,379,560 4,023,127 51,077,116 47,114,430 N YOnt<te West.
N Y Susq & Wesi May
May
146,337 117,170 1,508,479 1,322,117 Norfolk & West'n 3d wkJuly
May
1,9^5
32,884
1,978
37,700 Northern Central lune ....
15.995
May
16,513
North'n Pacliic. June
lune
4,705
57,901
4,283
42,479 Nor Shore (Cal)... June
3,i45
37,0-9
May
3,108
36,956 Pacific Coast Co May
May
24.110
2,704
2,582
25,007 Penn— EastP&E< June
3d wk July 140,677 129,873
385,365
377,619
WestP&E §... June
May
05,79.
772,157
73,72
659,338 Pere Marquette.. 3dwk July
May
399,700 399,772 4,959,604 4,559,003 Phlla & Erie
May
February..
123,195 100,871 1,187,097 1,172,2 10 Phila Wilui &B.. June ....
3d wkJuly 681,000 634,001' 2,004,000 1,868,000 PineBlf.Ark.R... June
June
15.209
7,505
178,791
58,844 Pittsb C C it St L June
3dwk July 151,750 125,050
439,350
361.850 P.ttsb <& West'n March...
March
47,850
52,410
440,309
534,035 Plant SystemMay
1,196,124 1,310,044
Ala Midland.
-May
1,712,012 1,754,871 18,560,830 17,820.520
Bruns <* W'n. May.
>u wkJuly
2,195
2.031
6,379
5.143
Chas &Sav...
3d wk July 242,070 309,310
654,200
885,229
Sav Fla <fe W.
-May
703,820 74=7,158 8,498,023 8,278,927
SilSOo&G..
May
4,477,263 4,345, -87 49,31S,501 15,903,032, Reading C j. —
3d wkJuly 110.930 104,458
352,830
313.458
Phil<fc Read... May
3d wk July 120,74* 131,797
300,690
382,017
Coal&IrCo... May.
3d wkJuly
90,354
83,763
204,059
245,494
Tot both Co's. May
June
3,873,717 3,555,990 45,013,12.) 12,369.013 Rich Fr'ksb & P May
June
4,000,368 3,913,10 40,731,387 43,323,515 Rio Grande Jot. May
June
122.102
97,701 1,448.324 1,343,881 Rio Grande So.. 3dwk J uly
April
2,119,17b 1,972,93 24,205,17 21,824,999, Rio Gr'de West
June
•iuue ....
904,389 837,04 11,777,100 10,004,777! Rutland
March
,
3d wk July
32,293
30,021
95,790
90,000 St Jos&Grl.... June
iVi
89,70'
ukwk ar
75,378 4,054,742 2,877,751 St Louis & Gulf M June
3d wk July 103,749
95,645
302,195
275,294 StL&N ArK
May
3.1wk Julj
341,924 354,710
997,110 1,004,130 St
San Fran </ 3dwk July
45,114
3d wk July
130,371 St L Southwest
45,45
128,473
3d wkJuly
3dwk Julj 130,53c 125,925
358,902
341,235 StL Van&TH. June
11,8'
May
li,260
169,021
162,9^4 San Ant & A P.. May
30,155
3d wk July
22,147
79,010
65,929 San Fran & N P. June
Tune
10.486
114,223
8,900
100,446 San Pedro Los. VnMay
27.18J
30,735
307,0. >0
2 18,716|
geles <fe Salt L. February.
June
109,030
95,229 1,193,998 1,080,880, Sav Fla <ft West. May
Seaboard Air L. 3d wkJuly
3d -wkJuly 351,400 328,200
999,400
980,500!
SoC &GaExt... May
3d wkJuly
21,277
20,966
66,318
53.238 So Haven AEast. June
May
88,977
70,S82
785,714 .Southern Ind
798,307
J uue
3dwk July
52,004
63,780
154.095 So Pacific Co b... May
175,714
May
3,321,228 ,041,472 37,646,465 35,54»,095
Carson & Colo. vlay
3d wkJuly
7,564
8,175
20,931
20,383
Central Pacific. May
3d wkJuly
29,516
28,810
83,684
79,543
Direct Nav. Co. May
June
3,159
2,711
Gal Har & S A. Vlay
May
6,217
7,880
68,856
58,335
Gal Hous& No May
May
187,052 168,548 2,040,864 1,932,010
GulfW. T. &P. May
June
137,919 117,786 1,986,757 1,834,679
Hous. E. &W.T. May
June
105,466
97,623 1,250,870 1,203,811
Hous. & Shrev. May
May
32,824
33,018
338,112
340,830
Hous &Tex Cen May
3d wkJuly 579,601 517,149 1,740,899 1,572,660
Iberia & Verm. May
-d wkJuly
69,746
76,578
161,873
138,062
Louis'a West... May
2d wkJuly
20,001
20,999
45,380
44,528
Morgan's L & T May
N. Mex.& Ariz.. May
Minn < June
Montana Cent'l June
Total system. June
East, ot
$
15,033
37,242
July 1
'
.
W
43,723,273
1,006,365
3,581,958
2,954,105
104,254
340,528
151.482
6.127,941
* Figures from Deo. 1 are for tHe railroad only.
§ Covers results on lines directly operated.
IMexican currency, a Includes Paducah & Memphis Division from July 1 in both years, t Results on Monterey <fe Mexican Gulf are
included from March 1, 1902, but for no part of 190 1.
e Covers lines directly operated, including the Buffalo & Alle'y Val. Div.for both years.
fc Includes the Houston
& Texas Central and its subsidiary lines. Earnings oi the Cromwell Steamship Line, not previously reported, are
w
90 deluded.
c Results on Montgomery Division are included in both years.
d Includes St. Paul & Duluth for both years.
v rmP°
/These
figures are the results on the Ala. Midi., Brunswick & West., Charles. & Sav., Sav. Fla: & West'n and Silver Springs Ocala & Gulf.
q These figures include, besides the St. L. * 8. P. proper, the Kan. Citv Ft. Scott & Mem.system and Ft, Worth & R. G.
A From May, 1902,
includes sundry ac quired roads.
i Including earnings of the Hancock & Calumet, both years.
-
9
—
. ...
THB CHRONICLE.
236
Totals for Fiscal fear.
In the full-page statement on the preceding page we show
the 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
still have their own fiscal years.
These with their dates are
brought together in the following.
Latest Cross Earnings.
Roads.
May
May
Bellefonte Central
Burlington Cedar Rap. & No.
Central of New Jersey
Chattanooga Southern
Chicago & North- Western....
Chicago Rook Island & Pao..
Ohio. St. P. Minn. & Omaha.
Choctaw Oklahoma & Gull ..
Jan. 1 to June
Jan. 1 to May
Jan. 1 to May
Jan. 1 to July
Jane 1 to June
Apr. 1 to Apr.
Jan. 1 to June
30
31
31
21
30
30
30
Nov. 1 to Mar. 31
& Gt.
North'n. Jan.
Jan.
Jan.
Jan.
Mexican Central t
Jan.
Mexican International
.... Jan.
Mexloan Railway
Apr.
Mexloan Southern
Jan.
Missouri Pacific
Jan.
Central Branch
Jan.
Total
Jan.
National RR. of Mexico
Jan.
Northern Central
*
Pennsylvania, East of P. & E. Jan.
,.... Jan.
West of P.
Jan.
Pere Marquette
Philadelphia & Erie
Jan.
Wiim'g'n
<fe
Baltimore.
Phila.
Nov.
L...
Cinoin.
Chic.
St.
Pitts.
&
Jan.
Rio Grande Junction
Deo.
St. L. Vandalla & Terre H.... Nov.
International
.
.
&E
1 to
July 21
1 to
May
1 to June
1 to July
1 to Apr.
1 to July
1 to July
1 to July
1 to July
1 to July
1 to July
1 to June
1 to June
1 to June
1 to July
1 to May
1 to June
1 to June
1 to May
1 to June
Jan. 1 to June
Previout
Tear.
Year.
9
31
31
Jan. 1 to June 30
Cumberland Valley....
Ft. Worth & Denver City..... Jan. 1 to May 31
Manistee & North Eastern.
Manlstlque
Current
31
30
21
30
12
14
21
21
21
21
30
30
30
21
31
30
30
31
30
30
South Haven & Eastern
Terre Haute & Indianapolis.. Nov. 1 to June 30
Terre Haute & Peoria
Nov. 1 to June 30
Texas & Pacific
Jan. 1 to July 21
West Jersey & Seashore
Jan. 1 to June 30
Wichita Valley
Jan. 1 to June 30
Inc.
102,933
430.375
450,489
28,455
22,498
2,076,712 1,948,417
6,441,963 6,589,837
45,435
56,914
4,000,368 3,913,102
2,119,178 1,972,937
5,405,200 4,824.499
2,297,157 1,805,684
495,408
857,874
853.911
898,295
2,578.072
2,417,316
152,348
148,995
51.255
68,833
11,297,294 9,793,307
2,111,196 1,959,983
2.633,300 2,388.900
263,420
289,768
18.621,383 17,986,756
513,210
686,136
19.134,593 18,672,892
4,648,680 4,281,022
4,092,694 3,950,794
53,419,876 48,451,476
Ino.
3,306,000
5,110,672 4,728,137
2,508,819 2,387,061
7,795,774 7,678.273
10,839,374 9,751.057
262,822
251,366
1,388,232 1,309,210
24,522
28,695
1,106,874 1,016.058
343,728
858,974
5,675.916 6,023 993
1,577,652 1,492,652
28,842
33,029
* These figures Include the Buffalo & Allegheny Valley Division in
both years, t The operations of the Monterey & Mexloan Gulf are
included from Mar oh 1. 1902.
Latest Gross Earnings by
the third week
Weeks.— For
of July our final statement covers 51 roads,
per cent Increase in the aggregate over the
year.
veeek of July.
1902.
Previously rep'd iSSr'ds)
Alabama Gt. Southern..
Chattanooga southern
.
.
Chic. Ind'plls & Louisv..
Cin. N. O. & Texas Pao..
Clev. Cin. Chic. & St. L..
&
Southern..
Col. Sandusky <& Hock'g.
Colorado
Duluth
8o.
Shore
& At.
Grand Trunk
Grand Trunk West
)
. .
Det.Gd. Hav. & Mllw.
Louisville
&
>
9
$
4,070,128
37,057
151,760
2,195
90,354
3,979,079
37,242
125.650
2.031
6 '83
last
Mexloan Central .........
Minn. St. P. & 8. 8te. M
Nashv.Chat. & St. Louis.
National RR. of Mexico.
Increase.
9
248,933
26.10C
164
6,591
8,104
103,749
341,924
45,114
130,538
30.155
26,966
63,780
83,763
95,645
354,710
45,457
125,925
22,147
21,277
82,004
579,601
617,149
62,452
183,901
46.429
585,900
354.64f
68,277
127.678
168,699
153,083
22,436
7,911
68.970
67,046
12.268
415,218
207,753
752.686
111,465
38,518
821,930
287,600
67,006
107,098
143,175
142,403
160,385
10,621
374,23/
197,957
671,591
6,347
8,891"
19,910
7,741
20,401
7,364
8,901,830
8,332,724
168/83
Rio Grande Southern
St. Louis & San Fran
Toledo Peoria & W**nt'n
Toronto Ham. & Buffalo.
p.o.)..
Decrease.
9
187,884
186
....
-
-.
12,786
343
4,613
8.008
6,689
11.776
$9
Current
Tear.
Roads.
Previous
Tear.
170,146
195,365
2,487,454 2,198,739
July 1 to June 30
Atoh.T.&8. Fe.b. June 4,456,282 4,617,435
July 1 to June 30.... 59,147,085 54,474,822
612,482
532,721
Bufl. R.&Plttbs.b.June
July 1 to June 30.... 6,313,247 5,830.619
CanarttanFaelflo.aJune 3,179.971 2,702,177
July 1 to June 30.... 37,503,053 30,855,203
15,208
7,505
June
Cane Belt
58,844
178,791
July 1 to June 30....
7,018
9,866
Ohattan'ga South.a June
93,071
98,185
July 1 to Juno 30....
—
Alabama Gt.So'th.aJune
Roads.
Tear.
Tear.
$
$
•
Tear.
Tear.
& East, ril.b.. June 534,529 448,611
213,130
185,429
July 1 to June 30.... 6,277,493 5,659,446 2,811,251 2,413,686
Ohio. M. & St. P.a. June 3,873,717 3,555,990 1,157,343 1.128,182
July 1 to June 30
45,613,125 42,369,013 15,416,230 14,391,510
Cin. N. O. & T. P.a. June
510,602
440,579
118,053
118,332
July 1 to June 30
5,660,404 5,045,596 1,420,810 1,229,827
Color'do &8outh.b. June
534,400
493,041
176,700
164,260
July 1 to June 30
5,580,323 4,794,649 1,536,066 1,286,779
Cornwall, a
10,486
June
8,900
4,978
3,420
July 1 to June 30
114,223
106,446
48,578
47,328
Del. Lack. & Western
N. Y. Lack. & West, b—
Apr. 1 to June 30
1,563.729 2,040,683
476,884
943,511
Jan. 1 to June 30.... 3,359,995 4,004,800 1,298,234 1,829,198
8yr. Bing. & N. Y.b—
Apr. 1 to June 30....
238,769
298,080
26,022
161,904
Jan. 1 to June 30 ...
469,337
527,790
123,379
279,688
Fairchild & N. East. June
3,159
2,711
1,205
1,633
Jan. 1 to June 30....
20,625
19,015
11,212
11,899
Georgia. a...
137,919
117,786
June
qlS,967
a.25,367
July 1 to June 30.... 1,986,757 1,834,679 q (516,229 qo50,S06
Socking Valley. a.. June
524,403
485,824
240,282
171,347
July 1 to June 30.... 5,316,523 4,653,258 2,087,192 1,867,972
Iowa Central.a... June
207,333
177,399
26,672
25,189
2,543,349 2,285,400
July 1 to June 30
470,550
418,791
Kanawha & Mich. a June
74,576
78,901 def. 8,820
15,703
924,624
July 1 to June 30
1,096,359
210,349
196,956
Kan. City South. a.. June
463,906
427,596
115,780
116,299
July .1 to June 30.... 5,560,621 4,912,182 1,738,985 1,333,818
Chic.
—
Champlain
L.
& Moriah—
Apr. 1 to June 30
Jan. 1 to June 30
18,785
12,184
33,421
19,701
<-on. Hen. &8t. L..May
60,327
57,979
637,868
614,957
July 1 to May 31....
Minn. & St. Louls.a. June
340,295
300,848
July 1 to June 30.... 3,546,840 3,275,504
N. Y.
3,052
7,149
17,079
165,260
134,944
1,446,120
8,996
10,612
16,809
191.060
106,918
1,318,885
& Ottawa-
1 to June 30....
24,446
47,103
Jan. 1 to June 30
611,602
Northern Central.' Jna»
4,092,594
Jan. 1 to June 3o
Apr
def. 1,807 def. 19,723
def.5,359 def.34,023
23.811
43,051
667,202
3,950,794
116,315
1,126,884
186,015
1,041,584
PennsylvaniaLines directly operated
East of Pltts.&E. June 9,596,059 8,482,759
j Jan. 1 to June 30.. ..53,419,876 48,451,476
643,200
Ino.
West of Pitts. &E. June
Ino. 3,306,000
Jan. 1 to June 80
732,671
788,330
Pere Marquette. a. June
4,652,201 4,263,668
Jan. 1 to June 30
Phii.wiim.& Balt.bJune 1,041.017 1,053.117
Nov. 1 to June 30.... 7,796,774 7,678,273
1,459
1,524
Pine Bluft Ark. R. June
27,092
34,245
July 1 to June 30....
45,456
51,518
Bio Grande 8onth. June
546,226
583,382
July 1 to June 30....
98,000
110,817
St. Jos. & Gd. TeO.a.June
July 1 to June 30.... 1,349,790 1.399,955
494,990
813,074
St. Louis S'west.b. June
7,267,258 7,387,175
July 1 to June 30
250,829
253.251
Toledo <Si O. Cent.a.June
2,863,808 2,571,722
July 1 to June 30
3.860,440 3,759.141
j nion Pao. Syst'ma June
July lto June ^0... 47,500,279 43,723,273
- June 1,488,483 1,427,938
Wabash. b
July 1 to June 30.. ..19,026,352 17,684,462
328,924
350,024
W.Jersey <fe8eash.b June
Jan. lto June 30.... 1,577.662 1,492,662
6,299
6,598
Wichita Vallev.a.... June
33,029
28,842
Jan. lto June 30....
3,382,999 2,904,299
17,641,467 18,904,687
Ino. 292,100
Ino. 898,200
212.121
186,044
958,666
1,08 7,400
309.235
329,988
2,367,859 2,285,259
def.629
193
11,412
14,542
23,141
26,703
270,247
259,445
25.055
32,811
505,812
416,815
107,558
120,633
2,094,193 2,754,283
81,348
63.544
635.089
599,182
1,670,988 1,670,256
21,911,053 18,996,646
406,027
259,472
5,178,9:7 4,802,416
71,455
79,855
289,032
290,932
4,474
3,275
16,265
12,195
j
It
b Net earnings here Riven are before deducting taxes.
These figures include results on the Buffalo & Allegheny Valley
Division in both years.
q Including remittances from oonneotlng roads, total net inoome for
June Is $53,450. against $44,050 for June, 19u» similarly for the 12
months ending June 30 total net is $762,395 for 1902 and $667,729
1,271
;
for 1901.
1,647
40,986
.... ....
9,79 b
81,095
.....
..
2,552
491
377
174,241
taxes »ud rentals amounted to $183,019, against
t For June, 1902,
*207 210, after deducting which net for June, 1902, was $1,715,956,
From July 1 to June 30, 1902, taxes and rentals
against $1,931,924.
amounted to $2,046,980, against $2,040,429, after deduotlng which
net
was $23,246,694, against $20,171,448.
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 surplus
above or defioit below those oharges,
,
Roads.
&
E. Illinois.. June
July 1 to June 30
Ohio.
Del. Lack.
<fe
Int., rentals, etc.
2,681,242 2,553,442
846,737 1,121.432
14,085,912 12,109,375
3,988
def.2.597
65,769
27,91 2
1,624 def.3,822
def.20.485 def.35,132
Previous
Tear.
$
•
$
$
*89,285
*109,282
129,462
140,876
1,611,015 1,564,782 '1.448,882 *1,067,966
Tear.
Tear.
West.—
N. Y. Lack
& West-
July 1 to June 30
—
July 1 to June 30
L.
Ksi Mam's.—
Tear.
Kanawha* Mich.. .June
$
r-Bal. of
Current
t25293674 t22211877
264,884
310,114
$
>
Previous
63,478
57,707
645,608
713,244
11,898.975 J2.139.134
Tear,
Previous
Tear.
—
Current
615,862
Apr. 1 to June 30
1,232,290
Jan. 1 to June 30
Syr. Bing. & N.Y.46,405
Apr. 1 to June 30
92,810
Jan. 1 to June 30....
135,948
J une
Slocking Valley
Current
Net Earnings,—*
Current
Previous
J
20,480
26,524
10,680
7.698
743,347
569.106
LXXV.
a Net earnings here given are after deduotlng taxes.
Net Earnings Monthly to Latest Hates.— The table follow
ing shows the gross and net earnings of Steam railroade
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the Chronicle of July 19,
The next will appear in the issue of August 23, 1902.
1902.
lietEaminei.— —
Gross Warnings.— —*
.
Qross Earnings.— —,
Current Previous
,
. .
3
Nashville..
Total (51 roads)
Net increase (6-83
1901.
and shows
same week
[Vol.
—
Period.
Jan. 1 to
Allegheny Valley
Atlanta <fe Charlotte Air Line. Apr. 1 to
3d
——
-
..
Champlalu
& Moriah—
Apr. 1 to June 30
Jan. 1 to June 80....
N. Y. & Ottawa
Apr. 1 to June 30....
Jan. 1 to June 30....
989,368
12,238
140,794
618.459 df.139.978
65.944
1,237,983
116,999
44,805 def.20,383
189,778
30,569
89,810
•178,082
*262,728
138,032
987,878 "1,002,372 *1,354,178
'5,504
10,766 df. "20,422
•75,047
'76,355
128,709
534
551
1,254
1,271
6,220
12,160
325.052
591,215
•2,875
•6,291
•8,448
•9,365
6,342 def.8,027 def.26,066
12,858 def.17,519 def.46,876
—
..
August
Qross Earnings.—
Current
Previous
Year.
Year.
June 30....
483
5,936
18,611
217,955
11,667
122,500
38,959
477,166
1,922
11,534
.
*
June 30....
1 to
$
119,307
726,334
371
5,877
17,101
213,493
8,760
105,000
38,100
432,158
1,922
11,534
134,219
802,979
Pine Bluff Aik.R.. June
July 1 to June 30
Rio Grande South. June
July 1 to June 30....
St. Tos. &Gr. MM. .June
July 1 to June 30....
Toledo & Ohio nei,. .June
July 1 to June 30 ...
June
Wichita Valley
Jan.
,
—
Net Earnings.
Current Previous
Year.
Year.
77,902
284,421
66,737
232,332
def.290
8,606
8,092
52,293
21,144
294.315
•24,854
•139,605
1,353
def.1,000
5,535
661
6,040
45.952
1 6,305
400,812
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.
STREET RAILWAYS AKD TRACTION COMPANIES.
Latest Cross Earnings.
Pretfus
Week or If o Our'nt
Year.
Year.
R'ys. Oo.§.
Bingham ton
RR
Br'klyn Rap.Tr Co.
Canton-Masslllon By
Charleston Cons. Ry.
Gas A Eleo
Chicago & Mil. Eleo..
.
.
to Latest Date.
May
May
Oln. Dayton & Tol. Tr.
Cln. Newp. & Cov. Ry.
Citizens Ry. & Light
Year.
$
11,415
101.158
17.193
i
9,293
79,737
15,678
77,457
17,750
40,52)
77,545
38,044
17.252
78,939
65,460
72,201
422,149
384,637
6,874
8,589
4,268
20,777
20,264
214,985 199,696 1.176,014 1,053,134
Cleveland E lee trio ..
25,188 22,236
128.392
107,026
Cleve. Ely & West...
17,747 15,749
79,557
65,450
Oleve. Palnsv. A E...
11.805 11,269
52,980
49,494
Dart.4 W'port 8t.Ry.
116,35e
April
124,516
481.348
City
Tram..
.
...
435,296
Denver
3d wk July 70,015 66,358 1,807,290 1,569,564
Detroit & Port Huron
3d wk July
8,892
Shore Line
8,953
211,982 164,009
Duluth-8up. Tract. >
48,125 38,857
244.239 207,303
Duluth
St.
Ry—
.
\
32.614
8,365
90,284
37,192
33,874
10,538
107,716
41,867
Internat'l Traction—
March..... 256,341 245,563
(Buffalo)
38,219 29,293
Lake Shore Eleo. Ry. May
Lehigh Traction
6,420 11,401
LondonSt. Ry.(Can.) April
Los Angeles Railway
Mad. (Wis.) Traction. June
Mass. Eleo. Co. 's
April
Side Elev..
Montreal Street Ry..
.
Northern Ohio Tract.
Northwestern Elev..
Oakland Trans. Cons June
Olean St. Railway...
Orange Co. Traction. May
April
Pacific Electric
186,456
88,980
601,110
213,321
167,648
30,459
416,418
174,078
731,650
156,496
53,482
39,188
569,404
36,462
693,319
114,623
59,679
36,192
430,116
132,317
8.321
430.336 403,179 1,560,465 1,475,793
162,614 129,269 936,612
845,464
187.662 180,926
966,011
899.495
76,861 63,509
327,674 290,577
7,493
7,305
28,140
25,487
67,631 58,19 k
318,937 268,967
91,219 80.385
575,414 503,313
82,920 69,341
449,4 86
3,994
3,835
11,222
11.004
8,533
7,994
31,688
30,848
41,508
Met West
New London St. Ry
9,496
97,302
9,942
Roads.
Cln. Newp. &Oov...June
Jan. 1 to June 30
Geneva Waterloo Seneca
Falls & Cayug-a LakeApr. 1 to June 30....
1,076,860
Union Trao.
14,824
Railways Co.Gen.—
Roads
22,641
1,547
1,561
......
76,163
116,061
10,422
75,603
91,731
9,920
36,702 34,473
219,474 193,815
557,114 510,541 3,014,588 2,786,637
21.846 19,598
113,335
95,910
114,674 104,467
712,368 668,957
Sioux City Traction..
South Side Elevated.
Toledo Bowl. Green
& South. Traction..
20,087 13,732
63,985
91,251
Toledo Rys. & Light. June
132,683 112,901
671,284 598,928
Toronto Railway
Wk J'ly 26 34,632 32.344
Twin City Rap. Tran 3d wk July 72,2
66,084 1,894,959 1,656,034
Union (N. Bedford).. June
30,713 25,343
146,870 118,601
1
&
)
\
J „- a
June
131,992 125,784
724,290
267,435 221,541 1,109,786
.
J
624,416
989,296
lit.
June
17,313
15,457
These are results for properties owned.
1 Results now Include the Pittsburg Railway Co., operating the Consolidated Traotion and all the other controlled properties in Pittsburg.
i
Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings reoeived
this
week.
.
Qross
Earnings.—*
Current
Year.
Roads.
Amer. Light & Trac. June
July 1 to June 30
Cln. Newp. &
Jan. 1 to
Year.
Year.
9
9
15,614
93,024
15,746
94,104
19,261
81,248
14,308
54,681
5.207
7,463
28
def.2,793
Southern Indiana Railway.
( Report for the year ending June 30, 1902.)
have been favored with the following statement of
cartings and balance sheet for the fiscal year ended June 30,
1902, comparing with the years ended 1899-00 and 190C-01, as
indicated:
1901-02. 190001. 1899-00.
Earnings—
$
$
$
Freight
465.680 317,519 275,635
We
Passenger
Express, mall and other
.115,814
48,701
Total earnings
Expenses—
Maintenance of way and structures
Maintenance of equipment
Conducting transportation
General expenses
89,261
83,047
56,763
31,497
630,195
439,828 363,895
58,955
77,950
175,368
40,070
57,491
59,821
141,593
35,183
40,731
40,614
103,200
29,452
352,343 294,087 213,998
Total expenses
Per cent operating expenses to earnings.. (5591)
(58-80)
(6686)
Netearnings
277,852 145,741 149,897
Deduot- Interest on bonds
115,364
74,968;
1,396' 62,232
Interest on debt
1,116
Taxes
24,173
18.546
16,814
Rental
17,500
17,500
17,500
Dividends on preferred .stock
(596)25,000
Total charges and dividend
Surplus
183,153
94,699
GENERAL BALANCE SHEET JOLT
1902.
1901.
Asstts—
$
$
Cost of road
6,032,445 6,434,1 97
Cost of rolling stock.1,265,473 892,133
Real estate & buildings
Stocks and bonds ....
Materials and fuel..
Current accounts....
Cash on hand
104,455
65,000
93,472
88,727
41,160
103,444
65,000
80,739
45,457
39,327
Total....
7,688,731 6.666,297
112,410
33,331
96,546
53,351
1.
1902.
1901.
Liabilities—
S
$
Preferred stock
500,000 600,000
Common stock
3,000,000 3,000,000
1st av rt. 4s
3,160,000 2,545,000
Equip, obligations .. 468,143 307,906
Bills payable
60,000
85,610
Current accounts. ... 172 .648
95.901
Int. on bds., accrued
10.429
52,667
Real est. encumb'es.
3,551
7,056
Pref. dividend No. 2
12.500
Profit
and
Total
loss
259,224
161*396
7,688,731 6,666,897
-V. 74, p. 1197.
958,827 6,850,466 6,063,132
17,401
26,370
June
Light Go's
Sacramento Electric
Gas A Ry
St Louis Transit
Wash. Alex.
Vernon By
9
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.— (.Con.)—
Railroads. Etc.—
Pace.
Page.
183 Nat. Asphalt Co. of Am erica {stateCentral Coal & Coke Co
ment for years 1900 and 1902
Det. Mack. & Marq. RR. land grant
183
Stkbet Railways—
mort. (statement 1879 to 1902.... 182
Chicago Union Traction Co
183
(Official Statement.
United Tr. (Pitts.))
United Traction—
Albany City
Year.
9
Butterick Co.
Philadelphia Co.J )
Oonsol.Tr. (Pitts.) >
Pottsv'e
Year.
ANNUAL REPORTS.
Year.
(Muscatine, Iowa).
City Eleo. (Rome.Ga.)
Elgin Aurora & Sou.
April
Galveston City
Georgia Ry. & Eleot.
HarriBDurgTraotlon.
—
Current Previous
9
9
28,050
19,265
508,258 403,362
74.266
69,634
1.156,346 1,078,576 5,087,491 4,782,218
18,944 12,91^
75,396
56,202
Alton Ry. Gas A Eleo. February
American
Jan. 1
237
the foregoing, also report charges for interest, &o (> with the
surplus or deficit above or below those oharges.
Int., rentals, etc.
i-Bal. of Set Eam't.-*.
Current Previous
Current
Previous
•210,356
2,552
4,731
STREET RAILWAYS AND TRACTION COMPANIES.
Gbobs
«
•43,24 8
After allowing for other Income received.
Earnings.
J
,
THE OHKONICLE.
Roads.
Pere Marquette... June
1 to
\
1902.]
3,
.
Jan.
6
.
9
Previous
Year,
9
Cov.aJune
June 30....
77,545
422,149
72,201
384,637
Geneva Waterloo Seneca
Falls & Cayuga Lake
Apr. 1 to June 30
New London St. Ry. June
July 1 to June bo ...
Oakl'd Trans. Cons. June
Jan. 1 to June 30
15,590
7,305
71.791
82,920
449,486
14,256
7,493
65,307
69,341
—
Ne Earnings. —
Current
t
Year.
9
57,702
828,732
34,875
174,272
5,235
3,439
26,067
37,151
171,353
Previous
Year.
9
30.054
148,785
4,670
3,188
20,020
23.698
Interest Charges and Surplus.— The following Streei
railways, in addition to their gross and net earnings given in
to tbe New York Stock Exchange
the |6,000,000 of stock was placed in the unlisted
department affords the following:
Incorporated under the laws of New York on Jan. 15, 1902. Authorized capital stock, $12,000,000, all Issuable in exohange for the entire
$6,000,000 oapltal stock of trie Federal Publishing Co. and $1,200,000 cash, two shares of Rutterlok Co. stock being given for one
share of Federal Publishing Go. stock and $20 cash. Stock outstanding, $6,000,COO; the remaining $6,000,000 will be issued on
payment of tinal Instalments of 10*2 per cent on subscriptions thereto,
which instalments are due on or before Oot. 1, 1902. Par value of
shares. $100 each, full-paid and non-assessable. Tbe Butterick Co.
has no bonded indebtedness, nor can any be created, except with the
The statement made
when
consent of two-thirds of the stockholders. The constituent properties
are held through the stocks of the respective companies. These companies have no bonded indebtedness, except the Federal Publishing
Co., whioh has outstanding $1,200,000 collateral mortgage 6 per cent
bonds, due 1920, and payable 10 per cent per annum, beginning with
1910. The Federal Publishing Co. is a stock-holding company and
owns all the stook of the following companies:
NAME AND LOCATION OP PLANTS.
(1) Butterick Publishing Co., Limited, capital stock issued and outstanding,
$1,000,000. Plant consists of a six story steel and brick building, covering
four city lots, at No. 6 East 13th St.. nine city lots at Spring, MacOougal and
Vandam streets, both in the Borough of Manhattan, New Writ City; a tifteenstory fireproof structure, estimated io cost $l.00o.00o, is being built upon the
last-named plot. Brick buildings, six and three stories respectively, covering
nine city lots, at Tftroop a<-d Lafayette avenues, Borough of Brooklvn.
Branches— LondoD, Paris, Berlin, Toronto, Chicago, St. Louis. San Francisco and Atlanta.
