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financial
rontrie
flinitmri
Supplement
Quotation
Street RailwatjSupplement
(Monthly)
Investors Supplement (Quarterly)
State and City
Dana Company,
Entered according to Act of Congress, in the year 1902, by the WrLLiAM B.
VOL.
SATURDAY, DECEMBER
75.
faM®
Supplement (^Annuaiip
in the office of the Librarian of Congress,
NO. 1956.
20, 1902.
Week ending December 13
3ktxe (§hxo\xitlt.
Clearings at
—
1902.
inc.
lyoi.
<>t
moo.
Dec.
1809.
PUBLISHED WEEKLY.
Terms
of
Subscription— Payable in Advance
138,807.029
Boston
Providence
Hartford
For One Year
$10 00
For Six Months
6 00
European Subscription (including postage)
13 00
European Subscription Six Months (including postage)
7 50
Annual Subscription in London (including postage)
£2 14s.
Six Months Subscription in London (including postage)
£1 lis.
Above subscription includes^
Bank and Quotation Supplement
Street Railway Supplement
Investors' supplement
State and City Supplement
6,8(12,200
Springfield
Worcester
Portland
Kail River
Lowell
New Bedford
HolyoUe
Total
New
England.
2,795,528
l,Si9,751
1,513,715
1.611,702
1,324,007
1,088,066
535,822
488,783
327,554
2,974.14s
1,876,219
157,154,217
163,268,810
163,585,463
23.214,250
10,686,733
...
New Haven-
l
143.1 55.2251
6,981,801
164,038,293
20.269,600
14,269,900
14,504,7117
14.241,28'
1,851 870
1 ,669,407
1.449,101
1,686,092
007,470
552.285
405.889
—30
151,095,009
—1-7
—o-o
—3-0
-18-3
7, 033. SOI
I
2.315,600
1,563,838
1,176,244
1,548,441
1,403,173
1.203,870
066.029
746,628
312,304
—35
—8-0
-36-7
-19s
159,182.745
8,030,200
3,985.085
1,581,489
l,458,t>18
1,889,044
1,240,482
1,084.247
637,475
514,860
371.202
-11-5
-19-3
—3-7
109.665,872
178,485,307
—0-3
+14-5
—25-1
+1-8
136 828,261
17,725,050
8,451,732
11,510.439
-1-7-3
5,836,801
5,894,600
3,982.802
2,972.573
2,889,641
1,234,275
1,094.537
1,030,177
143,982,784
16,487,850
9,482,916
11,852,119
6,018,802
6,424,100
3,454,869
1,883.597
2,228,718
1.406,079
1,031,341
1,015,801
302.863
412,209
516,052
431,000
338,605
353,167
306,524
280.522
128,009
|
Terms
Advertising
ot
—Per
Inch Space
Chicago
Transient matter
Two Months
(
Standin" Business Cards
Bianoin = .Business earns
TUree Months
-3
-s
Months
Twelve Months
gis
(
$4
22
29
50
87
(8 times)
(13 times)
(26 times)
(52 times)
20
00
00
00
00
X OND ON A GENTS :
Messrs.
acriptions
Edwards &
Smith, 1 Drapers' Gardens, E. C, will take subof the paper at Is.
DANA COMPANY,
B.
Box
Office
Cleveland
,
Milwaukee
Columbus
8 163.690
,
Kvansville
111
Akron
Kalamazoo
Roekford
Springfield.
CLEARING HOUSE RETURNS.
O
Canton
Jacksonville
Qu'ncy
The following table, made up by telegraph, etc., indicates Blooiriington
JacKson
that the total bank clearings of all the clearing houses of the Ann Arbor
Mansfield
United States for the week ending to-day, Dec. 20, have Decatur
Total Mid. Western
been $2,366,270,716, against $2,212,180,607 last week and
San Francisco
$2,250,107,619 the corresponding week last year.
Salt
Boston
Philadelphia
Baltimore
Chieaeo
St. Louis
New Orleans
Seven cities, 5 days.
Other cities, 5 days
Total
all cities.
all cities
$1,213,049,570
108,897,240
88,826,204
20,333,952
133,928,115
43,154,357
14.655,602
P. Cent,
+2'1
+18-9
—5-0
+9-6
-59
+04
5 days....
for week..
$1,622,845,040
256.097,986
+3'5
+12-6
$1,967,788,493
398,482,223
$1,878,943,026
371.164.593
+4'2
+7-4
?2,366,270,710
Los Angeles
Tacoma
+5-2
$2,250,107,619
Fargo
Sioux Falls
Total Pacific
Kansas City
Omaha
Paul
full details for the
cases estimated, as we go to press Friday night.
present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, Dec. 13, and the results for the corresponding
week in 1901, 1900 and 1899 are also given. Contrasted with
the week of 1901 the total for the whole country shows a loss
of 11-9 per cent. Outside of JSTew York the decrease from 1901
isl'O per cent.
be in
all
We
Week ending December
Clearings
at—
1902.
New York
Philadelphia
Buffalo
Syracuse
Scranton
$
1901.
$
1,371,026,325 1,662.949,755
110.54S.734
108,009,566
37,680,938
42,507,253
88,557,663
24,279.065
6.672.132
7,022,352
4,369,841
3,188,831
2,952,676
5,795,027
2,692,642
2430,306
1,244.844
1 ,244,927
1.345,089
1,175,848
1,323,464
1.009,238
Inc. or
..
WheeOng
Wifces Barre
Vtica
Total Middle
%
$
-23
—11-4
—71
+5-2
+370
—491
+21-7
-0-05
+14-5
4-31-1
—16
Colorado Springs
Total other West 'rn
93.574,811
30,916,031
24,846,595
5.447,447
3,060,644
3.213,700
2,057,424
1,090,150
1,260,105
962,572
424.500
367,137
208,080
98,362,083
28 925 185
21 361 235
5,508.221
3 217 961
2,853,731
2,803.604
1,069,410
1,243.170
3)
1
4
sQi
I
Louis
Orleans
+17-6
37,871,148
55,267,678
20,644,509
19,324,077
7.108,083
6,077,159
4,480 242
5,942,280
1,875,920
1,130.509
+2-4
—11-5
+2-0
+15-0
-^P3
18,438,883
12,777,225
0.124,740
5,346,692
4,405.824
4,353.388
14,887,586
12.002.886
6,193,465
5,972,816
4,175,183
3,9/4,008
1.022 078
702,077
1.204.083
645,786
4?y,264
108,574
1,742.742
1,599.098
549,901
160,690
—2-4
+153
465,791
435,947
404,654
175,968
804,540
341,375
199,868
75,074
60,000
1.672,21)6
575,203
1.892,400
535,144
201,920
1,000,000
69,706,804
71,450,545
18J32.556
4-39-7
—18-4
+7-0
—38
—38
—94
+18-4
+1103
229-2
4-19-0
+81-9
—149
920,275
+4-2]
1,483.340
1,059,170
489,80b
163,843
1,075,? 10
+149
+2-8
—20-4
-42-5
—2-4
—10-9
—8-7
+4-1
3,23(1.501
+3-3
+288
Norfolk
Augusta
1. 040,9311
1,754,734
1,671,509
2.282,070
Knoxville
Fort Worth
902 454
1,584,753
1,277.3
771,000
1,098,994
634,644
417,302
Beaumont
Total Southern ....
Total all
Outside New York.
655,317
1,511,603
1,190,584
723,000
1,186.815
1. 525,38'
—243
2.259.626
1,732,44;
1,828,334
50,000
tal.
+26
8,888,40!:
16,398,847
10,844,503
5.403,000
7,122,292
4.370.51U
810,447
450,275
669.939
465,800
365.181
861,595
296.814
346.366
134.176
227,900
244,406
175,000
+3-5
+16-4
+7-4
607 200
506,616 +55-5
5,484,937
Houston
Savannah
Richmond
4-24-9
+7-5
+24--1
+13-4
4-3P5
58,403,789
52.029,066
38,803,735
18,856,888
9,793,232
4.483,000
4,809,870
5,715.386
3,967.372
4,417.284
2,788,683
1,564,915
35,886,821
12,811,101
8,748,014
3.721,000
4.523.764
4,o 13,237
3,013.:. 05
1,725,507
2,868,049
659,849
1,500,000
1. 000,000
815.000
870,797
414,040
284,538
1,565.468
1.317,200
507,044
1,122.334
034,000
658,000
+3-6
—28-1
+37-7
+4-8
--73
+5
—6-4
500,648 +26-8
475.893 —12-3
002.090 Not include d in to tal.
—2'4 104.778,100
121.108.553
118,243,001
,212.180,60'; 2,512.322,830 —11-9 2.041.593.378
—1-0 740,865,97?
840,373.075
841,154,285
3,08i068
2,103,0116
1.536,582
5,011
437. '.'39
.250
,
(,078.1
4,224
92.618
720.0*7.000
CANADA—
Montreal
Toronto
Winnipeg
Halifax
Hamilton
St. John
Victoria
Vancouver
Quebec
Ottawa
London
Total Canada
M6
44.395 355
4-11-7
Atlanta
Nashville
LouLsville
Galveston
:;!'.i.M7
tal.
21,184.781
2,656,091
2,166,181
2,276,878
2,102,210
1,344.928
1.077.818
922.872
550,742
185.107
+5-2
+13-0
+10'2
Memphis
New
815 000
2 1.467.236.597 1.517.(127.
+155
+18'0
-13~
22,959.049
3,388,878
2,645,320
2,754,953
2,186,49?
1,200.884
1,162,459
834,236
553,592
185.269
4-12-3
53,998,632
17,952,944
10,419,952
4.325.600
6,622,743
,4,266,044
4,258,138
4,171,820
St.
Chattanooga
—17-6 1,300.727,401 1,349,644,928
390,900
+2-6
480,631
295,767 +42'2
442,607
374.520 +18-1
780,483
705,103 +1(1-7
-7-8
746,607
809,153
2.593.003 Not include d in to
1.562.916,328 1,8(14.076.559
,
..
Fremont
Jacksonville
401,100
Chester
1899.
+13-0
+4-1
-0-2
+36-7
+47-8
800,000
Birmingham
Macon
Lilile Rock
13.
1900.
Dec.
Wichita
25,238,109
4,044,516
3,544.240
4,105,954
2.972,257
1,605,68s
1,172,720
743.604
585,882
322,379
0,990,01 J
4,294,992
5.057,405
2,370,04
Denver
St.
Topeka
week covered by the above will be
given next Saturday. "We cannot furnish them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
The
208,933,527
21,141.600
17.104.600
7,313,850
Minneapolis
Joseph
Des Moines
Davenport
Sioux City
203,547,78?
4.392,(100
Seattle
Spojcane
St.
-+T6
8,538,683
5,011,702
+49 Helena
$1,679,380,871
288,407,622
All cities, 1 day
Total
1901.
11,238,150.477
114,201,688
105,604.838
19,320,163
140.763,998
40,627.093
14,712,014
York.
1902.
247,927,002
4,211,261
Portland
Clearings— Returns by Telegraph.
Week Ending Dec. 20.
New
Lake at y
tin to
52,214,745
Grand Rapids
Dayton
Not include
1,992,294
2,132,140
858,881
691,641
278,613
,
Lpxington
NEW YORK.
9-58.
+25-8
28,507,459
India "apolis
Peoria
Spriugfleld,
7,604,755
7,282,100
5,237,79
3.213.890
2,633,409
1,495.117
1,340.792
1,026.532
562.543
577,214
550,728
9,168.900
5,879,700
3,381,789
2,991,633
1,647,262
1,503.581
1,002.313
648,730
597.134
640,852
652,300
787,252
050.679
355.5S0
433.134
169,240
360,039
328.301
181,114
157,882
197,552
201.117
251,885,512
,
Youngstown
Publishers,
Pine Street, Corner of Pearl Street.
Post
Detroit
Toledo
and advertisements, and supply single copies
WILLI A II
Ci ncinnati
007
16 740.271'
5,438,862
1,630,708
1,042.12!
912,637
681 J.67
1,053,535
1,601,84
l!i. 232.
2,026, 120
10.313,092
15,844,306
4,820,389
2,0
8 4,938
871.890
876,855
905.57S
1.586,158
1,795
1
10
764.810
Not include
50,3511.581
48.878.430
—0-4
+5-7
+128
-18-5
+20-6
-i
!;
—22'3
13,726,417
11,330,423
8.761,614
1,485,582
971.010
768,4 14
580,564
+163
16,299.853
11.102.240
8.95
1,547,928
8--2,096
00?. 796
5411.723
807,083
+1-0
+12-9
d in to tal.
+30
32.393.070
36,870.875
—
THE CHRONICLE.
1322
THE FINANCIAL SITUATION.
[Vol.
LXXT.
operations have to go through wlthont a hitch, and
yet,
if
we had the
inside history of
them all, we
when unfore-
new influences have worked a should find that there never was a case
The seen hindrances did not have to be overcome and sitgreat change in the money and stock markets.
potent of these were the 60-million-dollar com uations to be met which to any but those of unlimmore
As the week
closes
bination, ensuring borrowers
against the very strin-
would prove desperate and perhaps insurmountable. The remuneration secured for large
undertakings must consequently be gauged on the
basis of the most trying circumstances any forecast of
the future makes possible, and this test confines the
ited resources
gent money market anticipated at the close of the
old year and the opening of the new, and the sudden
turn in the Venezuela involvement from a highly
hostile attitude to some kind of an agreement which
promises apparently a speedy and peaceful out- class of those capable of taking a part in underwritcome of the differences. With these deranging ing such ventures to a limited few.
rxatters removed those who were short of stocks
felt it wise to cover, and this set in motion a buying
There have been some other developments which have
the Exchange which soon became gen- shown the searching conditions that money rates have
movement on
eral, leading very naturally to a marked rise in values. reached and produced and which have caused someIt so happened that at the same time the influences what of a shock to credit and have proved rude awakadverse to money all shaped themselves in the direction enings to stockholders. We refer to the revolution
The absorption of bank reserves in the apparently prosperous course of the affairs of
of less stringency.
by the Sub-Treasury proved day by day as the week the Consolidated Lake Superior Co. and of the Ameripaestd to be much lees than in previous weeks, the can Grass Twine Co. Both had declared their usual
interior movement showed a considerable inflow, and quarterly dividends and both have now reconsidered
foreign exchange declined. Altogether the stock their action, the former having deferred the paymarket on Thursday and yesterday, compared with ment and the latter having reduced its dividend from
recent weeks, might be called almost buoyant.
1£ per cent to \ of 1 per cent. These days of money
trial have their uses. Of course the kind of financing
Just previous to this sudden revolution, evidences which has ended In these developments would, had
had been multiplying of the extreme stringency of the the denouement been postponed, have produced a worse
money market. One gets a very imperfect idea of the development later under some future surroundings;
real situation who takes as a standard for a judgment but the sooner that kind of management is brought
the call or time loan rates at the Stock Exchange by to light and stopped the batter it must finally prove
properties where
the best borrowers on the best, or'even on mixed, stock to be to the owners of all
That information is widely Instructive in it is the practice. The Lake ^Superior Company has
collaterals.
ordinary times. It has been of late, though, of much published a statement which savs that " the whole
use only as a start to an investigation. Even then one trouble in the company's affairs arose from the failure
must have in mind the
which have attached
change in the limitations of weak subscribers to meet the latest call for payas, for in- ments on their subscriptions." We presume that was
to those figures
stance, the broader margins called for in perfecting as claimed the important incident in the descent
such arrangements and the undoubted credit of the towards failure, but it hardly seems to be an excuse
In this way one begins to for it. Our over strained money market has been all
firms securing the loans.
reach a conception of the actual situation of rates as along and for many months about as certain an event
they have ruled lower down in^the scale of credit— say as any we can recall in monetary affairs. The curwhere the need was great and perhaps speculative, and rents which have been producing it were 38 distinot
and their continuance as reasonably inevitable and
where the security offered had a alight cloud over it
and to get also an explanation in some measure of their outcome as presumably assured as they ever can
the recent stagnation in the stock market. Indeed, be. Does It not in the light of this condition look
generally speaking, procuring money in such cases almost like recklessness to go on with development
contracts and
dividend engagements when subhas of late been simply impossible.
Another side of the money problem is seen through scription payments were sure to be slow and short,
special developments and disclosures during the last and had already proved so ?
Several syndicates have found it not
two weeks.
For the benefit of those who seem to be confused over
feasible to carry through exchanges of new bonds for
borrow on the an incident of the week, it is apparently advisable
maturing securities or to market or to
new bonds, and so obtain the cash to meet the ma- to say that the stock of loanable funds at this center
tured obligations; and consequently in the worse has received no increase by the pool agreement for
stage of our strained money market have been called the loaning of any part or the whole of 50 millions of
upon to supply the cash for the purpose. This char- dollars if needed. That would [appear to be a selfacter of incident is worth noting, not merely because evident proposition.. At the same time there can be
that when the capacity of the leading
it is a tell-tale of the loan market in that it illustrates no doubt
that have thereby beset the un- Clearing House institutions to make loans is colthe money difficulties
dertakings of the richest as well as those of other lected into one pool to be handled and directed
that
classes, but because it casts light upon the reason for by one mind, their loaning power has by
been greatly increased as a force operating
the large profits such syndicates sometimes secure. act
Through these experiences we see that only the against high rates for loans. In that shape it beAll comes more of a check upon operators attempting to
such ventures.
underwrite
very few can
of the critics think that they could do it, and so force up money; it also tends when so presented to
they might if the world would to that extent trust steady the nerves and quiet the minds of the timid, who
them, and if there were no risks to be encountered, no in a time of stringency often become panic-stricken
But we all know that such over some idle rumor. But aside from these features,
short corners to turn.
full
—
—
Dk«ejibkb
THE CHRONICLE.
20, 1902.]
which may be called the sentimental part of a crisis,
the actual efficiency of this loaning power has been
added to by the combination. Perfect union under one
will always makes a stronger unit out of scattered minor
forces for any work than those forces wonld be if
they remained separate, and indeed even stronger
than the sum of the individual parts. The greater
effectiveness secured is not so very unlike that which
is
attained by any large organization of capital
in any single industry.
Put 50 million dollars
into 50 concerns to
be handled and directed
there
would be
different
wills
and
by 50
a very poor chance for the success of any of them;
this would prove especially true if they had to contend with a single concern controlling 50 millions of
It is merely a difference in the efficiency of
dollars.
the combined capital a difference which would be
even more evident in quieting a monetary disturbance.
Fifty millions of loanable funds scattered
among all the Clearing House banks could be easily
lost as an influence to stay a panic; but if the same
amount be handled under the direction of a single
—
intelligent will,
it
may be
so
its
which we have been favored), we should judge that
the recommendations were a little less specific than
heretofore, and it strikes us the tone is not so harsh
hopeful signs as far as they go. The arguments and
the plea, however, are the same.
The Commission
affects to believe that recent developments in the
railroad world make more Imperative endowing the
Board with further powers.
It says that the progress of consolidation, in one form or another, will
at no distant day confine competition within narrow
and unimportant limits, because the control of most
railway properties will be merged in a few Individuals
of
common
It is frankly
interests Impel them to act In concert.
admitted, though, that this limitation of
competition
" will
whose
insure, as probably nothing else can
in equal degree, the observance of published tariffs,
and
measurably remove some of the evils which the
Inter-State Act was designed to prevent." To most
minds tais will look as a decidedly reassuring feature,
but the Commission sees in it "a situation involving
consequences to the public which claim the most
so
serious attention."
We
are among those who think that the authority
the Commission should not be extended. One
nature of
reason for this is that it has not used the powers it
applied as to relieve
almost any stringency that was temporary in
and not due to wide insolvency.
1323
For instance, until the injunction
The action on Tuesday of the Board of Aldermen proceedings brought last spring the board had made
in passing the Pennsylvania tunnel franchise and im- no whole-souled effort to compel the railroads to
already possesses.
mediately thereafter In passing the franchise of the observe published schedules. The injunction proNew York & Jersey Eailroad Oompany, neither of ceedings seem to have worked very effectively to
which franchises contained any eight-hour clause, has prevent rebates and illegal concessions, for we find
been
received
with decided
favor by the public.
Work, it Is said, will now be begun at once
enterprise
and will be
on the Pennsylvania
pushed vigorously.
The New York & Jersey
Railroad
Oompany already owns two partially
constructed
tunnels under the Hudson River.
About 4,000 feet of
the north tunnel has
been completed and 1,580 feet remains to be built.
Only about 600 feet of the south tunnel has been constructed.
The grant by the Aldermen Tuesday was
especially desirable, as
it will facilitate
the undertak-
ing by permitting the work to be carried forward
hereafter from the New York side of the tunnel as well
as
from the Jersey
side, while also giving
the needed
authority for securing the property for the terminals
"it can hardly be doubted that a
very much better condition has existed in the last
nine months in this respect than for any corresponding period in the last twelve years at
least."
As if, however, the board felt that it
had said too much in speaking favorably of
these Injunction proceedings, it adds "that the right
to so proceed is at least doubtful." We would suggest that until this right is actually denied by the
proper judicial tribunal, the Commission give itself
no uneasiness on that score, but continue to avail of
it as a sure agency to compel the observance of rate
schedules.
There is one insuperable objection to
granting the board additional powers, and that is that
it never acts in a judicial way
that its arguments are
always those of the advocate, not of the judge, and
that it seems to think it is doing its duty and fulfillthe board saying
—
and completing them, which terminals are to be in
the neighborhood of Christopher and Hudson streets.
Taken together, these enterprises, added to the ing its functions when it espouses the cause of shipunderground road, which is so rapidly progessing, will pers and assumes an attitude of hostility to the
oause the current cycle of years to be epochal in the
history of New York; when finished these improvements
will afford such a residential extension as to make this
railroads.
Mr. John Stanton has given out the usual monthly
a new city. Not only will these facilities bring the statement regarding copper production and exports,
remoter portions of Greater New York very near its the figures this time covering the month of Novembusiness districts, but they will also cause all Long ber. They show no change in general conditions, unIsland and a very large portion of New Jersey, through less it be that the dwindling in the exports has bethe added transit convenience the tunnels will offer, come still more marked.
The output of the metal
to become highly advantageous suburbs for the abode continues very
large,
though not the heaviest
of any whose daily avocation is in New York.
reached, being 25,297 tons for November, whioh compares with 21,728 tons for November 1901 and with
The annual report of the Inter-State Commerce 23,276 tons for November 1900. The exports were
Commission, submitted to Congress the present week, only 10,915 tons, which, while above the amount
is cast on the same lines as in the past.
By that we shipped last year, when artificial prices had kept
mean that it contains the usual plea for the enlarge- down the demand, contrasts with 12,515 tons for Octment of the powers of the Commission which has been ober the present year, 13,183 tons for September and
a feature of practically every report of the Commission with 20,097 tons last March, when the outflow was at
since its organization in 1887.
From the synopsis of its height. We annex herewith our usual table showhe report furnished for use of the press (with a copy ing the amount of copper left for home consumption
THE CHKONICLE.
1324
after allowing for the exports,
and showing
Wednesday the market was
also the
foreign production of copper.
Copper Production.
Tons of 2,240 lbs.
U. S. production
Experts
,
November
23,276
9,508
f—Jan.
1900.
26,287 21,723
10,916
6,867
Remainder
easier.
LXXV.
Loans were made
at 6 per cent
>
1901.
1002.
[Vol.
269,830
158,736
Nov. E0^-»
1 to
1901.
1900.
245,452
84,493
246,683
148,391
1902.
per cent.
day,
and at i\ per cent, with the average at 5$
Increasing ease was manifested on Thurs-
when loans were made
at 5£ per cent and 4^ per
cent, with the bulk of the business at 6 per cent.
On
Friday loans were made at 6 per cent and 5 per cent,
the average being 5£ per cent, which compares with
ingmlnes
91,564
60.938
8.846
7,762
99,199
9^077
It will be seen that taking the 11 months to the 30th 12 per cent and 4 per cent and an average of 7 per
Banks and trust comof November 111,095 tons of copper remained for home cent on Friday of last week.
panies generally have loaned at the market rate.
consumption in 1902, and that this compares with
The feature of the week was the relaxation of the
160,959 tons in 1901, when the export movement was
For the first two days money
restricted by reason of the high price, but with only time money market.
14,382
16,361
13,768
111,096
160,959
98,273
Production of forelfjn-report-
The
98,272 tons in the 11 months of 1900.
foreign
for sixty to ninety days continued to be firmly held at
production of copper keeps large, having been 99,199 7 to 8 per cent. On Wednesday ninety day money
tons for the 11 months of this year, against 91,564 tons loaned at 6 per cent, and on Thursday time money
for the 11 months of last year and 80,938 tons for the was quoted at 6 per cent for all periods on good
mixed collateral. The easier tone was attributed to
11 months of 1900.
the break in the foreign exchange market and to the
return of currency from the interior. Basiness was
There was no change in official rates of discount bv
any of the European banks this week, and unofficial light in commercial paper, with the inquiry mainly
Rates were
or open market rates were unchanged at Paris and from New Eagland and Western banks.
Berlin; at London they had a range of £ from 3f per unchanged at 6 per cent for 60 to 90 day endorsed
cent to 4 per cent. The feature of the statement of bills receivable, 6 per cent for prime, and 6£ per cent
the New York Associated Banks last Saturday was the for good four to six months' single names. Mercansmall decrease in loans of $2,C65,500, bringing the tile collections are reported very good, and hence but
total down to 8879,371,500.
The decrease of $3,094,- little paper is being offered.
No money has been loaned by the pool and it was
700 in cash reserve very nearly agreed with the change
our forecast showed. Deposits were decreased by stated on Monday, when the organization of the pool
Thus the reserve requirements were less was announced, that there was no emergency at pres$6,031,400.
than last week by $1,507,850, which, deducted from ent requiring action; that it was improbable that the
the loss of cash, left $L 586,850 as the decrease in sur- pool would be oalled upon, but it had been decided
plus, and brought the total surplus down to $8,386,- that the best way to prevent a disturbance in the
900.
Computed on the basis of no reserve against money market, pending the January disbursements,
the United States deposits of $40,164,700, the surplus was to let it be known that adequate preparation had
is $18,428,075.
The bank statement this week should been made in advance to supply at the market all the
reflect larger disbursements and smaller collections by money that might be needed.
the Treasury and the receipt from the interior of
some currency. There was a transfer through the
The Bank
of
England's
minimum
rate of discount
banks remains unchanged at 4 per cent. The cable reports
From New York there was transferred discounts of sixty to ninety day bank bills in London
of $350,000.
through the Sub-Treasury $100,000 to Chicago and 4 per cent. The open market rate at Paris is 3 per
$400,000 to New Orleans. Receipts of Customs for the cent and at Berlin and Frankfort it is 3f per cent.
wetk were $4,020,060, which oompares with $3,336,- According to our special cable from London the Bank
of England lost £448,647 during the week and held
200 last week.
Sub-Treasury from San Francisco to
New York
the close of the week £31,148,760. Oar correspondent further advises us that the loss was due to
exports of £180,000 (of which £30,000 were to South
at
Money on
call,
representing
bankers'
balances,
loaned at the Stock Exohange during the week at 10
per cent and at 4 per cent, averaging about 6 per
cent.
On Monday the first loans were made at 10 per
cent and there were indications of apprehension in
regard to the course of the money market, which was
America, £50,000 to Java and £50,000 to various
points) to shipments of £419,000 net to the interior of
Great Britain and to imports of £150,000 from the
Cape.
announcement shortly after noon that
The foreign exchange market was only fairly active
Messrs. J. P. Morgan, James Stillman, President of
this wet k, with an increasing tendency towards ease in
the National City Bank, and G.eorge F. Baker,
President of the First National BaLk, had formed a sterling, while Continental exchange was steady. The
pool to loan $50,000,000 at the maiket rate if an offerings of commercial bills were no larger than
emergency should arise to make such action neces- usual and the supply of bankers' sixty and ninety day
allayed by the
sary.
The
Morgan &
subscribers
and the
to
the pool
were
J.
P.
loan billa was not excessive; but there was a falling off
in the inquiry for remittance, due to the fact that
few of the loan bills that were sold two and three
Commerce,
Chase
and
Park national
Western,
Hanover,
Corn Exchange $2,500,- months ago were drawn
banks, $5,000,000 each,
national banks two weeks in December.
Chemical and New York
000,
$1,000,000
Co.
First,
City,
each, and other banks subscribing less
to
mature during the
On Wednesday
last
the lead-
ing drawers of exchange reduced their posted rates
from 4 84£ for sixty day bills and 4 88 for de-
than $1,000,000, $5,500,000. The extreme tension
On Thureday the marin the money market relaxed almost immediately and mand to 4 84 and 4 87£.
for sterling
was depressed
by the
offer
call loans fell to 6 per cent, closing at 4 per cent. ket
The average rate for the day was not far from 6 per of a round amount of bankers' bills against securities
On Tuesday transactions were at 6} and at 4£ sold to London, to be shipped by Saturday's steamer.
cent.
On Francs have been very steady at 5 16£ less 1-16 to
per cent, with the majority at 6 per cent.
.
.
December
THE CHRONICLE.
1902.]
20,
on London has fluctuated
between 25 francs 14$ centimes and 25 francs 15$
With the decline in sterling here and the
centimes.
Exchange
6 16}.
at Paris
considered improbable that any gold will go from here to Europe during
the remainder of this year. The Assay Office paid
$696,303 17 for domestic bullion. Gold received at
steadiness of the Paris rate
it
is
Custom House during the week $28,717,
the
$5,896 was
and
TJ. S.
of
which
gold coin, $230 foreign gold coin
$22,611 bullion.
Nominal quotations for sterling exchange are 4 84®
4 84* for sixty days and 4 87|@4 88 for sight. The
market was easier on Monday at 4 8330@4 8340 for
slxty-day bills, a decline of 20 points from the pre-
The following
1325
table indicates tub
amount
ot bullion
n the principal European banks.
Dec. 18. 1902.
Bank
Dec. 19, 1901.
of
SUter.
Gold.
£
£
81,143,760
31,148,760
101,098,407 44,885,962 146,079 369
31,966,000 11,819,000 43,776,000
varmanj
76,557.000 6,408 000 81,965,000
gnssla
a.ns.-Hung'y. 46,639,000 12,354,000 68.983 000
14,865,000 19,764,000 34,139,000
Spain
16,774,000 2,080.800 18,861,800
Italy
4.698.6J0 6,626.800 11.286,400
letherlands..
4,601.000
3,000,667 1,500,333
Hat Belg'm..
Ingland
trance
Gold.
lotal
Bilver.
£
lotal.
£
34,392,129
98,579,000
84,173,000
07,895,000
46.621.000
14,010,000
16.994,000
£
6,741.700
6,173,9 X)
84,398,189
142.704,000
46,812,000
73,994,000
57,733,000
31,129.000
18,054,700
11,916,600
8,075,883
1,537,667
4,613,000
44,195.003
12.689,000
6,099,000
11,212 000
17,119,000
3,060.700
1
8676@4 87 for sight, a decline of 20
and 4 8750@4 8760 for cables, a decline
The low quotations were made during
vious Friday; 4
to 35 points,
of 25 points.
i ot.thls wee* 326,822,484 104838895 480.661,829 320,381,188 100966267 421,847,429
Tot. orer. W'kl820,849,414 104630562 431,479,976 321.609,683 100715525 422,326,208
RAILROAD COMPANIES AS BANKING
INSTITUTIONS.
One of the most striking features in the annual
the early flurry in call money, and the market closed
reports of our railroadgcompanies recently appearing
at about the highest rate, following the announcehas been the display] of financial strength that they
ment of the organization of the pool to prevent a
make. This display of strength consists not merely
money panic. On Tuesday the market was unchanged
in a large excess of current assets over current liabilifor long bills, and cable transfers and short bills were
ties, but also in exceptionally large holdings of actual
4 8680@4 8690. On Wednesday long bills were 10
cash at least in the case of nearly all the more prompoints lower at 4 8320@4 8330 in consequence of the
inent companies.
advance in the London rate of discount from 3f to 3f
Obviously there are good reasons in the ordinary
per cent, short was quoted at 4 8675@4 8690, closing at
business affairs of these companies why their bank acnear the lower rate, and oables were 4 8740@4 8755. On
counts should be more plethoric now than formerly.
Thursday there was a further decline, caused by large
Their revenues are very much larger, which involves
offerings of bankers' bills against sales of securities to
a corresponding increase in the amounts of their exLondon and of loan bills. Rates at the close were
penses, so that necessarily current liabilities repre4 8315@4 8325 for sixty-day bills, 4 8665@4 8675 for
sented by pay-rolls, purchases of supplies, etc., are on
short and 4 8730@4 8740 for cables. The market on
a vastly greater scale.
It follows that, the volume of
Friday was steady at the decliue the greater part of
their payments being heavier, the means to provide
the day. More offerings of stock bills were reported,
for the same must expand in a somewhat similar
and the close was weak. The following shows daily
manner.
posted rates for exchange by some of the leading
Besides this, many of the companies are carrying
drawers.
through financial undertakings of extensive propor-
—
MON.,
60 days
Sight..
( 60 days
I Sight..
5 60 days
\ Sight.
5 60 days
(Sight.
( 60 days
I Sight..
5 60 days
{Sight..
5 60 days
{Sight.
5 60 days
I Sight
(
Brown Bros
I
Baring,
Magoun & Co.
Bank British
No. America.
Bank
of
Montreal
Canadian Bank
of Commerce.
Heidelbach. Ickelbelmer it, Co.
Laiard Freres
.
Merchants' Bk.
of Canada
The market
Tubs.,
Wed.. THTTB., Fp.i.,
Dec. 16. Dec. 17. Dec. 18. Dec. 19
4 84*
84*
84*
84
84
84
We mean by this that they are 'putting out
new stock and bond issues of liberal ^dimensions.
488
4 84*
488
4 84*
488
4 81*
4 87*
4 81*
4 87*
4 84*
88
88
84*
84*
87*
84*
87*
84*
87*
84*
Any one
88
83
84*
88
84
88
84*
88
84
88
88
84*
87*
81*
87*
84*
87*
84*
87*
84*
87*
84*
87*
84*
87*
84*
87*
84*
87*
8.'*
84*
87*
87*
84*
87*
84
84
84
88
88
87*
87*
87*
84*
84*
84
84
84
88
88
81*
87*
87*
84*
87*
81*
87*
84
84
84
87*
87*
87*
FBI.,
Dec. 12. Dec.
4 88
4
84*
4 88
4
4
84*
87*
closed at 4
16.
large
84
84
83@4
83^ for long, 4 8666
@4 8665 for short and 4 8730@4 8735 for cables.
Commercial on banks 4 8265Q4 8275 and documents for payment 4 82^@4 83£. Cotton for payment
4 82-i @4 82$, cotton for acceptance 4 8265@4 8275
and grain for payment 4 83f @4 83£.
The following
to
and from the
Week
movements of monej
by the New York banks.
gives the week's
interior
BnUm Dec. 19,
1902.
Kttiitti b%
N. T. Bank*.
SMtud
Bf.
by
T. Banks.
Bet lnterin
Movement.
14 921,000
698,000
Gain H.S21.0C0
987,000
(7,729,000
15,611,000
Gain. J2.U5.000
{6.742,000
Currency.
Bdd
Total gold and legal tenders
With the Sub-Treasury operations the
Gain.
291.000
result
Is
as
follows.
Dec. 19. 1902.
Banks Interior movement, as above
Total gold and legal tenders
Inii
Outs/
Benkt.
Week Endino
Bank*.
Net Okunt*
tions.
<*
B*mk
.Holding*
$7,729,000
23,400.000
t5.614.000
84,900,000
Gain
Loss
*2,115,O0C
1,600.003
131.129,000
130,614,000
Gain.
1616,000
familiar with railroad affairs can .easily recall
numbers
of
these.
As
a matter of fact they
have often been an important feature in the money
market during the present year that is, the necessary arrangements for financing them have at times
exercised quite an influence, temporarily at least, on
the monetary situation.
Entirely apart, however,
from the causes here outlined, many companies are
holding unusual amounts of cash, the reasons^for
which are not in all cases perfectly obvious.
Perhaps the most noteworthy instance of financial
strength of which we have had recent illustration is
that of the Chicago Milwaukee & St. Paul Kailway
Company. In an article in our issue of September
13 reviewing that company's annual report for the
late fiscal year, we showed that the company's cash
and cash assets on June 30 amounted to a $27,686,973,
while the ordinary current
liabilities were only
$7,401,492; furthermore, that $20,230,790 of these
cash assets consisted of cash on hand or In bank.
Since then the stockholders have given their approval to an increase In the authorized 'amount of
—
common
stock
ceptional
amount
from $58,183,900 to $83,183,900,
though no definite arrangements have yet been announced for the Issue of any of this additional stock.
The Atchison Topeka & Santa Fe Railway Company
is another company which on June 30 1902 had. an exof
money
at
command.
Including
the $548,033 cash deposit for the Fuel Reserve
Fund
THE CHRONICLE.
1326
[Vol.
LXXV.
held by the Guaranty Trust Company of New York cash either on hand or in bank. We have excluded
the aggregate of cash on the date mentioned was $21,- even certain items of actual cash where they appear
092,438. The company, as will be recalled, issued $30,- not to be under the distinctive control of the com000,000 of debentures during the year, which accounts pany, such as the $1,570,140 held by the trustees of
for its easy condition in the particular mentioned.
The Canadian
sinking funds in the case of the Northern Pacific
on June 30 1902 reported Company and the $252,975 deposited under the AtchiThis in- son mortgage. Yet even on tbis conservative basis
cluded $7,624,162 paid on the subscriptions to the we get a total of over 150 million dollars of cash
company's $19,500,000 new issue of capital stock. The ($150,516,182) held by fifteen companies.
New York Central at the same date confessed to
In many cases, if we could have the figures for a
$14,736,768 of cash. The Central, it will be recalled, later date than that taken in the above, the results
early in 1902 sold $16,912,900 of new stock at 125, would be still more striking.
We have already reOhio in its ferred to the issue since June 30 of 42£ million dollars
realizing $21,141,125.
The Baltimore &
balance sheet for June 30 1902 shows $15,190,651 of of additional stock by the Baltimore & Ohio Railroad
Its money holdings at the present time are pre- Company.
cash.
The Pennsylvania figures are for Decemsumably still larger. For in September 1902 stock- ber 31 last ; but since then 50 million dollars of conholders subscribed at par to about $42,500,000 ad- vertible bonds have been put out. Subscriptions for
ditional stock, 50 per cent of this being payable at this 50-mlllion issue were payable 50 per cent at once
once and 50 per cent on November 24 1902. All the and the remainder the latter part of October.
companies embraced in the Northern Securities comOur list, of course, has been made up to show the
Pacific
$15,227,691 in cash on hand or in bank.
bination were
at
the date
named unusually
The Northern
well
roads that are especially distinguished in the partic-
named. Hosts of others, however, might be
stance, reported $8,377,435 of cash, entirely independ- named, each showing very respectable amounts of
ent of $1,677,140 " cash in hands of trustees of sinking cash. We might refer to the fact that the Lake Shore
funds/7 and some small amounts in other funds; the & Michigan Southern on December 31 1901 reported
Great Northern balance sheet shows $4,019,883 of $3,630,653 in cash; that even the "Nickel Plate"
cash, and the Chicago Burlington & Qaincy was at (New York Chicago & St. Louis) at the same date
the same date in possession of no less than $8,111,097.
held $2,037,732; that the Michigan Central reported
Even such a comparatively small concern as the St. $1,368,257. The Philadelphia Wilmington & Baltimore
Louis Southwestern on June 30 1902 owned to at the close of its fiscal year (October 31 1901) re$5,623,609 of cash, this embracing $4,760,000, the net ported $3,176,900 of cash in hands of Treasurer. The
proceeds of the sale of $6,000,000 first consolidated Delaware Lackawanna & Western on December 31
mortgage bonds. The Chicago Rock Island & Pa- 1901 showed $3,193,500, the Delaware & Hudson $2,cific in its balance sheet, filed with the application to 049,601, the Texa3 & Pacific $2,055,899; or taking
list its new securities on the New York Stock Ex- roads which have reported for June 30 1902, the New
change, reported $6,515,216 cash under date of Aug- York New Haven & Hartford may be put down for
ust 31.
Various other companies might be mentioned $3,233,396, the Lehigh Valley for $2,780,622, the
distinguished in much the same way. Thus the Erie Louisville & Nashville for $3,248,469, the Philadelheld $4,617,271, the Union Pacific $4,886,333 and the phia & Reading (including the Coal & Iron Company)
Chicago & North Western (May 31 1902) $4,847,599. for $4,000,609, the Southern Railway for $3,980,392,
The Missouri Pacific makes no report for June 30 the Denver & Rio Grande for $2,786,401 and the Bos1902, but on December 31 1901 had $4,660,335 in ton & Maine for $2,083,524.
'These illustrations might be extended almost inbank.
The following table furnishes in tabular form a definitely. But enough have been cited to indicate
summary of the amounts of these various companies. what a formidable power in the financial world our
We have added the Pennsylvania Railroad figures for railroad companies have become. The Illinois CenDecember 31 1901, the amount of that company's tral Company furnishes an instance showing with how
cash at that date being reported somewhat over 12} small a sum of ready money a large railroad may
million dollars— $12,579,066 this being apart from be managed. That company on June 30 1902 rethe cash holdings of various controlled companies ported only $1,243,232 of cash. We may imagine,
like the Philadelphia Wilmington & Baltimore, the however, that even this company now holds, even if
Plttsburaj Cincinnati Chicago & St. Louis, the Penn- only temporarily, a position not muoh different from
other large companies; for it will be recalled that
sylvania Company, etc.
supplied with money.
Pacific, for in-
ular
—
the Illinois
HOLDINGS OF CASH JUNK 30 1902.
Central's stock
has recently
been
in-
Atchison Topeka & Santa Fe (including $548,033 cash
deposit for Fuel aud Reserve Fund)...
$21,092,438
Baltimore* Ohio
15,190,651
creased from $79,200,000 to $96,040,000, to provide
Canadian Pacific
Ohioago Burlington & Quinoy
Chicago Milwaukee & St. Paul (Including $4,680,229 for
Renewal and Improvement Fund)
Chicago & North Western (May 31)
Chicago Rock Island & Paoific (Aug. 31)
on the new stock (which was subscribed for at par)
was payable December 2 1902 and the other 50 per
cent is payable Jancary 7 1903.
It is obvious that these large money holdings of the
railroad companies have been playing an important
Erie
Oreat Northern Railway
Missouri Pacific (Deo. 31 1901)
New York Central
Northern Pacific
Pennsylvania Railroad (Dec. 31 1901).
St. Louis Southwestern
Union
Paoific
Total
We
15,227,691
8,111,097
20,230,790
4.847,599
6,515,216
4,617.271
4,019,883
4,560,335
14,736.768
8,377,435
12,579,066
5,523,609
4,886,333
$150,516,182
have been careful in the foregoing not to include any items except such as presumably represent
additional equipment and facilities.
part in swelling the deposits of
both in
New York and
Fifty per cent
financial institutions,
in other
large cities.
Pre-
sumably much of these holdings Is on deposit with the
trust companies, where interest can be earned on the
money thus temporarily idle, though many large
banks also allow interest on deposits. The Milwaukee
& St. Paul in its balance sheet gives the depositaries
.or
the $4,680,229 standing to the credit of the Re-
Decembkb
THE CHRONICLE
20, 1902.]
newal and Improvement Fand ; $2,426,791 of the
amount was held by the United States Trust Com
pany of this city, $1,998,985 by the Union Trust
Company of this city and $254,453 by the Continental
National Bark of Chicago. No details are given for
the $15,550,561 of cash held in the ordinary way.
We may suppose that the many large industrial undertakings organized within the last few years also
hold extensive accumulations of cash, which are contributing in the same way to swell deposits in banks
and trust companies. The United States Steel Corporation on November 30 1901 reported the extra-
1327
themselves been too much for a treasury bankrupted
by civil war. But this could not end the matter.
China [and Turkey, in their turn, have sulkily answered outside Powers that they could not pay their
dues, and have thereupon been forced|to declare when
they would be able to make a settlement, and how.
Venezuela had no better right to claim immunity,
and, indeed, she^did not claim it. She merely rested
on a belief that, whatever happened, the United
States would not tolerate foreign interference with
her.
In this regard Venezuela mit judged the United
Acquisition by Europe of territory in the
to-day.
feature we shall not attempt to
Western Hemisphere we have vetoed once and
finally.
Whatever the final judgment of history may
on President Cleveland's Venezuela message, this
be
VENEZUELA.
much every one must concede that the theory on
A train of highly interesting reminiscences has which that message proceeded was the holding by
been suggested by the Venezuela episode. The England of South American land to which her title
curious coincidence that President Cleveland's famous was disputed, and her apparent unwillingness to arbi"Venezuela message" was signed and published on trate the claim. Had Ecg!and\clalm been for money,
December 17 1895, whereas on December 17 1902 the message of 1895 could never have been written,
the British premier formally announced that a state at least in the shape which it assumed. In this disof war existed with Venezuela, has given point to the tinction lies the core of the present controversy.
England and Germany laid their case this year before
reminiscences. We have something to say regarding
the incidents of the Venezuela affair on both occa- our State Department prior to the taking of any action.
ordinary
sum
But
enlarge upon
of $55,315,528 of cash.
this
is
a
States.
—
Our Government made its own position perfectly clear.
In the first place, a word is necessary regarding That position was, that we had no title to interfere
the present situation. As is well known, Venezuela in an international dispute, even with a South Amerihas .been for some time past in the throes of one oi can State involved, so long as the rights of neutral
its chronic revolutions.
The cause of that revolution nations were respected, and so long as the purpose of
need not be discussed; the notion generally enter- territorial acquisition was abjured. The American
tained regarding the pseudo-republics of South people were, and are, entirely free to impute what
America is sufficiently correct. A republic of sue wishes and motives they may choose to Eo gland and
cessive dictators, where force is the means and power Germany ; but a motive is one thing and an act
or plunder the end, is not a particularly interesting something very different.
For all we know, there
Btudy. It Berves chiefly to illustrate the dangers of may be European Powers which would like to see
democracy and, unfortunately, to prove that certain a king installed at Washington; but we shall
States and communities are not fit for democratic probably keep our army and navy quiet until such
government. But this is somewhat beside the ques- powers take steps to place him there. The firing on
tion.
The problem involved in the present situation the Venezuelan forts was, very possibly, done with
is, what responsibilities any government incurs
mon- undue haste; for, though accounts of Venezuela's
archy, republic or dictatorship and how those re. accommodating disposition have come from Venez*
spoc8ibilitie3,if neglected, are to be brought home uelan sources, and are therefore open to some susto it.
picion, nevertheless it is fair to assume that a govCivilization has made necessary the imposition of ernment thus placed would have hastened to make
such responsibilities, and their acceptance by whatever the very slight reparation demanded by the fleets.
government anjwhere exists de facto. Among those For it was not the main question of indemnity for
responsibilities are protection of lives and property of injuries which was at stake on that occasion.
But
foreign residents or suitable compensation for failure the fleets, though they strained pretty far the proto protect them. The injury may be done by bandits prieties of international law, seem nevertheless to
or rebels ; nevertheless, international law assumes have acted within it.
that the bandits and rebels ought to have been conThe future course of events in this controversy
trolled.
If they were not, a proper claim for indem- ought to be highly interesting. For ourselves, we have
nity exists. Such a claim has for some time past not at any time apprehended "sensational" developbeen pressed by Great Britain and Germany on Venez ments. The placing of its interests this week in, the
uela.
hands of our Minister at Caracas, with a view to getWe are not in a position to state precisely what ting the best terms available for Venezuela, was the
were these claims. It would, we think, have been best thing President Castro had left to do. He would
wiser for the two European Powers to have set forth have been wiser still had he sought such a settlement
this matter clearly at the outset.
They have, how- before, and aot waited until a settlement would
denial from Venezuela that the necessarily bring some humiliation.
ever, asserted without
It is alwavs
claims were properly based and properly prestnted, possible that even
surrender will
qualified
a
and that they were ignored by Venezuela. It is quite threaten another revolution. His earlier outright
possible that Venezuela was not in a position to pay demand for arbitration of the European claims
what was demanded. London newspapers have as- struck us as rather tardy. Arbitration is in order
serted, in some detail, that the internal obligations when the claim itself is disputed, and we have no
incurred by the Castro^Governmtnt, notably to the knowledge as yet of any such dispute. An arbitrarailways which they seized for military uses, have of tion court to settle whether or not a State should be
sions.
3
—
—
—
;
THE CHKONICLE.
1328
made
to pay
what
it
justly
owes would be something
ensure honesty on
[Vol.
trie
LXXV.
part of the buyers and to pro-
tect the brewers against attempts to defraud them.
beyond the purposes even of the Hague tribunal.
By far the most encouraging fact in the situation No doubt, considering the nature of their business,
has been the sanity and cool-headednesa of our people. most persons would view with unconcern any blow
This shows for one thing that they understand the directed against the brewing interest, but one can immatter, and, indeed, the press discussion has been agine the same kind of an understanding to exist
unusually intelligent. It is a testimony, too, to the among any class of manufacturers or producers, having
nation's confidence in the head of our State Depart- no other purpose than to guard against fraudulent
ment, who had already justly earned the respect practices to prevent dishonest traders from running
nations.
But there up a bill first with one house, then another, until the
foreign
and
of his own
But if the ruling of the
inferences to be list had been exhausted.
notable
are other and more
drawn. Whatever view may be taken of the Kansas City Court of Appeals is to be regarded as
wrong of the Venezuela controversy correct legal doctrine, such an understanding is in the
or
right
that nature of a combination forbidden by the statutes
hardly
disputed
will
be
it
of
1895,
followed President Cleveland's at least the statutes of Missouri and any concern
the outburst which
message was emotional and not shared in by con- which is a party thereto subjects itself to all the penFor at least a week after the alties prescribed in such statutes.
servative classes.
issuance of that oelebrated paper, the nation seemed
The case in which this decision was obtained
talking of war with England as of a national was that of the Ferd Heim Brewing Company
to be
pleasure excursion. The consequences certain to against A. G. Belinder, a saloon keeper who was in
In the lower Court
follow such an appalling episode in the affairs of debt to the brewing company.
is,
nations were dismissed with scoffs. The truth
the company promptly won its suit and secured judgEurope refused to take us seriously; and, looking ment against Belinder. The Kansas City Court of
at the affair in retrospect, we can hardly blame her. Appeals, however, on Monday the 1st of December,
That she is taking us seriously now is abundantly reversed said judgment, holding that a recovery of
witnessed by the public attitude of the belligerent the debt by the brewing company is forbidden by the
European States in regard to the Monroe Doctrine.
express terms of the statutes of Missouri, Section
That France, through its press, should be discuss- 8970, already referred to. The three judges of the
ing the present affair with cool and statesmanlike dis- Court all concurred in that view. The only evidence,
cernment ; that Italy should have hastened, as It did the Court said, there was need to consider was that
in the days of Cavour and the Crimean War, to join given by the chief officer of the brewing company,
its larger neighbors in a belligerent demonstration
namely that the Heim Brewing Company and the
that the sharpest criticism of the weak points in other brewery corporations of Kansas City had an unand
the movement of the allies on Venezuela should have derstanding and agreement that they would not sell
found voice throughout the English press, are curious to any one who was in debt for beer to either of the
and significant signs of the times. We can regard others until he paid that debt. The statutes of Mlsthem philosophically, knowing that our own people's ouri denounce any agreement, arrangement or comattitude is right.
bination made with a view to lessen, or which tends
to lessen, full and free competition in the importaBy the
tion, manufacture or sale of any article.
DOCTRINE OF ILLEGAL COMBINATIONS agreement referred to no brewer would sell to a perEXTENDED.
son indebted to another brewer for beer, and conseThe Kansas City Court of Appeals, in a decision quently so the Court reasons the party indebted Is
just rendered, seems to have widened considerably the deprived of the right of having the several breweries
scope of the definition of what constitutes an illegal compete for his trade. He is deprived of the benefit
combination so as to bring it within the condemna- of competition and left at the mercy of his partion of the statutes directed agaiast such combina- ticular creditor, who could impose any price he saw
tions.
Missouri, like most other States, has its anti- fit.
" Suppose," reads the opinion, ",jthe retail dealers
This law provides that any corporation
trust law.
—
—
—
—
which shall create or be a party to a trust, agreement at any place were to enter into an agreement that
or understanding to regulate prices or to limit the they would not sell to any one who was indebted for
output of any commodity shall be deemed guilty of a goods to either of the others, would not the effect be
conspiracy to defraud, and any combination designed that the debtor would be confined to the one merto lessen free competition in any commodity shall be chant and subject to any extortion he might conclude
deemed guilty of conspiracy to defraud. It is further- to impose?'' The effect and tendency of such agreemore provided (Section 8970 of the Missouri S atutes) ments, the Court avers, are wrong, and in its view
that any purchaser of any article or commodity from they are not only under the ban of the statute, but
any individual, company or corporation transacting are against public policy.
"Many worthy peobusiness contrary to any of these provisions shall not ple, through misfortune, become indebted, and they
be liable for the price or payment of such article or ought not to be met with an agreement which deprives
commodity, and may plead this law as a defense to them of the common right of citizenship to buy of
any suit for such price or payment.
whoever keeps for sale the article wanted. They
It appears that the brewery concerns in Kansas City ought not to be made to labor under a disability
have had an understanding or agreement among them- which is not imposed upon their more fortunate felselves by which a debtor of one concern could not lows."
secure goods from any other until his debts to the first
To the layman this construction seems questionconcern had been paid. Such an arrangement would able. The Court sees the effect of its decision,
seem to be one against which no conscientious dealer and undertakes to meet the objections that arise
could reasonably object, since
it Is
merely calculated to
in
the
mind
by
saying,
"It
is
doubtless true
;
December
30,
many
3
.
..
THE CHRONICLE.
1902. j
instances some sort
extra legal
1329
crease in gross reports $50,012 diminution
in net ;
debt from a dishonest the Cleveland Cincinnati Chicago & St. Louis, while
debtor would find favor in the eyes of most having added $15,413 to gross, falls $106,752 behind
men ; but we cannot look to individual instances. in net. And these illustrations might be extended
The question is, what is the tendency of the agree- almost indefinitely.
The causes for the larger expenses which these
ment and what are the opportunities for oppression
that
mode
in
to
a
collect
of
jnst
which the statute is designed to suppress ? It is no
answer to the view we have taken to say that any one
has a right to refuse to sell to whomsoever he may
elect.
It is true he may so refuse, but the argument,
properly applied; is disastrous to those who advance
Any one may exercise a choice as to whom he
it.
will sell his goods, but he cannot enter into a contract
whereby he binds himself not to sell, for in such instance he barters away his right of choice and de
stroys the very right he claims the privilege of exercising. After entering upon such agreement, he is no
net reflect are well known.
In not a few
instances railroad managers are taking advantage of
losses in
the existing prosperity to extend their renewal
betterment work.
and
plies,
and
Besides this, materials and supthe items entering into
In fact nearly all
the operating accounts of the railroads, have greatly
To this is to be added another
contributing cause, namely the higher wages that
increased in cost.
are so generally being paid.
We
furnish below a
list
of the gains
and
losses in
both gros3 and net on the separate roads exceeding
longer a free agent/' It remains to be seen how far $30,000 in amount. It will be observed that while
other courts will be inclined to accept this course of there are 38 roads or systems having gains in gross
above the amount mentioned, with only 8 roads showreasoning.
ing decreases in exoess of the limit, in the
OCTOBER. case of the net there are but 16 roads with gains run-
RAILROAD NET EARNINGS FOR
Our compilation of gross and net earnings for the ning above $30,000, while there are 14 roads with
month of October brings out in a striking way the losses exceeding that figure.
PRINCIPAL CHANGES IB GROSS EARNINGS IN OCTOBER.
part played by increased expenses in the affairs of
American railroads. With $6,277,165 or 5-93 per Ohio. R. I. Increases. $1,516,655 Chicago & Increases. $77,587
& Pacific...
Alton
cent gain in the aggregate of the gross earnings of Pennsylvania (2 r'ds)t
Canadian Paoiflo
the 105 roads from which we have secured returns, Atch. Top. & Santa Fe.
our statement shows no gain at all in net earnings,
but actually a small loss $416,786. Of course the
anthracite coal roads have contributed in no small
degree to this unfavorable result, for while the strike
was brought to an end during October, work was not
resumed until the 23d of the month. Accordingly
we find that the anthracite group of roads sustained
a loss of $2,222,411 in gross earnings and of $2,000,180
in net. At the same time the Chesapeake & Ohio
continued to suffer by reason of the strike of the
bituminous coal miners in West Virginia, and for the
month reports a decrease of $241,527 in gross and of
$189,339 in net.
v
—
January
October
(105 roads.)
1908.
1901.
1
$
Gross earn's 112,01',914 105,740,749
Oper. exp... 7l,348,34» 64.654,398
Net earn's
40.869.565
41,086.351
1 to Oct. 31.
(100 roads.)
Increase.
1902.
1901.
•
1
Increase.
$
6,277,165 817,212,625 766.0P5.802
Southern Railway
Gr.
Trunk
8ys.(3 r*ds).
Baltimore & Ohio
ttt. Louis & San Fran..
Onion Pacific
Wabash
Minn. St. P. & 8. St. M.
Chioago & East
Nash. Chat. <fc St. L...
m
Norfolk & Western
Seaboard Air Line
Yazoo & Miss. Valley.
Denver & Rio Grande§
Wisconsin Central
Central of Georgia
Long Island
Pere Marquette
.
*Does not include results for Lehigh Valley Coal Co., which latter
shows a decrease of $1,884,527.
t Covers lines <tlreotly operated east and west of Pittsburg and Erie.
The gross on Eastern lines (including. Buffalo & Allegheny Valley
Division) Increased $1,016,600 and the gross on Western lines increased $373,700.
These figures are for the Railroad Company
pany reports a decrease of $2,648,138.
§ Including Rio Grande Western.
44,108,287
•416.786 269.530,178 262,509,742
7,020,436
which
diminished net earnings. The
Pennsylvania Eailroad in particular is distinguished in
this way.
On the combined Eastern and Western
lines this important company shows $1,390,300 gain
in gross but $9,100 loss in net. Numerous other instances of the same kind may be cited. The Southern Pacific with $403,790 increase in gross has $138,988 decrease in net. The St. Louis & San Francisco
with $170,708 increase in gross ha3 $98,318 decrease
in net; the Missouri Kansas & Texas with $3,391
more gross has $49,551 less net ; the Norfolk & Western, having added $112,570 to gross, shows net contracted $42,436 ; the Nashville Chattanooga & St.
Louis with gross improved $115,989 has a falling off
of $8,239 in net; the Southern Riil way with $288,278 gain in gross shows a shrinkage of $28,561 in net
similarly, the Seaboard Air Line with $98,682 in-
NET
Increases.
Ohio. B.
I.
<fe
Pacific.
& Santa Fe
Chic Mil. & 8t. Paul.
But the roads named above do not stand alone in
showing diminished net earnings. There is a large
number of companies which, as in the months preceding, materially enlarged their gross receipts, but
PRINCIPAL CHANGES IN
Atoh. Top.
Decrease.
nevertheless report
Ohio. Mil. & St. Paul..
niinois Central
61,126.723
6,693,951 547,682.347 503,576,060
Southern Paoiflo 8ys..
Louisville A Nashville
Atlantic Coast Line...
1,390.300 Phil. Wilm. A Bait....
71,000
544,999 Colorado & Southern.
69,528
520.008 Erie
60,990
403,79> Bun*. Rooh. & Pitts....
60,516
381.268 Kan. City Southern. ..
60,959
335,183 Wheeling & Lake Erie
45,690
293,434 Ft. Worth & Den. City
44.098
292,477 Chic Indpis & Louis
40,961
288,278
215.^88
Total (representing
209,096
38 roads)
$8,564,136
170.708
168,691
Decreases.
164,396
152,359 Lehigh Valley'
$892,115
141,191 Central of New Jersey
456.494
115,989 Phil. & Reading RR.J.
600,712
112,570 Chesapeake & Ohio...
241,527
98.682 N. Y. Ont. & Western..
137,552
92,520 N. Y. Basque. 4, West..
135,538
91,232 Northern Central
50,800
85,457 San Ant. & Ax. Pass..
48,741
83,296
Total (representing
82,522
82.120
8 roads)
$2,563,479
Louisville ANashvlUe
Atlantic Coast Line...
Canadian Pacific
Denver & Rio Grande§
Baltimore & Ohio
Mlnn.St.P.&S.Ste.M.
Illinois
Central
Chicago A Eastern IU.
Pere Marquette
Erie
Wisconsin Central
Phil. Wilming. & Bait.
Ft. Worth & Denv.
C
$610,678
263,1 1
204,363
193,768
18-.912
149,09 6
103,475
99.088
9\928
70,117
65.62
62,730
59.994
53,735
50,200
35,069
the Coal
;
<S
Iron Com-
EARNINGS IN OCTOBER.
Decreases.
Lehigh Valley*
Gent, of New Jerssy.
Phila.
& Reading
Chesapeake
&
KRt
Ohio...
Southern Paoiflo
N. Y. Ont. <fe Western.
N. Y. Susque. & West.
Olev.Cln.Chic&St.L.
St. Louis <te San Fran..
Northern Central
San Anton. &Ar. Pass..
Seaboard Air Line....
Mo.Kans. & Texas...
Norfolk & Western
$790,475
504,959
463,710
189,339
138,988
132,871
108,165
106,752
98,318
93,400
54,317
50,012
49,551
42,436
Total (representing
14roads)
$2,823,293
Total (representing
16 roads)
$2,305,888
Note— On the Pennsylvania RR. the net on Eastern lines (including Buffalo As Allegheny Valley Division) lnoreased $31,800 and
the net on Western lines decreased $40,900.
* Does not include results for Lehigh Valley Goal Company, which
latter shows $181,891 deorease.
1 These figures are for the Railroad Company ; the Coal & Iron Company reports a deorease of $614,679
§ Includes Rio Grande Western.
As
far as the ordinary conditions affecting traffic
and revenues are concerned, the situation
known
is
well
continued
active, insuring a large volume of passenger business
and of general merchandise traffic. As regards the
crop movement, while the corn shipments fell below
those of a year ago, the grain traffic as a whole in the
to our
readers.
General
trade
:
THE CHRONICLE.
1330
[Vol.
LXXV.
Karl Marx, author of " Das Kapttal," published in
same period of 1901. In
the South, however, the roads had a smaller cotton 1867, held that commercial crises were an incident of
movement. Comparisons of earnings is with a month the exploitation of labor by capital. " The whole
last year when the improvement had been of unusual form of the movement of modern industry/' he writes
proportions, the gain in gross earnings for October in his chapter on the Law of Capitalist Accumulation,
1901 having been $13,463,045, or 1335 per cent, and " depends upon the constant transformation of a part
the gain in net $7,693,602, or 20*45 per cant, as will of the laboring population into unemployed or halfemployed hands." The unemployed, whom he calls
be seen by the following table.
the " industrial reserve army," are, in his view, necesWest; was larger than la the
Net Earnings.
Qrot8 Earnings.
Tear A
No. of
Tear
Given.
Increase or
Tear
Tear
Preceding.
Tear
roads.
Decrease
Given.
Preceding.
:
~T'~
Oct.
'98(124)
53,620.240
63,606.620
•94(187)
61,205.988
64,969.058
'95(183)
65,617,642
62.589.268
60.425.019
•96(125)
'97(125)
72,051,857
65 982,6
67,369,774
'98(121)
79,189.550
74,608,267
'99(128)
82,648,011
'00(131)
93,439,839
101,185,248
'01(111)
114,274,630
100.811,585
112,017.914
105.740,749
'02(106)
Jan.
when a new period of
" The
expanding trade demand ensues. He adds
sary to the uses of capital
Increase or
Decrease.
97,613,383
-8,986,380
—8,763.070
+6.192,493
—3.393,332
+4,692,183
+4,381,283
+10,791,828
+8,571,865
+13,483.046
+8.877,165
84,864,763
24,025,430
22,994,389
26,680,314
25,727.892
23,206 63»
85,938,287
25 825,578
24,162.741
27,876.385
32,203."8t
29.708.237
36,761616 32,652.683
88.889, s 92 88,630,261
46,303.549
37,609,94?
40,669,666
41,086,851
condemnation of one part of the working class to enforced idleness through the overwork of the other
part and the reverse movement become the means of
enriching individual capitalists and accelerate at the
same time the creation of the industrial reserve army
on a scale corresponding with the advance of social
accumulation." The fallacy of Marx's doctrine of
commercial crises lies in his implicit assumption that
+339.333
—2,733.303
+3,324,675
-1,775.516
+2,049.762
+2,495,447
+4,108,9i8
—290,859
+7,69 1,602
-116.786
to Oct. 31.
