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1
.
1
1
.
1
finanrial
flmntfru
Eutorod
iiccontiUfT to
VOL,
Act of C^ntrress, in the yenr 1903, by
CLEARINGS—FOR JULY
ALSO SINCE JANUARY
1903
1903
ill.
1902.
5,9— ,77.1,696
6.593,631,581
521,59*1.642
lMtt,-:.>,ir;;h
•.'.'l.(M)(i.213
2U2.ivS;1.94ti
Baltimore
l(K).44vS.^«l
;iy,071.5'
t7.-'11.7i;4
Pblla.lcIpUla..
BuUhIo
Albany
Scranton.
Syra. use
6,220,0:)3
|j,0t»,7(!5
5,712.954 +5-6
5,241,959 +11
3.242,693 +20-9
Wlliniiiirton.
Wllko
4 210.1 Wi
liarro.
Wheel u
n
UreensburK..Chester
Total Middle..
Boston
Proviilenco
,
Hartford
I3,40.-),49*2
New Haven
Woroe.-ter
,
Sprintrfleld.
PortlnnJ
Kail lUver
Lowell
New
&!M,700,180
2y.443.000
Bedford....
Holyoke.
Total N.En«..
11.259,163
7,5:!.j.M4
U.UbS.t>S5
7,s'3-<05f
•J,9tn,77a
2,025,42^
2,171.312
y.33«.l.>3
t>a0,6«8,038
023,885,814
28,799,300
13,651,242
8,660,9Sb
7.201,606
7,494,586
7,061,096
l,476.519.5(ks 1,26
.:>-l2,lo;)
-4-2
+3-2
New York
+
— 1-3
+ 11-5
+ 10-5
+0M
Pittshurfjli
16-9
+129
110,555,941
81.284,993
51,256,316
40.310,491
36.772,191
28,25S,,S17
,9.59.231
l-K-.i
,391.,s;l4
+;i-2
-Uf
+27
2
+1"
—7-7
23,101,140
13,107,000
14.019.61IS
13.901,091
5,00 8,032
167
724,4.".:^
I
+ 17-5
-r.'-i
-1-1 -.'I
10 ,953,200
12 ,129.10.-)
+
+
10 ,10:!,43I
t :i3
19'7
l.-.'8
6
4.,.9,">5.714
+1-1
4S,101,2(i2,10o 4y,552,a7S,l(>&
— 2-9
1,041,938,158 4,108,950,267
209.322,000
206,947 80(1
—1-6
84,65;>.2u(i
84,695,133
52,567,0ss
+6-9
r)5,-.i.5().160
+22
+3-8
;>
-h\-J
T-0-.7
-,-5-
/Vllmijy
3,,400,000
Uocliester
Utica.
Sera ill on
,316,333
,239,758
,425,738
SyriKtiise
,'202,187
818,375
.538,716
Whoe.in?
6;i8.402
003,785
Hinsihamtoii
453.300
345,301)
408,608
426,481
433,028
321,444
407,102 Not inc-luilt
190,163 Not include
Grecn.sburir
Chester
Kne
E'riiiiklin,
791,339,979
Cineiniiati
101,t»9.i.l00
72,tilb,7"
"
Cleveland.
Detroit
Uoslon
Providence
16,161,367
11,677,316
+ 12-4
4,609,898.574 4,668,318,369
—1-3
IndliinapoIlB
45.044.347
33.093,194
32.305,003
Columbus.
Toledo
1^1,412,700
13,725,60t>
Peona
Grand Rapids...
Il,0o0.9o3
8.317.945
7.791,3:2
5,835,508
3,239,500
AUlwaukee
.
Dayton.
dronsTtlle
Akron.
Sprinefleld,
+4-3
—0-6
+031,0;7.,s?0 +6-5
+402:J.052,6I
I
18,557,900 +154
13,831,711 —0 8
9,558,279 +15
150
7,200,278
7,138,303 +9-1
7,801,194 —'iOi
+
.3,212.700
2,SSti,15'
2,824,77
3,032.255
2,9.i9,119
Le.xington
3,00<1,27U
2,4t;3,882
Canton
2,4(.i9,54
2,309,794 +26-9
"
1
2,506,315
1,926.884 +251
1,673,349 -I-24-5
1,695.288 +9o
111...
\ounKstown.
Kalamazoo
Bockford.
2,083.08'i
Sprinetield,
Ohio
Bloominjrton....
Quincy
Decaliir
Manstield
Jacksonville.
111.
Jackson. Mich...
Ann Arbor
1,853,918
l,4i4,3«4
1,160,852
1,595 304
973,893
891,05
8i3,::>50
3(i3,9oo
ToUliLWest.
+3i
—
+9-3
946,417 +23-^
1,303.20.'
1,233,893 rs;9-3
915,505 --6
8&1,745 --4 3
757,27ii
31 .9m
1
1,172,752,157 1,065,327.273
--8-
+1"
+101
5,123,988,890 4,903,004,221 +4-5
11-1
697,723,500
627,6:54,000
484,649,990 430,504,»6-, +l:i-6
301.2l>i,484
310,142,711 -2-9
219.662,. 83
199,555,216 +10-1
189,220,46
lol,178,6i)0 -1-2.-.-:=;
137,499,600
114,244,900 +20-3
»3,183,Sa7
80,4:17,414 +15-8
81,7;«.887
78,703.047 -f3-9
55.935.343
46.226,378 21-0
17-3
51.150,203
43,606,279
37.412,96«
34,427,352 +8-8
22.562,000
19,8t4.(ino +i:i-7
20,683,591
18,3-^3.913 +12-9
+
t
19.y88..592
18,114,51;i
20,(;47..")32
14,9J6.14s
17,968,523
15,530.723
13.476,084
12,729,504
11,351,154
9.117,844
8,301,960
6,484,396
e,409,784
5,949.o93
2,776,481
l(i,72i»,524
14,.557,216
+10-3
+31-8
+7-4
+6-7
+13-3
+13-3
+11-5
+6-6
+S-1
+2-6
11,891,617
11,237.160
10.176,74;
8.543.549
7,679,241
6,320,676
5,897,685 -I-8-7
5,268.07H +12-9
2.551,073 +8-9
,666.774,009 7,191,747,091
..
llarllord
Ponland
Kali
+00
,
,
Holyoke
New England.
Chlcaeo
Cincinnati
Cleveland
Detroit
.Milwaukee
1
,
uilia'.apolis
Columbus
Toledo
I'eoria
Grand llapids
Dayton
Ij^Tansviile
Akron
VoUUKStOWU
Kalamazoo
Canton
Kockford
Spriiigfleld.
O
Bloomington
Wumcy
Decatur
Mansfield
Jacksonville
Jackson.
Ann Arbor
Total Mid. Western
San Francisco...
Los Angeles
Seattle
Salt
Lake
City.
.
Portland
Spokane
Tacoma
Helena.
Fargo
Sioux tails
Total Pacific.
Kansas City
Minneapolis
Omaha
St. Paul
8t. Joseph
Denver.
Des Moines
To. other West
St. Ix)uis
New Orleans
5,316.5(ii
3,996,.s83
2,498,839
1,957.291
6&1.505
Norfolk
Fort Worth..
Birmingham
e....
Au{;usta
Little lU)ck..
Macon.
Chattanooga
'nt...
2131,90
1,860,969
l,12.i,132
194,467,936
+146
24,617,192 +86
19,035,254 +6-1
18,504,464 +11-0
7,870,173 1-1 3-y
6,289,117 —8-1
+3-;
5,: 24,437
4.045,541 -12
2,214,344 +12-6
285
2,736,974
17-:^
592.44s
+
254,451 313
209 019,085
209,633,350
49,598,084
43,187,414
18,379.:«1
9,S3S.O00
18,559,79a
11,492,579
9,851,193
8,669,441
7,104,411
6,; 08,278
7,265.657
19,5ti4.121
11.3;8,0ls;
^
5,409,v;u
274,6 76, iSJo
24.852,907
12 368.000
Atlanta.
Nashville....
11,772,610
7,100,952
55.894,9<;0
33,363.37,;
44,1-.;3,105
Memphis
15,424,:>66
5.5,868.321 +0-5
29,142,268 +14-5
...
Savannah
864,956,031
172,312,512
115,127.140
84.885,354
96,313,611
01.064,466
56,741,945
16,745,431
15,514,307
7,250.373
78,413,781 +13-2
...
Riciimi/nd...
112.310.022
20.808,089
16.324,682
88,760,794
72,249,567
Houston
Beaum
223,163,584
20,540,302
8,966,921
5.751.707
Fremont
Knoxvu
19,370,209
12,054.214
13,624,185
9.50! 1.5 b
7,715.578
2,373,478
3.795,586
1,261.511
20,195,93.s
Topeka.
Davenport.
Wichita
Colorado SprtoRs
Lonisrjiie
26,186.2iJ7
26,737,970
Siou.T City
Galveston
127,303,99s
12,89i,&03
10,041.«i;
10,916,982
6,781.61ti
7,33<i,011
5,307.081
5,357.256
3,12i,l62
4,048,754
2.853,000
3.013.037
l.b99.380
4,049,:i82
3,309,2.il
1 'i09.0o3
i,oa4,42i:
1.543.4.11
4<>S.73o.S:ds
42i!,704 035
9,7b7.&4.5,ri:« io,i7(i.irr2,:
3,577,UUl.iy6
79,322,25;";
46,407,4 ro +?:'">
37,044,7:;2 -ro3*2
16,33s.5l8 +2-5
11,999,605 +21-0
6-4
7,749 349
—
1,491,611,190 1,284,650,097
579,801,382
377,806 910
231,729,539
1/5,019,818
-13-7
+21-4
539,828,281
3 12,7-14,094
208,600,866
159,481.384
+161
m
151,0.54,059
138,:i67,6l>l
-1-9-2
122,722,210
132,l.i6,3iH
+0-4
04,7.)7.82i
44,396,; 59
39,323,354
29,853,296
23,309,736
13,7s0,317
5,4«3,770
61.241,319
46,742,93
38,710,900
33,084,71i
17,70.j,6i:
19.5i:6,631
5.157,65.:
l,8u9,021,971 1.763,355,432
-j-5-7
— 5-0
+ 1-6
—9-8
—2!)4
+5-0
+6-0
121,784.987
+309
96,6<!2,2;o
112,70-1,2^1
+15-8
80,361,60.'-
09,000.146 4-16-5
+53-;
73,160,066
47.455.529
46,677,35s
37,817,616
32,160.541
39,926,670
28,769,969
22,300,000
20.555.293
15,524, 1 77
11, .563. 39 7
50,624.6.S4 -hl4-0
43,265,6-29 +9-7
+
41.044,86
1
+13-7
Tacoma
Helena
Kargo
Sioux Falls
Total Pacific.
Kansas City
Minneapolis
Omaha
Paul
Joseph
Denver
Des .Moines
Sioux City
Topeka
Davenport
3<i3.090
4.88,429
306,251
539.707
.•!72.466
130,425,979
133,207,261
390,866
345,105
132,176.884
154,370,308
21,503,650
15,228,260
9,271,377
0.975,321
6,355,541
4.045 500
3,034,420
2.401,439
1,737,414
1.568,359
1,004,544
152,985,008
18,232.550
15 191.942
10,087,402
6,147,5u3
5,370,17u
3,914,200
3.177,557
2,404.662
1,764,796
1,418,144
967,593
560,000
651,393
509,381
505 11«
520.612
Houston
Worth
Birmingham
Fort
+47-6
+19-1
26,167,467 +9-9
Augusta
Little Rock
21,796,1)96
:«,.i31,8-<!4
19,3-24,00';
15.543.601
ll,S.il.865
Chattanooga
-f32-2
1
Benumont
-1-3
-2
10-1^
3.202.230.:; 16 :i.l31,6ay.4i'6
-4
G7,030,6rN.2'>' G7,.502.'J4»,fi:;
+5.1
-0-8
11. 0.30.
-il,088,434.U30
Miicon
+ 15-4
+ 5-3
Jacksonville
Charleston
Total Southern
Total all
Outside New York.
972,6:38
846,851
449,000
434.204
376.846
373,512
484,393
353,091
278,293
271,512
384 090
331,427
364,211
220,190
304,280
327,222
170,876
24.^,221
263,880
193,81)0
183.-2t.<
67.66:
125,794,693
13,944 200
11,038.994
8,827.370
5,710,400
3,080,654
2,48i;,350
2,404.674
1,774,291
1,095,2;6
1.027.998
648,646
460,000
4.50,045
247,302
820,000
507,203
a7 1,175
221,568
265.415
231*154
240.000
80,000
169,010
173,605
66.822
65,000
163,294
135,000
+2-8
202,61 1,54«
181,430,702
25,816,502
3,804,275
3,442.00
3,574,903
2,319.645
1,412,160
3451,595
2^1.,836
352.616
226.539
51,660,590
42,779,96X
21,258,572
10,931,194
7,019.601
5,882.906
4,209.000
4,2^1, 91»
1,600,000
8.5,179
19,167,798
11,414.790
5,92 1.469
5,302,642
4,015,813
3,80 361
1,788.765
1,151.683
l,l;.3.721
1,171,27-.^
666,771
764,40.470,61.6
500,000
Louisville
136,775 261
16,547,000
13,664.394
10,991.663
6,036,876
4,507,181
3,070,650
2,512,843
2,169,597
1,178.000
356.8;59
121.426.834
+15-5
600 006
Total other \Ve8t'rn
St. Louis
New Orleans
—21
29,814, 139
5,213, 960
4,510, -^96
2,788, 679
2,668, 961
2,050, ISO
1,604 ,828
441 ,524
v\'ichita
Fremont
349.991
1,049,601
666,354
496,840
336.266
i!26.969,l30
233,2iS6,260
Colorado SpriEKS...
Knoxviile
0-7
+ 6-0 2o,^j5,3lHi,30]
Spokane
31,9.;6.37i: -[-I8-4
W5
+4-3
739,923
2,727,11j3
i!2
2,886,196
1.825.000
1,002,848
1,078,562
735,876
-2-1
+20-8
247,414
151-860
21,271,555
2,101,158
2,570,980
l,8o3,290
1.655.67 a
910,949
1,049,669
7yl.75l
240.703
146.102
38,57 5, 73^
32,601,629
+10
9
19 186,036
+18
5
13.935,981
9,007 083
5,678,632
4,675.647
+452
+26-2
-2L-1
—20
—4-2
8,887.822
5,635.223
4.385.058
5,757,166
4,147.200
1,249.903
+9-1
+4-6
10-9
++0-
,
—240
975.97si
—33
—12
983.645
1,433.290
4y5.360
717.61
14y.y60
b
+i;7-5
—10+57 9
600,000
120 1)2
+6-3
+9-7
56,76y,0i.
41,30.5,250
+242
41.490.315
6,553 514
8,594,67
3,643,0(0
28,437.887
6,950,234
8,452,349
2,420,000
2,318,000
3, 109,014
4,650,432
2,007,000
3,575.94c
2,49i)81
-1-30-1
2,615..50(i
-fl9-9
— 14-6
3,819,012
2.938,861
l,753,,il6
+25-6
1,887,1
l,:;9(i.506
l,2o:!.10<i
6;t8.75i
56 r, 5,-17
694.412
411.000
559,652
450.000
305.560
1,040.516
94,030,553
611,513
804.026
584.000
450.000
34.-),.501
85.771,3415
2,003.70:5.172 .'.242.0^6.439
765,/ 19,310
^TTable Clearlnss by Telegraph anu Canadian Clearlnsa on paee 379.
+26-i
1,292.362
1,247,433
+y-o
1.4.s2,3l2
1,328.02;
1,031,:346
+175
+393
718,436
609.101
—
7-;
—20 6
+24 4
1.1.52,719
1,036,449
729,2^5
479.015
518.000
386.623
450.132
718,090
323,167
544,000
200.050
308,102
193,30i
7:54,050
—13-1-30 -4
—0-2
3i;2,234
iiicUiOt-
1,53.>.217
1,342.812
-t-lOl;
l,-.i85.00(i
97.-5,67
3,:-)6:5,422
:iy
9
+6
1,716.85
116.871
46,308 584
—09
9,5y8.4i<;
3,742,:^21
4,713.890
l,3a7 116
647,881
837,735
1,088,870
460,515
54.226. j3i
+71
9,870,474
8*9.6:^6
702,637,604
25,322,473
2,398.286
+ 150
5.59,790
-Vo!
+370
-1-31-0
—
l,-.i71,463
189,651
1,835,336
1,762.422
1.396,5^0
1,400.000
1,150,000
+5-4
-l-lli-2
824,616
400,369
Atlanta
Nashville
Norfolk
99.:>02,000
126.:349,300
5.337,700
kt,352,229
1 ,315 003
1,113,627
1,:500,717
92.:i03,li 2 -1-22-1
15.5,.jl)7.174
+25
+ 17-6
+8-3
+ 19-8
936,049,431
1,408,910
1,601.417
1,352,516
l,293,8sy
4,2-*),l8y
2,l:i 1,075
Si,202,75l
295.9,17.64..
186,419.055
113,99ii..300
—55
Lake City...
Portland
St.
St.
-155 1,343,579,167
tal.
tal.
1,640,609
1,490,439
1,408 ;>46
1,365,372
Richmond
Savannah
Memphis
3i;0,4l6,735
+31-1
8alt
472,900
242,135
296,497
109,900,232
5.539,100
liaiveston
+2+35-2
383,798.548
+0-9
.
Seattle
980,664
2..5.50,268
+14-8
-3-6
69,902.507 +7-5
451,275.043
— ro
San Francisco
Los Angeles
1,243,203
1,033,605
19,641,220
6,05; ,347
2,405,355
2,570,605
2,079,309
135,634,317
6,368,200
50,278,520
45,391,045
10,575.525
9,507.716
5,777,633
2,728.500
-0-3 1,432,704,980 1,512,740,050 —5-3
3.765,831 +7-5
2,595,000 +9-9
2,2 IT. 948 +33-0
Total South
Total all
OntSKij X. Y.
98,:»o,l,i:
H-i5-
3,301,207 -)-62-3
Jacksonville, Fla
3,7aO.U71,9o;
+8
749,716,191 +15-3
139,703,2u; -I-23-7
97,982,596 + 17-0
1.321,229
1,120,141,045,915
630,073
31,516,:j35
2,51'.l,l()6
556,234
569,998
461,595
468.932
423,165
327,746
304,822
370,000
272,808
210.239
209,966
220,000
70.386
Le,\instou
783,061,789
86.447,837
117,.5-<;6,844
655 500
568 552
SpriugHekl. In
1,183,135.610
87,683,796
35,711,973
20,217,67
5,289,278
2,335,146
2 947,413
2,313,066
14,082,345
5,875 800
2,167 o.:o
Klver
Lowell
New Bedford
16,516,778
13.122,212
+120
1
1900.
553,483
353,400
401.534
299,405
1,435,081,270 1,698,423,763
+2-4
—169
706.051.437
97.7s6.950
73,055,455
44,733,9H2
Pa
Total .Middle...
Total
Chlcaec.
1903
1,735,7:1;
1,275.80
1,057,590
1,320,129
SprinBfleld
16,935.9.'jl)
2,52i),01>9
,470,454
.
+40
4-6
—
]4,068,.530
2,973,93
Wilmiuvtoii.
Wilkes Uarre
1,240,997
1,314,245
1,374,163
600,871
28,409,2/3
3,4(>6,<.»21
10-.:
2,0-2.i,6ll
2.391.291 —15-3
2,442,010 —11-1
1.8y0.8Sl +23-4
—3-
3.,2-J-.'.
Worcester
47,667,762
42,5;6,221
29,780,179
707,245,484
liiitralo
WiisliinKton
New Haven
51,751,030
44,2ti5,291
Baltimore
+0-3
+8-5
50.35.;,
+279
+25
-200
3,700,07'.^
1,
1.
1901.
>rc.
.240. (165.308 1,477,217,129
104,,3;i8,6:i6
135,179.206
45, 9ll.:!91
42,123,579
20, 112,106
22,134,072
5,,66l,:i84
5,1,55,283
Philadelphia
—1-6
50,5<;6,;oi
1 i.;
Mic. nr
I
111,,697.67
101, 133.8 l."i
84, 156,6il,")
43 ,606,261
39 ,468,770
32 ,808,675
1.684,100 flh-i
7,o'-t),4iio,736
4.3,504 .51.'),992
3.529.219.327 3,419.,277.922
August
ciuiiiiu
1902.
1903.
n.r.
12;!.376,2.-)0
1,902.8-15 +10-;
1,702.338 +;.3-8
6.59.714 +3-6
B,a47,6-U.S0ti
1(H)2.
at—
Clearings
In.nr
+2-9
+169
2,105.7t<0
tl83,00o
tVeilerick
MU. 1989.
1903.
8,
Waohintrtou, D. C.
CoiiffrosR.
J,
701,;,249,411
:'.,305.S87
L'.lilS.IOl
olHooof Librarian of
Week
602,146,61k
187 002.075
IS.CNO
l,9UI.3O0
3..!
Blnj^h.'imcoii..
+20
+9-1
—05
'HW
."i.SVil.'itt-J
in tlio
GLEARlNOiS—WEEK ENDING AUG.
ALSO SAME WEEK 190 1901, 1900.
1903.
1902.
1903.
— 9-5 41,675,:i91,9->)
7,yoy,u73
ll.i'.W
....
01
100,993,875
24.869.250
16.730,915
15,3iW,512
14,891.44
17.310.449
Roc-li ester....
Daw Uompanv.
IV
5et<en M.i>nUi>:
CTMnH'TS at
liw;:.
AND
AND
Jul\j.
Wa-shinston..
vm
SATURDAY. AUGUST
77.
New York
Wir.i.i
d
ID lo
+9-6
al
80.500413
1.874.370,27.:
691,414,665
64,990.131
.3.S5.91'.;
511
603,951,732
—
THE OHBONICLE.
270
[Vol. LXXVII.
inary Income statement for the fiscal year ending
THE FINANCIAL SITUATION.
opened the week very like its
Wall Street
Two additional
predecessor in spirit aad character.
itook houses failed, which brings the total failed
The larger of the
firms within three weeks up to six.
two this week was interested to an important extent
in the Virginia-Carolina Chemical Company, that
Of
interest being the chief cause of the collapse.
affairs
June
30 1903 issued the present week by the Union Pacific
Bailroad.
In the general demoralization prevailing
on the Exchange, the price of the common shares of
that
company
compares
with
week got down to 68^, which
with
104f last January and
this
August
of last year.
If the fact did not
113i in
stand out so prominently that securities are being thrown overboard regardless of the quesof
announcement
the
tion of merit, one might suppose that there was
course on Wednesday, following
nearly
all
and
increased,
depression
the
Inherently weak in the situation of the
failures,
something
the
Bat since that day con- property to account for the great shrinkage in the
prices declined materially.
market price of Its shares. But what does the income
siderable improvement has developed.
the
of
important
more
the
statement referred to disclose as to the property? We
As already stated,
two
latest
casualties
was
due
to
the
large
in-
find, of
course, a large increase in gross earnings as
—
—
the Virginia- Carolina Chemcommon stock of that la-
compared with the twelve months preceding an InCompany. The
crease of no less than $3,674,910. We also find what
ical
dropping
points
off,
Tuesday
7
dustrlal sold on
we were likewise prepared for an augmentation in
to 26, and on Wednesday it dropped again, touching expenses amounting to but little less than the gain In
It follows, therefore,
21, but recovering to 23f at the close ; Tuesday the gross receipts, viz., 13,187,990.
preferred dropped from 99 to 80 and Wednesday that the enlarged volume of business yielded but
the high mark this year for little return In the way of increased net no more
It closed at
85 ;
the preferred was 128^ February 18, and for the than $386,920. But even so, the final results for the
It could not require twelve months are
common '66f February 19.
encouraging in the extreme.
very exhausting work on the part of the bears to de- After providing for all fixed charges and for the 4
velop insolvency out of such a situation, for at a time per cent dividends on the preferred shares, a balance
like the present, as soon as discrediting rumors about of $11,314,852 remains for the common stock.
The
stocks of that description and so held begin to circu- call for the 4 per cent dividends on these common
late, almost every one of the ordinary buyers of them shares was only $4,350,692, so that over and above
disappears. In this case too, the coming disasters had the dividends on both classes of stock a surplus of
C48t their shadows before, for the disasters had been nearly 7 million dollars (16,964,160) remained on the
two dajs brewing and the market was already in a operations of the year. Seated in another way,
per
cent dividends were
4
nervous, unsettled state. Hence on Wednesday as while
paid
on
demora
general
the
common stock, over 10 per cent was
soon as the failures were announced,
In the previous fiscal year the
alization of the market occurred, the values of stocks earned on the same.
declining with but little discrimination. The lowest surplus above dividends was almost equally large,
record of this entire low period was In very many amounting then to $6,315,961. For the two years together, therefore, the surplus has been $13,280,131
cases reached on that day.
Thursday there was no doubt a change in the charac- all of which, not being distributed la the shape of
ter of the dealings. L%rge buying set in, and from quar- dividends, went back into the property in one form
ters having ample resources to absorb whatever the bears or another, adding to its strength and value.
were ready to offer and to turn the tendency of prices
Another evidence of the disturbed conditions preinto advances pretty nearly through the list. This
new movement was at the close of that day so pro- vailing is found in the record of the municipal bond
nounced that those who had been selling were driven sales. On page 310 of to-day's issue of the Cheonito cover. Yesterday the same general features prevailed, CLE will be found our review of these sales for the
the feeling on the Street being that, barring accidents, month of July. It tells the same story as did the rethe downward course of affairs had been arrested (ex views for the months Immediately preceding, discloscept possibly in the case of some special properties), ing the failure of large numbers of municipalities
and that the values of good securities had finally not throughout the country to dispose of new bond Issues.
only reached but dropped below bed-rock. We do not In many Instances no bids ac all were received, and
mean that there can be any very material or rapid in other instances the bids were at unsatisfactory figA ures, and hence were rejected. The summary which
recovery. The situation does not warrant it.
yesterday
that
we have prepared shows no less than 67 bond offerrumor was current Wednesday and
a combination of capitalists had been made to sup ings during July for which no bids were received
These unsatisfactory
port and put up values. Such an idea has no fact to or the bids were rejected.
reader
knows,
as
the
have
presustain it. Buyers with ample funds, It is reasonable to conditions,
having
recorded
suppose, became convinced Thursday that certain vailed for some time, June
stocks were selling below their worth, and as there was 55 unsuccessful offerings of this kind and May
that exceptionIt does not appear, either,
no special financial weakness at this center any where 36.
terest
of the
firm
iu
—
—
among banks, bankers
low Interest rates have been the sole cause of the
Anj market inability to sell the bonds. Three and a half per cent
for securities or for commodities, when it reaches that bonds of course hardly go at all now, except in the
Cohoes, X.
state will of itself bring about jast what happened case of the most favored municipalities
Y., having made a third attempt to sell bonds bearing
on the Stock Exchange.
visible
or stock brokers, the
ally
condition of prices invited purchases.
—
that rate
and
failed.
But on
analysis
we
find that of
not now the 67 unsuccessful offerings in July only 5 consisted
governed by considerations having reference to in- of 3i per cents. On the other hand, 26 were 4 per
trinsic merit, finds a capital illustration in the prelim- cents, 7 were 4^8, 16 were 6s, and 3 were cases where
That values on the Stock Exchange
are
August
THE
8, 1903.]
(
HRONIOLE.
\he rate of Interest offered Is not known to us. Altogether there is much food for reflection in the results.
271
of $37,281,400 of public funds, the surplus
reserve
Is
One feature of the statement was the
$993,200 deposits over loans; in the preThe Pennsylvania Railroad statement of earnings vious week the loans exceeded the deposits by
The bank statement of this week should
for the month of June has been issued the present 45,522,900.
week. It shows that this great railroad system is refiect the transfer to this city from San Francisco of
telegraphic order and the payment
still increasing its gross earnings in a magnificent $166,000 through
way, but unfortunately expenses keep expanding in of $473,200 Seattle checks representing Klondike;gold.
The refunding operations which began April 1 and
almost equal degree, leaving a comparatively small
Improvement in the net. On the lines directly terminated July 31 resulted, after including bonds in
$33,380,426.
excess of
operated east of Pittsburgh and Erie, the addition to
gross earnings for the month Is reported at $1,231,800
and the augmentation in eipecsesat $1,107,900, while
on the lines west of Pittsburgh and Erie an increase
_^
groes and of $811,700 in expenses ap-
of $888,900 in
the mails on that date, in the exchange of $81,009,400
2 per cent consols for 3 and 4 per cent bonds $16,-
—
017,500 of the former and
Of the bonds offered for exchange, $27,455,550 came
from national banks.
$64,991,900 of the latter.
On
the combined lines, therefore, there has
been $2,120,700 Improvement In gross for the month,
pears.
Money on
call,
representing
bankers'
balances,
loaned on the Stock Exchange during the week at 3|
with only $201,100 .Improvement In net. It Is proper per cent and at If per cent, averaging- about
2f per
to say that this follows $1,766,500 increase in gross cent ; the firmer tone was chiefly due to the disturbed
and $770,800 increase in net on the combined lines in condition of the stock market caused by failures and
June last year and $996,100 increase In gross and disquieting rumors and also to the larger volume of
$763,300 Increase In[netjn^ June the year before. In trading. On Monday loans were at 2 per cent and at
the following we furnish a six-year comparison of the If per cent, with the bulk of the business at 2 per
gross and net on the lines directly operated east of cent.
On Tuesday transactions were at 2^ per cent
—
Pittsburgh and Erie the only portion of the system
for which we have the data for such a comparison.
liims BAST ov
1908.
1901.
1902.
IfiOO.
1899.
1898.
PlTTSBCTHa.
June.
10.827,f5P
earnlnKt
OpcTst'g expenses 7,380.960
OroM
Net eaminirs..
3.t0«.t-99
I
t
9.5C6.06i)
8.482.769
7,192,886
6,766.735
6.248,435
6,ai8.0«0
6.&78.461
6,281,410
4.509,610
4,080.410
3.882.999
3,904,S9b
1,971,426
1,857.226
1,228.026
Jan. 1 to JtitM 30.
Qresa earnlnxB
30,166.876 68,419,878 48,451,476 40,881.311 83.148,911 81.863,811
Operat'K expenses « 2.881.719 35.778.419 32,646.919 28,577,981 24,666,561 28,824,661
Het earnings
17,888,65'; 17,641,467 16,904,567 12,343.360
8,483.850
8.688.760
NoTB.— Theee figures Inoludfl the Bafialo & AUegbeny Valley Division for 1901, 1902 and 1903. In June, 1901, the earDlnjcs of this
division were, approximately, gross, $678,724; net, $417,874. From
January 1 to June 30 the earnlDKS of this division In 1901 were
approximately $3,620,865 gross and $1,161,707 net.
As June completes the
fiscal year, it is
first
half of the compacj's
interesting to note that on the Eastern
represented in the foregoing, there has been
$6,736,400 increase in gross over last year with $317,900 decrease in net. Similarly the Western lines in
lines, as
the same six months gained $3,214,800 in gross but
lost $227,800 in net.
The fiaal result for the whole
system is a gain of $9,950,200 in gross and a loss of
$646,700 in net for the half-year.
There was no change in the oflficlal rates of discount by any of the European banks this week, and
open market rates at London and Paris were easy,
while at Berlin and Frankfort they were firm. The
Edropean security markets were unfavorably affected
by the situation In New York. The notable feature
of
the
Banks
statement
last
of
the
New York
Associated
week was the important gain
of
$7,-
and at 3 per cent, with the majority at 2^ per cent.
On Wednesday loans were at 3 per cent and at 2^ per
cent, with the bulk of the business at 2^ per cent.
On Thursday transactions were at 3^ per cent
and at 2 per cent, with the maiorlty at 2i per
cent.
On Friday loans were at 3 per cent
and at 2 per cent, with the bulk of the business
Banks and trust companies loaned
at 2^ per cent.
Time loam
2^ per cent as the minimum.
chiefly
only
demand
this
for long
were in
fair
and
periods, and there was no inquiry reported for short
dates.
Quotations for loans on good mixed Stock
Exchange collateral were ii per cent for ninety days,
5 per cent for four and 6^ per cent for five to six
months. Commercial paper was firmly held and the
business was principally confined to out of town.
Merchants generally sought accommodation at their
banks, in the form of discounts, Instead of offering
their notes on the market, and consequently local
buying was small. Bates were 5f per cent for sixty to
ninety day endorsed bills receivable, 6|@6 per cent
for prime and 6j@7 per cent for good four to six
months single names; the 6f per cent rate for the
at
best class of single
names was
for those
running for
four months.
The Bank of England's minimum rate of discount
remains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety-day bank bills in London
2f per cent.
The open market
rate at Paris
per cent and at Berlin and Frankfort
cent.
it is
is
2^
3t(§^3^ per
According to our special cable from London
however, the Bank of England lost £1,033,685 bullion during
disappointed
expectations, and instead
of the the week and held £35,024,686 at the close of the
looked for decrease there was a gain of $964,- week. Oar correspondent further advises us that the
800, due, it was reported, to re-loaning of money loss was due to imports of £48,000 from South Africa,
which had been released through liquidation of specu- to exports of £20,000 to South America, and to shiplative accounts on the Stock Exchange and also to ments of £1,062,000 net to the interior of Great
014,900
in
the
cash
reserve.
Loans,
m( rcantile borrowing. The deposits were increased Britain.
$7,480,900, causing an augmentation of the required
The foreign exchange market has been lower for all
reserve by $1,870,225.
Deducting this sum from the kinds of bills this week. Continental as well as stergain in cash left $5,144,675 as the increase in surplus ling, influenced largely by offerings by bankers of
reserve, carrying this item to $24,060,075, against bills drawn against the sale abroad of Union Pacific
$27,980,776 January 31, which was the highest of the notes, which, as stated last week, began to affect the
year. Computed upon the basis of deposits, leas those market on Friday.
It is reported that considerable
.
THE CHRONICLE.
272
[Vol. LXXVII.
amounts of bonds have been directly placed In Earope
The market oloaed at 4 8310@4 8320 for long,
daring the week by leading foreign bankers against 4 8550@4 8560 for short and 4 8580@4 8690 for
which exchange has been drawn. The aggregate of cables.
Commercial on banks 4 82^®4 82| and
these drafts has been variously stated at from $5,000,- documents for payment 4 82@4 83^.
Cotton for
000 to |16,00O,OQ0, bat bankers express the opinion^ payment 4 82@4 82i, cotton for acceptance 4 82^
based upon their observation, that the amount will ^4 82f and grain for payment 4 83 @4 83^.
not
greatly exceed the minimum above
menThe following gives the week's movement of money
tioned.
for
sight
The
market
bills
was
to and from the interior by the New York banks.
somewhat affected
toward the middle of the
week
discrimination
by
which
was
reported
Reetived by Shipvedlyv
Ntt Interior
Week ending Aw/ust 7, 1903.
2f. T. Banks. Cf.r. Banks.
liovevienL
to have been made by
bankers in the interior
Cnrrenoy
$6,909,000
(3,786,000 Gain. t8,124,000
against what are known as single-name drafts, and Gol«t..
924,000
624,000 Gain.
800,000
this is said to have given color to wholly unfounded
Total Kold and leeal tenders.
$6,833,000
93,409,000 Gain. 3,434,000
ramois that some foreign banking houses in this city
With the Sub-Treasury operatloas the result is as
were embarrassed. These reports were cabled abroad, follows.
...
thus accounting for the above-noted disturbed condition of the foreign markets, resulting from the fear
New York
correspondents of London honses
were in trouble, owing to advances made upon properties which had sharply declined in market value.
that
There have been some considerable amounts of com
mercial bills against grain and a few against
cotton for delivery next month, but offerings
The fall
of spot commercial drafts have been small.
in sight exchange to 4 8640@1 8550 on Thursday
gave rise to some expectations that the gold- importing point, about 4 8475, would soon be reached, providing the declining tendency should not be checked.
Usually, however, whenever exchange approaches the
point at which gold can be profitably Imported, obstacles are effectively Interposed at the European
centers to defer the movement. The Assay Office paid
$765,824 64 for domestic bullion. Gold received at
the Custom House during the week $23,480.
Nominal quotations for sterling exchange are 4 84
@4 84^ for sixty- day and 4 86i@ 4 87 for sight. Actual
rates for sterling exchange on Saturday of last week
were a shade firmer, at 5 points recovery to 4 8580@
4 8590 for sight compared with those at the close on
the previous day; long and cables were unchanged.
On Monday the market was easier at a fall of 5 points
for long and short, to 4 8350® 4 8360 for the former
and to 4 8575@4 8585 for the latter, while cables were
10 points lower, at 4 8610@4 8620. On Tuesday long
was steadier and 5 points higher, at 4 8350@4 8365,
while short and cables were 5 points lower, at 4 8570
®4 8580 for the former and 4 8605 @4 8615 for the
On Wednesday the market was weak all
latter.
around and long fell 25 points, to 4 8325@4 8340;
short 20 points, to 4 8550@4 8560, and cables 25
On Thursday the weak tone
points, to 4 8580@4 86.
until
toward the close, when there was a
continued
Week ending Awmst
7,
Banks interior movement, as above
Sub-Treasurj' operations
Total Kold and le^al tenders.
The
Net Change in
Bank
Banks.
82,300,000
»26,709,000
$25,709,000
Holdings.
Gain. $3,424,000
Loss. 2,000,000
«3,409,000
«6,833.000
20,3 0,000
following table indicates the
in the principal
j
Gain.
amount
1,424,000
of bullion
European banks.
August
Bank
Out of
Into
Banks.
1903.
6,
August
190S.
7, 1902.
of
Bngland
France
Gold.
SUver.
£
£
£
36,678,106
14,600,000 20,460,000
35,060,000
18,988,000
2,316,200
21,303,200
14,203,000 19,686.000
16,145,000 2,027,600
8,840,100
6,486,700
10,426.800
4,860,000
6,675,700
11.525.700
2,90i,00i
1,454,000
4,382,000
3,086,667
1,648,333
4,630,000
46,3.i8.000 12,996,000
Italy
Netherlands
Nat.Belg'm..
lotal.
Silver.
£
102,299,164 45,049,980
34,27H,C00 12,041,000
81,344,000 8,978,cnO
Russia
Ans.-Hung'y.
Spain
Goldl.
35,024,886
35,0?4,e86
Germany
lotal.
£
86,578.106
147,349,094 104,663,339 44,978,541 149,636,860
46,319,000 37,269,000 1^,785,000 51,' 54,000
90.322,000 74,693,000 9,0 '1,000 81,704,000
68.323,000 44,146,000 12,636,000 66,731,000
83,788,000
18,172,600
Tottbls week ^88,707,050 109781830 448,48^,780 335,«33,llv 110237174 445,870,286
Tot.prev. w'k 341,229,748 1103324^9 461,592,217 335,519,821 110114457 445.633,778
A'EW
LEAF IN THE HISTORY OF THE
STEEL CORPORATION.
Mr. Schwab's resignation as President of the
United States Steel Corporation and its acceptance
by the board of directors at their regular meeting on
Tuesday, together with the new business arrangements and announcements made on the same occasion, have thrown to the winds every one of the marvelous bear stories which have from time to time
been put afloat to the disparagement of that company and its managers ever since the current liquidation began. It is amazing what a mass of baseless
statements have thereby been turned inside out and
their emptiness demonstrated.
None of these have been more malicious than those
bearing directly upon the retirement of Mr. Schwab.
We do not wonder that he should complain of this
kind
of treatment, broken down as he is in health by
Long declined 25 points, to 4 83@
slight recovery.
4 8310; short 10 points, to 4 8540@4 8550, and cables devotion to his work. Bumor claimed that through
4 8580.
The market was firm his lax, or worse, management, the accounts and
10 points, to 4 8570
affairs of the corporation were In confusion, that he
on Friday at an advance of 10 points all around.
The following shows dally posted rates for sterling had consequently become an encumbrance to the
directors, and that they were trying to let him down
exchange by some of the leading drawers.
and out without friction. It appears, on the contrary,
Mow., TtrBB., Win., Thttb., FBI,,
FBL.
July 81. Aug 3. ^U0. 4. Aim. 5. Aug. t. Aug. 7. that those in control of the company have been holding
4 84^
84
b4H
84
84
Hi
on to him, hoping that his health would be restored
B^^B'o87
60%
80^
il?K'^t':' 4 H7
86X
66X
00 da7« 4g4«
S4
84
84
Bannct,
through a temporary relief from work and that they
r7«
4 87
r7«
sex
MaffoanACo.. (BlRbt.
8eH
Bex
84
could thus be able to retain his valuable services.
(60 dan 486
Bank British
84
84
r7«
i^«
No. Amertoa.. Sluht.. 4 67
8«X
S6X
Ills trip and long stay in Earope and his subseqaent
60 days 4 8«M
Bank of
p^
y^
Montreal
SiKht.. 4b7
li«
l;^
it^
release from the larger burdens of that office by the
Canadian Bank 60 dar* 4 84M
p«
p«
^^
487
of Commerce.. Slffbt.
l^«
^7^
election of Mr. Cgrey to do the work, were simply
Heldelbacb, lok- 60 days 4 84^
84
84^
84
84
@
<
(
<
'
(
(
•Ibelmer&Co.iBlKtat
I,««dFrer,...|«0;}«r»
MarebanU' Bk.
of Canada
<
6c days
<Bi«ibt..
4 8/
4
i^«
87
84«
4 S7
87
fcflX
8<m
84
84
84
86X
486
4
86X
r7^
efforts of
behalf.
the mauagement along those lines in his
Finally Mr. Schwab,
who had been
84
time asking to have his resignation acoepted
all this
—know-
-
August
THE CHRONICLE.
8, 1903.]
273
was not aloae dealrable for himself, but President, to consider and make recommendations
that It was not in the best interests of the company concerning questions of manufacturing, transportasonvlnced his friends tion and operation.
to have a sick man at Its head
It will be noticed that these two changes last menout any promise of
held
which
that there was no way
Through them the board
his restoration to a sound state of health except tioned are very material.
of directors will hereafter hold control of the working
through retirement.
brought
out of the organization in Its various parts. When
The truth of these statements was
Ing that
it
—
prominence
should be given to the facts. Moreover we think
that care should be taken not to attach overmuch
importance to any act or remark of Mr. Schwab's
clearly
on Tuesday.
made while
In
It is only just, that
this
nervous,
diseased state.
Bat
passing the latter, the false rumors which we have
Mr.
referred to are our only concern at the moment.
meeting
the
Steel
of
the
board
after
J. P. Morgan
tock occasion, in his concise, characteristic way, to
uncover and deny them all. "I deeply regret," he
says, "that the condition of Mr. Schwab's health
renders it impossible for him to continue at the head
of the Steel Corporation. H's loyalty to the Interests
intrusted to him cannot be doubted, and from the
early days of the inception of the corporation he gave
to its formation, unification and development his unequaled powers as an expert in the manufacture of
This statement covers the whole case. "His
steel."
loyalty,"
we are
told,
"to
the Interests
Ramor
intrusted
to
come
the stockholders
to consider
more
fully
what
has been thereby gained, they will begin to understand better the view expressed on Tuesday by Mr.
Morgan when he
said "the Steel
Company
to-day in
branches is intrinsically in a stronger and better position than it has ever been."
ail its
THE CONTINUED INCREASE IN BANK
LOANS.
During the disturbing incidents of the week on the
Stock Exchange, one subject seems to have kept a
foremost place in financial discussion. We refer to
the question why loans of the Associated Bmka have
not been heavily reduced by the enormous stockmarket liquidation. The surface facts of the matter
are as follows: Since last spring, selling of securities
held on borrowed money has been continuous. la the
course of
first
it
loans
because
must have been released by wholesale;
many
of
the stocks thus sold passed
he had been from the bands of borrowers into the hands of in" I deeply regret that the con- vestors, who bought with their own money, andj
false to his charge.
dition of Mr. Schwab's health renders it impossible second, becanse the mere scaling down by thirty or
for him to continue at the head of the Steel Corpora- forty per cent of the market valuation of stocks
" His nnequaled powers as an expert in the pledged as collateral necessarily reduces correspond
tion."
manufacture of steel" he gave freely and wholly |to irgly the amount of bank credits requisite to "carry"
the company. Words could hardly be selected which them. Yet what the weekly bank statements show is
would add to the comprehensiveness and force of the a loan account footing up 1875,352,100 on January 3
foregoing. We also give, however, Mr. Prick's explana. and 1900,625,100 as late as April 25, rising for two
tion of the resignation. "Several months ago," says successive weeks in the face of the recent break on
Mr. Frick, "Mr. Schwab told me that he would very the Stock Exchange, and standing on August 1 at
much like to be relieved from the presidency of the $908,864,600.
It is true that the upward movement has nob been
Steel Corporation, on account of his continued illThe continuous. On February 21, the loan fund reached
health, and asked me to assist in so arranging.
matter was arranged entirely upon his request." $950,208,700, which was high level for the year.
There does not seem to be even a loophole left for the Pressure was then relieved by recourse to foreign
escape of the scandal-monger from conviction for money markets, and the total fell to the level already
noticed for the close of April. From that nine hunmalicious untruth.
Every friend of the Steel Corporation will recognize dred million figure It Increased again to $928,939,200
that the board of directors have effected this change on May 16, but fell again during the high- money
Since then the
in the presidency of the corporation in a most jadl- period to $903 362,000 on June 13.
clous manner; that they have also, by this act, and increase, though slow, has been on the whole conby the alterations made in the management, added tinuous.
Now, it so happens that the period beginning with
materially to the efficiency of the machine, and that
when the public has had time to consider the new the middle of June has been marked by especially
There is no
situation, it will feel a decided increase of confidence heavy' Stock Exchange liquidation.
In the smooth and forceful working of the organlza* means of measuring the actual loan contraction retlon.
No better man than Mr. Corey could have been sulting directly from this movement on the Stock
selected to fill the vacancy made by Mr. Schwab's Exchange; but it must have been very heavy.
We
resignation; he has substantially been doing the work have heard estimates of fifty millions reduction from
of the President during Mr. Schwab's absence, but of that source since early summer.
We cannot vouch
course will be able to act with greater consideration for any such estimate; but it is safe to say that Stock
and energy now that he is in fact, as well as in duties Exchange houses as a class are borrowing vastly leas
and work, the lawful head.
It is hardly neces- than they borrowed six months ago.
Many, in fact,
sary to say also that it is a decided advantage have become lenders of customers' money instead of
to have a well man In this position— a truth which borrowers for customers. It is therefore a legitimate
Mr. Schwab saw and which led him the more per- question, Why has this great contraction not been
sistently to press his resignation.
A further improve- reflected in the loan account ?
ment is that the duties and responsibilities of the
One very obvious answer is, that the Associated
new President have been lightened through the Banks do not by any means make up the whole of the
creation of the office of Chairman of the board of lending community in Wall Street.
At the close of
directors, and also by the creation of an advisory June the trust companies of the State were lending
committee, consisting of three directors besides the on their own account $679,755,000, most of which
him cannot be doubted."
said
.
*t
•
^
L » VTLi.
mnat have been placed in New York
This sum,
it will be observed, Btands in the ratio of 72 per cent to
the loans now reported by the Associated Banks. How
much the banks of other cities are or have been lending direct on the New York market is a matter of conCity.
were believed to have
run far np into the tens of millions. So of the European
money-lending Institutions; they have certainly had
outstanding, in this market and at comparatively
jecture; a year ago such loaas
tb:e
OJ.^^^ V
H
.
—a
railroad industry and general
prosperity.
The
Statistician of the Inter State
Commerce Com-
mission has just issued the text of his fifteenth annual
report on the railways of the United States. The data
and summaries furnished in the report are of unusual
interest at this time.
The statistics are somewhat
old, covering the fiscal year ending June 30 1902—
period thirteen months past but the report embraces
recent dates, loans of thirty to forty millions.
As to the loans from these three quarters outside such a vast amount of details that considerable time
of the Associated Banks, two facts are to be observed must in any event elapse after the close of the year
one, that the lenders either make no reports of loans before the tables and statistics can be compiled and
—
—
or
make them
at loDg intervals, so that their expansion
presented in proper form.
The completeness
of the
other, that their disposition to extend or reduce their
— the extent of the
matter which
contains — must hence be accepted as atoning In part
New York
for the delay in Issuing
or contraction
is
a matter of
mere conjecture; the report
loans depends chiefly on Wall Street's rate
When
statistical
it
it.
market are
There are many facts In the document which might
high, the trust companies, the out-of-town banks and be made the basis of comment and discussion.
We
the foreign institutions will naturally bring their shall confine ourselves on this occasion to showing by
When low rates return espec- means of the data furnished in the report how inticapital to New York.
ially for the demand loans in which all such lenders mate is the relation existing between the welfare of
prefer to Invest their funds, the capital loaned is the carrying interest and that of the general public
Trust companies, finding that that if the railroads prosper the laborer and the busilikely to be recalled.
only 2 per cent Is to be had on Wall Street loans, can ness man must also prosper, and vice versa. As a
do as well or better by calling in their funds and de- general conclusion no one has ever disputed this
positing them with banks which will pay a stipulated proposition, so self-evident is it, and yet public
Outside and foreign lenders find, under officials, labor leaders and others often proceed in
Interest.
for
money.
interest rates in that
—
money
better rate at home.
it.
They think, or act as if they
thought, that a blow directed against the roads, or
those back of them, would be felt by no one except
these outside lenders
by these ''soulless" corporations themselves.
Yet
even very casual reflection will serve to convince any
one how fallacious such reasoning is, and hence how
ruinous a course of action based upon it must be.
Consider the situation In Wall Street to-day, with
prices tumbling all around, with financial interests
completely upset, and with failures occurring to emphasize the feellFg of gloom. Is this of no concern
except to those doing business there and the investors
similar circumstances, that
their
will
earn a
But as fast as these Institutions
call back their loans from good New York borrowers,
the borrower goes to the New York bank to replace
the loan; that is, he gets the money from the New
York bank instead of from the other institutions.
Imagining, then, a situation in which all three of
were canceling
Wall
Street
loans, it is obvious that loans of the Associated Banks,
equal, must increase proall other things remaining
Now all other things may not be equal;
portionately.
the banks themselves may have been liquidating heavy
Yet it
lines of loans for Stock Exchange customers.
should be perceived that, under such conditions, the
banks will at all events be capable of expanding their
own loans further. Where the Stock Exchange has
paid off. a loan of $1,000,000 the bank has a credit of
11,000,000 to lend to some one else. It is, therefore,
capable of taking care of the borrowers who had been
thrown over to them by the withdrawal of outside
utter disregard of
and speculators who are finding their wealth, real or
paper, disappearing? Already we have learnt that the
railroads can not sell their bonds and that they are
obliged to have recourse to borrowing by means of
temporary loans. Will not such a state of things necessitate the stoppage of much new work which
otherwise would have been carried through, and will
not this In turn Involve a correspondingly smaller call
for labor and for the materials and supplies that
lenders.
It will
It appears to us that this is precisely what has been would have been needful in the new work?
taking place, especially since the earlier part of the be asked. How has this situation come about? Why
summer season. Foreign lenders can do as well at should confidence have become so deeply disturbed,
home, since the fall in New York's call money rates and values be declining so seriously and so continuto almost nominal quotations, as they can do in Wall ously that hope of better conditions has almost deWestern and Southern banks are preparing parted ? We shall not attempt an answer to this big
Street.
for near-by needs of their own harvest period; trust and broad question, but we would enjoin upon the
companies can get as much from interest on deposits reader not to let one prominent cause in the downMeantime, it ward movement be lost sight of.
as from direct loans on demand.
The " liquidation,'' as it is called, has been in progto the interest of the banks themselves to
ii
keep out as much of their funds as possible reas for fully a year. If memory is allowed to run
on loan. If there had been no wholesale Stock Ex- further back, it will be found that the market rechange liquidation we should have looked for a very
large loan increase In the weekly bank return during
July and August. This la, In fact, exactly what has
happened during those months in every recent year.
It has not happened this year, and we suppose the
reason to be that the Increase In loans from the causes
referred to has been oSaet by decrease from stock
maiket liquidation.
downward impulse at the time
of the beginning of the legal attacks upon the Northern Securities Company. The market had recovered
ceived
its first
serious
Northern Pacific corner and May panic in
1901, because the opposing parties in that memorable
contest had, through the settlement reached on that
occasion and the subsequent formation of the Northern Securities Company, furnished proof that the com-
after the
—
August
which the railroads owed
flo much of their prosperity, was not to be given up, as
had been feared, thereby undoing all the work of the
The litigation referred to begun
years preceding.
almost Immediately upon the announcement of the
munity-oMntereat
•
THE CHRONICLE.
8, 1903.]
idea, to
—
— again
276
For the four years from 1894 to 1898 the total
equipment remained substantially stationary, the
roads.
of
aggregate number of cars June 30 1894 being 1,378,078; June 30 1896 1,270,561; June 30 1896 1,297,649,
and June 30 1897 1,297,180. Business at this time
placed the
did not call for any more equipment and the railroads
on their part had no money to spend In that way. As
that date to the present time the Northern
Securities Company has been Involved In lawsuits of
soon as affairs began to mend and earhings to increase,
additions were at once made to equipment, June 30
1898 saw the number of cars up to 1,326,174; June 30
1899 to 1,376,916; June 30 1900 to 1,460,838; JuneSO
organ' zation of the
new company
community-of Interest plan
in jeopardy.
From
one kind or another.
The
State of Minnesota was
defeated in its suit in February of last year, juat aa it
was again defeated the present week in another suit,
but the National Government stepped in at that time
(we mean February of last year) and began a suit of
The
its own under the Sherman Anti-Trust law.
reader will recall what a sensation this latter step oc-
1901 to 1,660,833 and June 30 1902 to 1,640,185.
The additions of new oars were really very much
greater than Indicated
recent prosperous years large numbers of old cars of
small capacity have been destroyed and replaced by
confidence became
new
distvrbed, and what a serious break in prices followed.
cars
have kept
tion
of the cars.
casioned at the time,
how deeply
(extending ovor many
months) in the actions against the Northern Pacific
Company (one of the conttltuent properties of the
Northern Securities Company) served as a constant
Besides
this,
the
hearings
reminder that the Securities Company was engaged in
a fight for its life and that upon the outcome of that
struggle depended much else in the railroad world.
In February of the present year Congress enacted
what is known as the Anti-Trust Legislation of 1903.
by these figures, for during
cars of large capacity.
These purchases of new
the car shops in the country busy,
making a demand, in turn, for the iron and steel and
the hundreds of other things needful in the constrno-
number
all
Similarly the additions to the
of locomotives was small during the period of
and has been large since. For the five
years from June 30 1894 to June 80 1899 the increase was only from 35,492 to 36,703; in the thTce
years following the increase was from 36,70S to
depression,
41,$26.
now to a consideration of^the hands directly In
employ
the
of the railroads.
See how great the
change has been there. In the year ending June 30
1897 the railroads gave employment to 823,476 persons; for the year ending June 30 1902 the number
was 1,189,315. In other words, 366,839 more persons
Courts.
Under thi&' latter statute the Government at once found work with the railroads in the later year. The
proceeded to hav« its case against the Northern figures indicating the amounts paid out for salaries
Seourities Co. advanced, and in April came the de- and wages make a still more impressive comparison.
cision of the United States Circuit Court of Appeals In 1897 the aggregate yearly compensation reached
against the Securities Co. and in favor of the United a sum of $465,601,581; for 1902 the corresStates.
The stock market, previously weak, became ponding total is 1676,028,692— that Is, over 210
intensely depressed, and the ''liquidation" has con- million dollars more was paid to employees, and if we
tinued almost without interruption ever since, grow- could have the figures for 1902 3 the Increase would
ing in intensity with each succeeding week. The U. S. be still greater. Taking operating expenses as a
Court of Appeals having spoken so emphatically in whole (but not interest or rental charges or divioondemnation of the Northern Securities undertak dends) the payments in 1901-02 were 11,116,248,747,
ing, this week's decision in favor of the same by one of against only $752,524,764 in 1896-97.
No one need
the Circuit Judges has had no effect in reviving hope. be told how these additional expenditures for labor
With such a disturbing influence, bearing upon the and for materials and supplies went to stimulate busifuture of things in the railroad world, and with the ness in all branches ;of trade. And these Immense
creation of the Bureau of Corporations introducing additions are entirely independent of the enormous
sums spent by the railroads out of surplus revenues
an element of uncertainty In the industrial world
since no one can tell whether or not the operation of and not Included In ordinary expenses.
Perhaps a still more graphic idea of the progress
this new bureau is going to prove harmful to business
affairs
is it any wonder that very few are inclined to achieved is furnished when we say that the running
buy secuiities on the Stock Exchange even after the expenses of the roads for 1902 (1,116 millions) were
great break in prices which has occurred? This ab- almost equal to the entire gross earnings of 1897,
sence of any considerable buying is a feature which which then were but 1,132 million dollars.
From
One
the new laws created the Department of
Labor and Gommerce, with the Bureau of Corpora*
tions as its cardinal feature^, and a second law gave
definite authority to the U. 8. Attorney General to
have hearings in Government suits expedited in the
Pass
of
—
has never previously attended such a violent collapse 1,122 million dollars in 1896-7 these gross earnings
in values, and it can only be explained by a controll- rose to 1,726 million dollars in 1901-2, an improveing cause such as that mentioned.
ment in the prodigious sum of 604 million dollars. Is
It is at this
juncture that the statistics of the Inter-
Commerce Commission become useful and instructive.
They show how wonderful has been the
progress made by the railway industry during the last
few years, and hence how serious will be the loss to
State
not the fear that the whole or a large part of this
gain may be lost under the crusade against the socalled trusts
railroad and industrial— that is deterring
it
—
from buying securities in any but the most
cautious way? To what may the great improvement be
the country if a relapse is permitted to former con- attributed? Good crops have of course played some part
ditions.
They also show how important have been in it, though, as it happens, the figures for the latest year
the benefits to labor and to general business result- (embracing the season of 1901) covered a period of
ing from such prosperity. On this latter point, take unexampled crop shortage. Furthermore it is interfor illnstratlon the increase in the equipment of the esting to note that the agricultural tonnage of all
Investors
THE CHRONICLE.
276
kinds In 1901-2 formed only 9 •23 per cent of the total
tonnage in that year. The mineral tonnage on the
other hand constituted 62 36 per cent of the whole,
manufactures and merchandise 1886 per cent and
These latter ar« the
forest products 1164 per cent.
items that reflect trade activity, which railroad pros
perlty has done so much to promote.
A factor of much greater importance in the im
proved revenues has been the defeat of Bryanism and
the placing oE the country on an undisputed gold
standard of values. But even this could not by itself
alone have lifted our railroads to such a high plane of
It was the community-ofinterest plan as
prosperity.
embodied in the acts of Sir. J. P. Morgan aod of Mr.
made
were organized, their aggregate capital being $71,145,The total number of organiztions and aggregate capiwere 1,641 and $98,958,000, respectively.
over,
000.
tal
Further subdividing the organizations during the period
it is seen that 918 associations, with capital of
$50,664,500, were banks of primary organization; 527, with
in question,
reorganizations of State or private
banks, and 196, with capital of $ 3,333,500, conversions of
State banks effected under the provisions of Section 5,154 of
the Revised Statutes.
At the close of business on July 31 there were in existence
5,041 national banks, with authorized capital stock of |758,187,095 and bonds on deposit as security far circulation of
$380,173,033, on which circulating notes to the amount of
$377,606,826 have been issued. Including $39,789,661 of notes
outstanding for which lawful money has baen deposited with
the Treasurer of the United States, the aggregate outstandthe
ing circulation of national banking associations amounted to
Alezaader J. Cassatt and
Pdnnsjlvaoia Riilroad, and in the comprehensive
schemes of the H^rrlman Knhn, Loeb people, that
James
[Vol. LXXVli.
J. Hill, in those of
possible the results achieved.
capital of $34,955,000,
$417,346,487.
Comparing
Can the country March
14 1900,
number
banks of 1,427, in capital stock of
bonds deposited as security for circulation of
$135,561,460, and in circulation secured by bonds of $161,282,031.
The gross increase of circulation— that covered by the
bonds and lawful money—was $162,913,757.
in
former periods, throwing away
gained the last fi^e or six years?
$141,829,000, in
all
that has been
it is
on
of national
afford to iavite a return to the cut-throat competition
of
July 31 1903 with those on
shown that there has been a net increase
conditions
—The new
Lexington Trust Company has filed with the
Building Department plans for renovating the three-story
Sales at the Stock Exchange of 130 sharea of National building at 748 Lexington Avenue, between 59th and 60th
City Bank stock at 260 comprise the week's business in Streets. The building will be enlarged and the interior and
bank shares, no sales having been made either at auction or exterior completely remodeled at an expense of $10,003. As
Chronicle July 18, the company
in the "carb" market. The anotioi sales of trust company previously reported in the
stocks aggregate 123 shares. Fifty shares of Windsor Trust was recently incorporated with $500,003 capital and $250,000
Go. stock were sold at 248, as compared with 2003^, at which surplus. It expects to commence business in September
latter price a sale was made last week. In the "cnrb" mar- after the alterations contemplated are finished.
ket 25 shares of stock of the Trust Co of America were sold
C. E. Norregaard, Paying Teller of the Manufacturers'
Branch in Brooklyn of the Title Guarantee & Tru3t Comyesterday at 268.
Bajckb— ATeic York.
Price.
SAaret
Latt previous tale. pany, will hereafter also perform the duties of Assistant
*100 City Bank, National
260
July 1903— 260
Manager, succeeding William C. Nesmith in that position,
Tkdbt OOMPAiriKS—^«r Tork.
who resigned a short time ago,
53 Bowling Green Traet Co
218
July 1903- 231
168-172
20 Eastern Trust Co
Apr. 1903— 161
—The Twelfth Ward Bank, at the corner of Lexington
50 Windsor Trust Oo
248
July 1903— 200>e
Avenue and 125th Street, has opened another new branch at
* Sold at tlie Stocic Ezobange.
1,927 Third Avenue, near 106th Street, under Mr. Edward
To the failures of last week and the week before arising H, Fennell's direction. This makes the second branch the
out of the demoralized condition of the stock market and the Twelfth Ward has established, the other being situated on
great shrinkage in security values, there have been added 116th Street, between Lexington and Third avenues. Mr.
the present week two other Stock Exchange houses. Both John A. Olisen is in charge of the latter branch. The inof these occurred on Wednesday. One was the firm of Sharp stitution has $200,000 capital, $100,000 surplus and undivided
& Bryan and the other the firm of Hurlbutt, Hatch & Co. profits, and $1,932,000 deposits. Thomas F. Gilroy is PresiThe amount involved in the latter failure was comparatively dent, Richard Webber and Thomas Simpson Vice-Presidents,
small; the assignment was to Henry B. Eetcham, of the law and Frank B. French Cashier.
firm of Reid, Esselstyn & Ketcham, Sharp & Bryan made
-'A consolidation of two large tru3t companies of this city
their assignment to George H. Sullivan, of the law firm of is planned. The executive committees of the Trust ComSullivan & Cromwell, with William Nelson Cromwell as pany of America and of the North American Trust Comoonnsel. The liabilities, "mostly secured," are given as about pany have agreed to merge the two institutions under the
TEMS ABOUT BANKS. BANKERS AND TRUST GO'S
—
—
—
The
$5,000,000.
failure, it
was
stated,
was
directly attribut-
able to the sudden and extreme shrinkage in the market
value of the securities of the firm. This is believed to refer to
the great drop in the shares of the Virginia-Carolina Chemical
Company,
which the firm is understood to have been a
The firm consisted of W. W. Sharp and Charles
S. Bryan, both being members of the Stock Exchange, and
Mr. Bryan having been elected a member of the Governing
Committee of the Exchange last May.
of
large holder.
—Daring
chartered,
July, 43 national banking associations were
their capital aggregating $3,912,500, and the
bonds deposited, $705,250, Of the associations, 24, with a
total capital of $637,600, were with individual capital of less
than $50,000, and 19, with aggregate capital of $3,275,030,
were associations with individual capital of $50,000 or more.
Four of the associations, with combined capital of $232, 5)0,
were conversions ot.State banks, 19, with capital of $1,615,000,
were reorganiz itions uf State or private banks liqaidated
for the purpose, and 20, with aggregate capital of $1,065,000,
were associations of primary organization.
Since March 14 1900, the date of the passage of the Act
authorizing the incorporation of banks with minimum capital of $25,000, there have been organized under that law
1,065 banks, with combined capital of $27,818,000. Daring
the same period 576 banks, with capital stock of $50,000 or
The respective boards of
two companies are expected to sanction
the proposition at a meeting on Aug. 16, after which the
shareholders of each company will be asked to ratify the
scheme. The North American, according to its statement
for June 30, has a capital of $2,000,000, $3,000,000 of surplus
and $78,979 of undivided profits, and the Trust Company of
America a capital of $2,500,000, with $3,500,000 surplus and
$714,622 of undivided profits. The consolidated institution, it
name
of
the first-mentioned.
directors of the
announced, will have $2,500,000 capital, $7,500,000 surplus
and $900,000 undivided profits. From this it will be seen
that $3,000,000 of the coiibined capital of the existing insti
tutions is to be transf erred to surplus account. In other
words, instead of $4,600,000 capital and $5,60 3,000 surplus,
is
the total for the
two
institutions
now, there will be
$3,500,
000 capital and $7,500,000 surplus. It followd that present
shareholders will receive a smaller amount of stock in the
consolidated company, but stock worth more by reason of
the larger surplus. It is stated that $1,360,000 of the new
exchanged for the $3,500,030 of stock of the
for
the
$1,140,000
Trust Company of America and
It will
$2,000,000 stock of the North American Tru^t Co.
be seen that the Trust Co. of America ehareholdars will get
$54*4 of new stock for every $100 now held, and North American Trust Co. $57 for every $100 of old stock. We have been
stock
is
to ^be
,
AtjarsT
THE OHRONICLB.
8, 1903.]
277
exeontive heal of the coq
Oakleigh Thome is at present President of the North American Trust and Ashbel P. Fitch, ex
Comptroller of the City of New York, is President of the
Trust Company of America.
Company, with a capital of $1,000,000. The company will
take over the brokerage and commission business of the old
firm. Mr, George I. Whitney Is President of the new compnny, Francis L. Stephenson, Vice-President, and I. M. FlckelsoQ, Secretary and Treasurer.
—Mr. Radolph H Kisael was this week admitted as a new
member ioto the firm of Messrs. Albert H. Vernam & Co
-Stockholders of the American Trust Company of Pittsurgh, at a special meeting this week, formally approved the
amie- m<-nt for the merger of the institution with the Colonial
Traet Co. of Pittsburgh. This forms one of the steps in the
general consolidation of certain trust companies and banks in
Pittsburgb.
Particulars were given in this column last
week.
unable to
le'irn
who
will be the
solidated institution.
Mr. Kissel was formerly a partner in the old concern of
Delafleld, Morgan, Kissel & Co.
—At
meetings specially called for the purpose, the stock
holders of both the Western National Bank of the UQite(i
States in New York and the National Bank ot Commerce iu
New York on Wednesday of this week ratified the agreemeLt
for the consolidation of the two institutions. The terms of
the merger hnve been previoasly given in this column, and
are also embodied in the following resolutions adopted b>
the shareholders of the National Bank of Commerce*
Resolted. (1) That under the provisions of the Aot of May I 188fi,
the capital stock of this asBooiatlon be Increased in the sam of $.5,000,000. making rhe total capital stock $25,000,000.
(2) That »f ouch Increased capital stock of this Bank, $I2.F 00,000,
oonslstlni; of 126,000 shares of the par valae of $100 each, be UBHd ftr
the pnrpote of arqalrlng the assets and business ot The Western
National Bauk or the United States In New York, after the rapitai
stock ot the said Western National Bank shall haye been Increased to
91Z,;00,000 aud Its net assets shall be approximately equal to
95,000,000 over and above such Increased capital stock and all^
llabill.ies.
(3) That the resldoe of such additional capital stock, to wit, $2.f^O0.
000, oonslstlDK of 2S,000 shares of the par value of $100 each. bi^>
offered to the shareholders of this bank for subscription to the exteoi;
of 25 per cent of their holdings on July 25 1903, at $110 per share.
(i) That the nauiber of directors .of this bank be not less than nine
nor more than forty eight, as from time to time the bylaws may pre
orlbe.
That the articles of association be, and hereby they are, amended
conform to the foregoing resolutions.
It is proper to say that the holders of 93,706 shares voted in
favor of thete resolutions, and that only one holder of 25
shares voted in opposition. It is understood that the liquida<5)
to
Western National Bank will be begun on September 23, and the expectation is that this will be completed in
time to allow the merger to become effective October 9.
tion of the
—Following the increase in the stock of the Stuyvesant
Heights Bank of Brooklyn from |100,000 to |300,000, two
branch banks are to be established. Permission to do this
has already been obtained from the State Banking Department at Albany. One of the branches will be the present
Atlantic Bank, now an independent institution, but which
will be taken over by the Stuyvesant Heights Bank, and the
second will be started in the bailding of the Pioneer Storage
& Warehouse Company on Flatbush Avenue, and be known
aa the Pioneer Branch.
—
John E. Lanning, Receiver of the Monmouth Trust &
Safe Deposit Co. of Asbury Park, N. J., which failed in
February last, on August 6 received authority, by an order
of Vice-Chancellor Reed at Trenton, N. J,, to pay the creditors of the institution a first dividend of 25 per cent. The
claims are stated to amount to $865,000.
—The
Boston
"News Bureau"
says that by reason of
place the control that the question of a possible merger with
any other institution can no longer come up. It says that
the Eelection of anew President is in the hands of a com
dee.
William
J. Barr, formerly Vice-President of the SouthNational Bank of Philadelphia, has been elected
^ the Bank.
H. B. Rosengarten succeeds Mr.
resident.
-Aia
— Wllliim Price, Vice
President of the Diamond National
has been made President, to sacceed
loho S. Scaily, who retires after having dispose 1 of his int-rest in the bank, as announced in our issue of Jaly IS.
Banh
of Pittsburgh,
—William M. Kennedy, an ex-Mayor
>^een
R
al
of Allegheny, has
elected Third Vice-President of the
Estate
ceated
& Trust
Commonwealth
Co. of Pittsburgh, an office wbich was
has also been given the position of
He
for him.
Trust Officer.
—The Koickerbocker
Trust
Company
of this city
ia
said
Trust Co. of Pittsburgh,
b .ving jmt concluded arrangements to purchase some of the
•spiral stock held under option by
Theophilns SprouU
President of the institution. It is stated President SprouU
holds an option on 5,500 shares at $190 (out of a total of 7,500),
of which he will retain one-fifth, the Knickerbocker Trust Co.
of this city and another Pittsburgh Institution each acqairng two fifths. The Knickerbocker Trust will be represented
on the board. The Equitable Trust Co. of Pittsburgh has
$750,000 capital, with $358,707 surplus ani undivided profits
and $465,470 in deposits. Besides Theophilns SprouU, Presiptut, the other officials include, H. M. Brackenridge, VicePresident; Edward Hoopes, Secretary and Treasurer, and C»
A. Lawrence, Assistant Secretary and Treasurer.
to be interested in the
Eijiiitable
—The stockholders of the Coal & Iron National Bauk of
Cleveland on August 4 approved the plan for the merger of
the institution with the First National Bank of Cleveland.
The consolidation
is
to
become
effective
August 17. The
from $500,000
First National is shortly to increase its capital
to $1,000,000, to provide for the acquisition of the Coal
&
Iron Bank. The stockholders of the latter are to get the
additional stock at 145, but as the Coal & Iron stock was
$1,000,000, they get only one share of new stock for every
two shares now held. It is believed that F. M, Osborne,
now President of the Coal
Iron National, will be the
President of the enlarged First National; Thomas H. Wilson,
the present Cashier of the First National, is to be one of the
Vice-Presidents, while A. B. Marshall, Cashier of the Coal St
Iron, is to be Cashier of the new First National.
&
—
According to the Chicago papers, the earnings of the
Royal Trust Co. of Chicago for the fiscal year ending July
amounted to $60,400, the largest in the history of
the bank, and eqnal to 13 per cent on the $500,000
the stock of the institution. Only 6 per cent was distributed in
recent agitation in connection with the acquisition of stock
in the National Bank of Redemption of Boston, the directors
of the institution have acquired sufficient of the stock to so
'
^
meeting of the board of direcbors of the
dtock Exchange, held Anguat 5, it was decided
to suspend indtdnitely operations of the Clearing House.
Hereafter, in accordance with a resolution adopted by the
directors, sellers must deliver stocks or receipts for stocks to
the registered offices of purchases. The Clearing House system of exchanging, purchasing and selling slips for all sales
will, according to the Pittsburgh papers, 'be continued, but
otherwise business will be conducted as it was before the
Clearing-House system was inaugurated.
special
Pittstuiri'b
—The well-known Pittsburgh firm of Whitney & Stephenson has been incorporated as the Whitney & Stephenson
31
dividends, leaving over $30,000 to swell undivided profits.
The directors have transferred $100,000 from undivided
profits to surplus,
making the
latter $250,000.
This
still
leaves over $125,CO0 of undivided profits.
—It is announced that the Otis- Wilson-Stevens interests,
which control the Western Trust & Savings Bank of Chicago
have purchased the entire holdings in the' stock of the
bank of Charles L. Johnson, formerly President of the
Western State Bank and subsequently Vice President
of the
new
institution.
The purchase
is
said to be the out-
change of control of the institution which was
effected at the time the Western State Bank and Otis, Wilson & Co, were merged in the new Western Trust & Savings
Bank. Mr. Johnson has resigned as Vice-President (and
also as director) and Lawrence Nelson has been elected to
the position. The latter will at the same time remain Secre-
growth
of the
tary.
— A new Chicago brokerage firm
Company, 218 La
Salle Street.
is
that of R. H. Goodell
&
The partners are Mr. R. H.
QoodeU, who has been connected with the commercial paper
house of F. S. Moseley •& Co. of Boston, New York and
Chicago, and; Mr. W. L. Folds, who for several years has
held positions of trust in the Northwestern National and
A
t
KJ
Priratf
Toiai.
Security banka of Minneapolis, Minn. The firm will do a
brokerage business in collateral loans on stocks, bonds and
Municipal.
Inoandeaoent UkIi 'g— Co mt
merolal or private
Public
$41,536,392
2,736,102
$38,668,098
2,244,780
$44,272,494
$69,731,931
13,853,479
$40,912,876 $3,359,618
$62,983,068 $6,748,863
13,736,486
87,998
$2,868,296
(1)491,322
grain.
Midland Bond Company is a new Chicago financial
institution formed to deal in railway and high-claas indusGeneral A. B. Nettleton, ex-Assiatant Sectrial securities.
retary of the U. S. Treasury, is President of the company,
and Colonel Henry L. Turner, of Henry L. Turner & Co,,
bankers, is Treasurer. The office is at 183 Dearborn street.
Tot iDOandes. llght'g.
Total from llpht service. .
AU other electrical service.
Income from all other
—The
OroBS income
Expenses AND ('harges—
Salaries and wages
Supplies aud materltiU
Rent of stations
Taxes
—The Commercial
National Bank of Chicago is sending
letters to 15,000 bankers throughout the country asking for
expressions on the crop and money situations. The replies
thus far received indicate that the banks of the South and
Weet are in a very good condition and equal to almost any
the 148 private banks in the State of Wis
only 80 had incorporated as State banks up
to July 29, according to a dispatch to the Milwaukee
"Sentinel." The new banking law requires all private
banks to injorporate before September 1 if they desire
to continue in the banking btisiness and use the name of
bank, on penalty of a fine of from $800 to $1,000, or imprisonmeot in the county jail from sixty days to one year, or both
—Of
and imprisonment.
fine
—The annual meeting of the Wisconsin State Bankers' Asso-
....
ifeollioes...
1,431,764
128,249
$85,145,428
$78,180,318
$6,965,105
$20,551,939
22,814.758
1,285.546
$18,672,267 $1,879,722
20,392,467
2,422,891
1,270,798
1*,748
2,643,915
10,120
65,641
820,804
6,645, ^67
348,660
11,996.240
504,305
2,654.0'i5
Insurance
Miscellaneous
Interest on bonds
886,445
6,994,227
12,501,045
Total
Power Plant Equipment—
$67,688,075
$62,442,088
$5,245,987
5,921
1,377,041
1,378
381,134
4,861
1,230.023
1,296
869,916
1,060
147,018
82
11,218
8,820
441,621
3.402
418,089
23,583
3,537
196,431
2.955
157,668
87,763
5,106
978,428
4,284
822
887.740
90,888
Steam engines, number
Horse-power
Water wheels, number
emergency.
consin,
1,560,013
service
Horsepower
Generating Plant—
Dynamos—
Direct current, constant
voltage, nniiiber
Horsepower
constant
amperage, number
418
Direct-current,
Horsepower
Iternailug
current,
&
582
polyphase
number
Horse-power
Odtpdt of Station—
Kilowatt hrs, tot. for year. 2,437,218,732 2,241,314,293 195,904,439
Link Construction.—
Miles of mains and feeders
10,936,603
1,683,991
12,470,494
Lighting SiiRviCK —
334,413
50,795
335,208
Arc lamps, total number...
173.502
167,709
6,793
Oommeroial or private...
166,704
211.706
45,002
Public.
"^
ciation took place at Milwaukee August 5 and 6 as previously
annonnced. Congressman Charles N. Fowler of New Jersey
spoke at length on the features of his currency bill, and A.
Incandeso't lamps, tot. No.
18,006.521
17,552.7,'i6
Commercial or private...
J. Frame, President of the Waukesha National Bank of
Public
453,765
Waukesha, took strong ground in opposition to Mr. Fowler's AVERAOK No. of EMPLOTBES
AND Total Salaries and
views. Ex Comptroller of the Currency, Jamea H. Eckels,
Wages—
Salaried ottiolals and clerks.
6,976
President of the Commercial National Bank of Chicago,
Salaries
$5,632,880
23,258
Wage earners
also addressed the gathering. He nrged that the first step
Wages
$14,919,109
in currency reform must be the abolition of the Sub-TreasForemen and Inspectors...
1,560
Wages
$1,358,272
ury scheme and the deposit of public funds in the banks. He
8,020
Engineers and nremen
also made a forcible argument in favor of granting the banks
Wages
$5,201,988
4,209
Linemen
power to issue notes without bond security. The Association
Wages
$2,704,529
9,469
All other employees
refused to endorse Mr. Fowler's currency bill and protested
Wages...
$5,654,320
against any branch banking system.
16.429,060
16,058,111
370,949
•
(1)
—The
Estimated value,
if
1,577,461
1,494,646
82,816
950
6.026
$5,175,499
20,791
$13,496,768
1,478
$1,297,585
6.671
$4,416,929
3.860
$2,503,957
8.782
$5,878,297
$467,881
2,467
$1,422,341
82
$60,887
1,349
$785,059
349
$200,572
687
$376,023
paid for at prevailing rates.
United States Trust Company of St. Louis, which
The statietios for this industry at the Census of 1890, it is
has been in business only a few days, gives notice of a stockstated, were confined to the State of New York, the city of
holders' meeting on October 21st to increase the stock from
and the District of Columbia; therefore no comthe present anthorizsd amount of $400,000 to $1,000,000, and St. Louis
parison
can
be made with the totals for the United States.
the surplus from $200,000 to not less than $500,000; also to
enlarge the number of directors from 11 to 25.
—The statement of
for
June 80 shows
the National
Bank
assets of $6,793,964,
of
Cuba, Havana,
$5,565,916.
—
The International Bank & Trust Company of America
has opened a branoh at No. 412 Montgomery Street, San
Francisco. The
new offices of the branch are attractively furnished, and
will be
under the direc
of
tion
Mr. George A. Hill, Manager. Mr.
Irving
Lundborg, formerly connected with the San FranCisco National Bank, is Cashier. The New York agency
of the International Bank & Trust Company of America is
situated at 64 Wall Street. As is well kaowo, the institution is headed by William H. Hunt, President, while Charles
Francis Phillips and J. H. Maughan are Vice-Presidents, J.
O. Rice, Treasurer, and Walter R, Morris, Secretary.
ELECTRIC LIGHT AND POWER PLAN 18 IN
THE UNITED STATES.
through W. M. Steaart, Chief Statisfor
Manufactures,
tician
under date of August 8 makes the
following preliminary report on the electric light and power
plants of the United-States for the year ending June 30, 1902.
This report. It is stated, includes central stations only. It
The Census
DEBT STATEMENT JULY
The deposits were
Office,
does not Include isolated plants, plants operated by electric
railway companies, or plants that were idle or in course of
The following statements of the public debt and Treasury
cash holdings of the United States are made up from official
figures issued July 31 1903. For statement of June 80, 1908,
that of July 31, 1902,
gee Chronicle July 4, 1903, page 16
see Aug, 9, 1902, page 271.
;
INTBREST-BBAKINQ DBBT JULY
Jitle of
Interest
payable.
Loan-
Total.
of eitabllshments...
Eabnb from Operation—
Arc lighting - Ck>mmeroial
or private
PnbUc
Total arc Ughtlng....
issued.
31. 1908.
Amount Outstanding.
,
Coupon.
Registered.
t
Bi,
Loan of 1904
Q.-F.
626.7S2.800 617.038.550
198,792.660
43,8*1.180
7iO,925.et>0 121,113,0&0
10,012,760
91.1^91.650
162,316.400
12,079,200
100,000,000
9,714.2S0
88.1b6,9S0
11,271,900
lotat.
S
626,762,800
81,49».160
lfl8,384,9J0
80,510
118,189.900
19.886.050
26,198,366
e,705,«50
911,011,400
Ase'te lDt.-BearlnK Debt.l.76B.';93,260 780,103,530 185,817,330
Won— Denominations of Bonds are
Of tie only refundlriK certlBcates; of $20 loan of 1908 coupon and reKlSterad
Of $90 all IsBiien except :^B of 1908: of $100 iill Issues;
Of $500 all except 5s of 1901 coup.; of $1,000 all Issues;
Of $5,000 all re);l8te'd2s,3s and Is: of $10,000 all retrlstered bonds;
Of $20,000 resist. Is loan of 1907; of $50,000 retdstered 2s of 1980.
:
DBBT ON WHICH INTBRBST HAS CBA8BD SINCE MATDRITT.
June
/anded Loan of 1891, continued at 2 percent, called
Mar 18,1900; Interest ceased AuKUst 18, 1900...
FnndedLoanof 1891, matured September 2 1891..
Old debt matured prlorto Jan. 1, 1881
Debton whlohlnterest has
ceased....
. . .
JlUy
80.
81.
$fl0.2U0 00
$90,20000
57,76000
1,067.140 26
^7,7B0 00
1.067,12086
.$1,£05,090 26
$1,305,070 90
DBBT BBARING NO INTBRBST.