(2) Standard Fashion Co., capital stock issued and outstanding, $75,000;
Plant consists of a three-story brick buildinK on 714 city lots, in Hobokeri, N. J.
Branches— London, Toronto, Chicago, San Francisco and Boston.
(3) New Idea Pattern & Publishing Co.. capital stock issued and outstanding, §80.000. Branches- Chicago and Toronto.
(4) Banner Fashion Co., capital stock issued
and outstanding, $25,000.
Branch— Ch icago.
These various companies print and publish fashion magazines, fashIon advertising matter and paper patterns. They have contracts for
the sale of their goods with agents In the United Stares, cacada, Mexioo, England, Germany, France, South Africa, New Zealand and Australia. Theee agents are generally the largest dry Roods merchants
In the cities and towns where they are located, and the paper patterns
carried in stock and owned by them aggregate about $5,000,000.
Last year the combined oompanles manufactured over 45,000,000
patterns, and lssne: An eight-page fashion sheet, circulation 6,500,000
copies per month; -'The Delineator," oirouiatlon 700,000 oopies per
month; "The Designer." circulation of over 200,000 copies; magazines In French, German and Spanish.
:
)
.
THE CHRONICLE.
238
The gross business for the year 1901 was $4,926,827. During the
three months of this year, for the most part of which they have
bean operating under the direction of the Butterlok Company, the
combined companies have earned $211,228, out of which $100,000
has been paid in dividends. The net earnings for three years, after
deduoting 10 per cent on printing plants, machinery and fixtures for
r
first
depredation, were: 1899. $484,392; 1900, $461,112; 1901, $676,888.
The liabilities of the subsidiary companies aggregate $693,842, consisting of aooounts and bills payable, $443,142, and real estate mortgages, $250,700. Against these the said oompanies had assets as folfows:
Cash
$347,805 Merchandise at oost... $480,048
Aoots & bills reoeiv'e —
742,519
Real estate
Butterlok Pub. Co. .
961 .070 Printing presses & fix440,876
Htandard Fasbion Co.
tures
380,197
91,350
New Idea Pattern &
Federal bonds
29,035
Publishing Co
176,617 Real estate morts
25,607
Banner Fashion Co..
20,315 London leases
19,973
Due from Butterlok Co. 153,820 Patent rights, etc
I
.
Total assets
$3,869,233
total, as representing the actual tangible assets behind the
Butterlok properties, is to be added $653,820, which Is yet to be paid
In on the stock, making a total surplus over actual business liablll
ties of $3,829,210, against which have been Issued the bonds of the
Federal Co., amounting to $1,200,000, and the stock of the Butterlok
Co. The good-will aasets cover contracts, copyrights and trademarks. The trade-marks are the words "Butterlok," "Delineator,"
"Standard," "Designer," "New Ilea" and "Banner," and with the
contracts now established represent the greatest value in the business.
Directors— G. W. Wilder (President), C. W. Morse (First VicePresi
dent), J. F. Birmingham (8econd Vice-President), C D. Wilder (Treasurer), B. F. Wilder. R J. O'Loughlin and H. B. Phlnney, all of New
York; E. L. Pearsall, Jersey City. R. 8. O'Loughlin is Secretary.— V.
74, p. 1198.
To this
fiscal
year ended April 30, 1902.)
President Alexander Agassiz says in substance:
We have continued to push the openings on the conglomerate belt
Red Jacket shaft, but the charaoter of the lode
has not Improved In depth. The machinery to operate the Osoeola
amygdaloid lode Is slowly being delivered; meanwhile It has been
deemed best to discontinue underground work upon this lode.
During no year, perhaps in the history of the mine has so large an
equipment been added by the company as during the past year. The
Superior compressors have been remodeled, eleotrio pumps have been
placed in No. 7 Hecla shaft, additions to the drill shops have been
built, also a new change house for Nos. 7 and 8 Hecla shafts and a new
nianholst and Its building for the same shafts. We have extended our
railroad on the back of the lode, and have purchased two new locomotives. We have built twenty-rour houses for the men and two for
the officers. The addition to the Hecla mill is finished and the equipment for same is progressing favorably. One head is ready to go
into commission; the others will follow In rapid succession. The
house f i»r the new 60-foot sand wheel has been ereoted. The new
steel eleotrio power house to drive the mill and sand wheel has been
ereoted. and the foundations are reidy for the mala driving engln e,
which has been moved to the lake from the Heola hoisting engine
house. The new timber mill at the head of Torch Lake will sli >rtly be
at work.
At the Lake Linden smelting works five large furnace i have been
rebuilt. This change will result la considerable economy In smelting.
At the Buffalo smelting works the new electrolytic plant has been
completed and a new wharf has been built.
The results for four years have been as follows:
In the vicinity of the
OPERATIONS, DIVIDENDS, ETC.
1901-02.
Refined copper pro
duoed, tons
Price of copper, ots.,
per lb
Total dividends (per
The
a3sets
to
and
1899-00.
1898-99.
39,982
36,327
49,312
44,450
11®1658
16»«®17
16@18>«
12®18»s
$40
$35
$80
$70
$4,000,000
$6,500,000
$8,000,000
$7,000,00 J
$25 share)
Amounting
1900-01.
liabilities
on April 30 are reported as
j
The earnings of the company for the year compare with
the combined earnings of the constituent companies for the
previous year as follows
:
Gross earnings
Expenses
Net revenue
Interest on bonds and loans
Dividends paid
Total assets.
Liabilities
Drafts in transit
—
,
3,869,868
6,981,019
6,489,965
165,636
17,529
79.073
31,540
96,826
32,824
127,359
27,746
650,288
640,837
300,000
365,509
1,425,000
291,316
645,000
1,000,000
Bills
Cash for add'ns & lmpr'ts
Total liabilities
Balance of assets
The capital stock
800,000
874,391 1,701,738 2,720,160 2,091,420
3,592,779 2,168,130 4,260,858 4,398,545
is $2,500,000.
—V.
Montreal Light fleat
74, p. 939.
& Power
CReport for year ended April
Co.
30, 1902,
1901.
$1,690,706
890,329
$821,217
$91,495
(4%)587,969
$800,877
$176,670
490,404
$141,753
$133,303
BALANCE SHEET APRIL
Assets Stocks, bonds
30, 1902.
Liabilities —
and
Capital stock
Int.
companies. $18,162,188 Bonds
New construction
324,091 Chambly plant
Accounts receivable.
209,052 Aooounts payable
S ores
155,810 Customers' deposits..
Coke, tar, etc
39,412 Aoorued Interest
Gas stoves
34,218 Divi'ds unclaimed
Cash
1,490,893 Dividend May 15
Surplus
Total
$20,415,197
Total
to the
change contains the following data:
Tbe statement recently made
—
$16,977,800
2,500,000
298,576
259,690
17,604
6i.798
7,168
146,807
141,753
$20,415,197
New
York Stock Ex-
Tear
Bonds
Capital stock.
Div.
' ontroll(d companies —
inc.
outstanding.
Issued.
Owncl per an.
Montr»al Gas Co
$2,99n,040
1847
4-5*
$2,949,080 xlOJ y$880,0"4
Royal Electric Co
2.250,000
"487,163 1st M 4)^8
. 1*84
3.260,000 zS
Mont. &St. L. L. &P. Co. 188* 2,750,000 2,760,000 ..
+
Imperial Elec. Light Co.. 1«»6
150,000
150,000
7
,
Total
$3,149,040
,
»8,099.0S0
i$t,367,227
X
Re *u!*rl y since 1894. y Includes $213,414 4^s due Dec, 1902; $150,000 6s
dne Jane. 1908; $»86,» eo 4s due July. 1921. z Regularly since 1884. "Due Oct.
,19i4, but »3t,473 are retired annually at 105 and interest,
t $2,000,000 6s due
July I. 1950, but all owned by Montreal Light, Heat & Power Co. t Of the
,
bonds of thelMontreal Light, Heat & Power Co., $1,405,000 are reserved to take
up these bonds.
The company oontrols all the gas business In the City of Montreal
and Its suburbs, does all the municipal eleotrio lighting of the
city, furnishes 133,295 lncandesoent lights, 1,536 aro lights, 6,3 15 electrioal horse power to the city and publlo and 5,000 eleotrl
oal horse power to the Montreal Street Ry. Co. under oontraot running until 1923. The charters of the company and its subsidiary
companies are perpetual and oonvey rights In the City of Montreal
and its suburbs. The Montreal <& St. Lawrence Light & Power Co.
has developed a large bydrauiio plant for the production of electricity at Chambly, on the Richelieu River, the outlet of Lake Cbamplain.
Current from this station was first used in Montreal in August, 1899.
The present development is about 20,000 nominal horse power, and a
further development of 6,000 horse power is under oonstruotion.
(Officers see V. 74, p. 580.)-V. 74, p. 1255.
GENERAL INVESTMENT NEWS.
fol-
....4.467,171
Employes' aid fund
payable at Boston
319,651
and mine
Machinery, contracts, eto. 371,576
1902.
$1,760,285
939,068
Surplus.
lows:
ASSETS AND LIABILITIES ON APRIL 30.
1902.
1901.
1900.
1899.
$
A sscts
$
8
$
154,025
Cash at mine offioe
122,367
149,396
112.281
Cash at New York office..
15,000
15,000
15,000
15,000
Cash and copper at Bostonoffloe
3,781.551 3,350,489 5,738,462 5,207,798
Bills receivable at Boston
and mine
366,653
382,012
573,576
801,237
149,937
Insurance fund
504,583
353,647
LXXV.
at St. Therese Rapids, three miles above the Chambly power house, has
also been commenced, and It is expected that will be completed
some time next winter. This development will add largely to the
water power of the company, as well as doing away with any possible
interference by frazil. Tne new central eleotrio transforming station
on Queen Street is now nearlng completion and will be the most
modern and complete station on the continent.
The Increase in the output of gas for the year has been 54,291,000
oublofeet. The use of gas for fuel purposes continues to inorease most
satisfactorily. There have been installed during the year 2,010 gas
stoves, 3,148 meters, 1,090 new services, and 69 miles of new mains
have been laid. The inorease in the eleotrio department has also been
highly satisfactory. During the year 13,918 incandescent lamps, 35
arc lamps and 79 motors (equivalent to 756 horse power) have been
added to the company's ciroults.
The contract for the oity lighting expiring In 1904, the city called
for tenders for the lighting of the streets for dve years from that date,
the company being awarded the contract.
In other
Calumet & Hecla Mining Company.
(Report for the
[Vol.
RAILROADS, INCLUDING! STREET R0AD8.
Anthracite Coal Roads.— Troops Called Out.— At Shenandoah, Pa., on Wednesday, a mob of several thousand anthracise strikers came into conflict with the police and deputtes.
Several persons were injured. Sheriff Daddal, of Schuylkill
County, sent to Governor Stone a call for troops, and two
regiments and the Governor's Troop were ordered out.
Yesterday quiet prevailed.
Two or three additional mines have been started up, and
there is talk of further resumption. The difficulty attending
the reopening of the mines was referred to on page 154 of last
week's Chronicle.— V. 75, p. 183.
—
Austin (Tex.) Dam & SnburbanRy StoW.—This property
has been acquired by the Gould estate. Vice-President and
^neral Manager Leroy Trice of the International & Great
Northern Ry. is quoted as saying:
I bought the railway for the Gould estate, whtoh will operate It In
connection with the International A Great Northern RS. The present
owners will also do everything that they can to have the Colorado
G
dam rebuilt.— V. 71, p. 750.
Boston Elevated Ry.— New
River
Stock.— The shareholders
In the
S. Holt says in
substance
on July 25 authorized the increase of the capital stock
President Bancroft says
Under agreements the four controlled oompanies are operated by from $10,000,000 to $15,000,000.
the Montreal Light Heat & Power Co., and being under one manage- that of the $5,000,000 new stock, from $3,000,009 to $4,ment the cost of operation has been largely reduced; but the company 000,000 will be needed to pay for work already done, now
will only receive the full benefit of the combined operation during the
under way and partly contracted for, leaving the remainder
coming year. (V..74, p. 155.)
Of the $7,500,000 of first mortgage bonds authorized Jan. 15, 1902, tor such other expense as the company may have to meet.
$2,500.0o0 has been sold to take up $2,000,000 of outstanding bonds
Bonds.— The $300,000 4 p. c, bonds of the West Ead
of the Montreal & St. Lawrence Light A Power Co., and to provide
last week to Lee, Higginson & Co. were isfor present requirements; $1,405,000 is held In escrow to redeem Street Ry. sold
tie outstanding bonds of the Montreal Oas Co. and the Royal Eleotrio sued to refund $300,000 Highlind Street Ry. 5i which maCo., leaving $3,595,000 of bonds In the treasury for the further tured May 1.— V. 75, p. 183.
requirements of the company. (See V. 74, p. 580.)
The work of completing the full development of the power at
California Street Cable RR. of Sun Francisco.— Dividend
Chambly has prooeeded satisfactorily, and the directors anticipate Increased. The dividend, which has been 50 cents per ($100)
that all the power necessary for the operation of the company's eleoshare per month, has been advanced to 75 cents, or 9 per
trio system will be received by August next, when the three steam
stations will be held as reserve. The development of the water power cent per annum.
first
annual report President H.
1
—
:
Auuvst
2,
—
—
—
THE CHRONICLE.
1903.]
Canadian Northern Ry.— Elevator.— See Canadian Northern Railway Elevator Co. under "Industrials," below.— V. 75,
p. 183.
Canadian Pacific Ry. Fropoted Atlantic Steamship Ser— The company has offered to established a weekJy express steamship service between Quebec and Liverpool in the
summer and between Halifax and Liverpool in the winter,
with a good freight service, provided an adequate subsidy is
guaranteed. The members of the Dominion Government
some years ago were authorized by the Canadian Parliament
vice.
to offer a subsidy of £150,000 ($750,000) for this purpose. If,
as reported, the subsidy is to be much above this figure, it is
supposed England will make good the difference. V. 75, p.
—
76.
Preferred stock, entitled to non-cumulative yearly dividends at the rate of 4 per cent per annum for the
year 1903 and for eaoh and every year thereafter until and including the year 1909, at the rate of 5 per
cent per annum for the year 1910 and for eaoh and
every year thereafter until and luoludlng the year
1916 and at the rate of 6 per cent thereafter. The
preferred stock Is also preferred as to capital. The
holders of the preferred stock are entitled to elect a
majority of the directors, but suoh privilege may be
surrendered with the consent of the holders of twothirds In amount of the preferred stook. The amoumt
of the preferred stook car not be inoreased save with
the consent of two-thirds of each class of stock.
Total authorized issue
Of which Issuable as part consideration for stock of
;
54,000,000
Railway company
52,500,000
Reserved for future acquisitions, etc
1,500,000
Pacific RailThe new stock of the Chicago Rock Island
way Co. to be issued on or before Dec. 31, 1902, under the
option recently extended to the shareholders (V. 75, p. 28) increasing the outstanding issue to $75,000,000, will be purchased at the time of its issue on terms similar to those
above-named upon notice to holders of subscription certifi-
&
C—
Extra Dividend.
Capital Traction Co., Washington, D.
An extra dividend of $4 per share has been declared, payable Aug. 20 to stockholders of record Aug. 4. The usual
quarterly dividend of $1 (1 per cent) per share was paid July
The present distribution, calls for $480,000, and is made
1.
from the proceeds of the old power-house site, which was
sold to the United States Government for the sum of
$550,000; the balance of the amount has been invested in
the company's 4 per cent bonds.— V. 74, p. 723.
—
239
cates.
The new stock and bonds
In exchange for the stock depospresent propisition will be ready for delivery
1902, and at the same time there will be paid an
equal to any dividend which may be distributed on
amount
0.—
Increase
Columbus,
Ry.,
Central Market Street
of
Nov. 1, 1902, on shares represented by the deposit
Stock.—The common stock has been increased from $500,000 or prior to
receipt. See also advertisement on another page.
V.75, p.184.
stock
also
from
preferred
to
and
the
$500,000
$750,to $750,000
Consolidation
Cincinnati Hamilton & Dayton Ry.
of
000, but the $250,000 new preferred is held in the treasury at
Western RR. beBranches.— See Cincinnati Indianapolis
present.— V. 74, p. 883.
under
on Nov. 1,
ited
trie
—
&
low.—V.
73, p. 1111.
Central Pacific Ry.— Payment to Government.—The comCincinnati Hamilton & Indianapolis Ry.— Consolidation.
pany on Thursday paid to the United States Government the
amount remaining unpaid on the principal of the note due —See Cincinnati Indianapolis & Western RR. below.
Cincinnati Indianapolis & Western MM.— Consolidation
Aug. 1.— V. 74, p. 683.
—New Bonds. At meetings in Indianapolis on July 31 it was
Chesapeake & Ohio Ry.— Car Trusts Offered.— Harvey voted to consolidate under this title the Cincinnati Hamilton
Fisk & Sons are offering, on a 4*30 basis, $2,000,000 serial oar & Indianapolis and the Indiana Decatur & Western, both of
trust 4 p.c. gold certificates of $1, COO each, series "B," Girard which roads were controlled by the Cincinnati Hamilton &
Trust Co., Philadelphia. Trustee. These certificates are dated Dayton interests. It was also voted to make a refunding
Aug. 15, 1902 (interest February and August) and are payable mortgage to secure, it is said, $8,200,000 of 4 p. c. bonds, of
$200,000 annually from Aug. 15, 1903, to Aug. 15. 1912, both which $1,800,000 will be reserved to retire a like amount of
inclusive.
The certificates are issued by the trustee and C. H. & I. 7s due Jan. 1, 1903, and a further amount to take
are secured by an assignment of a leaee contract with the up the $2,757,000 of existing bonds of the I. D. & W. due in
railway company of equipment costing $2,343,120. They are 1935, but subject to call any time at 110 and interest. The
free from tax in Pennsylvania.
V. 75, p. 183.
remainder will be available on account of extensions, improvements and equipment. The consolidated lines aggreChicago & Eastern Illinois RR. Change in Control.
gate about 369 miles and include an east and- west line from
See St. Louis & San Francisco RR. below.— V. 75, p. 28.
Hamilton, O., to Springfield, 111., 291 miles, and a north-andChicago Indianapolis & Louisville Ry.— Notice to Share- pouth line from Sidell, III., to West Liberty, 111., 78 miles.
holders.— Notice is given that holders of 72 per cent of the See map on pae;e 46 of Investobs' Supplement.
preferred and 92% per cent of the common stock have now
Choctaw Oklahoma & Gulf RR.— Bonds Offered— Edward
accepted the offer of May 20 (V. 74, p. 1138) and deposited
B. Smith & Co. are dealing in the company's first consolitheir shares pursuant to the terms thereof. The time for
dated mortgage 5 p. c. gold bords, due May 1, 1952.
depositing stock is further extended to and including Aug.
Amount autnorized, $12,460,000; reserved to retire underly31, 1902, but only on condition that stockholders so depositing liens, §9,025,000; amount outstanding, $3,435,000. A typeing their stock shall not be entitled to receive any portion
written circular says:
of the purchase price therefor in cash, but only in bonds.—
These bonds are a nrst mortgage on 157 miles of the Ch c taw Sys-
—
—
V.
—
75, p. 28.
Chicago Rock Island
&
Pacific Railroad.— Incorporated.
This company filed articles of incorporation in Iowa on
William T. Rankin is President.
July 31.
See Chicago
Rock Island & Pacific Railway below.
—
Chicago Rock Island & Pacific Railway. — Plan.—
At advertisement on another page announces the terms
tem, extending from Halleyvlile, I. T., in the heart of the coal fields
controlled by the company, to Ardmore. I. T.. and from Elk City,
Oklahoma, to the boundary line between Oklahoma and Texas. The
above lines are reoent extensions of the Choctaw system, through fertile and rapidly growing oountry.
Business along these lines Is well
diversified, ana connections are made with important systems, suoh as
the Atchison Topeka & Santa Fe, Missouri Kansas & Texas and the
St. Louis & San Francisco, with which companies favorable traffic
contracts for the interchange of business have been concluded. The
bonds are further secured bv a lien on the entire property of the
Choctaw Oklahoma & Gulf RR. Co., subject to its prior and divisional
liens.— V. 74, p. 1307.
approved by a majority in interest of the company's
shareholders and recommended by its directors for the "reColumbus & Southern Ry.— Successor Company.—This
organization" of the company's capitalization. Under the
plan there has been formed a new operating company company was incorporated at Columbus, O., on July 26, with
known as the Chicago Rock Island & Pacific Railroad $2,000,000 authorized capital stock, as successor of the ColumCo. of
Iowa (see above), which will issue the new bus Wellston & Southern RR. (formerly the Lancaster &
bonds called for by the plan. There has also been organized Hamden RR ), recently sold at auction. The road is in
under the laws of New Jersey the "Rock Inland Co." (see operation from Lancaster Junction on the Cincinnati & Musthat company below), which will own all the stock ($125,- kiDgum Valley Ry. to South Bloomingville, O., 34 miles, and
000,000) of the Iowa company; its own shares will be givea is projected to run from Columbus to Wellston, 100 miles,
along with the bonds of the Iowa company in exchange for with branches from Lancaster, Hamden and Allenville. Insuch of the stock of the existing Chicago Rock Island & Pa corporators: Livingston Curling, John G.Reeves, George
Hoadley Jr., B. F. Dan and A. B. Kiefaber.
cific Railway as shall, on or before Sept. 1, be deposited with
the Central Trust Co. For each $100 of the stock so deposited
Columbus Wellston & Southern RR.— Successor Company,
will be given:
—See Columbus & Southern Ry. below.— V. 75, p. 184.
$100 In 4 per cent gold bonds of O. E. I. & P. RR. (of Iowa),
Dallas (Tex.) Terminal Ry. & Union Depot Co.-Mort$70 in the preferred stook of the Rock Island Co. (of N. J).
gage.
The shareholders will vote on Sept. 23 at the office of
In
the
common
stook
$100
of the Rock Island Co. (of N. J).
the company
Dallas on a proposition to make a first mortThe new securities to be issued to the public, are de- gage securinginnot
exceeding $1,000,000 bonds "for the purscribed as follows
pose of constructing, completing, equipping and improving
New Securities.
its lines of railway and property, and taking up and dischargBonds of Chicago Rock Island & Pacific Railroad (of Iowa).
ing the bonds of the company now outstanding, and for other
Four p. c. gold bonds, due Nov. 1, 2002, and bearing Interest from lawful corporate purposes." An advertisement says:
Nov. 1, 1902, payable May 1 and Nov. 1 In New York, free of tax
The lines of railway now in existence and in contemplation or concoupon bonds for $l,C0O each, with the privilege of registration as to
,
—
;
and registered bonds of $5,000, or multiple thereof, the
coupon bonds and registered bonds being interchangeable
Secured under trust agreement with Central Trust Co. of New
York by the pledge of all shares of the capital stock of the present
Chicago Roc* Island & Paoiflo Railway Co. which may be acquired
under thi* offer of purchase or otherwise, and issued only to a face
amount equal to the par value of the stock pledged under the trust
agreement. Total Issue in no case to exceed
$75,000,000
(All Issuable as part consideration for stock of Railway company.)
Slock of Rock Island Co (of New Jersey).
Common slock, in $100 shares, total authorized issue... $96,000,000
Of which issuable as part consideration for stook of
Railway company.
75,000,000
principal,
Reserved for future issue for the acquisition of additional properties and other corporate purposes
21,000,000
struction are located and to be located upon the following streets of
the olty of Dallas, to wit: Broadway, Water, Lamar, Austin. Market,
Combes streets and Parry and Armstrong avenues, and on private
property owned and to be acquired by said railway company.
W. C. Connor is President and H. T. Allen, Secretary. See
Investors' Supplement of October, 1899, and V. 74, p. 93.
Denver Northwestern & Pacific Ry.— Stock-Directors.—
Of the $20,000,000 capital stock one-half is described as 5 per
cent non-cumulative preferred. The incorporators are:
D. H. Moffat, Walter Cheesman, Charles Hughes Jr., 8. M. Perry,
Frank B. Gibson, George E. Ross-Lewin and William G. Evans.
Mortgage.— The Mercantile Trust Co. of this city will, it is
announced, be trustee under the mortgage— V. 75, p. 184, 184.
:
:
THE CHRONICLE.
240
Gulf & Ship Island
RR.— Improvements.— The
dredging
of the channel from Gulfporfc to Ship Island Harbor is finished, with the exception of the last two cuts; the entire
work will be completed in September. The suction dredge
is now filling the outer part of the pier between the bulkheads with material taken from the anchorage basin. The
indications are that the carpenter work on the pier, including both outer wharves, the length of which is about
2,600 feet, will be finished by Sept. 1.
Traffic—The company delivered to its connections in the
fiscal year ending June 30, 1902, 30,973 loaded cars, as compared with 20,935 cars in 1901, the increase being 48 p. c,
while the receipts were 14,592 loaded cars, as against 11,(559
cars the year before, an increase of 25 p. c. In the ten months
of the cotton year 1902, covering the period from September,
1901, to June, 1902, inclusive, the railroad handled at all stations 52,936 bales of cotton, as against 25,657 bales in the corresponding period of the previous year. The increase of
V. 75, p. 184,
27,279 bales is equivalent to 106 p.
c—
Helena (Mont.) Light & Traction Co.—Reorganize i Company. This company has been incorporated in Mmtana with
$100,000 authorized capital stock as successor of the Helena
—
Power & Light, foreclosed (V. 74, p.
A. Marlowe and Norman B. Holter,
1254). Directors: Thos.
of ^Helena, and Kenneth
Clark, of St. Paul, Minn.
Helena (Mont.) Power & Light Co.—Successor.—See Helena
& Traction Co.
above— V. 74, p. 1254.
Hocking Valley Ey.— Called Bonds.—The
Light
Co. will pay on Oat.
1
at par
Columbus Hocking Valley
and
&
interest fifty-five ($55,000)
Toledo Railway car trust
redemption.—V. 75, p. 77.
Indiana Decatar & Western Ry.— Consolidation,— See
Cincinnati Indianapolis & Western RR. above. V. 73, p. 957.
Mexican Central Ry.—Readjustment Plan.—President
Robinson sailed this week for Europe to adjust details in connection with the plan for the readjustment of the capitalization of the^Mexican Central. The main features of the plan,
it is understood, have been agreed upon and it is thought
that it can very shortly be announced. New securities will
be given to the stockholders to offset the assessment it is
proposed to make. Tne new management have extensive
plans for the improvement of the property.—V. 75, p. 77.
Montgomery (Ala.) Traction Co.—Incorporate i.—This new
company, which is building a trolley line from Montgomery
to Pickett Springs, and proposes to build lines on various
streets in Montgomery, has been incorporated in Alabama
with $1,000,000 authorized capital stock in $100 shares. The
incorporators are: Barrie L Holt. W. H. Ragland, W. F.
Vandiver, Edward A. Graham and W. T. Robertson.— V. 74,
series
"A" bonds
Year Bonds," which are secured by
called for
—
p. 680.
Mnskogee City Bridge Co.—Mortgage.— This company,
whoee bridge across the Arkansas River, near Fort Gibson,
&
Ind. Ttr., will be used under a 99 year lease by the Ozark
Cherokee Central Ry., has made a mortgage to the St. Louis
Union Trust Co., as trustee, to secure $100,000 of 5 p. c. $1,000
gold bonds, dated June 1, 1902, and due July 1, 1942, but
subject to redemption on July 1, 1937, or any coupon day
thereafter at the company's option. Under the lease the
rail way company covenants to pay all taxes and insurance,
cost ot maintenance, $500 for organization expenses, and an
amount equal to interest on the bonds, and at maturity an
amount equal to the principal thereof.
New York Central & Hudson River R.R.—Electric Motive
Power for all Trains entering New York City Mayor Low
on Thursday, in his fourth weekly talk on the needs of this
city of New York, this time dealing with its rapid transit and
bridge requirements, said in part
I am now authorized by the President of the New York Central Ballroad to say that his road Is ready to enter Into a stipulation with the
city, It the city will approve the changes whloh they now wish to make
at the Grand Central depot, to substitute eleotrlolty for steam, not
only for their suburban but also for their through trallio and that
they will sign a contract for the ereotlon of power-houseB adequate for
both of these purposes Immediately after the approval by the city of
—
;
their terminal plans.
The attitude of the oompany makes It probable, though, perhaps, not
entirely certain, that It will not be neoessary to oarry any loop under
Madison Avenue in other words, all that the railroad oompany asks
of the olty now is to be permitted to throw the western roadway of
Park Ave. below 56th St. into the approach to Its yards and to close
certain portions of the cross streets that will be wholly enolosed
within its yard, as the oompany proposes to enlarge it. The railroad
oompany has bought substantially all of the property affected by these
changes, and proposes to give to the olty a new roadway for Park Ave.
adjacent to its present one and of equal width, and to pay tne olty for
all the streets that may be closed ia connection with its yard.
;
This matter, he says, will be brought before the proper
boards for action in September. V. 74, p. 1356.
Norfolk & Southern RR.— Listed.— The New York Stock
Exchange has listed $30,000 first mortgage 53, making total
—
$1,380,000. These additional bonds were sold at 110 and in
terest to pay for the extension which is under construction
from Virginia Beach to Cape Henry.Va., 7 miles.— V. 74, p. 830.
Northern Securities Co.— Dividend.— A third quarterly
1 per cent has been declared; it is payable Aug.
The Northern Pacific Ry, Co. also has declared a quar1.
dividend of
terly dividend of \}4 percent on the common stack, payable
Aug. 1; this is the same amount as paid last May.
Stock Pledged.—See abstract of collateral trust deed of
Oregon Short Line RR, on a subsequent page.— V. 75, p. 135.
Oregon Short Line RR.— Abstract of Mortgage.—On pages
243 to 246 we give an abstract of the collateral ti u ^t deed securing the new "Four per Cent and Participating Twenty- five-
LXXV.
capital stock of
the
Northern Securities Co. Shareholders of the Union Pacific
have the privilege between August 1 and 15, inclusive, of
subscribing for these bonds at 90 and accrued interest to the
extent of 15 per cent of their holdings. See advertisement of
notice to stockholders in another column.— V. 75, p. 135.
Ozark & Cherokee Central Ry.— Bridge. -See Muskogee
City Bridge Co. above.—V.
Quebec Southern
Ry.
"
low.—V, 74, p.
75. p. 78.
—See South Shore
Railway Co.
be-
Rapid Transit in New York City.— Mayor Low's Recommendation. See New York Central & Hudson River RR.
above for one of the proposed changes. The Mayor also recommends that the Rapid Transit Commission proceed to
perfect a franchise for an elevated railroad directly connecting the piers upon the west side of Manhattan Island with
the New York Central and the Pennsylvania Railroad systems, the franchise either to b9 let, under the terms of the
existing law, or legislation to be had which will enable the
city to build the road itself and rent it to the highest bidder.
V. 75, p. 186.
Rochester & Sodas Bay RR.— Consolidation.—The
Rochester & Sodus Bay Rv. and the Irondequoit Park RR.
Co. were consolidated on July 25 under the title of Rochester
& Sodus Bay Railroad Co., the latter's capital stock being
—
—
$1,850,000, of
Atlantic Trust
[Vol.
which $750,000
is
Tne
preferred.
directors are
K
T. J. Nieholl, G. G. Morehouse, Rooheeter; Benjamin Strong, F.
Trask, C. H. Burbank, Joseph E. Buokley, New York; D. W. Gibson
Montolalr, N. J.; John L. Lockwood Jr.. Rosalind, N. J.; Arthur C
Vaughan, Garden City, N. Y.— V. 73. p. 1265.
Company.— Incorporated.—This company
incorporation at Jersey City on Wednesday
preparatory to carrying out toe plan for the so-called reorganization of the Ctiicago Rock Island
Pacific Ry. The
new company's authorized capital stock is $150,000,000, and
the plan, which is given above under
is fully desoribed in
the caption of the Railway Company. Tne "Rock Island
Company" has no mortgage indebtedness.