1
'98(115)
648.601.391
»94(180)
478,872,322
'U5(125)
•97(113)
506.695.888
494.774.249
5 38,449.966
•98(113)
622,961.575
•96(118)
•99(118)
715,500.459
•00(12 i)
820,981.165
•01( 96)
876.129.186
•02(100)
817,212,625
-6.804,529
—29,360,777
+16,250,144
+114.642
+18.020,914
+17,817,873
+24,890,709
+22,091,098
+44,023,890
786.085,802 +61.126,723 #9,530,178 262,509,742 +7,020,438
559,290,510 -10.639,118 173.834,617 180,639,146
546.740,486 —75,368,16* 114,602,75? 173 868,634
480.9is.191 +85.732.697 164,631,876 148,881,732
491,321,205 +3,458,044 157.077.43W 156.96 !,797
618,817,432 +96,232,534 181,170.427 163.149,513
574.402,141 +48,569.484 208,327,201 190,503,328
651,155.043 +64,316,41*1 236.157,616 211,268.936
744,678,150 +76.403.00f 263,666,428 246,585.330
788.804.1H9 +88.926.01 303,707,180 259.678,790
not injured by the violent reaction which,
in his words, " sets free " a good part of the laboring population.
A period of commercial panic and
capital
is
he appears to regard as a mere incident which
capital may regard with indifference, except for the
increased command which is thereby obtained over
coalmining labor.— [Editor Financial Chronicle. J
Note.—We no longer
distress
include the Mexican roads or the
operations of the anthracite ooal roads In oar totals. Figures for
previous years have been revised In accordance with this change.
When
is
arranged in groups the anthracite ooal group
the only one showing a loss in gross, and even in
the case of the net the Eistern Middle group
is
ITEMS ABOUT BANKS
—The
public sales of bank stocks this week aggregate
which 402 shares were sold at the Stock Exchange and 758 shares at auction, The transactions in trust
company stocks, all auction sales, reach a total of 86 shares.
A block of 200 shares of Bank of the Manhattan Co. stock
the
1,160 shares, of
only other one which has fallen behind.
While, howit will be
noticed that with the single exception of the Northwestern group the improvement in net is com- was
the other groups
ever,
show
all
BANKERS AND TRUST CO. '8
gains,
sold in one lot at 838,% an advance of 7 points over the
price paid at the last previous sale. The dealings at the
paratively small.
,
Stock Exchange were
SUMMARY BT GROUPS.
all in
National City Bank stock, which
uniform
Net Barntngs.
price of 290. No sales of bank or trust comaany shares have
been reported in the outsile market.
1901.
Inc. or Dee.
Banks— Nev> Torit.
Morci.
Price.
Last preHoui tale.
P.O.
f
$
8 America, Bank of
Deo. 1902— 555
0-41
558»s
10,501,918
+42,696
182i«
3 Central National Bank
Deo. 1902— 180
2,976,180 —2,000. ISO 67-23
*422 City Bank, National
290 291
Deo. 1902— 290
—15,48?
1,646.081
294
River Natl Bank
24 East
168
May 1902— 171
2,852,365
+H5 797 686
65 German American Back
165
June 1902— 159 1*
4.403,159
+983,416 2247
640
5 Hanover National Bank
Nov. 1902— 641
200 Manhattan Co., Bank of the... 328 7e
Nov. 1902— 331
8,942,416
+171,918
4*J6
2 Market & Fulton Nat. Bank... 271
Oct. 1902— 270
38 Mechanics' Nat. Bank
280%
July 1902- 295
1-26
8,974,847
+113,533
50 North America, Nat. Bank of.. 225
Deo. 1902— 225
1-96
5,890,375
+115,80
299*2
Mar. 1902— 285
18 People's Bank
325 Produce Exchange B'nk.N.Y.. 175
Dec. 1908— 178 1*
410:6,^51
—416.786
101
Trust Companies—N. T.
622,288
+115 287 18-58
297*3-300
21 Amerioa, Trust Oo. of
Dec. 1902— 300
sold in various lots to the extent of 402 shares at the
SBCTION OR
Group.
1902.
October.
Trunk
Gross Earnings.
lines. (10)
f
31,640,558
1901.
t
29,573.074
1902.
$
10.544,514
Anthra. coal (6)
Hast. & Hid. (15)
Mid. West'n.(l8
5.849,802
3.833.3MH
8,300,20
8,04",162
Northwest'n(l2i
12,567.117
10.610,43!-
6.392,576
North Pacific (8) 9,134,64b
Southwestern &
South Pad 17) 22,905,3=6
Southern ...(26) 17,013,310
8,41 *,824
1,114,8)4
21,679,051
16,645,7d0
9.0^8,3^0
Total UOSr'de; 112,017.91)
I05.710.74fc
40,669.565
2,67,4,629
1.957.2 29
737,516
Jan.
9,043,978
8.072,01s-
975,000
8,640,888
1,600,594
6.005,976
1 to Oct. 81
Trunk
lines. (10) 833,261,193 268.0S8.24C
90,210.936
85,726.221
+4,482,775
6*23
Anthr.
coal..
East.
&
(4)
39.661,617
46.723,079
11.317,739
17,409.460
-fl.091.72i
81-99
Mld.(16i
35.328,841
38,63 1.5 It
11,802,749
11,689,539
+118,210
4594,416
1500
741
322 336
Deo. 1902- 1494
May 1902— 775
Dec.
1902- 340
Dec 1902—
97
Mid. West' iuiki 77,992,202 72,089,101 83,816.188 83,221,742
Northwest'n (11 64,453,027 60,875.402 22.395.U65 20,513,257
North
3 Farmers' Loan & Trust Co
25 Guaranty Trust Co
35 Merchants' Trust Co
2 North Amerloan Trust Co
Paclflc(3)
72,883,895
65,102.9^8
80,005,637
87,473,846
+1,882.693
+J.631.842
266
917
922
Southwest. &
South Pact 14i 101620,910 96,959.370 86,112.209
35919,627
+ 192.582
63
Southern.... (25
40,661,051
+3,814,634
8-17
Total (100 r'ds) 817.212,525 766,085.802 tt9.580.17: 282,509.742
+7,020,436
2-0
148,159,93? 129.214,148
43,838.885
i
*
Of
this,
290^
290*3
402 shares were sold at the Stoek Exchange.
—The United
States Mortgage
&
Trust Co. of this city
has declared a semi-annual dividend of 8 per cent, payable
Dec. 31. This is an increase over the previous payment,
which was 7 per cent in June 1902.
—The
Bank of the United
on January 18 ratify the increase in
capital to $10,000,000, proposed by the directors, for the purDOCTRINE."
pose of taking over the Western National Bank, as outlined
Schenectady, N. Y., Dec. 2, 1902.
in our issue of last Saturday. For every $100 share the
stockholders of the Western will receive $140 at par in the
To the Editor of the Financial Chronicle, New York
Dear Sir— In the last number of the Chronicle, in con- stock of the consolidated bank and $70 in cash. Those not
nection with President Eliot's address on labor unions, you desirirjg to continue as stockholders in the new bank will
spoke of the " Marxian school of economists" and " capital- have the alternative of taking in cash $600 for each $100
A dividend of 75 per cent is to be allotted to the
istic production."
I have seen this term several times share.
present shareholders of the National Bank of the United
recently, and would like to know what they advocate. I do
not believe one business man out of a hundred knows any States. The latter will also have the privilege of subscribing
more about it than I do. Possibly in some number of the to 45,000 of the new shares at 125.
Chronicle this matter will be explained. We all are very
—The Central Realty Bond & Trust Company of this city
much interested concerning crises and industrial depressions, has declared in addition to its ordinary semi-annual dividend
and need all the information possible concerning them.
of 6 per cent an extra dividend of 4 per cent, both payable
January 2 1903. The first dividend was paid in July 1902—6
Yours truly,
per cent.
H. D. M,
Mexican
(2)
22.461.9'i6
19.173.967
e,«97.62£
6,891,681
+1.105.841
18 77
stockholders of the National
States, this city, will
THE "MARXIAN
December
THE CHRONICLE.
20, 1902.]
—The New York
National Exchange Bank of this oity
yesterday opened for inspection its handsome new banking
rooms on the corner of Chambers Street and West Broadway. A description of the architectural design of the new
offices
was given
Chronicle
in the
of
September
6.
—Mr. Henry A, Balden has been elected Cashier of the
Stnyvesant Heights Bank of Brooklyn to succeed Mr. Robert
A. Doolittle, resigned. The bank began business in May of
President and
this year with Mr. Ludwig Nissen as
Mr. Henry B. Haigh as Vice-President. Both of these
gentlemen, however, resigned this fall on acconnt of
pressure of other matters. The head of the institution is
now Mr. David A. Sullivan.
—The Flatbush Trust
Company of Brooklyn has increased
semi-annual dividend to 3 per cent, payable Jan. 2, 1902.
The company made its initial payment, 2% per cent on Jan.
2, 1902, and paid the same amount in Jaly, 1902.
its
1331
things mostly concerning the use of banks, the most prominent of them being an old-fashioned memorandum which
many a luckless person has proved to be sound that money
is safer in bank than on the person or hidden in the house.
—
A condensed sketch of the history of this very old bank,
dating from 1793, and the fifth in the United States in age,
occupies a few pages. This is so interesting that we are
tempted to go over it for the second time. How possibly
some of the first subscribers to the stock paid in merchandise, just as some of them contributed in "pure spirit," and
Noah Webster Jr. contributed seven dozen spelling books,
to the building of a church at about that date; how the new
bank at once adopted the decimal currency; how rigorously
its discount rules held customers up to payment and to
promptness in payment;
how
it
made
all
board-room trans-
actions positively confidential— these are matters of interest,
but
we must
The Hartford
forbear.
ful bank, in a sturdy
a sturdy and successand the little booklet
the modern methods of advertising
and famous
is
city,
—The stockholders of the Bank of Jamaica, the Flushing incidentally illustrates
Bank and the Far Rockaway Bank (all of Qaeens County) which even banks find it wise to employ. Like other instiratified on Monday last the proposed merger with the lately tutions of business, they do not wait merely— they
seek.
organized Bank of Long Island. Jamaica is to be the head—The executive committee of the Mercantile Trust & Dequarters of the new bank, originally capitalized at $100,000,
posit Company of Baltimore, at a special meeting on the
but the amount to be increased to $500,000 with $100,000 surMr. Samuel R, Smith,
connected with the
various consolidating banks, has been chosen President of
the enlarged institution. The actual merger will occur about
plus.
January
officially
2.
— The Windsor Trust Company of this city, which was promonth
15th inst., adopted appropriate resolutions with reference to
the recent death of Major Alexander Shaw, one of the oldest
members of the board.
— Mr. James R. Edmunds has been elected Vice-President
of the National Bank of Commerce of Baltimore. Mr. Edmunds has been Cashier of the bank since 1880. He will
announces the election of the
continue in that position while acting as Vice-President.
Van Brunt; ViceMr. Magruder .Powell, who has been with the bank since
Presidents, Robert H. McCardy, James A. Burden Jr. and
1882, has been made Assistant Cashier.
John Alvin Young; Treasurer, Ford Huntington and SecreThe Girard Trust Company of Philadelphia, at the stocktary, A. Gordon Norrie.
holders' annual meeting on Monday, reported the currentAt a meeting of directors of the International Banking
year's business as the most successful in the company's his
Corporation of this city held yesterday, toe following officers
tory.
The total profits were 37 per cent, 20 per cent of
were elected William L. Moyer, President of the National
which went to the stockholders and 17 per cent to undivided
Shoe & Leather Bank, President John B. Lee, General Manprofits.
ager Thomas H. Hubbard, Chairman of Board John HubThe board of the Union Trust Company of Philadelphia,
bard, Treasurer James H.JRogers, Secretary Alexander &
at a meeting on the 16th inst., adopted resolutions on the
Green, Counsel Allan W. Paige, Resident Attorney, BridgeA. Fletcher, a director since 1892 and
port, Conn.
Executive Committee Thomas H. Habbard, death of Mr. George
Vice President since 1897.
William L. Moyer, H. Fiske, Edwin Gould, J. H. Hyde,
Mr. Horatio G. Lloyd was regularly elected by the board
Luther Kountze, John J. McCook, William A. Read and
of directors President of the Commercial Trust Company of
William Salomon.
Three new directors were added to the board of the Philadelphia on the 11th inst. Mr. Lloyd was formerly SecMercantile Trust Company of this oity at a meeting this ond Vice-President and has been the acting President of the
week. The additions are Mr. Gage E. Tarbell, of the Equit- company since the resignation of Mr. C. Stuart Patterson
able Life Assurance Society; Leslie D.Ward of the Prudential over a year ago. Mr. James H. Hyde of New York was
chosen Vice-President in place of Mr. Lloyd. Mr. Hyde is
Life Insurance Company and Edwin Gould.
the well-known Vice-President of the Equitable Life Assur'
Stanley D. McGraw, of Allen, McGraw & Co., was
ance Society and a director in about forty other corporations.
this week admitted to membership on the New York Stock
Mr. Henry C. Deming, Vice-President of the Mercantile
Exchange.
Trust Company of New York, succeeds Gen. Louis Fitzger—Notice has been sent to the stockholders of the Orange ald of New York as a director in the Commercial. Mr.
National Bank of Orange, N. J., to deposit their stock with Henry Rogers Winthrop has also been made a director. The
President Charles M. Dacker, in pursuance of the agreement company is largely controlled by Pennsylvania Railroad infor the transfer of the same to interests connected with the terests and those of the Equitable Life Assurance Society of
United States Mortgage & Trnst Company. The transfer is this city. Its growth has been steady and substantial,
on the basis of $275 per share; only $250, however, is to be
—The directors of the Excelsior Trust & Savings Fund
paid at the present time, the balance being held until it is
Company of Philadelphia have elected Mr. F. W. Price Secreshown that the volume of business reaches the representatary and Treasurer.
tions made by the seller. It is believed that steps will ulti— The Farmers' & Merchants' Trust Co. of Greenville, Pa.,
mately be taken to liquidate the affairs of the bank preparaformerly the Farmers' & Merchants' Bank, commenced busitory to turning it into a trust company.
The Orange
ness last week. The paid-up capital is $125,000. One of the
National was organized as a State bank in 1828 with $100,000.
company's features will be a special department devoted to
The capital was increased to $150,000 a few years later and
savings deposits. Mr. C. R. Beatty is President, M. H. Fetzer
the change to a national institution made in 1865.
and Mr. L. A. Burnett, Vice-Presidents; H. A. Beachler,
—The Westfield Trust Company of Westfield, N. J., has Secretary and Treasurer; S. D. Hum, Assistant Secretary.
filed articles of incorporation.
The company's capital is
The name of the new East Harrisburg Bank of Harrisburg
$100,000 and it will engage in a general trust business. The
is to be changed to the East End Bank. This is done to avoid
whole 1,000 shares at $100 per share, it is stated, has already
confusion with the Harrisburg National Bank.
been
jected several
following officers
:
ago,
President, Caarles H.
—
—
:
;
;
;
;
—
;
;
:
—
—
—
—
taken.
—The Hartford National Bank, of
whose historical bookat considerable length in this column some
eighteen months ago, has now issued a much smaller one in
let
we spoke
pocket size. It comprises a directory of streets and of prominent buildings and pleasure resorts, an electric-car guide
and other matters of local interest to residents of Hartford,
making a handy companion for ready reference. A few
pages of things worth bearing in mind are given, these
—
After careful consideration the finance committee of the
board of directors of the Mechanics' National Bank of Philadelphia have declined all offers made lately for the purchase
of the bank. It is said the institution's prosperous condition
prompted this
decision.
— Mr. James C.
First National
Ernst has been elected to the board of the
of Cincinnati, succeeding the late Mr.
Mr. Ernst is identified with numerous Cov-
Bank
L. B. Harrison.
;
.
THE CHRONICLE.
1332
ington, Ky., enterprises, chief of
which
[Vol.
LXXV.
the Cincinnati
the
nished in mahogany, marble and bronze. Separate rooms
have been provided for the officers, the clerical force, direcex- tors, ladies' parlor and waiting rooms, coupon rooms, etc.
ecutive.
Ample space has likewise been secured for the company's six
Last Wednesday the stockholders of the Union Banking departments, namely, financial, savings, trust, safety vault,,
& Savings Co. of Cleveland were notified (according to the real estate and bonds and securities. The vault, with 2,500
Cleveland Leader) of a 40- per- cent reduction in capital. boxes, forms one of the attractions of the institution. The
The shareholders will on Dec. 27 receive 40 per cent company has a paid-in capital of $200,000. Mr. J. D. Powers
in cash, it is stated, and 60 per cent in the new stock is President and Mr. B. B. Veech Vice-President.
is
Newport & Covington Light & Traction Company and
German National Bank, of both of which he is the chief
—
As
columns Nov
—The Memphis Trust Company of Memphis has absorbed the Title Guarantee
Trust Company (capital $100,000) of the same city. The Memphis Trust Company has a
capital stock of $408,200, which is to be increased to $700,000.
The Chicago bond house of MacDonald, McCoy
Com- Under the arrangement the stockholders of the Title Guarpany has opened a branch office at No. 4 State Street, Boston. antee & Trust Company will become stockholders of the
Mr. John O'Brien, for many years with W. J. Hayes
Sons, Memphis Trust Company. The latter is planning to erect a
and latterly manager of their Boston office, will be in large office building on Main Street soon.
charge.
The officials of the City Savings Bank of Waco, Texas,
for their holdings.
stated in these
15,
the
&
&
Trust Company of Glenville, Ohio,
opened on Nov. 1 as successor to the Glenville branch of
the Union Banking & Savings Company of Cleveland.
Glenville Banking
—
&
&
—
—Both the stockholders of the Wheeling Title & Trust
Company and of the Dollar Savings Bank of Wheeling have
Bank
are the incorporators of the National City
(capital $100,000)
,
of
Waco
approved by the Comptroller on the 11th
approved the proposition to merge the two institutions. The inst.
name of the new corporation will be determined later. New
directors and officers will be elected and the working forces
190%.
of both banks reorganized at the next annual meeting of the
Wheeling Title & Trust Company in January. As noted last
The cotton-manufacturing industry at Fall River has reweek, enough additional capital will be subscribed to make turned during 1902 more satisfactory financial results than
the paid-up capital of the new concern $500,000, with a large those for the preceding year, but the shareholders have resurplus, probably $200,000 at least.
ceived on the whole smaller dividends than in 1900. At th e
" Money " of Pittsburg writes us to say same time the average rate of distribution has been greater
—The editor of
that the report with reference to the increase in the capital than the average^ or the previous decade. Three mills have
of the German National Bank of Pittsburg which in our made no distribution, but the remainder as a rule have paid
issue of last Saturday we credited to the Pittsburg " Dis- out larger amounts than in 1901, and the average dividend
patch," originally appeared in the columns of "Money."
for the thirty-five corporations reporting has been 6'47 per
The United States Trust Company of Terre Haute, Ind., cent. This result does not of course compare very well with
8 '85 percent, but is much better than in
is being organized with $500,000 capital stock and $100,000 the 1900 average of
any other year since 1895.
surplus.
There have been few developments at Fall River during
The Union National Bank of Indianapolis, Ind., whose
the year calling for special comment, the subject having been
organization was concluded by the issuance of a certificate
Crop Report issued
from Washington on the 1st inst., opened for business at 25 quite fully covered in our annual Cotton
The mill managers voluntarily announced
last September.
North Pennsylvaria Street on Monday of this week. The
26th an advance in wages of 6 per cent, to bebank's authorized capital of $200,000 is fully paid. The on February
effective April 7, but as Mr. Borden accorded a rise of 10
officials are
President, Mr. William J. Richards; Vice- come
the operatives in his mills before the latter date,
President and Cashier, Robert E. Morrison; Assistant per cent to
the force in other mills demanded a like increase, and it was
Cashiers, Frederick N. Smith and Charles H. Morrison.
granted. Machinery has been fully employed throughout
The Government charter of the Drovers' National Bank
the year, and prioes for goods have at no time been unsatisof Chicago having expired by limitation on Monday last
factory.
(15th inet.), the Drovers' Deposit National Bank began busiTurning again to a consideration of the extent to which
ness as its successor in the same quarters near the Union
stockholders have benefited from the operations of the mills,
Stock Yards. The capital is $600,000, being an increase of
we find the fourth quarter's distribution to have been not
$350,000 over that of its predecessor, with $150,000 reserve
quite as good as that for the third, but more satisfactory than
fund. Shareholders in the old Drovers' National will refor the similar period of 1901. Thirty-two of the thirty-five
ceive $225 per share in its liquidation. The officers are Prescorporations included in our statement have declared diviident, W.
H. Brintnall
Vice-President, John Brown
dends during the last quarter averaging 1*45 per cent on the
Cashier, William A. Tilden
Assistant Cashier, George M.
capital invested, against 1*24 per cent in 1901, 1'84 per cent
Benedict. Directors. W. H. Brintnall, John Brown, Wilin 1900, 2-40 per cent in 1899 and 1'09 per cent in 1898. The
liam A. Tilden, Edward Tilden, M. F. Rittenhouse.
details for the fourth quarter in 1902 and 1901 are as follows:
The Chicago bank clerks— 500 of them— are preparing a
book on the financial, commercial and industrial interests of
Dividends 1902. Dividends 1901. Increase
fourth Quarter.
or
Capital.
1901.
1H08 and
the country, under the snpervision of President Fred I. Kent
P. C. Amount. P. C. Amount. Decrease
of the Chicago Chapter of the American Institute of Bank American Linen Co
$S,O0(
+$4,000
1
$800,00(1
$ 12,00c
ik
6,750
6,760
IX
450,000
IK
Clerks. It will be a record of facts and not the exploitation Arkwright Mills
—2,000
6.0
4,000
1
W
400,000
Marnaby Manufact'g Co..
4,950
+2.475
7,425
I
405,000
IK
of theories. The suggestion of the plan was made by Presi- Barnard Manufact'g Co..
16,000
16,000
IK
IK
1,000,000
Border City Man'f'g Co..
10,000
+8,(K>6
3
12,000
400,000
2H
dent Kent and it was approved at New Orleans last month Bourne Mills
11,261
11,250
IK
750,000
IK
Mills
FALL RIVER MILL DIVIDENDS IN
—
—
:
—
:
;
;
—
by the American Bankers' Association.
The charter of the National Bank of Oshkosh of Oshkosh,
Wis.,, expires next February and the old institution will go out
of existence. Authority was obtained to organize a new bank.
The capital stock is to be $300,000. The name will probably
be changed to The Old National Bank of Oshkosh. Most of
the present officers and stockholders will continue in the
—
new
concern.
—The National Trust Company of Louisville, Ky., now
temporarily located in the Kenyon Bailding will after the
first of the year occupy its own building at Fifth and Main
streets.
Shortly after the company's organization some
months ago the building, then four stories, was purchased,
and has since been undergoing extensive remodeling. An
additional story has also been added. The offices of the
company will cover the entire first floor, and will be fur-
Chace
Conanicut Mills
Cornell Mills
Davol Mills
Flint Mills
Granite Mills
Hargraves Mills
King Philip Mills
Laurel Lake Mills
Mechanics' Mills
Merchants' Manufac'g Co.
Metacomet Man'f'g Co...
Narragansett Mills
Osborn Mills
Parker Mill
Pocasset Manufact'g Co.
Richard Borden MTg Co
Robeson Mills
Sagamore Mfg. Co
Seaconnet Mills
Shove
Mills
Slade Mills
Stafford Mills
Stevens Manufactur'g Co.
Tecumseh
Mills
Troy Cot. & W. Mfg. Co..
Union Cotton M'f'g Co...
Wampanoag Mills
Weetamoe Mills
Totals
120,000
400,00u
400,000
580,000
1,000,000
800,000
1,000,000
800,000
750,000
800,00(1
288,000
400,000
750,000
800,000
600,000
800,000
78.000
900,000
000,000
550,000
200,000
1,000,000
700,000
500,000
300,000
1,200,000
750,000
650,000
$91,411,000
2
1*
IK
1H
2
IK
1*
IK
1
1
2,400
6,000
6,000
8.700
20,000
12,000
15,000
4,600
2
2,4'
IK
6.000
t\00o
8,700
7.500
8.000
l
.No dividend.
IK
1
2
Ik
IK
6,000
7.600
16,000
9,000
12,000
.No dividend.
ik
i*
i
1S.60D
9.000
6.500
.No dividend.
ik
10,000
14,000
7,600
*
in, 000
1H
18.000
7,500
5.600
1
2
1
1
1-46
$311,625
IK
IK
IK
«
1
lfc
ir>,ooo
+5,000
12,000
15,000
d.OOO
7,500
12,000
+1,000
-hiVooo
.No dividend.
4,000
+2.'6o6
.No dividend.
+7,600
1
a
16,000
IK
IK
9,000
12,000
.No dividend.
2
1
18,000
6 000
.No dividend.
.No dividend.
.No dividend.
—4,600-
+3,000
+6.60O
+Vo.'o'ii6
2
'..OOo
+7,000
1
5,000
12,000
IH.000
+2,600-
.No dividend.
+7,600
4
m
l
1-24
6,nOl
$968,080
+40,476
$
.
December
THE CHRONICLE.
20, 1902.]
Combining the foregoing results with those for the nine
montas (published in the Chronicle Aug. 23, page 371), we
have the following exhibit for the full year. It is seen that
on a capitalization of $21,411,000 the mills have paid out in
dividends $1,368,400 in the present year, or an average of 647
per cent, against $1,164,095, or 5-53 per cent, in 1901. In 1900
the average dividend was 8*85 per cent, in 1899 it was 5*99
per cent and in 1898 it reached 2 41 per cent.
1333
IMPORTS AND EXPORTS FOR NOVEMBER.
The Bureau
Washington has issued
of Statistics at
the country's foreign trade for
November, and from it and from previous statements
we have prepared the following interesting summaries.
the statement of
Fobeign trade Movement of the United states.
-
[In the following tables tbree ciphers (000s) are In all oases omitted.]
Dividends 1902. Divid ends 1901. Increase
years
1902
and
Capital.
1901.
P. C.
UK
Davol Mills
Kins Philip Mills
Merchants' Manuf'u Co..
Metacomet Manuf'g Co..
Parker Mill
Richard Borden Mfg. Co.
...
Mills
Slade Mills
Stafford Mills
Stevens Manufactur'g Co.
Troy Cot. & W. Mfg. Co..
Union Cotton Man'f 'g Co
Totals
6*
O. Amov/nt.
5
6
4*
5H
Decrease
$40,000 1 824.000
27,000
-4,600
18,000
27,225
+2,475
65,000
-6,000
80,000 +-16,000
46,000
9.600
26,00o
+2,000
26,000
-2,000
—7,260
40,600
75,000
+5,000
48,000
60,000 rioo.ooo
ls.500
+4,600
37,500
—3,750
82,000
1,000.000
400,000
«*
6
750,000
8
8
120,000
7
400,000
6H
8
400,000
8H
88,8">0
7
580,000
5*
8
80,000
JH
1.000,000
6
48,000
6
800.000
6
160,000
1,000,000 16
6
18,000
800,000
Hi
6
83,750
750,000
4
4
9',' 00
800.000
288.000 ..No dividend. ..No dividend.
«
22,000
24,000
bhi
400,000
4
SO.OOO
26,250
760,000
I*
64,000
800,000
8
64,000
6
39,000
600,000
6
36,000
4^.000
62,000
6
6*
800,000
1,170
78,000 ..No dividend.
1H
6
67,500
54,000
900,000
7H
6
30,000
600,000
6
30,000
22,000
1«
8,260
4
550,000
No dividend.
200,000 ..No dividend.
3
80,000
4
40,000
1,000,000
8
36,000
28,000
700,000 •8
6
25,000
500,000
6
30.000
61,000
300,000 22
66,000 17
e
72,000
78,000
1.200,000
6K
30.000
18,760
4
750,000
2*
19,250
4
22,000
550,000
3«
Cornell Mills
* 6
$64,000
22.6(0
18.000
V9.700
60.000
46.000
45.000
9.600
28,000
24,000
6
Bourne Mills
Chace Mills
Shove
8
5
$800,000
450,000
400,000
495,000
Barnaby Mauufact'g Co...
Barnard Manufact'g Co-.
Border City Manuf'g Co..
Sagamore Manuf'g Co
Amount. P.
647
$21,411,000
«1.3"8,400
+2.000
+3,750
-Hl',000
—1,170
+18,500
+13,760
+10,000
+7,00ci
+6,000
+16,000
—6,000
+11,250
+2,750
—the
-Companies.-
1899...
1898...
1897...
1896...
1895...
1894...
1893...
1892...
1891...
1890...
1889...
1888...
1887...
1886...
-Dividends.P. O.
Amount.
Capital.
$21,411,000
21,061,000
20,958,500
20,058,500
19,408,000
22,793,000
22,628,000
21,828,000
21,478,000
21,278.000
19,858,000
18,558,000
18,658,000
18,558,000
17,608,000
17,204,700
16,116,200
33
33
33
33
632
-1901.
.
import*.
8
Exports.
Excess.
$
Excess'
S
*
8
'431.716+103.748
324,026 +76.109
245,807 +59.159
87,419 +56.908
85.479 +39,564
.
Imports.
373.767
348,096
3*4,466'
145.669
136,456
875.047+337.485 1,328,434
209.896+164,061
223.745 +124,351
213.086+111,430
81,447 +64,212
92,666 +63,890
800,490+537,944
Gold and Gold In Ore.
..
November..
3.836
1,461
716
AprU-Jnne.
July-Sept.
October
+9,242
-2.168
-l.ooo
-9,857
-3.121
39.861
15,078
5.208
10,720
Jan.-March.
5,831
7.366
11.720
11.118
33.172
+484
+13.078
19,472 -16,282
9.128
8,641
7.284
20.868
3.190
4.066
16,292
9,138
7,433
-5.078
+8,860
-6.839
53,039
51.970
+1,069
+5.332
+4.976
+6,569
+1.583
+1,586
14,520
13.915
13.063
8,086
7.049
7.356
3,071
2.798
+6,484
+6.866
+5.697
+1,687
+1.893
+20.026
50,915
Silver and Silver In Ore.
11.762
10.776
13,052
Jan.-March.
Aprll-Jnne.
July-Sept...
6,420
5,800
6.488
2.800
2.199
4,333
3,765
October
November.
23,702
43,728
Total
+22.557
28,368
— Kxcess of Imports.
Excess of exports.
We
4,788
4.8S9
subjoin the
totals for
the eleven months
merchandise, gold and
since Jan. 1 for six years.
Meta-
:
1902..
1901..
1900..
1.212
Total
silver for
comet Mfg. Co., Robeson Mills and Slade Mills— have
declared no dividends. Of the remaining thirty-two mills
all but eight have paid out more than a year ago, and in
some cases the increase is quite important. To furnish a
more comprehensive comparison, we have compiled the
following, which embraces the years back to 1886
Number.
35
35
35
34
34
37
37
36
35
35
34
33
33
November..
6-68 $1,164,096 +204,305
indicates that three corporations
Tears.
304,968
144,327
1*5,013
July-Sept...
October.....
Total.
per cent on $350,000 and 2 per cent on $700,0,0.
The foregoing
-1902.
Exports.
Itiereli'dlse.
$
a.-March. 337,464
300,732
\pril-June.
6'47
5-53
8-85
$1,368,400
1,164,095
1,855,540
1,201,327
467,700
772,700
1,385,675
1,772,925
1,123,000
1,706,310
1,492,260
914,850
1,420,870
1,850,700
1,696,040
1,427,990
1,047,550
Merchandise.
Eleven
Uos. Bxporta. imports.
~i~
1902. 1,212,532
1901
1,328431 800.490
1900.
1,839,066
760.452
1899 1,162,200 728,284
1898. 1,117,696 579.826
18*7. 974.655 691.089
*
802
7-62
9-97
963
8-30
6-50
of
Ex-
Im-
$
ports.
~9~
$
337485 33.172
527944 53.039
571604 *3,724
423966 33,522
537870 1 4,975
283668 33,693
39.861
5
1.970
63362
SlLVKB.
Excess
Exof
Exports ports.
~~
Excess
Im-
of
ports.
Ex-
ports.
~i~
$
*6,689 43.12* J3.702 20.026
1,063 50.916 28 353 32.557
•9.688 58,863 36 982 41,881
45.715 •12.198 47,761 37818 19,948
149406 •134.430 47.969 35.922 42.047
31,440
3.268 52813 30.316 32497
Bxoess of Imports.
months
for six years
make
the following exhibit.
Mbbchandisb.
GOLD
Five
Hot. •Exports. Imports. Excess
Of
$
Im-
Ex-
Exports
~$™
7-52
493
Excess
Exports ports.
Similar totals for the five
599
2-41
3-39
6-12
8-12
5-25
$
875,04'?
GOLD.
$
1
1902. 574.336 418.705 155631 12.896
L901- 606,681 367,049 23953* 23,648
1906. 620.U22 321.034 298988 23.284
1899 559,182 339.7-9 219898 5.968
1898. 496.164 253.686 242539 8.749
1897. 484,887 238,283 24600* S.eoe
*
Excess
of
ports. Exports
ports.
$
SILVJSK.
26,674
36,042
46,738
22.826
56.810
35,212
~i~
Ex-
Im-
ports.
ports.
$
•13.778 21.200
•13,494 22,480
•33.462 '48,493
•16,358 30,641
•48.081 33,371
•16,810 34.669
Excssi
of Exports.
$
11.482
13
228
$
9,718
9.257
18,188 10.360
13,382 7.259
13 COB 10.842
15,269 9.890
Bxoess of imports.
As showing
the relation this year's dividends in the case of
mills bear to those for a series of years, we have
individual
prepared the following, which embraces eighteen of the
leading corporations. The intention is to compare this year's
ratio
with the average rate per cent for the previous nine
years.
Average
9 years
1902, 1901. 1900. 1899. 1898. 1897. 1896. 1895. 1894. 1893. '93-'01.
Amer. Linen Co.... 8
Barnaby Mfg. Co.. 4\i
Border C'yMfg.Co. 6
6
Chace Mills
Granite Mills
8
King Philip Mills. 16
Laurel Lake Mills. 6
Mechanics' Mills...
Merchants' Mfg.Co
Narragansett Mills
Osborn Mills
R. Borden Mfg. Co.
Sagamore Mfg. Co.
Stafford Mills
4H
Mfg.
4H
1
1
3
6
1«
....
8
6
4
6
6
....
7«
8
8
6
6
6
6
6
4%
5
4
Hi
4
7
17K
7
3H
6*
6
1
2
7tf
8
14
9
4 3-9
2 2-3
7 8-9
5 4-9
6
6
7
6
Q\i
Hi
6
....
....
5}4
6
5«
m
5
....
7
6«
3
7H
....
3
2
5
4
6
7
9
6^
7
6
5
4\i
4 7-9
4 6-9
7K
5 5-9
7
7
7
8
3
5
7
6 6-9
5 2-3
1
5
25
3«
6%
6
8
8
7
6*<j
6
4
6
1
8
5
4
3«
8«
5
6
6>i
6
9
9
1\i
hVi
3
8
4
7
....
7«
SH
5*6
7J£
4
2H
....
6
6
6
6
Co... 6
Wampanoag Mills.
6«
4%
6H
4
Tecumseh Mills... 6
TroyC.&W.Mfg.Co22
TJn. Cot.
6
1
....
3
14
4
5
5
....
1\i
27
18
17
11
«]4 25
8« 6
6
1
2* 7
4
m
25
28
6H
9
11
3
7
8
16
17
9
6
10
6
7
10
12
7H
20
12
7
6
7 5 9
7 7-9
5 3-9
19 7-9
10 1-3
51-8
be observed that in a majority of cases the average
is above the average for the
previous nine years; the gains, however, as a rule, are not
important.
It will
rate of distribution this year
In these tables of totals, gold and silver in ore for
years are given under the heads respectively of
gold and silver.
all
The
following shows the merchandise balance for
each year back to 1876.
BXOESS OF MERCHANDISE IMPOSTS OB EXPOBT8.
11 months ending Nov. 30—
5 months ending Nov. 30—
875
Exports. $2,920,595
876
Exports. 72,837,042
877
Exports. 62,208,577
878
Exports.113,848,838
879
Exports.115,243,376
880
Exports.110,198,223
881
Exports. 45,615,673
882
Exports. 21,109,792
883
Exports. 40,434,414
884
Exports. 60,175,571
885
Exports. 23,005,236
886
Exports. 21,814,348
887
Exports. 12,454,370
888
Exports. 2,754,283
889
Exports. 50,286,712
890
Exports. 15,176,764
891
Exports.104,962,401
892
Exports. 27,644,831
893
Exports.125,618,387
894
Exports. 57,561,820
895
Imports. 2,402,246
Exports.191,095,979
896
897
Exports.246,603,919
898
Exports.242,589,604
Exports.219,392.617
899
900
...Exports.298.9g8, 644
901
Exports.239,532,164
902
Exports.155,630,526
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
Imports.$18,874,617
Exports. 122,900,825
Exports 100.104,990
Exports. 269, 5 14. ft39
Exports.230,279,987
Exports.141,361,717
Exports.143,615,639
Imports. 18.327,288
Exports. 86,517,433
Exports. 70,931,406
Exports 78,318,929
Exports. 20,835,610
Imports. 14,635,767
Imports. 58,821,017
Exports. 19,581,456
Imports. 3,544,599
Exports. 91,700,830
Exports. 75,070,203
Exports. 65,172,031
Exports.126,047,892
Imports. 7,137,281
Exports.266,052,419
Exports.288.56'>.818
Exports.537,870,363
Exports.423,966,371
Exports.671. 603,735
ExpOrts.527,943,682
Exports.337,481,547
'
THE CKaONICLF.
1334
[Vol.
LXXV.
Exchange upon London has decidedly risen it seems
unlikely that gold will be withdrawn from the Bank
of England for Paris. Therefore, the probability appears to
be now that there will be no change in the Bank rate during
Paris
now very
IFrom our own correspondent.!
London, Saturday, December
The quotation
6, 1902.
for consols continues exceedingly low,
and
the remainder of the year.
Still,
money
will be in strong
demand, and probably the 4-per-cent rate
will prove effective
evident that the boll speculation is still very large in until the new year sets in. Indeed, it is by no means unspite of the heavy Felling that has been going on for so many likely that it may remain effective for the greater part of
the following three months, as there is much to suggest that
months. At the monthly settlement early this week the money
will be scarce here until gold-mining upon the old
Contango rate for consols was over 5 per cent, the interest on scale is resumed in the Transvaal. For one thing, the comconsols themselves being only 2\ per cent, which in a few ing French loan may not improbably lead to large withmonths' time will be reduced to 2% per cent. Those who drawals of French money from London; and for another
thing, it is anticipated tnat there will be a considerable
are eo resolutely holding consols in spite of the high Contan- Spanish
loan brought out in London shcrfcly after the French
goes are almost all British; foreigners, practically speaking, loan is placed. In any event, during the next four weeks
have sold nearly all that they held. The British holders are money is sure to be in strong demand.
The India Council continues to sell its drafts well. It
convinced that there will be a marked rise early in the new
offered for tender on Wednesday 60 lacs, and the applications
year.
exceeded 2,255 lacs at prices ranging from Is. 4d. to Is.
In addition to the forced bear sales of consols which have 4 l-82d. per rupee. Applicants at Is. 4 l-32d per rupee were
been going on for so long, there has been a very considerable allotted about 11 per ceut of the amounts applied for. Later
exchange of investment from consols into the securities of in the day the Council sold a little over two lacs by private
contract at Is. 4 l-16d. per rupee.
the Crown colonies of the British Empire. An authority
The following return shows the position of the Bank of
who deals very largely with the Continent in this kind of •ngland. the Bank rate of discount, the price of oonsols. &C.
oompared with the last three years
business assures the present writer that the change of securi
W02
IO00.
901
1899
ties going on in this way is infinitely larger than the general
Dec. 3
Dec. 4
T)tc. 6.
Dec. 6.
*
Jt
M
public supposes, and to a considerable extent accounts for
29,01185'
irouIatlon_
Z9.4-7.870
29 453,376
28.645.600
11.098,810
5.WI3.664
Coblio deposits ...
9,18»668
6.362 091
the fall in oonsols and the rise in the securities of Hher depoilti
39*71,670
40 00,739
40.868.165
86,217,743
17.51Z.834
17.625. CSS
tovernment securities,
18.1 6 U60
18.060 880
the Crown colonies. The reason he assigns for the change of Ither securities...
29,31«,80p>
87.833. «66
26 9)8,634
29 486.9W9
21,3x2.675
28,645.746
19624760 18,951.694
investment is that it is made almost entirely by Continental ieserve of note* ana oolc
az.il» 6X6
Join A bullion. both departni'ts
hS.348.Utl
81.203.125
30,797.194
»rop. reserve to liabilities., o. o.
47 16-16
41 9-16
44 S-16
4*k
investors and particularly by French investors; that the in6*
4
lank rate
per oent.
4
4
92 9- 6t
97 6-1*" +
5on»ol»,
i»2k
91k
come tax, which is Is. 3d. in the £, amounts, ronghly, to 6 per tttver. 3k per oent
13- 16Q
21 13-ied
29
27 3-16d.
K6HU.
.247.9^4,000 219 267.000 33 1,406, J JO 821,264,000
learlnB-Ilousp returns
cent upon consols but that income tax is not charged on in• November 30.
Ex dividend.
t
vestments in the securities of the Crown colonies, and that
The rates for money have been as follows:
to escape the income tax French investors in very large
Interest alloseiS
numbers, and for very large amounts, are selling their consols
oven Market Hatei.
o
for deposits b»
and buying the3e securities. That may go on for a while, .oti<ton
trade Bint
Joint Cil'tK'i.
Bank Bill*.
but it cannot last very long, firstly, because the Crown
Stock At i "
a
6 Mnntht. 3 Mot. 4 Mot. Bunks 0*11 Dave
3 Mont tit.
4 Montnt
colonies securities will rise, and, secondly, because the sink2k 2k 2H
3E-18
8« Sfc@4
ing fond will come into operation once more in a few months' Nov. 8 i 8M®3 5-16 8'«@S 15-16
8 5-16
8 6-18
354@4
3 5-16
»k 2* *H
14 4
time, while as soon as the Transvaal loan is raised there will
4
2k 2M
4
3 11-16@3% 3 ll-16@8?4
21 4
2* 8k 2«
4
3 13-16@b% 3 13-16@3% 3K@ 13-16
4k
*K
be a considerable redemption of debt.
4k
6 4
4@4M
2k »k
9%
In the American department there has been very little Dec.
The Bank rate of discount and open market rates at the
business doing during the week, operators being discouraged
ihief Continental oities have been as follows:
by the weakness in New York and the fear of dearer money
there, while the general public is holding aloof from that as
November 14.
November 21.
November 28
December 5.
Ratetot
well, indeed, as from other markets.
Interest at
Bank Open Bank Open Bank Open Bank Open
Outside of consols and American securities there is very lit
Rate. Market Rate. Market Rate. Afarkei Bate. Market
tie to note.
There is a more hopeful feeling respecting BritS
8
8
3
3
3
3
2«
8
ish railway stocks, and also respecting South African gold
4
4
4
4
3k
3k
8k
3
4
4
4
4
Sk
Sk
Sk
shares, but still there is exceedingly little doing.
Upon the
3
4
4
4
4
Sk
*k
*k
Continent theie has been a somewhat better feeling in Paris
s%
8
8
3
3
*k
2k
8
3
3
8
2k
during the week. Still, anxiety continues, and, as mentioned
2k
2k
•'«
8
SH
3k
3k
8k
3k
3k
above in reference to the securities of the Crown colonies,
nom.
nom
nom.
noa.
4k
4k
U, Petersburg..
4k
«k
there is a strong disposition to send money abroad for invest
4
4
4
4
4
4
4
4
Madrid
4
4
4
4
4
4
4
4
ment. In France itself practically nothing is doing. Yet Copenhagen. ..
there has been a marked recovery in French rentes this
Messrs. Pixley & Abell write as follows under date o^
week, which is interpreted in the leading financial circles in December 4
gold has Bteadlly
Gold-With firmer Paris exchange the prioe
Paris to mean that preparations are already being made for deollned, but there has been enou<h demand to of
absorb all arrivals.
the forthcoming large French loan. It will be recollected The Bank has lost during the wees * -112,00 of whloh £462.000 has
gone to Egypt and the balanoe to Sontb Amerloa £96,000 bas been
that the loan was postponed from the autumn because of the received from Bouth Afrloa. Arrivals: Cape Town, £459.000;
Zealand, £2,000. Total,
unsatisfactory state of the money market all over Europe Australia, £26,0OJ; Straits, £2,000; New Colombo, £:J,2a0; Madras;
£189,000. Shipments: Bombay, £23,500;
£36,7f0.
and America. Now, it is expected that it will be bronght £<>.000. Total.
Silver— The mark-t has lluotuated sharply during the past week.
out in Paris in February, or at the latest in March. The On Saturday the 29th alt., the price advanoed to 2U6 16 d. for spot and
2U3 l6 d. for two months, and on Monday to 223ed for both cash and
price is not known, neither is the amount, but in the best
forward. On this day the volume of business was very large, sellers
informed circles it is estimated that the amount will not be meeting the market freely, but on Tuesday tho prloe declined on
continued selling to 22kd. and yesterday to 2lis 16 d. To day there
less than 80 millions sterling, and that possibly it may reach
has been a recovery to 2l"78 d and the market oloses firm, with business done at i]«d. over the fixed price. The Indian rate ts Rs. 55 per
40 millions sterling, or a milliard of francs.
100 Tolahs. Large speculative sales and purchases have been a
In Spain the Sagasta Ministry has broken down again feature of the week. Arrivals: New York, £212,000; Australia,
Total,
Nobody expected that it would last long, but it has fallen £11.000; Vera Cruz, £7=>.000; Central Amerioa. £2,000. Straits,
£30<>.O0o. Shipments: Bombay, £97,200; Colombo; £2,500;
even, sooner than its worst enemies anticipated. The ex- £1 £0.000. Total. £219,700.
Mexican Dollars Fairly large transactions have been done in these
pectation now is that a Conservative administration will be ooin at from i> 1( ,d. to »4d. under the price of silver. About £48,000
formed under Senor Silvela. Iu Germany there has been has arrived from Vera Cruz and New York, and £140,700 has been
it is-
:
1
•
is
;
*>
••
m
m
k
:
',
;
,
note during the week, but there is somewhat more
inclination to buy securities, and generally there are signs
that the period of recuperation after the crisis has set in.
The directors of the Bank of England made no ohange in
their rate of discount this week. Indeed, it was not expected that they would do so, for although there is still some
demand for gold in the open market for Paris, and although
the shipments of gold to Argentina and Uruguay are large,
everybody recognizes that the shipments to the River Plate
will go on whatever the Bank rate may be; while as the
little to
shipped to the Straits.
Che quotations for bullion are reported as follows:
GOLD.
Dec.
'jondon Standard.
4
«.
d.
02. 77 9%
sar gold, line
J. S. gold coln...oz. 76 4*4
Jerm'n gold ooin. oz. 76
French gold ooln.oz. 76
'•panese yen
—
oz.
76
4V
4V
4V
Nov.
27
«
SILVBB.
Dee.
Nov.
London Standard.
4.
27.
d.
d.
2Uii<>
21"i0
d.
Bar silver, fine. oa.
Do 2 mo. delivery
76 ft»a
76 5k" Bar silver, contaln'g
76 SV! do 5 grB.gold.oz.
76 5V
do 4 grs.gold.oi
do 3grs.gold.ot
77
10k
. .
21 9
21?8
2«3e 2'i-*16
223 16 22
22
»»»!«
'Nominal.
Mexican
dollars. oz. »18„
21 ,3 1*
23%
'><>
78
..
December
:
THE CHRONICLE.
20, 1902.]
The following shows the imports of oereal produce into the
United Kingdom during the thirteen weeks of the seasor
compared with previous seasons
IMPORTS
The following table shows the exports and imports of
«peoie at the port of N'ew York for the week ending Dec. 13
and since Jan. 1, 1902, and for the corresponding periods in
901 and 1900.
1900.
1902.
1901.
1899
imp'tsof Wheat.CWt 23,f87.134 17.024.900 20,333,500 16,549.500
7,166,900
8,654.000
5,235,700
11.571.732
Barley
5,155,600
6 430,100
5,006,600
4,818,381
Oats
743,530
4"<6.810
521,800
98">.4O0
Peas
582.440
486,500
680,593
6S5.°>00
Beans
12,927,600 15,904,800
8.824,543 10,315.600
Indian oorn
5.899,600
5,618,300
6,025,700
5,173.815
Floor
Supplies available for consumption (exoluslve of stooks ot
September
1335
XPOBTS 4WD IMPORTS OP MPHOI*
Week.
Vest Indies
1899.
16.549,500
5,618,300
9,032,713
32,987,435
31,200,513
31,192,912
35,278,704
Total
Aver. price wheat, week. 25s
01.
price, season. 25s. lid.
27s.
26s.
27e.
28s.
Id.
2d.
Id.
25s.
26s.
Tkifoeek.
KuiilUfe
1901.
2,265.000
285,000
605.000
Last ween.
1,930,000
315,000
505,000
qrs... 1.865.000
Floor, eqoal to qrs... 345,000
Kalse
arc... 4i5,OO0
Tuei.
Wea.
d.
Silver, per oonoe
Consols., new, 2\ p. ots.
223 18
92*4
22 14
9* 9 16
221*
921*
221*
92i*
925s
Fr'ohrentes(lnParl8)fT. 99-70
Spanish 4s
419
Anaconda Mining
8278
Atoli. Top. <b Santa Fe..
Preferred
....... 100 >«
Baltimore
&
99-60
! J
other countries
&
Den.
Do
common
Srie,
32
64
1st preferred. .......
44lfl
2d preferred
......
144*9
Illinois Central .....
l/oolsviiie
& Nashville..
124
1001*
971*
100%
964
)29«8
129%
46H
23%
46
i30*e
47 »8
174
3714
90 14
174
38
31%
323s
63
64
64
441*
1431*
123
441*
1441*
1231*
21 •*
45
145
125
24%
54%
15%
25
55
143
122
224
221*
21%
23%
24
54
541*
151*
154
Preferred
54»a
National RR, of Mex... 15%
33**
Preferred
m. Y. Oent'14 Hudson.. 155v»
K. T. Ontario & West's 28 14
70%
Norfolk & Western
34
j
Do
do
Pennsylvania
pref.
1631*
27%
33
154
28
701*
95i4
7714
281*
78vg
2iH
4 Read
•Phila. 4 Read., 1st pref. 48V4
701*
43U
95
*PMla.
43%
37%
60%
& Read., 2d pref.
Soothera Paolflo
Bouth'n Railway, com.
37 **
37
606s
306s
584
Preferred..............
Union Pacific
93 1*
•Phila.
98
95
441*
5s
93
78
29i*
154%
27 7
8
70%
93%
78%
30%
43»8
38%
61 78
30 7e
93
80
93
973g
99%
93 H
31
9w%
98%
24%
38%
91%
33%
64%
Buffalo
15%
131%
94
78%
30%
44%
38%
643s
31%
94
100%
Phila. Bait.
)
Banks.
America
Bank of
Bank of New York, N.
do
do
(extra)
Fourth National
Importers' & Traders' National
Mechanics' National
Mechanics' & Traders'
Mercantile National..^.,
Merchants' National
National Bank of Commerce
National Bauk of North America..
National Broadway
National Park
North Side (Brooklyn)
People's
Seaboard National
Twenty-sixth Ward (Brooklyn)
Union (Brooklyn)
353a
821*
Wabash
Do preferred. ......
26>s
25%
40%
26
41
74»«
741*
74i«
26
41
Deb. "B"
Price per share.
Do
*
41
74%
40 7e
75
86%
28
42%
Dry Goods...
;ien'l
Total.
Since Jan.
$2,000,722
7.567,491
3ia
5
6
6
3
3
3H,
5
3
3
3i«
3
Real Estate
Standard
Title Guar. & Trust (quar.)
Trust Co. of America
Washington (qnar.)
miscellaneous.
Ala. Steel
do
911,682,781
59,568,213
910,373,693
$102,827,015 J109.161.540
427,439,417 432,435,575 401,532,922
American
American
American
American
American
$2,098,193
911,461,020
mer'dlse
S2.216.680
9,466,101
*99,175,156
895,688,034
8,275500
&
Shipbuilding, pref
Sen' mer'dlse
1
,
IS121, 230,680
l
The imports of dry goods
for one week later will be found
our report of the dry goods trade.
The following Is a statement of the exports (exoluslve of
from the port of New York to foreign ports for the
week ending Dec. 15, and from January 1 to date.
EXPORTS FROM HBW YORK FOB THB WEBB
for the week..
Prev. reported
1901.
$9,965,393
459,334,044
911,330.534
478,217,665
1900.
31 Deo 24
2 Dec 21
31 Dec 25
21
23
to
to
to
to
to
to
to
to
to
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Deo
Jan
Jan
31
Dec 21
Dec 21
Deo 25
to
to
to
Jan
Jan
Jan
Deo
Jan
Jan
Jan
Deo
Jan
Deo
Jan
Jan
Jan
Jan
Dec
Deo
Deo
25
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Jan 1
Jan 21
Jan 21
Jan 20
Jan
Jan
Jan
Jan
Jan
Jan
Jan
15
15
25
IS Jan
1
Deo
Deo
2 Deo
14 Jan
1 Deo
IS Jan
a Dec
15, Deo
21
21
21
to
to
to
to
to
to
to
to
to
Jan
Jan
Dec
Jan
Jan
Deo
Jan
Jan
Jan
15
2
31
to
to
to
to
Jan 1
Jan 1
Jan 10
Jan 10
l'«
Screw
Proctor
&
Shipbuilding, pref. (quar.)..
Smelt. & Refg., pref. (qrfc).Telep. & Teleg. (qnar.)
wamble,
(quar.)...
pref. (quar.)
Securities Co
Standard Coupler, com....
do
do
pref
Union Switch & Signal, com. (qnar.)...
$11,155,473 $12,430,884
506,699.014 433,602,784
y
Jan
Dec
1 34 Jan
1»4 Jan
lVj Jan
3 Jan
4
2
Jan
Jan
3
Jan
1 34 Jan
3 Jan
1 4
l>a Jan
$5 Jan
li* Jan
lia Jan
Jan
3
2V, Jan
3Vj Jan
Jan
2
3 Jan
lVj Jan
Jan
2
2>a Jan
Deo
1
Deo
4
1
Jan
Jan
2
lVj Jan
Deo
8
Jan
3
Jan
1
2V, Jan
8Vj Jan
2Vj Jan
2
Otis Elevator, pref. (quar.)
1899
Total 50 weeks $469,299,437 9489.548.199 $517,754,487 $445 963 668
Note.— As the a 1? ares of exports as reported oy the Mew York
Custom House from week to week frequently show divergence from
the monthly totals, also compiled by the Custom House, we shall fron
time to time adjost the totals by adding to or deducting from tb*
amoont "previously reported.
Dec
Jan
Deo
Jan
Jan
Jan
Dec
Deo
Jan
Jan
Jan
Jan
3
3
General Chemical, pref. (qnar.)
Hall Signal, oom. (quar.)
Knickerbocker [ce, Chicago, pref
Mexican Telegraph (quar.)
New England Cotton Yarn, pref
New York Air Brake (quar.)
Old Dominion Steamship
•peole)
1908.
2
19
13
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Deo
Jan
Jan
Jan
Jan
Jan
1
guar.
do (extra)
Locomotive, pref. (quar.)
Cumberland Telep. & Teleg.
Empire Steel <fc Iron, pref
Exploration Co
Total 50 weeks *548,670,097 $535,262,590 $510,694,462 *494,863.190
in
,
do
do
(extra)
Bell Telephone, Phila. (qnar.)
Central* S. A. Telegraph (quar.)
Century Realty
Corn Products, pref. (quar.)
1.
Dry Goods..
20
15
20
28
13
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
2
Morton (qnar )
North American
1899.
$2,799,138
8,661,832
Dec
Jan
Dec
Deo
Dec
Deo
Dec
Dec 20
Deo 19
Dec 20
a Dec 25
a Dec 25
2 Dec 19
2 Dec 20
2 Dec 20
2 Dec 19
2 Dec 24
2 Dec 21
2 Dec 20
2 Deo 20
2 Deo 21
2 Dec 19
2 Deo 22
2 Dec 21
2 Dec 27
2 Dec 19
2 Dec 21
2 Dec 21
2
lia
American Cement
1900.
1 Holders of reo.
Jan 16 Dec 25
to
1
Holders of reo.
Jan
Deo 28 Dec 19
to
1
Jan
Holders of reo.
20 Holders of reo.
Jan
1 Holders of rec.
Jan
Jan
Jan
Jan
20 Jan
Jan
5
3V, Jan
5
Jan
10
Jan
Jan
4
4
Jan
4 Jan
3H Jan
4 Jan
Jan
4
6 Jan
7V; Jan
Jan
3
Jan
5
Jan
3
Jan
3
2ia Jan
Knickerbocker
Mercantile (quar.),
do
(ext'a)
Imposts and Exports fob the Week.— The following art
the imports at New York for the week ending for dry goods
Dec. 11 and for the week ending for general merchandise
Dec. 12 ; also totals since beginning first week January.
TOREIGH IMPOSTS.
1901.
14
lh Jan
Continental (quar.)
Flatbush, Brooklyn
Franklin, Brooklyn (quar.)
I
1902.
1
1
2
2
1
1
1
1
1
1
1
1
1
1
2
2
1
1
31
11
1
1
1
1
Trust Companies.
76
Commercial ami iHisccUaixeoiislJcws
For week.
Jan
Jan
6
4
Hanover National
944
83%
Books Closed.
(Days Inclusive.)
9
A
)
95
101
94
B.
Chatham National (quar.)
Fifth Avenue (quar
44%
39%
65%
32%
34%
85%
26%
A New. Tr.,pf.
.
315a
32%
83%
L.
,
156%
29%
72%
94%
79%
93
of (Georgia
Metropolitan ( N Y.) St. Ry. (quar.)...
1 34
1»4
Rochester (N. Y ) Ry., pref. (quar.)
14
St. Charles St. Ry ( New Orleans)
s
3
Union Pass. Ry Philadelphia
$4 75
United Power <fe Trans., Philadelphia. $1
West. Phila. Pass. Ry
$5
15%
328s
83i*
$1,229,627
3.616.438
4.509,«81
Jan 2
Jan 1
to
1 Holders ot reo. Dec 23
Jan
Jan
1
1 Holders of rec. Dec 23
2
Jan
1 Dec 16
to
Jan 14
2
Deo 31 Holders of reo. Deo 15*
1
Jan 10 Jan 1
Jan 11
to
2
Dee 31 Holders of rec. Dec 16
2
Dec 30 Holders of rec. Dec 23
2ia Jan
5 Deo 17
24
to
Jan 6
& Wilmington
Co!umbu8(0. Buckeye
23
26
3Hs
'
2
Street Railways.
34%
65%
46%
146%
When
1 14 Jan
lh
& Washington
& Erie
Southwestern
93
98
1
Philadelphia
39%
32 78
24
2H>
8tk. Yds., lndlanap., com.
do
do oom. (extra)
Susquehanna, com. (quar.)..
N. Y. New Haven & Hartlord (quar.).
Norfolk & Southern (quar.)
25%
D. 8. Steel Corp., com..
Do
do
pref..
Per
Oent Payable
&
Hoosac Tunnel
48
34
28%
71%
<fe
Granite
do (extra)
56
84
155
RR.
do
126%
22%
$46,804
12,604
58.401
50,»46.71fl
Railroads (Steam).
Belt
I0o5a
95**
99
93
Preferred
28<»
J'ium 0/ Company.
177%
175
34
982
99 20
1001*
24lfl
Merloan Central
Mo. Kan. & Tex., com..
9*%
99 2 1%
"•iag
90%
659,619
466,519
19,720
DIVIDENDS,
*4%
101%
23%
79 068
44.780
7,212
fr.
92Bg
23%
St.
'"ib'ii
1664,530 433,012 160
645.772 46,524,714
Total Itfox
223s
9213 16
9216,8
172»«
37*4
90*4
30^9
Paol... 174i«
Rio Or.,oom.... 37%
do Preferred. ao**
Mil.*
Ohle.
Tkuri
4Ss
45 »s
1,694
407,8o6
83%
128H
46
24 H
Ohio
Chloa. Great Western..
93,007
1,900
184,234
52,661
12,900
740,000
'iss
97 Bs
95
SineeJan.l.
Week.
1651,630 $31,729,297
629 550
1900.
834
43s
SineeJan.l.
Week.
1,815.001
285.00"
82%
95%
Ohio
&
x.98'50 99-'J7i*
"4U
803e
fc9%
9ts%
Preferred..... ......... 95V4
l'.9s
Canadian Paolflo
Chesapeake
92H 16
92%
92%
For account
10,597312
Importti.
Silver.
rots' 1000
Mon
$6,924,718
4.732.288
$40,197
20,806
28 717
$1,022,404 928.748.784
2,020 440 51,149,747
7,400 47,518,904
Kxport*.
FlnaucUU AtrKcis- JP*r C'sDU.
out
74 620
1,096,484
172,183
103,046
Total 1902
Total 1901
Total 1900
8
33
$2,416,214
1,208.850
447,748
508,924
$1,826
33,406
4 965
3,393294
1,008,000
Since J an. 1.
Week.
$184,625
18,774,514
4,921,099
1,317,43c
54,776
»
The daily dosing quotations for securities, etc, at Londor
are reported by oable an follows for the week ending Dec. 19:
LOWDOH.
importt.
Since Jan. 1.
914,404
.
touch America
11 other oonntrles.
3d
4verage
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
Wheat
WBW YORK.
Bold
1):
1900.
1901.
1902.
Wheat Imported, owl. 23, 587.134 17,024.900 20,333 600
6,025.700
5,899 600
5,173.815
Imports of flour
6,754,335
8,142,312
Sales of home-grown. 6,517,756
4T
Mxporte.
do
do
pref. (quar.)...
United Frnlt (quar.)
United States Mortgage & Trust
Wells, Fargo <fc Co
do
do (extra)
Westlnghouse Air Brake (qnar.)
do
do
(extra)
Westlnghouse Machine (guar )
* Transfer books not closed.]
I
I
1 Dec 21
2 Dec 27
Deo
Dec
31 Dec
2 Dec
3
31
1
2
1
21
21
2
31
16
6
16
16
24
7
a
10
2
2
2
1
27
25
11
11
3
25
6
25
1
1
18
1
31
28
21
1
19
3
21
27
loi Holders
18 Jan 1
31 Deo 21
31 Deo 21
10 Jan
10 Jan
Dec 31
Jan 15
Jan 6
7
4
11
1
1
14
31
15
1
15
of reo. Deo 31*
to
Jan 15
1
1
16 Holders ot reo.
31 Holders of reo.
15 Jan 1
to
15 Jan 1
to
Deo
Deo
Jan
Jan
31
2d
15
15
10
10 ...
10 Jan
to
Jan 10
—
A
.
.
THE CHRONICLE.
1336
New York Citj Clearing House Banks.— Statement of
condition for the week ending Dec. 13, based on average of
We omit two ciphers (00) in all cases.
daily results.
Re-
BANKS.
9
Bank Of N. T.
Co...
Merchants'
Mechanics'
A
Total
+
Specie.
Legali.
9
9
3,000,0
3,060,0
3,000.0
2,000.0
America
1.600,0
Phentx. .......... 1,000.0
city
36,000,0
800,0
600,0
Merohants' Ex..
ftallatln
1,000,0
800,0
Bntoh.dk DroT's'
700,0
Meoh. A Traders'
300.0
600,0
Leather M'f'r*..
Seventh Nation'l 2,479,2
Amerloan Exoh. 6,000,0
10,000,0
Oommeroe
Broadway
1,000,0
Mercantile
1,000,0
433.7
450.0
300,0
North Amerioa.. 3,000,0
8,000,0
Hanover
Irving ........... 1,000,0
1,650,0
OlUsens'
600.0
900,0
Market* Fnl ton
Leather. 1,000.0
Shoe
Corn Exchange.. 3,000,0
800,0
Imp' t'rs'* Trad. 1,600,0
3,000,0
260,0
8 000.0
1.000,0
Central
800,0
10 000,0
First
600,0
N.Y.Nat'lExoh.
260,0
Bowery
200,0
N. T. County....
760,0
German Amerl..
Chase
1,000,0
100,0
Fifth Avenue ...
