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1
.
.
pnanrml
mwi
Supplement
Quolation
Street Kailwaij Supplement
(Montwy)
Investors Supplement (Quaneriy)
Entered accordiusr
VOL.
to
Act of Conirress.
In tlio
State and City
year 1903, by William
IJ.
Dava Company,
SATURDAY, AUGUST
77.
Supplement Q>mAiimu\iy)
in the oiHcoof Librarian of Con-jress,
It <r/.
'^Ixe
—
(Chronicle^
Washington,
iJ.
C
NO. 1991,
22, 1903.
VleaTiiiQS at
^cmiAnnuaii)^
1903.
enUinri AUQ>'st 15
1902.
or
l7ic.
1901.
1900.
PUBLISHED WEEKLY.
Terms
Subscripliou— Payable in Advance
ol
For One Year
iflO 00
Tor Sii Mouths
6 00
European i>iib8crii)tion (lucludins i>ostaf;e)
13 00
European Subscription Six Months (including postage)
7 50
Anmiiil Subscription in London (inchuiiiig postage)
£2 I4s.
Six Montlis Subscription in London (incliiding postage)
Hi lis.
Above subscri]>tix)7i includes—
BA>K AND QCOTATION StJPPLEMENT
STREET KAILWAY SUPPLEMENT
iKVESTOKS' SUPPLKMEXr
STATE AND CITY SUPPLEMKKI
125,563,323
Boston
Providence
Uartlord
.New
6,34:1,000
2,87S..:71
Haven_
1,875,580
1,457,3W6
1,361,124
1.491). 130
Worcester
Sprlnufleld
I'orlland
639,939
464,232
532.544
Fall Uiver
Ixiwell
New Bedford
Holyoke
I
Total
New
England.
119,847,600
6.056.600
2,044.219
+4-8
+4-7
117.042,399
5,801.000
4-i:i-i
2,21ll,:i::3
1,400, :f80
+29;;
1.4-J2.444
5-()
l,411.is(i4
1,534.856
1,475 :!4b
1,431,475
—
— 7'5
+4-3
— 19 9
102,449,9.'i5
5.662,100
2,003,095
1,879 910
1.185,292
1.358.783
1,19/-, 928
1.1(>7,410
1,043,373
803.09'.i
362^47
8to,.'):j(s
305.079
528,276
444,183
532,721
320,790
142,976,88k
134,405,941
+4!
132,048.972
110,752,653
156,707,912
21,178,300
15,a50,135
12,980,750
7,6^6.901
6,487,901
3.791 300
3.501,340
2,402,232
2,159.549
1.622.035
935.701
149,708,099
20.474,950
14 838,105
11,797,861
6,9H3,609
4,812,052
4,140,850
3,489,070
2,413 891
1,767,^61
1.482,403
1,135.178
578,700
543,158
446,300
+4-6
141,314 806
10,060,200
13,;«0,995
117,513.093
14,133,100
10,103,603
14.4-28.:;88
9.60;i,b50
5.710.203
5,249.195
2,947,286
2,445,250
511,090
472.000
-9 2
656,153
+12
3,s5.2r
+6'0
|
—
Terms ol Advertising Per Inch
Transient matter per inch space (14 agate lines).
Two Months
(
$4
22
29
60
87
(8 times)
Months
Standing Business Cards )) Three
Six Mouths
Twelve Months
(
Chicago
Space
(13 times)
(26 times)
(52 times)
20
00
00
00
00
LONDON AonATS:
Cincinnati
Cleveland
Detroit
Mdwaukee
...
ludianapolis...,
Columbus.
Toledo
Peoria
Smith, 1 Drapers' Gardens, E. C, wiU take enbacriptions and adrertisements, and supply single copies of the paper at Is.
Grand Kaplda..
Uayton
each.
Akron
Messrs.
Edwabds &
DANA
WIIililA.n B.
COITIP.4.1\V, Piiblisliers,
I'iue Street, Corner ot Feari Street,
Box
Po^l OOiee
New
1903.
22.
York.
1802.
P. Cent.
*1,12S.668.700
Boston
101.22:i.8S9
96.8<;3.452
Philadelphia.
85.460.75
16.435,418
159,138.373
90.191.404
20.261,632
123,536.662
34.839 955
8.664.522
St. Louis....
New
39,8i4.fl67
Orleans
10.19B,907
Seven cities. 5 days
Other cities. 5 days
Total
ail cities,
Total
The
5 days.
..
all cities
for week.
-1-4
5
—5-2
—18-9
-I-28-8
+14-4
+17-7
264.912.411
$1,503.0^6 327
237.491 083
—10-8
+11-6
51.606.535.148
325.417,926
Jl.740.517.410
359.261,128
—9-4
*l,341.b2-:i.737
Iday
All cities,
—17-7
jl.931,953,074
$2,099,778,538
—8-0
Decatur.
Mansfield
Jacksonville
Jacksou
..
,
...
San Francisco
Los Angeles....
Seattle
Salt Lake City..
Portland.
Spokane
Tacoma
Helena
Fargo
Sioux Falls
Total Pacific.
Kansas City
Minneapolis
Omaha
PauL
Joseph.
Denver
Des Moines
the
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, Aug. 15, and the results for the corresponding
week in 1902, 1901 and 1900 are also given. Contrasted with
the week of 1902 the total for the whole country shows a loss
of 8-3 per cent.
18 5-3 per cent.
Outside of iSfew York the increase over 1902
Week ending
1903.
Baltimore
Buffalo
Washington
Albany
.
Rochester
Uttca.
Scranton
Sy racuse
180.930
1.172.658
883,927
1,
Wilmmaton
Binahamton
1902.
1.140,184,584 1,352,552.608
97,196,314
94,:j27,5'i7
41,5^1,676
37,302,270
21.601,427
21,954.478
6,722,212
5,888,729
8,532,963
2,935.755
3,634.58i;
3.035.761
2.163,055
1.981.218
2,706.688
2.'i36,514
l,271,>i66
Wilkes Barre....
Whee.ing
....
GreensbUTK
Chester....
Erie
Franklin, Pa....
Total Middle.
Savannah
Memphis
Atlanta
Nashville
Norfolk.
Fort Worth
Augusta
A.'vupist 15.
190L
Dec.
1900.
102,735,027
-I-11-3
31,370,43.--
18,177.531
6,029,468
2.008.386
2 807,813
1,743,925
15,07o.4:i0
-20-3
-19-7
1,096.413
1.086.229
886.113
644,265
9S«,885
978,490
1,107,076
-
+9 2
+21-2
+22-7
1,12«,9.«
+4-5
1.40^,520 —16-6
1.0ari.29U
73-i.426
389.400
408.828
428.944
551.951 Xot
^25.071 Not
495,511 +773
702.511
+51
800,600 +29-5
433.898
+5-8
239,133 +790
inclufle d In to taL
include d in to tal.
1.330.738.484 1.531. 953.:i44
736.760,297
75.078.&02
22.802.706
+30
-
—131
Chattanooga
Beaumont
-f-15-8 1,028.605.902
—13-4
+14-2
MMCon
49S.760
298 200
346.375
250,760
1.198.586.205
5,041.58 .{
2.079.8^8
2,0i3.0i;5
1.508,920
339,200
270.816
242.151
Jacksonville
Charleston
Total Southern
ToUl
all
Outside
..
New York.
+22
1:
+9-4
—17
6
+ 13 3
+14-0
-Uo-l
+16
4
—10-0
+29-6
-l-3y3
— U'2
+29-4
+02-0
272,57:;
195, 183
+
—
224.183
+30
2,2.06.J96
2,072.133
1,245.157
935.691
845,882
484,300
4:i3,052
257,129
441,755
391,207
209,993
270,769
269,387
147,015
190,000
1-5
+55
210,702.248
172,817,564
80,640,991
5.891,582
4,491,245
2,406,653
3,337.735
2.141,651
1,728,022
402,721
439.304
208.960
26,366.715
4,799,912
4,586.081
3,337,829
2,704,969
1,559,864
1,433,720
491,444
397,074
230,432
25,870.095
21,573.236
2,254.005
51,197,619
45,908,040
+U-5
840,967
182.003
40,534.245
21,547,729
11,579,012
6,925.059
5,594,685
4,140.999
3.826,438
20,324,570
12,696,149
6,493,300
5,463,337
4.339,998
4 588,919
2.074,257
1,504 401
1,073,755
-I-6-0
18.418.241
159,3:39
72,2.54
742,110
547,651
422,127
149.252
816,(345
59,731,896
51,225.126
10,686,937
8,245,699
5,917,191
2,665.000
3,555,398
1,963,778
2,495.742
2,118,66(
2,025,200
60,742.866
1.378, <46
1,294,052
1,373.907
475,045
715.336
152 154
3-t;
+22
8
3,105.01 J8
4-14-0
9
2,802,181
3.117.060
+23-4
2,155,99:i
4-37-3
1,100,000
1,111,168
089,110
—27
+20
B
—181
+10-6
—9-3
—8-»
lu,740,i:i0
+6-7
+2-3
6,015,073
4,331,641
—4-0
—16
4,68'J,516
6
4,538,511
1,557,617
—3-6
—338
1,036,65-
+17
—9-1
+15-2
—41-0
—1-9
—1-7
45,080,6,
1,188,807
984.204
408,t
2.3.58,425
2,165,130
1,860,542
932,774
1,125,000
540.164
220,305
133.607
83,195,188
17.081.490
10,025 084
6,172,075
4,208,013
3,533,328
4,078,009
1,091.828
981,058
843,445
873,944
367,025
771,357
148,9
122.851
54,889,165
49,332.950
39,707,215
499,786
437,000
466.930
32,087,583
6,329,975
6.949,376
2,700.000
2,187.000
3,000.000
2,968,743
1.651,340
1,322,179
1,011,615
1,105,380
779,580
674,958
525.211
580,128
404,360
447,000
387.569
316.098
185,786
9,978,863
7,901,809
5,600,000
3,233,000
7,470,70:
7,487,009
3,809,862
3,1 12,000
3,115,218
3.825.1ri8
2,27.s.860
2,-239,014
l,9il,:J8-s
1,827.946
1,995,090
1,800,475
],37«,13;
1.133.903
1,323,096
765.409
602,584
1,4S4,:j14
843,919
748,244
603,062
725,190
433,000
470,000
300,000
327.891
925,0.-!'8
lal.
05,297.771
1.71.5.9^8.22! 1.301.023.544
78.507,370
1,924.534.022 2,097.769.941
777,^9,438
740,217.331
+5-3
087,322,309
504,863,^7
21,851,027
18,734,700
17.612.960
+16-6
-18-3
15,041,597
10.873,651
1,714,563
1.600.000
13,863,863
9,171,854
Caxada—
Montreal
Toronto
....
Winnipeg....
Halifax
Ottawa.
14,::i82,675
4,010,969
1.868.781
2.073.617
2.226.22:i
L890.740
1.742.072
1,248,527
+35-
—1-5
1345,800
1,634,349
+190
-t-110
1.476.'683
+41-1
1,905,536
759.184
Vucbec
1, 385,021:
Vancouver..
1,322,470
3,074.007
1,185,601
792.883
837.184
9:«S.292
899,03:3
3.52,.540
+ 1375
514.582
636.»46
50,791.110
47.138,115
+7-8
35,676,183
29,167,681
Hamilton
St.
John.
London
Victoria
864.227.418
2,943.700
2,772.92
2,261,519
1,340.625
1,180,178
840.125
551,500
522.340
489.908
427.4
420.704
324.803
307,879
307.489
240,970
200.450
—O'O
706,975
601,000
800,000
680.000
396,000
728.366 Not incluoe
99,133,741
90,450.002
Little Rock.
Inc. or
—80
+03
+16-2
1.340,978
1,008,914
957,822
558,071
Knoxville
S'o
Philadelphia....
Pittsburgh.
Galveston
Richmond.
Birmingham
Clearingi air-
New York
Houston
3.009, 0.S2
228,249,748
240,755,400
1,260,521
Louisville
387,189
208,042
224.393
1
+9-2
+34-0
65,000
125,711
130,000
996,186
Topeka
Davenport
413.3.06
318,:;50
+10
84,000
203,798
140,177
70.075
2.000,12''
Sioux City
560 30K
486,479
+3-4
+7-9
+16-
84,33:
Total Mid. Western
week covered by the above will be Wichita
^ven next Saturday. We cannot furnish them to-day, clear- Colorado
Springs..
mgs being made up by the clearing houses at noon on Satur- Fremont
Total other West'rn
day, and hence in the above the last day of the week has to
St. Louis
be in all cases estimated, as we go to press Friday night.
New Orleans
full details for
18
,
Ann Arbor
St.
St.
1
443,50
385,435
334,608
363,793
276,723
188,104
230,9
171,920
O...
Bloomington
(jumcy
$929,323,483
Baltimore
Chicaeo
536.
8pringUeld.
2ele<jraph.
Week Endiiuj ^UQji^t
625.470
652,892
435,755
Canton
Kockford
telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, August 22, have
been Sl,i)31,'J53,074, against $1,924,0:34,022 last week and
$2,1)99,7(6,538 the corresponding week last year.
CUarings—netuiixs uy
.
Lexinsrton
made up by
table,
619534
YounKStown...
Kalamazoo
CLEARING HOUSE RETURNS.
The following
655 000
Spriugfleld. HI
NEW VORK.
9.>!S.
Evansvllle
+34
Total Canada
786,498
700,000
-f-19-5
-1-50 7
+ 13-3
890,387
973,641
656,546
834,682
*
THE CHRONICLE.
370
[Vol.
LXXVil.
week or two assamud a more aatisfaCuory auape
THB FINANCIAL SIIUATION.
— the
strike at the paper mills la Massachusetts haviog beou
After last week's sharp rise the conrsa of yalaes on defiaitely terminated this week and the strike at the
the Stock Exchange this week has been somewhat textile mills in Philadelphia also having nearly fizzled
Irregular.
On Monday and Tuesday the upward out, besides which the tie-up in the buildings
moyement continued
and
—
expected to end soon but it will take a long
of some Slocks were whirled up with sach rapidity as time to get over the period of unrest in labor clrclos
to suggest manlpnlatioQ by "bull" operators much which the victory attained by the anthracite miners
like the previous manipulation by "bear" operators. in their strike of last year has brought about.
Tho
Nothing could be unwlser at this time than such a outcome of that struggle has encouraged agitation in
actively In progress,
prices
proceedirg, for while the level of values is much below that prevailing six and twelve months ago, the
situation
warrant
does not
any speculation.
An
trades
is
labor circles everywhere, just as
predicted at the time would be the case.
It
should be remembered, furthermore, that inside
months we shall be In the throes of another
appreciation ia market values as the result of Invest-
of twelve
but an advance
based on nothing more substantial than pool operations would be only a further element of weakness.
However, the upward movement culminated on
Presidential
ment buying
is
a
desirable thing,
Taesday; on Wednesday the market displayed sudden
weakness, prices sliding down with marvelous celerity several points, though there was an absence of the
panicky feeling that attended the declines previous to
The course of Rock Island Company comlast Tieek.
mon stock will serve for purpose of Illustration. From
35 on Monday (on August 6 the stock sold as low as
19^) the price jumped up to 33^ on Tuesday, only to
fall back on Wednesday to 26^, with 25| the low point
the next day Thursday and 27^ the close yesterday.
Amalgamated Copper was sent up from 46^ on Monday (this stock sold at 36f July 24) to 6?f Tuesday,
but Wednesday saw It down again to 46^, and on
Thursday it touched 44^; the close yesterday was 47^.
—
—
tone became stronger again Thursday afternoon,
but yesterday the trend of the general market after the
opening was downwards, the volume of business hav-
The
The feeling remains
prior
to
last week,°and yet
was
much
it seems easy to bring about a decline under comparaing been very greatly reduced.
better than
it
tively little pressure.
The
feature, as heretofore, is
the absence of bujing on a large scale,
cover outstanding short contracts.
lots for investment account there
except to
cal
check
in
on
the question
These quadrennial politiact
more or less as a
but
this
time
there is
election.
always
conteits
business,
how
far the anti-trust agitation is to be
Unfortunately there appears little prospect
that either one of the two great political parties will
take a sane stand on the subject. The trust legislation of the present year is already an active factor
carried.
in the situation.
How
this
is
to operate
on business
and how much farther the movement is to be
campaign of next year
begins, no one can tell.
Then there is the litigation against the Northern Securities Company.
The United States Circuit Court of Appeals
has decided against the legality of that combination, so everybody is now waiting to see what the
judgment of the Supreme Coart of the United Sbates,
to which the case has been appealed, is to be. Finally,
there is the " corner " in cotton, and the fact that
both the cotton crop and the corn crop are anasually
late, and would be seriously damaged in the event of
a premature frost. All these things suggest caution,
and it is easy to see that they are considerations that
would influence the larger moneyed and investment
interests In mapping out plans for the f ature where
they might be wholly ignored by small investors and
affairs,
carried before the Presidential
Baying of small people
is
competent observers
of limited means.
plenty, but
market where
Speaking with reference to the subject of trusts
operators for a decline are aggressive. Large capitalists and combinations, President Stuyvesant Fish, of the
and moneyed people appear still to be holding aloof.
Illinois Central Bailroad Company, made some offIn this absence of buying on an extensive scale, the hand remarks to a newspaper reporter this week
present period of depression in security values differs which deserve wide circulation. Mr. Fish has no fear
sharply from previous similar periods. On former of ill results from such nndertakiogs. On the conHe
occasions there was always some point in the down trary he thinks they will prove highly banefiolal.
movement at which large baying orders could be has no hesitation in saying either in his emphatic
counted upon with absolute confidence. Now a feel- and characteristic way that the movement will con>
ing of distrust operates to deter heavy purchases, even tinne, that railway and industrial mergers will be carThe reasons for this distrust are ried even farther in the future than they have been
after severe breaks.
not clearly defined, but that it exists there can be no in the past. The 800 railroad companies in the Unidoubt. Ic is observed too not merely on the Stock ted States, he expects, will sooner or later be merged
Exchange, but in other financial departments, as is into 20 or 30 corporations. It is the inexorable logic
evident from the fact that during the last three of events and the tendency of the times, he says.
months some 160 issues of bonds offered for sale by "Consolidations and mergers will continue right
various municipalities throughout the country have along; but tha railroads will never be controlled by
Neither will the Government take control
failed to find takers, soma of them, too, being very one man.
These consolidations are aimed to secure
desirable issues.
of them.
Looking for some general cause or causes to explain greater economy and should bring about lower rates."
He gives some illustrations, too, to show hovy econthis state of things, a number of disturbing influfirst
The IlliIn
the
place,
are effected through consolidation.
the
labor
come
to
view.
sitomies
ences
uation cannot be regarded as altogether assured with nois Central llailroad, as it exists to-day, is made up
wages so much higher than in the past and labor of some fifty small lines. He points out that when
unions imposing all sorts of arbitrary restrictions, the company took over the Yuzoo & Mississippi Valwhich add to the cost of turning out goods. Some of ley Ballroad it saved in clerk hire alone the nrst year
the more recent Ubor troubles have within the last about $30,000, which is equivalent to the interest on
this is not
sufficient
to
sustain the
—
—
—
AUHUST
THE CHHONKJLR
32, 1903.]
$l,OUO,tOU ai 3 per cent. He polnta ouc, furthermore,
that the two States In the Union that haye prospered
New York and Pennsylvania, and
the most are
In
each
Of tne
tv>tal
371
stock of 154,350 bales, 148,u32 bales are in
and 6,318 bales in other wareOf the 148,032 bales in licensed warehouses
licensed warehouses
houses.
145,046 bales is "certificated"— that is, tenderable
Is practically only one big railroad corporation.
" Tbls shows that a well-managed merger Is beueficlal on contract, and the whole of this is supposed to
be owned by those manipulating the "corner." If
to all parties— the public and the promoters."
Similarly there Is nothing to be feared from indus- we add on the 17,654 bales held at New Orleans, it
If they are well manwill be seen that the manipulators must be carrying
trial trusts or combinations.
money
for
themselves in the neighborhood of 165,000 bales of cotton in the
aged they will not only earn
lie well says, if the two markets, which at $60 a bale would represent,
but give the public lower prices.
there
beef trnst
good
any
or
the steel trust raises prices
reason,
they
will
defeat
without
their
own
formation of new comby
ends
Hd Instances the Standard Oil Company as
panies.
type of Industrial concern that has proved
a
Instead of
sending np
all
around.
beneficial
the price of oil the Standard Oil has continually
cheapened it. At the same time Its profits have increased becanae of the greater use made of by-pro*'Tne tendency of the times Is to economize
ducts.
and utiUze everything possible. The Armours, for
Instaoce, utilize everything bat the equeak in the
hog." We think this is the correct view to take and
that political affairs In this country will have to be
conducted so as to be brought in harmony with it.
inviting
the
roughly, 10 million dollars.
But
clique has had
markets
European
the
so as
it is
common
belief
extend its operations
to hold up prices
to
the imports of American cotthere; otherwise
ton must have been even heavier
than they
have proven to be thus far. Liverpool stocks of
American cotton this week as reported to us by cable
are 198,000 bales and Oontinental stocks are 163,000,
making 361,000 bales together. This is smaller than
the stocks at the corresponding date last year, which
were 572,000 bales. But as affecting the question
of supply on the other side, it must be remembered that Mr. Ellison made the European mill
stocks July 31 this year very much larger than a
year ago, namely 1,014,000 bales, as against 793,000
that
the
to
bales.
any American cotton In Europe is under the conconducting the "corner" here, it adds
the return movement
jast that much to the load which the manipulators,
Europe. These imports of
on a large scale. Up to the first of July the importa and through them the banks, are carrying. The old
tions were comparatively small, only 1,236 bales being question arises, what will happen when the " corner''
received at this point in April, 1,397 bales in May la brought to a close and the manlpuUtors seek to
and but 50 bales in June. In July, however, 7,390 dispose of their load of cotton ? Persons not well inbales came in here, and during Angnst up to the formed might argue that the cotton had already been
present time no less than 17,716 bales have arrived, sold for September and October delivery on option
the receipts this week particularly having been heavy. contracte; but such sales would mean a very heavy loss.
This cotton has been brought in, not on buy- Even now the October option rules but little above 10
con- cents (10 05 cents last night), and the September oping
to tender on
for consumption, but
1 tion commands no more than 10*88 cents. To buy cotthat
from
July
tracts.
It will thus be seen
to date Mr. W. P. Brown, who is manipulating the ton at 12 to 13 cents a pound, as the clique is doing
" corner," and his associates have had to take over now, and to sell it at 10 cents a pound, would involve
25,000 additional bales of cotton. This cotton must a loss o{ 2 or 3 cents a pound, equal to $10
have been tendered either on July contracts or on or $16 a bale. Of course this does not apply to
August contracts. The range of prices in this market cotton purchased a long time ago at much lower
for the July option during July was 11*15 cents to prices, on which there might be no loss.
Every oce
since
admits that the "corner" has been akilfnry man13 75 cents; the range for the August option
July Ist has been 11 cents to 12 95 cents. In both age d thus far. It is also taken for granted that by
One
of the effects of the cotton "cornet"
of
Is
seen in
American cotton from
American cotton are now
cases the low figure in the range prevailed for only a
If
trol of those
reason of the fact that the
than 12 cents.
The average probably was not less ner" will be
But at 12 cents a pound the price of the question
a bale of cotton
is,
very short time.
roughly, t60, and this applied to
the 26,106 bales imported since the
first of
July would
represent a total cost of approximately 11,500,000.
With the approach of the time for the receipts of
Mr. Brown do not seem
to be diminlehing.
He is suppcsed to contiol practi
cally all cotton of good delivery held in both New
York and New Orleans. In the New Orleans market
he appears to have been successful in reducing his
load during the last two months, for the stock at
new cotton the
that
point
is
difficulties of
now only 17,654
bales,
as
against
73,785 bales on July 10.
On the other hand, the
stock at New York remains nearly as large as
at the earlier date.
Mr. Brown is understood to have
shipped 8,000 bales South this week for consumption,
but even after taking out that amount the stock at
to
do with
of the
its
new crop
is late,
the "cor-
carried to a successful conclueion.
still
remainp.
What
is
load of cotton, and
same except
But
the clique going
how can
it
dispose
at a sacrifice.
There was no change in official rates of discount by
any of the European banks this week and open market, or unofficial, rates were firm at all the chief
centre?; the Back of Bombay reduced its rate of discount from 4 per cent to 3 per cent. The political
tension growing out of the Macedonian situation does
not seem to be rtiiected, as yet, in the European
security markets, except so far as regards bonds of
the countries in which the disturbance is greatest; the
discount markets are not affected thereby.
One
feature of the statement of the
associated banks last
week was the very
New York
slight
change
in the surplus reserve.
This was decreased ooly
comnight was 154,350 bales, which
123,500, the loss of cash being $2,257,800, while the
pares with 162,949 bales on July 10.
A year ago the reduction in reserve requirements, resulting from the
Btock of cotton in this market was only 77,325 bales. decrease of 18,937,200 in deposits, was 12,234,300;
this point last
..
THE CHRONICLE.
372
the difference between the t*o sums was $33,600, as
above.
The surpluB reserve, computed upon the
basis of deposits Including those of the
United States,
was 121,563,575; calculated upon deposits less those of
•37,235,600 of public funds, the surplus was $30,873,450.
The
loans decreased $4,351,600;
this
is
the
important reduction
since
July 18.
The
statement
of
this
week should refioct
the receipt, through transfer from San Francisco, of
$3,380,000, part of which represented the proceeds of
Australian gold which arrived on Monday at that port.
There were transfers through the Sub-Treasury to
New Orleans of $175,000 during the week, which
should also be reflected in the bank statement. The
agents of the Bank of British North America have
advices of the deposit for their account at Seattle,
Wash., of $360,000 gold from the Klondike, and the
Canadian Bank of Commerce is advised of the deposit
at that point of $237,000 gold bullion from that region;
these amounts will probably be made available here
early next week through Assay Office checks, which
were forwarded by mall.
first
bank
Money on
call,
representing
bankers'
balances,
The
[Vol.
LXXVII.
foreign exchange
market has been generally
strong this week, especially for sterling, influenced by
a scarcity of bills and by a good demand for remittance for stocks sold for European account. These
sales appear to be realizations upon securities which
were bought during the recent market depression for
temporary holding and the purchases then made were
directly through bankers instead of on arbitrage. The
bills drawn against these securities were in considerable
volume, and they contributed largely to the decline in
foreign exchange at that time. The selling now is chiefly
through the bankers who were previously employed
to buy, and they are promptly remitting the proceeds
of these sales; hence the strong tone for exchange.
The supply of bankers' bills is somewhat affected by
the firm discounts abroad, which restrict drawing.
Commercial drafts are scarce, there being very few
spot bills against grain, and bankers do not look for
cotton drafts In any considerable amounts until
toward the end of next month, because of the late
season and the high price for the staple.
The Assay
Office paid $646,607 36 for domestic bullion.
Gold
received at the Custom House during the week,
$15,371.
loaned at the Stock Exchange during the week at 3
Nominal quotations for sterling exchange are 4 84
per cent and at 1^ per cent, averaging about 2 per
Actual rates
for sixty day and 4 86^ for sight.
On Monday loans were at 3 per cent and at If
cent.
opened on Monday quite strong in response to a someper cent, with the bulk of the business at 2^ per cent.
what urgent demand, and, compared with the close on
On Tuesday transactions were at 2^ per cent and at
Friday of last week, there was an advance of 40 points
3 per cent, with the majority at 2 per cent. On
for long, to 4 83@4 8316, of 46 points for short, to 4 8576
Wednesday and Thursday loans were at 2 per cent
@i 8585, and of 40 points for cables, to 4 8605^4 8616.
and at 1^ per cent, with the bulk of the business at
The tone continued strong on Tuesday, when there
2 per cent. On Friday transactions were at 2 per
was a rise of 26 points for long, to 4 8325@4 8360, of
cent and at 1^ per cent, with the majority at If per
10 points for short, to 4 8680@4 8596, and of 10
Banks and trust companies loan at 2 per cent
cent.
The market was
points for cables, to 4 8616@4 8625.
Time contracts were in good deas the minimum.
Long
dull, though generally firm, on Wednesday.
mand early In the week, but the inquiry was lighter
short
was 6
fell off 10 points, to 4 8325@4 8340, and
after Wednesday; the offerings were liberal for the
points lower, at 4 8580(^4 8590; cables were unlonger dates. Quotations for loans on good mixed
changed. Ofi Thursday short rose 6 points, to 4 8686
Stock Exchange collateral are 4f(^5 per cent for
<^4 8696, and cables 10 points, to 4 8626@4 8636;
ninety days, 6®5^ per cent for four, 6i@5f per
long was unaltered. The market was steady on Fricent for five and 6 per cent for six months; on
day at unchanged rates.
first-class railroad security loans are obtainable at 6^
The following shows dally posted rates for sterling
per cent for six months. Very little local business is
exchange by some of the leading drawers.
reported in commercial paper, though some city inMercantile bor
MON.. Tims., WKD., THUB.,
stitutions are buying choice names.
Aug.
rowers appear to find It to their advantage to resort to
their banks for discounts Instead of offering their
paper in the market, for thereby they save the oom>
mission which brokers
notes.
The market
demand
rates
ninety-day endorsed
bills
are
for negotiating the
6 per cent for sixty to
receivable,
6@6^
per cent
and 6^@7 per cent for good four to six
single
months'
names.
Some of the banks report inquiries from many of their Western correspondents
for prime
Brown Bro.
14.
Aug
17.
88«
486
Msffonn ft Co. ( Slccht
484
i 60 days
Bank Brttlih
4 8e>^
Sight
No. Amenoa.
5
00 days
.
.
.
.
4
19.
Aug.
20.
Aug. 21.
83>«
83^
8e«
83^
8e«
84
84
S4
83^4
8«Ji
84
86K
sen
8««
sax
84
84
84
84
84
86X
86K
sen
S6«
86M
84
{f.^^y' 480
BarlnK.
Aug. 18. Aug.
84
B6M
84
60 days
i Sight..
< 60 days
( Bight
Heldelbaoh. lok- < flo days
4 84
84
84
84
84
4e6x
86X
86^
86«
sen
484
84
84
84
84
86H
8e«
8e«
66H
86M
84
84
84
84
84
elhelmer4 Co. ( Sight..
L..ardFrere...|gO/W«
4 80
86«
4
8«
84
84
84
84
Sank of
Montreal
Oanadian Bank
of Commeroe.
tf erohanta'
Bk.
Canada
of
5
.
.
60 days
(Sight..
4
83^
83>i
4 00
(
sea
84
8««
86»
66«
e«i4
8a«
mi
84
84
84
8*
84
8e«
e6«
8««
86^
86^
4 88
indicating early applications for re-discounts.
The Bank
England minimum rate of discount
remains unchanged at 3 per cent. The cable reports
discounts of ilxty to ninety day bank bills in London
2^@3 per cent. The open market rate at Paris is
2i@2| per cent and at Berlin and Frankfort it is 3^
per cent. According to our special cable from London the Bank of England gained £466,283 bullion
during the week and held £36,737,797 at the close of
the week. Our correspondent further advises us that
the gain was due to imports of £177,000 from India,
to exports of £70,000 to Bucharest, £50,000 to Buenos
Ayres and £35,000 to other countries, and to receipts
of £443,000 net from the interior of Great Britain.
of
The market closed at 4 8326@4 8340 for long,
4 8586@4 8596 for short and 4 8625(^4 8636 for cables.
Commercial on banks 4 82|@4 83 and documents
for payment 4 82i@4 83^. Cotton for payment 4 82^
(34 83f cotton for acceptance 4 82f @4 83, and grain
,
for
payment 4 83i@4
83|.
gives the week's movement of money
the interior by the New York banks.
The following
to
and from
Wuk
ending August
21, 1903.
Currency
Gold^. ...
Total gold and legal tenders.
ReeHved by Shipped by
N. Y. Banks. N.r.Banhi.
$6,oaH.ooo
(3.247.000
1,146,000
696,000
$6,814,000
93,842,000
Net Interior
iiove'mtnt.
Gain. 11321.000
661,000
Gain.
Gain.
3,872,000
THE OHKONIOLE.
1903.]
With the Sub-Treasury operations the
result
Is
as
follows.
ending Awruit
Tr««Jlt
Banks
Interior
movement,
(told
and
|«,814,000
«8,53e,000
»29.753.000
t26,812,C00
as abore
legal tenders.
In the principal
Chant* in
Gain. $a.873.000
Gain.
63i).000
Gain.
amount
2,011,000
of bullion
European banks.
Auoutt
Bank
83,000,000
following table indicates the
The
Iftt
Bank UoUHngt.
Bank*.
«S,S48,000
8ub-Treaanrr operations
Total
Out Of
Into
Banks.
21, 1803.
August
20, 1008.
373
trade Mr. Eckels says that
all
the reports agree that
conditions are sound and satisfactory, and the feeling
seems to be that this situation Is likely to continue.
In a few cases tendencies toward declines in prosperity are noted, but usually the admission is made that
the causes are local, or that they are due to labor disturbances or to the recent condition of the stock
market. In no case, Mr. Eckels asserts, is any serious decline in the volume of business reported. In
brief, bankers appear to view the situation with en-
21, 1002.
tire confidence.
of
Gold.
Stiver.
Jotal.
£
£
£
85,737.707
BoRland
I02.a»9,7»2
Frano*
0«nnan7....* 35,161,000
Gk>Id.
Silver.
Total.
£
£
37,463,028
35.787,707 37,463,082
44,060,676 147,2«9,2»S 106,016,191 44,805,878 149,912.000
12,851,000 47,602,000 37.184,000 13,731,000 60,855.000
Beference seems not out of place to a further statement which we find in this report, to the effect that
farming communities bankers have been discouraging farm land and real estate speculation. In some
81,247,000 c,77e,('ro 00,023,000 73,638,000 8,860,000 82,4 08,000
Busflta
Aiis.-HunK'7t 46,39S,000 12,819 000 58,216,000 44,976,000 18,557,000 67,633,000
instances, we are told, patrons seeking such accommo14,616,000 20,006.000 34,718,000 14.210,000 10,476.000 83,694.000
Spain
18,24H,100
19.190.000 2,898.800 21.404,800 16,162.000 2,096,100
Italy
dation have been informed that banks will not make
4,800.300 6,609,100 11,450,700
8,042,600 6,lM,tiOO 10,397,500
Netherlands
advances to meet land payments nor permit large
4.594,000
1,44H,3.S3
4,345,000
3,082,667 1631,338
2,8>^ 8,667
N»t.BelK'm.*
amounts of funds to become tied up in real estate for
Tot.tbls week 340.484,78H 1U0211£600 449,007,395 330,489,180 109756711 446,264,^91
109708640
338,253,760
444,962.4CZ
109354101
440,550,048
S40.a03,«>47
w'k
Tot.preT.
speculative purposes. It is thought that as a conse" The dlrUlon (between gold and silver) given In onr table of ooIb
quence speculation in farm lands as compared with a
and bullion In tbe BanK of Oermany and the Bank of Belglam Is made
This is Important as
from the best estimate we are able to obtain In neither oaee It It year ago has been curtailed.
elalK«d to be aooorate, as those banks make no distinction In their indicating that any danger from that source has been
weekly retoms, merely reporting the total gold and sUver, bat we
rendered remote.
believe the division we make Is a olose approxlmatiOB.
t The Aaitro-HaoKarlan Baak Statement Is now Issned In Kronen and HeMessrs. Flsk & Bobinson's report on trade prospects
o«r Instead of Golden and Krentier. The redaction of the former onrrenor to
is of the same tenor. Like Mr. Eckels's, the firm states
sterling £ was by oonsldertng tke Golden to have the valoe of 60 oents. As
the Krone has really no greater valoe than 20 oenta, oor cable correspondent In
that most of its replies are decidedly favorable.
LoQdon. In order to redoce Kronen to £, has altered the basis of oocverslon by
in
.
;
dlvldlns the
Kronen br 84 Instead of 80
The
amoont
of
TffB
BUSINESS INDICATIONS.
president of a national bank in Louisville unhesi-
tatingly declares that he does not fear any setback in
business in that section the
coming winter, and he
Considering how deeply disturbed affairs have been
in Wall Street for many months, it is not surprising
that Information should be eagerly sought bearing on
adds: "I want to say with a clear note that I never saw
the probabilities of the early future with reference to
the state of mercantile trade. Is the depression on
road in the South is
siders the lumber business especially as being in a
"The mills are well supplied
very strong position.
the Stock Exchange to be repeated in the industrial
world, as has happened so many times in the past, or
business, outside of stocks
condition in
many
years."
and
securities. In better
The
president of a
rail-
quoted as saying that he con-
with orders and running to their full capacity. June
usually the dull month with manufacturers, but in
are the disturbing and unsettled conditions which
have been a feature of the security markets to be June of this year our mills made the largest producwithout much or any influence in trade and indus- tion and shipment of any month In their history and
is
at full-list prices."
trial circles?
It is
obvious that definite conclusions
of this kind, inyolving so
on a matter
many and such
diverse in-
Particularly important, however.
of the cashier of a
bank
Is
at Pittsburgh.
the statement
We
call
this
and circumstances, are altogether out of the
Still the views of persons competent to
question.
judge are very useful at such a juncture. These views,
moreover, will play an important part in moulding
sentiment, which in itself is an element of no little
statement especially important because Pittsburgh is
the centre of the country's coal, iron and steel interests, upon the course of which the future of general
trade will altogether depend.
Everybody is familiar
with the circumstance that prices of iron and steel
finally,
such
moment in governing business affairs ;
have recently fallen away sharply, and|that that factor
views, where they command respect, serve to guide has Introduced an element of doubt in the situation.
those contemplating new enterprises, which is another The cashier referred to says: "Judging from the
element determining the volume and course of busi- general business conditions existing in Pittsburgh,
ness in the early future. In this sense a genuine there is no reason for the pessimistic view which
fluences
rendered by institutions and firms which
send out inquiries In quest of the information so
much desired. The subject is brought to mind by
the appearance this week of two quite comprehensive
reports bearing on the business situation, one coming
from the Oommercial National Bank of Chicago, of
which Mr. James H. Eckels, ex Comptroller of the
Currency, is President, and the other from the banking house of Fisk & Eoblnson.
It is gratifying to find that both these reports reach
favorable conclusions as to the business outlook. Mr.
Eckela's inquiries were directed to correspondent
banks of the Cominercial National, and he received
service
is
seems to obtain in New York at present. Business
here is good, with a resulting strong demand for
money. There has been an easing up in the steel
business; there always
is
to a certain extent at this
time of the year, to take stock,
erally clean up.
railroads
The
at
The
mills
and genare sold up and the
repairs
are not canceling their orders for supplies.
coal business
good
rail
make
prices,
is
excellent, with a strong
and tonnage greatly
demand
in excess of last
year."
perhaps well to say with reference to the Iron
and steel trades that some new apprehensions occasioned this week by the announcement that the price
altogether 1,063 detailed replies relating to the crops of No. 2 foundry iron had been reduced by the Southand to the general industrial situation. The crops we ern furnace companies from $13 50 to $12 at Birmingshall not deal with here.
As to the state of general ham are put to rest by an explanation which we find
It is
THB OHRONICLK.
374
in the "Iron
day.
Age"
Oar contemparary
dactions in the
men
of this city In
Ita
iBSue of
Thura
says that, as in preylons re-
official price,
the assoolated furnace-
haye again merely recognized the settling of the
market on the part of the independent producers.
The "Age" states that for some weeks quotations on
Southern foundry iron have been based on a $12 rate;
hence the action taken
is
to be regarded as significant
subject, but
later
— that
LVOL. LXXVIl.
we now have the
is
for the fiscal
— acd they are
of
months
year ended June 30 1903
larger
still
figures for six
Whether
magnitude.
we consider thesa extraordinary immigrant arrivals
desirable or not, whether the composition and racial
characteristics are such as we would like, the fact remains that they are adding to the population and to
the body of consumers and producers in a most note-
only in showing; that the associated producers recog
nlz9 that iron cannot be marketed above 112 at Bir-
worthy way.
mingham.
twelve months ended June 30 1903 the number of
immigrant arrivals reached no less than 867,046.
This, as already stated, exceeds the arrivals of any
previous active period in the countrjf's history, even
snrpasslng that phenomenal year 1881 82, which had
The impreviously held the record in this respect.
Furthermore, the
ume
of business
late
and
it
"Age"
points out that the vol-
has certainly Increased heavily of
reports the Chicago market as particu
the International Hirvester Company
having purchased 100,000 tons the past two weeks
and being still in the market. Officials of the United
States Steel Corporation are also quoted as taking a
hopeful view of the situation. They are reported as
stating that the subsidiary companies now have as
large a tonnage on their books as at the corresponding time last year. The condition of the tube, tin
plate and wire trades is considered especially good.
The National Tube Company, it is represented, was
never so crowded with work as at present. With reference to the closing of some departments at the
Homestead works of the Carnegie Steel Company, it
larly active,
The
statistics
now furnished show
that for the
migrant movement for the previous fiscil year ( 1901-02)
had been deemed large and really ranked among
the largest ever reached, but the 1902 03 figures ex
ceeded it by 208,303. In the two years ending June
30 1903 the arrivals therefore have been over a
—
and a half 1,606,789. It is scarcely neoessary to dilate upon what such an addition to population signifies.
It means a million and a half people
more needing food, a million and a half requiring
clothes, and it means Increases in various other directions
in the use of street cars and other transportaIt means of course also a
is asserted that this is due to the pressing necessity
tion facilities, etc., etc.
for repairs, as those departments have been operated large addition to the body of laborers.
While the
to their utmost for more than two years.
The stimulus to this large inflax of settlers from
time
been
less
active, no abroad has been of course the wonderful prosperity
sheet trade has for some
more sheet mills are now idle than usual at this sea- which the country has been experiencing the last few
son in ordinary years. The structural trade is lighter years. Whatever may be the sltuatloa in the future,
than during the spring months, a fact, however, up to quite recently it was possible for practically
which is ascribed to the strikes in the bnildlug trades. every able bodied man who desired work jand applied
It is possible of
course that the future
may
develop
unfavorable conditions, and it is always to be remem
bered that both our corn crop and our cotton crop
are unusually late and have not yet been gathered.
million
—
for it to obtain
it.
On
the obherj hand,
in
many
of
the Earopean countries the conditions have been exMore or leas depression in
actly the reverse of this.
trade has prevailed in nearly
all
the Continental coun-
must be borne in mind that while tries of Europe. Such coincident conditions have on
many of the labor troubles which have been such a several previous occasions led to a large' infiax from
serious feature in industrial ailfiiirs in recent months the outside world, and history on this occasion is
are assuming a more satisfactory shape, and some have therefore only repeating past experience, though, as
Furthermore,
it
actually been terminated, they have not
all
been
set-
already pointed out, the
movement now
is
larger than
room for caution, therefore. It it ever was before. Contrariwise, trade depression is
always quickly followed by a falling off in the moveia also too plain for argument that the situation Is not
such as to encourage speculative ventures in the in- ment. Thus in the six years from June 30 1893 to
dustrlarworld any morethan in the security markets. Jane 30 1899 the arrivals did not average much above
But at all events the one supreme fact which stands 280,000 per year, the total for the whole six years beout prominently in the evidence cited above is that ing 1,709,628, or but little more than the arrivals of
up to this time practically all the trade Indications the last two years— that is, 1901-2 and 1902 3. In the
year ending June 30 1900, with an improvement In
remain of an eacouraging nature.
tled yet.
There
is
trade condidjns here, there was an increase to 448,-
OUR LA ROB IMMIGRATION MOVEMENT.
—
In considering the future of trade, one factor and
a very important one, too should not be left out of
the calculation. Population is all the time growing
larger with the result that if on the one hand pro
dnctive capacity is increased, on the other hand the
consuming capacity of the nation is likewise expandIncrease in population is coming not merely by
ing.
reproduction in excess of deaths, but also by reason
of immigrant arrivals which are now exceeding any
previous period in the country's history.
It is this large immigration movement to which we
would refer to-day. Ko calculations bearing on the
future would be complete which did not take it into
account and make full allowance for it. In our issue
—
of February 21 last
we made
editorial allusion to the
and in the year ending June 30 1901 a further
increase to 487,918, followed by 648,743 in the twelve
months to June 30 1902 and 867,016 in the twelve
months to June 30 1903. In other words, in the last
four years the additions in this way have been 2,442,279 that is, nearly two and a half millions, as against
only 1,709,628 in the whole of the six years pre672,
—
ceding.
unfortunate that so considerable a portion of
the immigrant arrivals should belong to what are considered the least desirable classes. For Instance,
Icaly in the late year furnished the largest number of
any country, sending us no less than 230,622. Austria
came next with 206,011, and liassia caoae third with
136,193. This makes 572,726 out of the total of 867,It is
046 as coming from these three sources.
Still, as
THE OHRONICLE.
\A.uacST 2*, 1968.3
how general the movement has been, It
may be noted that among all the countries of Europe
llluBtratiDg
separately specified In the statistics there is not a
single one that has failed to record a very considerable
augmentation over the year preceding. The respect
able number of 68,947 came from England, Ireland,
375
BUFFALO ROCHESTER £ PITTSBUROH
RAILWAY.
We
printed last week In our Railroad Dapartment
the annual report of the Buffalo Rochester & Pitta*
burgh Railway Company for the fiscal year ending
Juno 30 1903, giving the President's remarks in full.
Saotland and Wales, as against only 46,036 In the year
We shall publish during suceedlng weeks the annual
preceding and much smaller numbers in previous
Germany, too, increased her quota, having reports of many other railroad companies for the same
years.
period of twelve months, but we doubt that any will
8ent40,086 as against 28,304 in the twelve months
reveal
a more striking record of prosperity for this
Then we find that 46,028 came from
preceding.
Sweden as against 30,894 in the previous year, and particular year.
The Buffalo Rochester & Pittsburgh Is not a large
Norway as against 17,484. In the follow
Ing we show the movement for the last five years, dis- system, comprising, even after the extensions of recent
24,461 from
according to the nationality of the immi-
tributed
MONTHS ENniNO JUNE
5
1902.
46,036
28,304
171,989
178,372
107,347
30,894
17,484
38,642
1903.
United Kingdom
German Empire
U angary
Italy
Russia
Sweden
Korway
Other Europe
Total Europe
Asia-Japan
Other Asia
AU other
Grand
countries
68,947
40i086
206,611
230,622
136,093
46,028
24,461
62,259
1900.
45,546
21,651
113,390
135,996
85,257
23,331
12,248
31,818
49,237
18,507
114,477
100,135
91,157
18.650
9,575
23,962
affairs,
therefore,
45,053
17,476
62,491
77,419
60,982
12,796
6,705
14,425
the physical and operating results.
311,715
487,918
Its
attract attention except for certain
448,572
643,743
01.
1899.
297,347
857,046
total
and for 1900
30.
1901.
814,507 619,068 469,237 424,-00
12,635
14,270
5,269
19,968
5,311
8,001
8,324
9,998
5,926
12,573
7,404
5,038
One other encouraging
2,844
6,128
5,396
feature la the returns de-
serves to be mentioned, namely, the large excess of
—
males over females the workers as compared with
In 1901-2 the arrivals embraced
the dependents.
females
against 466,369 males, and in
only 182,374
1902-3 there were 243,900 females against 613,146
uales.
miles of road, this having been the
length operated for 1902-3, the same as for 1901-02
grants.
Austria
years, only 472
Altogether, therefore, the arrivals for the t^o
At the
outset one
would not
unique features in
struck by the exbent of the
special appropriations made directly out of earnings.
These appropriations had been large in the year preceding so large as to merit notice then but for
1902 3 are of still greater magnitude. Altogether
almost a million dollars was appropriated in that way
out of income in the late year— $950,749. Of this
Is
—
—
amount $780,734 comprised expenditures for additions and betterments made to the property (Inclad*
Ing $515,435 for 2458 miles of second track), $128,000 represented the principal of car trusts paid off
during the year and $42,015 was for extraordinary
expenses and improvements.
With the exception
of
the cost of the construction of the Indiana branch, all
expenditures for construction on the line owned by
the company were paid for out of income, the toti^
years comprised only 426,274 females against 1,079,-
amount
mestic manufactures in view of the great Increase in
qaite 7^ million dollars.
The $950,749 appropriated
therefore constituted over one-eighth of the whole
so paid, as already stated, being $780,734.
In the case of any of the larger systems an appro616 males.
As was noted on a previous occasion, it is possible priatlon of cearly a million dollars out of the earnings
that this large addition to the body of laborers in this of a period of twelve months would not call for
country may be beneficial in another way. If trade special comment, but It is to be remembered that
here should contract and bring with it some falling even after the increase in earnings made by the Bufoff in the domestic demand for goods, it would be falo Rochester & Pittsburgh in the late year the total
necessary to find larger markets abroad for our do- of the gross revenues for the twelve months was not
our productive capacity provided during the last few
years.
One of the obstacles in the way of enlarging
amount earned gross by the company during the
the foreign markets for our goods is the fact that year. If we take the net income remaining above
trades unionism, by making undue demands as to operating expenses and fixed charges, which for
wages and by imposing other restrictions and draw- 1902-03 was $1,781,594, the $950,749 appropriated for
backs, is adding very materially to the cost of betterments and additions forms considerably over
manufacturing
influx
of
in
foreign
this
labor
The
country.
might
In
that
large
event
half the same.
The
surplus of income for the twelve
months over
tend to restore the equilibrium.
In other words, and above expenses, charges, and this special outlay of
the rule
of
sapply and demand would come $960,749, amounts to $830,845, while the call for the
into operation here as elsewhere.
There would be 6 per cent dividend on the $6,000,000 of preferred
larger numbers of people seeking work, and hence stock was only $360,000, leaving a balance of $470,000,
the laboring classes would no longer be in position to or nearly 6 per cent on the $8,300,000 of common
stock outstanding.
enforce any conditions which they might seek to Im
But even this tells only part of
the
pose.
story.
The effect upon unionism and its arbitrary
The company owns the $4,000,000 stock
and ineqaitable demands could be no less telling, and of the RDchester & Pittsburgh Goal & Iron Company,
this In Itself would be a noteworthy advantage.
It 1b which latter enjoyed an unusually prosperous year,
a question whether we have not already reached the due, on the one hand, to the fact that the price of
point where the supply of labor Is becoming excessive, coke was high during the year, and on the other hand
for we notice by the dally papers that several hun- to the circumstance that the miners' strike In the
dred Italians returned to their native land by tne anthracite region enabled it to sell at advanced prices
steamship Roma, which sailed August 3, and about such of Its coal as had not previously been contracted
six hundred more went by the steamship Perugia, for.
The report tells us that the surplus of the
which sailed August 8, owing to their inability to Rochester & Pittsburgh Coal & Iron Company for the
find work here.
fiscal year amounted to over 1^ million
dollars
THK
376
IJllilliWlULiM.
(11,661,086), out of whioh a 16 per cent dividend was
It is proper to say^tba^
paid, calling for 1600,000.
this dividend of 15 per cent on the |!4,000,000 stock
Lackawanna
In Buffalo,
[Vol.
LXXVII.
Company to the works of the latter
N. Y. The company also has certain
Steel
other extensions under way, and through the Rochestor & Pittsburgh Coal & Iron Company has made
Pittsburgh Coal & Iron Company
i« nearly equal to 60 per cent on the cost value of the additional purchases of coal lands and has likewise
stock to the Buffalo Rochester & Pittsburgh Riilway undertaken the construction of an iron furnace at
Company, the Investment standing on its books at a Falls Creek, Pa., which when in operation will be
capable of making about 260 tons of pig iron per day.
cost of only 11,003.670.
The 1600,000 received on the stock of the Coal & To pay for these various purchases $700,000 of addiIron Company was not credited to income by the Buf- tional common stock Is to be offered for subscription
falo Rochester & Pittsburgh Railway Company but to stockholders when the funds are required, and the
was carried to profit and loss Jaccount. It remains Rochester & Pittsburgh Coal & Iron Company has also
therefore to be added to the $830,846 surplus on the created a $2,000,000 issue of 4^ per cent sinking fund
operations of the railway company, making $1,430,- gold bonds, of which a million dollars have been sold
and one million dollars remain in the company's
846, equal to 13 per cent on the $8,300,000 of com
mon stock after allowing for the 6 per cent dividend treasury.
on the $6,000,000 of preferred stock. This is over
of the Rochester
&
and above the appropriation of $960,749 for additions
and betterments. This latter sum itself is equal to
over 11 per cent on the $8,300,000 of stock, so that io
the ordinary way it might be said that the company's
Income for the twelve months had been over 24 per cent
on the total of the common stock now outstanding.
Of course such spleodld results would not be possible except for the improved rates realized and the
increasing tonnage of coal and coke carried, which
RAILROAD GR088 AND NET EARNINGS
FOR JUNE.
In the June statement of gross and net earnings of
United States railroads given below, we have perhaps the most striking illustration yet furnished of
the part played by Increasing expenses In the affairs
Oar monthly exhibit this time is not
as complete as it usually is, owing to the fact that
June is the closing month of the fisaal year, and that
among them the Southern
several large companies
Pacific, the St. Louis &^San Francisco, and all but one
of the anthracite coal companies, namely the Reading, the Lehigh Valley, the Central of New Jersey, the
Erie and the New York Suequehanna & Western are
holding the June accounts open so as to admit of any
of the roads.
—
forms such an important part of the system's tonnage. Owing to the growing demand for coal which
has existed in recent years and the greater harmony
prevailing between competing lines, rates have con•iderably improved, and for the late year the company
averaged 5-31 mills per ton per mile on Its entire
freight traffic, as compared with only 4'12 mills per adjustments that may be necessary to make the figures
ton per mile in that exceptionally poor year, 1098 99, conform to those to appear in the forthcoming annual
and 4'80 mills per ton mile in 1896-97. But after reports. There is good reason for thinking that the
all, the improved rates constitute only one element in omission of the anthracite coal roads (of which only
the remarkable prosperity which the road is enjoy- the New York Ontario & Western is represented in
ing; In the last six years the number of tons of our tables) has made the snowing as to net poorer
freight moved one mile has more than doubled, than it otherwise would be
comparison on these roads
rising from 575 million tons to 1,146 million tons. The being with the strike period in 1902, when earnings
growth has been largest, of course, in the coal ton- fell off heavily and expenses could not be reduced in
nage, but there has also been marked expansion in proportion but this very omission serves to brini(
the other items of the'freight traffic. Moreover, the out more clearly and with new emphasis the extent of
passenger earnings have been steadily gaining, the the augmentation in expenses on United States roads
revenue from that source in 1902-03 having been as a whole.
$841,873, as against only $331,799 in 1896 97. In the
Gross earnings show the same handsome improvesix years the length of road operated has increased ment as in the months preceding, but the addition
from 340 miles to 472 miles, but as showing how much to the net Is the smallest of any month since last
(greater proportionately has been the gain in traffic January and February.
Stated in brief, the gain in
earnings
for
that
gross
and revenues, it may be noted
gros8,even without the anthracite coal roads, which, if
1902-03 were $15,789 per mile, as against only $9,874 they could be included, would without doubt greatly
per mile at the earlier date, and net earnings were swell the amount, reaches the large sum of $10,617,$4,592 per mile, as against $2,941.
Expenses, however, increased no less than
631.
We have already seen how conservatively the prop- $8,736,410, so only $1,882,121 of the gain in gross
erty has been managed from a financial standpoint in was saved for the net.
The Inflaences operating to
the large appropriations made out of Income for new Increase the expense accounts were the same as hereIts operating achievements are no less tofore
property.
higher wages and enhanced cost of materials
Thus the train-load has been steadily and supplies and these were supplemented this time
noteworthy.
enlarged and for the late year reached (excluding the in the case of the roads in the Southwest by the extra
This was cost entailed in repairing the damage done by the
mileage of helping engines) 44 L tons.
nearly 18 tons better than the average for the preced
In the following we show the June aggrefloods.
96
tons
better
average
over
than
the
and
ing year
gates of gross earnings, operating expenses and net
attained In 1896 7.
earnings. We defer until another week the publication
The company has jast opened 28 miles of its of the statement for the half-year to June 30, in order
Indiana branch to Ernest, Pa., and when the exten- to make the record for that period more complete.
Inereatc.
1902.
1903.
sion of this branch to Black L^ck Station on the
P. et.
$
June.
$
Indiana branch of the Pennsylvania Railroad shall be GrosB eamlngB
70,435,046 10.617,531 1507
81,053,177
5
18-07
8.735,410
48,328,842
completed, the coming October, the company will be Oporatlni? expenses.... "',064,252
81,882,121
22,106,804
23,988,925
enabled to move tonnage direct from the mines of the
Net earnings
—
—
—
—
—
.^
)..
ArocsT
.
THE OHKONIOLE.
23, 1903.]
Higher expenBes were a feature last year, too, but
Below
at least not to the same extent as at present.
as
to
gross
results
and
net
for a
we show the Jane
nnmber
OroM BarnlnoM.
Tear
Tfar
roadt.
0lv«n.
PrictiUnt.
JV«t Earningt.
IncTtcue or
De^re^ue.
June.
•M(116i
5'»,S98,995
68.435.487
wa«9)
3«,307.7-0
•96(187)
46,430,585
48.sos.ose
4»,e«0.9B8
49,907.037 -10,599.857
43,698.786 +3.^;31.^2^
Twaai)
Tear
Precedino.
t
1
1
t
Tear
Oiven.
17.408,48-'
+1.4''3.4»i^
46,33.4,619
+ 1,978.474
47,0U,545
+1.HS6 447
*
+l,058,£0a
-4,710,077
+1,571,085
11,032313
15,7 .-Ja
13.699.983
13,S14.S99
12.188 08f
13,120,18
+
14,016.316
+898,182
+3,787,449
+9,176,567
390
13,2:3 393
60.874.300
46,002.366
4 8.371,984
•80 (80)
f5,978.06,x
+7,H41.?45
17.H55,057
14 088,508
•00 (891
48,136.823
80,658.419
78.1)41846
+7.231,8.'8
81,K43,I58
+6,0^4.8 16
+6, 13 1.3 Jc
28 223.611
26,679,487
10 666,595
23,318,64
25,466.58
23,988,926
22,106,804
01
(»<)
•Ofl
(84)
89.P!)«,836
788i5,4'9
•OS (£01
81,053,177
70.435.616 f 10,617,631
in
groups, the char-
acterigtlcs already oatllnei are again observed.
Still,
there are only two groups which actually have dimin-
+640,006
1,'.
51,791
4 2 904,9fi9
+l,2i!3.908
•
&
St. Paul is mainly responsible for the reduced net,
while the loss in the Southwestern group folliiws from
the causes already mentioned.
»
te(ii«
87,883,847
78,r2«,181
Increate or
Decreaee.
16.345,196
14,371,918
14 913,49-
•»7(1C«;
the roads are arranged
ished net, namely, the Southwestern and the Korthwestern.
la the last-mentioned group the Milwaukee
of years past.
T$ar *
So. of
When
377
+1,882,181
Hon.— We
no Ioniser include the Mexican roads or the ooal-mlnlng
ttperatlonB of the anthracite coal roads In oar totals. Figures for
prevloas years have been revised in accordance with this change.
In the case of the separate roa(ig the showing is
much the same as for the roads as a whole very noteworthy gains in gross, but much more moderate gains
In net, and in a number of Instances even losses in
—
SDMMAAT BT OBOUPS.
QBOUP.
1803.
June.
Trnnk
N«t Slarningi.
Orost Barninot.
BICTION OB
lines. .6
afcnthr. CoaKl
i*ld. West'n.(17
Bast. A Mid. (IS
Sorthwest'n .9)
North PaolflciS
1908.
1908.
s
%
t
86,468.846
82,oe3.0( 9
643,705
1902.
Inc. or Dee.
t
7,405,866
262.04f
8,038,330
193,553
dcf.24.011
8,018,424
4,C43.1H2
6,687,23t
8,810.345
1.667,266
3,39e.H5(-
1,143,128
l,C9i!,424
6,348.870
6,904,624
1,016,819
1.948.84-,
P.O.
t
+548,465
+217.584
+662,980
+60.704
-32.038
+626.699
7-24
'
,
33-87
0'4a
0-16
20-70
8.730,244
7,104,8«1
3,080,008
3,561,209
Soathweitern a
SoQth PacilSj
10,497,766
10.317,029
2.505,810
3.897,986
-799.175 84-oa
3ontbem....(24
16,411,161
13,880,75)
4,900, 13<{
4.087,220
+ 812,912
Total (far'dB.
81,053,177
70,4S5,64f
23.98»,02&
22, IC 0,804
+1.E82.181
8'Bl
3,6g8.i'45
2,908,27f
1.016,645
867,63^
+149,107
1719
Mexican
(3)
a These
figures are merely tho»?e of the N. Y. Ont.
&
18-89
Western ; the
the latter. The Milwaukee & St. Paul, though hav- Other roads of this group not having as yet issaed their reports for
June.
ing added $177,205 to gross, has suffered a decrease
In the above we deal entirely with the joads which
of $101,447 in net.
In like manner the Atchison
Topeka & Santa Fe, with $43,324 increase in publish returns of both gross and net. There is
gross,
has $641,395 decrease in net; the Wa- another body of roads which furnishes returns as to
bash, with $179,184 increase in gross, has $192,592 gross but not as to net. In the following we unite
decrease in net; the Central of GI-eora:la, with $110,292 the two, affording a still more comprehensive exhibit
increase in gross, has $46,090 decrease in net, and the as far as the gross is concerned.
Long Island, with $31,428 gain in gross, has $45,788
BOADS REPORTING GROSS BUT NOT NET.
loss in net.
Some of the Southwestern roads, on ac1903.
Increase.
Deer'se.
June.
190B.
count of the floods, show losses in both gross and net;
this
belong
to
class
the Missouri Kansas & Texas and Reported above (86
$
$
$
$
70,435,646 10,617,531
81,053,177
the Kansas City Southern. The Pennsylvania Eail- Al.roads)
N.O. & Tex. P.New on. & No. E.
160,528
22,519
183,047
road in its return typifies the general situation by
Alabama & Vicks.
96,93C
27,683
69,247
Vickeb.Shrev.&P.
80.88i<
8,086
88,974
reporting only $201,100 gain in net with $2,120,700
CWo. Ind. & Loulsv,
382,321
41,725
428,946
gain in gross. The following shows all changes ex- Chic. & Northwest..
4,000,368
796,361
4,796,729
P. M&Om
904,389
91,697
.«...«
996,086
ceeding $30,000, whether gains or losses, in both Chlo.St.
Chic. Term. Tninef.
145,433
7,849
137,584
PBIHOrPAL OHAHOaa IH
GROSS
EARNIN08 IH
Detroit Southern...
JUNE.
Kvansv.
Evansv.
Incrnasea.
Pennsylvania Syst
(2ioari!<)t
ao
i on ^nn
!JS^,l^U,/00
)
y
Canadian Pacific
972,639
787,242
nilnols Central
Baiiimore 4 Ohio
Union Paolflo System.
Norfolk & Western
Louisville A
747.5»<4
640,732
593,821
396.788
380,9 i3
380.660
331,027
318,637
261,100
NashvlUe
Olev.(31n.Ohlo.&St.L.
N. T. Ont. & Western.
Chesapeake & Ohio..
Southern Railway
Northern Central
Mo. Pacific & It. Mt.
Central Branch...
Buff. Roch.&Plttsb'sh
Wheeling & Lake Erie
Mlnn.et. P.&8. Ste.M.
Cln.
*
$95,238
92,8
90,066
82,548
78,466
72,8^4
70,318
54.094
43,3 24
37,105
35,000
81,423
30,900
New Or.&T.Pac.
&
Eastern
Kanawha & Michigan
Peoria
Cumberland
U
Valley...
Ala. Gr't Southern
^tch. Top. A Santa Fe.
Gulf & Ship Island....
Ga. Southern
Fla...
A
Longlslaud
W. Jersey & Seash
oqo
aia
^av.va*)
)
Total (representing
179,184
40 roads)
$10,610,760
Chic. Mil. & St. Paul..
177,205
(3hic. Great Western..
175,165
Naah.crhat.&St.L.ouiB
151,166
Decreases.
Phil. Bait. & Wash. ...
135,200
Hocking Valley
129 3^7 Minn, (fc St. Louis
$83,687
"Yazoo <t Miss. Valley.
120,320 Uo. Kans. & Texas...
74,698
Seaboard Air Line
120.^59 Kan. City Southern...
68.657
Atlantic Coact Line...
117,221 Iowa Central
31,662
Tol. A Ohio Central...
110,664
Central of Georgia
110,292
Total (representing
Pere Marquette
101,826
4 roads)...
$258,704
tcovers lines directly operated east and west of Pittsburgh and Erie.
The gross on Eastern lines (Including Buflalo <Sc Allegheny Valley
Division) Increased $1,231,800 and the gross on Western lines
Wabash
5
,
II
laoreased $8>^8,90O.
y Includes Lake Erie
&.
NET
Increases.
Baltimore & Ohio
Canadian Pacific
Ontral
Norfolk A Western
Illlnole
& Western.
Pennsylvania
(2 roadfOt
Syet
....\
Atlantic Coast Line.
.
Union PaclDc System.
Chic. Great Western..
Chesapeake & Ohio...
Pere MarquetteU
Southern Railway
Northern Central
$509.24 5
399,318
324,453
30^,409
217,564
oni
inn
201,100
178,242
122,135
109,339
106,514
BABNIN08 IN JUNE.
Increases.
Kanawha & Mich
Total
$38,163
(rei
20 roads)
$3,038,289
Decreases.
Atch. Top.
& Santa Fe
RR
Kan. City Southern..
Ohio. Mil. & St. Paul.
Wabash
&
Ind'p'8..
AT.
H
Trunk of Can.)
Gr Trunk West. >
Det.G H, AMil )
66,200
1,370,800
120,933
82,062
1&0,91S
1,437,000
25.459
130,891
16,056
6,603
20,028
3,017,626
2,503,824
513,802
3,376,188
171,169
3,072,879
122,62
12.196
341,829
373,904
17.026
538,396
16,55C
5,907,731
3,605,925
201,586
303,309
48,938
559
64,451
92,122
104,87';
Gr.
Great Northern
Montana
Central.
Illinois
Southern...
12,7(^4
Intern.
&Gt. North.
406,280
466.026
26,085
631.457
16,963
Lake Erie
&
West'n
.HobiIeJaok.&K.C.1I
Mobile & Ohio
Nevada-Oal. Oreg ..
New York Central*
Northern Paolflo
Rutland RB
St. L. dtSan Fran.
ltd. Ch
&£
111
)
6.657,056
4,130,279
220,470
2,513,966
\
Vand. & T H.
T. H. Alndianapoiie
Terre H. A Peoria..
Texas & Pacific
Tex.Sab Val.&N.W.
St. L.
197,338
176,036
West...
WlHconsln Central..
62,222
778,751
8,000
195,652
606,700
Total (119 roads).
113,021,495
Tol
St. L.
&
3,235,229
193,362
149,684
40,701
697,011
8,700
202.192
*
->>>«
6.939
413
749,325
524,354
18.885
277,737
3,976
26,352
21,521
81,740
70*6
6,540
538,070
68,680
98,656,260
14,453,463
Net inc. (14'56p.c.)
IT
9,0i}0
••••
88,328
14.365.235
Four weeks to June 27.
Figures for June, 1903, are [approximate.
from the foregoing that by inclndlng
the roads which report only as to gross, we get an
aggregate increase in gross for the month of Jane
that is,
in amount of $14,365,235, or 14*56 per cent
the gross earnings for Jane 1903 foot up $113,021,495,
against $98,656,260 for June 1902.
It will be seen
Detroit Rirer Railway.
PRINCIPAL OHAHOES IH
N. Y. Ont.
& Rio Gr....
Denver
gross and net.
—
$641,395
192,592
li;-(,864
101,447
49.110
92,141 Bdo. Kansas & Texas..
4 6,090
86,941 Central of Georgia
73,200 Long Island
45,788
Louisville & NashvUle
68,764 Minn. <fe St. Louis
41,587
Seaboard Air Line...,
61,i35 Ann Arbor
40,152
Toledo Peoria & West.
53,274
Ya«oo<fe Miss. Vallev.
51.716
Total (representing
Hocking Valley
39.637
9 roads)
$1,272,005
t On the Pennsylvania RK. the net on lines directly operated east of
Pittsburgh and Erie (InclndiDg Buffalo & Allegheny Division) Increased
$123,900 ana the net on Western lines increased $77,200.
U Includes I<ake Erie & Detroit River Railway.
FALL RIVER MILL DIVIDENDS.
the Fall River mills for
the third quarter ofi 1903 is not an unfavorable one as
compared with the preceding quarter of this year or the
corresponding period last year. At the same time the current
exhibit does not truly reflect the conditions as now existing,
for on the basis of the ruling prices for cot* on, dividends
^ould necessarily be passed or paid out of previous surplus.
The exhibit
of dividends
made by
.
THE OHKONICLB.
378
Thirty-oce of the thirty-two corporations included In oar
Btatement have declared dividends dnring the quarter, the
aggregate amount paid out reaching $300,850, or an average
of I'ii per cent on the capital. In 1902 thirty two mille
declared dividends in the third quarter, the average rate of
distribution being 1'50 per cent. In 1901 the average dividend
for the third quarter
per cent and in 1899
was 1-12 per cent, in 1900
it was 1*49 per cent.
American Linen Co
P. 0. .Amount. P. C.
Amount.
IH
IW
lU.OOl
+14,000
IH
..No dlTtdend.
400,n(X'
4e5,0(Ki
1.0O>,0CK'
IVt
8
m
750,00(
180.000
1^
400,001
IH
IH
IH
100,000
380,000
1.000.000
800.000
1.000.000
soo.ooo
750,000
800.000
400.000
-Mills
Flint Mills
eranlte Mills
HaryntTes Mills
King Philip Mills
Lanrel Lake Mills
Ueohanlcs' M1II9
Merchants' Manufao'g Co.
NarraKansett Mills
Mills
Mill
1
1
Ik
2
Stafford -Mills
1,000,00(>
1
SteTens Manafactor'g Co.
700,000
600.000
300.000
1.800.000
750.000
650.000
2
BaKamore Mf r. Co
Beaconnet MlUs
Bbove Mills
Mills
Troy Cot. A W. Mf k. Co..
Union Cotton M'f'K Co...
Wampanoas MlUs
Weetamoe MlUs
m
m
On capital of »1 20,000.
a On capital of $>!O,4O5,O00.
•
+
10.00(1
14,0<M'
IH
Ik
1
1
On
16,000
12,000
11.26C
8,4
6,000
8,700
80,000
12,000
15,000
4,600
Ik
Ik
1
Ik
1
1
Ik
Ik
1
Ik
I
1
f^^
Ik
8
18.000
18.000
7,500
5,600
«
4.0
7,426
Ik
Ik
Ik
7,60(i
0.760
Ik
Ik
8
7.500
5.500
ihi
1
1-44
•8
e,oo(
1
$ao.P05,ooo
iH
fl,000
a
800.000
600,000
SOO.OOO
iKW.OOO
600,000
550,000
m
Ik
3
6.000
8.700
20,000
18.000
15,000
6,000
7.600
H,OOC
6,000
7.600
16,000
9.000
12,000
m
iH
1
Pocassec Mannfiicfg Co.
Rlofiard Borden M'f's Co
8,701
a
750.00<.
1
4,w50
16.000
H,000
11.250
1
400,000
Ctaace Mills
Coaantcut Mills
Cornell Mills
$16,OOC
6,760
i
tSOO.OOi
460,00<
ArkwTlKht Mills
B&rnab) Mauufact'K Co...
Barnard Mannfact'g Co...
Border City Man'f'K Co..
Bourne Mills
Tecnmseb
1'81
or
Dtcreati
Capital.
1903 and 190i.
Osborn
Parker
was
Dividends 1908. Dividends 1008. Inerea»t
Thikd quartkb.
Davol
it
Ik
1
1
»soo.85n al-54
»',ooo
U.«50
+1.500
-3.760
ArkwrlKht Mills
Bamaby
.Manafact'K Co...
«k
8k
3k
4k
4k
400.000
495,000
Mills
1
3k
4k
-Mills
Flint Mills
Granite Mills
Hartrraves Mills
KlnK Pbillp Mills
Lanrel Lake Mills
Mechanics' Mills
Merchants' Manof'K Co..
Narraeansett Mills
Osborn Mills
Parser Mill
Pocasset Mannf'K Co
Richard Borden Mfe. Co.
a^amore Manafg Co ...
Maconnet Mills
HhOTe Mills
-tfllls
M«Tens Mannfactor'g Co.
Tecnmseb Mills
Troy Cot. 4 W. Mfg. Co..
Union Cotton Man'f'g Co
Wampanoag Mills
Waetamoe Mills
4,00(
17,3^^
1.000,000
800.000
1.000,000
800,000
6
45.000
28,000
83,-?0
7,500
au.ooo
18,000
86,100
60.000
4k
1<6.000
750,000
800,000
400.000
760,000
800.000
600.000
800,000
900.000
600,000
660,000
1.000,000
360,000
600,000
800,000
1,800.000
750,000
650,000
3
7
400,000
760,000
180,000
400,000
400,00(
680,000
Cornell Mills
tafford
C.
$40,000
80,260
1.000.00IJ
Chace Mills
Conanlcnt Mills
Darol
Amount. P.
6
460,00C.
Barnard Manufact'g Co...
Border City Manuf'gCo..
Bonme
P. C.
1800,000
-1,500
-[-VVcdo
—12,000
1316,775
«k
6k
6
*H
4k
3
1^
6
Ik
1^
8k
3*
3
3
6
45,000
18,000
98,100
24,G00
18,000
88,500
4H,000
27,000
6k
4k
6
3
3
22,>»76
4f.,000
83,761
7.200
22,00i
18,000
24.880
60,00<
—4.l'60
-^,bo6
"+360
— a,000
+1,466
4k
14k
14\00C
-100,000
is.aoo
3k
20.2M
+4,600
-3,760
V*
24.000
18,000
22,500
8
6
4k
4k
S6.00.i
6
81,500
22,500
18,600
30,000
4^,000
36,000
64,000
82.500
16,600
or
Decrease
I68.00U -$12,000
« 4,600
16.760
14,000 —10,1 00
84,000
^^
iiifiOi
12
Amount.
86,001
4"'.000
27,00«:
86.00<
64,000
21,000
—28,500
+1,51)0
i^
ie,5'(
a
e
30.000
81,000
+21,000
4k
22.60<
64.000
— i8,bd6
1»
4k
54.000
8
2)^,500
3
10,500
3-l»i »1.0S6,875 —14.5,950
1910,02^
Totals
120.906,000' 4-36
Bzcladlng extra dividends deoi^red by American Linen (2 per cent) and
King PbUlp Mills (10 per cent) the average was 4*59 per cent.
*
ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S
—Seventeen shares of stock
Bank were
of the
sold at auction this
week
N
Y. National Exchange
at 227,
an advance of
7
points over the price paid at the last previous sale, which was
made in May. This was the only public sale of bank or trust
company shares made during the week, no transactions
having been recorded either at the Stock Exchange or in the
"curb" market.
Bxkk»— Veto Fork.
SMareM
Price.
La»t previoui tale
227
17 N. Y. Nat. Exchange Bank
Ma/ 1903— 220
—The membership
New York
Stock Exchange of
Henry G. Weil, well known as a bear operator, has been
transferred to William A. M. Bnrden for a consideration of
in the
$60,000.
—The
Trust
Company
cided to discontinue
of the Republic of this city has de-
"Home Bank" department and
has
arranged with the Washington Savings Bank, at Broadway
and 65th Street, to take over these accounts and oontinue
them. The company announces that it has taken this step
ita
—Work
on the new building of the Jersey
CHy Trust Company, at Newark and Hoboken avenues, Jersey City, the
corner-stone of which was laid a week ago, is progressing
rapidly. It is expected that the structure will be ready for
occupancy about
Dividends 1903. Dividends 1902. Increast
American Linen Co
&
Tar Company.
capital of |350,00t).
Capital.
—At a meeting of the board on Thursday, Mr. William H.
Childs was elected a trustee of the Long Island Loan
Trust
Company of Brooklyn. Mr. Childs is prominent in a num-
ber of industrial organizations, being President of the Com—a.475 monwealth Roofing Company, the United States Wood Pre-4,000 serving Company and the Bon Ami Company, and Vice"+800 Preeident of the Warren Chemical & Manufacturing Company,
the Barrett Manufacturing Company and the National Coal
Combining the foregoing resnlts with those for the halfyear (published in the Chronicle May 31, page 1115,) we
have the following exhibit for the nine months. It is 8een
that on a capitalization of |20, 905,000 the mills have paid out
in dividends |910,925 in the nine months of the present
year, or an average of 4 36 per cent, against $1,056,875, or
5'02 per cent, in the like period of 1902.
NijTE Months.
1903 and 1903.
because it believes accounts of this character should be
handled by a savings bank rather than by a trust company.
By the "Home Bank" department is meant the department
having charge of the little bronze safes which are rented at
one dollar and allowed to be taken home, the bank holding
the key to the same. The small savings aocumulated in this
way are at stated intervals turned into the institution issuing
the safe.
-4,000
8 omi
6.000
7.60C
16,000
0,000
12,000
9,000
9.000
5,600
10.000
7.000
7,500
24,000
1K,000
7,500
5,600
[Vol. LXXVII.
building
is
in the
May
1
next.
The estimated
cost of the
neighborhood of $130,000.
—The Navesink National Bank of Red Bank, N. J., has
been declared insolvent, and was on the 14th inst. placed in
the hands of Mr. W. A. Mason, receiver. The bank's difficulties, it is stated, are due to a shortage in the accounts of the
Cashier. The real estate holdings and the $20,000 bond of
the latter, however, are expected to almost cover the alleged
embezzlement. The bank's capital is $50,000. Mr. Mason
was this week relieved of the duties and Mr. John W. Schofield appointed receiver.
Mr. Schofield is also receiver of
the First National Bank of Asbnry Park, but as the affairs of
this institution are so nearly wound up, the Comptroller
believes he will be able to devote most of his time to the
Navesink National.
—
At a special meeting on the 13th inst. the stockholders of
the First National Bank of Utica, N. Y. voted to increase
thecapitalfrom$800,000 to $1,000,000, The new issue will
,
be offered to present shareholders in proportion to their
holdings for 30 days at $120 per share— double the amount of
the par value, which is $60. Any unsubscribed shares remaining after the period mentioned will be disposed of in
such manner as the directors may elect. Besides the increase in its capital, the bank is preparing to add considerably to its facilities by the enlargement of its banking rooms.
For several months the adjoining building has been undergoing reoonstruotion to conform to the bank's present quarters, so that, when complete, ample accommodation will be
afforded for the expanding business of this institqtion,
—So few
are there who are permitted to paes their ninetybirthday, ard fewer still who at that age are able to
take an active interest in business affairs, that Hon.
Albert QaUatin Dow of Randolph, N. Y., in laying
claim
to both
these
distinctions,
presents
an infigure.
teresting
Mr. Dow has been a banker the
greater part of his life, and still maintains an office
in the village in which he resides, observing regular office
hours and walking regularly to and from his business. Mr.
Dow is one of the original members of the board of the
Chamberlin Institute, organized in 1850 at the Randolph
Academy. He has played an active part in public affairs,
one of the offices held by him being that of State Senator, to
which he was elected in 1873. His son, Mr. Charles M. Dow, is
Second Vice-President of the Title Guarantee
Trust Comfifth
&
pany
of this city.
—An examination of the accounts
of the failed City Trust
&
Banking Company of Baltimore, Md., made by expert W.
E. P. D avail shows estimated resources of $424,540, while
the liabilities, including the $100,000 of capital stock, are
given as $675,008, ehowing a deficiency of $350,468. Even
with the capital of $100,000 eliminated, the deficit is $150,468.
The oity is interested in the failure to the extent of $4,800,
this representing the amount advanced by it to make good
the sum deposited with the company by one of the school
principals on account of school funds. Messrs. George D.
Penniman and Campbell Carrington are the receivers of the
company, which, it will be recalled, suspended early In
June.
—
August
—The
THE CHRONICLE.
23, 1903.]
Comptroller has approved the organization of the
Empire National Bank of Clarksburg, W. Va., the ciipital
which has been fixed at |800,C00. Mr. V. L. Highland
Clarksburg is interested in the movement.
of
of
—Through the consummation of negotiations this w^ek, the
Guarantee Title & Trust Company of Pittsburgh has acqaired
a large interest in the Braddock Trust Company of Braddock, Pa. This latter institution and the First Nitional
Bank of Braf^uock (a majority of whose stock the Braddock
Trust purchased early in 1903) will now, it is stated, clear
through the Iron City National Bank of Pittsburgh, which
Is owned by the Guarantee Title & Trust.
—
The question of Increasing the capital stock of the
Colonial Trust Cimpany of Pittsburgh from |4, 000,000 to
|6,800,0C0 will be sutmitted to the stockholders at a spfclal
meeting on October 14. At the same time action will be
taken in the matter of the proposed acquisition of the stock
of the Farmers' Deposit National
Bank
of Pittsburgh and the
379
Bank of Chicago, will address the bankers
on the opening day of the session. Ex-State Auditor W. H.
Hart of Indiana will figure in the same day's proceedings
with an address on "The Relation of the Commonwealth to
S'ate Financial Institutions." United States Senator A. J.
Beveridge of Indianapolis is also named as one of the
speakers, as well as Congressman Charles N. Fowler of New
Jersey and Mr. J. A. L. Pollard, Cashier of the Fort Madison
Savings Bank of Fort Madison, Iowa. Mr, Pollard's topic
will bo "Rubber Currency." The offijers of the Association
are: President, Mr. R. L. O'Hdir, President of the Central
National Bank of Greencastle Vice-President, W. W. Bonner, Cashier of the Third National Bank of Greensburg, and
Trs a?urer, C. E. Coffin, President of the Central Trust Company of ladianapolis.
tional Live Stock
;
—Chicago State banks and trust companies in their statements of August 11, as compared with those of May 31, show
an aggregate increase of deposits amounting to nearly |3,000,000, while some banks (very naturally in these stringent
exchange of the new etook of the trust company therefor
The Columbia and the Tradesmen's National banks of Pitts- times) show a falling off in deposits. The following instituburgh have already been moved to the Farmers' Deposit tions record an increase as designated:
National Bank, preliminary to their liquidation. As part of MeroUantB' Loan&TruBt
$1,338,000
800,000
the same consolidation plan, the American Trust (which con- minolB Truat & Savlnsra
over
600,000
solidated first with the Pennsylvania Trust Company and Federal Trust & Savings
week
moved to
merger with the Colonial Trast) has
the banking rooms of the Colonial Trust and will
proceed to liquidate at once.
Mr. F. W. Brooks, i^ormerly
laat
ratified the
Trust Officer of the Pennsylvania Trust, has been elected to
a similar position io the Colonial Trust.
