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.

—

1

.. .. ..

3

nmiHttria

..

'waA

^Entered according to Aot of Congress, in the year 1902, by the William B.

VOL.

SATURDAY, AUGUST

75.

CLEARINGS— FOR JULY
ALSO SINCE JANUARY

1902

1 1902

AND

AND

P.Ot

1901.

1902.

1901.

*

$

Philadelphia.
Pittsburg
Baltimore.....
Buffalo

Washington..

AlbanyRochester...
Scr.tnton
Syracuse.

Wilmington.

Bingham ton.
Sreensonrg..
Chester
Frederick.....

106,993,975
81,869,250
18,730,916
16,833,643
14,891,443
8,974.047
5,718,951
6,241,959
1,884.100
1,903.845
1.702,338
869.714

100.91 0,014

86.t8W,H50
11.687,938
18.658,571
10,334,882
6,873.404
5,610,188
4,639,661
1,610,100
1,767,687
1,809.296
668,682

+8*0
-5-9
T-14-4

28-1
I4-41-3
4-18*7

+9-1

P.Ot.

I

728,669,477 -38
178,778,186 -20
88,530,579 4391
90,737.756 4-11-5

44.861,76".

89,816,093 411-4
85.691.860 410-8
28.634,801 -t-14-6
11,756,100 -6-8

+4*6
4-7*1)

rSOO

+ 1-1

4-160

71.934,88(1

11090,61s

4-0-4

9.384,273 4-10-0
4,477,487 4-107

Total Middle 7,630.639.160 8,879,448,946 1-9-3 40,607,877,031 50,595,693,123 -18-6
638.805.814
606,167,029 •(-8*0 4,108,956,267 4,310,003,160 -5-8
Boston
Providence.
38,799.300
81.866,400 -e-e
906,947.800
202,866,000 42-0
18,851.943
84,055,900
Hartford
14,598.036 -86
81,934,860 43-8
.

.

New Haven
Springfield..

Worcester..
Portland....
Vail River..

Lowell..

New

Bedford.
Holyoke.

Total N. Hng
Chicago
Cincinnati
Cleveland.
Detroit
Milwaukee.....

Columbus
Indianapolis
Peoria

707,845.484
708.061,487
97.788,980
78,085,460
44.788.991
81,077,880
37,115.800
88,0- 2,611

.

Toledo
3 rand Rapids.

Dayton
Brans vllle
Akron.
8prtngfleld,Ill.

Lexington

Yonngstown

8.660,9-6
7,404,688
7,881,806
7,061,006
3,700,079
8.391,801
8,448.810
1,806.881

.

Kalamaioo...
Bookford
Canton...
Springfield, O.

Bloomlngton.
QuinCT
Mansfield
Jaoksonvllle.Il

9 798.850
18,881.711
7.800,978
7.188,808
7,801,104
8,319,700
8,884,777
8,506,311
8,0(9,110
9,860.704
1.873,349
1.098.884
1,696,888
1.303.802
040.417
010,608

864.745
767.970
811.880

7.554,115 r-ll-6
6.785.604 1-10-8
6.8HS.038 +5-8
0,069,870 416*8
8,013,151 -54
9,604,006 -8'0
1.070,011 -t-28-e
1.788.706 +0*6

52.587,088
47,037,781!

60,868,176
43,670,991
20.780.179
16,986,056
10,161.367
11,677,848

47,106,358 4-112
43.181,800 410-6
44,186,7
87.917,765
84,860,116
17,493,088 -8-8
18.785.658 417*7
10,872,8*2 4-7-4
1

-4*0
071,069,140 +6-2 4.003,004.991 4,897,023,859 411*0
090,131,044

4,668,818,868

-T-86

-r-41*0

087.684,050
490.904,807
810,149.711
190,055,218
998,490.80c
161,978,000
78,041, lie
80.437,411
46,820.978
48,000,979
31,497,30!
10.844,600
18.398,048
16,789.098
18,114,018

4-81-9

14,046.141-

81,817,800

-r-19-6

06.991.9fi6

+0-1!

60,908,940
97.634,448
98.988.900
19.007,444
9,169,200
10.7S9.071
0.959.088
0,409.033

-18-1
t-18'0

4-98

+209
+0*8
t-88-9

4-16*0

+80*6

4.608,581 469*8
9,008,100 90-0
9,178.068 4-90-0
4-16-9
8,141.1

9,071,057
1,005,038
1,014.819
1,065,004
1,488.887
1,160.811
1,066.755
866.803
760.378
839,048
818 804

+8e

11,801,817
14.557,918
11,837,180
10.170,747
8,048,540
0,830.078
0.807.686

f-10-4

418*4
4-19-4

-11-2
4-241-

4-126

4,868,690.179

094,010,950
406,818,627
907,668,100
183,600,881
188,020,400
112,860,794
08.689,726
66.518.639
40.600,008
35.688,004
29,490,840
10,065,300
10,389.160
10.639,805
18.380,881
19.640,906
10.410.885
10,848,30;
0,604,013
7,010,881
8.886,709
1.776,848
4,090,970
4,339,851
9,1«7,699

48-0

16,394,688
11.779.610
7,100,952
5.409,807

Spokane...

Tacom a.

. .

1,86 ,969
1,125,132

9,468,902 -181
1,900.101 4-42-4
007.069 4-18 8

07.989,508
70,829,856
10,407,471
87,044,78£
16,330,518
11,000,606
7,740,849

104.467.986

172,988,299 4-18-9

1,281.650,097

Helena

9481,001

Fargo
Sioux Falls
Total Pacific
Kansas City.
Minneapolis..

Omaha
St.
St.

Paul
Joseph....

Denver
Des Moines...
SlooxClty....

Topeka
Davenport,...
Wichita... ....
Colorado Sp'gs

Fremont.
Tol.
St.

oth'rW

Louis

New

Orleans..
Louisville

Houston

,

Galveston

Rlohmond
Savannah
Memphis
Atlanta....,..,
Nashville.

Norfolk

Augusta
Fort Worth...
Birmingham...
Little Rook....

Macon..
XnoiTllle
Chattanooga...
Jacksonville,.

11,748,620 4-80-0
9.106,46(1 4-80 9
6,193.047

78,418,781
65.808.890
89.142,808
84,617,103
19.C96.364
18.504.484
7.870,178
0,880,117
5.124,437
4,045.64
3,814.344
8,736,974
693,418

364.454,818
809,888.360
49,698.084
48,187,411
18,370.881
0,838.000
18,669,798
11.493.679
9,851,198
8,080,441
7.104,411
0.708.278
8,809,881
7,885,667
4.040,389
8,706,831
8,696,000
8,301,207
3,917,948
1,513,431

4,818, 158

84,058.198
48,041,869
87,077,414
80.880,097
22,839,861
17,790,108
6,460.400
4,938,348
4,568,001
4,811,000
8,230,388
8.805 10(J
69O.960

+26*8

-7-4

71.686,818
61.717.500
80,410,658
88,144,810
80.980,000
9,080.401
6,092,834

!2-4

t-19-e

4-689

47*8

429 6

4830

Montreal
Toronto
Winnipeg
Halifax
Hamilton
Vancouver..
St.

John

Victoria

89,071,273
64.448.138
15,808,789
7,608,638
4,028.8«!s

5.0-9.804
4,006,413
2.372.8*10

Tot Canada.

Table

192.183.wi3

4;ien.rlng«

80.103,018
68,867,007
n.818,186
8,818,271
3,555,947
1.810,620
3.8H0.177
2,806,686

019,241,830
488,498,424
00,918,381
51,852,823
26,221,173
29,719,378
21,289,030
16,958,092

-t-21'9

4-700

-12b
4-13 3
4-10-4

4-8-0
-15-6

165.759.«15 416-9

1

.335.726,089

by Telegraph on pane 11.

,

,

,

Grand Rapids
Dayton
Springfield, 111

Lexington

Akron
Kalamaioo

-

,

<

Bookford..

-481

Spring-Held, Ohio..

-17*0
--88*6
8-2

Canton

4256*
410-6
481*4

Bloomlngton.
Jaokson

Jacksonville,

Qulnoy

Ann Arbor

Mansfield.
Tot. Mid. West'n

San Franclsoo
Salt Lake City

4800

Portland
Los Angeles

4-28 6

Seattle

458-fl
4-11-8

Spokane
Taooma.
Helena
Fargo

-18-4

Sioux Fall!
Total Pactfle

Kansas City

4-266

Minneapolis

4-10-6
4-13-4

Omaha

288,834,686
188,760,140
14",878.C67
182,882,070
180,884,041
47,470,106
87,601,597
31,091,101
29.802,820
15.868,207
27.447,811
4 886.168

4-19*0
11*8
28-8
17*6

44*1
vl*4

429*0
424-3

4280

4
4

4188
4-46*1

-7*0

46*8
005,410,028 422-5
354,561,035 432*1
B8,697,69W 464-0
4u.638.0S5 44 7
24,234,465 -4-8*2
25.293,336 417-6
22.351,399
f-4'2
IP.768,06"
15-0

1.058.H65 374 4-25-8

111...

St.

,

Paul
,

Joseph
Des Moines
Davenport—

,

,

Sioux City

Topeka

,

Wlohlta

Fremont
Colorado Springs.
Tot. other West.
St. Louis
New Orleans
LoulsTllle

,

i

Galveston

Houston
Savannah
Rlohmond
Memphis

,

,

,

Atlanta

,

Nashville
Norfolk
Knoxvllle...

Birmingham

Maoon
Little Book
Chattanooga
Jacksonville
Total Southern..
Total all

Outside N. York.
Montreal

Toronto
Winnipeg
Hamilton......
8t.

Victoria

Vanoouver
Quebec.
Total Canada

.

.

036 019.481 1,178,762.208

-13 4
-la -a

109.000,239
0.639 100
8.852.229

-1-8
416-0
44*1

414

184 496.831
195 794,608

410 8

18.844.200
8 827.370
11.058 094
5.710.400
4,964 700
8.080.654
1,774.301
2,404 674
1,000.876
1,097.098
648.648
947,603
460.045
607,203

-71
+6 6
-868
411*6

-4-7

-8-8
411*0
41*8

4-46-7
-4-10-1

4108

8 012 848

4-86 6

1 178,000

4*0*7
+io'»

846.851
876,846
484,204
484.803
440,000
878,612
878,293
971,012
892.091
160.010
868,886
846.821
178.606
00.000
80,000

2 201 082
2,850,052
1 860 706
1.151,978
1,080,677
959.065
431,800
270,000
269.000

426-1

—12*4
+11*0

072688

85,807,880
85 639.401
17,475,887
4,411,290

—113

162,170.884
183.776 291
16 017000
10 001.668
18.684 801
6.036 876
8,041,700
4,607.161
2.169.607

4131
485-8
450-0
47-4
484-7
436-4

4101
484*8
+8-1
414-6
416-5
-10-8
46-6
430-0

4H8-6
412 8

460.000
880,000
891.668
865.410
271.176
168,904
340,000
934.101
185.000
65.000
183 013 052
81,871 055
1.868 800
1.665 679

126.608.840
6 411.200
2 680.620
1.682,162
1.448.633
1,217,306
1.608.180
786.187
400,481
488.476
800,008

143.878.278

183,066.478
14,178,850
8,681,704

10 706820
4,802.787
4,408,209
9.518,614
1 830.109
2.423 057
1,010.017

092 899
789,498

986 825
806 677
883.487
844,100
802.400
330,804
866.348
268.058
118,188

831,531.045

805.2*5,577

96.816 009

8674,006
9 810.615
3.804 276
8.448 007

26.623 473
2.886.106
1 830.000
2.898 888
2 787.105

1,118,160
1,271.468

1,008 848
1,078.568

060,790
859,616
996,699

786.878
847,414
101,880

-98
4484

440-4

8.101.168
2,570 080
010.049
1.040,669
701,751
240,708
146.108

42.779.908

4-10-0

83 601 829

80 868 808

—1-0

4904

18.085 981
9.007 070

11,680.018
8.681.146
0,568.168

-89

6.678682
4 675.847
4,718 880

764,405
1,151.888
1,171,972
470.688
180.142
600,000

38,676 731
10 186.036
8.837,899
6.885,893
4,385 068
4,147.800
6.757 166
1.210.058
1,158,800
076.072
086,816
405.380
140.000
717 617

04,901,120

64.226,631

4-1-8

46 608 694

41 893 250

41400815

10,800,000

6,553 514

608 430

8 004 676
2,610 600

40-8
467*8
411-7
-10-8
427-6
-15-1
-6-4
—7-1
487*9
-5*8
-0-4
-16-8

28.157 887
6.050 231
8 462 340
2 818 00C
9.195.000
3,083 498
8 109 011
1 058 21"
1.909 862
1.947 463
1,169,719
7 18.090
460 182

19.000.000
10,700.000
6.084,460
8,806,861
4,010,818
1.788 765

2,007,000
4,600.169
9.496 816
8.676.042
1,703,018

1,716861
1.806 608

-

3.643 076
2.038.801
3.819.019
1.887.189

1849 812
1.488 812
1.888.038
784.050
600,101
1,051.848
718,486

4-1-8
4-23-8

487*1
8

-4-68

496*9

440
417-9

+1-5
482*9

-80-8
4-481

-474
+1811
-4-18-9

—6-1
-10*0

—164

3,713.321
1.887,116
1,088.870

817,881
837.786
486.616
116.871

178.066.886

18.521 553
2.350 590
1.309.701
1,770,458
3,405.064
1,914,174
1,079.200
717.714

240600
161.166

8975,684
8954.419
8,680.983
1,854.856
1.016,696
706.076
486,577
473.181
104.149

40.601 201
31.893,080
5 949.767
8.177.670
2.488.450
2,110,074
2,080 860
3,197,875
1,413.403
1,857,985
1,204,166
1,101.580

4197

730 380
044 000

-t-8*8

888.167

416-3

906 050

.817.008

398 234

018,000
479.015
386.883
808 408

710,808
056.070
800,159
084.180
430.000
968 338

4-4*6

193.801

85.856,371

80 500,413

8.244,058,050

,877,884 803

46*7
410-6

145 408
64 166,268
631 826 473

787,740.921
20.588 751
IS 803 381

634.469,693
16.190 056
11.548 080
9,067.906
1,750.000

64 996 181
,388 405 8"!
606 431 078
19618,328
8 836 931

743,097
707,632
651 088
1.080 259
1.877.377

John

212186

183.807.861

8 669 290
1 488 989

Halifax

472 900
296 197

346105

611.618
688,767
1,885,000
078.871
081,000
801,028
450 000

Fort Worth

4-7-4

46-2
+0-0

739,086
489.429
800,866

1.903,106

Augusta

—36

428 8

894,816
363.000
378,486
840,991

302 642

Denver
St.

•

1,381 280

-2-8

1899.

782 61.789 1,029,869,476

1,3(0.003
1,300,717
1.113.627
1,049 607
666,301
406,840
886.268
268,859

168.986.0f8
18.863,060
10,087,402
16,101,018
6,117.608
8,800 000
0,370 179
2.404.662
8.177.667
1.764 706
1.418,141
067.693
509.381
651,808
590.619
000.000
005,119
381,487
864,911
864.000
198.800
804.280
980.106
183.800
66,000
170,878

,

Olnoinnatl
Detroit

-10-1
-14-9

40*5
416*8
417*8
4-27*4
8,180,067,603 2.764.824.308 418-3

4-11*5

,

Total New Brae.
Chicago

47-7

496*9
497*9
1,075,116,688 410*6
510.818,986 40*8

Total South. 42 1. 069,618 981,548.47a 410*
I0190785.H46 0,869,7X4.198 48- 67,618,419,858 3,417.770.312
Total all
Outside N. Y. 3.687.131.305 8.287.8E 4,484 +91 84,137.005.860 2 ',601,186,892

i

Holroke

4-47*8

417-4
414-0
47*7
488*9
-3-8
44*4
-10*1
44*9
416*9
4l2*6
42-8
-8*7
-2*8

445-9

,

New Bedford

Yonngstown

1,288,040.638
330,003,868
874,709.893
112,660.088
108,808,600
121,018.718
00.981,108
88,031.019
09,401,600
45.138,441
49,088,770
86,787,300
41,010,098
27,090.867
17.011,695
10,239.000
18,656,640
13,248.701
9.138.704

44*2
-o-o

New Haven
Springfield

8.

19-10.

1.015,918

,806.688.051 1.346.570,167
117,538,844
135 684 317
6.887 700
6.888 900
2.019.188
9550.268
1.618.800
1.408.910
1,408,846
1.853,518
1.400,430
1,601 447
1,866,672
1.908,898

Boston
Prorldenoe
Hartford

--17*0
-10-0

-

1,512.740.050
883.708,648
296,097,643
155,597,174
09,308,000
196,810,300
89,908,607
92,303,108
69.000,148
50,824,694
43,260,699
38,531,884
41,044,881
31,036.878
28,167,467
19,324,000
21,708,098
16,643,801
11,689,066

4-81-8
4-6*8

668,710

Total Middle....

Bvansvllle

106,654,614 40-6
88.887, 178 484*6
87,366.290 t-15-6
18,846,679 4395
18,881,000 -28 6

-8*0
40*9
-5*7

Va.

Woroester.
Portland
Fall River
Lowell

190a

88.417,837
81.016 335
10,64 1.320
6.067 347
2.405,365
2,570.806
2,079 399
1.033,006
1 243,883
980 661

858.100
899.405
411,651
658 488
680 078

420 484
603 785

Wilkes Barre

410*7

4u*2

2 ',183,114
10,453.007
10.419.089
7,116.287
6,713,011
6,440,860
8,019,088
4,979.253
3,8-5,981
2.461,033
2,408,000
2,640,070
1,703.700
1,480.851

,

n heeling, W.

Peoria
Toledo

1,690.478.171

-1*0

,'hester

-16-1
--20*9
-18*8

1,763,353,432

-12*8

,

ireensburg

Indianapolis

-

1,975,807
1,390.199
845,300
331 411

,

Wilmington

--34-8

343.980,872 4-4-8

4-4-0
4-23*0
4-87-8
4-18*8

,

dint-ham ton.

Milwaukee
Columbus

-88-1
-14-2

-144

Washington

Cleveland

639,829,881
363,744,098
208,000,888
160,481,834
188,397.664
132,188 384
61,344.310
46.743,037
88,710,909
83.084,718
17.706,616
19,588,681
6.157.855

4-88-0
4-5-3
4-10*0

•ictfalo

48*7
431-6

4-917
5.268,071,
Jackson, Mich
-0-0
(-10-9
8.061,078
Ann Arbor.
Tot. M. West 1.082.889.850 1,009 448,101 +80 7,808,060,890 6,043,001.010 411*6
119.610.028
101.580.156 4-10*8
San Francisco
740.716,191
019,489,848 416*4
80.808.080
18,009.606 464*8
Los Angeles.
189.708,207
01.108,785 4538
93,960,181 -82-8
Salt Lake City.
16,484,388
08,886.172
101,640,880 -8*2
Seattle
Portland...

Philadelphia
Pittsburg
daltlmore

Albany
aoohester
jyraouse
Joranton

1001.

P. Oent.
.477,317.129 1,183.156,610
421-8
-J08
-1-53 8
135,170,808
87 833
42 123 579
86.711.070
41C-0
4-06
22,134,673
23.217.878
0.165 283
-85 3
6 289 278
8.168,921
4-48 6
2.335148
4-0-9
2,973 937
2,017,413
2.52(1 039
8,313(68
409
-5 6
1.067,680
1.120,147

New York
-14*4
48*1
-o-i

2 1902 %

1901, 1900, 1899.

Week ending August

at—
1908.

701,319,414
107,721,153
111,697,871
101.183,815
84.158,696
39.408.79C
82,808.87*
10,053,200
13,129,196
10,403.431
4 955.714

4-l5*t

NO. 1937.

1902.

ALSO SAME WEEK

Olaarinqt

-1,693,631,581 6.0S1.980.0S4 +8-1 18,504,513,998 50.816.a83.420
13l,867,lt>6 flO'K 8,419,277,922 3,823.939,100
531.69(5,642
8l3.H8S.946
179,49^,980 4-l*-0 1,268,842,1 Or 1,868,578,258

New York

9,

In the office ofjthe Librarian of Congress.

CLEARINGS— WEEK ENDING AUG.

1901.

1901.

Seven Months.

July.
1902.

Dana Company,

48.8-!0.r*9i

4-48-0
4-23-8

+S6-2

4-106
+85-6
4-19-5

+7-8

-19

571765

-31
413 7
-81

811.669
1.904.W05

4-30-7
4-6-1

786 873
701,417

84

An

761

4-26 8

1,080.4411

1,900 317
1,777.534
781.804

795189

601.756 997
14,084.883
8 846.500
1,787.693
1.180,000

717 178
875 283
638 015

653 557
1,000 000

1,005,726

28.870 635

80.008.938

TftE

260

CHRONICLE.

THE FINANCIAL SITUATION.
The money market ^during

the remaining months of

[Vol.

LXXV.

hence, other factors being equal, it is logical to conclude that as much currency will be needed as was need-

ed last year, and probably^more. We may also mention a
possible difference compared with a year ago in the
forces likely to be at work^which may have an irifluence on the volume and direction of the flow. It

this year has become
Within certain limits ^the^outlook seems to us to be
clear.
There is nofgtneial panic in prospect; an irruption of that kind fdoes not develop out of condi- relates to variations in the degree of business activity.
Rumors, however, about That problem, as it presents itself on this occasion,
tions as they now e_rist.
railroad deals are so^numerous and radical, and prices may be best stated in the form of the inquiry are we
are rising so fast witn^such rumors as the basis, that to expeot that the volume of trade will be greater in
unless a halt is called ^pretty soon weakness, that does the fall and winter of 1902 thau in the same period of
not now exist, may be'developed and work harm. This 1901? If so, more currency is likely to be kept in
is the more to be deprecated because there are reasons active use in the interior and less currency will lie
why money should rule closer by and by and discrim- idle in banks, available to be sent to our clearing
Continued increases in railroad
ination in collaterals^and perhaps the requirement of house institutions.
wider margins for lot.ns*be growing features. These earnings and bank exchanges would tend to indicate
conditions usually, and|iaay in this case, lead to liqui- that this interior use for money will probably show
dation among those|dealing in stocks about which some increase. On the other hand there is another
stability of value is or may become a questionable influence
the rates of interest that may prevail in
circumstance. The high tr classes of securities are at New York. If they should be higher than a year ago,
present strongly held ,andjiin small supply on the that condition would no doubt tend in a most imperamarket. Of course in a pinch they would fluctu- tive way to draw money cowards this center.
ate, but in a much more moderate way
except where
Besides the foregoing, no one will overlook the
high values may induce investors to sell than others agency which has for long years acted as a foremost
whose standing and earning capacity are not yet influence in interrupting the free movements of currency.
assured.
We refer, of course, to the Sub -Treasury
Some such outcome along these lines is a reason- operations. Fortunately, Secretary Shaw has, in adable conclusion from the conditions as they have al- dition to intellectual fitness for the office he holds, a
ready developed. In an inquiry of this kind, every big development of common sense. He has shown it
one will meet at the start tue conspicuous fact against in several directions; a conspicuous instance is his
continuing ease in money, that both gross and surplus interpretation of the personal baggage provision of
reserves of our associated banks are considerably less the tariff bill.
Another has been his method of carthan they were a year ago. The figures last Saturday rying out the troublesome arrangements which the
(August 2) were, gross, $253,024,500, and net, $13,738,- old Sub-Treasury law keeps in force. This latter is
Mr. Shaw has
125, against August 2 1901, gross, $261,143,400, and the affair that concerns us at present.
net, $22,165,350.
Loans were also larger (being not done anything actually new in that matter; but he
$919,671,600 now, against $887,506,900 in 1901), but has shown that he did not have any care for ignorant
the larger amount of this item is of little consequence criticisms that stood in the way of best management;
when we remember that the capital is now $214,609,- and so has broken away from letting the traditional
800, against $180,588,300 at the same time in 1901. amount of currency held in national bank depositaries
Indeed, the larger capital would seem to argue control his practice, and has increased the total until on
in favor of continued ease in
money if the August 1 1902 the Government funds so held reached
difference which exists represents an added amount over 126 million dollars.
The interest the public has
held in forms readily convertible into gold, which in that change of policy is that it has almost elimwould be the tendency of conservative managers, es inated Sub-Treasury opeiations as a money-market
pecially of banks with most ample capital, involved in disturber.
We consequently believe it to be safe to
large world-wide operations, as now.
assume that so far as the Sub-Treasury is concerned
Another movement threatening the money mar- the Secretary will so conduct its affairs through
ket is the strong tendency gold has shown to leave the period of greatest tension as to prevent GovernThis has been so prolonged and ment business locking up new supplies of currency.
the country.
persistent that it would appear to prove the exist
Furthermore, if he can devise methods of letting out
ence of a very considerable floating balance that we old accumulations we may also assume he will do so.
owe Europe. To be sure the recent gold outflow
has been small, and for the time substantially arWith regard to Sub-Treasury entanglement, the rerested by an advance in Paris exchange on London. peal of taxes at the last session of Congress acts as a
But if the condition of our international accounts is great help to the Secretary and to the public at this
as stated, the embargo against exports is but a tempo- period of currency dearth. We cannot, however, agree
rary affair, which is liable at any moment to be re- with those who have claimed on the basis of the July
moved by a rise in exchange rates here on London or exhibit of revenue receipts and disbursements (which

a leading subject of inquiry.

—

—

—

—

Berlin, or a return of the Paris condition, until the

the
tax
repeal
bill
is
shows a deficit) that
new crops of cotton and breadstuff's begin to move going to leave the Government without a surNotice the fact that the revenue receipts
and furnish a sufficient amount of exchange to satisfy plus.
the
large
month (July), notwithstanding
the demand.
last
Added to the foregoing is the outflow of currency reduction in imports, were $49,306,000, againBt
from New York to move the crops. Of course that is $51,887,000 in July 1901. In other words, the
an unknown quantity; yet relatively the volume of month showed a loss of only $2,581,000 in revenue,
the movement can be conjectured and approximated. whereas the average monthly loss, to meet the ConThe crops we must assume, if taken as a whole, will be gressional estimate (up to January 1903, when the
much greater in theaggregage this year than last year; repeal of the duty on tea goes into effect), ought to bo

AUGUST

9,

THE CHRONICLE.

1902.]

261

that industry and very low prices
In
the foreign markets.
products
These
for such
only
curtailed
exports,
but
not
also
still
to
struggle
aughas
with
conditions
Secretary
a
truth is, the
As we have often explained, July is always mented our iron and steel imports. In value these
surplus.
an abnormal month with respect to disbursements, imports of iron and steel amounted] to $27,180,265 in
and is likewise abnormal in the matter of temporary 1902, against $17,874,789 in 1901. Hence the net
reduction of revenue whenever a new tax repeal bill exports of iron and steel in 1902 were only $71,372,307, against $99,444,531 in 1901. The following^comgoes into effect with the opening of the fiscal year.
pares the merchandise exports for the last six years

more than twice the July deficit, and even then there
No, the
wonld be a considerable surplus left.

for the products of

In discussing recently the change under the new according to classes of products.
1901.
1902.
1900.
charter in the method of selling New York City
Products of—
$
$
I
bondp, and particularly the exclusion of "all or none" Agriculture.... 851.460,318 943,811,020 835,858,123

we pointed out that the motives prompting the
insertion of a condition of that kind in bids were not
at all dictated by a desire to secure a monopoly or to
make large profits. On the contrary we showed that
bids,

the considerations influencing the bidder are of a wholly
different nature, and that it is the custom among

412,165,086

Manufactures.
Mining

403,890,763
39,076,999

Forests
Fisheries
Miscellaneous.

48,183,733

87,985,333
54,317,294

7,665,786

7,683,363

6,205,269

4,510,740

433,851,756
37,843,742

1899.

1898.

%

$
784,776,142
339,692,146

1

858,688,570
290,697,354

28,156,174

119.4 10,707

52,218,112

42,126.889

37,900,171

6,326,620
4,665,218

5,992,999

5,435,483

3.286,872

3,164,628

Tot. do'estic. 1,355,481,861 1,460,462,806 1,370,763,571 1,203.931,222 1,210,291,913
"
26,237,640
27,332.185
33,719,511
23,092,030 j 21,190,417
foreign.,

Total

all.... 1,381,719,401 l,487,764,99i;i,3»4,483,082 1 ,227,083,302: 1,281,482,330

The foregoing shows that while our merchandise exbe content
in the late year fell off 106 million dollars as
illusports
had
an
excellent
with quite small profits.
tiation in the recent sale of $6,400,000 bonds by the compared with the preceding year, over 92 million
city of Philadelphia of the correctness of this state- dollars of the amount was in the agricultural movement. The whole $6,400,000 (consisting of $5,000,000 ment, and this declined simply because of last season's
30 year 3^ per cents and $1,400,000 serial 3| per disaster to the crops. The manufacturing exports
to a syndicate composed of Drexel would have been close to the largest on'record except
cents) went
& Co., Brown Bros. & Co., Edward B. Smith & for the contraction in iron and steel. In some cases
The award was on reduced prices have operated to diminish values. This
Co. and Sailer & Stevenson.
bond houses and

financial institutions to

We

a

3*224

basis

in

the

case

of

the

larger

issue

—

and 3*222 in the case of the smaller issue which, by
the way, is a better figure than that obtained by New
York City at its bond disposal in June, our municipality haviug to pay 3 28 per cent on its borrowing of
The award of the Philadel$4,667,000 at that sale.
phia bonds was made on Thursday, July 24. The
following Tuesday a member of the syndicate was
quoted as eaying that over one-half of the bonds
had been disposed of by them, and that the
price had been advanced to a 3*15-per-cent basis.
The difference in price between this selling figure
and the buying price of
cent
per
of 3 '15
3*222 and 3224 is only 1*16 per cent on the $1,400,000 issue and 1*46 per cent on the $5,000,000 issue.
Hence it is evident that the syndicate was satisfied
with an advance of only a little over one per cent on
the price paid by them, and possibly less than that,
as half the bonds had been disposed of before the
In other words, the
price was raised to a 3*15 basis.
members of the syndicate took all the risks of the
money market and met the expenses of the undertaking on a margin of but one per cent. There is,
however, really nothing very surprising In all that.
In the bond business, as in mercantile affairs, the
rule of action is quick sales and small profits.

The

detailed statement of

the country's foreign

June 30 has been received this week, and it serves at once to show how
great was the contraction in our exports of iron and
steel and how well our manufacturing exports as a

trade for the fiscal year ending

whole were maintained notwithstanding the loss in that
one branch. The total exports of manufactures are reported at $403,890,763 for the late twelve months, as

notably true of copper; the shipments in the ^fiscal
year 1902 were 288,720,655 pounds, against 252,769,328 in the fiscal year 1901. Owing to the lower price,
these copper exports had a value of only $39,190,619,
is

against $41,260,376.

There was no change in the official rates of discount
by any of the European banks this week, and unofficial
or open markets were steady.
The striking feature of the statement of the

Barks

last

loans.

The

New York

Associated

week was the increase of $6,377,100

in

specie was decreased $692,700, while the

were increased $190,500, making the net
loss in cash reserve $502,200.
Deposits were increased
$5,048,300, and the resulting augmentation of $1,-

legal tenders

262,075 in reserve requirements, added to the net decrease in cash, made a loss of $1,764,275 in surplus
reserve, which now stands at $13,738,125.
The bank

statement of this week will probably be unfavorably
ufluenced by the Sub- Treasury operations, which have
drawn largely upon the baDks, principally owing to
heavy payments through these Institutions for customs. There wa3 a withdrawal of $519,445 gold for
shipment to Europe on Thursday.
An offset to
that, so far as the banks are concerned, was the payment and the deposit therein during the week of
$833,416, representing gold bullion deposited at Pacific Coast points and transferred to this city through
Assay Office checks. The Canadian banks have advices of the receipt at San Francisco and Seattle of
$700,000 bullion from the Yukon, which will be transferred hither through Aesay Office checks, which will
arrive next week.

Money on

call

representing bankers' balances has

months preceding. loaned at the Stock Exchange during the week at 3
steel exports there was a drop from per cent and at 2£ per cent, averaging about 2f per
In cent. On Monday loans were at 3 per cent and at 2f
$117,319,320 in 1901 to $98,552,562 in 1902.
other words, the loss In iron and steel accounts for per cent, with the bulk of the business at 2f per cent.
-en million dollars more than the whole decrease. On Tuesday transactions were at 2f per cent and at
The reasons for the falling off in iron and steel are, 2£ per cent, with the majority at 2f per cent. On
of course, well known
an urgent demand at home Wednesday and thereafter for the remainder of the
against $412,155,066 for the twelve

But in the iron and

—

.

8

.

.

.

THE CHRONICLE.

262

LXXV.

[Vol.

high rate of exchange on London, as above noted.
the bulk of the business at 2f per cent. Banks and It was later reported, however, that the shipment
a
trust companies have loaned at 3 per cent as the min- was for bankers in Vienna, where there was
mixed
the
temporary
demand
for
metal.
good
urgent
On
imum. Time loans are freely offered on
Stock Exchange collateral at 4 per cent for sixty Thursday sterling at Paris on the British capital

week loans were

at 3 per cent

and

at 2| per cent, witn

days and 4£ per cent for ninety days. The offerings
are not so liberal, however, for longer periods, and
rates are firmly held at 4£ per cent for four and 5 per
cent for six months. The supply of commercial paper

receded i centime, while exohange here was quite
firm.
Should there be a further fall in the French
rate, some gold may go to Paris next week.
The
Assay Office paid $851,055 40 for domestic bullion;

Gold received at the Castom House this week, $43,Rates 306. Gold exports hence to Europe since July 22,
are 4£@4f per cent for sixty to ninety-day endorsed $7,978,949 83.
Nominal quotations for exchange remain unaltered
bills receivable, 4|@5 per cent for prime and 5^@6
at
4 86 for sixty day and 4 88£ for sight. Rates for
per cent for good four to six months' single names.
actual business opened on Monday at an advance of 5
The Bank of Eagland minimum rate of discount points for long, compared with those at the close of last
remains unchanged at 3 per cent. The cable reports
week, to 4 8550@4 8560; short and cables were undiscounts of sixty to ninety day bank bills in London
changed, the former at 4 8785@4 8795 and the latter at
2 9 16@2f per cent. The open market rate at Paris is
4 8825@4 8835. On Tuesday, though sight was quoted
1|@1£ per cent and at Berlin and Frankfort it islf@l| daring the day 5 points higher at 4 8790@4 88, there
per cent. According to our special cable from London,
was no change at the close compared with the previous
the Bank of Eagland lost £1,346,160 bullion during
day; long and cables remained unaltered.
On Wedthe week and held £36,578,106 at the close of the
nesday, however, sight was firm at 4 8790@4 88, while
week. Oar correspondent further advises us that the
long and cables were unchanged. On Thursday the
loss was due to the export of £92,000 (of which £32,market remained firm at unaltered quotations and it
000 went to Guayaquil, £30,000 to Malta and £30,000 was
steady on Friday. The following shows daily posted
to Brazil), to shipments of £1,263,000 net to the inrate of exchange by some of the leading drawers.
terior of Great Britain and to imports of £8,000
W«D., THTTB., FBI.,
MOB., TtTM..
FBI..
bought in the open market.
AM']. 1
Aug. 4. Aug. 5. Aug. 6. Aug. 7. Aug. 8.
—
"" 80~~
~86
86
80
86
(60 dart Tie~
The foreign exchange market has been quite firm Brown Broi
88*
88*
88*
88*
488*
88*
I Sight...
86
80
86
86
80
60 dart 486
Baring.
this week for sterling and a shade easier for con88*
88*
88*
88*
88*
Hhodd a Co.. \ Bight-. 488*
86
80
88
80
smith
86
60 dart 486
tinental bills, the latter being influenced by high Sank
88*
88*
88*
88*
88*
No.Amerlec... {eight... 4 88*
86
86
80
86
80
60 dart 4 86
of
rates for sterling at Paris and at Berlin on London, Sank
4 68*
88*
88*
88*
88*
Montreal.
88*
I Bight..
is

increasing and a good business

is

reported, princi-

pally with Eastern and a few Western buyers.

(

(

1

which

rates, especially at Berlin, it

may be

noted, are

very near the point at which gold can be shipped to
the British capital. Bankers report a scarcity of exchange at New York on London and a steady demand
for remittance; commercial bills are also in quite
limited supply, though grain appears to be

moving

iKDadlaa Bank
of Commsroe.

(60 dart
}

Sight,..

aeideibaoh, Iok< (60 dart
alheimer A Oo. I Bight...
UasardFreres... (60 dart

Merchants' Bk.
of Canada

486

86

80

86

86

86

488*

88*

88*

88*

88*

88*

486

86

86

86

488*

86

86

88*

88*

88*

88*

88*

86

86

86

80

86

88*

88*

88*

88*

88*

(

Bight,..

486
4 88*

(

60 dart

486

86

86

80

80

86

}

Bight...

488*

88*

88*

88*

88*

88*

closed

at 4

The market

8550@4 8560

for long,

freely for export.
One feature is the small offerings 4 8790@4 88 for short and 4 8830@4 8840 for cables.
of drafts against future exports of cotton, the con- Commercial on banks 4 8525Q4 8535 and documents
dition of the exchange market being such that bank- forjpayment 4 84^ @4 85£. Cotton for payment 4 84£@
ers who would ordinarily take advantage of the near 4 84f , cotton for acceptance 4 8625® 4 8535 and grain

approach of the cotton export movement to draw such for payment 4 85f @4 85f
bills are not inclined to assume the risk, being appre
The following gives the week's movements of money
henslve that they would not be able to cover them at
to and from the interior by the New York banks.
a satisfactory profit. It seems likely, therefore, that
Rsssivd by SMtVHdbV
Sit InttrUr
W**k Ending August 8, 180*.
when cotton shall begin to move it will be chiefly
liovsmsnt.
N. T. Banks. N. T. Banks.
represented in the market by spot instead of contraot
•6.048.000
Jarrsnoy
18.716.000
Gain 11.328.000
drafts.
The high rates of 25 francs 191 centimes for »old
eoa.ooo
Gain.
167.000
849,000
I4.407.0OT
Total sold and lagal tenders.
15.802.000
exchange on London, which were quoted on Monday,
Gain II 86.000
precluded shipments of gold to Paris by TuesResult with Sub-Treasury operations
day's steamer as an arbitration operation, though
Nst Caen* <n
Inu
Out*/
Wt*k Ending August 8. 1002
Banks.
Banks.
Bank Holdings.
sight sterling exchange in New York was firm at
.4

:

4 8785@4 8795.

Insomuch

the Paris rate continued firm, it was regarded as probable that there
would be no export of gold during the week. The
as

announcement on Wednesdav that Ladenburg, Thalmann & Co. would, on the following day, ship
$519,445 46 gold to Europe was, therefore, a surprise until it was explained that the gold would
go forward because of a special order. From the fact
that the Russian Government has, as reported by
the cable, notified the Mendelssohn's Bank at Berlin
that it would withdraw 20,000,000 marks of its deposits during August, it was thought likely that the

gold which had been ordered out from New York was
required to partially relieve the situation in the Berlin market, which was more or less influenced by the

8ankt Interior moTement. at abore
*nb-Treas. opar. and gold exports.

Total gold and legal tenders.

16 808,000
18,200,000

44.407.000
S0.700.000

Gain. 11.466 000
Loss 2,600,000

1114.088.000

I2S.107.0O0

Loss. II 015 000

The

following table indicates the
n the principal European banks.
August

7,

amount

of bullion

Augusts

1908

1901.

Banks/
•eld.

ngland

BUvtr.

Total.

•eld.

*

S

TeUi.

SilVST.

i

....

80 578,100

••

16.146,000

2,027.603

18,172.600

16,899.000

1,9383)0

17.801.8X

Netherlands..
Nat Belg'm.

4,850,0X1

6.876.700
1,548,883

U.013.7J0

6,260,6X1

6.694.7X1

4,630,000

3 096,0X1

1,6(8,0

11,846.3X1
4,644,000

86,678.106 86,580.118
36,580.118
104 863.884 44,978,480 149,686.814 98.089.064 44,801,599 148,890,698
rranoe
Jsrmany .... 87,269,000 13,786.000 01,004,000 88,995,000 13,835 000 47,880,000
74,693,000 9.011,000 88,704,000 70,82»,O0O 7,459 000 77,681,000
aossla
a.ut.-Hang'r. 44,146,000 12,686.000 66,781.000 S9.158 000 11,113 000 00.87 1.000
14,203.000 19,685,000 33,788, TOO 14,003.000 16,947.000 80,950.000
Spain
Italr

S,C86,667

Kl

ToUthlS week 385.633.107 110237113 446.870,820 317,212,777 1099S0699 420,493,876
Tot. orer. w'k W6.921.690 1108288871*47.649.978 "16.R44.BH5 mUHS <«'>M 490.477.69
l

,

—
AUGUST

9,

THE CHRONICLE.

1903.]

THE NSW

NEW

tion of a depressed track system from City Hall to
Forty- second Street, to be built with the city's credit

YORK,

timely article in the "Century," discussing the
above topic, points out the transformation, now

A

almost effected, in the exterior aspect of New
City and in its means of local transportation.
far-reaching character of the

movement

263

and operated by the

New York

In the financial part of his outlined scheme Mr. Hewitt fairly
Central.

York anticipated the plan which has since become reality.
The But even while this first formal project was being

has, in fact,

mooted for New York, the earth was being burrowed
under London for its first deep subterranean railway
between the city and the outskirts. Even the present
Rapid Transit Commission, whose labors are now approaching their end, has already had more than seven

been scarcely grasped by the average New Yorker,
even when, as in the past two years, the obstruction
of streets in almost every quarter of the city has reminded the citizen daily of the radical thoroughness
What impresses the mind when it in- years of life.
of the work.
Furthermore, while the merits of various divergent
dulges in a longer survey is the double fact that on
completion of the numerous plans now under way, plans were being debated in New York, the present
New York will not only be the most perfectly- network of underground " tubeB " in London was beequipped modern city in its system of intra-mural ginning operation. It was in 1900, before constructransportation, but will in many respects be an tion of our own system had fairly been begun, that
In both regards the movement trains began to run beneath the Rue de Rivoli and the
artistic modern city.
important,
not for New York alone, but for Champs Ely sees at Paris. If, however, New York
is highly
the other cities which will certainly follow Its was slow in starting for the goal towards which overcrowded cities were very generally directing their enexample.
New York has hitherto enjoyed, along with most ergies, the magnitude of its task and the rapidity of
Inother American municipalities, the distinction of the work in many sections fairly compensated.
Its buildings which were really deed, the most curious incident of the whole world
being an ugly city.
pleasing to the eye could almost be numbered on the movement was that America, though really the last to
Nowhere was this fact more start in the underground-expansion movement, took
fingers of one hand.
undisputed than in the financial and general business possession, before its own undertakings were comdistrict, where, as a rale, buildings were either for- pleted, of the unfinished plant of London's tunnel
mally commonplace or decorated in the questionable
taste of the

Second Empire period.

The sudden

de-

velopment of the "sky-scraper" office building threatened at first to replace one form of ugliness with
another, in an artistic sense still more objectionable.

The twenty-story building

did, in fact,

present some

problems which still baffle the artistic
mind
Yet the problems have been so courageously
taken in hand that the man who walks down
lower

Broadway

Wall Street, and remembers
appearance was a score of years ago
or

what the district's
must admit that the present architectural aspect is not
alone more orderly, but in all regards more pleasing.
More than this, plans now approaching completion in
several quarters will add to the financial section several notably beautif nl examples of modern architecture.
The new Stock Exchange and the new Cham-

accepted the idea that

architectural

ugliness was appropriate for the matter-of-fact
is

of

—

two enterprises gives a sufficiently dramatic picture of the development of New York
showing, first, the gradual growth of elevated
traffic; then the complete overtaxing of the roads'
facilities in 1891 and 1892; next the abrupt collapse
tory of these

so extraordinary, in the outstripping of transit facili-

it

Such an idea

left

domain

surroundings purely commercial bodies. Let
be observed that this can hardly be claimed, even
of Paris; which, in common with most cities, has

ly artistic

of trade.

with no other urban transit facilities than
But New York, in the
those of a generation ago.
meantime, had passed through two important stages
in municipal transportation
the elevated railroads
and the complete electric surface system. The hiswas

course erroneous and

Commerce building will in reality fix a precedent for all modern cities, by housing in thorough-

much

should also be remarked that the seeming slowness of New York, as compared with London or Paris,
has another simple explanation. In London, and in
a very large degree in Paris, expansion of population
It

20 per cent in passenwhen the surface lines brought
their swift electric equipment into competition; then,
in turn, the overcrowding of the surface lines and another return flow to the elevated; and, finally, the
state of affairs which now exists, when both surface
and elevated lines are choked with traffic, and the
opening of the underground is awaited as a relief that
is almost indispensable.
In the face of developments

ber of

pretty

railways.

of traffic, with a reduction of

gers carried annually,

unfortunate.

Architectural beauty, being of value
not only as a pleasure to the cultivated taste, but as a

ties

York with great suddenness; from another they are
the outcome of a long and patiently developed plan.
In the matter of underground rapid transit, certainly,

would involve,

by traffic, it is not strange that projectors of the
newer enterprises look with some bewilderment into
means of education to the uncultivated, can never the future. Will our underground lines and our new
better serve its purpose than when located where the bridges repeat In their turn the story of relief,
greatest number of people may most frequently look scarcely obtained when the need of further relief was
on it. It is thus a very real public reform in whioh plainly visible?
the projectors of new buildings such as these are
It ii not easy for the mind to grasp exactly the
leading.
change which has come over modern New York in
From one point of view the numerous striking the construction of its tall modern office buildings.
changes which we are discussing have come on New To appreciate the problem which such an estimate

not be alleged that the city has moved with a sudden impulse. It was as far back as 1888— fourteen
y«ars ago that Mayor Hewitt was urging construc-

it will

—

of buildings

it

now

must be kept

in

mind that the

rising fifteen floors

or

scores

more above

the pavement give room for tenants in active business numbering three or four times what oould have

been accommodated in the buildings whioh preceded
them. The population of New York increased some

THE CHRONICLE.

264

[Vol.

LXXV.

21 per cent in the decade before the taking of the previously ruled out, but otherwise retaining the old
Twelfth Census, and its increase since 1900 must restrictions and safeguards. In the other Eastern
have been still more rapid; yet it is questionable States street railways are not specifically mentioned.
whether offices occupied in the down-town buildings In Rhode Island there is no reference to either street
have not increased at twice that rate in the interval. roads or steam roads, but there is a clause permitting
It is the flow of business energy to the city, as to investments "in such corporate stocks or
bonds as
nearly all other cities in this country, which is re- they (the institutions) may deem safe and secure."

The same The provision in New Jersey makes it lawful for a
phenomenon is more and more plainly visible in other bank "to invest its funds in first mortgage bonds of
cities, home and foreign, and must be met by all of any railroad company which has
paid dividends,"
.them as New York is meeting it.
etc., etc., evidently meaning steam roads.
In Vermont the law does not give permission for railroad
investments of any kind. The same is true of the
flected in these

remarkable developments.

STREET RAILWAY BONDS FOR MASSACHUSETTS SA VINOS BANKS.
The Act passed by the Massachusetts Legislature

general law controlling savings banks in Pennsylvania, though some of the banks organized under
old special charters have authority to invest in any

recent adjournment giving permission to "good and valid securities."
The new Massachusetts statute has evidently been
the savings banks of that Commonwealth to invest in
street railway bonds is interesting, not alone beoause framed with care, and is obviously intended to embody
marking a departure in the old-time policy of that ample safeguards to protect the banks against possible
before

its

In this respect it is in sharp contrast with the
forerunner of similar action by other States with measure proposed in the same State at the time we
We do not of course mean wrote our previous article, and which measure had
large savings deposits.
that such a result is likely to follow immediately, but then been rejected in both branches of the Massachuthe example of Massachusetts always counts for a setts Legislature. This earlier bill was very brief and
great deal, and those favoring the extension of rail- simply undertook to authorize savings banks to invest
road investments so as to include street railway bonds their funds in first mortgage bonds of street railway
will have a strong argument in support of their con* companies incorporated under Massachusetts laws,
tention in the course pursued, by that conservative whose roads should be located wholly or in part in the
State.
In time we must hence suppose old traditions State and which had earned and paid a dividend of 3
will give way and street railways find general accept- per cent for two years.
The bill which has now become a law is, as said,
ance in the legislative mind assuming, of course,
that no ill effects attend the venture in Massachu- a better considered measure, and has been more carefully matured.
We gave the full text of the Act in
setts.
Barring two of the smaller New England States, our issue of two weeks ago (see State and City Denamely Maine and New Hampshire, the disposition partment, Chronicle, July 26, page 202), and a
here in the East has been to hold street railway bonds reading of the same will bear out this statement. In
out of the reach of the savings banks. In fact in the first place dividends must have been paid (and
those three important States, New York, Massachu- earned) of not less than five per cent per annum
setts and Connecticut, they have been excladed by upon all outstanding stock, and these dividends must
express provisions of the statute. The Massachusetts have been paid annually for the five years preceding,
law, prior to the passage of the new Act, provided before the bonds of a street railway can become a lawthat " street railway companies are not railroad com- ful investment for a savings institution. The permispanies within the meaning " of the savings bank sec- sion, moreover, extends only to street railway comThe Connecticut statute, though repeatedly panies incorporated in Massachusetts the railway of
tions.
amended, still contains the provision that "this section which is situated wholly or partly therein. In case
shall not be held to authorize any investment in the where two or more companies have been consolidated
bonds of any corporation operating its railroad exclu- by purchase or otherwise, the payment severally from
sively by any means other than steam as a motive the earnings of each year of dividends equivalent in
power, or in the bonds of any street railway com- the aggregate to a dividend of 5 per cent upon the
pany." In the same way the New York law declares aggregate capital stocks of the several companies is to
that " street railroad corporations shall not be con- be deemed sufficient for the purposes of the Act.
It
sidered railroad corporations within the meaning of is also provided that dividends paid to stockholders of
the West End Street Railway by way of rental
this subdivision."
In an article in the April 1900 number of our shall be deemed to have been earned and paid by
State and City Supplement, we went into an ex- said West End Street Railway within the meaning of
tended analysis of the policy of the different States the law.
But besides these requirements as to dividends,
in the matter of street railway investments and
there
is a further restriction.
By the second section
showed that the larger States had not favored street
railway bonds as means for the employment of sav- of the Act it is provided that the Board of Railroad
ings bank funds. In the main the situation in that Commissioners shall, on or before the 15th day of
respect to-day is what it was at that time, except January of each year, transmit to the Board of Comas regards the step just taken by Massachusetts.
Of missioners of Savings Banks a list of all street railthe two States which then had opened the door to way companies which appear from the returns made
street railway investments, Maine has its law still in by the companies to have properly paid, "without imforce entirely unchanged, although as we showed at pairment of assets or capital stock," the dividends
This certification having been made, a
the time it is somewhat defective, while the New required.
Hampshire law has been amended so as to bring within further important step is required before a savings
the permissible class street railways In certain sections bank may touch the bonds. The list prepared by the
State, but also because it

will

doubtless prove the

—

—

—

loss.

—
ACGXJST

THE CHRONICLE,

9, 1902.]

Railroad Commissioners may show the dividends to
have been earned the requisite number of years, but
that in itself is not sufficient to authorize the purchase of a bond. In addition, the bond must have
the approval of the Board of Commissioners of Sav-

To

end

provided by the
section of the Act that the Bank Commissioners
as soon as may be after the receipt of the lists
the Bailroad Commissioners, prepare a list of
own, made up of such bonds as they (the Bank
ings Banks.

this

deem good and

missioners) "shall

to

against

lie

buy

safe

third
shall,

their

Com-

securities for

of savings

new

the

street railway

Act,

bonds being

the

privilege

closely

to

and wisely

Increase

.

Census Re turns.

1900.

No. establishments
Capital

1880.

4,114

4,018

$1,001,005,816

8739,973,661

$412,721,496

clerks,

Total wages

79-3

I

59'0

)

87-2

,

ed

501,718

T384.261

27 7

30-6

$202,690,706

$163,616,593

$105,050,666

23-9

65*8

l>

-

288,871

216,316

159,382

33-5

85*7

283,638

243,589

169,806

16"4

43'5

68,039

41,784

$80,444,630

$43,356,736

62-8 deo34"l

55,063

Not reported

89-4

$489,147,315

$421,398,196

$902,703,894

16'1

39"2

$883,892,959

$721,949,262

$532,673,498

22"4

85"5

* Includes proprietors and firm members, with their salaries;
reported in 1900, but not included In this table.

T Includes 2,115 officers

2'4

35-3

640,518

Miscellaneous expenses..

Value of products

p.c

1-4

*$11,930,760

Children under 16 years..

.

p.c.

$22,331,972

16 yrs. and over.

Cost of materials used.

1890

™
Wrif

—

igoo.

separately.

,

H0,179$ Te

16,181

Wageearners.aTer.no...

Women

1890.

,

4,171

from Men 16 years and over....

banks and institutions
Altogether no valid objections seem

the investments
for savings."

it is

265
17. S.

Salaried officials,
eto.,no
Salaries

,

and clerks whose

salaries are

number only

not reported.

be Been from the foregoing that total capital
guarded.
is now reported at $1,001,005,815, against $739,973,THE CENSUS
TEXTILE 661 in 1890 and $412,721,496 in 1880. The ratio of
increase is 353 per cent the last decade on top of 79*3
INDUSTRIES.
per cent increase in the previous decade. As comCensus
The
bulletin on the textile industries of the pared with 1880, and in fact with all preceding Census
United States has just been issued, containing an in- years, the increase, however, is exaggerated. The
teresting review of this important branch of our man- method of ascertaining the capital was changed, it
ufacturing development.
The report is by Mr. appears, at nearly every Census prior to 1890, and the
Edward Stanwood, Expert Special Agent, which fur- successive changes in general had the result of innishes a guaranty that the work has been well done. cluding more and more of the actual capital emAs Mr. Stanwood says, not only is the textile industry ployed. At the earlier censuses the capital stated
one of the most important branches of manufacture in was merely the nominal capital of corporations or the
this country and throughout the world, but its product estimated capital of individuals and Arms. The methcomes into an especially intimate and personal relation od pursued at the last two censuses has been to take
to mankind because it is the material from which not only the value of plant, but also such items ai
It will

REPORT ON THE

clothing

is

commonly made.

stock in process of manufacture, bills receivable,

etc.,

Mr. Stanwood finds that the grand total value of

"thus including in the capital the accumulation which
and of finished articles made from them at has been invested in the business and the capital of
the 1900 Census was $1,637,484,4 84. It is pointed others than the owners which has been borrowed and
out, however, that this total of value has been swelled practically invested in the manufacture."
In this
by duplications. Yarn produced in one mill and en- way the reported capital shows a much larger increase
tering into the general aggregate is reported by an- than would have been exhibited if the original method
other miil as a material used in the process of manu- had been followed.
On the other hand, it is importfacture, and the woven cloth of the second mill, after ant to note that in using these figures the question
having been reported as that mill's product, enters whether the capital stock of the various corporations
textiles

the tailor's shop or the shirt factory as material once
more. Eliminating duplications, by excluding from

represents correctly the value of the

and products the value of the partly manufactured articles, the net value of produota ready for

considered, for the capital stock of manufacturing

materials

whether such stock

is inflated,

properties, or

does not have to be

corporations is not taken into account at all. Instead,
found to have been $1,095,- the purpose has been to give "the value of land,
127,934.
buildings, machinery, tools and implements, and the
It iB proper to Bay that the present report upon com- live capital utilized/'
bined textiles takes cognizance of the chief industries
The increase in the number of persons employed has
based upon flax, hemp and jute, and some other addi- been marked, the average number for the year 1900
tions also are noted.
Deducting these so as to enable being given as 640,548, against 501,718 in 1890 and
direct

consumption

is

comparisons to be made with preceding decades, it is 384,251 in 1880. The ratio of increase in this instance
found that in the case of cotton manufactures, wool is 27*7 in the last decade and 30*6 in the previous decmanufactures, silk manufactures (together with hos- ade.
Notwithstanding this increase it is a rather
iery and knit goods and the processes of dyeing and striking fact (and Mr. Stanwood directs attention to
finishing textiles), the value of the products for 1900 it) that for a population of over 75 million only the
is $483,892,959, against $721,949,262 in 1890 and $532,- labor of 640;548 persons was required in the manufac673,488 in 1880. These results indicate an increase
of 22-4 per cent in 1900 over 1890, after an increase of
35-5 per cent in 1890 over 1880.
This, however, does

ture and finishing of

population.

all

the cloth necessary for this

The circumstance

furnishes a remark-

able illustration of the utility of machinery in that

not reflect the full measure of the growth which has much less than one person in a hundred was required
occurred during the two decades. It is, of course, to furnish the materials for the clothing of the
well known that there has been a large decrease In the American people.
average price of the raw materials used, a fact which
One other fact with reference to the wage-earner
necessarily

A

is reflected in the value of the products.
better idea of the progress made is afforded from a

deserves to be pointed out.

It will be observed that

the number of children shows a larger ratio of addicomparison of some of the other leading items given tion the last decade than the increase in the case of
at the last three censuses.
Sach a comparison is fur- the other employes, this ratio being 62 8 per cent as
nished in the following.
against a decrease of 24*1 per cent in the previous dec-

1

THE CHBONTICLF.

266
ade.

The

legislative

was due to a combined
movement in the Northern States

[Vol.
CAPITAL BEPRESBNTED.

earlier decrease

and

social

The
to eliminate child labor as far as practicable.
reversal in the last decade of this downward tendency
of the previous decade

ascribed to the

is

immense

in-

crease of cotton manufacturing in the South, where it
was necessary to enlist all the labor practicable. As

however, even with this increase, the number of
children in 1900 (68,039) formed less than 11 per
cent of the total number (640,548) of all wage- earn-

LXXV.

1880.
1370.
1890.
1900.
*
Cotton manufactures—
$
$
$
Cotton goods
460,842,762 354,020,843 *208,280,34« 140,70(5,291

1860.

$
585,269

Cotton small wares..

6,397,385
310,179,749 2-15,886,743
Silk manufacture
81,082,201 51,007,537
Hosiery aid knit goods 81,860,604 50,607,738
Flax, hemp and jute
41,991,762 27,731,649

Wool manufacture

.

143,512,278 121,451,059

,814,422

19,126,300

6,231,130

926,880

15,579,591

10,931,260

035,510

26,223,981

18,374,503

5,718,671

.

Dyeing and finishing
textiles

60,643,104 38,450,800

Total

1,042,997,577 767,705,310

it is,

ers in the

Census year.

With reference

to the

number

of establishments,

one development stands out rather prominently. The
number has been added to only very slightly during
the last two decades, it being 4,171 for 1900, 4,114
As compared with 1870,
for 1890 and 4,018 for 1880.
when 4,790 establishment were shown, there has
been a positive decrease of considerable amount.
The number of silk factories, Mr. Stan wood shows,
has increased largely, and there has been a great de-

412,721,496 297,694,243 160,080,852

VALUE OF PEODDCTS.
1900.

1890.

1880.

1870.

1860.

$
$
Cotton manufactures—
$
$
$
332,806,156 267,981,724 *192 090,110 177,489,739 115,681,774
Cotton goods
Cjtton small wares.. 6,394,164

Wool manufacture

296,990,484 270,527,5

1

107,256,258 87,298,454
manufacture
Hosiery and knit goods 95.482,566 67,241,013
47,601,607 37,313,021
Flax, hemp and j ute
Dyeing and finishing
Silk

.

textiles

Total

.

238,035.686199,257,262 73,454,000
41,033,046; 12,210,66,2

6,607,771

29,167,247

7,980,606

18,411,564

.

44.9H3.331

28,900,580

931 ,494,566 759,262,283

32,297,420 tll3,0l7,537 11,716,463

532,873,488 520,386,764 214,740,614

* In addition returns were received at the Census of 1880 for 249 mills
classed as " special mills," engaged In working raw cotton, waste, or cotton
yarn into n isiery. webbing, tapes, and fancy fabrics and mixed goods or other
fabrics, which are not sold as specific manufactures of wool or cotton. These
249 establishments reported $11,224,448 capital and $18,86 \273 value of products
+ At the Census of 1870 the value of the fabric itself was reported, whereas

velopment of the cotton industry in the South, involving the installation of hundreds of new establish- In all subsequent censuses merely the value added to such fabric by the proThe decrease has mostly occurred in the cess of dyeing and finishing is given.
ments.
The very considerable progress made in silk manunnmber of establishments manufacturing wool. Yet
a somewhat similar process is going on in all branches factures during the last two decades as well as in
an abandonment and final hosiery and knit goods will not escape attention. As
of the textile industries
closing of small establishments and those unfavorably perhaps the best measure of the relative growth of
situated and a consolidation akin to that which is the cotton, wool and silk industries, the quantity of
taking place in all other industries. The average material used in eaoh furnishes an interesting basis
cotton-manufacturing of comparison. Of silk 9,760,770 lbs. were used in
capital in 1900 of the 973
establishments reported was $473,000. In 1890 the 1900, against 6,376,881 in 1890 and 2,690,482 lbs. in
average capital was only $390,000. The average of 1880. Of wool the amount used in 1900 was 412,those engaged in the manufacture of wool in 1900 is 323,430 lbs., against 372,797,413 lbs. in 1890 and 296,Of cotton 1,910,509,193 lbs. in
less than $220,000, but ten years ago the average 192,229 lbs. in 1880.
capital in the woolen industry was less than $150,000. 1900, against 1,193,374,641 lbs. in 1890 and 798,344,Most cotton factories are owned and operated 838 lbs. in 1880.
A large number of woolen fac- The progress of the South in cotton manufacturing
by corporations.
tories are owned by individuals or firms, some of is of course well known, as we have often given the
A
which are small producers, chiefly for local con- facts and figures in support of the statement.
sumption.
Mr. Scanwood notes that the tendency study of the statistics by geographical divisions and
of
textile
manufacturers
both
to
concentrate States shows that as a consequence of the developand group themselves in favorable regions is very ment in that part of the country the preponderance
marked.
of the New England States in the total is greatly
With reference to the separate branches of the tex- diminishing. For 1900 the capital employed in the
tile industries it is found that cotton manufacture New England States forms slightly more than oneagain takes leading rank, a position from which it was half of that of the whole country in the combined
displaced during the Civil War, it having since then textile industries.
In 1890 the percentage had been
(up to 1900) held second place mainlv because it stood 57 6 and in 1880 it had been 634 per cent. Somesecond in the value of products. The Census of 1890 what similar changes are shown in the number of
reported the value of cotton manufactures as $267,- wage-earners, the amount paid for wages, the cost of
981,724 and the value of wool manufactures as $270,
The percentmaterials and the value of products.
527,511. Now these relative positions are reversed, ages differ for the different items, but in general the
cotton manufactures having gone up to $339,200,320 importance of New England is found to be less for
and wool manufactures only to $296,990,48 1. The capi- 1900 than for 1890, and still less than for 18 SO.
tal employed in cotton manufacture has always been
Mr. Stanwood undertakes to make a rough comparilarger than that in wool manufacture, and is now son between the position of the United States in the
$467,240,157, against $310,179,749 for wool manufac
important textiles and the other leading producing
ture.
The situation thus is that cotton manufacture countries of the world ; of course the data in that
now stands first in the amount of capital, in thenum case are imperfect. At the rate of progress made by
ber of hands employed, in the amount of wages paid the United States in the silk industry it seems proband in the value of products. It is still slightly be- able, he tliii k 3, that at the next Census enumeration
hind the wool manufacture in the cost of material this country will take first place among silk manufacused, this following of course entirely from the fact turing nations, if it has not already (1902) attained
that the price of the raw material in the case of wool that position.
He estimates the value of the si k prois several times that in the case of cotton.
The duct of France in 1900 at $122,000,000, against $92,following two tables will show the changes in cap- 000,000 for the United States.
For Germany he
ital and in the value of products of the several places the value of the silk product at $73,000,000 ;
branches of the textile industries during the last four for Switzerland, $33,000,000; for Russia, $21,000,000;
decades.
for Austria, $17,000,000; for Great Britain, $15,000,-

—

;

August

9,

THE CHRONICLE.

1902.]

267

la the cai
oc
o>
000, ai)d for I:»ly $13,000,000.
the United States, of coarse, racks inferior to the

duced freight charges and gradually raised the aver*

year according to the present Census figures.
Mr. Stan woe d says that, although the inference

possibilities

•

age as well as the highest speed.
The limit on the present form of railway having
United Kingdom, whose consumption of wool
lbs.,
against
at
502,000,000
about
been nearly or quite reached, it is an interput
apparently
onfy
in 1900 is
400,000,000 lbs. used in the United States the same esting question whether a modified form offers any

cannot be put forth with much confidence, all the
available facts seem to suggest that, judged from the
standard of wool consumed (which he regards as by
no meau 8 a perfect test), the United States stands
the leading country, and France
the second, and on a fairly even footing with Germany and Anstria, the amounts for these countries
being estimated, roughly, at 502,000,000 for the United
after Great Britain

Kingdom, 457,000,000 for France, 383,000,000 for
Germany and 386,000,000 for Austria. In the manufacture of cotton, of course, the United States holds
the leading place, at least so far as the

consumed

ton

is

concerned.

amount

of cot-

In the year 1900 the

United S'ates

used 4,599,000 bales of cotton, as
against 4,079,000 used by Great Britain and 5,720,000
bales

for all

the rest of Europe together.

On

this

not necessary to go into details, as the facts
are given so fully in our Annual Cotton Crop Report
each year.
point

it is

HIGH SPEED POSSIBILITIES.
limited

—

between Manchester and Liverpool, on which conThe outcome
struction is said to have been begun.
of this will be awaited with interest.
Essentially this is a trestle of skeleton form, preThe car bestrides the top, running
ferably A-shaped.
on the single rail at the angle, and held on by guidewheels running on rails on the two sides. Another
plan might be to suspend the car from the top, as a
sliding barndoor is suspended from its rail above;
but the essence is that the car shall travel on one rail
and be guided and held in place so that it cannot be
dislodged without breaking the structure itself. The
structure is elevated a little, approximately conforming to the line of the surface. Now let us see what
gainful features this idea offers.

between New York
and Chicago, which have been running for some fifteen years past and have become familiar, have now
led to the next step
the "twentieth century" 20-hour
trains.
Beginning simultaneously on both the great
lines, these have been promptly accepted as just suited
to the wants of to-day, and their schedules prove to
be made with such smoothness and ease that a further
cut of two hours ere long is indicated.
Some recent
rumors of some short-cut construction in Pennsylva-

The 24-hour

higher speeds. Some readers may
recall the piece of mono-rail or "Boynton bicycle"
construction which used to stand lonesomely on the
marshes of Long Island ; it probably impressed most
beholders as a mere dream was it that, or was it a
prophecy ?
A mono-rail line of 10 miles has been in operation
in Ireland for more than twelve years, and recently a
charter has been obtained from Parliament for one
of

A railroad,

trains

—

and

as

artificially

we have
straight

down and hollows

it, is

ideally artificially level

ledges and hills are cut

;

are filled

up

building of the earth, as far as

;

it

this

goes,

is

a sort of re-

and a

railroad

"construction," hence enormously costly. The
mono-rail idea plants itself on the surface, adapting
itself thereto (as the elevated roads we have here
do to some extent),
and thus the first cost
is
reduced almost beyond
compariordinary
son. The plan is largely independent of curves,
is

nia also recall the fact that the present routes are

and indifferent to their sharpness, because a curve
hardly involves extra traction and wear; it is also far
that is
aid less concerned about grades and so is more able to
reduction in time, for on the favorable stretches the conform itself to the earth as it finds it. Stephenson
maximum pace is already fast and the difficulties over bitterly complained that as fast as he raised the effici-

and a reduction in distance
commercially practicable would greatly

considerably indirect,

—

—

if

the unfavorable ones are very firmly fixed.

But the demand is for still higher speed, and when
we take up the forecast as to that we come to three
propositions
the fast trains now running are relatively unprofitable ; the way and the train, after all
improvements, are essentially the same as when Stephenson first " delivered himself " in the memorable
trial near Liverpool in October of 1829.
Before material advance on present speeds can be had there
must be found modes of reducing resistance and reducing stress and wear on both way and train
we are forced to admit that at the moment there
seems very alight prospect of finding such means of
:

reduction.

Before a Parliamentary committee, George Stephenson was asked if he was not proceeding on the supposition that his

proposed road-bed was perfect, and he reand I mean to make it perfect/' The course
of our American roads, which have been obliged to
plied, "Yes,

begin as they could, has been towards that perfection.
In strengthening bridges, improving way and track,
cutting down grades and straightening curves, money
is

lavished without stint,

this

is

true economy.

which the

and

it

is

well

settled that

This steady improvement, in
borne the largest part, has re-

steel rail has

ency of the locomotive, others tried to spoil his work
by introducing grades and curves, whereby to lessen

Stephenson was right, yet the most surprising fact about the trolley of to-day is its apparent
scorn of both grade and curve.
The claim of the
mono-rail in respect to construction is that, comparatively speaking, it can go anywhere and anyhow.

first cost.

As

to operation, the car

ture being so.

would be

light, the

Traction, vibration and

struc-

momentum

would be diminished. As yet, although the idea has
been discussed, trains have no " lines " as ships have,
and trains yet butt the air perhaps attention to this
is necessary for very high speeds, since the natural
law of resistance is the same in air as in the denser
medium. Snow need not obstruct the mono-rail
road and floods would certainly be less formidable than to our present structures.
Steam could
be used, but electricity would be the more appropriate power.
Here we may recall what the
Chkonicle has already pointed out: that the development and transmission of power from waterfalls
must soon bear an important part in the new economy.
The outlook in this direction is certainly wide and
expanding; and if a road which is of very low cost in
construction and maintenance is also operated by
;

>

THE CHRONICLE.

268

lxxv.

[Vol.

—The Eastern Trust Company of this city, recently organpower diverted from what now goes to waste may not
ized,
has decided to open an up-town branch at the northeast
removed
?
the difficulty of cost as to high speeds be
corner
of Broadway and 36th Street. Alterations in the
The possible danger does not trouble Americans until
building are now being made with that end in view.
Occuit forces itself upon them; but if electricity is motive
when
these
are
completed.
pancy will ensue
power, it can make the block system effective by auto—The Title Guarantee & Trust Company of Brooklyn is to
matically cutting itself out when an occupied block
increase its stock from $2,500,000 to $4,000,000. The increase

the stations high, gravity may is to be accomplished by transferring $1,500,000 from surplus
be made to slow an approaching train and also give it account to capital through the declaration of a dividend of
headway as it departs. What a rate of 100 miles or 60 per cent, which is then to be applied to the payment of
more per hour, stops included, would mean in passen- the additional stock at its par value. The arrangement is
not intended to go into effect until the close of the year. A
ger travel may be left to the reader to imagine. Allow
special meeting of the stockholders has been called to conthat the idea is applicable to passenger traffic only, it sider the proposition. Clarence H. Kelsey is President of
is clear that separation of passenger and freight is the Title Guarantee & Trust Company; Frank Bailey, Viceintrinsically desirable and that we do not have this President; Edward O. Stanley, Treasurer, and Clinton D.
Is

reached.

now because

By setting

it is

commercially impossible.

And

if it

should ever come to pass that the railway as we know
it is

more or

less left exclusively for freight,

the bear-

ing of this upon the future of canal questions like
that of the Brie may be another interesting problem.

Burdick, Secretary.

—The Long

Island Title Guarantee Company of Brooklyn
has called a meeting of its stockholders for August 15 for
the purpose of aoting upon an agreement of merger with
Indemnity Company.
consolidathe Peoples' Guaranty
tion is to take place under the name of the United States

&

A

Guaranty & Indemnity Company. There is to be an
Manhattan Borough. The capital of the new conCO.'S. cern will be
$1,000,000 and it will have a surplus of
Title

ITEMS ABOUT BANKS BANKERS AND TRUST

—The public sales of

office in

week aggregate 254 $250,000.
shares and were all made at auction. One 25-share lot sold
—The Essex County Trust Company of Orange, N. J.,
at anction comprises the transactions in trust company stock.
which on July 1 succeeded to the business of the East Orange
Included in the above total are 104 shares of Greenwich Bank
National Bank, has arranged to take over also the Essex
stock, which were sold at 400 —an advance of 45 points over
County Savings Bank. The managers of the savings bank
the price paid at the last previous sale in June. In the
have sent out circulars announcing that in their judgment
bank stocks

this

"curb" market the dealings included small lots of the following stocks: Central Trust Co. at 1,950; Williamsburg
Trnst Co. at 226}^; Trust Co. of the Republic at 300, and
Central Realty Bond & Trust Co. at 860.
Sharei.
Banks—New Tort.
Price.
Last previout $al9.
100 Corn Exohange Bank
446-447
Jnly 1902— 440*8
104 Green wlch Bank
400
June 1902— 355
50 Western National Bank
600
Apr. 1902— 610
Trust Company— Nev York,
290*8
25 Amerloa, Trust Co. of
July 1902— 292

the best interests of the institution require that
into liquidation.

—

The International Banking Corporation of this city an.
nounces that arrangements have been perfected for correspondents in all parts of Europe. Four branches in the Far
East are ready for business; these are at Manila, Yokohama,
Shanghai and Singapore. The London office is already
equipped and a branch at San Francisco will be opened September 2. Arrangements have been made with local houses
to represent the

company

at

Bombay, Calcutta, Rangoon and

Penang.

—The monthly statement of
rency just issued

the Comptroller of the Curshows that the number of national banks

shall

go

in turn

has issued a notice saying that it is ready to assume all the
the savings bank, and that the employes now
with the bank will be engaged to attend to the savings department of the trust company. The Essex County Trust
Company is controlled by the Fidelity Trust Company of

liabilities of

Newark.

—

The New York Stock Exchange will be closed to-day
(Saturday), the suspension of business on the London Exchange, in consequence of the coronation of King Edward,
tending to restrict operations on our Exchange to local trading, which is usuallv small on Saturdays at this season;
therefore the members embraced the opportunity to ask for
a holiday, which request was granted by the Governors.

it

The Essex County Trust Company

—The

Elmira Trust Company of Elmira, N. Y., organized

two months ago, received its charter about the 8th of July.
The capital is $200,000; surplus, $100,000. Capital and surplus all paid in. The par value of stock is $100. Fifty
on each share. A premium of
$25 is now offered for the stock, but we are informed tnere
are no sellers, the stock being very closely held. The officers
dollars surplus has been paid

are

:

A. Lee Smith, President; James B. Rathbone. Vice-President; Ray
Tompkins, Vice-President; E. W. Gleokler, Sec'y and Treas.; H. C.
Mandevllle, Attorney. Executive committee M. H. Arnnt, Chairman; Ray Tompkins, A. Lee Smith, John Brand, James B. Rathbone,
The directors are: M. H. Arnot (Pres't Chemung Canal Bank), Elmira,
N. Y.; Chas. T. Barney (Knickerbocker Trust Co.), New York; Frederick L. Eldrldge (Vice Pres't Knickerbocker Trnst Co.), New York; A.
Lee Smith (Pres't Miners' National Bank), Blossburg, Pa.; Jonn
Brand (J. Brand & Co., wholesale tobaooo), Elmira, N. Y.; James B.
Rathbone (Vice Pres't Chemnng Canal Bank), Elmira, N. Y.; Ray
Tompkins (C. M. & R. Tompkins, wholesale grooers), Elmira, N. Y.;

—

R. Bertron (of Bertron & Storrs), New York City; W. S. MoOord
Elmira, N. Y.; E. E. Buchanan (Pres't Elmira Rolling
Mills), Elmira, N. Y.; F. D. Herrlok (of Perry & Herrlck, Insurance),
Elmira, N. Y.; Geo. W. Wyokoff (real estate), Elmira, N. Y.; H. O.
Mandevllle (of Mandevllle & Herendeen, Attorneys), Elmira, N. Y.;
8.

(capitalist),

organized during July was 38, with an aggregate capital
stock of $1,725,000, and bonds deposited as security for circulation of $506,000. Twenty-eight of the number, with an
aggregate capital of $725,000, were of the class authorized John Magee

!

(Pres't Fall

Brook Coal

Co.),

New York City;

F. H. Rloh-

F. B. Smith
by the Act of March 14 1900 and 10 with an aggregate oap- araeon (of J. Richardson & Co.), Elmira, N. Y.; Hon.
(Vlce-Pres't Miners' National Bank), Blossburg, Pa.; L. W. Elghmey
ital of $1,000,000, banks with individual capital of $50,000 or
(Vlce-Pres't Athens National Bank). Athens, Pa.; Louis P. Miller
more. The organizations effected from March 14 1900 to (Treas. Morris Run Coal Co.), Corning, N. Y.; J. Henry Clark (lumber
July 31 1902 were 1,099, with aggregate capital stock of and contractor), Elmira, N. Y.; J. Soott Baldwin (ooal dealer), Elmira
$64,074,000. Included in the total number are 143 associa- N. Y.; W. Falck (Supt. of La Franoe Engine Co.), Elmira, N. Y.; Hon.

tions with capital of $10,485,000 converted from State banks,
343 with capital of $20,085,000 reorganizations of State and

private banks, leaving 618 associations with aggregate capital of $38,504,000 of primary organization.

The total number of active banks has increased from 3,617
on March 14 1900 to 4,577 on July 31 1902; authorized capi
from $616,308,095 to $708,701,695, and bond- secured
which amounted to $216,374,795 on March 14
Bonds on deposit to secure circulation
1900, to $316,614,767.
on July 81 aggregated $318,588,480. There is circulation out.
standing to the amount of $42,869,417, secured by deposits of
lawful money on account of insolvent and liquidating associations and those reducing their outstanding issues,
tal stock

circulation,

Daniel Sheehan (Mayor), Elmira, N. Y.; Dr. H. D.
Elmira, N. Y.

Wey (physiolan),

The new company will occupy the building owned by M.
H. Arnot at the corner of Lake and Water streets, Elmira,
as soon as repairs are completed.

business about Sept.

—The Maryland

It is

expected to

commence

1st.

Trust

Company

of Baltimore reveals quite

a record of growth in its statement of June 80 1902. On
in
Dec. 31 1901 the deposits were reported at $4,227,116
a
more
than
advanced
months
June
30
six
to
they
had
the
surplus
The
million dollars, or, in exact figures, $5,814,800.
;

and

profits also

show decided

$2,941,583 to $3,175,441.

increase,

having risen from

Gross resources foot up $10,615,242.

J

August

9,

»

THE CHRONICLE

1902.