Qorman Kxoh...
200,0
200.0
Sermanla
800.0
Gtarfleld
1,000,0
300,0
Fifth
Bank of Metrop. 1,000,0
300,0
600.C
Western
E.100,0
1st Nat.. B'klyn.
800.0
Liberty
1,000,0
Y. Prod. Kx.. 1, 000,0
N.
New Amsterdam
600,0
860,0
United States..
600.0
Manhattan
Loam.
Capital. Surplus
9
9
8,886,0 16.979.0 3,711.0
3,310,2 19,926,0 3,661.0
1,289,8 11,676,2 2,242.2
2,685,6 13.416,0 1.091,0
8,447,2 18,718,4 2,686,6
991.0
817,9
4,946,0
16,894, e 128,400,4 22.802.8
7,868.2 34,169,0 8,836.6
806,9
943,4
5.301,1
7,828.1
760,1
2.119,4
486.H
81,
1,649,6
681.0
387,1
8.780.0
1,280.1
147,8
311,0
4.600.F
561,8
942,6
168,6
6,406.3 1,206,6
8,546.8 29,798,0 8,319,0
7,969,4 70,161.2 9,338,7
1.9.18,8
6,970.2 1,218.2
1,517,7 13.746.1 2,048,7
664.8
309.8
8,026,0
1,041.4
5,696,9
667.6
255.1'
873,8
3,056.1
3,026,1 16.647,8 1,489.8
6,061,7 46,469,6 7,725.2
5.260.0
688.8
1,082.6
632.8
5,785,4 1,231,4
807,3
2,527,4
400,7
1,095,2
6.223,0
920,6
807,4
4,797.6 1,204.8
8 226,6 38,948,0 8.237.0
213,0
419,2
1,827.7
6.433,2 32.588,0 8.405,0
4,624.8 47.647,0 14,687,0
149,0
1,146,9
188,0
3,786,8 18,866.0 3,882,0
822,6
9,436.0 2,018,0
9,388.0 1,542.0
1,222.8
12,881.7 78,464,8 17,644.9
867,6
5.328.4
863.8
774.S
441,0
3,611.0
887,8
611,2
8.766,2
460.1
8.660,4
611,7
8,388,9 88.668.? 9.644,4
8,738.6 2,266.9
l.'i91,2
160.0
634,7
3.604,1
418,6
837,6
3,784.8
688,6
1,218.8 11,630.17,284,9 1,510,7
1.809,8
458,1
411.3
2,290.6
7,389,4 1.864.7
1,286,9
476,0
8.071,0
490.6
1,214,8 11.219.0 2.144,0
8,888,0 88.197.2 9,271,7
444,0
4,847.0
660,6
8.984,0 1,481,2
1,805,*
691,8
463.3
4,167,2
6,898,6 1,269.2
677,6
798,0
4,891,0
485,9
948,8
4.803,0
488,8
tr
16.495.0
22,880.0 268
18,057.4 263
13,181.0 230
30.590.2 260
4.878,0 262
110,914,0 252
22,911,0 23-1
6.610,6 26-6
5,741,6 26-6
1,869,0
3,107,0
1,203,3
1,343,0
3,781,2
290.0
5,454,0
2,166.1
648,6
772.8
48,2
818,0
167.9
168,0
247.6
1,926,0
4,467,8
162.8
1,110,3
416,2
778.7
459.1
1,298,2
6,922,6
629.2
444.7
284,0
740.4
265.1
3,458.0
453,0
1.249,0
8,705,0
203.
3,318.0
874,0
1,256,0
2,077,1
471.3
329,0
418,7
237,8
1,886.2
166.8
B89.4
728,6
1,978,7
846,4
162,8
602,2
816.0
1.369,0
8,047,7
607.0
825,0
280,7
697,1
202,0
86.2
2,093,1
4.008,0
1.132,2
4.823.1
6.766,0
22,602.0
65.880,1
5.897,3
12,948.9
8,810,8
6.489,6
2,784,4
12.077,8
62,764,0
4,253.0
0,512,8
2.980.7
6,521,7
6.882.6
37,180,0
1,940,0
19,453.0
69.088.0
1.382,2
20,669,7
11,576,0
10,360.0
89,406,9
5,361,5
8,090,0
4.845,6
8.689,7
44,866,0
9.589.1
8.316,2
4,697.6
12,667,7
7,292,6
3,400.5
8.263.7
8.214,0
18,^05,0
42.834,8
4,820,0
7.473,8
8,977,4
7,006,0
4,842,0
4.404,0
pltls.
t878,731,2
Columbia
Fourteenth Street
Sanaevoort
Hamilton
Mount Morris
Mutual
Nineteenth Ward.
Plaia
Riverside....
State
Twelfth Ward
Twenty-thlrdWd.
Yorkville
Washington
Fidelity
artek
Jeflerson
Century...
Wasfc'gtoiHelghta
United National...
*
Boro'h of Brooklyn.
Bedford
Broadway
Brooklyn
Eighth Ward
Fifth
Avenue
Manufacture* Nat'l
Mechanics
Merohants'
Nassau National.,
National City
North Side
Peoples
Seventeenth Ward
Sprague National
Twenty-sixth Wd.
150,0
100,0
800,0
100,0
100,0
363,0
600,0
100,0
800,0
800,0
100,0
100,0
100,0
300,0
100,0
300,0
100,0
860,6
113.9
14,6
182.0
149.0
14,2
68.8
180,1
66.7
1471,0
1669,0
1488.0
307.3
746.8
2890.6
4006.2
896,8
4094.0
2869.0
984,0
1228.3
582.6
1068,6
688.2
1358.1
800.8
70,1
97.2
568,7
738.4
187,2
201,2
165,4
17,7
82,7
498,6
861,9
86.9
646,2
592,2
156,6
144,1
76,8
368,0
69,8
14.9
18,1
87,0
6,8
88,8
%
199,0
128,0
448.116.772 468,660,680 441,851,491 443,P85,282
88,626.271 87,897,286 84,929,013 89.109.674
Gold reserve f und..
359,491,501 871.26S,3H4 356.421,878 354,575,588
160,000,000 150,000,000 160,000,000 150,000,000
28-8
24-5
288
248
189
26-2
26-1
22-6
25-8
26 3
35 7
22-9
26-4
259
2«-6
34-8
2tf 9
80-9
28-2
272
248
270
28-4
249
249
269
287
26 7
25-3
29 8
244
21-3
25-4
26-5
28'2
24-8
26-9
28-8
22'0
24-1
244
70.8
105,4
96,8
92.6
188,1
169,5
193.0
98.9
217,0
179.0
128.7
178,8
44.2
40,6
72.0
83.8
18,2
18,6
67,1
92,1
149,1
49,4
46.4
30,0
147.8
823.8
47,8
818,0
282,0
68,6
77,0
61,8
222.0
109,2
128.8
229.7
197.6
481,2
128,0
77,0
186,0
177,0
107,9
117.8
61,8
46,7
89.0
398,9
33.1
88.9
61.4
6,0
68,6
2010,6
3807,4
2.->
,0
206 7,4
8080.0
1040.6
850,0 6628.0
2007,0
8*i,*7
1605.6
1.8 1678.0
786,9
18.8
644,8
808,0
1441.3
211,9
867.1
1875.1
6,8
30,0
18,8
635.0
282,0
44.2
40.1
26."6
40
91,0
25,6
58.2
1561,8
1780.6
1442,3
895,1
698.1
8441.8
4288.2
861,9
4395.0
3096.0
891,4
1272.4
672.8
981,9
597.6
1286.4
762,5
118,7
7.7
11,5
42,8
88,1
28,5
85,6
24.8
70,4
194,1
78.1
75,0
25,1
88.3
43.4
15,0
10,0
96,8
101,8
14.7
630,2
688,8
400,0 1027,9 4796,6
290,8
84,1
80.6
1144.0
87,7
3160,8 106,2
1061,8
66.8
274,0
Hud. Co. Net., J.C. 360,0 626,8 2216.0
2d Nat., Jer. City. 350,0 807,8 1199,6
67,9
20,1
60,8
80,4
41.2
748,1
161.6
254,6
860.8
110.4
70,5
688.4
91,8
6967.3
1862,1
1180,7
1262.0
1879,2
1169,8
Union
Wallabout
Borough of
Richmond.
Bank of Staten Isl
lstNat.,StatenIsl
Other Cities.
1st Nat., Jer. City.
36,0
100,0
3d Nat., Jer. City.. 200,0 268,1
1st Nat.. Hoboken. 110,0 497,4
3d Nat.. Hoboken. 125,0 1846
9,9
6
80,0
4,9
144.7
41.8
10
31,2
11,4
2S.7
Totals Bee. 18.. 8012,0 9594,7 78621,11 3792,0 4828.2 7616,6 3107,0 83363,8
«.. 8612,0 9694 7 77881.7 8740,1 4784,8 8798.7 2R20.0|84893,4
Totals Deo.
Totals Nov. 39.. 8612,0 9498,8 77819.8 8681,9 4612,8 8015,2 3807,8 82631,8
i
^-Stock of
Money
Ztec.l.-.
-Money in Circulation.—.
1902.
rBeld in
In the United
Dec.
Ireasury.
3
I
Gold coin (lnc.bul'ninTrea8.)l,2l2,*8O,706 264.9e7.774
Dec.
1,
1902.
States.
547,127,022
99,511,076
•Cnrr'cy cert. Act J une
National bank notes
,
6,428,213
131.485
2,897,475
$
63i,4io.9?8
846.V62 024
78,700,912
4n8,S>4,f40
93,082,803
24.K22 515
313.758 541
881,854,514
Subsidiary silver
Treasury notes of 1890
United States notes
6,121.270
346,681,016
•Gold certificates
Standard silver dollars
Silver certificates
18,302,019
371,552,495
2ft,0f4,000
1,
lwOl.
I
638,011,740
2->2,8l-8.349
73.210,737
447,h62,192
84.17tt.421
40.012.P22
339.d41.085
361,383.074
8, '72
Total
2,045.558,394 292,848,236 2,352,710.153 2,250,266,230
1, 1902, estimated at 79,686,000; olrcn-
Population of the United States Dec.
atlon per capita, 129 62.
• For redemption of outstanding certificates an exact equivalent In amount
money is held in the Treasury, and is not included
in the acoount of money held as assets of the Government.
t This statement of money held In the Treasury as assets of the Govern-
of tne appropriate kinds of
ment does not Include deposits of public money
in national
bank deposi-
Auction Sales. Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction,
By Messrs. Adrian H. Muller
Son:
17886
89,5
36,0
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 Nov. 1, 1902, will be
found in the Chronicle of Nov. 8, 1902, page 1012; for that
of Dec. 1, 1901, see Dec. 28, 1901, page 1341.
259
%
121,8
"Chiefly disbursing officers' balances."
taries to the credit of the Treasurer of
8141,668,418 67.
28,"2
90,6
196.0
106,6
47,4
80,6
601,7
187.4
209,491.501 221.238,894 206,421.878 204,676.588
Available cash balance.
*
24-6
28-0
23 4
150.0 3495.0
8,0 8262.0
2081,3
2U'2.0
Cash in Sub-Treasuries
national banks
Cash In banks 4sub-treas.
Deduct current liabilities.*..
252
t
•
180.0
264.067,694 286,1S!4,771 263.542,933 204,907,774
22.382.H30 18,06b,8«2
7,455,4 £V
7,040,978
78,550
94,21
47,722
181,485
5.589.242
3.750,930
3,041,934
2,897,475
14.725,813 14.810.8b9 1S,488.85V( 13,302,019
10,861,174
8,082,371
6.HO9.0U8
6,428.213
25-6
Lea. X. Deposit .with
a*t
Loan:
Invest- 3y«ei». &\B'k. Clear' a Other Deposits
Notes. Agent. Bks.<kc
ment!.
t
t
•
66.5
170,2 2191.6
268,7 3047.0 245.0
96,8
96.2 1780.4
32,4
49,6 1674.4
107,7 1910,8 112,0
94,6 3810,6 189,4
86,8
177,4 2478,4
83,6
175,8 1688.0
227.6 295*6.0 142,0
989,8
30,8
102,8
869,6 6866,0 484.0
43.0
74,7 1608,0
49,2
81,1 1274.7
46,1
261,6 1583.8
14,4
788,7
45.9
13,8
66^.8
108,6
4.5
774.0
60,8
11,6
82,0 1592,2
808,4
8.6
56,7
18,8
108,8
488.7
280,8 2245.6 358.7
Sept.l 1902 Oct. 1 1808 Nov. 1 1902 Dec.l 1902
Holdings in Sub-TreasurietMetgold coin and bullion
Net silver coin and bullion....
N et U . 8. Treasury notes. ......
Net legal-tender notes
Net national bank notes
Net fractional silver
317,784,608 824,718,4i3 2P4,46«,478 294,778,944
125,382,170 133,932,1H7 140,885.018 148,911.818
Borouih of
100,0
800,0
100.0
300,0
200,0
360,0
200,0
200,0
100,0
100,0
100,0
200,0
100,0
100,0
100.0
300,0
100,0
300,0
100,0
100,0
1000,0
TBEA8UBY NET HOLDINGS.
Amount In
HlW YOHK 0I7Y
lianhattan.
..•••
Colonial
1902.
21-1
20'9
—
tal.
November and December,
October,
281
Reports of Non-Member Banks. The following is the
statement of condition of the non-member banks for the
week ending Dec. 13, based on averages of the daily results
We omit two ciphers (00) in all cases.
Cavi-
currency holdings of the Treasury on the 1st of September,
PC
26-8
9
1022M.P 121P««*- 879,371.6 1583593 67,960,4
D&NKB.
Treasury Currency Holdings. —The following compilabased on official Government statements, indicates the
tion,
Devoiitt tern*
United States deposits Included 340,164,700
(<wi omitted.)
[Vol. L.XXV.
the United States, and amounting to
—
&
Stocks.
Stocks.
38 Mechanics' Nat. Bank.,
New York
63 Lawyers' Title Idb. Oo.
280%
18 People's Bank of N. Y...299ia
Bank
378V880ie
5 Hanover Nat. Bank
640
600 Atlan. Coast Lumber Co.l p.o.
3 Farmers' Loan & Tr. Co. 1500
2 North Amer. Trust Co...290B8
of America of N.Y.558ifl
Guaranty TruBt Co
741
N. Y. Prod. Exch. Bank. 175
Atlantio Dock Oo
34 Int'l Fire En*. Co., pref. 40
85
Brooklyn Jockey Club. .158
200 Bank of the Manhat. Oo.328 7s
Market & Fulton Nat.Bk 271
65 German-American Bk..l65
Peacook Copper Co
35 Merchants' Trust Co. 322-386
$10 lot
N. J. Steamboat Oo
Bonds.
36k
24 East River Nat. Bank... 168
$500 Knickerbocker Steam-
8
25
325
2
5
2
200
25
.
182i«
3 Central Nat. Bank
10 Tefft-Weller Co., pref.... 90J«
10Tefft-WellerCo.,oom.... 23
50 Nat. Bank of No. Amer..225
1 Jekyl Island Club
650
21 Trust Co. of Amer.297i«-300
20 Nat. City Bank
291
lanliitijg
&
mid
6s; cert, of dep. 37*a
^initnctal.
&
Co.,
....
PINE STREET,
29
BK. oonsol.
$1,000 Stelnway By. Co. 1st
6s, 1922, J.& J...116»4 andlnt
Trask
BANKERS,
Spei
ncer
27
48ifl
boat Co. 6s. 1911
$6,000 City of New York 4s,
J. & J., 1913; ex. Jan. lnt-ioe^
$3,000 B'klyn & Rook. Beach
NEW YOBK
Transact a general nankin* business; act as Fiscal
Agents for corporations, and negotiate securrr*
issues of railroads and other companies. Execute
commission orders and deal in
INVESTMENT SECURITIES.
Members N. Y. Stock Bxohange.
Branch
Moffat
&
Office,
66 State
St.,
Albanr
White,
Member* New York Stock Exchange,
1 NASSAU STREET. CORNER WALL.
Dealers In Investment Securities.
Telephone Stocks a 8»e*lalty.
Tel. 6820-6821 Cortlandt.
Tracy
No.
CHICAGO.
&
40 Wall
Co., Bankers,
street,
NEW
Connected by private
wire.
YORK..
MILWAUKEE.
Dealers In High Grade Bonds.
List of Current Investment oftrino* sent on Application.
8tock Bxchang
York Stock Exchange.
w«„k«— ) New
Member* J Cni oago s t00k Exchange
i
Cnalnltn
Executed
in all
Order*
Mark*'*
8
December
9
THB CHRONICA.
20, 1902. J
bankers'
Wabash
(Gazette.
|y For Dividends see page isjj.
WALL STKKKT. FRIDAY,
DEC.
19,
1337
1902.-5 P.
in
Tbp Money Market and Financial Situation.— The financial situation and outlook was greatly relieved on Monday
by the announcement that a pool had been formed composed
of leading bankers with $50,000,000 at its disposal to meet
any emergency that might arise in the money market. The
immediate effect was a sharp decline in call-loan rates and
a decidedly more hopeful feeling in Stock Exchange circles.
The markets responded quickly to this change of sentiment
and prices are recovering from the decline that had been in
progress for some time past.
This recovery has doubtless been stimulated somewhat by
news from Washington setting forth more clearly the at
titude our Government will maintain in the Venezuelan
matter. This attitude is of course what might have been
expected, but is quite different from that described in certain wild rumors that had a more or less disturbing influence
in Wall Street on Monday. The bank situation has been
further relieved this week by the return flow of currency
from the interior and by Sub-Treasury operations, so that
the probability of a stringent money market in the near
debentures. The latter were notably strong, and
Consolidated Tobacco 4s were exceptional in an advance of
about 3 points. Burlington & Quincy, Colorado Fuel &
Iron and Pennsylvania convertible 4s have been relatively
firm features.
United States Bonds.— Sales of Government bonds at
the Board are limited to $20,000 3s, coup., at 108. The following are closing quotations for yearly range see third
page following.
;
Interest
registered
2s, 1930
ooupon
2s, 1930
2s, 1930 .smaJ.reglstered
coupon
2s, 1930 .small
registered
3s, 1918
oonpon
1918
3s,
Ss, 1918, small. registered
ooupon
8s, 1918, smaU
48,
registered
1925
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Periods
13
IS
16
1?
18
19
Q—
Q— Jan
Jan •107*4 •107*4 •107*4 •107*4 •107*4 •107'4
•1084 •1084 •1084 •1084 •108 4 •1084
Q— Feb
Q— Feb
Q— Feb
Q— Feb
*i074 •1074 *i074 •i.074 *ib'74 *i074
•1074 -107 4 •107 4 •1074 108 *1074
•1064
•1084
•1094
Q— Feb •1364
•1364
•106 4 •1064 *i064 •1064 *i064
•1084 •1084 •1084
•109 Hi •1094 •1094
•1354 •136 H. •135
•136 ^ •1354 •136
•1084 •1084
•1094 *1094
•136
•185
•136
•135
•103*4 •103*4 •103*4 •103*4 •103*4 •103*4
•103*4 •103*4 •103*4 •103*4 * 103*4 *103»4
•Tula
is
the prioe bid at the morning board; no sal* was
made
Railroad and Miscellaneous Stocks.— The stock market
has been more active than for some time past and decidedly
future is reduced.
irregular. It opened weak on Monday and the active list of
The open market rates for call loans on the Stock Exchange railway shares declined an average of from 2 to 4 points.
during the week on stock and bond collaterals have ranged The relief measure noted above and a clearer international
from 4 to 10 per cent. To-day's rates on call were 5 to 6 outlojk which followed later in the week have created a
per cent. Prime commercial paper quoted at 6 per cent.
more cheerful sentiment, and Thursday's market was strong
The Bank of England weekly statement on Thursday from opening to the close of busmess. This tone continued
showed a decrease in bullion of £488,647, and the percent- to-day and the result is a general advance of from 4 to 7
age of reserve to liabilities was 44-09. against 44 53 last week, points and over from Monday's low quotations.
The
the discount rate remaining unchanged at 4 per cent.
While there has been practically no exceptions to the genBank of France shows an increase of 2,250,000 francs In gold eral trend of the market, the extreme maximum rise
and 1,575,000 francs in silver.
has been recorded by the anthracite coal stocks on an adNEW YORK CITY CLEARINO-nOCSE BANKS.
vance in the price of coal, and by Louisville & Nashville
and Southern Pacific on a steady demand for these issues.
Differences
1900
1902
1901
from
Rock Island and the local traction shares have also been
Dec. 14
Dec. 15
Dec. 13
-
previous teeek
$
Loans A
56 p.
o.
102,261.900
121.964.800
discounts 879,371.600
45,660,700
•873,731,200
168,869,300
67,960,400
of deposits
9
9
9
Ino
666,800
83,622,700
99.190,800
870,373.900
81,879,000
923,158,300
164,458,800
71,785,800
226,819,700 Deo
218,432,800 Deo
3,094,700
1,607,860
236,244,600
230,789,575
Deo 2,066.600
Ino
64,100
Deo 6.031,400
Deo 3,761,600
74,222,700
90,256,200
792,760,000
30,724,000
216,992,400
210,667,025
842,66-4,100
167,656,300
59,337,100
8.386.900 Deo 1,686,860
6,455,025
6,325,376
Surplus reserve
$40,164,700 United States deposits included, against $40,146,200 last
-week. With ties* United States deposits eliminated, the surplus reserve
would be $18,428,076 on Deo. 13 and $20,010,300 on Deo. 6.
If OTB.— Bevums ot separate banks appear on page 1336.
notably active.
Colorado Fuel & Iron sold down very near to the lowest
quotations of the year and recovered feebly. American
Sugar Refining covered a range of about 8 points and recorded a substantial net gain. The United States Steel
ssues showed good recuperative power. Otherwise, the
miscellaneous list is without special feature and relatively
and steady.
For daily volume of business see page 1346.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
dull
'
—
Foreign Exchange. The market for foreign exchange was
active this week with a declining tendency, caused by increased offerings of bankers' bills. The supply of commercial
bills was fair, especially of cotton bills.
To-day's (Friday's) nominal rates for sterling exchange
were 4 84@4 84^ for sixty -day and 4 87}^@4 88 for sight. Today's (Friday's) actual rates were 4 83@4 83^ for sixty davs,
4 8655.34 8665 for demand and 4 8730tg4 8735 for cables. Commercial on banks, 4 8265@4 8275, and documents for payment,
4 82Lg@4 83^. Cotton for payment, 482J^@4 82%; cotton for
acceptance, 4 S265@4 8275; grain for payment, 4
To-day's (Friday's) rates for Paris bankers' francs, long,
5 19%@5 18%, less 1-16; short, 5 16^ less 3-32@5 16% less
1-16.
Germany bankers' marks, long, 94%@94 11-16; short,
953^ less l-32(a95V£. Amsterdam bankers' guilders, long, 39%
less 1-16@39%; short, 40>£ less 1-16(340^.
Exchange at Paris on London to-day, 25 f. 15^ centimes;
week's range, 25 f.15^ centimes high, 25 f 14}^ centimes, low.
The week's range of exchange rates follows:
m%@W6%.
Sales
for
STOCKS
Week Ending Dec
19
Alll8-Chalmers Co
Preferred
Amer Agrlcul Chem, com
Am. Steel Foundries.....
Preferred
ButterlckCo
Distillers Seour. Corp...
General Chemical, com..
International Silver.pref
Maryland Coal preferred
N Y Dock,
New York
Bangs for Week
Range Sine* Jan. 1
Week
com
Harlem
<fe
Ontario Silver Mining...
Quicksilver Mining, com
U S Beduc & Refg, com.
18 Deol5
80Te Deol7
18*4 Deo 15
14 Dec 16
62 4Decl8
Preferred
Dec 1
204Deol6
14 Dec 16
634Decl6
51 Decl9
51 Dec 19
Dec 15 30 Dec 18
604Decl5 60 4Decl5
27
40*8Decl7
40*806017
Nov
824Nov
18 Deo
80«sDec
21
18*4 Deo
324J'iy
12
Deo
Dec
15
504Deo 70 Deo
41
Sep
63
J'ne
Dec 304Deo
604Dec 674May
35 Sep 65 May
72 Apr 110 Deo
12 Feb 28 Apr
27
Deol5 110 Dec 15
Dec 19 20 Dec 19
Decl6 410 Dec 16 405 Dec 410 Deo
54Dec] 9 4 Jan
5 4Decl7
5 4Decl7
110
20
410
24Decl6
24060 16
Dec 16
Dec 17
Dec 1
33 Dec 16
3078 Decl9
3.3
30
80
Vuloan Detinning
184Decl9
82
80*4 Dec
1
438Mar
2 Oct
Novl 44 5gMar
294No?i 33 4NOT
7840ct 81 Oot
25
'
—
There has been a decided improvement
market for outside securities this week. An exceedingly small volume of business was transac ed on Saturday,
but the tone was firm. On Monday prices declined ac the
Increased
opening, but rallied in subequent dealings.
strength developed on Tuesday and Wednesday, and values
-Short.
-Long.-Cables.generally showed further improvement in sympathy with
Sterling Actual—
the movement on the Stock Exchange. Prices on Thursday
®
4 8690 @
High... 4 8340
4 8760 ®
were steady bat did not share grearly in the buoyancy that
®
4 8655 ®
4 8730 ®
Low.... 4 83
prevailed on the Exchange. On Friday trading was on a
Paris Bankers' I'rancs—
5 164
®
High... 5 184* @
Transactions in Northern
small scale and prices firm.
5 164$
Low.... 5 19%
®
Securities were not so large as last week and the shares at
Germany Bankers' Marks
times showed decided irregularity. The stock opened on
94>ii8 ®
954 9
High...
Saturday at 109^ and on the same day sold off to 107,%; on
94 5e
954t ®
Low....
®
Monday.it tonched 1063^. the low figure of the week; subseAmsterdam Bankers' Guilders—
m
High...
39"ie ®
quently, however, on rumors that the dividend was to be
®
Low... .
39V @
increased, it developed considerable strength and on Friday
i
* Less »is of 1%.
t Less
32 of 1%. t Less * 3 2 of 1%.
reached 1103*2% declining late in the day to 109ig. Manhattan
The following were the rates of domestic exchange on Transit, which displayed much more activity than has been
New York at the under-mentioned cities to-day: Savannah, observed in this stock for some time, advanced from 3Jg to 5
buying y discount, selling par; Charleston, buying 1-16 dis- and closed at S 1 ^. Seaboard Air Line common advanced \%
z
count, selling 1-16 premium; New Orleans, bank, $1 pre- points, to 253^; the preferred shares evidenced decided
mium; commercial, 75c. discount; Chioago. 35c. premium; weakness on Monday, falling off 2J4 points from Saturday's
St. Louis. 60c. premium; San Francisco, sight, par; tele- prices.
Subsequently, however, it rallied to 42%. There
graphic, 2%c. premium.
was an urgent demand for Standard Oil on the last two
State and Railroad Bonds, Sales of State bonds at the days of the week, resulting in an advance of 20 points to
Board are limited to $35,000 Virginia 6s deferred trust 685. The copper group showed moderate animation. Greene
receipts at 11 to 12J£.
Consolidated was steady between 25 and 253*2. Tennessee
The transactions in railway bonds have been on a moder- Copper was irregular, moving between lG^ and 18% the
ate scale, averaging a little over $2,800,000, par value, per day, close was at 16Jg. Houston Oil on Tuesday sold at 12, a
and fluctuations have been generally over a narrow range. drop of 4:% points from the previous sale and on Thursday
Such activity as is noted was almost wholly in low-priced dropped 4 points more to 8. Good inquiry for Consolidated
issues, including Burlington & Quincy new 4s, Rock Island Refrigerating resulted in a gain of 1 point to 6^g.
Hacken4s, Consolidated Tobacco 4s, Green Bay & Western debensack Meadows advanced from Z% to 4%.
tures, Oregon Short Line, Union Pacific convertible 4s and
Outside quotations will be found on page 1346.
OntsMle Market
in the
.
,
I
|
I
|
I
I
I
I
I
I
|
|
v
—
;
—
%
i
New York
Exchange— Stock
Stock
Record, Daily,
V
8
6
Weekly and Yearly
OCCUPYING TWO PAGES
STOCES—HIOHEST AND LOWEST SALE PRICES
Monday
Saturday
Dee. 13
Tuesday
Die. 16
Dec. lo
"35
*37
40
•66% 68% *65
67
*38
42
94 % 95 %
*92
94
61 34 63
*117%124
*136
....
125%126%
*75
-165
80
170
44% 45
31% 31%
70% 70*4
79%
97%
77
92 34 94 a
92
92
59»4 62*4
*117% 123
*136
124 12534
*73
76
*160 170
43% 44 34
117% 123
117%124
136
29%
30»,
69*4
69% 269
69
23
91
84
22*4
*88
•79
33
91
85
34% 34%
33%
168 34 170 a4 166*4 169
'185 191
J189 189
212 212
*212 215
135
23
23 34
88 91
*79% 84
36
34
167 170 34
190%19l
69
220
130
23% 24
89
80
189
180
160
195
1534 16
16%
17
•30
191
13't
*47
47
50
30
"190
15%
30%
13%
30% 30%
,
47
50
150
160
195
•15% 16
13%
13*4
13
-47
50
13
50
47
4
93%
93% 94%
94% 94%
94%
24%
26 3
cfe
70
220
133
93
94% 94%
26
4
32*4
cfe
215
216
2534
25% 26%
67% 68
40% 41%
25% 26 ag
68
68%
26*4
-40
'74
75
28
62
29% 30%
53%
34% 34%
52*4
*56
•43
»115
29%
34*4
29% 29%
•55
45
115
65
192
Do
125
31%
115
78% 79
78% 79
79
119 120% 121 123 34 122
79
124
*115
125
Kanawha
«33
-82
•
70%
121% 123
2334
23
62% 5234
101% 103 %
*100 105
15 14 15%
*32
33
149% 151%
42
120
81
•222% 226
*41
•110
"80
27
69
*92
68
*98
"70
•"JO
*101
23*4
53
99% 102
100 100*4
14
14%
31 34 31 34
148*4 151
40%
40
120
*80
81
68
105
78
40
81
90
93
120
26
67
2,
90
92
68
105
77
so"
90
"73%
87'..
7G 3
35 34
37%
78
67
80
68
16
65
27
4
•
•
69% 70%
70%
12234
21%
107
130
105
110
•
123
122
24
53
cfe
22
2^7.
22
109
130
72
123
105
*115
71
122
25
pref
Shore
Mich. South'n
cfe
Long Island
Louisville
Nashville...
cfe
106
123
72
123
25
55
53 34
18
Aug27
2
75 34 Jan
63 34 Jan
2
2
74% Mar
7
104 34 Feb 27
Deo
5
Sep 4
May22
90
:,
cfe
102*4 104
68 Apr
95 Apr
36 Apr
17
167 % May 208 Mar
65 Jan 67 34 Feb
29% Oct 20
7% Jan 1 1 % Apr
Aug 8 40% May 75% Deo
97*4 Aug 7
69 34 Jan 88% Deo
173%Aug27 124 May 15434 J'ne
106
-J
j
l
•70
152
•30
154%
40
80
81
90
90
120
65
105
•70
77
152% 153 34
•30
40
80
65
•90
101
92
120
•
65% 57% 5 7*4 59%
84% 84% 84 a4 85
76
72% 73% *73
34% 36% 36% 38 '„
7534 77 34
77% 80
66*4 67
04% 60
•88
101
94
120
70
98
77
154 34
40
80
•32
•90
•lol
94
120
37% Sep
30
:
,
--c-p
8
24
42
82
52
89
63
6U
Sep
4
L37
!
,
68
67
1
''2
124% J'ne
}82*4 Nov
15*4 Oct
l-vb
Pel)
Feb
Jan
Ma]
s
Deo
Deo
83
Nov
101
% Apr
7
1
Sep
94
Nov
Jan 86
57 Jan 81
88 Jan 113
s
24% Jan
J'ne
I
Deo
Oeo
"1
38
97
i
82% Deo
Ma]
Jan
Nov
66
1
•
40% May
61 % Nov
92% Nov
Ma)
Jan
72
1
81%
>i
*i
36% Nov
94 34 Nov
35% Apr
68% Apr
33% Jan
lo
Mayli
Sep 8
-']!
200 80% Jan 7
Mar26 128 May 14
Mario 78*2 S< p 8
1
124% Oct
50
80
*s
.
111*4 J'ly
'>
62%
tfarlu 90% Sc p 1"
1st pref. vot. tr. ctfs...
3, 70
86% 86*4
00 Jan
80%Sep
•_»d pref. VOt'g tr. Ctfs.
76% 77%
\,.vl'_
127,200 33%Deol2
39% 41% Rock island Company
.\,ivl
!fov2ti
33,050 71
Do pref
8(> 34 81 34
16
65
27
16
65
27
>.
Do
84
l7o
1
Novl4 47%Apr
Feb 15 85 aSep
71
Do
Mar25
;
80
79% 80%
6.
Jan
208,646 147
30
81% Sep 20
L06
Si
a
76
38
66
<
74%Novii
iy23
7i
50 %
37
Decll
05
100 100% Jan
8
Oct 17
86
59*4
85
*a
1,300
pref
Cin. Uhic do St L.
pref
Reading, vot'g tr. ctfs..
92
120
92
•101
Pacific Coast Co
Do lstpref
Do 2d pref
Pennsylvania
Peoria cfe Eastern
Pere Marquette
Sep
45%Marl8
70'4
58*8
75*4
70
71
•97 105
•70
78
153 34 155%
•31
38
80
May
Nov
L68%Jan 2 139% J an 174% Nov
10 Ma> 57 V Sep
oi \ Aug 8
124% Jan 27 97 Mai 120 Sep
100 Aug 7 47 Mai 95 Sep
255 Apr 2 }206% Pel) 217 J'ne
I
70
98
»7o
153
Nov
1
.v.-
98
41
93
30
180
(
1
70
J'ne
177
:,
'
105
76
62 34 Deo
Jan
Jan
Jan
4,923 109% Mayl9 134%J'ly23
21.750 135 Oct LS 174 Feb 5 150 May
35 Dec 12 43 Jan
27 Jan
89 -Mar 3 91 34 Mar22 79% Jan
Dec 12 31%.Mar.il 12% Jan
11,910
J150 Mar 7 192 Apr 29 107» 4 Mai
200 105 Jan 27 115 April' 67% Jan
118% Jan-.". 127 34 Apr28 101% Jan
84 Nov 1
May
6,420 36% Jan
15
3.615 90 Jan 14 139 Sep 1- 49 Apt
3 Sep
16,175 22% Dec 12 35 4
15 Jan
May
4,650 51 JanlcS 69 j s -p lo 37
L84.70U 96 34 Maxll L26%Si plO 69 Jan
4,675 80 Jan -.'4 122 Apr 22 570 J'ne
1,240 cl4 Dec
21% Sep 1 e 3% Jan
'.
•98
Dec
75
59% Jan
39% Jan
41
81
I
65
Deo
40% Deo
82 Aug
Oct
4% Feb 12% J'ne
13% Jan 22% Sep
24 % May 45% J'ne
35 34 Apr 9
44% J an
J'ne
45
17
36
75
Sep 2
24
Jan
14% Dec
Dec
2
3
97
Jan 11
9 Jan »
66 J an 16
81% Jan 14
137 Jan 14
35% Dec 15
253. Mo. Kansas
24% 25%
Texas
6334 55%
Do pre!
65%
103% 105 '„ 104% 105% Missouri Pacific
102% 103
102% 103 34 102 102 Nash. Chatt. cfe St. Louis
1534 16
at. of Mm., vot. tr
«15% 15% 15*4 15*4
16%
31 35
300 31% Dec 15
32 33
3.j% 33*4 *32
Do pref., vot. tr. ctfs
34
150 151 34 151% 152*4 162% 153 »a N. Y. Central cfe Hudson.. 66,930 li; \.n-ll
150 152
4,400 40 Nov 14
44
42% 43% 43
40
43
43
43 N. Y. Chic, cfe St. Louis...
110%Novl5
• 110
Do lstpref
113 • 110 120 110 120
110 120
•84
8(5
2,400 80 Novl5
86
Do 2d pref
80
87
86%
87
200 209% Jan 30
• 221
222 222 *222 226 •222 225 N. Y. N. Haven cfe Hartf.
225
27*4 28%
27% 29
27% 28
28% 29% X. v. intarlo >v Western. 40,300 25 '4 Dec L2
39,812 55 Jan 11
W( stem
68% 69% 68 34 69% 0'J34 71*4 70 34 71% Norfolk
90
90 92
1,
*90
90 92
90 "a
92
Do adjustment, pref.
i
24%
Sep
'J
Western..,
140*4 Metropolitan Street
Met. West Side El. (Chic.)
Do pref
22 Mexican Central
Michigan Central
100 4 Minneapolis cfe St. Louis.
Do pref
123*2
72% Minn. S. P. cfe S. S. Marie.
Do pref
124
139
87
21*4
23 % 24%
5234 53
101 34 104*4
100 102
14:*% 152*4
•30
40
101
56% 57%
*8
68%
64
97
70
107
125
140
-
220% 223%
27%
69%
93%
"84*4
22%
61
•1(15
151% 153*4
"30
*79
"SO
•105
108
125 • 119
67% 68 % 68*4
120% 122% 12234
110
137 34
119
138
•34% 36
83
20% 21%
102
109
125
118*2
137
36
87
*82
20% 21%
J22% 22%
*105
•110
70
33
36
87
Moines..,
145% 14734 145 34l47% Manhattan Elevated...
etrop. Secur., sub. rec
119% 119 119*4
143% 145%
118
Erie
Do
L.
77
Michigan
cfe
C.Ft.S.cfcM.,tr. cts. pfil
Kansas City So. vot. tr. ..
Do pief. vot. tr. ctfs
Lake
50
125
*115
73% 73% 75
77
118%121% 11634 119% 118*4 12034
143% 145% 142% 144% 143*4 14534
11734 118
117%119
•118 120
135%136 34 136 34 138%
{ 13734 13734
•73
53%J'lyll
48*4 Sep
2 67 %
5 202 *4
181% Mar
Feb 4
Aug21
Aug21
Mav 52% May
Ma> 50 % Apr
72% Jan 82% Apr
91 Jan 140 Nov
120% Jan 136 Apr
16 Jan 27 Nov
94% Mar
90
75 May 90%J'ne
41 Dec 56 Mar
134 May 188 May
175 May 200 May
168% Jan 215 May
207 Mar 248 Apr
116% Jan 175*4 J'ne
125 Mar 146 34 Nov
180 Mar 201 Apr
10% Jan 31 Apr
28 34 Dec 57% Apr
12 Jan 20% May
58 May 60 May
73 May 101 Nov
115% Jan 124 Nov
6% Jan 18 Apr
40 Jan 60 Deo
1 6 % J an
28% Apr
105 JIaj 185% Apr
Jan 258 Dec
188%
29% Jan 53% May
80 Jan 103% J'ne
29
27
51 34 Ang21
21 Jan 43 34 J'ne
500 65 Nov 11 90% Apr 28 48 Jan 87% J'ly
800 33% Jan 26 50%Augl4 21 Jan 41 J'ne
1,875 75 Deo 15 88 Aug 1
77 % Dec 81% Deo
6,700 19 Jan 15 39 Aug25 13% Jan 25 Apr
1,500 44 Jan 14 62% April
35 Jan 49 Apr
18% Oct
1,100 13 J an 1
41 Sep 10
5 34 Jan
45 J. in
84 Apr 22 24 Jan 45 % Sep
850 40 Dec 12 71% Jan 3 39% Jan 7 6 % No
120 Oct
138 Feb 6 108*8 Jan 135% Sep
325 Apr
340 Apr 2 i 230 Apr j;!55 Nov
1,800 72%Novl8 91% May - 67 Jan 90 Deo
16,200 102% Jan 27 159%Aug2o 76 May 111% J'ne
76,100 128 .Marl 158 Nov24 83 May 145 Deo
owa Central
Do pref
cfe
*47
229
11,800
4,990
16,870
1,525
Illinois Central
63% 54
34% 34 7 Keokuk Des
55 65 e
Do pref
64
3434
B
ctf.
3
4
96
70
Hocking Valley
Do pref
68
44% 46
78% 78 34
31
deb.
5,700
Jan
30
100
WorthcfeDen. C.,stmp
Great Northern, pref
Green Bay cfe W.. deb. ctf.A
Ft.
67
65
45
125
51 34
cfe
29% 30%
52 54
53
34% 34% 34%
55 65 55
65
50
£45
49% 47
297
cfe
46
78
43
1
Aug20
79%Augll
53% Sep 2
184% Jan 7
cfe
67
78
67
45
78
77%
29%
52%
34% 34%
62
65
45
125
115
*63
44
67
45
78
29*4
5J34
*63
45
65
50
125
76
34*4
46
77
*63
•42
77
J'ly
'2
cfe
1
65
J*lyl7
J'ly 30
194%Nov2S 210 Apr 15
15 Decll 24% Aug 19
cfe
2234
22
22% 22% 23% 24
23% 24
23
23% 21% 22
9834 100%
98%100% 98 a4 100% 98 34 99
"98% 99% 95% 99
96 4 96 34
96
95
96
96% 97
95
96%
95% 95% 94
142 143
140 141% 140 34 142
143 144
140*4 141% 138% 140
37*4
36
37
36% 36% 37
37% 38
836% 36% 35% 3534
60
79
220%
.
190
3
45%J'lyl6
.
60
54 % Jan 89 Nov
Jan 6 145% Jan 196% Deo
57%Sep
13 151
12 35
1
Nov
34
May22
97
198
29 Dec
44 Sep 10
10 34 Jan 8 23 Apr 29
4434 Mario 60 Apr28
2,800 93 NoviO 108% Aug 8
118 Jan 21 124% Sep 2
11,800 14% Jan 15 35 34 J'lyl7
cfe
<
'1
67
4,400
4,850
2,370
Feb
Sep 66 Deo
42% Jan 91 J'ne
70 May 108 May
81 34 Jan 114% May
Sep 19 83 34 Feb 97 J'ne
72 38 j']y21
55% Oct 88% Apr
128 Aug26 77 Mar 122 Nov
145 Sep 19 116 Mar 146 Nov
145*4 Sep 3 87 May 117%May
Do pref
26% 273, Colorado
So., vot. trust
2,565 59*4 Jan 15
68% 63 34
Do 1st pf vot. tr. cfs
4,300 28 Jan 14
42% 43
Do 2d pf vot. tr. ctfs
162% 164*4 Delaware Hudson
6,500 153%Novl4
246 247%
1,500 231 Nov 8
elaw. Lack,
West'n.
38
10,300 35%Decl5
38% Denver
Rio Grande...
90
90»,
4,800 86% Dec 15
Do pref
600 35 Dec 12
40
41% Des Moines cfe Ft. Dodge
16
2,950 13 Feb 3
16% Detroit South. vot. tr. ctf:
31
32%
Do pref. vot. tr. ctfs. 4,500 26 Decl5
357 75 J'ne 2
283% 84 Detroit United
16 17% Duluth So. Shore Atl.
315 10 Jan 15
24
2,420 18% Jan 14
Do pref
24k
171,850 28% Dec 12
33% 34*4 t^ne
11,950 60% Dec 12
63% 64% J Do lstpref
12,050 41% Dec 12
Do 2d pref
44% 45%
67
68% Evansv. Terre Haute. 27,500 50 Mar26
83 93
200 82 May29
Do pref
273,
'63
Dec
22
24,150
,
68 34 68 a
67
67% 67% 66
41
41 34
40%
41% 42-4
41% 41 34 40
151%156
154 158% 159 162
161% 162
155%157
240% 240% 241 241
•242 250
243%244% 244% 245
37*4 38*4
37
36% 36% 35*8 36*4 36% 37 34 37
89% 90%
88% 88% 86% 87% 87% 89% 88% 89
'38
38 40
*37
35
40
42
38% 39%
42
*13 34 14%
15
13 34 14
16%
14
14% 13
14^
26
28% 29
31
27% 23
28% 28
28% 29
81%
84% 84%
82% 82% 81
*15
16 17%
•14% 16
15
17
15
16
16
22
23*4
23% 22% 23*. 22% 23% 23% 23%
23
3334
31
29
31
30% 30% 31',
31% 32
30
6234
62% 63
62
62% 62% 60% 62*4 62 3 63
3
4334 45
43*2
42 4 44
41% 43
43%
42 4 43
67% 68% 67
69% 68
69%
71% 67% 69
69
88 92 •88 93 83 92
93
92% 92% *8*
60 65 •60 65
•60
63
64
60% 60% •59
189% 189%
187 188
187% 189% 188 188
189 190
•65
136%Sep
-150 162
162
190 195
195
Do pref
16 3
16 34 17 Chicago Term'l Transfer
3
31 4
32
33
Do pref
1334
13% 14 Chicago Union Traction.
47 60
50
Do pref
95
95 34 95% Cleve. Cin. Chic, cfe St. L
20
50
99
89%Novl4 95*4J'nelO
82 Nov 14 90*4 J'ne24
3,050 33 Dec 12 51 34 Aug20
38 l,7oo 160% Jan 27 198 34 Sep 20
cfe
1,079 186 Jan 14 200% Sep 20
Chicago cfe North Western
2,310 204% Jan 14 271 Apr29
10 230 Jan 18 274% Apr 29
Do pref
100 152 Jan 15 206 Sep 22
Chic. Rock Isl'd cfe Pacific
140 Feb 6 170% Apr 30
Chic. St. P. Minn, cfe Om
230
150
190
Pittsb'g
New Jersey..
Central of
Feb 20 48% Mayl6
Jan 9 77%M»yl5
74% Jan 27 96% Sep 9
95% Jan 27 106% Sep 2
92% Dec 12 118%SeplO
92 Dec 15
54 34 Novl4
110 Apr 4
139 Apr 2
61,900 112*4 Jan 28
1,200 75 Dec 11
165 Nov2o
32*3o6 42% Dec 12
4,700 29% Dec 15
1,410 68 Nov 12
134 34 Jan 21
Highest
Lowest
33
63
1,120
Canada Southern
77
170
Highest
72,550
46% 47% Chrsapeake & Ohio
32
32% Chicago Alton
70
71
Do pref
195 220 Chicago East'n Illinois
•110 125
Do pref
__.
24% 25% Chicago Great Western..
89 91
Do 4 p. c. debentures
•80
85
Do 5 p. c. pref. "A"..
36% 37%
Do 4 p. c. pref. "B"
172% 174% Chicago Milw. St. Paul.
191 192%
Do pref
25
91
84
30% 37
170>2 173
191 191
217 217%
214% 215 34
160
195
16
30 3
15 3
29% 29%
12% 13%
31
13%
150
190
185
76*4
*165
47
23%
91*4
238,340
19,955
143,510
Do pref
126% 128-4 Cianadian Pacific
89
80
84
36
36%
3 170%
168 4
21334 217
180
*150
160
195
70
•195
•110
70*4
190
120
&
Burtalo Roch.
140
78
170
46%
31%
,
2230
*150
*190
75
•165
170
45% 46 s
31
31%
,
220
23^4
75%
75
165
170
44% 45
30% 31 s
100
.
117% 124
Lowest
Shares
Ann Arbor
Do pref
39
68
Mange tor Year 1902 Hange lor Previous
On basis of 100-share lots
Year (1901)
Week
EXCHANGE
cfe
126% 1.28%
01
the
81% 83% Atch. Topeka Santa Fe
98 34 99%
Do pref
97
98%
Ohio
92% 94 Baltimore &
Do pref
63% 64% Brooklyn Kapid Transit..
140
125% 12634
Sales
Railroads.
37
67
38
117% 123
•136
125 34 127
75
76
*
23
•88
*80
93
ISO
38
Friday
19
Dec.
68%
68% *67
80
81
81% 82 34
97% 98% 98% 99
98*4
96
94% 96
93 94
93% 94
62% 63% 63% 64 34
98*4
96*4
61% 63
Thursday
Dec. 18
39
67
1
94
92
,
*37
39
68
66
79%
96% 97%
79% 80*4
97% 97%
Wednesday
Dee 17
STOCKS
NEW YORK STOCK
Si
Deo
rj-'i
Nov
04
1
Si
Rutland, pre!
St. Joseph .v
1st
7J
16
16
65
27
H5
27
Do
Do
4,650
i
\pr-'.:
Jan
12
62
.i'd Island.
pref
1
I
16% J'ne
rue
55
\ovli
42
Sep
_
Oct
17
;
2d pref
1
7% Jan
24% Aug29
Dec
36
J'ne
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Hanks
Banks
NEW YORK
Ainerica*|
...
Ask
Bid
t558%
Ainer lixdi.. 270
Astor
750
325
Boweryll
Broadway ... 300
280
1000
1
Cm
325
Butch'scfcDi 150 170
Central
H82*a ......
Century
11
Chase;
Chatham
Chemical
Citizens'
L75
700
340
300
1800
L90
Ask
Bid
t290
Colonial!] ... 375
Columbia H .. 350
lommerce... 310
Consolidated 200
Exchgel 420
East R
tl68
Kqmlable ... 115
I«'idelity1|
210
Fifth A veil.. 3600
City
291
Gallatin
voorili
320
204
130
llthstreetl,
200
800
300
—
a ute
on tins
.
125
,
rreenwioh
..
,
.*>»„
1
000
at*.
170
....
Hanover
1640
.t Trad. B50
Imp
Irving
240
175
3onH... 100
Bid and a need
Sale at Stoclc Exchafi
,
,
1
,
01
11
\
are
auction this weetc.
a iv
>
I'm
i
st
Co.
1,1111
con
Itli
i<i>
ti
Ask
New Amster
Mechanics'
I.!
A
W,
LOS
195
L'acith-
II
.
-
I
cam lie..
\I
en. mis'..
1
Metrop ii'\\
mi Horns'
Mutual*
c
I
i*.
\
Second
S< venth
2
215
75
fllfllbS.
[noludes, prior to Slay
Loth.
635
\\
aid*
t
e'sH
L35
V
175
300
600
ins
L90
1
.
aited
nitedstafc
\
arick
1
L10
"
135
b
110
225'
New stock.
dividend and rights.
m old Mom. Nat, trust receipts.
ianics.
a Dlx
Uiii,'s
13
205
700
Statel
l'JIh
i
28d Wardl
2 LO
Park
200
.
ii'
Ll
1
..
ml
too
..
.
100
I
1
Kivcrsi.i.'*
150
L9th Wardl
North Amer. 1225
S orthern
I
600
Prod
550
torki
x v Nai Ex.
\ ork.
Ask
Banks
205
...
New
jaar OS.
is.
iu1
Manhattan"
Mai kel A Plil
..
ueas
Sid
Banks
80
590
Libi rty
\ii-i
*,
«.
•
Ask
2
.
H.ainiltou1|
376
775
(Tilth
Gar held
(
Hut
Leather Mfr.
Lincoln
German Am' (105
German Kxi
GermaniaH
First
235
435
225
425
140
Banks
Ask
Bid
ISauk.w
Fourth
%
%
%
.
December
%
3
.
.
Monday
Wednesday
Dec. 17
Tuesday
Dec. Id
i
Dec. 15
67
63% 65 "J
SO
78
67*i
59
59%
29%
90%
30
90
•90 %...
38%
123
39*2
120
37
•120
26%
*4Ah 45 3j
*25
25
44%
113
38%
38
124
26%
26
457t,
45
'19
23
63
23%
26
39% 401-2 38
21
21% 22
51
50 % 52
31% 31% •31
23% 24 % 23
48% 48 % 48
25
•200
•200
54
230
65%
53
%
%
3%
32%
331-2
89
S9
•2
"a
200
30
9 78
25*2
•90%
5%
*22%
22
61
32%
23%
48%
SS 3
.
%
3%
40
•93
'31
215
z23
•8%
9%
96
39
220
9%
25% 26%
39% 40%
22
22%
50% 53
31% 31%
23% 24
48% 49%
•200
230
55% 56%
•2
$934
41
97
35
224
97
•30
9%
36
9%
9 34
•33
38
37
9% 10
3634 38
9%
36%
36
28%
10
37
•14
•35
*5%
22
39
27
91
129%
•87
•158
•11
•74
83
*220
91 34
*20
•60
26
91 4
92
2334
53
2334
53
33
24 34
23 34
•20% 23
63% x62% 62%
27% 27
27 s
40% 41% 41% 42
4
51
32% 33%
48% 49%
•200
8%
79
•125
18
•11
•75
83
•215
8-8
79
130
•87
92
13
79
84
225
8%
157
$1358 13% *11
•75
•75
79
•83
86
84
•217 227 *217
8%
75
•125
78
130
18% •17% 18
207%20S 34 206 207
116
114 115
116
*27
26 34 27
28
80
80
379% 7934
•135 140
174 l4 174i4
17%
1734
56% 67%
225
57% 58
•2
•2
•9%
43
43
33%
88%
41%
97%
35%
15
44
'215
10%
10
•34
*34
37
9% 10%
37% 38 34
37 % 38
9934
57
•90
»220
•33
37
100%
57%
92
228
34
37
222
-33
-85% 87
18
18%
222
34
•85% 87
17
17 34
X74 34 74 34
21
{20% 20% 21
•68
70
73
{70
7534 77
56% 56%
54% 56%
*88 34 93
89
53% 54
52
38
*36
12%
4 34
42
12 V.
"
75%
80
11%
46%
12
47
130
•120
434
54
38
12% 12%
377% 77%
11% 12%
46
125
11% 11%
89
46
125
!
4
10% 11%
American Linseed
40
26% 28
Do
27% 28
93
92
92
5% 5%
•21% 23
39 3
Do
pref
American Malting
5
23
pref
American Locomotive...
94
•5
23
Do
_
pref
39% 40% Amer. Smelt'g & Retin'g.
92
92%
Do pref
5127% 127% American Snuff
•95
98%
Do pref
124% 125% American Sugar Refining
•118 120
Do pref
*87
92
87
12% •11
13
79
•11
•75
American Tel'gh & Cable
Amer. Teleph. & Teleg...
American Woolen
92
13
79
•75
pref
10% 10% American Ice
38% 39%
Do pref
35
87% 87%
84% 86
225
'220
Do
pref
d Anaconda Copper
Brooklyn Union Gas
225
Do
43
82
44
43
82
•80
44%
174
176
*175
18%
71%
55
45
17
71
60*8
45
85
•44
*83
•9% 15
44% 45
175
•101
26
•90
164
110
38
•9% 15
Manhattan Beach
National Biscuit
45
•101% 103
103
Do pref
26% 26% National Lead
93
Do pref
26%
•90
•150
93
104
112
3934
111
133
•121
New York Air Brake
North American Co., new
164
112
.
118
130
120
11% 11 34
86% 87
20% 21%
133
120
11% 11%
87%
21%
133 United States Express...
12% United States Leather
1134 12
11%
Do pref
87% 87% 82% 82%
21% 21% 2l 34 2234 U S Realty* Construction
66 34 67%
Do pref
68
69%
68
67% 68
14% 15
15
15
15% 15% 316% 16% §15% 15% United States Rubber
143a 14V
52
52
349% 49 34 *50
52
Do pref
50% 52
5
349% 49% 550
31 '4
30% 32% 30
31% 32% 31% 32% 33
United States Steel
34% 34
3
1
30% 81% 79% 81
80% 82
Do pref
81% 82% 82 4 84
83 % 84%
357% 58
57% 58
57% 59
59
60% Virginia-Carolina Ohein..
58% 593.
•119 130
12l" 123" 120 120% 120% 120% 121 122?, 123 125
Do pref
•210 210 •210 240
210 230
210 235 *215 235 •215 235
Wells, Fargo & Co
87
87 34 88%
87 %
est'n Union Tele'gpli
87% 88
87% 88
89
88
X87% 88%
•186 189
186 186
181 195
181 191
191 193
193 193% West'gh'seEl&Ml'gassen
•180 200
185 195
ISO 200 •180 200
Do lstpref.
190 200
190 200
•88
89
20% 2134
67
07
a;80% 87
20
21
65% 67
Year IHU'i
Lowest
55 3
4
Jan
86 34
21
*66
1
\
liamie lor Previoul
Year (1901)
Highest
Highest
Lowest
56% Dec
Mar
21%Jan
85%J'ly31
90 J'ly30
80%J'ly30
39 Augl3
80 Sep 9
2
77
75
88
J'ly
70% J'ue
53% Jan
10
May
U%Jan
81% Sep it.
41% Ang21
98% Apr 15
93 Novl3
Maj
18 Jan
67 % Jan
•J'.)
»i
,
U98 J'lyli 3240 Oct 2 3145 Jan
53 Novl4 79 Feb 1 60% Dec
% Dec 10 8%Aprl4 l%Sep
2% Dec 9 20% Apr 14 10 Sep
510 210
27
8 34
200 34
3,740
1,930
Jan 13
Dec 12
39% Apr
71
54 34 Sep 3 23% Jan
134 Feb 7 117 M.v>
38 Sep 1
18% Jan 21 33% Oct 24 10 34 Feb
35 Jan 15 49 34 Sep 2 28 May
107 Jan2n 129 Aug25 65 34 Jan
150% Aug 5 159% Feb 18 147 Apr
93% Dec 12 113%Aug26 76 May
95 Aug29 81% Jan
86% Mar
20 Decll 24% Oct 27
60 Dec 12 60 Nov 1.
21 34 Jan 14 38% Sep 10 11% Jan
37 Dec 12 51%Sep 10] 23 34 Jan
17 Jan 27 30% Sep 9 11% Jan
49% Jan 27 06 Apr29, 45 Mav
28 Jan 11 42% Sep 10 24 May
19 % Jan 3o 31 Aug20 14%Jan
39% Jan 24 57% Aug29 38% Jan
28% April
85% Jan 14
30% JanlO
410 80 Feb
334 32% Jan 14
J'ue
63% J ne
35 34
,1'ne
94% Nov
f/_> % May
129% Jan
25% May
39%Maj
109% Deo
Nov
133 May
100
99% May
20
J'n«
40%J'ne
22
J'n«
00 34
38
26
49 34
Mar
Mar
J'ne
Apr
$202 Deo
130 J'ne
8% Apr
Apr
35
35
37% Oct 3 L9 Jan
93% Oct 31 67 Jan
57 a4 Apr28 24 Mai
99% Apr 23 85 Apr
42% May 2 32 Oct
205 Aug28 3169 Jan
62%Aug21 39% Dec
3
89% J'ly
35% J'ne
91% Jan
40 May
210 Nov
45 Nov
25 34 Oct
62 Oct
41% Mar
77 34 Mar
Dec 12 13 4 Oct 21
Decll 43% Sep 26
5,095
9% J'lyli 31% Jan 2
4,398 32 J'lylo 67 Jan 3
1,300 14 Dec 1
28 Apr30]
200 39% Deo 10 58 Marl7
10,370 23% Dec 12 36%Apr29
2,070 89 Jan 3 100%Apr29;
600
5 Jan 20
7%May20'
950 21 Jan 20 29 Sep 5]
13,000 37 Nov28 49%May20
1,500 87% Nov28 100%J'ne23
10 40% Jan 22 135 Oct 2
410 85 Jan 13 101 Oct 2
169,200 113 Novll 135%Mar31
1,500 115 Jan 2 122 Aug20
84 Mario 390 Jan 7
16034 Jan 13 186 Apr 4
50 12 Dec 1 17% Jan 7
73 Apr 23 80% Sep 22
2,710 d80 Dec 12 146 Feb 1
200 210 Jan 4 ,253 Aug28
1,010
8% Dec 15 14% Apr 23
11,750 7334 Aug22 110%Apr24
3130 Jan 29 3140 Mar26
2,200 14% Jan 10 24% Oct 17
5,990 205 Decll 23034 Apr25
4,080 114 Decll 126%J'ue 3
4,170 2634 Dec 15 38% Mar24
668 79% Decll 90 Mar25
130% Jan 13 139% Jan 2
159
4 Augla
5%Aug22
!
General Electric
37
37
40
40% Pacific Mail
100%100 34 100% 101% 101 101%
eop. Gas-L.cfc C. (Chic.)
56 34 57%
5734 59%
59% 60 Pressed Steel Car
3
90
90% 90\ 90 4 9034 91% 91
91%
Do pref
223 228
223 225
222 230 }227% 227% Pullman Company
*33
•33
34
34
33% 34% '33% 34%
ail way Steel Spring...
VDo pref
85% 85% •85% 86
80
86% 87
87% i)
18% 18 34
18% 1&»4 18 34 19% 19% 19% Republic Iron & Steel ...
34 76%
75
75
75
75% 75
Do pref
76% 76%
21 34 21 34
21 34 22
•21% 22
21% 22 Rubber Goods Mfg
70
69% 69% 70
70
70
70
70
Do pref
56
55 34
50% 55
55
55% 56% 56% loss-Sheffield St. & Iron
•89
*89
94
94
93
*87% 91% S Do pre!
93
-4 34
•5
•5
•4% 5%
5%
5 34
5% Standard Rope & Twine..
54*4
54
53 34 54%
54% 50
55% 56% Tenn. Coal, Iron & RR...
•36
•36
•36
40
40
39% 40
40 Texas Pacific Land Trust
•12
12% 12%
13
12% 12% •12
13
Union Bag & Paper
•75% 78
76*.
•76
•74
76
Do pref
77
78
12% 13
11% 12% 12% 13
12% 13% U. S. Cast 1 Pipe & Foun.
46
Do pref
46
50
50
37
37
99 34 100 34
57
57 34
lor
ol lUO-share tots
7,950
2,910
2,300
pref., tr rects
18% International Paper
72
Do pref
International Power
46 Internat'l Steam Pump..
Do pref
89
*43
85
15
98% 99%
56
56%
89% 90
De
36 34
40
174
81,795
1,400
pref
8% 8%
runsw. Dock<fc C.Imp't
75% 76% 76% 77
77
80% Colorado Fuel<fc Iron...
125 128 *120 128 *125 128
Do pref
18% 18% 18
18% 19
18%
18% 18% Col. <& Hock. Coal & Iron.
3 Consolidated Gas (N. Y.).
208 209% 209 211
210%2ll% 21034 211 4
115 115% 114 34 115
115% 115% zll5 115% Continental Tobacco, prel
27
28%
28% 28% 28% 29
29% 30% Corn Products
80% 80% $82% 82% 81% 81% 82
84%
Do pref
•135 140 *135 140 *135 140
135 140 Diamond Match
Distill. Co. of Am.,tr rects.
171
Range
On Oasis
Miscell
230
•35
"9% 14%
•9% 14%
•44
43 34 44% •43% 45%
46
44% 44%
»101 103 •101 103
100% 103
101 34 101 34
24% 25% 25
26
25% 25%
253s 25%
•90
91
91
92
92
92
91%
92
*150 165 •150 160
160 162% 162 163%
3 1U9 3
109 4
108 110
110 111% 112 114
4
•9
&
American Dist.Telegraph
American Express
30% 30% American Grass Twine ..
*9 a4 10% Anier Hide & Leather
235
29% 30
222
Erie...
97%
30% '36% 39
17
16% 16 34 •16 34 17
70% 71
71% •70
83% 83%
%
38
79
86
227
Lake
Adams Express
malgamated Copper...
American Bicycle
4
15
92
&
lstpref
Do
34% 34% American Car & Foundry
89
90
Do pref
44
44% American Cotton Oil
Do pref
33%
88%
*69 34
43
Wheeling
Do
9,000
19,050
3,600
3,400
2,050
8,035
3,560
pref
12S
175% 175%
172 34 175
16% 17
70
*%
%
4
8% 8%
75% 76%
•125
•71% 72% *70
43
•87
92
161
Do
Industrial
*200
225
3,025
2,225
1,060
\V. v. tr. ctts
31%
Do 2d pref
25% Wisconsin Cent. v. tr. cfs.
49% 50%
Do pref. vot. tr. ctfs.
24 34
24
<fe
Wabash
53 34
13
5%
1st pref
256,410
Union Pacific
10,910
Do pref
U nitRysInv't of SanFran "306
Do pref
,,
22 3
15
22
8,700
631
3.300
2,000
Do pref. vot. tr. ctfs.
Twin City Rapid Transit
Do pref
92
22
'
•87
92
161
14
79
84
227
Do
Do
2734 Tol. St. L.
45% 46
15
92
Louis & San Fran...
St.