—Mr. H.
C.
MoEldowney, President
of the
Union Trust
Company of Pittsburgh, has been elected Vice-President of
the Ambridge Savings & Trust Company, located at Ambridge Pa., the American Bridge Company's new town. The
other officials of the Ambridge institution, which opened last
Saturday, are President, Mr. James A. Haston, General
Manager of the American Bridge Company; Secretary, Treasurer and Cashier, F. C. Schroeder.
—An increase in the capital of
of Washington, Pa.,
—A plan to reorganize
-
the Doylestown National
Bank
of
Doylestowa, Pa., which suspended on July 30, has been
drawn up and submitted to the stockholders. The circular
states that it is the opinion of the Receiver (based on present
conditions) that if the sum of |150,000, or |50 a. share, is
promptly paid on each share of stock, the Comptroller might
be justifi:;d in permitting the bank's resumption, provided
the creditors agree to withdraw their deposits only at stated
periods to be fixed. It is further declared that if this voluntary contribution is not paid it is very probable the Comp
troUer will be compelled to assess the stockholders to pay
the debts of the bank. The Comptroller, on the 20th inst.,
appointed Mr. Robert Lyons permanent receiver of the bank
to succeed Bank Examiner J. W. Schofield, who was acting
temporarily.
—The
ing
election of officers for the Lincoln Savings
Company
of Cleveland occurred
on the 14th
-^ The
&
inst.
BankMr.
David Morison has been chosen President; Charles Seelbach
and Dr. John M. Friend, Vice-Presidents, and John M. Hirt,
Secretary and Treasurer. The opening date has been set for
October 1, instead of September 1, asoiiginally anncunced.
The voluntary liquidation of the Coal & Iron National
Bank of Cleveland went into effect on the 15th inst. On
Monday of this week the bank's consolidation with the First
National Bank of Cleveland was consummated, the enlarged
bank beginning business on that day.
—Favorable action was taken on Monday by the East
Cleveland Savings & Loan Company and the Savings, Building & Loan Company of Cleveland, regarding the proposed
merger with the Reserve Trust Co. of Cleveland. Appraisers
—
are to be appointed to fix the value of the property of the
two companies to be absorbed, the Reserve Tiust paying in
cash or stock for the assets. As before noted, the Reserve
Trust is a new institution, and is to be opened for business
800,000
250.000
nearly
over
&
Savings Bank of Chicago under
has put forth some very attractive circular literature, showing itsjvarious department features of
domestic, foreign, savings and investment banking; Its latest
statement; list of railroad and 'municipal bonds; and, especially, local securities for sale, &c.
With its three and onehalf millions liabilities, we notice that this bank carries a
cash reserve of fully 40 per cent— an evidence certainly of
conservative management. The Western Trust has one of
the finest banking rooms on'La Salle Street, and, under the
Otis- Wilson regime, gives promise of becoming a prominent
its
Western Trust
new management
factor
Company
the Union Trust
from $500,000 to $1,000,000 has been
voted by the stockholders.
Bank of Ohloago
Western Trust & Savings
Stat©
among Chicago
financial institutions.
—About September 1st the stock and
bond brokerage firm
&
Company, Chicago, will move into the
W. H. Colvin
Co., in
extensive offices recently vacated by Otis, Wilson
H. Laidley
the Women's Temple, 182 La Salle St. Messrs.
of
W
&
.
&
Co. will add to their present quarters the rooms now
occupied by Colvin & Co., thus covering a La Salle St. front
from 186 to
190, inclusive.
—Mr. Edwin
T.
Mack, Cashier of the Royal Trust Company
of Chicago, has also been elected Vice President of that institution in lieu of
Roger McMullen, resigned.
Mr. Mack
will for the present fulfill the duties of both offices.
—Owing to difficulties about getting possession of the
quarters leased in the Pabst Building, Milwaukee, the newly
organized Wisconsin Trust
Security Company will hardly
be able to begin operations much before January Ist. After
the premises have been vacated by the present oscupants,
every possible effort will be made by the Trust Company to
expedite the commencement of business. This company will
&
be closely affiliated with the Wisconsin National Bank.
— At the annual meeting on Wednesday of the stockholders
American Guaranty Company of Chicago, Mr. Fredwas elected President. The other officials
C. L. Furey, Vice-President
L. W. Pitcher, Secretary, and
James L. Bigelow, Treasurer— were re-elf oted to their respective offices. Mr. D. W. Buchanan, Vice President of
the Hamilton National Bank of Chicago, and W. F. Barnes,
of the
erick M. Steele
;
President of the Manufacturers' National Bank of Rockford,
111., were ^.elected to the Guaranty's directorate to fill vacancies. Mr. Steele, the company's new head, was formerly
President of the American Bridge Works and the Chioago
—
&
Company.
Another small Daluth banking
Forge
Bolt
institution—the Mer-
The
its doors.
was due to a run on the
bank resulting from the suspension of the Commercial Bank-
chants' Bank, capital $35.000— has
statement
is
made
closed
that the failure
Company of Duluth.
—Mr. H. C. Schwitzgebel has supersedad Mr. George
—The customary array of prominent speakers appears on Bradley aa Secretary of the Pioneer Trust Company of Kanthe programme arranged for the coming convention of the sas City, and is now acting as Secretary and Treasurer. The
Indiana Bankers' Association to be held on September 9 and paid-in capital of the company has been increased from
about September
ing
1.
10 at South Bend.
Mr.
S.
R. Flynn, President of the Na-
$500,000 to $535,000; the authorized
amount
is $1,000,000.
THE CHKONICLE.
380
—Mr.
E, F.
— It is reported
National Bank
National Bank
latter
by the
that negotiations are pending between the
and the City
of Commerce of Norfolk, Va
of Norfolk looking to the purchase of the
,
first
ital of $200,0(0:
f
namt d bank. The City National has a capurplns and profits of about |81,000, and de-
posits in the neighborhood of $750,000.
—The change
name of the Canal Bank of New OrCanal Bank & Trust Company was author-
in the
leans, La., to the
ized by the stockholders on the 5th
charter has been amended accordingly.
—The
FOKMION XKAOB OlOVBMEiNT OF THB UNITED 8TATB8.
Sparrow has been elected President of the
American National Bank of Oklahoma City, Okla., to snoceed Mr. J. S. Corley. Mr. George H. Sohlberg has been
chosen to the oflSce of First Vice-President, while Mr. F. P.
JohDson has replaced Mr. A. E. Ashbrook as Cashier.
Bank
inst.,
and the bank's
[latbefollowlnetablei three oiphariCOOOi) are in alloaiei omitted.]
Bxvortt,
niereh'dlee. t
391.673
4.prll
1UH.S27
May
1UU,930
June
95.333
an.-Marcb.
1903.ImvorU.
Sxeeu.
I
»
-1903.
Bxvorti.
87.882
-(-aa,146
337.464
109,170
r 9,035
-1-111,896
10'^,322
8'^,08t
-|-l:t,lB9
SJ.ISO
-t-».869
89,240
8S.7W1
ToUl
789,191
394.949-1-194.812
»*ld and Uold In Ore.
Jan.-Marob.
'J,e8i
April
1.708
-f 13.085
9.113
40.454
18.607
-fai.847
14.488
Jane
l!i.608
July
Total
-5.762
8.896
1.340
1.463
a.7e8
4.681
May
7*6.987
«
-I-
75,822
73,689
73.115
79.148
105.748
-(-;J3.848
-t-ao.ess
-I-1W.12&
-)-9.«43
535^0 +r9 7,497
+9,834
5.739
1,866
1.497
4,087
1.094
2.844
1.968
393
7.S8t
H-9.740
-f4.487
»
as 1.T16
15.078
-I-S57
.
J)m«m.
Imvortt.
«
364,038 +l'i7.Kll
91.SS0
i\Ay
-t-979
-H71
-3.896
-1-0,290
28.161
14,782
11.762
6,480
2.051
1,947
1,802
2.S77
(-1.448
4-1.806
14,497
+1^708
-fl 3,879
Silver and Hllver in Ore.
11.181
Jan.-Marob.
Beaumont, Texas, suspended on Wednesday the 19th inst., and National Bank
Elxaminer J. M. Logan is now in charge of its affairs. It is
Citizens' National
LXXVII.
[Vol.
of
April
'J.630
May
'J.148
June
1.867
3,015
July
4,669
1.668
1.613
3,061
-496
il.664
-1-461
3.741
3.785
3.250
3.678
12.546
-(-7,976
26.200
-^982
-1-585
-t-5.3St
-HI 690
-(-1.888
'
stated that besides absorbing the capital of $100,000 there is
a further impairment of about $180,000. The bank has been
in operation a little over two yenrs, having commenced in
May 1901. It is reported that President R. Oliver has ordered the closing of the several other banks in the State in
which he is interested until the affairs of the Citizens' National have been straightened out. The institutions are
small ones, located, it is stated, at Barron, Frost, Groesbeck
and Hubbard.
— Although the details have not yet been definitely settled,
expected that about September 1 the Colorado Title &
Trust Company of Colorado Springs will consolidate with
the Colorado Springs Trust Company of the same city. Each
company has a capital of $350,000.
it is
—The officers of the Farmers' & Merchants' National Bank
Los Angeles, Cal., realizing the need of additional capital,
have decided to increase the amount from $1,000,000 to $1,600,COO. The proposition was approved on the 10th inst. by
of
the directors, whose plans provide for the issuance of the
5,000 new shares at a premium of $100 each, or $200, which
will permit of a similar addition of $500,000 to the surplus.
One-half of the proposed issue will be allotted to existing
stockholders in proportion to their present holdings, the other
2,500 shares being held for clients whose admission as stockholders will prove advantageous to the bank. The directors
also arranged to purchase from President Isaias W. Hellman
the southwest corner of Fourth and Main streets. The consideration is said to be somewhat under $200,000, Some
$200,000 or $250,000 will be expended in the erection of a
new heme for the bank on this site. It is the intention to
confine the building to two stories and to use it exclusively
for the bank's purposes.
Work will probably begin on the
new structure within sixty days.
—
The San Francisco "Commercial News," under date of
the 11th inst., quotes Mr. O. J. Woodward, President of the
First National Bank of Fresno, Cal., as saying that he has
added largely to his holdings of stock in the bank; also that
Mr. William H. Crocker, President of the Crocker- Wool,
worth National Bank of San Francisco, has acquired a large
block of the stock, so that control is held by these two gentlemen.
—Mr.
G. E. Bittinger has resigned as Cashier of the First
National Bank of Riverside, Cal., to become Cashier of the
Los Angeles National Bank of Los Angeles.
—The
officers
of the Seattle
National
Bank
of Seattle,
Wash., since the consolidation with the Boston National
Bank of Seattle, particulars of which have previously been
given in theae columns, are President, E. W. Andrews;
Vice- President?, HermanCbapin and John B. Agen; Cashier,
S.
Foster Kelley.
IMPORTS AND EXPORTS FOR JULY,
Total
4-
20.621
— Bzoess of Imports^
Hxoessof exports.
We
aubjoia the totala for merchandiae, gold and
silver for the seven months since Jan. 1 for six years.
MIBOHAKDISI.
Sevtn
atoi.
BxporU. Imports.
OOLD.
Exeest
Ex-
of
Exporti ports.
»
1
t
i
1903. 789.191 5'»4,Q40 194?42 40.464
1902. 726,9^7 535.490 191497 28.161
1901. 83l.80fi 500,623 3i47-2 32.3He
19<'0. HI 2 488 .iO3.07'- 30911* 33,713
18JI9. ti87,«M 448.549 239398 3(1.160
IS-I^. 694.^67 377.815 3 1 6H^2 7,723
•
SILYIB.
Excus
Imports.
of
Ex-
Imports ports.
1
t
Imports.
Bxetss
of
Ex-
port*.
•
t
21.84- 20 531 12.646 r,975
13,8-9 26.^0(1 14977 11.703
20 004 12.8(1? 32,272 17.60 14.670
27.S81'
5,83. 33 284 22 193 13.091
3.8-e 31.18 17,16i- 13.966
26.283
9.>,1!38 87.515 29 483 13,547 13 986
18,607
14,78.
Excess of Imports.
Similar totala for the
month
of July
make the
fol-
lowing exhibit.
MlBOHANDISB.
aOLD.
BlLTIB.
One
Honth. BxporU. lm9ort$.
Bxc*$t
of
ExporU
1
1903.
1 902.
t
91.639
88.701
(901 109
482
.900. 100.453
i899
94 9^6
1898.
72626
t
9.369
82.180
79,148
9.648
73.0-2 36 3-0
63.660 30.7W8
60.102 34.824
50.9H4 21.S41
Bx.
Im-
ports.
ports.
1
t
9.1 8 4.681
7.884
1,694
2.87 ^ 4,076
3.873 11,883
2.608
2 696
1,49;
2,642
<
Bxctss
of
MX-
Im- Bxcut
BxportD
ports.
ports.
ports.
1
»
3.015
3.672
3.888
4.914
t
4,0('8
3.664
2.877
2.688
3,344
2.788
t
461
1,SOO
1.876
1,570
1,871
4,t-86
2604
2,281
4.487
0,890
•1.801
*r.99
*289
•1.145
Bzoeas of imports.
In these tables of totals, gold and silver in ore for
all the years are given under the heads respectively of
gold and silver.
The following ahows the merohandise balance
for
each year back to 1876.
Z0BS8 OF HBB0HANDI8B IMPOBT8 OB BZFOBT8.
1 month ending July 31—
7 months ending July 31—
1876
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
ItnportB.
ExportB.
Imports.
Exports.
Exports.
Exports.
ExportB.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Exports.
Imports.
Imports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
f 3,677,266 1875
9,236,241 1876
2,41«,070 1877
10,662,781 1878
9,644,349 1879
13,710,587 1880
10,610,936 1881
Il,187,3i7 1882
4,096.846 1883
513,032 1884
3,362,624 1885
2,85.'V,0'i6 1886
7,197.314 1887
14,1?>7,356 1888
19.528,719 1889
23,114,472 1890
4,373,142 1891
7,3«8.268 1892
6,927,790 1893
12.687,8!iO 1894
16.484.057 1895
15,609,237 1896
17,4,^9.209 1897
21,540,668 1898
34,824,426 1899
86,793,115 1900
3^^,370,075 1901
9 642, "'68 1902
9,359,013 1908
Imports. ig25,472,478
ExportB. 59,300,024
Exports. 35.480,843
Exports.166, 517,286
Exports. 124,680.960
Exports. 44,874,081
Exports. 108.610,902
Imports. 50,624,367
Exports. 41,986,173
ExportB. 10.242,803
ExportB 61,951,060
Imports. 3,833,824
Imports. 34.287,441
Imports. 75732,756
....Imports. 60,183,976
Imports, 41,836,835
Iiu ports. 17,684,718
Exports. 40,157,149
Imports. 62,872,231
Exports. 59,182,709
Imports. 21,219,092
ExportB. 90.565.677
Exports. .*4, 391. 108
Exports, 316, 821,427
ExportB.239,398,180
ExportB 309,408,206
Exports 324,781,598
Exports 191.496,774
Exports. 194,242,824
July, and from it and from prevloua atatemente
we have prepared the following intereating aum-
IFrom oar own oorreBponaent.J
London, Saturday, Augnst 8, 1903.
There is general satisfaction throughout Europe that the
conclave aeaembled in Rome for the election of the new Pope
BO soon terminated its labors, while their choice in itself also
gives satisfaction. Of Pins X himself hardly anything is
mariea.
known
The Burean
the
of StatiaticB at
atatement of
the
Waahington haa issued
country'a foreign trade
for
outside Italy, and until the result of the ballot
was
:
.
August
22, 1903.]
THE CHRONICLE.
annonnced he was hardly regarded as having any serious
chance of being elected Pope. As so often happens, not
only in ecclesiastical bat In civil affairs as well, what the
sporting papers would call a dark horsa will often CDme in at
a finish when the rival claims of better known candidates
prove irreconcilable.
Although, as already said, but little is known of the cew
Pope personally outside Italy, judging from the cable re
ports that have been received he should make an eminently
good Pope from the non Catholic as well as from the CathBefore his election he held the exalted
olic standpoint.
Archbishopric of Venice. All accounts of him report that,
while taking reasonable interest in political affairs, as a man
holding a great and conspicuous position must naturally be
expected to do, he endeavored to his utmost to devote his
time to the actual duties of his calling rather than in trying
If Car
to turn his spiritual office into a political machine.
dinal Sarto, now translated to Pius X,, follows this line of
policy in the exalted office he has now attained, it will be eminently to the benetit of the Catholic Church and to the
Catholic and non -Catholic world alike. Of course, as reported at the time of the late Pope's death, the election of an
Italian Cardinal was felt to be inevitable.
Nor was it ex
pected that as yet at any rate the claim to temporal power
would be abandoned, All that can reasonably be asked is that
the "Papal Courier" should let the matter remain as much in
the background as possible, hoping that hereafter a time
may come when it may be definitely abandoned. The real
claim of the Pope to the veneration of those of his own faith
and to the esteem and consideration of the non-Catholic
world rests simply upon the fact that he is the head of one
of the oldest Christian churches.
The acceptance announced this week by cable from Calcutta by Lord Curzon of a further term of office as Viceroy of
India offered to him by the Imperial Government has been
exceedingly well received in this country as well as in India
itself if we may judge from the cabled reports.
When Lord
Curzon took office as Viceroy, India was suffering from
Dlague and famine. Daring the last two years she has to a
large extent recovered from the effects of these terrible
scourges. Lord Curzon, it is believed, has various schemes
on haad for the economic improvement of India; and certain
It is that there is a very wide field open in this direciion.
The railway system of India, for example, is quite inadequate for the size of the country and the magnitude of its
population. Oa the question of irrigation, also, there is much
to be done, and it is hoped that before Lord Curzon's second
term comes to an end a beginning at least may be made
at enabling the Indian people to help themselves in this
direction.
Business upon the London Stock Exchange continues very
and markets for the most part have been very flat
throughout the week. This is due to various causes, but
mainly to the continual selling by America. The one departinactive,
ment
is
market which shows some sign of improvement
that for South African mining shares. There is a growing
in this
impression that in the Transvaal common sense will at last
be allowed to prevail. Amongst a certain section of the population of the new colonies, many of whom were far from
being our best friends during the war, there is a decided unwillingness to admit Asiatic labor into the country. On the
other hand, it is conceded that the labor available is insufficient to develop the Transvaal mines, and that upon such
development the future of the colonies depends, There is
considerable distress, and business is naturally very depressed. And the feeling is growing here that the logic of
facts will before very long have its influence upon those who
cannot develop the mines themselves and heretofore have
been unwilling to let any one else do so.
Last week applications for 50 lacs of Council drafts exceeded 6,000 lacs. This week the applications declined to
216 lacs. In both cases the prices tendered ranged from
Is. 4d. to Is. 4 l-32d. per rupee.
The falling off in a single
week is very considerable, out it will be seen that for all
practical purposes the small figure Is as useful as the larger
one. It ib in this eecss regarded by the Council, who agaiu
offer 50 lacs for tender next week.
At the correspoDdlDg
date of last year the Council offered only 40 lacs and the ap
plications for some 900 idcs were sent in. The price was
then Is. 3 29-32d. to Is. 4 l-16d. At that date drafts to the
value of some A% millions sterling had been disposed of, while
during the current financial year the Council has already
sold drafts valued at 6>^ millions sterling.
381
The following return shows the position of the Bank of
Bank rate of discount, theprioe of oonsols. &o
compared with the last three years
'!]agland,the
:
i»os.
Am.
1H08.
Aug.
e.
S
ira«latlon
6288,Ht11
8W.V»7 0J»
*abliedepolltl
)tber depoilti
lOTernment iooarltlei
IB
S'tH.ttlia
AbaiMon.botbdepartm'ti. 85u24.t80
*rop.reierTe o Itabllltlei.p.o.
lank rate
peroant..
oDjoit, 8M per oant
80,6S2,S16
7.ac59l3
lOriM.SHO
88 059 358
ln,2o .kTB
V!04.4.»1«1
26.7'<JH 43(5
Sm.hSMU
VSt-SxhtH
>l8fl7.,B73
SB B.SO.llS
28UI8,H24
17.621090
8
9J 18-16
nwer...
8
iitTi,
aiii^a.
laarlns-Hoai* ratarni
nijii.
176,760.00
176,49^.000
8.
M
S^RS^KIO
10,lt'.J4,8'<'0
86,6 8,103
4»>i
4WH
Aug.
7.
SO.SIVSBO
7.U9iH><
4I.8HI 640
IflBHaH'H
£50>26<7
V8108311
)tta«r ••oarltlei.^.
t««erTe of noiei and ootn
Join
815
80.0'>1
leoo
1001.
Aug.
i
6.
k.
498-10
80,42H,0US
SCi^
s
98 6-ia
2fli5-iad.
lesOift.'OO
es 1-16
284
4
14S,115,000
Messrs, Pixley «& Abell write as follows under date o'
August 6:
Gold— The demand has not been so keen daring tho last few days for
gold, but all arrivals have ho far found buyers for tlie Oontineni. The
ouly moveoionts at thH Bank are au arrival of flS.OOO from South
Africa and a withdrawal of £20,000 for South America. Arrirals:
Inrtla, £113.000;
West
(1ap«»town, £240,000; Australia, *21,OiiO;
Indies, £>t,000; Chile, £ <,000. Total, £387,10 ). Shipments: Bomil,
£
10,000
Tot
£54,000.
bay, £4^,000; Oolomb», £2,000; Oaloatta,
Silver— The silver market continued tlrm with rather better quotations until yesterday, wh«n the annaiinofment that the Paris Mint required Ks. 60,000 for delivery by the 22il OotDber caused prices to advance sharply to 2.5'«d. for cash and 25i4d. for forward delivery. Today, however, In the abeoaoe of buying orders and on some American
seilinK, prices gave way ^d
but the market closes steady. The
Indian rate Is Rs. 65 1<. Arrlvalc: New York, £137,000; Australia,
£i.o00; West Indies. £35.000; Chile, £2.000. Total. £ 178,000. 8hlp.
Bombay, £30,000; Oaloatta, £10,000. Total, .£40,000.
Mexican Dollars— There has been some enquiry for these ooln and
the Closing quotation la 25i)ed per oz. Mexican exchange has been
very Arm and well over the London parity, so business has been dllQOQlt. £73,000 has come from Kew York and£38,100haa been shipped
ui*»nts:
to the Straits.
«na;ii«M Flnanslal MarK«ta— Par Gabl*.
The dally closing quotations forseourltlea,eto.,at London
4re reported by cable as follows for the week endlna: Aug. 21
LoHson.
gat.
per oimoe
a.
251s
ionBol8.,new,3% p.ote. 90 Be
For aooonnt .......... 90SVi
rr'ch renteedn Parle) tr. 97-75
silver,
inaoond* Mining
.............
Juiftdlan Pacltlo
...
Jheeapeake & Ohio
;hloa. Great Western..
do Preferred.
common
_..
l8t preferred...
Sd preferred
•UlnolB Central
64
91^
85
S8is
129^1
34 14
1714
Preferred....
National RR. of Mex.
Preferred
*.
Y.Oenf 14 Hudson..
»,
r. Ontario
West'n
& Western
Do
do
Uorthem
•Phlla.
• Phlla.
•Phila.
di
pref.
Securities....
A Bead
A Read. ,1 St pref.
& Read., 2d pref.
'ODthem Pacinc
Railway, com.
lontli'n
Preferred...^.
.
fnlon Paolflc
Preferred.
I. 8. Steel Corp., com..
Do
do
pref..
Vabash
Do
Do
preferred
Deb.
78
29»8
69
54
138 >«
U)mBvllle & NaahvlUe..
tfezloan Central
4o. Kan. & Tex., com..
Norfolk
257ie
903,6
"B"
ire*.
Thun.
2538
906,6
251a
90»i8
90»8
90^
900,6
97-72ia 97-62ia +7 50
&
Do
251a
90 «a
Jhlo. MU.
St. Paul... 148
>en. &B10 Gr.,oom.... 251*
crte,
T'ut*.
9038
4
414
itch. Top. A Santa Fe..
Preferred..............
'laltlmore <b Ohio
Preferred
MOH.
no
1514
20
42 ij)
43
128i«
24 >«
651a
88)«
9>i«
2838
411a
361*
47i«
2269
851a
78
871a
241a
74I2
221a
871*
621a
63-8
92»«
6418
92ia
85»8
85^
90
l2&%
90
128
36I4
33%
17%
I8I4
148
150
26 >a
80
24^8
79 1«
31
69%
70
65
531a
138
110
63''8
6216
63%
92%
92
92
851a
84<a
90
90
127S8
3414
171a
146
801a
3018
7918
109
I514
20'8
I5I3
2il4
43
46
44
43
4II4
127 13
261*
651a
881a
39
41%
128%
25i«
66
8*
6470
89
90%
91i«
2838
411a
29
42
36
48
23 Te
36
461a
22%
8rti«
89
24i«
74
2518
75»«
221a
361s
62ig
39
63
23ifl
301a
69 14
53
1371a
108
15l«
2018
20>fl
42%
4lla
127
1251a
24
241a
64%
64%
90i«
901a
92
90 »a
91
28%
28
28''8
42
411a
85>«
4518
41%
35»«
871a
7914
78
89
79
621a
137
107
15
15ia
2114
42
129
25
147
25
29
68 14
63ia
138
10
85ie
891a
12888
341a
1714
25
69 •«
13Uifl
901318
97.^2l«
8^8
S-'e
l£8i8
3588
I8I4
14813
26I4
Sl-'e
25lfl
90%
50
.47
4
418
fri.
35ifl
47 18
24
87 13
78
861a
86
76%
77%
881a
241a
23
28%
74 »•
72%
7314
2iia
3713
23
36
61
22%
36%
4638
2414
23
88I3
881a
64
62
Prtnp per share.
WoxntixtxcmX antX pXisccUaweousU^ius
DIVIBEN
Na/m« of Company.
KallroBda (Hieam).
Mexican Northern (qnar.)
^*treei Kallwara*
C^ifornla 8t Cable, San ^ran. (mthly)
Presidio & Perries, 8an Frau. (mthly).
IVIaoellannaus.
American Steel Foundries, pref. (qu.).
Associated Merchants, com (qnar.)
Bo'den's Condenaert Milk, pref (quar.)
Calumet* Hecla Mining
iijuar.)
Geuoral Chemical, com. (quar.)
Milw. & Chic. Breweries, Ltd., pref
National Pireprootlng, com. (quar.)
National Lead, pref. iquar.)
Railway Steel Spring, pref. (quar.)
Standard Oil (quar.)
Welsbach Compaoy
DM.
Per WTien
Cent Payable
la
760.
200.
Sep
a Holders of rec.
Sep
m Sep
I'll
Sep
Sep
Sep
Sep
I'll
Aug
1'4
1»4
Sep
Sep
$5
2
1
Sep
Sep
Aug 26
Sep 16
to
1
Sep
to
15 Sep 7
24 H.-lders of rec. Aug
Sep
to
1 Aug 23
Sep
to
16 Aug 2ii
25 Holders of reo. Aug
Sep
to
IS Aug 29
21 Sep 11
1
15
20
16
Aug 21
Angle
reo.
rec.
& Son
16
23
Sep 21
to
15 Holdera of
2 Holders of
Aactiun Haies- By Messrs, Adrian U. Muller
.
Slocks.
Siocks.
15 Nat'l Surety Co. of N. Y.lOO
216 New York Steam Co. and
*^72 scrip
*1001ot
lOOranfte DlotlUed Water
Ice Co
$1 lot
195 Metropolitan Motor Oar
Co
Aug 36
Aug )2
Aug 16
1»4
$10
Books Closed.
(Days Inclusive.)
f 4,000 lot
1 Clinton Hall A8B0clat'n.$45
226 N. Y.
17
N
&
Y.
Harlem
Nat'l
RR
400%
Exchange
Bank
227
Bondi.
$13,000 Penn. Cent. Brew'g
Co. 1st 6b, 1927;
A&O. 69
.
4
i
1
THE CHKONICLE.
382
City Cloariii!; House Hanks.— Statement of
the
week ending Aug. 1">, 1*.'0:>, based on averfor
condition
age of daily results.
He vmit tteo Hpfiers (00) in all cases.
New York
BANKS.
Capital.
Surplus.
Loans.
Upeeie.
Legals.
r
Bk. of N. Y.
Manli.1t. Co
Moroh.iiUB'
Mo.iuuucs'.
America....
Phoenu
...
City
Chonncal ..
Kerch. Ex .
GalUitm ....
But.
i)rov
.^Tra.
\-
Meoh
Greenwich.
Leath.Mtrs.
Anior.Kxch.
Commerce..
Mercantile.
Pacitic
Chatham
...
Peoples ...
N. America
Hauover
...
Irvine
„
Citizens'
Nassau
Kar.&
Fnlt.
8Iio«&Lthr.
Com
Kxch
Oriental
Imp. it
...
Trail
Park
Kast Kivor
Fourth ....
Central
Second
First
N.Y.Nt.Ei.
Bowery
...
N. T. Co...
German Am
Chase
FUth Ave..
German Ex.
Germauia ..
Lincoln
Gartleld....
Fifth
Bk. ofMet..
West
Side..
Seaboanl
New
Amst.
Astor
Weatern
Total
t
16,731,0
lS.i;S9.0
l.-loT.-J
11,502,0
12.214.0
19.860.6
4.124,0
138,230.
23.230.0
4,990.2
7.926.0
2.091.3
3.924,0
1,912.3
4.330,5
28.850.0
73.792,4
23,236.4
3.218,7
5,790,3
2,333.2
14,940.2
43,660,3
6.092,0
7.198,9
2,711,7
6.059.4
5,198.4
24,935,0
5,302,5
22.408,0
55,960,0
1,205,1
15,879,2
9,084,0
9,371,0
74,661,8
6,419.8
2,735,0
4,269,3
3,472,9
34,643,3
8,714,2
2.841,5
2.920,8
10.572,1
7,047,2
2,391,7
7,280,8
3,302,0
11,361,0
3,911,0
9.182,3
4,161,3
5,683,3
4,800,0
60,992,7
S.JT.t.'.
S.M
'.1
15,SJS.4
300,0
600.0
7. -159,1
336,6
2,148,3
111,6
360,8
515,7
554,3
3.781,4
8,067,2
4,459.6
588,6
1,079,2
300.0
700.0
500,0
600.0
5,000,0
10,000.0
3.CK)0.0
42-J,7
450,0
200,0
2,000,0
3,000,0
1,000.0
1,550.0
500.0
1,000,0
1.000,0
2,000,0
600.0
1,500,0
3,000,0
250.0
3,000,0
1,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000.0
200,0
.S93.6
2,070.6
6,398,8
1,072,6
671.0
304.0
1,211,7
363,2
3,320,8
842,8
6,626,6
6,867.4
156,9
2,964.5
611,2
1,281,6
13,174,1
886,0
773,7
635,0
493,8
3.690,5
1,643,1
65S.8
849,8
1,284,1
1,301,3
375,0
1,413,0
509,6
1,313,0
575,9
-.00,0
..
N.Y.Pr.Ex
2,.«e.\5
2.:>7(!.i>
e.Tii^!,.-.
1,000,0
300,0
1.000,0
1,000,0
500.0
l,8.i8.0
486.5
592.6
508,4
3,267,0
350.0
10,000,0
... 110,4122,7
^
2,537,0
5.800,0
•S
•J5,000,0
IstX.Kklyu
Liberty
*
*
2,000,0
2.050.0
2.000.0
2,000.0
1.500,0
1.000.0
3,1. .8,6
2,287,0
3,619,5
767,0
22.669,3
4.S69,3
901,4
936.3
552,2
256,0
536.2
82 3.0
4,019.0
11,141,6
2,552,6
263,5
888,4
125.5
1,862,8
10,395,9
1,125,0
1,311,7
880,0
1,125,4
1,326,4
4,275,0
494,6
3,306.0
11.257.0
74,2
3,003,8
1,321.0
1,307,0
14,204,1
906,1
373,0
724,5
659,1
12,801,3
2.287,4
185,0
417,8
471,1
1,265,2
410,6
1,450,4
4.>9,0
2,305,0
352.0
1,897,4
1,020,5
872,3
850,0
16,019.9
$
ve.
f.C.
15,670.0 27-4
23.260.0 34-1
$
1,769,0
2,151.0
1,102,0
1.402,0
2,255,3
18.726,>'~
;ao
12,584.0 29-4
21.657.4 26-6
353.0
3.912,0 28-6
8.461,1 122,989.9 2i>-3
l,i'77,0 22.3.S1,C 28-3
r.o7.1
5,375,4 J 7-1
570,2
5,468.9 27-6
45.0
2,471,0 241
414.0
3,735.0 17-9
307.0
1,779.4 4V-3
392.5
4.252,7 28 5
2.146,0 22,751.0 27
6,985,6 62,004.H 27-6
1,236,2 18,655,6 20-3
499,0
3,787,9 201
926,4
6,970,7 30-4
400,9
2,448,2 2-1 -4
1,650,1 11,982,0 29-3
7,164,8 54,557,7 321
333,6
5,452,0 26-V
r.65,8
7,782,6 24311.5
3,105,4 J 2 -2
626.4
6,051,0 28-9
168.1
6,979,6 261
3,242.0 29,798,0 25-2
825,6
4,841,2 27-2
1,195,0 19.102,0 23-0
6,033,0 62,371,0 26-1
171.9
1,206.9 20-3
2,977,5 18,323,3 32-6
736,0
9,754,0 210
1,156.0
9,927,0 24-8
2,546,8 61,248,6 2 .•3
475,5
6,447,0 25-3
239,0
3,033,0 201
362,2
4,545.1 23-9
19.S,6
3,367,0 20-4
2,367,5 45,011,0 33-6
209,4
9,579,b 26-0
596,4
3,170,1 24-6
625,3
4,641,6 22-4
2,128,1 10,895,0 23-8
311,0
6,824,3 230
153,5
2,368,8 23-8
437,8
8,150,(1 23-1
338.0
3,525,0 23-4
1,622,0 13,458,0 29-1
620,0
3,906,0 24-9
240,0
7,745,5 27-6
282,3
4,266,8 30 7
397,2
5,832,2 21-7
255,0
4,770,0 23-1
3,253,4 66,485,4 28-9
129,681,2 908,345,6 170,630,9 76,766,5
t
New York
City, Hoston and Philndelpliia Biinlis.— Below
a siimmarv of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York tigures do not include results for non-member banks.
is
We omit
Deposits Res'
9033353 27-3
Total United states deposits included $37,235,500.
—
Reports of Non-Member Banks. The following is the
statement of condition of the non-meraber banks for the
week ending Aug. 15, 1903, based on average of daily results.
We omit two ciphers (00) in all cases.
[Vol. LXXVII.
Capital
Surplus.
<.i
B.\NKS
Loans.
Sur-
OOa omitted.
tal.
plus.
Net
Leg. T.
Invest-
ments.
Specie. dtHank
Clear'y Other Deposits
Notes. Agent. Blcs.&c
N. Y. Cnr.
Boroughs of
lia-nAIiT'nx
Colonial
Columbia
.
11.5,0
..
300,0
100,0
<^MUi.<ir(r.n.
..
Mt. .Morria
Mutual
19th Ward .
Plaza
Kiverside ..
Btaie
12th Ward
23d Ward ..
Yorkville ..
.
Fidelity
Vanck
JeQerson
Century
Wash.
..
...
Harts
United Xat.
Borough
$
207,4
271,5
14th Street.
UamUton
.$
100,0
300,0
100,0
200,0
200,0
250,0
200,0
200.0
100,0
100.0
100,0
200.0
100.0
100.0
200.0
100.0
400.0
100.0
100,0
1,000,0
..
l(i2,6
57,1
120,8
11-2,5
191,7
194,6
239,4
108,3
492,4
99,1
1.947,4
3,341.0
1,690,2
1.732,9
2.290,7
2,082,4
2,241,8
1, -284,9
2,740,0
1,104,6
6,664,0
1,451,0
$
40,4
160,0
83,9
27,3
122,0
94,6
22,7
24,6
195,0
14,9
424,0
40,0
93,6
265,2
113.2
1,-255,6
1,803,3
609,3
51,9
30.0
9,8
60,4
116,6
203,6
830,7
1,829,8
325.1
590,1
1,934.4
4,3
6.8
4,3
11,1
316,9
165,0
20,0
531,3
391,7
1.944,0
1.473.5
370,0
2,977,1
6,440,2
239,6
53,2
186,4
$
241,5
106,0
68,9
107,2
91,6
98,2
176,2
123,0
178,0
78,1
239.0
204,0
151,6
171.5
39,4
70,6
63,4
21,8
21,8
64,1
$
181,2
3,0
28,0
100,0
54,2
77,2
50,7
437,0
5,0
30,1
165,-.^
1,8
38,8
82,7
'ii,i
167,3
56,2
51,5
102,4
5
20,3
2,457,0
3,327,0
1,S28,5
1,831,1
2,47ti,4
2,565,0
2,379,6
1,551,3
3,056,0
1,129,6
7,173,0
1,789,0
1,498,5
1,880,1
542,9
882,0
1,445,9
2,--7,
452,3
1,122,5
of
Brooklyn.
Broadway
Brooklyn
8Th Ward...
Mfra.' Xat..
Mechanics'
Merchants'.
Nassau
Nat.
.N'al
500,0
lOO.O
300,0
4.5,9
>«89,8
7,6
3.5.')6,i.
200,0
160,0
70.3
86,4
778,2
972,3
76,6
106,4
400,0 1,039,8
300,(i
.-.iile.
100,0
100,0
100,0
200,0
200,0
IIW.O
200,0
Peopl' -^
17 tl: Ward .
8praj(u';Nat
Union
WaitalKiut
.
Borongb ...
Borouyh ol
5,5
320,5
134,9
653,9
695,0
165,7
160,9
83,0
268,2
122.3
..
';ity
North
25-2,0
12,0
98,1
2,89'.i,0
877.3
1,267,2
617,4
924.2
1.323.9
12,0
60,5
,,'^''^
114,5
43,4
32,3
156,0
67,7
30,0
85,3
433,1
50.0
417,0
215,0
57.2
83,1
60,9
382,0
184,0
26,0
16,0
46,0
478.2
389,4
93,2
605,0
306,0
46.0
95,6
40,0
10,1
•28,0
103,0
190,5
65,0
13,6
78,0
164,1
41,1
66.1
18
(.2
2,158,0
1,542,9
432,0
3,412.2
6,295,2
952,7
4,014,0
3,111,0
52,322,0 1S!4,,502,0
16,304,0
62,32'2,0 184,618,0
15,94'2,0
6'2,32'2,0
15,886,0
185,084,0
44,764,0 184,515.0
44,764,0 is;!.'_>78.0
44,764,0 183,674.0
8,7
547,7
713,1
21,8
36,3
15,0
10,0
78,9
190,0
28,7
609,5
740,2
4,842,2
192.2
201,6 1,577,3
370,1
6,891,5
33,7
742,6
876,1
Jiichmond.
Bk. ot.M. Is
l8tNat.,.s.t
25,0
100,0
Hnd.'jou (Jo
Nat.,J.C.
2d.Vat.,J.C
3dXat.,J.(;.
Ist.N't., Hoi)
2d Nat.. Hob
12.5,"
639,2
290.0
270.6
522,7
142.8
2,331.7
i,ii;i.7
1.087,1
2.598.2
1.083,7
80.9
66.6
43,9
128,9
33,3
64.9
17,7
70.4
2H,2
42,1
121.8
104.4
457.4
136.4
68,3
10,3
43,7
69.1
24,9
11.4
Ann
ToUAng
205,773,0 11.312,0
203,2.s6,0 11.306,0
204,7.xO,0 11,327.0
6'2,270,0
—
Imports and Exports lor the Week. The following are
New York for the week ending for dry goods
Aug. 13, and for the week ending for general merchandise
Aug. 14 also totals since beginning first week January.
FOREIGN IMPORTS.
;
I'or week.
TotaL
Since Jan.
1902.
1903.
Dry Goods
General Merchandise
1901.
1900.
$2,538,900
7,737.496
$2,677,192
7,058.608
$2,012,680
10,117,382
$1,957,916
6,314,686
$10,276,386
$9,735,800
$12,130,062
$8,272,601
$86,791,826
295,582,972
$79,202,370
272,094,948
$66,820,427
288,462,090
$78,026,31*
269,649,580
1.
Dry Goods
General Merchandise
Total 33 weeks
$382,374,797 $351,297,318 $355,272,517 $347,676,894
imiKjrts of dry goods for one week later will be
in our report of the diy goods trade.
The
found
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending Aug. 17, and from January 1 to date.
EXPORTS FROJt NEW YORK FOR THE WEEK.
specie)
1903.
For the week
Previously reported..
Total 33 weeks.
1901.
1900.
$9,452,826
322.659,815
$6,857,787
334.628,643
1902.
$8,478,791
.$8,236,016
302,.^48,852
289,347.251
$311,027,643 $297,583,267 $332,112,641 $341,486,330
Note. —As the figures o£ exports as reported by the New York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending Aug. 16
and since Jan. 1, 1903, and for the corresponding periods in
1902 and 1901.
'
EXPORTS AND IMPORTS OF SPECIE AT
NEW YORK
EXPORTS.
GoI<l.
Great Britain
France
IMPORTS.
Since J an.
Week.
Week.
1.
Since Jan. 1.
.....
$2,929,115
$20,2*89'9*8"i
Germany ................
West Indies
3,076,535
1,731,986
32,487
7,668,312
10,300
$i",2bo
.
All other countries
Total 1903
Total 1902
Total 1901
$432,120 $17,185,880
Germany
West Indies
"i",i36
Mexico
South America
8i;426
1,870,069
2,600
147,724
All other countries
1,447
2,895
3.200
146,982
173,242
402,319
48.059
$10,842
40,856
45,139
$3,694,717
1,681,358
1,791,968
"$526
$44,000
626
$3!3bo
$1,200 $32,809,601
6,007
24,995,710
1,003
29,202,621
SUver.
Great Britain.....
France
"i.zit
26,195
27,398
802,292
173,338
3,464
$28,056
22,625
$1,051,018
841,501
2.383,871
886,460
Total 1903
Total 1902
Total 1901
1514,676 $20,258,559
1,027,104 20,974,230
903,133 30,992,885
8(>,834
Of the above imports for the week in 1903, %
were
American gold coin and $1,861 American silver coin. Of the
exports during the same time $
were American gold
com and $250 were American silver coin.
Aaction Sales.
—See page preceding.
|JauIilti0
and
^—»
1^^—^^
^iixaucial.
Arf^^^^^^^SMM^^A
Spencer
1¥II.I.IAITI
Sc
Trask &
BANKERS,
PINE STUEKTS,
-
Co.,
-
NEW YOKK.
Transact a general banking business; act as Fiscal
Agents for corporations, and negotiate security
Execute
issues of railroads and other companies.
commission orders and deal in
INVESTMENT SECURITIES.
1,878,7
Branch OfHce, 65 state
N. V. Stock Excbance.
Moffat
972,9
1,486,8
2,32^.2
i. 097,4
&
St.,
Albany,
White,
lUembcra Htsw York Stock Excbanee,
1 NASSAtr STREET, CORNER WALL,
Tot.AnglO 8,612.0 101133 77.824.7 3,364,6 4,609.5 8,606.6 2,383.2 83,489.5
Tot.
114,682,3
125.212,9
125,563,3
6,625,0
the imports at
Members
250,0
250,0
20u,u
110,0
6,602,0
6„-)97,0
;
Other Cittes
lgt.\t.,J.<J.
49,488,0
49,803,0
972,0
1,393,1
6.948,0 204,801,0
6,336,(1 -203,657,0
6,063,0 201,(i48,0
104,338,6
111,254,3
97,196,3
t Including tor Bostou ;ind PliiLulelphia the item "duo toother banks,"
and also Government deposits. For Boston these Government deposits
amounted on August 15 to $6,320,000 on August 8 to $6,326,000.
1,37«,7
585,2
98.5
37,8
73,9
1,253,588,6
1,240,665,4
1.249,43 4,2
1,145,184,6
I'liila.
Aug 1
Aug 8
Augl5
943,.5
26,2
46,4
8(;.8
Clearings,
iation.
t
lius.
Aug 1
Aug 8
Aug 15
Mexico
South America
%
•$
279,1
234,0
251,1
101,2
107,5
130,0
145,7
352,0
235,0
63,7
74,0
48,0
98,0
f>e.
l)0Sils.
1
Deposit with
Capi-
Legals.
Specie.
N.Y.
$
$
J-ly25 239,591,6 907,899,7 166,367,1 78,142,5 902,376.8 43,S19,2
Aug 1 239,09 l.t; !108.S64,5 170,738,3 SO.786.2 909.S57,7 43,si;2,(;
Aug 8 240,0,s3.;» !U2.(;',tT,l 171,841 77.813.:; 912,272,5 43,91 ;,9
Aug 15 240,083,9 908,345,6 170,630,9 76,766,5 903,335,3 4J,930,3
"
BANKS.
ciphers (00) in all these flftuns.
tico
8 8.612.0 101133 77.959,1 3,269,0 4,31-2.1 '.t.676.4
270,1 «4,4.58,6
1 8.61'AO 101133 78,609.1 3,404,3 4,203,1 9,oa7,o 2,305,5 04,339,6
Dealers in Investment Securities.
•-i.
TeL
5&20-5881 Cortlandt.
Telephone Stocks a Specialty.
9
5
7
August
THE CHKONICLF.
33, 190S.]
383
oommeroial, 75c. per $1,000 disoount;
|1 ,000 discount; St. Louis, 10c. per $1,000
cisco, 7)^c. per $100 premium.
anhn*s^ (SixzttU.
Chioago, 10c. per
prem.; San Fran-
State and Railroad Bonds.— Sales of State bonds at the
Board are limited to $1,000 Tennessee settlement 3s at 94 J^.
The market for railway bonds has been unusually steady
WALL. $4TREBT. FRIDAY. AUG. >il. t903.-3 F. 91,
throughout the week and increasingly dull, narrow and
The Money Market and Financial 81taatlon.— Outside featureless day by day. With few exceptions the fluctuaafifairs have had little influence in "Wall Street this week.
tions have been unimportant. Wabash debenture Bs were
The advance in prices referred to at the close last week as strong early in the week, but later deo.lined and close with
net loss of 2 points. United States Steel 5s also close 1%
then in progress continued practically without interruption a
lower than last week. Burlington & Quinoy joint 4s on the
until the accrued profits were sufficiently large to induce other hand have advanced a point, and Consolidated Tobacco
In addition to the above.
selling to realize them, and a substantial reaction has fol- 4s have been relatively strong.
lowed. This reaction seems to be of sufficient force to upset Central of Georgia, Rock Island and Union Pacific issues
that the supply of stocks has been very much have been notably active,
For IHtUUnds $ee page
jSi.
the theory
reduced through purchases for investment during the recent
low quotations. There was doubtless liberal buying in small
lots, but the present movement indicates that the supply is
by no means exhausted.
Reports from the agricultural districts indicate that the
harvest is well under way in the Southern section of the
spring-wheat belt and that other important crops are making
The foreign exsatisfactory progress towards maturity.
change market has become firmer during the week and rates
The money market remains
have advanced somewhat.
practically unchanged, except that time loans are a little
more freely negotiated at about the rates which have
recently prevailed.
The open market rates for call loans on the Stock Exchange
darinK the week on stock and bond collaterals have ranged
from 13^ to 3 per cent. To-day's rates on call were H^ to
3 per cent. Prime commercial paper quoted at 6 per cent
for endorsements and 6@6>^ for the best single names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £46o,3'::i8 and the percentage of reserve to liabilities was 47*16, against 49 64 last week,
the discount rate remaining unohangnd at 3 per cent. The
Bank of France shows an increase of 3,925,000 francs in gold
and a decrease of lOO.OOO francs in silver.
The I^ew York City Clearing-House banks in their statement of Aug. 15 showed a decrease in the reserve held of
$2, '257, 8 )0 and a surplus over the required reserve of
$31,563,575, against $21,587,075 the previous week.
Difftrtnots
1903
Aug
from
prnious toMfe
16
1903
Aug. 18
United States Bonds.— Sales of Government bonds at the
Board include $3,000 53 coup., 1904, at 101,^^, and $1,000
The following are the daily closing quotations; for yearly range »ee third page following.
3s coup.. 1908-18, at 106>^.
registered
28, 1930
coupon
2s, 1930
Is, 1930 .smaJ. registered
ooupon
Is, 1930 .small
registered
3s, 1918
ooupon
8s, 1918
38, 1918, smaU.reglstered
ooupon
Ss, 1918, small
registered
48, 1907
coupon
48, 1907
registered
48, 1926
ooupon
4s, 1926
registered
ts, 1904
68.
coupon
1904
'This
Is
Int»r«st
Aug.
Psriods
16
Q—Jan
Q—Jan
Aug.
1?
^;T
Aug.
19
Aug.
2U
Aug.
«
•106i» •lOSHi *106V, •106 V. •106 'a •106>a
*106»« '106»« •106 >9 *106>a '10e>fl •106i«
Q-Be'l) *ib6»i •ioe^ •i06>i •ibe'"^ •ioB'i •ioeii
Feb -106'a •106»a no6»s 106 "5 -ice"* •106'a
Q—
Q— Feb
Q-Feb noa^
Q— Jan "109
Q— Jan •109
Q— Feb 134
*106>« •106 >* •106 >s •106 Hj
»109
*109 *109 •109
•109 •109
*109
'109
>134
•134
•134 -134
Q-Feb *184 •134
Q-Feb •lOHi 'lom
Q-Feb *10l>a •lOlVa
tbe price bid at the morning board; no
•lOeia
•109
•109
•134
•134
•101 >•
•134
•134 •134
•101 >« •101 H. •lom
•lOl"* 101% •101 Hi •IOII9
smu was made.
Railroad and Mlscellaneons Stocks.—-The stock market
has again been irregular, a large portion of the active list having fluctuated over a range of from 3 to 8 points. The volume
of business has been fair, averaging about 850,000 shares per
day, and was well distributed until Thursday, when the market was relatively dull and narrow. To-day's market has
been even less active, and the lowest quotations of the week
were generally recorded.
The tendency of prices was upward until near the close
on Tuesday, when the demand from all sources fell off
and the reaction that followed carried a long list of stocks
below last week's closing prices. The news of the week
affecting values has been unusually meagre, and therefore
the list contains few exceptional features. The maximum,
1901
or near the maximum, range noted has been covered by St.
Aug 27
Paul, North West., Rock Island and Delaware & Hudson
also by the copper stocks, by Colorado Fuel & Iron,
issues
$
81.722 700 Tennessee Coal Iron & Railway, General Electric, New York
96,061.700
It will be remembered
8x4,810.800 Air Brake and Consolidated Gas.
29,039.<I00
that these issues were more or less conspicuous in the up964,629.200 ward movement that was in progress last week.
181.711,100
—
—
100,072,70c
114,637. lot
929.148,0a(
32 10S,10(
960.246.00C
110,422.700
129 681.200
Barplas
Loans <ft disoounts 908.346 600 Deo
Circulation
43,930,300 Ino
•908.835,300 Deo
Net deposits
Specie
170 630 900;Deo
Ii«gal tenders
76.786.500lDeo
4,3B1,S00
13,400
8,937,200
1,211,000
1,046,800
Beaerr-olield
35 p. a ot deposits
247.897.4O0|De0
2aS,8S3,825;D6C
2,257,800
2,234,300
240.061.500
259,579.200
241 157,800
Surplns reserre
21,563,675lDeo
23,500
7,126,600
18,421,900
Capital
170
«3-i,0'»(
76,360.100
247,IS8,10(
77,868,100
$87,236,600 United States deposits Inolnded, against $37,294,900 last
WMk. WiTb thesfl United Rtates deposits ellmitiated, the snrplas reserre
woald be $30,872 460 on August 15 and $30,910,800 on August 8.
NOTE.— Returns of separate banks appear on the preceding page.
*
—
Foreisrn Exchange. The market for foreign exchange has
been stronger this week, influenced by a demand to remit for
stocks sold for European accouLt.
To-day's (Friday's) nominal rates for sterling exchange
were 4 84 for sixty day and 4 86^^ for sight.
To- lav's
(Friday's) actual rates for sterling exchange were 4 8325
@4 6310 for long, 4 8585@1 8595 for short and 4 8625@4 8635
Commercial on banks, 4 829^@4 83, and do<'ufor cables.
ments for payment, 4823^@4 SZ%. Cotton for payment, 4 823^
@4 82%; cotton for anceptance, 4 82% @4 83, and grain for
For daily volume of business see page 392.
The following sales have occurred this week of shares net
represented in our detailed list on the pages which follow.
STOCKS
Sales
WteK Znding Aug. 21
Week
Amer
Amer
Amer
Agrloul
Range for Week
for
Ohem
100
15
Augi5
16
Bangs since Jtm.
Angl6
Steel Ponnrtcles... 2,000 10 AugI7 10 AnglS
Tobacco, pref
25 lS27,Aag2li 132''8Aug20
Cent iSi So Amer Teleg..
100 95 Augl9 95 Aug
Cleve Lor <fc Wheel, pref 100 75 Aug 1
76 Aug 7
Denver* SoutUwest, pt 100 10 Ang20 10 Ang20
(General Ohemical
100 65 Aug 19 86 Aug
Preferred
100 93 Aug
99 Aug 16
Horn Sliver Mining
100 1-20 Aug 15 1-20 Augl6
1
i
1
1
Nat Enani
N
&
stamp
Preferred
y *. N J Telephone...
I.
15 Aug 26»4 Feb
10 J'ly 20 Jan
132''8Aug 169 Feb
'ff'
Aug 96 Aug
«7 la J'ly
10 May
HOW, J an
97
Jan
'20
Mar
72
Feb
Jan
98 -.J'ly 101
1
15 J'ne 125
Mar
620 25 AuglS 25 Aag20 20 Aug 36 Mar
100 88i4Angl3 88'«Ang 8 85 J'ly 98 Mar
60 155 Augl7 165 Aug 7 165 Aug l66i«May
Ontside Market.- Conditions prevailing on the Stock Exchange were again reflected to a great extent this week in
the market for unlisted securities. V dues were depressed
payment, 4 88i^@4 835^.
To-day's (Friday's) actual rates for Paris bankers' francs on Saturday, but on Monday and Tuesday considerable
were 5 19%@5 183^* for long and 5 H^^fSS \%JiX for short. strength was displayed; on Wednesday weakness developed,
Germany bankers' marks were 94 13-16 d)94% for long and and throughout the rest of the week the trend of prices
Dealings in
95%@95 7-16t for short. Amsterdam bankers' guilders were generally has been toward a lower level.
Northern Securities stock have been on an unusually small
89 ]5-16@39 15-16^ for long and 403^*@40!^ for shjrt.
Exchange at Paris on London to-day, 25 f. 14)^@i5c.; scale, total transactions aggregating, it is estimated, only about
6,500 shares. The price moved down 1% points e^irly in the
week's range, 25 f. 15 c. high and 25 f. 143^ c. low.
w eek to 88%, but on Tuesday it recovered to 90i^; later it
The week's range for exchar ge rates follows
affain reacted to 87?^, and to-day, after selling at 89, closed at
-Short-CmbUt.-ionjr.88^.^. Seaboard Air Line common fluctuated between 21^^ and
BUrling Aetu^i—
9 4 83S0
a 4 8595
Hlfb... 4 8326
4 8625
4 8636
4 8585
2H% and closed to-day at22i^; the range for the preferred has
IiOW.... 14 83
9 4 «316
» 4 8685
4 8615
4 8605
4 8675
been from 34^^ to 37, with the close at 35. Standard Oil gained
Pari* Ba,nic*rt' Francs—
5 points on Saturday to 6 5, but on Monday dropped to 601,
Hlcb... 5 193$
5 18'4*
5 17>,t asie^it
I«w.
6 193s
«5 17>a
6\i\subsequently rallied to 612J^ and ended the week at 6 6. An
emrwMfi- BanlMTS' Marks—
incident of the trading was the activity displayed by Ameri94m , a 94'b
High...
9538
« 957iet
can Can preferred this stock early in tbe week advanced
U>-»....
94i3ig ® 947,
>4
«
96
95618
from 385^ to 45, but later reacted to 4li^; the common adAmtterdam Bankers' ffvildtri
High...
3«"i6 • 39i»,a1
vanced from 49^ to 55^, then lost a point to 43^, and to-day,
40k* » 4OJ4
39i»,8 «
Low....
40'«* ® 40»*
891&16T]
after selling up to 5, it closed at 434^. Hackensack Meadows
Less: * he 01 1%. t iw ol 1% i '»t of 1%. Plus: 1Ili6 0tl%. •*l8«0fl%.
dropped from 7?.^ to 5>^, and to-day rallied to 63^. ConsoliThe following were the rates for domestic exchange on dated Lake Superior common declined from '6y^ to %%,
New ifork at the under-mentioned cities to-aay: Savannah and the preferred sank from 11 1^ to 8^- Greene Consolibuying 50o. per $1,000 discount, selling 75o. per $1,000 dated Copper moved down from lOJ^ to 18?^ early in the
premium; Charleston, buying par, selling $1 per $1,000 week, but subsequently rallied to 19^-^.
premium; New Orleans, bank, 6O0. per $1,000 discount;
Outside quotations will be found on page 392.
:
I
I
|
'a)
I
I
I
'31
\
I
I
I
I
;
I
I
I
I
I
I
,
S
New York
Exchange— Stock
Stock
(ICCUI'YlNtJ
Record, Daily, Weekly and Yearly
TWO PAJJES
STOCKS— HIOJtEST AND LOWhSl SALE PRJCES
Baturiiaii
Aug. 15
61
Aug. 17
29
33
60
03
•2S
•67
1%
sy
fi' Si
Si's
ti^""?
^s
45 >o 47^4
180 130
8t(
Tufsiiav
H't'dnesiiay
I'/iitrsday
Aug. IS
Aug. ly
Aug. 20
33
60
•2S
35
60
•67
57
61\
63^4
8>S38
82:>K
.S'J"*
62 '8 65
89 4 9034
833^
,-3
87
4>
130
1
..
4 88 4
V 85
^7-'4
S734
47\i 48 7^,
13-43413434
48 V|
135
*
145
124>sl26
28
•23
•57
33
60
•57
60
89
82
87
90
84 >4
44=8
Friday
Aug. 21
2S
57
S3
60
594 62
88 4 89
6338
8734
8li8
87
47.V.
434
133
140
STOCKS
60;%
88=8
81=8
38714
S3
8738
4538
44
NEW YORK
Sales
KXCHANGE
61V
eis-
llio
•126
•150
i26
170
11
20^4
11
21
4>-j
5
•31
33
73'-.
71>a
•105
15 >t
15
5-1 14
64
24 14 2iw^
164 Sj 165
">242
24d
25
25
77
77
•17'i, 19
11
11
ISSi
18>a
33
A nn Arbor
i*- Do pref
60
62 7^ Atcli. Topekrt
16
28 >a
67
62
47
•78
•30
•165
125
•150
170
11
12
21
21
4
»32
74
•105
•120
•150
114
o*^'--'
35
*33
35
7434
89V
83=i,
463!r
&
Snnta Fo. 344,500
11,775
Do prel
I>aItimoroifc Ohio
8714 1>
135
160
Do
96,691
riltsb'g.
it
144 15
•534 56
24
24 H'
1644 1664
245 4246
25
25
774
77-<4
17
17
'^
11
11
18 4 19
69 S 69
31
2834
674 684
514 5334
*45
•75
*30
175
55
82
60
175
134 134
69
714
814 814
133 '8 134 '4
20^8 -J 4 4
40
4434
•27
35
68
69
22 4 22=8
38
39
•15
25
•45
55
32
33
*95 110
•104
11
21!^
•20
214
74
6
e^e
29,940
3,255
i ,1)25
20
19,0.15
200
110
4,U5
19t(,sr,5
291
5,'.ilO
850
Chic. Rock lsi'\t &"p.VcVlii"
Chic. St. P. Minn.
Om.
Do pref
ll^B 11^8 Chicago Terui'l Transfer.
19 4 203^
Do pref
5 '8
o's Chicago Umou Traction.
Do
prof
"74" "744 Cleve. Cin.
Chio.
St. L.
Do pref
13'8 144 Colorado
So., vot. trusi
•514 53
Do Istpf. vot. tr. cfs.
•120
'150
126
170
"-i
6
Lowest
&
128
170
41
69
34 Anglo 89 78
843sAugl(i 103 4
77i4A«g (J 104
82-'4 J'ly25
963^
Jan 10
Jan 21
J an 10
Jan 10
J an
27
19
4 Aug
Aug
53
37i4Jan
•64
'76
1064108
13434
80
rinu
80
11441164
69
•
14'8
•115
1434
15
124
135
5934
5934
•83
92
54 4 59
128 12^
19 H» 21
41
43^!
96 Si
95
•92 100
40
41>8
•24
25 H,
12438 125^4
•25 4 28
•100 llO
•60'4
a95
198
24^
64 4
23H,
eS"*
•86
•46
•86
•66
126
•20
•77
90
48
105
60
126
24
79
61>«
I5I4
124
62
90
5634 59
128 129
20
21
42
4518
61
•86
l'4''8
•92
40
4034
24
24
124 '4 125-38
26
26
•100 110
*60
68
195 4196
23i8
24',
62 4 64
•85
90
47
47
•85 105
•56
60
125 125'e
•20
23
78»8
61>4
9618
lUO
5
1
'Jioso
2,300
4,535
78»6
63
98
56 '4
98
64^8 56
-95
81
81 'b
69 '8 69^8
25
294
6334 67 4
39
439
•96
^lU
}70 4 704
14
25 4 2618
65 °8
66
•10
•36
•16
5434
81 'b
63 's
98
58 '8
633,
95
66
82
82
701, 70't.
29=8 33 '4
67
68'8
12
•10
12
40
•36
•16
40
18
18
63
•95
62
63
62
99
534 55 4
•804 82 I4
-68
72
95
99
57
544
8U7e 813,
•68
70
26=8 aOJ,
63I4 66
•JO
•36
•15
2534
6234
2 7 '8
64
31
31
12
•10
40
•36
12
40
18
15
18
•61
63
•95 loo
51=8 56 4
8O34 807s
•68
69 4
2634 29 14
6414 65 '4
St. L.
1,000
ir. ctfs..
pref. vol. tr. ©trs...
vot'g tr. oils.
3li[6V6
1,236
420
512,050
18,592
<fc
Dd
pref
peadlng, vot'g
IVist
2(1 pref.
Rock Island Company
Do
pref
Rutland, pref
-9
11
^I.
•35
•15
40
1^
17
pref
Pittsb. Cin. Chic.
.losepli
Do
Do
AGr'd
Island.
2d
i)ref
151
J'ly
35 Aug
95i4J'u«
90 14 J'ne
Aug
5134
19334
Sep
20034 Sep
Apr
2744 Apr
271
206 Sep
170 4 Apr
210 Apr
2473
Aug
44
23
60
Sep
Apr
Apr
10838 Aug
124 4 Sep
3534 J'ly
Aug
79 4
5379 Sep
153 4 Nov 184 4 Jan
231 Nov 297 Feb
35 4 Dec 5134 Aug
86 4 Dec 9634 Aug
Dec
Feb
Dec
35
13
26
Jan
Jan
D«c
60 4 Dec
41 4 Dec
10
18=8
28=8
Mai
Ma>
50
82
30
Jan
1814Mai
70
Jan
Jan
9
66 J an
SlisJan
53=8 J'ly
25 Sep
43i4Sep
97 Sep'
24 Aug
3534
44=8
7534
6334
7438
10434
Apr
9838
Deo
Jan
Jaa
Jan
Mar
Feb
67 4 Deo
203 Deo
90 May
294 Oct
106 Aug
Jan 173 4 Aug
SSigDec 5134 Aug
137
65 Nov
3373 Jan
Dec
Jan
Jan
Jau
Jan
Dec
75
19
44
13
45
40
120 Oct
325 Apr
72 4 Nov
102 '8 Jau
128 Mar
90% Apr
50 4 Aug
Aug
39 Aug
62=4 Apr
88
41
Sep
84
Apr
71 4 Jan.
138 Feb
340 Apr
91 79 May
159 4 Aug
158 Nov
109 4 May 134 4 J'ly
135 Oct 174 Feb
Dec
35
89
Mar
9134
20=8 r>ec
3118
Mar
Mar
Apr
Apr
Apr
Nov
3150 Mar 192
106 Jan 115
1184Jau
364 Jan
12734
84
Jau 139 Sep
22 4 Dec 3534 Sep
51 Jan 6934 Sep
9634 Mar 125 4 Sep
80 Jan 122 Apr
3134 Dec 45% Mat
90
Nov 16878 Jan
Nov 57=8 Aug
1104 Nov 1244Jan
80 Xov 100 Aug
209 4 Jan 255 Apr
147
40
25i4Dec
Jan
55
90
65
37=8 Sep
8O34 Oct
J'ly
81 4 Sop.
Feb
Dec
98
Mat
1004 Jan 106
72i4Dec
3434
Sep
147 Jan 170 Sop
30 Nov 47 4 Apr
71 Feb 85 4 Sep
80 May 93 Sop
Jan 7 80 Is Jan 105 4 Sep
Jan 17 113 Mar 128 M»y
57 4 Aug 5 94
97 w, Augll 115
413«J'ueld 69i4Jan 2
79 4 Augld 89 7^ Feb 5
60 J'uelO 81 Jan 6
19 4 Aug 6 53=8 Jan
564 AuglO 86 Jan
160 30
Augll
9
'.)
33
14
1st pref
79 J'ly
3205 Jau
Jan
28
."
Do
60
Xov 7238J'ly
Apr 128 Aug
Apr 145 Sep
Jan 145i4Sep
Dec 97 May
>;ov 198 Jau
42=8 Dec 57 4 Sep
29 4 Dec 4538 J'ly
4. 1 a 11 19
(.
6
May
4334
Jan 77i8Mny
74Vflan 96=8 Sep
95 4 Jan I06i8 8ep
92=8 Dec US 4 Sep
92 Dec 99 Sep
61 AngU 73 'k J an 7
6S Xov
5170 J'ly2y as4 Marl2 3191 J'ne
105 J'ly25 13314 Jan 29 136 4 Sep
13 Aug 6 29=sJan 9
22 Dec
85 Aug 5 90 'a Jan 13 89 4 Nov
71 Miiy2(i 85 4 J an 9 81 4 Dec
26 4 Aug 6 46 's Feb 5 33 Dec
133i4Aug h 183i4Jan 7 160 4 Jan
168 Auglo 194i4Jan 9 186 Jan
154 4 Aug 8 224 4 Jan 14 204 ig Jan
190 Aug 8 -'50 Jan 8 230 Jan
147 J'ly2(i 200 Is Jan 9 152 Jan
117 J'lyl4 62 Jan 2
140 Feb
190 Miiyll 194 Jan 5 194 78 Nov
8 Aug 5 197gJan 9 15 Dec
17 Aug 8 36 Jau s 29 Dec
3 May23 17 4 Jan 12
1034 Jan
30 May22 5034 Jan 14 4434 Mar
66 Augld 9938 Jan (; 93 Nov
113'8J'ue 8 119 Jau 27 118 Jan
10 J'ly24 31 4 Jan Id 14 Is Jan
44 4 Aug f- 72 Jan 9 59 14 Jan
;i 11
•64
70
106 >2 108 '4
135 4 136\
79
79
115 115»4
•20
23
Highest
Feb
33
63
9
6,8'80
'TS""ii''i
&
•105
14=8 15V,
144 1478 14
143s
7,585
&
534 54
52
52
51
2,110
53-H,
22I4
24
241-2
23 4 23 4
21^3
22
2238
17 Aug 6 48 Jan 8
Do 2apf.v0t.tr. oils.
3, .550
167 167 4 1624165
162 162 4 IU44I6534 I^elaware ifc Hudson
3,700 149 Aug 10 183 4 Feb 2
248 248 '242 247 •240 247 •235 243
1 'elaw. Lack. <fc West'n.
300 230 J'ly 24 276 4 Jan 8
25 14 26 4
24
25
2J3^ 24
24
24 18 Denver ife Klo Grande
3,380 20 Augld 43 Feb 9
7734 7534 764
77
774 78
76 4 76=8
Do i)ref
1,970 72 Aug 6 90 4 Feb 9
1834 1834 •18
19 4 17
19 4 17
194 Des >loines ifc i'D. Dodne.
300 15 12 J'ly 25 47i4Jan 8
III4 12
iiv, 1134
10
114 104 llHi Detroit South, vot. tr. etf.- 2,790 734 Aug 6 2038 Jan 2
19 4 22
20
214
19
19
184 184
2,520 15=8 Aug 6 3934 Jau 2
Do prof. vot. tr. clfs.
6934 693,
69
69
6818 63 'f
700 64=4 J'neld 90 Jan d
Detroit United
*10
12
no 10 no 124 *io 124 DiUuth So. Snore & All..
7
Aug 5 19 4 Feb 16
60
154 154 15
15»8 •14
16
14
14
500 114 Aug 8 29% Feb 16
Do pref
293^ 31 14
2834 30 4 L^rie
28
30=8
27 4 29=8
Aug 8 42=8 Jan 9
;........ 395,550 23
67^8 68 S,
66V, 68
66
67
664 67=8 l-J Do 1st pref
36,130 0218 Apr lo 74 Feb 5
52I4
53
50 4 5234
50
514 50
J'ly 24 647eFeb 5
15,75(1 44
531.J
Do 2d pref
•45
55
47
47 55
47
494 494 Evausv. & Terre Haute.
300 39 4 J'ly 27 72 4 Jan 8
•78
•78
•78
*78
82
82
80
82
78 Augll 91 Jan 8
Do prot
*30
*30
60
60
45 60 45 60 Ft WortlutDen. C..,stuip.
50 J'ly 24 7434 Feb24
•170 180 •165 180 •165 180 165 180 Great Nortlieru, pref
100 170 Aug 5 209 Jan 22
77 Marl2
Green Bay<fc\V..deb. clt.A
13 4 143,
d*il» ctf li
Do
18 10 Augll 2 7 ^ J an f)
71 '4 72
70
•67
•69
71
7i'b
1,300 6534 Aug 8 106 4E'eb2(i
704 rjockinff Vallev
^0
78 82 79 82 11 Do pref
814 82
81
1,375 79 Augll 99i4Mar 2
1334 1344 133 1334 I3214I33
1324133 Illinois Central
ii,631 125 4 J'ly 15 151
Jan 10
22'4 20^4
'20
22
22
22
22
21
Iowa Central
3,625 16 J'ly 27 48 Jan 12
•40
42
42
•38
40
Aug
33
314
6
38
33
Do pref
4,700
77
Jan 12
43'e.
•27
•25
30
30
•294
200 27 J'ly 25 47 4 Jau (i
IZanawliacfe Michigan..
70
*67
70Vi 70",
69
•67
70
69 4 IVc.Ft.S.&M.,tr. CIS. pfd
1,020 64 AuglO 8234 Feb 2(i
22'>8 241,
2034 2 2'« •22
21 2314 Kan.sas City So. vot. tr. .. 2,000 18 J'ly 24 36I4 Jan 12
24
:!'.I4
3834 42 4
•38
3934
38
39 V, 3934
Do pief. vot. tr. ctfs.
4,050 324 AugKJ 61 14 Jau 22
* 20
*20
25
oO
25 4 20
30
30 Keokuk t& Des Moines...
300 25 Augl8 40 Mario
•45
•45
•45
55
55
•45
bo
55
48 J'ly 16 355 Apr2o
Do pref
'300
•30
•28
33
•23
27 30 T ake Erie A Western...
32 4
25 Aug 8 53 Jan 8
34
•95 110
•95 110
•97 110 Aj Do pref
-95 110
94
J'ly 24 113
22
Feb U
5 334 4 Jan 5
334 4 J
L. Shore & Micli. Soutli'u
6634 6634 •60
67
•60
•60
66
67 Long Island
100 5? -Aug 5 83 Jan 7
107 108
104^8 107
104 10534 Louisville & XashviUe... 26,245 9>i'8AuglU 130 4 Jan 8
103 4105
135 136'4 134 13518 132=8 1^*414 133 14 134 4 j\/l aniialtan Elevated... 18,770 12714 AuglO 155 4 Jau 14
80
80
82
80
79'4 7934
78
78 I'letrop. Secur., sub. rec.
1,500 70 4 J'ly 24 12878 Jan
11534 117
11341154 1124114
113 114 Metropolitan street
11,515 108 Augld 1427gJan 6
-21
25
22 4Mayl9 38 Jan 8
Met. West Side El. (Chic.)
•59
66
88 Jan 20 88 Jan 20
.'.
15'« 15»8
14=8 16 14
J'ly 24 29
153g .Mexican Central
17;4'lO 11
Mar23
18
144 15
•120 135
•120 135
•130 135
Michigan Cculrui
100 102 ,May20 135 Jau 15
62 V, 62 V, 58
62
63
62
614 614 Minneapolis & St. Louis. 1,075 49 Augld 110 Jau 9
392
92
392 4 92 4 •88
157 85 Aug 5 118 Feb27
92
Do pref
88
83
5434 55
58
59
68
58
Minn. S. P. & S. S. Mane. 13,275 42 Aug 7 79 4 Feb 16
54
61
126 128=8 128 128
2,200 109 4J'ue 2 132i4Febl7
126 129
128 129
Do pref
19 14 1934 Mo. Kansas <fe Texas
1934 2034
1934
204 21
19
15,780 16 Aug 5 30 Is Jan 5
43
44^8
41 >4 4334
Do pref
13,070 35 4 AuglO 63 4 Feb Id
404 4134 4134 43 14
93 14 96
9534 9? 3^
9238 95
Missouri Pacific
178. 50U 8534 Augl'J 11578 Feb Id
9138 93=8
•92 100
•92 100
•92 100
92 100 ]VJ ash. Chatt. & St. ijouis
90 J'ly 24 114 Febl6
37
39^8
40
38=4 40
40
40 4
40 i^ at. of Mex, non-cum.pf
5,050 34 4jMar 2 47=8May27
14
•2438 26
2134 Augld 284J'ue3d
32234 22'4 •23
•22=8
133
Do
2d
pref
25 4
25 4
I24I4 12534 122
124 14 12034 123:'8 122 1237e X. Y. Central <fe Hudson.. 27,452 112=8 J'ly 15 156 Jan Id
•26
24
24
23 4 28
25
310 20 AuglO 45 Jan 7
28 4
25 N. Y. Chic. & St. Louis...
•ItJO
110 •100 110 100 110 100 110
105 J'ly 15 118 Jan 16
Do 1st pref
"201'. 58
*60
•60
65
•58
Aug 12 87 Jan 19
68
59
63
59
Do 2d iiref
5195 195 •194 199 19478 200 •19478 199 X. Y. N. Haven & Hartt.
330 tlS7 4May25 225i4Jan 9
23
244 25
244 22=8 23 4 2234 23 7^ X. Y. Ontario & Western. 42,160 19=8 Aug 8 3 5 '4 Feb 5
63 14 64^8
62 4 63 14
62
15,055 564Augld 76i4FeblO
63 Xorfolk<fc Western
61 4 62 4
•86
•85
90
89
85 AuglO 93 4 Feb 2
864 89 •86 89
Do adjustment, pref.
47
47
46
46
600 41 Aug 6 72 Jan 10
454 474 46 46 pacific Coast Co
•85 105
•80 105
•85 105
i Do Istprel
*80 105
"'"10 80 J'ly3U 100 Feb 13
•56
50 14 Augll 76 Jan 28
55 60
60
3604 604 53
60
Do 2(1 pref
125 41263b 12334 125 4 123 125
123 14 12534 Pennsylvania
99,726 118igJ'lyl5 157 =8 Jan 10
•20
-21
•21
15 J'ly 24 39 Jan 8
24
23 4 •20
23
23
Peoria <fe Eastern
*
78''8 78^8
80
900 74 J'ly 27 91 4 May 7
76
78 '8
•105
lor I'reviout
Year (iyo2)
Feb 11
42,523 3773 Aug 1(1 7 lis Feb 17 5434
200 124 Jan s 150 Feb 9 no
145 Jan 1(1 160 Feb V 139
30,38ii n74J'nel(i 13S34 Feb Id 112V,
1,710 58 Aug 6 78 4 Jan 5
71
600 15l!4J'ly27 190 Janl'.i I!) 5
5(1
i>ref
Brooklyn Uaput Transit.
Uuilalo Uocli.
l>o prol
764 "744 '76"
74'8
•105
67 7^
53
47
69
69
•814 83
133=8 1 34 'b
•20 Hi 21'i
SS^a 39
30 "n 30 Hi
•67 Hi 70
23
22
37 Hi 37 H2
•15
25
•44
65
•30
34
..*5'«
•118
•150
i26
170
11
•i20
•160
11
ll's
2134
21
21
-8
29^4
82
60
175
i26
170
Kam/e
li)U:i
-Highest
JIny23
J'lyU;
(?0
61\
•"120
Year
01 100-sn.areLots
Lowest
33
11)3
•104 12^11,
•144 16
12
'HH,
•14'g
6l»8
•159
JCaiif/e lor
On basis
Unilroads.
i25'4i26 4 124 i25=^ 123 124=s 12414 125 4 / lanaaian I'acilic
60 'a 60'(.
60 '4 60 14
60 14 61
60
604 V anada Southern
1'.2
'159 16 4
lo4
160 160 159 165 Oentnil of New Jersey...
33I4
34I4
32 'a 334
32^4 34 >4
32^6 34 's
35
34% 3GVi
33
Chesapeake ifc Ohio
24 V,
22
23
21'8 22
23^ 23 S, 224 23 4 24
22
22 Chlcasoifc .\lton
62I4 64
65
6 J '4
65 14
65
66
63
63
i 60 '4
62 I4 62 14
Do pref
•
•
2011
200 •
200 *
200 *
200 •
200 Chicago Burl ifc Quincy..
•115 140 •124 140 •115 135
123 123
124 124
*115 140 Chicago <fe East. IlL.piel.
i6J< nu
17
18
17-8 184
1634 17 4
1'14
16=8 17
16
Chicago Ureal Western..
•84 Hj So
•84 4 85
85
85
•84
•84 4 85
85
85
85
1)0 4 p. v. (tebcuturos
•72
73 'a 73^8 {744 744 •711% 74Vi 72 14 74V4
•71
74
74
Do 5 j). c. prof. "A"..
3OI4
323,
31
31
31Vi
314 29
29 's
29
80
30
29
Do 4 p. c. pref. "B"..
143 14 145 Si U3>«.145
145 14734 141^8 145-V 139-8 142
14018 I43I4 Chicaso MUw. & St. Paul.
172
51:214 17214 172 172 4 317134 17134 171
174
3173 Si 173^4
Do pref
J 172
166 16i-'4 1674169
ItJ 167
165 4165 4 163 164 4 163 165 4 Chicago <fe Xorlh Western
200 201
201 201
200 202
i2J'-ii26:<4
•159
01
the
Weeli
Stiares
STOCK
'•*
9
Jan 28
15i4Jan 2
J'ne
Aug 7 58 Jan 5
AuglO 24 's Jan 19
72
52i4Mar
797eMar
60 Jan
334 Dec
71 Nov
64 4 Dec
10 Dec
4934 Dec
24 4 Nov
784 Sep
9014 Sep
8078 Sep
504 Deo
85 4 Nor
125 Apr
24I4 Aug
81 4 Sep
42
Sep
BANKS AND TKUsT COMPANIES— BROKERS' QUOTATIONS
Bankn
»KW roBK
... 525
Exch.. 210
750
JJowery'
370
Bntch'stfe Dr 140
Central
160
Century*^
175
700
ChiM!
Ajnerlcali
Amer
Astor
Chatham
....
Bid Ask
iiank:,
260 270
Uthsireetll.
Colonial', ... 405
Koiirlh
550
Columbia* .. 375
Iloallatin
230
Gausevoort^l
1000 Commerce... 300 305
CoUHoliilated
185
Gartleld
390
C'ni Kxchge* 350
German Am*|
l.i5
lianks
Sid
167
»<.-oo
165
1
Sale at Stock
100
Federal*!....
360
CIlizeiiH
a.?lc«<l
East River.. 160
Kr|iiitable ...
;i40
Bid ami
I
City
"
Chelsea i;xc1
Cheniica
'
A$k
4300
prices;
KidelityTi .... 190
Filth
veil.. .i700
A
Fifth
First
no
Exchange
200
4100
375
600
Bid Ask
itankM
JeflfersonH
270 300
Leather Mir.
200 215
Liberty
400 420
Lincoln
140
.Manhattani
500
160
(jernian Ex', 400
(tennania*! .. 000
(ireen wich 1i 6300 310
Hamilton^
..
170
Hanover
540
Imp <fc Trad. 600
Irving
220
640
2A0
Jiid
140
Ask
150
335
300
600
1000
310
.Market JcFul 240
650
1050
340
255
245
.Mechanics'
140
ifc Tral
255
155
Mercantile .. 240
Merch Exch. 160
Merchant-s'.. 170
.Met.rop new' 400
260
.
.Vlech
.Ml Morrl.s'
..
220
170
500
240
ItiinU)!
Bid
MutualTl..
290
180
Nassaull .
New Ainsler 500
New York Co
X Y Nat Ex
New York...
1500
f227
285
10th Wardll. 150
North Amer 200
150
Xorthern
(Jrientalll
240
Pacitloll
200
Park (new). 415
People'sli. ..
230
Ask
Hnnkx
Bid
105
Pheui-t
190
Plazali
550
Prod Exchi
Riversidell
295
Seaboard
Second
225
Stalell
.,
Shoe<fe Leth.
170
250
34th Street..
12th Wardi,.
425
23d Wardli..
United
Varick
300
II
500
170
275
625
650
150
700
210
120
120
95
210
New
Ask
115
600
190
675*'
170
215
130
stock.
b
(I Ex dividend and rights,
ihi* dair.
J rix riifiin.
^ Ln.i-i 111 in 10* snares.
„ ..
'I State Uanics.
or at auction this weeK. t Tra.st Co. certificates.
e Includes, prior to May 17, dealings in old Mex. Xat. trust receipts.
saie.i
were made on
.
'
AUOUST
Mondav
'Jvesdav
Aug. IT
Auii. IS
i
1
Wiftinesday
Thursilaij
Aug.
Aug. If
•iiTOCKS
NEW YORK
/'riday
Aug.
->l)
•TOia
xooVj
•70
62
78
5 I'll
70'ii
54 >4
30 >4
15>a
3V
4Ji^
lUS.'
163*
3H»<
33
4t>>-.-
•Jia*
•22>-.
