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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 64i8 • 61 66 <4 iii^i •2 33 15 •23 90 40 {22 av, 30 Vj 9II4 84 115^1l5ie 11276ll5'a 110 43 Si •25 •5 •68 5 16V, 6"- 22 85 18 40 •25 35 1761a 180 o5 186 8 22 HI 85 84 \^V> prof 162 C..S- K.l.coiii stock trctfs SI. Soiitliwostoru.. Loui.H 13'a 2/'j Do I)'"''' 42\ southem PnoiJlc Co -"'f southcru v.Tr. cfs. siiupea M. 285 Sh n res Lt(jiSFr.JPM<ftC"octts Do 81% 81% 70% 221 37 30 82 27 40'y 32 't, 22I4 115 22 18 26 IV,* 7ii.j 46 226 • SlVj lis '4 26 17»a 3734 838 9>.j 120 'HT's 90 -»3Hi 60 30 22 Si 22 Sj •90 •115 116 »118'all8>s |132>9 1321a 10 72 •68 •70 72 •192 200 '6*4. 6S2 36 17=8 18 83 ly 83 >a •eSHi 86 43 45 '5 •SV* 16', 6 23 914 18^ 18% •ci8 4185 5 •29 Sj 30 eom -90 120 84 25 80 191, 71=8 IS 2912 14 15 13. 2534 4034 68^4 40 36^4 162 13 27 42 "i^" * 31 83 83 '^ 29 »8 2934 18 15 93^4 3S>4 10 3»a 20 eis 90 30 185 25 8 4 32 H; 85 30 •221 160 12 2413918 171a 22 113 22 28 Ki 15 •48 1334 2910 4134 45% 46 47 24'4 20 •110 113 22 V, 20 •1734 20 161-i *22 27 25 S734 S934 92 1« 25 •» 117 23 20>8 34^1 44 158 19 79 "a 82 19 2034 1 the '76 69 48 150 3939 I718 42 s 74 85 '4 13^1 IS 40 40 20'< 21 >a Si 2"! '.J 71 S4»8 37 38 "40^"41>8 30 '4 85 38 o-'S* 90 30 185 8334 17 S5 »a0'4 14 30 17 >8 17^8 221 41 14 29 41 19 29 »9 30 150 13 25 165 24', 25 45 4934 •113 23 19 27^1 93 118 •22'4 9t> ?4»l, >2 25 >a 26 26»2 118 69 •65 47 •155 70 Sol 165 Hales STOlMv \0\\\<. EXCHAXGE St. • lis •60 •50 •J5o 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-« Ask Lou BlU Q.J loo's 107 U S'Js cousol Coiiv>ou loOi-jlOT cUvl;U> ^i J U S 'Js cousol TVS siu;iil..itUUiO U S 'Js cousolcoupsmall.cni'SO ^ J U S 3s roaislercil I06'-;lo7'-^ tH'l> U S OS coupou loo's 107>s viyis U S 3s ret; sinaU bomlS-.fcUtlS ii V S 3s coil small l>oiuls..i.'lt)lS vJ-E 106^ iiomio'4 U S 4s rejtisteretl A10i>7 AIDOT ^J U9i4ll0'< U S -Is coupou 131 135 ll>'_'o <^F U S 4s reitistereil l:i4V» 133'4 IS'.'C' V S 4s coupou lOl^^ 102*4 1004 U S 53 reiristere«t lOl^i 102^4 ll)U4 y-F U S 5s coupon b- Foi-fiioi iioveriiiueiit FrauUorl-ou-Maiu 3S2S ser U 1.. MS J hete Stnle Securities 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 Louisiaua uew cousol 4s.. 191 J-J Siua U Missouri luutliuK 18U4'19'.)5 North Caruluiu cousol sit oi are pr 120 Small ices tnarks Apr '03 o n U^e b JJ to o atii 104 Xov'O' loOi^J'iy'ol 120 .Mar'OI 94 J'ly '03 94 '4 Mav'03 98 '2 Oct '02 *95 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 .M nil i>ee Aui Dock >b Im tiee Cent ol Ann Arbor 1st s 4s Atch X it S b'v geu k XJ /tl99o 4s... Resfiste leil 1995 A-0 1995 A-O /il995 Nov /41995 Xov /il995 M-N AtUustuieul g 4s Kegislereil St&mped Chic it SI Louis 1st 0S..1915 M-b Atl Knox it Xor 1st i; 5s. .1941 .1 D Atlantic Coast 1st ^ 4s./( 195°.' JI S Atiauticit Dauv Ae« South K.v Atlaulic <t Vadk Hee South Hi ilreHuu Pacilit Austiu it N Creek >t S dee Alich Ceul Bat 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 S7»4 88 75 J'ly 03 . ... 