80
69
26 34
15
25% 20%
•91
Share*
;
97 %
39
215 •217
9%
37% 38
9%
4
36%
14 15
15
14% 15
•36
45
4
39% 39%
253,
26
25
25% 26 %
3
90 4 91
92
91% 92
•5
5% •5% 6
5%
24
24
22% 22% •22
40
37
39% 39
39%
91>4
90
90
90
91%
93
3%
32% 33%
•87
89%
41% 41%
215
28% 29% £8
4
225
55% 56%
-%
%
%
3%
32% 33*,
88% 88%
214 3
2S%
90 34 913,
•20
23
•60
63%
32
4034
97
35
697,
113% 113% 11334 114
4 113
158%
158%
"95% 97% "97" 98% 97% 99
40%
22%
52%
%
EXCHANGE
lit
Sales 01
the
Week,
. .
112 3
23% 23%
48% 48%
•2
124
STOCK
1339
Decl2
65% Dec 12
2rt pref
24% Dec 12
St. Louis Southwestern..
12,00(
55% -Mar 5
Do pref
60%
28i,8o; 50 Dec 12
63 Southern Pacific Co
32% Southern v.tr. el's, stmped 69,951' 28 Deo 12
3,33: 89% Dee 15
do
92%
Do pre!'.
*90 34
90 May22
M. <fe O. stock tr. ctfs
26,250 37 Dec 15
40% 40% 41% I^exas & Pacific.
400 122 Jan 8
'124 126
124
hird Avenue (N. Y.).
32%Novl8
•30%
Toledo Railways & Light
27-4
46% 27
46
45% 45% *44
26
•200
230
Dec.
27
158
95% 97
91
91%
•20
23
25
39
22
51
32
123
•90 34
39
NEW YORK
Friday
39%
4 40
92
91% 91% •90
127
127
129% h
129% *
•95 %100
96
*94% 94%
95% 95% *96" 100
119% 120% 118%120% 120% 122% 121% 12434 I2434 126%
•117 119
119
ii6%ii7% 117 117
117%117% 117%
38%
•
39%
33
8734
40
38
36
15
40
63
25
32
87
98
39
225
31
9%
•
1
23
123
112%114
113
-2
40% 41%
•93
•35
38% 39%
27
46
93% 96
90
90 34
95% 97%
90 34 91%
•90%. ..
39
125
125
'158
*
•
80
67% 68
79
•90%
•90%
STOCKS
68% 70
69%
*78% 78% *78
6S
69
68%
24% 25
25% 20% 26%
59
59=,
57%
58%
59 34
59% 61% 01% 03 34 62%
30% 3L
30% 32*
31%
923.
90% 91% 92
92%
65% 66^
25
25
24% 25
57
57% 57 34 58 %
56
58% 58% 60%
293* 30%
28% 29
91
89% 90% -90
_>6
Thursday
Dec. 18
00% 68
65% 66%
79% 79%
00% 67 "4
66%
•73
66 34
25
59
67*8
7S
1
Stock Record— Concluded— Page 2
20, 1902.]
stocks— man est and lowest sale prices
Saturday
Dec. 13
1
.
3134 Aug 19 39 Oct 20
4,834 0170% Oct 13 334 Apr 9
3,050 10% Dec 12 23% Mar20
320 70 Dec 15 77% Jan 7
300 49 Dec 2 199 Apr 29
1,100 40 Deo 12 57% MaiT'J
300 82 Deo 10 95 Oct 2
9 Oct 13 19 Apr24
J'ne
5% Jau 30% J'ly
Jan
66
4% Feb
8
31
J'ly
22% Aug 33% Nov
83% Oct 91% Nov
J'ne
J'ne
22% Dec 30
38% Oct 69
88
26
73
Apr
Feb 104% J'ne
Mar
Apr
103% Dec
111 Dec
49% J'ne
90
153
130
394 Jan 100
157% Nov 107 34
J'ne
J'ne
J'ly
Apr
Sep
13% Mar 21% Jan
70 Mar 8234 J'ly
28% Dec 54% Apr
175 Jan 228 Apr
14 34 Mar
8 34 Jan
41 34 Jau 130%J'ne
116 Mar 142% Apr
12% Oct 23%J'ne
187 Jan 238 Apr
93% Jan 124 J'ne
127% Oct 152% Aug
183% Jan 289% Dec
18%May 28 Mai
69 Jan 81% Sep
54% Jan 100% May
24 % Jan 49 Nov
74 Jan 89 Oct
8 Oct 22 Apr
300 40 Novl2 53% Mar20 37 Jan 46 May
200 10134 Deo 17 109% Apr 4 92 Jan 103% Nov
Mar 25%J'ne
4,550 15% Jan 18 32 Sep 26
15
300 78% Jan 10 96 Oct 2
4% Dec 93% J'ne
1,050 148 Marl7 196 Apr21 133 J'ly 175 Apr
1,300 88 Jan 28 134 Sep 3 73% Feb 109 J'ne
2,110 37 NovlS 49% Mario 30%May 49% Nov
8,950 98% Jan 15 109% Sep 5 95 34 Jan 120%J'ne
7,900 39 Jan 14 63% Oct 3 30 Mar 52 Jan
1,700 82 34 Feb 4 96% Oct 25 72% Mar 89 Apr
430 215 Jan 13 250 Apr 29 195% Jan 225 Oct
500 24 Apr 16 38% Sep 19
1,300 80 Apr 1 90% Oct 31
10,300 15% Jan 2 24^4 sep 8 1134 Sep 24 J'ne
4,000 68 Jan 10 83% Sep 10 55% Jan 82 Apr
1,850 17% Feb 2 s 25%Apr21 18 Dec 38% May
667 63 J'ly25 74%Mar22 65 Dec 90 May
1,800 29% Jan 3 83 Sep 4 19% Feb 41% Apr
230 80% May 19 95% Sep 9 65% Jan 86 34 Apr
100
4 Jan 10
8% Apr 29
3% Mar 8% J'ne
12,800 49% Dec 12 74% Apr 24 49% Mar 76% J'ne
300 35 Jan 15 44% Feb 18 19 Jan 42 Apr
300 11% Nov 10 18% Apr 3 12 Apr 19% J'ne
335 72 Jan 16 85 Apr 5 65 Apr 75 34 Dee
3,500 10% May 12 17 Oct 20
000 42 Mayl9 59 Sep 6
100 97 Jan 2 100 Aug28 353 Jan 100 Apr
7 34 May 10% May
12,780 10% Deo 15 15% Sep 22
2,007 79% Jan 21 91% Sep 22 69% May 83 34 Aug
10,950 20 Nov 14 32 Oct 30
3,900 04% Novl4 75% Oct 30
12% Oct 34 Jan
2,245 14 Jan 2 19% Oct 1
575 49% Dec 12 64 Mar24 47 Oct 85 Jan
34Jan 7
24 May 55 Apr
324,332 29^ Dec 12 46
112,402 79 Dec 12 97%Jan 7 09 Mav 101% Apr
5,013 54 Deo 12 70% Apr 28 51 J'ly 72- Mar
110 Apr 125 Aug
2,050 120 Dec 12 L34%Sep
a .sr> Jan 24 3255 Aug28 $130 Jan 19934 Deo
3 J'lylO
97%Aug26 81 Jau 100% Mav
9,525 84 4
700 169% Jan 15 233 Sep 11 115 Nov 180 Deo
180 Jan 8 234 Apr 9 157 Not L87 Deo
'.'
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
Washlngt'nT 200
Wash.H'hts1< 200
WestSiitey.. 570
Western
Yorkville'
375
.
BROOKLYN
Bedford!)
....
BoroughD
Broadways
225
100
Ask
Banks
Bid
Ask
BROOKLYN
Manufactrs'. 325 350
Mechanics!] 220%
Merchants'.. 110
Nassau
Nat City
North Sale'
Bid
CITY
Atlantic Tr.. 345
Ask
N. Y.
.
010
Trust Cos.
350
290
210
People's^]
200
17th WardH. 130
Sprague
200
20th Wardli 135
.
220
Bowl'gGreen 235
BroadwayTr. 150
C'IR'tyB&Tr 050
360
245
154
Central Tr'sl 1925 1940
City Trust. .. 390
too
Trust Co's Bid Ask
Farm Lo&Tr tloOO
Fifth Ave Tr 620
630
Guaranty Tr t741
iuanhau Tr 185
Kuick'rb'k'r 800
Lincoln Tr. .. 380
McV'ck'rRty 205
1
1
Manhattan
500
300
Mercantile .. 1100
Brooklynli .. 130
Merchants'.. t322
190
8th Wardll ..
75
.Metropolitan 725
Empire State 185 195
5th Avenue' 120
Unionl]
140
MortonTrust 1050
100
Equitable Tr 475
First
400
Wallaboutli
.M ut. Alliance 270
105
Exchange Ti
* Bid and a3ked prices; no sales on this day.
r Ex rights,
3 Less than 100 shares,
d Beginning
1 Sale at Stock Exchange or at auction tins week.
Ex stock dividend, s Trust Co. certificates.
.
.
370
Continental 080
Kastern Tr.. 180
Colonial
377
195
330
395
275
..
Bid
Trust Co's
N Y Life&Tr
N YSec&Tr
Ask
1175
1350 1390
North Amer. 1290%
Real Est Tr't 425
StandardTr'i 400
Tr Co of Am. '297% 1300
100
TrCoof Rpbc
110
Union Trusi
1
USMtg&Tr
1330
1100
300
475
Unit States 1700 1730
VanN'denTi •^60 270
Washington 425
.
Trust Co's
Bid
BROOKLYN*
Brooklyn Tr
175
Flat bush
344
Franklin
Hamilton
325
Kmi-s Co
1.
[si
Ask
480
L&Tr. 320%
Manufact'rs. 400
430
230
350
People's
Willi anisb'g. 245
Nassau
230
Windsor
March 31 noted per cent instead ot dollars per share.
U Banks marked with a p aragraph (11) are State banks
ij
;
9
'
New York
Exchange— Bond
Stock
41
1
1
.
Weekly and Yearly
Record, Friday,
OCCUPYING KUUK PAGES
BONDS
STOCK KXCHAXGE
Week bnding Dec 3 9
N. V.
V
V
S
S
V
V
V
•
V
V
U
V
V
V
U
V
S
s
registered
fcl918
coupon
fcl918
reg small bonds. .fcl918
oou small bonds..
ma
Q-F
Q-F
Q-F
Q-F
107 k 108H 107 a4
Dec '02
107
10.,
k 108
k
V.
io9V, 108
20
108
"a
109 k HO 1 111
135 136 ISO's
135
136 136 "2
103 34 104 k
.
10.".
107
Nov'02
l.iOl-2
Dee Hi2
103 34 Klll'v
Oct '02
:;
i
I03 34l04k 103^e Nov'02
kese ar<
A
1906
1906
C 4s
1900
Currency funding 4s
1920
Dist of Columbia 3'65s. ... 1924 F-A
Louisiana new consoi 4s.. 1914 J-J
Small
Missouri funding
1894 1995
North Carolina consol 4s. 1910
6s.
1919 Ao
So Carolina 4ks 20-40
1933 J J
Xenn new settlement 3s.. 1913
Small
Virginia fund debt 2-38... 199*1
Registered
6s deterred Brown Bros ctis.
Class
Class
is
class
Alabama
&
&
S Fe gen g
Begistered
4s...
1
103
7
L99
/tl995
s
95 Hi Feb '02
marks
lour
.
it
the
b
951;.
liar.
96
i.ug'02
•
ices v
94 34
to v
asis
100
£.
ol Sb to
104 3s 107
102»oMar'02
102"^ 102 "^
HI
123
AO
Mai
1
iod" iof"
104
95>-2
96°8
'02
'02
94
95
94>aOct
98^001
.....
"li'sajt
97
Sale
101k
Sal(
11
12 'a
104
1-2
95^ 99 34
"&" "lo 3
35
8
97 iy
8 95
101=8 218 LOO
Nov'02
loo
97
191
191
90 V, Sale
".'.'.'.
90^
89
8
94 1aApr'02
*9*6"
88^
114
100
IO534
i
M948 A-O
10 Ik Sale
100>a
104
104%
111
7tl948 y-J
1911
MS
P Jun & M Div 1st g 3ksl925 M-N
Begistered
pl925 Q-F
Sys ret 4sl941 M-N
S8'-2
N Y&
Con
R&
1st .t col trust g 58
Al-S
W
L93
CRIF&N
Registered
dt
'02
KM
Oct '02
90'«
91
89'4
.1
88 Hi
l\
107
116
117
'0
101
91^8
90
;
llt'-l 114'4
108
108
Shawn
See
<
1613a Dec'02
m^
116
12S 1301-2
125 34 L29 3a
103
102
127
J'ne'02
Dec '02
Deo '02
1
I
103
.
124-V
12C.i 4
:
Mil
118
118
Sale
108
1
1,
(.Jet
|
Divpurmon g 4s. 1951 J-D
Mac & Nor Div 1st g 5s. 1910 J-J
J-J
Mi.l Ga A Atl DlV 58...
Mobile Div lstg5s
1946 J-J
J-J
fren'l gold 5e
Cent ot N
hi 987 Q-J
Registered
Am Dock & Imp su 5s.. 921 J-J
Le & Hud R gen gu g 5s 1 920 J j
-1
-
1
32 "o
36
SJKe
24
92 Aug'02
I08 l< S( p '02
L02
>8
ni4
.1
132
13534 i:;5> 8
Sale 133
West
A
I
MA
'lll'slHc
0-.
1
110
WIN
I
110k 1121-
103
102
1
100
LOO
si
102
r,
12"-.
1
87 k
87
Dec'02
99 > Oct '02
95
1
14
105
SO
98
93
I083g
115 8 110
IIS
117 34
115%
11 8
\\
*U7 4l21
:1
1331-2
LOS
1
Oct '02
10738Au-'02
191 '2 Oct '02
116 Sep*02
09 Oct '02
1153s Dec'02
RR
•
Di c Oi
118 s8>""' "'117 Mar'02
Nov'Ol
109
10'-.
L20 aAng'02
117
117
U6Vil7
o price Friday; latest price this week,
a Duo Jan
<i
Duo
1
116 88
.\pr
C
1
Bl
19"h
Blclj n
Duo
.day
I
g
I
*
mi
',
101
'.,
-
134
t.
let
*i*02"' i'04 34 L04»a
113
1
'02
loti-2
>
103
105
.
HSi-2
114
iVf "1-2124"
Nov'02
DO
106
Oct '02
106
os
I
L08
107
1094
1(17
Oct '02
lK'.iv.i
1
KM
ib5"i ioo'vi
'112H2.
*.
141
10 4-'i
Oct '01
>
1
Vs.
iio"
118 1aNov'02
114 Oct '"1
117'-. Nov'02
123 May'01
UOO
- 1
Oct '00
Dec'02
L073gMay'01
108 Di
.
1
118
115
15'. J'ly '02
111
107
106'4
106'4.
115
117
123Vi
197
107»2
106«6 1063a
102 14 106%
::
.
sl25
107
116»all9>a
tfov'(
124
Deo '02
ISlVa L37»<
12S lo
11214 142 Va
'02
L39H.1393,
'.
2
...ill
107M'.
n'ol
lMi.iU6'( 114ViSep'02
128V3
1
loi,.
Deo 'OS
129
L988
1988
905
131
mi's
llli-2Apr'02
109
lV'92
997e j'ne'02
1
12
100'.,
I
1
114Vi
132
128V, Novo-.
'.us',
108ib
99'h
99 78
i'ly'02
a:i
85
4s.. 2002
Sale
8J
,
i
83'a
97
-90 '2
1905
.1923
H.
93
97
1-2.
99
86
ne'02
85 3 \GM
.
"h
Si
.
1
1
o '-_
97 '-2
91 '4
Dec'02
Nov'02
Dec '00
Apr '02
99
93
'a
ilOVs
o
See in
Pitts see l\
135
1371-2
13l) 3 I
86
on Next
I-
135
1343.1
135'-,
11
V
V
125%
137
Sale
Si
13
1k 142
uis.
I'
|.
12.''.
.
130%
OH 3,
S5
86
85
1'aae.
199:;
E
M-S
M-S
90
96k
120 k
120
99
Sale
121k
Nov'02
121
120
'2
k
97 k
121 k
101
114
W
124
k
121
.01%
114
121
127
',
KM
I
103
110
N
'4
110
1U.14
120k
:'.<
J'ne'02
lit)
' 1
L20
1
..
109
1
..1
120'.-
'02
1><
Nov'()2
119
109 Vj.
11712
2002
X..OU
1-2
I9:i7 J-J
g OS.. 1945
IhiC) 1st
.1
Cliic st LO-yr
22
11;'.
Ort '02
107'u 1071, 107
1
(las and
Atlanta Q 1.
Mar'98
117
117
i
1
1915
1910
4s
Vf
.v
!
116
108 h,
114
113 34
1
131'4
911
:
-1
our5s L928
1
A-O
MX
M-N
40-year consol ^old 5s..
1
:
1
'is
103
102
..1917
luarauti
n ion
I
114'4 lis
in;.,. 121 34
U2i.j 115 34.
il'ji^o.'t '02
i;;7'-2J'iv'99
115
-1 12-4
WS
\s
i20>a 120V
USV124H).
121 ^2 Oct '02
HoSg
llS^
Set.
'
1
i\
U63g
LurdAve KB con gu
J-J
Third Ave Rj
J-J
El (Chii
F A
Met
Mil El Ry & I 30 x
F-A
Minn S1 Ry 1st eon - 5s.. 1919 J-J
si Paul !ity lab c in - 5s. 1937 J-J
1
I
Rapids i;.\ s1
5s. ..al91 6 J-D
Louis Rv Co 1st con g 5s.. 1930 J-J
"
v
126»aMar 02
!20\ 124
Street Railway
st Ry—rCon;Bef g 4s2002 A-O
l,(.\
.1
1
Market St C Ry 1st g 6s .19 3 J.J
Met St Ry gen col tr g 5s. 1997 F-A
B way & 7th A v 1st eg 5s 1943 J-D
HI Dec '02
1
Den con Tr Co 1st g5s... L933 A-O
Den Tram Co con g 08.. 1910 J-J
Met By Co 1st. gU g 6s. 191 J-J
ui 'it si Ry 1st con g 68. 1905 J-J
.
Viet
126 132V
113 117^
11336115
is2'-2 196
112 115
IK)V,117
HI 111
KJ4 34 104^8
107.3g 1101-2
1S2"-. 1911-2
191
tis.
Col<fe9thAvlst mi g 5s.
991-2
86
llOVj
'99
It
i'02" Salt' 100
Kings Co I.I Isl g4s
Nassau Elecgu g4s
(ir
111
Jan
i-.
12138 12312 122
1
103 k
lOM'a
.
J-J
1950 F-A
1949 E-A
1951 J-J
City & S Ry Bait lstg 5s. 1922 J-D
Conn Kv it 1- 1st A re£g4V2S'51 J-J
J'.klyn U11 El
L7*4 ....
....
114 :i4 ....
IIS'4 ....
1133b ....
Chic St L &
A eon 6s. ..1930
112»a tonic St
Ch St P & Minn 1st g6a 1918
141
13914
Nor Wisco In 1st 6s..
st P & s City lstg 68...1919
15
i>. ..1947
Chicago
Railway
J-J
1
119'4
1901
11
I-
?-^
\%
1
A-O 103 '4
l'<
I26>a
124 34
12112 125
104 34 Jan '02
92
I>nsCELLANKOUS BONDS—Continued
fetreet
113
I8t4s....l905
I'll)
&
i.k
Chic & St
«
9
IO6I2IIO
116 122
109V3114
137Vil39'8
::;l \.
del) 5s
Pac
nsioil
K.
Ill's
26 120
120
115
194 1 a
113V-,Dec'02
L13
113
J09 34.
1st 2*28
31
106
99 34 100
Nov'02
Nov'02
May'02
Oct '02
1
112 34
I
i:;l
1-2
132
117^
115
1st gl
gold is
fostered
PM
106
135J,
-
Brooklyn Bap 'He g 5s
1945
Atl Av Bklyn imp g 5s. .1934
3k City 1st con 5s. 1916, 1941
Bk Q Co & S eon gu g 5s
121
130>2....
Dec '02
Dec '02
lo-,
Resistered
I
114'4 iitivl
10S
107
'02
109V?
109V3
120
6s... .I'.Mn
.-in raj
44\;
I-1-2
108 '4
IH2H(Apr'02
135
L
ucomes
Des
"2
103i2
98
Mar'02
100
& Imp
H4s
M48
N 48
Chic R
'-2
'-.
LOO'S 103
107^
135 34 1361-j l;t7 14Dec'02
120'4 120 34 120's 120 34
1st 7s
1908
1st 5s. ...1919
CoU trust Series C 4s ...
I
Chatt
LS A
1:1
83 34
102 "4 IO6V1
106 34 10612 Dec '02
117 4 117 Nov'02
•109
D
Chic Bock Isl A Pac
Registered
i
36
23
*88
98
106
-116
1
Ced R la F & N See B C R & N
93 J'ne'02
Ceu Branch U Plstg4s...l948 J-D
93
95
Cen Branch By Sei Mo Pac
Central Ohio See Balti&Ohio
Cen in: a RofGa col g6s 1937 M-N 107 34 108^ 107JiiDec'02
1 06 »a 109*4
122i« D
HD'-j 123
Cent (il (la RR lstg 5s..pl945 F-A
F-A
/<i b
istered
'•
M-N 103
Consol gold 5s
104 H2 106
90 1041-2 1 13
Registered
1945 M-N
Sep '01
1st pref income g 5s
72
89>-2
74
75
g>1945
72
I
lOS^.-..
Convertible
:
loo^ioe^
19 10
111
1
pi 945 uct
Oct
107^
LOSVj
100
102 8 104'2
S2"s 88
7 8
86
v
Li438Aug <)2
103
1924
106
0.1^10713
110V,
lOysAug'Ol
1921
107
1
4
102'-2
Dec '02
102-8
1926
1910
106
106
106 Hi
107-^
108
00 Nov'02
k;
98
104-4 Apr '00
•ol
Nov'02
*107
1
ibsiaii's"
4
'02
'02
82 ^
S2v
78
79
83 34 Apr '02
104 V, 104 Vj
93
stum! g5s 1929
Ashland Div 1st gBs,.192o
m ie luv Lstgi
CarolinaCent See Seal) <$ Roan
Carthage .fc Ad See N Y .V II
2d pref income g 5s
3d pref income g 5s
Exten
l-.xl
102=8
iii ""a
MUwA
Kl2'.2l0f,i 4
Nov'02
'-2
15
17
12312
1
:;
Apr '01
Oct
106^ Oct
98
1921
1921
tered
Sinking fund deb 5s
1933
Registered
1933
DesMoA Minn 1st 7s..l9o,
Madison Isl 6s. .1905
North Illinois Jst 5s... .1910
on C P & St Paul 1st 5s 1909
Winona & s; Pel 2d 7s. .1907
:eul
(
Oii '•i
Debenture 5s
02 ^
123
124"% Feb'02
118 Jan '02
02
100k
'4
red
130 May'02
125 34 Oct '02
1
a
10114
1st consol 6s.
1913
Chic (SsNorthw cons 7s
191 5
1902
Gold 7s
Registered
1902
Extension 4s
1 886- 1 926
Begistered
1880
General gold 31-23
1987
Registered
0198'
sinking fund 6s.. .1879-1929
Registered
1879
Sinking fond 5s.. .1879-1929
Registered
1879
1909
Debenture 5s
Apr '97
112
102
16
12
1910
MU&No 1st M
F-A
J-D
1
Wis* Minn Div g 5a.. ..1921
93>a
94 34
114 '4 J'uc'02
10s Sep 02
L913
111
106
105
i
1
102=8 J'ly '02
82=8 Sale
79 Sale
Mineral Point Div 5s
19 lo
So Minn Div 1st 6a
Southwest Div 1 st <is. ... 1 909
118
L03
1913
-2d 5s
Cai
i>
100
1916
Far A Sou assu g 6s
Hast A D Div 1st 7s
4
J-J
A-O
Wist gu5s. 1921 A-O
M .is St Llstgug 7s. ...1927 J-D
1908
ttanada South 1st 5s
Registered
1j
97
97
99?8 105
102 104
93
Api"02
101 ^
94
88 38
90
89
A-O IO334
J-J
J-J
J-D
A-O
5s...
Chic* PacDivOs
ChicA P
IstgSs
Dak<Ss Gt So gas
Lacrosse*
94^
S(
'.'.'.'.'.
•i'os" .....
...1949
Chic&MoRivDiv
iiT'aiVi'a
'02
W
Brie See Erie
Pgen g 5s.. .1937
AU & "West lstg 4s gu..l99S
CI «fc Mali 1st gu gos
19 13
Boch<fc Pitta 1st g 6s... 192]
Consol 1st g tis
1922
Buffalo & South west See Em
Bull di Susg lstrefg 4s.dl951
Registered
#1951
Bur Cedar R <fc No 1st 5s. 1900
Buffalo
Buffalo
'_'_..'_
9 L% Salt
J-J
Q-J
F-A
M-S
1001-2
141 102
104
12
10.!
,
:>'>
LSuDivgos....l921
Chic.fi;
97
U4 34
95 34
89>2NoV02
PLE&WVa
South w Div 1st g3ks...l925
Begistered
7H925
Mouon Riv 1st gu g 5s.. 1919
Ceu Ohio B 1st cg4ks.. 1930
Beech Creek See N Y C & H
Bellev & Car See IBiuoisCent
Bklyn & Montauk See Long 1
Bruus & West See Sav FJ .fc
94
97
94'-.
103"
1
I& D
94
Sale
103 34 Sale
1949
Iowa Div sink fund 5s. .1919
Sinking fund 4s
1919
Nebraska Extension 4s. 1927
Registered
Southwestern Div 4s
1921
Joint bonds See Great North
Debenture 5s
1913
Han & st Jo.s consol 6s.. 1911
Chic& E 111 lsts t cur6s.l907
1st consol g (Is
1934
General consol 1st 5s
1937
Registered
Chic A Ind C Ky 1st Ss.1936
Chicago & Erie See Erie
Chic In A Louisv ret 6s. ..1947
Refundin 1: fold 5s
1947
Louisv N A A Ch 1st 68.1910
Chic Mil & St Paul cou 7s 1905
Terminal gold 5s
1914
General g 4s series A..el989
Registered
el989
General g S^s series B..-1 989
Registered
el9S9
105^
I
;i::'..
90
4 Oct
I
1st 5s
J-J
?il925 Q-J
Registered
Gold 4s
Begistered
Conv deb 4s
II6-4
117
121
J'ne'01
Jltuii.
102
Dec '02
I
194 Nov'02
136HiJ Iv'Oi
120
Mar'00
95 34 1). c'05
90 34
•98^1
111
111
12
Oct '01
06^ Oct '02
l09'aFeb'99
1
& N W See Sou Pacific
Bat.Creek & S See Mica Cent
alt & Ohio prior g 3 2 s. 1925
>
Ao Low
Nov'02
113
Registered
Austin
1
109-Tfc
111 Si 11
1
126
hi
g 5s
Divots.
Illinois
1
Nov
Begistered
ft.1995 Nov
Stamped
ft.1995 M-N
Chic & St Louis 1st 6s.. 1915 M-S
Atl Knox & Nor 1st goS..1946 J-D
Atlautii <fc Dauv See South Ry
Atlanta & Yadk See South Ry
Adjustment g4s
1101-2
1
R&
106 'y
W
995 A-O
t<ih
00 1-2 Dec '02
I
117
nun
Registered
General gold 4Hi.s
1992
Registered
1992
Craig Valley 1st g 5s... .1940
A Div 1st con g4s.. 1989
2d consol 4f 4s
1989
Warm Spr Val 1st g 5s. .1941
Greenbrier By 1st gu g is '40
Chic& Alt BK s fund 6s. .1903
Refundin g g 3s
1 949
Railway 1st lien 3 ^s... 1950
Registered
1950
Chic Bur & Q consol 7s.. .1903
Chic.fi; Iowa Div 5s
1905
Denver Div 4s
922
•
KB
N
&
II
Dec '02
102
1
1st consol
!(i','>.
112 H113
139 >s
139 34
10438 Sep '02
id '00
See Say Fladfc
Albany & Susq See Del H ud
Allegheny Valley See Penn
AUeg West See Bun B & P
Dock & liu See Centof J
Ann Arbor 1st g 4s
/(.1995 Q-J
Atch T
,,
4 to 5
laba Midi
Am
t
os
Railroad
Cent See So Ry
Low
...... i'001-2
Ohio g 6s ser A../: 908
tfc
Gold 6s
4 l'lO
Dec '02
Dec '02
Dec '02
'in's
1
;i
107
106 3a
107 34
l"132
j'ne'OS
107«4
...
108k
108
107
93 '4 ....
1.. M-S
U'hese are price s on the Oasis oi
99*8
s i g 5s of 1899 Q-J
State Securities
Alabama
sisk
S i nee
'Jniiary 1
<-
1
Krankfort-on-Main 3ks set
S of Mexico
W
Rid
Range
5j
'
Foreign Government
U
J—(Continued)
N
ot
cV
Wilks B Coal 5s. .1912
Cou ext guar 4'"s
5^1910
N V a Long Br gen - 4s ::mi
Cent Pacific see So Pacific
iliarlea & Sav Lstg 7s..
L93I
105 78 109 ij,
Q-J
Q-F
1925 Q-F
1904 Q-F
.1904 Q-F
coupon
Low High, Central
iVo
Week's
Range or
Last ,sale
Lell
ft.190
s 4s
Bigh
Dec
«n.
1
108 34l09- b
107 34 109-v,
coupon
S 5s registered
S 5s coupon
Ask Low
Price
Iridcti
STOCK EXCHANGE
Week ending Dec
N. Y.
10734 \0S^ 108 34 Aug'OS
loS 14lo9 1 0S 34 N
M90' Q-J
registered
or
Sale
l.asi
BONDS
Range
Since
5 o January 1
ei-lc's
II
Range
i
Q-J
Q-J
Q-J
Q-J
registered
4.s
Price
rtda
Dec 19
V. S. Government
2s consol registered. (11930
2s consol coupon
dl930
2s (;o.ii.sol reg small..'
2s consolcoupsraall.dl930
S 3s
S 3s
S 3s
S 3s
S 4s
S 4s
s
J
1
Electric Li;;ht
J-D
Co Isl g 5s..
Us s g OS. 1959 J-J
1
U Gas
Duo
I
'
1st
/i
eon g 5S.1945
Duo lly
fc
VI
N
Due Aug
1
I
•
5
1
'ec"'97
let
'98
Deo 'OS
..liu' Dee
..
.sOpi ion sale
'
I
December
BONUS*
Price
Week's
Range or
Since
Ask Low
Bid
Chic it West Ind gen s 6s J1982
Chic & West Mich Kv 58.. 1921
cnoc ok & Q gen g 5a .. .01919
Cm H & D consol s 7s.. .1905
1987
2d gold 4bs>
Cin D<Ss I 1st gu g 5s._.19ll
C 1 St L it C See C C C it St L
Cm S A C Sea C c C St L
Clearfield & Mali See B R & P
Cleveland Cin Chic & St Louis
General g 4a
1939
Cairo Div 1st gold 4s
M Div 1st g 48.1991
Cin
St L Div 1st col tr g4a .1990
Registered
1990
SprACol Div 1st g4s..l940
Val Div 1st g4s...l940
C 1 St Lit C consul 6S..1920
t"
W*
WW
Q-M
J-D
J-J
1
1
I
w
W
lllbDeo'O]
-j
113 Oct
113 b 113 b
.1
'00
M-N 113 'a.
98
98b
bOct '02
9S
Sale
101
J-J
J-J
101
M-N
M-N
M-S
101 b
103
Oct
L02
J-J
M-N
11434
J-J
J-D
J-D
May'02
L38
98 b
75
98 b sale
A-O
Apr
A-O
J-J
114
123
Sale
Sale
99
76 k
114
128
114
76b
J'ne'02
y-j
80 b 82
FA
79 v
91b Sak
j-j
90b
1st consol guar 7s
1915 J-D
Registered
lstref gug3bs
80
92
13214 Dec '02
137
Sep 02
4
134
W 1st 6s... 1921
&
1923
Term & improve 4s
1923
Svr Bing* N Y 1st 7s.. 1906
Warren 1st ret gu g 3 ba.20< M
Del it Hud 1st Pa Div 7s. 1917
Registered
'
132 V Dec '<r_>
102
M-N
A-O *i~lib.
lii.svoci '02
140 14 Dec '02
140
149
113
122
Sus lstconguTs.1906
1906
Guar soul lis
1906
Registered
1906
Registered
Rens * Saratoga
1st
A-O i09"
A-O
A-O 105 '«.
A-O
7s. 1921 M-N *143»4
DesMoi*FtD See OR* IP
Des M * Minn See Ch & N W
Des Moi Uu Ry 1st g 5s. .1917
Det M * Tol -See L S & M So
Det * Mack 1st lieu g4s.l995
M-N *14334
J-J
J-J
101
of Minn
1past Ten Va SeeStPM*M
Jast
Ga See So Ry
Eel)
-112
:
1
s
147vj'ne'02
.
lOOb
Sale
105 34
101
105
Nov'02
105
89
Aug'02
105
,
82 b
J-D
104
111
J-D *101
1995 J-D
91
1951 J-D
Gold 4s
Det Sou 1st g 4s
Ohio Sou Div 1st g 4s. ..1941
Dui it Iron Range 1st 5s. .1937
Registered
1937
2d 6s
1916
Dul So Shore * Atl g 5s.. 1937
'02
Axtg'01
Aug'02
L43 34Nov'02
J-D
M-N
Oct
1 1
.
Registered
1921
Del Riv KR Bridge See Pa RR
Denv iKlir 1st con g4s.l936
Consol gold 4bs
1936
Improvement gold 5s.. .1928
Rio Or So gu See Rio Gr So
Den & S West gen s f g 5s 1 929
J'ne'99
106
1917 M-S
Alb*
'98
115 1aAug'02
102
103
112 Nov'02
.
E-A
Oct
140
J-J 132 "4.
E-A *115
MS
Nov'02
115
J-D
2000 J-D
Lack
M-S
A-O
A-O
93^
.
114
J-J
J-J
Elgin Jol* East 1st g 5s. 1941 M-N
See
NY
Leh*
Erie latextgold4s
1947
1919
1923
4th ext gold 5s
1920
5th ext gold 4s
1928
1st consol gold 7s
1920
1st consol g fund 7s
1920
Erie 1st con g 4s prior. .1996
Registered
1996
1st consol gen lien g 4s.. 1996
Registered
199(
Penn coll tr g 4s
1951
Erie 1st 7s.. 1910
Butt N
Butt&S
gold 6s
1908
Small
1908
Chic* Erie 1st gold 5s. .1982
2dextgold5s
3d ext gold 4bs
Y*
W
Jett
RR
80
92
114
1163s 115
111b.
consol g 6s. .1935
J-J
J-J
J-J
J-J
FA
J-D
J-J
J-J
M-N
97
V
85
1
2d gold 4*28
1937 FA
General gold 5s
1940 E-A
Terminal 1st gold 5s. ..1943 M-N
Regis §5,000 each. ..1943 M-N
120
Sale
X
See Pere
ife
106
103
102
& Oswegat See N S Cem
Grand Rap it Ind Set I'eiinKIl
Gray's Pt Term .See St L S \V
Gt Nor—C & Q coll iris 1921 J-J
Cire.eubrier Ev See Ches & o
Gulf & S I 1 st rel it t g 5s i>1952 J-J
Sale
iii^Y.Y.'.'.
116b
86b 92b
103
Nov'02
Sep '02
103
111
112
106b
112
111
109b 112
T
9534 Sale
109
34 34
106
150
95'
94b 97b
107 b
109
109
105b "i05b
11
2
io.fbioe"
HS^Oct 'f
114
1951 J-J
L951 J-J
98 102
195] J-J
72
82b
1951 M-S
1st gold 3a sterling
114
116b
Registered
1951 M-S
1952 A-O
127 V 128
Coll Trust gold 4s
Registered
1
A O
O & Tex gold 4s
1953 M-N
3
Registered
1953 M-N
79 b 86 4
Cairo Bridge gold 4s
1950 J-D
97
90
Louisville Div gold 3bs.l953 J-J
1
Registered
J-J
Middle Divreg 5s
1923 E-A
1951 J-J
St Louis Div gold 3s
Registered
1951
1951
Gold3bs
34 120 >K
114
Registered
1951
132 4 138
Spring Div 1st g 3 Vs...l951
Western Lines 1st g 4s. 1 95 F-A
137 141
Registered
1951 E-A
Bellev & Car 1st 6s
1923 J-D
Carb & Shaw 1st g 48.. .1932 M-S
137
132b
115i 8 118"4
Chic St L & N O g 5s. . 195 J-D
10 102 105b
Registered
1951 J-D
1173,
Gold3bs
1951 J-D
112
Registered
103 b 103 b
1951 J-D
Meniph Div 1st g4s...l 95 J-D
140 >4 144
Registered
1951 J-D
St L Sou 1st gu g 4s
113 II534
1931 M-S
Ind Bl .t West. See C C C it- St L
Ind Dec &
106 109
1st g 5s
1935 J-J
19::." J-J
1st guar gold 5s
1113glll3(
i;.i v
Ind III & la lstg 4s
1950 J-J
147 b 147 b Int& Great. Nor lstg 6s.. 19 19 M-N
2d gold 5s
1909 M-S
30 99b 104b
3d gold 4s
L921 M-S
105 112
Iowa Central 1st gold 5s. .1938 J-D
Refunding g4s
105 113 '4
1951 M-S
Jefferson RR See Erie
See L
84b 91
Kal A it O R See Tol S & S
an & Mich
&OC
K C Ft S <fc
See St L it S E
K C it R & B 1st gu g 5s. 929 A-O
LN
L13b 116
113bMar'C
Registered
1st gold 3bs
Registered
Feb'01
.
104
104
103 H
.
103
'4
1
104
10538
02b Apr '8
ni-".,
1
104 58 10634
A.ug'02
Oct '01
102b 103
104---M May'02
102
i 02 v
sale"
18 102blo(>
104 58 104 58
98bNov'02
97
Oct '02
Nov' 02
Dec '02
Sep
'02
,
112
113 b Nov'02
119 ^J'ne'02
116v,Apr'02
117
117
109 14 Jan '02
13734 Dec'02
136 Sep '02
9734
97 !4
98bJ'ly'02
83
85 \t
91
128
91
1
W
98 b 101b
-4
1
ii3i4
.
106
-
111
M
1
Kan C & Paoilic See M K & T
102b Kan City Sou 1st gold 3s.. 1950 A-O
Registered
1950 A-O
92b 95b
S4b 8734 Kentucky Cent See L & N
91
95b Keok & Des Mo See C R I & P
Knoxville & Ohio See So Ry
Lake Erie & 1st g 5s. .1937
2d gold 5s
1941
North Ohio 1st gu g 5s.. 1945
111 115
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
Registered 5s
1997
112 115
Leh Val N Y 1st gu g 4 Vs. 1940
Kegi stered
1940
113b 118
118=s 122
Leh V Ter Ry 1st gu g 5s. 1941
115 116b
Registered
1941
117 121'4 Leh V Coal Co 1st gu g 5s. 1933
Registered
108 58 IO914
1933
Leh it N Y 1st guar g 4s. .1945
137 142
Registered
136 139
1945
25 9714 102
1st g 1st pf 6s. 1914
Gold guar 5s
1914
98b 98 b
106 83
Leh & Hud R See Cent of N J
90
112 s8 115
W
E1C&N
98b 101
110b.
120"
110
Oct
124
90
Mav'OI
Nov'98
Dec'02
114 34
127
'02
110
3
127 b 12 7
126 14Nov'02
104 58 Apr'02
126b 126b
5
10634 Nov'02
10634 10634
ioi"Mar'02
101
107b
107b
110
105 B8 110
1023j
11914
9.
Mar'02
Dec'02
71
Oct '02
Nov'02
Dec'02
104
110
107
Sale
llo
102
122
98
116
90
119'.,
Sale
107b
107
loo
8
104b
1-
107b
10234
119b 127
103
80
97
98
69
95
31
104»s 104
71
116
119b
95
97
J-J
J-J
A-O
107
69
69
63b O'
t
J.
109
68b 74
'00
119V123
115 118b
112bll5 34
119vriec'02
119 b.
117 b 115 Nov'02
115 Sep '02
112b.
]
110b Feb '02
109
108b Dec'02
109bJ'ne'02
117 b Dee '02
1119'., oct '99
108 b 112
109 b 109 b
luSbSep'02
108bl08b
96b Dec '02
.107
Vl-N
"96 b "97"
110b
M-N
•J-J
J-J
A-O
A-O
J-J
J-J
M-S
M-S
A-O
A-O
96
101b Sep
Wilkesb See Cent of N J
& Caney Val See Mo P
Long Dock See Erie
Long Island 1st con g5s./il931 Q-J
117bl20b
'99
Leh&
72
Dec'02
91
128
96
133
IIKV125S4
10334 106
134b 137^
H334
11334 121
118bH8b
114 s8
114
102
105
110
Leroy
118
118
103
110b
116b
110bH5b
126b
121
110
112
Nov'02
Aug'02
J'ne'02
108b 112
112 112
115
May'02
114
121
116
J-D
M-S
J-D
Unified gold 4s
M-S
Debenture gold 5s
J-D
Bklyn& Mont lstg6s.. 1911 M-S
1st 5s
1911 M-S
1938
1922
1932
1949
1934
N YB&MBlstcong5sl935 A-O
N Y& RB 1st g5s
1927 M-S
Nor ShB 1st con g gu5s 01932 Q-J
Louisv & Nashv gen g 6s. 1930 J-D
1937 M-N
J-J
J-J
Mar
Unified gold 4s
1940
Registered
1940
Coll trust gold 5s
1931
Coll trust 5-20 g 4s. 1903-1918
Cecilian Branch 7s
1907
E & Nash 1st g 6s. ...1919
LCin& Lex gold 4bs... 1931
O
1st gold 6s. ...1930
O <fe
2d gold 6s
1930
H
N
N
&M
M
ibo'Toob
118b Nov'02
U7bl22
103 Nov'02
103 Mav'02
100 Oct '00
100 b 100 b
111 Jan '02
10134 104b
103 104
100 b sale
i06"
'.'.'.'.'.
111
112
111
111
112bH4b
De«'02
Nov'02
101 3
101bl0134 101
.1
.
124 s8 Apr'0£
J-J
118
112bll2b
112bApr'02
115bll5b 116
103
111
99
109bJ'ne'01
112 Mar'02
112 b Jan '02
100 Jan '02
M-N 111
11034 Dec'02
A-O
99 b
99 b
99b.
M-S
106 Dec '00
J-D
.113b 113b 113^
M-N 107
109 b Oct '02
J-J
130 b Feb '02
122
117
1003s 10334
100 100
II034 116
98 101b
lib
111
41
113bll6
109 b 109 b
128b 130b
122 124^
on Next Page.
<>ns nn«l Electric Light
Mut Fuel Gas Co See Peop Gas
Newark Cons Gas con g 5s 1948 J-D
5s. ..1948 J-D
Purchase money g 4s. ..19 49 F-A
NYGELH&Pg
92 b 99 b
104 104
120
7il931 Q-J
General gold 4s
Ferry gold4bs
Gold 4s
Gold 5s
HOb
Columbus Gas lstg 5s
1932 J-J
Conu Ry & L See Street Ry
Con Gas Co See P G & C Co
Detroit City Oas g 5s
1923 J-J
98
99
99 Dec'02
Det Gas Co con 1st g 5s. ..1918 F-A
104 May'02
EdElIllBkn .See K Co E Life P
Etl E III See N Y G & E L H it P
Eq O LN Y 1st con g 5s. .1932 M-S
.117
117
117
Eij G & Fuel See P G & C Co
Gas it Elec Berg Co c g 5s. 1949 J-D
Oct 01
61b
Gr Rap G L Co 1st g 5s.. .19] F-A
10734 Dec '00
K C Mo Gas Co lstg 5s... 1922 A-O
Kings Co El L & P g 5s.
937 A-O
Purchase money Os
19;
A-O
i25 121 Hi '02
Ed ElllBknlstcong4s 1939 J-J
95 ^is
97b Sep '02
HiacGas Lot' St L 1st g 5s. el 919 Q-F
.107^ 107 V Dec'02
Milwaukee Gas L 1st 4S..1927 M-N
93
95 .l'lv'112
No price Friday; latest bid and asked this week. aDueJan
Oct '02
M
101
Oct '98
11 4=8 Aug'02
114
114
103 Apr '02
105
105
110 Oct '02
110b
4
S7b
87 b
01 b Oct '99
loo Nov'00
1
109
100
98
L
1
:
118bApr'02
11434,
87bMay'02
M
118 b 120
106 Aug'02
11334
May'99
123
:
1
" I34"
134b Nov'02
*113 2.
iie"
.
Gnu and Electric Light
Ch ii L & C Co See P G & C Co
.
J-J
106bli'0b
Mar'98
LOS
1
Gouv
MISCELI^ANEOUS BONUS—Continued
.
S
1st consol gold 4s
1st general gold 5s
1942 A-O
Mt Vernon 1st gold 6s. .1923 A-O '110
Sull Co Branch 1st g 5s. 1930 A-O '102
Ind 1st con gug6s..l926 J-J
So See Ch
LZ/argo
St P
M*
Sale
92"
Wilk* Ealstgug5s.l942 J-D
Erie & Pitts See Penn Co
Evans & T H 1st cons 6s. 1921 J-J
&
lint & Pere M
4
91
127
A-O
Coal&RR 1st cur gu 6s. 1922 M-N
Dock* Imp 1st cur 6s. .1913 J-J
N Y * Green L gu g 5s. 1946 M-N
MidRRof N J 1st g6s. 1910 A-O
K Y Sus * W 1st ref 5s. 1937 J-J
Ev&
112
M-N 113V,
M-S 1163s
M-S 111*8
A-O 117 Sale
J-D 104b
M-S 137%
M-S
Istgug5s....al909 A-O
Long Dock
Har
illinois Central 1st g4s..l951 J-J
102^ Oct '02
93 v Aug'02
103
<fe
ElniCort&No
al
H)6bFeb'02
109b Sale 108 b 109 b
87b 86 b Dec '02
I
.">
Construction 5s
A
See So Pac Jo
\T a lHifc H of 1882 1st 58.1913 A-O
con 5s. .01945 J-J
11a ,t Ala Ry 1st
Ga Car & No 1st gu g 5s. .1929 J-J
Georgia Pacific See So Kv
Oila V Uit Nor See so Pac Co
1
Jlu.ih.
Sep 00
100
'.).".;
Waco See M K & T
Lack* Western Ts...l907 M-S 115 ...
Morns it Essex 1st is...l914 M-N 130b 133
NY
W
EtW&
J-D
January 1
<fc
104bNov'01
Q-J
1
Sine*
ascQ
H tgh Ho Low
Ask Low
J-J
J-J
J-J
J-J
Honst& TexCen SeeSoPacCo
133
A-O
tt'e<7.-'s
Range or
Last sale
Bid
1st g 5s. ..191 s
1st land gr ext gold 5s.. 1930
194:1
Consol gold 5a
Eort St U D Co 1st g 4 Vs. ; 9
1st g 6s. ... 1 92
<fe Den C
Ft
RioGr 1st g3-4s. 1928
SeeCBitQ
99b 106
Han & St JoSee N Y N H it H
ousatomc
U3'8 115V Hock Val lstconsolg4bs.l999 J-J
134V.134V,
1999 J-J
Registered
Col&H V 1st ext g 4s.. 1948 A-O
W Tex .See So Pac
fioust E
138 138
115 Nov'02
134 b Jan '02
'.
133 b
J-J
J-J
'02
Nov'99
99b Dec'02
100b.
10334
10138 1043.1
103
103
101 102
Dei
83
104S8
V 102
100
102b
103
106" 102"
Del
1
98
101
101b Nov'02
-I /alias it
9
113 V 1151.
J! a nge
J'rice
Friday
Dec 19
FlaCen& Pen
/
J-D
1341
2
STOCK EXCHANGE
Week Ending Dec 19
1
116 34 119
109
109
105 114V
114bMay02
A-O
!
N. Y.
High No Low Sigh
Col Conn & Term See N & W
Conn & Pas Rivs 1st sr 4s. 1943 A-O
1 \ak * Gt So See C M it St P
1
January
116 34 Nov'02
109 Apr*02
115
107b....
108 ....
fcl936 Q-J?
tel936 Q-F
Cin Sit CI con lstgos.. 192s
1914
C C & consol 7 s
Con sol sink fund 7s
191
General con sol gold 6s. 193
Registered
1934
1st pret 4s.l940
Ind nut
1st pl5s...«H938
O Ind*
Peo it East 1st con 4s... 1940
Income 4s
1990
CI Lor * Wli con 1st g 58.1933
Clev & Marietta See Penn RR
Clev* Malum Val g 5s.. .1938
Registered
193s
Clev it Pitts See Penn Co
Col Midland 1st 2 4s
1947
Colorado* Sou 1st g 4s.. .1929
Coluin & Greenv Set so Ry
Col * Hock Val See Hock Val
Last sale
aji
1
1
1
BONDS
Range
Friday
Dec 19
stock exchange
Wrbk binding dec 19
n. y.
Registered
9
Bond EeCOI'd— Continued—Page
20, 1902.]
1st sold 4s
B
'
;
Ed El
111 1st conv g 5s.. 1910 M-S
1st consol gold 5s
1995 J-J
NY'&QEl L&P 1st con g 5sl930 E-A
Paterson & P G
E g 5s. 1949 M-s
Peo Gas it C 1st gu g 6s. .1904 M-N
Ill
111
94b
105b
Sale
Dec'02
94',
105 34
120
I11534
120
L20
105
111
94
107 b
107b Dec'02
11034
98 b
105b 109
120 121 34
111
94
104
b 108b
<fe
117
118
2d guar gold Os
1st con gold 6s
Refuudiug gold 5s
1
121
.
97
124b
99
107bllO
95
<»
95 34
1904 J-D
Nov'02
ioi"
19 13 A-O
1947
Ch( r-Ldb Cke 1 st gu g 5s 1937
Con G Coot cli 1st gu g5s.';:i;
Eq Git FCh 1st gu g 68.1905
Mu Fuel Gas 1st gu g 5s. 1947
Trenton G it El 1st g 5s .1949
Utica E 1. £ P 1st s g os.1950
t
120
lot
109
110
M-S
J-J
lb'i"
104
109
J-D
J-J
M-N
M-S
ios" L05
L09
I
><
c'02
Nov'02
Dec'02
Sep '02
Nov'02
001
OS
103
1
;
!7-
n
1
!
j
106
126
104
lib
lo7 i 4 U»9b
102-- 10."100
105
Feb'01
J-J
Due Feb dDueApr eDueMay ADueJ'ly k Due Aug
o
Due Oct gDueDec sOptionsale
1
.
Bond Record— Continued— Page
1342
BONDS
Price
Louisv
ifc
Nasav— (Continued)
Range or
=>
125
Hender Bdge 1st 8 f g 6s. 1931 MS
Ken flicky Cent gold 4s. 1987 J-J 100
L& N & M & M 1st g 4 %s 1945
N Fla & S 1st gu g 5s.. .1937
110
Pens & Atl 1st gu g 6s.. 1921
*112%.
S & N Ala con gu g 5s. .1930
Nov'99
Sep '02
L0% Mar'02
114% Sep '02
114 Sep '02
115 Dec'01
112 Sep '02
99*2101% 100 Mar'01
.
113
100
114*2114%
Sink fund gold6s
1910
117
112
112
112
I
anhattan Ryconsol4s.l990
Registered
1990
Metropol El 1st g 6s
1908
Coloniz g 5s.... 1934
ManSW
N
V See Y
See Man Ry
consol gold 4a. .1911
1st consol income g 3s.«1939
2d consol income g 3s. .al939
1917
Equip & coll gold 5s
2d series gold 5s
1919
Coll tr g 4*28 1st Ser.. ..1907
McK'pt <fc B
103
A-O
A-O
...,
103% 120 103 107*2
103% 10 103% 103%
112% in 111 1143,
103
103%
ii2%ii2% 112%
J-J
Mich Cent See N Y Cent
Mid of N J See Erie
LSAW
Mad
J'ly
J'ly
14%
75%
42
24 411
14*i Id
77 %
21
14*4
85
21
36%
14*4
25*2
96
98%
A-O
F
A
96*4
J
D
94
MS
97
97% Sep '02
90% J'ly '01
105
NW
M&
MS
144*4 Dec'02
119*4 Nov'02
147*2147*2
118 121
126 ** 129*4
121 121
120 124*2
102 106
129 14 Aug'02
121
Jan '02
120
102
Nov'02
102*4
M<fcPlst5sstpd4sintgu 1936 J-J
M S S M & A 1st g 4 int gu 1926 J-J
103
Nov'01
J-J
98
Apr '01
MStP&SSMcong4iutgu'38
Minn Un See St P M &M
Mo Kan<fe Tex 1st g 4s.. .1990
97%
Dal&Wa
KanC& Pac
1st
g
4s.. .1990
'
MK&TofTlstgug5s.l942
Sale
81^4
2d gold 4s
#1990
1944
1st ext gold 5s
St L Div 1st ret g 48....2001
1st gu g5s... 1910
82 *4 80
103 *2 103
86
106
90
Sale 101
90
101
Dec '02
Oct "02
Sep '02
Dec'02
104
Telxxfc Neosho 1st 7s.. .1903
1942
E 1st gug 5s
Mo
1906
Missouri Pacific 3d 7s
1920
1st consol goldOs
Trust gold 5s stamped. ol917
K&
109*2110
108 110
109%
110
12
110
Nov'02
121
104*2
120*4
104 Hj Sale
al917
1920
104*4 Sale
Cent Br Ry 1st gu g 4s. 1H 19
Leroy & C V A L 1st g 5s 1926
Pac R of Mo 1st ox g 48.1938
2d extended gold 5s. ..1938
St L Ir M& Sgeu con g 5sl931
Gen con stamp gtd g 5s 1931
93
102%
& ref gold 4s.. 1929
V I & W 1st g 5s. 1926
Mob & Birin prior lien g 5s 1945
1945
Mortgago gold 4s
Mob Jack & K C 1st g 5s. 1946
Mob & Ohio new gold 6s.. 1927
1st extension gold0s../il9
1938
General gold 4s
Montgom Div lHt g 5s. .1947
St L & Cairo coll g 4s..el930
Guaranteed g4s
1931
See Southern
<fe O coll 4s
Mohawk & Mai See N V C & H
Monougahela Riv See B & O
Mont Cent See St P M & M
Morgan's La & T See S P Co
Morris & Essex See Del L &
Nash Chat & St List 7s. 19 3 J-J
M
103%
93
100
104
104*2
6
98
83
Dec'02
May'01
Convert deb certs $1,000.
Small certs $100
Housatonic R con g 5s.. 1937
N H & Derby con g 5s.. 1918
9734 101*2
N Y'&N E 1st 78
1905
SO
87*4
IstOs
1905
102*2 108
N Y & North See N Y C <fc H
85*2 88*4 N
Wref lstg 4s..</1992
Regis $5,000 only
102 106*4
</1992
N Y & Put See N Y C & H
88
92
101 108*2 N Y & R B See Long Island
101*2 105*2 N Y S &
See Erie
N Y Tex &
See So Pac Co
109*2 113*2 Nor& South lstg5s
1941
110 11434 Norf & West gen g 6s
193]
120*4 126
Improvem't & extg6s..l 3
103 109*4
New River IstgOs
1932
1st con g 4s. 1000
Registered
1996
103*i 109
WM
1
N& WRv
91*8
95%
104*2
I
L928
1st consol gold 5s
Jasper Branch 1st g 6s. .1923
Al 1st 6s.. 1917
T P Branch 1st 6s. ...1917
Nash Flor Shef See L N
Nat of Mex prior lien 4 Has. 1926
1951
1st consol 4s
D See Y 11 & If
See
Y Cent
J June
New Ciu Bdge See Pen u Co
E prior lien g 6s y< 1015
Y Bkln <fc Man Boh See L I
YCent& R 1st 7s... 1003
McM M W &
&
&
&
New H &
RR
N
&
N N
N
NO&N
N
N
A-O
J
J-J
AO
1 008
1998
Beech Creek 1st gug 4s. 1930
Registered
1930
1930
2d gu gold 5s
Beech Cr Ext lstg 3 >2S &195
Cart* Ad 1st gu g 4s. ..1981
Clearf Bit Coal Istsf4s.l04o
116
116
102
73
Dec'02
74
100
73
104
00
81*2
FA
FA
FA
FA
J J
J-J
J-J
Sale
104
104
106
.
101' 4
103
.
102% 102%
102% Nov'02
.
100
.101
ibo*
93
Sale
92
92
109*2 Sep '97
10034 Oct '02
99 Dec'02
loo
100
99*2 Nov'02
93%
92*4
93
93
Dec*02
Deo'O
I
p*u
104
106
10
109*2
10134
100*4
101 »8
90*2
98
92*4
96*4
93
93
97%
96
111*4 Sep '01
100 J'ne'98
115
Moh & Mai
IncomeSs
95
1992 Sep
Gouv&Oswelstgu g5s
108
112
Apr '02
93
95
107*2 J'ly '00
110*4 Dec'O]
A-O
A-O
104*2
104*2
105
109%
108
15 104*2 108
105
Dec'02
106^
105
100 Dec'01
229*2 Sep '02
204*2 229*3
220
J-D
A-O 220*4
207
Nov'02
130*4
135*2 Jan '02
J-J
J-J
104
102
114
M-S
M-S
101*4 Sale
M-N
220
135*2 135*a
M-N
F-A
Q.J
Q.J
'00
101*4
101
106*4
106%
28 100*2105*4
101*2Nov'98
M-N 108
M-N 130 *b 133
A-O
A-O
A-O
J-D
Jan
106*4 Mar'02
129
Sale
132
100
Sale
103*2 Sale
116*2 Mar'02
133 Ang'02
129
129
13134 Nov'0
99*2 100*4
100*2 Jan '02
90
103
1
103
*2
Dec '0:
71%
FA
128*4 Dec'02
132
118
110
100
94*2
118
J-D
11
71% 75%
72'
Q-F
F-A
109=
02 % 106*4
102 105*2
Dec '0:
102*flM»y'02
A-O
95
90
903,
72*2
J-D
J-D
34 135*4
09 *a 104*2
100*2 100*2
131
100% 104%
71% Sale
Q-F
Q-F
116*2116*2
133 135*a
129 ]36
I07*2.riv'oi
101*2 Dei '02
103*2
114*.
72
75
100
102>a
i'2'734
129%
Jlv'OO
Nov'02
Oct '02
Aug'02
118
110
100
100
Feb '02
Dec*02
94*2 91*2
115 119*2
122
112*a
U2*2J'ne'01
108
110
108% Dec'02
108
114%
Oct '02
102 Apr'02
110*4 Oct '02
109% Nov'02
102
Nov'»8
98 Oct '02
123 J'lv'OJ
101
102*a
101*2 102
108*2 J'ly '02
NYC
W
1
I
P
<fc
.110
A-O
M-N
J-J
J-J
102
98
110
M-S
101
95
96
I
1st con g 5s. 1032
V'6
1932 A-O
J-J
&
P gen gu g 4 *as ser A '42
Series B
L942
Series C S*as
L948
Series D3*2S
1950
EiieA Pitts gug3*as B.1940
Series C
1940
CI
103 34
10034
09
100
90 'a
92
130
Cent
Registered
109
*4
132*a
of
Guar
Guar
C St L
102% 104
101
10734
109*2
CC&
3"2S coll trust rog. 937
3*28 coll tr ser B...19
,
Dec'02
Nov'02
lo7%
119*2121 *a
118*2l27*a
11334 114*2
109% 109% Dec '02
1
101%
101% 104%
A-O
J-D
J-J
1942 J-D
1st gu g 4s. .1991 M S
Y
Missouri S«MoPac
Panama Lai a fond g4*aB. .1917
Sink fund subsidy gOs.. 1010
1'tiin Co gu 1st g 4 2S
1021
Registered
1921
JTac
104 7
103
103
102*2 Nov'02
115*a
M&O
St P
See N
See C
1
103
114
128
127
11334 Jan '02
J-J
St L
hio River RR 1st g 58.1936 J-D
General gold 5s
1937 A-O
Cal See So Pac Co
Ore
Nav See Un Pac
Ore
Ore Short Line See Un Pac
Rome See
Oswego
O C V it St P See C & N
pac Coast Co 1st g 5s
946 J-D
\V
&
RR &
&
A-O
MS
MS
MS
Registered
101 *2
74
75
J'ly '02
Dec '99
OInd &
12534 129
112*4116
116
111
112%.
J
J-J
Registered
1903 J-J
1007 J-J
Gold mortgage 3 *2S
Registered
1997 J-J
Debenture 5s of. ..1884-1904
Registered
1884-1904
Registdeb 5s of... 1889- 1001
Debenture g4s
1890-1905 J-D
1890-1905 J-D
Registered
DelK certs ext g 4s
1905 M-N
Registered
1905 M-N
Sakf Shore collg3Kjs... loos
Registered
998
Mich Cent coll g 3 'as
126*2 Dec'02
112*4 112
113 Dec '90
.
J-J
J-J
H
i
126
F-A
M-N
*9034 sale
PocahC& C joint 48..10 11
108%
1925 J-J
ScioV&N E 1st gug 4s 1989 M-N
North Illinois See Chi
N \V
\V
North Ohio See L Erie
CC& T 1st gug 5s
Nor Wis See
Nor & Mont
W
116
r
10 104 107*4
1 114
114
114
116*2
114
<fe
<fe
112% Sale 112
113 144 112 120
5 112*2114
Prior lien g 4s.. 1007
112*2 112*a
Nor Pac—
92 Sale
loo,
9 91
Registered
92
01%
95
103
General lien gold 3s
o20 17
*112
Registered
110*4 J'ly '00
a2047
CB&Qcolltr48 SeeGtXor
93 Apr '02
93
93*2
StPaul-Dul Div g 4s. ...looo
102 J'ly '02
97 102
Registered
127% 128 128
128
128 132
1996
StP&N P gen g 6s.. ..1923
127 Sep '02
127 128*2
'02
Registered certilic's..l023
97 100
97 Oct
St Paul iv Dul 1st 5s. ...1931
114 118*2
115% 114 Dec'02
2d 6s
91
91
1917
91 Oct '02
99 *4.
1st consol gold 4s
100*2 101*2
1968
101*aJ'ne'02
Wash Cent lstg 4s
1948
Nor Pac Ter Co 1st g 6s.. 1033
Nor Ry Cal See So Pac
104
Unified
103
Oswe& R2dgug5s...el915
RW&OTRlstgug5s.l918
Utica& Blk Riv gug4s. 1022
N Y Chic & St L 1st g 4s. 1937
Registered
1937
N Y & Greenw Lake See Erie
N Y & Har See N Y C & Hud
N Y Lack & W See D L & W
N Y L E & W See Erie
N Y* & Long Br See Cent of N J
N Y & N E See N Y N H & H
N YN H & Har 1st reg4s.l903
YO&
105 % J'ly '02
Sher Sh <fc So 1st gu g 5s. 1943
Registered
1st coll gold5s
98
82
9734
112
112
104*4
104
104
127*2127*2
.
May'00
105
JL&S
A-O
NW
N
Verdi
74
mn High,
114
11
MS
77*8 Sale
2 3 % Sale
J-J
I.
105
.
J-D
See Chic &
&
See Chic &
St P
& North See Ch
Minn & St L 1st gold 7s.. 1927 J-D 144
1909 J-D *ii5*2
Iowa Ex 1st gold 7s
Pacific Ex 1st gold 6s. ..1921 A O 122 4
South West Ex 1st g 7s. 1910 J-D 118*e
1934 M-N •120
1st consol gold 5s
102 *4 Sale
1st and refund gold 4s.. 1949
Minn & St L gu See B C R &
Mil
Mil
Mil
tic
.
Metropolitan El
Mex Internat 1st con g 4s. 197"
Mex North 1st gold 6s. ...1910
High
.
Cent
Mex Cent
January 1
Oct '02
105
Since
£-5
1980 F-A
105*2NoV01
N Y&Pulstcongug4s 1993 A-O
Nor <fe Mont 1st gug 5s. 1910 A-O
West Shore 1st 4s gu... 2361 J-J 112*2 Salt 112*2 112*2
112 Dec'02
Registered
2361 J-J
Lake Shore consol 2d 7s. 1903 J D 102 103 10:.% Nov'02
105 Oct '02
Registered
1903 J-D 101*2
Gold 3*28
1007 J-D 105*4 Sale 104*4 105*4
110*2Mar'00
1007 J.p 103
Registered
Det Mon cfe Tol 1st 7s. 1906 F-A Ill
114 Feb '02
Ka A & G R 1st gu c 58.1938 J-J 122*2
127*2 Feb '02
Mahon C'l RR 1st 5s.. 1934 J-J
140
146%Apr'01
Pitts McK & Y 1st gu 6s. 1932 J-J
2d guar 6s
1934 J-J 133
McKees & B V 1st g 6s 1918 J-J 12334
11 8% Dec '01
Mich Cent 1st consol 6s. 1900 M-S
128 J'ne'02
1931
5s
127 J'ne'02
1931 Q-M
Registered
110 Dec'01
1940 J-J
4s
106*2Nov'00
1940 J-J
Registered
1951 M-S
lstg 3*2S
Bat C & Stur 1st gu g 38.1989 J-D
115%Mav'00
N Y & Harlem g 3*2S...2000 M-N
Registered
2000 M-N
119*2 Dec '02
N Y & North 1st g 5s.. .1927 A-O 117
121*2 Dec'02
R W&Oconlstext5s./il922 A-O 120%.