The articles of incorporation are interesting in several respects, among which may be noted:
Rock
Island
filed articles of
&
There are to be nine direotors, divided into five classes; the first
olass includes five, or a majority of the whole number, and Is to be
elected exclusively by a vote of the preferred stook, of whloh the issue
is limited to $54,000,000. 1 he other classes include one director eaoh.
The term of eaoh olass is to be five years, exospt that upon the organization of the company the first olass shall serve until the fifth annual
election, the second untU the fourth annual election, and so on.
The board of direotors has the power to dispose of any of the company's properly or mortgage it, and to determine if, when and to what
extent the book* or aooounts may be. opened t» the inspection of
stockholders. The direotors also have the power to vary the amount
of the working capital, but no reservation for working oapital shall
be made ont of the net profits of any year until after the payment for
such year of the dividends on the preferred stock of the oompany,
"unless the amount applloable to suoh dividend or remaining after the
payment of one or more dividends at the fall quarterly rates above
•peottied shall be less than the amount then required for the payment
of one quarterly dividend on the outstanding preferred stook at said
rates."
In its discretion the board of direotors may use and apply the working capital In purchasing or acquiring the shares of the oapital stook
of the oompany to suoh extent and in suoh manner and upon suoh
terms as the board of direotors shall deem expedient; bnt shares of
suoh oapital stook so purchased aod aoqulred may be re-sold, unless
such shares shall have been retired for tne purpose of decreasing the
oapital stook of the oompany as authorized by law.
Rutland RR.
—Deere?.—The decree in
the oases of contracSheehan, who built a part of the RutlandCanadian road, has been filed by Judge Wheeler in the
United States Circuit Court at Rutland; it awards the contra-otors $208,828 87, of which $156,532 91 is against the Rutland RR. Co. and $52,09)96 against Percival Clement personally.—V. 74, p. 1356.
St. Louis & San Francisco It It.— Purchase.— This company
has acquired a controlling interest in tae stock ot the Chicago & Eastern Illinois. Official announcement regarding
the matter will be made, it is stated, next week. We understand the plan provides for the retirement of the stock of the
Chicago & Eastern Illinois (aggregating about $14,000,000)
with an issue of trust certificates of the St. Liuis&San
Francisco, such as were use! to take up the stock of the
Kansas City Fort Scott & Memphis, the common stock of
the Eastern Illinois to be exchanged on the basis of about
$100 par value for $250 in trust certificates, interest on which
Ia
will be guaranteed at the rate of 4 per cent per annum.
that event the holders of the $7,197,800 common stock of the
Eastern Illinois will receive the equivalent of a guaranty of
10 per cent on their holdings.
Arrangements for a physical connection of the properties,
we are advised, have been practically completed; presumably
by use of one of the existing lines between St. Louis and the
C. & E. I. The Bvansville & Terre Haute is not included in
the deal. Officials of the 'Frisco disclaim any knowledge of
other interests beinsr back of them in the acquisition of the
Chicago & Eastern Illinois, as has been rumored during the
week.
Denied. The Texas Railroad Commission has again declined to approve the^request for permission to lease the Paris
& Great Northern and the St. Louis San Francisco & Texas
railroads, on the ground that the lease of lines within the
State to a corporation whose lines are wholly without the
State would be unconstitutional. This is in accordance with
the opinion of Attorney General C. K. Dell, who holds that
the Act of the Legislature authorizing leases when approved
by the Commission is unconstitutional. V. 75, p. 30.
tors O'Brien
&
—
—
—
AUOCST
THE CHRONICLE.
1902.]
3,
241
worth an amount at least equal to all
South Shore Railway Co. Syndicate.— Reorganization.— that the assets are reasonably
indebtedness and all the outstanding stook. These assets consist of
Holders of a majority in amount of South Shore Railway the
merchandise accounts, bills receivable, machinery, real estate, and
Company Syndicate receipts desiring to take prompt and a group of patents covering the multioolor process of lithographing,
united action for the protection of their interests have which are revolutionizing that industry. Th« real estate owned by
corporation is worth largely to exceed the figures at which it is
agreed to deposit their receipts with a committee consisting the
carried on the books of the company. Exoluslve of the value of the
cf Richard Sutro, Chairman, William F. Harrity and Charles good will and patents, the corporation has available assets which
E. Kimball, with BeDJamin W. Loeb. 25 Broad St., as Secre- could be readily oonverted into cash to the extent of 1. 430,000 In exliabilities, including therein the debentures, whloh are not payThe committee is vested with full powers for securing cess of
tary.
able until the corporation is wound up.
a readjustment of the affairs of the Syndicate and Railway
At the rate of sales during the first six months of this year, its sales
Company alODg such lines as upon full investigation may during the entire year will aggregate $2,700,000; last year they agseem advisable. Holders wishing to participate in the reor- gregated $2,300,000. The business is constantly increasing, and the
profits during the past two years have enabled It to pay
ganization should deposit their Syndicate receipts with the oompany's
interest on its deuentures.
Standard Trust Co., 25 Broad St., as depositary, on or before
There has been surrendered to the corporation by various stockAug. 29. The Syndicate has purchased $299,000 of the $300,- holders $1,112,921 of its common stock, so that there is now outstana$2,670,100 only. Of this the directors represent $2,352,300, or
000 capital stock and all the $270,000 first mortgage 4 p. c. ing
V3.523 chares. They likewise represent $1,819,900 out of a total of
bonds of the South Shore Ry. and a large amount of its in- $2,284,000 of debentures.
debtedness. The sale of ihe property to the Quebec Southern
The case will come up two weeks hence. Hilton, it is
was arranged last January (V. 74, p. 152), but the present claimed, is acting for a former Vice-President of the comagreement provides for any change in the status of the South pany whose resignation was demanded. In addition to the
Shore Ry. that may be thought advisable.
debentures there are $816,600 mortgage bonds; Morton Trust
Suburban (Electric) RR., Chicago.— Receiver.— On Wed- Co., trustee. See also "New York Times" of July 30 and 31.
nesday, upon application of the mortgage trustee (the ChiAmerican National Watch Co,— Change of Name.— The
cago Title & Trust Co.) Judge Horton appointed L. S. Owscompany
has changed its name to South Bend Watch Co.
Interest
ley, of Chicago, receiver of the Suburban RR. Co.
See V. 74, p. 1141.
on the bonds is in default. V. 65, p. 236.
American Steel Foundries Co.— Directors. On Thursday
Tallulah Fslls (Ga.) Ry.— New Stock.—This company, successor in 1898 of the Blue Ridge & Atlantic RR., foreclosed the following directors (and officers) were elected:
President, Joseph E. Schwab; First Vice-President. Daniel Eaean;
(V. 66, p. 810), has been granted an amended charter, increasing its capital stock from $300,000 (of which $100,000 is pre Second Vice-President, Clarence H. Howard; General Counsel, Max
Pam; Eben B. Thomas, Wm. C. Brown. J. M. Schoonmaker, Alfred
The road Clifford,
f erred) to $500,000, of which $250,000 is preferred.
S. B. Callaway, Wm. K. Bixby, Leslie D. Ward, Edward
is in operation'from Cornelia to Tallulah, 21 miles, and is being Shearson, Charles Miller, Lewis Nixon. George B. Leiehton, Edward
extended from Tallulah Falls, Ga.,to North Carolina line, 25 F. Goltra. W. D. Sargent, Arthur J. Eddy, Howard R. Wood, Kenneth
MoLaren and Donald H. Mann.
miles. The preferred stock is 5 per cent non- cumulative; K.Executive
Committee— Messrs. Sohwab, Chairman; Leighton, HowIn
1901
first
mortgage
was
made
a
par value of shares $100.
ard, Eagan, Thomas, Goltra and Pam.
to the International Trust Co. of Boston, as trustee, to secure
Secretary and Treasurer F. E. Patterson. - V. 74, p. 1357.
$600,000 of 5 p. c. $1,000 gold bonds due July 1, 1921; of these
American Union Electric Co.—Status.— J. P. Pierson Jr.
$282,000 are outstanding. Geo. L. Prentiss of this city is
Co., 11 Wall St., have favored us with the following:
President.— V. 66, p. 810.
company Is organized under the laws of New Jersey; authorThis
Toledo Railways & Light Co.— Eng raved Certificates.—
capital stock, $7,000,000; outstanding, $5,200,000; plant at East
On and after Aug. 6th, 1902, the interim certificates for the ized
Orange, N. J. This company is an amalgamation of the Union Bailcapital stock may be presented at the office of the Western way, Power & Eleotiio Co.. the Morris Eleotrio Co., the Fountain Mfg.
Reserve Trust Co., in Cleveland, O., who will issue in ex- do., the Falcon Electric Mfg. Co., the Eleotrio Motor Specialty Co. and
Federal Mfg. & Specialty Co. The business of the oompany la the
change an order on the New York Transfer Agents, Kean, the
manufacture of railway equipments and eleotric devloes. The plants
Van Cortlandt & Co., 26 Nassau Street, for definitive en- of the several companies will be removed to the main plant at East
graved certificates representing an equal number of shares.— Orange, N. J.
V. 74, p. 1309.
The executive offices of the company are located at No. 15
Cortlandt
St., N. Y. City.
Union Pacific RR.— Mortgage Abstract.— An abstract of
the collateral trust deed securing the " four per cent and
Armour & Co., Packing.— Reported Purchase. — Chicago
participating 25-year gold bonds " of the Oregon Short Line advices state that the purchase of a controlling interest in
RR., which were recently offered for sale, will be found on the G. H. Hammond Co. and the Hammond Packing Co. is
pages 243 to 246 of this issue of the Chronicle.— V.,75, p. 136. believei to have been virtually effected by or in the inteiest
Union Ry. Co. of Memphis, Tenn. Mortgage.— The of Armour & Co. Swift & Co. also have purchased the busishareholders at the meeting on July 23 not only approved ness of Stnrtevant & Haley of Boston, a concern with a large
the proposition to sell 55 p. c. of the stock to Geo. J. Gould, wholesale trade in New England. Altogether the course of
but authorized the making of a mortgage to the Mercantile events favors the belief that a more or less general merger or
Trust Co. of this city, as trustee, to secure $1,000,COO of 5 amalgamation of packing interests is in progress, as has been
rumored for some time past. V. 74, p. 1198.J
p. c. gold bonds.— V. 75, p. 186.
Bowker Fertilizer Co.— Sale.— See American Agricultural
Chemical Co. above.
INDUSTRIAL. GAS AND MISCELLANEOUS.
Canadian Northern Railway Elevator Co., Limited, TorAlliance Realty Co.— Consolidation.— See United States onto, Ont.—New Enterprise.— This oompany, with $500,000
capital stock, has obtained a charter at Toronto, Ont. IncorRealty & Construction Co. below. V. 75, p. 79.
American Agricultural Chemical Co.— Purchase of Bow- porators: William Mackenzie, D, D. Mann, Z. A. Lash, R. P.
ker Company. The shareholders of the Bowker Fertilizer Ormsby and R. J. Mackenzie.
Co. will vote Aug. 4 on a plan approved by the directors of
Central Realty, Bond & Trust Co.— Sale—New Stock.—
the company to sell its plants, equipment, merchandise and See United States Realty & Construction Co. below.
good-will to the American Agricultural Chemical Co. at a
Chesapeake & Potomac Telephone Co.— Dividends Susprice to be determined by three appraisers, such price to be pended.— Dividends have been temporarily suspended.
paid in the preferred stock of the purchaser at par. The Washington banking house, replying to our inquiry, says:
Bowker Company will retain its cash on hand and its'bills reThis is the result of extensions and the costliness of the underground
ceivable, etc. the assets so retained are believed to be in ex- service whioh Congress has compelled the company to use in the Discess of its liabilities. The property sold is estimated to be trict. New real estate has been acquired for the establishment of
offices designed to handle the growing business of the oompany
worth $950,000 and upward. The Bowker Company will pro- branch
in various sections of the city. Litigation has been going on for years
ceed to liquidate and will ultimately distribute its net assets in the matter of rates charged, and the constitutionality of an Act of
Congress providing for material reductions In rates has been the basis
in cash among the holders of its $1,000,000 capital stock.
The purchase of the Bowker Company's business has long of this contest. The Supreme Court of the United States reoently sent
the case back to the Court of Appeals for further investigation. The
been thought desirable, but heretofore has been impossible oompany Is doing
a splendid business both here and in Maryland, but
owing to the high price demanded. The alleged misuse has some competition in Baltimore, whioh makes a shading in rates
of about $120,000 notes of the Bowker Company by its necessary from time to time.— V. 72, p. 393.
Treasurer for the benefit of the Dudley Hosiery Mills, now
Colorado Fuel & Iron Co.— Listing.— The New York Stock
in receiver's hands, is understood to have led to the sale on Exchange has been requested to list $3,000,000 additional
the terms named. The Bowker Company is reported to nave convertible debentures, making total $12,069,000, an addian output of about 55,000 tons yearly; dividends at the rate tional $931,000 having been turned into stock some months
of 6 per cent per annum have been paid for some time.— V. ago.— V. 75, p. 187.
73, p. 664.
(George A.) Fuller Co.— Consolidation.— See United States
American Lithographic Co.— Status.— Benjamin Hilton, Realty & Construction Co. below.— V. 75, p. 188.
of East Orange, N. J., holder of 50 shares of the company's
Engineering Company of America.— Incorporated. This
capital stock, applied to Attorney- General Davies at Albany company was recently
incorporated in New Jersey with $5,on July 29 for a receiver for the company on the ground of 000,000 authorized capital stock in $100 shares, of which $2,000,insolvency. Louis Marshall, of the law firm of Guggen- 000 is 6 per cent
non-cumulative preferred (no bonds) and has
heimer, Untermeyer & Marshall, representing the majority acquired by purchase the property and assets of the Cunningof the stockholders, denies that the company is otherwise ham
Engineering Co. cf Boston, a Massachusetts corporathan prosperous and says:
tion, with a capital of $100,000.
The new company will issue
The company was reorganized under the laws of New York about
at
present
only
and $1,230,000 of its
of
its
common
$615,000
Jan. l, 1896. Its capital oonslsted of common stock to the amount of
The charter, which was described in the
$3,783,100, and debentures to the amount of $2,284,000. The latter preferred stock.
carry Interest at the rate of 6 per cent, payable only out of earnings, "New York Evening Post" of July 19, under caption "An In"">:prlnolpal not being payable until the winding up of the corporation.
teresting Charter," ensures reasonable publicity of the comThe corporation
always paid its obligations at maturity and It Is
m excellent oredlt has
and Its business is profitable. A complete exhibit pany's accounts. It further permits of the construction
of all Its assets and liabilities has been made to the Court, showing of heavy steam vehicles of 2 tons or over for commercial purif
—
—
&
—
—
—
A
;
—
—
:
—
:
;
THE CHRONICLE.
242
development of transportation companies in different cities and the construction of apparatus for electric cars.
The Cunningham charter permitted only the making of parts
poses, the
for vehicles.
The officers are: President, Alvah Trowbridge, New York;
Vice-President, Charles P. Smith, Fitch burg, Mass.; Secretary and Treasurer, Fred. D. Stanley, 626 Tremont Building,
Boston. The directors are: James D. Livingston, New York;
Marshall D. Barr, D. C. Fisk, Worcester; Henry A. Belcher,
Boston; H. L. Herbert, New York, and Charles B. Duffy of
Worcester.
Federal Salt Co —Reduction of Stock.—The shareholders
have voted to decrease the capital stock from $500,000 to
$100,000 by changing the par value of shares from $100 to
$20.— V. 71, p. 1271.
G. H. Hammond Co.— Sale.— See Armour & Co, above. V.
—
74, p. 886.
Jones & Langhlin Steel Co.— Property Transferred— Stock
and Bonds— Official Statement. — The partnership of Jones &
Laughlins, Limited, on Aug. 1, 1902, transferred its properand assets to a corporation under the laws of Pennsylvania, designated "Jones & Langhlin Steel Company," with
ties
a capital of $30,000,000, book value. An issue of $10,000,000
bonds has also baen provided for, wbich may be used as
seems expedient, in improvements and enlargements or for
any other purpose. It is not the present intention that any
of the stock or bonds shall be placed on the market.
The change is made desirable by reason of the early expiration of the present partnership by limitation, the more enduring form of commercial existence and better facilities
secured under corporate laws.
No change is contemplated in the ownership or policy of
the company. The officers and directors will be as follows
Dlreotors—B. F Jones, H. A. Laughlin, G. M. Laughlin, James
:
Laughlin
Jr., B. F.
Jones
Jr., Willis L.
King, William Larimer Joues,
Thomas O'Conor Jones, Irwin B. Laughlin, J. B. Langhlin, W.
Moreland, R aland Gerry, W. W. WiUock, Robert Geddls and Henry
C.
8.
Klehl.
Officers— B. F. Jones Jr., President; Willis L. King, Vioe-President;
William Larimer Jones, General Manager; Irwin B. Langhlin, Treasurer; T. K. Laughlin, Assistant Treasurer; W. O. Moreland, 8eoretary;
Wendell Van Hook, Auditor.
An
statement a9 to the company's business
1142. The subsidiary concerns are said to be
officially revised
was in V. 74, p.
as follows
Vesta Coal Co., which is developing 8.000 acres; the Inter State
Iron Co., which, with oapital of $3,000,000, covers the iron ore interests of the company along Lake Superior; the Blair Limestone Co..
Limited, operating the limestone quarries in Cambria County; the
Moiiongahela Connecting UK. C o., operating the terminal railroad
system, and the Angeline Dock Co., operating docks at Ashtabula
Harbor.- V. 74, p. 1255.
[Vol.
LXXV.
Common stock In $100
shares "will not be issued in excess of an amount upon which the net earnings of the
constituent oompaniea after paying interest and dividends upon prior loans and securities of these companies, upon the basis of present or past earnings,
with estimated economies, will show dividends of at
least 4 per cent per annum remaining for distribution upon the common stock of the New England
Company issued." Total authorized issue
$ 11,000,000
Of which issuable in exchange as per table below (but
eee"x")
2,650,500
Issuable to syndioate for expenses of organization, obtaining cash subscription to bonds or pref. stock,
realizing $100,000 cash for working capital, etc
1,881,250
Issuable on account of Whitman, Abington and Arlington properties
335,000
Balance (see "y," below)
6,133,250
Preferred stoclc. 6 per cent non-oumulatlve, in $100
sh res, with preference as to assets as well as dividends; "none of the preferred stock shall be issued except for oash or in exchange for the preferred stook
of other oompanies doing a similar business, or for
actual tangible property, exclusive of good-will,
patents, etc" Total authorized issue
z $3,000,000
Of wt^ieh issuable in exchange as per table below (but
see *x"
650,000
Balance (see "y," below)
2,350,000
First
and
collateral trust sinking
fund mortgages p
o.
gold ooupon bonds, due In SO years, but subject to call,
In whole or In part, at any time, at 1 10 and Interest,
on 3 months' notice; denomination, $1,000 each;
bonds bear Interest from July 1, 1902, and are secured
by a first mortgage to the Manufacturers' Trust Co.
of Providenoe. R. I aB trustee, covering all of the securities acquired In exchange for securities of the
,
New England Company and all real and personal
property present or future acquired. Sinking fund
requires the annual redemption, by purchase or
110 and Interest, of at least oneamount at par of bonds at the
time issued and outstanding. "None of the mortgage
bonds shall be Issued except for cash or in exchange
for first mortgage bonds of companies conducting a
similar business, or in exchange for first mortgage
bonds up;>n properties acquired by tha New Eagland
Company, or In exchange for such pr jperties." Total
authorized issue
z 13,000,000
Of which issuable In exohange as per table below (bat
see "x')
710,000
Issuable on account of Whitman, Abing on and Arlington properties
65,000
Balance (see "f," below)
2,225,000
drawing by
lot at
fortieth part of the
x "All of the said preferred stock, common stock and bonds set aside for the
purpose of acquiring all of the first mortgage bonds, preferred stock and common
stock of the eompauiei below-named not used within six months from the date
hereof in acquiring said securities on the basis of the exchange herein provided for, and deposited with said TrustlCompany for, that purpose, shall be delivered by said Trust Company to and become the property of the New England
Company in absolute ownership."
y "Bonds, preferred stock and common stock not set aside for the purposes of
thisagreeement (in respect to specific companies named) shall remain unissued,
to be sold or exchanged hereafter as herein provided and the proceeds used to
develop the business of said New England Company."
z"No additi' n>il issue of preferred stock and no mortgage other than the
mortgage hcein mentioned or Interest on any mortgage shall be made, assumed or guaranteed by the company without the consent in writing or by
vote at a duly-called meeting of the holders of two-thirds in amount at par of
the preferred stock actually issued and outstanding."
LeRoy (N. Y.) bias & Electric Co.— See page 246.
Tae terms offered to the security holders
Lower Niagara River Power & Water S apply Co., Lewis- companies above mentioned are as follows
ton, N. Y. Incorporated.— This company was incorporated
of the leading
:
at Albany on July 9 with $5,000,OOJ authorized capital stock.
The directors are: James Low, James S. Simmons and F. J.
Brown of Niagara Falls.
Monongahela River Consolidated Coal & Coke Co.— Competition.— The company, it is announced, is arranging largely
to increase its shipments of coal by rail. Thi3 is in line with
the rumors for som^ time current of the termination of the
agreement with the Pittsburg Coal Coal Co. for division of
territory.— V. 74, p, 266.
National Safe Deposit Co. Building Bonds.— Stockholders
of the First National Bank of Chicago of record July 25 were
privileged to subscribe at par and interest to $2,500,000 first
mortgage 4 per cent $1,000 gold bonds issued by the National Safe Deposit Co. to defray part of the cost of the new
17-story bank building. This building is being erected at the
corner of Monroe and Dearborn streets, Chicago 232 feet on
Monroe and 190 feet on Dearborn. The bonds are dated Aug.
1, 1902, and mature $53,000 each year, 1912 to 1931, inclusive,
and $1,500,000 ia 1932 interest payable Feb. 1 and Aug. 1 at
the First National Bank of Chicago. The interest on these
bonds is further secured as per the following extract from
the trust deed
—
;
The First National Bank of Chicago has further agreed to and with the company that the lease from the company to said bank of space to be occupied by
said bank in the said building and all renewals thereof shall contain the provision to the eflect Unit the sum of $100,000 per annum to be paid by the said
bank as rent and for storage as aforesaid shall, while there are outstanding
during the term of the lease any of^the 4 per cent gold bonds of the company,
be applied by said bank direct to the payment of interest on said bonds as it
falls due, according to the tenor of said bonds and coupons.
New England Consolidated Ice Companies.— ProspectusAcquisitions. This company, incorporated recently under
the laws of New Jersey, has acquired a majority of the
capital stock of the following companies, mentioned in
the prospectus: Providence Ice Co. of Providence, R. I.;
Commonwealth Hygienic Ice. Co. of Boston, Mass.; Taunton
Ice Co. of Taunton, Mass., and Brockton Ice
Coal Co. of
Brockton, Mass. The prospectus states that it is also proposed to acquire hereafter the properties or at least a majority of the capital stock of certain other ice companies in
New England already incorporated or to be incorporated
The company has since acquired ice properties in Whit
man, Abington, and Arlington, Mass.
a property in
Quincy, Mass., will probably betaken over soon.
The securities of the new company and the purposes to
which they have been applied or are applicable under the
terms of the prospectus are as follows
—
&
;
:
,
Will be given
Pref. Com.
>
Bonds . stock,
For each 11.000 principal of
$1,000
Providence Ice Co. pref. 7 p. a non- cum. stock (§403,000)
Common stock (Sl.i'OO.OOO); shares *100 each
First mort.5p. c. gold bonds, due Dec. 1, 1921 (§T50,000)a.Sl,000
Commonwealth Hvg.
Ice Co. pref. 1% cum. stock (*250,000)
stock ($100,000); shares *100 each
First mort. B p. c. gold bonds.due July 1, 1921 ($185,000)b. 1,000
Taunton Ice Co. common stock ($125.000 1; * 100 shares
First mort. 5 p. c. gold bonds, due Mar. 1, 1922 is5',500)c. 1,000
Brockton Ice & Coal Co. com. stock ($2 jO.OO >); *100 shares
First M. 6 p. c. gold bonds, due June 1, 1922 «T25,000).d .. 1,000
1,000
Common
a Subject to
71. p. BUO,
call at 110 and
p. 13«4, 1316.
8100
1,500
200
300
1,200
800
1,200
200
2,0u0
1,000
annual sinking fund, $16,875.
interest;
s'ock.
See V.
V. 73,
before any dividend on common stock, 55,000 yearly to
be set aside as sinking fund. See V. ~t, p. 1357.
fund
from
Mar.
Slnkine
1, 1903. $2,00>J to purchase bonds or for Investment.
c
d Subject to call at no and Interest; "annual sinking fund of §5,000 In
amount at par of bonds."
b From June
l,
1902,
The actual aad estimated earnings are as follows:
$101,481
Providence Ice Co. average annual earnings (3 years)
10,000
Taunton Ice Co. average annual earnings (approx.)
annual
earnings
years)..
Coal
Co.
average
37,265
(3
Brockton Ioa <fe
aver,
annual
(estimated).
Ilyglenio
Co.
earns,
75,000
Commonwealth
70,500
Estimated economies, all companies
Eitlm*ted additional profits Providenoe Ice Co. from eale of
80,000
wholesale Ice Is
2,000
Additional profits Taunton Co. from regular prices
$376,246
of the company for the past month are stated
to have been largely in excess of all fixed charges, sinking
fund and the dividend requirement on its preferred stook.
The company proposes to buy large amounts of coal in the
summer time, when prices and water freights are low, store
it upon its various properties until winter and then use its
horses, wagons and men for distributing it, thus keeping on
its pay-roll without loss all efficient employes during the season of lessened activity in the ice business. The policy will
be to reduce the price of ice and coal to such an extent that
competition will find no encouragement.
The directors and officers are :
President, E. John Kauffman; First Vice-President, Frederic B. Culver;
Second Vice-President, Fred. W. Smith Treasurer. Arthur B. Smith Secretary, GeorireT. Holmes; General Manager, Henry I.. Parnell.
Total
The earnings
;
;
Ames
Frederick Eldridge,
Vice-President i. f Knirkerbocker Trust Co., New York John O. Shaw of Boston, Mass
J. Edward Studlev, President of Manufacturers' TruH Co. of
Providenoe, K. I.; George Frederick Vletor of Victor ,t Achelis, New York;
Archer Brown of Rosei - Brown & Co., New York Edward II. Temple. President of the Taunton Sare Deposit & Trust Co.; William A. Russell. Director of
the City Trust Co. ol Boston, Mass.; Osoar I.. Gubelman, Treasurer of the
Commercial Trust Co ol New Jersey; Frederick H. Allen. Director Eastern
George Shepley, Director Manufacturers' Trust Co.,
Trust Co., New York
Providence; Lucius .v Llttauer, Littauer Brothers, Sew York.
Other
Oliver
direct'
of
Boston, Mass.;
;
;
:
;
Main office, Boston, Mass,
was syndicate manager.— V.
Frederic F. Culver of this city
74, p. 1359.
rjP For other Investment
Newi
see
Pases 246 and 247.
August
9,
THE CHRONICLE.
1903.]
243
l&pQtls unit gtfjctimjettts.
^N*s>v«i»V'*- - — -
OREGON SHORT
LINE
-^
RAILROAD COMPANY.
(UNION PACIFIC RAILROAD.)
TRUST INDENTURE— DATED JULY 17, 1903, SECURING "FOUR PER CENT AND PARTICIPATING TWENTYFIVE-YEAR GOLD BONDS," DUE AUG. 1, 1927.
PARTIES.
its Secretary or an Assistant Secretary, and coupons for said interest with the engraved signature of its Treasurer to be attached
hereto, as of the first day of August, 1902.
by
The Oregon Short Line Railroad Co., a corporation organized under the Jaws of Utah (hereinafter called the
"Railroad Company"), party of the first part, and The
Equitable Trust Co. of New York, as Trustee, party of
the second part.
PREAMBLE AND DESCRIPTION OP BONDS.
Whereas, the Railroad Company has acquired
shares of the par value of $100 each of the common
by
[FORM OF COUPON BOND.]
[FORM of couroH FOR august of EACH YEAR AND FEBRUARY, 1903.]
$20
Oregon Short Line Railroad
19
On the first day of
Company will pay to bearer, at the city of New York, twenty dollars
($20), United States gold coin, being six months' interest then due on
its Four Per Cent and Participating Twenty-five Year Gold Bond No.
$1,000
OREGON SHORT LINE RAILROAD COMPANY.
Four Pee Cent asd Participating Twenty-five Yeab Gold
Bond. Dub August 1, 1927.
(hereinafter called
the "Railroad Company"), for value received, hereby promises to pay
to the bearer, or, if registered, to the registered holder of this bond,
one thousand dollars in gold coin ot the United States of America of
or equal to the present standard of weight and fineness, on the first
day of August in the j ear 1927, at the city of New York, and to pay
interest tbereon from August 1, 1902, at the rate of 4 per cent per
annum, payable in said city in like gold coin, semi-annually on the
first days of February and August in each year, upon presentation and
surrender, as they severally mature, of the interest coupons hereto
annexed, and also on February 1, 1904, and on the first day of February of each subsequent year, upon like presentaiion and surrender
of the February coupons, a pro rata share of any amount by which the
dividends and interest which shall have been paid in cash during the
preceding calendar year upon the collateral on deposit with the Trustee, as security for the payment f the issue of bonds of which this ia
one, shall exceed four per cent upon the amount of such bonds outsi an ding.
Both the principal of this bond and said interest and dividend payments are payable without deduction for any tax or taxes which the
Railroad Company may be required to pay thereon or retain therefrom under any present or future law of the United States of America,
or of any State, county or municipality therein.
This bond is one of a series of coupon bonds and registered bonds of
the Railroad Company, known as the "Oregon Short Line Four Per
Cent and Participating Twenty-five Year Gold Bonds," issued aud to
be issued under a trust Indenture dated July 17, 1902, executed by
the Railroad Company to the Equitable Trust Company of New York,
as Trustee, and equally secured by the deposit and pledge with said
Trustee, subject to said trust indenture, of common stock of the
Northern Securities Co., the aggregate amount of such bonds not to exceed the par value of such stock of the Northern tecurities Company
deposited and to be deposited with eaid Trustee. Reference is hereby
made to said trust indenture for a statement of the nature and extent
of the security, the rights of the holders of bonds under the same and
the terms and conditions upon which the bonds are issuea and secured. All or any of said bonds maybe redeemed at a premium of
two and one-half per cent of their face value and accrued interest and
dividend payments as provided in said trust indenture on any first
day of February or August upon three calendar months' previous
,
,
Treasurer.
[FORM OF FEBRUARY COUPON FOR 1904 .AND SUBSEQUENT YEARS.]
No.
On the
day of February, 19
pay to bearer, at the city
first
,
Oregon Short Line Railroad Com-
New York, twenty dollars ($20),
United States gold coin, being six months' interest then due on its
Four Per Cent and Participating Twenty-five Year Gold Bond numbered as stated below, and also any dividend payment in addition to
said interest which may be payable on said bond on said date. No of
bond.
Treasurer.
[FORM OF TRUSTEE'S CERTIFICATE.]
This is to certify that this bond is one of the bonds described in the
within mentioned trust indenture dated July 17, 1902, and executed
by the Oregon Short Line Railroad Co. to the undersigned, as Trustee.
pany
will
of
The Equitable Trust Company of New York,
by
Trustee,
Secretary.
REGISTERED BONDS.
The registered bonds are similar in form, except that they
carry no coupons, are for the principal sum of $1,000 or
multiples thereof, and are exchangeable for coupon bonds as
herein provided.
CONVEYANCE CLAUSE— NORTHERN SECURITIES STOCK
UNITED STATES OF AMERICA.