85=8 84 84 Sale SaYo "s-i" 94'-^ 114>2 0ct 'Oi 93 93 Sale 93 W KeKistei eil Golil4s /t 94 /tl94r Kegistereil /ll94^ w-J Couv deb 4s 1911 M-!S PJuuit il Uiv 1st g 3 '•281925 .U-N pl925 Kexistered PLE& W Va Sy.s ret 481941 ^ N /il925 y-J 1st gu g 6s. .1919 Ist cg4'2S..1930 il-S Kegistered Ceu Ohio K Beech Creek See X V C & H Belle V <t Car nee llliuuisCeni Bklyu it Moutauk nee L.oug I Bruns dc West nee Sav Flit \V X Y Krie K & P gen g Butfaio Baflalo <fc AU CI mill "89' 102'3May'03 103 Apr'OS 88 ''s 88 "u 95 1011. 99>2l03>.2 100»8l02-'>8 100 SSi-i 106 91 5s... 1937 M-S g 0a...l921 FA 96 95 97 \ 86 "a 8934 873. 101 108 Sep '02 113 115 *121 J'ly '03 115 103 Apr '9 124i4J'ne'03 12538 J'an '03 . 118>2. 103 J'ne'02 02 121 J'ly '03 II8I12 I2414I28 125 12538 dl951 J-J Registered Bur Cedar K <t Xo Ist 58.1900 J-i) 100 101 »2 Con 1st it coltru8tg5s..l9a4 A-U Hegistereil 1934 A-O OKI Fit N W Ist gu OS. 1921 A-O 108 >2. Ist gu g 13 South Ist 5s I. 1927 J-D 1906 J-J 1913 M-S 2d 58 191:; Hegiatered 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 Cen Branch Ry See Mo Pac 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 Chatt I>iv pur mon g 4s. 1951 J-D Mac <fe Nor iJiv Ist g 5s. 1940 J-J .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 FA lll>3 J-D this week, lll>v 11334 11334 J'ly'03 .... llli-i a Due Jan 101 MS iV'i 98 97iaJ'ue'03 93 104 98 •85 81 M-N O Sale 801a 81 80 7034 Sale 7034 8334 10434 71 7 A-O J-J J.J FA F-A J-J J-J 101 J'ly'03 8913 901-2 9oi4Sale A-O A-O M-N M-N M-S M-N J-D .\I-N M-N J-J J-J J-J J-J J-J J-J 1017(. 101'.2J'ne'03 J'ly '03 1013gl04'fl 10334 1081* 100 124 "a J'ly '03 108 J'ly'03 124'al303« 108 1131s 106 •-. , 11334 Sale 109 lloHi 107 JJ J J 125 115 J-J J-J J-J 170 10' J'ly -03 10434 Jan '0 107-'^ 11034 J-J 120 170 178 111 111 1061a 112 116'aApr'03 1161.2 1161a 11334 llSSs 11334 11334 1171a IO914 Ill's 11334 XI 334 lU J'ly'O 11334 J'ly '0 1 09 14 J'ly '03 137'-jJ'ly'99 116 1'20"» 107»8lll''g HI May 03 1061a J'ly '03 HI Dec '02 116 111 10 iVe" il93i . 10738 Aug'02 183 Feb 'OS 115 May'OH 10313. 10514 J'ly 'Oo 183 186 114 115 105 '4 10514 uo'nJ'iy'OH llO^s, 1131a . llSiaJ'ue'OS 112 J'ly'03 113 Muy'03 lit; J'ly'03 112 'e 112 113 116 . 130'4 J']y'03 I3OI4 134 101 .100 lOiKiMay'oS 10638 Oct '02 100 J'ly'03 ... 103 X'ov'98 112 May'03 110 Is May'03 108 J'ly'03 103 J-J J-J J-J no J-J 109 . J-J J-J J-D J-D Q-F 108 . HO34 . 110 114 129 . .M-N 10634 Mar'03 ioi'isios'i 1051.2 1051a M-N A-O A-O M-N M-N 105 'a Dec '02 108 J'ne'03 114 Oct '01 116 '-2 J ne' 03 123 Mny'Ol FA IOOI9 10438 108 113 117'8 105 11038 8 1361a 15 113 laiSg 105^8 J-J J-J J-J "a 105 J'ly'03 114 J'ly '03 105 J'ly '0 130 128 J'ly'03 113*4 114'; 114 H4\ 120 Dec '02 llOis. 