101*2
99
Ask Low
Bid
Range
Week's
liange or
Last Sale
Price
Friday
Dec 19
Registered
110*4 110*2
1
.
L& Jett Bdge Co gug 4s.. 1945
L N A & Cli See C & L
Mahon Coal See L S & M S
STOCK EXCHANGE
January 1
Week Ending Dec 19
Low High N Y Cent & H R— (Continued)
115 110%
N J June R gu 1st 4s. ..1986 FA
N. Y.
Since
High No
Ask Low
116%Mar'02
125*2127*2
125% Aug'02
75 J'ne'02
75
77%
Bid
PensaeolaDiv gold 6s... 1920 M-R
St L Div 1st gold 6s
1921 MS
2d gold 3s
1980 MS
Last Sale
5
LXIV.
[Vol.
BONDS
Range
Week's
Friday
Dec 19
STOCK EXCHANGE
Week ending Dec 19
Y.
.
3
121
N& c Bdge gen gu
PCCiV-
si
1.
-11
i
B
j?
'v-
4
*as
v..
guar
1942
C guar
1942
D 4s guar
E 3 *2 guar g
L949
Pitts Ft W<fe C 1st 7s... 10 12
2d7s
1912
/(J012
3d 7s
Peuu RR 1st real est g 48.1923
Consol sterling g Os
1905
Convertible g 8»a8
1912
Con currency 68 reg...j/1905
gold os
1919
Consol
Series
Series
Series
Series
A-O
M-N
109*2 11234
97*2 99
122*2 123
Oct '00
102
.
109*2113%
Nov'00
118
F A
.1
J
J -J
J-J
11 5*8 J'ne'02
A-O 112*4...
A-O *
113*9 113 Dec'02
10'-2 Fiirol
M-N
106*4 N<
M-N 106
02
11434 116*3
112 115%
1
1
F-A
95*2
-
100*4
97*3
132
127-'4
131%
'4
97
104
105*4 Sale
103%
105% 687
103
102*4 106*4
103
111*4
93 H 232
J-J
J-J
A-O
M-N
100
97*2 J'ne'02
127% Oet "02
L£7S>4 Oct '02
130 Apr'01
106 De< 02
105% i 10%
J-J
M N
i
03*6 112%
Q-M
M-S
MISCELLANEOUS BONDS—Continued
on Next Page
Con and Iron
Telegraph and Telephone
I
Am Telep & Tel coll tr 4s 1929
J-J
Conini Cablo Co 1st g 4s..2,;o, Q-J
Q-J
Registered
Erie T & T col tr g 8 5s. 020 J-J
MetT& T lsts t g5s
1918 M-N
I
.
97*2 Aug'02
100*2Aj,r'O2
100*2 Oct '00
109
114
1
Mut Un
Tel Co See Westn Un
Y & N J Tel gen g 5s.. 1920 M-N
ret
No Westn Tele
W est lUi
West Union coi o cur 58.1938 J-J
Fd and real es1 g4%8...1950 M-N
11334
N
Mut Un
s
Clear! Bit Coal
See
<fc
111
Sale
103*2
110
103 34
111
13 109% 11 3*2
104*2 102 103^4 I09 s4
110*4 11 3'.J
J'ne'02
111
K
Friday; latest bid and asked this
103
93 *2 Sale
FA
115
.
II
\ aO
C
1
AC
1st 8
loal
lsl g
g 58.1951
sf 5s
I
.1
.1
.1
(
liirin
Di\
102
105*2
.1
Kurh A I'll 'A. UUr 111 5i
M-N
ivim Coal T Div Lsl g6s.ol917 \ (i
55
Nov'00
110%Aug'02
1.10% US
week, o Due Jan 6 Duo Feb
lot'.
105
*.i
May'97
Feb '02
Oct '00
L08
115
106
106*4
106
108
111*3
118
I
1
81
consol 6s.. 1017
J
.1
107*2N.>\ '02
110
110
L06
107
1
in
gu g Os. 1022 J-D
Cah C M Co
F-A
DeBarC A 1 Co gu 2
Wli L E<fc PC Co lsl g 58.1919 J J
100
tlnnalarluriiiK A IiuliiMlriul
aiihi Bicycle s t deben 5s 1919 M-S
1915 Q
Am Cot Oil xt 4*28
39
40
9g
100
<
e
J'ne'02
Ma) or
107
80
-
Kini.v
90*2
i
I
1st
N YC& H
Col C €& 1 Dev Co gu g 5s. 1000 l-J
Col Fuel Co gen gold 68.. .1919 M-N
No price
I
Pleas
1
Coal and Iron
Can Coal Mm -See T C 1
Nov'02
113*4 Oct '01
fund 6s.. .191 M-N
Northwestern Tel 7s
1001 J-J
Tel
Oct '99
97*2100*8 Col F & I Co gen s g 5s. .1943 FA
Conveitiliie deb g 5s
1911
100*2 100*2
De Bardel & I See T c a
Gr ifiv Coal A C lsl g 6s. .1919 A 11
102(1 J-D
114 114*2 Jell iv. Clear C A
1020 J-D
2d gold 5a
Due May fDucJ'ne A Due
1
J'ly
I
Nov'02
32
p Duo Nov
88
00
«
Jan
40
99*4
Option
100*2 104
'00
sale.
38
os
73
102
—
December
BONDS
Friday
Dec 19
Continued
1943
Consul gold 4s
Alles Val sou su s 4s... 19 l"
CI A Mar 1st gu g 44s. .1935
D K k RA Bge 1st gu 4sg.'36
G K A lex 1st gu g 4 4s 1 94
<i-
Ban A
MS
Peo
Peo
A
-
M-N
1st g 4s. ..1936
A
East
See l.
See C C C
1st g6s
Pek I'll
2d gold 44s
it
Pare
Marq— k
dc
P
M
1st consol gold 5s
Pt Huron Div 1st
A
A
F-A
J-J
J-J
L
St
I'.'-l
MU2J
q.f
1939
g
5s. 1939
43.1931
104
110
101
112
111
125
m
n
ao
fa
W
cV- Cli
See Penu Co
Pitts Ft
1922
Pitts June 1st sold lis
Erie 2d g 5s...ol928
Pitts A L
Puts McKees A X See N V Ceil
Pitts Sh A L E 1st g 5s.. .l'J40
1943
1st consol gold 5s
1917
Pitts A West 1st g 4s
certfs
Pitts Y A Ash 1st con 5s.l9'Ji
1997
Heading Co sen g 4s
121
117
Ill
111H»113 3<I
JPJl&Co
Registered
1997
Jersey Cent coll g 4s.. .1951
Rensselaer A Sar See D A 11
Rich A Dan See South Ry
Rich A Meek See Southern
1939
Rio Gr West 1st g 4s
Consol and col trust 4s .1949
Utah Cent 1st gu g 4s.al017
Rio Gr June 1st gu g 5s. ..1930
1940
Riogr So 1st gold 4s
1040
Guaranteed
Pitts
See
Rome Wat A Og
B RAP
See
1
Jlig/i
a-O *117
119
98
.
Oct
1124
j
j.j 101*2
*100
y. N '115k!
90 *4 Sale
j.j
j.
93
a-
130
lib"
112 115
111 1* 117
'01
1124
112*21124
Nov'02
119
121
98*2100
91
92
j.j
100 1024
101 Nov'02
100 101
120*2 Dec'02
111 1204
95 4
96'4 443 954101
92 Apr '01
93 Dec '02
92
98
A-O
a-O
j.q
82
j.j
j
.
Dec '02
91 \ Nov'02
37 Jan '02
114 May'02
99 102 *8
91 *s 9534
97
97
1124 115*4
80*2 82 4
91
94 s
.S3
804J'ly'02
94 *4 Nov'02
j
,
97
Nov'02
95
99*2
L A Iron Mount See M P
St L K C A N See Wabash
St L M Br See T RR A of St L
St L A S Fran 2dg 6s CI B 1900 M-N 105%.
2d gold 6s Class C
1006 m-n 1053».
St P A
S'x City See C St
106 Dec '02
108*4 Aug'02
.130*2 130 Nov'02
]
112*4.
115 Dec'02
97
97
100 Jan '02
94*2 94*4
94*2
121
125 1sJ'ne'02
85*4 Sale
85 34
86
j.j
j.j
J.J
A-O
J
.
M-N
A-O
A-O
105431114
95
Sale
j.j
94*4
84
Sale
.
137
.126
.125
J-D
W
Registered
Cent
Equip sink fund g 5s. .1909
1927
Deb 5s stamped
Rich A Meek 1st g 4s. ..1948
...1919
So Car A Ga 1st g 5s.
Virginia Mid ser C 6s... 1910
M-S
A-O
M-N
M-N
M-S
M-S
M-N
M-N
F-A
D 4-5s
E5s
W
SAN Ala
See
Stat Isl
1004
904
10038 107 4
128 Apr'02
133 4 Sep '02
115 Apr'97
124 4.J'ne'02
125 42 Feb '02
133 12 141*4
M-S-
1
124*sl25
124 58 125 4
12842
'
114
95
101
1123s
95
101
M-N
J-J
J-J
87
96
128
128
95*4 Nov'01
112*4 Nov'02
110
Aug'01
Oct '02
112*4
"S94
96""
8242 Sale
824
8242
101*4 101 34 101*2 1014
1124
104 34 Feb '06
82*2
100*2
90
97
Oct '02
96*4
100
Dec '01
J-J
A-O
Aug'01
11334 Dec '01
128 Oct '02
123 Dec'99
J-J
104
J-D
J-D
J-D
98
W 1st ret gu A.1940 F-A
1st gug5s.... 1941 J-J
Pac
1049
g 4s
Registered
1949 F-A
Mort guar gold 3 4s. AT929 J -D
Registered
/cl929 J-D
Gal Har A S A Istg6s..l910 F-A
.
2d gold 7s
1905 J-D
Mex A Pac IstgSs.... 1931 M-N
GUa VGA N 1st gug 5s. 1924 M-N
Hous E A W T 1st g 5s. 1933 M-N
Sale
9042 Sale
LAN
'4
.
.
.
119*4.
119*4.
108*8
10134 Sale
"
84 34 Sale
109 34
.1044 108
10S
IIOI4 Ajir'di;
103
109*2
112 Oct '02
108
103 Aug'02.... 103
.110*4 110
Nov'02
Mar'02
•_•:.'•!
130
122
1
13
3
4
127*a
137
123*2
1084
.
85
92
112*8113
112 4114*2
105*4 108*4
iio^iio^
119 4 J' lie'
107 Nov'
112
i
1084
19 4119*2
108*2 111
115 116*4
116*4 Apr'02
108
St
LM
119
Sale
94 4 Sale
108 4
116
119
00
105
118
111
1054
98
101*8
90
95
104
89*4
113
10S
110*4
112
106
107
113*4
114 115
92 a
4
118 34
122
99
101 "a
98*2
Sep '02
Dec'02
119
116*4 Dec'02
120 Nov'02
120 34 Oct '02
120
118
118
119
1134117*2
125
125
119
129
127 34
122*2
111*4 113*4
92 Sep '02
106 Nov'02
123 Feb '02
113 4 Nov'02
114 Sep '01
114 Dec'02
116*2 Dec'01
98 Apr'02
117 34 Nov'02
117
120
11034 120*2
118 12234
90
100
123
92
112
123
1134113*2
114
117*a
98
98
1
1734 121
J'ly'00
984104*2
'02
Oct '02
119
111
119
111
114*2
115*2 May'02
116*2119
112 34 115*2
102
101»4 Sep '02
101 34'101 34
LI 6*4 Sale
117
116
98
98
111 J'ne'01
114 Dec'02
113' i Nov'02
109 Sep '02
98 4 Sep '02
116
96
98 Sale
105 34
JJ
1124
j-j
A-O
114
107
J-D
A-O
J-J
J-J
83 4 Sale
75 34 Sale
112
104 38 Sale
J-J
M-N 104 58
M-N
J-D 100 4
Sale
:
100
1004
"4*7
Dec'02
Sale
115 Sale
94 5s Sale
115
115
9234
95
115 Nov'02
100
125
14 115
1
04 34
129*2
119*2
115
90
115
114*2
1144
115
107
100
1449
114*2 Apr '02
RR
122
102 34
112*2 114*2
113*8 113*8
107 1103a
94*2 98 34
93*2
91 Dec'02
91
82*2
70 82 4 92*4
83 4
137 75
87
75
77
99*2
98*2 Aug'02
07
Nov'02
1104 114
1 14
103 %
10434 no 103*4 100*2
101*4 In 103
1004
104*4
103
105 3217 103 113*8
105*4 Dec'02
105*4 106
1254 120
F-A
1940 J-J
1927 F-A
1908 J-J
1920 J-J
A
99
94
Dec'02
104 4 Sep
119
2000 J-D
$2000 Mar
A
A
N RR
122
94*2 100
1124115
120*4 121*2 120*2 1214
101*4 J'ly '00
110
Ills* Dec '02
A-O
Tor Ham A Bufflstg 4s./tl940 J-D
Ulster A Del 1st con g 5s 1928 J-D
nPacRRA Igrg4s..l947 J-J
V
Sale
113
125*8
Tex A N O See So Pac Co
Tex A Pac E Div 1st g 6s 1905 M-S
1st consol g5s
participating
Nor 1st 7s
Utah
Gold 5s
Uni
J
A C Co See Pa
Utah Central See Rio Gr Wes
Utah A North See Un Pacific
Black R See
Y Cent
Utica
See Mo F
er Val Ind A
* irginia Mid
See South Ry
1st gold 5s
1939
2d gold 5s
1939
Debenture series A
1939
Series B
1939
1st lien equip s fug 5s.. 1921
Det A Ch Ext 1st g 6s. .1941
l)es Moin Div 1st g 4s. .1939
Div 1st g 34s
1941
Tol A ChDiv 1st g 4s... 1941
St Chas Bridge 1st g 6s. 1908
Warren See Del Lac West
Wash Cent See Nor Pac
Wash O r
See Southern
WestN Y Pa 1st g 5s.. 1937
Gen gold 3-4s
1943
Income 5s
({1943
West No Car See South Ry
West Shore See N Y Cent
1st gOs.. 1911
Wheel's A L E 1st g 5s. ..1920
Wheel Div 1st gold 5s. .1928
Exten A Imp gold 5s. ..1930
1st consol 4s
1949
Wilkes
East See Erie
Wil & Sioux F See St P
Winona A St P See C
Wis Cent 50-yr 1st gen 4s. 1949
122
90
A-O
Registered
1947
1911
1st lien convert 4s
1911
Registered
Ore Ry A Nav con g 48.1940
Ore Short Line 1st gOs.. 1922
108
118"" i'ii"
1224 Jan '02
94 4
94
95
J-J
J-D
g 5s
108
1114H4*a
108 4 J'ly '01
118
119
115 Mar'02
1004 100*4 Dec'O
120 Mar'01
L
Bge Ter gu g
1st gold 5s
2d gold inc 5s
La Div B L 1st
May'02
111 4 Oct '0~
1034
1894-1944 F-A
5s. 1930 A-O
1st con gold 5s
121
11434
91 34
N
W
Wabash
Om
A
A
97 34
98
39 9734
89
904 154 89
95 Apr'02
94 sb
111 J'ne'01
3 105 100
101*2 101 4
99*8 J'ne'l)0
84 34
85
"l2 8434
1
.
J-J
Ry
4s
W
AAN
1950 M-N
1st gold 5s
1931
84 1„ 19
80
1935
A OC IstgSs
Western Div 1st g 5s... 1935
1935
General gold 5s
J
lstgu g 4s
1990
112 117
Kan A
1121s 112i*
137 4 Dec'02 .... 13378 141*2 Tol
1st gold 4s. ...1917
140 May'O? ... 139 140
pr lien g 3 4s .1925
Tol St L A
112 34Dec'0C,... 112 115*2
50-year gold 4s
1950
111
W
W
Con
77
80*8 81 34
90 4 Tol
80
106 May'01
107 42 Sep '02
1
00 4 97
I
105 34 Dee 02
108 Dec 'ol
110= e Jan '02
1.
193S MS
E Ten reor lien g 5s
192S J-J
GaPac Ry 1st g 6s
Knox A Ohio 1st g 6s. ..1925 J-J
1915 J-J
Rich A Dan con g 6s
Spok Falls
116*sApr'01I....
11338 Nov'02
113*8118*8
10242 102 4
102*2 109
M-N 113
J-D 102*2.
J-D
A-O
A-O
A-O
1/
1
s 6
.
J-J
J-J
W
112
J-J
J-J
J-J
j-j
Dec'02
12
h
100 34
108 34
A-O
M
PA W
A-O 1121s.
. .
Scioto Val A N K See Nor A
Seaboard Air Line g 4s ...1950
1911
Coll tr refund g 5s
1920
Seab A Roa 1st 5s
Car Cent 1st con g 4s. ..1040
Sher Shr A So See M K A T
SU Sp Oca A G See Sav F A
Sod Bay A So 1st g 5s
1924
So Car A Ga See Southern
So Pac Co— Coll tr g 4 4s.. 1905
Gold 4s (Cent Fac coll). AT 949
A Yad 1st g guar 4s. 1949
1916
Col A Greenv 1st 6s
E T Va A Ga Div g 5s. .1930
Atl
134
94
51
uar
lo2 '•.102 4
110 112*2
lii-v 114*3
iV;
1114.
Mem
110«s
125*8125*8
85 34 94 34
81 "a J'ne'02
j.d 84
j-D 100
j-j
J-J
j.j
J.j
95
111
Nov'02
Apr 02
1124 Aug U2
. .
M-N
B Fe Pres A Ph 1st g 5s. 1942 M-S
8 A A A P See So Pac Co
SF A N P 1st sink f g 5s. 1919 J-J
1st gold 6s. ...1034 A-O
Sav FA
1934 A-O
1st gold 5s
St Jolin's Div 1st g 4s... 1934 J-J
Ala Mid 1st gu gold 5s. .1026 M-N
1st gug4s.. 1036 J-J
Bruns A
SUSpOca A G gug 4s.. 1918
SO
110
. .
A Nor 1st g 6s. 1939
1st gu g 44s.. 1943
1184 SunbALew S«« Penn RR
ANY SecDL&W
101
Syra Bmg
100
'PeboAN SeeMKAT
93*2 98is 1 er A of St L 1st g 44s. .1939
107
130
114
96
100
Jan
So Low High.
113 Jan '01
1 05 4 Nov (il
N
W
M Ao
F
gulstg4s.l912 A-O
1907 J-J
gu g Os
1936 A-O
Guaranteed gold 5s
Series
Series
St
W
J-J
1921
1920
1931
General 5s
1930
Guar stamped
1st cy gu 4s. .1924
OA
West N C 1st con g 6s. .1914
101*4 Nov'01
96
=
1
J'ly'97
lOl^Nov'O
99
-
92
127 4 Peb'02
130 Nov'02
122 Sou '0
A-O
SAiA
Jlinh
92
M-N
Cal 1st guar g 5s. 1927 J-J
Pass 1st gug 4s. 1043 J J
So P ol Ar gu 1st g 0s...cl909 J-J
..cl910 J-J
1st guar g 6s
S Pot Cal 1st gOs.... ...1005 A-O
...1905 A O
1st g Os series B
1st gOs series C A D ...1000 A O
series E A F .193
A-O
1 st g Os
1912 A-O
1st gold Os
1937 M-N
1st con guar g 5s
1905-.. 1937 M-N
Stamped
S Pac of Mex 1st. g 6s.. 191 J-J
193 J-J
S P Coast 1st gug 4s
1905 F-A
Tex A N O 1st 7s
1912 M-S
Sabine Div 1st g Os
1943 J-J
gold 5s
Con
1994 J J
Southern— 1st cong 5s
1994 J
Registered
Mob A Ohio coll tr g 4s 1 936 M
Div 1st g4*2-5s... 1990 J
1951
St Louis div 1st g 4s
1918 J
AlaCen R 1st g 6s
1946 J
Atl A Danvlst g 4s
Lou-
U0 34
A-O
&
or
Last Sale
111
of Cal 1st
Ore
i'ii"
4
110
A-O 111
.1
Rutland 1st con g44s
1941
But-Canad 1st gu g 4 48.1949
Fere Marq
See
Sag Tus A H 1st s f 6s. .1913
— alt LakeC
g
St Jo A Gr Isl 1st g3-4s.. 1947
8t Law A Adirou 1st g 5s. 1906
2d gold 6s
1906 A-O
St L A Cairo See Mob A Ohio
M
J-J
Range
102*2 Dec'02
M-K
W
130*4
N Y Cent
General gold 6s
1931
General gold 5s
1931
St L A S F RR consg4s..'90
Southw Div 1st g 5s. .1947
Refunding g4s
195 1
K C Ft S A cong 6s.. 1926
KCFtSAMRyrefg4s 1930
Registered
1930
6t Louis So See Illinois Cent
1st g 4s bd ctts.1089
St L S
2d g 4s inc bond ctfs...#1980
TrustCoctis
1932
Consol gold 4s
Gray's PtTer 1st gug 5s 1947
Bt Paul A Dul See Nor Pacific
St Paul M A Man 2d 6s... 1009
1st consol gold 6s
1933
Registered
1933
Reduced to gold 44s. .1933
Registered
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 4s
1937
Registered
1937
E Minn 1st div 1st g 5s. .1906
Registered
1908
Nor Div 1st gold 4s
1946
Minn Union 1st g 6s
1922
Mont C 1st gu g bs
1937
Registered
1937
1937
1st guar gold 5s
Will A S F 1st gold 5s.. 1936
St P A Nor Pac See Nor Pac
1
HE AWT
Ask
Hid
(Continued
1st gu 5s red. 1933
H A TC 1st g 5s int gu..l037
Consol g Os int guar. ..1912
Gen gold 4s int guar. .1021
Waco A N div 1st g Os '30
Morgan's La A T 1st 7s. 1916
1920
1st gold Os
No
107*2 Oct '98
120
southern Pac Co
N YTAMex
101
Oct "oo
121
Dec*02
112 Hi Aug'02
Ill's Dee '02
•122
a-O *112*2
j
1114
111
1.37* "NoV*97
.j
,j
Dec '02
LSOVFeb'02
fine Creek res guar 6s. ..1932 j.q
Puts Cm A St L See Pen n Co
Pitts Clev A Tol 1st g 6S..1922 A-O
Roch A
January
Low
A'o
h'ange
Since
eek's
II
Friday
Dec 19
N. Y.
117" May*o6
vI-.\
g 68.1920 .\-0
SagTusA H lstgua
High
Price
STOCK EXCHANGE
WEEK ENDtxt; DEC 19
Since
a
102 Nov'97
112 34Mar'0O
)
UXJ RR& Can gen 4s. 1944 MS
Atl
Nasli
Peusacoia
5
2; j?
M-N
i
Lewis
or
Last Sale
Ask Low
Hid
/
i
Range
1343
BONDS
Range
Week's
Price
STOCK EXCHANGE
Wekk KM'iNi. 1>kc 19
BR
2
1
Bond Record— Concluded—Page 4
30, 1902.]
N. Y.
Penn
—
9
J
1
W
A
W VaCentAP
A
M-N
116
107
F-A
J-J
J-J
117
108
1014
74
Sal6
115*4
115*2
107 4
100*4 Nov'02
71*4
75
107
1044 1044Dec'02
110*2....
1104 1104
M-S
J-J
"'"5
May'05
83*2 83*4 Nov'02
98 Mar'02
109
109
96
J-J
A-O
M-S
A-O
1099
83
97
A
Nov
118
98
35
J-J
111
1144 Jan
98
109
40
J-J
F-A
91
J-J
91*2 Sale
Sale
1124114*2
'02
Nov'02
Sep '02
111% Oct
M-S
118
Mar'01
113
113
A-O.
98
111*2
121*2
98*4 102
119*4 Dec'02
993g
99*4
J
104
664 89
104 4107
109 111*4
97
95
83*4 89
113
115*2
1124113
'05
91
91*4
90 34
91 34 197
28
MAM
ANW
11138-111*8
91
97*a
88
95
Ml.-sCKIXANEOUS BONDS—Concluded.
manufacturing &. Industrial
Am Hide A L 1st sfg0s..l919 M-S
Am Spirits Mfg 1st gOs.. 1915 M-S
Am Thread 1st col tr 4s. ..1019 J-J
Bar A S Car Co 1st g 6s.. .1942
Consol Tobacco 50-yr g 4s. 1551
Resist ered 4s
951
Distill of Amer coll trg5s.l911
Graniercy Sug 1st gold Os. 1923
111 Steel Co deb 5s
1910
Non-conv debeu 5s
1913
Int Paper Co 1st con g 6s. 1 018
Knickerbocker Ice (Chicago)
1st gold 5s
1928
Nat Starch Mfg Co late: 6s 1920
Nat Starcli Co s f deb 5s.. 1925
Stan Rope A T 1st g 6s... 19 40
Income gold 5s
1940
1
US
J-J
F-A
F-A
J-J
Miscellaneous
94
974
A-O
J-J
A-O
F-A
94
86
82
94
Dec'02
100
994
108
A-O
M-N
Sale
95
loo
65
LeathCosfdebg6s..l913 M-N
10
111
Friday; latest bid and asked,
07
Sale
00 4 Oct '02
98
98
99*e Apr'01
99 Jail ".V.\
100 May'02
108
108
93
90
80
62
9*2
4
J'ne'02
'00
"04" Sale' 105 Jan 3
00*2
04 4
J-J
F-A
•No price
Sale
87*2
85
1498
94
80
82
100
60"
"69*j
914
S3
.
lloboken
100
13 107
100
112
10
4
1
110*4
95
74
34
1
Deo '02
104
Id
LA
gold 5s. ..1910
Mad Sq Garden IstgSs. .1919
.Man Boh H A L gen g 4s. .1940
N ewp Ne Ship A D D 5s cZ1990
N Y Dock 50-yr 1st g 4s.. 1951
St Joseph Stic Yds 1st 4 *-2S. 1930
SI 1. Ter Cupples Stat'n & Prop
Co 1st g 44s 5-20 year. .1917
s Yuba Wal Co con gOs.. 1923
Sp Val Wat Works 1st Os 1900
U S Red A Ref 1st s f g 6s. 1931
11041104
a Due Jan 6 Due Feb cDue Mar dDue Apr
111
774
A
J-J
MAMSt Yard colg5s.l91f> A-O
gr incomes.. 1911
Det
98
95
73
55
. . .
ChicJc
064
86
Oct '02
Nov'02
105
W
B'kl'n b'erryColstconsg5s'46 F-A
65*2
13
Aug'00
05
10
Adams Ex col tr g4s
1948 M-S 104
Am Dk A Imp 5s See Cent N J
Am SS Co of Va g 5s 1920 M-N
g
Due
I
J'ne A
Due J'ly
k
6
4
M-N
M-N
M-N
Sale
103*2
104
100 34 J'ne'02
7S Nov'02
111 Mai'ol
82
864
30 1034107*2
100 34 101*2
78
65 4
39
J-J
91*4
50
50
Feb '02
38
95
Dec'02
90 4100
J-J
F-A
30
'
94
102
J-D
101 Feb '97
1134-T'ly'OO
85 Dec'02
J-J
M-S
105
Duo Aug
p
Due Nov
q
Due Deo
844 8934
s
Option sale
'
1
'
1
4
1
e
c
e
c
2
2
'
1
,
BOSTON STOCK EXCHANQE-Stock
Share Prices—Not Per Centura Prices
Monday
Tuestlau
Dec. 15
Saturday
Dec. 13
Dec.
77-.
79 4
97% 97
258
260
i4a% 150
»10:;
i
.
55
'46
155
126
154
160
280
142
64 %
*24
-79
964 97
*90% 90%
94 a4
•113%—.
34
034 94
221-2
200
206
80
*80
66
"21% 22m
224 224
224
80
82
814
83
65
25
81
232
*206
814 814
814 814
*24
25
'79
81
* 103 4 105
103% 103%
95 3
93%
933b 97
90 12 91
90 34 90 34
25
91
11341134 *113%...
1134..•23% 24
*48
20
77
5M
194 194
19
20
76 4 704
20
79
54
53,
•77
54
54
s
,
m
764 764
-4
4%
*124
55
126
56%
74
*7
265
170
37
83
185
265
•174
37
83
*
764 764
-4
414
-124
55
7
•260
*174
55 J4
7
265
176
36% 37
83 4 84
8
2674
176
38
84
185
xl80
"1%
2
2
87
•20
136
29
225
•224
135
•225
4
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27
12
314
794 81
90
97 % a a
95
95
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97
2%
55 %
*
4
—
......
2
4
4S.
7
7
26
26
•60
.
436
15
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6 34
-35
1%
127
127
1
-1 34
•22
-34
102
*1%
14
9 '4
•15
64
*-25
1%
5134
•37
•126
1%
16
52
23
378
102
2
57
••75
'2
0%
•30
6314
40
127 4
1 34
1
-ir>>.i
65
,
53
7%
2%
"
13
4
53 34
38
38
127*31274
•1174
J
<
2 34
10
13
9 34
12 J4
2
S
2 7j
8
3
14
7
4
37 4 374
5
23a
24
2»ie
'
53 J4
37
127^127^
U.8I.,
Hi
-00
'.II
8-4
43
<
0%
8
•27
134
•95
102
13
13
24
2%
57
.!
7.4
4
ISO
Last sale 10
15% 15'8 154
7
1%
l
10
13
•7
140
'of
8%
20%
30
207e
13
1
2 2 34
4 34
3%
58
58
1
•75
4
23'.,
4%
:-,
58
75
141
"ii'l""'
84
8%
"
1,73
140
7
21
2()7e
13=8
11'-
13
23
4=8
3 34
414
4
44
44
8
21
13 78
21
4=b
4*8
•58
50
58
1
1
1
6 Before pay'! of assess' ts called
during 1901.
J'ne
1
Dec
165
286
148
May
Apr
Nov
173
45
96
J 'ly
J'ne
29% May
217% J'ne
173 Nov
231 J'ne
212 4 Apr
95 Nov
89 Nov
120 Dec
/,
« s
t
55
.
4
\],r;;d
41
4 Sep
250
10%
4s
155
J 'lie
Aug
34% J'ne
91
Jan
11
.Mar
Aug
3H
Jan
Jan
Oct
J'ly
4
'.
:
Aug
Mar
Feb
Mai
Jlyjs
177
27
Jan
1
Sale
8
Do
Elm River
2
25
1
u,.
2i4n Menu
1*4
154
234
25
eal
1
iSt
Coke 25
Boston..
lid
1
24 Ss
2.7
Dominion
(Cop)..
25
Parrot iSilv ,v Copp) Id
I'liu-nix Consol
25
Quinoj
isoeola
1
[eland
nil..,:,-
1%
9
I
ii>)
1
Shannon
1
91
I
.1111.11
4%
-
LI
25
ii
1
42
.1
1
1
in
i;,ii
<
1111112
}tati
v tr 01
1
d Before pay't of assess'tsoalled during 1902.
11
2
1
137
48
Nov
30
Sep
34
Jan
Jan
Sep 22
Sep 22
iel
02
'4
Nov
9
.Mar
May
Maj
74
Jan
2
Mar25
'.iu'21
10% Mar
2%J'ly
Dec
46
33
May
\pr
M ay
86% J'ly
4
Oct
124
14
3
2
1
5
ell
I
3%
14 J'nel
14
1
Eob
(i
101
is
May2
Eeb
Mar
J'ly]
Jan
Apr
Dec
4
J'ne
1
Deo
Dec
Mar
7
25
8
50
-Mar
;
',
1
May
1-'
Sep
Jan
4 J'ne
4 Aug
&5% Feb
Jan
&22
lot
1
1.
20
Jan
Sep
60% Sep
Feb
44 Dec
4
7
Jan
5%
I
ieo
Mig
.1.111
3
Dec L20
2
3
230
Mar
Sep
58
Apr
Dee L87
Apr
HI
Iel)
I"-'
Sep
4 May
10% Apt
Dec
I
619% Jan
10 Dec
Si
\>
63
B"eo
68
S< p
J ne
4
1
"94Jan "ii" Apr
.1,
(let 2
8
I
Nov 18
||
1
1
7
"Bid and asked prices.
13
4
1
.
eu
i
Jan L20
Dei
34 J'nel
.
4
dl
!
Dec
44" Deo"
28 Nov
32 May
37
J
'
.1.111
Nov
125
17
is' v
s
•12
Aug
134
1 14
27%
May]
•'
Novl
8
1
34
1
\pr
Dec
1
SO'
6
Jan
1
Mallll
25
l%Max
K 4 Dec 34%
11
(let
Aug
4 May
•12
.Mar
104 J'iyi4
4.28U
Mar
,
431..
Jan
1
5
Mai Id
ran 3] 50c.
281
Jan
Jan
l:;
1
,v
011i4 Oct
535 Dec 860
24 Dec
Nov 17
Si p
154 Jan
Dec
184 Dec
Sep
6
Id
13 14
1
1
4
Mai Id
1
14
Jan 26
Dee
27
^ep
33
Dec
50c.
111
'-J
"23U
91 "Dec
61% Oct 66%
60% Dec
3 J'ne
j'ne
2 Nov
9 Feb 18 Apr
29 Dec 53 Apr
Mar
3 4 Dec 2
114Dec
214
1.'.
S
69 4 Jan
L08
2
4 Mai-
25
-
-
4 Sep
Jan
5% Jan
Sep 29
Jan 6
510 144 Nov 10
202
Nov 12
7
640 21
Novl9
120
3
82 100 Nov28
1
J'ly
ls-',
Dec L6
,\...
1%
III
110
J'ly2
•75
•1
56
1
Jan
Jan
Jan
54
66
.
T*ly26
.
4 J'ne23
14 Jau lii
7 4 >ec
2 4 Dec .d
1
200
166
Mat 6
Api 23
l%o
1
4
9»4
ij'i'oo
Con (Gold)tr re 4*8i
erine
1
Jan
54
1
5,154)
al&Oil 26
w yandol
May
I'Vl'
.Uarl7
7
2,141 d27
800
3
\
\\ 'ni\
-Mar
29
29
seii
33%Apr28
Jau 2
1
100
lopper
25% Dec
23 4 Jan
17
1S>4 Alar
550
1,532
iiuty
mi. >d
Ictoria
4 7 ie \\ iin mil
1
10
10
mmountain
8
59
1
1%
2.7
Santa Pe(Gold<S
Dec 110
1011
iet
1
Jan
30%
1
Deo
650
April •12 .Ian 20
Jau 14 28 MarlO
Dec 4
8% May 3
Apr 24
2
Jan
•25
2.7
'.'.">
•_;»',
4»4
5
9
84Novll
Jan 2
4 Sep 10
11
1,135
1,390
2
Coalcfe
National
Old Colony
*
'
5
-120
"285
Montana
Oct
7;;
57i4Mnv
I
J ly 2
1
15
Decumseh
8
20% Jan
50
304 Mohawk
225
5%
Apr
Sep 22
117
t'4
396
1S5
Merced (Gold)
Michigan
'02
74
.1.111
j'an
2%Marl0
:
7,108
25
tin
91
225
605
Maylli''\ er
1.
146
10s"
Mar
Jan
<
3 34 Apr 8
Dec 5
ly 14
21 Novl 5 35 Jan 33
'496
34 Jan 4 i:u,
250 •37 4 Decls
1
J,
12
Franklin
::;
74
,
pref
Xov
Jan
27
2
311
7
:.
20
100
100
Feb
14 Dec
Dec
12, 4 Jan
1
14 Nov24
120
•10
Guanajuato Consol..
Isle Royale (Copper).
Mas- Consol
10
l
2«ie
1
A.pr
24% Apr
111
J'i\-21
.
135
2
36
•4
4
118%
88
1
L450
Daly- West
Dominion Coal
2
*4%
'•7.7
May
173 4 Aug
VJ Apr
99
Dec 152% J'ne
Dec 130 J'ly
Jan 182 May
153
3% Apr
'...;,
12 4 Decl6 d 244 Apr 28
AuglS 4 34 Mar
2
53 4 Novl5
eh
866
1,738
10,951
38
84
•8
*2 4
Last
Dec '02
30
214 214 214
14
13% M
14
24
Dec
17.2 '..Alav
1
2
ml mental Zinc
25
4 Copper Range Con ColOO
.
s
02
91
8
Dec
61
108
I
<
1
125 4
117 3
58
*-75
Apr-
Apr
Apr
let
.
79 4 Deo 1
Jan 7
100 724 -Marll 112 4Aprl5
490 22
33 4 Apr 4
449 91 3
106% Apr
10 864 Jan 11
V|.i
89 Jan 20 117 Apr
300
Tr !o rects.. in
2,675
Mercur Gold...
(Jons
7
2%
11
"95"
20*4
Apr
2
3,787
Jatalpa (Silver)
(
t
iio"
8
J'ly
Apr
200% Nov
70% Alar
4 Eeb
da\* 6
130% Apr 30 L29%Nov
Jan
Nov 14
82
I
•in
Centennial
Central Oil
L5
II4
30
23
Mm&S
1
"95
*28
May22
3 34
.
Apr24
ii
38%
8
24
794Dec
28
1354Alar31 103
112
Mar- 1 185% Apr
151
Dec 6 17% Jan
14
12
i
1
5
*4
Oct
20
37 34llay22
1
Bingham Con
28
Dec'02 Bonanza (Dev Co)...
Apr 02 ISosio:i quicksilver)
Colum (Ltd).
Deo 'OS
Calumet & Hecla
54 4
36
24
7
Lruold
25
Atlantic $9-80 paid.. 25
""i%
10
124
4
13
*
14 14
Last Sale 4'"
7
25
conda
•50
84
2%
*8
*24
Sni. 25
<fc
Arcadian
Las l Sale 16
5
24
Am Zinc Lead
7
*
53 4
38
38
1264 126 4
*1174 119
2
23
4 Allouez
58 Amalgamated CopperlOO
Nov'02 Amer Gold Dredging 5
2
6
I' 3 ,,,
37
7
•4
13
4
4
6%
•30
pref
Mining
Adventure Con
Dec'02
7
10
10
Do
Dec'02
••37
l-%2
100
25
Teleg.loo
100
Mtg... 50
50
&
Do pret
Westing El &
'.IS
7
"204 264
27
Last Sale 60
Last
5
Last Sale 6
2=8
124 134
• H
14
4
364
••37
84
2°8
2
1*8
r
141
3
loo
pref
West Telep
22
>
1
Do
Do pref
84%
90 West End Land
8
'224
Last Sale 21
34 3 4
1 34
"8
22 4
08 4
96
•30
634
37
83
Last Sale 2 4
•1
14
"T"
1
*l
"*l"
15i4 1534
16
•15%
15% 16
154 15"8 16
•50
50
50
514 50 4 50 4 504 504 51
22 '4
•22
22 4 22'»4
23
22 4 22 14
23
3i4
•34 4
314
34 3 4 -34 37,
1014 llll
•101 105
105
•1014 105
104
101
-134
•134
»134
2 4
2
a s Sale 2 34
2
1
14 •14 1 34 •14 l a4 - 8I4
1 4
1%
•8
9
*8^
9
»%
*84 9
2
.1
9 34
180
*
1
"6 4
7
•30
1 34
10
•7
7
37
5
"76"
10
32 4J'lv20
91
2
430
153,
1 34
118
is
-1%
3
7',
7
•30
'ii.
14
37
•4
100
100
10
T-l 100
S4'J H
180
•90
2%
50
1.
1%
9%
20 34 207,
13 '4
22 8 23 14
4 ;,4
3
:i 4
64
•35
l aB 32
23a
"95
"s'%"
154 16
15 4
4118
7
••50
*
"Vg"
1 3<
142
142
r
430
14
2
•20*" '204
•70
••60
3
"-'5"
6
430
10
13
2^3
"l""
*15%
•70
4 •374
••10
37 4 38%
-4
5
*50
••60
•37
1.,
7
7
4
Apr
100
248
200
176
307
162
35
1
Last Sale
4
435
11
-14
•3 4
435
27,
11
*13
13
2
'•10
8
2%
98 14
24
13
2V
8
4
007. j- ne
4 .May
1117
2177
3%May
Nov'02 Boston Land
12 122 4 Apr 4
126 Cumberl Telep <fe
7,205 25 .Ian 15
20 Oct
55%
564 Dominion Iron & St
714
Novl
7
dar2,
7
Nov
7k East Boston Land...
9 24 4 Jau
207 4 2674 Edison Elec Ilium..
Hay 9 217 Jan
197
let 13 332 34
176 General Electric
184% Jan
100
:;s4
769
Vovl5
384 Mass'chusettsGasCoslOO
2
•90
56
430
•117
is
55 3
430
.
52% 53 4
37% 37 4
24
ii
I3
Amer Pneu Serv
Do pref
1254 Amer Susrar Kefin
Do pref
1194
1624 Amer Tele)) & Tele
13 Amer Woolen
Do pre!
77
25
126
7>4
Last Sale
7
*3%
4
-70
••10
I
82 4 84
13
13
•o
15
*-25
98
*89
*90
2
•
3
436
•7
"22""
23
99
96
96
23
;;
8%
i
2074
81 's 82 14
-75
•60
Last Sale
2
-90
'37 4 75
'264 26 4 '204' 20 4
•75
.
•
•34
•50
•75
13
4 77
pref
3.1
23
98
loo
100
7
•50
1
76
Do
6
6
'
1,170 19 Dec 15
643 764Decl5
100
173
4 Jan 21
50
217 21 J'nelO
50
100 32,722 112%Novl2
896 115 Jan 4
100
A.mer Agricul Chem.100
20
78
74 170 Jan
Mersenthaler Lino. .100
470
2 Mexican Telephone., lti
1% Dec 12
13
87 *
Xovl3
87
87
87 NECotton Yarn pref 100
60 l:;., Jau 2
'137
138 4 130
139
-iirf" 139
N E Telephone
100
28
Last sale 21
Dec'02 Plant Comp new com. 100
•224 227
61
Jan
Pullman Go
225 225
225
22.7
100
*
•9 34
10
Jan 23
934 Reece Button-Hole.. 10
6
<A
'123" 124 Swift & Co
123 4 125
120 123
LOO 1,048 100 Jau
t Sale
27
Oct y
Las
-\.jv'02 Torringrton Class A.. 25
6
*28=«
10
Jan 23
.f20'4 29 4
*28%
Do pref
25
li4 Augl5
"14 1 34 Last Sale 14
Nov'02 Union Co), LVd<fc Mg. 25
ran 8
110
108 1084 109 4 110
LOO 1,099
1104 United Prait
395 •10 Jau 2
48
48
•474 49
*48%
United Shoe Mach... 25
49
31
31
31
31
31
Do pref
29 Jan 2
31
25
150 11% Jan 25
12
12
U S Leather
100
.1.111
Last Sale 89 >i Dec'02
Do pref
100
Last Sale 16
13 4 Jan 25
U S Rubber
100
35 49 Jan 2
10(i
504 50 4
Do pret
"3434" U S Steel Corp
31
33 34
32% 33
100 15,487 29 4 "D
124 134
2i4
2%
55% 56 4
2%
54i8 55 4
55 3
774
22
25
12 '4
124% 126
11734 119
1184
100 1614 1614
2
"90
os
*93
•93
98 34
96
96
*2%
2%
•19
79
175
175
38
384 39
84 4
84
*177
180
2
81%
81 38
'
12 34 12 34
13
13
32
4
22
22
98
*90
•90
23
31
30
•80
•80
*
Miscellaneous
'
f
30% 32 4
804 81%
'
•
20'
•29 % 29% *29% 29-<„
•14 1 34
*14 V'i
*14 1%
106''8 107
1074 108 4
1074108
47
47
47 4 47 4
»47
49
3
30*8 30 34
30 34 31
30% 30 4
ll a4
1
.
,
,
1164 119 4 120
122
27
120
94
-9 34
*9 34
*7 4
7=8
'265 267 4
180
*i*354
•20
28
225
25
227
*
2
414
374
Highest
m4
126 "125
54% 56 4 65 4 "55%
172
87
»135
•4
120
"664
•37
185
704 764
4\
Lowest
1
13%
>
704
76
*4
125
56
•7
265
176
87
2
*
*
•12% 13
12
12
Highest
99 %
Do pre!
259 Boston & Albany
153 34 Boston Elevated
Boston <fc Lowell
Boston <fe Maine
22
1214124=8
120% 120% 119 120 4
117 1174 1174 1174 1174117
1174118
3 1594 159
100
153 4
157% 159
1584159
*
lor Previous
Year (1901)
'
•78
22
21
Lowest
Shares
Hanye
1
964 Sep 9 42% Jan
100 1,027 954 Mar 12 106 Sep 2 80 May
22 564 Dec 8 :66 May 9 251 Jan
100
369 149 4 Dec 13 1734 Marl 150% Jan
153 153 4 15 3 4
100
•2384
16 236 <J'nel3 248 Apr 8 238 J'ly
238
100
•193
14 1904 Nov29 209 Apr 28 189 Dec
19341934
100
•175
•175
40 171 Oct 20 183 Apr 26 168 Feb
Do pref
100
Last S a I e 300
Nov'02 Boston <fc ProvirlencelOO
2974 J'ne20 307 Mar26 297 May
1 00
10 150 Sep 30 172 Mar26 1434 Jan
153 155
157
123"" Dec'02 Chic June By & U S T 100
Last s a
123 Nov26 136 Mar26 126 Jan
Do pref
106 200
1964 '106 4 Con<fc Mont Class 4.. 100
196 Nov24 202 Jan 27 198 Jan
Last S a I 162
Dec'02 Conn & Pass Riv pref 100
160 J'ne23 1664FeblO 160 Jan
280 ....
280
280 Connecticut Kiver...lO0
280 Od 22 295 Eeb 6 276 Jan
105 141 Dec IS 148 Marll 139 Jan
141
142
Pitchlmi-K pref
100
Last Sa
^.94 " Sep '02 Houston El'tric com. 100
47 J'ly25 50 J'nel2
Jjast Sale
Dec'02 Maine Central
172 Jan 7 784J'lyl0 166 Jan
100
3514.
344 35
35 4 Mass Electric Cos
100 2,536 33 Dec 12 45%Apr21 24 Jan
117 92 Jan 13 99 J'ne 6 77 4 Jan
92% 93 34 03 4
Do pref
100
93 4
Last ? a 1 ?24 Dec'02 Mexican Central
224 Dec 1 31 Mar31 134 Jan
100
39 210 Jan 31 254 Apr 28 201 Feb
225 225
224
N Y N H & Hart.. ..100
Last sal 175
170 .ran 14 17.7 Jan 3 163 Jan
Nov'02 Northern N H
LOO
Last
232
230 Jan 9 38 Apr 3 223 Jan
Nov'02 Norwich & Wor pref 100
B206 206 •206
6 206
Decl6 217 Apr 4 205 Jan
100
OW Colony
178 68
;\
81
814 80
100
80 Pere Marquette
f20 854 Sep 10 30 Jan
L
160 70 4 May 19 91 J'l\-30 70 Jan
8U4 81 4 *8l
83
Do pref
loo
450 64% Dec 15 125% Apr 23 8
0,'s ii;v
08
ButlauU pref
Jan
68
100
Last S'a < 25
Nov'02 Savannah Elec com. .Kid
25 Nov 3 31 J'lySO
Last Sale 80
Dec'02 Seattle Electric
loo
58 Jan 8 90 May 13 42 Auk
•103 4105
112 103 Oct 6 110 Marll 98 J'ne
103 34 104
Do pref
100
97
984 98k
Union Pacitic
100 3,735 93% Dec 12 113 Aug26 784 -Tan
984
100 86% Marll 04 4
914 914 *91 34
92
Do pref
100
82 Jan
Last Sale 174
172 Jan 15 L78 J'lvM 172 Nov
Nov'02 Vermont & Mass
100
0438 94 4 •94
42 924 Oct 4 99 Marl8 02 4 Jau
50
944 West End St
*1134
12 112 Sep 1 117 J'nel6 110 Jan
'1134
Do pref
50
Last Sale 274 OctT'02 Wisconsin Central. ..100
194 Jan 28 34% J
17 Feb
Last sit
7,7 4
Sep '02
Do pref
100
39% Jau 28 55 4 Sep 4 404 Dec
Last Sale !45
145 Novl', 1524Mayl2 150 Aug
Nov'02 Wok Nash<fc Koch.. 100
194 20
20
79
54
6
21
122
21
120
48 4
19
•78
79
•54
Range Since January
1902
I
964 06 4
90% 914
94 34
•941-2
674
1034105
.,
*944 94 34
...
...
*65
•24
•89
07
99
2584 259
1
34
94
'211.2
204*4 207
142
48
46
EXCHANGE
the
I
200
•141
334 34 1*
*222
•80 34
*S1
L26
*93
*204 214
156
196
160
142
48
*46
223 "2225
*232
*207 209
*80 34 81
•81
82
*69
70
*24
25
*79
81
*103 10
300
154
196" 200
33 % 33*2
94
94
33 34
mo:;
L75
L93
142
48
1-11
93-4 944
94 a4
152
238 4
200
196
1 60
2 SO
280
142
48
33%
152
oj
Kailromls
82% Atcli Top cfc Santa, FelOO 10,060 74% Jan 27
82
98 78
Sales
BOSTON STOCK
Friday
Dec. 19
824
81 4
98
258
93
260
260
150
150
155
126
*196
*100
280
142
-40
80=8
I
175
300
L75
300
153
1
'.IS
L93%
.:
170
155
8OI4
79 78
2384 238
•238
176
79i.|
96 34 97 4
258 260
L50 150
1.
STOCKS
Thursday
Dec. 18
Wednesday
Dec. 17
16
Weekly and Yearly
Record, Daily,
Aug]
1
p
Now stock.
4 Mav
l%Dec
44 Dec
May
1
3
12
Id
Mai
>ep
Sep
Feb
tAssesament paid.
5
December
J
1
1
BUNDS
s.s
BOSTON STOCK EXCH'GE
Week's
Pric?
I.
t'rul ail
^ *S
Dee 19
Ask
!
MS
A-O
-
Adjustment g 4s
Boston & Lowell 43
Boston <& Maine 4 as
J
Nox
'lj
1901
Improvement 4s
Mon 3d issue
Bosl
100 % Sale
89% 90
89%
1
s
Q-F
80
8
M-N
J-D
m>
W
MS
1906 M-S
1904 M-S
1927 M-S
6s. .1933 A-O
Eastern 1st gold 6s
Fltchburg 4s
4s
Fremt EttA MoVlst
Unstamped 1st 6s
1933 A-O
Gt Nor CBAtj coll tr 4s 92 J-J
86
1
V
'"'i
99% Xov'l'2
90%Nov'02
109
132
110
<>
03^
May'02
92%
bale
9334
61
92%
92%
me
2
Tuesday
Dec IH
90
Vermont & Mass
West End Street Ry g
Gold4%s
9
1
F-A
F-A
J-J
.M-N
J-J
J-J
96% Wisconsin Valley
*
F-A
lot
105%
1
J'ly'02
1
lis
73
22 h
.-
>7,|-
't
UK
84%
35 3<
2
'-2
i
10+
103
ll
5
3034
1
M
'4
8
104%
J.
104
105
104
105
1 03
Jo.-,
107^ I0734
I0934
L06
107
104
100
123
105
100
102
i
s
'.j
102%
128%
107
101%
I0334
97% 97%
104 B4
107
L08 34 J'lv'Hl
102%Nov'02
L02»4
102
108%
1
109
Sep 'te.
Oct '02
Friday; latest bid and asked.
Daily,
1f
:,
4
100
100
100% 101
107
108
104% 104%
103% 103 34
103% 10b%
31
11934
Trust Co.
H934
ctts.
Weekly, Yearly
liange Since January 1
Sales
the
102% 103%
10234 113%
107% 111
100
101
108 J'ly'02
104 14 Aus'02
103 4 Oct '02
104 14
104
87%J'ly'01
34 Mar'02
119
I0414 Sale
Range
lor Previous
Year (1901)
1902
of
(For Bonds and Inactirt
Friday
Dec 19
1
J-J
lst 7s..l909| J-J
ACTIVE STOCKS
110
M-S
5s. .1902
Xo price
111
'-j
91
1
97%
>4
los
22"22 %
2] %J'ne'02
83 Sale
83
83
104 Mar'02
102*" 102% 102
102
104 Apr'02
105
Feb'02
104 Nov'02
107 34<)et '02
106 Oct '02
106
104
104 Oct '02
112 May'01
100% Oct '02
124 '4 Nov'02
105 Oct '02
100 J'ne'02
98 100 102 Mar'02
97
97
98
Aug'02
105 106 104% Dec'02
M-N
M-S
1903 M-N
1
5s.
5s
126
)
:.;
J-Il
Exchanges— Stock Record,
Thursday
Dec 18
90
1
L905 J-J
L905 J-J
1
Centum Prices
Wednesday
Dec 17
121%
12 s
Hi",
A-o
1908 A-O
1915 A-O
1st lien oonv 4s
United Fruit eon v sen
112
Sale
110
104
M-N
1914 M-S
1916 M-N
110% 111%
Gold debenture 4s
1917 F-A
135% 139
Gold 4s
136
188
Western Teleph <fe Tel 5s. 19321 j . j
92 % 96% Wisconsin Cent 1st sen 4sl949j J - J
92 38
1-2
112
j
110% J
1:h>7
L95
Old Colony sold 4s
Oreg Ry & Nav con g4s..l9 to
1922
Oreg Sli Line 1st g Os
Repub Valley lst s f 6s... 1919
1902
Rutland lst 6s
Rutland-Canadian lst 4sl949
Savannah Elec lst cons 5s. 952
1930
Seattle Elec lst g 5s
1918
Torrington lst g5s
U nion Pac BE & 1 gr g 4s .1947
101
111
111
106
"i
88
1
fly
fly
lst 6s
L32% 133%
ne'02
i
991,3
Sp
tr
X Y&X Ens lst 7s
102
..'.
Jan
Jan
:!s
interest in addition to the purchase price tor all Boston Bonds.
-Share Prices— Not Per
Dec 15
eons
II Kill.
101
"4
:
Mar
6s
6s
5s
3 107 8
100 "« 100%
Oct '02
130
121
rec.1929 J-.i
Minne Gen Elec eon g 5s 1929 J-J
Cot Vain 58....
F-A
New Ens
1906 A-o
New EngTeleph us
1031-j I071-4
5 98
3 109
135%Nov'02
135
135
131%
HOI4
109% 109 14
114% 115
110
4
110
108
2 108
107% 107V
100% Mar'02
HI
193
Is
1
101%
....
103%
99%
110
L32
1912 A-O
Cons lst 4s
Marq Kough<6 Ont Lst 6s. 1925 A-O
Mexican Central cons 4s. .1011 J-J
1001-4
97
127
108
108
110
102 104%
ln7'->108%
LOO 101%
100 108%
3 127
127
Dec'02
Xov'u2
ioo%ios
108
108%
109% Mar'02
115 Apr'02
12634
104 34
2 1051-2
98%Nov'02
127% 127%
127%
90%
85
101
90*4 102
Philadelphia and Baltimore Stock
Monday
100
99
106
10534
Q-J
baturday
Dec 13
82 ^
L17% L21%
105% 105%
lst
ib'd
106
BgeD
:>s
2d cons inc 3s
Mich Telep eons 5s
1
1
Note—Buyer pays accrued
991-2
99
101%
Conem A Mont cons 4s. .1920 J-D
Conn & Pass K 1st g 4s... 1943 A-O
A-O 103*2 Sale 103 %
Det Sr Bap &
99
1st 4s. ..19 10 A-O
99%
,1
83
56
<v
>me
Lov)
mil
Dec'02
i->
%
112
Kan C M Ry<S Br lst 5sl929 A-O
KanCStJo<Si C B Lst 7s. .1907 J-.l
1. R& i't sin Id gr Ist7s...l905 J-J
Maine Cen1 cons Lst 7s. ..1912 A-O
104
L04
in,
Since
103
<v
'01
101
A-O
J-J
J-J
Oct '02
Sep
J-J
M
L't
....
110 Apr'01
103 % Oct '02
108 4 Oct '02
100
100
106 Dec'02
MS
J-.T
6
1
J'ne'01
7
A-O
Joint bonds See Gt Noi
Chic Jo liv & stk Yds 5s .1915
Coll trust refundins g4sl940
Cli Mil* sr p Dub n 6s.. 1920
Oh
& St P Wis V iliv 681920
Chicifc Xo Mich 1st su 58.1931
1
101%101%
J-J
>.-3
1921
....
L25%Aug*00
1922 F-A
t4s
.
L38
M-N
S \V
.">
99
100
M-N
<fe
.)'•,
1
7
J -I)
B
M
99% 997g
Apr'02
Aug'01
L17%Dec'02
LOS Hi Ply '02
i
Denver Exton 4s
1
II
101
I'll
1..
.v.-
98%
J-J
191
Butter- Boston lsi 6s
A-O
Cedar Rap*; MoB 1st 78.1916 M-N
Cent Vennt 1st g4s..Mayl920
Chic Burl <V Q 1st 7s
L903
..1919
Iowa Div 1st 5s
Iowa Div 1st 4s
1919
9934
Mange
tt-j
r
January 1
Ask
i
mi
101%
,
,V.)'4
,10
99%Jan'02
L0
J-
6s
/1
|126 34 Apr'01
1.944 J-.l
F- \
u -M
Boston T< rniinal 1st 8%s. L941 F-A
Best In Gas 1st 5strrects-1989 J-.l
1939 J-.l
2d 5s trust receipts
L918 .T-J
Bard Mo Rivex6s
Non-exempt
8
<
Lost
1910 J-.l
Non-convert deben 5s. ..1913 A-O
j. .1917 A-O
la Falls* Sioux C lsi
Kan c, 'hit ,v- sin- Lsi 5s.. .192
Gull Lst 7s. .1908 J-D
KanC Ft S &
192i
KanC Ft schi M 6s
8 LOO
.
89%
\,,i
1
Friday
[llinois Steel deb, -u 5s
98
98
....
I
100
1904
7s...
<fc
,1-1
......
.
15
47
98
98
119
Jamie
Week's
Rangi
Price
boston stock exch'ge
Week Ending Dec 19
Since
Lom High
High
Loir
98% Sale
98% Sale
J-
la ...1908
tr
sSa lsi T -.. L908
'''< ^en
19!
g Is
^
Last
Bid
-
1345
BONDS
Range
K
TS
Rang
3a
W;
Alt
J
1
Boston Bond Record
20, 1902.]
An: Bell Telephone
uS Tel i-uii
%
1
'
Week
blocks see below)
Highest
Lowest
Shares
Highest
Lowest
Baltimore
70% 70%
70%
24%
241-2
4134
13
115
24
'70
70
•115
24%
24%
40%
401-2
41
13
4134
13
13
25
42%
13% 13%
70
115
70
*115
70
70% 70%
70
'116
25%
25%
25% 25%
42% 42% 4234
13% 13% *13% 14
2434
42
43
13%
62% Jan 28 74% Sep 18
Consolidated Gas
100
50
120 Northern Central
3 Seaboard Air Line
25 4
100
pret
100
43
Do
13 34 United Ry & Electric. 50
Jan
154 104
Oct 12 17
13
65 34 J'ly
88% Jan 106% Dec
9% Jan 30%J'ne
24% Jan 5434 Sep
14 Dec 18% Mar
23% Dec
40% Dec 15 5o%Augl9
2,310
2,090
3,350
Jan
58
7 125%J'ly2ti
12 3434 AuglS
Marl5
Philadelphia.
'%
'%
'8
23%
2434
24%
7
76% 76»i R
43% 44%
734
7%
15
25
9 34
24 "s
9%
8
38
734
33
34%
•68% 70
35
35%
"35*"
'
35% 36%
American Alkali
7%
8%
35
37
65% 66
35% 364i
4%
76%
77
44
"34
734
I434
27»ie 28i3i8
83
4
34%
69 34
36
37
36%
4U,
77
44
44%
8
734
76
43^
36
76% 77%
44% 45%
7i3 la 71*16
8
*15% 16
15
28% 29%e 28i% a 2»9 16
16%
29% 30%
16
15
28% 28»4
•42% 4234
42% 42>-2 42% 42% 42% 6 42% 42 34 42 j
*30% 361-2 30% 30^ *37
*38% 3834
37% *37% 38
45% 45-% 45
454 45% 45 % 45 %
45
45% 4534
107% 107% 106 107% 107%107% 108% 108% 109 110
:!
'
PHILADELPHIA
Hid
American Cement
8%
10
50
American Railways... 50
Bell Telephone
50
Cambria iron
50
Camden & Trenton
10
Centr: Coal -t Coke, loo
100
Preferred
Consul Trac Pitts
50
Preterit,
50
Danville rSesserui r...l>j
Amor Iron &
834
Steel
4934
46 34
Berg&EBrw 1st 6s'21 J-J
105
95
108
51
52
Betlile Steel 6s 1998. Q-F
Che cfc Can lst 5s '1 J -J
Choc&Melst5s 1949 J-J
Ch Ok
gen 5s '19 J-J
Cit St Ry (Iud) con 5s '33
Col St Ry lst con 5s 1932
Con Trac of J lst 5s.'33
E
lst
5s 1920 M-N
Elec
Peo Tr stk tr ctfs
Elm Wil lst Os '10. J-J
Dcome Os
2862. A-O
En
Gas-List s 5s 1928
B.& B Top con 5s '25 A-O
Indianapolis By 4s. 1933
D
&G
1
"l"%
Steel
3%
Pi eferred
Easton Con Electric. .50
Electric of America... 50
Elec Storage Ban
100
9%
9%
85
Preferred
100
50
Harrison Bros pret. ..100
Hestonv Man
Fair. .50
Preferred
50
Indianapols St
100
Inter Sin P & Dynaru
Xit Brothers
10
Little Schuylkill
50
119% 121
,
"9*2%
.",(
. .
10%
*
X
M
&A
&
&
H
Lehigh Nav 4%s '14.Q-J
47
til
Minehill* Schuyl H..50
Nesqnehoning
50
;
BBS Is g
1914. Q-F
GenM4%Sg.l924.Q-F
* 51
52
5i->
iron & Steel. *
6
North Pennsylvania.. 50 *108% 109%
Pennsylvania Salt
50
Pennsylvania Steel. .100
50
Preferred
100
69
49
Phila Co (Pitts) pre!.. .50
Phil German &Norris. 50 169
172
Phila Traction
97 4 9734
50
N Haven
l
GenM
lst 4s '36. .M-N
7s 1903
J-J
.
Westmoreland
*
70
80
Coal... 50
Bid and asked prices
;
W&
B col tr 4s '21. J-J
Inches ter By con 5s 1930
S R E Side 1st 5s g '35 J-D
U Trac Pit gen 5s '97 J-J
Welsbach s f 5s 1930. J-D
118
91
112
102
117
People's Tr tr certs 4s '43
P Co lst& col tr 5s'49 M-S 110%
no sales on this day.
||
Lowest
is
Anacostia
Jan
4% Dec
19
3
3
'
&
Pot os
107% Atl& Chlst7.. .1907 J-J
Atl Coast L(Ct)ctfs 5s J-D
Ctfs of indebt 4s
ibT"
J-J
Feb
Apr
54% May
S% Feb
12% Jaii" "28% Dec
34%Jan 41% Dec
19 Jan 32% Dec
24%J'ne 37
Jan
Sep 12S % Jan
Dec 55 Apr
Bid
Ask
88
116
92
108
City &
68% Oharl C & A ext 5s. '09 J-J
2d 7s
1910 A-O
Sub lst 5s. .'22 J-D
114% 116
Sub(Was)lst5s'48
97% 98%
Col&Grnvlst6s.l916J-J 118
Consol Gas 6s. ..1910 J-D 112% 113
5s
1939 J-D 113% 114
Ga & Ala lst con 5s '45 J-J 110% 111%
124% Ga Car & X 1 st 5s g '29 J-J 112 113
Georgia P lst 6s. .'22 J-J 127
iia" GaSo & Fla lst 5s 1945J110 116%
49% 50
G-B-S Brew 3-4s 1951M-S
Al -X
30
2d income 5s 1951
36%
123"
City<fe
.