The Oeegon Short Line Railroad Company
President.
Secretary.
Attest:
No.
certain
capital
stock of the Northern Securities Co. (hereinafter called the
•'Securities Company"), and may acquire additional shares
of such capital stock, and desires to borrow money for its
corporate purposes, and to that end has, by its board of
directors, resolved to issue its bonds to be called "Oregon
Short Line Four Per Cent and Participating Twenty-five
Year Gold Bonds," such bonds to be payable in the city of
New York, Aug. 1, 1937, and to bear interest from Aug. 1,
1903, at the rate of 4 per cent per annum, payable semiannually on the first days of February and August in each
year, and to be entitled for every calendar year beginning
with the year 1903 to receive in addition to said interest an
amount equal to any dividends and interest in excess of 4
per cent upon the amount of said bonds which may be paid
in cash during such year upon the collateral on deposit with
the Trustee hereunder as security for the payment of said
bonds as hereinafter provided; and to be secured by depositing with the Equitable Trust Co. of New York, as trustee,
ten shares of the capital stock of the Securities Company
for every §1,000 par value of said bonds issued hereunder;
and the form of coupon bond to be substantially as follows:
No.
Oregon Short Line Railroad Company,
PLEDGED.
NOW, THEREFORE,
THIS TRUST INDENTURE WITNESSETH:
That in order to secure the payment of the principal and
interest of all said bonds at any tim,e issued and outstanding under this trust indenture, and such dividend payments
as may become due thereon, and in consideration of the
premises and of the sum of $100, to it duly paid by the
Trustee, the Railroad Company by these presents does pledge
with The Equitable Trust Co. of New York, as Trustee, subject to the conditions' herein expressed, all and singular the
shares of the par value of $100 each of the common capital
stock of the Northern Securities Co., for wbich certificates
indorsed for transfer in blank, or accompanied by instruments of transfer in blank, shall from time to time be deposited with said Trustee. But in trust, nevertheless, for
the equal and proportionate security of all holders of the
bonds and coupons issued or to be issued under and secured
by this trust indenture.
'
notice.
This bond shall pass by delivery unless registered in the name of the
owner on the books of the Railroad Company, such registry being
noted on the bond by the Railroad Company. After such registry no
transfer shall be valid unless made on said book s by the registered
holder in person or by his attorney duly authorized, and pimilarly
noted on the bond, but the same may be discharged from registry by
being transferred to bearer, and theieupon transferability by delivery
shall be restored; but this bond may again from time to time be registered or tranf erred to bearer as before. Such tegistration. however,
shall not affect the negotiability of the coupons, which shall continue
to be transferable by delivery. This bond may also at any time be
surrendered, with all unmatured coupons thereto appertaining, in
exchange for a registered bond without coupons, as provided in said
trust indenture.
This bond shall not be valid or become obligatory for any purpose
until it shall have been authenticated by the certificate of the Trustee
hereon endorsed.
In witness whereof, the Oregon Short Line Railroad Company has
caused these presents to be signed by its President or its Vice-Pre*»i
dent, and Its corporate seal to be hereunto affixed and to be attested
COVENANTS- CERTIFICATION OF BONDS— ISSUE LIMITED TO
AMOUNT OF STOCK OF NORTHERN SECURITIES
COMPANY PLEDGED.
The Railroad Company covenants as follows
—
;
Article First. The bonds secured by this trust indenture
shall from time to time be executed on behalf of the Railroad Company by its President or its Vice-President, and its
corporate seal shall be thereunto affixed and attested by its
Secretary or an Assistant Secretary. The Trustee shall certify and deliver said bonds to the Railroad Company,
or upon its order, as hereinafter in Article Second hereof
provided, and not otherwise. The coupons shall be authenticated by the engraved signature of the present Treasurer
or of any future Treasurer of the Railroad Company. The
first coupon shall be payable Feb. 1, 1903, and shall represent
interest to that date from August 1, 1903. Only such bonds
as shall bear thereon endorsed a certific ite substantially in
the form hereinbefore recited, executed by the Trustee,
shall be secured by this trust indenture. The aggregate
amount of all the bonds which may be certified, issued and
outstanding under this trust indenture, or entitled to the
security hereof, shall not at any time exceed the par value of
the common stock of the Securities Company deposited with
the Trustee and pledged hereunder.
REGISTRATION OF BOND3.
The Railroad Company will keep at an agency in the city
of New York a register of bonds which shall at all reasonable times be open for inspection by the Trustee and any
holder of bonds issued hereunder; and, upon presentation
such purpose, the Railroad Company will cause to be
registered therein, under reasonable regulations, any bonds
issued under the provisions hereof.
The holder of any coupon bond may have the ownership
thereof registered on said books and such registry noted on
for
THE CHRONICLE.
244
[Vol.
LXXV.
the bond, after which no transfer shall be valid unless made
on the said books by the registered holder thereof in person
or by his attorney duly authorized, and similarly noted on
tbe bond; but the same may be discharged from registry by
being in like manner transferred to bearer, and thereupon
transferability by delivery shall be restored; but such bond
may again and from time to time be registered or transSuch registration, however, shall
fer! ed to bearer as before.
not affect the negotiability of the coupons. The holder of
any cupon bond may. at his option, at any time surrender
the same for cancellation with all unmatured coupons belonging thereto, and receive in exchange therefor a like amount
in registered bonds without coupons, as hereinafter pro-
securities issued by the Securities Company or by any other
co-poration shall be deemed dividend or interest for the
purpose of determining the amount of any dividend payments under this trust indenture.
Said dividend payments
shall be payable, in the case of coupon bonds, upon the presentation and surrender of the respective February coupons,
amount in new registered bonds. Any registered bond may
in like manner be exchanged for an equal amount of coupon
bonds with all unmatured and unpaid coupons attached, and
any coupon bonds so delivered shall have the same numbers
as those in exchange for which the registered bond was
NO ACCUMULATION OF INTEREST TO BE PERMITTED.
Article Fifth. In order to prevent any accumulation of
beginning with the coupon maturing February 1, 1904, and
in the case of registered bonds, to the registered holders
thereof.
INFORMATION TO BONDHOLDERS.
For the purpose of supplying information to bondholders,
the Railroad Company shall on or before the 10th day of
January in each year, beginning with the year 1904, upon
vided.
Whenever any coupon bonds, together with all unmatured the written request of the Trustee, fil* with the Trustee a
coupons thereto belonging, shall be surrendered for ex- statement in writing, under its corporate seal, signed by
change for registered bonds, the Railroad Company shall its President, Vice-President or Treasurer, certifying the
issue in exchange a like amount in registered bonds without amount of dividends and other income received in cash durcoupons. Whenever any registered b md shall be surren- ing the preceding calendar year in respect of the collateral
dered for transfer the Railroad Companv shall issue and the on deposit with the Trustee.
Trustee shall certify and deliver to the transferee a like
In every case of such exchange or transfer the
Trustee shall forthwith cancel the surrendered bond or
bonds and coupons and shall deliver the same to the Railroad Company. For any exchange of coupon bonds for registered bonds, or of registered bonds for coupon bonds, or
for any transfer of registered bonds, the Railroad Company
may make a charge not exceeding one dollar for each new
roistered bond or coupon bond issued upon such exchange
or transfer.
issued.
interest after maturity, the Railroad Company covenants
that it will not, directly or indirectly, assent to tbe extension of the time for payment of any coupon or claim for interest upon any bonds secured hereby: and that it will not
b? a party to any such arrangement by purchasing or funding said coupons or claims for interest upon registered
bonds, or in any other manner. Coupons or claims for interest so extended shall not be entitled, in case of default
hereunder, to the security of this trust indenture, except
subject to the prior payment in full of the principal and interest of all the other bonds issued hereunder.
ALL TAXES AND ASSESSMENTS TO BE PAID.
The Railroad Company covenants that it will from time
In case any bond shall become mutilated or be destroyed, to time duly discharge all taxes, assessments and governthe Railroad Company, in its discretion, may issue a new mental charges lawfully imposed upon the shares of stock
bond of like tenor and date, bearing the same serial number, hereby ^pledged or upon any other property which may beupon cancellation of the mutilated bond or coupons, or in come subject to the lien hereof, or upon the income or
substitution for the same if destroyed. The applicant shall profits thereof, the lien of which might be held superior to
BONDS MUTILATED OR DESTROYED.
furnish evidence satisfactory to the Railroad Company of
the destruction of bond or coupons so destroyed.
BONDS TO BE CERTIFIED AT RATE OP
$1,000
$1,000
FOR EACH
NORTHERN SECURITIES CO. STOCK
DEPOSITED WITH TRUSTEE.
Article Second.— Whenever the Railroad Company shall
tender to the trustee certificates for any of the shares of
common
capital stock of the Securities Company in
amounts of $1,000 par value, or multiples thereof, accompanied by instruments of transfer in blank or indorsed for
transfer in blank, the Trustee shall in exchange therefor certify and deliver to the Railroad Company an amount of the
said bonds equal in face value to the par value of the shares
of capital stock so tendered and received.
the
the lien of this trust indenture; also that this trust indenture is and will always be kept a first lien and that no prior
lien or charge upon said pledged shares of stock or other
property, or any part thereof, or upon the income thereof,
will be permitted to exist.
RIGHT TO VOTE THE STOCK OP THE NORTHERN
SECURITIES COMPANY.
—
Article Sixth. So long as there shall be no default in
the payment of the principal or interest of the bonds hereby
secured or any dividend payment payable thereon, the Railroad Company shall have the power to vote upon the stock
pledged hereunder for any purpose not inconsistent with the
provisions of this trust indenture. But in the event of default, and during the continuance of the same, the voting
power on the said shares may be exercised by means of
proxies, which shall, so far as the Trustee is able, be given to
such persons as may be designated by the holders of a majority in interest of the bonds hereby secured and then outstanding by instruments in writing duly signed as hereinafter provided, bit until such designation the trustee may
exercise the voting power in its discretion.
PRINCIPAL AND INTEREST TO BE PAID IN GOLD, TAX FREE.
Article Third — The Railroad Company will punctually
pay to every holder of bonds secured hereby the principal,
interest and dividend payments accruing thereon, all in
gold coin of the United States of America of or equal to the
present standard of weight and fineness, at the dates and
place and in the manner mentioned iu said bond or in the PROVISIONS CONCERNING CONSOLIDATION. LIQUIDATION
OR REORGANIZATION OF NORTHERN SECURITIES CO.
coupons thereto appertaining, without deduction from
either principal or interest or dividend payments for any
Article Seventh. — The pledge hereunder of said shares of
tax or taxes which the Railroad Company may be require i stock, or of any other securities, shall not prevent the conto pay thereon or retain therefrom under any present or solidation, union or merger with any other corporation of the
future law of the United States of America or of any State, Securities Company, or of any other corporation by which
When and as paid all said securities shall have been issued, or the sale of its propcounty or municipality therein.
coupons shall forthwith be canceled by the Railroad Com- erty or the distribution of its assets. In any such case the
pany.
Trustee shall receive such amounts of stock, bonds or other
securities, or money, as it shall be entitled to receive upon
CASH DIVIDENDS ON COLLATERAL IN EXCELS OF 4% TO BE surrender of the deposited stock certificates or other sePAID ON BONDS IN ADDITION TO THE 4% INTEREST.
curities.
Article Fourth — In addition to paying interest at the
The Trustee shall also receive any moneys which shall
rate of 4 per cent per annum upon said bonds, as hereinbe- be payable upon any of the deposited stock or other sefore provided, the Railroad Company hereby covenants to curities in payment or liquidation thereof or otherwise on
The Trustee shall, upon
pa5' to the respective holders of said bonds on Feb. 1, 1904, account of the principal thereof.
and on the first day of February of each year thereafter, the written request of the Railroad Company, subject the
a pro rata share of any amount by which the dividends deposited shares of stock or other deposited securities to any
and interest which shall have been paid in cash during plan for the reorganization or readjustment of the Securithe previous calendar year upon the collateral on deposit ties Company, or of the corporation by which such other sewith the Trustee (including not only stock of the Securities curities were issued, provided a majority of the entire
Company but any other stock, bonds or other securities that capital stock of the Securities C >mpany at the time outmay become subject to this trust indenture as herein pro- standing, including the stock deposited hereunder, or a
vided) shall exceed 4 per cent upon the fac-j amount of the majority of the entire issue outstanding of the other securioutstanding bonds secured hereby. The amounts so payable ties, including those on deposit hereunder, shall participate
are herein and in said bonds referred to as "dividend pay- in such plan.
ments." Interest allowed by the Trustee upon money on
The Trustee shall, upon the written request of the Raildeposit hereunder shall not be deemed interest upon depos- road Company, sell the deposited shares of the Securities
ited collateral for the purpose of determining the amount Company, or any other deposited securities, at such price
of any dividend payment.
and upon such terms, whether payable in cash or in stocks,
bonds or other securities, as shall be directed by the Rail-
INFORMATION TO BONDHOLDERS.
No
dividend, increase or income in respect o F the deposited collateral which shall be payable in stock or bonds.
or otherwise than in money, and no right or privilege
granted to the owner or holder of such collateral oranypirt
thereof, to subscribe for or purchase stocks, bonds or other
road Company, provided the holders of a majority of the
entire capital stock of the Securities Company at the time
outstanding, or if the sale be of other securities, a majority
of the entire issue thereof, including the pledged shares of
stock or other securities, shall join in such sale at the same
price and upon the same terms.
Ace, 1ST
9
THE CHBONICLE.
1902.
245
DIVIDENDS OTHER THAN IN CA1H TO BE DEPOSITED
A8 ADDITIONAL COLLATERAL.
The Railroad Company covenants that in case t^he Securities Company or any other corporation whose stock shall be
on deposit hereunder shall hereafter make any distribution
of surplus, by dividend or otherwise, which shall be pay-
writing of the holders of a majority in amount of the bonds
hereby secured at the time outstanding shall, sell at public
sale the shares of stock and other securities pledged hereunder, either in one lot or in several lots, as may be directed
in writing by the holders of a majority in amount of said
bonds, or in the absence of such direction, as may seem best
able in stock, bsnds or other securities, it will either deposit to the trustee. Or the trustee may forthwith proceed to
with the Trustee hereunder, for the further security of the enforce the rights of bondholders under this trust indenture
bonds secured hereby, such an amount of stock, bonds or by suits in equity or at law, either for the performance of
other securities as shall be received by it upon such distri- any covenant contained herein, or for foreclosure, or for the
bution in respect of the shares of stock pledged hereunder, enforcement of any other appropriate legal or equitable
or. at the option of the Railroad Company, pay to the Trus- remedy as the trustee shall deem most effectual in support
tee in ca*h an amount equal to the market valae of the of any of its duties hereunder.
Except as herein expressly provided to the contrary, no
stocks, bonds or other securities at the time of delivery upon
remedy herein conferred upon the Trustee or the bondholdsuch distribution.
ers is intended to be exclusive of any other remedy, but
If the Securities Company, or any other corporation
whose stock or other securities shall be on deposit hereun- every remedy herein provided shall be cumulative, and shall
der, shall at any time accord to its security holders the right be in addition to every other remedy given hereunder or now
to subscribe for new stock or other securities, the Railroad or hereafter existing at law or in equity or by statute.
Company shall, in case it shall exercise or sell such right or
SALE— PRINCIPAL TO COME DUE.
privilege, pay to the Trustee, either in cash or, at the option
of the Railroad Company, in the new shares of stock or
Article Eleventh.—In case of such sale of said shares of
other securities (at their market value), an amount equal to stock or other securities, or any part thereof, the whole of
the aggregate value of such right or privilege in respect of the principal sum of the bonds hereby secured, if not previthe deposited shares or other securities.
ously due, shall, at the option of the Trustee, or of the holders of a majority in interest of the bonds hereby secured
RAILROAD COMPANY MAY WITHDRAW NORTHERN 8EOURI. then outstanding, become immediately
due and payable.
TIES STOCK ON PAYMENT OF $105 IN GOLD PER $100 SHARE.
PROCEEDS
OF SALE.
The Trustee shall, whenever so directed in writing, deArticle Twelfth In case of any sale of the securities
liver to the Railroad Company any or all of the pledged
shares of stock of the Securities Company upon the pay- pledged hereunder, the proceeds, together with any other
ment to the Trustee of $105 per share and accrued inter- sums held by the Trustee, shall be applied as follows:
est and any dividend payment that may be due, all in gold
First.— To the payment of the costs, expenses, advances or discoin of or equal to the present standard of weight and fine- bursements of the Trustee.
Second.— Any surplus then remaining, to the payment pro rata of
ness; and in case of any such delivery the Railroad Comamount owinjj upon the bonds hereby secured for principal, interpany shall pay to the Trustee such additional sum, if any, the
est and dividend payments, with interest on the overdue instalments
as shall be necessary for the purchase or redemption as of interest, ratably according to the aggregate amount of such prinhereinafter provided of $1,000 face value of the bonds se- cipal, interest and dividend payments without preference or priority.
The purchaser shall be entitled to turn in or apply tocured hereby for every ten shares of stock surrendered.
Any cash received by the trustee under any of the pro- wards the payment of the purchase price any bonds issued
visions of this article shall be applied to the redemption of hereunder and any matured and unpaid interest and divibonds of this issue in the manner hereinafter provided, ex- dend payments and to be credited therefor on the purchase
cept that prior to the publication of the notice of an inten- price to the extent of the value of such bonds, interest and
tion to redeem bonds the trustee shall, at the written request dividend payments upon a distribution among the bondof the Railroad Company, purchase them upou the open holders of the net proceeds of such sale after making the
market, provided they can be obtained at a price not ex- deductions allowable under the terms hereof for the costs
and expenses of the sale and otherwise. At any such sale,
ceeding 102^2 and accrued interest.
In case the Railroad Company shall fail to take the neces- the Trustee or any bondholders or their agents may bid for
sary proceedings to accomplish the redemption of bonds and purchase such shares of stock or other securities and
—
with moneys so received, the trustee
shall,
upon
its
own may make payment therefor as aforesaid.
DEFAULT—TRUSTEE ENTITLED TO JUDGMENT.
Article Thirteenth. —The Railroad Company covenants
motion, redeem on the first interest day on which such
redemption can be made so many of said bonds as may be
redeemed in the manner provided for in article fourteenth
hereof.
DEFAULT-TRUSTEE TO COLLECT INCOME FROM
SECURITIES PLEDGED.
Article Eighth. In case the Railroad Company shall be
in default in the payment of the principal of any of the
bonds secured hereby, or the interest or dividend payments
payable thereon, then, during such default, all dividends,
income or increase upon the deposited shares of stock or
other securities shall be collected by the Trustee and shall
—
be applied as follows:
First.—To pay any sum due to the Trustee for compensation or expenses or lor advarces made or incurred pursuant to any provision of
this trust indenture.
Second.— To the payment pro rata of the semi-annual interest and
any dividend payments which shall be due or payable on the bonds
hereby secured, with interest on overdue instalments of
interest.
that in case of default for three months in the payment of
interest or dividend payment on any bonds hereby
secured, or in cas^ of default in the payment of the principal thereof when due or declared due, then upon demand of
the Trustee it will pay to the Trustee the whole amount due
and payable on all such bonds and coupons for principal or interest or dividend payments, with interest upon the overdue
principal and instalments of interest.
And, in case the
Railroad Company shall fail to pay the same forthwith upon
such demand, the Trustee shall be entitled to recover judgment against the Railroad Company for the whole amount
so due and unpaid.
any
BONDS TO BE SUBJECT TO REDEMPHON ON ANY INTEREST
DAY AT 102 hi AND INTEREST.
Article Fourteenth — The Railroad Company may at any
time redeem
all
or
any of the outstanding bonds hereby
DEFAULT FOR THREE MONTHS, PRINCIPAL MAY BE DE- secured at their face value and a premium of 2% P er cent
CLARED DUE- WAIVER.
and the accrued interest and dividend payments (if any) on
—
Article Ninth In case of default for three months in any first day of February or August. It is provided, howthe payment of any interest or dividend payment on any ever, that if the Railroad Company shall be desirous of rebond hereby secured, the Trustee may. and upon the writ- deeming a part only of the outstanding bonds, the particular
ten request of the holders of a majority in amount of the bonds to be redeemed shall be ascertained by drawings by
bonds hereby secured then outstanding shall, by notice in lot, to be made by the Trustee. Not less than three calenwriting delivered to the Railroad Company, declare the dar months' previous notice of the numbers of the bonds to
principal of all bonds secured hereby then outstanding to be be redeemed shall be given by mail to the hollers of regisdue and payable immediately. But if at any time there- tered bonds and by publication at least once a week for
after all arrears of interest (with interest on overdue instal- twelve successive weeks in at least one daily newspaper in
ments) and all unpaid dividend payments and the expenses the city of New York. Payment of the bonds called for
of the Trustee shall be paid by the Railroad Company, or be redemption shall be made at the aforesaid premium at the
collected out of the accrued dividends upon the shares of office or agency of the Railroad Company in New York on
stock deposited hereunder, before any sale thereof shall the first day of February or the first day of August specified
have been made, then and in every such case the holders of in such notice (being not less than three or more than four
a majority in amount of the bonds hereby secured then out- calendar months from the date of the first publication of
standing, by written notice to the Railroad Company and such notice), after which day interest and dividend payto the Trustee, may waive such default and its conse- ments upon the bonds so drawn shall cease to accrue. If
the redemption of any bonds be upon the first day of August
quences.
of any year, the Railroad Company shall deliver to the perDEFAULT— SECURITIES PLEDGED MAY BE SOLD OR
sons whose bords are redeemed warrants entitling the
SUiTS BROUGHT.
bearer to receive upon surrender thereof on the following
Article Tenth. In case of default (1) in the payment of first day of February one-half of the amount of any diviany interest or dividend payment on any bond hereby se- dend payment which would have been payable on said date
cured or in the payment of the principal of any such bond, upon the bonds in respect of which such warrants were
or (2) in the observance of any other covenant herein for a issued if such bonds had not been redeemed.
gertod of three months after written notice thereof to the
AH bonds redeemed and paid as hereinbefore provided
Railroad Company from the trustee or from the holders of shall forthwith be canceled in the presence of a representa5 per cent in amount of the outstanding bonds, then and in tive of the Trustee and a representative of the Railroad
every such case the trustee may, and upon the reque-t in Company.
—
THE CHRONICLE.
246
AS BONDS ARE REDEEMED STOCK MAY BE WITHDRAWN.
For every bond redeemed as hereinbefore provided otherwise than with money received by the Trustee pursuant to
Article Seventh hereof, the Trustee shall, if requested in
writing by the Railroad Company, release from the lien
hereof and deliver to the Railroad Company a proportionate
amount of the shares of the stock and of each class of other
securities deposited and pledged hereunder.
OBLIGATION OP TRUSTEE TO ACT.
Article Fifteenth.— The Trustee shall not be under any
obligation to enforce the trusts hereby created, unless furnished with security and indemnity against expense or liability; nor to take notice of any default unless notified in
writing of such default by one or more holders of the bonds
hereby secured then outstanding
nor shall it be required
to take any action in respect of any such default involving
expense or liability, unless requested by an instrument in
writing signed by the holders of not less than 10 per cent in
amount of the bonds hereby secured then outstanding.
But in case of any default as aforesaid, it shall be the
duty of the Trustee, upon the written request of the holders
of 25 per cent in amount of the bonds hereby secured then
outstanding and upon being indemnified as hereinafter provided, to take all needful steps for the enforcement of the
rights of the holders of the bonds hereby secured as the
Trustee shall deem most expedient.
The holders of a majority in amount of the bonds hereby
secured then outstanding shall have the right from time to
time, if they so elect, to direct by an instrument in writing
the method and place of conducting any and all proceedings
for any sale of the shares of stock hereby pledged or any adjournment thereof, or for the foreclosure of this trust indenture, or any other action or proceeding hereunder.
;
PROCEEDINGS TO BE FOR THE BENEFIT OF ALL THE
BONDHOLDERS.
Article Sixteenth. —No holder of any bond or coupon
hereby secured shall have the right to institute any suit at
law or in equity for the execution of any trust or power
hereof or for any other remedy under or upon this trust indenture, unless such holder shall previously have given to
the trustee written notice of any existing default and of the
continuance thereof as hereinbefore provided, nor unless
also the holders of 10 per cent in amount of the bonds hereby
secured then outstanding shall have made written request
upon the trustee and shall have afforded to it reasonable
opportunity either to proceed itself to exercise the powers
hereinbefore granted, or to institute such action, suit or
proceeding in its own name; it being intended that no one
or more holders of bonds or coupons shall have any right to
disturb the lien of this trust indenture or to enforce any
right hereunder, except in the manner herein provided, and
that all proceedings hereunder shall be instituted and maintained in the manner herein provided and for the equal
benefit of all holders of such outstanding bonds and coupons.
LIABILITY OF TRU8TEE.
Article Seventeenth— The Trustee shall be entitled to
reasonable compensation, which compensation the Railroad
Company agrees to pay. The Trustee shall not be accountable for the use of any bond hereunder delivered to the
Railroad Company or the application of the proceeds of any
such bond. The Trustee shall not be answerable for the default or misconduct of any agent appointed by it if such
agent or attorney shall have been selected with reasonable
care, nor for anything whatever in connection with this
trust, except its own willful misconduct or gross negligence.
RESIGNATION AND REMOVAL OF TRUSTEE.
The Trustee may resign by giving notice to the Railroad
also to the bondholders by publication at
least twice a week for four successive weeks in a newspaper
published in the city of New York. The Trustee may be
removed at anj time by an instrument in writing executed
Company and
r
LeRoy (N. Y.) Gas & Electric Co.— Sold.— This property
has been sold under foreclosure of mortgage (Rochester Trust
& Safe Deposit Co., trustee) to John H. Ward of Batavia for
$11,100.
People's Gas Light
& Coke
Co.,
Chicago.— City's Demur-
rer Sustained.- Judge Grosscup, of the United States Circuit Court, on Wednesday sustained the demurrer of the
city to the amended bill filed by the company asking for an
injunction restraining the city of Chicago from enforcing
the city ordinance fixing the rate for gas at 75 cents per 1,000
cubic feet. The Court holds that the company has not made
it clear that the Court has power to act.
PendiDg an appeal
to the Supreme Court, the city is restrained from enforoing
the ordinance.
(See V. 74, p. 155; V. 72, p. 1283, 725).— V.
74, p. 1255.
Pittsburg Coal Co.— Competition.— See Monongahela Consolidated Coal
&
Coke Co. above.— V.
74, p. 1312.
Pomona & Ontario (Cal.) Light & Fnel Co.— Purchase.—
The
'-Los Angeles Times" says that this new company, which
held by the same interests as the Riverside Light
Fuel
Co., has purchased the business and plant of the Pomona
&
is
Gas
&
Electric
Co.— V.
75, p. 189.
[Vol.
LXXV.
by the holders of a majority in amount of the bonds hereby
secured then outstanding; but no such removal shall be
made before default hereunder without the written consent
of the Railroad Company.
APPOINTMENT OF NEW TRUSTEE.
In case the Trustee shall at any time resign or be reor otherwise become incapable of acting, a successor
or successors may be appointed by the holders of a majority
in amount of the bonds hereby secured then outstanding, by
instruments in writing; provided that the Railroad Company may, by an instrument executed by order of its board
of directors, appoint a Trustee to fill such vacancy until a
new Trustee shall be appointed by the bondholders as herein
moved
authorized.
The Railroad Company may at any time substitute as
Trustee hereunder, a trust company or banking institution
having a capital and surplus aggregating at least $1,000,000,
and incorporated under the laws of some other State than
the trust company or bank at the time acting as Trustee
hereunder, or if the Trustee be a^natural person, under the
laws of some State other than the State of such trustee's
residence. In case the Railroad Company shall elect to
make such substitution it shall file with the Trustee a notice in writing to that effect duly approved by its board of
directors, and shall publish notice of the appointment once
a week for four successive weeks in a newspaper published
in the city of New York.
Any new Trustee appointed or substitued by the Railroad
Company shall immediately be superseded by a Trustee appointed in the manner above provided by the holders of a
majority in amount of the bonds hereby secured, if such appointment be made by the bondholders within six months
after the first publication of such last-mentioned notice,
provided, however, that in no event shall a Trustee be appointed by the bondholders who shall be a person residing
in, or a corporation incorporated under the laws of, a State
other than the State of the residence or incorporation of the
Trustee to be superseded. If such new Trustee shall be a
trust company or a banking institution, it shall be one in
gcod standing, and authorized to accept such trusts and
having a capital and surplus aggregating at least $1,000,000.
One or more natural persons may, however, be appointed
trustee or trustees hereof in case the holders of a majority
in interest of the bonds secured hereby at the time outstanding shall so direct in writing.
TERMINATION OF TRUST.
Article Eighteenth. This article provides for the termination of the trust upon the payment in full of the principal, interest and dividend payments due upon all of the
bonds hereby secured then outstanding.
—
DEEDS OF FURTHER ASSURANCE.
Article Nineteenth. —The Railroad Company
further
covenants that it will execute all such further deeds for the
better confirming unto the Trustee all and singular the
shares of stock hereby pledged, as the Trustee or a majority
in amount of the holders of bonds issued and outstanding
hereunder shall reasonably require for better accomplishing the purposes of this trust indenture.
COVENANT TO WAIVE STAY OR EXTENSION LAWS.
The Railroad Company will not at any time take advantage of any stay, extension, valuation, appraisement or redemption law to impede the execution of any power herein
granted, but will permit the execution of every such power
as though no such law or laws had been made or enacted.
No recourse under this trust indenture shall be had against
any incorporator, stockholder, officer or director of the Rail«
road Company.
BONDHOLDERS' INSTRUMENTS.
Article Twentieth. This article deecribes the method to
be pursued in making bondholders' instruments.
Pneblo (Col.) Gas Light Co.— Sold.— Farson, Leach & Co.
and Devitt, Tremble & Co. have purchased this company's
property for a sum reported as about |500,000. The company
will be reorganized and probably bonded to provide for extensive improvements. Old stock is $200,000, in $100 shares.
Sonth Bend Watch Co.— See American National Watch
Co. above.
Spragne Electric Co.— Plan Operative.—The new plan (in
p. 139) to sell control of the property to the General
Electric Go. has become effective, holders of more than 74
p. c. of the stock and 88 p. c. of the bonds having assented,
and cash, to cover the purchase having been deposited with
the United States Mortgage & Trust Co.— V. 75, p. 139.
V. 75,
Steamship Amalgamation.— Agreement. — At a meeting of
the Anchor Line in London this week the chairman announced the completion of a working agreement with the
Morgan f hipping amalgamation. A dividend of 5 p. c. also
was declared.
Proposed Canadian Line. See Canadian Pacific Ry. under
—
Railroads.— V. 74, p. 1312.
Swift & Co., Packing.— Purchase.— See
above.— V. 75, p. 81.
Armour
&
Co.
August
THE CHRONICLE.
2, 1903.]
United Box Board & Paper Co.— Consolidation Completed.— The consolidation was officially announced a3 completed on July 25.
Directors. The following are annonnced as directors:
W. H. Blnnlan. D. MoCalley, Col. R. O. dowry, Jas. A Roberts, W.
C. Staley, Robert MoEwan, R. F Newcomb, Chas. D. Brown, Henry
B. Dean, Riobard Ruddell. Ool.T. E. Ellsworth, Augustus H. Ivins,
—
Chas. B. Oglesby, O.
Earnings, Etc.
8.
Merrill and H. Lester Paddook.
— Expert
accountants report the annual
247
<&ommtvtml %%mz$*
COMMERCIAL ~1^Y^MmTeT
3Jfce
Friday Night, Aug.
1,
1902.