$816,681,016 00
Dnlted States notes
68,847 60
Old demand notes
38,932,178 60
National bank notes— Redemption account
6.87 1,240 68
Fractional currency, less $S.375,931 estlm'd as lost or destroyed
$892,588,28168
AKKrasateof debt bearinK no Interest
RKCAPITOLATION.
CBHTSAL ELECTBIC LIOHT & POWBE PLANTS
Number
Amount
t
Q.— J
Consols ot 1980
St, Loan of 1908- 1918.. Q.-F.
it, Fuuded loan, 1907..Q.— J.
li Refand'Koertlflc'c.Q.— J.
Q.— F.
is. Loan of 1926
ea
construction.
OoBtof plants
SI 1903.
Private.
.
Municipal,
3,619
2,804
815
$502,181,511 $480,161,038 $22,020,473
$8,448,280
17,016,157
$26,459,437
$8,208,114
$240,166
18,867,078(1)3,149,079
$22,070,192
$3,389,245
Debt—
Julu'
81,
$
1908.
June
893,669,412 68
1.808.3 4,762 8Q l,b09.405.912 89
Total HrOBS debt„
884,391.276 88
878 291.144 21
in Treasury*.
Deo. 1,091.180 00
Deo. 6,102.831 37
Debt
bearlns;
no
Interest...
911.311,400 00
1.2'5.0'0 26
862.B68.^t-2 68
$
914,511.110 00
1,;;05,<
90 26
Cash balance
Total net debt
*
Ine.vrDec
80, 1908.
$
$10 00
Dec.
20 09
Deo.
Dec. 1,031.180 00
(HasiifUation of
Interest-bearlcK debt
Debt, Interest ceased
980.02S.808 68
Including lieOiOOOiOOOreserre fund.
983,011,087 81
Inc.
5,011.671 87
. .
.
AUGUST
.
THE CHRONICLE.
8, 1903.]
figures show a gross debt on July 81, 1908,
and a net debt (gross debt less net cash
«9
of |1,308,3U,752
in the Treasury) of $930,C33.308 68.
Seven Months, 1003.
The foregoing
Trkasuby Cash and Demand Liabilities.— The cash holdings of the Qovernment as the items stood July 31 we have
prepared from the Treasury statement of that date.
Fund Ho(<H;itf»—
»419.0«7.R6900
163.tU4,000 00
Silver certltlcates
Treasury notes of 1890.. I8.5o0.000 00
.
Oentral
Total trust liabilities. . »»94,to7.BeB ui
Oen. Fund UabilitiesNational bank5per cent
$14,264,2:4 36
fund.
Fund Holding*—
172,781. lOH 93
Gold coin and bullion...
Gold certltlcstee
2o,718 470 00
8,tvo,o«800
19,vi6,l49 00
Silver oenlflcates
Silver dollar*
11,4'6.151 00
^8.422 00
National banknotes....
15,- »H.ki87
23
account
Miscellaneous Items..
116 49
811.53J 89
'
H
|i,i)tt".iw*.4<»
78*0
Jraln, bush,
\
Actual
Aver'ts
Value.
Pric*.
I
^•"28,093,198 78-7
ll83.fi5B.7O0 79*7
»659.4'^0
frt32.a87 113-0
i
$1,3 1,400
11^00,338 44-fl
$,-ll'9,700
$1,707,207 417-1
98l*:?2S:6oS
bonds. tS9l),s92,.00 $355.<68,n79 8r0
f95'.2tfi 1167
»8'a,.*5'|
4ov't bonds
$118.29!) 32 4
$858,000
8 ate bonds
334-6
$1,353,910
$4l>4,B50
Btnk stocks
*350,80.>(,»ii.
:1B.
I
W8
IOS72241900 $SI«2:7S,T1K
$94fl3,6?8.800 7.620, ''53.'^9-^
252,011,018 71 9-iac 400,881.9.0
!<S8.70i,O6O
311,814,175
l7.772,He4,51H
Total value.
73-7
77
Vc
l8.474,609.«<93
The volume of transactions in share properties on the New
fork Stock Exchange each month since January 1 in 1908
and 1903 is indicated in the following:
SALHB OF STOOKS AT MBW TOBK STOOK BXOHANOB.
af Shares.
Values.
Number
>f
Actual.
Par.
1.49'-.4«w6h
.
1902.
l^alusi.
Shares.
Par.
Actual.
t93.Bu.»n af
$
$
$
$
ian... 16,001.822 1,615,264,950 1.204,668.219 11,779,888 1.386.108,600 1,080,688,010
885,098,764 12,986.043 1,827.680,050 1.010,947,208
-eb.... 10,928,017 l,045.t47.226
876,941.808
vlaroh. 16.095,806 1,424,484,400 1,132,487,694 11,967.409 1,143,409,750
C<uh Balance A Reserve—
Total cash and reserve. .$378,201,444 81
istqr. 48.018.616 <,98&.69e.576 3,178,154.677 19.783,576 3,767.048.400 2.027,470,488
Available
08
1003.
4»ntA.
Made up of—
Sold ooln and balHon..^»S2l^93^s^90S
totAl
}
97.0-9,600 7,fl~ isasufi
60.289,88836
'^7
Credit Treasurerof U.S.Il44,01rt,'<20 84
is.47!^ a7
7,
Credit U. 3. disb.offlcer s
|151,«tJ2.4«o
Total In banks
In Treas of Pblllpplne
Islands -Credit U S.
4.019.977 70
dlabarslnx officers. ...
ReMerve Fund Holding)—
Grand
<j»«/.>
6.441,96709
Total gen. llabUltles..
7S.l7rtftO
Tou In Snb-Trea8nrles.*l66.»64,0^-'
In Nat. Bank Depositaries-
Value.
l«,ie5,<-88 37
drafts
DIsburslnK officers' balances
Post Office Department
9,433.720 28
Fractional silver oola...
Praotlonal currency ..
Minor coin
Bonds and Interest paid
or Quantif 1/
Seven Months, l608.
Aver'ge Par Value
Price. or Quantity
OntstandlUK checks and
194 7.53(46
SUverbulUon.
United States notes
Treagury uotei of 1890.
ActXMl
Sh's
ToUI...
Fund LiabUitit*—
TruMt
Gold oertincates
1113.087,889 00
Ooldcoln
468.614,000 00
Silver dollari
2,_ 19.4l;J 00
Silver doUari of 1890,...
I6.83t.r57 00
Sliver bullion of 1890..
1894,11 7,hau jMj
Total trust fund*
Par Value
Ouerivtion
LIABILITII8.
A8SIT8.
7rutt
279
$223,291,41181
and
Reserve Fund
Gold & bull.$160,000,000 00
Grand
\prll... 12.208,068 1.150,638,100
900.041,217 ie,697,718 «,630,078,476 1,993,946,811
Way.... 12.407.688 1,166,807.000
901,487.624 13.6.32 853 1,266,813.000
948.928,81«
728,992,960
649.270.818
lane... 15,390,741 1.400,689.12.^ 1.169.633,6»t-
8dqr. «0,167,387 J.717.5'<2.125 2,971,082,431 17.984.881 4,504,884,426 8.497.145.848
$i,S66,19i,32a u8
total
7.834.788
t)
mos.
S2.175,98i; 7.708.178.700 '),148,217.1ie <7.668,439 8,261,432.826 8.424.616.276
July.... 14,903,768 1,379,487.900 l.018.041.17b 18,352,881 l,667,e87,«76 1.301.476.011
Canadian Bank Clearings.— The Clearings of the Canadian Banks for the month of July, 1903, show an increase over the same month of 1902 of 11 '0 per cent. For
the seven months of 1903 there is a gain over the like period
of 1902 of 8-2 per cent.
The following compilation covers the clearings by months
since Jan.
1,
MOMTHLT OLBABtHOS.
Oltarings, Total All.
•
Clearings 0ut«ld« Ne\a Fork.
Month.
Seven Months.
July.
Clearings
at—
1003.
Montreal
Toronto
97.318,057
70,004,59)
80,400,874
7,853.228
9,427,000
7,771,850
Winnipeg...
Halifax.
Ottawa
Quebec
Vancouver
6.422.fil0
Hamilton...
St.
1908.
4,4^1.219
4,525.920
2,570,833
John
Victoria
Total Canada.
230,745,351
The clearings
!•?
1002.
1003.
Dec.
127,510.014
52.391,220
59,397,653
44,874,143
35,263.040
29,378.902
26,468,984
16.117,365
51,852.,S23
-fl-0
-f4-0
$
8.903,881,558
$
3,730,020,138
febmary
Uaroh
-H-8 3,227,490,453
3,010,106,916
-1-7-8
9.582,278.076
8,888,679,662
-t-7-9
8,678,087,741
8,376.764,167
-i-e-0
-M-4 10.708.426,752 10,115,880,231
-I-6-0
1st qnar.. 20,189.067.661 27,901,244,413
29.719,.378 --18-7
May
June.
9.422 481,90(1
26.221,172
23,289,030
15,958,082 +1-0
-I-8-2
per cent.
19,125,371
12.950.913
3.934,147
1,482.196
1,608,421
...
Quebec
1.57=.,978
Vancouver..
Hamilton., .
1,450.085
St.
850,000
940,177
850.000
643,131
.John
London
Victoria
Total Canada.
45,415,719
Inc. or
1902.
Dec.
1.
M*w York
miAdaipUs
,
Bal timer*
OUmco
9t.I<onls.
W«w
Orlaans
B«Ten attles.
days
OtkCf sltlM. 6 days
Total
B
eitiM,6daTS
AUoltias.ldav
Total
all
all sittes
for
w««k
-t-l'S
3,643,805,187
3.680.628,187
-fO
3,676,696.617
3.241,684.053 -)-13'4
1-14-t-
—4-7 10,860,803,012 10.396,563,203, -H4'4
months. 57.202.868.622 57.422,316,846 -0-8 21.605.234.384 20,601,433,434 -f6-l
9,767,846,633 10,170,082,777 -4-0 8,700.071.937 3,677,001,100 -8-0
July
The course of bank clearings at leading cities of the country
month of July and since January 1 in each of
the last four years is shown in the subjoined statement.
1900.
>
20.588,754
13,803,381
3,509,290
1,486,923
1,657.568
1.277,277
1,010,259
743.U97
-7-1
-6-2
+10*2
-0-3
-30
-I-23-3
4-38-8
15,199,056
11.548,080
8.057,006
1.750,000
12,613.329
8,836,225
l,900.:i47
l,77r,534
1,204,995
811,669
766.873
701,417
1,000,000
7-34,204
797 522
-H4-4
+18-7
650,000
504,089
-1-30-8
-1-27-4
671,765
653.557
46,188,160
—1-7
34.611,761
28.270,635
765.439
omitted.)
Hew York...
Ohloago
BoBton
Pblladelphla
St.Lonis....
Pittsburg.. .
aanFran'co.
Otaoiniiati...
count of the length of the other tables is crowded out once a
month. The figures are received by telegraph from the leading cities. It will be observed that as compared with the
corresponding week of 1902 there is an increase in th^
aggregate of 5 -4 per cent.
So far as the Individual cities are
ooncemed, New York exhibits a gain of 8 '3 per cent, Boston
6'9 per cent, Philadelphia 19 7 per cent. Baltimore 15'7 per
cent, St. Louis 13-9 per cent and New Orleans 16'3per cent
Chicago records a loss of 3 per cent.
Boston
3,573,441.010
BANK 0LBABIHO8 AT LBADINO
1901.
ClearinjTS by Telegraph.— Sales of Stocks, Bonds, &c.—
The subjoined table, covering clearings for the current week,
Qsualiy appears on the first page of the Chronicle, but on ac-
OUariruu-Retumt fr* Telegravh.
Week Ending Aug. 8.
8,203,741,468
edqnar... 48,123,885.061 29,521,071.432
3,687,507,858
for the
at—
. . .
+4-0
^369,075,922
9.581.808,829 10,926,088,698 -18'3
0.118,534.323 10.336.241.376 -18-2
-1-12-0
1-13-0
P.Ot.
8.4fl8.707.4B4
(000.000*
Montreal
Toronto
Winnipeg
Halifax
Ottawa.
$
1908.
1903.
January... 11.088.982,021 10,659,488.839
APrtL
week ending Aug, 1 make a less favdecreasa in the aggregate from 1902
1003.
$
P.CT.
54.325.207 -1-9-3
39,511,438 -I-13-6
307,632,175 U-ll-O 1,536,195,692 1,419.562,674
Week ending August
CIear4n<;s
%
4t>7.9.j6,529
1908.
Dec.
619.241,239 -(-61
468.496,424 -1-4-2
90,948,381 -MO-2
656.8:16.642
89,071.273
64,448,i:«
15,663,739
7,503.638
8,600,672
7,147.890
5,089,2H4 +26-2
4,028.228 4-10-5
4,000,443 -(-ISO
2,372,800 -(-8'3
1903.
In. or
for the
arable exhibit, the
having been
In. or
Baltimore...
BLSnaasClty.
Oleveland...
i7«w Orleans
MlnneapoUB.
LoalBvUle...
$l,028,H43.ei8
IOS.896.537
02,940,837
18,631 .C 32
130.719,003
41,'84.995
8,6H8.376
$1.124.708, 1-&7
1908.
$949,016.e62'
07,168.937
77,630,068
18,100,942
131,166,978
86,198,716
7,384.052
$l,314,(<88,e83
P. Cent
1902.
1901.
6.978
6,594
791
695
632
209
221
127
102
106
89
73
72
56
44
706
624
522
210
203
113
98
107
78
73
50
56
43
45
31
29
29
25
25
23
19
19
10
16
6,082
671
Df«trolt
4'5
MemphlB....
33
29
33
29
27
32
21
20
13
Seattle
19
fJartford....
13
12
Provldenoe..
Omaha
Buflalo
St.
Paul
IndianapollB
Denver
Rlohmond..
3.
Lake City
Total
[}ilieromee..
autsldeN.Y.
14-
15
OITIBB lit JULY.
-»
Jan. 1 to July 31.
1900. 1903. 1902. 1901. 1900.
S
9
9
8,652 41,675 43.505 80,817 30,066
561 5,124 4,903 4,397 8.966
482 4.012 4,109 4,340 3,596
389 3,529 3,419 3,224 2,757
130 1,433 1,513 1,288
952
134 1,477 1,263 1,264
950
.
1903.
Milwaukee..
Totalall...
1903.
$$$
July.
606
435
197
179
102
82
101
85
67
37
44
37
51
28
32
28
26
21
19
18
20
10
12
15
23
85
67
88
54
49
35
51
34
37
23
28
26
21
21
14
16
17
8
18
12
10
,
$$
865
698
692
580
485
451
378
320
301
220
209
232
187
175
189
133
122
113
115
85
88
750
628
701
640
431
384
363
296
310
200
207
209
168
169
151
132
126
92
98
86
98
649
585
729
610
406
337
289
274
298
184
203
189
173
141
112
130
121
88
72
82
102
567
472
650
404
326
291
310
257
246
171
190
182
148
138
92
125
104
77
71
78
66
9,3219,777 9,028 6,^62 63,915 64,840 71,004 47,261
447
394
324
233 3,116 2,753 2,320 2,080
9,768 10.171
3.790 3 577
9,352
3.270
6 245 67.03167,593 73,324 49,331
2.693 2d.3.')6 24 088 22.507 19.265
+8-3
+ 6'9
i191
pl0njetava3l ®0mmerciaIgu0UsB^S^jetus
-H5-7
— f3
-t-18-9
-l-16'3
-1-8
4
260,011.403
230,197,118
4-129
$1.1^^4.716.300
885,278916
$1,645,180,001
370,988,017
-fO'O
9-a
$8,019,984,216
$1,916,188,018
+6-4
—
Our usual monthly detailed statement of transactions on
the various New York Exchanges is appended. The results
for the seven months of 19U3 and 1902 are given below.
IFrom OUT own corresponaent.j
London, Saturday, July 25, 1908.
The two events of importance this week have been the
death of the Pope and the King's visit to Ireland. The
various obituary notices, giving an account of the Pope's
life, both public and private, will already be in the hands
There
of your readers before this letter is in print.
is
of course considerable'
interest as to the present
Conclave. It is, however, felt that the new Pope must
:
VBE OHKONICLR.
280
hardly probable that he will
if he ao desired, to materially
depart from the line of policy followed by his two predeces
sors since the unification of Italy. A Pope bold enongh and
statesmanlike tnoua;h to devote h'mself purely to the spiritual
and ecclesiastical side of his vocation and abandon the straggle of temporal power would of course revolutionize the
policy of tbe Roman Caria, and could hardly fail to have a
most beneficial iiflaence on the future of the whole Roman
Catholic Church. That, however, if it is ever to come to
pass is felt to be a dream of the future, and it is doubtful if
any Pope at present, and least of all an Italian Pope, could
carry such a policy into effect, even if he wished to.
The inflnence of the visit of our KiL'g and Qneen to Ireland should be eminently favorable whether consid.-red from
a political, social or economic standpoint. The King has
credit for the new Irish Land Bill now passing through
Parliament. He is known to be exceedingly anxious to do
everything in his power for the welfare of Ireland, and his
personal popularity and personal taot is of course well
known, both within the Empire and outside, to be unsurpaBsed. If any individual can improve the relations between
England and Ireland His Majesty may be confidently cout ted
upon to do it. So far the visit hag been a brilliant suocees.
The Dublin people have received their Majesties with accla
maticn, and although addresses from public bodies have
been few, that is a trifling matter compared with the good
reception from the general public. Here in England at the
present time we are all anxious to strengthen the bond of
Empire wherever outlying possessions of the Crown may be,
and it is felt that it is a reflection upon British administration that a cfiantry within sight of the cradle of the Empire
should be chronically discoiitented and only partially loyal.
Englishmen in general are anxious to do everything within
reason to satisfy the wishes of Ireland, and if possible to make
her thoroughly loyal. The economic advantages to Ireland,
would be immense. There would be a large it flux of British
tourists, and in addition British capital would readily flow to
Ireland. It is of course notcrions at present that it is ezceedirgly difiioult to get capital on the London market for
any Irish enterprise, however promising. This has been due
to the unfortunate relations between the two countries, a
dread of home rule and what not, all of which would pass
away if the relations between both became cordial. Although Ireland prssefses very few minerals and is ueually
regarded as a purely agricultural country, if she now settles
down politically her unrivalled water-power would enable
many industries to be built up by the application of electricity.
This would require a large expenditure of money,
but the capital could readily be obtained in London if the
political state of Ireland seemed to justify Its expenditure.
We have had once again on the Stock Exchange, and to
a lesser extent in the money market, what we call an
" American week." In other words, the prices of securities
upon our markets have been mainly dominated bj the cable
reports from Wall Street. Immense blocks of American
securities have this week again been sold in Europe.
Until
the selling from your side ceases and the cables sent over are
of a more reassuring nature, the operations of your financiers
will continue to be watched with very keen anxiety.
So far as the money market is concerted there has been
an indisposition on the part of bankers and brokers to lock
np their resources, and consequently rates in Lombard Street
have been lower than would have been the case had the billbrokers and discount houses been oper9,ting freely. la other
words, money appears from the rates of discount charged
ttuch cheaper than it would be found to be did any sudden
demand spring up. The Back rate is, as you know by cable,
maicta'ned at 3 p^r cent, and the reserve this week is somewhat higher at £25,250,000. This compares with very nearly
£26,500,000 a year ago. The proportion of reserve to the
Bank's liabilities is now as high as 53 per cent, a slightly
better figure than was the caee last year.
As already said, operators on our stock markets, in whatever departmerit,they are operating, are disposed at present
to deal with one eye on Wall Street. All your cables have
'jeen far from reaeeuripg, and naturally prices on balance
here show a general decline since Saturday last, la the
case of what we call the great investment markets that is,
for consols and other of the higher classes of investment securities—there has also been a special reason for the decline.
be an
ItAlian,
.
and
it
find himself in a position,
is
even
—
[Vol. LXXVII.
as money began to get cheap, about three weeks ago,
varions of our hungry corporations proceeded to put out
feelers, and some of them actually to issue new loans.
It is
notoriously difficult to deal in the immense blocks of unplaced corporation issues already on the market, and these
new additions have been received with anything but favor.
It is now announced, however, that the big underwriting
syndicates in the Stock Exchange have refused at present to
entertain any further issues of this class, and it is hoped that
this announcement will have a steadying ir fluence upon the
market.
Tbe India Council continues eminently succes.oful in the
As soon
For the 50 lacs offered on Wednesday
amounted to 3,876 lacs at prices ranging from Is. 8 31-82d. to Is. 4d. per rupee. A wetk ago, it
will be remeuibered, the applications for 50 lacs amounted
to 5,000 lacs— this of course was an exceptional figure. A
disposal of
drafts.
Its
the total applications
year ago the Council offered 40 lacs for tenrler, when the
applioations amounted to 1,881 lacs, the price being Is.
Tbe total sales at that date had realized
3 3l-82d. prr rupee.
£4,500,
fOO, while since the beginning of the presless than
ent financial year tbe Council has already sold bills to the
value of £5,813,000. This testifies eloquently to the improvement in trade between this country and India. As is well
known, these Council drafts constitute the most convenient
means for remitting money from this country to ladia.
The following rexurn shows the position ot tne bank of
England, the Bank rate of discount, the price of nonsols., <&o.
compared with the last three years
:
Jiilv 22.
1003
July 33.
a9,4C8f90
29.H4H.f90
laos.
iroiiatlon
1800
iPtn.
July
J^tty 35.
34.
S0.U8.S40
«,7fl« 689
80,179 J55
'abliodepoilti
•>lhar dBpOiltf
»o»ernnien'. neonrltiet
7.i'8,ie3
11661661
Ul.»-5. Id
411!*4a79
r9,416.f63
l6,S4»,*'4u
1B«SH4«0
39.f4r35S
1P,'<!14. 99
OtJier •eoariltna.^
Ke.Ole 874
26,881.895
2t),Ai 8,0v-5
26.xe260l
&nerT« Ot notei and ooln
Join Abnmoi:. both departm't* 88.666,691
6)1
o llabllltlei.D.o.
3
...percent..
J»nk rate
92 1-16
OMOU. J« per cent
26404)10
25.)!7.,4i'4
88.!d';v»,100
37,6"6,h49
b }i
51^
^rop.reierre
eSM
»BHa.
surer
.•iirlna-Hoalo retarni
3i<9(
4
i.79-l«
i'Hd
«a.
••«•»««
174.145.000
i9.vV6 )!30
31.63h.578
3
99 18-16
H
.
S0,J-e8,4lT
XO 41tt.846
2S.154.t-4»
1E4.740000
163.022000
166614.000
The Bank rate of discount and open market rates at th«
jhief Continental cities have been as follows:
Bank
Oven
Rate. Market
Bank
Open
Rate. Marker
Pari*
Berlin
3
4
3
4
QambnrB
4
8
4
2»
2«
2%
fi-ankfort
4
3
4
Z'A
kmtterdam....
9H
3«
3ra8self
8
3
PeterBbnrK
Madrid
Cooenhaffen.
3
m
non.
SM
4X
8t.
3
4
July
July 17.
July ?4
ttateiot
Inttrtet at
.
Bank
July*.
10.
Open
Rato. Markt
Bank
Open
Rate. Market
3
9H
4
4
S
4
4
8
8
m
4
8)4
2H
2H
sa
4«
nom.
4
3
4«
4M
i'*
8
3«
4M
8)4
nom
4
4)4
3
4
3
4
s
nom.
.
4
The quotations for bullion are reported as follows:
aOLD.
July
July
BILVBB.
Jtily
July
'iOndonBtandara.
23.
16.
London Standard
23.
16.
t.
d.
oz 77 10ifl
^araroia.Sne
M.S. gold ooln...oz. 76 51*
'jJrtrm'D i^oldoolfl.oi 76 5>«*
Trenoh gold ooln.os 76 Pifl'
*p»D^B* y*n.,..o« 76 6H'
H.
'Nominal.
Messrs. Pixley
July 33
Gold-The demand
&
i
(i
77 10>ii Bar Bllver fin6. os. 2P%
Do 2mo.dcllvflry 2S
76 6»«
76 !i^ Bar stiver, oontaln'jf
76 r,ii
do 5 gre.gold.OK. 26"^
do 4 grs.gold.oE. 26111
76 5V
,
. .
a.
24%
2ihn
25\
'i?^«
do 3 gre.gold.oz. 26i« 24''8
oz. 27%
26U,e
O&ke sliver
Mezloan donarB..OB. •24.\* 24»a*
Abell write as follows under date of
for the Continent still continues at unobantced
Daring the week
is Berlin rather than Paris.
the Bank ha.-t reoeived in bar gold iEtJ^.'.'OO from Australia, and has
Arrivals: West
losT, to Java iS20,000 and to Srrnth America £20,000.
Indies. *22,70<^; Cape. « 164,600; Australia, £50,000. Total, 4237,300. Shipments: Bombay. £10,000.
Silver— 1 he market still continues Arm. The demand for ready silver
from China and forward silver for India Drought about an advance to
25>«d. and 2.'5d. respectively. At these rates the d(?mand for China
but the qnarter
rates,
we weakened ro 25 "sd. cash and 24''ed. forward, but todav forward Is Arm on a renewal of the Indian Irqulry, and we qnote
25 38d. spot and 25d. forward. Arrivals: Wfst Indies, £t.000; New
ceased, and
Total, ,£51,400. Shipments:
York. .£2'!. 800; Australia, £22,fi00.
Port Said, £l,.SOO; Bombay, £146,000. Total, £147,300.
Mpxtoan Dollars— The transactions In dollari} have been small, the
market prices being >?4%d. cash and 24S8d. forward.
The foilowlngdhowstheimportsof cereal produoelnto the
Jnked Kingdom during the forty-six weeks of the seaBon
ompared with previous seasons:
IMPOSTS.
1901-02.
1902-03
(mr'taof wh'iat, Owt.73,044 974 62.162,084
t«ri
}»tn
•.
^oas
ieana
indlaEcorn
Klonr
1899-00.
K-OO-01.
61,410,600 S6,732,300
80j
11.267.900
18,622,
20.100,500 18,6 >8,800
20,295,826
16,191.711
2,20t.fi30
2.306,740
1.858,539
1,455,420
1,581.240
1 706,206
1,409,5^
3^36S,742 40,624,012 49,510,600 60,249.400
«„.17.157.333 17,952,€03 20,416,400 19.029.01)0
23.712.l6e
13 897,252
1,699,103
^
AUGDST
.
THE CHKONICLE.
8, 1908.]
Supplies available for oonsamption (exolusive of stoolbs
on September 1):
1899-00.
1901-02.
1900-01
1902-03.
Wbeatlmported. owt.7S,044.974 62,162,084 61,410,600 56.7S2.3!)0
17,157.333 17.952,603 20,416,400 19.029,000
ImportB of flour
29,481,009
22,363,682
22.268,651
lalesof taome-Krown.22,S73,140
112,575,447 102,383,338 104,190,632 105,242,809
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
1901.
1902.
LattweeK.
Thiiuieek.
2 81k».0O0
2,206,000
1,985,000
Qr»... 2,186,000
Wat%X
2S6,00i
225,000
240,000
Tlour, aiiual to qra... 2«*5,000
865.0av'
915.000
1,040,000
«alie,...
qra... 1,130,000
Bane Notes—Ohanqes
:
LOifDON.
MoH.
<iaU
Silver, per oanoe.... .d.
Oon»ol8.,nev,2% p.ota
For aooount
356i«
Silnlng
toh. Top.
(b
Santa Vi..
...
Ohloa. Great Western..
Okie Mil. <h 8t. Paul...
Den.
Rio Gr.,oom....
Do
do Preferred.
A
Krle,
oommon
..^
1st preferred
84 preferred
UUnols Central
LoulsvlUe A NaahvlUe..
Mexloai. Central
Mo. Kan. &Tez.,oom..
Preferred
National RR. of Mez...
Preferred
m. Y. Cent'l & Hudson..
V. Y. Ontario <b Weat'n
orfolk
Do
Vorthem
o
Western
do
pref.
<b
tQ
22ifl
122
»
23 Vt
63 B^
88
Seourltles....
flonth'n
22%
88
89
24
24)fl
Paoltio
Railway, oom..
Preferred
Preferred
8. Bteel Corp.,
Do
do
oom..
pref..
Wabash
,»^
Do
preferred. ......
Do Deb. "B"
60%
90
883^
Sonttt
41ifl
34
421a
19as
41
331a
40^8
1838
87
87
84
7314
7116
87
aiia
89
88
28'>8
72ifl
71%
70 »a
37)i
201s
331a
181a
311a
61ifl
58
54
221a
14%
142
23
BBCBIPTS AND DISBURaBMBNTS
<o
CfM
a,
^ CO ^ lO o .^
^
a>35ot
0><a-.f
«o
et w o 00
uooe*
»
00
30
05 -"at
wl^^
09
St
-iXt-
<C
IO<5M
f-O
,
s
^
xa^
«•
«t-«
»»o»
•w
-^
*
a •TtT.
J5
os« «
abi09 »
CDVf
S
09
&
OS
^
®2S o
,
19
38
1 p. Ota.,
22
63
88
OtM
ai
^«o
•t°*
i
,
OCoas
i
^
• 0CO5
-
00
:
:
24tS8
xxio
eoo«
.N
w
—
••
V4
oo.-t«c.f m
vmm X
lO
oco'*
o
ofoa
M
...
...
:
»»
l*-H
09
eo
o(
a<c^t^
ooo
rH
.H
•
:•
:
2
:
=
2
• n
o -S*
• '-to
a- 5
.
a
o
as
OS
...
a,
•
et
o
«
:
•
a
• o
•
m
a.
o
o
e
«:
=
:::
:
:
:
29
:
:
fr.
c
k,
«
o
o
o
•
a
*^
C8
—
0903
.
.
.
.
.
:
•
:
•
:
:
•
:
-
•
V« OO
«n not
03I 009
r"t- OOO
o)c«
r*
*
21
:
•
•
:
•
1
:
:
:
a
:
:
: :
;
g : ::•
:
e fc...
•
000«
=
•a
fc : :
.
.
•
A
c®»
-"-'
:
o
o
«417,346,487
i?41,375,242
1,
$1,201,682
2,837,263
1,685,581
Amount on deposit
to redeem national
notes Aug. 1, 1903.
$39,739,661
The portion of legal tenders deposited (1) by banks becoming insolvent, (2) by iaanks going into voluntary liquidation,
and (3) by banks reducing or retiring their circulation,
was as follows on the first of each of the last five months.
April
Depositsby—
May.
1.
s
1.
June
July
1.
$
S
Aug.
1.
1.
$
^naolv'ntbks.
661.248
584,198
715,428
721,688
701,938
ulquld'g bks. 11.871,110 11.926,693 ll,955,09ij 12,850,673 12,364,469
Ked'o'gund.*
act of 1874. 31,582,906 30,938,992 30,199,182 28,363,821 26,800,994
44.169.444 43.587.373 42,856,218 41,376,242 39,739.661
•Act of June 20. 1874. and July 12. 1882.
DITIDENDS.
Name
of
Company.
Rallreads (Steani).
CWc. Great Western, pref. A
Cleveland & Pittabnrgh, guar. (quar.).
Hartford (& Conn. Western
n Iseellaneona.
American Qraphophone, pref. (quar.)..
American Radiator, pref. (qnar.)
Brooklyn Union Gas (qnar.)
Peopie'8 Gas Light & Coke (qnar.)
RaUway Equip.
Corp. (monthly)
Per When
Cent Payable
Books Closed.
(Bays Inclusive.)
Aug 16
av,
Ang
81
1»4
1
Sep
Aug
Holders of rec.
31 Aug 21
to
1»4
1»4
Ang
Ang
15 Holders of reo.
15 Ang 11
to
Sep
2
11a Ang
lia Ang
Aug 20
Ang 10
Ang 31
to
}
)
26
lb
Angle
Ang
16
Aug 1
Ang IB
Aug 31
Ang 26
to
to
>
".II
ch
a
1903.
3,676,837
09'al
OtO '«»
XOJ 0-*
mm
,
to redeem national
1903
Amount deposited during July
Amt. of bank notes redeemed in July
bank aotes July
—
ax
xo
oo_ OO
..t
£?•::::
o
!=:•:::
«
o
e
Eh
ai
-<
1
^413,670,650
$7,750,744
4,074,907
Legal Tender Notes—
o»r-
o^ X
09
in the
Amount on deposit
Total
I03S
O^l 06»
ofV of'"
m
'«
lO
Amount bank notes afloat Aug.
Auction Sales— By Messrs. Adrian H. Mnller
Sloelcs.
«
..J
Nil
•
mo
THOt aie*
,
•
«-•
oot- C<,-i
on
00
V0^3»rH«l
axxxoo
.-<
—
oie)
r-c
not
oaio
09
......
no
80
t»
O
9
Ifational Bank yotes— Total afloat—
Amount afloat July 1, 1903
Amount Issued during July
Amount retired during July...
Legal Tend's.
00
...
9XIO
,^
»«XO09 35 w
enc-«^x
<o
«
•
!DO
05^
a
«foc-aa
9
StIOfdOOO
— at^
ooac^^oDOt
9t
I091
XQta t-»-<
,M
o« — — — • lO
otcxoot X f
XMI
sc-
m
X
m
X
oaTto
.—
f-tpH
C9;p
oo-fltV-o
»3P0,173.030 «532.884,550
«15?,711.520
amount at that date in possession of the Government as
security for deposits |163,415.520.
The following shows the amount of national bank notes
afloat and the amount of the legal-tender deposits July 1
tind Aug. 1, and
their increase or decrease during the
month of July.
on
«lo
s>
$6,187,600
7,675,950
11,999,860
9,204,400
477,627,850
1,639,000
16,530,900
2,989,000
§ub-Trea8ury against deposits in banks. There
were so held on July 81 $10,704,000 bonds, making the whole
bank
,-*
«t556,150
3,264.760
1,630,100
2,179,380
372,642,650
871a
0«0<
ox'io' oV
^
^
asic>xoo 09
t-noxxrX
o^« <o a: 00
o
.^
total Held
New York
21
34
57
«
eoco0)fm<c
1900 due 1930.
65e Diet. Ool., 1924...
Secure
to
84
74
a>
00
»«-.
...
1
atio«x»ai
Bonds Held July 31, 1903,
$4,611,460
4,411,200
10,469,760
7,026,020
104,985,200
1,689,000
16,630,900
2,989,000
1895, due 1925
due 1908-18
Total
V2%
71%
exveox f
44,693,145
43,150,454
41,875,104
The foregoing does not include the bonds held
)
^
o
»
O-vCOSX Ok
.^
o9«<coe.io
a»x>ia
o
•
.
s
s
s
••
1;
•
s
o
t-xxc»e»09
XC.IO o
*
c^
,-«
01
^
o
oa
OS
«
o
• »» »
-^'^O*
®
»i>o o
w
CH'9-t
lO
aoc«
ott-xvov f
oeeo
oat X
OSXo^Of » lO
ac>c>'4ai>4 o
.^
V
O00»-Wft» -«
09OC-X«X c
r^^c*
«
t-
••w® s®a«
43,754,10:1
Bank
State & City
Philippine Isl'd Certif s
881a
rHM
,-.
3t
9
Oirculalion.
2 p. ots.,
3
X
et
xc^io^e.r.'
iuavioc>Xoo
— o5 1- — lo
417,346.487
418,670,650
406,443,206
391,151,728
382,519,268
882,798,845
383,973,646
384,929,784
384,854,514
380.476,334
366,993,698
361,282.691
in Banks.
3 p. otB.,'98,
f C-^
o
a>
39.739.661
41,375,242
42,856.218
43,687,373
44,169,444
44,188,484
43,386,607
42,801,940
9
377,606 826
372,295,408
363.586,987
347,564,365
338.849,814
338,660,861
340,587,939
342,127,844
341,100,411
335,783,189
323,843,144
319.407.687
Put>lie Deposits
6 p. ote., 1894, due 1904
4 per ots., funded 1907..
39ia
XOOM'^O* X
.H.*
«Xl-—
<o
.-t^
,.<
Total.
full
July 81, 1903.
15
19
0«>HiO»-S.O
.-(.-(
o«00(casxx
«•
£*
to
ten ore.
14, 1901,
.051a
OO OO
C-r-t
9
9
880,173,030 39,739,661
June 30.. 375.347,270 41,375,242
May 31.. 367,827,920 42,856,218
Apr. SO.. 852,696,120 43,587,373
Mar. 81.. 342,160,770 44,169,444
Feb. 28.. 342,164,670 44,138,484
Jan. 31.. 342,903,520 43,385,607
Deo. 81. 844,252,120 42,801,940
Nov. 29.. 343,018,020 43,754,103
Oot 31.. 338.452,670 44,693,145
Sept 30.. 326,062,770 43,150.454
Aojf. 81.. 822,941,680 41,875,104
V. 8.
Oi
io«xia^c>
Under
Legal-
Sonde.
tenaeri.
Bonds on Deposit
VXIOXI^O
A -voa oc*» cc
00IOt-ft-« «
t- aiooao
CQ
xir- 1r- eo
e
fH
lO
Oireulation A/loat
\
July 31
481a
133 1q
0.-il~«05
ojMiot-aow
09
0-9«
,
• »'«
»
»
•
ajtoo 3>
O
^iCf o
eiasos
a
^
X«(S »
9<OL- X
s
r-
V 00a
• cat
4;
.
>0
c^cTcTw-oo
t»I^.J
t^^H
e-"
o
09
y.Ha »
«e*
V
s
22" u
OOQDX ^
a
a
1-*
F.>
3p
(000 jiultLed.
...
in Deposited
\
Legal-
Bond*.
66%
Qdvernment Revenue and Expenditures.— Through the
sourtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements
for the
month of July.
From previous returns we obtain the figures for previous
months, and in that manner complete the statement foi
the seven months of the calendar years 1903 and 1902. For
Uatement of July, 1902, see Cheonicle Aug. 9, 1902, page 273,
axoo
and
761a
26i«
©jomiwcrcial aixd plisjc^Hattje0US^jews
"?
of,
explanation of the above table see Chroniolb
page 1232, first item in Financial Situation.
The following ahows the amount of each class of bonds
held against national bank circulation and to secure public
moneys in national bank depositories on July 31,
Prloe p«r nhare.
'
and
Oireulatton.
1902-03 for Bank
Dec.
301a
41iS
33ia
4314
201a
il^a
Total
Legal Tetider$on Deposit,
For
88
125%
U8ia
34
23
8»8
I20>a
21Bb
All*
871a
871a
2314
43S8
20'8
Union Paoltio
IT.
9m
9114
97 771s
38
62B8
911s
& Bead.,2d pref.
Boathem
26Bia
25»8
39
*PItlla. <b Read. ,lat pref.
*Phlla.
#rt.
S538
90iSie
89^
ARead
Phlla.
tkur$.
91ifl
Preferred
Baltimore A Ohio
Preferred
Oanadian Paolflo
Ohesapeake e» Ohio
ir«t.
26>g
9013,8
9l8ep<^fc 91
91>e
ij
98-37)fl 97-92>« n8i2»s 97-77
Sif
3<^
3\
58
6iie
633s
91>9
88
90
85 >4
82%
801a
8714
68ifl
87>a
I26i«
V24B8
124
a9i«
33>4
81 >«
I8I4
13%
15%
139%
142
I44>s
2II4
24
22%
76
801*
79
27 08
243s
29H
653^
68
67»«
O
43
51
481a
H
.8II9
133
.301a
00
102%
07
L04
O
14
16>9
14
19
171a
ig^e
O
41
S9ifl
371a
19>«
19
181a
rr'oh rentes (In Paris) fr. i)8-06
aaoonda
Tut.
in
Bonds, Etc.— We give below tables which show all the
monthly changes in Bank Notes and in Bonds and Legal
Tenders on Deposit. The statement for July. 1902, xciU be
found in the Chbonicle of Aug 9, 1902, page 278.
Xotai
Bnarllsk Vlnanclal M«irk.«ia— Par Cable.
The daily oioslng quotations for8eouritlea,eto.,at Londot
are reported by oable as follows for the week ending Aug. 7
281
55
99
II
^...
60 Windsor Trust Go
248
53 Bowling Green Tr.Co..218
20 Eastern Trust Co. ..168-172
100 Amer. Tobacco Co. com.. 250
&
Son
:
Bonds.
$13,000 Penney. Cent. Brew.
Co. 1st 6s, 1927.
A&O
70
$26,110 Public Service Corp.
of N. J. Perpetual interest-bearing eertitloates
40%
4
4
1
THE CHKONICLF.
282
New York City Cloarine House Banks.—Statement of
condition tor the week ending Aug. 1, IWS, based on average of daily results. We omit hoo eiph<^s (00) in all cases.
[Vol. LXXVII.
New York
City, Boston and Philadelphia Banks.— Below
of the weekly retuins of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
a
is
summary
We omit two
BA>- KS.
Surplus
Capital.
SpteU.
Loans.
Legals. ^Deposits Re-
CapitalsSurplus.
s've.
BANTCS
Co
Manliat.
MtTkhauts'
Meohanics'.
Auienca
Phoenix
Chemioal
..
Morcli. Kx
Gallatiu
But.
We
.
Dniv
.t
•
"-
2,2 5.0
l.l"7.-J
2,43.i,6
l.l.".7.5
*^
r.'.."'i!l.li
1,595.0
3,693,0
872.0
22,744,6
3,800,6
1,092,0
856.0
596,8
336,0
412.6
1.225.2
3.983,0
10,322,7
3.200,0
412,0
645.7
145.6
1,687,7
10,388.2
1,159,9
1,510.7
1.586.0
2,290,0
2,o:.o,o
2.0»K>.0
2.:'.7<>,;i
2,000,0
-.,,>
7''S
.'»
20.228,3
4.12X.0
15,SJS,.l 134,062,1
23,904.3
7.1.-.!>,1
4.889,8
;i;>o.o
7.582.7
2,148,;i
«,.<7;^.•^
:;.:i i>
......
..
,
Lo,
,
,
^;
5.000.0
10,000,0
3,000.0
422.7
a.7,-^1.4
...
...
4o0.0
200,0
N. -Viuerica
2,00i),0
1,070,2
SOS.O
2,070.0
Hanover
3,000.0
1,000.0
1,550.0
500.0
1,000.0
Couiuicice..
Mercantile.
Pacltlc
Cluttham
People's
...
Irv^n.!?
Citizens'
..
Xassan
Mar.ilb F\ilt.
ShoeAI.thr.
Corn Exch
Orit'utal ...
Imp Trail
A
Park
River
Fourth
Ea.st
Central
Second
....
....
First
N.Y.Xt.Ex.
Bowery
...
N. Y. Co...
German
Am
Chase
Filth
Ave..
German Ex.
Germania
..
Lincoln
Garfield....
Fifth
Bk. olMel..
We.st Side..
Seaboard
..
IstX.Eklyn
Liberty
N. Y. Pr. F.x
New Amst.
Astor
Western
Total
t
8,007,4.4.">0,f.
588.0
l,ltOO,0
.
...
2.0,->2.2
tii.r.
Gi
Amor. i;\i.li.
2,000.0
600,0
1,300,0
3,000,0
250,0
3,000,0
1,000,0
300,0
10,000,0
500,0
250,0
200,0
750,0
1,000.0
100,0
200,0
200,0
300,0
1,000.0
250,0
1,000.0
200,0
500,0
300,0
1.000,0
1,000,0
500,0
350.0
10,000,0
1,775,0
2,444.0
5,602.0
2.463.,^
1.000,0
25.000.0
soo.o
000.0
1,000.0
300.0
...
$
9
17.617,0
19,325.0
12, -19,4
2.000.0
l.SOi'.U
Ciiy
$
$
»
Bk. of X. Y.
0,308..'^
1,072,6
671.0
304.9
1.211.7
363,2
3,320.8
842,8
6.026,6
6,867.4
156,0
2,064.5
611,2
1.281,6
13,174,1
393,7
773,7
635,0
493,8
3,690.5
1,643,1
658.8
849.8
1,284,1
1,301,3
375.0
1,413,0
509.6
1,313,0
575,9
3,9na,o
2.078,9
4.573.8
27.963.0
75,116,7
22.867.5
3.214.5
5,779,2
2,098,3
15.268,1
44,166,2
6,432,0
7.181,8
2,745,3
6.051,3
5,044.8
25 909,0
S.
2,392,1
7,486,7
3,250,0
11,269.0
4,0.)3.0
9,792,1
4,063,6
5,847,6
4,621,0
1,8.')8.0
486,5
692.6
508.4
3,267.5
66 1,0
9.318,0
74,992,6
6,4 58,7
2,767,0
4,311,4
3,367,0
34,976,1
8,845,7
2,872,3
2,908,5
10,259,9
7,389.4
58,381,0
33.><,0
9,189,7
2.115.!'
<")6J,7
6ol,3
62,8
440,0
292.2
410,8
2.306,0
6,497,4
1,244,2
548,2
l»6l,3
493.3
1.726.0
7,357,3
439,7
584,0
328,8
682,7
185.9
3.350.0
829.4
1,307.0
5,398,0
205,9
3,196,0
1,041,0
1,135,0
3.(0.9
1,2S8.0
1,431,9
4,779.0
457.2
5.25-'.
22.312,0
54,495.0
1,152,8
17,147.4
1
4.1.(8,0
14,462,0
165,3
2.357,3
1,274,0
1,315.0
14,561,1
697,9
381,0
753,0
685,4
12,347,0
2,255.6
185,0
415,0
239,3
1,489,1
454,3
1,549.3
574,0
1,896.0
401.0
2,228.2
967,7
916.4
887.0
13,697,4
2,457,1
572,9
218,0
376,5
198.3
2,442,8
253,0
550,0
442,2
2,450,9
299,4
156,9
559,6
274,0
•
1,670,0
568,0
240,0
321,6
413,6
384,0
3,127,2
109,922,7 129,168,9 908,864.5 170,738,3 80,786,2
P.C.
$
16.327.0 25-8
32-U
26
23.777.0
13.766,6
12.382.0
22.251,5
4,015.0
120.612.0
22.646,3
5,463,5
2o-6
26 8
.(01
26-4
6,121,1
2,476,9
3,931,0
1,773.6
4.961.2
t
IMiiln.
J-ly 18
J'ly 25
19-7
Aug
—
Reports of NoiiOIember Banks. The folio-wing is the
statement of condition of the non-member banks for the
week ending Aug. 1, 1903, based on average of daily results.
We omit two ciphers (00) in all cases.
t
1
1
62,322,0 187,940,0
62,322,0 186,595,0
6-2.32-2.0 184,502,0
Includin,!; tor J5o.ston
and also Government
amonnted on August 1
Capl-
Sur.
008 omitted.
tea.
pltis.
Loans
<t
Invest-
Specie.
ments.
Notes.
Other Deposits
Agent. Bfcs.ic
Clear'g
Man&Br'nx
Colonial
..
14th street.
Gansevoort.
Hamilton
..
Mt. Morris
Mutual
19th Ward
Plaza
Riverside ..
State
12th Ward .
23d Wiird ..
.
YorkviUe
..
Fidelity
Vanck
Jettersou
..
$
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
Century ...
Wash. Hgts
United Xat 1,000,0
Bonmg'h
$
207,4
271,5
102,6
57,1
120,8
11'2,5
191,7
194,6
239,4
108,3
492,4
99,1
93,6
265,2
113,2
60,4
239,6
53,2
116,6
»
1,979,9
3,260,0
1,702,0
1,677,5
2,317,0
2,108,0
2,216,7
1.285,2
2,837,0
1,116,1
6,550,0
1,440,0
1,292,3
1,814.4
$
$
46,6
148,0
96.9
24,4
105,9
105,0
16.6
31,3
185,0
12,6
68,1
406,0
40,0
233,0
171,0
142,4
187,0
39,9
65,4
51,7
26,4
619,6
10,1
853,7
1,8-2.2
4,1
377.8
578,4
168,0
105,0
63,4
101,9
85,7
81,0
177.0
115,7
163,0
$
340,5
251,0
198.9
135,8
150,5
217,0
436,5
366,0
175,0
56,6
227,0
71,0
127,8
125,8
44,8
83,7
6,9
6,4
61.1
l-.i7,2
20, 'i
46,4
57,6
78,0
20^6
1,982,7
13,0
187,0
20,7
37.5
12,0
96,7
162,0
55,8
32,0
76,1
388,0
53,7
311,0
193,0
$
$
128,1
18,8
427,0
2,461,3
3,378,0
1,897,9
1,795,4
2,536,2
2,663,0
2,599,9
1,555,8
3,123,0
1,063,7
7,194,0
5,0
1,76-2,0
39,6
1,357.5
1,859,0
556.8
3,0
45,2
100,0
54,0
64,6
1,8
31,0
5
12.3
894,6
1,535,5
326,6
460.1
1.111.0
01
Brooklyn.
Broadway
.
ll.i,o
Brooklyn ..
8th Ward...
300.0
100.0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
316.9
165.0
20,0
531, :(
391,7
45,9
653,9
595,0
1«5,7
100,9
85,0
208,2
122,3
70.3
86.4
1,970,0
1,502.6
l8tXat.,S.I.
25,0
100,0
75,6
106,4
Other Cities.
l8tNt.,J.C.
400,0 1,039,8
Mfrs.'Xat..
Mechanics'
Merchants'.
Nassau Xat
Nat. City
North
..
.Side.
Peoples
17th Ward
SprairueXat
.
TJniou
Wallalxiut
BorouRh
.
...
355.0
4,4
2,981,1
5,461.7
347,9
136,7
318,0
159,1
41,1
431,3
459,2
37.5
21,8
2.113,5
1,559,2
432,5
3,387.5
6,306,8
388
8.7
26,6
39,5
40,0
10,0
22,0
106,0
133,^
60,6
12,7
77,0
124,2
41,2
92,1
'.m.'J
844.6
529,2
746,1
23,6
33,1
15,0
10.0
76.n
145,1
12,9
569,3
729,5
4,490,6
247,8
231,1 1,423,3
510,8
5,851,2
90-.^,
,3,738,0
2,936,0
936,7
1,281,3
632.7
7.7
195.0
130,0
61,8
56.7
81,3
7,7
45,6
12,1
9. ,7,1
108,0
1.320.2
47,1
35.6
774,6
941.7
94'.2
90,1
542,0
290,0
48.5
78,9
08,0
161,9
119.9
907,7
4,050,0
3,104.0
943.6
1,369,8
681,3
979,5
1,391,4
744,9
Borough 0;
Biehmond.
Bk.
of St. Is.
Hudson Co
Xat., J.C.
2dXat.,.T.C
3d Xat., J.C.
l8tXt.,
and
Hob
2d Xat, Hob
12.5.0
639,2
•j90,0
270,5
522,7
142.8
2,251.4
1,144.4
1,079,4
2,647,4
1,089,0
80,0
66,9
53,.S
1:^5,5
36.8
63,0
14,9
69,7
23,2
48.3
193,9
199,6
580.3
138.6
73.1
57,1
10,3
32.8
11,4
26,2
6,570,0
6,571,0
138,325,2
125,820,1
114,682.3
6,60-2.0
121,481,8
125,866,6
104,338,6
item "due toother banks,"
deposits.
For Boston these Government deposits
to $6,312,000 on July 25 to !)!6,320,000.
;
—
finports and Exports for the Week. The following are
the imports at New Y'ork for the week ending for dry goods
July 30, and for the week ending for general merchandise
July 31 also totals since beginning first week January.
;
FOKEIGX IMPORTS.
_for week.
Dry Goods
General Merchandise
Total
Since Jan.
Dry
1900.
9,552,904
$2,406,640
7,944,309
$1,972,857
7,771,296
$1,961,902
5,629,642
$11,993,227
$10,350,949
$9,744,163
$7,591,544
.$81,076,275
.$74,20.5,610
280,414.996
255,221,203
$62,547,201
271,741,367
$73,998,165
254,934,913
1.
Goo<l8
General ^Merchandise
Total 31
1901.
1902.
1903.
i)i2.440,323
$334,288,568 .$32>i,933.078
.^362. 091,271 .$329,426,813
-creeks..
for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
The imports of dry goods
in
week ending Aug. 3, aoid from January 1 to date.
EXPORTS FROM NEW YORK FOR THE WEEK.
For the -week
Previously reported..
Total 31 weeks
1903.
1902.
1901.
1900.
$9,408,764
285,087.227
$7,003,578
272.759,763
$10,849,268
303,397,s42
$12,763,719
312,190,164
$294,495,991 $279.8:;3.34l $314,247,110 $324,953,873
Note.— As the figures of exxiorts 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. 1
and since Jan. 1, 1903, and for the corresponding periods in
1902
and 1901.
EXPORTS AND IMPORTS OF SPECIE AT
Since Jan.
Weelc.
Great Britain
France
NEW YORK
IMPORTS.
EXPORl.S.
1.
Week.
Since Jan. 1,
$20,289,981
$2,929,115
3.076,5;i5
l,729,7.'-'6
$16,682
31,387
7,668.312
10.300
4,215
$2,300 $32,806,301
4,811,228 '24,445,258
10.000 29,189.928
$20,797
34,557
132,891
Mexico
South America
;,000
300
All other countries.
Total 1903.
Total 1902.
Total 1901.
SilTer.
Great Britain
141,657
170,805
381,715
37,00a
$3,660,295
1,501.761
1,679,409
$44,000
$423,600 $16,382,155
1,833,994
France
Germany
West Indies
2.600
146,594
4.755
Mexico
South America
84,400
885.790
All other countries.
Total 1903.
Total 1902.
Total 1901.
.$428,355 $19,335,533
824,153
143.067
19,495,605
29,472,142
14,407
47.286
23,764
760,384
171,838
2,902
$64,254
$1,002,888
$2,561
1,837
78'2.299
66,306
2,206,287
Of the above imports for the week in 1903, $12,632 were
American gold coin and $4,911 American silver coin. Of the
exports during the same time $2,300 were American gold .m
coin and $3,000 were American silver coin.
^
Auction Sales.
—See page preceding.
^auTitttg
Spencer
and
jg^ittaticiaL
Trask &
BANKERS,
Co.,
iriLLlA:?! A: PINE STKEEXS,
NETT YORK,
Transact a o^eneral bankiniy business; act as Fiscal
Aorents for corporations, and necrotiate security
issues of railroads and other companiesi
Execute
commission orders and deal in
INVESTMENT SECURITIES.
Members
250,0
250,0
200,0
110,0
1,311.053,0
1,422,327,7
1.253.588,6
1,240,665.4
20.5.773.0 11,312,0
Pliiladelpliia the
Germany
West Indies
Boro^ighs ol
Clearings.
213,548,0 11,230.0
209,223,0 11.292,0
52,536,0
51,056,0
49,488.0
Gohl.
N. Y. CITY,
Columbia
16,571,0
16.304,0
Net
Leg. T.
iBank
7,101,0 209.393,0
7.280,0 206,036,0
6,948.0 204,801,0
17,3.30,0
44.764,0 180.509,0
44,764,0 1S6,2'>3,0
44,764,0 184,315,0
Deposit with
BANKS.
Circulation.
Kos.
J'ly 18
J'ly 25
30-3
2; -4
26-6
Total United States deposits included $37,257,100.
De.
posits.^
N. Y.
Aus
9098577 27-6
Legals.
Specie.
J'ly 1 238,882,0 909,529,0 156,673,1 74,371,2 892,143,3 43,010.2
.T'lytS 239,091,6 907.015.5 160,863.4 76,217,1 895.208,1 43.908,9
4:i,S10
J'ly 25 239,091.0 907.899,7 166,367,1 78, 1 12,5 902,376..^
"
Ahc 1 239,091.0 908.864.5 170,738,3 80,786.2 909,857 43.S6'2.6
2 61
39-7
32-9
22.020,0 2S-5
63.813,8 263
19,015,0 23-8
3,871,1 24-8
5,817,4 27-6
2.480,7 25-7
12.230.4 27-9
55,619,9 31-9
5,936,0 26-9
8.202.,") 2o-6
3.116.6 21-1
6.295,1 31-3
6,961,4 2'M
31,308.0 2,1-9
4,760,5 27
19.981,0 27-2
64,455.0 30-7
1,283,6 28-8
19,22-1,0 28-8
9,613,0 240
9,94.-i,7 24-6
61,847,1 27-5
5,546,8 22-9
3,074,0 19-4
4,836,3 23-3
3,266,2 27-0
44,994,1 32-8
9,637,1 260
3.210,9 22-8
4,382,1 19-7
10,679,5 26-1
7,365,3 24-2
2,448,6 24-9
8,593,2 24-5
3,620,0 23-4
13,028,0 27-3
4,053,0 23-9
8,548,5 28 8
4,153.5 310
6,056,0 21-9
4,618,0 27-5
61,442,5 27-4
Loans.
ciphers (00) in all these figures.
1,860,4
l,O0J,5
1,561,5
2,408,7
1,188,9
N. Y. Stock Kxcbanee.
Moffat
Branch omce. 05 state
St.,
Albany.
'
& VS^hite,
Members Ne\r VorU Htock Exchanire,
1 NASSAU STREET, CORNER WALL.
TotAng
1 8,612,0 101133 78,509.1 3,404.3 4.2o;},l 9.087,0 2,305.5 84,339,6
Tol.J'ly25 8.612,0 101133 79,49,t 8 .<, 360.2 4.581.8 8.708,9 2,229,0 •4,824,1
Dealers in InTCstmcnt
Tot.Jlyl8 8,412,0 100269 79,044,1 3.^00,1 4,735,8 8,392,7 2,078.6 84,783,6
TeL
582C-6821 CortlandU
ISecuritles.
Teieptaone Miocks a Hpectaltr*
1
:
August
8,
THE OHKONICLB.
1903.]
For IHtidend*
tee
page
pathy with the movement in stocks recovered, so that net
changes rarely exceed a point.
(5n^tiU.
IBaiilicrs^
Among
aSi.
WAL.1^ HTKKBT. I^KIDAY. Al U. 7. t903.-d P. n.
The Money HArket and Financial Mitnatlon.— Another
wave of depressiou swept over the security tuiirkets the first
portion of this week. It was caused in part by the suspension of two Stock Exchange houses and the liquidation incident thereto, and the decline of prices, referred to more
particularly in our review of the stock market, has rarely
been exceeded in so short a time. A substantial recovery followed the reacti >n that took place on Thursday,
but to-day's market has been irregular, and in some
was generally supposed that
It
cases decidedly weak.
and those of a doubtful
the nnfavorable conditions
character likely to atfect secnrity values had been fully
anticipated, but this week's record shows how unreliable were all snch estimates, and to make any attempt to forecast the future seems visionary.
An important feature of the financial situation is a decided weakness in the foreign exchange market and a deThis has
cline of rates to the lowest of the current season.
led to discussion in some quarters as to the probability of
gold imports in the near future. The money market remains
smb?tantially as reported last week.
The open market rates for call loans on the Stook Exchange
during the week on stock and bond collaterals have ranged
from 2 to 3i< per cent. To-day's rates on call were 2 to
Prime commeroiai paper quoted at 5;^ per cent
B per cent.
for endorsements and 5^*4(36 for the best single names.
The Bank of Englaua weekly statement on Thursday
showed a decrease in bullion of £1,033,585 and the percentage of reserve to liabilities was 49 b9, against 49'46 last week,
The
the discount rate rt-maiuing nnobangr-d at 3 percent.
Bank of France shows a decrease of 4,225,000 franceingold
an increase of 88'>.fl<K) francs in silver.
The
York City Clearing-House banks in their statement of Aug. 1 showed au increase in the reserve held of
md
New
r.')14.9 K)
and a surplus over the required reserve
|24,060,07.'5,
Against
Aug
DxfftrtnoM
frotn
prtvious wtek
1
*
t
JnrpluB
Loana St dlaooanta
Tlrculation
S'et
deposits
Specie
........
uegal tenders
SOP, '1^4 600
Ino"" 964.800
43.8H2.-00 Ino
•909.-5 ,700 Ino
170 7.<8 300 Ino
80 786 200 Ino
43
1901
Aug. 3
lfi02
Aug. 2
109 922 700
129 16><,900
""apirAl
of
fh« urevious week.
% S.s^l'i.lOO
4')0
7,480,9)0
4,371,200
2,643,700
t
9
100.073,700
114,537,100
919.671,600
32,184.100
957,145,600
173 443,»00
79,580,600
88,322,700
97,36.-., 600
878,506,900
30,572,800
965,912,200
180 545,700
80,697,700
7,0 4,9"0
deposits
251 524.6MI Ino
227,464 426 Inc
1,870,225
363.024,500
339,286,376
261.143,400
238,978,050
Snrplns reserve
24,060,075 Inc
6,144.875
13,788,125
22,165,850
t«eerToheld
IS p. 0. ot
$87,381,400 United States deposits inoladed, against $37,367,100 last
rMk. With thenf United -itAtea deposits eliminated, the surplus reserve
roold be $3S,3S0,435 on AagiisC I and $28.22<).dT5 on July 25.
Bainrns ot separitt .•*nBH appear ')d ttie preceding page.
*
orb—
•
—
Foreign Exchange. The market for sterling and for Coninental exchange was w-ak, influenced chiefly by offerings
)f bankers' bills ag linst railroad notes and securities which
lad been sold abroad.
To-day's (Friday's) nominal rates for sterling exchange
i^ere 4 84@4 8i}4 for sixty day and 4 86i^@4 87 for sight. Tolay's (Friday's) actual rates for sterling exchange were 4 8310
34 8320 for long, 4 ^550 .t4 8560 for short and 4 8580@4 8590
tor cables.
Commercial on banks, 4 82i^@4 82%, and docnnents for payment, 4 82*4 83^. Cotton for payment, 4 82
34 821,4; cotton for 'ioceptanoe, 4 82)^ ^4 82^, and grain for
payment, 4 83*4 83i4,
To-dav's (Friday's) actual rates for Paris bankers' francs
irere 5 19% aS IS^i* for long and 5 I7i^*@5 17i^t for short.
3«rmany bankers' marks were 94 13-16 394 J^^t for long and
)6;4@95 5-16t for short. Amsterdam bankers guilders were
J9 lo-16@40* for long and 40^^* a;40K for short.
Exchange at Pans on Loudon to-day, 25 f. 13J^(ai4 c;
iveek's range, 25 f. 143^ c. high aid 25 f. \S}4 c. low.
The week's range for excha- ge rates follows
-Long.I
4 8580
I
4 8540
I
6 16^8*
Parit SBiiktrf Franet—
Hl«ll... 6 19»g*
iJow.... |6 19»9
I
a
9
5 18»4
6
18'4'|
J
.
I
CjO»....
I
94'.
94i8i«
9
9
94
»
,
94Tgt
I
I
9
4 8590
4 8660
9
6
tf
I
4 8620
|
4 8570
-9
-9
4 8630
4 8680
18^8*1
174*
96
95S!e
96i,t
9
9
96»8
96»4
4oi<*
a
4014
Barman' Bankers' Mark*—
aigh.
-CrnbU*.—
-STlort.-
SUrling Aetunt—
ai«ti... 14 8350
9 4 8365
[lOV.... |4 83
3 4 'SIO
174'|
I
|
Av^tteriam Bankers' Guilders—
aift...
40-
t^^...
I
Lees
•
I
39i»:,
9 40
9
40'
ig, of
I
I
40Sie**9 40>4*
1%. t *as ot 1%. Plus H ^g of 1%. •• h* of 1%.
|
|
he 01 1%. t
The following were the rates for domestic exchange on
Eliew ifork at the under-mentioned cities to-day: Savannah,
buying 50c. per $1,000 discount, selling 75c. per |1,000
premium; Charleston, buymg par, selling $1 per $1,000
premium; New Orleans, bank. 2")@50o. per $l,u00 premium;
aommerolal, par (a 25c. per $1,000 premium; Chicago, par;
3t. Louis, par; San Francisco, 7>^c. per |100 premium.
State and Kailroa<1 K.»n'lt.— No sales of State bonds have
aeen reported at the Bodrd this week. The market for railway bonds has been irregular. Daily transactions increased
rrom less than $l,00),000on Monday to over $5,000,000 on
rharsday, aad soma issues which declined heavily in sym:
:
283
the notable exceptions are
Wabash
debentures,
which have been decidedly weak, closing with a loss of 6
points. Colorado Fuel & Iron convertible 5s, which declined
nearly as much, and Consolidated Tobacco 4s, which are
over 2 points lower than last week. The latter were the most
active bonds, followed by the Union Pacific, United States
Steel and the Rock Island issues.
United St^iteH Bonds.— Sales of Government bonds at the
Board include $10,000 28 reg, 1930 at 106^^ and $3,500 4s coup1907 at lOOJ^; for vedrly ranpe gee third vage following.
InUrtet Aug.
Periods
1
Aug.
3
Aug.
Aug.
4
6
Aug.
Aug.
6
r
is, 1B80
registered <4—Jan •106<^ •loeos lOBT, "Weoa •1064
ooapon
Jan •106H *106»8 *106«^ •loe-^ •ice's
IPSO
u, 1930 .smaJ.reglatered
Q—
IB,
3s,
3 s,
coupon
1930 ,small
reglHtered ci— Feb •i06»4" i06»4 i06»i noeu •i06'4 •1064
1918
oonpoii Q-Feb -107'3 •106»4 •106*4 *106»4 •1064 '1064
1918
8 a, 1918, small.regl8tered
38,
4s,
«s,
48,
48,
68,
6s.
•1064
•1064
oonpon
1918, small
1907
1907
1926
1936
1904
1904
registered
oonpon
registered
ooapon
registered
Q-Feb
Q-Feb
Q-Jan
Q— Jan
Q-Feb
.
*106'« •106 •»
•109 Wj •109S
109 >fl •109 >a
*134'4 •134'4
Feb 'VSb^ •134 >«
Feb •101»4 *101»4
-Feb *in3 *101»4
Q—
Q—
coupon Q
•106 •« •i084 1064 '1064
•1094 •109 4 •1094*1094
•109 4 '109 4 1094 "1094
•134', 1344 •134 *184
•134 4 '134 4 •1344 "1344
•IOIS4 'lOl^ •101»4i*101»4
•10134 •101*4 •101»4 •ini»4
momlne board; no <«(« was made.
Railroad and Miscellaneoas Stocks.— The stock market
has again been extremely irregular. It was dull on Monday,
"Tills la tbe price bid at the
the tocal transactions amounting to a trifle over 200.000 shares
and but few issues moved as much as one point either up or
down. On Tuesday liquidation was renewed, and this movement, which increased the volume of business to over 1,000,000
shares on Wednesday, continued until some time after the
opening of business on Thursday, when many prominent
issues were from 3 to 5 points below previous low records.
At that time Norih West., Missouri Pacific and Delaware
Hudson showed a decline of from 10 to 11 points below last
week's closing prices; St. Paul, Atchison, Metropolitan Street
Railway and Evansville & Terre Haute a loss of 7 to 10
points, and Baltimore & Ohio, Erie, Louisville
Nashville,
Rock Island preferred. Southern Pacific, Union Pacific and
Brooklyn Rapid Transit from 5 to 6 points. When these
prices had tieen reached the offerings were readily absorbed,
and buying orders were placed in sufficient quantity to
cause a sharp reaction. To day's market has been again irregular, with anadian Pacific the weak feature, and transactions limited to about 550,000 shares.
Virginia-Carolina Chemical continued the decline so conspicuous last week, reaching 21 and 80, a loss of 18 and 28
points for the c ^mmon and preferred, respectively, within
the two weeks. When at the lowest Consolidated (Jas sold
15 points below last week's closing prioe. New York Air
Brake 14 points, General Electric 12, Westinghouse 10 and
American Sugar ReHning 8. A result of the reaction noted
above is a substantial recovery from the declines in both
railway and miscellaneous issues.
For daily volume of bvMnesa see page 292.
The following sales ha,ye occurred this week of shares not
represented in our detailed list on the pages which follow.
&
&
•
I3TOCKS
WttK Ending Aug. 7
Week
Allls-Chalmers Oo. pref..
Am. Steel Foundries
900
80
10
844
5
Am Telep & Tel ntshts..
Amer Tobacco, pref
Consol Cal & Va Mining
Maryland Coal preferred
Nat Enami& si-tmp
Nat.
New
RR
Mel., 2d
Central Goal
of
pf..
Range Jer
for
41
Aug
Aug
4 Aug
Aug
Aug
16 lOD Aug
650 20 Aug
168 2 5 34 Aug
100 47 Aug
3110
20"
136
l-e-i
Wuk
Range since Jan.
80 Aug 6
80 J'ne
11
4
10
S'aAug 3
6
Aug
138
Aug
Aug
100 Aug
25 Aug
7
1-55
6
3
25»4Aug
47 Aug
3
1
8
136
l'o6
J'ly
J'ly
i.
874Fel)
20 Jan
64J'lT
Aug 169 Feb
Aug 8 00 Jan
Jan 110 Feb
20 Aug 36 Mar
25 J'ly 28 4 J'ne
47 Jan 60 Jan
100
Oatside Market. The curb market this week followed the
course of the Stock Exchange, that is, was severely depressed early in the week but recovered sharply on Thursto-day, after further improvement at the opening,
day
prices gave way under light selling pressure, but became
firm again at the close. Northern Securities, the feature
of the trading, was more active than it has been in
several weeks, total transactions amounting, it is estimated,
to about 26,000 shares. The initial sale on Saturday was
at 913.^, an advance of 13.^ p nnts over last Friday's closing,
;
from that figure the price rose steadily to OSJ^' pa the announcement of a decisioQ favorable to the company in the
suit brought by the state of Mmaesota.
Later on the same
day it reacted to 90 and continued to decline until Thursday, when, after touching 83^^, the stook developed strength
and moved up to 853^. To-day it advanced to 86% at the
opening, but later declined to 84^ aad closed at 853^.
Standard Oil broke from 6i5 to 580i^, but recovered to-day
to 595.
American Can common declined a point to
The preferred moved down
33^, but to-day reacted to 43^.
from 393^ to 35Jg, but to-day recovered to 38 and closed at
International .viercantile Marine common early in the
week advanced from 453 to 5"^, but on Thursday dropped to
4; the preferred moved up frjm 173^ to 19, and then back
again to-day to 17 J^. Hivana Tobicco common lost 3)^
points to 24, but on Thursday moved up again to 27^.
Greene Consolidated led the copper group in point of
activity.
From I9j^ on Saturday this stock moved down,
and on Wednesday touched 163^; on Thursday there was a
reaction to 17^, bat this was followed to-day by a drop to
16^; the last sale was at 17.
Outside quotations will be found on page 292.
2
. .
New York
Exchange— Stock
Stock
<»CCUPYIN(J
STOCKS— HIGH AST AND LOWEST SALE PRICES
Saturday
Aug
•SO
•58
1
S5
•oO
•58
6-3
61\
til's
S3
S3»«
45>«
yionday
Aug 3
46<^
Tvesday
Aug 4
•30
•58
35
61^
62 V«
88
8i>J.
>4
5938
87-8
S2»8 S3»^
86»4 86
4434 45 Sj
6-4
•170
•120
200
134
'a
16 "a 15 Hi
•85
89
71 74
•33
33
I40»i 141'4
•170
166
200
20»4
•171
173
166
173
SS>-j
S7\
SOas
85 <H,
86>«
42!>8
Hj
85
19%
-nu
65
00
62
140
162
Aug
S3
62
554 594
84'8 864
774 81
844 85
404 4334
133
132
120 41223;.
68
58
166 155 166
:iOH
27 4 29=8
2034
63
00
140
134 144
8!'
85
161
•28
57
85
71
714
28 4 29 4
135 137
19
204
614
623b
170 200
'110
13
140
488
•74
88
144
744
264 28
134413734
17041704 1654171
153
197
Hj
162
198
117
130
180
126
130
155
197
197
126"
126""
159't,
Record, Daily, Weekly and Yearly
TWO I'AGEf*
stocks;
Iridajf
6
12138
61
lo",
199*8 200
120
143
156
Hi
•170
110
74Hj 74Hj
30H» 3i>4
13778 140 Hi
417034 17034
•"126"" 136"
•120>4l30
•170 180
•10
11
5988
78%
14»8
1643^ 166
200
35
62
•57
57
86
85
H»
•64
170
110
64
64
•170 200
120 120
15 >8 15 H
*85
89
74H.
3134 32
llOHjI-llH?
So
62
61 's
I'liursdati
Aug
85
42
2034
213^.
•71
28
40i^
44 Hi
•135
145
'140 156
140
121 122 U 120
60
60
61
155
161 161
30=8 32
29
146
'UO 156
122 'g 12-J'8 '122>9l23
60 V] UOS
60 >a 60 Hi
le-J'-i lf.3>» •If.l
163
32 '4 32 H.
133 V 33\
21'.
Aug S
80 Hi 82 Hj
135
135
am
Wednesday
28
58
7
.
new yokk
stock
kxchangk
Sale&
the
o\
Haiuje lor Year 1903
or lOO-sliare lots
Hange
tor Previoui
Year (lyoj)
On basis
Week
Shares
Lowest
Highest
Lowest
Highest
Unilroiitls.
33
Ann Arbor.
33 May2:i
60 Jly Hi
55 4 Aug 6
62
Do pret.
57% 59 AtoU. Topeka & Santa Fe.
863, 374
Do pref
794 814 Baltimore Ohio
85% 8534
Do pref
42 4 13 4 Brooklyn Rapid Transit..
273,785
14,183 84% Aug
143,60b 774 Aug
7,204 8334 J 'ly 2."
38,383 104 Aug 6
132 110 Builalo Roch. & Pittsb'g.
100 124 Jan ,Do pref
145 Jan 1(1
118 122% ('<au»ilian Paoitlo
72'275 1174J'nelti
584 60
''auada Southern
515 68 Aug 6
'155
160 Central of Now J ersey
525 156 4 J 'ly 27
29
30 Chesapeake .fc Ohio
18,630 27 4 Aug I
20
20^8 Chicago <fc Alton
7,315 19 Aug 6
62 4 62 4
Do pref
3,125 61 4 Aug 6
'170 200 Chicago Barl & Qolnoy..
5170 J'ly2ii
'115
140 Chicago* East. 1H.. pref.
"ibo 105 J'ly2.")
144 15 4 Chicai,'o Ureat Western.. 16,5;13
Aug 6
88
Do 4 p. c. debentures
120 85 Aug 5
71 75 'b
Do 5 p. c. pref. "A"..
100 71 Maj-2t.
274 234
Do 4 p. c. pref. "B"..
2,400 264 Aug 6
13641384 ChloaRO Mil\r. & St. Paul 154,240 1344 Aug 6
170 170
Do IHOf
370 169 J')yl5
157 1593, Clilcago ifc Nortli Westorii
7,330 155 Aug (j
Do pret
1,050 197 Aug 5
Chic. Rock laid tfe PaciUc
117 J 'ly 20
118 126 Chic. St. P. Minn. & Om
100 117 J'lyli
170 180
Do pref
190 -Mayll
84 9 4 Chicago Terni'l Transfer
1,350
Aug 5
1334 194
Do prof
3,690 1734 Aug 6
3%- 4 Chicago Union Traction
eou
3 May23
t
<fi:
t:
. .
844
41
Jan 10
33
Feb
69
.Tan 21
63
Jan
89%,lau Ui
103 4JiUilO
104 Jan 9
9634 Feb 11
714Febl7
Feb 9
Feb 9
Feb 10
78 4 Jan 5
190 Jan 19
534 Jan 19
374 Jan
73 4 Jan 7
150
160
13334
May
77 4 May
96% Sep
4334
744 Jan
95 4 Jau 106 4 Sep
92% Dec ll84Sep
Dec
92
99
29 4 Dec
68 Nov
5184 Mar 1
4191 J'ne
1384 Jan 29 1364 Sop
29% Jan 9 22 Dec
90 '8 Jan 13 89 4 Nov
85 4 Jan 9 81 4 Dec
46 '8 Feb r< 33 Dec
4
f>
1834 Jan
1944 Jan 9
224 4 Jan 14
-'50
Jan 8
200 4 Jan 9
162 Jan 21
194 Jan 5
Sep
Nov 72% J'ly
no Apr 128 Aug
139 Apr 145 Sep
1124 Jau 1454 Sep
71 Dee 97 May
165 Nov 198 Jan
42% Dec 57 4 Sep
5434
6% J'ly
79
J-ly
4-205
Jan
151
J'ly
35 Aug
95 4 J'ne
904 J'ne
Aug
U!04Jau
5134
19834
Jau
20iJ34
186
Sep
Sep
2044 Jau 271 Apr
230 Jan 2744 Apr
Jan 206
152
140
Sep
Feb 170 4 Apr
191% Nov 210 Apr
94
94
84
9
19%Jau
9
15
Dec
24 % Aug
1»>4 20
18
1836
1734 19
36 Jan 8 29 Dec 44 Sep
•4
4
4
4 Hi
4
44 •334 4
174 Jan 12 1034 Jau 23 Apr
•33
34
Do pref
30 May22 503.1 Jan 14 1434 Mar 60 Apr
73
72
71
713j
69
7034
68
70
664 704 70
704
Cleve. Cm. Chic. & St. L.
6,112
Aug
664
6
Jan
99%
93 Nov 108% Aug
•105
100 115
100
105
100
105
Do pref...
1134J'ne 8 119 Jan 27 118 Jan 124 4 Sep
•ISi^ 14
134 ISV
124 13 4 114 123, 11
12
11%
124
ColorjMlo & So., vot. trusi
8,08u
10
J'ly24
31
Jan
4
10 14 4 Jau 3534 J'ly
510
453 Si 52 Hi
5iab •51
0I4 46
50
45
464 464 48
Do l8t pf. vot. tr. cfs
7,655 45 Aug 6 72 Jan 9 594 Jau 79 4 Aug
•21»4 22
22
•21
22
22
17
184
17
18^8
1734 194
Do
17
Aug
2d
pf. Tot. tr. ctfs
9,790
48
Jan
28 Jan 53% .Sep.
•163 165 •163 166
160 4163
155 4160
153 1574 155 158 Delaware & Hudson
6,200 1 53 Aug U 133 4 Feb
153 4 Nov 184 4 Jan
•340 219 240 250
'240 218
•235 215
235 215
elaw. Lack. & Wesl'u.
230
J'ly24
2764
Jan
231
Nov 297 Feb
•2334 25
24
2234 23
21
204 22
"Si" 224 22
224 Denver <$; Rio Grande
'2,190 20 4 Aug
43 Feb
35 4 Dec 5134 Aug
•77 >« 78!^ •78
7834
77
78
77
74
72
7308 •734 744
Do pref
2,774 72 Aug
90 4 Feb
86 4 Dec 9634 Aug
19
19
19
19
17
18 4
17
16
16
16
184 184 Des Moines eft Ft. Dodge. l,76u 164J'ly2; 474 Jan
J5 Dec 63% J'ly
»10
-9 Hi 10
lOHi
94 y3«
734
84 9
334
94
Detroit South, vot. tr. ctfs
734 Aug
8»B
1,640
Jaa
20%
13 Feb 25 Sep
•18
20
}20
20
174 18
164 17
15% 17
184
18 4
Do
pref. vot. tr. ctfs,
1,635 15% Aug
3934
Jan
26 Dec 484 Sep
•69
69 70
71
70
70
683* 68367
66
674
70 Detroit United
1,150 6434 J'uelU 90 Jan
75 J'ne 97 Sep
•9
•9
10
10
9
-6«9
9
7
7
•74
8
9
Dnluth So. Shore »fe Atl..
300
7
Aug 5 194 Feb 16 10 Jan 24 Aug
13 15 Hi •13 15 Hi •13 164 1^4 13
12% 12% •124 15
Do pref
675 12 J'ly24 2933 Feb 16 18% Jau 3534 Apr
28'8 29\
27
2808
26H» 29
234 274 234 25 4 24% 253, Urie
175,280 23% Aug 6 42»8Jan 9 28% Dec 44% Jau
66^4 ti7H
65>4 664
66% 6634
63 4 65 4
63
05
614 60% Hi Do 1st pref
3:!,'J40 U2 4.A.iirlo
74 Feb
60 4 Dec 7534 Jan
•48
49
50
50
474 18 4 454 4634 15
47
46
17
Do
11 J'ly24 64% Feb 5 414 Dec 6334 Jan
2d
pref
•62
56
52 Hi 5 2 Hi 50
55
45 50 Evansv. & Terre Haute.. 6,650
45
45
43
44
1,300 394J'ly27 72 4 Jan 8 50 Mar 74% Mar
70 82 79 82
80
80
734 784 784 82
*784 82
Do pref
200 784 Aug 5 91 Jan 8 82 May 10434 Feb
Ft. WortlicfeDen. Cstmp.
50 J'ly21 7434 Feb 24 30 Jan 674 Dec
'170 180
170 180 •170 180
170 170 •170 175 *165 175 Great Northern, pref
"ibo 170 Aug 5 209 Jan 22 181 4 Mar 203 Dec
77 Marl2 85 Jan
Green Bay<fc\V..<leb. ctt.A
70 Jan 90 May
U'a IIH2
12
12
12
12
114 114
Do
29 114.l'ly31 274Jan
deb. ctf. B
9 Jan 29 4 Oct
•60
72
71
72
71
75
684 70
6^
69 Hockiu? VaUoy
Aug
7
900 68
1064Feb20 60 Jan 106 Aug
•82
85
33
33
83 4 83 '4
82 4 33
•80
80
81
85
Do
pref
1,860 80 J'lySO 994 Mar 2 811, Jan 983^ Dec
I29S4 130
129 "a 130
12741294 126 4127 4 1264 129
1284130 IUinois Central
12,175 125 4J'lyl" 151 Jan 10 137 Jan 1734 Aug
•18
'18
19
•18
19
'17
19
17
17
15
18
owa Central
250 13 J'ly2
48 Jan 12 35 H Dec 5134 Aug
•34 Hi 35
31 35 •314 32 4 ne
34
34
314 324 33
33
Do pref.,
1,100 314 Aug 6 77% Jan 12 65 Nov 90% Apr
•25
•25
•20
•20
•23
35
40
31
31 Kanawlia<fi! Xicliigan..
iOO 27 Jly25 47 4 Jan 6 33 8 Jan 504 Aug
69
469
69
6834
694 68
66 "iii"
66
67
67
67
1,805 66 Aug 5 8234 Feb26 75 Dec 88 Aug
C.Pt.S.&M.,tr. cts. pfd
22'•21
21
214 19
1934
204 19
19 4 194
20
20 Kansas City So. vot. tr.
2,000 18 J'ly24 364 Jan 12 19 Jan 39 Aug
•38
10
364 364 36
•37Hj 40
36 4
35
36
364 35
Do pxef. vot. tr. ctfs.