269

—At a special meeting last week of the directors of the
The official staff is composed of J. Wilcox Brown, President;
National Bank of North America in Chicago, Bernard A.
Henry J. Bowdoin and Lloyd L. Jackson, Vice-Presidents
J. Bernard Scott, Secretary and Treasurer, and Carroll Van Eckhart of the Eckhart & Swan Milling Company, who is
Ness, Assistant Secretary and Assistant Treasurer.
Chairman of the board of directors of the institution, was
;

—The

Continental Trust

Company

of Baltimore has gained

over |3,000,000 in deposits during the past six months. On
Deo. 31 1901 the amount was $3,039,285, while the statement

elected Vice-President.

The

deposits are

now

over $7,000,-

000.

—Building bonds to the amount of $2,500,000, with the
June 30 1902 gives this item at $6,051,780. The resources Northern Trust Company as trustee, have been issued by the
for the same period are reported at $11,284,454, as against National Safe Deposit Company, the auxiliary corporation of
The officers are S. Davies Warfield, President; the First National Bank of Chicago. The aggregate amount
$8,249,554.
William A. Marburg, Vice-President; Frederick C. Dreyer, of security protecting the payment of the bonds is estimated
Secretary and Treasurer, and Thomas M. Hulings, Assistant at about $5,000,000, counting, of course, the sixteen-story
bank building to be erected upon 192x231 feet at the northSecretary.
—The proposition to increase the stock of the First Na- west oorner of Dearborn and Monroe streets, which is to cost
for

tional

Bank

of Pittsburg, Pa.,

from $750,000 to

$1,000,000

$3,500,000.

The bonds, which bear 4 per cent interest, are first mortwas approved at a meeting of the stockholders this week.
upon the land, including the leasehold interest in the
gage
As stated in our issue of July 5, the new stook is to be sold
fund property at the corner, and building, and are
school
at $600 a share, par $100.
payable in thirty years, fifty bonds of $1,000 each on Aug. 1,
—It is now reported that control of the Dime Savings &
1912; fifty bonds every year thereafter until 1930, and $1,500,
Trust Company of Erie, Pa., has been acquired by parties
000 on Aug. 31, 1932.
identified with the Federal National Bank of Pittsburg, and
The First National Bank will occupy 44,000 square feet of
that the trust company will become a connection of the
space in the new building, and will pay for the space to the
bank. It is stated that the name is to be changed to Erie
National Safe Deposit Company an annual rental of $100,000
Trust Company. The capital is to be increased from $150,000
for a term of twenty years, having an option for two terms of
the
to $250,000,

ing the surplus

additional $100,000 to be sold at 150, increas$50,000, thus raising it to $150,000.

by

Wayne County Savings Bank of Dedoing a commercial business and become a
savings institution exclusively. The institution has increased
—It

is

stated that the

troit is to cease

its

surplus from $150,000 to $400,000 by transferring $250,000

from undivided

profits.

—The American Institute of Bank Clerks will hold its first
annual convention in Chicago some time in September. The
Chicago Clearinghouse Association will defray the expenses
of the meeting, and the combined Chicago banks will do all
in their power to make the gathering pleasant, practical and
successful. A large attendance is hoped for.

—A new savings bank will soon be opened in South Chicago,

ten years each thereafter, thus
forty- five years in all.
It is stipulated

making the

life

of the lease

between the bank and the deposit company

that the rent to be paid by the former is to be applied first to

the interest on the bonds, and thereafter, if by the redemption of the bonds a surplus of rent over the interest results,
the remainder is to go to the deposit company.

—On September 1 Henry Meyer, now National Bank Examiner for the Northern District of Iowa, is to become VicePresident of the Des Moines National Bank of Des Moines,
la.
Mr. Meyer has had wide experience and will be helpful
to President Arthur Reynolds in still further extending the
business of the institution.

—

According to previous arrangement, the Hibernia NaThe South Chicago Savings Bank. The capi- tional Bank of New Orleans and the Southern Trust & Banktal will be $200,000 and the incorporators are E. J. Buffinging Company of the same city went into liquidation on the
ton, T. W. Robinson, T. J. Heyman, C. H. McCullough Jr.,
31st of July. The two institutions are succeeded by the conto be

known

Wm.

A. Field, D. S. Mathias, L.

as

Gary— all

D Doty,

George Carlisle and solidated institution formed out of the same, namely, the
Hibernia Banking & Trust Company. J. W. Castles is Pres-

the Illinois Steel Company. The
principal object in establishing this bank is to afford a convenient place for the several thousand employes of this great
steel company to deposit their savings from week to week.
E. H.

cffioials of

Company.
—The Atlantic National Bank

ident of the Trust

of Wilmington, N. C, between April 30 and July 16 (the dates of the last two calls
—Within the past twelve months eight new banks and by the Comptroller of the Currency) increased its deposits
trust companies have begun business in Chicago, with an
from $1,145,600 to $1,283,900 and its surplus and profits
aggregate capital and surplus of $11,010,000, and during the
from $128,900 to $146,700. John S. Armstrong is President;
same period $6,210,000 have been added to the capital and J. W. Norwood, Vice-President; Andrew Moreland, Cashier

surplus of the existing banks. To get the net increase to
Chicago's banking capital, however, for the year, about $1,000,000 must be deducted from the above sum, on account of
the distribution of a portion of the surplus of the Corn Ex-

change National and Merchants' National at the time of their
merger. This leaves a total increase of nearly sixteen and a
quarter million dollars.

—The proposal to increase the capital stock of the Bankers
National Bank of Chicago from $1,000,000 to $2,000,000 has
been ratified by the stockholders, 90 per cent being represented at the meeting. The new stock will be offered to
present shareholders at 150, thus providing, in addition to
the increased capital, an increase of $500,000 in the surplus
account,making the showing of the bank, on the basis of its
latest statement : Capital stook, $2,000,000; surplus, $700,000;

undivided profits (July
$13,608,126.

The

deposits (July 16),
16), $128,271
increase voted will take effect Sept. 1.
;

Outside interests, which the directors think will be of much
value to the bank, hope to acquire about 10 per cent of the
new issue and it is expected that one or more new directors
will be chosen to represent them.

—The

Royal Trnst Company of Chicago at the end of its
year en August 1 shows deposits of $3,700,000, as against
$3,250,000 on August 1 1901. The earnings for the twelve
months are stated to have been approximately 10 per cent on
the capital of $500,000. Dividends are at the rate of 5 per cent
per annum. The old officials were re-elected, namely, James
B. Wilbur, President; Edwin F. Mack, Cashier; John W.
Thomas, Assistant Cashier.
fiscal

—

The Carolina Trust Company of Raleigh, N. C, was
opened for business on the 22d of last month. The company
was organized in 1901. It has erected a handsome building
and has a capital of $100,000, all paid in. It is stated that
$110 has been bid for the shares, without bringing out any
stock. W. W. Mills is President; Leo H. Heartt, Vice-President and General Manager; William Hayes, Cashier, and
Robert C. Strong, Trust Officer and General Counsel.

—

Statistical Studies in the New York Money Market
preceded by a brief analysis under the theory of money and
credit; with statistical tables, diagrams and folding chartBy John Pease Norton, Ph. D. 108 pages, octavo; $1 50.
Published for the Department of the Social Sciences of Yale
University.

New York The
:

Macmillan Company.

Mr. Norton begins by remarking that "theory and statistics are the two legs of economic science;" that lameness of
these legs in the past has had a palliation because no statistics were to be had, but that "to-day the lack of accurate
rapidly vanishing, for trade journals, governments, States, cities, corporations, commissions—public,
semi-public and private— are all throwing out, daily and
weekly, masses of undigested statistics that are appalling."
With this last sentence we can easily agree, but we incline
to go farther and delare that accuracy in statistics is more
than arithmetical and extends to handling and deductions.
statistics is

THE CHKONICLE.

270

There are three sorts of statisticians One hunts for iacts to
support a predetermined conclusion and always finds them,
just as texts on behalf of any dogma may be discovered in
the Bible; another searches, open-minded, for whatever the
recorded facts may reveal the third is enamored of figures
for their own sake. Tbe last makes comparative table3 out
of anything he would show by a table, if he couJd, just how
many fathers of families put on their right shoe first in the
morning ard how many the left, analyzing this also by
States, seasons and occupations.
The pseudo statistician who generalizes in figures of his
own evolving and seeks plausibility by carrying digits instead of ciphers down to the units' place, need not be classiThe trustfied; he is to be banned as soon as recognized.
worthy and useful handler cf figures is rare. The common
one is he who either twists them into error or gives us the
numerical relation of each of a hundred facts to each one or
more of the rest, but does not produce any tangible and sig:

;

;

nificant deduction.

This lack

is

a constant (perhaps un-

—

volumes statistics
"undigested," also indigestible, because too minute and unrelated for grasping, and therefore "appalling," as Mr. Norton calls them.
The difficulties which test the statistician's quality thicken
when he attempts to put his figures together and state them
in the form of result. Averages and ratios are the chief
arithmetical method of stating a conclusion, but both are
treacherous in tendency. For example, if we have quantities
in two columns and in a third column the ratio of one to the
other, the average of the whole is; farther from precision
than the separate ratios are, and the average of these ratios
may differ considerably from the ratio between the total
avoidable) defect

footings of the

in official

statistical

two columns.

Ratios may also be misleading otherwise. For instance,
a tramp who has picked up a half dollar in the road, after
having promised a glass of beer to his comrade, has a much
larger ratio of assets to liabilities than has a corporation with
100 millions assets and 20 millions surplus; this sounds trivial,
but just this fallacious method of handliug ratios is sometimes used, and in fact there was a time when young life insurance companies which had barely begun business, and consequently had a financial condition that could be stated in
small figures, ventured to compare themselves in point of
"strength" with old companies that had a vast volume of
outstanding contracts. Their statement was arithmetically
correct, but the conclusion drawn and paraded was absurdly
wrong. So we hardly agree with Mr. Norton that the "gre-it
fault of a series of averages is the lack of continuity"; we
should rather call it the lack of correct significance, while
agreeing with him that an average is easy, often useful, and
"many times a senseless thing."
Mr. Norton offers a hundred pages of figures, of which
perhaps twenty are in tabular form, besides a number of
diagrams. He is evidently one of those who are enamored of
the higher mathematics, to whose minds every fact almost
irresistibly shaf es itself into an algebraic form. For example,
he thinks, not incorrectly, that the velocity of turnover in

[Vol.

LXXV.

existence of a great financial centre. Such a means of insuring the interest rate wotild do much to lessen the destructive effects of panics. For it would tend, like all insurance,
losses, and would do much to prevent the
domino-series of failures which attend on every such dis-

to spread the

turbance to credit."
The " domino-Feries of failures " should be noted as a happy
phrase to characterize the interdependence which pulls down
more because some fall. But this proposition, which seems
to be the conclusion of the book, strikes us as quite doubtful.
In several pages he traces out the causes of the periodicity

and re- flow of currency, which are (in substance) the
regular growth and " movement" of the crops, this banking
in flow

rhythm bsing governed by the

facts of Nature. He justly
points out that " banking facilities must be in a place where
tbe farmer can get at them ;" he thinks the practical question

between small independent banks and branch
banking, and he points out the clumsiness of our financial
system (strictly, no system), dependent upon the inter movement of Government receipts and disbursements. Too much
cannot be said on this neglected subject, whose importance
is concealed by the fact that the country gets along, thriving
despite of instead of assisted by its currency.
Yet upon Mr. Norton's "underwriting" idea there seem
two comments to be made: first, the very periodicity of the
movement—which he himself says bankers well know and
take into their yearly calculations—is in the way of the insurance scheme, for it is discounted in advance by all. Next,
this underwriting refers only to the minuteness of fluctuations and their particular dates of occurrence; while these
are doubtless subject to law as all other occurrences are, it
is a hidden law, and we much doubt the possibility of making
such minute deductions for the future from the past, and
having them trustworthy. Moreover— and this seems to be
the most conclusive objection such an insurance scheme
would be deficient in the essential foundation of underwriting,
which is professionally called "average;" the underwriter
would approximately stand to make all or lose all; the operation would be too speculative, approaching in kind the recent
contracts which the unhappy disturbance of the coronation
really lies

—

England have brought into notice.
Bat while we cannot agree with Mr. Norton's main position, nor commend his book as attractive reading, we can
view it with respect, and cheerfully say that its algebraic
festivities in

intensity should

number

make

it

pleasant to the perhaps considerable

of algebraic minds.

The Municipal Year Book

(1902)— With summaries and
Edited by M. N. Baker, Ph. B., C. E.
York: The "Engineering News" Publishing Co.

editorial discussion.

New

This book undertakes to furnish an exhibit of municipal
and private ownership of waterworks, sewers, electric lights,

gas works, street railways, telephones, central heating stations, ferries, etc., in cities and towns of the United States.
It includes all incorporated places of 3,000 population and
over. There is also given for each city and town its population by the Census of 1900, its assessed valuation in 1901 and
deposits in banks of central reserve cities, reserve cities and the names of the principal officials. Other important faots
the whole country, respectively, is a deserving subject of are added, such as whether the day labor or the contract
investigation; but he instantly oasts this mathematically, system of street cleaning and sprinkling is employed, and
proposing that Ul, U2, U3 shall represent these three veloci- whether the cost of each service is met by the city or by the
ties.
Hardly a page is without some algebraic form of ex- owners of the property benefited. The statement in the
pression and formula, more or less remote, and Mr. Norton preface that never before has there been presented so comfairly revels in closely-packed tables of "percentage devia- plete an exhibit of the relative extent of municipal and
tions" and the like. Yet the work is not to be sweepingly private ownership may be accepted as entirely correct.
condemned for this. There are men who have naturally the Besides information in fhe particulars mentioned for eaoh

same mathematical

intensity of mind, and to them this
should be delightful.
The Chronicle has for many years published regular
Cleaiing House statistics, because of a significance in them
which we need not stop to point out. Taking these figures as
a basis, Mr. Norton's chief aim appears to be to show that
fluctuations in discount rates may be calculated in advance.
In his own words: "As a business development of such statistical theory and investigation, there would seem to be room
for underwriting companies whose chief business should be
the selling of puts and calls on the discount races far different periods of time. Such work, whether done by independent underwriting corporations or by banking houses, would
be of very great avail in the flotation of new securities and
in the operation of the pools which are so necessary to the

separate place, extensive general lists and summaries are presuch a way as to show readily the
desired.
One
table
In particular attracts attention, this
facts
occupying 20 pages, with the cities arranged according to size,
and indicating at a glance whether public or private ownersented, arranged in

ship exists in each class of work.

nishes a useful contribution to the

Altogether, the book furknowledge of the day on

the subjects treated.

Clearings by Telegraph.— Sales of Stocks, Bonds, &c—
The subjoined table, covering clearings for the current week,
asually appears on the first page of the Chronicle, but on
account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from

..

..

.

August

5

.

.

THE CHKONICLE.

1902.

9.

the leading cities. It will be observed that as compared with
the corresponding week of 1901 there is an increase in the
So far as the individual cities are
aggregate of 3-2 per cent.
concerned, New York exhibits a loss of 1*4 per cent, Boston
11 -3 per cent and Baltimore 5 '7 per cent, Philadelphia records a gain of 166 per cent, Cbicago 126 per cent, St,
Louis 16"4 per cent and New Orleans 16 9 per cent.
OUarings— Returns by Telegraph.
W«k Ending august 9.

$949,046,963
97,153,937
77,680,066
16,100,942
131,166,978
36,498.716
7.384.953

$808 ,679378
109 539,166
66 ,582,46.)

$1,314,988,688
242.019.9"!

$1,657,002 544
320,116,408

$1,529,695,4^4

$1,877,118,952

$1,818,241,017

Boston.
Philadelphia
Baltimore
Chloago
St. Louis
Hew Orleans

Other

eitios.

Total

days
6 days

eltlet. 6

all oltles,

Total

6 day s

day

Ail cities. 1

all oltles

(or

week

-1-4

17, ,078,!>97

+12

116, ,531.565

+lrt"4

6 815.251

+16-9

$1,810, 063.0H7
219, 632.417

+04

Par Value

Actual

or Quantity

Value.

101/110,670
7,726.093,188
*9al9, 120,500
bonds.. $550,8' 3,900 $483.656.7.'0

WooMval':
BR.

Sort bonds

$103-2244900 $8162776,'18
Total.
400.884,900 3 il,834,176
Qraln, bush.
.

Total value.

$
45
29
29

51
32
28

Paul
Denver

37
31
25
25
19

21

19

168
159

Elartlord....

14

26
28
26
21
18
15

16
12

14
13

132
86

9,731

8,970

5,917

450

400

339

6,818 64.603 70,694, 46,997 53.414
306 3,139 2,724 2,412 2,079

TotftlaU... 10,181

9.370
3,288

6 256
2,704

7,124 67,642 73.418 49,409 55.493
2,704 24,137 22,60119,343 19.047

Omaha
Columbus...
Milwaukee..
Suttalo
St.

Total
>ther Cities..

OutsldeN.Y.

288,54f>.533

Aver'ge Par Value
Price. or Quantity

797

Aver'ge

Value,

Price.

'8.474.609.^93

Loan-

Amount

$
216
190
182
1*8

298
203
189
185
184
173
141
130
82

17i

U8
138
125
78

$
236
187
161
147
162
140
127
92
82

SI 1902.

Coupon.

Nora— Denominations of Bonds
Of
Of
Of
Of
Of

9.552,060
46,949,140

97.B16.6flO

50, 5, 4, 200

30,277,760
8,410,800

233,177,400
31,980
134,994,200
19,410,360

145.783,940

931.070,310

I

are

$10 only refunding certlflcates; of $20 loan of 1908 coupon and registered
$50 all issues except as of 1*>8: of $100 all issues:
$500 all excent 5s of 1904 coup.; of $1,000 all issues;
$5,000 all registe'd 2s, 3s aDd 4s; of $10,000 all registered bonds;
$20,000 reglst. 4s loan of 1907; of $60,000 registered 2s of 1930.

;

DEBT ON WHICH INTEREST HAS CEASED 8INCK MATURITY.
June 80

/unded Loan of
18,

July 31.

1891, oontinued at 2 percent, called

$153,700 00
1900; interest ceased August 18, 1900
64,16000
1891, matured September 2 1891..
l,0tS,C10 26
1, 1881

$149,700 00
64,100 00
1,063,010 28

.

Funded Loan of

Old debt matured prior to Jan.

Debt on which Interest has ceased

1563721 4.373

The volume of transactions in share properties on the New
York Stock Exchange each month since January 1 in 1902
and 1901 is indicated in the following:
ALBS OF STOCKS AT NEW TOKK STOCK EXCHANGE.

lotal.
$
446,940,750

$

Q.— J.

Consols of 1980

31. 1902.

Amount Outstanding.

6rt

884.497,390 75c.

484,721.800

Interest
payable,

issued.
Registered.
$
445,940,760
486,388,700
2s,
60.56rt.620
Ss, Loan of 1908-1918.. Q.— P. 198,792,^60
ts. Funded loan, 1907..Q.— J. 740,923.550 182,588,200
40,012,760
J.
certiflc's.Q.—
s Refund's
4s, Loan of 1925....... Q.—F. 162,816,400 104,716.460
10,999.550
5s, Loan of 1904....... Q.—F. 100,000,000
litle of

$1,491,541

193^7994170 15273717,023 78 8

77MC.

"28

21

INTEREST-BEARING DEBT JULY

May

78-7

22

Agg'te Int.-Bearlng Debt. 1,687,985.110 786,264,420

Actual

$74' i,

'26

$

310
207
209
228
200

34
26
26
22
24
20

;

1188
841
$368 427 2946

$1,311,270
$8,189,900
$121,676

3,537

87
28

,

19 ',080.414
14681881.186 78-5
1869923 18*
$685,169, 50n $689,805,113 M»0

78*7

$

DEBT STATEMENT JULY

Seven Months, 1901.

$883,287 113-0
$606.3"8 448
$1,787,807 447-1

$65«,400
$1,361,400
$399,700

State bonds
Banks took s

omitted.)

Detroit
tYovidenoe..

The following statements of public debt and Treasury cash
of the U. S. are made up from official figures ipsued
holdings
+1-8
For statement of June 30, 1902, see July 26, 1902,
+10-9 July 31 1902.
that
of July 31, 1901, see August 10, 1301, vage 269.
164
page
+3 2

1901 are also presented.

Description.

.

+10-2

comparison the figures for the corresponding period of

Seven Months, 1902.

Jan. 1 lo July 31.
1902.
1901. 1900. 1899.

>

1899.

1902.

6

31, ,862,288

Our usual monthly detailed statement of transactions on
the various New York Exchanges is appended. The results
for the seven months of 1902 are given below, and for purposes
of

$$$

Jul i/.
1901. 1900.

,

-118
+16-6
-5-7

271

(000.000s

P. Cent

1901.

1908.

lew York

Seren

:

$1.V76.810 26

$1,280,860 26

DEBT BEARING NO INTEREST.
$346,681,016 00
United States notes
58.84 7 60
Old demand notes
41,929.629 50
National bank notes— Redemption account
6,873,323 88
Fractional currency, less $3,375,984 estim'd as lost or destroyed

—

»

Aggregate of debt bearlm; no

$895,687,816 63

interest,

RECAPITULATION.
1902.

1901.

Classification of

Henth.

Values.

Number
of Shares.

ii§

Par.

Values.

Number

Actual.

of Shares.

Par.

Actual.

$
$
$
$
14,779,223 1.386,108,600 1.039,682,016 30.285,056 2,911.581.850 2,081,745,276
12,986,94* 1,227,630,050 1.010.947.208 21,902,822 2.126.837,450 1,678,947,698
11,967,409 1,143,409.750
870,941,808 27,060,988 3,624,011,160 2,097,984.688

lstqr 39.783.675 3.767.048.400 2.927.470.432 79,248.846 7,661.480,450 5.758,677,eei
April... 28,667,743 2,520,078,475 1,998.046.311 41.719,086 4,089,407,800 3.615,023,287

May.... 13,532.353 1,266,313,000

June..

7,834,768

728,992.950

£48,922.814 36,292,203 3,440,179.575 2,683,101,469
549,276,818 19,795,612 1.930,755,550 1,509,649,867

July 81, 1903.

June

$
981.070.340 00
1,276.810 26
395,687,816 63

$
981,070,340 00
1,280.880 36
395,680,156 63

Dec.
Dec.

1.827,884.966 89 1,328.031,356 89
863,974,599 00
358,674,115 85

Deo.

146,390 00
4,699,516 85

Ino.

4,463,189 85

Debt—

Interest-bearing debt
Debt, interest ceased
Debt bearing no Interest...

Total gross debt

Cash balance in Treasury*.

4,060 00
142,840 09

Dec.

~~

Totalnetdebt
*

Inc. or Dec.
$

80, 1902.

978,910,867 89 ~969.457.841 04

Including $160,000,000 reserve fund.

figures show a gross debt on July 31, 1902,
of 11,827,884,966 89 and a net debt (gross debt less net cash
in the Treasury) of $973,910,367 89.

The foregoing

Treasury Cash and Demand Liabilities. — The cash holdGovernment as the items stood July 81 we have

8dqr. 47,934.834 4 534,384,425 8,497,145,848 96,806,901 0,460.342,926 7.707,774,623

ings of the

mos. 87.653.439 8.261.432.826 6,424,616,276 176056746 17181883,375 13466462,281

prepared from the Treasury statement of that date.
ASSETS.

July.... 18.852.881 1.657.687.675 1.301.476.911 16.084,868 1,577,408.460 1.216.378,902

The following compilation covers the clearings by months
since January 1,
MONTHLY OLEABXNGS.
Clearings, Total All.

Mont*.

1908.

1901.

Clearings Outside

P.Ct.

1908.

$
$
10,365,696,294 10,720,800,645 -0-6 3.736,227,588
8,3<"3.711,478 8.363.705,615 +0-0 3.014.741,508
8.892.948,411 10,007,814,918 —11-3 3,3;6,020.916

..

March

-40
-0
-190

10,136,980,001

8,217,167,796 10,109,722,739 -18*7

lit quar.. 37,922,364,183 29,091,881.178
April.

10,929.629.706 12,015,067,403
10,392,613.381 12,881,374,194

York.

1901.

$

January.
February

New

P.Ct

$
3,319,685,772 +12-6
2.740.111,090 +10-0
3,120,474,186 + 8-6
9,180,271,048 +10-4

3,248,940,484

+6-8
+2-3
+0-0

29,639 299,833 34,966,164,636 —16-6 10,413,781,694 10,133,061,880

+2'8

6 months. 67,461,654,006 64,047.985,814 -10*3 :0,550,771,596 19,313.383,428

+84

May
June.

2d quar.

.

July

10,180,765,812

9,869,781,498

+8 7

3,576.983,118

3,378,178,827

3,586.789,082

3,506,942,06^

3.250,010,394

3.887,184,261

3,287.854.464

+9-1

TrUst

LIABILITIES.

Fund Holdings-

Gold coin

Trust
$35«,*85,089 00
456.317,000 00
894,237 00

Fund Liabilities—

$366,085,089 00
4f6 217.000 00
28,763,000 00
Treasury notes of 1890.

Gold certlflcates

Silver dollars
Sliver dollars of 1890.. .
Silver bullion of 1890..
28,368/; 63 00
Total trust funds
$841,^65.089 is

Silver certlflcates

General Fund Holdings—
Gold coin and bullion... $55,783,986 19
Gold certificates
42,221,070 00
Silver certlflcates
8,771,45800
Silver dollars
16,669,352 00
Sllverbullion
;
2,679,?69 7l
United States notes
9,252,847 00
Treasury notes of 1890..
127,41600
National bank notes .... 12,f37.v 19 12
Fractional silver coin . . . 12,002,930 37
Fractional currency ...
143 64
Minor coin
810,004 96
Bonds and interest pai d
216.283 83
Tot. in Sub-TreaBurie s.»160,»61.5l8 16
In Nat. Bank DepositariesCredit Treasurer of U. S.$l 19.563,534 71
Credit U. S. dlsb. officer s
6.689. »56 61
Total in banks
,$i26,l 52.991 22
Reserve Fond Holdings—
Gold coin and bullion. *T50.ooo nnn n<

Qen. Fund Liabilities—
National bank 5 percent

.

.

. .

Grand

$i,4.8 479,5k#8 38

total

Total trust

liabilities.. t84l.965.089

fund

uu

$14,064,268 47

Outstanding checks and
8.625.99283

drafts.

Disbursing

officers' bal-

ances
Post Office Department

52,583,15361

4,966,98J63

account

g,:<49.669 04
Miscellaneous Items,... .
Total gen. liabilities.. $bs,689.910 38

Cash Balance <k Reserve—
Total cash and reserve. .$363,974,699 00

Made up of—
$203,974,599 00
anl
Reserve Fund
Gold & bull.$ 150.000.000 00

Available

Grand

total

*l,i!78,47H,5»8 88

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.

for the

From oar own correspondent,]
London, Saturday, July 26, 1902.
Jan. 1 to July 31.
1899. 1902. 1901. 1900. 1899.
In the political world at home the most important item of
4,420 43,505 50,817 30,066 36,446 news is the official announcement that the King is now well
508 4,903 4,397 3,966 3,751 enough to go through tbe ceremony of the Coronation on the
624 4,109 4,340 3,596 4,145
404 3,419 3,224 2,757 2,822 9th of August. Of course, owing to the King's state of health,
131 1,513 1,288
932
952
105 1,263 1,264
883 the ceremony will have to be performed with what is known in
950
I.

BANK CLBAHINGB AT LEADING CITIES IN JULY.
-July.

(000,000*
omitted,

1902.

t

«

1901.

1900.

$

Wew York...

6,594

6,082

Chicago......

706
624
522
210
203
113
107
98
78
50
73
56
43

3,552

671
606
435
197
179
102
101

561
482
389
130
134
85
88
67
54
35
49
51
31

Boston.
Philadelphia
Bt. Louie....
Pittsburg..

.

Ban Fran' oo.
Baltimore...
Oisalnnati...

Kansas

City.

Hew Orleans
Cleveland...
Minneapolis.
Louisville...

82
85
37
67
44
37

83
94
60
47
27
44
39
34

750
701
628
540
384
431
363
396

649
729
585
510
337
406
289
274

567
650
472
404
291
325
310
257

526
769
429
386
251
2-8
267
235

"maimed" rights. Nevertheless, there
general rejoicing that in the opinion of the King's physicians he will be able to bear the strain of the oeremony. The
procession through London which had originally been fixed
for the day after the ceremony at Westminster has of course
ecclesiastical circles as
is

.

THE CHRONICLE.

272

Many of onr Imperial, Royal and distinguished guesta have already left the country, but a large
contingent of visitors from different parts of the Empire, as
well as from the United States and the Continent, will remain in London, and will take their part in the forthcoming
festivities. Naturally, under the circumstances, as a spectacle
the incident will be shorn of much of the pomp and splendor
which would have characterized it had the original date, the
26th of June, been observed. Nevertheless, as I have said, people are truly thankful that the King is able to bear the strain,
as there was an uneasy feeling that after all the Coronation

[Vol.

been abandoned.

might never come

off.

Upon

the Continent interest centres mainly in the fight
between the French Government and the Roman Catholic
Church on the perennial question of education. The Associations law passed during M. Waldeck-Roueseau's administra-

apparently, if we may judge from the various newspaper correspondents in Paris, being applied with more
vigor by the present administration. The position of the
Republican Government in France is an exceedingly difficult
one, as it is bound, owing to its traditions, to observe an
attitude more or less of hostility to the Clerical Party, while
tion

%

:

is

1902.

1901.

1900.

JuivZS.

July 21.

July 25

£

£

£

80,179,855
10,225,218
89.647.35*
16,204.8f9
26.658.095
25,271,494
87,676.819

30.118.240
9,766,659
3P.862,417
20,418.646
28,164 842
19,296,8^6
81,639.576

28,607,925
8.413,991
39.690,852
18.08S.582
31.807.683
21,369.018
33,176,943

S
Jlrculatlon..

29,649.990
Pnblio devKTSlU
11,651,661
Other deposits
39.446.653
iOTornment securities
16.9S6.480
Other seouritles
26,881,395
Reserve of notes and coin
26.404,110
3oin&buMon,bothdepartm't* 38,279,100
Prop, reserve to liabilities, v.c.
61J^

Bank rate

3on*ols,
Silver

S

percent.

2H

Tlearlna-Honse returns

154.740.000

i*H

8M

4

9213-16

24^u.

1899.
Julj/26.

85%

60M
8

P6^

per cent

LXXV.

27d.
165,614,000

97 9-16
'i~U&
153,082,000

106 9-18
il^ii
150.697.000

Abell write as follows under date of July 24:
Gold— Paris continues to absorb all arrivals, -which have been on a
more limited scale. The Bank received from China £5,000. from
Australia £30,000, and from South America £20,000. Arrivals:
Australia, £165,000; Cape. £56,000; Bombay, £59.000.
Total,
£280,000. Shipments: Bombay, £27,000; Calcutta, £10,000. Total,
Messrs.Pixley

<fe

£37,000.
Silver— Fluctuations in the price of this metal have been small
during the week. On the 18th the quotation for spot fell to 245 1< d.,
but with purchases for the Continent, and a tender for 11,000 kilos
for the Paris Mint, the price again hardened. We close 247 18 d. for
cash and 245 16 d. for forward, with a steady tone. The Indian prioe
for shipment from London is Ks. 62k. Arrivals: United 8tates,
£40,250; Australia, £20,000; New Zealand, £1^.500. Total, £73,750.
Shipments: Malta, £10,000; Port Said, £1,500; Bombay, £30,000;
Calcutta, £10,000. Total, £51,500.
Mexican Dollars— A small business has been done at 23 7e per ounce.

The quotations

for bullion are reported as follows:

July
July
Silver.
GOLD.
July July
24.
17.
London Standard. 24
uondon Standard.
17
the Clerical Party for their part rarely lose an opportunity of
8.
d.
*.
d.
d
d.
embarrassing their enemies. As far as it is possible for a jar gold, fine
oz. 77 9k 77 9k Bar silver, fine. . oz.
249a
24B
41*
414
delivery
245
76
Do 2 mo.
foreigner to understand the position, it would appear that the U. S. gold ooin...oz. 76
16
16
Bar silver oontain'g
Sernvn gold coin.oz. 76 4k* 76
question has a political as well as a social side. "We are in- French gold ooin.oz. 76 5* 76 5*
25lB
24*8
gold.oz.
do 5 grs.
lf
oz. 76 41** Te4k*
do 4 grs. gold.oz. 24% 24ll lfl
formed, for example, that some of the most vigorous op- (apanese yen
do 3 grs. gold.oz. 249 16 24l«
ponents of clericalism and its works in the Chamber of
oz. 265 16 26k
Cake silver
Nominal.
Mexican dollars. oz. 23k nom.
Deputies, and often amongst those who hold official positions
The following shows the imports of cereal produoe into the
in the Republican Government, have their children educated,
CJnited Kingdom during the forty-six weeks of the season
nevertheless, in Jesuit and convent schools. This has been
compared with previous seasons
asserted so often and never contradicted that it seems
IMPOSTS.
1898-99.
1901-03.
1899-00.
1900-01.
reasonable to accept the statement as a fact. If it be so, it
tmp'ts of wheat, owt.62.162,084 61,410,600 56,732.300 56,719.250
will be seen that even the Republican majority is not so bit- 8arley
20,295,826 18,622,800 14,267,900 21,533,243
15,191,711 20,100,500 16,698.800 13,377,480
Jats
terly opposed to religious instruction as in certain quarters Peas
2,102,150
2,308,740
1,858,539
2,204,530
1,889,570
1.706.206
1,581.240
1,455,420
they are now represented to be. That the Republic com- Beans
Indian corn
.....40,624,012 49.510,500 50,249,400 50,064,860
mands a majority amongst its constituents is of course evi- flour
17.952.603 20.416,400 19,029,000 20,030,605
„
dent from the result of the elections; but that the clerical
Supplies available for consumption (exolusive of stooks on
party is amongst the mass of the French people, nobody who September 1):
1898-99.
1901-02.
1900-01.
1899-00.
will carefully and dispassionately study the fact can doubt.
iVneatlruported.owt.62. 162,084 61,410,600 56,732,300 56,719,250
fmportsof flour
17,962,603 20,416.400 19,029,000 20,080,605
Upon the Stock Exchange business has again been very Saleeof
home-grown. 22,268,651 22,363,582 29,431.009 31,560,218
depressed this week and we are once more being treated to a
series of heavy liquidations, reducing prices more or less
102,388,338 104,190,582 105,242,309 108,860 073
Total
throughout all departments. The settlement now in progress »ver.pricewheat,week.80s lid.
25s. 5d
28s. 7d.
27b. 2d.
268. 2d
26s. Od.
27s. 2d.
Average price, season. 27s. lid.
It will not be
is causing a considerable amount of anxiety.
concluded until the 30th, but it is feared it will disclose
The following shows the quantities of wheat, flour and
further weak spots and may involve a fresh crop of failures, naize afloat to the United Kingdom:
although these are not expected to be of any serious im1900.
1901.
TM$week.
Last week.
2,183.000
2,819,000
qrs... 2,205,000
2,450,000
portance. Nevertheless, they have a very depressing influ- Wheat
286,000
247,000
220,000
equal to qrs... 225,000
ence upon the market, and a further series of liquidations Flour,
815.000
865.000
Vfaise
905.000
ors... 915.000
would be likely to insure depression throughout the rest of
the holiday season. Even the higher classes of investment
Buk1i*M Financial martlet*— P«ir Cable.
securities, such as consols, corporation stocks and home railThe daily dosing quotations for securities, etc., at London
way issues, have not been taken up as the underwriting are reported by cable as follows for the week ending Aug. 8:
houses could have desired, and there are large blocks of
securities held in professional hands which in a normal state
m.
tuet.
Wed. Thw*
Mon.
LOUDON.
Sat.
of thiDgs might reasonably be expected to have been ab24S 16
24Vj
243 lt
247 16
24 >4
d. 24k
per ounce
sorbed by the public, and which, had this ocoured, would silver,
94T8
95 k
957,8
94 k
Consols., new, 2% p. ots.
have left the professionals free either to initiate new business
954
95k
94k
95k
00-671*
0082k
or to assist the market in case of trouble arising. Owing, as JVch rentes (In Paris) fr. 100-45 10065 1(0-75 0067k
801*
S0>*
80k
80k
I say, to the large blocks of stocks in their hands, they
5k
53s
5k
5k
96i*
are lees able to do this than usual.
95
95k
Itch. Top. & Santa Fe„
93k
1041*
Money rates are very easy in the short-loan market, but
104k 105 k 105
111*4
111% 112k 112\
there is a marked reluctance to take long dated paper. Just
99
99
99
99
Preferred. .............
present
the
outside
market has practically emerged from Canadian Pacific
at
140
140
141k 142
the control of the Bank of England, in whose hands it has Chesapeake & Ohio....
55%
55k
55k
56k
32 **
32 H
32
32k
been practical'y for the whole of the first half of the year. <3hloa. Great Western..
19041
191 ^
191k 192 "«
Mil. & St. Paul...
That it will again fall under control at an early date seems Ohio.
45i«
4834
45 H
46k
Den. & Rio Gr.,com....
to
ft
probable. It is understood here, but on this question you
95*4
95 k
95%
95k
do Preferred.
Do
W
39>4
GO
00
393s
39k
39k
are naturally better informed than we can hope to be, that arte, common
70
70 k
70k
69k
careful preparation has been made on your side to avoid as
55
54%
64k
54k
far as possible any stringency in New York in the coming
174
168k 168>s 169k
149
148
149 k
154*
autumn. Care is certainly being taken here to avoid string- Louisville & Nashville..
M
30»4
3084
30k
30k
<5
O
ency in London. The Bank of England is in a strong posi31%
32
32k
32k
Kan. & Tex., com..
(Zj
!5
tion, but were much gold taken, it would inevitably drive up Mo.
<<
64
64k
65k
65k
<
rates in London and make it necessary for the Bank of Eng- National RR. of Mex...
19
19
19
19
m
to
167 84 169
169k 169
land to take meaeures to prevent undue depletion of its gold «. Y. Cent'l <S Hudson..
M
34%
34%
35
34%
M
»7. Y. Ontario <& West'n
reserve. Even the Continent, which lately was so abunW
66 -H
67 k
66 k
B
68k
Norfolk & Western
dantly supplied with loanable capital, has now to a large
96k
96k
98k
96k
Do
do
pref.
M
82
81k
81k
81k
extent found employment for its surplus resources in connecO
84k
S4k
34k
34k
tion with the conversion of the three and a-half per cents in "Phila. & Read
O
O
44^
44
44k
44k
&Read.,lst pref.
H
H
France. In Germany depression continues, but it is gradu- •Phila.
"*
OQ
37
3^k
37k
BO
37k
•Phlla. & Read. 2d pref.
.

4V

,

:

•
•

1

I

i

J

•

j

ally

becoming

.

less

and

less acute.

Tbe India Council continues to sell its drafts fairly well.
It offered for tender on Wednesday 40 lacs, and the applications amounted to 1,881 lacsat prices ranging from Is. 3 15-16d.
to Is. 3 31 32d. per rupee.
The 40 lacs were allotted at
Is. 3

31-32d.

position of the Bank of
England, the Bank rate of discount, the price of consols, &c
compared with the last three years :

Sonth'n Railway, oom.

•

J

The following return shows the

;
.

:

•

Prioe per share.

70"4

4034

40 "*

99

91'

U0«4
94k

•

0. 8. Steel Corp., oom..
pref..
do
Do

70k

s

40»4

92
31
48

78k

liOk

70k
41

70k
4H4

100

100 14

HOk HOk

94
41
92

40 k
92

81k
48k

3H«
48k
78k

78 k

941*

94k
40k
91k
3ik
48k
78k

—

:

.

AUGUST

THE CHRONICLE.

9, 1902.]

273

The foregoing does not include the bonds held in the New
York Sub-Treasury against deposits in banks. There were so
31 $11,292,000 bonds, making the whole
Imports and Exports for the Week. The following are held on July
the Imports at New York for the week ending for dry goods amount at that date in possession of the Government as seJuly 81 and for the week ending for general merchandise curity for deposits $186,042,650.
Aug. 1, also totals since beginning first week January,
The following shows the amount of national bank notes
FOBBIOR IMPORTS.
afloat and the amount of the legal-tender deposit July 1

—

and Aug.

1899.

1900.

1901.

1902.

tor week.
mer»dlse

52,406.640
7,944,309

81,972,857
7,771,296

81,961.902
5,629,642

$1,839,925
6,028,245

Total......

•10,350,949

$9,744,153

$7,591,544

$7,868,170

S74.205.610
255,221,203

$62,547,201
271,741,367

Dry Goods. ...
Gten'l

Since Jan.

1

Dry Goods
Gen'l mer'dlse
Total 31 weeks

i

$73,998,165
254,984,913

$61,643,138
247,137,040

month

The following is a statement of the exports (exclusive of
ipeoie) from the port of New York to foreign ports for the
week ending Aug. 4, and from January 1 to date.
BXPOBT8 FROM KBW YORK FOB THB WEEK.
1901.

1900.

1899.

$10,849,268
303,397,842

$12,763,719
312,190,154

$6,136,474
264,739,256

190S.

«7,073,578
For the -week.,
yrev. reported 275,759,763

Total 31 weeks $282,833,341 $314,247,110 5324.953.873 $270,875,730

National Bank Notes—Total afloat—
Amount afloat July 1, 1902
A nountlssued during July
Amount retired during July,

and

for the corresponding periods in

XPOBTf AMD IMPOBTB OF

SPBOIB AT

HEW TOBR.

Since Jan.

Week.

1.

$2,895,348
1,908,204

Wast Indies.........
7,676

Exports.
Silver.

SineeJan. 1.

Week.

$822,175 $18,755,911
529,731
1,000
149,484
1,978
52,661
700

Germany...

All other countries.

Total 1902......

Total 1900

Sine t Jan..

Amt. of bank notes redeemed in July

46,263
353,181
862,535
16,628

$1,641

196

8782,299
2,206,287
2,651.671

$1,837
66,306
828,9^3

of,

and

in Deposited
show all the

Bonds, Etc.— We give below tables which
monthly changes in Bank Notes and in Bonds and Legal
Tenders on Deposit. The statement for May, 1902, will be
found in the Chronicle of June 21, 1902, page 1290.

1901-02

'

Bonds.
July

June

30..

May

31..

Apr. 30..

Mar.

31..

Feb. 28..
Jan. 31..
Dec. 31..

Nov.

Oct
Sept
Aug.

30..
31..
30..

31..

Under

Legal-

Bonds.

tenaers.

$

318,588,480 42,369,417
317,163,530 42,433,280
316,196,180 43,137,347!
317,484,130 41,874,007j
319,526,330 40,016,025
322,575,030 38,359,943
324,031,280 37,166,224
326,280,280 35,280,420
328,107,480 33,508,525
329,833,930 31,713,069
330,721,930 29,985,481
330,279,930 29,012,804

tenders.

page

i!e

April 30, 1902.

00

°2
.

a

$

$

42,369,417
42,433,280
43,137,347
41,874,007
40,016,025
38,359,943
37,166,224
35,280,420
33,508,525
31,713,069
29,985,481
29,012,804

358,984,184
356,672,091
356,747,184
356,987,399
357,476,407
358,434,867
359,444,615
360,289,726
359,720,711
359,911,683
358,830,548
357,419,155

Dec.

Bonus Held July 31, 1902,

Public Deposits
in Banks.

Bank
Circulation.

to

Secure -

r otal

/

5p. ots., 1894, due 1904
4 per ota., funded 1907..
4 p. ots., 1895, due 1925
3 p. ots.,'98, due 1908-18
2 p. cts., 1900 due 1930.

7,705,600
97,019,300

3'65sDlst. Col., 1924...

910,000

$1,554,900
15,955,500
10,103,350
10,978,180
403,837,200
910,000

$124,750,650

$318,588,480 $443,339,130

$949,000
10,139,500
8,02 o,750

$605,900
5,816,000
2,076,600
3,272,580
306,817,400

est

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$
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314,238,811
313,609,837
315,113,392
317,460,382
320,074,924
322,278,391
325,009,306
326,212,186
328,198,614
328,845,067
328,406,351

of each class of bonds
held against national bank circulation and to secure public
moneys in national bank depositories on July 31

Bonds on Deposit

1.

321.

oc«
- OtH
CO
^oo

_**

A

The following shows the amount

8.

Aug.

1.

$
$
$
$
765,480
721,035
689,585
877,245
805,260
9,821,550 10,487,390 11,316,920 10,981,162 11,280,307

RECEIPTS AND DISBURSEMENTS

8

full explanation of the above table see Chronicle
14, 1901, page 1232, first item in Financial Situation.

.

July

1.

Government Revenue and Expenditures.— Through

Total.

For

it

June

1.

Total.... 40,016,025 41,874,007 43,137.347 42,433,280 42,369,417

3

Legal-

$
31..

Circulation Afloat

for Bank Circulation.

May

1.

Act of June 20, 1874, and July

s

Bonds and
Legal Tenders on Deposit

Apr.

Tend's.

Deposits by—
Lueolv'ntbRs.
Iquld'g bks.

§

Total

$42,369,417

The portion of legal tenders deposited (1) by banks becoming insolvent, (2) by banks 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.

700

$824,153 $19,495,665
143,067 29,472,142
1,366,655 30,486,672

in

63,868

Amount of deposit to redeem national
banknotes Aug. 1,1902

$2,997

6,178

Bank Notes— Changes

$42,433,280

$1,606,670
1,670,533

oourtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Govern31,097
650
ment receipts and disbursements for the month of July.
$34,557 $1,501,751 From previous returns we obtain the figures for previous
1,679.409 months, and in that manner complete the statement for the
132,891
42,847
1,538,870
For
seven months of the calendar years 1902 and 1901.
Import*.
July,
August
statement of
1901, see Chronicle
17, 1901,

$4,811,228 $24,445,258
10.000 29,189,928
16,700 29,665,605

Week.

$358,984,184

notes July 1,1902

SineeJan. 1
84,866
487,550
25
200,965
21.142
728,020
109,183

"

All other oonntrles.

1902.

,

Amount deposited during July

*

$184,625
18,774,514
4,401.654
588,669
42.776
349,974
103,046

1

2,312,098

uegal Tender Notes—

Gold.

Week.

notes afloat Aug.

$356,672,091

$5,637,150
3,325.057

ed'o'gund.*
•ot of 1874. 29,317,230 80,581,357 81,054,947 30,731,083 30,399,575

Imports.

JBxports.

during the

Amount 01 deposit to redeem national b anfe

The following table shows the exports and imports of
New York for the week ending Aug. 2 Legal

Total 1902
Total 1901
Total 1900

and their increase or decrease

Amount bank

329,426,813 $334,288.568 9328,933,078 8308,780.178

speoie at the port of
and sinoe Jan. 1, 1902,
1901 and 1900.

1,

of July.

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Q

Deducted from July "Miscellaneous" 1901
Received on account Central Pacific Indebtedness....
a Deducted from February, "Miscellaneous" 1901
Received on account of Central Pacific Indebtedness
t Deducted from March, "Miscellaneous" 1901...
Received on account of Central Pacific Indebtedness
t Deducted from June, "Miscellaneous" 1901
Received from sale of claim against Sioux City & Pacific
*

,

)
5

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017 05
•«»' DL, "' ,,i
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24

)

To make the figures conform to the Government
ment, the amount mentioned in above foot-note should be
added to the Receipts as indicated therein. We have deducted this item, as it does not belong to the regular income
account, and if included would disturb the comparison with
former and future vears.
Treasury. Currency Holdings.—The following compilation, based on official Government statements, indicates the
currency holdings of the Treasury on the 1st of May,

state-

.1

t
C

>

.

^

C

THE CHRONICLE.

274

June, July and AngUBt, 1902. For statement for corresponding dates last year see Chkonicle of August 17 1C01, page 321.

BANKS.

Capi-

lOOt omitted.)

tal.

Niw York City
Borough of
Manhattan,

1902 J'nt 1 1908 July 1 1902 Aug.l 1902

Boldinos tn tiub-TreasuriesAetcrold coin and bullloD
Netsilver coin and bullion
Net U. S. Treasury notes
Netlegal-tender notes.
Net national bank notes
Net fractional silver

242,94 5,98* 24",5E4,8°S 262,191,128 248,005,006
19.3f-8.261 2M40.814 a5.275.9Sh 27,010,170
127,416
164.32H
137,565
89,^7
9.2S2.347
8.63rt,27S<
10,416,161
8.572,902
8.U82.718
9.117,164 10,740,341 1»,«37,»19
12,444,691 12.793.627 14,0*2.' 45 12:1.02.630

Cash in Sub-Treasuries.

2P2.423.ie6 2Bfi,608,fiO0 n<\802,2i8 309,335,086
120,SH0,716 l24,b8<f,0J4 126,6i>6,5l8 126,132.991

Amount in

national banks.,

$

I

Gash in banks &sub-treas.
Dnduct current liabilities.*..

412.819,900 4B4.48S,«04 48M.808.7H] 436,4 88,077
78,079,917 79,138,874 80,7 34,615 81.513,478

Gold reserve fund.,

384,739,983 845.360,230 358.674.11H 858,«74,6K9
160,000,000 150,000.001 160,000.000 160.000,000

* "Chiefly

184.739.983 195.850,230 20",674.116 203.974.599
'

disbursing officers' balances."

Stock of Money in Country.— The following table
shows the general stock of money in the country, as well as
the holdings by the Treasury, and the amount in circulation
on the dates given. The statement for June 1, 1902, will be
found in the Chronicle of June 21, 1902, page 1289; for that
of August 1, 1901, see August 17, 1901, page 831.
r-Stock of

Money Aug.

1.—

1902.

IBeld in

In the United

/-Money in Circulation.^
Aug. 1,
Aug. 1,

Ireasury.
*
248,005.005
Gold coin (Incbul'nln Treas.)l,199,925,457
•Gold certificates
540,682,817 24,330,810
Standard silver dollars
"Silver certificates
98,225,389 12,002,936
Subsidiary silver
127.415
«8, 63,000
Treasury notes of 1890
9,252,847
846.681,016
United States notes
Curr'ev cert. Act J une 8, '72
858,984,184 12,937,219
National bank notes
States.
$

—

Fourteenth Street
Sansevoort.
Samilton
Mount Morris
fntual
Nineteenth Ward.
Plata
Riverside
State
rwelfth Ward....

100,0
200,0
100,0
100,0
100,0
200,0
100,0
200,0

Twenty -third W'd
forkville

Washington

387.i28.ti69

1901.
•
630.547,355
256.417,399
66 588,^28
4S1.0 0,769
80.195.»27
45,915,905
S32,»*0,899

316,016,966

346.980,997

1902.
t
631,156,433
314.7K4.019
68,906,465
417,445.642
8H.222.469
28,635.685

Variok

...2.667.261.863 306.655.726 2,860.608,187 2,189587,149

Population of the United States Aug.

1,

1902, estimated at 79,280,000; circu-

lation per capita, $28 63.

,

Jefferson

Centnry
100,0
,
W&sh'grtonHelghts 100,0
United National. 1000,0
Bedford

150,0
100,0
800,0
100,0
Fifth Avenue
100,0
ttanufaot'ra' Nat'l. 262,0
Meehanico
600,0
Merchants'
1C0.0
Nassau National.. 800,0
National City
800,0
100,0
North Bide
100,0
Peoples
Seventeenth Ward 100,0
Sprague National.. 200.0
Twenty -sixth W'd. 100,0
Onion
200,0
100,0
Vallabout

Broadway

Brooklyn
eighth Ward... „..

Borough of
Richmond.
Sank of Staten Is'
lstNat.,Statenlel

1446,4
1656,1
1496,7
366,0

188,7
199,3
170,8

«

*

9

161,1
108,0
67,2
79,0

98

1

76,7
122,1
126.2

77,5
166,0
154
112,0
123.7
41,8
31.0
53.4
68 9
18,1

I

2200,0
2801,0

132,2
253.0
397,0
157,1
119.4
851.0

160,0

1398

1672,7
1810.4
8058.0
975,5
252,0 5493,0
1836.0
4*3.8
1327,8
7.8 1628,0
690,3
9,7
549.4
"*4
696,2

8,0

24135
6,0

1710,2
1968,7

58,0

2986.8

28,S

311.0
86,5
78,0
114,0
180.0
78,6
138,7
50,8
41.0
87,1
127,7
21.3

211,0

98,7

10820

8

148,8
375.1
1196,8

30,5
42,2

0,8

46,3

17,7

5,9

74,9
86,6

586,7
704,1

18,6
42,9

400,0 991,7
850,0 810,1
260,0 804,4
200,0 258,0
110,0 493,5
125,0 127,5

4764.3
2282.5
1244,2
1211,3
2380,8
1008,7

516,?

110,8
201.6
110,5
43,1

91,7
105,3
46,6
42,3
24.8

11.1

15.8
85,4

40.6
743 2
80,9
482,6 2908.1 385,3
852,9 8770,7 208.8
10,0
83,7
788.7
628.3 3882.0 176,0
676,2 2936,0 184,0
11,8
934,1
163.8
44,7
136,7 1,243.1
641.2
8,6
75,9
5616 1037,2 96.1
76
530.1
56,9
42,1
135,0 1,262,0
35,4
778,1
83,4

25,0
iOO.O

1560.9
1799,4
1518,7
18,0
412.9
693,8
20,7
8815,2
20,0 4760,1
857,9
28,0 4236,0
70,0 3191,0
177,3 1005,8
46 ( 1803,2
487,6
84,4
60
954,2
17 658.8
169 f 1,341,0
38.6
765,3

186.fi

66

63,0
378,2
297,1
97,5
623.0
400.0

102 2
176,8
66.7
800,0
231,0
47.2
80.1
42,8
11.9
28.3
84,8
38,0

64.1
64,-J

87.6
168.4
103,4
107 4
38,7

19,0
10,0

89,3
160.1

12,0
68.3

361 7
277 4

23

8

1296

40.3

78.8

640,5
727,8

3784 5704.0

315,4 1145.C
66.6 250.8

74.2
79,6
42.3
119,1
81,6

3

7,5

Other Cities.

ot Nat., Jer. City,
ffud. Co. Nat., J.O.
SdNat., Jer. City..
SdNat., Jer. Oity..
1st Nat., Hoboken.
13 Nat., Hoboken.

For redemption of outstanding certificates an exact equivalent in amount
or the appropriate kinds of money is held in the Treasury, and is not included
In the account of money held as assets of the Government.
+ This statement of money held in the Treasury as assets of the Government does not Include deposits of public money In national bank depositaries to the credit, of the Treasurer of the United States, and amounting to
8119,5t'-i.53i 71.
For a full statement of assets see Public Debt Statement.

S
f
•
55.8
168,7 1973,6
246,4 2768,0 114,0
98,6 1863,0 162,2
9,8
42,9 1843,0
92,9
110,4 1866.2
91,6 9331.9 161,7
41,0
180,7 1678,1
28,7
170,6 5620,7
340,6 2930,0 151.0
860,1
18 3
101,1
364,4 4926,0 832,0
37,0
73,3 1432.0
44.4
82,2 1140,8
252,0 1499.B
50,1
717.1
11,8
43.3
106,2
679,4
10,6
704,0
62,8
8,9
1S75.6
77,1
8,6
254,0
67,6
3.1
423,4
7.8
100,7
209,1 2107,8 252,2

Soro'h of Brooklyn.

,

Total..

I

100,0
800,0
100,0
200,0
200,0
260,0
200,0
200.0
100,0
100,0

Colonial
'Jolnmbia

Sldelity
1

Available cash balance.

Let. I Deposit. toun
Net
Invest- 3pseie. AB'k. OUar'g Othe~ Depctiti
ments.
Notts Agent. Bks.<Su

Sur- Loans &
plus.

,

TREASURY NET HOLDINGS.
May 1

LXXV.

[Vol.

2021,0
1211,2
1238.6
2122,3
1046.3

97.8

631
17.'

21,3

22

e

*

Totals Aug. 2.. 8612,0 8383,4 75129,7 3470,1 3981.9 8180.2 2143. 78991,2
Totals July 26.. 8612.0 9326,8 76324 4 3674.3 183 2 7856,7 m7.i 101706
Totals July 19.. 8632,0 8326.6 76722,2 3597,4 4286,0 8268,7 2395,3 81383.9

:<ew liark City, Boston & Philadelphia Banks.— Below
furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.
•ve

New Korft *JH* Oieariugf Rousts Banks.—Statement of
condition for the week ending Aug, 2, based on average of
daily results. We omit two ciphers (00) in all cases.

UavM'
N.

BANKS.

Capital. Swrj»iu«.

Loan*.

* „
9
f
ot N. Y.... a.ooo.o 8,220,7 18,294.0
Manhattan Co... 2,050,0 2,386,0 24,478,0
2,000,0 1,218,8
Merchants'
Mechanics' ...... 2,0d'J,0 2,476,5
1,500,0

8,876,3

I4,'i02,6

13.886,0
21.414,3

265,1
6,897,0
1,000,0
Phenlx
Oity ••*.•••••• 26,000,0 16,166,1 131,239,9

Merohants' Ex..

300,0
600,0
1.000.0

6*aii''.tln

Bntch.A Drov'B'
Meoh.A Traders'
Leather M'f'ra..
Seventh Nation'
American Kioh.

Commerce

800,0
400,0
200,0
600,0
1,700,0
*,W)U,<;

10,000,0
1,000,0
1,000,0

Mercantile
Paoirto

4,22,7

450,0
100,0

NorSh America.. 2,000,0
K.000,0
Hanover
l.ooo.o
1,650,0

Irving..
Oltlzeno'

600,0

900,0
Market A Fulton
Shoe A Leather. 1,000,0
Corn Exchange.. 1,400,0
Iniit't'rs'ATrafl.
ft,

800,0
1,600,0
2,000.0

260,0

Fourth

8,000,0
1,000,0
800,0
First.............. 10,000,0
600,0
N.Y.NaflExch.

Central
Second.. ........

Bowery

.....

N. T. Connty....
German Amerl..
Chase
Fifth

A venae ...

German Exch...

of

260.0
200,0
750,0
1,000,0
100,0

200.0
200,0
800,0
1,000,0

Garfield
Fifth

Bank

LeQa.lt.

ReDeposits serve

200.0

Metrop.

Western
Nat., B'klyn.
Liberty
1ST. Y. Prod. Ex..
Iflt

New Amsterdam
Aetor

United States..

1,000,0

200.0
600,0
3,100.0
800.0
600,0
1,000,0

500,0
860,0
600.0

7,212,4
283.8
2,118,6
77,4
151,6
184,6
609,8
120,4
8,486,1
7,269,6
1,874.8
1,886,9
649,0
1,010,6
861.3
1,968,8
6,763,1
978,3
601,2

24,636,1
6,128,9
8,906.6
1,860,3
8.51)5,0

1,157,0
4,881,6
6,428,2
38,832.0
72,044,0

9
2,879,0
7,326,0
2.644,9
2,030,0
3,406,8
1 359,0
26.098,6
4.835.4
794.7
806,1

444.8
491.0
107,0
1,495,3
1,333.4
4.293,0
9.422,4

7.'J4b.4

l,li'6.8

14.239.7
3.269,7
6 224,6
1.972.3
16.486,5

2.128,0
406.9
70»,6
203,8
2.610.4
8,279.2
639.6
886,7
479.3
1,124,7
90d,5
4.073,0
200,4
3,806,0
14,616,5
166,6
3,194.0
2,162,0

47,11)8,4

5,784,0
6.944.8
2.781,6
296.9
6.810,1
1,017,1
8.908,2
366,7
1,838.3 26,619.0
1,795,0
420,3
6,233,0 28.771,1
4,803.6 62.6*8,4
1,224.2
146,6
2,669,7 21.622.0
667,3 11,019.0
9,728.0 1,526.0
1,174.4
12,274,6 76,654,4 16.636,7
962,1
6,349,4
367.8
300.0
2.711,0
772.8
8.86S,3
689,4
611,1
814.2
S,615,f
436,2
8,181,0 41,120.1 10,471,4
2,41t,6
P.3'i3,3
1,488.8
220.0
2,613.7
621,4
414,2
2,941.0
850.1
716,4
1,168.0 11.020,8
7,619,0 1,664.2
1,262,1
462,7
3,341,9
390.4
1,233.8
8 808,8 1.668.8
2.934.0
491.0
472,0
1,128.4 12,709,0 2.117.0
9.628.6
3.049.4 40,332,6
665,0
4,009.0
633,0
1,4UO,0
873,2
7,310,3
687.0
4,146,4
443,0
7.414,0 1.486,3
654,1
8(53.1
4,176,0
491,4
743.4
448,4
4,368,7

9

•
17,905,0
30.318,0
16,491,0
13,876,0
3,011.' 24,857,6
829,0
6.245,0
8,581.5 121,835,2
2.282.
24,634.*
662.0
521 B
888,8
6,851.6
81.4
2,174,7
264.0
8,865,0
177,6
1.062,3
227,6
6.374.0
808,6
6.432,9
2.140.
22 bHl.O
6,836.* 82.794,2
370.1
6,206,6
1,799.6 16,815,2
464.
3.875,6
866.8
6,326.2
820,6
2,689,1
1.381. t 15,818,1
1,799,0
2,066.0
1,600,5
1,888,0

ft

6,448.8
522.4
868,1

277.2

699^
222.7
2,873.0
820,4
1,208,0
4,709..
184.0
2.796,0
1,083,1
1,186,0
2.069.7
8P8.K

224,0
844.7
262,''
2,392.'.'

1978
428.*

673>
2,678,6
287,6
188,1
602,1
804.0
1.770,0
2.77K.3
975,0
425.C

481.9
681,8
211,0

912

64, 609. H

4.963,0
6,936.4
8,206,3
6.647.8
4.4V9.8
28.632,11

1.739.0
21.223,0
67.084.1
1,336,5
33,631,0
18.835,0
10.612.0
71.824.5
6,366.6
3,001.0
4.682.2
3.837.*
49.768,6
10,362.9
3,050,8
4,6B8,8
12,635,3
7.488,7

P.V.

266
30 6
25 1

246

July

12..

"

18..
26..

Aug.

2..

«(«.*
July 19..
'•

Aug.

Lecals.

Deposits.*

Circ'l'n,

9

9

$

211,947,3
211,947,8
214.609,8
214,609,8

906,776.2
903,327 8
913,^94,6
919,671 6

I
1705072
1731887
1741366
1734439

In."

270

18..

28-0

-

26..

391

An*.

44.764

185,158,0
44,784,0 184.845,0
185.040.0
44,764

2..

We omit two ciphers in

•

Inolndlno fnr

243

rtost.on

20-fl

38-9
Ai-0
26'4
38-1
25-8
24-2

256
22'4

24 - tf
31-8
24'2
3B-9
28 4
25*8
23*6
27-4
25 4
24*2

77,239,? 942,188,0 31.777.2
77.713> 940,892,9 31.809,8
79,390,1 952,097,2 31,997,7
78,680,? 957,145,5 32,184,1

52,822.0 186.887.0 16.869,0
62322.0 186,138.0 17.046.0
62,322,0 186,245,0 16.930,0

2.

1. 1

July

25-4

Specif.

9

28..

36-8

2fil

Loam.

$

Y.»

"

B»nk

Par

Specie.

I

Burpiitt.

Bambs.

Anction Sales

13660684
15176731
16165868
14772171

5 001.0 140.790,6
136.379.8
6.000
4,996,0 117,628,8

7,002.0 210.006.0
6.HH.C 307.764.0
6,214, 205,676,0

56,585,0
65,721,0
57,278,0

Clearing

8,898,0 115.322.5
8,900,0 l')9,983,6
8 926
135.179,2

216,986,0
214.216,0
317.196.0

all these tgures.

and Phtladelpnta the Item 'do« 'O ntnor banc».

—By Messrs. Adrian H.

Mnll*»r

Siocks.

& Son

:

:

Stocks.

2 Panama RR. Co
SO Western Nat. Bank
600
76>a
83 Chatham Nat. Bank
354^
25 Trust C". of America.... 290^8
50 Bay State Seam Face
10 Lawyers' Title Ins. Co... 428
Granite Co.
Bontis.
25o. per sh.
2 Adirondack League Club
$10,OOONewAmt-terdamG*s
670 560
C'J. 1st Con. 58. 1*48. J&J.U214
100 Corn Eroh. Bank ...446-447
$10,000 B'klyn Ferry Co of
25 Alliance Realty Co
132««
N. Y. Con. 5b, 1948. F&A.

104Greenwlch Back
400
78^ to 78%
5 Erie Telephone Co
$10 lot $15,000 Tenn. Coal Iron &
100 Fleming CoalACokeCo.$51 lot
J&J...
93
RR. Gen. 5s, 1951.

^atxMttfl i%n& ffttiaiixial.

289
23 6

288

Trask
BANKERS,

Spencer

25'ft

36'3

230
25 5

2Y8
252
174
220
24-5
25 9
26-2
21-2

27

&

29

-

NKW YORK

-

INVESTMENT SECURITIESMembers N. Y. Stock Hxchanite.

Branch

Moffat
New

&

Office.

66 State

St.,

Albany

White,

Members
York Stock Exchange,
1 NASSAU STREET, CORNER WALL.

Dealers In Investment Securities.
Tel. 5820-6821 Cortlaudt,

Tracy

100072,7 1146871 919,671,6 1784439 79,680,6 957,145,6 26-4

Reports of Non-Member Banks.—The following is the
itatement of condition of the non-member banks for the
week ending Aug. 2, based on averages of the dally result.
We omit two ciphers (00) in all cases.

-

Co.,

Transact a general bankin* business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in

231

28-0
24-5
3,457,7 24-4
8,780,0 24-7
3,180,0 250
16,027,0 26-6
47,474,8 35 9
4.712,0 34 8
7.281.0 26-4
4.038,6 25'9
8.84 2.6 24 7
26'8
4,159
3,919,8 218

PINE STREET,

&

No.

CHICAGO.

6c

40 Wall

Telephone Stocks a Specialty.

Co., Bankers,
NEW YORK.

street,

MILWAUKEE.

Connected by prlrate wire.

Dealers In High Grade Bonds.
List of Current Investment Ofcrtngs sent on Application.

New York Stock Exchange.
H
M «. mWl
mDe™ Chicago
Stock Exchange
)
}

Commission Orders

Executed

In all

Marketr.

1

AUGUST

THE CHRONICLE.

9, 1903.]

275

©a^jetfce*

ipauluers'
DIVIDENDS,

2a,
is,

2S,
38,

Name

or

Per

Company.

Cent Payable

Railroad* (Steam V

3

1 4 Sep
Cleveland & Pittsburg, guar. (quar.)..
S Oct
N. Y. <fe Harlem, com and pref
Sep
1
St. Louis <fc San Fran.. 2d pref. (quar.)
Street Rullwnvs.
15c.
Aug
Ry.(mthly)
Saoramento(Cal) Elec.a.&
Fire Insurance.
Aug
5
Peter Cooper
tllncellaneoua.
Sep
2
Brooklyn Union Gas (quar.)
1
Sep
Butteriok Co. (quar.)

Diamond Match
Kings
Mllw.

<fe

Power

(quar.)

Chio Breweries. Ltd., pref....

NUes-Bement-Pond, com
» do
pref. (quar.)
do
Pratt & Whitney, pref. (quar.)
Standard
t

OH

(quar

Sep

at

1

2

15 Sep

7

ih Aug 20 Aug 16
14 Aug 15 Aug 10
Sep

$5

)

15
15'

Sep 1
Sep 1
Sep 12
Sep 1

to
to
to
to
to
to
to
to

Aug 15
Sep 15

Aug 20
Aug 15
Aug 15

Holders of rec.

Also 2 per cent declared payable December 15.

WALL STREET, FRIDAY,

Aug.

2

4

Q—Jan
Q—Jan

registered
1930
oonpon
1930
1930 .smaJ.reglstered
oonpon
.small
1930
registered
1918
coupon
1918

Aug.
5

Aug.
6

Aug.
7

*107i* *107>4 *107>« *107i*
*107i4 no? * *107>« *107>4
1

*i'06»4 *ib*5'4 *i05»i

*

*105»4 *105»4

*

*

106*4

*106 34 *105»4 *i"0534

132

*132

AUG.

8,

1902.-5

P.

M.

The Money Market and Financial Situation.— Interest in
Stock Exchange operations has steadily increased and the
volume of business in both the s ock and bond departments
f

107 1«
10714

10554 105*8 *105»a
10534 *106»4!*105i«

»ibs'*4 *i05»il*i'05'i

*108>* MOrti* •lOHVj *108>4
*108>4 •108 >4 •108 1* *ioa>4

*132

Aug.
8

107 U
107 '*

los^lnos *
*108>4*108^
U32 *132
132V132W
U04 |*104
1

*132

*132i* "132 1* •132>4 *1S2>4

"104
*104
*104
*104
coupon Q -Feb "104 *104 *104 '104 *104
1904
"This is the price bid at the morning board; no sale was made.

5s.

1

Aug 15
1 Aug 21
a^ Sep 12 Aug 31
2 Aug 23
lSs Sep
2 J* Aug 15 Aug 8

(quar.)

Co. Elec. L. Jb

Holders of reo. Aug 9
1 Holders of rec. Sep 15
Sep 1
1 Aug 17
to
1

Aug.

Periods

Q— Feb
Q— Feb
1918, small, registered Q— Feb
Q— Feb
coupon
small
1918,
registered Q — Jan
Is, 1907
coupon Q — Jan
is, 1907
registered Q— Feb
is, 1925
coupon Q— Feb
is, 1925
reg'-atered Q — Feb
5a, 1 904

as.
SB,
3s,
3a,

Books Closed.
(Days Inclusive.)

TV Ken

Interest

1*104

State and Railroad Bonds.— Sales of State bonds at the
Board are limited to $20,000 Louisiana consol. 4s at 107.
The railway bond market has been unusually dull and
generally steady. The transactions averaged only about
$1,600,000. par value, and were made up largely of low-priced.
Central of Georgia were the most prominent exissues.
ceptional feature, advancing from 2 to 6 points. Fractional
advances were made by Union Pacific, Northern Pacific and
Erie issues, Pennsylvania warrants for new 3J^s, San Antonio & Ar, Pass 4s and by Norfolk & Western P. C. & O. 4s.
Railroad and Miscellaneous Stocks.— Irregularity has continued to be a prominent characteristic of the stock market.
The transactions increased from an average of a little over
300,000 during the early part of the week to 650,000 on Thursday, and prices fluctuated widely. Missouri Pacific declined

has about doubled since the early days of the week. Although there has been no uniform movement of prices
accompanying this increasing activity, much the greater over 2 points, Rock Island 2 points, and several issues showed
number of issues has advanced, and declines of importance a tendency in the same direction, including Union Pacific,
are exceptional.
Reading, Manhattan Elevated and Brooklyn Rapid Transit,
Acts of violence and crime in the anthracite coal regions and a few others were barely steady. On the other hand,
have further weakeDed the cause of the strikers, and expecta- Burlington Cedar Rapids & Northern advanced 15 points,
tion that the mining of coal will soon begin is prominent Nashville Chattanooga & St. Louis, Hocking Valley and
among the influences that have stimulated activity and Kanawha & Michigan about 10 points and Illinois Central
strength in the security markets.
and Louisville & Nashville about 5 points. The list of
Other favorable influences have been the progress now stocks that advanced from 2 to 5 points includes Atchison
making with the enormous spring-wheat harvest in the common, Canadian Pacific, Norfolk & Western, Texas
Northwest, crop conditions in the com belt and the cotton Pacific, St. Louis Southwestern, Cleveland Cincinnati Chibelt, and by easy money-market conditions.
cago & St. Louis and New York Chicago & St. Louis issues.
The gold exports of the week are limited to $500,000, the Accompanying strength in the Vanderbilt stocks has been
destination of which is reported to be Vienna, and its ship- revived the rumor that a new financial plan to embrace
ment the result of a premium offered for the metal.
the entire group is about to be announced, but of this there
The open market rates for call loans on the Stock Exchange is no other evidence than the advance noted.
during the week on stock and bond collaterals have ranged
Of the miscellaneous list the express stocks were confrom 2^< to 3 per cent. To-day's rates on call were 2% to 3 per spicuous for an advance of from 5 to 10 points. Anaconda
Prime commercial paper quoted at 4.% @ 5 per cent.
cent.
Mining declined 4 points, American Sugar Refining adThe Bank of England weekly statement on Thursday vanced 2 points and the United States Steel issues were
showed a decrease in bullion of £1,346,160, and the percentage relatively steady.
of reserve to liabilities was 4y 15, against 47'93 last week,
For daily volume of business see page 28fy.
the discount rate remaining unchanged at 3 per cent.
The
The following sales have occurred this week of shares not
Bank of France shows an increase of 25,775,000 francs In gold
represented in our detailed list on the pages which follow.
and 2,325,000 francs in silver.
The New York City Clearing-House banks in their stateSales
STOCKS
Range for Week
Range Since Jan. 1
for
ment of Aug. 2 showed a decrease in the reserve held of

&

-

Week Ending August 8

$502,200, and
a surplus over the required reserve
$13,738,125, against $15,502,400 the previous week.

of

Amer Agricul

Week
330
100
100

Chemical.

Preferred
Telep & Tel rights..
AmerTouacco pref
Buff Roch <fe Pitts rights

Am
Differences

1902
Aug. 3

1901
Aug. 3

from
previous week

1900
Aug. 4

$
Capital

Surplus
Loans <fe discounts

$

100.072,700
114.537,100
819.671,600 Inc
32,184,100 Inc

Legal tenders

173,443 900 Dec
79,580,600 Ino

6,377.100
186,400
5,048,300
692,700
190,500

Reserve held
35 p. c. of deposits

253,024.500 Dec
239,286,375 Inc

502,200
1,262,076

Surplus reserve

13,738,125 Deo

1,764,275

Otrcnlatlon
Net deposits
Specie

NOT*.— Returns

957, 145. 500. Ino

of separate

83 222,700
97,365,600
878.508,900
80,572,800
955 912.200
180,645,700
80,597,700

74,222,700
91,035.000
803,697,900
86,645,700

261,143.400

252,765,500
223,620,625

238,978050
22,165,3501

894 4»2 500
176,586,400
76,179,100

29,144,875

banks appear on page 274.

28 Aug
893gAug

15i4 Aug
50 145 Aug

^Aug
Aug

59*cAug

59ViAug

.

Union

Pacific rights

S Reduction
Preferred

&

91,293

Refg..

—

100
100

IS'iAug

Aug
Aug
230 Aug
134 aAug
61 Aug
37 Aug
101 Aug
84 Aug
80 Aug
195 Aug
25 Aug
60 Aug
250 Aug
9 Aug
193kAug
2 34 Aug
5 Aug
8
34 Aug

975
l^Aug
400 190 Aug
700 133 Aug
100 61 Aug
1,000 35 Aug

Burl Cedar Rapids & Nor
Canadian Pac subs 2d pd
Denver & 8onthwest prf
Distil of Atner pf tr rects
General Chemical prof... 1,500 lOO^Aug
Iron Silver Mining
100 084 Aug
Maryland Coal preferred 100 80 Aug
Morris & Essex
100 195 Aug
New York Dock
200 25 Aug
Preferred
105 58^2 Aug
"0 Aug
Northern Central
100 250
Ontario Silver Mining...
100
9 Aug
Pittsb Ft Wayne & Chic
100ll93>4Aug
Quicksilver Mining
50
2 34 Aug

U

Aug
89% Aug
29

34

145

l 34
1

Mar 32 14 J'ly
82^ Jan 91 J'ly
14 J'ne lS^Aug
21

Jan 151 ^Mar

140

1 6 Aug

l 34 Aug

139 Feb 230 Aug
122 ^May ISiWly
49 Jan 64 Feb
3478 Aug 37 J'ly
98>sJ'ne 101 May
0-^4

Aug

0-84

Aug

72 Apr 80 Aug
195 Jan 198VjApr
12 Feb 28 Apr
39 "a Feb 60 Aug
23S J'ne 250 J'ly
7 58 Mar

9^ Jan

192 l4 Apr 194 s4 May
4 Aug
sAug

a3

438Mar
"sAug

Aug 44 BsMar
59^2 Aug 68 Mar
34

Foreign Exchange.— The market for foreign exchange has
Outside Market. While the amount of business done on
been dull and firm on a moderate demand and limited the curb this week appears again to have been somewhat
offerings of bills:
reduced, aggregate transactions have been of considerable
To-day's actual rates of exchange were as follows: Bankers' magnitude, and fluctuations in prices have been rather
sixty day sterling, 4 8550@4 8560
demand, 4 8790@4 88; marked throughout the entire list. Unusual interest was
cables, 4 8830@4 8840; prime commercial, sixty days, 48525® centred in the bonds, Oregon Short Line 4s again leading
4 8535; documentary commercial, sixty days, 4 84%@4 85%; at 933^@94J4, a slight gain on last Friday's final figure.
grain for payment, 4 85%@4 85%; cotton for payment, 4 84)£ Rock Island 4s were very lively at 89%@91%, declining
@4 84%; cotton for acceptance, 4 8525(34 8535.
later to 90J^, and the common and preferred stocks were
Posted rates of leading bankers follow:
also strong, selling at 48^(®44% and 83@81. respectively.
Great strength was shown by Va. Iron Coal & Coke, the stock
August 8
Sixty Days
Demand
advancing steadily from \%% to 18^, receding later to 17^,
Prime bankers' sterling bills on London.
4 86
4 88>a
and
the 5 per cent bonds rising from 63 to 69?s« United
Prime commercial
'3*4
4 8525
8535
States Steel new 5s rose from 97% to 98%, but broke to the
Documentary commercial
4 84>* ®4 86'4
Paris bankers' (Francs)
518>s ®5 17»»* 5 16^ ®5 15V
former figure, and the "Monon" bonds of the Louis. & Nash,
Amsterdam (guilders) bankers
40
® 401 18 40V ® 40>«
were dealt in for the first time at §§%@§5%. With the exFrankfort or Bremen (relchm'ks) bankers 94»i 8 a 95
95B
ie
95H ®
ception of Montreal & Boston, the copper stocks were weak
• Leas heThe following were the rates of domestic exchange on and very quiet. Montreal & Boston, however, found a fair
New York at the under-mentioned cities to-day: Savannah, market at 2%(el2% and small purchases of Tennessee and
buying 75c. discount, selling 75c. premium; Charleston, Greene Consolidated were made at 17%@17 and 27J£@27%,
Northern Securities snares were comparabuying par, selling 1-10 premium New Orleans, bank, par; respectively.
commercial, $1 00 discount; Chicago, 35c. per $1,000 pre- tively quiet and declined from 107@106%, rallying ultimium; St. Louis, 10c, discount @ par San Franoisco,7Kc mately to 107%, while Manhattan Transit realized a slight
gain, closing at 1%, against 6% last week
United States
per $100 premium.
Realty stock was largely dealt in, the common falling off,
United States Bonds.— Sales of Government bonds at however, from 36 to 34% and preferred from 84 to 8l}i.
the Board are limited to $7,000 3s, reg., at 105,%, Following New Orleans Rys. (w. i.) sold at
16J^@17^t for common and
are closing quotations
for yearly range see third page fol- 56% for preferred.
lowing.
Outside quotations will be found on page 284.
;

-

;

;

;

%%

H

1

New York

Stock

H

H

'

8

.