The condition
of business has been quite generally reported as fairly active. With the approach of the season for
the fall trade there has been a steady improvement in the
volume of transactions, and in some lines of trade merchants
merged properties for three years past as $1,an amount equivalent to 7 per cent on the
placed orders with some freedom. Shoe manufacturers
$14,946,900 preferred and nearly 5 per cent on the $14,018,500 have
have" been fairly extensive buyers, influenced by
particular
in
common stock of the new company, notwithstanding the exstrong and advancing market for hides, and reports of fairly
istence of severe competition and failure of the supply cf raw a
buying of leather for export to the English market. Pig
material for one department of the business. The company's free
has been in active demand for 1903 delivery, and there has
total daily capacity of box board, ground wood, sulphite iron
profits of the
687,000, or
been an extensive business transacted in steel, especially rails
and structural material for next year's delivery. In the
speculative markets manipulation of coffee by a powerful
ball clique has received some attention. Advices from the
interior have reported that the new winter-wheat crop is
now moving with some freedom. Weather conditions have
been favorable for the growing grain crops.
Lard on the spot has been quiet. Fluctuations in prices
United Light & Power Co., Georgetown, Col.— New have been rather sharp, influenced by the manipulation of the
Bonds. The shareholders will vote Ang. 12 on making anew speculative market, and this had a tendency to hold business
mortgage for $100,000 to retire about $40,000 existing 6 p. c. in check. The close was quiet at lie. for prime Western and
bonds, purchase additional machinery and provide for fur- 10'25@10-50c. for prime City. The demand for refined lard has
ther extensions. Fred P. Dewey of Georgetown is Manager. been quiet, and, owing to the dulness of business, prices have
About 51 per cent of the stock is reported as owned by the shown a tendency to sag. The close was flat at 11*200. for
Cascade Electric Co., in which Hanchett & Himrod of Idaho refined for the Continent. Speculation in lard for future deSprings hold control.
livery at the Western market has been on a moderate scale
United States Cotton Duck Co.— Interest on Incomes.— only. Early in the week packers were sellers and prices
The directors of the Motint Vernon- Woodberry Cotton Dack weakened. Subsequently, however, they turned sellers, and
Co., having determined $150,000 to be the amount of income the loss was recovered. The close was quiet and easier.
for the six months ending Jnne 30, 1902, applicable to interDAILY OLC8IKG PRIOBS OF LARD FUTURES.
est on that company's $6,000,000 first income mortgage 5 per
Mon. Tucs,
8at.
Wed. TKurt. Fri.
cent bonds, have declared payable on Ang. 15, 1902, the sum July
1105 10*97 10-92 11*12 11-10
:
ib" 97
of 525 per bond, or 2% per cent. This declaration is based on Aazust
Business in the local market for pork has been quiet and
the following approximate results for the half year
there has been a slight weakening of prices to $18 50@19 00
MX. VERNON-WOODBERRRY— HALF-YEAR ENDED JUNE SO, 1902.
Oro»$
Current int.
Extra
Net
Interest »n
Balance, for mess, $20 50@21 for family and $19 50@20 00 for short
income.
income. <k gen'l exp.
repairs, etc.
1st mort.
Incomei. surplus. clear.
Cut meats have had only a small sale, but prices have
$120,164
$103,000
$175,000
$160,000
$13,328
f3,970.5«4 $661,492
been well maintained at 9@93^c. for pickled shoulders, 12@
It was voted that hereafter meetings to determine the pay12J^c. for pickled hams and ll^@12c. for pickled bellies, 14@
ment of interest on the incomes be held on Feb. 15 and Aug. 10
Beef has been in fair demand at unchanged
lbs. average.
15, as it is practically impossible to furnish final statements
prices, closing at $12@14 for mess, $15@15 50 for packet,
of earnings at an earlier date.
00® 16 50 for family and $23 75@24 00 for extra India
Dividend on Preferred Stock.—-The directors of the United $15
mess in tcs. Tallow has continued in small supply, and
States Cotton Dock Corporition on July 30 declared a diviprioes have advanced to 6^c. Stearines have been quiet but
dend of 3 per cent on the $2,750,000 cumulative 6 per cent presteady, with lard stearine quoted at 12J^c. and oleo stearine
ferred stock, payable Sept. 15 to stockholders of record Sept.
at 13%c. Cotton-seed oil has had only a small jobbing sale,
The earnings for the 10 months ended April 30, 1902, with
5.
spot supplies of prime yellow quoted at 423^0. Butter
were reported as follows
has weakened slightly, but the close was steady at 17@20>^c.
V. S. COTTOK DUCK CORPORATION— 10 MONTHS ENDED APRIL 30, 1902.
for creamery. Cheese has been moderately active at slightly
Gross
Other
Total
Interest
3 p. c. on Balance, lower prices, closing at 9@9^c. for State factory, full cream.
sates.
income.
net income. <£ gen'lexps. prefr stock, surplus,
$2,407,086 $28,382
"$82,500
$231,332.
$53,601
$95,231 Fresh eggs have been in fair demand and steady at 20@20%e.
choice Western.
A director says "The statement shows marked improve- forBrazil
grades of coffee have continued to feel the influence
ment over that for the year 1901, and the combined statespeculative
manipulation. The bull clique has been a
of
ment of the two companies is very satisfactory."
steady buyer of the near-by deliveries and also has taken a conIt is understood that hereafter the fiscal year of the U. S.
Cotton Dack Corporation, which ends Oct. 31, will end Dec, siderable percentage of the offerings from Brazil. The interior trade has been a freer buyer, stimulated by the stronger
31, to conform to the fiscal year of the Mount Vernon- Woodprices.
The
fibre, etc., is said to be 1,359 tons, including 90 to
of the country's output of strawboard and newsboard. See list of properties in V. 74, p. 1042. The company
has acquired of the etock of the American Strawboard, 52,819
shares out of a total capital of 60,000 shares. The recent
advance of $2 a ton in the price of strawboard will accrue
to the advantage of the new organization. V. 75, p. 195.
fibre,
soda
95 p.
c.
—
—
:
,
,
:
:
berry Cotton Dack Co.— V. 74, p. 335.
United States Realty & Construction Co.— Consolidation.
—This new company, with
$86,000,000 of capital stock, half
per cent cumulative preferred, will, it is announced, take over all the real estate, contracts and other
property of the George A. Fuller Co. (see V. 74, p. 1087; all
the real estate and other assets of the Alliance Realty Co.
(see V. 74, p. 381; V. 75, p. 79), 'and the New York Realty
Corporations (see V. 73, p. 1359); also the real estate interests
of the Central Realty Bond
Trust Co.
Each 100 shares of old stock will be exohanged as follows:
Fuller preferred for 110 shares of new preferred stock and 50
shares of common; Fuller common for 45 shares of new preferred and 75 of common; Alliance for 125 shares of new preferred and 110 shares of new common. The real estate interests of the Central Realty Bond & Trust Co. will be paid for
in preferred and common stock.
The new company, whose entire stock is to be issued forthwith, will conduct building operations in all parts of the
country, and will have, it is sta f ed, $11,000,000 of working
capital.
Its directors, it is reported, will b9:
Exeontlve Committee: James Stillman, Obarles M. Sobwab, Harry
8. Black, Albert Flake, Robert E. Dowllng, Henry Morgentbaa, Hugb
of
which
is
6
;
&
J.
Grant.
Other
directors:
James H. Hyde, William
H
Mclntyre, James
Bpeyer, Charles Steele, A. D. Juilllard, G. G. Haven, Bradlsh Johnson.
Charles H. Tweed, John J. Mitchell, Henry Badge, Geo. C. Clarke,
B. P. McConnell, B. Aymar Sands, Charles Francis Adams 2d and
Henry
L. Higginson.
turn to
movement of the new Brazil crop has
been steadily increasing, but this has had little influence as a
market factor. The close was firm at 5^ c. for Rio No. 7.
West India growths have been quiet but steady. East
India growths have been dull and without changes. Speculation in the market for contracts has been moderately
active and on continued buying by the bull interest and some
demand from shorts to cover contracts, prices have advanced,
especially for the near months. The close was active and
higher. Following are the closing asked prices.
Ang
5-80o. Nov
5-50o. Feb
5.50cSept
5-80e. Deo
5*50o. Maroh.
Si5-55c
Oct
5*55e. Jan
„ 5*50a. May.
5-60c.
Raw sugars have been quiet but steady at 3 7-16c. asked
for centrifugals, 96-deg. test, and 2%c. for muscovado, 89-deg.
test.
Refined sugar has had only a limited sale, but prices
have been steady at 4*65c. for granulated. Pepper has been
sparingly offered and firm. Teas have been steady.
Kentucky tobacco has been firmly held and there has been
a fair demand for export grades. Business in the market for
seed leaf tobacco has continued slow, but it is expected that
demand will show an improvement ia the near future. Prices
have been steady. Foreign tobacco has been steady and sales
have been reported of 200 cases Sumatra at 60c.@$l 50 in
bond.
Business in the market for tin has been quiet, but as there
has bean no especial pressure to sell and foreign markets
have held steady, prices have been fairly well maintained,
closing at 28 30@23 50c. Ingot copper has been steadier on a
limited demand, closing at ll'90@12c. for Lake. Lead has
been quiet and unchanged at 4123^0.
Spelter has held
steady at 5*37J^c. Pig iron has been firm and a large business has been transacted for 1903 delivery.
Refined petroleum has been unchanged, closing steady at
7*20c. in bbls., 8 50c. in cases and 4'65c. in bulk. Naphtha has
been unchanged at 9'05c. Credit balances have been quiet at
$1 22. Spirits turpentine has declined and the close was quiet
at 46@46)£c. Rosin has been dull but steady at $1 57>£ for
oommon and good strained. Hops have been firm but quiet.
Wool has been in fair demand at advancing prices.
,
The Central Realty, Bond
& Trust Co.
fine itself to financial operations,
and
will hereafter conwill increase its capital
stock from $1,000,000 to $2,000,000 and its surplus from $3,000,000 to $8,000,000, by sale of 10,000 new $100 shares at
$600 a share; it will act as financial agent for the construction
company.
— Lisman,
Lorge & Co., 25 Broad Street, have issued a
on National Bank of Commerce in New
York, which gives facts bearing on the value of the stock as
special circular
an investment.
I
,
I
I
I
I
»
.-
.
THE CHRONICLE.
248
COTTON.
Friday Night, August
1,
1902.
The Movement of the Chop, as indicated by our telegrams
from the South to-night, is given below, For the week ending
evening the total reoeipts have reaohed 17,189 bales,
against 13,544 bales last week and 14,416 bales the previous
this
week, making the total reoeipts since the 1st of Sept,, 1901,
7,487,079 bales, against 7,513,736 bales for the game period of
1900-1, showing a decrease sinoe Sep. 1, 1901, of 76.657 bales.
Mueipts at—
Mon.
Sat.
Salveston
VBO..B
......
|aaaal
2,031
2, £40
221
2
289
Pensaoola, &o.
Brunsw'k.Ac.
Ft. Royal, Ac.
Wilmington....
Wash'ton.&e
«
......
......
50
1,281
•*•
......
.....c
1
......
......
363
103
N'p'tNews.&o
......
New York
......
«•«.
463
272
..•••
1,867
2.118
38
635
8,815
527
2,158
1
2C0
800
927
200
1,776
1,149
......
1
......
374
......
......
602
958
52
1,659
958
4
188
40
1
......
......
188
......
40
2,686
1,684
2,696
3.007
17.189
4,181
2,935
The following shows the week's total receipts, the total since
Sept. 1, 1901, and the stocks to-night, compared with last year.
1900-01.
1901-02.
Receipt* to
Aug.
1.
Sine* Sep.
1, 1901.
Thi$
week.
463 2,031,894
Qalveston...
8ab.P.,Ao.
......
Blew Orleans
8,815
P'saoola.&o.
927
200
Savannah...
2,158
Bt'wlok.Ao.
Oharleston..
P. Royal. Ac
Wilmington.
Wash'n, Ao.
Norfolk
N'port N., Ac
1,776
1
New York...
4
Baltimore .
Phlladel.&c
188
40
1901.
4.306
43,896
54,902
3,311
70,614
5,173
7,017
17,784
.......
.....
17.189 7,437,079
at—
1902.
837,785
463
8,815
4,786
8,298
1,318
4,146
Mobile
Savannah...
927
369
832
2,158
1,776
1
1,659
3,357
1,296
4,112
Ohas'ton, Ao.
3,423
Wllm'ton.Ao
Norfolk
N. News, Ao.
419
467
3,648
621
964
199
366
272
14
8
9
6
583
241
4,464
387
75
49
31
28
179
103
45
Ail others...
2,037
271
2,562
2,766
958
433
2,793
2,450
1,309
2,069
lot. this wk.
17,189
23,021
16,692
7,031
10,584
4,052
Since Sept. 1 7437,079 7513,736 6532,501 8392,187 8615,459 6685,008
The export: for the week ending this evening reach a total
of 16,828 bales, of which 1,894 were to Great Britain, 5,282
Below
to France and 9,702 to the rest of the Continent.
are the exports for the week and since Sept. 1, 1901.
Week Ending Aug.
MO90TU
from—
«r««t
JBrU'n.
Oalreston....
Sab. Fait, he.
Maw Orleans.
1,
*t£9QTl*d tv —
Wr*n$t
6.232
4,8
1,
1901, to Aug.
Savannah
Brunswick..
Charleston...
Port Royal...
WUmlnKton..
Ac
York...
149
1,850
514
1,053
Boiton
Baltimore.;..
Philadelphia.
Ban»ran..4o.
Total
Total, 1900-01
1,760
1.
1902
860
870,694 349,638
11,462
89,929
887,199 297,128
Continent.
1,766.239
85.815
65.741
739,118 1,923,439
99,809
98,820
85.028
194 844
649,311 817,101
41,793
120,701
72,414
187,620
53fl",T07
02.511
800
Psnsaoola....
New
S#»t.
Sx*orttA to—
Mobil*
Norfolk
N'port N.,
From
0r««t
Oonti- 2ot«i
Prance
n«nt. Wttk. Britain.
350
1.231
1908.
200
2,883
5,917
734
800
3,211
3,634
123,456
9,554
i',500
4,150
8,006
4,057
20,450
192,814
3,493 16,990 9,135
4,873
7,668
2,461
50,545
20,205
287,240
94,916
2,982
•
•
96,617
219,445
13,199
78.860
65,206
6,048
for middling upland.
The rates on and off middling, as established
48,346
119,076
20.996
119,804
35,376
298,212
160,622
62.785
16.370
200
2,100
28,888
285,324
750
7,162
68,909
2,882
10,864
166,724
268.379
23,096
86,675
612.424
167,784
182,444
17.7»8
167,588
1,894
9.708
3,008,666 742.8U6 2,761,404 6.618.016
7,644
»b,9B9
39,872! 8,998.802 783 ,978 2.668.862 6.891,642
1
Nov.
30, 1901,
by the Revision Committee, at whioh grades other than
middling may be delivered on contract, are as follows.
Pair
o. 114 on
Good Middling
tag 1
Tinged
Even
0-80 on Striot Good Mid. Tlnged.o. 0-20 on
Middling Fair
Strict Good Middling
050 on Striot Middling Tinged.... 0-06 off
0-82 on Middling Tinged
Good Middling
012 off
Low Middling
Low Middling
014 off
Low Mid. Tinged... 034 off
Middling Stained
050 off
Striot Low Mid. Stained... 1-06 off
Good Ordinary
1*50 off
Middling
Low
Stained
On this basis the official prloes for a few of the grades for
the past week— July 26 to Aug. 1—would be as follows,
Striot
0-38 off
0-72 off
1-00 off
Good Ordinary
UPLANDS.
Sat.
31 OH
Tues
Wed
iood Ordinary.
8
06
800
800
u>w Middling..
868
8-62
8 62
fiddling
9*16
9-38
9
9
932
Stood Middling.,
Middling Fair..
1897.
1898.
3,024
19
338
580
43,425
and while there have been only slight changes in prices the
tendency has been towards a lower basis. July contracts went
out without any flurry in prices, and this fact, coupled with
the advices received from Liverpool reporting a quiet and
easier market for spot cotton have had their ioflaence against
values. There has been some liquidation by speculative holders of August contracts, induced by the reports that the movement of the new crop will be early. Daring the first half of the
week fear of damage to the crop in Texas by floods and advices
received from some sections of the Atlantic 3tates, complaining of dry weather had their influence in favor of the market.
At the close, however, the rains in Texas, it is reported,
have ceased, and the indications pointed to the fall of needed
rains in the Atlantic States. Wall Street interests have been
reported moderate sellers during the week of the new-crop
deliveries, based on the generally favorable outlook for the
growing crop. Tc-day there was a slight upturn in prices on
shorts covering in anticipation of the Bureau report due on
Monday. The close was quiet but steady at a net gain in
prices for the day of 2@5 points. Cotton on the spot has been
quiet and prices have weakened slightly, closing at 3 15-16c.
8trlot
785
Oalves'n.Ao.
13,259
12,871
Strict
213,264
New Orleans
Total 1901..
Total 1900..
271
171,578
.....
1899.
11,477
1,423
1,100
"506
300
4,825
14,947
28,021 7,513,736
1900.
1,155
1,100
i",500
Total 1902..
5,134
.....
4,000
2,855
1,592
1901.
302
268
stock.
Total.
2",65"6
i",500
Other ports
2,328
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
Receipt*
5,088
...
New York
696
127,606
5,500
271
848
274
165
191
580 2,482
3,025
Charleston...
Mobile
2,752
427,395
35,462
153,874
196,919
71,652
37,366
2,037
Leaving
Great
GerOther CoastBritain Fr'nce many. For'gn wise.
Sew
734
522
882
454,101
37,998
113,195
119,843
100.726
34,619
958
1902.
4,786 2,123,451
50,380
8,298 2,430,978
369 109,346
722 181,860
3,857 1,080,731
362 131,644
1,296 282,290
1,773
45 258,093
94,761
2,356,113
153,658
221,816
1,188,178
140,267
265,272
1,577
277,779
1,659
Stock.
Since Sep.
1, 1900.
Thit
week.
ON SHIPBOARD, HOT CLEARED FOR—
Aug. 1 at—
Speculation in cotton for future delivery has been quiet
......
165
Lambert 6t Barrows. Produce Exchange Building.
Norfolk.......
......
......
625
......
We
Savannah
-77
......
In addition to above exports, our telegrams to-night also
give ns the following amounts of ootton on shipboard, not
oleared, at the ports named,
add similar figures for
New York, which are prepared for our special use by Meaan,
Orleans.
Qalveston....
Sotcti
......
Ac
week
fri.
..
2
3
Boston.. ......
Baltimore
Phlladel'a,
«
Thurs.
100
14
Sab. Pass, &c.
New Orleans...
Tot. this
Wed.
rues.
LXXV.
[Vol.
GULF.
Sat.
Ordinary
Middling
Middling
Jood Middling
932
980
986
Stood
,iOvr
.-
831
893
8-25
9 5 16
9 5 ie
9"4
9-57
887
Frl.
794
856
7-34
856
8 13 i« 8^16
a-26
9-74
926
9-74
"Wed Tk. Frl.
8-25
8-87
9"4
819
8'81
819
881
957
9 3 i«
951
9 3 16
1011 1011 1005 1005
9-99
9 99
9-63
STAINED.
Hon Taes
8-31
8-93
,
Middling Fair.......
9-80
TJfe.
Sat.
9 63
Mon Tnti Wed
951
Th, Frl.
756 750 750 7-44 744
856 856 8-50 850 8'44 8 44
8-72
872
866 8-66 860 8-60
Strict
906 906 900 900 894 8 94
}ood Middling Tinged
The quotations for middling upland at New York on
Aug. 1 for eaoh of the past 82 years have been as follows.
uow Middling
—
Low Middling Tinged.
7-56
Middling
8«ie 1894. ...0. 615 16
1893
8
8»is
1886. ...o. 9»ie 1878....0.11i3i8
10»*
12
1877
1885
11\
1884
1892...... 7>«
lUie 1876
10
14%
10
1875
1883
1891
8
1213 16 1874
17
1882
1890-.....12>4
6iie
115 te
1873
1881
1889
20*a
8
12»e
21>4
1872
10i5i S 1880
1888
7?16
119ie
7i«
19\
1871
ll»e
1879
10
1887
Note.— On Oot. l, 1374, grades ot ootton as quoted were ohanged.
Acoording to the new olasslnoatlon Middling was on that day quoted
aeo. lower than Middling of the old olasslnoatlon.
1902.
1901.
1900.
1899.
1898.
1897.
1896.
1895.
.0.
MABKET AND SALES.
The total sales of ootton on the spot eaoh day during the
For the
sveek are indioated in the following statement.
uonvenience of the reader we also add oolumns whioh show
at a glance how the market for spots and futures closed on
tame days.
Spot Market
Closed.
Saturday .. Steady at he ad.
Monday.... Quiet
Tuesday... Quiet at lie dec.
Wednesday Qnlet
Thursday.. Quiet at lie dec
Holiday
Quiet
Total....
Bales or Spot
Fdtdres
Market
Ex-
Globed.
port.
steady
B'rly steady.
Steady
Steady
.
B'rly steady.
Qnlet
Oontump.
A Ooktbaot
Contract.
total..
108
108
668 12,500 13,168
226 8,000 8,226
200
200
5S8 8,6*00 9,138
868
458
400
2,198 29,600131,698
1
*
I
August
3,
r
.
.
THE CHRONICLE.
1902.]
At the Intbbiob Towns the movement—that is the receipts
Futubes.— Highest lowest and closing prices at New York.
,
the week and since September 1, the shipments for the
-eek and the stocks to-night, and the same items for the
sorreeponding period of 1900-01— is set out In detail below.
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Hamburg. .... .... ....
17,000
588,000
22,000
97,000
9,000
558,000
19,000
98,000
;
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to©;
CfltOt
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tO' COl^M
l^CXMtO
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10,000
7,000
814,000 1,064,000
23,000
82,000
116,000 226,000
3,000
Stock at Bremen
Stook at Amsterdam...
Stock at Kotterdam
200
200
300
Stook at Antwerp
4,000
3,000
4,000
3,000
Stock at Havre
116,000 112,000
115,000
196,000
Stook at Marseilles...
„
3,000
4,000
3,000
6,000
Stock at Barcelona
42,000
92,000
59,000
76.000
Stook at Genoa
„ 11,000
16,000
29,000
49,000
Stook at Trieste
6,000
17,000
7,000
26,000
Total Continental stocks
301,000 828,200 372,200 633,300
Total European stocks...
889,000 886,200 686,200 1,687,800
India cotton afloat lor Europe
39,000
41.000
22,000
39,000
Amer ootton afloat 1 or E'r ope. 76,000 138,000
87.000 116,000
f
Bgypt.Brazll.&caflt.for E pe
16.000
18,000
13,000
13,000
Stook in Alexandria, Egypt...
57,000
91,000
65,000
68,000
Stook In Bombay, India
396,000 481,000 288,000 472.000
Stock In United States ports.. 213,264
337,785 115,121 368.058
Stook In TLB. Interior towns..
69.696 166,595
49,473 230,613
United States exports to-day. .
5.232
1,414
4,239
16,316
Total Visible supply
1,761,192 2,160,994 1,342.110 2,997,210
Of the above, totals of American and otner descriptions are as follows:
.
American-
Liverpool stook
bales. 476,000 427,000
215,000 972,000
Continental stooks
.- 252,000 257,000 337.000 561,000
American afloat for Europe...
76,000 138,000
87,000 115,000
United States Stook
218,264 387,785 115,121 368.058
United States Interior stocks.
69,696 166,595
49,473 230,613
United States exports to-day..
1.414
5,232
16,316
4,239
Total American
1,092,192 1,327,794" 819,910 2,250,910
Matt Indian, BraMtl, Ac—
Liverpool stock
95,000 122,000
75.000
89,000
.....
Londonstook
17,000
9,000
10.000
7.000
Continental stooks
49,000
72,300
71,200
35.000
India afloat for Europe . ......
89,000
41,000
89,000
22,000
gypt, Br a«ll, Ac, afloat
16,000
18,000
18,000
13,000
Stock in Alexandria, Egypt. .
57,000
68,000
91,000
65,000
Stock In Bombay, India
396,000 481,000 288,000 472,000
Total East India, A0
669,000 833,200 522,200 746,300
Total American
1,092,192 1,327,794
819,910 2.250,910
Total visible_supply.......l,7ei,192 2,160,994 1,342.110 2,997,210
Middling Upland, Liverpool..
47 16 d.
57 18 d.
4%d.
3%d.
Middling Upland, New York..
6^0.
9580.
815i 8 C
Siieo.
Egypt Good Brown, Liverpool
6i«d.
738d.
eijed.
5*ad.
Peruv. Rough Good, Liverpool
7i«d.
7d.
7d.
6 Tgd
Broaoh Pine, Liverpool
3 >id.
5%d.
4£>i «d.
43i 6 d.
ttnnevelly Good, Liverpool. .
3i4d.
4lB 16 d.
43 1(> d.
4 osd.
Continental imports past week have been 25,000 bales.
The above figures indicate a decrease in 1902 of 399,802
bales as compared with same date of 1901, a gain of 419,082
bates over 1900 and a decline of 1,286,018 bales from 1899.
M
if
10
tO
H
M p CO CO to MtO CO MMi^O MMtStOCOtO
i"
m«
oIn © V»VoVo^"m #>.ccco©eo©owMcnOM
l^©C09lCO»OtO l»COOCICOMMCOCOCOCOO©MCO^>tOOOO<kOtO
'^''
;
ta to co
•
ifrMCPtOCWOOOO. 0»M00t0©OOC0OCQOC0C0C0O<>.C0OOl^0»
totals show that the interior stocks have decreased during the week 10,297 bales, and are to-night 06,899
bales less than at same period last year, The receipts at all
the sowns have been 4,151 bales less than same week last year.
The aoove
Ovkbland Movement pob the Week and Since Sept. 1.—
We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Aug. 1 and since Sept. 1 in the last two years are as follows.
1901-1902.
August
1.
Week.
1900-1901.
Since
Sept. 1.
Week.
Since
Sept. 1.
vhipped—
VT»Bt.T.niiU
Via Cairo
Via Paducah.........
Via Book Island
Via Loulsvlhe
...
Via Cincinnati
Via other routes, Ao.
254
816,924
152,354
"327
1,192
83.098
194,113
91,398
350,891
2,920
470
1,098
Total gross overland
.
'
»•
m©:
OWOOOCOtOOS©' OOMOl'
;
o©'
lis-
9
;
took
.
M' M-
to-night, au made up toy
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. 1), we add the item of exports from the United States,
Including in it the exports of Friday only,
1901
1902
1900
1899
took at Liverpool
bales. 571.000
519,000 304,0001,047,000
at
**.
K
The Visible wupply op Cotton
took
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^..
5,069 1,639,465
itduet ihipmtntt—
Overland to V. Y., Boston, Ao.
232
Inland, Ao., from South. .... —,
1,824
368,388
62,231
67,836
_~
2,056
498,450
Between interior towns
Total to be deducted
5,808
622
25
1,072
433
973
901,776
237,983
5,105
58,533
136,653
114,402
287,252
8,933 1,741,654
1,478
401
1,783
449,811
98,897
83,699
3,672
632,407
Leaving total net overland*.
5,261 1,109,247
3,013 1,141,015
* Including movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 3,013 bales, against 5,261 %ales for the
week in 1901, and that for the season to date the aggregate net
overland exhibits an excess over a .year ago of 31,768 bales.
Weak.
Southern consumption to Aug. 1..
Total marketed
*
Came Into sight during week.
Total in sight Aug. 1
r<
Since
Sept.
1.
Week.
Since
Sept. 1.
17,189 7,437,079 23,021 7,513,736
5,261 1,109,247
3,013 1,141,015
37,000 1,730,000 33,000 1,527,000
receipts at ports to Aug. l
£et overland to Aug. l
nterlor stooks in exoese
1900-1901.
1901-1902.
In Might and Spinner $'
Taking t.
57,202 10308094 61,282 10149983
10,297 t59,569 * 14,368! 121,968
46,914
46.905
10248525
10271951
26.460 2,108.866
Decrease during week.
t Less than Sept. 1.
Movement into sight in previous years.
20,441 1,978,852
orth'n spinners tak'gs to Aug. 1.
*
Week1900— Aug. 3
1899-Aug. 4...
1898- Aug. 5
1897-Aug. 6
Bales.
45,911
29,958
32,884
9,858
Sinee Sept.
1-
1899-OO-Aug.
1898-99-Aug.
1897-98-Aug.
1896-97-Aug.
3
4
5
6
n Bak 6 *\ „
9,043,843
11,086,584
10,969,630
8,369,034
.
'
..
,
THE CHRONICLE.
250
Quotations for Middling Cotton at Other Markets,—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for eaoh day of the week
CLOSING QUOTATIONS FOB MIDDLING COTTON
Week ending
Aug.
1
Satur.
Galveston...
8%
New Orleans
813 16
Mobile
Savannah..
fc%
8'e
ON—
Mon.
Tues.
Wednes.
8is ia
813 16
8J8ia
8i3ie
8\
8%
8«16
8«B
884
fc9 16
8S4
8%
86a
884
8%
8h
Charleston..
8" l6
8\
8h
8%
8%
Thurt.
8%
8%
8%
9*16
She
9ii6
91-6
9
9
9k
9k
9k
9k
S&16
9k
9k
8«ie
93 le
Augusta
914
9 B ,6
8^8
9k
She
9
9
9
9
l>
8*8
Memphis
8 8
8I3, 6
8 78
87a
8'8
8 '8
Louis
8 78
8*8
8%
9k
8h
9k
8%
9k
8\
9k
8<%
8<»8
888
8»8
8%
9
9
Baltimore
.
Philadelphia
St.
Houston
Cincinnati
Little
.
Rook
813 16
9*4
8»8
8%
8 78
8 '8
813 10
813 1B
8n 16
9
8«8
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
834
Columbus, Miss 8 k
Nashville
Athens
9k
Enfaula...
Natchez
Atlanta
8'e
&^e
Louisville
Raleigh
9
Charlotte
9k
9k
Montgomery... 8 "a
Shreveport
Columbus, Qa. 8%
8H
—
&ew Orleans Option Market. The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Sat'dav.
Monday, Tuesday, Wed'day, Thursd'y Friday,
July 26. July
July—
28.
8169 - *eo®
Range
71
July
2tf.
— ®
July 30.
61 8
50®
Closing... Nominal. $*58®*65 8-55® - 4-50®
AUGUST—
Range
Closing..
-
July 31.
Aug.
1.
— ® — — ®—
- — ® —
_
g>
8*35®-44 8'28®33 8'27®-3 c 334®'37 3-27®-35 8 22®-29
3*40®-41 3'29®-30 d-33®35 3M5®37 i-25®-28 82i®-29
Bept'bek—
7-85® 91 7*73® 80 7-76®- c 3 7-78®-84 7-73®-85 7-71®-77
Range
Closing... 7'86® 87 7'74®-76 7-80® -81 7-82® '8i 7 -73® 74 7-76®77
October—
Range... 7-61®-6' 7'52®-60 7'51®-5? 7-55®-61 7-51 ®60 7-51®-57
Closing... 7-62® -63 7-53®o4 7-57®-58 7-5 8® -59 7-52®-53 755®'56
Dec'bee —
Range
Closing
.
Tone—
8pots
Options...
7 52© -57 7-43 s> -4fl 7*42® 4 7'47®-48 7-42»-5( 7-42® 47
7 •52-3-53 7-43®-44 7-46® 47 7-48®'49 7-42®-43 7-46® 47
1-
Quiet.
Steady.
Nominal. Steady.
8teady.
Steady.
LXXV.
—
Kerrville, Texas.
There has been light rain on two days
during the week, to the extent of forty-eight hundredths of
an inch. The thermometer has ranged from 68 to 93, averaging 81. July rainfall one inch and eighteen hundredths.
Lampasas, Texas. There has been rain on five days during the week, the precipitation being two inches and nineteen hundredths. Average thermometer 80, highest 89 and
lowest 70. July rainfall four inches and twelve hundredths.
Longview, Texas.— T aere has been rain on each day of the
week, the rainfall being four inches and thirty-eignt hundredths. The thermometer has averaged 80, highest being 89
—
Fri.