1,200 35 Aug
6I4 Jau22 44 Jan 623, Apr
•20
-20
•20
30
30
30
26
264
264 264 •20
30 Keokuk <fe Des Moines...
800 26 Aug 6 40 Mario 13 Jau 41 Sep
•45
•46
•45
•45
56
'45
55
'45
55
55
55
55
Do pref
48 J'lyl5 §55 Apr 23 45 Jan 84 Apr
-25
•26
•25
30
•25
25 30
30
30
30
26
26 Lake Krie <ft Western...
"ibo 2534J'uelO 53 Jau 8 40 Dec 71 4 Jan
•95 100
•95 100
•94 100
94 100 •95 100
»95 100
94 J'ly24 118 Feb b 120 Oct 138 Feb
Do pref
L.
Shore
Mich.
334 4 Jan 6 334 4 Jan 5 325 Apr 340 Apr
&
South'n
"65"
•58'
65"
•ei'i^'es" "62' 62'
60
57
57
57
60
Long Island
300 57 Aug 5 83 Jan 7| 72 4 Nov 91%Maj
104 104 H> 104 10434 1014104
9934 101 4
99 10134 10141024 IjOUisviUo & Nashville... 29,925 99 Aug 6 130 4 Jan S 102 4 Jan 1594 Aug
132^4 133 '4 132 Hi 133
132 133
130 132 4 128% 131
13034 IS 13., Manhattan Klevated
25,304 128^8 -Vug
155 4 Jan 14 128 Mar 158 Not
80S8
80
80
79
81
S3
74
774 73
76
75
76
etrop. Socur., sub. rec.
4,100 704J'ly24 128 4 Jan 6 109 4 May 134 4 J'ly
119 119U 119 119'8 116 1194 113411534 111 114
1124115 Metropolitan Street
25,855 111 Aug
142^8 an 6 135 Oct 174
Feb
224Mayl9 38 Jau 8 35 Dec 43 Jan
Met. west Side El. (Ohic.)
88 Jan 20 88 Jau 20 89 Mar 9134 Mai
Do
pref
13S8 14'8
14
14^8
144 153*,
134 13^8
13
144
13% 14% Mexican Central
39,490 11 J'ly24 29 Mar
20% Dec 31 4 Mai
•115 135 115 135 115 135 115 135
110 135 •115 135 Michigan Central...
102 .May20 135 Jau 15 4150 Mai 192 .\pr
50
58 4 J 'ly 29 110 Jan 9 105 Jan 115 A pr
58 Minneapolis & St. Louis.
85
854
"854"85h]
Do pref
510 85 Aug
US Feb 27 1184Jan 12734 Apr
•61
53
504 51
504 504 43
50
46
50
42
49 Minn. S. P. & S. S. Marie.
6,994 42 Aug
794 Feb 16 364 J.in 84 Not
•123 126
125 4128
125 127
123 124
121 123
121 121
2,380 1094J'ne
Do pref
1324 Feb 17 90 Jan 139 Sep
19 '4 19 >a
19
19 4 19 4
19
16
1834
164 134
17
6,400 16 .\ug
184 Mo. Kansas & Texas
30 4 Jan 5 22 4 Dec 3534 Sep
3834 38^4 •39
40
384 39
36
384 3534 3s
37
384
Do pref
3,970 3534 Aug
63 4 Feb 1(, 51 Jan 6934 Sep
9734 9S3g
97
95"8 97
98
39
95
884 924
207.810 884 Aug
904 92 4 Missouri Pacillc
115% Feb 10 9634 Mar 125 4 Sep
•90 100
•90 100
90 100 90 100 •90 100 90 100 Nash. Chatt. & St. Louis
90 J'ly24 114 Feb 10 80 Jan 122 Apt
at. of Mex., vot tr. ctfs
174 Alar
2434Mtt5'13 cl4 Dec 2134 Sep
38^ 38H, 384 384 384 384 37
38
35
Do pref., vot. tr. ctfs 5,670 34 4 Mai- 2 47'8May2~ 3134 Dec 45% Mai
364 36
37
11958 12038 119 1197^ 11734 1194 11641184 11641204 11834 1304 N. Y. Central & Huilson.
64,435 112%J'ly 15 156 .ran 10 147 Nov 168% Jan
•22 Hi 21 H2 -22 4 25
22
22
214 22 4 21
24
22
224 N. Y. Chic, cfc St Liojis...
1,500 21 Aug 6 45 Jan
40 Nov 57% Aug
•100 112
•102 112
102
112
102 112
Do Istpref
105 J'lyl 118 Janlb 1 104 Nov 124 4 Jan
60 6S
63
63
60
60
•60
60
63
65
Do 2d pref
iiibo 60 J'ly 29 87 Jan 19 80 Nov 100 Aug
^196 195
197 197
1964 196'4 194 199 4196 190 •194 199 N. Y. N. Haven <fc Hartf
265 tl874May25 2254 Jan 9 209 4 Jan 355 Apr
223. 22 '8
227, 23
22
21
224 1934 21% 2034 21-% N. Y. Ontario <S- Western. 38,900 1934 Aug 6 354 Feb
22\,
254 Dec 37% Sep
62 »4 6234
62 4 6234
61
62% 59% 614 5334 61
604 61% Norfolk €& Western
20,120 58 J'nelO 764 FeblO 55 Jan 8O34 Oct
•86
85 90 85 90 85 90 85
90
•so
yo
89
Do .iitjufltment, pref.
86 J'ly 29 93 4 Feb 2 90 Feb 98 J'ly
•44
•44
43 48
4«
43
48
43
4334 4334 Pacific Coast Co
41
44
1,010 41 Aug 6 72 Jan lu
65 Dec 814Sep'
•80 100
•80
80 100 80 100. *80
•80 100
Do Istpref
80 JlySO 100 Feb 13 100 4 Jan 106 Mat
"60
53 60
•63
60
•52
52
60
60
56
53
53
Do 2d pref
"ibo 53 Aug 7 76 Jan 23 724 Dec 8434 Sep122-8 123'h 1214 123 -6 120 12134 1194121% 1214122% Pennsylvania
123Hil24
169,690 118 4-T'lyl5 157% Jan 10 147 Jan 170 Sep"
18 22
•18
22
184 184 154 18
18
13
18 Peoria* Eastern
600 15 J'ly 24 39 Jan 8 30 Nov 474 Apt
18
•
88
79
79
79
79 •
75 79 •75 79 4 Pere Marquett*
79
200 74 J'ly 27 914May 7 71 Feb 85 4 Sep:
75 80 •75 80
•76
80
Do pref
80 May 93 Scpf
63 14
63
63
61
60
60
a;574 59
584 384 59
59 Pittsl). Cin. Chic. * St L.
1,650 57 4 Aug 5 94 Jan 7 80 4 Jan 105 4 Sei^
-95
•95
•95
•95
98
•95
95 98
98
98
98
D3 pref
100 May21 115 Jan 17 113 Mar 128 M»l
98
48«8 49 ^
4«
4334
164 48 4 454 474 14% 474 474 49 Reading, vot'g tr. ctfs.. 178,931 41% J'nelO 69 4 Jan 2 524 Mar 784Sep(i
80 'a 81
81 »4
•794 80
80
80
7934 80
1st prof. vot. tr. ctfs...
JSO'e »0'6 80
900 7934 Aug 7 89% Feb 6 79% Mar 904 Sep-*
8734 673<
67
67
67
67
2d pref. vot'g tr. ctfs.
65 4 6534
65
60 Jan 80% Sep65
66
66
3,221 60 J'nelO 81 Jan
23 >« 24
23 4 2334
214 234 20
214 194 214 204 213, Rock Island Company
134,220 19 4 Aug 6 53% Jan 9 33 4 Dec 504 Deo
62
62
614 624 5934 61
59
Do pref
61
574 60
58
60
7,510 57 4 Aug 6 86 Jan 9 71 Nov 35 4No«
Rutland, pref
55 Apr 6 72 Jan 28 644 Dec 125 Apt
•9
•94 11
•94 104 •94 104
9
600
9 J'ne 9 154 Jan 2
10 Dec 244 Aug
9
11 St. Joseph &Gr'd Island.
9
436
37
37
35
36
Do Istpref
36
35
35
33
910 33 Aug 7 58 Jan 5 4934 Dec 81 4 Sep
33
17 19
•17
15
•14
19
15»8
Do 2d pref
15
16
800 15 May28 24% Jan 19 21 4 Nov 42 Sep
16
•170 180
•10
12
20 Je 20 Hs
170
•170
104
8
184 18
•4
4
165
180
t>
I
I
'
.
IJ
I-
t,
"I
7|
it
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
bank.t
NEW YORK Bid
America V ... 525
Amer Excli..
C'ential
Century T....
ChaAe
Chatham
...
t260
Colonialll ... 405
Coiunibiali .. 375
Commerce... 300 310
160
175
700
340
360
Bntch's* Dr 150
Ask
Bid
City
650
240
1000
Consolidate! 180
390
C'rnExchge' 340
165
East River.. 160
167
Equitable ... 90
750
370
Astor
Bowery*,
Ask
1
135
95
l!iO
*
Bid and
1
Sale at Stock Exchange or at auction thu week.
a.'iKe<l
pnce.s;
no
sale.s
were
Fourth
iiia;le
200
Gallatin
410
Gausevoortli 140
Garfteld
500
Germanial)
Greenwich
200
Fifth AvelJ.. 3700 1100
Fifth
375
Fir.^t
600
Fidelityli ....
Bid
German Amii 160
German Ex! 400
Feileralli
Chela eaKic*
Chemical
4000 4300
Ciliieus'
170
Banks
14th Street!!. 270
on
r,(iis
..
1|
170
Bid
Banks
Jeffersonf... 140
I^eather MLr. 300
Liberty
Lincoln
Maniiattaul;.
.Market & Ful
-Mechanics'
.Mech * Tra'
.
600
6300 310
170
ILmover
525
Imp & Trad. 625
Irving
220
llamiltoull
Ask
300
220
420
..
575
650
240
Mercantile
..
-Mercli Kxch
.Alercliauts'..
Metropnew'
Mt Mo^ri8^..
Ask
150
335
600 650
1 000 1050
325 340
240 255
250 270
150 160
250 260
1 65
175
170
400 500
220 240
Banks
Mutuall]
Bid
290
180
Ask
190
550
1500
220
290 300
19 th WardU. 150
North Amer.
225
Northern
150
170
OrientalH.... 240
250
PaciticH
200
Park (new).. 425
People'sll
280 300
Nassau"
New .A.m8ter
New York Co
N y Nat Ex.
New York...
Ex
Alk
Bid
Banks
I
Phenix
105
500
Plazall
Pro<l ExchU
170
Riverside1[ .. 275
>
Seaboard
625
J
.Second
650
Shoeifc Leth. 150
700
Statoli
34tli Street.. 210
J
I
600
190
675"
1176"
^
\
12
th
1
'.
3(1
WardU
1'20
215"
1130
Wardll.. 120
United
Varickll
96
210
New
stock.
dividoiid aud rights. *
1 d'C ri.;iin.
Stite ijj.a){.s. <x
diiy.
i Le.sstiiiii DJsaires.
trust receipts.
a triut Co. certiticate.s.
e [nclmles, prior Ui .Vtay 17, dij.iliiiijs in old .Mex.
1
Nat
.
AuausT
.
Stock Record— Concluded— Page 2
8, 1903.J
STOCKS— HJGHhSr AND LOWEST SALE PKJCES
Aug
Aug 3
Thursday
tVeanesdai)
Tueidav
Aug 4
J[/onr(oi/
1
Aug
Aug
iridaii
Aug 7
6"
7J
50
50
165
14
14
31
14
31
3i>>-.
SOS.
43S>
aO!^
4II4
4i^^
•Jl'4
20\
43
21
86
85
85
85
•25
"q
•lU
M»5
14
•23
23'4
•19
23
•94
113
-JO "a 23
29
29
•y4
•85
•
•40
ai\
86
18
42
22
37^
15V
ISV,
61
•29
73T8 75
85 >« 85'<
•13
IS
40
40'a
2mj 21 W
•35^4 37I4
"15
15
75>s
36<^
•48
•29
61
SO
17'8
If''*
•37 "a 39
224
•221
96
52
4136
33
33
•84
•i;5
llSo
•5
•3Vi
•16
30
•84
180
5
•23
6\
6'a
23
24
»=>8
•29'4
9^
lo>8
15»s
43
43 Hj
2>a
I5I4
42»4
91
90^8
>8
8
118
84
THj
6^4
15>4
89 «2 90
110
6'4
•35
45
65
35
•72
8
35»4
I5I8
281a
90
111*
1134
63
64
13>2
934
45
i6^
g-a
23»4
10
35
24
7mj
72>s
la
3
I4ia
16
14
5%
6
41%
9
691a
69
70
190
4518 47
94 10
34^4 35
23 -a 2379
71
32
597
343i,
101
9
5
391a
87
17
42 la
89 1«
90
90
7
66
186
•41
2634
76
78^2
150
10
76
38
35
•70
80
•8
11
34Vi 86
351a
9913
14
85
81% 81%
116V,
91
73 Vj
20
93
x38
40%
80
210
22
SSOSj
210V,
113
70
121
17
18
39
80
208
210
24
79
9% 11
59
60%
1234 13
65
65
29
31
2134
83
79
11
6II3 63
13
131a
62
64
30
31
39
80
39
35»a
3734
23
23
2%
35%
7
7%
7SI4
Sia
42% 41%
7
7534
7%
•13
81
81V,
118
1201a
14
93ia
39
220
IOV4
U
61
13
62
13
31
32
Gas
1
1
Electric
nteruational Paper
Do
21,270
3,667
6
J'ly 23
20% J'ly '24
5 J'ly 25
25 J'ly 25
15»8Aug 6
79% Aug
6
2 la Mario
15 J'ly 27
37% J'ly 24
Aug 9
Aug 5
87
90
S7%Aug
7
8%
44
20%
221.^
6814
70%
20% 21%
34
68
23
80
21
80
20
24I2
2334
lOO^
32
83
21%
68%
23%
85
20
86 V4 88 V,
20
20
834
90
Do
li
22
Power
Pump..
24 >.. Dec
55 '4 Mar
56 Dec
28 Dec
8934
90
37
f'l V,
Sep
Sep
413|,-\Ug
98% Apr
May 93 Xov
Dec
Jan
'•.;
Aug
39
SO
Dec
5434
11!
Xov
38%l''ebl('
Dee
Jan
37
Dec
17 Jan
49% Jan
28 Jan
29% Feb
55% Feb
19% J an
39%Jan
Fob 27
27
62
Fob 9
Mhv22
la
2-1
1'' (.lb
i'
6
4
^.'^
Sep
Feb
Sep
Oct
Sep
(>()
Nov
38% Sep
2134
54
i-j
;iOi4
Sep
Sep
Apr
42% Sop
31 Aug
57% Aug
66
<fc
Steel ...
pret
Do pref
Oloss-Shelfield St.
170
175
6
5
6
53
28I4
J'ly /240
Oct
Nov 79 Feb
Apr 37% Oct
933h Oct
851,1 Jail
lii;b2(i
30% Jan 57 Apr
Feb 1
86 Fob 99 Apr
41% Jan 2 32% Jan 42% May
235 Feb 5 210 J.UI 265 Aug
29% Jan 7 27 Dec 62i4Aug
1 334 Oct
834 Dec
11% Jan 2
34 Dec 43% Sep
37% Jan
1134 Jau 2
9% J'ly 31% Jau
42% Jau 30 32 J'ly (>7 Jau
193, Jan 6
14 Dec 28 Apr
48% Jau
39 % Dec 58 Mar
31% Feb 17 23 la Dec 36% Apr
9534 Fob 17
89 Jan 100% Apr
7 % -May
5
Jan
5% Feb 2 6
24% Jan 10 21 Jan 29 Sep
52% Feb 17 37 Xov 4938 May
991a Feb 16 87% Xov 100%J'ne
401... Jan 135
126 Mar 4
Oct
98% Jan 20 85 Jau 101 Oct
134% Jau 8 113 Nov 135% Mar
122 Febl3 115 Jan 122 Aug
'1
98
1-2
Apr
17%Jan
Apr 80% Sep
I6O34 Jan
12
73
80
210
7%
41
1
86
Dec
Feb
Dec 146
Jan 253
Aug
Dec
14% Apr
J'ue
53
Sep
Aug 110% Apr
{130 Jau a40 Mar
141s Jau 24% Oct
205 Dec 23034 Apr
7334
Dec 1261a J'ue
Dec 38% Mar
7938 Dec 90 Mar
27 Dec ;^3 Dec
114
2634
0170% Oct 334
16% Doc
70
49
40
82
2338
Apr
Mar
Dec 77% Jan
Dec 199 Apr
Dec 57% Mar
Dec 95 Oct
Oct 19 Apr
Nov 53% Mar
J'ue24
13
MaylS
9
Aug
5
9
47% Feb 17
40
6
90
Feb 25
2238 Feb 18
80
90% Oct
80% Feb 18
Jan
17% Feb
2434 Sep
8338 Sep
2538 Apr
& Iron
]')ref
610
OSUJ'ue
400
Aug
9% Aug
59 Aug
6,600
5,y45
4,450
1,250
2,700
100
310
10,660
100
230
pref
United States Express...
United States Leather
Do pref
pref
1 1;^ ells,
Fargo
&
Co
6
6
J'ly 25
J'ly 20
30
J'ly 2 4
J'ly 24
134 J'ly 8
35% Aug 6
23 Aug 5
4 la J'ly 25
72
12
60
26
79
68
43
'
200
100
> » est'n Union Tele'gph
West' gh'se El tfc M f g assen
Do Istpret
79
7
Do
215
81% 82%
Aug
Aug
n98
46V,
200 34% Aug 6 46% May 8
200 73% J'ly 16 89% Jan 12
pref
Rubber Goods Mfg
Do
•160
•160
J'ly
80% J'ly
60
3234
5 5 '4
49 12034 JMy 14 169 Fell 18
8 J']y-28 14% Feb 25
300
300 68% J'ly 2> 80 Jan 31
4,890 64 J'ly 24 125% Feb 25
300 186 Aug 6 225 Jan 21
6i4J'Iyl4 15%Jau29
100
600 42 Aug 5 55 Jan 6
3,100 40 J'ly 27 82V2Jau 6
100 J'ly 22 122 Jan H
'i^OSO 11% Aug 6 22% Feb lb
35,523 170% Aug 6 222 Jan 7
6,025 9434 Aug 6 119 Jau 2
8,033 2-2% Aug 6 35 Mar23
1,875 75 Aug 5 85% Jau 19
3,373 20 J'ly 24 3434 Jan 6
9,487 150 Aug 6 204 Feb 16
9 J'ly 28 19%Jan 6
3,385
350 60% J'ly 27 74% Feb 6
400 37 Aug G 73 Jan 19
3,834
Vulcan Detinning
2434
{210
90
106%.Mayll 10134 Dec 109% Apr
>ra,tinnat T.pari
1,350 11% J'ly 2 7 29% Feb 5 15% Jan 32 Sep
80
95 Feb 10 78%Jan 96 Oct
Do pref
342
14 J'ly 24
Xew York Air Brake
4,061 113 Aug 6 177 Jan 2 148 Mar 196 Apr
Xorth American Co., new 10,310 70 J'ly 25 124% Jau 7 88 Jau 134 Sep
pacific Mail
4,100 17 Aug b 4234 Jan 7 37 Xov 4939 Mar
IT eop. Gas-L.& C. (Chic.) 22,715 89% Aug 6 10838 ieblO
98% Jan 109% Sep
6534 Jan 26 39 Jan 63 la Oct
Pressed Steel Car
4,290 38 Aug
Do pref
1,100 80 J'ly 24 95 Feb 20 8234 Feb 96 la Oct
Pullman Company
1,210 196 J'ly 15 23534 Jau 14 215 Jau 250 Apr
pailway Steel Spring... 4,100 2134 Aug 6 37 Feb 9 24 Apr 381a Sep
76% 76%
81% 82%
7^5 116
'230
7 la
10,715
79
4.274
U S Realty&Construction 14,085
9
Do pref
45%
21,835
334 United States Rubber
2,005
Do pref
33 >4
2,310
22 '4 United Stat«s Steel
283,325
Do
701*
pref
137,730
2734 Virginia-Carolina Chem.
52,017
Do pref
92
2,700
22 Virginia Iron Coal & Coke
939
77%
26%
Iiref
Bepublic Iron
95" i'js"
70
pref
21a Standard Kope & Twine..
renn. Coal, Iron & RR...
38
30 Texas Pacific Land Trust
1 Tnion Bag & Paper
vJ Do pref
68
U. S. Cast 1. Pipe & Foun.
2%
9
165
11.600
6,550
6
5
33%
36%
42% 45
160
Aug
Aug
9
23V,
7034
160
165
J'ly 29
3
34
25
S%
210
6
350
100
'crnion
6
J'ly27
14
Vfational Biscuit
i^ Do pref
21
69
25
165
Relin'g.
Distillers Securit's Corp.
Do
7I4
6
710
Manhattan Beach
{3334
170
21
63%
73
7
2,700
2,360
12
34-'4
8318
25i4Aug
80
34
82
160
35% Aug
•8
9.%
8 J la 8312
165
45i8Jly27
3434
34 >*•
241a
J'lv24
Internat'l Steam
Do pref
9
2434
12
International
34
14
6
6
37
10»«
834
Do
76
68
77
8
17% Aug
V, Aug
29
200 25i4Aug 6
530 175 Aug 6
pref
IJrooklyn
22% -234
80% 80% tVDo
"98i4"9S>i *95" ibo"
64% Jail
J'ly27
300 {204 Jan 3(1 235 Feb 11
3534 J Uy 24 75%JIarl2
30 J'ly24 413-1 Jan 111
1,801 81 '4 Aug 6 93
Jiiii
500
400
155% General
91
39
68
7=8
pref
&
195
{78% 80
21a
3734
:i
14,188
2,810
130% Amer. Teleph. & Telog...
10 American Woolen
83
2V,
9
9
Feb
96% Mar
43% Fob 1(1
85%J'ly
25
40
210
36% Jan
Aug
910
Do prof
.\mer. Smelt'g
Do pref
American Snutl
Do pref
Do
71% 73%
18% 19^4
7434
89% 93%
24%
80 »a
SSg 10
44% 46
160
165
Do
99%102
991a 991a
13
13
7
-Mario
Jau
Dee
Dec
1
lll%J'ly21 12S%jHn 2 122
20 J'nelO ;!7''HJanl2 32
38
34%
70
35 14
175
180
.\menoan Malting
10% 10%
63% 64%
34I2
7
Jan
96
J'ly24
800
5
117
21
37
Jnii
ti6
li>'4
'a
15
pref
American Locomotive...
95
76
153
15313
11
30
's
24
pref
"6% 634 Orunsw. Dock<fe C.Irap't
Co
"43*" 44" Butterick
( Colorado Fuel & Iron...
44
63% 63%
10
{2I4
Do
Do
71
Do pref
68% 69% Anaconcfa Copper
189 la •185
20% 20%
•
1
ivi" ii3% -American Sugar Refining 54,733 110
69
C
731
5,400
3,400
..
preJ
90 Vv Do pref
"i'lii'ii" {12% 13% Col. & Hock. Coal & Iron.
170%174ia 173% 175 Consolidated Gas (N. Y.).
9434 99
98 100% Continental Tobacco, pref
24% 24% Corn Products
221a 24
102
1
79
85
82
American Linseed
17
95
117
•123
*8
Aug
12
21'-jAug 6
30 V Aug 6
Vj
1
3,225
Oil
9
29
18
82
41% 4234
89% 89%
40% 44
90
22
155
11
66
45
37
80
Foundry
-Vmerican Ice
24
•15
?9
71^4
5%
2%
63,
421s
De
15
17%
?;55»4
SS'a 84
196
9
<fc
.American Express
American Grass Twine
Amer Hide & Leather
4
80^4
69% 70
68%
la
•i85"215" *i85"2V5" •i95'"215" •195
"166
11314
1171a
77
65
9UiaKeb'24
ss
l''eb"o
78 l''t>b24
J'iy27 170 J'lyl:.
35
American Dist.Teiograpli
87% 87%
110
43
83
Amoncan Car
Do pref
30
185
8
5%
22%
61a
22
21a
Express
i (tains
•3
15
15
J'lvl;!
Aug 6
2,042
8,260
24,640
5,103
1,100
32
82
5
5534
7.!
InauHtrial &, ifliscell
28% 2S% American Cotton
90
Do pref
3ia
56
11
Highest
Lowest
4,520
4034 -Vinalframatoil Copper... 117,402
{29
15
10
79^2
9^8
178
8
l,5'.i5
31
82
9
112% in>
81a
25%
Jlighest
.TIy25
1,120
38%
•84
•24
•176
Kange lor J^eviout
year(im-J)
ll?%Aug 6 :'.l%Jiill 9 181-jJau :vA\\
J'ly25 4 S J an s 35 Jan 493.,
8734 J'no 2 122 '4 Jail 2H 107
Jan 129 Aug
15;>
J'no 2 159 Jau 12 1561, Auv 1591a l<'eb
272,075 68% Aug
104% .ran 9 93 % Dee 1131.1 Aug
3,000 84 J'ly27 95 '4 I«Vh 1
863^ Mar 95 Aug
100 13 J'liclO 22% Jan 1;! ''0 Dec *'4% Oct
\\7abiisli
'8
221
36
1534 17
791a 81
30
17
28
7%
}22
9
89
90
90
SO
99" "99"
734
514
40V4
8734
13
.„_......„.
82
175
5
81
"a
13'a
*98>ii05"'
25I4
6
37
221
40
32
81 14 82
251* 28
*8 1
90
82
2'a
16Vi
221
37
30
31%
566
7>2
26
4
115
71
17
217»2218
25
25 H,
83
83
37
451a
241a
151a
351a
38=8
991a
85
127
76
19*8 20 "a
9314 94 Sj
44
43
25
45 14
221
•8
34
65
63
31 "a 32 -a
30
14%
8
35
35
70
SO
10
36
81
ISi,,
5
34
100
24
75
21
151
10
{66
•81
125
72
SO^B
15V,
47»a
121a 14
171I4 17814
99'alOO'a
{14
19
31% 33 14 'V Do pret
13% 15 wneoimffA Lake Erie...
46
47
Do Istpref
24
25
Do 2(1 pret
16% 163< Wlscoiisiu Cont. V. tr. cfs.
36
37%
Do pref. vot. tr. otf.s.
374
•
38^1
65^4
•
105
215
84
173
176
11
67
13^8
9
•185
84
•168
•167
634
45
100
14
14
178% 183
104 104
26 Hj 28
78
78^2
22
23 »2
157^.160
11
19V,
321.2
36
69-'8
4313
33
807»a
S3
•98
•6
•42
44
171a
171a
190
•6
42
42
12(1
29 '4
Loioest
Aug 5
Aug 5
JuilO
22,750 20VjAug 6
53,110
6,742
865
&
201^
117iall7ia
122 132
200
1308
"2'^""3""
3334 40
3
190
& PaoUic
.\veuuo (N.
1.430
Y.)...
1 Iniil
34 V,
28
89
87^8 97
•117'allSia
•130>al32'a
•9
912
10
•68
73
72
69^8 70 >4
74
Pexiis
11
Li;j;ht
Toloilo Kailwiiys
Tol. SU L. ifc W. V. tr. ctfs
Do prof. vot. tr. ctfs.
Vvrxw City Uapld Transit.
20
17
16
'15
la
23
115
22
20
28
91 "a
3,9(HI
ti.05U
ctfs...
tr.
A"an.(/e for i'ear 1UU3
'hi basis 01 lUD-share lots
500 150
tlo
iiref.
0. -stock
41
85
40
90
65
33
81"%
9^8
5
I5I4
4234
41
44
81
35
2'a
90'6
200
42
13-8 13^8
65I4 66
32 Sj 33
•98
•
Do
it
3,915
2it
Do oref
72
fniouPacirto
1
yJ
85 %
Do prof
17
U nit llyslnv'toISau Fran
41
Do prof
84
22
*8ia 10
'•30
36
15% 16 V,
7934 81
1738
lis
•67
•70
•192
8
39
30
10
72
82 's
42='4
im
"a
1634
81
2H:
15'4
44>8 44I8
45
•
100
il4"*"l5"
ISS* 16
186 lii7^ ]86>al86>2
{105141051^1
105
H.
MOO'S
28 "a 28 "a
29
29
79 '8 80
178^8 78'6
>3
23 4 23 "a
28 Vj 23
160^4 162
162 162
111*
41 Ha 11 Hi
63 67
67
•64
35 45
•42
43
35
-36
37
72 77
80
80
•8
•8
11
12
37
sesj
J37
S6>4
100'4l00ia
*100>«101
1434 1434
•iSSi 15
•81
86
«81
85
127
127 V,
127
127
14
77
78 -a
79
77
• 20
20
20
21
95 -i
94«8 951*
96
• 44
44*4 44>a
45
«S2>a 82 H2 80>a 823*
216 216'a
211 215
26
26
•26
26
83
83
•80
•SO
11'4 ll^^i •III3 12
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EXCHAXGE
St.
• lis
•60
•50
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STOCKS
XEW
"
Balurday
H
.
Feb 16
84%Febl7
80% May
15
J'ly
J'ly
15
55
Jau 7
Jan 19
Jan 8
Feb 20
Feb 25
98% Aug 5 I50I4 Feb 4
634 J'ly 25 15 '4 Feb 11
7534 Aug 6 9634Mayl2
28% Jan
6
5
Jan
73
2
2
J'ly 27
]9%FeblO
30% J'ly 27
2038 Aug 5
68 Aug 6
21 Aug 5
80 Aug 4
20 Aug 5
Feb 10
39% Feb 5
7
23
J'ly 22
70% J'ly
58
8934
Jan
7
la
J'ly30|224
Feb 6
Jau 14
Jan 7
Jan 7'
74% Mar
Sep
83
951a Sep
83„ Apr
4 Jan
49 % Dec 74^8 Apr
35 Jau .44% Feb
11 la Nov 18% Apr
72 Jau 85 Apr
10%.May 17 Oct
42 May 59 Sep
97 Jan 160 Aug
10 la Dec 15% Sep
79% Jan 91% Sep
Nov 32 Oct
64% Nov 75% Oct
14 Jan 19% Oct
49% Dec 64 Mar
20
2934
79
Dec
Dec
4634
9734
66% Feb 19 54 Dec
128% Feb IS 120 Dec
39% Feb 25
3334 Jan 9
29% Xov
SI Jan 19 78% Oct
17
00 {191 J'ly 14 249
3,689 81% Aug 6 93
1,300 160 J'ly 30 221
400 165
J'ly
97% Feb 18
6% Feb 11
68%Mar21
7934
7% Aug
42% Aug
63
29iaJan
4034
9
68
Feb 25
Mayl4
7
Apr
15% Jan
Jan
Jan
76% Apr
134% Sep
33% Nov
81% Dec
{185 Jan {255 Aug
8434 J'ly 97% Aug
169% Jan 233 Sep
180 Jau 234 A»r
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
Wash.H'ht«T 200
Weal Side"... 560
Weuleru new 225
TorkvUle* .. 375
BROOKLT.N
Atlantic H... 105
Boroughli
125
Broadwavl .. 300
Banks
Ailc\
Bid
Ask
BUOOKLrX
Manulactrs'. 350
1
Mechanics^
225
Merchants'.. 115
Nassau
360
Xat City
305
Xortli Side^; 215
People's*!!
215
360
.
Trust Cos.
Bid
N. T. CITY
Bankers' Tr. 325
Ask
BroadwayTi-. 150
152
17th WardTl. 140
525
C'lR'tyB^fcTr
Central Tr'st 2066 2300
City Trust... .^..* 350
3o5
Colonial
Sprague
Continental
315
220
Ask
Farm Lo&Tr 1400 1450
ilb
Bowl'gGreeu t218
1
Trust Co's Bid
Exchange Tr
FUth Ave Tr 575
Guaranty Tr 700
Guardian Tr
Knick 'rb'k'r 890
Lincoln Tr... 360
McV'ck'rRty 210
Manhattan.. 500
600
735
170
HOO
250
Trust Co's Bid Ask Trust Co's
Windsor
Mut.AUiance 240 260
X Y LiteifeTr
X Y Sec & Tr
1150
1300
North Amer 290
Real Est Tr't 390
StaudardTr't 325
Tr Co of Am. 265
1200
1350
295
410
350
275
40
TrCo of Rpbc 35
Union Trust 1400 1425
Bid
Ask
t248
BROOKLYN
Brooklyn Tr 430
190
Flalbu.sh
360
Franklin
310
Harailtoa
410
Kings Co
LIslL&Tr.
450
200
375
435
305
Nassau
250
Mercantile .. 1000 1100 USMtg&Tr 450
(i25
360 380
Eastern Tr.. tl68 tl72 Merchants'.. 225 240
Unit States I.-.50 1580 People's
Metropolitan
Empire State 160 170
VanX'denTr 225 240 Williamsb'g. 260 275
610
rirat
MortouTrust
Equitable Tr 700 725
1025 Washington 400
• Bid and asked price-s; no sales on this
fix rights, ft J. P. .Mor^ an & Co. certificates.
day. { Less thaa 100 sh.ire-s1 Sale at Stock Exchaui ?e or at auction this weekEx stock dividen
s Trust Co. certittdte-s.
B-iuks m.irkB.i with a paragraph (H) are State banke
iJrookivul
..
135
Cou'yT&BB" 140
8tii Ward',, ..
80
380
210%
Stuyv'tHtsI, 175
Uuion^
150
Wailaboafj 140
.
.
-.i
—
4
New York
Stock
Exchange— Bond
OCCrPYlNU
BO M>!>
STOCK KXCHANGE
Wefk kntunc) ArorsT 7
N. Y.
lyeek-s
or
"3-«
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loo's 107
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131 135
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1004
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Alabama cUlss A 4 to 5
1901'
moo
Class 1153
Class C 48
lS.»Oi;
Currency (uuiUuk 4s
192u
lifJ4
Dlsl o( CoUuuliia 3-o5s
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Siua U
Missouri luutliuK
18U4'19'.)5
North Caruluiu cousol
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120
Small
ices
tnarks
Apr '03
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104 Xov'O'
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120 .Mar'OI
94 J'ly '03
94 '4 Mav'03
98 '2 Oct '02
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J.J
Vlr^-iina fuuil debt L>.3»... 1991 J-J
Keiiis t e reil
J-J
tiaUelerreil Browu Bros ctfs.
7'6j'ne'03
Knilruad
Hee So Uy
Sav Fla & \\
AlUtuy ik, Susii i,ee Ueliic ilud
AUeglieuy Valley Hee i'eun K K
AUeg it West See Bull H & P
Alabama
laba
Ceul
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tiee
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Ann Arbor 1st s 4s
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1995 A-0
1995 A-O
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Kegislereil
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Atl Knox it Xor 1st i; 5s. .1941 .1 D
Atlantic Coast 1st ^ 4s./( 195°.' JI S
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Atlaulic <t Vadk Hee South Hi
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alt <fc Oliiov«riorlg3SiS.19J5 J-J
90 >2 Sale
98 's Sale
88
94
5
98'%
99 Hi 221
97^4 J'ly '03
3b
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88
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85=8 84
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K & P gen g
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mill "89'
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103 Apr'OS
88 ''s
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115
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Ist gu g 13
South Ist 5s
I.
1927 J-D
1906 J-J
1913 M-S
2d 58
191:;
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Carb & Sha-vm See 111 Cent
CarolinaCeut >Si'f«Seab<& Roan
Carthage & Ad See X Y C & H
MS
1
10034 105
Apr'OS
120>2Mar'0o
118 Jan '02
120
10234
10234
102
105 100
103 >8
106
106
104iaMar'03
Ced li la E & X See B C R & X
Cen Brancli V Plst g4a...l94^ J-D
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92 1^
See Balti & Ohio
RR <t B of Ga col g 58 1937 M-N
Cent ol Ua RR 1st g 58..pl945 E-A
92
122
I20I2 1201-2
10234
105
"fl
105'4l<l8'8
104>2l04'2
94I4
92
J'ne'03
Central Oluo
C«D
Registered
301945 E-A
Consol gold 5a
1945 .\I-N 1 02 's Sale
Registered
1945 l.\I-N
Istpref lucomegas
pl945 Oct
68 ia Sale
pl945 Oct
2d pref income g 58
24
26
Oct
Income
pl945
3d pref
g os
19
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.104
1947 J-J
Mid Oa<fe Atl Divoa
194ii J-J
MobUe Dlv Ist g 3s
Cent of X J gen'l gold 58.1987 J-J '126»4....
Registered
A19h7
1261*....
109 ....
Am Dock as Imp gu 3s. .1921
IO4I2IO7I2
122'-2 12212
104ViJ'ly'03
122 >2 Jan '03
104
lOSHiSep'Ol
70'-j
68 >a
25 h.
24
102^8
19
6
681a
28
24
18
J'ly '03
92 Aug'02
108i4Sep'02
102 J'ne'99
103 J'ly '03
127
127
127
127
Ist
08. .1934 J-J
con 5s. 1916, 1941 J-J
Bklyn Un El Ist g 4-5a.l950
Kings Co El Ist g 4s.. ..1949
1951
Nassau Elec gu g 4s
City <fe S Hy Bait Ist g 58.1922
Conn Ityifc Llstife relg4ia8'51
Den Con Tr Co Ist g 08...1933
Den Tram Co con g 68. .1910
Met Ry Co Ist gu g68..1911
Del '.It StIty 1st con g 58.1905
Gr P.-ijiirls Hy 1st g5.s...al916
lAiviA Hy Co 1st con g58..1930
MavketStC Ry Ist g 6a. .191.1
2way
<fc
gen
7th A
*No price
.102
col tr g 5a. 1997
v Ist c g 58 1943
Friday; latest
pnce
M-N
FA
10734 109
98 Sale
97 14 Sale
F-A
85
JJ
J-D
J-J
90
A-O
98
97
85
03 103
126'8l34
127 133>a
1081411312
1
107
102
•2
Jan
'99
Apr '03
109 14 110
98
97
85
1
28
J'ly '03
85^2 Jan '03
1021-2
104 14
89 1-2
851a
85'-2
X'ov'Ol
109
Mar'98
J-D
J-J
J.J
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lll>3
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this week,
lll>v
11334 11334 J'ly'03
....
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101
MS
iV'i
98
97iaJ'ue'03
93
104
98
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81
80
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71
7
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J-J
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101 J'ly'03
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1013gl04'fl
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100
124 "a J'ly '03
108 J'ly'03
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106
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109
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107
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125
115
J-J
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170
10'
J'ly -03
10434
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107-'^
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120
170 178
111
111
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116'aApr'03
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1 09 14 J'ly '03
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116
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1061a J'ly '03
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116
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115 May'OH
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114 115
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1141a 11934
1
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117
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101
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91
89
90
99
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Feb '02
'6
Is
May'03
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114ial25
133»8l33i8
U4i4Sep'02
127'8J'ue'0o
127 127'a
120 1.2 J'ly '03
1204127
9934
101
:55 9934 108
107 Jan '03
107 107
1003? J'ly '02
9978J'i'e'02
991-2 J'ly '02
MN
Sale
Sale
993b J'ne'02
95
25
821a
7812 302
721a
88 14 J an '03
J-J
J-J
J-J
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71
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9/
93
9434
7734 285
May'O;:
Jan '03
Jan '03
103 la J'ly '03
821a 95
721a 89
88 14 88 14
711a 8934
9838
97
921a 93
9434 9434
105 13 108 la
L <t
Pitts .See Penn Co
CliicStPM it O con 68...1930 J-D 130
Minn lstg6a 1918 M-N
P
&
Ch St
Xor Wisconsin Ist 6s. ..1930 J-J i22
St P<fc SCily Istg 6s. ..1919 A-O
Chicago Ter Trans g 4s. ..1947 J-J
132
,
121
75
1
Third Ave BK con gu 4s 2000
Third Ave Ry Ist g 5s.. 1937
89
in^
117
94 14 Sale
*112
*
11334 II714
d Due Apr
«
Due
.May
Sep '02
124
73
J'ly'03
I3II4I37
123i4l26''8
73
711a
.^lil El Ry & L 30- JT g 58.1926
.Minn St Ry 1st cou g 58. .1919
l.-it g 58.1937
St Jo Ry Lt
.St Paul City Cab con g 5s. 1937
Union El (Chic) Ist g 5s. .1945
(•ns anil Electric Light
Atlanta G L Co Istg 58. ..1947
Bklyu U Gas 1st con ;; 58.1945
r;DueJne A Due
J'ly
/i;
9014 J'ly'03
117 >a J'ly '03
116 J'ly'03
94
94>a
117 '4 J'ly '03
86
90
961a
]17>al21
116 12II4
15
76
*80
Sale
109i4Apr'0:i
1091a Dec "99
75 "a
76
8438J'no'03
99 Dec '97
931a
9834
II714I22
99 >a Mar'03
106 Oct '99
110 J'ne'02
.MetWSEl(Cliic)lstg43.1938
W
mial20
1371.x
Railway
Rv—<'C'0)i>Ref g 4s2002
Coi<fc9thATlstgug 58.1993
lyex Av & P F St gu g 5s 1993
.Met St
United RRs San Fr 8 148.1927
United Ry« St I< 1st g 4s. 1934
ChicSt40-yr cons g 5s. 1930
7
13018 136=8
132 J'ly '03
131i4M»y'03
PnifP.
H&P
99'„ Oct '02
95 J'ne'OO
103
J-J
J-J
J-J
1
Low HigK
100 la 104
100 1021a
lOOi-^
Debenture 53
BOND.S—Continued on Next
J-J
J-J
J-J
MS
5s...l87<J-1929 -A-O
MUw&
l\0
10 "-J 110 "a J'ly 'O^
111 J'ly '03
11534 115
115
11134 121
J'ue'OI
102i4Sale 101>-i 1023^
103 Apr'Ol
112 May'03
QE
1879-1929
1909
1909
Registered
1921
Debenture 53
Registered
1921
1933
SiukLng fund deb 5s
1933
Registered
DesMo&Minn 1st 7s.. 1907
Matlison Ist 6s. .1905
1910
X^orth Illinois 1st 5s
Ott C F & St Paul 1st 5s 1909
St
Pet
2d
.1907
Winona <fe
7s.
MU L S <fe West 1st g 6s 1921
Ext & Imp sfund g 53 1929
Ashland Div Ist g 63. .1925
1924
Mich Div lstg6s
Convertible deb 5s
1907
1911
Incomes
Chic Rock Isl & Pac 6s.. .1917
Registered
1917
1988
General gold 48
1988
Registered
Coll trust Scries C 4s ...1905
1910
H48
1915
M4s
1916
X 48
1918
P48
Chic R I & Pac Rli 48.. 2002
Reiflsteied
2002
1913
CoU trust gold 53
1 905
Des
<fc Ft D Ist 4a.
l3t2ias
1905
Extension 48
1905
Since
January
<fc
103
98
99
loo's
100
Salt
10912
M-N
M-N
M-S
.\
High
Range
llOi-)
106
Chic St
10834 J'ly '03
102
110
110
lOOi-jSale
113
.Street
1945 A-O
BkQCo& S con gug 53.1941
^•t St Ry
80
39 'b
27
.\-o
Ask Low
101
A-O
79-1
Sinking fund 6s... 1879-1929
1879-1929 A-O
Registered
UniUvay
Brooklyn Rap Tr g 5a
Atl Av Bklyu imp g
Bk City
Registered
General gold 3ias
Weelc's
Jianye or
Last Sale
ma
1915
1886-1920 FA
1886-1920 F-A
1987 M-N
M
87 102 Hz 109
.>ll!!iCEI.L,ANEOt!!i
?itreel
Wi8<fe MinnDivg53....1921
MilifcX'o IstM L 6s.. ..1910
1913
Ist consol 6s
Chic& X^orthw cons73
90i4J'ly'02
114'4J'ue'02
JJ
Canada
95
86 ^
Sale
SB's Sale
FA
Consol Ist g 03
192J J-O
Buffalo <fc Southwest See Erie
Boil <t Susq 1st ref g 4s.tJl951
M & St
W
Extension 48
West Istg 48 gu..l99'^ A-O
Isl gu g as
194;j J-J
<& Pitta Ist
92 J-i
Jan '03
100'<8
Registered
General gold 41-38
134»4l36'->
Registered
136 137
Ciaig Valley 1st g 5s. ...1940
R<fc A Div ist con g 4s.. 198'.
103 1033^:
1989
2d cousol g 4s
Warm Spr Val 1st gSs.. 1941
Greenbrier Ry Istgugls '40
Chic <fc AU RR ref g 3s. ..1949
ne do liar.
1949
Registeretl
90'a 98=s
Sailway Ist lien 3 "as... 1950
$oU>£.
1950
0/
Registereil
Chic B & y— Ch it laD 38 1905
1922
Denver Div 4s
1949
Illinois Div 31-jS
1949
Registered
Iowa Div sink fund 58..191i
121 121
1919
Sinking fiiud 4s
106 106
Xebniska Exteusiou 4s. 1927
192
Registered
1921
Southwestern Div 4s
Joint bonds See Great Xortli
1913
Debenture 5s
Han it St Jos consol 6s.. 1911
97
94
C1UC& E 111 1st a r cur 6s. 1907
94 »4 94 14
1934
Ist consol g 69
1937
General cousol 1st 5s
1937
Registered
7'8 12
Chic & Ind C Ry Ist 5s. 1931.
Chicago <fc Erie See Erie
Chic I nit Louisv ret 6s... 1947
1947
Refunding gold 5s
Louisv X AitChlat6s.l91U
Chic. Mil it sr Paul con 7s 1905
1914
Terminal gold 58
General g4s series A..el989
Registered
el 989
93>i3 96 >4
General g 3 i-iS series B.el9S'.
98^8 102 Tg
el 989
Registered
9734 102'm
Chic& 1. Su Div g5s... .1921
86 "2 9234
Chic it Mo Riv Div 5s... 1926
75
75
1910
Chic it Pac Div 6s
923,
84
1921
Chic it P
l8tg5s
191H
Dak it Gt SogSs
1924
Ear it Sou assu g 6s
95
92
1910
Hast & D Div lst7s
1910
1st 5s
1908
I& D Exten Ist 78
Lacrosse <fe D 1st 58. ...1919
1910
Mineral PouitDiv5s
1910
So .Minn Div Ist 6s
911a 95 >4
94 1^
94
1909
SouthwestDiv lst63
See Erie
it
dc -Mah
Boch
i-x
101 "4 Sale
E
South w Div l3t g3Si8...1925 J-J
Mouou Uiv
91^4
Sale
19ii5
1st cousol g 5s
"-J
Dec '02
106 Apr '03
109'aEeb'99
1919 A-0
t>8
109 IIII4
1 09 '4 112
10438 Sep '02
109'.jOct '00
102'uMar'O-.
Ill
Mar'U-.
121 M:ix'03
4s. 1910 J.J
lyoo J.J
So Caroliua 4 i-js •JO-40
Tenu uew &elUemeut 3S..1913 J-J
iofisiilS'-j
103»4 J'ne'03
>(nir
alOll
1939
1939
1992
1992
Gold 6s
111 J'lj-'03
109S; 109'-;
134'4 J'ly-0:i
137Si.Mar'03
98
J-J
J-J
JJ
J.J
KA
JUy '01
95 >a Feb "02
These are i>rice f oil <A« Chi
95
S oX Mexico 8 I K 38 ol IS^M Q-J
XJ
"-J
107H;J-lyO3
107 J"ue02
107'4M»>1'3
94
Central ol
Price
f'ridati
August 7
(ContimuU)
Le it Hud R geu gu g 5s 1920 J-J
106 106's
Leh ifc WUks B Coal 58. .1912 M-N
106 107
Con e\t siiar 4i2S....(/19Ui Q-M
X Y it Loiig Br gen g 4a 1941 M-S
Cent Pacilio See So Pacilic Co
107 lOS'.^ Charles A Sav 1st g 78
1936 J-J
107 »« 109
Ches & Ohio g 6s ser A../tl90!S .\-0
lOG'g 10l?\
106*4 J'ly "03
103=>4
STOCK K.VCHANGE
Wkek E.\Dix(i Arc.fsT 7
1
Low High
Jiiyh
107^4
BO.M>S
January
U. S. tioveniiiieat
W S 2s cousol reiristerei1.iilV)3i>
PAGE-
X. Y.
Since
Last Sale
Weekly and Yearly
Record, Friday,
I-'OUK
Jta nge
Kan lie
Fridav
1
991a 1021a
109 14 113
44
751a 80 14
85 Tg
84
D
II214II7
N 112 113 113
113
Due Aug p Due Xor ijDue Deo sOption sale
9
J
August
8,
1
BONUS
Price
STOCK EXCHANGE
Wkek Eniji.no August 7
August
West Mich Uy53..1if21
Choouktfe G son g 58 ...olitli'
Cln H Jb D cousol 3 f 73...1'.U);">
1!>.S7
2dKoUl 4Sj3
CinDtfel l3t SHK0S...1'."U
CiUcifc
SAC
n
D
J-J
\6i'
A-O
......
J.J
M-N
\ivi%'.'.'.'.'.'.
Uli-j Dec -or....
113 Oct '00
....
W&M
95
MN
100
.M.S
ibo"
M-N
M-N
*
96
J'ly*03
ii!f
JMy'03
103
102
95
Oct '02
J-ly'03
103
98
J'ne'03
*110
1141. J'ue'03
1914 J-D 122 Jo 126 Hi 120 J'ly'03
I consolTs
1914 J-D
Consolsink tinul7s
131 J'ue'03
General consol gold Cs. 19;U J-J
JJ
Kejiislered
19H4
Inil Bl it
1st i>rer 4s. 1910 A-0
Ist pt 5s...til9o
Q-J
Peoit Knst 1st con 4s. ..1940 A-O
Income 4s
1990 .^pr
CI Lor <fc Wli con 1st jt os. 1933 A O
Marietta Hee Peuu Kit
Clev
W
&
Sale
94
J'ly'03
55
114
Deo "02
I'itis
112
55
J'ne'02
128
70
86
70
J'ly'03
84
85
W
alias
Del Lack
A
CM
See
Western
M K
cfc
1'
113'4
7s. ..1907 .\I-S
Momstb
Essex Ist7s...l914
letcousol guar 78
1915
Registered
1915
LiOOO
1st ref gu g iiKis
N V Lack it
IslCs-.-iyJl
Construction 5s
191^3
TeFin & iiiH)rove48
1923
Syr ISiugit N Y 1st 78. .1900
Warn II 1st ret gug3'-28.2000
Del<t lUul 1st Pa Uiv 7s. 1917
Keirisiered
1917
Albife Sus l8tcongu78.1900
Registered
1900
Guar goUltis
1900
Registered
1900
Rens* Saratoga 1st 7s. 1921
129^'8
13o='4 Sale
M-N
J-D
,
AG
FA
MS
J 'no
105 34
•
1361-i J-iy
149 .Aug'
i46>8
109 J'ly
122 J'ue'
105 14 J'ne'
.
'.
lU'-'s
Feb
14334
Nov
147
I2
97 Hj
107
61
Sale
1951
1952 A-O
Registered
1952 A-O
70
80 'i
Oifc Tex gold 4s.... 1953 M N
13 84
9412
Registered
1953 M-N
195li J-D
Cairo Bridge gold 4s
Louisville liiv gold 3 Has. 1953 J-J
1953 JJ
Registered
Midilio Divregos
1921 F-A
St Louis Div gold 3s
1951 J-J
Registered
1951 J-J
113 117
Gold 3128.'
1951 J-J
I29I4I331.
Registered
1951 J-J
13012134'-.
Spring Div Ist g 3128. ..1951 JJ
Western Lines Ist g 4s.. 1951 FA
Registered
1951 KA
127-"^131'2
Bellevife Car 1st Os
1923 J-D
115 115
Shaw
1st
4s...
1932
Carb<fe
g
102 103
Chic St Life K O g 5s... 1951 J D
Registered
1951 J l;
l(;'J3^1l:{.
Gold 31-23
1951 J I)
102 102
Registered
1371
1951 J D
136
Memph Div 1st g4s...l951 J D
Registered
1951 J D
IOS'211114
St L Sou 1st gug 4s
1931
IO5I4IO5I4 Ind Bl & West See C C C <fc St L
Ind Dec&
1st g 5s
1935 J-J
1st guar gold 5s
1935 J-J
Ind IU& la Istg 4s
1950 J-J
9734
9714
06=8 May'03
M:ay'03
60
9934
10414107
105 108
61
CO
A-O
J-1)
M-S
MS
J-J
J-J
J-J
J-J
76
84
78
83
110
Y<fe Erie 1st 7s. .1910
S
*
11 4^8.
113'2
112i«
9314IOOI2
93 lo
91
85
84
92
89
10818114
Jan '03
8934 May'03
110
110
84
108
113
100
132
130
90
81
J'ne'03
11138115
115
115
II212II5
114
May'03
114 114
1131411314
112 112
11314 May'03
112 Miiy'03
112
135
Sale
Sale
Sale
W gold 6s
.
W
104
81
103
Apr '03
lOOHjlOS
109-ij
Miiy'03
J'ly'03
109
107
112»4
S5
103
....103
104 Hi Sale
104
100
108
104 14
.
103
8S
89
95
103
lOCU
104% 32 104
1094
100
10534
J'ly'03
J'uo'03
944
11214 May'03
11214 113«a
lloH^Mar'OO
102 .Muy'03
94 Mar'03
10134 102
104
102
J'ly'03
103
J'ly'03
Oct
94
94
102 14 104
'01
«4
i
01
12
103 Hi
UlligMay'O
lOOHi 106 Hi
9214 96
lOCHi.Mar'O
92 14 J'ly '03
123
May'99
87 'e Muy'02
97 J'ue'03
10118 Oct
97
97
'
Nov'OO
107-'8 May'03
100
110
10738 111
124 May'Ol
90 Nov'98
125 "8 Jan '03
120i4Nov'02
1251b 12519
104-isApr'02
100 's Jan
ibe'isioeia
'03
ioi" Mar'02
103%
102
GreatNorlstg6s..l919 M-N 120
,....1909 M-S
1921 M-S
Iowa Central 1st gold as. .1938 J-D 108
Refunding g4s
1951 M-S
2d gold 5s....
3d gold 4s
KR See Erie
A & G R .See L S M
Kal
an & :tlicli See Tol
OC
K C Ft S & M ,See St L & S F
KC&MR<feBlstgug5s.l929
Kan C & Pacilio See M K T
10934
110»q
107 Hi Mar'03
107 12 Dec'02
98 Hi J'ly '03
.
.
107 Hi 107
9 s 1-2
119'4J'ly'03
.
.
95
95
74 14 Feb '03
108
108
Sal
92'- 92 J'ne'0»
95
73 Hi
10
119
95
70
108
91
V
Hj
102
123 !«
100
75
lloHa
93Hj
h^
117 Dec'02
101 •'o J'ne'03
134 J'ly'03
130
130
90 12
96
97 May'03
8O34
87
8212
91
10178 10178
182 "2 139
130 135
9.^34
44
11
125i2J'ne'03
9934
98
97
SOI2 88
94I4
87
I25I2I3018
A-O
<fc
Kan
Kentucky Cent <S'ee L & N
Keok & Des Mo See G R I & P
KnoxvUle & Ohio -See So Ry
Lake Erie& Wlstg5s..l937 J-J
2d gold as
1941
North Ohio 1st gug 5s.. 1945
L Sho & Mich S .See N Y Cent
Lehigh Val (Pa) coU g 53.1997
Registered 53
1997
Leh Val N Y 1st gu g4 123.1940
194(i
Registered
Leh VTer Ry Ist gu g 5s. 1941
Registered
194
Leh V Coal Co Isl gug 5s. 1933
Registered
193
Leh&N Y 1st gnarg4s.. 1945
Registered
194
1st gist pi Cs. 1914
Gold guar 5s
1914
EIC&N
& Hud R See Cent of N J
& Wilkesb .See Cent of N J
Leroy & Caney Val See Mo P
J-J
106
130
134
UOI8II210
109
106>2May'03
108 May'03
106
108
107
10712I12
"2
J'ly '03
J'ne'03
J'ne'03
J'ne'02
109
117H2J'iio'03
10934 109 J'ly '03
M-N
M-N
111
1031^.
J-J
J-J
114
9734 103
loe-'s
117
122-2
103
106
100 12
100
"-^
.\-o
113 18.
109H2J'ne'0-;
liaSsJ'ue'O:
J-J
J-J
104
109H2Oct '99
108H2Sep'O2
AG
.M-S
.M-S
'
66
71^
117H2120
109 113''8
ill
H4Hj
96"
A-O
A-O
95
J'ne'03
100
Mar'03
118
Jan
lOCHilOSHi
113H2114
93 Hj 97
100
100
114
193;s
J-D
100
MS
1922
1932 J-D
1949 M-S
1934 J-D
Mont 1st gCs.. 1911
&
MS
Istos
1911 MS
N Y B & M B Isl con g 5s 193:) AG
N Y<& R B 1st g5s
1927 M-S
Nor Sli B 1st con g gu5s ol93J Q-J
Louisv & Nashv gen g0s.l93u J-D
Bklyn
1937
Unified gold 4s
1940
Registered
1940
CoU trust gold as
1931
CeciUan Branch 7s
1907
E (fe Nash Istg Os
1919
4
LCinifc Lex gold I2S... 1931
O <fc
1st gold 6s
1930
O <fe
2d gold 6s
1930
H
May'02
N
N
'03
118
118
/tl931 Q-J
Gold 5s
120
J'iie'03
76
110HjFeb'02
.107
Unified gold 4s
Debenture gold as
IIOI2 J'ne'03
111 12 J'ly 'OS
10138 May'03
115
1-2
Oct '98
109
121
104
112
Ist consol gold 4s
General gold 4s
Ferry gold4i2S
Gold 4s
Aiig'02
13412 J'ly '03
11334 Dec'02
118i2Apr'0-.i
11478
66
Oct '00
Leh
Leh
10 11712 I2II2
118
06
03
Sale
A-O
Long Dock See Erie
Long Island Istcon g5s./tl931 Q-J
II712
66
City Sou Ist gold 38.. 1950 A-O
Registered
1950 A-O
M
M
99
M-N
M-S
J-D
M-N
100 IO214
100 H2 102
99^8 J'ly 'Oo
9778 100HJ
HI
Jan
'02
111
105 14 Mar'03
112 Mar'O
112 H2 Jan '02
112 '2 Apr '02
106
106
100
107
116
M-N
J-J
J-J
100 J'ly'o::
100 12 J'ue'03
100 Oct '00
lloH? J'ly'03
114H2118
111 112
112 J'no'03
983. 120
97H2IOIHS
97 H2
112
'
IO514IO5I4
983< Sale
100
Jan
106
Dec '00
'02
112I4 J'ly'03
114H!Mav'03
IO8I4 Jan '03
120 .May'03
1-2458 Apr'02
II214
J-J
J-J
110
11318
niH2ll4Hj
10814 108 14
125
129
iUlSCELLAXEOL'S B()NU!s—Continued on Next Page.
Gas and Electric higlit
Mut Fuel Gas Co See Peop Gas
79
74
74 J'ne'03
l<iglit
BuOaloOas
1st gas
1947 A-O
See P G & C Co
Colombns Gas Ist g 58
1932 J-J
Con Gas Co see P G & C Co
Detroit City Gas g5s
1923 J-J
Det Gaa Co con Ist g 5s. 1918 FA
Ed El III Bkn See K Co E L& P
Ed E 111 ibe« N Y G & E L H <fc p
Eq G LN Y Ist con g 5s..l93'J M-S
Eq G <fe Fuel See P G <fc C Co
Ga8i& Elec Berg Co eg 53.1949 J-D
Gr Rap G L Co Isl g as. ..191;': FA
nudson f o Gas 1st g 5s.. 194 M-N
Kings Co El L& P gas.. .1937 A-O
Purcha.se money Os
1997 AG
Ed El IlHkn istcong48l93S J-J
Lac Gas Lot St L I8ig5s.el91! Q-F
Milwaukee Gas L Isf 4s..19j7 M-N
UllH
J'ne'03
Jetlerson
80
Feb'Ol
\\i\ 115
FA 87 Sale
J-L
1908 J-J
Small
1908 J-J
Clue <fe Erie 1st gold 5s.. 1982 M-N *117l2.
Jeft RR 1st gu g 5s
al909 A-O 1021a.
Long Dock consol g 6s.. 1935 lA-O 129^4
Coal it UR lslcurguOs.1922 !M-N
Dockife Imp l8t ciir 0S..1913 J-J
N Y & Green L gn g 5s. 1940 M-N Ill
MulRKoIJN' J 1st gOs. 1910 A-O
N Y Sua <fe 1st ref 5s. 1937 J-J
.113
2d gold 4'i28
1937 FA
General gold 5s
1940 PA
Tenninal 1st gold as. ..1943 M-N 111
Regis $5,000 each. ..1943 M-N
Wilkit Ea 1st gug OS. 1042 J-D 104
Erie & Pitu See Penn Co
Evans & T H Ist cons Os.1921 J-J 115 119
l8t general gold 5s
1942 A-O
104
Mt Veniou 1st gold 6s.. 1923 A-O 106
Snli Co Kranch Isi g 5s. 19301 A-O
EVit Ind Islcou gni g 0s..l926 J-J 107
L'argo it So See'Ch M <fc St P
X lint (fe Pere M See Pere Marl
ButlK
Burt
.Mai'OS
'2
SS '4
89 H< 408
91 J'ly '03
SSHiSale
MS
W
J'ne'
Low Bigh
'•J
107
LN
lOQi^J'ly'OS
91 J'ly'03
J-J
J-J
M
4s
<fe
A-O
A-O
MS
MS
MS
Registered
golil
A'o
<fe
MS
M-N
102
102
J-J
1951 J-J
1951 J-J
1951
Registered
108
111
M
M-N
J J
Lnt<fc
98
See Cli &
Isl g 5s. .1917 M-N
Del -M <fc Tol See L S it
So
Det <fe Mack 1st lien g 4s. 1995 J-D
Gold 49
1995 J-D
Det Sou 1st g 4s
1951 J-D
Ohio Sou Div 1st g 4s. ..1941
Dal<& Iron Range Istas.. 1937
Registered
1937
2d 68
1910
Dtll So Shore <fe At! g 5a. .1937
1?astoI Minn .SeeStPM&M
liast Ten Va <fc Ga See So Ry
Elgin Jol & East Ist g 58.1941
Kim Con <fc N o See Leh & >i Y
Erie Ist ext gold 4s
1947
2d ext gold 58
1919
3dextgold4'-2S
1923
4th ext gold 53
1920
6th ext gold 4s
1928
Ist consol gold 7s
1920
Ist cousol g fuud 7s
1920
Erie 1st Con g 4s prior.. 1990
Registered
1990
Ist consol gen lien g 48. .1990
Registered
1990
Penn coll tr g 48
1951
105
104
81
I'.lol
1st gold 3I2S
Trust
Hiuh]
Sep 00
lOii'.jFeb'O-J
Sj
AG
Registered
NW
Des M
7(
Cb G L .& C Co
"No price
Feb
102
136S2.
102
*
J
MS
102 V, May
102
no's....
Consol gold 4^28
1930 J-J
ItuproTeiueut gold 58...192e: J-D
Kio Or So an See Rio Gr So
Den <t S West gen s 1 g 5s 1929 J-D
Des Moi <fc Kl I) S^e C R <fc 1 P
Electric
Oct "9^
12818 IQ-'^e J'ly
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115 J'ne'
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1303)
i30«4
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.MS
A-O
A-O
A-O
A-O
M-N
Keiristered
1921 M-N
Del Riv UK Rridge Aee Pa RR
It Gr 1st con g 43-1930 J-J
Denv
Jfc
114
130
140
W
it Minn
DesMoi Un Ry
100
82
Coll
Co
100
See So Pac Cn
Ist gold 3s sterling
1947 J-J
Colorado tb Sou 1st g4a...l929 FA
Coluni & Greenv St^ So Ry
Col Jb Hock Val See Hock Vai
Col Coun lb Term see N <&
Coun& Pas liivs 1st g 4s.l94:s A-O
Jb St P
Dak it (It So See
& Waco
J
Houst & Tex Cen See So Pac Co
93
61
193S Q-J
See Penn
Col Midlaiiil 1st K 4s
Clev
94
113»4
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A
JJ
Illinois Central 1st g4s..l951 J-J
93
65
&
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S
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W
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Har
Since
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J-D
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1
.
CCC*
al
Kanye or
Last' Sale
J-J
W
Dec '02
Mtty'03
104
'
7
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Ga it Ala Ry lat con as..ol94." J-J
Ga Car & No 1st gu g 5s..l92;i J-J
95 103
Georgia Pacitic See So Ry
Gila V G it Nor See So Pac Co
(^ouv ifc Oswegat See N Y Cent
98 100
lOOTgloSis Grand Rap it Ind See Penn UK
Gray's Pt Term See St L S
Gt Nor— C Hifcycoll lr4s 1921 J J
"95" "^S:^
1921 Q-J
Registered. A
Greenbrier Ky See dies it O
iboi.i iiii"
(iulf & S I 1st refit t g 5s M952 J-J
an & St Jo SeeCli&i4
1 14 14 1 4 14
ousatonio SeeH Y N H .t H
120 IL".
Hock Val l8toou80lg4'-2S.1999 J J
1999 J-J
Registered
131 13338
Col & H V Istexlg4s..l948
Tex See So Pac
Houst E *
lom Oct "02
i'06'
J-J
Q-F
90
97'
Div 1st i: 43. !'-»!• 1 J-J
Dlv l.it coltrg4s..l;>'.Ul
WW
miiii-r
W
W
Hang*
WeelCt
Friiiay
.^ iifiunt
Bid
Fla Cen <ft Pen Ist g as. 1918
lid as.. 1930
ist land gr ext gold
1943
Consol goUl 5s
Fort St U D Co 1st g4'-js.l941
g68....1921
1st
Den
C
Ft
it
& Rio Gr 1st g 3 4a.l92.s
Ft
/
BRA
St L
lS»i'il
Registered
Spr <fe Col I>lv 1st g 4s.. 1940
Val Div lstg48...1iU0
C I St L ifc C cousol Gs..iyj(l
fcl930
l8tgol»14s
fcl'.UJli
KeKistered
ClB S A CI con 1 8t g 5s . 1 i>'.\S
1
High No IMW Hiqh
llli4]'ue'03
Prica
STOCK EXCHANGE
5i
WKKK KNDlNd .V.UfiU.sT 7
N. T.
Since
ooi!
2a*| Jaduari/
li;>-<Jly'03 .... 1114 1103s
109 Api'02....
109 Mai'Oy .... io?" ii)!)'
JD
Cln
or
Last Sale
/
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i«« C C C & St 1,
6>« C C C St L.
Cin
V
Cleartleia & Mali See
Cleveiauil Cin Chic <fc St Louis
I'-'y^*
General i; 4»
H'S',> J-J
Cairo UJv 1st golil 4s
L& C
St
fie
II
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Bid.
Chic & West Ina sen g Cs ?1 93'i
BONl>!<
Weeieft
Ha
Prill a \i
N. Y.
CI
287
Bond Record— Continued— Page 2
1903.
Newark Cons Gas con g 5s 1948 J-D
NYGELH<fcPg
95
Sale
95
105
95
93Hj
J'ne'OS
114
117
IO512....
61 H2 Oct '01
10734 Dec'OO
105
105
..
'.'.'.'.'.'.
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i'ik'
io3'
118
93i4Mav'03
104H2 104
95 J'ly '02
i-i
J-D
NY&QElL&l'l.slcong5.sl930l F-A
Paterson & P G & E g 53.1949 M-S
PeoGas& C Isl gug 6s. .1904 •M-N
2d guar gold Cs
1904 J-D
Isl con gold 6s
1943 A-O
Refunding gold 5s
1947 M-S
Dec'02
118
Friday; latest bid and asked this week.
105
as.. .1948
Purchase money g 4s. ..1949 FA
Ed El 111 Ist couv g as..l910 M-S
Isl consol gold 5s
1995 J-J
99
105
10 105
103 14
87 '4. 90 14
106 J'ly'o;;
119 Apr '03
103 J'ue'03
117
118 l-'5
93 14 9b H2
IO41SIO8H2 Syracuse Lighting l.st g as. '51 J-D
rentou G <fc El 1st g 5s..l949i M-b
100
J'ly '03
117'-2J'iie'03
120
10514
Apr (>:!
100
105
103
105
J'ly'03
J'ne'03
J'ne'03
109
Feb '01
Feb '03
119
10712
loi"
i6:V^js
100
116
105
100
10218
125Hs
107 Hi
109
105
108Hj
102
104
103 14
106
100
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aDueJan SDueFeb dDueApr eDueMay
104
119
102
;ioiHjJ'iy'03
99Hi
100
117
ChGL&Ckelstgugas 1937 J-J ibo" i'05"
Con G Coof Chlstgugas.'30 JD 101
Eq G & F Ch 1st gu g Cs. 1905 J-J 100 '2
Mu Fuel Gas 1st gu g 5s. 1947 M-N 101
105
IO2H2II2
8 7 '4 97 14
107
10234 IO2H2
8734Salo
I0414.
/iDue.riy icVne .vug
1
i
Due Oct ^DueDec sOptiOAsal*
—
4
—
S
9
288
Bond Eecord— Continued— Page
fYida V
August 7
,
^Vf•
C
I
*
MS
Hef
Coill
Low
Migli
Ao Low
BO-\ !>.««
1
JJk'/i
97 k- 100
107 4 107>-..
S4
92
118 1143,
110=8 113
110
LS
West Shore
El bee Man Ky
cousol gold 48.. 1911
l8t cousol income g ;{s.al9:{9
SU eousol inooiue g 38..al9;i9
Equip & coll gold 5a
1917
2«l series gold 6s
1919
J-J
Gold 3S;s
J-I)
Registered
J-D
Det Mon & Tol Ist7s.l900 PA
KaA<fcG Rl8tguo5s.l938 J-J
Mahon C'l RR 1st 5s. .1934 J-J
Pitts M c K * Y 1 St su Os 1 932 J-J
2d guar Os
1934 J-J
McKees* BV 1st g6s 1918 J-J
Mich Cent Ist consor08.1909 M-S
111
10S>«Sale
Sale
100 14
10378Dec'02
100
104>2
lOSie
108
IIIS3
100
108»8
J-D
5s
Registered
J-J
Jly
A-O
A-O
tr g4>-29 Ist .Ser.... 191)7
FA
luiernat Ist cou s 4s. 1977
Staini>«d giiaranteecl
1977
Mex North Ist gold lis
1910
Mich Cent Hee N Y Cent
If id ol X J See Erie
L b & \V ii4e Chic &
-Mad See Clue &
M-S
OoU
Mex
70
73
17'«Sale
11 Sale
70
10
16
17>2 227
Oi)
11
93
92 "a
9384
Sale
48
71
15>a
65
80
12 "a 28 -.ji
18'",
8
37
92 Ha 97
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105
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Ill
Feb '03
123>aApr'03
121
Jan '02
110^4 lHr'4
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ct
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1.
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Ex
AO
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1934 il-N
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M
M
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gu 1 93() J-J
gu 1920 J-J
St L gu See B
& IM St 5s sU>d 4s iut
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gold 43
{(1990
let est gold 58
1944 .\1-N
St L Div Ist ref g48....2001 A-O
Dal & Wa Ist gug 58. ..1940 .y-N
g
48.. .1990 .M-S
M K&TofTl8tgug58.1942 J-D
SherSh& So 1st gu g 58. 1943 FA
Telio
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112
97^4 Sale
113
1231a 23 >2
1
J'ly'03
98 '2
9734
112'al20»g
11
97»4 1033^
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Apr '01
103
J-J
9*1
Ist
118
<fe
Miun L u See St P Al &M
M« Kan & Tex l8t g 4S...1990 J-D
KaaC&Pac
110»4
98
96
Sale
76\t Sale
95
82
100
95>2
96
75
96»4
75
78 S2
lOO^eJ'ne'OS
86 Oct '02
106 Sep '02
90 May'03
99
99
100
85
1*.
00^8 104 >2
1
87 12 90
97 105 "2
16
105>2J'ly'02
Neosho Ist 78.. .1903 J-D
E let gu g68
1942 A-0 109
<fe
Mo K &
Miaeouri Pacitic 3d 78
1900
Ist consol gold6H
1920
Trust gold 58 stamped. ol917
Begistered
ol917
l«tCoU gold 58
1920
0«Bt Br Ry Ist gu g 48.1919
Leroy&C VALl8tg58 1920
Pae K of Mo Ist ex g 4s. 1938
2d extended gold 5s. ..1938
St L. If
Sgen cou g 581931
0«u cou stamp gtdg 58 1931
Uniiied& ref gold 4s. .1929
Verdi V 1 &
Ist g 68.1920
H«b<& Bimj prior lieu g 68 1945
Mortgage gold 48
1945
Mob Jack & K C Ist g 5S.1940
Mob & Utuo new gold 08..1927
let extension gold 08..hl927
0«oeral gold 48
1938
MoDtgoni Div Ist g 5s. .1947
8t L <& Cairo coU g 4a..«193U
Guaranteed g48
1931
<& U coll 4a See Southern
-M-N
109
109
108
.\I-N
•118
.\I-S
107 >2 111
107>2lll»2
118 122
10234 10738
107>-iJ'ly'03
118
-118
104»4 104
104
Sale
90
J-J
96
F-A
101%
HO**
J-J
MA
102
02
lOS^i
92 J'ly'03
100
*w May'Ol
Au».; \/A
103>aJ'ly'03
11
112
Apr'03
IWe
A-0 llONiSale llOHj
A-0 '111
HI
W
J-J
85
J-J
J-J
J-D
111
J-D
122
MS
Sale
91
Q-J
.
FA
111
85'* 238
Hi
M
84
93
93
Moot cent See St P M <& M
Jiorgan'sLa&T See S P Co
Jiorris & Essex See Del L & W
XJash Chat& St L, Ist 78.1913 J-J
J.1 l8t consul gold 58
1928 A-0
Jasper Branch Ist g 68.. 1923 J-J
117
111
Hash
12194 124 J'ne'03
112'2 J'ly'03
L&K
Shef
&««
Natof Mex prior lien 4>28.1926 J-J
1st consol 4s
1951 A-O
<&
Kew H & D SeeliY K
N J J uuc RR
New &
See
Cin Bdge
KO&X
N
Y'
6'?«
H&H
122»4 124
112
J'ly'02
Dec'99
FA
FA
199>.
Registered
199«
199»
74 Hi Sale
Registered
193(;
td gu gold 58
1930
J
J
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Beech CrExt Istg 3'-j-s M'JiJ
Ad l8t gu g 4s... 1981
O
D
Oartife
Olearf Bit Coal Ist gf 4s. 1 940
Wash Cent Ist g48
1948
Nor Pac Ter Co 1st g 68. .1933
Nor Ry Cal iSee So Pac
Nor Wis «e« St P M A O
98
105
114
J'ly '03
J an '03
Feb '02
105
105
124
139
Jan
Jan
'03
'03
124
139
124
139
112 Mav'03
12312 Mar'03
127 J'ne'O'.'
110 Dec '01
112
98
.
.
128
123
117
.
.
.
U2i8.
.
1 00 12
11218
123H2l25Hi
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115^8 May'OO
116
11818
iV9"i.JDec"'"02
117
J'ly'03
1221*
117
1133j Jau'O'
lOOia....
l07'VFcb'03
IO214 102
102 i-j
10738 107Hj
14 101 105
102 103*4
May '03
103
123=8
13134 Apr'03
102"'
101
.'.'..v.
i "00 14
105
100
100k 100
12334
May'03
May-03
10334 105
20
301
104
114 Feb '03
133i2Apr'03
'.'.'.'.".Yii" 128
Apr'03
132M Jan'03
"97 i« Sale" 9634
97 12 30
Hi Jan '02
"89""90" 100
8834
8834 20
103
107 Hz J'ly '01
99
97
97
99^8 Sale
99^8 Sale
7034 Sale
9934
99^8
7018
00
1
131^
ids'" ide'ii
May03
101
166
99^8
71 Hi
10
5?
70 Hi Mar'03
99 1031a
100=8101
114
133
128
132
96
nsu
133 Hi
128
13214
101 7»
87 Hj 94
97
101
99=8 104
99 '8 103=8
70 ig 73 ''s
7OI4 72 14
101
J'ne'03
101
101
125
132
Apr'03
125
127
J'Jy'99
10934
ll'Ji4 J'ly '0.3
II2I4II2I4
111
110 Oct '02
90 Hi Mar'03
94 Ha Feb '02
111
111
110
II6H1
114
114H>
Ist g 5s. 1936 J-D
General gold 5s
1937 A-O
Ore A Cal See So Pac Co
Ore RR A Nav See Un Pae
Ore Short Line See Un Pac
99
74 »i
99
75
95 ^2 Sale
95
9612
98
W
See Mo Pac
Ist s fund g4i2S.. 1917
98^8
10
30
A-O
103 12
Sink fund subsidy g0s..l910 M-N
79^8 Pennsylvania Company
Guar 1st g 412S
1921 J-J 106
98
73
89 >2 Sale
89
,108
99 Dec '02
100'8Apr'O3
99»2Nov'02
90
89
87 Hz J'ly'03
86 14
89
91
Jan '03
lOS
100
MBy'03
95
Moh
<fc Mai Isl gug4»..1991 M-S
102 "a.
1992lsep
Income 58
87
8OI4
80 14 92^8
91
91
IO7I4IO8
J'ne'98
Apr '02
Nov'OO
Apr'03
J'ly'03
7334 262
J'ne'02
112 112
99 'e 105
76 H. 9634
.
99
77
J'ly'03
Jiie'03
J'ly'03
A
N A C Bdge gen gu g 4 128 1 945
PCCAStLgu4i28A...1940
B guar
C guar
D 4.sguar
E 312 guar
1942
1942
1945
1949
g
A C 1st 78... 1912
Pitts Ft
2d7s
1912
3d 7s
/a912
Penn RR Ist real est g4s.l923
Consol sterling gOs
1905
Convertible g 3128
1912
Con currency Os reg...jl905
Consol gold 58
1919
Series
Series
Series
Series
W
Feb'OO
10234 J'ly'03
101
76
Jan '00|
75
76
32
and asked this we«k.
a
Due Jan
b
10284
81
Due Feb
Feb '03
121
Oct '00
102
Nov'OO
97
96
95
96 la
12214128
-M-N
F-A
J-J
J-J
J-J
AO
A-O
MN
IIOI4 J'ne'03
11038 .T'ne'Oil
M-N
FA
92 12
J-J
J-J
A-0
M-N 100
llOHtFeb'Ol
100 14 Nov'02
96 Jan '03
127=8 Oct '02
128 Jan'03
130 Apr '01
104 Apr'03
I10i4ll4>i
11018112
96
96
128
128
104
104
J-J
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Q-M
M-S
95
Sale
937,8
95 Hi 303
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IIOI2.
nnd Telephone
trDueJ'ne A Due
96 Hi Apr '03
J-J
Q-J
96Hj 100 Hi Apr '02
f.i
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96>m
M-N
112
lOOHiOct '00
109 Oct '99
114 Nov'02
M-N
105'ij....
105 14 J'ly'03
105i4l08'«
J-J
105
106HiJ'ly'03
M-N 101
M-N
103 10234 J'ly'03
107 Hi 107 Hi J'ne'03
106 110
102 105
107 H2 109
J-J
MS
Mity
J'ly'03
10734 110
109i«
106
A-O
>lanufncliiring <&: IndiiHtrinI
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Am Cot Oil ext 4HiH
Am Hide A L 1st s IgOs.. 1919 M-S
Am Spirits Mfg Isl g6s.. 1915
Dae
Mar'03
Nov'98
Mar'03
on Next Page
Telep A Tel coll tr 48 1929
Comm Cable Co Ist g 48.. 2397
Registered
2397
Erie T A T col tr g s f 58..1926
1918
MetT ATletsf g5s
Mut Un Tel Co See Westu Un
Tel
N
J
gen
58.
.1920
N YA
g
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Fd anil real est g 4 Hjs. 1 950
Mut Un Tel s fund 08...1911
1904
Northwestern Tel 78
e
Apr '02
.
llOi,.
. .
91
91
103 10734
I05I8II2
91
J-J
A
BONUS—Continued
May'97
May'97
106i4Feb'02
105 Oct '00
91
103
109
105
111
102
10734 J'ly'03
94'8.
Am
91
101
102
106
102
96
95
122 14
M-S
Tr Co certif's gu g 3158.1916 M-N
C StL A P Ist con g 5s. 1932 A-O
Registered
1932 A-O
Teleftrnpli
Convertible deb g Ss
1911
Or Riv Coal A C l8tg68..1919
Clear
Jefl A
C A 1 1st g 68.1926
2d golil 58
1920
Kan A H C A C Ist s rg58.1951
Plea* Val Coal l8tg8r58.192H
BochA PitCA I pur m 68.1940 M N
STenu f;oal gen Ss
1951 T-J
T<i;n l>\v lslg6«
al917 A-O
l!.i
Div Ist consol 0S..1917 J J *105
Can 'J M Co iHtgu g 6s. 1922 J D
De Bar C A I Co gn g 6«. 1 91 FA 98'
Va Iron Coal AC l8tg.S8.1949
yrh
PCColHtg5s.l919 J-J
latest bid
04 7j,
91
107'2J'ly'00
llOi4Dec'0]
55
100
112
9934 100
77 14
771* Sale
108
115
107
80
103
Apr'03
109
1921 J-J
Pgen gug4'2S8CrA.'42
CI
Series B
1942
Series C 3128
1948
Series D312S
1950
Erie
Pitts gug 3 128 B.1940
Series C
1940
9934 100»8
100 100
10038 100»8
nil8C£L.l..ANEUUi»
MS
105'4
lOSTg
101 'e
108
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Ool a A 1 Co gen s t g68..1943
104
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9934 J'ue'03
98
103
102
102
ac of Missouri
37o 95
96 '4 60 100
101 '^J'ly'03
101
10m2J'ue'03
100
lOgi^Sep'O?