Exchange— Stock

Weekly and Yearly

Eecord, Daily,

OCCUPYING TWO PAGES
STOCKS— HIGHEST AND LOWEST SALE PRICES
Monday
Aug. i

Saturday
Aug, 2
*S8

40

*38

•69*4
91

71

*69% 71

91%

•38

40

J97
69
•113
•140

701

96%
69% 69%
12534

31
*92

31 %
92%

•87% 89
49

190
53% 54
42 % 42 3

.j

70% 76%

*218
•146

220
149
"-2

49

i86%i86% 186
193% 193 4, 193

239

76
87
187

*73
*83

11(3

193
242

194
245

190
165
200

190% 190

76

88

186%187

242 % 242%

242

Ann Arbor.

40

"70

94'h

190 % 191% 190 192
167 167 *165 170
•200 210 *200 210
22
22
22 % 22 34
39% 39K. 39 H2 39 34
15% 15 H> 15% 16
*50
60

170
210

22%
39 Hi
15

50

Hi

22 H>
39 Hi
15 34

*73
*83

77
SG
186% 188
186% Is
193%
191
193 193%
244% 244 Hi
5240 240
*165
*200
22

77
88

*7«J

*83

190% 190

190

*160
*19o

170
202

170
210

4

22% 22%
39% 40%
15% 15%

22Hi

39% 39%
*15
*50

l

<fc

16

& Louisv
187% 188% Chicago Milw. & St. Paul
194 195
Do pref
244%244% ChiOago & North Western
Do pref
188 190 Chic. Rock Isl'd & Pacific
165 170 Chic. St. P. Minn. & Om.
'195 202
Do
22 22% Chicago pref
Term'l Transfer.
"73
"83

76
88

Jan 14
Jan 16
160% Jan 27
186 Jan 14
204% Jan 14
230 Jan 18
152 Jan 15
140 Feb 6

Chic. Indianap.
Do pref

40

40%

15%

15«,

50%
106% 107% 107% 108

Do

49^4

75

33,818
3,067

722
19,929

pref

Chicago Union Traction.

100

•

Mar

77%Mayl5
94%J'ly26
103% J'ly 26
112
97

J'ly 21

Ha

Jan 2
72%J'ly21

125
144

J'ly 25

Feb 19

141%May26
97 May22
Jan 6
67%J'lyl8
45%J'lyl6

198

79

J'ly 17
J'ly 30
151 J'ly 1
32% May 7

220%

95%J'nelO
90%J'ne24

50% May
May

80
90

7
7

MaylP

189% J'ly 25
196%J'ly25

Apr29
274%Apr29
271

*200%J'ly26
170% Apr 30 125

2,000
2,450
2,200

Do

,

1

.

,

34 Nov
Sep 66 Dec
42% Jan 91 Jne
70 May 108 May
81% Jan 114% May
83% Feb 97 J'ne
55% Oct 88% Apr
77 Mar 122 Nov
116 Mar 146 Nov
87 May 117% May
54 % Jan 89 Nov
145% Jan 196% Deo
29 May 52% May
27 May 50% Apr
72% Jan 82% Apr
91 Jan 140 Nov
120% Jan 136 Apr
16 Jan 27 Not
90 J'ly 94% Mar
75 May 90%J'ne
41 Dec 56 Mar
23 Jan 52% Deo
58% Jan 77% Sep
134 May 188 May
175 May 200 May
168% Jan 215 May
207 Mar 248 Apr
116%Jan 175% J'ne

May 60 May
May 101 Nov
115% Jan 124 Nov
6% Jan 18 Apr
40

Jan 103% J'ne
Jan 45 J'ne
14% Dec 17 Deo
36 Dec 40% Deo
18

4% Feb 12% J'ne
13% Jan
24% May
59% Jan
39% Jan
Jan
Jan

41
81
17

Jan

167% Maj
Jan

65

7% Jan

40% May
69% Jan
124 May
21

Jan
Jan
Jan

77>.j

Dee

21

48

13% Jan
Jan

35

5% Jan
Jan
39% Jan
24

'

108%Jan
5230 Apr
67 Jan

22% Sep
45% J'ne
Deo
62% Deo

75

Apr
Apr
Apr
208 Mar
67% Feb
11% Apr
75% Deo
88% Deo
154% J'ne
43% J'ne
68
95
36

87%J'ly
J'ne

41

81% Deo
25 Apr
49 Apr
18% Oct
45 % Sep
76% Nov
135% Sep
{365 Nov
Deo

90

May lll%.i'ne
May 145 Dec

76
83

1,

!

1

J

:j

-

."<1

1

Aug

82

Oct

75

<fe

•

Deo

60

80

<

'.

Jan

16% Jan 28% Apr
105 May 185% Apr
188% Jan 258 Deo
29 % Jan 53% May

,

I

Mar 146% Nov

58
73

t

i

Feb

20
50

6 210 Apr 15 180 Mar 201 Apr
15% Feb 21 23%Apr21 10% Jan 31 Apr
30%Feb20 42 Apr 21 28% Dec 57% Apr
10% Jan 8 23 Apr 29 12 Jan 20% May

195

pref
44% Marl5 60 Apr 2
107% 108 3 Cleve. Cm. Chic. & St. L. 7,210 95% Jan 14 108% Aug 8
121% 123
Do pref
500 118 Jan 21 123% Feb 6
33
33
33
33% 33% 33 4 34% Colorado & So., vot. trust 10,070 14% Jan 15 35% J'ly 17
33
*32% 33
32% 33
77
77
77
•77
77% 77% 77
78
78%
Do lstpf. vot. tr. cfs.
2,563 59% Jan 15 78% Aug 8
77% 577% 77 34
49
49
49% 49% 51%
48% 48 Hi 4'i
48
48 %
Do 2d pf. vot. tr. ctfs. 9,970 28 Jan 14 51% Aug 8
47% 47%
180 180% 1 ,>%180% 179% 180% 179% 180 Delaware & Hudson
•178% 180
179 Ha 181
5,200 170 Marll 184% Jan 7
*278
278
286
280
»4
278%280
280
279
280
278%
•278 285
elaw. Lack. & West'n.
800 253 Jan 15 297 Feb 4
44% 44% 44% 45 1
45
45% Denver & Rio Grande
•43% 44 Hi *43% 443 ^4 3 Hi 44 34
1,950 41 Apr
47 Apr 17
93% 93% 93% 93% 93%
93
93% 93 % 93% 93
Do pref
93
93
3,2^0 88% Mayl9 95%J'ly26
50
•50
*50% 51% 50Hi 52
52
52 Des Moines <fe Ft. Dodge.
51%
*50Hi 52
l,10o 39 Feb 1 53% J'ly 11
52
*20
21
21% 21
21
21
•20% 21 4 21
21
Detroit South, vot. tr. ctfs
800 13 Feb 3 22% May 2
40
•40
39% 40 Hi "39% 40 Hi 40
300 33 Feb 24 44% May 7
40 Ha 40 H;
Do pref. vot. tr. ctfs.
40 H2
84% 85% 85% 86 Detroit United
85 Hi 86H $85% 85%
86
86 34
J'ne 2 87 J'ly 31
86 Hi 86 H2
8,750
"17%
"17%
17 Hi
17% 17% 17% Duluth So. Shore & Atl..
*17% 17% 17% 17% 17% 17%
200 10 Jan 15 18% Apr 9
30
30
30
30
29
31
Hj
30%
30%
300
30
31
Hi
H
Do
18%
J an 11
30
35% Apr
*29Hi
pref
38% 38% 38% 38 5
38% 40% tj^rie
108,700 35% May 19 44% Jan
38
38% 38% 38 34 38Ha 3S«,
68 Hi
68% 68 Hi 68% 69% J Do 1st pref
*68% 6884
68% 68% 68
13,800 65% May 19 75% Jan
68% 69
52% 53 H; 53Hi 53 34 53% 53% *53 53% 53 53
53% 5 4%
Do 2d pref
4,100 51 Mayl7 63% Jan
*60
60
62 '2
61% 62 Hi 62
61% 62% Evansv. & Terre Haute
61
5,250 50 Mar26 74% Mar
61 %
60% 62
»91
90
92
91
91% 91% 91
91
{91
Do pref
150 82 May29 104% Feb 2 7
92
«91
91
3
50 4 51
51
51
51% 54% Ft. Worth&Deu. C.stmp. 2,419 30 Jan 2 54% Aug 8
50
50
48
48
*191
192
192
191 192
192 193% Great Northern, pref
•191 192
192
192 192
2,100 181% Mar 5 195 J'ly 23
85
85
Green Bay&W.,deb. ctf.A
3 70 Jan 11 90 Mav22
20% 21% 21% 21% 21% 21 H;
89
Do
20 Hi 20%
deb. ctt B
9 Jan 8 25 Apr 9
20% 21
3
98% 104% 97% 106 Hocking Valley.
94 4 96
95% 98
32,150 66 Jan 15 106 Aug 8
95
95
93 Hi 94%
92%
97%
*91
94% 96%
*91% 92
91% 92
92 Hi 92%
Do pref
8,135 81% Jan 14 97% Aug 7
92
164 165
164% 105% 165% 169% 169% 171% Lllinois Central,
93,242 137 Jan 14 171% Aug 8
164 Hi 165
164Hil66
*47% 48
48
48% 48% 48% 49
49 % owa Central
2,750 37% Jan 15 51% MarlO
48
47 34 47 34 «47
85% 87 7
*84
•84
85%
84% 84% 85
87% 83%
8,000 71 Jan 14 90%Apr28
Do pref
85
85
42
•41%
50
•41% 42 H
42% 41% 42 Hi
48% 40% Kanawha <fe Michigan.. 5,000 33% Jan 25 50 Aug 7
S6Hi 87
8,330 80% Jan 2 88 Aug 1
86% 86%
C.Ft.S.&M.,tr. cts. pfd
86% 86 34 86 % 86% 86% 87% 86% 87
36
36% 36% 36% 36% 36% 36% 36% Kansas City So. vot. tr. .. 10,300 19 Jan 15 36% Aug 7
36
36% 36
36Hi
3
61
60% 61% 60% 60
60
61
Do p:ef. vot. tr. ctfs. 3,300 44 Jan 14 62% Apr 21
60 H •60
60% 60'. *60
34
*33
33%
*33
34% 34% "30
300 13 Jan 15 40% Apr 29
33% 337, Keokuk Des Moines.
34
35
*68
*68
"68
72
68
68
72
72
*68
72
Do pref
45 Jan 2 84 Apr22
72
72
'500 64 Jan 15 71% Jan 3
66 66
*64
*64
66
*64
66
66
60% Lake Erie <fe Western...
65
65
65
125
'125 128
125 130
130
•125
126 Jan 15 138 Feb 6
Do pref
125 130 *125 130
350
'335 350
350
*325 350
350
325 Apr
L. Shore & Mich. 8outh'n
340 Apr25
"86" 350
*86" 88
'86
"86
88
88
'86
88 Long Island
200 78% Jan 15 91% May 2
86
151% Aug 8
144 145% 145 145Hz 145% 145% 145% 149 % 149% 151% Louisville & Nashville.. 10 17,' L02%Jan
144 144
76 ',"'' 12s Marl'.! 140% Jan 29
135% 136% 1.35% L36% 135%136% 134% 135% 134% 135 Manhattan Elev:
135% 137
131
129
0:1
1.30%
130
%
129
2
Hi
Strop. Secur., sub. rec.
132 132% L29 .132
Hi May 19 134% J'ly 23
132H2133
11'.'
14!i% 150% 149% 1503s 149 149% 148% 14'.'
149
3,500 146 Mayl2 174 Feb 5
148% 143 Metropolitan Street
'37
*37
39% *37
*37
Jan 6
39 S 37
39
I'eb 7 43
Met. West .Side El. (Cine.)
40
39 % •37
39
89% 91 90 91
*89
*89Hi 91
48 89 Mar 3 91% Mar22
90
Do pref
$90
*89Hi
94
30
29%
30
30
29%
6,400
29% 30 Mexican Central.
25% Jan 15 31% Main
30
29% 30% 29% 30
•
174
170 174% '......174
Mar 7 192 Apr 29
1,700
Michigan Cenl ral
1,000 LOS Jan 27 115 Apr 19
•112%112% 112Hill2 34 112% 112% 112%112% 112% 112% 112%112% Minneapolis & St. Louis.
120
"125
127
127
LOO 118% Jan 22 127% Apr 28
126 Hi 126 Hi
Do pref
03 Hi 64
•62% 63
63
*62% 63
68 H
65 Aug 8
63% 65 Minn. S. P. & S. S. Marie. 6,] l.i 3 6%.Jan
62 Hi 63
4,6o3 90 Jan 14 132% Aug 8
Do pref
128%128% 127 Hi 128% 129% 130% 130% 132%
127% 127% 127 128
31% 31 Hi 31% 31% 31% .;; Mo. Kansas <fc Texas
21 Mar
31% Aug 7
30 Ha 31
30% 31
31
31
7.200
.Ian 13 64% Aug 7
63% 62% 63 8 63% 64% 63% 64
Do pref
02% 62Hi 62% 62%
a
118^
116%117%
Marll
LI
1
116%
116%
117%
Missouri Pacific
119% J'ly 31
118 us', 116% 118%
6% 17 %
L43.925 96%
105 110% 110% 115
'102
106 101 105
*10L Kir.
Jan 24 122 Apr 2 2
Nash. Cliatt. <& St. Louis 16.100
8 Hj 18%
18% 18%
lan 15 20% Mario
•18 Hi 1:1
18% 18%
at. of Mix., vot.tr
18% 3" *18% L8%
•38
"38% 39
loo
39
Marl8
*38% 39% *38
39
39
Do pref., rot. tr. ctfs
J'ly 1
40
165% 165^ 165 165 B8 165 165% N". Y. Central,t Hudson
46,200
klayl9
lan 2
163% L66
164% 164 Hi L63% ir
57% 57
7,200 46 '-.Jan 15
Vug 8
56% 56 Hi 56% 56% 56
X. Y. Chic. & St. Loins...
55% 56% 56%
119 120
120 120% 120 120
'119 120
900 L17% Vtay21
119 34 119 34 119 120
Do 1st pref
"90
loo
91%
91%
*92
*90
Keb 4 100 Aug 7
96
1,400
92
90% 92
Do 2d pref
91 H» *90
200 209% J an 30 255 Apr 2 8
•232 237Hz 232 237 Hi 233 233 233 236 *233 SM *233 236 N. Y. N. Haven & Hartf.
34
34% 34
34% 34
31 3 «
34% X. Y. Ontario & u estern. 16,500 32 Marl] 36% Jat 2
33% 33% 34
34% 34
65
67% 67
Xorfolk & Western
91,800
Jan 11 68% Aug 8
64 % 65
64% 65% 01% 65
64%
96% 92
*94
*94
in,',
•94
Do adjustment, pref.
96Hi 91
94
ly23
97
96% '94
*71%
*70
*71
73%
73%
800
74
Coast
J'ne23
75% Mar 8
67%
72% 72Hi
74
73% IJacilic
Co
74
,l.u
mi 105 102 105 102 105 '102 105
•100 105 •lot 106
Jan 6 L06
Do 1st pref
77 80 "78 79 75 80
"ioo
'10
*74
*74
80
Do 2d pref
J'ly is 82% Mar 8
SO
80
101 4 J ly26
L60% 160 160% Pennsylvania
147 Jan
159 159°8 159 159 Hi 159 159% 159% 159%
-38
"41
•39
42
40%
*40
40%
200
39
Jan s 47% Apr 9
40
44
Eastern
41
40
40
Peoria*
"75%
71
83
i
Pere Marquette
*75Hi
95
80 Mu\17 91% J'ly 30
95
Do pref
*95
95
*98
97
97
800 80% Jan 7 LOO .riv
98% 98
94% 96 Pittsb. Cin. Chic. & St. L.
98 Hi •94% 97
Iiar26 L28
Do pref
96' Mayl.->
*94 <s 94% •ill's 91 Hi
94%
94 Hi
94 Hi
91% RR. Securities. "A" Otffl
ly 17
10
•67% 87
67% 0,
67%
eading, vot'g tr. otfs.. 76,5011
67%
67% r,sv 67 Hi 68
Mario
*87
87
86% 87
Ply 17
87
4.920 79%
1st pref. vot. tr. ctfs...
87% 87% 87% 86% 87
86% 86%
74%Apr22
73% 73% 73%
2d pref. vot'g tr. ctfs. 17,700 60 Jan
73 H> 73 Hi
73% 73% 73 Hj 73% 73% 73% 73
Rutland, pref
J'ne27 125 Apr23
'22
•22
23
24
MarlO
"21% 22% "21% 22% 22
100 12 Jan
23
22% 21% 21% St. Joseph &Gr'd Island.
'73%
•73
74
74
842 62 Feb 6 77 .T'nel7
73% 74
74
74
Do 1st pref
73% 74% 74
74

{io6%ioe% 106%106% 106% 108

Highest

Lowest

Feb 20 48%Mayl6

33

1,

*87% 88 H>
*4S% 49%
'73

93%

,

220
148

31% 31°,
92% 92%

83

92 H

.

*185

189

Highest

Lowest

Shares

.

*140
136

53% 54%
42 Hi 42%
*76% 77

Week

EXCHANGE

1

136%
135% 136
90 91 % *90% 91%

•185

Year 1902
Range tor Previout
100-share lots
Year (1901)

tor
ol

ltnilroails.

38

40
73

Mange
On basis

ol

the

1.

•96 %

113

"38
*70

40
71
71
92 !« 93%

Friday
Aug. 8

Sales

STOCK

72
Do pre!
100 63 Jan 9
93% 93 8 Atch. Topeka Santa Fe 172,880 74% Jan 27
101% 102'* 101% 102% 102 H: 103
Do pref
102% 103%
26,23
95% Jan 27
ll»8% 109
108% 109% 109% 110% 109%110% Baltimore <fcOhio
22,600 101 Jan 14
96°
96
"96%
96%
96% 96
97
96%
Do pref
410 93% Keb'Jl
L
69
69 %
6S% 69
68% 69
68% 69H Brooklyn Rapid Transit.. 15,456 60% Feb 14
113 125 34 •111 125 3 111 125% "115 126 Buffalo Roch. & Pittsb'g
llo Apr 4
'140 ...
'137
137 ... *137
Do pref
139 Apr 2
136%136 34 136% 138% 137% 133% 138% 138 ( lanadian Paciiic
20,850 112% Jan 28
91 Hi 92
92 % V Canada Southern
91% 92%
92% 92i,
90
2,100 85 % Jan 6
'185 190
*185 190 {189 189 185 189 Central of New Jersey..
30 180%J'ly 7
54
54 %
53% 54
53% 55% 54% 55% Chesapeake & Ohio
36,300 45 Feb20
42% 42% 42% 43 H
42 Hi 43
42% 43% Chicago*; Alton
11,235 33% J an 22
*76% 76 34
76% 76Hi 76H2 76% 76% 77
400 74%J'ne27
Do pref
'218 220
"218 220
218% 218% *215 220 Chicago & East'n Illinois
150 134% Jan 21
'146 148
146
•145 148
148 *145 148
Do pref
137% Jan 11
31 Hi 31 34
31% 31% 31% 31% 31% 31% Chicago Great Western
17,160 22% Jan 25
93
93
93
93
93
93
Do 4 p. c. debentures 1 300 90% May 5
*92Hi 93%
"87% 88% *87% 89
88% 88% 88% 88%
Do 5 p. c. pref. "A"..
400 83% Jan 22
-48 Hi 49
48% 49% 49% 49% 49% 49%
Do 4 p. c. pref. "B"..
700 43 % Jan 24

91%

108% ioa^

97

Thursday
Aug. 7

38

40

*69% 70

91% 92H

101% 101% 101% 102
108% 109

Wednesday
Aug. 6

Tuesday
Aug. 5

STOCKS

NEW YORK

177

J'ne

Jan 41 Nov
79% Jan 93 Sep
12% Jan 30 May
107% Mar iso Nov
67% Jan 111%.) ly
101% Jan 124% Oct

May 36% Nov
Apr 94% Nov
Jan 35% Apr
May 68% Apr

15
49
15
37
69
!70
c

t

1

May

150
27

Jan"

124

J'ne

}

3% Jau

Hi

J'ne

82% Not
15% Oct

.

'

1

.

139% Jan 174% Nov
May 57% Sep
L6

1

:•:'.

I

;

:ii

1

1

1

!

72

Jan

86

J'ne

57

Jan 81
Jan 113

Deo
Deo

24% Jan
65 May
38
'J

1

7

Jan
-Nov

7% Jan
55

I

•

Jan
Feb

88

'

1

May

i

'

.,

J'ne

-'.1

»

•.'.".

-

Sep
Sep

96

Feb 217

40% May
61% Nov
82
92% Xov
52 Feb 78 Deo
Feb 103% Deo
Jan 83 Not
161% Apr
L4%Jan 50 Sep
Jan 94 Nov

"J.'.

1

Mai
.

1

-

Mar 120

47

24
42

1..,

>4

97

Oct

Dec
Deo

58

64% Deo
12% Nov
15% J'ne
78% J'ne

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Rid Ask
Rid
Banks
Rid Ask
Banks
205 215
Fourth
Leather Mfr. 260
240 250
Sid Ask City (new)... 320 330
CITY
Gallatin
Liberty
425 435
Colonial 1| ...
American ... 540 560
Lincoln
1000
Gansevoortlj 140
Manhattan'
Amer Exch.. 270 280 Columbian .. 350
Garfield
(Jerui
Astor
750 1000 Commerce... 337'-., 345
Market A Fill 205
165
56
325
C'rnExnewl; 1446 447
Boweryll
285
German Kx\ 350
Mechanics'
Broadway... 340 360
liiver.. L55
M, h & Tra' L60
1st
Germanial .. (00
Butoh's & Dr 160 175
21o' Greenwich
Emp'eStateT] 195
M ercan ttle .
LOO
Central
Hamil,
190 200
Btdi iii.v' .... 210
Meroh Exoli LOO
L70
is;,
Fifth Avel).. 4000
Century 1|..
150 170
Merchants'..
Sanover
640 665
Chase
700
Fifth
375
Mi nip new*,, 400
L25
Trad. 665
Chatham .. 340 360 First (new).. 800 830
mi Merns':..
220 230
4350 4450 1 Ithstreetll. 200 300
SSwmical ..
Mutual*,]
300
Jort'ersonli... 175
* 15i<l and asked prices; no sales were made on this day.
is than LOO shares,
t K\rr ;ii s.
i I.
1 Sale at Stock Exchange or at auction this week,
s Trust Co. certificates.
c Includes, prior

Banks
NEW YOKK

Ask

Hunks

Citizens'

.

1

1

1

1

1

]|

280
340
276
295
108

Banks

Rid

Nassaull

New A
New York Co
NYNaf \

Ask
12o

Prod Exchl

New York... 340
150
19th Wardl

350

Seaboard
550
Second
Seventh, new L86

North

270

.

250
ii'
'i

Park

1

1

235

J'henix
•,

to

State

May

L60

1

5

2

1

6

l.etll.

650
L35

UnitedSt&tea
200
Variek "

1

23d

1

16

L56

state*
600
12t
Ward*,,. L10
10
v.
130
tried

2 10

250
125

.

1

1

-

I

140

a Kx dividend and riiilits. b .New slock.
dealings in old Mex. Nat. mis' reoeipts.

lianics.

17,

2

625
'-'all

.

L5

1

190

Ask

Rid
650

1

1

Banks

L96

^

.

.

August

Saturday
Aug. 2

Jloiulau

•33

83

AND LOWEST SALE PRICES

1'uesuuy
A ug. 5

Aug. *

34

33

Wednesday
Aug. 6

33% 34%

33% 31%

82%

81% 82%
•87% 88

Thursday
Aug. 7

STOCKS
NEW YORK STOCK

Friday
Aug. S

34% 34% •33% 34%

79
B8

36

36

36
U8 S4

39% 39%
44%
•131
22
38

97
95

•92

I23%r. »%
»156%'"
157
J
4
107% 107%

92%
%
80% 30%
40% 47
•23% 23 %
92

63
8'

2i%

%

6S%
39%
97%
•92

96

62
37

•60

62
37
;

200

210

200

210

66% 67% 66%
7% 7%
7%
3
3
20
20% 20% •IS
20 4
4
32%
32% 32% 32 34
»S2
{92% 92 % 91% 91 % -91
-51 % 69% •51% 52% •51%
•95

•35
{235
58

235

35 78 35%
24
{21
•51
56

36

31% 31%
•

90

*5%
•23

98
39
236

-95
•35
239

0%
24

4»% 48 34

37

•22% 24

-22%

•61
32

•51

93%
5%
22%
47%
97%

94

•92

95

•130

134
-21% 22
-38

39
•122% 123
ib*f%

•92

30%

56

32%

93
30 34
62

37% 37%
28% 28%
50% 51%
{205

210

67%
7%

66% 67%
7% 7%
•18
20
21%
32%
32% 32%
92
91% 92%
52% 51% 51%
•95
-35

9»
39
246

215

98
38
242

57% 57%
11% 11%
37
37%

•22% 24

21
56
32

•51

56

31% 31%
93% 93%

31%
93% 93%
5% 5%

94

157%
108%

46% 47%
23% 23%
•61

62

210

95

45% 48%

57% 57%
11% 11%
37
37%

58%
10% 11%

58

•10% 11

69% 69%
68% 69
39% 30 76
97% 97 34

37% 37%
28
28%
50% 51

27% 28%
50% 60 3

-a

79
37% 38
78

45% 46%

66% 67%
7%
7

235
-57

79%
37%
69 %
68%
39%
97%

132% 130 132
•21% 22
21% 22
38% 38% 38% 39
•123
124% 122% 123%
•156%157
156% 156%
107% 107% 107% 107%
91% 91%
91% 92
30
30% 30% 30%
•46% 47
47
47
23
23% 23% 23

60 % 50
•200

3.7

90

130

132
22
38

*3'i

38

44% 46

44-

•61

'88

67%
6S%
88% 3:1%
97% 97%

•67% 69

•92

81

80 %
ss

78% 78%

5%
23
22% •22
48
47% 48

6

6

23

23

47% 48
97% 98

97 34 •97
98
121
121 *
121
•97*" 98
•97% 98
98
•9T
184
132
132
132%
132%
132%
131%
131%
119 120 •119 120 *119 120
•119 120
•87
92
95
-87
92
{93% 93% -87
164 164
•13% 14
-13% 14
•13% 14
76 79% •77 78% •77 79
»D>5%107% 105% 105% 104% 104% 102 102
235 241 •235 240 •235 240
•235 240
98

•

98
121
98

•97*"

•11% 11%

11% 11% -11% 11%
91
91% 90

•11% 11%
90% 91

9u
•126

131
•10% 18

•136

131

126

131

-16% 18
17% 18%
222% 222% 223 223% 223% 223%
121 121% 121 % 121%
•121 121
27% 27%
•27% 27 3<
27% 27 34
-81% 81%
•81% 82
81% 82
87 % 87%
• 136
137*2 136 137% •136 137%
-5% 6
*4% 5
5
{5
•36
-36% 37
*36% 37
37
185 185% 184% 185% 184% 185%
-61
62
61^
61
60% 6u<,
*io6%io7% 106 106% •106 107
20
20
19% 19% •19% 20%
74
73% 73% {73% 74% 74

89% 90%
•126

•121% 123
2 7% 28%

81% 81%
86% 86%
{137% 137%
-1% 5
•36% 37
185% 185%

61%

,

•13% 15% *13% 15%

67
13

64%

60

•60

•60

65

106

19% 20
•73% 74

15% •13
15%
64% -00
61%
53% 53%
•90

•88
186

90

*1-6%188%

90
188

88

62
107

67

-14% 17
-14% 16%
17
14
14%
-47% 48
48
{48
47% 17% 47%
•106 106% 106% 106% •105% 106% *T05
•21% 22
21% 22
21% 21% 22
90

135

19% 20%
223% 225%

93

14%
17%
106%

23%
o9% 90%

90

188% 188%

124
121% 124% 123 121%
-39% 4U% 39% 40% -39% 40%
103 103%
102% 102% 102% 103
4 7% 48%
48
48% •47% 18%
124

•123

125

-39% 40%
103% 104%
£40% 46>-,

86
86% 86
85% 85% 86
•240 247 •240 247
•210 247
30% 30%
31
31
31
31% 30% 30%
•87
88
88% •87
88% 88
88% 88%
19% 20
19% 20% 19% 19% 19% 19%
76% 76%
76
77
76% 77
75% 75%
•20% 21% 21% 21% 20% 20%
21
21%
*68
67
67
69
69
69
-38% 40
40
38%
39% 42
41% 42
•82% 83
82% 83
83% 80% •83% 84%

85
•240

87

85
248

7%

7

67% 68
•38
•14
•80

68
38

40

7%

69%
40

7%

69
*37

69%

"7%
7%
68% 69%

40

40

8

41

14% •14% 14%

14% 14% 14% 14%
•79% 81
-79% 81
12
12
•11% 12%
11% 11%
46% 46%
•45%
46
46
47
•118 122 •118 121
122 124% 124% 125%
12% 13
13
13% 13
12% 13
13%
{85% 85% 85% 85% •85% 86
85% 86%
"15
16% •15
16
{16% 16%
•56

*80

81

58

57

39% 39%
89% 89%
68% 68%
•215

57

39% 40%
89% 90
68% 69
135
225

57% 57%
40
40%
89% 90
68% 69%

128

135
•214
{220 225
87% 89% 88% 89
•205 215 •210 212
•211 230 •211 230

220

87% 88
-205
•211

81

213
230

40%
89% 89%
69% 69%
40
•128
225

129
225
88% 89
•210 212
-211 213

80% 81%
88% 89
78
78%
37% 37 7 6
69% 70%

80
•88
7^

St. Jos.

<fe

•92

48
•130

95
49
132

80%

Shares

st.

1

M.

95
r

Mange
On basis

lor year

Pacific

Co

&

I 1 exas

O. stock tr. ctfs
Pacific

49,900
144,950
8,420

...

&

Highest

Lowest

111% Feb

1

42!

0*5*6

Jan 27

58

17
57

17

90

132
22

JL

hird

)

Highest

Dec 36
Jan 134

J'ne

Dec
56% Dec
70 JMy 88 Mar
53% Jan 76% J'ne
16 May 39 % Apr
41% Jan 71 J'ne
29 May 63% J'ne
18 Jan 35% J'ne
67% Jan 94% Nov

21% Jan

85%. Fly 31
J'ly30

80%J'ly30
38

Aug

4

71%

J My"

23

70%J'ly26

31% Jan 27 40% Aug
92 Jan 14 98%Aprl
90 May 2 2 92%JMyl9
37% Jan 15 49% Aug

122 Jan 8 134 Feb
Avenue (N. Y.
""6*00
18% Jan 21 23% Feb 11
21% ...»
Tol. St. L. & W. v. tr. ctfs.
38
38% 39%
Do pref. vot. tr. ctfs. 1,650 35 Jan 15 43% Feb 1
1,1(10 107
Jan 20 125 JMy26
122% 123
123% 125 Twin City Rapid Transit.
100 156% Aug 5 159% Feb 18
Do pref
110%JUy20
34,800
98
'sFel)28
108%
108%
108% 108% Union Pacific
94%JMy25
3,200 86% Mar
91% 92% 91% 92%
Do pref
3
31%J'ne21
7,200 21 4 Jan 3
30% 31
30% 31 Wabash
47%J'ne23
9,400
Jan
13
41%
46% 47% 47
Do pref
47%
24%JMyl8
Jan
2
1,800
17
Erie...
23% 23% 23% 23% Wheeling & Lake
700 49 % Jan 2
66 Apr 29
61
61
61
61 %
Do lstpref
1,800 28 Jan 14 38% Apr 30
37% 37% •37
Do 2d pref
37%
30
7,445
Jan
29% May 7
19%
28
28% 28
28% Wisconsin Cent. v. tr. cfs.
51
51% 51
51%
Do pref. vot. tr. ctfs. 10,000 39% Jan 24 51% JUy23
Miscellaneous.
230 {198 J'lyll {225 Mayl 9
•205 215 •205 215
Express
Adams
67
67% 67% 68 '4
malgamated Copper... 23,200 61 Mar25 79 Feb
9,100
2
Feb25
8% Apr 14
Bicycle
6% 7%
6% 6% American
400 10 Jan 6 26% Apr 1
*18
20
•18% 19%
Do pref
3
32 j 32%
32% 33 American Car & Foundry 3,215 28% April 33% J'nel7
a,115 85% Jan 14 92% Aug
92% 92% 92% 92 34
Do pref
300 30% Jan 10 57% Apr 28
•51% 52
51% 51% American Cotton Oil...
•95
86 Feb 3 99% Apr 2 3
08
Do pref
•35
32% Jan 14 42% May
-35
39
39 American Dist.Telegraph
•213 250
1,988 210 Jan 13 248 Aug
245% 246 American Express
2,810
39% Jan 9 59% J'uel2
57% 58
Twine
O. J4 58
Grass
American
3,855
9% JMyll 31% Jan
11% 11% 11% 11% American Ice
3,700 32 JMy 10 67 Jan
36% 30%
Do pref
37% 37%
525
15 Jan 14 28 Apr 30
24
24% •23
25 American Linseed
•51
•51
43 Jan 13 58 Mar 17
56
66
Do pref
1,8
29% Mayl9 36% Apr 2 9
31% 32
32
32 American Locomotive..
1,025 89 Jan 3 100% Apr29
93% 93% •93
Do pref
93%
•6
800
5 Jan 20
7% May 26
7
6
6% American Malting
300 21 Jan 20 26% May 2 6
•22% 24
23
23
Do pref
47% 47% 47% 48 Amer. Smelt'g & Refin'g. 12,600 43% Apr 22 49% May 2 6
781 95 Apr 30 100% J'ne23
97% 97% {97% 97%
Do pref
•110 120 *
40% Jan 22 126% J'ne20
121
American Snuff
85 Jan 13 100 Apr 19
•97% 98
•97% 98
Do pref
132% 133% 132% 133% American Sugar Refinm 30,668 116% J an 6 135% Mar31
•119 120 •119 120
115 Jan 2 120% May
Do pref
10 84 MariO {90 Jan
-87
•87
95
95 American Tel'gh & Cable
200
•163 164
160% Jan 13 186 Apr
164 164 Amer. Teleph. & Teleg.
12% J'ne 5 17% Jan
American Woolen
73 Apr 23 79 Jan 10
Do pref
675 (195% JMyl4 146 Feb
102% 106 •102 105% d Anaconda Copper
•235 240 •235 240 Brooklyn Union Gas.,
210 Jan 4 242 Apr 2 5
100 10 Jan 13 14-s Apr 2 3
•11% 12
-11% 12
runsw. Dock & C. Imp't
89% 90% 88
90% Colorado Fuelifc Iron.. 13,700 84 Jan 8 110% Apr 24
•126 135 •126 136
{130 Jan 29 {140 Mar 2 6
Do pref
19% 21% 21% 2V2 Col. & Hock. Coal & Iron. 8,110 14% Jan 16 23% Apr 4
225 225% 224% 225% Consolidated Gas (N. Y.). 10,100 213 Jan 10 230% Apr 2 5
700 115 Jan
•121% 123% 121% 121% Continental Tobacco, pref
126% J'ne
9,902 27 JMy 10 38% Ma i-21
28
28% 28% 32% Corn Products
2,600 81% JMy 31 90 Mar
81% 84
Do pref
81% 81%
400 65 May 8 90 JMy 18
Detroit City Gas
110 130% Jan 13 139% Jan
•136 137% {137%137% Diamond Match
•4% 4% Distilling Co of America.
•4% 5
4% J My 14 10 Feb 3
•36
200 33 Jan
•36% 37
37
Do pref
42% Apr 4
2,117 0181% J My 28 334 Apr 9
•185 185% 185%186 General Electric
6,165 40 Mayl 7 64 JMy 21
{61% 61% 61% 62 George A. Fuller Co
1,500 92 Muy20 10»% Aug 1
106 106
106 106
Do pref
3,700 19 Jan 14 23% Mar20
20
20% 20% 20% International Paper
3
1,29" 72% J'ne24 77% Jan
74
73
74%
Do
pref
73%
4
100 55 J'ne 4 199 Apr29
International Power
•13
15% •13% 13% International Silver
19% Apr 18
6% Jan
-60
100 45 Jan 14 65 May 17
Do pref
64% 60% 60%
•53
•53
100 47 Jan
54 Interuat'l Steam Pump..
54
57% MarlO
*90
100 87% Jan 13 94 Mat'2l
93
92
92
Do pref
-14
•14
100 12 Jan 24 19 Apr 24
17
17 Manhattan Beach
1,350 43% Jan 14 53% Mar20
47% 47% 47% 47% National Biscuit
200 104% Jan 3 109 % Apr 4
•105% 106% *100 106%
Do pref
26,400 15% Jan 18 25 Aug 7
23% 25
21% 24% National Lead
93% 93%
2,815 78% Jan 16 91 Aug
91
94
Do pref
4,025 148 Marl 7 196 Apr 21
189% 191
191% 194% New York Air Brake
123 124
122% 124% North American Co., new
2,050 88 Jan 28 132% Apr 29
800 37% Mayl7 49% MarlO
40% 40% 40% 40% Pacific Mail
105% 106% 105% 106-',
eop. Gas-L.<& C. (Chic.) 33,285 98% Jan 10 107 JMy 23
5,850 39 Jan 14 50% May26
47% 47% 47% 48 K Pressed Steel Car
Do pref
86
86% 86
86%
3,940 82% Feb 4 89 Apr 28
•240 247
•240 246 Pullman Company
215 Jan 13 250 Apr 29
1,85b 21 AprlC 34% Apr 29
30% 30% 31% 31 34 i>ailway Steel Spring..
•88
700 80 Apr 1 88% JMy 24
88% 88
88% VDo pref
19% 19% 19% 19% Republic Iron & steel.. 26,450 15% Jan 2 20% Aug 1
Do pref
5,010 68 Jan 16 77% Ant; 4
70% 76 \ 76% 76%
21
Rubber Goods Mfg
20% 21 4 21
2,200 17% Febi
25% Apr 21
•66
•66
200 63 JMy 20 71% Mar2
69
69
Do prof
42
43
43
43% loss-Sheffield St. & Iron 4,600 29% Jan 3 13% Aug 8
85
85% S Do pref
1,300 80% May 19 85% Aug
84% SO
-7% 7% •7% 7% Standard Rope & Twine..
520
4 Jan 10
8% Apr 21
69 Tenu. Coal, Iron & RE... 22,900 61% Jan 14 74% Apr 2 4
68% 69% 68
•38
41
41% Texas Pacific Land Trust 2,600 35 Jan 10 44% FeblS
41%
700 13 Feb 1 18% Apr 3
14% 14% •14% 15 Lf nion Bag & Paper...
•79% 81
Do pref
80
80
72 Jan 16 85 Apr 5
•11% 12% U. Sj-Cast 1. Pipe <fe Foun.
12
12
400 10% May o 13% May 6
•45% 46% 46% 46%
Do pref
426 42 Mayl
47 May
120% 126% 125% 125% United States Express...
2,060 97 Jan 2 126% Apr 17
6,400 11% Feb 20 14% Apr 3
13% 13% 13% 13 3* United States Leather
Do pref
86% 86%
85% 86
2,485 79% J an 21 86% Apr 2
•15
15 United States Rubber
15
150 14 Jan 2 19% Apr 14
16%
•56
•56
Do pref
200 50% Jan 14 64 Mar24
58
58
31,925 36% J'nel9 46% Jan 7
39% 40% 39% 40% United States Steel
Do pref
22,390 87% J'uelO 97% Jan 7
89% 89% 89% 89%
68% 69 Virginia-Carolina Chem..
3,700 60 Jan r8 76% Apr 2 8
68% 69
Do pref
129 130
100 120% Jan 17 134% Mayl 5
'218 225
-215 23H
145 {185 Jan 24 225 Aug 6
Wells, Fargo & Co
est'n Union Tele'gpl
88% 89
88% 89
12,488 84% JMy 10 94% Apr 19
'210 214% 211 211
West'gh'seEl&M l'gasseu
160 169% Jan 15 230% Apr 9
*211 230
Do lstpref
'211 230
180 Jan 8 231 Apr 9

130
22

tor Previous
Year (1901)

Loicest

35%Marl2

Jan

27

13*406

San Frau

Range

I'.ju.'

o) 100-share lots

50

Adirondack...

40% 40% Southern voting tr. ctfs..
07% 98 %
Do pref. vot. tr. ctfs.
48% 49%

277

Mayl
55% Jan
Louis &
300 82% .Fly 9
Do lstpref
6,850 70% May 5
Bo 2d pref
65,362
21% Mar 6
Louis Southwestern..
10,900 55% Mar 5
Do pref

90

•92

2,042

Grd laid, 2d prel

<fc

78%
37% 37v St.
69% 70 4
68% 69% Southern

39% 40%
97% 97%

Sales 01
the
Week,

EXCHANGE

St. l,aw.

80%
78
•87% yo-

4

.

Stock Record— Concluded— Page 2

9, 1902.]

CKS—JHJGH-LSJ

5

.

. .

:

.

i

52% May
129% Jan

23% Jan
May
10% Feb
28 May
05% Jan

117

25% May
39% May
109% Dec
147 Apr 160 Not
76 May 133 May
81% Jan 99% May
ll%Jan 26 J'ne
23% Jan 46%J'ne
11% Jan 22 J'ne
45 May 60% Mar
24 May 88 Mar
14% Jan 26 J'ne
38% Jan 49% Apir
{145 Jan {202 DcO
60% Dec 130 J'ne

l%Sep

10
19
67
24
85
32
{169

8% Apr

Sep
Jan
Jan

35
35

Apr
J'ne

89% J Mr
Mar 35%J'ne
Apr 91% Jan
Oct 40 May
Jan 210 Nov
39% Dec 45 Nov
25% Oct 41% Mar
62 Oct 77% Mar

5% Jan 30%*My
Jan 66 Jijr
22% Aug 33% Nor
83% Oct 91% Nov
4% Feb 8 J'ne
31

22% Dec 30 J'ne
38% Oct 69 Apr
Feb
Mar
Apr
103% Dec
111 Dec
88
26
73

{94

104% J'ne-

49% J'ne

90
153
130
Jan 100

J'ne
J'ne

JTy

Apr

157% Nov 167% Sep13% Mar 21% Jan70 Mai' 82% J'lr
28% Dec 54% Apr
175 Jan 228 Apr
8% Jan 14% Mar
41% Jan 136% J'ne
116 Mar 142% Apr
12% Oct 25% J'ne
Jan 238

Apr

93% Jan 124

J'ne

187

72% Sep 92 Mar
127% Oct 152%Aog
6% Oct 10% J'ne
23% Sep 34% Nov
183% Jan 289% Dec

18% May 28 Mar
69 Jan 81% Sep
54% Jan 100% May
5% Feb 11 Jan
33 Apr il Deo
21% Jan 49 Nor
74

Jan

8
37

Oct

89
22
46

92

Jan
Jan

10

Mar

Oct

Apr
May
lo:;nH Nov
25% J'ne
93% J'ne
175 Apr

74% Dec
133 JMy
73% Feb 109 J'ne
30% May 49% Nor
90% Jan 120%J'ne
30 Mar 52 Jan
72% Mar 89 Apr
190% Jan 225 Oct

>.

l

'

-

'

t

11% Sep
55% Jan
18 Dec
65 Dec
19% Feb
60 % Jan

19
12

Jan

Apr
Apr

J'ne

90

May

Apr
38% May
41 % Apr

3% Mar
49% Mar
65

24
82

86% Apr
8%J'ne
76% J'ne
42 Apr
19% J'ne
75% Deo

Jan loo Apr
7% May 16% May
69% May 83% Ang.
12% Oct 34 Jan

{53

47
24
60
51

116
{130
81
145
157

Oct

85

Jan

May 55 Apr
May 101%Apr

JMy 72 Mar
Apr 125 Ang
Jan 199% Dec
Jan 100% May
Nov 180 Deo
Nov 187 De«

BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Banks
NICW YOKE.
CITY
Washingt'n'

.on

Wash.H'htsT

2011

Bid

Bonks
Hid
BROOKLYN
Ask Oth
Avenue^; 105

Ask

Banks

Bid

BROOKLYN

Ask

|

Trust Co's
Continental

Bid
645

]

Ask

!660

I

I

Trust Co's Bid
Metropolitan 600

Ask

Trnst Co's

Bid

Van N'denTr 225

Asle
236

Eastern Tr..
Union^
140 160
MortonTrust 1090 1110 Washington. 400
Equitable Tr 350
360
BROOKLYN
WallaboutU 105
Mut.AUiance 300 320
Manufactrs'. 340
Farm Lo&Tr 1500 1525 NYLife&Tr L225 1275 Brooklyn Tr 440% 445
West Sidelj. 590
Trust Cos.
Mechanics^] 218
Fifth Ave Tr 640 670
170
N Y Sec <b Tr 1385 1400 Flatbush
Western
t600
Merchants'.. 110
Guaranty Tr 730 760
325
Franklin
N. Y. CITY
North Amer. 265 272
Vorkville'i
240
.Nassau
Guardian Tr 205 215
325
350
Hamilton
Atlantic Tr.. 2«5 300
Real Est TrM 400
UKOOKLY.V
Nat City
Knick'rb'k'r 770 825
430%
290
Kings Co
Bowl'gGreen 215 220
StandardTr't 400
BedfordTl .... 220
North Sidelj. 180 185
Lincoln
320%
Tr...
185
Isl
L&Tr.
390
L
BroadwayTr. 170
Tr Co of Am. 290 %
Borough^.
100
People's';
McV'ck'rRty 275
206
Manufact'rs. 340
C'lR'tyB&Tr 850
TrCoof Rpbe 290
Broad way!
250
17Ui Wardll. 130
220
Nassau
Central Tr'st 1900 1930 Manhattan.. 500
Union Trust 1390
Brooklyn'
130
Sprague
Mercantile.. 1100
350
200
People's
City Trust... 400 415
USMtg<feTr 470
.8th Ward!i
70
237
227
26th Wardll 135
Merchants'..
Williamsb'g.
380
425
Colonial
Unit States 1750 1775
• Bid and asked prices; no sales on this day.
Less than 100 shares. ± Ex rights, d Beginning March 31 quoted per cent instead of dollars per share.
1 bale at Stock Exchange or at auction this week,
o Ek stock dividend. « Trust Co. certificates. 'A Banks marked with a paragraph (11) are state banks *
First

.

.

.

1

<i

—

J

New York

Stock

Exchange— Bond

.

.

Eecord, Friday,

Weekly and Yearly

OCCUPYING FOUR PAGES

BONOS

U

S 3s

V S 3s

V

U
U
U

S 3s

3s
S 4s
S 4s
is

registered. d L930
cil930
coupon
reg small.. dl930
ooup small. cil930
fcl918
registered
fcl918
..upon
- small botttls..fcl918
cou small bonds. .A.T918
ft.1907
registered
7<1907
coupon
1925
registered

S

i.s

105

"2

106*<

10578

108

105
J'ne'02

1

1 08 4 J'ly'02
108 34 J'ly'02
132 J'ly'Ol:
132^ 133!4 139 34 Apr'02
104 105 105 1-2May'02
lOO'aJ'lv'O^
104 105

4

109

108^ 109

1925
1904
1904

10S
132

N J (Continued
Am Dock & Imp gu 5s. .1921

Central of

Foreign Government

4

Week's

Last Sale

Ask Low
106

Mar'Oi

102 7b 102

J'ly'O'.

121

J'ne'Ol

108% Sale 10S

108%

103
116

Apr '01

iiTkiie'
108

L03

100%
99

,

100

111%
139%
123% 124
123

111

.

131

.

117%.

1

:<-_ J-D
6s
Southwest See Erie
Buffalo & S ustj u 1st g 5a.. 1913 A-O
Begistered
L913 A-O
J-J
g 4s
Bur Cedar B A No 1st 5s. 1900 J-li
Con 1st & col trust gos.. 1934 A-O
R< gistered
03 A-O
C It 1 F<& N Wl8tgo.5s.1921 A-O
J-D
l'.i.',
St List gug 7s
Cianada south 1st 5s
190S J-J

120%.

1

I

117=8
121

5s
fegistered

-)2d

Nov'99

L03

.)

Bi

104

'4

10378

.

123%.

ne'02

104%

Milv

;ly'02

L24% 126%

US

104'4 105V 105
109 34 110% 110
107

1913 M-S
1913 M-S
Cenl

1

1

Jan

118

lib

'02

105
110
Aug'01

104% 107%
107

:

'.i

A Minn

J-D

91%.

93

J'ne'02

93

96

'I

.

1

L3k

101%

1

ii

1

....

Street

102

Jan '99
May'02

102

J'ne'02

109

89
84

Sale

110% Met

107

st

110

iof"

;;;;;

J

98

....

98

'99

122% 124*"

LOk Apr'02
82% Jan '02

L08%110k
182% 182%

ttay'02
ly'n

i

i

1

Mar'02

1

Mar'02

l

J'ne'02

Mar'00

1

%

:;;>•,

in

Nov'98

lis" lis"

J 'ly'02

c.i 00
j'ne'02
.

Ij

110

'01

L07ki*WHi

02

J

an

117k
121% 124"

114

'01

138k

I

107% 109%

110% 10%
1

l37k
L28k
1-12% 142%
139k 139k
i:;3=8

42% Eeb'o

135=8
102=8
112

110%.Mav'O2

128

128 34

r-'.-'i

127

128k

128k
3

Ill

2

L06kl06k

06kJ

i3;;kJ'iy'"2
125
L25

98%.
98%.
97k.
91%.
96%.

1

117

101*4 10 1%
101% 104
107
107%

110%

98=8

%

101»4

in,

11

6

120% 123%

LU7

l.;0'4

1

115

LolkJ'ne'Oi

15%

L9
lO'.Mg

I'JOL

135k'

1

L8kl
OS %

111
117%
113 34 115

114%

133=8
125
Sale

99 k.

.lan'02
eb'01

110% 110%
132
127 k 131
li:;%
loo 112

105%

109

1% Apr'02

100*4

lOOkJ'lv'o'99 k J'ne'02

99 k

99%J'lv'02

100k
99 k

99k 99k
os
99%
91k •91%
109% 110%

99k J'ne'02
99% May'02
91%J'lv'n2
97 Deo '00
110% Apr'02

1

.

L38kl49
141k

138 34 138%J'lv'02

138% J'ly '02
137% 138
128%
89% Sale

140 j'ne'02
129kJ'ne'02
89
89%

1

10

140

127k 130k
43

SO

44

98 34 99

903.,

on Next Pajie.

Railway

Kv— rConjBef g 482002 A-O

Mai"98

Apr'02

112%115 34

i'ue'02

109%110*4 109%

Nov'01

98
95

4

L09k Mar'02
110% Aug'01
HCkJ'ne'02

99

W

1

Union El (Chic)

1st n 58.. L945

1

st

\

Sale

122%
122=8

98%

>-iii

125

*

1

101

1

109

M-

109

93

L14kH8
U0V121 34

:!

L23%J'ne'02
123 May'01

103

89

2

117

U3 34 J'ly'02

1

Clue St 40-yr
our 5s. 928 M-N
W40-year
consol gold 5s. ..1936 M-N

89

114%

117 4

104%

120%
L18kl24k

L08 Oct'01
115%J'ne'o'J
14
001 ol

'ne'00

103
89

12% 114
106%
"l9 100% 105
1

114%

u>

Col<fe9thAvlstgu g 58.1993 M-S

100

120*-.

111

LexAv&P Klstgug5s 1998 M-S
Third Ave B R con u is 2000 J-J
Third Ave By 1st g 5s.. 987 J-J
Met S El (Chic) 1st g 4s
F-A
Mil I'll By & L 30-yr g 5s. 020 F-A
Minn St By Istcon g 5s.. L919 J.J
St Paul City Cab con g 58
J-J
Guaranteed gold 5s
J-J

1023*103% L02k
*

1

110% 117

L20% Mar'OE

106'

115%.

115

112

104 34

.j

117
....

117

L13kll5
182% 190

Jan'Or

:j

'•

lol'V...

132%

120
113

117=8.1
121

i

MISCELLANEOUS BONOS— Continued

132
in 02

May'02

115

117 34
115

Chic Rocklslifc Pac 6a.. .1917
Begistered
General sold 4s
1 O.ss
Begistered
CoU trust Series C 4s ...1905

1

109
110
114

,1

114%

,

10834 109

132
117
115

108klo.ii-.

Ion

'.'..

Street Kail way
Brooklyn Bap Tr g 5s
1945 A-O
All Av Bklyn imp g 5s.. 1934 J-J
BkCity 1st con 5s. luio,
J-J
Bh tj Co & S cou gu g 5s
M-N
Bklyn Un El 1st g 1.68.1950 F-A
Kings Co El 1st g 4s. ...1040 b'-A
Nassau Elec gu g 4s
95 J-J
City & S By Bait lstg 5s. 1922 J-D
Conn By & Llst& rel C 4 %a '51 JDen Con Tr Co 1st g 5s... 1933 A-O
Den Tram Co con g 6s. .1910 J-J
Met By Co 1st gug6s..l911 J-J
si By Istcon gos. 906 J-J
Det
.1
Rapids lty 1st g5s...al910 J-D
Louis By Co Istcon g 5s.. 1930 J-J
MarketStCBy 1st g Os..loi J-J
Met St By gen col tr g 5s. 1997 l''-A
Bway<fc 7th Avlstcg5s 1943 J D

L24 34 124=4
125 125

1

M-N 109
109 J'ly'O:
H4s
1910
106% 10934
Ceutot Ga Bit lstg 5s..pl945 F-A 120%.
122 May'02
M4s
1915
119% 122
Begistered
101.;
pl945 E-A
N4s
1
Consol gold fs
1945~ M-N Ill * Sale 109
111% 190 106%113%
DesM<& Ft D 1st 4s.... loo:,
M-N
Begistered
194
Ist2%s
105% Sep '01
1906
1st pref income g 5s
Extension 4s
1005
2)1945 Oct
85% Sale 83
86 38SI 76
89k
2d pret income g 5s. ...2)1945 Oct
43 Sale
38
Keok& DesM 1st 5s
1923
44% 1398 32% 44%
3d pre! income g 5s
#1945 Oct
Chic A St L See Atch T <fc Sa l'e
29% Sale 20%
30 311 L8% 31
3
Chatt Div purmon g 4s. 1951 J-D
91%
92 May'O:
91 4 933g ChicstL&NO Seelll Cent
Mac & Nor Div 1st g 5s. 1940 J-J 106%
chic St L& Pitts See Pen Co
Dec '99
Mid Ga A Atl Div 5s. ...1947 J-J 108%
102 J'ne'99
ChiO StPM & O con 68...1930
Mobile Div 1st g 5s
ChStP<& Minn lstg6s L918
1946 J-J 109% 113 112%Apr'02
106 112k
Centot N J 1st consol 7s.. 1902 M-N 101%
Nor Wisconsin 1st 6s. ..1930
101% May'02
101% 103%
General gold 5s
19S7 J-J 136%137% 135 34 136% 22 L32
StP& S City lstg 6s... 1010
111
Begistered
A1987 Q-J
136 3 4 J'ly'02
nil
139% Chicago Ter bans g 48.. .1947
13

May'02

11:;

Incomes

«fc

125

110%....

Asliland Div 1st g6s..
Mieli Div IstgOs
1924
loo;
Convertible deb 5s

111

I38kl39k
122% 120%

l

L921

1909
&
Winona & 81 Pet 2d7s..l907
\\
1st
Mil LS«S
est
g6s loji
Kxl & liiii. sfuud g5s
Oft C

1

123k

l37kJ'lj
U

1933
1933
1st 7s.. 100

ii
si 6s.
Illinois 1st 5s...
V
St Paul lsi 5s

107%110
118 34 122
114
111

123=8

120=8.
1

1

North

•-

•_'

117*4.

DesiMo

103

102

.fc

(

li8*-.

113%

Sinking fund deb 5s

i

A Shawn See 111
linaCent See Seal) Itoan
Carthage & Ad See N Y C & ft
Ced B la F N See B C B A N
Cen Branch U Plstg4s... 1948
Ceu Branch By See Mo Pac
Central Ohio See Balti & Ohio
Cen BB A ol Ga col g 5s 1937
Carb

LOO

U9 34 100

124 k Apr '02

111%
117 34

04k 106
111%

139k

103

Begistered

MA
I

1.30%

125 34 129%

<V:

4

100 '4

J'ly'02
J ly'02

1u4

Sinking fund 6s.. .1879
Begi -ored
1879-1929
Sinking fund 5S...1879-1929
1879
Begistered
Di benture 5s
1909
Begistered
Deb.

119%

117

Lpr'9
lay'02
12578 J'ly'02

cfc

Butt'alo

117

-^'•'i

114% 110%
f

L88»4 J'ly'02

if.

117

83k

86

109

112%.
112 34 J'ly '02
113% 114% J 'l.v'02
105% Feb'98

1-.

120

^

35
81 34

99% 103%
15

124 34 Mai 02

."-'.

104

102% 104%

iiio%io3%

.

FA

A West Sec Sav 11 & \\
Buffalo N v c« Erie See Erie
M-S
Buffalo if & P gen g 5s..
A-O
All & West lstg 4s gu
J-J
Mali 1st gu g 58
CI
h & Pitts 1st g 6s.. .1921 F-A

99%

109%Ang'01
100 Mar'02

i

I

100

OS

108 108 3 108%JTy'0'_'
11S 7& 119% 119 J'ly'02

1

Long

loo--,

99k

108 34l09%

104%

.)

See

105%

lot

'lv '02

114 3a 114\
104 58 J'ly '02
109
109

.1

Montauk

.J

100*2

100

1143b

1

A;

ibskiis"

J'ne'02

104*4 Apr'OU

:

Bklyn
Bruus

115
117

101% Apr'Oo

.

103%.

i

i

112
114

106% 110%

102%....
t02=e J'lv 02
*85
85*-.
85 34 J'ly'O-.
82 San.
a:
8l 34
83
83 34 Apr'02

Am

.

100
105

99% J'ly '02

.

i

105
102

U9%123%

105% J'ne'02

96%.

,

i

Low High
112=8 115

112% 114% 112 May'02
114
114% J'ne'02
120% SaK- 120
120%

113

:

.ill

112=*

125

I

I

Since

January 1

High

112=6

102%.

139%

i

Mange

Mange or

*112=s

94 34 ....
95% Feb '02
Frankfort-on-Main v, %s ser 1.. M-S
These are prict s on the tia sis ol lour marks to o
98%
V S Ol .Mexico s t g os of 1899 H-J
98k J'ly'02
J hese are pr ices u a the b asis
Stole Securities
lOSH.lW 2KS7'05
Alabama class A 4 to 5
1900 J-J
109 14 Oct '00
1900 J-J
Class B5s
102%Mar'02
Is
1900 J-J
L02%102%
Denver Div 4s
192
Ill Mar'02
1920 J-J
111 111
Currency funding 4s
Itlinois Div3%s
10 40
126 Oct '01
Dist of Columbia 3'05s
1924 E-A 122
Begistered
1949
2U 106 107
107
Louisiana new consol 4s. .1914 J-J 107 Sale 107
Iowa Div sink fund 5s.. 19 19
109% Feb '99
Small
1919
Sinking fund 4s
Missouri funding
1894-1995 J-J
Nebraska Extension 4s. 1027
101% Jan '02
105
104 104%
North Carolina consol 4s. 1910 J-J
Begistered
1927
l:;i,
J'ly'Ol
1919 A-O
6s
Southwestern Div 4s
1921
120 Mar'00
1933 J-J
So Carolina 4^8 20-40
Joint bonds See Great North
95 34 J'ly'02
Tenn new settlement 3s.. 1913 J-J *95%
95% 96 5e
Debenture 5s
1913
94 J'ne'02
J-J
Small
94
95
Han & St Jos consol 6s.. 1911
"96"
90% J'ly'02
Virginia fund debt 23s...l991 J-J
95% 99 34 Ckic& E 111 lsts f cur 6s. 1907
J-J
K egistered
1st consol g Os
1934
8
10 S
0s deferred Brown Bros ctfs.
J'ly'02
General consol 1st 5s
1937
Begistered
1937
Railroad
Chic & Ind C By 1st 5s. 1936
Alabama Cent Ace Ho By
Chicago & Erie See Erie
labaMull See Sav Ela & "W
Chic ln& Louisv ret 6s. ..194;
Albany A.Susq £eei)cl&Hud
Befunding gold 5s
1 047
Allegheny Valley Mee Peun Bit
Louisv N A & Ch 1 st 6s 1 1
See
Butt
K & P
ABeg <fc West
Chic Mil & St Paul con 7s 1905
Dock & ini See Cen t ol N J
Terminal gold 5s
1914
Ann Arbor lstg 4s
A1995 Q-J
100'; 100
9558 100
100
General g 4s series A...
Atch T & S i'e gen g 4s... 1995 A-O 103^ sale 103 7a 104% 65 103 105 34
Begistered
989
iRegistered
1995 A-O
J'ne'02
ioj
105%
General g 3 %s series B
Adj ustment g 4s
96 34
"l4 92
ft.19 95 Nov
97
'.»7
96% 97
Begistered
cl989
Registered
W.995 Nov
94% Apr 'd
93% 94%
Chic & I, Su Div g 5s. ... 92 i
.stamped
M995 M-H 95 Salt 94% 95 103 91%
(Shic & Mo Biv Div 5s.
Ckic & So liouis 1st 0s. .1915 M-S 114
Chic<fc Pac Div 6s
1910
Atl Knox A Nor 1st g 5s.. 1946 J-D 115 120 108*4 Dec '01
Chiccfe P Wlsts5s
Atlanta & Danv {See South By
Dak ifc Gt So gos
1916
Atlanta A Yadk See South Bj
Far & Sou assu g 6s
1924
Austin oj N \V Hee Sou Pacific
Hast<fc DDiv lst7s
1910
"|>at Creek & S See Mich Cenl
IstSs
L910
'-L)ali & Ohio priorlgSks. 1925 J-J
95*8 Sale
95=8
94 3 , 97%
95k
1& D Exteu 1st 7s
Registered
h L925 Q-J
97 Apr'02
07
LaCrosse&D
1st 5s
1919
Gold 4s
A-O 102 34 Sale 102 3* 103 1
h
104»4
Mineral Point Div 5s
H)2
1910
Bey si -roil
71,1948 Q
1 02 % Feb '02
102
So Minn Div 1st 6s
Con
191 M-S 108%110
109k 10968
L 12 %
Southwest Div 1st 6s
L90I
p J un & M Div 1st g 3 "281925 M-N 90%
91%
91%
\\ is & Minn Div g5s
90% 93%
192]
Begislered
pl925 Q-F
.Mil & No l~i M L os...
M-N
PLEct WViiSy98 34 Sale
lot
1st consol 6s
1913
Southw Div 1st g3%8-..1925 J-J
90% Sale 90
90
90
91*8 Chic <fe North v,
Begistered
y-j
'jini.riv-ir
/i.1942
90% 90%
Gold 7s
1902
Monon Biv 1st gug 5s. .1919
114k J'ne'02
114% 114*4
Registered
1902
Cen Ohio B 1st og4%s.. 1930 M-S 109
112 Nov'01
Extension 4s
Beech Creek See N Y C A 11
Begistered
Ism;. 1020
Bellev A Car See Illinois Cenl
old 3%s
Gei
>,.

Price

iriday
August 8
Bid

j

Begistered
1939
General gold 4 %s
1992
139?4 139 34
1992
Begistered
105% 106%
Craig Valley lstg 5s
1940
100% 106%
B<fe A Div lstcong4s..l989
2<i consol g4s
1989
"Warm Spr Val 1st g 5s.. 1941
3
94 4 95%
Greenbrier Itv lstgugls '40
ne do tar.
Chic & Alt KH s fund 6s.. 1903
90 100
Befunding g 3s
1949
of $5 to £.
Mailway 1st lien 3%s...l950
1950
Begistered
106 107
Chic Bur & Q consol 7s. ..1903
1905
Chic& IowaDivSs

133

132

Jrligh

Le «fc Hud B gen gu g 5s 1920
107 34 109=8
Leh & Wilks B Coal 5s.. 1912
Con ext guar4%8
#1910
N Y' <fe Long Br gen g4s 1941
105^8 109% Cent Pacific See So Pacific Co
106^8 110
Charles <fc Sav 1st g 7s
1930
107
107
Ches A- Ohio g 6s ser A../il90S
108% 109%
Gold 6s
al911
108% 113
1st consol g 5s
1939
3

105% 100 "4 109% Apr '02
1

Low

109%10978

107 34 J'ly'02

107

i

coupon

Apr '02

105% 106\ 106 78 J'ly'02

i

US4s
TJ S 4s coupon
V S os registered
V

107% 108
107 k 10S

S 2s consol
S 2s consol
s 2s consul
S2scousol

n. y.

January 1

Miyll No

109 78

stock exchange
Week Ending August 8

Since

or
Last Sale

Ask Low

Bid

V
U
U
U

Mange

Friday
August S

BONOS

Ma nge

Week's

Price

STOCK EXCHANGE
Week Ending August 8

N. V.

109
110

O

98 34

99

121% 124%
122% J'ne'02
123% J'lv'02
I20kl24
98% 234 98 101k
98k

125 J'ly'02
102 k J'iy'02
106 Oct '99
110 j'ne'02

127

....

101

103

no

110

114% Nov'01
109% Deo '99

1

99

Dec '97

.

:;

'No pneo Friday;

latest price this

118 34

118%
week,

119%
118
a Due Jan

110%
3

3 119
1

ci

Due Apr

122

IT'-,

e

1

L9k

»;n« nml Electric Light
Atiauta G L Co lstg 5s... 1017 J-D
Bos U Gas tt C«8 8 f g 58.1939 J-J
Bklyn U Gas 1st con ;: 58.1945 M-N

Duo May

g

Duo

J'ne

ZtDueJ'ly

91k Ool

'98

120%
iis% 117k 118
6 117
k Due Aug p Due Nov gDue Dec *Optlou sale
11734

AUGUST

HON OS
STOCK KXOHANCra

K. Y.
\\

Bond Pecord— Continued— Page

9, 1902.]

Price

-Z

Weeic's
or

Range

Friday)

August S

ArtU'ST S

K F-M'l.NV.

;

5C

n

Last Sale.

Ask

Hid

117 34
A West I ml Ren a' 6a ?1982
107*2. ....
ChloA West Midi Ry 5s. .1921
109
I3MMS Ok 4 O gen S 5s ..-•WIS jj
109 *a
Cm H A D consul s 7s.. .1905 A-O
1987 J-J
2d cold 4*2S
115
I 1st gn g 5s.. .19 11 M-N
Cin P
C I St L & C See C C C A St L
See O C C St L
Cin S A
Man See B K A P
Cleariii'Kl
Clin-

Loio

Hi oh

<fc

109
114*-.

113 34 115*2

Cleveland Cm Chic A St Louis
1993
General g is
1930
Cairo Piv 1st gold -Is
Piv 1st g 4s. 199)
Cin
St L Piv 1st col tr g 43.. 1990
1990
Registered
Spr* Col Piv 1st g 4s. .1940
Val Piv 1st g 4s.. .1940
C I St L<fc C consol 6s. .1920

—

W AM

J-J
J-J

M-N
M-N
M-S

WW

stert-d

M-N

Cin S A CI con 1st g 5s. .1928
1914
CCC A I consol7s

1021a 102*4 102*4
102 Apr '02
102 'g 102*s
103 104 J'ne'O

98

J-J

102"

fcl930 Q-F
fcl9S6 Q-F

1st sold 4s
:

102
101
102
103

J-P

113

J-J

V

WW

Income 4s

I.or A Wh

5s.

May'99

100

J'ne'01

8J

Nov'99

104"8
102

101*2 10334
1

02 Ss 104 y4

1938 Q-J
Registered
Clev ifc Pitts See Penn Co
1947 J-J
Col Midland 1st a 4s
Colorado a- Sou 1st g 4s. ..1929
Coluiu <te Greenv S< t So Ry
Col <fc Hock Val See Hock Val
Col Conn <fc Term See N A
Conn A Pas Rivs 1st g 4s. 19 in A-0
A Gt So See C M & St P

116*2May'02

98*2102
72
82*2
114*2110*2

124*s.

128

127*2128

3

J'ne'02

83*2
94*8

S2*4

803j

95

91

97

W

Dak
alla-s A

Waco .See M K A T
Pel Lack A Western 7s.. .1907 M-S 117*2.
Morris* Essex 1st 7s. ..1914 M-N 135

11 7*2 May'02

135
137
140

.

guar 7s
1915
Registered
1915
lstref gn s 3*28
2
N Y Lack A 1st 6S...1921
Construction 5s
1923
Term & improve 4s
1923
SyrBing<fe N Y 1st 7s.. 19m;

J-P
J-P
J-D

W

Warren

J-J

FA

l(

Bel& Hud

A

Sus 1st con

gti 7s.

Registered

Gnar sold 6s

1900
1906
1906
1900

AR

Penv

J'nev02

115*8

H5*8

M-S

143 J'ne'02
149 Aug'01
115 34FeV02
122 J'ne'99
109 J'ne'02

11 •-••-*.

Bridge

.See

1930 J-J
Improvement gold 5s.. .1928 J-P
Rio Gr So
gu
.See Rio Gr So
Pen & S WT est gen s t s: 5s 1929 J-D

90

101
93

102

83^

MS

93
113

94
115

L937 A-O
1916 J-J
Pul So Shore
Atl g 5s. .1937 J-J 114*2.
L*aBt of Minn .See St P M A M
JLjast Ten Va A Ga See So Ry
Elgin J ol A- East lstg 5s. 1941 M-N *114
Elm CorfA No See Leh
Erie 1st ext gold 4s
1947 M-N 115
2d ext gold 5s
1919 M-S 119
3d ext gold 4*23
1923 M-S 114-*-.
4th ext gold 5s
1920 A-O U»>4
6th ext gold 4s
1928 J-P 107
1st consol gold 7s
1920 M-S 140
1st cousol g iund 7s
1920 M-S
Erie 1st con g 4s prior.. 1990 J-J
99=8 Sale
Registered
1990 J-J
"8634 Sale
1st consol gen lien g 4s. .1996 J-J
Registered
1996 J-J
Penn coll tr g 4s
9338 Sale
1951
BuffN
Erie 1st 7s.. 1916 J-P
Buff & S
gold 6s
1908 J-J

&

4NY

.

.

.

.

,

.

FA

W

Jeft

RK IstgugSs

6s. .1935
Coal&RR 1st cur gu 6s. 1922
Pock
Imp 1st cur 6s.. 1913
Green L gu g 5s. 1946

* 123*2.

108

A-O *137
M-N 115

.

*116

.

A
J-J
NYA
M-N
MidRRofN J lstgOs.1910 A-0
N Y Sus W 1st ref 5s. 1937 J-J

1

86 34

1(1

J'lv '0?

WilkA Ea

A

Pitts

ATH

1st

See

J'ne'02

112'8 115

May'02

119 J'ne'02
1161*8 Apr '02
119 34
119^

115*2118
118 S8 1
115 L16*8
II934 121 34

109 *4 Jan'02

1()8 S8

l

100

121*2

1st general gold 5s
1942
Mt Vernon 1st gold 6s.. 1923
Sull Co Branch 1st g 5s. 1930

A-0
A-0
A-0

109
110
100
110

Ind 1st con

eru a 6s..

.See

Uh

1926 J-J

M & St P

138
136

34

98*2 J'ly'02
86*8
86 34 130
93*4

133

93 3 s

25

Jan '02

123*2 J'ly'02

106

106

137*4 J'ne'02

121*2 J'ly'02
11034 109*2 110
112 J'ne'02

il6" May'02

1

1

"

I

i

12

139

98*4 102
98*2 98*o
863s 90

93
133

96
133

50

123*4 12534
io:;"i 106

Erie
See L S
See Tol
See St l-

N Y 1st gu g4*2S.1940

Registered

1940
Leh V Ter Ry 1st gu g 5s. 1941
Registered
1941
Leh V Coal Co 1st gu g 5s. 1933
Registered
1933
Leh A N Y 1st guar g4s..l945
Registered
1945
El
1st g 1st pf 6s. 1914
Gold guar 5s
1914
Leh & Hud R See Cent of N J
Leh & Wilkesb ,S'e« Cent of N J
Leroy A Caney Val See Mo P

96

354

95

97*4

109*(

11 107*4 112

10534 Apr '02

105 34 103

115i 8 Apr'02
113*2 Mar'00
104*2 Mar'02

115

116

i'04'2i0538

100,1.,

J'ne'02

10634

105

102 Oct '01
104 34 104*2 J'ly'02
10458 May'02

103*2106
104 5s 104 s8

99 7 101*4 Apr '02

100*2 101*4

f

US

May'99

123

85

87*8 May'02
99*2 100

87*8 87*2

ibo"ioi"

J'ly'02

101 8
i

0d

'99

100 Nov'00
113*2 Feb'02

111*2

a 23

124

126*2.
'127

127'. J'ne'02

90

113*211434

May'01
;

127*4 131

124
104 58 Apr'02

104=8

106

106 34 J'ly'02

106 34 106 34

ibl" Jiar'02

ib'i" 104*2

107
107
102
122
100
75
117
97

107

105 s8 109

.

J'ly'02

10234 Mar'02
125*4 J'ly'02
101*2 101*2
75
75
117*2 J'ly'02
97 J'ly'02

...
...

ldih

100 10234
121*2127
98*2 103
75
80
116 119*4
97
95
•

*107
72

*

72*2

72*8
72*
03 '4 Oct '00

121*4.

121*4

121*4

118

118

118

.

82

71*4

74

120*4 12:^

116

118

114*2.

11534 J'ly'02

112*2 115^4

107*2.

110*2 Feb '02

109

109

.

110

107*4

.

109 112
109*2109*2

119

.

108

.

110

109*2 J'ne'02

11838 Jne*02
109*2 Oct '99
109 J'ne'01

110*2

1183g 120*4

*106*2.

98

.

97

J'ly'02

97

97

C&N

Long Pock See Erie
Long Island 1st con g5s.ft.1931

ftl931

General gold 4s
Ferry gold4*2S
Gold 4s

1038
1922
1932
Unified gold 4s
1949
Pebenture gold 5s
118*2118*2
1934
Bklyn& Mont Istg0s..l911
3
1st
5s
118
115 4
1911
N
115*2118
B 1st congos 1935
102 103
lstg 5s
1927
Nor ShB 1st con ggn5s 01932
107*8 110*2
116 116*2 Louisv A Nashv gen g 68.1930
Gold 5s
1937
Unified gold 4s
112*2115*2
1940
Registered
1940
Coll trust gold 5s
121*2 126*2
1931
Coll trust5-20g 4s. 1903-1918
108*8112
Cecilian Branch 7s
112 112
1907
Nash 1st g 6s.. ..1919
LCin A Lex gold 4*2S... 1931
114 116
O&
1st gold 6s.. ..1930
2d gold 6s
1930
136*4 137*4

106*4

109*2111*3

.see

YB&M

*105

108

12034
*103*2
*102*2

*103

104

102

EH&

N

M

101*8 Sep '99

122

Mar'02

121*2 122

102
103
100

103
May'02
Oct '00

10134 104*4
103 104

102*2

111
107*2.

NY&RB

NOAM

lint&PereM .SeePereMar

104

City Sou 1st gold 3s.. 1950
R e gistered
1950
Kentucky Cent See L & N
Keok & Pes Mo See C R I A P

Leh Val

'-''-'

140 *4 J'ly'02
139 J'ly'02

gugos.1942 J-P 113*2 114341114*2 J'ne'02
Penn Co
J-J

Fargo & So

115

114

99

*106:>8.

1

Knoxville <fc Ohio See So Ry
T ake Erie & Wist g5s.. 1937
Lj 2.1 gold 5s
1941
North Ohio 1st gn g 5s.. 1945
L Sho A Mich S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
199"
Registered 5s

111

*116*«.

1st cons 6s. 1921

Ev&

H5

J'ne'02

*4

RR

102

116*2
92*2

102*2Apr'98

Kan

102

92*2 95*2
84*2 87 34
92*2 95*2

112 58

J'ly'02

Regis $5,000 each. ..1943 M-N

Evans

101

.

1951
931

AAGR
AMS
Kal
an & Mich
AOC
K C Ft S & M
ASF
K C A M R & B 1st gu g 5s. 1929 A-O
Kan C A Pacific See M K A T

115

.

112

g 4s. ..1951

gu g 4s

Mav'02

108 7

113*4.

W

84*2 91

J'ly'02
93*2

11

1st

87*2

109

109*8 Sale

Ind Bl A West See C C C A St L
Ind Pec &
1st g os
1935
11 1^1L13 R
1 st guar cold 5s
1935
147*2
Ind IU& la lstg 4s
1950
147*2147*2 Int & Great Nor 1st g 6s. .1919
1000
2d gold 5s
101 104*2
3d gold 4s
1921
110*4 112
Iowa Central 1st gold 5S..1938
109 113*4
Refunding g -Is
1951

102

118*2Apr'02
109 Oct '98
*113 a4
II534 May'02
<fe
117*2 117 May'02
2d gold 4*2S
1937 F-A 100*4
103 Apr '02
General gold 5s
1940 F-A 108*2 Sale 107*8 108*2
Terminal 1st gold 5s. ..1943 M-N *117*4
116*2 May'02

Erie

L Sou

1st consol gold 4s

01909 A-O

Long Pock consol g

St

I08 s4 109

Feb '01

94
114

1st

i'o'o"

88*2

9579

Sale

. .