8i 16
9ii6
Wilmington.
Norfolk
[Vol.
Easy
Easy.
Quiet
Br'ly st'y
Quiet.
Sieady.
Weather Reports bv Telegraph.— Reports
and lowest 70.
Luting, Texas.— There has been light rain on four days
during the week, to the extent of one inch and eighteen hundredths. The thermometer has averaged 82, ranging from
70 to 94. July rainfall, three inches and twenty-five hundredths.
—
There ha? been heavy rain on six days
Palestine, Texas
during the week, the rainfall beirig five inches and fifty nunTne thermometer has ranged from 68 to 88, averdredths
aging 78. July rainfall eight inches and eighty-two hundredths.
have had rain on four days of the week,
Paris, Texas.
to the extent of forty-seven hundredths of an in^h. Average
— We
thermometer 80, highest 91, lowest 68. July rainfall four
inches and twenty-two hundredths.
San Antonio, Texas.— We have had rain on four days
duriog the week, to the extent of three inches and twentytwo hundredths. Tne thermometer has averaged 80, the
highest being 92 and the lowest 68. Jaly rainfall four inches
and eighty-two hundredths.
Weatherford, Texas. There has been rain on five days of
the past week, the rainfall being one inch and forty five hundredths. The thermometer his averaged 82, ranging from
70 to 94. July rainfall eight inches and twenty-three hun-
—
dredths.
New Orleans, Louisiana.— It has rained on two days of the
week, the precipitation being twenty eight hundredths of an
inch. The thermometer has averaged 88
Shreveport, Louisiana. The weather his been too wet for
best results. There has been rain on each day during the
week, the precipitation being four inches and ninety-nine
hundredths. Average thermometer 79, highest 90 and low-
—
est 68.
—We
have had rain on four days the
Columbus, Mississippi.
past week, the rainfall being one inch and ten hundredths.
The thermometer has averaged 85, the highest being 100 and
the lowest 70.
Leland, Mississippi.—The week's rainfall has been three
to us by
from the Sonth this evening denote that rain has
fallen in most localities during the week, and that in portions inches and seventeen hundredth?.
The thermometer has
of Texas, Louisiana and Arkansas the rainfall has been ex- averaged 739, ranging from 63 to 87.
Our advices from Texas are to the effect that there
cessive.
Greenville, Mississippi. Tne weathar has been cloudy,
is considerable complaint of weevil and shedding, and that with heavy rains.
while the rain has benefited cotton, it is feared that it
Little Rock, Arkansas.—The drought has been broken.
will serve to bring out tbe weevil more numerously. Arkan- Rain has been general but lighter in most places than here.
sas reports state that the drought in that State is broken, bnt There has been rain on five days of the week, the precipitaHelena complains of much damage to cotton by the rain. tion reaching seven inches and forty-six hundredths. The
From Alabama we are a^v:'sed that ia some sections moisture thermometer has averaged 82, the highest being 96 and the
has improved the crop, but that there is suffering in other lowest 69
localities; our Montgomery correspondent remarks that the
Helena, Arkansas.— Much damige was done to cotton by
drought is unbroken and that cotton is opening rapidly, but the heavy rain. The week's rainfall has been six inches and
most of it prematurely. Fiom a few points ia the Carolinas sixty one hundredths, on five days, The thermometer has
there are complaints that rain is needed.
averaged 79, ranging from 68 to 92,
Galveston, Texas.— There is considerable complaint of
Memphis, Tennessee.—The general crop outlook is good.
weevil and shedding. While rains have benefited cotton, it We have had rain on two days during the week, the preeiipis feared they will bring out the boll weevil more numertation reaching one inch and ten hundredths, and it is now
ously. Some cotton has been lost in bottom lands, but this, raining. The thermometer has ranged from 70'2 to 92, aver-
tele graph
—
believed, will be offset by benefit received in uplands by
It has rained on three days, the precipitation reaching two inches and forty-eight hundredths. The thermometer has ranged from 71 to 87, averaging 79.
Jaly rainfall
four inches and forty- five hundredths.
Abilene, Texas.— It has rained heavily on one day of the
week, to the extent of one inch and twenty hundredths.
Average thermometer 80, highest 92, lowest 68. July rainfall seven inches and seventy-six hundredths.
Brenham, Texas.—There has been excessive rain on five
days of the week, the rainfall reaching nine inches and
thirty-four hundredths. The thermometer has averaged 80,
the highest Ijeing 89 and the lowest 70. July rainfall eleven
inches and forty hundredths.
Corpus Christi, Texas. There has been rain on one day
during the week, the precipitation being eighteen hundredths
of an inch. The thermometer has averaged 83, ranging from
78 to 88. July rainfall sixty. four hundredths of an inch.
Cuero, Texas.—
have had rain on two days of the
week, the rainfall reaching thirty hundredths of an inch.
The thermometer has ranged from 72 to 96, averaging 84.
July rainfall one inch and thirty three hundredths.
Dallas, Texas.— It has rained on five days of the week, the
rainfall reaching one inch and eighty-six hundredths,
Average theimometer 80, highest 90, lowest 70. July rainfall
six inches and thirty nine hundredths.
HunUville, Texas.—
have had excessive rain on five
days during the week, the precipitation being eight inches
it is
aging
rain3.
Alabama.— Showers have been more frequent and
over a wider area of the interior. Some localities, however,
are still suffering for mois'ure and ia others there is a gradual improvement in the crop. There has been rain on six
days of the week, the rainfall aggregating eighty hundredths
of an inch. The thermometer has averaged 81, the highest
being 93 and the lowest 72.
Montgomery, Alabama. The disastrous drought is unabated. Cotton is opening rapidly, but most of it premaOne new bale was received yesterday from the Auturely.
taugaville D.strict. It classed middling, weighed 606 pounds
and sold at 10 cents per pound. There have been two light
sprinkles duriog the week, the precipitation being eltven
hundredths of an inch. The thermometer has averaged 82,
—
We
We
and thirty-two hundredths. The thermometer has averaged
80, the highest being 90 and the lowest 70.
July rainfa'l,
nine inches and eighty-two hundredths.
Henrietta, Texas.—It has rained on two days of the week,
to the extent of twenty- seven hundredths of an inch. The
thermometer has averaged 82, ranging from 70 to 93. July
rainfall, one inch and forty-six hundredths.
79.
Mobile,
—
ranging from 70 to
96.
July rainfall forty-three hundredths
an inch.
Eelma, Alabama. —The drought has been only partially
broken. Rust continues to spread, the plant is very small
and prospects for crop poor. We have had rain on one day
of the week, the rainfall reaching one inch and twenty- three
hundredths. The thermometer has ranged from 75 to 98,
of
averaging 87.
Madison, Florida.— It has rained on four days of the week,
the rainfall reaching two inches and fifty hundredths. Average thermometer 82, highest 94, lowest 70.
Savannah, Georgia.— We have had rain on foar days during the week, the precipitation being two inches and fortythree hundredths. The thermometer has averaged 80, the
highest being 95 and the lowest 70.
Augusta, Georgia.— It has rained on four days of the week,
the rainfall reaching one inch and three hundredths. The
thermometer has averaged 80, ranging from 65 to 93.
Stateburg, South Carolina.— Rain is badly needed in this
In surrounding sections moisture has been more
vicintty.
—
Ac oust
8,
THE CHKON1CLE.
1902.]
or less abundant, bnt very badly distributed. Crops are
Irregular—spotted. There has been rain on three days during tha week, the precipitation being thirty-five hun
dredths of an inch. Average thermometer 80, highest 94,
lowest 63.
Qreenwooi, South Carolina.— Some sections report a good
orop of cotton, but in others it is very poor. There has been
rain on three days of the week, the precipitation reaching
one inch and thirty-seven hundredths. The thermometer
has averaged 78, the highest being 89 and the lowest 67.
Charleston, South Carolina.— I: has rained on five days
during the week, the precipitation reaching one inch and
thirty-two hundredths. The thermometer has ranged from
72 to 93. averaging 80.
have had rain during the
Charlotte, North Carolina.—
week, to the extent of ninety-four hundredths of an inch.
The thermometer has averaged 77, ranging from 63 to 91.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o'clock July 31, 1902, and Aug. 1, 1901.
We
July 31,
Aug. 1/01.
'02.
Feet.
4-3
6 "6
1-4
Feet.
Hew Orleans.... ...... .Above aero of gauge.
8-8
19'4
...Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Memphis.....
BTashviUe
Shreveport....
Vloksburg
,
18
74
279
1-4
8'7
251
progress, the plant being heavily f raited. General and heavy rains
in Texas were very beneficial in western counties, but they were not
needed elsewhere in that State. These rains have caused very rapid
growth and the plant is heavily fruited, but considerable damage by
boll weevil, boll worm and shedding is reported. Hot and Cry weather
is now needed in Texas to permit cultivation and check ravages by
Insects. Picking continues in the southern counties and has oommenoed in the oentral oountles, but has been retarded by freqient
rains.
Shipping Mews.— As shown on a previous page, the
•sports of ootton from the United States the past week have
reaohed 16,828 Dales, The shipments In detail, as made up
rom mall and telegraphic returns are as follows:
,
Total bales.
Sew York— To Liverpool, per
steamer Bovlo, 149
To Antwerp, per steamer Kroonland, 200
To Genoa, per steamer Lombardla, 550
To Venice, per steamer Plcqua, 200
To Mexico, per steamer Havana, 400
New Orleans To Liverpool-July 29-8tr. Yucatan, 1,281...
To Havre -July 31— Steamer Mombassa, 5,232
To Copenhagen -July 26- Steamer Texan, 486
To Ghent— July 24 Steamer Ferndene, 300
To Genoa-July 31 -Steamer Citta dl Palermo, 4,214
July 26 Steamer St. George, 350
Gai/vbbton— To Antwerp
Pknsacola—To Genoa— July 26— Steamer Pinin 200
Baltimore— To Liverpool— July 25 -Steamer Irada, 514
To Bremen— July 29— Steamer Chemnitz, 1,053...
San Francisco— To Japan— July 26— Steamer Nippon Maru
(additional). 100
Seattle -To Japan—July 31— Steamer Iyo Maru, 250
Portland, Ore.—To Japan— July 26— Str. Indrasamna, 1,400.
of cotton at
for the woek ending July 31, and for the season from Sept,
to July 31 for three years have been as follows:
Rtctiptt at-
Sinct
Wttk.
Bombay.
Sinet
Week-
Sept. 1.
For tkt Wttk.
Sept. 1.
4,000
5,000 1,902,000
7,000 2,112,000
8inet
Wttk.
Sept. 1.
905.000
Since September
Great
Britain.
Oontintnt.
i'ooo
4,000
Total.
Great
Britain.
Continent.
Total.
Bombay—
1901-02..
1900-01..
1899 00..
5,000
9,000
68,000
5,000
489.000
558,000
97,000
498,000
626,000
102,000
Calcutta—
1901-02..
1900-01..
1899-00..
1,000
1,000
1,000
1,000
3,000
4,000
2,000
45.000
39.000
28,000
48.000
43,000
30,000
5,000
1,000
2.CO0
6,000
1,000
8,000
3,000
8,000
5,000
15,000
18,000
12,000
18,000
26,000
17,000
Madras—
1901-02 .
1900-01..
1899-00..
All others—
1901-02..
1900-01..
1899 00..
total all1901-02..
1900-01..
1899-00..
1,000
i'.obo
2,000
1,000
8,000
9,000
4.000
9,000
7.000
3.000
6.000
110.000
116,000
78,000
5.000
13,000
7,000
New York
Liverpool.
e.
Manchester
e.
Havre
115,000
129.000
85.000
12i«
10
10
e.
18
Bremen, asked.. c.
20
Hamburg
15
19
18
24
24
30
12914
13915
e.
t.
c.
Beval, indirect.. c.
Beval, via Canal.e.
Barcelona, Sep.S.c.
Genoa
o.
1900-01.
6,468i6b'6
6,000
5,448,000
Beeeipts (cantars*)Thls week....
TMt
Since
week.
Sept. 1.
Thii
week.
1899-1900.
TMt
Since
Sept. 1.
week.
Sept. 1.
2,000 318,000
2,000 337,000
398,000
2,000 410,000
Total Europe ..... 4,000 829,000 4,000 655,000 2,000 808,000
* A oantar is 98 pounds,
America In 1901-02, 102,838 bales; In 1900-01,
t Of which to
54,989 bales; In 1899-00, 70,091 bales.
Manohesteb Mabket.— Our report received by cable
to-night from Manchester states that the market is dull
and quiet for shirtings, Manufacturers are genercomplaining. We give the prices for to-day btlow and
leave those tor previous weeks of this and last year for
comparison,
for yarns
ally
1902.
1901.
Ootfn
8H
32f Oop. ings, common Mid. -„
m -°P'
Twist.
Twxst.
lbs.
Skirt-
Uplds
to finest.
d.
J'e27 788
July 4 7«8
d.
a.
d.
».
d.
d.
93*8 5 4
o8i« 5 4
©8
08
5
5
5
4
3
98
5
5
2
5
1
" 11 73e »83„
" 18 7»s «8ie
" 25 73i6 »8
»7i3, a
Ang.l 7
97
97
«7
51 S2
d.
d.
8H
d.
5
2JflG8
616 )6 ®7*
5
1
10 * 5"*i9
5
9
42*32 615 18 o778 5
1
7>)
4%
common
s.
5
5
18
20
15
19
13
18
IS
20
15
24
24
30
24
24
30
20
15
19
13
24
24
30
19
13
13915 13915 18915 18915
Amount afloat
...
July 18.
79.00C
9,900
900
71,000
24,000
56,000
759,000
640,000
17,000
5,000
28,000
16,000
July 25
67,000
3,000
4,200
54,000
15,000
57,000
693,000
531,000
7,000
3,000
24,000
14,000
53,000
6,000
3,800
42,000
8,000
59,000
631,000
531,000
4,000
4,000
26,000
15,000
Aug.
1.
28,000
2,800
500
26,000
20,000
52,000
571,000
476,000
12,000
4,000
25,000
14,000
The tone of the Liverpool market for spots and futures
eaoh day of the week ending Aug. 1 and the daily closing
prioes of spot ootton, have been as follows.
a.
d.
2i*«8
31*98
3
2
2
Sai'day
Spot.
)
12:30 p. u.\
Firmer.
Mid.Upl'dS.
429 3 2
Spec.
Monday. Tuesday. Wed'day. Thurtd'y Friday.
Moderate Dull and
demand. easier.
Dull.
Quiet.
Small
Inquiry.
M
413 18
427 88
413 38
5,000
6,000
4,000
4,000
5,000
6.000
600
500
500
500
500
500
Aexp.
429
4%
Futures.
Market
opened.
Market,
4 P.M.
l
J
Steady at Qnlet at
Qalet at Steady
1-61 <& 2-04 1-64
2-64 de.
advance.
Steady at
\
«@a
J
advance.
pts.
® 2-64
advanoe.
ollne.
Easy at Very st 'dy
*X Pti. H®V* pts
1-3
decline.
decline.
ai
partially
1-64 adv.
Basy at
1 pt. dec.
Qniet at
1-64 advance.
Qnlet at
1-64
2-64
decline.
Br'lyst'dy
Quiet at
mm
advanoe.
Pts.
®
1@2
pts.
decline.
The prioes of futures at Liverpool for eaoh day are given
below, Prioes are on the basis of Uplands, Good Ordinary
clause unless otherwise stated
HP* The prices are given in pence and 64.ths. Thus : 4 63 meant
4 63-64d.. and 5 01 meant 5 l-64d.
,
lbs. Shirt- Oott'n
\ings,
Mid.
Uplds
to finest.
7H 98H
7H f»8\
7k «SH
7*8 98 *
18
20
15
19
13
24
24
30
July 11.
bales.
week
Of which exporters took...
Of whloh speculators took.
Sales American
Sales of the
Market,
1,000 321.000
3,000 508,000
12i«
10912 10912 10912
6,434,000
Since
Exports (bales)—
To Liverpool.... ....
To Continent t ......
12^
12ia
Fri.
12V,
—
Of whloh American.........
1901-02.
week have been
e.
Total import of the week.....
Of whleta American........
Alexandria, Egypt,
July 30.
250
1,400
28
28
28
28
28
28
Japan (via Suez).*.
50
50
50
80
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
Alexandbia Reoeipts and Shipments of Cotton.—
659,000
731.000
215,000
100
Wednes. Thurs.
10® 12
12
18
20
15
19
13
24
24
30
Forwarded
Total stock— Estimated
Of which American—Kst'd
20,000
93.000
19.000
15,000
11,000
13.000
the past
Tut.
Mon.
Satur.
679,000
824,000
234.000
12.000
9,000
9,000
1,053
as follows.
Actual export
3,000
2,000
4.000
350
200
514
16,828
_..........
Cotton freights at
Ghent
Antwerp
1.
Mnportt
from—
485
300
4,314
1
18991900.
190001.
1901-02.
1,231
5,232
,
Total
Movement fbom all Ports.— The reoeipts
Bombay and the shipments from all India ports
India Cotton
149
200
650
200
400
«8
9711
97 101*
Sat.
July 26
d.
4»ie
423, 9
4»8
419 3a
4i3 3a
4 7 18
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 telegraphic reports on
the crops in the Southern States for the week ending July 28,
summarizing them as follows:
The northern portions of the eastern and central dlstrlots of the cotton belt oontlnue to suffer from drought, the effects of whloh are beInning
to be more seriously felt, especially on uplands. Outside the
f
rought area in the distriots named the orop is making very favorable
mon.
Toes.
Wed. Thuri
July 28
July 29
July 30. July 31
12i« 1 12i«| 4 12i* 4 12i* 4 12i«
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d.
d.
d.
d
d.
d.
d.
d.
d.
4
F *
d.
Frl.
Aug. 1.
121* 4
P.M. P.M.
d.
d.
4 45 4 45 4 46 4 44 4 40 4 43 4 44 4 42 4 40
July- Aug... 4 42 4 42 4 43 4 41 4 37 4 40 4 41 4 39 4 40 4 39 4 36 4 86
Aug.-Sept... 4 36 436 4 36 4 35 4 32 4 34 4 35 4 33 4 35 4 34 431 4 32
Sept.-Oot... 4 24 4 21 4 24 4 22 4 20 4 22 4 22 4 21 4 23 4 23 4 22 4 21
OoV.Nov.... 418 4 18 4 18 4 16 4 13 4 15 4 16 4 15 4 17 4 17 4 16 4 15
Nov.-Dec. .. 4 15 4 15 4 14 4 13 4 10 4 12 4 13 4 12 4 14 4 14 4 13 4 12
Dec-Jan
4 14 4 14 4 13 4 11 4 03 4 11 4 11 4 11 4 12 4 12 4 11 110
Jan.-Feb.... 4 13 4 13 4 13 4 11 4 08 4 10 4 10 4 10 412 4 12 4 11 4 10
Feb.-Moh. .. 4 13 4 13 4 13 4 11 4 03 410 4 11 4 10 4 12 4 12 4 11 410
Mch.-Aprll.. 4 13 4 13 413 4 11 4 08 4 10 411 4 10 4 12 4 12 411 4 10
4 11 4 10
July
.
THE CHRONICLE.
252
BREADSTUFFS.
flo.
o.
DAILT CLOSING PRICES OF OATS IN
Bat.
Mon. Tue*.
2 mixed In elev...... 64%
64%
62%
Wed.
63
1,
1902.
Reflecting the downward tendency to prices for the grain
and the fact that the season is close at hand when new crop
ately active, but at declining prices. The movement of the
new winter- wheat crop has been steadily increasing, receipts
at primary points have been fairly heavy and stocks have
begun to accumulate. Weather reports from both the spriDg
and winter-wheat belts have been favorable, and advices received from Europe have reported favorable prospects for a
The favorable character
full yield from the growing crops.
of the crop news from both the West and Europe, and the
larger receipts, have prompted the bear interests to be more
aggressive in their operations, and there also has been moderate selling for the account of speculative holders to liquidate
their long contracts. During the latter part of the week, at
the decline in prices, exporters came into the cash market as
free buyers, and this buying had a tendency to give a slightly
better undertone to values. The reported sales to exporters
for the week, here and at outports, amounted to close to
8,500,000 bush. There has been a limited amount of No. 2
red winter wheat delivered during the week on July contracts. To-day there was a steadier market on smaller receipts and scattered buying by shorts to cover contracts.
The spot market was modeiately active and firmer.
DAILY GLOBING PRICES Of SO. 2 BSD W7HTER WHKAT Uf
Aat.
Mon.
P- i.
Tue«.
Wed. Tkurt.
NEWYOBK.
f.
o.
b
„
Sept. delivery In elev....
Deo. delivery In elev
May delivery In elev
80i«
75H
76
753s
Sat.
Mon.
Tuts.
Wed.
Tkurt.
74%
71%
70%
73%
70%
70%
73%
70%
69%
72%
75%
70%
69%
72%
69%
69%
68%
71%
76%
76k
78
DAILT GLOBING PRICES OF MO.
July delivery In elev
Sept. delivery In elev....
Deo. delivery In elev
May delivery in elev
77i«
783s
78%
78%
75%
80
Wrt.
64%
64%
FLOUR.
9
oZ
93
©3
93
03
Patent, winter.. ..$3 80 o3 95
00
City mills, patent. 4 25 ©4 55
10
Rye flour, superfine 8 10 ©3 75
30
Buckwheat flour
© ....
50
Corn mealStraights.....-,,,... 3 45
90
Western, etc... .. 3 50 ©3 55
Patent, spring,... 3 90 ©4 55
Brandywlne
3 55
(Wheat flour in eaoka Bells at prices below those lor barrels.)
Pine..... .... ....„„ $....
8nperfine-> ..— ..„ 2 90
Extra, No. 2. . ..„ 3 00
Extra, No, i,. ^.. 3 10
Clears......,^,,.... 3 25
.
wheat flour should be offered with some freedom, the market
for wheat flour has been easier. There has been increased
pressure on the part of mills to sell and they have offered
GR1IN.
c.
Corn, per bush.—
o.
supplies at lower prices. Buyers, however, have shown a Wheat, per buan»—
Hard Man.. N.J.I.. f.o. b.83%
Western mixed
N'thern Dul., No.l f. o. b.81%
disposition to go slow, and even at the decline they have
No. 2 mixed
Red winter. No. 2 f. o. b.77%
No. 2 yellow
been only limited buyers. City mills have been quiet and
Hard No. 2
t. o. b.78%
No. 2 white.
easier.
Rye flour has been quiet and without changes. Oats-Mix'd.p.bush. 64 ©65%
Rye, per bushWhite
64 ©70
western
Corn meal has been easier for hog stock, but barrels have
No. 2 mixed
64%«65%
State and Jersey
held steady.
No 2 white
68%©70
'Farley— West
* September shipment.
Speculation in wheat for future delivery has been moder'Feeding
Cash wheat
Tkurt.
2 white in elev
«.
66%
66%
65
65
69
69
DAILT CLOSING PRICKS OF NO. 2 MIXED OATS IK CHICAGO.
Sat.
Mon.
Tuet.
Tkurt. fri.
Wed.
Jnly delivery In elev
67
58
60
63
64
Sept. delivery In elev
33
32%
32
32%
31%
32%
Deo. delivery In elev.... 32
31%
31%
31%
30%
30%
Following are the closing quotations:
Feiday, Aug.
July delivery In elev
LXXV.
NEW YORK.
Jute Butts, Bagging, &c.— Jute bagging has continued
quiet during the week under review at unchanged prices,
viz.:
5%c. for 1% lbs. and 60. for 2 lbs., standard grades.
Car lots of standard brands are quoted at 5%@6c, f. o. b.,
according to quality. Jute butts dull and nominal at 1}4@
\%g. for paper quality and 2%@2>£c. for bagging quality.
[Vol.
77%
77%
77*6
78**
74!%
75^
74%
75%
74%
74%
7C%
77%
76%
77%
77%
S SPRING WHKAT IN CHICAGO.
2r\.
....
70
69
71%
c.
c.
64%»66
t.o. b.66
to. b.70
to. b.70
966%
©63
66%«72
..55
62
54
957
Government Weekly Grain Report.— Mr. James Berry
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States for the week ending
July 28 as follows:
Weather.— Drought of considerable severity generally prevails
from Virginia and the Carollnas westward over Kentucky, Tennessee
and the northern portion of the central and east Gulf States, lnoludlng
Eastern Arkansas, Southeastern Missouri, and the southern portions
of Illinois and Indiana, while heavy and damaging rains have continued in Texas, portions of the Missouri Valley and lower Lake
region. Rains are generally badly needed in the central and southern
Rocky Mountain districts. The temperature conditions have been
highly favorable, except in New England, New York and Texas,
where it has been too cool, and in California, where excessive heat
has caused some deolduous fruit to ripen faster than it oould be
handled.
Corn.— The corn crop has experienced another week of exceptionally
favorable conditions over muoh the greater part of the principal oorn
area, the least favorable reports being received from southeastern
Missouri and Southern Illinois, where the crop is being injured by
drought. A fine yield Is promised in Kansas, Nebraska. Indiana, and
over muoh the greater part of Missouri, Illinois and Ohio. In Iowa,
where the crop has suffered muoh in previous weeks from heavy rains
and laok of cultivation, corn is improving, and in the early fields Is
earing heavily. In the Middle Atlantic states and to the southward
of the Ohio River corn has suffered muoh from drought in seotlons,
especially the early planted.
Winter Wheat.— Showers have prevented the completion of wlnterwbeat harvest in the Lake region, New England, and the northern
portion of the Middle Atlantio States, where damage to wheat in
shock is quite extensively reported; elsewhere harvesting is completed, except on the Paoiflo Coast, where it is progressing rapidly in
Oregon and has begun In Washington.
Spring Wheat.— Late spiiuj: wheat needs rain in portions of South
Dakota and rust is appearing in North Dakota; but on the who.e its
oondition Is very promising. The crop is ripening rapidly in the
northern portion, and harvesting has begun in the southern portion of
the spring-wheat region. In portions of Southeastern Minnesota
fields are too wet for the binders.
Oats.— Oat harvesting is progressing under dillloultles in the upper
Mlslssippl Valley and Lake region, where the crop Is badly lodged and
tlelds in some sections are too wet for the reapers.
Notwithstanding
these adverse conditions, the general outlook for a large yield is
favorable, especially In the Missouri and upper Ohio valleys and the
northern portion of the Middle Atlantio States.
Indian corn futures have been quiet locally, but there ha^
been a moderate amount of activity to the trading in the
Chicago market. The July contracts in the latter market
went out without any further flurry in prices, which was
taken as evidence going to cod firm the statements made by
the bull clique that the outstanding short interest made a
The movement of breadstuff's to market as indicated in the
private settlement earlier in the month. It now appears that statements below is prepared by us from figures collected
the interests who owned tbe large long interest in July con- by the New York Produce Exchange. The receipts at
tracts have put out almost as extensive a short line in Septem- Western lake and river ports for the week ending July
28,
ber contracts. Weather conditions in the corn belt have and sinoe Aug. 1, for eaoh of the last three years have been:
been reported favorable for the growing crop, and the
have advised an improvement in the 3«««<»tl «t- /Our.
crop reports
Wkt*l.
Corn.
Ottt.
SarU*.
HI.
condition of the crop, the outlook at present being
Shl$.190lbt Bvth.OOlbi Buth.Wlb.- flmJi.saibi Bttl*.4Hli( Bu.otibt.
There has been a
favorable for a record-breaking crop.
91.842
1,143,360
1.483.870
1,112,552
39,760
47,125
moderate movement of the old crop and prices for cash corn
92,052
44,000
82.8C0
74,100
tfllwaakee
86.650
8.400
have declined. At the lower prices a small business has been
308,461
163,000
891
449
transacted here and at outputs with exporters. To-day there Minneapolis.
810.5EO
88,120
78,630
10,600
1,660
was a stronger turn to the market. Crop news continued
989,000
82,500
67,500
6,800
favorable, but offerings were light and prices advanced on
114,609
31.177
83,211
8.600
shorts covering
227,412
161,66;
19,043
99,866
aieveland...
855,610
1,863,651
1.0C0
11,86
41,529
309,685
DAILT GLOBING PRICES OF NO. 2 MIXED CORN IN
St. Loali ....
YORK.
167.0C0
8.0OO
206.250
7.10O
123,600
23,650
Wed. Tkurt.
Fri.
Sat.
Mon. rue*.
256,200
dash oorn f. o. b
69
67
65%
66
(mil City.
1,868,800
616,800
71
65%
July delivery in elev
64%
67
65%
.
NEW
Sept. delivery In elev....
Deo. delivery In elev
May delivery in elev
63
50
47%
62%
49%
47%
61%
48%
46%
DAILT GLOBING PRICES OF NO. 2 MIXED OORN
rue*.
Sat.
Mon.
Jnly delivery In elev
63
61
57
Sept. delivery In elev
56
59%
58%
Deo. delivery In elev
43%
45
44%
60%
48%
46%
60%
48%
45%
61%
48%
45%
CHICAGO.
IN
Wed.
59
Tkurt.
Iri.
56
429.112
0,971,18*
2,640,835
8,465.824
86,961
01.
445.671
6,865,961
8,481.(89
2,058,274
• me wk.'OO.
Since Aug. 1.
368.7(8
5,164,214
3,470,549
2.133.619
73,608
101,768
rot.wk.1908
same wk.
81,105,409 856,607,334 127,885,7«4 140,512,891
80,243,489 885.674,861 803,904.436 167.552,421
21,173,4^8 220.285.505 226.7P9 021 165 318 314
l»Ol-0ii
1900.01
18P9-00...
76,184
160.968
74,616
30,634,480 6,170,874
81,184,769 4,487.998
41.S19.81H 6.143,818
55%
56%
55%
43%
43
42%
May delivery in elev
41
42%
41%
41%
40%
The reoeipts of hour and grain at the seaboard ports for
43%
Oats for future delivery at the Western market has been the week ended July 26, 1902, follow:
Otti.
flarlie
riour,
Oern,
fairly active. The feature has been the corner of July coniuifc.
BttHptt at—
buih.
buth.
bbli.
bulk.
tracts. The short interest, it is reported, have resorted to HewYork.
ii,600
98.857
479.125
177,480
3,375
6.860
we
6.460
6i,
Boston
37,218
84,680
aid from the courts to help them out of their predica1W.P5H
6J.551
1?,U8
80^,7-9
44,600
Montreal..,
ment. On the plea, so it is said, that the long interest would Philadelphia.
66.H1!0
4*1.1*1
14,715
48.774
" 1,680
82,l;i0
te,665
64,268
746,782
not sell, an injunction was obtained; nevertheless prices did Baltimore
24.H02
6.084
23,4k2
2,017
Richmond
not weaken, and the price for July contracts went Haw Orlaan**.
X8.000
Iu,8i5
26,420
867,000
16,693
43,160
out at 64c. Prices for the new-crop deliveries have shown a a wport News
4,878
Norfolk
sagging tendency. Crop news has been favorable and there aalveiton
860,126
:i
,
has been moderate bear selling of the new crop in anticipation of lower prices. Locally the spot market has been firm,
reflecting the corner of July contracts in the Chicago market.
To-day the market was firmer but quiet.
Ma
3,113
1,036
122.631
Mobile-
Quebec
9,8t>2
i82,O00
Portland,
Total weak
1901
Weak
4,003
816.794 2,951.046
481,781 6,361.383
866,184
800,639
628.901
1.12.M41
3,379
17,000
19,588
189.461
-
An; lst
'3,
to July 26
1
compare
1900.
as
1899.
11,777,312
bbls. 11,181,875
1901.
18,360,699
bush. M.830,671
SI. 169.415
61,218.088
108. 1*7,678
42,606,863
7,467.355
1,071,184
64,568,^03
107.611.795
46,058 9«7
3,131.950
8,889,745
810,993,006
225.996.060
1908.
of—
flour..
ii
i
1,787,181
68.785,835
47,930,«98
3.r 01,887
8,337,812
"
100.694.102
223,815,077
Cora...,
Oats....