44'r3
21'H,
84
84
83 "a 84
18
37 '4
48
17'-i
33
47
3434
46
23 '8 24^
84 's SS"-,
22^4
22
2Taj
'ic'^i
22'-'
"•-'1^4
30 's 30A
95
95
754
77ki
85
•15
43
86',
17
44
>9
31'-.
yi^ 93
15it
"75 ^
77
85^4
15
85
44-''8
44\
2.%
21-8
35^
36'.
35
"-J
18'«
17-8
17>
53
d8'4
(!'J
>•.
39 "a 40 '4
50
46>a 50V
31 '4
34'.,
34
85
84
84
30 't
30 "-J 31
•85
90
90
*24
30
30
190 ^185 185
3o-«i
•S5
•24
•180
•7
9
*4
4 Si
48
86 '4
•15
18
•lli
S6"8
7
2-4U
24 ij
24
18>-j
11
34^4
19
IOI4
"33
18'4
8410
*2'a
•10
•33
54
50
29
20
SO
20\
281.J
IS'-j
40«8
il^'j
39
SS"-.18'...
85
85
"3
5
•15
15'a
loiv
46
90
46-'«.
4534
903,
89 Si
34 '4
34'-,
.^4
84 '4
17'4
11
20
85
20
85
"-i
90
•90
92
5
17
3
6
Id'.j
1
45 '4
'4
>-.
**2
21'a
34
48
•-'5
1;"-.
18
49
23
18
1...
19
40 >4
38'"8
380^.
-39
47I4
••''2
"4".
•222
4
17
180
•6
7V
26
•4
•15
iMtt
"5
*4
I8I4 18 's
•83 la 83
•2 'a
4
•14'a 17
43
44'a
12
90
90
•118
120
1183f.
118'-2lle'-.^
lis
'133 <4
«8'2 10
8=>4 10
70I0
69
69^2
S
132>a
1
32
78
'6'2
42
49
78
79
205
•190
76
80
•12'a
68^4
•35
-35
•74
-8>a
•37»8
'8
165
13
68
45
37
79
10
37
35
2^8
16'6
212
67
67»8
15 >4
72
35
2^8
42 14 4314
29
29
1514
•66
•34
•2'2
41'2
2938
16834
218
218
25
26
1218
6612
1434
12^4
15
72
35
35
*2i2
3
70
105
•107
120
7^8
8
Si's. 82
8 -4
8
82
8^4
4634
12
40
2334
72
T2h
19 "-J 21 ".J
90
90^4
45-g
293s
45
29
117
'a 1 17-..
71'8
1914
*85
•200
23t)
84»4
iii\
160
ITo
44
50
15 14
11
3834
loo's
•8
Si
74
•180
*6'2
10
78
75
195
14
173
104
27
78
22
161
11'8
61
35
7
4712
49
15
176
104
27'.;
78
23
163
22'2
162
13
I214
35
3478
72 "2
126
21
93 iR
4258
582-2
713
29
25
33
S3
.Viiioncan Car it
Do pref
'•
.\
?110
8\
110
814
"
8234
7212
2212
95
40
•106
jiref
.\niencan Jfaltiiifr
))rBl
.\nie.r. Sniclt'gcfe Re.(lu';r.
4
15
43I4
9012
Do
Do
7i)
\iiii'on(t:i
193
I
8i8
8'2
82=8 83 14
8'8
8'2
81
45 '2
11
40
24
72 "2
22
93
44'2
It's
SHi
83
838
46
Or, Ills \V. Dock &
7
1214
40
13
40
40
22 "2 2438
7118 73
23 18
22
•90
95
2434
73'8
2334
95
•200
295
8334
8334
170
170
175
175
225
84
170
173
2U0
220
'83 "a 84
&
&
16
120
81s
105
8
8018
8079
77^
61-2
38
45
Ilia 12
40
40
12
•40
2178 223,
7038 711.^
2234 23 '4
90
95
7713
77I2
2II2
6912
pref
Securit's Corp.
(General Electric
2^1.2 Distillers
lt«
international Paper
Do pref
International Power
13
43
34
New York Air Brake
12(>
78
North American
21
Pacitic Mail,
94'.
eo
eop.
Gas-Ij.<fc C. (Clue.)
Pressed Steel Car
Do pref
Co.,
new
Do
pref
83
7
8II34
Dee
Dee
Dee
90
Mii\
.Marl!'
3(>
3(i78
Jan
28
Aug II
90
91;
ii
l'',>b
'.1
Mar
3
Aug
39
81
Sep
M Sep
413),
Aug
98 'a Apr
93 Nov
.\ugl(l .13 V Kebl(
37 Dee 3434
J'ly21 1287„ Jan
122 Jan 134
J'luUl
32'-.; Nov
38
37''V Jan 12
18 '2 Jan 33 '4
H} Aug 11 3178 Jaii 9
.I'ly2.-.
48 Jan
33 Jau 4934
S7'2 Aug .V I22I4 Jan 23 1(1" Jan 129
133 J 'no
139 Jan I'J 131; '.I .Vui; 139 '2
63 -'4 Aug 8 loiV ,):iii 9 93'..; 1)1-.
13'4
83 '.. .\ugl(i 9314 Feb 11 SO'VMai 93
13 .I'luMi
22V Jan 13 20 Dee 24 7^
•.
Sop
Feb
Sep
Oct
Sep
1
Aug
33 riy27
17 '2 .Vug
29 14 Aug 6
641.2
.J.'in
3234
5314
12
27 '2
62
38 "a
29 '4
53 "a
Feu 27
Feb 24
Feb 9
(
43
.J'lv2)
ig
.ny2
Aug
24
13
J'ly24
35
Augll
6
60
Dee
2134
Jan
37
17
!)(•<
Fob 10
Jan
491-2 Jan
28 Jan
Feb
Feb
!'
19'8Jaii
l-
39
.Mivy2v
Oct
Nov
38V Sep
W<
34 '2 Sep
30 '4 Sop
66 Apr
Jau
la
Fell
Aug
Aug
4 2 •'h
Sep
31
57-V
Au^
Aug
pref
Closs-Shelfield St.
Do prel
34
O
&
Iron
Standard Rope & Twine.,
renn. Coal, Iron & RR...
I'exas Pacific Land Trust
29
jirei
&
Foun.
United States Express...
Sif United States Leather
115
United States Rubber
Do
'2
pref
23-V United States Steel
Do
pref
Virginia-Carolina Chem..
24
25
Do pref
95
95
24I2 2412 Virginia Iron Coal <& Coke
7134
Do pref
Wells, Fargo
'20V'
12,010
1,710
(i
5 J'ly23
20i8J'ly24
5
.7'ly23
25
J'ly23
IS'gAug
79
2
"
(>
3
"a Aug
'a
.Mar 1(1
ll'sJan
3738
1134
Jan
Jan
34
('
200
100
3,723
800
.ny28
8
6878.J'ly2.'-
64
180
J'ly24
AuglO
O'l.riyU
AuglO
40
40
90
J'ly27
AuglO
lliaAug 6
Augld
9,9 10 164
2,600 9434 .Vug t
Aug
Aug
Feb
Oct
Jau
J an
93'V<)ct
Feb
99
an
Jau
4
3734
J
'2
238
'8
2(1
Dee
Dee
Dee
Apr
Apr
May
Aug
0214 -Vug
13
43
'4
'2
Oct
Sep
J'ly
14
(1
1-2
1-2
37 Nov 4958 May
87 1.2 Nov loo '8 J'ne
40i2Jan
85 Jau
.Mar 4
50 87 7gAug 6 9838
20,540 lO^V-^'igUi 13438
1,033 116 Aug 6 122
100 12934 .T'ly 14 169
200
200
Oct
79
3 7 'V
3 178 Jan
67 Jan
Dec 28 Apr
39 "a Dec 38 Mar
23 la Dec 3678 Apr
89 Jan 100 14 Apr
7 '2 -May
5 Jan
21 Jan 29 Sep
32
Jan
48 Jan
31V Febl.
9334 Feb 17
oifl Feb2t
24 Jan 10
3278 Fob 1.
99 la Feb lli
1934
Nov
Apr
9 la J'ly
2
42i4Jan3(i
J'ly27
37laJ'ly24
86 12 Aug Hi
90 Aug 3 126
13
834
2
J'ly J240
Jan 2(1
Jan 8
Feb 13
Feb 18
14'58 Feb 23
80 Jan 31
123i2Feb23
225 Jan 21
I318 Jan 29
55 Jan C
82 la J an 6
122 Jan 3
2218 Feb 18
222 Jan 7
119 Jan
1-33
UU
Oct
(Jet
Nov 133 '8 Mar
113
113
Jau 122 Aug
Jau 86 Apr
Dec 17 Ir Jan
73 Apr 80 '4 Sep
80 Dec 146 Feb
210 Jan 233 Aug
77g Dec
14=8 Ap?
41 J'ne 33 Sep
16034
12
7334
n30
1
Aug UOiaApr
Jan 5140 Mar
I418 Jan
203
114
'J
2478 Oct
Dec 23934 Apr
Dec I26I2 J'na
Dec 3838 Maf
35 Mar23 2634
85i8Jaul9 7958 Dec 90 Mar
3434 Jan
27 Dec 33 Dec
7,170 I48I4 Augld 204 Feb 10 0l70i2Oct 334 Apr
5,360
9 .T'ly28 1979 Jan 5
16 la Dec 23=8 Mar
74 14 Feb 6 70 Dec 7714 Jan
880 60i4.riy2
37 Aug G 73 .Ian 19 49 Dec 199 Apr
400 34i2Aug 6 46i4Mav 8 40 Dec 57 14 Mar
210 73'2J'lyl(3 89'aJaul2 82 Dec 95 Oct
8i4AuglO 13 Mayl3
9 Oct
19 Apr
1,220 33 12 AuglO 47^8 Feb 17 40 Nov 53i4Mar
98'4.rne 9 10678 Mayll 10134 Dec 109 12 Apr
32 Sep
1,200 1178J'ly27 29 "a Feb 5
15'a Jan
10 S014 J'ly24 95 Feb 10 78 "8 Jan 96 Oct
AuglO 177 Jan 2 148 Mar 196 Apr
2,576 HI
9,492 70 J'ly25 124i2Jan
88 Jan 134 Sep
4234 Jan
37 Nov 4938 Mae
2,650 17 Aug
98I4 Jan 109 la Sep
10838 Feb 10
11,710 8978 Aug
4,383 34 AuglO G534 Jan 26 39 Jan 63i2 0ct
630 78 AuglO 95 Feb 20 8234 Feb 9612 Oct
320 196 J'ly 15 23334 Jan 14 215 Jau 250 Apr
1,000 21 12 AuglO 37 Feb 9 24 Apr 3812 Sep
300 77 la Aug 12 90 Feb 25 80 Apr 9014 Oct
973 Aug 6 22% Feb 18
7,235
15V Jan 2434 Sep
8038 Feb 18
Jau 83-18 Sep
4,685 59 Aug
138
4,000 12 J'ly 23 30 Feb 16 17i4Feb 2338 Apr
200 60 .I'ly25 84i2Febl7 63 J'ly 7478 Mar
Feb 23 29 la Jau 83 Sep
1,200 26 J'ly 24 72
79 J'ly 24 971a Pebl8 80i4Maj 95i2Sep
SSgApr
134 J'ly s
4 Jan
150
6 "a Feb 1
31,490 3234 Anglo 6838Mar21 49 "a Dec 7455 Apr
500 22 AuglO 4934 Jan 7 35 Jan 44i2Feb
300
4'2J'ly23 13 Jan 19 1 1 '2 Nov lSi4Apr
112 68 Mayl4 7934 Jan 8 72 Jan 85 AlJr
7
J'ly 7 15
Feb 20 10 "a May 17 Oct
100 40 Augl9 55 Feb25 42 May 59 Sep
I3014 Feb 4
10 95 Aug
97 Jan 160 Aug
10 '2 Dec I514 Sep
634 J'ly 25 15 '4 Feb 11
8,390
4,634 74 Augll 9634Mayl2 7978 Jan 9 1 14 Sep
6
2812 Jan 2
20 Nov 32 Oct
21,877
'2 Aug 21
73 Jan 2 64 12 Nov 73i2 0ct
29,653 38 Aug2
2,330
7
J'ly 27 19igFeblO
14 Jau 19=8 Oct
1,170 30i4J'ly27 58 FeblO 49i2Dec 64 Mat
2038
3978
2934
Dec 4634 Jan
86,662
Aug 5
Feb 5
73,il30 67
AuglO 8934 Jan 7 79 Dec 9734 Jan
21,975 I9I4 Augl7 66V Feb 19 54 Dec 7638 Apr
700 80 Aug 4 12812 Feb 18 120 Dec 1347feSep
100 20 Aug 5 3978 Feb 23
300 23 J'ly 22 3334 Jan 9 29 la Nov 33 la Not
300 76I4 J'lyl7 81 Jan 19 781a Oct SI Deo
5191 J'ly 14 249 '2 Feb 6 5183 Jau 5235 Aug
1,45U 81i4Aug 8 93 Jan 14 84'4 J'ly 97 '2 Aug
100 160 J'ly 30 221 Jan 7 169 Jan 233 Sep
130
650
22
73
2U
la
6
5
J'ly24
(j
1-2
& Co
Union Tele'gpli
West'gh'seEl&Mfgassen
220
200 220
83 hi S3 'a 84
Aug
Aug
3
J
7 3 'a .Marl'.
4134 Jan 19
fe
Do pref
SPV
7> U S Kealty&Conatruction
44
Do pref
12'-.
900
Feb 11
235
198
33
28 '4
8li4Aug I. 93 Jan 6 83 '4
13 '4 Aug (.
30 '2
46'4 Fcb2(i
82 J '1^2
98 Feb 13 86
25i4Aug
41 la Jan
32 la
171 Aug 10 :35
Feb 3 210
J'ly29
2938
6
27
.Ian 7
3(1
3334.1'ly24
30 J')y24
(i
Do
Vulcan Detinning
200
80
7
Jan
(i
Rubber Goods Mf g
"3"
42
o'ioV)
4,067
Do
,S0
411a 44 14
29
43
24 '2 24 "2
2434
7734
C. Inip'l
179
104 '4
29 Corn Products
71
34
88(1
4,760
<fc Iron...
V J Do pref
lioi,
Col.
Hock. Coal
Conaohrtateii Gas (N. Y.).
Continental Tobacco, prei
U. S. Cast I. Pipe
Do pref
71a
45^2
Copper
43
Butterick Co
53 '< / loloraito Fuel
•i;8
"2^
1,640
1,000
Hcioklyu Union Gas
Union Bag i& Paper
*106
8
80
•jii-lDiV
33I4 Mai
.)iin
20
14
Do
712
40
120
..
De
17
7
Uo'4
14's
lio'4
520
100
lou
muricau E.\pri'ss
Ann'ncan Grass Twino
412 Ainer HuleiS; l^oatlier
Do
116
1,500
Cotton Oil
Do pref
American Dist.Telegrapli
<14i4
29
SO'iaJ'ly
li.S'4
.J'lirK
5204 .Ian
740
43
82 ^^
218 218 Pullman Company
2334 24
I)ailway Steel Spring...
•78
82'-.. IVDo
pre!
11% 1134 Republic Iron & Steel ...
3
•2'a
4234
41
5,860
2,050
419,995
5,643
Foundry
;, Internal'l Steam Pump..
7ij
Do pref
"8
10
.Manhattan Beach
37 "a 37''hi Vfational Biscuit.
9934 100 '4:!^ Do pref.
*15
17
National Lead
*81i4 86
Do pref
lO'a
2OI2
3
4412
i ilaiiis Kxi)rc.ss
'T.inal:;ainiite(l Copper...
566
2112
22
95
93
9438
44 12
4218 43
82 '2 *80
82
218 218 •217 220
25
25
24
24
82I2 8212 *78
82 12
12
VlH
117f
6534
(56
67
65
14 14 147g
1412
14
*67
72
6934 70
33I2
35
34
33
4134
712
-12
178
104
•26
•70
7334
•27
29
la
43
48
9934 IOUI2
0:7434
49'.,
*6'3
•1514 17
16
85 14 Si's 85
126 •121 12812
787^
vot. tr. ctts.
83
76
*180
70
45
35
33
72I3 76
-8
•3714
prtif.
13.343
30,830
1,870
1,200
1,20(1
tr. cfs
pref
.\meric;in Snull
Do prgf
113 lUJ'.i .\tnerican Sugar Retiniii!;
118-4 118
Do pref
-Vnier. Teloi)li. & Teles...
*8'2 11
-iiuencan Woolen
6812 73
Do pref
•40
43
Do
70
8
83s
45 "li 46 '8
•11
12
39
40
23^8 24 '8
2434
7734
•195
84
116 '4
Do 1st prof
Do 2(1 pro!
19 '4 Wisconsin Cent. v.
29
1834
76'.^
53
3
712
46
•11
•36
114
65
Do pref.
Whofiui!.' tfc l,akeEne...
85
90 Si
im
68
•66
35
7II2
''878
178 180
103 4 104
28»4 28 '4
*77
80
23
23
163 165
12 Is 14
•67
70
33 45
35 1«
35
'72
78
8
85
12»2
83
'2
"'4
13
14
69
69
•35
45
•34 '2 37
74
74
•8
10
3S38 3812
38'4
99 loo's '100
I6V2 17
16
81 85 583I4
127 12934 125
79
80^8
751a
22
23 '2
22
95 '8 96
93112
44
44*8
42
81
82
82
13012
76'4 83
22
22
9478 95^
4334 4415
Si's 81'i
66\
•78
166
'-2
218
25
83
12 '4
27
1214
66*3
16>4
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80
23
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24
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12
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834
70
42
43
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"t;
45
37
76
10
3738 38 '4
*9d 101 >4
•81
127
7
53
100
la
'185 205
7
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ISO's 183^4
10314 104
2814 2y
6534
76'« 77'8
21'a 22
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44>2
44
81"^ 81»B
15
•66
i
15
178'2l7y^4
103 '4 103 '4
28
29
80 '6
578
•21
23
163 107
•35
•35
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•16
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127 127
«218
51'2
100
12-34
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15'4
28'2
70
76
205
7
6=6
5IH2 53
'
180
103
22Hl 2 2
163
'190
8
71
79
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7
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15
179
103
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117
118
»'
10
2'a
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68
190
115
118
610
1,80(1
pref
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26
Do pref
I012 .American Linsoed
36
Do prof
183^ .\uierican Doconiotive...
15
44
100
117
117-<4
prof
\Y'ill)il.M|l
',
90
30
186
15
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2461a
26
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36
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116
118
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'4
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651a Dec
3334
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,
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90
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24
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77
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prof. rot. tr. ctts.
I'ol.
1
M.\ 30
28 -v
44I4
32 14
'•
16
'16
88
78
170
30
Angle Mi
Highest
Lowest
901a Feb 24
AugK
J My 21
Aug
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3
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06
24
39
159
86 '4
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12,2011
I)o vrt'f
1S2,3 ;3
457, SollllUTU Piiottlo Co
22', Soutlii'rnv.tr. ofs. stinped 1 18,05(1
83 "-J
3,43;
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tlo
Hill
91
M. €fc O. stock tr. ctfs ...
22
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Raiige for J'reviout
Week
12
luT,l
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43
15'a
11 14
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36
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84
84
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5
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44-8 46
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7
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30
187
10
26
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Hange lor Year lfK)3
On Oasis o/lOU-sliare lot;
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IVixas
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93
29
93
139
2834
385
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01
the
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50 '4 62
•160 165
16
16'4
33
34
I113
95
139
"74"'o 77
85'.j 86 14
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17
43
46
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16
17
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162»i!l64
lt>0
ItU*
78
Sales
STOCK
EXCHANGE
-Jl
St.
73
72
•
Stock Record— €oncluded— Page 2
82, 1903.]
STOCKS— HJifHi^Sr AXD LOWEST SALK i'KJCKS
Sntuntaif
Aug. 15
1
1
.
est'n
1-2
Do Istpref
100 163
J'ly
30 224
Jan
7
180
Aor
Jan 234
BANKS AND TRUST COMPANIES— BROKERS QUOTATION S
'
Bunks
Bia
Wash.H'htsT 200
West Sidel,.. 560
We,stftrn new 220
Yorkrllle^, .. 375
BROOKLT.\
Broad way 1|.. 300
..
135
Con'yI.S:BB' 140
fcth Wardli ..
80
i'irst
*
1
Banks
380
Bid
Ash
BROOKLYN
.Manufactrs'. 330
Meclianicslj
210
Mercliants'.. 113
Nassau
Nat City
360
220
3(i0
305 315
215 220
215
!l7th Wardli. 140
Sprague
210 '2
1
Atlantic^:... 105
Borouglil,
125
Brooklyul
ASk
.North
Sidelj.
People's!,
Stuyv't Hts«
175
Unioni;
Wallabout'
.
150
140
Trust Cos.
Bid
N. y. CITY
Bankers' Tr. 300
Bowl'gGreen 215
Broad wavTr. 150
C'lK'tyB&Tr
Central Tr'st
City Trust...
Colonial
345
Continental 625
Eastern Tr.. 130
Empire State 160
Etiuitable
Tr 700
Ask.
Ask
Farm Lo&Tr 1400 1430
Fifth Ave Tr 580
Guaranty Tr 700
Guardian Tr
325
225
152
525
2200
350
355
150
170
725
Bid aurt asked prices uo sales on this day. i Less tliau lOJ snares, i
Exchan ?e or at auction this wee^ o Ex stock dividend,
Sale at S'x>ck
Trust Co's Bid
Exchange Tr
Ex
s
Knick'rb'k'r 890
Lincoln Tr... 360
McV'ck'rRty 240
Manhattan .. 500
Mercantile .. 1000
Merchants'.. 225
Metroi)olitau 585
rigucs.
Trast Go.
d
600
735
170
900
375
250
1100
240
610
1025
J. P. .VIorg an
certiticates. •)
&
Trust Co's Bid Ask
Mut. Alliance 240 260
N Y Life&Tr 1150 1200
N Y'Sec&Tr 1300 1330
North Amer. 275 290
ilO
Heal Est Tr't 390
StandardlY't 325 330
Tr V,u of Am. 260 270
33
TrCoofRpbc 25
Union Trust 1400 1423
USMtg&Tr 450
Unit Stales 1350 1390
VanN'denTr 215 225
Washington. 400
.
Trust Co's
Wind-sor
Hid Ash
215 230
BKOOKI.YN
Brooklyn Tr 430
190
Flatbusli
360
Franklin
310
Hamilton
410
Kings Co
L
^
400
200
375
43i>
L<fcTr.
305
250
People's
360
Williamsb'g. 260
380
Isl
Nassau
Co. certificates.
Baaka mirkel with a paragraph
(11)
..._.«
27!>
are State banks
X
1
New York
MM
H
Exchange— Bond
Stock
octTPYiNi;
i*rtc«
STOCK EXCHANGE
Wekk Exdino ArorsT 21
Ask Low
Biu
L. S. (iovrniinrnl
S 2s oousol r<?^i3tereil.<<1930 Q-J
S 'Js oousol cuu|>ou
<n93u V! J
S 2s ooiisol reg small. . ij UloO V J
V
V
V
V
s
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U
V
V
;>
S
S
S
S
S
6
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TJ
V
V£
small. iUi>;>0
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^
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S
107
106 4109
19'-'.">
g.F
ly04 W-F
1904 y-F
19".'.''
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ci>upon
s
i;
I
lo9
109
134
lOUK;
107 J'ne02
107>4Mav'li3
111 J'ly'03
lOfiSi
110
110
109>2A«g'0;
5s ot 1699 y-J
101%
101>iilO-<JH(
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hese
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class
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e
c 4s
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4s
98
are pr
ices o
102H.Mar'02
Jlar'02
121 jyiar'03
106 Apr'03
lOOKiteU'U'J
lOJI'
*|,111
126
.
104 K0Y'02
136'uJ'ly'Ol
120 Mar'OO
94 >a
94 Hi
94 "a.
eaielened Browu Bros
94'4May'03
98 Hi Oct '02
Jj
Kcsjislfi Clt
otla.
Unili-oail
Alabama Ceut nee So Ry
laba .\luu ^ee &av t'la it
121
106
121
106
J-J
J.J
debt '2-3s...l991 J.J
^VlTKiuia tuiul
lie
'02
Oct '00
109 '4
KortU Carolina cousol 48.191U J-j
68
191'J A-u
So Caroliun 4 S;s 20-40
19;;o j-J
Tenu uew setUemeut 3s..l91o J.J
Small
137
101 Hi
do liar.
96 Hi 9S%
asis 0/ $6(0 X.
to
n the
Uhh;
1894-199;')
H.
101% 103%
marks
Apr '03
ll*i.''l'
S^uiall
(uiiiliU!;
101%
01
104% Sep
Dlsl ol Coluuiom .>t>5s....l924
Louisiana uew oousol 4s. .1914
Missouri
136
1
95 »a Feb '02
lour
....
4 lo 5....19lHi
.
134>4 136H2
137>2Mar'03
lOlSjAug'O;
'i
lOSH.
iof'^ioSH;
109 111>4
109>4 112
1343^ 134 "4 J'ly'03
134
135
101 Hi 102
Stnie Securities
Alabama
107
U)ti>-2l07S> 107^4 J'ly'03
coupon
Mexico
106
lo6K!l07k-
r<-icistereil
ot
106.8
tlillf-
iti;
94
97
94^4
94 14
7%
7"'4J'ne''03
12
i,^-
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it .•?usii
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lyyj A-O
g4s
Ailjustiiicut
93»2
Aiyiij
gou g 43...1UII5 -A-O
/tl995
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99-'58
94>.j
Sale
"88 "I!!";
Begisteretl
/il'J'jj .Vov
/il9',t5 .\I-N
Stami>eit
Chic lib SI Louis I8tt5s..l915 M-S
Atl Kuux .t >;or 1st }[5s..l94ii J D
94
99
Ang'03
Hi
y9% 158
Goia4s
/tl'J4t>
92^4
92^4
9 2 "4
9112 92
99»4 Sale
-A-O
PJun<S: -M Divlstg3'i2Sl925 .\1-N
KegLstered
|;1925 q-b
P L K <fc Va Svs ret 4sl94 M-N
SonlUw IJiv 1st gSHjs... 1925 J-J
Regiatereil
/il925 q-j
Muuou Itiv 1st gu g 53..lyi'J FA
gug OS
194:i J-J
Pitts Ist g 03. ..1921 F-A
Cousul 1st g Os
1922 J-D
94 12
87 '4
cfc
Buffalo & Southwest .See Erie
Batl <fc Susci Isl rel g 4s.(U951 J-J
Registered
dl951 J.J
Bur Cedar
Su
J-D
Cou 1st
tru8tg5s..l934 A-O
Registered
1934 A-O
It <fc
i& col
Ist 5s. 1900
Carb
<fc
Shawn
.See 111
1908 J-J
i;ii:j
M-S
S7%
94 Hi
87%
ao'4 J'iy'02
114'4 J'ue'02
108 Sep '02
Ang'03
112'sll4
115
118><2
103 Apr'97
124'4J'ue'03
118^4
125% Jan '03
101
103
J'ne'02
101%
101%
Apr '03
121
120H2Mar'03
118 Jan '02
CRIF.fcXWlstgu58.1921 A-O
M & St L Ist gu g 7s 1927 J-D
C'Winada South 1st 5s
-'2d 53
Registered
1023^ 103
106% Sale
107
lUlii iVl-S
102%
106%
107
103
106%
Aug'03
Cent
Carolina Cent .beeSeabifc Hoaii
X Y C <fc H
.be«BCK<fcX
Cen Branch U Pl3tg43...1945 J-D
Cen Branch Ky aee AIo Pac
Central Ohio See Balti & Ohio
Carthage
CedR
Ad
it
aee
la KJfcX
Cen RK & B of Oa col g 5s 1937 .VI:Cent of Oa KK Ist g 53..pl945 K-A
Begistereil
/j194.) b'-A
iConsol gold 58
1945 M-N
Registered
1945
List pref income g 59
'Sdpref income g 5s
8d pref income g 5s
:
/)1945 Oct
Cent
<fe
104 >2 Sale 104>4 104»4
lOSHzSep'Ol
»74
75
76
75 Hi
31
Sale
19'e3alc
127
q-J
gn 59.. 1921 J-J
1-/7
Imp
.
Sale
109
Street Knilway
Brooklyn Hap Tr g 59
1945 A-O
All AV Blclyn imp g 5s. .1934 J-J
BkCitylst cou 59.1916, 1941 J-J
Conn
l)i-J
'
Kv<fc
•
102
108
MX
FA
FA
Ll9t<fcrefg448'51 J-J
'-(Jo l»t g58...1933 A-O
<Jo con g 68. .1910 J-J
1 .'t til K 69.. 1911
J-J
.
con g5g.l905
G,
n 5s
a] 916
^.,
..,;,
con
i^,
g5B..1930
J
WarK^^t St C Ky l«t g 6H..iyi3
Met -it Ky gen »i\ tr g 59.1997
Bway <fc 7lh A v l8i c g 58 l«4:i
Ij
;
•
larice Friday,
J-J
4
110 4 J'ly "03
10 4 Aug'03
1153^ 114 4
li5
M-N
M-N
116
M-S 1024103
13
J-J
97%
98
97',
1
97 4J'no'03
106 4 Oct '0
81% 8I34 8114
81
"72 4 "733, "7234"'"7"3"'
AO
J-J
J-J
FA
FA
*90
36
90
9934
•8934
loa"*.
2SI4
31
20
19%
92 Aug'02
108'4Sep'02
102 J'ne'99
103 J'ly '03
127
127
127
109
127
109
*89
102
Jan '99
108
100
974
98
83 Aug'03
85 4"!iau '03
102
110
108
100
99% Oct
95
i
Mar'98
1124 1124
J-D 1124 113'-. 1124
utuot price thus week, a Due Jan
1124
1124
ct Due
80
83 Ht
101
H»
894 97
.
.-V-O
1
A-O 101%.
M-N 101%
M-N
M-S *ioi 102
M-N
103%
,V1-S
114
J-D
A-O
M-N
M-N
10534
114
1
-4% Aug' "02
101
1094-\iig'01
100 J'ly '03
105
114
105
128
Sale
J-J
J'ly'03
J'ly '03
J-ly'Oi
J'ly '03
II414
Di'c'0'.i
20=8
Feb '03
126" i20%
1244130%
108 113%
107%111%
1244126
12434
108
108
107*4 Sale
10734
J
J
108%.
1
12434
J'lv'03
10734
J'ly'03
Miiy'o3
J
102
11
10434
Dec '02
Jan '02
170
11
106 4 J'ly '03
.
1
ti
11141124.
iV6 4Apr'03
110
111 J'lv'03
Aug():>
1 12
109 A«g'03
137 4 J'ly '99
116 Aug'03
10738 AnK'02
183 Feb '03
115 Miiy'03
106i4J'ly'03
11034
11034
11334
.
112%.
108
.
125
.
1164.
104
.
11034
,
lOOV
11
J
J
J-J
J-J
J-J
J-J
J-J
J-J
100
104% 108
113 117%
105 110%
128 1364
68 113 121%
20
J
J-J
J-J
J-J
101
104%
102 4108%
101
1024 Aug'03
170
111
178
111
1064112
11641164
Aug'03
11334118%
111
112
109
11334
117%
1114
il6"'il9%
183
114
,
185
115
105% 105%
1104 1134
109% 1134
112
113
116
117
113
I.3014
119
134
101
104%
954101
112
112
110%110%
106 1094
1074
103% 109
10634
i054il2"
11441184
1074 Met
6 108
iio
98
10
35
1024
97 104 '4
89 ^.
83
85 4 85 4
1114120
7 11241171.1
.vpr
e
Due
.May
Third Ave R H con gu 4s 2000
Third Av(» Ky Ist ir 59.. 1937
MetWS El (Chic) Istg 49. 1938
Mil El Ry it L 30-yr g 5s. 1926
.Minn St Ry 1st con g59..]9!9
St JoRy Lt HitP Istg 5s. 1937
St Paul City Cab cou l' 53.1937
L'nion El (Chic) Istg 5s. .1945
United RR9 San Frsf 4s.l927
United Rys St L Ist g 48.1934
CliicSt40-yr cons g 58.1936
J-J
J-J
89
.s'ub
/i
Due
J'ly
/>;
93% Sale
121
FA
FA
Aug'03
117 4 J'lv '03
116 Jly'03
93
93 4
121>4l27%
4127
99% 108
120
107
98
107
98
824 95
724 89
88% 8S%
714 8934
97
98%
924 93
9434
9434
1054108H»
130% 136%
131>4l37
123% 126<^
714 86
89
52
117'4 J'ly'03
964
1174121
116 121%
93
98%
11714122
9941024
99 4Mar'03
106 Oct '99
110 J'ue'02
J-J
MN
109% Apr '03
109 4 Dec '99
J-J
A-O
A-O
77 4 sale
77
84%J'ne'03
M-N
99
Dec '97
il3
il3
112
113
Due Aug p Due
.Vor
....
7734 180
J-J
iioM nnil Electric Light
Atlanta G L Co Istg 5s. ..1947 J-D
IJklyn U Gas Lst con g 59.1945 M-N
y aab
128% 133%
K-niUvay
St
W
1
105% 105%
111% 115%
127% 132%
1144125
I'lise.
Ry—CCo?i;Ref g4s2002 A-O 89
Col<fe9thAvl8tgu ? 58.1993 M-S 1174
Lex Av & P F Ist gu g 5s 1 993 M-S
1 102
..... ....••
109
98
100
90% 11
,
'02
N'oVOl
93
MS
J'ne'oo
103
9/% 104
70% "794
8334 Apr '02
10434 .A,i)r'0O
101 J'ly -03
984.
J-J
J-J
4114
1144119%
121 J'ue'Ol
11124
103 ib'o 1004106*4
103 Apr '01
112 Miiv'03
-- 112
112
MS
J-J
J-J
1104112
110
1
^
-J
y-A
10941104
1104
AO
,
jr-D
/-J
J-J
-A-O
&
."•tree!
98
con gu g 58.1941
*1U0
El Ist g 4-58.1950
97 4 Sale
KuigaCoEl Istg 4s. ...1949
88
1951 J-J
Nas.sau Elec gu g 4s
City <fc S liy Bait l»l g 59.1922 J-D
<fe tt
100
Mineral PoiutDiv5s
So Jliun Div 1st 6s
SoulhwestDiv lst6s
.UlS(JEI.l..V>EOlJs> ItO.ND.S— Continued on Next
Bk y Co
Bklyn fu
JJiyh
MX
J-J
J-J
t-i
lil'JH'
J'ne'03
104 Hi J'ly '03
122H2Jan'03
gold os. 19.17 J-J
Registered
Am Dock
92
^1945 Oct
J-D
Chatt Div puruion g 4.S.1951
Alacifc NorDiv Ist g 53.1946
ilid Ga <fe Atl Irtrr Sm
1917
1T)1',
Mobile Div l8t g 53
ot X' J geii'l
.Vl-fJ
pl945 Oct
95
W
Since
January 1
100 4 AuJ'o';!
M-S
M-N
g 3s. ..1949 A O
1949
Eailway 1st lien 3 4s... 1950
Registered
1 950
Chic B & tj— Chit laD 5s 1905
Denver Div 49
1922
Illinois Div 34s
1949
Registered
1949
Iowa Div sink fund 5s.. 19111
Sinking fund 4s
1919
Nebraska Extension 49.1927
Registered
1927
Southwestern Div 4s
1921
Joint bonds See Grerft North
Debenture 5s
1913
Han <fc SlJosconsol 6s. .1911
ChiCife E HI Istsf cur6s.l907
l8l cousol g 6s
1934
General consol 1st 5s
1937
Registered
1937
Clue it Ind C Ky Ist 59.1930
Chicago & Erie See Erie
Chic In it Louisv ref 6s. ..1947
Refunding gold5s
194
Louisv X A & Ch 1st 69.1910
Chic Mil it St Paul cou 78 1905
Terminal gold 5s
1914
Geueral g4s series A..el98y
Registered
el9S9
General g 3 4s series B.pl989
Registered
el 989
Ohic& L Su Div g58... .1921
Chic <fe Mo Riv Div 5s. ..1926
1910
Chicife Pac Div6s
Chicifc P
Istg 5s
1921
Dak& GtSo g58
1916
1924
Far <t Sou assu g 6s
Hast<$5 DDivl8t7s
1910
1910
1st 5s. ..
,=>
1910 J-J 105%
127 91% 95 '4
1910 J-J 11034 Sale
94
94 4
1909 J-J 109%
109% 109%
37'7
99 4103 4
112 J'ly'03
Wisife MinuDivg58....1921 J-J Ill
100% 102%
113 .M.iy'03
MU&NolstM L 6s. ...1910 J-D 11114
97 100
1913 J-D 115%
116 J'ly'03
l8l cousol 6s
130I4 J'ly'03
884 91
1915 q-F 129
Chic <fc North w cons 7s
104 4May'o3
Exteusiou 4s
1886-1926 F-A
2 944 974
106% Oct '02
Registered
1886-1926 FA
59 86 4 8934
20
96
General gold 3 4s
1987 -VI-N
954 954
Xov'98
Q-F
103
Registered
pl987
Sinking fund 68.. .1879-1929 A-O U3 4il8 112 May'03
110%May'03
Registered
1879-1929 A-O
108
108
Sinking fund 58... 1879-1929 A-O 108^4
10634 Mar'03
Regi8tere<l
1879-1929 A-O
Debenture 58
1909 M-N 104% Sale 104% 104 Hi
10o4Dec'02
Registered
1909 .M-N
1921 A-O *i08"lil!!! 105 4 108
Debenture 5s
114 Oct '01
1921 A-O
115 1184
Registered
114 4Augy3
Sinking fund deb os
1933 M-N
123 May'Ol
Registered
1933 M-N
I24I4I28
DesMo&Miiin 1st 79. .1907 FA 1054
106 Nov '02
125 125%
Jlilwife Madison Ist 6s. .1905 .\1-S 1024
1054
08 Oct '02
North Iliinoi9 1st 59. ...1910
05% May'03
Oil C F & St Paul 1st 5s 1909 M-S 105%
11% Aug'03
Winona* St Pet 2d 7s. .1907 M-N 111%
M-N
West
27% Aug'03
10034 105
S
&
Ist
1921
127%
MU L
K 6s
15
115
120 122
Ext & Imp sfund g 5s 1929 FA 115
424 Feb '02
Ashland Div 1st g 69. .1925 M-S 13U%
12041204
Mich Div ]stg6s
1924 J-J 128% Sale
28% 12S'>,,
07% Feb '01
Convertible deb Ss
1907 FA
14i4Sep '02
1911 M-N !!I!!iio9'
102 1054
Incomes
21 '4 Aug'03
10514 io,s% Chic Kock Isl & Pac 6s... 1917 J-J
121%
20 4 J'ly '03
Registered
1917 J-J 121%
104 4 107
00
100
99 4 100
Geueral gohl 48
1988 J-J
07 Jan '03
Registered
1988 J-J
98
98
Coll trust Series B 4s. ..1904 M-N
99%J'ne'02
1910 M-N
H4s
994J'ly'02
1915 M-N
M4s
92
94 14
99%J'ne'02
1916 M-N
N4s
87 Aug'03
1918
P4s
74 Sale
74
76% 374
10441074
Chic H 1 <fe Pac RR 49. .2002 M-N
Re-isteied
2002 iM N
88% Jan '03
12241224
75 14 Sale
75
78 406
1913 il-S
Coll trust gold 5s
9/ May'03
91
35 102 109
DesM & FID l8t48
1905 J-J
'03
J-J
Jan
93
89
l8t24s
1905
9434 Jan '03
Extension 4s
1905 J-J
91
9 68
80
105 4J'lj''03
Keok <fc DesM Ist 58.. ..1923 A-O 102
265 24
39%
24 18
Chic <t St L See A tch T & Sa Fe
27
Chic St L <fc X O See 111 Cent
Chic St Lit Pitts SeePennCo
13? J'ly'03
Chio St P W «t O cou 6s. ..1930 J-D 12T
131i4M»y'03
Oh St P & Minn Ist gOs 1918 M-N
103 103
I26I4I34
137 4 Sep '02
Nor Wisconsin Ist Os... 1930 J-J 123
124 J'ly 'OS
St P& 8 City Istg 6s. ..1919 A-O
126 133 4
'74"
14
Sale' 73
74
108>4 113 4 Chicago Ter Trans g 49. ..1947 J-J
91^4
92
94 H« Jan '03
99 H2 1 00%
102 Hi May '03
07 Aug'03
94 4
"8i'^4
Mall 1st
<t
Koch
92
Chic <fc Alt RK ref
Registered
Hange
5
Au Low Jiigh
104"
i 00 4
l01%Aug'03
100 102%
Ask Low
Bui.
J-J
E"xten'i.9t7s!!.iiil908 J-J
I <t
Lacrosse
I) Ist 5s. ...1919 J-J
88% Aug'03
W
CI
99
93
I
MS
Cen Oliio K Ist cg4'i2S..193U M-S
Beech Creek Hee i," Y C <fc H
Bellev <fc Car ^'ee lUiuoisCeut
Bklyu (k i^luutauk Hee iioug 1
Bruus i& West Hee Sav Kl ife W
Bullalo JN' Y <fc Erie Hee Erie
Burtalo Hdc y geu s 5s. ..1937 M-S
Ail it West Istg 4s gu..iy9o
102%
102%
Cent Pacilic See So Pacihc V.o
Charles*; Sav 1st e 7s
1936
Clies & Ohio g 6s s'er A../il908
Gold 68
(11911
Ist cousol g 58
1939
Registered
1939
General gold 44s
199
Registered
1992
Craig Valley 1st g 5s
1940
R & A Div 1st cou g43..19S9
2dconsol g4s
1989
Warm Spr Val Isl g5s..l941
Greenbrier Ky 1st gug Is '40
K eelc's
Hanfie or
Last .sale
1/
Ally list 21
Leh it WUks'l! Coar5s..l912 M-N
Cou est guar 44»
,(/1910 Q-M
N Y ifc Long Br geu g 49 194 .M-S
D
/fl94s y-J
1911
Registeretl
Couv aeb43
34
87
W
/iiy25 <^-J
98^4
9734
86 Hi 92 '4
75
75
84
92^4
114'2 0ct '02
Atlaulio Coast 1st ({4s./lli'o2 -M-S
Atlaulic Ai Dauv Hee South Ky
AUaulic dc Vailk 6«e .South Ky
Austin <b 2s'
i>«eSou PaciUc
Creek Si S Hee Alicli Ceul
Bat
alt& <Jluo prior IgSSjs. 1925 J-J
Kegistereil
93 Hi 96
97^4 j'ly'03
87 "a Aug'03
75 J'ly '03
86
J^ice
tYida
(
IOC.
/ilitlt'
Kort'iioi (ioverniiieiit
Frauklorl-uu-Maiu 3S;s sir 1.. \I-S *94 ...,
These are price £ oil the oaeis oi
U
Jiiyti
106''8Atig'03
lOOJ* J'ly '03
107
UOM)S
N. Y.
St lice
J
small boutts..ltl91^ y-F
Coil small boiuls../<."191S g-F
reiristereil
A 1907 ^J
coupuu
A 1907
Js
3s
49
is
4s
4s
5s
5s
100
i'l
i'\«;ks
STOCK EXCHANGE
Januani 1
Wkkk Knui.nu Adqust 21
Low High Centriu 01 X J— c'lmtuiKt'c/;
Le it Hud K gcu gu g 5s 1920
or
Last Sale
ICaiifje
H
,
Weekly and Yearly
Record, Friday,
Koi'ij
Jianc/e
IIVeA.-*i
N. Y.
Augiitt
1
i/Due Dec
109% 113
75
84
80"4
85%
15 112% 117
iOption sale
August
22, 1903.]
aosua
stock exchange
Week enui.no avoust 21
U
2ilKoUt
ly
4'-js
WeeK's
J^ice
fVidaii
Kange or
August 21
Last' -Sale
Ask Low
Bid
ChiCife West Ind Ken KOsq 1932
Wi-st M;cli Kyos..li>21
Cliic
Ohoo Uk .t Ij !,'t>u j; 5s ...oliHi'
oousol s r 7i»...liior)
Cui
Jc
C
AO
104
109
AjuHf
lO'.i
Mar'o:^
1 1
J-J
IK;
1H>4
J'ue'03
W
o
luii it
it
JJ
w
iiiiiiis'
i-j
J'ly'03
103
102
95
Maj-'03
Oct
95
103
96
1
100
'02
95
95
100 '4 104
J'ne'OJ
114>4a'nc'03
120 J'ly'03
114'4ll4'4
120 129
127'a
95
60
110
127ial33'V
63
,
93
55
110
6V
110
Aug'03
128
J'iie'02
81
70
72
J'ly'OS
8378
Si.\
Sale
Registered
gu g ai-js
NY
&
Lack
W
1st G3...1921
Construction as
1923
Term <& improve 4s
1923
SjT BingJfc N Y Ist 78.. 1906
W'arreu 1st ref gu g 3 "28.2000
Del <t Hud l8l Pa Uiv 78.1917
Kegistered
1917
&.lb A SU8 Isl con gu 73.1900
Kegistered
1900
Guar (?old 68
1900
Kegistered
1900
Bens i& Saratoga
130^4
JJ
70
45
80^8
83 1-2 94 H;
FA
1st 7s. 1921
106
60
Gold 4s
1995 J-U
1951 J-U
Det Sou Isl g 48
Sou
Ohio
Uiv Ist g 4s... 1941 MS
Diil<& Iron Range Ist 5s.. 1937 A-O 109
Kegistered
1937 A-O
1910 J-J
All g 58. .1937 J-J
i'lo
Minn Aee St P xM & M
Xjast Ten Va & Ga Hee So Ky
102
"^
103
169»4 11338
Feb '03
102
136
J'ly'03
102
137%
Aug'Ol
>i2
60
10812 111'4
IO5J4IO514
10
Aug'03
60
97 14 9934
104 '4 107
105 108
60
Y&
W
Mid RKotX
K \' Sns &
W
111
Feb '01
Jan '03
89^4 May'03
109 Aug'03
84
78
84
11 412 115
<t
Pitts
H
.See
Penh Co
J-U
M-S
135
,
9 6 ^e Sale
82 H Sale
F-A
89
90
J-U loe^z
lllSgllS
J'ne'03
Aug'03
II2I2II5
114 May'03
113i4M.ay'03
112
112
117 Dec '02
10176J'ne'03
134 J'ly'03
130 Aug'03
39
9638
96',
97 May'03
82
83 186
8914
8978
125i2J'ne'03
10
114 114
1131411314
112 112
101^8 101^8
I32I2I39
130 135
9534
9934
97
98
79 12 88
94 14
87
I2512I301*
M-N
A-O
A-O
M-N
f
119
1
.103
12934
106
F-A
F-A
Dec
U8»2Apr'02
110
107
M
'0-;
Oct '98
9734
110'2 110»2 J'ne'03
1 11 Sz J'ly'OS
....
lOl-'gMay-OH
....
98
....
115
119
107
99
108
Aug'03
May'03
107 »2 J'ly'03
121
104
112
115
II711).
I2II2
Aug'02
134>2J'Iy'03
109
M-N 111^2....
M-N
J-U 106 109
& St P
l^argo <fc bo aee Ch
hut <fc PereM 6ee Pore Mar
17 »2 Aug'03
11334
J-J
J-J
LN
MS
74
75
95
95
105
114
Co c g 58.1949 J-D
Gr Rap G L Co Isl g as.. .191.'
Hudson Co Gas l.st 5s. .1949
Kings Co El L & P g as. ..193
Purchase money 6s
19>)7
Ed El 11 Bkn Ist con g 4s 1939
Lac Gas Lot St L 1st g 5s. el 919
MUwiiukfe Gas L 1st 4s.. 1927
sr
•No price
117
J'ne'03
J'ne03
I3412
89
941a
103
10 I027el06'«
105
13 104
1094
100
10534
11214
nSVi
J'nc'03
11214Mhv'03
llSioMai'OO
A-O
M-N
M-N
J-D
104
12.
103
RR See Erie
A & G R A'ee L S & M S
120
103
122
106
102
Miiv'03
94
Mar'03
104
102
J'ly'OS
J-J
FA
M-S
Oct
10134 102
94
94
102>4l04
'01
103 J'ly'OS
104 "8 May'02
IO6I2 Mar'03
9334 Aug'OS
i
of '4103 4
1064 1064
92 14 95
May'99
8534 Aug'OS
8534
97
97" "97"
123
94
1
J'ne'03
Oils Oct '99
85»*
Nov'OO
100
10738 May'03
10738111
May'Ol
90 Nov'98
1 25 "s Jan '03
126i4Nov'02
124
10408
98
12541254
Apr '02
10641064
lOeiflJan'OS
Mar'02
101
10334
107 12 Mar'03
107i2Dec'02
98 12 J'ly'03
.
107 4107
4
9S4102
IIS41234
II8I4
II8I2 II8I2
9618
90
7312 74i4Peb'03
IOSI2 lOSKi
10734....
92 J'ne'03
100
75
95
70
108
91
yeifiSale
Knoxville & Ohio See So Ky
Lake Erie <fe Wist gSs.. 1937
2d gold 5s
1941
North Ohio Ist gug 58.. 1945
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
Registered 5s
1997
Leh Val N Y 1st gu g 4I2S.I940
Kegistered
1940
Leh V Ter Ry 1st gu g 58.1941
Registered
1941
Leh V Coal Co 1st gug 5s. 1933
Registered
1933
Leh&N Y 1st guar g 4s.. 1945
Registered
1945
1st g Ist pt 68.1914
Gold guar 58
1914
EIC&N
& Hud R See Cent o£ N J
& Wilkesb See Cent of N J
Leroy & Caney Val (See Wo P
60 12.
J-J
116
J-J
IIOI2.
66 12
G634 102
63 Oct '00
1154
934
HI
lo
J'iie'02
May'02
654 71%
1154120
116
Aug'03
116
110
.
A-O
llSig
109
ill
J'ue'03
1144
M-N
M-N
103><2.
110i2Feb'02
J-J
J-J
105
106 lo Aug'OS
10641084
109i2J'iie'02
llS'-'s J'ue'03
1134114
106
.\-o
.\-o
104
J-J
"90'
.M-S
09 12 Oct '99
108i2Sep'02
1
JJ
M-S
A-O
A-O
"97'
95
J'ne'03
"93
100
Mar'03
100
100
118
Jan '03
118
118
4
Leh
Leh
ii'ee
Erie
Ist con g5s.7i.1931 Q-J
Ist consol gold 4s
?il931 y-J
1938
1922
1932
Unified gold 4s
1949
Debenture gold 58
1934
Bklynifc Mont 1st g 6s.. 1911
General gold 4s
Kerry gold4i2S
Gold 48
J-U
Unified gold 4s
Registered
1940
1940
Coll trust gold 5a
1931
Cecilian Branch 7s
1907
E H & Nash 1st g 6s
1919
LCin& Lex gold 412S... 1931
N O & M 1st golil 6s
1930
N O & 2d gold 68
1930
Nc.vt
J-J
J-J
J'ly'oy
1 00 12 J'ne'03
Oct '00
98'-.
100
997eJ'ly'0b
111 Jan '02
97731004
1054 1054
105 14 Mar'03
112 Mar'02
112i2Jan'02
112 12 Apr '02
II512 J'ly'OS
111 Aug'OS
9812 99
9334
1144118
111
99
11
11214.
.M-N
J-J
J-J
Jan '02
11 2 14 J'ly'03
106 Dec '00
110
II2I4 Aug'03
IO8I4 Jan'03
11141144
10841084
.128
126 May'03
124 5, Apr '02
125
1134
129
Page.
and Electric liiglit
Mnt Fuel Gas Co See Peop Gas
Newark Cons c;as con g 5s 1948
X Y G E L H <t P g 5s. ..1948
Purchase money g 4s. ..1949
Ed El lU 1st couv g 5s. .1910
J'ne'OS
95
J'ne'03
74
79 7f
93 4 99
105 105
Dec'02
105
Q-F
104
95
JJ
1
1334
Aug'OS
Aug'OS
934Ma\'03
i034i04'
104
J'ly'(l2
Friday; latest bid and asked this week, a Due Jan
L&P
&
&E
2d guar gold 6s
1st con gold 6s
Refunding gold 5s
01 4 Oct
10734 Dec '00
F-A
1st coneol goUl 5s
1995
NY'cfeQEl
1st con g 5sl930 FPaterson
PG
5s.
1949
g
Peo Gas <fc C 1st gu g 6s. .1904
105
105
1904
1943
1947
1937
CliGL&Ckelstgug5s
Cou G Coot ChlstgugSs.'SO
Eq G & F Ch 1st gu g 6s. 1905
1034
.May
/t
Due
J'ly
10334
884
8934 Sale
1044
106
1194 114
101
994
100
117 14 120
ioo
118 "12.5"
93 '4 96 4
Mu Fuel Gas 1st gu g 5s. 1947
104 1084 Syracuse Lighting 1st g as. '51
Treuiou G it El 1st s 5s..l949lM-
6DueFeb dDueApr eDue
j
112
9741014
100
.M-N
M-S
J-D
1024
1004102
100
9934 100
VB&M
Y&
'01
M-X 105
AO
AO
M-N
100
M-S
J-U
M-S
J-U
110'«112i2
M-S
1st 5s
1911 M-S
109 114
N
9734 103
Blstcoug5sl935 xo
N
R B Ist g5s
1927 M-S
99 lOO's
NorShB 1st con gguos 01932 Q-J
108 117
Louisv & Nashv gen g 68.1930 J-U 116
Gold 5s
10713112
1937 M-N
130
<fc
Beri;
IO4I2
105
^T^ 96
tias
FA
Gasit Elec
MS
AO
W
iUlSCELKA.NEOL'S BONU.S— Continued on
Ed E 111 6e« N Y G & E L H & P
Eq G LN Y 1st con g 5s. .1932
Eq G & Fuel 6ee P G C Co
1953
1921
1951
1951
1951
M
lias aiiil Electric Light
Buttalo Gas IstgSs
194 A-O
Ch G L & c Co 6ee P G <fe C Co
Columbus Gas 1st g 5s
1932 J-J
Con Gas Co see P G & C Co
•Detroit City Gas g 5s
1923 J-J
Det Gas Co cou Isl g 5s...l91S
Ed El 111 Bku 6ee K Co E L & P
104
103
J-J
J-J
Gold 312S
J-J
Registered
1951 J-J
Spring Uiv Ist g 3I28... 1951 J-J
Western Lines Isl g 48. .1951 FA
Registered
1951 FA
Bellev it Car 1st Os
1923 J-D
Carb & Sliaw 1st g 4s... 1932 M-S
CUic St L & N O g as.. .1951 J-U
Registered
1951 J-U
Gold3i2S
1951 J-U
Registered
1951 J-U
Memph Uiv Ist g4s...l951 J-D
Registered
1951 J-D
St L Sou Isl gii g 48
1931 M-S
Ind HI & West See C C C & St L
IndDecife
1st g 5s
1935 J-J
1st guar gold 5s
1935 J-J
lud 111 & la 1st g 4s
1950 J-J
Int & Great Nor 1st g 6s. .1919 -M-N
2d gold 5s
1909 M-S
3d gold 48
1921 M-S
Iowa Central 1st gold 5s. .1938 J-D
Long Uock
Long Island
J-J
J-J
Ml Vernon 1st gold 6s. .1923 A-O
KvUl Co Branch Isl g 5s. 1930 A-O
Ev it lud 1 St cou gu g0s..l926 J-J
A
132
130
J-J
J-J
J-J
J-J
it T
1st cons 68.1921 J-J
1st general gold as
1942 A-O
Evans
114"% 114
MS
Central Ist g4s..l951'
1951
Kegistered
1951
1st gold 31-28
Registered
.....1951
1951
1st gold 38 sterling
Registered
1951
1952
Coll Trust gold 4s
Registered
1952
O & Tex gold 43.. ..1953
Registered
1953
Cairo Bridge gold 4s
1950
lliuois
IVan & Mich See Tol & O C
K C Ft S & M See St L & S F
KCifeMR<feBlstgTig58.1929 A-O
931410012 Kan C & Pacilic See M K & T
93I2 Kan City Sou Ist gold 3s. .1950 AO
91
Kegistered
1950 A-O
85
84
Kentucky Cent See L & N
92
89
Keok & Des Mo -Sec C K I <fe P
10816114
100^2 J'ly'03
91 J'ly'03
M-N ni3i2
.MS 113'2
M-S lll^a
A-O
M-N
J Istg6s.l910 A-O
Isl ref 5s. 1937
2d gold 4128
1937
Geueral gold as
1940
Terminal Isi gold as... 1943
Regis ^5,000 each. ..1943
WOk & Ea Ist gu gas. 1942
Erie
M-N
102''8
90 7^ 394
26
90
JeBerson
80
ti>astot
Elgin Jol it East 1st g 5s. 1941
Elni Cort <t ^"o aee Leli ifc N V
Erie Ist ex t gold 4s
1947
2d ext gold 5s
1919
8d ext eold 4 i^s
1923
4tli eil gold 53
1920
etliext gold 48
1928
Ist consol gold 7s
1920
1st cousol g lund 73
1920
Erie 1st cou g 4s prior. .1996
Kegistered
1990
1st consol gen lien g 4s. .1990
Kegistered
1990
Peun coU tr g 4s
1951
ButlJS'
Eriel8l7s..lyi0
Burt it S
gold 68
1908
Small
1908
CliKi & Erie Ist gold 5s.. 1982
Jett KK Ist gu g 58
al909
Long Uock consol g 6s.. 1935
Coalcfe KK Ist cur gu 6s. 1922
Dock <fe Imp Ist cur 6s. .1913
K Y & Green L gu g 58.1946
102^8 Sale
W
1/ ai
Des M & Minn See Cli <fe X W
Des Moi Un Ry 1st g 5s. .1917 M-N
Det M it Tol aee L S & .M So
Det & Mack Isl Ueu g 48.1995 J-D 100
<fc
02 i-i Aug'03
98>2
99
106^8 May'03
V.'.'.'.'.iW
DesMoi&FtU AeeCR&IP
12634 13112
10 10834 115
J'ly'03
J'ne'99
105'^ J'ne'03
lll''>8Feb'02
14334 Nov'02
147i2J'ne'02
IO513.
A-O
A-O
126"8
1083,
10934 J'ne'03
1 36
149
109
122
ib8»-i;
CoDSol gold 4*28
1936 J-J
Iniprovenieut gold 5s. ..1928 J-U
Bio Qr So gu aee Rio Gr So
Den it S Wtst gen s t g 5s 1929 J-D
2d 68
1
102
M-N iioi^
Begistered
1921 M-N
Del Riv KK Bridge aee Pa KK
99 Sale
Deny it K Gr Ist cou g 48. 1936 J.J
Dnl So Shore
Oci '98
126^4
108^4
893,
891-2
1999 J-J
Ki-gislered
Col & H V Lst exl g 4s. .1948 A O
Houst E <fc
Tex See So I'ac
Registered
113 117
1291413312
13012 134 >->
J'ly'OS
J'ly'03
130^1 Aug'()3
114
130
E-A 109
102 14
M-N
A-O 1101*
AO
N Y N H Ji H
Kegistered
126^4 Sale
M-S
.MS
A-O
ousalonic See
Middle UivregSs
St Louis Uiv gold 38
140
100»al06
10 106i4l09»4
107 H0>a
IO6I4 106i<
107 J'ly'03
90*4 Sale
Louisville Uiv gold 3 128.1953 J-J
.
Apr '03
112»t
85
W
Hock Val I8toousolg4i28.1999 J-
I
W
1915 J-D
1915 JD
2000 J-D
103
SO
80
Oswegat ,Ve«NYCent
Rapit Ind .scePenn KK
Gray '3 Pt Term aee St L S
Gt Nor— C Bit y coll tr4s 1921 J J
1921 Q-J
Registered.
(rreeubner Ky Nee Ches ifc O
Gull it S 1 1st rot it I g 58 <<1952 J-J
Han it St Jo aee C B <t y
(iraiiil
I
100
82
110
67
.
Ao Low High
Higli
HoustifcTexCen ibeeSoPacCo
9 5 '4
94
60
Sale
80
103
lOoS.
,
Sep '00
00
106'oFi>b'02
105 Mar'98
103
104
Sale
106i4Sale
ia it
<fc
104
/i,
104'aNov'Ol
AO
Col Couu it Term Hee N &
Couu it I'us Uivs 1st « 48.1943 AO
aee CM & St P
it Ut So
Dak
alla-s it Waco
aee M K & T
Del Lack it Western 7s... 1907 M-S 113H.
Morris it Essex Ist7s...l914 M-N 129»8.
Ist ref
'alHaritSA .sccSoPacCo
Tal Hifc H of 1S82 1st 58.1913
(4ouv
00^8 103 W,
Dec •02
Sale' 127>a
A-O
I'.liHi A 1.1
Iuconie4s
CI Lor & Wli con 1st a 5s. ItKJiJ A O
Clev it .Marietta aee Peuu KK
Clev it Maliou Val gd8...ly3S J.J
UeRistereil
193S y-j
Clev it Pms aee Peuu Co
Col .Midlaml 1st i; 4s
1947 JJ
Colorado it Sou 1st g 4s.. .1929 FA
Coluiu it lireeuv Hu So Ky
Col & Uock Val Hee Hock Val
Ist cousol guar 7s
HW
IDS
SO
1
Ala Hy 1st cou 5s. .01945
Car it No Isl gu g 5s. .1929
Georgia Pacillo aee So Ky
Gila VG it Nor iee So Pac Co
'02
101
104
120I-.
127
1st pi :.s...<asi;is li-J
East l8t cou 4s...lit40
'
95
95
110
'
I'.KU
I'.i:i4
KfKislereil
Inil Kl it
l8t i>rel 4s.l'.U0
Peo
QF
it
t>s.
U U t'o 1st g 4 SjS. 194
1 92
Den C 1 St g 6s
it Rio Gr Isl g 3-48. 1928
ort St
EI VV it
!•
06
96
lomjOot
,
JJ
Geueral cousol .Kuld
1943
Consid gold as
i()7"i'o9"
1
tia
JJ
CI cou Ist K as.. 1028
liU4
1 coiisolTs
lill4
Coiisol siuk luuil 7s
'
1st g as.. .1918
Ist laud gr c.\l gold as.. 1930
^
JJ
cm S it
li
'01
Oct '00
Ask Low
FlaCenA Pen
Jiang*
Since
Janxiary 1
.
Kanyc or
Last Sale
Aui/uat 21
Bid
.---lllll'-jllO^V
•
MN
MS
CCC
X. y.
1
Week's
J'rice
Friilaii
STOCK E.XCHANGE
WkEK ENUl.Nli .WQCST 21
since
January
I
96 Sale
l'.'!'''<
j-n
lieut-nil s 4s
96
H'jI'
Cairo Div Isl solil 4s
9510
.e4s.Hi!il
Uiv
1st
CiD
St L Div 1st cul tr g4s..l;)!lU M-N 100
H'iKi
KeKi»t«'r»Ml
100
Sur*Coll)iv 1st >; •!>*.. I'.uo
Val Uiv let K4S...1SI4U
C I St L. C oousol Gs..l',IJU iVl-S •ibo'
tliUili Q-F
l8l Jfolil 4s
VI SKiti
Heir islore it
A
Dec
113
Oin 5> it C aee V C C St L
CieartuUl A Mali ate B K <fc P
Clevciauil Ciu Clilc it St Louis
WAM
Kange
s3
387
tliyli
iiiigj-iyos
CiuUdiil 1st gu K a8...1'J-ll M-N
*<» C C C A St L,
I !sl L <S> »J
WW
.
Bond Record— Continued— Page 2
n. y.
&
U
J
1
;
fcUueAug
'
ios'
103 'e 44y 024112
974
893^ 16n 87
il04
107
J'ly'OS
Aug'OS
[114 life
103
J'ne'03
102
1074
101
4 J'ly'03
101
10(1
J'lv'03
117
117
1034
1024
1254
1074
100
110
IO5I4 Apr'OS
100 J'ly'OS
100
109
105
103
105
105
102
104
1084
1034
105
J'lie'OS
J'ue'itS
Feb '03
Feb '01
Due Oct a Due Dec
1
09
1
105
.
«
Option sale
.
J
11
)
03 3
UOna Itecord— Continued— Page
IJONUS
yvice
STOCK KXrHAXHE
Week t-SDiNii ai'gist 21
LouiST<)E a »shy—(Continued)
Y.
i».
K"'it "^
M-S
H>Si>
MS
Heuiicr Hilae 1st s f p Os. 1;';! 1
Keutuokv Cent coUl -ls..li<ST J-J
M*M
X
L<fc
it
li
X-South
>; t'la* ^ Ist
A
Ki>s.-.1'.'3T
Pens
Atl 1st irii g iis..H>-Jl
4> ifc >; Ala con sru g 5s..l!t;U>
&
Sink
97
J'ne'OS
107>.j J'ne'03
So Sale
105 S:
110
J-J
b-A
K-A
F-A
eu
V.
S4<-j
li;i
KoUl^s
li»10 A-O
li.lne Co su jt 4s. li>4.". M-S
.
85
97
40
J-ly'03
Aug'03
110
115
110
100
tuiiil
L A- J etr
L X A A- Cli 6Vf C A L
Maliou Lual iV.- L A- M
BONU^
Jiani/6
Since
1 = Jamiarii
55*
1
Xov'99
113
98
ist >r4 S-s li>4r. \t-S
M joint 4s.lii:i'^
1071a 107 V;
84
113
110
Kegistered
113
Gold 3 las
uo"i"u"
lOPj Sale
AG
103T8Dec02
ioS's
WM
Wt'tnipohtan El
Mt'x Cent consul
2il
4s.. lit; i J.J
income s 3s.nl;':f'.' fly
consul income .g 3a. .« li'o .Ily
•Jil
&
cullKulilos
series kuIiI 5s
Coll tr
t:
li'H'
1!>0T
FA
MS
ser
con K4s.lilT7
1st
stanii>eil iniaranteeil
Ilex North
Mich Cent
MiilolN'J
Mil L S <6
Mil & Mad
1st Kolil
100
104
ibs"
iVfi-j
73 Sale
16 Ha Sale
72 Vj
73
15-8
17>4 346
10^4 Sale
10
11
81
93 "4 Sale
92'4
93-*4
55
11
i-j
80
121a
281^
183^
92
97
90»8J'ly01
M-S
1910 J D
May'OO
105
See S V Cent
A«« Kne
aee Cliic A
See Chic A- X \V
MuArXorth &«« Cll & St P
Minn A: St L, Ist ?olil 7s. .1927 J-D
100".' JI)
Iowa Ex Isl solil 7s
Pacilic Ex 1st trol'l Os... 11121
South West Kx Istg 7s. 1910 J D
1st consol !»olil5s
iy;-!l M-N
1st anil retuuil fioUl 48..1i»li> M-S
Minn A: St L iru tiee B C R A- N
Plst 5ssii>il4siut srii 1930 J-J
XW
W
M
144V!.'Vpr'03
llOSj Feb 'OS
123i.2Apr'0;!
121
Jan '02
1411-j
114
AO
no's
105
1 09
144ial4r.3»
97-^j
1 034 1 1 03^
12.5 'a
1
1231a
Ang03
109
1 12
109
120'v
9734 1033.,
Aug'03
M*
M S S .M & A 1st
i;
vu
4 int
J-J
1J»2«
MSIPA- SSM Coiii.'4iiitKu'3S J-J
Minn Un «ccStl'AIAil
Mo Kan & Tex
1st g 4s. ..1900
1/1990
1920 -M-N
1st consol gold 6s
MS
1920 K-A
Cent Br Ry 1st gu g 4s. 1919 FA
LernvAiC VAListgos 1920 J-J
Pac R uf Mo 1st ex g 43.1938 FA
2<t
6t
L,
95
7S
Aug'03
75
100
Oct '02
Sep '02
Way'03
102
1051a 106
97
106
109
107
.118"- 118
Aug'03
104
104^4
102
92
100
J'ly'03
90»j
100
extended gold 5s. ..1938 J-J
MA- Sgen Con g 5sl931
102
ill
"
11034
111
111 Aug'03
8514
8512
Sale
"ss"' "sH'
XJnilied& ref gold 4s. .1929 J-J
Venh VIA \V 1st g 53.1920 MS
Hob A; Birin prior lien g5s 1945 J-J
Mortgage gold 4s
1945 J-J
Mob Jack A; K C let g 5s.l94C J-D
Mob & Ohio new gold 6s.. 1927 J-D
May'Ol
Aug'03
Apr'03
90
105
v.
106
118
122
10234 10738
91
1221
93
Apr '02
102
122
J'ly'02
lOlSglOSij
112 113
33 110 115
111 111
36 84
91 la
Aug'03
122 1271a
12438 1251a
9134 971a
114 1151a
FA
93
93
M
W
12284 124
111
I
115
M
NH
N
NJJuncRR Se«NYCeut
New Cin Bdge See Peun Co
N O A N E prior lien g 6spl915 A-0
N Y Bkln A; ilau Bch See L I
N Y Cent A II Rivg 3'28.1997 J-
95 »4 9534
95
1997 J-
..1884-1904 M-S
Kegistered
1884-1904 M-S
Ee gist deb 58 of...l«89-1904 M-S
1890-1905 J-D
Debenture g 43
Itegistered
1890-1900 J-D
1905, M-N
Debt cert« ext g 4s
lOOoiNI-X
Registered
Debenture 58
of.
Lake Shore coUg
3'28...199>5i
10
10
98
73
1031a
7979
FA
'.'.'.'.'.'."si)'
'.'.'.'.'.'.'1^8"
2d gu gold 58
Beech Cr Ext 1st g 3 "-js
.\.0
;]
b
I9;i(;
1 0", ]
-
./ '
la
Nov'02
8838
8934
38
88 14
801a Ang'03
91 Jan '03
108 May'03
106 J'ne'98
4
88 14
JJ J
I
104
105 14
103^8
101 '8
"9934'
106=8
100
100
10038 100»8
100''8Apr'03
93
Sa-^ Sale
95
100
101
100
'97
9934 J'"ie'03
99 Dec '02
"99''^io6'
F-A
F-A
F-A
Sep
87
80i4
86
91
1
94 '8
91
92 7g
91
07 14 108
4s. .1991
1992lSep
FA
iJinii r»iv lat
M
J-D
J-J
JJ
MX
C
Co
1st
10234
10513
98
J'lv '03
98
105
114
Jairo:
105
105
124
139
124
139
Feb '02
124"
Jan'b";-
139
Jan
'03
112 11218
123ial25ia
i'l9"iibec''b2
1 17
J'ly '03
11334 Jan '02
107^1^
117
Peb'(W
I22I4
10738 1071a
105
101
102 1033<
02 14 1 0-.
103 May'03
1
123=
13134 Aiir '03
12834 I3I84
101
06 14 May'03
105 May'03
loei*
10334 105
105
1
100
M-S
M-S
KegKstered
Pocah
C&
M-N
M-N
FA
Cjoint4s..l941 J-D
1922 J-J
1989 M-N
See Chi & X
L
Erie
..100
99 7e
101
IO414
130
132
132
96I3 97
"89" Sale
W
&W
Nor Pac— Prior lien g 4s.. 1997 Q-J
1997 QJ
a2047 Q-F
licgistcred
General Uen gold 3s
Registered
a2047
C B A: Q coU tr 4a See Gt Xor
St Paul-Dul Div g 48
199(
Registered
1996
StP A; N P gen g 6s. ...1923
Registered certi lie's.. 1923
St Paul & Dul 1st 5s
1931
2d 5s
1917
lst consol gold 48
1908
Wash Cent 1st g 4s
1948
Xor Pac Ter Co 1st g 6s. .1933
Nor Ry Cal See So Pac
QF
10034 Sale
99 IO3I9
100=8101
9978
MayOS
reb'03
130
Apr'03
I32I4 Jan'03
114
130
128
IOOI4
10078
'-2
101
.124
F-A
Q-F
FA
A-O
J-D
Q-M
J-J
Xor Wis See St P il & O
Nor & Mont See N Y Cent
6'ee C C C A: St L
OInd &
hio River RB 1st g 58.1936 J-D
General gold 5s
1937 A-O
Ore & Cal See So Pac Co
Ore RR & Nav See Un Pac
Ore Short Line See Un Pac
10034 205
1007p
7078
6
17
128
I3214
96 lOl'a
93
93
871a 94
97
101
991a
9978
7018
7014
103"^
7379
104
72 1«
101
101
....
125
127
....
II214II214
J'ne'03
125 Apr'03
132 J'ly '99
112i4J'ly'03
110 Oct '02
9612 Mar'03
94 la Feb '02
111 Aug'03
11514
1331a
132
70
70 "a Mar'03
71
JD
114
130
128
96 13
971a 261
1
93
93
89 14 31
89
107 la J'ly '01
97 14
4
97
"7078 Sale
J-D
....
14 la May'03
108iaJ'ly'02
1
96 "a 98
110
lieia
114
II414
Oswego & Rome See NYC
O C F A; St P See C A: N
W
.Sink
J-D
103
..
A-O
fund subsidy g 6s.. 1910 M-N
1st s fund g4i-2S..1917
Pennsylvania Company—
Guar 1st g 4ias
1921
Registered
1921
Guar 3ia8 coll trust reg.1937
Guar3iascolltr ser B...1941
Tr Co certlf'8 gu g 3ia8.19i6
C St L A P lst con g 6s. 1932
Registered
1932
CI & JPgen gug4ia8ser A.'42
Series B
1942
Scries C 3ias
1948
Series D 3 las
1950
Erie A; Pittsgug3ia3 B.1940
1940
Series C
NA;C Bdge gen gu g4ia8l945
J-J
J-J
109
AO
WA
J-J
i 08"'^ Sale'
102
10734 110
10734 J'ly'03
lOSk
102
IO8I4
106
1091a
97
96
95>9
95
I22I4I23
10 108'4l08'4
Nov'OO
10978
IIOI4 J'ne'03
11038J'iie'03
102 14.
lieiaFeb'Ol
106i4Xov'02
90 Jan '03
12758 Oct '02
128 Jan '03
130 Apr '01
1021a l02'a
1942 M-N
1945 M-N
1949 FA
C 1st 7s. ..1912 J-J
1912 J-J
/I.1912
111
102
FA
J-J
J-J
J-J
guar g
KR
101
Apr'03
Apr'02
A-O
M-N
4s guar
3ia
104
102
102
A-O
C guar
D
E
103
106 Mar'03
102 Xov'98
9613 96 Mar'03
95 J'ly'03
122i4Feb'03
MN
PCC&StLgu4ia3A...1940 A-O
1942 A-O
Series B guar
Series
Series
Series
Pitts Ft
106
M-S
A-O
Con currency 6«reg...£/1905 Q-M
1919 M-S
Consol gold 68
'
'
Nov'OO
Apr'03
91
A-O
103 la.
91
103
109
105
100
91
J'ly'03
,91
J'lK.'OS
103
J'ly'03
105'flll2
Feb '00
gu g 6s. 1922 J-D
Aug'03
De Bar C & I Co gu g 68. 1 9 1 FA 09
.'.8.1
949
Sale
76
76
MS
76
ron
1
»t
Coal
A
C
Va I
g
32 Jan '00
AVb L E A: P C Co 1 st g 5». 1919 J J
• No price Friday; lateal bid and aaked this week,
o Due Jan
Call
101
J-J
J-J
lOTiaJ'ly'OO
llOi4Dec'0]
100
112 112
112
9979105
97 "a 994 103 Aug03
81 Sale
80
60 76-2 9634
108 115 J'ne'02
tS
107 May'97
80 May'97
100i4Feb'02
105 Oct '00
J-J
consol 6a. .1917 J-J
lllia
10034 103=8
M-N
M-N
Apr'02
00
MX
1926
Kan H C& C Ut 8 f g5s.l951
Plea.i Val Coal l.^it gaf 5S.1928
K'k;Ii A Pit C A; I purm 58.1940
1951
U'enii Coal gen oh
Tenn iJiv IstgOs
al917
98
10234 Sale
A-O
A-O
A-O
1996 A-O
96
Sale
95
96
110141141a
11018112
96
56
96
128
128
100
104
9378 107
19
109
on Next I'ngc
Am Telep & Tel coll tr 4s 1929
Col Fuel Co gen gold 08...1919
Col F A; I Co gen s I g 53..194;i F-.\
1911
Convertible deb g 58
5s
100
11578Mav'00
il7'
119
'
IO634 11134
107
112 Muy'03
12Hia]Mai'03
127 J'no'02
110 Dec '01
1061a Nov'OO
951a
'.'.'.'.'.'.
i09"
Tclegmi)!! nnd Telephone
I'onl and Iron
Cah Coal M in Se« T C 1 <& R
Col C A: I Dev Co gu g 58.1909 J-J
-.l irold
A-
10178 1017p
lOliaAug'O;!
CCA;Tlstgu g5s
ScioV&X E 1st gug 4s
MISCELLANEOUS BONUS— Continued
Or KivCoal As C l8tg68..1919 AO
Jell A ClearCA I l8tg58.1920 J-D
.V-O
1st real est g48.1923 M-N
1905 J-J
Consol sterlint g is
1912 M N
Convertible g o -s
95
i09
107
101
Jiigli,
105 la Nov'Ol
ioi^;:::::
lOl^s
112i«.
12018.
98
75
1073.1
10234
81
i»DueFeb
'
<fe
3d 7s
M-S
MS
MS
1931 Ci-M
1940 J-J
1940 J-J
1951 M-S
X Y Chic A; St L 1st g 4s. 1937
Kegistered
1937
X Y A; Greenw Lake See Erie
X Y A; Har See X Y C A: Hud
X Y Lack & \y See D L A; W
X Y" L E & W See Erie
XYALongBr <Se<' Cent ot N J
N Y & X E See X Y X H & H
New York New Hav A- 11 art—
Housatonic R con g os..l937
X H A; Derby con g 5s. .1918
X" Y A- X E 1st 7s
1905
1st 6s
1905
X Y A: Xorth See N Y C ik H
N Y O A; W ret Ist g 4s..«/1992
Regis S5,000 only
(/1992
X Y & Put See X V C H
X Y A; R B See Long Island
X Y S A- W See Erio
X Y Tex A; M See So Pac Co
Xor A South Lst g5s
1941
Xorf A; West gen g 6s
1931
liiiprovein't A ext gOs.. 1934
Xew Kiver IstgOs
1932
X A W Ky lst con g 48.1990
Penn
[
Mai Isl gug
Income OS
.'..1931
L.t S 1st g 31-.^
Bat C A- Stur 1 st gu g 3s. 1 989 J-D
X Y & Harlem g 3ias...20OO M-X
Kegistered
2000 M-N
X Y A Xorth 1st s 5s... 1927 .\-o
K AV & O COU 1 St ext 58. 192 A-O
Oswe & K 2d gu s 5s...?1915 F-A
KWAOTKlst gug 58.1918 M-N
Utica & Blk Kiv gu g4s.l922 J-J
2d7s
J
Cart A Ad 1st gu g 4s... rj«l J -D
Clearf Bit Coal Ists f 4s. 1940 J-J
Gonv A Oswelst gugos 1942 J-D
<fc
1st consol 6s. 1909
J
Panama
9514
9534 13:
95I4 Aug'03
101S8J'ly'03
lOlHi J'ne'03
1091-^
9878
Kegistered
1908
Mich Cent coUg3'28....199>!
199^
Registered
Beech Creek l8tgug43.19:)(
1 9:!'
Kegistered
Moh
Mich Cent
Coast Co lst g 5s
1946
Pac
ac of Missouri See Mo Pac
<fe
Kegistered
230
1903
1 903
1997
1 997
Since
January 1
'02
ibs'i^!!;!!
W
&
M
7s.
105
5.«
Hiqh Ao Low
Oct
105
•
Hange
Last Sale
Ask Low
Bid
AG
10 101ial07i.> North Illinois
89
941a Xorth Ohio See
110i4J'ly'00
Ist extension gold 63..A1927 Q-J
123 H. 124% Apr '03
9134
Oenerai gold 4s
1938 -MS '9i'
913^
Montgoni Div Ist g 5s.. 1947
115 114 Mar'03
St 1, & Cairo coU g 43..«iy30 Q-F
93 Feb '03
Guaranteed g4s
1931 J-J
101iaJ'ne'02
O coll 48 nee Southern
Mohawk Mai See N V C A; U
Monongahela Riv See B Aj O
Mont Cent See St P &
Morgan's La ife T See S P Co
Morris & Essex See Del L A
>fash Chat & St L,l8t7s.l913 J-J '116
124 J'ne'03
1928 A-O
Ist consol gold 5s
111
.no's 111
Jasper Branch lat g 6s.. 1923 J-J
113 Dec "99
\V& Allst6s..l917 J-J
McSl
116 J'ly'02
1917 J-J
111 Dec '99
T A; P Branch 1st 6s
Kash Flor & Shef See L & N
Nat of Mex prior lien 4 hjs. 1 926 J-J 100 102 lOlVz lOlVj
76 "a 77
1951 A-O
Ist consol 48
77
77
&H
New U A: D See V
M&
100 !«
85
104 i-i
1071a 111
107 lllia
107
101 Sg
Gen con stamp gtd g 5s 1 931 A-O
871a
Aug'03
112
AO
Ir
9712
86
106
90
100
101 la.
1st coU guldSs
Apr "01
100
104
5s stamped. al917
Kegistered
al917 M-S
golil
Nov'Ol
98
90 '4
77 "a
i^a >2 Sale
J-D
2il cold 4s
78 Sale
F-A
98
l8t ext sold 5s
1944 M-N
99
St L Uiv 1st ret •; 4s
2001 A-O
Dal A- \Va 1st fTli g OS. ..1940 M-N
82
KanC<fc Pac 1st g 4s.. .1990 MS
Sale
Jl K A T or T 1st gu S58.1942 J-D 102
Slier Sh & So 1st gu g 58.1943 FA 106
Sale
Tebo<fe Neosho 1st 7s. ..1903 J-D
Mo K A; E 1st gu g 5s
1942 A-O 108 "a.
Missouri PacUic 3d 73
.107
1900 M-N
Trust
103
Week's
Ji'anye or
/i
lltTT
tjs
'id
5s
Kegistered
4s
Registered
65
8
A-O
A-O
li'l
4'-^s 1st
ilex Internal
10S>sAug-0o
,
Price
Pridav
August 21
Kegistered
Det Mon cfc Tol 1st 7s.l90li FA
Ka A
Klst guc5s.l9:iS J-J
Mahon C'l KK ist 5s. .1934
Pitts McK & Y 1st gu 6s. 193
2d aniar 6s
1934
McKeescfe B V l.stgOs 1918
Man Rv
Set-
roM
1st consul
Kiiuij)
lOIVj
l-w
Registered
1143,
S
auliatiau Ry consul 4s. U>iH» A-O
Kesisterfil
1 S>;ili
Metrojiol Kl 1st c (Is
llKl> J-J
Man S \v Colouiz p ;'>s
J-D
AlcK'ptitBV i>e«>."YCeiit
Y'.
