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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 OOOt Hit- 1 f M CO rHO a&VCOOl t» — 03 CON 00 > » »*» vl-© rH9H* •S 0»W H 09 CDOOt 10 w» cc t- 12, 1882. rHf-O lOCHr- 1 03 0) OOliOt-COOt CO C9 «-!•« 1 *" 00 00 «J <o 00 rH CO * JOO 1 etc 1 O rHOJHH- OOQO cv T» 03 CO CO CO the t-OOOOC-OJSO 001- 10 •— CO OT CD 03 C- 00 CO CO CCO c- 10 00 03 -H t•* HO« "1 o»o» •* IlCO eo cq ls* rHOl l<* .-•»•> !N CO s ft s CO 1 •*e»s» 1 0Q.CQH- 1 * OUOO t-COODKO ca an OC9IO CO 09 CO 00 OCMCCCOODCCt •* f* r- I-Or" 00 00 CAI0t-10U3a3 1— >» 00 03 rH C0O3rH 03 00IO« — SO) ^•oj a HJ" COCt-t-cc '3T 1 C CO 53 t* 1 NOOl ec — ma 1 0)0) ... » e»0) . 1 •*+ e» : : . . • 1 . s> • :S : . ® g a •a ih : : : '. : . © , I m -r a "5 h S 5- ftogj 05 »H . ** « ,H -J *93Ct>c. 00 00 OD CO COCK 1 1 - rH Oh * w4 COO •O COO o<* CO rH StrH coco COrH COrH •*» 00 CO OtrH rHCO COCO etc* COX r-co ©CO CO StrH 1 ncoHxwa) rHrH COrH OO CO OOO Hoaccov " t-eo CO ^#COC-t»010 1 rH* r-CO r-O 000 <=> I 1 „ - • • 3 9S ; fl oe • • . \ z aCO CO CD CO l W*3 CO cd a OOIOH— 03 .^ 25^ 63 CD CO e- exixc-^r-o e 9 §u3§ H»rH eooocDoo co C0cClO^-t-0« XC-X»r-ie- hOO H^ 04 ^( CO ro WO-JCX — & m 4 Pnogo 03 rH -* ^1 e a CO XOO Oh H 0)01 I c H 03 ^i rH CO oatO'-ino OCOtO 00 03 00 coo XO-c« CO 00 03 • CO 00 OU <o «* j • StrH OC0C01OC-U3 ODOC-t-03IO coouoooxco ° * St CO CO oo 00 e» : a 0" Td . . CD CD 0* •* rH 00 00 -JT-OI-COCO 1 1 rH ^H OD OL CO C- CO fH SI TtCf a» 'room O 00 00 CO 00 JO OOO CM 00 J. <oc- r-CO r-ej rHCM I00 »CO <* rH CO rHCO CMO» OJrH H 0-» ^ ° CO »<- ,-hoco 08.N-W-* . _ ocno rmos * O CO O0D-05OO T» CO IO CO « 03 00 00 c- 00 Hn CO so OOiHt- COOQCO *ftX>CN CD 03 oc•00 r-O CO CO °° 1 C-00 r. °« "* CO coo E — 00 CO 00000 eaconf •*COO CO CO -CO 00 coo 1 1 rH coco o«co en 10 T* ot 1 rHr-03 n rH 0» 03 03 uu CO ob flflli'j IOCO * OJ«0«00COO» 00 .0OO m £.00 CO CO U3 CO COO) COCOlO 00 tD 03 C G » JO t-H* CO ot 1* HH rH IO DO V OM OO. CO COO « O OOO COO — ooo ^GO rHf TfOO rH Ot 00 1 uOOvHOcoeo OJCOCO — H<» t» 00 CO do* — CSCO GO.® CO JO *H • c- t- 03OC-CCI» «. c-^< 031OHO 00 * rH Ot rHiH *l 00 Cn fH ^- 1c« I- lC» CO to CO CO K3 o»o» C l-C-CO «» rHOO daBM a oca CO -» e =0 1- 00C-iHf^t» 00 •* w »ot-c5oor- ^H "-* m C3 CO r-< or 00 CO ,-ieor«*M © c QDCQO3C0 X CO CO h- ta 00 f* XCOCI«C) 00 t- »o 1 (000 juiiued.) IDOOOOCOC- CO 00 ot CO 01hiohO>0 O3 - 00 — nOOlO 0» a 1 et* ot -« coooo»t-c- ^, ^» en - Ll- *t si rHaoec; OS CO .