Meroph Piv

11

98*2N,.v'im

SeeSoPaeCo

Central 1st g4s.. 1951
1951
Registered
1951
1st gold 3*2S
1951
Registered
1951
1st- gold 3s sterling
1951
Registered..
1952
Coll Trust gold 4s
195
Registered
L O A Tex gold 4s. ...1953
Registered
1953
1950
Cairo Bridge gold 4s
gold3*2S.1953
Louisville Piv
Registered
1953
Midland Pivreg 5s
1921
1051
St Louis Piv gold 3s
Registered
1951
Gold3*2S
1951
1951
Registered
Spring" Piv 1st g 3 *2S. 1 95]
1st
4s..
1051
Lines
2:
Western
Registered
1951
Bellev<fcCar 1st Os
1923
Carb A Shaw 1st g 4s.. .1932
Chic St L A N O g 5s.. .1951
Registered
1951
1051
G0lCl3»28
Registered
1951

Registered

111
93*2
86*8

*105

llinois

144

115-J 11534

90

90

104*4

Pet <fc Slack 1st lieu g 4s. 1995 J -I)
Gold 4s
1995 J-P
Pet Sou lstg Is
195] J-D
Ohio Sou Piv 1st g 4s. ..1941
Pnl A Iron Range 1st 5s. .1937 A-O

Small
1908 J-J
Chic A Erie 1st gold 5s.. 1982 M-N

143

I

Low High
106*2106*3

lll*2Mar'02

1999
Col A H Vlstext g 4s. .1948
Tex See So Pac
Houst E <fe

Jefferson

M-N

Y&

114*4 May'02

10" k>
.02*8
102*2
107 '3 108*4 1 10 »o May'02
'09 s4Ang'02

Grist coug4s. 1930 J-J

Consol gold 4*2S

Registered
2d 6s

J'ne'(>2

147*oJ'nc(e_»
147*2 J'ne'02

147*2
L47*a

Pa R R

DesMoi&FtD SeeCRAIP
Pes M & Minn See Ch A N W
Pes Moi Un Ry 1st g 5s. .1917
Pet M A Tol See LS&M So

133*2 137
115*8 118*4
105*2
L02
114*4 11738

1113gFeb'02

Registered
& Saratoga 1st 78.192] M-N
Registered
192] M-N

RR

i.36 34

114*3....

102

Rens

Pel Riv

Oct '98

M-N 101 ....
A-O ni'j....

A-0
A-O
A-0
A-O

11738 120*8
1S5 188
137 HI

J'ne'02
J'ne'02

13 1»4 133*2

L917 M-S

Registered
All)

.

FA

1st ref gu g ws.'-'i >0
1st Pa Piv 7s. 1917
;-;

137

96

N

83*2

103

Registered

I

100*2
73

100

103
112
Ill

Hau&StJo SeeCB&Q
ousatonic See N Y N H & H

W
HoustATexCen

138

73
74
115*2.

83 Va Sale
94 34 95'^

FA

.See

138

May' 02

106

i
Sale

Rv

Hock Val lstconsolg4*2S. 1999

113=8

ib4*2Nov'b'f

100

reenbrier

113s8 115*o
134*8134*8

RR

1st consol

i

Since

January

Sep 00

06 *a Feb
105 Mar
1

ii"3"il3*2 112*2
88*2 Sale
88

1921

105

A-0

1990 Apr
1933 A-O

coll tr 4s

dies A O
Gulf&SIlstret Atg5s 61952
(

-C

High A

100

105*2....

W

Gt Nor— C B & Q

p

RR

1

10js8 Mar'02

138

Q-J
A-0

N

&

Range
S
A

1033.1....

A

113=8

J-J
J-J

g
CI
Clev<fr Marietta .See Penn
Clevtt- Mahon Val g 5s. ..1938 J-J
cofl 1st

19

102
102

134% Jan '02

J-P
1014 J-P

Consol sink fund 7s
General consol sold 68.1934
198 1
Registered
1st iiref 4s. 1940
Ind Bf A
1st
pf
58...<il938
Ind
A
O
Peo tt East 1st con 4s. ..1940

W AA
W

AH

<fc

Ask Low

1(>4 34 ....

1st g 5s. ..1918
1st land gr ext gold 5s. .1930
1943
Consol gold 5s
Fort St U P Co 1st g 4*2S.1941
1921
Pen C 1st g 6s
Ft
Rio Gr 1st g 3-4S.1928
Ft
See So Pac Co
/ 1 al Har & S
* TalH
of 1882 1st 5s. 1913
Ga & AlaRy 1st con 5s. .01945
Ga Car & No 1st gu g 5s. .1929
Georgia Pacific See So Ry
Gila VG<fe Nor See So Pac Co
Gouv Oswegat See Y Cent
Grand Rap & Ind See Penn
iray's Pt Term See St, L S

FlaCenA Pen

11734 11!,

Week's
Range or
Last Sale

Friday
August 8
Bid

High
109
105

Price

STOCK EXCHANGE
WEEK ENDING AUGUST 8

N. Y.

i

117 34 J'ly'02
109 Apr '02
114*2Mav'02
11 I'-Pec'O]
118 Oct '00
114 34 J'ly'02

t

BONDS

Range

82
S n ce
33^ January 1
ffO

279

2

108*2....

119

'02

109 *" J'ne'01
112 Mar'02
112*- Jan '02
112*« Apr'02
119 J'ly'02
116 J'ne'02

102*4 102

'112

102*2

Jan

100
115

Aug'02
Jan '02
Feb'02

100*2101*2 100*4 J'ly'02
101*2 106 Pec '00
May'02
L15
112 113*4 103 Jan '98
130*2 Feb'02
128*8
122*2
124 s8 Apr*02

99
111

102 34
111

112 118
112*211213
112*2 114*3
118 34l22
116 117
100*2 103 34
100 100
115 115
100 101*2
114*2 116

128*2130*2
122 124 58

MISCELLANEOUS* BOND;*—Continued on Next Page.
Gas and Electric Light
Ch G L A C Co See P G A C Co

Columbus Gas

Conn Ry

<fe

L

Gas and Electric Light
Mut Fuel Gas Co See Peop Gas
Newark Cons Gas con g 5s 1948 J-D

1st g 5s
1932 J-J
.See Street Ry

Con Gas Co See P G
Detroit City Gas g 5s
Pet Gas Co con 1st g

&

NY'GELH&Pg o.;...1948 J-D

C Co

94V

1923 J-J
03. ..1918 F-A

EdLlIllBkn SeeKCoELAP
Ed E 111 See N Y G A E L H & P
EqG LN Y 1st con g 5s. .1932 M-S
Eq G A Fuel See P G A C Co

Gas A Elec Berg Co eg os. 1949
Gr RapG L Co 1st g 5s.. .1915
K C Mo Gas Co 1st g 5s.. .1922
Kings Co El L A P g 5s. ..1937
Purchase money 6s
1997
Ed El II Bkn lstcon g4s 1939

118

J-P
F-A
A-0

No price Friday;

latest bid

J'ne'02

107 34 Pec '00

'

96*2

LacGasLoiStLlstg58.el919 Q-F 108
Milwaukee Gas L 1st 4s.. 1927 M-N
95*2
*

118

May'02

61*2 Oct '01

A-O
A-O 123*2125
J-J

97
104

J'ly '02

124*4 J'ly '02
99 J'ne'02
109 J'ly'02
95 J'ly'02

and asked this week.

aPue Ju

112*2ll6»4
113*2
113*2 113
Purchase money g 4s. ..1949 F-A
90*4
95 34 98*2
96*4 Sale
96
Ed El HI 1st conv g 5s. .1910 M-S 107
106*2 109
108 J'ne'02
1st consol gold 58
104 101
120 121 34
1995 J-J 120
120 J'ly'02
NY&QE1L&P 1st con g 5sl930 F-A 106*2
101*2 108*3
106
106
Paterson & P G & E g 5s. 1949 M-S
Peo
104
Gas
104
118
&
118
C 1st gu g 6s.. 1904 M-N
104 J'ne'02
2d guar gold 6s
103 106
1904 J-D 103*al04*2 103*2 J'ne'02
lstcon gold 6s
120=8120
1943 A-0 121 .... 121 May'02
Refunding gold 5s
106 Pec '98
1947 M-S
111*4
Ch G-L A Cke 1st gu g 5s 1937 J-J 110
108*2
109 J'ly'02
107*4 109*2
Con G Coof Ch lstgu g5s.'36 J-D 108
108 J'ly'02
102*2 105
Eq GAFCh 1st gugOs. 1905 J-J 102*8.
123 124*4
105 Apr '02
105 106
Mu Fuel Gas 1st gu g 5s. 1947 M-N
99
97
.105 105 J'ly'02
Trenton G A El 1st g 5s. .1949 M-S
107*2110
109 Feb '01
95 34 Utica E L A P lstsf gos.1950 J-J
95
MOueFeb dPueApr (Due May ftPueJ'ly fcPueAng oPueOct gDuePec iOptionsale
92*2 99*2

—

1;

Bond Record— Continued— Page

280
BONDS

Price

STOCK EXCHANGE
Week Ending august 8

Bid
Louisv & Nashv (Continued)
Pensacola Div gold 6s... 1920 M-S
1st gold 6s
gold 3s

113
100

.

117
115

.

100

.

Ma

LS&MS

Coal See
anhattan Ry consol4s.l990
1990
Registered
Metropol El 1st g 6s. ...1908
Coloniz g 5s.. ..1934
Man S

W
McK'pt & B V

NY

Cent
See
Metropolitan EI See Man Ry
.1911
gold
4s.
Mex Cent consol
1st oonsol income g 3s.al939
2d consol income g 3s..al939
1917
Equip & coll gold 5s
1919
2d series goid 5s
Coll tr g 4%s 1st Ser....l907

A'o

101*2
110*4 110*2
112 114%
112 117

104% 105

104 34

J-J

iii"

105*4 May'01
111*2 112

104%

104% 107*2
111*2 114*2

J'ly
J iy
-

82% Sale
32% Sale

82*2

22

23

22*4

21
33 3s 260
22*4 47

96*2
91*3 92

96*2

97*2

32%

32*2

A-O

97

145
118

J-D
Iowa Ex 1st gold 7s
1909 J-D
A-O
Pacific Ex 1st gold 6s... 1921
South West Ex 1st g 7s. 1910 J-D
1st consol gold 5s
1934 M-N
1st and refund gold 4s. .1949 M-S

55

90% J'ly '01
105

.

.
.

123

.

128%.
121
122
105 %.

'J

gu g 5s. ..1940 M-N

102%...

Kan C & Pac 1st g 4s. ..1990 M-S 88%...
M K & T of T 1st gu g 5s. 1942 J-D ios%.._
Sh

<fe

So 1st gu g 5s. 94

::

1

K

&

F-A
J-D
A-O 113
M-N 112%

105*4

103
98

E-A
J-J

117% Sale
93 Sale
103*2

Mod &
g
1945
Mortgage gold 4s
Mob Jack & K C 1st g 5s. 1946
Mob Ohio new gold 6s.. 1927 J-D

84%
107

129 %
125 127
99

<fe

114%

Guaranteed g4s

99*8.

1931 J-J
See Southern

J-J

125%.

A-O

115
119
11484
114 34
101

Sale

J-J
J-J
J-J

A-O
A-O

.

112%

124*2

124*2

109

109

108

106

109

91% 95%

May'01
Aug'02

104%107*4

116%
115%120
114

J'ne'02
117*4
J'ly '02

114
92% 95

114

93

Apr '02

03

93%

J'ly '02

97
129
127
98
114

102
132
12S %
100

J'ne'02

Peb'02
99

11 6% J'ly '02
95*4 Nov'01
101*2 J'ne'02

118%

100% 101%

1

114

116

.

116

116

111

J'ly '02
Dec '99

116

.

101

101*4

78

30 101
33 78

104

78 34

.

.

103%
103

.

.

100*2

101

100%
101

•

94*4 sale
93 Sale
94*2
93

'

1

I

.

1

106

1

>.~>

!

1

1

Clearf Bit Coal 1st s

Gouv & Oswe 1 st gu g 5a L942 J-D
Mai 1st gug 4s.. 1991 M-S
Moll
<fc

Income 5s

h

Con

I

Can Coal Mm

si

ml Iron

See T
Clearf Bit Coal See

C <fc

C

I

&R

*

I

No price Friday;

latest bid

128
127

132%
130

92

loin.,

1st

ioe"

97% Sale

100*2 I'ne'02

100%101%

hio River RR let g 5s. 1936 J-D
General gold 5s
1937 A-O
Ore & Cal See So Pac Co
Ore RR & Nav See Un Pac
Ore Short Lino See Un Pac

31

9
3

94% 98
93
96%
93
97%
93

Apr '02

93

105%108

.

102%.

2

204% 225

J'ly'02

2117

114

220

135%135%

n
.1

106%Mar'0:
1

!<><,>,

106%

04

104

lo:;

105%

101%Nov'98

Oct '99

75

102

% May'02

100

102%

120% May'02
1

112%

Jan '02
94% Feb '02

100

is

7.s

Ii

Consol

slci Unj

B

l08%J*ly'02

108

110

HI

109% 114%

1

111

102% May'02
Apr'02

102

111% 111%
110% J'ly '02
Nov'98

Due May

102%102%
101% 102

111%113%
110%112 34

97% 99
122% 123

114 34

116%

114% 115%

1

1063, Nov'01

F-A

07

>2

J'ne'02

128%

128%
May'02
130 Apr'01
110% Mar'02
131

,

M-N

13

97

97%

128% 132
130 131%

110%H0%

107% 424 i03%ib"8"

on Next Page

1

Cot Oil

100

94% 94%

1905 J-J

6s

Col

Am

100

119%

115% J'ne'02
115% J'ly '02
16% Feb '01

J-J *128%
1912 J-J
A-O *128

RR 1st real eat g4s. 1023

121
122
jo 110*4 112%

M-N
F-A

1942 M-N
1945 M-N

guar

120% 129%

115

J'ly'O:

Warrants conv 3 '2s 50% paid
107% Sale 107%
Q-M
Con currency 6s n
Consol gold 5a
1919 M-S

e

112*2

Nov'00

D

51

ly '99

Apr '02

122

102

F-A 104
P-A 100

Sale
Sale

103%

99%

82 103
101*4 320 09%

104

106%
111%

I

:

1

4%8
Duo .1'ne

.!

1

g

A-O
J-l)

101

J-D
J-J

104

928 JJ
58.1946 M-N
5a.

108

116

106

106%

J'ne'O'.

108

111%

109%

109

113

115

J'ne'02

80

!:,v'07
M

1

!>InnufacturitiK iV Industrial
Amer Bicycle a f deben 5a 1 010

Due Feb

73
72

::>

101

C guar

75%

Apr '02

101

1

6

74%

112 2J'ne'01

.

95

72

112
110

110

92

101% 104%

104% 104% 46 104 106%
104% J'ly'02
103% 105%

116

102%.
99%.
111%.

L00%100%

102% J'ly '02

116%118

314
112

36

1.35%

104%

'01

J-J
J-J

I

a Due Jan

107%.T'h

135%
]

41

100%.l.
04*4
01",

98% J'ly '02

:

110% 46 110% 113% Roohcft Tit Ocfc pur m
106% Aug'02
105% 109% Tenn Coal TDiv si
J'ne'02
Birm Div 1st consol 6s. .1917
110%113%
Call
M Co 1st. gu g 6s. 1022
De BarCcfc ICogu g 68.1910
WI1LE& PC Co lstg 6s. 1919

115

101"

1013.J

ngug4%s 19 J-J
P C C & 8tL gu4%3 A...1940 A-O
Series B guar
1942 A-O
1

111

112

133

Oct '00

HC&C

....

:;!•',

121

1st a
KiinA
Pleaa Val Coal 1st g a

.

J'ly '02
J'lv'02

1

120*4.

nesE3%guarg
1040
Pitts Ft \V& (J 1st 7s. ..191"

95

'01

J-J
J-J

136

J'ly'02

1

114% Apr'02

A-O
M-N

3

102

Series
Series

96

97% 100%
1 00% 100%

13434

HOi.,116%

Mar'02
L33

123

Coal ami Iron
P & I Co gen s f g 5s. .1943
ConveitiMe deb g6s ..in
lie Ksinii
C«S
6'eeTC & 1
Gr Riv Coal* C 1st gOs
114%114% Jefl'& Clear C & 1 1st g 5s. 1 020
2d gold 5s

97%

100%Apr'02
100% Oct '00

and asked this week,

105%

1046 J-D

C 3%s
1948
SeriesD3%s
L950
Erie& Pitts gug3%s B. 19 x.
Series C
1940

J'ne'98

Nov'00
Apr'02

d"32%!

Mo Pac

C1& Pgengug4%sserA.'42 J-J
Series B
1942 A-O

107*2 J'ly '00
110*4 Dec '01

55
115

121*4 121*2

122% 127%
11334 114%

Dec'01
•

M-S

110% Sale 110%
111%113

22:.

220

A-O
A-O

NA.-'

93

113% Oct
106

See

1st s

2d7s

97%

100
.

NYC
NW

101% 101%
100%

93
94%
93% Peb'02
111% Sep '01

109

115

6s. .1933 J-J

tx

Nor Ry Cal See So Pac
Nor Wis See St P M &
Nor & Mont .See N Y Cent
OInd & W See C C C & St L

Scries

100% Nov'01
04%
94*2

95

115% May'00

.

L02»4 104

N Y C <& H

Dev Co gu

g 5s. L909 J-J
Col Fuel Co gen gold 68...1919 M-N

Col

J'ne'02
J'ne'02

127

Dec '01
106%Nov'00

WW

3d

N

1

128

110

.

102% 103%

109% Sep '97
101 34 Apr'02
100% Jan '02

Telegraph ami Telephone

AT

118% Dec'01

1996 A-O
94 34 Sale
PocahCcfe Cjoint4s..l041 J-D
T 1st gu g 5s
102 J-J 106%
ScioV&NElstgug4M-N
North Illinois See Chi & N
North Ohio See L Erie <fc
Nor Pac— Prior lien g 4s. 1997 Q-J 104% Sale
Registered
1997 Q-J
General lien gold 3s
74 34 sale
a2047 M-l'
r/2i>47 Q-F
Registered
CB<fe Qcolltr4a SeeGlXniStPaul-DulDivg4s....l 996 J-D *101 103
Registered
L996 J-D
St P & N P gen g 6s. ...1923 F-A
Registered certific's..l923 Q-F
St Paul & Dul 1st 5s.
F-A
2d 5s
191 A-O 112%
1st consol gold 4s
1968 J-D 101 103
Wash Cent 1st g4a
1948 Q-M

MISCELLANEOUS BONDS—Continued
J-J
Comm Cable Co 1st g 4s.
Q-J
Regiatered
2397
Brie T & T col tr g a f 5s. .1926
1st s f g5s
Met T
L918 M-N
Mut Un Tel Co See AVest 11 11
Y & N J Tel gen g 5s..
M-N
No Westn Teleg See West Un
West Union col tr c
J-J
Fd and real est g 4%s... 050 M-N
M-N
Mut Un Tel sfimd-6s...
1904 J-J
Northweatern Tel 7s

.

CC&

Penn
*

M-N

W
Registered

ii's"

1992 Sep

Am Telep & Tel coll tr 4a 1929

127% 127%

146 3 8 Apr'01

.

126% 130
125%

1st

Oswego & Rome See
O C P & St P See C &
81% Pac Coast Co 1st g 5s

A-O
J-D
J-J

f 4 s

101*9 J'ly '02
L 04% J'ne'02

106

I

Beech Cr Ext 1st g 3%s M
& Ad 1st gu g 4s. .. 98

Cart

114

J

fund g4%8.. 1917
Sink fund subsidy g 6s. .1910
Penn Co gu 1st g 4 %.>.
1921
Registered
1921
Guar 3%s coll trust reg.1937
101% 104%
Guar 3 *os coll tr ser B...1041
103% 104%
CSt L& P Istcon g 5s. 1032
1.09%
108*2 109
Registered
1932

106 34J'ly'O2
OS % Apr'02
103 34 103%
102*2Apr'02

93

M-Ki

g6a
1932 A-O
Ry 1st con g 48.1996 A-O

River

N<fe

1

:

1

New

106% 109%

125% 129

78 34Sale

107

1

1

.

•

12534 J'ly *02
115*2 J'ly '02
113 Dec '99

.

101%.
101%.

1884-1904

.

114

<fe

95% J'ly '02

93
102
129
127
99

ct-

ac of Missouri

Registdeb 5s of.. .1889-1904
Debenture g 4a.. ..1890 L906

.

123%

J-D
A-O 225

J-J
1905 J-J

1st 6s

85% 88%

108 34J'ly'02

114
93

Convert deb certs 81,000...
Small certs fflOO
Housatomc R con g 5s.. ] 937
N H & Derby con 5s. .1918
N Y & N E 1st 7s g
1005

Panama

Registered
1903 J-J
Gold mortgage 3 "28
L89l
Registered
1997
Debenturo 5s of.. .1884- 904

Registered
1890 1. hi J-D
Debt certs ext g 4s
L905 M-N
Registered
1905 M-N
Lake Shore coll g 3 "2s.
B F-A
Registered
Jim- F-A
Mich Cent coll g3%a
998 F-A
Registered
F-A
Beech Creek 1st gu g 4s 0:; J-J
Registered
1936 J-J
2d gu gold 5s
J-J

104% 107%
107% 109%

Peb'02

114

116

W

NorPacTerCo

New H & D See N Y N H & H
NJJuncRR See NY Cent
New & Cin Bdge See Penn Co
N O & N E prior lien g 6s pl915 A-O
N Y Bkln & Man Bch See L I
N Y Cent & H R 1st 7s... 1903 J-J

Registered

112%115%
104%107%

127%Peb'02
138
128

N Y & North See N Y C
N YO & Wref 1st g 4s...
M-S 104% 105
102 106%
Regis S5.000 only
</1992 M- S
90*2 92
NYA
Put See N Y C
H
104%107% N Y & R B See Long Island
101%105% N Y S & W See
N Y Tex & M See So Pac Co
111 113% Nor& South 1st g5s
117
1941 M-N
110% 114% Norf & Wei
1931 M-N 133
122 126
Improvem't & ext g 6s.. 1034 F-A 129%
103

t

Mohawk & Mai SeeNYC&H
Monongahela Riv See B & O
Mont Cent See St P M & M
Morgan's La & T See S P Co

MW

112

114

5a. ..1927

W

101%
31% 87%

3

112 34

lstg

N Y L E & W See Erie
NY&LongBr See Cent of N J
N Y & N E See N Y N H & H
N Y N H& Har 1st reg4s.l903

98

87*4 J'ly '02
102*4 May'02
90% J'ne'02
1073^ J'iy'0
105*2 J'ly '02

117*4

121

110*4 J'ly '00

92

1st extension gold 6s..ftl927 Q-J
1938 M-S
General gold 4s
Montgom Div 1st g 5s.. 1947 F-A
St L<fc Cairo coll g 4s..el930 Q-P

T&

114*2

2000 M-N

Registered

N Y<fc North

Nov'01
Apr'01
100*4

100
105 ...
105
113%114% 116

Verdi V & W 1st g 58.1926
Birm prior lien 5s 1945

Morris & Essex SeeDelL&W
St L 1st 7s. 1913
Nash Chat &gold
5s
1928
1st consol
Jasper Branch 1st g 6s. .1923
Al
& 1st 6s.. 1917
McM
1917
P Branch 1st 6s
Nash Elor & Shef See L & N
Nat of Mex prior lien 4 %s. 1926
1961
1st consol 4s

108*2.

C & Stur 1st gug 3s. 1989 J-D
NYA
Harlem g 3*28.. .2000 M-N

98%

120% 124%
103%106

105*4

84*8

102%...

J-J

121

J'ly '02

99%
106

96

W&

112*2 J'ly '02

M-N 124%
M-S 108% 109
M-S
P-A 105*2 106%
94 ...
F-A

I

M & O coll 4s

114
114

124 121% May'02
A-O
R
Ocon lstext5s.A1922 A-O 122%122% 122%J'ly'02
Oswe & R 2d gu g 5s...«191 P-A
113% Jan '02
RW&OTRlst gug Ss.1918 M-N
110%Nov'0l
Utica & Blk Riv gu g 4s. 1922 J-J
107
N Y Chic & St L 1st g 4s. 1037 A-O 106%.
107
Registered
107 Dec'01
1937 A-O
147*al47% N Y & Greenw Lake See Erie
118 121
N Y & Har See N Y C & Hud
126% 127% N Y Lack <fe
See D L &

May'00

147*2 Jan '02
118 J'ne'02
127 J'ne'02
121 Jan '02

.

Minn & St L gu See B C R & N
M <fc P 1 at 5a 8tpd 4s int gu 1936 j:j 97
MSSM&Alst 4mt 211 1926
M StP & S S M Ci ai g4int gu '38 j-j
Minn Un See St P M &M
Mo Kan & Tex 1st g 4s.. .1990 J-D 100 Sale
84% Sale
2d gold 4s
Jfl990 F-A
107%
1944 M-N
1st ext gold 5s
87%
St L Div 1st ref g 4s. ...2001 A-O

Slier

JL&S lstg 3*2S

No Low High

110%Mar'00

M-S

1931 M-S
1031 Q-M
1940 J-J
1940 J-J
1951 M-S

Since

January 1

Bat

F-A

See Chic & N W
& Mad See Chic & N W
& North See Ch M & St P
Minn & St L 1st gold 7s.. 1927

Tebo<fc Neosho 1st 7s... 1903
1942
Mo & E 1st gu g 5s
1906
Missouri Paeiiic 3d 7s
1920
1st consol gold 6s
Trust gold 5s stamped. al917
Registered
al917
1920
1st coll gold 5s
Cent Br Ry lsi mi g 4s. 1919
Leroy CVALlsk- 5s 1926
Pac R of Mo 1st ex g 4s. 1938
2d extended gold 5s. ..1938
St L Ir M<fc Sgen coil g 5sl931
Gen con stamp gld g 5s 1931
tTnified & rel gold 4s. .1929

Sale

107*2 J'ly '02

4s
Registered

A-O

MULS&W

1st

4% Sale

107

Registered

81% 85
3038 36%
20% 25%

11

114

Gold 3%s

1st consol 6s. 1909

o

105% Nov'01

Registered

J-D

Range
5

Dec'01

104% J'ne'02
104%Mav'O2

7s. 1903

5s

J-J

Higli

108

104%
104%

Mich Cent

Mil
Mil

& Wa

2361 J-J

Last Sale

Asl Low

Bid

1903
1997
Registered
1997
Det Mon & Tol 1st 7s. 1906 P-A
KaAAGRl.stguc5s.1938 J-J
Mahon C'l RR 1st 5s. .1934 J-J
Pitts McK & Y 1st gu 68.1932 J-J
2d guar 63
1934 J-J
McKees& BVlstg6a 1918 J-J

J-D

Mexlnternatlst eon g 4s. 1977 M-S
Mex Nor tli 1st gold 6s. ...1910 J-D
Mich Cent See N Y Cent
Mid ot N J See Erie

Dal

Registered

Mar'01

H'eefc's

Range or

F-A
1986 F-A

Lake Shore consol 2d

Dec'01

J 'rice

JYiday
August 8'

1st 4s... 1986

NY&Pu 1st con gug 4s 1993 A-O
Nor & Mont 1st gu g 5s. 1916 A-O
West Shore 1st 4s gu... 2361 J-J

99

J'ly -nj

gu

Registered

Nov'99
J'ly '02

A-0
A-O

'..'.'.'.

N. Y.

1

N J June R

LXXV.

[Vol.

HON OS
STOCK EXCHANGE
Week Ending August 8
Low High N Y Cent & H R— (Continued)
Since

January

115 1163s
125*al27*2
75
77*2

110*2 Mar'02
11434 Peb'02

N

lion

=>

125*2 May'02
75 J'ne'02

921

1

5

Ask Low
High
116% Mar'02

M-S
70
1980 M-S
2d
Hender Bflgelatsf g6a.l9Sl M-S
100
J-J
..1987
KentucU
111%.
l,,v \ & M & M 1st g4%sl945 M-S
Pla & S 1st go g 5s.. .1937 F-A
Pens & Atl 1st gn g 6s.. 1921 P-A 114
S & N Ala con gu g 5s.. 1936 P-A 112*4.
1910 A-O *112%.
Sink fund gold 6s
L&Jotf BdgeCogug4s..l945 M-S 99
L N A <fc Cli See C I & L

L Div

3

Range

Week's
Range or
Last Sale

Friday
August 8

N. Y.

St

1

.

.

A-O 108
J-J

109

110

110

J-D
F-A 100

LOB

M-S

/iDneJ'ly

Feb'00

103% J'ly '02
32 Jan '00

J-J

1915 Q-F

109%

67% Sale
100

p Dae Not

101% 104

73
65
68% 89 60
101% J'ly '02 .... 99%102
»

Option

sale.

1

AUGUST

BONDS
N. V.

STOCK

EB— (Continued;

Penn
ifc

194S
gu g 48. ..1942

ids"
Lois"

GrR<£
SuuJc
U N J

Peusaeo:..

Peo
Peo

&

East

<fi

Pek

irf'MrtV'oo

lis.

PereMarq— Fifc P M
1st consul gold 5s

'.1989

130

125" i26
112>all4

y-ii" in'
112
115
113% 117

107>2Oct'98

122

&V

122
114

120

120

121

98
102

117%
98% Sale

1997
1997
g 4s... 1951

g 4s

Mny'02

121

J'ly'97
j'ne'02

ibo" ib'2%

97%

J'ue'02
9SI,

92

Apr'Ol

101
111 111
97% 101

95% 98

10i)34 Sale
9-.' J

i

113

-

82
95

"93%

Bock a.- Pitts See li K it p
Eouie Wat it Og S< e N V Cen1

4

Butlaml 1st con g i
Bnt-Canad 1st gug 4 His. 1949

100
94

J'lv'02

97
111

Jan '02
May'02

100

1003.1

9234
97

102%

L K C& N

(See

StLMBr

97

1121-2 11 514

80 V J'ly'02
93
i)S

80%

82i2

91

94%

E Ten reor

Registered

.

96

97

97

95

20

99%

See T BB A of St L
L .t S Fran 2d g Us CI B 1900
2d sold Os 'lass C
190G
General gold 6s
General gold 5a
1931
St Lit S V BB gold 48.. 1990
Soutliw Div 1st g 5s. .1947
Bet undui g g s
1951
K C Ft S it con g 6a..l92t

I07ia
1073a

I

130

;i9'[
99 '-4
Inn Jan '02
9797%
120 B J'ne'02
91U
92

....

98

W

.

W

lstgu g 4s.. 1938
SU SpOeaifc G gu g 4s.. 1918
Val & X E See Xor it W
Seaboard Air Line g 4s ...1900
Coll tr refund g 5s
1911
Seab& Boa 1st 5s
1920

99% 100
89% Sale
*

88% 89

107
107

99%
89i4

M

96%100%

100

89%
81% J'ne'02

77

90

80%

81 34

89

88

90

J'ly'02

stereo!

I

1905

Mex & ParlstgSs
1931
Gila V G & X 1st gu g 58.1924
Hous E &
T 1st g os. 1933

W

2

11
'-t

ii"234

A-O 106
A-O 107
A-O 117
A-O lli>
M-N 109%
M-N *110%
4

112

J-J

114

J-J

W

W

113%.

11 5

^ J'ne'02

141
140

Apr'()2

137%141%

May'02
Aug'02

139
112

1123.J

11

115%
106

114%117

107

140

106
106
107

X Ala

it

1

1

123

42

112 %

121%...
12.)34

J-J

121

1

111%...
90 ...

M-N

1

4

4i

11942119%

10934 J'ly'02
110 l4 Ap'r'o:

ib8%iii""

May'02

% Feb '02

1.08 14

115

116%

108

108

114% 114%

L08%J'ly'01

119%124

121
121%
122% Jan '02

122

99
115

99%
97
112% 115

99

Mar'02

LO0%

1001-

122

991..

10142

Mai 01

L20

96
121

98%

94

96
J'ne'Ql

116
Aug'02
117%J'ne'02

1

1

6 34

I

122%
113% 117%

122

125
125

129

126%J'ne'02
121

119

122%

J'ne'02
J'ly'02

120

42

12734

111%113%

i

116% Dee '01
93 Apr '02

I

1

110% 110%

.

M-S
M-N

41

119 42 J'ne'02
107 Xov'00

:i

M-S
M-S

2

110% Jan '02

101%J'ly'00
11% May'02
90 May'Of
lll%H3i4 110% UO=i
120 i
123 Feb'02
112% 116% 102 Oct '33
115
111 Sep '01
110%...
116 J'ly'02

M-S
A-O
M-N

92
.113

.

1

103%

128

124%.

J-J
J-J

i

4

105%J'ne'02
108 Dec '01

110% 117% HO 3*

J-J
M-N

11 2

J'ne'02

30

90

L09
123

112
123

115

116

98
120

98
121

See

122

117

.

115% 118%
105% 109

106

May'01
107

10C38

LaDivBLlstg

OC

Western Div 1st g

M

J'ly'00

W

124 !a 125

124% 125%

120

...

112%
111
106
95

vJn PacKRife

1

A-O
J-l)

A-O
:

194 J-J
1911 M-N

92
91

8 2 34

83
Sale

1

191

1

Ore Ry & Xav con g 4s. 1940
Ore Short Line 1st g 6s.. 1922
1st consol g 5s
1940
Utah <fe Xor 1st 7s
1908
Gold 5s
1926
Uni X J RR & C Co See Pa BB

111

J'ne'01

108% Sale

J-J
J-J
J-J

6 119

10

96

122
10234

112%114%
110%
94% ?834
93 4j
91
88% 92%

May'02

107

92 J'ly'02
89 J'lv'O"
83
83
98 42 J'ly'02

81 "4
97

87

99%

110%113

111%.1'ly'Oi

105 149 104% 106%
104%J'ly'O2
104 42 106 42

104%
l()8ia

106

M-N
J-D
F-A

rl

96% J'ly'02

90

105

gr g 4s. .1947 J-J

104
120
99

Feb'01
120
99

lOSio 109

91%

J-J

1

Begistered

1104,116%
112 4.115%

112% J'ly'02
112%Nov'01

97% 98%
nster&DellsteongOs 1928 J-D 112%

I

114%114%

L16% J'ne'02

97% 99%

J-J

-28.1923 J-J

U4%Mar'0
.

U5%May'0

1930 A O
50-vear gold 4s
Tor Ham & Buff 1st g 4s. h 1 946 J-D

107%

140% 141%

115

1931 J-J

5s

g5s

1933
5s. ..1933
1933
General gold 5s
1990
Kan &
1st gu g 4s
Tol P &
1st gold 4s. ...1917
1st

Begistered

128 Apr '02
141i4 Apr'02
115 Apr'97
124 ^J'ne'02
125 ia Feb '02

113%

t%s.-1939 A-O
1894-1944 F-A
St L M Bge Ter gu 2 3s. 1930 A-O
Tex & X O See So I'ac Co
Tex<fc Pac E Div 1st g6s .. 1 905 M-S
2000 J-D
1st gold 5s
2d gold inc 5s
92000 Mar
of st L 1st g
1st eon gold 5s

1st lien convert 4s

136\»140

120

J-J

...
...

1938 M-N
92%.
4s. .192
F-A
6s. .1914 J-J "lUfa.

116% TolStL&Wprlieng3

6% Apr '01

115%J'ne'02
Sale

98%

A-O

J-erA

109%

ii54

Apr'O

10234

125^ 127

126

11 7%.sale

11634 117%
117%.T'ne'01

105% 110%
106
102
126

10234
126

102«4 103

106
104 a4

129%
116% 119%
114% 1144)

114%Apr'02

Utah Central See Rio Gr Wes

Utah&Xorth

Aug'01

111
129 >a..
II414

94

128 Dec '01
123 Dec'99
95j^Nov'Ol

no

Il2ia
93*8
96*4

May'02
Aug'01

87
95

110

....

...

110

89% 95

J'ly'02

86I2
Sale
104>2 IO4I4

87
104
112
97
104

9934
9438 8316

87%
102% 105 %
84

87
104!4
3
104 4 Peb'98
96i4Mar'02
100

Dec '01

100

100%

9334

96>4

101 14 Sale

96i4

"88V89~-

943,

101%
96

94% 95

J'ne'01

100%

101 14
99%.T'ne'00
89 J'ly'02

10734
104
109 1a.
108

.

.

.

113
108

J'ne'02

110%

Apr '02

108
106

May'02

Un

Pacific

2d gold 5s
1939
Debenture series A
1939
SeriesB
1939
lien
1st
equip s fdg5s..l921
DetifeCh Ext 1st g 5s.. 1941
Des Moin Div 1st g 4s.. .139
Om Div 1st g 3'ys
1941
Tol& ChDiv 1st g 4s. ..1941
StChas Bridge 1st g 6s. 1908
Warren See Del Lac & West
Wash Cent See Xor Pac
Wash O &
See Southern
West X Y& Pa 1st g 5s. .1937
Gen gold 3-4s
1943
Income 5s
(71943
West Xo Car See South Ry
West Shore See X Y Cent
VaCentife P 1st g (is. .1911
Wheel'g& L E 1st g 5s. ..1926
Wheel Div 1st gold 5s. .1928
1

M-N 119%120 119
F-A 110% Sale 110%
103

J-J
J-J

76% Sale

M-S
109

J-J
J-J

109%

.

93%.
88%.

A-O
M-S
98
A-O 110
'

119%

6

100% 104

13

87

89%

W

109 34 113
108 103

Exten& Imp

97

109%

109

111%

May'02

95

97

86% 89

88% J'ly'02

Mar'02

Wilkes

&

East.

98
110

Mar'02
May'02

98
109

111%

119

1214i

J-J

119

120

119 34 J'ly'02

100% 102

101%J'ly'02
40 Mar'01

98% 101%

J-J

111%.
113%.

114% Jan '02

112% 11442

A-O
J-J

113

35

1949 M-S

96

Apr'02
112% Jan '02
113 Dec'01
Sale
36
94%

113

113

1151-2

112% 112%

.

49

91

97%

9242 111

88

95

See Erie

109% 110% Wii & Sioux F See St P M & M
Winona & St P See C & X
108 112
Wis Cent 50-yr 1st gen 4s. 1949 J-J
105 106

W

Feb '02

98

.

.

A-O
Nov

gold 5s.. .1930 F-A

1st consol 4s

118%121

9 110 11434
110^!
100 103
100 J'ly'02
3
76
76 4 266 6642 7834
10534 Apr '02 .... 105 10534

W

99
92

Apr '02

95
111

See

& Black B Nee X Y Cent
VerVallnd&W See Mo P
irginia Mid See South Ry
1939
Wabash 1st gold 5s

Utica

ns334 Dec '01

fcl929

A 1st g 6s. .1910

Guar stamped
1st cy gu
O <fe
West X C 1st con g

Tol&

F&W

. .

.

123

'

90% 94 34

100

W

Gal Har& S
2d gold 7s

111%
110% s

125i 8 125ia

Scioto

Car Cent 1st con g 4s. ..1949
Sber Shr & So See
K&T
Sil Sp Oca <fe li See Sav
Sod Bay & So 1st g 5s
1924 J-J
So Car & Ga See Southern
So Pac Co— Coll tr g4%3..1905
Gold 4s (Cent Pac coll). A.T949
Begistered
fcl949
X 1st gug5s... .1941
Cent Pac 1st ref gu g 4s 1949
Begistered
1949
Mort guar gold 3 %s fcl92!

1

lu.VU

L&X
Spok Falls & Xor 1st g 6s. 1939 J-J
1301a 134
114%118
Stat Isl Ry 1st gu g 4'os..l943 J-D
96 100
Sunbifc Lew See I'enn RB
100 100
Syra Bmg & X Y See D L & W
96% 98% j 'cbo it X See M K & T

I30ia J'It'O

114'oJ'lVD2

91% Sale

W

Brunsife

132

98%
125»4

KCFtS&MByre!g4s

107
May'02

107
107

114%
99
97

-I

1st gold 6s. ...1934
F<fc
let gold 5s
1934
St John's Div 1st g 4s. . 1934
Ala Mid 1st gu gold 5s. .1928

J-J
A-O

1

i

1

Wabash

Begistered
193b'
St Lotus So See Illinois Cent
1st
4s
St L S
Ul otfs.1989
g
2d g 4s mc bond ctfs...f>1989
Trust Co ells
Consol gold 4s
1932
Gray's PtTerlst gu g 5s 1947
St Paul it DiU .See Xor Pacific
StPaul M & Man I'd G8...1909
1st cousol gold 0s
1933
Begistered
1933
Reduced to gold 4423. .1933
Begistered
1933
Dakota est gold 0s
1910
Mout ext 1st gold 4s
1937
Begistered
1937
EMinu 1st div 1st g us.. 1908
Registered
1908
Xor Div 1st gold 4s.. ..194>
Minn Union IstgOs
1922
MontC 1st gu g 6a
1937
Begistered
1937
1st guar gold 5s
1937
Will & S F 1st gold 5s. .193b
8t P & Xor Pac see Xor Pac
StPifc S'xCity -S'eeOStPM&O
SFePres& Ph 1st g 5s. ..1942 M-S
S A & A P See So Pac Co
S F & X P 1st sink I g 5s. 1919

110

114

1925
.1925
1915
ifc
Equip sink fund g 5s. .1903
Deb 5s stamped
192
9
Rich & Meek 1st g -Is.
So Car & Ga 1st g 5s. ...1919
Virginia Mid set C lis. ..191 6
1921
Series D 4-5s
Series E 5s
926
193 3,
General 5s

.

F.-b '02

89 4
88%
2% Apr -02

89 4

89

J-J

J-J

i:

.

3342
'.27%
37

Jan '01
105%Xov'ol

1

GaPac Rv 1st g6s
Knox & Ohio 1 St g 6s.
Dan con g 6s
Rich

112%
114%

113

J-J *101

938 Ml193s M-S

lieu g 5s

L10

106

117%

A-O

108

19

i

St

M

123%

M-S

1915

High

Feb'02

121%.

1

Loto

J'lj '02

1905 F-A

Yad 1st ggnar la.l
1916
Col it Greenv [si (is
ET Vait Ga Div g 5s. .1930
1956
Con 1st gold 5s

>uiu

i

,

Atlifc

(is
ifi

1

,\u

J'ly'02

112
J-J 104 h
Con
121% Sale
1994 J-J
Southern— Isl con g 5s
1994 J-J "99"
Registered
.Muliit Ohio coll tr g 48. .1938 M-S
ilT
Mem Div 1st g 4%-5s...l996 J-J 'ill
9934
St Louis div 1st g 4s ... 951 J-J
1918 J-J 118
Ala Cen R 1st g 6a
Atl <t Danv 1st g4s
J-J
Lis

gold 5s

11

i

XO 1st 7s

Sabine Div 1st g

DJH4 Xov'01

Set fere Mai-q
1st g s I 6s.. 1913
St Ju<t- Gr Isl Isl g 3-4>..
St Law <t Adirou 1st g 5s. 1990

A&

Tex*

C

Cairo Se< .Mo
Lit Iron -Mount

—
—

'

i

1. it

1905-.. 193.7

SPacofXMexlstgOs-.r.U
193
S P Coast 1st gu g4s

121

101

96H2

Simee
wry

I13%J'ne'02

95% 95

1

i

Sav

'01

Apr '112

96^

96% Sale

i

St

l.

100 4; 101
111

Begistered
Jersey Cent coll
Rensselaer .V; Sar See l> & 11
Kicli it Dan See South By
Bich&Meck Set Southern
BioGr West 1st g 4s
1939
u.i col trust 4s .1949
Cons
Utah :ent 1st gu g 4s.al91
Bio Gr June 1st gu g 5s. ..1939
Bio old 4s
1940
Guaranteed
1940

2d gold

Oct

Stamped

ibo" 101

M

<t
Sl'us
-alt Lake

Xov'97

137

Pitts Ft \V & Ch 6V« i'euii Co
1922
Pitts June 1st gold 15a
Pitts it L Erie 2d g 5s...al928
Sa X YCeii
Pitts McKees
Pitts SU it L E 1st g 5s... 1940
1943
1st consul nold 5s
1917
Pitts it \\ est 1st g Is
it Co certi's
J P
Pitts V & Ash 1st con 58.1927

Keading Co gen

130"4Feb'02
101 Oct '00
125 J'ne'02
112 May'02
1131a J'ly'02

113% 114%

Pt Huron Div
g 58.1989
E I'USA 1L 1st gu g 4s. 193]
Pine Creek reg guai 03...1932
Pitts Cin & St 1. See Penu Co
Pitts Clev A Tdl 1st g 6s. .1922 A-O
1st

Range

Week?*

*i'34%.

J -J

1938
Guaranteed gold 5s
Ore & Cal 1st guar g 5s. 1921
S Ait A Pass 1st gug4s.l9l;
So»Pof Argulstg6s...cl909
C1910
1st guar g 6s
190.'
S Pot Cal 1st g6s
190£
1st g 6s series B
1st g 6s series C it D...190I
E...1912
series
Kit
1st g lis
1912
1st gold 6a
1937
1st con guar g os

130%

....

122

...1921

6192]
g 6S.1920

St
St

—

XoofCallst gu g6s...-190

(

l"n 1st g

2d gold4%s

I

Waco&X W<uvlstg6s'3U M-N
Morgan's La & T 1st 7s. 1918 A-O
1920 J-J
1st gold (is
X YTitiMex gul8tg48.1912 A-O

111 ia 111%

101

Can gen 4a.
Nash
Sei
C C & St L

112
95

Cousol g 6s int guar. ..1912 A-O
Gen gold is int guar. .1921 A-O

rri'^M'aV'02

i<.

Price

X. Y.

i

L02" XoV'ilf
U2 4 Mar'00

in

ex

BB

JVC

:,

1st gu g4%8l941
Lewis 1st g Is.
1

High

-B

Friday
Mange or
STOCK EXCHANGE
Last Sale
•?« August 8
''fii 1
WEEK EMHNH AUGUST 8
Bid
Ask Low
High
Low Migh Southern Pac Co—(Continued
-108
11 Kit WT 1st gu 5s red. 1933 M-N
111
111
Ul
H & TClstg5sintgu..l93. J-J

Sim

or

Las! Sale

1st

DKHR

1

281

BONDS

nge

eele's

Ask Low

Bid

gu g 4 4j8.-19S5
Mar
& Bge 1st gu 4sg.'36

Consol gold 4s

A13

11

Range

Friday
Ait <j u st S

\.\3il'.

ENDINU AUG1

.

CI

J 'rice

KXl'll

8

Bond Record—Concluded— Page 4

1902.]

9,

8

'

92% Sale

92

UISCEIXANEOUS BONDS—Concluded.

& Industrial

Manufacturing
Am Hidoife List

si

1919
Am Spirits Mlg 1st g6s..
g6s„1915
Am Thread 1st col tr 4s. ..1919

Bar

&

Con^<

S Car Co 1st g 6s.. .1942
50-yr g 49.1951

Begistered 4s

Gramercy Sng 1st gold
HI Steel Co del) 5s

-.1911
6s.l9'>3

1910
1913
Int Paper Co 1st con g 6s. 1918
Knickerbocker ico (Chicago)
1st goid os
1928
Nat Starch M fg Co 1 st g 6s 1920
Nat starch Co s f de.b os.,1925
Stan BopeifeTl8tg6s...l946
Income gold 5s
1946

US
•

89

90

5s

latest bid

WVag

I

95
102-%

NY

10634

98

104
66

Sale

85
67

15% Sale

LeathCosfdebg6s..l913 M-N '113% 114

No price Friday;

Adams Ex col tr g4s
15 94% 100
1948
99 % 100
91% Am Dk & Imp 5s See Cent X J
80
90 J'ly'02
S3
AniSSCoof
82
82 J'ne'02
5s
1920
B'kl'n FerryCo 1st cons g 5a 1105 Jan '00
"0434"
03'. 470
69% ChicJo&St Yard col g 58.1915
65
03 42 65 42 DetM&Mldgr incomes..] 9 1
65 4j Mar'02
"37 86
96
HobokenL&i gold 5s.. .1910
95
95
Mad Sq Garden 1st g 5s.. 1919
99 % Apr'Ol
Man Kch H & L gen g 4s. .19 10
99 Jan '99
100 100
New]) Xe Ship & \> D5sdl990
100 May'02
Dock 50-yr 1st g 4s.. 1931
107 112
107
107
St Joseph Stk Yds 1 st 4 ^s. 1930
'

"6*5% Sale

195]

DlStlll of Ami-:

Xon conv deben

Miscellaneous

99% Sale

and asked.

Aug'00
104
Apr'02
67

104
89
10 55

15

16%

Oil

% 113%

105

106

F-A
J-J

A-O
M-N
M-N
M-N
J-J
F-A
J-J

L Ter Cupples Stat'n & Prop
Co lstg 4%s 5-20 year. .1917 J-D
Yuba Wat Co con g 6s. .19
J-J
Sp Val Wat Works 1st Os 1903 M-S
U S Red &. Ret 1st s f g 6s. 1931

•

80% Sale

'62% "65"

96
102

97

105

J'ly'O-

10034 J'ne'02

103%

1074a

10034

101%

7914

83

J'ly'02

30

68

50

Feb'02

38

50

98

J'ly'02

90% 100

80
111
64

17

42

Mar'01

St

93
104
94
67
11

M-S

M-N

1

634

3 112
1

110%
95

74
19

116%

S

aDueJan bDueFeb cDue Mar dDueApr

g

Feb '97
113% J'ly'00
101

105

8642

874:

17

85

S9 34

Due J'ne ftDue J'ly fcDuo Aug pDue Nov gDaeDeo sOptionsale

%

'1

1

.

BOSTON STOCK EXOHANGE-Stock
Monday

*91% 91%
102

102

91
92%
102 % 1021s

1

261%261%

261%261 34 261%261 1

i

*164
*238
*199

....

238
200

199

*299

298

*199

200

....

160

160

128%

1.28%

199

200

200

'199

143% 143% 143 'a 144

'

">

200

199

:

Last Sale 200

Aug'02

161

J'ly'02

Lasts a

145

I

Do

14

1

<

100
Con& Mont Class 4.. 100
Conn & Pass Riv pref 100
Connecticut River. ..loo
Kitehburg pref
100
Maine Central
100
Cos
Mass Electric
100
Do pref
loo
Mexican Central
100
Y N & Hart.. ..100
Northern N H
100

J'ly'02
S t Sale 28S
1-145
144% 144%

*176
?6
'176
*176 ....
40 14
40*4
»40% 41
40% 40% 40
40 % 41
40% 41
97%
98
98
97%
*97%
98
98
98
98
98
98
*29% 30% *29% 30% '29%
*30
30% *29% 30% 30% 30%
l
234% 234% *233
235 235 4 234 234
*236 237
236 236
1

40 14
98

30%

*210
*78
"87
*75
*82
*108

....

*

80
90

*

•77
83
*108

....

83

107% 1073,

* 91 7
8 921,
*175 177

*95
•114

SO
89
78
84

*78

'78

80
89

'

*82
105

84

Last sale
Last Sale
Last Sale

80
89
79
84
108

*75*
-82

108

211

...

95% *95

177
96

114% *114

....

"82

84

•108

....

81
•9W%
?£>%

83
108

175

175

95% 95%
114

'

*175
96
*114

177
96

51

51

175

175
96

29% 30%
89% 90
8
8%

90

90

-7%

8

28% 29
13138 132

30
132

30
132

119i-2 11

9% 119%119
164% 164% 164 164%
*13% 14% *13
14
78

77% 77%

78

•4

4*2

•125

126

61%

64 \

7%

7 58

184% 185
•184 186
'2%.

4%

7*8

132
119% 119 J4
16334 164 4
*13
14
'

*125
65

4

4%

126

186

2%

2 l4

*107%

*
89
89
89
89
*4 34
4 34
4 34
4% 4%
*141 142% *141 142 % 142 142
*35
35
35
35
35
40
*
247 *242 249
*9
<l
9
9
9%
9
163 163
164 168
165 166
*26% 27
*26% 27
*26% 27

*28%*....
*2
2%

114
54

113
54
31 %
13

31%

*28%

is

•2

2%

-2

113

113%

113
54

2%

90

4^ Las'

L 11 it Sale

66% 68%
*7% 734
290

142
40

•35

"4%
*35

90

9%
164

Last

2%

-2

2

40
90

40%
90

113
54

104 108
*105

109

22% :/,

66 %

3
67
3

'2

14

14

14

•2%
66% 673b
::

'2

3

29

30

*104
105

102
108
109

*-50

•80

*-50

28

26

26

25
34

33% 33%
•65

•65

334

•

7% "Vf"

*7%

4%

4%

-80

*-65

•80

25%
•70

334
8

334
8

540

545

540

544

535

••10

-15

*-10

•15

*-io

5

.,

*-50

•80

26

27

33%
*-05

•70
334

"Vf"
535

•15

19

*10

8

J

45

*1%
*2%

2

3%
23,
1 34

3

*18i 4 19%
57
58
*27
29
•4% 5

130

-2%
*2

*%
•12
179

130

12
45

*2%

2%
*1%
*2%
18
57
28

1

13

"234
2

*%

3%
234
134
3

28

45

*2%

3%

2%

234

*1%
-2%
18
57
27

134

3

18
67
28

4%

5
L30

130

3

3

2

2%
*%

1

12io

12
175

179

44

18

130

3

2%

-11% 12

12
45

5734

*4%

10s

in.,

*25

26

20% 20%

•163.J

21
*6

4%
56

*1%

17
21

6%
434

% 36

20% 20%
16% 17
20% 20%
*6
6%
*4% 43.1
"57% 58

56
I3

100
12

12

34

)

*1 38

pref
Steel Corp
Do pref

89%

13

4

50
1,546
547

i

5

130

*12

44%
*2%

535
*7

•90

53% 54

13.

234

57

57

*26

28

*4 l4

130

1

*%

175 14

175

:ti

100

12

12

*S4% 3434
20

20

16%

101.1

20% 21
6

6

4 58
4%
57
57

13s

6 Before pay't of assess'ts called

1 34

18%

3

*2
11

176

*12
35

12

*34%
20^4 203g
20%
L6% 16^
16%

4%

4%

21

234

19
57

53%

Paly-

Kangi

1

Son

20
100

esl

\\

Dominion Coal
Do pref

142

ColOO

1

sle

'

Jan

1

194

lonsol

Alar

103
15

Deo
Jan
Jan

146

Apr

Leo

Xov
Mar

1

9

-May

Jan

:;::

Maj

2

Jan31

29
2

I

Dec

VI >re

Mar

6

Apt 23

Mar
Jan

8 34

1

2(1

May

3
8

J'ly21

8
J'ly 26

19 34
04

Marl 7
18% Mar
:!

1

Apr

119

.Ian

Mar

1% Jan 16
10%
2%
25
11%

Sep

33

66% Aug
'H-I'ne

5%J'ne

Apr
Apr
Mat

53, Alar

Sep

43

43% Aug
17a Mar

7% Jan

23% Jan

Mar
22% Apr
34% May
Feb

8

Aug

13

L'i
1 '.,

Dec
X

13% Jan

28
32
23 ins

\

Apr

4

la-

55% Dec

N

41

M

5

1

Deo

860

Dec
10% Dec

8

I

001

12

11
i'iy

l;

1

5%Maj

1

.Mario

28

Jan

1

J'ne

55',

120
7
2
25
11%
...
Hue
8 34
.la
1

'

Jan
Feb
May

."
1

Feb

l%Fcb

3'

50c.

s

',

91
NTov

18
53

Jan

Jan

May
Aug

89% Dec

L29

i'iy

153.j

Jan

54

9

1

'

May
1

Noi
Feb
Dee

ly

^*" v

Sep

lan
\pr

Feu

.

5

I

2

Alar

Jan

MMoJan
61% Oct

Apr 24

Jau

Oct

Jan

9

Alar

15 ' Jan

2

114% J'ne23

12

9% Feb
27n
288

nil',, |l, r

1

Mar

.Ian 211

1,978

25

Oct

Aug
Mar

5

74

1

1

Royale (Copper). 25

Mass

17'.,

35

Aug 7
Apr 30 650
April •12

7

43

'•,

110
39

\pr2s
Mar 3

17

Jan

11

Lo;;7>

4

30

i

:

lt.,„

•10

100

u

25

1

Alar

Mar
Oct

66%May

18%De

37%

at
Ja-

ii

Dec
Dec

S »'P

.;

3

I

J'ly'02 National

2%

L9

27

26%
•4%

5

8

58
27

130

130

3

3

;;

2 34

2%

2

LI'

180
12

21%

2%

io

Phoenix Consol

25
25

Quincy
I

2%

I'rcllinseh

4%

1

iiMuiintain

I',
1

'i

45

5

Apr

9 117

13.,

50 Jau 27
Li 50 10% Aug 5
220 169% May28
.Ian 6
15 50

4
50
18

,

!,

i

1,860

25
26
25

360
055

<<1

.Ian II

26]

•12

Jan 14 60

75

.Ian 21

J'ly'02

\\ 'liionat

Wolverine

Wyandot

tZBeforepay't of assess'ts called during 1902.

J'ly 28

2 70

13% Jan

i

4%

en

20%

Di

72

Dec

3%

I

1

t

22

<»

15% J'ly

19
J'ly 14

4%6

.1

*Bld and asked prices.

nelO

1[

J'ly 18
Apr 21
J'ly 24

27', Feb
<ni',

1

MarlO

I'ne23
J'ly 26
is* J'ly 80

New stock.

1

125
3

B

5 B9
;;s',
1-jn

58

1

1

Aug
Oct
Alar

Sep

Apr

8 34 s ep
Dee 187 Apr
Dn 10 Feb

10% Apr
•50

30

J'ne

2% Jan

Dec 363
1

n;->,

58

1

Jan

3

3%J'nel8 62% l"
.Ian 2 12.5
Feb 26 bl9%Jan
Mar 3 10 Dec
11% Feb 19

100
luted Copper
s M tning v tr OtfS. 25
Unit States CoaLfeOil 25
Utah Con (Gold) tr rc4-85
25
Victoriat

21%
6%

1

Mar 3
Feb 1
Marl7
May22

1%
450

Jan 31 50c.

MarlO
Fen
Feb
Feb
M
Feb

\in 30

:
l

3%

Trinity
I

>a

l

12

19 34

16%
21%

I

25
25
25

2% J'ly 18
17% Apr 28
57 Aug
2

10

Kliode Island
',

J'ly'02
•',
1

60
420
930
"

Parrotl (Silv<fe Copp) 10

3434

*6

4B

25

up) 10
Santa Fe(Gold<S
50
Apr '02 Santa Vsabel (Gold). 6
ll- b Shannon
10
11%
175
182
ramarack

1

20';

Mil

1

Jan 25

1

' "

Colony
25
Dominion (Cop).. 25

Osceola

5

140

Mil

1

19'-

*57

57% 58
uo
58
58
58
*1% 1 34 Last Sal l\

during 1901.

loppei

J'ly

83

Sep 137

1

6

4%

lontinental Z

1

May
21% Jan

1

35

20 4 2068
*6
6*4

1

J'ly

182

30% Feb 48%

1 4

.May 9

2

25

Jan

33

152% J'ne

Aug
AUy
Mar

Nov

2
73

:,

.Ian 23

40

1,220
1,330

Aug

34% J'ne
91 J'ne
11 Mar

Lee lln
25% Dec 29
27 Jan 29

Marin

20

200

5'4<)ct

:,

'•.

20% Jan
150

nl

1

1

Apr 15
33% Apr 1
106%
115% Apr 9
117 Apr

J'ly 14

3

J'ne

48
155

%.!'Oct
Olar
'ne
1
Jan 28
Jan
Jan 6
4 Aug
4 Jan
Full
20 Sep
360 ,/9 Jan 10 ,/l.ii, .Marin
12
25
Jan 14 47% Aug S 622 Jan 56% Sep
47% Mohawli
47
25 2,697
1
7 Jan
Mar 7
3 J'ly 25
J'ly'02 Montana 11
2S8
1', Dec
MarlO
5% Dec
2% Montreal*: Boston.. 5 5,450 1%

LastSale 95

12%

i

25
Ti
rects.. 10
•nr Gold.
'

J'ly'02 Mavlloui r
Jaii '02
ced (Gold)
12
m iiingant

3

3

•94"" 100

24

Aug'02 Guanajuato C01

15
17

2%

LastSale

1

11
175

3%

Last Sale Z%

27
*4%

214

11
,

13

234

99 May
Nov 173% Aug
Jan 99 Apr
Jan 118% Apr
Feb 24% Apr

Jan 225

19S

M'r 8

50
22

Nov

J'ne

Jan

'••

% Mar27

""360

173

231

Jan
1-12

2

9

555

Hi
2

J'ly'02 Elm River
11
Franklin

,

35
15

'.,

*135

135

S3

17% 17%
Last Sale
Last Sale

57

5

*2

10% 11%

123.J

3% Last
2%
2%

234

53%
142

11

3%

1

115

Las

ii

1

58*4
«

!en1
locnil

2

.MarlO

2% Jan 14
61% Mar25

Hecla.... 2

1

8

*2

>

11

19

Jan

18

400
450

2

-ilver)

-90

>

"2%; 2%e
Last Sale

15

-1%

4)747

25

&

Calumet

1

1

655

29% May
217% J'ne

loo

J'nel9

1% Jan 27

-

7%

*12

*17% 18%

2
2

,11

13

2%

Jan

46

•72% Mar]
26% Mar!
418 91
-,,
6
Jan
20 89

50

Arcadian

5

s

7u

•

uaconda

!

85% .Ian

1

J'ly 18

177
ALu 17 27
Jan 23 29
1% Fell 25

443

1

w

45

3

2%

26

J-I.V2

Jau 23

May 1
190 29 .Ian
33 % Apr28
10 11% Jan 25
Apr
75 >,r, Jan 22
Apr 2
13%
49 Jan 2 62% Maf25
Jan
36% .I'nel'.i

West End Land
25
)% Wesl Teh p
u-.ioo
Iii,
102
pref
100
105 Westing El & Mfg.. 50

Apr

1

6
2,581 100

1

Last Sale 50
J'ly'02 Ai nuld
25
27
27
"26%
27% Atlantic
25
33%
34
Bingha
-11
*-60
*-60
10
..
Last
5
Apr '02 Host,
(QuicksQ^ er) 10
*6%
7% British Colum (Ltd).

144

J'ly 25
82
J'ly 14 172
Marl 8 92%

94 Jan 2 99
2^. Tan 2 117 J'nel6 110
19% Jan 28 34% J'ly 29 17

30
30 216

J'ne

200 3 s Nov
165 Dec
286 May
148 Apr
173 Nov
45 J'ly
96 .T'ue

212% Apr
95 Nov
89 Not
120 Dec
42 An
61 Dec
98 J'ne 108 Dec
Jan
78%
132% May

11

125

100
100
100
100
100
100

US

,'.

Last Sale 10
18%
18 % 18%
18 34

11

175

175

4%

3

•96 200
*12
12%
»34 34 35 %

J'ly'02

•15

1

2%

U S Leather
Do pref
U S Rubber

_

Do

535

535

t

*2%

86

40

101%

.

12

86%

56

r,

43

12

90

2 110

Ma I'll 94
Jan 15 178

86 V

11

loo

Reece Button-Hole.. 10
Swift & Co
100
26% J'ly '02 Torrington Class A.. 25
J'ly'02
Do pref
25
2%
2% Union Cop L'd & Mg. 25
112% 113 United Fruit
100
53%
54 United Shoe Mach... 25
31%
31%
Do pref
9

160

I

*17% 19
1!)
19
8% •"90" 8% v
8
90" •90
•75
•90
•90
-90
•95
2% 8 2%e 2%6 2%e 2%a 2%a
2%e 2% 6
57
57
57% 583e 5734 58% 57% 58
53 4 53%
*52%
54
54
53% 54
137 137
138
139%
137%
138
137%137%
'115 ....
115 115
115
115
-3% 3?,
*3% 3 7
'3%
"3% 37,
78
Hi.
•10% 11
*10% 11
11
11
if
*3%
3°8
*3%
3% 3%
3% 3%
3H
12% 12% 12
U 58 1 v 12% 12 14
12
3
17%
17% 17 4 17% 17% 17% 17 «8 17
*2
-2% 2%
2% *2
2% *2
2%

17%

Pullman Co

244

9

144

.i

26

Mayl3
Marll
98%I"eb28 110%J'lyl8

2 172

Plant Comp new rectsioo

106 106
106% 106%
Do pref
Last Sale 2%
Jan '02 Wollaston Land

4 78

Jan 3

!

J

28

•

I

29% 29%
1ol% 102
101% 102

'.i

Mar31
Apr 28

254
175

Jan

58

105% J 'ne

35

Mining

26

J 'ne 6

31

1,

89»8 91)1;
89%
Last Sale 90
J

*25

9\)

1

29

"25

178% J'ly 10
45%Apr21

1

40% 40%

in.,

Feb 6
Marll

295
148

1

1

22% 22% 22% 22% 22%
221 Adventure Con
22% 23
25
Lasts
*2% 3
*2% 3
Aug'02
2%
25
aez
3
67
67
66
67
67
67
67%
4
68
Amalgamated CopperlOO
14
*2%
*2% 3
2%
llg
2%
2% \ lllrv rold Dn
5
*
14
14 Am Ziue Lead A
14% '13% 14
m. 2
"*26%"

*-50

-70

-90

1

•-

l ' 1

i

;:

14

*25% 26% *25% 26%
*434
5%
5

33% 33%

90%

40% 40 if
89% 90

J'ly

79%Mayl9 91 J'lv30
74 May 16 125%Apr23

20
1,79s

Jan
Jan
276 Jan
139 Jan
166 Jan
24 Jan
77% Jan
13% Jan
201 Feb
163 Jan
223 Jan
205 Jan
30 Jan
70 Jan
87 Jan

in,
50 :;9'v.TaIl2.S 51 Aug 6 40% Dec
pref
100
Feb 11 152%Mayl2 150 Aug
Wore Nash & Roch.,100
Miscellaneous
28
Anu-r Agricnl Chem.lOO 4,782 21 Jan 16 32% J'ly 29 20 Oct
89%
716 81% Jan 2 9
Do pref
J'ly 29
79% Dec
100
."in
7%
erv
O'l May22
3 34 Jan
4 Jan 21
'e AunT
3
28
Do pref
J'nelO
50
21
37 4 May22 28 Aug
132%
AlUi'l
rin
103 Dei
100 4.73 116% Jan 6 135%
119 34 1 1 934
190 115 Jan 4 120 Apr 4 112 Dee
Do pi-el
100
163% 164 Amir Til, & releg.100 3,549 155 Mar 1
Apr 4 151 Jan
14
14 Anier Woolen
15 13 Apr 23 17% Jan 7 14 Oct
100
77
77
382 73 Apr 24 8034 Jan 2 70% Mar
Do pref
100
4
J'ne'02
Feb
hi Land
10
334 May 5
4
4% May 6
125
Aug'02 Cumber]
el ion
122% Apr 4 13034 Apr30 129% Nov
08" Dominion Iron & St
66%
L5.677 25 Jan 1 5 75 Apr 14 20 Oct
150
Nun
7
73i East Boston Land
7%
9% Mar27
8'
*280
Edison Elec Ilium. ..100
Jan 2 285 May 9 217 Jan
185
187 1 83 J'ly 26 33234 Apr 9 184% Jan
185% General Eled ric
'185
1
Mergenthaler Lin,;
170 Jan 2 188% Mar31 153 Feb
-2%
338 Apr 7
300
l%Dec
Mexican Telephone.. In
2 Jan 6
Z06% Mar'02 Minn Gen Elec pn
103 Feb 7 106% Marl9 101%AllL
89% N E Cotton Yam yn
89 Jan 15 93% J'nel6 88 Dec
4%Nov
23.] J'nelO
7-% Mar20
oSeNEGas&CTrrects.lOO
142
129 135 Jan 2 151 Apr 30 127% Jan
2
X E Telephone
100

Last Sale 16
40
-90

29%

»29

23

*-65

'4

85 34

40
90

Mar26 143% Jan 162
Mar26 126 Jan 135

2 202 Jan 27 198
J'ne23 166%FeblO 160

238 Apr 3
208% J'nel8 217 Apr 4
68 May20 83% Jan 4

50

42 34 Jan

J*ly'02

40

8534

2234

•2%

89*4
5

53
3134

-90

30
102
108
109

*2%

2%

Last Sale

-28%

Feb 20 172
% Aug 5 136

s

Jan 24
5 172
Jan
-21 33% Jan 28
58 92 Jan 13
100 26 Jau 15
88 210 Jan 31
17ii
Jan 14
22 230 Jan 9

Vermont & Mass. ...100
95% West End St
50

244

'9

152
12

7

J'lv 20

.

40

159

165
*26% 27
*2

100
100

pref

:;i

43

104
266

'

142%

*

9%

*9
163

74]

Last Sale
*

5

142

69 7f

185

2%

89m

4%

-7%

280
185
"185

*185 ....
*2%....
*110%....
*

68^

112% 11;;
112% 113
-53% 54
*53% 54
53%
3
31% 31%
31%
31%
31 4 *31% 31%

-90

•104
•105

>-.

77% 77%

56

*29
102

sJ 4

c

126

*280

Do

92
175

13i,i

39% 40
*

29
88 34

133
120 120
3
163 4 163 7
*13% 14

11934

*4
'125

65%

186

*2%
*107%

119 34

163% 164
*13% 14
77% 77% 77% 77%

7% 7 34 •7% 734
280 280
184 185
185 185
185

28%

29

88% 88% 88
8»4
7% 7%
28% 2834
132% 133% 133

9

28% 28%

j'ly'OS
Do pref
J'ly'OJ Rutland pref
83
Seattle Electric
108
Do pref
108% Union Pacific

94% Aug

Highest

90% J'ne
80 May 1071 May
May 9 251 Jan 265 Apr
173%Marl4 159% Jau 190 J'ly
248 Apr 8 238 J'ly 248 Apr
209 Apr 28 189 Dec 2 no Apr
183 Apr 20 1 68 Feb 176 Apr
297%J'ne20 307 Mar26 297 May 307 Apr

160
285
163 142

96
95%
114% 114% 114
Do pref
50
Last Sale 34% J'ly'OS Wisconsin Central... loo

....

29

90

89

*4
126 *125
6538
65

*4

185

*107%.

29% 29%
132

3.,

100
100
100
100
100
100

*

Last Sale 160

29% 30

pref 100

211

107% 107% 107 34 108% 108%1083s 108%
107%107-e
7
*91»4
92
92
92
91% 91% 92
-91-n 91 t

175

& Wor

Norwich
'211

211

'211

Lotvest

19934 J'ly

H

Old Colony
J'ly'02 Pere Marquette

233

233

*210

pref

N

Last Sale i7I% May'05

Highest

74 3g Jan 27
807 96%Marl2
208 259%J'nel4
108 161%Eeb21
2 236 J'nel3
52 191 Jan 2
172 Jan 13

2,328

199% 199% 199% 199% 1!99% 199%
J'ly'02
Last Sale 1?
J'ly'02 Boston & ProvidencelOU
*300
Last Sale 300
160
160 ChicJuncRy<feU8 L0(
160 160 *

*144
176% 170% '176
i

262%
161%

Lowest

Shares

Kailroatls
Atch Top <t Santa FelOO
Do pref
100
Boston & Albany
100
Boston Elevated
100
Boston & Lowell
100
Boston & Maine
100
100
Do prof

93%

Range lor Previous
Year (1901)

1

Week

EXCHANGE

1033s

'

Range Since January
1902

the

01

1

Weekly and Yearly

Sales

BOSTON STOCK

Friday
Aug. 8

92% 93% 93 34 94% 933e
102 8 102% *102%102% 103
262
26134 261 34 *261%262
«161 162
1 jl%
-161 162
'238
....
"238 ....
*2E38

La

288

*

199 \

'300

.160

.160

162

161
238
199

164

164
238

165

200

91 34 92
02 14 102*4

STOCKS

Thursday
Aug. 7

Wednesday
Aug. 6

Tuesday
Aug. 5

Aug. 4

1

Record, Daily,

Share Prices—Not Per Centum Prices
Saturday
Aug. 2

.

9% Jan
18% Dec
3%.Max

l%Dec

44

Dec

1

May

63

Sep
Feb
Sep

58
41

J'ne

24

Apr

12
10
73

Sep

Mar

Feb
Sep

2% Feb

fAssessm't paid.

J

i

ArmsT

Boston Bond Record

9, 1902.]

BONDS

1'rida

I 1

4s

Ask Low

a

90%

104

J-J
J-J
J-J
J-J

i.2'6"

'.'.'.'.'.

105 % J'ly '02

89

102%

loo

J'ly'02
J'ne'01

138

Sep

89
102>a

Sale

100

109%

105%

loot.

99Si

82 \

99% 100

30 S.
130
109 110
109 110
1

W

MS

FremtElkA- Mo V 1st 6s.. 1933 A-O
1933 A-O
Unstamped 1st 6s
Gt Nor C 15 A Q coll tr 4s 1921 J-J

89

90 io

85

102%
Apr '01

102% 104%
104

100 »a J'ly '02

ioo

108%Apr'02
100% Mar'02

100

104%
107% 107%
101%
HIS'.

.

lllsl.,

100%

101%J*ne'02

101% 102%

109%Aug'02

IDS
100

110

130% J'ly '02
130% J'ly'02

101%
129%
128% 131%

110

J'ly '02

J'ly '02

109

110

109% J'ly '02
109% Mar'02

L09

lllll.!

115

Apr'02

105

100% 107

J'ly'o-.

11 4
Hit;

100
110

Sale

HUM, L09%

100

100

138
138

L37

95%

15

101

L09% 111
109% 111
L00% 100%
10% 1 1 %

J'ne'02
J'ly '02

95%
95%
94% J'ly '02

Sale

1921 Q-J

1

107%

99%

110% J'ly *02
109% l09%J1y'02
100% Mar'02
lll%May'02

137

'.i

5

l

1

1

L38
L38
94

L39
138

96%

94

&

Out

Philadelphia and Baltimore Stock

Monday

Tuesday

Aug. i

ij.

Au

70

70

125%
*27% 27 «6
*47%
"10

'27% 2 7
-17% 48
16

10 '4

!
i

10

Wednesday

A ag.

5

*09% 70%
125%
*27% 27^
47% 47"j
-15% 10%

6'

fYlday

Aug. 7

Aug. 8

70

70

70

28
43

28%

-15%

4Si s
10 4

*70

70
125

125

28% 29%
48% 49%
10

10

A-O

20%

20% 26%
20% 20%

2i>i.,

20'

70
75

3

75

*%

75

70
75

26 7«

26%
26% 26 's
26% 26% 25% 26%
70
70% 70% 76%
-74 4 75% '74% 75'
34% 84% 34% 34%
'-

:

34% 34%

34% 34%

\*4
1

1

79%

7.

79%

iS

49%

k

%
1%

»1%
79 % 79

;'

4

"4

Friday

'4

79% 79%

79%

808, e

*]

49%
5% 5"ie 5l% 8
13% 13%
13% 13%
12% 13%
33
33%3Sl%e 33'%,j 34
33% 33% 33% 33% 8 33'%,;
43% e 43% 8 43% -43% 43% 43% 8 «%e
43% 43'.
30\ 30'"4
*3<j% 6 36l% 6
36% 36 5p 3b'iij
40% 47% 47% 47% 47% 47% 47% 47 %
40% 47
10-!'%
10S%
10S->4 10S%
109 109
108% 108%
4-

5

49

49

5% ./'in
13% 13%

'•!

13% 13%

i;"4
5'V.

4 .>'.,

49 4

49

49

>i

3

-34

PHILADELPHIA

Bid

Inactive Stocks
10
American Cement

Amer

Iron

&

50

Steel

American Railways. ..50
Bell Telephone

50
50
10
50
Preferred
50
Danville Bessemer. ..1%

Cambria Iron
Camden <fe Trenton
Consul Trac Pitts

Diamond State

-33

Preferred

HestonvMan&

Fair. .50
Preferred
50
Indianapols St
100
Inter Sm P & Dynam. 50
Lit Brothers
10
Little Schuylkill
50
Minehill & Schuyl H..50
Nesi|uehouing
50
Haven Iron & Steele
North Pennsylvania. .50
Pennsylvania Salt
50
Pennsylvania Steel. .100
.

N

s

General

Susqueli Iron

<fc

steel

10

PHILADELPHIA

J

76

70

75

76

84

"a

-3%

100

5

4734
74

48%

1st 5s g '19. M-N
Balls Ter 1st 5s 1920. J-D

Ask

122
25

123%

25%
114%
95
109
126

D Can 1st 5s

'

1

J -J

117%
Choc&MelstSs 1949 J-J
% Ch Ok & G gen 5s '19 J -J 110% 11034
Cit St. Ry (Ind) eon 5s
Col St By 1st con 5s 1932
Con Trac of NT J 1st 5s. '33 109 34
D*l&BBklst7s'05 F-A

%

':;:;

8%

E & A 1st M 5s 1920 M-N

89

& Peo Tr stk tr ctfs
<fc Wil 1st 6s '10. J-J
Income 5s
2802 .A-O

Elec

115

99%

117
9934

Elm
Eq

48%
74

76

II

Gas-L 1st g 5s 1928

H & B Top con 5s '25 A-O
Indianapolis

9

10%
61
65

51%
5%
109%

10

By

4s. 1933
'14. Q-J

Lehigh Nav 4%s
EBs 4s g
1914. Q-F

Gen M 4%s g. 1924 .Q-F
65% Leh V C 1st 5s g '33. .J-J

5%

Leh V ext 4s 1st 1948. J-D
M-S
2d 7s 1910

J-D
Consoles 1923
J-D
Annuity 6s
Leh V Trac 1st 4s '29. J-D
96% Nat Asphalt 5s 1951. J-J
New Con Gas 5s 1948 J-D

116

Newark Pass con 5s 1930
NY Ph & No 1st 4s '39 J-J

107%
Ill
88

&
M
&

M
M

ConM
W&

M

M

.

BALTIMORE

Inactive Stocks
Atlanta & Charlotte. 100
111%
Canton Co
100
10,
Georgia Sou& Fla...l00
110%
1st pref
100
109%
2d pref
100
119
G-B-S Brewing
100
126 i'27
Mt Vernon Cot Duck
124%
Unit Elec L & P pref. 50
140
87
Bonds
10
9
Anacostia& Potos
Atl& Chlst7.. .1907 J-J
105%
Atl Coast L(Ct )etf s 5s J-D
Bait CPass 1st 5s '11 M-N
102% 104
Bait Fundg 5s. 1910 M-N
90
116
Exchange 3%s 1930 J-J
87 34

.

13
Income 4s 1939. ..M-N
13%
99% 99% No Penn 1st 4s '30. .M-N
J-J 101%
Gen M 7s 1903
2^4
2% Penn gen 6s r 19lO..Var 120 121
6
Consol 6s c 1905... Var 107 10S
0%

Bid and asked prices; no sales on this day.