Lake Shore consol
92
Deo. "01
Mar'03
Mai-01
N.
Nor ct Mont 1st gu g 5S.1910 A-O
West Shore 1st 4s gu... 2301 J-J
mod
I
S>
[Vol. LXXVII,
STOCK EXCHANGE
Auffust 31
Wekk E.vniNG AUGl'ST 21
Bia
Ask Loir
High Ao Low High X Y Cent A: H li—( Continued
1163s Mar'02
X J June K gu 1st 4s. ..1986 FA
V2v<^ Aug'02
Registered
19S6 F-A
75 J'ue'02
X Y A Pu 1st con gu g 48 1993 KO
f'riiiaij
Pensacola Hiv ei>U163...1i>'J0
St L D\v 1st KoUlOs
I'.iJl M-S
'2il
Week's
Jiange or
Last Sale
.
8
90 la Apr '03
J-J
Comm Cable Co 1st g 48.-2:^97 Q-J *
2:«»7
Registered
Erie T A T col tr g s 53.-1920 fA
1918 M-N * ..
.MetTcfc Tlst 8l g5s
Mut Un Tel Co See Wesln Un
1920
M-N 10534
gen
58..
g
X Y A; X J Tel
1
.
.
See V/est Un
Union coTtr cur 5s.l9;« J-J
real est
g 4128...
1951)
M-N
Mut Un Tel s tund 68...191 M-N
1904 J-J
Northwestern Tel 78
Unnnfacturins «&; InduMtrinI
Bicycles Ideben 58 1919 M-S
1915 Q-F
Am (;ot Oil ext 4128
Am Hide<fc L lat sfgOs.. 1919 M-S
Am Spirits Mfg lst g6s..l91." M-S
«DaeMay jrDueJ'ne A Due J'ly
96111
112
100 la Oct '00
109 Oct '99
114 Xov'02
l05i4J'Iy'03
No Westn Teleg
West
Fd and
96%
961a 100 "a Apr '02
105
105
105
ib'i" I03I4 10234 Aug'03
106I4
107i3J'ue'03
Amer
34
Feb '03
937e Aug'03
95
85
p Due Nov
85
87
85
J'ly'03
iOptlonsale.
IO514IO8I4
105 110
102 105
I07I2IO9
34
42
4
9378 101
83
85
98
94
14
JJ
August
STOCK EXCHANOK 5f
Wkkk Kndi ng AVGfST 21
Pt'Uii HH—( Continueit)
1943 M-N
Consul >rolil4s
Allt':; Val geii ^'u
* Mur i.xt
KA
K
11
«u
lliii'
ft
SI
1st
•»s...H)4-.'
4
>-..,»..
KU 4s
Gr K it I ex l.st an
Suu it Lewis isl sr
>;
nt;^;.
i.'.';Ui
MS
MN
FA
Price
Prirlau
AuuusI 21
JJ
Weelc's
112^4
108'al09»4 ibti"
St
H
i'lO'-j !!!".!
MN
A-O
ibo"' ibd"
FA
guar 6s...l9;>'j J-D
St L See Penn Co
W
M&
Keailinj; Co sreu g 4s
137
118I4
J-J
Dun See
J-J
J-J
it
Pitts
See
95
100141001.1
riOiaDec'O'.
95'< 114
94^4
90'8J'ly'O3
91»2 91'2
91'-i '"i
.M-N
'4
10()i.j
Sale
9334
98
96
90
90
'•
90'^
Uy
Soiitli
5ih.
Aug'03
94
90
90
94
88
J'lv'O.s
97 Jan '02
,11214 110 "2 Feb '03
75
92
75
B K& P
See X Y Cent
1941
Rutland 1st con g4'i3S
Hut-Caiiail 1st jru f? 4 KiS. 1949
Oai; Tus ite H See Pere ilarq
Oait LakeC 1st g s t Os.. 1913
St Jo it Ur Isl 1st g3-4a.. 1947
8t Law <& Artiron 1st g 5s. 1990
2il iioUl Os
1990
Ohio
St L it Cairo See .Mob
P
St L A; Iron ilouut See
St L K C
:^
-Ss'ee Wabash
St
L
St L .M Br See T
of
St L & S Kran 2il g Os 01 B 1900
2il gold Os Class C
190t>
treueraigold Os
1931
General gold 58
1931
St Lit S b' Kli cons g 43. .'90
Southw Div 1st g 58. .1947
Relimding g 4s
1951
Jt coug 6s..l92t;
C Kt S
Ry ret g 4s 1930
C Kt S <fc
it
111
113
U 634 117
Aug'03
IOOI4 Feb'03
Consol anil col trust 4s .1949 A-O
Utali Cent 1st foi t' 4s.al917 A-O
Rio or June 1st ku a 5s... 1939 J-D
RiogrSo lstgoU14s
1940 J-J
li liarau tecil
1940 J-J
Rome Wat
1
1-
. . .
98
95
9".
121
NoT'9'
11714 J'ly '03
98 J'ly'97
A-O
Rich <fc Meek see Southern
1939 J-J
RioGr West 1st ff 4s
Koch
95
110
107
107
120 Oct '01
112i2Doc'0'
AC
1997 J-J
1997 JJ
Ki'jiisteretl
12410 127
107 >a Oct '98
,123
.A.-0
Jersey Cent coll jr 4s. ..1951 A-O
Bensselaer <& Sar See U it U
Rioli it
N VTit Mex
12l>-2Apr'03
95 J'lie'o:
110 J'lv'03
107 Aug'03
107 Aug'Oo
rej;
Pitts Cin it
Pitls Clev it Tol 1st ji 0s..l9'iJ
<& Ch See Peiiii Co
Pitts ft
19-J'J
Pltt» June 1st v'olil Gs
Pitts* L Krie 2(1 ff os...al92S
Ceu
V
Y
6V<;N
McKees
it
Pitts
Pitts Ml it 1. K 1st siis... 1040
194o
Ist cousol goUl 5s
1917
Pitts it West 1st jr4s
Co certfs
J P
Pitts V dh Ash 1st con os.lO'J?
99
92
llOiill'Ji
Aiig'03
75
92
Mar'03
75
92
Os
&
J'-J
J-J
J-J
JJ
May'03
88
96
&
Registered
St Louis So See Illinois Cent
St L S
1st g 43 bd ctfs.1989
2d g 4s inc bond ctfs...2>1989
Consol gold 4s
\...1932
tt ray's Pt 'i't-r Istgu g5s 1947
8t Paul & Dnl See Kor Pacific
St Paul .M <fe .Man 2d G3...1909
Ist consol gold Os
1933
W
'
104
104
10458
1043,
lOmj
104:^2
I20I2
121
121
109i4Aue'03
92
92
109 Hi 112
92
A-O
J-J
100
113
118
7934 Sale
94
J-J
72
74
67 14 Sale
83
J'ne'03
7934
80
92 Is Aug'03
70
74
6934
67
llda.
1131-2
J-J
Registered
1933 J-J
Reduced to gold 412S.. 1933 J-J
Registered
1933 J-J
Dakota ext gold Os
1910 M-N
Mont ext 1st gold 48
1937 J-D
Registered
1937 J-D
EMiunlstdiv Ist g 5s.. 1908 A-O
Registered
190s A-O
I2714.
127i2J'ly'03
140 May'02
107 Aug'03
194.^
A-O
1922
1937
Registered
1937
1st guar gold Ss
1937
•WiU & S F 1st gold 5s. .1938
J-J
J-J
J-J
J-J
J-D
St P & Nor Pac See Nor Pac
St P Jfc S'x City See C St P
<fcO
SFe Presifc Ph 1st g 5s. ..1942
5 A & A P See So Pac Co
6 !•' & N P l8t sink r g 58.1919
1st gold 08....1934
Bav F &
1st gold OS
1934
St John's Div Istg 48...1934
Ala Mid 1st gu gold 5s. .1928
106 12.
94
87
Feb '03
100 14
May'Ol
104
100
IO4I4 104
I2714I3514
106
IIII2
IIOI4II4
104
1051-2
134
13414
115
II8I2
M
W
Bruns&
W
1st gug48.. 1938
Sp Oca & G gu g 4s. .1918
Val & X K See Nor & W
Seaboard Air Line g 4s...l95u
CoU Ir tetiiiid g 5s
1911
Sil
.M-S
111
J-J
11334 Dec'Ol
M
A<fe
N
W 1st gug OS.. ..1941
00
J-J
75'
J
J
J-J
J-J
104
A-O
A-O
102
1021
103
A O
A-O
102 J'ly'03
113 Jan '01
105 12 Nov'Ol
Sale
75
75
no
110
10s
1061
no
103'.
1 1
M-S
9L
J-J
J-J
J-J
II3I4
1121-2
1 11 '4 Aug'O:;
109
110
115
110
J-J
iia"
J-
1
J-J
11214.
97 14.
M-S
A-O
M-N
!
5
14
.
106 Hj.
104
91
9'.
11934
11934
no uo
10834 112
94
120
95
Dec '02
nii2n8i«
IIII4 117
"I'i
94
Mar'Ol
105
101
90
11212 Apr '03
108
"i
"yo"
A-O
105
112
9713
89
112i2ll3'u
9812
94
,125
75
90
A-O
J-D
A-O
J-J
J-J
A-O
J-D
92
'87^
7114
J-D
9978 Sale
J-J
MX
9414 Sale
M-N
J-D
F-A
J-J
FA
98
120
iio'"
* 8934 "9"6i4
J-J
J-J
106
103
J-J
101
114
104
109
11134-
1241.J
118
.'May '03
117 J'ly '00
104 Ha Sep '02
IO7I4 11234
115
J'ne'03
112'8ll8
115 11778
102
114
81
May'03
115
102
113
'8
Aug'03
102
llSHl-
100
81
J'ne'03
no
iio"
124
112 112
115 115
108 116i«
113i2ll3»8
93
93
115 ll&ia
Aug '03
10812 IO8I2
J.
122
123
114
i"o"4"' i"o"8'*
107i4J'ly'03
11412 Sale
11534
!4
1
Feb 0'.
Feb '03
Jan 'o;
12,
noiR
noi2
115
114
114 Jan '03
122 .Mar '03
1241-2 Feb '03
114 J'ly '03
101'4 J'ly '00
109l4J'lV '03
92 Sep '02
104 Aug '03
1137( 112
M-S
J-J
0:
Feb '03
115i2Mar 03
A-O
iMai
May '03
Aug •03
93
J-J
J-D
J-D
Sep
11 6 Is
11 3
ri2'
F-A
120
123
112
115
108
1930 M-N
& North See TJn Pacific
& Black R See N Y Cent
Val nd & W See Mo P
Ver
irgiiiia Jlid See South Ry
Va & Southw't 1st gu 08.2003
1939
Wabash lst cold 5s
'-2
119
Apr'(»3
115
.1924 F-A
g 6s. .1914 J-J
Registered
1947
1911
lst lien convert 4s
Registered
1911
Ore Ry & Nav con g 4s. 1940
Ore Short Line Istg6s..l922
1940
1st consol g 5s
4s & participating
1927
1908
Utah & Nor 1st 78
GoU15s
1920
Uni N J RR & C Co See Pa RR
Utah Central See Rio Gr Wes
I4
Oct '02
113'..
gti 4s.
L&Wpr
1 1-2
A-O
MN
gold 48. ...1917
lien g3i2S. 1925
Tol St
1950
50-year gold 4s
Butt
TorHamife
Istg 4s. /il946
Del
1928
&
1st
con
5s
g
Ulster
1
]MHy'02
12
105
95
10534
io6'2no
10.11..
93
112
95
J-J
1
1
11 9
108
108
in
103
10," 3, 1001.2
May'l.';
108
74
86 ".J
1101411014
IO4I4 104
10834 J'no'03
113
M-N
M-8
T0IP& Wist
25
Mar'03
119
loa
102
llO'j Apr '03
111 '2 Apr'O:^
103 I4 J'ly'03
104 '4 .Mny'03
lOOio May'o;;
11934 Feb '03
1115
J-J
J-J
J-J
1950
1938
1922
1st
Os
Ga Pac Ry
g
Knox cfe Ohio 1st g Os... 1925
1915
Rich & Dan con g 6s
Kfiiiip sink fund g 58..1909
1927
stamped
Deb 5s
NC
Se.u'oy
IO8I2 111
109
no
113
110i2J'ly'03
11012 113
107 Feb'03
107 107
90i2J'ly'03
97
90
92
90 Aug'03
89
8334 86
8518 J'ly '03
70''8 SO
71 14
711-4
98
98 Apr'03
98
108 J'ly'03
108 IIOI4
99 12
99 7p 185 99 14 103»s
99 's 103 la
99^8 Aug'03
93^8
94 'f 1085 905s I07I4,
lOSijJan '03 ""5 I05I4 10.'ii4
98
97 102
98
12(»
Aug'03 ""5 120 1271a
114
109
no
110
90
103 8734 98^4
90
115 Nov'02
114i2Apr'02
J'ly'03
1.2
Utah
Ang'Ol
A-O
A-O
105>a.
J-J
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J-J
J-J
A-O
M-N
105
HI Apr '03
.
90^.
77I2 80
101
lOl
111
11234
95I4 May'03
95
90 Hi
78
75
843,
7812 110
IOOI2 101
11114 May'03
9OI2.
95
la
J-J
J-D
J-D
J-D
102
97I2
97
2
Feb '03
lOOmOSVz
HI I4
1111.
95 12
951a
J-J
J-D
J-D
84'" "84 is
FA
Sale
W
,
102
105
102
IO512I0512
37|
13
90
99 14
82
102
99 14
88
1-2
IIOI4II2
105
105
107%
1097,
1091210912
105 105
M-N
1939 F-A
1939 J-J
1939 J-J
A
Series B
1st lien equip sfdg5s..l921
Det <fe Ch Ext 1st g 5s.. 1941 J-J
Des Moin Div Istg 48. .1939 J-J
Oni Div 1st g3i2S
1941 A-O
T0I& ChDiv Istg 48.. .1941
St Chas Bridge 1st g es.1908 A-O
Warren See Del Lac & West
Wash Cent See Nor Pac
MS
59
Sale 101
100 lO?!*
101
11312118
I1412 II4I2 1143,
103 '.2 111
103 12 Aug'03
....
101 12 Apr'03
100 101^9
8434
Sale
0234 1093
2
58
104^2 Dpc'02
107 lOO-'a
107 J'ly'03
<fe
WestX
Gen
W
May'02
84 J'ne'03
98 Mar'02
109i2Mar'0t
97
84
MS
Wash O
9513IOOI8
921*.
81
110i4Feb'03
105 Feb'03
109"8 Jan'03
10912 Feb'03
105 Maj'03
102i2Dec'02
.107
J-D
M-N
Gila VG&Xlsteugos.l924 M-N
Hons E &
T 1st g 58.1933 M-N
1st guar OS red
1933 M-N
'03
97iii
86
95 Apr'02
105i2Feb'O3
90 Tg
97 %
99 14 Mar'03
83 13
83 12
105
97
Jan
85I4
SoiaSale
F-A
FA
97
2d gold 5s
Debenture series
Aug'Ol
87
J-J
J-J
1
128 Oct '02
123 Dec '99
95i4Nov'01
W
Cent Pac Ist ret gu g 4s 1949
Retristered
1949
Mort guar gold Bias.. fcl 929
Registered
/cl929
Gal Har <fe S A 1st gOs..iyio
2d gold 7s
1905
ilex A Pac Istg 58
1931
Januarii 1
Utlca
Scioto
Beab & Roa 1st 5s
1920
Car Cent Ist con g 48. ..1949
Bher Shr <fe So See
K <fe T
SU Sp oca & G See Sav F &
SodBay <fe So Ist g 58
1924
So Car <fc Ga See Southern
80 PacCo— CoU tr g4'23..1905
Gold 4s (Cent Pac coll).fcl949
Registered
/cl 949
1
uo
nPacRRcfe Igrg4s..l947 J-J
11 100
103
J-.
J-J
M
128 Apr'02
134 Mar'03
115 Apr'97
115 Aug'03
125>2Feb'02
126^2
Siiice
Last Sale
122
A-O
58.. 1930
S <& N Ala See L <fe N
Spok PaUs<S; Nor Istg 6s. 1939
IO312IOO
Stat Isl Ry 1st gu g 4i2S..1943
120 129
Suub & Lew See Penn RR
10812115
SyraBing&NY SeeDL&W
95 12 'Pebo & N See M K & T
92
1 er A of St L 1st g 412S..1939
100 100
18941944
7334 gi^g
1st con gold 5s
Bge Ter gu g 5s. 1930
118 124
St L
88I2
Pac
Co
79
Tex & N O See So
Tex <fe Pac E Div 1st g Os .1905
2000
lst gold 5s
S9i2 97>2
7200O
2d gold inc 5s
43 03^8 8512
1931
La Div B L Istg 5s
25 00
1935
Tolife O C 1st g 5s
80
Western Div 1st g 58. ..1935
1935
General gold 5s
1990
Kan & M Istgu g 4s
11318113V
IIOI4 J'ly'03
,100^ 100
.
Jiangs
Kange or
A-O
J-J
104''8l06
no's Apr '01
IIOI4.
August
J-J
191t:
.
M-N
J-D
J-D
J'ne'03
82%
8278 Sale
A-O
Nor Div 1st gold 4s
Huiu Union IsC g Os
Mout C IstgugOs
Col<fc GreenvlstOs
ET Va& Ga Div g
Con 1st gold 5s
E Ten reor lion g 5a
West
M-N
A-O
1930 X-O
M
1943
1994
1994
Registered
Mob it Ohio coll tr g 4s.. 1938
Mem Div 1st g 4i-2-5s... 1990
1951
St Louis div lst g 48
1918
Ala Cen K l-st g Os
1948
AtUt Danvlstg4s
Atl & Yad 1st g guar 4s. 1949
Con gold 5s
Southern— lst con g 5s
stamped
J-J
J-J
J-J
-^
Week's
'Jl
JJ
ife
KR A
K
K
N
X
cy
W OGuarW lst
1st con
.U-N
tyidaii
1st g 48. ..19-48
So Car cfc Ga 1st g 5s. ...1919
Virginia Mid ser C 68. ..1910 M-^
1921 M-S
Series D 4-58
1920 M-S
Series E 58
1930 M-N
General 5s
A-O
.\I-N
Price
^
1912 A-O
Ist gold Os
1937 M-N
1st con guar g 5a
1905-.. 1937 M-N
StamptMl
J(ex 1st g 08..19U
S Pacot
1937 J-J
S P Coast iKt gug 48
1905 K-A
Tex ct
O Lst 7s
Sabine Div Istg Os.... 1912 M-S
Ruh&Meck
101i4Nov'01
J-J
M
&
1920
gulst g4s.l9r.
i»o of Cal 1st gu g lis. ...190'
1938
Guaranteed gold 5s
Ore it Cal 1st guar g 5s. 1927
8 A <t A Pass St gu g4s. 1943
So Pol ArgulstK0s...fl9O9
cl910
1st guar g 6s
1905
S P of Cal 1st g Os
1905
lat g Os series H
1 900
Istg Os series C <fc D
iHtgOs .series Eifc F...1912
1st gold Os
Q.F *120
Istjniifis.lOol
Wkick Kndinq August 21
o
W
L,
19;>!'
Ist cousol stoldSs
Pt lliiiou Div Ist « a8.19;!i'
|
c
Hid
Ash Low
High Ao Low High Southern Pac Co—C Con(i?i«<'(0
Hiali, Ao t'O'" High,
itJCj 112
111 Aug'03
H it TClstgSsiiit gu..l937 J-J 107i<j.
106
111 Mar'03
111
112
Consol g 68 int guar... 19 12 A-O
yoi2 9418
Jlar'OO
92 May'03
(^I'li aoid 4s int guar. .1921 A-O
l27i2Feb'0-j
div 1st g Os '30 M-N
Wacoit N
j'iy'bs
130 Xov'02
104«2l00
Woigau's La it T 1st 7s. 19 18 A-O
ii'f" Jiay'bo
Pek Uu Ist k»>8..--19'21
&19-M MN
4 i-js
Mani-K it P M a tJs.l9-;o A O
SasiTusife
1
STOCK EXCHANGE
~
C
Nov'9
102
irolil
Pine Creek
January
.fc
ifc
it
•ill
Pero
N. Y.
Last Sate
MS
CNJ KH itCiUIKeu4s.l944
Niisli
Peo
A'rtnflra
Bange or
Ask Low
Hut
106
*100
102
4 Sjs 1941
4s...l9;!i' J-
Pfusacola & Atl See L
Pi-o it Kast 6V<; C C C
389
Bond Record—Concluded-— Page 4
N. Y.
I>
JJ
23, 1903.J
BONUS
01
V
.
Southern
Istg 5s.. 1937 J-J
1943 A-O
"81
'
's's'i^
i'o's" i'o'9'12
jSec
Yifc Pa
gold 3-48
Income 5s
(il943 Nov
West Xo Car See South Ry
West Shore 6'ee X Y Cent
30
g 6s. .1911 J-J
105
Va Centtfe P
W
Wlieel'g& L E
l.st
lst g''5s... 1926 A-O
Wheel Div 1st gold 5s. .1928 J-J
Exten <fc Jnip gold 58. ..1930 FA
1st consol 4s
1049 M-S
Wilkes <fc East 6'ee Erie
Wil <& Sioux F See St P M
<fc
114
114
96 12 J'ly '03
40 Mar'Ol
114 118-'2
9OI2IOII2
108
106
112
J'ly'03
112'.. 112i«J'ly'0:s
113
no
Sep '02
Mar'03
90
90
Sale
BO^a
90
Sale
89
90
IO4S8
104S8
108
1161a
no no
17
86
9334
13
86
92'at
M
W
Winona <fc St P .See C & N
Wis Cent 50-yT lst gen 4s. 1949 J-J
;H1.SCEM.ANE0US bonus—concluded.
Mnniilacliirins
^
Indu.strial
i>li!icellaneous
Thread 1st col tr 4s.. .1919 J-J
Bar i: S Car Co 1st g 6s. ..1942 J-J
CousolTobacco50-yrg 48.1951
Distil Sec Cor conv Istg 5s. '27 A-O
Distillof Amercolltrg58.1911 J-J
III Steel Co deb 5s
lOlo' j-j
Xon-couv deben 5s
1913|A-0
Int Paper Co 1st con g 0s.l918! F-A
Kuioker Ice (Chic) 1st g 5s. '281 A-O
Lackaw Steel 1st g os
19£3'a O
N at Starch Mfg Co 1st g Os 192o! M-N
Nat .starch Co s f deb 5s..l925l JStan Rope & T lst gOs.. .19401 F-A
income 2o)d 53
1940
OS Leath Co sfdebg6s..l913'M'-N
U S Shipbldg coll & nige 58. '22 F-A
1st sfSsg "A"
1932' J-J
U S Steel Corpcoltr2d5s.d'6S|M-X
A.ni
FA
78
78
105
57i8Sale
5912 60
0634
59 12
i"o"5"
70
80
5961
5134
673^
120
59
Jan '00
58
01
100 Mar'03
99 Jan '99
100 May'02
1 08 12 Aug'03
93 Feb'03
95
96
95 Mar'03
70
70
46 J'ly '03
93
95
'9'534
78
J'ne'03
Sale
9834
1
93
H'kl'ii FerryCo Ist'cons g 58 "48
ChicJCit St Yard col g 58.1915
Det .M & M Id gr incomes. .1911
Hoboken L cfc I gold 5s... 1910
Mad Sq Garden Istg 5s. .1919
Man Bch H cfc L gen g 48. 1940
95
X Y Dock
77
00
10534 110
93
95
94
68
40
Adams Excel tr g48
1948 M-S 104
AniDk&IiupSs iSeeCeutXJ
Ara.SSCoof W Vag 5s
1920 M-N
.
FA
J-J '10012
75
80
AO
M-N
M-N
M-N
974 Newp Ne Ship & D D 5s rfl990 J-J
80
68
50-yr 1st g 43.. 1951 F-A
9018 90I4
StJo.sephStkYd8lst4i2s.i93O J-J
40
St L Ter Cupples Stat'n * Prop
45
312 13 12
4
Co lstg4i2S 5-20 year. .1917 J-D
4^8
5
5
13
110 110 Aug'03
110 II4I2 S Yuba Wat Co con g 6s.. 1923 J-J 104
*101l2.
91
Sp Val Wat Works lst 68. 1906
Jan '03
91
""1 91
::::::
80
23
U S Red & Ref lst 8 f g 6s. 1931
251s J'ly'03
78 14 Sale
78 14
80 1085 76 14 87=8
Sale
MS
103
10034 .T'ne'02
.
73
111
81
Mar'03
Mar'Ol
50
Feb '02
83
'9"d'i2Au'g"'"o"3
104
J'ly'03
llSiiJ'ly'OO
79
Aug'03
10&
"7"3""7'6"
17
75
95 13
89 12 95
104
"7"9""
104
"aT"
1
*No price
Friday; latest bid and asked.
aDueJan tDneFeb
c
Due Mar d Due Apr ^ Due J'ne
/i
Due J'ly
fc
Duo Aug p Due Nov
g Due
Dec iOptionsaie
I
4
BOSTON STOCK EXCrHAN-QE-Stock
— Not
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itomiav
Tiiesiiav
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August IS
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614
89 v.
247
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89 >.. 90»,
247 247
13S 138
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236
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174
300
140
119
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141
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243
138
233
171
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293
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72
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110
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89
109
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111
109
Last Salt 26-34.
Last Sale as 4
LastSale ISO
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144
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100
pref
76
Union Pacific
86 V
Do i»ref
89
111
Vermont A Mass
West End St
Do
pref
100
KMi
100
50
50
J'lyoa Wisconsin Central. ..100
Do pref
100
J'ue'Oo Wore Nash ifc Hoch..l00
Miseclliineous
Amer Agriciil Chem.lOO
Do pref
100
Amer Pneu SeiT
50
Do pref
50
lll)34 Amer Sugar Refln
100
118
Do nref
100
133 Amer Telep A Teleg.lOO
10
Amer Woolen
100
704
Do pref
100
15
236
165
3G
79 4
1744
134
i26'"
J'ne'03
218
219
Boston Land
10
CumUerl Telep & Tel 10(J
Dominion Iron <fe St
East Boston Land...,
Edison Elec Ilium.. .i'oo
(General Electric
100
Mass'cliusettsGasCoslOO
Do pref
100
Mergentlialer Lino. .100
Mexican Telephone.. Id
N E Cotton Yarn pref 100
N E Telephone
100
Plant Comp new com. 100
Pullman Co
100
Reece Button-Hole.. 10
Svntt & Co
100
Torrington Class A.. 25
Do pref
25
Union Cop L'd & Mg. 25
United Fruit
100
United Shoe Mach... 25
Do pref
25
US Leather
100
Do pref
100
U S Rubber
100
•50
26
440
450
•1
•18"
134
14
134
94
64
64
464
•174 184
2
••50
-75
•SO
9>-.
»
'244
••50
25
"25 4
4
'65
•50
Last Sale 4
4
444
450
83
64
28
4
94
30 %W
62 161
27 170
3 290
23 134
10 115
1 190
160
270
74 131
14(
S97j,JanlO
68
208
0,493
22
Jan
96 Sep
106 Sep
266 May
173'-iMar
236 J'lif 4S Apr
U>0 4Nov 209 -^pr
171
Oct 183 Apr
2974J'ne 307 Mar
150 Sep 172- Mar
123 Nov 13C.: Mar
196 Nov 202: Jan
160 J'ne 1 (SO 4 Feb
280 Oct 2!;s.. Feb
141 Dec 148 Mar
47 J'ly 50 J'ne
172 Jan 17-^S4J'ly
33 Deo -iS'aApr
92 Jau 99 J'ne
22 4 Doc 31 Mar
210 Jan 254 Apr
170 Jan 175 Jan
743s
AugU 1034 Jan H> 054
War
J'nclii 262 4 Feb 4 256>.>Dec
Aug 154; J»ai 6 U94D0C
Aug
30
J'ne
195
J'uo 6
Apr S
Jan
Apr2'2
J'ly 17 305
Marl:
J'ly 14 157 Jan 6
J'ly 17 1'25
Jaa 2
J'ly ^ l904Mar'24
Jan 5 170 Marl!)
Aug,
J'ly
7
286
Febl9
211
JIai-
9
;s
20
8
9
39
450
8
414
4
4
4
1
•9334
1
2034
5
21^6
5
•JH
98
2
2
19
106
54
•95
106
8434
19''4
14
138
11
100
2
13,
113(,
100
'
•SO
Last Sale
82 4
81
814
82
54
634
S'l
tf4
214
1934
U4
-jo)^
'4
19
11
•27
27 4
26
G8
08
70
1
1
6
294
44
10
724
14 14
72 4
iB«Iorei>ajr'iota»8e8«'tBcallediDl903.
4
8%
68
14
rf
11
44
94
14
\Vi
114
264
4
44
8
„^'*
Highest
143 4 Feb 10
42 Mar V
1734M<kyl5- 180 Febld
19 J'ly
37-'>4 Feb 18
73 J'3y30 96. Jan 7
U^'sJ'ly - 2838 Apr '25
1188 4 May 21 225
Jan 7
165 .May 10 1734 Mar
229 J'ne 13 232 Marll
Jan
196 Aug
21'2 4Febl3 206
Dec
74 J'ly2o 01 May 11
6S May
70 Angll So Jan
79 4 May
30 J'lyli) 71 Jan 20 6 4 '8 Dec
7 J'ly
25 Jan 12 25 Nov
75. Jan
8434 Jan 10
58 Jan
94i J'ly 22 104 4 Jan
103 Oct
6634 Aug 8 104 4 Jan
931^1)60
42
652
180
Lotvext
8:^3^
2 170
AugU
J'ue2'.::
86 87 4 Aug 7
42 109 J'ne2'2
1634 J'ly 23
38 4 J'ly 23
150 Jan 14
595 13
225 72
SJO
4
J'ly 27
Aug 6
J'ne2D
95
Jan
178 Feb 2.-)
97
Feb 10
116 Feb 14
26:'8Janl5
52 Jan 15
150 Jan 14
Feb 11
864 Feb 14
7 Mar 2
26
550
621
277
381
Jan 12
19
Dec
32 4 J'ly
764 Dec 91
Sep
ISSSgApr
174,Jan
80^ Jan
44 May
79 'g Aug
9-''8
285
33234
4134
14 Aug
854 Jau
117
46
29
Jan
Jan
11 4 Jan
804 Jan
91
Augll
31
954May
6
4 Feb
154Febll
938 Aug
18 4 Feb 16
33 J'ly 27 57 4 J an 9
Aug
20 4
39 's Feb 5
67 4 AuglO 89«8Jan 7
50 Jan 14 80 Mar 4
1134 J'ly 2b 28 Jan 12
80 J'ly 27 102 Feb 28
85 J'ly 21 108 Feb 2
83 4 Aug 3 110 Jan 29
Apr
338
93 4 J'ne
151 Apr
41 4 Sep
250 J'ly
10 4 Oct
177 J'ly
27 Jan
30 Oct
Jan
2
5
Map
May
Apr
Nov
87 4 Oct
190 Sej^
Apr21
Jan 10
5
53
Apr
13034
J'nell
1
50
52
711
123
Augl 111
134
Jly
4 Jan
934 May
4 21 J'ne 3734 May
8 11278^Nov 135 4 Mar
91
759 J'ly 22
6,979
3,661
125 4 Apr
31 J'ly
44
27
78 4 Aug 5
30
2S8 Apr
217 Apr
85 4 Sep
91 J'ly
90 May
110 Mar
113 Aug
seog Mar 94 4 Aug
172 Jan 178 J'ly
92 4 Oct 99 Mar
1114D«c 117 J'ne
19 4J.an 34^8 J'ly
3939 Jan 55 4 Sep.
145 Not 162 4 May
15 Jan
24 Mar
5,942 lOS^gAuglti 1344 Jan
359 116 Augll 122 4 Feb lb 1 1& Jan
7,500 127 AuglO 169 4 Feb IS 153 Mar
210
84 Aug 10 14^8 Feb 24 12 Dec
828 684 Aug!" 794 Jan 22 73 Apr
34J'ly
534 Jan 22
334 May
117 Aug
127 Jan 6 122 4 Apr
Aug
8
8 62 4 Jan 2 25 Jan
870
6 J'ly 13
825
8*4 Jan 23
7 Nov
•24 225
J'ly 24 310
Feb 17 244 Jan
734 149 4 Aug 1 (J •204 Feb 16 117134 Oct
5,936 30 J'ly 24 4334 Feb 20 364N0V
671 744 J'ly 24 88'8Fobl7 82 Nov
4 164'4 AuglO 190 Feb 2 170 Jau
50
14 Aug 6 24 Jan 29
1^8 Dec
10 2434 J'ly 10 86 Jan 2 87 Nov
47 123 J'ly 27 139 Jan 2 135 Jau
9 Apr 24 20 Jan 6 21
Lcc
304 197 J'ly 15 237 Jan 9 216 Jau
Mar2"
9
10 Feb 13
6 Jau
105 99 J'ly 27 132 Jan
100 Jau
25 J'nell 26^4 Jan 15- 26 Oct
28 J'ly 8 2934 Jan
28 Jan
10
i-j
24
Mar
Sep
574 May
33 4 Apr
15 4 Sep
134Jan
4 Sep
19»H0ct
49 Jan
29 4 Dec
79 4 Dec
4634
72 4 Mai
22
91
Jau
97 4 Jan
4 Apr
Dec 33 4 Apr
1
12
Feb 106 4 Apr
864 Jan
89
624 Mar
115
4 Apr.
Ape
Jan 117
J
25
64 Adventure Con
25
54 AUouez
49 Amalgamated CopperlOO
14 Amer Gold Dredging 5
9
Am Zinc Lead <&
18
Jan
84 Mar
2
981
(Ltd)
450 Calumet <fc Hecla
May'03 Catalpa (Silver)
2,925
59,137
334 J'ly 17
3 4 Jan 3
25
25
25
2534 Bingham Con Min& S 50
•75
Bonanza (Dev Co)... 10
Colum
970
36 J'ly24 75»8Marl2
200 •50 Feb 9
14 Feb 10
6 Jan 2 1234 Mar21
100
1558^T'ly24
314Feb25
70
Sm. 25
194 Anaconda
I's Arcadian
75 Arnold
94 Atlantic
J'ly -03 British
LastSale OS
17
194 18
•lO
2134
544-'V.vigl(
S5
116 244
128 134
i^44
2,052
Mig/iest
lUininjg
1
Last Sale
4
•14
13(
9
•
19
•14 I'd
114 124
124
119
82
•1'4
1634
Last Sale
U'4 14
14 14
10
104 10
10
574 61
54
65 4
614 64
224 23
6
84
236
54 5 4
444 474
6
6O34
•65
4
1
134
5»s
68 4
238
164
35
80
172
6\
6
414 45
44
14
10^4
59»4
'4
Electric Cos
Do- pref
M.-jsa
2,561
Premoui
year (1903)
25
10
14 J'ly 24
no
•25
Apr
265
8
J'ly
J'ly
J'ly
J'ly
J'ly
2,975
204
100 •50
4
49 400
OS
(Centennial
21
25 24,227
50
9
Central Oil
25
74
J'ne'03 Cochiti Tr Co rects.. 10
14
14 Cons Mercur Gold... 5 2,105
12
9
20
24
15
4 Dec d24 4-4pr
434 Mar
2 Aug
53 4 Nov 78^8 Feb
14 Nov 334 Apr
12
6
Dec
21
Nov
43
Mohawk!
25
•34
44 -Montana Coal cfe Coke 25
•9334
.Montreal & Boston..
1
5
May'03 National
25
75
•1
138 Old Colony
10 Old Dominion (Cop).. 25
10
61 Osceola
60
26
Parrott(Silv<fc Copp) 10
20
21
Phrenjx Consol t
5
25
95 (juincy
25
95
134
134 Rhode Island
25
•14
134 Santa Fe(Gold& Cop) 10
1134 Shannon
10
114
•95
105 Tamarack
25
Tecumseh
25
25
33
J ly'03 Tennessee
25
80
a2 4 rriraountaln
25
6 4 Trinity
64
Ang'OiJ United Copper
100
;.5 4
20-'(. UuitedStatis Mining 25
20
114
114 Unit SUtes Coal .fcOil 25
27
28
Utah Con (Gold)trro 4^85
25
4
Victoria
4
25
Winona
9
94
25
70 Wolverine
684
25
14
14 Wyandot
41
Before pay't of assess'ts called in
190'iJ.
4,472
95
14 4 Feb 10
6 Dec
394 Feb 10 204Jau
90 Maris 40 J'ly
Deo
Apr
9
39
'4
Mar
I'ao
24
8 Feb 3
10 4 Mar
5 4 i^ep
24 551 Marl 2 420 Dec 650 Feb
Fob 10 10 Feb 11 10 Apr 12 Jan
J'ly 24 3I7eFeblO
11 Jan 28 Mar
64 Jan 31
25
13
31
164J'ly
Jan
35
34 Jan 134 Mar
Mario 37 4 Dec
1
Jan
6 4 Feb 9
94J'ly 3
64 Dec
J'uelS 35 Feb 19 '25 Apr
gMayl3
1^'32
Jan 2
l''^ Jan
1 4 1"32
14 14
12 15 Last Sale 13
13 Feb 10 16 Mar24 15 Oct
Apr'03 Continental Zinc
25
66
65
5034 59
64 4 Copper Range Con ColOO 131,680 37 J'ly 24 75 Febl3 4334 Mar
594
41
41
404 41
40
404 Daly- West
20 1,045 30 4 •^1120 48 4 May 7 184 Mar
81
78
79
80 4
Dominion Coal
81
100 1,335 72 J'ne 2 13 1^8 Jan 10 54 Jan
81
110 110
109 111 109
pre!
20 109 4Augl3 118 4 Feb 6 113 Dec
111
Do
100
2u, Jan 5
2 's Elm River
5
Mar 17
3
238
34
14 Jau
3
2^8
12 3,34
7 "J'ly23 14 Feb 9
83*
8*4
Franklin
7 4 Dec
8
385
84 84
25
8
J'ly24
4
4
54 Apr23
4
4
44 Granby Consolidated. 10 2,690 ii34
44
J'ly
1
•874
•874
1
3
Jan
12
1
1
••874
2
Guanajuato
Consol..
200
4 Dec
]
5 4 J'ly 15 174 Feb 9
934 Dec
74 8
74 74
Isle Koyale (Copper). 25 1,010
"54
3 J'ly 24 18 Feb 6 12 4 Dec
6
6
6
6
740
54 -Mass Consol
25
Augll
•1
1
1
1
2 4 Jan 23
410
14 Sep
14
25
l^iB Mayflower
Ihs
5^8 J'ly 24 11 4 Feb 9
8
7 Nov
8
8
9
9
-Michigan
645
25
8
'4
694
804 bi
8^^
10
'217
•50
4
1344
Last Sale 9
2184
•50
•3
174
•74
14 1"32
12
64
64
34
110
118
104
Last Sale 26
8=4
4I19
-14
1=^
114
•14
"25'
08
2-24
9
84
4V
1*4
•60
•SO
8>4
4»4
1
8
2"
-do
08
1"32
Maine Ceutral
201 Olil Colony
Aug'Oo Pete Marquette
40
9
19
24
34
1
74
1
204
3-4
6
40
25
174 20
•74 9
58
39 4 39 4
86 4 X6 4
•109 111
314
3
24
•50
34
25
',
15 4 Mexioaa Central
100
197 X V N H & Hart....lO(
Aus'(i3 Northern N H
100
j'lie'o;; Norwich & "Wor preflOt
9
64
••65
174
•74
2184 218
6
2
-75
10
1154
134
126
8
194 194
238
166
•14
40
....
10l>
Last Sale y
J'ly '03
104 106 •103 1044 103 4 104 104
104
25
Last Sale 25 4 Ang'03
28 29
29
28
Last Sale ^8
Aug'03
•24 34 24 34
24 2 4
234
3
96
954 964 954 964 96
954
954
•45 4 46
454 454 45
45
46
454
28
28
28
28
274 28
•274
28
Last Sale 8
J'ly '03
Last Sale 78^ ATig'03
Last Sale 938
Aug'03
Do pref
404
404
10(1
22<%
2434
244 2219 224 214
24
234 U S St^el Corp
100
734 7378 714 734 7034 714 70
Do pref
714
100
••70
••70
-80
•76
^75
•80
•SO
70
West End Land
25
•144 154 -144 154 14
14
14 West Telep & Teleg.lOO
134
•82
84
82
82
82 4 83 4
82
Do
100
80 90 Last Sale 80 82 Aug'03 Westingpref
•80
90
El & Mfg... 50
80 90 80 90 Last Sali 83^4. Aug'03
Do pref
50
2
24
•60 •75 •50
94
94 94
244
24
24 >4
•21*
•435
••08
6
9
'80
•80
64
6
237
14....
215
97
9»<
vref
& Mnnt (Mass 4. .100
Conn A PasA liiv pret 100
Con
70
704
Last Sale i4
J'ly '03
Last Sale 22 74 Ang-03
•94 94
94
94
*6
64
64
•235
161
353<
3534
34
34
80
804 7934 80
1744 '172 1744 172
238
214
3
94
1674 165
25
704
1174
64
215
105
25
29
70
'
10
12641264
•454 46
28
11714
172
9
105
694 70
•
125
215
•
94
123
124
17
136
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125
....
17
14
414
134
238
165
35
80
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1^4
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132
*9
70
44
15
77
115
II44II6
11841184 118 119
64
6
167
344 35
80
80
175 175
80
175
76
1354136'4
10
1634 165
34
77
6
18
117
118>4
1181*118^4
llSLjllSH 116>4ll74 117
9
15
5
18
IS
19
*
15
75
44
US VI 00
Rutland pref
170
•168
•89
22
80
Sale
100
pref
100
Bosto.n,<& Pr».viiU>ncelOl
J'ly'ii;^
79
I.ast
loii
10(i
Aug'0;> Connecticut KiTer...lO()
iTif.
Fitelihuri; prof
UHi
Aliir'O;: Houston Ertric com.lOii
•2214.
144.
147g
lOi
Last Sali 13
J'iy'os ^'avannah Elec com.,10(
Last Sal SO
Feb'tiii Seattle Electric
100
Last Sale SK4 Ang'03
Do prel
10(1
78
"Os" 100
75
22
Last Sale y4
15
777e
134
197
4 197
Last Last 166
Ti
32
ElevjitfHl
Do
175
300
Anf:'()3
192
'73'" "73*
76>-j
85S4
•234
'
78
*95"' 100
135
2-_>
Albany
Lowest
Sharef.
lot
prt'f
<fe
Boston* Lowell
Bostoa c* Maime
Do
Sale 4J
Last Sale 2534
14^8
>-.
19:
I.ast
154
Boston
Boston
(JhicJimcRTifc
28S"
135
Do
S9'..
249
137
240
171
192
135
45
!
h'ange ror
Week
KnilroniN
624 Atch Top ,t Siiuta FelO(
140
SO
196
137
233
Last Sale 65
Last Sal •i?0
'73"
78
IDO
137
195
144
74
36
-JiO
•295" 306" •295
200" 200
35
•15
24*
i74""
141
166
275
135
•40
614
8934
249
1714
175
300
•
248
Year
ror
1903
0'
EXCHANGE
August 31
£ange
Sales
th«
BOSTON STOCK
/Yuiaii
61»i.
S93t.
248
136
'
199
34»-.
15
76 V» 76\
•8:.
171
17.i
171
175
'23 24
80 4 81
15 4 153*
196 197
168
-•V'i'si'Ys""
.?
8938
.^.)i<s
247
137
4
"23'ii"24>i
81»^
81
197
8938
283
135
45
59>2
i'i>^
195
li>t)S;
166
.
604
STOCKS
Thur.idav
Aufttat -JO
August JS
247
137
239
140 41404
Prices
I'or ('ciiliiiii
Weekly and Yearly
Eeaord. Dally,
J'ly 24
58
Fob 13 d27
Jan
3 4 Aug
8 Marl3
3 J'ly
79 Aug 6
a^sJaulO
1^8 J'ly
Jan
75 Mayl4
Jan
23
1
14
2 4 Fob 9 75
Dec
815 50 J'uel'J
9 J'ly 27 23 4 Feb 9 14 4 Nov
2,235
"'y
J
24
79 Feb
47 4 Nov
2,511 43 4
3,618 16 J'ly 24 34 Feb 11) 21 Nov
;i4Augl(i
7 4 Feb 11
3 Dec
585
100 Nov
126 85 J'ly 27 126 4 Feb
J'ly
22
14
4 Feb It
14 J'ne
633
J'ly24
1
3 Jau 23
50
14 Sep
9 J'ly 15 14'e.\pr23
8 Nov
8,065
J'ly24
190 Icb 6 140 Dec
645 75
20 •40 J'lylii l»ieFeb 9 50 Jau
173^ Jan 28 3334 Marl 2
1 338 Mar
3,285 78 Aug 8 106 4 Feb 20 d34 Jan
J'ly
24 14 Feb 9
44
8 Dec
^,225
14 Aug 4 3134 Jau 2 27 Sep
13,466 1G4-J''y24 27 4 Feb 9 134 Jau
9 'g J'ly 27 17 Marlt;
13 Nov
4,295
5,454 22 Jan 24 33«8May23 19 4 J'ly
J'ly
24
3
9
Feb
9
4 Dec
1,180
54'f''y24 tl434 Mario dl Jan
5,557
525 61 J'ly 28 77 Marl 2 42 Jan
Jan 8
2^8 .Marl 71 50 Nov
325
May
334
2 Jan
2 4 J'ly
1934 J'ly
65 4 Oct
56 J'ly
146 4 Sep
119 Jau
64
1534
Mar
5^8
Jan
Feb
Feb
25
21 4 May
338
Mar
dnu Mar
49 4 Sep
14.)
6
(Jet
900
4-34
Mar
134
Jan
4 4 Mar
25 Feb
34
Feb
Feb
5
May
3934
147
34
4
18
281
Feb
Mar
Feb
May
Feb
3 4 J'ne
18 4J'lT
125 Feb
18 4 Mar
35-3eJ'ly
23 Deo
18 4 J'ly
27 4 Feb
Oct
7
6
Aug
65
Deo
134 J'ly
Bidandasked. UNewstock. fAss'tpaid. tEx-rights. aBx.div.& rights
5
August
J
1
Boston Bond Record
22, 1903.]
UONO.s
Kange
Ask Low
Bi<i
llMl;)
.\-o
4s....J'lyl'.>".>._;
Xov
J-D
Ailjustment s
Boston* Lowell
07'21
96 >2
Sale
05
19
04 ^
U3>-3Fob'03
"9814 Sale' 07 '8
0S>,. "h
1
^T:
87
89
87>-J
Boston Terminal lat 3SjS.li)4(
Bost I' n C.as 1st 5s tr rects-li'3ii J-J
lOoS' J-J
1S»1S J-J
5s trust receipts
Bur A -Mo HivesOs
Non-exempt Os
Sinkine tund 48
Butte
ife
Cellar Kan
2,1 7s..:.
& Mo R
liUS J-J
Ist 7s.l<.)lt;
1!H)'J
J-D
191
Cent Vermt 1st s4s..Mi\yl'.>20
1!H)3
Clue Burlifc Q lst7s
Iowa Div
Iowa Div
1st 03
Ist 4s
Delientiire 5s
1'.'li'
l!Ui>
li'lo
li>22
Denver Exten 4s
li'27
Nebraska Exten 4s
l'.>21
B A S \V s t 4s
"-js
liM'J
Div
3
Illinois
Joint bonds Set: Gt Nortlievii
Chic J e Ry & Stk Yds 5s .1015
CoU trust relundinK s 431040
& Mont cons 4s. .1020
Pass R 1st g 43. ..1043
1027
Current River 1st 5s
Det Gr Knp & \V 1st 4s... 1940
1913
Dominion Coal 1st Os
1900
Eastern 1st gold 6s
1904
Fitohburg4s
1027
4s
Fremt ElkifcMoVlst Gs..l933
1933
Unstamped 1st 6s
Conn
it
P9
F-A
99
M-N
M-S
"OO'-I
J-J
90
Fob '03
"S3"
J'ne'tlS
Apr '01
J'lv '03
10534 Feb '03
100
102
100
110
99
09 '4 Ang'()3
100 Dec'O'J
OS
A-O
08
00
92"
<-;
104
07^4 i>aie
1121.1
-V-O
101 Hi
"98" 100
Sale
98
M-S
M-S
M-S
-V-O
.\-o
J-J
1921 Q-J
135^2 J'ne'03
137 Mar'(>3
9038
89 "s
87^2 Atig'03
Note— Buyer pays accrued interest in
8S
l(l53i
100 V
Mondaii
Tuesdau
65
214 2134
3514 35I4
lOSg 1034
2134 2176
•3538 35*4
23I4
36^5
10^8 lO's
214
35 4
all
101.'
100.-
1st 78
95 4
80
'sMny'OS
108
.\ni;'(i:i
102
J'ly'O:^
Apr '03
J-J
J-J
103
97 'a 98
FA
A-O
A-O
A-O
A-O
105
102
102
Boston Bonds.
"
No
price Friday
112
100
119
105
100
102
.
lis
93
Mange
Sales
the
26
10
10
75
75
1"
103
102
lo6'« 106
J'ly '03
1
03
1
19
06
101410334
lO'J
Miiy'Ol
Oct '02
J'ly '03
Oct '02
ig
119
119
J'ne'02
Mar'02
944 064
4 106
J'ly '03
102
107
107
90 4 101 14
9-2 »8 106
Aug'03
Is
1004
1004111
12
101
100 Sep '02
101 Oct '0_
105 4J'no'03
1054108
Apr'03
102»4 10234
102 J'ly '03
100 4 100 4
87 14 J'ly '01
114 4-A.pr'03
102 IO4I4
99 4105
102-'4
Daily,
7834
15
10241024
102
944
,101
118
70
97
102
102 4 Aug'03
107 Feb'03
1-2
91
1
094 Aug'03
and
11441144
H Trust Co.
a.skod.
ctfs.
Weekly, Yearly
Range
lor Year
lor Previous
year(190'i)
1903
01
CFor Sands and Inactive
94
102
.
latest bid
;
4
1014
1014
99
Feb'112
103
12
I24I4
101
104
I2HI4 23 "4
102
102
J'lU'dH
lOiPsMiu'OS
J-J
104
1124
106181084
1084 11118
Apr'03
73
73
20 AnB'03
10 Aug'03
75 J'ne'O::
104 War'02
97 4
97 4
102 J'ly 'OH
J-J
Exchanges— Stock Record,
Friday
August 21
Week
Stocks see below)
Shares
Highest
Lowest
Highest
Lowest
Baltimore
*65
66
.108
2234
23
22 14
224
3 6 'a
3634
3518
11
11
35it
lli«
lO's
J'ly
J'ly
ACTIVE STOCKS
1/
66
66
A-O
Jan 1039
Istcons inc3s
Jan 1939
•Jd cons inc 3s
M ich Telep cons 5s Ir rec.1920
Minne Gen Klec con g 5s 1020
1020
New Kng Cot Yarn 5s
1006
New Eng Telepli 6s
1007
6s
1008
6s
o;<
lOtl
lT.\Kx
MS
Thursda
August 20
-994
1st 6s. 1025
MexiCiiii Central cons 4s. .101
AuK'03
Aui;
130
130
100
110
115
95
KO
J'ne'(i3
10
118
1
addition to the purchase price for
Wednesday
August 19
Marq Hough diOnt
N YifeN Eng
'99'
Share Prices— Not Her Centum Prices
An gust 17 August IS
115
"o'dHiSaVo" 95
82
80
100
i-j
Philadelphia and Baltimore Stock
Saturday
August is
M-M
no
108
101
Low Jli(/h
974100
97 1014
Iliyh
.".i;iii2"
AG
1
58
Low
J-D
AO
1005 J-J
1st 6s
1924 F-A
90
96^2 Old Colony gold 4s
Oreg Ry it Nav con g 4s.. 1046 J-D
1922 FA
103 >-2 10734 Oreg Sli biuo 1st s 6s
96
98
Repub Vallev 1st s t 6s... 1919 J-J
125 12s
1902 M-N
Rutland 1st 6s
125 'a 1271-.
Rutland-Cauadiau lat 481049 J-J
100 107
Savannah Elec 1st cons 5s. 952 J-J
1930 FA
102 107 S2 Seattle Elco 1st g 5s
Torrington 1st g 5s
1918 M-S
II2I4II2I4 Union Pac RR<fe Igrg4s.l947 J-J
100 10334
1911 M-N
1st lien conv 4a
95 1-2 100
United Fruit conr gen 53. 1911
106 110
1903 M-N
Vermont <fc Mass 5s
105 107>4 West End Street Ry g 58.. 1902 M-N
1914 M-S
Gold 41.28
Gold debenture 4s
1916 M-N
1351-2 138
Gold 4s
1017 FA
137 VAT^ Western Teleph & Tel 58.1932 J-J
63 87 14 9412 Wisconsin Cent Ist gen 4sl949 J-J
871-2 04
Wisconsin Valley 1st 7s.. 1909 J-J
'
93
135
135
90 ^8 Sale
.
l(>2i-j
I
it's'
'03
J'ly "03
106 Ang't»3
105 14 105 '4
lOO's Mar'02
IIII4 MaT'02
.,
101',
09
Jan
106
105
'4 1 1
105-
973,
J'ly '03
Apr '03
A-O
(
82>i3
M:av'03
J-D
A-O
1 1
A«g'03
0734
125
125
100
132'4l32
Aug'03
125
125 >•>
100 Aug'03
102
103
109 '4 Mar'02
MS
"-j
i;an(i«
since
Januari/ I
97 Si J'ly '03
98
98
130 Feb '03
fj R it Ft Sm Id gr 1st 7s. ..1005 J-J
Maiiio Cent cons Isl 7s. ..1012 A-O
1012 A-O
Cons 1st 4s
115%
111
'99>4 "99
104
J-J
GtNor C B<S;QcoUtr4siy21
Be!ristered4s
113
OOi-iMay'O:;
J'ne'Ol
132'.|-Mar'03
117'4Feb'l):!
S2>2 Au{;'03
99^8 III"
\-o
A-O
M-N
A
Concord
Jan'03
100
St P Dub n Cs.. l'.)2(i J-J
Ch
Ch :m it St P Wis V (Uv 0sli)20 J-J
Chic it No Mich 1st cu 5s. 1031 M-N
Chic it \V Mich geu 5s. ...1021 J-D
Mil
llSi-j
101
I13iall3'j
1023^113
80
91
101
ytSh
Week's
Jiange or
fMst HaU
'08"snlo"
1034 MS
-M it B gen 4s
Mar 0;!4 Spl
ncomo 5s
Kan C <& M Ry it Rr 1st 5sl020 A-O
Kan est Jo AC B 1st 7a.. 1007 J-J
I
105'-2J'ly'l)'j
"
191l» J-J
lis
Mar'ttH
M
KanC
90'-jFeb'0:!
Ill Aug'o:!
111
A-O
M-X
Boston 1st
A
99 '8 Jan '02
101
. .
la Fallsife .sioii.K C 1st 7s. .1917
Kan C Clin Spr 1 at 5s. . . 1 925
Kan C Ft S it lUilf 1st 7s. .1908
1028
6s
Kan C Ft Scott ,t
92'->
126:'i .\pr't)l
FA
FA
1010 J-J
1 91 :( A-O
Illinois Steel
113'-2ll:i'-;
97 lOl^'i
8618
Price
Pridaii
Aunnst 31
tSid
deben 5a
Non-convert deben 5a.
96 Vj 09 's
93 4 98\
l04V2Apr'l)(P
li'Oi
4s
1'.'ll J-.l
Boston ite Maine 4Hj8
]!>();>
Improvement 43
Host it Mon :i(l issue 7s. ..ll'DI \1-N
2(1
1
Low Hiqh
It
08
07
95
ti
Atthife Nebraska
Jim
January
=^^.
391
RONMiS
liOSTON STOCK EXCH'GE
WEEK ENDINO AUaUST 21
Jianne
Since
or
last Sah'
Jiioust 21
4i
4S....I008 J-J
Am Bell Telephone
J-J
Am Telep A Tel collIsitr4s.li»'2;>
7s..l!'(IS MS
.
Week's
Pried
boston stock kxch'gk
Wkkk k.ndi>o August 21
Atoh Top tfc S Ke RCU g 4s.
1
100
*22
35
*11
65 Augl4 72>2Jan 5 62 14i
11 100 J'ly 27 118 Jan 12 104
7,570 18 AuglO 2814 Jan 2 23->83
3,025 33 AuglO 45 Jan 2 40 141
1.892 104J'ly24 14i4Jan 3 13
66 Consolidated Gas
100 Northern Central
22 14 Seaboard Air Line
35
Do pret
UnitedBy&
lli«
100
50
100
100
Electric. 50
Jan 74 4 Sep
Jan 12514 J'ly
Dec 3434 Aug
Dec 554 Aug
Oct
17
igSep
1
Mar
Pliilnilelnhia
Do
22
224
3
1034
3I1
3
2238
3
1034
104
1034
69
69
404
40^8
22
22
3
11
69
•4034
2
3
11
69
41
4
63
62 462i&ie
40
40
62
40
•69
70
40=8 40=8
2
40 4
534
534 oi^ia
124 124 *124
534
13
273s 28li6
'40=^ 41
21I16 215,8
914 10 14
69
*40
2
6234 633i6
4034 41
62
534
534
124 134
28
23i5i8
ais*
22
404
40
404 40
6ii6
513i9
13 '8
13
275ie 287ie
35
41
35
44
44
404 40 4
35
43^8 44
84\
8434
843.
85
85
84
Bid
Ask
Iron
<&
10
50
Steel
American Railways. ..50
BeU Telephone
Cambria Iron
50
50
10
Central Coal & Coke. 100
Preferred
100
Consol Trac Pitts
50
Preferred
50
Danville Bessemer... 14
Camden & Trenton
Diamond State
714
4634
47
8I4
84
57 14
&
West Jer-sey & SeaSh.50
Westmoreland Coal...5o
»
M
Nav 44s
M
VC
V
107
50
83
99
109
93
Q
44
95'..
96'
1^
270'
N
Bid aaa asked pnces; no sales on this day.
||
Lowest
13
pref
& Nav
PHILADELPHIA
99 4
112
M
M
A&O
M
ConM
110
J 04
112
5
144
489
64
Aug
7
3 7^8
1^8
Jan
3
6,532
4,711
9,578
6,780
61,930
403
Phil Elec gold trust ctfs.
Trust certifs 4s
P & E gen
5 g '20. A-O
Gen
4s g 1920..
Ph & Read 2d 5s '33. A-O
Con
J-D
7s 1911
400
1,459
1,443
Bid
9334
624
114
974 98
lOti-ij
105 '8
lieJ'nel5
i4J'ne 8
J'ly 15
3738 AuglO
Allan Coast
Canton Co
Georgia Souife Fla...lOO
1st pref
100
2d pref
100
G-B.S Brewing
1204 1214 JIt Vernon Cot Duck 100
1184 119
Unit Elec L <fc P pref. 50
135 137
70
Bonds
Anacostia & Pot 5s
<fc Ch Ist 7. ..1907 J-J
L(Ct)ctf 8 5s J-D
Ctts of indebt 4s
J-J
Bait C Pass l.st 58 '11 M-N
Bait Fundg 5s. 1916 M-N
Exchange 3 4s 1930 J-J
Refunding 3 48 1952 J-J
BALTL>lORE
Chas By G <fc El 5s '99 M-S
123 14
12034
104
105
1104
59
1st 6s tunnel. .1911 J-J
Bait Trac IstSs.. '29 M-N
No Bait Div 5s 1942 J-D
1074
iio'
Convertible 5s. '06 M-N
Central Ry Os... 1912 J-J
Consol 5s. ...1932 M-N
t
Ex-righta
114
116
90
100
Col&Grnv I.st6s.l916 J-J
1144
Consol Gas 6s.--1910 J-D
1939 J-D
5s
Ga & Ala 1st con 5s '45 J-J
108=8
GaSoife
iiTa 1st
.
'22 J-J
5s 1945 J-J
1094
106
1064 108
.
G-B-S Brew 3-4s 1951M-S
2(1 income 5s 1951 M-N
Knoxv Trac 1st 58 '28A-0
LakeR El 1st gu5s'42M-S
JIetSt(Wa8h)lst5s'25FA
Ver Cot Duck
Incomes
New Orl Gas 1st
1st 5s.
111
484 49
334
32
67
694
5s. .Var
Npt N&O P 1st 5s'38 M-N
Norfolk St Ist 58 '44. .J-J
North Ceut443 1925 A.O
"95"
67
10
70
12
II4
40
90
106
J-J
6s 1904
Series A 5s 1926.... J-J
Series B 5s 1926. ...J-J
Pitt Un Trac 5s 1997. J-J
Poto Val 1st 58 1941.. J-J
Sec AvT(Pitts) 58 '34 J-D
Sav Ela cfe We.st Ss '34 A-O
Seaboard
L 4s 1950 A-O
Roan 5s 1926. J-J
Seab
South Bound 1st 5s..A-(J
A
&
U El L&P 1st 44s'29 M-N
Un Ry & El 1 St 43 '49 M-S
J-D
Income 4s 1949
Va Mid 1st 6s 1006. .JI-S
ii2
il5"
119
10 L
1024
Ext&Imp 5s. 1932 MS
IO94I1I04 Chas City Ry 1st 5s'23 J.J 103 4
ex-diyidend.
Apr
Charl C & A ext 5s. '09 J-J
2d 7s
1910 A-O
City&Sublst5s-.'22 J-D
City& Sub(Was)lst5s'48
.Mt
BaltifePlstOsml'll A-O
II3I4
Sep
50''8
Ash
Georgia P 1st 6s.
111
-\tl Coa.st
114 4 116
134 J'ly
85
Bid
1224 GaCar&Nlst5sg'29J-J
Atl
1144 117
Oct
Jan
43 4 Dec
34 Jan
99
63
lOO
1093.
Feb 10
5,16
7334
Ask
L (Conn) 100
102
109 4
4734
Apr
Muv 29'sS^oi)
6 Dec 36 Apr
33 Dec 8OI4 Apr
65 Nov 7934 Sep
2914N0V 384 Dec
2^8 Feb 5iiioOct
I4 Aug
34 J'ly
23
.
.
103
10
Jan 5
9"l6 Jan 2
4034 Jan 2
7934 Feb 5
4573 Jan 30
4 Jan 6
4 Feb 18
1
Feb Hi
78-34 Jan 6
'
BALTL>IOUE
InHCtive Stocks
Atlanta & Charlotte. 100
J
4 Jan
26-3.)
Aug 6 !) Jan 8
5
94 Sep
IOI4 J'lylo 1778 Jau 5
814 J 'ne 1878 Oct
26 14 Mar 393i6 Sep
2034 J'uelO 341I16 Jan 2
3979 Aug 6 141116 Feb 6 40 Mar 4514 Sep
32 4 Aug 6 40ie Jan 6 30 Jau 40^1
leOct
42 4 Aug 6 4734 Febl6 32 Jan 483.^4 Fob
80 Aug 6 1164 Jau 31 101 4 May 126 May
14 Sep
23 Augl4 31 .Marll 24 Jan 401.
106
108
Aug 12
59
115
6sgl911....JD
Ex Imp M 4s g '47. A-O
1104
Con.M of '82 48 '37. J-J
Terminal os g 1941. Q-F 122
P W4feBcoltr4s'21.J-J
Rocliester Ry con 5s 1930
S R E Side 1st 5s g '35 J-D
U Trac Ind gen 58' 19. JU Trac Pit gen 5s '97 J-J
Welsbach s t Ss 1930. J-D
J'ly 30
6,725
1,166
Ask
NY
433^
4I4
84 4
27
F-A
'14.
4s g
1914. y-F
Gen
4 4s g. 1924. Q-F
g
Leh
'33.. J-J
1st 5s
Leh ext 4s 1st 1948. J-D
M-S
2d 73 1910
J-D
Con.sol6s 1923
J-D
Annuity 6s
Leh V Trac 1st 4s '29. J-D
Nat Asphalt 5s rects..
N ew Con Gas 5s 1 94 s .1- D
Newark Pass con 5s 1930
Ph & No 1.3t 4s 'ao J-J
Income 4s 1930. ..M-N
No Penn 1st 48 '36.. Jf-N
M-S
Deben 6s 1905
Penn sen 6s r loio..Var
Consol 6s c 1905. ..Var
Consol 5s r 1919. ..Va
Penn <fe Md Steel con 6.-^
Pa ifc
Y Can 7s '06. J-D
Con 5s 1939
A-O
Con 4s 19;-i9
A-O
Penn Steel 1st 58 '17 M-N
People's Trtr certs 4s '43
P Co l.st& col tr 5s'49 >t.S
100
50
50
.MarsdenCo
100
Nat Asphalt Tr Co rects 50
Do pref Tr Co rects 50
Pennsylvania RR
50
Philartelp'a Co (Pittsb) 50
Philadelphia Electric. 25
Pliila Rapid Transit ... 50
Reading
50
Do 1st pref
50
Do 2d pref
50
Union Tracton
50
United Gas Impt
50
WelsbachCo
100
1174
N
H
RRs
Iroiiifc Steel.
50
Sttel.lO
Che ifeD Can Ist 5s '16 J-J
Choccfe Me 1st 5s 1949 J-J
Ch Ok & G gen 5s '19 J-J
Col St Ry 1st con 58 1932
Con Trac of J 1st 5s. '33
E
1st
53 1920 M-N
Elec
Peo Tr stk tr ctfs
Elm <fe Wil Ist 68 '10. J-J
Eq II Gas-L 1st g 5s 1928
iS; B Top con 5s '25 A-O
Indianapolis By 4s. 1933
Lehigh
50
North Penn.sylvania..50
Pennsylvania Salt
50
Pennsylvania Steel.. 100
Preferred
100
Phila Co (Pitts) pref... 50
Phil German <fc N orris. 50
Phila Traction
50
Railways General
10
Susqubh Iron <fc Steel. .5
Tidewater Steel
10
United N J RR & C. 100
Unit Pow ife Trans
25
United Trac Pitt.s
50
44
Sid
Al Val E ext 78 1910 A-O
AmRysconvSs 1911. J-D
Atl City 1st 5s g '19. M-N
Balls Ter 1st 5s 1926. J-D
Interstate Rys—
3-3 4-48 1943
Minehill & Schuyl H..50
NesQueliouiiie
50
Preferred
Warwick Iron
PHILABEIiPHIA
&A
&
.
Haven
'34
44
84
*22
84
64
69l6
13\
2714 2S3l8
40 4 403^
Bethle Steel 6s 1998. Q-F
Steel
Schuy Ucill
84
2i8
Berg&EBrw 1st 6s'21 J-J
"4't334'
Preferred
Easton Con Electric. .50
Electric of America. ..50
Elec Storage Batt
100
Preferred
100
Germantowu Pass
50
Harrison Bros pref. . 100
Indianapolis St
100
Inter Sm Pow & Chem. 50
Keystone Telephone ..50
I^eferied
50
Lit Brothers
10
Little
64
1334
Do
Lehigh Coal
70
404 Lehigh VaUey
39 '8 40 14
41
41
*34
35
*4378 44
*34
84
pret
Cambria Steel
50 4,053 20 Aug 6
Consol Lake Superior.. 100 11,031
138 J'ly 30
62i« 6113l8 62=8
Bonds
Inactive Stocks
Amer
4014
*2
3934 40
61*
6
1334 137(
267a3-iiia
^8
35
American Cement
eisg
6278
44
PH11.ADELPH1A
*69
2
44
*4058
40
22
l«xa
234
9
71
344
40»i6
258
838
2134
21^8
694 69
35
35
4378 43 '6
84
N
22
2I4
214
27427i5ia
404
224
h Jan 10
50
50
-American Alkali
2d series 6s 1911. ..M-S
3d series 68 1916.. M-S
4th ser 3-4-53 1021.
5tli series 5s 1926. M-S
1014 102 14
774 78
115
84
92 4
63 4
9 2 •4
6334
MS
Va (State) 3s new
Fund debt 2-38 1991.J-J
West N C con 6s 1914 J-J
'.52. J-J
109
873.1
8^14
WesVa C&P 1st 6g'll J-J
Wil
& Weld 5S..1935.J-J
115
90
114
1174
—
I
— ——
1
THE CHRONICLE.
392
Volume
iJns ?»ccuriiifs
Indianapolis Gaa stock 50
1st 6s 1920
.M-N
Business at Stock Exchanges
of
Jackson Gas Co
.".s u' 1937
Kansas City Gas
rKVNSACTIONS AT THE >'EW YOKK STOCK EXCHAN'OK
DAILY,
WEEKLY AXD YEARLY
T5S1922
Gas
stocks
Kailroad
AuffWtt J
402,808
732.470
*3'J,2t>l,S00
7i',372.iiOO
1,0! 2.19!
9,">HT 4t'0
8:\r".ntay
-ly
.-.lay
Uiiiiicsiiay
1
$1,391,000
1.784.500
2.745,000
1.967,1500
-,.;oo
1,384,100
1,158,600
4.2S1,205 $407,614,950
$10,430,800
(>0
Thur-siLiy
Friilay
t-
Total
,
.
_
, -
.
-
-.
Exchanye
$3,000
$1,000
to
1
August 21
1902
Telegr
AinDe
—
113,251,261
109.502.734
3.547,986
4.281,205'
„
>i o.aUares
SloOcs
^,,,,
„
i407,614.950 $340 485, 500 $lO,247,0-3,5oO $10,724,804,175
Par value'
$409,700
4>9,OU0
$432,550
Bank shares, ;>ar..
BOXDS
Ooveruiuent bonds
1,000
10,430,800
bouds
Kli. auil mis.
boDda
I'olal
$11,730,700
$10,434,800
$586,708,000
.$443,079,450
II
Listed
share'
1W3
sales
27,984
20,43
20,321
25,660
119,035
70,828
$318,300
15.4-<1
264,880
90,723
$177,010
.
Frlilay
Total
«fc
Telephone
For't Wireless llHi
79
98
94
35
103
150
112
Weekly Review
75
47
U5
1IGenEldebg3ios42 F-A
83>.i
Hartford (Ct) Elec Lt 100 225
KiUKsCo El Let P (;o 100
170
Narragan (Prov) El Co 50 tio4"
li
Ask
Street Railways
Grand Kapids Ry....l00
Preferred
100
& 3—
90
6I4
02
H.
117
118
list
Pav F 58 Hee St
Wetropol Securities Mee
Metropol street Ky Hee
NLnlh Avenue stock. 100
S<ecoDd Avenue stocklOO
Tjlsl niorl 5» 1909 M-N
F-A
Consul 5s 1948
llSlxlh Avenue stock 100
Sou Boulev 5s 1945. .J-J
Bo Fer Isi 5» 1919. ..A-O
list
X list
X hat
UnitKys(StLTrans)100
<fe
k
109
415
75
109
loo
Exc
Stk E
Stk t
190
213
4104
ill3
175
4108
4105
105
114
180
109
108
Stock Exch list
M 5s 192» 107 108
ykersStRHSa 1946A-0 108 109
28tli <fc 29th Sts 1st 5s '90 112
lITweuty-Th'd St stk 100 402 410
102
J-J
103
Deb 5s 1906
Union Ky l«l5s 1942 F-A 115 116
l8t58'43J-J
108
Westchest
Hi 109
W
A'ee
BROOKLYN
Atlan Ave 58 1909.. A-O 4102
A-O 110
Con 5s g 1931
list
Inipt 5s Hee Stock Exc
BB&
W E 58
104
101
102
Brooklyn City stock. ..10 236
Con o8 See .stock Exch Hat
Bkln Crosstn 5a 1908. J>J 103
Bkn Hgts l8t58 1941 A-(J 105 107
Bklu'jCoife Sub .See Stk Kxcii list
Bkiyu Hap Tran See Stk Exch Uat
J-J
Kef (;4» 2002
Is.ife Bklyn ..loo
l»t c«n.i p 4a 1948..JJ
4
DCouey
Brk C
&N
GrStANew
58 1939. J-J
St 5s '00
1
F-A
80
385
95
113
102
105
100
115
N
OTHER crriKS
Chioat'r. 'Jity
Ky stk.loo 165
US
107
170
i.xch llHt
Cl.i.
Cl«--
':::.-.',
Clev.
C'OluiiiKun (O^ al
Preferred
Colnm Ky or.
Crogsl'wn
Ky..lOO
lool
'
"
'
;
Detroit
4
(..'ml
Buyer pays accrued
6«'»
73
87
89
liiOHi
lo2
;• list
.iH
/.xch
48 1934.....SeeStk
109 Hi
llat
lotereal.
Exch
71
Industrial and i>Iiscel
100
Alliance Realty
HAllis-Chalmers
1! Preferred
list
Gas iSecuritiea
NEW YORK
100
100
4104 107
k Exc h list
214
t
Stk E X
list
275
300
Ist consol 5s 1948. -J-J 4103
106
N Y&
6'ee
Stock Exch
East River Gas—
J-J 109
lal 5s 1944
Consol 58 1945
J-J 4105
Nor Un 1st 5s 1927. M-N 103
liStandard Gas com ..100 130
100 150
1 Preferred
l8t 53 1930
M-N 4113
OTHER
Amer
10
Preferred
Amer Press Assoc'n.lOO
Amer Shipbuilding... 100
Cent Union Gas Ist 5s...
Con Gas (N Y) stk. See St
Bights
E(]uitGascon58l932 See
100
liMutual Gas
New Amsterdam Gas
410
Or'pt .fclxirlmer St lal 6»
KinKs Co. Elevated
lat 48 1949 See Stock Exch list
83'-^ 84
100
Nassau Elec pret
A-U 110
58 1944
See St k Kxc h list
let 4« 1951
Wb'»<<fc Flat latex 4 i-is 102
118
ttteioway lat 68 1922.J-J 4116
BafTalo Street Hy—
iBt consol 5s 1931. .F-A 4111
Deb 6s 1917
A.(; 4104
«eu
list
112
108
106
140
160
116
CITIES
100
Preferred
Am Soda
Fouu com. .100
lOo
100
50
.\raericau Suret.y
Am Slrawboanl 6s. ..F-A
50
Tob.acco
com.
..
Amer
100
1j Preferred
Am Typefo'rs com... 100
100
Preferred
.\mer Writing Paper. 100
100
preferred
J-J
5s 1919
IIBarney & Sra Car ...100
100
llPreferred
50
Bliss Company com
50
Preferred
Uouil<fe JItg Guar.. ..100
Borden's Cond Milk.. 100
lOU
Preiorred
1st preferred
2d preferred
Tract. 100
58
63
Preferred
87
100
93
Baltimore CousoUdat See halt list
Bay .State Gas
3
50
3l9 Camden Land
Hinirhamton Gaa 5s 1938 4 93
100
Celluloid Co
Baitalo City Ga8 StocklOO
4
5
Cent Fireworks com. 100
1st 5s 1947 See Stock Exch list
100
Preferred
10(J
Chicago <j as .See
Stk Exch list
Central Foundry
Cincinnati Gas & EleclOO
100
94 Hi 954
Preferred
92^4 93 H,
Col Gas L & Heat comlOO
Deb 6s 1919 op 'OlM-N
Preferred
100
100
96
99
Century Realty
Consul Ga.s (N J) stk. 100
30
Ciie.sebroiigh .'MljrCo 100
100
Tool.
l8t 5s 1936
J-J
69
(;hic Paeumatlc
90
Couaiim Gas (J City)
1|Clatlin(H B) Islprel 100
loo
M-N 4100 102
lat 68 1904
3;2d preferred
100
50 t
TlDetroit City (4as
IJCommon
100
Coal&I
pf
Essex & Hudson GanlUO
85
90
Col & Hock
J-J
Fort Wayne 6s 1925. .J-l
62
Ist g OS 1917
06
rGa.*! & Kl IJerKen Co 100
Comjiressecl Air Co... 100
(iraiid Kapiils Gas
Cousolid Car Heating 100
• iHt 5s 1915
F-A 4102 104
i;Con8 Firew'ks com .100
1 00
11 Preferred
Hartford (Ct) Gas L...25
48
100
Hudson Co Gas
58
60
Cons Ry Lt K& Kef rig. 1 00
See Stock Exch list
Consol Rubber Tire. .100
58 K 1949
De.beuture 48
lnihanaNat<& Ml Gas
M-N 63
l«t OS 1908
58
Cons Storage BatteryiOo
LifchtiS;
NV
I
1
Price per share.
(
Sale price.
a
Ex
righto,
Electric Boat
Preferred
7239
135
15
20
45
17
40
100
100
1910
M-.N
II4
10
Hj
10
46
"67""
63
98
100
h
f
128
128
19
115
25
5
6H»
24
30
90
28
47
28
50
95
100
1
3
30
40
8
4
200
1 03
4
30
100
98
135
4
Oil
100
Preferred
100
Hud,son Realty
futerboro K T (lull paidi
Internat'lBankiiigColOd
lut'u'liMerc Marine. 100
100
Preferred
Col tr deb 4 '.2l922op'07
International Sa It
100
106
7
35
120
99
145
4
16
971
9
Istg5sl951
4 Hi
18
100
10
41
8
^33
89
170
170
39
International Silver. lOii
Preferred
100
Ist 68 1948
J-D
John B Stetson com.. 100
160
Preferred
100 160
KitclienerGold Min'glOO
Lack Steel 5s See Slocli Exch
20
Lanston Monotype
Lawyers Mort liisur.loo
1|Lorillard(P)prer ...100
4
38
102 Hj
23
91
29
90
21
88
25
80
90
4
50
)
47
115
130
25
65
112
1^20
TJNew York Dock ....100
llPref erred
6
10 14
37 H.
New Eug Cousol Ice. 100
N Y Biscuit 6s 1911. M.S
N Y Mlge & Security. 100
15
44 14
100
N Y Transportation... 2(
Nicholson File Co
100
Nor Am Lum'r & PulplOO
2I4
21*
Mex Nai
NewBruusCanuelCoal 10
20
lINew Central Coal
H»
list
170
160
295 305
33 14 o3>'4
115
30
10
60
Lawyers' Title Ins. ..100
LightFueUfeP of WValOU
37
95
60
1'4
1H»
6Hj
Houston
102
Uaitroail
Chic Peo <fc St L pref.lOO
4
8
108
Prior lien g 4 H2s'30M&S 4106
Con mlg g 5s 1930.J<fcJ
90
95
Income os 1930
22
26
Oil K X <fc Pac 5s .Sec Stk Exch list
87
Erie couv4sAprl'53A<feO 4 85
251.2
23
IINat RR of Mcx 2d pf ( wi)
Northern Securities.. 100
88 Hi S9
51) t 30
Pitts Bess & L E
33
Preferred
50 f 72
75
20
30
Va<fc South western., loo
19H2
28
72
Electric Lead Keduc'u.50
Construe. pf 100
Monougahela R Conl..50
Preferred
50
Mosler Safe Co
100
National Carbou
1 00
Preierred
100
IINat Euam & Stamp 100
100
llPreferred
National Surety
100
92
103
109
104
4
UnitKy.sSanFran ieeStk Exch isl
IJAmer Bank Note Co. 50
8-8 10
Wash Ky cfc El Co.. ..100
American Can com. ..100
3714 39 Hi
100
Preferred
Preferred
1 00
71'.,
J-D
48 1951
72
American Chicle Co.. 100
45
100
TiWest Chicago St
57
Preferred
100
UCong 58 1936. ...M-N 80
86 Hi .American Elevated
Amer Graphophone...lo
NYG ELH&P
li
1933. .AO
lOU
Preferred
205
215
19
68
102»4
loig
Madison Sq Garden.. 100
M-N
2d 6s 1919
20
5H Manila llaii Transit
11
40
83
100
1st 58 1909
J-J i
North Jersey St stocklOO
17
"id"
M-N 74 Hi
4s 1948
Pat By con 6s 1931. .J-D 4124 128
2d 6s 1914
A-O 4100
75
Rochester Ky
100
82
100
98
Preferred
99
Con 5s 1930 See Phila list
J-D 4102 105
2d. 03 1933
95
So Side El (Chic) stk. loo
98
Syracuse Kap Tr 5s 194( 4100 102
410
90
102
4105
98
50
lOth <fc 23(1 Sts Ferry 100
Ist mort 5s 1919...JD 4 98
35
11 Union Ferry stock .100
M-N 93
Hist 5s 1920
N y &Hobcou 5s'46.J-D
Hob Fy lsl58 1946 M-N
N Y<feN Jlst5sl946.J-J
I8H2
741.
116
103 Hj
M-N
Isl 5s 1922
list
1
3
16
65
B<fcNYl8t68 1911.J-J 106 109
Con 5s 1948 See Slock Exch list
85
N Y & E R Ferry_^lk.lO0 80
52
114
103
^Scnp
405
100
Avenue
8t...
Eighth
1
F-A 105
TJScnp 6s 1914
1l42d<fc lirSt F'y stk.. 100 410
70
Av
100
il42d St .M <fc St N
lilst mort 63 1910 .M-S 108
96
1i2d lucorae 6s 1915 J-J
1932.. .J-D
5s 1914 ....F-A
t,l8t jtoUlos
Third Avenue
P&
Tarry
45
75
15
64H2
i
Brooklyn Ferry stocklOO
Ask
Bid
46
35
Indianapolis St Ky S-ie Phila
99 100
1ilsluiorl4s 1950 ..J-J
17
J C Hob & Paterson..lOO
245
TJB'y d: 7tli Ave stk ..100 242
48gNovl 1949. ..M-N 731-2
..J-D
Too
100
Hi
Ijlst luort 5s 1904
Lake St (Chic) El stk. 100
102 Hi 105
ijailniort 5s 1914 ...J-J
l8t5s 1928
J-J 4101 H;
Con 5s 1943 Hee stock Exch list
B'waysurf lsl5sgii 1924 '^106 110 !jLoui8V St 581930. .J&J 4114
"2
J-D
Lynn&
Bos
Ist
58
'24.
4116 H;
1905
100
rental
98
Hi
2il 5s lut a«
i
MinneapSt Ky 53 6'eeStk Exch
266
^Cenl'l Crosst'n stk.. 100 265
100
9
New on RysCo
Hist M 6s 1922 ...M-N 4121 122
100
30
10
Preferred
1ICeuPkN& K K stk. 100 205
8i\
J-J
1952
181
188
4Hjs
i
liOhr't'rdi loth bt stk 100
95
North Chic Str stock. 100
Col<fc 9th Ave 58 Hee Stock Exch list
Lex A V
35
65
130
Ferry Couipnnies
Knilwnys
Bid
NEW YOKK CITV
33
Bleeck St & Ful V stk 100
00
22
4 1
UDiamond -Match Co.lOO 134
1i5s
Electric Coiiipniiies
Outside Market will be found on a preceding page.
tstreet
Dry D E B
>..