95
95 14
114 Hi May'03
108 Hi J'ly '02
Oswego A Rome See N Y' C
St P See C A N
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O CFA
SHjs coll trust reg.1937
Guar3i28Coll tr ser B...1941
D
Oonv<& Oswe Istgu gSs 1942
No price Friday:
M-N
FA
FA
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A
gu g 4s. 1930
LEA
1922 J-J
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FA
Beecli Creek ist
J-J
A-O
A-O
lien g 4s.. 1997 Q-J
Registered
1997 Q-J
General lieu gold 3s
a2047 Q-F
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o204'i' Q-F
C B A Q coU tr 48 See Gt Nor
StPaul.Dul Div g 48. ...1996 J-D
Registered
1996 J-D
StP
gen g 6s.. ..1923
Registered certiflc's..l923 Q-F
St Paul A Dul 1st 58.... 1931
2d 5s
1917 A-O
Ist consol gold 4s
1968 J-D
Panama
Cent
J-J
Registered
1997 J-J
Debenture 5s of. ..1884-1904 .\I-S
Registered
1884-1904 M-S
BegiBt deb Ss ol... 1889-1904 M-S
Debenture g 48
1890-3 905 J-D
1890-190.') J-D
ReKistered
Debt certs extg 4s
1905 M-N
Registered
1900 M-K
Lake shore coll g 3'2S...1998
Re;^i8tered
115
115
Nor Pac— Prior
1
Mich Centcoli gS^n
M-N
M-N
A-O
A-O
F-A
M-N
1996 A-O
C Joint 4s.. 1941 J-D
N E Ist gu g 48 1989
North Illinois See Chi A N W
North Ohio See L Erie A W
E prior lien kGs 2)1915 A-0
<fc
A
Pocah C
PeunCo
K V Bkin Man Bch See L,
U YCentA H Riv g 3'2S.1997
*
115
Dec'99
113
116
111
W<fe Allst 68..1917
Branch 1st 6s. ...1917
Flor
98
99
A Mont See N Y Cent
AW 6'ee C C C A St L
OInd
liio River RR
112
HcM M
T& P
10 101
Nor
Mohawk <& Mai 6'e«NYC<&U
Uouougahela Kiv See B <& O
.
Registered
CCA T Ist gug 58
9112
122>2l27»-2
12438 1251-2
9134 97112
114 II512
913* J'ly'03
9012
IHHj
103=8
10234
IO513
101\
lOl-'V
100
IO634 1113^
lOli
10(|3j
V\'
ANP
124\ Apr'03
IMW High
J-D
N YLEA
See
N Y' A Long Br See Cent of N J
N Y A N E ,Sf e N Y N H A H
New York New Hav A Hart—
Housatonic R con g 5s.. 1937 M-N
N H A Derby con g 5s. .1918 M-N
N Y A N E 1st 7s
1905 J-J
Ist 6s
1905 J-J
N Y A North See N Y C A H
N Y O A W ref Ist g 4s..jrl992 M-S
Regie §5,000 only
(/1992 M-S
N Y' A Put See N Y C A H
N Y A R B See Long Island
N Y S A W See Erie
N Y Tex A M See So Pac Co
Nor A South l8tg58
1941 M-N
Norf A West gen g 68
1931 M-N
Improvem't A ext g 6s.. 1934 FA
New River 1st g 6s
1932 A-0
N A W Ry l8t con g 48.1996 A-O
llO^J'ly'OO
93 Apr "02
102 Jly'02
114 Mar'03
93 Feb '03
101>aJ'ne'02
Q-F
107'^
94^2
102i2l05'4
112 113
26 110 115
10 111 111
122'2j'ne'03
.120
91
M-S
84
55 102
89
.\v
'O'J
See N Y C A Hud
W
See D L A
W
Erie
Scio V A
.\I-S
FA
FA
N Y A Har
N Y Lack A
Hit/li
Oct
105
lOli-j
101
.<tt
Since
107
i(>7i4"io7'i.^
106 10614 106
101)14
101 12
loiViJ'lViiS
19-40
f^
J-J
MS
Kange
Jnmiary I
iooCNov'bi
120
Registered
1940
S 1st g 3I2S
1951
Bat C & Stur 1st gu g38.1989
N Y & Harlem g 3128. ..2000
Registered
2000
KY'A North Ist g os... 1927
R
O con 1 ext 53. 7i 1922
Oswe & R 2d gu g 5s...el915
R
O T K 1st gu g 53.1918
Utica A Blk Rlvgu'g4s.l9'22
N Y Chic A St L Ist g 48.1937
Registere*!
1937
N Y' A Qreenw I.rfike See Erie
Ask Low
Hill
•103
1931 M-S
1931
LA
J
W&
W&
90a8J'ly'01
MU
NW
MU 4
NW
MU&.North AXChM&StP
Minn
-.7
J-J
J-D
J-D
.
lOOh
J'ly
2301
1903
1903
1997
1997
"id 7s.
Registered
lietrupi'ltttui
Mex Ceut
1st 4s gu... 2301 J
Registered
Lake Shore consol
it
A-0
A-O
Week^s
Jianye or
Last Sale
Au!/tist 7
N J June R gu 1st 4s. ..1986 FA
Registered
19S0 F-.\
N Y it Pn Ist c<iu gu g4s 1993 A-O
Nor * .Mom 1st an g 5s. 1910 A-O
l25»2A\ig'02
To J'ne'02
113 Nov-99
107S>J'ue'o3
84=8
84
113 J'ly'03
113 J'ly'03
115 Dec '01
110 Mar'08
100 Mar'Ol
J^tce
STOCK EXCHANGE
Wkkk F-ndlms .wgust 7
N V Cent & H li—( Contmueil)
1103sMar'O2
97>-jJ'ne'03
[Vol. LXXVII,
N. Y.
1.
MS
«uhaltau KvcoU8ol4s.l990
Kciristerea
1990
W««troi>ol Kl 1st s: tls
1908
Man S \V Colouiz jt as
1934
McK'i't * B V 6V<" N Y Cent
Maliou
KaUfje
Since
Januarii
Jiange or
Last SaU
-<»•*
Louis V kb ><asliV ( CttnCinitftt
Hia
P«twAcola DiT eoU16s...l9'J0
St L inv 1st gold 6s
19'il M-S
*! KOliI OS
IUSO VIHeui^er BiljrelststgOs.liiSl
KeiiUH'ky Cent iroUl 4s..li)ST
98
L* N A- M A- M ist g Sjs ISU''
!•<£ X-South M toiit-ts.ls'."'84 Sale
N hla& S 1st pii s5s...iy;!:
lOo^z
i^ns & Atl Isl Ku g Oa..lP-M
108»«
^^ A N Ala cou mi g 5s..li>oi; K-A
SiuktuuJ soldo.*
IIUO A-0
L»fc Jelt BiljreCoKuic4s..l94o
L N A & Ch
eek's
\i
STDCK EXCHANGE
Wkkk t-XUl.NG AUGUST 7
K. Y.
8
J'ly
34
OS's Sale
84 Sale
85
j^i
Due Nov
9373
83
87
«
Feb '03
34
42%
93-8
93^8 101
86
83
86
J'ly '03
Option
sale.
98
941*
1
August
1
.
Price
August 7
Mg
102
II234 Mar'OO
106
120
107
.
118U
ld-22
Pitta Juno Ist gold (is
Pitts i& L Erie 2d g 5s...al9'28
Y See Y Con
Pitts McKees
L E 1st g OS... 1940
Pitts Sh
1943
Ist consol gold 58
1917
Pitts >fc West Ist g 48
Co ccrtfs
J P
Ash 1st con os.l927
Pitts Y
98
._.
1997
4s
1997
Kegistered
.1951
Jersey Cent coU g 48..
Bensselaer Jls Sar See D tb H
Rich & Dan See South Ky
Rich A.Meek 6«e Southern
1939
BioUr West Ist g 4s
Consol and col trust 4s .1949
Utali Cent 1st gu g 4s.ol917
Rio Gr Juno 1st gugo3...1939
1940
RiogrSo Ist gold 43
94>4Sale
9l3(tSale
Sale
Oi
82
1940
Guaranteed
B K
See
See
Rutlau(t Ist con g
AP
443
Oct
'01
93
98
120 Ha Dec '02
94'-. 170
94
96>sJ'ly'03
yl»8
92 "24
94
94
90 J'ly'Oo
97 Jan "O"
llOViFeb'OS
76
76
92 Mar' 03
88
98 4
96
964
i>0
96
94
88
99
92
10
1121-2
75
92
75
92
May'03
87
94
106 M«y'03
104\J'ly'03
124>2J'ly'03
106
103 4106
120 129
109
109
95 »2 Jan '03
100 J'ne'03
100
.109
80)4 Sale
113
W
92
69
Sale
110'4.
127
.
578
J'ne'03
80
15
StP&S'lCitv SeeCStPM&O
SFePresA Ph I3tg5s...l94i .MS
8 A <fe A P See So Pac Co
S F <fc N P l3t sink I g 53.1919
104
76
.
AO
12
Mtty'Oii
75
864i
1104 1104,
HI
1114!
10.!
10534)
1
04 '4 104
O
FA
.
ETVa*Ga
W
.
S <fc N Ala See L & N
Spok I'alls & Nor 1st g 68. 1939 J-J
Stat Isl Ry 1st gu g 448.. 1943 J-D
,125
117
J'ly '00
'02
1044 Sep
90
Sanb
lerAof St List g 44s.. 1939
1894-1944 F-A
1st con gold OS
St L M Bge Ter gu g as. 1930 XO
Te.x & N O See So Pac Co
Tex & Pac E Div Ist g 6s.. 1905
107 14 J'ly '03
1134....
76
86
1114
1st gold OS
2d gold inc 53
TolStL&WprTieng34s.l925 J-J
1950
50-year gold 4s
Tor Ham & Buff 1st g 43. 1946
Del
St
con
58
1928
&
1
g
Ulster
n Pac RR <fe 1 gt g 4«..1947
/i
May'Ol
1054
103
J'ly'06
134
13414
115
1184
1947
1911
1911
Ore Ry & Nav con g 48.1946
Ore Short Line 1st g 6s.. 1922
1946
1st consol g5s
1927
43 & participating
1908
Utah <fe Nor lst78
1926
Gold 5s
Registered
Istlien convert 4s
Registered
Uni N J RR & C Co See Pa RR
Utah Central See Rio Gr Wes
Utah & North See Un Pacific
1074 112'*
II24II8
1134
J'ne'03
115
117'8
102
.May'03
102
102
1144
11341184
1144
81
J'ne'03
111
Jan '03
100
111
113
1104 113
107 107
90
97
90
92
89
833t 86
70'% Sale
7038
70»8 80
714
98
924 98 Apr -03
98
108 ...... 108 J'ly'03
108 1104
9934 Sale
99=8
99 7g 235 99 4103V
100
1 100
100
1034
9234 Sale
92
94 1S84 92 1074-
W 1st gold 4s.. ..1917 J-J
P&
1124
1134 115
MS
Tol
Aug'Ol
102
,
12714I3514
Dec '01
103
,
11341134
11334
Jan '01
105 4Nov'01
75
75
1104 Apr 'o;;
11 14 Apr 'OS
1044
127>2 J'ly'03
111
J'ly '03
103 '4 J'ly'03
1024
AO
AO
113'aFeb'03
111
87
A-O
J-D
J-D
J-J
J-J
M-N
M-N
110
1054 Jan '03
J-D
F-A
"974
J-J
1094111
J-J
J-J
88
106
103
974
128
FA
81
111
110 J'ly'O:^
1104J'ly'03
107 Feb '03
90 4 J'ly '03
90
90
85 4 J'ly '03
884
974
10541054,
8
102
127 4
114
8734 984!
97
120
120
120
1
1104
1104
1 109
90 336
Nov'02
1144 Apr'02
8734
115
& Black R See N Y Cent
Val Ind & W See Mo P
Ver
irginia Mid See South Ry
Va A Southw't 1st gu 53.2003 J-J
1014 100
100
1939 M-N 1144
1144 1154
Wabash Ist gold 5s
Apr '03
111
76 4 Sale
100
89 "a.
951a
841a Sale
fcl949
A* N W 1st gug 53.. ..1941
.105
gu g 4s 1949
96
9tJh
1949
83
Registered
fcl929
Gal Har<fc S A 1st g63..1910
2d gold "3
1905
Mex & Paclstg58
1931
Sale
100
GUa VG<fcNlstgug5s.l924
Hous E & W T Ist g 53.1933
1933
105
.106
964
764
8438
IOOI4IO34
95i2Feb'03
111141111^
954 95 4
76>a
lOOia
IIII4 May'03
102
Jan '03
96
84
9634
85 12 104]
95 Apr'02
105 12 Feb '03
96
S2'a
6
d6^^
SS"^
1939
1939
Debenture series A
SeriesB
1939
1st hen equip 3 fdg5s..l921
Det A Ch Ext 1st g 5s. .1941
DesMoin Div lstg43..1939
OmDiv 1st g 34s
1941
Tol & Ch Div 1 St g 4s. .. 1941
St Chas Bridge 1st g 63.1908
Warren See Del Lac A West
2d gold 5s
FA
103 4 Sale
J-J
J-J
64
MS
1034 104
1014 Apr '03
52
Sale
60
10 100 103%
11 1134118
10
1034111
•
100
944 52
lOlV
107
109%
84>«
1044Dec'02
J-J
J-J
109
90
84
A-O
MS
A-O
Wash Cent See Nor Pac
102
Wash O A W See Southern
9541004 WestN YA Pa 1st g 5s.. 1937 J-J
Gen gold 3-4s
1943 A-O
84
924
Income os
dl943 Not
West
No
South
Ry
Car
See
10541054
J'ly '03
107
97
84
98
May'02
"si" "854;
J'ne'03
Mar'02
1094 Mar'03
ibs"
1154
11541184?
9641011*
ioliii
102
14
96
48
110i4Feb'03
105 Feb '03
109^8 Jan '03
10912 Feb'03
105 May'03
1021a Dec'02
82
102
99 14
West Shore
See
117
IIOI4II2
105
109 'e
105
1154
96 4 J'ly '03
40 Mar'Ol
"as'
30
N Y Cent
W VaCentA P 1st g 6s. .1911 J-J
4 884 Wheel'gA LE Ist g 5s. ..1926 A-O
994
99 14 Mar'03
Mort guar gold 3 >2S.. 4:1929
95
7714
lOOHz
W
961^!
112»4
Aug'Ol
95I4 May'03
W
guar 58 red
J-J "70""
J J
J-J 103
J-J 104
A() 102
894 974
eS^a 854
106
103
102
113
Utica
W
Registered
884
128 Oct '02
123 Dec'99
95i4NoY'01
1934
l8t gold 03
St John's Div Ist g 48... 1934
Ala Mid Ist gu gold 58.. 1928
Istgu g 48.. 193s
Bruns <fc
SilSoOcaA G gu g 4s. .1918
Bcioto Val & N E .See Nor <&
Seaboard Air Line g 4s ...1950
1911
CoU tr leftmd g 58
1926
B«ab & Roa Ist 58
Car Cent Ist con g 48. ..1949
SUer SUr <fc So 6ee M K <fe T
8U Sp Oca & G See Sav F <fc
Sod Bay & So 1st g os
1924 J.J
So Car & Ga See Southern
So Pac Co-CoU tr g 4ias..l905
Gold 48 (Cent Pac coU).fcl949
ref
124
106
1054.
W l3t gold 68. ...1934
Registered
118
79
917^
IIOI4II4
100 104
103
.
9212
69
J'ly'03
128 Apr '02
126»4
134 Mar'03
115 Apr'97
116 Sale 115
115
'108
125 la Feb '02
1937
Registered.
1937
Ist guar gold os
gold
5s. .1938
WIU& S F l8t
St P •& Nor Pao 6'ee Nor Pao
7834
llOVj J'ly'03
100 J'ly'03
102
190.5
.
2000 J-D
lU
?2000 Mar
1931
J.J
,105
La Div B Llstg 58
1935 J-J 110
rol& O C 1st g 03
Western Div 1st g os... 1935 A-O '1104.
1935 J-D
,110
General gold 58
1990 A-O
Kan<fe M Ist gug 4s
91>a
OS^a
Nov'02
Sen '<>2
112
I'
100
108
>«
102
110
J-J
AO
& Lew .See Penn RR
SyraBingANY SeeDL&W
;084115
954 954 •''ebo & N .9ee M K & T
110>4.
.101
1908
Nor Div Ist gold 43. ...194b
1922
Minn Union IstgOs
1937
Monte IstgugBs
8234
105
140 May'02
107
107
116»8Apr'01
107
SMiuulstdiv Istg5s..l90s
Registered
118
79
76
1937
Registered
82
'
78^8
130
122
HI
'
1104
12018.
1931
Retuuding g 4s
1951
K C FtS& 11 coiig0s..l92S
rel
&
M
Ry
48
1936
K C Ft S
g
Registered
1936
St Louis So See Illinois Cent
1st g 4s bd ctfs.1989
St L S
2d g 4s inc bond ctf3...iJl98U
1932
Cousoi gold 4s
Gray'sPtTerlstgugos 1947
St Paul & Uul -See Nor Pacific
StPaulM<& Man 2d 63... 1909
1933
l8t cousoi goldOe
1933
Registered
Reduced to gold 4^18.. 1933
Registered.
1933
1910
Dakota ext gold 6s
193
Mont ext Ist gold 4s
1st
9334
104
104
F RR consg4s..'9(;
Soulhw Div 1st g OS. .1947
125
May' 03
4 Fob '02
103
105:'.! 1064^
1064May'0:
110
iV.)^i Fob '03
119 4 11935
1st g 6s series Eifc F. .191
110
119
Mar'03
119 llOsH
.1912 A-O
l8t gold 68
lOS
110
Mfty'03
110
no
g5a
.193
M-N
1st con guar
107
107
1063., 110
1905-. 1937 .M-N "106
Stamped
='4
112
,1034 1083) J'ne'03
108
S Pac of N Mex Ist g 6s. 191 J-J
1937 J-J
S P Coast 1st gug 4a
MBy'02
107
108
1905
AN01st7s
Tex
1114 Oct '02
Sabine Div 1st g 63.... 1912 M-S
1044 105 Apr '03
101
105
1943 J-J
Con gold 58
11234 131 11141184
lll»4
Sale
1114
1994 J-J
Southern— Ist con g 53
1991 J-J 111 '4 Sale 1114 1114 10 1114117
Registered
1
89
974
90'n
907h
Mob & Ohio coll tr g 43. 193K M-S 90 4 91
112
112 4 Apr '03
11241134
Mem Div Ist g 44-.'i8... 1996 J-J
98i»
94
94
J'ly'03
94
1951 J-J
St Louis div 1st g Is
120 Mar'Ol
1918 J-J 109
AlaCen R Ist g 6s
95 Deo '02
96
1948 J-J
Atl & Danvlst g 4a
.Vtl <fc Yad 1st g guar 4s. 1949 A-O
109
120
Sep '02
1916
J-J
Col & Greenv IstO.-t
116 4 May'03
116 1164
Div g 5a.. 1930 J-J
11434 lo 114 1194
1956 M-N 114 Sale Hi
Con Ist gold 5s
'03
110 114 Jan
114 11534
1938 M-S
ETen reor lien g 5a
122 Mar'03
122 124
1922 J-J
GaPac Ry l8tg6s
124 4 Feb '03
123 124 4
Knox & Ohio 1st g 68.. .1925 J-J 115
114 J'ly'03
1915 J-J 111
114 118
Rich* Dan con g 63
97
101 4 J'ly '00
Equip sink fund g 53. .1909 M-S
106
109
1927
J'ly
'03
109 11134
A-O
4
Deb 5s stamped
92 Sep '02
Rich& Meek l3t g 48...194^ M-N
105 104 J'ly'03
ioi" ios"*
SoCar<fe Ga 1st g 58. ...1919 M-N
123 Feb '02
Virginia Mid ser C 68.. .191(5 M-i-;
1921
112
4-58
Feb
'03
112 112
M-S
Scries D
1926 M-S 109 1104 115 Jait '03
115 115
Series E5s
1936 M-N
110 110 J'ly'03
110 1164
General 58
1936 M-N
110 113 4 May'03
Guar stamped
1134113V
1924
854.
93
93
gu
48..
FA
Feb
'03
93
1st
cy
O ifo
115 4 Mar'03
115 1154
West N C Ist con g 6s. .1914 J-J 109 4
W
St Lcfc S
Cent Pac 1st
93 1 00 i-i
100 14 lOO'i
RB
General goldSs
904 944
92
127
!
1083.(112
.
116»4 11714
101»«Nov'01
alt LakeC Ist g sf Us .1913
St Jo A Gr Isl 1st g3-4s.. 1947
St Law ifc Adirou 1st g os.l990
1990
2d gold 6s
St L <& Cairo iS'ee ^lob <& Ohio
St L (& Iron Mount 6'ee Jl P
See Wabash
St L K C &
A of St L
Br 6'e« T
St L
8t L & S fc'ran 2d g Oa CI B 1900
1900
2d gold Os Class
1931
General gold Os
Mo Low H tgit
.
1941
RutrCanad 1 st gu g 4 "-iS. 1949
•>ere Marq
Sag Tus & H See Pere
F<fc
120
Hig/i
J'ly'03
Mar'O;!
,
X Y Cent
Rome Wat & Og
Sav
0cf 98
89"
Since
53^ January 1
A-O
l8tg6sseriesC& D...190f>
100k Feb '03
lU>a
Reading Co gen g
M
107'9
B
Sate
Lnjit
111
111
,T-J
.
l8t g 63 series
11714 J'ly'03
98 J'ly'97
A
N
Ill
lis
N
&
Pitta
107
107
112'-2Dec'02
M&
&
95
1211..
gold 6a
Range or
7
Ask Law
\o
—
4 127
05
lift
.
1920
N YTifcMex £:ulHtg4s.l912
No of Cal 1st gu g 6s. ...1907
1938
Guaranteed gold 5s
Ore & Cal 1st guar g .'>s. 19
4s.
1943
1st
gu
g
S A & A Pass
So P of Ar gu 1st B 68. .cl909
clOlO
Ist guar g 6s
190
S Pof Cal LstgOs
.MftVbo
124
.
W
1044106
137" NoV'97
.
Bocli
J'ly03
124 4Ai)r'03
95 J'ne'03
11 «
J'ly'03
107 J'ly'03
IO7J4
107
.
lOJd
19;>!i
19:>li
1
Consol g 6s lilt guar... 1912]
Gen gtdd 4s int gujir..l9'Jl A-0
div 1st g 6s '30 M-K
Waco it N
Morgjvu's La A T 1st 7s.l91S A-O
Ifit
PI Huron Uiv Istg 5s.
Sag Tus & H 1 9t gu g 4s. 193
Pine Creek reg guar 63...19;52
Pitts Cm di St L See Peun Co
Pitts Clev Jb Tol Isl g t>3. 19'2-J .\-o
Pitts Kt \V <fc Cli See Penu Co
&
Nov'97
117
Augvsl
Range
Week's
Friday
Bid
Low High Southern PaoCo—<Co»Uim(eriy
H T C St g 5s int gu 1937 J-J 111
JVo
98
fcl921
1st cousoi gold OS
1
<fc
100
106
.
tjs.
High
101
4s...ltJ4-.'
Mar 1st gu g4Vjs-.19;^;'
O K K K <& Bgo l3t gu 4s g.'3(i
GrKJt [exist gug4'-3sl'.>41
Lewis Isl g 48. ll'3t.
Sun
U N J RR<fcCangon43.1i)41
Peus;icola& Atl Hee Lit N:i«h
Peo & East See C C C & St L
Peo& PekUnl8tg68....1921
January
aqce
Price
STOCK KXCH.VNGK
Wekk Ending august 7
N. Y.
Since
Last Sale
Lov)
Range
or
106
100
Cl<fc
2d goU14'-js
Pere M;U(i— f & P
•a._
Weelss
Ranye
j
ASk
Bid
l{>-4;>
.
'.
FYiday
PeDu liH—{Continued}
.fc
KOM>><
I
BON OS
K. Y. STOCK EXCHANG K
Wkkk Knding august 7
Consul gold 4s
Alk'K Val gen gu g
2891
Bond Record— Concluded— Page 4
1903.]
8,
106
112
1164
113
110
86
Sep '02
Mar'03
110
110
88
884
108
.
87
Wilkes A East See Erie
1074
109 4109 4 Wil A Sioux F See St P M A M
Winona A St P See C A N
105 195
Wis Cent 50-yt 1st gen 4s. 1949 J-J
108
il24 112 4 J'ly '03
105
Wheel Div Ist gold 5s.. 1928 J-J
Exten A Imp gold 5s. ..1930 FA
Ist consol 4s
1949 M-S
Sale
J'ly'03
I
884 34 86
93*4
86
924
W
8814 Sale
MISCELLANEOUS BONDS—Concluded.
Vlnnntncturing &: Industrial
Am Thread Ist col tr 4s.. .1919
Bar A S Car Co 1st g 6s.. .1942
Con.solTobacco50-yrg 43.1951
Distil Sec Cor conv Ist g 5s. '27
Distill of .\mer coll trg 5s. 1911
ni Steel Co deb 5s
1910
Non-couv deben os
1913
Int Paper Co 1st con g 63.1918
Knicker ice (Chic) lstg59.'2.s
Lackaw .Steel Ist g 5s
l!i'23
Nat Starch Mfg Co 1st g 6s 1920
Nat Starch Co 3 f deb 53. .1925
Stan Rope A T 1st g 6s. ..1946
Income gold 5s
1946
V S Leath Co s f deb g6s..l913
V S Shipbldg coll A mge 5s. '22
1st sf Sag "A"
1932
V S Steel Corpcoltr2d5s.ri'63
•No price
J-J
J-J
74
F.A
A-O
5538 Sale
60
J-J
J-J
A-O
F-A
93
95
*
J-J
*
61
100
Q9
100
96
92
45
95
68
46
110
110
34
FA
J-J
5134
93
96
89
70
M-N
M-N
78
105
1084 1084
t
A-O
A O
M-N
FA
78
::::::::::;:
Friday; latest bid and asked.
57
Sale
25 4
774
4501
624 62
Mar'03
Jan '99
May'02
96
14
1
5134
6734
AmSSCoof WVag5s....l920 M-N
59
77
B'kl'n FerryCol8tcon.sg5s'48 F-A
ChicJc A St Yard col g 5s. 1915 J-J
i
053,
93
22
13
3
J'ly'03
10
Jan
91
'03
J'ly '03
803^ 1480
oDueJan fcDueFeb
c
Am Dk A Imp 5s
DetM A M Idgr mcomes..l9H A-O
Hoboken LAI gold 5s. ..1910 M-N
no Mad Sq Garden 1st g 5s. .1919 .M-N
93
Man Bch HAL gen g 48. 1940 .M-N
974 Newp Ne Ship A D D 5s dl990 J-J
95
N YDoek 50-yr l8tg43..1951 F-A
108=8104
80
68
4 134
1144
23
91
80
7738
87=8
St Joseph Stk Yds 1st 448. 1930 J-J
St L Ter Cupples St.it'n A Prop
Co 1st g 4 4s 5-20 year. .1917 J-D
S Yuba Wat Co con g 6s.. 1923 J-J
Sp Val Wat Works 1st
U S Red A Ref 1st s t g
Due Mar d Due Apr
</
Due
J'ne
ft
6s. 1906
6s. 1931
Due J'ly
fc
M-S
1034
104
18 103
106
73
76
75
954
1003i J'n6'02
Mar'03
Mar'Ol
61
34
794
73
111
1004
*
30
82
Feb '02
50
.
96
94
68
40
M.ar'03
J'ly'03
J'ly'03
MS
80
9834 100
1084
Feb '03
Miscellaneous
col tr g43
1948
See Cent N J
Adams Ex
78
Jan '00
4
91
73
J'ne'03
90 4 Sale
105
.
1014.
Due Ang
»
904
104
904 10 89 4 95
J'ly'03
104
104
1134 J'ly '00
82 Apr '03
82
86
Due Nov
17
Due Deo ^Optionsale
BOSTON STOCK EXOHANGE-Stock
Share Prices— Sot
Atig^tst
A tig list
3
Centum Prices
I'er
Tufsiiaii
Jdjiniay
Sahtrdaa
IfViiiicsn'tii/
Axigust
4
Record, Daily,
STOCKS
Thursddu
August 6
J'Yidai/
Kange
Jiange for Year
Sales
the
lor I^evious
Year (190JJ
1903
01
BOSTON STOCK
Week
EXCHANGE
August 7
Weekly and Yearly
Shares
Lowest
Lowest
Jiiilhest
Highest
Unilroiids
62^
62«4
246
140
•24«
140
173
174
•246
247
246
2464
is;
137
240
235
170
137
240
172
175
295
143
•235
17-2
iVi"
28S'
13-2
•4-2
133
45
SO
SO
15
15
19S
K;
22S
'•220'
•203
204
•200
33
SS
•16
"78'
'
•95
100
•75
85
ft
75'4
sr.
.170
"96
90
110 110
220
200
22s
201
'75
77'
321
30
•15
7S
....
78
100
t
•95" 106
"96
74>«
"So"*
•S4-'4
90
110
7138
74V.
85H.
170
90
110
•
»s
16rf
'
•Ys" ;."
.
14
1964197
19S'«
228
203
'"79"
i76'
75'
2m
79
204
79
14
.168
.16-:
*aat)
'75'
45
"22"
14Sj
197
133
•42
134
"22"
S2
166
275
2S3"
•275
'133
•42
aa-i
14^
87
6734
68»)
354 854
2464
245
245
136
240
87%
245
135
230
Atch Top
59
Do
87%
ct
prot
Boston <fe Albany
Boston Elevated"
Boston & Lowell
Boston <fe Itlaiue
247
136
230
l:
195
1J6
283
134
45
195
105
•165
»276
197
29S
140
SanU FelOO
2,96
89 'p Jan 10
56 Aug
239 S5 4 Aug
100
1034 Jan 10
49
100
244
J'nol9
202
4 Feb 4
246
4>2 134 Aug 3 154 Jan 5
100
133
184 136
12 230 Aug 7 230 Apr 8
100
23 j 240 •235
46 161 J'ne 5 193 Jan 5
100
171
171
172
43
172
100
170 J'ne 6 177 Apr 22
176
iY-i"
176
Do
174
pref
i'ii'
30 290 J'ly 17 305 Marl3
295 Boston <fc ProvulenoelOO
'29S
205
.298 •
134 J'ly 11 157 Jan
liVkit Sale
j'iyo3 ChioJuucKv&US VI 00
100 '""i 115 J'ly 17 U5 Jan
Do pref
15 190 J'ly
190^4 191
195 Con<& Mont Class 4.. 100
195
1964Mar2l
56 160 Jan 5 170 Marl9
*165
165 166
165
165 Conn & Pas.'t Biv pref 100
283'
2,
•275
275 283
4 270 Aug
-^6
270
270 Oonnocticvit Kiver...lOO
Feb 19
51 131 J'ly 20 113 4 Feb 10
133 134
133
133 Fitchbur.K l)ref
1 00
134 134
•42
42 Mar 9 42 Mar
LaH Sale
45
Mar'03 Houston El'trie com. 100
173 4Mayl5 lao Feb 10
Last Sale 2734 J'ly'03 Maine Central
100
203,
20
2)
214 .Mass Electric Cos
20
204
100 i,571 19 J'ly 2
3734 Feb 18
403
7S4
79
79
78 J'ly 30 90 Jan 7
794 794
784
Do pref
100
S:
100 11^8 J'ly -27 28% Apr 2."
14=8 -Meiican Central
144 144 •1334 1434
14%
100
)o
•10
462 U88 4Ma>195
196 N Y N H ifc Hart.... 100
195 196 4 195 195
Jan
Last Sale 166
105 Mayl5 173 4 Mar
168
J ly'03 Northern N H
lOO
•232
Last Sale i30
J'nelS
2-i5
ue'03
229
J
Norwich & Wor pref 100
Marll
200 200
82 198 J'ne23 2124 Feb 13
198
198 Old Colony
200 200
100
601 74 J'ly
75
79 4 Pere Marquette
91 Mavll
784 794
100
72
75
369 72 Aug
Do pref
100
85 Jan 9
30
503 30 J'ly 15 71 Jan 20
30
31
SO
30 Kutland pref
30
100
15
Last Salt lo
7 J'ly 8 25 Jan 12
J'ly'03 Savannali Elec com..l00
Last Sail SO
75 Jan 5 8434 Jan 10
78
Feu '03 Sejittle Electric
100
•»95
•95 100
100
95
95
4 94 J'ly 22 104 4 Jan
Do pref
100
683.1 70*8
6834 Aug 5 104 4 Jan 9
714
6S34 714
Union
2,182
70%
100
Pacific
40 844 J'ly 27 95 Jan 27
84 4 844 84-<i, 84»8
85 4
85 4
Do prof
100
170
J'ne22 178 Feb 23
1 170
170
170
Vermont*: Mass
100
893, 8934
88
89
94 87 4 Aug 7 .•7 Feb 10
87 4 "ss West End St
50
110
109
J'ue22 110 Feb 1-1
25
110 110
Do pref
50
Last Sale tb'^V" J'ly'03 Wisconsin Central. ..100
1634 J'ly 23 26% Jan 15
Last Sale c<S4 J'ly '03
384 J'ly 23 32 Jan 13
Do pref
100
Last Sale 150
150 Jan 14 150 Jan 14
J'ue'03 Wore Nash cfc Koch. .100
56
69
87
67
•>
119
195
22;^,
17.>
29S
iVo' 146
14'3
•80
172
173
175
174
298
•140
119
61 »»
8S%
j:137
•ss.n
• 2;>ii
69^4
88»s
62
61^8
73^8
S5
170
90
170
90
•110
111
15
75
15
76
"
>.
'
743s Jan 90 4 Sep
95 4 Mai 100 Sep
2564 Dec 200 May
1494 Dec 173 4 Mar
230 J'ne 248 Apr
1904 Nov 209 -^pr
171 Oct 183 Apr
297 4 J'ne 307 Mar
150 Sep 172 Mar
123 Nov 13(> Mar
190 Nov 202 Jan
160 J'ne 100 4 Feb
280 Oct 295 Feb
141 Dec 148 Mar
47
172
33
50
J'li'
Jan
Dec
;t2
Jan
22 4 Dec
210 Jan
170 Jan
230 Jan
200 Dec
08 May
79 4 May
J'ne
1784 J'ly
45 "g Apr
99
31
J'ne
254
Mar
Apr
175
Jan
238 Apr
217 Apr
85 4 Sep
91 J'ly
Ol'eDec 1254 Apr
23 Nov 31 J'ly
58 Jan 90 May
103 Oct 110 Mar
93«8 Dec 113 Aug
80% Mar 94 4 Aug
172 Jan 178 J'ly
92 4 Oct 99 Mar
11 1 4 Dec 117 J'ne
19 4 Jan 34'8J'ly
39% Jan 55 4 Sep
145 Nov 1524 May
l>li!«cellnneoiis
•15
•75
15
*75
.
.
16^1
•44
14
74
14
72
14
73
14
74
1434
744
•44
154 Amer Agriciil Cliem.lOO 1,160 13
699 72
Do prof
100
150
4
Amer Puou Serv
50
•44 5
Last Sale 18
J'ly'03
Do pref
20
•
20
11^234
1104113
1104
1124 113»8 AmerSuf,'arKeIlu
113
115^4
1164
116 110
11734
118411S34 11741184 117 1174 117
Do pref
100
llS»4ll-^'4 11H4118
130 1314 129 4130 4 129 1304 1304 13034 Amer Telop & Teleg.lOO
ISli-ilSls^ 1314131
9
94
9
sa,
834
84
Amer Woolen
9
y
94 94
100
914
9>a
70i« 714
0934 70 4
6934 70
69
70
70
Do pref
70S,
100
70v-i 714
•34
34-...
Last
Sale
i4
J'ly'03
•34
Boston
Laud
10
o-a119
117 117
1174 Cumborl Telep <fc Tel 100
117
9J4
9
9
10
11
104
84
Dominion
1134 \W
10
Iron & St..
11^4 ll'*
•6
•6
•6 ....
6
6
4 7
East Boston Land
•6 ....
•4>2
5^
'41a
54
44
44
20
20
115
'
'
5
339
•
239
162'i2
34',
34
•77 "s 73
•170 173
-1>3
1»18
32-8
774
172
•14
19i«
25
*25
215
•24
•100
45
28
3
45
29
25
125
25
125
25
218
2184 210
215
9
251.
5-^4
28
-2 "4
'24
3
100
46
29
ioi" 103
254
254 25
•25
•2S
29
28
29
3
-l
3
100
45
95
'45
100
46
46"
99
43
29
284 284
284
9»e
24
34
23
85
83
"8
loo
*25
28
4
714
724 724 •80
••80
134 134 134
\
24
•P3
•85
•85
63<
•6
90
90
5»4
6 '4
41«8
'••80
•90
•
10
"18'^ 18-8
2
2
•ftO
9
•23
••46
•84
480
•50
9
23 4
•60
44
430
•10
16% 16%
•»4 9
'1«M
•12
\H
15
42 4 42^4
3S4 384
904 954
•112
115
•234
3
•8
84
•34
4
•1
1"4
.-•64
54
•1
•64
3634
•75
54
14
7
36'4
5
1
1
11%
•184
12
51
•3'2
4
•S«)
86
•14
•1
183,
87
2
1'4
•94 10
•80
85
814 814
5% 54
174 17=8
11
11
•244 25
•4
-7'*
4 '4
7'4
63
14
85
214
69
••80
,
'134
83
,
23 4
45
28
704
13
85
"13'
S5
85
834 834 •85
5»4
•0
534
54
4034 41
•50
•75
•50
9
-34
'425
••08
15
1%
*12
424
39
87
112
15
43
39
96
115
12
15
89
115
87
112
'234
8
•34
•1
6
14
«4
54
14
14
•1
7
7
36^8 3678
"
44
1
1
2
1
934
"-J
4
90
10
85
80
54
1734
1734
10
25
•4
10%
74
63
•1%
634
•5
1
64
35
4
•75"
1
20
90
•80
•40
•8
'l^e
84
••08
•10
1434 1434
"74
•50
40
1
2
•70
25
44
74
63
14
•34
•14
1
94
SO
•80
5
14
17
9^8
24
4
7
63
1%
2
••25
84
•50
84
22
•45
1
64
7
301..
1
4
90 4
2
14
10
80
82
l«ie
50
18
-334
85
"14
1
22
•60
1»18
-64
7
424
80
34
1124
14
6I4
1
64
434
7
354
1
7
434
J'ly'03
64
64
'3
3
30
4
•10
75
1
50
17
334
85
14
2
»1
14
94
80
154
171,
1634
9'»
36
4
9'8
23 4 24 4
4
4
63
63
14
rf
1
oO
17
334
85
14
14
94
504
4%
18
184
4
90
34
*14
14
94
75
'
6
16 4 "r7 4
9%
23
334
934
24 4
3%
7
7
7
63
62
62
14
14
51
90
'SO
Last Sale] 40
Last Sale] 33
80
80
80
15 4
24»8
4
7
6"%
75
5
174
5
Sm. 25
25
25
Arcadian
Arnold
25
Bingham Con Min&S 50
Bonanza (Dev Co)... 10
Atlantic
Colum
(Ltd).
5
2
14
934
85
J'ly '03
J'ly'03
80
5
"17"
9^6
24
334
174
104
24 4
4
7',
63
14
Coi>per
5
465
534
63
Jan 22
112^8
J'ly 13
834
J'ly 24 310
'.
UnitetlStates .Mining 2
Unit States Coal cfcOil 25
Utah Con (Gold)tr re 4 85
25
Victoria...-.
25
Winona
25
Wolverine
14 Wyanilol
25
84 Mar
9
75% Marl'.
14 Feb 10
910 50 Feb 9
Jan 2 1234Mar21
125
30 15% J'ly 24 314 Feb 23
tj
14 J'ly 24
630
450 25 Apr y
50
885
6 4Eeb
9
Marl9
•95
14 4 Feb 10
394 Feb 10
8 J'ly 20
204'^'ly24
J'ly 15 •90
Maris
J'ly 24
8 Feb 3
J'ly 24 551
Marl2
Feu 10 •10 Febll
•OS
3,446 12 J'ly 24 Sl'sEeblO
Jan
94J'ly 3
64
25 J'nel8 •35 Feb 19
1,300 13 3 Mayl3 1^'32 Jan 2
300 5U
4
117 400
13
25
20
100
100
Do pref
12
Elm River
Franklin
25
Granby Consolidated. 10
Guanajuato Consol.. 5
Isle Royale (Copper). 25
Mass Consol
'25
Mayflower
Michigan
25
Mohawk t
25
M on tana Coal & Coke 25
.Montreal* Boston..
25
National
(Jld Colony
Old Dominion (Cop).. 25
25
Osceola
Parrott(Silvdt Copp) 10
Consol
25
Phoenix
t
25
Quincy
25
Rhode Island
Santa Fe(Gold & Cop) 10
10
Sliannou
25
Tamarack
25
Tecumseh
25
Tennessee
25
Trimountain
25
Trinity
100
United Copper
Jan 2
18
656
J'ly24
Mar24
Feb 13
75
364 Jan 20 484 May
8,994 72
10 112
270
212
300
555
745
475
Feb 10 16
J'ne 2 13 1^8 Jan 10
J'ne 9 ll84Feb
24 Jan
Mar 17
5
Feb 9
5 4 Apr 2 3
3 Jan 12
J'ly 23
334 J'ly 24
1 J'ly i
7
14
54J'iyl5
17 4 Feb 9
18 Feb
'2 4 J an 23
3 J'ly 24
lijgj'ly 13
3% J'ly 2-1 114 Feb 9
J'ly 24 58
Feb 13
2,612
34Aug 5 8 Marl 3
100
2% Jan 10
800 •70 Aug 6
May 14 14 Jan 23
•75
"735 •50 J'uel9
2 4 Feb 9
9 J'ly 27 23 4 Feb 9
2,145
"iVo
31
5,0'.vi
44%
043
1.111
1,225
44 J'ly 24
Aug 4
1154 J'ly 24
9% J'ly 27
14
3434
14
Feb
Jan
9
27 4 Feb 9
17
Marll
Jan
334
Apr
Aug
Oct 33234 Apr
304 Nov 4134 Nov
82 Nov 87 4 Oct
1117134
Jan 190
170
Sep
l%Dec
3'3e Apr
Nov 934J'ne
Jan 151 Apr
Dec 41 4 Sep
87
135
21
216
Jan 250 J'ly
Jan 10 4 Oct
Jan 177 J'ly
Oct 27 Jan
Jan 30 Oct
6
100
26
28
1 4 Aug
854Jan
2
4 Mar
117
Sep
Jan
29 Jan
11 4 Jan
804 Jan
134 Jan
49 Jan
574 May
33 4 Apr
15 4 Sep
29 4 Dec
79 4 Dec
4634
46
•72
4 Mai
91 4 Sep
19'sOct
624 Mar
Jan
97 4 Jan
124Apr
1
22 Dec 33 4 Apr
91 F'eb 1064 Apr
86 4 Jan 1154Apr
89 Jan 117 Apr
12 4 Dec
Aug
53 4 Nov
14 Nov
2
Dec
6
ti
244 Apr
434
7878
334
Mar
Feb
Apr
164J']y
Nov 35 Jan
34 Jan 134 Mar
37 4 Dec
1
Jan
9 Deo
6 Dec
20 4 Jan 3934 Apr
•40 J'ly l'2o Mar
104 Mar
5 4 8ep
21
•10
Dec 650
Apr 12
11
28
420
Jan
64 Dec
•25
Apr
13g
Jan
Oct
15
834
F'eb
Jan
Mar
May
2 Jan
24 J'ly
1934 J'ly
Mar 654 Oct
184 Mar 56 J'ly
64 Jan 1464 Sep
113 Dec 119 Jan
54 Mar
1 4 Jan
1534 Feb
7 4 Dec
4334
Dec
Dec
124 Dec
24
934
1
7
rf27
3% Mar
Nov (il34Mar
Jan 494 Sep
J'ly
178 J'ly
3
1
Jan
75
Dec
14
Jan
Feb
2 14.May
578
25
4 Sep
4 Nov
6
Oct
434
134
Jan
Mar
4 4 Mar
25
8934
34
Feb
Feb
Feb
5
May
147
Feb
34 Mar
4 Feb
18 May
281
Feb
34 J'ne
18 4 J'ly
125 Feb
8
Dec
184 Mar
27
Sep
3338J'ly
Dec
184 J'ly
274 Feb
13 4 Jan
13 Nov
19 4 J'ly
4 Dec
23
6
65
33'8May23
J'ly 24
9 Feb 9
H4-34 Marll
rfl
Marl'z
42
Jan
Jan
1
Jan 8
50
Nov
4
May
9% Mar
Jan 285 May
Jan 24
Before pay'tol assess' ta called in 1902. "BiUaudaaked. ;jNewstook. tAss'tpaid.
44
Nov
4 J'ly 24
27B-'^lHrl
Sep
23
May
5
61
77
1
Mai 185'38Apr
Dec 174 Jan
Apr 8O34 Jan
22
3
J'iy2>s
May
May
Nov 135 4 Mar
508 43 4 J'ly 24 79 Feb 9 47 4 Nov
699 16 J'ly 24 34 Feb 10 21 Nov
Dec
74FeUll
3
334 Aug
100
100 Nov
142 85 J'ly 27 1204 Feb
14J'ne
14-1'iyFebK
4
100
3 Jan 23
1 J'ly 2 1
1 4 Sep
110
8 Nov
9 J'ly 13 1478 Apr 23
795
140 Dec
172 75 J'ly 2^ 190 Feb
•40 J'ly 10
l»ieFeb 9 50 Jail
13-%Mar
1734 Jan 2H 3334 Marl'.
816 80 J'ly 24 100 4 Feb 20 dSi Jan
1,090
50
7,203
1,974
J'ly
934
3734
122 4 Apr 13034
25 Jan 797s
127 Jan
02 4 Jan
334 J'ly 17
3 4 Jan 3
30 J'ly24
Range Con ColOO 10,741 37
39 Daly-We.st
83 4 Dominion Coal
•70
50
18
4
90
lo
<fe
19ie Cons Mercur Gold...
Apr '03 Continental Zinc
5
434
9=8
75
14
»Betor«pay'tof»«8e«a'tacaUeainl903^
9
Lasl Sale] 75
May'03
14
14
U 4 114 104 10-'4 114 114
4^8
14
2
•50
334
14 ••874
•87
Amer Gold Dredging
Am Zine Lead
25
10
25
25
J'ne'03 Cochiti Tr Co rects.. 10
•i)5
14 Last iS'aiel /4
1
5
10
9
J'ly'03 British
Last Sale] 15
344 354
4 34
3
••75
1
5
334
25
164 Anaconda
9
334
Adventure Con
425
420 Calumet <fc Hecla
420
Last Sale] 08
May'03 Catalpa (Silver)
14
15 4
1434
15 4 Centennial
Last Sale 84
J'ly'03 Central Oil
14
6
Allouez
25 1,082
5
40;^ Amalgamated CopperlOO 27,941
84
8
14
534
3844
334
14 ••87 4
64
64
8
•6
5
83
31.
8
1
69 '8
234
3
14
634
54
224
^>4
234
1
1534
42
414 40
41
38 4 38 4
384 39
39
85
824 874 77
814
112 115
112
L15
112
23*
44
1
8
9
17
40
114 124
604 514
18
184
90
15
46
29
2,780
25
2
lUiniiiK
420
li«82 ll^sz
•12
83
44 Last Sale] 4
425
-29
'.'.'.'.'.
214 22
22
4-25
li»3a li-sa
334
-14
2
•70
9
144 15
•74 9
334
'-2
2
••40
404 42 4
3!i4 38 4
84
-334
2
•60
34 44
08 430
•10
85
Last Sale
3
•18
16
430
1%
14
1^4 13
504 51
37
1
•34
214
694
5
3834
3858
•50
254
J'Jy'03
•54
10
18
•50
45
•»28
0^8
'8
•17
23
84
••76
o4
18
834
45
4Xifl ilt-lB
•50
•60
3
64
37
•50
••40
9
83
-Sb"
.
•28
103
Last Sale 80
J'ly '03
13
'124
13
5
23
154
'
54
•60
•10
.
85
8
22
44
693,
13 4
83
85
1024
254 254
29
215
J'ly'03
102
204 22
68% 70
22
13
83
85
•8
23
435
•74
5
5
401^
•90
9
184 17
2
2
•35
•50
9
23
45
434
•44
38%
•50
9
10
•17 4
2
•80
85
J'ne'03
'211
284
Last Sale 8
283,
20'^
683,
25
127
Last Sale 24
J'ly'03
95
954 '954
35
2334
7134
216
Last Sale 9
9
ioi" 104
1034105
28
216
9
r
'210
784 784
e^b
127
'
172
34 J'ly
Aug
S4Aug
117
91
J'ne
448 117 J'ne 8 r22 4Febl,s 115
6,282 128 J'ly 15 109 4 Feb 18 155
84 J'ly 17 14 's Feb 24 12
1,883
1,878 69 J'ly 24 794 Jan 22 73
"15
324J'ly^
Jan
4
21
244
1554 General
7734
19 Dec
704 Dec
Feb 17
292 225
Edison Elec Ilium. ..100
204 Feb It918 150 4 Aug
Electric
100
J'ly
24
30
4334
Feb 20
7.703
Mass'chusettsGasCoslOO
Do pref
100 1,100 744 J'ly 2-1 88% Feb 17
55 I6934 Aug 7 190 Feb ~
Mer^enthaler Lino. .100
14 Aug
24Jitn29
480
Mexican Telephone.. 10
N E Cotton Varu pret 100 151 2434 J'ly 10 86 Jan 2
J'ly 27 139
Jan 2
5 123
N E Telephone
100
9 Apr 24 20 Jan
Plant Comp new com. 100
J'ly
13
237 Jan 9
Pullman Co
407 197
100
9 Mar27 10 Febl3
Reece Button-Hole.. 10
Swilt & Co
287 99 J'ly 27 132 Jan 5
100
10 25 J'uell 2634 Jan 15
Torrington Class A.. 25
Do pref
30 28 J'ly 8 2934 Jan 5
25
134 Jan 12
Apr21
5
Union Cop L'rt & Mg. 25
United Fruit
'7O6 93 J'ly 24 HI Jan 10
100
159 44 J'nell 53 Jan 2
United Shoe Mach... 25
276 28 J'ly 18 31 4 Feb
Do pref
25
756J^'ly^'^ 16% Feb 11
100
US Leather
Do pref
100
6 7S4Aug 5 95 4 May
9% Aug 1 184FeblO
25
U S Rubber
100
Do pref
100 33 J'ly -27 57 4 Jan 9
100
Aug
204
39% Feb 5
100 10,040
U S Steel Corp
89% Jan
Do pref
100 3,403 68% Aug
'50
Jan 14 •80 Mar
West End Laud
25
West Telep & Teleg.lOO "362 1134 J'ly 28 28 Jan 12
J'ly
27 102 Feb 28
80
Do 'pref
100
141
Westing El & Mfg. .. 50
28 85 J'ly 21 108 Eeb 2
110 Jan 29
Do pref
25 834Aug
50
236
33
26
6
7
1534
3-23,_
Aug
Jan 23
235
31% 334 304
774 77
774
76%
170 171 170 175
169 '4
14 14 *1%
1% 1^
1%
32
77
33
77 4
172
Last Sale
'
•10S»4l04
•25
25>4
•28
29
235 235
150 4153
239
155
235
15841614 153
125>« 126
;
236
235
239 239
162 163
33 >4 33 »4
78
7S
•172 175
J'ly27
Feb 11
804 Feb 14
J'ue2o
7 Mar 2
15 Jan 2 24 Mar 4
50
100 8,027 1104 Aug 5 1344 Jan 8
744
7
Oct
Aug
Dec
134 J'ly
Ex-rights. aBx.div.<fc rights
I
J
5
August
Boston Bond Eecord
6, 1903.]
HON us
BOSTON STOCK EXCH'GE
Week Ending jVugcst 7
1908
4»
Am Bell Telephone
Am Telep Tel coll tr 48.1929
1908
<fe
Atch & I^ebraska 1st 78..
AtchTopJi S Ko ten g 4s.. 1995
Week's
)!(/( or
Last sale
J'rice
Avutist 7
J-J
J-J
JJigh
113>.j
Feb '03
97
88
.Vdjastment g 4»....J'ly 1995 Nov
190/ J. II
& LowoU 4s
1944 J-J
<& Maine 4^18
1905 F-A
Improvement 4»
Bost & Mon Sd issue 78... 1904 .M-N
F-A
3^:8.1947
1st
Terminal
Boston
Bost Un Ua» I.-*! fis t r rects-1939 J-J
1939 J-J
3d 5s trust receipts
191>s J-J
BurdjMoUiv ex Us
1918 J-J
Non-exempt 6s
1910 J-J
Sinking tuud 4s
1917
Butte dtBoslou 1st 6s
78.1916
M-N
1st
K
Mo
Rap
ifc
Cedar
1909 J-I)
2d 78
113
114
W
Gt Nor C R & Q
80
114
99
S4
100
J'ue'03
Uio
Apr '01
FA
M-N
M-S
J-J
90
J.J
105
J'ly'03
99
Feb '03
10534
l()r,3.|
98
lOU >6
106
Dec
100
91
.19 la
9SS; Mrtv'03
105
98
103
J'ly '03
126
105
Sale
9734
J-J
J-J
125
125
100
102
M-N
J-D
J-D
A-O
A-O
99
A-O
M-S 107
M-S 105
M-S
125
125S2Apr'03
luo
100
102
103
109'4Mar'02
112i4Jan'03
Sale
Sale
100
97
XO
XO
135
135
88 "a Sale
981.J
125S;127'-'
1,
No iK— Buyer pa.vs accrued interest in addition to the
10734
107
107
1071-jllO
107 »4
135 Si 13-!
137 137 V,
88
94 v
913f. 94
purchase price
Philadelphia and Baltimore Stock
for all
Saturdaij
Avguft 1
August 3
•6578 66I4
66
66
19 14 19 Si
34"* 34 Is
•10*6 107e
"
•19'4 1934
3414 34I4
•lO^B
66»4 *
100
19
34
100
19
34
'Hi's 1078
Boston Bomls.
"
No price
ACTIVE STOCKS
August 6
August 5
66S2
100
*
*
eei*
1S34 19
33=8 34
lOSi IOS2
IS Si 1918
33 Si 34
lOSi
IOS2
J-J
Friday
71
.103
"2212
17e.
7»a
•66
40
l^
8
67
40
'21 78 "2 i'e
'-^^
H
7Sj
7S2
*66
67
40
40
2
62"
"2'l""'2i34
li^is
2
7
714
*66
40
67Si
40
2
62"
"6'i«66iis;;
89 S: 39 Si
39=8 3934
534
5=8
llSa llSi
40 S.
*33
43
83 Sj
40 Si
•5»s
11 Si
5Si
11=%
24
243t,24"iff
•40 Sj
•33 Si
44
85
247ie
*40Sj 41
•33Si 34
41
34
44
85
44
44
84>a 84S.
FH1I.^\ DELPHI A
"6i""6i'4
Amer
Iron
&
Steel
5H,
llSi
2418
34
43
84
Si
Shares
58
IIH.
2334
llSi
231116
1178
24I4
32
Si
45
69
Ry
1st con 5s 1932
1st 5s. '33
5s 1920
M-N
& Peo Tr stk tr ctfs
1%
Elm & WU 1st 6s '10-J-J
734
Eq II Gas-L 1st g 58 1928
H & B Top con 5s '25 A-O
40 14
40
*32
331-.,
43
83 14
21
4234
8234
5,840
4,085
800
Lehigh
62 Si
1914. Q-F
GeuM 41-28 g. 1924. Q-F
Leh
C Ist 58 g '33.. J-J
Leh ext 4s Ist 1948. J-D
M-S
2d 7s 1910
RRs
43 g
107
50
86
51
87 Si
45
94 Si
9434
ISj
2
270
50
.50
4 Si
81
4.-U
Consoles 1923
J-D
Annuity 63
J-D
Leh V Trac 1st 4s '29. J-D
Nat Asphalt os rects..
New Con Gas 5s 1948 J-D
Pa & N Y Can 7s '06. J-D
A-O
Con 53 1939
Con 43 1939
A-O
Penn steel 1st 5s '17 M-N
People's Tr tr certs 4s '43
P Co Istife col tr 5.s'49 M-S
Bid ana asked prices; no sales on this day.
||
Lowest
13
7;9i3
5,491
11,089
6,089
45,676
501
100
1,771
4,211
gold trust ctfs.
Trust certif 8 4s
P <fe E gen 5 g '20. A-O
117Si
M
99
112
109
93
94
103
101
10
10
Mar'02
98 Si
Mange
26
10
76
971.2
102
I02i-2
1
105 Oct 'l>2
100 J'uo'02
102 Mar'02
94S2J'ly'03
102 Si 102 Si
107 Feb'03
100 J'ly'03
93 J'ly'03
103
103
100 Sep '02
101 Oct '02
105V;j'ne'03
102 J'lv'03
100
100 S2
87i4J'ly'01
ami asked.
783*
75
00
'b
103
102
102S>
106 Hi
103
102
106
119
119
1033«
94 Si 961a
Si 106
07 1 07
100 101 >4
92 »8 106
103 111
102
1
105 Si 108
10234 10234
IO4I4
105
102
16 100
114i-2.\pr'03
ll4Sill4S8
H Trust Co. ctfs.
Weekly, Yearly
Range
Year
lor
lor
l^evious
tiiffj
1903
Highest
Lovjest
1
Lowest
IJif/hest
62 14 Jan 74 Is Sep
J'ly 2 7 72 Si Jan 5
J'ly 27 118 Jan 12 104 Jan l25i4J'ly
18 Si Aug 6 28i4Jan 2 23=8 Dec 3434 Aug
33i2Aug 6 45 Jan 2 40 14 Dec 551^ Aug
10S2J'ly24 1414 Jan 3 13 Oct 17 Mar
Bid
97
5934
Aug
377(,Jau
178
Aug
10334
111 113
9734 98
1930. J.D
Ask
97 14
60
105
104
108 Si HI
110 Si
98
9 9 "4
114
59
Inactive Stocks
Atlanta* Charlotte. .100
AtlanCoastL (Conn)lOO
Canton Co
100
103
102
109S!
11312
I20I2
118Si 119
135 Si I36I4
Georgia Sou<fe Fla...lOO
1st pref
100
2d pref
100
G-BS Brewing
loo
Mt Vernon Col Duck
Unit Elec L & P pref .50
155
•-'60
1141^ 117
&
Baltcfe
114i« 116
II3I4
10734 108 V
110 112
&
Anaco.stia
Pot 5s
Atl
Ch 1st 7. ..1907 J-J
Atl Coast L(Ct)ctts 5s J-D
Ctfs of indebt 4s
J-J
Bait C Pass 1st 5s '11 M-N
Bait Fundg 5s. 1916 M-N
Exchange 3Sis 1930 J-J
Refunding 3 SiS 1952J-J
Pistes ml '11 A-O
1st 6s tunnel. .1911 J-J
Bait Trac l.st 5s. .'29 M-N
No Bait Div 5s 1942 J-D
Convertible 5s. '06 M-N
Central Ry 6s. ..1912 J-J
Consol OS
1932 M-N
MS
Ext&Tmp OS. 1932
Chas City Ry 1st 5s '23 J-J
.no
t
Ex-right
Is
Sep
CharlC<feAext5s.'09 J-J
1910 A-O
2d 7s
City&Sublst5s..'22 J-D
City& SubCWa8)lsl5s'48
Col&Grnvl.st6s.l916J-J
Consol Gas Os... 1910 J-D
1939 J-D
5s
Ga & Ala 1st con 53 '45 J-J
Ga Car & N 1 st 5s g '29 J-J
Georgia Pistes... '22 J-J
GaSo & Fla 1st 5s 1945 J-J
G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 M-N
Kuoxv Trac 1st os '28A-0
LakeR El 1st gu5s'42M-S
MetSt(Wash)l.st5.s'25FA
Mt Ver Cot Duck 1st 5sIncomes
New Orl Gas
112
117
101
ii'i"
lis"
West
115
104
105 Si
WH
1
35
92 Si
107
109
85
106
121
109
110
"29i^s'ep
Apr
36
8014 Apr
7934 Sep
38Si Deo
5ii]6
0ct
34 J'ly
134 J'ly
85
Sep
50=8
Apr
91^ Sep
1878 Oct
Funddebt2-3s 1991. J-J
N C con 6s 1914 J-J
WesVa C&P 1st Og'll JJ^
<i-
110
116
112
94
Ask
85
114
96
II2I4 113
108
l08Sa
109 V
105 S^
107
116
112
110
106
108 Ss
luo
113
47
32
102
117
116
47
14
48
16
46''j
2834
1st 58.. Var
N&O P 1st 5s'38 M-N
Norfolk St Ist 5s '44. .J-J
45
North Cent4SiS 1925 A-O
96
J-J
6s 1904
68Si
Series A 5s 1926.. ..J-J
10
J-J
Series B 5s 1926
1h Pitt Un Trac 5s 1997.J-J
38
1st
.J-J
Poto Val
5s 1941.
.SecAvT(Pitts) 5s '34 J-D
Sav Fla (fewest os '34 A-O
96
Seaboard AL48 1950A-O
108
Scab & Roan 5s 1926-J-J
112
.South Bound Ist 5s. .A-O
90
UEl L&P 1st 4SiS'29 M-N
107
Un Ry <fe El 1st 4s '49 M-S
123
J-D
Income48l949
110 Si
Va Mid 1st 6s 1906.. M-S
112
2d series 6s 1911. ..M-S
3d series 63 1916. .M-S
...
4th ser 3-4-08 1921. M-S
113
5th series 5s 1920-M-S
119
102 Si Va (State) 3s new '32. J-J
40
90
68
Apr
1
Jan "5 "23" May
6 Dec
9»i9Jan 2
4934 Jan 2
33 Dec
7934 Feb 5
65 Nov
4578 Jan 30 29 14 Nov
278 Feb
4 Jan 6
I4 Aug
SiFeblS
1 Feb 16
5i6 Oct
7834 Jan 6 7334 Jan
4734 Feb 10 43SiDec
313 Jan
9 Jan 8
8i4J'ne
1778 Jan 5
34iii6Jan 2 26i4Mar
Mid
BALTi:>10KE
'99
M-S 82
Chas Ry G& El 53
Ni)t
Bonds
107 Si
i«Janl0
'2634
2034j'nel0
393i6 Sep
39 78 Aug 6 44iii6Peb t> 40 Mar 45 Ss Sep
32 Si Aug 6 4018 Jan 6 30 Jan 403i6Oct
42 Si Aug 6 4734 Feb 16 32 Jan 4834 Feb
80 Aug 6 116S2Jan31 101 Si May 120 May
24 Jan 8 31 Marll 24 Jan 40 Si Sep
BALTIMORE
80
7
Aug 6
5
Aug 6
1014 J'ly 15
104 Si
s f Ss
3
3734
12134 I22I4
Welsbach
7
ii6J'nel5
i4J'ne 8
59 J'lylo
Terminal 5s g 1941. Q-F
CouM of '82 4s '37-J-J
P W & B col tr 48 '21. J-J
Rocliester Ry con 5s 1930
S R E Side 1st 53 g '35 J-D
U Trac Ind gen 53' 19. JU Trac Pit gen 5s '97 J.J
104
ex-dividend,
J'Iv3(i
115
Ex Imp
IIOI4
'2
5
64
M 6s g 1911.
...J-D
M 4s g '47. A-O
Con
118
106
70
15
10234 Apr'03
100i4Sale
118
118
20
J'ne'03
98
i02i-jsale
Gen M 4sgl920..A&O
106
Ph & Read 2d 5s '33. A-O i23 14 126
Con M 7s 1911
J-D 12034
No Penn
Consol 6s c 1905. ..Var
Consol 5s r 1919. ..Var
Penn & Md Steel con 6s.
205
PhU Elec
Newark Pass con 5s 1930 113
NY Ph & No 1st 43 '39 J-J 99 Si
Income 4s 1939. ..M-N
1st 4s '36. .M-N
Jt-S
Deben 6s 1905
Penn gen 68 r 1910--Var
7,457
119
7,991
Nav
PHILADELPHIA
F-A
3.3S2-4S 1943
Nav 4SiS '14. Q-J
82
4Si
lOu
50
5U
MarsdenCo
100
Asphalt
rects
Nat
Tr Co
50
Do pref Tr Co rects 50
Pennsylvania RR
50
Pliiladelp'a Co (Pittsb) 50
Philadelphia Electric. 25
Phila Rapid Transit ... 50
Reading
50
Do 1st pref
50
Do 2d pref
50
Union Tracton .....
50
United Gas Im'pt
50
Welsbach Co
100
Ask
Mid
Indianapolis Ry 48.1933
Interstate Rya—
V
V
N
•
11
2238
39^8
32 Si
jionds
Al Val E ext 7s 1910 A-O
AmRysconv5s 1911. J-D
Atl City 1st 5s g '19. M-N
Balls Ter 1st 53 1926.J-D
Berg<feEBrwlst6s'21J-J
BetlUe Steel 6s 1998. Q-F
Keystone Telephone ..50
Coal... 50
534
Elec
Preferred
50
Lit Brothers
10
Little Schuviklll
50
Minehill <fc Scliuyl H..50
Nesiiuelioning
50
Haven Iron & Steel.
North Penn.sylvania..50
Westmoreland
5I4
PHILADELPHIA
E & A Ist M
Sm Pow & Chem.50
Prbferred
2
609i8"6"i"
38
38Si
42 Si 42=8
80
83
711-.
50 66
10 100
pref
Lehigh Coal &
3914 Lehigh Valley
51^,
Ask
100
50
Warwick Iron & Steel. 10
West Jersey & SeaSh.50
4234
82Si
Do
14
65
64
39
3818
40 S>
70
20
10
75
12314 12314
102 102
Apr '03
Week
Gas
Northern Central
Seaboard Air Line
3734
5
ConTracof N J
Harrison Bros pref. ..100
Indianapolis St
100
United Trac Pitts
4234
8IS2
Col St
State Steel...
Preferred
Easton Con Electric... 50
Phila Colpitis) pref.. .50
Phil German & Norris.SO
PhUa Traction
50
Railways General
10
Susqueh Iron & Steel..
Tidewater Steel
10
tJnitetl ;.' J RR & C. 100
Unit Pow & Trans
25
40
40
•32 Si 33
J'ue'03
104
103
102
50
^ Jan 10
Do pret
50
"21" Cambria
Steel
50 6;72S "20"'Aug"6
334 Consol Lake Superior.. lOU 10,738
138 J'ly 30
"26^1
3
III4
Che & D Can 1st 58 '16 J-J
Choc & Me 1st 53 1949 J-J
Ch Ok & G gen 58 '19 J-J
Diamond
Pennsylvania Salt
50
Pennsylvania Steel. .100
Preferred
100
11
102
118
loo's Mar'(l3
103 J'ly'03
102 J'ly'03
112 May "01
10018 Oct '02
119 J'ly'03
Daily,
Sales
the
100
50
100
100
Do pret
lOSi lOS- United By c& Electric. 50
*18
66 Si
46 Si
Inter
53i8
11
22^8 23»i6
J'ly '03
102 J'ly '113
105 Feb '02
102 S2 102 Si
01
6578 Consolidated
100
1878 19
33^8 34
178
5Sj
44
Germantown Pass
67Si
3878 3914
Si
2l8
11 '-i
2338
Bell Telephone
Preferred
39
"6o""6'i"
American Railways. ..50
Electric of America.. .50
Elec Storage Batt
100
2l8
27g
10
*66
67Si
5 Si
10
50
50
50
Camden & Trenton
10
Central Coal <fc Coke.lOO
Preferred
100
50
Consol Trac Pitts
Preferre<l
50
Danville Bessemer...! Si
238
8S2
8I4
684
60i;e"6034
38 Si 39 14
£id
Cambria Iron
2m
2
•66
39
3l."2
3914
Inactive Stocks
American Cemeut
"20" "201^
*20i.r2i"
ibsv
102
98
.
Philadelphia
American Alkali
•22"
115
li>8
Sale
latest bid
;
J'ly'03
Baltimore
*65i4
'*95
100
•
Stocks see below)
August 7
J'iio'03
Jan 1939
Jan 1939
(For Bonds and Inactive
jnesuay
Augtist 4
A-O
Exchanges— Stock Record,
Share Prices— Not Per Centum Prices
98
Feb'03
100
110
115
Jiii/lt
97 Sj 106
97 IOIS2
130 130
100 104
110 112S>
115 124 14
96 Sj 99
so
91
106>e 108»a
61 IO8S2 llli«
101
104
J'ly '03
OUSiMay'OS
SO
80
106»8M»v'03
1912 A-O
4s. .1911
Ao Low
High.
12
98
130
Since
Januarti 1
=
5
123i4.A.pr'03
FA
i-j
1121411214
100 1033,
95% 100
105
.
115
95
82
108
J-J
J-J
J'ly
Istcons inc38
J'ly
cons ino 38
.Mtrh Telep cons 5s tr roc.li>29 J-J
Mlune Gen Elec con g 58 1929 J-J
1929 F-A
New Eug Cot Yarn 5h
1906 A-O
New EugTeleuh 63
1907 A-O
63
1908 A-O
t>3
rj8
1915 A-O
^_
^
N"Y&N"Eug"lst78.'I"II!Il;t06 J-J
1905 J-J
1st 6s
1924 F-A
Old Colony gold 48
oreg Ry <V! Nav con g4s..l946 J-D
1922 F-A
Oreg Sh Line Ist g 6s
Repiib Valley 1st s 1 6s. ..1919 J-J
190" M-N
Rutland Ist 6s
Rutland-Canadian Ist 4sl949 J-J
Savannah Eloc 1st cons 58.1 952 J-J
1930
Seattle Elec 1st g 53
Torrington 1st g 5s
1918 M-S
Union Pac RU & 1 gr g 48-1947 J-J
1911 M-N
Ist lien con v 4s
United Fruit conv gen 5b. 19 11 M-S
Vermontifc Mass 5s
1903 M-N
West End Street Ry g 5s.. 1902 M-N
Gold4H.s
1914 M-S
1916 M-N
Gold debenture 4s
Gobi 4s
1917 F-A
Western Teleph & Tel 58.1932 J-J
Wisconsin Cent Ist gen 4sl949 J-J
Wisconsin Valley 1st 7s.. 1909 J-J
12s
100
102
101HiJ'ly'03
95^2 J'ly '03
108 J'ly '03
105 J'ly '03
10078 Mar'02
lll»4M.iy'02
135S2J'ne'03
137 Mar'03
89
88
106
9l38J'lv'03
.M-S
Si
Ist 78. ..1912
J<1
102 ^
96
,112
Hough AOul l8t68.1925 A-O
Mexican Central cons
98
99
90 Vi 96 lo
90 1^
90 Vj
A-0
Maine Cent cons
Cons 1st 48
97
Sale"
100
lst78. .191)8 J-D
.
ill
99
XO
5s...l!l2.') .\-o
KanCSt Jo<fcC B 1st 7s. .1907
L R & Ft Sm hi gr 1 st 78. .1905
115^
10534
99I8
102
"9S)i^Salo
Sioux C
A Spr 1st
Ask Low
98"
A-O
19'
M-N
Kan C Ft Scott cfc M 6s
1934 MS
KanCM«fc B gen 4s
Mar 1934 Spl
Income 5s
Kan C & M Ry * Br Ist 581929 .v-o
132'4l32 4
I17»4ll7l4
8278 88
100 101»4
J'ly '03
ifc
Clin
Hanye. or
Last sale
August 7
1910 J-J
5s... 1913
1st 7s.. 1917
KauCFt SitGuU
Uj
"99i4"99'-j
117>4 Feb'03
M-.N
92
4.
J'ne'Ol
132 '4 Mar'03
x-o
\-o
Kan C
.Marq
May'OS
il'Ji.-
100
1921 J-J
1921 Q-J
coll Iv 4s
Registered 4s
'03
Fob '03
114 J'ly'03
105 "-J J'ly '02
997'";:;;
la Falls
101 101
113>-2ll3H.
1023^,113
Jan
iHl'o l<'i-b'()3
,
AG
B& W
86
deben 5s
Nonconvcrt deben
97M013j
12634 -•^pr'Ol
9978 Jan "02
Mar'03
101
1131-j
Illinois Steel
tMlV
3 '.J 98\
llSi.jllS'.j
•
9734
Sale
1
Xange
Week's
fyidai/
Bid
>73s
953fc
9S »«
S8
88
104 S> Apr'OO
98
Boston
Boslon
Cent Vemit lat g4s..Mayl920
1903
CliicBiirl& Q IstVs
1919
Iowa Div IstSs
1919
lownDiv 18148
1913
Debenture 5s
1922
Denver Kxlen 4s
1927
Nebraska E.\t«n 49
1921
St 48
S
1949
Illinois Div 3 "-js
Joint bonds Hee CJt Northern
Clllc Jc Ky ifc Stk Yds 5s .1915
Coll trust ri-funiiing g 4sl940
Oh Mil <fc St P Dub I) 6s.. 1920
Ch M it St P %Yi« V dlv 6sl920
ChiCiS: NoMicli Ist gu 53.1931
Chic & \\ Mich gen 5s. ...1921
Concord & ilout cons 4s. .1920
Coun<k Pass R 1st g 48... 1943
1927
Current River 1st 58
1st 48... 1946
Det Gr Rap &
1913
Douunion l\)al Isl 6s
1906
Eastern let gold 6s
1904
ritchbiirg4s
1927
4s
Fremt Elk & .Mo V 1st 6s.. 1933
1933
Unstamped 1st 6s
Januani
Aak- Low
Hid
9710
97 Si Sale
947*
96
95
.\-o
BONDS
BOSTON STOCK EXCH'GE
Week Endlno .august 7
Kaniie
Since
A'a
291
Weld 5s. .1935. J-J
96
102
108
103
115
115
110
105
117
112
77
106
83
100
106
110
77%
108
84
9234 93
62 14 62 Sj
104
110
116
114
107 110
89
91
89
91
112 114
109 Si llOSj
115
120
.
— ———
—
.
Volume
Exchanges
of Business at Stock
TRANSACTIONS AT THE
Week ending
Aufutt 7
NEW YORK
Stoeki
a s
Bonds
StaU
Bonds
Jte
Bonds
$492,000
930.500
$3,500
10,000
53,776,550
3,800,000
4.00O.000
5.210,500
2,107.000
3.651,546 $337,000,760
$16,272,000
$13,500
Satrutlay
13i).309
MoBday
200
Tuesday
$12,502,660
32S>
li),6o0,400
648.071
lU.5'.>9.4i'0
1,0->1.
SU
977,488
663.938
Thurstlay
Friday
Total
Sailroad
Par talua
SAarts
We^lnestUy
STOCK EXCHANGE
WEEKLY AND YEARLY
DAILY,
Sales at
rork Stock
i>t'..840.8r<()
'.)2.020,900
January
Week ending August 7
Exchange
1902
1903
1 to
August 7
1903
1902
[Vou LXXVII.
tJiis Securities
i>'iel
Indianupohs G:»s stock ."lO
00
1st Os 1920
M-N 105
Jackson Gas Co
50
81
osjr 1937
.\-0 5100
Kansas City Gas
1 00
17
.\-o 5 90
?;53 1922
Laclede Gas
100
'f referred
100
80
Laf.ay'eGaslst 0s'24.M-N
00
l.ogcfeWabVlst 6s'2.5.J-t>
02
Madison (las Os 1920. A-t> 5100
Newark Gas Os 1944. Q-J 5130
Newark (^>usol Gas. .100
5s 1948 See Stock Exch list
0<S;IudCNat>fc III .100
8
1st 6s 1920
50
J-l)
Providence Gas
50 tlOl
St Joseph Gn« 5s 1937. J -.1
ss
StPaulGas Gi-n 5s'44M-S
87
Syracuse (las 5s 1940. J-J i 93
United Gas & Eleo(wi)10
1^8
United (ViusAEleo.NJ 100
Preferred
100
TelesT
Am De For't Wireless! 00
1IAmerTeleg& Cable 100
BeUTeleph of Butlalo 100
BONDS
aoTernmeat bonds
ChesA PotoTeleplu.lOO
$7,000
20.000
9.442.700
$13,500
State tx>nds
RR. aud mis. bonds
Total bonds
16.272.od6
$16,285,500
$9,409,700
$566,300
$9,101,250
358.000
406.843.000
1,380,400
661.929,100
$563.875,80U
$416,362,850
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
liH/3
Listed
VnlUUd
Bond
sharer
shares
sales
Monday
Wednesday .
Friday
Total
Bond
Dnlisted
shares
sales
626
593
21.205
17.524
26.827
16.024
5,500
12,463
11,199
27,635
34.260
28.236
2,443
13.738
13,406
10.021
5,220
$8,300
69,500
4S,900
50,100
71,000
64,000
94,277
61,582
$270,115
119,293
45,354
$311,800
Outside Securities
A
Weekly Review
oj Outside
Street KaiUvnys
NEW YORK CITY
Ful F stk 100
Bleeck St
Market uriU
be
70
&
So.-Vmer .100
68 1909-29
J-J
Street Railw^ays
Ask
Grand Rapids Ry
100
100
Bid
Ask
46
62
90
20
28
!19
05
65
110
137
73^
12
54
93"
90
90
•>i
40
90
1
5
82
loo
100
39
100
100
I1 Diamond Match Co. 100
Dominion Securities. 100
Electric Boat
100
Prelorred...
100
Eloctnc Lead Reduc'n.50
Preferred
50
Electric Vehicle
100
Preferred
100
Elect ro-Pneum'ioTranlO
Empire .Steel
100
Pveferreri
100
Fuel Oil Power
100
1!(ieneral Chemical ..100
li Preferred
100
Gold Hill Copper
1
Gorham Mfg Co com. 100
Preferred
100
Greene Con.sol Copper. 10
Gujrgenheim Explorati'u
Hackensack.M eadowslOO
Hall Signal Co
100
Havana Commercial. 10(
Preferred
100
Havana Tobacco
72
130
P4
2 '4
5
3
90
3
M-N
Houston
04
98
Hudson Realty
101
Interboro
e list
Intcrnat'lBankingColOO
Merc Marine. 100
Preferred
100
Col tr deb 4'2l922op'07
International Salt
100
S2
11,3
7
KT
1034
t
115
6
109
list
"-2
)
M
LE
W
Am
NY GEL H&P
j
NY
N
1
'
6
90
24
50
28
20
40
97
1
3
30
40
8
4
5103
106
7
5
32
37
120
97 "a
160
100
95
135
4
(full paid)
5
17
20
97 >v 100
10
11
39
41
15
30
N
B&NYlstOs 1911.J-J 107
Con 5s 1948 See Stock Exch
N Y A E R Ferry stk. 100 82
1st 5s 1922
M-N 92
N Y&Hobcon 5s '46. J-D 102
Hob Fy Ist 5s 1940 M-N 5109
N Y' A N J 1st 5S 1940.J-J 104
35
90
170
170
160
100
^
Exch
t
1^
Bayer pays accrued
lnt«reat.
1
Price per share.
t
Sale price.
a
Bx rights.
1|
Sells
a
list
8Vj
160 170
295
34 »2 36
115
Madison So Garden.. 100
10
30
2(1 Os 1919
M-N 60
Manhatt^m Transit
20
2
2'(»
Mex Nat Construe. pflOO
Monougahela R Coal.. 50
Preferred
50
100
100
Preferred
100
lINat Enam & Stamp 100
100
li Preferred
National Surety
100
NewBrunsCannelCoiil 10
20
UNew Central Coal
New Eng Con,sol Ice. 100
4
lO"*
t
37
Mosler Sale Co
National Carbon
N Y Biscuit Os 1911. M-S
N YMtge& Sccnrity.lOO
UNew Y'ork Dock. 100
llPreferred
100
N Y Transportation. ..20
Nicholson File Co. ...100
Nor -Al.ju Lum'r & PulplOO
100
100
100
50
50
100
100
100
TJOntario Silver
Otis Elevator com
Preferred
Pittsburg Bcewing
Preferred
Pittsburg Coal
Preferred
Pitts Plate Glass
Pratt & Whitn pref. .100
100
Procter* Gamble
1 00
Preferred
Realty Assoc (Bklyn)lOO
Royal Bak Powd pref. 100
Russell <fe Erwin
25
Safety Car Heat<fe Lt 100
Seminole Mining
5
Simmons Hardw com 100
Preferred
100
100
2d preferred
Simpson Crawford Co 100
Deb s f Os -24, op '05.. J-J
Sinner Mfg Co
1(H)
Standard MUling Co.lOO
Preferred
100
6
t
102)2
23iu
22
93
20
80
80
94
25
88
4
t
47
49
112
120
10
43
4
t
159
115
130
20
54
O'
4V,
8
2
4
t
t
28
87
31
45
26 >2
109
90
t
01
165
"2
f
46 >Q
2534
1
126 >9
130
125
35
86
360
5
23
72
600
37
28
75
330
3
19
5s
Standard Oil of N J. .100
Standard Coupler com 100
100
Preferred
50
Storage Power
Swift & Co .See Boston St
1st 5s 1910-1914. ...J-J
Tennessee Copper. ..'..25
UTexas & Pacilic Coal 100
1st Os 1908
A-O
Title Guar & Tr (new)lOO
Title Ins Co of N Y..100
Trenton Potteries com 1 00
30
91
84 14
130
100
305
203
110
99
63
170
95
350
200
590
30
136
125
h
k
»»
Exc
5100 >2 lolT
26
28
f
90
98
5106 107%
426
16*
13
16
100
Preferred new
82
86
90
Trow Directory ue w. 1 00 80
'•
10
Union Chopper
»4
Union S witclicfc Signal 50 t 85
105
50
Preferred
Union Typewr com. .100 102 108
110
115
100
Ist preferred
100 112
115
2d preferred
100
1% 3
U S Cotton Duck
30
20
U S Envelope com. ..100
71
100
6«
li Preferred
.
f
1
US Light*
Heat.... 10 t
5)2
Refining .100
100
UPreteried
11U S Shii)biiilding ...100
100
liPrelerred
Bonds— .See Stock Exc hUst"
TIU
S Red
O"!
<fc
US
89
Sliver Corp Os
.See Stk E X lUt
107
Col tr 53 Ser B & D 1 95
Universal Tobacco. ..100
IH
>a
5
PrefeiTed
100
2
Westingh Air Brake.. 50 tl47
9
White Knob Mining. 100
8
Worthing Pump pref. 100 112 116
U S Steel Corp new 5s
I
i
17
125
5
Int'n'l
Chicago Edison Co... 100 142 148
Preferreil
100
Edison El lllBik4s
Y Stock Exch
1st Os 1948
J-D
83 14
!'Gen El deb g 3133 42 PJohn B Stetson com.. 100
H.artford (Ct) Elec LtlOO 225
Preferred
100
175
n KingsCo El L<fe P Co 1 00
KitchenerGold .Min'glOO
Narragan (Prov) El Co 50 tlOl
Lack Steel 5s See Stock
NYifc y El L&PowColOO
35
45
Lanston Monotype
20
Preferred
100
07
75
Lawyers Mort Insur.lOO
Rholsl Elec Protec ColOO 130
Lawyers' Title Ins. ..100
United Electricof JlOO
16
17
LightFuelcfeP of WValOo
64 12 65 >o lILonllard {P)pref ...100
48 1929
J-D
I4
129
128
I8tg53l951
Brooklyn Ferry stocklOO
70
100
>8
f
100
100
Oil
PrefeiTed
125
u
10
Hoboken Land<& ImplOO 200
1910
1
10
49
Herring- Hall-MarvinlOO
1st preferred
100
2d i)ief erred
TOO
1!58
.