Phil Elec gold trust ctfs.
Trust, cert if s 4s
P E gen 5 g '20. A-O
Gen
4s g 1920..A&O
Ph Head 2d 5s '33. A-O
Con
7s 1911
J-D
Con
6s g 1911.... J-D
Ex Imp 4s g '47. A-O
of '82 4s '37.J-J
Terminal 5s g 1941 Q-F
P
B col tr 4s '21.J-J
Bead Co gen 4s 1997. J-J
Rochester Ry con 5s 1930
S R E Side 1st 5s g '35 J-D
U Trac Pit gen 5s '97 J-J
Welsbacn s f 5s 1930. J-D

123%
llia4

102%

Funding 3 %s 19E2..J-J
Bait & P 1st, 6s
1 '11 A-O
1st Os tunnel. .1911 J-J
Bait Trac 1st 5s.. '29 M-N
No Bait Div5s 1942 J-D
Convertible 5s. '00 M-N
Central Ry 6s... 1912 J-J
Consol 5s. ...1932 M-N

m

Ext& Imp

105% ChasCityRy

5s. 1932 M-S
1st 5s '23 J-J

07%
104
105
104

Hi:;

107% 107%
107% 109%

105%J'ly'02
112 May'OI

105% 107

1H2', .Mar'02

102% 102%
125 128%
100% 107
100 101%
102 103%

1

J'ly'02
J'ne'02
J'ne'02

5

107

100
106

Mar'02
100

in-'',

J'ly'01

102

105

I'-

107

lO3%Apr'02

i.O3=«i03%

109

104% 109%

'.i

J'ly'02

102%
loo%

N..v'ol
J'ne'02

100% 100%

ins

,riy'02

107

108

105% Dec '00
L03%J'ne'02
105% 105 34
87%J'ly'01
119% Mar'02

and asked

103% 103%
103% 100%

ll;;

119% 119%

week.

this

Weekly, Yearly
1

Range

lor J'reuious

Year (1901)

Jan 65% J'ly
88% Jan 100% Dec
58

30%J'ne

!'%.lan

24% J an

1% Sep

5

Dec

18% Mar

%Dec
% Apr

2% Jan

Feb

so 4 J'ly

14

Apr 28

1

Highest

Lowest

%Mar

15% Mar 31%J'ne
20% Dee 38% Apr
40

02% Jan
28% J an

79% Apr
39% May

Dec
% Dec
1 Jan

7% Jan
8% Feb

3 58

7
9

10

Feb

an 14 80% J'ly 25 69 May 81 Apr
Jan 3 505; Apr 30 40% Jan 54% May
3% Jan 27 5% Apr 10 4% Dec 8% Feb

73

;!

i

J

40

8% I'ue20 13% Aug 2
20%Marll 34%, J'ly 18
40 Mar
43 J'ly 17

12% J an

'4
34% Jan
Jan 14 37 Apr 22 19 Jan
Jan 6 47% Aug 5 24%J'ne
101%May28 120 Feb 8 113 Sep
24 Jan 31 40% May29 38 Dec

Bid

:

30
32

Ask

BALTIMORE

112% Cnas Ry G & El 5s '99 M-S
101 101% CharlC<fcAext5s.'09 J-J
67
2d 7s
1910 A-O
121 123
City & Sub 1st 5s. .'22 J-D
108 34 109% city<fc Sub(Was)lst 5s'48
131
Col&Grnv 1st 68.1910 J-J
125% 120
Consol Gas 6s. ..1910 J-D
118% 119
1939 J-D
5s
109%
Ga&Alalstpf5s.'45 A-O

P Co lst& col tr 5s'49 M-S 112

90
108
125
51
117

Bethle Steel 6s 1998. Q-K

PHILADELPHIA

104
104

103
103
52
104
105

107% J'ly '02

% Jan 29 1%6 Feb
%Aug 8 2% J'ly

:

Bid

130%

84%
30% 35%
20% 24%

105 Feb '02
103 Apr'02
107 4 May'02

Mayl7 27% J'ly 28
21%Mar20 3(5 Apr 29
66% Jan 3 80% Apr 29
71 Apr 15 78% Jan 2
33% May 17 38% Jan 2
2% Feb 3 4% Jan 2

'

,

3

3% 115%
105%

81

12

21%J'ne'02
99 Oct '01
104 Mar'02
103
103
05 %
7 %
104 Apr'02

23

MarsdenCo

11234

Che &

%Feb

95
111

105
128

82%

62% Jan 28 72%Aprls

70

11

J'ne'02

Highest

Lowest.

i

Tidewater Steel
10
United N 3 KR&C..100 282
Consol 5s r 1919. ..Var 122
Unit Pow <fe Trans
2
45
Penn & Md Steel con Os.
United True Pitts
50
Pa& N Y Can 7s '06. J-D 111
Preferred
50
A-O 115
Con 5s 1939
Warwick Irou<fe Steel. 10
6»4
A-O 102
Con 4s 1939
6%
West Jersey & SeaSh.50 68% 69
Penn Steel 1st 5s "17 M-N
Westmoreland Coal... 50
76
People's Tr tr certs 4s '43 105
*

3's4

75
49

6s'21 J-J

33

1903

in
50
prel
50
Cambria Steel
50 12,042
Consol Dake Superior. .loo 3,020
Do pre)
100 1,02 7
Lehigh Coal
50
Nav
160
Lolligh Valley
50 1,158

48% AtlCity

Berg&EBrwlst

81%

Sale

Daily,

the

&

34%

84
92
108

J'ly'02
J'ly'02

liange Since January

Sa les

100
National Asphalt
50
40
Do pret
50
133
%
%
50 0,802
80
80% Pennsylvania rr
1''
Philadelp'a Co (Pittsb) 5o 2,737
49
",.; 5",, Philadelphia Electric 25 0,084
Phila Rapid Transit ... 50 28,230
L3
Reading
50 21,480
i:;
Do 1st pret
5S2
50
Do 2d pre!
50 3,741
36 34
47
50 12,958
17% Union Tracton
714
108% 109 United Gas Impt
50
*35
30 Welsbacn Co
100

Bonds

114
42
P .referred
ioo
96
Philad'lphia Co (Pitts). 50
49
Preferred
50
50
Phil German & Norris.50
Phila Rapid Transit. .50
Phila Traction
50

35

7% Al Val E ext 7s 1910 A-O
5% Asphalt Co 5s 1949 tr ctfa

7

1%
3%

Steel...

Easton Con Electric... 50
Electric of America... 50
Elec Storage Batt
loo
Preferred
100
Germantowu Pass
50
Harrison Bros pret... 100

Railwa)

Ask

-34

35

82%

latest bid

;

Do

*4
a
4

L05
128

99%
97%

98

"6

'

105%May'Ol
117% Feb '00

American Alkali

26% 26%
"% 25%

114%
123% 120

118

(For Bonds and Inactive Week
Stocks see below)
Shares

-%

%
1%

98% J'ly '02
93% 93%
93%

10 104 Jan 7 125 %.j'ly 29
125
126 Northern Central
. 50
'29% 30% Seaboard Air Line
100 17,214 23% Jan 24 30% Aug 8
Do pref
100 4,905 44 Apr 2 50% Aug 8
49% 50%
United Ry c& Electric. 50
10
10
580 14% J an 27 17 Marl5

%

20% 26%
25% 26
70
70%
74% 75
34% 34%

100

114

'ii2

126

J-J

J-J

Philadelphia

'%

*%

105

J'ly

A-O
A-O
(3s. 1925 A-O

No price

Baltimore
70% Consolidated Gas

J'ly'02

110% J'ne'02
113% 113% io

ACTIVE STOCKS

Thursday

114
126

Sale

110
113
105

ol

Saturday
Aug. 2

102

92»4 May'02

Exchanges— Stock Record,

Share Prices — Not Per Centum Prices

107% 100

113
126
98
92

1939 J'ly
32 % 33 'j
1939 J'ly
22% 23%
1929 J-J
1929 J-J 104%
1929 F-A 103.
New Eng Gas ifc C 1st 5s. .1937 J-D 07% Sale
1900 A-O 104
Toleph
Os
Eng
New
1907 A-O
Os
1908
104
6s
1915
5s
1905
...108%
X YA-N Eng 1st 7s
1905
105
1st Os
1924
Old Colony gold 4s
Oreg Ky & Nav con g 4s.. 1940
1922
Oreg Sh Line 1st g Os
Repub Valley 1st s 1 6S...1919
1902 M-N
Rutland lstOs
Rutland-Canadian 1st 481949 J-J 102
1930 F-A 100
Seattle Elec 1st g 5s
1918 M-S
Torrington 1st g 5s
Union Pao BB&lgr g4s.l947 J-J
1911 M-N
1st lien conv 4s
1903 M-N
Vermont* Mass 5s
West End Street Ry g 5s.. 1902 M-N
.102
1914 M-S
Gold4%s
1910
M-N
debenture
4s
Gold
1917 F-A
Gold 4s
Western Teleph & Tel 5s. 1932 J-J 105% Sale
Wisconsin Cent Istgen4sl949 J-J
Wisconsin Valley 1st 7s. .1909 J-J
"

101

101% "s 101% 102
132%J'ne'02
132% 133%

Jan
lstconsinc3s
Jan
2d cons inc 3s
cons
5s
Mich Teleph
Minue Gen Elec con g 5s
New Eng Cot Yarn 5s

interest in addition to the purchase price for all Boston Bonds.

High NO Low High
J'ly '02

102

106

1st
Ma-rq Hough
Mexican Central cons 4s.. 19 11 J-J

'01

110
104 j'ne'02
107%May'(>2

loo

M

NOTE -Buyer pays accrued

121%

125%Aug'00

J-l>

Q-T
J-J

Joint bonds see it t Northern
Clue Je Ry A stk Yds 5s .1915 J-J
CoU trust refunding g 481940 A-o
ChMil A St P Dub D BS..1920 J-J
Ch
A St P Wis V div 681920 J-J
Chic a- SoMichlsl gu 58.1931 M-K
Chic ct
Mioh gen 5s. ...1921 J-D
Concord <S Mont cons 4s.. 1920 J-D
Com. A Pass B 1st « 4s.. .1943 A-O
1927 A-O
Current River 1st 5s
1st 48...1946 A-o
Det Gr Rap A
Dominion Coal 1st Os
1913
Eastern 1st gold 6s
1906 M-S
Fitchburg 4s
190
4.s
1927 M-s

Registered 4s

83
56
L20

8

.

Old Colony Tr Co recta
Kan C &, M Ry & Br 1st 5sl929
KanCSt JoA C B 1st 7s. .1907
L Rdc Ft Sm Id gr 1st 7s. .. 1905
Maine Cent cons 1st 73...1912
1912
Cons 1st 4s

liange
Since

January X

101% Sale 101%

1934 M-S
Marl934 Spl

Income 5s

99'

104

Ask Low

Bid
102

1910 J-J
deben 5s
Non-convert deben 6s... 19] 3 A-O
la Falls A- Sioux. C 1st 7s.. 1911 A-O
Kan C Clin A Spr 1st 5s... 1925 A-O
KanC Ft S&Gull 1st 7s.. 1908 J-D
L928 WIN
Kan C Ft Scott & M Os

KanCM* B gen 4s
99%

99%

100

A-0
M-N

W

02" 103%
91 % 99%

104

120% J'ly '02

MS

Div3%s

L

'02

Apr'02

98
78

A-O
1919 A-O
1913 M-N

BW st 4s

8

;i:c,

Week's
Range or
Last Sale

Friday
Aug. 8

Illinois steel

100

115%Aue'01
99 % Sale

J-J

1922 F-A
1927 M-N
1921
1949 J-J

99

102>s

99% Jan

b-A
M-N
F-A

Denver ExteU 4s
Nebraska Exten 4s

9.)

96%
L04%Apr'00
120"! Apr '01

J-.I

l'.U'.i

5

28

Dec '01

102%

1

Low High

fl'o

99%

96%

J -D

1st 5s
IowaDiv 1st 4s
Debenture 5 s

January

/'lice

BOSTON STUCK EXCH'GE
Week ending August «

Since

c-

LOO

99%

io-J>isale"

N

5

High

100

119

Iowa Div

Illinois

or
Last Sale

99% 100
99% sale

1908
An: Teleu .v ivi coU tr 4s. 1929
Atch* Nebraska 1st 7S..190S
AtohTop&S Fe gen g 4s. .1995
J'ly 1995
Adjustment :; -Is
1907
Boston* Lowell Is
1944
Boston A Maine 4 %s
1942
Plain 4s
Bost A Man 3d issue 7s... 1904
Boston Terminal 1st 3%s. 1947
Boston United Gas 1st 5s. 1939
1939
2d 5s
1918
Bur* Mo Kiv ex t'.s
Non-exempt Os
1918
1910
Slatting fund -is
Butte A- Boston 1st 6s
1917
ir Kap A Mo B 1st 78.1916
1909
2d 7s
Cent Vennt 1st g4s..Mayl920
L903
Chic Burl <& Q 1st 7s

BA

Range

i/

Aug. a
Bid

AmEoll Telephone

BONDS

Week's

Price

BOSTON STOC K KXC "Q K
WEEK ENDING AUGUST S

283

109
125

108%
98

126

28% Dec
41% Dec
32% Dec
37

Jan

128%Jan
55 Apr

Mid

Ask

94
120
110

95

114% 115
100% 102%
119% 120%
112 112%
114

Ga Car & N 1 st os g '29 J-J 112
Georgia P 1st 6s. ..'22 J-J 125

115

112%

GaSo & Fla 1st 5s 1945 J-J 114 115
"98% G-B-S Brew 3-4sl951M-S 53% 53 34

43 \ 43%
2d income 5s 1951 M-N
Knoxv Trac 1st 5s '28A-0 101
110% 117% LakeR El 1st gu5s'42M-S 120
72% 73% MetSt(Wash) lst5s'25F A 118
83% 83%
Mt Ver Cot Duck 1st 5s
48
48%
Incomes

111

New Orl Gas

167

108
102% 105
53
48
99 101
8583
16% 17

1st 5s. .Var

Npt N&O P 1st 5s'38 M-N 109

Norfolk St 1st 5s '44.. J-J
North Cent4%s 1925 A-O
J-J
6s 1904
Series A 5s 1926. ...J-J
Series B 5s 1926. ...J-J
Trac 5s 1997. J9% 9% Pitt Un
Val 1st 5s 1941. .J-J
40% 41% Poto
Sec At T(Pitts) 5s '34 J-D
Sav Fla & West 5s '34 A-O
102% 103% Seaboard A L 4s 1950 A-O
Seab & Boan 5s 1926. J-J
112%
South Bound 1st 5s.. A-O
UE1 L&P lst4%S'29 M-N
108 109
123 123% Un By & El 1st 4s '49 M-S
J-D
Income4sl949
110% 111
Va Mid 1st 6s 1906. .M-S
112%

110

107
112

104%

i.05%

120
120

llo%
118% 118%
118
112
87
113

87%

112% 113%
85% 80Sj
97% 9734
70% 70%
106

2d series 6s 1911... M-S 116

117
120
101

119
121
102

117

119

117%
105

ioi"

3d series 6s 1916.. M-S 122 125
4th ser3-4-5s 1921. M-s 114
5th series 5s 1920. M-S 115%
Va (State) 3s new '32. J-J 9534 96%
90%
Fund debt 2-3s 1991 .J-J 96
West N C con 6s 1914 J-J 117% 118%
WesVa C&P 1st 6g'll J-J 113 113%
Wil & Weld 5s.. 1935. J-J 118

—

2

'

.

Volume

Slocks

State

U S

Bonds

Bonds

dec

Bonds

$12,940,450
31,219,900
30,307,400
43,862,000
62,652.300
61,265,125

$1,324,700
1,109,500
1,378,000
1,692,000
2,209,500
1,729,000

$20,000

2,511,043 $242,247,175

$9,442,700

$20,000

135,217
339,724
311,149
447,380
651,698
625,875

Monday

Friday
Total

Railroad

Par value

Shares

Tuesday

$7,000

January 1

Week ending Aug. 8

Sales at
Stock

1st 6s 1920
Jackson Gas Co
5s g 1937
Kansas City Gas
5s 1922

STOCK EXCHANGE

NEW YORK

to

$7,000

Aug. 8

—N

1901

1902

1901

1902

195,168,570
106,878,874
2,278,214
2,511,043
$242,247,175 $224,435,050 $10,101,517,075 $19,002,570,175
$124,475
$399,700
Bank shares, par..
Stocks

o.

shares

Par value

BONDS
Govern iuen t bonds

$7,000
20,000
9,442,700

$35,000
31,000
7,274,500

$566,300
1,380,400
561,929,100

$1,347,270
2,204,900
694,713,000

$9,469,700

$7,340,500

$563,875,800

$698,265,170

State bonds
RR. and mis. bonds
Total bonds

DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA

EXCHANGES

Week ending
Aug. 8
1902
Saturday

Monday
Tuesday

Wednesday

.

Thursday
Friday
Total

Philadelphia

Boston

Bond

Unlisted
shares

Listed
shares

sales

sales

6.863
6,595
7,171
8.598
11,120
16,857

6,692
7,303
3,836
10,495
10,618
17,277

$16,000
43,350
23,075
64,965
123,450
73,600

12,533
28,417
20,229
16,246
19,763
13,398

1,945
6,617
2,388
5,203
6,306
7,653

$34,000
99,000
83,100
91,100
73,500
88,100

57,204

56,221

$344,440

110,586

30,112

$468,800

Outside Securities
A

Weekly -Review
Street

oi

Outside Market will be found on a preceding page.

Railways

NEW VORK CITV
Bleeck St& Ful F stk

Street Railways

Ask

Bid

Grand Rapids Ry

J-J
1st inort 4s 1950
7th Ave stk. 100
B'way
lstmort 5s 1904... J -J'
J-J
2d wort 5s 1914
Con 5s 1943 See Stock

&

Ask

Bid
100

50

34% 36

100

101
248
101

95
Preferred
100
102
Indianapolis St Ry See Phila
25
252
J C Hob & Paterson..lOO
102
4sgNovl 1949. ..M-N 2 81%
Lake,
St(Clric)
El
stk.100
10%
109H

107%
Exch list
B'way Surf 1st 5s gu 1924 2112% 115

bo
98
list

26 %

82 %
10%
J -J 2....
Deb5s 1928
Louisv St Ry 5s 1930 J&J 2116% 118%

2d 5s int as rental L905 8101
Cent'l Crosstowu stk.100 265
M-N 2122
IstM 6s 1922
Cen Pk <fc E Riv stk 100 208
J-D loo%
Consol 7s 1902
Christ'i& 10th St stk 100 185
Col& 9th Ave 5s See Stocl; Exch
Dry 1) E B & Bat stk 100 120
1st gold 5s 1932. ..J-D 114
F-A 103
Scrip 5s 1914

113%
1 02 %
Lynn<fc Bos 1st 5s '24.J-D 11.'
Minneap St Ry 5s <S'ee Stk Exch list
276
IT''!
New Orl Rys Co (w i) 100 17
125
Preferred (wh iss).100
56% 57
22 U
(wh
issued).
88%
101% 50-yr 4%s
90
North Chic Str stock. 100
190

Eighth Avenue stock 100
b'-A
Scrip 6s 1914
42d& GrStFerrystk 100
<t St N Ave 100
42d St
lstmort 6s 1910. ..M-S
2d income 6s 1915. .J-J
LexAv & Pav F5s Seest
Metropol Securities See
Mctropol Street Ry See
Ninth Avenue stock. 100
Second Avenue stocklOO
lstmort 5s 1909. .M-N
F-A
Consol 5s 1948
Sixth Avenue stock. .100
Sou Boulev 5s 1945.. J -J
So Fer 1st 5s 1919. ..A-O
Third Avenue See Stock
Tarry WP&M681928

115

N

M

400
105
407
70

111%

\->

2

1

8

a 05%
2118
175
2111
2108

Exch

Ave

5s 1909. .A-O

Con 58 g 1931
A-O
Impt 5s See Stock Exc

W E 5s 1933. .A-O
Brooklyn City slock... 10
BB&

Cou 5s See Stock Exch
Bkln Crosstn 5s 1908. J -J

km

420
1

13

22

1

85*4

100

100
100

65

99% 101
2110% 112
J-D }104%

A

-i

I

2d 5s 1933
So Side El (Chic) stk LOO
Syracuse Rap Tr 5s 19 tC
Toledo Rys & Light..l00
Unit Rys (St L Trans) loo
Preferred
100
J-J
Gen 4s 1934

109
102
33

110
104
34

30% 31%
83=4

87
101

Fran subs.
Common (when issued.)

119%

list

84»4

A-O

Con 5s 1930

106% Unit Rys
185
114
110

35% 36

6s 1931. .J-D 8126

2d 6s 1914
Rochester Ry
Preferred

75

Siin

ti

22%

.

<

NYGELH&P

102
23

Nor Un

107

Coney Island* BklynlOO 350

400

1st 5s 1903

J-J 101
5scrtfsindbt 1903. .J-J 101
103
5s 1939 .J-J 115' 116
'06
F-A LC3%
Gr St&New 1st 5s
Gr'pt ifcLorimer St 1st 6s 105
Kings Co. Elevated—
1st 4s 1949 See Stock Excli list
Nassau Elec prof
100
83
86

BrkC& N

A-O 113

115
8* % 89^
J-J
Wb'g&Slat 1st ex 4%s. L06 106
Steinway 1st 6s 1922.J-J 2118 119

1st 5s 1927. M-N

Standard Gas com
Preferred
1st 6s 1930

OTHER

130
150

M-N 2115%
37 H
93
Bait

112

Gas

CITIES
Buffalo Street Ry—
1st consol 5s 1931. .F-A 2115
Deb 6s 1917
A.O 2104

16

2%
19
106

104

>

Russell 6c Eru in
Safety ar Heat <ft
1

Acker Mor

& Condi t...6s

Alliance Realty
Coppi
Si
1

i

100

100
Stock

k

List

Preferred

11%

10

Ainer Hide <fe Lea Un

350

1

Preferred
68

See Stock

Exch

118

Amer

list

American Screw

LO

L& HeatcomlOO

111%

140
160
IK',',

38%
95

list
•

Preferred
100 107%
Col Gas 1st 5s 1932 J-J }108
16 34
Consol Gas (N J) stk. 100
90
J-J
1st 5s 1936

Simmons Hard

list
list

2d preferred

10234
LOO
107»4

t

U

12

l ;,s

4

7

8

40

42

90

100

Bond&MtgGuar newlOO

49

100% 102
4
55

14
ISO

65

List

1

I.

270
10
32% 34

8%

5

5%

18

18H

82%

605% 69%
;

|

120

Tennessee

1

•

1

A-O 2100
1

10

>l>er

.">

5

22
105
70

Directory new ..100
t

3«b

Union Steel <6 Chain. 100

20

100
Signal 50

40
90
t
tHIO
130
127
125

Preferred

30

Union Typewr com.. 100
100
loo

1st preferred
2d preferred

S Cotton Duck
LOO
U S Envelope com... LOO
Preferred
D s ;iass common. ..100
Preferred
LOO

77
22
127

us

145

[JSRi

1

1:1

alty&Con(wbiss)

Prefoi red

15

iiOO

1.

m

i.v

14K
10
70
37
SI

Diss
Relinii

v. b.<

[erred
LOO
S Shipbuild'g (wh LSS).
Preferred! when Issued)

26
68

1

iss)

Universal Tobacco... 00
1

red
LOO
Va Coal iron & c.ike. ion
M
5s L949
Vulcan »et inning...
ii

1

rreil

\\ esl ingh
\\ inn

105

130
LSO

16
20
75

38%
82
34

59%
25%
68%

97^i

98%

4
26

9
33

17

18

81

69
33
82

I

I'll

3*»

33
50

95

pel)

D S Steel Corp 5s wh
Coin 58 Sei B<S P
ii

165
25
120
75

33% 34%

1

U

90
110

Crust.. .100
1

U

e

t

1

Title ins Co of N Y..1HC
'in QtonPotterles com 00
in Ei red
100

Trow

7

k Exc h'ge

-J

oppei
Coal. 100

L908

lis

Lsl

st

,101
102
16»4 17
25

1910-1914

1st 5s

35
125

..1

-

.t

Union sw Rob &

l.xcll

HO

139% 143
250

h

Power
Co .vi Boston

•

switt

Preferred

320
149
46
100

76V

139

loo
loo
100

ii

18

100

165

157% 158

1

145
41
96

125

61
160

81

id
2'JO

t

Standard Oil of N J. .ion
standard Coupler com 100
Prefi rn

Guard

48

25
LOO

Standard Milling Co. mo
Preferred
100

100

Soda FouD COm..l00
1st preferred
100
2d preferred
100
Surety
American
50
Am Strawboard reels 100
Bonds 6s
E a
Amer Tobacco com... .'i
Preferred
J 00
Am Typclo'rs com.. .100
Preferred
100
Amer Woolen See Stock
Paper.
Writing
100
Amer
loo
Preferred
J-J
5s 1919
Bariiey&SmCar
100
Preferred
100
Bliss Company com
50
Preferred
60

1.1

com loo

in

.MIl;

'

Cexa

Am

17%

-

8%

Us1

Press Assoc'n.100

Preferred

«

53'.

107
93

1
3

7%

100
loo

Amer Shipbuilding. ..100
115

list

Exch

103

Pref( ireil

Agric Chern

American Elevated
Amer Graphophone...lO

1

i

Debenture 4s
Continental Tobac deb 7s

I

Industrial mid .Hiscol

Borden's Cond Milk.. loo
Preferred
100 111 113
Brit Colum Cop See Bost Stock Exch
94
116% Consum Gas (J City)—
Celluloid Co
100 112
22
1st 6s 1904
M-N 2 103 4 104
25
Cent Fireworks com. 100
% 106
Chicago City RR stk. 100 215 218
Detroit City Gas .sec stk Exch list
Preferred
65
100
67
Chic UnionTracSeeSt'ck Exch list
Essex & Hudson Gas 100
32% 33 >a Central Foundry
100
2% 2 8<
Cleveland City Ry....l00 107 115
100
67
12 % 13
Fort Wayne 6s 1925.. J -J
60
Preferred
Cleveland Electr Ry.100
S6\ 90
170
Gasi&Elec BergenColOO
sebrough Mfg Co LOO 450
Columbus (O) St Ry..l00
54 3j 56' Grand Rapids Gas
102%
Ln( 11 B) lstpref 100 100
Preferred
100 106 107
1st 58 1915
100 L02
F-A 2104% 105%
•2d preferred
106
ill um Ry con 5s
See Ph ila list
loo
Hartford (Ct) Gas L...25
51
Common
98 101
Orosst'wn lst5s'33.J-D 210.8 111
Hudson Co Gas
60
ColcfeHockCoal&lpt loo
100
86% 36
Detroit United Ry See Stk Exch list
J-.I
5s g 1949
M-N 2103 104
1st g 5s 1917
2 Buyer pays accrued interest.
1 Price per share.
t Sale price.

OTHER

6

2

!

Exc

83% 85

-O

Stk

Cincinnati Ga8&Elecl00
i.l

Consol Rubber Tire. .100

1

100% American can com.. .100

r
'0
l a4
Bay State Gas
l 7s
Binghamton Gas 5s
95
Bosto n list
Boston United Gas bond
11'-.
B utlalo City Gas stocklOO
12

'

20

5%

1

1

v

10
55

100

Preferred

ConsRy Ltg&Refrig.lOO

f

Amer Bank Note Co. ..50

CITIES

ST

III

60

Ask

1

Am

108% 110

100
100

Amer Light & Tract. 100
100
Preferred
Baltimore Consolidat See

1st 5s 1947
Chicago Gas SeeN

12

8

50

NY

63% Amalg

ii

104

100

A-O 102

Preferred
100
\1ner1cau Chicle Co. .loo 105
Preferred
100 X 90

Cent Union Gas 1st 5s. 2110
Con Gas N S") stock N N Stock
114% EquitGascon5sl932 See stk E
Mutual Gas
100 335
New Amsterdam (ins2103
ist consol 5s 1948. .J-J 2112
114 115
.See Stock BXCll
list
NY<fc East River Gas—
102% 104
1st 5s 1944
J-J 113
247 4 248
Consol5s 1945
J J L08
list

A-O 2102

Bid

Cramps' Sh&Eu BldglOO
85
67
72
Crucible Steel
100
100
213s
58
Preferred
100
86 8
Log&WabVlst6s'25.J-D
54
Diamond Match Co Set Exch list
Madison Gas 6s 1926. A-O 2107% 109% Dominion Securities. loo
28
30
Newark Gas 6s 1944. Q-J 2140% 141% Electric Boat
100
25
29
Preferred
Newark Consol Gas.. 100 69
70
100
40
50
Electric Vehicle
5s 1948 See Stock Exch list
100
7
7%
New Eng Gas & C See B oston ist
Preferred
100
14
15
20
O&IndCouNat&IlllOO 15
Electro-Pneum'icTranlO t 1%
1%
54
Empire Steel
1st 6s 1926
J-D
50
10
100
11
Providence Gas
50 tl08
Preferred
49
100
51
98
St Joseph Gas 5s 1937. J-J 2 96
General Chemical
100
64
67
94
Preferred
StPaulGas Gen 5s'44M-S i 92
100 100% 102
Syracuse Gas 5s 1946.J-J 2 98% 99% Gorhani Mfg Co com. 100 125
Preferred
United Oas&Elec.NJ 100
37 58 37 34
100 125
Greene Consol Copper. 10 t 27
Preferred
100
87 34
27%
Guggenheim Explorati'n 150 160
Telejer tV Telephone
HackensackMeadowslOO
9
15
Hall Signal Co
AmerDistTeleg.SeeStock Exch list
100 113 126
BellTelephof Buffalo 100 106% 111
Havana Commercial. 100 18% 20
Central* So Amer... 100 101 104
Preterred
60
100
62
Ches& PotoTeleph.,100 45% 48 Havana Tobacco Co (w i) 47
50
5s 1909-29. _
107
Preferred (w i)
68
J-J 105
75
Commercial (Able.... 100 175 184
Hecker-Jones-Jew'l Mill
Commer UuTel(N Y).25 115
1st 6s 1922
M-S 95 100
Emp <fe Bay State Tel 100 78
2
84
Herring- Hall-MarvinlOO
3
Franklin
47
55
1st preferred
100
35
40
100
Gold & Stock
5
2d preferred
100
10
100 120 123
4%s, 1905
Hoboken Land & ImplOO 105
Hudson River Teleph 100 105% 110%
M-N 106
5s 1910
New Eng Telephone See Bosto n list Houston Oil
100
19% 20
72
Northwestern Teleg... 50 122 126
100
Preferred
75
J Telephone 100 176% 180
Internat'lBankingColOO 200 205
5sl920
M-N 112 115 International Salt certfs
11% 13
Pacific & Atlantic
80
85
25
Internat'l Silver See Stk Exch list
Providence Telephone. 50 tl09
J-D 101 102
68 1948
1
Southern & Atlantic. 25
95 100
Iron Steamboat
25 t
Tel Tel & Cable of Am. 15 t
7
John B Stetson com. .100 150 160
Preferred
100 150
Electric Companies
Lanston Monotype
12
20 t 11
Chicago Edison Co... 100 173 177
Lawyers Mort fnsur.100 235 245
Edison El IU Brk 4s
Stock Exch Lawyers' Surety
100
Hartford (Ct) Elec Lt 100 198
Lawyers' Title Ins. ..100 420 430
KingsCo Elec L&PColOO 200 208
Lorillard (P)pref
100 125
19"
Narragan (Prov) El Co 50 tl05
14
Madison Sq Garden. .100
NY & Q El L &PowCol00 42
M-N 55
2d 6s 1919
7i4
Preferred
80
100
ManhattanTransit
20
7%
Rholsl Elec Protec ColOO 125
Mex Nat Construc.pflOO
7% 8%
United Electric of N J 100
14% 15 Monongahela R Coal. .50 t 12'4
4s 1929
J-D
69% 69^4
Preferred
50 t 39=8
102%
Mosler Safe Co
100
Ferry Companies
loo
20
National Bread
Brooklyn Ferry stocklOO
16
19
Preferred
92%.
LOO
30
loo
31
NY&Blst6s 19.ll.JJ 113 115 National Carbon
Con 5s 1948 See Stock Exch list
Preferred
100 101 h.
108 110
Metropolitan Ferry 5s
Nat Eiiaiu'g<fc Stamp 100
34
35
Preferred
92
N Y <fc E R Ferry stk. 100 82
100
88
National Surety
loo 140
1st 5s 1922
M-N 2 94
95
33
N Y & Hoboken stk. 100 71
New Central Coa
38
20
Hob Fy 1st 5s 1946 M-N 2112% 114 New Eng Consol Ice. 100 30
30%
Con 5s 1946
J-D 2 86
88
N Y Biscuit 6s 1911. M-S 114 116
N Y<& N.T 1st 5s 1916. J-J 102 105 N Y Mtge<ft Security. 100 110 130
23
75
loo
25
New York Dock
10th & 23d Sts Ferry 100
108
60
Preferred
1st mort 5s 1919.. .J-D }105
LOO
15
Union Ferry stock. ..100
46
N Y Realty Corp
iss
100 183
12
1st 5s 1920
98% N Y Transportation... 20
M-N i 98
Nicholson File (Jo
100 147%
Railroad
5
10
Nor Am Lum'r<fePulplO0
95% 96% Ontario silver
loo
Chic Ind & Lou gu 4s ( w i)
100
39
Cine Peo Ac St 1. pref.100
14% Otis Elevator com
39%
100 103
108
105
Prior lien g
Preferred
a s'30M&S 2106
Con mtg g 5s 1930.J&J
L01
Pittsburg Brewing
50 T 2S-V
32
Income 5s 1930
36
Preferred
SO t 47 >»
100
43
46
ChRI& P new (w b
Pittsburg Coal
si
loo
90»4
Newprel'(when issued)
Preferred
90% 92
Pitts plate Glass
US
CoU tr 4s (when Issued
100
OS
Denver »fc Soutirn ...inn
45
50
Pratt .v wintn pref..lO0
3
Northern Securities.. 100 106% 106 4 Proctei a Gamble.. ..100 340 345
94 4
100 201 20-1
Oregon Short Line Is w
Preferred
1'itts Bes8<fc 1. E
RapTSubOperSOpdlOO 120 125
50 i 36% 37
71
106
Preferred
50
Royal Bak Powd pref.lOO 105

1*4

Ons Securities
NEW YORK

415
106
118

75

100
100
Lafay'eGaslst6s'24.M-N

10

115

50

52
80
104 34
78
104
20
104
89
110
60
56

Laclede Gas
Preferred

87%

62 %
Preferred( when issued)
4s 1927
'•'"i
04
loo
West Chicago st
M-N 2100
Cong 5s 1936

114

BknHgtslst5s 1941 A-O 105 108
Bkln Q Co & Sub See Stk Exch list
Bklyn Rap Tran See Stk Exch list

5s 1944
1st 4s 1951

1st 5sl909
J-J
North Jersey St stocklOO
M-N
48 1948

104% Pat Ry con

Stk E x list
Stk E x list
190 '.'10

i

BROOKLYN
Allan

130
116

99
10 L
k Exc list

108
111
28th & 29th Sts 1st 5s '96 2113
Twenty -Third St stk. 100 n is
J-J 102
Deb 5s 1006
Union By 1st 5s 1942 F-A 115
Westchest 1st 5s '43 J-J 113%

YkersStRR 5s 1946

list

M-N

48
70
102

Industrial and [Hiscel

Compressed Air Co... 100
ConsolidCar Heating loo
Consol Firew'ks com. loo

NY&N

Bond

Unlisted
shares

IAsted
shares

Ask

jad

LXXV.

1

New York

Exchange

[Vol.

Gas Securities
Indiana Nat & 111 Gas—
1st 6s 1908
M-N
Indianapolis Gas stock 50

WEEKLY AND YEARLY

DAILY,
Week ending
Aug. 8
1902

'

Exchanges

of Business at Stock

TRANSACTIONS AT THE

.

THE CHRONICLE.

284:

Air Brat

Knob Minin-.lOO 18% 20
Worthing Pumppref. LOO 122 126

..
..

..

Investment and Railroad

|utelligpeixce*

RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
Latest Gross bantings

ROADS

Week
or

Current
Year

Month

$
16,122
37,057

Previous

Year

$
15,033
37,242

July

1 to

Latest Oross Earnings

Latest Date.

Current
Year

ROADS

Previous
Year

Week
or

Current

Month

Year

$
177,741 Millen & So'w'n. June
106.166 Mineral Range.. June
AlaGt Southern. 3d wk July
exa.- Pacitlo.
Ala
Miuneap & St L. July
70,000
35,000
33,000
62,000 M St P & S St M. July
& No East. 2dwk July
27,000
14,000
14,000
27,000 Mo Kan & Texas- July
Ala<fc Vicksb'g 2d wk July
17,000
12.000
34,000
24,000 Mo Pac & Iron Mi July
Vlcksb 8h& P. 2d wk July
inc.
50,897
Allegheny Valley May
Central Branch July
3d wk July
30,040
29.809
89,711
90,860
July
Ann Arbor
Total
5,902
76.506
7,382
59,458 Mob Jack & K C Wk Aug 2
Ann Wash & Bal. May
June
59,147,085
4,456,231 4,617,435
....
54,474,822 Mobile & Ohio... July
AtchTop&SFe.
220,820 216,695 2,704,175 2,639,234 Nash Ch & St La. July
Atlanta & Char.. May
May
No.
54,408
42,805
573,90
Knoxv
&
439.028 Nat'l Ry. of Mex July
Atl
147,470
15,913
8,026
83,198 Nev-Cal-Oregon. May
Atlantio & Bliin June
846,762 714,999 7,633,030 7,163.174 Nevada Central.. May
Atl Coast Line... May
269,977
21,384
19,325
235,045 N Y C & Hud Riv July
Atl Vald 61 West. June
97.014
8.435
8,297
83,636 N Y Out & West May
Bait <fe Ann S L.. May
BaltA Ohio....) June
N YSusQ& West May
51,077,116
4,379,560
4,023,127
47,114,430
B & O Southw. v
Norfolk & West'n July
140,455 127,337 1,708,934 1,449,454 Northern Central June
Bangor & Axoosl June ......
1,641
1,523
34,525
Bath & Hainnion June
39,229 North'n Pacitlo.. June
16,513
15,995
Bella Zanes & Cin May
Nor Shore (Call.. June
57,961
Bellefonte Cent') June
4,705
4,285
42,479 Paoiflo Coast Co June
R.
May
Brldgt & Saoo
3,168
3,245
37,689
36,956 Penn— EastP&Ee June
24.416
Bull Attica & Arc May
2,704
2,582
25,007
WestP&E.§. June ......
BuffRoeh<fc fiitt- July
596,710 557,439
596,710
557,439 Pere Marquette. July
May
Buffalo & Susq.
73,724
772,157
65,792
659,338 Phtla & Erie.... May
Burl C Bap & No May
399,700 399,772 4,959,604 4,559,003 PhilaWilm&B. June
123,195 106,871 1,187,097 1,172,246 Pine Bit, Ark. R. June
Canada Atlantic February.
Canadian Pacliic July
3,164,000 2,851,455 3,164,000 2,851,455 Pittab C C & St L June
June ......
15.208
178,791
Cane Belt
7,505
58,844 Plttab & West'n. March.
663,342 570,017
663,342
Cent'l of Georgia July
570,017 Plant System—
Cent'lNewEng.. March....
47,850
52,410
449,309
534,035
Ala Midland.
Cent'l of N Jersey May
1,196,124 1,316,044
Bruns & W'n. May.
Central Paolno.. May
1,712,012 1,754,871 18,560,830 17,820,520
Chas&Sav...
Chattan South'n. July
10,766
9.009
10,766
9,009
8av Fla & W.
Chesap & Ohio... July
1,018,803 1,346,706 1,018,803 1,346,706
SilSOo&G..
Chio & Alton Ry. May
703,826 747,158 8,498,023 8,278,927 Reading Co.—
Burl
Cjuin
May
A
Chio
4,477,263 4,345,887 49,318,501 45,963,032
May
Phil & Read
Illinois. July
Chic
535,740 470,062
535,740
470.062
Coal&IrCo.... May
Chio Gt Western. July
541,769 605,299
541,769
605,299
Tot both Co's. May
Chlolnd <&L'v... July
398,018 379,245
398.018
379,245 Rich Fr'ksb & P May
Chio Milw & 8t P June
3,873,717 3,555,990 45,613,125 42,369.013 Rio Grande Jot. May
.,
Chic & North W'n June
4,000,368 3,913,102 46,731,387 43,323,515 Rio Grande So... July
ChioPeo&StL.. June
122,102
97,701 1,448,324 1,343,881 Rio Gr'de West June
ChioRI&Pao... April..
2,119,178 1,972,937 24,205,17: 21,824,999 Rutland
March.
<feO. June
Chic St
904,389 837,047 11,777,106 10,664,777 St Jos&Grl... June
Chio Term Tr RK July
140,206 1S2.947
140,206
132,947 St Louis & Gulf. h June
Choo Okl & Gulf* 4th wk Mar
89,707
75,378 4,054,742 2,877,751 St L & N Ark
May
Oln N O & T Pac. 3d wk July 103,749
302,195
95,645
275,294 StL& San Fran g July
ClCinChcft StL. July
1,567,473 1,596,195 1,567,473 1,596,195 St L Southwest . July
Peoria & East's July
204,859 204,555
204,859
204,555 StLVan&TH.. June
South
July
Colorado &
492,000 464,572
492,000
464,572 San Ant & A P.. May
ColNewb <& Lau. June
11,576
10,342
180,596
173,203 San Fran
P.. June
Col Sand <te Hock July
130,019 106,606
130,019
106,606 San Pedro Los AnCornwall
June
114,223
10,486
8,1)00
106,446
geles & Salt L. February
Cornwall <&Leb.. May
27,181
30,735
307,656
248,716 SavFla <te West.. May
Cuiuberl d Valley June
109,636
95,229 1,193.998 1,080,880 Seaboard Air L.. 3d wk July
Denv.&RioGr. > July
1,488,900 1,453,200 1,488,900 1,453,200 SoC&GaExt... May
Kio Gr. West 5
So Haven & East. June
Detroit Southern. July
105,83
84,448
105,837
84.448 Southern lnd
July
Deft * Mackinac. May
76,882
88,977
798,307
785,714 So Pacific Co b... May
DulSoSh&Atl.. Jul,
267,217 255,6:
267,217
255.627
Carson & Colo. May
Erie
May
3,321,228 3,641,4'
37,646,465 35,549,095
Central Pacific May
Evansv & Indian July
31,5)79
30,360
31,979
30,300
Direct Nav. Co. May
Evansv <Sc T H... July
132,755 123,222
132,755
123,222
Gal Har & S A. May
F'rohild&N'rVn June
3,159
2,711
Gal Hous* No May .......
Farmv & Powhat June
7,385
4,253
76,241
62,588
GulfW. T. &P. May
Ft
& Deuv City June
221,259 166,918 2,262,123 2,099,528
Hous. E. &W.T. May
Georgia RR
June
137,919 117,786 1,986,757 1,834,679
Hous. & Shrev. May
Ga South <fc Fla.. June
105,468
97,623 1,250,876 1,203,811
Hous &Tex Ceu May
GilaValGA; N.. June
34,531
28,070
375,307
366,182
Iberia & Verm. May
Gr Trunk System July
2,580,422 2,365,970 2,589,422 2,365,970
Louis'a West.
May
GrTr. West'n. 3d wk July
77,879
67,119
239,752
205,181
Morgan's L & T May
DetGrH&M.. 3d wk J uly 20,576 21,656
65,104
N. Mex.& Ariz.. May
67,036
Great North'n—
N Y T <fc Mex May

May

Adirondack

NO&i

186,892
118,522

NO

1

,

,

,

,

,

.

,

,

,

S

3,210
44,378
308,214
529,239
1,271,559
2,965,000
91,000
3,056,000
3,703
558,272
736,247
676,136
17,413
2,919
6,036,838
370,758
163,016
1,528,860
611,602
3,571,862
63,980
521,293
9,596,059
Inc. 64
772,547
595,586

1,041,017
1,524
1,834,111
326,491

Previous

Year

July 1

to

Latest Date,

Current
Year

Previous

Year

*
2,387

t592,648
308,214
529,239
1,271,559
2,965,000
91,000
3,056,000
19,911
558,272
736,247
676,136
143,045
34,873
6,036,838
5,194,651
2.474,267
1,291,598 1,528,860
667,202 8,408,848
2,945,277 42,305,911
59,369
466,636 5,073,207
8,482.759 101803577
Inc. 7,7
3,200
772,547
743,920
589,394 6,313,800
1,053,117 11,925,749
34,245
1,459
1,589,801 21,772,672
367,798 3,210,005

1591.413
297.401
426,938
1.255,044
3,063,000
141,000
3,204,000
14,440
506,633
625,205
616,661
137,732
29,663
5,940,096
4,819,814
2,291,590
1,291,598
7,996,348
33,960,859

7,769,185

7,349,631

52,371
297,401
4*6,938
1,255,044
3,063,000
141,000
3,204,000
3,115
506,633
625,205
616,661
14,738
2,763
5,940,096
493,52"
213,772

5,137,545
93,206,077
61,900
743,920
5,577,187
11,652.149
27,092
19,380,219
2,910,210

"I

[

712,568

609,441

,

,

,

&E

,

,

,

PM

,

,

,

,

,

&N

,

W

.

8tP Minn &M) July
East, of Minn 5
Montana Cent'l July

3,301,963 2,523,717

3,301,963

2,523,717

Oregon & Calif.
Sonora Ry
So Pac of Cal

2,274,634 2,574,734 27,609,767 25,720,336
1,166,812 2,840,616 26,327,767 26,315,338
3,441,446 5,415,350 53,937,534 52,035,674
960,755
139,960 124,953 1,042,039
537,982
525,788
45,983
47,282
53,839
43,989
43,989
53,839
454,400 449,400 5,341,154 4,908,081
1,560,572
98,000 1,349,790 1,399,955
110,817
11,563 A212.508
139,388
A25.595
214,516
98,861
16,558
19,985
1,803,360 1,625,839 1,803,360 1,625.839
526,869
507,855
526,869 507,855
185,496 171,175 2,131,164 1,996.817
195,632 189,664 2,362,160 2,486,639
118,278 102,218 1,132,580 1,039,001

19,532

13,139

/712.568 /609.441 / 7,769,1 85 7,349,631
620,524
636,079
207,753 197,957
201,959
256,882
18,173
20,428
70,940
72,493
5,522
6,390
47,270
65,309
47,270
65,309
6,832,856 6,941,974 77,079,008 70,959,651
15,231
33,760
1,712,01 1,754,871 18,500,830 17,820,526

7,251
2,802
550,949 681,203
24,928
23,389
10,380
18,004
66,790
61.814
16,194
14,327
359,848 417,739
3,208
4,039
186,126 147,515
425,335 698,366
26,529
22,603
27,004
33,777
May
317,670 262,418
May
50,275
45,967
May
1,852,136 1,741,052
May
78,533
77,385
May
309,602 412,374
169,651 242,671
May
May
262,018 272,361
July
3,204,957 2,916,746
June
140,851 123,988
36,098
June
40,139
39,412
July
25,567
July
743,754
636,279
May
11.500
10,600
May
9,790
13,477
July
265,062 240,645
July
93,961
91,933
July
230,528 201,990
3d wk July
7,741
7,364

/

6,621,007

6,422,825

790,373
839,621
174.173
208,478
5,316,590
4,812,082
1,781.790
6,778,763

1,541,807
7,399,019

343,838

2G9',857

157,882 155,841
157,882
155,841
19,906,757 17,446,260
Total system. July
3,459,845 2,679,558 3,459,845 2,679,558
So. Pac. Coast..
Gulf&ShipIsland May
127,856
99,226 1,260,107
933,680
So Pao of Ariz.
4,296.217 4,000,548
Hocking Valley.. July
513,996 429,936
513,996
429,936
So Pac of N
2,352,860 2,193,790
.
Hous & Tex Cent May
359,848 417,739 4,812,082 5,316,590
2,720,550 2,593,731
Tex,feNOrl
Illinois Central.. July
3,292,005 3,175,752 3,292,005 3,175,752 Southern RaUw'y
3,204,957 2,916,746
Illinois Southern July
12,157
11,043
11,043 TerreH&Ind...
12,157
1,689,718 1,576,013
Int <te Gt North'n July
310,277 328,295
328,295 TerreH&Peor..
543.318
310,277
548,359
Interoe(Mex)
WkJulyl9
68,640
39,412
81,800
240,330
209,440 Texas Central .
25,567
Iowa Central
July
743,754
204,290 177,177
204,290
177,177 Texas <fe Pacific..
686,279
Iron Railway
June
129,500
6,265
59,747 TexS
5,262
82,623
147,300
..
Kanawha & Mich July
95,228
55,573
74,869
74,869 Tifton Thorn. &G.
55,573
133,383
Kan City South'n June ...... 463,906 427,596 5,560,621 4,912,182 To! & Ohio Cent
240,645
265,062
Lehigh Val RR. May ....... 1,944,391 2,274,323 25,511,269 23,880,212 TolP&West...
93,961
91,933
Leh ValCoal Co. May
201,990
929,292 1,946,723 19,710,610 18,799,847 TolStL&W....
230,828
Lexing <k East'n. June
23,847
39,418
357,880 Tor Ham & Buff'
34,218
424,400
23,475
Long Island
June ......
Inc. 35 ,589
Inc. 66 4,849
Union Pac RR.)
RR
Lou.Hend.&St.L. June ......
57,898
Oreg RR &
53.527
668,484
697,078
June.
3,860,440 3,759,141 47,500,279 43,723,273
£
Loui8v <s. Nashv. July
Oreg Sh Line
2,660,465 2,311,390 2,660.465 2,311,390
jine. )
Macon &Blrm.. June ......
10,355
6,654
108,381 Wabash
125,892
1,721,530 1,552,340 1,721,530 1,552,340
July
Man'tee&Gr.KUs May
9,401
Jersey & Sea'e June
16,600
350,024 328,924 3,763,758 3,581,958
Mani» & No East May
284,214
26,506
Wheel
30,091
324,616
July
324,616 284,214
Manistique
June
Wichita
13,557
97,368
12,410
85,884
Valley... June
6.598
5,299
Maryland & Penn March
104,254
20,622
179,255 Wm'sport&N.Br. May
119,400
19,536
195,232
10,984
10,069
IMexican Centra) July
1514939 1,364,224 f 1,514,939 1,364,224 White Pats &Y'n 2d wk July
90,180
53,780
Mexican (ntern'J. June
499,716
485,583 456,144 6,141.401 5,637,090 Wisconsin Cent.. July
530,100
530,100 499,716
JMexicanRy
WkJulyl9
159,856
90,900
218,100 Wrlghtsv & T'n.. June
143,494
74,500
251,700
8,374
9,599
Mexican South'n 3dwk July
410,305
18,990
51,918 Yazoo & Miss. V. July
460.112
16,377
58,118
460,112 410,3051
§ Covers results on lines directly operated.
* Figures from Deo. 1 are for the railroad only.
n ou ren y
a deludes Paducah & Memphis Division from July 1 in both years,
Gulf are
t Results on Monterey & Mexican
i«»i
i
S?
£
?
included from March 1, 1902, but for no part of ibO^.
e covers lines directly operated, including the Buffalo & Alle'y VaL Dlv.for both years.
cinciuoes tlie Houston & Texas Central and its subsidiary Hues. Earnings 01 the Cromwell Steamship Line, not previously reported, are
D0 w also included.
c Results on Montgomery Division are included in both years.
d Includes S t. Paul & Duluth for both years.
* in,
se „
"gures are the results on the Ala. Midi., Brunswick & West., Charles. <fc Sav., Sav. Fla. & West'n and Silver Springs Ooala & Gulf.
,,,,
ineee
Htrures include, besides the St. u <fe a. K, proper, the Kan. City Kt. Scott & Meru.system and Ft. Worth & R. G.
11
A From May, 190Z,
includes sundry acquired roads.
i Including earnings of the Hancock & Calumet, both years.
.

M

.

V&N W

&N

W

t

'

1

&LE

.

^S6

.

)

11

. .
.

Totals for Fiscal Tear.
In the full-page statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
that being now the beginning of the fiscal year of the great
majority of the roads.
Latest dross Earnings.

Period.

Roads.

—

TBB CHRONICLE

Current

Previous

Year.

Year.

»

[Vol.

Net Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from whioh monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the Chbonicle of July 19,
1902.
The next will appear in the issue of August 23, 1902.
Grot* Earnings.- —
Net Earnings.—-^
Ourrent Previous
Ourrent Previous

—

Year.

May
lto May

Allegheny Valley
Atlanta «fc Charlotte Air Line.

Jan. 1 to
&.pr.

Jan. 1 to June
Bellefonte Central
Burlington Cedar Rap. A No. Jan. 1 to May
Jan. 1 to May
Central of New Jersey
Jan. 1 to July
Chattanooga Southern
Chloago & North- Western.... June 1 to June
Chicago Rock Island A Pac.. Apr. 1 to Apr.
Ohio. St. P. Minn. A Omaha.. Jan. 1 to June
Choctaw Oklahoma & Gulf.. Nov. 1 to Mar.
Jan. 1 to June
Cumberland Valley....
Jan. 1 to June
Ft. Worth & Denver City
International A Gt North'n. Jan. 1 to July
Manistee A North Eastern... Jan. 1 to May
Jan. 1 to June
Manistique
Jan. 1 to July
Merlcan Centralt
Mexican International
Jan. 1 to June
Mexican Railway
Jan. lto July
Mexican Southern
..... Apr. 1 to July
Jan. 1 to July
Missouri Pacific
Central Branch
Jan. lto July
Total. .,
Jan. 1 to July
National RR. of Mexico
Jan. 1 to July
Northern Central
Jan. 1 to June
Pennsylvania.EastofP.AE..* Jan. 1 to June
West of P. & E
Jan. 1 to June
Jan. 1 to July
Pere Marquette
Philadelphia & Erie
Jan. 1 to May
Phila. wllm'g'n A Baltimore. Nov. 1 to June
Pitts. Cinoin. Chic. & St. L... Jan. 1 to June
Dec. 1 to May
Rio Grande Junction
St. L. Vandalia & Terre H.... Nov. 1 to July
South Haven A Eastern
Jan. 1 to June
Terre Haute & Indianapolis.. Nov. 1 to July
Nov. 1 to July
Terre Haute & .Peoria
Texas & Pacific
Jan. 1 to July
West Jersey & Seashore
Jan. 1 to June
Wichita Valley
Jan. 1 to June

31
31

Ino.

450,489
30
28.455
81 2,076,712
31 6,441,963
3

30

30
30
31

30
30
31
31

102,933
430,375
22,498
1,948,417
6,589,837
49,301
3,913,102
1,972,937

61,301
4,000,368
2.119,178
5,405,200 4,824499
2,297,157 1,805,684
657,874
495,408
1,119,554 1,020,829
2,530.786 2,691,702
148,996
152,348
51 255
58,833
11,760,608 10 230.711
3,110,714 2,930,138
2724,200 2,413.400
279,797
308,758
19.835,383 19,192,756

30
31
30
19
21
31
739,136
31
557,210
31 20,392,693 19 931,892
31 4,873,584 4,496,048
30 4,092,594 3.P50.794
30 53,419.876 48,451,476
30
Ino.
3,306,000
i

3

31
30

30
31
31

30
31
31
31

30
30

5.424,749
2,508,819
7,795,774
10,839,374
26^,822
1,568,932
28,695
1,245 751

5.007,683
2,387,061
7.678.273
9,751.057

386921

404.275

5,904652

6,291 224
1,492,652
33.029

1,577.652
28,842

251,366
1,482.467
24,522
1,146,075

* These figures include the Buffalo & Allegheny Valley Division In
both years, t The operations of the Monterey A Mexican Gulf are
Included from March 1. 1902.

Latest

(jlross

Earnings by Weeks.— In the table which

follows

we sum up

week.

The

separately the earnings for the latest
table covers the fourth week of Jnly and
shows 7*07 per cent increase in the aggregate over the same
week last year.
4th week of July
Buffalo Rooh.

1902.

$

& Pittsb'g

Chattanooga Southern.
Chicago A East. Illinois.
Chicago Great Western
Chic. Ind1an'lis& Loulsv.
Chic. Term. Transfer
Olev. Cln. Chic. A St. L..

Southern
Col. Sandusky A Hooking
Denver & Rio Grande
Colorado

<&

Duluth So. Shore A Atl..
Evansv. St Indianapolis.
Evansv. A Terre Haute.

Grand Trunk
Grand Trunk West..

A

>

Gt. Northern.

Kanawha A

Michigan...
Nashville .
Mexican Central .
Minneapolis A St. Louis
Louisville

A

.

A S. Ste. M..
A Iron Mt....
Mob. Jackson A K. City..
Nashv. Cbat. A St Loois.
National RR of Mexico.
Norfolk A Western
Minn.

St. P.

Mo. Paclno

Rio Grande Southern
A San Francisco
Southwestern.
Southern Railway
St. <jOp1b
St. Louis

A Paoiuo
Toledo A Ohio Central..
Toledo Peoria A West'n
Toledo St. L. A West

Texas

.

Total (48 roads)
*

532.0b'5

68,184
123.337
40,777
•472,700
31,210
101.532

$

$

204,000
15,825
521

100,445
26.217

46,730

208

.... ...•

1,528
84.298
8,202
9,701
10,232
16,800
8,309

848,523

793,310

55,213

134.622
113.470
62,749
19,159
908,365
461,754
102.749
160,791
462,619
1,214,000
44,000

95,541
113,630
55,973
26.528
785,100
436.4H7
96,604
131,803
458,046
1,206,000
53,000
3.147
213,057
199,992
463.113
248,423
14,105
56 ,871
178,288
1,018,394
12.713
267,231
87,780
32,134
75,351
546,974
159,188

39,081

4,23i

243,788
210,93/
553.353
255,559
16.993

648,720
166.882
1,098,180
4,893
222,831
90.921
30,-, 16

85,874
620,257

12.866,557 12,017,101
p. c.)

....

...

160
6,776

7,369

123,265
25,257
6,145
28,988
4,673
8,000

1902.

1901.

N.Y. A Canada b.—
Apr. 1 to June 30

11,406
.......

7,820
44,400
3,141

1,318

10.520
74,283
15,412

238,677

849,456

Increase.

Gross earnings (61 roads) i51.957,000 48,643,203 3,313,797

1.237,933
2,499,241

377,596
941,242

1,308,543

302,626
540,845

*an. 1 to June 30

279.656
517,294

122,151
211,184

101,477
188,353

609,700

A

Saratoga b
June 30....
685,721
663,471
177,394
168,300
June 30... 1,213,666 1.192,262
200,244
290,721
Atl. b. June
253.425
216,946
65.679
106,458
June 30
2,630,569 2,484,211 1,001,751
829.280
Farmv.APowh't'n a June
7,385
4,25 3
438 def. 1,055
July 1 to June 3U
76.241
62,588
8,323 def. 6,546
Ft.W & Den. City, b June
221,259
166,918
61,696
45,260
Jan. 1 to June 30
1,119,554 1,020,829
2rfl,558
264,047
Gila Val.GlobeA N.a June
34,531
28,070
23,443
12,558
July 1 to June 30
375,367
366,182
200,421
193.665
Illinois Central.
a. June M.'iOO.SlS 2,910,434
765.763
550,071
July 1 to June 30. ...40,821,030 33,900,460 12,906,690 11,058,668
texlng'n AEast.h. June
39,418
34,213
14,256
11,835
July 1 to June 30
424.40'J
357,880
165,7 70
136,815
Long Island
June
Inc. 85,589
Dej. 41.360
July 1 to June 30
Ino. 664,849
In
281,430
y exioan Central
June 1.697,789 1,436,762
459,938
370,646
Jan. lto June S0....10,245;669 8,866,187 3,182, 82 2,555,989
Mix. International. June
485,583
456,14 4
165,965
181,430
Jan. lto June 30
3.110,714 2,930,138 1,199,204 1,304,713
Mlllen A 8outhwest. June
3,210
2,387
1,412
def.79
Jan. 1 to June 30....
19,639
21,070
5,795
3,340
Mineral Range. b... June
44,378
52,o71
7,367
9.439
July 1 to June 30
592,648
591.413
10J.669
90,397
M. St. P. A 8. 8. M. b. June
538,750
430,732
257 205
198,434
July 1 to June 30
6,222,388 4,517,076 8,230,761 1,952,739
S»sh Ch.&8t.L.»-..June
726,510
532,263
223.2-!2
190,038
July 1 to June 30.... 7,992,531 7,320,128 2,370,417 2,509,002
Newb.D'tohess A Conn.—
44,164
Apr. 1 to June 30
41,275
7,247
6,531
81,372
Jan. 1 to June 30
76,067
15,372
13,636
N.Y. Chic. A St. L.b—
Apr. 1 to June 30
1.607,319 1,797,056
493,211
524,320
Jan. 1 to June 30
3,361,964 3.582,583
937,628
959,031
N >rfolk A West'n.a.June 1.374.737 1.245,329
550,324
470,988
July 1 to June 30.... 17,552,205 16,179,069 7,415,977 6,393,312
46fl,836
521,293
10,0i8
•*aoino Coast Co.. a.Tune
125.171
July 1 to June 30 ... 5,073,21,7 6,137,545 1,037,642 1,150,870
1,702,687 1,623,870
539,063
St. Louis* San F.b.June
622.830
July 1 to June 30. ...21,620.882 19,3^4,279 8,148,412 7,932,803
330,632
Wheel. A L. Erie. b. June
251,481
72,845
68,902
3,537,023 2,951,106
913,222
July 1 to June 3o
877,592
U.302
9,599
8,374
1,953
ft rights v. A Tenn b June
143,494
159,356
48.619
61,968
July 1 to June 30
V&zooAMlSS.Val.a.June
446,460
22.378 def.21,483
362,848
July 1 to Juno 30.... 6,587,356 6,127,942 1,832,419 2,069,690
Renns.

Apr. 1 to
Jan. lto
Dal. So. Sh.A
July 1 to

. .

:.

.

a Net earnings here given are after deducting taxes,
b Net earnings here given are before deduotlng taxes.

-Int., rentals, etc.

—

Previous

Ourrent

Year.

Year.

Year.

9
9
241,802
214,418
2,799,650 2,916,962
33.689
32,825
June
Peoria A East
401,075
404,230
July 1 to June 30....

Per Cent.
6-81

It will be seen that there is a gain on the roads reporting in
the amount of $3,313,797, or 681 per cent.

—

Delaware A HudsonAlbany A Susqueu.b—
Apr. 1 to June 30
Jan. 1 to June 30....

303,659
612,664

N. Y & Canadab—
93,917
Apr. 1 to June 30
185,775
Jan. 1 to June 30....
Renss. A Saratosra.b.—
315,529
Apr. 1 to Juno 30....
621,961
Jan. lto June 30
79,642
Dul. So. 8h. A Atl... June
937,709
July 1 to Juno 30
June
Mineral Range
8,347
97,349
July 1 to June 30
145,327
Hashv. Chat.A8t.i..June
July 1 to June 30 ... 1,822,836
Newb. D'tchess A Conn.—
5,226
Apr. 1 to June 3u....
9,732
Jan. 1 to June 30
S. Y. Chio.A St. Loulsb—
322,553
Apr. 1 to June 3J....
636,538
Jan. 1 to June 30....
/

<-Bal. oflfttEam's.^

Ourrent
Boads.

For the month of July 61 roads (all that have furnished statements for the full month as yet) show as follows:
July.

Year.

Cle v.Oln.Ch. A 8t. L.June
July 1 to June 30

Including Rio Grande Western.

Month of

Delaware A H'dson Co.—
Albany A Susq. b. Apr. 1 to June ^0
1.009,910
Jan. lto June 30
2,125,852

9,000

1,088,133

Year,

Interest Charges and Surplus.—The following roads, In
iddition to their gross and net earnings given in the fore*
going, also report charges for interest, &c, with the surplus
tbove or deficit below those charges,

i,087
30.781
10.940
90.240
7,136
2.888
86,849

79,786

Year.

Roads.
9
9
9
9
Bangor A Aroopt'k bJune
127,'>37
140,455
47,048
45,263
July lto June 3U
1,708,934 1,449,454
541,032
607,050
Bath A Hamui'dH.bJune
1,641
1,523
def.399
def.263
July 1 to June 30
34,525
39,229
12,983
19,430
Cent, of Georgia. n. June
51=18.864
108.4S6
477,100
73,233
July 1 to June 30
7,750,691 6,920,715 1,950.181 1,929,157
Ol.Oln.Ohlc.ASt.L.sJune 1,658,090 1,706,956
533.524
537,509
July 1 to June no
18,717,071 17,877,489 4,972,151 5,121,851
PeoriaAEas'n.a.. June
204,943
221,793
46,028
48,199
July 1 to June oo
2,518,750 2,488,303
654,112
821,949

.

10,029

43,679

9,9 13

Decrease.

31,524

1,065
5,392

174,fcO0

Net increase (7*07

$
179,819
956.000
208.167
3,866
351,85k
156,687
227.804
133.751
42.886

Increase.

i

Det. Gr. Hav. A Mllw.
Hocking Valley
Intern'l

211,343
1,160.000
223,992
4,387
251,413
182,904
181,071
133,959
44,414
570,363
76,386
133,03*
51,009
•489,500
39.519
91,503
11,048
49,071

1901

LXXV,

9
291,722
2,172.501
12,339
219,852

Previous
Year.
9
293,091
2,204,889
15.374
417,874

315,8)7
629,284

328,578

294,393
679,259

92,472
187,199

28,234
25,409

9,005
1,154

7.^,937

307,917 df.138.145 df.139,617
617,767 df.321,717 df.327,046
*27,349 df *13.074
79,142
*2 i,327 df.*113093
948,273
*791
*def882
8.731
*6,173
67.654
*23,799
157.946
82,955
32,152
1,857,362
547,581
651,640
5,181
9.977

*2,156
•5,912

•1,549
•3,942

300,916
615,241

•188,672
'324,354

*281.123
'856,097

—

)

..

August

9,

Gross Earnings.
Current
Previous
Tear,
Tear.

Roads.

$

Norfolk A We8t'n....June
July 1 to June 3i>

211. SOI
2,367,777

A San Fr.u...June

M6.032

.

•

$

Net Earnings.
Current Previous
Tear.

$
278.689
4, 125,?61
*281,525

After allowing for other income received.

STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all street railways from whioh we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two oolunin8 of figures give the gross earnings for the
latest week or month, and the last two oolumns the earning;
for the calendar year from January 1 to and including suor
latest week or month.
STREET RAILWAYS AND TRACTION COMPANIES.

—

Jan. 1

to

•—Qross Earnings.--*
Ourrent Previous
Tear.

Tear.

$
339,323
5,048,200
•91,017

Latest Qross Earnings.

287

,

192,299
2,268,051
388,359
4,601,932 2.660,782 *3,507,681

July 1 to June 3u.... 5,665,329
*

Latest Date.

Roads.
New York & Queens Co.bApr. lto June 30
Jan. lto Juno 30....
Pacific Electric b.. May

Wee.korJSo

Alton Ry. Gas AEleo February

American tt'ys. Uo.».
May
Binghmaton RR
June
Br'klyn Rap.Tr. Co.
Canton-M amnion Ry.

Our'nt
Tear.

Prev'us
Tear.

Ourrent Previous

$

$

11,415
101,158
17,19i

9,293
79.73^
15.678

S
$
23,050
19,265
608,258 403,352
74 266
£9,534
6,252 779 6,963,241
75,395
56,202

1,166,288 1,181,023

CharleBton Cons. Ry.
May
Gas & Elec
Chicago & Mil. Eler>
Cin. Dayton &Tol. Tr.
On. Newp. & Cov. Ry.
Citizens Ry. A Light
(Mueoatlne, Iowa).
City Elec. iRouifb.Ga.)
Cleveland Electric ..
Cleve. Ely A West...
Cleve. Palnsv. & E...
Dart & W'port St.Ry
Denver City Tram.. . April

18,944

12,910

77,457
17,750
40,521
77,545

38,044

6,874
3,589

214

Tear.

Tear.

17252

78,939

65,460

72,201

422,149

381,637

37,63*
20,7,7

•••••.

4.268

98*' 199. 69r

1

11,979
38,857
32.614
8,365
90,284
37,192

175,988

207,303
167,648
30,459
416,418
174,078

........

---. •...

122,92" 1.088,402
180 926 966,011

968,391
899 495
290,577
25.487
268,967
578.579

9496
97,802

577,362
63,50i-

7,493
58,19.
75,26e
69,341
3,835
7,994
........

327,674
28 14()
318 937
662,385

—

34,489
16,305

25,000

25,000

def.3,987

def.3,664

12,500

12,500

def.2,770

sur.1,080

57,076
228,247

56.313
223,917

18,958
80.771

16,619
56,550

147,824
59.679
36.192
430,116

44y,->86

11004

11,222
31,688

30,848

........

........

958,827 6,850,466 6,063,132

This index does not include reports in to-day's Chronicle.
Pace,.
Railroads. Etc.—
Railroads. Etc.— (Con.)—
Pane.
RutterickCo. (official statement). 238 Nat. Asphalt Co. of America state838
ment for years 1900 and 1902
Calumet & Heel* Mining
18J Oregon Short Line (abstract of 4
Central Coal & Coke Co
Det. Muck. & Marq. UK. land grant
p.c and particiuatiuggold'mort.)
mori. (Statement 1879 to ls<02)... 182 Southern IndiaDa
btkket Railways—
Montreal Light Heat & Power.... 23^
Chicago Union Traction Co

198,815
36.702 34,473
219,474
575.173 505.723 3,589 761 3,292,360
95,910
113.335
21 84b 19,59b
822,007
767,790
109,639 98,83a

St.

The following

183
243
837

182

Louis Railway.

June

30, 1902.

a comparative statement for three years
mileage of the road (1,195
miles), the operations of the Paducah & Memphip division,
254 miles, which were kept separate until Jaly 1, 1900, being
included in the earliest year for purposes of comparison:
1901-02.
1899-00.
190001.
is

past, covering the entire present

$7,992,530 $7,620,128
*5,622,114
5,111,126

Net earnings

$7,127,173
4,687,012

$2,370,416 $2,509,002 $2,440,161
$992,279 $1,022,350 $1,034,120
209.1H4
204,678
*62,080
625,878
623,231
625,878

Taxes

Sacramento Electric

&

Nashville Chattanooga

( Statement for the year ending

Interest

Rentals

$547,581

Balance, surplus

$651,640

$530,730

Includes $310,414 paid for equipment and for improvements on
P. & M. division.— V. 73, p. 1313.
*

....
22,571 16,926
598,928
122,683 112,901
671,284
........
...
..
37.240 32.745
868
1,745
107,1 9b 89,834 2,002.155
118.501
146,870
30,713 25,343
131,992 125,784 724,290 624,416
989,296
267,435 221,541 1,109,785

Vernon Ry

17,313

15,457

These are results for properties owned.
Results now include the Pittsburg Railway Co., operating the Conthe other controlled properties in Pittsburg.

Street Railway Net Earnings.—The following table give*
the returns of Street railway gross and net earnings received
this week. In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print each week all the returns received
that week, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
in the Chronicle of July 19, 1902. The next will appear
In the issue of August 23, 1902.
——Sross Mamings.——.
Nat Marntngt.——
Ourrent Previous
Ourrent Previous

—

—

Tear.

Tear.

Tear.

Tear.

Moods.
i
9
9
9
Brooklyn Rap.Tr. a June 1,165,288 1,181,023
448,283
433,136
July 1 to June 30... 12,789,705 12,101,197 3,837,490 4,130,563
Citizens' Ry. & Light(Musoatlne, la.). .June
Jan. lto June 30....
Lake Shore El. Ry.. June
Jan. lto June 30....

33.819
4,988
11,897

Annual Reports.— The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Investors' and Street Railway Supplements.

91,731
9,920

all

43,389
87,793

ANNUAL REPORTS.

116,061
10,422

and

45,268
90,387
7,241

i

22,641
1,547

solidated Traction

Tear.

Syracuse Rapid Tr.

26,370

t

Tear.

$

Apr. 1 to June 30
Jan. 1 to June 30....
Mar.
Pacitio Electric
dtaten Island Elec—
Apr. 1 to June 30
Staten Island Midland—
Apr. 1 to June 30...

Railways Co.Gen.—

i

Tear.

New York & Queens Co.—

Gross earnings
Operating expenses

<

7,494

—

,

Tear.

75,603

South Side Elevated. July
Toledo Bowl. Green
& South. Traction.. July
Toledo Rys. <fe Light. June
Wk. Aug. 2
Toronto Railway
Twin City Rap. Tran •JthwkJ'ly
Onion (N. Bedford)..
United Traction—
Albany City 5
United Tract. (Prov.i
Wash. Alex. & Mt.

12,343

Roads.

76,163

July

y72,932
y.478,936

and Surplus.— The following Street

Interest Charges

17,401

Louis Transit

y75,934
y307,702

railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
surplus or deficit above or below those charges.
Int. rentals, etc.
r-Bal. of Net JBam's.-*
Ourrent Previous
Ourrent
Previous

14,824

St.

13,580

Inoludes "other income."

Pottav'e Union Trao.

Gas& Ry

9,730

16,926

1,076,860

1,561

y21,336

22,571

Consol.Tr.(Pltte.) >
United Tr. (Pitts.)

Light Co's

y21,013

y77,878

20 264

693 319

ll,40i

y 102.785

56,647

Toledo Bowling Green
&. eouth'u Tract.. July

Apr. 1 to June 30....
July lto June 30....

731.650
199.432
53,482
39,188
569,404
36,462

245,563
33,201

T79.087
y93,7l5

56,327

159.795
615,160

1,176,014 1,053,134

225,119
244.239
186.456
38,9-0
601,110
213,321

Tear.

19,138

173,324
687,193

25.1t>8

4thwkJ'ly 13,137
Shore Line
Duiuth-Sup. Tract. 1
48,125
Duluthst. Ry..-. s
33.874
Elgin Aurora A Sou
10,53a
April
Galveston City
107,716
Eleot.
Georgia Ry. &
41,867
HarrleburgTr action.
Intern at' 1 Traction—
256.341
(Buffalo)
42,936
Lake Shore Eleo. Ry.
6,420
9.942
London St, Ry.(Can.) April
132,317
8.321
Mad. (Wis.) Traotion IJune
589.314
151,790
187.662
76 861
7.305
2ito\i .Loudon St. Ry.
67.631
Northern Ohio Tract June
86,971
Northwestern Elev.. July
82,920
Oakland Trans. Cons June
3.994
Ulean ot. Railway... March
8,533
45,796
Pacific Electric
Philadelphia Co. t )

Tear.

142,806
232,470

34,819

22,23t
128.392
107.026
79,557
65,450
17,747 15.749
52,980
11,805 11.269
49,494
481.348 435,296
124,516 116,354thwkJ'ly 101,645 98,088 1,908,935 1,667,652

Detroit United
Detroit & Port Huron

Net /earnings.—-*
Ourrent
Previous

160,261
258,892
45.796

36,234

y

—

Tear.

Staten Island Elec—
Apr. 1 to June 30
Staten Island Mi HandApr. 1 to June 30....
Syracuse Rapid Trans.—
Apr. i to June 30....
July 1 to June 30....

.

Gross
Earnings.

J

«

THE CHRONICLE

1902.]
/-

8t. L.

—

,

.

6,874
37,635
42,936
199,432

33,201
147,824

2,264
11,414
20,074

13,836
....

Norfolk

& Western

Railway.

(Statement for year ending June SO, 1902.)
Results for four years have been as below. The figures for
the two earliest years are as shown in previous annual reports; those for 1900-1 have been revised by the company,
the $16,179,069 gross earnings comparing with $15,785,442
gross on 1,554 miles, as given in the 1900-1 report, and the
surplus over dividends, $2,570,645, with $2,535,639.
EARNINGS, EXPENSES AND CHARGES.

190102.
190001.
Average miles operated..
1,660
1,679
Earnings—
$
$
Paeeengtr, mail and exp. 2,842,552 2,574,322
Freight

1899-00.
1,551

$

$

2,241,258
14,709,653 13,604,747 11,849,747

Total earnings
17,552,205
Operating expenses—
Malnt. of way and struct. 2,131,048
Malnt of equipment
2,834,586
Conduct'gtransportat'n. 4,853,109
Gen'l exp., incl. taxes...
817,484

2,104.887 1,558,803 1,536,633
2,863,935 2,034,383 1, 8^8,726
4,556.737 4,210,175 3,920,291
653,453
760,198
697,735
8,501,096
5,589.909

Prop.ofexp.togr'ssearns (58 p. o.)
(60 p. o.)
Fixed charges
2,367,777 2,2b8,051

2,273,639

10,136,228
7.415,977

1,981,399
9,845,740

16,179,069 14,091,005 11,827,139

9,785.757
6,393,312

Total expenses

Net earnings

1898-99.
1,561

(60

p. o.)

7,939,103
3.888,036
(67 p.

o.)

2,241,714

Surplus for dividend. 5,048.200 4,125,261 3,316,270 1,646,322
Dividends on preferred.. (4)909,924 (4)909,924 (4)909,716 (4)909,364
Dividends oncommon.. (1)1,289,384 (1)644,692
Balanoe, surplus

-V.

75, p. 30.

2,848,892

2,570,645

2,406,554

736,958

—

—

THE 0H20NICLE.

288
St.

Louis

& San

Francisco Kit.

(Statement for the year ending June 30, 1902. J
Results for the system compare with those for the preceding year as follows:
1901-02.
3,315
$21,620,882
13,472,471

Miles operated
Gross earnings

Operating expenses

Net earnings
Other income
Total net income
Fixed charges, taxes,

etc..

1900-01.

3,000
$19,824,279
11,391,477

Inc. or Dec.
Inc. 315
Inc. $2,296,192
Inc. 2,080,994

$8,148,411
177,701

$7,932,802 Inc.
176,810 Inc.

$215,198
891

$8,326,111
5,665,330

$8,109,612
4,601,933

1,063,397

Inc.
Inc.

$216,089

$3,507,679 Dec. $846,896
$2,660,783
in 1901-02 were 8,252. The
snrplus iu the last fiscal year is after deducting Kansas City
Memphis dividend and interest on the refundFort Scott
Surplus

The average miles operated

&

ing bonds

—V.

75, p. 240, 30.

Page Woven Wire Fence Co.
{Statement. of April

Cody

of*

1,

New

Jersey.

1902.)

& McMunn of this city and Chicago

recently offered

for sale $1,750,000 of the company's $2,000,000 first mortgage
sinking fund 20-year 5 per C6nt gold bonds, secured by a first
mortgage upon all the properties, and further secured by a
sinking fund of not less than $100,000 annually, to commence
within three years from April 1, 1902; North American
Trust Co. mortgage trustee. In conn rction with the offer-

[Vol.

Condition of Old Plants.— The old plants have, ever since the organization of the company, been maintained in the best physical condition, the sum of $2,470,881 having been expended for reconstruction, Improvements and repairs, and charged to operating and written
off against profit and loss as follows: From May 1,1899, to June 30,
1900, $893,014; July 1, 1900, to June 30, 1901, $566,622; July 1,
1901, to Dec. 31, 1801, $486,426; Jan. 1, 1902, to June 30, 1902,
$524,818.
Obe Supply.— In our report of last January we showed the northern
ore supply of the company to be In excess ot 14.000,000 tons, or sufficient for the requirements of our northern blast furnaces for a period
of twenty -eight years. Since then we have added, by way of favorable
leases, l.OOO.OOO tons of Bessemer ore on the Missabe range.
Balance Shest and Profits —The inventories are stated in the
balance sheet at cost prices for raw material and at less than cost
prices for finished material. The profits during the last six months
have not only been sufficient to provide for the preference dividend,
but have also increased the surplus of the company to almost $2,000,000. All our properties are free from mortgage indebtedness, and the
available quick assets are largely in excess of the floating indebtedness.