Chicago Edison Co... 100 140 145
Edison El lU Brk 4s N V Stock Exch
Outside Securities
ASK
!75
Preferred
50
Electric Vehicle
1 00
Preferred
100
Electro- Pneuni'ic Tran 10
Empire Steel
100
Preferred
100
Fuel Oil Power
100
lIGeneral Clieinical ..100
1.100
II Preferred
Gold Hill Copper
1
Gorhaiu .Mfg Co com. 100
Preferred
100
Greene Consol Cooper. 10
Guggenheim Kxplorati'n
Uackensack Meadows 100
Hall Signal t;o
100
7
82
Havana Comiiiercial. 100
li
Preferred
lOo
Hav.ana Tobacco C()..10ii
98
Preferred
100
I04I4 Hecker-Jones-Jow'l JIill
167 Hi
1st 6s 1922
M-S
120
Herring- Hall-Marvin 100
Isl preferred
lot
85
53
2d oreferred
100
Hoboken l.aiidifc ImplOU
122
Y&N
Preferred
100
Rholsl ElecProtecColOO
United Eleclricof N JlOO
J-D
43 1929
/nd
Douuniou Securities. 100
NY&y ElL&PowColOd
ot
97
I
$8,000
65,100
47,000
81,000
29,600
87,000
9,158
45,500
11,000
43,000
24,000
21,010
Thursday
sales
7.709
13,069
11,348
14,293
10.134
14,275
I}i32,500
Tuesday
Bond
Unlisted
shares
Listed
shares
7,765
15.499
23.196
18,276
12,324
13,663
Monday
.
Bond
shares
28,402
44.940
60,154
49,481
42,012
39,891
Saturday
Wcilue.tday
I'hiladelphia
VnlisUd
17
95
{
iOo
100
"ao" 90
MarooniWireless Telejr.o
3
4H2
Northwestern Teleg. 50 120 125
158
:lN
J Telepho .100 150
53 1920 .See Slock Ex Chang e list
Pacific <fe Atlantic
70
80
25
Providence Telephone. 50
lu3
llSoutliern <fe Atlantic 25 100
rel Tel & Cable of Am. 15
5
EXCHANGES
Boston
100
'Central & So Anier .100
CUescfc Poto Teleph. .100
53 1909-29
J-J
'iConiniercial Cable ..lOd
Comiuer Un Tel (N Y).2;"
Einp & Bay State Tel 100
Franklin
100
lltioicl & stock
100
1,4 HjS, 1905 ..
Hudson RiverTeleph 100
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
Week ending
August 21
81
l.-ViuerTelegcfc Cable 100
Hell Teleph ot Butlalo 100
$588,300
1,542.200
584.577,500
$9,177,250
362,000
434,139,600
$11,500
161,800
11,657.400
$3,000
State bonds
103
50
i.)
1903
1902
1903
$3,oo6
"$i',ooo
January
Week ending August 31
aales at
Mew I'orv Stock
£7
Bonds
Bonds
Par value
Sharts
65
106
f.5
1 Preferred
85
Lnlay'eGaslst l)s'24..M-N
60
65
Locit WabV Ist 6s'25.J-D
51
.Madison Gas 6s 1926..A.-0 4106
110
Newark Gas 68 1944. Q-J 4135 137
Newark Consol Gas.. 100 7 2 Hi 73H!
59 1948 6>e Stock Kxoli list
HOifc IiidCNatJfc 111 .100
8
12
1st 6s 1926
50
J-I)
54
Providence Gas
50
St J oseph Gas 5s 1937. J J
92 " 9.-)"
St FaulQas Gen 5s'44M.S
88
90
syracu.se Gas 5s 1946.J-J
97
•):">H>
1^4
UnitedG.iStfe Elcctwillo
1',
40
Unite(l(vasitElec,NJ 100
10(>
Preferred
90
S
Bonds
State
ttc
Industrinl an<l :>liscel
Consol- Tobacco
100
Continental Tobac deb 7s
Cramps' Sli.fcEu BldglOO
io.V llCriicible steel
100
llPretorrod
20
100
ASK
Bid
A-O JlOO
A-O
lll.acledo
H>«* ending
[Vol. LXXVII.
t
5
6H»
159
7
100
4
32
35
100
93
Preferred
100
90
Pittsburg Brewing
50 f 2934
50 t 44
Preferred
2938
100
Pittsburg Coal
Preferred
100
83 H.
130
100
Pitts Plate Glass
103
Prall & Whim pref..l()0
96 100
ll'-V 13
lOU 350 360
Procter ifc Gamble
80
100 200 204
Preierred
oO
55
UO
4
4 m Really Assoc (Bklyn) 100 105
99 101
41'v, Royal Bak Powd pref.lOO
41
25
63
Russell & Erwin
61
105
113
170
Safety Car Heat<& LtlOO 165
83
86
1
Hi
t
H Seminole Mining
125
3 Hi
4H2 Simmons Hardw com 100
129
Preferred
100
9
100
2d preferre<i
85
95
127HJ
.Simpson Crawford Co 100
35
35
28
39
85
Deb s 1 63 '24 op '05.. J-J
75
96
98
100 330 360
Singer .Mfg Co
2
4
Milling
Co.lOO
Standard
70
80
3 Hi
4H.
Preferred
100
20
17
15
19
65
70
160 170
5s
Standard Oil of N J. .100 rr605 615
98
Standard Coupler com 100
37
30
225 275
Preferred
100 125
135
134
136
3»
50
30
33
Storage Power
h
Swift <fc Co .S'ee Boston Si k Exc h'ge
88
93
1910-1914.
...J-J
102
334
1st
5s
100
4
3H2
Hi
15
25 f 28
Tennessee Copper
30
16
70
90
98
72
IITexascfc PacihcCoal 100
A-(J
1st 6s 1908
4105
107 Hj
18
Title Guar <fc Tr (new)lOO 430
450
130
Title Ins Co of N Y..100
152
140 160
Trenton Potteries com 100
140
160
13H2 16
Preferred
290
new
100
80
86
Trow Directory new. .100 70
75
113
115
10 t
Union Coi>per
1
IH*
105
108
i4
'8
Union Switch cfc Signal 50 t 85
50
Preferred
105
112 115
Union Typewr com. .100 100 106
20
23
100 108 115
60
Ist preferred
64
lOo 108
2d preferred
115
2
3
100
2
9
13
1
U S Cotton Duck
Envelope com... 100
53
20
7
100
IJPrelerred
100 115
70
440 4110
U S l>iehl<fc Heat.... 10 t 5 Hi 6H2
50
IIUSRedcfe Rehning.lOO
60
100
90 loo
H Preferred
90 100
11 U S Shipbuilding ...100
1 00
llPreferred
85
97
60
Bonds— .See .Stock Exc h'li'a't
65
89
86
U S Silver Corp 6s
4 84
1 'e U S .Steel Corp new 58 .See Stk E X list
Coltr5sSerB<fe D1951 107
60
70
Univertnal Tobacco... loo
25
35
IHj
Hi
Prefeired
100
2
5
65
65
3I4
Gu 160 170
3 H/ West <» Bronx T &
148
IH2 Wesliugh Air Brake. .50 t
10 Hi 12
9Hi White Knob Mining. 100
Worthing Pump pref.lOO 115 120
10
IJOntario Silver
Otis Elevator com
t
.
'.2
t
1
US
'
M
U Sells on Stock Exchange, but not a very active aecurity.
mis
.
..
August
22, 1903.]
..
..
1
4
.
.
unjiLrr^iuijB
d^d
and IJailtoad lutjclligcuce.
RAILROAD GROSS EARNINGS.
iuutsttunxt
The following table shows the gross earnings of everv SxhUM railroad from which regular weekly or monthly returns
for the latest week or month, and the last two
can be obtained. ''The first two colnnms of ligures give the gross earnings
latest week or month.
;ind
including
such
July
from
1
to
period
the
for
earnings
columns the
page.
The retuvna of tlie street railwahs are brought togcthrr separntelij on a subsequent
Inly
Latest Gross Kamin<js
ROADS
Current
Ytar
tteeK
or
Mouth
1
to Latest
Latest Uruss l^arniuns
Date
UUAD3
Vurreiu.
Ytar
Yenr
Year
Cxirreiit
frevtottA
or 3/(>nth
Year
Year
N O
Alft
l3t wk
Aug
5i,0T-_'
Easl. July
Vkksb'j! July
Vukt<l)
Sli A-
I'.
200,304
81.700
..
yi.i-io
Jul/
Allt'gUeuy ViUlej nine
Jd wk
Auu Arlior
AUliToji^S Fe. June
Allttuta 6i ChM.. .\l:iy
Atl Kiioxv * No luly
Atlaiitk'
*
Kinu June
Inc.
Aug
&
0'->,;t4!)
20,200
....
luly.
BrUlirt it baco K.
Bull K01-U& ria.^
June
176,068
200.364
176,068
72,5341
84,700
72,534
94,410
^0,004
50,604
iiu 632,410
86,244
204,370
239,782
33.047
4,444,282 62,350,39( 59,135,085
220,820 2,915,530 2,701,175
(>2,9-19
.50,7 .">4
50,751
147,470
270,112
15.913
a79U,703 a682482 a9,670710 a7,63900S
8,29
13,417
0,802,080 5,170,625
15r),o!)0
140,337
May.
June
t'oiu'l
Belleiontc
39.5'il
4,-l37,000
2-13,040
Atl Const Line... J une
Ball A Aun S L.. -Uay.
any.
Knit A: Ohio
Aroosi
Baii^'or
BatlK<;iIimi'rtsp't
240,223
fiicilio.
No
Oi:
*
297,921
43,78:
d wk Aug
ASueq... Juue
4thwkJuly
North..
C'auadiau
Oamnluin I'acUit •_'d wk Aug
2,251
1,641
5.S71)
;>,lo3
4,943
3,091
144.982
03,591
49.700
161,3!)0
79.810
80,000
911.000
Bxillalo
1;),27j;
Jut.e
Caue Belt
Ceuf or Ueoriila _'d wk Aua 150,900
1,748.007
Out'iof N Jersey May
1
.11,888.001
Central Paeitlc. .Mav..
2,3!H>
Chaltaii SoiuU'u. IstwkAutt
l,52o,050
CUe.sai> it Ohio... June ....
747,957
CUic «c AltouRy. J i: ue
OUu (it Western. 2d wk Aug 100,407
_'
110,410
I wk Aus
Cliic lud iVL'v...
4.050,923
ChicMilw & St ir June
'4790729
W'li
June
Chic .St North
990,0o0
Chic St P ftl &0. June
33,300
Tr
KK
id wk Aug
Term
Chic
Cln N O & T Pac. Ist WKAUg 110,020
2,039,013
ClCiu Ch& 8t L. Juno
280.409
Peoria .KrKasfii Juno
Colorado A South 2d wk Aug 127,520
1 3,339
Coi Newl> & Lau. J une
39,204
Copper Rausje.... May.,
9.355
Juue
Cornwall
25,300
Cornwall &I^b.. June
179,954
Cuiuberl'il Vallej June
773,000
15,208
144,0
l,l!»0.124
1,712.012
2,574
1,194,023
727,714
1-15,107
99,479
3,873,717
4,000,368
904,330
3-.i,938
07,010
5,170,025
1,508,481
34,525
4,043
40,780
49,41
902,052
1,053,932
835,748
1,000,752
132,300
254,b00
5,722,000 4,790,()20
174,713
205,800
908,521
1,010,174
10.001,720 15,131,843
10, 179,14s 18,500,829
13,340
12,7
10,711,001 16,524,378
10,071,092 9,225,739
810.977
020,533
5^8,052
082,484
47.002,737 45,013,125
1.50039141 40,731,380
12,099,33b 11,777,104
204,009
203,456
579,115
750,914
20,390,701 18,717,071
2,947.237 2,5is,750
752,030
792.375
192,922
180,595
182,480
353,251
114,225
94,732
332,849
253,859
1,601,805 1,193,998
113.25
5.802,580
1,039,010
33,430
5,879
106,036
1,058.090
204,943
113,480
11,576
24.019
10,486
25,193
109,636
Deur. &RioGr. ( d wk Aug 369,000 377,800 2,189,100 2,189,100
Kio Or. Wc3t. i
502,192
63,884
82,520
953,707
Del <fc Mackinac. June ..
170,100
29,402
35,994
206,600
Detroit Southern. 2d wk Aug
61,181
385,255
OO.Ol i
380,986
I>alSo&h A AU.. 2a wk Aug
171,101
22,005
16,020
223,343
East A W. ol Ala. May
•Muy
Erie
4, 04,190 3,321,228 41,436,484 37,040,465
7,820
59,802
58,001
9,590
Evansv & Incliaii 2d wk Aug
37,355
211,960
40,231
220,060
Evanav &. T H... 2d wk Aug
37,520
2,744
3,159
39.938
E'rcUllil&N'r'e'n June
7,481
70,330
77,227
7,343
Faruiv& Powhat June
220,588 221,259 2,404,586 2,262,121
FtW&l>envCiCy June
164,858 137,919 2,303,299 1,986,758
June
Oeori^ia RR
115,385
132,783 115,385
132,783
Ga South A Fla.. Jaiy
33,018
340,835
-May
294,855
31,835
GUa ValG A, N.
wk
Aug
611,846
3,786,078
System
2d
715,113
4,593,293
Gr Trunk
79,986
443,810
551,437
Gr Tr. We.st'u IstwkAUii 105,120
17,344
113,010
28,031
126,514
DetGrHd-iM. 1st wk Aug
3.400,095 3,301,963 3,400,095 3,301,963
Great Northern.. July
157,882
185,929
185,929 1.57,882
Montana Cent'l July
Total system. July
3,580,024 3,459,845 3,586,024 3,439,845
34,760
165,010
38,927
188,980
Gult&ShipIsland Wk Aug 8
801,205
844,240
Hocking Valley 2d wk Aug 157,231 148,035
Hous Tex Cent April
413,593 309,265 4,557,087 4,452,234
Illinois Central.. Juiy
3,805,203 3,348,770 3,805,203 3,348,770
12,157
12,157
Illinois SoutUeri July
12,754
12,754
Ind 111 & Iowa.. Juue
128,828 127.941 1,716,717 1,680,182
zd
wk Aug
544.021
477,431
78,941
Int & Gt North'n
79,017
82,120
472,560
JLnteroc(Mex).., Wk Aug 1
108,900
475,300
2cl
wk
Central...
Aug
43.777
47.915
286,252
299,184
Iowa
6,266
82,623
Iron Railway... Juue ..
6.688
86,703
Kanawha & Mlcl 2d wk Aug
18,196
89,670
31,931
188,492
609,327
Kan City South'n 2d wk Aug 116,647 118,934
763,034
Lake E ri e& We.stn July
4 67,475
372,660
372,660
467,475
Lehigh Val RR.. May
2,714,709 1,790,464 24,607,394 23,694,728
Lexiiig <fe East'u. June
424,400
39,418
64,770
574,785
Long Island ..- June
Inc. 31 ,428
Inc. 557 ,385
Lou Heud&StL May
69,300
60,327
743,216
037,865
Louis V (S Nashv. 2d wk Aug 094,075 629,235 4,291,430 3,962,740
Macon & Birm... July
9,970
11,031
9,970
11,081
Man'tee& Gr. Hap June
121,550
11,344
8,564
1 40,480
Manis & No East June
23,572
326,403
28,156
350,762
;
I
!
I
•
(.fe
.
VARIOUS
KOADS
Oross Earnings
Allegheny Valley
Atlanta & Charl Air Line.
Bellefonte Central
Jan. 1 to June 30
Apr. 1 to May 31
Jan. 1 to July 31
Jan. 1 to July 31
Canadian N ortliern
Chicago & Noith Western. June 1 to June 30
Chic fet P Minn <fe Omaha.. Jan. 1 to June 30
Ciunberland Valley
Jan. 1 to June 30
International &Gt North'n Jan. i to Aug. 14
Lake Erie & We.stern
Jan. 1 to July 31
Manistee & North Eastern Jan. 1 to June 30
Inc.
1,435,125
4,796,729
5,597,017
884,804
3,053,868
2,915,219
189,574
38,800
102,619
24,253,399
1
July.
9.120
15,330
20,S10
4 20.02 i
397.0!*>i
t
Penn.. June
Mexican Cent' 1.1 2d Wl
23.7.S6
:
Mexican
Manistlque
Mary I'd &
Aui
i'a>
Latest Date
t^ev(uiti>
Year
2,9
1
9,120
15,336
i",i)'2S
•2,200,053
485,583 7,152,094 0,141,400
452,00n
4 I4,200
92,000
Wk Aug 1
{.Mexican Ry
7.'S.500
20,44'.
84,080
23,5.50
;.Mexican8oulh'ii IMiwkjuly
38,829
40,700
3,210
3.212
MilUMi .feSo'w'ii.. lune
04.0'24
72,620
8,468
12.400
Mineral Range.. 2d wk Aug
450.246
302,088
07,770
00.510
.Miiiiieap iV St \j. 2d wk Aug
754,708
822,021
M St P & S St M. 2d wk Aug 132.421 110,707
1,872,924
Mo Kan <te Te.xa* 2(1 wk Aug 300,580 307,155 1,003,970 4,2S9,000
4,771,000
Mo Pac & Iron Ml 2d w« AUK 700,000 074,000
1^7,000
100,000
24.000
37,000
Central Branch 2d wk Aug
2d wk Auk 797,000 698,000 4,901,000 4,420,000
Total
19,012
35,59
3,7o3
8,080
.Mol) Jack it K C. Wk Aug. 1
555,202
616,352
610.352 555,202
.Mobile <te Ohio... July.
184,800 107,417 1,180,305 1,003,089
Na.sh Ch & st I... >d wk Aug
000,257
210,708 140,0'j3 1,342,87S
tNal'l RRol' Mex 2d wk Aug
14,853
17,542
14,853
17,542
Nev-Cal-Oregon July.
38,480
40,076
3,553
3,007
.VevadaCeniral.. June
0,840,104 6,036,838 6,849,404 6,030,838
Hud Riv luly.
N
642,705 262.045 0,170, 51S 5,450,006
N Y Out& West. June
283,147 163,010 2,377,980 2,474,208
.V Y Siisq & West May
Norfolk ifeWest'ii 2d wk Aug 432,078 379,92j< 2.731,990 2,248,164
872,702 611,602 9.404,34w 8,40M,848
N'orihern Central lune ...
4,119.423 3,850,370 4,119,423 3,850,370
North'n Pacltic. July....
491.453
587,172
76.40'.
03.9HO
Nor Shore iCal).. June ...
180,218
197,074
14,507
18.208
Ohio R1V& West.. lune ...
467.801 305,033 5,028,154 4,551,914
Pacilic Coast Co M*y....
10827850 9,500,050 119398494 100298194
cPenn— EastPitE June ...
Inc. 5,8 00,000
Inc. 8 3,000
June ...
cWestP& K
fere Marquette i'' 2d wk Ang 231,552 214,103 1,383,359 1,275.001
1,176,217 1,011,017 13,109,449 1 1.925,749
PhilaBalt&W'sh June
679,896 509,001 7,012,778 0,823,394
Phlla <fe Erie.... Juno
34, '245
2,18s
35,708
1,524
lune
Pine Blf Ark R
2,139,56: 1,834,111 23,001,180 31,772,072
Pittsb C C <te St I June
5,039
5,039
Raleieh & C Fear July.
3,295,110 2,251,710 29,104,391 27,310,496
U(!ading Railway May.
2,952,838 1,100,813 20,098,000 20,327,707
May
CoalA IrCo
153,000 139,900 1,192.248 1,042,010
Rich Fr'ksb &; P May
537,982
533,719
47,282
51,545
Rio Grande Jet.. May
77,781
71,156
11,154
12,239
Rio Grande So... 2d wk Aug
y41473542
y3196735
Rock Isl'dSyst'm May...
150,173 "l38,739
48,932
47,439
3d wk July
Rutland
102,807 110,817 1,388,102 1,349,790
June
St Jo.s AGrl
(/2822405 Sr2354oei 2,822,405 (/2,354,001
St L <fe San Fran o July
761,914
807,833
2d wk Aug 133,839 119,442
St L Southwest
1 85,793
199,117
199,117
185,793
StL Van&TH.. July
230,905 247,620 2,141,'270 2,172,830
San Ant & A P... April
123,7'27
141,391
141,391
123,727
P.. July
San Fran
Seaboard Air L.. let wkAug 239,000 221,003 1,219,579 1,183,193
65,309
97,030
65,309
97,030
July
Southern Ind
.b 6,975,280 0,390,045 80,007,782 76,085,556
?)0 Pacilic Co 6... May
18,560,829
1,888,001 1,712,012 19,179,14f<
Central Pacific. May
001.090 550,949 6,259,733 0,021,003
GalHar & S A. .May
381,734
110,428
23,380 1,081,210
Gal Houa <te No May
142,962
151,110
12,403
18,004
GulfWT&P.. May
777,807
750,377
70,515
56,200
Hous E & W T. April
102,282
108,477
19,551
15,197
Houe& Shrev.. April
413,593 369,265 4,557,087 4,452,234
Hous&TexCen April
152,242 186,126 1,727,810 1,781,789
Louis'a West... May
379,301 425,335 4,398,613 5,132,327
Morgan's L & T May
343,839
428,842
35,607
33,777
N Y T & Mex May
353,033 317,670 3,620,535 3,189,862
Oregon & Calll. May
832,604
808,070
78,533
93,832
So Pac Coast.... May
2,591,025 2,331,389 28,018,579 26,555,834
So Pac RRCo.. viay
250,928 262,018 2,861,528 2,720,548
May
Tex&NOrl
Southern Rallw'y 2d wk Aug 844,200 784,640 5,135,708 4,831,989
141,202
170,099
170,099 141,212
TerreH & Ind ... July
45,601
48,207
48,207
45,601
Terre H & Peor.. July
32,773
42,000
7,200
8,457
Texas Central ... IsCwkAug
Texas & Pacific. 2d wk Aug 181,490 167.400 1,137,072 1,042,123
8,000
9,000
9,000
8,000
TexS
W .. July
371,723
480,723
52,150
86,941
Tol & Ohio Cent 2d wk Au
135,521
TolP& West .... 2d wk Aug 25,273 21,930 100,418
358,744
372,609
63,689
TolStLA
63,948
2d wk Aug
41,418
58,975
7,714
10,621
Tor Ham <fe Bull 1st wkAug
Un Pac proper. . Ist wkAug 703,122 058,678 3,306,274 3,010,749
Un Pac System .. June .. . 4,501,172 3,800,440 51,075,188 47,500,279
Wabash
2d wk Aug 475,917 428,480 2,935.382 2,569,742
W Jersey & Sea'e June
^
380,924 350,024 4,040,958 3,763,758
470,179
587,181
Wheel <& LE
83,616
78,627
2d wk Aug
119,400
100,235
NVm'sport&N.Br. May
13,013
10,984
767.098
8h1,533
Wisconsin Cent.. 2d wk Aug 133,000 118,002
143.018
174,599
vV'right8v& T'n.. Juue
10.021
9,599
441,060
470,494
Yazoo & Miss. V. July
470,494 441,000
1-iteni. .lune
554,431
97,700
..
Y0&
.
.
.
.
.
&N
.
V&N
W
FISCAL, YEAKS.
KOADS
Current Year Previous Year
Gross Earnings
CuT-rent Year Previous Year
$510,505
43.005
CrtrreiU
*
i
AUi Ut SouUierii
Ala N () A lexas-
to
Weeic
$306,823 tMexican Railway
450,489 '.Mexican Southern
33,396 ;National RR of Mexico...
824,611 Northern Central
4,000,368 North Shore
5,405,200 cPenn.sy., East of P & E...
e West of P & E
557,874
2,748,704 Pei'e Marquette
w
2,611,426 Phila Baltimore &Wash..
172,236 Philadelphia & Erie
66,591 Pitts Cin Chic & St Louis..
90,049 Rio Grande J unction
21,027,012 St L Vandalia & Tcrre H
607,259 Terre Haute & Indianap .
21,634.871 Terre Haute & Peoria
12,500,324 Texas & Pacilic
3,110,714 West Jersey & Sea.sliore.
Jan.
Apr.
Jan.
Jan.
Mar.
Jan.
Jan.
Jan.
Nov.
Jan.
Jan.
Dec.
1 to Aug.
1 to July
1 to Aug.
1 to Juue
1 to June
1 to .June
1 to June
1 to Aug.
1 to June
1 to June
1 to Juue
1 to May
1 to July
1 to July
1 to July
1 to Aug.
1 to June
1
.$3,193,500
31
14
337.004
7.090.258
5,040.194
243,003
00,155,270
30
30
30
30
i
4
30
30
30
31
Inc.
6.760, 0a8
8,734,373
3,608,005
11,880,845
200,085
1,787,070
1,433,223
449,803
6,723,193
1,724,852
$2,918 ,700
334 ,500
5,250 ,190
4,002, .594
1 03, ,305
53,410, .876
3,214, 800
0,204, 060
7.705, 773
3,018, 421
10,839, 374
202, 8'22
30
1,004, 904
31
14
Nov,
1,272, 584
31
14
782.705
Nov.
399, 616
31
14 25,036,164
Nov.
6,200, 490
1
14 15,488,233
Jan.
Mexican International
1,577, 752
30
Jan. 1 to June 30
3,720..548
Jan.
Results on Monterey (te Mexican Gall are included from March 1, 1002. tMexican currency.
in 1903
lines
trans-Missouri
Includes
H
beginning March 1, noaking length or road on which earniags are rep )rted 7,357 in 1903. against 5.876 miles in 1902. 6 Does not include the
Houst A Tex. Cent, and its subsid. lines for May either this year or last, but these lines are Included for 10 months to April 30 in both years.
€ Covers lines directly operated,
also Florida
a Includes the Chicago & Eastern Illinois in both years.
j including Sav. Flor. <fe West, and
Southern ai:dSanford<fe St. Petersburg Rys. in both years.
«; Ind Other income not included in the gross either for montli or from July 1.
cludes Lake Erie & Det. Riv. Ry. from Jan. 1 both years.
* A --proximate for June.
Mani.<tique
Jan, 1 to July
Pennsylvania Mar. 1 to June
Missouri Pacific.
Jan. 1 to Aug.
Central Branch
Jan. 1 to Auk.
Total
Jan. 1 to Aug.
^Mexican Central t
Jan. 1 to Aug.
Marjland
&
.
'
31
.
.
—
.. .
——
,
THE CHKONICLE.
391.
Latest Htqss Earningrs by Weeks.—In the table which
follows we 8itm up separately the eamin^cs for the second
week of Atigast. The table covers 43 roads and shows 11-09
per cent Increase in the aggregate over the same week last
year.
2d
A Uffust.
te«*k of
Ann
190S.
9
39 521
Arbor................
Buffftlo Rooh.
Plttsb'g.
OanMllai) Paoltlo...
Oentr&l of Oeortria
&
OhloAKo Grw»t
164,396
911.000
150.900
J 60.467
110.410
33.806
127.620
S69,«00
8^,994
60.011
WMWm
Clhlo. iDrtlan'U* dt LoolsT
CJhlo. Term. Transfer
Oolorado
&
Southern
Denver A Rio Grande
D«trolt
*
Sonthem
..
Dnlnlh 8o Shore * At..
Evanevllle & Indlanap..
Evans. A Ten-p FTaiuA. ..
. .
Hocking VaUey
Intomatlonal
&
Gt.No..
Kanawba A MlobUan...
Kansas City Southern
LooUvirie
A
...
Nashville
MeTlfifin (Vntral.
.....
9
•
86''
8,200
6,632
1,170
611,846
103,267
167.285
79,617
48,777
31.931
116.647
148.635
78,941
47.9 1 ^
18.196
118,934
689,2 i&
397,998
8.468
67.7 70
116,767
307,15S
674.000
24,000
167,447
146,023
379.92h
214,103
12,239
119,442
784,640
167,406
52,180
21.930
63.68
428,480
8,646
676
4,138
'13,736
B
• >
• •
2.287
64,810
28 03(>
3,938
1.254
16,654
• - -
• ••.
6,575
•
86,000
\ct Earnings.
Current
Previous
Year.
Year.
if
2,251
33,436
5,879
43,005
1,641
34.525
4.943
33,396
694
def.399
13,512
3,153
17,121
12,983
1,805
12,624
2,606,851
2,434,772
4,373,547
9,407,543
A Maine. b.—
Apr. 1 to Jiuie 30.... 8,739,726 8,04S.0l4
Jan. 1 to June 30
16,644.724 15,160,301
July 1 to June 30.. ..33,738,984 31,840,694
4.t80,t>41
9,505,612
Boston Rev.B & LynntoApr. 1 to June 30
139,808
122,8''l
10.192
10,932
Jan. 1 to June 30....
231,533
205,976
10.801
11,511
July 1 to Jime 30
832,022
474,607
67.295
64,680
Bridgt. A Sskoo K.b.June
5,133
3,091
1,912
1.768
July 1 to June so
49,417
40.780
16090
11,814
Bufl. R. & Plttbs.b.June
707,720
612,482
330,920
310,114
July 1 to June 3o.... 7,452,733 6,313,244 3,220.329 2,681,241
Saflalo A S'sqneb.a June
79,816
63,591
t27,658
t24,259
July 1 to June 30
1,000,752
835,748
t432,459
4357,269
Canadian Northern.June
264,375
134,^96
87.900
39,800
Jan. 1 to June So
1,180,400
692,307
372,785
242,788
Ca aitian Paoltlo. a. June 4,152,610 3,179,971 1,246,055
846.787
July 1 to June 3o... 43,967,373 37,^)03,053 15,836,848 14,035,912
Cane Belt.
June
15,272
15,208 def.3,984 def. 2,597
July 1 to June So....
205,800
174,713
16,789
61,981
Central
13 OOO
17,419
us
Year.
1' re fid
_.
Baltimore A Annapella
Short Line a
May
13,417
8,297
4,143
1,530
July 1 to May 31 ...
113,252
97,016
37,739
28,684
Bait. & Ohlo.b
July 5,862,680 8,176,625 2,822,379 2,010,765
Bangor AAroost'kbMay
165,390
146,837
53,170
39,976
July 1 to May 31
1,639,010 1,568,481
610,485
560,004
Boaton
14,040
Earnings.
Eoads.
July 1 to June 30
BellefonteCentr'l bjoly
Jan.. 1 to July ai....
6,87ft
61.181
Gro.is
Current
Year
BatbA Hamm'ds.bJuno
15,360
10.931
715,113
66.516
132,421
300,580
760,000
37.000
184.868
216,768
432,678
231,552
11.154
133.839
844,200
181.490
Deerecue.
6,474
19,414
13S,0Oo
1,776
2,876
12,«0H
Mineral Rani;e
Minneapolis <& St. Lonla.
Minn. St. P. & 8. Ste. M.
Mo. KaTisas & Texas
Mo. Paoino & Iron Mt....
rtantral Rranoh.. .......
Haabv. Chat. & St. ix>alB.
National RR of Mexico.
Norfolk & We«t«m
Pftrft Marouettet ........
Blo Grande Sontbem. ..
St. LoulB Sonihweatem.
S
83,047
144.982
773,000
144.025
145.107
99.479
32,93S
113.480
877.800
29,462
7.820
37,855
694,075
426,028
..
Increase.
40.231
9..^96
Or'nd Trnnn of Canada f
Onuid Trunk West >
D«t. Or. Hav. 4 BiUw. )
1902.
[Vol. LXXVII.
New Eug —
Apr. 1 to June 30....
Jan. 1 to June 30....
213,983
141,148
56,817
30,628
358.759
269,658
se.soo
67.534
70,74
July 1 to June 30....
655,535
5S3.835
133,286
147,686
82,750
Cent, of Georgia a June
660,156
558.864
62,376
108.466
17,449
July 1 to June 30 ... 9,164,470 7,750,691 2,071.921 1,950,181
1,085
Cent, of N. Jersey. a.May 1,748,007 1,196,124
636,830
320.641
14.397
July 1 to May 3l.... 16,001.720 15,131,843 5,401,428 5,702,874
69.560
Boutbem RaUway
...
Central Pacific b.. May 1,889,001 1,712,012
14.084
Texas dt Paoino
886,656
682,468
86.941
34.791
July 1 to May 31. ...19,179, 148 18,560,829 7,694,486 6,967.329
Toledo & Ohio Central..
25,273
A
West'
Peon»
n..
3,343
•••«>• Obait'n'ga Sonth.aJune
Toledo
10,397
9,566
336
1,624
63.94^
26»
ToL St. L.& Weat
July 1 to June 30....
122,668
198.185
10,021 def.20,48S
475.917
47.437
Wabaab
Ch^sap. & Ohto.a..Jane 1,525,050 1,194,023
520,118
413.599
83,61t
78.627
4,9<^9
Wheeling A Lake Brie...
July Ito Jime 3<J.. ..16,711, 601 16,5iJ4,878 5,658.879 6,126,886
138,000
118,062
14 938
Wlfloonaln Central
747,957
727,714
Ohloago & Alton. a June
163,025
136,644
912,59d
10,071,092 9,226,739 3,100,897 2,866.820
8,891.586 8,003.702
July 1 to June 30
24,709
Total 143 roadfl)
707,815
532.6
328,553
)hlo. Gt.Wesfn.b.June
887.884
Het Increase (11 09 p.c).
219,214
July Ito June3o.... 7,823,190 7,549,687 2,388,561 2,264,997
* Includes Rio Grande Weatem,
t Includes Lake Erie & Detroit
439.624
420.629
Chij.lnd.&Louls.a.May
169,466
163.958
River Ry. for both years.
July 1 to May Si... 4,629,724 4,190,007 1,793,796 1,596,018
Ohio. M. A Bt. P. a. June 4,050,923 3,873,717 1,0.'S6,897 1,157,848
47,662,737 45,613,125 16,064,563 16,416,230
July 1 to June 3o
For the first week of August our final statement covers
146,081
142,818
63,565
Ohlo.Ter.Transf.b.Apr.
64,377
11'93
per cent Increase in the aggregate
61 roads, and shows
598,943
1,453,878 1,344,912
616,006
July 1 to Apr. 3o
over the same week last year.
510,602
693,150
127,593
118.058
Oln. N. O. A T. P.a.June
6,155,454 5,660,404 1,506,016 1,420.810
July 1 to June 3u
1903.
1902
Inere€ue.
Decrease.
1<( week of Angust
549,967
01.01n.Chlc.&St.L.aJune 2,039,018 1,658.090
533,524
20,390,761 18,717,071 4,721,831 4,972,151
Jnly 1 to June 3o
S
9
9
204,943
280,403
54,297
Peorla&Eas'D.a June
43,028
854,399
Previously rep'd (40r'd8) 7,762.353 6,936,049
28,094
641,367
654,113
Jnly 1 to June 3o..., 2,947,237 2,618,760
04.072
43.782
Alabama Gt. Southern..
10,290
""*178
2.396
2.574
534,404 dl79,056 dl76,716
556,777
Chattanooga »onthem...
Oolor'do &8outh.b. June
116,026
106,03 B
9,990
Oln. N. O. & Texaa Pao.
July 1 to June 8o.... 6,142,989 5,580,327 dl,468.508 d L,586;083
Grand Trunk
11,576 def.3,184 def.1.075
18,339
Oolnm.Newb.A L.b.June
685,672
584,810
100,762
Grand Trunk West
180,595
51.651
192,922
56,883
July 1 to June 30...,
I>et.Gd Hav.A MUw
24,019
17,639
39,204
May
10,285
Range
Copper
83.927
34,766
4,161
Gulf <fe Ship r-land
182,486
162,610
353,251
64,768
July 1 to May Si
123,731
103,131
20,600
Kansaa City Southern...
10.486
2.972
239,606
221.063
June
9,355
5,068
Seaboard Air Line
18,543
Corn wall. a
114,225 def.32,601
10,621
7,714
94.782
51,924
2,907
Toronto Ham. Buffalo.
Jnly 1 to June 30....
708,122
658.678
44,444
Union raoillo proper
13,012
25,306
25,193
10,791
Cornwall A Leban.. June
113,838
332,849
253,859
155,786
July I to June 3u....
Total 51 roada)
9.736,426 8,698,602 1,066,096
23.272
49,4-30
109,636
179,954
46,019
Uumoerland Val.b.Jnne
1,037,824
Net Inoreane 11-93 p C.)
884,8i)4
557,874
143,525
198,810
Jan. Ito June 30....
Delaware & H'dson Co.—
Albany & Hufciueh.b—
Net Earnlnga Honthly to Latest Uates.— The following
492.913
877,695
Apr. 1 to June dO.... 1.218,680 1,009,910
941,242
2,426,936 2,125,853 1,075,967
Jan. 1 to June 30
shows the gross and net earnings to latest dates of all Steam
July 1 to June 30.... 4,608,820 4,664,18 7 2,201,898 2,366,537
railroads fumishiog monthly statements. The compilatioa
N. Y. & Canada. b.—
141,529
302.626
122,150
867,908
Apr. 1 to Juno 10....
includes every road from which we can get returns of this
270,040
211,184
540,816
65 3,447
Jan. 1 to June 3ij
character, and in that form is given once a month. Early
597,405
521,630
1,357,433 1,171,758
July 1 to Juno 30
Renna.A Sar.&Adlr. b
returns are published from week to week, a? soon as ieaaed,
3 90,258
155,081
732,128
820,888
Apr. 1 to June io
but for the convenience of our readers all the roads making
388,000
291,878
1,519,246 1,338.401
Jan. 1 to June 30
997,437
955,053
3,299,117 2,913,356
July Ito June 30
returns are brought together here in the week in which we
471,614
625,776
UDei.&RloG'de.b.May 1,416,881 1,389,612
publish our montbly article on net earnings— say about the
July 1 to Mar 3i... .15,902,014 15,577,646 6,161,325 6,029,264
19.0i9
81,793
63,884
82,520
20th of the month. Besides the companies furniahing month- Detroit* Maoko.aJune
285.201
267.965
86^,192
963,707
Jnly 1 to June 30....
ly returns we have added this time the roads which make
113,003
106,453
258,425
273.093
Dnl. Bo.Sh.&Atl.b.June
quartirly returns.
July 1 to June 30.... 2,772,134 2,690,669 1,014,045 1,001,761
def.312
8,804
16,026
22,006
Gross Earnings.
Eaat&WestofAlaaMay
Net Earnings.
81,232
6,467
171,161
223,343
Current
Current
Previous
Previous
July Ito May 31....
Year.
Year
Year.
Year.
May 4,264,190 3,321.228 1,717,8«8 1.091.106
Erie.a
Eoadt.
$
$
$
$
July'l to May 3l....41,436,484 37,646,465 13,295,602 11.267,076
51,118
68,411
249.459
124,083
Aia!>amaOt.8'tb.a.June
195.365
57,707 Evansv.
151,709
51,280
insv.AT.DauteMay
A T. n ante May
675,720
815,200
2,749,818 2,487,454
685,016
713,244
1.597.237 1,362.001
July 1 to June 30
31.... 1.597,237
Ito
to May 3i.
July 1
1,205
1,282
3,169
2,744
Kast June
Inc. 86,244
rohlld&N.
A N. East
Falroblld
Inc. 27,063
Allegheny Valley... June
12,366
18,467
37,526
39,938
30
iDC. 366,823
Inc. 44,059
July 1 to June 30....
Jan. 1 to June 30
634
1,018
7,481
7,343
mv.&Powh'l'naJune
174,967
146,124 def.16,549
June
28,603 Farmv.&Powh'l'naJune
Ann Arbor. b
def.682
7,208
76,336
77.227
77,227
.Tnlv
Juneao..-.
30
July 1 to June
2,037,215 1,S92,907
593,466
520,353
July 1 to June 3^
40,447
61,696
221,259
220,588
Atch.T 4 8. Fe.b.-June 4,487,606 4,444,282 tl. 189.722 tl, 931, 117 Bt. W.& Den. Cliy.bJuiio 2,494,586
601,104
503,042
2,262,121
Jnly 1 to June 30
July 1 to June 30 .. 62,3.'0,396 69,lJ5,0rf5 U3,913,286 t25,i25.816
A Wyoming. b.—
220,820
24^,040
50,264
48,098 Genesee
Atrta & Char. A. L.aMay
30,231
29,229
39,948
40,029
Apr. 1 to June 3
2,915,530 2,704,176
969,130
834,421
July 1 to May i»l
41,229
40,585
58,393
60,535
Jan. 1 to June 30
47,264
63,238
19,714
11.627 Georgia a
q35,367
Atl. Knox. & No. a. June
q<.e40
137,919
164,858
June
621,166
707,409
217.957
229,053
July 1 to June 30. ..
2,308,299 1,986,758 q683,076 qb46,229
July 1 to June 30
20,670
1.^.913
B26,2eR
24,276
105,469
10.803
140,468
5,058 Ga. South. A Fla.a.June
Atlantic A Blrm'eb June
294.970
400,789
115,976
65,405
1,636,191 1,2:0,876
July 1 to June 3u.... «270,112 •147,470
July Ito June 3t>
14,578
16.019
33,018
31,835
Atlantic Coast L. a June ul 799.703 111642.492 n798,391 a615,l49 GUaVal.Globe&N.aMay
176,978
174,310
340,835
294,855
nl9,676.746 nl7.C39 668 a7,08.),149 ii 5,985,009
Jnly 1 to Jane 30..
July 1 to May 8i....
.
:')
<4
—
<fe
<
/
—
—
.
—
»
.
b
August
THE OHkONlCLE.
22. 1903.]
,
—Corrttit
dross
Karnitij/s.
Year.
Road:
Qr. Trunk of Can... May
$
—
.
.
Pri-iions
Yinr.
•?
78,837
1,086,568
97,330
1,047,666
16,516
29,265
11,977
22,788
1M.683
Gulf A Sblp l8l...a June
July 1 to J line 30... 1.707,143
663,730
HooklnK VaneT.a..June
July 1 to Jime 3U ... 6.049,697
413,593
Honet.ATex.'eii.bApr.
July 1 to Apr. 3U ... 4,557,687
minole Central... a. Jiine 4,087,560
114,578
1,374,684
Det.«r. H.
July Ito
A Mtl.May
May 3l.-..
\el t'ariiuij/s.Corrriit
Xi-itr.
795.186
788.373
7,331,172 7.201,690
109,983
102,197
642,373
678,394
1.460
14,600
262,907
297,392
Greenwich A Johnsonv.—
Apr.
Jan.
I
1
to Jiu.'»30 ...
.
to June 30
—
6.850
4.523
11,458
7,888
54,059
33,933
633.199
434,170
279,919
240,282
2,211,172 3,087,192
49,177
44,954
1,385,278 1.609,806
1,090,216
76,^,763
13.488,121 12,806,690
48.961
33,919
482,134
475,400
534,403
5,316,523
369,265
4,452,231
3,300,318
July 1 to June 3o.. ..45.186,076 40,821,030
128,828
127,941
IbkLIU. ATowH.a June
July 1 to June 30.... 1,716,717 1,680,182
kInterDorouuh K a p 1 d
Transit Oo. b [operating Manhattan Elevated.]
Apr. ItoJuneiO.. 3,271, 8? 2.857.260
July 1 to June 30. ...12,208,385 10.665,910
207,333
175,671
Iowa central a... June
2,405,543 2,543,350
July 1 to June 3u
6,266
6,688
Iron Railway, b.... June
86,703
82,623
July 1 to June ao....
KanawhaAMicb.a June
147,440
74,576
July 1 to June dO ... 1,281,322 1,096,359
395,969
464,626
)Kan.01ty South a. June
July 1 to June 30.... 6,224,477 5,732,918
Champlain A Morlah—
21,851
Apr. I to June 3v'
18,785
Jan. 1 to June 30....
43,799
33,421
Lake Erie A WeNtf^rn b—
Apr. Ito June 30... 1,317,756 1,141,341
Jan. Ito June 30.... 2,447,744 2,238,766
1,969.698 1,466,144
6,7*7,542 5,147,826
rl0,702
r26.672
r43S,553 r437,549
2,423
4,764
29,803
31,495
28,994 def.9,168
13i{,0l9
210,001
1,916
115,780
1,553,944 1,828,958
L.
Lehlfirb
def.9,310
def.8,271
335,848
672,250
3,052
7,149
336,106
675,165
A Hndaon b.—
Apr. 1 to June -10....
Jan. 1 to June 30....
July 1 to June 30....
134,269
107,018
233,201
184,601
434,777
878,315
64,770
39.418
574,785
424,400
Inc. 31,428
Inc. 557,385
.
Gross
—Current
I'eiir.
if
2,348,086 2,053.663
July 1 to May 31....24,717.3j2 21,979,S7l
423,386
486,163
Or. Trunk West... May
July 1 to May Si.... 4,654,^24 4,081.0e2
395
64,927
51,723
104,780
85,711
181,303
166,642
10,592
14,266
224,868
165,770
Dec. 45,788
Deo. 119,032
lioads.
I'kxriiiiif/s.
—
Year.
I'rerious
Year.
$
if
,.
Xel Kanihu/s.
Current
I'reeioiis
Year.
Year,
<
$
$
NorfolkA West'n.a June 1,968,553 1.874,737
856.233
560,824
July 1 to June 3o.... 21, 160,675 17,552,205 8,468,245 7,416,977
Northern Central. bjune
872,702
611,602
189,516
116,315
5,040,191 4,09,i,594 1,093,384 1,126,884
Jan. 1 to June ao
North Shore (Cal.)b June
76.462
63,980
41,730
33,484
Mar. 1 to June 30....
243,003
193,365
112,484
82,966
Ohio River A w*.8t. June
18,298
11,507
6,768
1,814
July 1 to June 30....
197,674
180,218
67,151
32,860
PAOltloOoaat Company -See Miscellaneous Companies.
PennsylvaniaLines directly operated
3.606.899 3,382,099
J East of Pitts. AE June 10,827.859 9,596.059
J Jan. 1 to June 0... .60,156,276 53,419,876 17,323,557 17,641,457
Inc,
Weetof Pitts. A E.June
888,900
Inc. 77,'200
Inc. 3,214,800
Jan. Ito June 30
Deo. 227,>-03
||839,96l
I|3l8,5.'i2
Pere Marquette. a,. June 11941.377
||226,411
Jan. 1 to June 30... ||5,382,679 114,929,599 111,443,213 ||1, 131,852
Philadelphia Co.— Bee statement on page 398.
Phila. A Erle.b
June
679.896
509,601
211,323
158,451
Jan. 1 to June 3o.... 3,608,005 8,018,421 1,0,21,685 1,016,916
Phil. Balt.AWa»h hjune 1,176,217 ^,041,017
307,135
309,235
Nov. 1 to June 30.... 8,734,373 7,795,778 2,332,559 2,367,869
PlneBlufl Ark. R...Tune
2,188
1,624
5deM34
193
July 1 to June 30...,
86,708
34,245
13.616
14,541
PlttB. O.C.ABt.L.aJune 2,139,562 1,834,111
663.072
491,808
Jan. 1 to June 30.... 11,B80,846 10,839,874 2,80Z.270 2,842,352
—
Raleigh A JapeFear.a. July
6,039
1,915
Reading CompanvPhlla.ARead'g.b.May
3,295,110 2,251,710 1,448,191
718,11»
31. ...29,104,891 27.316,496 10,394,438 10,294,501
Goal A IronCo.b.May 2,952.838 1,166,813
466,757 df 168,959
July 1 to May 8i.... 20,098,908 26,327,767 2,457,826 1,773,695
Total both Co.'s.bMay 6,247,948 8,4»8,ft23 1,914,948
549,16a
July 1 to May 31. ...49,203,797 53,644,263 12,852,264 12,068,196
July
1 to
May
May
119,746
65,456
July 1 to May
1,264,242
955,069
Total all Comp's.bMay
2,031,694
614,616
July 1 to May 3l
14,116,506 13,023,265
Rich. Fred. A Pot.. May
153,600
139.960
54,684
63.322
July 1 to May 31..., 1,192,248 1,042,040
361,705
398,07»
Blo Grande Jnnot.. May
51,545
47,282
f 16,464
f 14, 185
Dec. Ito May 31
269,085
262,822
fW.ltQ
f78,84T
RloGrandeBonth.tJune
46,715
51,436
23,900
26,621
663,554
July 1 to June 30....
575,675
278,157
262,540
Rook Island Sys.a.. May 3,198,735
^. ni533.s74
July Ito May 31. ...41,473,542
nil4,482,391
102,867
110.817
St. Jos.AGd. Isl.b.June
13,676
33,489
July 1 to June 3o.... 1,388,162 1,349,790
451,761
497,405
Reading Co.b
a
LexlnK'n AEast.h.June
July 1 to Juneau....
Long Island b
June
JiUy 1 to JuneSO....
Louisiana A Arban.a—
Apr. 1 to June 30....
156.468
123,259
51,884
44,887
532,534
July Ito June 30 ...
478,532
160,828
132.957
Loo. Hen. ABt. L.bMay
69,306
60,327
18,327
17,079
July Ito May 8i....
743,216
687,865
218,865
165,260 St. L. A Ban Fr. (Inolud.
Ohio. A E. Ill) b. May
lioalsv. A Naehv.b.June 3,058,988 2,662,200
913.741
2,595,818 2,243,527
844,977
807,244
636,249
July 1 to May 3i.. ..29,392,290 25,661,150 10,945,903 10,207,470
July 1 to June 3o... 35,449,378 89.712,257 11,478,566 9,809,819
526,929
513,075
Macon A BlmlngbJune
10,136
10,466 def.4.996
140,743
264 Bt.LoulsS'west.b. June
120,633
July Ito June 30.... 7,278,574 7,267,260 2,022.411 2,094,193
148,810
126,003 deM 6,041
July 1 to June 30 ..
708
lianlstee A Or. Rap June
11,344
8,564
def.403
735 St. Louis Van. A T. H.a—
Apr. 1 to June 30 ...
July 1 to June 30....
140,486
121,550 def.9,162
618,660
660,982
16,039
134,671
175,629
July Ito June 30.... 2,392,847 2,155,874
676,023
757,758
Manistee A No. E.a. June
28,156
28,572
10,851 def.2,555
280,965
Jul 1 to June 30....
189,574
172,236
247,620
86,006
83,664 SanAnt.AAran.P.aApr.
29,007
53.962
July 1 to Apr. 3o.... 2,141,276 2,172,830
446,940
575,474
Manlstlqne.b
July
9,120
15,336
1,051
10,346
141,391
Jan. 1 to July 3l
66,591
1,789
123,727
38.800
36,799 Ban Fr. A N. Pac.a.July
56,879
60,723
Maryland & Penn.. June
23,786
20,819
5,069
947,010
4,478 Seaboard Air Line a June 1,067,269
298,744
237,609
Mar. Ito June bO....
102,619
July 1 to June 3o.... 12,708,527 11,579,815 3,387,719 3,435,598
90,049
29,915
24,065
77,686
434,463
459,988 Southern Indiana bJune
67,561
c Mexican rent e.. June 2,079,144 1,697,789
36,406
35,330
Jan, 1 to June 30
493,969
319.849
Jan. 1 to June 30....12,5i6,305 10,245,669 3,215,197 3,182,782
251,771
135,874
July 1 to June 30 ...
942,572
680,195
482,027
277,853
554.431
cMex. lDtemat'i...June
485,583
187,086
165,965
Jan. Ito June 30.... 3,720,548 3,110,714 1,459,535 1,199,204 I Southern Pao. a... ]tfay 6,9'5,280 6,390.045 2.327,554 1,825,668
July Ito May 31. ...80.067,782 76,6»5,556 23,479,850 25,170,191
MUlenASoutbw a .June
3,212
907
1,412
3,210
Central Pacitio.b.May 1,888,001 1,712,012
July 1 to June 30....
46.799
38,829
13,093
7,961
886,656
682,468
July 1 to May 31 - 19,179,148 18,560,829 7,694,486 6,967,329
Mineral Range. b... June
50,834
7,367
44,378
13,706
Gal.Har.AS'n A.bMay
July 1 to June 30....
601,699
550,949 def.22,210
560,458
592,648
105,021
102,669
26,874
July 1 to May 31.... 6,259,733 6,621,003
68a,62l 1,846,903
Mlnn.A Bt.Lonla.a.June
256,608
840,295
v93,877 V134.944
Gal.Hons.&No.b.May
116,428
July 1 to June 30.... 3,266,472 3,540,840 Tl237,531 ¥1446,120
23,389
54,945 def. 5,223.
July 1 to May 3i..., 1,081,216
381,734
349,512 def.54,004
M.Bt.P.&B. B.M.b.June
257,205
626,816
538,750
286,618
Gulf W.T.APac.bMay
12,463
July 1 to June 8>i.... 7,237,264 6,222,387 3,517.342 3,280,760
18,001
106
7,219
July Ito May al
151,110
142,962
1,202
2,604
Mo. Kan. A Texas. a. June 1.098,056 1,172,754
156,370
107,260
Houst.E.AW.T.b Apr.
July Ito June 30 .. 18,208,192 16,391,400 4,759,109 4,519,835
70.516
66,266 def.7,162
def.893
July 1 to Apr. 3j...,
756,377
777,807 def. 16,839
231,782
«Mo. Pac.AIr.Mt.bJune 2,997,316 2,757,380
760,217
783.864
Houst.AShreve.bApr.
19,551
15,197
Jan. Ito June ao... .20,123,481 17,208,251 6,174,462 4,993,956
6,889
3,879
July 1 to Apr. 30.
198,477
192,232
63,618
59,902
SaBh. Oh.&lSt.L.b..June ii877,676 n726,510 n219.570 u228,282
Hous. A Tex.O.b.Apr.
413,593
369,265
n9606,370 n7992,531 n2610,766 n'ii37«J,416
July Ito June 30
49,177
44,954
July 1 to Apr. 30. .. 4,557,687 4,452,234 1,335,278 1,509,806
eNat'lRR.of Mex..June 1,085.271
241,585
895.093
718,904
Louisiana West.b May
Jan. 1 to June 30
152,242
186,128
5,747,380 4,286.933 2,028,423 1,845,946
43,518
87,380
July 1 to May 31.... 1.727,810 1,781.789
638,339
787,767
HeT.-Cal.-OreKon.a.May
8.416
20,241
10,712
17,413
Mg'n'sLa.ATex.bMay
July 1 to May 31....
17£<,679
55,196
379,361
143,0*5
79,360
425,335
153,961
105,448
July Ito May 3 1.... 4,398,613 5,132,327 1,834,804 2,185,866
Nevada Central
June
3,653
1,263
3,607
377
N. Y. Tex. A M.b May
35,607
l,t99
July 1 to June 3u ...
4,022
33,777
40,078
13,962
15,152
38,480
July Ito May 31
428,812
343,839
93,780
129,827
Newb. Dutch. A Conn, b—
Oregon A Calif. b. Mar
Apr. 1 to June 30....
46,098
7,247
44,164
5,659
353,033
317,670
135,231
99,168
July Ito May 31..., 3,626,535 3,189,862
15,372
JaiL 1 to June 30
83.047
81,372
18,248
946,117
953,513
July 1 to June 30....
40,971
181,918
171,623
47,618
So. Pac. Coast.. b.May
93,132
78,633
995 def.26,637
July Ito May 31....
S.'i. ChicA St. Louis b—
868,670
832,604 df.409,2i9 def.9,328
Apr. 1 to June 30.... 2,040,146 1,607,320
493,241
463,231
p9o.Pao.RR.Co.bMay 2,591,025 2,331,389 1,173.106
880,247
4,185,9.'>8 3,361,965
937,628
Jan. 1 to June 30
961,037
July 1 to May 31. ...28,018,579 26,555,834 10,3^5,632 11,283.882
July Ito June 30.... 7,962,891 7,264,865 1,897,142 1,816,278
Texas A N. on. b.May
262.018
266.928
59,676
19,736
N. Y. Lack. & West.b—
July Ito May 31.... 2,861,528 2,720,648
4l6,8fc»6
474,184
475.884
Apr. 1 to June 30.... 2 849,565 1,563,729 1,617,633
863,752
776,811
July 1 to June 30
8,572,751 8,218,4^6 3,845,760 3,730,967 SOQthem Rallw'y.aJune S,3'i3,469 3,034,832
JtUy 1 to June 30. ...42,354,059 37,98S,19i 11,364,920 10,891.767
Syr. Bing. A N. Y.b—
Apr. 1 to June 30
2S,022 Terre H. A Indlanap a—
353,321
238,769
192,276
Apr. Ito June 30...,
141,152
491,875
480,069
158,097
July 1 to June 30.... 1,103, S78
369.435
414,147
912,463
July Ito June 30.... 1,902,399 1,706,7*8
530,910
687,783
H. T. Ont. AWeet.aJune
642,705
262,045
193,553 def.24.011
July 1 to June 6<. ..„ 6,176,518 5,456,696 1,619,431 1,2^8,942 Terre Haute A Peorlab—
Apr. 1 to June 30....
135,965
7,146
162,042
5,798
N. Y. A Ottawa555,919
42,244
July Ito June 30,..,
606,224
53,867
Apr. 1 to June 30....
27,279
24,<46 def.1,739 def.1,806
7,213
84,404
4.962
35,477
July 1 to June 30...,
1,432 Texas Central. a... June
114,877
106,812
3,075
593,668
163,733
July 1 to June 30....
158,743
601,615
H. Y. A Pennsvlvaniab—
253,251
116,818
363,915
63.544
Apr. 1 to June So
30.400
6,920 def.2,409 Toledo A O.Cent.a. June
25,379
778,921
July 1 to June 30..., 3,438,S72 2,863,808
699,182
Jan. 1 to June 30....
53,809
44,595
13,189 del.7,196
July 1 to June 30.,..
1,695 ToLPeorla A West.b July
32,187
113,105
97,364
24,392
110,790
91,934
19,089
H.y. Bus. A West. a May
16-, 9 19
283,447
163.016
52,371 Union PacSysfma. June 4,501,172 3,8tO,440 1,793,123 1,670,988
July Ito May 31
2,377,980 2,474,268 1,020,703 1,115,674
July 1 to June 30,. ..61. 075,188 47,500,279 22,327,972 21,941,053
.
—Current
Oi-oss i^ariiinffs.
.
Hoad*.
—
Xel Earning!!.
I'nrious
Pr^pious
I'lirrent
Year.
Year.
Year.
$
$
1.M5.621
W«b««h.b.
.Jane 1,694.805
July 1 to June 3o ... 21.125,7-.i3
WJersey A t^t«Hf>b li June
3S0.924
Jan. 1 to Jime 30
1.724,852
Weet. N. Y. & Ppiin.b—
Apr. 1 t > Juno 30 ... 1.451.617
2.fi27.^e4
Jan. 1 10 June 30
5.116.312
July 1 to June 30
Wheel. A L. Krie h June
423.443
4.234.771
July 1 to June ao
Wmsp'rt & No. Br.aMay
13.013
li;6,'235
July 1 to May al ...
5S9.100
Wlsoonsln Centr'i.hMay
6,045,338
July 1 to May 31
—
94.018
5,310.064
75.355
264,132
19,053.490
350.024
1.577.762
2')e.6l0
5,206.051
79.85S
290,932
100.697
29,710
33,290
94,015
1,001,710
63.184
26,616
611,111
72.845
943.2S0
def.478
1.335
40.319
43.410
•214.998
200.737
2.208,726 1,927,156
2.302
8,064
48, U5
64,899
74.094
22.378
1,666.925 1,882,419
1,171.992
2.t'».S144
4.3S9,907
330,632
3,537.023
10,984
119,400
536.626
5,480,397
31 to $1,424,593. making total
the month, and $l5,9o6,9»4 from July
Delaware & HudsonAlbany & Susq —
Apr. 1 to June 30
Jan. 1 to Jimo 30
July 1 to Jimo 80
& Bar. &
Reus.
and from July 1 to
net income of $662,226 for
.$128,652,
1.
n Includes Paduoah & Memphis
Division from July 1 in both years
Expenses for June, 1903, include $143,684 paid for additions to
For period from July 1,
property, acalnst $38,831 in June, 1902.
1902, to June 30, 1903, the amount eo expended was $1,127,068,
against |3iO,414.
p Includes results on former Southern Paolflo of Arizona, Southern
Faoitlc of California and Southern Pacific of New Mexico.
q Inoludlnt; remittances from connecting roads, total net income for
the month of June Is $i4,723 this year, against $53,450 last year, and
for the twelve months net Income Is $799,242 this year, against
$762,b95 last year.
r For June additional Income is $4,IS9 this year against $6,589 last
year. From July 1 to Jane 30 additional income 1b $84,574 against
$20,900 last year.
Includes $118 "other Income" for the month of Juno, and
$9,So2 for period from July 1. For year ending June 30, 1902, other
income was $7,^41.
t After adding $16,698 other income for June, 1903, and $5,016
for June, 1902. total net income amounts to $44,356 and $29,276.
respectively. From July 1 other Income amounts to $101,873 and
$37,672, making total net income $534,33^ and $394,941, respec-
a Including earnings of Savannah Florida & Western in both years,
and also Florida Southern and Sanford & St. Petersburg Ry. in both
years.
,
T For June additional income Is $7,003 this year, against $10,848
last year. From .Inly 1 to June 30 additional income is $161,365
this year, against $137,685 last year.
Includes $472 "other Income" for June, 1903, and $361 tor
June, 1902.
J After allowing for about $50,000 extraordinary expenses during
November and December, 1902, for re-ralllng the road.
t For June, 1903. taxes and rentals amounted to $141,967. against
t248.0la. after deducting which net for June, 1903, was $1,047,765
From July 1 to June 30, 1903, taxes and
against $1.5S3,0a8.
rentals amount«<i to $2,119,324 against $2,111,979, after deducting
which net was $21,793,962, against $23,113,837.
years.
t Kansas City Sub. Belt included in both
^ Expenses Increased this year by extra outlays for rails.
I Includes Lake Erie & Detroit River Railway for both perlodB.
H Inoludes Rio Orande Western for both years.
X
Interest Ctosrges and 8arplvB«—The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &o,, with the surplcs
tboye or defloit below those charges.
—
In/., Jieiiluls, elc.
Ciirre.til
I'revinns
Boadi.
Atlantic A Blrm'gh. June
July 1 to June 30
Boston & MaineApr. 1 to Jane 30 ...
Jan. 1 to June 30. .„
July 1 to June 30....
Boston Bev. B. & LynnApr. 1 to June 30
Jan. 1 tu June 30....
0«ni.NewEnglan<l —
Apr. 1 to June 30...,
Jan. 1 to June 30....
July 1 to June 30....
Olev. cin.C'h. & Mt. L.June
July 1 to June 3i»
June
Peoria & East
July 1 to June 3u....
<}opper Range
July 1 to May
.
-Jlal.
o/Xel Earn'gfi.^
Year.
Year.
Ciirrtnl
Year.
$
$
$
3,096
35.875
2.083
25,000
7,707
80.101
Current
Prerious
Year.
Year.
Year.
$
$
$
$
1,247,605
302,659
611,665
1,243.624
181.637
454.311
953,793
74.936
329.577
1,123,063
91,998
186,229
369.848
93.916
185,775
373,620
49.536
83,811
227,557
28,234
25,409
147,910
Adir.—
Apr. 1 to Juno 30....
316,472
328 899 df.126,219 df.173,818
Jan. 1 to Jimo 30
640.222
648.682 df.2'S2,222 df.356,804
July 1 to June 30
1,282,181 1,280,733 df.284,744*df.3l6,136
{Dsn. & R. Grande.. May
326,830
tl72,'i55
279.532
1348,691
July 1 to May 31
3,604,131 8,388,227 12,762,805 t2,802,567
Dnl. So. 8h. & Atl...June
* 20,637
93,002
79,642
•27.349
July 1 to Jimo 30
1,062,560
•20,327
987.709 'df.33,850
Evansv. AT. Hnute.May
35.991
35.485
32,420
15,683
July
1
May
to
31
Apr. 1 to Jiuio 30
Jan. 1 to June 30
Gila Val.Globo & N.May
July 1 to May 31....
890,862
380,842
424,338
896,378
6,840
12.630
6,290
13,134
22,889
27,955
9,188
98,020
23,941
28,095
J're.vious
$
Year.
2.975
40,405
1,985,368
4,025,798
8,088,044
*790,381
*605,766
2.027.684
*726,726
*627,845
4,054,962
8,059,432 •1,945,193 *1,938.011
15,572
30,166
15,807 *def.l,678 *def. 1,535
30,593 *df.l2,350 *df.ll,967
*19,062 •def.2.497
36,636
39,287
•11.995
74,942
*def 866
78,013
'6,026
152,688 *df.l4,308
155,169
315,505
291.722
241,802
234.462
2,8t4,06J 8,799,651 1,877,268 2,172,501
20.608
12,339
33,689
33,689
404,260
237,107
249.853
404,260
11.764
4,862
5,432
5,875
May
97,986
8.675
56,083
64,625
81....
117.861
1176,290
Greenwich &Johnsonv.—
Apr. 1 to Juno 30
259
Jan. 1 to June 30
671
Gulf & Ship Isl
June
18.847
July 1 to Juno aO ...
194,364
aooklng Valley
Juno
163.852
Jtily 1 to June 30
1,093,935
Indiana III. & la... June
17,838
July 1 to June 30
214,000
klnterborou^h Rapid
411
861
12,502
175.311
135,948
989,368
17,833
207,683
•4,382
*5,79S
•11.425
•7,485
•38,930
21,431
•442,553
258,859
•265.667
•262,728
'1,804.099 ''1,602.873
26.128
16,096
268,134
267,817
Traii*lt Co.
Apr.
July
1
1
June 30....
684,563
855,849 •1,376.322
•911,582
June 30
2,820,868 2,699,670 •4,273,543 •3,073,455
to
to
Sanawha A Mlcb...Juno
July 1 to June So....
L.
Cbamplain
Apr.
1
Jan. 1
<fe
18,364
198,484
12,238
•11,737 *df 20,421
140,794 *df.59,3d3
•76,386
Moriah—
Juno 30....
to June 30
to
Lake Erie & WesternApr. 1 to June 30
Itojune30
Lehigh
HudsonJan.
757
534
def.fl.963
1,430
1,207
def.9,548
2,876
6,338
216,608
433,816
216,974
434,292
119.240
288,434
119,132
240,873
84,146
68,096
33,583
67,614
30,781
38,187
19,085
18.992
<fe
Apr. 1 to June 30....
Jan. 1 to June 30....
Louisiana
& Arkan.—
Apr. 1 to June 30
July 1 to June 30
Manistee
No G...June
Jan. 1 to June 3u
A
Maryland
&
Penn..June
Mar. 1 to June So
Mineral Range
June
July 1 to June aO
Mo. Kan. & Texas. June
July 1 to June 3o ...
Nash V. Chat.* «t. i,. June
July 1 to Jime 3u
Nev.-Cal. -Oregon
May
July 1 to May 3i
.
tively.
—
— ^lial. 0/ AX Earn'gs.-^
rrevioits
Year.
311,276
621,646
N. Y. & CanadaApr. 1 to June 30
Jan. 1 to Juno 30
July 1 to June 30
elc.
LXXVII.
Genesee & Wyoming -
gold at the current rate of exchange.
d Net. after deducting taxes, Is $144,060 and $163,670 for 1903
and 1902 respectively lor the month, and |il, 234,878 and $1,319,902
from Julv 1.
e Results on Monterey & Mexican Oulf Included from March 1, 1902.
f Thirty per cent of gross earnings.
K Includes Mlssourt Pacific A Iron Mount'n and also Cent'l Branch.
I HousU)n * Texan Centra) and Its subsidiary lines are excluded for
the month of May in both years, but tbe totals from July 1 to date
Include tbe operations of these roads for ten months to April 30 in
both years.
J These fleures Include results on the Buffalo & Allegheny Valley
Division In both years.
k Last year's ttgures, both for the quarter and the twelve months,
are those of the Mauhaltan Railway.
May amounts to
Current
Year.
b Hetaarnlnffe here trlven are before dedaetlngtaxev
c These tlgares are In Mexican correnoy, and are convertible Into
for
— Int., lientals,
,
a NeteamlnKahereKlven are after dedaotlDR taxes.
Other income
[Vol.
Hoads.
Xl0,92l
X9.599
WrtKhtBv.A Tenn bjune
174.599
143.018
July 1 to June 3o
566.780
446.460
Yaxoo Jk Miss. Vfil.a Jiuic
July 1 to June 30.... 7,330,035 6,687,366
m
.
THE CHRONICLE.
296
May
—
-
.
.
.
22,868
•36,178
9,262
35,628
70,027
•109,843
33,001
149,966
6,050
6,050
4,801 def.8,605
86,303
36303
49,703
47,361
2,875
2,875
2,194
1,603
11,500
11,600
18,418
12,566
10,132
•3.805
8,347
•def.882
116,545
97,349 •def.8,887
*6,173
315,841
308.864 df.208,5Sl df.162,494
3,768,758 3,644,708 1,000,351
875,127
149,690
145,327
69,880
82,955
1,809,351 1,822,835
801,415
647,581
2,192
1,876
8,520
6,641
22,273
28,162
67.087
32,084
Newb. D'tchess & Conn.Apr. 1 to June 30
5,064
5,226
Jan. 1 to June 30
9,614
9,732
July 1 to June 30
19,516
19,792
N. Y.Chlc. &8t. L.—
Apr. 1 to June 30
307,926
322,553
Jan. 1 to June 30
638,358
636,638
July 1 to June 30
1,318,538 1,272,388
N. Y. Lack. & WesternApr. 1 to Jime 30....
612,203
July 1 to June 30
2,449.655
Syr. Bing. & N. Y.Apr. 1 to June 30
46,405
615,862
2,461,928
•821
•9,000
•28,671
•176,692
'852.243
•624,510
•2,15«
*5,912
*21,667
*
188,672
•324,854
•887,688
1,005,436 df.189,978
1,396,105 1,268,93S
46,404
145,871 def.20,882
July 1 to June 30
184,515
190,047
229,632
179,388
98.805
-138.323 *df.71,959
N. Y. Ont. & WB8t... June
89.649
July 1 to June 30
1,160,897 1.151,958
•860,971
*688,989
N. Y. & OttawaApr. 1 to June 30....
6,150
6,220 def.7,889 def.8,02fl
July 1 to June 30
17,060
14,560 def.lS,985 def.l3,12g
N. Y. & PennsylvaniaApr. 1 to June 30...,
308
164
6,612 def.2,668
Jan. 1 to June 30
1.410
6.409
11,779 def.12,606
•
July 1 to June 30
2,656
17,990
21,836 def. 16,295
223,002
Norfolk A West'n. ..Juno
211.501
634.231
839,323
2,571,315 2.867.777 6,891,930 6,048,200
July 1 to June 3o
14,108
North Shore (Cal.) .Juno
11,271
27,622
22,218
64.911
Mar. 1 to Juno 3<>
37,685
67,573
45,381
11152,718
11133.619
Pere Marquette.. June
11165,834
1192.792
Jan. 1 to June 30
..
11876,240
11784,212
11.^67.973
Iia47,140
Fine Blnft Ark. R... June
July 1 to Juno 30
Raleigh & Gape Fear. July
(ieading-
608
483
7,298
5,985
def.742
6,218
1,368
def.290
8,608
.
550
—
oompanles
May
901.000
879.082 1,133,694 df.2e4,4e6
July 1 to May 81.... 9.861,000 9,6t9,902 4,265,506.3,353,363
BloG'''ande Janet.. .May
7,708
7,708
7,756
6,477
46,250
46,250
34,476
Deo. 1 to May 31
32,597
15,033
18,611
•12,402
'8,092
Slo Orande South.. Juno
214,612
217.955
•73,367
•52,292
July 1 to June 3o
18,646 def.5,013
18,689
19.793
St. Tos. AOr. lBrd..June
227,092
204,441
224,669
292,964
July 1 to JuneSj ...
All
—
at. L.<St
San Fran.(lnclad.
728,117 •def 6,105 *df.81,510
y829,773
Chic A East 111.). May
July 1 to May 3i... y 8669, 199 7,626,483 •2,62^,737 •2,846,903
def.45,844
X74.852
San Ant. A Ar. P ...Apr.
X731,305
()f.284,365
July 1 to Apr. 30
2y,588
22,675
34,296
28,048
San Fran AN o.Pao. July
• Bonthem Pao
May & 3,732,348
*df.l.l05,094
* dr.10,067,829
July Ito May 3i... 534984070
——
August
THE CHRONICLE.
22, 1903.]
—
7/1/..
A Ohio Cen.. Jiine
A West. ..July
A Peiin.—
Apr. 1 to Juno 30....
Jan. 1 to .Juiie 30....
West. N. Y.
June
324,189
670,020
;-0....
l,093,tt71
WuiBportANo Br. May
July 1 1<> May 31....
May
WlBooDSln Cent
July 1 to May 31
2.732
28.650
146.291
1,612,743
1
to
luirii'i/n.-
Current
I'rerious
Tear.
Year.
Year
—Int., Reuain.
Ourreul
2.433
26,330
38.959
477,166
28,538
4,630
132,794
•73.266
•317.831
9,189
2,529
132,413
•24.864
•139.605
def.3.449
320,262 (lf.223,492*(lf.267380
577,409 df..'i40.S10 •(lf..'S61196
1,119,202 dr.l 060,881 *ar.507 166
2,404 def.3,210 deM.069
11.769
26,446
16,964
*70,545
*59,540
143,180
'629,988
*385,869
1,564,342
Attar allowing (or other Income received.
These iiKures are after allowing for other Income and tor dlsooant
After dednotlng »10,000 for Renewal Fund In
»nd eiohange.
May. 190S. and $10,000 Id May, 1902. the surplus for the month
Similarly, after deducting
18 J«"i62 556 akralnst J3S8.591 a year ago.
il 10.000, the surplus from July 1, 1902, to date Is $2,642,805, against
92.692.567 a year ago.
Rio Grande Western for both years.
t Includes
§ These tlirnres Include $il, 683,067 appropriated (or betterments and
additions to propnrrtes and equipment in May, 1903, and $19,506,428
*
t
from July
1
to
May
31.
Includes Lake Erie A Detroit River Railway (or both periods.
T These flgnres include $1,55^ appropriated (or betterments and
ftddltluns to p'opertles and equipment In May, 1903, and $6,898
(rem July 1 to date.
Central and Its subsidiary lines are 7iot InI Houston & Texas
cluded for the month of May in either year, but the totals from July I
to date Include the. operations of these roads for ten mouths to April
30 in both years.
k Last year's figures, both (or the quarter and the twelve montUs,
are tboi>e of the Manhatian Railway.
X Interest on advances by Southern Paolflo not taken Into account
but figures Include $11,851 appropriated for betterments and addl
tlons to properties and equipment In Apr., 1903, and $101,306 from
g
July 1 to date.
y Includes guaranties on certificates Issued for Chlo. <b E. 111. stock,
on which dividends are being paid equivalent to a rate of 10% on the
common and 6% on the preferred for the current year, as compared
with 6% on botli the common and preferred last year.
MiBcellaneous Companies.
,
—Current
Gross EarnUigs. —
Previous
Year.
Year.
Oompaniet.
Amer.Llght ATrao.May
July 1 to May 31....
Buffalo Uas ('o .. July
Oct 1 to July 31
Col. A Hock. C. * Ir.May
—
Apr. 1 to
May
3i
EaisonElec. Ilium. Co. of
Brock 'on, >> ass.. June
July 1 to June 30
Pall River Gas Works
Co
June
Xel Ear nings.
Current
PrevioHS
Year.
Year.
$
$
tes,e78
t748,997
17,865
388,400
2,047
35,024
hl9,015
303,423
15,748
37,385
7,341
101,657
6,533
90,958
2,880
27,918
li7,911
,
t64,7e8
t991,696
12.440
lil9,484
li34,326
25,004
153,739
Jan. 1 to June 3o....
3,990
12,148
c9,08l
c57,454
Jackson Oas-L. Co. June
Mar. 1 to June 3o
Jan. 1 to June 30
Lowell Electric Light
3,938
16,302
26,592
3.019
12,775
19,758
15,448
110,212
58,665
623,886
19,892
58,430
6,713
41,726
86,819
404,955
8,874
32,418
46,377
338,663
4,276
38,418
15,956
184,737
9.124
26.709
50,896
319,410
40,131
32,459
530.344
465,053
Paolflc Coast Cc.aMay
395,933
467,864
July 1 to May 31
5.028,154 4,561,914
Philadelphia Co.— See statement on page 398
Pittsburg Coal Co June
18.897
231.833
123,260
1.027,324
14,815
234.428
88,648
927,644
703,735
3,283,426
1,627,887
16.452
128,259
Coal A
June
99,655
1 to Jime 30
1,056,348
Tel'phone May
22,291
I to May 31....
67,630
Corporation
July
Jan. 1 to July 31
Mexican
July
Mexican
Mar.
C
Milwauk.QasL. Co. June
Jan. 1 to June 30....
Minneapolis
tric
Gen. Elec-
Co
June
July 1 to June 30....
Jan.
ItoJuneSu...
457,701
Pocahontas
Collieries
June
Jan. 1 to June 30...
United Box Board & Paper Co
June
Comiauy
55,169
276,077
79,554
tThe month's proportion of the dlvlden-i on preferred stock was
$43,926, against $39,830 last year, leaving a surplus (or May. 1903,
of $20,842 agaln8t«23,848 last year. For the 11 months the call for the
dividend was $473,256 this year, against $428,236 last y<^ar, leaving
asorplus for these 11 months of $518,141, against $320,7 61.
h Net receipts from coal sales, etc., be(ore deducting general expenses.
c After deducting $5,831 for depreciation, the net profit for June is
$3,260, and for the six montbs is $51,623.
Interest Charges and Snrplns.
-
Int., lientals, etc.
Edison Eleo Ilium. Co. of
Brockton, Mass. .June
July 1 to June 30 ...
Fall River Gas Works Co.Jan. 1 to June 30
Lowell Electric Light
Corporation
July
Jan. 1 to July 31...,
Mexican Coal <h c. June
July 1 to June 30
—
-Bal. of Xel Earn'g$.-~
Current
Previous
Year.
Previo^is
Year.
Year.
Year.
$
$
$
$
Current
(}<impanU».
397
Oompayiie$.
2.583
30.939
49,962
493,984
23,008
Jtily 1 to Jiiiio3u....
July
—Ual.o/Xel
$
Roads.
Jimo
Texas Central
July 1 to Jiine 30
»ol. Peo.
—
I'revioits
Jieiitals, etc.
Ctirreiil
I'enr.
roledo
;
..
.
,^
801
729
9,180
8,983
June
June 30
Pocahontas Collieries
Juno
Company
Jan. 1 to Jiuio 30
1,318
26,041
c56,929
1,260
8,262
9,235
107,093
5,605
34,836
26,817
281,372
9
9
Current
FreviouM
Tear,
Tear.
9
9
8,213
96,795
dM,607
10,055
129,263
6,633
137,602
40,662
189,212
d86,365
STREET BAiLWA¥S AND TRACTION C0HPAN1E8.
The following table shows the groaa earnings for the latest
period of all stbert railways from whloh we are able to obtain weekly or monthly returns.
Latest Brott Earning*.
Gross
exbminos.
American
Aur. Elgin
Week or Mo
RK
July
BurllDgfn (Vt.)Trao. July
Btngbamton
Cal.
Gas A Electric June
Chloaso
A
Our'nl
Tear.
Prev'ut
Tear.
S
9
Mil. Eleo.
July
86,202
8,773
222,287
29.529
51,637
—
Dayton &Tol.Tr. July
Newp. A Coving.
Light A Traction... June
oln.
Cln.
Citizens' Ry.
&
23.269
8.184
. -
.
.
Jan. 1 loLateii Date,
Current Previou$
Tear.
Tear.
$
143.037 120.29C
R'ys. Co.O- .Tuly
A Chlo. Ry WkAng.l6 11.606
744.189
628 58»
387
42.142
ll"7.779
l'35
37,729
....
23,690
60,525
123".?56
l62".529
284,958
251,663
104,244
91,131
573,384
519,341
6,99?
3.173
6,514
3.062
Light
(Muscatine. Iowa).. May
City Elec.(Rome,Ga.) April
Cleveland Electric.
Cleve.&So. W. ir.Co
Cleve. Painsv. A E.
Dart. A W'portSt.Ry
Detroit United Ry..n
Duluth-8up. Tract...
East. Ohio Traction..
.
.
June
Juiv
June
Jnly
2d wk
July
Aug
•lune
Elgin Aurora A Sou.
Harrlsburg Traction.
June
June
Havana
WkAug.lO
Eleo. Ry.Co.
HonoluluRapidTran.
Honghton Co. St. Ry.
Houston Eleo. St. Ry.
Indianap. AEnst. R^.
Internat'l Tract. Co.
Syst^im (Buffalo)...
Ithaca Strt^et RyJacksonville Elec.Oo
Knoxvllle Traction..
Lake Shore Eiec. Ry
Lake Street Elevated
>^ehlgh Traction
Lehigh Val. Trao. Co.
Street Ry. Dep
Electric Light Dep
June
June
June
July
June
.hine
June
.Mav
July
July
July
,
238,863 214.98
43,«9. t2M,642
19.765 ix.71,'s
19430 17.603
94,16H 8.^.281
61,412 52.632
17.949 18,739
42.576 33,874
46.476 41,86-'
t 30.942
23.467 14,831
16,41
16,008
37.237 31,899
16,731
35,655
30,761
12.448
12,655
1.318.356 1,170,544
240,.'S38 tl56,934
91.403
84.144
76313
70.530
2,650.284 2,352,185
35->.803
298,039
87,61
81,490
211.119
186.456
237.62V
213,733
{753,263
323,098 271.246 1,805.029 1,634,349
11,671 11,416
20,859 16,784
116.676
92,886
23,52^ 20,411
103.373
82,992
3Z7.089
67.18f 49,12
348.555
C58,474 C57,747 C 457,419 c 436,292
14.47;
7,170
77,424
60,652
July
July
Jnly
82,885
11,645
32,72
16,224
June
42.831
72,987
454,993
7,lli-
8v»,00;,!
384,557
76,071
141,186
65,064
45,574
Lexington Ry
165,i52
29,8 1^
ondonSt. Ry.(Can., June
13,64;75,569
vTad. (Wis.) Traction July
lo.lSt
8.764
62,33
Mass Electric Co
July
708.324 650,073
Metrop-St. Ry.(N.Y.)
Includ. 3d Ave. RR July
1,868,601 1,742,314
Mel. West Side Elev. July
l58,lt^^ i6l,7»0 1,189,699 1,088,403
MU. Eleo. Ry.A Lt.Oo July
2b8,975 235,360 1.699,161 1,503,099
ail.Lt.Heat& ir.Co July
38,6oi49,38
229.03t187,015
tlontreal Street Rv
Wk. Aug. 9 4 5,96 f 44.211 1,314,152 1,217,393
Husk. Tr. A Light. Co.