134
3
U
t
95
53
J 22
ISO '4
20
20
40
5
15
30
26
120
85
102''4
10 "-J
International Silver. 100
KB
W
Sh&En BldglOO
,1'rcli'rred
I'rclened
100
10334 lOl^i Hecker-Jonea-Jew'l Mill
149 105
1st Os 1922
M-S
Companies
I
M
Cramps'
Co..lO(i
.
Ask
liCrucilile Steel
^0
Preferred
33
34
<fc
83
99 100
Indianapolis St Ry iSrfe Phila list
Tll8tmort4s 1950 ..J-J
94
Hob
..100
245
247
J
C
18
7th
Ave
stk
<fe Pater8on..l00
<fc
103
TiB'y
15 J
100 100 b
48gNovl 1949. ..M-N 73»a 75
"list mort 03 1904 ..J-U
110
534
Lake St (Chic) El stk. 100
|t2dnjort 5s 1914 ...J-J 102 Hi 105
108
flOlis
Exch
list
1st
53
1928
J-J
Stock
See
1943
Jon 5s
1021a 10th <fc 23d Sts Ferry 100
50
00
B'way Surt l.stSsgu 1924 noo 110 tlLouisv St5sl930..J<feJ }n4 117
1st mort 5s 1919. ..J-D 5104
107
2d 5s iut as rental 1905 i 98 "a loo's Lynn<fe Bos Ist 5s '24. J-D J116H: 118
36
37
H Union Fen-y stock .100
266
Alinneap St Ry 58 See Stk Exch list
HCent'l Cro.ssl'n stk. .100 205
95
Hist 58 1920
M-N 93
...M-N
122
NewOrlRysCo
100
1034
03
1922
n2i
Ijlst
Railroad
210
Preferred
100
stk. 100 205
36
40
llCenPkNA
J-J i 8l»4 82>.2 Chic Peo <$! St L pref. 100
188
4'i2S 1952
9
llChr't'rtfc 10th St stk 100 181
5
North Chic Str stock. 100 100
Colife 9th Ave OS See Stock Exch list
Prior lien g4»2S'30M&S 5106
108
1st
120
J-J
90
stk.
100
110
58
1909
97
B<fc
3
i
Con mtg g 5s 1930.J&J
93
HDry D E
North Jersey St stocklOO
19
20
22
Income 5s 1930
20
Hist gold 5s 1932.. .J-D 108 109
103 Hi
M-K 74'<i 75
43 1948
Ch R I & Pac 58 See Stk Exch Ust
flscrip 53 1914 ....F-A 103
Pat Rycon 68 1931. .JD 5124 126
410
St. ..100 405
Erieconv4sAprl'53A<feO
86
87
Ti Eighth Avenue
2d 03 1914
A-O no5
22
23
UScrip Os 1914 ....F-A 105 109
H Nat RR of Mex 2d pf (%<n)
415
Rochester Ry
100
74 Hi 76
8534
1142d<fc Gr St F'y stk.. 100 410
Northern Securities,. 100
85
Preferred
100
96
99
& St N Av 100 70 75
Pitts Bess&
30
34
50
1J42d St
Con 53 1930 See Phila hst
109
Preferred
70
75
5l8t mort 6s 1910 .M-S 108
50
J-D
JJ
100
2d
53
1933
5104
1915
96
105
income
6s
30
Va <fe Southwestern.. 100 20
Tt2d
97
LexAv & Pav Fos Se«St k Exc list So Side El (Chic) stk. 100 95
Industrial and I>Iiscel
Metropol Securities See Stk E .xUst Syracuse Rap Tr os 1940 ?100 102
17
18
Metropol Street Ry See Stk E s list Unit Rys (St L Trans) 100
.4.11iance Realty
100
103
13I2
Preferred
100
64
65
100
12
Ninth Avenue stock. 100 190 205
T].\llis-Chalmers
Gen 4s 1934
See Stk Exch list
Second Avenue stocklOO 213 215
liPreferred
100
85
105
U nit RysSan Fran SeeStk Exch list TIAmer Bank Note Co. 50 t 50 54
Tllst mort 5s 1909 M-N no4
4 '4
Wash Ry & El Co.. ..100
10
.^.merican Can com. ..100
ConsolSs 1948.... F-A «113 114
4
Preferred
100
100
175
180
3642 3712
Avenue
stock
-..100
Preferred
36
38
USiith
48 1951
J-D
72
7212 American Chicle Co.. 100 100
115
Son Boulev 53 1945.. J-J nio 111
HWest Chicago St ....100 554 57
Preferred
85
92
100
So Fer 1st 5« 1919.. .A-O no5 108
•2
HCong 58i936....5I-N 5 80
85
.Vmerican Elevated.
Third Avenue 6ee Stock Exch list
3I4
4'2
1U2S
107
108
P & M 5s
Amer Graphophone...lo
Tarry
S
Preferred
10
y kersStK K 58 1946A-0 108 109
Gaa i^ecni'ities
Amer Press As.soc'n.lOO 85
95
28th & 29th Sts Ist 5s '90 112
410
TJTwenty-Tli'd St stk 100 402
Amer Shipbuilding. . . 100
NEW
YORK
J-J
102
103
9734
Preferred
100
99
Deb 58 1906
•2
Cent Union Gas 1st 5s... 5104 107
Soda Foun com. .100
4
Union Ry Ist 5s 1942 F-A 115 110
Con Ga.3 (N Y)8tk. 6'ee St k Exc h list
75
1st preferred
100
80
Westchest Ist 58 '43 J-J 108>2 109
Equit Gas con 58 1932 See Stk E X list
15
19
2d preferred
100
BROOKLYN
100 275 300
lIMntual Gas
.American Surety
50 100 170
New Amsterdam Gas
98
.\m Strawboaril Os...F-A
Atlan Ave 5» 1909.. A-O 5103 104
A-O 110
l«t consol 53 1948.. J-J 5105
100
Amer Tobacco com ... 50 225 275
Con 03 g 1931
See Stock Exch list
^Preferred
100 137 150
Impt 5s See Stock Eic li list
1933.
.A-O
101
&
East
lliver
Gas—
E
53
102
Y
30
35
N
.Vm Typefo'rs com... 100
B BA
90
1st 5s 1944
J-J 5108
111
Preferred
100
95
Brooklyn City stock. ..10 233 236
234
J-l 5105
Consol 53 1945
108
Amer Writing Paper. 100
3
Con 08 See .Slock Kxch list
I2I4
Nor Un Ist os 1927. M-N 5103 107
100
Preferred
Bkln Crosstu 5s 1908. J-J io:j
A-O
130
69)2
lOo
com
..100
BknH!!t8lst5sl941
107
liStandard Gaa
140
J..1
70
5a 1919
llPreferred
100 150 100
^Barney&SmCar ...lOo 15
25
Bkln Q Co & Sub See Stk Excli list
M-N 5113 117
Ist 58 1930
100
132 "i
1: Preferred
Bklyn Kill' Iran See Stk Excli list
J-J i HO
Bli.ss Company com
50 140 100
Ret li in -'002
OTHER CITIES
5()
140 160
110
Preferred
TiConey I.s. <fe Bklyn ..100 38o
573, CO
95 100
Araer Light <fe Tract. 100
I',ond& Mtg Guar.. ..100 300
let cons n iH 104S..J-J
Preferred
100
88
93
Borden's Cond Milk.. 100 112 116
ErkCA -N' .J3 rj:i9.J-J 113 115
Baltimore Consolidat .S'ee Bait list
Preferred
100 103 100
GrSt&New l^tis'OO F-A 102
»4
St
Ist
Or
105
&Lonnier
Bay
State
Gas
50
t
h,
Gr'pt
3X6 Camden Land
Biuiriiainton Gas 5s 1938 5 92
95
Celluloid Co
1 On 115
UK's
Kings Co. Elevatejl
5
20
23
Bulhilo Vity Gas stocklOO
7
Cent Fireworks com.lOi
Ist 43 1949 See Stock Exch list
..100
CO
100
83 K, 84
1st 58 1947 .See Stock Exch list
Preferred
04
Nassau Elec pref
2>-.
;f;bicrigoGas
Exch
2
A-O
110
.See
Stk
list
Foundry
100
Central
5s 1944
9
95^4
Preferred
100
13
See St k Exc h list Cincinnati Gas & EleclOO
Ist 4s 19.>l
5S
93^6 95
52
Col Gas h & Heat com 100
Wb'!,'<fcFUitl8tex44h 103
104
Deb Os iniy op 'OlM-N
115
Preferred
100 100
118
95 102
Century Realty
100
Steiiiway Isl 63 1922. J-J iin
Consol (ias (N J) stk. 100
17
Cnesebrough :\lfg Co 100 440 400
50
48
Ist 5s 1930
87
J-J
f;hlc Pneumatic Tool. 100
89
OTBERCmEa
90 100
Consura Gas (J City)
lI(;iaflin(H B)l8tpref 101)
100
90
1.3t Os 1904
100
M-N 5100
%2il preferred
Bnftalo street Ry—
97
43 '2
100
^Detroit City Gas
85
114
50 f
TtComiiion
Ist consol OS 1931. .F-A «112
05
00
Es.sex <fc Hudson Gas 100
90
90 . Col & Hock Coal&Ipt 10(1
A.O ?104 107
Deb 03 1917
80
Fort Wayne Os 1U25..J J
J-J 5 84
64
Ist g 58 1917
Chicago City Hy stk. 100 108 172
68
3,
1'8
100
Compressed Air Co. ..
!;Ga8 & El Bergen Co 100
Chic UiiionTrac ^e.St'ck Kxch list
70
60
Grand Kapids Gas
Consolid Car Heating 100
loo
CleveL,!.
::y
95 105
35
25
1]l8t 53 1915
F-A 5102 104
CleveLi
Ity.lOO
72
TiCons Firew'ks com .100
100
65
65
Hartford (Ct) Gaa L...25
91
48
iiy.AOii
8'J
Colnmo
li Preferred
234
Ltg&Kefrig.lOO
3
Hudson Co Gas
100
ConsRy
68
60
Freferrfc.l
100 103 104
»2
.100
I''
Rubber
Tire.
1949
.See
Stock
Consol
list
5s
Exch
list
Ry
con
ila
Colnin
58 See Ph
g
9-2
Debenture 48
Indiana Nat & 111 Ga.3
Crossd'wn l8t58'33.JD J 108 109
10
l8t 68 1908
M-N 63
Cons Storage BatterylOo
58
Detroit United Hy .See Stk Exch list
I
Bid
103"
Ferry Companies
Bid
.Uiscel
275
N
/ound on a preceding page.
and
107
77
98
95
36
TlCommen-lal Cable ..100
Commer Un Tel (NY). 25 112
Emp & Bay State Tel 100 75
Franklin
47
100
HGoldA Stock
100 U8
II41U8, 1905
Hudson RiverTelephlOii
85
MarconiW'ireless Teleg.T)
UNorthwestern Teleg. 50 126"
UN Y<feN J Telepho .100
58 1920 .See Stock Ex Chans;
78^
Pacific & .Atlantic
25
Providence Telephone 50
TiSouthern & Atlantic 25 100
Tel Tel <fe Cable of Am 1 t
Electric
liidiistrini
Consol Tobacco
100 250
Continental Tobac deb 7s 5100
.
$64,000
30,500
49,015
91,000
26.000
16,600
4,039
8."^.
Thursday
Listed
shares
1.718
3,201
12,648
18,869
13,762
11.384
Saturday
Tuesday
Philadelphia
Boston
HCentral
Ask
& Telephone
2.611,043
100,631.237
100,878,874
S took s— No. shares
8,651.546
$337,000,760 $242,247,176 $9,418,007,350 $10,101,617,075
Par value
$422,350
$399,700
Bank shares, par.
#17,500
Weekending
August 7
1
THE CHRONICLE,
iJ92
Ifete
A5
on Stock Exchange, but not a very active security.
,
AuausT
8,
. .
.
.
THE OHHONICLE.
1903. J
293
luutstmcvit and lljaihoad lutclltgcuce*
RAILROAD GROSS EARNINGS.
The following table shows the gross earnings of every Stkam railroad from which regular weekly or monthly returns
cau be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
colnmns the earnings for the period from July 1 to and including such latest week or month.
The retiu-ns of the street railways are brought together separately on a subsequent page.
luly
Latest GroiS Karninfis
ROADS
MoiUk
Latest tiross Hangings
Dale
i^euioiis
Vtirreni
V-rfoiotts
Year
Year
Ysar
Year
52,329
39,050
157.318
119,501
^^eelc
or
to Latest
1
ROADS
1
tu
II et'.lc
CiirreiU
i 're 010 us
Uxirreiu
or Montii
Year
Year
iear
7.337
27,751
June
Latest
82,983
Maryl'd & Penn.. May
79,000
41,000
34,000
69,000 t.Mexican Cont'l.f IthwkJuly 667 .046 461.754 l.'999,905
N Oi.t NoEast. ;d w kJuly
1 l.OOO
30,000
15.000
27.000 t Mexican litem. ,)UU6 ..
554.431
485,583 7,152,994
A\*& Vicksb'g _M kJuly
I'.
ly.ooo
17,000
38,000
34,000 t Mexican lly
Aid
w
kJuly
105.400
90.900
250,200
WkJiily 18
Vickt<b SU
inc.
Inc.
516.175
VuUey
•lay
58,766
18,165
18.993
61,130
Alleghouy
Mex loan Soulli'u 3d wk July
162.071
55,315
50,232
139,943 .Millon A; So'w'ii.
Uh wkjiily
3.212
46,799
3.210
line
Auu Ait-'or
5.256
51,484
5,620
55.388 Mineral Ranjjo.. IthwkJuly
16,319
16.393
48.72
AnnWasliA Bal. Feb ruary
4,487,(500 4,444,282 62,350,396 59,135.035 .Miiuieap A St L. tthwkJuly
ine
81.4.59
239,389
105.862
AtcliXoii &S Ke. Ju_
560,4'
243,040 220,S-J0 2.915.530 2,704,175 M 8t P& 8 St M. IthwkJuly
160.378
160,790
AtUoitu^ Char.. May...
Gl,2ti0
No. Jiuio ..
47.264
705,437
621,166 Mo Kan <te Texas ithwkJuly 490,013 462,619 1,327,102
Atl KiiDXV
270,112
2G.2Gi;
15.913
147.470 Mo Pac& IronMt ItUwkJuly 1, 385,000 1,231,000 3,3 41,000
Athiutio & Hirm .luue ..
a 700,703 <16S2482 (19,676746 a7,»>3il668
123.000
Atl Oou-st Ltiie... June ..
61,000
45.000
Central ISrancli IthwkJuly
113.25
13,417
8.297
97,Oi6
Bait J: Anil SL.. .May...
4thwkJuly 1,440,000 1,279.000 3,464,000
Total
5,835,860 5,088.296 63,449.633 57,889.611 Mob Jack & K C. WH July20
June
27,512
Bait A Ohio
6,966
4.234
155,300 146,337 1,639,010 1,568,181 .Mobile & Ohio... Juno
531.457 538.396 7,483,291
BauKor A Aroo.Hl May.
2,251
33,436
1,641
34.525 NaahCh & St L.. IthwkJuly 277,001 213,788
ButhXiriim'dsp't June
810.287
57,;t61 ;Nafl RRof Mex IthwkJuly
6.109
67,039
4,705
Bellolonte CeuL'i June
319,533 •^10,932
923,405
3,156
44,284
37,689 Nev-Cal-Orei;on. June
3,168
195.642
Brliliit Ji Saoo K. .M;iy
16,963
16,550
253,832 197,448
716,054
612,088 Nevada Ceuiral.. May
Bull Kocli& ri.t> 4thwkJuly
3.228
36,523
2,919
920,936
83,194
73,724
772,157 N Y C & Hud Riv luly
Biulalo ASusq... .M ay
6,849,464 0,036,838 0,849,464
60,200
173.900
82,600 N Y Out <fc West, May
29,100
Caoadiau Nortli.. 3d wkjuly
621,952 370,758 5,533,813
CaDadiau Paclli*. -ith wkjuly 1,324,000 1,160.000 3,914,000 3,246,620 .f Y Suaq & West May
283,447 163,016 2,377,980
190,.".28
12.662
• 59,505
May
18,059
Caue Belt
Norfolk ife West'n 4tli\NkJuly 6 17,803 553,353 1,881,876
709,974
231,023 228,471
677,871 Northern Central June
Cent'lor Cieor»:la 4th wk July
872,70
611,602 9,404.348
1,748.007 1,196.124 16,001,720 15,131,843 .Vorlh'n Pacltlo.. luue
Cent'lofN Jersey May
4,130,279 3,605.9:
17,142,581
1,838,001 1.712,012 19,179,148 18,560,829 iMor Shore tCal).. Jane
587.172
Central Paciiio.. .^l.*y
76,462
63,980
3,924
10,379
10,766 Ohio Rlv& West.. June
4,387
Obattan South'u. 4th wkjuly
18,298
14,.507
197,674
1,525.050
iS^OJiio...
uue
1,194,023
16,711,601
16,524,378
Chesai)
467,86 1 395.933 5.028.154
Pacillo Coast Co. May
837,703 703,826 9.323,134 8,498,023 ePeun— EastP&E June
Chic* AltouRy. .'lay.
10827859 ),596,059 119398494
613,870
541,769
Jnc.5.H
Inc. 88 8.900
Ohio Ul Wesloru. AthwkJuly 203,807 18 1 .074
E.... June
eWest
156,555 133,959
470,198
398,018 Pere Marquette w 4th wkjuly 302.535 284,400
CUicluil itL'v... 4th wttJuly
932,551
4,050,923 3.873,717 47,662,737 45,613,125 PhilaBalt&W'sh June
1,176,217 1.041,017 13,169,449
Chic Milw & St F June
1.4796729 4,000,368 1i50639141 16,731,386 PhUa <fe Erie...
Chiu<k North W'li une
673,214 595,586 6,332,882
May
& O. June
996,066 904.389 12,099,338 11,777,104 Pine BLf Ark R
Chic St P
3,174
2,089
33.520
May
43,900
137,102
138,131 t>ittsb C C & St L June
44,558
Chlo Term Tr KK 4thwkJuly
2,139,562 1.834,111 23,601,186
381,117
302,195 Beading Railway May
Cln N O «& T Pao. 3d wkJuly 130,496 103,749
3.295.110 2.251,710 29.104,891
2,039,013 1.658.090 20,390,761 18.717.071
ClCliiCU<k SlL,. June
2,952,838 1,166,813 20,098,906
Coal&IrCo.... May
Peorla&Kast'n Jirne
280,409 204,943 2,947,237 2,518,750 Rich Fr'ksb & P May
153,600 139,960 1,192,248
&8outli
ithwkjnly 139,336 138,675
536,583
514,200 Rio Grande Jot.. May
Colorado
51,545
47,282
533,719
_.
&L,au.
May.
179,583
14,683
14,260
169,019 Rio Grande So. 4thwkJuly
ColNewb
16,479
49,229
16,993
Range....
May.
39,204
353,251
182,486
24,019
Copi>er
W3196735
e4147354
Rooklsl'dSyst'm May
May.
Cornwall
9,394
9.291
85.377
103,739 Rutland
48,932
150,173
47,439
3d wk July
Cornwall &L«b.. .May
26,296
228,553
27,181
307,656 St Jos &GrI.
98,146 106,36" 1,285,295
May
Cumberl'ii V^allej June
179,951 109,636 1.601,805 1,193,998 StL& San Fran gi July
^2822405 (/2354661 (;2,822.405
Denv. A Rio Gr. ( 4tUwkJuly 503,300 489,500 1,485,000 1,488,900 St L Southwest.. 4ihwkJuly 184,435 174,285
553,537
KioGr. West. 5
197,338 193,362 2,387,179
StLVan&TH.. Jiine
82,520
63,884
953,707
862,192 San Ant & A P.. April
Det & Maokiuao. inne
230,965 247,620 2,141,276
I>etroit Southern. 4th\vkJaly
48,193
41,386
136.677
111,918 San Fran
126.591
118.278 1,299,279
P.. J une
267,217 Seaboard Air L. 3d wk July 217,195 215,007
88,393
91,503
257,410
Dal Sobh <^Ati.. 4th wkjuly
682,222
22,005
16,026
223,343
171,161 Southern Ind
Sast A W. of Ala. -May
77,686
942,572
67,561
June
-May
4,264,190 3,321,228 41,436.484 37,646,465 So PaoiticCo6... May
Erie
6 6.975,280 6,390,045 80,067.782
33.974
33,913
12,487
11,672
Evtinsv & Indian 4ta\vkJuly
1,888,001 1,712.012 19.179,148
Central Pacific. May
145,523
139,244
53,253
51.167
EvauBV J: T H. ith wkjuly
601,699 550.949 6,259.733
Gal Har & S A. May
2,744
3,159
37.526
ITchUd&N'r'e'E June
39,938
116,428
23,389 1,081,216
Gal Hous <fe No May
7,343
7,481
77,227
76,336
Farmv & Powhat June
151,110
12,463
18,004
GulfWT&P.. May
Denv City June
220,588 221,259 2,494,586 2,262,121
Ft
70.515
756,377
E
56,266
Hous
& W T. April
June
164,858 137.919 2,308.299 1.986.758
'Qeortrta RR
19.551
198,477
15,197
Hous & Shrev April
140.468 105,468 1.635,191 1,250,876
Oa South & Fla.. June
413.593 369,265 4,557,687
Hous &Tex Cen April
33,018
294,855
340,835
GUaValG A, N.. xMay
31,835
152,242 186,126 1,727,810
Louls'a West.. May
Qr Trunk Systenj 4thwkJuly 1,026,534 848,523 3,192,608 2,589,4i2
379,361 425,335 4,398,613
MoM^an's L & T May
239,753
GrTr. West'ii 3d wk July
91,948
77,879
309,222
428,842
35,607
33.777
N Y T & Mex . May
DetGrU&M.. 3d wkjuly
65,104
20.819
20.576
67,610
353,033 317.670 3,626,535
Oregon & Callt. May
3,400,095 3,301,963 3,400,095 3,301,963
Great Northern July
93,831
78,533
868,670
So Pac Coast.... May.
157.882
Montana Oeut'l July
185,929 157,882
185,929
2,591,025 2,331,389 2S,018,.579
So Pao RR Co.. May
Total aystem July
3,586,024 3,459,845 3,586,024 3,459.845
256,928 262,018 2,861,528
Tex&NOrl
May.
euU&ShipIsland May
141.322 127,856 1,555,460 1.260,107 Southern Railw'y 4thwkJuly 1,167,881 1,118,441 3,505.691
Hooking Valley 4th wk July 135,952 116,704
525,168 TeneH &Ind... June
555.896
176,036 149,684 1,897,587
Uoufi & Tex Cent April.
413,593 369,265 4,557,687 4,452,'234 Terre H <fe Peor.. June
62,222
600,352
40.701
llUnois Central June ...... 4,016,869 3,300,318 45,145,385 40,821.030 Texas Central . . 3d wk July
21,785
7,797
6.347
lUlnois Southern June
135,126 Texas & Pacific. 4tliwkjaly 271.860 230.338
12,754
12,195
148,823
774,232
128,828 127,941 1,716.717 1,680,182 Tex S V & N W
Ind 111 & Iowa... June
151,300
8,000
8.700
June
327,157 Tol & Ohio Cent 4thwkJuly
143,397 123,810
Int &. Gt North'n 4th wkjuly
392,225
316.788
96.823
90,921
Wb July 18
289.170 Tol P& West .... 4thwkJuly
^Interoc (Mex)
95,700
98,080
256,800
110,790
35.833
30,818
208,478 TolStL&W.
Iowa Central.
IthwkJuly
66,300
64,171
197,753
243,087
90,847
85.874
4thwkJuIy
June
82.623 Tor Ham &Biitt. 2d wkjuly
Iron Railway.
6,688
6,266
86,703
22,658
11,090
7,425
Kanawha &. Mich 4thwkJuly
55.573 Un Pac proper... 3d wk July 695,206 597,130 2,010,847
42,438
19.159
124,678
477,262 Un Pac System
Kan City South'u 4th WkJuly 173,512 167,788
527,656
4,501,172 3.860.440 51.075,188
June
IjakeErie<& Westn June
4 66,026
373,904 4,908,318 4,546,028 Wabash
4thwkJuly 676.904 620,257 2,000,153
l«hlgh Val RR -May
2,714,709 1,790,464 24.607.394 23.694,728
Jersey <fe Sea'e June
380.924 350,024 4,040,958
LexLng Si Kast'u. May
384.982 Wheel & L E.
510,015
55,740
42,047
383,921
81,820
4th wk July 114,352
Long Island
June
Inc. 557 ,385
Inc. 31 .428
166,235
Wm'sport&N.Br. May
13,013
10,984
Lou Hend&StL May
637,865 Wisconsin Cent.. 4th wk Jul
743.216
69,306
60,327
614,533
202,400 174,641
Louis V dj Nashv. 4thwkJuly 951,130 923,340 2,931,810 2,709.244 Wright3V& T'n. June
10.921
174,599
9.599
MaooB & Blrm. June
126,003 Yazoo & Miss. V June
148,763
10,089
10,466
574,797 446,460 7,338,102
Han' tee<Si Gr. liap May
112,986
129.142
10.579
9.401
ftlanio & No East June ......
326,463
23,572
350,762
28,156
Ala GtSoiitliern.
AU N O
iSi
lexa.-
I
.Vlanl.stlque
'a I'•itlc
liiile
J^evioiu
Year
*
*
3dw..k July
III V
13,557
I
1
85,884
1,51 r,939
6,141,400
251,700
.".8,124
;
3S,H29
4(>.463
.
i^-
"
•
P&
M
AN
W&
.
W
317,513
529,230
1,271,559
2,987,000
92,000
3,079,000
16,208
6,.509,489
736,247
676,136
159,-595
34,873
6,036,838
5.194,651
2,474,268
,528,800
8,408,848
12,339,972
491,453
180.218
4.551,914
1
106298194
(iO.OOO
864.531
11,925.749
6,313,793
32,721
21,772,672
27,316,496
26,327,767
1,042,040
537.982
53,839
138.739
1.238.973
^2,354,661
526,868
2.155,874
2,172,830
1,132,579
666.765
630,195
76,685,556
18,560,829
6,621.003
381.734
142,962
777,807
192,282
4,452,234
1,781,789
5,132,327
343,839
3,189.862
832,604
26,555,834
2,720,548
3,291,416
1,706,748
555,920
20,673
697.615
153,994
265.062
91,934
230.828
15,736
1,708,250
47,500,279
1,721.531
3.763,758
333,922
119.400
531,081
143,018
6,587,356
VARIOUS
KG ADS
Alleghenv Valley
Atlanta & Charl Air Line.
Belief onte Central
Canadian N or thern
Central of New Jersey
Chicago & North Western.
Chic St P Minn & Omaha..
Cumberland Valley
International & Gt North'n
Gross Earnings
Jan.
Apr.
Jan.
Jan.
Jan.
June
1 to May 31
1 to May 31
1 to June 30
1 to July 21
1 to May 31
1 to June 30
1 to June 30
1 to Jime 30
1 to July 31
1 to June 30
1 to June 30
1 to June 30
1 to July 31
1 to July 31
Jan.
Jan.
Jan.
Lake Erie
Western
Jan,
Manistee & North Eastern Jan.
Hanistique
Jan.
Missouri Pacific
Jan.
Central Branch
Jan.
TotaL
Jan. 1 to July 31
{Mexican Central t
Jan. 1 to July 31
Mexican International
Jan. 1 to June 30
&
Current Year
Ine.
$510,505
37,126
2,354,225
8,326,8961
4,796,729
5,.597,017
884,804
2,902,072
2,447,744
189,574
29,680
22,823,399
715.765
23,539,164
14,546.210
3,720,543
FlSCAIi VEARS.
Previous Year
EG ADS
Gross Earnings
$230,579 jMexican RaD.way
450,489 jMexican Southern
28,453 ; National RR of Mexico...
774,911 Northern Central
6,441,963 North Shore
4,000,368 ePennsy., East of P & E...
5,405,200
557,874
2,598,430
2,238,766
172,236
51,255
19.725,612
562,259
20,287.871
11.760.608
3,110,714
cWe-stof
P&E
Jan.
Apr.
Jan.
Jan.
Mar.
Jan.
Jan.
Jan.
1 to July 18
1 to July 21
1 to July 31
1 to June 30
1 to June 30
1 to June 30
1 to
1 to
&Wash.. Nov. 1 to
Philadelphia
Erie
Jan. 1 to
Pitts Cin Chic
St Louis.. Jan. 1 to
Rio Grande Junction
Dec. 1 to
St L Vandalia
Terre
Nov. 1 to
.
Pere Marquette
PhUa Baltimore
w
&
&
&
H
Terre Haute & Indianap ..
Terre Haute & Peoria
Texas & Pacific
West Jersey & Seashore...
June 30
July 31
June 30
May
31
June 30
May
31
June 30
Nov. 1 to June 30
Nov. 1 to Juue 30
Jan. 1 to July 31
Jan. 1 to June 30
Current Year Previous Year
$2,989,700
314,054
6,670,785
5,040,194
243,003
60,155,276
Ine.
6,315,233
8,734,373
2,928,109
11,880,845
269,085
1,582,291
1,258,312
395,724
6,349,352
1,724,852
$2,724,200
307,902
4,963,069
4,092,594
193,365
53,419,876
3.214,800
5.794.130
7.795,773
2,508,820
10,839,374
262,822
1,419,111
1,131,372
354,016
5,915.988
1,577,752
1 Results on Monterey <t Mexican
Gulf arc included from .March 1, 1903. t Mexican currency. 1i Includes trans-Mis.souri lines in 1903
beginning March 1, making length of road on which eamlags are rep.irted 7,357 in 1903, against 5.876 miles in 1902. 6 Does n'>t include the
Boost <fe 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.
(/Includes the Chicago ji Eastern Illinois in both years.
< lucludins,' Sav. Flor. & West, and also Florida
Southern and Sanford .k St. Petersburg Rys. in both years.
w Inv Other income not included in the gross either for month or from July 1.
clndee Lake Erie & Det Riv. Ry. from Jan. 1 both years.
* Approximate tor Junf
—b
..
—
—
.
THE CHRONICLE.
294
Gross Earnings. —
—Current
Previous
Latest C^ross EarningrB by Weeks.— In the table which
follows we sum up separately the earnings for the fourth
week of July. The table covers 45 roads and shows 18'48 per
cent increase In the aggreg:ate over the same week last year4(A
wmA of
July.
1902.
1903.
9
Ann Arbor
203,807
9
50,238
197.448
3.160,000
228.471
4.387
181.074
156.ft5^
lS3.95ii
43.900
1S9.336
603,800
44.^58
138.675
489,500
41,886
SS.Sl.^
BnlTMo Roch. A FlttaVft
Canadian Paolflo
253.932
1.324,00l>
231.024
Oentnkl of 0«orfi1a
ClikttAnoo^a 8oatb«m.
Cliio»«o Groat Western
Ohio. Indlan'Us A Loulev
Chlo. Term. TransXer
Colorado A Sonthern.
Denver A Rio Orande
3.924
.
Detroit Southern
Dulntn So. Shore A At..
KvanavUle A Intllanap..
Kvans, A Terre Haute. ..
48.19c'
88.393
12.487
63.259
Orand Trunk
f
Grand Trunk West .. >
DetGd. Hav. A MUw. )
Hocking Valley
Inertase.
9
.
Poads.
Minneapolis Gen. Electric Go...
June
$
164,000
2,663
463
22,733
22,696
•*
-
668
661
14,300
6,807
3,110
91,.'^03
Ket Earnings.
Current
Previous
Year.
Year.
Year.
Year.
$
$
$
$
>
1 to
June30....
Pennsylvania-
815
11,672
61,167
.
.
40,131
32,459
18.897
14,815
630.344
465.058
231,833
234.428
M. St.P.AB. S.M.b.June
626,816
638,750
286,618
257.205
July 1 to June 30.... 7,237,264 6,222,387 3,517.342 3.280,760
Nash. Ch.ASt.L.b.. June ii877,676 ii726,510 n219,570 n228,282
July Ito JuneSO....n9606,370 n7992,531 n2610,766 n2370,416
Norfolk* Wesfn. a June 1,968,658 1,874,737
856,233
650,824
July 1 to June 30. ...21,160.675 17,562,205 8,463,245 7,415,977
Northern Central.bJune
872.702
611,602
189.616
116,316
Jan, Ito June 30.... 6.040,194 4.692,694 1,093,384 1,126,884
North Shore (Cal.)b June
76,462
63,980
41,730
33,484
Mar. Ito June 30....
243,003
193,365
112,484
82,966
Ohio River A West. June
18,898
14,607
6,768
1,314
July 1 to June 30....
197,674
180,218
67,151
32,660
Jmy
Dtertate.
6,033
66,384
•
[Vol. LXXVII.
Lines dlrectlyoperated
East of Pitts. AE June 10,837.859
2,086
J
9,596.059
3.R06.899
8,382,999
June 30. ...60,156,276 53,419,876 17,323,557 17,641,467
Inc.
WestofPitts.AE June
888,900
Inc. 77,200
135.952
118.704
Inc. 3,214,800
19,248
Jan. 1 to June 30....
Deo. 227,t!00
143.397
123.810
International jb Gt.No..
19.587
Phl).Balt.AWaPh.bJune 1,176,217 1,041,017
307.135
309,236
66,300
64.171
2.129
Iowa C'enrral
Nov. 1 to June 30.-.. 8,734,373 7,795,773 2,333.559 2,367,859
42.438
19,1.59
Kanawha A Michigan..
23,279
Pittsburg Goal Co June
703,735
457,701
173,512
167.788
5.724
Kansas City Southern
Jan. 1 to June 80
3,283,426 1,627,887
961. 13C
983.340
LoolBvlile A NashvlUe
27,790
667.0»e
Pocahontas Collieries
461,754
M&xloan Central ......
206,292
16.333
74
16,319
Company
June
Mineral Ranee
56,169
105,86v
81.45P
24,403
Mlnneapolla A St. Lools
Jan. Ito June 30
276,077
412
160.378
160,790
Mlnn.8t.F.A8. Bte.U.
Rio Grande South, t June
46,715
51,436
23,900
26,621
490,018
462,619
27,394
Mo. KansM A Texas. ..
July 1 to June 30...,
663,664
876,676
278,167
262,640
Mt....
Paoltlc
Iron
1,234.000
151.000
A
1,385.000
Mo.
Southern Indiana. b June
77.686
67.661
36,405
35,330
..
Central Branoh
61.000
46,000
16,000
*
Jan. 1 to June 31....
493.969
319,849
251,771
135,874
2.732
4,234
Mob. JaokBon A &. Cltyl
6,966
July Ito June 30...
942,572
630,196
482,027
277,853
277.001
243.788
Kaahy. Chat. A St. Louis.
33,213
210,93?
Texas Central. a... June
108.601
84,404
7,213
National RR. of Mexico.
319,533
35,477
4.962
553.353
94,4S0
647,80?
July 1 to June 30....
593,668
Norfolk A Western
601,615
163,733
158,743
284,400
302.536
18.135
Pere Marquettet
Toledo A O.Cent.a. June
263.251
363,915
116,818
63,644
16.479
514
16,993
Bio Grande Sonthern.
July Ito June 30..., 3.438,872 2,863,808
778,921
599,182
184.43.'5
174,286
10,150
St. L.0U18 Southwestern.
WJerseyASeRBh.liJune
380,924
350.024
75,355
79.855
49.440
1,167,881 1,118,441
Southern Railway
Jan. Ito June 30.... 1,724,862 1,577,762
264,132
290,932
271.860
230.338
41,622
Texas A Paoino
.1,902
xl0,92l
90.921
Vrlghtsv.ATenn.bJune
x9.599
96,823
3,064
Toledo A Ohio Central.
2,302
5,01^
July 1 to June 30....
174,599
143,018
35,838
80.818
•••• •••
64,899
48,145
Toledo Peoria A Wnst'n
85.874
90.847
4.973
Toledo St. L. A West
a Netearnlngs hereglven are after deducting taxes,
56.647
620.257
676,904
Wabash
k Netearnlngs heretrivenarebeforedednotlngtaxes.
81,820
32,532
114,352
Wheellnj: A Lake£rle...
27,76'.
202,400
174,64
Wisconsin Central
d Net. after deducting taxes, is $144,060 and $153,670 for 1903
and 1902 respectively for the month, and $1,234,878 and $1,319,902
29,634 from July 1.
Tot&l (4& roads)
12,929,949 11,495,040 1,464,543
...
1,434.909
Het increase (12-4'' p.o.).
J These figures Include results on the Buffalo A Allegheny Valley
Division In both years.
* Includes Rio Grande Western,
t Includes Lake Erie A Detroit
n Includes Paducah A Memphis Division from July 1 in both years
Riyer By. for both years,
H Week ending July 25.
Expenses for June, 1903, include $143,584 paid for additions to
For the month of July 48 roads (all that have fur- property, against $38,831 in June, 1902. For period from July 1,
1902, to June 30, 1903, the amotint so expended was $1,127,068.
nished statements for the full month as yet) show as follows: against $310,414.
X Includes $472 "other income" for June. 1903, and $361 for
June. 1902.
Increase.
Per Cent.
Month of July.
1903.
1902.
* After deducting $5,831 for depreciation, the net profit for Jane Is
$3,250, and for the six months is $51,623.
11-93
erosseamlnKS (48 roads) 48,416,165 43.254.716 5,161,450
t Kansas City Sub. Belt included in both years.
that
gain
the
roads
reporting
in
will
seen
there
is
a
on
It
be
Interest Chargres and Surplus.
the amount of |5, 161,450 or 11-98 per cent.
Int.. Jienluls, etc.
^Bul. of Nel Earn'gs.—.
Current
Current
Previous
Precious
Net Earnings Monthly to Latest Dates.—The table followYear.
Yrar.
Year.
Year.
iB
ing shows the gross and net earnings of Steam railroads
Poads
$
<S
$
•27.349
93,002
79,642
*20,6S7
reported this week. A full detailed statement, Including ail Dnl. So.Sh. A Att...June
•20.827
July 1 to June 30.... 1,062,560
987,709 *df,33,850
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement oi Fall River Gas Works Co.—
625
c56.929
Jan. 1 to June 30
this kind will be found in the Chronicle of July 18,
A
Mich.. .June
•11,737 *df 20,421
Kanawha
18,364
12.238
1908.
The next will appear in the Issue of Aug. 22, 1908.
•76,35&
July Ito June 30....
198,484
140.794 *df.69,353
1,036,534
848,623
J Jan.
178,011
1 to
.
.
.
.
I
—
,
—Current
Gross
i:ami)ifjs.
Hoads.
—
.
Previous
Year.
Tear.
$
$
—
Xet Earnings.
Current
Previous
Year
Year.
.
23,603
174.967
146,124 def.16,649
520,363
593,456
2,037,215 1,892,907
39,800
264,375
134,596
87,900
242.783
1,180,400
692,307
372,785
413.599
620,113
1,525,050 1,194,023
6,711,601 16,524,378 5,658,879 6,126.886
707,ttl5
532,6.',0
219,214
328,653
7,823,190 7,649,687 2,388,561 2,264,997
556,777
634,404 dl79,056 dl76,716
6,142,989 5,680,327 dl,468.508 dl,536,083
273,093
106,458
DnLSo.Sh.AAtl.b.Juno
253,425
113,009
2,772,134 2,680,569 1,014.045 1,001,761
July 1 to June 30
1,205
2,744
1,282
Falrohlld A N. East. June
3,159
18,467
39,938
Jtily 1 to June 30....
37,626
12,366
Fall River Gas Works
25.004
*9,08l
Co
June
•67,454
153,739
Jan. 1 to June 3u
40,447
61,696
Ft.W.A Den. City. fc June
220,588
221,259
601,104
2,494,586 2,262,121
603,042
July 1 to June 3o
140.468
105,468
20,670
24,276
Oa. South. A Fla.a.June
400,789
294,970
1,636,191 1,250,876
July 1 to June 30
147,440
74,576
28,994 def.9.168
Kanawha A Mlob.a June
210,001
132,019
1,281.822 1,096.359
July 1 to June 30
115,780
464,626
1,916
895,969
IKsn.Qlty South. a June
6,224,477 5,732,918 1,563,944 1,828,958
July 1 to June 30
Champlaln A Morlah—
Apr. 1 to June 30
Jan. 1 to June 30
June
Loner (sland b
July 1 to June 30....
Manistee A No. E.a June
Jan. 1 to June 3u....
Mexican Tel'phone.Apr.
:
L.
Do
rto
May
Mar. 1 to May 31....
Mineral Range. b... June
July 1 to June 30....
21,851
18,785
33,421
43,799
Inc. 81,428
Inc. 657,385
23.572
28,156
172.236
189.574
19,442
22,179
19,892
22,291
68,430
67,630
60,334
44,378
660,468
692,648
def.9,310
3,052
def.8,271
7,149
Dec. 45,788
Deo. 119,032
def.2,555
10,851
83,664
86,006
10,176
11,790
9.124
8,874
28,709
32,418
7,367
13,706
102.669
105,021
A Morlah—
Apr. 1 to June 30...,
Jan.
Ito June
Manistee
Ann Arbor. b
Juno
Jnl7 1 to June 30
Canadian Northern. June
Jan. 1 to June 30
Chesap. A Ohio. a. .Jane
Jtdy 1 to June 30
Chlo. Gt. West'n.b June
July 1 to June 3u....
Color'do ASouth.b. June
July 1 to June 30....
Champlaln
L.
.
80....
A No.E... June
Jan. Ito June 30....
June
Mineral Range
July 1 to June 30.
Minneapolis Gen. Elec-
757
1,430
6,050
86,303
10.132
116.545
534
def.9,969
1,207 def.9,548
6,050
4,801
36.303
49,703
•3.805
8,347
97.349 *def.8,887
2,875
6,338
def.8,605
47.861
•def.882
•6,173
6.602
10,065
June
8,213
8.842
Co
137,633
129,252
102,681
96,796
July Ito June 30...,
82,965
146,327
69,880
149,690
Nashv. Chat.ASt.L.June
547,581
801,415
July Ito June 80.... 1,809,361 1,822,835
839,323
211,501
634,231
223,002
Norfolk 4i West'n.... June
July 1 to June 30..., 2,571,315 2,867,777 6,891,930 5,048.200
27,6-22
22,218
11,271
14,108
North Shore (CaL).. June
49,381
64.911
37,685
57,673
Mar. 1 to June 80...,
tric
Pocahontas Collieries
June
Company
Jan, 1 to June 30,...
RloGrande South. June
Jruy 1 to June 30...,
June
Texas Central
July Ito June 30...,
Toledo A Ohio Cen., June
July 1 to June 30....
dl4,607
d86,865
15,033
214,612
2,583
30,939
49,962
493,984
18.611
217,956
2,433
26,330
38,969
477.166
40,662
189,212
•12,402
*73,367
4,630
132,794
*73,266
*317,881
'8,098
•52,892
2,629
132,413
*24,864
"139,606
After allowlnK for other Inoome reoelved.
c After deducting $5,831 for depteclatlon, net profit is $51,098.
d This item includes charges, slnklngjfonds and preferred dividend.
•
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all street railways from which we are able to ob
(ain weekly or monthly returns. The arrangement of the
table Is the same as that for the steam roads that is, the
arst two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earninga
for the calendar year from January 1 to and inclading such
latest week or month.
—
-..
August
8,
——
..
..
.
.
.
THE CHRONICLE.
1903.J
295
Our'nt
Week or Mo
Prev'ut
Tear.
Tear.
$~
Jane
Wk. Aag.
Jane
Blngbamton RR
BurllnKt'n (Vt.)Trao Jane
Cal. Gas A Electrlo. Jane
Clilcago <k Mil. Eleo. Jnne
Lin. Dayton & ToI.Tt June
Oln. Newp. A Coving
Light A Traction... Jnne
Amerloan
R'tb. Co. U
114.742 101,154
12.205
22,775 20.243
6,840
6,510
222.287
22.488 17.780
46.496 40,58r
.
Aar.Eljrln&Chlo.By
2
104.244
AprU
3.17i)
Cleveland Eleotrlo... June
01eve.&8o. W. ir.Co Jnne
June
Cleve. Palnsv. & E.
238,863
City Eleo.(Rome,Oa.)
40,.^42
19.765
12.5S1
'port St. Ry May
Dart. &
Detroit UnlK*!! Ry..n 4tbwk.J'ly 137.656
Dnlnth-Snp. Tract... Sdwk. J'ly 12.S2e
17.949
East. Ohio Traction.. .Tune
42.575
Elgin Aurora & Boo. June
45.476
HarrlsburK Traction June
Havana Elec. Ry.Co. Wk.Au«. 2. t 29.22b
W
HonolnluRap'rtXran. June
23.467
16,41
37,287
Honghton Co. St. Ry. June
HouBton Eleo. St. Ry. Jane
Current
Jan. 1 toLaUtt Datt.
Lattal ero$i ^artiingi.
OBOS8
91.131
3,062
214.985
1 25,19^
18.715
10.05*
116,230
11.184
18.739
33.874
41,867
{34.100
14,831
16.008
31,899
S
601.152
System
(Buffalo)...
.
Lehigh TriMjtlon
Lehigh Val. Trao. Co.
June
June
June
May
June
June
June
May..
May..
May..
Lexington Ry
London St. Ry.(Can.) June
Mad. (Wis.) Traction June.
74,108
11,862
26.963
16.224
62,298
9,932
23.64':
13.643
8.443
9.04(
Metrop.St.Ry.(N.Y.)
Includ. 3d Ave. RR. July
Met. West Side Elev.. July
MU.Klec. Ry.ALl.Co June
S
608,395
109 185
'94,510
33,369
29,545
93.721
233.321
78',93»
201,038
673,384
519241
12,448
12,656
1.318,356 1.170,644
196,846 tl28.39:<
91,403
84.144
44,361
41.122
2.44^,69 2,170,257
336.769
280,916
87,617
81.490
211,119
1H6,456
287.62:<
213,733
(732.321 1614,874
Dep June
2,.'i08
Gas Department. June
Lt. Co June
Worthweetem Elev. July..
Oakland Trans. Conr June
77.970
92,05P
May..
May..
7.634
10.07t
April.
17,139
May..
9.3U8
3,094
.
Hor. Ohio Tr. A
Railway..
Orange Co. Traction
Oreg. Wat. Po. A Ry
Peeka. L't'g A RR. Co.
Philadelphia Co. and
Olean
St.
95,31-2
June
Pottev, Union Tract June
Pneblo A SaboTban
TraoLALlght'gOo. June
Btb Co.Gen.— Roads- June
LlghtOo'8
June
Rochester Railway
Jane.
Affiliated Corpor's.
17,682
41,86:
Jane
Lotus Transit..
June
Sao Panlo (Brazil)
St.
L't A Po. Co
Savannah Elect. Co.
Seattle Eleotrlo Co. .
Tram.
South Bide Eievated
Syraonse Rap.Tr. Ry
Electric Co...
Terre Haute Elec.Co
Tol.Bowl.Gr.ASo.Tr
Toledo Rys. A Light.
Toronto Railway
Twin (31ty Rap. Tran.
Onion (N. Bedford).
Union Trac. ol Ind..
United RB's of San
300,718
65,199
106,66i
75,669
42.166
346,881
69,110
86,775
65,064
36,820
26,370
1.724
105,377
89,669
71,905
13.660
63,820
10,631
38,190
6,154
24,703
26.326
103.003
26.354
100,809
7.845
36,525
10.384
38.711
57,007
143.993
175,513
989.457
66.327
20,706
161.317
848,661
13.220
24,208
57,967
269,317
41.985
234,871
166.035
538,504
99.243
289,849
58,675
176.696
14,871
74.589
37.803
148,953
35,553
86,234
137,913
18,897
7,486
54,542
10,206
9,780
33.862
8.081
Orange Co. TractionApr. 1 to June 30....
July 1 to Juno 30
Richmond Lt. A RR. Co.bApr. 1 to June 30
July 1 to June 30
Seattle Electrlo Co. June
Jan. 1 to June 30
Schenectady Ry.b —
Apr. 1 to June 30....
July Ito June 30
Staten Island Midl'd b—
Apr. 1 to June 30
July 1 to Jiuie 30...
Tampa Elect. Co. Juno
r28,293
rll,324
rl2.e65
388.982
716,020
542,588
31.047
35,323
80.671
1,661
— ,—PmI.
of Net Earn'gs —
Current
.
Previous
Year.
Year,
Year,
Year
$
$
$
$
Previoxu,
Ry.
St.
2,604
28,310
2.929
33.200
(Buffalo).. June
Ogdensbnrg
St.
3,922
28,174
8.951
39,876
Olean
St.
July 1 to June 30
Orange Co. TractionApr. Ito June 30
1 to
June 30....
Richmond Lt. A RR Co.—
Apr. 1 to June 30....
116,082
10,016
627,420
15,635 def.2.509
23.363 def.89,700
176.066 k763,458
4.085
def.871
4,516
4,422
34,868
2,299
2,416
7.099
21,227
3,975
16,818
31.287
62,835
18,191 def.23,442 *def.7,4l2
49,241 ^1.26,488 *d6f.9,*i91
Ry. Co. -
Apr. 1 to June 30
July
126,141
748.671
1,548,960
1.965
3.125
Ry.—
Apr. 1 to June 30
r30,516
r9,338
rl0,74l
318.937
662,385
449.486
20,476
31.e8d
40,373
7,728.568 6,860,466
76,163
83,974
232,950
141,299
11,048
601,336
Int., lientats, etc.
Current
130.628
767,697
1,538,484
h'.: July Ito Juno 30
Ithaca Street Ry.. ..June
1,804
2,996
Jftcksonv. Eleo. Co. June.
84,746
JiQy 1 to June 30
def.*714 def.*2,261
'4,007
*14,923
*2,822
*10,603
Seattle Electric Oo. June
Jan. 1 to June 30....
27,000
24.052
150.010
25,000
21.557
184,651
119,307
20.428
100,221
Schenectady Ry.—
Apr. Ito June 30
July Ito June 30
35,833
134,619
20,351
53,442
*48,473
*172,244
*6.742
*70,8B6
Staten Island MidlandApr. Ito June 30....
July 1 to June 30
Tampa
60.325
13,200
645,590 557,114 3,467,464 3,014.587
Elect. Co... June
tl5,521
33,915
tdef.3,987
12.500 *aef.8,943 def.2.770
53,748 *def 4,082 def.19,886
1,885
8.070
6,196
18,188
59,189
2,135
After allowing for other Income received.
Returns for quarter ending June 30. 1903, in clnde under income
from other sources the net 11 come from the Lighting Department,
amounting to $c3.2f>2. Figures for 1902 are thoee lor the Staten
Island Electrlo RR. Co,, at that time a separate corporation.
k Includes Pan-American Expcsiilon period.
*
t
ANNUA L RE PORTS.
Annual Reports.—The following
488,113 454,218 2,966.671 2,657,151
863,967
145,268 139 67B 952,128
86,784
21,720 20,399
91,130
246,182
42.831
—Current
Gross Earnings. —
Previous
>
Year.
Year.
,
Xet Earnings.
Precious
Current
Year.
an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Investors' and Street Railway Supplements.
This index does not include reports in to-day's Chroniclb.
Railroads, Etc.—
Piige.
193
American Thread
Calumet & Hecla Mining
193
'ZV3
Ceutral foundry
19.3
Consolidated Lake Superior.
Montreal LUht Heat & Power.... 194
248
New England Brick
Pacific Mall Steamship
248
Syracuse Ltg. (official statement).. 248
.
Year,
$
East. Ohio Tract. a June
Jan. 1 to June 30
20,76fi
July 1 to June 80....
Jan. 1 to June 30
Street Railway Net Earnings.— The following table gives
khe returns of Street railway gross and net earnings reoeived
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
,
108
System
c Results for main line.
d Figures here are from July 1.
n These earnings include the Detroit United Ry., Detroit A Port
Huron Shore Line and the Sandwich Windsor A Amherstburg By.
r These flgtires are from Mar. 1 to June 30.
t Figures for 1902 cover only the Clev. JSlyrla A Western By. Co.
5i9.
1.219
International Tra<5t. Co.
Spanish silver.
These are results for properties ownea.
August
5,981
(Hancock. Mloh.). June
July 1 to June 30
102,500
632,364
46,104 44,897
848,651
176,513 151.317
989,457
July
118,166 10>,e89 900,451 822.067
Jane
66.643 60,86:381,542 346,613
June
25.553 18,897
June
38.485 25,135
May
24,778
108,257
June
141.545 122,682 772,178
671,284
June
181,318
72.21'7
Sdwk July 80,596
2,164",i02 1,893,206
May
115,587
133,594
82,109 27,118
June
602,076 339,067
97,302 81,424
Jane
Franolsoo
6,849
Houghton County
Jnne
June
June
United Trac— (Alb.) July..
Wash. Alex. A Mt. V May..
Toongsto w n -Sharon
By. &Lt.Co
June,
I
31.39';
Year.
By.—
Roads.
A
Rockford Belolt
JanesTlUe
}
14,8:<:4
St.
,
d96,712
1,807.000 1,076,8SO
.
Tampa
10.855
2,012
2,313
67,631
86,970
82,920
4,822
8,533
10,88/
Year.
Interest Charges and Surplus.
I51,7tt0ll,189,6t9 1,088,403
248,422 220,990 l,430,18i:. 1,267,739
179,656
148.34b
Mll.LtHeat&Tr.Co. June
38,818 31,968
Montreal Street Ry
Wk. Ang. 2 46.242 43.649 1,268,197 1,173,152
10.306
Year.
a Net earnings here given are after dedaotlng taxes.
b Net earnings liereerlven are before dedaotincc taxes.
k Tuolades in thl.s year earnlug.s of Pan-American Exposition period.
1,858,501 1,742,314
Mask. Tr. A Light. Co.
Street Ry. Depart. June
Xel Earnings.
Current
Prerious
Apr. 1 to JiuieSO
Olean Street By.—
Apr. 1 to June 30....
823.098 271,246 1,805.029 1,634,349
11.671 11,416
116.576
92,886
20.369 16.784
103.373
23,626 20.411
82,992
259.903
56.H33 42,986
19».433
083,243 c59,3l8 c 398,945 C 377,648
62,947
63.482
6,420
11,687
Street Ry. Dep
Electric Light Dep
Electric Light
Tear.
Ogdensbnrg
Year,
Intemat'l Tract. Co.
Ithaca Street RyJacksonville Elec.Co.
Knoxvllle Traction
Lake Shore Eleo. Ky
Lake Street Elevated
Earnings.
Prerinus
Roads.
Ourreni Previoua
Tear.
—
— dross
8TSBBT SAILWAT8 AJTD TRACTION 0OMPANIB8.
EABHUiOS.
.
17,949
87.517
18,739
81,490
6,536
28.837
8,193
31,535
16,417
182,576
16,008
158,580
6,851
61,374
8,555
68,186
i
,
|
is
RAILROADS, Etc.—
Virginia-Carolina Chemical
Street RailwaysBinghamton (N. Y.) Ry
Page.
194
247
Boston & Worcester St. Ry. (balance sheet July 1)
86
Interurban St. Ry., N. Y. (balance
sheetMarohSl)
33
Geveland Cincinnati Cliicago & St. Louis Railway.
CAdvanre statement for tfie year ended June 30, 1903.)
The results for the fiscal year compare as follows :
EAKHINOS, EXPENSES AMD CHARQBS.
—
Earningi
190203.
Passenger
$5,778,490
Freight
13,234,298
Mall and express...
1,108.308
Rent, etc
289.665
1901-02.
$5,487,506
11,920.097
1,041,324
268,145
1900
01.
$1,979,652
ll,640,t03
999,179
258,656
1899 00.
$4,653,224
10,867,502
961,065
325,059
Total
$20,390,761 $18,717,072 $17,877,490 $16,806,851
Operat'g expenses .$14,470,0.55 $12,80.5,610 #11,706,324 .$10,620,842
273,648
410,326
Car service
452.923
321.337
31,2f6
26.043
Insurance
42,636
24,895
612,945
634,376
Taxes
703,816
682,690
HouRhton County
St. Ry.
(Hancock, Mich.) June
July 1 to June 30
International Tract Co.
System (Buffalo) b June
323,098
123,632
271.246
146,163
Jan. 1 to June 30
1,805,029 1,534,349
658.971
791.060
July 1 to June 30
3,728,173 k456e,502 1,714,549 k2312,418
Ithaea Street By.. June
11,671
11,416
6,829
1,091
Jaoksonv. Eleo. Co. June
20,369
7.647
16,784
7,512
Jan. 1 to June 80....
116,576
31,193
92,886
38,346
July Ito June 30
223,464
69.614
. .
Total oper. exp.$15.669,430 $13,744,920 $12,765,638 $11,749,264
(71-35)
(73-4.S)
(69-91)
Operat.cost(p.cent)
(7685)
NetearLings
$4,721,331 $4,972,151 $5,121,852 $5,057,587
$2,619,520 $2,685,056 $2,661,441
231,907
180,131
160.678
205.097
Div. on pref, stock (5) 499,944 (5) 499.944 (5) 600,000 (6) 500,000
Dlv. on com. 8tock.(4)l,H9,572 (4)1.119.572 (3>fl)979,826 (3) 839,840
Interest on bonds.. $2,683,385
Rentals
BaL, sorplus.
— V. 76, p.
1247.
$267,752
$552,984
$725,263
$351,209
J
JJ
:
.
THE OHKONKLF
296
& Terre Uaate RK.
ErttnsTilla
^Advance Statevi'mt for
Y^ar eniing June
the
1902 03.
1901-02.
Gross earnings
$1,758 ^40 $1.453.6.^9
OperaUng expenses
859,774
749.184
.
Net earnings.
Charges
1900
SO, 1905.
$8^9.866
426.933
$704,475
415,622
$601.6*0
415,203
$621,631
408,478
$i72,P3}
34.030
$i«8.853
64,054
$186,137
88.605
$213,153
Bilanoe
Div. on pre/, stock...
$ii8,814
(^) 64,167
$224,799
$^9,933
(5)64,167
$159,3S5
64,167
Bal. foroom. Btook.
77. p. 250.
$374,677
$221,799
$3!>,665
$93,218
...
Balance
Et. Alnd. def
)
[Vol. LXXVII.
Peoria & Eastern R \ilway.
(Report for the year ending June SO, 1903 J
The following is an offi nal statement
\
18 9 00.
$1,392,760
771,129
01.
$1,3»3.913
792,803
JJ
.
^3,768
190303.
S
1901-02
2,114,691
717,077
115,469
2.917,237
Earningt—
Freight
P'tcsenger..
Mail, express, etc
Total
& taxes. .2,305,870
Operating exp.
1900-01.
1899-00.
1,739,032
661,117
116,552
1,763,420
609,551
115,332
1,691,844
5 51,381
113,691
2.518.751
1,861,638
2,488.308
1,666,353
2,35e:,416
SB
1,590,760
Net earnings
Interest on mart, bonds...
Int. on income bonds 4%.
641.367
404.260
160,000
664.113
404.260
160,000
821.950
404,075
765,658
420,000
Total
Burplns
564.260
77,107
664.260
89,853
404,075
417,875
420,000
345,656
-V.
International Traction Co (Baff tic, Etc.)-
f Income account for year ending June SO, 190S.J
The results for the system are as follows, the earnings for
1901-02 having been swelled by the Pan-Amerioan Exposit lo a
:
jGroes earnings
:
Operating expenses (exclnd.
-V.
76, p. 1031.
Sonthern Indiana Railway.
(Report for the year ending June 30, 1903.
We have been favored with the following statement of
1.^02 03.
1901-03.
Decrease.
earnings and balance sheet for the fiscal year euded June 80,
$3,728,173 '$4,566,502 $838,3.'9
taxes). 2.013,624
2,254,084
210,460 1903, comparing with previous years as indicated:
$2,312,418
1,548,960
$597,869
10,476
Freight
6arplu8 inornie
$176,065
Operating cost p. o. of earnings (ex-
'$763,458
$587,393
Passenger
Express, mall and other
-549
'509
-040
clusive oX taxes)
1902 03. 190102. 190001. 1839-00
$
$
$
$
633.742 465,680 317.519 276,685
150,617 115,814
89.261
56,763
153,188
48,701
83,047
3i,497
Earnings—
$1,-14.549
Flxedcliarge8(lnt..taxes,rent'l8,&o.) 1,538,484
NetearnlDffS
Total earnings
942,572
630,195
439,828
363,895
84,375
58.955
77,950
175,368
40,070
57,491
59,821
141,593
35,183
40,731
40.614
103.200
29,452
Expensei—
Inoludee earnings of Pan-Amerloan Exposition period.
1855.
V. 76, p.
*
NashTille Chattanooga & St. Louis Railway.
way and
Maint. of
structures
Maintenance of equipment
Conducting transportation
General expenses
8 1,398
246,208
48,565
Total expenses
460,546 352,843 294,087 213,999
fStatement for the year ending June SO. 1903 J
Per cent operat'g expen. to earns. 1 8 '87)
(55-91)
(58-80)
(66 86)
482,026 277,862 145.741 149,897
The following is a comparative statement for four years Net earnings
143.233 115.364
74,988
past, covering the entire present mileage of the road (1.195 Deduct— Interest on bonds
62,232
(
1902-03.
1900-01.
1901-02.
1899-00.
Gross earnings
$9,606,370 $7,992,530 $7,620,128 $7,127,178
Operating expenses.. *6,995,604 ^5,622,114
5.111,126
4,687,012
Net earnings
$2,610,766
$972,827
210.646
625,878
Interest
Taxes
Rentals
$2,370,416 $2,509,002 $2,440,161
$992,279 $1,022,350 $1,034,120
204,878
203,134
252,080
625.878
625,878
628,231
17,500
Dlv. on pref. stock (5%) 25,000
Total charges and dividend.. 224,600
Surplus
257,426
183,163
94,699
Interest)
$301,415
$530,730
$651,640
$547,581
'laolndes $1,127,068 additions to property. ^Tnolndes $310,414
paid for equipment and for improvements on P. & M. division.— V, 76,
6,606
Taxes
3.', 261
Rental
GENERAL BALANCB SHEET JOLT
1903.
estate
Ings
I
i<l(
build.
Stocks and bonds ..
Materials and fuel..
Curreut accounts. ..,
Cash on hand
104.455
66.000
93,472
H3.7^7
44,160
106,144
65,100
81,830
99,746
40,623
P- 48.
& Western Railway.
^Statement for the year ending June
Total
-V. 7J, p. 377.
30, 1903.
Results for four years have been as below. The figures for
the earliest year are as shown in previous annual reports;
those for 1900 01 have been revised by the company, the |18,179,069 gross earniogs comparing with $15,785,442 gross on
1,554 miles, as given in the 1900-01 report, and the surplus
over dividends, $2,570,645, with $3,535,689.
EARNINGS, EXPENSES AND CHARGES.
1902-03.
190102.
190001.
1899 00.
1.716
1,879
1,660
1,551
Average miles operated..
Earnings—
$
$
$
$
Passenger, maU and exp. 3,332.631 2,842,552 2,574.322 2,241,258
17.828,044 14,709,653 13,604,747 11.819.747
Freight
21,160,675 17,552,205 16,179,069 14,091,006
Total earnings
Operating exoenset —
Mahit.of wayandstrnct. 2,754,2i00 2,181.043 2,104,837 1,558,803
3.041.414 2,334,586 2,863,935 2,034,883
Malnt. of equipment
Oonduot'g transportat'n 6,014.468 4,853,109 4,656,737 4,210,17A
887,34 i
817,484
760,198
697,735
Gen'iexp.,lnol. taxes...
12,637,430 10,133,228
8,463,246 7.415,977
Prop.ofexp.togr'sseams. (60p. o.)
(68 p. o.)
2,^71,815 2,867,777
Fixed charges
Total expenses
Net earnings
112.410
96,543
68,861
38,831
1.
lAahiliUet—
Preferred stock
Common stock
8,501.096
9,785,757
6,393,312
(60 p.
5. '589,909
(60 p.
o.)
.
.
3,047,810
2,848,802
2,570,645
2,406,522
-V.
Union Pacific Railroad.
(Preliminary Statement for the year ending June
SO, 1903.
results for the last fisiil year, including auxiliary
companies, compare as follows:
Gross receipts
Operating expenses
A
$47,500,279
25,539,226
$43,538,181
24,587,145
$22,327,973
322,282
3,8S3,053
cos.
853,894
$21,941,053
309,562
4,06^.031
208,008
$18,951,036
237,212
326,R35
495,367
Net earnings
owned
Divs.fromNo.8eour. &oth
Rentals and income
Totallnoome
Fixed ohirg«s
Contingent oh jrges
BaUnoe
1900
1902-03.
$51,076,189
taxes.. 23,717,216
Interest on bonds
for dividends
Dividend on pref
Dividend on common.
190102.
$27,392,182
12,071,0-59
$28,521, 654
11,930,133
23,870
28,927
$15,297,243
$14,502,594
(4)3.982,392 (l):i.9^1,5.'52
(1)4,350,692 (4)4,205,032
.
Real
est.
eucumb'es
77, p. 148.
$6,964,169
$3,315,961
Total
43)
8,651
18.500
516,820
839,-^24
12.600
9,131,833 7,688,781
American dlae Company.
Charged
ofi
for depreciation
Total
Dividends paid (4% on
oa plants.
.
Assets.
$274,848
135,952
1903
$138,396
BALANCE SHEET MAT 31, 1903.
Liabilities. —
$
—
Cash and receivables
570,690
Merch mauf. & In pruo's. .1,290,890
R'<ale8t.,maoh
<&flxt....
Hamm'dQlneOo.st't par
Pat. rights
1,
&.
goodwill.
Total
.
890.422
50.000
800,000
$
1,304.300
800,000
89J,306
Debts
Prof, res'd as work. cap. 460,000
138,396
Proflcandloss
Preferred stock
Common stock
3,602,002
Total
.3,602,002
,
$310,618
36,264
preferred)
common and 8% on
Balance profit audioes account June
-V. 76, p. 214.
Illinois Brick
01.
$20,010,230
7,44^,188
88,034
Companj.
(Statement of June
30, 1903.)
Comparison of the surplus shown in the balance sheets of
June 80, 1903, Dec. 81, 1902, and June 80, 1902, is thought to
indicate earningt^ to the amount of $120,743 in the last six
months, and in the year ending June 30, 1903, of $84,761, besides the preferred dividends.
June SO, Dec. 81,
June 30, Dec. 31,
Assets—
Plants
76, p. 610.)
-V.
1903.
1902.
Pref. 6 p. stock... $4,000,000 $1,000,000
Capital stk., com. 5.0.)0,000 6,000,000
300,000
800,000
Bonds
181,800
141,000
Bills parable
1 10,330
148.417
Accts. papable...
106.51B
Uividead owed...
418,142
29^,400
Surplus
Totals
$10,043,360 $a.950,245
Totals
-(Compare V.
Uabilltles-
1902.
1903.
t7.H11.000|7,«4 1,000
449,500
440,500
64»,?i00
649,500
Com Rik. unissued
800,000
300,0(10
Bonds unissued.
349,26S
299,778
Accts. receivable
803,087
Inventories
216,81«
41,683
49,924
Bills receivable ..
9,316
43,728
Cash
Pf. stk. unissued.
.(10,043,360 $9,950,316
77, p. 199.
Union Iron &
Steel Co.
(Financial Statement of June 1, 1903.
Thomas S. Holmes, Treasurer, issues a statement showing:
BALANCE SHEET JUNE 1, 1903.
(l)
$12,535,058
^,979,5h0
AssetsPlant investment
(1)4,000,014
Cash
All other Items
Balance, surplus
$
.
o.)
5,018,200 4,'i2'),261 3,316.270
Dlvidendson preferred ..(4)910,014 (4)910.014 (4)909,924 (4)909,748
Dividends on common. (3)1,934,076 (2)1,239,381 (1)614,692
Balance, surplus
76. p. 1408.
1902.
$
(Treasurer's Rep)rt May 31st, 1903.
The net earnings and charges hive bsen as follows:
Surplus June 1. 1902
$96,305
Netearnlngs June 1, 1902 to June 1, 1903
214,807
2,273,639
2,268,061
1903.
500.0
600,000
8,000,000 3,000.000
,000
Istmurt 4s
3,7«
3,160,003
Equip. obliRatlons ..
951,7 ;9 468,142
Bills payable
150,000
60,000
Current accounts... 180,640 172,648
Int. on bds. accrued.
62,667
52.667
6,134.836 7.688,781
Sarplue for dividend. 5,«9 1,930
-V.
16,814
17,600
Pref. dividends
Profit and loss
Norfolk
The
1.396
18,546
17,600
1902.
Assttt—
$
%
Cost of road
6,409.495 6, 03i;,«5
Cost of roUinjf stock .2.832.698 1,265, 172
Bea
Balance, sorplas.
on debt
1.116
24,173
17.500
25,000
&
miles), the operations of the Padujah
Memphis division,
264 miles, which were kept separate until July 1. 1900, being
included in the earliest year for purposes of comparison :
$2,000,000
45,383
865,260
Liabililiea—
Capital stock.
$2,000,000
Accts. and biUs pay'ble
107,658
Burplns
302,943
$1,565,461
Tot»l
$2,410,596
Total
$2,410,698
:
August
THE CHRONICLB.
8, 1903.J
In orgaoiziDg the Union Iron
& Steel
Co. none but abso-
lutely good asBeta, it is stated, were considered. The plants
are free from mortgage or bonded debts, and the company
has no fixed charges. The annual buslnees, it is said, approximates 13,000,000. The directors are:
William Rotoh. Boston, Mass.; E. K. Stallo, N«w York City; E. L-
Harper
S. Holmes. New York City; WUllam
Harper Jr.. Big «tone Gap, Va.— V. 76,
New Yoik Cltj Thomas
;
H. Binnlan, Peoria,
p. 709.
III.;
E. L.
United States Realty & Construction Co.
f Statement for D months ending Jw.e SO, 190S.J
Prf sident Bradish Johnson says
The capital stock of the company was Issued for the purpose
5
<&
Thames
of
St.
Southeast corner of Spring and Meroer stret ts, now occupied by the
Arm of Vletor & Achells
Southwest corner of 4th Ave. and 23d St., foimerly occupied by the
Yonrg Men's Christian Association.
Ea»t side of 6th Ave. extending from 43d to 44th streets.
Southeast corner of Broadway and 29th St., formerly occupied by
the Sturtevant House.
Southeast oon.er of Broadway and 57th St.
Southeast corner of Broadway and 69th St.
Three lots of ground on the north side of 50th St. west of Park Ave.
Interest in a plot of groond on premises on the south side of 7 5t h St.
between AmS'terdam Ave. and Broadway, and In plots of gronrd on
the west tide of Broadway at the corners of 6l8t, 62d and 63d streets.
The B^f!h Avenue BnililngOols the owner of the Fuller Builoing,
commonly known as the Flatlron.
The Sixth Ave Realty Co. Is the owner of the O'Neill property on
the West side of 6th Ave., between 20th and21at streets, including the
•tables on the suu'h side of 20th St. and certain private dwelling
houses on the south 8l«^e of 2l8t St.
&
&
$310,657
;
on building contracts (buildings completed, $230,071; bulldlntjs in progress, estimated proportion ac-
248,881
Prottt
crued. S?)76,773)
on real estate
Profit
806,844
228,800
106,952
and Investments
Miscellaneous profits
Expenses of management (officers' salaries, $67,323; employ ees' salaries and commissions, $132,560: general ex-
&
7
Income from investments (real estate, !993.433
part Interest in realty and securities of realty companies, 974,648; Slocks and bonds, $75,910)
.......
$1,702,134
Construction Co., the O-eorge
States Realty
A. Fuller Co. and the New York Realty Corporation have
a( qnired a nnmber of valuable pieces of real estate, among
which are the following:
Premises 67 A 69 Wall St. and 3."^, 87, 89 A 91 Beaver St.
Block bounded by Broadway, 8ih Ave., 57th and 68lh Streets.
Premises 108 <fe 110 West S^th St.
Noribe»st oorcer of .^th Ave. and 38th St.
PremUes
INCOHB ACCOUNT FOB THE NINB HOKTHS KMDIKQ JUNB 80, 1908.
Interest receivable
Dedttel—
Interest payhble
acqulrlDK the stocks of the subsidiary companies and certain real
eastato and rteonilties from the Central Realty Bond & Trust Co., and
for providing $11 .OCO.mOO of cash capital. Q^aarterly dividends at the
rate of 6 v. o. per annnm have been paid ou the preferred stock on
Jan. I.April i and July 1 of tlie precent year. The coctracts for
buildings. Inolndlng thoee not completed on Oct. 1.1902, have numbered forty-ttve. These contrncts were for the erection of offloe buildings, ralldroad depots, warehouses, stores, hotels and theatres In New
York. Boston. Philadelphia, Chicago. Plttsburgb.WashinKton.t t. Louis
and Troy. The building ODUtraots now being carried out will amount
In the aggregate to $20,000,000. Regular ofllces have been opened
and maintained by the George A. Fuller Co. for the transaction
of business in Washinston, Philadelphia, Pittsburgh, Chicago and
Boston.
The United
297
Co., and Marwick, Mitchell
Co., as
Jones, Caesar
auditors, append a statement saying in substance:
We have examined the books of the United States Realty & Construction Co. and its subsidiary companies, and certify that the
attached balance theet, in our opinion, properly shows the position of
the corpora' ion and its subsidiary companies at June 30, 1903, and
that ihe income account is a correct statement of the net earnings for
the nine months ending at that date. The latter is a consolidated
ttbtement of the gross and net earnings of all the companie.n for the
period above ramed, and all mter-company balances are eliminated
therefrom and aleo from the consolidated balance sheet.
There are included ihereln the transactions of the following companies: (1) United States Realty & Oonetructlon Co.; (?) George A.
Fuller Co., New York Realty Corporation, and Sixth Avenue Realty
Co., practically all the stock of which is owned by the United States
Realty <St Construction Co
(3) Fifth Avenue Building Co., all the
stock of which is owned by the George A. Fuller Co.; (4) Interstate
Mortgage & Debenture Co., practically all the stock of wliioh is owned
by the New York Realty Corporation (5) Sixty-eight William Street
Co., half the stock of which is owned by the Inter-State Mortgage <fe
Debenture Oo (6) Tontine Company, a majority of the stock of which
is owned by the George A. Fuller Co., and (7) Santos Company, »U the
stock of which Is owned by the George A. Fuller Co. In the case of
Sixty-eight William Street Co. and Tontine Company, which are only
partially owned, we have included only the proportion of the traneaotlons appert>>lDlEg to the shares owned.
As this Is the first period of operation of the United States Realty
Conetruotlon Co we have thonght It right to adjust the balance sheet
of Oct. l3t, 1902, at wh!oh date the company commenced Its operations, so as to bring Into profit and loss account for the subsequent
period all transactlon!< relating to that period and to charge against
the surplus of the subsidiary companies at that date all transaotions
penses, $364,980)
564,863
Net over charges
Profit from estimated inorease in value of investments
still
$207,210
$930,061
X487.625
held
Total
$1,417,686
Dividend on preferred stock (4>« p. c, $1,215,499) and on
outstanding stock of subsidiary companies ($3,390)
Balance carried to balance sheet
1,218,889
$198,797
xThe Investments here referred to icolnde. It is oHicially stated, the
O'Neill department store on Sixth Avenue, and the Fifth Avenue and
Thirty-eighth Street property the old Corbin residence site], both of
which were lea«ed lai«t spring under terms nhowing a large net return
on valuations considerably above their cost. In view of this fact, it
was regarded as proper to "mark up" these two properties to figures
justified by their income producing power, and to regard the excess
shown In these higher valuations as profits and applicable to dividends.
No such course was followed in the case of any other of the company's
holdings. The O'Neill property was formerly carried on the books at
cost, bat is now valued at $1,000,000, on which sum ttie property pays
8 per cent per annum net uqder a 21 year lease. - Ed.
CONSOLIDATED BALANCE SHEET (ALL COMPANIES) JUNE 30, 1903.
Assets—
Good- will of subsidiary companies
$37,041,006
Investments- Real estate, $17,153,831; less underlying
mortgages thereon, $8,638.30*
8,515,527
|
Interests iu real estate and securities in realty companies at cost, or under
3.483,893
4,183,500
Loans on mortgage
Stocks and bonds at market value June 30, 1903]
Building plant, office furniture and materials, less depre-
1,8'7'3,985
ciation
159,470
Expenditure on building contracts in progress, less payments received on account thereof
Proportion of estimated profit on ooBtraois in progress...
Accounts receivable
Cash
Total assets
1,617,185
862,147
678,865
4,824,676
$62,239,753
Liabilities —
Stock, preferred (6 p. c ). authorized, $30,CO(»,000; issued $27,011,100
Stock, common, authorized, $36,000,000; Issued
33,198,000
Outstanding stock of subsidiary companies
41,000
Current accounts payable
Accrued interest and taxes and rents received in advance
Dividend declared, payable July 1, 1903
Surplus (see Income account above)
Total liabilities
1,240,651
145,039
405.167
188,797
$62,239,753
Contingent Liabilities.— In addition
to the ordinary UablUtleB in
connection with building contracts, there are contingent liabilities estimated as follows
Loans and mortgages contracted to be made,
$?,743,000; calls on stocks not fully paid, $172,0C0; syndicate partlolpationB, $121,000,
:
Compare official statement in
V. 75, p. 1200.— V. 77, p. 206, 93.
;
GENERAL INVESTMENT NEWS-
;
BAILBOABS. (NCLUDIN» 8TBEE1' BOADS.
& Lf gan Talley Electric BailTray Co.—
;
<Sr
,
relating to the prior period.
Among these at'Jantments the most Important was that relating to
the profits on building contracts. In preparing the present accounts,
we have adopted a principle in relation to these prodts which appears
to ns to be conservative and safe, and have taken up profit on work
in progreas at the be(<lnnlng and end of the period, as follows: (a) On
buildings where the expenditure amounted to less than one-third of
the estimated total cost, no prottt is taken up; (b) on Duildlngs where
the expenditure amounted to more than one-third and less than twothirds of the estimated cost, 50 per cent of the estimated profit on the
amount actually expended is taken up; (( ) on buildings where the
amount expended exceeds two thirds of the estimated cost. 75 per
cent of the e-timatfcd profit on the actual amouLt expended is taken
up; (d) the remaining 25 per cent being retained as a reserve until the
buildings are finally completed and payments all ma^le and the aocounts in relation thereto finally closed out from the books. This
orea'es a reserve of estimated profits on expenditure actually incurred to June 30th of $598.t40.
The values of all marketable stocks and bonds have been written
down to market values as on June 30, but inasmuch as the loss shown
on this re-valuation will not necessarily be realized, we have shown
the adjustment as a deduction from the increase due to the revaluatlon of real estate still held. We found that the company was carrying as an asset certain real estate taxes and other outgoings on certain
properties, the rentals of which were not always snttlolent to show a
profit. As such payments do not In our opinion add to the value of
the property, we have charged the same against the earnings of the
period. Ihe bO'Jt vaiues ol the real estate given, with the exception
of the O'Neill property and the property at 3ith St. and 5th Ave., on
which an estimated profit has been taken, are the cost, or under, to
the United States Realty & Constiuotlon Oo. We have examined the
accounts and bills receivable and are satisfied that full provision has
been made for donbiful debts. We have verified the cash by certificates from the banks and the investments by actual Inspection.
(The) Altoona
ConsohdaMon,—The Altoona & Logan Valley Electric Ry.
The Tyrone Electric Railway Co. have been consolidated under this title. The total authorized stock of the
united company is $800,000. Both companies were controlled
by the American Railways Co.— V. 72, p. 581.
American Railways Co.—See Altoona & Logan Valley
Co. and
Electric Ry. above.— V. 76, p. 1406.
l8blatid & Iron ton Bridge Co.— Conaolidation —See Ashland
Kentucky Bridge Co. below.— V. 72, p. 1033.
&
Ashland & Kemtacky Bridge Co.— Consolidation,— Thie
company has been organized under Ohio laws by consolidation of the Ashland & Ironton Bridge Co. (V. 72, p. 1033) and
the Ironton & Kentucky Bridge Co. (V. 72, p. 282) for the
purpose of building a railway bridge across the Ohio River
between Ashland and Ironton. The authorized capital stock
of the
new company
Boston & Maine
is $1,200,00').
RK.— Increase
in
Rates— Dividends.— The
oompany recently made an advance
in freight rates of one
cent per hundredweight. This advance, it is expected, will
about offset the extraordinary increase in expenses on the
basis of last year's gro38 earnings. President Tuttle says :
There n« ver was any basis for the rumors that we would be obliged
to reduce our dividend by reason of the increased operating costs.
We are like the farmer who has his barns all painted and his property
in first-class condition, so that when a year comes when crops fail and
he is not prosperous he can rest on his Improvements and not suffer.
Last year our coal cost us $1,800,000 over normal years. We were of
course deprived of that amount of money, which would ordinarily
have gone Into the property, but notwithstanding our extraordinary
expenses, we were able to Improve the property, pay for everything
and charge it into earnings.— V. 77, p. 148.
Boston & Worcester StreetRy.— Ifor^gragre.— A mortgage
made to the American Loan & Trust Co. of Boston,
as trustee, to secure $1,000,000 of 4^^ p. c. |1,0C0 bonds dated
The consolidated income account and the consolidated Aug. 1, 1903, and due Aug. 1, 1933; interest payable Feb. 1
balacce sheet follow
and Aug. 1 at office of the trustee.— V. 77, p. 88.
:
has been
:
THB OHRONKILE
298
[Vol. LXXVII.
Branford (Conn.) L'ghtlug & Water Co.— Status,—R. C. the Middleton & Victoria Beach Ry., extending from Mid& Co. of New Haven, Conn., are offering for sale a dleton on the Dominion Atlantic Ry. and the Nova Scotia
block of the first consolidated mortgage 6 p. c. tifty-year Central Railway (the latter purcha^'ed not long ago, V. 76,
$l,OCO gold bonds, dated Ang. 1. 1901, dne Aug. 1, 1951, re- p. 751) to Victoria Beach, a distance of 41 miles.- V. 76, p. 761.
deemable at the option of the company after Ang. 1, 1906, at
Indiana Union Traction Co.— Allied Coal Company,—
110; interest payable Feb. I and Aug. 1 at the office of the
The United Traction Coal Co. has been incorporated with
Colonial Trust Co., Waterbury, Coon. Total amount author1100,000 capital stock to buy and develop coal lands in
ized, $500,000; amount iasned, |350,000.