67
KnoxvTrac lst 5s '2
look
LakeR El lst gu5s'42 AI-S 117
Ver Cot Duck lst 5s.
Incomes
New Orl Gas lst 5s. .Var
Alt
100
100
loo
8% Feb
10
81
1
AIetSt(Wash)lst5s'25FA
G-B-S Brewing
Alt Vernon Cot Duck
Unit Elec L & P pref .50
8
1
69 May
50% Apr 30 40 34 Jan
BALTIMORE
99
75
12%
13
37
39
99
113
115
93
107
122
100
110
117
Bonds
6
9
Chas Ry G & El 5s '99 M-S
1
124
%Dec
7
405 16
Ask
Atlanta* Charlotte.. 100 160
Atlan Coast L (Conn) 100 300 325
110% L0% Canton Co
loo
97% 101
104 106
Georgia Sou & Fla...l00
47
lst pref
2d pref
%Mar
100
Inactive Stocks
109
3
Jan 14
Sep 10
Jan 6 4834 Oct 3
BALTIMORE
109
118
70
30-
78
38
Npt X&O P lst 5s'38 AI-N
Norfolk St lst 5s'44..J-.I
North Cent4%s 1925 A-O
f-.l
6s 1904
A
Series
5s 1926. ...J-J
Series B 5s 1926. ...J-J
Pitt Un Trac os 199 7. J-J
Poto Val 1st 5s 1941.. J-J
SecAvT(Pitts)5s'34 J-D
Sav Fla&West5s'31 A-O
Seaboard A L 4s 1950 A-O
112
110
106
124
124
114
117
117
117
115
119
82%
Roan 5s 1926. J-J 115
95
South Bound lst 5s. .A-O 110% 111%
BaltCPasslstSs'llM N
107% UE1 L&P 1st 4 ->s'29 AI-N
83%
Bait Fundg 5s. 1910 M-X
123
UnRy&Ellsv !s'49 At-s 94% 94 4
Exchange 3%s 1930 J-J 109% 110
J-D
00
Income4s 1949
00%
Refunding 3 %s 1952J-J 114
118%
Va Mid lst Os 19O0..AI-S 106
Bait & P lst 6s m 1 '11 A-O
110
2.1 series Os 1911. ..M-S
1st Os tunnel. .1911 J-J
121%
3d series 6s 1916. -M-S 116
BaltTraclst5s..'29M-X
Xo Bait Div 5s 1942 J-D
105
Con 4s 1939
A-O
98
Penn Steel lst 5s '17 M-N io7%
50
115
108
108
Terminal 5s g 1941. Q-F
117%
>
Preferred
P
97% 97%
<fe
Income 4s 1939... M-N
Railways General
10
4% Penn gen 6s r 1910.. Var
93.
2 *
Snsqneh ir,,n oc Steel..
Consol 6s c 1905. ..Var
Tidewater Steel
10
Consol 5s r 1919... Var
4%
United N J RR&C.IOO 281 282
Penn & Md Steel con 6s.
Unit Pow & Trans. ...25
Pa <fe N Y Can 7s '06. J-D
United Trac Pitts
50
Con 5s 1939
A-O
Warwick Iron & Steel 10
West Jersey <fe SeaSh.50
M 7s 1911
J-D
M 6s g 1911. ...J-D
M 4s g '47. A-O
Con M of '82 4s '37. J-J
Ex Imp
107%
Newark Pass con 5s 1930 116
X Y Ph Xo lst 4s '39 J-J 100
No Penn
99%
,
J-D
J-D
Annuity 6s
Leh V Trac lst 4s '29.J-D
Nat Asphalt 5s 1951. J-J
New Con Gas 5s 1948 J-D
30
32
2
Sep 4
85
2% Jan
Mar 31%J'ne
20% Dec 38% Apr
40 Feb 80% J'ly
62% Jan 79% Apr
28% Jan 39% May
3% Dec 7% Jau
15 34
101%May28 126 Feb 8 113
24 Jan 31 40%May29 38
Bid
68
-Is
Con
Con
109
Leh V C lst 5s g '33. .J-J
Leh Ar ext 4s lst 1948. J-D 114
2(1 7s 1910
M-S 121
Consol Os 1923
65
6,032
2,234
%Dec
%Apr
Apr2€
3% Jan 27 9% Sep
8% J'ue26 18% Oct
26%Marll 393 18 Sep
40 Mar 6 45% Sep
28,047
2,150
54,454
457
1.710
P & E gen M 5 s '20. A-O 118%
Gen Al 4s g 1920..A&O 107
Ph & Read 2d 5s '33.A-0 128
1
.,
Germantown Pass
&
1
Trust certifs
7334 Jan 14
43% Dec 12
3,354
11,064
Phil PIlec gold trust ctfs.
E ext 7s 1910 A-O
Asphalt Co 5s 1949 tr ctfs
Al Val
1
Mayl7 29% Sep 23
Dec 12 36 Apr 29
Dec 13 80% Apr 29
14,057
PHILADELPHIA
Ask
Bid
Bonds
23
6
33
65
Nov 12 7934 Sep
29%Novl4 38% Jan
270
2% Feb 3 5H 16 Oct
% Sep 15 1% 6 Feb
% Sep 13 2%J'ly
Lehigh Valley
50
100
4% 4% MarsdenCo
National Asphalt
50
Do pret
50
77
77% Pennsylvania RR
50
4434 45% Philadelp'a Co (Pitts b) 50
83 16 Philadelphia Electric. 25
8
16% 16 34 Phila Rapid Transit ... 50
50
30% 31% Reading
43
Do lst pret
50
43%
38%3Si 3 ie
Do 2d pret
50
45 34 45% Union Tracton
50
110 1103j United Gas Impt
50
29 WelsbachCo
100
50% Atl City lst 5s s '19. M-N 110
72% Balls Ter lst 5s 1926. J-D 90
i
Diamond State
PHILADELPHIA
Ask
Inactive Stocks
% Sep 17
50
pret
50
Steel
50 13,828
934 Consol Lake Superior.. 100 42,906
36
Do pret
100 15,715
0934 Lehigh Coal <fc Nav .... 50
325
25% 26% Cambria
25% 26%
9% 9%
35% 30%
66% 70
9 34
43J4
75 15 ie
4334
4%
25%
25
10
70
4%
75
25%
39% 40
40
68
36
14%
15
'%
Do
%
L05
111
ex-dividend
"
119
Convertible 5s. '00 AI-N 100
Central By 6s.. .1912 J-J .
lonsol 5s
1932 AI-Nt no
Ext Jfclmp 5s. 1932 M-S 115
(
ChasCityRylst5s'23 J-J 105
Ii'6%
Si
an
ite
1
:,
4th ser 3-4-5s 1921.M-S
5th series :,s L926.M-S
110
new '32. J-J
97
98
99
99
117
114
115
Va
(State) 3s
Fund debt 2 -3s 1991. J-J
117% West N C con 6s 1914 J-J
110
WesVaC&P lstou'll J-J
& Weld 5s.. 1935. J-J
Wil
11 434 110
121
— ——
—
.
.
1346
Volume
NEW YORK
Slocks
Week ending
Dee 19
1902
STOCK EXCHANGE
WEEKLY AND YEARLY
DAILY.
Railroad &c
Bonds
$37,608,800
79,794.200
59,779,200
58,634,000
88,458,900
72,425,600
$1,326,000
3,144,000
2,684,500
2,105,500
3,389,000
4,035.000
4,267,260 $396,700,700
$16,684,000
$20,000
$35,000
1 to
Exchange
Dec 19
1901
1902
1901
1902
—
261,857,413
183,175,315
3,254,346
4,267,260
Stocks N o. shares
$396,700,700 $314,956,550 $17,306,149,900 $25,397,349,825
Par value
$137,075
$638,100
40,200
Bank shares, par..
BONDS
State bonds
RR. and mis. bonds
Total bonds
14,207,500
$1,340,500
3,640,900
S59,903,150
$1,835,570
2,502,800
973,734,900
$14,328,000
$864,884,550
$978,073,270
$120,500
$20,000
35,000
16,684,000
$16,739,000
Government bonds
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Philadelphia
Boston
Friday
Total
72
105
103
15
101
Industrial and Alisoei
Consol Rubber Tire. .100
Bid
Debenture 4s
Cons Storage BatteryiOo
Continental Tohac deb 7s
Cramps' Sn &En BldglOO
,4,5/f
10
15
Crucible steel
Preferred
85
110
60
50
108
141
68
A8k\
l
1
4
13
20
106
66
17»4
17 7s
83
83%
26
29
72
75
15
25
20
25
35
40
102
60
100
100
Distillers' Securities. loo
Col tr 5s 1927
A-O
Dominion Securities. 100
Electric Boat
100
100
3 '4
Electric Lead Reduc'u. 50
3
Preferred
50
3
4
20
Electric Vehicle
100
4
5
O&IndConNat&IlllOO
IOI4
Preferred
100
J-D
56
9
1st 6s 1926
s
Electro-Pneum'icTranlO
Providence Gas
50 tll2
t
Empire Steel
14
100
11
95
St Joseph Gas 5s 1937. J-J 8 93
Preferred
100
46
91
93
43
StPaulGas Gen 5s'44M-S
General Chemical
100
59
61
Syracuse Gas 5s 1946. J-J 8 98% 99
Preferred
100
98 101
38
40
United Gas&Elec,NJ 100
100
87% 89% Gorham Mfg Co com. 100 125
Preferred
Preferred
100 125
Greene Consol Copper. 10 t 25'i 25.19
Telegr &. Telephone
Guggenheim Explorati'n 150 160
103% HackensackM eadows 1 00
5%
Bell Teleph of Buffalo 100 101
3K
Hall Signal Co
100 115 125
98 104
Central & So Amer...l00
•JO
15
Havana Commercial. 100
40
Ches& Poto Teleph.. 100 30
60
62
106?(
Preferred
100
J-J 106
5s 1909-29
Havana Tobacoo Co (w i) 40
44
100 175 184
Commercial Cable
62
64
Preferred (w i)
Commer Un Tel (N Y).25 110 120
Emp & Bay State Tel 100 78 84 Hecker-Jones-Jew'l Mill
96 100
47
M-S
100
55
1st 6s 1922
Franklin
2
3
Herring- Hall-Marvin 1 00
100 120 123
Gold <fc Stock
30
100
25
1st preferred
4%s, 1905
10
5
100
2d preferred
Hudson River Teleph 100 101 106
New Eng Telephone Sen Bosto n list Hoboken Landtft ImplOO 105
M-N 106
5s 1910
Northwestern Teleg...50 122 126
10
100
N Y<& N J Telephone 100 162 166 Houston Oil
70
Preferred
M-N 8109 112
100
5sl920
115 120
Hudson Realty
25
80
85
Pacific & Atlantic
122% Interboro R T (full paid) 106 110
Providence Telephone. 50 1115
106% 111
95
100
40 % paid
Southern eft Atlantic. .25
15 t
Tel Tel & Cable of Am.
2% 6 Internat'lBankingColOO 198 203
10
12
International Salt
100
52
48
1st g 5s 1951
Electric Companies
12
7
International Silver, loo
50
40
Preferred
100
Chicago Edison Co... 100 173 176
97% 100
1st 6s 1948
J-D
Edison El 111 Brk 4s N Y Stock Exch
John B Stetson coin.. 100 160 180
Hartford (Ct) Elec LtlOO 200
160
140
Preferred
100
KingsCo ElecL&PColOO 212
10
Lanston Monotype
20 t
Narragan (Prov) El Co 50 t 97%
9
43
Lawyers Mort lnsur.100 235 250
ElL&PowColOO
80
Lawyers' Title Ins... 100 375 380
Preferred
100
Lorillard ( P pref
100 126 135
Rholsl Elec Protec ColOO 122
19
United Electricof N J100
16% 17% Madison Sq Garden.. 100 14
M-N 55 '"'5^
J-D
66% 67% 2d 6s 1919
4s 1929
'JO
5%
Manhattan Transit
Ferry Companies
5% 6%
Mex Nat Construe. pflOO
Monongahela R Coal. .50 r 95, 10
13
Brooklyn Ferry stocklOO
Preferred
50 t 39?8 40i4
NY<fcBlst6s 19.ll.JJ 110 113
102%
Mosler Safe Co
100
Con 5s 1948 See Stock Exch list
20
100
N Y & E R Ferry stk. 100 75 80 National Bread
92%
Preferred
100
M-N 8 92
94
1st 5s 1922
29
loo
26
N Y & Hoboken stk. 100 72 75 National Carbon
98%
98
Preferred
100
HobFy lstosl946M-N 8112% 114
85
Nat Enam'g& Stamp 100 32 14 34
Con 5s 1946
J-D
86
87
loo
82
Preferred
N Y<fe N J 1st 5s 1946. J-J 102 105
National Surety
100 140 150
65
10th & 23d Sts Ferry 00
6%
6
NewBrunsCannelCoal 10 t
1st mort 5s 1919. ..J-D 8105
108
38
33
20
40
41
New Central Coal
Union Ferry stock... 100
M-N 95
New Eng Consol Ice. 100 15 20
1st 5s 1920
96
New Eng Transpor.,100
Railroad
116
114
N Y Biscuit 6s 1911.
ChicInd&Lgu4sl952J-J
90
92
N Y Mtge & Security. 100 130 136
100 $ 20
New York Dock
Chic Peo & St L pref.100
12
8
47
Preferred
100
Prior lien g4%s'30M.fcs 5106
108
N V Transportation... 20 t 9% 10
93 100
Con mtg g 5s 1930.J&J
100 156
Nicholson File Co
Income 5s 1930
28
32
6
4
Denver* South'n ...100
Nor Am Lum'r & PulplOO
5\ 7
100
X," hern Securities.. 100 110 U0 l4 Ontario Silver
41
40
Otis Elevator com
100
Ore Short L 4s w i SeeStk Exch list
100
99
Preferred
Pitts Bess&LE
36
100
50 t 32
30%
5o 1 73
Preferred
Pittsburg Brewing
50 t 30
78
Preferred
60 t 46's 47
Pitts Lis <fcW con 4s (w 1)
28 H 28»9
Pittsburg Coal
100
See Stock Exch list
Rock Island
86 a4 K7
Preferred
100
Va& Southwestern.. 100 20
138
Pitts Plate Glass
100 135
98 100
1st guar g 5s 2002.. J-J
100
99
Pratt & Whitn pref..
Industrial and Miscel
Procter & Gamble
100 339 345
loo 203 'v 205
Preferred
Acker Mer& Condi t. ..6s 100 103
125
115
Really Assoc (Bklyn, loo 123
Alliance Realty
100 110
103
Royal BakPowd pref.100 102
loo
18
Allis-Chalmers
18%
63
01
Russell <fe Erwin
Preferred
81% 82
25
100
170
53
Safety Car ileal & Ltloo 160
Amer Bank Note Co. 51
55
3
Seminole Mining
1% 2%
9
5 t
American Can com. ..loo
8 4
Preferred
41% 42% Simmons Hardw com 100 155% 157%
100
100 135
American Chicle Co.. 100 120 L28
Preferred
142%
2d preferred
100
Preferred
88
92
100
34
Singer Mfg Co
100 280 310
American Elevated.
S%
7
5»4
Standard Milling Co. 100
Amer Graphophone...lo
6
28% 30
9
Preferred
100
9% Preferred
10
79
75
Exch list
5s
Amer Hide A Lea St
Standard Oil of N J.. loo 685 6U0
Amer Press Assoc'
95
40
36
Standard Coupler com 00
58
Amer Shipbuilding. ..100 56
138
loo 134
105
Preferred
Preferred
100 102
3
1
Storage Power
6
50
4
Am Soda Foun com .100 4
01
s\v lit & Co See Boston St k Exc h'ge
preferred
75
1st
1st 5s 1910-1914. ...J-J 8101 ia 102%
2d preferred
20
25
100
175
American Surety.
180
Tennessee Copper
25 f 16% 17
77
70
Am Strawboard rects 100 47
19
exas a. Pacific Coal. 100
110
1st 6s 1908
100
Bonds 6s
\ i> 5106
F-A
525
Tr (new) 100 500
u
Amer Tobacco com ... 50 300 325
157
149
Title Ins Co Of N V..1O0 163
Preferred
100 137
Am Typefo'rs com... 1 on 38 14 TrentoiiPotteries com 00 22 26
ss
92
Preferred
95 100
Preferred new
LOO
100
75
To
•t'l
Trow Hiieetory new.. 100
Amer Writing Paper .100
10
2% 2%
Preierreu
21% 23
nion oppei
100
92
76
Union Switch <ft Signal 50
5s 1919
1-J
78
LOS
loo
erred
50
Barney <fc Sni Car
L26
L20
Preferred
ion 129
Union Typewr com. .101
125
100 120
Bliss Company com
50
127
loo 123
145
Preferred
2d
50 110
9
..100
5
BondifcMtgGuai new LOO
400
•jo
10
Borden's Cond.MUk.. 100
U S Envelope com. ..loo
76
LOO
Preferred
ill
Preferred
lisl
Brit Ooluni Cop See Bosl Stock Exch USRealtv A Co
amden rand
20 t
\
Preferred
1
-,
Bond
Unlisted
shares
Listed
shares
sales
Bond
Unlisted
shares
Listed
shares
9,958
22,320
17,691
12,863
16,569
16,320
8,089
6,719
10,907
16,500
12,645
9,631
$27,000
82,000
13,000
28,050
92,000
28,515
29,082
39,283
36,241
33,711
35,368
30,834
54,491
$270,565
204,519
sales
$25,400
50,800
70,600
53,300
96,000
102,812
$398,912
4,140
12,513
7,430
4,279
8,867
6,794
95,721
Tuesday
Wednesday.
LXXV.
[Vol.
I
10,000
Sew York
Monday
.
Lafay'eGaslst6s'24.M-N
LogtfeWabVlst6s'25.J-D
Madison Gas 6s 1926.A-0 5107
Newark Gas 6s 1944. Q-J 8140
Newark Consol Gas.. 100 65
5s 1948 See Stock Exch list
$20,000
$25,000
January
Week ending Dec 19
Sales at
Stock
V S
Bonds
Slate
Bonds
Par value
Shares
402,248
854,067
645,192
627,875
949,119
788,759
Saturday
'
1
Gas Securities
Bid
Indianapolis Gas stock 50
55
1st 6s 1920...... ..M-N 103%
Jackson Gas Co
50
83
A-O 8101
5s g 1937.....'
Kansas City Gas
100
12
A-O 100
5s 1922
Laclede Gas
80
100
Preferred
100 100
Stock Exchanges
of Business at
TRANSACTIONS AT THE
Week ending
Dec 19
1902
E
THE CHRONICLE.
44,023
NY&Q
)
Outside Securities
A
Weekly Review
Market will be found on a preceding page.
of Outside
Street Railways
NEW YORK CITY
Bleeck st& Ful F stk 100
J-J
l8tmort4s 1950
B'way <fe 7th Ave stk. 100
Bid
Detroit United RySee Stk
35
100
247
lstmort 5s 1904.. .J-D
J-J
2dmort 5s 1914
Con 5s 1943 See Stock
Surf 1st 5s gu 1924
B'way
2d 5s int as rental 1905
Cent'l Crosstown stk. 100
M-N
IstM 6s 1922
Cen Pk N & E Riv stk 100
J-D
Consol 7s 1902
100%
Grand Rapids Ry
37
101
251
101
107*2 109
Exch
U12
HOI
265
$123
210
100
Chris t'r& 10th St stk 100 185
See Stock Exch
Col& 9th Ave 5s
Bat stk 100 110
Dry
1st gold 5s 1932... J-D 114
F-A 103
Scrip 5s 1914
Eighth Avenue stock 100 405
F-A 105
Scrip 6s 1914
42d& Gr St Ferry stk 100 410
& St N Ave 100 70
42d St
lstmort 6s 1910. ..M-S 111
99
2d income 6s 1915.. J-J
Lex A v & Pav F 5s See St k Exc
Stk E
Metropol Securities See
Metropol Street Ry See Stk E
Niuth Avenue stock. 100 190
Second Avenue stocklOO 212
lstmort 5s 1909. .M-N
F-A 8118
Consol 5s 1948
DEB&
M
Avenue
Street Railways
Ask
175
list
114
101
la
275
126
215
101
190
list
120
117
104%
415
109
415
75
112
100
list
x
x
list
list
205
217
106
119
180
100
Preferred
100
Indianapolis St Ry S-ie
J C Hob & Paterson.,100
4sgNovl 1949. ..M-N
Lake St (Chic) El stk. 100
1st 5s 1928
J-J
Louisv St Ry 5s 1930 J&J
Lynn<fe Bos 1st 5s '24.J-D
Minneap St Ry 5s See Stk
100
New Orl Rys Co
Preferred
100
J-J
4%s 1952
North Chic Str stock. 100
1st 6s 1909
J-J
North Jersey St stocklOO
M-N
4sl94S
Pat Ry con 6s 1931. .J-D
2d 6s 1914
A-O
Rochester Ry
100
Preferred
100
Con 5s 1930 See Phila
2d 5s 1933
J-D
So Side El (Chic) stk. 100
Syracuse Rap Tr 5s 1946
Toledo Rys & Light See
U nit Rys St L Trans) 100
Preferred
100
Gen 4s 1934
J-J
(
UnitRysSanFran
<SeeStk
Subscriptions
100
Sou Boulev 6s 1945. .J-J nil's 112% West Chicago St
110
Cong 5s 1936
M-N
SI 08
1st 5s 1919. .. A
So Fer
Third Avenue See Stock Exch list
Has Securities
Tarry
P & M 5s 1928 108 110
NEW YORK
YkersStRR5sl940A-<> 110 111
28th & 29th Sts 1st 5s '96 2113 114% Cent Union Gas 1st 5s
Con Gas (N Y) stock N Y
Twenty-Third St stk. 100 408 415
J-J
102 106
Equit Gas con 5s 1932 See
Deb 5s 1906
Mutual Gas
100
Union Ry 1st 5s 1942 F-A 118 Ha 119
Westchest 1st 5s '43 J-J 113*4 114% New Amsterdam Gas—
1st consol 5s 1948.. J-J
BROOKLYN
N Y G EL
See Stock
N Y & East River Gas
Atlan Ave 5s 1909.. A-O £103 104
\
1st 5s 1944
J J
Con 5s g 1931
Consol 5s 1945
J-J
Impl 5s See Stock Kxe h list
Nor Un 1st 5s 1927. M-N
E 5s 1933.. A-O L02 104
loo
Standard Gas com
City stock... 10 2
245
Brooklyn
Preferred
100
Con 5s See Stock Kxeli list
BklnCros.stn 5s 1908. J-J 104
107
1st 5s 1930
M-N
BknHgtslst5sl941 A-O 105 108
Sixth
stock. .100
.<
Bid Ask
Exch list
I
49
94
51
97%
Phila
list
201-2
•jo
77
8
5 99
5115
§112
Exch
78
117%
113%
list
13%
13 14
44
5781-2
160
}....
1
8%
101
47
79
162
103
30
30%
83 '2 84
5125 130
8100
73
76
98 100%
list
103
109
107
102 105
Stk E x list
26
27
5105
80% 81%
83?8 84 %
list
45 '4 47%
8
Exch
86
95
83
94
5
H&P
>
BB4W
l
l
340
8108
109
111
Exo
x
list
Exch
list
.
1
H13
115
8108 110
106
130 140
150 160
8115ia 118
1
i
1
1
38
94
1
list
95
L!
1
105
107
Kin^s
Co. Elevated—
1st 4s 1949 See Stock Exch
pref
100
A-O 113
5s 1944
J-J
1st 4s 1951
88
Wb'g&Flat 1st ex4%s. 105
Stein way 1st 6s 1922. J-J 5116
Nassau Elec
LSI
ChicagoGas
list
line
t
85
L15
106
119
Preferred
00
Colum Ry con 5s See Ph
Crosst'wu 1st 5a '33
l>
105
i
.1
107'-.
LLa list
8
Buyer pays accrued
Foil
(
89
Preferred
Central Foundry
104
Co 100
t
GaslOO
33
42
925. .J-J
iia'o LOO
1
3
Clatiindl B) 1st
2d preferred
:
50
Col
Hartford (Ct) Gas J..
50
15
100
Hudson Co ^as
41
5s gl949
M-N 8104
Indiana Nat & 111 Gas—
eft
Hock Coal* I
42
Price per
sliaro.
M-N
t
Sale price.
i
loo
LOO
pf 100
1917
lompressed ,\ lr Co...
1st g
f
1st 6s 190S
pri
Common
Rapids Gas
5s L915
..100
LOO
LOO
Preferred
104
1
LOO
Cent Fireworks com
r-A 5102
1st,
Ill
interest.
ii'aml
Co
17
50
:.s
1
00
ar Heating LOO
104 %
LFiri
Prefi ned
I
100
c.ns By Ltg&Refrig.lOO
49
a
I
>
1
..M-N 8103
& Hudson
6s
1
Celluloid
City)
1904
Wayne
list
88
Detroit City Gas
Essex
list
10
77
108% 109
L03
104%
1
1st Gs
n
100', 101
I
CITIES
Buffalo Street Ky
1st consol 5s 11)31. .F-A Sill's 113
Deb 6s 1917
A.O 8106%
Chicago City Ry stk. ion •jos 210
Chic UnionTrac See St'ek Exch list
Cleveland City Ry
LI 5
LOO
Cleveland Electr Ky.100
8434
86
Columbus (O) St Ry..lO0
56
60
Esi'li
-
L&
Heal COmlOO
100
Preferred
col Gas 1st r,s L932 J-J
Gas (X J; stk. 100
1st 5s 1936
J-J
is
OTHER
5
74
5s 1947
ifi
i
J
St 1st 6s
.
1
I
&Lo rimer
I
.
1
5108
Stock
stk E
310
OTHER CITIES
Bkln Q Co & Sub See S k Exch list
list
Bklyn Uap Tran See Stk
Amor Light* Tract. 100 35
J-J
Preferred
Ret g 4s 2002
875,
91%
100
Coney Island & Bklynl 00 360 400
Baltimore Cousolidat See
J
100
1st 5s 1903
Bay Stat e Gas
50
Sscrtfsiudbt 1903. .J-J 100 100 '2 Binghamton Ga 5
92
i
Brk C & N 5s 193'.)..) -J
14
116
Boston United Gas bonds Bos to
5s '06 F-A 1031,
Gr St&New 1st
Bulla!
as stocklOO
7%
Gr'pt
:
'
W
-<
MS
Ex
right.-
[erred
1
jo
62
[J
sued)
2
pi
13
16
450
470
95
92
90
60
To
L3
4
60
10
55
6%
20
58
85
S ShiponUd'i
97
95
65
U S s
1
1
Universal
PreK lied
V:i Iron Coal.
1-
00
1
Preferred
112
1
00... 100
100
100%
07%
1
L6
3
M-s
...
LOO
100
Westingh Air Brake 50
While Knob m ining. LOi
Pumpprei.100
4
10
20
32%
10 19 otfs
2% Vulcan
65
20
1
\
1
%
70%
30%
s0%
69>s
t
I
83
L70
12
1
L2S
..
..
December
.
.
.
>0,
..
..
.
.
.
.
.
THE CHRONICLE.
1902.]
luttesimmt ami
1347
%uUUx%mu.
itjtaxlrxr&d
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 Qross Earnings
ROADS
Week
or
Month
Current
Year
Previous
Year
$
12,887
46,628
July
I
to Latest
Current
Year
SB
Latest Qross Earnings
Date
ROADS
Week
July
or
Month
a;
Current
Year
Previous
$
Previous
Year
to
1
Latest
Current
Year
Date
$
Year
Previou*
Year
395.534
190,628 Mexioan South'n 4thwk Nov
24,075
27,634
331,479
16,530
12,087
3,513
1,086,077 MiUen & So' w'n. October...
4,317
250,724
280,019
9,904
8,967
Mineral Range.. 2d wk Deo.
917,346
65,724 1,753,923 1,702,363
828,819 Minneap «& St L. 2d wkDec.
64,433
N O & No East. November. 19G.645 184,331
428.2SK M8tP& S StM. 1st wk Dec 127,832 121,229 3,618,460 3,980,337
451,910
104,051
99,390
Ala<fe Vicksb'g November.
98.901
511,399
114,318
404,060 Mo Kan & Texa*- 2d wk Deo. 324,376 320,073 8,522,650 8,225,026
Vicksb Sk & P. November
Ire. 32 530
Inc. 150,004
Allegheny Valley October...
Mo Pac & Iron Mt 2d wkDec. 679,000 603,000 17,610,229 17,534,817
663,406
wkDec.
861,120
553,808
2d
36,170
864,664
17,000
32,857
21,000
Ann Arbor
Central Branch 2d wk Dec.
31,023
8,424
7,787
31,471
Ann Wash & Bal. October .
2d wk Dec. 700,000 620,000 18,104,037 18,198.223
Total
69,478
97,234
AtchTop .fcSFe. October... 5,910,930 5,390,922 20,506,993 20,107,725 Mob Jack <fc K C. Wk Dec. 6
5,100
3,104
797,574
721,757 Mobile & Ohio..c November. 632,708 565,432 2,994,251 2,007,222
Atlanta & char.. September
64,028 239,823
294,602
64,012
57,815
262,590 Nash Ch & St La. 2d wk Dec. 188.491 158,795 4,174,727 3,598,557
Atl Knoxv <.t No November.
11.344
95,778
48,757 NaflRRof Mex. 2d wk Dec. 192,471
158,773 4,313.008 3,306,903
Atlantic & Biiin November.
19,290
78,850
97,705
15,652
Atl Coast Line.. October.
<1755,673 <1 420490 /5,869,179 M.909.066 Nev-Cal-Oregon November.
16,336
13,899
269,977
14,032
21,384
19,325
235,045 Nevada Central.. October...
Atl Vald <fe West. June
4,679
4,808
39,991
37,695 N Y C & Hud Riv November 6,427,977 5,837,015 32,702,996 32,174,507
Bait & Ann SL.. October...
9,157
9,005
BaltA Ohio.... I November. 1,905,371 4,878,880 26,656,359 24,909,742 N YOnt<te West. Ootober... 384,149 521,701 1 ,480,270 2,127,510
998.667
207,11!)
500,809
131,581
B & O Southw. <
N Y Susq & West October..
594,716
Bangor & Aroosl >ctober... 178,624 158,904
552,778 Norfolk <fc West'ri 2d wk Dec. 376,985 343,950 9,089,354 7,926,194
Hammon September
8,761
2,784,177 2,930,277
3,291
8,596 Northern Central October...
768,907 819,707
Bath &
3,030
69,043
17.287
15,952
62,995 North'n Pacliic. November. 4,372,310 4,161,675 22,052,724 19,540,935
Bella Zanes&Cin October. ..
190,234
25,274
214,303
Bellefoiite Cent'l November.
24,700 Nor Shore (Cal)... October...
5,485
4,940
41,192
39,061
17,992
17,214 Pacific Coast Co. September 500,090 519,911 1,552,078 1,375.321
Bridgt &. Saeo K. October...
4,327
4,506
6,941
Burl Attica & Arc <epteu ber
6,810 Penn— EastP&Ee October.. 10546875 9,530,275 40,248,118 35,797,918
Inc. 2,0 39,900
Inc. 37 3.700
Bull Roch & t i it> 2a wk Deo.
123,942 107.268 3,432,759 3,100,144
WestP&E.$... October ..
327.960
Bulialo ASusq... October ..
288,232 Pere Marquette.. 1st wkDec 173,955 157,628 4,527,289 4,255,246
97,2
87,553
615,583 709,718 2,222,759 2,694,450
Burl C Rap & No Mar
399,700 399.772 4,959,604 4,559,003 Phila & Erie
October.
Canadian Pacitu 2dwkDec. 824,000 789,000 20,176,688 17,947,816 PhilaWilm&B.. October.
1,144,881 1,073,881 4,434,976 4,129,976
80,024
4,852
October...
47.129 PineBlf.Ark.R... September
6,687
Cane Belt
21,217
20,350
2,259
1,799
Cent'l of Georgia 2dwkDec.
163,980 163,430 4,192,830 3,648,467 Pittsh C C & St L October.
2,085,760 1,975,938 7,939,047 7,282,108
Cent'l of N Jersey October... 1,087,387 1,543,881 4,314,405 5,967,061 Plant SystemCentral Pacific.. September 2,078,724 1,878.582 5,872,162 5,753,673
Ala Midland.
52,012
42,839
Chat tan South'n. 1st wkDec
1,770
1,862
Brims & W'n.
706,318 598,739 8,475,502 7,948,369
Chesap AOhio... 2d wk Dec. 320,535 288,127 6,704,899 7.802,683
Chas&Sav... > June
Chic & Alton Ry. October..
925,387 847,800 3,495,805 3,328,770
Fla & W.
Sav
Chic Burl & Quin August . 5,171,300 4,979,672 9.791,687 9,460,462
SilSOc&G..
Chic & E Illinois. 2d wk Dec. 144,693 127,421 3.338,041 2,834,427 Reading Co.—
ChioGt Western. 2d wk Dec. 141,252 131,880 3,573,397 3,676,022
Phil &Read.... October... 2,244,542 2,845,254 8,097,350 10,054,095
ChicInd&L'v... 2d wk Dec.
83,767
80,007 2,323,787 2.178,165
Coal&IrCo.... October... 516,990 3,165,134 1,170.822 9,780,837
Chic Milw & 8t F Ootober... 4,814,701 4,521.267 16,883,382 16,217,857
Tot both Co's.. Ootober... 2,761,538 6,010,388 9,208,178 19,840,932"
85,419102,44.1
102,441
85,419
Chic & North W'n October... 4,811,811 4,546,104 17,548,955 17,005,900 Rich Fr'ksb & P July
159,818
160,605
56,425
ChlcPeo&StL.. August
266.242
232,767 Rio Grande Jet.. September
57,789
133,929 123,975
288,349
276,224
11,088
ChicRI&Pao... October... »4461146 B2944491 r-16449082 011435359 Rio Grande So... 2d wk Deo.
10,182
&0. October .. 1,327,252 1,261,630 4,448,338 4,311,767 Rio Gr'de West.. June
454,400 449,400 5,341,154 4,908,081
Chic St
959,772
Tr RR 2d wkDec
51,639 1,003,009
54,406
Chic Term
31,811
401,453
739,609 Rutland
27,761
4th wk Nov
532,703
416,594
ClnNO&TPac. 1st wkDec 96,701
130,910 148,33i
99,040 2,543,050 2,426,709 St Jos&GrI
October.
22,567
A59,661
A28.470
11,445
ClCinCh& StL. 1st WkDrC 363,886 358,854 8,921,534 8,747,610 St Louis& Gulf.. August..
21,41"
77,890
80,163
Peoria & East'n 1 st wk Dec
18,710
54,352
October.
50,727 1,210,633 1,145,896 StL&NArk
Colorado & South 2d wkDec
109,693
99,669 2,869,183 2,584,005 St L& San Fran g 1st wkDec 0571,761 0526.318 </ 13. 961,090 ?12,400.187
Col Newb & Lau October.
148,303 153,166 3,489,503 3,503,702
19,318
61,375
57,095 St L Southwest
17,709
2d wk Dec
915,232
981,909
Col Sand «fc Hock 3d wk Oct.
32,418
509,531
408,538 StLVan&TH.. November. 183,252 178.46s
25.913
934,021
980,505
Copper Range.... October...
250,681
305,422
129,321
55,332 San Ant& A P... October. ..
37,93
19,768
543,094
Cornwall
October...
626,720
110,192
94,823
7.660
11,282
33,631
43,196 San Fran &NP.. November.
Cornwall <fe Leb. October...
20,190
/700,318 /596,739 /'8, 475, 502 /7,948,368
31,643
93,137
134,169 Sav Fla <s West. June
Cumberl'd Valley October...
119,231 115,976
444,466
423,143 Seaboard Air L.. 1st wkDec 248,053 223,659 5,399,042 4.930.03O
250,88:'
261,959
Denv. & Rio Gr. > 2d wk Dec
18,173
20,426
May
337,000 318,800 8,447,658 8,309,737 So C & Ga Ext
r>,*72
Rio Gr. West. 5
11,300
So Haven & East. October...
268,696Southern. 2d wk Dec.
Detroit
52,918
358,34
25,219
20.576
637,804
585,020 Southern Ind
76,765
November
Det & Mackinac. October...
72,443
65,850
273,967
268,151 So Pacific Co b... October... 8,279.211 7,875,421 30,065,905 28,904,440
Dnl So Sh& Atl.. 2a wk Dec.
62.353
110,373
40,346
36.696
22,977
43,998 1, 311,723 1,262,539
Carson & Colo. September
Erie
October.. 3,818,152 3,757,16 14,179,340 14,672,152
5,753,673
Central Pacific. September 2,078,724 1,878!582 5,872,16
23,430
Evansv & Indian 2d wk Dec.
27,402
16,958
7,039
6,280
190.606
100,701
20,353
Direct Nav. Co. September
Evansv <fc T H
2d wk Deo.
25,341
800.96S
28,264
703,856
GalHar&SA. September 574,793 589,811 1,585,480 1,729,360
F'rchild&N'r'e'n October...
237,255
106,635
11,904
40,887
4,853
3,016
13,618
Gal Hous <te No September 136,559
7,00^
Farmv & Powhat October...
51,426
45,810
17,332
6,058
23,400
19,208
27,860
GulfW. T.
September
203,310
FtW&DenvCity Ootober... 242,790 198,692
200,022
68,739
922,524
713,960
72,325
Hous. E. &W.T September
Georgia RR
October.
57,293
48,759
240,714 2b3,431
781,094
649,197
21,716
17,894
Hous. & Shrev. September
Ga South & Fla.. November 130,385
614,364
523,275
99,868
Hous&TexCen Septembei 586,984 517,470 1,328,184 1,325.890
Gila ValGi N.. October...
14,396
11,850
24,362
36,162
116,806
4,881
4,303
98,211
Iberia & Verm September
428,690
Gr Trunk System 1st wk Dec 611,233 546,986 14,488,180 13,392,278
506,031
143,183
Louis'a West... September 164,345
Gr Tr. West'n 4th wk Nov 107,180 116,582 1,977,474 1,770.488
1,308.377
Morgan's L & T September 374,531 363,394 1,093,394
01.079
DetGr H&M. 4tkwkNov
19,102
60,412
32,586
32,108
492,056
N. Mex.& Ariz.. September
17,791
538,398
119,901
93,220
Great North'n—
37,079
N Y T & Mex September
46,692
911,723
St P Minn &M
Oregon & Calif September 349,782 303,871 1,011,987
November. 4,116,780 3,669,421 19,568,163 16,580,810
East, of Minn
116,908
114.896
42,609
36,370
Sonora Ry
September
272,9*7
Montana Cent'i November 161,106 100,995
297,328
746,832
91,303
837,773
95,812
So Pac. Coast.., September
Total system November 4,277,886 3,770.416 20,405,936 17,327,642
SoPao RKCo.. September 2,572,633 2,276,585 7,127,804 6,975,940
Gulf&ShipIsland October...
153,322 123,405
430,401
1,019,015
So Pac SS Lines September 450.241
556,525
Hocking Valley. 2d wk Dec.
724,176
809,160
90,871
Tex<& N Orl
89,092 2,755,500 2,505,158
September 280,948 227,424
Hous & Tex Cent September 586,984 517,476 1,328,184 1,325,890 Southern Railw'y 2d wk Dee 802,459 708,940 19,342,009 17,473,891
716,44 9
Illinois Central. November, 3,690,258 3,485,304 18,218,771 17,221,904 Terre H & Ind
787,180
November. 153,020 141,073
Illinois Southern November,
249.557
238,520
13,931
59,413 Terre H & Peor. November.
47,653
12,065
67,699
43,566
303,058
Dad 111. & Iowa October ..
144,788 147,090
17,003
285,579
562,790 Texas Central . 1st wk Dee
14,867
540,922
& Gt North'n 2d wkDec, 108,817 132,276 2,541,961 2,503,724 Texaa & Pacific. 2d wk Dec. 245,062 287,039 5,156,903 5,413.900
Int
Interoc (Mex)
70,400
WkNov29
72,500
90,700
19,100
18,000
80,070 2,007,730 1,603,190 Tex S V & N W
November
95,22s
Iowa Central
2d wk Dec.
133,383
43,346
9,790
45,462 1,130,162 1,162,191 Tif ton Thorn. &G. May
13,477
Iron Railway
November.
32,985 Tol & Ohio Cent 2d wk Dec.
49,420 1,447,753 1,359.000
6,840
32,744
59,569
6,477
532.M>s
Kanawha & Micl 2d wk Dec.
527.342
22,311
490,753 TolP& West ... 1st wk Dec
25,225
23,231
19,304
455,214
Kan City South'n October.
590,356 529,397 2,078,326 1,796,977 TolStLA W.... 2d wk Dec.
46,597 1,429,014 1,207.353
59,39
Lehigh Val RR.. October.
221,567
2,001,943 2,894,058 6,715,640 10,087,552 Tor Ham & Bull 4thwk Nov ' 10.N29
11,504
191,615
Leh Val Coal Co. October... 303,^8- 2,138.415
672,440 6,921.100 Union Pac RR . >
Lexing <te East'u. October.
40,444
139,100
Oreg RR & N [ October.
37,771
192,359
1,965,951 4,797,260 18,123,262 17,110,362
Long Island .. October.
Inc. 82 522
Oreg Sh Line. )
Inc. 161 ,000
La. & Arkansas. September
13,963
121,702
108,457 Wabash
38,744
2d wk Dec. 366,113 361.273 9,900.836 9,00;
Lou. Hend.&St.L. October.
72,356
240,070
Jersey & Sea'e Ootober.
267.830 260,731
63,847
1,866,669 1,755.769
277,678
Louisv & Nashv. 2d wk Dec. 085.320 622,505 15,773,16* 13,932,088 Wheel & L E
71.*74
1,652.043
58.972 1,89
2d wk Dec
Macon & Birni... November.
lo,77.->
L2.941
12.9S
52,387 Wichita Valley... August
7.413
12,055
67,925
5,331
;.:;.*oi
Man'tee & Gr. Rds October...
07,711
12,21b
12,212
45,423 Wm'sport&N.Br October.
15,091
11,585
43,943
Manis & No East October...
27,898
111,841 White Pass&\"n 3d wk Nov
27,100
3,119
114,605
Manistique
November.
2,798,981
4,703
29,678 Wisconsin Cent.. 2d wk Dec
4.275
40,517
109,000 101.656 3,12
{Mexican Central 2d wk Dec. 431,132 307,709 9,078,355 7,000,487 Wrightsv & T'n., October...
oo.*',';;
15, 190
19,017
10,372
Mexicanlitern'). October...
584,358 501,070 2,188,443 1,917,065 Yazoo & Miss. V October...
758,954 666,434 2,273,398 1,-,- 70,512
(Mexican Ry
wkNov.29 107,600
81,100 2,129,000 1,735,400
June
Adirondack.. .
Ala Gt Southern. 1st wk Dec
Ala N O & Texas- Pacific
.
15,324
44,099
202,216
1,171,429
.
,
!
,
.
.
PM
.
.
.
.
&P
.
.
.
.
.
W
I
Covers results on lines directly operated.
IMexican currency, a Includes Paducah & Memphis Division from July 1 in both years, t Results on Monterey <fe Mexican Gulf are
included from March 1, 1902, but for no part of 190 1. e Covers lines directly operated, including the Bmlalo & Alle'y Val. Div.lor both years.
Includes the Houston & Texas Central and its subsidiary lines. Earnings 01 the Cromwell Steamship i^ine, not previously reported, are
now also included.
c Results on Montgomery Division are included in both years.
ri Includes St. Paul A: Duluth for both years.
f These figures are the results on the Ala. Midi., Brunswick & West., Charles. <fe Sav., Sav. Fla. & West'u and Silver Soring Ooala * (iulf,
1 maiding
g These figures now include the Chicago & Eastern niinois in both years, h, From Mav, 1902, includes sundry acquired roads.
earnings of the Hancock & Calu. both years, t Including earnings of the Sav. Flor. & West, in both years, v Includes $39,190 other income
In Oct., 1902, against #27,660 in Oct.. 1901. and $491,587 and $360,396 respectively from July 1.
fe
,
.
.
.
.
.
.
,
THE CHRONICLE
1348
Totals for Fiscal Year.
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 fisoal year of the great
majority of the roads.
Latest Grot* Earnings.
Roads.
Period.
Current
Allegheny Valley
Atlanta <& Charlotte Air Line.
Bellefonte Central
Central of New Jersey
Chattanooga Southern
Chicago & North-Western....
Chicago Rock Island & Pac.
Ohio. St. P. Minn. & Omaha..
Cumberland Valley....
International & Ot. North'n.
Manistee & North Eastern...
Manlstlqne
........
Mexican
Mexloan
Mexloan
Mexican
Centralf.
International.......
Railway.............
Southern
Missouri Paciflo
Central Branch
Total
National RR. of Mexico
Northern Central
North Shore
Pennsylvania.Eastof P.&E..*
West of P. &E
Jan.
Apr.
Jan.
Jan.
Jan.
June
Apr.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Apr.
Jan.
Jan.
Jan.
Jan.
Jan.
Apr.
Jan.
Jan.
Jan.
Jan.
Pere Marquette
Philadelphia <fe Erie
Phlla. Wilm'g'n & Baltimore. Nov.
Pitts. Cincln. Chic.
& St.
L... Jan.
Deo.
Rio Grande Junction
8t. L. Vandalla & Terre H....
South Haven A Eastern
Terre Haute & Indianapolis..
Terre Haute & Peoria
Nov.
to
Previous
Tear.
Tear.
Oct 31
Ino.
293,500
30 1,473,712 1,337,019
Nov. 30
53,729
47.198
Oct. 31 11,747,242 14,060.678
Sept.
to
to
to
to
Dec.
to
to
to
to
Oct 31 21,549,323 20,919,002
Oct 31
Oot 31 9,853",588 9,136",266
918.551
Oct 31 1,002.340
102.547
7
to Deo. 14 34,352,270 33,664,572
to Deo. 14 1,020,018 1,261,542
to Deo. 14 35 372.288 34 926,114
to Dec. 14 8,599,941 7,233,380
to Oot 31 6,876,771 6,881.071
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Oct
Oct
Oct.
Deo.
Oct
Oot.
Oct.
31
374,142
333,142
31 93,6ti8.094 81,249,394
31
Inc.
5.380.200
7 9.179,491 8,518.914
31 5.241,178 5,679,166
31 12,230,749 11,808,249
31 18,778,421 17,033,165
Sept 30
Nov. 30
468.305
183,252
460,796
178,463
Oct 31
141 ",073
153,020
Nov. 30
43.566
47,653
Nov. 30
Texas & Paciflo
Deo. 14 10,377,512 10,961,376
Jan.
West Jersey & Seashore
Jan.
Oct 31 3,444.321 3,248,421
Wichita Valley
39.617
45,970
Aug. 31
Jan.
* These figures lnolude the Buffalo <fe Allegheny Valley Division in
both years, t The operations of the Monterey & Mexican Gulf are
Included from March 1. 1902.
Latest Gross Earnings by Weeks.— In the table which
follows we sum up separately the earnings for the latest
week. The table covers the second week of December and
shows 6 63 per oent increase in the aggregate over the same
week last year.
2d week of December.
Jan.
Nov.
Nov.
1902.
$
Ann
Arbor....
Buffalo Rooh.
1901.
S
& Plttsb'g
Chicago
&
East. Illinois
Ohio. Ind'plls A Louisv..
Ohio. Term. Transfer....
&
Southern
Denver A Rio Grande*
Detr«*t Southern.
Duluth So. Shore A Atl..
Evansv. & Indianapolis.
Evansv. A Terre Haute.
Colorado
Hooking Valley..
Intern'i
A Gt
Kanawna A
&
Louisville
Northern.
Mlohlgan...
Nashville..
Mexican Central
...
Mo. Kansas & Texas
Mo. Paolilo A Iron Mt...
Central Branch.
Nasliv. Chat.
A St.
.....
Louis.
National RR. of Mexioo.
Rio Grande Southern
St.
Louis Southwestern..
Texas
A
Pacific
Toledo* Ohio Central..
Toledo
St. L.
A West
Wheeling & Lake Erie
.
32,857
123,942
824,000
163,980
320,535
144.6^3
141.252
83,767
31,811
109,693
337.000
25,219
40,346
7,039
28.264
90,871
108,817
43,346
22,311
685.320
431,152
64,433
824.376
679,000
21.000
188,491
192,471
376.9*5
10,182
148.303
802,459
245,062
59.569
59,397
366,118
71.874
109,000
36,170
107,268
789.000
163,430
288.127
127.421
131.880
80,007
27,761
99,669
318,800
20,576
43.998
6,280
25,341
89,092
132.276
45.462
19.304
622,505
367,709
65,724
320,073
603,000
17.000
158.795
158,773
343,956
11.08e
153,166
768.946
287,039
49,420
46,597
361.273
58,972
101,656
7,514,910
.......
Increase.
7.047,654
Decrtate
.
$
3,313
$
16,674
35,000
550
•
32.408
17,272
9.372
3,760
4.050
10,024
18.200
4,648
3,652
759
2,928
1,779
23,459
2.116
3,007
62,815
63,423
1,291
4.303
76,000
4.000
29,696
33,698
33,029
........
„
.
906
4,863
83,513
41,977
10,149
12,800
4,840
12,902
7,344
641,307
.... ••••
.... •••.
73,951
467,356
..
Net Inorease (663 p. o.K
* Inducting Rio Grande Western.
For the first week of December our final statement oovers
52 roads, and shows 5 '71 per oent Inorease in the aggregate
ovf>r the same week last year.
.
1st
1902.
A West
*
7,929,059
44,699
1.770
95,328
96.701
5,100
169.205
352.964
173.955
571,761
248,053
14,867
25,225
62,423
Total (52 roads)
9,791,110
Previously rep'd (39^8)
Alabama Gi. southern..
Chattanooga Southern.
Ohio. Indlan'lls A Louisv.
Cin. N. O. A Texas Pao..
.
Mob. Jaokson A K. City *
Nashv. Chat A St. Louis.
St Louis
A
San Fran
Toledo Peoria
Tol. St. L.
A West's
.
N«t Inoroase (5 71 p.0.)..
* Week ending November 29.
-
railroads furnishing monthly statements. The compilation
Includes every road from which we can get returns of this
character, and in that form is given once a month, Early returns are published fromweek to week, as soon as issued, but
for the convenience of our readers all the roads making returns are brought together here in the week in which we publish out monthly article on net earnings— say about the 20th
of the month.
The returns of the street railways we give by themselves
under a separate head at the extreme endof these tabulations
—see page
1350.
1901.
Increas*..
$
7,549,024
46,62-
543.881
Decrease.
8
163,846
1,929
92
1.862
90,027
99,040
8,104
151.104
323,431
157,628
526,318
223,659
17,003
23,231
60.018
1,996
18,101
29,533
16,327
45,443
24,394
9.262,077
699,375
5,801
"2,839
2,186
1,994
12,405
82a.nm
Earnings.
Current
Previous
Tear.
Roads.
Alabama Gt.So'th.aOct
July 1 to Oct. 31
Allegheny Vallev...Oct
$
239,481
894,910
Tear.
$
Net Earnings.
Current
Previous
Tear
Tear.
$
$
69.401
74,726
239,572
239,117
Ino.
2.246
Deo. 67,857
67,652
67,060
231,972
225,423
4,122
3,077
13,078
13,458
t2,670,809 t2,407,696
t8,077,545 t8,672,018
116,976
91.671
307,665
256,087
17,384
23,809
78,533
76,735
8.477
5,146
40,182
18,569
239.683
819,098
Ino. 32,538
Jan. I to Oct. 31
Ino. 293,500
Ann Arbor. b
175.608
Oct
174,802
July 1 to Oct. 3i....
632,898
632,963
Ann'p.W'sh.&Bal.aOot
8.424
7,787
July 1 to Oct. 31 ...
31,623
31,471
Atoh.'r.&8. Fe.b..Oct 5,910,930 5,390.922
July lto Oct 31 - 20,506,993 20,107,725
Atl'ta <te Char. A. L. Sept
264,028
239,823
July 1 to Sept 30...
797,574
721,757
Atl. Knox. A No. a. Oct
61,007
57,302
July 1 to Oct. 31. ..
240,590
204,775
Atlantic A Birni'jrh.Nov.
19,290
11,344
July 1 to Nov. 30 ...
95,778
48,757
Atlantic Coast L.a.Oct U1755.673 u 1420,490 u688,7)6
July lto Oct 31....u5869,l79 u4909,066 u 1884,474
Baltimore A Annapolis
Short Line. a
Oot
9,157
9,005
2,985
July lto Oct. 31
39,991
37,695
13,156
Bait. & Ohio, b
Nov. 4,965,871 4,878,880 1,811.80?
July 1 to Nov. 30.. 26,656,359 24,909,742 10,325,278
BanKor&Aroost'kbOct.
178.624
158,904
75,438
July 1 to Oct 31
594,718
552,778
232,722
Bath A Hamm'ds.bSept
3,291
3,030
1,325
July 1 to Sept 30
8,781
8,596
3,422
Bellalre Z. & Cln...Oct
17,287
15,952
4,820
July 1 to Oct. 31....
69,043
62,995
21,564
Bellefonte CentralbNov.
5,485
4,940
2,761
Jan. 1 to Nov. 30....
53,729
47,198
20,989
Brldgt. & Saoo R.bOct
4,506
4.327
1,836
July 1 to Oct 31....
17,992
17,214
7,144
Bufl. R. & Plttbs.b.Oct
704,513
643.997
327,758
July 1 to Oct 31
2,602,215 2,362,503 1,208.098
Buflalo * 8'sqneh.aOot
97,277
87,558
t53,147
July 1 to Oct 31
327,968
288,232
1152,366
Canadian Pacific. a.Oct 4,127,402 3,582,403 1,616,135
July 1 to Oct 31.... 14,579,688 12,816,433 5,565,502
Cane Belt
21,217
Oct
20,356
8,571
July lto Oct 31....
80,024
47,129
29,806
Cent, of Georgia. a. Oot
879 ,999
796,703
346.293
July 1 to Oct 31.... 3,060,272 2,554,601
912,929
Cent, of N.Jersey. a. Oct
1,087,387 1,543,881
128,149
July 1 to Oct 31.... 4,314.405 5,967.061
786,223
Jan. 1 to Oct 81... 11,747.242 14,060,678 3,238,338
Central Pacific. b... Sept 2,078,724 1,^78.582
995,082
July 1 to Sept 30.... 8,872,162 6,753,673 2,608,651
Cbattan'ga South. aOct
9.238
7.606
1,125
41,454
July 1 to Oct 31....
33,241
6,214
Obenap. & Ohio. a. .Oct
1,325,627 1,567,154
442,163
July 1 to Oct 81
4,716,209 6,869,191 1,475,461
925,387
Chioago A Alton. a. Oct
847,800
301,761
July lto Oct 81.... 3,495,805 3,328,770 1,260,955
Ohio. Bnrl.AQuln.bAug. 5,171,300 4,979,672 2,235,433
July 1 to Aug. 31.... 9,791.687 9,460,462 4,035.282
Uoir. A East. Til. b. .Oct
688,584
547,393
321,002
July 1 to Oot. 31 .. 2,415.289 2,048,843 1,106.160
753,616
739,820
Ohio. «t. West'n.b.Oct
265.301
July 1 to Oct. 31.... 2,633.141 2,748,679
777,195
'ihlo. [nd.&LoniB.a.Oct
461,102
420,141
201.778
745,924
July 1 to Oct 31 ... 1,755,431 1.631,113
Chic M. A St. P.a.Oct 4,814,701 4,521,267 2,019,604
July 1 to Oct 31... .16,883,38216,217,857 6.467.230
Ohio. R.I.APao.a..Oot v4,461.l4G v2.944.491 1.976,533
July 1 to Oot 31.... v 16,449,082 v 11,435,339 7,283,436
Chlo.Ter.Transf.b.Oct
153.027
141,918
61,234
543,825
244,595
July 1 to Oot 31...,
588.028
473,529
502,973
128.883
Oln. N. O. & T. P.a.Oct.
504,645
July 1 to Oct 31... 1,979,868 1,853,562
CU ln.Ohlc.ASt.L.aOct 1.797,510 1,782,097 422,945
July 1 to Oct. 3i... 6,858,666 6,770,013 1,679,816
245,127
233,424
Peoria A Eas'n.a Oot
55,340
920,721
885,131
224,t>39
July lto Oot 31...
497,245 dl65,139
563,773
Color'do & South, b Oct
July 1 to Oot 31... 2,115,386 1,379,418 4535,416
17,709
9.379
19,318
Oolum.Newb.A L.b.Oot
57,095
21,335
61,375
July l to Oct. 3i...
120,227
142,542
1142,335
Col. Sand. & Hock, b Aug.
226,429
275,637
1187,163
July I to Aug. 31...
19.768
23,598
Oct
37,937
Copper Range
55,332
129,321
72,301
July 1 to Oct 31...
11,292
1,727
7,660
Oot
Corn wall. a
43,198
8,138
33,631
July 1 to Oot 31....
31,643
7,053
20,190
Cornwall & Leban..Oct
131,169
40,433
93,137
July 1 to Oct. 31...,
115,976
38,046
119,231
Cumberland Val.b.Oct
323,574
918,551
1,002,340
Jan. 1 to Oct 31
699,529
Deiv.ARloG'rte.blOct 1,699,176 1,597,914
July I to Oct 31... 6,322,158 6,211,637 2.671.404
22,614
65,850
72,443
Detroit A Maok'c.aOct
91,117
268,151
273,967
July 1 to Oct 31...,
231.160
98,800
259,206
Dul. So. 8h.A Atl. b. Oct.
426,616
971,747
July 1 to Oct 81..., 1,031,483
.
.
..
—
.
170,342
—
-- Gross
.
week of December.
LXXV.
««t Earuingb Moutnij to Latest Dates.—The following
showsthe gross and net earnings to latest dates of -all Steam
83,131
to Deo. 14 4,813,232 4,867,132
287,233
to Oct 31
289,619
to Nov. SO
88,511
97,802
to Dec. 14 19.924,026 16,532,975
to Oot 31 5,299,157 4,847,203
to Nov. 29 4.601,500 3,930,700
to Nov. 30
646,174
559,357
to
|V0L.
>
u499,804
u 1858,744
3,068
13,664
1,853,763
9,853,087
66,029
216,168
1,043
2,521
3,020
10.851
2,006
15,690
1,576
6,427
838.175
1,135,241
119,942
1131,300
1,467,039
5,221,270
9,549
17,896
333.389
805,483
633,108
2,650,812
6,046.723
751,907
2,472,320
def.4,126
def.15,412
631,502
2,383,093
274,015
1,190,934
2,141,720
3,860,772
255,380
928,946
246,063
868,482
179,394
689,129
1,815,241
6,006,707
1,365,855
4,894.578
63,944
264,927
130,330
493,482
629,697
2,027,243
70.336
219.181
dl49,623
(1485,996
5,797
IT
32,380
33.698
1162,563
9,390
21,017
6,206
22,230
17,251
67,131
53,225
339,743
596,054
2,464,076
6,272
53,823
69,107
362,064
December
THE CHRONICLE.
£0, 1902.1
— Cross
Earnings.
Current
Prfvmus
Year.
Year,
.Yw Earnings.
Previous
Year.
i
3,818,152 3,757,162
...14,179,340 14,672,152
1,178,477 1,118,483
4,349,163 4,878,732
FalrohtldAN. East. Oct
4,853
3,016
1,828
1,341
July 1 to Oct. 31....
13,618
11,904
5,460
5,965
Farmv.APowh't'uaOct
7,007
6,058
555
1,001
JulyltoOot 31....
27,860
23,400
1,524
1,712
Den. City. bOct
242,790
198,692
72,910
37,841
922,524
713,960
July 1 to Oct. 31....
251,999
183,630
Georgia. a
... Oct
240,714
233,431
104,318
115,972
July lto Oot 81....
649,197 q292,692 q207,186
781,094
129,119
108,779
Ga. South. A Fla.a.Oct
38,607
32,595
July lto Oct. 31....
483,979
423,407
135,509
121,991
GilaVal.GlobeAN.aOct
36,162
24,362
15,369
20,203
July lto Oct. 31....
98,211
116,806
59,457
57,920
819,032
Gr. Trunk of Can... Oct.
2.394,805 2,252,216
797,619
July 1 to Oct Si.... 9,131,014 8,540,220 3,210,430 3,020,636
64.725
Gr. Trunk West... Oct
446,745
385,914
64,238
JulyltoOot 31.... 1,581,614 1,445,838
168,382
196,120
Det.Gr. H.AMil.Oct
113,876
101,710
28,226
24,819
431,172
892,240
132,368
July 1 to Oct 31....
109,982
153.322
Gulf A8hiplsl...a Oct
123,465
63,601
45,755
JulyltoOot 31.,.. 556.525
436,401
200.668
117,337
Hocking Valley. a.. Oct
507.070
195,046
500,517
223,424
JulyltoOot 31... 2,083,132 1,842,205
811,005
760,886
Houst.ATex.^er.bSept
586,984
517,476
294,191
239,897
517,649
July .1 to Sept 30.... 1,328,184 1,325,890
486,096
Illinois Central... a.Oct
4,044.808 3,752,331 1,358,301 1,288,184
JulyltoOot. 31. ...14,528.503 13,736,540 3,866.572 4,268,296
144,788
147,090
48.823
40,836
Ind. 111. A Iowa.b.Oot
540.922
562,796
147,318
July 1 to Oct 31....
177,074
227.736
255,521
Iowa Central. a... Oct
80,897
36,471
845,060
120,485
844,760
129,951
July lto Oct 31....
6,315
977
Iron Railway. b.... Sept
6,130
1,894
18,656
18,861
4,044
6,747
July 1 to Sept 30....
KanawuaAMieh.a Oct
105,174
105,792
11,336
26,612
297,067
363,502 def.9.421
July lto Oct. 31....
81,918
1590,356
529,397
Kan. City South.a.. Oct.
194,612
J195.726
July lto Oct 31. ..42,078,326 1,796,977
539,514
t557,524
77,045
Lehigh Val. BR.a..Oct 2,001,943 2,894,058
867,520
JulyltoOot 31... 6,715,646 10,087,552 df.680,064 2,346,572
303,888 2,138,415 df.216,413 def.34,522
Leh. V. Coal Co.a.Oct
672,440 6,921,100 df.694,043 df.332,597
July lto Oct. 31....
df.139,367
Total bothoo's.a.Oct
832,998
df.1374107 2,013,975
July 1 to Oct. 31
46,444
37,771
15,835
Lexing'n AEasT.b.Oot
13,614
192,859
139,100
78,198
July 1 to Oct 31....
55,332
Ino. 82,522
Inc. 20,200
Oct
Long Island
Ino. 161,066
Deo. 65,203
July lto Oct. 31
43,963
15,596
Louisiana & Arkan'. Sept
38,744
17,717
121,702
108,457
37,113
42,097
July lto Sept 3o.
72.356
63,847
26.550
18,455
Lou. Hen. ABt. L..Oct
277,678
246,070
96,730
72,971
July lto Oct. 31....
3,156,572 2,775,304 1,123,483
929,715
Loulev. A Nashv. b.Oct
JulyltoOot 31.... 11,525,828 9,968,751 3,691,207 3,000,663
17,706
15,150
2,037
Maoon & BlrmlngbOot
6,849
54,866
40,332
def.718
JulyltoOot 31
1,974
12,216
Manistee A Gr. Rap. Oct
12,212
1,646
3,072
43,943
45,423
7.338
July 1 to Oct 31....
8,719
27,898
27,106
14,866
10,365
Manistee & No. E.a. Oot
287,233
289,619
145,461
132,729
Jan. lto Oot 31....
Nov.
def. 267
Manlstlque.b
4,703
4,275
def. 620
97,802
88,511
39,273
29,463
Jan. 1 to Nov. 30....
1,995,171 1,456,159
445.246
516,108
c Mexican Cent. e.. Oct
Jan. lto Oct. 81. ...17,165,808 14,326,764 4,974,907 3,880,867
cMex.Intern»t'l...O0t
584,358
501.070
221,407
176.982
Jan. lto Oot 31.... 5,299,157 4,847,208 2,022,618 2,010,814
4,317
3,513
894
17
Millen A South west. Oct.
16,536
JulyltoOot 31....
12,087
4,659
def. 72
48,140
57,668
10,056
15,693
Mineral Ran ge.b... Oot.