Street Ry. Depart.. June
10,306 10,85.'^
r28,29:^
r30,516
Electric Light Dep June
rl 1,324
2,^08
2,012
r9,333
Gas Department... June
2.313
3,094
rl2.665
rlO,74l
(Jew London St. Rv. July
ll,86rf 10.952
Sor. Ohio Tr. A Lt. Co July
95 76> 81,130 484,748
400.667
tforth western Elev.. July
92,05P 86.97«
7i5,02ti
662,385
Oakland Trans. Cons June
54Z,58!95.312 82,920
449.486
5.04V;lean St. Railway.. June
7,43.
38.48^
25,525
Orange Co. Traction. May
10.07t
8,533
35,323
31,683
Greg. Wat. Po. A Ry, Aprtl
17,139 10,8880,671
40.373
Peeks. L't'g&RR. Co. June
10.045
dl06,757 d86,796
r'hiladeiphia Co. and
Afllilated Corpor's. July
1,222,580 1,111338 8.951,147 7,961,804
Pottsv. Union Tract July
2;£,8i;>
106.817
17,034
93,197
Pueblo A Snborbao
Tract.ALlght'gOo. June
41.867
232,950
dys c;o.6en.— Roads. July
37.163 31,47?^
178,45<:
147',54i
Light Go's
Julv
1.895
1,648
12,943
11,664
Rochester Railway .. July
114.784 99,206 716,120
626,625
Rookford Belolt A
JanesvlUe
Jnly
14,454
74,779
it. Louis Transit
July
639,704 575,i73 4,106,168 3,589,766
Sao Paulo (Brazil)
Tram. L't & Po. Co. June
102,500
632,361
Savannah Elect. Co. June
46,104 44,897
Seattle Electric Co... ,Tune
176.510 I51.al7
989,457
848,651
South Side Elevated, July
900.451
822,007
118,166 10 ',639
^yracasp Rap.Tr.Ry. June
66.643 60.86:381,642 346,613
Tampa Electric Co... June
25.5.=>3
18,897
Xerre Haute Eleo.Co. June
38.485 25,135
24.77H
rol.Bowl.Gr.ASo.Tr. May.
108,257
""oledo Rys A Light. June
67i',384
141.545 122,682 772,17b
Toledo & Western.... Julv
17,152
loronto Railway
WkAug.15 41,28- 3.\06& l,222,59i 1,022,380
rwtn City Rap. Tran, 2d wk.Aug 74.975 68 06: 2.4j8 934 2,143.335
Onion (N. Bedford).. July
3i,007
183,307
41,08.-)
206,844
Union Trao. of Ind.. June
602,076 339,067
97,302 81,424
United KB's of San
Francisco
June
488,113 454,219 2,966.671 2,557,161
United Trao.— (Aib.) .fuly
952,128
863,967
14.'j,268 139 679
Wash. Alex.* Mt V. July
20,112 16,298
West. Ohio BR
July
24,506
VouDgstown-sharon
t
246.182
Spanish sliver.
These are resolts (or propertieB ownea.
c Results for main
3,016
30,161
9,235
77,644
Tear.
c After deducting $5,831 (or depreciation, net prolU is $51,098.
ohiirges, sinking (anda and preferred dividend.
d Figures here
1,108
6,890
10,002
123,683
Tear.
8.842
102,581
1 to
By.&Lt.Co
8.079
18,738
-—Bal. of Net Earn's.s
d This Item Includes
I
525
Co
July
.
Gen. Eleo-
Minneapolis
trio
etc.
PreviouB
line.
are from July 1.
n These earnings Include the Detroit United Ry., Detroit 3i Port
Huron Shore Line and the Sandwich Windsor dc Amherstbtirg By.
r These figures are £rom Mar. 1 to June 80.
t Figures for 1902 cover only the Clev. Elyrla & Western Ry. Co.
—
—
.
.
THE CHBONICLE.
398
Street Railway Net Eamlngrg.—The following table gives
the returns of Stbkkt railway gross and net earnings received
this week. The general summary which we furnish once a
month, and in which we bring together all the roads from
which monthly returns can be procured, will be given
August
29.
—Current
Gross
Kariiiiius.
.
Tear.
—
Xet Kaniiitgs.
I'reri'ms
Year.
Current
Prerious
Tear.
Tear.
ANNUAL REPORTS.
Annual Reports.
—The following
companies which have been published since the last editions
of the Investobs' and Street Railway Supplements.
This index does not include reports in to-day's Chboniole.
UAiLrai.\n.«i,
Etc.—
63.858
26,202
136.387
186,563
29,529
123,250
July
Bia^bamton Ry.b. July
—
Jan. 1 to July 31...,
Oct 1 to July 31
Mllw. Eleo July
Ohio.
Jan. Ito July 31....
Oleveland SoatliveHtern
July
Traction Co
Jan. 1 to Joly 31....
A
Ooney
&
Isl.
Apr.
12,071
47.883
June 3
>
July 1 to June 30
Dalnth-Sup. TracJuly
Jan. 1 to Jtily 31
Canadian Pacific
Central Foundry
16.004
56,891
Central of Georgia
Clev?.Cin. Chic. & St. Louis
43.692
240,538
x28,542
Xi56,934
21,153
97,119
xl4,950
X66.124
438.252
423.275
1,503.125
53,632
298.039
182.667
594.818
33.305
154.165
194.065
1,603,857
61,412
355,i503
BR.- -f Street Railxcaj/
Elmlra Water L'ht &
Apr. 1 to June 30
Jolf 1 to June 30
Buffalo Koch. & Pitts
Buffalo & Susquehanna
Ciilumet & Hecia MlulnK
71, 85
b—
B'kiyn
1 to
34,128
14.913
60,S64
81.6D7
21.006
74,880
28.269
117.779
166.088
23.590
102,529
5i)4.550
27,647
140,640
Col. Spp.
&
1
ti>
1 to
&
June 80....
June 30....
Eaet. Ry. July
Sh. Eleo. Ry.ajuly
Jan. 1 to July 31
Lake
2J).s
Dist. Ry.... S17
Consolidated Lake Superior
Evtnsvllle& Terro Haute
,.
lllinoi!) Brick (atatement June SO)
Louisvilto 4 Nashville
Slaahattdu Kv
Montrenl Llulit Heat & Power....
Nashv. Chat. & St. Louis
New England Brick
347
Street Railways—
Blnghamton (N. Y.) Ry
3^8
Bost'iu
290
Department only.)
47,617
8,547
32.656
Interhoroagh Rapid Transit Company.
^Balance Sheet of June SO, 190S,,'
94,904
316,800
16.731
67.186
327,089
14,477
77,424
32,725
86,653
10,1?0
62,335
216,236
2.196
88,795
321,067 def.21,952
21.929
94,277
The company's only earnings are at present those of the
Manhattan Ry. Co., whose statement was given last week:
8.202
32.125
107,652
8,706
31,976
14,284
36,507
5,452
21,234
100,079
•••••...
9.ti5t>
23,161
89,643
1.908
21.9X9
14,429
35,b28
3,921
14.140
104.689
611.114
702,977
6,572
460,6^*6
678,368
5,835
40,542
174.117
47,796
214.984
18,729
BALANCB SHEET JUNE
Astets—
Cost of lease
&
&
Figures for 1902 cover only the 01e7. Elyria
equlp-
mentofsnbway
Capital stock
.
Previous
Tear.
Teai:
The
<—Bal. of Net EartVgs-~
Cxin'ent
Previous
Tear.
Tear,
Jtay
1
A;
67.934
370.287
15.876
82.388
Dulnth 8np. Tract.. July
Jan. 1 to July 31....
Elmlra Water L'ht & RR.
Apr. 1 to June 30
July 1 to June 30 ...
-
(Street
*115.254
*326,971
17,429
71,777
58.638
264,052
14,685
77.528
*143.273
*385,083
12,962
63,112
Railway Department only.)
13,003
48,400
8,537 *def.2.74Z
'6b2
41,208
July
Ind'p'llB
1 to June 30...
&Ea8t.Ry July
Lexlncton Ry
July
May 1 to July 31
Montreal St. By ... July
Jan. 1 to July 31....
Oct. to 1 July 31
.
22,807
154,831
10,625
3>.
Western Ohio Ry... July
*273
36,958 *df.27.249 •def.7,193
137,022 df.l73323
*3,3a5
4,869
4,321
8.872
10,108
13.463
22,346
20,271
84,759
19,030
75,383
320.7H9
39I,4<!3
119.691
164,229
538.748
489.005
'
24.989
60,153
3,103
16,765
119.321
Eailicays Co.
July.
<
>
1903.
1902.
S
ft
.1,22^.580 1,111.338
OroBseanUngB
708.300
Op«rat'gexp'B and taxes. 7;- 5,530
.
—
Jan. 1 (o July 81.
1903.
1902.
ft
%
8.951,147 7,96i.804
5,071.155 4,892,78^
Net earns, from oper'DB 487.060
21,808
MlsceUaneOQS Income...
403.038
30,670
3,879,992
280,913
Tot.eamB. A Income...
Fixed ohargea*
458,868
319,137
433,708
307.537
4.160.935 3.938.287
2,234,744 2,145,736
Remainder
Accrued rtivUl'd on
189,721
126,171
1,926,191
1,792,551
23,937
23,937
167,644
169,679
3,569,019
369,268
prel.
115,784
102,234
1.768,647
1,622,972
owiier:^ "t
stock Of hfflilated COS..
157
def.l
2,052
2,147
AvaUableforPhlla.Co..
115,627
102,235
1.756,595
1,620,825
Net surplus
common
& Texas Bailway.
compare as follows:
1900
190102.
18S9 00.
01.
Balance, ear.... $1,000,351
$875,126
$761,779
$407,657
—V. 77, p. 89.
Gulf
&
Ship Island KB.
(Statement for the year ending June SO, 1903. J
The
results for the fiscal year
were as follows:
190203.
251
Gross earnings
Operating expenses and taxes
$1,707,143
1,073,944
Net earnings
Otherlncome
$633,199
Total net Income
Fixed charges
Snrplus
77, p. 349, 280.
1901-02.
1900-01.
2S1
249
$1,374,684 $1,030,849
795,560
940,514
$434,170
$285,289
$636,917
1^4.364
$434,170
176.311
$235,289
230,742
$442,553
$258,859
$4,647
& Western
Railway.
3,718
New Toik
Ontario
(Statement for the year ending June
Including Philadelphia Company, Equitable Oas Co., Consolidated
the Oily of Pitttburgh, the Allegheny County Light
Due
$37,180,852
$3,861,042
3,458,385
23,777
64,796
€hu Company of
tockof Phila. Co
Total
$4,268,93^
3,507,157
results for the fiscal year
Philadelphia Company and Affiliated Corporations.
and Pittsburgh
371,073
163,000
547.324
$4,519,835
3,644,709
The
Co.,
capital stock
in litlKatlon...
Profit <& loss (surplus)
Taxes
Net earnings.... $1,759,1 <0
Fixed charges
3.758,75a
Atter allowing for other Income received.
*
etc...
-V.
Northern Ohio Traction
A Light Co
July
Jan. 1 to July
wages
Dae cos. and Indlvid'Is
Int. and premium on
results for the late fiscal year
Average miles
44,587
185.287
3,333
5,413
16,236
24.696
139,887
189,363
for
SappUes, taxes,
$37,180,852
*7.285
Hadson Valley Ry—
Apr. 1 to June 30
Dae
Gross earnings
$17,208,193 $16,391,400 $15,403,083 $12,626,511
Oper. exp. & taxes. 12,449,0^3 11,871,565 11,134,148
8.765,469
Soads.
Apr. 1
288,497
7,636
430,920
94,708
267,614
10,085
Sundries
MTanh. Ry. lease aoot.
{'Statement for the year ending June 50, 190S.J
Western Ry.
Interest Charges and Surplus.
Current
lot.
Stocks and bonds of
other companies
13,527,266
Eeal estate
1,738,341
Supplies on hand
550,291
Dae on traffic
11,475
Due on open accounts
68.315
Cashonhand
10,866.248
Loanf'd on collateral..
1.015.000
Manhattan guar, fund 4.018,811
Prepaid Insurance
6,748
Total
-V. 77. p. 849, 298.
$35,000,000
on '>dB. Manh. Rr.
Co.. due and aooraed
$5,378,357
1902 03.
— Int., Jtentals, etc. —
30. 1903.
LiaHliUe< —
Missouri Kansas
B'kiyn—
to June 30
to June 30
247
& Worcester St. By. (balance sheet July 1)
86
Inernation»l Traction (Buffalo).. 208
Interurban St. Ry., N. Y. (balaaoe
sheet March 81)
S3
194
296
218
40.5^8
160,965
a Net eamlnKs here given are after deducting taxes.
b Net earninKB here (clven are before deduotlncr taxes.
C«ney Island
194
48,393
183,867
49,122
248,555
L«hlgh Traction.. .July
7.170
60,653
Jan. 1 to July 31
29,815
Lexington Ry. b ..July
May 1 to July 31...
78,058
Madison Traction.. July
8,754
46,574
Jan. 1 to July 31
Montreal 8t. Ry
193,656
July
Jan. 1 to July 31
1,256.531 1.161,666
1
31
1,643,836
Oct.
to July
1.788.178
Nev London St. Ry. July
11,863
10,952
North. OhloTrao. ALlirbt
81,130
Oo.a
July
95,766
Jan. 1 to July 3i
484,748
400,067
Western Ohio By... July
24.506
X
Virginia-Carolina Chemical
193
2Wrt
NewEnK.Cot.Varn(bal.sh.June27) 348
Hudson Valley Ry.b—
Apr.
July
Ind'p'Ue
Creek
Crip.
Railro.\t)s, Etc.—
Page.
Norrolk & Western
2l'6
Pacific Mall Steamship
248
Peoria* Ea«tfrn
286
Ropub. ir. & steel(ti mos.to J'ne 80) 348
Seaboard Air Line
847
Souihorn Indiana
896
Syracuse Lxa. (offlclal statement).. 848
Union iron A Steel(&tatem't J'ne 1) 296
Union Pacific
£00
U. S. R ally 4 Construction (9
ni08. enrllnK June .SO)
S97
Page.
K«H
193
347
847, S63
346
193
S47
247
347
May 31).
American Thread
Bo ton .t Maine
Chica-
Jb
go By
an index to all annual
and miscellaneous
is
reports of steam railroads, street railways
AmeriCHii Glue (etatem't
Aurora Elgin
LXXVII.
[Vol.
were as follows:
1902-03.
1901-02.
s
s
1900
$
01.
1899 00.
s
Gross earnings
6,176,518
Oper. expenses and taxes.4,557,087
5,456,696
4,157,754
5,322,883
3,777.137
4,963,482
8,414,917
Net earnings
Otherlncome
1,619.431
1,298,9'«2
401,937
511,978
1.545,746
417,244
1,548,565
273,692
2.021,368
1.810.917
1,151,953
1,962,900
1,083,759
1,822,257
Net income
Interest, rentals, etc
l,lt)0,3^7
963,233
Balance, surplus
860,971
659.959
879,231
859,024
the surplus as above in 1903 there was appropriated
t423,214 for cost of second track laid on portion of road.-V. 76, p. 1085.
From
St.
Joseph
& Urand
Island Ry.
(Statement for the year ended June
30, 190S.)
results for the fiscal year compare as follows :
1900-01.
1902-03.
190102.
Gross eamlnes
$1,349,790
$1,399,985
$1,388,162
811,655
Operating expenses
S36,401
S52.385
The
Net earnings
Fixed charges Include rentals of leased companies, interest on
funded debt of above companies, and accrued dlvldendH on preferred
atooks of alll lated companies held b£ others than Philadelphia Co.
30, 190S,J
Charges
Dividend on preferred stock
$4.11.761
$227,092
$197,405
$204,441
(5)274.908
(5)274.880
$18,056
$125,982
$588,300
$187,488
*
Balance, Burplus
-V.
76, p. 159.
$224,669
AuacST
J
J
:
.
THE OHRONICLB.
33, 1903.]
American Agrrlcaltaral Chemical Company.
399
entirely in the Norcross Brothers Oo.. shows that the excess of value
of he aforesaid In vestiuf nts above amounts appearing tu the N oroross
Br.nbers ledger Is *591, 738. It would be proper to reduce this lastnamed surplus to some extent, but evt-n after a lltieral reduoilou the
exci^s* of assets would be a considerable snm, which should properly
be lidded to the surplus shown by the Norcriss Brohers Co. A condensed statement of the sub companies is appended, showing the
apparent surplus over values as carried on the books of the Norcross
Brothers Oo. There are other small conipMniPs [Windsor Green
(iranne Co., Granite Htate Bnok Co.. Brownvllin, Me Slate Co., North
ivioiison Slate Co. and Algonquin Red Slate Co.] not the property of
the Norcross Brothers 0«. It appears that the assets of these companies exceed the liabilities; to some extent Norcross Brothers Oo.
has endorsed their notes.
t
C Report for the year ending June SO, 1903 J
Treasurer Thomas A. Do3 says
Tlie earnlnRS for the year amounted to *2,0S7,327, an Inoieaao of
$451,622 over tlio prevloue year. There was charReit off for Im proveuiente. beitermeDts anrt renewals $.7rt.l47. and there was et>t acide
:
for oontluKfnoies, freUh-H, etc., $409,175, le ivlng proflts for thp year
available for dividends $1,370,005. The current assets exoeeil ihn
"current liabilities" by $10,358,589. an Increase of $584,127 over the
previous year.
The oooiprtuv hao purchased the reraalnluK 47 shares of the capital
stock of the Peace River Phosphate Mining Co., and Is now the sole
owner of tbU uiliiluK property, which consists of about 30.000 acres
of phosphate land lylnj? alon^ both sides of the Peace River In Floi Ida
for upw*ril8 of yo miles. This purchane Is Importaut a** It enables the
company to control Its own source of supply of crude phosphate.
have also purchased the Bowk-^r Fertilizer Co., with factories at
nrlfjhion, Ma^B (near Bos'on), Eilz*bevh, N. J., and Cincinnati, Ohio
This property, for which payui'*nt was made by the Issue of stock. Is
oonslderf d a very desirable acquisition. In our last report attention
was called to the faci that of the company's working capital about
$2,200,000 bad been expended for desirable properties, including the
phosphate mining property referred to above. This ani'<ant has been
replaced by cash borrowed, as required, on the company's own notes.
There has been a substantial Increase In the output of mannfaotored
prodnota and the prospects for the future are most promising.
We
The iDcsme acooant and balance sheets are shown below:
ANNUAL
INCOMEB ACCOOTJT.
1901-02.
190203.
Profits from properties owned
$1,580,197 $1,066,988
Profits from propertles'oontrolled
432,418
265.658
From Interest on loans
162,703
From other Bouroes
110,352
104,712
Total Income
$2,057,327
Less general reserve
$409,175
Less written off for Improvements,
betterments, etc
278,147
Less mlBoellaueouB
Total
$687,322
$1,370,005
1,078,800
Proflte
6
dividend on pref. stock
p. 0.
BALANCE SHEET JUNE
leos.
tools, etc
783,284
Prop'ty purchased
after reorxaui'n.
540,767
,"40,274
prop's. 1,,051,021
.
$1,603,746
$251,360
249,555
1,887
241,222
51,371
$462,981
$1,142,725
1,028,754
$1,059,791
1,024,740
1,516,404
1
1,^j47,68
i6.u67
.
'
26,067
Brands, tr'de-m'rks.
patents, eto
16,,238,034 15,245,102
Pref. stk.int'eas'y 2 ,19<,W00 »,OS5,^00
Com.stk.in treas'y 2 ,V66,400 .S,44%900
Acc'nts receivable. 6 ,"lH,i;95 5,' 61,S91
Bills receivable.... i.,28fl,-16 1,184,827
Herch. & supplies. 4, 39fl,7C6 4,091.-98
Insur'ce, nnexp'd.
64,300
53.2«0
Taxes & licenses
2^,!«P9
nnexptred
30.713
Casta in bank
636.773
412,878
$543,954
$113,971
NOROHOSS BBOTHEBS CO. BALANCE SHEET JDLY
—
Assets
Port Morris real est'te
Equipment
Brick to be delivered
by N. E Brick <;o...
Offloefurnlt're&fixt's
(JttBh
Uabilities-
1902.
$
Stock, common.... 20,010,000 2n,no',ooo
Stock, preferred ..80.000.i>00 20,030,000
Currpnt accounts
payable
894,537
14,192
858,!il6
2,272,C00
4o3,6(j8
600,000
290,248
113,744
174,303
1,849,137
1,029,042
Acerued taxes.
and notes pay-
18,147
Bills
able
General reserve
Keaerve for renewals
Profit
and loss,
.
.
surplus
x$74.300
xl90,854
$1,500,000
598,190
Permanent ioau
z205,500
sub
Due
contractors...
222,760
Other accounts
123,634
Surplus
530,572
X30,000
x4,7.^8
x:^3.889
Total
Total
$3,180,656
$3,180,656
X The items so marked are. under the reoriranization plan, to be turned over
to the "Const'uction Company" (see a following page) at the valuation named,
except the "Port Morris real estate, which in the balance sheet is given as
$15 ,800. less mortcage $-6,0j0, balance $74,800," but in plan appears as
"VVorcest^r nhop (equity estimated) »iO,000."
y Tne princli al items of which this amount is composed are shown In the
following taole under 'InveBtments carried by Norcross Brothers at,' the
latter table, however, omitting Waverly Marble Co., $100,000, Troy Granite By..
$15.()0.»; otner, $<!1.001.
X To be extended for five years at 6 p. c. See plan.
CONDENSED STATEMENT OF SUB COMPANIES JOLT
over
except
capt:a(
Name cj Company.
All assets.
Stony Creek Quarry
Mllford Quarry
Oneco Granite Co
Charles River Stone Oo
Provldenoe Stone Yard
Norcroes BrownstoneCo...
Norcross Co., Cleveland, O.
Vorcross-West Marble Co...
Worcester Shop
30.'i,49S
Snuthern Marble Oo
New England Building Oo.. 1,049,222
Mass. ontractlng Co
151,991
Troy White Granite Oo
74,579
Flexlfold Door & Shutter Oo30,125
Total
Total assets.
.44,597.518 42.470,056
Tot. liabilities. 44,597,518 42,470,056
p. 867.
National Enameling & Stamping Co.
^Report for year ended June 30, 1903, J
The resnlts for the year ended Jane 80, 1903, compare with
those for the year 1901-03 and the eighteen months ended
June
29, 1901, as
Jan. 1. 1900. to
1901-02. June29. '901.
(12 months.) (12 months.) (18 months.)
Gross
after charging
ooBt of materials, woges, salaries, selling exp., taxes, oper.
expenses, bad debts, <Sio
$2,241,472
profits,
Deduct—
Remuneration
of ofiBcers, &o...
Repairs ..
Eitraordin'yexp. at sheet mills
$104,361
379,290
Interest
117,229
29,800
94,435
Organization expenses
Property accounts, &o
$2,566,818
$1,950,520
$106 993
$126,123
467,097
29,064
166,792
450,594
7,281
121,109
28,500
132,029
29,940
4,000
Total
$725,115
$346,511
Net profits
$1,519,357 $1,720,307
Dlvs. pref. stock (7% per an.) .. $587,762
$587,762
Dlvs. com. stock (4% per an.)..
617,672
463,254
$1,205,434
Sarplns
$313,923
Brought forward from prior y'r 1,279,707
Unappropriated profits
$1,598,630
$823,016
$1,127,504
$817,068
$1,051,016
$669,291
1,110,417
$817,068
$310,436
799,979
$1,779,708
$1,110,415
BALANCE SHEET,
June
30,
191.3.
Assets—
Plant,
good
%
JWK 90
1912.
$
will,
etc.
28,324,165 22,861.309
Materials and supplies
4,247,460
Acooantsand
receivable
Paym'ts
itiadv'ce.
Miscellaneous
Casii
Total..
—V. 76,
4,483.456
bills
895.239
r0.105
11,4-5
t09,b06
784.374
88,476
:-5.2l7
June
!<0,
1903.
June
ffi
325,699
219,123
103,036
117,399
27,773
25,000
175,975180.268
183.190
112,643
222,997 a207,5OO
lOO.OOO
177,984
156,637
100,000
132,291
102,938
252,906 b2«8,740
200.000
456,492
12,000
85,S«5
69,693
49,600
10.971
29,376
12,453
6,186
4,656
16,552
11,677
100,859
47,796
74,ft75
23,708
52.592
592,729
66,606
14,886
749
8,320,052 1,026,424 2,293,627 1,701,889
to or
from
United States Enrelope Co.
fReport for the year ended June ^0,
The annual statements
for the fiscal years
1903. J
ended June 30
show:
Net profit for.l2 months
,
Deduct Interest on first mortgage bonds
Interest on debenture bonds
•Dividends on preferred
Depreciation on machinery
Paid to trostees of sinking fand
1902-03.
1901-02.
$569,063
$485,010
(
$120,000
$120,000
12,396
(5)187.500(414)159,875
50,044
29,871
75,000
76,000
Total
Carried to surplus account
$444,940
$114,123
$384,246
$100,764
* Quarterly dividends at the rate of 7 p. o. yearly were paid from
June, 1899. to Sept., 1901. Since 5 p. c. per annum.
BALANCE SHEET JULY
1902.
1902.
As>e*s—
$
$
Plant investment... 6,141,263 6,08 ,381
6S-2.059
Stock in process
599,601
counts rtcelvable 6P4,66S
570,914
Cash
69,701
87,567
Oasti for coupons...
60,360
60,'40
Treas'y stock, com.. 250,000
850,000
2f 0,000
do
preferred.... 25O,ii00
Sinking fund
383,525
299,125
M.chinery sold
12,670
7,833
1903.
$
Liabilities—
—
A
1.
1902.
$
4,000,0n0 4,000,000
Prererred stock
1,< 00,000 1,000 oeo
Common stock
Istmortg tie bonds. 2,000,000 ,000,000
s:
Debenture bonds.... 2iib,0<'0
eo,3ii0
Bond coupons
Accounts payable. .. 177,h44
Reserve or de rec'n 225,000
'
.
Profit & loss, surplus 880,942
Sink'g fund reserve. 375,0u0
250,000
60,«40
134,103
176,000
866,819
300,000
31),
1902.
Total
8.444,246 8,186,161
>
Total:
8,444,246 8186.161.
lAabilities—
«
$
Pref. slock issued. 8.396,600 8,391,600
Com. stock issued. 1^,441,800 15,441800
Mortgage debt .... 2.249.000 il,n 3-5.000
32i.a89
Sundry creaitnrs..
437,083
—V. 77, p. 854.
Reserve account..
Accrued int'-rest..
(Statement for year ending June SO, 1903.
The results for the years ending June 39, 1903 and 1903,
compare as follows, the earnings of both the gas and electric
Div. pay. July 1
Balance
...
50O,(i00
37,J8.^
801.359
1,593,630
88,917
80l,35S
1,779,707
427,614
28,818,260 28,730,466
r cross
Norcross Brothers Oo. It embraces transactions with the public only.
a Includes $107,500 bonds, b Inolndes $168,740 of the $189,740
bonds shown In Norcross balance sheet.
below:
1902 03.
N
Bros, at
A
ffi
238,052
10^,222
82,429
196,821
194,867
323,856
225,780
231,611
155,999
Investm'ts
carried bv
saiii
lialflities.
stoct.
S
1903.
1,
Surplus
Liabilities,
Note.— The foregoing does not Include any debts due
—V. 76,
1903.
Notes payable
$36,051
1903 '
(
1,
Liabilities—
Capital siook
Notes receivable
x4,850
Now due on contracts
In progress
x652,763
Now due on work
completed
X296.943
Open accounts
xl 2,000
Investm'ts In sub cos. yl,a37,890
Master Builders' Ass'n
1,000
MaiK'liester Dorset &
GraQTlUe By
51,909
30.
1902.
Asset*—
$
$
Real estate
2 ,810,002 2,S46,T46
Build'es & mach'r, 4, ,^82,214 4.441,955
Lighters,
tugs,
Phospha'e
Schooners
$1,605,708
$211,539
$291,205
Suiplus.
1900 01.
$939,581
335,454
164,810
163,870
.
Total
23,818.360 28,730,i86
p. 1405.
NorcToss Bros. Company.
f Statement of June 30, 2903.
The Eastern Audit Company, under date of July 24, says
in substance
We are satisfied as to the substantial aconraoy of the bookkeeping,
but owing to the limited time allotted we have had to uee the valuations In the b joks.
The exhibit shows an apparent surplus over
capital stock of $530,573, but an examination of the books of the
nnmerous sub companies, the ownership of which Is vested almost
Syracuse (N. T.) Ligrhting Company.
plants being included in the later year but only the electric
plant in 19U1 02 :
1901-02.
190203.
$734,438
$383,288
Gross earnings
352,123
215,474
Operating expenses
Interest on bonds
$382,815
204,900
$172,814
100.000
Balance over Interest
Dividend (5 p. o.) on $1,000,000 pref. stock
$177,415
50,000
$72,814
50,000
$127,415
$22,814
Net earnings
Balance, surplus for year
THE CHRONICLE,
400
BALANCE SHEET JDNE
30, 1003.
Lia!)iUties—
A.taet$—
$4,000,000
OapltalBtook
let M. 5 p o. bonds.... 4,107.000
99.746
Accnunts payable
13.125
Profit and lJ8i
127.415
Surplas for year
Plant and (ranotatsee ..$3,1^6.854
70,934
8appll«s on band
27.687
Cash
91,821
ooo ants receivable ...
Total assets
i8.347,236
Ctoiupare Ptatement to New
p. 248.
-V.
Total liabilities ....$8,347,286
York Stock Exchange, V.
77.
77, p. 803, 248.
GENERAL INVESTMENT NEWS.
BAILR0AD8. INCLUDING STREET B0AD8.
Altoona & Lojan Valley Electric Rj.—Conaolidai ion.—
Under
this title navf>
been consolidated the Altoona
&
Lo-
gan Valley Electric Railway Co. and ita controlled line, the
City PaseeDger Railway Co. of Altoona. Pa. The authorized capital stock of the consolidated company is $1,500,000.
Bee V. 77,
J. J. Sullivan of Philadelphia, Pa., is President.
p. 297.
[Vol.
LXXVII
taxes and assessments against the property which it will use. Including franchise taxes. In case any such tax should ever be Imposed. At
present, THllroads in Obloiare not subject to franchise taxes
In addition to the rental the L. «\^ N. is obligated to ooastruot the traoks|and
all depots whlo> It may deem necessary on the lands of the InterTerminal Company.
lu addition to the saving of about $100,000 per year on the present
volume of businoss the L. & N. will acquire a depot site In the heart of
the commerelal district! for frelKht, on a block of land 100x926 feet In
si/.*", wlih a street on each side of It, thus giving It standing room for
too freight oars, with double-traok access to and from toe depot. The
saving In time In the transfer of oars to and from the O. H. & O. and
the avoidance of oougestiou lu yards c*imot be measured in dollars.
Its total interest charge for all of the property needed will be about
$50,C(
per year, tt will be seen, therefore, that after building the
connecting tracks and depots, the L. A ^. will make a net saving over
their present outlay of not less than $50,000, and increase the terminal facilities more than twenty-fold.
An
issue of $400,000 Ist preferred stock is made (See V. 77,
the purpose of paying for the land, the rental of
$16,000 from the Louisville
Nastiville belnj? 4 p. c. on that
amount, The rental is made payable to the Union Trust Co.
of Cincinnati, which is the registrar of the preferred stock,
and by the trust company paid directlv to the holders of the
Ist preferred stock. President J. H. Woodard says
''Under
the laws of Ohio preferred stock becomes a first lien upon
p. 196) for
&
:
American Railways Co.— See Altoona & Logan Valley the property purchased with the proceelsof its sale. No
other incnm'irance or lien can be placed upon this section of
above.— V. 77, p. 297.
Ann Arbor RR.—Earninga. The results for the years the Inter-Terminal road by the Inter- Terminal Company, so
that the guaranty is absolute, making a perpetual interestceding Jane 30 ccmpare as follows:
Electric Ry.
—
Qroit
earnings.
1902-03. ..$2,041,331
Fiscal
t,ear.
19010.'.
1.893,410
yet
earnings,
$717,279
670,783
Additions
ct
imp'v'ts.
$119,709
150,434
Interest
Balance,
taxes.
surplus.
<6
$331,439
332,497
$266,131
187.857
—V. 75, p. 610.
Baker^tleld & Kern Electric Rj.—Conaoliiation.—See
Power, Transit & Light Co. below.
Central Pennsjlranla Traction Co.— Option.— Shareholders of the Harrisbnrg Traction Co. are offered the right
to subscribe for stock in the Central Pennsylvania Traction
Co., the authorized issue of which is $2,100,000 in |50 shares,
with |5, or 10 per cent, paid in. Subscriptions are payable
in two iEetalments of $2 60, viz., between Aug. 1 and 29 and
between Dec. 1 and 19. No future call on the stock, it is announced, will be in excess of 10 per cent or without 60 days'
notice.— V.
77, p. 195.
—
Chicago Unloa Traction Co. Moiificationof Lease9 Rati
fied—The shareholders of the Chicago Union Traction Co.,
North Chicago Street RR. and West Chicago Street RR. ratified, on Aug. 18, the proposition (see V. 77, p. 249) to amend
the leases under which the properties of the two last-named
companies were operated. The Chicago "Inter- Ocean" states
the vote as follows:
Union Traction Co.— Total shares, 320,000; shares in favor of
amended leases, 251,000; no votes against.
West CliicaKO Street RR —Teal shares, 131,000; shares represented,
9f,32C; In Tavor of amended leases, 96,326; against amended leases,
bearing stock at the rate of 4 p, c. free of all taxes." This
preferred stock has no voting power, but its rights to the
control of the property in case of default by the L.
N. is
secured by a trust deed to the trustee.
Negotiations are now pendinsr for connections with other
roads, including the Southern Railway, whioh would result
in a similar saving over present coat of teroiiQal service. As
contracts are made the preferred stock f the later-Terminal
Company will be issued under the same conditions as that
N. The common
issued under the guaranty of the L
stock, it is stated, will never be increased, and is valuable
only for control of the property.
The office is at 1416 East 4th St., Cincinnati, Ohio. The
road is a steam line; in other respects the statement in V. 77,
The issue of $400,000 first
p. 196 is pronounced correct.
preferred stock was authorized by the shareholders on Aug.
&
&
17.— V.
77, p. 196.
Galveston
& Western By.— Cow^ro/.—The company
re-
ports to the Texas Railroad Commission as follows regarding
the control of the $317,000 capital stock:
This stock, with the exception of forty shares held by C. L. Belssner,
was endorsed in blank and delivered to D. B. Henderson and Walter
Gresham, who. under contract dated Aug. 8. 1900. agreed to sell the
same to the late CoUls P. Huntington. This stock, we are Informed,
Is now held by A. K. Van Deventer of New York, Assistant Treasuer
of the Southern Paolflo Company.— V. 71, p. 492.
Grand Trunk Pacific Rj.-Further Facta.— A copy of the
which is under consideration before the Dominion ParIn favor of amended leases, 56,449; against amended leases, 132.
liament at Ottawa is at hand, and affords the following parThe receivers of the Ctjicago Union Traction Co., acting ticulars regarding the proposed new national trans-coutinental
under authority from Judge Grosacup, signed the amended railway:
2,000.
North Chicago Street RR.—Total share8,79,000; represented, 56,581;
In view of this action the stock of the
leases on Aug. 19.
three companies that was deposited under the agreement of
the protective committee, Walter G. Oakman, Chairman,
will probably, it is said, be returned to its owners early next
month.
The Chicago law firm, Moran, Mayer
& Meyer, is preparing
to contest the legality of the amended leases on the ground
that the voting of the shares held by the Illinois Trust
Savings Bank in favor of the plan was illegal, while without
these shares there was not a majority in favor of the amended
&
leases.
Merger Plan.— An attempt, it !is stated, will soon be made
to arrange a merger of the Chicago City Railway Co. with
the Union Traction Co.
Tax AsbCifiment. The tax assessment of the Chicago Union
Traction Co. has been reduced by the Board of Review from
$10,125,000 to $9,185,000 and that of the Chicago Consolidated
Co. from $3,940,500 to $2,000,000.— V. 77, p. 349, 249.
—
Chicago & Western Indiana BB.—Ca;2«dBoncf«.— General
mortgage bonds to the amount of $63,000 drawn by lot
will be paid on Sept. 1 at the office of J. P. Morgan & Co.,
New York, at 105 and interest.- V. 77, p. 88.
Cincinnati Inter-Terminal RB.
Furf/ier Facfs, —This
company was chartered for the purpose of connecting the
freight and passenger depots and stations of the various
steam railroads entering Cincinnati. It is not a union railway scheme in which the several roads own interests, but an
independent company, with a nominal capital of $10,000,
—
common
ftock, issued for the purpose of legal organization
control.
The charter requires that every portion of the
road give equal fa^dlitiea to all other roads in switching over
An offidal statement to the Chronicle says:
its tracks.
The Louisville & Nashville RR. Oo. and th« Chesapeake & Ohio Ry.
enter the city over a bndue auross the Ohio Rlv>-r, bac to get conneotlon with the Cincinnati Ha'nilton & Dayton Ry. they mast switch
cars over the tracki* of the Cleveland Cincinnati Chicago A St. L')d18
and the Ball more & Ohio Sonth western, a digtanoe or 2*2 miles, and
at a cost of not less thaa $2 50 per oar, whicli these lines must absorb In tbelr throagh rates. ThU charge amoantel t9 $4^,o0!J last
year aralnst the L & N. alone on Interchange or freight oars with the
V. H. A D. The cost to the three roads for 19U2 was in excess of $10w,000. 'Ihe O & O. bridge terminals are only 1,226 feet distant from
thosi of the C. il &. D. by the route of the proposed loter-termlnal
and
i
tracks.
The L. & N. has entered Into a contract of perpetual lease of the
rl«ht to nse and operate this 1,226 feet of track, sabject to Its charter
obllcrations, paying therefor an annual rental of $16,000, and all
bill
LINE OF BOAD AND EQUIPMBNT.
Milea
Eastern Division to be huitt by Ootemment.
Monoton, N. B., by shortest available luie to Quebec, and
thence through the northern part of provinces of Qaebeo and
Ontario and through province of Manitoba to Winnipeg, say.. 1,475
Western Division to be built by company by Dec. 1, 1908.
1,235
Prairie section. Winnipeg to R)oky Mouuialns, say
Mountain section. Rocky Mts. to Port Simpson or some other
480
port in British Columbia, via Pine River Pass, say
Total
(otilolal
preliminary estimate)
3,190
The company shall equip both divisions of the
with modern and complete rolling stock, and the
said line of railway
lirst equipment for
the completed road shall be of value of at least $20,000. ouO, of which
not lesH than $.5,000,000 worth shall be supplied for the operation of
the eastern division.
LEASE— RENTAL.
Eastern division shall be leased to the company
for the period of flfty years. For the flcHt seven years the company
hall operate the same, subject only to the payment of "working expenditure " (viz. all operatlag expenses, maiutenance and taxes);
thereafter the company shall pay annaally to the UoV''nmeat a earn
equal to 3 per cent per annum upon the cost of construction, bat
rental for first three years if not earned may be capitalized.
CAPITAL STOCK, $45,000,000.
The capital stock shall be $45,000,000. of which not more than $20,000,000 shall be preferred and not less than $25,000,000 common
stock. The company undertakes that the Graud Trunk Railway of
Canada shall acquire and hold the said common stock to the amoank
of $25,000,000.
When completed the
BONDS ODABANTEBD.
shall guarantee payment of the principal and
semi-annual iaterest of an issue of 60-year 3 p. o bonds to b-i made by
tiie company for an amount equal to 75 percent of the cost of construction of the Western division, but such principal amount shall not
Id any case exceed $ i3,0()0 per mile oa the prairie seotlon nor$i}0,000
per mile on the mountain section. The said bonds shall be dated and
issued and the guaranty of the Qoverumeut endon-ed thereon so soon
as the Western division Is constructed and equipped.
The Govertmeot shall pay the inten-st upon the bonds guaranteed
The Government
it on the mountain section during the first seven years from the
date of the Issue of salil bonds, without recourse against the cumpany.
After the expiration of said period the company shall bo primarily
liable to pay the said Interest, but for the flr.sc three years che Government shall have no foreclosure rights, any coupons paid by it daring
those years being fundable.
by
THHEB HOBTOAOB8 -SECOND MORTOAOB TO BE OITABANTEBD BT
OBAND TRDNK RAILWAY.
Inasmuch as the bonds to be guaranteed by the Government only
mak*! provision for part of the cost of construclon of the Western
division, the company aKrees that the Grand Trunk Co. of Canada
shall Koarantee bonds for the balance required for the oonstruotlon of
the same Western division exclusive of tae said $20,000,000 req aired
for first equipment.
—
—
AlTGCST
THB CHRONICLE.
23, 1903.]
Tbe company mav create luortgages to trastees as follows:
(a) A. tlrBt mortgage upou tlie railway, equipment, rUhts and
>
A
the company was ttrst organized and the silver currency of
Mexico was at a premium oversold.
Wo have made the very best offer to the income bondholders which
the circumstances Justify and the responses thus far received Indicate
that they will convert their Incomes into Interest-bearing debenture
oertllloates and thereby co-operiite in enabling the management to
fully complete and devolope the property.
"After twenty seven years' continuous business experience
in Mexico," he says. "I am justified in having great faith in
Mexico and in its Government. The future of the Mexican
Central Railway is very promising, but the bondholders
must co-operate with the stockholders in the readjustment
when
fran-
ohtees, IrclurtlnK all equipment and propt^rty to he thereafcr HC(i'ilre(t
(but not Inciurtlnt? brunch lines exoeertlnK 6 miles In len<th. or au li
additional rolllDg stock as may wltu tbe atseat of tU Gav<Mumeut be
aeslgnated by tbe company, and not luoiaUnK ships or any grants of
laud other than for r.iilway purposes), to secure the payment of the
first mort,«ajte bonds guaranteed by the Oovernmenc.
(b)
401
^eoond morticage on the property above described, except the
rolling stock oonstitutlni; the equipment of tho Eastern division, to secure the bonds to be guaranteed by the Qraud Trunk Kailway Oo. of
Canada, as aforesaid.
(c) A second mortgage npon the rolling stock oonstltatlng tbe equipment of the Eastern division next after the ttrst mortgage above mentioned, to seouro to the Qovernmeni the observance by the company
of the t-riu8 of this a4jre^menr. As further security pending construcilon $5,000,000 In ca»h or approved seoarltles are to be deposited
with ths Government.
The expression * bonds" Wherever used in this agreement shall be
deemed to Include debentures and debenture stock.
Mr. R. L. Borden, leader of the Opposition, in the Honse
Ottawa on Ang. 18 stated that he favored the extension of
the Intercolonial Ry. to Georgian Bay, the purchase by the
Government of the line of the Canadian Pacific north of
Lake Saperior, all the railways to have running rights thereon, the acquisition for the Government line of running rights
over the Canadian Pacific Railway to Winnipeg, the granting
of Government aid to the Grand Trunk to reach Edmonton;
from that point he eaid there should be only one road to the
Pacific Coast.— V. 77, p. 250, 146.
Urand Trank Ry. Purchaseof Stock— Ouaranty of Bonds.
—See Grand Tiunk Pacific Ry. above.—V. 77, p. 298, 88.
Illinois Ceutral RB.— ConsoZtda^ion.— The shareholders of
the following subsidiary companies will meet October 18 to
act on propositions to sell and convey the railway property,
corporate rights and franchises of their respective companies
to the Illinois Central RR. Co,, viz,:
St. Louis Alton di Terre Haute RR., Rantonl RR.. Illinois & Indiana
BR., Christopher & Herrln RR., St. Louis & Ohio River RR Moands &
Olive Branch RR.. Groves A Sand Ridge RR.
Wages.— Dnring July last the conductors and brakemen
were granted increased wages, the increase for freight conductors being stated as 15 per cent for north of the Obio
River and 12 per cent south; passenger conductors 12 per
cent north and 9 per cent south.
V. 77, p. 146, 144.
Indiana Railnay. Soatli Bend, Etc., la^.—Ouaranteed
Bonds. —See South Bend & Southern Michigan Ry. Co. beat
,
—
of its finances."
As further demonstrating the necessity of retiring the income bonds, if the property is to attain its fullest prosperity,
those in interest call attention to the fact that there has
been created over $85,000,000 of first mortgage 4s of 1911,
which are now quoted at 73, while more must be sold; that
the 133,000,000 of income bonds were issue i at far bel ow
their face value and were largely purchased for speculative
purposes, and finally that the free expenditure of new
capital which the development of the property requires can
and will be forthcoming only in case the income bond encumbrance is removed. In place of a purely speculative
bond, it is proposed to give a security of real intrinsic worth,
tiie principal of wiich will be due and payable three years
before the first mortgage bonds mature. Experience has
shown, notably in the case of the old Philadelphia & Reading, that income bonds selling at a low price are an insuperable barrier to progrees. In the case of the Reading
they were extinguished by foreclosure, the holders being
assessed 20 per cent and givon stock, chiefly second preferred
and common, in exchange for their bonds. V. 77, p. 350.
—
Missouri Kaasas & Texas Rj.— Mortgage.— See Texas &
Oklahoma RR, in Chronicle of Aug. 1, page 252,
Earnings. —See "Annual Reports" on a preceding page.
V.
77, p. 89.
New York Texas & Mexican By.— Bonds.-The
sharehold-
ers will vote Ojt. 27 on issuing bonds at not exceeding |30,000 per mile upon branch lines built and to be builr. The
company belongs to the Southern Pacific system. The bill
authorizing the purchase of the road by the Galveston Har-
risburg
&
San Antonio was recently vetoed.
— V. 76, p.
543.
Perry Connty (Pa.) RR.— Sale Sept. U.-The foreclosure
low.— V. 68. p. 671.
Kansas City Mexico & Orient B,j.— Additional Funds.— sal»^ Is set for Sept. 14 in Room No. 201 of Philadelphia
Third Vice-President and General Manager Edward Dick- Bourse. The amount due for principal and interest of the
who
mortgage of 1893
The "Omaha Bee"
Company, with $3,500,000 of capital stock in $10U shares, all
of one class and all outstanding, has made a mortgage to tbe
recently returned from England, Is quoted as
saying that the financing of theroal is now an aocomplished
inson,
says:
President StUwell and Mr. Dickinson went to London in Jane to
confer with the flaanoe committee, of which Lord Munson Is Chairman. Their plans for an Increase in the capital stock of the International Construction Co. from *7.000,000 to $10,000,000 (V. 77,
p. 254) were approved by the committee, the Increase to be used In
the construction of branch lines. Since returning to this country a
week ago Mr. Dickinson received a cablegram from President StUwell, who returns about Oct. 1, stating that the $3,000,000 of additional stock has a ready been placed by him (V. 75, p. 12.58).
The Internailoral Construction Co. and the Union Construction Oo.
hav6 contracts withthnriilroad company under which they are to turn
the entire road over to it, ready for the equipment, which the railroad
company will itself put on. The International Company has contracts for 1.075 and the Union Company for 430 miles, and the
entire dnanoing of them, which ha^ now been accomplished, is in
fact.
fact the flnancing of the road.
(See V. 75, p. 1258.)
Steamship Tbafhc Agrkement.— A traffic contract has been
made with the Hamburg-American Steamship Co. for a monthly
service from Port Stil well, the Western terminus of the road, to Hawaii and tr<tns-Paolllc ports.
C0S8TBCCT10N.— Over 1.200 miles of the right of way has been
acquired and 80O miles, or one half the whole road, has been
graded. The greater part of the remainder, it Is said, will be completed within eighteen months, and tbe entire road finished within a
year thereat ter. In three places, ooverini; a distance of 3i5 miles,
from Wichita, from Chihuahua aid from Port Stil well, the road Is already in operation.— V. 77, p 250.
LoniSTiile & Nashville HR.— Oincinnati Terminals,— See
Cincinnati Inierterminal Ry, above— V. 77, p. 349, 89.
Mexican Central Rj.— Company Still Independent.
Clay Pierce, Chairman of the board of directors, says:
—H.
In view of my election to the voting trust and directorate of the Seaboard Air Line Railway, in association with one of my fellow directors
of the St. Louis <fe San Francisco RR. Co., I think it is proper that I
sbonld emphatically and unequivocally deny the reports that have
been circulated during the past six months concerning the o >nnectlon
of the Mexlcin Central Ry. Co., Ltd., with various American railway
oomblnailons. The Mexican Central Ry. Co., of which I am Chairman,
is as independent of the Ruck Island system as It is of the St. Loais &.
Ban Francisco RR. or the other six or seven railway systems in the
United States of which I am a director. At the United States border
the Mexican Central now connects with Ave Independent American
railroad systems, with each of which It exchanges traffic upon an
absolutely iodependent baeis, but the Mexican Central has not made,
and does not expect to make, any exclusive alliance with any single
line or combination of roads, and vplU continue to be conducted as an
independent: Mtxioan property.
Exchange of Rcome Bonds.— Regarding the plan described
week Mr. Pierce says:
last
The conversion of the outstanding Income bonds, which are a
menace to the company's progress, into semi-annual Interest-bearing
debenture certificates of t e Mexican Central, is the first step la the
re-ad)ustment of Its finances. The holders of Income bonds so con
verting them will not only retain their present security but will
is
$147,523.— V. 77,
Power, Transit & Light
Co.,
p. 148.
California.— Mbrfgragre.-Thfs
Mercantile Trust Co. of San Francisco, as trustee, to secure
$2,500,000 of 5 p. c. gold bonds, of which $750,000 have been
issued. Tnese bonds are dated June 1, 1903, and are due
June 1, 1933, but are subject to call at company's option "on
basis of 4^^ p. c. re-investment;" denomination, $1,000; interest
payable Junel and Dec. 1; sinking fund, 10 p. c. of earnings
after five years. The company owns in fee and its mortgage
covers the properties of the former Power Development Co.,
the Bakersfield Gas
Electric Light Co. and the Bakersfield
Kern Electric Railway, subject to $175,000 existing bonds,
viz.: $125,000 on street railway and $50,0f)0 on gas and electric-light plant, to retire which at or before maturity a like
amount of the new issue is reserved. The oflBcers are: President, C. N. Beal; Secretary, James Goodwin, and Treasurer,
F. T. Elsey.
President Beal, Mutual Bank Building, San Francisco, says:
The Power Development Company began operating in 1895 Its
plant 16 miles from Bakersfield and now has over 100 miles electric power lines, supplying the city with electricity for lighting, besides furnishing power for mining works and irrigating. The Bakersfield Gas <fe Electric Light Company has been supplying Bakersfield
and Kern City with light for twenty years. The Bakersfield <fe Kern
Electric Railway Co. has had about 9 miles of electric road In operation for three years, covering the business and residence portion of
the two towns. W. 8. Tevls and James B. Haggln are the largest owners. The Electric Water Co., which supplies Bakersfield with water
by electric pumoing from a system of wells, has not yet been taken
over. This company, as well as the Kern County Land Co., is controlled largely by the Tevis-Haggin Interests.— 7. 76, p. 1305.
&
&
Carrollton & St. Louis RR.— Portion Abandoned
Aug. 10 the portion of this roal lying west of Carrollton, 111., and that between Carrollton and Columbiana, 11
miles, was abandoned, trains now running only between
Litchfield and Carrollton, 48 miles.- V. 70, p. 1292.
({aiiicy
— Od
Rochester Rj.— Report.— The results for the year ending
June 30 were:
Ytar.
Oross.
Net.
Olh. inc.
Charges.
Bat., sur.
$238,539
$392,882
190203
$J2,893
$1,291,369
$598,438
181,699
313,540
190102
24,216
1,044,006
471,023
Dividends on the 5 per cent preferred stock call for $126,000 yearly, the first dividend, 1 per cent, being paid Jan. 1,
1902, and IJ^ per cent quarterly since.- 7, 75, p. 1148.
St. Louis Alton & Terre Hante BR.— See Illinois Central
RR. above.— V. 66, p. 236.
San Antonio & Aransas Pass Rj.-Charter Amended.—
receive In addition the guaranty of the present and future value of the
entire capital stock that the Interest will be duly paid half-yearly and
In accordance with the vote of the shareholders the company
the principal of the debenture cerclficates will be paid at maturity; the ha3 filed an amendment to its charter to provide for buildfact that thet^e
debentures mature three years before the consolidated
a further guaranty that they will be duly paid The present
of continuing the plan of issuing and
selling non cumulative bonds due thirty-five years hence to raise
funds to carry on the grt-at work of completing the Mexican Central
railway system, and after the present income bonds are retired, others
will not be Issued. An income bond issue may have been good policy
bonds
18
management does not approve
ing an extension of the line from a point near Alice to
Brownsville, Tex., and for a reduction of its capital stock
from $5,000,000 to $1,000,000. Compare V. 77, p. 351, 148.
Seattle Electric Gq,— Guaranteed Bonds.— See Puget Sound
Power Co. under "Industrials" below.—V. 77, p. 251.
^
:
THE CHRONICLE.
402
[Vol. LXXVII.
Sonth Bend & Southern Mlchfgaa Rj.— Guaranteed James Dobson of Philadelphia, in the interest of the WilBonds.— Oa. Aug. 17 this company was to open for travel the mington Qas & Electric Co., which owns the adjoining propportion of its line between South Bend, Ind., and Niles, erty.-V. 77, p. 851, 299.
Mich., 11 miles. The remainder of the line— Nil^s to St.
Cataivba Power Co.— Bond* Of«red,— Morris Bros.
Joseph. Mich 23 miles— is not yet oonatracted. The comChrietfneen, Drexel Building, Philadelphia, with branch
pany has outstanding $250,000 of 5 p. c. ^1,G00 gold bonds, offices in
Chicago (National Life Building) and other cities,
which are guaranteed as to principal and interest by the are offering
at par $600,f00 of this company's authorized
Indiana Railway Co., with whose line conneotion is made at issue
of $750,000 6 p, o, gold bonds. These bonds are dated
South Bend. These bonds are part of an authorized issue of June
1, 1903, and are due June 1, 1933, without option of
1500,000, dated Oct. 1, 19"»2, and due in 1927 without option
earlier redemption except as may be required for the sinking
of earlier redemption. North American Savings Co., PittEfund of $10,000 per annum. The firm says :
bnrg, trustee.
The present issue of $600,000 bonds will complete the plant now
Soatbern Rj.— Ca»«rf Bomis.— Fifty-nine (|59.000) equip- under oonetrnctlon, this being guaranteed by tinanolally ronponslble
ment mortgage bonds of the Richmond & Danville RR, wiil stockholders. The remaining $lftO,000 of bonds are reserved for
aciulsltlocs.
Preferred stock, $350,000;
common stock,
be paid on Sept, 1, 1903, at par and interest at the Central future
*400.C00. Mortgage trustee, North American Trust Co.. New York
Trust Co, of New York.— V. 77, p. 299, 90.
Olty. Beginning with June 1, 1906, the company will set aside $10,000
annum for the purchase of the bonds at not exceeding 105 and inSyracase Rapid Transit Rj.— Report.— The results for the per
terest, or. falling this, for the drawing of ten bonds every year at 105
year ending Jane 30 were:
and interest.
The power plant Is located about 6>fl miles from Bock Hill, 8. 0„
Tear.
Groti.
Ifet.
0th. inc.
Oharges.
Bat., rur
1902-03
$230.M01
$326,389
$4,928
$7*8,330
$100,416 and about 18 miles from Charlotte. N. G. The construction is most
1901 02
228,246
687,193
302,930
6.089
80,773 substantial and about three fourths finished it will be completed
this year. All the machinery, both hydraulic and electrical. Is paid
Dividends of 1 p. c. each on the $1,250,000 preferred stock for and on the ground, nearly $S00,00()
having so far been expended
paid
April
on the plant. The demand for power within 20 miles Is very large,
were
on
1 and July 1, 1903, calling for $12,500
the
cities
of Charlotte, Oastonla, Rock Kill and the towns of Fort
quarterly.— V, 76, p. 812.
&
.
;
Washington Alexandria & At. Ternon (Electric) Ry.—
Earnings. — The results for the year ending May 31, 1908,
were: gross receipts, $221 655; opera*iDg expf'nses, including
insurance and taxes, $186,919; net earnings, $34 736; interest
and rentals paid, $48,500: balance, turplus for year, $38,236.
For the year ending Deo. 31. 1902, gross earnings were
$217,660 and net above taxes, $77,420.— V. 74, p. 1198.
.Mill, PlnevUle. Clover and Yorkville to-day U'^lng at least 20,c00 horse
power, which Is being produced by steam at larKC expense.
The company will have a minimum capacity of 6.0 lO primary horse
power for 12-hour days; also •.;,000 secondary horse power available
for night use during nine months of the year. Contracts have been
made for about 3.000 h. p at $20 per year per h. p. By carrying
the power to Charlotte, N. C, $25 to $iO per h. p can be obtained,
(.'alonlatlne, however, on $20 per horse power, we have gross earnings. $150,000; net Income, $125,000; interest on bonds, $36,000;
net surplus, $89,000.
Competent engineers In our employ unqualifiedly approve the plant.
The above figures are .more than con-
servative.
INDUSTRIAL. eA8 AND MISCELLANEOUS.
The preferred stock of $350,000, it is stated, has been paid
American Smelting & Refining Co.— See Federal Mining for in cash at 90 cents on the dollar and the money put in the
property, so that there is a cash equity in the plant over and
& Smelting Co, below.— V. 77, p. 91.
above the bonds of $315,000.— V. 76, p. 1303.
American Telephone & Telegraph Co.— Output.— The outColorado Fuel & Iron Co.— Directors.- At the annual
put of instruments for the month and the seven months ended
meeting in Denver on Aug. 19 the b jard as recently constiJuly 21 was:
tuted (V. 76, p. 1410) was re-elected, except that George P.
Month
Seven months
Butler, H. E. Hutitington and Frank Trumbull were suc1903.
1902.
190 i.
1902.
To Jultf 21—
69,194 59,935
669,258
OroBH output (number)
649,044 ceeded by John C. Osgood, F. J. Hearne and E. W. Oglebey.
390.< 01
388,723 The tioard now includes
Net output (number)
25.078 25,881
>
,
.
—
:
Total oatetantllnii: July 21
-V. 77, p. 299,39.
3,540,321
2,914,733
Associated Merchants' Co.—Earnings,— For the half-year
ending Auj?, 1, 1903, the net earnings were $514,(23, con
trasticg with $513,788 iQ the same period of 1902, Tbe interest on first and second preferred shares called for $274,933,
leaving a balance of $289,090, equal to 4*77 p. c, on the com
mon stock, but only 33^ p. c. ($175,473) was paid for the six
months, leaving a sarplus of $63,617 and making the total
surplus 1765,156.— V. 76, p. 540.
Atlas Tuck Corporation.— Trusfee*' Sa/e, —James Richard
Carter. Wm. A. Rast and Seth L. Cushman. trustees for the
bondholders of this corporation, announce by advertisement
(on page 4 of the "Journal of Commerce and Commercial
Bulletin " of Aug. 13) that in accordance with the terms of
the trust under which they hold the property, they have
authorized J. E. Conant & Co., auctioneers, of Lowell,
Mass., to sell to the highest bidders at public sale the property which formerly belonged to the plants of the Albert
Field Tack Co., the Taunton Tack Co., the American Tacli
Co. and Loring & Parks as follows Aug. 25th and 26th,
1903, at Taunton; Aug. 27th, at Fairhaven (New Bedford);
and Aug. 2Sth, at Plymouth and Dnxbury. — V. 74, p. 579.
Bay State Gas Co.— Circular, The committee consisting
of Titus Sheard, C. S. Drummond and W. J. Arkell has
iflsned a circular saying:
Mr. Tbomas W. Lawson of Boston has seen fit to Igsne a cironlar
statlnR tbatttaereori^aiilzatlon, an he terms it, of the Bay State Qas Co.,
is In the b.iDdR of Mr. Addlcks. We think It no more than right to state
thftt neither Mr. Adrlloks Dor Mr. Laweon will have anythlnt; whatever
to do with the mdnasemftnt It tiiemalorlty of the Htookholders aooept
the plan Isnued by uh on Jn y 15. The company will he oondnoreti by
the majority of the stockholders of the Unfed States Lleht & Heating
C3o., and It Is the wlab of tbeae people to Und out Just the condition of
the Bay State Oan Co. and if any property has be^n disponed of or the
company been mlpmanaKed intenrlonally under the old manaKemenc,
the new holdiox company of the Bay State OaaOi. securities will be In
a position to have restoration made tor the beneUt of all stockholders.
Over one-third of the entire Ipsue of the capital stock has already been
pledged to the committee. There will be no extension beyond Sept. 1
as to the time for making deposits.
Receiver Brings Another Suit. Receiver George Wharton
Pepper of Philadelphia filed a bill of complaint in the United
States Circuit Court at Wilmington, Del., on Aug, 20, against
J. Edward Addicks, J. Frank AUee, James Q. Sbaw, Newell
Ball and Daaiel Lawton Jr., alleging an unlawful and fraudulent conspiracy by which about $75,000,000 (1,500,000 shares)
of the capital stock of the Bay State Gas Co. of Delaware
was issued to Addicka without consideration. The bill prays
that the defendant Addicks make known the number of
shares of stock issued as eet forth in the bill and still in bis
possesfeion, the number in his control, the number sold by
him for value to purchasers and the amount of money re
ceived for tbem. Mr. Pepper is one of Philadelphia's lead
Ing lawyers, and as receiver of the company he is employing
every means at his command to ventilate the financial transactions in which it has been involved and, if possible, to recover something from the wreck for the benefit of the bona
:
—
—
fide security holders.
Sale. — The company's real estate in Wilmington, Del.,
was bid in at auction on Aug. 20 for $25,000 by John and
John
George J.
Jr., P. J Hearne. Frederick T. Gates,
ley. Benjamin Nlcoll. J. B. McClement, J.
F. P. Preniloe.
C. Osgood, J. A. Kebler,
E
Oonld, John D. Kockefeller
H. Harrlman, Edwin HawH. Hyde, E. W. Oglebay and
Mr. Osgood gave out the following statement
have not had time to attempt to answer or correct the numerous
statements and guesses In regard to the changes in the management
of the Colorado Fuel & Iron Company which have appeared for more
than a month past In Denver papers. There is really nothing to add
to the statement which I made at the tlm^ I resigned as Chairman of
the board of directors. The strong financl<il Interests which have acqnlred control of the stock of the company and have asBUoied Us management and who will give it the financial backing which Is necessary
I
development of Its properties, have treated me with the utmost consideration and fairness, and at no time has there been the
sllehtest friction or antagonism between myself and the new interto the full
I can state positively that It is not the desire of these Interests
to change the character of the corporstion as a distinctively Colorado
enterprise, and that the business will be managed by residents of Colests.
orado.
[
feel the
same
Interest in the success of the
company that
I
have
throughout and have never had any thought of goliig into any line of
business or engaft:lng In any enterprise antagonistic to it. So far as I
am able to do so, I shall render the new management every possible
assistance. The few officers who have resigned have done so volnntarlly and not at the request of the new interests.
John D. Rockefeller Jr. states that he will devote himself
to developing the interests of the company, and that the improvements at Pueblo will be carried out in even greater
magnitude than has been planned.
When
the organization of the
company
is
completed, two
weeks hence, the subject of a financial plan to carry out the
aforesaid improvements will be taken up. It is thought that
Hearne, formerly President of the National Tube Co.,
be elected both President and Chairman of the board of
directors of the Colorado Fuel & Iron Co., with John C. Osgood, George J. Gould, F. J, Hearne, J, D. Rockefeller Jr.
and Fred T. Gates as the executive committee.— V. 77, p. 851,
F. J.
may
198.
Dawson (Ga.) Water Worlts Co.—-Master's Decision Confirmed,— See ''State and City Department" on another page.
V. 76, p. 1195.
Uecatnr (Ala.) Land Co.— Offer to Purchase Preferred
Shares. Announcement is made by advertisement on another page that the directors have determined to devote |25,000, together with such additional sum as may then be available, for the purchase by the company of its preferred stock
at the lowest price offered, such stock to be retired and canTenders should be seat to President Albert Strauss,
celed.
Post Office Box No. 1,368, New York City, on forms to be
obtained from the Secretary, W. T. Mulligan, New Decatur,
Ala. Tenders will be opened Sept. 29, 1903. The common
stock is $645,480 preferred, $158,195 no bonds. The report
for the year ending April 1, 19J3, gives the following par-
—
—
;
;
ticulars
:
lot! were sold for $32,325, of which $11,501
The balance sheet shows no liabilities besides the
The assets Include "lands and mineral rights, $883,-
During the year 807
was paid
in cash.
capital ctock.
Improved property, $26,500 cash, iK9,66H notes receivable,
$23,1'<9; other Items, $845; surplus, f49,S76; total, $793,'^75. UurlUK the current year It is hoped to iell or lease on royalties the 2,288
acres of Iron rights In Jeflferson and Blount counties, Ala. The 18,000
acres of timber land in Wayne County, Tenn., are still held by the
company. Some parties have a project for baildlng a railroad
699
;
;
;
J
:
August
—
:
;,
THE CHRONICLE.
23, 1903.
throQRli Wayne County, whloh, If oarrlert oat. should brlnsc tli-ae lands
Into the marset. The cash aooount for the yeiar shows Beoelins from
sales, payments on note*, etc.. $25,989; taxes, saljtrte*. etc fli.ltJl
balance, $14,535; cash brought forward, $1,060; total, «iiei,585.
:
.
403
Jacob Glmbel. loaao Gimbel,
Gimbel, Charles Gimbel, DanPhiladelphia; Louis Glmbel
and Nathan Hamburger, of Milwaukee. Wis and Oaniel and Murry
Guggenheim, of New York, cousins of the Messrs. Glmbel.
iel
Gimbol. Beneiiiot
Ellis X.
Glintiel, residing In
,
Mexican Light & Power Co.— Purchase,— The syndicate
managers were recently reported to have arranged to purchase a controlling interest in the Mexican Electric Works
owned by Siemens & Halske of Berlin, for a sum stated as
}900,000 in cash and $1,200,OCO in bunds of the Power Co.
Officer a.— The oflQcers are James Ross, President; J. H.
Plummer, Toronto, First Vice-President; F. S. Pearson, New
York, Second Vice- President and Consulting Engineer; A. R.
say how luach I regret to be obliged to take ihls coarse at this time, as Doble, Secretary, Street Railway Chambers, Montreal. Mr.
I should like to do all I can to make the oouipauy a snooess, for I bePearson is consulting engineer of the Metropolitan Street Ry.
lieve It Khonld recover from all Its preliminary trouble*. Please as
The
New York offices are in the Columbia Building, No. 29
anytime
to
do
all
I can
sure the board that I am at their service at
when rf quired to assist the enterprise wlih advloeorlnany other way. Broadway.
See description in V. 76, p. 386.
Mr. Roes is said to hold little of the Steel Company's stock.
The prospects for a friendly diaeolution of the lease of the
Miami & Erie Canal Transportation Co.— /Zepor^—The
coal company are said to bavo largely diminished, and a re- receivers filed a report with the Superior Court at Cincinnati
dnction of the guaranteed dividend on the stock of the coal on Aug. 16.
company is now reported to be under consideration. V. 77,
Committee. The following Cincinnati men, it is announced,
Dominion Iron & Steel Co.— President Ross Resigns.— At
a meeting of the directors on Tuesday James Rosa resigned
as President and director. In his letter of resignation, he
says
It Is quite Impossible for me under existing relations and In view ot
the nexotlatlous koIiik on betwefU this company and the Dnuiinlon
Goal Co. to remain on the boards ot both oompHiiles, and I aocordin«ly
feel It my doty to re.-'Un my position as President and director of the
Dominion Iron & Steel Co., Limited. I would like at the ssmo time to
—
p. 852, 300.
Dnlaih Steamship Co.— Bonds.— This company has made
a first mortgage to secare $139,000 first mortgage 5 p. c. gold
bonds, dated Jane 1, 1903. These bonds are due $13,000
yearly on June 1 from 1904 to 1913, both inclnsive, but are
presumably subject to call on same basis as bonds cf Zenith
Steamship Co. described below.
Mortgage covers vessel
Sonoma, recently launched; length, 486 feet overall; beam,
50 feet.
Approximate gross tons, 4,800
contract price,
|876,0C0.
G. A, Tomlinson, President and Treasurer, Dnluth,
Minn. These bonds are offered for sale by the Detroit Trust
Co., of Detroit. Mich.
;
—
will act with representatives of the Cleveland bondholders
and stockholders as a protective or reorganization committee: Casper H. Rowe, Vice-Presldf^nt of the Mirket National
Bank; Rudolph Kleybolte, of R, Kleybolte
Co., and Attorney Drausin Wulsin.- V. 77, p. 301, 39.
&
—
National Enameling & Stamping Co. Listed.- The New
York Stock Exchange has listed $150,000 additional each of
preferred and common stock, making the aggregate listings 18,546,600 of preferred and $15,591,800 of common
stock. The additional stock now listed is for the purpose of
purchasing the entire capital stock issue of the Whittaker
Weber Manufacturing Co. of St. Louis, Mo., and the plant
&
heretofore operated by said company. An official statement
Eastern Tube Co, ZanesTllle, Ohio.— Foreclosure.— The savs
North American Trust Co. of New York, as mortgage
The amount of stock so Issued at Its par value Is eqnaled by the
market value of the capital stock of the Whittaker & Weber Manufactrustee, filed suit in the United States Court at Columbus, O,
based on Its assets and as determined by a competent
on Aug. 13, to foreclose the $1,000,000 mortgage of 1901 secur- turing Co appraisers.
The property so acquired la situated in the olty
board of
ing 25- year 6 per cent bonds of $1,000 each.— V. 76, p. 1145,
of 8t. Louis, comprising the lots known as Nos. 2, 3, 4, 9, 10, 11, 12,
,
Federal Mining & Smelting Co. Merger,— This company
has been organized under the laws of Delaware with an authorized share capital of $30,000,000, of which $80,000,000 is
preferred 7 p. c. cumulative stock and $10,000,000 common
stock; par value cf shares $100.
The present issue is $10,500,000 preferred and $5,250,000
common stock, leaving $9,500,000 preferred and $4,750,000
common ttock for future requirements.
By means of the above issues the company has acquired
control cf the Empire State Idaho Mining & Developing Co.,
the Standard Mining Co., the Mammoth Mining Co., all
lead-silver properties in Coenr d'Alene district of Idaho; also
of the Fuget Sonnd Reduction Co, at Everett, Wash,, and
the Monte Cristo Mines, Washington. The formation of the
company has been brought about by the dominant interests
in the Empire State-Idaho Mining & Developing Co,, which,
it is claimed, has been the largest producer of lead-silver ore
in the United States.
The Idaho mines are within a few miles of one another,
each being fully equipped with first-class conoentrating
mills, located on the O. R, & N. and the Northern Pacific railways. All are regular dividend payers. There is no floating
or other indebtedness.
The class of ore mined by this company is the basi? for
smelling gold and silver ores in all parts of the United
States, and the Coeur d'Alene District is the principal source
of supply. The company, we are informed, will control,
through properties already acquired, more than one-half of
the Coeur d'Alene output and approximately 30 p. c. of the
lead output of the United States. On this account, as well
as from the interests represented on its board cf directors,
it occupies a very strong position.
The Puget Sonnd Redaction Co. can handle a large proportion of the lead output. The policy of the company as to
smelters has not, however, been definitely settled. The
question whether additional smelters shall be built, and if fo,
where, has been under careful consideration and investigation for a year past, and will be decided shortly.
The Coeur d'Alene properties alone, it is stated, are earning more than enough to pay dividends on both classes of
stock.
The easing in expenses under one management, it is
statf d, will add very largely to thege earnings.
The following will serve on the board of directors :
Eugene J. Barney,
John A. Finch,
Edwin Packard,
Peter B. Bradley,
F. T. Gates,
John D. Rockefeller Jr.,
13 and 14, and being 300 feet on Second St. and 150 feet on UoOlssook
the Merchants' Terminal. On said property are located the
following buildings, composad of brick, stone aud Iron
50x150,
76x150,176x150,60x100,50x50. The property so acquired Is not
the
operation
of
the
bonds
or
the
sutieot to
trust mortgage of the
company now extant. Compare V. 76, p. 1405.
Ave and
:
Report.— See "Annual Reports" on a preceding page.— V.
76, p. 1405.
National Novelty CorporatiOD.-lfergfer.-This company,
which was incorporated in New Jersey last December, has
absorbed, or arranged to absorb, about 22 of the leading
manufactories making toys and specialties in wood and
iron in the United States. The prime mover in effecting
the combination is Nicholas H. Colwell, Geueral Manager of
the R. Bliss Manufacturing Co. of Pawtncket for the past
five years, who is also President of the new corporation. The
authorized issue of capital stock is $10,000,000, of which
$5,000,000 is 7 p. c. cumulative preferred.
The Chromcle has been favored with the following
statement:
The corporation is now the posseEsor of seventeen factories recently
acqaired. There are two others whose papers h*v6 befn executed,
bnt on account of teohnicalltles are held In escrow. There are two or
three others to be taken In later and which are now under contract.
The total assets or the National Novelty Corporation, not Including
concerns held in escrow, amount to $2,268,855; total ltablllties,$691,official
919; net assets, $1,576,936. Ot the ab >ve assets there Is merchandise
and supplies, much of which will be turned Into cash the flr«t of the
year, $746,223; cash and receivables aggregate $2^2.675; total quick
assets, $998,898; leaving net quick assets over liabilities. $306,978.
The authorized capital Is $iO,000,000, of which $5,000,000 is preferred and $5,000,000 common. The preferred stock will be Issued
only to The manufacturers or stockholders In the various properties
absorbed to the amount of their net tangible assets. The common
stock will be Issued, using the average earnings for the past four years
as a basis to an extent, which when capitalized at 6 p. c. will, in connection with the preferred stock at 7 p. c, 'yield the stockholders In the
old concern a revenue equal to what their properties have oeen earning annuaily during the past four years. How much stock will be
Issued can not be known until after all the properties are taken over.
No one receives any preferred stock except the manufacturers. None
of the manufacturers receive any portion of the purchase price of
their properties In cash. The properties have all been appraleed by
the American Appraisal Co. of Milwaukee, Wis., and the books audited
by Price, Wttterhouse & Co., and Jones, Caesar <t Co. There is absolutely no Inflailon ot any of the properties taken over, nor la there to
be any over-capitalization.
The President is Nicholas H. Colwell, Pawtuoket. R. L; Vice-President. W. E. Kidder, Kalamazoo, Mich.; Treasurer, Fred. W. Crandall,
Elkland, Pa.; Secretary and Assistant Treasurer, Edward S. Coe,
Cromwell, Conn. New York headquarters, 828-828 Broadway.
The plants (1) included in the combine, as shown by the
company's
advertisement in "Playthings" and (2) unofficWm. C. Butler,
George J. Gould,
Charles Sweeny,
ially
reported
as acquired or likely to be taken over, are
D.
C.
Warren,
Richard Wilson,
George W. Young,
Horace G. Knowles.
(1) Wllklns Toy Co, Keene, N. H.; Jones* Blxler Mfg. Co, Free*
Pa.; Kenton Hardware Mfg Co.; J. & E. Stevens Oo.»
The oflicers are: President, Chas. Sweeny; First Vice- mansViurg,
Cromwell, Conn.; Watrous Mfg. Co.. East Hampton, Conn Gong
President and Chaiiman of the executive committee, Edwin Bell Mfg. Co.; N.N. Hill Brass Co., East Han.pton. Conn.; WrightsPackard; Second Vice-President, John A. Finch; executive vi le Hardware Co.; R. Bliss Mfg. Co., Pawtncket, R. I.; A O Speare
committee, John A. Finch, F. T. Gates, Geo. J. Gould, Co., 'Gardner, Mass.; Noble & Coolev, Granville, Mass.; Thorndyke
Turning Co, Baldwinsvllle, Mass.; Whitney Reed Chair Co., LeoEdwin Packard and Chae. Sweeny.
minster, Mass.; F. W. Crandall Co.; M. Redgrave; Short Mfg. Co.,
Pa.; D. P. Clark & Co; Mason & Parker, Wlnchendon,
Glmbel Brotherp.— Jncorporafed.— The retail store busi- Northeast,
Mass.; Stowell vifg. Co.; Manistee (Mich.) Novelty Co.
ness established by Adam Gimbel in Indiana and Illiuois
(2) 8. A. Smith Co., Srattlehoro, Vt.; Gray Iron Casting Co., Mt.
sixty years ago, and now including two great stores (floor Joy, Pa.; American Rattan Co., St. Louis, Mo.; Wing Mfg. Co.,
space 10 acres and 23 acres, respectively), in Milwaukee Chicago, III Kaiamazoo Sled Co.
and Philadelphia has been incorporated under the laws of
iNfational Packing Co.— Consolidation of Car Lines.— See
Pennsylvania, with $10,000,000 authorized capital stock, of National Car Line above.— V. 76, p. 1358.
which one-half is 6 p. c. preferred. The entire iaaae of
Norcross Brothers Co., Building Contractors, Worcester,
stock 13 held by the incorporators, and none is for sale. InMass.— P^an of Reorganization.— At Boston on July 22, oa
corporators:
petition of Manchester & Hatchins of Providence, R. I.,
:
;
;
—
—
TBB CHRONICLE.
404
&
Norton of New York, the United States Circuit Conrt appointed W. D, Lney and F. D. Smith as receivUnder date of Aug. 1,
ers for the Norcro89 Brothers Co.
1908, a creditors' committf e. inclnding
FranolB H. Dewey. President Meohanloa' Natlonul Banfe, Worcester;
James P. Udmuton, Oi-hler Worcester National B^nk; NealR»ntoul,
of F. t». Mostly A Co.. Boston; Herhert J. WellB, President R. I. Hospital Trust Co., Providence, R. I.,
announced a plan of reora;anization looking to a speedy readOrlando W. Norcross,
justment of the company's affiirs,
President of the Norcross Brothers Co., has made an assignment for the benefit of his personal creditors ("who are few
and insignificsnt apart from endorsement of the company
paper and subsidiary company paper"), and for the benefit
of the creditors of the Norcross Brothers Co.. and since he
has placed at the disposal of the committee all of his personal
estate, his credit being thoroughly Intermingled with the
credit of the company, it seems equitable to consider the
estate and liabilities of Orlando W. Norcross and the estate
of the Norcross Brothers Co. as one. The committee has
therefore formulated the following plan:
ard Wells
(A) CON8TRO0TION COMPANT.
The Norcross Brothers Co., or a new corporation
to be called the
Constrnotlon Coiupttny, shall continue the business and shall retain
all pro^-erty
equipment
asse's,
In
and current
the Worcester shop,
valaed at $i,2t-5,5d7 [its indicated by an x In the balance sheet on
p»Re 899], together wUd all contracts and the goodwill of the busl
nesB. Tbe services cf O. W. Norcross will be secured for a term of
at least tlve years at a reasonable salary.
(B)
N0RCB08S FROPEBTIE8 INCOEPORATED.
All of the Other assets shuU be transferred to a Massachusetts corporation to be called the Norcross Properties Incorporated. To this
corporation will also be transferred all of the stock of the present
oorporatlon or of the aforesaid constractlon company and the Individual estate of Orlando W. Norcross, except that the home properties of the Norcross family between Claremont and May streets. In
Worcester, are to be conveyed to Mrs. Norcross In consideration of
her release of hfr dower Interest. This new corporation will issue
6-year b p. c. collateral trust bonds (subject to call at par) In denominations of $100, $5C0 and $i.OUU, to an extent approximating the
Amount of the present ubUi;atlons and debts of the Norcross Brothers
Co. and Orlando W. Nororo.-s, and a further amount (to be held in
trust) to secure the release of endorsements of Norcross Brothers Co.
and Orlando W. Norcross on paper other than their own.
The aforenald bonds. In the hands of the creditors, shall have voting
power for the purpose of electing trustees, who shall hold the stock
of the Norcross Properties Incorporated, and thus control the affairs
of the Construction Company. All dividends declared by the Construction Company, together with all the net earnings of the Norcross
Properties Incorporated and moneys received from liquidation shall
be seml-annaally used as a fund for the retirement of the bonds, the
same to be called for redemption by lot at par If not purchasable
for less.
The 80 called permanent loan, $305,000 (see balance sheet on page
899), 1« secured by a trust mortgage on the Mliford (inarry, Charles
River Stone Co. Worcester Shop Property and Norcross BrownstoneOo.
The banks holding this mortgage have voted. In the event of reorganisation, TO extend the mortgage for five years at 5 per cent and release
the maker. Holders of paper without collateral will be entitled to
receive bonds In exchange for their paper at, par. Holders of paper
with collateral will after sale of collateral and application to loan be
entitled to receive bonds for balance of par. Other creditors, including merchandise creditors, .sab-contractors, and those having or claiming ilens, shall be entitled to receive bonds to the full amount of their
claims as of July 22, 1903, or 75 p. c, la bonds and 2f> p, c. in 6 p. c.
extension notes of the Construction Company on one year's time.
Holders of obligations endorsed shall release the endorsement and at
the request of the trustees shall extend such obligation for not more
than two years; in consideration of which there will be deposited In
the hands of the trustees for the creditors an amount of the bonds
hereinbefore referred to equal in amount •'o the obligation.
The
trustees shall have the right to accept any offer to compromise said
endorsed obligations. Holders of endorsed obligations of sabsidlary
companies shall have the right of receiving therefor bonds at par.
.
Orlando
W.
Norcross in a letter dated Aug.
1
[Vol.
LXXVII,
The present management has been in control for several years.
Since organlziitlon iu 1S99, the corporation has earned and paid dividend-), aggregating $495,000, and at no time was a dividend omitted
to be paid except In the last six months ending June 30. 1903, and
this was due to strike conditions, the increased cost of fuel and depreciation in the value of manufactured materials. The volumfiof
business for the year was over $2,000,000, and yet, notwithstau ling
all the difflcultlea encountered, only showed a loss of $16,000.
It Is
fully expected that the corporation can conduct Its business snccessfully during the present year. - V^. 77, p. 302.
Tennessee Coal, Iron
—
& RR. Co.— Reduction
in Price of
Pig.
The Southern Parnace Association has made a cut of
$1 50 a ton in prices of Southern foundry and forge iron, No.
2 Southern iron being reduced to $12, Birmingham, equal to
$16 85, Pittsburgh.
Northern brands of No. 2 foundry are
being offered at $17, Pittsburgh or less. The price of pig has
been gradually receding since last March, when the quotation was $23@35 for No. 2 Northern. The "Iron Age" says:
Undue importance has been attached to the announcement that the
associated Southern furnace companies have reduced the price of No.