In a circular the
Indiana. Among the directors are: George F. McCullough,
firm says:
Hugh
J. McGowan, Arthur J. Brady and other Indiana Union
Tbe company owns and operates the Branford LiittatlnK Oo.. the
Branford Water Co. and the Branford Electric Batlwav Oo., which Traction men.
rone from the terTulniis of rhe Fair Haveu & WestvlUe RR. Oo. at
Mortgage.— The mortgage recently made to the Qirard
Warren
Eaet Haven, extending east abiiQt <i mtieii, touching the varloas summer resorts and reaching Branford oeuter. The road Islbelng double- Trust Co,, of Philadelphia, as trustee, will secure not to
traoked and now b.'ts a total of something over 13 miles of track. exceed #5,000,000 of first mortgage 30 year 5 p, c. 1 1,000 gold
Tbe company has a very favorable operating contract with the P. H. <k bonds. These bonde will be dne July 1, 1933, but are subject
W. RR Co., by which cars are ran from the Yale Field through to call for the sicking fund after July
1, 1904, at 105 and
New Haven direct to Bri*nford Center without change. The earnings
ol the combined comprtules for ths year ending Dec. 31, 1902, were as interest, and are redeemable as an entire issue at the option
of the company at said price on any interest day (April 1 and
follows: Gross, !f.'S'.>'74; net. $<1.7ft2; Interes on bonds, $17,500;
balance, surplus, $17,252, applicable to taxes and dividends on etook. Oct. 1) after July 1, 1908.
The sinking fund is to receive
—V. 76, p. 114^,
each July 1 an amount of cash equal to 1}4 p c. of said bonds
Baffdlo & Su^qaehanna RR.— Ca/2&i Bonds, First mort- then outstanding, together with the interest on the
redeemed
gage 5 per cent bunds of 1893 to a total of $32,500, called for bonds, the latter being held alive but stamped non-negotiable.
payment, will be redeemei at pir aud accrued iaterest on The present issue is to be |1, 000,000.
Oct. 1, 1908, by Harvey Fisk & Sons, No. 29 Nassau St. IqThe remaining $4,000,000 bonds are Issuable from time to time for
tere3t will cease on Oct. 1, 1903.— V. 77, p. 249,
extensions, additions, new equipment. Improvements, etc. (which are
—
—
Oleirfleld Viy.—Leaae, The shareholders of
this company, recently formed by consolidation, wiU vote
Ang. 17 on leasing the property to the Pennsylvania RR. Co.
Cambria &
—V.
77, p. 195.
Cbarle8tou(S.C.) Terminal Co.— Reorganized Company.—
This company has been organized with |200,000 capital stock
m
to be subject to the mortgage), but only on resolution of the board of
directors, and also on a sworn statement of the President or VloePresldent of the company, showing that Its net earnings— or if the
request for certification [of the bonds] Is made prior to July I, 1904,
the net earnings of the ojuipaay and it;s lessor (the Union Traction Oo,
of Indiana) -for the year immediately preoeedlut; such request were
equal to all payments reqilred t) be made for such period, under the
company's lease of the Union Traction Co. of Indiana, and to the
interest for twelve months and JSO p. o. In excess thereof upon all
bonds secured by this mortgage, whether they have then been Issued
or are included in such request.— V. 76, p, 1407.
consideration of which and $500,000
bonds it has acquired the property of the former E^st Shore
Terminal Co. aud the Commercial Wharf & Cotton Press Co.,
luterborongh Rapid TransltRj., New York.— PitrcTiaM.—
recently purchased at foreclosure sale by R G. Erwin, PresiSee New Yorft & Qaeens County (Electric) Ry. below.—
dent cf the Atlantic Coast Line RR., and Fairfax Harrison,
V. 76, p. 705.
solicitor for the Southern Ry. Co.
IrontoB & Kentaeky Bridge Co.— See Ashland & KenThe new company has ma'le a first mortgage to the Stand
ard Trust Co. of this city, as trustee, to secure |1, 000,000 of tucky Bridge Co. above.— V. 72, p. 283.
4 p. c. $1,000 fifty year gold bonds. Of these bonds $800,0J0
KnoxYllle & Bristol RK.— /Soid.— See Knoxville & Ohio
are for immediate nse and $200,000 are to be held in reserve RR, below.— V. 75, p. 1354.
for betterments, The capital stock is owned jointly by the
KnoxTille & Ohio RVL.— Acquisition.— Thia company,
Atlantic Coast Line RR. Co, and the Southern Ry. Co. which is leased by the Southern Railway Co., has
acquired
The bonds are dne July 1, 1953; interest payable Jan. 1 and control of the stock of the Knoxville & Bristol RR,, 40 miles,
July 1. The officers and directors are
and also the Tennessee Northern RR,, which is owned by the
William E. Hager, President; W H. Hendee, Vice- President; R. Q. La Follette Coal Iron & Ry. Co
The Knoxville & Ohio will
Lankford, Treasurer; H^nry Fraser. Srtoretary; H. C. Prince, Auditor
authorize a mortgage for 1153,000,000, of which $2,000,000 will
R. G. ErwIn, Fairfax Hirrlson, William E, Huger, R. G. Lankford
be reserved to retire its outstanding first mortgage bonds at
and C. B, Gadfden. directors.
maturity,
and the remainder will t>rovide for the new acquiChicago Rock Island & Facifle By.— iViet« Mortgage.—
"While no official stitement has appeared regarding the pur- sitions and future requirements.— V. 48, p. 128.
La Follette Coal, Iron & Ry.— See Knoxville & Ohio RR.
poses for which the new bond;', mentioned last week, are to
be applied, thoee informed pronounce as generally correct above.— V. 76, p. 102.
a published compilation which nhows the following as the
Lake Shore Electric Ry.— Ab Purchase— Option to Shareleaains; items for which some amount of the new bonds may holders.— See Sandusky Gas & Electric Co. under "Indusbe issned in the relatively near future, provided financial trials" below.—V. 76, p. 1143,
conditions are favorable
Looar Island RR.— Real Estate Purchase. The company
New roads balli and unbonded, 800 miles] (see Spage
$16,000,000 recently arranged to purchase the greater part of three long
119 of Investors' Sopplemknt), say
blocks in tbe neighborhood of the Fiatbush Avenue Station
St. Louis Kansas City line balldlng, with second track,
bridges, stations, etc., say
10,000,000 in Brooklyn. Tbe property in quedtion lies between Fifth
•ne-half of tbe cost of the Rook Island-Lake Shore station
1,800,000 Ave., Vanderbilt Ave., Atlantic Ave. and Pacific St., and the
in Chicago
1,500,000 amount involved is supposed to be about $500,000.— V. 76,
Shops building at Moline, III
in shares of $100 each,
:
;
—
Possible refnndinif of •*18,<joo,000 'Frisco collateral 5 p.
bonds, subject to call at 102
o.
18,360,000
The
limit of the authorized issue is placed at $250,000,000,
to provide for the refunding of all underlying bonds at or
before maturity and for capital outlays for many years to
come,— V.
77, p. 249, 88.
it Northwestern B.j.—Foreclo&ure.-Thxs company's property has bpen ordered to be sold under foreclosure. The Mercantile Trust Co. of this city is the mortgage
trustee.- V. 74, p. 986
Colorado
Colainbna Lon4'>n
&
Sprlngfletd (Electric)
Ry.— See
Dayton & Western Traction Co, below.— V, 77, p. 88.
Dajton He We*tern Traction Qo.—Indianapolis, Ind., to
Columbus, O., 184 Miles, by Trolley— This company has
about completed its line from Dayton, O., to Richmond,
Ind, 41 mile?, thus forming with tbe Indianapolis
&
Ejstern
Interurban Ry. and the
Appleyard system (see map on page 31 of Street Railway
Supplement) a through trolley cone ectlon from Indianapolis,
via Dayton, to Columbus, O, a distance of 184 miles. On
July 31 a car was run between the two termini named. It is
expected to make the regular running time over the line
Sleeping cars
1},^ hours, and later to reduce it to 6 hours.
are being built for the through service.
Delaware k Hadgon Co.— -Werged,— The property of the
controlled company, the Schenectady & Daanesburg RR,,
has been taken over under aq'iit-claim deed
Merger.— See Cbateangay «fe L^tie Placid RR, in last week's
Ry., the
Richmond
Stref-t
&
Chronicle (p. 249) -V. 77, p. 88,
East Shore Terminal C<».— Successor.— See Charleston (S.
C.) Terminal Co. above.— V 77, p, 148.
Grand Trunin By. of Cana<la.— iVew Stock.-The shareholders will meet in London on Aug, 24 to authorize the
directors to is-sne additional 4 per cent guaranteed stock,
under the Act authorizing the increase thereof from £5,220,000 to £10,000,000 (Compare V, 76, p. 919, 972).— V. 77, p. 88,
Halifax & Sonthwestern Ry.—Purc?icMe.— Messrs. Mackenzie and Mann are reported to have bought for this system
p. 435.
LoaiSTille Traction Co,— New Offlaers.— The election of
the following cfficers is announced: St. John Boyle, VicePreei' lent and General Counsel; Samuel G. Boyle, Secretary
and Treasurer; Alexander H, Davis of London and H. H.
Littell of Buffalo directors, to suocfted Messrs. Dailey and
Mitchell of New Jersey, resigned.- V. 77, p, 198, 89.
Mansfield (0.) & Eastern Traction Co.- Mjrtgage, Etc.—
This company, incorporated in New Jersey on Jan. 7, 1908,
with $1,200,000 of authorized capital stock in $100 shares,
half of which are preferred ($396,000 of each class being now
outstanding, has made a mortgage to the Central Trust Co.
of Cleveland, as trustee, to secure an issue of $600,000 of
6 p. c. $1,000 gold bonds. These bonds are dated July 14,
1903, and are due July 14, 1933, but are subjact to call to any
amount on July 14, 1908, or any interest period thereafter
(Jan 14 and July 14), at 105 and interest. Tbe road is to be
18 miles in length, extending from Mansfield to Ashland, O,,
via East Mansfield, Petersburg, Lake Park and villages of
Mifflin and Steamtown. Extensions are also projected from
Lake Park to Perrysville and Landonville, 12 miles, and from
Lake Park to Wooster, 22 miles. A sinking fund is "created
in advance for retirement of the bonds at their maturity by
twenty single-premium lite insurance policies, aggregating
$600,000, in the Provident Savings Life Assurance Society of
New York City," President, Wm. J. Pentz; Secretary,
James W. Galbraith; Treasurer, James J. Magnire.
Merctiants' Bridge C«, St. Louis.- See Sfc, Louis Merchants' Bridge Terminal Ry. below,— V. 56, p. 414.
iHetrnpolitan West Side Elevated Railway, Chlcag.).—
August Semi- Annual Dividend Deferred. After the meeting
of tbe directors on August 3 the following offir;ial statement
was made public by President Dickinson MacAllister
" In Tiew of the fact that the net earnings for four months only are
now actually known to the directors, and that, owing to the increased
cost of operation, the lnorea«ed cost of materials and supplies, and the
extraordinary settlements for damage and Injury suits formerly
—
:
pending, the board has for the present deferred until the end of the
ilsoal year (on Fe >. 28, 1904.) any deolslou as to tbe payment of dividend on the preferred etook.
August
8,
THE CHRONICLE.
1908.]
Semi-annnal dividends have been regularly paid on the
preferred shares since Feb. 28, 1900, the last two distributions having been at the rate of 3 p. c. per annum.— V. 77.
p. 89.
Mex'cin Central tLj.—Readiustment.—Xxx
nouncement will ba made, it is expected, the
anof next
week, through Ladenburg, Thalmtinn<S; Co., ctfering to pnrchaae.the first aud second income bonds under a plan for the
readjustment of the junior securities. It is understood that
in accordance with the scheme the company has sold to a
foreign syndicate $10,000,000 of i^i p. c. collateral trust
bonds.
,
^.
L. Stow, who was reStock.— The stocft holdings of
cently prominent In the management, it is understood, have
Co., both of which
passed to Speyer & Co. aud Kahn, Loeb
firms hold a large interest in the property. The control,
however, remaios, it is said, with H. Clay Pierce and St.
Louis and Boston associates.— V. 77, p. 250.
officsial
first
W
&
Montreal Street Railway.— iVb New
S^oclfc.- SecretaryTreasurer W. (1, RosH, leplying to our inquiry, says, under
date of August 3 "We have not decided to issue any new
stock."— V. 77, p. 251.
:
New York & (Jaeens Conrty (Electric) B.y.— Purchase.—
The United States Mortgage & Trust Co., as trustee, has
purchased control of this company in the interest, it is supposed, of the Interborough Rapid Transit Co.—V. 76, p. 654,
1301.
Norfolk & Western Kj.— Purchase.— &.t the annual meeting on Oct. 8 the shareholders will vote upon the acquisition
by purchase, consolidation or merger of the line of railroad,
property and franchises of the laeger & Southern Ry. Co., of
the Kenova & Big Sandy RR. Co. and of the Qnyandot &
Tug River RR. Co. See V. 75, p. 503; V. 76, p. 1408.
Northern Secarlties Co.— Favorable Decision in Minnesota Cose.— Judge Lochren, in the United States Circuit
Court at St. Paul, on Aug, 1, decided in favor of the defendants the suit brought by the State of Minnesota against
the Northern Securitiee Co., the Great Northern Ry. Co.,
the Northern Pacific Ry. Co., and James J. Hill, as President of the Northern Securities Co., and individually, for
alleged violation of the State law against combinations in
restraint of trade or commerce. Judge Lochren's decision
Bays in part:
Neither the Great Northern Company nor the Northern Paolflo
Oompftoy were parties to, or In their corporate capacity had anything
to do with, the foTmutlon ol the Northern Securities Co., nor of any of
the oontraots or proceedings complained of in the bill. The Northern
Becurltlee Co. la merely an Investor In and owner of a majority of the
stock of each of these two railroad compaules. It has done no act and
made no contract In restralot of trade or commerce.
I am compelled to reject the doctiloe that any person can he held to
have committed, or to t)e purposing and about to commit, a highly
penal oflenee, merely because It can be shown that his pecuniary interests will be advanced thereby, and that he has the power, either
directly by himself, or Indirectly through persuasion or coercion of
his agents, to compass the commission of the offense. * * * The
Northern Securities Co. is but an Investing stockholder In these two
railroad companies, without power to consolidate them or to Interfere
with the management or control of either. Because of its large holdings of these stocks it may elect the board of directors of each, who
must be ocmposed of entirely different persons. Each board will appoint the otlicers and control the business and alfdlrs of its own corporation and will naturally seek to increase its hnsioess and crosperlty. Neither has any power to control the other nor to contract
with the other in restraint of trade. There is no presumption that
either will disobey the law or be guilty of the oommlBsion of penal
offences.
Should they do these things then the Anti-Trust Act of Minnesota
will be for the first time violated, and the railroad corporations
their offending officials will be amendable to punishment and to
propriate legal or equitable proceedings.
and
ap-
announced that the State of Minnesota will appeal the
case. The decision in full was in the "Minneapolis Tribune"
of Aug. 2. See also the editorial columns of to-day's
Chronicle.
There are two other cases pending against the company,
one the suit of the United States Government for violation
It is
299
The company has
in progress extensive Improvements that will enan outlay of perhaps near $250 000. The branch Uiie out Douglas
Avenue, opened last summfr, has proved such a sucoesH that it became neces-fary to double-track it, and that wlil be completed in a few
days. Then an extension of the service to Carleton Is to be commenced and a circuit of about 6 miles will be added to the line. Extensions of the line in the city proper are also to be andertaken and
valuable additions made to the power plant.
tall
St. Loai8 Merchants' Bridge Terminal Uy.— Unlawfitl
Combination Alleged. At Washington, D. C, on Aug. 4 the
Secretary of War, Elihu Root, issued an order to tbe Merchants' Bridge Co. of St. Louis (leased to the St. Louis Merchants' Bridge Terminal Ry Co.) requiring It to ehow cause
—
within thirty days why the Government should not take possession of tbe company's bridge. This action was tc&en
under the section of the company's charter which provides
that in case the bridge should come under the control of the
owners of any other bridge across the river at St. Louis, the
charter shall be forfeited and the bridge become the property
It is
of tbe United States without legal proceedings.
charged that the arrangement under which the Terminal
Railroad Association (the owner of the Eads Bridge) operates
the Merchants' Bridge is in contravention of the charter proAs proof of the relation existing between the comvision.
panies, the complainants in connection with their statement
to the War Department submitted a copy of the circular
asking
letter sent out to investors by J. P. Morgan & Co.
for subscriptions to the new bond issue of the Terminal
Association. (V. 76, p. 267).—V. 62, p. 868.
St. Louis Southwestern Ry.— See St. Louis Southwestern
Ry. of Texas below.— V. 77, p. 90.
St. Lonls Southwestern Ry. of Texas.— Bonds.— The
stockholders have authorized the making of an issue of bonds
to cover the Texas & Louisiana RR which was recently purchased and will be extended so as to run from Lufkin to
Newton, Jasper County, Tex., a distance of about 70 miles.
(See V. 76, p. 1086.) The bonds will be 5 per cents, dated
Aug. 1, 1903, and will mature in thirty years, the authorized
issue being limited to |25,000 per mile. Whether these bonds
will be sold or will be pledged as part security for the first
consolidated mortgage of the parent company, which would
in that case issue its own bonds in their stead, has not yet
been determined.
Sonthern Railway.- See Knoxville & Ohio RR. above.—
V. 77, p. 90, 88.
,
,
Terminal Railroad Association.- See St. Louis Merchants'
Bridge Terminal Ry. above.—V. 77, p. 90, 38.
INDUSTBLiL. HAS AND MISCELLANEOUS.
American Telephone & Telegraph Co.— Resignation of
Vice-President. —The "Boston Financial News" says:
An official of the company says with reference to the recent resigna-
tion of Vice-President Cummings that he retired of his own accord and
for personal reasons. Mr. Cummings was in no sense a representative
of the Morgan interest, as has been claimed, and his retirement was
wholly without significance. This same gentleman adds that the
recent selling of the stock was almost wholly that of small holders,
who for various reasons, chiefly perhaps for protection of other InterHe is very emphatic in his
ests, had been forced to liquidate.
declaration that none of the large New York or Boston interests have
sold any of their holdings. Subscriptions to the new stock aggregate
considerably more than thesubsorlpilons for last year's issue amounted
to at this time. The business continues eminently satisfactory; indeed at no time in the history of the corporation have conditions been
equal to those prevailing at present.— V. 77, p. 39.
Lumber Co.— Sold,— At the foreclosure
on Aug. 3 the plant was bid in by Samuel Norris and
Charles McVeagh for 1 1,000,000 and the personal property
Atlantic Coast
sale
for 150,000. The successor company will, it is stated, be
as the Atlantic Coast Lumber Corporation. The reorganization plan was in V. 77, p. 197, 91.
known
Bay State (Jas Co. of Delaware —iVew SmY— Receiver
Pepper on Aug. 5 filed an equity suit at Boston in the Supreme Judicial Court of Massachusetts against H. H. Rogers
of the Sherman Anti-Trust Law (see decision adverse to of New York to recover 13,000,000 alleged to have been recompany in V. 76, p. 811); the other the suit brought by the ceived by the defendant as trustee from the New England
Gas & Coke Co. in connection with the sale of his interests
State of Washington.— V. 77, p. 147.
In certain gas companies in Boston.— V. 77, p. 252, 198.
Pontlac Oxford & Northern BR.— Li^igrafton.— StockholdBourbon Stock Yards Co. (Louisville, Ky.)—jF'tre.—The
ers Charles H. Stone, Elijah W. Sells and William H Barcompany's
plant was burned on Aug. 5, causing a loss estimbour, of New York City, on Aug. 1 applied to the Oakland
ated at 1225,000.— V. 71, p. 700.
County Circuit Curt at Pontiac, Mich., for the appointment
Buffalo (N. ¥.) Gas Co.— See Buffalo Natural Gas Fuel Co.
of a receiver for the company on the ground of mismanagement. The bill of complaint charges that the road is in bad below.— V. 77, p. 34.
physical condition, its income being used in the payment of
Buffalo (N. Y.) Natural Gas Fuel Co.— New Pipe Line.—
big salaries to its officers, and that President Hugh Porter The company has completed 35 of the 61 miles of 12-inch gas
holds 1400,000 that should be turned into the treasury of pipe which it is laying to its new Pennsylvania gas wells
the company. Judge Smith granted a temporary injunction near Bradford, Pa., and expects to have the entire line in use
restraining the company from paying President Porter his not later than Oct. 15, more than doubling the plant's capasalary of |12,0( 0. A friend of Mr. Porter states that the case, city. The gas properties which are thus to be tapped were
which is the outcome of long litigation, is "grossly over- purchased last year for a sum stated as $875,C0[). The new
stated."
pipe line will cost about $600,000. raising the company's total
Bock Inland Comppny.— iVeic Mortgage.— See Chicago investment, it is said, to about $3,000,000.— V. 73, p. 1163.
Rock Island & Pacific Ry. above.— V. 77, p. 251, 148.
Canadian Westingbouse Co.— Incorporated.- This comSaginaw-Bay City Ry. & Light Co.— incorporated.— This pany, has been incorporated in Caaada with $2,500,000 of
company was incorporated in New Jersey on Aug. 3, with authorized capital stock, the incorporators being
George Westinghonse. Pittsburgh, Pa.; Henry H. Westinghoase.
$3,000,000 authorized capital stock, to carry out the merger
:
New York; Geo. C. Smith, Plttsbureh; Frank H. Taylor, Pittsburgh;
L A. Osborne, Pittsburgh; Thomas Ahearn and Warren Y. Soper, Ot-
referred to in V. 76, p. 1250.
St.
John (N. B.) Street
Rj—New
Stock
—The
ers voted on July 27 to increase the capital stock
000 to 1800, Ol 0.
special correspondent of the
Times" of Toronto writes as follows:
A
sharehold-
tawa; Paul
J.
Myles, Hamilton, Ont.
from $500,The Westingbouse interests, it is announced, have ob"Monetary tained a 11,000,000 contract for the Hamilton (Ontario) Electric
Light
& Cataract Power Co.
(V. 76, p. 1407).
—
—
THE CHRONICLE.
300
[Vol. LXXVII.
The agreement provides that in place of a mail contract
Concord (N. H.) Electrio Co.—£ar«ingis.—Thompson,
Tenney & Crawford, who recently offered a block of the by weight, the British Post Office shall pay to the company
company's bonds at 101 and interest, report for th« calendar $340,000 annually for twenty years, dating from the first
year 1903 gross earnings, $57,339, and net, $26,163; for the sailing of the second of the two new steamships, for a highsix months ending Jnue 30, 1908, gross, |31,149, against |28,- 8P:»ed weekly mail service between Q leenstown and New
256 in 1903. andjnet, |18,259, agaiust $' 1,614. The bonds are York. The Admiralty abo will pay a retaining fee of $375,part of the authorized is-ne of $350,000 (outstanding $300,- 000 a year on each of the new twenty- five knot boats, and
OOO) first mortgage sinking fund gold 6s due Jan, 1, 1931 but will virtually gain control of the entire Cnnard fleet with
subject to call after J.^n. 1. 1906 aU07>2 and Interest. The the contingent use of all the officers and half the seamen.
comp-iny controls the electric-lighting business of the city, See further particulars in "New York Times" of Aug. 5 and
genera 'iig electricity at its own water power station at V 77, p. 258, 198.
Sewell's Fills. Franchise described as perpetual,— V. 75, p. 613
Dominion Coal Co.— See Dominion Iron & Steel Co. beConsolidated &a*« Co., New York. —New Stock.— la order to low.— V. 76, p. 1145.
provide funds for making improvements and for acquiring
Dominion Iron & Steel Co.—CanceUition of Lease.— The
other property, it ha^ been decided to issue an additional boards of directors of the Dominion Iron & Steel Co. and
Tue authorized stock is |80,OCO,- the Dominion Coal Co. have agreed on the terms on which
16 562.598 of capita', st-^ok
OOO, of which $73,917,758 94 has already been issued and is the lease between the two companies shall be canceled.
now outstanding. Stockholders are offered the privilege of The shareholders of the respective companies are expected to
subscribing to the new stock, at tLe price of $'.50 per share, ratify the plan on Aug. 19. A director is quoted as saying:
,
to the extent of 9 per cent of their holdings of record on
Aug. 27, 1903. This privilege will expire at 8 P. M., Sept. 9,
1903, and payment for such stock must be made on or before
Sept. 15, 1903, at the N.itional City Bank of New York, No.
52 Wall Street, New York. Scrip will b) issued for frac
tional shares, which will be convertible into stock in
multiples of flOO until Dao. 31, 1998, after which date
unconverted scrip may, at the option of the company, be re
deemed in cash at the rate of $160 per share. The temporary receipts, which will be issued on payment of the subscription, will be exchangeable on and after Sept. 18, 1903,
for certificates of stock. Such stock will not entitle the
owner to dividends declared prior to that date.
Conference.— representative of the company recently had
a satisfactory conference with Mayor Low, Comptroller
Grout and Commissioner Monroe of the Department of
Water Supply, Gas and Electricity, on a proposed re- adjustment of the prices for the gas and electricity supplied to
the city and also on the terms to be paid by the company for
permission to remove its gas tanks to Ravenswood, L. 1
dual settlement, it is expected, will be reach^^d by the time
the Board of Estimate meets again in September.— V. 76,
A
A
p. 1087.
Consolidated Lake Saparlor Co.— Bords.—Negotiations,
understood, are in progress for the underwriting of the
bond issue, but no inforaiation is obtainable regarding the
probable outcome. President Shields early in the week was
quoted as saying in substance
Speyer & Co., -who advanced n8 money when it was absolutely
it is
:
necessary to have it. have been very lenient. They oonld have called
their loans Joly 10. and taken over the entire property. Instead
tt^ey have f^lven as until September 15 to make payment. Now onr
Bhareholdrrs have until Augaet 10 to pay off the loan and farnlfh
necessary working capita). If they cannot do this then we mast look
elsewhere; but I trust that In the meantime the bands will all have
been taken by onr own people.
Earnings,— The Philadelphia News Bureau" says that the
directors have received a report showing that the company's
net earnings for July were $165,000, an increase over June of
'
$40,000.— V. 77,
p. 253.
Consolidated Tobacco Co.— Purchase.— The large tobacco
rehandling plant of Nat. F. Dortch/& Sons at Thirteenth and
Rowan streets, Louisville, has it is understood been purchased byo: in the interest of the Consolidated Tobacco Co.
The capacity of the plant is stated as nearly 5,000,000 pounds
a day. According to Louisville advices, the purchaser will
transfer its two large rehandling factories in Naw Orleans to
Loaisviile and thereafter its entire rehandling basiness will
be handled by the Mithews plant, which was purchased last
spring, and the Dortch plant.
Negotiations.— ESortB are being made to effect an alliance
between the Loaisviile Tobacco Warehouse Co. (V. 71, p.
1162,) and the consolidated interests, with possibly, a loan
from the latter to the former.— V. 77, p. 149.
Cramp Steel Co.— Stock Offered.— The Allegheny Trust Co.
of Pittsburgh recently rectived euoscriptions at par for
$250,00)of the 12,000,030 7 per cent cumulative preferred
stock, with each share being given one-halt ehare of the [$3,An advertisement says:
000,000j common stock.
The company has built and equipped at Colling wood, Ontario, Canada,
one of the largest and most modern steel plants In the Province of
Ontario. Canada,
It
hiving a dally capacity of 120 tons of flnlshed
steel. The company has bought and paid for In fall all of Its proper
ties. Including Iron and coal mines, and has no; obligations on capital
account, apart from those to sharehoMera. The company his suffloi-
ent orders on hand to tax the capacity of the plant for the next six
montha and has made arrangements with one of the largest Iron and
steel concerns in Canada to take the entire output for the year 1904.
On the basis of an output of 43,200 tons per annum, the bounty from
the Dominion Ooveroment will afiord the comp my for year ending
JuneSO, 1904. $194,400; 1904-5, «142,560; 1905 6, $90,720; 1906 7,
$51,840; total bounties, $479,520. Estimated annual profits from
plant at Colllogwood. $360,000; average yearly bounty from tbe Dominion OoTernment, $119,380; total yearly profits, $479,8dO.-Y. 74,
p.
1254.
The separation of the two oompantes will be beneficial
The chief reason for the steel company's giving np the lease
It needs capital to complete Its flalnhtng mills, which It
could not obtain and at tli3 same time tlad the necessary capital to
carry on the coal business. It has over $2.0)0.000 Invented In the
fluanoe.
latter d.<partment, which will now
committed to capital expenditures
fl^t.
be released, and It wa^ be'tldes
on the coal property, chiefly In
completing the great works at Dominion No. 2, which will cost in all
approximately $2,000,000 from the c^mmencemeut some three years
ago to the completion at the end of this year. The coal company,
which is financially very strong, can develop the coal property without being hampered for want of capital, and the steel company Is by
this arrangement enabled to erect finishing mills, which will turn oat
Its product In a readily marketable form.
circular regarding the matter will be issued to the
A
shareholders shortly.— V. 77, p. 149.
Eastman Kodak Co. -Subsidiary Comp xny. — The Rocheswas incorporated at Albany on Aug. 3 with
ter Optical Co.
$100,000 authorized capital stock, presumably as successor of
the Rochester Optical
Camera Co. The directors are
George Eastman, W. S. Hubbell and A. O. Fenn, Rochester.
&
Compare V.
77, p. 253.
Littpation.— Theodore E. Hastings and Hirry G.Miller,
dealers in photographic supplies at 118 Nassau St., have
begun criminal proceedings under the Anti-Trust Law, before Justice Wyatt of Special Sessions, against the Eastman
Kodak Co. and the American Aristotype Co., charging a
criminal conspiracy to create a monopoly in the manufacture of photographic supplies —V. 77, p 253.
Edisoa Electrle Co. ot Lob Angeles.— Cabled Bonds.—8ee
Redlands Electric Light
Power Co. below.— V. 75, p. 1089.
Electric Co. of America.— ^arrtfngs. —The surplus earnings for the half-year ended June 80, 1903, after deducting
the fixed charges of the subsidiary companies and the ex
penses of the Electric Co. of America, are reported as $180,699. an increase of $32,516 over the same period in 1902.
V. 77, p. 198.
Elilott-Flsher Company (Book Typewriters, Billlof
machines, Etc.) Status
This company was incorporated
under the laws of the State of Delaware on June 15 with
$10,000,000 of authorized capital stock in $100 shares, onehnlf of which is preferred stock, 7 per cent non -cumulative
&
—
is common stock; of these amounts, $4,500,000
preferred stock and $4,500,000 common stock have been issued
in the acquirement of the manufacturing plants and other
properties of the Elliott-Hatch BvX»k Typewriter Co. (capital
stock $1,000,000) and the Fisher Book Typewriter Co. (capital stock $1,000,000, V. 72, p. 189) and also all properties of
the American Railway Typewriter Co,, American Standard
Typewriter Co. and Keystone Co. The consolidated company owns between 150 and 200 patents, which cover the
entire field of book typewriting machines. The oflficers of
the company are:
President, Hon. J. D. Cameron, Harrlsburg, Pa.; First VloePresident. Grant B. Schley, New York, N. Y.; Second Vice President, M, J.
Mandelbaum, Cleveland,©.; Secretary and Trensarer, E. H. Sohley,
New York; General Manager, H. J. Halle, New Y'ork.
The Fisher Typewriter Co. occupied three floors of a building on Haron St., Cleveland, and employed 180 men, The
Elliot
Hatch factory is located at Harrisburg, Pa., and Its
capacity will be increased. In addition it is proposed to construct a third factory somewhere in or near New York
City, probably in Brooklyn,
The company has no liens, bonds or mortgage outstanding.
Its offices are located at 896 Broadway, N, Y.
and $5,000,000
,
&
Erie- County (Pa.) Electric Co.— Con»oKda<ion.—This
company has been formed, with $260,000 stock, by merger
and consolidation of the Edison E'ectrlo L'ght & Power
Co. and Erie County Electric Co. Of the stock $184,300 is
C. H. Strong,
outstanding; par of shares $100. Directors
5 C. Walker, T. G. O'Dca, M. H. Taylor and Henry Tibbals
:
of Erie.
Canard Steamship Co.—Agreement with British Government. -A press despatch states that the agreem jnt of July
80 between the Admiralty, tne Board of Trade, the Postmaster- G?neral and the Canard Steamship Co. was printed
by a Parliamentary paper on Aug. 4 Accompanyin.i^ the
agreem'^nt was given the draft of a trusi deed securing the
deben'ure stock on which th"? Government will make its
advance of $13,000,000 for the building of two new steam
ships witb a speed of 24 to 25 knots. The loan will bear interest at 2% percent, and is to be repaid in twenty annaal
instalments; it will rank as the first charge on the entire
to both.
one of
is
6
The company owns the
Power Co aad through
fee
of
Edison Electric Light
the fee of the Erie County
Light Co.; also fee of Terminal Street R?, Co. by a previous
consolidation. There are outstanding $295,000 Erie County
Electric Co. first mortgage sinking fund gold 4s of 1931,
authorized Issue $500,0)0, due Jan, 1, 1952, Continental Trust
Co. of New York, trustee: also $174 000 Edison Electric
Power Co. fir&t mortgage gold 6s of 1892 ($300,000
Light
authorized), due in 1943, New York Security & Trust Co.,
Presitrustee. All interest is payable Jan. 1 and July 1.
dent, Charles H. S:rong; Secretary, S. C. Walker; Treasurer,
H. G. Douglas.
,
&
it
—
August
THE
8, 1903.J
(
HROVK
EyaosTille (Intl.) Gas (o.—New Company.— This company
has been incorporated with |2'^0,000anthonz«d capitnl stock,
the Jncorporatora being S. P. Gillett, A. D. Booth, W. F.
Williams, M. L. Myer and A. W. Weil.
Evrn'^TllIe (Ind.) Was & Electric
Co. above.— V. 76, p, 7C8.
Co.— See Evansville Gas
Fisher Book Tfpe»TrlterCo.— ConsoZiiafion.— See Elliott
Fieher Co. above,— V. 73,
p. 139.
lDt(rn<ition 1 Here mtlle Marine Co.— Agreement with
British Qovemment —The leading daily newspapers pab
lish'-d yesterday ihe gist of the agreement between the com
pany on the one h^ind and the British Admiralty and the
British Board of Traie on the other safegnarding the interests of Great Brlt>.in in the management of the Boglish
comoaDifs, members
are
of the combine.
Among
the provisions
:
British ship shall be traneferrert to a foreign reRlatry without
the ooneenl of the President f the Board of Trade. The vessels shall
oonttnae to be f tfloerpd by Biltlsh subjects and carry the same proportion of BrltlsU •allors us Is prescribed In the case of other Bt itlsh
ships. The veesels chaU BtlU be subject to hire or pn'^cha!<e by the
Admiralty on the same terms as heretofore. A.t least one moletv of
the torra«e built or acquired dnrlng the oontinnance of the agreement (hall be registered cm British.
No
<
The agreenent is to continue for twenty years, datirg from
Sept. 23, 1903, and will be terminable thereafter at five years'
nctice on either side; the British Government has the right
to terminate it at any lime should the combine pursue a
policy iFJurious to British interests.
Aid to CuTiard Steamship Co.— See that company above.
V. 77,
p, 199, 93.
Kansas City Stock Yards Co.— Bond*.— Sharehclders of
record Aug. 10 are offered the right to subscribe at par, to
the amount of $1,000 for each $11,000 of stock held by them,
respectively, for an issue of $750,000 10-year 5 p. c. coupon
bonds, to be dated x\ng. 1, 1903, and to be convertible into
stock at the option of the holder on any coupon day after
Aug. 1, 19P4, Subsc^riptions will be payable 50 p. c. Aug. 15
and the remainder in two equal instalments on Ojt. 15 and
Dec. 15, when the bonds will be issued. Chairman Charles
Francis Adams, in a circular, says :
The total receipts of cattle at the stock yar 's in 1902 were the
largest In the history of the company, amounting to 2.082, f 41 head,
as compared with an averaf^e annual receipt of J, 300. 000 head ten
years ago, an iQcreasp of 60 p. 0. OWng to the destructive drought
of 1901 and the consequent shortage In the corn crop, the number of
hogs received In 1902 fell off 1.437,067 from 1901, a decrease of 38 p.
0.; but owing to the increased productive capacity of the country the
supply of hogs in ivt02 was under moat adverse conditions practically
as large as the average supply under normal conditions ten years ago.
The number of sheep (1.154.034) received in 1902 was larger by some
20.000 than in any previous year.
To accommodate and handle quickly this large number of animals.
It has been found necessary not DC ly to increase the facilities of the
yards and oonritrnot more commodious and safer bridges In place of
those destroyed by he recent tlood, bnt also to strengthen the local
market and manufacrurlng plants. With this end in view, contracts
hare been entered luto looking to the establishment of additional
packlrg-house facilttes immediately about the yards, the result of
which must be greatly to increase the net income of the company.
The net income duilng the last five years has been as follows
1
Net ear 7} in gs.
Tear,
Dividends paid,
Surplus, invef led
inimprovem'ls.
$6»a,899
1902
$479 910
$173,989
1901
640,245
455.190
185,055
1900
603,062
444,825
158.237
1899
623,932
444,645
179,287
The additional Improvements now projected and the contracts entered into in furiheranoe thereof will involve a considerable outlay, a
portion of which it is proposed to meet out of surplus profits. The remainder, estimated at $750,COO, will be provided for by sale of the
aforesaid bonds.
The authorized issue of capital stock is |8,25O,0OO, which
will be increaaed to |9,000,000 to provide for the conversion
feature of the new bonds. Of the bond issue of 19C0, $528,000 has been turned into uock, leaving $234,C00 cu'standirg, pgairst the conversi a of which an equal amount of the
$8,a?50,0C0 stock is reserved, leaving |8,0i^6,000 thereof outstanding.— V.
76, p. S69.
Louisville Tobacco Warehouse Co.— See Consolidated
Tobacco Co. above.— V. 71, p. 1070.
Misnii AErieTfiniil Transportation Co.— Beceivera' Certificateg. — Jndge Kosea o£ the Superior Court at Cincinnati
authorized on July 30 the iseue of $5,000 of recf iv^rs" certificatts for repairs between Hamilton and Middletown.
Con-' iructton.— Under its contract with the State the company still hag until Sept. 1, 1904, to complete it;8 line to Dayton, and until March, 1995, to construct the road to Toledo,
exclueive'of the delays (said to have aggregated eleven
months) caused by litigation. On the 68 mi If s between Cincinnati and Dayton track is laid on 6Si^, poles set on 61
wires strung on 54, ballast laid on 28,
Earnings, —The earnings for July were $3,207, viz., Ist
week, |7ll; 2d week, $911; 3d weak, $796; 4th week, |889.—
—
:
,
:
l.H
—
.
301
gx—The "Boston
Financial News" eajs:
an oniolal statement of earnlnKS for the ye.ir ending
Deo. 31, 190J: Gross earnings, $1,549,531; operating expenses
$1,237,709; net earnings, $311.82?. The interest on the $i,71^,000
of consols outstaiidloK would require annually $^35 750 and the Interest on ihf ll 'ating Indebtedness held by the American Telephone tfe
Teleifraph Co. and Its subsidiary oompai les aniounts to $109,700,
which would make total tlxed and Interest oharxes for the year $344,850. On this basis the company would have shown a d Molt for the
year of $<3 02rt. but neither of the above charges was paid, since,
owing to the receivership, the money was diverted to Improvements,
Eariii
The following
Is
additions, eto.
Fi>r the Urst four months of the current year the gross earnings of
the ooiupatiy Increased *.S2,6G7 an oinnpareri with the same period in
1902. and the gain in net earnings was $43,i'>4. On Deo. 31, 1902,
the number of subscribers was 49,686, and on May 1, 1903, 51,565.—
V. 77. p. 149.
National Salt Co —Sale Sept. 15.— The property
is
again
to be offered for sale at auction, this time on Sept. 15, at the
office of the receivers in Ithaca, under order of Justice Biacti( ff, in Special Term, Part II, of the Supreme Court.— See
V. 76, p. 1146. 1196.
—
New York Sanitary Utilization Co. Increase of Stock.
This Delaware corporation, with headquarters in thie city,
filed on July 24 a certificate of increase of authorized capital
stock from |3,Ol)0,000 to $;^,000,000. There is aleo a New Jersey corporation whose c.<5pital stock (at last accounts |1,300,000) hua not been increased. Of this latter company
Davii B. Martin is President, William W. Riell, Secretary,
and Walter V. Cranford, Treasurer; oflBce, 30 Burling Slip.
North .American Co.— Stoc* of Stock Acqu- red —Controlling interests in the North American Co, have purchased the
entire Keene-Taylor holdine^s of North American stock, some
10,000 shiires.— V. 76, p. 1353, 1860.
Om. hi (Neb.) Electric Light & Power Cc.—Fur</ier Data.
—Mortgage.— This company having succeeded to the property
formerly owned by the New Omaha Thomson-H uston Electric Light Co. and having acquired all the capital stock of
Electric Co of Council Bluffs, has made
the Cit zens' Gas
a mortgage to the Old Colony Trust Co. of Boston as trustee,
to secure $3,000,000 of 5 p. c. $1,000 gold bonds, the present
is.'ueof which will be $1,350,000.
These bonds are dated
July 1, 1903, and are due July 1, 1933 (interrst payable Jan. 1
and July 1), but are subject to call to any amount after July
1, 1908, at lu5 and interest. No prior liens remain outstanding.
The capital stock authorized Is |3,500,000, of which |1, 000,000
is 5 p. c. cumulative preferred; outstanding, §2,0C0,000 common and $481,800 preferred; par of shares, |100.
The sinking fund for the bonds is officially described aa
follows:
Beginning with the year 1903 the Electric Company agrees to pay
&
annually to the trustee a sum in cash equal to 5 per cent of the gross
earnings of the Electric Company, the trustee to invest this fund at
not exceeding 105 and Interest In the first mortgage bonds of the
Elect) io Company, pursuant to proposals invited by the trustee. If
an amc unt of bonds 8n£9cient to absorb the sinking fund moneys Is not
so purchhsed, the trustee shall use the balance remaining in calling
first mortgage bonds of the Electric Company at 105 and aoorned interest. The bonds purchased or drawn for the sinking fund shall not
be canceled, but shall be held by the trustee and the Interef't shall
continue to accrue thereon, which interest shall be collected by the
trustee and Invested as other sinking fund moneys are invested. Bonds
that are held in the sinking fund shall not be entitled to share In any
sale ( f the mortgaged premises.
The directors (and oflBcf rs) are:
F. A. Nash (President), Omaha; Henry F. Knight (Secretary).
Boston; C. N. Mason, William H.Whitney, E. L.Carr, Treasurer United
Electrlo Securities Co., Boston.
See also V. 77, p. 254.
Peck, Stow & Wilcox Co.- Special Dmdend.— Besides the
regular dividend of 2 p. c. payable Aug. 1, a special dividend
of 2 p, c. will be paid on Aug. 15. Special dividends were
also paid last year and the year before. See V. 75, p. 345.
Pittsfleld (Xass.) Coal Gag Co.— JVew Stocfc.— The capital
stock, it is stated, will be increased by the issue of 650 new
shares ($65,000) Aug. 15, which will be taken by the present
stockholders, making the total capital $190,000.
Pressed Steel Car Co.— Fauora&Ze Deciatow.— Judge James
R. MacParlane, in the Court of Common Pleas of Allegheny County, Pa., decided on July 24 in favor of this company its suit against the Standard Steel Car Co. for the
custody of blue prints used in the manufacture of steel cars.
-V.
77, p. 206.
Providenre (R. I ) Gas Co.— Price of f7a/».— The company
announces that on Jan. 1, 1904, the price of gas will be reduced from $1 10 to $1 05 per thousand cubic feet.— V 74,
p.
12C0
Realty Investment Corporation (ft New York City
Bonds Offered.— K. C. Warren & Co., New Haven, O i
offer at par and interest $100,000 of this company's f J?
5 per cent funding mortgage gold bonds, dated May 1,
dne May I, 1923, bur; subject to cill at 103 and iutsrV. 77, p. 39.
any coupon date after May 1, 1904. Interest payable
Michigan Telephone Co.— Notice to Nan- Assenting Bond- ancually. May 1 and Nov. 1, at the office of the Title
holders, The boEdholdtro' protective committee has sent oat antee & Trust Co., New York, the trustee of tQe mor-.
Sinking fund, $5,000 per annum, commencing in 1904. A
a circular saying in subetance:
On July 5. 1903, the Circuit Court of the United States entered an
order for the foreolosure of the mortgage dated Jan. 2.1899. It Is
eipe cted that the sale will take place the latter part of September.
For the protection of -he bondholders it is desirable that they should
act as a unit. To thts end there have been deposited at the offloe of
the Old Of lony Trust Co., $4,422,000 bonds out of the total amount of
»4,719, 000 binds isfued under the said consolidated mortgage.
Although the time for deposit has expired, the bonds still outstanding
may be deposited under the terms of the original agreement on or be-
fore Sept. 15, 1.903.
circular says in part
Financial Statement.- First mortgage 413 p. 0., $315,000; funding
bonds (5 p. c.) authorized. $275,000; outstanding, $190,000; stock,
preferred, authorized, $100,000; outstanding, $72,000; stock, com-
mon,
fiuthorlzed
and outstanding,
$.'00,000.
These bonds are secured by a mortgage on lots numbered t48 to 154
West 47th St., New York City, covering a plot of land 70 feet 10
inches front by 100 feet 5 Inches in depth, on which the Hotel Somerset has recently been built. The Somerset is a 12^i-story fireproof
family apartment hotel, of the best brick and steel oonscrnotion, with
:
— —
:
THE CHRONICLE
302
201 rooms and 120 batbrooms, dlrliled Into sm&ll sattes, a large proportion of which are handannK^'y farnlsliel.
On March 13, 1903. the balldlasr waa leased for a term of 21 yeara to
E. R. Champi )n for $tO,000 th-* llrst year, fll.nvo the second year
and $42,500 per annum for the balance of th« term. The lessee pave
the taxes, water rates and all other charges except fire lasuranoe, and
most make all repairs both Inside and out. Rent Is payable la monthly
Instalments, and shoul 1 there be a default of over 20 davs the lesitee
can be deposed. The lease is secured by a dep islt with th-< New York
Security A Trust Co. of $20,000 cash, which Is to be forfeited to the
lessor In case of default. The hotel has been appraised at $330,000,
to which may be added $iO,00>) spent upon farnlshlngs, making a
upwards of $670,000.
The bond* held by the trmtee are reservel to provide fands for the
Installatioa of an eleotrlo-licht plant, tHe purchase of farnlture and
the payment of ilS.OOO on the tlrst mortgasi;e, so that the Interest
m.iT ba reduced to 4 p. c. In acc^ird-tnca with an agreement made
with the Union Dime Szivlngs In'itttiulon, guaranteeing a reduotlon in
interest to * p. o. if the mortgage !:< reduced to ${00,000.
Income Statement.— First year's rentnl under lease, $10,000; Intereat on $315,000 tlrst m>>rtKage bonds, $14,175; interest on $190,000
fnndlni; bomls, $9,500; surplus, available for sinking fund and divitotal value of
dends, $10,325.
Voyfer Co.— Called Bonds,—
All the compauy'a $253, 000 6 per ceut mortgage bonds of
1S98 are called for redeiuotioa on Sept, 1, 1903, at 103
and interest throni;h the Union Traat Co. of San Fran-
Redlands Electric Light
it
[Vol. LXXVII.
Co. of that city, as head of the syndicate that fi aanced the
combine. Mr. Woods claims that misleading statements in
the prospectus induced him to subscribe to $25,000 of the
company's stock. He demiuds $40,000 to cover his outlay.—
V. 77, p. 150, 93,
United States Cotton Manufactnriug Co.— Incorporation.
company, with $40,000,000 of authorized capital
ptock, filed a certificate of incorporation in Massachusetts on
July 81. The direct -"rs include H. C B .won. President; M.
Sumner Holbrook, Treasurer, and John P. Rogers, all of
40i Sears Building, Boston. Nothing looking to a consolidation under such title is known by leading manufacturers,
and as practically the same men filed almost simultaneously
a charter for the Snffolk Leather Manufacturing Company,
with $50,000,000 capital, the impression is that both enter-
—This
prises are strictly paper organizations.
United States Finishing Co.— Terms of Purchase —The
contract filed in Providence shows that the Silver Spring
Bleaching & Dyeing Co, sold all its real and personal property
to the Finishing Co. for $100,000 in cash, $500,000 in new
bonds and the guaranteeing of $500,000 of old bonds. V. 77,
p. 255.
oiBco as trustee.— V. 73, p. 1140.
United States Steel Corporiitlon.—JVetr President.— On
Sandaskj (0.) Has & Electric Light Co.— New Stock.—
Tuesday
afternoon the following officiar announcement was
outstanding
This company, which hHB
$500,000 of first mortgage gold 58 due May 1, 1929, and |500,000 of common stock, made: "At the regular meeting of the directors of the
proposes to issue flOO.Oi of 6 per cent cumulative preferred United States Steel Corporation to-day, Mr. Schwab, in constock. The plan for selling the common stock to the Lake sequence of continued ill-health, tendered his resignation as
Shore Electric Ry. Co, has been abandoned and instead the President, and it waa accepted. W. E. Corey, who has been
preferred shares will, it is stated, be offered to the stockhold- for some time performing the active duties of the President,
ers of that company at par, a bonus of G.V6 shares of common was elected to the vacancy. The office of Chairman of the
being given with each share of preferred. The company Is board of directors was created, and E. H. Gary was elected
to that position and will continue to devote his entire time
said to be earning the interest on its bonds, with good pros
pects of increased income. The property includes about 52 to the business of the corporation. An Advisory Committee,
miles of gas mains, a gas plant and an electric-light plant. to consist of three directors, besides the President, to consider and make recommendations concerning questions of
The directors and officers are
manufacturing, transportation and operation, was created,
President, B. Muhier: Vice-President, C. B. Wilox; Treaanrer, G.
and Messrs. E. C. Converse, William Bdenborn and D. Q.
B. Moss; Secretary. F. W. Ooen; O. D. Barney of PhlladelphU, H. A.
Everett and E. W. Moore. Compare V. 6i, p. 1026.— V. 71, p. 867.
Reid were elected as members of this committee. Mr.
Sshwab
will continue to be a member of the Board of DirecSllgo (Ala.) Coal & Coke Co.— 3Iortgage.— A. mortgage has
been made to the International Trust Co. of Maryland, as tors and the Finance Committee."
Mr. J. Pierpont Morgan made the following statement at
tmstee, to secure |50,000 of 6 p, c. |l,000 gold bonds, dated
July 1, 1903, and due July 1, 1923. President J. M. Elliott his office after the meeting
:
Jr.,
Gadsden, Ala.
Springfield Xenia (0.) Telephone Co.—New Stock,— The
authorized limit of capital stock nas been increased from
$500,000 to $750,000. There are $350,000 bonds outstanding.
The companv was or^acized in Ddcember, 1901, and has exchanges in Xenia, Jamestown, Yellow Springs and Springfield.
It was reported in 1902 to have 600 exchange subscribers and 150 farm-line subscribers. Officers: President,
N. I. Dryfooe; Vice-President, S. F. McGrew; Secretary and
Treasurer, L. M. Wolf.— V. 74, p. 271.
Spring Valley Water Works Co.— Ptan Ratified,- At the
adjourned meeting on Jaly 29 the reorganization plan was
adopted without a dissenting voice by a vote of over 103,000
out of the total issue of 140,000 shares of stock.
V. 76, p. 216, 997.— V. 77, p. 93.
Compare
Standard Steel Car Co.— 4dv<3rfle Decwton.— See Pressed
Car Co. above.— V. 77, p. 254.
Steel
Snffolk Leather XanofdCtarlng Co. Incorporated.— See
United States Cotton Manufacturing Co. below.
Saeqaehanna Iron & Steel
Co.
Report.— The report for
the haif-year ended June
30, 1903, shows an operating loss of
$74,351, less credit to profit and loes on Jan. 1, 1903, $57,618;
balance debit to profit and loss, $16,733. The loss is attributed
to the C3al strike and car shortage. The new pipe mill has
been in operation for two weeks and it is estimated will
make a
fair profit.
I>trccfor«.
Four new directors have been elected by the
opposition interetts, the board now including:
Charles A. Porter, J. W. Steaoy, H. F. Bruuer, B. J. Houston, L. C.
Filbert, James O. Undsay, Wllilam R. Butler, John Q. Denney and
Henry Olay.-V. 77, p. 150.
—
Syracuse CN.Y.) Lighting Co.— learnings,- The results for
the years ending Jane 30, 1903 and 1902, compare as follows
(the earnings of the gas plant being included only in the
later year):
Bond int. Div.5%onpf. Bal.,<iur.
F'Bcal year. Orots earn. Net earn.
$3r<2,315
1902-S
$734„438
$204,^)00
$50,<jOO
$127,415
1901-2
383,23s
172,814
100,000
50,000
1902-3 the company earned i}^ p. c,
stock. Compare V. 77, p. 248.
For the year
common
22,314
on the
Union Electric Light & Power Co., St. Lonis.— Bond Sale.
—About $1,750,000 ot the $2,000,000 bonds recently offered by
N. W. Harris & Co. have been sold. —V. 77, p. 40.
United Lead Co.— In Operation,—This company has opened
in the Empire Building, No. 71 Broadway, and it is
offices
said
is
deeply regret that the condition of Mr. Schwab's health renders it
Impossible for him to continue at the head of the Steel Corporation.
His loyalty to the interests intrasted to him cannot be doubted, and
from the early days of the Inception of the corporation he gave to Its
formation, unltloation and development his unequaled powers as an
expert In the manufacture of steel.
I consider that in Mr. Corey the directors have secured an eminently
competent euoo<^BBor to Mr. Schwab, and I am oontldent that the
future will prove this to be the case. In fact, I think that to-day the
steel company in all its branches, is Intrinsically in a stronger and
better position than It ever has been.
I
negotiating for the control of certain of the lead-
manufacturing companies included in
Elxecutive Committee is
its
original plan.
In an interview Mr, Schwab said in substance
The reaBOBS given by the newspapers for my retirement have not
:
been
in
Jast.
In the
first
place
I
have not been at
my relations with the company by the affairs
all
embarrassed
of the United States
part In this matter. That
Shipbuilding Co., nor have they played any
subject has never been mentioned between Mr. Morgan and myself
or any of us.
In the second place no one ever asked me to resign. When I returned from Europe in January I was by no means well, and I did my
beet at that time to bring about my retirement, buc the directors,
and even Mr. Morgan, hell me back by the coat-tHlls. I got Mr.
Friok to fix the matter up. Hd is my good friend and he finally ar-
matter for me.
the largt^st stockholder in the Steel Corporation. Mr.
Corey, who succeeds me, is my best friend, and has succeeded me in
every position I have held in twenty years. I am still a member of
the Flnatioo Commltie<i and am still a director of the corporation and
intend to remain so. The duties of the position I resign have been
ranged
I
am
this
still
divided so as to relieve
volved npon me.
my
suocesBOr of considerable work which de-
Mr. Morgan and myself have always been the best of friends and
have agreed on every subject which has come before the oorooration.
Stories of diseenslon between us are ridiculously false.— V. 77, p.
206. 150.
Ylrglnia-Carollna Chemical Co.— Loan.— This company
has negotiated a loan from a syndicate headed by J. P.
Morgan & Co. The details of the loan cannot be
learned as we go to press. It is variously reported to be from
$5,000,000 to $10,000,000, the money being needed to pay for
recent acquisitions and to provide working capital. The
sharp decline in the price of the company's shares early in
the week before the result of the negotiations was known
was accompanied by the failure of the Ijrokerage firm of
Sharp & Bryan, to which reference is made on another page.
Diuideni.— The common stock dividend for 1902-03 was 5 p.
c, contrasting with 4 p. c. in the five years jast preceding. In
the profit and loss account in the Chronicle of July 25 (page
195) the "4 p. c." of the previous year's statement was by
oversight permitted to stand as though it applied equally to
the late fiscal year.— V. 77, p. 195.
Westlnghonse Electric & Mannfactaring Co.— See Canadian Westinehonse Co. above*— V. 76, p. 1861.
—Tbe
Engineering Company of America, 74 Broadway,
York, are to supervise the designing and construction
of the Canadian Copper Co.'s new smelter, m'ichine shops,
It is expected that the
etc., at their works in Canada.
smelter will be In operation by the middle of November.
The New
8. R Ongzenbelm. Cha'rmaa, Daniel Guggenheim, Barton Sewell,
£. W. Nash, Morris Oaggenbelm, Simon Gaggenhelm and £. R. Hoyt.
V. 76, p. 1147,216.
—
—Granger Farwell & Company have issued a new edition
United States Cotton Dock Corporation.— <Sujf.— William of their compilation regarding the Pennsylvania Railroad
T. Woods of this city has brought suit in the United States Company and its capital stock from the point of view of the
Circuit Court at Baltimore against the Continental Trust
investor.
——
THE CHRONICLE.
...
August
8, 1908. J
xc
CO TTO
Fbidat
(^oxmixzxcml ^itujcs*
COMMERCIAL EPITOME,
August
Fkiday Niqht,
7,
303
1908.
Davelopments in the specalative fioancial markets have
been such as to adversely luflaenoe, to a limited extent, inA quiet condition of bu3ine89 in
dustrial bus'inesa activity.
the iron and stesl markets continues. Advices from the
South and West have reported the outlook for the cotton
and corn crops as favorable for good yields, but reports
from the Northwest do not speak so favorably of the springwheat crop.
against 1.548 balea last week and 8,880 bales the previous
week, making the total rooelpts ainoe the let of Sept., 1902,
7,636,828 bales, against 7,449,025 bales for the same period ol
1901-2. showing an increase alnoe Hen. 1.1902. of 187,308 bales.
Mutipit at—
Aug.
Lard
t08,
TobMJOO, domMtlo
hlida.
Coffee, BrasU
Ooffee, other
Ooffee, Java. Ao...
bags.
bags.
mats.
Bagar...
Bngar
...hlidB.
..bags, &o.
hbds.
No.
Molasses, torelgu
Hides
Oottoa
Boeln
plrlte turpentine
lar
1,
1903.
bales.
bbls.
bbls.
bbls.
7,002
9,000
1,862,773
•.<!41.874
120,696
None.
465,569
None.
16,300
162,213
20,023
1,478
1,834
Rloe, K. I
Rice, domestlo
bags.
2,IS00
bbls.
Linseed
bags.
bags.
10,000
None.
Saltpetre
Uamla hemp....
Blsal hemp
.........bales.
bales.
bales.
Jate batts
Floor. ...... .....bbls. and sacks
550
8.666
9,011
None.
50,000
July
1,
A.tig. I,
19U3.
8,683
10.800
1,881,051
24B.240
125,837
100
626,874
None.
17,300
163,574
18,191
1.499
2,273
2,700
11,500
None.
1,400
1,600
348
None.
75,200
1902.
7,fS79
10,100
2,122.977
179.681
142,726
None.
140,142
None.
27,900
127,445
30.484
3.127
1,968
8,700
6,500
None.
4,400
9.753
None.
None.
86,800
Lard on the spot has had a small sale locally, but it is
claimed that the large Western packers have been making
United Kingdom at below the openly quoted
The close was dull and the nominal quotation for prime Western was 7 72)^(3.; prime City was quoted
at 6"50@7 00c. The demand for refined lard has been spiritlees, the buying being largely of a hand-to mouth character,
fair sales to the
market prices.
closing at 8'COc. for refined for the Continent. Speculation
in the market for lard futures has been quiet, and changes
in prices have been unimportant. Close was quiet bat steady.
DAILY OLOan^O PBIOEB OV LARD VDTUKBS HI OHIOAOO.
Thuri.
Pr\.
Tuet.
Wed.
Hon
8at.
7-92i«
7-92>«
7-92ifl
790
September del'v.. 795
1-92H
7-67ia
7-70
7-77ii 7-72i«
7-75
7-72»«
October del'y
Pork has continued to meet with only a small jobbing sale
locally, and prices have been quoted easy, with mesa at §16@
16 50. Cat meats have been in moderate demand with prices
holding steady to firm. Beef has been dull. Tallow has
been unchanged, closing with prices quoted nominally at
Cotton-seed oil has been dull and easier, prices de4J>^c.
clining to 41»^@42c. for prime yellow. Butter has been in
Cheese has adfair demand and steady for choice grades.
vanced slightly for beet grades, closing steady. Choice
selections of fresh eggs have been in good demand and firm.
Brazil grades of coffee have been unsettled. Early in the
week, under pressure to sell from Brazil, the market was
weak, but turned steadier at the close on buying for speculative account, closing at Si^o. for Rio No. 7 and 6c. for
Santos No. 4. The demand for West India growths has been
limited, bat prices have held steady, closing at 73^@7>^c. for
Kood Cucuta, Speculation in the market for contracts has
been moderately active. Early in the week prices declined
rmder liquidation, but turned firmer on fair buying for investment account. The cloee was steady. Following are the
closing asked prices:
ngiut
8-650.
Sept............ 3-750.
Oct
3-85e.
I
I
I
Nov. ..-..„..„ 3-95e.
Deo .........
. 4-25o.
Jan
4-35o.
Feb
March
May...
... .........
—
eiewoneana..
415
4
176
190
12
Penaaooia, Ac
SavaniUkb ......
38
toiai.
Wri.
1
94
......
3
100
540
4
100
9
61
4
44
125
19
125
67
16
8
Branaw'k.Ac
fKurt.
436
1
......
)baileston
rt. Boyal.die
85
VUmlngton...
Waab'ton.fte
nortolk
5
17
.... ....
1
1
Newa. *e
.^•w York
N'p't
,
34
'joaton
BaltlmoM
12
15
63
102
63
105
383
1,599
41
......
27
ruiadel'a.Ae..
Tot.lbla week
279
647
78
72
175
48
The following shows the week's
Sept. 1, 1902,
total receipts, the total since
the stocks to-night, compared with last year.
and
1901-02.
1908-08.
SeMiptt
(0
Atiff. 7.
fhU
1.
1902.
i^alveaton...
436 2,092,140
Bab.r.,&o.
ffaw Orleftns
Mobile
P'a»oola,Ao.
Savannah...
iJr'wiek, *e.
154.105
540 2,307,588
4 214,966
100 166,038
61 1,297,183
130,622
209,698
837
44 329,664
887
19 B09,034
25,039
125
86,633
98,661
102
63
47,177
105
27,056
)harleaton..
P.Boyal.Ao.
V?llmlngton.
97aah'it,
*e.
aortolk
:rport K.,*c
Sew York...
so8ton...K...
Baltimore
.
fUlftdel.Ae.
Ikii
mmAc.
iVine«i9«p.
Mtotk.
MittetMtp.
1908.
1, 1901.
2,285 2,034,179
94,761
2,382 2,258,495
402 153,960
1,459 223.275
225 1,133,408
140.267
1.862 266,634
1,577
66 277,845
1,647
4,470
37,146
43,604
3,218
374
8,630
123
6,468
121
1,607
200
696
93
««•••
5,137
882
456,350
2.249
458
38,456
113,196
119,861
100,829
35,556
18
103
937
1902.
164,644
4,000
188
635
108,514
5,800
2,828
1.678
1,599 7,636,828 11.946 7,449,025 212.701
182,409
as correction of receipts at New Orlean^
Totals
NoTB.— 7,682 bales added
since Sept.
1.
In order that oomparlaon may be made with other years,
we dive below the totals at leadins ports for six aeasona.
I
SaecipU at—
1903.
1902.
436
540
4
9ralyea'n.*o.
New Orleana
iCobile
lavumah...
2.285
2,382
402
225
61
1,362
Ohaa'ton, *o.
Wllm'ton.Ao
4-40e.
4-600.
411 othera...
4600.
i?ot.thlawk.
1,699
firmer.
WtA.
Twat.
17
..
aalvaston.
Bab. rasa, Ac
44
19
125
370
Raw sugars have been in fair demand and firm, closing at
3 ll-16(33?^c. for centrifugals, 98-deg. test, and 8 8-16@3^c.
for muscovado, 89-deg. test. Rrfiaed sugar firm, with the
demand fairly active. Other staple groceries steady to firm.
Kentucky tobacco has continued to meet with a fair general demand, and prices have been well maintained. Seedleaf tobacco has been quiet but prices have been steady.
Sampling of the new crops is reported progressing rapidly
and will soon be finistied. Some damage to Connecticut
tobacco haa been reported. Foreign grades of tobac30 have
been less active but prices have baen well maintained.
Straits tin was more freely offdred early in the week and
prices declined. On Thursday, however, there was renewed
buying and prices advAucel sharply. The close was from
29 15!f29'50c. Ingot coppsr has continued in only limited
demand and the official qaotaciou for Like has been lowered
to 131^1.
Lead has Wdakenei sligbtly, closing quiet at
4*20c. Spelter has weakened slightlyj closing at 5*75@5'87^o.
Pig iron has been in only moderately demiud; qioted prices
have been unchanged at |17 50@18 00 for No. 1 Northern.
Refined petroliuca his been firm, closing at 8*55c. in bbls.,
lO'SOo. In cases and 5 610. in bulk.
Naphtha has been unchanged at 12'40c. Credit balances have been steady, closing at 1 1 56.
Spirits turpentine hfis declined but closed
more active and steadier at 51i^@52c. Rosins have been
quiet and easier, closing at $1 90 for common and good
strained. Hops have been in better demand and
Wool has had a fair sale at firm prices.
Hon.
«flU.
Mobil*
8toekt of Mtrekatuiite.
N.
Night. August 7, 1908.
The Movement of the Crop as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total reoeipti have reached 1,599 bales.
flortolk
i:*.
Newa, Ae.
1900.
1901.
3,555
4,843
85
1,275
11
66
83
2,249
1,654
1899.
1898.
191
469
161
1,038
1,775
1,329
66
1,569
6
11
118
492
21
276
236
405
2
1,397
11
619
2,617
6,546
444
673
529
11,946
18,002
4,516
458
78
3,713
830
8,065
3,867
iinee Sept. 1 7686,328 7449,025 7623,316 6537,016 8400,252 8619,326
The exports for the week ending this evening reach a total
of 14,764 bales, of which 7,240 were to Great Britain, 135
to France and 7,339 to the rest of the Continent.
Below
are the exports for the week and since Sept. 1, 1902.
Weeh Bndint Aug. 7,
Exported to—
tr»m—
«r««t
1903.
1,
1902, to Aug.7, 1098.
Brlt'n.
Otnti- 7»tai
9r»mi
trm%t»
n$nt. iV»*k. BMtsin.
6,SS9
685,498 388,997
37,108
963,255 349,742
ff«n«
Mobile
Peoaaoola
Savannah..
Bmnswlok
Sept.
Bxvorttd
Qalveston
Sab. Pass. &c..
New Orleans..
from
7,015
13,874
100
100
'49,142
69,039
12,488
195,941
60.561
ice,7i9
. . .
—
to
OantU
681,463 lieits.Ms
76,731
118,839
788.097 8,101,064
66,476
104,618
68,261
144,788
753,456 999,961
6,860
113,670
88.538
104.08S
Charleston....
Port Royal....
16,560
WUmlngton...
133.702
3.243
187.624
Norfolk
N'port N., 4o..
18,727
18.485
14,084
11.444
868,4S6
065
17.601
750
311.366
New York
399
136
Boeton
Baltimore ....
PhUadelphla.
San rran^ &o.
Total
202
78
504
208
72
5
7
142.335
71.538
46.252
36.197
•},'7i7
6,000
tttltt.
A«ni.
86,950
8.086
128,858
321,068
41,846
18,150
487.360
159,13S
118,486
48,333
184,066
0,840.
13&
7,339
14,764 8.834,941 781.037 8,048.432 6,660,310
Total 1901-02- it.sao!
421
19,731
3i.442 3.028.958 743,566 8,781,661 6,648.172
.
Inadditicu to above exporcr, oar teiegraiufe to-uigbt also
give ut the following smoants oi cotton on sbiybuarc) not
cleared at tbe porti named. We add slnii'»r figarp.- for
New York, whiob are prepared forourspec'-a) U8f> br Messrs
Lambf rt
Sarrows. Produce Exohanne
«*
Kuii>liln,;
Futures.
a
.j;.
tio
3
ON aaiTBOAJU}, MOT oLSAaBD roa»
ew
Ortat
etrOilur Oo<utrr'Hc* viany For'ffn
Orleana
3,904
2,989
.
8,343
28,83
"ibo
e«4
100
3 580
11
374
98
irorfolk
"Too
York...
Other porte
II
'
M
163P'4
"too
8.046
314
Total 1902
Total 1on\
10781
3,904
S.673
l.SSO
400
9.827
203.874
7«3
1.272
6 618
6.0'^2
167,3-^8
1.474 11.743
7,770
6.434
15 041
S8,172
268,-;
to the high prices ruling for spot cotton th-re has been further shutting down of mill?. A report has been current,
however, that dniing the week the bull clique dippoeed of a
moderate lit e of cotton to a large New Eogl-ind epinter, but
the rrport has cot been generally credited in the triide.
devel( pment that hss attracted considerable attention has
been the operations in September delivery by a large operator who was a pr( miiient boll trader earlifr in the season.
The selling for this has appeared to be on a liberal Ecale and
has aeived to fend prices to a lower basis. Weather conditions in the Sooth for the past week have been highly favorable, the advices that have been received from nearly all
sections of the cotton belt reporting that the crop is making
excellent progress. To-day there wa° an easier drift to
value?, based on the continued favorable crop reports from
the South. Talk also was current in the trade to the effect
that the bull clique was experiencing diflBculty in mabing
further arrargements to finance their deal, and this, too,
operated agaicst values. The close was steady at a net decline for the day of 6@15 points. Cotton on the spot has
been quiet and unchanged at 13 750. for middling uplands.
The rates on and off middling, as estabilghea iNov. dO, 1902,
by the Revision Committee, at which grades other thac
oiiddling may be delivered on contract, are as follows,
Falr.^^....
..^^0. 1*80 on Good Middling Tinged ..o.
Eves
A
096 0£
Strlot
0-62 on
0-44 OB
0-14 00
0-88 off
0-72 ofl
CKkhI Ordinary...,^
100
Oood MlddllM
Strlot
Low
Low Middling
_
Middling
Good Ordinary
ofl
Strlot Gk>od Mid. Tinged.. OSO on
Strlot Middling Tinged.... 0-06 ofl
aciddllng Tinged
012 ofl
Strlot Low Mid. Tinged.. 0-84 ofl
MlddUng Stained
0-60 ofl
Mid. Stained... 1-06 ofl
Middling Stained
1-80 oV
Strict
Low
Low
On tbla baslB the official prices for a few of the gradeb
week— Aug. 1 to Aug. 7— would be as follows.
foi
thepast
OPLAKDP.
Sat.
11-78 '11-75 11-75
78
12-37 112 37 12-37 12-37
12-75 12-78 12-75 12 7.1
lci-19 |13'19 liJ 19 1319
13-71 Il3-71 |l3 71 1371
Middling
Iddllng
Sood Middling
MlddUng yalr
,
eULF.
Sat.
II
II
Low
Middling
Middling
Oood Middling.
li(-4t
Middling Fair
13-96
8TA.INKU.
Sat.
§
11
«
I
II
II
Wed
Frl.
19
1
C.
714
6'8
Tb. Frt.
1130 11-30
12-30 12 30 12-30
12-46 12-46 12-46
12-75 12-78 12-75
im
1887....0.10
1886
1886
1884
1888
1882
1881
1880
S»ia
10^9
10is,e
108ie
Thetotalsales of cotton on tbe spoteaoh day during the
in the following statement.
For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
week are indicated
same days.
Spot Karkvi
Globed
FUTDBBg
SALKsoff Spot
Uaxkbt
0LO9BD.
OOr(,
<ji
oonxKAt
Oon
Oon-
•Ktnj.
traei
«
I
«
I
I
I
•
.
;juiet
Qnlet
DnlL
iiteady
I
I
I
I
I
1
'
9
I
'
^1
I
I
I
I
I
I
I
i
9
I
i
9
19
I
I
11
11
'9
:
I
I
I
19
;
coca
OC5
CD-'-
o-<i
CD«
oco
©o
KOD
tsco
.
i.ibo
i.iif?
1,20(
9
197
1,808
Dull
Very steady
tVedneiida
Weak
Thar 3 lay
Steady
Steady
Firm
20h
187
808
Friday...
UOJI
dteady
lOL
1,100
1,20U
862
3,400
4,262
....
21
I
xco
coco
coco
CD«
aoo
00
^•-'
0>~i
<T
I
'
I
CD CD
OD
coco
(COD
(0(0
*l
dob
tOhJ
(0»
COCO
COCO
coco
•4 Oft
^ob
«J^
COM
^OQ
eo oe
Mts
ccp
0>O
9
I
cow
CO
l«^ll^
i^co
OiCJ>
ovi
a
9
9
00
at
o
I
coo
00©
©
COll^
9
9
9
'9
coco
coco
coco
coco
ceco
c;>co
CT'CX
o>co
CO 00
coco
0:03
coco
I
of
©;»
00 00
ceco
CC>4
tsac
I
o
CCO)
9
1^ HI
to
'
co
'
1^
CO
oca
coco
9
COM
CO -^
9
I
ceco
dbob
ceco
01 CM
coco
dbob
a
-Job
'
«oco
I
ce 00
«
a OD
9
00 -M
>JC3
coco
>»
coo
coo
coco
0>CD
CXOD
0<i(>'
19
cc><c
ceco
I
©CO
O MM
o «j
CO
6>
ceco
-TOO
d
va>
ceco
coco
9
a
a
I
tovf
an o
,
'3
.JO
COCO
dsob
>^-^
coco
0)«
ccoo
I
'
if.dt
CO CO
'9
CO CD
'
e
I
10 1^
CO
ccno
r-OD
COM
00
It
I
«« 00
CC CD
I
I
9
'
oc
CO
19
«
II
I
•JCJ"
^1
^1
00 MM
cf
to
6-
ta
I^M
c^o
Id
Id
*S3
M
CO M
V<^
CO
O
MM
00
t-'*^
II
II
II
I
I
coco
-4-i
*l
coco
I
I
I
I
Oft
9
I
I
I
9
I
I
d
I
I
19
I
coco
CO
CO 00
a
00
I
I
cc«
coco
00"-
00©
CO
CO
CO
,
diCO
«oco
©©
t^^
CO 00
00 00
CO
COO
CO
00
coco
dios
V
I
Ci
#.
o
CM
a
M
ob
M
9
d
.4
.9
Id
9
d
OD
OB
00
00
00
CO
00
00
CO
©
CO
I
M
'
Thb V18IBLB auppLY OF UoTTON
•<>
CO
If^
O M-4
Ida
Id
«
CO
ob
CO
I
'
l»
19
I
I
coco
QCOO
QDtt
O
'
I
©00
9
W
M
9
'
CO
O
Id
to
o
00
09
to-night, as
6
made np by
sable and telegraph, is aa follows. Foreign stocks, as well
48 the afloat, are this week's retarns, and oonseqnecitiy all
foreign ftgarea are brought down to Thursday ev^ialng.
3ut to make the total the complete figures for to-nlgtat
Aug. 7>, we add the item of exports from tbe United Statei,
ncmrtlng In It the exports of Friday only.
Hamburg
atHremen
at
»t
.......
^
AniBTerflair,.^
—
1903.
1902.
1901.
1900.
871000
837 000
18 000
556,000
20,000
73 000
512 000
8 000
&2U 000
19 000
815 000
10 000
325 000
81.000
103 000
200
"200
sooo
3 000
102 000
3,000
94,000
3,000
41,000
23,000
6 000
891,200
616,200
29.000
91 000
20,000
60,000
276,000
99,707
48.159
8,682
1.333,748
16 000
387,000
34.000
114 000
....:.
.-...
.^
.,.,
.-
Genoa
4 000
98.000
8
000
17,000
19 000
16,000
106 000
3 000
32,000
14 000
9 000
i6i,000
817.COO
31,000
91,000
4 000
30 000
21000
18000
16 000
27«,3«)0
305 000
796.200
Tiftal Boropean atooks,
692,000
81.000
mdla aottoE afloat (or Karo; e 97,000
128.000
Amer cotton anoat for B'rope. 30.000
16000
23,000
14,000
*»-7pt.Bra»U,&o.,aflt.fOT E'pe
82 000
80,000
12,000
Btook in Alexandria, Egypt.
Stook In Bombay, India
„ 491.000 384X00 464 000
182,409 303,957
Stock In United States porta.. 212,701
64,926 154,163
took in n. 8. Interior towns.. 16,852
8,683
8,852
72
Tnlted states exportr. to-day..
1.865,325 1,641,988 2,008.172
Total visible supply
Of tbe above, totals of American and other descriptions are as f ollowc
Amtritan—
267,000
-«. 217 000
30.000
American afloat tor Europe,..
212.701
United States stock...
16,682
OnltedStateslnterlor stocks.
hales.
7erpool Btook
Continental Btooks
Cl
TnltedStatei. exports to-day,.
72
444 000
208,000
91000
397,000
202,000
125,000
303.957
154.163
8.858
182.409
64.926
5 653
995,988 1,190,972
221.000
259,000
91,000
99,707
48,159
3,682
722,548
743 325
Total Amerioan
Ma$t IruiiaH. Braiti, tie.—
94 000
93,000 115,000
104 OCO
».
-.
Liverpool stock
10 000
18 000
8,000
16 000
_
(iondonatock..^
32,200
74.200
54,000
^..L 88 000
Tontlaental stookB
29,000
31 000
51.000
97 000
tndla anoat for Europe . ....„
SO.OOO
18000
23,000
14,000
^gypt, BrMll,*o. afloat
50 000
82,000
."iOOOO
12 000
Itock In Alexandria, Egypc. ..
491 OCO 384.000 464 000 276 000
«t«ok In Bombay, India
817,200 511.200
Total SMt India, &o ....... 822,000 646,000
743,325 995,988 1,190.972 722,548
Total American
,
Total visible supply ... «^1 665,325 1,641,988 2,008,172 1,233.748
s;>.ddHng
f8»F
Tneaday
ToUl...
'
i
^C^
Upland
LJvfirpooi.
N«w
York..
verpool
Egypt Qbod BrowTi,
Pern* Rough Oood, LlTorpcwi
.«.
Sroaeh Fine, Liverpool
'Ilddllaflr
Upland.
l .1
Metioay
19
CO CO
19
«
I
I
9
aso>
Id
!
I
«eoD
CC
II
Id
cocc
•took at Trieste
Total Ooutlnentai stocks
1879. ... 0.1 li«
12
1878
IIJ*
1877
7%
7B16
1876
,12Bie
34»«
1878
8%
17»«
1898
I8hs 1874
6iie
12k
20
8
llBie
121,8
1878
1897
1872
21«(j
8>«
1896
li»ie
Note.— On Got. 1,1874, grades of cotton as quoted were changed,
Aooordlog to the rew classlfloat'on Middling was on that day quoted
*B0. lower than Middling of the old claselfioatlon.
MARKET A^•D SALES.
189S.
l«94
1898
1892
1891
1890
1889
1888
I
.Htook \t
The qaotatlona for middling upland at New 7or^ od
Aug. 7 for each of the past 8S years have been as follows.
1903.. .0.13-75
1902.. ... SJht
1901.. ... 8
1900.. ... l\he
1899.
1
;
'
coco
»took at Barcelona
111-30
^..«... ;12
:
i 5 C (» 2 B
s
i S
.-3
O^
d
at Bott«rd»iTi
at Antwerp
8took at Havre
Ktook sit MarseUlefl..
15 44 13 44 13 44 13-44
13'96 18-96 '3-96 ll3-96 13-96
...
_....
!
I
«S
cccD
.)<]
II
II
•took
gtock
B?oc>
Stock
Stock
i.l-44
11-30 11-30 11 30
30 112-30 12 80
trlet Low Middling Tinged... 12 46 12-46 12 46
...112 75 112-76 12-78
Oood Middling Tinged
Middling
lUddlliig
1175 11'76
12-37 1287
12 75 127-5
13 19 13-19
13-71 1371
monTnes TVed Th.
Blon Tnea
;
«
I
Htook at Liverpool......«.bale!'
Btoek at London
..^....^
rutal Great Britain atoclt
1200 12 00 1200 12 00 12 00 12 00
12-62 12-62 1262 12 62 12-62 12-62
1300 13C0 13-00 13 00 1300 13 00
Oood Ordtnary-.*.
Low
TTed Tb. FrI.
n
Oood Ordinary. ..,.~...
Low
men Taes
:
"«?
li
88
Spemlatlcn in cotton for future delivery has been fairly
active and there has been a gradual sagging of prices, Owing
MlddlUig Fair .....^
trlot Good Middling
^
i
C7I
Total 190S
a » Wa
B3
:
aca>
9P3
Mobile
Wew
.
»•
X
ttock.
684
OalveetoD..
Bavancaii. ..
Charleston...
i
i
L-.
Total.
SCO
1,180
i
I
[Vol. LXXVII,
— Highest, lowest and closing prices at New York.
A)
Aug. 7 at—
'
CHHOMCLE.
FHIR
304
rinno-well?
RwhI
Liverpool...
i9|Bd.
438d.
80.
eiied.
7d.
4»ed.
4B8d
4i«d
6'66d.
12-750.
4''ed
fiSod-
7«8d
Id
9-Ood,
513, «d.
6»8d.
fio.
week hav
1^ Continental imports paat
show decrease
lUO.
eifld.
7isd.
5 »'!«*•
4'^d.
21,000 balefl.
from last week
a
for 1903
of 128.647 bales, a loss oi 76,663 bales from 8i>2, ^ decrease of
443,847 bales from IttOl and a gain of 331>577 bales over 1900.
'leeri
Th*'
*>v-.t7* flflrarei-
.
:
AueDST
«
.
. .
THE OHKONICLE.
8, 1903.]
—
the movement that is the reoeipts
week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
At the Lnteriok Towns
for the
—
oorrespondinK period of 1901-02
^g
-¥
* " a * S rs:
Week ending
Aug. 7
^S?
»g
b
'
ass:
«r
M^
g-»€e.
m
O
C
sal
ST:
:
:
Mobile
tavannah.
i*""^
:
-"O
Boston
Baltimore
5.
Wednu.
rAt«r».
Fri.