The orders now on the books, the decreased cost of production and
inoreased tonnage to be derived from new construction, jastlfy the expectation that the earnings during the next year will be suffloient to
pay the preference dividend and the cost of the new improvements In
process of construction, and also add substantially to the available resources of the company.

Annexed to the report is a map, showing the location of
the various properties of the company, as well as a tabulated
statement of its supply of raw material and of the capacities
of its plants.
Status. Results for three years
1902.

—

have been as follows:
1900 01.

(12 mos.)

plant.

ADRIAN PLANT FENCE SALES.
Year.

Sales.

Profit.

Year.

Sales.

Profit.

1901
1900
1899
1898
1897
1896

$1,532,679
746,142
924,150
738,955
518,013
478,650

Not

1895

reported.

1894.

$468,339
389,249
222,161
182,900
125,760
78,020

$87,766
64,970
40,692
43,642
19,441
10,101

$232,980 1893.
61,429 1892.
51,430 1891.
84,310 1890.
Adding to the Adrian sales as above for 1901 ($1,532,679) the sales
of the Monessen plant ($1,271,186), tue total sales were $2,803,865;
net profits, $372,944; deduct interest and extraordinary expenses,
$31,376; balance, surplus, $341,568. The fence sales for the three
months ended March 31, 1902, show an average increase over the
same period of 1901 of 84 per cent.
During the year 1900 the company was oompelled to refuse over
$300,010 of orders for want of wire owing to adverse market conditions before the company began to manufacture its own wire. In
August, 1900. the company completed Its steel-rod and wire-mill
plant at Monessen, Pa., 39 miles from Pittsburg. The company is
fully equipped by means of this plant to manufacture from pig Iron
and scrap the finished wire required for its fenoe manufacture, making it substantially independent. The Monessen plant le also equipped
with looms for weaving fenoe for the Eastern trade. A considerable
business in the manufacture of wire nails and staples Is also done here.
The Monessen plant has a 24-hour-day capacity of the following
productions: Steel, 100 tons; steel rods, 200 tons; galvanized wire,
150 tons. At a normal cost of production the above output should
yield an annual net profit of not less than $600,000; to this should be
added a conservative estimate of the net profit on $2,000,000 of fenoe
sales, which, at the present market prices for steel rods and wire,
would be at least 15 per cent, or $300,000, making a total net profit of
$900,000. The interest charge on the bond issue calls for $100,000;
sinking fund, $100,000; leaving balance, surplus, of $700,000.
BALANCE SHEET APRIL 1, 1902.
Assets—
Liabilities—
Cash
$308,075 Common stook.
$5,000,000
Aocounts receivable...
377,355 Preferred stock, 7 p. o.
xl,000,ooo
Bills receivable
non cumulative
20,081
Merchandise....
150.000
751,846 Surplus
.,
Real estate, plants,
Undlv'ded profits
120,692
tools, eto
2,412,769 Notes payable
755,562
Treasury bonds
250,000 Aocounts payable
68,778
Franchises, patents and
Customers' advances..
25,194
business
5.000,000 1st M. 5s, due 1922 .... 2,000,000
Total

$9,120,126

Total

$9,120,126

x Common and preferred share in dividends pro rata after both
have received 7 per cent.— V. 74, p. 883.
Republic Iron & Steel Co.
{Report for six months ending June

SO, 1902 J
President Alexis W. Thompson says in substance:
New Construction.—The most Important events during the last
six months were the completion of the new blast furnace and other
Improvements in Birmingham, and of the new billet mill at Youngstown. The Dew blast furnace has a dally capaolty of 300 tons and is
furnished with all modern equipments. It was blown In on the 13th
day of June, 1902, and has since been successfully operated. We have
also Installed two new blowing engines at our Pioneer Furnaoes, Nos.
1 and i thereby greatly increasing their oapaolty. We have enlarged
our coking plant at Birmingham to a battery of 910 ovens.
We have completed the opening of the Pratt seam of coal in the Birmingham district and are now mining 2,000 tons of coal per day from
this seam, as well as 1,200 tons per day from the Newoastle seam. The
coal produces ooke of superior quality and in sufficient quantity for
all our requirements. The billet mill is operated in connection with
our steel plant at Youngstown; it was successfully started during the
month of April, 1902.
The company is now commencing to derive the benefits of these important additions, and duriDg the next twelve months it will be
further strengthened by the enlargement of its Bessemer plant from
,

the present daily capaolty of 1,000 tons to a dally average capacity of
1,500 tons by the construction at our Youngstown works of three new
continuous mills, and of another such mill at the Mollne plant. The
contracts for this additional new construction on June 30 amounted
10*574,612. The total sums expended for entirely new construction
since the organization of the company in 1899 up to the date of this
report amount to $4,885,563.

Profits

8,260,077

x 1,034,248

5,684,101

1,011,215

566.622
158,527

1,097,358

Deduct—
Impr'm'ts and repairs (also
depreo'n of plantsln '99-00)
Depreciation of material
Raservefor bad debts

893,014
50,000

Net profits

309,099

2,248,832
1,424,107

Dlv. (7% per an.) on pf. stook

Balance
Previous surplus

1899-00.
(14 mos.)

(12 mos.)

,

ing the following data were furnished:
The company began business April 1, 1902, as successor of the Page
Woven Wire Fence Co. of Illinois, a company incorporated In 1889,
with a plant at Adrian, Mich., for the manufacture of colled-spring
wire fencing. The Adrian plant has a capacity of more than 65 tons
of woven-w ire fence each 24 hours. The growth of the business from
the sear 1889 to the present time Is illustrated by the following record
of the net sales and profits as certified by the New York Audit Co.
(all freights and discounts deducted.) This only shows profit in
fence department, and does not include business of steel and wire

LXXV.

3,643,729
1,421,679

1,421,483

sur.824,725 def. 1,112.384 sur. 2,222,050
1,109,666
2,222,050

Total surplus

1,934,391

1,109,666

2,222,050

x After deducting
while idle

$256,196 for maintenance and repairs of plants
during July, August and September, 1900.

BALANCE SHEET JUNE
1902.

Assets$
Plants, 4c
41,411,333 41,093,724
New construction 4,385,5H3 2,S82,37rt
St'k in

sundry cos.

New gas pipe lines,
insurance,
Accts.

&

bills

147,200

Bills

245,171
100,675

Dtv. paid July 1...
Due on coal lands.
Res've for tax. &c.
Reserve for possi-

3.046.H50

3,3<!8.850

2,527,209
1,127,107

1,125,186

Total

1901.

and accounts

163,200

822,424

rec. 3,359,216

Cash

1902.

liabilities—
$
Preferred stock... 20,,35ti,900 20,306,910
Common stock .. 27 ,19l,0u0 27,191,000

payable

&c

z Extraord y imp..
Materials and sup.

30.

1901.

ble losses
Protlt and loss

Total...

53,812,572 50,952,316

z In excess of provisions for same.— V. 74,

,636,323

36H,24H
148,000
120,380
69,334

1 ,£•34,389

1.685,351
355,371
186,000

47,386
71,612
1,11 9,066

...53,812,572 50,952,316

p. 1143.

GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Arkansas Valley & Western Ry.— Reported Purchase. —
Mayor Jones of Oklahoma City is reported to have purchased
the stock of the company for Eastern capitalists, who will, it
is said, construct the road from Red fork, on the St. Louis
San Francisco, to Enid, Garfield county, Okla., on the Rock
Island system.— V. 75, p. 183.

&

Atlantic Yaldosta & Western Ry.— Transferred.— See
Georgia Southern & Florida Ry. below.— V. 74, p. 1307.
Barclay RR. Consolidation. See Susquehanna & New

—

York RR. below.
Brunswick & Birmingham RR. Purchase —The Tifton&
Northeastern RR., extending from Tifton to Fitzgerald, Ga.,
25 miles, is under option of purchase for a sum reported as
The T.
N. E. at last accounts had outstanding
$250,000.
$75,000 stock and $50,000 bonds.
Control has also been acquired of the Ocilla
Worth RR.,
projected from Ocilla, Irwin Co., to Worth, Worth Co.—

&

&

V.

75, p. 134.

Buffalo & Susquehanna RR.— Called Bonds.— First mortgage 5 per cent bonds of 1893, to a total of $92,500, called for
payment, will be redeemed at par and accrued interest on
Oct. 1, 1902, at the banking house of Harvey Fisk & Sons,
No. 29 Nassau St. Interest will cease on Oct. 1, 1902.—V.
75, p. 76.

Burlington Cedar Rapids & Northern Ry.— Cash for
Tne minority stockholders' protective committee
announces that it has practically completed an arrangement
whereby the stockholders will receive $220 per share in cash
Stock.

—

for their holdings. Assenting holders are requested to deposit
Trust Co., 46
tbeir stock with the New York Security
Wall St., in exchange for certificates of depoeic. entitling the
holder to payment as aforesaid, before Aug. 20, 1902. It is
expected that the funds required for the payment will be
understand that the holders of an
available by Aug. 10.
appreciable amonnt of the stock decline to accept this offer.

&

We

— V. 75, p. 28.
Burnsviile

&

Eastern

RR.— See

Little

Kanawha RR.

be-

low.

Central

New England Ry.—First Train.—The

first train

over the recently completed Springfield branch was to be run

—

:

August

THE CHRONICLE.

9, 1903.]

on Aug. 2 from the Boston

&

Albany station

in Springfield to

Tariff ville.—V. 78, p. 337.

&

Central of Georgia Ry.— Equipment Trust.— Blair
Co. have agreed to famish the company with 500 box cars of
80.000 pounds capacity for $2S8,000, of which $256,000 to be
represented by $1,000 £% p. c. conpon car-trnst notes, payaPayble in sixteen semi-annual instalments of $16,000 each
ments of principal and interest are to be made on March 1
and Sept. 1 of each year, the first payment on March 1, 1903.

—V.

74, p. 477,

&

Chicago

Alton Ry.— Called

Bonds.—The

following

Mississippi River Bridge Co. bonds, viz., Nos. 21, 78, 216, 266,

and 660, have been
redemption Oct. 1, 1902, at the office, No. 120
Broadway.—V. 74, p. 326.
Chicago & Eastern Illinois RR.— Offer for Stock,— Provided two thirds of the capital stock shall be deposited with
the Colonial Trust Co.. No. 222 Broadway, on or before
Sept. 15, the St. Lcnis & San Francisco RR. Co. announces
that it will deliver its stock trust certificates in exchange
369, 381, 396, 452, 490, 517, 528, 642, 654

called for

for the deposited shares as follows:
In exchange for preferred stock, preferred stook trust certificates
(payable July 1. 1942.) at the rate of $150 thereof for each *10O share
of preferred stock. These trust certificates will entitle the registered
holder to quarterly dividends thereon of $1 50 (Ha p. o.) in respeot of
each share of preferred stock on each first day of January. April, Jaly
and Ootober, oegtnning on the first day of January, 1903. The pre
ferred stock •will not be transferred uatil after Oct. 1, 1902. so that
any dividend for whioh the books may be olosed prior to that date
will be payable to the registered holders of the deposited preferred

289

—

Denver Northwestern & Pacific Ry.— Construction
Stock— Bonds.— President David H. Moffat is quoted assaying:

Our finanoial arrangements have been perfeoted and the work incidental to the building of the

line

is

now

rapidly progressing.

be completed within two years to Salt Lake City.
We hope to let the contract for the large tunnel through the
main range of the Continental Divide in September. This Is one of
the most Important pieces of work on the division, and will require
possibly two years to oomplete. During this time the trains will
cross the range by swltoh-baok tracks.
The length of the road from Denver to Salt Lake is about 500 miles,
and by arrangement with Senator Clark and his road, the San Pedro
Los Angeles & Paoific, we shall establish a line passing through Colorado, Utah. Nevada and California. Feeders will oonneot us from the
far Northwest.
The Denver Northwestern & Paoiflo will reduoe the distance by railroad over 235 miles, and it will pass through a virgin territory.
Already there is a rush into the territory of prospeotors and settlers.
The Mercantile Trust Co. of New York will act as trustee for the
mortgage of $20,000,000 when issued on the property of the Denver
Northwestern & Pacific. It is not definitely determined when the
bonds will be issued. It depends on necessary preliminaries. The capital stock is $20,000,000, of which $10,000,000 is preferred stook, 5
per cent non cumulative.

The road

will

H. A. Sumner, who has been made Chief Engineer, is
as an engineer of much ability and wide experience;
he has recently been with the Rock Island, and before that
was with the C. B. & Q. -V. 75, p. 239, 184.

known

Fair Haven

&

Westville RR.,

New Haven, Conn.— Strike.

—The city's entire street railway system was tied up on Aug.

by a strike of the company's conductors and motormen.
The men complain of "long hours, arbitrary management,
unjust treatment and discharge without cause," The strike,
stock.
In exchange for common stook, common stock trust certificates however, is said to be mainly due to the refusal of the com(payable July 1, 1942,) at the rate of $250 thereof for each $100 share pany to reinstate twenty-seven employes, whose dismissal,
of suoh ooinmon stook. These trust certificates will entitle the regismen say, was solely because of their identification with
tered holder, until payment, to semi-annual dividends thereon of $5 the
labor-organization interests. The sympathy of the public is
(5 p. o.) in respeot of each share of common stock on each first day
January and July, beginning on Jan. 1, 1903.)
the above it will be seen that the proposition is to
take over Chicago & Eastern Illinois preferred stock on a 6per-cent basis and the common stock on a 10-per cent- basis.
To exchange the entire outstanding share capital as proposed
will require the issuing of about $18,000,000 of 4 p. o. common stock trnst certificates and about $10,250,000 of 4 p. c.
preferred stock trust certificates, entailing a total dividend
charge of about $1,130,000, contrasting witb. the $750,721 distributed as dividends during the year 1900-01.
From the office of the Chicago
Eistern Illinois RR. Co.
was issued the following statement, signed by H, H. Porter,
Flower & Co., George H. Ball and Henry Seibert, in support
of the proposition:
The undersigned believe the foregoing offer to be advantageous to
the stockholders of the Chioago & Eastern Illinois Railroad Co. and
have agreed to accept it as to all stook, preferred or oommon, owned
or controlled by them. The stock trust certificates therein mentioned
and the trust agreements under whioh they will be issued have been
examined and approved by counsel actltg in behalf of the undersigned, and suoh trust agreements will, iu the opinion of the underof

From

&

signed, properly safeguard the interests of the holders of stock trust
certificates.

—

Connecting Line. See St. Louis
low. -V. 75, p. 239,28.

&

San Francisco

RR

be-

6

with the

men.— V.

75, p. 77.

Georgia Southern
Western.— On Aug.
properties of

agent."—V.

& Florida Ry.— Atlantic

Valdosta

&

company began operating the
the Atlantic Valdosta & Western Ry. Co. "as
1

this

74, p. 987.

—

RR.— Subscriptions. The Title Guarantee
of Portland, Ore., is receiving subscriptions for
the $1,000,000 capital stock ($10 shares) of the Empire Construction Co., organized to build the Great Central RR. from
Salt Lake City, Utah, to Coos Bay, Ore.; also the Belt Line
RR. around Coos Bay. It is said that $600,000 of the stock
has already been subscribed, See Denver North Western
Pacific above.
Great Central

& Trust Co.

&

Great Northern Ry. Reduction in Bates.— A press despatch states that following the secoud meeting between the
presidents of leading railroads and the Eastern Washington
farmers held at Colfax, Wash., on Aug. 5, President Mohler
of the Oregon RR. & Navigation Co. (Union Pacific System)
announced that on or before Aug. 15 his company and the
Great Northern and the Northern Pacific will give a 10 per
cent reduction on wheat shipments to Pacifio Coast terminals.
President Mellen, representing the Northern Pacific, and
President Hill, representing the Great Northern, it is stated,
also announced that the same reduction will be given on
wheat shipments to Minneapolis, Duluth and Chicago. V.

Ciucinnati Indianapolis & Western RR.— Meetings to
Approve Consolidation. The shareholders of the Ciucinnati
Hamilton & Indianapolis and the Indiana Decatur & Western roads will vote August 28 upon the plan approved last
week by the directors to unite those roads and the Decatur 75, p. 29.
& Springfield RR. (a 42-mile extension from Decatur to
Guayaquil & Quito Ity„ Ecuador.—Status.— See EcuaSpringfield, 111.,) under the title of the Cincinnati Indian- dorian Association under "Industrials" below,— V. 74, p. 1355.
apolis & Wesrern RR. The directors represent a majority of
Hamilton Glendale & Cincinnati Traction Co.— Consolithe stock and the plan is therefore certain to be ratified,—

—

—

V. 75,

dation.— See Millcreek Valley Street RR, below.

p. 289.

Cincinnati Lebanon

& Northern Ry.— Mortgage.— The

shareholders will vote August 30 on making a mortgage to
secure 51,500,000 bonds.— V. 74, p. 1251.

(The) Columbus & Lake Michigan RR.—Successor Com
pany.- This company has been incorporated as successor of
the Columbus Lima & Milwaukee RR., recently sold under
foreclosure.
The new corporation is authorized to issue
capital stock at the rate of $20,000 per mile, of which $10,000
per mile will be preferred 4 p. c. non-cumulative and $10,000
will be common stock, all in $100 shares. There will also be
an issue of bonds at tot exceeding $20,000 per mile to meet
the cost of acqniiiog the property and to provide for future
additions, etc. The present bond issue will be $800,000, consisting of gold 5 per cents dated Sept. 1, 1902, and due Sept.
1, 1922, interest March 1 and Sept. 1.
The road extends from
Lima, O., to Defiance, 40 miles, and is almost completed.
The articles of incorporation permit the operation of a road
from Columbus, O., northwesterly, via Lima and Defiance,
to Lake Michigan, over 200 miles. The officers are
President. Gen. Geo. A. Garrettson; Vioe- President, Elliott C. Smith;
Tt
u rer « E> HoDe Norton of E. H. Norton <fe Co., 33 Wail St.— V. 74,
?o5 .
p. 1307.

Coxsacfcie

&

mortgage

Greenville Traction Co.— Bond

Sale— First

5s of 1925 to the amount of $20,000 with coupons of
February, 1910, attached were sold at auction last week for
$210 for the lot.

Delaware Lackawanna &

iono

end.

0_

6monihs~
J

90 *

_v Wa

"ViVa"

June 30 were:

Net
earnings
**75,884
943,511

Interest,
taxes, etc.

$615,862
618,459

stir, or def.
def.$139,978
sur.325,052

3,359,995

1,298,234
1,829,198

1,232,290
1,237,983

sur.65,944
sur.591,215

>

*> 0u *> 800

Illinois Central RR.— Called Bonds.—Fifty sterling 5 p. c.
sinking fund bonds have been drawn for redemption at par
at the office of Messrs. Chaplin, Milne, Grenfell & Co., Limited, London, on the 1st day of October next.— V. 74, p. 1308.

—

Interborough Rapid Transit Co.—Increase of Stock. The
shareholders will vote Aug. 26 upon a proposition to increase
the capital stock from $25,000,000 to $85,000,000.— V. 75, p. 184.

Kansas City Beatrice & Western RR.— Mortgage'.—This
company, incorporated early last May to build about 100
miles of road from Beatrice to Grand Island, etc., Neb, has
made a mortgage to the Union Trust Co. of Philadelphia as
trustee to secure $500,000 bonds. The officers are:
President, J. E. Smith, Beatrice; First Vice-President, W. S. Lambert. Philadelphia; 8eo >nd Vice-President, 8. C. Smith. Beatrice;
Treasurer, J. R. Kauoher, Philadelphia; Secretary, O. J. Collman,
Beatrice.

RR.— Quarterly.—
in New York State

dross
earnings.
6
9
2 ' 040 683

*H H2

}%$

& Elizabethtown RR.— Foreclosure Sale.—
foreclosure sale in Hodgenviile, Ky., on Aug. 1, the
property was bid in for the Illinois Central for $65,000 by
James S. Pirtle.— V. 74, p. 1139.
Hodgenviile

At the

Western

learnings of the company's leased lines
for the quarter ard tne six months ending

3mos

Harriman & Northeastern Rj.'—Sold.— President Bird M.
Robinson is stated to have purchased this road, extending
from Harriman, Tenn., to State Mines, 20 miles, from the
Harriman Land Co. for $80,000 cash and the assumption of
$150,000 bonds due in December, 1902.—V. 72, p. 988.

Balance,

Kona & Eau
is

Ry., Hawaii.— Bonds Offered.—-This company
offering at par ($100 each) $300,000 of its first mortgage 6
c. bonds described as "underwritten by the Pacific Coast

p
Underwriting Co. and guaranteed by the Germania Bank &
Trust Co., San Francisco, Cal." The railway company owns
right of way from Kealakekua Bay on tho western coast to
the terminus of the Hilo RR., a distance of 120 miles, through
rich agricultural and timber land. Surveys have been completed and $350,000, it is said, has been expended in con-

—
——

—

:

-

THE CHRONICLE.

290

[Vou LXXV.

The harmonizing of the service, howand the abolition of the brancU offices of the Cromwell

Southern Pacific Co.

struction, grading, etc.; total estimated building expenses,
The officers are:
$1,219,000.
President and General Manager, J.Coerper, Hawaii (present address
No. 32 Broadway, suite 92 93, New York City, N. Y.); Vice-President,
Hon. Gardner K. Wilder. Hawaii; Secretary, Charies T. Wilder, San
Francisco; Treasurer, Harry Aimitage, Hawaii; Auditor, Henry C.
Birbe, Hawaii. Other directors; C. W. Ashtord of Hawaii and E. H.
Aigeltinger of San Franolsoo, Cal.

ever,

Line are in progress, as is the expenditure of more than $1,000,000 in making Galveston a terminus for the steamship
service of the Southern Pacific Co.— V. 74, p. 268.

Mancie Hartford & Ft. Wayne Ry.— Increise of Stock.—
The authorized capital stock of this Indiana corporation has
Company offices: Emma Spreckles building, San Francisco, been increased from $100,000 to $1,000,000. The company
and Kealakekua, Hawaii.
proposes to build from Muncie through Hartford City, Moat
Lake Cities Electric Ry., Michigan City, Ind.— New Re- pelier and Biuffton to Fc. Wayne.
ceiver.
Judge John H. Baker on application of trustee for
New Albany RR.— Sold.— See United Gas & Electric Co. of
the bondholders his appointed A. L. Boyd as receiver to suc- New Albany and Jeffersonville, lad., below.— V.
72, p. 1080.
ceed 1. 1 Spire.— V. 66, p. 288.
New
Orleans & North Eastern RR.— New General Mort
Lake Shore & Michigan Southern fly.— Listed.— The New gige.—The new general mortgage to the Farmers' Loan &
York Stock Exchange has listed $701,000 addiiional 314 P er Trust Co., astrustee, secures $8,000,000 of V/ p c. $1,< 00 gold
2
cent 100-year bonds of 1997, making the total $43,820,000. bonds dated May 1, 1902 and due Jan. 1, 1952,
with interest
In exchange payable Jan. 1 and July 1. Of the new bonds
The additional bonds were issued as follows
$6,372,000 are
for outstanding second mortgage bonds, $192,000, and for issuable only to retire a like amount of old bonds, viz.: $1,premium allowed thereon, $9,000; sold for money, $500,000 372,000 prior lien bonds and $5 000,000 first mortgage bonds,
The present " outstanding old bonds" consist of the balance per plan in V. 74, p. 681.— V. 75, p. 185.
of the 7 per cent second mortgage issue due Dee. 1, 1903,
New Orleans Railways. Mttnicipal Electric-Light Plant
amounting to $6,120,000. -V. 74, p. 1355.
Proposed. — The Finance Committee of the New Orleans City
—
Lake Street Elevated RR., Chicago. Reorganization.
Council on July 28 reported favorably the bid of Herbert A.
The "Chicago Economist" says:
Builard of Cincinnati for the construction of a municipal
A reorganization plan will be annonnoed about the first of Septem electric lighting and power system for $1,369,611.
Opposition
an assessment has developed among some leading

—

:

to

ber.

Offer Explained.— President H. H, Pearson Jr. sent out
under date of July 31a letter explaining the offer made for

stockholders, but that the road must have a large amount of fresh
capital in order to lake fair advantage of its opportunities, and that
its financial status should be simplified, is everywhere conceded.
When the plan Is announced it will probably be found that the terms
upon which the needed new capital is to be seoured and the securities
to be given therefor will be satisfactory to all concerned.— V. 74,
p. 1355.

the stock of the St. Charles Street RR. The letter says:
We will pay for not less than 51 p. c or for all, of your stook that Is
deposited within fifteen days from date, $210 per share in the following manner: $50 in cash as soon as 51 p. o. of the stook has been deposited with the Hibernia Trust & Banking Co., local trustee, and the
balance of $160 per share payable within two years with interest at
the rate of 5 p. o. per annum, payable semi-annually; or Instead of
paying the $160 in cash, as aforesaid, the New Orleans Railways Oo.
to have the privilege of making the eahl payment in a 40-year 5 p. o.
bond, Interest payable semi-annually, seoured by the shares of stook
so deposited; the Issue of said bonds n >t to exoeed $160 per share of
stock deposited and said bonds shall also have the full guaranty of
the New Orleans Railways Co.
A pledge will be drawn up whloh will provide that until the stook
deposited has been settled for in full the stootc deposited shall never
be voted for the purpose of increasing the capital stook. nor for the
purpose of plaoing a mortgage upon the property, except to secure
said depositing stockholders. In the event of the failure of the New
Orleans Railways Oo. In any of the above agreements. $30 per share
shall be forfeited to the shareholders, and the trustee shall on demand
return to them their certificates of stock.— V. 75, p. 185, 135.
,

Lehigh Valley Traction Co.— Increased Dividend.—The
company paid a quarterly dividend of \% per cent on the
preferred stock Ang. 1. One per cent quarterly had been
paid previously.— V. 74, p. 7-28.
Little Kanawha RR.— Connecting Line. The Burnsville
<& Eastern has been incorporated in West Virginia to build a
40-mile connection between the West Virginia Central
Pittsburg and the Little Kanawha roads. The incorporators
are officers of the Little Kanawha. V. 73, p. 1112.
Metropolitan Street Ry. New York.— Lasted.—The New
York Stock Exchange has listed $12,780,030 4 p. c. refunding
100-year coupon mortgage bonds, of which $11,000,000 were
offered by Kuhn, Loeb
Co. last May. (See V. 74, p. 1308.)
These $11,000,000 of bonds were issue! to the Iuteruroan
Street Railway Co. (in Dart consideration for a payment of
$23,000,000). The remaining $1,780,003 have been sold for refunding the following existing obligations, which have; been
or will be retired:
$1,200,000 of consolidated mortgage 7 per cent bonds of the Central
Park North & Kast River BR. Co., whloh mature Deo. 1. 190^; $50,000
of first mortgage 6 per cent extended bonds of the 23d 8treet Ry. Co..
and $50,000 of first mortgage 6 peroent extended bonds of the 4'Jd
Street & Grand Street Ferry RR. Co., whloh bonds were called for redemption at par on July 1, 1902, and two bonds aggregating $350,000 seoured by mortgage upon a portion of the company's real estate.
Earniri gs.— For year endine; Mar. 31, 1902, earnings were:
Gross, $15,409,817; net. $8,023 934; other income, $456,824;
fixed charges, $4 815,421; dividends (7 per cent), $3,640,000;
balance, surplus, $25,337.—V. 75, p. 135
Metropolitan West Side Elevated Ry. (Chicago).— Dividend. A dividend of 1% per cent has been declared on the
preferred stock, payable Aug. 30, making, with the payment
in February, 2% per cent for year 1902.— V. 75, p. 29.
Millcreek Valley Street Ry.— Consolidation Lease. The
stockholders of this company and the Hamilton Glendale
Cincinnati Traction Co. will vote Aug. 27 upon the question
of consolidating the companies and of then accepting the
lease proposition made some months ago through W. Kesley
Schoepf of the Cincinnati Traction Co. Under the lease, the
latter will guarantee 5 per cent interest on $1,100,000
of preferred stock and dividends on $1,000,000 common
stock, starting at
per cent and increasing gradually to 4^
per cent. The " Cincinnati Enquirer " says:
The option held by the Cincinnati Traotion interest on the Millcreek
Valley S reet Ry. having expired on Aug. 1. the option has been
renewed for 30 day., more, and it is 'bought that by the expiration of
this period the, legal complications from whloh the Miiloreek Valley is
desirous of freeing itself will be gotten rid of, and the way will be

—

&

—

&

New York & Brooklyn Tnnnel RR.— To Be Leased by
Manhattan Transit Co. A press dispatch from London gives
J. H. Hoalley, of the International Power Co., and G. S.
Drummond, of the Manhattan Transit and British Traction

—

companies, as authorities for the statement that contracts
have been signed in London for the construction of a transit
tunnel from Park Place, New York, to Brooklyn, by the New
York & Brooklyn Tunnel Co., and that ihe Manhattan TranCo. (V. 75, p. 80) will lease and operate the tunnel, operating therein its electric omnibuses.— V. 72, p. 1035.
sit

New York Central & Hudson River RR.— New York Terminal Plans. Chief Engineer William J. Wilgus, referring
to Mayor Low's statement as to the proposed terminal improvements in this city (see V. 75, p. 240,) has given out the
following additional information
The cost of the undertaking is estimated at $20,000,000. The plan

—

involves the equipment with eleotrloiry on toe main line from Croton
to 42d St. and on he Harlem line from White Plains to the s»me point.
Six power stations will be established, each of IOO.OOj horse power.
Large yards will be built at Croton and White Plains, which stations
will be made the terminals of the steam traffic of the road. A large
three-deck union station will be built In the borongh of the Bronx,
whioh will serve as a connecting point for the Cen r ral lines, the Inter

—

—

—

i

&

urban Railway system and Manhattan Elevated Railway, and will be
» great olearing house for suburban traffic The Grand Central Station will be used exclusively for through traffic
Suburban traffic will be operated by third rail; through trains by
electric looomotlves to Oroton and White Plains, wh»re steam locomotlves will be attached. The Park Avenue tunnel wi 1 be lghted by
eleotrlcity and t e number of trains running through it reduced by sO
per cent. The oapaolty of the yard at the 42d St. station will be
doubled.— V. 75, p. 240.

%

New York Chicago &

it is

1902
1901

& Texas Uj.—Purchase.— The company,
purchased the right of

stated, recently

&

way and

—

75, p. 185, 135.

Monterey & Mexican Gnlf RR.— Preferred Claims.—
The District Court of Mexico is reported to have ordered the
Mexican Central to pay immediately preferred claims aggre
gating more than $1,000,000. United States currency, the
larger sums being
J. A. Robertson, $340,000
Morris R.
Lecky & Co., $126,856; John J. Fisher, $110,000.— V. 74.
:

;

p. 937.

Morgan's Louisiana & Texas RR. & Steamship Co.— Steamships.— Considerable has been said in the daily papers this
week regarding a reported purchase of the Cromwell Steamship Line by the Southern Pacific Co. and its pending merger
with the steamship line of the Morgan's Louisiana & Texas.
As a matter of fact the purchase of the Cromwell Line was
effected during 1901, as is shown by the last report of the

3,361,964
3,582,853

—V. 75. p. 133.
Northern Pacific Ry.
Northern Ry. above. V.

fran-

chise of the Trinity Cameron
Wtstern Ry., a line abandoned several years ago after thirty miles of grade between
Georgetown and Granger had been completed (V. 62, p. 1140).

—V.

Louis

RR.— Quarterly -Earn-

6 months—

clear to the completion of the deal for the lease of the road to the
other company.— V. 67, p. 530.

Missouri Kansas

St.

ings for the quarter and the six months ending June 30 were:
Interest,
Balance,
Gross
Net
Other
3 tnos. end.
surplus.
earnings,
earnings, income, taxes, etc.
June 30—
$1,607,319 $493,240 $17,»83 $.22,552 $1S8.671
1902
2S1.124
300,945
1,797,056
624,320
7,749
1901

j
'

j

937,627
959,081

23,763
12,257

633,537
615,240

Reduction in Rates.

— See

324,853
356,098

Great

75, p. 30.

Northern Securities Co.— Peter Power in Contempt.—In
the United States Circuit Court on Wednesday afernoon
Judge Lacombe sentenced Peter Power, the complainant in
the Northern Securities case, to thirty days in Ludlow Street
Jail for contempt of court in having persistently disregarded
the summons to appear for examination. The Judge also
directed that Power's lawyer, George Alfred Lamb, be examined on Aug. 20, to show cause why he should not be punished for unprofessional conduct.— V. 74, p. 240, 135.
Oregon RR. & Navigation Co.— Reduction in Rates.—See
Great Northern Ry. above.— V. 75, p. 884.
Peoria & St. Lonis Ry. Promoter Bankrupt. See Peoria
& Springfield Ry. below.— V. 72, p. 937.
Peoria & Springfield Ry.— Promoter Bankrupt.— Dmght
L. King, promoter of this company, has filed a voluntary petition in bankruptcy in the United States District Court at

—

August

9,

THE CHRONICLE.

1902.]

Spi mgrieui. Hi. Assets, $400; liabilities, $6i>,0t)0, including,
with othera, C. M. Croysant, Besaucon, France, $15,892;
Blair Girling, London, $12,625, and P. M. Johnston, St. Elmo,
111., $19,574.— V. 73, p. 1357.

Philadelphia Rapid Transit Co.— Called Bonds,—Twentytwo Philadelphia Traction 4 per cent collateral trust bond* of
1917 have been called for payment at 105 and interest, on and
after Aug. 15, at the office of the Penna. Co. for Ins. on Lives
& Granting Annuities. V. 75, p. 185, 78.
Pittsburg Stiawniut & Northern RR.— New Mortgage.—
The New York State Railroad Commission has sanctioned
the making of a first mortgage for $15,000,000, to retire ex
isting bonds and for new construction. The company has

—

291

in connection with the Detroit Southern, an outlet to
Detroit and the Great Lakes, V. 75, p. 78.

it,

—

Springfield (111.)
(Electric) Ry.— Called
Bonds. The entire issue of $125,000 first mortgage bonds,
made in 1890 by the Springfield City Ry. Co., has been called,
and will be paid on Sept. 1 at 105 and interest by the Mercantile Trust Co. of this city.
Co. of PhiladelReport Denied.— Messrs. E. W. Clark
phia say: " The report that we are undertaking the consolidation of this property with the electric- light properties is
incorreot. We have nothing to do with it.- V. 67, p. 224.

Consolidated

—

&

Staten Island Electric RR,— Sold.— At the foreclosure sale
Wednesday the properties of this company and the New
on
issued $G,0>)0.000 of the new fifty-year 4 per cent bonds,
& Staten Island Electric Co. were purchased for $250,secured by this mortgaee, in exchange for the old bonds, as York
and
000
$10,000, respectively, by William L. Bull, Chairman
per plan (see Investors' Supplement). There are $184,000
of the Reorganization Committee. The successor company,
old bonds which did not come in under the
of the

plan, and
these bonds have received their interest, as the bondholders'
committee did not care at this time to proceed to foreclosure. The remainder of the old bonds, some $6,000,000, have
not been canceled, but are held in trust for such action as
the company may see fit to take in the future in the interest
of the new bonds.— V. 75, o. 30.

per plan in V. 74, p. 1091, 1253, will be the Richmond Light)
& RR. Co. The property of the New Jersey Staten Island
Ferry Co. was to have been sold also, but it was withdrawn.

&

—V. 74, p. 1253.
& New York RR.— Consolidation— Extension
—Susquehanna
New Bonds.— This company was recently organized as a

Saginaw Yalley Traction Co.— Change in Date of Maturity. consolidation of the Barclay Railroad and the Binghamton
Homer Loring, replying to our inquiry, says: Towanda & Western Railway. The authorized capital
"The maturity cf the first mortgage bonds has recently been stock is $2,000,000 (in $100 shares) all of which is subchanged to Feb. 1st, 1920, instead of Feb. 1st, 1924."-V. 74, scribed, and most of it paid in, payments being made as
The company has about 25 miles of road
fast as called for.
p. 1856.
in operation, including the 14 miles of the former Barclay RR.
St. Charles St. RR., New Orleans.— See New Orleans Kailextending from Towanda, Pa., to Foot of Plane; he work
ways above.— V. 75, p. 186.
of constructing 25 miles more to Ralston, Pa., is rapidly proSt. Louis Memphis & Southeastern RR.—New Lines.— ceeding. The proposed road, when completed, will extend
In connection with the pending purchase of the Chicago & from Binghamton, N. Y. to Ralston and branches, in all
Eastern Illinois by the St. Lcuis & San Francisco, referred about 150 miies. The line is being built to market a large
to above, it is interesting to note the incorporation of the amount of lumber, coal and manufactured products. Tne
Memphis & Chicago Ry., with $200,000 authorized capital shareholders will vote Aug. 12 on a proposition to issue
stock, to build a short line from Cape Girardeau, Mo., to the 12,000,000 of
434 P- c. first mortgage gold bonds, to ba dated
bridge which the Southern Illinois & Missouri Bridge Co. is Dec. 1, 1902, and due in 1932, but subject to call alter
bnilding between Gray's Point, Mo., and Thebes, III., thus Deo. 1, 1912. There are no outstanding securities of the old
affording a connection for the St. Louis Memphis & South- companies, the bonds of the Barclay RR. Co. having been
eastern with the Chicago & Eastern Illinois. While the St. retired and the stock exchanged for stock in this company,

—President

i

& San

Francisco has an interest in the St. Lcuis MemSoutheastern, President Newman Eib sqys
Our new line -will be the shortest between St. Louis and Memphis
and the shortest possible connection for the Chicago & Eastern Illinois to Memphis. Its grades are only ten feet to the mile. The owners, however, are quite satisfied with their property, and there is no
present prospeot of its being sold; indeed, we have now under consideration the further extension of our line from Hoxie to Little Rock,
the St. Louis Memphis* Little Bock RR. Co. having been organized
for that purpose by our officers within the past week.
See also map on page 125 of Investors' Supplement.—

Louis

phis

V.

&

:

74, p. 1140.

Lonis & San Francisco RR.— Terms of Exchange.— See
Chicago & Eastern Illinois RR. Co. above.
Connecting Lines. To connect the St. Louis & San Francisco with the Eastern Illinois it is proposed to build a line
95 miles in length, from St. Louis to Shelby ville, 111. See
also St. Louis Memphis & Southeastern RR. above.
Relation with Central of Georgia.— No new arrangement,
we are informed, is contemplated with the Central of
Georgia other than perhaps closer traffic relations, the Central being the natural outlet for the Frisco system from its
terminus at Birmingham, Ala. The stock of the Central is
held by interests allied with the Southern Ry. See map on
page 25 of Investors' Supplement.
Report.— fc'ee statement of earnings for year 1901-2 on page
St.

—

288.

Equipment Notes.— The St. Louis & San Francisco has issued 250 equipment gold notes in denominations of $4,000
and $5,000, aggregating $1,240,000, secured upon thirtyeight locomotives and about 1,200 freight and miscellaneous
oars, the total cost being $1,543,526.
The notes are made
payable to Robert Winthrop & Co., the bankers, who have
purchased the issue. They mature between Feb. 1, 1903, and
Aug. 1, 1912, at the rate of $62,000 semi-annually. The interest is 4 per cent, and is payable Feb. 1 and Aug. 1.
The
notes are all redeemable at any interest date at par and accrued interest.—V. 75, p. 240, 30.

according to the terms of the merger. General Manager, C.
S. Horton; Treasurer, M. F. Hammond, Williamsport, Pa.
Tennessee Central RR.— Mortgage.— The company has
filed its $15,000,000 mortgage to the Mercantile Trust Co. of
St. Louis, as trustee.
See description of bonds in Investors'
Supplement.— V. 74, p. 1309.
Tifton (Ga.) & Northeastern RR.— Sold.—See Brunswick
& Birmingham RR. above.
Toledo Ry. & Termiual Co.—Allied Line.—The Toledo Angola & Western Ry. was incorporated recently with $300,000
authorized capital stock to construct a road from Toledo to
the Indiana State line in the interest of the Toledo Ry. &
Terminal Co. (V. 73, p. 617.) Incorporators: Charles F.
Chapman Jr., Harry W. Lloyd, Frank W. Coughlin, Raymond R. Hartshorn and Geo. D. Wills.— V. 74, p. 1140.
Trinity Cameron & Western Ry.— Purchased.— See Missouri Kansas & Texas Ry. above.— V. 62, p. 1140.
Union Pacific RR.— Reduction in Rates. See Great Northern Ry. above.— V. 75, p. 241, 136.
Washington Water Power Co., Spokane, Wash.—iVew
Stock. The stockholders, at a meeting held Aug. 5th, decided
to increase the capital stock from $2,000,000 to $2 600.000, and
issue it at par to stockholders. This stock is issued for improvements to be made in the company's property, and the
building of an additional electric light and power line to the
mines in Idaho.— V. 71, p, 646.
West Virginia Central & Pittsburg Ry.— Connecting
Line,—See Little Kanawha RR. above.— V. 75, p. 79.

—

—

INDUSTRIAL. GAS AND MISCELLANEOUS.
Acme Transit Co.— See Adams Transportation Co. below.
Adams Transportation Co.—Steamship Bonds. —The De-

Lonis Watkins & Gulf Ry.—Mortgage.—This reorgan- troit Trust Co. is mortgage trustee for this company's issue
company has filed its new mortgage securing $963,380 of of $110,000 5 p.c. $1,000 first mortgage gold bonds, due $11,000
first mortgage 5s, due in 1930.
The Farmers' Loan & Trust yearly on Jan. 1, 1903-1912. These bonds cover the steel
steamer Thomas Adams, which cost $225,000 to build, and
Co. is mortgage trustee.— V. 74, p. 1197.
Seattle & San Francisco Ry. & Navigation Co.—Northern is also insured for $190,000. The dimensions of the steamer
Pactfie Interests in Control—The holdings of the Northern are: Length, 376 feet; beam, 50 feet; depth, 28 feet.
The other steamship bond issues for which the Detroit
Pacific in the stock having been increased to "a preponderTrnst Co.
St.

ized

ance of the shares," President C. S. Mellen of the Northern
Pacific Rv. has been elected President of the company, succeeding W. E. Guerin; B. F. Bush has been made VicePresident and General Manager; J. A. Nadeau, Secretary,
and C. A Clark, Treasurer. The board of trustees is composed of C. 8. Mellen, B. F. Bush, B. S. Grosscup, I. A. Na
dean and W. E. Guerin.—V. 73, p. 83.
South & Western Ry.— Extensions— Alliance.— While it is
too early for those in interest to make public the facts, it is
understood that arrangements are being made through the
Union Tru*t Co. of Baltimore to extend this line, which now
runs from Johnson City, Tenn., to Huntdale, N. C, 84 miles,
northerly, from Johnson City to Iroaton, Ohio, on the Detroit
Southern, and southerly to Lincolnton, N. C, on the Seaboard Air Line. An alliance, more or less close, it is understood, will be made with the last-named company, affording

is

trustee are:

Acme TransitCo.-First mortgaee 5s,

$130,000, on steel steamer Jenks.
Keller Transit Co.— First M. 6s, 1 120,000. on steel steamer Harold B. Nye.
Erie Steamship Co.— First morceage 5s, $100,000, on steel steamer Panay.

Etna Steamship Co.—First mortgage
Taylor.

V. 71,

Ss, $100,0i>0.

on steel steamship Moses

p. 85.

Northwestern Steamship Co. —First mortgage 6s, S5O0.000, on steel steimers
Northeastern, Northwestern, Northman and Northtown bonds due, $15u,00O
April l, l«0t; $50,0(io April 1, 1H06, aDd annually thereafter; hut "subject to redemption upon payment of a oonus of 1 p. c. of unexpired term of bond."
All the above-mentioned bond issues exoept the last are due in ten
equal annual instalments and are sabjeot to call "upon payment of a
bonus of not less than 2 p. o." The Detroit Trust Co. is offering them
for sale on a 5-p.-o. basis.
;

(C. M.) Allen Co. (Dry Goods), Philadelphia— Stock
Offered. -Subscriptions for $400,000 of the $750,000 6 p. c.
cumulative preferred stock are being received at par ($100 a
share) by Louis B. Henry, 1420 Chestnut Street, Philadelphia, Pa. Of the $750,000 common stock, $600,000, it is stated,

has also been sold at par.

—

——

:

THK 0HKON1CLB.

292

American Agricultural Chemical Co.— Sale Ratified.—
The shareholders of the Bowker Fertilizer Co. on Aug. 4
ratified the proposed sale of the business to the American
Agricultural Chemical Co. A financial statement shows total
assets of $1,487,710; notes and accounts payable, $1,049,858;
net active capital, $437,852; real estate, building and machinery at book value, less a $10,000 mortgage, $514,863.
The
Total net assets, $952,715; capital stock, $1,000,000.
Chemical Company, it is understood, will issue 4,000 of its
preferred shares for the real estate and merchandise, guaranteed to be at least $400,000, and also stock at par for the additional value thereof, as determined by three appraisers. See
V. 75, p. 241.

American Frog & Switch

Co.,

Hamilton, 0.— New Stock.—

preferred capital stock from
$125,000 to $200,000, and its common stock from $125,000 to
$200,000. L. F. Phipps, President,
American Nickel Co.— Successor Company. This company, reported as incorporated under the laws of South
Dakota on June 2 with $5,000,000 authorized capital stock,
all of one class and in "full paid" shares of $10 each, of which
$500,000 in the treasury, has succeeded, it is announced, to
the property of the National Nickel Co. (which see below).
The property is described as consisting of four mines in
Cburchill County, Nevada. George W. Dunn, 66 Broadway,
is President and Treasurer.
American Telephone & Telegraph Co.— Output.—The output of instruments for the month ended July 20 in 1902
and 1901, and for the 7 months ended July 20 were:
7 months.
Month.
1902.
1901.
1902.
1901.
To July 20—

This company has increased

its

—

,

Gross output (No.)

Netoutput

(No.)

Total outstanding July 20
—V. 75, p. 31.

:

—

*

,

,

59,935
56,526 649.044
25,881
26,285 388,723
2,914,735 2,254,455

526.449
301,639

—

American Union Electric Co.— Purchase. The company
has purchased the Metropolitan Switch Board Co., which
does an extensive business in high-class switch boards and
controls valuable patents on panel boards. V. 75, p. 241.
Armonr (Packing) Co. Purchase.— President Lyman on
Aug. 1 made the following statement
J. Ogden Armour has purchased a substantial interest In the G. H.
Hammond Co. and the Hammond Packing Go. and the transfer of

—

Btook is taking place to-day. F. E. Vogel, Vice-President, retires to
devote his attention to other large interests and Arthur Meeker has
been elected to fill the vaoanoy. The management and polloy of the
oompanies will oontinue unchanged.

The GK H. Hammond Co. has outstanding $3,600,000 cap
stock and $1,550,000 of 10-year 6 p. c. gold bonds. The

ital

Hammond

PackiDg Co. has an authorized capital stock of
Both companies have plants at Hammond, Ind.,
St. Joseph, Mo., and tiouth Omaha, Neb.
(As to new plant
see V. 74, p. 886.) Various rumors are afloat as to intended
measures for combining the interests of the Armour, Swift
and Morris companies, among them one of a $150,000,000
holding company, another of an interchange of securities.—
V. 75, p. 241.
Artesian Water Co., Memphis, Tenn. —Proposition. The
company, a few weeks ago, applied to the Water Committee
of the City Council for a renewal of franchise for 35 years,
with a new schedule of rates based upon the installation of

—

meters. The proposition was made preparatory to a sale of
the plant to the American Water
Guaranty Co. of Pittsburg.
board appointed by the commictee is investigating
the water qmstion.Jtbe value of the present plant and the cost
of constructing a new plant. V. 69, p. 1149.
Automobile Company of America.— Sale Ordered. ViceChancellor Emery at Newark, N. J., on Tuesday ordered the
receiver to sell the plant at auction; he also declined to permit Receiver H. C. Cryder to accept a private bid for the
property of $100,000. The preferred claims are said to apgre
gate about $40,000 and the unsecured claims about $170,000.

&

A

—

—

74, p. 328.

[Vol.

LXXV,

ing machinery and equipment and for other lawful purposes.
The Maryland Trust Co. will probably be trustee
under the new mortgage. The President of the Brick Company is Charles F. Macklin, who succeeded Charles H.
Classen.— V. 70, p. 282.
Bon Air Coal & Iron Co. Consolidation.— This company
has been incorporated under the laws of Maine with $5,000,000 of authorized capital stock as a consolidation of the Buffalo Iron Co. and the Bon Air Coal Co., per plan in V. 74, p.
1309
J P. Williams of Nashville is President and Wm. C.
Dibrell Secretary. Directors:
John P. Williams, William C. Dibrell, Samuel

J. Keith, T. M. Steger, Edgar
Jones, M. M. Gardner, Jesse M. Overton, A. H. Robinson, Shade Murray, NashWhlttum,
ville; M. J. Berry and B. F.
Augusta.— V. 74, p. 1309.

Butterick Company.—First Dividend.—The board of directors have declared the first dividend, being quarterly, one
per cent, payable Sept. 1 to holders of record Aug. 20. See
official statement as to enterprise in V. 75, p. 237.

—

By-Products Paper Co. Bonds. This company, recently
incorporated (see Chronicle of^July 26, page 187.) to manufacture by a patented process fine paper stock of uniform
grades from flax-straw, the waste product in growing flax
seed, has made an issue of $550,000 5 per cent debenture gold
bonds, dated July 1, 1902, and due Jan. 1, 1928, but subject
to call after July 1, 1904, at 105. Sinking fund, $27,500 annually; sinking fund trustee, United States Mortgage
Trust Co. Denominations, $1,000 and $250; interest periods,
January and July. Of the £2,000,000 capital stock (all common), $1,650,000 is outstanding; par value of shares, $100.
President, Banjamin F. French; Secretary, Henry R. Smith;
Treasurer, Warren
Ransom. New York office, 27 William Street.—V. 75, p. 187.
Canton Co., Baltimore.— Stock Cancellation.—The company purchased under the call of the 16 th ult. 25 shares of
its stock, which, having been canceled, leaves 24,618 shares

&

A

outstanding.— V. 72, p. 823.
Central Foundry Co.— Report.—The report for the year
ended June 30, 1902, shows
Net earnings, $378,055. applied as follows: Bond interest, $231,780; depreciation, $39,819 replacements and betterments, $10,272
:

;

;

debit balance of previous year, $57,116 balaaoe of organization expenses charged off, $9,068.— V. 71, p. 1222.
;

Central Realty

Bond & Trnst Co., New York.— New

— The shareholders will

Stock.

vote Aug. 19 upon a proposition to
increase the capital stock from $1,000,000 to $2,000,000; par
value of shares, $100. Henry Morgenthau is President and
Ernest Ehrmann, Secretary. See United States Realty
Construction Co., page 247 of iast week's Chronicle; also
below.— V. 75, p. 241.

&

$1,250,000.

—V.

—

Cheyenne (Wyom.) Light Fuel

& Power Co.—Bonds

Offered.— MaoDonald, McCoy & Co. are offering by advertisement on a preceding page $150,000 ($175,000 authorized
and issued) first mortgage 5 per cent gold bonds of the company. The capital stock, fully paid up, is $225,000; cost of
property is given as $375,055. The company owns and controls all the lighting business, both gas and electric, in the
city, with a 25-year franchise and 25-year city lighting conThe gross receipts for the last year reported are stated
tract.
to be $50,196 and the net earnings $25,246, the latter being
about three times the interest charge. Hon. F. E Warren,
U. S. Senator from WyomiDg, is thepf incipal stockholder.
V. 70, p. 1150.
Citizens' Lighting Co., Peru, 111.—New Name.— See PeruLa Salle Gaslight Power Co. below.

&

Commonwealth

Electric Co

company has awarded

,

Chicago.— Bond Sale.— The

&

Edward

L. Brewster
Co. $500,000
of 5 per cent bonds issued on account of the construction of
the new power house (see V. 74, p. 1198). V. 75, p. 79.
to

—

—

Stock Offered. —This
Consolidated
Telephone Co.
"parent" company, whose headquarters and factory were recently removed from Cleveland to Buffalo, is offering a block
of

its

$10,000,000 capital etock for public subscription at $35

Baltimore Brick Co.— Reorganization.— Of the $1,500,000 per $100 share. An advertisement says:
bonds issued in 1899, $1,442,000 have been deposited under
Controls Inter Ocean Telephone & Telegraph Co. (V. 73, p. 35) of
the terms of a reorganization agreement prepared by a com- New York, with capital of $i, 000,000, constructing more than 1,000
mittee consisting of Douglas H. Gordon, J. Bernard Scott, miles of long-dlstanoe lines In New York State and controlling many
territorial rights.
Charles Morris Howard and W. H. Bosley; the plan has valuable exoluslve
Company Is rapidly extending Its lines, and will soon cover entire

therefore been declared effective. The company has accordingly increased its authorized capital stock from $2,100,000,
of which $600,000 6 p. c. cumulative preferred, to $4,500,000,
by the creation of $2,400,000 first preferred stock. The plan
provides for new securities as follows:
Forty-year 5 per cent gold bonds, secured by a first mortgage upon the property and franchises (subjeot only to
$58,000 undeposlted bonds of 1899), said bonds to bear
interest

f r.

m July

1,

1901.

Total authorized issue

$1,000,000

State and adjoining States with a oomplete and comprehensive longdistance telephone system. Owns and operates large plant now manufacturing telephones, switch-boards and accessories. Proceeds of
this sale of treasury stock will be used for the purpose of furthering
the completion of plans now laid out for this large telephone system.
The majority of the funds for this work has already been provldel.
Directors.- Burt G. Hubbell (President); Arthur D Bissell, Joseph
P. Dudley, Charl< j K E. Austin and Martin Carey, all of Buffalo. N. Y.;
Theodore S Fassett, North Tonawanda, N. Y.; Luther Allen, Richard
M. Parmely, Harry D. Critchtield and Kermode F. GUI, all of Cleve-

land, O.
Of which as part consideration for $1,500,000 existing bonds of 1899 (see below)
750,000
Among the local exchanp-es controlled, but which have isSubscribed for at 90
250.0C0 sued their own bonds, are Corning Telephone Co., HornellsFive per cent cumulative first preferred stock, having priville Telephone Co., Meadville Telephone Co., Salamanca
ority in payment both as to principal and Interest over
Telephone Co., etc.— V. 73, p. 34.
all other issues of the company's stock, common or preferred. Total authorized (In $100 shares)
2,400,000
Deering Harvester Co.— Independent Steel and Ore SupOf which as part consideration for $1,500,000 existThe South Chicago Furnace Co., in which Charles
ply.—
ing bonds of 1899
1,050,000
Subscribed for at 50
150,000 Deering is a director, is preparing to ouild a modern blast
Reserved for future requirements, improvements, etc.
1,200,000 furnace, with a capacity of 350 tons of pig iron daily.
The
Holders of the bonds of 1899 receive per $1,000 bond $500 furnace company was incorporated in March, 1«99, with
in new bonds and $700 in new first preferred. Of the author- $300,000 capital stock and $200,000 bonds, and acquired the
ized issue of first preferred, $1,200,000 is reserved for future property of the Calumet Iron & Steel Co., forclosed in 1893,
requirements. The sale of $250,000 new bonds at 00 and and purchased for the bondholders for §374,088. A large, if
of $150,000 of the first preferred at 50 will provide funds not a controlling interest in the company, is held by or in
for the purpose of enlarging and improving the plant, buy- the interest of the Harvester Company. The Deering Har-

—
ArorsT

9,

—

—

THE CHRONICLE.

1902.]

Electro-Pneumatic Transit Co.—See Pneumatic Transit
below.— V. 74, p. 1092.

Tester Co. has purchased part of the land of the South Chicago Furnace Co. and is building a Bessemer steel plant,
blooming mill and Morgan continuous bar mill.
The Daering Harvester Co. has also recently acquired the
leasehold interest to two valuable iron ore properties near
HibbiDg. Minn., in the Mesaba range, one known as the
Kinney-Hawkins Crosby Mine, owned by the Mississippi
Land Co., for $525,000 and royalty of 20 cents a ton; the other
Boeing at a 25-cent lease. The
owned by Alworth Hull
minimum output of each property is 100,000 tons yearly.
These acquisitions, it is understood, will make the Harvester Company, which is a co-partnership with headquar
ters in Chioago, independent of outside sources for its sup-

Co.

Equitable Gas Light Co., Memphis, Tenn.—Proposed

—

and

&

July

—

Directors. The new board of directors includes:
Frank Graham Jones, John Armistead, Anthony N. Brady,
Billings, Gen. 8. T. Carnes and E. J. Kerr.— V. 74, p. 990.

Erie Steamship Co.— See

W.

L. Holmes,

G.

Transportation Co.

—The

Great Northern Paper Co.— Mortgage.
mortgaged all its property in Maine, with
tbe lower water-power at Madison and
Millinocket, to the Guaranty Trust Co.

A

company has
the exception of
building lots at

New

of

York, as

trustee, to secure |3,000,000 of 5 per cent $1,000 gold bonds,
dated July 1, 1902, and due July 1, 1927, with interest pay-

able semi-annually.

V.

The purpose

of the issue

Currie, Thos. A. Parker.
Diamond Match Co. Debentures. The shareholders of
Bryant
May in London on Aug. 7 voted to issue $1,250,000
debenture bonds for the purpose of purchasing, in conjunction with the Diamond Match Co., a large track of pine lands
in California.— V. 74, p. 381.
Diamond State Steel Co.— List ed.— The Philadelphia Stock
Exchange has listed the $2,000,000 common stock and $2,250,000 7 p. c. non-cumulative preferred stock in $10 full-paid

—

was

stated in

74, p. 1311.

(G. H.) Hammond Co.— Sale of Stock.
ing) Co. above.—V. 75, p. 242.

Cameron

&

Adams

O. K.

Fall River (Mass.) Gas Works Co.— Stock Increased.—The
capital stock has been increased from $450,000 to $635,000, of
which Lee, Higginson & Co. control a majority.— V. 75, p. 188.

Co., Rochester, Mich.— Mortgage.—
mortgage has been filed to the Union Trust Co. of Detroit, as
trustee, to secure $500,000 of 5 p. c. 20-year gold bonds, interest payable semi-annually; sinking fund beginning Feb.
The present indebtedness is said
1, 1908, $25,000 annually.
to be upwards of $350,000. The company was incorporated
in January, 1899, to manufacture beet sugar. Authorized
capital stock, $500,000. Incorporators: Julius Stroh, F. H.

Wa'ker,

1905.

at Memphis during the
year 1900-01 was 126,114,700 cubic feet; in 1901 02, 137,351,300
cubic feet, and for the six months from Jan. 1 to July 1,
1902, was 75,198,300 cubic feet, against 71,198,300 in 1901.

steel.

Sugar

1,

Output.— The consumption of gas

Detroit Telephone Co.— Default.—The interest due Aug.
1 on the first mortgage bonds remains unpaid and the bondholders are depositing their bonds with the Central Trnst Co.
The status of the oompany, we are informed, is as follows:
The Miohlgan Telephone Co. purchased oontrol of the Detroit Telephone Co under agreement to oarry out the latter's franchise obligations; these Including the furnishing of telephone service at $40 a
year for business and $24 a year for resldenoe service. The Miohlgan
Company having failed to comply with this provision was ordered by
the court to furnish telephones at the rates named; it Is thought this
deolsion will be upheld upon appeal.
See also Michigan Telephone Co., V. 75, p. 33; V. 66, p. 384.

Detroit

—

Consolidation. Lower Rates Offered. The Lighting Committee of the Memphis City Council was asked on July 29 to
approve an ordinance authorizing the consolidation of this
Power Co. in consideracompany and the Memphis Light
tion of a material reduction in charges, the rates for illuminating gas for instance, recently $1 35 per 1,000 cubic feet, to be
$1 20 after Aug. 1, 1902; $L 10 after Jan. 1, 1904, and $1 after

&

plies of iron

293

—See Armour (Pack-

Hammond Packing Co.— Sale, —See Armour (Packing)
above.—V.

Co.

74, p. 382.

Holyoke (Mass.) Water
Valuation.— Judge Everett C.

Power Co.— Commissioners'
Bumpus of Quincy, J. E. Cotter

Hyde Park and Edmund K. Turner of Marblehead, the
Commissioners appointed by the Supreme Court of Massachusetts, has decided that the city, which voted in 1897 for
municipal ownership, should pay to the company for its
shares.— V. 74, p. 1306.
Distilling Co. of America.— Plan Operative.—More than electric lighting and gas plants and water rights the sum of
two- thirds of the preferred stock having been deposited with $708,790, viz.: For tbe gas plant, $376,666; electric light plant,
the Mercantile Trust Co. under the plan of conversion, the §329,874; otner $2,250. The schedule value for which the
said plan has been declared operative. Further deposits will company elected to sell to the city was $1,000,000, but counsel
be received on or before Friday, Aug. 15. V. 75, p. 188, 137. endeavored to establish at the hearings that the property was
Dominion Iron & Steel Co. Negotiations.— Considerable worth $1,250,000 or $1,500,000. The city has spent a very
comment has arisen from the delay in the payment of the large sum in litigation regarding the matter.— V. 72, p. 46.
of

—

dividend called for under the lease of the Dominion
Coal Company's property. This week it transpired that negotiations are in progress for a new amalgamation of inter-

Inland Steel Co.— In Operation.—The company's steel
plant at Indiana Harbor, Ind,, has been put in operation. Executive offices, Marquette Building, Chicago. V. 74, p.' 940.

first

ests, to include,

besides the

—

Dominion Company's

coal interests, important English

steel and
concerns.— V. 75, p. 188, 27.

—

International Navigation Co.—No
The direcdeem it " wise and conservative " to make no distribuon the preferred stock at this time. V. 75, p. 138.
Dividend.

tors
tion

Ecuadorian Association, Limited.— Control Transferred
to New York.— At a recent meeting it was voted to alter the
articles so as to enable the business relating to the oonstruc

—

Inter-Ocean Telephone
Telephone Co. above.—V.

•

and completion on the railway now in hand to be conducted from New York. The chairman of the meeting said
tion

& Telegraph Co.— See

Consolidated

73, p. 35.

—

Iron Steamboat Co. Sold. At the foreclosure sale on
Wednesday tbe property was bid in by T. Ellett Hodgskin,

in substance:
At the time the debentures of the Association were converted Into
railway bonds. It was calculated that the cost of completing the line
to Guamote, the top of the Andes, would be about £200,000. The
Association's bankers advanced £100,000 upon £200.000 of bonds
and from vaiious outside sources the oompany obtained about £25,000. After negotiation a syndicate was formed in New York and
purchased practioally two-thirds of the shares of the Ecuadorian
Association The same syndicate has offered to finance the Association sufficiently to enable the line to reach Guamote, upon bonds at
50, subject, however, to a report to be made on the line. Until that
report is forthcoming the board has induoed the syndicate to advance
money on the terms suggested, so that the works can be proceeded
with, as otherwise work must have stopped, and the Ecuadorian Government would have had an excuse for not paying the Interest on Its
bonds due in July, and the Association would have been praotloally
ruined. That crisis, however, has been averted by the action of the

(representing the reorganization committee) for $100,000, the
upset price hxed for the sale. See plan in V. 74, p. 778, 887.

—V.

75, p. 188.

Seller Transit Co.— See

Adams

Transportation Co. above.

Manhattan Transit Co.— To Lease Brooklyn Tunnel.— See
New York & Brooklyn Tunnel RR. under "Railroads."—V.
75, p. 80, 33.

Marconi Wireless Telegraph Co. of America.— RivalSee De Forest Wireless Telegraph Co. above.— V. 74, p. 1093.
Michigan Beet Sugar Co. of Bay City, Mich.— 8a> e.—The
shareholders on July 28 voted to sell a large interest in the
New York houses.
The Association remains a Scottish organization, but the property to Charles B. Warren of Detroit.— V. 71, p. 700.
construction of the road is hereafter to be directed from this
Michigan Telephone Co.— Default.— See Detroit Telephone
city.
See also V. 72, p. 1283.
Co. above.— V. 75, p. 188, 138.
Edison Electric Co., Los Angeles.—New Bonds.—PresiNational Asphalt Co.— Suits.—William C. Bullitt on Aug.
dent J. B. Miller, speaking of the recent sale of new bonds 1 addressed a letter to the receivers asking if they intended
to a syndicate, is quoted as follows:
to take legal action against th,e promoters and stockholders
The syndicate consists of N. W. Harris & Co., Chicago; E. H. Rollins
to
collect the amount claimed to be assessable on the capital
& Sons and Perry, Coffin & Burr, Boston. While the contract involves
about $3,00(i,OC0 in bonds for Immediate delivery, it also provides that stock. (See "Pniladelphia Times" of Aug. 2.) Receiver Tatthe bankers will take all or any part of the entire Issue, amounting to nall replied on Aug. 6 announcing the probable early retire$10,000, COO, as such parts may be needed. Besides building a new
steam plant and enlarging our present water-power plant, the ar- ment of Receiver John M. Mack, and declaring that the rerangement contemplates providing such funds as may be necessary ceivers are prepared to bring such suits as the Court may
Ior extensions and Improvements to the plant In every direction.
direct for the protection of tbe rights of the security holders.
A Los Argeles paper says the company will have, in con- —V. 75, p. 183, 188.
nection with its new fireproof water-power plant, 840 feet of
National Nickel Co.— Reorganization.
This company,
effective water head in Kern County, and double transmis
which was organized in 1886, and had an unfortunate career,
sion lines capable of delivering 16,000 horee-power at Los
has been succeeded, it is announced, by the American Nickel
Angeles. The new steam plant will have an ultimate capacity
Co. (which see below). Persons who bought stock through
of 5,000 k-w's.-V. 75, p. 79.
George W. Dunn are or were permitted to exchange for
Electric Co. of America.—Listed.—The Philadelphia Stock shares of the new company $ for $.
Exchange has listed the $4,078,780 capital stock.
Natural Gas Companies.— Decision.—See Richmond (Ind.)
Earnings.—The earnings for the six months ending June
Natural
Gas Co. below. -V. 67, p. 126.
30 were:
New
York
Realty Corporation.— See United States Realty
Net from
Other
Net for
Jtxpenses of
Six months—
subsid'y cos.
income. Management, dividends. & Construction Co. below.
1»02
$155,b84
$148,189
$9,774
$17,269
19 °1Niles-Bement Pond Co.— Common Stock Dividend.— div108,831
111,599
19,261
16,493
-V. 74, p. 1310.
idend of 4 per cent has been declared on the common stock ,

—

A

|

——

—

THE (HKONICLE

294

ODe-half payable Sept. 15 and one half Dec. 15.— V. 74, p. 325,
330.

—

Oakland Gas Light & Heat Co.— Majority Deposited
More than the required amount (51 per cent) of the out-

standing stock has been deposited with the First National
Bank of San Francisco in response to the offer of the California Gas & Electric Corporation for an option at $70 per
share. See V. 74, p. 991.

Ohio Solid Steel Co. of Cleveland.— Stock Offered.— This
company, incorporated under the laws of New Jersey in May
offering for public subscription at par a limited
of its $250,000 7 p. c, cumulative preferred stock in
$100 shares, and with every two shares of preferred stock will
give one share of common stock (total issue, $.250,000).
This company is formed to manufacture in Cleveland steel
last, is

amount

castings by both the open-hearth and Trrpenas patent
method. Martyn Bonnell is President, 430 Garfield Building,

Cleveland.
Pacific Packing & Navigation Co.— Large Deposits.— The
readjustment plan has been approved by 87 per cent of the
stock and bond holders. See terms of plan in V. 74, p. 1143.

Pennsylvania Plate Glass Co.— Final Decision.—The
United States Supreme Court recently upheld the Court of
Appeals reversing the decision of Judge Buffington, who
decided some years ago that the holders of the bonds were entitled to receive payment of their principal and interest from
the money paid by the insurance companies upon the destruction of the plant (at Irwin, Pa.) by fire in April, 1898. The
property was acquired in 1894 after receiver's sale, subject to
the mortgage of the Pennsylvania Plate Glass Co., by the Penn
Plate Glass Co., which insured the property in its own name
and refused to insure it for the benefit of the Farmers' Loan
& Trust Co., the mortgage trustee. A foreclosure suit was
brought in 1896 and in 1898 the fire occurred. The right of the
bondholders to recoup themselves from the insurance money
is

now

finally denied.

V.

74, p.

99.- V.

72, p. 5S3.

—

Pern-La Salle Gaslight & Power Co.— Changes. The comname has been changed to Citizens' Lighting Co. and
At last
its capital stock increased from $130,0C0 to $250,000.
accounts there were outstanding $104,000 of 6 p. c. bonds due
in 1920. Annual output, 16,000,000 cubic feet. President,

pany's

W.

B. Brinton.

Philadelphia Co. of Pittshurg.— Listed.— The Philadelphia Stock Exchange has listed $11,635,000 consolidated mortgage and collateral trust 5s.— V. 75, p. 78, 84.
Pope Tin Plate Co., Pittshurg.—Increase of Stock.— The
capital stock of this company, with tin plate mill at Steuben
villo, Ohio, has been increased from $500,000 to $750,000. The
plant is the largest independent tin plate plant in the counOf these, 7 hot mills
iry, containing 12 hot and 5 cold mills.
are in operation, turning out black plate; it is expected the
entire works will be completed and in full operation within

[Vol.

LXXV.

—

Standard Oil Co. Dividend. The directors on Tuesday
declared a dividend of $5 per share, payable Sept. 15. This
makes the total dividends for the first three-quarters of 1902
$35 a share, contrasting with $40 and $38 respectively during
the corresponding periods of 1901 and 1900.— V. 74, p. 330.

—

Steel Ores Co. -Prospectus. The prospectus states that
new company is incorporated under the laws of New
York, with $500,000 stock and $250,000 bonds, to engage in
mining high grade brown Hematite and basic steel iron and
maDganese ores, its mines being located in Augusta County,
Va. President, J. H. Everett; Secretary and Treasurer,
Henry T. Fay.
Susquehanna Iron & Steel Co.— Management Sustained.
At the annual meeting on Aug. 6th the cumulative method
of voting was employed, the dissatisfied faction electing
John Q Denney,
J. Houston and W. H, Butler, the two
first named being minority members of the old board.
The
election resulted in the return of the old board, with one
change, as follows:
Charles A. Porter. H. F. Brnner. Dr. L. 8. Filbert. J. W. Steaoy,
Percy M. Chandler, W. 8. Kimball, Henry Clay, R. J. Houston, W. H.
this

—

R

Butler.

Charles A. Porter continues as President. A motion to
adjourn the meeting and permit R. J. Houston to examine
the list of stockholders, "to enable bim to present his side of
the case to the stockholders," was lost by a vote of 72,000 to
170,000 shares.— V. 75, p. 81.
Troy Steel Co.— Sold.—The property was bid in at foreclosure sale on Thursday for $525,000 by W. F. Donovan of
St. Louis, for principals whose identity he is not ready to
divulge. The plant is located on Breaker Island, Albany
County, N. Y.— V. 75, p. 139.
United States Cotton Dock Corporation.—Plant to be
Closed. The company has ordered the closiDg of the New
Hartford (Conn.) plant on Sept. 1 and the discharge of the

—

employes.— V. 75, p. 247.
United States Realty & Construction Co.— Incorporated.

700

—This new consolidated company was

incorporated in New
authorized capitalization "being $30,000,000 of 6 p. c. cumulative preferred stock and $36,000,000 of
common stock. The basis of exchange for the shares of the
Fuller and Alliance companies was given last week (page
246). Each share of the New York Realty Corporation will
be exchanged for one and two thirds shares of the preferred
stock and the same amount of common stock of the new
Stockholders must deposit their shares under
company.
these offers of exchange with the Central Trust Co. before
Jersey on Aug.

Sept.

4, its

1.

Syndicate.— A syndicate headed by Hallgarten & Co. has
furnished $11,000,000 of cash, receiving therefor a certain
amount of the preferred and common stock. The syndicate
includes the Equitable and Mutual life insurance companies, National City Bank, Central Realty, Bond & Trust Co.,
Central Trust Co., Charles M. Schwab, and interests associ60 days.
ated with the U. S. Steel Corporation, and nearly every imPnenmatic Transit Co., Philadelphia.— Mail Tube Service portant financial interest in this city.
Resumed.—The company's pneumatic mail tube service in
The officers are as follows:
Offiwrs.
Philadelphia between the central Post Office and Broad Street
President, Bradlsh Johnson; Chairman of the Board. Harry 8.
Station, the Reading Terminal and the Bourse, was resumed Black; Vice Presidents, Albert Flaofe, Robert E. Dowlinsr and Samuel
G. Babbajje. James Stiilman will be
on July 21 after an intermission of more than a year. Under P McConnell; Secretary, R. Committee.
The company's New Jersey
Chairman of the Executive
the new four-year contract the United States Pest Office De- representative is the Corporation Trust Co.
partment will pay the company $39,185 60 yearly for the use
Directors.— The names of the directors were given in our
of its 1'4 miles of tube. The company began business in
last issue, page 247.
1893, but its important eight- inch tube was not put in operaUnltype Company.— Increase of Stock.— This New Jersey
tion until 1898. The Electro-Pneumatic Transit Co. (V. 74,
corporation has increased its capital stock from $1,000,000 to
V, 65, p. 464.
p. 1092) is an entirely distinot corporation.

—

—

Cleveland, O. Offer to Purchase.—
An offer has been made for not less than a controlling inter
est in the stock, and shareholders willing to sell are asked to
deposit their holdings with Treasurer W. D. Rees. The company operates a mine on the Marquette Range. V. 69, p.

Republic Iron

Co.,

—

909, 339.

$1,400,000.

Waukesha (Wis.) Water Co.— Resold.— At the resale on
August 1 the property, including the Hygeia, Glen and
Hygeia No. 2 spring, about four acres of land in Waukesha,
a pipe line from Big Bend to Chicago, and the pumping station and land at Big Bend, was knocked down to F. J. R.

Mitchell of New York for $54,100.—V. 75, p. 81.
Natural Gas Co. Decision Affecting
Weaver Coal & Coke Co.— .Mr. Gates's Interest— New Name.
Indiana Natural Oas Companies. Judge Ryan at Andereon,
Ind., recently, in the suit brought by the Eaterprise Natural —Stock Increased.— John W. Gates and his friends have
Gas Co. of Newcastle, restrained the Richmond Natural Gas bought a large interest in the Weaver Coal Co., which is the
Co. from using a pumping station near Newcastle, Ind., on owner of various extensive tracts of coal lands and also, it is
the ground that in so doing it was infringing the law ot 1901. said, of the Maryland Smokeless Coal Co. at Weaver and
Leiter, W. Va., and the Belington & Beaver Creek Railway
If the Supreme Court should sustain this decision, there
Co. A change of name to the Weaver Coal & Coke Co. and an
it
would,
is said, be little Indiana natural gas used outside the gas belt, for pumping stations are indispensable increase of capital stock from $1,500,000 to $3,000 000 are
Among the new stockholders are William
in piping gas to any considerable distance, as for instance to also announoed.
Edenborn of New York, Chairman of tbe United States Steel
Chicago.
Corporation; Isaac L, Ellwood and Samuel W. Allerton.
Royal Gem Mills, St. Johnsville, N. Y.— Bonds.— A first
Western Union Telegraph Co.— Wires R»moved.—The
mortgage has been made to the Massachusetts Trust Co. of
Boston, as trustee, to secure $500,000 (present issue $150,000) company on Aug. 7 vacated its quarters in the Broad Street
of 5 p. c. $1,000 gold bonds, dated July 1, 1902, and due June Station. Philadelphia, the lease of which has expired. V.
74, p. 1359.
1, 1922, but subject to call at 110 and interest. The mortgage
covers the entire property, including the Gem Knitting Mills
White Mountain Paper Co.— Mortgage.— The company
at Herkimer, also the Royal Mills of St. Johnsville, which has made a mortgage to the North American Trust Co.. as
were recently purchased. Total authorized stock, $1,000,000, trustee, to secure $10,000,000 first mortgage 5 per cent 30of which $500,000 is 6 p. c. cumulative preferred; issued, year sinking fund gold bonds. V. 73, p. 1067.
$150,000 common; no preferred; par value of shares, $100.
President, Wm. Endioott; Treasurer, Joseph Remick.
Attenl ion is called to the offering of Evansville Gas &
Sharon Steel Co.— New Stock.— The shareholders have Eleotric Light first mortgage 5 per cent bonds by Farson,
ratified the proposed increase of capital stosk from $5,000,000 Leach & Co. and Mason, Lewis & Co.
A full statement reto $6,000,000. See V. 74, p. 1200.
lating to this company was given in the Chronicle of July
Sonth Chicago Furnace Co.— See Deering Harvester Co. 26, page 188. Further particulars may be found in the adabove.
vertisement on another page.

Richmond

(Intl.)

—

—

—

—

.

.

August

.

THE Ce&ONICLE.

9, 1902.]

295

COTTON.
Friday Night, August

b> our telegrams
om the South to-night, is given below, For the week ending
this evening the total reoeipts have reached 11,946 bales,
(.gainst 17,189 bales last week and 12,544 bales the previous
veek, making the total reoeipts sinoe the 1st of Sept., 1901,
7,449,025 bales, against 7,523,346 bales for the same period of
1900-1, showing a decrease sinoe Sep. 1, 1901, of 74,841 bales.

COMMERCIAL EPITOME.
Friday Night, Aug.

8, 1902.

Considering the season of the year, a fairly satisfactory condition of business has been experienced in most lines of trade.
The placing; of orders in anticipation of requirements for the
coming fall demand has been steadily increasing in fact, in
some instances the demand has been reported as active.
Reports from the iron and steel markets note a strong situaContracts for pig iron for delivery during first half
tion.
of 1903 have been freely made and the demand for steel rails
and structural material for next year's delivery has continued
Crop advices from the interior have been favorable,
active.
and prospects for the grain crops have been reflected in a
sagging of values for all cereals.
;

August

Stocks of Merchandise.

Lard

tos

Tobacco, doniestlo
Coffee, Rio
Ooffee, other
Ooffee, Java, Ac

hide.
bags.
bags.

mats
hhds
bags, Ac

Sugar
Sugar
Molasses, foreign

Hides
Cotton
Bosln

hhds.
No.
bales.
bbls.

-

bbls
bbls

Spirits turpentine...,.

tax

bags

Rice, E. I
Bice, domestic
Linseed....
Saltpetre

bbls
...bags.

bags.