2 foundry from $13 50 to $12, Birmingham. As In previous redactions In the otlicial price the Hspooiated furnacemen have again merely recognized the settling of the market on the part of the independent producers. For some weeks quotations on Southern foundry
Iron hHve been based on a $12 rate. It remains to be seen whether
the otliolal price now named can be maintained or whether It will be
further reduced. The volume of business has certainly increased
heavily of late, but some of it has been placed under the rate now
named by the associated furnacemen.
Compare
also United States Steel Corporation below.
—V.
77, p. 206, 93.
—
United Brass Co. Sale. Colgate Hoyt, as trustee of the
mortgage of 1885, under which $250,000 of 6 p. c. 1,000 gold
bonds were issued, has applied to the Supreme Judicial
Court of Massachusetts for permission to sell the plant, which
he acquired at foreclosure sale, and to distribute the proceeds to the bondholders. A hearing on the application will
be held in Northampton, Mass., on Aug. 31. The company
was a New York corporation, but the plant is at Williamsburg, Hampshire Co., Mass.
United Fralt Co. Damage Exaggerated.— HaM advices
from Port Antonio indicate that the hurricane did far less
damage to the buildings of the United Fruit Co. than was
The hotel, office building and electric light
first reported.
plant were, it is said, only slightly damaged. V. 77, p.
sf
—
353, 41.
United States Cotton Dnck forporatlon.— The directors
of the Mount Vernon -Woodberry Cotton Duck Co. on Aug.
14 decided that there are no earnings properly applicable to
the payment of interest due July 1 upon the Income bonds of
the company.
The earnings of the Mount Vernon- Woodberry Company
for the half-year ended June 30, 1903 and 1902, compare as
follows:
MX. VKBNON-WOODBBEBY— HALF-TEAB ENDED JUNE 30.
Qrost
Net
Current int. Repairs, Int. on Balance,
Istmort. $urplu$.
year,
income.
income. <£ gen'l exp.
ele.
190J ..$3,581,010 $453,513 $166,090 $49 012 $175,000 $78,381
Half
1802
3,970,564
..
561,492
120,164
103.000
175,000
163,328
United States Cotton Duck Corporation for the six months ended Jnne 30, 1903, compare with
those for the entire calendar year 1902 as follows:
UNITED STATES COTTON DUCK CORPOBATION.
The earnings
of the
—
Period covered
1903
1902
(6
months)
(year)
OrosM
income.
Total
net income,
$1,500,025
2,795,230
$141,190
x245,267
ct
Interest
Balance,
gen'l exps, surplus.
$5o,3'28
$»0,86a
101,278
143,989
says:
my
If a plan of reorganization satisfactory to
creditors be put In
force, I will contract to serve in the capacity of General Manager for
snoh a period of time and at f>ach salary as may seem reasonable. An
examination of my boobs for the last twenty two years will show
that the gross earniogs have been $4,497,487, which sum represents a
great of 9*2 per cent on the business done. The contracts now on
and in their present state of completion amount to $6,670,000. Ap
plying this per cent to this business will show a profit of over $600,000,
which can be realized by the completion of the contracts.
Panama Canal Co.— Treaty.— The proposed treaty of the
United States with Colombia regarding the construction of
the Panama Canal has been rejected unanimously by the
Colombian Senate, but with a view, it is understood, to making amendments which it is hoped may be acceptable to the
United States. The lower house is understood to be in favor
of the treaty.— V. 76, p. 658.
Han Francfgco Gas & Electric Co.— Meeting.— The shareholders will meet Oct. 22, 19( 3, to authorize the $10,000,000
mortgage described in V. 77, p. 254, 93,
Stractaral Sti?el Car Co.— Statement, A statement has
been filed with the Conrt showing:
Liabilities— Taxes, $71; sennred claims, $44,554; nnseoored claims,
—
925,341; notes, $600; total. $70,566.
Assets— Real estate, $96,957; each $35; bills, $l,0.'i0; machinery and
tools, $71,930; aocounts, $J7,790; total, $207,762. -V, 77. p. 93.
Mafqaehanna Iron & Hteel Co.— Application for a BeJohn Q. Denny, who owns 20,000 shares of
the stock and was once General Manager of the company,
ceiver.- Director
a bill in equity at Lancaster, Pa., on Aug. 14, asbing
for a receiver for the company on the ground of mismanagement, The company's answer, filed on Aug. 19, says in part:
This corporation owed June 30, 1903, $277,064 accounts payable,
and had, to meet and pay these, quick assets aggregating $621,078,
iz cash, $7,034; accounts recelvaDle, $l86,2t>4; qniok assets and
filed
,
mercliandlse, $427,«.'-o. The corporation also owns ihft st^yen plants
named in the bill rf complaint, ihn atrgr^gate value of which is $1,138.
253, and the pipe mill and n achlce nhop, valued at $2*0 000,
making a total $1,388. V:5i, npon which there Is no enoariihrance except a mortgage of $300,000, eecuiiog the payment of $.i00,000 of the
bonds uf the company; bat only $258,000 of these were Issued on
June 30. 1903.
X After deducting $69,200 for repairs and renewals.
The combined surplus of the companies for the
first half of
Prospects are reported brighter. Profits
were reduced during the last six months by the high prices
The prices of the products of the company have
of cotton.
been advanced, and sales are now made on the bas's of cur-
1903
is
$164,248.
rent prices for raw material. New business, of course, on
the advanced basis is somewhat restricted and will be until
the prices for the next year's raw material are established.
V. 77, p. 302, 150.
United States tilass Co. fiead/us^mcnf.— President Daniel
C. Ripley in his annual report says:
At a special meeting of the stockholders, called for the parpose, we
shall ask for the ratlticatlon of a resolution adopted by your board of
airectors reducing the oaiiital stock of the company from $i, 118, 100
and the issue of $5 0,000 first mortgage 5 per cent
to $3,200,0(
bonds to replace the 8 per cent preferred stock and its unpaid divldenfls. About 90 per cent, of our preferred stockholders have
signed to accept the bonds, and we have no doubt that the balance
will accept, as the proposition Is a fair an 1 equltablrt one.
The Pittsburgh "Dispatch" adds the following:
Only $690,000 of the preferred stock was issued, and of this all
but about *»50. COO is understood t have been retired by the company, which can redeem lie stock at $110 per $100 share. A good
deal of the common stock has also been retired. The i)lan is to exchange the proposed bouiN for the outstanding preferrfd stock and
its 56 p. c, of back dividends, distributing the payment of the dividends over a period of about five years.
Report. The profits for the late fiscal year are Ptat^d as
§251.971 (contrasting, it is understood, with $106,000 in 190102), being more than 7 per cent on the proposed $3,200,000
capital after the payment of 5 per cent interest on the proposed half million of bonds. The sales increased lOJ^ per
cent over 1902, All the plants ar^ running day and night.
A new tank furnace is being erected at Gas City, Ind., and
The London and
will increase the oatput thera 25 per cent.
Australian c ffices show increased business, and are on a pay-
—
)
i
—
ing basis
-V.
75, p. 687.
United States Shipballding Co.— To Foreclose Collateral
Mortgage.— Suit was begun in the United States Circuit Court
:
August
THE OHRONICLB.
22, 1903.]
at Newark, N. J., on Ang. 17, by the New York S-^cnrity &
Trust Co., as mortgage trustee, to foreclose the $10,000,000
mortgage of 1903. This mortgage has a second lien on all
the properties of the Shipbuildiog Company and a first lien
The
on the capital stock of the Bethlehem Steel Co.
suit in in accordance with the plans of the reorganization
committee. The receiver and the committee whicb sought
hie appointment are opposed to foreclosure.
Construction,— The Navy Department has stated that when
the Crescent Shipbuilding Co. demonstrates its realiness to
resume work, the order to remove the Government vessels
from the yards will be reconsidered,— V. 77, p. 355. 255.
United States Steel Corporatlou.— 0?i(/oofc.— The reduction in the price of Southern pie iron is referred to under
RR. Co." The "Iron Age"
caption "Tennessee Coal, Iron
&
says
:
OfflcUlB of the United Staten Steel Corporation take a hopeful view
of the eituatlon. They state that the sabsidlary oompanleB now have
as larfre » tonnaxe on their boohs ae at the oorreaponrtlng time last
year. The oimctitlm of i lie tube, tlo plate and wire tri»d08 Is eepeolally Rood. The National Tube no. was never so or<iwiled with work
as at present. The ol islufc of some depaituients at the Homesteai
works of the CarneKle Steel Co. is ane to the pressing neoesslty for
repairs, as these departmenis li*ve been operared to their utmost for
more than two years. The sheet trade has for some time been less
more sheet mills are now idle than usnal
active, but It Is stated that
at this season In ordinary years. The structural trade Is lli;hter than
dnrlDR the sprlni; months, mainly on aoooiintof strikes In the building
trades. The corporation Is not negotiating for Bessemer pig iron,
•na no purchases will be made for some time.
m
See also remarks in article on "Easiness Indications,"
page 873.
Ore Acquisition, What is described as "the last really
large and important single block of Mesaba ore that was for
sale" has br^en acquired by the United States Steel Corporation through the purchase of the entire holdings of the Chemung Iron Co. of Daluth. These holdings include, it is
stated, "11 more or less fully developed and as yet entirely
nnmined tracts, in all about 70,000,000 tons of ore of excellent quality, much of it a high-grade Bessemer, much of it
cheaply mined and readily reducible " The lands are mostly
leased properties on a basis of 25 cents a ton royalty.
Regarding the still unsold Mesaba ore properties, the
Duluth correspondent of the " Age" says
—
:
Developed ore bodies of as high as 4,000,000 or .'i.OOO.OOO tons each,
and of varying grades and physical eharaoteristics, are now to be had
on the Mesaba ranee. Doubtless many more are to be found later.
Bat these all combined are not luiee when compared to gome of the
Steel Corporation's great mines. There can to day be found, on thd
Meseba range alone explored depoblts covering colleotlvelv possibly
20,0-0.000 tone, all of which might be sold. Some are high-grade
Bessemer, some very cheaply mined, and nearly all without restrictions as to trafllo, etc. But these properties are not pressing on the
market, and are not held en bloc, as were the great holdings just sold.
—V. 77, p. 355, 302.
Tlrginla-CarollnaCIiemical Co.— Common Stock Dividends
Suspayiaed — Ufflctal Circular. The directors on Taesday
decided not to pay the usual 'dividend on the common stock.
—
They
issue the following statement to the stockholders:
of directors desire to say that for the year ending June
15, 1903, the company actually sold and delivered 982.000 tons of fertilizer, beluK an increase of 26 p. o. over Its bnsiaess of the preceding
year. In addition to ihls, it manatactniod 100.000 tons more of completed fertilizer, which It was nnabie to deliver because the railroads
oonld not furnish the trausportatlon. Ihls large Increase In business
neoesaarlly Invo ved the use of more capital daring the period between
the sale and delivery of the fertilizer and the payment therefor by
oastomers. This additional capital has heretofore been easily obcained
throngh the discounting of the oompanys' bills receivable, of which,
on July 15. 190 ^, the company had on hand over $6,000,000, averaging about $1,000 each, and over $2,000,000 of accounts recelvaole,
convertible Into bills. These bills have always been considered the
choicest paper issued in the South, and as such have been readily available for current funds
In the unusual financial sltnailon which existed this year this course of baslness became impracticable, and it was
accordingly necessary that yonr company should provide itself with
sufficient additional cash ca dtal to carry Its business over to the fall
months, when Us bills receivable are collected.
Your company therefore applied to J. P. Moi gan & Co. of New York,
who have or>ianized a syndicate, including Messrs. Blair & Co., the
First National Bank, the National City Bank, the Morton Trust Co.,
the Notional Park Bank and the Bank of America, to advance to the
company, from time to time, daring the next twelve months, as required, amounts which totjether with Its other resources your directors deem will be ampiy sufficient for aU your company's needs. 8aoh
advance will be mane upon the unsecured notes of your company,
leaving yonr company's assets in Its treasury free for use In its current business, as heretofore, tans indicating the high credit which it
enjoys among the leading bankers. Although the company now has
Siore thin $<. 500,000 cash working capital, the business offering each
year has lncrea«ed to such an extent that yonr directors deem it essential that some plan should be devised for the permanent provision
of additional cash working capital, so that the necessity for borrowing
so large an amount of money during certain months of the year may
be avoided It is expected that, through the co operation of the bankers
above mentioned, some adequate plan will be devised at an early date
to accomplish this purpose. In the meantime. nntU such permanent
arrangement shall have been completed, your directors have thought
it best to suspend the payment of the dividend uoon the common
Your board
Btook.
W. B. Chlsholm of Charleston, S. C, and F. B. Dancy
have been succeeded as directors by Edward T. Stotesbury
of the firm of Drexel & Co. of Philadelphia and Norman S.
Meldrum, President of the Securities Company of New York,
E. T. Sto»^esbury, Samuel Spencer and Henry Walters form
the new fioance committee.— V. 77, p, 335, 302.
Wabash (lad.) Bridge & Iron Co.— Assignment.— This
company m>id^ an assignment on Aug. 19. Liabilities stated
as $200,000.
—Volume
^Ixc
of the
Canadian "Annual Financial Re-
view," containing a "carefully revised precis of fac's regarding Canadian securities," has been compiled bv W. R. Houston,
and can be obtained at No. 22 St. John St., Montreal.
(Ki:ininijcrx:ial
^imjcs*
COMMERCIAL EPITOME.
Friday Night. August
The near approach
of the fall season
is
21,
1908.
rtfleoted in increas-
ing activity in many lines of merchandise.
Contracts are
being more freely made against prospective requirements
for the coming season, and in some lines the movement of
goods into the hands of the consutner is getting under way.
Railroads generally have been reporting a heavy trafiflc in
merchandise. During the week the Southern f arnace companies lowered their prices for pig iron to actual market values, and it is understood that on the new basis buyers have
shown a willingness to operate more freely. In the specalative markets prices for grain have shown a reactionary
tendency, based on improved crop accounts. Specalation in
cotton has been quiet, with the bull cliqae in control of the
market. Crop prospects have continued favorable.
Lard on the spot has had only a small sale in the local
market, buyers generally being indifferent. Offerings were
moderately free and prices have sagged. The close was more
active and higher at 7'85o. for prime Western and 6*75@7c.
for prime City. The demand for refined lard has been without spirit and prices have declined, but rallied at the close
to 8'lOc. for refined for the Continent. Speculation in lard
The feature
for future delivery has been moderately active.
has been selling to liquidate long accounts, prompted by full
receipts of hogs. The close was more active and higher.
Packers were buyers.
DAILY OLOBinO PBIOBB OT LABD rUTDBBS tH OHIOAOO.
Sat.
Moti
Tuet.
Wed.
Thurt,
fri.
7-87J«
7-82ia
7-80
8-00
8-20
September del'v.. 795
7-42i«
7-65
7-52»«
tqq
7-67ia
October del'y
7-67»a
Pork has had only a small jobbing sale locally and prices
have favored buyers, closing at $15(§15 50 for mess, $14 25@
Cut17 25 for short clear and $L7 5()@18 00 for family.
meats have been irregular, closing at 6@6^c for pickled
shoulders, \'i}(@\2%o. for pickled hams and 8^(310^0. for
Beef has been in fair
pickled bellies, 14@10 lbs. average.
demand and firm, closing at $8 50@9 00 for meag, $9 50@10 50
for packet, |10@11 for family and $13 5fl@i5 00 for extra
India mess in tcs. Tallow has been in better demand and prices
have advanced to 4%c. Stearines have been quiet and uncbanged at 9c. for lard stearine and 73^c. for oleo stearine. Cotton seed oil has been firmer, closing at 4lJ^@42c, for primd
yellow. Butter has been in fair demand and steady, closing at
Ctieese has been in better de15@l9}^c, for creamery.
mand, closing firm at 8?^@10i^c, for State factory,
Fresh eggs have be«n fairly active and firm
full cream.
for choice grades, closing at 193^@20c. for best Western.
Brazil grades of coffee have been quiet, complaint being
general of an unsatisfactory trade demand. The crop movement has been heavy and prices have shown a tendency to
sag, closing at 53^c. lor Rio No. 7 and 5^c. for Santos No. 4.
The demand for West India growths has oeenqaiet, and with
offerings fairly free prices for mD8t grades have been barely
maintained, closing at 7^o. for good Cacuta. Speculation
in the market for contraots has bem quiet.
The outside Investment demand has subsided, and under limited offerings
prices have weakened slightly, The close was quiet.
Following are the closing asked prices
3-800. Nov
4000. Feb
Angast
^... 4-65e.
8epi
Oct
Raw
^..
3'80o.
Uec.......^..^ I'^So.
Jan
sugars have been in fair
3900.
4'55o,
March
May
4-700.
4'85fl.
demand and
firmer, closing
at 3 13 16o. for centrifugal, 96-deg. test, and 3 5-16c. for
muscovado, 89-deg, test. Refined sugar has been in fair demand at unchanged prices, closing at 5@5 15c. for granulated.
Spices have been quiet but steady. The demand for
tea has been limited,
Kentucky tobacco received a fair amount of attention from
both the home trade and exporters and the sales made have
been at firm prices. Seed leaf tobacco has been in good demand and prices for some grades have shown an advancing
tendency. Supplies of good tobacco are expected to be
limited. Sales for the week include 3,000 cases 1902 Connecticut Havana seed and broad leaf. Sumatra tobacco has been
quiet.
Havana tobacco has been in fair demand and firm.
Business in the market for Straits tin has continued limited and prices have weakened slightly, closing at 2S'37}4@
Ingot copper has been in moderate demand and
28'623>ic.
Lead lias been
firmer, closing at 1375@13'87J^c for Lake
firm, closing at 4'25c. for L%Ke. Spelter has held steady
at 6c.
Pig iron has been in moderate demand ani steady at
|17 50@18 for No. 1 Northern.
Refioed petroleum has been firm, closing at 8'55c, in bbls.,
Niphcha, his been un10*50e, in cases and 5 65j. in balu.
changed at 12'40e. Credit balances have been steaiy, closing
at $1 56.
III.
405
Spirits turpentine declined eary in tfcie week, but
Roains have been in moderat e de-
closed steady at 56@563^c,
mand and firmer, closing
stained.
at|l95@i forcommm and good
Hops have been firm but quiet. Wool has had a
moderate sale at firm
prices.
.
.
THE CHRONICLE.
406
COTTON.
Fbidat Niqht. August
The Movement of the Crop
31, 1903.
as indioated by our telegrams
from the South
to-night, is given below. For the week ending
evening the total reoeipti have reached 2,031 baiet-.
against 1.113 bales lait week and 1,599 balet the previous
week, making the total reoeipts slnoe the lat of Sept., 1902,
7,6S9,46i bales, against 7,483,636 bales for the same period o^
1901-3, showing an inoreaae slnoe Sep. 1,1908, of 150,836 balsa.
this
Mutipu tu-
AU.
BalTMtOB.
133
405
6
48
63
89
600
New
2
17
ObailMton
6
28
28
1
161
294
......
•••••
«•
83
22
65
•>•
nVt «ewi. *e
294
ten York....
BMtOB.^^^.
•sasa*
113
62
100
85
273
226
was
BalUmor*
rkUa<l«r», *e
10
week
Tot. tkli
1
530
148
107
20
298
195
298
195
737
2.021
The following shows the week's total
1,
1903,
reoeipts, the total since
the stocks to-night, compared with last year,
and
1901-02.
1908-OS.
MeM*ipU tt
Aug. 21.
16,605 2,055,016
94,761
2,684 2,262,674
194 164.176
226,861
2,409 1,138,798
140,267
784 267,539
1,677
190 278,078
2,021 7,639,462
24,692 7,488,636
8ab.F.,*e.
Orleaiu
Mobile
•w
P'MMOlk,A0.
•van nail...
Br'wiok, *e.
Okafleeton..
P.B07al,*e.
Wilmington.
Waak'n, *o.
oifolk
trportN.,*o
York...
BoetOB . ....
Baltimore .
rkuadei,*e.
.
Total!
WMk.
1.067
882
458,678
418
120
47
86
108
39,335
113,348
119,972
101,102
86,078
1802
1908.
885
14,906
17,654
53
36,144
3,118
2.890
7,464
129
302
207
689
81
2.055
164.350
282
766
7T,825
1,977
4,800
2,189
180.887
149.968
3,600
made with
In order that comparison may be
the totals at leading ports for six seasons,
other years,
we give below
Btetipli at—
1902.
1903.
«alTes'B,*e.
Orleans
172
690
16,605
2,66t
72
6
28
161
294
688
2,021
ew
MobUe
•avannah...
Okaeton, *e.
Wllmton,*«
Norfolk
n. News, *e.
^lotkers...
loi.tklawk.
Inee
Sept.
i
1899
X900.
1901.
8,232
6,146
1,693
2,S93
194
20
2,409
1,266
12
188
817
448
73
214
172
784
190
1,468
418
361
1,004
~24692
17,281
7689.462 7488.636
7.'>52.647
366
54
8,086
1,286
1,788
568
17
1,516
1,617
1,976
3,558
8,116
28,795
20.878
654».143 8449.012 8-^48 471
The export* for the week ending this evening reach a total
Of 6,166 balee, of which 8,636 were to Great Britain, 155
Below
to France and 1,335 to the rest of the Continent,
are the erports for the week and since Sept. 1, 1902.
Ma>p»rU
*r»m
from a«vU
W»4k BruUnt Aug. 81 .1908.
JShsvorttd to—
tr»mt
#r«M<
flrtt'w.
tUM.
Wt*k. Britmin.
1,826
S.63}
MobUe
PaosacoU
BaTann&li.....
Braniwlok....
Clurleston....
Port Boy»l....
N..
Ac.
2.206
Borton
Baltimore
PklUdelpbU..
104
rrac*«_
7
San
ToUl
Total 1001-02.
156
2.861
100
60
zot
9»
7
8.626
166
1,886
4,016
1.848
17.801
9,16}
11,444
860.e9^
148.139
71.53«
46.877
86.804
21, 1908.
Xttai
681.9S0 1.638.415
76.781
118,889
794,811 8.111,663
66.476
104,618
68,861
144,788
753.456 999.961
113.57H
6.860
88,588
104.088
3.343
187.624
821.668
18.485
14.084
41.Z4fl
995
760
312,216
bja^s
87.009
18.159
17,659
6.000
8.0^
128,859
1,423
16,231
125
760
2,890
York
Other ports
2,000
129
68
81
162.860
8,000
4.845
.
Total 1903.
2,571
Total 1902.
Total 1901.
9,729
2,7->5
598
821 2.715
1,540 12.781
254
125
3.548
177.839
6.628
9,336
873
6.686
20.666
31,968
129.302
224,791
Speculation in cotton for future delivery has been quiet,
business being congaed almost exclusively to traders on the
Exchange. Outsiders have continued to hold aloof and the
indications are that they will not resume active trading until after the
market has passed out of control of
the
bull clique.
The immediate statistical position
of
cotton has
continued unchanged.
On the other
hand,
however,
demand
has
been
at
a
mimimum, spinners generally showing a disposition to hold
aloof from the market as buyers; consequently it is the be*
lief of the majority of the trade that present holders of cotton are disposing of comparatively little of their stock. The
private advices received from the South have reported, with
few exceptions, the crop making unusually satisfactory
progress for the season of the year.
few bales of newcrop cotton have come 'iato sight" during the week. Wellinformed interests are of the opinion that they will be able
to obtain a limited amount of new cotton during the coming
week, and that thereafter the movement of the crop will
rapidly increase. To-day there wag a quiet, narrow market.
The feature was the selling at about noon of 6,003 bales
of August contracts understood to be against cotton received
from Europe. Prices yielded slightly. The buying was done
by the bull clique. During the late trading there developed
slightly free buying, and prices advanced, closing 6@16 points
up for the day, exclusive of August, which was 1 point lower.
Cotton on the epot has been quiet but steady at 12 75c. for
middling uplands.
The rates on and off middling, as established Nov. 20, 1902,
oy the Revision Committee, at which grades other th«n
niddllng may be delivered on oontraot, are as follows.
Pair
.-..c. 1-30 on
Good OllddlinK Tinged ..o. Even
Middling Falr.....„
0-96 on Strict Good Mid. Tinged.. 0-80 OB
itrlot Oood Middling...... 0-62 on
0-06 ofl
Strlot MlddUug Tinged
0-44 on SUddUng Tinged
aood Silddllng
Oil Ofl
MlddUng
Low Middllnj
Strict Oood Ordinary
Low Mid. Tinged... 0*84 ofl
0-60 ofl
Middling Stained
Strict Low Mid. Stained... 1*06 ofl
1-60 ofl
Low Middling Stained
On this basil the offiolalprloes for a few of the grades for
the past week— Aug. 15 to Aug. 21— would be as follows.
0-14 ofl
0-88 Off
0*72 off
Slood Ordinary..^ ........ 1-00 off
itrlot Lo-w
Strlot
BKon Tnea
Sat.
lood Ordinary. ~~ ........
fiddling
»ood Middling..^
Wed
11-75 11-76 11-75 1175
12-37 12-37 12-37 1237
12 75 12 -76 1275 12 7/S
lal9 1319 id 19 1319
13-71 13-71 13 71 13 71
.low MlddUng..........
....
fiddling fair
UULf.
men Taes
Sat.
l¥ed
Til.
Frl.
11 75 11-76
12-37 12-87
12 75 12-75
13 19 13-19
13-71 1871
Til.
Frl.
1200 1200 1200 12 00 1200 12-00
*ood Ordinary..................
.ow Middling.... ...... .... ... 12-62 l"2-62 11162 12 62 12-62 12-68
...... ...... ...... 1300 130O 13-00 13 00 1300 13 00
fiddling
......... 1^-44 ld-44 Id 44 13 44 la 44 13-44
»ood Middling...
fiddling Fair
SlAlKKii.
1396
13'98 33-96
Sat.
BEou Tues
3-96 13-9tf
Wed
11-30 11-30 11 30 11-30
.....
iOw Middling
12 30 12-30 1230 12-30
fiddling.
J,,
Urlot Low Middling Tinged... 12 46 12-46 12 46 12-46
1275 12-76 12-75 12-76
»rtod Middling Tinged
,..,
Til.
1396
Frl.
11-80 11-30
12 30 12-30
12-46 12 46
12-76 12-76
for middling upland at New York OB
each of the past 82 years have been as follows.
1879. ...oll\
1887. ...C, 9h
1896....0 788
1903. ...0,12-75
The quotations
Aug.
31 for
12
1878
1877......11%
12»8
1876
10
14>8
1876
eSts
1678
1883
iShe 1874
5'8
19''8
12'«
1878
1881
18!^7
7'8
1889
217,
lOBg
1115,8 1872
1880
1888...^
808
1896
Note.— On Oct. 1, 1874, grades of cotton as quoted were changed.
According to the new claseifloation Middling was on that day quoted
380. lower than Middling of the old ola<<Bltioatlon.
MARKET AND SALES.
1902
1901
1900
1899
1898
9
..
83i8
1894
1893
1892
6l5ie
714
73,6
1891..«... 7iti8
1890.
..11 \
.
1886
e^ie
1886......105,e
1884
10^1
10i«
1888
im
'
....
183.708
18,727
••••••
New Tork
064,664 862.738
49.143
69.039 12.488
195.941 60,S61
106,719
16.560
••••••
WUmlncton...
Norfolk.
0«iit<.
M«nt.
685,498 888.997
87.106
1,809
UAUQ
SXVOTttd to—
X«U1
Ac
Wport
1902,
9rtt Wr*%*t
Otnti-
G&lTeston
B«b. Pus.
New Orleana..
1,
254
126
UIPLAJNUB.
10.387
2,550
123
669
143
1,067
1898
14.638
6,763
598
A
Mtotk.
Mine»M»p.
1, 1901.
This
172 2,092.337
154,105
600 2.308,670
214,967
156.038
72 1,297,257
130,622
6 209,706
837
28 329.696
387
161 609 330
25,455
294
86.633
195
98,889
298
47,750
195
27,277
«alT«atoii...
Hew
MiHa»a*p.
1, 1908.
Ihit
t»Mk.
671
ttoek.
Total.
Mobile
Norfolk
72
63
5
WMll'tOIl,*C
nortolk
New
172
•••a
M—..
litaving
Brtat
BerOther Ooa$tBritain Wr'ntt many. For'gn ieite.
6
PaiuMola. *e
ri. Bo7al,*9
mimlngtOB...
ON SHIPBOAKO, HOT OLBABBD VOBAug. 81 at—
1
loiai
liobU«
•Taiiaali...^.
BrTiiitw'k,*e
We
2
25
jm.
Ikurt.
LXXVli,
[Vol.
In Addition to above exports, oar telegrams to-uight also
give as the following amounts of cotton on shipboard, not
cleared at the ports named.
add similar figures for
New York, whloh are prepared for our special use by Messrs.
Limbert ft Barrows. Produoe Exchange Building,
Orleans.
Galveston.. ..
8»vannali.. ..
Cuarleston ...
W«d.
ftMf.
Jfoit
a«b. PaM, Afi
llt-w Orleaa*.
Sept.
..
SPOT MaBKDT
Olo«bd.
Pdtubbs
BlABKBZ
Closbd.
lALBB or Spot
A Oohtbaot
Mlz-
<7on-
Oon-
90^1.
lump
tract
totat.
490,617
150.S22
113.546
48.363
194,062
788,188 8.061.828 6.676.063
84.090 8.029.647 719.881 8,820,264 6,699,638
61
3,000 4,213
100 10,466
Wednesday
Dull....
L)nU...,
Thursday.
.jalet...
DuU
61
118
8,3^6
929
135
Plrm
8,908
1,600 10.608
3,100 18.498
6.200 26,798
Saturday .. onll....
Monday.... 'Steady
Tuesday ... Dull....
Friday.... dteady
Total
jteady
steady
Very steady
1,100
2,000
500
926
686
«
A€QUST
V
c
'
THE OH&ON1GL£.
23, 1903.
FUTUBES.—Highest, lowest and
cloaing prices at
New
York.
407
At the INTKBIOR TOWNS
the
—
movement that
Is
the receipts
week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
for the
—
oorresponding period of 1901-02
8S3BS.
?i
set out in detail below.
is
agB»2.B
^^
rB
•-a> o
a»-
§
H
• iMc;
o
-bo
Si
o>;
bj.
oo
I
I
I
I
I
I
I
>ja
I
ODQO
I
«
I
•
I
I
4
a
I
00 «D
I
I
I
I
I
i
•
I
I
I
I
I
I
•
I
I
i
d
I
I
I
I
I
I
I
I
I
O0>4
-JO
CCCD
coco
ob-i
CCD
oa
o
I
9
I
I
CD
I
I
I
(SO
I
I*
I
I
I
•
I
I
I
I
I
9
oo
ooo o
a
I
CO QO
I
I
I
I
I
I
I
I
I
I
I
«
I
I
I
I
I
ooo
coo
'
00
CO
a
1
coco
•oo
'
coco
a
I
CO CO
oo
oooo
ooco
OM
COO
a
I
a
CD CO
coco
cc>j
a
I
OCOD
I
I
I
I
I
I
00
COCD
ocoo
ccto
CO
«i
00
vco
ooo
ooo
coco
I
'
aid
CDS
oo
00
oo o
I
oob
ooo
00 00
coco
dbo
I
o
9
coo
coo
ODM
oo
oo
(0 03
I
d
CO
oco
oco
OpO
6«
a>ao
«OCD
ooob
OO
OO
I
ooo
I
I
'
I
•
II
I
«
I
i
19
I
a
CD
CD
II
a
CD
05
o
a
i
a
00
I
•
a
o
a
'
o
A.
MB
ao«
:
;
a
Ce>
«
CO'
9
en
a
o
HoekatHamborg...^..^^
took at Bremen
„....^
Btoek at Amater dam
..^«i
toek at Botterdam
Itoek at Antwerp
.^..
toek at Havre
«.«.
..^
toek at MarBelllea..^
toek at Baroelona
^
^
^
84 000
a
'
I
M
o
b)
1900.
11,000
19,000
12,000
80 000
14 000
9 000
000
65 000
200
3 000
93 000
S.OOO
24 000
21 ooO
15 000
8,000
8IOO0
3
81
19
6
000
000
000
OoO
200
Amtrttan—
198.000 387,000 335 000 217 ooo
.„_ 163.000 185 000 173,000 199 Ouo
60 000 lio.ooo
58 000
American afloat for Europe...
24.000
85 178
United States stock
180,887 149 968 2S6.759
44.9d4
5».4.'i4
139.301
13.173
United States Interior stocks.
1.5^3
4 205
3 3i2
3 66
United Statesexporteto-day.
TotalAmerloan
«.„ 580,583 841.627 1,017,372 607,767
Jcut Indian, Brcuil, ile.—
89 000
89,000 111.000
Ltrerpool 8tock..„„ ..... .....
92 000
11000
21000
10,000
18 000
London stock.._ ............_
31 200
70.200
50.000
Oontlnental stocks
83 000
.........
JO
SO.OuO
33,0
36.000
98 000
India afloat for Europe ......
Ifi.OOO
11.0 lO
14 000
gypt, Braill, Ac. , afloat. . ..^ 18,000
42.000
67 000
45 000
BtSNBk in Alexandria, Egypt...
5 000
Btaak in Bombay, India...... 436.000 844 000 391 000 869 000
Total Bast India, *««...._" 745,000 593.000 701,200 486 i'<0
Total American........... 580,583 84l,«27 1,017,372 607.767
Total TlSiblesapply. ....1,325,583 1,434,6^7 l,718,,^72 1,093,967
fiddling Upland. Liverpool..
5iiisd.
4''Hd
42732d.
e-70d
fiddling Upland. New York.. 12*75o
8333.
9>«io.
t^o.
eijd.
Egypt Obod Brown, Liverpool S^ha^TiSied.
Ciied.
Pamr. Bough Qood, Liverpool
7d.
9'Ood.
7d.
I'^ia^
Broach rine, Liverpool......
s'sd.
49ied.
69, ed
47, ed.
ClnneveUy Good. Liverpool...
4siid.
438d.
S^ied.
49i8d.
Uverpoolstook..^...^ bales.
Continental stocks
.
been 18,000 talea
ftgares for 1903 show a decrease from last week
of 185.533 bales, a loss of 109,044 bales from 902, a decrease of
392,989 bales from 1901 and a gain of 231,616 bales over 1900.
Tbp
\
M
MC;"
col
cnoDo-'
M>->
M
M— CO
aMOMOooo
coa aaco!
a
ODM- oai«^cnao<eaaioaooi^uOi^
ll^
•
COM
;
I*
M
:
•
ocom;
I^OM
tOU
tc i»
M>
M »
rcrrcjco;
;
r
r:
.^:
to;
^-m;
©; m; oMa
m; ccoco.
o<; oi oou30«o
M' o. MoaeoMCo- oao:
i^co»>a
O
aoM!
•
COOaCPOM
i^O"M
oo<ck
ODOOX
MOM aM' «eoM
i^ooocDMcacxa eti^a
accocnMtocof a »' Moco
CO
CO
^l-t
oeovicBCOaM— m oc <w h- ^a m oo
Ma' oi^coMM
M^; aOOMCXM; OCOOi^MODCOM OOCOOacOMMOOOMQO M W
CKO ooacEMGD, oi^acoocooa o<cooi^if>.Mu.iCkOooKkto M «•
The above totala snow that the interior stocks have decreased during the week 1,310 bales, and are to-night 43,281
bales less than same period last year. The receipts at all the
towns have been 25,887 bales less than same week last year.
Overland Movement foe the Week and Since Sept. 1.—
We give below a atatemem ehowlag tiio over Ian o luyvemeiit
for the week and since Sept. 1, as made op from telegraphic
reports Friday night.
The resnits for the week endln^r
Ang. 31 and qinne 8ept, 1 in the last two years are as follows,
itk
190&-03.
1901-02
August 21.
Minti
Wt*k
Wtek.
200
ftoek at Oenoa..^
BtookatTrleate....^^
Total Oontlnental atoeka.. 246 000 235.000 223 2'>0 330
Tetal European BtoekB..^ 554,000 73/.i00 699 300 547 .<<oo
33 000
India eotton afloat for Europe
30 0u0
36 000
98 000
58 000
Amer. cotton afloat for E'r ope.
24.000
60,000 110 ooo
ll.ooo
14 000
16 000
iiypt.BraEU,dM.,aflt.forE'pe
13,000
42 000
BtMkln Alexandria, Egypt...
45,000
67 000
5.000
34t
Bombay,
coO
391000
269.000
436 000
BtMk In
India
85 73
Btoek in United States ports.. 180 8S7 149.96? 2.'>6.75t^
44.934
55.454 139 301
Btoek In D.B. Interior towns..
13,173
4.2o5
3,3 12
3 66
1,523
United States exports to-day. .
Total Tlalbleiapply .....^1,325,583 1,434,627 1.718 572 1.093,967
Of tke abeTe, totala of American and otner descriptions are as loUows;
past week have
W" Continentallmports
above
M*^;
M^—
MaOMMO
•
806 000
ii ooo
317 000
18 000
69 000
19 000
.":
MO
1901.
4^ti
M
«
446.000
lo.ooo
000
3
M
o»
;
1902.
8.000
88 000
2 000
4.000
79,000
OO
o!
oooo>o>
co;
'OO-
*> M' a<OC0
QO
m: 009 — «-• o c^a*
CO
» =>«^MMO«>-OC70l«e
;
476 000
—
M»< MCxa* MM-
M
oi
00
|»?
oable and telegraph, 1b as followB, Foreign stocks, as wel
as the afloat, are this week's retams, and oonseqnentiy ai)
foreign figures are brought down to Thursday evening
But to make the total the complete Qgures for to-night
(Aug. 21), we add the item of exports from the United States
including in it the exports of Friday only.
aiooo
coaco
<C'OD
a
497 000
20.000
69,000
mm:
ooo-
I
'
I
1903.
290,000
1 8.000
308,000
34 000
CO-
O
m; m; m; oi;
co; w: o;
o
O- CO' CO' o
MIOO*
^: oo<^:
o
M
CO
«
II
II
II
II
00
CO
OD
ob
oo
o
00
c*
o
CO
o
The Visiblb uupplt of Uotton to-nlgnt, aa made np
8loek»tLlTerpoOl.....b»les.
Btoek at London
..__„
Total Great Britain stooli.
M
m;
•
M
*?
CO
oo MM
oo
MM MM if
S
oo MM
MM
oo
COCO
OSO
MM
OO MM
ooo MM
OCM COOT ll
a
«
oo MM M$
00 00
MM Mr
oo
o
I
00
;
MioxMcocDMM,->MCo<;i<<oa^^>co^ i»a9u;coooMabcoa>ow
-oaxifk » ^OOlii^M — O>o:j^ cOOaOOCO^-OOH-ifc — j35C xo: ®o
b" o'jo'i(k 05 30 "a. m'co M 00*— c co'o -J — o'^ eo'x bi w — c» K! os com oo
MM — ooi^cj'O'acM >ao.< aol^cocoocDeooc;<<kOC;>oa^^cAOM
aDaoaO<~JOSCOM — O — Ot0C7i|^CDC0 3Ol^«'(S0DQDM0t.O>'OZ
,
II
a
o eo
eOl-'Mh-MM —
I
C-O
a
ob<z>
C^ICX
«
a
— CO
•^5
8 f
MM MM
oo OO MM
-io COM
66
OO
OO
coco
oo MM
oob MM
coco
OCX MO OaCK
I
coco
CBO
aoo
'
kSM
lOM
COO
l-<M
9
coco
a
a
coco
coco
coon
o.^
coco
I
1
«
QO CO
coco
.
coco
*Jo
ooi
o
coo
I
9
eo
COCO
I
I
CD4D
I
«
9
CO C0
co<o
CO 00
•JGO
(cco
<
00 •j
o
oo;
to,
to.
a*vt.
1
8\vap«d—
Via 8t. Louis
71a Cairo
Via PadQoah
Via Rook Island
Via LoolsvUle
Via Olnolnnatl
Via other routes,
398
Interior
Tni^ni^, 4r^,^
"416
Ac
851 1,448,081
688
from Houth
total net overland*...
movement by
iBoludlng
t
Deduodon greater than overland.
rail to
867.745
152,913
86
1,192
83,093
194,595
91.460
852,904
""56
1
687
3 143'i
<<o!*
Q'^^
i"i86
"826
870,495
88,071
68 678
1,974
342393
b86{
602,244
tl.l23 1,105.688'
'
a.313
210,549
50,102
81.742
towns
Total to be deducted...........
Leaving
2.198
29.605
162,472
37.101
260,042
"48
Total nosB overland....
Oeduct BlUpmenU—
Overland to N. Y., Boston, *o..
Between
748 259
208.404
861
2,4571,191.658
Oanada.
The foregoing snowa that the week's neio overland movement
year has been
bales, against 3,457 bales for the
1903, and that for the season to date theaggregratenet
verland exhibits a decrease from a vear ago of 85,970 bales.
ihlB
week in
1903-03.
in MigM and 8pinner$
Taking:
V*mlt.
Reoelpte at ports to Aug. 21.
Net overland toAug. 2i
lilouthem consumption to Aug.
21.
Total marketed
Came Into
sight during
Minct
9«^t
1.
Wtth
Sinet
2,0il|7,e39.46V
24.692 7,48H,636
Jl. 12311. 105.«88
2.457 l,191,fi58
-O 1,845.000
30,000 2.008.000 39,"
30,898 10: 53150 66,14» 10625284
1.340 149.9051 * 4.555
t73,81l
Interior stocks In excess
Total in sight Aug. 21
1901-02.
week.
61,594
29,558
107032451
10451483
Worth'n spinners' tak'gs to Aug.21 10,051 ;2.097 ,461 13,79312,189,717
* Decrease during week.
t Less than Sept. 1.
t Deduction.
Movement into sight in previous years,
Week—
Since Sept. IBaUt.
Bait*.
1901 AvLg. 23
63.135 1900-Ol-Aug. 23
„10.4U0,917
1900 Aug. 24
37,848 1899-OO-Aug. 24
„ 9.151,521
1899- Aug. 25
69,272 1898-99-An«. 25
.-11233,723
1898-Aug. 26
35,570 1897-98— Aug. 26
11,066.753
.. .
THE CHRONICLE.
408
QlTOTATIONB FOB MIDDLING COTTON AT OTHEB MABKETS,Below are olosing quotations of middling cotton at Southern
and other prinolpal ootton markets for each day of the week,
Week ending
Aug. 21
SalTMton...
New OrloanB
MobUe
Bayuinab...
OharlMton
..
OLOUMO QDOTATIOHS rOB MmDUHO OOTtOH OH—
aatnr.
12i«
VlBft
Hon.
rue*.
12i«
128,
I2ie
12Bh
12Ai
12»4
12%
Wednet.
12Bh
Nominal. NomtoaL Nominal. Nominal. NomlnaL Nominal.
li\
12^
12 H
V
12)4
1214
12
12>4
WtlBalngton. Nominal. Nominal. Nominal. Nominal.
12'«
12>«
12ifl
12>s
12-78
1275
1275
1375
13
13
13
13
BAltlmon .
13
IS
IS
PhllMlelphla 13
IS
13
13
Aa«iiBta.... IS
129,8
128,8
Meaiplils
U^lt
129ie
12is
1219
12%
t. Loalfl.... 12i«
12
12
18
12
Boaston
11
11
11
11
(Bsalimatl
—
.
11%
IIH
11%
11%
The
olosing quotations to-day (Friday)
Southern markets viere as follows.
OolnmboB, MlBS
AtlienB.. ....—• ••••
12ig
Enfanla.......
Atlanta..^.
LonlBvlUe
13 >«
la's
Gharlotte
Montgomery... 12%
OolTunboB. Ga. 13%
12>«
121*
NomlnaL NomlnaL
12%
12%
12-75
12-75
IS
IS
IS
13
13
13
129,6
129,8
12%
12%
12
11
12
11
11%
11%
12'7,8
Raleigh
13
Shrereport.... 121,8
Option Mabket.—The highest, lowest and
olofllng quotations for leading options in the New Orleans
cotton market the past week have been as follows.
August—
Aug. 17
15.
— •-
Range
ClOBUlK
Monda.
Aug.
. .
13-98
uesday, Wed'day, Tkund'y Friday,
IS. Aug. 19. Aug. 20 Aug. 21.
Aug.
12-99 » -00 12-999-00
—
9
00 12-999
—
12-989
902 12-959-00 12 979 00 13-959-00 12-959-00 12-959
—
—
SiPT'BKB—
10-90* -96
Range
CloflUig
.
.
10-7fl» 86 10-789-92 10-849-96 10-899-93 10-879 00
10-919 95 10-769-77 10-90 S-gi 10-909 92 10-909-91 10-989-99
OOTOBKB—
Range.... 9-79'»'S2 9-69«-7e 9-73«-84 9-809-85 9-809-84 9-989-90
9-81* 82 9-73»-74 9-839-84 9829-83 9-839-84 9-899-90
Clodbig
. .
Dbo'bbr—
Range.... 9-59«-6l (»-80»-.^8 9-539-63 9-599-66 9-619-64 9-619-69
Closing... 9-60'9-ei 9-&21>-58 9-629-63 9-629-63 9-629-63 9-689-69
JAUUAKT—
—
9-649-70
Range..., 9-83« - »-54»-57 9-669-67 9'61«-65 9-649
Closmg . g-eio-es 9-849-55 9-649-66 9-649-85 9-649-66 9-709-71
.
TOKB—
Spots
Qnlet.
Basy
Options...
Qnlet
Steady.
Steady.
Steady.
Steady.
Steady.
Qnlet.
Dull.
Average thermometer 84,
Shreveport, Louisiana.—There has been rain on five days
of the week, the precipitation reaching two inches and six
hundredths. The thermometer has averaged 83, the highest
being 9G, and the lowest 70.
Columhus, Mississippi, It has rained on three days during
the week, the rainfall being one inch and fifty- five hundredths. The thermometer has averaged 76, ranging from
55 to 97.
Leland, Mississippi.— Cotton is claimed to be shedding
quite freely in some sections.
have had rain during the
week, the rainfall reaching two inches and forty- seven hundredths. The thermometer has ranged from 65 to 89, aver-
We
12%
New urleans
Sat'day.
Weatherford, Texas.— We have had one shower during the
week, the rainfall being eight hundredths of an inch. The
thermometer has ranged from 62 to 101, averaging 82.
New Orleans, Louisiana,— We have had rain on four days
of the week, the rainfall being eleven hundredths of an inoh.
—
at other important
NashyUle
Natobei
We
Paris, Texas.—
have had light rain on one day of the
past week, the rainfall reaching twelve hundredths of an
inch. The thermometer has averaged 81, the highest being
98 and the lowest 63.
San Antonio, Texas.—
have had very light rain on one
day during the week to the extent of one hundredth of an
inch. Thermometer has averaged 81, ranging from 68 to 94,
We
Fri.
12%
12%
12%
l»»e
1288
Norfolk
Boston
Little Rook.
Thun.
[Vol. LXXVII.
Steady.
Steady.
Weather Reports by Telegraph.— Our telegraphic advices from the South this evening denote as a rule a continuation of favorable weather conditions during the week.
Bain has fallen in about all localities, and in some sections of
the Atlantic States and in a few districts elsewhere the precipitation has been somewhat excessive, but generally there
is little or no complaint. Temperature on the whole has been
seasonable. Further improvement in the crop is reported by
many of our correspondents. Worms are referred to in our
advices from points in Alabama and Arkansas, but with
little or no damage as yet.
have had rain the past week to the
Oalveaton, Texas.—
extent of one inch and ninety seven hundredths, on two days.
aging
77-4.
Little Rook, .4rfcan«a«.— Cotton is
and the corn crop
improving very much
splendid, There has been rain on three
days during the week, the rainfall reaching one inch and
is
thirty- five hundredths.
The thermometer has averaged 79,
the highest being 91 and the lowest 66.
Hei^na, Arkansas. Cotton is fruiting well. Some farmers
state that we are having too much rain for bottoms, but just
right for uplands.
few complain of worms, but with
little damage as yet.
have had rain during the week to
the extent of one inch and seventy-five hundredths on three
days. The thermometer has averaged 84, ranging from 68
—
A
We
to 100.
Memphis, Tennessee.— Favorable weather conditions continue; cotton is late but is growing rapidly. The first open
boll was received on the 17ch from Coahoma County, Miss.,
twenty-three days later than last year and eighteen days behind the average date. Bain has fallen on two days of the
week, the rainfall reaching fifty-six hundredths of an inch.
Average thermometer 78*9, highest 89 and lowest 67*7.
Nashville, Tennessee, Cotton is making good progress.
There has been rain the past week to the extent of twentyfive hundredths of an inch.
The thermometer has averaged
74, the highest being 90 and the lowest 58.
Mobile, Alabama. Conditions continue favorable. There
has been rain on two days oi the week, the rainfall reaching
—
—
one inch and twenty-five hundredths. The thermometer
has averaged 82, ranging from 72 to 94.
Montgomery, Alabama,— RAinB ceased only since yesterday.
Prospects are still promising. Cotton worms are reported,
but with no damage as yet. They are appearing mostly on
rich lands, and poison is being freely used. There has been
rain on six days during the week, the precipitation reaching
four inches and six hundredths. The thermometer has
We
ranged from 70 to 93, averaging 80,
Selma, Alabama,—The outlook is very favorable. There
Average thermometer 79, highest 88, lowest 89.
has been rain on two days of the week, the rainfall being
Abilene, Texas.— We have had a trace of rain on one day eighty hundredths of an inch.
The thermometer has averof the past week. The thermometer has averaged 81, the aged
83, higbest being 92 and lowest 72.
highest being 100 and the lowest 62.
Madison, Florida. There has been rain on six days of the
Brenham, Texas.— It has raiced on one day of the week to week, the rainfall being three inches and twenty-two hunan inappreciable extent. The thermometer has averaged 84, dredths. The thermometer has averaged 83, highest 96 and
ranging from 71 to 96.
lowest 74,
Corpus Chrtsti, Texas,—We have had rain on three days
Augusta, Georgfta,— Moisture has been somewhat excessive.
during the week, the rainfall being ninety hundredths of an Sunshine is wanted. There has been rain on five days durinch. The thermometer has ranged from 70 to 92, averag- ing the week, the rainfall being four inches and eighty-nine
ing 81.
hundredthe. The thermometer has averaged 78, ranging
Cuero, TVarcw.— There has been rain on four days during from 70 to 89.
the week, the precipitation being one inoh and twenty-three
Savannah, Georgia, We have had rain on five days of the
Average thermometer 83, highest 103 and week, the r«infall being three inches and eighty-four hunhundredths.
lowest 64.
dredths. The thermometer has ranged from 71 to 90, averDallas, Texas,— We have had showers on two days during aging 79.
the week, the precipitation being twenty-two hundredths of
Smyrna, Georgia, —The weather has been ideal for crops,
an inch. Ihe thermometer has averaged 88, the highest and cotton could not do better. We have had rain on two
being 102 and the lowest 64.
days during the week, the rainfall being eighty one hunHenrietta, Texas,— R&in has fallen on one day during the dredths of an inch. The thermometer has ranged from 66 to
week, to the extent of thirty-one hundredths of an inoh. The 87, averaging 75.
thermometer has averatced b6, ranging from 66 to 105.
Stateburg, South Carolina, The weather has been more
HuntstHlle, Texas. There has been rain on one day during
or less cloudy all the week, and clear sunshine is now dethe week, to the extent of forty-eight hundredths of an inch. sirable. There has been rain on each day, the precipitation
The thermometer has ranged from 70 to 97, averaging 84.
reaching three inches and fifteen hundredths. The therKerrvtUe, Texas.— Theie has been light rain on one day of mometer has averaged
76, the highest being 88 and the lowthe week, the rainfall reaching thirty-eight hundredths of an est 69.
inch. Average thermometer 76, highest 95 and lowest 56.
Oreenwood, South Carolina,—The crop is three weeks late
Lampaaas, Texas.— There has t)een one shower the past but in excellent condition. It has rained on four days
week, to the extcLt of fifteen hundredths of an inch. The of the week, the precipitation reaching three inches and
thermometer has averaged 81, the highest being 102 and the
three hundredths. The thermometer has averaged
—
—
—
—
lowest
twenty-
60.
77, ranging from 71 to 84.
Lcmgvteie, Texas,—There has been rain on three days durCharleston, South Carolina,— Rain has fallen on six days
ing the week, the precipitation being two inches. The ther- of the week, the rainfall being six inches and sixty-five hunmometer has averaged 83, ranging from 68 to 97.
dredths. Average thermometer 79, highest 90 and lowest 71.
Luling, Texas,— There has Oeen rain on one day during the
Charlotte, North Carolina,— The crop is making splendid
week, to the extent of eighty-five hundredths of an inch.
and fruiting satisfactorily. There has been rain
progress
The thermometer has ranged from 68 to 9.'3, averaging 84.
the week to the extent of two inches and seven
during
rain
on
two
during
been
days
has
Fale-ttine, Texas.— There
hundredths. The thermometer has ranged from 65 to 88,
the week, the rainfall reaching fllty hundredths of an inch.
averaging 76.
lowest
70.
Average thermometer 82, highe«t 94,
.
AUGUST
THE CHRONICLE.
33, 1903.]
Crop Circular.— Our Annual Cotton Crop Review
I Ck)TTON
will be ready in circular form about Friday, September 4.
Parties desiring the circular in quantities, with their
business card printed thereoa, should send in their orders as
soon as possible, to ensure early delivery.
Movement from all Ports.
India Cotton
1901-02.
1903-03.
If
Mine*
MA
tor tht WttK.
Mintt
W$$lt.
Mtpt. 1.
The foregoing shows that there has been exported from the
United Kingdom during the tea months 1,034,075,000 lbs.
of manufactured cotton, against 1,051,220,000 lbs. last year, or
a decrease of 17,145,000 lbs,
A further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
oountries during July and sinqe October 1 io each of
the last three years.
BXPOBTB OF PIBOB QOODB AND TARNS TO PBINOIPAL aODNTSIBB IH
JULY AND FROM OCTOBER 1 TO JULY 31.
Mtpt. 1.
Turkey, Ugypt and Africa...
OontiH<n<.
Qrtat
tram—
Britain.
Bombay—
1908-03..
1901-02..
1900-01..
Qrtat
Britain.
Sotai.
Oontintnt.
and J&Dan
3arope (except Turkey)
Cvhlna
fotat.
16.000
4.000
3,000
16.000
4.000
3,000
77.000
9,000
68,000
930,000
495,000
563,000
997,000
504.000
636,000
2,000
1.000
1.000
2,000
1,000
1,000
6,000
3,000
4,000
50,000
49,000
44,000
55,000
53,000
48,000
Ul other oonntrlei
1902-03..
1901-03..
1900-01..
Madraa—
total aU1903-03..
1901-02..
1900 01..
Aug. 19.
Receipts (oantare)*—
This Tveek
Since 8ept. 1
37.000
5.000
15,000
191,000
125,000
131,000
228.000
130.000
146,000
—
op Cotton
1902-03.
1901-02.
1900-01.
6,T42l00O
1,000
6,469,000
6,000
5,463.000
VOitlt.
Exports (bales) —
To Liverpool
To Continent t
38,000
19.000
27,000
and Shipments
Receipts
Alexandria. Egypt,
29,000
16,000
19,000
128,000 1,190,000 1,818,000
20,000
685.000 705,000
95,000
762,000
857,000
31.000
9.000
8.000
27.000
9.000
8,000
4,000
Alexandria
12,000
4,000
4,000
8,000
4,000
4,000
4,000
9,000
3,000
8,000
1,000
1,000
Binet
Sxnct
aipt. 1.
Sept. 1.
Sxnet
%ouk.
Mtpt. 1.
I
Total Europe.
...
2,000 855,000
2,000 402.000
323.000
V.hoo 519,000
4,000 757,000
1
1
321.000
i'obo 363,000
000 842,000
*
A eantar le
t
Of whlob to America in 1902-08, 84,102 bales;
8,000 684,000
98 pounds.
II.
1901-OS, 104,216
bales: in 1900-01, 56.000 bales.
Manchester Market. — Oar report
to-night from Manchester
for yarns and quiet for
accumulating.
give
leave those for previous
We
by cable
received
states that the market is steady
shirtings.
Stocks of yarns are
the prices for to-day below and
weeks of this and last year for
comparison.
1903.
SH
Txoitt.
d. 8.
f»98i8 5
09>« 5
8Mrt- Ootfn
/7«« SH
common ma. 82.
J •^'
Ibi.
32f Oop. ing$,
1903.
d.
9
10
••
«94 6 10
31 9
Auk. 7 815i6«»91fl 5 9
" 14 9
o9*B 5 9
••
2l8iBi«»9i« 6 8
B.
OS
d.
d.
d.
6-44
71a 6-60
7ifl 6-60
7ifl 6-66
7>a 6-84
6-70
6
e
08
98
«8
«8
OS
Tvntl.
Upldt
to finttt.
1
d.
Ibt. Shirt- Oott'n
Mid.
*»»»«.
to finest.
Upldt
8.
788 9SH 5
5
73ie o8
7
«7i3ie5
6i6ie»7% 5
7
»7\ 6
7i,a 0778 5
common
d.
3
2
1
B.
«7
©7
«7
07
0i«9 7
1
«7
d.
10>«
9
7ifl
6
7
7ifl
lotal of All.
OIot?>.
OOOi omitted.
1902-03 1901-02
Lb$.
Lb,.
17,866 18.691
October
Horember... 18.172 17,993
December... 18.776 17,523
1902-03
Tdt.
444.0S8
423.934
441,448
1901-02 1902-03 1901-02
Tit.
442.171
432.460
601,856
Lb$.
84,289
80,464
83,787
Lb$.
83.164
81.329
94,284
ToUlst quar
S2.802
64,177 1,309.464 1,875.887 248,640 268,767
January
February
17.946
18,096
475,385
16.632
16,325
March
17,488
16,860
463,016
486.476
Apnl
Lhi.
Lbs.
101.644
101.846
98.636
99.298
100.662
111,807
812.944
114,291
83.472
66,425
107.627
104.55b
109.608
61,2^1 1.424.887 1.396,661 270.698 265.092
822.093
316,373
108,61.2 106,468 2.784,351 8,778,648 519,483 528,869
622.08S
629.317
92,863
96.942
81.184
74,684
90.iH
111.101
97,706
81.860
87.784
18,462
May
16,787
18,748
16.522
Junt^
1S,908
13.180
Tot. Sd quar. 46,147
14.046
418.120
419.04U
359.630
606.818
439,781
460,068
486.573
427,726
898.376
90,381
96,195
88.026
92.486
79,490
79,667
68,362
48.390 i.ioe.esf" 1.807.674 227,609 248,2 1
Total9moi.. 110.649 168.848
July
1901-02
800.842
Tot. Sd quar. 51.20O
Totaiemos.
1908-03
14.717
3.931.0S0 4,080,322 746.942 772.060
482.711
438.943
StocklnBs aD J aocka
8«ndryartlol(98
Total exp<)rt8 of (iotton naanufact ores
91,770
83.318
1901-02.
81.
1900-01.
1,922,0^8 a.o?8.no9
737.085
77V!. 454
703.660
1.9fl7,8r,fl
4s4.0i6
83.624
fll6."7
i:
2511,504
ii.i.fir.
tSi.CSJ
2tt'<!.236
24 7.9.(0
306,799
847,462
364.130
837.644
369.083
241,468
81U.012
Tarn»—Lb*.
Holland
Europe (except Turkey)
JAit Indies...
•
8,228
1,788
1.614
8.003
1,612
2,107
2.628
2,081
2,897
2,117
2,331
3.870
718
362
1,447
1,262
1,490
1,793
2,613
1,627
1,647
10,093
12,195
16.022
i549
£572
£720
•••*.
Ohlna find JaDftn
TnrkeT and KtzTut
^11 other oountrlei
Total Ibi
Total alne..
28.669
20.f86
2C.8B4
26.1^4
6.428
17.H71
18.87a
20.161
24,419
183 871
£11,171
141,245
Fall River Mill Dividends.— In our
23,6:16
27.701
10,5(11
1»,406
16,270
Jt6.i;8&
editorial
83.412
18,h08
22.195
30,998
9.247
16,206
12,110
131,976
i6,639
columns
to-day will be found the exhibit of dividends at Fall River
for the third quarter and nine months of 1903.
Government Weeklt 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 Aug. 17,
summarizing them as follows:
Cotton has made rapid growth thronghont the cotton belt, and in
portions of the central and western dlBtriots and In Eastern North
Carolina complaint of too rapid growth Is quite gentiral, met and
shedding bslng also reported In the central and Eastern districts,
while heavy rains have caused Injury In portions of North Carolina,
Alabama, Louisiana and Arkansas. B;>11 weevil are Increasing In the
southwest and south-central cotton counties of Texas, and boll worms
are apperring In Northern Texas, but as yet the latter have caused
Early cotton Is now opening and a little picking has
little damage.
been done In South Carolina, Florida and Texas, a "first bale" having
been ginned In South Carolina on the 11th, four days later than the
average.
SHiPPma News.— As shown on a previous page, the
exports of cotton from the United States the past week have
reached 5,168 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Total baUs,
New York—To
Liverpool, per steamer Aoranla, 1,589
Bovlo,617
2,206
155
To Havre, per steamer Alabama, 155
New ORLEANS
To Llvernool— Aug, 20— Steamers Plondian,
1,265; Meohanlolau, 44
To Hamburg— Ang. 15— Steamer Cheruskla. 26
To Barcelona- Aug. 19—Steamer Pio X, 1,100
To Veracruz -Aug, 15— Steamer Dagtio. lOO
B08T0H -To Liverpool— Aug, 12— Steamer Mayflower, 50
A.ug. 17— SteamerUltoma. 54
To Yarmouth— Aug. 19— Steamer Prince Arthur. 100
Baltimore— Io Bremen— Aug. 17— Steamer Rheln, 59
POBTLAMD. Mb.— To Llvcrpool—Aug. 7—Steamer Irishman, 7.
1,309
26
1,100
100
104
100
59
7
d.
6'39
42733
4iH
4'V
427^2
42732
Exports of Cotton goods from Greai Britain.— Below
we give the exports of cotton yarn, goods, &c., from Great
Britain for the month of July and since October 1 in
1902-08 and 1901-02, as compiled by us from the British Board
of Trade returns.
It will be noticed that we have reduced
the movement all to pounds.
F«m4T?»r«o<J.
1901.
1902.
802.665 le'J.OSV 3nH,973
HO..tlH 76.616 81.87^
6l.i'53
57.0;'4 61.S61
19 870 21.770 ^2.265
00,8ft2 44.216 61.073
1!4.4U1
23.8" 5 i'3.72M
86.983 44,tOl 3-1.210
July
(OOOi omitted.)
Dth.
1903-03..
1901-02..
1900-01..
iUl Others—
1908-OS..
1901-02..
1900-01..
Oct. 1 to
1902-03.
482.711 438,913 477.81b 4.414.762 4.521.380 4,282,809
£6,207 £4.679 ibfiM £46.897 £46.56u £46.869
Total Tarda
Total yalne
Oalontja—
A.
1908.
Minat atpttmbtr 1.
Muportt
J'yl7 SK
" 24 9
July.
Piee» Ooodt—Tardi.
(OOOf omitted.)
9.000 1.924,000
5,000 2,127,000
6,000 2,472,000
Bombay
Sintt
VM*.
atpt. 1.
1900-O1.
409
99,797
108.288
873.656
886.591
896.591
925.e03
106,886
98,080
so;
766
30.844
26,626
1.084.076 1,061,220
6.166
Total
Cotton freights at
New York
the past
week have been
as follows.
Matur.
Man.
Tuet.
12
12
12
12
12
12
12
12
17»«
17»«
I713
211a
17ifl
1714
I7111
17i«
17>«
21is
17»a
171s
211s
Eteval, indirect.. e.
16
28
16
28
15
28
Reval, via CanaLe.
30
Baroel'na.lnd'r't.e.
28
15
27
80
28
28
Liverpool
..c.
ManohMter
c.
Havre, asked
e.
Bremen
e.
Hamburg
e.
Ghent
Antwerp
c.
.c.
aenoa...
e.
Trieate
c.
Japan
(via Snez).e.
46®50
17J«
Wednet. TKurt.
30
I712
17i«
27
4!5®50
27
45a>50
12
12
20
171a
171*
171*
21ifl
211s
15
28
80
28
16
28
SO
28
Fri.
12
12
20
17ia
171a
211a
15
28
SO
28
I7I2
171a
171*
27
27
27
46950 46»50 45050
Qnotatlone are cents per 100 Iba
—
Liverpool, By cable from Liverpool we have the following
statement of the week's sales, stocks, &c,, at that port.
July 31
Sales of the week
bales.
Of whif'h exporters took. ..
Of which speculators took.
Sales American
Actual export
Forwarded
Total stock— Estimated
Of which American—Est'd.
Total imnort of the
week
Of which American
Amount afl
at
SO.ouu
4.000
2.000
26,000
17,000
28.000
390.000
802,000
3,000
1,000
47,000
15,000
Aug. 7
Sl.yi'
8,0<v
2,000
26,0O4
19,00<
4 1,00c
371.001
267,00(
42,00(
16.00<
20,00(
Aug. 14
37.JVi
9,000
2,000
29 00<
13.00<
37,00(
329,000
227,000
7,00t
20.001
Aug. 21.
26 000
3,000
8,000
20,000
18,000
32,000
290,000
198,000
10,000
8,000
20,000
4.000
7.oni
Of which American
The tone of the Liverpool market tor spots and futures
each day of the week ending Aug. 21 and the daily closing
prices of spot cotton, have been as follows.
9
.
THE OHRONICIE
410
8poL
<aC<Ui«
F»n<ta>
rattrid'v
IfoiwXav. fti««dav- <'«<''tav
Market,
13:30 P.M.
Unlau
Quiet.
Quiet.
Qntet.
Qnlet.
Dull.
Mid. Upl'dB
68i
6 80
6-66
6-74
6 70
Etales.. .....
3.000
4000
4,000
3000
Spec A ozp.
fOO
5 000
;oo
670
4000
1.000
1,.
On
fOO
300
ueiidT at ijatet a(
Market
I
opened.
1-
s
1
pt.
idranee.
1 pt.
(Jntet at
partial)?
adTanoe.
1 pt. dec.
^ready
•Steady
a-
of
3 '4
adranoe.
I
Qnlet at
at
1<%2 pts.
1 pt.
4dTano«
deollne.
j
Easy
Dall at
}
\
u> <pt.al.
pts.
^teadT
at
dee2H®n^p.H
(
deollna.
t>t.
-ttl
dec.
^
Dull at
pi
•^leadT
^03^
.a»r.
toSpssid tol^D.ad
at StOlidT >.t
ptB. 2 pts. adv.
to2ptS(ic.
The
prices of f otarea at Ltverpjoi tor each day are given
below. Prices are on the basis of Uplands, Good Ordinary
olanse, nnl-'PS otherwise stated.
"loo
Aug 17
Sat.
Aug. 15
Aug CO
Aug 19
Aug. 1^
12i«| i
4 12W
P.M. P. M. P. M. P.M. P.M. 'p.m. p. M. P. M. P.M.
1
12»fl
Angast
-»u.pt ..
September..
Sepv-Oot.
0«1 Uov..
Nov. -Dec.
Dee. -Jan....
Jan.-Feb....
Feb Moh ..
Moh. *orU,.
;l-.it9
d.
d.
AMflf.
21.
1
(/.
6 60 « 57 6 ^2
6.".0 6 4716 4V
6 5« 6 47l6 42
5 90 5 90,5 88
ft 40 5 47 5 46
3^ 6 3ft
5 37
5.^2 5 30 5 31
5 30 6 29JS30
6 dO 5U9 5 29
5 29 5 2tl5 29
ft
12m
4
d.
d.
d.
d.
4
p.
d.
12k
M. P.M. P M.
d.
d.
6 «.^ 6 41 6 4 6 47 b 44
6 37 6 35 6 3- 6*1 6 39
637 63'^ 637 6 41 6 39
583 585 ft f>6 i9 5 86
5 43 5 45 5 4> 5 49 5 4
5 32 53i 63- ^ 3- 6 35
5 28 5 28 53. 5 32 5 30
5 27 5 27 5 29 531 5 ^^9
5 36 5 37 6 2131 8 2»
6 26526628 5 30 5 28
">
044
4
May- one.
i
NBW
delivery In elev
Deo. dcllv«^ry In elev
May deUvery In elev
«<ept.
6 39 6 39
laperfine. .^^
ixtra. No, ?.
«itra,Mo 1 ..
ft
•>
6 39
ti
^ 8ft
ft
3-»
«ft
5 49 5 4S
Tuef
34k
85%
34
SSHs
8789
37k
m.
TA-^».
34Ir
36^8
34k
36k
36
36%
38k
88k
38
neare
3
^.....^ 3
Wiorra
Patent, winter
f4 10
00
Olty mine, patent. 4 85
....
03
03
15 •3
60 04
80 04
85 «5
92 90
3 00
Rye flour .(nperflne
Buokwheat Hoar..
Oorc meal—
05
25
10
90
55
90
8
«4 30
30
fl5
08 60
Nomlnikl
Western, etc.... 3 25 «3 30
Brandywinr. ... 8 30 '»3 35
(Wheat flotu- ;u LJvcks mUb at prices below those cor barrels.)
OBIIM
f heat, per DUt"
0.
e.
Oom, per Dash.—
e
o.
a.Dal.,^
1 New
f.o. b.96
Western uilxad
67 »69k
ff'tbern Dnl., »o.i f.o.b.94k
No. a mixed
f.o. b.89k
Red winter, No. S t. o. b.86%
No. 2 yellow
t o. b.61
Hort'n Dnl No. 8. f. o. b.93k
No. 3 white
t. 0. b.68%
„
aL8— Mlx'd.p. bnah. 38 •40k
Rye, par ftasb—
White
40 •45
...
western ....„
...64 ttSSk
No. 8 mixed
State and JerAey......60 058k
38k*40
No. 3 white.. „«,... 41 943
Barley— West
88 •€©
Feeding
60k953
5 38 5 87
ItralghtB..^
8
34 * 82
6 33 5 31
5 32 6 30
6 32
SO
'•tent, sprlnK;
4
ft
JTon,
•
40 6 40
6 40 3 40
\ 88
ft 85 49 5 i9
338
5 S3 S 34
5 32 5 38
5 32 ft 32
5 31 5 32
H
Wed
Sat.
34%
36k
38k
Following are the closing quotations:
rine....^...
1
....
• •V*
nochangfd
....
at
5%c. for
1^
Ib^.
and
6j. for 2 lbs.,
BREADSTUPFS.
Friday, August
stan-
21, 1908.
Mills quite generally have advanced their limits for wheat
flour.
At the higher prices asked the volume of business
trauFacted has been limited, few buyers having eufiBcient
confidence in the market to operate freely, their purchases
being a'most exclusively of a hand-to-mouth char cter. City
mills have had a moderate sale at firmer prices. The demand
for rye flour has been moderately active; prices have been
unchanged and firm. Corn meal has been firm but quiet.
Speculation in wheat for future delivery has been moderately active and there has been an easier tone to prices. Recent speculative buyers have been steady sellers to realize
prtfite,
Crop prospects in the spring-wheat districts have
improved, the weather conditions being more favorabl-^, and
there havp been reports current to the effect that the springwheat crop is yielding better than expected. The movement of the winter-wheat crop, especially from Kansas,
has bt-en on a more liberal scale, and this too has operated
European cable advices have reporteJ
against values.
eaeier markets despite the fact that unfavorable weather conditions for the crop have been experienced in England and
Franre. The export demand for cash wheat aleo has fallen
cff, the sales for the week to exporters being light.
The
"Cincinnati Price Current" says that there is no essential
change in wheat. Heads of spring wheat are mostly well
filled.
The total estimated crop is 870,000,000 bushels, which
would be the same as last year. To day the market opened
ea8i^r under continued favorable weather reports from the
Northwest, but rallied on renewed speculative buying and
abet nee of aggressive selling. The spot market was quiet,
OAiLTOLOsmoPKiOBa or no. 2 BSD wnrPBR wasAT ui
YORK,
Twcf,
Wed. rxun.
#ri.
aai.
Moh.
8738
89ifl
8608
86%
Cash wheat t. 0. b
87k
88k
8638
Sft'a
SB"*
86
8ept delivery In elev
86k
87k
87
87*8
8698
Dec. delivery in elev.... 88*9
86%
87k
NBW
m elev
89»8
88%
SS't
88k
88k
88k
OAILT aUMVKQ PSIOBB Ot HO. 3 BPBWO WHBAT IM CHICAGO.
Frt
Tuei.
Tkuri.
Bat.
Mon.
Wed.
82i«
SOSg
80>«
80%
8«>pt. delivery in elev....
S3H
82i«
81B8
Dttc. deUvery In elev
824
Sih
83^
81H
84>4
Bd^
84
way leijrery in eiev.... 8514
83%
8SH
8m
Indian corn futures have been moderately active, bat at
declining prices. The feature of the tradini< has been selling
by epecuitttive holders to realize profits. Weather conditions
have generally been reported more favorable for the growing crop, and this has prompted freer selling. Advices from
the interior also have reported freer country acceptances of
old-crop corn, and this has a tendency to create more ag
One authority, in
gressive operations by bear intereata.
reviewing the crop developments for the week, says that
ample moisture has improveKl the corn crop moderately, except in the Ohio Valley. The spot market has weakened
slightly, and at the lower prices exporters were limited buyTo-duy the market was firmer, following the Western
ers.
market, where there were reports of an active export demand. At the Beat>oard the spot markets were firmer but
quiet.
DAiLT OLoano PBioaa or ho. s mizbd
Mon,
Sat.
60
60
Oaah 00m L 0. b
69
58%
Sept. dellverv In elev
58%
Deo del very In elev
59H
Maydellverey In elev
1
steady.
OAILT OLOaiHO PKIOBB Or OATS IH
YORK.
Sal.
Wed fhurt,
Uo^.
Tuet,
PH.
to. S mixed in elev
39
39
39
39
39
39
to. S white In elev
42
42
42
42
42
42
OAILT ai.OaiN0 PBIOBB Or MO. 8 MIZID OATB IN CHIGAdO.
6 »6 6 47
dard grades. Jute butts dull at l>^@l^c. for paper grades
and 262)^0. for bagging quality.
delivery
The spot market was
4ft
b
JwTE Butts, Bagging, &c.— The markpt for jate bagging
has continned quiet nurlog the week, but prices are nom
May
delivery In elov
63
52
52k
Sl'^s
52%
52k
Oi\s for future delivery at the Western market have been
moderately active. Despite the decline in prices for other
grains, vaiues for oats have made a fractional advance.
There has b^^en some speculative buying, induced by continued reports of a disappointing yield and comparatively
light country cfferings and crop movement.
Locally the
spot market has been moderately active and firm. To-day
the market was firmer on a continued light crop movement.
d.
AprU-May
inally
01.081110
Tn«>it
'
1
And
PRICBB Or NO. 3 MIXBD OOKA IP GUI* AOO.
Sat.
rur§
Wrtt
Hon.
Tkurt.
9ri.
Sept. delivery In elev
BSSs
51i>8
52
51
61k
61k
51B8
D^o. dellverv In elev
62
62%
5l''8
51''8
51k
DAIIT
May
fiituru.
Market.
4 p. X.
[Vol. LXXVII.
oobm
nbw roRK.
oi
Wut.
69
TKurt.
59
59
57%
57%
59k
5788
6814
67''8
•'7''8
57%
57k
ibH
Tue$.
57°8
frx.
....
Government Weekly Grain Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States for the week ending
Aug. 17, as follows
COBN.— Throughout the northern and eastern pDrtlons of the oorn
belt the weaiher has been too oool for maturtnii: oorn. whloh is nnnenaUy late The oron has, however, generally Improved, especially
tn the Crtntral an<1 Western districts, the outlook beint; very promising In KaneaB, where early corn la ab ut made In the Southern part
:
In the northwestern portions of the oorn belt, inoluding
Nebraska, Iowa, Wisconsin and portions of Missouri and Illinois,
there la urgent need for warmth and for the moat part snnahlne.
Without these ooudttl ma during the next four weeka and unusually
late frosts, muoh of the crop will fall to mature. Drought In the upper
Ohio Valley haa materially lessened the prospects for oorn In that
of the State.
section.
Spring Wheat.— Rains have further checked the progr«88 of springwheat harvest in the Oak')ias and Minnesota, but this work Is nearly
the southern portion of the sprlng-wtieat region.
Threshing hits oommeneed, but rains have prevented rapid progress,
and some ir.juiy to grain In shock la reported. In the Oentral and
Northern Rooky Mountain and North Paolflo Ooast diitrlois springwheat h-trvest has progressed nuder very favorable conditions.
Oats.— Oats tn shook and stack have be-iu lojarea by wet weather in
portions of the Missouri and upper Mississippi valleys, where threshing has made alow progress; elsewhere threshing has continued unlnt«'rrupt«rtly.
Harvesting Is well advanced In New York and practicoQiDleted In
cally flnlBhed in other districts.
The movement of breadstuffs to market aslndloated in the
itstements below is prepared by as from figures colleoted
New York Produce Exohange. The receipts at
•V the
¥estern lake and river ports for the week ending Aug. 15,
md slnoe Aur. 1, for eaoh of the last three years have been:
ttuipttaX—
WhtdU
JlOWr.
B*U.19eU)f BwK.<iOlbt
•laaso
<llwankM.
'slatk
1/6.727
873.875
61,075
etf.COO
lEO.OOO
ie,<j4
ilnnMPOlli.
583.010
'olsdo
193.000
tstrolt
tlsvsland...
<a»ai
BarUv.
RV».
BuikMlbt
BwtKaibt
Bu.96Iki.
«60,490
1S,200
2,051650
61,(!00
14.800
00,300
6130O
25.661
29 308
6^.280
6.600
35.04a
16.520
130.30
39,740
181
00
42S,'
30
I'-.lSO
20.134
108,H1:2
59
38.8.
8
722 662
141.298
28.i:00
238.500
186.0C0
234 sie
svo.eis
176,100
1,020.000
306.600
40,600
6,000
'•oris
Oau.
.9lMk.321b>
6.800
11.1
n.Lonli....
Com.
Olty.
i.too
....
...
J. 000
£0,600
9,900
9,100
67,6
rot.wk.lBOS
390,361
8.689,748
2.053,227
.amawk.'OB
>ams wk.'Ol.
42-,';67
C.966.7.8
6,»26,36r
1,241,382
3 5S9 6g0
6,233 879
217.578
196.811
133,903
287.7,4
2,451,161
5.0S6,1C0
397,611
323,108
6,616,813
117,142
4,120 265 18,SV0,606
8»3.9-'3
841,870
49»,081
«n0
8H53.<»9
H%U AUff.
425,fc9«
1
ItOS
784,71.3
],341,'.e4
7.869,322
22.272,H49
3,808,3f5
HO?
1901
1
2fl',UK7
i«.4iH.iaH
7.488.2Sfl
13.672H2B
6'-6
The receipts of Hour and grain at che seaboartl ports
week ended Aug. 15, 1908, follow:
tor
the
W
• ur.
'*''
4«««»tlSl—
NawTork.
.^
Botton.
Montreal
.«^
..^
lai.oso
3',v92
4I,w 9
».
HO 671
«•
83,470
8,V96
17,241
30,l7i
211
PtlladalpklA,
•altlmora
(IShmOBd
(aw OrlMttt
4airportNa«i...>«..
Sorfolk
««iTaiton
Panian*,
Tot»l WSBk
Week
1902.
2,511
_
7
0«tl.
>>ui>
31P,400
a ,83
246,674
157.189
t9.3ai
12.146
10.000
lfl,100
111,-, 81
nfl.O
16,4C8
l,3i0
3P,CO0
2,270,697
813,299
150,621
666,360
252,851
azM^S
6»',8U0
16'.i500
10,U6
80,6n
0i,0>6
3-;,
.BcrUr,
kitik.
a.aso
260
16,613
'.'.'.'.'.'.'.',
kW.
9,760
11,008
"3,006
050
29,000
61,000
826,610
Ms
Xoblla
0»r»,
hMik
303.."i25
i-^n
6,.!t9
107,5-
Sei.UO 8.bel,810
ri36,
01
1,'j8».91»»
1H,000
19 183
900
72.708
b6.768
——
.
August
2.',
THB OHKONICLS
1903.J
Total reoelpts at porti from Jan.
follows for four years:
JtMMvt a/—
riou
bbl*
.bnih
Wliaat
Corn
0»ti
Barler
»!•.
....
Tot»l«r«lll
••
1003.
i«.«ea.3ca
1D08.
18.844.761
68.7890114
70,632.171
88,'<7- 031
X.3V3.S59
»,131.308
"71.869,743
171.6e8.J43
oompare
to Aug. 13
1
af
laoo.
13.17«,47H
laoi.
18.0(1.078
iS 107 818
119 7W''98-(
10 614.010
7.C05 8.B
1.7^4 09U
ll.HWSftfiS
88.301.777
i.sos.aas
1 S;o.2.'4
opened for spring in both plain and fancy varieties, aiid with
fuller display from whicu to make selections, buyers are
more orders
placing
packages, valued at |227,998, their destination being to the
points specified in the tables below:
1903.
*\l.37'
21
O
rortiasd. Ma.
16 ,iO)
rkli«d*iphl».
ns.iOJ
taltimora
Haw Orlaant.. 20&,(.WI
Nawo
rt
84,nio
5«6,360
Nawi
Hontnal....
8.64S.6
.
time '08
.3 657.-
-i
3
>
The destination
Jnly
01 ,028
l•^7
e.3i9
l.-^ia
16,40 <
4 3.^B7
I5!l
31S50
3.-000
17 -'42
59.1»5
lllcO
82,433
10,401
19,666
Arabia. ....
Atrloa
Weat iBdlea
OoO
le.rtuO
845.574
41.v»7*»
4.8*'
"l,t09
6,299
10.116
41.0}8
142.S91
3,919
29,>tl6
2i».318
0l'','<9«
90.5:8
13i.3:J0
48.355
287,0.'U
ii%UJ6
Great Britain....... ....... ...
Other aatopean . ,»..... .....
Ohlna
of these exports for the
81
84
764
34
India............. ...... .«».
214
.so.ni
i.i'Te.uoo
aalTaaton...
Mobil*.
Total waak
313253
6rt.69l
1908.
1
W»»k 9ineeJan.l
Wtek. |0ine«/an.l.
iiarUi,
bu<)t
8,012
hbi$
Botlon
Norfolk
St:
Oatf,
/lour,
Oarw.
Prices
tirm.
is
—
The export* from the several seaboard ports for the weeh
•ndlng Aug. 15, 1908. are shown in the annexed statement:
Mx9orU frtm
N«w York ..