-. cceox CO - * *d«r-ci 10 & r -V C0O3X eejrH cuoc- 1 03 •fcrHcoc- 25 »=. CO s h. $ 316,614,767 314,238,811 313,609,837 315,113,392 317,460,382 320,074,924 322,278,391 325,009,306 326,212,186 328,198,614 328,845,067 328,406,351 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. : u a a GO < i P ; ; ; ; ; a> . • cj • • • • . • . • com ho «2 w a H a 00 GO *-< O fe : : ! a E*^t3 .* : StrH OO fcoo r-O OO fJoo coco CO * : •OJrH TJ CO • : : : : U " :: • • : : . ACO COO 03 rHrH 2 "3 P3 • - . ... • : C3 +- B:: £ • tJ . •a a- c > .a > * : • E § S >> 03 — S >S H-HrH CQ BJ .HJHH co »- m S3 r. t- P OJ3| O a ® !*H CO 43 •0 HA CO 00 f. eo 33 fcH -5«P3 1— £ 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 ) »aqo 005 93 * •« qk* 017 05 •«»' DL, "' ,,i ' ) ) J ? ., aqq 090 41 * ' K2 ' l s"-• 841 *'-' 122 ' 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 l i a oo WW WW i I a cf.ffl a I ! a Oft tOOO w CO a OCX O05 i a oo oo od -ids oo coco to 00 Cn to a i I « id oo oc abcD OOO to I I I I i I l i i I t> r; i a i i i i a l l i 5 i a i a I i i i i i *a ; a I I a i m| a to to CCCIJ ' i i i i I to i i oa I ' a i il i a CO CO lb. CO t-'l-' I i 00 00 oo oo oo oo oo •100 toco oo oo CO COM CO*. oo oo OO oo op 00 -a o WW WW WW dd oo £** ooo 00 05 00 CD 00 *» COW WM a a ai a a a oo oo oo oo oo CD CO 05 wo wo do do ©*»• coco coco CO 00 05 05 oo MtS oo oo OO oo oo 00 00 WCn WW wen 05 eb OO MM 00 OCB O03 cooo WW OOO oo a a a a a a oo oo oo oo oo oooo WC3 W05 05 05 ft-J OOD 00M 00 M oo oo COM oo o oo oo oooo oo oo oo 005 COO tOM ow OW ow MOO ow to oo M05 coco MO oeii toco I I l II i to to ao oo oo oo oo oo oo oo 00 00 0505 dbo CUT. do da> oo oboo ^t-' toco coco toto coco oo oo OO oo oo oo OOOO co o do dd dd oo CO COM OOM oo coco cooo ON o co to o a a a a a a a a a a oo oo oo oo oo oo oooo O-J coco ddi o od od 00 00 ©CO OOO eo#> oo ©e ©o oo •I oo oo oo oo oo oooo II o dd o o aa> 6>&> dd oo dec coco WW o w WW WOO H^OO & o a ia 14 a a 9 ia-ia a oooo oo oo oo oo oo oo oo oo II cow oo do do do do do do ooo 050 MtO COO O5C0 oco oo ow wco to to 1 i a ! I OO oo ©M WW OOD oo 1 a 9 WO com 1 i I OO oo CO M oo o oo coco oo WW 00 CD CO I 1 i o 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 ! ! 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 a © SB o 2 1 l : ; : • • i • : : . I . • © : §! m . • ; I . . i ; i ; S m • » © h! 1 . O "m f © 2 S: i i Bg e si i • • ! ! i & §gS§|S * w^S P e <£ at M |. : K 1 c* S&S- I • 8» a H' • • i p ! 1 ! j i 3 • i | i « 5 i i S i ..... o 1 • ! 1 I ' • gi o a 5 Pi 1 V * H M w ! « 1 . : . i . H . B — © © o ©O '-'0» -a H to OS CO m If If ~J 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 oom a' CdtotOtntt i ; ' 1 »<i*.io*. *.a-aoGO(o MM GO 03 ce'xoo'-j <l:o CO tO GO 03 tO yi<y>oo if en COM 0 03 H pw w <IOI 00 "tO ttTf *3 *k co or CO 05 to 00 OS CO «3 03 00 ' © 'a w M CO » -3 2 M «q~JOitO-3 05 M o© If GO CO tO^JlOi©^OJ > 00 <1 03tO If CO CO if if COM oaoif mco a <1 c Ol f 03M COM MMtOCON M a e ^ M» « COP•z »- a ?