Manila hemp....
Sisal

bales.
bales.
bales.

hemp

Jute butts
Flour

bbls.

1,

and sacks

July

1,

1902.

1902.

7,579
10,100
2,122.977
179.584
142,726
None.
140,142

None.
87,900
127,445
30,484
3,127
1.966
8,700
6,500
None.
4,400
9.753
None.
None.
86,800

10,106
10,? 00

1,971,844
147,28 7

106.930
None.
807,760
None.
26,000
152,249
28,543
2,791
2,295
9,100
7.200

None.
2,850
10.146
4.459
None.
83,000

August

Receipts

1,

12,465
3,676
740,137
237.891
129,882
1,920
264,493
None.
30,600
171,361
16,526
1,983

DAH.T CLOSING PBI0B8 OT LARD FUTURES.

Mon

Tues.

Wed. Thur*. Fri.
11-05 10-95 1095

Sues.

Wed.

thurs.

tri.

total.

750

81

277

76

833

266

Sab. Pass, Ao.
flew Orleans. .
doblle........
'snsaoola, Ao.

......

......

......

......

......

......

16

868

793
400

805

253

147

2,382

1

1

......

......

......

1,459

1,459

46

10

14

52

103

225

Brunsw'k.&o.

a....

•a.

......

......

•••••

......

762

113

.....a

......

......

......

......

......

......

487

Ft. Royal, Ac.

......

Wilmington....

......

Wash'ton.&c

......

Mew York

......

402

1

1,362

......

66

1

4

......

......

479

77

187

419

......

......

......

......

35
458

......

......

......

......

......

•...

15
103
95

103
937

1,559

2,678

11.949

•

«*«

54

230

2,439

1.413

2

1

oston... ......
Baltimore

......

fhiiadel'a, Ao..

154

404

week

2,515

1,842

Tot. this

2,285

•«•

61

1,062

News, Ac.

......

2,249

458
18

The following shows the week's total receipts, the total since
Sept. 1, 1901, and the stocks to-night, compared with last year.
1900-01.

1901-02.
iieceipts to

Aug.

this

8.

%C$tk.

alveston...

closing at ll'25c. for refined for the Continent. Speculation
in the market for contracts has been moderately active, and
prices have held steady on support from packers. Close steady.

Mon.

Sat.

Galveston......

H'p't

725
4,000
2,500
None.
4,500
6,093
1,738
None.
71,600

at—

Charleston

1901.

Lard on the spot has had only a small sale, exporters being
slow to make purchases, and the buying by refiners has been
on a decidedly limited scale. There has been, however, no
especial pressure to sell, and prices have held steady, olosing
at lie. for prime Western and 10J^@10%c. for prime City.
Refined lard has been quiet and without important changes,

Sat

8, 1902.

The Movement of the Crop, as indicated

Sab. P., Ac.
i-

aw Orleans

uoblle
'saoola.&o.

Savannah...
Bfwiek.Ac.
Charleston..

P.Royal.Ao
Wilmington.
Waah'n, Ao.

Since Sep.
1, 1901.

This
xateh.

Stock.

Since Sep
1, 1900.

1902.

2,285 2,034,179
94,761
2,382 2,258,495
402 153,960
1,459 323,275
225 1,133,403
140,267
1,362 366,634
1,577
66 277,845

3,555 2,127,006
50,380
4,848 2,435,821
35 109,378
2,437 184,300
1,275 1,073,614
787 182,431
11 232,301
1,773
83 258,176

882

522

.

1901.

4.470

37,037
«...

..

...

.

43.604
3,213

58,031
5,808

5,468

7,962

....

1,507

821
...

696

2,405
.--.«

Norfolk
2,249 456,350
1,654 429,049
13,496
5,137
1100 1102 1105
38,456
458
85,462
271
The demand for pork in the local market has continued H'portN.,Ao
113,195
156,584
York...
2,710
170,111
New
108,514
light, and there has been a slight further weakening in
101 197,020
18 119,861
5,300
4,500
prices, olosing at $18 25@19 00 for mess.
Cut meats have sold Boston......
103
100,829
258
Baltimore
.
71,910
2,828
2,270
slowly, and prices for pickled hams and shoulders have
937
35,556
253
87,619
hlladel.Ac.
1,672
1,845
weakened slightly. Tallow has been more freely offered and
prices h-ive declined, closing at 6%e. Cotton-seed oil has
11,946 7,449,025 18,002 7,523,346
182,409 303,957
been quiet but steady, closing at 42c. for prime yellow.
comparison
may
made
In
order
that
be
with
other years,
Butter has been quiet. Sapplies of the lower grades have
been accumulating and the tone of the market has been tee give below the totals at leading ports for six seasons.
easier.
Cheese has been quiet and easy. Fresh eggs have Receipts at— 1902
1897.
1901.
1900.
1899.
1898.
been in limited supply and firmer for best grades.
~~2,285
*alves'n,Ao.
Brazil grades of coffee have been fairly active. Early in
194
469
161
2,436
3,555
the week prices were advanced on bull manipulation. Sub- New Orleans
1,775
3,377
2,382
4,843
1,038
1,829
sequently, however, reflecting weaker advices from Brazil, yfoblle
118
22
402
35
55
276
increased pressure to sell, and less disposition to buy, the tavannah...
225
492
236
95
1,275
1,566
market turned weaker and prices declined. The close was Jhae'ton, Ao.
19
11
21
405
1,362
5
unsettled at 5^c. for Rio No. 7. West India growths have Wlm'ton.Ao
11
12
83
11
2
66
been quiet but steady; offerings of the better grades have Norfolk
26
444
619
2,249
1,654
1,397
continued small.
East India growths have been dull >». News, Ae.
673
458
78
79
and without changes. Speculation in the market for con- all others...
6,546
529
3,713
830
1,330
3,517
tracts has been fairly active.
Early in the week covering
11,946
18,002
7,396
by shorts and bidding by bull interests advanced prices, fol- tot. this wk.
4,515
8,065
3,867
lowed by a decline under selling against purchases of coffee
unoe Sept. 1 7449,025 7523,346 6537,016 8400,252 8619.326 6692,404
in Brazil for prompt shipment on a lower basis of values.
The exports for the week ending this evening retcb a total
The close was weaker under free selling. Closing asked prices:
of 34.442 bales, of which 14,3U0 were to Great Britain, 421
Aug
5-350. Nov
5.30c.
5-15o, Feb
Sept
Below
5-35o. Deo
5*35c. to France and 19,721 to the rest of the Continent.
5-20o, March
Oot
6-20o. Jan.
5*45c. are the exports for the week and since Sept. 1, 1901.
...._ 5-250 May
Raw sugars have been in fair demand, and on light offerWeek Ending Aug. 8 1902.
from 8*91. 1, 1901, to Aug. 8 1902
ings prices have advanced slightly, closing at 3 13-32c. for
—
at. for ltd
HxvorUd to—
Export*
centrifugals, 96 deg. test, and 2^c. for muscovado, 89- deg.
from—
0r«st
Oontu
Conti- ZeUl
trTSml
frame
Tr*net
J»jaj
test.
Reflaed sugar has been ia moderate demand and
Brlt'n.
nmt.
nmt. Wssk. Britain.
steady at 4 65c, for granulated. Teas firm but quiet.
••••••
•••••
870,594 849.688
536,107 1,756,839
......
Kentucky tobacco has continued to meet with a fair sale ialve.ton
<ab. Paai. Ao..
85,815
......
......
89,980
65,741
for export and at firm prices.
Seed-leaf tobacco has had a <«w Orleans..
6.21S
12,249 892,112 297.133 716.621 1,936,169

August.

I

I

l.i

^

7,088

slightly better sale, the business transacted for the week
amounting to 750 cases at steady prices. Foreign grades of

tobacco have been quiet and unchanged.
The spot supply of Straits tin has been largely under the
* 1 01 of one interest and prices have advanced, closing at
oq
28-55@29c, There has been an easier market for copper, but
the close was steadier at ll-85@ll-95c. for Lake. Lead has
not changed from 4-12^c. Spelter firmly held at 5-37^c.
on in active demand and firm for forward deliveries.
"j
% enned
petroleum has been unchanged, closing steady at
7"20c. in bbls., 8 50c. in cases and 4 65c. in bulk.
Naphtha
has been unchanged at 9 05c. Credit balances have been
quiet at $1 22. Spirits turpentine has been in fair demand
and steadier, closing at 46%@47c. Rosins have been quiet
and unchanged at $1 57>£. Hops have been firmer for State
hops on light offerings. Wool has been firm but quiet.
"

R

lobll.
j

»Tsnufch

••••»

1,459

•••••

......

...•••

•••••

••••••

'.rnn.wloi
harle.lon...

•*•»••

*ort Royal
Vtlmlnjtton...

>•••«

torfolk
f'port N., Ao..

......

^•w York..

7,454

.

Oiton

......

•»•••

•••

......

••••

••••«.

......

••••••

421

.

Potai. iRoo-oi.

......

..!•••

......

......

12,385

20,260
51

54

'altlmore
'hlladeiphia.
•n Fran.. Ao..
Total.

89,809

62,511

1,459

......

ISO

300

96,617
219,445

13,199

85 0U8

48,345

649,811

98,820
194,844
817,101

73,860

6,018

41,793
72.411

120,701
137,620

119.076

119,801

80,895
85,375

8,100

868.379
23,096
86,575

65,206
•••••

*....r

805,666
160,676
68.7C5

120

16.490

300

10,864

200
29,642

750

297.709
7.162
68,909
S.8&8
167 021

638917
167,838
182,114
17,848
167,888

14,800

421

16,781

34,412 3,022,656 743.556 8.781,661 6548,178

11,011

4,351

86.730

11.092 8,009,626 728 389 3,700.677 6,438.531

.. .

111

CHRONICLE.

T'HE

296

In addition to above exports, our telegrams to-night also
give ua the following amounts of ootton on shipboard, not
eleared, at the ports named.
add similar figures for
Hew York, whioh are prepared for our special use by Messrs,

B

S

a

m
B

Be*

o>

a

13

«)

»

I

B

at

|

B »>»B a

ON SHIPBOARD, MOT OLEAKJBD FOB—
Qreat
GerOther OoattBritain Fr'nce many. For'gn wise.

New

214

Orleans.
Galveston....

788

672

4,586

929

Savannah
Charleston...

986

New York

700

"772

772

i',500

i,Z5o
2,580

i'ibo

Total 1902..

314

Total 1901..
Total 1900..

10,751
8.200

1,480

"Sbo

"loo
788

1,272

6,615

6,052

15,041

167,368

1,474 11,743

7,770
34

6,434
1,200

38,172
14.634

265,785
85,073

5.2

•

Speculation in cotton for fntnre delivery has been fairly
and the tendency of prices has been upward. The
Bnreau report, issued on Monday, made the average condition of the crop 81 6; this appeared to be slightly better than
generally expected, and resulted in a lower market for the
On Tuesday there developed a steadier undertone.
day.
Certain Wall Street interests that were understood to be s-hort
of the market started in buying. This demand continued
throughout the balance of the week, and it was generally
understood in the trade that a prominent operator in the
speculative market, who had previously been bearish on the
situation, had turned bullish, and was buying to accumulate
a long line. At any rate, the buying by this operator has
been the mainstay of the market, the majority of the trade
being inclined to take a bearish view of the situation, based
on reports of more satisfactory crop prospects in most sections of the cotton belt. Early in the week New Orleans advices reported Texas a moderate seller of futures in that
market. The new crop has not been moving with the freedom that some of the trade expected, and there has been
moderate buying by short interests to cover their August
contracts. To-day there was a fairly active and higher
market. Liverpool advices were better than expected and
purchasing by Wall Street intereets continued. At the close,
however, there developed more aggressive selling and the
market turned easier, closing weak and 3@5 points lower for
the day. Cotton on the spot has been quiet, closing at 9c. for
middling uplands.
The rates on and off middling, as established Nov, 20, 1901,
by the Revision Committee, at whioh grades other than
middling may be delivered on oontraot, are as follows,
fair
o. 1'14 on
Good Middling Tinged
Even
Middling Fair
0-80 on Striot Good Mid. Tlnged.o. 0-20 on
0-50 on Strict Middling Tinged.... 006 off
Strict Good Middling
0*32 on Middling Tinged
Good Middling
0-12 off
active

Strict Low Middling
Low Middling

Low Mid. Tinged... 0-34
Middling Stained
050
Strict Low Mid. Stained... 1-06
1-50
Low Middling Stained

0-14 off
0'38 off
0-72 off

Strict

Strict Good Ordinary
Good Ordinary
VOO off
Onthis basis the official prices for a few of the grades
Ike past week— Aug. 2 to Aug. 8— would be as follows.

CPLAND8.
Bood Ordinary

Low Middling

...

..

Middling.....

.........

Smt.

ISon

7-94

7'94

856

856

8-49

7-87
8 49

Tk.
794
856

8 7s

8 78

8 15 16 9

787

8 15 18 8 1B 18

926

Good Middling

Tnu Wed
919

Middling Fair

9-74

9 2b
9*74

aDLF.

Sat.

filou

819
881
9h*
951
999

8-19
8-81

8-12

9 3 ie

9*6
9'44
9-92

Sat.

JRIon

7-44
8'44

744

Ordinary.
Middling..

•Stood

Low

Middling

Good Middling.
Middling Fair..

STAINED.

Low Middling
Middling

800
H

8-12
8-74
9 1*
9 44

992

Toes Wed
7-37
8-37
8 53

737
837

62

tf-32

8-19
8-81

825

9 3 16

9^

Tit.

Fri

8-87

961 9 57
999 10 05

7-44
8 44
8 60

750
850

8-53
860
8 66
894 887 8-87 894 900
The quotations for middling upland at New York on
Aug. 8 for each of the past 82 years have been as follows,

Low

Middling Tinged.
Good Middling Tinned.......

Striot

1902.. ..o. 9

1884. ...0. 6'8

1901
1900
1899
1898
1897
1896
1895

1893......

1886. ...0. 99 16 1878. ...0.12
104
1877
1885
114
12B l6
1013, 6 1876
1892 „„. 7*4
1884
8i*
1891..,.
103, 8
1875
1883
144
1890. .....12^
1874
6ii 6
1882
13iie
174
12i 16
8
1889
1881
1873
20
115i6
11» 16
8
1880
1872
21%
1888. ......1 lie
915 18 1879
193$
1871
74
1887
114
Note.— OnOot. 1, 1874, grades of ootton as quoted were ohanged.
Acoordingto the new classification Middling was on that day quoted
386. lower than MiddUng of the old classification.
8
913 18
63 16

7%

MABKBT AND SALES.
Spot Market
Oloskd.
Saturday .. Quiet
Monday.... Quiet

&
&

FUTUBBS

Mabkkt

Closed

steady.
steady. Quiet &st'dy
Tuesday . . Quiet at lie dec Bteady
Very steady.
Wednesday
Thursday Quiet at lie adv. Very steady.
Steady at ha ad. Weak

8AJ.K8

Ex-

Oon-

Oon-

tump.

traet.

1,427

177
279
28
239

1.427

1.2S8

lotui

1,604

279
2H
....

256
259

.

Total

or Spot & Oomtbaoi

port.

....

I

I

I

239
256
259
2.665

I

I

I

I

I

tOOB
i

I

I

I

I

I

I

a

I

a

i

a

I

I

I

I

I

I

I

I

a

I

a

i

a

I

1

LI

I

I

I

I

WO)
ooo

a

1

a

i

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i

a

oo
WW
WW
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cf.ffl

a

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a

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tOOO

w
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a

OCX
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oo oo
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-ids oo
coco
to
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to

a

i

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id

oo oc

abcD

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to

I

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i

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t>

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i

a

i

i

i

i

a

l

l

i

5

i

a

i

a

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i

i

i

i

i

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;

a

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a

i

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to to

CCCIJ

'

i

i

i

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to

i

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oa

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a

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CO

lb.

CO

t-'l-'

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00 00
oo oo oo oo
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toco
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oo oo OO oo op 00
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a
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wo
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coco
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oo oo OO oo oo 00 00
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00
OCB O03 cooo WW OOO oo
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ow
OW
ow
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coco
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toco

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ao

oo oo oo oo oo oo oo 00 00
0505
dbo CUT. do da> oo oboo
^t-'
toco
coco
toto
coco
oo
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co
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do
dd
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co to
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a
a
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a
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ddi o
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00 00
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oo •I oo oo oo oo oo oooo
II
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WW
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WW WOO H^OO
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a ia
14
a
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MtO COO O5C0 oco oo ow wco to to

1

i

a

!

I

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©M WW
OOD
oo
1

a

9

WO
com

1

i

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oo
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oo
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WW
00
CD CO

I

1

i

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I

1

i

i

I

I

w
OD

I

a

a

i

l

l

i

i

I

i

a

i

a

o
o

l

i

1

:

o
w
CO

o

w
a

a

a

o
co

w
o

1

!

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w
o
a

i2
00
i

a

o
co

a
00
to

The Visible supply op Cotton

i

w

o

CO

00
en

a

a

9»«

a

w
o
made up by

to-night, as
Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Aug. 8), we add the item of exports from the United States,
including in it the exports of Friday only.
1901.
1900.
1902.
1899
315,000 1,016,000
Itooh at Liverpool. .....bales. 537,000 512,000

and telegraph,

sable

•took at

for

967 9-74 980
Tues W«<& T£u Fri
874

999

860
894

9 26

off
off
off
off

9-67

9-51

8-44

»-l9

w.

I
i

36,080
2,555
5,468
735
3,213
3,637
105,934
9,796

7,574
1,915

Mobile

Other ports

!

i

itoch.

Total.

1,314

We a>»B » 3 » e» g B » fiB a
•r
w:

Leaving

Aug. 8 at—

LXXV.

Futures.—-Highest, lowest and olosing prices at New York.

We

Lambert * Barrows, Produce Exchange Building.

[Vol.

is

as follows.

London

Total Great Britain stock.

18,000
555,000
20.000
73,000

8,000
520,000
19,000
81,000

10,000
8,000
825.000 1,024,000
18,000
32,000
103,000 213,000

itook at Hamburg
..
Stook at Bremen
2,000
Stock at Amsterdam...
200
200
200
Stook at Rotterdam
3,000
4,000
5,000
3,000
stock at Antwerp
182.000
102,000
94,000
6took at Havre
.......... 106,000
4,000
3,000
6,000
3,000
stook at Marseilles...
.....
87,000
32,000
60,000
81,000
Stook at Barcelona
.,
49,000
21,000
23.000
14,000
Stook at Genoa
25,000
16,000
6,000
9,000
Stook at Trieste
331,200 601.200
Total Continental stocks.." 262,000 806,200
656,200 1.625,200
Total European stocks.... 817,000 826,200
29.000
39,000
31,000
51,000
India cotton afloat for Europe
73,000
91,000
91.000 125.000
Imer ootton afloat for E'rope.
r
20.000
14,000
16.000
23.000
Esrypt.Brazll.&caflt.for E pe
50.000
60,000
50,000
82,000
Stock in Alexandria, Egypt
464.000 276,000 447,000
Stook in Bombayr, India. ...... 384,000
99,707 850,354
303,957
Stock in United States porta.. 182,409
64,926 154,168
48,159 227,402
Stook in U. 8. interior towns..
4,367
5.653
8,852
3,682
United States exports to-day.
1,641.988 2,038,172 1,273.748 2,840.323
Total visible supply
Of the above, totals of American and other descriptions are as follows:
.

.

American—
397,000 221,000 935.000
.bales. 444,000
stock
232,000 299.000 528,000
203.000 232.000
Jontlnental stocks
91,000 125,000
91.000
73,000
Imerloan afloat for Europe...
132.409 303.957
99.707 350,354
Jnlted States stook
48,159 227,402
64 926 154.163
Onlted States interior stooks.
8.852
5.653
3,682
4,367
rjnlted States exports to-day..
995,988 1,220.972" 762,548 2,118,123
Total Amerloan
Mast Indian, Bratil, die.—
94.000
81,000
93,000 115,000
L/lverpool stock
10.000
8.000
18.000
8,000
London stock
74,200
32,200
78,200
54,000
Continental stocks
5 1 ,000
29,000
89,000
81 .000
India afloat for Europe
01 verpool

rypt,

Brazil,

<bo.,

afloat

16.000

23,000

20,000

14,000

60,000
82,000
50,000
50,000
Stock in Alexandria, Egypt...
384,000 464,000 276,000 447,000
Stock in Bombay, India
646,000 817,200 511,200 722.200
Total East India, Ac
995,988 1,220,972 762,548 2.118,128
Total American.!
.1,641.988 2,038,172 1,273.743 2,840,323
Total visible supply
3i&3ad.
4»8d.
5i9s«d.
4 7sd.
Middling Upland, Liverpool..
64«.
10a.
8o.
9o.
Middling Upland, New York..

Kgypt Good Brown, Liverpool
Peruv. Rough Good, Liverpool
Broach Fine, Liverpool
rinnevelly Good, Liverpool...

7"8d.
7d.
4»ied.
4»ed.

6iied.
7d.

64d.
74d.

44d.
44d.

5Hi«d.
4 7sd.

5°sd.
e^gd.
S^ied.
3&i 8 d.

have been 28.000 bales.
HP Continental imports past week
decrease in 1902 of 396,184

The above figures indicate a
bales as compared with same date of 1901, a gain of 368,240
bales over 1900 and a decline of 1,198,835 bales from 1»99.

f

AUGUST

9,

...

.

THE (HKON1CLE

1908,]

AT thk Intbbiob Towns the movement

—that

is

the receipts

Quotations for Middling- Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other prinoipal cotton markets for each day of the week.
CLOSING QUOTATIONS VOB MIDDLING COTTON ON—

•

week and since September 1, the shipments for the
tMek and the stocks to-night, and the same items for the
(or the

gorraspondlng period of 1900-01— is set ont in detail below.

Week ending
Aug. 8.

Batur.

«:
^.

»:

**

:

o a co a

co*

03
Hi CO.

5>hh;

t»:

H0Hi

o<cx>

o»ao
fc-jHOj^auwai-i^^aoioiooKio^ocoiBuiHikifcHWfflwo
!-•

ts hi

a a a co © <i «j © ea ^

ta

if>.

© co

»
»:

ih
®

v'

-jco»-aco.

cot

M<1

*.•

csoto-

shoo

wo*±

0! -0

il»

•

c»©«j©.m

4

i-

toa!

Boston......

81&16

Baltimore

9H

8«i e

.

Augusta....
Memphis....
St. Louis

93 l8
8*8
813 16
8lSi«

Houston

8"i 6

—
.

Rock.

CO
00

oo

8"l6
9

8«8

8<>8

9

Atlanta..
Charlotte

8»s
9^8

Aug.

J

AUGUST—

8*1
9i 16
815 ia
9»e
9i«
8*8
81316
813 18

Fri.

91 18
815 18
»1«

9>e
8*8

8*8
9>8
93 ia
884

18
|13 16

lw
IL
8\

8%

81*

8»a

9

9

87l«

9

8H

8H

814

9%

^

8H 16

9k
834
11

i.

"

9

814

Columbus, Miss
Euiaula

8^

Louisville.....

9
888

Nashville
Natchez.......
Raleigh
Shreveport....

8<%
83 18

9
8*18

—

Monday, Tuesday, Wed'day, Thursd'y Friday,
Aug. 4. Aug. 5. Aug. 0. Aug. 7. Aug. 8.

2.

8-32W37 S-239-30 8-19©-25 8-19® -24 8-259-35 8-339-40

Closing... 8'34'»-35 S-22®-23 8-21®-22 8'239'24 8-349-35 8-279-29

to

I

9Vi
93 16
8*8
8i3ie
81 8 16

9

Athens

Range

:

8%

fi.is

9ii«

to <1

00

8%

8%

9h6

Sat' day.

MdJUkOMKIH

V OS M ©

cooaco-to^cocDCo ccni^ocoH>©to<i3>a-)

8%
9ii6
8*8

8%

M**

©

MO" «*»^**Ob
-i©»5»w«Jl

8<>B

Thurt,

The highest, lowest and
New
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.

©ats! ©rfnoe*; o>c:©! k3W©-3M

<ococ7«o>a;

8»8

8%

Montgomery.-8%
Orleans uption market.

UCOH>! to

wtacc

aco

838
8«8

8*a

8%

8*fl

Columbus, Q».

«J

oo"
co'

I

if>.

8VJ
8«8

8ia
83s
8»8
8»8

Wednes.

The dosing quotations to-day (Friday) at other important
Southern markets were as follows.

2?

4*
w a »o w hi o © a to o v ih hi

8%

fc°B

Little

C!W»0W*W

81*

8i<)

8ifl

Olnelnnatl

a!

O)toa>

8>«

8iHe

89i«

Wilmington.

:?:::::: «"*: :::::::::!!

**:

!>

8%

Philadelphia
:

Tue$.

New Orleans
Charleston..

ass

Mon.

Galveston...

Savannah...

HaO

297

SbpTbee—

c©o<: moo-aito! Ma «iH^o|
h! a©*" wvxicom. ~jwtowco*»-ji

«»:

tOKjJ

<*oo»

Range

October—

MM
03
to
M
am *»M«Jr-00MMlH
©
a to
A CTCTCO © a tooaocx M
«J C5 N © »3 M
M©
A
Mo*)^HU(n^tDH»t9^M
^ h oo u x m^ 9 m o u v » a o py>

Range

hi

Closing

*»

,

. .

Dec'beb—
Range

>

,

7'59»-65 751 ®58 7-49«-56 7-51*-55 7-559-59 7-539-68
7-62®-63 7-61®*52 7-51®*52 7'54«'56 7-589-59 7-539-64

— 753®

©eo<J.©toto©ccM AOoi3»"a"iHM«wo5 a '©"©oscoeoooVjaokiKi KM
©
tOHOocHi;v]i»Kia«)toi-<cci»!0«i 2 ototijft!ioa3~ii- o«j-] ©<*
m O>4©MiSIH-4O-0JCIiMMt9a©M^l©|HAM©AMMa>]OO<)A.
o
03
,

—

7'79 a -8 6 7*71®-79 7'69«-75 7 69'9-76 7-739-80 7'749-85
Closing... 7-83®-84 7-71®72 7-70®-71 7-7d® 74 7-799-80 7-749-75

bohc>
©»©©®«oco

to

,

Closing...

7-50®-55 7'42-a-50 7-40® -46 7-42®46 7-449-50 7-459-55
54 7-42®48 7-43®-44 7 45®-46 7-499-50 7-459-46
,

,

January—
M
M
CO
©

;

©
o;

•

00.

;
•

»0;

;
!

!
•

W M

10

M
*>•

M
a

•
•

M

;

;

(Shoo cocetoaM- o» w m;
<io>oho!
ao<ataaMaMM©;
CXtOCCtOlH^tOWaD©- — w©©©.

a

to
AMOiM;
OICOMWMM

a

MM;
Mtooo©tOM
©a;
uoto; •jmoowoo
am< cooooocooa

1

ill

©
©
M

to

Q0

JO

MMCOCB i*f*d Z*$i }3

©to ec hi mm a© © *a m aloV *• co lHOo©aosV"i(».VoooaaM
tii>]^o^^o<».ot900(30<cca-4UOic
co a © ** © a m a
0OMCX~l<lN>©M. ©©©©©0D©UO<aOCxOC0A©C0>SUtjCCA
1

pi

752»-56 7-42 a -50 7-41® -47 7-43'3>-47 7-479-50 7-459-56
Closing... 7-53®-55 7-43®-44 7*43»'44 7-45«-4C 7-509-51 7-469

Range

—

Tone—
Spots
Options...

Quiet.
Quiet.

Quiet.

Easy.

Quiet.

8teady.

Steady.

Steady.

Weather Reports bv Telegraph. —Oar

Steady.
Steady.

Firm.
Steady.

telegraphic ad-

from the South this evening are, on the whole, of a
CO
favorable tenor. Rain has been quite general, although the
The above totals show that the interior stocks have de- rainfall has been light or moderate as a rule, and has fallen
creased during the week 4,770 bales, and are to-night 89,237 in many sections where it was claimed to be much needed.
bales teas than at same period last year. The receipts at all In Texas dry weather has prevailed. Our correspondents in
the towns have been 503 bales more than same week last year. Alabama and in some sections of the Atlantic States report
Ovebland Movement fob the Week and Since Sept. l,— improvement in the crop.
Galveston, Texas.—The week has been favorable to cotton,
We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic both as regards rainfall and temperature. Overflowed rivers
The results for the week ending and creeks, however, have done damage, and complaints of
reports Friday night.
Aug. 8 and since Sept. 1 in the last two years are as follows.
boll weevils continue.
There has been no rain during the
week. Average thermometer 84, highest 88, lowest 77.
1900-1901.
1901-1902.
Abilene, Texas. We have had dry weather all the week.
August 8.
The thermometer has averaged 85, the highest being 96 and
Since
Since
'.

•

;

vices

—

Week.

Skipped—
Via St Lou la
.

__ -- _ —~-.

la Book Ieland...„„

....

~-

245

"3oi

1,192
38.093
194,314
91.433
350,878

Total gross overland......^..,
Deduct ehipmentt—
Overland to W. Y., Boston, Ac.

Between Interior towna

„,.

Inland, Ac, from South.........

Total to be deduoted

_«...

40
487

4,029 1,643,494

715
100

869,441
62,946
67,936

1,873

500,323

1,058

Sept. 1.

the lowest 72.
Brenham, Texas. There has been no rain the past week.
5,962 907,738 The thermometer has averaged 84 and ranged from 74 to 93.
32 237,965
Corpus Cnristi, Texas.— Dry weather has prevailed all the
5,105 week. The thermometer has ranged from 72 to 92, averag58,533
634 137,287 ing 83.
Cuero, Texas. We have had no rain during the week.
399 114,801
2,349 289,601 Average thermometer 86, highest 100, lowest 74.
Dallas, Texas.— There has been no rain the past week. The
9,376 1,751,030
thermometer has averaged 85, the highest being 98 and the
3,322 453,133 lowest 72.
98.986
89
Henrietta, Texas. There has been no rain during| the
85,042
1,843
week. The thermometer has averaged 89, ranging from 74

—

819,980
152,599

3,056

_..

Via Cincinnati
Via other routes, Ac

Week.

Sept. 1.

—

—

4,754

687,161

to 105.

Huntsville, Texas.— Dry weather has prevailed all the
week. The thermometer has ranged from 72 to 93, averaging 84.
Kerrville, Texas.
The weather has been dry all the week.
Average thermometer 78, highest 92 and lowest 67.
Lampasas Texas.— There has been no rain during the
week. The thermometer has averaged 82, the highest being
96 and the lowest 70.
1900-1901.
1901-1902.
Longview, Texas.—It has been dry all the week. The therIn Might and Spinner
Since
Since
Xaktnge.
mometer
has averaged 85, ranging from 71 to 98.
Week. Sept. 1. Week. Sept. 1.
Luling, Texas.—There has been no rain all the week. The
11,946 7,449,025 18,002 7,523,346 thermometer has ranged from 72 to 97, averaging 84.
Receipts at ports to Aug. 8
4,622 1,113,869
Palestine, Texas.
Vet overland to Aug. 8
2,156 1,143,171
We have had no rain during the week.
Southern consumption to Aug. 8.
38,000 1,768,000 33,000 1,560,000 Average thermometer 82, highest 92, lowest 72.
Paris, Texas. There has been no rain the past week. The
Total marketed
52,102 10360196 55,624 10197215
* 4,770
interior stooks in excess.
164.339 * 12,432 109,536 thermometer has averaged 84, the highest being 100 and the
lowest 72.
Came Into sight during week. 47,832
43,192
San Antonio, Texas.—The weather has been dry all the
1030675i
Total In sight Ang. 8
10295857
week. The thermometer has averaged 84, ranging from 72

4,622 1,113,869
Leaving total netoverland*..
2,156 1,143,171
* Including movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 2,156 bales, against 4,622 bales for the
week in 1901, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 29,802 bales.

—

,

—

—

,

Korth'n spinners tak'gs to Aug. 8.
8,9612.117.827
* Decrease during week.
t Less than Sept. 1.
Movement into sight in previous years.

Week1900-Aug.
1899-Aug.
1898-Aug.
1887-Aug.

Balee.

10
11
12
13

...

36,693
33.293
23,912
20,446

Since Sept.

1-

1899-00-Aug.
1898-99-Aug.
1897-98-Aug.
1896-97-Aug.

10
11
12
13

1,978,852

Bcdee.

9,085.536
11,119,877
10,993,592
8,389,480

to 98.

Weatherford, Texas.— We have had no rain the past week.
The thermometer has ranged from 71 to 98, averaging 85.
New Orleans, Louisiana.— We have had rain on four days
during the week, the precipitation being one inch and ninety-six hundredths of an inch.
Average thermometer 82.
Shreveport, Louisiana. We have had rain on one day dur-

—

—
..

.
.

THE CHRONICLE.

298

ing the week, the rainfall being two hundredths of an inch.
The thermometer has averaged 83, the highest being 95 and
the lowest 71.
Columbus, Mississippi. —There has been rain on two days
of the week, the precipitation being forty hundredths of an
inch. The thermometer has averaged 90, ranging from 75
to 105.

— We

Leland, Mississippi.
have had rain daring the week
to the extent of seventy five hundredths of an inch. The
thermometer has ranged from 66 to 93, averaging 77 6.
Meridian, Mississippi.— Rust is killing cotton. The plant
in many localities is small from the effect of drought and
hot winds in Jane and July. Crop will be light. We have
had rain on four days during the week. The thermometer
has averaged 84, the highest being 96 and the lowest 72.
Little Rock, Arkansas. Crops are good. There are no
complaints from any source. Dry weather has prevailed all
the week. The thermometer has averaged 82, ranging from
69 to 96.
Helena, Arkansas.— Crops are reported in fine condition and
were not damaged much by rains. We have had no rain
during the week. The thermometer has ranged from 67 to
95, averaging 80 3.
Mobile, Alabama.— Good rains are reported in the interior
and crops show some improvement. We have had rain on
three days of the past week, the precipitation being one inch
and seven hundredths. The thermometer has averaged 82,
ranging from 72 to 93.
Montgomery, Alabama.— The long drought has been
broken, but it is claimed that rain has come too late to help
cotton very much. It has rained on three days of the week,
the rainfall reaching one inch and thirty-four hundredths.
The thermometer has ranged from 72 to 95, averaging 84.
Selma, Alabama.—Crops were improved by recent rains.
There has been rain on two days of the past week, the rainfall being eighteen hundredths of an inch.
Average thermometer 81, highest 96, lowest 67.
have had rain on one day during
Madison, Florida.—
the week, the rainfall being fifteen hundredths of an inch.
The thermometer has averaged 83, the highest being 94 and
the lowest 72.
Augusta, Georgia.— There are some complaints of deterioration. There has been rain on three days of the past week,
the precipitation reaching sixty-seven hundredths of an
inch. The thermometer has averaged 83, ranging from 70
.

—

We

For

Great
Britain.

Continent.

2,000

1,000
4,000
7,000

1,000
4,000
9,000

9,000
68,000
7,000

490.000
562,000
104,000

499,000
680,000
111.000

i',000

1,000
2,000
1,000

1.000
2.000
2,000

3,000
4,000
3,000

46,000
41,000
29,000

49,000
45,000
32,000

.

1,000

1,000

1900-01..
1899-00..

2"6oo

2*000

3,000
8,000
5,000

16.000
18,000
14,000

19,000
26,000
19,000

threat

Total.

Continent.

Total.

Bombay—
1901-02..

190041..
1899 00..
Calcutta—
1901-02..
1900-01..
J. 899-00.

Madras—
1901-02

others—

ill

1901-02..
1900-01..
1899 00..

1,000
1,000

6.000
6,000
8,000

6.000
7,000
9,000

5.000
14.000
8,000

116.000
122,000
86,000

121,000
136,000
94,000

Cotal all—
1901-02..
1900-01..
1899-00..

1,000
4,000

9,000
12,000
18,000

9,000
13,000
22,000

20,000
94,000
23,000

668,000
743,000
283,000

688,000
837,000
256,000

Alexandria Receipts and Shipments of Cotton.—
Alexandria. Egypt,
Aug. 6.

1901-02.

1900-01.

6,468,000

7.000
5,455,000

Receipts (oantars*) luie week....

SinoeSept. 1

Since

this
week.

Sept. 1.

1899-1900.

6,434.000

Since

This
week.

Sept. 1.

This
week.

Since
Sept.l.

Bxports (bales)—
321.000
318.000
5,000 513,000 11*000 348,000

l o Liverpool.... ....

2,000 400,000
8,000 418,000

5.000 834.000 11,000 666.0O0 10.000 818.000

A oantar Is 98 pounds.
t Of which to America in 1901-02, 103,142 bales;
54,989 bales; in 1899-00, 70,595 bales.

In 1900-01,

Manchester Market.— Our report received by cable
from Manchester states that the market is quiet
yarns and dull for shirtings. The demand for India is
improving. We give the prices for to-day below and leave
those tor previous weeks of this and last year for comparison.
to-night
for

1902.

32* Oop.

—

Savannah, Georgia. We have had rain on three days durd.
a.
ing the week, the rainfall being one inch and ninety-foar
July 4 7*3 08ifl
hundredths. The thermometer has ranged from 72 to 94,
" n 738 t»83 16
" 18 7«B 08*8
averaging 84.
"
25 7*18 <>8
Charleston, South Carolina. There has been rain on five
»713 16
Aug.l 7
days of the past week, the rainfall being one inch and thirty
"
8 6i5i 6 a7%
hundredths. Average thermometer 82, highest 94, low-

1901.

8i< /6s. Skirt- OotVn
»9. n~*
ing*, common Mid.
T.JfZ*'
Twist.
to finest.
Uplds
d.

s.

s.

d.

d.

«8
98

f^lO 1

—

5

f>7
f»7

9

©7

6

d.

81* l0 '- Bhirt ' Oott'n
in ff*< common Mid.
to finest.

d.

d.

51 88 7H oak
714 osi*
5
53*3 7*s «8i«
427 32 61B 16 o7'8

!!

7i«

4%

4*8

d.

3i*08
3

2

61B, 6 ©73«

6%

s.

2^98

lipids

2

«8
»71l
«7 10i*

m«7 10i9

0734

a41933
413 3 a
7

14

8

The Agricultural Department's July Report— The

est 72.

Stateburg, South Carolina.— Improvement in the crop is beginning to be apparent.
have had rain on five days of
the past week, tne rainfall being three inches and eightyeight hundredths. The thermometer has averaged 82, the
highest being 96 and the lowest 68.
Greenwood, South Carolina.— It has rained [here on three
days of the week, the precipitation reaching ninety hundredths of an inch. The thermometer has averaged 81, ranging from 71 to 91.
Charlotte, North Carolina.—Crop conditions favorable.
There has been rain daring the week to the extent of thirtyseven hundredths of an inch. The thermometer has ranged
from 68 to 90, averaging 80.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o'clock Aug. 7, 1902, and Aug. 8, 1901.

We

Aug.

7, '03.

Aug.

8, '01.

9-1

Feet.
4*3

160

40

160

5-0

Feet.

new Orleans.... .......Above zero of gauge.
Above zero of gauge.
Memphis.........
Nashville.... ....
Above zero of gauge.
Bhreveport.... ........Above zero of gauge.
Vlokaburg
Above zero of gauge.

20

14

In Virginia, 2 points In Arkansas,
Tennessee, 7 in North Oaroliua,
Georgia and 12 in Florida.

There is a marked absence of uniformity of oondition even in the
States making the most unfavorable showing, not a few counties reporting a condition far above the average, and some even reaching the
high figure of 100.

The condition
North Carolina.
South Carolina
Georgia

Georgia's First Bale.—The first bale of new cotton of
the season of 1902-03 was received at Savannah July 22
from Albany. It was sold at auction in front of the Cotton
Exchange for 11 cents a pound on the following morning,
and will be exported at once to Liverpool. It classed fully
middling. Last year the first bale reached Savannah Aug. 14
28.

Movement from all poets.— The receipts
at Bombay and the shipments from all India ports

India Cotton

1901-42.
Receipts at-

Desk.

Sine*
Sept. 1.

6,000 2,118.000

190001.
Week.

Since
Sept. 1.

5,000 1,907,000

1

18991900.
Week.

1,000

I

88 Mississippi
83 Louisiana
84 Texas

1902.

80 Tennessee
81

Oklahoma

Binee
Mept.l.

906,000

1901.

1900.

1899.

States.

i

-3

I
Virginia
No. Carolina
So. Carolina

92
91
97

94
100
Florida
92
Alabama
94
Mississippi.
96
Louisiana.
95
Texas
100
Arkansas
100
Tennessee.
100
Missouri
..
96
Oklahoma
99
Ter..
Indian
Georgia

.

.

of cotton
for the week ending Aug. 7, and for the season from Sept,
to Aug. 7 for three years have been as follows:

in the principal States is reported as follows •
86 Alabama.
77 Arkansas
92

92
94
77 Indian Territory.. 95
Florida
The June, July and August averages, compared with the
June, July and August figures of previous years, are as

&c—

and in 1900 on July

4 in Louisiana, 5 In Mississippi, 6 in
South Carolina and Alabama, 8 In

follows:

67

27-2

following statement, showing the condition of cotton, was
issued by the Department of Agriculture August 4:
The monthly report of the8tati8tlolan of the Department of Agriculture shows the average condition of cotton on July 25 to have been
81-9, as compared with *-4-7 on June 25; 77-2 on July 25, 1901; 76 on
August i, 1900; 84 on August 1, 1899, and a ten-year averageof 828.
Except in Texas and Oklahoma, which report averages of o mdition
on July 25 four points higher than last month, Indian Territory,
where there has been an improvement of 6 points, and Missouri, where
there is no appreciable change, a more or less marked deterioration is
reported from the entire cotton belt, the decline amounting to 1 point

|

Jute Butt, Bagging,
Jute bagging has been quiet
during the week under review at unchanged prices, viz.:
5% c for 1 4 lbs. and 6c. for 2 lbs., standard grades. Car lots
of standard brands are quoted at 5 5 8 @6c, f. o. b., according
to quality. Jute butts dull and nominal at 1%@1%c. for
paper quality and 2%@2J^c. for bagging quality.

Bombay

Since September 1.

Britain,

Twist.

to 96.

the Week.

Mnport*

from—

LXXV,

[Vol.

Average

..

92
93

95
91

96
84
86
85

91
86
88
83
84

77
80

87
80
80
88

76

3
77

70
72
80
80
86
84
83
84

9

i

86
73
76
78
79
82
88
82

94
86
85
89
88
87

91
88

78
75

85
88
71
91
86
94
75
84

95-1 84-7 81-9 81'6 81-1

772

82-5

73
94
98

81

77
92
92

90 "94
89 95

82
80
81
81

78
"8*8

85

3

3

#

3

74
69
83f 70
71

90
89
79
74
78
70
64
81
78
78
76
74
82
96

758

77
80
74
77
74

67
60
77
83
83

79
87
86
88
88
86
78
81

90
80

77
84

90

80

81

81

84

85

86 ~83
88 83
88 78
85 79
90 93
88 82
83 86
85 86
93 86
82 86
88 84
88 86
78 80
91 93

76-0 85-787-8 84-0

The August 1st averages in earlier years for all the States
were, according to the Agricultural Department, as follows:
91-2 in 1898; 86*9 in 1897: 80'1 in 1896: 77*9 in 1895; 91*8 in
1894; 80-4 in 1893; 82 8 in 1892; 889 in 1891; 89-5 in 1890;
89-3 in 1889; 87*8 in 1888: 93-8 in 1887; 81*8 in 1886 and 98*5
in 1886.

:

AUGUST

9,

:

THE CHRONICLE.

1902.]

EUROPEAN COTTON CONSUMPTION TO AUG. 1.— By cable
we have Mr. Ellison's cotton figures brought down to

to-day

We

give also revised totals for last year that
AngQst 1.
comparison may be made. The spinners takings in actual
bales and pounds have been as follows
Oct. 1 to

Aug.

Great Britain.

1.

Oontineni.

Total.

For 1901-02.
Takings by spinners. bales
Average weight of bales. lbe
. .

2,814,000
4,402,000
7,246,000
488
501
492 9
1,424,841,000 2,148.176,000 3,573,020,000

For 1900-01.
Takings by spinners. .bales
.

Average weight of bales.lbs

2,744,000

4,160,000

510

488

6,904,000
496'8
1,399.440,000 2.030,280,000 3,429,720.000

According to the above, the average weight of the deliverie;
Great Britain is 501 pounds per bale this season, against
510 pounds during the same time last season. The Continental
deliveries average 488 pounds, against 488 pounds last year,
and for the whole of Europe the deliveries average 492 9
Our
pounds per bale, against 496*8 pounds last season.
dispatch also gives the full movement for this year and last
year in bales of 500 pounds.
in

Get 1 to Aug. 1
Bale* of 500 Lot. eatK,
000# omitted.

Spinners' stock Oct. 1

Takings to Aug.

1

Supply....

Great
Britain

Conti-

49,
2,850,

317.
4,298,

366,
7,146.

4,613

7,512
6,671

2,899,

Consumpt'n, 43 weeke 2,758
Spinners' stock Aug.l

1900-01.

1901-02.

141

Total.

nent.

3,913,

700,

841,

Great
Britain
47.

2,789
2,846,
2,774,

72

66,

Tn January

66,
66,
66,

91,
91,
91,
91,
91,
91,
91,
91,
91,
91,

151,
157,
157,
157,
157,
153,
153,
153,
157,
157,

•50,

66,
66,
66,

66,
66,
66,
66,
66,
66,

Tennessee.— Drought broken
the wees, but

many localities

In

most sections by good rains daring
needing rain; rains g reatly bene-

still

fited cotton.

Missouri. -Drought continues In southeast, where cotton

Is deolin-

Ing.

Oklahoma and Indian Territories —Scattered showers, followed
by hot and dry weather; cotton fruiting well and in good condition.
These reports on cotton are summarized by the Depart-

ment

as follows:

The central and eastern portions of the ootton belt have experienced more favorable weather and a very general Improvement In
the oondltion of cotton Is indloated, the rainfall of the week having
The Carolinas, portion s of Georgia,
largely relieved the drought.
Louisiana and Missouri, however, oontinue to suffer from drought,
and shedding and rust are more or less extensively reported In the
central and eastern districts. In Alabama, Mississippi, Tennessee
and Arkansas the rainfall has been generally ample, and exoessive In
the last named State, where ootton has been beaten down to some extent. Central and Northeastern Texas, In oommon with Arkansas
and the northern portions of Louisiana and Mississippi and Western Tennessee reoeived during the fore part or the week from 2 to 10
inches of rain. In Texas ootton is making heavy buah, »nd as a rule
continues to fruit satisfactorily, but there is considerable complaint
of shedding, boll worms and weevil, especially in the lower portions
of the Brazos and Colorado valleys. The latter part of the week was
more favorable, and pioking, whioh Is In progress as far north as the
Red River Valley, with a continuation of the weather of the latter
part of the week, will be general within ten days.

—

Shipping mews. As shown on a previous page, the
axports of ootton from the United States the past week have
reaohed 84,442 bales, The shipments In detail, as made up
from mail and telegraphic returns, are as follows
Total bales.

Oonti
Tot:.

nent.

324

371

4,0 ai

6,860

4,385.

3,784
601,

7,231
6,558
673,

Weekly Consumption,
000* omitted.
*60,

299

88,
88,
88,
88,
88,
88,

138,
154,
154,
154,

154,
154,
154,
154*

In March.
162,
In April
88,
t62,
In May
88,
162,
In June .............
88.
164,
66,
In July
66.
88,
154,
* The average weekly rate of consumption In Great Britain In eaoh
rear is as given by Mr. Ellison, after allowing for stoppage of spindles
In consequence of short supply of cotton.
The average weekly consumption reduoed on account of stoppage
of spindles daring the month, or for holidays.

New York—To

Liverpool, per steamers Bohemian, 3,645....
Cevlo, 3,809
steamer La Oasoogne, 403 upland and 18
per
To Havre,
Sea Island
Hannover,
To Bremen, per steamers Frledrloh, 5,438
2.000
To Hamburg, per steamer Bluoher,549
To Antwerp, per steamer Zeeland, 550
To Baroelona, per steamer Manuel Calvo, 1,600
Trave, 798
To Genoa, per steamers Calabria, 1,450
New Orleans -To Liverpool—Aug. 5— Str. Antilllan, 3,213....
Aug.7 8teamer Traveler, 2,000
To Hamburg -Aug. 7— Steamer Hoerde, 3,300
To Rotterdam— Aug. 4— Steamers Hannah M. Bell, 200;

7,454

421
7,438

549
850
1,600
2,248
5,213
3,300

Wlmborne. 201

401

To Baroelona -Aug. 1 -Steamer Puerto Rloo, 8,334
To Vera Cruz -Aug. 7— Steamer Hugln, 1
pbnsaoola—To Liverpool— Aug. 8— Steamer Vlvina, 1,459
Boston -To Liverpool—Aug. 1— Steamer Saohem, 54
Philadelphia— To Manchester -July a 0— Steamer Manchester

3,384
l
1,459

54

Market, 120

120

San Fbanoisoo—To Japan—Aug. l—Steamer Pern, 300
Total...... -

.

...... ......

—

800

—

34,448

have been 154,065 bales from
the Pacific Coast, 2,150 bales from Pensacola and 1,750 bales
from New York.
Cotton freights at New York the past week have been
Exports to Japan since Sept.

1

as follows.

!

Oar cable states that Mr. Ellison has revised consumption
figures for Great Britain for Jnly by adding 4,000 bales per
week, and has added 1,000 bales per week to Continental
consumption for the season.
The foregoing shows that the weekly consumption is now
157,000 bales of 500 pounds each, against 154,000 bales of
like weights at the corresponding time last year.
The total
spinners' stocks in Great Britain and on the Continent have
decreased 83,000 bales during the month, and are now
68,000 bales more than at the same date last season.

Government Weekly Cotton Report. —Mr. James

Berry,

Chief of the Climate and Crop Division of the U. S. Weather
made public on Tuesday the following telegraphic
reports on the crops in the Southern States for the week ending Aug. 4:
North Carolina.— Local showers over large portion of State,
highly beneficial, but many ooantles still suffering from drought; cotton doing well, but shedding and rusting In dry dlstrlots.
South Carolina.— Showers were numerous and heavy generally,
bat many localities had Insufficient rainfall; cotton at a standstill
owing to much rust, shedding and blooming to top; plant is generally
well fruited, and Is opening freely; first bale ginned on 1st.
Georgia.— Local showers in many counties, bat drought continues
In portions of north and middle sections; general outlook enoour aging; cotton opening in middle and southern counties, picking begun In

Bureau,

extreme south, crop generally promising, although rusting, shedding
and small weed id numerous sections.
Florida.— Cotton was benefited as a whole, bat too frequent showers over portions of northern district caused shedding and rust, plant
below average size but fairly well fruited; muoh open on uplands.
Alabama.- Copious to slightly excessive rains; drought generally
broken; late cotton improved; cotton beginning new growth; well
fruited, some rust and shedding, early opening, picking started, several "first bales" marketed; top orop doubtful.
Mississippi.—Cloudy, showery week; rainfall heavy in north and
ample elsewhere; cotton muoh Improved, damage by overflow and
shedding slight; early-planted cotton small but well fruited and opening in south, late planted giowlng, blooming and fruiting satisfac-

Liverpool .... ......

Manchester

e.

Havre

Matwr.

Mon.

12%
10912

10912

Am*.

121*

e.

18

Bremen, asked.. c.

20

Hamburg

16
19
18
24
24
30

18
20
15
19
18
26
28
80

13*15

14915

e.

Ghent
Antwerp

«.
e.

Reval, lndlreot..c.
Revel, via OanaLc.
Baroelona, Sep.3.0.

Genoa

e.

Trieste

e.

Wednes Thmrt.

JW.

10
10
10-12% 10-12%
10912 10912 10912 10912
18
20
15
19
13
26
28
30

18

18

20
15
19
13
26
28
30

20
16
19
18
26
28

30

18
20
16
19
18
26
28
30

14916 14915 14916 14916

28
28
28
28
28
28
Japan (via 8uei).e.
50
50
50
60
50
60
Quotations are oents per 100 lbs.
Liverpool. By cable from Liverpool we have the following statement of the week's cables, stocks, &c, at that port.

—

July 18.
tales of the

week

bales
Of which exporters took..
Of which speculators took.

dales

American

Aotaal export

Forwarded
Total stock—Estimated
Of which Amerioan—Est'd.
total import of the week.....

Of which Amerioan......

amount afloat...
Of which American

67.00C
3,00C
4,200
54,000
15,000
57,000
693,000
581,000
7,000
3,000
24,000
14,000

July 25
53,000
6,000
3,800
42,000
8,000
59,000
631,000
531,000
4,000
4,000
26,000
15,000

Aug.

1.

28,000
2,800

Ang.

8.

35,000
1,700

500

500

26,000
20,000
52,000
571,000
476,000
12,000
4,000
26,000
14,000

29,000
7,000
50,000
537,000
444,000
18,000
9,000
21,000
16,000

The tone of the Liverpool market for spots and futures
eaoh day of the week ending Aug. 8 and the daily dosing
prices of spot ootton, have been as follows.

torily.

Louisiana.—Cloudy and showery; rain sufficient for agricultural inexoept In sagar region; cotton improved but damaged In
northwest portion by rains and shedding badly; rust Injuring orop In
several localities, pioking commenced In south portion.
Tbxas.— Temperature deflolent and rainfall excessive over greater
Sortlon of State fore part of week, latter part hot. dry and very beneolal to all vegetation; damage by recent inundations not yet known,
but no doubt considerable; ootton making heavy bush, and, as a rule,
continues to fruit satisfactorily, but considerable complaint of shedding, bollworms and weevil depredations by weevil oonflned principally to lower Brazos and lower Colorado valleys ootton-pioking
making fair progress in southern counties, has oommenoed as far
north as the Red River Valley and with continuation of present
weather conditions will be general within next ten days.
Arkansas.— Heavy rains were general except In some localities In
5JS*tta portion; low lands inundated in southeast and southwest; considerable damage; crops generally greatly benefited, though some old
ootton beaten down; some complaint of rust and shedding.

Spot.

terests,

;

Market,
2:30

p.

Sat'day.

Monday. Tuesday Wed'day. Thurtd'y Friday,
In buyers

)

favor.

m.J

4%

aid.upi'ds.
$aies

ipeo.&exp.

;

Wuturet.

Market
opened.

4

P.

If,

H

O.

s,

8>
I

J

M

Market

w
B

s

Easier.

4*

7,000

500

Firmer.
425 3,

Harden'g.

4'8

8,000
600

8,000

7,000

600

500

Qnlet at
partially
1-64 adv.

Steady at

Firm at

1-64 ad-

8-64 ad-

vance.

vance.

B

Quiet at
2-64 de.
oline.

Steady at Quiet at Steady

i@iH

pts.

decline.

K@l

Pt.

odvnnce

2J^@5

at Br'lyst'dy
ptS. itf-*«pts.

ftftVBTICP

advance.

.
.

.

THE OHKomCLE.

300
Ihe prioes of futures

at Liverpool for each day are given
Prioes are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The pricet are given in pence and &4.tht. Thut: 4 63 mean*
4 6 •644.. and 5 01 meant 5 l-64d.

below,

Sa*.
Aug. 2

raon.

Tnec,

Aug. 4

Aug. 5

•

I

1

I
1

I

I

12ia

Ang.-Sept...
8ept.-Oot...

M
o

OcV.Nov....
Nov.-Deo. ..
Deo.- Jan....
Jan.-Feb....

Feb-Mch.

©

A
5

Pi
«<*

•

..
•

Mch.-Aprll..

Tfeurs.
Frl.
Aug. 7. Aug. 8

6.

4

12»a 4 121*
P.M. P.M. P.M. P.M. P.M.
d.

August

Wed.
Aug.

•

d.

d.

d.

P *

d.

4 84 4 35 4 33 4
4 30 4 31 4 29 4
4 19 4 20 4 19 4
4 13 4 14 4 13 4
4 10 4 11 4 11 4
4 08 4 10 4 09 4
4 08 4 09 4 09 4
4 OS 4 09 4 09 4

33
29
20
14
12
10
10
10
4 08 4 09 4 09 4 10

12i« 4
P.M. P.M.

4

d.

d.

A.

4 36 4 38
4 32 4 34
4 22 4 23
4 16 4 17

4
4
4
4

14
12
12
12

412

4 42 4 40
4 3K 4 36
4 27 4 25
4 20 4 19
4 14 4 18 116
4 13 4 16 4 14
4 12 416 414
412 4 16 4 14
4 13 4 16 4 14

April-May..
.

•

BREADSTUFFS.
Friday, Aug. 7, 1902.
Although prices for the grain have continued to sag, the
market for wheat flour has held fairly steady. Values for
mill feed have declined sharply, and, owing to this break in
prices, mills claim that they are unable to accept lower
figures for flour.

The volume of business transacted has

light, buyers not being willing to trade freely unless
they could obtain concessions from previous prices. Newcrop winter wheat has been offered more freely, but it is
claimed that much of it has not been of an attractive qual
ity. Rye flour has been qniet but steady. Corn meal has had
a moderate sale at steady prices.
Speculation in wheat for future delivery has been on a
moderate scale only and there has been a gradual sagging of
prices. The principal depressing factor has been the favorable character of the crop news from the West. Advic38
from the spring wheat belt have reported almost perfect
weather conditions for the maturing and harvesting of the
crop. The movement of the winter-wheat crop has been
fairly free, and this, too, has had its influence against values.
Cable advices from Earope have reported unsettled weather
Kingdom, bat on the Continent the
in the United
weather has been reported as favorable. Daring the
estimate of 775,000,000
the week an
latter part of
bushels as the probable yield of the United States crop was
made public, and this had a weakening influence. The "Cincinnati Price Current" eays that the wheat harvesting reThe
turns are equaling or bettering early expectations.
only sustaining factor has been the baying by exporters,
who have been steady buyers in the spot markets as prices
have yielded. To-day there was a fairly active and lower
market. Favorable weather reports, increasing crop movement and weaker cable advices prompted general selling.
The spot market was active, exporters being free sellers at
the decline in prices.
.
DAILY CLOSING PRICES OP HO. 2 BED WTHTER WHEAT I5NEW

been

YORK

Cash wheat

o b
Sept. delivery In elev
Pec. delivery In elev
May delivery in elev
1>AILT 0LO8IHO PRICES
f.

nai

Man.

lues.

Wed.

Thurt

fri.

77«8

77*

77k

76%
73%

763s
73Sg
73*8
75 1*

75^
Ti\

74 7s

74^2
74i«
76»e

73 78

Sal

Mon.

Tuet.

70^8

6978
68ia
71 1*

74%

760s

OF HO. 2

Sept. delivery in elev....
Deo. delivery In elev
May delivery In elev

73%
73*3
7<*e
75%
753s
74*e
SFBIHQ WHEAT 1H CHICAGO.
69

Wed.

Thurt.

68%
67%

69
68

Fri.

68

6S^
69
668s
69ie
71%
70%
70
703s
Indian corn futures have teen moderately active, but the
tone of the market has been weak, and prices have declined
sharply, the break being most pronounced in values for September contracts. The outlook for the growing crop has
Advices received during the week
continued favorable.
from the principal corn-raising States havw been of a highly
favorable character, the present outlook being for a recordbreaking crop. An estimate was published during tae latter
part of the week, placing the probable yield at 2,800 000,000
Speculative selling has been fairly general, esbushels.
pecially in the Chicago market, and as there has been practically no support given, prices have yielded easily. The
spot market has been easier, bat prices have not declined as
sharply as for September contracts. To-day there was a
weak and lower market, reflecting the favorable prospects
for the growing crop. The spot market was lower and sales
were reported at outports of 200,000 bashela for export.
KIHS,
DAILY 0L.08IMO PRIOM8 OF NO. A MIXED CORK IH
Tuet.
Wed. Thurt.
Mon.
Fri.
Sal.
65**
65
67
64
6SH
67
Gash corn t. o. b
61 7s
59^
60%
58%
55 7a
Sept. delivery In elev.... 62
48
47
46
47%
48%
48H
Deo. delivery In elev

NEW

May

delivery in elev
daii,x olosisiu emeus

45%

45%

45*4

of wo. 2 mixed Oorh
Sat.

Mon.

Tue*.

44%
is

44%

43%

CHICAGO.

Wed.

Thurt.
53»«

57%
43%
41%

47k
43

erate. Daring the latter part of the week an estimate of
850,000,000 bushels as the yield of the present crop had a depressing influence. Locally the market has been practically
bare of supplies for immediate delivery and prices have been
firmly maintained. Supplies to arrive, however, have been
offered at 10 to 12c. per bushel under prices for spot stocks.
To-day the market weakened under favorable crop reports.
DAILY OLOHIHG PBTOB8 OF OATS IN
YORK.
Sat.
Mon. Tuet.
Wed. Thurt.
Fri.
«o. £ mixed in elev..
64
64
64
64
63
62
*<a. 2 white in elev
70
71
69
71
71
70
DAILY CLOSING PRIOES OF HO. 2 MIXED OAT8 IH CHICAGO.
Sat.
Mon.
Tuet.
Wed. thurt. Fri.
8ept. delivery in elev.... 32%
32%
31%
31%
31%
31
Oeo. delivery In elev
81
30%
30%
30%
29%
28%
May delivery In elev.... 31% 31%
31
31%
29%
30^

NEW

Following are the closing quotations:
FLOUR.

©

4tne.. .„.„,». ...... 9....
Saperline-, .... .... 2 90

«3 95
9 4 55
10 ©3 75

Patent, winter.... 93 80
City mills, patent. 4 15

.

®8
00 «3
10 «3
25 ©3

Wheat, per buaru—
o.
Hard Man., Nxl.. f.o.
BPtbern DuL, No.2. f. o.
Bed winter. No. 8 t. o.
Hard No. 2,
f.o.
Jate— Mlx*d,p.bush. 49

White.
No. 2 mixed

00
10
30
50
90
55

No 9 whit*
*

o.

(WAIM.
Corn, per bush.—

b.83%
b.79%
b.75%

62%'?64
f.o. b.64

.

No. 2 yellow
No. 2 white
Bye, per bush-

b.77

©63

f.

o.

b.70

l.o. b.70

—

©65
©61
66% ^72
50 ®53

Western
State and Jersey

60

Barley —West
*Feedm«r
*

September shipment.

o.

o.

Western mixed
No. 2 mixed

69 ©71
50 063
70 ©71

Government Weekly Grain Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States for the week ending
Aug. 4, as follows:
Weather.— A drought

prevailing in the previous week from Virand the Carolinas westward to Arkansas -has beeu largely
broken, the rains being excessively heavy over the western part of
the region named. Drought, however, continues in portions of the
lower Ohio valley, the Carolinas and Northern Georgia. Tbe central
aad northern portions of Texas have again received very heavy rains,
and the lake region and the northern portion of tin Middle Atlantic
States have also suffered to some extent from excessive moisture. The
protracted drought in the central and southern Rooky Mountain districts continues with inoreased severity, and portions of Kansas, Nebraska and the North Pacific coast region are in need of rain. Generally the temperature conditions have been highly favorable.
Corn.— As a whole corn has made excellent progress in the principal
corn-producing States, and an unusually tine crop Is promised. In a
small part of the Lower Ohio Valley and in Southeastern Missouri,
Central and Western Kansas, Tennessee and Virginia, a part of the
crop is, however, suffering from drought.
Winter Wheat.— Some winter wheat remains to be harvested in
extreme northern districts, where harvesting has been delayed by
much rain and considerable damage has been done to crops in stack
and shook Harvesting is in general progress on the Northern Pacific
Coast under favorable conditions.
Spring Wheat.— Spiing-wheat harvest has been somewhat delayed
by showers in Minnesota, where harve-tlng Is in progress as far
north as the middle portion of the State. In North Dakota high
winds and hail have lodged and damaged spring wheat slightly, and
rust is appearing on the late sown. The orop is ripening very rapidly
in thejDakotas, somewhat too raptdly in South Dakota, and harvest
has begun in extreme southern ft or th Dakota. In Oregon and Washington spring wheat has made favorable advancement.
Oats.— Oats harvest in Northern districts has progressed under
rnur favorable conditions than in the previous week, and is nearlng
ginia

-.

more

completion, except in the

easterly sections.

The movement of breadstuff s to market as indicated in the
statements below is prepared by us from figures collected
oy the New York Produoe Exchange. The receipts at
Western lake and river ports for the week ending Aug. 2,
ind since Aug.
xtttittt

at—

1,

for

tltVT.

eaoh of the
JFJwat.

fi>l».198lb- Btuh.enibi

aMlwaukee

92.522

1,747.817

1 8,900

70.400
210,693

137,000

it.

Louts....

iTOt.Wk.1908
wit. 'oi.

wk.'OO.
Since Aug. >
1902
19)1
1900

li

lbs.

2,706,281

51,860

71,613

55,900

15.800

164,540
102,800

84,700
271
13,180

13,600

9.100

120.048
249.299
19,893

25,905

72.000

51,612

1,761.791

222,000

127,800
195.0C0

186,946
447,050

1,166,600

878.400

602.300
514,800

898,872
408.608

8.080,886

1,779.685
8,643,e45

4,681,617

103,041

6,839,918

8.691.477

378,185

5,755,660

3,529,803

3,663.128

62,897
110,283

398.872
408,502
372.lt 5

8,0£0,886

1,779.685

4,681,617

6.889,918

8.648,615
3.629.H0S

8,691,477
8.663,123

5.755.850

.

1.018.118
83,470

145,346
232,659

11,146
18.300

'W«.

Bwk.bOlbr suih.saibj BuihABlbi i>*

31.000

taniai City.

feme
i«m«

BmrltM

34,360

18.003

. .

Omte.

(7«r«.

have been:

902,580
7,000

navaland

last three years

1.268,250

linneapolti.

9,760
8,100

6,276

108.041
68,897
110.288

120.048

U9.299
i)H,388

Tne receipts of flour and grain at the seaboard ports for
the week ended Aug. 2, 1902, follow:
BarUf
lV".«*t,
Cam,
fieur,
Oat*,
8tr«.
"««!».
duji
iuj*.
bbls.
buth,.
»Uf*.
SMttot j a*—
Jaw York

fri.

54%
55%
51%
42
41%
40
42%
40
38
40%
40%
40%
Oats for future delivery at the Western market have been
fairly active, but the tendency of prices has been downward.
Weather conditions in the West have been reported favorable for the gathering of the crop, and this has induced some
speculative selling. Receipts thus far have been only mod-

Sept. deli very in elev....
Deo. delivery In elev
May deUvery in elev

LXXV.

Bxtra, Ne, % . ..„ 3
Rye flour .superfine 8
Extra, No. 1 ,„ «... 8
Buckwheat flour
© ....
Olear-8
«.«„.» 3
Corn meal—
Straights....*,,,,... 3 45 fl>3
Western, etc. .... 3 50 ©3 55
Patent, spring. ... 3 90 ©4
Brandywlne ....
3 60
(Wheat flora' ia sacks sells at prices below those for barrels.)

a

May- June
June July..

[Vol.

,'oiton
Montreal...
fbUa<S«lpiila.

Baltimore
ftlahmond
ftew Orleaui»_

flawportNewa

,

120,760
41,626
87,191

50217
66,612
8.418
13.319
21,936

ialvaiton...
'nrtlan<l.

Me

QuebecTotal weak
vVaek 1901

3.092
19.2»6

7877 820
108,966

868.276
1,836
085,219
191.U77
« 96,010
80,702
238,000
10,000
866,600
115.111
119,000
2,611,262
6.36U.110

8.850

25.458
14,116
12.815
82.602
4.000

241,800
61.H67
11.156
11,618
33,888
6.710
28,666

218,690
788,6d8

121,919
678.603

2.250
7«,609

85,050
11,5.10

7.600

800
),57«
2,112

12,818
103 961

:

.

At gust

Total receipts at ports from Jan,
follows for four years:
HW*

BtctioUoJ—
flour..

bbl». 11,6159,895

Wheat

bu»fc. «4.471,9S3
"
11.601,403
'
84.713.814
l.603.«6»
"
1.799.8 2
"

Corn

OaU

Barley
»Te»...

"

Total craln

103.990.441

1

Aug. 3 compare

to

1001.
18.767,656

1900.
12,397,753

"^.SIO.FSS
89.574.498
48,604,201
3.081,493
2,441.203

53.486 669
112.277.911
44,114. 72
7,614 055
1,686 475

231,221.253

819.029,282

67.278.172
118.6flO.7ftt

48,^26,498
3,297,45-S

8,876.496

235.639.410

Baltimore
newOrleatit..
Mewo'rt Newt
Montreal
SelTMton.....

Quebec

39.251

978.643
972,543

.KB*,

htuh.

1902.

nbw yobk to

3.103
21.938
27,816

19,827

...

-.Great Britain....
.
Other European.....-- ....
China. ... ...... .......... ~
India
._. .--

....

33,848
531.168
531.158

West Indies
Mexico

18.033
5,444
6,444

147.785

37,494

week and

since

,

Flour.Since July
Aug. 8. 1, 1902.

Week

MxtorU for

week ana tince
bbl».
July 1 to—
United Kingdom 136.054
32 8
Continent

A C. America.
Br. N.Am Colo'l

S.

'.6,221

Wait Indie*

2B.881
1.053
17,275

Other eonntrlsf
Total
Total 1900-01

_..

247,294
343.403

TVeek

Aug.

2,

buth.
1,817,889
1,872,801

bbli.

815914
228,313
P4.894
121.661
P.C66

Sines Julv
1, 1902.
bulk.
6,781,577
4,8uo,63d
1,700
. . . .

-

TT«««

Uorn.Since Jutu

Aug.

••

17.198

340
17,826
4,437

6U53

95 654
8,689,560
4,474.487

1,893.701
1,689,076

Wh*U,

Do
Olton

>>Mtj»,

50

11,134 966

H9.251

17,903820

641,502

737,<v«r

afloat

Philadelphia
Baltimore.
Orleanit

New

aalretton
Montreal
Toronto,*Buffalo

Do

,

1902.
buih.
108,565
142.414
J9.039
102.514
18,817
21,634

411,583
8,291,68

•.

MitM.
12 mo

'

2.00C

28. ,00

tooo

80,00-,

29,000

4,000
3.000

2,ort

533,00*6

98.000
25,000
68,000

4,000

8,00t

120,000

'90.000

19,000

S19.00U

"l.OOO

"i.boi'

1,000

8.427.00C

6,397.000

1,313,000

161,000

85.000

"4,000

"1.000

1,000

•••«•

61,000

yard.

—

662.000
?,308,00C

"tooo

Minneapolis

4.754009

"6,000

St, Ijouli

2,935.00ti

—

Duluth

•

47,0c

1144

1,000

65.00

2,000
7,000

12.0C

403,000

10 10
43,000

683,ooo
419.000
602,000

32,000
48,000
50,000

153,066
65.000
14.000

31V006

415,000
517,000

818,000
43.000

400,000

21.973.000
1002.
July 28 1908.. 21.591.000
Aug. 3,1001.. 80,4^9,000
Auk?. 4. If 00.. 47,685 000
Aug. 6, 18»9.. 87,042.000

7,281,000
7,486.000
18,665,000
18,320,000
10,313.000

2,377,000
894,000
4.S54.000
5.6.5.000
4.511.000

Do

Foreign Dry Goods A fair demand is reported for imported dress good?, and in worsted fabrics prices are firm.
tiiiks and ribbons are firm also, with a moderate business.
Linens are selling in limited quantities at previous prices.
Burlaps are dull and tending downward.
Importations and Warehouse Withdrawals ot Dry Goods
The importations and warehouse withdrawals of dry gooda
at this port for the week ending Aug. 7, 1902, and since
January 1, 1902, and for the corresponding periods of last
year are as follows:

afloat

afloat
Do
TUWiirmAPt. Arthur
afloat

afloat

KanaaeCltr
Peoria
Iadlanapolli

On MUiimppl Hirer
OnLakei
On oacalandrlrer. ..
Total
Total
Total
Total
Total

•BH,
7.000

afloat

Milwaukee

Do

make no open reductions. The demand for ducks is
Brown 03naburgs are dull and
quiet, but prices are steady.
easy. Small gales only are reported in bleached muslins,
but prices are without alteration. Wide sheetings are quiet
at last week's reduced prices. Cotton flannels and blankets
are unchanged. Denims are easier to buy in some quarters.
TickiDgs continue irregular. Other coarse, colored cottons
quiet but steady. Kid- finished cambrics in somewhat better
request at the lower prices made last week. The demand
for prints has improved, a fair business being done, chiefly
in staple varieties at steady pricts.
Ginghams are difficult
Print cloths are
to buy for quick delivery, and very firm.
unchanged in price but quiet throughout. Regulars 3c. per

12.000
H.000

81.00^
8,000

65,000

Aug.

8.

'

'*

26,000

9,000

271,000
250,000
658,000
607,000
5US.000

186.00'
100.00
313.001
406.1 tf

m

H

410,000

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New York, Friday, P. M., Aug. 8, 1902.
There has bsen a material increase in the number of visiting buyers in the market this week, but not a corresponding
growth in the volume of business in progress. At first hands
the gain has been slight in the aggregate, while the jobbing
trade has shown but moderate improvement. The quietest,
division of the.marktt is seen in staple cotton?, the demand
for these still coming forward in quite conservative fashion.
There is ueually a good business doing in staple lines this
time of the year, buyers making more or less provision for
their fall requirements, but hand-to mouth purchases satisfy
them just now. There is nothing in sight suggestive of

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while there are concessions being made
quietly in different quarters which encourage buyers in a
belief that outside ol certain specialties a lo^er range of
prices is likely to prevail generally. The continued absence
of an export demand of any consequence is trjing sellers of
heavy cotton goods, their mills are running out of contracts,
and pressure to sell is beginning to show in some directions.
The woolen-goods division of the market has ruled firm in
price, and a lair amount of business has been done in new
spring lines.

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,

fall,

the exception of some of the finer
grades of fancies, the new lines of men's-wear woolens and
worsteds for next spring have been opened. This week's
contribution has not Drought with ic any changes from previous situation. The worsted fabrics nave shown advances
similar to the lines previously opened, and woolens have de
viated very little from last season. Comparisons are made
on staple lines. In fancies there has been so much manipulation of fabrics that comparisons with last season are hardly
practicable so far as prices are concerned. There has been a
fair number of clothiers in the market, and an average
amount of business has been done. Some lines have sold as

i:

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s
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2.^
So

°

Mi

THE DRY GOODS TRADE.

H

A

SE

8

Toronto, last week's stock: closed, owing to holidays.
t New Orleans, last week's stock; this week's not received.

A

"o3

o
et
m

•

higher prices this

170,815

5

sellers

afloat

Detroit.

Do
Chleaxo
Do

884,000

Out;

buih.
163,000

11,706

2

57
272
67

The value of the New ¥ork exports since Jan. 1 to date
has been $8,127,608 in 1902, against $7,541,941 in 1901.
The orders from the home trade for brown sheetings
and drills have been individually light and have made up
but an indifferent aggregate. The export demind has been
small, with business for China at a complete standstill.
Prices are easy in all descriptions of heavy brown goods, but

afloat

Toledo

Do

17,000
469,UOv
458.000
l,Oi8.occ
710,000
857,000
168,000
26,000
680,000

Corn,

177,731

70

1,

The visible supply of grain, comprising the stocks i;
granary at the principal points of accumulation at lake an
seaboard ports, Aug. 2, 1903, was as follows:
J»*ier»et—
•Jaw York

-.

949

528
447

..«

1.

J

bulk.

-

10,124

12,557
13,446
6,670
14,463
1,316
5,322
30,569
8,330

—

Total

3,120

65,592
2,703
30,398
6,488
13,160
1.164
5,035
37,222
4,984

.
Central America. ....
South America...... ......
...
Other Countries

1901, is as below:

1,

790
83 925

Since Jan.

112
22

1,343

Arabia..... ...............
Af rloa

19.286

247,294
287.088

1901.

AUG. 4
Yresk.

680
SO

39236

of these exports for the

The destination
Jnly

8,487

'

.

buii..

:'.::.:.:

1.200
8.46d

Same time '01. 4,483.166

Sarin

4,801

116

Total week .2,589.590

Pint,

bur*

Oat*.
12.715

301

weights has been for limited quantities at steady prices.
Overcoatings are in fair rt quest and cloakings quiet. Woolen
and worsted dress goods are quiet. Staples are firm in price.
Agents have as yet shown few new goods for spring.
Domestic Cotton Qoods.—The exports of cotton goods
from this port for the week ending Aug. 4 were 6,209
packages, valued at $247,631, their destination being to the
points specified in the tables below:

1899.

95,216
B0.S88
3.092
7,312

bu»>».
8i'.489

SS6.S19
864,0*8
145 414
218.000
£jw.»83
200.. 00
40.000
608.347
108.000
146.000

Boitoa

|

commit themselves, and have been
withdrawn from the market. The reorder demand for heavy-

12 258 629

JfJour.
bbli.

Corn,

Wkmt,
SxvotU from— ^u»A.

Fori. and, Me.
fuiiadeiphla..

^
.

:

far as the agents caie to

as

The exports from the several seaboard ports for the week
ending Aug. 2, 1603, are shown in the annexed statement
Hew\ork

—

«

THE CHRONICLE.

1902.

9,

*

1

COCO©©

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THE CHRONICLE.

302
jty

Page.

Be

PUBLISHED WEEKLY.
Terms of Subscription— Payable in Advance
For One Year, including all Supplkments
For Six Months
European Subscription (including postage)
European Subscription Six Months (including postage)

$10 00
6 00
13 00
7 50

The Investors' Supplement is furnished without extra charge to
every annual subscriber of the Commercial and Financial Chronicle.
The State and City Supplement is also furnished without extra
charge to every subscriber of the Chronicle.
The Street Railway Supplement is likewise furnished without
extra charge to every subscriber of the Chronicle.
The Bank and Quotation Supplement, issued monthly, is also furnished without extra charge to every subscriber of the Chronicle.

Term^of Advertising —(Per Inch

Space).
Three Months (13 times) .$29 00
Six Months
(26 times)... 50 00
$22 00 Twelve Months (52 times) ... 87 00
1

Two Months

(8 times)

WILLIAIHIB.

©ANA

.

.

COOTPAIVYjBPubltsliers,

Pine Street, corner of Pearl
Post Office Box 958.

Street,

NEW YORK.