185,663
212.441
33,383
50,155
July 1 to Oct 31....
341,996
Minn. A St. Loals.a.Oot
340,812
135,742
142,532
549,435
540,664
July lto Oct. 31.... 1,317,764 1,251,223
692,109
519,152
423,224
gM. St. P. A 8. 8. M.b.Oct 844,468
JulyltoOot 31.... 2,740,010 2,187,369 1,460,497 1,200,586
Mo.Kan.ATexas.a.Oct. 1,894,856 1,891,465
749,231
798.782
July lto Oct. 31.... 6,365.016 5,992,286 2,108,531 1,955,543
Mo. Pao.AIr. Mt.b.Sept 3,228,006 3,197,432 1,121,632 1,046,513
Jan. lto Sept 30. ...26,822,585 26,638,787 8,367,293 9,519,482
Wash. Ch.A8t..L.b..Oct n822.287 n706,298 n245,586 11253.825
July 1 to Oct 31. ...113044,698 n2604,927
n969,313 u828,034
cNat'lRR.of Mex.Sept
808,073
579,601
316,185
161,316
Jan. lto Sept 30.... 6,684,853 5,728,241 2,292,345 1,821.643
NeT.-Cal.-Oregon.a.Oct
26,392
19,201
15,761
8.231
81,429
29,240
July 1 to Oot 31....
63,198
40,486
4,679
2,143
Nevada Central.... Oct
4,808
2,322
14,632
13,899
July lto Oct 31...
5,144 def. 2,948
169,626
384,149
521,701
36,755
N. Y. Ont. A West.aOct
695,092
July 1 to Oot 31.... 1,480,270 2,127,510
166,894
181,581
127,893
N. y.8us. AWest.a.Oot
267,119
19,728
478,221
500,869
998,667
July lto Oct 31....
106,369
765,667
Norfolk A West'n.a. Oct 1,744,629 1,632,059
723,231
July 1 to Oct. 31.... 6,760,991 5,863,491 2,815,735 2,554,090
316,573
768,907
Northern Central.bOct
819,707
223.173
Jan. 1 to Oot 31.... 6,876,771 6,881,071 1,917,978 2,042,178
41,192
39,661
12,926 def.5,411
North Shore (Cal.)bOot
88,329
374,142
333,142
Apr. lto Oot 3 l....
165,990
Pacific Coast Company -See Miscellaneous Companies.
JulyltoOot
Oct.
3
l
FtW*
Pennsyiv ania—
Lines directly operated
jEastofPitts.AE.Oct 10,546,875 9,530,275 3,879,297 3,847,497
Jan. 1 to Oot 31. ...93,668,094 84,249,394 32,567,663 29,871,863
Ino.
40,900
West of Pitts. AE.Oct
373,700
Deo.
Inc. 5,380,200
Ino. 1,135,500
Jan. 1 to Oct 81
j
Pere Marquette.a..Oct
939,151
857,031
— dross Earnings. —
Current
Previous
,
1
('•in ni
1 ear.
Roads.
Erie.a.
1349
262,922
Jan. 1 to Oct 31.... 8,242,088 7,635,983 2,119,971
Philadelphia Company— See statement on page 1144.
Phila. & Erle.b
615,583
709,718
Oct
223,543
Jan. lto Oot Si.... 5,241,178 5,679,166 1,790,805
200,192
1,857,125
316,372
2,325,080
Year.
Year.
—
<~
Net Earnings.
Current
Previous
,
Year.
Year.
Roads.
$
$
$
$
Phil.WIlm.A Balt.bOot
1,144,881 1,078,881
620,836
570,186
Nov. 1 to Oot 31. ...12,230,749 11,808,249 4,189,821 3,948,721
Pine Bluft Ark. R... Sept
2,259
1,799
216
190
July lto Sept 30...
6,687
4.852
1,868
def.914
Pitts. O.C.&St.L.aOct
2,085,760 1,975,938
615,291
643.922
Jan. lto Oct 31. ...18,778,421 17,033,165 5,183,051 4,977,778
Reading Company—
Phlla.ARead'g.b.Oct 2,244,542 2,845,254
713,323 1,177,033
July lto Oct 31... 8,097,356 10,054,095 2,130,849 3,855,299
Coal & Iron Co. b. Oct
516,996 3,165,134 df. 161,664
453.015
July 1 to Oct 31.... 1,170,822 9,786,837 df.956,760
934,482
Total both Co.'s.bOct
2,761,538 6,010.388
551,659 1,630,048
July 1 to Oot 31.... 9,268,178 19,840,932
Reading Co. b
Oct
July i to Oct, 31
Total allComp's.bOct
July 1 to Oct 31
Rloh. Fred. A Pot.. July
Rio Grande Junct.. Sept
Deo. 1 to Sept 30 ..
Rio Grande 8outh.b Oct
1,174,089
109,952
459,392
661,611
4,789,781
84,918
324,251
1,714,966
5,114,038
1,633,481
102,441
85,419
28,739
31,348
57,789
56.425
f 17,337
f 16,927
468,305
460,796 1 140,492 f 138,238
59,089
57,441
32,126
25,833
JulyltoOot 31.... 216.122
201,259
113,846
90,264
130,916
148,331
St. Jos.AGd. Isl.a.Oct
50,169
60,835
July 1 to Oct 31....
416,594
532,702
113,608
190,193
8t.LouisAN.Ark.bOct
18,716
21,417
7,158
11,150
JulyltoOot 31....
77,896
80,163
35,152
38,997
2.348.520 2,177,812
Ii8t. L.A SanF. b.Oct
971.353 1,069,671
July 1 to Oot 31.... 8,349,999 7,435,405 3,280,452 3,838,408
9t.Louls8'west.b. Oct
779,740
774,743
340.499
313,137
JulyltoOot 31
2.485,135 2,452,856
806,160
638.020
SanAnt.AAran.P.aOct
256.681
305,422
76,637
130,954
980,505
934,021
July lto Oct 31....
319,436
319,891
110,192
Ban Fr. & N. Pao.a.Nov.
94,823
17,173
33,381
625,726
July lto Nov. 3i>.—
543,094
234,943
234,017
Seaboard Air Line a Oct 1,160,879 1,082.197
348,122
398,134
July 1 to Oct 31.... 4,133,117 3,772,234 1,145,089 1,279,234
iSouthernPao.Co.aOct 8,279,211 7.875,421 2,972,712 3,111,700
July lto Oct 31. ...30,065,905 28,904,440 10,498,398 10,903,109
36,696
22,977
Carson A Colo.. b.Sept
25,022
13,996
110,373
62,353
July 1 to Sept 30....
74,092
35,982
Central Pacific -b.Sept 2,078,724 1,878,582
995,082
751,907
July 1 to Sept 30 ... 5,872,162 5,753,673 2,608,651 2,472,320
20,353
16,958
Direct Nav. Co. b.Sept
3,050
2,289
27,402
23,430
July 1 to Sept 30 . .
def.848 def.4,275
574.793
Gal.Har.AB'n A.bSept
589,811
160,332
171,074
July 1 to Sept 30.... 1,585,480 1,729,360
295,584
497,183
Gal.Hous.&No.b.Sept
136,559
40,887
66.135 def.1,039
237,255
106,635
July 1 to Sept 30
93,765
2,922
19,208
17,332
GulfW. T.APao.bSept
3,230
5,368
51,426
45,810
12,721
July 1 to Sept. 30....
9,438
Honst.E.AW.T.b.Sept
72,325
68,739
5,901
18,161
200,622
203,310
July 1 to Sept. 30....
3.714
49,796
21,716
Houst. A Shreve.bSept
17,894
8,428
7,079
57,293
July 1 to Sept 30.
48,759
17,057
14,259
586,984
517.476
Hous. & Tex. C.b. Sept
294,191
239,897
July lto Sept 30 ... 1,328,184 1,325,890
517,649
486,096
4,881
Iberia &Vermll.b. Sept
4,363
1,798
2,720
14.396
11,850
July 1 to Sept 30....
6,595
6,690
Louisiana West. b.Sept
164,345
143,183
71,687
56.677
506,031
428,690
230,895
July lto Sept 30....
175,746
Mg'u'sLa.ATex.bSept
374,531
363,394
185,620
146,092
July lto Sept 30.... 1,093,394 1,308,377
431,901
486,962
19.102
17,791
N. Mex.& Ariz. b.Sept
4,221 def. 19,696
July 1 to Sept 30....
60,412
61,679
13,504 def.19,333
46.692
37,079
23,417
S.Y. Tex. AM. b.Sept
18,326
119,901
93,220
59,259
July 1 to Sept 30
38,510
349,782
303,871
Oregon & Calif. b.Sept
98,663
109,447
911,723
July lto Sept 30.... 1,011,987
310,158
341,497
36.370
Sonora Rallw'y. b.Sept
42,609
1,396
4,734
116,908
114,896
July 1 to Sept 30
6,983 def.5,604
95,812
91,303 def.1,497
So. Pao. Coast.. b.Sept
12,436
297,328
272,987
July lto Sept 30....
30,539
47,649
p8o.Pao.RR. Co. bSept 2,572,633 2,276,585 1,110,986
994,989
July lto Sept 30.... 7,127,804 6,975,946 2,947,492 3,206,356
8o.Pac.S8. Lines. bSept
450,241
145,681
July lto Sept 30.... 1,019,015
239,778
Texas AN. Or lb. Sept
280,948
227,424
39,488
39,218
809,160
724,176
July lto Sept 30....
165,532
188,036
southern Rallw'y.aOot 8,872,389 3,584,111 1,282,230 1,310,791
July lto Oct 31. ...14,282,404 12,667,029 4,304,431 4,035,214
Texas Central. a. ...Oot
74,332
81,546
31,062
27,708
203,392
July 1 to Oct 31....
217,532
50,292
67.370
281,712
Toledo A O.Cent.a. Oot
258,898
57,787
68.034
July lto Oot 81.... 1,078,937 1,023,011
221,669
273,908
ToLPeorlaA West.bNov.
91,370
99,243
19,697
18,629
502,171
509,667
July 1 to Nov. 30....
125,285
142,734
Onion Pao.Sysfma.Oot 4,965,951 4,797,260 2,485,303 2,480,818
July 1 to Oot 31. ...18,123,262 17,110,362 8,953,104 8,355,684
Wabash. b
Oot 1,970,096 1,805,700
606,709
617,654
JulyltoOot 31.... 7,436,241 6,705,703 2,326,352 2,131,802
W.Jersey A Seash.bOct
267,830
260,730
43,438
41,638
Jan. 1 to Oct 31.... 3,444,321 3,24a,421 1,008,795
920,795
Wheel. A L.Erie. b.Oct
373,969
328,279
86,895
113,488
July lto Oct 31.... 1,422,129 1,236,881
326,842
403,857
5,331
WiohltaValley.a....Aug.
7,413
5,026
3,335
Jan. 1 to Aug. 31....
89,617
45,970
18,966
24,650
vTmsp'rtANo.Br.aOct
15,691
11,585
6,854
4,801
July 1 to Oct 31....
67,741
53,801
29,099
22,152
Wisconsin Central b Oct.
642,432
270,154
556,975
216,419
956,351
July lto Oct. 31.... 2,877,334 2,126,923
819,730
10,272
Wrlghtsv.A Tenn.bOot
19.617
16,372
8,578
45,490
25,454
July 1 to Oot 31....
60,fc93
15,754
Yazoo A Miss. Val.a.Oct
758,954
666,434
298,087
280,083
July 1 to Oct. 31.... 2,273,398 1,970,512
366,023
462,877
•
.
a Net earnings here given are after deduotlng taxes,
b Net earnings here given are before deduotlng taxes.
c These figures are in Mexican currency, and are convertible into
gold at the current rate of exchange.
——
1.
.
THE CHRONICLE.
1350
[Vol.
— Rentals, — ^Bal of Net Earn'gs.s
Previous
Current
Precious
Current
d Net, after deducting taxes, is $147,082 and $132,036 for the
month, and #453,185 and $415,763 from July 1, respectively.
e Results on Monterey & Mexican Gulf Included from March 1, 1902.
f Thirty per cent of gross earnings.
g Includes Missouri Paclflo & Iron Mount'n and also Cent'l Branch
1 These figures include Houston <fe Texas Central and Its subsidiary
lines and also Steamship Lines.
j These figures include results on the Buffalo & Allegheny Valley
Division in both years.
k These figures Include in both years results on Kansas City Fort
Scott <fe Memphis RR. and Fort Worth & Rio Grande RR.
n Includes Paducah <fe Memphis Division from July 1 in both years.
Expenses for Oct. Include $62,682 paid for improvements on this
division and $171,752 from July 1, 1902.
p Includes results on former Southern Pacific of Arizona, Southern
Pacific of California and Southern Pacific of New Mexico.
q Including remittances from connecting roads, total net Inoome for
four months is $322,692, against $237,186 for the same period last
year.
t After adding $7,837 other inoome for Ootober, 1902, and $2,941
for Ootober, 1901. total net inoome amounts to $60 984 and
$52,883, respectively. From July 1 other Income amounts to $25,632
and $11,434, making total net income $177,998 and $142,734, respectively.
earnings of 8avannah Florida & Western in both years.
$39,190 other Income in Ootober, 1902, against
$27,6o0 for October, 1901. Total other income from July 1 to
Oet. 31 is $491,587 and $366,396 respectively.
Ootober, 1902, taxes and rentals amounted to $183,11%,
t For
against $172,531, after deducting which net for October, 1902, was
$2,487,690, against $2,235,164. From July 1 to Oot. 31, 1902, taxes
and rentals amounted to $746,405, against $631,0j8, after deducting
whioh net was $7,331,109, against $7,990,979.
J Kansas City Sub. Belt inolnded from January 1, 1902.
t Includes Rio Grande Western for both years.
% For August, 1902, taxes and rentals amounted to $5,313, against
$5,168 in 1901, after deducting which net for August, 1902. was
$37,022, against $28,525. Taxes and rentals from July 1, 1902, to
Aug. 31 amounted to $13,286 against $12,269. after deducting which
net was $73,877 and $50,294 for 1902 and 1901 respectively.
a Inoluding
v
,
,
July
8uffalo
28,536
13,041
31,375
129,643
24.4C0
116,480
17,281
48,745
21,179
161,116
13.832
40,133
18,047
140,707
Mllwauk. Gas
$
$
$
—
.
—
—
. . .
551
6,061
808,524
1,617.048
129,210
523,229
227,567
932,098
33,688
134,758
308,733
1,220,708
78,624
314,549
8,344
28,585
73,017
290,934
17,041
67,917
11,447
44,314
6,092
60,919
6,272
31,617
308,469
1,220,173
152,510
610,039
2,210
9,425
192,041
768,526
8,382
59,577
126,053
1,225,674
486
1,449
419
def.2,363
BeadingOct
835,«84
879,082 df.239,389
901.000
July lto Oct. 31.... 3,544,000 3,516,328 df.1910519 1,597,705
9,2! 9
9,629
7,708
BioGrandeJunct...Sept
7,708
63,110
61,156
77,082
77,082
Dec. 1 to Sept 30....
13,093
7,251
19,033
18,082
Bio Grande South.. Oct.
36,011
17,154
73,110
77,805
July 1 to Oct. 31....
38,502
52,085
11,667
8,750
<St. Tos. & Gr. Isl'd.-Oct
(36,940
155,193
35,000
46,668
July 1 to Oct. 31....
•432,789
•584.410
542,501
481,384
8t. L. & San Fran... Oct.
2,142,423 1,648,102 '1,186,656 1,700,373
July 1 to Oct. 3i
68.197
10,003
62,757
1166,634
San Ant.& Ar. P ...Oct
233,864
51,172
36,027
July lto Oct 31.... 11268,264
10,610
22,771 def 5,502
22,675
Sao Fran & No. Pac Nov.
113,885
122,168
120,162
112,775
July 1 to Nov. 30 ...
•786,965
Southern Pac. Co. Oct >3,055,451 2,403.449 'df.44.321
)12330d47 8,816,036 *dU524120 '2,441,314
July lto Oot 3i
•28.603
*19,519
39,826
38,719
Toledo <fe Ohio < -en. .Oct
"68,014
•115,832
159,576
155,501
July 1 to Oct. 3i
28.051 def.2,841 def.4,422
22,538
Sol. Peo. & West. Nov.
12,595
27,480
115,258
112,689
July 1 to Nov. 30 ....
1922
131
3,104
8,204
Aug.
Wichita Valley
9,27
15,379
1,023
17,943
Jan. 1 to Aug. 31
4,449
2,510
2,292
2,404
Wmsport & No. Br. Oot
19,380
12,985
9,168
9,718
July 1 to Oct 81
All companies
.
1
.
—
L.
Co.Nov
Jan. 1 to Nov. 30
Mlnneap Gen.
,
Year.
$
1116,837
1831,957
35,741
72,023
25.518
t87,866
t209,456
15,067
57,405
117,110
1,021,237
5,719
15,943
10.452
73,624
71,695
605,838
18,760
109,486
317,277
10,145
52,689
104,862
934,319
3,421
9,196
9,274
63,399
63.970
501,931
20,280
111,918
307,255
32,367
66,019
9,553
Eleo. Sept
41,625
35,998
Coast Co.. aSept
519.911
500,090
July 1 to Sept 30... 1,552,078 1,375,321
Philadelphia Co.— See statement on page 1144.
tlhe month's proportion of the dividend on preferred stock was
$42,-6 1 against $34,489 last year, leaving a surplus for Ootober. 1902
of $73,973 against $53,377 last year. For the 4 months the oail for the
dividend was $171,456 in 1902, against $138 558 In 1901. leaving a
surplus for these 4 months of $160,501 In 1902. and $70,898 in 1901
faorflo
Interest Charges and Surplus.
.
—
Current
/>;/.,
Rentals,
etc.
—
,
Previous
of Net Erirn'gs.—s
Precious
Current
>—B<il.
Year.
Year.
Year.
Year.
$
$
$
$
4,704
1,384
3,933
8,144
Companies.
Col. & Hocr. C. & Ir.Oct
Lowell Elec. Lt. Co Sept
July 1 to Sept. 30....
Mlnneap. Gen. Eleo. Sept
4,778
974
2,647
8,180
20,814
4,335
12,010
10,615
Street Railway Net Earnings.— In the following
4,776
2,447
6,549
12,099
we show
both the gross and the net earnings to latest dates of all Street
railways from which we have been able to procure monthly
returns, As in the case of the steam roads, the returns of the
different roads are published by us each week as soon as received, and once a month (on the third or the fourth Saturday of the month) we bring together all the reads reporting,
as is done to-day.
,
— Gross Earnings. —
Current
Previous
Set Earnings.
Current
Precious
Year.
Athens Eleo.
Ry
...
Nov.
Jan. 1 to Nov. 30...
Aur'raElg.&Ch.Ry.Scpt
Blnghamton Ry..b.Oct
Brooklyn Rap. Tr.a.Oot
July lto Oct 31...
Year.
Fear.
$
$
,
Year.
$
Roads.
$
4,110
43.201
4,094
35,875
d21,451
2,677
26,553
2,822
22,039
.111,031
17,107
1,114,772
4,702,510
16,884
1,067,132
4,478,232
6,414
469,797
2,178,762
1,742,376
40.739
621,444
14,112
177,249
39,033
457,980
12,040
159,451
13,494
268.132
7,723
104,497
14,476
168,514
6,236
91,217
7,691
363,520
Charleston Consol. Rail-
way Gas & Elec. Oct
Deo. 1 to Oot 31 ...
Ohio. * Milw. Eleo Nov.
Jan. 1 to Nov. 30....
Cincinnati Dayton & Toledo Traction a... Nov.
June 1 to Nov. 30 ...
*Cin. Newp. & Cov Light
6 Traction
Jan. 1 to
Citizens' Ry.
a Oct
Oct
31....
01tyEleo(Rome,«a)Nov.
Jan. 1 to Nov. 3o....
Olev.
39,967
266,216
19,247
131,642
97,677
904,256
70,630
681,272
47,173
400,954
32,108
278,470
8,833
63,164
3,407
38,814
27,924
273,101
16,213
100,677
6,126
52,815
S.177
37,667
21,125
232,885
15.639
139,823
2,438
22,129
1,446
& Light—
(Muscatine, la.). .Sept
Jan. lto Sept. 30....
'
. .
$
<fe Hook. C. &I..Oct
Gas & Eleotrio Co. of
Bergen County. .Oct
June 1 to Oct 31....
Col.
Year.
5,594
3,063
28,190
8.152
2,211
1,455
14,939
9,629
1,422.433 1,333,196
2,409, v<82 2,243.724
•216.646
"152.795
'667,740
*486,816
189,684
302,130
737,644 1,095,145
21,652
36,648
89,886
84,428
t389,438
t291.778
U, 445,154 U.283,165
•19,785 *def.9,137
•109,913
*69,399
11,859
8,391
29,335
31,777
•112.904
•155,708
•545,424
•504,069
28.295
30,990
109,157
75,985
*15,744
def.*3.246
•39,808
df.*61,756
8.815
4,273
84.9o5
71,810
•2.094
•8,483
*1,195
18,763
438,575
490,313
862,495
735,370
101,315
95,199
366,165
217,995
6,021
13,886
19,815
32,541
510,298
573,626
1,968,642 1,785 564
1,050 def.13,793
28,752
89,986
74,139
127,268
631,451
775,047
def.296
def.267
$
Oct lto Nov. 30
Previous
2,083
10,417
Year.
Net Earnings.
Current
Previous
Year.
1 to Oct 31
Gas Co. .. Nov
Year.
Roads.
$
Atlantio & Blrm'trh.Nov.
2,883
11,992
July 1 to Nov. 3o....
550
Bellefonte Central Nov.
Jan. 1 to Nov. 30....
6,050
813,000
Ohio. Burl. & Quincj Aug.
1,626,000
July 1 to Aug. 3i
135,802
Chic. & E. Illinois.. Oct
543,885
July 1 to Oct 31....
233,261
©lev.Oin.Oh.&st.L Oct
942.172
July 1 to Oct 31....
33,688
Peoria &East
Oct
134,753
July 1 to Oct 3i
318,102
Den. & R. Grande.1. Oct
July lto Oct. 31.... 1,2^0,628
79,642
Dnl. So. Sh. & Atl...Oct
319,077
July 1 to Oct 31
«Hla Val.Globe & N.Oct
116,978
1127,680
July 1 to Oct. 31....
82.142
299,105
July 1 to Oct 31....
Indiana 111. A la.... Oct
17,838
71,333
July 1 to Oct. 3 1
15,183
Kanawha* Mioh...Oct.
54,681
July lto Oct 31
6,051
Manistee 8t No. E. . Oct
60,506
Jan. 1 to Oct 31
8,196
Oot.
Mineral Range
32,786
July 1 to Oct. 3i
310.656
Mo. Kan. & Texas.. Oot
July 1 to Oct. 81... 1,246,036
150,387
Nashv. Chat.& St. L.Oct.
603.148
July lto Oct 31....
1,875
Hev.-Oal.-Oregon
Oct.
7,945
July l to Oct 31
212,933
Korfolk & West'n....Oct.
817,093
July 1 to Oct. 31
11.876
North Shore (Cal.,..Oct
76,004
Apr. 1 to Oct 31
135,654
Pere Marquette... Oct.
Jan. 1 to Oct 31.... 1,341,924
483
JPlne Blufl Ark. K... Sept
1,449
July 1 to Sept 30....
Year.
$
Companies.
Earn'gs.—*
t
-.
Amer. Light ATrao. Oct
(uncut
— V.al. of Xi
— Gross Earnings. —
Current
Previous.
Year.
Year.
—
Year.
Miscellaneous Companies.
Year.
etc.
Year.
respectively.
inolude $670 appropriated for betterments and
11 These figures
additions to properties and equipment in Oot., 1902, and $2,036 in
Oot, 1901. The totals from July lto date are $2,447 and $3,352
respectively.
Previous
Rentals,
.
,
•
Laclede Gas L't Co. Nov
Jan. 1 to Nov. 30
Lowell Eleo.Lt. Co. Sept
July lto Sept 30....
Mexloan Tel'phone.Oct
Mar. 1 to Oct 31....
Int.,
etc.
Year.
Current
.
J«i.,
Roads.
$
$
$
$
Wisconsin Cent
145,037
139,940 *130,562
*78,907
Oct
July lto Oct 31....
*385,476
585,244
560,944
*267,152
Alter allowing for oth«r inoome received
t Includes Rio Grande Western for both years.
t These ngures are after allowing for other income and for discount
and exchange.
After deducting $10,000 for Renewal Fund in
Ootober, 1902, and $10,000 in Ootober, 1901, the surplus for the
montn is $379,438, against $281,778 a year ago. Similarly, after
deducting $40,000, the surplus from July 1, 1902, to date is |l,405,154. against $1,243,165 a year ago.
5 These figures include $1,713,747 appropriated for betterments and
additions to properties and equipment in Oct., 1902, and $1,041,531
In Oct., 1901. From July 1 to date appropriations are $6,988,017
and $3,368,665 respectively.
y Interest on ad vanoes by Southern Pacific not taken into acoount,
but figures Include $3,634 appropriated for betterments and additions to properties and equipment in Oct., 1902, and $5,0 68 in
Oct., 1901. Amounts from Julyl to date are $16,264 and $31,346
Includes
Interest Charges and Surplus*—The following roads, Id
Addition to their gross and net earnings given In the for< •
going, also report charges for interest, &o., with the surplus
above or deficit below those charges.
LXXV.
ElyriaA West Nov.
Jan. 1 to Nov. 30....
Ulev.Palnesv.A E...Oct
Jan. 1 to Oct 31....
Detroit & Port Huron
ShoreLlnea
Nov.
32,117
27,979
204,644
184,935
July lto Nov. 30 ...
290,750
254,807
u-etroit United. a... Nov.
Jan. 1 to Nov. 80.... 3,171,833 2,767,730
Dulnth-Sup. Trao.-Nov.
46,416
39,217
488,607
412,559
Jan. 1 to Nov. 30._..
16,910
12,951
Eastern Ohio Traot.Nov.
Elgin Aurora ASo.aNov.
33,543
27,322
222,850
196,431
June 1 to Nov. 30...
375,432
331,465
Jan. 1 to Nov. 30....
370
483
4,199
11,180
120,929
6,558
74,058
4,973
8,756
104,467
7,081
68,024
10.930
87,280
123.256
10,533
85,585
106,125
l,Ss<0,515 1,236,681
19,990
17,018
829,200
180,286
6,970
2,303
12,469
10,184
96,988
W4.269
114,039
154,194
—
,
December
— dross Earnings. —
Precious
Current
,
Tear.
Roads.
Galveston City Ry..Oot
Jan. 1 to Oot 31 ...
Harrisb'g Traot'n..Oot
Jan. 1 to Oct 31
Year.
Year.
3,
$
Montreal St. Ry
Oct
New London St. Ry.Nov.
July 1 to Nov. 30
North. OhioTrao a Nov.
Jan. 1 to Nov. 30
Oakl'd Trans. Cons. Oct
Jan. 1 to Oct. 31....
Or at) ge Co. Trao
Sept
July 1 to Sept. 30-...
Paolfio Eleo. Ry.b.. Aug.
Peeksklll Lt
RR.Oct
July 1 to Oct. 31
&
Rochester
Ry
Nov.
29,374
181,406
3,904
38,852
68,362
680,888
81,955
777,672
10,069
87,212
71,718
9.023
37,6*6
91,179
$
6,266
45,391
15,092
166,527
14,478
4,614
19,226
36,981
153,788
492,397
5,628
27,938
12,292
129,139
Jan. 1 to Nov. 30
1,004,583
Sacramento Electric Gas
46,707
& Railway Co.... Oct
Feb. 1 to Oct 31
363,100
8avannah Eleo. Co. Sept
42,882
8eattle Eleotrlo Co.Sept
163,685
Springfl'd (Ill.i Con.Oct
21,627
Jan. 1 to Oct 31....
161,858
Byraouse Rap Tr.bOct.
July 1 to Oct 31....
Syracuse & SuburbanJuly 1 to Sept. 30
Terre H. Eleot. Co.. Sept
Toledo Bowling Green
& eouth'n Ti aot..Oct
25,801
166,061
3.R65
88.978
49,247
563,526
74,960
10,615
87,453
85.925
924,007
17,993
21,501
243,650
27,114
4,546
20,618
40,962
384,641
21,284
186,775
20,080
55,796
8,728
18,975
165,212
16,538
43,795
6,723
59,585
242,326
36,901
312,104
38,402
127,425
19,927
142,303
56,205
223,001
26,941
108,458
25,380
100,651
22,294
32,716
22,273
32,156
9,800
12,773
9,333
9,377
interest Charges and Surplus.— The following Stbeh"
—
,
Current
Previous
Current
Previous
Tear.
Tear.
Tear:
Tear.
Roads.
Charleston Oonsol. Rail-
KiPc.Oot
June
1 to Nov. 30
Jan. 1 to Nov. 30
Intern'l Ry. (Buff.) Sept
July 1 to Sept 30
Jaoksonv. Eleo. Co.Sept
May lto Sept 30....
Lond.8t.Ry (Can.). Nov.
Jan. 1 to Nov. 3u
Milwaukee Eleo. Ry. &
Lixht Co
Nov.
Jan. 1 to Nov. 30
Milwaukee Light, Heat &
Traction to
Nov.
Montreal St. Ry....Oct
Northern Ohio Trao. Nov.
Jan lto Nov. 30
—
Roohester
& RR.Oct
Oct 31
Ry
Nov.
Jan. 1 to Nov. 30
Sacramento Eleotrlo Gas
Oct.
A Railway Co
Feb. 1 to Oct 31
Savannah Eleo. Co.Sept
Seattle Eleotrlo Co Sept
Terre H. Eiectr. Co.. Sept
Twin City Rap. Tr...Oct
Jan. lto Oct 31
United Trao. (Alb'y)Nov.
&
Virginia Passenger
-Bat. of Net Earn'gs.—,
Previoxis
Current
Tear.
2,083
8,333
24,827
273,024
10,335
95,021
9,588
21,877
6,450
177,733
[765,966
23,903
Tear.
Tear.
$
$
14,520
16,804
1,234
7.777
25,062
272,003
9.660
84,416
18,879
4,776
175,664
1736,437
22 479
207,549
10.949
91,754
10,496
33,919
6,322
86,358
873,899
22,207
15,900
112,638
9,315
80,796
25,416
4,600
77,234
687,779
Power Co.
*
X
216,766
July 1 to Oot 31....
Includes other income.
Including dividends paid on preferred stook.
97,426
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
which we are able to ob-
jeriod of all street railways from
tain weekly or monthly returns.
Latest 6ro$$ Earnings.
Gross
Earnings.
A.tnerioan R'ys. Co.
Week or iff Our'nt
Year.
II
November
Athens Eleotric Ry.. November
Aur. Elgin & Chic. Ry. September
$
94,600
4,110
21,451
17,107
Prev'u*
Tear
Jan. 1
to Latest
Dale.
Current Previous
Tear.
9
73,816 1.052,317
4.094
43,201
Tear.
t
822,299
35,875
176.8H5 169.998
16,884
tfinghamxon KR
October...
Br'klyn Rap.Tr. Co. . November 1,030,382 957.954 11,975.670 11,404,631
0,550
4,590
Burlingt'n (Vt.) Trac. November
63,030
54,894
Charleston Cons. Ry.
Ootober... 40,739 39,038
Gas AEleo
14,112 12,040
'moauro & Mil. Eleo. November
177,249 159,451
Cin. Dayton &Tol. Tr. November 39,967
Oin. Newp. & Coving.
904,256 681,272
Light & Traotiont. Ootober... 97,677 70,630
Citizens Ry. & Light
8,833
6,126
63,164
(Muscatine, Iowa). September
52.815
3,17"
3,407
38,814
37 667
JityElee. (Rome.Ga.) November
Jleveland Electric . November 216 720 191,296 2,286 062 2,078,865
273,101
27.924 21,125
232 885
West... November
Oleve. Ely
160,677
16,215 15.63
139,823
Jleve. Pains v. & E... Ootober...
122.947
8.607
9,183
lart.&W'portSt.Ry. November
113,678
Detroit United
2nd wk Dec 62,36!- 57,786 3,298,138 2,881,105
Detroit & Port Huron
2nd wk Dec
Shore Line
4,724
400,641
5,111
364,251
Detroit Ypslla'tl Ann
Arb. <fe Jackson Ry. September 30,53c
<>alnth-Sup rraot. .. November 4,6.416 39.217
488,607 412,559
12,951
16,941
East. Ohio Traction., November
33.543 27,322
375.432 331.465
aigin Aurora & Sou November
16,815 10,804
144,515
halves ton City
Ootober .
102,882
farrlsborg Traction October... 37,447 32,16
382,573 325,145
32.282 27.537
Houston Eleo. St Ry. September
82,5*30
69,2*43
Indianap & East. Ry. Ootober... 10,108
7,4 a 1
In «m'\ Ry. Buffalo) September 315 313 '246,484 2,550,075 *2,03 4,248
Jacksonville Eleo.Oo. September 16,575
373 850 301,698
41.976 32,641
La&e Shore Eiec. Ry. Ootober.
88.719 118,^28
^enlgh Traction
November
7,583 10.419
LjondonSt. Ry.(Can.) November
139.661
12,855 12,084
128,857
Los Angeles Railway September 126,53
1,051,630 793,580
""5,96*9
72.237
Vlad. (Wis.) Traction November
5,926
Met West 81de Elev.. November 165,434 146,006 1,758,379 1,522 514
Mil.Elec.Ry.&Li.Co. November 237,390 205,471 2,477,131 2,188.069
Mil. Li. Heat &Tr. Co. November
29,374 25,^01
vlontreal Street Ry
October... 181,406 166.061 1,748",44*6 1,611,210
&
.
railways, In addition to their gross and net earnings given it
the foregoing, also report oharges for interest, &o., with tb«
rorplus or deficit above or below those oharges.
-Int., Pen als, etc.
r -Bat. ofXcl Earn'gs.—
<fc
Peekskill Lt.
July 1 to
342
15,243
28,690
305,746
36,611
317,517
5,062
20,936
31,324
3,317
16,110
47.3C6
480,573
Aug.
Pacific Electric
8,464
80,850
587
etc.
Previous
Tear.
Roads.
12,874
84,987
Rentals,
Current
$
.
Deo. lto Oct 31
Cincinnati Dayton & Toledo Traction
Nov.
June 1 to Nov. 30....
Oln. Newp. & Cov. Light
& Traction
Oct.
Jan. 1 to Oct 31
Elgin Aurora & So.Nov.
— Int.,
Tear.
21,325
14,709
9,046
6,056
Jan. lto Oct 31....
202,175
146,411
94,034
58,939
Toledo Rys. & L'ht.aNov.
125,936
113,077
70,119
55,804
Jan. 1 to Nov. 30
1,319,483 1,184.705
656.594
611,930
Twin City Rap. Tr.. Oct
304,317
270,953
164,091
152,898
Jan. 1 to Oct 31
2,971,411 2.611,117 1,639,865 1,424,216
United Trao. ( Alb'y) Nov.
128,451
46,110
Jan. 1 to Nov. 31
1,372,245
411,725
Youngstown Sharon Ry.
& Light a
Oct
41,434
17,534
Jan. 1 to Oct 31
354,006
156,675
Virginia Passenger
&
Power Co
Oct
129,342
74,358
July 1 to Oot 31....
314,192
* Results for 1901 are for Cincinnati Newport & Covington Rv.
{ These figures are for the corresponding period of 1900, as the
earnings for 1901 were unusually heavy owing to the Pan-American
Exposition at Buffalo.
a Met earnings aere given are after deducting taxes.
b Wet earnings here <rlven are before deducting taxes.
d Covers only about one-half total mileage, Elgin branch not yet
being in operation.
way Gas
1351
Wet Earnings.
Current
Precious
10,804
16,815
2,609
102,882
144,515
30,612
32,163
37,447
9.592
325,145
382,573
128,818
32,282
27,537
12,707
Houston Eleot. Co.. Sept
10,108
7,421
Ind'p'lls & Eaot. Ry.Oot
42,389
July 1 to Oct 31....
69,243
82,530
Jan. 1 to Oct 31
315.318
1246.484
Intern'l Ry. (Buff.). Sept
U3
999,061
(761,197
July 1 to Sept 30
HI
16,575
Jack^onv. Eleo. Co. Sept
85,900
May 1 to Sept.O
32,641
41,976
Lake Hhore El.Ry.aOot
10,42
301,598
Jan. 1 to Oct 31
873,850
104,14
7,583
10,419 def. 1,333
Lehigh Traction
Nov.
5,97
118,228
29,909
88,719
Jan. 1 to Nov. 30 ...
64,22 4
12.084
5.147
12,355
Lond.8t.Ry.(C»n.)aNov.
6.082
54,233
128,897
139,661
Jan. 1 to Nov. 30
50,621
52,775
126,532
Los Angeles Ry... Sept
793,58*6
466,525
Jan. 1 to Sept S0..». 1,051,630
314,648
Madison Traotlon..Nov.
5.926
5,969
678
1,781
20,100
Jan. 1 to Nov. 30
72.237
Milwaukee Eleo. Ry. &
Light Co..b
237,390
205,471
131,512
Nov.
103,185
Jan. 1 to Nov. 30
2,477,131 2,188,069 1,309,843 1,108,195
Milwaukee Light, Heat &
Traotion Oj.b ...Nov.
,
THE CHKONICLE.
20, 1902.]
,
..
.
.
.
.
.
.
$
12,605
180,151
12,761
75,632
16,155
97,908
.
Musk. Tr. & Light. Co.
August
August
Gas Department... August
Nashville Ry
August
N-iW London 8t. Ry
November
Street Ry. Depart..
Eleotrlo Ligh Dep.
13,817
1,933
2,503
73,07<
3.904
Northern OhioTraot. November 63,362
Northwestern Elev.. November 100,854
Oakland Trans. Cons Ootober... 81,955
.'lean St. Railway... September
Orange Co. Traotlon. September 10,0t9
Paoliio Eleotric
August
71.718
9.02Peeks. L't'g&RR. Co. October. .
f' Wladeiphia Co.
October .. 1.146 298
i
Kys Co.Gen.— Roads. November 22.06
UjjhtCo's
2 172
November
Roohester Railway . November 91.179
.
11,13?
1,895
2.153
61,93.
3,865
49,24"
549,291
66,992
680,888
89,786 1,056,648
74,960
777,672
43,927
10,615
79,524
483,848
64,465
563,526
918,125
40,124
79,236
1,019,627
11,256,274
9,911,050
16 lol
2^2 4*4
20.021
85,925 1,004,533
201.415
18.660
924,007
S96.705
344,210
2,08 5
acramento Electric
Gas* Ry
46,707 36.901
October.
Louis Transit.-.. November i53.577 479,390
Eleot. Co. Sepcembei 42,882 38,402
Seattle Eleotrlo Co... September 163,68 127,425
Sioux City Traction.. August
22,512 20 944
South Side Elevated. November 124,949 115.164
Springfield ((11. ) Con. October. T. 21,62';
19,9a;
Syracuse Rap.Tr. Ry. Octobtr... 59,585 56,205
Terre Haute Eleo.Co. September 32,716 32,156
rol.Bowl.Gr.&So.Tr. October... 21,325 14,70!'
Toledo Rys. & Light. November 125,936 113,077
Toronto Railwav
Wk.Deo.13 35,686 32.500
Twin City Rap. Tran 1st wk Dec 70,300 63,624
'Jnion(N. Bedford).. November 26.489 21,797
Union Trao. of Ind.. September 85,679 67,663
United BR's of San
Francisco
October... 505,048
"nited Trao.-(Alb.) November 128,451
Va. Pass. & Power Co October... 129,342
Youngsto wn -Sharon
Ry. &Lt. Co
Ootober
41,434
.
-*t.
5,888,23/ 5,312,794
Savannah
889
87,981
1,715
92,882
8.092
33,734
21,229
210,764
8,333
49,999
91,667
77,502
235,741
2,875
14,875
1,849
24,014
15,518
156,723
8,333
49,999
91,667
81.931
245,793
2,175
21,975
25,944
190,190
4,136
46,989
62,527
*82,329
*277,113
2,753
13,063
3,298
30,189
67.663
722,548
63,166
680,677
*65,474
*594,233
*430,564
9,804
15,992
12,850
140,915
8,797
15,384
11,492
122,651
'3,077
def. 3 3 3
68,995
15,840
164,831
65,466
10,009
120.999
16,590
121,747
1,851
44,270
52,37k:
*64,457
'200,932
. .
3.907
28,646
*4 0.903
160,225
138.407
1,296,556 1,192,913
161,858
142,309
202,175
146.411
1,3 9.483 1,184
I
705
1,713,667 1.547,732
3,349,466 2,941,541
308,35:
254,802
703,740
539,245
§3 429.C61
1,372,245 1,221,062
354,006
•These figures are for the corresponding perioa of l.-*oo\ as tue ngures for 1901 were unusually heavy, owing to the Pan-American Exposition at Buffalo.
t Beginning with August results for 1902 are for Cincinnati Newport
<fe Covington Light <fe Traotion Co.
Figures for year to date seem also
to have been revised at same time.
Results now inolude tue Pittsburg Railway Co., operating the Consolidated Traotion and all the other controlled properties in Pittsburg.
These are results for properties owned.
§ These figures are from March 20th to Ootober 31st
I
II
—
:
)
:
.
THB CHRONICLE.
1352
ANNUAL REPORTS.
BALANCE SHEET JUNE
Assets
—
Annual Reports. The following is an index to all annua)
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Investors' and Street Railway Supplements.
This index does not include reports in to-day's Chronicle
Page.
Railroads, Etc.— (Con.)—
Poo*.
Railroads, etc.—
.1145
1027 Long Island
Alabama & Vlcksburg
w
12119, 1806
American Cotton Oil
1085, 1101 Louisiana & Arkansas
...1199
1085 Louisv. Hend. & St. Louis
American Malting
American Soda Fountain
American Steel Foundries
American Type Founders
& Ohio
Bangor & Aroostook
BuffaloOas
Baltimore
Buffalo
Central
& Susquehanna
Vermont
1800
1300
1030
1144, 1151
977
1251
902, 922
1206
Louisvil e
&
1027, 1035
Nashville
Maine Central
Manhattan Railway
1028
1084
108"
Mergenthaler Linotype
Minneapolis & St. Louis
977, 985
Mobile Jackson & Kansas City.... 1199
903
Mobile* Ohio
New Orleans & Northeastern
904
1028
N. Y. Susqu-h. & Western
Northern Pacific
978
Oregon Short Line (abstract of 4
p. c. aud participating gold mort.) 243
Pacific roast
8i7, 862
Pullman Company
905
Rock Island Co. (application to N.
1157
V. Stock Exchange)
10*8
Rutland RR
li 29
St. Joseph * Grand Island
St. Louis &San Francisco
846, 852
1098
Southern Pacific.
Standard Milling (statement of
Oct. 15,1902)
1252
90<S
Chicago & Alton
Chicago Burlington & Qu1ncy..847, 867
Chic R.I. * Pac. RR. (application
1155
toN. V. Stock Exchange)
Cincinnati Hamilton & Dayton.... 978
903
Clncm. N. O. & Texas Pac
Connecticut Railway & Lighting.. 1251
Continental Coal (statement to
987
N. V. Stock Exchange)
904
Cruc ble Steel Co. of America
1< 2^
Detroit A Mackinac
1145
Detroit Southern
Distilling Co. of America
904
1251
Edison ttlec. Ilium, of Boston
Erie KB
846, 859
9'<9
Bvansville & Terre Haute
Great North <rn
902, 914, 921
Gulf & Ship Island
.1084, 10^9
Indiana Illinois & Iowa
1198
Iowa Central
1193,1206
Lehigh & Hudson River
1250
Lehigh Valley
901. 910
Toledo
Union
St.
Louis
& Western
fc79
1084. 1091
Pacific
United Fruit
1199,1207
U. 8. Realty & Construction (statement to N. Y. Stock Exchange).. 1200
Vicksburg Shreve. & Pacific
1199
1201
Wesrioghouse Air Brake
White Pass & Yukon
1800
Northern Railway of Canada.
( Report for year ended June 30, 1902.
The report, signed by President Garneau and General
Manager J. G, Scott says in substance :
General Results.—The mileage operated during the year has
aggregated 232^ miles. [See map p. 67 of Investors' Supplement ]
The company's million-bushel grain elevator at Quebeo has been
contlnously operated and has given the greatest satisfaction, although not yet worked to anything like its full capacity. Daring the
twelve months ended June 30 last the quantity of grain handled
by it was 1,436,377 bushels, and since that date up to Nov 1 a
Great
further quantity of 1,105,788 bushels, exclusive of grain handled for
local consumption. The quantity for local consumption was 351,110
bushels and the elevator, Instead of being idle during the winter
months, as was feared, has been kept steadily employed on looal business at good rates.
Twenty-six ocean steamers have been loaded with grain at the elevator from July 1, 1901, to Oct. 31, 1902, to an aggregate of 2,142,419 bushels. In adition to the above we shipped by 15 other steamere
1,105 oar-loads of pulp, 407 oar-loads of flour, 149 oar-loads of hay, 70
car-loads of beef, 68 oar-loads of paper and 130 car-loads of aluminum, cheese, doors and other goods, making 131 steamers in all to
which we furnished cargo during the fiscal year.
The most satisfactory feature of the year has been the wonderful
development of local traffic The palp mills, paper mills, saw mills,
aluminum works and other industries along the road have furnished
a large and regular volume of freight. The hay business and the
traffic In other agricultural products are increasing in an unexpected
manner. The passenger traffic has increased in a very satisfactory
manner. The number of passengers carried during the year has been
155,395, as oompared with 73,296 in the previous period (8 months).
The number of tons of freight carried has been 444,311 (contrasting
with 203,618 tons for the 8 months of 1901), composed as follows:
Deals and sawn lumber, 80,145 pnlp and paper, 52,807 cord wood,
17,033; grain, 39,601; flour, 13,165; live-stock and dressed meats,
808; other goods, 241,252.
AH things considered, the traffio obtained has been for a new road
very gratifying and fully justifies the expectations of its promoters, at
the origin of the enterprise, that with a little time for development
the railway will beoome a very remunerative property.
Extensions —To enable the road to reach its full earning oapaoity,
the construction of additional mileage is necessary, as follows
»
1. ^te. Catherine, on the Quebec & Lake St. John Ry., to Garneau Junction
59 miles. This will save 17 miles in distance and will reduce the maximum
gradient against east bound traffic to 6-l0ths of 1 percent.
;
;
This will give us entrance into
2. Jollette to Moutreal. 36 miles io length.
the most important city in Canada, and. in connection with the Garneau Junction "cut-off." will reduce the mileage between Quebec and Montreal to somewhat less than that of the Canadian Pacific By.
13. Branch from St. Jerome.to St. Sauveur, on the Montfort &] Gatlneau Ry.,
IS^i miles, which we propose to purchase.
4. Hawkesbury to Sout h Indian, near Ottawa. 38 miles. This vt ill shorten the
distance for through trains to and from Ottawa by 23J£ miles.
The directors have entered into a provisional contract for the purchase of the Montfort & Gatlneau Colonization Ry., 33 miles in length,
which runs from Montfort Junotlon. 12 miles from at. Jerome, to Arundel, through a flue oouutry, which it will open to oolonl/.atlon and
to sportsmen and tourists. It is already handling a large quantity «f
sawn lumber and is subsidized bv Government for a further extension
towards the River Gatlneau. The provisional oontraot should be aooepted with the understanding that satisfactory arrangements will be
made fur the immediate construction of a line to oooneot 8t. Sauveur
with the Great Northern Ry. at 8t. Jerome Crossing, said line being
that desoribed in Clause 3 of this report.
—
Main iine& branches.x$7,942,904
Equipment
704.600
Terminal property.
118,322
Com. stock in treasury.. 448,100
Debenture do
do
1,850,000
Preferred
do
do
450,000
let M. bonds in treasury
43,228
Terminal
do
do
74,0
1st mort'ge do
do
4,522
Stock held as collateral
to secure loans
1,275,000
Stook of Great Northern
Elevator Co
149,000
Cashlnbank
68,272
Accounts collectible
68,263
Stores, etc., on hand
23,499
30, 1902.
Ltabilities—
Common stook
Debenture stock
Preferred stook
$ !4,550,000
3,000,000
450,000
First mortgage bonds. 4,002,000
Terminal bonds
118,000
Car trust "I"
78,000
Oar trust "A"
87,000
Car trust "B"
92,000
Car trust "O"
17,000
Bills payable ...
375.301
Accounts payable....... 149,735
Salaries and wages
51,285
Loans secured b? stook. 182,344
Due on Louise W. &
property
60,000
Profit and loss
7,045
.
W
Total
$13,219,710
Total
LXXV,
[Vol.
$13,219,710
x After deduotlng subsidy of Provinoial Government, $123,002,
and subsidy of Dominion Government, $ 189,902.—V. 75, p. 1202, 441.
Massachusetts Electric Companies.
Report for the year ended Sept, SO, 1902. J
C
President
Gordon Abbott's report says
in substance:
General Results— The year has been one of the most unfavorable
In many years to the operation of street railways in New England,
owing to a winter of considerable severity, an unusually cold and wet
summer, and the coal strike, which caused heavy additional expense.
That under these circumstances the results of the year should compare so favorably with those of previous years is an evidenoe of the
stability of the business.
New Construction, Etc —No new consolidations have been effeoted
during the past year, nor any new properties acquired, but a large
amount of 'new construction bas been done by the companies, the
shares of which were acquired last year.
By new oonstruotion the mileage of the companies has been increased by 41 and now amounts to 860 in 22 cities and 66 towns. In
addition* 25 miles of track have been reconstructed with heavy girder
or T-raU. and 55 miles of new feed wire strung. Furthermore 228
double-truok dosed oars and 100 double-truck open oars have been
added, so that, allowing for certain old cars discarded, the Increase in
seating capacity amounts to 1769 per cent of the entire equipment as
To furnish motive power 566 new and powerful
It was a year ago.
motors have been added, increasing the motor capaoity 19 per cent,
and two new power stations have been built.
Contraots have been let for 30,000 horse-power of steam turbines
and generators for power stations. These will be plaoed In new stations, and as they will enable the dosing of most of the existing ones,
we feel confident of very favorable results. The necessary investment will be considerable, but It is estimated that the saving over the
present oost of produolng power will amount to 8 p. o. on the total
amount invested in the new power houses.
Financial.— On capital aooount there was expended the sum of
.i>3,083,289, of which $1,671,521 was for construction or betterments
of traok and buildings and $1,411,767 for equipment and power. To
meet this expenditure and to provide funds lor oertain further neoessary Improvements, your trustees obtained in May last the authority
of the shareholders for an issue of 55,000 new preferred shares; 23,750 of the shares were delivered and paid for prior to Sept. 30 last.
The prooeeds of the shares already paid for have been loaned to the
companies in which you are interested, it being the desire of your
trustees that the floating debt of those oompaules should be held so
far as possible by your trustees. Thus out of the total $4,772,150 of
notes payable of all the controlled companies, $3,988,650 were held
on September 30 by the trustees and by the Accident Association; the
balance oonslsted of notes not yet matured. By far the greater part
of the notes was given to pay for the improvements mentioned in
this and last year's report. Siuoe Sept. 30 companies have been authorized to issue new shares as follows: Boston & Northern Street Ry.,
17.9 78 shares; Old Colony Street By 9,487 shares, Lawrenoe & Reading Street Ry., 1,250 shares; while the petitions of the Mlddletown &
Danvers, Haverhill & Andover and Reading Wakefield & Lynnfleld
are still pending.
.
The consolidated income account and balance sheet of the
controlled companies and the income accaunt and balance
sheet of the Massachusetts Electric Companies were as below:
CONSOLIDATED INCOME ACCOUNT OF THE FOUR OPERATING STREET
RAILWAY AND ELECTRIC LIGHT COMPANIES.
1901-02.
1900-01.
1899^)0.
$
$
$
6.090,168 5,778,133 5.518,838
3,827,372 3,915,486 3,659,337
Earnings
x Expenses
I
The statement
of earnings, operations
and balance sheet
follows
STATEMENT FOB YEAR ENDING
444.311
do
do
1 mile. 47,763,417
Earnings per train mile
$^02
do per ton per mile... ots. 0-902
do per mile of road $1,840 71
J
ONE
30, 1902.
Passengers carried
155,395
do
do
1 mile. 3,872,800
Earns, per pass. p. mile.
$2 01
do
per passenger
ots. 50 14
do
per mile of road. $332 99
Earnings
Operating expenses —
Freight traffio (lnol. comMaintenance of way
$58,302
pany's freight at cost). $130,725
do of equipment...
61.922
Passenger traffio
77,921 Conduot. transportation. 177,458
Malls and express
3,900 General expenses
19,119
Miscellaneous
12,217
Total tons carried
|
2,2c>2,796 1,862,648 1,859,501
Net earnings
1,391,239
Net
Balance
994,294
925.441
779,462
865,206
645,645
195,167
inoome
divisible
Dividends
937,206
871,557
676,390
xCharges
145,979
219,661
xln 189300 and 1900 01
penses;
i
u
taxes were inoluded In operating ex1901-02 with charges.
CONSOLIDATED BALANCE SHEET OF ALL STREET RY. AND ELEC. LIGHT
COMPANIES CONTROLLED BY THE MASS. ELKO. COMPANIES
FOR THE YEAR ENDING SEPT. 30.
19J2.
1B01.
*
t
31,152,269 29.370.50S
.V78.051
613,115
Cash
2oa,(!9()
226,218
Acc'nts receivable
110.960
Coupon deposits .. 113,135
Sinking and re92.S60
43,866
deoiDtlou funds.
Prepaid taxes, inurance, interest
109,142
102,078
and rentals
Asiets—
Property
Material aud sup609,453
plies
Total
*
546,087
1902.
1901.
$
Liabilities—
Capital stoclt
$
18,632,200 12,9S3,200
13.181,500 13.813,500
Funded debt
4,7?<\150 +1,990,176
Notei payable
4wP,422
762,833
Vouch. Aaco'tsp'le
2i3.7i4
237,105
local taxes
State
110,585
Coupons outst'ing. 113,4»8
&
Accrued Int.. rentjils and excise tax
Dlvs. decl'd. unp'd.
Renewal funds....
Surplus
32.8J8.906 30,902,426
Total.
321,875
32S.133
1^.810
450,845
305.290
630,405
81.397
460,286
.32,808,906 30.962.426
As compared with previous year does not Include the Newport &
Fall
River
$207,963
Street Rv. Co. leased to and operated by the Old Colony Street Ry. Co., as interest has been sold.
+ Of the amount of $1,772,150, $3,9S8.050 were hell bjrthe Massachusetts Electric Compauies and the Massachusetts Street Railway Accident Association.
Elevator working expense
$18,235
Elevator rental.
22,025
Int. on let mortgage bonds, 6 months due June 30, 1902.....
94,796
Interest on terminal mortgage bonds
3,050
Interest on old and current accounts
19,310
MASSACHUSETTS ELECTRIC COMPANIES— STATEMENT OF PROFIT
AND LOBS TEAR ENDING SEPT. 30.
190001. 189900.
1901-02.
$
Income —
$
$
807,311
777,841
697,960
Dividends on stocks owned
Total earnings
Net earnings
Deduct —
$524,764
Total oper. expanses. $316,801
Miscellaneous
Total deductions
Balance
$157,417
$50,546
Int.
Total income
on notes,
etc. (net)
97,991
41,318
97,447
795,954
819,159
904,758
—
December
THF CHRONICLE.
20, 1902.]
Expenses—
1910 01.
$
$
9,000
Salaries— General o tlloers
Legal expenses
Printing and stationery
Mlpcellan eous expenses
Adjust m't of dlvs. Lowell
9,000
6,565
1,642
14,456
850
1,988
5,310
&
)
,
11,261
J
>
7,639
\
Sub. and
15,087
28,937
480,000
."
Total
763,861
723,651
542,924
Surplus for the year
32,093
95,508
361,834
MASS. KLECTBIO COMPANIES— GENERAL BALANCE SHEET SEPT. 30.
9
In treasury
1902.
Liabilities-
$
Common shares
Coupon notes
27,850.821 28,544,979
Disc.
n
(
pf. shares.
Total.
-V.
25.368
328,770
1
700,000
750
Accrued Interest
on coupon notes.
Div & coup. unc. for
5,909
Profit
&
Total..
862
150,574
30,375
80,375
6.W08
172,067
The following statement
is
3,202
.84,838,311 32,410,286
SO, 1902, J
for the half-year ended Jane
Sales— Rough lumber, 100,142,027 feet B.
Dressed lumber, 18,214,618 feet B. M
Purchased lumber, 8,179,114 feet^B.
Ties. 780,185
Piling. 254.446 lin. feet
M
$1,093,205
303 039
M
Loss, 12,183,808 feet L.
Shingles, 4,938,100
Laths, 604,300..'
96,846
189,356
21,873
69,746
16,275
1,878
7,220
M
Miscellaneous
Total sales
Less freight and allowances
$1,798,938
214,832
Deduct Operating Expenses—
Purchases of 1 imber, etc, sold
8tumpage, lnoludlng $361,404 to.Houston Oil Co
Manufacturing expenses
Inore ase of inventory
Total net oost of lumber,
Manufacturing profit
Selling and general expenses
etc.,
(credit)
sold
(lnol.
$246,951
130,484
taxes, $8,163)
$116,466
securities owned. r $87,147;
miscellaneous receipts, $35,077; interest oredits, $3,510;
oommissary profits, $36,966; medloal department profits,
$3,377; tenant house profits, $1,332; pile driver profits,
$127
Total Income
Deduct—
p. c.
Surplus for period
stock is $5,000,000, in $100 shares.— V. 75,
$126,407
p.
1257, 1205.
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING} STREET ROADS.
Adirondack Rj.— Merged.— See Delaware & Hudson
Qross.
. . .
Net.
$182,255
236,500
$69,285
83,800
$684,235
$254,184
202,880
Surplus
do
do
$51,304
" During this period some of the mileage now being operated had not been completed and all the rolling stock now on
hand had not been received, so that the receipts for the
future may be safely estimated as exceeding those given
above."— V. 75, p. 1085, 549.
Proposed Extensions. The oompany, it is announced, will
«sk the coming Beseion of the British Columbia Parliament
for three charters traversing the wheat belt of British
—
Columbia,
viz.:
From Fort Edmonton
to Butte Inlet, 180 miles north of Vancouver, with land grant from Hazleton to Peace River Pass, and
thence to the eastern boundary of British Columbia; (2) from Butte
Inlet south to Vancouver; (3) fromjHazleton to Teslln Lake or Atlin
Lake.-V. 75, p. 1085, 549.
(1)
that the
of 3 p.
Jan.
1
c. has been declared on the preferred stock payable
to stock of record Dec. 20.— V. 74, p. 1307.
Central Market Street Ry., Columbus, 0.— Stock Offered.—
Claude Ashbrook of Cincinnati is offering this company's 6
preferred stock,
per cent. Dividends
p. c.
"now
\%
selling at 95}^ ex-dividend \%
per cent each, in March, June,
Co.
69, p. 1010.
Aurora Elgin & Chicago Ry.— First Dividend.— A
first
dividend of 3 per cent has been declared on the preferred
stock, payable on Jan. 2. Part of the money for this payment, it is stated, will come from other sources than earnings, as the road is not yet fully in operation.— V. 75, p.
610, 441.
RR.& Stock Yard Co.,Indianapolis.— Extra Dividend.
— An extra dividend of
Chesapeake Western Co.— Increase of Stock.— The authorized caDital stock (all common) has been increased from
$1,000,000 to $3,750,000. The company controls 41 miles of
line in Rockingham County, Va., and intends to build westerly; also easterly to deep water on the Chesapeake Briy.
Chesapeake Western Railway Co. has outstanding $811,200
common stock, $608,400 preferred stock and $1,419,000 four
per cent bonds. —V. 72,
Atchison Topeka & Santa Fe Ry.— Purchase.— The shareholders on Dae. 11 ratified the purchase of the various
properties described in V. 75, p. 980.
1 per cent is announoed payable Jan.
along with the usual semi-annual distribution of 2\4 p. c
V. 66, p. 334.
1,
—
Brooklyn & Brighton Beach RR.— New Receiver.— William Cullen Bryant has been made receiver, succeeding Bert
Reiss, deceased.— V. 69, p. 228.
Buffalo Rochester & Pittsburg Ry.—New Bonds for Coal
Lands and Furnace. See Rochester & Pittsburg Coal &
Iron Co. under "Industrials" below.— V. 75, p. 1030, 848.
Canadian Northern By.— Bonds Offered.— The Dominion
Securities Corporation of Toronto is offering, at a price to
yield 5% p. c, part of an issue of $1,380,148 5 p. c, first mortgage ($1,000) gold bonds of the Imperial Rolling Stock Co.
The interest coupons are payable half-yearly on May 1 and
Nov. 1 at the offices of the Canadian Bank of Commerce, Toronto or New York. The bonds are dated Nov. 1, 1902, and
are due Nov. 1 yearly, as follows: 1903, |60,000; 1904, $90,000:
1905-1909, both inclusive, $120,000 yearly; 1910-1912, both inclusive, $193,383 yearly. Trustees— National Trust Co., To^
—
ronto.
Total four months
for the above poriod
Bond interest
September.
Ootober
September and December."- V. 75, p, 239.
Central RR. of New Jersey.— Bonds Sold.— The $4,432,000
of 1% p. c. bonds of the Lehigh & Wilkesbarre Coal Co.
167,536 which on Dec. 31, 1901, were held in the treasury of the
$284,003 Central RR. of New Jersey have been disposed of.— V. 75,
$70,097
87,500
on $5,000,000 preferred stock
Common
Belt
August
Month—
Net.
$50,723
50,376
p. 980.
—
Interest, disoount, etc
166,267
$1,337,155
Net earnings
Other inoome— Dividends on
below,— V.
Gross.
$134,356
131,124
Canadian Pacific Ry.— Increase in Wages.— It is announced
company will increase the wages of all its conductors, trainmen and yardmen east of Fort William by from
$214,253 8 to 15 per cent.—V. 75, p. 793, 732.
401,698
Canton-Akron Ry. Dividend.— A semi-annual dividend
887,471
$1,584,106
sales
l\
Month—
849
80, 1902:
Dividend,
—
July
204,160
loss, surp.
Kirby Lumber Company.
( Statement for six months ended June
Net
2,700,000
174,321
.
84,838,311 32,410,286
75, p. 1302,
2,
counts payable...
Acc'd div. on pf sh.
916,522
3,202
166,260
14 293,100 14,293,100
Vouchers and ac-
231,876
3,T52,9liO
&
Fret erred shares.. 17 432,400 15.0s7.400
Stocks deposited to
secure coup, notes 2,71 1 ,000 2.711.000
rash
Notes
Acc'uts receivable
Cash t.i pay dlvldends & coupons.
7901.
8
1901.
19C2.
Assets—
(2) The covenant of the Oana Han Northern
Railway Co which Is now operating over 1,250 miles of railway, to
purchase the equipment for $1,330,148 and Interest, paying therefor
in instalments corresponding to and fully providing for the bonds and
coupons as they fall due. (3) Bonds of the Canadian Northern R7.
Co. to the amount of $444,000, bearing 5 p. 0. Interest, payable half
yearly and maturing in 1930, which are deposited with the trustees,
the National Trust Co., Limited. These bonds are secured by mortgage covering all of the company's lines in Manitoba, and are issued
at the rate of $2,000 per mile of suoh lines. The mortgage securing
them ranks next after the first oharge at the rate of $8,000 per mile,
securing bonds guaranteed by the Manitoba Government. Dnderthe
terms of the agreement between the Manitoba Government and the
Railway Company the Interest on these second mortgage bonds is
taken Into the account of the operation of the lines, and if the railway's net earnings are insufficient to pay the Interest on the bonds, the
balance will be paid by the Government. The paid-up capital stock
of the Rolling Stock Company is $300,000.
Earnings. The following is a statement of the earnings
of the Railway Company for the first four months of its current fiscal year, beginning 1st July, 1902:
perlal Rolling 8took Co.
$
»o. Shore & Boston St. By. oompa's
Interest
121,500
89,690
.Dividends on preferred shares
(4)602,296 (4)602,296
do aoo'd on shares Issued July 1,'02
22,917
Sundry stocks, etc.
1353
A circular says in substance:
The
rolling stock (which was paid for in cash, is new and of standard construction) consists of the following: 29 locomotive engines,
828 box oars, 1 dining oar, 3 second olass passenger and smoking oars,
3 combination baggage, mail and express ooaohes. The bonds have
as seourity: (1) The rolling stook, title to which Is held by the m-
p. 820.