°4 03 CO 05 03 ~J fvjlf tOOO 03 M tO03O>«3)t0 © UO 03 05 y to tow M <1 O>08 loXsoow^J ©33 If ««0 M 00 03 MM if CO ©00 if 03<I 03 03 QOQO 3 03 tO a © ex Ol B a O CO >o M a w a woo ©<1 Q CO If to If o> KJOMCOM © CJ.MCXC3 M •491 COO) no<l m H H O CO CO if 03 CO M-joeoco © © if if co co #* if to If coco f-CO If H >-•>-• OIC0 00IO-4 Ollf toco© if 03 * if 1 MMCOWkO tow-jooo vJOtOlf to ^tOMCBOw GO Woolen Goods,— With 03M WtO SI «JM©tO0D s M<«lf 0OO3 •• t% T -.< 1 © If "cnV <1S3 CO CI><I CT3 Otl-t If toco 00 © ^1 CKM 500 woo -* If O3 00 -*J (OCX coco I 1 1 to © CD ^ Ol a © © •q MMtOlf tO •JQ0MC0© OlMtOf f If to CO CO CO c* vj 00 C* 00 ex CO "a VIMCOOOCO 1 5 m hi 00 CO 00 "-J© 'JO CO If 00 03 03 CD WtOOi I «p en to tO w to 00 © CO m^ o, -q © rj, 1 QOOl COU M03 wlf If « OCO 9 comoo'osV * OCO »JMM^ W a "-0J m !f to M tOO>OlCO<l OOOlOlO otocolaoa if ooloj If M 03 CC3 *J . a 3; 03Mt«OOM O. tO If if © COOlf 03 VI 00©CH"-00 tOOJ— ©<] GTj -JOItO-vICO tooo © 03 if to 8 »• CO 1-"^ MOl If© wo OJW M Ol© COM CO to coco CO 00 M ©OICO-O) •v| 3, If 1 1 to if <1 00 en en If co if to co co at (OX to 00 03 CO If Oi 03 03 03 00 0100 00 03 O-JCDO OB 1 a oo >1 •* *• .^ si a r * v % 2 M n e N5 * *-**-• © M tO ©JO CO 00 •JJroGOCoCO .( a h-lf If tO if Ji CO CD tO 03 33 CO 03 03 00 CO 03 ill '-, «0 tOMSOO0O3 Ol to MMtOlf M oootOMeo OS If M'«f'«o©'co en ^l jv M«) tO CO tO to to toco *-• Oi"©oo"-Jao OltO 03 M CO 0> if OltO ppMCOp CO M wojf jfp |! « k4 coco © to © Of coco" M M d -tooioito ^ a f o«w©-j~j > 05 If cocowo* j 4 M <1W If If COM M ©cocji©co 03 CO UU z tOOSMCOM ©CO 03 tO 03 00 V" » :< O / CO •^ OI*»C0-4C0 u a WirtCOMro O0«J otoooos© CM if •7, © Icoo tOM oicotoco>4 Si CO en oo oo t•— a> co en to OIM C3« 03 CO OO KU 03 CO 03 If © * t -i If if ic CO if CO to CO If i -! e ••• .',' 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. 3 Xi 1 If 03*to"tOtO ts q 4 <Q<I * -J © H H r* ^-a « 03©U>OI03 ** 03 .j-jCOOf- * MCO 03 if tO CD 00 00 l»© w L 03 ! d MCOtO ©oop^J© eoto 0> ' M © CO if l M MM 00 CO If Ol 00 CO to r> to modV 00 CO o f <Joio.<1*> WC0iH©M 9) '-O 1 tt^**** j > 1o ! I 1 00 :3 00 a to if if M CO Qto OCtOOi^J© © M CO >- 03 K) M M to rf^. ' (0-4OMC9 03 03 If Ui 5° 'if IS M if if •o e© 'A f If 00 as :: OltO to OS CO 03 00 OOlf \ H H 9 toencc03W , 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: & s s -JgcTDO^g 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©© -«1 p . - R • M fa CS c H © M • : ' 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.