120'%Feb'03 107 »8. JJ ^^J JJ 101 891a 97 109'aAug'Ul 100 J'ly '03 1051-^ .\o 791a 104 103 Is 11334 MS 100 45 831a 11438 Aug'02 107»8100»8. 101 03* Apr "02 Apr '00 A-O & Des M Ist 5s.. ..1923 Chic&StL ibeeAtchT&SaFe X O iSee 111 Cent Chic St L " iia" 98 la J'ly '03 Registeretl Keok io6'i-3io634 lOO'-^Oct 'O Sinkuigfund . . . 110>all2 111 114 1141a 11934 1 1131a 117 113 119 104 "a 99 101 112 112 UOisllOi* 106 1091a 10634 10711 loa'e 109 108 112 U5iall8>3 lO'Jia 103 .Vl-S MS MS Xov'02 Oct '02 105=8 May'03 106 108 '4 10434 105 14 M-N M-N 1113a I2718 M-S 130 la J-J 12858 *98ia FA Ui^ 1141.2 FA lu5Si, 105*8 II539II538 127=8 13238 11538 Api;'03 127 Is 127 's 1141a 142 133 107 M-N 109 J-J 12118 J-J '12118 J-J 100 Sale J-J M-N M-N M-N M-N M-N 87 .M-N 75 M-S 73 la Sale 91 89 90 99 '-2 Feb '02 '6 Is May'03 Feb '01 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 A-O 71 -a 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 108-8.... 115 J'ne' i<lt Gns nnd J'ly'03 J'ly'03 1303) i30«4 r-'0-'„ M-N .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 :r5s...l93S J-J Rejjistered A JJ Illinois Central 1st g4s..l951 J-J 93 65 & Clev* Mahou Val S it W NoV'Ol OInd&W Har Since Janvary I Ask Low J-D H 1 . CCC* al Kanye or Last' Sale J-J W Dec '02 Mtty'03 104 ' 7 J-J llalHA H of 1882 Isl 53.1913 A-O 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 / -M 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 Ask Low 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 .. '.'.'.'.'.'. '.'.'.'..'. 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 'J 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 .\l J-D M»y'00 105 J-D 140 144>i2Apr'03 144Vjl4r)\ lui\.i 1st gold 78 1909 J I) I'ac.tie Ist irold 6e...l9-Jl Soiilii West Ist g 78.1910 J-D Ill Feb '03 123>aApr'03 121 Jan '02 110^4 lHr'4 St ct Ist gold 78.. 1927 1. Ex Ex AO Ex l8t consol gold 58 1934 il-N l»t anil refund gold 4s. .1949 M-S Minu & M M CK N gu 1 93() J-J gu 1920 J-J St L gu See B & IM St 5s sU>d 4s iut Ss M Jc A 1st g 4 int MStP&SSMcong4intgu'3S FA 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 *115»a 112 97^4 Sale 113 1231a 23 >2 1 J'ly'03 98 '2 9734 112'al20»g 11 97»4 1033^ NotOI 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 J 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 Not '00 115^8 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 M N Q-M M-S 95 Sale 937,8 95 Hi 303 9379 107 >• IIOI2. nnd Telephone trDueJ'ne A Due 96 Hi Apr '03 J-J Q-J 96Hj 100 Hi Apr '02 f.i 96Hi 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 Amer Bicycle s f doben 5s 1919 M1915 Q-F 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 