\AHi
l:-»«
i3ie
13W)
13
.
I'iifl
12si
121*
12'-
12^A
1275
12-76
12 75
12ifi
l.Sl«
13
13
13
12 75
13
12 75
13
13 00
11
13
Philadelphia
\uga8r.a....
viemphls....
•Jt. Louis....
13 00
13
lzi6,e
1300
1300
13
13
13
I215,fl
12is,(,
12I3
l*-fl6 6
12lfl
I2I9
12%
Elotiston
12
12
12
Oiuclnnatl ..
Uttle Rook.
11
12
11
00
11
11
UH
lUa
11^
12-75
1300
13
121',6
I'ht
l2U,e
12
12
11
12ifl"
11
im
im
ll>«
The
closing quotations to-day (Friday) at other important
Southern markets w ere as follows,
12i«
Ithens...
Uoiombus, AliBi) 13
NashvUle
1213
AUanta
Eutaula...
Natches
12iSis
13>«
Charlotte
Louisville
13
Raleigh
1 2 13
OolnmbuB, Ga. 13>«
Montgomery.
Shreveport
lUiis
h-
to
Tiiot.
12
11
12
12
12
12
i:^i4
13
13
\3\t
12%
12^
Nominal. Nomlual. Nominal. Nominal. Nominal. Nominal
1318
HorfoU
:
.
Hon.
Batur.
0«—
Nominal. Nominal. Nominal. Nominal. 12J«
Nominal
WllDoington. Nominal. Nominal. Numlual. Nominal. Nominal. Nominal.
.
3>-o.
OLOSINO QDOTXTIONB FOB MTDDLIHO OOTTOH
Oharleoton
i
N
a
2fcQ
•flaw
•
:
.
Sew Orleans
H
<
a
nCH
ir-
Waives ton...
o
3
-
Mo
Quotations fob Middling Cotton at Otheb Mabkets.—
Below are closing quotations of middling cotton at Southern
ind other principal cotton markets for each day of the week.
set out in detail below.
is
305
-j«x^*^'Oa<^»o'-'C^ w * ® ops jJ _-J co^ 00 H-^^ 05 c .» * * "^
« O'i'w «'m wo O) W O ^'— O j^ M CdV W kJ t» to OS Vd ta COQD
»9co-'0^wooo(XOrao:ao50Dksw*':^a3oa®co^«Ji*MtoMOi-<
aco*o<~jaoi-'W^*>«JOa5®w — 03»ioo6i^acivQD»j05c«:»a#>(oao
bi O" "xl^
.
^ o
;
cx
o-'v:
i^u<o
cocoto
^i«>:
New
ubleans Option Market.—The highest, lowest and
oloslng quotations for leading options in tne New Orleans
cotton market the past week have been as follows.
a
I
oo;
•4.
i^os;
ao«-4-
1
ks
.
Aug. 1
Range.... — «
Clonng... 13'00»
o
CO;
OS OS
os;
«;
CKMi->;
;
ueaday, Wed'day, Thurid'y Friday.
Aug. 4. Any. 5
lug. 6 Aug. 7.
—
—
13ia«
1310»
—
12-90 9-06
36 13-203-25 1310J12 13-009
13 209 22 13-12 »
l2-90»-00 12-80 »-90
—
—
Sbpt'be*—
osmos
at;
I
u>ooca
cxa<eDic^cewoc<co^9eiO»9W
AUOD8T—
V!
Monda,
Aug. 3
Bat'day.
Range.... 10'76»-80 l0-74«87 10-78 » "91 1 0-67 » -95 10-65 9 -75 10 -68 » 'OS
Olosmg... 10 76»'7fl I0-79a-80 10-90 a -91 10-663 69 10-73 »-76 10-603-61
OS
1
«0
M
OS
00
b>
tar«
ts
aBce«pai'-"^toMH>toooso<4i^ -JMH.
»<
tQ
oiascx«DAviooco3<asa>'
OOTOBKB—
I
9-78'» 82 9-77'»-32 9-77'»-86 9-70'» 90 966®-78 9-679-73
Cloung... 9-79« 80 9 799-80 9-86®'a7 9-719-72 9-779-78 9-689-69
Range
Dec'bbb—
-4*«--ia c/'(XtBO»a00C^®:>iM^^— C050W©
-os(z;ou<iC'i->is^kai-'aaasMo«4siOM^^MOCo
^-J^ODI-'OSMCttV^J
6S
a »« c»
)-•
h-
o
Range.... 9-60«-6S ^-68«-65 9-59« 67 (J-529-71 9-499-60 9-489-64
9-609 -62 9-609-61 9a7«-68 953®-64 9-599-60 9-499-60
Closine
.
.
Jancakv—
*
!
•
to*
cd!
CO-
*
^
o>'.
«d
MbOSC'
O
wi-o>a<a; oata'
OSCO
^^
*
v^tooi:
MMcno«
-icoeeo.^asM* coots
eoi
*
COQDH^
00
Range.... 9-ri3» - 9-611» 65 9-63«67 V549-73 9519-61 9-609-56
Closing . 9'61«62 961«-63 9-699-70 )-64»-6b 9-609-62 a-509-52
.
C^
vav
mwoom
o<o*' cxo^^asi^
TOHB—
Spots
Options...
r-^'
Mat
cnce-
Tk OS -j"—^
m'o -•ooWoiootOH' la*)
ix>oix<9>»o->iMcrwoc;t»ooor-«Moaa«4
tf^^^ao^O- oo«co>-'ee^>j->]wt3 0-ivoaoa<<:;taciF^t4)->
eoWtaoo
•
ojte^i^bd-:!;
00*
The above totals show that the interior stocks have lieereased during the week 3,748 bales, and are to-night 48,374
bales less than same period last year. The receipts at all the
(owns have been 8,124 bales less than same week last year.
Ov^RiAND Movement for the Week and Since Sept. 1.—
give below a statement showing the overland moventent
for the week and since Sept. 1, as made up from telegraphic
The rasults for the week ending
reports Friday night.
Aag. 7 and sinoa Sept. 1 In the last two years are as follows,
We
1901-02
190a-03.
Aug.
7.
Wt€k.
,
8t.
661
58
LonlB.
VU Cairo
Via Padaoah
Via Ro4sk Island
747.218
208,404
Wk.
3,056
245
63
277
218
<fco.
Total gross overland
Deduct tkipmentt—
Overland to N. Y., Boston, Ao.
29.605
162,297
37.011
259.632
1,157 1,446,455
tin$t
9tpt.
X.
819.980
152,599
1,192
2,1981
VU Louisville
Via Olnolnnatl
Via otber routes,
Minte
Upt. 1.
201
40
487
83,093
194,314
91,438
850,878
4,029 1,648,494
270
209,'S27
1,058
Between interior towns
Inland, Ao., from South.
137
4,610
50.102
70,960
715
100
369,441
62,946
67,936
Total to be deducted
6,017
330,&89
1,873
500,328
'
t
liSavlng total net overland*
13,860 1,11.S,866!
Inoludiag movement by rail to Canada,
Deduotlons greater than overland.
2,l56ll,148,l71
190S-03
1901-02.
In Might and Bpinneri
ifMik.
Beoelpte at ports to Aug. 7
Het overland to Aug. 7.
1.
Watk.
Sinei
t»pt.
1.
11,946 7,449,025
2.156 1,143.171
30,0001.948,000 88,000 l,7e8,000
Total marketed
27,7391070019*! 52.102 10360196
164,339
*2,748i t46,626j * 4,770
Interior stocks in excess
sight during
g€pt
1.599|7,636.328
13,860,1,115,866
Southern consumption to Aug. 7.
Came into
»ine*
week.
24,991
Total In sight Aug. 7
47,332
10658668
10296857
Worth'B spinners' tak'gs to Aug. 7,
2,087,410 48,0all2,ll7,827
• Decrease donng
week.
\ Ijesa than Sept. 1.
Deduction.
Movement into sight in previous years,
^•«*BaUa.
Since Sept. 1Bale*.
1901-Aug. 9
„ 43.192 190O-01-Aug. 9
10,306,751
1900- Aug. 10
36.693 1899-00- Aug. 10
^ 9,085.508
1899- Aug. 11
36.293 1898-99- Aug. 11
.11.119,877
1S98— Aug. 12
.„« 23,912 1897-98— Aug. 12
10,993,592
j
Quiet.
Quiet.
Steady.
Steady.
Easy.
Steady.
Easy
Steady.
Easy.
Steady.
Weathek Reports by Telkgkaph.— Our telegraphic advices from the South this evening are generally of a very
satisfactory tenor. Rain has fallen in about all localities,
and a's a rule has been very beneficial to cotton. Temperature also bas been as desired for favorable development.
Our reports on the whole indicate that the crop is steadily
improving, and some correspondents state that it is overcoming the lateness of the early season.
Galveston, Teojas.— It has rained on three days daring the
week, the rainfall being three inches and twenty-five hundredths. The tbermometer has averaged 80, ranging from
72 to 87.
Abilene, Teajas.—Ifc has been dry all the week. Tha thermometer has ranged from 70 to 94, averaging 82.
Brenham, Texas.—
have had rain on five days of the
past week, the precipitation being eixty-two hundredths of
an inch. Average thermometer 82, highest 92 and lowesL 71.
Corpus Christi, Texas, There has been rain on one day
during the week, to the extent of thirteen hundredths of an
inch. The thermometer bas averaged 82, the highest being
88 and the lowest 76.
Palestine, Teoeas, Rain has fallen on one day of the week,
the rainfall reaching seventeen hundredths of an inch. The
thermometer has averaged 81, ranging from 72 to 90.
Paris, Texas,—
have had rain on two days of the week,
the rainfall being sixty-seven hundredths of an inch. The
thermometer has ranged from 70 to 93, averaging 78.
San Antonio, Tex. Ifc has rained on one day of the week,
the precipitation being four hundredths of an inch. Average
thermometer 81, highest 90, lowest 73.
Weatherford, Texas.
have had rain on one day of the
week, the rainfall reaching eight hundredths of an inch.
The thermometer has averaged 83, the highest being 96 and
the lowest 69.
Kerrville, Texas,
There has been no rain during the week.
The thermometer has averaged 76, ranging from 64 to 88.
Lampasas, Texas.— It has rained on two days of the week,
the precipitation reaching twenty-seven hundredths of an
inch. The thermometer has ranged from 68 to 93, averag-
We
—
—
We
—
— We
Tbe foregoing showt that the week's net overland movement
Ihu year bas been
bales, against 3,156 bales for the
week in 1908, and that for the season to date the aggregate net
overland azhlblte a decrease from a vear ago of 27,305 bales.
lahingt.
Quiet.
Quiet.
—
ing
81.
Longview, Texas.—lz has rained on one day of the week,
the rainfall reaching seventeen hundredths of an inch. Average thermometer 8a, highest 95, lowest 65.
Luling, Texa^. There has been rain on three days of the
week, the rainfall being fifty-two hundredths of an Inch.
The thermometer has averaged 81, highest 91 and lowest 71,
Cuero, Texas. —Rain has fallen on f onr days of the past
week, the rainfall reaching one inch. The thermometer has
averaged 82, racging from 71 to 92.
Dallas, Texas.— We have had no rain during the week.
The thermometer has ranged from 69 to 95, averaging 82,
Henrietta, Texas.— It has rained on one day of the week,
the rainfall reaching two hundredths of an inch. Average
thermometer 75, highest 103, lowest 66.
Huntsmlle, Teajas.— There has been rain on two days of
—
THE CHRONICLE.
306
the week, the rainfall being twenty-seven hnndredcha of an
The thermometer has averaged 82, highest 93 and
lowest 71.
JVeu» Orleans, Louisiana.— Rnn has fallen on five days of
the week, the rainfall reaching one inch and five hundredths.
inch.
The thermometer has averaged
Lotii«iana.—We have had rain on two days
during the week, the rainfall reaching thirteen hundredths
of an inch. The thermometer has raaged from 73 to 83,
averaging 83
Orand Coteau, Louisiana —Cotton and corn crops are
doing well. R lins during Ja'y Wc>re beneficisl.
Columbus, Mi'mssippi.—lt has rained on three days of the
week, the rainfall beiug one inoh and ten hundredths. Average thermometer 79, highest 98, lowest 60.
Leland, M.ssis'^ippi.— Cotton is late and small, but clean
and growing
nicrly.
India Cotton Movement from all Ports.— The receipts
of oocton at Bombay aud the sftipments from all India ports
for the week ending Aug. 8, and for the season from Sept. 1
to Aug. 6 for three years have been as follows:
1908-03.
82.
Shrei-eport,
—
UittipU at-
Bombay
—
Alabama.— The crop
generally favorThere has been rain on five days during the week, the
able.
precipitation being eighty-nine hundredths of an inch.
Average tbermometer 81, highest 94 and lowest 72.
Montgomery, A/o6ama. — Improvement in the cotton crop
have had
is general and indications are satisfactory.
rain on three days of the past week, the precipitation being
eighty nine hundredths of an inch. The thermometer has
averaged 81, the highest being 94 and the lowest 70.
Selma, Alabama.— Crop prospects are good. Reports of
open bolls are more numerous. Rain has fallen on two days
of the week, the rainfall reaching eeventy-five hundredths of
an inch. The thermometer has averaged 84, ranging from
70 to 97.
Madison, Florida.— The past few weeks of favorable
weather has greatly improved prospects. There has been
rain on two days during the week, the rainfall reaching two
The thermometer has ranged
incfces and ten hundredths.
from 74 to 100, averaging 88.
Smyrna, Georgia.— All crops continue to improve. Cotton,
which was very late sometime ago, is catching up rapidly,
and is now in splendid condition. From Albany, in Southwest Georgia, where I have large interests, reports are that
both corn and cotton crops are the best for years.
have
had rain on three days of the week, the rainfall being one
inch. Average thermometer 78, highest 89, lowest 64.
Savannah, Georgia. We have had rain on four days during the week, the precipitation being forty-seven hundredths
of an inch. The thermometer averaged 82, the highest being
94 and the lowest 72.
Augusta, Georgia. Conditions have been favorable, and
the plant is fruiting rapidly, although still late. There has
been rain on five days during the week, the rainfall reaching
three inches and eighty three hundredths. The thermometer
has ranged from t9 to 93, averaging 80.
Stateburg, South Carolina. Rains during the week were
mostly light or moderate, and very beneficial. It has rained
on five days during the week, the rainfall being one inch and
ninety-three hundredths. The thermometer has ranged from
67 to 90, averaging 78,
Charleston, :South Carolina. There has been rain on six
days of the week, the precipitation reaching eighteen hundredths of an inch. The thermometer has averaged 82,
ranging from 78 to 91.
iSileigh, North CaroKna.— Cotton is small but is fruiting
Mobile,
condition
is
We
We
—
—
—
—
well.
Charlotte, North Carolina.— We h&Ye had TSiin during the
week, the rainfall reaching one inch and sixty-one hundredths. The thermometer has averaged 78, the highest being 91 atd the lowest 64.
The following statement we have also received by telegraph,
showing the height of the rivers
3 o'clock Aug. 6, 1903, and Aug. 7,
at the points
1902,
named,
anal
from—
Orleana..^ ..._ .Above lero of gauge.
•w
Memptila....^..,....^.Above lero ol gaage.
a4tivlUe
hreveport
Vlekaborg
.~
.
...... Al)Ove
lero ot gauge.
of gange.
Above aero
Ahnv«>»«ro of
it»ng*i
—
6, '03.
190303..
1901-02..
1900-01..
1902-03..
1901-03..
1900-01..
Feet.
6-7
11-8
4-4
160
6 1
20 5
91
20
160
27'2
JxTTE Butts, Baogino, &c. There has been more doing
in jute bagging during the week, but prices are nominally
unchanged at 5%<i, far 1^ lbs. and 6c. for 2 lbs., standard
grades. Jute butts very dull at \%@1%Q, for paper grades
and 3^23^0. for bagging quality.
11,000
1.000
4,000
76.000
9.000
68,000
1,000
1.000
2,000
1,000
1,000
2,00U
2,000
1,000
OoniiH»Ht.
1.
total.
—
904.000
490.000
562,000
980,000
499,000
630,000
5,000
8,000
4,000
45,000
46,000
41,000
00,000
49,00©
45.000
2,000
1,000
9,000
3.000
8,000
25,000
16.000
18,000
34,00O
19.000
26,000
11,000
6,000
6,000
12,000
6,000
7,000
28,000
5.000
14,000
175.000
116.000
123,000
203,000
121.000
136.000
25.000
9,000
12.000
26,000
9.0O0
13.O0O
«
1902-03..
1901-02..
1900 01..
\11
others—
1903-08..
1901-02..
1900-01..
Total all1902-03..
1901-02..
1900 01..
1,000
iiooo
1,000
r.boo
Alexandria. Egypt,
Aug. 5
Receipts (oantars)*—
This week
Since Sept. 1
118.000 1,149,000 1.267.000
20.000
668.000
688,000
94 000 743.000 887.000
and Shipments of Cotton.
Alexandria Receipts
—
1902-03.
1901-02.
1900-01.
6,742'6o6
6,468'6o6
7,000
6,455.000
Thu
Sine*
fAtl
Sinet
tocek
iept.i.
iee<;ie.
atpt. 1.
SinM
Xkit
wmAc.
Mtpt.\.
Exports (bales)-
Xo Liverpool
To Continent t
350,000
4,oo6 i97,000
5",oo6
321.000
318,000
513,000 ii",ooo 348,000
Total Europe
4,000 747.00C 5.000 834.000 11,000 666,000
poands.
t Of wbloh to America In 1902-08, 82,798 bales; lii 1901-OS, 103,082
bales; In 1900-01, 54,969 bales.
*
A osmtar Is 98
Manchester Market.— Our report received by cable
to-night from Manchester states that the market is steady
for both yarns and shirtings.
Mprhaits are buying very
sparingly.
give the prices for to-day below and leave
those for previous weeks of this and last year for comparison*
We
1903.
32«
0(yp.
Tvoitt.
d.
d.
«998
108iii6»9^
" 17 8H «83i9
«• 24 9
f>9ia
" 31 9
«9>«
Aug. 7 8i5ie«9i«
jTily3
8''8
1908.
8 14 Ibt. Shirt- Ooten
iH lb*. Shirt Ooten
ing$, common Mid. 88« Oop. ing$, common Mid.
Twitt.
Upldi
to flnest.
UpUU
to flnest.
d.
d.
5
9Hi»8
8
6-64
5
SiflSS
6
650
9
5 10
b 10
5 9
e
8.
08 e
98 7ifl
©8 7ifl
«8 7ifl
d.
d.
S.
7^
d.
08ie
«83i8
738
6-44
6-60 73,e «S
6-60 7
f»7l3i6 5
6-66 615,ga7% }5
d.
4
B.
«8
98
O7
•7
•7
•7
d.
d.
5
10>«
9
5»S2
49732
7»«
*\
6
Georgia's First Bale.—The first bale of new cotton of
the season of 1902-03 was received at Albany Aug. 8. It was
sold for 15 cents a pound the same day and shipped to Savannah. It classed fully middling and weighed 368 pounds. Last
year the first bale reached Savannah July 22 from Albany in
Aug. 14 and in 1900 on July 38.
New England Cotton Mill Si tuation.— The number of
spindles idle in Fall River and other Northern mills is con1901 on
stantly increasing.
—
Importations of American Cotton, Arrivals of American cotton from abroad this week have been 4,046 bales from
Liverpool and 300 bales from Havre.
The Agricultural Department's July Report. — The
following statement, showing the condition of cotton, was
issued by the Department of Agriculture August 3:
The monthly report of the Chief of the Bareaa of Statistics of the
Department of Agrloalture will show the average condition of cotton
on July 25 to have been 79'7, as compared with 771. on Jane 25, 1903,
81-9 on July 25. 190z, 77 2 on July 25. 1901, and a ten-year average
otfi^-3.
The following table
of the last 3 years,
averages.
Georgia
Alabama.
FMt.
11,000
1,000
4,000
>>>
at
7, -02.
total.
Srtat
Britain.
Bombay—
Btaiet—
Aug.
Mtpi. 1.
5,000 1.907,000
Mmee tfcpUmdcr
OontiH<N(.
Britain.
Texas
Aug.
6000 2,118.000
tor tht Wttk.
Valrait—
—
Jtxik.
g*pi. I.
amperti
thermometer 81, highest 92, lowest 69,
Helena, Arkansas.— Cotton is in good condition generally,
and although late may make a good crop. The temperature
We have had rain on two days of the week,
la fine for crops.
the rainfall reaching seventy eight hundredths of an inch.
The thermometer has averaged 81*2, the highest being 92 and
73.
1900-01.
Sintt
Wfh.
Stpt. 1,
3,000 2,460,000
Oaloatta—
Memphis, Tennessee. The weather has been favorable and
crops, though late, are improving steadily in condition. The
rainfall was heavier in the immediate neighborhood than
here. There has been rain on two days of the week, the precipitation reaching forty- seven hundredths of an inch. The
thermometer has averaged SO'9, ranging from 69'1 to 91'5.
Nashville, Tennessee. There has been rain during the week
to the extent of forty-three hundredths of an inoh. The
thermometer has ranged from 67 to 93, averaging 80.
1901-03.
8%ntt
Wttk.
Crops are late, but are improving
Little Rock, Arkansas.
very much. It has rained on two days of the week, the rainAverage
fall reaching thirty-eight hundredths of an inch.
the lowest
LXXVII,
[Vol.
MlHPiiislPPl
South OaroUna...
Arbausas
Loulalaua
North Carolina ..
Tennessee
Inrllan Territory.
Oklahoma
Florida
Missouri.
Virginia
United States
,,„,..
shows the condition by States on July 25 In each
and that on June 25, 1903, with the ten-year
July 25, June 25, July 25, July 25, Ten-year
ltf03.
average.
19u2.
1901.
77
79
86
84
83
84
80
78
67
84
74
76
86
92
95
94
84
96
91
74
78
82
83
75
69
82
78
70
75
78
79
71
86
77T
81-9
77-2
84-8
1803.
79
76
76
81
74
73
80
83
77
79
83
76
76
84
78
82
75
69
85
78
76
76
79-7
83
77
80
88
92
81
It
86
86
90
88
87
88
89
:
..
1
.
AuaosT
.
I
THE CHRONICLE.
8, 1903.]
The June, July and Aagn8t averages, compared with the
Jane, July and Aagusc figiires of previous years, are as
follows
stales.
a>
"5
3
Q»
9
"<
•-i
Vlrgiala
No. Carolina
So.
CaroUua
Georgia
72
74
76
76
7.^
7t
74
Florida
fil
ft)
Alabama
76
Mississippi..
73
78
Loulshtna.
7fi
80
7
73
81
70
Te.xas
Arkansas
7^
.
Tennessee.
Mlasourl
Oklahoma
83
US
li
76
.
..
Indian Ter..
Average
..
74
73
1
97
94
8? 100
79 92
83 94
9=.
91
96
8i
»5
80
9^
73
94
100
10'
78 100
69
96
75
99
67
77
74-
7^
77
91
8^
88
83
84
7:
80
93
96
i"
9ii
90
8i*
;i
S
81
80
77
92
92
81
81
70
72
80
80
86
84
83
84
78
85
....
....
....
94
96
88
85
91
88
73-7 9?>\ 84-7 81-9
80
88
76
82
;3
S
'^
86
73
75
78
79
82
77
87
80
8-
82
74
69
70
71
78
75
m-6 811
^9
§
<?•
;i
;i
s
9^
H4
82
It
8
8l>
t
9i
91
76
78
7--
^a
^
3
1900.
1901.
1902.
1903.
«»
S
90
89
79
74
94
86
85
89
88
87
85
77
80
74
77
74
78
70
64
81
78
78
76
74
82
96
88
71
91
86
94
75
84
77-2 82-5 75-8
67
60
77
83
83
77
8i
80
81
760
The August Ist average's la earlier vears for all the States
were, accordirg to th« Agricultural Department, as followe:
81-0 in 1899; 9l'2inl89S; 86-9 in 1897; &0'1 in 1896; 779 iu
1895; 91-8 in 1894; 80-4 in 1893; 82 3 in 1893; 889 in lb9l;
89-5 in 1890; 89'3 in 1889; 87*3 in 1888; 93-3 in 1887; 81-3 in
1886 and 96-6 in 1885.
—
Domestic Exports op Cotton Manufactures. We give
below a statement showing the exports of domestic cotton
manufactures for Juce and for the twelve months ended
June 30, 1903, and for purposes of comparison like figures
for the oorresponding periods of the previous year are also
Government
of JianuSacture* of i^onthtndint JuntiO. 12 mo$. ending June SO
Ootlon (colorti (iii4 uncotored)
iv 02-0:i
1901-02
IWOS.
1908
Exported to—
United KInedom
France
yards.
S55.a»4
26kl,108
4.7e(
B,87.i
6,108 844
69 874
269,559
I
288,061
147.078
2,0»1,7(j0
I
P55,v<4»!
1,11 2.U C
13,611,710
8,49rt,on
41,958
216,3l»
8,617,816
9.065,918
1,600.024
l.fSl.eOo
188,6 J
18.005,1132
14,(IM9,«03
2,428,5d5
4,0t4,«16
3,839.388
k;4«,ki67
2.ii48,.?47
l.d»M..S17
80,021,'<47
86.6»r8il
WS.06^
1,160.0-2
818.1HI
»9i 5 9
63i',5l6
1,153.257
9.081,420
«21.9n7
11,816,*.01
8,o< 0.194
8,804 .3 '5
1,7(10,451
9i^^6ri5
l,0.H8.7l7
676,3-'-
30,99il,85!'
15 653.1)88
|
!
Germany
I
Otiier Europe
British North Amerioa
Cent'l Amerioa k Brit.
Honduras.
|
Mexico
Cuba
lUl-O.H'S
81'.03
Other West Indies and Bermada.
Argentina
Briill
Chill
Colombia
Vrnezuela.
648.035
Other South America.
Chinese ISmplre
10,>'61,«a.t
l,3i7,956
British East Indies.
HouK Kong
Japan
6,v<08
],04b.lH<
h7,957
8.841.6'^ 6
British Australasia
Philippine Islands
Other Asia and Ocev^lca.
i)64,0up
British Africa.
All other Africa.
100,061
Other countries
Total yards of abore...
28,'ii;-!,''ni
3466431
1,590,m50
9,Hi!3,i SO
9,e84,H15
7,024.6il
6,397,789
30,16J,0l7 877,071.600 335,327,764
10,MJ8,137
3a.»»uo 18,2U0.001
492,7. 7
3S6,201
2^,919
33<!,299
760,065
106.1^13
6,72u,742
5,«03.7l2
867,27^
6,86S,6M«
181 W7e
3,372,211
1,577,58U 40,03 ?,f3' 2l,774,5rt2
7,8' 9,7a8
6,105.420
507,. 98
779,648
1,16»,011
&9,41b
1 5,934
4'*4.:-25
42,•.^^16,S^5 496,3:
9,197 504 .73.- 13
M.l°1.9Ul t45,36;i,584 t25,8Di,l9(S
Total values of above.
Value per yard
FoliMS of other ManufactvreM of
Cotton Exported to—
United Eingdom
Belfrtum
France
Germany
Netherlands
Other Europe
British North AJnerica
Cent'l A merica Jt Brit. Honduras.
$-0631
(-0500
1-0612
$-0618
$78.6«9
16,345
26
103,174
l,Hi0
6,447
193 716
»424«8
1879,615
6,732
8,152
37,807
71,4.9
1,087,8S8
852
24,780
34,37
26 8-0
18.U4f
85.068
11,6^9
14,005
$880,871
6«,5-5
24 893
680.99a
11,439
57,161
8,237,740
412,101
40Ci,0 6
l83,iB9
173,^73
817,173
66,721
29,041
2>;,022
3.876
65,»'55
ie4,l<3-
2>!.8ll
18,»ii6
Brazil
Chill
7,9 ir
6)5
7,485
3,1 2 <
Colombia.
Venezuela
Other South America.
Chinese Empire
British East Indies.
9,UP
5,8v^9
8,18".867
830, i8W
411 8i«
18H,19?
270,767
18o,6t0
87,171
21.0«9
89.992
8.751
6,"t5
1,35-
90"
17,81-0
1.821
53,63e
19,434
45,f55
16,540
29,55!)
111560
Mexico
2M.138
20.H^«
Cuba.
Other West Indies and Bermuda..
Argentina.
..
New York—To
2464
1,774
48.452
Philippine Islands
1.0«6
10.8«
89,672
7,87S
Other Asia and Oceanlea.
•
British Africa
All other Africa
iflk-se
6,821
2.172
,1,861
l.fl
Tot. value of oth. mannfact's of.
AcKTecate val. of all cotton goods
SHSii.sii
12.134,16"
51,623
90,564
240,311
23,120
12.136
16,863,7^0
$8,247,166
416
$ie9,2&^
8,431
IB 2«2
418.808
84,782
88,296
93,«83
IP.B"!
10,2; 3
446,1-08
9,.'i47
Other countries
'
»2,flll,160 $3^216,304 $32,108,382
The Following are the Gross Receipts op Cotton
at
New
York, Boston, Philadelphia and Baltimore for the past
week, and since Sept. 1, 190--2.
Nbw Yoek.
Boston.
PHILADKLPH'A
BALTlHOm.
ReceiptB
Mobile..
.
This
week.
689
120
£02
12
Florida...
3o. Carolina
No. Carolina
Virsrlnla.,
48
North, ports
Tenn., &c
ForeiKn...,
Total.
Laetyear...,
Report.— Mr.
James
Total bales.
Liverpool, per steamers Armenian, 34
69
300
Carpaihla, 35
To Hull, per steamer Colorado, 300
To Havre, per steamers Bordeaux, 55 upland and 43 £ea
Island
La Bretagne, 2
To Marseilles, per steamer Victoria, 35.
To Liverpool— July 31— Steamers Barbadian,
Okljcans
Nbw
Wm.
144; Wayfarer, 4,675;
2,040
Cilffe,
100
35
6,859
To CopenUaKen -Aug. 1 - Steamer Florida, 137
To BAroeloua-Aug. —Steamer Hermlnt^, 5,378
To Malaga— Aug. 1 -Steamer Hermine, 1,000
To Vera Cruz Aug. 1—Steamer Malm, ."lOO
Pensacola-To Genoa-Aug. 6— Steamer II Plemonte, 100....
BosTow To Halifax— Aug. 4—Steamer Olivette, 2
To Yarmouth-Aug. 4— Ste-tmer PriLce Arthnr, 200
Baltimokb— To Bremen— Aug. 5— Steamer Chemmtz, 72
PHILADELPHIA— To Liverpool -Aug. 1— Str. Westernland, 5...
PoBTLAND, Mb.— To Llverpool— J uly 25—Str. Englishman, 7.
i
137
5,378
1,000
500
100
2
200
72
5
7
14,784
Total
The particulars of the foregoing shipments for the week
French Oer- '—Oth. Europe— Mexico,
ports, many. North. South,
die.
Japan. Total,
186
369
504
137 6,378
500
6,8&9
19,874
lOO
100
202
202 ......
Great
Since
Sept.
1.
mnce
Sept. 1.
This
week.
Since
Sept.
1.
ThU
Since
week.
Sept. 1.
844,579
New York.
N. Orleans
Pensaoola
ttOBlou...
t>aitimore.
Phll'deln's
......
5
7
7,240
Portl'd.Me
Tot»l..~
/m
......
......
•«••
......
......
......
......
......
......
/^
......
......
6
7
136
72
187 6,478
702
14,764
Exports to Japan since Sept, 1 have been 128,858 bales from
the Pacific Coast, 6,360 bales from New York and 400 bales
from Norfolk.
Cotton freights at New York the past week have been
as follows.
Liverpool
8atur.
Hon.
Tues.
12
12
20
12
12
20
12
12
20
12
12
20
12
12
SO
12
13
20
17i«
17i«
17i«
81i«
I7I11
171*
171a
21ifl
21ifl
17i«
17i«
21i«
17i«
17i«
15
28
30
28
15
27
16
28
30
28
16
27
15
28
16
28
80
S8
15
27
c.
Manchester
Havre, asked
Bremen
»..
e.
....e.
aamborg
ahent
171a
211s
e.
.^....e.
30
28
Baroel'na,liid'r't.c.
eienoa...
e.
meste
e.
Japan (yla
8uez).e.
15
28
so
28
15
27
4';®50
15
28
Ajitwerp
c.
Beval, ladlreet..e.
Reval, via Oanal.e.
15
27
45®50
Wednet. TKur$.
80
28
16
27
Fri.
171*
21i«
45»50 46«50 46950 45«50
Quotations are cents per 100 lbs
Liverpool. By cable from Liverpool we have the following
statement of the week's sales, stocks, &c,, at that port.
—
July 17
Sa'esof the week
bales.
Of whi' h exporters took.
Of which speculators took.
Salts American.....
Aotnal export
Forwarded
Total stock— Estimated
Of which American— Esl'd.
Total imnort of the week
Of which American
43
13,00(
35.00<
453 000
361 000
8,00i
6,00(
69,00(
Of which American
25,00f
,
July 31
24.
67.yoo
17,000
2,000
54,000
6.000
36,000
431,000
339,000
20,000
11.000
46,000
15,000
<•>
11,000
6,000
40,001
ufl 'at
Amount
July
Aug,
SO.ouu
4,000
2,000
26,000
17,000
28,000
890,000
302,000
3,000
1,000
47,000
15,000
7.
Sl.UOO
8,000
2,000
25,000
19,000
41,000
371.000
267,000
42,000
16,000
20,000
7,000
The tone of the Liverpool market for spots and futures
each day of the week ending Aug. 7 and the daily closing
prices of spot cotton, have been as follows.
Spot.
9at'day.
Mottday. Tuesday Wed'day Xhursd'y Friday.
Market, )
12:30 p. M.J
Quiet.
Mid. Upl'ds,
662
6 000
1.000
Hasler.
Qnlet and
6 70
6-62
6 66
8,000
1,C00
10 000
2.C00
Harden'g
firm.
423,560
34,608
Sales
Spec.
198.090
43,972
68,758
8,225
3.050
Futures.
88.768
4,598
18,768
Market
39,6-<)'
4,134
38,044
& exp.
opened.
102,7a
10,174
4,685
This
week,.
.
Brii'n.
e3,82>J
5,^61
19,617
12'.
311
HonK Eons
British Australasia.
N.Orleans.
Cotton
Shippino News.— As shown on a previous page, the
exports of cotton Irom the United States the past week have
reached 14,764 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
OuantitiM
Texas
SaTann'h&c
Weekly
Berry, Chief of the Climate and Crop Division of the United
States Weather Bureau, made public on Tuesday the telegraphic reports on the crops in the Southern States for the
week ending Aug. 3, summHriziog them as follows:
The improvement In cotton oontlnnes generally ttaronKbont the cotton belt. It Is Iraliing well, althonKh too ranfc growth In portions ol
the central and western districts and shaddlng on eand.v lands In the
Oaroilnas 1» reported. Kalus have been (leirliuental in the central
and southwestern portions of the cotton area In Texas, but have been
bent flclal In the northern portion, while boll wtevll appear to be more
destructive In a few of ihci southwestern counties. Clear, warm
weather Is needed In Louisiana and Texas. The crop continues late.
arranged in our usual form, are as follows.
presented.
from—
307
130,103
860
63
6«,2a'^
263,6 7
98,6f0
73,480
26,961
n
o
f
Steady
Steady
at
2 pts.
decline.
iritS
148
47,114
1,771
Market,
4 p. M.
The
5,855| 1,812,44"
032
658,205!
4 251
67,784
148
186,128
6.I17' 1.816 6il
53hI
591.IUli
40
e8,47i
6.664
247,448
}i'ii pts.
I
1,000
at Steady at
9pt3.
a(S6 pts.
adyauoe.
decline.
Steady at Qniet at riteady
advance
8 000
Weak
a-
ptl,
adTanoe.
103,500
1,018
117
o
Qniet at
3<^6^ Ptt..8>i®ll^p. k@2^'pt«.
advucoe
'iHOllne.
advance.
I
at
I
prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
.
THE CHRONrCLB.
808
Cir T%e
>
.
and
prices are given in pence
Tku$: 5 -67 meant
lOOlA.
oaiLY oiiOBine nuoBa of mo. 8 mixbd oatb
67-100<J.
Sat.
Sas.
Aug. 1
non.
Aug
Taea.
3
Aiig. 4.
Hi*
4
2%
P.M. P.M
-H^pt
.,
8«ptember..
o
Bept.-oot....
Ooi
o
4 181* 4 I8t« 4
P.M. P.K. P.M. P.M. P.M.
d
d.
<t.
(t
«3S
6 Sf
6
631 ^87 6 34
<f.
'^9
Nov.-i>«e....
Dee. -J an....
..
Moh.-«C)rU..
6 27 6
'23
6 30 6 28
AprliMay
May- J one
qnir* meets, it is claimed, are snffijlent to keep mills closely
sold np; therefore there has bet-n no pressure to move supplies, and with some jobbers taking a more favorable view
of the future of the market, they have been freer buyers to
New-crop winter-wheat
cover thtir prospective wants.
Hours have been meeting with a fair sale and h:ive brought
firm prices. Rye fljur has been quiet but steady at unchanged prices. Corn maal has. beea steady at uochanged
prices, with both offerings and the demiad limited.
Speculation in wheat for fui:ure delivery his b^en moder
ately active and the tendency of prices, especially for the
more distant deliveries, has continued towards a higher
of the crop news from the springand from Manitoba has not been favor'ib'e,
latest estimates of the yield of the three leading spring- wheat
States b^iDg placed at only 170,000,000 bashels. Advices of
the yield of the winter-wheat crop have been irre-ular,
reprrta from some sections being disappointing; bnt the
information from Kansas was that the wheat crop in
The
that State will reach about 100,000,000 bushels.
receipt of this estimate resuU^d in a temporary reaction in
va'ues. Cable advices from Europe have reported crop prospecs as less favorable, and stated that wheat was lodging in
Engiard ard in France. The movement of the winter wheat
crop has shown something of an increase the past week, but
the receipts are still below the normal for this season of the
year. The spot market has been firmer, and during the latter
Dart of the wef'k exporters came into the marliet as good
To-dav more favorable weather reports from
buyers.
Europe, easier Earopean advices and profit-taking sales by
recent buyers weakened prices. The spot market was less
The sales for export here and at outports were 136,active
The character
ates
000 bushels.
AILT aiiOUH« PBI0B8 OT HO. 8 BSD WnrTBB WHBAT
Mon.
tuet.
84%
841*
84',
84'''8
Sftifl
8538
8538
86i«
87^8
Sat.
Cash wheat
t.
o.
b
Bept delivery tn elev
Deo. delivery In elev
85
Di
NEW YORK.
Wed
84BS
8408
SftSlB
TXun.
85>«
85>«
86i«
Pri.
85
84%
85>«
87i«
86%
88
DAILY OUMUHe PBI0B8 0> KO. 3 SPBOIO WHBAT IH CSICAGO.
Wed. Thur$,
J^n,
Sat.
Hon,
Tuet.
May
delivery In elev
8 6»a
Sept. delivery In elev....
Deo. deUvery In elev
S0%
SC*
79%
8038
82i«
8538
81»4
8314
87
7938
8038
SDH
8l>4
79B8
80i«
8<i%
wev .... 82>4
82%
83%
corn
futures
have received only a limited amount
Indian
of speculative attention and the changes in prices have been
nnimportant, the fiactnations being limited to small fracWeather conditions have been generally favorable
tions.
throughout the week for the growing orop, and it is understood that th^re have been freer country acceptances on oldcrop corn. Despite these developments there has been no
especial pressure to sell, the trade generally pursuing a waiting policy, and prices have held to a steady basis. The "Cincinnati Price Current" in its weekly review of the crop situation says that the condition of corn is maintained or slightly
unproved. Bulk of reports vary between one half and threequarters of a crop. The spot market has been qaiet but
steady. Today the market held quiet but steady. The spot
Blay aeuvery in
market was
quiet.
DAILY OLoaaia pbiob* or ho. s mixbd oosh hi
UaAb
com
t.
0.
b
NB'W rOKK.
DAILY
o.
o.
^^ _
01ear8...^.Mia..>~.
Straights.........
(Wheat
flonir
4
8 mixed In elev
8 wklte In el«v
34%
36%
37%
36%
Flour,
from—
bbl».
Ban Fran.
Pngeta'd
Total
88
40%
40%
946
989
39
38
..
e.
959
f.o.
b.58%
t, o. b.6»
to.
western .........
958
..-68
60 969%
63 960
48 949
State and Jersey
40%941%
e.
67
t o. b.69
No. 8 yellow...
No. 8 white
Bye, par boah—
37%a39%
Barley— West
Feeding
Wheat,
bush.
Oom,
Oata,
btuh.
bush.
Barley,
bush.
Bye,
huih.
88.000
Wheat— Thrashing
225
452,893
An
excellent crop
Is
now assured
wheat has continaed under
favorable conditions, harvesting having been finished except In portions of New York and Michigan and on the Paolllo coast, with dlsapof winter
polntlne yields.
Spbino Wh BAT—General rains In the spring-wheat region of the
upper MisBoarl and Red River of the north valleys checked the
ripening of sprint; wheat an<i caused better tilling ot the heads. Harvesting is in progress, some of the early-sown helug out lu the northern portion, but was delayed by rains In South Dahuia and Nebraska
Harvesting Is also In prottresB in Oregon, with )lght yield, bnt of excellent qaaluy. In Washington the crop Is maturing slowly, bat Is
filling well.
Oats -Rust
In oats Is quite extensively reported In Iowa, MinneWlscnneia and poriions of Pennsylvania, but late rains have
bentflted the crop In Minnesota. Harveatlng Is well advanced In the
more northerly sections, being largely completed elsewhere. With
yields generally lighter than anticipated.
sota,
The movement of breadstuff s to market as indicated in the
ftatements below is prepared by us from figures ooUeoted
The receipts at
jy the New York Produce Exchange.
Western lake and river ports for the week ending Aag. 1,
•nd since \na, 1. for each of the last three years have been:
»4CHVU<U-
Oom.
fVheaU
PlOtiT.
OaU.
Barlty.
Bve.
B»u.iweibi Btuh.«oa>» fiutk. 56 lb« Bkuk.32 lbs Buth.Mlb$
hlsago
136.016
66.1S6
tllwsakM.
8.100
•sistfe
'0IS40
•trolt
878.803
382 873
8,919,346
2.170.408
3.3-4.313
8 020,>"36
1,779.685
4681.617
108.502
6.839.918
2,643.643
3,691,477
canisi Olty.
rot.wk.lB08
lam* wk.'OS.
'•mewk.'Ol.
M«c« AUf. 1
17.099
174,400
44,390
10,600
'•orla
149.600
9t3.eoo
ii,9';6
.
3,a73,900|
24,000
e.800
laveland .
It. Loali....
947,240
8,860
407.445
71,2S0
70,7 ?9
788 260
397.000
29.163
144.He2
31,140
190 000
49.434
80.094
205,290
4-0 000
tlnneapoUi
1.087 18S
139.560
118,000
46.770
107.836
S97,2)0
121,800
103,8CO
140.186
43,9C0
88 •SO
15 683
9.900
3,28S
19,880
7,100
8.181
8,100
4,800
286.283
103.041
62.897
96,184
1SO.048
34»je98
80.612.W3 318,809.068 166,216.098 192.151,974 59,835.643 8.8»«.260
103.041
l!20.04S
8.t20.S36
398 872
X,77»685 4,981.617
&i
840.290
8.001.477
6,H39 91S
8.6 13 645
408,508
mr
190]..
The receipts of tloar and grain at (he seaboara ports
week ended Aug. 1, 1908, follow
foi
the
0»r»,
kuik.
«t««4»ti«l-
Ntwtork.
160,648
Biiton
221-9-i
3tt.6l3
Ti.l.
7t<,287
Uantreal..,
PiiladeipVia«
ititlmors
ilshmond
(•w Ori«sn»
lawportNewi
alTSiton
P>rtlan<l.
Me
543
>>.<ik.
il«rl«l.
kwik
19.1S5
8.7TS
891856
71.1-48
'iarii
847.4.17
80978
hU92l
S.800
19,064
7.48S
8,888
89.046
89.674
U,it>0
13.818
434.060
8.^75
vo,8oe
]14»4
612U0
8' 000
.lis
0«t«,
feuik.
49!.I00
198.761
116.581
448<16
1.429
80,7u4
6d,UU0
7,000
679,4o6
90,000
14.000
67
'nana
PortArthur
looa.
...,.
4«S2'S0
61,675
6r8V!46
187 790
82,i4u
Penisoola
Tota, week.
83
f.
—
93%
b.86
o b 92%
o.
97.000
38,000
271,641 1,459.747
.
WiNTiiB
Week
,„.
40%
b
Western mixed
No. 8 mixed
Th<^ crop ontlnaejs late.
In the 8nntti»Tii States.
HOT„
38
b.94%
States.
l»03
33
f.o.
f O.
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. 3, as follows :
CoEN— Corn Is generally Improved, especially in Iowa, Nebraska,
Kansas and portions of Illinois and the Lake region, the least favorable reports being received from Missouri and the Ohio Valley
Pri.
40i«
. ......
20,000
&8ifl
4U't
Nomlnai
. .
Weetern.eto...... 3
Berry,
58>«
68I4
6838
88
30
ea 60
6S3.L44
TKure.
40%
Buckwheat lloar
Corn meal—
25
Government Weekly Grain Report.— Mr. James
68%
58^
dSH
40
«4
05
OltymlUe, patent.
Oom, per bash.—
e.
.
97,000
Tot. 1902
Wed.
tri,
87«ls
Portland
e8>9
OB can n NB^r YORK.
Mon. Tuet.
Wed. Tkurt.
35
3e'8
Patent, winter.... S4 00
4 75
Ryeflooi.saperfine 8 90
95
05
25
86
35
35
0.
f.
«.„.
Exports
r^e*.
eat.
34%
35%
Exports of Glrain and Flour from Pselflo Portg.— The
exports of grain and flonr from Pacific pores for the week
ending August 7, as received by telegraph, have been aa
follows: From San Francisco to China, 50.000 bbls. of flour
and 14,000 bushels of wheat, and to the United Kingdom,
24,000 bushels of wheat.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreig^n
countries for thei period since July 1. 1903, comparison being
made with the corresponding period of 19J2.
e8>fl
OLoma nuoBB
Wrt.
31%
OBAtH
No. 8 white... ...».
iron.
68
fAwrt.
84%
35%
37%
20 93 25
Brandywlnc
3 25 «3 30
mUb at prloen below 'those tot barrels.)
in eaoBB
<7heat. per biw
H.D(il..K.> 1 New
HT'thert: Dal., »o.l
Red wtntei. No. 8
S8>s
68^
Si's
3638
92
93
93
40 93
75 94
70 96
8
8
,
t'atent, spring...
sat.
6838
58 •«
58
68ia
5808
68
DAILY CLOaillO PBIOBS Of HO 8 MIXBD 0O3H in OBIOA60.
Pri.
Sat.
Mon.
Tuet.
Wed. TKuri.
52i«
62ie
51%
5214
5218
Sept. delivery In elev
&2>s
ftlOa
52
52
52
61%
62
D«o. ileiiver:r in elev
52i«
52)4
52
b2»»
62
6^98
May deU very In elev
Oats for future delivery in the Western market have re
ceived only a limited amount of speculative attention. Tne
tendency of prices, however, has been towards a higher
basis on disappointing crop returns. B3ceipt3 at primary
marke e have been running fairly full, and stocks in the interior have been increasing, as the cash demand has been limited.
Locally the spot market has been quiet and easier.
To-day the market was firm but qaiet.
Sept. dell verv In elev
Deo. delivery In elev
W>d.
33^8
3408
34
i^e..... ..... ..^.
Baperflne,
92 85
«xtxa. Ncj. 8
2 90
xtra, No 1.. .^^ 3 15
White
No. 8 mixed
August 7. 1908.
A firm market haa been experienced for wheat flonr, reConsumptive refleotict? the increased cost of the grain.
wheat S
Tuet.
Following are the oioaing guotattons:
»LO0R
Mort^ Dnl No. 8.
jats—Mlz'd.p.bnsb.
BREADSTUPPS.
Friday,
basis.
Hept. delivery In elev
Deo, delivery In elev.....
May delivery In olev
n ouioaqo.
Mon.
tiff.
ft 8> ft 81 S 39 5 87 5 79 ft 7ft %82 5 76
5 43 5 43 5ftO ft 48 ft 40 5 38 5 44 5 39
> 39 5 87 ft 30 5 39
ft 33 5 33
31 5 29
5 29 5 2
5 33 5 26 5 25
30 ft 25
29 5 24
ft 2S 5 2- 3 34 5 3i ft 25 5 24
5 87 ft 28 1 33 ft 32;5 25 ft 23
29 5 24
6 27 6 37 5 33 5 31 5 24 5 23
28 5 23
Not...,
Jan. -Feb.
Feb .Moh.
5.
^43 640633 6 29 6 37 6 32
6 29 63 t>37 6 34 6 27 6 2'^ « 306 28
Anpart
AQk
Tkvrs.
Frl.
A
Aug. 7.
6
I^ed.
Aug.
LXXVU.
[Vol.
S0,6I1
2,0U0
120,000
.
408.780
2,«S0,5^5
877,8^
8.641, 68
iotai reoeipti at port!
follows for foar years:
1.263.781
818
5W
ixom JaQi
1
B97.152
421.910
to Aug. 1 oompare as
—
.
August
B$eM9t OT—
ll,659.e»6
67,446,8i<5
64 471 93)
ll.dO 1.403
81,S04.U02
a.2rt»,706
84.n4e4i
1,50 3.M9
8,eea.47j
l}l9 J. 8 yi
Oom
%r*^
THE CHRONICLE.
.bbU. 12.003,410
..bath
WtaMt..,
—
..
"
•Totalsraln
lUOl.
lt.7a7.«A5
53 438 5 '9
lia.277 9il
87 519 855
H9 574,4^8
4».00« 201
8.0-41.4 we
3,441.203
331.231,853
103.980.14l
168.428.7B8
lUOO,
13,397.750
44ll4,^7i
7.5l4.iih5
UI.M 476
319.02J.-38i
leveral aea board ports for the weefe
1908, are shown In the annexed statement-
The exports from the
•ndicg Aug.
1,
0»rn,
kufk
58a210
Mx9crU tT*m — biMk.
N«w York
186.417
rortiand, Me.
Pbliadelpbia..
7l«ur,
OatI,
bbfn
78.4 3S
bii>l«.
RawOrlaani..
HawQ'rt Nawt
('B.VOO
i'es.'ets
407.080
88,000
87.012
S.4e6
7.000
4&3.0«1
Uotitr«al
49'l'.0fl2
OalTMtno
£68.000
13.176
62.579
8.747
82.140
17.831
8.400
20.511
3.000
1,866,519
39.251
a*Betlni«'C3.J2.5:»fi90
380.390
247,294
MoDil«.
Tout week.. 1.746.195
r^
93.1163
f——Wh$at.
.
Weeh
Sine* /«lv
B. * C. manoa.
1.
Indies... -
r.H.Ain.Oolo'a
Otber aovntrlei
1
^u«A.
008.820
812,9;6
811.340
216,100
84.603
»
Bin*$Julv
1903,
1,
bu»h.
8.3'8.85l
2.7 ?9. 10 8
1.378
0.804
18,038
»
21.062
6r2,rt03
2.420
599.4^0
8,33('.4»2
685
15.1i;7
1.746,195
2.559,590
1.8i»3,701
177.a«4
2'57
15.M4fl
49,341
117.498
421,591
8.108 678
1,266.610
39,351
e.38<,9)3
12,187
SO.OhS
1.294,582
03:!
Il.li4.9t5d
411683
visible sapply of grain, comprising the itooki it
granary at the principal points of accamnlation at lake and
Maboard ports, Ang. 1, 1908, was aa follow!
The
Oarn,
Oeti,
*'u\
*50noo
kuik.
440 nor
481
48.000
eo.ooo
310.0UO
137,000
21.000
irb.^cO
868.001;
fVktmt,
imtartet-
ewTork
Do
oaton
afloat... ^.
Si7.-'^0
^.
110.300
Oriaant..^....*.
8*9 aoc
137 Oio
Pklladelpiila
B»ltimora
Paw
Do afloat..
Do afloat
••troit
afloat
Do
Ofelaaco
Do afloat
Mllwankaa
DO
ftfloat
61.00C
191.0011
10.000
10,000
1.000
60,000
103.000
3,000
679,000
"3.006
'39.66c
'io'.obo
103,66c
701,000
877'.b66
168.00*'
"7"000
6l.ooa
'si'bdc
17^000
"9,600
1,480.000
8.S07.006
3.i40.bb'e
244.bo6
804,000
'86.600
iislobo
11000
.......
PUWUrm* Pt.Arth'r
630.000
286,000
Valntk
afloat
MlBBeapoUa
afloat
as.oiK)
40.000
28.000
73.00(
4,006
30,000
146.006
41,000
10.666
22.000
'23,'66(
8S7.0U0
16,000
81.000
4.000
"1.000
'26,066
--.
"
KanaaaOitT
550 000
Peoria
ladlaaapolU
10,000
4b8.000
121.000
140,000
38.000
474.000
324,000
168.000
642.000
612060
Total Anc 1. 1008.. 13.415 000
Toial Jai7 '^5, lOua.. 1 2. 50. 000
Total Aacr. 2. 1002.. 219 3.000
Total Aup. 3, 1001.., 80,4''0,000
6.990.000
7.311.000
6,4«5.000
5.229.00O
7.2'*1.000
2.87 7.000
12,565,000
4.S51.000
ToUl AaK.4.
12,d<.0.000
b.6ii6.000
00
"2.66t
1.000
'"
8.816,090
1.0»4,00«
8t.L0Bli
Do
230,000
601,000
veieao
Do
no'^
SOO'O
993.000
fieo juu
I5.00r
788,000
eaiTeatoQ
Montreal
Voronto..
Balalo
0,000
Mlaalaaippl Blrer
OBLakea
Oe aanai and river.
. .
V-
1000...
47.535,000
262,000
20,000
668,000
684.000
271,000
669,000
007.000
8«'?.OO0
885.00
135,Jur
Nbw
York, Friday, P. M., August 7, 1903.
There have been more buyers in the market this week than
for a considerable time past and basiness with jobbers has
shown an improvement as a result, the purebasea of the newcomera being confined largely to operations in the jobbing
houses. Out-of-town reports show that the jobbing business
is increasing in other centres and that a good fall trade is
counted upon in spite of the unusual conditions prevailing
The primary market in cotton
in the cotton-goods division.
goods has not shown this week any new feature of moment.
The improved buaineaa with jobbers has not yet been
buyers
Goods.
still
wear woolen and worsted
spring have been in general re-
week, and a considerable aggregate business has
Tnis has been materially contributed to by the
orders placed for fancy woolen fabrics, the demand for these
being again the most prominent feature. A number of lines
of faijcy woolens in medium grades have been sold up
and withdrawn.
Homespun lines have also done well.
Plain staple woolens have been in about average request, but
staple worsteds of tue clay and serge order are comparatively quiet. The higher grades of woolens and worsteds
are being opened, but have no particular bearing upon the
price Biination as previously noted. Overcoatings continue
ttiis
been done.
882
9,401
226,344.
277
318
13
144
44
6
1,348
790
149
83.926
12 657
13.446
6.670
14.468
1.816
6,322
30,669
8,330
6,209
177,731
8,02'7
200
12
210
60
418
2,093
The value of these New 7orb exports since Jan. 1 to date
bas been |9,902,6S8 In 1903, against $8,127,608 in 1902.
'The market shows decided strength in the coarse, coloredgoods division. Stocks of all descriptions are small, and
sellers are unwilling to commit themselves ahead to any extent on such lines as denims, ticks, plaids, etc. The demand
is moderate and checked by the difficulty of placing orders.
Heavy brown sheetings and drills are unchanged, in price.
The demand is quiet on home account and slow for export,
but the curtailment of production of these goods has been
very considerable. For light-weight sheetings moderate orders have been placed at full prices. Stocks of bleached
muslins are light in all grades, and prices are easily maintained in face of quiet buying. Sales of wide sheetings are
limited by scanty ready supplies. Cotton fltnnels, blankets
and quilts are firm. Cotton linings firm in all staple varieties.
Prices on staple prints are well maintained, as the business
passing keeps stocks in good shape. Fancy prints are without special feature. Staple and fine grades of ginghams are
in small supply and very firm. There has been no demand
for regular print cloths, which are unchanged at S^^'c,
Narrow odds have sold moderately on that basis.
ide odds
are quiet, with occasional irregularities in standard lines.
Foreign Dry Goods.— Fine grades of worsted dress goods
are in fair request in light-weights for spring at firm prices.
Silks are quiet but firm in sympathy with raw material.
Bibbons unchanged. Linens are quiet at full prices. Burlaps steady, with light orders.
Importatlone and Wa.reb.onme IPiritlidrawale ot Drr Goode
The importations and warehouse withdrawals of dry goods
at this port for the week ending Aug. 6, 1903, and slnoe
January 1, 1908, and for the corresponding periods of last
year are as follows:
W
H
9
M
W a
R
S
2.«
•to
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1
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Bi
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to sJS^JS
5 if
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m
m
CO*''
1-*
00»J*kO-«
ft
1*.
to
^
1
M
H <t>
H
OD
m
H 91
M
J
•
«
'
I
2 • Mi
• 05
f
to
ii
a
w
•
M
•
B
—Men's
fabrics ia light-weights for
quest
1,337
8
2.864
—
ally satisfactory.
Woolen
22
Oentr»l America. ..... ^^ ....
onth merlc».K.........~.. 2,270
266
~..
OtherOonntvlei. ..^ .
re-
operating with caution. An increase in the demand at first hands, however, seems likely in
the near future as the outcome of depletion of stocks in
second hands. Thia does not insure any change from buyers'
present policy, there being an apparent determination on
their part to purchase goods only as they positively need
Prices this week have not shown any important
them.
changes. The mills are very reserved sellers, even holding goods on hand for top prices in nearly all instances, and a
very strong tone pervades the market. Curtailment of production is still going on, a number of additional milla being
reported shutting down this week. A good business has
been reported in woolens. Collections are reported generit,
Week. «ine«/an.l.
M~.. 2,soa
313 OOC
405.000
THE DRY GOODS TRADE.
flected in
Ifack. Since JfaH.l.
—
..............
licct
Corn,
W«ab S4n«« J«lv
Altg. 1,
1. 19(3
butn.
btnh
36.126
10!4,244
250.830
247.204
Total
ToUl 1001-02....
Aug.
1903.
bblt.
17.477
10,270
2.076
6,842
1908.
Total
Plcur.
Avg. 1.
aiul line*
bbit.
^«i« 1 t«Onlted StnsdoBB lS9,«3t
66.931
Oontlnant.
1903.
~..
~..
West iBdlee....
Mezloo................^^.^.
week and
of these exports for the
wMk
Waat
2247a
105.258
fair-
3.
110.469
9.689
26,681
7.106
17,797
1,848
7.048
86,994
6,768
1908, Is as below:
1,
to Aug.
....^ ..^ ...... ~..
4r»bU.....
0.000
The destination
Nbw Yobk
Afrloft
Port Arthur.. 120.000
and
packages, valued at |404,194, their destination being to the
points specified in the tables below:
326
'28".474
firm,
—
Oliln*
305
is
spring lines in both
Domestic Cotton Goods. The exports of cotton goods
from this port for the week ending Aug. 8 were 9,401
Qreat Britain....^ ....» ....
Other azopeaB..~~.M~...
38.7t<3
b5.(tUU
reported in cloakings.
is
division
new
sized orders are being placed for
staples and fabrics.
si.oea
OT
Pmsaoola. .
July
857
and only a moderate business
The general tone of the dress goods
JSar 1*1
617
14.060
1.4li9
8«000
Baltimore
P«ai,
lit:
quiet,
309
12^0
287
4».7H«
Boaton
W
w
.'
8, 1903.]
rionr..
Oatt
Barley
:
s
9
tOM
e»cobCco-J
^CO-'COX*
eoi-oioto
©wax-*
CK#> CO vioa
© W(V<CD.O
H
-
?
s
*
M W
M
CO
©
«
to
1
1
6
.
THE CHRONICLE.
310
AW
Brftrt
City D£f;iBTM£WT,
^h^ (Thvonick*
New York Olty was in the market with an issue of
$3,500,000 3^ per cent gold corporate stock, and was
fortunate enough to dispose of the same. The
sale
Terms of Subscription— Payable
for One Year, Including
ror 8U Months
all
was
102
of
PUBLISHED WEEKLY.
—a
made on July 22
basis
addition to
in Adrance:
of
Supplkmbnts
f 10 00
6 00
13 00
7 50
Knrop«an Subscription (Including postage)
Enropean Subscription Six Montiis (Including postage)
The Ihvestors' Sitvplement Is furnished withoiii extra charge to
•very annual subscriber of the Commercial and Financial Chronicle.
The State and Cttt Sppplement Is also furnished without extra
eKarge to every subscriber of the Chronicle.
The Street Railway Scphlement Is likewise furnished without
txtra charge to every subscriber of the Chronicle.
The Bank and Quotation Supplement, Issued monthly, is also furnlBhed without extra charge to every subscriber of the Chronicle.
[Vol, LXXVII.
$1,308,179
about
of
public
its
an average price
3*418 per cent. In
at
offering,
bonds
to
its
the
disposed
sinking fund.
city
own
put out over ten millions of temporary revenue
all of which were taken by outside parties at 3f and 4 per cent interest.
These revenue
bonds we do not Include In our totals for reasons previously given.
The city also issued, it should be
stated, $4,000,000 of the new *' general fund bonds,"
of which, owing to their peculiar nature, we take no
It also
bonds, nearly
account.
Terms
of
Advertising—(Per
Incli Space).
Three Months (13 times) .$29 00
Six Months
(26 times) ... 50 00
$22 00 Twelve Mon hs (52 times) ... 87 00
Transient matter (each time) $4 20
standing BrSINESS CARDS.
Two Months
(8 times)
DANA
COlTIPANir, PuMUbers,
Pine Street, corner of Pearl Street,
\«'ILIiI.\in
B.
NEW YORK.
Post OrFics Box 958.
MUNICIPAL BOND SALES IN JULY.
The
of the municipal bond market remains
nnchanged. Conditions are such that the
offering of low rate secnrities meets with success only
in very exceptional instances, and even high-rate
bonds do not alwajs find takers.
As in the months immediately preceding, the conspicuous feature in July was the large number of unsuccessful attempts to sell bonds.
la many oases no
bids at all were obtained and in other cases the bids
received were unsatisfactory, and hence were rejected.
In the list following we show no less than 57 places
which, for one or the other reason, did not sell their
bonds. This follows 55 unsuccessful offerings in Jane
and 36 in May. Some of these offerings marked the
second, and indee(3, in the case of Gohoes, N. Y., the
The list Inthird attempt to dispose of the bonds.
cludes a number of well-known municipalities of un.
state
practically
questioned financial standing.
BONDS FOR WHICH NO BIDS RECBIVBD OB BIDS REJECTED.
Anlloc.h. Cal
Y
BiDKbumton. N.
Bryan, Ohio
raddo Parlfh, La
Carthaue (Mo.) School
Chicago. South Park
Clark County, III
Clear Lake. So.
Cohoes, N. Y
Cook County,
Cuero. TeJias
Ca>abova
Amouvt
Int.
6
Almo. Kan
AntiKO Wis
Dak
111
4
6
Herkimer, N. Y
llockincCo., Ohio
Hubbard, Ohio
8K
40,''(o
Humboldt (Tenn.)
fO.<00
76,0(0
4
4 +1.6C0."(
80,OCO
6
B.OOo
i
.•!« c 18H,613
8>i
on
54 0(0
(O ) Notes. .6
4
Dnbolg Coantj. lud
Enterprise.
6
Haven,
Fair
Vt
4
Kayeiteville N. C
6
Fisher Co., Texas
4
Graceville Mnii
18,<
C.>.
Mmn
Grafton (W. Va.) School... 4 Ji
1
4
Grant Co.. Ind
SH
Harrittstown (N.Y.) Sch ..—
(Conn),
Wash.
Bartford
.4
HaptiDKS (Neb.)'ichool....4><
4
Hazlelon (Pa.) School
t
Sold later in
month
I
'
60.1 00
IS'i.Oi.O
a eO,()(;0
lO'i.COO
Olive, N.
J
C
I
I
1
I
I
I
I
Ga
Minn
Sanriersvllle.
75,000
20,C0O
6
20,000
642,000
?J^
4
20,000
Hl'.OCO
4
10,000
5
b2C 0,000
4
75,000
4
4
c .^,000
4
6
Cloud,
*}i
4
SherodBVllle (Ohio) Sch... 5
St.
iShelbyCo. Ohio
I
Sioux City. Iowa
iH
Sou'h Omaha, Neb
il4
20.0CO South Omaha (Neb.) Sch..
10,000
at private sale.
16,<)00
14,500
20,<i00
665,000
lot 00
8,000
b 87,0iO
c 60,000
31,509
10,000
875,0(0
5
I
I
40,(00
60,000
I
I
Sprinefleld,
Tenn.
State!:boro,Ga
•
Sold
lat«>r In
5
5
month
• 7i ,000
i 100,000
86,o00
3U,000
at Increased In-
Unsold portion of t'Oi, 000 bonds (ffered. » Part of issue offerLd
tulce without success, a Un^old portion of |16o,00O bond Issue. 6 Sold part
of Itsue later in month at private sale, c Bonds oflered for a second or third
terest rate.
disposal during the
I
month
month $16,859,240. In
the case of each loan reference is made to the page of
the Ohroniclb where a full account of sale is given.
the total
bond
sales for the
JcLT Bond sales.
Pa0€.
Name.
Sate.
312...Ada Co. (Idaho) School
Maturity.
Diet. No. 22
103.. AdainB c^o Mlea
262.. AhroD, Ohio
213...Alcorn Co., MU8
168.. Alexander Co., Ill
262.. Alhambra (Cal.) Sch.
Dlst
312.. Allegan, Mich
262.. Allegheny, Pa
103.. Amhoy (Minn.) School
5
5
tl908-I91S
5
4
ti908-'{9"23
4
4
4
19041923
4
1918
1904-1916
1933
,
DlBt
312.. Areata (Cal.) Sch. Dlst.
5
213. .ABbary Park, N. J
4
—
—
Jaly was $9,806,596.
The number of municipalities emitting bonds and
the number of separate issues made during July
This contrasts
1903 were 202 and
with 225 and 284 for June 1903 and with 218 and
244 for July 1902.
257, respectively.
1910
1923
'"igos""
Amount.
Friee.
$1,000 100
4,000 102
7.60011100
10,000 101-20
43,000 100
10.000 100
96-43
14,000
6,48811100
6.000
6,000
25,000
100
104-106
100
213.. Asotin Co. (Wash.) 8oh.
DlBt. No.
7
213.. Athol, Maes
262.. Attica, Ohio
103.. Azasa, Cal
312.. Bad Axe, Mich, (2
15*).. Barberton
4»fl
4
5
6
Is.)..
(OSch.Dla.
213.. BarneBvllle, Ga
213.. Benefontaine, O. (2 la.)
312.. BoBton, MaBB
104.. Brouhllne, MaBB...
213.. Cambridge, Minn
312.. Capac, Mich
262.. Ceotralla (111.) Sch, Dls.
48.. Champaign Co., O. (6
iBBues)
Dlst. No. 6
312.. Clark Co., Mo
214.. Cleveland, Ohio
263.. Clifton Springs (N. Y.)
High School
263.. Concord, N. H. (2 Is.)..
104.. CcokCo.Ill
158.. CooperavlUe. Mich
159.. Corning, N. Y
169.. CrooksvUle (Ohio) Sch.
Dlst
318-. Dayton, Ohio
313 . Deilance (O.) Bch. Dlst.
313.. Delaware Co., Ohio
813.. Delaware Co.. Ohio
104.. Dewltt (N. Y.) Union
Free Sch Dlst. No. 6
159. Dexter, Me
Donley
Co., Texas
263..
214.. DowneTwp. Sch. Die.,
Elmlra, N. Y
313.. Elmlra, N. Y. (2l8)....
104
313.. Emmett
5
1904 1928
1983
1915-1920
1904-1943
1923
4ifl
4
41^
3H
3^
6
5
4
19281932
'"1923"'
1904-1923
1913
1908-1927
f>
312.. Cheviot, Ohio
214.. Cincinnati, Ohio
312.. Cincinnati, Ohio
312.. Clnclonatl, Ohio
312.. Clarke Co. (Wash.) Sch.
N.J
while in July 1902 the disposals were 112,861,560.
For the eleven years 1892 to 1902 the average for
the only other
was that of the State of Massachusetts. That
commonwealth on July 3 sold $2,101,000 3^ per oent
bonds on private terms.
In tlie following table we give the prices which were
paid for July loans to the amount of $13,199,640,
issued by 180 municipalities.
The aggregate of sales
for which no price has been reported is $2,659,700, and
time.
The bondsplaced during July aggregate $15,859,240,
of which amount New York City contributed over 4|
The total for Jane was $17,673,619,
million dollars.
city,
that exceeded one million
dollars
4
Xas^ville, Tenn
Brllaln Conn
Oliver C ., No. Dak
Pima Co (Ariz) School....—
4
Pleasant Kidge, Ohio
Pony, Mont
6
4
Port of Portland, Ore
Renville Minn
5
S
S»liiia (Kan.) Sch
|^DW
I
li',000
lti,t00
Sch,.. .4J<
.
Meigs Co., Ohio
MiliburnTwp., N.
*i5,o00
76,000
4
4
Louisville, Ga
Luzerne Co. Pa
Mount
I
3,000
60.0
100,000
19 600
5,000
—
School
200,10(1
1-2,000
I
Arrwunt.
4^
Lancaster (Ohio) Sch
Leonla (N.J.) Sch
(-9.5)01)
4
Grand Island, Net)
Grand Kapidr, Mich
Int.
I
B.OOO
30.000
13-1,000
4
4
Aside from the sales by this
. .
(Idaho)
5
8»«
4
4
1928
tl928 1943
1904 1908
1913
4
4
1913-1933
1918
4
19041927
4^2
3^
4
1904'-1923
5
4
1908 1930
190^-1924
6
19041918
4
6
1908 1918
1908-1922
1904-1913
1904-1908
4
190.=5-1924
4.^
5
8J«
4
1923-1946
11913-1943
4
1901-1923
1901-1912
1904-1923
6
6
tl913-1923
1913 1922
4ifl
4
4,000 100
28.000 103-29
6,000 103-885
10,000 107
11,760 JlOO
40,000 tlOO-2&2
10,000
9231
24,000 100
1.000 IT 100
174,000 100
6,000 102-083
17.800 101-286
35.000 100
8,436 101-88
7,500 106
500.000 100
1,07911100
40,000 IT 100
14.000
50,000
50,000
100
100-80
101131
12,000 100
20,300 100
625,000 100-264
11,500 106-419
16,000 101-33
80,000 101-917
&6,0t0 100 075
15,000 102
56,000 100-H43
4.£00 102 976
20,000 100 29
48,000 100
10,000 100
10,000 100-30
4.5(0 10050
30,000 100- 125
Sch.
Dlst
1S9.. Exlra, Iowa
214.. Faribault, Minn
104.. FayettevUle (N. 0.)8ch.
DlBt
214.. Flndlay, Ohio
214.. Flndlay, Ohio
214.. Flndlay, Oaio
214.. Flint, Mich
313.. Fond dn Lac, Wis
818.. Fond da Lac, Wis
263.. Franklin Co., Ohio
268.. Franklin Co.. Ohio
214.. Freepoit, N. Y. (21e,)..
214.. Fulton Co., Ohio
263.. Galva, 111
159.. Geneva, Ohio
313.. Glen vine, Ohio
4
5
6
6
6
4
4
4
6
6
4
4i«
4i«
5
5
1923
1904-1918
1904-1918
1904-1913
ihoi'-wih
1904-1913
1904-1913
1904-1913
1B08 1919
1901-1911
1907-1913
190i-1913
1912
17,000
2,500
28,000
10,000
lO.COO
8,000
8,000
2.500
50.000
10,000
3,000
3,000
9,000
72,000
13,600
4,500
45,000
100
102-24
100
103 2&
108-50
104
103
100
100
100
108-23
102
100
100-583
100
101-25
10111
I
August
Page.
8,
THE OHRONIOLE.
1903.J
Name.
Sate.
189..GlouoeMer, Maos
105. Grand Raplde.Mloh...
4
214. Grand Rav»<l<«. Mloh...
313.. Great Falls, Mont
4
.
.
50..GreeneCo., Oblo
214.. Green
Twp
D.,0.
Sell.
159..HaiulltonOo., Ohio....
264. Hampton. Va
159. Hempstead (N.Y.)8oh.
3»«
Dl8t. No. 1....
(N. Y.) Boh.
Dlst.
169..Hni8boroOo.. N. H....
215.. Holland. Mloh
313. .Hope (Ida.) ?oh.DUt..
215.. Ho ward Co., Ind
80..Huil»on CO.,N J
313..Hui)tlnKbnr>r. Inrt
lGO..Hiiiitlngton.N. Y
105..JefferBonClty, Mo
313..Jone6boro (III.) School
DlBt. No. 43
106. .Junction City (Kan.)
Sob Diet
264. -Kansas
313..Kan8ai City, Kan
160..Kan8a8Cltv, Mo
160. Kennedy HeilRhte, O...
264. .King Co. (Wash.) 8ch.
Dlst. No. 18
264..Klrg Co. (Wash.) 8oh.
.
M
Dl«t. No.
4
1908-1923
6
.-
319
4»«
3-94
3
4
6
5
4
4
4
4
4>«
264..MarUopa Co.
Co.,
4»s
1923
4
tl9041913
4i«
45«
11904-1908
1905-1914
1 1908-1946
1909-1911
lPO^-1908
1904-1919
1904-1908
1904-1908
Dl8t.No. t9
160..Me(llnaCo.. Oblo
160..Mempals (Tenn
Dlst
21 5.. Mercer Co.. O. (8
5
1923
5
4
1904-1928
25,000 100
40,000 ti02
60,000 100-042
85,000
100
4
4
19151918
4,500
25,000
100
100
1928
4&6
1914-1923
265.. Oregon (lU.) Soh. Dist.
305. .Payette (Idaho) School
Diet
265.. Peabody, Mass
162..Pbillpsbnr«r. Mont
162.. Pleasant Ridge, Ohio..
162..Plea8ant Bldge, Ohio.,
815.. Portland, Ore
315..Portof Portland, Ore..
162.. Posey Co., Ind
162..Pabwana (S. Dak.) Sob.
DlBt
265. .Reading, Pa
265.. River Rouge (Mich.)
8ch. Dlst. No. 4
265..Roo61and, Me
265..R08well (N. Mex.) Sob.
(Minn.)
6
5
5
1933
1923
1905-1912
1904-1913
4
4i«
6
4ifl
3
4
4
Z^
1905-1923
1913-1923
1913
tl913-1923
1928
1904-1928
3
6
1952
1908-1928
11913-1923
1904-1933
tl923-1933
4
19041917
5
4
6
4
tl913-1923
1904-1933
3»«
ft
6
4
ft
19101914
1928
1923
6
4
4»i
75,000 104-497
33,500 100149
10,000 10J67
6,000 100
20,000
28,000
10360
30,000
104 60
3d, 000
102-25
20.000
102
100-482
800 100-687
10,000 101-50
10,000 101-05
16,000 100158
18,000 100
19,000 102-142
60,000 100
19,000 100
4,000 :ioi
100,000 ITIOO
1,308,179 100
3,500,000 102
12,600 104-40
5,000 100-50
15.000 100
18,095 101-25
14.000 100
15,000 100
150,000 102949
10,000 100
4,600 100-76
T,f00 105
75,000 104-50
85.C00
9306
49,995 101-82
100
60,000 102 633
4,r,00
5
4
19081928
4
3
1933
1918
6
tl9231933
96-73
42.000
27,600
100
10,000 1101-70
Soh.
5
1908
4
4
1912-1926
1923
1913
1923
1908-1918
100
8,000
(N. Y.)
Scb. Dlst. No. 2
Mo
315..8t. Lonls, Mich. (4
1s.).
Dak
5
.1
315..8anderavine.Ga
5
315..San Ulego. Cal. (2 1s.).. 4ia
316.. Santa Barbara, Cal.... 4i«
2 16.. Santa Barbara, Cal..., 419
21b'. -Santa Barbara, Cal....
4>«
10(>. .Schenectady, N.Y
4
106. .Sootlatd Neck, N. C... 6
1904-1943
1904-1943
1904-1948
1908-19^7
108.. Scotland Neck (N. C.)
Bch. Dlst
106 .Scran ton (Pa.) Poor
Dlst
6
1908 1917
265. Seattle, Wash
216. Sharon, Pa
4
3%
1904-1923
1923
tl913-1933
265.. Shelby Co.. Ohio
216.. Shenandoah (la.) Sch.
Diet
865.. Smith Monntaiii Soh.
100,000
100614
5
tl913-1923
1933
2.000
155.800
23.000
64,535
27,000
15,000
20,000
100-50
6
,
Dlst. xVo. 8
6
1904
4
1908-1923
15,ft00
4
4
""i933'""
19J3
17,000
60,000
48,000
5
1913-1924
1908 1913
1905-1909
13,000
5,000
36.000
11904-1923
11913-1923
7.^,000
5
5
4'a
4
4
218.. York (Pa.) Sob. Dlst...
3>«
Homers
1,340
5
218..Yellow(toneCo., Mont.
164..Yonker8, N. Y
105-30
101-51
105-26
102-14
106-66
1906
fl928-1933
1,200
100,000
50,000
60,000
100-447
100-103
102-63
102125
100-76
10518S
100
100-14
100
100-233
100-03
100
100
(N.
No. 3..
Y.) 8cb. Diet.
100
(O.)
268..Wyandot,Co Oblo
218..yakliu»Co,(WaBh )8ch.
A-
1933
1913
1933
1912
1928
4^9
.
218..Yorktown
7,600 101
70,000 100
1923
4
4
107..WakeCo..N.
107.. Washington Twp.
190S-1922
1904-1908
1904-1924
1904-1913
1904-1908
5
164.. Youngstown, Oblo
6
268. .Youngstown, Ohio
268. .Youngstown, Oblo
268. .Youngstown, Ohio
6
6
5
7,500
6,000
22,000
3,600
109-26
102-40
108-18
102-94
476
10291
Total (180 munioip&Utles, covering 238
separate Issues)
$13,199,540
Aggregate of sales for which no price has
been reported (22 munioipalitles, cover**2,659,700
ing 24 separate issues)
100
1904-1923
6
DiBt.Oal
100032
100487
1905-1922
1904-1923
8.
100
104 848
100
102
101
100-498
5,000
16,500
1,800
50,000
2.010
8,025
81,000
11,287
4
6
6
163. Salem,
100
15.000
14.000 100
64,000 100-89
4,500 102-25
413
2X6. .8t Joseph,
10090
1904-1913
264..MonroeCo..Iowa
314..01ean, N. Y
216. .Onaway. Mich
Ga
267. .Wood Lake, Minn.
4'«
1905 1914
1912-1915
265..NanoeCo..Neb
314. .Nashville, Tenn
161. .New Richmond, Ohio..
216. Newton, Mass
314..New York aty (1218.).
2ie..New York City (2 18)..
216 .North Belle Vernon, Pa
216 -Odespa, MlPh
164..Hnmmertllle.
316. .Trenton, N. J
316 Trenton, N. J
317. Urbana, Ohio
101-50
103-90
101-SO
6
4
5
III
30.000
2,400 125-21
100,000 100
4
4
215.. Monrovia (Cal.) School
Dlst
105. .Montgomery, Ala
315.-Mor!;antown (W. Va.)
8oh. Dlst
160..Monnd Crossing (Ohio)
8c h Dlst
265. .Mr. Clemens. Mich
266..Mt. Pieaeant, N. Y
265--MI. Pleacant, Pa
161. .Mt Pleasant, Utah....
314..Mt.Vernon(Ind.)8ch.D.
(Wash.)
Bch. Dlst. No. 102
164..Wlnton Place. O. (21a.)
108..Woodbrldge (N. J.)Soh.
189,712
1,500
30,000
Co.
100
1923
1909-1913
215..Miners Falls, Mass
160. Mlnto (N. D) Sob. Dlst.
264 .Moline (111.) Soh. Dist.
No. 40
.
Omaha
Dlst
10,000
3
4ifl
Is.)...
265. .So.
1005B
10102
Soh.
)
1904-1918
tl908-1923
Priet.
101-65
(Neb.) Sch.
Sob DlBt
267..WellBtOB, Oblo
164. West Maiiobesfer. O...
164. .White Plains, N. Y
Dlst.,
Ohio
Di.st
265.. St. Johnsvile
102 497
101-629
6,400
6
Mecca Twp. Soh.
Diet
216..RottaBay
101-46
School
(111)
19051919
Amount.
$157,600
.
4
4
264..Mary»vli:e,Cal
105..Ma«8lllon, Ohio
315..
(
211.0001U00
I40,t00 100
5
7
Minn...
160.. Martinsville (Ind )Soh.
Dlst
264..Mayvrooa
100
(100
102 50
1100875
100
(Ariz)
8ch. Dlst. No. 33
160 .MarPba'l
tl908-1923
7
4
DlBt
4
Dlst
100
10,000
Maturity.
107..8outbampton (N. Y.)
4
Sob. Din. No. 2
315..8ouib Oinaba. Neb
6
266. .Spokane
tl913-1923
1923
1904 1908
1904-1913
1904 1909
1923
4
4
160..Manllu8. N. Y
264..Mar8aeld, Ohio
t'agt.
Rate.
Same.
163..Somervllle,MaBB. (21a.) 4
216..8omervllle(N. J.) Sob.
Dlst
5
5
364
Price.
$55,000 100-26
80,000 100
90,000 100954
141,000 100
60.000 100-959
8.000 100-303
360,000 100-52
25,000 100
16,600
65,000
40.000
3,000
8,600
37,000
10,000
3,100
10.000
4>«
105..LlcklngUo.. Ohio
314..LWbi>n, Ohio
314..Lockport. N. Y
160.. Lucas Co Ohio
8ch. Di»t. No. 18.
MadlsonvlUe (Ky.)Soh.
1948
,„„. ,n«o
19041808
3i«
4
160. Lucas Co., Ohio
215..MoLeod Co. (Minn.)
tl933-1953
Amount.
266..8i)rlngfleld,
6
,
1923
4
.Knox Co.. Ind
264. .Lampasas Co .Tex
60.
19041913
19041906
tl9l31923
.
261..HlKbland
Maturity.