The tone
th-»n before.
and blankets are well maintained.
DoMKSTio Cotton Goods. The exports of cotton goods
from this port for the week ending Aug. 17 were 4,923
of flannels
2J3.74;(,8B7
84i5.093.837
113,&05.63i
411
40.618
week and
67.-14
.,..,
2,158
..„
302
247
61
126
Mexico
«...
Oaniral .America.
Sontb Amerloa....
otbarOoantrles. ......
.~.
879
111,213
9.726
28,739
7.412
S62
63
260
8'0
44
1,470
6,811
33,313
8,720
ai978
183,088
1.968
7.484
89.640
6,962
1,037
"4,922
1.382
801
83.926
13,688
13,446
6,115
i'.i'so
18.ti«7
148
Total
31
8
l,f82
234,042^
l:i,367
slnot
as below:
1, 1908, Is
The value of these New york exports since Jan. 1 to date
has
been I10.29S,98S in 1903, against $8,430 018 in 1902.
Week Bint* July
M»9orU for
Wt4k ainei Jutt
Axig. 16
1. li'OS.
mt4k and tint* Aug. IS. 1. 1003.
There has been a noticeable increase in the number of
bu$h.
btuh.
6ou.
bbU.
Jul/t 1 (»—
orders coming forward for bleached muslins, particularly in
amtao Kinaaoii 1()2,«78 I,l;i7.c83 1.701.643 8.741 6''6
3,!jo8.»ii2
rS.iii
820,008
S3 2.0 7
the lower grades, wbich are relatively cheap-ar tban better
OOBtlaanu
1 'M78
a.o7d
14 65S
1. A 0. Aoaarloa.
The latter are also decidedly scarce and prices are
80.6^5
aiS.Hto qoalitif-s.
17.2 4
1S4 Ki3
Watt Indiaa..
7.417
23.4I;0
I6 8U7
i,'33
tbroughout. Brown sheetings and drills are %atet in all
r.M.Ajn Colo'i
hrm
lit.OtO
438.108
71,331
61.0t8
S2.010
Otkar aouitriai i8.s<o
weights, only small purchases being recorded for ooth home
2,543.Swl
617.306
18,704.727
7,948,2^4
a!-96-8 Ij88,f40
Total
and expoit acoouot. Prices are without change. Buyers of
617 680
43,365
8.6&7.db8 18,^71.063
total 1001-08.... 2o ..ej 1,060,411
ducks and brown osnabnrgs are operating ligtitly, but prices
The visible supply of grain, oomprismg the stooaa i are firm. There is a quiet demand for wide sheetings, sheets
granary at the principal points of acoamalation at lake an
and pillow cases at full prices, and canton flannels and cotton
g«aboard ports, Aug. 15, 1908, was as follows:
blankets are tirm with indifferent volume of sales. PurOatt,
Uari*
Oarn,
^M«t,
chases of coarse colored cottons are still restricted by the
iKitartatittik.
kU(lk,
paucity of ready supplies, the market being quite bare of a
»91000
213,000
07,00(
43,000
MwTork
411.000
34.000
afloat... ...
96.000
Do
of leading lines of denims, ticks, plaids, eto,, and
numoer
288,o
Si>S,«uo
5 ,OuO
•OatOb
prices are frequently nominal only. The advances quoted
I67,uc0
181, vO
1,000
PblladalpUa
185,000
l.ooe.ooo
10,000
827,000
197.U00
1,000
Saltlmora
last week in staple prints have been established by business
Haw Oriaana..^...... iT^ooo
There is a moderate demand coming forward on the
done.
l.ooeooo
6,000
aalTaaton
2i,oe(
74 000
4,000
245,000
^. 8'3,uoo
MoBtra*!
higher level. Stocks of most staple lines are small. Fancy
4,000
1,000
fforonto..
calicots continue quiet, with no indication of any near change
'scooi
666,010
32,000
267.m!6
818,000
niiklO
....
Oo afloat.
in prices. Fine printed fabrics are quiet also. Prices of
SOS.MO
603,°/6o
9,000
716,000
rolado
ginghams are easily maintained, with a quiet demand. The
Do afloat
"7,066
5S.066
16.000
60.008
Mtrolt
market for regular print cloths is inactive and unchanged at
Do
afloat
8J^c. Prices of odds are firm for narrow, but somewhat
2,5e'5,000
1,691,000
3,8«4,o66
240.000
niaago
Wh*at.
-riour.-
Corn,
Week Binee J«.i
Aug. 16.
1, 19(3
bmh
bxuh.
206 1 1 2.037,625
40^ 510 4,26S,7.rt
754
18,f6
-i
>
Do afloat
MUwaaaaa
Do
tfloat
rUWUl'm* Pt.Artk'r
"6,666
14,000
28,000
190,000
Oi^.OOO
1.000
46.ooa
69,000
101.00'
i,424,oos
ie°9 o'do
5 000
32,000
29.00'
.„2,W«.~'
"8,(KJ6
283,000
60.C0O
130 MO
9,000
666,000
i65,o66
06,000
01,000
843OO0
305
Bvlath
Do
•.
147,000
afloat
MlBBaapolia
8t.Lonlt
Do
afloat.
KaaaaaOltT
Paorta
iBdianapolla.
63.000
of late.
13,000
18.)00
inegular for wide makes, with a moderate demand.
Foreign Dry Goods. -Fine grades of both fancy and
staple unes of dress goods are in fair demand and very firm.
8ilks are in moderate request and prices unchanged. Ribbons are steady. Linens are firm and burlaps steadier than
81,000
4.000
1,000
Imporuitlona and WareMonse W^ltkdravvala ot Dry Good*
On MiHiMiPDl Blrar.
OaLakai
82d,'66o
esb.b'cd
OaaaDaiandriTar.
162.000
464,000
18,4S~,000
e.fiBO,nno
6 75 ,000
6, 43-, 000
Total
Total
Total
Total
Total
Aqk. 15.
Aae. 8
IflOS
1 03.
iw)
13090.O00
\*e
16.
Aug.
17 1901.
a'.26',0i)0
»6,":' ,000
12,7-3,000
Auk.
13,
luOO.
4^,76i 000
4^,102,000
.
8.0'
2,000
6,30
,OiJO
1.13 ,0')0
5.44 ,000
7.0<4,OUO
m
2S,000
20 000
OOO"
73.>>00
49-<,009
397,0
5-<7,0
40i',000
to ,000
101,000
i 52,000
389,000
fc3',i)00
Osl.OOO
o
-
"II
a
Ill
Si
ii!
>
THE DRY GOODS TRADE.
New
York, Fbiday, P.
M„
August 21, 1903.
the number of orders
There has been a modetate increase in
for cotton goods in the primary market this week, but nothing in their character to ehow that buyers have cbacged
their plan of operations, that is, the business done has again
been almost entirely confined to hand to-month purchaaes.
It is evident that stocks in the bands of jobbers ate being
badly broken up by the current rate of dietributioo, and that
the number of lines calling for immediate replenishment is
gradually increasing. This demand is expected to grow still
further, as tbe reports from distributing centres show that
there is a liberal movement in progress, Meanwhile avail
able supplies in first hands are kept down by the greatly curtailed output Irom tbe mills, and in many directions it is
difficult to get even small orders promptly attended to.
Forward business does not appear to interest either buyer or
seller, except in a tentative way.
The market shows no
abatement of strength. Although there has been no open
changes in quotations this week, the tendency is upward,
except in heavy brown cottons, which are still feeling the
lack of support from the export division. There has been
no marked change in conditions in woolen goods.
Woolen Goods.— The market
men's wear woolens
and worsteds has shown about an average demand in the
aggregate coming forward, but an irregular distribution of
orders.
Low and medium grades of woolen goods, staple
and fancy, have secured the bulk of the business doing, and
have ruled steady in price. Fine qualities of woolens and
worsteds are selling but moderately, while there are few
lines of fancy worsteds In any grade which have not proved
a disappointment eo far as buying for spring has progressed.
In the latter division of the market prices h ve an unsettled
appearance, but there have been no farther reductions openly
quoted. C!otton-warp and cotton mixed fabrics are quiet.
New lines of woolen and worsted dress goods are being
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——
THE OHKONICLE
412
gryiT^
————
:
An^ CJTy D£f/^i^TM^NT,
News
Items.
Enjoined. — A decisioD
of some imChexiot, Ohio. Bands
portance as to the method of issuing bonds under the socalled "Lmgworth Act" was handed down on August 5 by
Judge H illister of the Common Pleas Court of the First District of Ohio in the case of Henry Zteske against the village
of Cheviot. This village on April 6 voted to issue $14,000
bonds under the Long worth Act for "any or all" of a number of different purposes. The resolution did not specify the
amount of bonds to be used for each of the proposed im
provements, nor was there in the advertisement calling for
an election on the question any indication as to what sum
was to be expended for each purpose. This action of the
Council, the Jndae, in sustaining the temporary injunction,
holds to be illegal, as the voters are entitled to have the information. It is stated that the case will probably be taken
to the higher courts.
l>aw8on, ^&.—Beport of Matter ConUrmed.— Judge Pardee
of the United States Circuit Court at Atlanta on August 3
signed a decree coofirming the finding of the master in the
case of the Columbia Avenue Savings Fund, Safe Deposit,
Title & Trust Co. (now Columbia Avenue Trust Co.) of Philadelphia vs. the City of Dawsou. It is not necessary to go
into details of the master's findings, as the matter was reported at lengch iu the Chronicle May 30 on page 1307.
The city of Dawsou is thus enjoined from Issuing any of the
bonds voted for a water system or from entering into an
agreement with any other water company. It is understood
that the case will be taken to the Supreme Court of the
United States.
Denver, Colo. New City Charter.— The charter for the
new "city and county of Danver" has been completed and
will be submitted to the voters at some future date. As
will be remembered, the "city and county of Denver" was
[Vol. LXXVII.
In deciding the present case, the Court holds, first, that the Permanent School Fund of the State is a trust fund, to the faithful adminis-
tration of which the State ispledi;e(l; second, that the eiluoatlonal
instltutlous of the State are not legal entitles or ecbool corporations
and th«t their d;»Dt8 art< debts of the State; third, that the only bonds
lu which the Permanent School Faud of the State can be Invested are
bonds within the debt limit of the State and so oertllled ; fourth, that
the law authorizing the issue of the bouda is illegal and void Ijecaase
it violates both tne Ooastitntion of the 'itate and the Eaabllng Act increasing obligations above debt limit; fifth, that the State Treasurer ,
In refusing to pay money for the bonds, acted strictly in accord with
his duty as a S'^ate olllolal and custodian ot the Permanent School
Fund.
See V. 76,
p. 1433.
Bond Proposals and Negotiations
this
week have been as follows
Alexandria, La.— Bond Q^erinflr,— Further
:
details are at
relative to the offering for sale on September 14 of
$28,000 5i coupon street-paving bonds. Proposals for these
bonds will be received until 4 p. M. on that day by Thos.
Crawley, Mayor. Denomination, $1,000. Date, July 1, 1908.
Interest semi-annually at office of City Treasurer. Maturity, July 1, 1943, subject to call after July 1, 1923.
Certified
national bank check for 8% of bonds bid for, payable to City
Treasurer, required. Bidders must use printed form of proposals prepared by the Mayor. Accrued interest is to be paid
hand
by purchaser.
AudoTer (N. T.) Union Free School District No. 1.—Bond
Sa^e.— Tnis district has sold $14,820
school-house bonds—
$11,400 to the State Comptroller at 100-087 and $3,430 to local
investors at IUO'175. Date of bonds, Oct. 1, 1903. Interest,
semi-annual. Maturity, Oct. 1, 1938.
Ballard, Wasli. Bonds Authorized.— The City Council on
August 10 authorized the issuance of bonds for the improvement of Ferris Street and for the construction of sewers on
Spring Avenue and Ship Street,
Bay City, Texas. Bonds to be Issued,— This city will be
in the market shortly with an issue of $15,000 street and
bridge bands. W. M. Holland is Mayor,
Bayonne, N. J.—Bond Sale—The $50,000 4}^< gold streetformed under the Rush amendment to the Constitution improvement bonds mentioned in the Chronicle
July 11
adopted in November, 1903, and pending the drawing up of have been sold at private sale, one-half to the city sinking
the rew charter the "city and county" has been operating fund at par and one- half to outside parties
at 101 and interunder the charter of the old "city of Denver." The new est. Denomination, $1,000. Interest semi-annually at the
document provides among other things for a Si limit of in- Mechanics' Trust Co., Bayonne. Maturity, July 1, 1909.
debtedness and a maximum tax levy of 15 mills. Franchises
Beaamont, Texas. Bond Issue.— A contract was signed
cannot be granted except upon vote of the tax-paying elec- August 12 whereby E. Nelson, a contractor, Is to build the
The charter gives the Mayor great powers, he having new high school to cost $65,000 and two other school buildtors.
supreme control over every department of the government ings to cost 510,000. Mr. Nelson agrees to dispose of
$75,000
that is not elective, and is even given general supervision
4% 40 year city bonds authorized for tais purpose.
over the elective departments. All department heads (exBee County, Texas.— Bowct Election,— An election will be
cept Auditor, Treasurer, Assessor, Clerk, members of Coun- held September 17 to vote on the question of issuing
$6,500
cil, CouQty Judge and Judges of Municipal Court, all of
bonds for the purpose of repairing and rebuilding bridges
which are elective) are appointed by the Mayor, as is also damaged by the flood on July 3.
the Sheriff.
Birmingham, Ala. Bond Election Proposed. The quesGeoTg\&,— Legislature Adjourns. —The State Legislature, tion of holding an election to vote on the isduanoe of $500,000
which convened in June, adjourned on August 12. This is high-school-building bonds is bei' g considered.
the first of the June sessions, the Legislature having heretoBlonmfleld, N. J.— Bonds Proposed.— The issuance of
fore met in October. The change is due to a law passed in
$15,000 fire- house bonds is being considered.
1903.
Bowling (ilreen, Ohio.— Bond ^a^e.— On August 17 the
m&lue.— State Cannot Discriminate Between Incorporated $2,000 b% sewer bonds and the $3,500 6^ sewer bonds, both
and Unincorporated Places. In response to questions pro- described in V. 77, p. 313, were awarded to the Citizens' Napounded by the Maine Legislature concerning the constitu- tional Bank at 100*75 and 100'40, respectively, and interest.
tionality of a proposed Act relating to the taxation of lands Following are the bids
in unincorporated places, the Supreme Court recently held ^....
12,000... $2,015 00 ,
12.000... $2,007 00
»T i T.
T.
.n
Citizens' Nat. Bank. { 2.600" a,620 00 Lamprecht Bros. Co Vsoo.. 2 5< 9 Bn
\
that such legislation would be unconstitutional. The proP. S. BrlBKS & Co
4,500... 4,61000 New First Nat. B'k... 4,500... 4.60000
posed measure levies a tax of 16 mills upon all lands situated
firitt (Iowa) ladependeat School District.— Bond Sate.—
in the State in places not incorporated as a town or plantaAugust 12 $10,000 5^ 5-lU-year (optional) school-house
On
is
only
mills,
and
in
the
The regular State tax
tion.
2%
creased rate was intended to offset the alleged undervalua- bonds were awarded to the First National Bank of Chicago
Denomination, $1,000. Date, Aug. 1, 1903. Interat 101,
tion of timber lands. In its opinion the Supreme Court says
est, semi-annual.
in part
Caldwell Connty, Texas.— Bond Proposition Defeated.
The Lef^lalature can do more dleorlmlnate in the rate of taxation befween Inoorporateci and unlnoorpo rated territory than It can between The Commissioners' Court on August 11, by a vote of 8 to 3,
different eeotluns of Inoorporaled territory. The apportionment and decided against the question of issuing the $100,000 road
The cri- bonds mentioned in the Chronicle August 8,
aa«es8iiieitt each mutt be equal througtaDUt the whole State
terion CRtabllshed, and beuoe the ouly criterion lo be applied, Is the
Carroll County (P. 0. Delphi), Indiaua.— Bond Offering.
"Jaat value" of the land, wheiever iltaated. The only permissible
variation of the amount of the tax Is that resulting from the differ- —Proposals will be received until 1 P. M., September 8, by
ence In valae. The rate must be the same everywhere. Locality can James C.'Smock, County Auditor, for the following bonds
H
—
—
:
,
,
i
....
5
—
:
be considered only so far as
it
aflects vaLne.
North Dakota.— Bonrf Issue Illegal.—The State Supreme
Court on August 6 handed down a decision holding void
those bond issues based on lands granted to State institutions
by Congress. Among th>^ issues involved are the following:
State University at Grand Forks, $150,000; the State Ag
ricultural College at Fargo, if 135, 000; the normal schools at
Valley City and May villo, $60,000 each; the State Deaf School
at Devil's Lake, $60,000; the State Insane Asylum, the State
Reform School and other institutions for smaller amounts.
The authority to issue the bonds, it is stated, was granted
by the last Legislature for the purpose of erecting necessary
additional buildings and making permanent improvements
The State Board of the University and dchool Lands pur
chased the bonds from moneys in the Permanent School
Fund of the State. State Treasurer D. H. McMillan refused
to advance the money on these purchases on the plea of personal responsibility, claiming that the bonds were not reguMandacnua proceedings were accordingly
larly issued.
brought against the State Treasurer to compel him to make
payment, with the result above stated.
The St. Paul "Pioneer Press "gives the following as the
substanoe of the Supreme Court's findings :
The
Deer Creek Township gravel-road bonds of $700 each. Maturity
$.'4,&00 each six months jrom May 1&, luui, to Nov. 16. 19i3, Inclusive.
Maturity,
80,600 4M)C Monroe Township gravel road bonds of (395 eucb.
$1,076 each six months from May 15. 1901, to Nov. 16, 1918, inclusive.
$70,000 4}{i
Date of bonds, Sept. 8, 1903. Interest, May 16 and Nov. 15
at office of County Treasurer. Certified check for Z% of
bonds required with bids for each issue.
Bonds Voted. This city on August 8
Cheney,
voted to parchass the water plant of the Cheney Water Co.
Bonds to the amount of $8,000 will be issued,
Clearwater County (P. 0. Bagle;), Minn.- BoTid Offering,
—Proposals will be received until 3 P, M., August 26, by Edward Groven, County Auditor, for $iO,000 5% jail and SherDenomination, $1,000. Date, Aug, 31,
iff's-residence bonds.
Interest, semi-annual.
Maturity, 10 years. Certified
1903,
check for 5% of bid required. These bonds were offered but
not sold on August 10.
Wash—
—
Cleveland, Ohio.— Bond Sai«,— The highest bid received
17 for the $.50,000 i% market-house bonds described
in V. 77, p, 263, was that of Denison, Prijr & Co. of Cleveland and Bjston at 101 '37.
Bond Offering —Propoa&la will be received until 12 M,,
Sept. 31, by J. P. Madigaa, City Auditor, for ;the following
August
bonds
——
—
August
——
THE CHRONICLE.
33, 1903.J
$147,000 *% coupon flre bonds, dated Oct. 1, 1903. Maturity. Oct. 1. 1918.
<4O,U0O 4S Cv.upuD brldKU-repatr bonds, dated Oct. 1, 190», Maturllj, Oct.
413
Premium.
1,
Olbsonburg Banking Co
New
it coupon sewer bonds, dated Oct, 1. 1W)3. Maturity, Oct. 1, 1918.
19*i3.
Miiturlly, Dct. 1, lUH.
4» coupon sewer bonds, dated Oct. 1,
it coupon park bonds, dated sJept. 1, 1903. Miitnnty, Sept. 1, 1«)!4.
Maturity, Sept. 1, 1924.
1908.
Sept.
1
dated
bonds,
water
it coupon
*
1st Nat. B'k, Columbus.... •(i!6 00
•
Co., Clnoln
6 00
P. 8. BrUfKB
I
80,000
e.OOO
50 000
60.000
Premium.
I
tSO 00
*
Bid said to be conditional.
Ulbson lounty, lud.— Bonds iVbt Sold.— Ho portion of ,the
Township road bonds offered on Aug. 17
reported
sale of $54,850 of tbe same last week
sold,
tne
was
semi-annnally
at
the
Interest,
DenomiDfttion, $1,000.
Denomination, one hundred and
having been incorrect.
York
City.
cerBank,
A
New
National
Exchange
American
each
and
forty of $80 each. Date, Aug. 4,
of
twenty
$1,000
amount
bid
of
for,
tified check on a na ional bank for 6%
Interest, May IS and Nov. 15 at office of County
1903.
Cleveland,"
of
ia
rethe
City
of
"Treasurer
the
payable to
Treasurer. Maturity, $8,080 each six months, beginning
quired. Bids must be made on blanks obtained from City
$123,200 4)^^ Patoka
May 15, 1904,
Purchaser to pay accrued interest.
Bond Sale.- On Aug. 17, $54,400 4^* White River Town-Bond
Sale,—
Aug.
On
Clerelana (Okla.) School Dlslritt.
ship road bonds were awarded to the National Bank of Sulliin
V.
described
bonds
313,
year
77,
15p.
6%
10 the |4,000
101*19.
Following are the bids:
were awarded to Jas. H. Hale of Pawnee at 105-535. Fol van at
National Bank of Sullivan... $65,047 00 J. F. Wild &Co.. Indlan'Us... •$178,000
bids
the
are
lowing
E. D. Bush & Co.. Indlan'Iis. Q4,400 50 SeaconKOOd <k Mayer, Clnoln. *i;6,000
|4.?21 00 C. M. Ellinwood A Co.. Chic. $4,010 00
Jas 11 Halo Pawnee
Auditor.
I
:
.
|
I
Jno U
Co., ChicaK'o
Hotter, Sprlundold
Jas.' U.'
Cabin.
Koval Trust
4.170 00
4,120 00
4,040 00
|
1
Duke M. Karson &
Co., Chic... 4.005 00
\V. L. Bradford, Okla. City.... 4,00000
4,000 00
I. N. Coulter, Pawnee
bids are for both the $123,200
These
Uiver Township bonds.
•
Patoka Township and $54,400 White
St. Louis
The White River Township bonds are dated May 15, 1908,
(P. 0. PlattBburgh), Hi.Y.— Bond Offer- and the interest will be payable semi annually at office of
County
Clinton
ing.— Ft oi>omls will be received until 18 m., Aug. 28, by County Treasurer. Maturity, one bond of $1,000 and one
Andrew Williams, County Treasurer, for |37,000 'd%% road bond of $36 J each six months, beginning May 15, 1904.
bonds. Denomination, $1,000. Date, Sept. 1, 1903, Interest
Gonzales, Tex. Bonds Registered.— On Aug. 13 the State
annually on March 1 in Pittsburgh. Maturity, yearly on Comptroller registered an issue of $7,000 5% 5-20-year (opMarch 1, $2,000 from 1905 to 1911, inclusive, $5,000 from 1912 tional) street-improvement bonds dated June 1, 1903.
Greenville, Ohio.— Bond Ba/e.— On August 15 the two
to 1915, inclusive, and $3,000 in 1916. Certified check for
Bonded issues of b% street-improvement bonds, aggregating $8,800,
$1,000, payable to County Treasurer, required.
debt, including this issue, $62,000. Assessed valuation, 1902, were awarded to the Farmers' National Bank and the Second
I
.
$6,765,678; real value about $14,500,000.
Colambas (Jrove, Ohio.— fJond OJfertT^.— Proposals, It is
stated, will be received until 12 M,, September 7, by M. D.
Long, Village Clerk, for §33,120 i% paving bonds.
Corinth, Miss.— Bonds Fofed.— This place on August 13
voted to issue $60,000 water and sewer bonds.
National Bank of Greenville at 100-623.
Following are the
bids:
Farmers' National Bank and
Second Nat. B'k, Greenville. $6,842 40
Well, Roth* Co.. Clncln
6,83100
I
H. A. Kean,CblcsKO
Lamprecht Bros. Co.
»5,OoO)
$6,800 00
(for
5,00800
Greenville (8. C.) School District.— Bond OJTering.— ProCrafton (Boroogh), Pa. ttond Sale Postponed.— We are posals will be received until 12 m,, September 10, by P. T.
advised that the sale of the $50,000 ii bonds advertised to Hayne, Secretary BoardS;of School Trustees, for $20,000 6%
take place on Aug. 18 has been postponed until Oct. 6.
Securities^were authorized by a vote of 371
20-year bonds.
Decker School District No. 1, Rosebud Connly, Mont.—
Bond Sale.— On August 10 a $1,000 6^ 5-10-year (optional) to 35 at election held June 30. Denomination, $500. InterBchool bond was awarded to the Royal Trust Co. of Chicago est, April 1 and October 1 In New York City or in Greenat 101. Interest, semi-annual.
ville.
Certified check for $500 required.
Delaware, Ohio.— Bonds Authorized.— The City Council,
notice of this bond offering unll be found among
The
offleial
it is stated, has authorized the issuance of $1,800 5% sewerelsewhere in this Department.
advertisements
the
assessment bonds of $100 each.
East Liverpool, Ohio. Bond Sale.—The only bid received
E, McFarland, Town
Harris, Iowa.— Bond Offering.—
Aug. 17 for he $92,925 4^% refunding bonds, described in Clerk, is offering for sale $1,800 6^ gold water- works bonds.
V. 77, p. 263, was that of VV. J. Hayes & Sons, Cleveland, who Denomination, $800. Date, about Sept. 1, 1903. Interest
offered $10 premium for the bonds.
payable in Harris. Maturity, 16 years; subject to call after
Elba, Ala.— Bonds Fo^ed.— This town on Aug. 10 voted 10 years.
to issue $15,000 water-works bonds.
Homestead, Pa.—Bonds Not Yet Sold.— We are advised
Ellendale, Minn.— Bond Q^ering.— Proposals will be re- that the $100,000 ii bonds mentioned in the Chronicle July
ceived until Aug. 24 by C. C. Campbell, Recorder, for $8,000 4 have not yet been sold. W. A. Kessler, Chairman Finance
6% gold water bonds. Authority, Chapter 200, Laws of 1893, Committee, will entertain proposals for the same at any time.
Date, Aug. 1, 1903,
Interest, semiDenomination, $500.
Hudson County, N. J.— Bond O^ering,— Attention is called
annually in Ellendale. Maturity, $500 yearly on Aug. 1
the official advertisement of this county offering for sale
to
from 1904 to 1915, inclusive. Assessed valuation, $67,370.
September
3 $26,000 4^ 20year bridge bonds. Proposals for
borBonds
Not
This
Sold— Bond Offering.—
Elliott, Pa.—
ough recently offered for sale $30,000 4^ street-improvement these bonds will be received until 4 p. m. on that day by John
bonds without success. The interest rate has now been in- P. Egan, Clerk Board of Chosen Freeholders. For
further
creased to 4)^^, and proposals are again asked for, this time
details
see
Chronicle
last
week,
page
363.
Deuntil August 27, by 03car Gluckner, Borough Clerk.
Hyde Park, Ohio.— Bond O^ertng.- Proposals will be renomination, $1,000. Date, June 1, 1903, Interest semianDuaily in Pittsburgh. Maturity, part yearly on June 1 from ceived until 18 M., Sept. 17, by Frank D. Ebersole, Vil-
K
Bonds are exempt from taxes. lage Clerk, for $3,964 88 5% 1-10-year (serial) Edwards Road
1931, inclusive.
assessment bonds. Date, Aug. 27, 1908. Interest, annually.
debt, $23,000; assessed valuation, S1,250,00C.
certified check for 2% of bonds, payable to the Village
Fort Scoit, Kan.— Bonds to be Issued.— This city is preparing to issue $17,000 6$ 10-year funding bonds. Denomination Treasurer, required.
Indianola (Iowa) School District.— Bond Sale.— On Aug,
Date, July 1, 1903. Interest, semi-annual.
$500.
Fort Worth, Tex.— Bonds Registered.— An additional 3 the $15,000 4i^^ 5-10-year (optional) high-school-building
$4,000 i% 40-year^refunding water bonds, dated July 1, 1901, bonds described in V. 77, p. 264, were awarded to Wm. Buxton of Indianola at 100'46 and blank bonds. Securities are
was registered on Aug. 15 by the State Comptroller.
Fowler Township School District, Trnmbnll Co., Ohio.— dated Aug. 1, 1903.
loniseil Township (P. 0. Barrie), Simcoe County, Ont.—
Band O^crtng.— Proposals will be received until 12 M Sept.
Debentui'e Offering,— Propos&lB will be received until 3 P. M.
1, by W. E, Kand, Clerk Board of Education, P. O. Cortland,
for $6,500 43^« 1-13-year (serial) bonds. Denomination, $500. to day (August 22), by this township, for $3,195 5^ 10 year
drainage debentures.
Date, Sept. 10, 1903. Interest, semi-annual.
Ironton, Ohio.— Bonds iVo^BoW.— No unconditional bona
Geneva, Ohio. Bond Offering. Proposals will be received
until 13 M., September 7, by C. I. Crowther, Village Clerk, fide bids were received August 10 for the $25,000 4% streetfor $25,400 5% sewer assessment bonds. Denomination, $500, improvement bonds described in V. 77, p. 215. Bonds have
Interest, semi- been ordered sold at private sale.
except one $400 bond. Date, Sept. 1, 1903
annual. Maturity yearly on Sept. 1, $2,000 in 1904, $2,500
Jackson Township, Wells County, Ind.—Bonds Voted.
each yearly from 1905 to 1911, inclusive; $3,000 in 1912 and This township on August 12 voted to issue $73,000 pike bonds.
$a,80u in 1913. Accrued interest to be paid by purchaser.
Jersey City, N. J. Bond Issue. The Board of Finance on
Certified check for $1,000 on some bank in Geneva, payable Augufct 19 authorized the issuance of $300,000 4jS gold cityhospital bonds. These bonds are to be taken by the sinking
to the Village Treasurer, required.
tjeorgetowD, S. C.—Bond Offering.— Pto^ob&Ib will be re- fund as an investment. Date of bonds, Sept. 1, 1903. Interceived until 12 M., Sept. 17, by the Commissioners of Public est, semi-annual. Maturity, Sept. 1, 1933.
Temporary Loan. This city has borrowed temporarily
Works, for $75,000 43^« 20-40 year (optional) water and sewer
bonds. Date of bonds, Dec. 1, 1903, Certified check for from the Sinking Fund Commissioners $100,000 at i% interest
$1,000, payable to J. B. Steele, Chairman Board of Commis- in anticipation of the collection ot taxes.
sioners of Public Works, required.
fienmore, N. Y.—Bond Sale.- On August 10 the $4,000 20beorgetown, Texas.— Bo«d O^ering.— Proposals will be year town and fire-ball bonds described in V. 77, p. 313, were
received until September 1 by R. E. Ward, Mayor, for $3,000 awarded to O'Connor
Kahler, New York City, at 104 and
5-40 year (optional) school- bull ding-improvement bonds. interest for 5% bonds,
Denomination, $500. Date, Aug. 15, 1903. Interest annually
Keesevllle, N. Y.—Bond O^ering.— Proposals will be reat office of either tbe State Treasurer or the City Treasurer. oeived until August 31 by A, Charbonneau, Village PresiBonded debt, including this issue, $23,000. Assessed valua- dent, for a $1,000 4^ 10-year water bond, dated Sept. 1, 1908,
tion, $1,300,000. and real value, about $1,750,000.
Interest, semi annual.
Oibsonburg, Ohio.— Bond Sale.— Oa Aug. 17 the $9,697 60
Kerrville, Tex.— Bonds iJegistercd.- School-building bonds
5% street improvement bonds described in V. 77, p. 263, were to the amount of $5,000, carrying i}4^ interest and dated
awarded to the Qibsonburg Banking Co. for a premium of June 1, 1903, were registered by the State Comptroller on
Following are the bids :
$20.
August 14. Maturity, 30 years; subject to call afer 10 years.
1907
to
Bonded
A
,
—
—
—
—
a
&
— —
:
THE OHRONICLK.
414
Kle»ter, Faribault Coanty, Minn.— Bond Sale.—Oa August 17 tbe $6 OUO 6* 20 year waterworks bonds described In
Iron
V. 77, p. 314. were awarded to the Des Moines Bridge
Works at par and interest. No other offers were received.
Kinjjflsher, i)k\a.— Bond O^ertny.— Proposals will be received until September 7 by M. B. Gilbert, City Clerk, for
$30,000 b% water and light bonds. Interest annually in New
York City. Maturity, 30 years. Deposit of |500 required
with bids. Bonded debt, including this issue, $74,000. As
seesed valuation, $351,244.
Lawrence Countj (P. 0. Deadwood), S. Dak.— Bond Offer
i/iy - Proposils will be received until 12 M., September 1, by
E H. Warre-n, County Anditor. for $40,000 6% 10 30 year (opDate, Sept. 1,
tional) refunding beads. Denomination, 8600.
1903. Interest semi-annually at the American National Bank,
Doadwood. Certified check for 2% of bid, payable to the
County Treflsnrer, required.
Leroj, K&n.—Bond 8ale.— An issue of $39,000 43^< 15-year
refuuiling tends has bten sold to the State School Fund.
&
[Vol.
LXXVII.
Denomination of bonds,
$500.
Date, Sept. 16, 1903. Intersemi-annual.
Mill Yalley (P. 0. Eastland), Marin Connty, Cal.— Bond
Q^ennp.— Proposals will be received until 8 p.m., August 25,
by 8. H. Robertj, Town Clerk, for $37,000 street, $4,000
est,
bridge, $7,000 sewer
and $2,000
fire
department 5$ l-4u-year
gold bonds. Authority, Chapter 32, Laws of 1901.
Denomination, $625. Date, Aug. 1, 1903. Interest, semiannually in Mill Valley. A deposit of 10;? required. This
town has no debt at present. The assessed valuation for 1933 is
$700 000.
Milwaakee, Wis.— Bond 1st »es.— Ordinances providing for
the following iseues of bonds have been passed: $80,000 for
schools, $50,000 for a septic tank, $50,000 for westside sewers,
$50,000 for southside sewers and $50,000 for a flashing
(serial)
tunnel.
[
MUwankee
County, Wis.— Bond* Not to be Issued.— Temporary Loan.— The County Board has decided not to issae
tbe $yo,000 bonds proposed to refund securities maturing on
and July 1.
September 1, but instead to borrow $9U,000 at 5;^ for six
A. Garland, City months from the Marine National Bank of Milwaukee, and
Denomination, $500. Interest, January 1
Lexitgton, Kj.— Bond Offering.— Vf,
Auditor, will entertain bids at any time for $3«,000 4% 20
year park b.nds. Several bids have already been received
lor these bonds, but they were subsequently withdrawn on
account of present money conditions. Denomination of
bonds, $100. Interest semi-annually on April 1 and October
1
at the city depositary.
make provision for the payment of the same in the tar levy
of next November. The refunding bonds were offered as
3 per cents on August 5 but were not sold.
Minnesota.— C'er^i/icate O^erinflr. —Proposals will |be received until 12 M , September 3, by the
jard of State Capi-
B
tol
Commissioners— Channing Seabury, Vioe-President, No.
Listewel, Out.— Debenture Offering.— PropoBsils will be received uutil 8 P, M., August 25, by William Bright, Town
Clerk, for $21,500 4% debentures, maturing part yearly for 20
512 Endicott Building, St. Paul— for $300,000 3% certificates
of indebtedness. Date, Sept. 1, 1903. Interest, semi annual.
Maturity, $100,000 yearly on July 1 from 1918 to 1930, in-
years.
clasive.
—
Debenture Offering. This town is offerLiverpool, N. S
ing for sale $35,('00 4% 80-year debentures.
Locbport, N. Y.-Bona Sale.— Oa Aug. 15 $15,000 4^ 1-15year (serial) school bonds were awarded to the Farmers' &
Mechanics' Savings Bank of Lockport at 100*50. DenominaDate, Aug. 15, 1903. Interest, annual.
tion, $1,000.
Long Pine(>eb ) School District Mo. ^.—Bonas Voted.—
This district has voied to issue $5,000 5% 20- year high-schoolimprovement bonds. Interest, semi annual.
Manasqasn, N. J.— Bond O^mng.— Proposals will be received until 8 P. M August 25, by Willis ci. Mount, Borough
Clerk, for $85,0u0 4% 30-year water- works bonds. Certified
check for 5% of amount bid for, payable to F. B. WooUey,
Mayor, required.
Mancus, Montezama Conntj,
Colo.— Bond
8ale.—We
are advised that the $.i5,000 %% 10-15-year water bonds des
cribed in the Chronicle April 11, have been contracted for
at par and interest, $1,000 being taken by a local investor and
the remaining $24,000 by James Dayl, formerly of Victor.
The $24,000 have not as yet been delivered.
Mansfield (Ohio) Schaol District-Bond 0/eringf.— Proposals will be received until 2 p. m., Aug. 27, by H. E. Cave,
Clerk Board of Education (P. O. address 65 North Main
Street, Mansfield), for the $15,000 4%% school-improvement
bonds. Authority, Section 3994 of the Revised Statutes of
Onio. Denomination, $1,000.
Interest, February 27 and
August 27 at the office of the Treasurer of the district. Maturity, $3,030 yearly on August 27 from 1911 to 1915, inclusive.
A certified check in the sum of $1,500, payable to the
Clerk of the Board of Education, is required, and the purThe official circular
ahaser must pay accrued interest.
states that the city has never defaulted in payment, and that
there is no litigation pending or threatened affecting the
validity of these bonds.
Marqaette, Mich.- Bond« Not 8old.—No satisfactory bids
were received August 17 for the $50,000 4% refunding cityhall bonds dtecribed in V. 77, p. 814. This is the second at
tempt within the month on the part of this city to sell these
bonds, the first being on August 8, when 8% P^'' cents were
offered without success. The securities, we are advised,
will be re-advertieed as i}4 P*^ cents.
Maraliall, Mich.— Bond O^erinfir.— Proposals will be received until 7:«0 P. M Aug. 24, by B. L. Gardanier, City
Recorder, for $20,000 refunding bonds at not exceeding 4«
Monroe, Mich.— Bonds iVb^BoW.- All bids received Aug.
17 for the $8u,o00 4% paving bonds, described in V. 77, p.
814, were rejected.
The City Treasurer and the Finance
Committee will probably dispose of these bonds to local citizens.
Mount Pleasant, Mich.— Bcaaon for New Election.— The
elec ion to be held August 24 to vote on the question of Issuing $2,000 street-paving and $8,000 cement slue walk bonds is
the eecoLd held for this purpose. The bonds were voted in
one lump sum last April and were awarded on June 16 to
local banks, the banks subsequently refused the bonds
because two objects were submitted to the voters without
stating how much was to be expended for each. At the new
election the question of issuing $2,000 sewer bonds will also
be submit ed.
Mount Vernon, Ohio.— Bond Ojfering.— Proposals will be
received until 12 m., September 1, by Stephen J. Dorgan,
City Auditor, for $6,000 6^ 1 6-year (serial) smallpox-epidemic bonds. Denomination, $1,000. Date, Sept. 1, 1903.
Interest, annual.
Muscogee, Ind.
Bonds Not Sold.— No satisfactory
bids were received August 10 for the $80,000 school bonds,
described in V. 77, p. 215. Bonds will be re-advertised in the
near future. E. L. Berry is City Recorder.
Nlles, Ohio.— Bond Opening.— Proposals will be received
until 12 M., Sept. 5, by Daniel Casey, City Auditor, for $10,000 4%% refunding water works bonds. Denomination, $1,000.
Date, Sept. 10, 1903. Interest, semi-annual. Maturity, Sept.
Authority, Section 2701, Revised Statutes of Ohio.
10, 1923.
All bids must be unconditional. Accrued interest to be paid
by purchaser. Certified check for $500, payable to the City
Treasurer, required.
Norfolk, y».—Bonds Authorized.— The Select Council has
authorized the issuance of $140,000 Park Place Ward sewer
bonds; also $5,000 school bonds.
Omaha, Seh.— Description cf Bonds.
are advised that
the $iJOO,OUO i]4% bonds awarded, as stated last week, to
Co., Toledo, were taken by that firm at par and inSeltzer
Denomination, $1,000. Dale, Aug. 1, 1903. Interest,
terest.
semi-annual. Maturity, Aug. 1, 1933.
Ten—
—We
&
Orange County, Texas.— Bonds Authorized.— The Com-
missioners' Court has authorized the issuance of $1,980 4%
10-40-year (optional) jail repair bonds.
Orange Uulou Uigb Mchuol District, Cal.— Bond Election.
An election will De neld August 24 to vote on tbe qaestion
Denomination, $1,000. Interest, May 1 and Nov.
interest.
of issuing $35,000 4}4% highscnool-bnilding bonds.
1 in New York City. Maturity, $2,000 yearly on Sept. 1 from
Orleans Cuunty, N. Y.— Bond 8ate.—lt is stated that an
1911 to 1920, inclusive, all unpaid bonds being subject to ciU
after S<4pt. 1, 1913. Bonded debt, incluaing this issue, $135,- issue of $65. 00 4i jail and almshouse hospital bonds has been
000; assessed valuation 19.J3, $2,3ii7,590. Certified check for sold to tbe Mechanics' Savings Bank cf Lockport at par.
Overpeck Towusiup (P. 0. Uldgefleld Park), N. J. School
$5C0, payable to the City Recorder, required.
are advised that tne $21,000
Medicine Hat, Asaa. Debenture O^ering.— Proposals will District.- Bonds Not Hold.—
be received until 8 p. m., Sept. 15, by W. N. Adsit, Secretary
4}^ school building bonds offered on Aug. 8 were uot sold
Trea.sarer, for $14,00J 5% natural-gas debentures and 14,500 5<J and that the district has postponed the putting up of tbe
"gencral-purposb" debentures. Securities are dated Sept. 29, building until next year.
Paris, Texas.— Bonds Fo^ed.- The proposition to issue
190 li, and will mature part yearly for twenty years.
MelgB County (P. O. Pomeroy), Ohio.—Bond Sale.— On $76,0U0 6% 50 year water- works bonds carried at the election
August 17 the $20,000 i}4i funding bonds described in V. 77, held August 7. This is the second time these bonds have
As stated in the Chboniole Jane 27,
p. 264, were awarded to the New First National Bank of been lavorably voted.
an electijn was held June 4 to authorize the bonds, under an
Columbus at par and interest. Following are the bids
Act of the recent L-gislature. It seems, hjwever, that
Par
p. 9, liT\uK» *Co.,Clnolnnatl.... *Par
NewlitNat.B'k, Coltunba*.
*Par
s. A. Kean, (;tiic««o..
tPar
SeasouKOOd & May«r, Cincln
through an oversight of the enrolling clerk of the Senate no
Farson, Leacb 4 Co.. Chlcaeo... -(-Par
• Less a'.tomey'g fee*,
mention is made of the vote on the final passage of the Act
t No deposit accompanied bld.t. as required.
Mercer Coanty (P. 0. Cellaa), Ohio.— Bond Ojjering.— referred to, and therefore there was no official way ot deterThe County Commir»8ioner8 will sell at public auction at the mini jg whether the measure had received the two thirds vote
For this re^tson the
office of Chas. A. Kloeb, County Auditor, at 1 p. m. Sept. 4, necessary to make it eff-ctive a^ once.
Attorney-General decided that the bill did not take effect
the following bonds
until July 1, a ruling necessitating a new election, wbich has
t26.000 t>i Clur.e IVjad Improvement bonds. Matority, $1,600 on Sept. IS, 1904;
t4,<X)0 on Sept. 1&, lwi5, and aiso Sept. 15, ItfOd |1,600 on Sept. 16 of
now been held, with tbe resalt stated.
eacb of the years 1»U7, IW08 aii'l 19 jU.
Pasadena School DiHtrlct, Loj Angeles County, Cal.—
24,60'J M Kvers and Weodel Hoad irnprorement bonds. Maturity yearly on
Sept. 15-t»,S00 in 1<M>4. •4,00U in ltfO», 1900 and 1907 and ti,tiiO In 19u8
Bond Offeting.—PropoB&la will be received until 2 p. v...
,
—
<
We
:
;
and
1»0».
THE OHKONICLE.
AtraxJST 22, 1903.]
gregating |66,0C0, although three propopals, all of which
were rejected, were received for bonds carrying 5% interest.
Keyes, Clerk Board of Supervisors, for
voted at the election held Jnly 20. De
Interest annually at the office of the
Maturity, |3,0C0 yearly on Septembers
from 19 8 to 1937, inclueive. Bonds will be certified to as to
genuirenesfl by the United States Mortgage & Trust Co.,
New York City. Certified check for d% of the amount of
bonds bid for, payable to the Chairman Board of Supervisors, required
Patersun, N. J.— Bond 5a/«.— This city has sold at par to
the estate of G. A. Hobart the $14,000 i% street repair bonds,
offered but not sold on July 20. Denomination, |1,C00. Date,
Interest, eemi-annual. Maturity, June 1, 1913.
Ji ne 1, 1903.
Ind. Ter.— Bond Sale Pottponed. Vfe are
Valley,
Pauls
advised that the eale of the $18,000 5% water and sewer bonds
which was to have taken place on August 15 has been postponed until Sept. 1. Denomination, $1,000. Date, July 1,
Interest, semi-annual. Maturity, July 1. 1928. Bjnded
1903.
debt of town, including this iesue, $43,000. Floating debt,
August 24, by C. Q.
the $50,0( ii bonds
nomination, $1,000.
County Treasurer.
They were
Certified
1
from 1008
to
1
from 1008
lo
&
—
Port Huron, Mich.— Bond* Not Sold. No bids were received August 14 for the three issues of 4<g 20-year bonds, ag-
NEW
^S6,000
HUDSON COUNTY
GOLD BONDS.
PROPOSALS
By virtue of resolutions of the Board of Chosen
Freeholders of the County of Hudson, State of New
Jersey, pasoed at a meetinK held Thursday. Auimst
(5.
1903, sealed bids and proposals will be received
and opened at a Meeting of said Board, to be held in
the Court House, Jersey City,
At
—
We
postponed indefinitely.
Boxton (Tex.), Independent School Distrfct.— Bonda
Voted.— By a vote of 92 to 2 this district on August 8 authorized the issuance of $10,000 echool-buildiEg bonds.
la 8alle
INVESTMENTS.
street.
BONDS
IhlVESTIVlENT
OF
lllnnlclpalltles,
and
Railroads
Corporations,
Suitable for SavinKS Banks, Estates, Tru«t
Funds and conservative private investors.
CHICAQO.
LEWIS & CO.
INVESTMENT BONDS. MASON, BANKERS.
Write for Circular.
SEND FOR
3d, 1003,
drawn to the order of Siepbeu I>I. Eoran.
County Collector, on some Kational Hank or
Truat Coinpiiny for flre per cent of the amount
Paul
:
FULTON & CO.,
4 o'clock P. M..
For the sale of SSfl.OOO 00 Bridge BondH, for
the re-buUdiLK of the Draw of the Bridge Street
Bridge, over the Passaic River, between the Counties
of Hudson and Essex, N. J., to be issued in accordance with an Act entitled "A further supplement to
«n Act entitled A suDplement to an Act in relation
to Countj exoenditures' " (Laws of 1900, p. 66).
The above issue to be four (4) per cent per annum
Reeisiered Bonds, to bear date the first dny of
Srplember. I H03. to run twenty years, interest
payable semi-annually in gold, and to be sold for not
lesstban par and accrued interest.
Kach prooosal or bid must be enclosed In a sealed
envelope, endorsed "Proposals for Bonds," and to
be accompanied by a cenifit-d checU enclosed
St.
&
Municipal Bonds,
171
FOK. BONDS.
THURSDAY, SEPTEMBER
R.
P.
—
a loan of
over until
•'Pioneer Press" says that the State Board of Investment, on
Aug. 18, approved an application for a $80,000 loan from Red
Lake County on drainage bonds. The loan will bear 8^ interest in accordance with the law passed by the recent Legislature. The county originally applied for a loan of $80,000,
but the board decided, it is stated, not to loan the fall
amount owing to the heavy drafts on the permanent school
fund for loans to school districts and townships.
Remington Drainage District (P. 0. Babcock), Wisf.—
Bond Saie. As a matter of record we report the sale on
Niver
April 29 of $20,000 6$ drainage bonds to Trowbridge
Co., Chicago.
Denomination, $5<)0.
Date, May 1, 1908.
Interest, annually on September 1. Maturity from 1912 to
1918, inclusive.
Ripley County, Ind.— Bond O^erinflf.— Proposals will be
received until IP. m., Sept. 8, by Newton Jackson, County
Treasurer, for the following bonds
^^
$21,000 4V<X Brown Township pike bonds of »525 each. Interest. M«r i» and
Not. 1 at the Versailles Bank at Versallies. Maturity. $1,060 each
(ix months from May 15. 1904, to Nov. 16, 1913.
24,000 4Hit pike bonds of Otter Creeli Township. Interest, May 16 and Nov.
15 at the Holion State Bank at Hoiton. Maturity, $l,<i00 (two bonds
of $500 each) each six months from May 16, ]9o«, to Nov. 16, 1910.
Separate bids to be made for each Iseue
are
Rome, Ba.—Bond Issue Postponed Indefinitely.—
advised that action on the matter of holding an election to
vote on the issuance of $15,000 electric- light bonds has been
INVESTMENTS.
LOANS.
1908.
Present,
Red Lake County, Minn.- Drainage Loan.— The
Bonds are dated Sept. 1, 1903. Interest, semi-annually at
Trust Co., New York City,
the United Staies Mortgage
which institution will certify as to the genuineness of the
bonds. Legality of the bonds has been approved by J. H.
Caldwell ot New York City. Certified check for $250 on a
State or National bank of New York State, payable to Albert
See, Treasurer, required with each proposal.
Pony, Mont.— Bonds Not Sold.— Ooly one bid was received
August 10 for the $20,000 5% water bonds, and this bid, being
for 6 per cents, was re j acted. For description of bonds, see
V. 77, p. 815.
I
We
1911, Inclusive.
Maturity, $885 yearly on Sept.
I
year (optional) pchool-hoose bonds, dated Jane 15,
Randolph, Yt.— f.oan Not to be Negotiated at
are advised tbat the sewer project, for which
$7,000 was recently authorized, will probably go
next year.
check for $200 required.
S,S60 street bonds of 1385 each.
ltl7,iucluiive.
:
Seasoneood
Pittsburgh, Pa.— Bond* Proposed.— The issuance of $250,000 33.^? bonds to fight small-pjx is being considered.
Pleasantville, W. ^.—Bond Offering.— Sep&ra*e proposals
will be received until 7 p.m., August, 24, by W. S. Moore,
Village Clerk, for the following bonds at not exceedir g Sjf
interest.
fS.COO watar bonda of (SCO each. Maturity, 1600 yeailj en Sept.
as follows
H. Rolllna t Sodb. Boit.
167.200 00 Denlton. Prior & Co.. CleTe& Mayer, Gin.... en.OOO 00 land ana Boston
teo,OTS OO
Prcotor (Texas) H^chool District.— Bon(/» Registered.The State Comptroller on Aug. 11 registered $4,000 4« 5-20B.
—
$6,000.
415
OENISON,
MUNICIPAL
PmOR ib CO
BOSTON.
CLEVELAND.
Biodgetj Merritt
&
AMD
Corporation
Service
Public
BONDS.
Co.
E.H.ROLLINS & SONS,
BANKERS
16 Coni^ress Street, Boston.
36 NASSAU STREET, NSW TORH.
HTATE. CITY &
Pblladelpbia.
Chicago.
Boston.
LIST.
BOSTON.
San Francisco.
C hicago.
Denrer.
RAILROAD BONOS
therein,
of the
boEds bid
Bidders
tor.
may bid
for the
whole or any part thereof.
The Board reserves the right to reject any or all
bids, if it be deemed for the best interest of the
Coonty so to do.
JOHN
P.
EG AN,
MacDonald, McOoy & Co.,
dUKICIPAL AMD CORPORATION
BONDS.
Clerk.
171
GREENVILLE,
La Salle
4 state Street,
S.
SCHOOL BONDS.
R. A. Lancaster
P.
H.
J.
HAYNSWORTH.
WALL STREET,
NEW YORK.
SECURITIES.
Sontkern Securities a Specialty.
MUNICIPAL BONDS.
E. O.
Kansas Municipal Bonds
D. H.
MARTIN, Topeka, Kan.
121
Stanwood &
Co.,
BANKERS,
Devonshire Street,
BOSTON.
NEW YORK.
OHICA6O.
BOSTON.
PHILADELPHIA.
T. B. POTTER,
MUNICIPAL and BONU5>,
onMH^
CORPORATION
DKAJLXB8 IN
INYESTMENT and MISCELLANEO^]^
Committee.
BouKht and Sold.
Sons^
NO. 10
,
Q DONAL SON,
T. HATNE,
&
BAKKEBS,
GO.,
Public Securities,
BOSTON.
C,
Sealed bids will be received by the undersigned
until the teiith day of Seotember, lOO.^, for Korty
Coupon Bonds of the School District of the city of
<;reenville, >.r of tbedenominatlon of flvw hundred
dollars, payable twenty years after dale with inter
e?t from date, atihp rate ol 6
er cent per annum,
payable semi annual y
A cert ned check for 1500 required to be depoa ted
with each id as guaranty of good faith.
The fight to reject any or all bids is hereby reserved.
''.
Street, Chicago.
PARSON LEAOH &
172 Washic^ton Street,
CHICAGO,
-
-
1LI.».
-
LIST ON AP PLICATION.
$10,000 SHERMAN, TEXAS,
6%
offered at
WATER
an attractive
BONBS,
price.
This city
bM
assessed valuation of over $5,000,000.
HARRY
B.
POW^ELL
&.
Wsedateob, Termont.
CO.
an
THE CHRONICLE.
416
Sajrinaw, Mich— Bond Sale.-On Angust 12 the $10,000 4l
Eastern Taiicg Diitrict sewer bonds were awarded to the
People's Savings Bank of Saginaw at 100-25 and the |25,0C0
4% Western Taxing District sewer bonds were sold to the
Second National Bank of Saginaw at par. Bonds were de-
scribed in V. 77,
a
p. 265.
St Bernard, Ohio.— Bond Scde.—Oa Angn3tl4
the $14,000
30-year sewer bonds described in V. 77, p. 163, were
awarded to the German National Bank of Cincinnati at par
and interest. A bid of par was also received from Season-
good
&
Mayer, Cincinnati.
Francis Leiee District, Ark,— Bond Negotiations.—
This district is negotiating with the Tennessee Trust Co. of
Memphis for the sale of the $360,000 6^ 30-40 year levee
bonds mentioned in the Chronicle July 35. Latest reports
are that while the sale.has not been consammated a deal with
the trust company seems probable.
St. Peter, Minn.— Bond Offering.— PvopoBals will be received until 8 p. M., August 24, by Henry N. Benson, City
St.
Clerk, for $11,000 bf lO-year "Improvement refundment"
bonds. Date, Sept. 1, 1908. Interest semi-annually at the
Chase National Bank, New York City.
St. Petersburg, Fla.— Bond Sale.— Oa Aug. 15 the $13,500
6« 30 year refunding and the $10,000 Q% 30-year water-worksextension bonds described in V. 77, p. 52, were awarded to
the New First National Bank of Columbus for $38,657 50.
This was the only bid considered.
Bonds Voted.— This city on August 4
Salisborj, N.
authorized the issuance of $90,000 street-improvement bonds.
San Pedro (Cal.) School District.- JBonda Fofed.— This
district on August 11 voted to issue $6,000 high-school bonds.
Saandcrs County, 'Set).— Bonds Voted. The question of
iflening |85,000 8>^)t court-house bonds carried at the election
held August 13.
SclinjlerTilie, Saratoga County, N. Y.—Bond Offering—
Proposals will be received until 8 P. M., September 1, by Wm.
E. Bennett, Village Clerk, for $55,000 water bonds at not
exceeding b% interest. Denomination, $3,200. Date, Sept. 1,
1903.
Interest semi-annually at the United States Mortgage
Trust Co., New York City, which company will certify as
to the genuineness of the bonds. The legality of the bonds
has been approved by J. H. Caldwell of New York City
C—
—
&
[Vol. LXXVII.
Accrued interest to be paid by purchaser. Certified national
bank or trust company check for 2% of the par value of bonds
bid for, payable to Hector A. McRae, Village Treasurer, required. Bonded debt (above issue), $55,000. Assessed valuation, $273,680.
Shadyslde Special School District, Belmont County,
Ohio.— Bonti O^ertngr.— Proposals will be received until 8
p. M., August 2tf, by Daniel D. Schramm. District Clerk, for
$8,000 5jl bonds. Denomination, $1,000. Date, Sept. 15, 1908.
Interest, semi-annual.
Maturity, Sept. 15, 1918. Certified
check for $100, payable to the School Directors, required.
These bonds were offered as 4 per cents on June
Sharpsville, Pa.— Bond 0/ertnflf.— Proposals will be received by W. W. Kitch, President of Borough Council, for
$19,000 4<< 10 80-year (optional) bonds. Securities are free
from tax. Denomination, $1,000. Interest, semi-annual.
South Bethlehem, Pa.— Bond« Fored.— The special election held Aug. 18 resulted in 1,038 votes in favor of and 98
against the question of issuing $100,000 4% sewer bonds.
This is the second time these bonds have been favorably
voted. As stated in the Chronicle July 4, the earlier election, held Nov. 5, 1901, was illegal because the notice of
same was not sufficiently advertised. The vote at the earlier
election was 683 for and 238 against. The new election
shows quite a change of sentiment in favor of the sewer
project, the heavy rains this summer having more than ever
shown the great necessity for sewers.
are not advised as
yet as to whether Rudolph Kleybolte
Co. of New York
City (who were awarded the bonds on April 7, 1903, and who
declined to take them, owing to the illegality of the election,)
will accept the bonds now that they are legally voted.
We
&
Springwells Township, Mich.— Bonds Not Sold,— The
:
8K« refunding bonds. Denomination, 11,000. Date. Oct. 2, 1908. Interest semi annually at tbe Importers' & Traders' National Bank,
New York City. Maturity, Oct 2. 19^3.
80,000 i% 2i)-year sanitary bonds. Incerest semi-annually at office of City
$300,000
.
Treasurer.
The American Mfg, Co
MISCELLANEOUS,
Company
Engineering
America^
of
DKALERS IK
(Incorporated)
MUNICIPAL, RAILROAD and
STREET RAILWAY
74-
MANILA SISAL AND JUTE
New
Broadway,
York.
ENGINEERS
CORDACE.
BONDS.
In Civil, Mechanical, Electrical,
NASSAU STREET, NEW YORK.
1
Interest Paid on Daily and
Perry, Coffin
Time
&
Forestry,
New
63-65 Wall Street,
Deposits.
Burr,
Hydmu/io,
and
Metallurgical
Mining Departments.
York.
Plans, Specification* and Hupervlalon
Indtallatlons of plants of all kinds.
THE GRAND PRIX
of Enterprises,
Mines, Smelters, Railways.
BRANCH
Street,
<rt
Examtnation, Reports and Recommendations
on existing properties, with a view to reducing
cost of maintenance and production.
Reports giving the technical and commeroial
possibilities
INVESTMENT BONDS
60 State
For
Toledo, Ohio.— Bonds Authorized.— The following ordinances have passed the City Council, the first mentioned on
July 30 and the others on August 10
Rudolph Kleybolte&Co.
BANKERS,
$50,-
000 4^ sewer bonds offered on July 27 were not sold.
description of bonds see V. 77, p. 817.
MISCELLANEOUS.
INVESTMENTS.
but not
4,
sold.
169 la Salle
Power
Plants,
OFFICES;
CHARLOTTE, N,
D£NV£K, COL.
Street,
CHICAGO, ILL.
0.
BOSTON.
WAS AWABDED AT THK PARIS KXP08ITION TO
NOW
WHITING'S STANDARD
READY.
ever received this— the highest honor thai can be
conferred.
It means they are the most perfect
made. Insist on having them for your line correspondence and yonr office stationery. Are yon using
whiting's LedKer Papers In your Blank-Books.
Samples and booklet free.
OF
WHITING PAPER COMPANY,
Railroad
Securities.
(Iiened Seml^Aimaally
by tbe PubllBhers
A
WHITE &
CO.,
Engineers, Contractors,
They are the only American papers which hare
HA.1VD-BOOK:
CIOlOfERCIAL
G.
J.
PAPERS.
HOL.YOKE, MASS..
And 150 DuANE Street - New York.
of the
FniANCLiX OHRONICLa.)
SECURE BANK VAULTS.
JULY EDITION.
29 Broadway,
New
•
York.
Investigations and Reports on Electric
Railway, Gas, Electric Light, and
Power Transmission Properties
for Financial Institutions
and
Investors.
and Electric
Power Plants Financed, Designed and Bnllt.
Electric Railways, Electric Light
LONDON CORRESPONDENTS:
J.
G.
WHITE &
>^2a Collese Hill,
CO.,
I^lmlted,
Cannon
St.
TERMSl
91 00
Price of Sln«;le Copies,
T6
To SnbMcrlberii of tbe Clironlcle,
To
Banker!i and Brokers In quantities, with th«tr
g\\\. on the cover, at special rates.
•ards lettered in
Bureau
GENUINE
WELDED CHROME STEEL AND IRON
aoond BHd rial
tsara
Drilled,
&0.
and poiltlTely
BnrRlar Proof.
WILLIAM B.DANA COMPANY
Pine Bueet,
cor.
Pearl Street,
New
York.
CHROME
Expert Investigation
8TEEL.
WORKH,
BaleManTerslnttaeCS
BROOKLiYN,
The
Investigation of properties, franchises, patent*,
eta Tests, plans and specitlcations. Supervision
of contracts and raanacenient of properties.
35
Kent Ave^ Keap and Hooper Sta^
N. Y.
&
Construction.
and &-Ply Platea and AnRl»
FOB 8AFB8, VAULTS.
Oannot be Sawed. Cut or
of
NASSAU STREET. NEW YORK.
Telephone 8214 Cortlandt
—
August
THE CHRONICLE.
23, 1903.]
Toaloa, III.— Bond Sale.
—This
city has sold
$3,000 sidewalk bonds.
to
Whatcom Coauty (Wa><h.), School DiatrUt No. 17.— Bond
Sale.- On August 8, (6,000 4:J4% school bonds were awarded
to the State of Washington at par. Denomination, $1,000.
Date, Aug. 8, 1903. Interest, annual. Maturity, 10 years,
subject to call after one year.
Wlnnetka, III.— Bonds Proposed.— It is stated that the
question of building a $75,000 gas plant is being considered.
We presume bonds will be issued if the plunt is built.
Winuetka (111.) School District.— Bonda Fofed.— This
district on August 15 voted to issue $16,500 school-building
bonds.
Yaukton County (P. 0. Tanktou), So. Dak.— Bonds Not
Sold.— mo bids were received Aag. 18 for the $30,000 4« 10
30-jear (optional) court-house bonds described in V. 77, p.
318.
The county will now try and sell the securities at private sale.
Tonkers, N. Y.—Bids.- Following are the bids received
August 10 for the $100,000 i% water bonds :
an issue of
—
Treutoa, Toan.—Bo'uis Proposed. The issaanoe of bonda
parchase the electric-light plant is talked of in this
city.
Tnllahoma, Tenv.— Bond Election.
— An
417
election will be
held August 25 to vote on the question of issuing waterworks and electric- light-plant bonds.
Tupelo, yU»s.— Bonds A'ot Sold —All bids received Aug. 15
for the $60,000 5^ gold water and sewer bonds described in
77, p. 317, were rejected.
Tyrone, Va.—Bond OJ^ertngr.— Proposals will be received
until Ang. 24 by H. L. Heeser, Chairman Finance CommitDenomination, |100.
tee, for $10,000 4% paving bonds.
Date, Sept. 1, 1903. Interest, semi-annually at office of the
V.
Borough Treasurer. Maturity, Sept. 1, 1923. Bonda are
issued under Acts of the Assembly, passed April 20, 1874, and
April 13, 1897. Bonded debt, including this issue, $87,400.
Assessed valuation, $1,952,000.
Wahoo, yeb.-Bomta Voted.— By a vote of 444 for to 37
against, the proposition to i^sue $8,000 school-hoase bonds
carried at the election held August 5.
Walla Walla County (Wash.) School District No. 1.Bond Sale.— Oa August 17 $63,500 10-30-vear (optional)
school bonaa were awarded to N. W. Harris & Co., Chicago,
at par f r 4^2 per cents.
Wbpakoneia, Ohio,— Bond Sale.~On August 17 the $11,000 5<8 deficiencv bonds described in V. 77, p. 287, were
awarded to the First National Bank, Wapakoneta, at par.
Warren, Pa.— Bond Offering. Proposals will be received
until 13 M., Angnst 31, by T. O. Slater. Chairman Finance
Committee, for $30,000 4<? sewer bonds. Denomination, $1,000.
Interest. April 1 and October 1, at office of Borough Treasurer. Maturity, 30 years, subject to call after 10 years.
Bonds are fiee from all State or municipal taxes.
West Uobdken, >. J. Redemption Bonds Not to be Issued.
The Council has not authorized the issuance of $31,000
redemption bonds as was at first reported, but has authorized
the payment of $31, COO outstanding certificates held by the
Hudson Trust Co., of Hoboben, with cash now on hand.
Bonds Proposed. An issue of $76,000 school-house improve-
Bonds are dated Sept. 14, 1903. Interest will be payable
semi-annually at the office of the City Treasurer.
Purchasers must be prepared to take the bonds not later than
Sept. 14, the money to be delivered at one of the city banks
or at the office of the City Treasurer.
certified check
for 2% of the amount of bonds bid for must accompany proposals, which must be made for each block sep-
ment bonds
arately,
102-50
Bank. New York
Oominlck & Domlulck, N. Y.... 101-43
First Nat.
As
.100-86
to the First
City.
llimrod Sewer deficit bonda of $158 eacb. Maturity, $168 yearly on
Oct 1 Ircim IV'Od to 1910, incluilve.
460 5% Tod and West Avenue sewer-deflcit bonds. Denomination, $90. Maturity, one bond jearl» on Oct. l irom IxOt) to IwiO, inclusive.
150 S$ M'Guffey Street grading- deficit bonds. Maturity, one bond of $90
yearly on Oct. 1 from IWnfl to 1910, Inclusive.
8,600 6t Soutb Avenue grading bonds of t7i>0 eacb. Maturity, one bond yearly
700
5!t
on April
1
from 1UU6 to
1910, inclusive.
A
—
MISCELLANEOUS.
INSURANCE.
ORGAJSIZEI) 1S42.
1903.
ATLANTIC MUTUAL INSURANCE COMPANY,
_ Trustees,
„
TM
xn Oonformity with the Charter of the
Insurance Co.
awarded
.
11,000 t% siKnal-apparatus bonds of t320 eacb. Maturity, (320 yearly on April
1 from 19' 6 to 1910. lnclu»lve.
2,930 6il sewer clettclt bonds of t68eeach. Maturity, $586 yearly on Oct. 1
from 1H05 to 1909, inclusive.
contemplated.
States Life
New York
.
Yoaugstown, Ohio.— Bond O^eringf.— Proposals will be re7, by Wm. I. Davies, City Clerk,
—
The United
Seymour & Co., New York.
ceived until 3 p, M., Sept.
for the following bonds :
—
1850.
E.
stated latt week, the bonds were
National Bank of
<
ii
1
New York, January
.
20th, 1903.
Company, submit the following statement of
affairs on thejrsl of Decemiir, iqo2\
Marine Risks from Ist January, 1902, to 3l8t December, 1902... $3,293,079 76
Policies not marked off Ist January, 1902
791,851 53
its
IN
THE CITY OF NEW YORK.
John
P.
Munn, M.D.,
President.
Premiums on
Premiums on
Total Marine Premiums
Premiums marked
Finance Committee:
$4,084 931 29
off from 1st
Interest received during
tlie
January, 1902, to 31st December, 1902
$3,284,527 73
year
$293,165 92
122,523 04
$415,688 06
"
JAMES R. PLUM
"
Leather Bent
less Taxes
CLARENCE H. KELSEY,Pr.Tit,Quar.&Tr.C!o.
Losses paid during the year whioti were estimated
WILLIAM H. POKTEK,Pres. Chem. Nat. Bonk
in 1901 and previous years
••
Losses occurred, estimated and paid in 1902
Active and snccesaful Agents who desire to
make DIKECT CO-N'TRACfS with this wellestablished and protrresslve Company, thereby
aeoorlng for themselves not only an Immediate
return for their work, but also an increaslug
annual iuoome comm'^nsurate with their
Bnocess, are Invited to communloate with
RICHARD E. COCHRAN, 3d Vloe-Presldent,
at the Company's Office, 277 Broadway, New
York aty.
AMets, over $8,600,000.
Insurance in Force over $46,000,000.
The Investment
Company
Tliia
$2,000,000
•
Profits, $1,000,000
Company nndertakes the neKOtUtlon and
iMtie of loam and capital of Companies on the New
York or Philadelphia Market, and wUl make advan•e« npon approved Corporate, Personal or Real
secnrlty.
Under Its charter rights it will act as Trustee,
Axent or Manager for the control of corporations or
lor the eonstrnction of pabllo or private works.
tat«
Atlantic Olntaal Insarance Companr Merl»
•r All Years BonKht and Sold.
JOHN M. GILLESPIE,
Boom
Financial
NEW YOBK
Review 1875-1903.
The 29 annual issues. Price, $45.
since 1885, $2.
WILLIAM B.
76J6
Pine
Single issues
DANA CO
St., cor.
202,201 64
Eetums of Premiums and Expenses, $477,850 08
$1,344,939 18
The Company has the following Assets, viz.:
United States and State of New York Btook; City, Bank and other Securities
$5,391,199 00
Loans pecured by Collateral, and special deposits in Banks and Trust Company 1,497,088 76
Real Estate corner Wall and William streets, cost
Advanced on account of Real Estate and Lien held thereon
Other Beal Estate and Claims due the Company
Premium Notes and
Bill
$2,667,000
300,000
75,000
Receivable
Cash in the hands of European Bankers to pay losses under
foreign countries
Cash in Bank
.
Pearl, JSew Yorli.
3,032,000 00
1,058,489 37
policies payable In
188,675 59
262,607 84
$11,430,060 56
interest on the outstanding certificates of profits will be paid to the holders
Wiereof, or their legal representatives, on and after Tuesday, the third of February next.
The outstanding certificates of the Issue of 1897 will be redeemed and paid to the holders
thereof, or their legal representatives, on and after Tuesday, the third of February next, from
which date all interest thereon will cease. The certificates to be produced at the time of
payment, and canceled.
A dividend of Forty per cent is declared on the net earned premiums of the Company
tor the year ending 31st December, 1902. for which certificates wUl be issued on and after
Tuesday, the fifth of May next.
By order of the Board.
Six per cent
G.
RAVEN, President.
PARSONS, Viee-Pres'l.
VICICER8
A
FliO YD- JONES, Secretary.
CLEMENT A. GRISCOM.
ANSON W. HARD,
JOHN D. HEWLETT,
LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT,
CHARLES D. LEVERICH,
LEANDER N. LOVELL,
GEORGE H. MACY.
CHARLES H. MARSHALL.
CORNELIUS ELUEBT.
A. A.
F. A.
STANTON
TRUSTEES.
EWALD FLEITMANN.
6CSTAV AMSINCK,
JOHN N. BEACH.
FRANCIS M. BACON,
WILLIAM H. BOULTON.
VERNON H. BROWN,
WALDRON P. BROWN.
JOSEPH H. CHAPMAN.
GEORGE C. CLARK.
JAMBS O. DE FOREST,
WILLIAM B. DODGE,
No. 513 Atlantic Building,
49-61 Wall Street,
$1,547,140 82
$118,295 96
83,905 68
Amount
Vorth American Bldg., Philadelphia.
gorplas&UndiTld.
$288,529 63
1,258,611 19
Less Salvages
Re-insurances
of Philadelphia,
Capital Stock,
=^^== r
PHELPS,
N*w York.
INVESTMBMT BROKERS,
HI6H38T GRADE RAILROAD
29 Wall Street
BONDS.
W. H. H. MOORE,
LEVI P. M(JRTON,
HENRY PARISH,
FRBDEKIC A. PARSONS,
DALLAS B. PRATT,
GEORGE W. QUINTABD.
A. A. RAVEN.
JOHN L. RIKER,
DOUGLAS ROBINSON,
GUSTAV H. SCHWAB.
WILLIAM C, STURGES.
CORNELIUS ELDERT, sd Vice- PresH.
THEO. P. JOHNSON, jrf Yice-Pres't.
r>/-\TVTT-NQ and STUCK
CERTIFICATES.
Oi^lNUo
Engraved Work.
Finest
Also cheaper— but not cheap-looking— partly lithographed and partly type-printed, fluished In a
few days. Send for samples.
ALBERT
B.
KING
<fe
CO.,
Engravers and Li hographers,
(Telephone OoRnectioD.) 103 William St..
N.Y.
)
:
THB rHKONTCLB,
418
[Vol. L.XXVI1.
^vtvst ^ovxpnnits.
BEAUMONT
FIDELITY TRUST
TRUST
COMPANY,
CO.,
NEWARK,
BEAUMONT, TEXAS.
Kew York
'i'i
139 Cnniion
139 La
!4i.
Capital, Surplus
1.
C.
MOORE.
Trejisurer.
Does a General Trust Company, Flduolaiy and Banking Baslness, and has 8];>eolal
fftolllUee, botli here and abroad, for handUnfr
Railroad and all other Oood Seouritlea.
ExeouteB trusts of every description, and acts
as fiscal aseuta and registrars for approved
•ompanles.
CONTINENTAL
BANK & TRUST CO.,
FORT WORTH, TEXAS.
Charterei), J ply
26, 1870.
BOMAR, 1st Vice-President.
D. B. KEELER, 2d Vice-President.
A. M. YOUNG, Cashier.
Geo. Thompson, J. V. Goode,
E. P. Bomar,
R. W. Flonmoy
W.
C. Stripling.
United States & Mexican
Trust Company.
OFFICES.
City of Mexico,
lA San Francisco No. 4.
KanHaa City, Mo.,
Hryaut BnildlnK.
Chlcaco,
91t2 N. Y. Life Bnilillni?.
31 Lombard Street.
III
I'OndoD,
Oapltal,
Sorplut,
OFFICERS:
McCAKTKR
Prealdeni
JOHN F. DKYDKN.
Vice- Prealdeni
JKUOIYIIi TAYLOR,
Trnai Offleer
FREDERICK W. EGNER. 8ee. and Treaa.
JAOIEH H. SUACKLETOM,
CHARLES
LAWRENCE
OIRECTOR8:
HARRY RUBENS,
GRAEME STEWART
THOMAS R. LYON.
BARLING,
UAJC PAM.
CHAB. T. BOYNTON,
P A. VALENTINE,
FRANK O. LOW DEN.
A. J.
Felok,
Bernard 8transa,
John C. Eiaele.
Wm. H. niolntrre.
wnilaBi Soheerer,
Anthony R. Kuaer,
Schuyler B. Jaokaen. Benry R. Wlnthrop,
Deal H. ncCartor,
Mark T. Cox,
Jerome Taylor,
Henry M. Doremaa,
Otto U. Kahn,
N. Coler Jr.
MDRRA
MAX
W. Alexander, CharleaA.
Wm.
DAWES.
President.
Vice-President.
A. UHRLADB, Vice-President.
O.
Y, Sec y * Trust Offloer
WILLIAM H. DAWES. Cashier.
L. D. SKINNHR, AssU Cashier
MALCOLM Mcdowell, Asst. Secretary.
PAM, General Counsel.
Dl RECTO R8t
John F. Urrden.
Henry 8. Redmond.
Jamea H. Hyde,
Lealle U. Ward,
Bdsar B. Ward.
Q.
W. IRVING OSBORNE,
Aaat. 8eo. dk Aaat. Treaa.
Jaa.
94,000,000
1,000,000
BANKING,
William H.8taake. Jacob E. Ward,
Robert U. AlcCarter,
Thomas N. McCarter.
ALBX. H. RBVELL
CHARLES Q. DAWBS.
SAVINGS AND
DEPARTMENTS.
TRUST
.
OFFICERS AND DIRECTORS:
WILKINSON, President.
K. U. Carter,
Profits
Forrest F. Dryclen,
Transacts a eeneral banliine business, accepts and
pay? Interest od gavlnes deposits, acts as axeut for
any HpproTed tinaijclal business, manages and sells
real estate, l«oli9 after estates, makes real estate and
other ioans and investments for clients, condncts
mortKaiie foreciosares. takes charue of lltiKatlOD
and docs a jceneral tldnciary and trust business.
Horeaa Jones,
ILLINOIS,
CHICAGO
tJKAL H.
HORACE U. LANEY. Secretary.
ALFRED H. EVANS, Asst. Sec
D. T.
& Undivided
89,000,000 00.
BAILKY. Vice-President.
D. BA RTON. Vice- President.
Hon. B. C. DUKK, Vice-President.
JASON
J. G.
OF
J.
over
Salle Street.
& W. THOMPSON. President.
H.
N.
l^ondon, Eutrland,
City,
PInr Street.
Cblcnso,
J.
CENTRAL
TRUST COMPANY
Maryland Trust Cr\,
W.
N.
The Merchants
Loan & Trust Companyt
ni*r
Cnlveri and tiiermnn Streets,
BALTIIUOKI^.
CAPITAL, - - $2,125,000
SURPLUS, - - $2,437,500
A
Legal Depository for Court and Trust Funds.
SAFE DEPOSIT BOXES FOR RKNT.
Acts as Financial Agent lor States,
Rail'oads ana other Corpornt'OU8.
Chicago.
ESTABLISHED
Coi
Cities.
Towns,
Transacts a
Jiends mcey on approved
security. Allows interest on spei lal dep"8i'.s. Acts
asTrusiee under MortKaces. AsslKnments iind Deeds
of Trust, as Aaont for iheTranKfer or Registration
of Stocks and Bonds, and for the payment of cou-
general trust business.
1857.
CAPITAL AND 8CRPLU8, S<{,UUO,UUO
GENEKAL BANKING.
Accoanta Solicited.
Trust Department,
High Orade Bonds,
Foreign Department,
Savings Department,
Safe Deposit Vaults,
pons, interest and dividends.
J WILL' OX BROWN. President.
J BOWIJOIN, Ist Vice-President.
LLOYD L.JACKSON, 2d Vice Pre»ident.
McLANE, 3d Vice-Pieddeut
CARHOLij
NESS, Secret my St, Treas.
L. S. ZIM.MEKM AN, Anst Secy & Asst.Treas.
HENRY
ALLAN
VAN
IMreclortt:
Wm. A. Marburg, J.WillcoxBrown J. A, Tompkins,
B. N. Baker.
S. Mandclbaum,
H. J. Bowdoi'i.
Leopold Strouse, Kred'k W.VVood John Pleasants,
DIRECTORS:
Marshall Field,
Albert Keep,
A. H. Burley.
Ellas T. Watklns,
Enos M. Barton,
E. D. Hulbert,
Cyrus H.McOonnlck,
Lambert Tree.
Henry Walters,
W
Erskine M. Phelps,
AndrewD,Jone»
J.
L. Blxckwell.
B.BnobsJr., JoshuaLeverin«, Geo. C. Jenkins,
J..hn S. Wilson,
Lloyd L Jackson, .James Bond,
H A. Parr,
Ci.A.vonLingen. J. S. Lemmon,
Clayton C.Hall,
L. F. Loree.
Moses J. Wentworth,
B. H. Gary,
Orson Smith.
The Trust Company is legalized in
Mexico and under its charter has special
facilities for
handling
all
kinds of trust
business in that country.
EXECUTIVE OFFICE,
Wm. Mlddendorf Pres. A. H. Batherfoord,Tr«as
B. L. Williams, Vice- Pres. H.P.P»«e,8ec.*Aadltor
B. C. Hathaway, General Manager.
J.
,
Railways and Light
of America,
Co
59
Acts as Registered Accent
and
Plants, ate.
Purchases Electric Railways
Waterworks, let
Examinations made and r_eports fai
Btahed on
New York
AND
classes of indastrlal properties.
JAIME8
C.
YOUNG,
President National Realty Company.
Properties,
COMPANY,
TRUST
COLONIAL
Paul
Correapeodenee Solicited
EDWARD
St.
CANFIELD,
Street,
Tn.apHowi
-
New
Building, 222 Broadivay, IVew ¥ork.
Capital, Surplus
BOND BROKER-
and Undivided
7686 CovrULSTt"
Fred. H.
BORN a.
RICHARD DET,.AFIELD,
CORD MKYER,
> Vice-Presidents.
JAMBS W. TAJ'PIN,
)
Banker and Broker,
BROADWAY,
NEW YORK.
N. T. Consolidated Stock Bxchanee.
BONDS AND HTOCKM
Boavfet and Hold for Cash or on Itlarcia.
Correspondence Inrlted.
Tatapkone 1886 Cortiandt
Established 188S
$2,400,000.
OFFICER81
Smith,
Member
Profits,
Transacts a General Trast and Banking Business.
Allows interest on Daily Balances.
York.
JOHN
66
Jersev
JOHN W. UARDEMBKHUH, President Commercial Trust Company of New Jerier.
ROKERT 8. RO.S8. Vice-President Commercial Trust Company of New Jersey.
WILLIAni C. SUERWtlOU, Vice President of the Company.
EOICNO W. WAHKLEE, Treasurer of the Company.
GEOBGK W. YOUNG, President United States MortKaee & Trust Company,
riaaoee*. Bnilds,
20 Broad
New
DIRECTORS.
CUYLER, Cuyler, Morgan 4 Company.
0!!lCAR L. GUBELMAN, Treasurer Commercial Trust Company of New Jersey.
BALTIMORE, MD.
all
in
C. C.
COHTIMEMTAL TRUST BUILDIMti.
Llcibilns
Corporations
for
As Transfer Agent and Registrar for Corporations of all States.
NEW JERSEY OFFICE, 15 EXCHANGE PLACE, JEUi!!i£Y CITY.
BXSOtTTITI OmOBI
lectrts
CEDAE STREET, NEW YOEK.
K.
President
ARPAD S. GR088MANN, Treasurer
EDMUND L. J UDSON, Secretary.
PUILIP
8.
BABCOCK,
Trust
Officer.
TRUHTEESi
Henry O. BaTemerer, Daniel
AnMon
II. Fio^iv'er,
LoTfell
John
.'>l.
Palmer,
E. Itorne,
Richard Delafleld,
Cord .Heyer,
O' Day,
Fercival Kobne,
Frank Cart Ian,
Vernon II. Brown,
S«th M. Mililken,
W
I'erry Belmont,
T. Ward well,
Henry N. Whitney,
Theo. W. Alyera,
Wm.
Mewdra Webb
L. C. Ueaaar,
Geo. Warren Smttk
8. Olckeraen.
Jamea W. Tarpln,
Geo. W. (|alatar4.
John
@FedFRASER