No Westn Telog <S'ee West Un West Union col tr cur 58.1938 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 J Coal and Iron Call Coal Mln iSiee T C i A R Ool C A I Dev Co gu K 58.1909 J-J Ool Fuel Co gen gold 68. ..191 Ool a A 1 Co gen s t g68..1943 104 9fi 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 Pac Coast Co 1st g 5s. ...1946 J-D 103 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 Guar A gu g 4s. 1930 LEA 1922 J-J Registered 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 Registered 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 S S 1 . B Bi • to sJS^JS 5 if at iiiril 4 3 gi ii Si: : : m 'IS. il ? T II Ws it 1 i a 1 K 3 S Sit: B • 3 S A T • Mil H M H 00 b. 00 bVi'^eoM tOCntCQDOO c;>»oxmo M-JCOO"© M00O-^«* a M at»«4(oo <]biui'c to 05 CD ^ >> >1 00 > . '-' M «JO0 X OJ -a oo'to , I^CO ; ata ueouooco MeoNacoA VKXiCDOt-' 1^ MtO M» O»«36»JC0 « ow ^ X><! •>5 «£> 01 01 a> "bi'so (ov <tM 10 (-QDObOlO ODOlCJl^O Vo m^ CC«k m OK^ 10 CO ^^ o> 0.VI ooo p 00 H. ^ 09 oa cota 00 IfD »©«0-<I 09 09 M ^'O a oa 1^ "5 1— "^S CXCH rr, COO -" ^ 01 -C kSCOtOloCO *>-i0.*O -• § 39 pdQ(0(op oloaoM '-' OltOOil^tO i^;^Q0 3>eO CdtOMOiCO CO 1— M <r> 00 top M 0D« •a» KOO CCtOOD I^^CK C^ 10 K) 3J Oil» a 00 lo OS •0 CO*. c <o to 1^ ODOi cxaotoco aco ^u< 0»w )-< ' -j-fl»^>-' vif(aro<t w OiOO A. OM I-"* OOM K>.Ol K to Cd p St• t • S s 1 WW ^« hSOO • Ii! i i « 1 c ^^ococo MM .J 1-1 Kk OJOO^I^OO CO M OWmVoj C7l-40A^ 0,b|f.<]M MocaVoo e^tO'-' 0^ <]00QDUIC3D OOMOKIO MOCOtOM Ml-* CO*>.MMM OCD»_-4p 0D»ob5*^*ta tf» CO X»w OJ»<iooO M Cpi-^tOM » MCO 00 -4 a> I^W '>1X '-«l-*03«S ©^j aiVob CO M 0) cw cocxxit^o MtS 0) p c^^jtooco J^ poo Nip Od*^ MV -J" 00 X «. OsfflMO-" » 05 to 00 eo H w X M on «> CD 00 -J t9 eo i«k p X M eo CO ts 'j< « s 9 * 1 1^ *>• » 9 n W to tnC O^lfk r-O0*vxco >4 3<Cn-Jitt' c COWOICOM MC0 05lb(0 05© -J^OI t> a CO -a 40 OS* '((^.'^VoVota OiCOOOO <l to^^wooos ^ S m S ? M a a m «4 'A I! n H H M »saat.aM ~4MO>^Q0 4 H ^. <im'-iodV f. 98 cog. K »t: •a cooosncd t^ C3>a ^j * •B M M ^1 CO X *k -•* ei couioeo-' en »a (» » i(>.ao<ooco l^«i VIKlO OaMGOOJl^k ti'-v>ov •^ Mtao»o>eo CO Vl-J "- ro t ^oc<:^^co ^r- M n3M coco J* »-• Cn-JWb3i- t ©•OQ0 3)© t3 ox w as eo 00 CO t^ l^l^tfiC'M CO % QOMCOifkao MMfOCON tofoio y<<] J K» OC fd c*. ^0 OCO • ^ Q0!£)<a>05** ">-' ecu i -JCfli^COCO >] 00 COO) .4 ptOjj:*».M oeM eo- p-v > MMM_««-M -ll ^ 00 a ija '^ v3 w Itk O3co9<;yao to* te 10 MKO -J< : 41 H e M 05 AO 00 ^ 00 w w ' M-JCOW» -1 MMCOeOtO w T »a wo <s> : ^ Vo<aoc<9i^co w m CO ooa <i J Si 1 t>. . |m I co'ciVmoj b !0 01 i^a pw cn^ OiA l-M OOQ ^ Vll} w MM M pp aco OS" «C0 (OOlCOOS'A 01 to M^ 00 lUO. »k3i|^ pop 'to*- on 0) 00 1^ ib>4 i(^<>. O-.lft' *)<! OJ MMtCOIW 00 CO 1^ IP' 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,