311
101
101-26
101-458
100
105
100
7,000
490,000
12,000
10,000
15.000
42,000
40,000
20,000
14,000
180,000
10,000
100062
100025
100-035
104-114
^
4
6
4Ja
6
103-75
5,C00*
200,000 100-57
590,000 100
80,000 100
35,50a 10014
tl908-1913
8.000
100-25
1905-1913
2,500
103
Total bond sales for July 1903
{$15,859,240
Average of dates of maturity, t Subject to call in and after the
earlier year and mature in the later year. 4 Not including $10,265,796
of temporary loans reported and which do not belong in the list;
also does not Include Canadian loans, nor does it Include $4,000,000
general fund bonds of New York City for reasons elsewhere explained.
fund as an Investment. tAnd other oonslderaIT Taken by sinking
tlona. ** Includes $3,101,000 Massachusetts bonds sold at private sale.
'
In addition to the above bonds of mnnioipal corwe have recorded daring the month of Jaly
porations,
the following sales
by
mnnicipalities
outside
the
United States.
Bonds Sold bt Canadian Municipalitibs.
Page.
Name.
158..Colllnwood, Ont
264.. Kings vine, Ont
Sate,
Maturity.
4ia
Amount.
86.000
10,000
4
Price-
102055
94-60
$46,000
Total
REVISED TOTALS FOR PREVIOUS MONTHS.
The following item Included in our total for a
previous month should be eliminated from the same,
as the sale has not been carried to completion.
We
give the page number of the issue of our paper in
which the reason for the failure to consummate the
sale may be found.
Page.
Name of Municipality
Amount.
,
313. .Defiance (Ohio) School District (May
$15,000
list)
We
sales
have also learned of the following additional
for the month of June.
ADDrnONAL JUNB BOND SALES.
Page.
Name.
Bate.
262.. Aflhton. Ill
5
158.. Butler Co., Ala
5
158.. Caledonia. Minn
6
263., Farley, Minn
6
263.. Franklin Co., Ky
4ifl
263.. Grantsburg, Wis
5
160.. Lewiston, Idaho
5
216.. Pocahontas Co., Iowa.. 6
216.. St. Lonls Oo. (Minn.)
Bch Dist, No. 22
164..
Whitman
Co.
Maticrity.
1904-1907
1904-1915
"'ig'ii'"
1923
1913&1918
tl9l3-1923
1904-1908
5
Amouut.
Price,
$6,700
36,000
8,000
10,000
100,000
8,000
35,000
3,800
100
100-486
100
100
60,000
100-838
10,000
100
50,000
10010
105-13
102-212
101-50
100
(Wash,)
Sob. Dlst. No. 1
4
164. Wichita (Kan.) School
Dist
413
1923
Total additional sales for June
These additional
$327,500
issues will
make
the total sales
(uot Includicg the temporary loans) for
June 1903
$17,673,619.
News
Items.
Colambns, Gta.— Order of the Court.— The United States
Circuit Court in Georgia on July 29 filed a bill directing the
defendants in the case of the Columbus (Ga.) Water Works
Co, vs, the city of Columbus to show cause at the court room
in Atlanta on September 28 why an injunction should not be
granted to prevent the lesuance by the city of $250,000 4^
water bonds.
This bill, we are advised, operates aa an injunction until the date named, 8f pt. 28. See V. 77, p. 262.
Passaic Valley Sewerage District, N, J.— Writ of Certiorari Granted.— Chief Justice Uummere on July 81 granted
a writ of certiorari to review the action of the Coirmigsioii
——
:
— —
—
THE CHRONICLE.
312
in passing a resolntion to issue $1,000,000 bonds for sewerage
purposes. The vyrit directs that the Commiesioners send to
the Court before Aug. 19 all proceedings taken regarding the
ifisnacce of these bonds and it is expected that the case will
be argued in the November term of the Supreme Court. The
above action of course prevents the sale of these bonds for
the time being. See Chronicle July 18 and July 11, 1903.
Bond
1,
1693,
and maturing Nov.
1,
1913.
These bonds
—
83. 86, 88, 95, 9ft. 97, 106, 111,
139, 143, 144, 147, 149, 150, 153,
178, 184, 185, 188, 203, 207, 208,
231, 241,242, 243, 244, 245, 247,
284, 287, 288, 291, 293, 294, 295,
818, 314. 815, 817, 331 and 325.
—
Washli'gton.— Sfa<« Bonis Canceled. The State Treasurer on J a iv 28 canceled the last remaining bonds of the
State of Washington held by outside parties. The only
bonded indebtedness of the State at present is $1,340,000 dl4i
Bchoolfnnd bonds, all of which are held in the State Permanent School Fund.
Bond Proposals and Negotiations this
week have been as follows
Ada County (Ida.) School District No. 6.—Bond SaZe.—
On Aug. 1 an issue of $1,000 6;^ 10-20-year (optional) im:
provement bonds was awarded to the State Board of Land
Commii'sioners at par. Denomination, $500. Date, Aug. 1,
1903.
[Vol.
come up
Interest, semi-annual.
at the meetina: of the
Commis-
It is
10.
Bunham School District, Fannin Coanty, Texas.-Bonds
Not Sold.— The $33,000 school bonds recently approved by
the Attorney-General have not as yet been placed. These
bonds carry 4t% interest, payable annually in Bon ham. DeMaturity, 40 years, subject to call after
Boston, Mass.— Bond Sa2e.—This city has sold at par to
Income" $l,000 S%% bonds for
Date, July 16, 1903. Maturity,
the " Eastburn School Fund
various municipal purposes.
June
1, 1933.
Caldwell Coanty (P. 0. Lockhart), Texas.—Bonds Not
Yet Authorized.— We are advised that the matter of issuing
the $100,000 road bonds referred to in the Chronicle June
13 is still before the Commissioners' Court, and will probably be settled at the August term of the Court. The opinion
seems to prevail, however, that there will be no issue of
bonds in the near future, as two of the County Commissioners, as well as the County Judge, are said to be against the
measure.
Canton, Ohio. Bonds Authorized.— The City Council on
July 14 passed an ordinance providing for the issuance
of $5,000 4^ 25 year refunding bonds.
Denomination, $1,000.
Date, Sept. 1, 1903. Interest semi-annually at office of City
Treasurer.
Capae,
Mich.—Bond Sale.—The
$17,500 5< water bonds of
this village have been taken by the State Savings Bank Co.
of Toledo at 101-286. Denomination, 600. Date, Aug. 1, 1908.
Interest, semi-annual.
Maturity, $500 yearly on August 1
from 1908 to 1926, inclusive, and $8,000 on Aug 1. 1937.
Bonds to be ReadverCarthage (Mo.) School District
—We
are advised that the |75,000 5 20 year (oplional)
building bonds, bids for which were received and rejected on
July 16, will probably be re-advertised at a later date.
Celiutf, Ohio.— Bond Saie.— On Aug. 4 the three Issues of
5* 1-15 year (serial) street-improvement bonds, asgregating
$21,000. described in V. 77, p. 262, were awarded to W. J.
Hayes
Sons, Cleveland, at 102'31 and interest. Following are the bids:
tistd.
&
W.J. Hayes & Sons, Cleve... .981.485 00 P, S. BriRfta &'Co.,Clnoliiiiatl.921,211 00
Lamprecbt Brog.Co..Cleve.. 21.317 00 Spltter ft Co.. Toledo
21.017 00
Weil. Roth & Co..Clncin
21.300 00
I
|
District No. 22.— Bond Sale.
—On July 18 $1,000 5% 5 10-year (optional) bonds, dated
Aug. 1, 1903, were awarded to the State of Washington.
DeDomination. $500. Interest, semi-annual.
Albaay, N. Y.—Bond Sale.— la accordance with his previously announced intention, the City Comptroller on August
3 purchased at par for the sinkicg fund the $50,000 S%%
1-20 year (serial) refunding water bonds described in V. 77,
—
Allt'gan, Mich. Bond Sale. This village, according to
the Detroit " Tribune," has sold an issue of $14,000 4^ im-
provement bonds for $13,500.
Aima, Waubaunsee Coanty, Kan.
Bids Rejected.— The
bids received July 24 for the $36,0U0 5% coupon refunding
bonds described in V. 77, p. 158, were rejected.
Ames (Iowa) School District.— Bonda Toted.— This district has voted to issue $12,500 school-house bonds.
Arcaia School District, Hambuldt Connty, Cal. Bond
Saie.-Oa July 21 an issue of $6,000 d% 1-12 year (serial)
high-school bonds was awarded to the Bank of Eureka, at
a price said to be 104 106. Denomination, $500.
Ashland, Ohio.— iJoTids Foted.— This city on July 28 voted
to ISfUd bonds to complete the city hall.
Astoria School District No. 1, Clatsop Coanty, Ore.—
Bond Sale.—The State Land Board has ttiken the $35,000 5%
20-year refunding bonds referred to in the Chronicle June
Date of bonds, Aue:. 1. 1903. Interest, semi-annual.
27.
Angubti, Me. Details of Bonds Not Yet Determined. We
are advised that the details of the bonds to be issued for the
purchase of tbe plant of the Maine Water Co. will not be determined before Jan. 1, 1904. The purchase of this plant was
authorized at an election held June 22, the result of which
was recorded in tbe Chronicle July 4,
Bad Axe, Haron Couuty, Mich. Bond Sale, On July 30
the $5,6'jO 5X building aod the $6,150 5^ electric-light bonds
described in V. 77, p. 153, were awarded to Frank W. Hubbard at par, accrued interest and blank bonds. Following
are the bids
$11,760 00 P, L. Fuller 4 Co., Cleveland.ll 1,860 00
Frank W. Habbard
State Sav. B'k Co.. Toleao.
11.8;* 00
J)«iiison. friur A Co.. CleTe12,0^300 W. J.Uajes & Sons, Cieve... 11.180 00
land aad Boston
Baraboo, Wis.— BoTids Proposed.-An ordinance is pending in the City Council providing for the issuance of $85,000
water- works bonds. Action on tnls measure, we are advised,
has bef-n deferred until the next regular meeting, August 18.
Belt'D, Texas.- -Bonds Fb'cd.— The election held July 30
resulted in favor of issuing $7,000 i% 10-40-year (optional)
high-school- building bonds, the vote being 185 for to 23
—
—
.XXVII.
quite likely, we are informed, that the State ot Texas will put in a bid for the
entire amount. See V. 77, p. 48.
Court on August
sioners'
Ada Coanty (Idaho) School
p. 213.
r
10 years.
are subject to call Nov. 1, 1903.
MaltnomahConnty, Ore. Worra7itCaW.— John M. Lewis,
County Treasurer, has called for payment county warrants
Class "86" drawn upon the general fund that were presented
and indorsed "Not paid for want of funds" up to and including Got. 10, 1902.
Orleans Levee District, Li.— Bond Call.— The Levee
Board has drawn for redemption the following bonds of
$l,enOeach: Nos. 1, 8, 6, 9, 23, 24, 82, 34. 37, 38, 45. 46, 49, 50,
58. 58, 60, 61, 65. 67, 69, 74, 79,
116, 118. 122, 126, 128, 184, 135,
154, 165, 163, 165, 167, 172, 177,
al6, 219, 221, 223, 234, 228, 230,
252, 255, 260, 261, 264, 277, 279,
298, 299, 300. 804, 805, 8U9, 313,
offering for sale will
nomination, $1,000.
Calls and Redemptions.
Dallas, Tex.— Bond Call.— City Auditor J, R. Reese calls
for payment Nov. 1 1 100,000 6% general-improvement bonds,
dated Nov.
—
—
:
Ceylon,
August
Minn.— Bonds Not
Sold.
—No
bids were received
for the $3,907 5% 10- year water- works bonds described in V. 77, p. 213. The interest rate, we are advised,
will now be increased and the bonds re-advertised.
Cheswiek School District, Allegheny Coauty, Pa.— Bond
Oyering.— Proposals will be received until August 15 for the
15-30-year (optional) school-house bonds recently
$14,500
voted. Denomination, $500. Date, Sept. 1, 1903. Interest
payable at the Mortgage Banking Co. of Pittsburgh,
Cheviot, Ohio.— Bond Sale.—Oa July 11 the $7,500 5% turnpike bonds described in V. 77, p. 48, were awarded to the
Cosmopolitan Banking
Savings Co., Cincinnati, at 106.
Chicago (ill ), South Park.- Bonds Not Sold.—Tha South
Park Commissioners, it is stated, failed to sell the $500,000
4i% park boads offered on July 29.
Cincinnati, Ohio.— Bond Sale.—Oa August 3 the $500,000
d}4^ Cincinnati Southern terminal bonds were awarded to
1
a
&
the Third National Bank, the German National Bank and
the Lafayette National Bank, all of Cincinnati, at their j Dint
bid of 100-103 and interest. This was the only bid received.
Bond <S^a^e.— The Sinking Fund Commissioners have purchased at par the following bonds : $1,079 90 i% 1-5 year
(serial)
street-improvement bonds, dated
May
20, 1903, and
1, 1903,
June
Clark Coanty, Mo. -Bond ^iale.—Oa July 1 an
$40,000 i% 10-year city-hallrepair bonds, dated
issue of
i}4i 10-30-year (optional) refunding bonds was
awarded to W. C. Little & Bros, of St. Louis at 100 80.
Bonds are dated Aug. 8, 1903.
Clarke Coauty (Wash.) School District No. 6.— BoTid
Sate.— Oa July 28 $14,000 bonds of this district were awarded
to the State of Washington as 4 per cents. Following are
the bids
$50,000
WashiDKion (48)
W. P. Anderson (4Jl8)
M. Elliowood (As)
state of
J.
C.
Par
Par
$14,101
14.058
Royal Trust Co. (Ss)
Milton Evans (liJ.OuO 68)
S.A.Kean
(Ob)
.$14,025
14.000
14.084
W. D. Perkins & Co. (6s)
CIark8Ville, Ya.—Bond O/Ter ing.— Proposals will oe received until September 1 by the Clerk of the Town Council
for $10,000 Qi 80 year gold coupon bonds. Denomination,
$600. James P. Taylor is Mayor.
Clear Lake, So. Dak.— Bonds Not S'ild.-We are advised
that the $y,000 4ti 10-30-year (optional) water- works bonds
offered on July 6 have not yet been sold.
tlereland, Ohio.- Bond .£J/ection.— According to local
papers, an election will be held S:?pt. 8 to vote on the queslion of isBuiag $100,000 street-opening and widening bonds,
$200,000 bridge bonds, $400,000 electric-light bonds and
$800,000 bridge bonds.
agaiot't.
Cleveland (Okla.) School District.- Bond 0#«rtnflf,— Proare advised that the posals will be received until Augu-tt 10 by J. M. S van. DisBethlehem, N. H.— BoTid Sate.—
$49,500 i% 10 20 year (optional) bond is^ue authorized on July trict Clerk, for $4,000 6% 15-year bonds. Present bonded
18 for the purchase of the plant of the Crystal Springs Water debt, $1,595; sinkiag fund, $1,370. Assessed valuation, $114,Co. were sold on July 20 to Jose, Parker & Co., Boston. Da- 906, about 40^ actual value.
Commerce (Tex ) School District.— Bonds Fofed.—This
nominations, $500 and $1,000. Date, Sept. 1. 1903. Interest,
district has voted to issaH $3,000 sohDol bonds.
Bemi-annual.
Connersvllle, lai.-Bond Sate.— Oa Aug. 3 the $12,000
Btixar i oaaty (P. 0. San Antonio), Textm.—Date of Bond
Avard. We are advised that tbe disp jsitioi of the $500,000 3l4i high-school-boildini? bonds were awarded to J. F. Wild
Co., Indianapolis, at 98'373. Date of bonds, Aug. 15, 1908.
lO-40-year (optional) gold road bonds which this county is
. .
We
—
&
|
——
August
:
—
—
——
THE CHRONICLE.
S, 1903.]
Interest, semt annnal. Maturity, $1,000 Dec. 1, 1904, $3,000
on Dec. 1 of the years 1905, 1909 and 1910 and $8,000 Deo. 1,
1911.
313
Forest, Miss.— Bonds Voted.— This place on July 28 voted
to issue $4,000 water-works bonds.
Fort Beuton, MLout.— Sond O^erinfli—This city will sell at
Cook County, III.— BoM^ Subscription*. —We are advised public auction at 11 a. M August 20, at the office of L. D.
that up to August 4 public subscriptions were made for Sharp, City Clerk, $12,5U0 5i coupon refunding bonds. De.
533,500 of the $500,000 S^^t building bonds, the price in each
inatance btin? pir. As stated in last weed's Chronicle the
time for rrceivine; subscriptions has been extended to Sept. 8.
Cotionwood Sehuol District, Siskijoo County, Cal.—
Bond Election.— An election will be held August 13 to vote
on the issuance of |3,000 6< 1-10-year (serial) bonds.
Caere, Tt-xas. Bonds Not Sold. — No satisfactory bids were
5-40-year (optional) city- hall
received July 1 for the |9,O0O
and market house bonds and the $3,000 4^ 6-40 year (optional) pchool-building bonds.
Cnnibj ludependout School District, Hopkins Conuty,
Tez.&».—Bond offering —Propo8a,\a will be received at any
time for $7,000 5% 15-30- year (optional) school-house bonds.
bid of par, we are advised, has already been received for
these bonds from Hopkins County.
inyuhoga County, Ohio.— Bid* Rejected. The County
Commissioners rejected all bids received July 25 for $i8,000
5)t North Woodland road improvement notes of $1,000 each.
Maturity, olc note each six months.
Dallam Ooauty, Texas.— Bonds i2«fifiafered.— The State
Comp; roller on July 27 registered an issue of $15,000 i%
5-2(f-year (optional) court-house Iwnds dated June 10, 1903.
H
A
—
—
nomination, $500. Date, Sept. 1, 1903. Interest semi-annaally at the office of the City Treasurer or at some bank in
New York City. Maturity, Sept. 1, 1933; subject to call
after Sept. 1, 19 13. Certifi-jd national bank check for $500,
payable to the City Treasurer, required.
Fostoria, Ohio. Bonds Authorized, An ordinance parsed
the City Council July 21 authorizing the issuance of $9,807
20-year refunding bonds, dated Sept. 1, 1908. Interest,
semi annual.
FouotalD Connty, Ind.— Bond Sale.— On August 1 the
$10,900 &% levee bonds described in V. 77, p. 214. w^^re awarded at an average price of 107 "15, the successful bidders being
as follows
—
a
:
.r I..
T nrn.^.,
A«*i.,„
Wilson, Attica
M.
j
i
^,._ „ .,
At,.„„
!,„„,, Attica
„, Dault.
City National
5
12 bonds 1510 eaoh
$0,43600
2boii08 260 each
f bO'itls 61 each
4 bonds lOo each
4,'<8000
liiSOO
\
5a825
Frankfort and <^ermao Flatts (N. Y.) School District No.
l.— Borui Sale.— Oa August 1 ihe.|2,4(J0 4>^4 bonds described
in V. 77, p. 214, were awarded to the Comptroller ot the
State of New York *t 101 "50. Following are the bids :
state Comptroller, Albany.... $2,486 00
|
B.
A. Kean, Chlcano
$2.414 4U
Fremout (Ohiu) School District.— Bond Sale,— Oo August
Doytou, Ohio. Bonds Authorized. The City Council on 3 the $4,000 Q% bonds mentioned in V. 77, p. 263, were
July 27 passtd an ordinance authorizing the issuance of awarded to the Fremont Savings Bank at 100 375. Follow$86 GOO 4$ water supply bonds. Authority, Sections 2835
ing are the bids
Denomination, Fremont Savlnes Bank
283(} and 2837, Revised Statutes of Ohio.
$4,015 001 P. 8. Brleei &Co.. ClncUi_....((.00O0O
Date. Sept. 15, I9ii3. Interest semi-annnally in New Lamprecht Bros. Co., Cleve.. 4,ul8 Oo
$1,000
York City. Maturity, $5,000 yearly on Sept. 15 from 1908 to
blleuTlile, Ohio.- Bond ^'a^e.— On July 27 the $45,000
Under the law 9-year street-improvement bonds described in V. 77, p. 49,
1918. inclusive, and $6,000 on Sept. 1, 1914.
the bonds must first be offered at par to the Trustee s of the were awarded to W. J. Hayee & Sons, Cleveland, at lOl'll.
Sinking Fund and, if refused by ttiem, they are to be adverGraud Marais, Cook Coauty, SILinn.- Description of
tised for cale.
Bonds Offered.— We are advised that the $15, UOO road and
Bond Sale.— Oa Julv 80 the $56,000 4* etreet-apseesment bridge bonds, bids for which will be received until 10 A. M.,
bonds described in V. 77, p. 104, were awaided to ihe Aug. 17, by Clans C. Monker, Town Clerk, will carry interDa>ton StiviDgs & Trust Co. at lO )'075.
Date of bonds. Sept, 1, 1903. Deest at not exceeding Q%.
Defltnce (v.hlw) School District.— Bonds Reawarded.
nomination, $500. Interest, semi-annual. Ma'urity, Sept.
We are advised that the $15,000 43^;? building bonds awarded 1, 19<!8. Bonded debt, including this Isbue, $22,000; assessed
on May 14 to MacDonald, McCoy & Co. of Chicago have been valuation 1903, $184,631.
refused by that firm and the bonds siuce reawarded to the
Great Falls, Mout— Bond SaZe.- On July 27 the $141,000
New Firbt National Bank of Columbus at 103. For descrip- 4% 10-20-year (optional) refunding bonds described in V. 77,
tion of bonds see V. 76, p. 1047.
p. 105, were awarded to the Board of State Ltind CommisDelawt>re onnty(P.O. Delaware),Ohlo.— Bond SaZe.— On sioners at par and accrued Interest.
July 31 the $56,000 5% road bonds were awarded to Denison,
Hastings School District, Aditms County, fieh.— Bonds
Prior & Co. of Cleveland and Boston at 100'643 and the Not Sold.-Tne $40,00i) i}4% 10-20 year (optional) high-school$4,200 b% ditch bonds were taken by D. Bevan of Delaware buildiog bonds offered oa July 25 were not sold. For deat 102*9^ 6. Accrued interest is to be paid by purchasers. scription of bonds, see V. 77, p. 215.
For description of bonds see V. 77, p. 214.
ilendersonvllle, N. C.—Bond Offering.— PropoB&lB will be
Dickson, If nn.—Bonds iVo< Yet Sold— The $30,000 5sf 30- received until 13 M., August 24, by the City Council for
year ^ater and light bonds voted at the election held June $6,000 SO- year school- building bonds at not exceeding disin30 have not yet been disposed of, but we are advised they terest. Denomination to suit purchaser. Interest, semiprobably will be sold in the near future.
annual. B. Jackson is City Clerk.
Dabuls ioanty (P. 0. Jasper), lad,—Bond Sale.— On
flocking Cooiity, Ohio.— Bond Sale.— On August 1 the
August 8 the $54,000 43^2 road bonds described in Y. 650,000 i}^i turnpike bondfi described in V. 77, p. 215, were
awarded to Seasongood & Mayer, Cincinnati, at 100*062 and
77, p. 263, were awarded to Hugo C. Rothert at 101*018. Following are the bids
interest.
Following are the bids
$54,650 00 |J. F. WUd & Co.. Indian'lis... $54,160 00
HuKO C. Rothert
Seasoneood & Mayer, Cln.... $50,031 00 W. J. Hayea& Sons. Cleve.... $S0.026 OO
Duiaut, lud. Ter.— iionds Pored.— This place on July 25
Hope Mills (N, C) Graded School District.- Bond GJ^ervoted to issue $100,000 water works, sewer and elecric- light
infli.— Tnis district is offering for sale $7,0iJ0 5% 20 year schoolbonds.
building bonds. Interest, January 1 and July 1. Tnis is the
East Hartford, Conn.— Loan Authorized. At a special
first issue of bonds put out by this district.
Assessed valuatown meeting held August 6 a resolution was passed authortion, over $4Q0,000; real value, about $1,000,000.
izing a loan of $12,000, to mature not later than June 1, 1905,
Hope School District No. 13, Kootenai Connty, Idaho.
to build a bridge over the Hoekanum River.
Sond
Sa/e.— On July 20 this district sold an issue ot $3,000
Elllsville, Miss. Bond Election Pripoaed.
At a mass
6i bonds to the State Land Board at par. Dbnomination,
meeting of citizens on July 29 a resolution was adopted re
questing the City Council to order an election to vote on the $300. Interest, annual. Maturity, $300 yearly, begiuning^
dept. 1, 1904.
qneetloD of issuing $20,C00 water bonds.
Uonstoa, Tex. Bonds Authorized. A resolution has
Elmira, S. Y,—Bond Sale.-Oa July 27 the $20,000 i% 1-20passed the City Council providing for the issuance of the
year (serial) refunding and the $10,000 i% 1-10-year (serial)
refunding bonds described in V. 77, p. 215, were awarded to $100,000 5;^ fire station, street and other improvement oonds
mentioned in the Chronicle Aug. 1. Denomination, $1,000.
the Cbtmnng Canal Trust Co. at 100'125 and interest.
Emmeit School Dittrict, Canyon Connty, Idaho.— Bond Interest, semi-annually in New York City, Maturity, 40
5a/e.— This district has sold an issue of |;17,000 5^ 10-20 year years.
HantlDgbnrg, Ind.— Bond Sate. —This city has sold $10,000
(optional) school-house bonds to the State Land Board at
4« refunding oonds at 101'629, $6 000 being takou by the
par. Denomination, $500.
Date, July 1, 1903.
Interest,
Hontingburg Bank and $4,(i00 by Louis Katterbenry. Desemi-annual.
nomination, $100. Date, Ang. 1, 19(»3. Interest, June 1 and
Euterprise, Minn.— Bonds Not Sold.— The $3,000 5% bonds
December 1. Maturity, June 1, 1913; subject to call $300
of this town offered on July 27 were not sold.
every six months, begioning June 1, 1904.
Falmontb, SLdBB.- Bonds Nut 6'oid—The $46,000 3»^^ water
Ingham Coaaty, Mich. Bonds Defeated.— This connty on
bonds which were offered without success on June 17 have
July 20 vuted against the issuance of $36,000 additional
not ytt been sold. See V. 76, p. 1315.
court house bonds.
Flndlay, Oh'O.— Bond Q^ering.— Proposals will be re
Jouesburo (III J School District No. 43.— Bond 5'ate.— On
ceivtd until la m., Aug. 17, by William Demland, City Auditor, for $9,500 5* refunding bonds.
Denomination. $500. July 27 the $10,UOO i}4% 6 20-year (optional) schooi-house
Date, July 1, 1903. Interest semi annaally at the Fourth bonds described in V. 77, p. 160, were awarded to the Royal
National Bank of New York City. Maturity, $500 each six Trust Co. at par.
Kansas City, Kan,— Bond Sale.— The Kansas City "Star"
months from Oct. 1, 1904, to Oct. 1. Iyi3, Inclusive. CertiJuly 28 contained the following
fied check on a Findlay bank for $510 required.
This offer- on
Arrangements bave been made by Mayor Gilbert in Kansas City, Kan., to
ing was published on page 214 of the Chronicle July 25. but
.
|
H
—
'
:
:
|
—
—
—
:
the amount of bonds was inadvertently given as $8,5U0
instead ot $9,600.
Fond da Lac, Wig.— Description of Bonds.—
are advised that the 150,000 street-improvement bonds and the
flO.OOO library bonds which have been disposed of to local
parties were taken at oar. DenomlDatlon, $500.
Ddte, May
Interest, senil annual.
20, lfe03.
Maturity, $3,500 street and
$1,000 library bonds yearly.
We
dispose ot tbe refaudlni; bonjs aailiorlze<i by tbe extra session of me Kansas
Legislature to ine dfferenc banks ot that city. Tbere will be |I4u.0
In
bOLds isHued at once, lu bear ii4% interest, tbis moner lo be used in paying ofi
indebiednew one August l. Toe tiouns were dispofCd ol us follows
Tne Commercial National Bank, Alerchants' Bank and Wyandotte State
Bank vllleacb take ^5% of tbe bonds; tbe Armonrdale Banltof Commerce, US;
Citizens' Slate Savings Bank, 1% ; Kansas State Bank, 4%. and the Home State
:
Bans, 3%,
Kenmore, N. Y.—Bond O^erinflf.— Proposals will be received until to-day ( Aug. 8) by Charles V. Basch, Village
Treasurer, for $4,000 town and fire-hall bonds at not exceed-
:
THB CHBONICLB.
314
ing
H
Angnst
interest.
Maturity, 20 iyears.
Bids will be opened
10.
Kennedy Height?, Ohio.— Bond O^ertng.— Proposals will
be received until 12 m., September 4, by H. H. Grant, Village Clerk, at the cflBce of O W. Bennett, Village Attorney,
No. 18 Allen Building, Fifth and Main streets, Cincinnati,
for the |l 1,000 5i water bonds voted at the election held
June 25. Denomination, |500. Date, Aug, 15, 1903. Interest,
semi-annual. Maturity, 20 years. Authority, Sections 2835,
3838 and 2837, Kevised Statutes of Ohio. Accrued interest
to be paid by purchaser. Certified check for 5% of amount
of bid required.
Kieeter, Faribanlt Connty, Minn.— Bond O/fertng.— Proposals will be received until August 17 by C. W. Teubner,
Village Recorder, for $6,000 6% 20 year water-works bonds.
Denomination, fl.OOO. Interest semi-annually at the Continental National Bank, Chicago. These bonds were offered
but not sold on May 18.
Kinston, N. C.—Bond Q^erinflr. —Proposals will be received
until 12 M., Septmber 1, by N. J. Rouse, Mayor, for $100 000
4$ 30-year bonds. Securities are issued for the following
purposes: Water works and sewerage systems, fire alarm
system. Improvements on electric-light system, streets and
public buildings.
L&kewuud, Ohio.— Bonds Authorized.— Oa July 27 the Village Council paased an ordinanoe authorizing the issuance of
$35,000 5i lO-year coupon bonds voted at election held July
23. 1908. for the purpose of construction of sewers and
sewage-disposal works. Denomination, $1,000. Date, Oct. 1,
Interest, April 1 and October 1 at the Cleveland Trust
1903.
Co., Cleveland, Onio. These bonds must first be offered at
gar and accrued interest to the trustees of the sinking fund,
[enry J. Sensel is Village Clerk.
Lancaster, Ohio.— Bond Ojfermgf.— Proposals will be received until 12 M., September 14, by H. T. Mechling, City
Auditor, for a $1.5
b% fire department bond. Authority,
Sections 2835, 2836 and 2837, Revised Statutes of Ohio.
Date, Sept. 1, 1903. Interest, semi annual. Maturity, Sept.
Accrued interest to be paid by purchaser. Certified
1, 1906.
check for |.50, payable to the City Treasurer, required.
LisboB, Ohio.-jyond Sale.-Oa July 80 the $2,000 5% 2-5year (serial) water- works bonds described in V. 77, p. 105,
were awarded to Robert Binsley, Millport, at 101. Following are the bids
Rebert BInsIer, Millport
$2,080 00
|
Firestone Broi.. Lisbon
12,011 50
Sale.—TtiiB city on July 21 awarded
Lockport, N.
an issue of $"^,025 4% 1-5-year (serial) school bonds, dated
July 15, 1903, to S. C. Lewis of Lockport at 1O0-498.
Beilefontuine), Ohio.— Bond* Not
Logan Connty (P.
Sold.
Vfe are advisnd that the §28,000 4% pike and the |20,OCO 4$ ditch bonds offered on August 8 were not sold. Bonds
are described in V. 77, p. 215.
Lorain, Ohio —Bond Election Proposed,— The Board of
Public Service recommends that a special election be held to
vote on the question of issuing $100,000 water-main bonds.
Luzerne County, Pa.— Bonds Not Sold.—The $612,000 S}4%
court house bonds offered on Julv 29 were not sold.
Ljnchbarg, Va.— Bond* Not Yet Authorized by Council.—
are advised that the City Council has taken no action as
yet looking towards the issuance of the $700,000 gravitywater-supply bonds voted at the election held June 25,
Lyon Couuty (Minn.) School District No. 20.— Bond Sale.
Y.—Bond
—
We
—On
August 3 an issue of $6,000 5^ refunding boniis was
Co., Minneapolis, at 100 416 and
sold to Stoddard, Nye
blank bonds. Druomination, $1,000. Date, July 1, 1903.
Maturity, July 1, 1918.
Interest, semi annual.
Madison County (P. 0. Jackson), Tenn.— Bond* Not Yet
Sold.- We are advised that the county has made no further
effort to sell the $10) 000 i% road bonds— the unsold portion
of an issue of $150,0J0 bonds offered on June 16. Several
bids of par, our informant adds, have been received for small
blocks of these bonds, but as the connty desires to sell them
in one block these small bids have not been considered.
&
Marqaette, Mich.— Bonds Not Sold— Bond Offering.— This
city tailed to sell its $50,000 3}4% lO-year refunding city-hall
bonds offered on August 8. The interest rate has since been
increased to ii, and proposals are a^ain asked for, this
time until 8 p m., August 17, by Franklin E. Bay, City
Comptroller. Denomination, $l,0u0. Date, Aug. 15, 1903.
Interest semi aunually at offiee of City Treasurer. Maturity,
Aug. 15, 1913.
Ailwankee County, Wis.- Bonds Not Sold.— No bids were
received August 5 tor the $90,000 d% exchange bonds described in V. 77, p. 264. We are advised that the County
Board will be asked to increas the rate to ii.
Miubter, Oiiio.-Bo?i'l OJTeriTtgr.-Proposals will be received
until 12 M., August 30 (this date falls on Sunday, but it is eo
given in the Hdvertisement), by M. A. Anthony, Village
Clerk, for $1,750 5% coupon Fourth Street assessment bonds.
Denomination. $350. Ddte, Sept. 2, 1903. Interest, semiannual. Maturity, $35J yearly on January 2 from 1904 to
Caeh in the sum of $100 required with bids.
1908, inclusive.
Accrued interest is to be paid by purchaser.
MiKgoula School District, Missoula County, Mont.— Bond
8a^. -Cn Augubt 1 $lO,000 4^ 5 20 year (optional) school
bonds were awarded to the State of Montana at p&r, Date
of bonds, August 1, 1903.
Moaroe, Mich.— Bond Offering.— Farther details are at
hand relative to the offering lor sale on August 27 of $30 000
A% paving bonds. Proposals for these bonds may be addressed
to John Steiner, City Clerk. Interest will be payable annu-
[Vol.
LXXVn.
ally.
Maturity, $2,000 yearly from 1905 to 1911, inclusive,
and $4,000 yearly from 1912 to 1915, inclusive.
Mount Vernon, N. Y.—Bond Offering— Tiae Common Council will receive bids until 8 P. M., August 11, for $40,000 ii
deficiencv bonds maturing $10,100 yearly on August 1 from
1932 to 1935, inclusive. Securities are in denomination of
$1,003, dated Aug. 1, 1903.
Interest semi-annually at the
office of the City Treasurer.
certified check for $1,000,
payable to the city of Mount Vernon, must accompany proposals.
Authority for issue, Chapter 44, Laws of 1902.
A
Wm.
N. Hoyt
is
City Clerk.
Bonds Not Sold. — No bids, it is stated, were received
August 4 for $150,000 4jf tax-relief bonds offered for sale on
that day.
Mount Vernon, So. Dak.— Bonds Not Yet Issued.— We are
advised that the $5,000 water bonds offered on August 1
have not vet been issued.
Mount "Vernon (III.) School District.- Bonds Not Sold.—
No bids were received Aug. 3 for the $25,000 4% 6-14 year
(serial) school bonds described in V. 77, p. 215.
Securities
will be re-offered later.
Mount Vernon (Ind.) School District.— Bond SaZe.— On
July 25 $19,000 i}4% bonds were awarded to Jie North Vernon State Bank at 102'142 Denomination, $1,000. Date,
Aug. 1, 1903. Interest, semt-annual. Maturity, Aug. 1, 1913.
Mount Vernon (Ohio) School District.- Bond Cl^eringr.—
Proposals will be received until 2 p, M August 22, by R. M.
Greer, Clerk Board of Education, for 1;15,000 5^ 6 20-year
(optional) bonds. Authority, Section 8993, Revised Statutes
of Ohio.
Denomination, $500. Date, Sept. 1, 1903. Interest,
semi-annual.
deposit of $1,000 will be required of the successful bidder on day of sale.
Nashville, Tenn.— Bond Sale.—Ot the $200,000 4% street
and sewer bonds offered but not sold on July 1, $19,000 have
since been disposed of at private sale at par. For desorip<
tion of bonds see V. 76, p. 1370.
Nassau County, N. i.—Loan Authorized. County Treasurer Charles F. Lewis was authorized by the Board of Supervisors on August 3 to borrow $15,000 for four months at not
exceeding 4? interest, to meet current exnenses.
New Britain, Conn.- Bids Refected.— Owiug to the condition of the mooey market, all bids received July 25 for the
water bonds described in V. 77, p. 161, were re$75,000
jected, and the bonds have been withdrawn from the market
for the present.
New Vork City.— Bond Issues. The following issues of
corporate stock of New York City were taken by the sinking fund as investments during the month of July :
,
A
—
H
—
Pun>o«e.
General fund bonds of 1003
Atlantic Avenue liuprovement, Brooklyn
Jnterett Rate. Maturity,
3
193J
Improvement purks, parkways and drives
Cummlsstua of engineers fur examining water
supply
Brldae over Newtown Creek
Bridae B. I89th St. over tracks N.Y.&H. KR..
Department of Health building fund
N. Y. County Court- House reconstruction
Sites for Carneule libraries
Fund for street and park openings
Botanical Harden, Bronx Park
American Museum of Natural History
Const ruction and improvement toilet facllitloa
in city parks
Amount-
8
3
1952
1932
14,000,000
100.000
60,000
3
8
3
1963
1968
1932
1952
19i8
1968
195a
1962
1062
86,000
10,000
1.000
10,000
21.679
£3,000
l.OOU.OOO
10,000
6,000
8
1052
8
8
3
3
3
8
2,600
Total.
$6,808,179
The
$4,000,000 general fund bonds in the table above are
of an issue of SJ^ millions authorized by the special
Act of the Legislature for the purpose of releasing the surplus revenues of the sinking fund and allowing the money to
be applied to the reduction of taxes. The plan was explained
in the Chronicle March 14.
In addition to the above bonds the following "revenue
bonds " (temporary securities) were issued
KEVENUB BONDS -SPECIAL.
Intertsi Rate. Jifatnrity.
Amount.
$12k'.000
Taken by Commissioners of Sinking Fund .... 3
1901
Taken by outside parties
1904
1.187,000
3H
outside
Taken by
parties
4
I0u4
357,266
the
first
:
Total
|l,673,8fl6
REVENDE BONDS ISSUED
IN ANTICIPATION
OF TAXES.
Interest Rate. Uaturity.
Taken by outside
Taken by outside
parties
parties
3^
1903
19t3
4
Amoiint
$8,011,000
(50,000
Total
$8,r61,C00
—
North Adams, Mass.- Loans Authorized. The City Treasurer has been authorized to borrow $10,000 for paving and
$17,600 for bridges.
—
North Ba timore, Ohio.— Bond Sale.
Oa August 4
$20,000 6% refunding bonds »vere awarded to Feder, Holzman
Co., Cincinnati, at 105.
Denomination, $1,000.
Date,
Aug. 1, 1903. Interest, March 1 and S-;pt. 1 at the oflaoe of
tue Village Trea^arer. Maturity, $500 each six months from
Sept. 1, 190S, to March 1, 1918, inclusive.
Ocilia, {iA.—Bond Sale.— Oa Aug. 1 the $15,000 Qi 30-year
gold school and electric light bonds deecribed in V. 76, p.
Co., Chicago.
1871, were awarded to C. M. Ellingwood
refunding
Olean, N. Y.-Bond Sale.— Oa July 1 $15,000
water bonds were awarded to E D. Shepard
Co., New
York City, at par. DKnominafion, $')00. Dite, July 1, 1908.
Interest, semi annual.
Maturity, $500 yearly on July 1 from
1904 to 1933, inclusive. Bonds are exempt from all taxation
in the State of New York except for State purposes.
Ottawa, Ohio.— «ond O^ertngr— Proposals will be received
until 12 M., Aug. 25, by B. H. Heringhaus, Village Clerk, for
$50,000 i% water-works bonds. Dent mination, $5U0, Date,
Sept. 1, 191)3. laterfcst, semi-annually. Maturity, Sept. 1,
Certified check for 6% of the bond bid for, payable to
1928,
&
&
H
&
AUGX79V
THE CHRONICLE.
8, 1903.J
the Village Treasurer, required. Purchaser must pay acorued interest. The Village Council reserves the rlght to
deliver the bonds in instalments of $12,500 each.
Overpecb Township ( P. 0. Rldgetield Park, N. J.) School
District— Bond O/ering.— Proposals will be received until
8 P. M., to-night (Aug. 8) by Herbert C. Mehrhof, District
Clerk, for |31,000 43^8 school bonds. Denomination, $1,000.
Date, Sept. 1, 1908, Interest, semi anuual. Maturity, $8,010
yearly on September 1 from 1913 to 1923, inclusive, and $1,000
Sept.
1,
1923.
Oxford, N.
C— Bonds
Not Sold.— No bids were received
gold refunding bonds de-
3 for the $46,500 i% 80-year
scribed in V. 77, p. 161.
Aug.
Palatba, Fla.—Bida Rejected.— All bids received August 4
for the $176,00 5i water, sewer, paving and refunding bonds
described in V. 77, p. 161, were rejected.
Patebdgae School District, Snfif».lk Connty, N.T.— Bond*
Voted,— At the annual school meeting held Aug. 4 it was
voted to issue $8,000 1-8-year (serial) school-house addition
bonds.
Payette (Idaho) School District.— Bond Sale.— On Jnly 3
$16,000 5% 10 20-year (optional) building and improvement
bonds were awarded to the State Land Board at par. Denomination, $500. Date, Aug. 1, 1903. Interest, semi-annual.
Peabody, Mass.— Btd».— Following are the bids received
July 30 for the $150,000 4« l-30year (serial) water bonds
:
Merrin, Oldliam 4Co.. Bo»ton..l08-e49
Bstabrook
Jk
——
—
:
Co.,
Boston
lOi'68
& Co..
Merritt &
RIake Bros.
Blodget,
101-66
Boston
Co.. Boston. 101'54T
108*059 8. A. Kean. ChloaRO.
1U0*U2
a.L.Da7 A Co.. Boston
As stated laet week, the bonds were awarded to Merrill,
Oldham & Co. of Boston.
Pima Connty (Ariz) School District No. l.-Bonds Not
Sold.— All bids received Jnly 21 for the $15,000 gold bonds
described in V. 77, p. 61 were rejected.
p. 816,
St.
315
were awarded
Commercial Savings Bank of
to the
Louis at 101 '458 and accrued interest.
bids
Following are the
:
ComnieTOial Sav. Bank, St. Ii.$12.176 00
jH. C. Speer&Co.. ChicaKO.... 12,020 001
I
W.
S.
J.
Hayes * Soas.
A. Kean, Chloaito
CI«ye.. .$18,000 OC
12,0«0 00
Salem, Ohio.— Bond Ojferinflr.— Proposals will be received
until 12 M,, Aug. 20, by George Holmes, City Auditor, for
$27,000 6% l-27year (serial) refunding bonds. Date, Aug. 15,
1903. Denomination, $1,000. Interest payable semi-annually.
Certified check for 1% of bonds bid for required. Purchaser
must pay accrued interest. Bonds are to be paid for within
ten days of the acceptance of bid.
are
Salina (Kan.) Sclionl District.- Bonrf« Not Sold.—
advised that the $8,000 5^ 10-year school-building bonds
offered on July 1 have not yet been sold.
Sandersvllle, 9a.— Bond Sale.- It is stated that $16,000 5%
light and water bonds— maturing $6,000 in five years, $6,000
in ten years and $8,000 in fifteen years— have been sold to
L. B. Holt of Sandersville at 105. These bonds are part of
an issue of $37,000 offered but not sold on July 1. For description of bonds see V. 76, p. 1318.
San Diego, Cal.— Bond Sale.— The National Bank of Commerce has purchased at par $37,000 i^i Fire- Department
and $5 000 4J^!« bridge bonds. These securities are part of
the $381,000 bonds offered, but not sold, on June 22, and were
described in V. 76, p. 1211.
San Pedro School District, Los Angeles Connty, Cal.—
Bond Election.— An election will be held August 11 to vote
on the question of issuing $6,000 6^ 1-20 year (serial) school-
We
building bonds.
An
election will be held
Santa Ana, Cal.— Bond Election.—
in this city to vote on the question of issuing $60,000 lightplant, $12,000 school, $30,000 city hall and $8,000 fire-depart-
ment bonds.
Plymouth, Richland and Huron Counties, Ohio.— Bond
Schenectady, N. T. Bond Offering.— Proposala will be reQ^crtng.- Proposals will be received until 12 M., September ceived until 11 A. M., Aug. 13, by J. H. Bernard!, City Treas1, by W. A. Jeffrey, Village Clerk, for $4,000 5% water- works
urer, for $319,000 4^ registered water bonds. Authority,
and electric-light-plant bonds. Denomination, $1,000. Date, Chapter 330, Laws of 188B, as amended by Chapter 578, Laws
Sept. 1, 1903. Interest, semi annual. Maturity, $1,000 yearly of 1902. Denomination, $1,000. Date, Aug. 15, 1903. Interon June 1 from 1930 to 1983, inclusive. Either a deposit of est semi-ancually at the office of the City Treasurer.
Ma$200 or a certified check for that amount on the First Na- turity, $36,000 bonds yearly on Aug. 15 from 1916 to 1921,
tional Bank of Plymouth, payable to the Village Clerk, re- inclusive; $50,000 on Aug. 15, 1922, and $59,000 on Aug, 15,
quired. Accrued interest Is to be paid by purchaser. Bids 1923. Certified check for 5^ of the total amount of bonds
must be made on blanks prepared by the Village Clerk.
bid for, payable to the City Treasurer, required.
Pony, Mont.—Bond Offering,— R. T. Smith, Town Clerk,
Shelby Connty (P. 0. Sidney), Ohio.— Bond Oferinflr.—
will offer at public auction at 10 a. m., Aug. 10 (time ex- Proposals will be received until 12 m August 24, by the
tended irom July 16). $20,000 5% coupon water bonds, De County Commissioners, at the office of R. B. Dill, County
nomination, $1,000. Interest, Jan. 1 and July 1 at office of the Auditor, for $31,500 5% road-improvement bonds. DenomTown Treasurer or at some bank in New York City to be inations, 2 bonds for $900 each, 18 for $800, 4 for $650, 6 for
designated by Treasurer. Maturity, 1923; redeemable, 1913. $600, 12 for $500, 1 for $400 and 9 for $300. Authority, SecBidder required to deposit an unconditional check for $1,000, tion 6 of Act passed April 4, 1900, and also Act passed April
certified by the Morris State Bank of Pony, and payable to 16, 1900. Date, July 1, 1903.
Interest semi-annually at the
the Town Treasurer.
office of the County Treasurer. Maturity, $3,760 Jan. 1, 1904;
Portland, Ore,— Bond Sale, This city on July 23 sold at $3,500 July 1, 1904; $4,150 Jan. 1, 1905; |3,0OO Jnly 1, 1905;
104'50 to Lipman, Wolfe & Co. an issue of $75,C00
street- $3,550 Jan. 1, 1906; $3,500 July 1, 1906; $2,550 Jan. 1, 1907;
improvement bonds. Securities mature in ten years but are $3,500 July 1, 1907; $2,500 Jan. 1, 1908; $2,500 July 1, 1908.
,
—
H
subject to call before that time.
Port of Portland, Ore.— Bond« Sold in Part,—0£ the
$300,000 ii gold refunding and the $300,000 A% gold dry-dock
bonds offered for sale on July 25, only $85,000 were awarded,
as follows
$10,000
lO.OCO
6 OjO
5,000
5,000
4« 80-year dry-dock bonds to E D. Rood at par and interest.
4* B-year refnndlnsr bonds to F. Botefuhr for »»,500.
i% 4-year refundlni; bonds to B. C. Apperson for I4,*'70.
4« 7.year refunding bonds 10 McMlnnville National Bank for $4,050.
4% 9-year refandlDK bonds to McMinnville National Bank for (4,850.
Bond
—
Offering. Pioposals will be received until 4 p.m.,
by E. T. C. Stevens, Clerk, for $275,000 i% gold refunding bonds. Denomination, $1,000. Date, June 1, 1908.
Interest semi-annually at the office of the Treasurer. Maturity yearly on June 1, $30,000 in 1904, 1905, 1906, 1909,
1911 and 1913, $25,000 in 1907, 1910 and 1912 and $20,000 in
1908. Certified check for b% of the par value of bonds bid for,
payable to the Treasurer of the Port of Portland, required.
These bonds are part of the $300,009 issue offered on July 25,
when only $25,000 of the bonds were sold, as stated above.
Sept. 7,
Poltsiown, Pa.— Bond EUction,— It is stated that an election will be held in this borough to vote on the issuance of
$125,000 electric-light-plant ana borougb-hall bonds.
Ripley Connty, Ind.— Bond Sales.— Oa Aug. 4 the $21,000
i}4% Center Township pike bonds were awarded to local investors at an average price of 101 '682, and the $20,C00 4J^?
Laughery Townehip pike bonds were taken by F. M. Laws,
Cashier of the Versailles Bank, at 100"50. Bids were also
received from J. F. Wild
Co., Indianapolis, and S. A.
Kean, of Chicago, for the entire amount offered, while numerous bids for email amounts were submitted by local
people. Bonds were described in V. 77, p. 285.
Saginaw, JMich.— Bond SaZc.- On Aug. 1 the $210,000 i%
&
A
deposit of $200 in currency is required. Purchaser must
pay cash for bonds within three days after they are awarded.
These bonds were offered as 4 per cents on July 27 bat not
sold.
South Omaha, Neb.—Bond Sale.-The $70,000 funding
bonds offered as i}4 P^^ cents on July 13 without attracting
any bids were, upon increasing the interest rate to 5%, sold
at par on July 31 to J. L, Brandeis & Sons of Omaha. Maturity, 20 years; subject to call after 5 years.
Date of bonds,
July 1, 1903. Interest, annual.
Spanlding, Neh.—Bond* Voted.— Thia place on July 29
voted to issue $4,200 water-works bonds.
Springfield, Brown Connty, Minn.— Bond O^ertngr. —Proposals will be received until 2 p. m., August 24, by the Village Council, Hugo O. Sohleuder, President, for $4,500 4%
funding bonds. Interest, semi-annual. Maturity, $500 in
six years and $1,000 yearly thereafter.
Springfield, Ohio. Bond Sale.— Oa Aug. 4 the three iesueE
of bonds described in V. 77, p. 266, were awarded as follows,
all bids being at par and interest:
$16,000 00 i% flre-department bonds to the" Spring eld SaviaRS Bank.
4,360 46 n% Clifton Avenue bonds to the Trustees Firemen's Pension Fnnd.
2,365 8B 6« Washington and Yellow Springs Slrtet honds to the Trustees
II
Firemen's Pension Fund.
Stoire Township School District, Allegheny Connty,
Pa. Bond Offering. Proposals will be received until August
25 by R. J. Macoubray, Secretary, P. O. McKees Rocks, for
30 year school bonds. Interest, semi-annual.
$10,000
Spring Hope School District, Nash Connty, N. C.—Bond
O^eringr.— Proposals will be received until Aug. 31 for the
$6,000 4^ school building bonds recently voted. Denominations $100, $500 and $1,000. Interest, Jan. 1 and July 1.
Maturity, 60 years.
Salphnr Springs, Texas.— Bond Sale.—This town has sold
through J. B. Oldham of Dallas the $19,000 water-works-
—
H
improvement bonds (two issues) were
awarded to the Second National Bank of Saginaw (the only
bidders) at par. For description of bonds see V. 77, p. 163.
improvement bonds mentioned in V. 77, p. 53.
St Bernard Parish, ha.— Date of Bond*.— We are adSummit, N. J.— Bond BeaoZMtion.- According to the Newvised that the $50,000 5% 40-year road bonds voted at the ark 'News," the Common Council at its meeting Aug. 4
election held Jnly 23 will be dated Jan. 1, 1904. Interest adopted a resolution giving the finance committee authority
will be paid annually at some bank in New Orleans
The to conduct negotiations for the sale of the $126,000 4% sewer
ordinance authorizing these bonds and providing for the de
bonds awarded last June to Jno. D. Everitt & Co., New York
tails of the same has not yet been acted upon by the Police City.
It seems that the sale has never been consummated,
Jury of the parish, but, our informant states, the matter and it is in the hope that another purchaser may be secured
will no doubt be determined at the next regular meeting of that the above resolution was passed.
that body.
Snmter County, Ala.— Bond Election.— We are advised
St, Louis, Mich.— Bond 5a?g.— On July 29 the four issues that an election will be held Aug. 24 to vote on the question
of 5% 10-year bonds aggregating $12,000 described in V. 77, of issuing $120,000 5% road bonds,
If the election results in
1-10- year (serial) street
—
.
THE CHRONICLK
316
favor of the issue, applioation will be made to the State
Leeisl.iture for authority to put out the boods.
Tti^buniingo, Ind. Ter.— Bonds iVo« Sold.- All bida received
Aug. 3 tor he $30,000 water and $20,0 school 6<l 20-year
bonds described in V. 77, p. 217, were rr jected.
Tne City Conncil haa
Tuled ', Ohio.— Temp ^rary Loan
paseart a re-olntian to borrow $10,000 for six months from
the Northern National Bank of Toledo at 5}.^f
Bonds Proposed.— Tbe City Conncil has referred to the
Ways and Meaoe Committee an ordinance providing for the
iesnance of |20.0CH) sanitary bonds.
Towaeend, \lont.— Bonds Defeated.— Thia city on Jnly 16
voted agninst the issuance of $39,000 water- works bonds,
Tremoa, N. J.—Borui 6ate.— Thompson, Tenney & Crawford, o' Kew York City, were the eaccessful bidderst on Jnly
31 for the bonds of this city, paving 101'5l for the $64,535 4<?
10 year paving bonds and 105 26 for the $27,000 4<l 80-year
repaving bonds. Tne following bids w^re received
Aug. 3, "were not Isold, for the reason that the board decided to re- advertise to more closely conform to the General
Village L'^w.' Sealed bids, therefore, are again aeked for,
this time unUl 7:30 p m., August 17, by F. C. Cary, Village
Clerk. See V. 77, p. 2B7, for description of bonds.
Well8ton(Ohio) School District.— Bond« <o be Be-o/ered.
are advised that this district recently offered for sale
two issues of bonds (one for $5,100 and the other for $12,000),
butltbat owing to the.f act that the newspaper in which the advertisement was placed failed to comply with the law in the
matter of publication, the Board his rejected all bids and is
re advertising the bonds for sale Aueust 19.
until
I
—
—We
West Huboken, N. J.— Bonda .Auf/iortted.— The Council
on July 29 authorized the issuance of $21,019 bonds for the
redemption of improvement certificates.
WlUiamsbnr};, Clermont Coanty, Ohio. —Bond Offering.—
Proposals will be received until 12 m., August 81, by Chas.
Hoffman, Village Clerk, for $3 OOO 4% town hall bonds. Authority, Sections 2835, 2886 and 2837, Revised Statutes of
Ohio. Deuomiitation, $500. Date, July 25, 1903
Interest,
semi annual. Maturity, $500 July 25, 1913; $1,000 July 25,
1923, and $1,600 July 25, 1933.
Accrued interest to be paid
by purchaser.
Proposals will also be received at the same time and place
for $9,000 4^ light bonds. Interest, semi annually in Williamsburg. Maturity, 10, 20 and 30 years.
It should be stated that the official advertisement gives
the date until which bids will be received as above, viz.,
Aug. 81, whereas the Village Clerk in sending us the details
of the bonds gives the date as Aug. 29.
WooRter, Ohio.— ivond Sale.—Oa August 1 the $20,000 4«t
refunding bonds described in V. 77, p. 287, were awarded to
the Wayne County National Bank, Wooster, at par. Bonds
:
$e4,&36 Bond*.
I01'6l
& C>awford, New York
New York
K.L.D«y Jt Co.. New York
Joh« D Hyentt * Co.. New York
Denisan, Prior 4 Co .Cleveland and Boston
BBtaoiookaCo.. New York
ThOBiMion, Tenney
N. W. Hahey * Co.
$27,000 Bds.
105-.6
105-189
10XM9
101^9
10419
10*I1U
102-07
100-79i
100-189
Dick* Ilobinson, New York
10037
Bun<ls are dattd Aug, 1, 1903. Interest semi-aanusilly at
the cfBce of the City Treasurer.
Troy, N. Y.— Bonds Proposed. The question of issuing
|855,00o water-extension bonds is before the City Council.
—
WadesDoro Township, Anson Conntj, N.
C— Bond Saie.—
On Aog
8 a $1,000 6^ road-improvement bond was awarded
Denomination. $1,000. Date,
to O. M. Barns at 111-80.
Jnly 1, 1903. Interest, semi annual. Maturity, July 1. 1915.
Wakpfleld, Mich. Bonds Foied.—This town has voted to
issue $10,000 light plant bonds.
TFalst-nborg, Hoerfano Coanty, Colo.— Bond Offering
Withdratcn.— B-ATTj Setter, Town Clerk, gives notice that
"on account of the financial situation at this time" the advertisement offering for sale August 10 $'50,000 5^^' water
bonds has been recalled and the bonds withdrawn from the
market for the present. See V. 77, p. 266 for description of
are dated Sept. 15, 1908.
Wyandot County (P. 0. Upper Sandnsky), Ohio.— Bid«.—
Following are the bids received July 30 for the |36,O0O 5%
road bonds described in V. 77, p. 108
:
Mansfield SavinRS
dUBky
Warwick, N. Y.— Bonds Not /S'oZd.— We are advised that
the $28,000 4% water bonds, bida for which were asked for
NEW
LOANS.
OF THE
CrXY OF YONKERS,
TO THE BOARD OF EDUCATION.
Sealed proposals are invited for $117,500 4 per
cent. Begistered Bonds, interest payable April and
October
As
field
$36,060 00
|
36,02500
1
Ist.
Th«9C bonds are issnerl in conformity with the
prOTUions of Chapter 643 of the Laws of 1880,
and of resolutions passed bj the Common Council
July 81st, 1903. The bonds will be dated AuRUSt Ist,
1908. and will mature as follows:
$10,000 April 1 1942.
$10,000 April 1 1948.
10.000
do.
1943.
lO.noO
do.
1949.
10.000
do.
1944.
1P50.
lO.COO
do.
lO.OOO
do.
1945.
10,000
do.
1931.
io,oco
do.
1948.
10,000
do.
1962.
10,000
do.
19i7.
7,5
do
1953.
Tfce Deoef>Eiar7 papers to establish the lesaUty of
this issme will be fnrnlshed Immediatelr to the
suooeasful bidder, who will be expected to take
the bondfi on Aufoist 1> h, which must be paid
for bf certified check to the order of the Treasurer
of the Board of Edocatlon, Yonkers, X. Y.
p
Propasais must be accompanied by a certified
check for Ave per cent of the amount bid for. to
the order of the Treasurer, as above, and endorsed
"Proposal for School Bonds," and addressed to
J. H. Claxton, Secretary of the Board of Kducatlon,
Yonkert, N Y.
The riRht
reserved to reject any or all bids,
which will be opened In the Board Room, HlRh
Soboot Boll<ilnK, Monday, August 10th, 1903, at 8
O'clock P. M.
I."*
CUARLES M. FANC'HEIt.
RUDOLPU EICKEMEyiiR
PETER V. FOWLER,
Jr..
INVESTMENTS.
LOANS.
J. F.
WILD &
CO.,
Spokane County, Wash.,
BANKERS,
REFUNDING BONDS.
Indlanapolla, Ind.
Sealed proposals will be received by the County
Comnjissioutrs of Spokane County. Washinfrton. up
to NOON. SEPTEMBER 1ST, 1903, at the office of
the County Treasurer, 1l the Court House, City of
Spokane, Washington, for $30°',000refundine bonds.
Said bonds to be dated October 1st, 1903, and beaiInterest at a rate not to exceed 6 per cent, payable
semi-annually, principal and interest payable at the
fiscal aKency of the State of Washington in New
HIGH-GRADE
York City.
Said bonds to be in denominations of $1,000 each.
In one series, known as series "R," payable in
twenty yea's, with option of the County paying in
ten years If It so elect.
Ab'>ve bonds are issued for the purpose of refunding *50,000 OO of funding bands issued bv the said
rounly November 1st, 1893, and 1^50.000 00 Cour'llouse and Jail bonds. Series 1, dated Ntivtmber 1st,
1893
name the
price and rate of
Interest at which they "ill take all or any psrt of
fiaid b ndii.
All bids lo be marked "Proposals for
Bund.s."
Cash or a Cashier's check Issued by a United States
Ntttional Bank, payable to Spokans County, Washington, must accompany each bid to the amount of
3 per cent of iheaojount bid; same to be forfeited
to the County In case the bid be accepted and the
bidder fall within tbe specified time to comply with
Bidders are asked to
the terms of his bid.
The right is reserved to reject any and all bids.
By order of the Board of County Commissioners.
Dated at Spokane, Wash., July 26, Ibo^.
a. k. COIiLIN,
Attest- Z.
STEWART.
Officio Clerk of
MUNICIPAL,
CORPORATION,
RAILWAY
BONDS.
Indiana Bonds and Local Stoeks
a ^pecialty.
R.
F.
FULTON & CO.,
Municipal Bonds,
171
la 8alle
street,
OHIOAQO.
INVESTMENT BONDS.
Chairman.
County Auditor and exthe Board of Commissioners.
SEND FOR
LIST.
DENISON, PRIOR & OO.
FARSON LEACH &
CO.
CommiiteeTof Fioancf).
CLEVELAND.
BOSTON.
Blodget, Merritt
Public Securities,
WANTED.
P B. Brtees ft Co.. Clnclnuatl.$3«,012 60
W.J. Hayes ft Sons. Cleye... 3*,00000
stated last week, the bonds were awarded to the MansSavings Bank,
S300,000
SCHOOL BONDS
IHST7BD
Bank
Upper San-
First Nat. Bank.
bonds.
NEW
[Vol. LXXVII.
&
Co.,
BANKERS
Western
Municipal Bonds, OUICAGO. NEW YORK..
BOHTOH.
BUND DEPARTMENT,
PHIIiADELPHIA.
ROYAL TRUST COMPANY,
Congress Street, Boston.
36 NA8BAD STREET, NEW YORK.
16
STATE. CITY & BAILROAI) BONDS.
160 JackHon Boulevard,
CHICAGO.
MUNICIPAL BONDS.
E. C.
121
Stanwood
&,
Co.,
BANKERH.
Devonshire Street,
BOSTON.
T. B. POTTER,
MUNICIPAL and DOKinQ
D^«^l-'«»
CORPORATION
MaoDonald, McCoy & Co.,
UUHICIPAL AMD CORPORiTIOt
BONDS.
172 WashiE^ton Street,
ClIICAOO.
lAUT ON APPIilOATION.
ILLS.
Z7I
La Salle
Street, Chicago.
4 State Street, BOSTON.
I
:
August
THE CHRONICLE.
8, 1908.]
the Lamprecht
are the bids
p.
will he reP. M., Angnat 10, by the Board of Water
Commissioners. Joseph H. Beall, President, for $100,000 ii
water bonds. Dite of bonds, Ang. 15, 19G3. Interest, April
1 and October 1. Maturity, $50,000 April 1, 1933, and $50,000
April 1, 1923. Certified check for $2,000, payable to the
Treasurer of the Board of Water Commissioners, required.
Theee bonds were offered on August 6, but the board received only one bid, which was rejected.
Tonkeri). N.
ceived nntil 8:30
Belleville, Ill.-G. H. Beineke, Comptroller.
Y.— .Bond caTermg.— Proposals
Y.) School District.— 5ond O/Terfng.— Propo-
sals will be received until 8 p. M.,
August
10,
by
J.
H. Clax"
Board of Education, for $117,500 i%
registered bonds, issued under the authority of Chapter 548,
Laws of 1899. Securities are dated Aug. 1, 1903, and will
mature $10,000 yearly on April 1 from 1943 to 1958, inclusive,
and I7.5C0 April 1,1953. Interest will be payable April 1
and October 1. A certified check for 5^, payable to the
Treasurer, must accompany proposals.
The opicial notice of this bond offering will be found among
the advertiaeinentB elsewhere in this Department,
YonngAtOTtn, Oblo.— Bonds Authorized.—The City Council has authorized the following bonds
ton, Secretary of the
:
•S,9S0 C% sewer-as9C99ment bonds of 1586 eacb. Matnrity, toSe yearly on Oct. 1
from 1906 to 1». 9. incluslvo.
460 8» McGufley Street bonds of _|90 each.; Maturity, 180 yearly on Oct. 1
from llKia to 1910. inclusive.
790 5)1 Hioirod Avenuu sewer-assessraent bonds. Denomination, 1168. Maturity, ore tond yearly on April 1 from 1906 to 1910, inclnslye.
iAO 6% sewer assessment bunds. Maturity, one bond of (90 yearly on April 1
from I9t0 to ivio, inclusive.
is
Total debt Mar.
1903.. $124,000
1,
Aas'rt valuation, real
1,5'2S,277
Ass'rt valuation, pers'l..
503,927
Total viiluatiou 1902
'3,087,20-1:
Total ta.x (por*l,OO0) 'O-J... $62-40
Population In 1890 wan
1.5,301
Population in 1900 was
Issued
by this
17,484
city are tax exempt.
Barllngton, N. J.— Qeo. C, Qunn, Treasurer.
This city
is
in Burlirgton County.
When Due.
LOANS—
Meadow Drainage—
Dec. 1,1921
J&D, $14,000
Subject to call after Deo. 1, 1901
Paving Bonus—
,$3,500
48, J&D, 5,000
48, AAO, 11,000
48
City Boxbs (refunding^—
M&S, $22.000
Sept.l, 1904
Interest is payable In Burlington.
Bond, debt Mar. 10, 1903 $128,900
48,
48,
Floating debt
-
1900 Total debt Mar. 10, 1903
1908 Cash aul sinking fund.
1910 Net debt Mar. 10, 1903
.
Oct. 1,
.
.
8,620
137,520
10,553
1 26.967
Assessed valuat'n, real. .2, 158, 810
\VATEK BONDS—
Nov 1, 1916 Assessed valuat'n, pers'l 416,965
48, MAN, $20,000
July 1,1908 Total valuation 1902... 2,575.775
4b,JAJ, 24,500
Total tax (per $1,000) 1902.$28-30
Fire Dki>artment—
Mar. 1.1907 Population in 1890 was
7,264
48,...., $6,800
1906 Population in 1900 was
7,392
2,600
48. ....,
District
(AiidiVl.)
ifChooL
Bonds—
Deficiency & Health Bonds—
M&S,
$25,500.
1903
to '28
July 1,1912 4s,
Sep.,
48. J & J, $9,500
4s, M&S,
8,000. Sep., 1928 to '38
Refunding Bonds—
July 1, 1921 Bonded debt Mar. 1, '03 $33,500
4s, J&J, $10,000
(Subject to call after July 1,1911.)
Assessed valuat'n 1902.2,575,775
TAX FREE.— All bonds issued by tWs city are exempt from taxation.
Little Rock, Ark.— W. R. Daley, Mayor; F. M. Oliver,
Clerk. This la the capital of the State
of Pulaski County.
^^«»
LOANS—
Refunding Bonds 1899—
I>ue.
and the county seat
Sinking fund
$32,645
Tax valuation, real
11,741,195
1909 Tax valuation, per. & rr. 4,969,660
$118,000
payable by City Treas. Total valuation 1902... 16,710,855
Bond, debt Jan. 1,1903.. $118,000 Assessment about ^a actual valae.
36.877 City tax (per $1,000) 1902... $6-00
Judgment debt
32,341 Total tax (per $1,000) 1902..$26'00
Floating debt
187,218 Population in 1890 was
25,874
Totaldebt
6,218 Population 1900 (Census).. 38,307
Cashonhand
68, Aug.,
Is
INVESTMENT BONDS
OF
Rudolph Kleybolte&Co.
Mnniclpalitles,
BANKERS,
Corporations,
1909
TAX FREE,— All of tlio bonds
INVESTMENTS.
and
2,
Subject to call after Sept. 2, 1899
Jan. 1,1910
-10,000
4s, J&J,
Subleot to call after Jan. 1, 1900
Interest payable at Belleville.
INVESTMENTS.
Rallroad§
Whenlhte.
LOANS.—
Refdndino Bonds—
Sept.
4s, MAS, $84,000
Interest
Interest will be payable semi-annually at office of the City
Treasurer.
Yoatan, "Seh.— Bonds Defeated.— This place recently voted
against the issuance of $5,000 water bonds.
This city
County.
in St. Clair
$12,024 80
Lamprecht Bros. Co.. Cleve. .113.1 61 00 Mansfield Sar. Bank
R.KleTboltB* Oo.. Clncli... 18,18000 W.J HaTesA Sons. Clere... 12.001 oo
Clnoln
IZ.OoO 00
Co.,
BrlKKS
3i
00
P.
S.
12.0d6
First Nat. Bank. Upper San..
Yonkera (N.
STATE AND CITY DEBT CHANGES.
$13,000 5^ road improve218, were awarded to
Bros. Co., Cleveland, at 101*342. Following
Bond Sale.- On Angnst 8 the
ment bonda deeciibed in V. 77,
317
MISCELLANEOUS,
The American Mfg. Co.
DKAiKKS IN
Suitable for SarlnKS Banks. Estates, Trust
FnndB aad ooDservatiTe private Inveatorg.
MUNICIPAL, RAILROAD and
Write for Circular.
STREET RAILWAY
MASON, LEWIS & CO.
BONDS.
MANILA SISAL AND JUTE
CORDACE.
BANKERS.
Boston.
Chicago.
Pblladelptala.
MUNICIPAL
1
NASSAU STREET, NEW YORK.
Interest Paid on Daily
63-65 Wall Street,
New
York.
and Time Deposits*
AND
Public
Service
OorporatioD
&
Perry, Coffin
Burr,
THE GRAND PRIX
BONDS.
E.H.ROLLINS & SONS, INVESTMENT BONDS
BOSTON.
DenTer.
60 State Street,
San Francisco.
Chicago.
BOSTON.
WE OFFER
RAILROAD
WAS AWARDED AT THE FABIS EXFOSITIOM TO
Fred.
and
MUNICIPAL
BONDS
Marsln.
Bstabllsbed ISas.
WHITING PAPER COMPANY,
-
for Cash or on
Correspondence Inyited.
VICKER8 & PHELPS,
S%.
HOLYOKE,
AIASS.,
New York. And 150 DuANE Street
INVESTMENT BROKERS,
SECURE BANK
HieSJKST GRADE RAILROAD
B OIV DS.
-
29 Wall Street
Send for Special Circular.
WHITE &
0. H.
ftl Uberty
BONDS
St.,
CO.,
New York.
and
STOCK
New York.
VAULTS.
TEXAS MUNICIPAL BONDS.
This Issue bag been approved by the AttorneyGeneral, and registered by tne State Comptroller.
Write for price and
BARRT
full particulars.
POIVELL
B.
4c CO.
Woad.tock, Termont.
CERTIFICATES.
Finrat Eneraveii
Work.
Also cheaper— but not cheap-lookine-partly Uthograpbed and partly type-primed, flulshed In a
lew days. Sscd for samples.
AI.KEKT B.
«& CO..
Enuravera and Li hoKrapbers,
(Telephone Connection.) 105 William St., N. Y.
PAPERS,
ever received this— the highest honor that, can ba
conferred.
It means they are the moat perfect
made. Insist on having them for your fine coirreBpondence and vour office stationery. Are yon nsing
Whltlng'8 liCdger Papers in your Blank-Books.
Samples and booklet free.
NEW YORK.
BROADWAY, •
Member N. T, Consolidated Stock Bzohange.
BONDS AND STOCKS
T«l«phone 2886 Cortiandt
WHITING'S STANDARD
They are the only American papers wbtoh have
Bauker and Broker,
56
B*mcht and Sold
For Conservative Investors
At Prices to Net i% to
H. Smith,
Kansas Municipal Bonds
Bought and Sold.
KING
D. H.
MARTIN, Topeka, Kan.
GENUINE
WELDED CHROME STEEL AND IRON
Bound and Flat uars and 6-PIy Platei and Aagim
FOB BAFEB, VAULTS, ko.
Oftnnot be Sawed. Cut or Drilled, and poalUroiy
Burglar Proof.
CHROME
STEEL.
WORKS.
Kent Ave., Keap and Hooper Sta.,
BROOKLYN,
BaleMon'f'eralntbeU.S
M.Y.
THE CHKONICLE.
318
[Vol. LXXVII.
gvtist C^ompHttics.
BEAUMONT
FIDELITY TRUST
TRUST
COMPANY,
CO.,
BEAUMONT, TEXAS.
Kfw Tork
NEWARK,
139 Cannon
8r.
ChicnffOi
139 La
B.
Capital, Surplus
Salle Street.
D.
ILLINOIS,
CHICAOO
R. C.
Vice-President.
President.
C. MOORE, Treasurer.
DUFF, Vice
JASON
& Undivided Profits
over
Capital,
Surplus,
OFFICERSt
BARTON.
nox.
OF
J.
89,000,000 00.
W. THOMPSON, President.
J. n. BAILEY. Vice-President.
I.
N.
London, EuKland,
City,
riue 8ireet.
•i'i
CENTRAL
TRUST COMPANY
HORACE U. LANEY. Secretary.
ALFRED H. EVANS, Asst. Sec
CZAL
JOHN
H.
F.
JEKOItlE
RIoCARTEa
TAYLOR,
FREDERICK.
W
.
CHABLKS
EGNKR,
aompanies.
BROADWAY
135
Aaat.
Vice-President.
DHRLAUB, VlOfr-Presldent.
LAWRBNCB O. MURRAY, Secy & Trust Officer
WILLIAM R. DAWKS. Cashier.
SKINNER,
L. D.
8efi. Sc
DAWB8, President.
A.
JAIHES H. SHACKLETON,
Does a General Trust Company, Fiduciary] and Banking Business, and has special
facilities, both here and abroad, for handling
Ballroad and all other Good Seourltleft.
Exeoutos trusts of every description, and acta
as fiscal agents and registrars for approved
G.
W. IRVING OSBORNB,
Prealdent
Vice-President
Trust Offleer
See. and Treaa.
DHYUEN
$4,000,000
1,000,000
Asst. Cashlet
MALCOLM MoDOWHLL, Asst. Secretary.
Aaat. Treaa.
MAX PAM, General Counsel.
DIRBCTORBi
J«hii F. Drrden,
Jaa.
W. Alexander.
Henry
Redmond,
8.
DIRECTORS:
HARRY RDBHN8,
QRABMB 8TBWABT
BARLING,
MAX PAM,
CHAB. T. BOTNTON.
P. A. VALENTINE,
A. J.
Charlea A. Feick,
Jamea H. Hyde,
Leslie D. Ward,
Edcar B. Ward,
Bernard Strauss,
John C. Elsele.
Wm. H. Molntyra.
William Scheerer,
Anthony R. Kuser,
Schuyler B. Jackson. Henry R. WInthrop,
Daal U. nicCarter,
Mark T. Cox,
Jerome Taylor,
Henry M. Doremns,
Wm. N. Coler Jr.
Otto U. Kahn,
William H. 8taake, Jacob E. Ward,
Forrest F. Dryden,
Robert H. McCarter.
THOMAS
FRANK O. LOWDBN,
BANKINQ
R.
LYON
ALBX. H. RBVEILL.
CHARLES O. DAWB8.
SAVINGS AND
DEPARTMENTS.
TRUST
Maryland Trust Co.,
H
and Surplus,
Capital
The Merchants'
Loan & Trust Company,
$5,000,000.
FORT WORTH, TEXAS.
Chartered, Jdlt
26, 1870.
Transacts a ceneral bankins business, accepts and
pays Interest on sstIdbs deposits, acts as agent for
any approved financial business, manages and sells
real estate, looks after estates, makes real estate and
•ther loans and Inyesiments for clients, oondacts
BortKage foreclosures, takes cliarve of lltiRatlon
and Qoes a general flduciary and trust business.
J. G.
OFFICERS AND DIRECTORS:
WILKINSON, President.
D. T.
BOMAR. Ist Vice-President.
D. B. KBELER, 2d Vice-President.
A. Id. YOONG, Cashier.
B. n. Carter,
W.
" T\« OULut
Safe Deposit Vaalts.
L.
Cyrus H. McCormlck,
Lambert Tree.
22, 1887.
IWe Issue coupon certiflcates of-deposlt for two,
three, four or Bye years, oa which we pay interest
at the rate of four per rent per annum as per semiannual coupons attached.
Issue call Interestbearing certiQcates uf' deposit at various rates, as
%4eflaed In our book of ILLUSTRATIONS, oopies
'
of which we shall be slad to furnish.
We
COHEN, President.
B. LEK PAGET.
&
Secretary.
Philadelphia
••BAXKER8 AND BROKERS."
security.
Interest paid on tlmH dep sits. Acts as administrator, executor, guardian, assignee, receiver,
transfer agent and registrar. Trust funds and trust
investments are kept separate from the assets of
the bank. Loans made for capitalists on city real
•state or farms guaranteed
Large tracts of timber
and agrlcnltaral lands for sale.
Correspondence solicited.
Marlon A. Butler, Attorney for Company.
KefercBces: Portland Trust Company of Oregon,
Portland; Merchants' National Bank, Portland. Ore.;
First National Bask of Pendleton, Ore. First National Bank, Baker City. Ore. The Bradstreet Co.
Review 1875-1903.
29 annual issues.
Price,
WILLIAM
since 1885, $2.
7«ii
J. L.
Blaekwell,
B. H. Gary,
Orson Smith.
L. F. Loree.
Clayton C. Hall,
EXECUTIVE OFFICE,
59
CEDAR STREET, NEW YORK.
Acts as Registered Agfent
and
Pine Su,
for
Corporations
in
New
Jersev
New York
AND
As Transfer Agent and Registrar for Corporations of all States.
NEW JERSEY OFFICE, 15 EXCHANGE PLACE, JERSEY CITY.
DIRECTORS.
CCYLER, Cuyler, Morgan & Company.
OHCAR L. OUBELMAN, Treasurer Commercial Trust Company of New Jersey.
JOHN W. aARDENBEKGH, President Commercial Trust Company of New Jersey.
RO BERT 8. ROSH, Vice-President Commercial Trust Company of New Jersey.
WILLIAM C. SHEKWOOD, Vice- President of the Company.
EDMUND W. WAWKLEE, Treasurer of the Company.
GEORUE W. YOUNG, President United States Mortgage & Trust Company,
JAME8 C. YOUNG, President National Realty Company.
COMPANY,
TRUST
COLONIAL
Broadway,
Paul
St.
]Vew York.
Building, 222
Bonds bought and
sold.
Financial
Andrew D.Jones,
Brooks Jr., Joshua Levering, Geo. C. JenklDS,
John B. Wilson
Lloyd L.Jackson, James Bond,
H. A. Parr,
Q. A. von Llngen, J. 8. Lemmon.
B.
C. C.
Securities Co.
McKAY BLDG., PORTLAND, ORE.
•
Capital,
$100,000.
The
W.
Wentworth,
I
Loans on approved
ZIMMERMAN, Asst. Sec'y & Asst. Treas.
DIRBO TORS:
in Oregon."
OF OREGON.
Oregon
S.
Henry Walters,
Brskine M. Phelps,
J.
President.
HENRY J. BOWDOIN, Ist Vice-President.
LLOYD L. JACKSON, 2d VKie-President.
ALLAN McLANB, 3d Vice-President.
CARKOLL VAN ^KSS, Secretary & Treas.
C. StripliDK.
Tnut Oompani/
Incorporated April
I.
and Trust Ttudt,
Wm. A. Marburg, J.WlllooxBrown, J, A. Tompkins,
B.N.Baker,
S. MandelDaaia,
H. J. Bowdoln,
Leopold Stronse, Fred'k W. Wood, John Pleasants,
DIRECTORS:
PORTLAND
TRUST COMPANY
BEN J.
$2,437,900.
for Court
WILLCOX BROWN,
J.
Moses
82M25 000.
-
leonrlty. Allows interest on special deposits. Aets
as Trustee under MortKages, Assignments and Dee4f
of Trust, as Agent tor the Transfer or Recrlstratton
of Stocks and Bonds, and for the payment of oonpoos.
Interest and dlTldends.
Accoants Solicited,
Trust Department,
High Grade Bonds,
Ftreign Department,
Savings Department,
Geo. Thompson, J. V. Goode,
E. P. Bomar,
R. W. Floumoy
Morgan Jones,
Legal Depository
-
Acts as Financial Agent for States, Cities. Towns
Railroads and other Corporations. Transacts a veaLends money on approre*
eral trust business.
1857.
CAPITAL AND 8VRPLU8, 86,000,000
eENEBAL BANKING.
Marshall Field,
Albert Keep,
A. H. Burley.
Bllas T. Watklns,
Bnos M. Barton,
B. D. Hulbert,
Btraats,
BALTinonE.
SAFH DEPOSIT BOXES FOB RBNT.
Chicago.
ESTABLISHED
W. Corner CalTert and Oerasan
CAPITAL SURPLUS,k.
CONTINENTAL
BANK & TRUST CO.,
.
|4!>.
Single issues
DANA
B.
cor. Pearl,
CO.,
New
York.
Capital, Surplus
and Undivided
Profits,
$2,400,000.
Transacts a General Trust and Banking Basiness.
Allows Interest on Daily Balances.
OFFICERSt
JOHN
K.
BOBNB,
BICHARO DELAFIBLD.)
CORD MKYEK,
Wlce-Presldents.
JAMBS W. TAPPIN,
>
President
ARPAD S. GR08SMANN, Treasurer
EDMUND L. J UUSON, Secretary.
PHILIP
S.
BABCOCK,
Trust
Officer.
TRU8TEE81
Henry O. Hiivemeyer,
Annon R. Vlo'wer,
Lovfcll M. Palmer,
John E. Borne,
Richard Delafleld,
Daniel O'Day,
Cord .Meyer,
Perry Belmont,
W^m. T. Wardwell,
Frank Curt Ism,
Henry N. Whitney,
Vernon H. Brov^'n,
Tbeo. W. Myere,
8eth M. Milllken,
Meweira Webb
I'erclval
Knhne,
W
L. C. Desiiar,
Geo. Warren 8mllb
John
8. l>ickerson.
Geo.
W. Qalntard,
JameH W. Tappln,
@FedFRASER