Oar monthly summary

of municipal bond sales for
another
extensive
list of such securities
July furnishes
marketed. That the aggregate for the month does
not attain the exceptional proportions reached in May
and June, is partly due to the fact that Philadelphia,
Pa., and Troy, N. Y., were the only cities to issue
bonds for an amount greater than $300,000. It is
true that the city of Cleveland, Ohio, awarded on
July 16 $1,125,000 school bonds, but as the purchasers
refused to take them, owing to recent decisions of
the Supreme Court affecting the government of the
city, we do not inclo.de them in our table.
The aggregate for the month, aa will be seen from
the table below, is $13,361,550. In July 1901 the
figures were $8,262,495, the average for July for the
decade ending with 1901 being a little over 9£ milIn June 1902 the sales footed up $28,417,172
lions.
and in May 1902 $20,956,404.
Philadelphia's sale of $6,400,000 3^-per cent bonds
on July 24 was of course the most important disposal
They were awarded to a syndicate
of the month.
composed of Drexel & Co., Brown Bros. & Co., Edward B. Smith & Co. and Sailer & Stevenson, all
local houses of prominence, on a basis netting a little
higher than 3*22 per cent. The city of Troy on July 7
sold $400,000 3£per-cent water bonds on a basis of
about 3*363 per cent, the purchasers being Dick Bros.
& Co. of New York.
The number of municipalities emitting bonds and
the number of separate issues made during July
1902 were 220 and 246, respectively. This contrasts
with 207 and 273 for June 1902 and with 167 and
202 for July 1901.
In the following table we give the prices which were
paid for July loans to the amount of $12,452,520,
issued by 193 municipalities. The aggregate of sales
for which no price has been reported is $909,030, and
the total bond sales for the month $13,361,550. In
the case of each loan reference is made to the page of
the Chronicle where a full account of sale is given.
July bond Saxes.
Location.

203. Adams
203. .Adams

Co.,

Tnd

Bate.
4>s

Maturity

19031912

Amount.

Priee.

$17,840

100

2,500
6,500
3,300

100

17
254. .Akron, Ohio
354. .Akron, Ohio
254. .Akron, Ohio
148. .Albany Co., N.

5
5
6
5

Y

254.. Arlington Heights, 111.
148.. Avery vllle (111 ) School
Dist.No. 119
303.. Ballard, Wash

Z%
4
5
4>a

800

100073
10003
100

1903-1922
1923
1922

20,000
16,000
6,000

101-80
102-45

1905-1910
1917

12,000
10,000

103
101-65

102083

4
4

4^

1912
1903-1922
1932
1903-1905
1903-1914

3*2
5*2

6
4

5
251. Brockport, N. Y
3'65
1907-1931
254. Brook rield. Mo
4
11912-1922
203. Buffalo, N. Y. (2 issues; 3*q
1903 1922
148.. Camden. N. J
4
1932
251. Canon City (Colo ) Sch.
Dlst. No 1
4
1 1907-1 917
148. Cass Co., Iowa
4
19031913
203. Cass Co., Minn..
5
1920
£03. Cass Co, Minn
5
1922
203. Chapman (Cal.) School
Dist
5
1903 1912
254. Chelan Co. (Wash.)Soh.
Dlst. No. 1
5
U907-1912
92. .Chester, N.Y
.Chlckaeha, Ind. Ter
Cincinnati, Ohio
Cincinnati, Ohio
Clutler Ua.) Sen. Dlst..
Colesville, N.

203.
148.
203.
204.
204.
255.
804.
148.

4
3*2

1905-1928
1922
1927
1922-1932
t

5

U907-1912

5

LXXV.

Amount

Priee.

$8,000 101-404
98-50
10,000
5,000 100
20,000 100
40,000 100
3,000 101-44
12,000 100666
7,000 100
75,000 100
11,000 100
200,000 101-37
50,000 111-31

25,000 100
23,000 101-71
80,000) ini .„«
30,000 J 10175
5,000

4,000
16,800

107189
100
102-50

4^

1903-1913
1903-1912
1908-1922

65 000 105038
50,000 1T100
37,350 101-666
2,800 100
22,000 100-552
40.000 100
15,000 104-25

Diet. No. 75
204. Covin gton, Ohio
149. .Crookston (Minn.) Soh.

4
5

1904-1921
1903-1905

35,000
1,500

No

1

4

Custer Co., S Dak
Daviess Co., Ind
Davis (Cal.) Sch. Dist..
Dayton, Ohio
Dayton. Ohio

4

1912
1922
1903 1912
1903-1912
1903-1922
1904-1918
1903-1922
1903-1907

Y

.Columbus,

Ga

Columbus Grove, Ohio.
Cook Co. (111.) School

Dlst.

92.
204.
255.
92.
92.
149.
92.
255.
304.
149.

3h
3*3

4

Dedham, Mass

4>a

5
3*$
3**

.Delaware Co., Ohio

3 1!
5

Delray, Mloh

3^
(7 issues)

6

Soh. Dlst..
Co.
(Wash.)

4

1912-1914

5i«

1903-1912
1932

Denver, Colo.

Dixon

(111.)

804. .Douglas

Sch. Dlst. No. 26

Dunn, N. C
Duquesne, Pa. (2
Fairmont, W. Va

149.
255.
3o4.
93.

6
Is.)...

102-41
102-377

5,000 100-06
100,000 100
28,000 101171
7,500 103533
140,000 100-537
75,000 100 38
57,000 101-567
4,600 10282
65,000 100
23,000 100-566
6,000 100166

4,000
35,000
70,000
88,000
4,000

100-55
105-742
106-385
100-30

10,000
20,000
29,000

100
100
100

19041913

20,000

101088

1903-1922
1903-1907
1922

10,000
100,000
45,000

107-75
100-877
100-55

4*2
4<a

Faulkton, S. Dan
5
204. Foley (Minn j Soh. Dist.
No. 45
4ifl
3i§
204. Fort Plain. N. Y
255. Front Royal. Va
4
93. Gallia Co., Ohio
5
93. Gallia Co.. Ohio
5
204. Glen dale (Cal.) School
Dlst..
5
204. Grand Rapids, Mich... 4
304. Great Falis. Mont
5
149. Gueydan (La.) Drainage Diet
5
93. Hackettstown, N. J
3 J*
149. .Halle (Tennj Soh. Dist. 6
204. .Hammonton, N. J
4
204. Hanson Co.. S. Dak
4>t
149. .Hinds Co., Miss
5
149. .Hopklnton. Mass
4
304. .Houston (Cal.) School

U912-1922

100

.

Diet

205. Howard Co., Ind. (31s.)
93. .Hudson Co., N. J
255. .Illon, N. Y
255. .Isle of Wight Co., Va...
255. .Jackson Co. (Mo.) Soh.
Dlst. No. 1
205. .Jaffray, N.
205. .Jefferson Co., Ala
93. .Jewett, Ohio
205. .Johnsonburg, Pa
205. .Kaamazoo, Mloh
149. Keene. N. H

H

255 .Kennebunk,

Me

304. .Kensington. Md
149. .Keystone. W. Va
205. .Kllleen (Tex.)Soh. Dla.

La Grange, Ohio

205

149. .Lake Benton, Minn
205. .Lake Preston (S. Dak.)
Soh. Dlst
98. .Lamberton. Minn
205. Lancaster, Texas
256. .Lewis Co . N.
205. .Lime Springs (la.) Soh.
Dist
205. .Long Beaoh, Cal
205. .Lorain. Ohio
149. .Mabank (Texas; School
Dlst
93. .Madison. Neb
44. .Maiden, Mass. (4 issues)
44. .Maiden, Mass
93. .Maiden, Mass
93. .Maiden. Maes
205. .Marinette, Wis
256. .Masooutah, 111
205. .Matagorda Co., Texas.
205. .Meade Co., S. Dak
256. .Mercer Co.. N. J
256. .Millers Falls, Mass
.

Y

44. .Minnesota
149 .Minnesota Soh. Diets.
(5 issues)

205 .Morgan, Minn.

(2 is.)..

206. . Morgan to wn W. Va
149. .Mt. Gllead, Ohio.
,

206. .Napoleon, Ohio
206. .Neptune Twp., N. J
93.

206
93
44
150

.New Bloomlngton, O...
.New Britain, Conn
.Newbnryport, Mass

.Newport, Ky
.Newton, Mass
150. .Newton, Mass
206 .Norborne (Mo.) Sohool
Dlst

1907-1926
11922-1932
1907-1916

1912-1916
1903 1922
1932
11907-1922
1907-1922
1931

1

6

1903-1912

5
4

19041908

4
5

1912&1917

5

U907-1912

1912
1907-1911

60,000 100
15,000 10075
6,000 101
30,000 103-68
20,000 101125
26,000 103-25
20,000 113-208
3,600 101*666
11,500 100-39
65,000 103-56
4,500 100
9,500 106

3,250
37,000
4
"isisi"
300,000
19031912
6
6,000
4
25,000
3»« On or before '08
50,000
1909-1913
25,000
3>a
1912
4,000
3 1*
5
5,000
119*12-1932
5
10,000
11907 1922
&
10,000
1903-1908
5
3,000
1904-1907
5
4,000
8>fi

101-61
100-946

100
107-89

100125
101
103-92

100
100

10005
100025
103-366
100-875

5

11912-1922

5

1912
11922 1942
1904-1907

6.500 102-692
5,000 102-875
10,000 :ioi
16,000 101-405

1907-1912
1903 1922
*1905

6,200 100
20,000 111-96
3,000 101-833

5
4

4
5
4

1

19071922

5

1

1912-1922

8*9

3^

1908^1919
1922

3 *
3>2
1

1932

3%

1903-1917

3>*

4
5
S 1*

4
3 1*

1 191*2 19*22
i

1912 1922
1941

1932
1910-1911

4

149. .Monaoa, Pa
205. .Montgomery Co., Va...

93 .Muskegon, Mloh.

Co. (Wash.) Boh.

Dist. No.

Maturity.
1912
1903-1912

Rate.

.

MUNICIPAL BOND SALES IN JULY.

Page.

Location.

148.. Bedford, Ind..
92.. Belle Plains, Iowa
92.. Belleville. N. J
203.. Berlin, Wis
254.. Blbckwell. Okla
254 Bllesheld Twp., Mloh..
148.. Bowling Oreen, Ohio..
92.. Brandon (Texas) Soh.
Dlst

Skje QDhrjOtticl-

Transient matter (each time) $4 20
STANDING BUSINESS CARDS.

[Vol.

1903-1931

4
5
5
6
5

4
4
5

8^
3^

5
3 1*

3^
4

119121922
11912**1919
1903-1909
1903-1907
1903-1917
1904-1921
1903-1908
1903-1932

1922
'"1912*""

1932
11907-1922

1,500
5,500
22,000
17.000
25,000 >
15,000 S
15,000
10,000
23,000
57,200
100,000
15.000
200,000

100
101-818

100507
101-56
103-823

100
100
100
100
108-375
113-327

100

10,000 100
11,000 100-50
10,000 100
6.500 101-55
30,000 105416
2,100 111
50,000 JIOO'125
33,990 10015
17.400 100
1.200 102-50
60,000 100-216
18,000 103187
43.000 11381
50,000 101-866
35,000 104628
5,000

10010

—
Avavs*

Rale,
Location.
150. Ooononiowoo(Wls )Soh.
365
Diet
4
94. .Orange. N.J
6
304. .Ortonvllle. Minn
3"*
856. Peek** ill, N. Y
3
304. .Perry Co., Pa
6
180. .Perry Co .Ohio
9^
206. .Philadelphia, Pa
3**
406. .Philadelphia. Pa.
4
150. .Plartevliie, Wis
150 .Polk Co., Minn. (3 la.).. 4-fl
4
94 Port Chester, N. Y
4
206. .Port Chester, N. Y
256. .Red L;<ke Palls (Minn.)
5
8eh. Dlst No. 15
4*9
94. .Bedlands.Cal
206. .Riverside (Cal.) School
••••• 5
Dlst
806. Rome (N. Y.) Son. Dlst.
3*a
No. 1
5
94. .Ronoeverte. W. Va
(N.
J.)
807. .Roselle Park
Sob Dlst
857. .Royalton (Minn.) Soh.
4ki
Dlst
151. .Rye (N. Y.) Soh. Dsst.
.

4

No. 1
207. .8aulna-w, Mioh
857. .Sandstone, Minn
Sasana (Cal,)
151- .Santa

£
5

5
Roh.Dist
3*a
207. .Saratoga Co., N.Y
257. .Saalt Ste. Marie, Mich.
(3 Issues)

207. Schenectady, \N. Y
207. Soranton (Pa.) Sch. Dig.
.

Wash

207. Seattle.
257. Shelby Co.. Ohio
207. ghevlin (Minn.) Sohool
Dlst

207. .Slatinaton,

3 1*
8 90

4
6

3s

257 .South Brooklyn. Ohio..
203 .South Orange, N. J
151 .South Orange (N. J.)
Sch. Dlst
306 .8pringneld.Ohlo
151 .Sterling, 111
306 .8tTomsburg, Neb
151 .Snnbnry, Pa....
806 .Snnbury, Pa
46. .Syraouse, N. Y
257. .Tanoton, Mass
806. .Terminous (Oai.) Sohool
Dlst.
)

4
4

3

Pa

95. . Soni h Bend, Ind

208. .Todd (Cal

Soh. Dlst...

96. .Troy, N.Y
257. .TToy.N Y
208. .TJtiea. N. Y.
152. .Van Wert Co , Ohio
152. .Vermilion Co (111.) Soh.
Dist. No. 118
208. .Verona. Pa. (2 Issues)
258. .Walla Walla Co (Wash.)
Sch. Dist. No. 63
307. .Washington (Mo.) Sch.
.

Diet.

96. Waterloo, Iowa
209. .Watervllet, N. Y
152. .Waukesha, Wis
307. .Waxahaohie, Texas....
258. .WrllBVille, Ohio
47. .Wellston.Ohlo
.

5
4

Maturity.

Amount.

1903-1912
1924-1932
1908
1919-1944
1908-1910
1903-1909
1932
1928-1925
1914-1922
1912
1907-1919
1907-1915

98-91
$22,000
42.000 107-81
12,000 102-30
51,285 100
84,400 100
35,000 109-785
5,000,000 105-30
1,400,000 104*40
15,000 100-013
26,400 100
6,315 10217
8,592 101

9,000

105-477

U912-1932

15,000
18,000

1912-1922

12,000

100-70
102-50
101-30

1903-1917

11,500 10259
25,000 102468
12,000 103-558

1904-1906
1909-1913

3,000
59,000

1932
1921-1932
1914-1932
1922
1903-1907

1917
1904 1927
1912
1922
1905-1919

4

1905-1908

S^

11912-1932

S 1*

U912-1932

3^
3*a

1903-1922
1912

6
6

19031912

1903-1911

5

1916-1930
1918
1903-1908
1903-1905

4

1912-1917

3>-a

I

63,000
10,000
8,000
9,000
53,700
30,000
124,000
15,000

618
11907-1922

4

1922
1903-1934
1903-1922
U912-1932
1912-1941

8S

4

*1906

5
6

4
5

""1912*"
1912

Dlst. No. 45
258. .Yafclma Co. (Wash.)Soh.
Dlst. No. 50
47. .Yonkers, N.
152. .Yonkers, N. Y...
152. .Yonkers, N.

5

U912-1922

5
4
4
4

1917
1904
1904-1905
1903

108-333

100
Jl 00-635

103-305
102-72

10293
111-50
101

100
j

101-50
101-25
101-5O
101-065
101-577

1.800 101-666
2,000 107-80
400,000 102-083
9,800 106 63
28,919 100
1,164 100-51

6

4

100-539

1,500
60.000
6,000
35.000
16,000

4

96. West Alexandria. Ohio.
258. Whltehouse, Ohio
96. .White Plains, N. Y
152. .Wllmont, Minn. (2 1s.).
258. .Yakima Co (Wash.)8oh.
.

\

Lincoln County, Wash.— Bond Call.— The County Treasurer calls tor payment September 1 at the New York Security & Trust Co., New York City, $60,000 bonds, Nos. 1 to
60, inclusive,

103-558
103-333

10010

1,200 100083
9,200 100-21
200,0 00j 100 07
.

&

Total (198 municipalities, covering 213
$12,452,520
separate issues)
Aggregate of sales for which no price has
municipalities,
coverbeen reported (27
909,030
ing 33 separate issues)

1, 1892.

Railroad.

Schuyler County,

Mo.— Bond

Call.— J.

W. Payton, County

Clerk, calls for payment September 1 at the Merchants'-Laolede National Bank of St. Louis bonds Nos. 81 to 48, inclusBonds are dated
ive, for $1,000 each, and No. 141 for $500.
Sept. 1, 1892, and are subject to call after Sept. 1. 1902.

South Orange, N. J.— Bond Call.— Graham X, Brewer,
Chairman Finance Committee, called for payment August 1
at the National Park Bank, New York Citv, $25,000 eewer
bonds, dated Feb. 1, 1892, and redeemable Feb. 1, 1902.

Bond Proposals and Negotiations thi»
week have been

as follows

:

—

Aberdeen, Wash. Bonds Voted. At an election held July
81 the question of issuing $100,000 bonds ($40,000 for refunding, $20,000 for water extension, $20,000 for sewers and
$20,000 for bridges) carried by a vote of 427 to 255.
Co., ChiBallard, Wash.—Bond Sale. Mason, Lewis
cago, were the successful bidders on Jnly 29 for the $10,000
15 year gold water-extension bonds, the price offered being
101*65 for 4*^ per cents.
bid of 101*15 for 5% bonds was received from Thompson, Tenney
Crawford Co., Chicago.
For description of bonds see Chronicle July 26, p. 203.
Barre, Tt. Bond Offering.— Proposals will be received
until 6 p. m., August 12, by Burt H. Wells, City Treasurer,
for §60,000 $%% water bonds. Authority, Act 160, Laws of
Denomination, $1,000. Date, July 1, 1902. Interest
1900.
semi-annually at the office of the City Treasurer. Maturity,
Jnly 1, 1922; optional after Jan. 1, 1918.

—

A

&

&

Bellefontaine, Ohio. Bond Offering.— Proposals will be
received until 12 M. August 21, by the City Clerk, for $15,000
5% gas bonds. Authority, Sections 2835, 2836 and 2837, Revised Statutes of Ohio. Denomination, $500. Maturity, $500
each six months from March 1, 1904, to Sept. 1, 1918, inclusive.
Certified check or cash deposit for $100 required.
Bowling Green (Ohio) School District.— Bond Election.
An election has been called for September 2 to vote on the
question of issuing $35,000 high-school-bailding bonds.
Bridgeton, N. J. Bond Offering. Proposals will be received until 5 p. m. to-day (August 9), by Barton F. Sharp,
City Comptroller, for $25,000 4£ school bonds. DenominaDate, July 1, 1902. Interest semi-annually at the
tion, $500.
Maturity, July 1, 1922; optional
office of the City Treasurer.
after July 1, 1912. Bonds will be delivered to purchaser on
,

—

—

100

7,500 100
19,000 102-474
32,000 10102
26,000 102-54
23 000 100
30,000 102-25
4,000 10410
14,500 101
2,000 104-20
5.000 103-20
10,000 102-10
6.000 101
1,000

June

issued

Salt Creek Township, Lincoln Connty, Kan.— Bond Call.
—J. R. Clark, Township Treasurer, calls for payment September 1 in New York City bonds Nop. 1 to 18, inclusive, for
$1,000 each, issued Jan. 6, 1888, in aid of the C. K. & W.

101833

200,000 100
60,000 11117
220,000 100-42
30,000 11100
100,000 100
20,150 100*446

80,000
45,000

4
4

101-429

1906-1928
1903-1912
1912-1917

1912-1*913

4

102125

7,000

4

3^

102-76
105-80

303

Bond Calls and Redemptions.

Price

2,500
50,000

1912
1903-1942

5

47. .Wellston.Ohio

Y
Y

—

:

THE CHRONICLE.

1902.]

9,

—— —

—

1

.

Nov. 15, 1902.
Bronxville (Tillage), Westchester County, N. Y.

Bond

Offering.— Proposals will be received until 8 p. m., August 12,
by Frank Dinsmore, Village Clerk, for $21,000 sewer bond s
at not exceeding 5% interest. Denomination, $1,000. Date*
Aug. 15, 1902. Interest semi-annually at the Farmers' Loan
Trust Co., New York City. Maturity, $1,000 yearly on
August 15 from 1907 to 1927, inclusive. Authority, Chapter
Certified check for $500, payable to Eiias
414, Laws of 1897.
W. Dusenberry, Village Treasurer, required. The village
has no bonded or floating debt at present. The assessed valuation is $1,400,000.
Canajoharie (Town), Montgomery County, N. Y.—Bond»
are advised that the $30,000 %% gold bridge
Not Sold.—
bonds offered for sale on August 1 were not sold. Town will

&

We

re-advertise.

Canton (Ohio) Union School District.— Bond Sale.— On
August 4 the $70,000 4<r> refunding bonds described in the
Chronicle July 19 were awarded to Denison, Prior & Co.,
* Average of dates of maturity,
t Subject to call In and after the
Cleveland, and Seasongood & Mayer, Cincinnati, at 102*089
earlier year and mature In the later year. S Not including $690,000
and interest—a basis of about 3'82£. Following are the bids:
of temporary loans reported and which do not belong in the list.
New 1st Nat. B'k. Columbus. S70.777 00
« 71
1OT w
<v,
also does not Include $384,116 of Canadian loans nor $50,000 Denison, Prior 4 Co., Clove »
71 .**»
SeasonROOd 4 Mayer. Cin.
Harry E. Weil 4 Co.. Clnoln. 70,481 00
bonds re-awarded during the month. if Taken by sinking fund as an S. A. Kean, Chicago
70.980 00 V. L. Fuller 4 Co.. Cleveland. 70,068.00
Lamprecht Bros. Co., Cleve.. 70.946 00 W. J. Hayes * Sons. Cleve.. 70,010 00
And other considerations.
Investment,
Total bond sales for July 1902...

.($13,361,550

)

.

5

.

t

State Sar.

Bank Co., Toledo.

1

70,780 00

Carbon County (Mont) School District No. 28.—Bond
5- 10- year (optional) bond was
Galveston, Texas.— Notice to Bondholders.—The Bondhold- Sale.— On August 2 a $1,000
awarded
to
the
Carbon
Bank
of Red Lodge at 101 'GO.
County
ers' Committee gives notice elsewhere in our advertising
Following are the bids
columns that arrangement has been made with the New
Carbon County Bank
101-ftO
Thompson, 'Tenney 4 Crawford,
100*60
York Security & Trust Co., New York City, for the payment Union B'k 4 Trust Co- Helena. 100-85
Co., Chicago...
of interest due on those bonds of the city of Galveston whose
Chapman School District, Los Angeles County, Cal.— Deholders have accepted the agreement made between the com- scription of Bonds.—The $5,000 school bonds, the sale of
mittee and the city providing for a reduction of interest for which we recorded in the Chronicle July 26, carry interest
at the rate of 5£. Denomination of bonds, $500, Interest
a period of five years. Non-assenting holders of Galveston annually at the
office of the County Treasurer.
Maturity,
bonds may, for a limited time, be included in this arrange- $500 yearly on July 28 from 1903 to 1912, inclusive. Date of
ment by signing the bondholders' agreement and contrib- sale, July 14.
Charleston, W. Ya.—Bond Offering.— Proposals will be
uting their proportion of the expenses of the committee, not
received until 8 p. M., August 26, at the office of the City Reto exceed 1% upon the amount of bonds owned. Such holdcorder, for $70,000 4£ 10-20-year (optional) street-improveers should address M. I. Mirick, Secretary of Committee, 49 ment bonds. Denomination, $500. Date, Sept. 1, 1902. Interest annually in Charleston.
Wall Street, New York City.

H

I

I

— —

:

:

THE CHRONICLE.

304

Columbus Grove, Ohio.— Bond Sate.— Cleveland papers
state that on July 21 $15,000 4%<& 6 20-year (aerial) electricCo., Cinlight plant bonds were awarded to W. R. Todd
cinnati, at 104*25.
are advised that the
Comanche, Texas.— Bond Sale.—
$10,000 5% 10-40- year (optional) water bonds mentioned in the
Chronicle June 7 have been sold to J. B, Oldham of Dallas
at 102-25.

&

We

Cuba.— Loan.— U.
Department

—

—— —

at

S.

Minister Squiers has wiredjthe State

Washington that the Cuban 3enate on Aug.

2

passed a bill authorizing a loan of $4,000,000 at interest not
exceeding 5% and payable in a period not exceeding thirty
years, subject to call at any interest- paying period. The
minimum price for the securities is fixed at 90#. The same
bill authorizes the Executive to issue within six months
$85,000,000 gold bonds, to take care of the $4,000,000 loan
first referred to and to pay " the indebtedness and obligations
legitimately contracted in benefit of the revolution by the
corps commander after Feb. 24, 1895, and prior to Sept. 19 of
the same year," and to provide for the payment of the obligations of the revolutionary Government. It is claimed that
this loan would be in violation of the terms imposed by Congress in the so-called " Piatt Amendment" defining the relations between the United States and Cuba, and which terms
were accepted by the Cuban Constitutional Convention in
June, 1901. One of the provisions of the arrangement binds
Cuba not to issue obligations unless revenues are sufficiently
large to pay the running expenses of the Government, to
meet interest and charges on the proposed loan and to provide for a sinking fund— conditions which Cuba could not
fulfil in the case of a loan of such dimensions.

Denver, Colo.— Bond Sate,— On July
were awarded as follows

31

this city's

bonds

16,000 bonds. Central Sidewalk Dist. Awarded to the Bellam-Price Investment
Co. for 16.027 50.
8,000 bonds, <'apitol Hill Improvement District No. 2. Awarded to the Bellam-Price Investment Co for *5,0V!6 a5: Thomas J. Tully offered $5,000.
8,000 bonds South Broadway Improvement District No. 1. Awarded to the
Bellam-Price Investment Co. for $3,010 26.
S.0C0 bonds. Sidewalk District No. 10. Awarded to Fritz Thies for $3,030; the
Bellam-Price Investment Co. oflered $3,009 26.
2,600 bonds, Capitol Hill Improvement District No. 1. Awarded to Fritz
Thies for $2.52ft. The Bellam-Price Investment Co. offered *A61S 5C
2,000 bonds. Capitol Hill Improvement District No. 1. Awarded to Thomas J.
Tullv f „r $2,000.
2,600 bonds. Mount View Improvement District No. 1. Awarded to the Bellam Price Investment Co. for $2,611 26.

[Vol.

LXXV.

Geneva (Ind.) School District.—Bond Sale.—It is reported
that an issue of 4%t school bonds has been sold to E. M.
Campbell & Co. of Indianapolis.
Gloversvllle, N. Y.— Bond Sale.— On August 1 the $25,000
3*4% 30-year fire-department bonds were awarded to W. J.
Hayes & Sons, Cleveland, at 100-972— a basis of about 3'448#.
Bids were also received from the following firms
H. Lee
Anstey, New York City; Rudolph Kleybolte & Co., New
York City; S. A. Kean of Chicago and Denison, Prior & Co.,
Cleveland. For description of bonds see Chronicle July 12,
:

p. 93.

Grayson County, Texas.— Bond Sale.—The $1,900 courthouse and jail repair bonds recently registered by the State
Comptroller have been taken by the Permanent School Fund
of Grayson County as an investment.

We

Great Falls, Mont. Price Paid for Bonds.—
are advised that the $45,000 5% 20-year bonds the sale of which was
reported last week were sold to Spitzer
Co., Toledo, at
100 "556 and accrued interest, and not 100 "37, as at first reported. An offer of $47,520 was made for the bonds by S. A.
Kean of Chicago and one of $47,000 by J. M. Holmes of Chicago, but these bids were rejected, as they were not accompanied by a certified check, as required.

&

Green Township, Harrison County, Ohio. Bond Sale.—
2 $1,200 6# road bonds, maturing March 1 4 1912,
were awarded to Jewett Bank of Jewett at,lll'917. Follow-

On August

ing are the bids
Jewett Bank, Jewett
$1,343 00 D. Cunningham
$1,275 00
First Nat. Bank, Barnesville.
1,301 00 Samuel Bobb
1,260 00
State Sav. Bank, Toledo
1.280 60 Lamprecht Bros. Co., Cleve.
1,237 50
.

. .

Greenville, Ohio.— Bond Sale.—On Aug. 4 $2,400 5* 1-3year (serial) street- improvement bonds were awarded to the
Farmers' National Bank of Greenville at 102 '716. Following are the bids
:

Farmers' Nat. B'k, Greenville.$9,4P5 20 Robert Gilflllan. Castine
Second Nat. Bank. Greenvil le. 2,461 00 Columbus Trust Co
I

|

$2,46100
2,405 00

Hamptonburg (Town), Orange Connty,

N. Y.—Bond Sale.
the $7,00U 4% bridge bonds described in the
Chronicle July 19 were awarded to the Walden Savings
Bank at 100 428 and interest. Following are the bids :

—On August

1

Walden Savings Bank
Willing Estate, Warwick
W.J. Hayes & Sons, Cleve

$7/30 00! O'Connor & Kabler, N. Y
$7,004 90
7,025 00 MacDonald, McCoy* Co„Chlc. 7,001 40
7,010 5u

I

Harrison Township (Pa.) School District.— Bonds ProDooglas Couaty (Wash.) School District No. 26.— Bond
posed.
This district, in Allegheny County, proposes to issue
bonds
of
this
district
were
awarded
On
July
26
Sale.—
$4,000
to Thompson, Tenney & Crawford Co., Chicago, at 100*55 for *27,000 school-building bonds.
Havre, Mont.— Bond Offering. Proposals will be received
5^ per cents. Maturity, $100 in 1908 and in 1904, $200 in until
September 6 by G. T. Sanderson, Town Clerk, for $10,19U5, $300 in 1906 and in 1907, $400 in 1908, $500 in 1909, $600
000
10 20-year (optional) sewer bonds. Securities were
6$
in
in
1911
and
1912.
$800
in 1910, $700
authorized at an election held July 21.
Edgewood (Borough), Allegheny County, Pa.—Bond OfHomestead, Pa. Bids Rejected. The Council has rejected
fering. Proposals will be reoeived until August 25 by R. F. all bids received July 31 for the $164,000 4% coupon bonds deEmery, Borough Clerk (P. O. Edgewood Park) for 1512,000 scribed in the Chronicle July 12.
Houston School District, San Joaquin County, Cal.—
4% coupon municipal-building and fire-extension bonds. DeBond Sale.— On Julv 26 $3,600 6% 1-10- year (serial) bonds
nomination, $1,000. Date, Sept. 1, 1902. Interest, semi-an- were awarded
to P. B. Fraser at 101 "666.
Denomination,
nual. Maturity, $1,000 on September 1 of each of the years $360. Date, July 1, 1902.
Hudson, N. Y.— Bond Offering.—This city will sell at pub1926, 1927, 1928 and 1929, $4,000 Sept. 1, 1930, and $4,000
lic auction at 12 m., Ang. 14, at the office of the Mayor, an
Sept. 1, 1931.
issue of $20,000 314% school bonds. Authority, Chapter 254,
77ie official notice of this bond offering will be found among Laws of 1902.
Denomination, $1,000, Date, Sept. 1, 1902.
Interest, semi-anuual.
Maturity, $1,000 yearly on Sept. 1
the advertisements elsewhere in this Department.
from
1912
inclusive.
Certified check for $500 reto
1921,
Ellendale, Minn.— Bond Offering.— Proposals will be received until August 22 by this village for $6,000 5% water quired. Wm. S. Hallenbeck is City Clerk.
Huntington Township, Ind.— Subsidy Voted.— This townbonds, voted at an election held July 22, 1902. Interest will
ship on August 2 voted a subsidy of $78,500 to the Dayton
Security
the
State
Bank
of
Ellendale.
Principayable
at
be
pal will mature $1,000 yearly, beginning October 15, Union & Huntington Railroad, which it is proposed to build
from Union City to Huntington.
1902.
Jersey City, N. J.— Bids Rejected.— All bids received AugFairmont, W. Va.- Bond Sale.— The $88,000 A%% water
6 for the $900,000 4% bonds described in the Chronicle
ust
offered
for
sale
on
July
awardsewer
bonds
25
have
been
and
August
2 were rejected.
They were as follows
ed to Denison, Prior & Co., Cleveland, at 100'30. For deFarson, Leach & Co. and N. W.
Wells, Tlerriek & Hicks, N. Y... 100-79
scription of bonds see Chronicle July 12, p. 92.
.100-19
100T1
Harris & Co, New York
Fonda, N. Y. Bond Offering.—The Board of Trustees will Allen, Sand & Co.. New York.
will
received
auction
p.
m,,
Aug.
Bond
Proposals
be
at
public
at
1
an
issue
of
Jordan,
Minn.
sell
12,
$32,000
Offering.—
bonds to the person who will take them at the lowest rate of until 7 P. M., August 28, by C. Roderig, City Clerk, for $6,000
Interest will be paid annually on July 1 at the 5-10-year (serial) electric-light bonds. Denomination, $1,000.
interest.
National Mohawk River Bank of Fonda, Maturity, $1,280 Interest, not exceeding 5%.
Kensington, Md.— Bond Safe.— This town has sold to the
yearly on July 1 from 1907 to 1931, inclusive. Either 2$ in
cash or a certified check for that amount will be required of National Bank of Washington, D. C, an issue of $5,000 5%
successful bidder. Present bonded debt, $9,000 bonus issued street- improvement bonds at par. Date of bonds, Aug. 10,
for sewer purposes. Assessed valuation, $600,000. Henry 1902. Interest, semi-annual. Maturity, Aug. 10, 1922; optional at any time.
MacLachlan ia Village Clerk.
Knierim (Iowa) Independent School District.— Bond
Fostoria, Ohio. Bond Offering. Proposals will be rereceived until 1 P. m,, Aug. 25, by J. M. Schalzel, City Clerk, Sale.—On August 1 $4,000 5% 5-10-year (optional) bonds were
awarded to the State Savings Bank Co., Toledo, at 102 50.
for $10,000 4% refunding bonds as follows
Denominations, $500 and $1,000. Date, Aug. 1, 1902. Inter$4,000 refunding sewer district No. 1 bonds, denomination |1.000.

—

—

—

—

,

:

.

—

:

annually at the State Savings Bank of Knierim.
Lincoln, Neb.— Bond Safe.— On August 4 the $215,000 refunding bonds described in the Chronicle July 19 were
awarded to the Security Investment Co. of Lincoln at par
Date, Sept. 1, 1902. Interest semi- annually at the Na" for 4 per cents. Following are the bids
For 6* Bonds.
tional Park Bank, New York City. Maturity, Sept, 1, 1922.
For i% Bond*.
$216,075
Par Nelson C. Brock Lincoln
Co.. Lincoln
Authority, Title 12, Chapter 2, Section 2701, Revised Statutes Security Inv.
216.8H8
*'or ii4% fiondt.
S, H. Hurnhara. Lincoln
216.600
Certified
check
for
B.Todd
Toledo.
Ohio.
$500
required.
&
Co.
com.)
Par
SplUer*
Co..
of
W.
Uess $2,600
Frenzer and Cppenkamp Special School District, Butler
Bids were also received from Seasongood & Mayer, Cincinand Granville Townships, Mercer Connty, Ohio.— Bond nati, and from S. A. Kean of Chicago, but these, not comOffering.— Proposals will be received until 12 M., August 15, plying with terms of advertisement, were not considered.
by Henry Frenzer, Clerk Special School District, for $1,400
Linton, Ind.— Bond Offering.— Proposals will be received
Q% 1-7 year (serial) bonds. Denomination, $200. Date, Aug- until 4 p. M., August 13, by Guy H. Humphreys, City Clerk,
ust 14, 1902. Interest, annual. Certified check for $100 re- for $10,500 school-building bonds, to mature one bond of $500
quired. Purchaser must furnish blank bonds.
each six months from Jan. 1, 1907, tc Jan. 1, 1917, inclusive.
600 refunding sewer district No. 1 bond.
3,000 refunding sewer district No. 8 bonds, denomination $1,000.
610 refunding sewer district No. 2, Section 2 bond.
1,0(0 refunding I'erry Street improvement bond.
1,000 refunding Union Street improvement bond.

est

:

I

I

I

|

——

:

August

9,

——

THE CHRONICLE.

1902.]

Long Beach School District, Los Angeles County, Cal.—
Description of Bond*.— We are advised that the $'20,000
school-building bonds the sale of which was recorded in the
Chronicle July 26 were disposed of on July 14. Denomination of bonds, $1,010. Interest 5£, payable annually at the
Maturity, $1,000 yearly on
cffi^e of the County Treasurer.
July 28 from 1903 to 1922, inclusive.
Madison County, Miss.— Bond Sale.-On August 4 the
$70,000 refunding bonds described in the Chronicle Aug. 2
Co., Chicago, at 100*571 for
were awarded to F. E. Fulton
bids :
are
the
Following
cents.
per
4%

&

For 5 Per Cents.
IH Per Cents.
& Co., Chicago.. $70,400 00 Robinson-Humphrey Co., At-172.800 CO
lanta
00
Clncln.
70,160
Seaeongood & Maver,
P. 8. Brlggs & Co.. Cincinnati. 7i:.20<1 00
ForiK Per Cents.
F. M. Staflord & Co., Chatta.. 71,939 60
MacDona)d,McloyAOo..Chi70,000 00 Trowbridge & Niver Co., Chi. 71,670 00
csgo Uess J3.0C0 com.)
70.350 00
W. S.Jones
For 4 4-5 Per Cents.

For

F. R. Fulton

.

70,150 00

Mississippi State Bank.

Magnetic Springs (Ohio) Special School District.—Bond
Offering.— Proposals will be received until 12 M., Angust 14,
by Wm. King, Clerk Board of Education, for $6,000 5$
Denomination, $500. Date, Oct. 1, 1902. InCertified check for 5%, payable to trie
Clerk of the Board of Education, required.
Mrnsfleld, Ohio.— Bond Offering.— Proposals will be received between the hours of 10 a. m. and 2 p. M., August 25, by D. S. Koontz, City Clerk, for $37,100 bonds, as

(serial)

bonds.

terest, semi-annual.

follows
Mulberry Street assessment bonds.
Bowman Street assessment bonds.
5* 1-5-year (serial) Bowman Street assessment bonds.
7.800 55 1-6- year (seriai) Harker Street assessment bonds.
600 5% 1-3-year (serial) sewer assessment bonds.
600 59 1-8- year (serial) sewer assessment bonds.

(21.400 6* 1-6-year (serial)
4,400 i>% 1-6-year (serial)
U.S'.O

$2,750 4* Scott Road Improvement 'bonds. Maturity, one bond of $250 each
six months trom Sept. 1, 1903, to Sept. 1, 1907, except in September of
tbe years 1906 and 190". when *d00 will mature.
9,000 i% Tainan Road Improvement b^nds. Maturity, one bond of $500 on
Sept. 1, 1KU3. and also on Sept. 1. 19 4, and one bond of $500 eich six
monthsjhereafter until Sept. 1. 1912.
25,000 4* Mendon ana Neptune Road improvement bonds, in denomination of
$5u0. Maturity, yearly on March 1, (l.uuo from i90.i to 1910. inclusive,
and $1,600 in 1911 and in 1912; yearly on Sept. 1, $1,000 in 19o3 and in
1904 and $1,500 from 1905 to 191SS, inclusive.

Authority, Title 7, Chapter 8, Revised Statutes of Ohio.
Date, Sept. 1, 1902. Interest semi-annually at the office of
the County Treasurer. Successful bidders to furnish blank
bonds. Chas. A. Kloeb is County Auditor.
Miamisburg, Ohio. Bonds Defeated. At the election held
July 28 the proposition to issue $70,000 water bonds was
voted upon and defeated.
Miles City, Mont.— Bond Sale.— On August 1 the $15,000
5% gold water-extension bonds described in the Chronicle
June 28 were awarded to the Union Bank & Trust Co.,
Helena, at 103-448. Following are the bids
W. J. Hayes & Sons. Cleve... .$15,447 00
Union Bank & Trust Co.,

—

:

Helena.
ford Co., Chicago

$15.61660
15,602 00

|

Chas. H. Coffin. Chicago
J.J. McCardy, St, Paul

15,301 00

Trowbridge

16,107 00

& Niver Co.,Cnlc.

&

:

W. J. Hayes * Sons. Cleveland. 102-36
Farson, Leach & Co.. New York .10100

16,24100

Milton, Mass.— Bond Offering.— Proposals will be received
until 4 p. M., Aug. 12, by J. Porter Holmes, Town Treasurer,
for $315,000 V&f> coupon water bonds. Denomination, $1,000.
Date, Aug. 1, 1902. Interest semi-annually at the National
Bank of Redemption, Boston, Maturity, $11,000 yearly on
Aug. 1 from 1903 to 1917, inclusive, and $10,000 yearly on
Aug. 1 from 1918 to 1983, inclusive. Certified oheck on a
Boston national bank for 1% of the amount of the loan, payable to the town of Milton, J. Porter Holmes, Treasurer, required. Proceeds of the sale will be used to purchase the
property and rights of the Milton Water Co.
Mobile, Ala.— Bond Sale.— On August 5 the $2C0,000 5%
paving bonds described in the Chroncle July 19 were
awarded to tte City National Bank of Mobile at 100-51.
Montclair, N. J.— .Bonds Not to be Issued at Present.—
are advised that the $7,500 school bonds recently authorized
will not be issued for some months.

We

Morgan (Texas) Independent School District.— Bond
Sale.— On August 1 the $7,500 5% 5 20-year (optional) bonds
described in tne Chronicle July 26 were awarded to the
State Savings Bank Co., Toledo, at par and accrued interest
less $100.

Mount Tabor (Ore.) School District No. 5.— Bond Sale.—
This district has sold an issue of $2,000 4% refunding bonds.
Aeedtiam, Mass. Bonds Proposed.—This town proposes to
issue $35,000 bonds, and to this end a special town meeting
will be held to authorize the same.
New Brunswick, N. 3.— Bond Offering.— Proposals will be
received until 2 p. m., August 28, by J. Bayard Kirkpatriok, City Treasurer, for $50,000 4% repaving bonds.
Date of
bonds, Sept. 1, 1902.
Interest, semi-annual.
Maturity,
Sept. 1, 1933. Certified check for 5% of the par value of the
bonds bid for, payable to the City Treasurer, required. Bid-

1

100616

Jos. E. Gavin, Buffalo

1

These are the bonds awarded on April 25 to Seasongood
& Mayer of Cincinnati, the sale of which, however, was never
consummated.
Niles, Ohio.— Bond Offering— Proposals will be received
until 12 M., Aug. 12, by Daniel Casey, City Clerk, for the
Main

on July

:

Thompson. Tenney & Craw-

A

$8,800 5%

A

following bonds

ders must satisfy themselves in advance as to the legality of
the bonds.
New Cumberland, W. Ya.— Bond Offering.— Proposals will
be received until 8 P. M., Aug, 19, by Jasper P. Bradley and
Gr. M. Burford, Bond Commissioners, for $20,000 4% refunding bonds. Denomination, $100. Date, July 1, 1902. Interest annually at the Citizens' Bank of New Cumberland. Maturity, July 1, 1936; optional after July 1, 1912.
New Florence (Mo.) School District.— Bond Sale.- On
Aug. 1 an issue of $1,500 6# 1-6 year (serial) bonds was
awarded to the Hermann (Mo.) Bank at 104'383.
New London, Wis.— Bonds Voted— This city on July 29
voted to issue $35,000 water bonds.
New Richmond, Ohio.—Bond Sate.— On Aug. 4 the $4,000
4% 1-20-year (serial) bonds described in the Chronicle July
19 were awarded to the First National Bank of BarnesviUe
bid of par was aleo received from S. A. Kean
at 100-875.
of Chicago.
Niagara Falls (N. Y.) School District.—Bond Sale— On
Aug. 1 the $35,000 %%% gold school bondsdesoribed in the
Sons,
Chronicle July 26 were awarded to W. J. Hayes
Cleveland, at 102-85 and interest. Following are the bids

following bonds

Date of bonds, Aug. 25, 1902. Interest payable annually.
Securities are in denominations of from $100 to $1,000.
certified check for 10$ of the bonds bid for, drawn on one of
the local banks in favor of the City Clerk, must accompany
proposals, which are to be made on forms furnished by the
City Clerk.
Memphis, Tenn. Loan Negotiated.—It is stated in local
papers that the city has anticipated the publio improvement
revenne for three years by securing at b% interest $225,000
from the Memphis Trust Co. This money will be used for
paving purposes.
Mercer County (P. 0. Celina), Ohio.— Bond Offering.—
The County Commissioners will sell at 1 p. m., Aug. 15, the

305

1.

10.000 4%

:

improvement bonds, maturing one bond of $1,800 yearly
Irom 1904 to 1907, inclusive, and one bond of $1,100 on July

Street
1

1908

water-works-improvement bonds, maturing one bond of $1,000 on
l of the years 1912, 1914, 1916, 1918, 192D, 1922, 1924, 19i6, 1028 and

July

1930.

A

Securities aie dated July 1, 1902. Interest, semi-annual.
certified check for $300 must accompany proposals for each

issue.

Northampton, Mass. Bond Sale.— On Aug. 2 an issue of
%%% gold water bonds was awarded to Merrill, Oldham & Co., Boston, at 102-573— a basis of abou4 > -°76^. Denomination. $1,000. Date, Aug. 1, 1902. Interest, semi annual. Maturity, $5,000 yearly on Aug. 1 irom 1912 to 1921,
$50,000

"

-

inclusive.

North Branch, Minn.

Bonds Defeated.— By a vote

for to 75 against, this village
tion to issue $8,500 bonds.

of

16>

on July 26 defeated a proposi-

Norwalk, Ohio.— Bond Sale.— On August 4 the $10,000 5*
water bonds described in the Chronicle July 26 were awarded to W. J. Hayes & Sons, Cleveland, at 107 90. Following
are the bids

:

105-60
State Sav. Bank Co.. Toledo
beaBongood & Mayer, Clncln.... 107-786 U. E. Weil & Co., Cincinnati.... 104-09
10401
Trust
Columbus Sav.&
Co
Denlson. Prior & Co.. Cleve ....10763
It>.r50
S. A. Kean. Chicago
F. L. Fuller & Co., Cleveland... 107-65
107-34
New First Nat. Bank (for 4s)...lo026
Lamprecht Bros. Co., Cleve

W.

J.

Hayes & Sons. Cleveland.107-90

Oneida, N. Y.—Bond Sale— On Aug. 4 the $20,000 street
and the $5,000 sewer 3}££ 1-10-year (serial) bonds described
in the Chronicle July 26 were awarded to the Oieida
Savings Bank at par.
Ortonville, Minn.— Bond Sale.— On July 31 the $12,0 )0 5£
Sept. 2, 1902, were
6- year town hall bonds, to be dated
Co., Chicago, at 102-30 and blank
awarded to John Nuveen
bonds. Following are the bids
John Nuveen A Co.. Chicago. $12,276 00 Stoddard. Nye & Co.. Minn. .$12.06000
Chas. H. Keith. Ortonville... 12,186 00 Geo. M. Brinterhoff, Sp'gf'd. 12,005 25Trowbridge & Niver Co.. Chic. 12,127 00 W.J. Hayes & Sons, Cleve... 12.005 00
12.077 00 Thompson, Tenney & CrawT. B. Potter. Chicago

&

:

12.0 2 00
S A. Kean. Chicago.
First Nat. Bank, BarnesviUe. 12,061 00

12,005 00

ford Co., Chicago

Otsego (Mich.) School District.— Bond Offering. —Proposals will be received at any time by Geo. E. De Lano, Secretary, for the $12,500 4% school house bonds mentioned in
the Chronicle May 24. Maturity of bonds, $1,000 on Jan. 1,
1905, $2,000 yearly on Jan. 1 from 1906 to 1910, inclusive,
and $1,500 Jan. 1, 1911. The district desires to sell these
bonds to net about
interest.
Palatine (Town), Montgomery County, N. Y.— Bonds JSot
Sold.— The $30,000 '6% gold bridge bonds offered for sale on
August 1, 1902, were not sold. This issue will be re- adver-

3^

tised.

Peabody, Mass.— Bond Offering.— Proposals will be received until 5 p. m., August 14, by Elmer M. Poor, Town
Treasurer, for $95,000 3%% school bonds. Denomination,
MaInterest, semiannual.
Date, Aug. 15, 190,2.
$1,000.
turity, $5,000 yearly on Aug. 15 from 1903 to 1921, inclusive.
Legality of bonds pissed upon by Messrs. Storey, Thofndike,
Palmer
Thayer of Boston.
Perry County, Pa.— Bond -Sate.— During the early part of
July this county sold at par to local investors $24,400 3% jail
bonds. Securities mature in from one to eight years.
Pierce, Neb.- Bond Sate.— The $9,800 5 20 year (optional)
water bonds offered but not sold on June 2 were subsequently
disposed of to Nelson Brock of Lincoln, who took londs
bearing 5% interest.

&

Qnanab, Texas.— Bonds Approved.—An issue

of

$S00O

water- works bonds has been approved by the Attorney -t*en6T3.]

Racine, Wis— Bond Sale.- On Aug. 5 the $25,000 'i%%
school bonds described in the Chronicle July 19 were
awarded to the Manufacturers' Nat. Bank of Racine at ltOOS.
The First National Bank of Racine also bid for tbe bonds,
offering 100 064 for the same.

—

—

THE CHRONICLE.

306

—

Rajiie, La.—Bond Offering. Proposals will be received
until Aug. 30 by O. Broussard, Mayor, for $20,000 5^ water

and light-improvement bonds.
St.

Bond

Ansgar, Iowa.

Offering.

—Proposals will

be

to 1910, inclusive.
Stromal) arg, Neb.— Bond Sale.—The Citv Council has sold
an issue of 59,000 refunding bonds to Nelson C. Brock of
Lincoln at par.
Snnbury, Pa.— Bond Sale—This borough has sold to local
investors at from 101*25 to 101*50 the $30,000
10-30-year
(optional) bonds mentioned in the Chronicle July 19. Loan
is for the purpose of paying off $8,000 of floating debt and for
the repair of the river bank.
Termlnoas School District, San Joaquin County, Cal.—
Bond Sale.— On July 26 $1,800 Q% 1-9 year (serial) bonds were
awarded to P. B. Frazer at 101*666. Denomination, $200.

re-

3^

Date, July 1, 1902.
Terrell, Texas.— Bond Offering.—Proposal will be received until September 1 for $6,000 4£ 5 40-year (optional)
water- works- improvement bonds.
Denomination, $1,000.
Date, July 1, 1902. Interest semi-annually at tbe office of
the State Treasurer or at the First National Bank of Ter-

Sibley (Iowa) School District.—Bond Sale,—This distriot
has sold an issue of $10,500 school-building bonds.
Springfield, Ohio.— Bond Sale.— On Jaly 22 the $10,000 5%
hospital bonds desoribed in the Chronicle July 5 were
awarded to Seasongood & Mayer, Cincinnati, at 111*50.
Springfield (N. J.) School District.— Sonet Sale.— On
Aug. 2 the $17,000 i.% 20-36-} ear (serial) school-house bonds
described in the Chronicle July 12 were awarded to the
Union Connty Trust Co., Elizabeth, at par.
Springville, Erie Connty, N. Y.—8ond Sale.— On Aug. 5
the $6,0t0
water extension bonds described in the Chronicle June 28 were awarded to Denison, Prior & Co., Cleve-

rell.

Tillamook County (Ore.) School District No. 9.— Warrant Offering. Proposals will be received until 9 a, m,, Aug.
12, by B. L. Eddy, Chairman, for $4,700 6% warrants.
Denomination, $50. Maturity, $300 in three years, $300 -.-four
years, $400 in five years, and equal annual payments there-

—

i

after until ten years after date of issue.

H

Denison, Prior

Following: are the bids

& Co.,

Cleve... $6,184 20

W.J. Hayes & Sons. Cleve
O'Connor & Kahler.New York.

6.17160
6,127 62

I

Topeka, Kan.— Bond Sale.— On Aug. 4 the two issues of
5$ 1-10-year (serial) improvement bonds, aggregating $80,000 (described in the Chronicle July 12) were awarded to
the State Savings Bank of Toledo at 101*537.
Trenton, N. J.— Bond Sale.— On Aug. 6 $35,000 %%i 30year repaving bonds dated Sept. 1, 1902; $48,500 Z%% 30-year
school bonds dated Sept. 1, 1902; $15 000 Z%% 30-year school
bonds dated June 3, 1902, and $10,000 Z%i 20-year fire-engine
house bonds dated Sept. 1, 1902, were all awarded to N. W.
Co., New York, at 101*57.
Harris
bid of 10051 was
Co., New York, for the enreceived from Farson, Leach
tire lot of bonds, and John D. Everitt
Co., New York,
offered 10045, 100 62, 100*33 and 1C0 09 for the same, in the
Interest will be payable semi-anorder named above.
nually.

:

A. Kean. Chicago
$6/61 80
Farmers' Bank of Springville. 6,0*6 00
S.

|

Stanford (Ky.) School District.

Bond

Offering.

— Propo-

sals will be received until August 12 by J. N. Saunders, Secretary, for $6,000 6% school bonds. Authority, election held
July 16 under Section 4481, Kentucky Statutes. Denomination, $500.
Date, Aug. 12, 1902. Interest semi annually at
Stanford. Maturity, Aug. 12, 1912, subject to call at any
time. This issue represents the ouly debt of the district.

&

Five per cent of bid required with proposals.
8tow, Mass.— Note Sale. -The $8,000 %%% school notes mentioned in the Chronicle June 31 have been sold to the North

NEW

An agreement has been reached

between the City

Of Galveston and a large proportion of the holders
of Galveston Bonds for a reduction In the Interest
upon their bonds for five years upon all bonds
represented by the Committee, coupons of which
are stamped In accordance with an ordinance passed
by the City of Galveston agreeing to pay promptly
all such coupons at the reduced rate. The Committee has arranged for funds with which to pay
such coupons throueh the New York Security &
Trust Company, 46 Wall Street, New York.
Non-assenting holders of Galveston bonds may.
for a limited time, be incl uded in this arrangement.by
signing the Bondholders' Agreement and contributing their proportion of the expenses of the Committee, not to exceed one per cent upon the amount
of bonds owned, and are requested to communicate
with the Secretary of the Committee, M. I.

MIrick. 4!»

Wall

Street,

CHARLES

S.

New

IWiilcling and Fire

BONDS.

I

I

MUNICIPAL

R. P.

CHEW,
I>. HARRISON,

Secretary.

Perry, Coffin

&

Burr,

BOSTON.

SUITABLE FOR
Savings Banks,

FARSON, LEACH &

Trust Companies,
Trust Funds,

BONDS*
"^ "****•

00.

Public Securities,

Individuals.

CHICAGO.

&

&

Rudolph Kleybolte

ON APPLICATION.

1

Co.,

BANKERS,
Congress

.11. SCUDDER,
BART1.ETT 8. JOHNSTON,
V1RGIN1US NEWTON,

60 State Street,

Street Railway and Gas Companies.

16
36

Chairman.

EDWARD

BONDS

60 Devcnih lr« Bt.

Blodget, Merritt

JOHN CROSBY BROWN,
J. KENNEDY TOD,

San Francisco.

Denver.

BOSTON,

certifi-

ROLLINS & SONS INVESTMENT BONDS

Choice lasses.

L.IST

Exchange and are tbe only Deposit
cates so listed.

BOSTON.

BANKERS,

MUNICIPAL
RAILROAD
CORPORATION

The Deposit Receipts Issued by Messrs.
Brown Brothers «fc Co. lor 1871 certificates are listed on the Nov*- York Stock

BONDS.

MASON, LEWIS & CO.
CHICAGO,

they will continue to receive deposits of Certificates
at the office of Messrs. Brown Brothers & Company,
No. 69 Wall Street, New York City, up to the 16th of
August, 1902, after which date they will be received
only at the discretion of the Committee.

ROBERT

Corporation

Service

Public

Bondholders' Committee.

Monadnock Building.

Certificate*!

AND

E. H.

JOHN O. HOWARD,
J. L. GRANDIN,
JOHN w. HKRBERT,
JOHN W. EDHINSON.

Extension

of the Borough of Kdgewood will
receive proposals for $12,000 Municipal Building and
Fire Extension Bonds (coupon) in denomination of
$1,000 each, dated September 1st, 190»— interest four
per cent, payable semi-annually. The bonds maturing as follows:
Sept. 1, 1929
Sept. 1, 1926 No. 4
No. 1
2
Sept 1,1927
5,6, 7, 8... Sept. 1,1930
3
Sept. 1. 1*28
9, 10,11,12. Sept. 1, 1931
The Boroush Clerk will furnish any further information desired, and will receive proposals until
AUGUST *5T1I, 1902. Tbe right to reject any or
Address.
all bids is reserved.
R I. KMERV. Borough Clerk,
Edgewood Park, Allegheny County, Pa.

FAIRCHIL,D,

W. HALSEY,
CHARL.U8 E. BA1.L.OI*.

DEBT.

To the Holders of Virginia Deferred
The undersigned Committee have received over
$9,700,000 of Certificates, and hereby give notice that

PA.,

The Council

Votk.

N.

LOANS.

WEST VIRGINIA

ALLEGHENY COUNTY,
Municipal

&

NEW

LOANS.

Galveston (Tex.) Bonds BOROUGH OF EDGE WOOD
REPRESENTED BY THE
UNDERSIGNED COMMITTEE:

A

&

^12,000

TO THE HOLDERS OF

LXXV.

Middlesex Savings Bank. Denomination, $1,000. Interest,
semi annual. Maturity, $1,000 yearly on October 1 from 1903

ceived until 8 p. m., Angust 18, by R. C. Lubiens, Cashier,
for $5,000 5% waterworks bonds. Date, July 1, 1902. Interest payable annually.
Maturity, $500 on July 1 from 1912 to
1921, inclusive, all bonds, however, being subject to call
after July 1, 1912. The city has no other indebtedness. Assessed valuation, $100,072; actual estimated valuation, $600,Estimated population in 1902, 750.
000.
Salisbury (Mo.) School District. Bond Offering.—-Proposals will b9 received until Aug. 11 for $15,000 5% 5-20-year
school-house bonds. Denomination, $500.
Date, Sept. 1,
Interest, annual. These bonds were offered as 4 per
1902.
cents on July 30, but all bids received at that time were rejected.

land, at 103*07.

[Vol.

Street, Boston.

NASSAU STREET, NEW YORK.

STATE, CITY & RAILROAD BONDS.

NASSAU

/ The

ST..

NEW YORK CITY

BONDS

AND STOCK
CERTIFICATES

partly Hthoprnplied and jmrlly printed finished In a few
day ; l-iuirisomi' «li'-ii;ii«. must bv seen tn Inappreelnti'il.
Bend Cor MBtples.

MUNICIPAL BONDS.
E. C.

:

;

ft

B. KlNfi

Engravers

(Telephone Connection.;

BOSTON.

PHILADELPHIA.

Co.,

cheapest that are good; the best at the price.

A.LBERT

NEW YORK.

iind

<to

CO.,

l,illio>rr»|>h.T..

105 William

BV.,

New York.

121

STANWOOD &

Co..

BANKERS,
Devonshire Street

BOSTON.

—

———

AUGUST

9,

—

THE CHRONICLE.

1908.]

—

Tuscaloosa, Ala. Bonds Refused. We are advised by the
that the State SaviDgs Bank Co. of Toledo, which on
awarded |125,00O 5% refunding bonds, has declined
was
7
May
to take the same. The Mayor states that he can sell the
bonds at private sale and will not re-advertise for bids.
Van Boren, Ohio.— Bond Offering.— Proposals will be received until 7:30 P. M.. August 25, by J. E, Huntington,
Mayor, for $7,500 5* Main Street assessment bonds. DenomInterest semi-annually at the First National
ination, $500.
Bank of Findlay. Maturity, $1,000 due on March 1 and $500
on September 1 of the yearo 1903, 1904, 1905. 1906 and 1907.
Bidders are required to bid on blanks furnished by the VilSuccessful bidder to pay accrued interest
lage Clerk.
Vermillion Independent School District No. 5, Clay
County, S. Dak. Bond Sale.— This distri ;t on July 23 sold
to John Nuveen &Co., Chicago, an issue of $4,000 4>£ per
Denomination,
cent 5-20-year (optional) building bonds.

Mavor

$250.

—

Vicksbnrg, Miss.— Bo nds Refused Bond Offering.— It is
stated that Seasongood & Mayer, Cincinnati, have refused to
take the $50,C00 i% 10-40-year (optional) city-hall bonds

awarded to them last May, and that the Board of Mayor &
Aldermen has decided to increase the interest rate to 5% and

again advertise for bids. Proposals are therefore asked for
the bonds at 5% interest until August 11.
Warren, Ohio. Bond Offering.—Proposals will be received
until 12 M August 25, by A. L. Jameson, City Clerk, for the
following bonds
,

:

$87,600 i% West Market Street improvement bonds. Denomination. $600. Date.
Sept. 1. 1902. Interest, March 1 and Sept. 1. Maturity, $2,500 yearly
on Sept. 1 from 19u3 to l«17, inclusive.
19,000 i% Porter Avenue improvement bonds. Denomination, $500. Interest,
Feb. 16 and Aug. 15. Maturity, $2,000 Auk. 15, 190 1; $2,600 yearly on
Aug. 15 from 1904 to 1907, inclusive, and $1,000 yearly on Aug. 16
from 1908 to 1914. inclusive.

Certified check for $1,000 must accompany proposals for
each of the above issues.
Warren Township (P. O. Barnesville), Belmont County,
Ohio. Bond Offering. Proposals will be received until 12
M., Ang. 26, by S. B. Piper, Township Clerk, for $15,000 3%%
road bonds. Denomination, $500. Interest March 1 and
Sept. 1 at the First National Bank of Barnesville. Maturity, $500 yearly on Sept. 1 from 1903 to 1907, inclusive, and

—

INVESTMENTS.
Geo. D. Cook Company,
INVESTMENT SECURITIES,
Counselman Building, 238 La

Salle St.

CHICAGO.
Broad Exchange Building, 25 Broad

8t>

NEW YORK.

307

$1,000 yearly thereafter until paid.
required.

WashiDgton (Mo.) School District.— Bond Sale.— We are
advised that the $7,500 4% 5-20-year (optional) bonds mentioned in the Chronicle Aug. 2 have been sold to the Bank
Date of bonds, July 1, 1902.
of Washington at par.
Waterville, Me.— Bond Sale.— On August 1 the $10,000 %%%
25-year refunding bonds were awarded to Ernest E. Decker
of Waterville at 105*50. Following are the bids :
N. W. Harris & Co., New York. .101-887
Ernest B. Decker. Waterville.. .105*60
I

103-41
102-56

K. H. Gay &Co., Boston
Bath Savings Bank

ITarson. i.eaoh

&Co..New Vork.10200

I
I

|

Denlson, Prior* Co.. Cleve
A Co.. Boston.

Jose, Parker
8.

A. Kean, Chicago

semi-annual.
Weiser, Idaho.— Bonds Voted.— By a vote of 122 to 15, this
place on July 81 authorized the issuance of $40,000 water
and electric-light plant bonds.
Bond Offering. Proposals will be reWinnsboro, S.
ceived until 12 m., August 15, by J. E. McDonald, Chairman
Board of Public Works, for $10,000 4%<& 20-40-year (optional)
Denominations, $100, $500 or $1,000, to
electric light bonds.
suit purchaser. Interest, January 1 and July 1 at the Winnsboro Bank or at such New York bank as may be agreed upon.
Certified check for $250, payable to the above named Chairterest,

—

C—

man, required.
Wi Win ton Place,

Hamilton County, Ohio.— Bond Election.—
gives notice that an election will be

W. M. Yeatman, Mayor,

held August 16 to vote on the question of issuing $30,000
street-improvement bonds.
Wisconsin. School Loans. The following is from the Milwaukee " Sentinel :"

—

Madison, Wis.. July 80.— A number of loans of State money to school diswere made to-day. They are as follows: Joint District No. 1. town and
village of Walworth, Walworth County, $10,000; Joint District No. 1, town and
village of Wilton and towns of Wellington and Rtdgeville. Monroe County,
$lo,0uo; Joint District No. 2, towns of Mukwa and Lebanon, Waupaca County,
$8,000; District No. 15. town of Brlgham. Iowa County, $6,0C0; District No. 4,
town of Dixon, Clark County, $800.
tricts

INVESTMENTS.
F. WILD & CO.,

J.

BANKERS.

BANKERS,

31 and 33 PINE ST., NEW YORK.
BOSTOM
CHICAGO.
Deal exclusively In Municipal,
Railroad and other bonds adapted
for trust funds and savings.
ISSUE TRAVELERS' LETTERS OM OREDI7

Mexican Government and State Bonds. A VAILABLE IN ALL PARTS OF THE WORLD

Indianapolis, Ind.

FOR SALE, HIGH-GRADE

MUNICIPAL
RAILROAD

CORPORATION

Quotations furnished for puronase, tale or exchange.

C. H.

WHITE

8c

CO.,

51 Liberty

St.,

MacDonald, McCoy

171

NETTING FROM 4% TO

BONDS,

172 Washington Street,
IilST

BONDS

and

Netting from

%%

to 6* always

115 Dearborn

T. B. POTTER,
MUNICIPAL and nnkinc

CORPORATION

Street, Chicago.

CORPORATION

6%.

OFFERINGS MAILED ON REQUEST.

.

.

ILLS.

St.,

CHICAGO.

Send for our Investment

R.

F.

Circular**.

171

BONDS.
Unlisted Stocks and Bonds,
Ala* Old Defaulted

RR. Bonds.
18 Wall St

DAVID PFEIFFER,

S.

LI3T.

DENISON, PRIOR & CO
CLEVELAND.

BOSTON.

Street,

Co.,

CHICAGO.

1. &vxwlfiL M>cn&&zx

Sc

®o. t

itftlds,
523 Western Union Building,

la salle street,

CHICAGO.
INVESTMENT BONDS.

Kidder &

184 La Salle

Municipal Bonds,

VICKERS A PHELPS,
New York.
INVESTMENT BROKERS,
HIGHEST GRADE RAILROAD

Chas.

FULTON & CO.,

3END FOR
•

Albion, Neb., 4s to net 4*.
Randolph, Neb., 5s to net 4M<.
Monroe, Iowa, 5s to net 4X.
Bloomfield, Neb.. 5s to net 4H%.
And other Bonds.
Additional information on application.

§8.000
4,300
6,000
3,007

on hand.

OH APPLICATION.

15 Wall Street

Oldest Bond House in Indiana.
Prices and circulars upon application.

SPECIAL OFFERING.

DUKE M. FARSON &CO.

FOR SALE

•CHICAGO,

La Salle

MUNICIPAL

SECURITIES

BONDS.

BONDS.

New York.

INVESTMENT

& Co.,

AND CORPORATION

MUNICIPAL

BANKERS,

101-06
100*00
100*00

For description of bonds see Chronicle July 26, p. 209.
Waxahachie, Texas.— Bond Sale.— We are advised that
this city recently sold at par to Ellis County $23,000 4jg
10-30-year (optional) refunding bonds dated March 1, 1902.
The bonds retire part of $14,000 city-hall, $7,500 improvement and $5,500 water 6£ bonds issued March 1, 1892. In-

INVESTMENTS.
W. HARRIS & CO.,

N.

Certified check for $500

<rbicaao, TWlnofg,

TRANSMISSION ROPE.

CORDAGE
M

S

J

1

AwAU
N^

A D i DT
A E
L,
.

SPECIALTIES.

DC

H

c

H

CD.

KNAPP,JR., &CO., THE AMERICAN
BANKERS and
MANUFACTURING
Investment Securities,
In
Dealers
COMPANY,

31 Nassau Street.

STEW

YORK

CITY.

153 La Salle

Street,

CHICAGO.

63

WAZL

STREET,

NEW YORK.

—

— —

a

THE CHRONICLE.

308

Madison. Wis., Auk. 1.— The following State loans were made to school disthe rate of Interest being S%%: District No. 3. town of Lake,
Price County. $10,ooO; District No. 7, town of Lake, Price County. *50C; District No. 1, town of Sherwood, Clark County, $5uO; Joint District No. 2. town
of Wittree and Rosebunr, Clark County. »B00: Joint District No. 4, towns of
Hansen and Seneca, Wood County, $800; District No. 4, town of .Rock, Wood
County, $000.
tricts to-day.

Bonds Approved.—

Wolfe City (Teias);School District,

The Attorney- General has approved an

issue of $5,000 school-

house bonds.

Wortham (Texas) Independent School

—

District.—Bonds

Registered. The State Comptroller recently registered an
issue of $6,000 school-di9trict bonds.
Worthiugton, Minn.— Bonds Defeated.— At an election
held July 29 the question of issuing $15,000 water and light
bonds was voted upon and defeated.
are advised by J. M. Meeser, Vil
Bonds to be Issued.—
lage Recorder, that the Council is prepared to issue $6,300 it
Northwestern
20- year refunding Cedar Rapids Iowa Falls

We

&

RR.

bonds.

—

Wyandotte, Mich. Bonds Defeated. The question of issuing $50,000 sewer bonds was defeated at an election held
early this month.

Bonds Defeated.

Wymore, Neb.

—At
H
—

20. 19C2. and maturing Feb.
Authority, Section 16, Title 7, of City Charter.
4,462 30 4% emergency bonds, dated Aug. «0, lWOsS, and maturing July
Authority, Section 1, Chapter 147, Laws of 1902.

assessment bonds, dated Aug.

3^

interest— a basis of about
Geo. M. Hahn. New York
Jno. D. K veritt & Co.. N. V*

3 , 486'/.

100-27
1

I.

&

1,

1904.

5.

1903.

Chronicle July 19, p. 152.
Youngstown, Ohio.— Bonds Proposed. The City Council

:

New

PRIX.

*

nor, yoke,

And

150

m ah*..

Duanb Street, New York.

SECURE BANK VAULTS.

York.100 176

Bound and

BOWLING GREEN
TRUST CO.,

Drilled,

and positively

Burglar Proof.

CHROME

STEEL.

f

FIRST

MORTGAGES

Send for

booklet

and

Secretary

Wm.

Wlnne

Building.

WICHITA, KANSAS

Mention this paper.

Burlington 4m.

Mlddlehnry 4s.
Essex Junction Gold 4s.

HAKRY

H. POWELL & CO.
Woodstock. Vermont.

1,11808

1.703 40

1,102 20

For

all

25,81860

'

26, 1902, p.

J.

Frank Jay Gould,

John A. Hilton.
Mvron T. Herrtck,
Edward ll.Ladew,

John
John Skelton Williams
E. F. C. Young.

P.

-

for

$2,125,000.
$2,437,500.

Court and Trust Fundi.

Acts as Financial Agent for StaVes, Cities. Towns.
Railroads ana oti.tr < urp<iratious. Transacts agenLends moiifj on approved
eral trust business.
security. Allows interest on special deposits. Acts
as Trustee under Mortgages, Assignments and Deeds
of Trust, as Agent for the Transfer or Registration

of Stocks and Honds, andforthe payment of coupons.
Interest and dividends.
.1. WILLCOX BROWN, President.
J. BOWDOIN, 1st Vice-President.
LLOYD L. JACKSON, 2d Vice-President.
J. BERNARD SCOTT, Secy. & Treas.
NESS, Asst. Secy. & Treas.
CARROLL

Henry Wallers. Andrew D.Jones, J. L Blackwell,
W. B. Brooks Jr., Joshua Levering, Geo. C. Jenkins,
John S. Wilson
Lloyd L.Jackson, .lames Bond,
J. S. Lemmon,
H. A. Parr,
J. D. Baker.
Clayton C. Hall,
"

Life

States

Munn, M.D.,

The Oldest Trust Company

In

Oregon."

PORTLAND
TRUST COMPANY
OF OREGON.
BENJ.

I.

COHEN,

8?, 1887.

President.
B. LEE PAGET, Secretary.

The Ponlnnd Tiuwl Company

YORK.

President.

FINANCE COMMITTEE:

....

and successful Agent* who

make DIRECT CONTRACTS

L F. Loree.

A. von Lint-en,

(i.

Incorporated Atril

GEO. G. WILLIAMS, Pre*. Ohem. Nat. Bank
James R. Plum,
Leather
Clarence H. Kelsey, Pr. nuouar. <e Tr. Co

to

-

SAFK DEPOSIT BOXES, FOR RENT.

1902.

Insurance Co.
THE CITY OF HEW
John

A Legal Depository

P. Truesdell,

The United

Active

BALTIMORE.

D/REC7DRS:

William n. Tavlor,
Samuel Thomas,
Edward R. Thomas,

T. Eckert,

Edwin Gould,

IH

W. Corner Calvert and German 'Streets,

Win. A. Marburg,! J.WillcoxBrown.i J. A. Tompkins,
B. N. Baker,
8. Mandelbaum,
11. J. Bowdoin,
Leopold Slrouse, Fred'k W. Wood, John Pleasants,

W. Mlddendorf,

Henry A. McGee,
Winslow S. Pierce,

Wm.Nelson'Cromwell.

Thomas

N.

VAN

M. Laws,

ol'

Ore Boa

Interest •BrarlnK Ci ttllicntes
poxlt upon the following term si

Immik-s
!>•

with

thit

well-established and progressive Company,
thereby securing for themselves not only an
immediate return for their work, but also

i

109 Third

Street, Portland, Ore.

CAPITAL, $2,000,000.
SURPLUS & PROFITS, $4,289,362

59.

ate with their success, are invited to com-

municate with RICHARD JE. COCHRAN,
Third Vice-President, at the Company'*
Office, 277 Broadway, New York City.
Assets, over 8N.000.000.

Insurance

In

of

Oi special Certificates of Deposit, not less than
$500 each," payable upon 10 days' cull by the holder
or 10 days' notice by the Trust Company. 3H per
cent per annum.
Payable on 30 days' call or 30 days' notice, SH
per cent per annum.
Payable on 90 days' call or «0 days' notice,4 per
cent per annum.
in certificates? of $!>,000, or over. Interest will bs
paid quarterly or semi-annually if desired

PORTLAND TRUST COMPANY OF OREGON,
desire

an increasing annual income commensur-

GILT-EDGE VERMONT BONOS.

1,724 Si

1.402 P0

HENRY

Edward A. Maher,

Amos H. Calef,
Edmund C. Converse,

latest offering.

WINNE & WINNE,

1,420 44

SURPLUS,

DIRECTORS:
Andrew Langdon,

WORKS,

On Improved Farms
Netting the Investor l> per cent Interest.

'$1,13218
L130 26

Maryland Trust Co.,

BROADWAY NEW YORK.

Charles P. Armstrong,
Geo. R. Bldwell,
Frank Bralnard,

Kent Ave., Keap and Hooper Sts,,
BaleMan'f'erslntheU.S.
BROOKLYN, N, Y.

CHOICE OKLAHOMA

1,747 76

CAPITAL,

EDWIN GOULD
President
SAMUEL THOMAM
„. - Pre
,Ce „
" ldeD "
WILLIAM U.TAYLORr
JOHN A. HILTON... Vlce-Pres. cfeTrens.

Flat Wars and 5-Ply Plates and Angle
FOR SAFES, VAULTS, &c.

Cannot be Sawed, Cut or

*$1,74970

TRUST COMPANIES.

1850.
GENUINE
WELDED CHROME STEEL AND IRON

St. sewer.

209
Zanesville, Ohio.— Bond Offering.— Proposals will be received until 12 m., Aug. 30, by C. W. McShane, City Clerk,
for $1,900 Ninth and Hahn Street sewer, $10,500 Wayne
Avenue paving, $700 Belknap Street paving and $500 Mead
Street sidewalk bonds, or such amounts of said bonds as the
unpaid assessments for each of the improvements amount to
on the day of sale. Date of bo ads, Sept. 1, 1902. Iaterest
5%, payable March 1 and Sept. 1 at the office of the City
Clerk. Maturity, one fifth yearly. Certified check for $500
on a national bank required.

PAPERS WILLIAMJH. LAWS

WHITING PAPER COMPANY,

sewer.

Successful bid.

}

They are the only American papers whioh ha vp
aver received this— the highest honor that can be
conferred.
It means they are the most perfect
made. Insist on having them for your One corres
pondence and your office stationery. Are you using
Whiting's Ledger Papers in you Blank-Book
Samples and booklet free.

sewer.

*{1,44093
1.4S8 60

For descrption of bonds see Chronicle July

OFFICERS:

STANDARD

»1,400
H.7C0
$1,100
Wilson Ave. Maple Ave. McKinnev

'

Capital, $2,500,000 Surplus,$2,500,000

WAS AWAODKD AT TOT PARIS EXPOSITION TO

St.

.

Sherrill, Poughkeepsie....l0C-22

26

WHITINtt'S

—

has directed the City Solicitor to prepare the necessary
papers providing for the issuance of $150,000 4% 30 year citybuilding bonds.
Bond Sales.— The following bids were received on Aug. 4
for the four issues of bonds of this city. The awards are in-

Denison. Prior &
Firemen's Pension Kund.Y'town
New First Nat. Hank, Columbus. 20,709 00
20,6"2 26
Seasongood & Mayer. Cincin
Columbus Savings & Trust Co... 20,470 00
R. Kleybolte& Co.. Cincinnati... 20,380 00
Lamprecht Bros. Co.. Cleveland. *0,258 66
S. A. Kean, Chicago

:

W.

,

tion of bonds see

119.500

MISCELLANEOUS.

THE GRAND

:

&

paving,
Co., Cleveland.*$zo.800 00

New York, at 100*27 and
Following are the bids

Farson, Leach &Co..

0026

basis of about 8'289? if bonds are redeemed at their optional
date and 3 '338$ if allowed to run their full time. Bids were
also received from the following firms The Security Title
Trust Co. of York; N. W. Harris
Co New York; W.
J. Hayes & Sons, Cleveland; The Lamprecht Bros. Co.,
Cleveland, and Dick Bros. & Co., Philadelphia. For descrip-

Holmes

Yonkers (N. Y.) School District.— Bond Sale.- On Aug. 4
bonds described iu the|CHRONlCLK July 26
the $102,450
were awarded to Geo. M. Hahn,

of 102-45

it

dicated

:

456

was received from S. A. Kean of Chicago,
was not acoompanied by a certified check, as required, the bid was rejected.
Yorh, Pa.— Bond Sale.— On Aug. 1 1he,$65,0CO %%% 20-30year (optional) highway-improvement bonds were awarded
to J. & W. Seligman & Co., New York City, at 103 07—
but as

an election held July

refunding bonds was
22 the question of issuing $50,000
voted upon and defeated.
Yazoo City, Miss.—.Bonds Proposed. The Board of Mayor
and Aldermen has given notice of its intention to issue
$200,000 water, sewer and electric light bonds. If, after
three weeks' publication of such notice, no petition for an
election is presented, the board will proceed to arrange for
the issuance of these bonds.
Yonkers, N. Y.—Bond Offering.— Proposals will be received until 3 P. M., Aug. 11, by Michael J. Walsh, Mayor,
for the following bonds
18,000 00

A bid

LXXV.

[Vol.

Force over S40.00U.0UU

Fidelity

Trust Oonipany

Philadelphia.