Bailey
'
THE CHI10NICLE.
1903.]
Total receipts at porta from Jan.
follows for four years:
Bectivtt
:
11.M82.813
31,801.786
••
.
Rye.....
Tot*] Brain
9
1.(01.1'
19,01 3,899
several seaboard ports for the week
ending July 26, 1802, are shown in the annexed statement
Pint,
Oatl,
Corn,
flour.
Rt*.
Burltt
Wkmt,
hutk.
bulk,
ton*.
bbU.
butk,
Export* Jrom— bath.
dress goods are firm, but business
for the opening of new spring lines.
continue quiet.
188904
Boiton
m
308.655
B8I
rortiand. Ma.
rniladelphla.. 309.0OO
868.650
Baltimore
HlwOrlaani.,
860
8.4S0
248.1.09
Norfolk
Hewo'rt Nawi 43.160
3^9.076
Montreal
SalTMton..... 316,000
Mobile
Quebec
4,008
132.000
89,379
21,068
115
88,016
31.404
3.113
52,667
43,879
25,315
4.073
15,695
87.081
3,071
1.035
9.3S2
81.654
9,750
8.100
—
NBW YOBK
630
July 26
bill.
J*iy 1 toUnited Kingdom 164.579
*
C. America.
Watt Indies.....
Br.N.Am. ColO'l
Other oountriei
Total
Total 1900-01....
1,091
783T9
274,999
887.098
1,146.407
1,245.073
8,384,268
4,483.165
1902.
buik.
5,404,888
3,088,835
1,700
July 88.
51,153
"'{,£63
1,
butk.
1.477,885
7l6,b81
709,e60
173,483
78.673
93,000
8,013
-Oorn.3inc* Juty
Week
ainee July
July 86.
19C2.
bbl$.
n.7. 5
33,503
88.116
8.985
Continent.
B.
1,
8,545,376
13.439,399
butk.
"8,586
1.090
18.9S4
29.E88
978,543
1.
19C2.
buth.
118.665
125,316
19.299
85,288
12,880
21,581
878,382
7,660.100
The visible supply of grain, comprising the stocks u
granary at the principal points of accumulation at lake and
seaboard ports, July 26, 1902, was as follows:
Corn,
In iter* at—
but*.
Boston.
Philadelphia
Baltimore.
New
Orleans...
QalTeston
Montreal
Toronto*.
Buffalo
Do
Do
477,000
fies,
'88.00"
8,000
23,00
61,000
bmrlei
bu>M.
77,000
6,000
8 00C
9,000
44,000
49,000
"lo'66
3,000
3,oV(
scoYouo
1?8.000
25,000
C 3,000
46,000
8 u<n
i&.'ooo
'tu'.'ooo
15,000
4,000
2,000
5,130,000
377.000
109,000
1,000
'33,6bo
2,000
16 JO
"i.b'oc
64,00
67,000
6,000
afloat
•etrolt
881,000
Do afloat
Oaloaeo
Do afloat
Milwaukee
afloat
Do
8,288,000
.
..
48.000
rt.Wurm4Pt.Arthor
Dnluth
773.000
2855,000
36,000
e.soo.oor
8,217.009
4.000
410,000
afloat
Minneapolis
St. Louis
Do
8,000
6S7,0Ut
373.000
93«,ooe
710,000
780,000
203,000
26,000
511,009
Oats,
buth.
afloat.
Toledo
Do
bulk.
108,000
7*5.ow
Mew York
Do afloat
17.000
8,000
O.onn
7.000
3i.0o6
16,000
13.000
21.006
8
JO'
afloat
KansaaClty
Peoria
Imdlanaoolls
On Mississippi BiTer.
OnLakes
Onoanalandriror.
..
416,000
802,000
893.nnn
.op.oco
747,000
504,000
TotalJnly 26,1908.. 31.591,000
'
44,000
49.000
47.000
1,048,000
784
724
17
76
839
140
83.925
9,f30
13,246
5,658
14,253
1,266
4,904
28,476
8,181
4,399
171,522
S08
'
'
...
... ....
18.000
24,000
26.CO0
Total.
7,488,000
6,603,000
13,!i87,000
TotalJnly £8. 1600.. 46,8e«.0C0
TotalJnly 29,1899.. 8B.183.000
11,098,000
11,646,000
864,000
718,000
5,687,000
6,692,000
3,794,000
230,000
196,000
5E 8,000
657.000
587,000
llU.OOt
»
518,0(
Si!
©
633,0(0
•
•
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B
12/776
159,109
876
553
49
79
1,181
2. »
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Aug. 1, 1902.
the market have
the advances being cot fined almost entirely to the worsted
fabrics.
Buying of heavy-weights for current requirements
has been quite moderate, but the market is steady for staple
lines.
Overcoatings and cloakings are quiet, with kerseys
still in best request.
Staple lines of woolen and worsted
•
.
M„
lines of all-wool goods opened show no change in price
parity with the lines previously put upon the market, that is,
they are quoted at practically the same prices as last season,
55
160
1,699
n
to lag =2
P
30j,OCO
New
927
55,463
2,633
30,396
6,431
12,888
1,097
5,030
36,694
4,537
year are as follows:
100,000
A
3.008
Importation* and Warehouse Withdrawal!* ot Dry Goods
The importations and warehouse withdrawals of dry goods
at this port for the week ending July 31, 1902, and since
January 1, 1902, and for the corresponding periods of last
9.000
Conditions in the cotton goods division of
not improved duriDg the past week from the sellers' point of
view. The home demand, although better than at the beginning of last month, is quiet for the time of year, while
there is an atsence of business on export account except in
small quantities for the subsidiary markets. Sellers are slow
to declare open changes in quotations, but there have, nevertheless, been reductions made openly in wide sheetings and in
kid-finished cambrics, with business done quietly at lower
Erices than before in some lines of heavy cotton goods. The
ardenirg tendency recently noted in the print- oloth market
has disappeared also. The tendencies of the week have thus
been in favor of buyers. At the same time it must be noted
that the easy tone is not all-pervading. Fine yarn-finished
goods for next spring season have been liberally ordered, and
are firm in tone, while the gingham division is quite strongly
situated.
The chief feature of the week in the woolen goods
division has been the opening of men's-wear worsteds at a
general advance ranging from 2J£c. to 5c. per yard. The gen
eral jobbing trade is reported quiet.
Woolen Goods.— considerable number of sellers have
opened lines of clays, serges, cheviots, fancy worsteds, etc.,
in light-weights for men's wear for next
spring. These
show, as already noted, advances of 2>£c. to 10c. per yard,
compared with opening prices for the current fall season.
Buyers have been in attendance in goodly numbers, and a
fair amount of business has been booked for the new season.
71
17
8,036
l.
Foreign Dry Goods.—A fair amount of business is reported in foreign dress goods, with a firm tone in the market,
Silks and ribbons have been in moderate request at firm prices.
Linens are quiet put prices maintained. Burlaps are in light
demand only and easier to buy than of late.
THE DRY GOODS TRADE.
Yoek, Friday, P.
Week. Since Jan.
The value of the New York exports since Jan. 1 to date
hpa been $7,879,977 in 1902, against $7,099,121 in 1901.
Wide sheeting, such as Pepperell, Androscoggin, Utica and
Mohawk have been reduced %q. to lc. per yard, a decline of
5 per cent, and a reduction of )^c. per yard has been made
in leading lines of kid-finished cambrics.
The response
to these lower prices has been moderate only. In heavy
brown sheetings and drills the market oontinues dull. Home
buyers confine their purchases to limited quantities with
nothing of any moment doing for export. Prices are irregular, with a general tendency in favor of buyers.
Light
weight fine yarn grey goods are quiet at previous prices.
Business has again been quiet in bleached cottons, but prices
are generally steady. Cotton flannels and blankets are unchanged. Denims are slightly easier in some quarters and
tickings are irregular.
Other coarse, colored cottons quiet
and unchanged. The demand for staple and fancy prints has
been of late ordinary character, with a steady tone. Fine
printed fabrics for next spring continue in fair demand.
Shortage of ready supplies is the chief feature in the gingham
division, with production sold ahead for a considerable time
to come. No business has been reported in regular print
cloths, unchanged at 3c. nominal, and th9 market has ruled
quiet for both narrow and wide odds.
o
Total July 10,1802.. 20.416.000
Total July H7, 1901.. 29,270,000
Nbw
1,299
Central America. .... .— ...
South America....
Other Oonntrlet. .... .... ...
-Wheat.
Week
Since July
8
24
2,263
...
QuOXlOO.. ....... .... .... •••..
-Flour.-
Week
ttreat Britain..
Other European
China..— ...... .-—
Africa
... .... .... .... ...
West Indies
'80,661
1901.
Week. Since Jan.!
Arabia.....
11,850
274.999
41,039
89.879
89.888
TeUl week.. 2,824,868
80,331
Same time '01. 4.483, 165 978,643 887.0*8 531,158 147,785 11,947
Ihe destination of these exports for the week and since
July 1, 1901, is as below:
MxjorUfor
W44k and Hnce
1902.
TO JULT 28.
Lnnlft..... ........ ...... ......
1.565
quiet; buyers waiting
Flannels and blankets
is
Domestic Cotton Goods. The exports of cotton goods
from this port for the week ending July 28 were 4,399
icsages, valned at $223,260, their destination being to the
points specified in the tables below:
The exports from the
If«w York
253
R
q mm
to to»
wccyi
»-
a
"*
M Q OD
OO^ICOSCO
*>.<JtOir-W
I
—
—
— —
:
.
THE OHKONICLE.
254
State and City J3£?aiitment,
News
Items.
Columbus, Ohio. Temporary Injunction.— The Columbus
"Ohio State Journal " on July 29 contained the following
:
The application for a temporary injunction In the suit of Beckett against the
cltv was allowed Monday by Judge Bigger, and the building of the municipal
and the transfer of thi bonds from the cits to the trustees
Of the sinking fund accordingly enjoined until a full hearing is had.
The sua involves the constitutionality of the charttr law. and the claim la
made that the city has no authority to issue bonds, because it is opt rating
under a cbarter which Is ipecial and contrary to the Constitution. The city's
attorneys objected to the temporary order, but since the validity of the bonds
Is involved and also the prubabie rights of innocent purchasers, the Court
allowed the order. Next Mondav was set as the day for the heariog of the entire matter, and Judge Bigger will make all haste to render an early decision,
so that the controversy may be settled as soon as possible.
electric- light p'.ant
[Vol.
LXXV.
Alexandria, Va.— Bond Offering. —Proposals will be
re-
ceived until August 30 (bids to be opened at 11 a. m., September 1), by Thomas W. Robinson, City Treasurer, for
$50,000 4.% public-improvement bonds. Denominations, 20 of
$1,000 each, 40 of $500 each and 100 of $100 each. Date,
July 1, 1902. Interest semi-annually at the office cf the
City Treasurer. Maturity, July 1. 1932. Bonds are exempt
from city taxation. Certified check for Z% of the par value
cf bonds required. Accrued interest to be paid by purchaser.
Arlington Heights, Cook County, 111.— Bond Sale.— On
July 14 $6,C00 4% 20-year water bonds were awarded to
Charles H. Patten of Palatine at 102 083.
Battle Lake, Minn.— Bonds Not Sold.— The $5,000 4%% 10year water and light bonds offered for sale on July 7 have
not yet been disposed of.
Tyler, Texas.— Bond Litigation. The refusal of the St.
Beaumont, Texas. Bond Election Proposed. The School
Louis Southwestern Railway Co. to pay taxes for the pay- Board has passed a re solution requesting tbe City Council to
ment of the bonds known as the first and second funding call an election to vote on the question of issuing $100,000
bonds (issues of 1892 and 1896) has resulted in litigation, the school-house bonds.
railroad claiming that the city had no right to issue these
Bellaire, Ohio.— Bonds Defeated.— At an election held
July 28 the question of issuing $18,000 city-hall furnishing
bonds. The suit was tried in the February term of the Dis
trict Court and that Court decided that the levies were void. bonds was voted upon and defeated.
On motion for a new trial the question was raised that the
Belle Ternon, Pa.— Bonds Voted.— This borough, by a vote
trial Judge was a resident citizen of Tyler and therefore dis- of 107 to 88, recently authoriz d the issuance of $10,000 firequalified to try the case. The Judge, we are advised, was of department and street-improvement bonds.
tne same opinion and granted tbe city a new trial. The cage
Bellevuc, Ohio.—Bond Offering.— Proposals will be rewill come up again at the September term of the District ceived until 12 M. Aug. 13, by R. V. McKenzie, Village Clerk,
Court. As the question is one of importance to the holders for $6,500 4% water-works bonds.
Denomination, $250.
of these bonds, R. P. Dorough, the City Attorney, is very Date, Sept. 1, 1902. Interest semi-annually at the American
anxious to hear from any of the bondholders, with a vi9W to Exchange National Bank, New York City.
Maturity, one
bond each six months from March 1, 1905, to Sept. 1, 1914,
secure counsel to assist him at the trial.
Virginia.— Legitlature Adjourns.—The special session of except in March and September of the years 19C6, 1907 and
the State Legislature, which convened July 15 to put into 1910, when $500 will mature. Certified check for 5# on a
operation the new State Constitution, adjourned on July 28 national bank, payable to the Village Treasurer, required
to meet again Nov. 12, 1902, at which time the matter of
Blackwell, Okla Bond Safe.— On July 10 $40,COO 30 year
codifyirjg the new Constitution will be taken up, as the re- water bonds were awarded to R. J. Edwards of Oklahoma
cent session failed to provide for a commission for this pur- City at par for 5J^ per cents. Following are the bids
pose.
R.J. Edwards, for f>Ms
Par
Oklahoma Bond & Trust Co..
—
—
—
•
I
D.B. Dune, for 6s
Bond Calls and Redemptions.
Allentown, Pa.— Bond Call.— Interest ceased August 1
on bonds Nos. 1 to 16, inclusive, of the city loin issue of
Aug. 14, 1897. Bonds are for $500 each and the payment
will be
made
at the office of the City Treaeurer.
$40,500
|
for Cs
M0.300
Blissfleld Township, Lenawee County, Mich.— Bond Sale.
July 24 $3,000 5% bridge- abutment bonds were awarded
to the Jibson Carter State Bank of Blissfield at 101"44. Following are the bids
Jibson Carter State Bank
13,043 20 Noble, Moss & Co., Detroit... .13,010 00
Security Trust Co.. Toledo.... 8.045 60 C K. Temple. Grand Rapids.. 3,000 00
BlissUeld State Bank
3,028 00 8. A. Kean, Chicago
2,960 00
—On
1
|
Crawford County, Pa. Bond Call.—The County Commis- State Sav. Bank, Toledo
3,027 60
sioners have decided to call for payment Nov. 1 $24,000
Date of bonds, Aug. 15, 1902. Interest annually on Feb. 1.
bonds. With this payment the county will be entirely free Maturity, $1,000 on Feb. 1 cf each of the years 1903, 1904 and
from debt.
1905.
Madison County, Miss.— Bond Call.—The Board of SuperBonesteel (S. Dak.) School District.— Bond Election.—
visors has called for payment September 1 at the office of An election will be held Aug. 6 to vote en the issuance of
the County Treasurer bonds Nos. 1 to 146, inclusive, issued school- house bonds.
July 7, 1897.
Braddock (Pa.) School District.— Bonds Proposed. —The
Spokane, Wash.— Bond Call.—'M.. H, Eggleston, City Treas- Board of Education is considering the question of issuing
urer, calls for payment August 14 bonds Nos. 18 to 23, in- $100,000 school bonds— $85,000 for a building, $5,000 for a
clusive, of First Avenue Paving District No. 1.
site and $10,000 to take up floating debt.
Valencia County (P. O. Los Lunas), N. Mex.— Bond
Loan Authorized. The Town Council has
Bristol, R. I.
Call. — S. Lur a, County Treasurer, calls for payment at his authorized the Treasurer to borrow $10,000 for sewer puroffice, or at.the barking house of E. H. Rollins & Sons, Den- poses.
ver and Boston, or at place designated below, the following
Bonds Not Sold.— On account of bids being too low, the
bonds
$47,000 %%% gold sewer bonds offered for sale on July 31 were
I
—
:
$18,982:60 8* funding bonds of 1882. Nos. 1 to 5 for »l.C00each; Nos. 1 to 18
for *6CO each; Nos. 1 to 48 Jor »100 each. Certificate No. 1 lor *89 98;
Certiorate No. 2 for »36 76 and Certificate No. 3 for $55 87. Bonds
due July 1, 190-i. at office of County Treasurer.
3,80000 Bit funding bonds, dated Jan. l, 1886, and numbered 1 to 38, inclusive. Payable at First National Bank. New York City.
18,700 00 6* lundlng bonds, dated Jan. 1, 18c9. Nos. 1 to 17. $1,000 each; Nos.
1 to 3. $5o0 each, and Nos. 1 and 2, $100 each. Interest will cease
Sept. S, 1902.
30,000 CO 6* funding bonds, dated Aug. 1,1889. Nos. 1 to 80, inclusive, for
$1,000 each. Payment made at Chemical National Bank, New York
City.
Bond Proposals and Negotiations thii
week have been
as follows
:
Abilene (Texas) School District.— Bonds Voted— Bond
Offering.—This district has voted to issue $20,000 5% 20-40
year (optional) bonds by an "overwhelming majority." Proposals for these bonds may be addressed to F. W. Chatfield,
Superintendent of Schools. Interest semiannually in Abilene.
Arquackanonk (N.
—No satisfactory
J.) School District.— Bonds Not Sold.
bids were received ion July 26 for $2,500
4.%% school bords.
Akron, Ohio.—Bond Sale,— On. July 26 this city sold $5,500
5# Campbell Street sewer bonds to Denison, Prior
Co.,
Cleveland, for $5,504; also $3,300 5# Wooster Avenue sewer
bonds and $800 5% Locust Street sewer bonds to the Fire-
&
not awarded.
Bristol (S. Dak.) School District-Bond Election.— Th*
question of issuing $4,500 school house bonds will be submitted to a vote of the people at an election to be held Aug. 6.
Broadwater County (P. O. Townsend), Mont.— Bond Offering.— Proposals will be received until 12 m,, September 2, by
B. S. Coad, County Clerk, for $20,000 4% refunding and $20,C00 funding warrant bonds. Authority, Sections 4240, 4241
and 4242 of the Political Code of Montana. Denomination,
$1,000. Interest, semi-annual. Maturity, twenty years. Certified check for $1,500, payable to the above-named County
Clerk, required.
Brock port, N. Y.—Bond Sate.- On July 28 the $75,000 5-29year (serial) sewer bonds described in the Chronicle July 26
were awarded to Myron W, Greene of Rochtster at par for
The other bidders were Denison, Prior
3 65 per cents.
Co Cleveland; The Lamprecht Bros. Co., Cleveland; M. A.
Co., New York; Isaac W. Shenill, Poughkeepsie;
Sttin
&
,
&
Genesee Valley Trust Co., Rochester; Fareon, Leach & Co.,
New York, and O'Connor & Kahler, New York.
Brookfleld, Mo.— Bond Sale.-Oa July 29 tbe $11,000 4%
10-20 year (optional) water-works bonds were awarded to
the Linn County Bank of Brookfield, at par the bonds to be
delivered as the improvement to the water- works advances.
Canon City School District No. 1, Fremont County, Colo.
—Bond Sale.— Tnis district has sold an issue of $25,000 4%
bonds to the Fremont County Bank of Canon City at par.
Carthage, N. Y.— Bonds Defeated.— At the election held
July 26 the question of issuing $171,000 water bonds was defeated by a vote of 109 for to 14t against.
Catlln, Chemung County, N. Y.—Bonds Authorized.— The
Board of Supervisors has authorized this town to issue $2,000
4% bonds for the repair of roads and bridges. Denomination,
Interest annually on February 1 at the office of the
$5! 0.
County Treasurer. Maturity, $500 yearly on February 1
—
men's Pension Fund for $3,301 and $803, respectively.
Albany County (P. O. Laramie), Wyo.— Bond Offering.—
Proposals will be received until 1 p. m., October 8, by James
McGibbon, County Clerk, for $15,000 refunding bonds. Danominations, $100, $500 and $1,000, as desired. Date, Nov.
Interest, rate not to exceed 4*4%, will be payable
16, 1902.
semi-annually at the office of the County Treasurer or at the
National Citizens' Bank, New York City. Maturity, 20 years;
optional after 10 yean. Certified oheck for $1,000 required.
Alexander County (P. O. Cairo), lU.—Bond Election.—At from 1903 to 1906, inclusive.
_j.
the November election the question of issuing $43,000 5% 20Chelan County (Wash.) School District So. I. -Bond
year judgment bonds will be submitted to a vote of the Sate.— On July 5 an issue of $1,000 5% 5-10 year (optional)
bonds was awarded to the State of Washington.
people.
A
tL
——
Arausr
3,
THE CHRONICLE.
1902.]
Clallam County (Wash.) School District No. 27.— Bond
Offering.— Proposals will be received until .2 m , August 19,
by W. J. Dyke, County Treasurer (P. O. Port Angeles), for
$3,000 10 20 year (optional) refunding bonds. Denomination,
|500. Interest rate limited to 10* arc! should be named in
bid.
Certified check for 1* of bonds required.
Clark County (P. 0. Springfield), Ohio— Bond Offering.
Proposals will be received until 2 p m,, August 23, by the
Board of County Commissioners, for $60,000 5% building
botds. Authority, Section 871, Ravised Statutes of Ohio.
Denomination, 1530. Date. Sept. 1, 1902. Interest semi-an
nually at the effice of the County Treasurer. Maturity, $1,500
each six months from March 1, 1908, to Sept. 1, 1922, inclus
ive.
Certified check for $1,0C0 required.
Cleveland, Ohio.— roids Refused.— Blodget, Merritt & Co.,
Boston, have refused to take the $100,000 4% market house
tonds awarded to them on May 26. The attorneys for the
Boston firm advised this action, owing to recent decisions of
the State Supreme Court effecting the government of the
city of Cleveland. See Chronicle July 26, p. 202, under
caption "Ohio."
Cleveland (Ohio) School District —Bonds Refused.—The
Lamprecht Bros. Co., Cleveland, have refused to take the
$1,125,0C0 4% school bonds awarded to them on July 16.
Bond Offering.— Proposals will be received until 12 M.,
August 29, by J. P. Madigan, Auditor of the Board
of Educaticn, for $500,000 4% coupon deficiency bonds and
$100,000 4% coupon building bonds, maturing April 1, 1922.
Denomination, $1,000. Date, April 1,1902. Interest (semiannually) and principal both payable at the American Excertified check on a
change National Bank, New York.
national bank for 5% of the amount of bonds bid for and
payable to the "Treasurer of the Board of Education" must
accompany proposals. Blank forms obtained from the AudThese bonds are part of
itor mest be used by all bidders.
the $1,125,000 bonds" awarded on July 16 to The Lamprecht
Bros. Co., Cleveland, but afterwards refused by that firm.
It is stated in local papers that a number of the leading
banks and trust companies of Cleveland have agreed to take
these bonds at par and hold them until such time as the die
trictmay be able to obtain a fair price for the same, when
on demand they will be turned over to the school authorities
and sold in the regular way. For this reason the advertisement states that no conditional bids will be considered.
Columbus, Ga.—Bond Sale— On July 16 the $40,000 4%
gold bridge bonds described in the Chronicle June 14 were
awarded to the Columbus Savings Bank at par.
Constantino, Mich.— Bond Electim.— An election will be
held in this place to vote on the issuance cf $4,500 publicimprovement bonds.
Cumberland. N. S.— Debenture Sale.— On July 19 $15,000
4% 3C-year jail debentures dated July 1, 1902, were awarded
—
A
Douglas Bros, of Amherst at 101 "033.
Dallas, Texas.— Bond Election.—The City Council has
passed a resolution to hold an election Aug. 26 to vcte on the
question of issuing $175,000 4% 10-40-year (optional) gold
bonds for the following purposes
$100,000 for water- works
and sewers, $50,000 for fire and police stations and $25,000
for street improvements
Danville, Va.— Bond Election.— Tte City Council has
passed a resolution to submit the question of issuing $160,100
bonds in aid of the Charlotte Farmville & James River Railroad to a vote of the people at the next general election.
to
:
Davis School Dist., Yolo and Solano Counties, Ca\,—Bord
Sate.— This district has sold an issue of $7,500 5% 1-10-year
(serial) gold bonds to the Oakland Bank of Savings at 1 03-533,
Isaac Springer of Paeadena, who offered 10268 for the bonds,
was the only other bidder.
Delray, Mich.— Bond Sale.—This village on July 30 awarded $65,000 sewer bonds to the State Savings Bank of Detroit
at par for 3>£ per cents.
Do quesne, Pa.— EondSale.— It is stated that on July 15
the $50,000 4}4% street and the $20,000 <%% sewer bonds described in the Chronicle June 28 were awarded at 1C6 335.
Bond Election Proposed.— At a recent
Edgefield, S.
mass meeting of citizens the town authorities were petitioned
to order an election to vote on the question of issuiLg $15,000
school-houee tonds.
Edgefield County, S.
Bond Offering.— Pro-poaala will
be received until 12 m., August 11, by the Board of Commissioners— J. R. Blocker, Clerk for the fallowing bonds
C—
C—
—
:
$16,100 b% 30-year coupon refunding railroad-aid bonds of Pickens Township.
Debt or township, IS.IOO in addition to above issue. Assessed valuatltn, *5U6,0.0.
13,800 5* 3'j-jear coupon refunding railroad-aid bor.ds of Wise Township.
Debt of township, above issue only. Assessed valuation, $516,500.
Date
—
255
Front Royal, Va.— Bond Sale.— This town has sold an issue
bonds to the Front
of $29,000 4% 20 30-year (optional) water
Royal National Bank at par.
Gainesville, Ga.— Bond Sale.— On July 18 the $20,000
sewer, $20,000 school and $10,000 street 4% bonds descrited in
the Chronicle June 28 were awarded at par less a small
commission.
Geary School District, Blaine County/Okla.— Bond Offering.— Proposals will be received until 8:30 p. m., Aug. 4, by
the Board of Education, F. E. Gilmore, President, for $0,500
6$ 20 year bonds. Denomination, $500, Interest semi-annuCertified check for $500 required. Purchaser
ally in Geary.
to furnish lithographed bonds. Total debt, including this
Assessed valuation, $218,347; real valuaissue, $8,635 92.
tion estimated at $655,041.
Grangevllle, Idaho. Bonds Voted. By a vote of 193 to 13,
this city recently authoiized the issuance of $5,000 Q% 10-20Casady is City Clerk.
year (optional) bonds. W.
—
H
Great Falls, Mont.— Bond Sale.— The $45,000 5% 20-year
bonds offered for sale on July 28 were awarded at a price
said to be 100 '37. The tonds were described in the Chronicle July
19, p. 149.
Hardy Township, Holmes County, Ohio.—Bond
—Proposals will be received until 1 p. at,, Aug.
Offering.
by the
G. Bilderback (P. O. Millersburg),
President, for $13,000 5% refunding bonds. Denomination,
Interest, Feb. 15 and Aug. 15 at the office of the
$1,000.
Township Treasurer. Maturity, $1,000 yearly on Aug. 15
from 1928 to 1940, inclusive. Certified check for $500 reBoard of Trustees,
9,
J.
quired.
flico, Texas —Bonds Re 3 istere f.— The State Comptroller
has registered $3,250 water and $3,500 school-house bonds of
this place.
Homer, 111. Bond Election.— An election will be held
Aug. 13 to vote on the question of issuing $3,500 village-hall
bonds.
Hull, Que. Sale Not Consummated. We are advised
that the city has rescinded its action in awarding on May
19 to Jose, Parker & Co., Boston, $91,000 5£ 25 year debentures, owing to the time taken by the Boston house in investigating the legality of the bends. The securities are still
on the market.
Hyde Park, Ohio.— Bond Offering.— Proposals will be received until 12 m,, Sept. 2, by Frank D. Ebersole, Village
Clerk, at the office of F. H. Kinney, R:om 110, 519 Main
Street, Cincinnati, for the following bonds
—
:
$2,406 92 6% 1-10-year (seriaDDouglas Avenue improvement bonds.
2,166 12 6* 1-10-year (serial) Edwards Read improvement bonds.
6,000 00 4J4J6 20-year sidewalk bonds (city's share).
•
Date, Aug. 18, 19C2.
Interest annually at the Franklin
of Cincinnati.
certified check for 2% of bonds, payable to the Village Treasurer, required. Amount of assessment bonds may be reduced if any assessments are paid in
cash.
Iliop, N. Y.— Bond Sale
This village on July 5 sold to
the State Comptroller at par an issue of $4,500 4% sewer
bonds. Securities mature $1,000 yearly after five years.
Isle of Wight County, Va.— Bond Sale.— On July 28 the
$9,500 b% bonds described in the Chronicle July 19 were
awarded to S. A. Kean of Chicago at 106.
A
Bank
—
Jackson County (Mo.) Consolidated School District No.
1.— Bond Sale. This district has sold an issue of $3,250 5%
5- 10-year (optional) bonds to R. V. Montague & Co., Kansas
City, at 101 61. District has no debt other than above. As-
—
sessed valuation, $355,000.
Jefferson City (Mo.) School
District.— Bond Election
Fropised.— The School Board is considering the question of
submitting the issuance of $25,000 high-school-building
bonds to a vote of the people.
Jefferson County, Ohio.—Bond Offering.— Proposals will
be received until 12 m., August 9, by the Commissioners of
the Empire Free Turnpike, care of the County Auditor, for
$8,000 5% Empire Free Turnpike bond?. Authority, Section
4808, Revised Statutes of Ohio.
Denomination, $500. Date,
Oct. 1, 1900. Interest semi-annually at the office of the
County Treasurer. Maturity. Oct. 1, 1903.
Jersey City, N. J.— Bond Offering.— Proposals will be received until 3 p. M., Aug. 6, by the Board of Finance, for
$500,000 4% gold refunding water and $400,000 4% gold coupon
funded water bonds. Date of bonds, Sept. 1, 1902. Interest
will be payable semi-annually in gold.
Priacipal will mature Sept. 1, 1932. Each bid must be accompanied by a certified cheok for 2% of the par Talue of the bonds bid for, payable to the City Treasurer. Bonds are
George R. Hough is City Comptroller.
exempt from
taxes.
July 1, 1902. Denominations, $100, $500 and
Kennebunk, Me.— Note Sale.— This town has sold §4,000
Interest semi annually at the office of the County
3%<& 10-year notes to W. L. Dane of Kennebunk at par.
Treasurer. Certified ot eck for 2$ of bonds bid for, draw n on
Kilbourn, Wis.—Bond Cfferivg.— Proposals will be re
a national bank in favor of the County Board of Ccmmis
doners, rf quired.
ceived until 3 p. m., August 12, by A. I. Bennett, Village
Englewuod Cliffs School District, Bergen County, N. J. Clerk, for $6,000 4% water bonds. Denomination, $1,000.
—Bonds Voted.— This district baa voted to issue $5,000 bonds. Date,
Sept. 1, 1902. Interest annually at the effice of the VilFort Plain, N. Y.—Lecription of Bonds.— e are advised
lage
Treasurer.
Maturity, $1,000 yearly on March 1 from
that the $20,100 Z%% water bonds which we stated last week
had been sold to the Albany Savings Bank at par were 1910 to 1915, inclusive. Certified check for 5% of the bonds
awarded en July 17. Denomination of bonds, $1,000. Date, bid for required.
July 1, 1902. Interest annually on July 1 at the National
The official notice of this bond offering will be found among
Park Bank, New York City. Maturity, $1,000 yearly on
the advertisements elsewhere in this Department.
July 1 from 1907 to 1926, Inclusive.
Fountain Valley School District, Cal.—Bond Election.—
Kirkwood, St. Louis County, Mo.—Boni Offering.—ProAn election will be held Aug. 4 to vote on the issuance of posals will be received until 8 p. m., Aug. 18, by J. G.
bonds for an addition to the school house.
water bonds. DenomHawken, City Clerk, for $25,000
ot bunds,
851,000.
W
H
:
—
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—
—
— —
THE CHRONICLE.
256
ination, $1,000. Date, Nov. 1, 1902. Interest semi-annually
at the Bank of Kirkwood or in St. Louis. Maturity, Nov. 1,
1922.
Cost of printing or lithograping bonds to be borne by
purchaser. Present bonded debt, $84,000. Assessed valuation, $1,444,000; estimated actual value, $1,800,000.
[Vol.
Vernon, must accompany proposals.
Wm.
LXXV.
N. Hoyt
is
City
Clerk.
Newton County, Texas.—Bond Sale.— The State Board of
Education has purohased an issue of $24,000 court-house
bonds recently registered by the State Comptroller.
Laporte, Ind.—Bonds Authorized—The Common Council
Northampton, Mass. Bonds Proposed. The issuanoe of
has authorized the issuance of $40,000jeidewalk bonds.
$50,000 water bonds is being considered.
Lawrence County, S. Dak.— Bond Offering.— Proposals
North Bend, Ohio.—Bonds Voted.— By a vote 60 to 11 this
will be received until 12 m., Sept. 1, by W. A. Zink, County place on July 14 authorized the issuanoe of $10,000 street and
Auditor, for $275,000 4% refunding bonds. Denomination, $10,000 sidewalk 4% 30-year bonds. We are advised that the
Date, Nov. 1, 1902. Interest April 1 and Oct. 1 in sale will take place in August, but the exact day has not yet
$1,000.
New York City. Maturity, Nov. 1, 1922, optional Nov. 1, been fixed.
1912.
Certified check for 2% of bid, payable to the County
Norway (Mich.) School District.—Bonds Voted.—This
Treasurer, required.
district has authorized the issuance of $15,00J school-house
Lewis County (P. O. Lowville), N. T.—Bond Sale.— On bonds by a vote of 63 to 4.
July 24 the $16,000 4% bonds described in the Chronicle July
Norwood, N. Y. Bond Offering.— Proposals will be re19 were awarded to the Watertown Savings Bank at 101 405 ceived until 12 m., Aug. 5, by E. J. Holt, Village Clerk, for
a basis of about 3J^#. Following are the bids
$35,000 coupon water bonds. Interest, rate not to exceed
$16,225 00 Oeo. M. Hahn. New Vork.... 116.107 26 '6%<&, payable annually.
Watertown Savings Bank
Maturity, $1,400 yearly, beginning
W. J. Hayes & Sons. Cleve... 16,156 80 O'Connor & Kabler. N. Y
16,014 40 five
years
after
of
issue.
date
Bonds to be sold to the party
Gallien,
Albany
16,136
00
Edw. J.
who will take them at the lowest rate of interest.
London, Ohio.— Bond Offering.— Proposals will be received
Oklahoma City, Okla.— Bond Election.—The City Council
until 12 m., August 8, by Robert Woodhouse, Village Clerk,
has ordered a special election to be held this month to vote
for $1,200 5* library-site bonds. Authority, Sections 2835,
on the question of issuing $100,000 high -school-building
2836 and 2837, Revised Statutes of Ohio. Denomination, $600.
bonds.
Date, August 8, 1902. Interest annually at office of the VilOkmulgee, Creek Nation, I. T.— Bond Offering.—Propolage Treasurer. Maturity, $600 Jan. 1, 1917, and $600 Jan. 1,
sals will be received until 7 p. m., Aug. 5, by Valdo Smith,
Certified check for 5% of the gross amount of the bonds
1918.
Town Recorder, for $20,000 30-year school-house bonds. Derequired.
Lurerne Independent School District, Eock County, nomination to suit purchaser. Date, Aug. 15, 1902. Inter(rate to be named in bids) will be payable semi-annually.
Minn.—Bond Offering.— Proposals will be received until 8 est
Bids are asked for bonds bearing 4%%, 5% and 6g. Certified
p. m., August 19, by John Kelley, Clerk Board of Education,
check for 5% of bonds bid for, payaole to the Town Treasfor $8,000 4% refunding bonds. Denomination, $1,000. Date,
urer, required. Authority, vote 156 to 3 at election held
Sept. 1, 1902. Interest, semi-annual. Maturity, Sept. 1, 1912.
April 1, 1902.
Certified check for $300 required. Purchaser to furnish
Parsons, Kan.— Bonds Defeated.— At a special election
blank bonds.
held July 22 the proposition to issue $200,000 bonds to purLynn, Mass. Bonds Authorized.— An order has been
chase wells, pipe line and leases of the Prairie Oil & Gas Co.
passed providing for the issuance of $31,000 3*4% 10-year
—
—
:
failed to carry.
bonds.
Panlding County, Ohio.—Bond Offering.— Proposals will
Madison County, Miss,— Bond Offering.— Proposals will
be received until 12 m.. Aug. 12, by Allen By bee, County
be received until August 4 by the Board of Supervisors,
C. S. Priestly, Clerk, for $70,000 refunding bonds. Bids are
asked for bonds bearing 4%, 4%% and 5% interest. Date of
bonds, Sept. 1, 1902. Interest semi-annually at the office of
the County Treasurer. Maturity, $500 yearly on Sept. 1
from 1903 to 1926, inclusive, and §58,000 on Sept. 1, 1927.
Certified check for 5% of bonds bid for, payable to the County Treasurer, required. Accrued interest to be paid by purchaser. These bonds were advertised to be sold on July 7,
but the sale was postponed on account of certain irregularities.
Marion County, Texas.—Bonds Registered.— The
State
has registered an issue of $5,500 refunding
county.
Texas.—Bond Election.— An election will be
14 to vote on the question of issuing $25,000 4%
15-45-year (optional) water-worJjs bonds.
Mascoutah, St. Clair County, 111.— Bond Sale.— On July
24 an issue of $10,000 Z%<f> city bonds was awarded to local
Comptroller
bonds of this
Marshall,
held August
investors at par.
Maurice, Sioux County, Iowa.—Bond Offering.—Proposals
will be received until 8 p. m., Aug. 11, for $1,500 5% waterworks bonds. Authority, election held July 15, 1902. Maturity, optional after 5 years.
Medina, Ohio.— Bond Offering.—Proposals will be received
until 12 M., August 16, by O. O. Van Deusen, Village Clerk,
for $1,500 5% water- works bonds. Authority, Section 2835,
Revised Statutes of Ohio. Denomination, $500. Date, July 1,
Maturity, $500 yearly on Feb. 15
Interest, annual.
1902.
from 1905 to 1907, inclusive. Accrued interest to be paid by
purchaser.
Auditor, for $20,000 5% bridge bonds.
Authority, Sections
871, 872 and 2834a, Revised Statutes of Ohio.
Denomination, $1,000.
Date, Aug. 1, 1902. Interest semi-annually at
the office of the County Treasurer. Maturity, $2,000 yearly
1 from 1909 to 1918, inclusive.
Certified check or
certificate of deposit for $500 on some bank in Paulding re-
on Aug.
Bids to be unconditional. Purchaser required to
furnish blank bonds.
Peekskill, N. Y.—Bond Sale—On July 29 $51,285 70 sewer
bonds were awarded to the Peekskill Savings Bank at par
for 3)4 per cents.
Following are the bids
Peekskil Savings Bank
SK% bonds O'Connor & Kahler, N. V. .3-65$ bonds
1. W. Sherrill, Poughkeep...S&5 bonds
W. R. Todd & Co.. N. Y....4-00j( bonds
Denomination, $2,000, except one bond for $1,285 70. Date,
Aug. 1, 1902. Maturity, one bond yearly, beginning in 1919.
Petaluma (Cal.) School District.—Bonds Defeated.—The
proposition to issue $35,000 school-house bonds was defeated
at the election held July 15.
Pickens, Miss.— Bonds Not Yet Ready for Sale.—
are
advised that the $6,000 water bonds mentioned in tne Chronicle June 28 will not be offered for sale until the well is finished and a sufficient supply of water furnished. Tbe contract for the well has just been let. The securities will probably be 5% 5-20 year (optional) bonds.
Pittsbnrg(Pa.), Sterrett School District.— Bonds to be
Issued.—This district is preparing to issue $75,000 schoolhouse bonds.
Pittsfleld, Mass. Loan Renewed. The City Treasurer, it
is stated, has renewed $37,000 5% sewer notes.
These notes
will mature June 15, 1903, at which time all the sewer notes
outstanding will be retired by an issue of about $200,000
bonds.
Plattsburg, Mo.—Bonds Defeated.—The eleotion held July
15 resulted in the defeat of the proposition to issue $10,000 4%
street-improvement bonds, the question not receiving the
necessary two-thirds vote.
quired.
:
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We
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Mercer County (P. 0. Trenton), N. J.—Bond Sale,— On
July 28 the $100,000 %%% building bonds described in the
Chronicle July 26 were awarded to Farson, Leach & Co.,
New York, at 103-375 and interest— a basis of about 8*344$.
Following are the bids
Farson, Leach & Co.. New York.103-376 Dick Bros. & Co., Philadelphia. 102-07
Pocomoke City, Md. Bond Offering.— Proposals will be
103 07
M. A. Stein & Co., New York ..10105
Jno. D. Kveritt 4 Co., N. Y
Thompson,;Tenney & Crawford,
W. R. Todd &Co..New York....l0l 00
received until 12 m., Aug. 9, by E. James Tull, Mayor, for
102-33
New York
Miamisburg, Ohio. Bond Election.— An election will be $11,500 5% improvement bonds. Authority, Chapter 111,
held to-day (Aug. 2) to vote on the question of issuing $70,- Laws of 1902. Denomination, $500. Date, July 1, 1902.
000 water- works bonds. Tdis election was originally called Interest, semi-annual. Maturity, July 1, 1932.
for July 28, but the Council reconsidered its action and
The otlicial notice of this bond offering will be found among
changed the date as above.
Miamisburg (Ohio) School District.— Bond Election.— An the advertisements elsewhere in this Department.
lied Lake Falls (Minn.) Independent School District
election has bean called for Aug. 4 to vote on the issuance of
No. 15. Bond Sale. On July 7 this district sold to Trow$35,000 school-house bonds.
Millers Falls, Mass.— Bond Sale.—On July 26 the $15,000 bridge & Niver Co., Chicago, an issue of $2,500 5$ 10-year
4% 30-year water bonds were awarded to R. L. Day & Co., school bonds at 102-76.
Riverside County (P. 0. Riverside), Cal.—Bond Offering.
Boston, at 113-327— a basis of about 3'30#. Following are
—Proposals will be received until 10 a, m., Sept. 1, by W. W.
the bids
Phelps, County Clerk, for $150,000 4% gold court-house bonds.
113-327 Farson, Leach & Co.. New York.111-018
R. L.Day & Co., Boston
112'06
Parkinson & Burr, Boston
Jose, Parker & Co., Boston
KjO'627
Denomination, $1,000. Date, Sept. 1, 1902. Interest semiMonroe County, Ind. Bond Sale. Tnis county has sold annually in gold at the office of the County Treasurer. Maan issue of $9,760 4%% gravel-road bonds to E. M. Campbell turity, $5,000 yearly on Sept. 1 from 1913 to 1942, inclusive.
Check required for $5,000, payable to the Chairman of the
& Co., Indianapolis.
Mount Vernon, N. Y. Bond Offering.—The Common Coun- Board of Supervisors, which check must be certified to by the
cil will offer at public sale at 8 p. m., August 12, $40,000 4% First National Bank or the Orange Growers' Bank of RiverBids must be made on blank forms furnished by the
tax-relief bonds, maturing Aug. 1, 19U5, Securities are in side.
denomination of $1,000, dated Aug. 1, 1902. Interest will be County Clerk.
Rochester, N. Y. Temporary Loan.— On July 18 the City
payable semi-annually at the office of the City Treasurer.
A certified check for $1,000, payable to the city of Mount Comptroller awarded $330,000 city notes as follows $80,000
:
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August
3,
THE CHRONICLE.
1902.]
Institution, New York City, at
$100,0CO to the Rochester Savings Bank at 4-20*
#100,000 to the Rochester Savings Bank at 4 30«, and $50,000
Jenniscn, New York City, at 4-45$.
to Dnnscomb
icle Jnly 26 were awarded to the Citizens' Bank of Sidney
at 100446 and interest. Following are the bids
$20,240 00 F. L. Fuller & Co., Cleveland.$20,175 00
Citizens' Bank of Sidney
Broadway Savings
to the
4*24*:
:
;
,
1
&
* irst Nat.
Royalton (Minn.) School District.— Bond Sale.— This dishas sold an issne of $7,100 4%% school bonds to O. H.
Bank
of Royalton, at 101429.
Sacramento, Cal.— Bonds Voted and Defeated.— The
feated: 1,404 for to
against.
l,(8rt
Defeated;
July
24,
1902— To vote on the issuance of $150,000 i% water bonds, maturing
$4,000 yearly, beginning Jan. 1, 1904. Authorized, 1,7*9 for to
25,
{04 against.
1902— To vote on the issuance of $850,000 i%
feated; 069 for to 1,083 against.
bonds.
city- hall
Tabor, Iowa.— Bonds Voted.— At an election held July 14
the question of issuing $6,500 5£ 5-20-year (optional) waterworks bonds was submitted to a vote of the people and carried by a large majority. Interest will be payable annually
at the Hanover National Bank, New York City.
Tannton, Mass.— Bond Sale.—On July 28 the $15,000 3J£g
library- site bonds described in the Chronicle July 26 were
Co., New York, at 101-577 and
awarded to N. W. Harris
accrued interest— a basis of about 3*31l£. Following are the
bids
101-577 Adams & Co., Boston.
101-31
N.W. Harris* Co.. N. Y
R. L.Day *Co.. Boston.... ...101-548 Lee, Higginson & Co., Boston. .101-26
Geo. A. Fernald A Co., Bo«ton„101'546 B. H. Rollins & Sons, Boston... 101O7
Bstabrook & Co., Boston
10081
Blodget, Merritt & Co., Boston.. 101-54
De-
Denomination of bonds voted, $1,0C0. Date, Jan, 1, 1803.
two-thirds vote was necessary to
Interest, semi-annnal.
A
authorize.
St. Francisville, La.— Bond Election.— An election will
be held in this town to vote on the question of issuing $10,000
&
water-works and electric-light bonds.
Sandstone, Minn.— Bond Sale.- On July 14 the $12,000 5%
10-15-year (serial) refunding and funding bonds described in
the Chronicle Jnne 28 were awarded to Trowbridge &
Niver Co., Chicago, at lOS^S. Following are the bids
$12,162 00
Trowbridge A NlverCo..Chic.$12,427 00 S. A. Kean. Chicago
12,125 00
B, V. Montague & Co..K. City. 12,875 00 Chas. H. Coffin, Chicago
San Pablo School District, Contra Costa County, Cal.—
Bonds Voted.— On June 21 this district voted to issue $15,000
Blake Bros.
:
Toledo, Ohio.— Bonds Authorized.— The Common Council
has authorized the issuance of $15,105 26 4% 1-5-year Park
Avenue No. 1 paving bonds. Authority, ^Sections 2705, 2706
and 2707. Revised Statutes of Ohio.
Troy, N. Y.— Bond Sale.— On July 28 $9,800 4% registered
school bonds were awarded to Geo. M. Hahn, New York, at
106-63.
Following are the bids
5% 1-15- year (serial) gold bonds.
Sanlt Ste. Marie, Mich.— Bond Sale.— On July 21 the
$2CO,000 4% 30-year bonds ($125,000 water, $40,000 sewer and
$35,000 street) described in the Chronicle July 12 were sold
at private sale to Trowbridge & Niver Co., Chicago., at par
and accrued interest.
Scranton (Pa,) School District.— Bond Sale.— We are advised by Messrs. Newburger Bros. & Henderson of Philadelphia" tb at they were awarded, at the regular meetirgof
theBoaidof Control, the $220,000 §y% % bonds mentioned in
the Chronicle July 26 and July 12.
Shelby County (P. O. Sidney), Ohio— Bond Sale.-On
July 80 the $20,150 4* ditch bonds described in the Chron
«o,ooo
HALE OF
(WIS.)
Sealed proposals will be received by the Village
Clerk until AUGUST 12TH, 3 P. M., Ifc02, for the
purchase of six bonds, $1,000 each, at four per cent
Interest, payable annually, dated September 1st,
1902.
$1,010 payable March lat, 1910, 1911, 1912,
1913. 1914 and 1915.
All proposals must be accompanied by a certified
check for Ave per cent of the ootids bid for.
Said bonds and interest payable at the office of
the Village Treasurer, Kiibouru City, Wis.
Bight reserved to reject any or ali bids.
A. I. BENNETT, Village Clerk.
P0C0M0KE
CITY, MD.
SALE OF TOWN BONDS.
The Mayor and Council of Pocomoke City, Maryland, offer for sale 23 Coupon Bonds of Pocomoke
City, 'ssued by them under Chapter 110 of the Acts
of 1902, of the denomination of $5i0each, dated the
first day of July, 1902, and payable in currency thirty
years after date, with Interest at 6 per cent per annum, payable semi- annually on the first daj of January and first day of July of each year. Bids close
9TH, 1902. AT NOON, and should be accompanied with deposit of certified check for $100
as evidence of good faith.
AUGUST
JAMBS TULL, Mayor,_
Pocomoke
City,
Md.
MUNICIPAL
Service
Corporation
BONDS.
E. H.
BOSTON.
Notice is hereby given that the Board of County
Commissioners of Kergus County, State of Montana, will, on the 5th day of August, 1902, at the
hour of 2 o'clock P.M., at their office In the City of
Lewistown, in said County, receive sealed proposals
for the sale of $50,000 of Fergus County Refunding Bonds, Issued for the purpose of redeeming a
like amount of bonds of said County of the Issue
of 1892,
now outstanding and redeemable.
Bonds are issued pursuant to the Provisions of
Article Two, Part Four. Title Two, of the Political
Code of the State of Montana and the laws amendatory thereof; are of the denomination of $1,000
each, and bear interest at the rate of 4M per cent
per annum.
Proposals should be accompanied by a
$1,000, payable to J. M. Croft,
County Treasurer, and be addressed to C M. Kelly,
&
Co.,
BANKERS,
16
36
check for
Congress Street, Boston.
NASSAU STREET, NEW YORK.
STATE, CITY & RAILROAD BONDS.
received over
$9,700,000 of Certificates, and hereby give notice that
they will continue to receive deposits of Certificates
at the office of Messrs. Brown Brothers & CompanyNo. 69 Wall Street, New York City, up to the 1 6th of
August, 1902, after which date they will be received
only at the discretion of the Committee.
JOHN CUO.-BY BROWN,
Chairman.
K.ENNEOY TOD,
EDWARD M. SCUDDER,
BARTI.ETT 8. JOHNSTON,
VIRGINIUS NEWTON,
J.
R. P.
CHEW,
J
HARRISON,
ROBERT
.
Secretary*
County Clerk, Lewistown, Montana, and marked
'"Proposal for Bonds."
The Board
of County Commissioners reserve the
right to reject any and all bids.
By order of the Board of Commissioners.
Attest: C.
SAMUEL PHILLIPS, Chairman.
M. KELLY, County Clerk.
Perry, Coffin
BANKERS,
CHICAGO,
MUNICIPAL
RAILROAD
CORPORATION
Street
BOSTON.
INVESTMENT BONDS.
SEND FOR
DENISON, PRIOR & CO.
60 Devonshire
St.
BONDS.
w
E. C.
121
CERTIFICATES
B. KING-
&
CO.,
St.,
BANKERS,
Devonshire Street
FIRST
New York.
MORTGAGES
On Improved Farms
Setting the Investor 6 per cent Interest*
Send for booklet and
partlj lithographed and partly printed ; finished in a few
days; handsome design*; must he seen to he
appreciated. Send for sample*.
Engravers and Lithographers,
105 William
(Telephone Connection.)
CO..
BOSTON
the best at the price.
BONDS AND STOCK
ALBERT
STANWOOD &
CHOICE OKLAHOMA
OK APPLICATION.
The cheapest that are good;
8Q8TON.
MUNICIPAL BOND3.
Railway and Gaa Companies.
I.IWT
LIST.
CLEVELAND.
BOSTON.
Burr,
60 State Street,
NOTICE TO BONDHOLDERS.
Notice is hereby given that the County Treasurer
of Fergus County, State of Montana, will, within
thirty days of this date, redeem all outstanding
bonds of said County, of the issue of 1-92. Interest
on said bonds will cease at the expiration ol said
period.
By order of the Board of County Commissioners.
C. M. KELLY. County Clerk
Fergus County, State of Montana.
Dated the 6th day of July, 1902.
&
INVESTMENT BONDS
FERGUS COUNTY, MONT.
Choice Issue*.
San Francisco.
Blodget, Merritt
Certificates:
The undersigned Committee have
Irlonadneck Building,
ROLLINS & SONS
Denver.
NEW
LOANS.
MASON, LEWIS &00.
AND
Public
1918.
NOTICE TO BOND BUYERS.
certified
E.
|
To the Holders of Virginia Deferred
WATER BONDS.
Address,
:
1C6-C3 ITroySavings Bank
106-00
New York
M. A. Stein * Co.. New Tork...l0627 O'Connor & Kahler, New York. 105-79
106*18
101*79
Jacob Elkan, Troy
H. A. Winger, New York
Authority, Chapter 442, Laws of 1892. Date, Aug. 1, 1902.
Interest semi-annually at the office of the City Treasurer,
Maturity, one bond of $6,000 and one bond of $3,800 on Aug. 1,
Geo. M. Hahn.
LOANS.
FERGUS COUNTY, MONT. WEST VIRQINIA DEBT.
LOANS.
KILB0UM CITY
J ose,
Three Rivers, Mich.—Bonds Proposed.— The issuance of
$15,000 bridge and $25,000 paving bonds is being considered
bv the City Council.
|
NEW
Dennett, Crane & Blanchard... 100-67
100-426
Parker A Co.. Boston.
10135
& Co., Boston
& Co., New Vork.101'834
Farson, Leach
!
NEW
|
Treasurer.
1,491 for to »44 against.
July
£0,206 00
103-805— a basis of about 4*743<&.
Suffolk, Ya.— Bond Sale.—This town has sold to local investors $20,000 4% 30-year refunding bonds. Denomination,
Interest semi-annually at office of
$500. Date, July 1, 1902.
elec-
tions recently held in this city resulted as follows :
July 22, 1903— To vote on the Issuance of $150,000 4jt high-school bonds. DeJuly 23, 1802— To vote on the issuance of $450,000 4% sewer bonds.
Bank, Sidney
South Brooklyn, Ohio.— Bond Sale— On July 28 the $35,000 5# 20-year sewer bonds described in the Chronicle July
19 were awarded to The Lamprecht Bros. Co., Cleveland, at
trict
Havill of the
257
latest offering.
WINNE &~WINNE,
Wlnne
Building,
Mention
WICHITA, K.AN8A&
this paper.
—
THE CHRONICLE.
258
Victor, Colo.— Bond Sale.— We are advised by J. F. Kelly,
Fiscal Agent for the city of Victor, that he has sold to Denver parties $96,000 of the $350,000 water bonds which the
city proposes to issue. These bonds carry 5% interest and
are dated Feb. 1. 1901. Interest will be payable semi-annuMaturity,
ally ia gold at Kounlza Bros., New York City.
Feb. 1, 1916, optional after Feb. 1, 1911. Those desiring to
purchase any of these bonds may address the fiscal agent.
See Chronicle last week, page 2G8
Victoria, Tex.— Bonds Voted. —This city on July 15 voted
to issue $7,500 4% 10-40-year (optional) water- works bonds.
Tinita, I. T.— Bond' Election.— An election will be held in
this place to vote on the question of issuing $10,000 school
&
LamprecbtBros. Co . Cieve.. 30.216 00
People's Nat. B'k, Wellsv'le. 30,201 80
,
clusive.
WellSTille, Ohio—Bond Sale.- On July 29 the $30,000 4%
10-39-year (serial) refunding bonds described in the Chron-
Countelman Building, 238 La
Salle St.
CHICAQO.
Broad Exchange Building, 25 Broad
St-
NEW YORK.
MacDonald, McCoy
La Salle
MUNICIPAL
Netting from
3% to
St.,
FULTON & CO.,
la 8alle
street,
CHICAGO.
Rudolph Kleybolte
I
Intl.
FOR SALE, HIGH-GRADE
MUNICIPAL
RAILROAD
CORPORATION
FARSON, LEACH &
-
-
NASSAU
ST..
NEW YORK
Co.,
CITY
BOSTON.
PHILADELPHIA.
$8,000 Albion, Neb., 4b to net 42.
1.500 Kitiulolpti, Neb., 3s to net 4tH%.
6,000 i>l«Jiiroe, I own, 5s to net 4%.
\
3,907 Bloomfield, Neb.. Set to net
TRANSMISSION ROPE.
1
l
.
And other Bonds.
Additional information on application.
Chas.
Kidder &
S.
Street,
Co.,
CHICAGO.
CORDAGE
M
S
J
Aw A U
SPECIALTIES.
A D L DT
1
J. ^rturlxl
M>cn&&zv
Sc ©jo.,
ixmds,
ILLS.
Cbicaoo,
fllltnots.
VICKERS & PHELPS,
KNAPP.JR., &CO.,
Dealer* In Investment Securities,
133 La Salle Street,
31 Nassau Street,
CHICAGO.
MEW YORK CITY.
NEW YORK.
CHICAGO.
LAG
15
•
New York.
INVESTMENT BROKERS,
HIGHEST GRADE RAILROAD
MANUFACTURING
COMPANY,
WALL STREET, NEW YORK
GILT-EDGE YERMONT BONDS.
63
Burlington 4*.
Wall Street
BONDS.
o
H
THE AMERICAN
523 Western Union Building,
and
00.
Public Securities,
&
SPECIAL OFFERING.
LIST OR APPLICATION.
BANKERS
Indianapolis,
Individuals.
172 Washington Street,
CD.
BANKERS,
BONDS.
CORPORATION
-
J.
Ol'est Bond House in Indiana.
Pr ces and circulars upon application.
184 La Sallo
T. B. POTTER,
MUNICIPAL and qnk]nc
BUNU5,
CHICAGO,
INVESTMENTS.
F. WILD & CO.,
SUITABLE FOR
Trust Funds,
CHICAGO.
Municipal Bonds,
171
semi-annually.
Trust Companies,
Send foro-r Investment Circulars.
F. R.
dated April 15, 1902. Interest 8J^<, payable
Maturity, 20 years; optional after 10 years.
Yakima County (Wash.) School District No. 45.— Bond
Sale.—On July 26 an issue of $1,000 10 20-year (optional)
bonds was awarded to A. B. Cline of North Yakima at
100 10 for 5 per cents.
Yakima County (Wash.) School District No. 50.— Bond
Sale.— An issue of $1,200 15-year bonds was awarded on July
26 to A, B. Cline of North Yakima at 100-083 for 5 per cents,
tion of $200,
Savings Banks,
DUKE M. FARSON &CO.
115 Dearborn
—
always on hand.
to%
from the Mil-
BONDS
BONDS
CORPORATION
is
Wjlie Independent School District, Collin County, Tex.
The $8,200 school-house bonds mentioned in the Chronicle July 5 will be issuei in denomina-
—Description of Bonds.
Deal exclusively
Railroad and other bonds adapted
for trust funds and savings.
IBS VI TRA V ILJCBS LITTIRB 03 ORMDIt
AVAILABLE IN ALL PARTS OTTHJt WORLD
Street, Chicago.
and
9828
Boston
$2,000.
BOSTON
In Municipal,
Co.,
4 Co.,
Madison, Wis., July 28.— The city of Madison to day negotiated a special
loan of I35,«0 with the State for school purposes. The rate of interest is 3H%.
The money will he used In improving the different school buildings during the
summer vacation. Other school loans made by the State to-day are as follows:
Joint District No. 5, town of Cnetek and Dover and ciry of Chetek. Barren
County, $2,000; District No. 7, town of Rusk, Burnett County. $5C0; District
No. 5, town of Longwood, Clark County, $1,000; District No. 2. town of Atlanta, Gates County, $300: District No. 1, town of Bovina, Outagamie County,
Quotation* f oral § bed for purchase, sale or exchange
&
BONDS.
171
Parker
:"
B A N KERB.
PINE ST.. NEW YORK.
CHICAQO.
Jose,
School Loans.—The following
Wisconsin.
waukee " Sentinel
INVESTMENTS.
W. HARRIS & CO.,
AND CORPORA T/OM
MUNICIPAL
W. R. Todd & Co.. Clnclnnatl.$5,095 00
Columbus Sav 4 Trust Co.... 6,076 00
First Nat. Bank. Barnes ville.. 5,06100
|
Co..... 99 50
98'52
1
Mexican Government and State Bonds.
|
:
Canada Life Association
Dominion Securities Co
—The
31 and 33
I
1
July 15 the $50,000 4% 49-year school debentures dated Aug. 1,
1902, were awarded to the Canada Life Association Co. at
99 50. The bids follow
City Council has authorized the issuance of $19,000 bonds for
the improvement of Porter Avenue and $37,500 bonds for
the improvement of West Market Street. Proposals for these
bonds, it is stated, will te received until August 25.
Washington (Mo.) School District.— Bonds Registered.—
The State Auditor has registered an issue of $7,500 4% 5 20year (optional) bonds of this district. Denomination, $500.
Watertown, Mass.—Loan Offering.— Proposals will be received until 3 p. M August 11, by Chas. W. Stone, Town
Treasurer, for a Z%% loan of $10,000 for drainage purposes
and a Z%% loan of $10,000 for the redemption of town debt.
Maturity, July 1, 1912. Date, July 1, 1902.
Waterville, Kan.— Bonds Authorized.— The City Council
on July 23 paesed an ordinance authorizing the issuance of
$8,000 4%% city- hall bonds. Authority, election held June 21.
Denomination, $500. Interest, annual. Maturity, $1,000
July 1, 1907, and $500 yearly on July 1 from 1908 to 1921, in-
INVESTMENT SECURITIES,
80,000 00
Winnipeg (Man.) School District.— Debenture Sale.—On
Maturity, ten years; optional one- fifth yearly.
Wapakoneta, Ohio.— Bond Election.— An eleotion will be
held August 25 to vote on the question of issuing $30,000
street- improvement bonds.
N.
& Co.. Cleveland.
:
State Sav. Bank Co., Toledo.. $6,160 00
P. L. Fuller 4 Co., Cleve
6,165 00
P. S. Brig)rs&Co.. Cincln
6,15160
W. J. Hares 4 Sons, Cleve.... 5.0990j
1902.
INVESTMENTS.
Geo. D. Cook Company,
F. L. Fuller
West Middlesex, Pa.— Bonds Voted.— This place recently
voted to issue $16,000 water- works bonds.
Whitehonse, Ohio.— Bond Sale.— On July 80 the $5,000 5%
water-works bonds described in the Chronicle July 12 were
awarded to the State Savings Bank Co. of Toledo at 103*20.
Following are the bids
Walla Walla County ( Wash.) School District No. 63.—
Bond Sale.—This district has sold $618 50 6% bonds to the
First National Bank of Walla Walla at par. Date, July 15,
Offering.
LXXV.
icle July 5 were awarded to Seasongood
Mayer, Cincinnati, at 102-25— a basis of about 3'85S£.
Following are the
bids:
Seasongood & Mayer, Clnoin.$30,675 00 W. a. Todd & Co., Ctncin.... $30,055 00
bonds.
Warren, Ohio.— Bonds Autlwrized—Bond
[Vol.
Mlddlebury I-.
Essex Junction Gold 4s.
HARRY
R.
POWELL
Sc
Woodstock, Vermont.
CO.
@FedFRASER