Chicago Burlington & Quincy RR.— Operation.— Beginning Jan. 1, 1903, the 109 miles of the Burlington & Western
and the 355 miles of the Keokuk & Western, both controlled
be operated as part of the C. B. & Q system.
—See Quincy RR. Bridge Co. below.
Called Bonds. Barlington
Missouri River RR. in Nebraska non-exempt 6 per cent bonds July 1, 1918, to the
following amounts have been drawn for payment, viz.:
$149,000 bonds for $1,000 each and $18,000 bonds for $600
each; they will be paid at the office of the New England
Trust Co., Boston, on Jan. 1, 1903.— V. 75, p. 1030, 857.
Chicago Rock Island & Pacific Ry.— Prepayment of Interest.—The semi-annual interest due Jan. 1, 1903, on the 6
p. c. first mortgage bonds of the Chicago Rock Island & Pacifio RR. Co. and the 4 p. c. general mortgage gold bonds of
the Chicago Rock Island & Pacific Ry. Co, will be paid on
and after Deoember 22, 1902, at the First National Bank, No.
2 Wall St.— V. 75, p. 1031, 732.
Chicago Rock Island & Pacific RR.—Admitted to }St.
Louis Terminals.— Ss>e Terminal RR. Association of St.
Louis below.—V. 75, p. 1157, 1146.
Cincinnati Indianapolis & Western Ry.— Maturing Bonds
—Option.— Holders of the first mortgage 7 per cent bonds of
the Cincinnati Hamilton & Indianapolis RR. maturing Jan.
1 are notified that the principal and coupons due
thereon
will be paid on and after Jan. 2 by Vermilye & Co.
The firm has purchased from the Cincinnati Ham. & Dayton Ry. Co. $1,800,000 of the new Cincinnati Indianapolis
Western Ry. Co. first mortgage and refunding 4 per cent
gold bonds due Jan. 1, 1953, guaranteed principal and interest by indorsement on each bond by the Cincinnati Hamilton & Dayton Ry. Co. These bonds are issued to retire the
7 per cent bonds. Holders of maturing bonds who wish to
exchange for the new issue will have the privilege of depositing their bonds carrying the coupon due Jan. 1, upon which
date the bankers will be prepared to deliver the new bonds
and cash to the amount of $45 each per bond.— V. 75, p. 1202,
lines, will
Offer Accepted
—
&
&
849.
—
:
THE CHRONICLE.
1354
Col anions Backeye Lake & Newark Tractlou Co.— First
Dividend. A first dividend has been declared on the $500,000 preferred stock, viz,, 1% p. c, payable Jan. 1 to stock of
record Dec. 20.— V. 75, p. 134
Connecting Ry. of Philadelphia— Bonds Paid Off.— The
3^ Per cent refunding bonds of 1900, of which $1,000,000
were authorized and $193,000 issued, have been retired and
replaced by the new 3)^ per cent mortgage gold bonds of
1902, of which $392,000 are outstanding.— V. 74, p. 1088.
Dallas (Tex.) Electric Corporation.— Vetoed.— See Metropolitan Street Ry. below.—V. 75, p. 793, 1036,
Delaware & Had son Co.— Merged.— We are officially informed tbat The Adirondack Railway Co. " has been merged
with the Delaware & Hudson Co., and that its road is now
operated as a part of the Saratoga Division." This increases
the mileage owned by the D. & H. to 717 miles.— V. 75.
—
—
[Vol.
LXXV.
Kv;W. G. Raoul, President National RR. Co. of IMexioo, New
York John I. Waterbury, President Manhattan Trust Co., New York;
W. G. OaSman, Pres. Guaranty Trust Co., New York; G. M.Lane,
ville.
;
Boston, Mass.
New Directors—R. G. Erwin, President Atlantio Coast Line, New
York; H. Walters, Chairman Board of Directors Atlantio Coast Line
RR, New York; Warren Delano Jr Baltimore; Warren G. Edlot,
President Atlantio Coast Line Co. of Connecticut Michael Jenkins,
Baltimore, stockholder Atlantio Coast Line D P. Klngsley, Third
Vice President New York Life Insurance Co., New York.
At a meeting yesterday the old officers were re-elected. V.
,
;
;
—
75, p. 1254, 1202.
Louisville & Nashville Terminal Co., Nashville, Tenn.—
Guaranteed Bonds. A mortgage has been filed to the Manhattan Trust Company of New York, as trustee, to secure
$3,000,000 of 4 p. c. $1,000 gold bonds, dated Dec. 1, 1902, and
payable at the agency in New York on Deo. 1, 1952. The
bonds are guaranteed by the Louisville & Nashville RR. Co.
and the Nashville Chattanooga & St. Louis Ry. The mortp. 1147, 342.
gage covers the new terminal station and facilities of the
Detroit Monroe & Toledo (Electric) Short Line Co.— To gaarantor companies in Nashville, Tenn. Of the new issue
Complete Toledo & Monroe Electric Ry.— This company filed $2,500,000 bonds are to be certified at once and $500,000 are
articles of incorporation in Michigan on Dec. 11 with $3,000,0C0 reserved for future additions and improvements. E. C. Lewis
authorized capital stock preparatory to takiDg over and is President and W. H, Bruce, Secretary. The bonds are
completing the Toledo & Monroe Electric Ry. The Everett not subject to call, and they have no sinking fund; their inMoore syndicate before its embarrassment was proposing to terest is payable June land Dec. 1; they are registrable as to
acquire and merge the Toledo & Monroe and the Detroit & principal. The old bond issue for $3,000,000 has been canToledo Shore Line, but the deal fell through and the latter celed. The capital stock is $100,000, all owned on June 30,
road, as stated below, is to be operated as a steam line. 1902, by the Louisville & Nashville RR. Co.
This company should not be confused with the Nashville
(Compare V. 74, p. 207; V. 72, p. 1135, 1034.) The directors
Terminal Co. (V. 74, p. 830.)—V. 67, p. 320, 222.
of the company are
—
:
E. M. Fowler, C. A. Black. J. M. Mulkey, A. E. F. White. Ex-Judge
O. J. Rellly and E. H. Flinn, all of Detroit; Matthew Slash of Mt.
Clemens,
R. Hannan of Omaha and Arthur HI!! of Saginaw.
C
Simon
J.
Murphy
of Detroit,
who
is
a large stockholder,
is
quoted as saying
Two mlllloD of the capital stock will bo expended in the building of
the line, which will be over a private right of way clear from Monroe
to Detroit, and $1,000,000 will be set aside for the double-traokiog
later. There will be Issued $3,000,000 of 5 per cent 20-year gold
bonds. Two millions of these will be Issued at once and $.,000,000
will be held in the treasury. All of the bonds have been taken care of
by those forming the company. The road will be built with a view to
speed; there will be no grade crossings. The new company absorbs
and takes over the assets of ths Monroe & Toledo. The right of way
will be paid for and the neoessary clearing done this winter. In the
spring construction will be begun and pushed to completion as rapidly
as possible. We shall build on the original plan to Flat Rook from
Monroe, but will not use the tracks of the Wyandotte & Detroit River
line, now owned hy the Detroit United Railway. There Is no talk of
amalgamation with the Detroit United. We luve bought the Detroit
& Toledo Shore line overhead equipment.
Detroit & Toledo Shore Line RR.— Deal Completed.—The
Detroit papers say that the deal for the sale of this property
to the Grand Trunk Ry. Co., in connection, it is understood, with the Toledo St. Louis
Western Ry. Co.. has
finally been completed on the basis of a guaranty of the
principal and interest Of $1,500,000 first morrgage bonds of
the Shore Line Company. William B. Strang
Co., of
this city, the original contractors, will complete the road
from Trenton to Delray, near Detroit, a distance of about
15 miles. The " Detroit Free Press " says:
&
&
" It
is true," said Mr. Strang, " that the deal for the sale of the Shore
Line to the Grand Trunk has been consummated, and the papers have
all been signed." In reply to a question Mr. Strang said that the
Grand Trunk and the Clover Leaf had bought the Shore Line Jointly,
but he would not say whether their shares in the road are equal.
The New York representatives of the Toledo St. Louis &
Western decline to be interviewed regarding the transaction.
—V.
75, p. 1258, 1086.
Manhattan (Elevated)
Ry.,
New York.— Electric
Service.
— The company is beginning to operate electric trains on the
Ninth Avenue line.— V. 75, p. 1302, 1202.
Maumee Valley Railways & Light Co.— Consolidation.—
This company has been formed by consolidation of the Toledo & Maumee Valley Railway Co. and the Toledo Waterville & Southern Ry. Co.
The entire $1,^00,000 capital stook
is owned by the Toledo Railways & Light Co.
which will
guarantee the principal and interest of $1,000,000 new bonds.
The officers are Rafus H. Baker, Toledo, President; Ernest
J. Bechtel, Toledo, Vice-President; Wm. H. McLellan, To,
and Chas. T. Munz, Toledo, Treasurer.
Metropolitan Street Ry., Dallas, Tex.— Mayor Vetoes Consolidation.— Mayor Cabell on Dec. 15 vetoed the bill granting to tbe Metropolitan Street Ry. Co. the right to purchase
the rights, franchises and properties of the Consolidated and
Ripid Transit railway ocmpanie^. (Compare Dallas Electric Corporation, V. 75, p. 793, 1086).— V. 75, p. 1087.
Metropolitan Street Ry. of Kansas City. Called Bonds.
Fifty Corrigan Consolidated Street Railway Co first mortgage 5 per cent gold bonds will be paid at the Central Trust
Co. Jan. 2, 1933, at 110.— V. 75, p. 549, 342.
Nashville Chattanooga & St. Lonis Ry.— Guaranteed
Bonds.— Sae Lonisville & Nashville Terminal Co. above.
ledo, Secretary,
—
V. 75,
p. 730, 287.
Nashville (Tenn) Ry.— Receives Certificates.— The Court
has authorized an increase in the issue of receivers' certificates to $508,000, to provide, it is stated, for the purchase
of a park for $125,000, to pay counsel fees, etc.
The new
owners expect to be able to make their plans public about
the middle of January. The proposed improvements and
additions are very extensive, calling for an outlay of $2,379,000, including $1,595,000 for the rebuilding, re-equipment and
extension of the street railway and $784,000 for the new
1
Georgetown & Western RR.— Receiver.— Judge Goff of electric light and power plant. Over 4) miles of new track,
West Virginia has appointed Freeman S. Farr receiver of it is said, will be built.— V. 75, p. 1032, 907.
this company on application of the Meyer Rubber Co., on
New Orleans Railways.— Called Bonds. — Seven New Ora claim of $31,250. The road is practically owned by tbe At- leans Traction Co. power house bonds, dated Jnly 1, 1897,
lantic Coast Lumber Co., which recently failed. — V. 71, p. 913.
viz.: Nos. 17, 48, 70, 88, 108, 116, 122, 149, will be paid at 105
Grand Trunk Ry.— Purchase.— See Detroit & Toledo Shore and interest, at the office of the Fidelity Trust & Safety
Line Ry. above.— V. 75, p 1202, 1086.
Vault Co., trustee, Louisville, or at the offioe of the
Houston Beanmont & New Orleans Ry.— See Interna railway company in New Orleans, on or before July 1, 1903.
—V. 75, p. 849, 733.
tional & Great Northern RR. below.— V. 74, p. 1038.
New York & Jersey RR.— Tunnel Franchise Granted.—
International & Great Northern RK. — Merger.— The
company gives notice by advertisement that it will ap- The Board of Aldermen on Tuesday granted this company a
ply to the next Texas Legislature for an act permitting the
purchase of tbe charter rights of the Houston Beaumont &
New Orleans Railway Co. The H. B. & N. O. Ry. Co. was
incorporated in May last to build a line from Houston east
erly to Beaumont, etc., as part of a new route to New Orleans (V. 74, p. 1038).— V. 75, p.981.
Knoxville & Bristol RR.—Entire Stock Purchased.—Bird
M. Robinson has purchased the entire $100,000 capital stock
of this road, and now holds the property free and clear, none
of the $l,d00, 000 bonds authorized having been issued. See
V. 75, p. 1302.
Louisiana & Arkansas Railway Co.— Bonds Offered.—
Fisk & R )binson. of New York and Boston, having sold by
private subscription $1,250,000 of the first issue of first mortgage 5 per cent gold bonds of 1927, offer the remaining $350,000 of this issue at 105 and accrued interest. See particulars
in Annual Report, last week's Chronicle, pages 1299 and
1806.
Nashville RR. — Guaranteed Bonds.— See
Louisville & Nashville Terminal Co. below.
New Directors. At the adjourned annual meeting on Deo.
17 the following directors were elected, representatives of
the Atlantic Coist Line Co. being given places on the board:
Rb-*lkotbd— August Belmont, Chairman Louis A Nash. RR Co.,
New York; M. H. Smith. President L,mls. & Nash. RR. Co., LouisLouisville
&
—
ville; Attllla
Cox, Presldeut Ojlumoia Flnanoe
<fe
Trust Co., Louis-
franchise by a vote of 45 to 15 (see terms V. 75, p. 77). PresiW. G. McAdoo is quoted as saying:
There Is absolutely no connection between the New York & Jersey
RK. and the Erie and Delaware Laokawanna & Western. The
dent
tunnel Is designed for trolley purposes only. Nor shall we
handle freight. The capaolty of the tunnel will be exhausted by
the demands on It for passenger traffl a. It Is true that we expect to
i>ulld two spurs, one running to the Laokawanna and the other to the
Erie terminal in Jersey, but neither of these two roads has any financial Interest in the tunnel.
At the present time more than 4,000 feet of this tunnel have been
constructed from the New Jerssy side and a gap of only approximately 1,400 feet remains between the oompleted end of the tunnel and
the New York shore. Active work has been In progress on the tunnel
for some months under the supervision of Chief Engineer Charles M.
Jacobs. Mr. Jacobs Is also the engineer of the Pennsylvania tunnel,
but he was with us before he was with them.
We expect to make the trip from the New Jersey terminals to the
New York terminal In hIx minutes, may be less, and we shall run
trains on one-minute headway. It is expeoted that the tunnel will be
oompleted and that oars will be In operation through It within eighteen
months.— V. 75, p. 1087, 667.
Maturing Bonds— The $4,500,North Pennsylvania
000 general mortgage 7 per cent bonds which mature Jan. 1,
1903, will be purchased on and after that date at the office of
Drexel
Co., Chestnut and Fifth Streets, Philadelphia. The
bonds will be extended at par, from the date of their maturity, viz.: Jan. 1, 1903, to Jan. 1, 1953, at the rate of 8 3-10
per cent per annum, payable semi-annually in gold, free
of taxes. This refunding will save the Reading Co npany in
interest $166,500 per annum. Compare V. 78, p. 1160.
RR.—
&
DlCEMBER
—
—
:
THE CHRONICLE.
20, 1902.]
1355
—
$100,000 remaining in hands
Northern Pacific Ry Purchase.—See Pacific Coast Co. $1,500,000; in treasury. which $1,250,003 are to be usedof trustee, unsolely for the
certified. $1,930,000, of
tinder "Industrials" below.— V. 75, p 978, 907.
of the $1,1(;0,000 5 per cent bonds of the Pueblo Traoredemption
issued and ou'standing;
Northern Texas Traction Co., Fort Worth, Tex.— Bond's tion Lighting Oo. nowfor the purohase of a gas [and $6)0.000 are to
company
plant or other
The Prudential Trust Co. of C eve land is offering reimburse theor for making other extensions and additions toeleoOffered.—
the
trioal plants,
tais company's five per cent 39-year gold bonds for January present plant or plants and for building a transmission line to convey
;
<fe
delivery.— V. 74,
p. 1356.
Oswego (N. Y.) Traction Co.— Sold.— See Syracuse Rapid
Transit Co. below.— V. 69, p. 1148.
Pennsylvania New York & Long Island RR.— See Penn-
RR
below. -V. 75, p. 1303, 1203.
Pennsylvania RR.— Franchise Granted.—The Board of
Aldermen on Tuesday, by a vote of 41 to 36, re-granted this
company a franchise for its proposed tunnel without inserting the eight hour- day and prevailing-rate-of-wages clauses.
The contract was given in full in the "Evening Post," of
Dec. 11, and some of its main provisions were in the Chronicle. V. 74. p. 1808. See also V. 75, p. 1302, 1203; V. 74, p.
sylvania
884, 583; V. 73, p. 1264.
Improvements.
—The following statement has been officially
revised:
The directors of the Pennsylvania RR., the Pennsylvania
St. Louis on
Co. and the Pittsburg Cincinnati Chioago
Nov. 26 authorized improvements which will coBt mjre than
will expend nearly
The Pennsylvania
$10,000,000.
$3,000,000 on improvements between Philadelphia and Harrisburg, whioh will include surveys for a new low grade liue
from Cresswell, Pa., on the Colombia & Port Deposit Branch,
across Lancaster and Chester counties, to a connection with
the main line at Atglen, Pa., a distance of 30 miles, and
which will form a portion of a new freight line begiuning at
Marysville, above Harrisburg, and intended especially for
the movement of the east-bound coal traffic of the Pennsylvania RR. around Harrisburg and Columbia, thus re
lieving the yards at those points of the traffic that has
heretofore brought about congestion at those important
terminals.
The Pennsylvania Co. authorized the expenditure of $6,000,000 for improvements on the northwest system, to ba completed in the next two years. These will include the completion of the double-tracking of the Fort Wayne between
Pittsburg and Chicago; also for double-tracking the ClevePittsburg between Hudson and Ravenna. The direc
land
tors also approved the surveys for a contemplated new line
to extend from Lawrence Junction, on the Fort Wayne, to
Redbank, on the low grade division of the Allegheny Valley.
Of the $1,500 000 authorized to be expended for improvements by the Panhandle directors, a co asiderable portion will
be used for second-track work west of Columbus, thirdtrack work between Pittsburg and Steubenville, Oaio, and
V. 75, p.
double-tracking a portion of the Chartiers
1302, 1254.
Pere Marquette RR.— Purchase.— The shareholders will
meet Jan. 20 to approve the acquisition of the Lake Erie
Detroit River RR., on the terms stated last week. See V. 75,
&
RR
.
&
RR,—
&
p. 1802, 1254.
Philadelphia Baltimore & Washington RR.— First Dividend.— The directors on Tnursday declared a semi-annual
dividend of 2 p. c, payable Dec. 31 on stock of record Dec.
zQ
This
August
is
last.
dividend since the consolidation of
Baltimore
The Philadelphia Wilmington
the
first
&
in 1902 paid 4 p. c. in January and 8 p. c. in July, its annual
rate having been 7 p. c. since 1896. —V. 75, p. 1032, 395.
Plttsbnrg Terminal RR.
below.— V.
&
Coal Co.— See West Side RR.
75, p. 498.
—
Portland (Ore.) Ry.—New Franchise. The City Council
on Nov. 26 granted this company a new 25 year blanket
franchise on the following conditions, which were accepted
by the company, viz.
That the company surrender all Its present franchisee and shall pay
to the olty In 25 years the sum of $75,000, In annual Instalments, as
follows, viz.: Firsts vears, $1,500; second 5 years. $2,000; third 5
years, $2,600; fourth 5 years, $4,000; fifth 5 years, $5,000; that daring
the last fire years the company shall permit its boobs to be inspected
regularly by the city ofHoers, so that at the expiration of the ordinance
the city may be In a position to determine whether the property is
worth purchasing; that the company pave the portion of the streets
and bridges occupied by Its traoks and assist In building bridges and
making fills, ana that the company shall carry material, exoept for its
own use, only by permtc— V. 75, p. 499.
Pueblo & Suburban Traction & Lighting Co.— Bonds
Offered— H. F. Snarpless & Co., Pueblo, Colo., offer $300,000
or the mortgage 5 per cent $1,000 gold bonds dated Dec. 1,
1932, and due Jan. 1, 1922, but subject to call anytime after
Dee. 1, 1908, at 104 and interest. Interest payable Oct. 1 and
April 1 at the International Trust Co. (the trustee) in Denver or the Morton Trust Co., New York City. President M.
D Thatcher in a letter to the Pueblo Title & Trust Co. says
The company owns the entire street-railway system of Pueblo, Col.,
:
consisting of 2 3 miles of track, all oparated by eleotriolty also the
entire electric light and electric power system of Pueblo. It furnishes
to the city 264 2 OoO candle-power street lights, and has a contract
with the city for lighting the streets for the ten years ending Sept. 14,
1912. There are 342 commercial aro lights and 15,000 16 c. p. lnoan
descent lights and 72 motors oonneoted to the lines and In operation
in Pueblo. The franchises are lioeral in their provisions
Tbe street
railway franchise provides for fall five-cent fares and expires in 1940.
The company has also acquired by purchase and now owns and
operates the property of the Pike's Peak Power Oo.. a water power
plant located 35 miles west of Pueblo, having valuable franchises in
the Cripple Creek district, and whioh furnishes light and power to the
mills, mines and commercial houses and for lighting the streets of the
different munloipaltles located in and around the "Cripple Creek
Mining District " [Compare V. 75, p. 1203 ]
Capital stock, authorized, $3,500,000; first mortgage 5 per oent
bonds, authorized, $3,500,000, of which Issued and outstanding,
;
iheeleotrlc power from the water power plant at Vlotor to Pueblo,
and then only when the properoy added or to be acquired la equal to
the par value of the bonds so issued.— Ed].
The earnings for the twelve months enuing Oct. 31, 1902, are as follows: Gross earnings, $410,9^2; operating expenses, including
taxes. $197,302; net earning}. $213,630. Deduct interest on $1,500,000 6 per oent gold bonds of Pueblo & 8uburban Traotlon & Lighting
Co., $75,000; interest on $1,100,000 5 per oent gold bonds of Pueblo
Traotlon & Lighting Co., $55,000; total deduotions, $130,000; balance surplus, $ J3.690.
The company is constructing a high tension transmission
line from the water-power plant (35 miles west of Pueblo)
formerly owned by the Pike's Peak Power Co. to transmit
power to Pueblo. When this line is completed and put in
operation, the cost of power to the company will be materially reduced.
The company has no floating indebtedness.— V. 75, p. 1203,
Qaincy RR. Bridge Co.— Plan Effective.—The offer of the
Quincy RR Co. to purchase not less than 55 p. o. of the
stock prior to Jan. 1, 19u3, at $200 per share in Illinois
Division 3J^ p. c. bonds, has been accepted by the holders of
more than the required amount, and the plan is now effectThe Bridge Company hns declared tae regular semiive.
annual dividend of $5 p9r share and an extra dividend of $1
per share, both payable Jan. 1 on stock of record D to. 20.
V. 75, p. 1032.
ly
at
Reading Co.— Licomotiva Works. — This company has nearcompleted the locomotive shops which it has been building
Reading, Pa., the cost being over $1,530,000. These shops
will be able to keep all of the locomotives owned by the company in repair, electric cranes and all modern appliances
having been introduced for economical and rapid handling.
The "Railroad Gazette" on Dec. 11 published an illustrated
V. 75, p. 1148, 849.
article regarding these shops
—
Ry. Stock Increased.—The authorized
share capital has been increased from $5,000,000 to $6,000,000.
St.
-V.
Louis
& Gulf
75, p. 1143, 449.
—A
mortgage for
St. Lonis & O'Fallon RR.— Mortgage.
$300,000 has been filed to the St. Louis Union Trust Co. as
Part of the proceeds, it is said, will be used in " detrustee.
vsloping about 1,000 acres of coal land which lie along the
road."
St.
Lonis
& San
See Terminal
Francisco
RR.— Admitted to Terminals. —
RR. Association
of St. Louis,
below.— V.
75,
p. 1308, 1255.
Sontbern Ry. —Called Bonds.—The Central Trust Co. will
pay at par on Feb. 1 $7,000 equipment mortgage bonds of
the Georgia Pacific Railway Co.— V. 75, p. 1303, 1033.
Syracuse (N. Y.) Rapid Transit Ry.— Purchase.— A press
despatch from Syracuse states that the officers of this company have purchased all of the $97,000 first mortgage bonds
of the Oswego Traction Co, and all but 10 per cent of the
$300,000 capital stock and $191,000 second mortgage bonds.
V. 75,
p. 1255.
Terminal RR. Association of St. Louis.— Ownership
Enlarged. At the meeting on Dec. 10, in addition to the
authorization of the new stock and bonds (V. 75, p 1303), it
was voted to increase the number of directors from eight to
ten in order to give representation to two additional companies which were made members of the Terminal Association,
these being the Chicago Rock Island & Pacific and the St.
Louis & San Francisco.
New Bonds.— J. P. Morgan Co., the fiscal agents of the
company in New York, have sold $18,000,000 of the new
bond issue to provide for new construction, improvements
and additions,*these last including no doubt tbe recently
acquired properties of the Wiggins Ferry Co. (V. 74, p. 942),
the Inter State, Car Transfer Co. and the St. Louis Belt & Terminal Ry. (V. 74, p. 681, 776). The Central Trust Co. will be
tbe mortgage trustee. Of the $50,000,000 authorized, about
$12,000,000 bonds will be reserved to retire at or before maturity the underlying securities, $18,000,000 have been sold,
and the remainder will be held for future requirements. The
new work, which was duly authorized, includes the so-called
levee loop to enable the avoiding of the tunnel. V. 75, p.
—
&
—
1303, 1255.
Toledo & Maumee Valley Ry.— Consolidation.— See
Maumee Valley Railways & Light Co. above.— V. 74, p. 96.
Toledo & Monroe Electric Ky.— Successor.— See Detroit
Monroe & Toledo Short Line Co. above.— V. 74, p. 207.
Toledo Railways & Light Co.— Guaranteed Bonds.— See
Maumee Valley Railways & Light Co. above.— V. 75, p. 1088.
Toledo (O.) Railway & Terminal Co.— Belt Line Opened.
This company's belt line, 27'8 miles in length, it is an-
—
—
nounced, has been opened for business. V. 75, p. 291.
Toledo St. Louis & Western Ry.— See Detroit & Toledo
Shore Line RR. above.— V. 75, p. 1088, 979.
Underground Electric Railways of London.— Lease of
Metropolitan District Railway.— A circular dated Nov. 28,
and signed by R. W. Perks, Chairman Metropolitan District
Company; Arthur C. Lucas, Chairman of that company's
preference shareholders' committee, and Charles T Yerkes,
Chairman Underground Electric Rys. Co. of London, Limited, states:
—
THE CHRONICLE.
1356
At anieeting'of the preference shareholders' committee of the Metropolitan District Ry Co, held this day, it was agreed to advise the
holders of £ l,50u.oco 5 p. c. preference share capital to accept the
following proposals for a guaranteed dividend: The Underground
Company will pay to eaoh preference shareholder who accepts their
guaranty the following rates of interest, namely: 1 p. o. from Jan.
1, 1903, "to Jan. 1, 1904; 2 p. c. from Jan. 1, 1904, to Jan. 1,
1905;. 3 p. o. from Jan. 1, 1905, to Jan. 1, 1907, and 3^ p. o. thereafter in perpetuity. The surplus, if any, beyond the above amounts
earned in any year up to 5 p. o. will belong to the guaranteeing company, who will, during the continuance of their guaranty, exercise
all voting powers in respeot of the aforesaid stock, subject to the restriction that the vote shall on no occasion be used for the purpose of
reduoing the interest payable by the Metropolitan District Company
upon their preference stock.— V. 75, p. 1303, 1148.
fVOL.
LXXV.
&
the Wr'ght
Colton Wire Cloth Co., Worcester, Mass.; the
T. C. Richards Hardware Co., West Winsted, Conn. The
Boston Screw Company's plant will be operated as heretofore, but the equipment of the other conoerns will be moved
to Providence.
The purchases were made without any
change in the company's capital stock, of which there is
$3,250,000 outstanding (in $100 shares) there is no bonded
I'
debt. The officers are:
President. Samuel M. Nicholson; Secretary, Wm. A. Cranston; Treasurer, Geo. W. Thurston; Agent, Jas. A. Nealey; Gen'l. 8ttpt.,«,Benj.
Thurston. -V. 75, p. 1205.
;
California Gas & Electric Corporation.— Reduction\'of
United Railways & Electric Co. of Baltimore.— Called Capital Stock. The shareholders have approved the reducBonds.— Three Central Railway Co, first mortgage 6a of 1882, tion of the capital stock from $30,000,000 to $15,000,000. -V.
—
Nos. 19, 105, 128, will be paid at the Safe Deposit
Trust Co. of Baltimore on Jan. ,1, 1903.—V. 75, p. 1148, 795.
viz.,
&
75, p. 1304, 850.
Century Realty Co.— New Directors.— Charles T. Barney,
Weatherford Mineral Wells & Northwestern Ry.— New John D. Crimtnins and C, W. Morse have been elected dicontrolled by the Goulds, has
This company,
Securities.
rectors. The board also includes:
canceled $400,000 of its $500,000 stock and its entire issue of
H. B. Hoiltns. Oaklelgh Thome, R. H. MoCardy. W. F. Haveraeyer,
$500,000 6 per cent bonds, and has issued $500,000 of 5 per R. G. Park. Ernest Thalmann, H. P. Shoemaker, C. T. Lewis, W. Van
cent $1,000 bonds, dated Nov. 1, 1902, under a new mortgage Norden, James Jourdan, O. P. Hoftman, E. C. Potter, John C. Tom-
—
Wellington Grey & Brnce Ry.— Called Bonds.— Drawn
bonds to the amount of £2,800 will be paid at par at the
offices of the Grand Trnnk Railway Co. in Montreal or at
Dash wood House, New Broad St., London, on Jan. 1.
Interest
Payment.— The estimated earnings
for the half-
announced, will admit of the payment of £3 14s. 8d. on each £100 bond; this payment will be
applied as follows: 18s. 8d. in final discharge of coupon No.
42, due July 1, 1891, and £1 10s. on account of coupon No.
43, due Jan. 1, 1892, and will be made on and after Jan. 1 at
the agency of the company. V. 70, p. 1250.
West Side RR., Pittsburg.— New Equivment.—This company, controlled in the interest of the Pittsburg Terminal
RR. & Coal Co. (V. 75, p. 498) recently ordered 500 steel twin
hopper gondolas and 500 plain bottom wooden gondolas.— V.
year ending Dec.
81, it is
—
75, p. 499.
Whatcom County (Wash.) Railway & Light Co.— New
Jersey Representation.—The Corporation Trust Co. is the
New Jersey representative of this new company. See V. 75,
p. 1255,
Worcester
& Southbridge
Street
Ry.— Bonds
Offered.—
Co., Worcester, Mass.. own and offer at 104
and interest the unsold balance of $500,000 4^ p. c. 20-year
first mortgage $1,000 gold bonds, dated Sept. 1, 1902, and due
Sept. 1. 1928, coupons payable March 1 and Sept 1 at office
circular says :
of tbe International Trust Co., Boston.
The company is now operating about 20 miles of road the oars running from the City Hall in Worcester to the centre of the Town of
Southbridge, where they conneot with the oars of the Southbridge &
Sturbrldge Street Ry. Co. The population directly served aggregates
140,183. Patrons have the benefit of free transfers on all the system
of the Worcester Consolidated Street Ry. Oo. In Worcester. The oapl
tallzation is: Bonds. $SOO,O00; stock, $500,000; all outstanding.
Practically half of the mileage Is over the company's private land.
Stone & Webster say : "The unusually substantial and thorough char
acter of the construction and equipment of the road will result in a
comparatively low cost of maintenance." The total earnings from
July 21 st (the date of opening the road) to Deo. 1st have been $48,177;
if we allow tJ5 p
c. for operating there would be net earnings of
$16,862; interest on bonds for the same period, $8,125.— V. 75, p. 734.
Winslow and
A
;
INDUSTRIAL. GAS AND MISCELLANEOUS.
Acme Harvester Co. Increase of Stock — The shareholders at a meeting in Peoria, 111., on Dec. 11, voted to increase
the capital stock from $500,000 to $2,500,000.
special
despatch to the Chicago "Inter-Ocean" says:
The company has a surplus of $1,000,000, which will be capitalized,
and Chicago capitalists contribute $1,000,000. The oompany was organized in 1890. and has grown from a faotory employing 100 men to
a plant employing 1,000 men. The plant, which is located at Month
Bartonvllle, will be extensively enlarged. The offloers are: President.
W. H. Blnnian; Vice-President, H. E. Stone; Seoretary and Treasurer,
O. J. Hastings.
A
Alabama Consolidated Coal & Iron Co.— Plan.— The
executive committee of the International Trust Co. of Baltimore, it is stated, has approved the following plan, viz.: (1)
To authorize an issue of $3,500,000 5 per cent bonds; (2) to
increase tbe common stock from $2,500,000 to $3,500,000; (8)
to retire the $2 500.000 7 per cent preferred stock by exchange
for a like amount of the bonds and a bonus of 25 per cent in
common stock.— V. 75, p. 443.
American Car Co.— See American Car
Truck Co. below.
&
—V.
W. H. Chesebrough, Geo. E. Coleman.
Dividend. The company has declared a dividend of 3 per
cent payable Jan. 2. The previous dividends were 1 p. c.
Jan., 1902, and 2 p. c. last July.— V. 75, p. 612, 500.
Charleston (111.) Gas & Electric Co.—Bond* Offered.—The
William C. Thompson Co. of Chicago is offering at par and
interest $83,000 of this new company's consolidated mortgage
5 p. c. $500 gold bonds, dated Sept. 1, 1902, and due Sept. 1,
1922, but subject to call after Sept. 1, 1912; semi-annual inSavings Bank, the
terest payable at the American Trust
trustee.
The total authorized bond issue is $180,000, of
which $57,000 is held by the trustee to exchange for $57,000
Power
of 6 per rent bonds of the Charleston Light, Heat
Co. (see V. 71, p. 493; V. 74, p. 480) and $40,000 are reserved
and may be issued only after approval by the trustee to an
amount not exceeding 80 p. c. of actual cost of future extensions and betterments. Capital stock authorized $180,000;
circular says:
outstanding, $140. 0C0; par of shares, $50.
The franohise for electric light runs for 35 years from Sept. 1, 1899;
for beating for 35 years from May 18,1900; for gas 25 years from
The eleotrlo plant was established in 1889 and under a
Sept. 9, 1900
contraot having still eluht years to run supplies the oity with 75 arc
lights, at $75 per arc per annum, equal to $5,625 per annum In 1900
the central station heating plant was installed. The Charleston Gas
Co. recently completed a modern coal gas plant, with a dally capacity
of 100,000 cubic feet, and In July last gas was turned into the mains.
The price tlxed for the gas is $1.50 per 1,000 oubio feet. Recently the
company acquired tbe property of the Charleston loe Co. anil is now
doubling the capacity of the ioe plant and building a oold storage
plant. The buildings are of briok on stone foundation and up-to-date.
The oompany has a total of 5 miles of gas main laid and 13 miles of
linson,
for $1,354,000.-V. 75, p. 908.
75, p. 668.
American Car & Truck Co.— Name Changed.—This com-
—
&
&
A
There are 100 customers now conneoted for «ras lighting and about fifty gas ranges, stoves and plates conneoted. There are
305 eleotrlc-llght and heat consumers and over 700 loe' customers.
President, Charles Henry Dummer; 8eoretary, George O. Campbell;
Treasurer, E. A. Potter, all of Chioago.
eleotrlo circuit.
Charleston (111.) Light, Heat & Power Co.— Successor
Company. — See Charleston Gas & Electric Co. above. V. 74,
—
p. 480;
V.
71, p. 493.
City ot Chicago Brewing & Malting Co.— Report.—The
report for the year ended Sept. 30, 1902, shows as follows for
the American company, the sales having been 384,715 barrels, contrasting with 350,524 in 1900-01 :
Dividend
Balance,
Total
Depreciation, Interest
Fiscal
surplus.
repairs, etc.
on bonds, to Eng. Oo.
year.
profits.
$l8t»,9^0
none
$=>0,78l
$273,740
1901 02....$ .14,4>-1
20,640
1900-01.... 585,882
285,282
189,960
$90,000
The English company having received no dividends from
the American company, itself paid no dividend, and shows a
deficit of £2,763, contrasting with a surplus of £306 the previous year, when £15.625 was distributed among the shareholders.- V. 75, p. 187.
Clark Automatic Telephone
Switchboard
Co.,
Provi-
dence, R. I.— Expansion.— This company, incorporated under the laws of West Virginia with $1,500,000 authorized
capital stock in $10ehares, all •' full paid," recently offered a
block of its treasury stock for the purpose of extending its
business by the organization of smill local corporations to
build and operate town exchanges. Officers:
Hon. E L. Freeman, President; J. W. Philips, Vice-President;
Moses E. Torrey, Treasurer; Alfred S. Clarke, Seoretary.
Office, 15 Custom House Street, Providence.
Cumberland (Bell) Telephone & Telegraph Co.— New
Stock.— The shareholders will vote Dec. 29 on a proposition
to increase the authorized issue of capital stock from $10,000,000 to an amount not stated, but which will probably, it is
believed,
be
either
$15,000,000 or
$20,000,000.
The new
pany, recently organized, has, it is announced, re-adopted shares will be issued from time to time as required for imthe old name of Amerioan Car Co. John A. Brill is Presi- provements and additions. The regular quarterly dividend
dent.— V. 75, p. 1088, 668.
of 1% per cent will be paid on Jan. 2 to Htockholders of
American Locomotive Co.— Earnings.— On Wednesday a reooru on Dec. 20.— V. 74, p. 1137.
dividend of \% per cent was declared on the preferred stock,
Consolidated Lake Superior Co.— Dividend Merely Depayable Jan. 21, 1908. The earnings for the six months end- ferred—Official Statement.— The action of the board of diing Dec, 31, 1902 (December partly estimated), it is an- rectors last week relative to the quarterly dividend on the
nounced, were $15,265,352, an increase over same period in preferred stock which had been declared and which was pay1901 of $3,054,387. " The company has now on its books able Dec. 15 was not to rescind this dividend but to defer its
orders for over 2,800 locomotives, and is increasing its shop payment. This action was taken, as the directors in their
capacity and purchasing new tools as rapidiy a" it is possi- resolution state, "because the financial obligations of the comble to have them built and delivered." The old officers have pany render it inadvisable to pay the said dividend on the
been re-elected. V. 75, p. 609.
date fixed." Arrangements are being made for a collateral
American Screw Co.— Purchases.— This company has trnst loan snfficient to meet all obligations maturing by
purchased the wood-screw plants of the Massachusetts Screw September next at d to supply working capital. Theodore C.
Co., Holyoke, Mass.; the Boston Screw Co., Fitchburg, Mass.
Search, Vice-President and Treasurer of the company, states
—
:
December
THE CHRONICLE.
20, 1902.]
the amount required for outstanding contracts as $3,500,000;
there is due tne company on preferred stock subscriptions,
$7,603,000, and on Canadian subsidies, $424,000. There is also
$10,000,000 of common stock unissued. The company has expended to date $26,000,000 cash upon capital account.
Mr. Search further says in substance :
The only neoessity for borrowing money arose from the completion
of construction oontraots In advance of the payments due the company on account of subscriptions to the preferred stook. In anticipation of these payments a loan of $3,000,000 had been practically
negotiated, when somebody started a selling movement and the market prices of the oompany's stocks went down so low that bankers
who had virtually agreed to make the loan with the unmatured sub-
scriptions for preferred stock and the accompanying common stock as
collateral were unwilling to accept this security.
In taking up the matter anew with the banking interests, the end in
view has been to provide not only for immediate needs, but also to
oomplete all the unfinished undertakings and to put the different
works in condition for profitable operation. The sums yet unpaid on
account of preferred stock suosorlptlons would have covered all of this
amply, but under the circumstances it is thought beet to provide the
needed funds irrespective of stook subscriptions.
The first step was to prepare an exhaustive statement to account for
the expenditure of every dollar received from the sales of preferred
stook. the Issue of $3,500,000 of bonds by the Michigan Lake Superior
Light Oo, and the
Co.. the $160,000 of bonds of the Tagona Water
subsidy payments by the Canadian Government, the total of these receipts making a sum in excess of $26,000,000. This statement apparently satisfied the bankers of the existence of assets warranting such
a loan as was desired, and every indication points to a successful com pletion of the pending negotiations. What sum of money will be required cannot be definitely determined until a statement now in
process of preparation shall have been oompleted.
Condition of Plant.—The Bessemer steel works and rail mill are
completed and fully equipped, but the two blast furnaces to supply pig
iron for these plants are still unfurnished, owing to extraordinary
delays on the part of contractors for material, machinery and equipment. Their completion is not counted upon before early in the spring,
although the present stage of the work seems to offer hope that they
will be finished earlier. The Algoma Central & Hudson Bay Railway is
finished and iu operation for a distanoe of 93 miles, and the intervening section of 99 miles necessary to oomplete rail connection between
the iroH mines on the Michlpiooten range and the blast furnaces at
Sault Ste. Marie Is all graded and ready for track-laying.
Several
bridges, however, are to be built on this line.
The great water-power canal upon the Miohlgan side of the St.
Mary's River and its power- house are completed, and the Installation
of the power house equipment is well advanced. For the treatment
of the nickel ores from the company's mines near Sudbury one smelter
has been in operation for several months, two more are under construction and a bessemerlztng plant for the further concentration of
the matte produced by these smelters is under oontraot. All of the
other works are practically oomplete and iu operation.
President Resigns. Frank S. Lewis has resigned as Presi-
A
—
dent.— V. 75, p. 1305, 1256.
Denver Gas & Electric Co.— More than four-fifths of both
the bonds and the stock have been deposited under the reorganization agreement. The time for deposits has been extended up to Jan. 2.— V. 75, p. 1256, 1089.
Distillers' Securities Corporation.— On Unlisted.— The
New York Stock Exchange has granted quotation on the unlisted sheet to $27,918,400 capital stock and has authorized
the listing of an additional $4,560,000 from time to time, as
issued under the term3 of the agreement dated June 23, 1902.
—V.
75, p. 1805, 1034.
(W.
L.)
Douglas Shoe
Co.,
Brockton, Mass.—Status—The
advertisement offering the $1,000,000 of 7 p. c. preferred stock
at par contains the following particulars
The company owns at Brookton, Mass, free from any incumbrance, a
shoe factory which duriDg the year ended Jnne 30, 1902, produced
1,788,000 pairs of shoes '• men's goodyear welt hand-sewed process,"
contrasting with 724,824 pairs in 1897-98; also a tannery. It also
operates 64 retail shoe stores, looated in 45 of the prinoipal Amerioan
cities, and has agents among the retail shoe dealers throughout the
country. Business was started in 1876 and " there has not been a year
In the past twelve when the business has not earned In actual cash
much more than $70,000 and the past four years the business has
more than doubled and is still growing." Factory oontains 151,475
feet of floor space. Mr. Douglas retains all the $1,000,000 common
stook. Preferred dividends are payable January 15 and July 15.
—V. 75, p. 735.
1357
"The machine postmarks, cancels, counts and stacks
offices.
the mail matter at the rate of from 40,000 to 60,000 pieces per
hour." The company is receiving $100,000 per annum from
the United States Government for the use of 250 of the
machines. The President is abroad, negotiating with foreign
governments. The capital stock authorized and issued is
No
$2,150,000, all common and in $100 shares; no bonds.
bonds, it is stated, have yet been paid. The stock is quoted
at 30@45. Trustees:
George McLelsh, Leo Stein, Miohael Whelan, Frederick G. Jahn,
Matthew J. Dolphin, Lyman C. Smith, George Cleveland.
Matthew J. Dolphin is President and A. T. Dolphin, SecreOffice 150 Nassau St.
tary.
International Steam Pomp Co.— Object of New Bonds.—
quoted as saying:
The company has no floating debt exoept $700,000, whloh was borrowed to pay for lands bought with a view to making large extensions
A director is
to plants. While $3,500,000 bonds will be authorized, only $2,500,will be Issued now. The new money is to be used for new construction and working capital made necessary by the unexpected
Increase In the business, whloh has doubled in volume since the company was organized in 1899. The company was never In so flourishing a oondltion as it is now.-See V. 75, p. 1305, 188.
000
—
International Silver Co.— Scrip for Unpaid Dividends.
directors have authorized the issue of scrip to preferred stockholders of record Dec. 5, 1902, in settlement of
the unpaid cumulative dividends upon the preferred stock to
Jan. 1, 1903, upon which date such unpaid dividends will be
2134 per cent of the par of such stock. The quarterly cash
dividend of 1 per cent will be mailed Jan. 2, 1903, There is
outstanding $5,107,500 of preferred stock upon which the
dividend of 21^ p. c. will call for $1,085,343 scrip.— V. 75, p.
The
1305, 1205.
—
Jefferson & Clearfield Coal & Iron Co.— Stock Pledged.
See Rochester & Pittsburg Coal & Iron Co. below. V. 75,
—
p. 188.
Lehigh & Wilkesbarre Coal Co.— See Central RR. of New
Jersey under " Railroads" above.— V. 74, p. 724.
Macmillan Co., New York.— New Stock.— The shareholders
will meet Dec. 20 at the office, No. 66 Fifth Avenue, for the
purpose of voting upon a proposition to increase the capital
stock from $405,000 to $645,000, by raising the common stock
from $260,000 to $500,000, the preferred to remain as now,
$145,000; par of shares $100. George P. Brett is President and
Lyman B. Sturgis, Secretary.
Maryland Biscuit Co.— Sold.— The re-incorporation of this
company, noted recently, was the result of the sale of the
plant to Col. Milton W. Offutt. The old company, it is said,
had outstanding about $320,000 stock.—V. 75, p. 1090, 669.
Milwaukee & Chicago Breweries.— Report The report
for the year ended Sept. 30, 1902, shows the following results
for the American Company, the sales having been 797,332
barrels against 735,049 barrels in 1900-01:
Fiscal
Total
Depreciation,
Bond, etc.,
Dividend Balance,
year— profits.
repairs, etc.
interest.
to Mng. Oo. surplus.
—
1901-02. .$895,328
1900-01.. 923,235
$493,249
$180,250
$^09,834 $11,995
523,673
178,334
17,496
203,732
The English Company, after distributing £38,750 (5 p. c ) to
its preferred shareholders, had a surplus for the year of £730,
contrasting with £546 in 1900-01.— V. 74, p. 99.
Natalie Anthracite Coal Co.— Re-leased.— Nathaniel TayPresident of the Shamokin Coal Co., has obtained a new
lease of this company's mines. Compare V. 71, p. 1015.
National Asphalt Co.— Litigation.— The Land Title
Trust Co. of Philadelphia, trustee for the gold 5s of the
Asphalt Co. of Amerioa, on Thursday instituted suit in the
United States Circuit Court at Philadelphia for the sale of
the assets of the Asphalt of America and National Asphalt
companies. The bills asks that in case the proceeds of the
sale shall not equal the semi-annual interest and principal of
the Asphalt 0/ America 5s:
The National Asphalt Company may be decreed to be liable for the deficiency and that the same shall be a lien on the assets of the National
Asphalt Co. other than the shares of stook of the Asphalt Co. of America which lien is paramount to the lien on said assets of the holders
of the certificates of the said National Asphalt Co. and that said delor,
&
Hannawa Falls Water Power Co. of Potsdam, N. Y.— Receiver.— This company, incorporated at Albany on March 30,
1899, with $300,000 capital stook, has been placed by Justice
Houghton of Saratoga Springs, on the petition of a majority
of the directors, in the hands of T. J. Page of Syracuse as
receiver, on the ground of insolvency. The bonded debt is
said to be $500,000. The minority directors announce that
they will attack the receivership, as the company is solvent
ficiency shall be paid out of the assets of said National Asphalt Oo. in
and the receivership was obtained without notice to them. the hands of its receivers.— V. 75. p. 1257, 1150.
The directors in 1899 were
National Electric Co., San Francisco.— Successor ComWilliam B. Cogswell and John L. King of Syracuse, Ogden H. Top- pany.
This company was incorporated in California on or
pen and Edwin A. Merritt Jr., of Potsdam, and Wallaoe O. Johnson
about Oct. 16 with $500,000 authorized capital stock in $10
of Niagara Falls.
shares, to acquire the electrical business of the Gas ConImperial
Rolling
Stock Co.— Bonds
Offered.— See sumers' Association.
(V. 73, p. 239; V. 67, p. 483.) Of the
Canadian Northern By. under " Railroads" above.
capital stock 25,000 shares, it is said, will be issued at presInternational Acheson Graphite Co.— Readjustment of ent, and will be allotted to the shareholders of the
Gas ConCapitalization —The share-holders have voted (1) to reduce sumers' Association,
one share of the new stock for each two
the outstanding common stock from $2,000,000 to $500,000 in the old company at
$3 per share. Incorporators:
(in $100 shares) of which $177,000 to remain in treasury subject
H. D. Hawks, W. F. Berry, F. W. Maebus, F. W. Ray, H. D. Morris,
to issue and $333,000 to be given in exchange for the existing S. F. Page, E. c. Priber.
common stock on basis of one new share for six of old (2)
National Glass Co.— New Stock.—The shareholders will
to authorize the issuing of $125,000 of 5 p. c. 20-year mortvote Feb. 16 on "a proposition to issue preferred stock in exgage bonds in order to retire all the $100,000 outstanding change
for a portion of the outstanding stook of the compreferred stock. Dividends at the rate of 7 p. c. per annum
pany in certain proportions of stock and cash, as may be dewere paid on the preferred shares on Aug. 1, 1901, Feb. 1, termined
at said meeting." The plan, we are informed, is to
1902, and Aug. 1, 1902.
The floating debt, it is stated, does issue $1,600,000 of 7
p. c. (non-cumulative) preferred stock,
not exceed $10,000. E. G. Acheson is President.—V. 71.
and to retire therewith $800,000 of the outstanding capital
p. 289.
stock (all common, $2,325,000) and to obtain $800,000 cash
International Postal Supply Co.— Status.— This com- for working capital, improvements, etc.
pany, whose stock is now being dealt in bv a well-known
At the meeting Feb. 16 there will also be placed under the
Broad Street house, was incorporated in this" State about ten lien of the general mortgage, in addition to the security at
years ago, and manufactures at a factory in Brooklyn the present covered, the rebuilt works of the Rochester Tumbler
"Hey Djlphin letter- canceling machines," for the use of post Co. and a new and modern plant at Cambridge, Ohio, upon
:
—
t
;
&
;
THE CHRONICLE.
1358
[Vol.
LXXV.
which the company has during the past year expended con- 1907, the company agrees that the amount paid into the slaking fund
shall not be lees than $50,000 per annum. If the bonds for the stnksiderably more tban $500,GOO.— V. 73, p. 845.
ing fund cannot be purchased at less than 105 and Interest, they are
New York Air Brake Co.— Favorable Decision.— The to be drawn by lot and paid off at the prioe on any interest date after
United States Court of Appeals in this city on December 17 six weeks' notice. Further, the company reserves the right to pay off
the issue before maturity, in whole or in part, at 105 and interest on
reversed the decieion which was handed down by Judge six weeks notice. The furnace property can be released on retirement
Coxe, in the United States Court at Utica on December 21. of $600,000 of the bonds outside of those acquired by the sinking fund.
1901, upholding against this company and in favor of the
Of the new bor ds, $1,000,000 are outstanding.— V. 75, p. 851.
Westinghouee Air Brake Company the latter's patents cover
Rubber Goods Manufacturing Co.— Called Bonds.— Dehing a special form of engineer's valve which the New York
Air Brake Co. has been manufacturing on a royalty basis. entuie bonds of the New York Belting & Packing Co.,
The valve gives the engineer control of the entire train. The amounting in the aggregate to £22,40n, have been drawn for
Court finds that the patents of the
plaintiff are not the
pioneer invention on the principle involved, and therefore
there can be no infringement of its patent.— V. 74, p. 887.
Belting & Packing Co.— Called Bonds.- See
Rubber Goods Manufacturing Co. below.— V. 69, p 1196.
New York Coal Co.— Bonds Offered.— Peabody, Hough
teling & Co. of Chicago own and offer for sale $225,000 first
mortgage 6 per cent serial gold bonds of |500 each, dattd
Nov. 1, 1902, and due $15,0u0 yearly from Nov. 1, 1903, to
Nov. 1, 1917, both inclusive entire issue being subject to
call at 105 and interest at the end of the third or any sub
sequent year; semi-annual interest payable at thetffice of
trustee, the Chicago Title & Trust Co., Chicago.
Price for
bonds due from 1906-17 will net purchaser 5*4 P- c. A cir-
New York
;
cular says;
This issue of bonds le secured by first mortgage on coal properties,
comprising about 5.90O acres, situated in the Hocking Valley, Ohio,
all owned in fee. Valne of coal lands, $600,000; value of improvements (houses, stores, etc.), $115,250; total, $715,250. This entire
property is under lease to responsible operators and is estimated to
contain 20,340,000 tons of ooal (no acoount being taken of the undeveloped No. 7 vein). The leases, which run until the coal has been
exhausted, have been assigned as additional security for the bonds.
Of the annual minimum of 645,000 tons contracted for, the Continental Ooal Co. takes 200,000 tons and the new Pittsburg Coal Co. 160,000 tons, both at 10 cents per ton; the Buckeye Coal & Ry. 100,000 at
7** oents and E. M. Preston 100.000 at 12 cents.
The company's income is as follows: From royalties on minimum
tonnage per year, $61,100; rents of houses, etc, $17,400; total, $78,600: taxes, insuranoe.|repairs, salaries, etc., $20,000; net income. $58,500; annual sinking fund, $15,000; maximum interest charge,
The company,
it is
understood, absorbs the
New York &
Western Coal Co.
New York Dock Co.— New Director.— Edwin E. Thome has
been elected a director to succeed the late Leonard Lewisohn.— V. 75, p. 610, 552.
Osceola Consolidated (Copper) Mining Co.— Proxies
Ashed.— A circular has been sent to the shareholders asking
proxies to be used at the annual meeting, March 12, in
electing a new board of directors, the policy of the present
management, it is claimed, being contrary to the best interests of the company. The circular is signed by the following:
W, H McGann, Joseph Haas. Charles Lewis, A. Kauth. W. B.
H. Richardson, William Bath. Charles H. Moss, William
Walls, M. C. Getohell and Peter Rur.pe Jr.— V. 74, p. 1200.
Jeffs, h.
Pacific Coast Co.— Railroad Sold.— Control of the Port
Townsend Southern RR., which extends from Port Townsend to Quilcece. Wash., 28 miles, and from Olympia to
Tenino, "Wash., 16 milep, has been sold to the Northern Pacific, which took possession on Dec. 1.
I. A. Nadeau has
been elected President in place of J. D. Parrel). The entire
capitalization (|3,0C0.000 stock and $912,000 bonds) was
owned by the Pacific Ccast Co., but the road has been operated at a loss (V. 75, p. 863).— V. 75, p. 862, £47.
Pittsburg Steel Co.— Rod Mill in Operation.— This company's new rod mill was put in operation on Dec. 3, its
annual capacity being stated as 130,000 tons. By Jan. 1, it
is claimed, 1,500 men will be employed in the mill.
There
is talk of erecting blast furnaces.— V. 73, p. 1316, 86.
Roanoke Parnace Co.— See West End Furnace Co. below.
—V.
,
—
Southern States Lumber Co.— Called Bonds.—Seventeen
mortgage bonds will be paid at the rate of $1,025 per
bond, with accrued interest, at the Knickerbocker Trust Co.,
66 Broadway, on Jan. 1, 1903.— V. 75, p. 80.
first
Standard Oil Co.— Increase in Trice of Oil.— The price of
kerosene for export, which in September was 8}£ cents per
gallon, and which has since been gradually advarced, was
on Thursday increased from 9*£ to \Q% cents. V. 75, p.
—
1150, 294.
Standard Typewriter Co., Newark, N. J.— Assets.— Receiver F. W. Walton estimates the value of the company's
assets at $223,529, including plant, tools, machines, etc., but
foreclosure suit is in progress
not patents or patent rights.
under the mortgage of the Manhattan Typewriter securing $750,000 6 p. 3. bonds, of which $550 000 are owned by
the Standard Company.
There is also an underlying
mortgage for $25,000. The factory is now idle.— V. 75, p. 984.
A
$13,500.
'
the sinking fund, and will be paid Jan. 1, 1903, at the Knickerbocker Trust Co 66 Broadway, at the rate of $533 50 for
each debenture of £100.
Status. The company under the new management, we are
informed, has paid off all the floating debt and is now in
easy circumstances. The subsidiary companies are borrowing for current business purposes only about $1 ,000,000, which
is far below the old limit.
Price cut; irjg has been stopped,
and the various interests in the trade are working together.
The authorization last April of $5,000,000 bonds was rescinded several months ago. An oid loan, secured by certain securities of tbe Park Row Syndicate, has been compromised at $750,000, of which $400,000 has already been paid in
to the company's treasury, and the balance, $350,000, will be
paid about Jan. 1, 1903.— V. 75, p. 1257.
75, p. 345.
Rochester & Pittsburg Coal & Iron Co.— A'eio Bonds for
Coal Lands and Furnace — Under date of Aug. "1, 1902, this
company made a mortgage to the Guaranty Trust Co., as
trustee, to secure $2,000 000 bonds to provide for the acquisition of extensive coal prr perties and for the erection of a
blast furnace to be known as the Adrian Furnace. These
bonds are gold sinking fund 4% per centp, due Aug., 1932,
but subject to call at 105 and interest. The security and
sinking fund for the new bonds are as follows:
rights, mining towns
1. Mortgage on 8,336 acres of land and
and coke ovens, in Jefferson and Clearfield counties. Pa subject to existing mortgages amounting originally to $1. 550. 000, of which $781,000 remain outstanding, the balance haying been paid and canceled
1 st mortgage 4 >$ p. o. bonds of the Consolidated
2. Pledge of $400,o<
Coal & Iron Co., covering 9,974 acres of land and coal rights in Indiana
County, Pa. this company has no other debt;
3. Pledge of $148,500 out of a total of $150,000 stook of the Indiana
County Coal Co., owning 5.5CO aores of land in Indiana County, Pa.,
and having no debt
Pledge of $ .479.000 common stock out of a total of $3,000,000
4.
capital stock of the Jefferson & Clearfield Coal & Iron Co.. $1,500,000
of which is preferred stook. (The stock of this company was acquired
about six yearn ago and has since been held in the treasury )
5. 1st mortgage on 75 aores of land at Falls Creek, Pa ,on which there
is being erected, at an estimated cost of $800,000, a blast f urnaoe oapal> e of making about 250 tons of pig iron per day this furnace is to be
completed in the spring of 1903.
The bonds are issued to pay for the cost of the Consolidated Coal &
Iron Co. bonds, the stock of that company, the stock of the Indiana
County Coal Co., and the cost of the blast furnace, and for working
capital which may be necessary for development of the coal lands
owned by the Consolidated Coal & Iron Co. and the Indiana Coal <Jo.
and the operation of the furnace.
The bonds are further secured by a sir.king fund of 5 oents per ton of
the coal mined out of the lands owned by the Consolidated Coal & Iron
Co. ard the Indiana County Coal Co., and beginning with Dec. 1st,
,
;
;
i
;
State Telephone Co. of New Jersey.— Deposits Called For.
Merchants' Trust Co. of Philadelphia until Dee. 22 will
—The
receive deposits of this company's first mortgage 5 p. c.
bends and issue negotiable receipts therefor under agreement
of Sept. 2, 1902. Under this agreement the bondholders bind
themtelves as follows
Each for himself, and not for any of the others, not to sell or < tier
for sale, or allow to be offered for sale for our acoount, or in any other
manr.er wiatever, for the period of two years irom this date, any of
tbe bonds we now own, hold or in any manner control, or that may
hereafter beoome our property, or may come under our control, at a
lees price than 95 p. o. of the par value therf of. at which pr'ce the depositary is authorized to sell them in blook, we agreeing on notice, to
deposit our bonds against negotiable receipts to be held together
under terms hereof.
The company was incorporated in 1693 with $1,000,000
authorized capital stock and made a mortgage for $1,000,000
to the Fidelity Trust Co. of Newark, as trustee, securing
W. I. Taylor
15 year gold 5 per cen^s dated Aug. 1, 1898.
was President. Office, Jersey City.— V. 67, p. 691.
:
Sterling (III) Was & Electric Light Co.— Bonds Offered.—
N. A. Mc«'lary & Co. of Chioago own and offer at par and
interest $KO,000 of the anthcrized issue of $250,000 first mortgage 5 per cent $500 gold bonds, due June 1, 1927, without
option to call; interest payable June 1st and Dec. Is' Federal
Savings Bank, Chicago, trustee. A circular says:
Trust
The oompany has a 30-year gas franchise (from Jan. 20th, 1902) and
a perpetual eleotrlo franohise. It has no competitor for either gas or
n the
electricity. The basis of the present bond issue is $87,500
franchises, real estate, water power, and the gas and eleo tic light
oublc foot
plants as of Jan. 1, 1902; and $12,500 on a new 10O.< 00
gas holder and tat k.juet completed. The original plant has earned,
net, during the nine mo> ths ending Sept. 30th, $9,151, being at ihe
;
&
<
rate of $12,201 ner year, or nearly three times the Interest requirem* nts of the $87,500 of the bonds based thereon. Nearly all of these
earnings were realized from the electric plant, whtoh is operated
prlnolpally by water-power owned by the company. 1 he deed of trust
provides that for extensions bonds may be lesued to the amount of 90
p. o. of the actual cost of permanent Improvements and extensions up
to $150,000, or a possible total Issue of $25u.0C0. Unless a contemplated extension to Bock Falls is made, only about one-half of the
extension bonds will be required. The gas manufacturing plant andexen-ions, now nearly completed, will oost about $70,000, andonth'sthe
authorized amount of bonds, about $63,000. will be Issued. The net
earnings of the improved plant will amount to about three times the
Interest requirements of the issue of $163,000 but to ensure an ample
margin tbe deed of trust provides that " No bonds shall at any time be
i
issued for extension, as heretofore provided, uuiess the oompany shall
at the time of such contemplated issue be earning at least one and
one half times the total interest requirements of sneh bonds as shall
be then outstanding, together with the Interest requirements of such
bonds as it is then proposed to issue."
Capial stock, §250,000 in $100 shares. President, Alfred
H. Gross.— V. 75, p. 1090.
Union Steel Co.— Change in Control— Bonds to be
Guarantee!.— See United States Steel Corporation below.—
V. 75, p. 1209, 1150.
United B»»x Board & Paper.— Control Acquired,— Control
has been obtained of the following selling Hgenctes: Manufacturers' Straw Board Co., Chioago; Boston Straw Board
Co., Boston; Manhattan Straw Board Co., N*w York; Pbilad^lphia Straw Board Co., Philadelphia; Qaeen City Paper
Co., Cincinnati.— V. 75, p. 1308.
December
THE CHRONICLE.
20, 1902.J
United States Steel Corporation.— Purchase— Bonds to
Be Guaranteed.—Arrangements have been completed for the
acquisition of the entire capital stock of the new Union Steel
now being formed to take over the important plants
recently constructed by the existing Union Steel Co. and the
Sharon Steel Co., together with their ore and other properties.
As consideration tor the stock and the fnrnishing of
$10,000,000 cash for improvements, extensions, etc., the
U. S. Steel Corporation will guarantee $45,000,000 of 5 p. o.
bonds, about $5,000,000 of which will remain available for
future capital requirements. The following official announceCo.,
ment was made on Tuesday:
The Finance and Executive committees of the United States Steel
Corporation, aooompanied by the presidents and other prominent
officers of the subsidiary companies of the Steel Corporation, have
reoently made an Inspection of the Union and Sharon steel plants,
now controlled by th* Union Steel Co., and as a result the Finance
Committee, by direct negotiation, has pnrohased the same for the
Steel Corporation.
These plants are located near Pittsburg, on the Monongahela River,
and at Sharon, respectively. They were started some time before the
formation of the United States steel Corporation, and not in opposition to it. These properties have wire. naU and other works in operation as going properties. When fully completed they will have 5
more blast furnaces and 25 open-hearth furnaces, oapaoity to manufacture 7,500 kegs of nails dally, new and modern tube mills, bar
mills, tin mills, sheet mills, plate mills, etc They have about 5,000
acres of coking ooal in the Oonnellsville region, besides nominal railroads in the coke region, 6,200 acres of fuel ooal on the Monongahela
River, limestone properties, and valuable developed ore mines in the
Mesaba region and Marquette region, containing abont 40,000,000
tons of ore; two lake steamers and steel railroad oars. (Compare
Union Steel Co., V. 75, p. 1150, and Sharon Steel Co. bonds, etc., V.
74. p. 100).
The Steel Corporation pays the exact cost of the manufacturing
plants, to be determined by auditors appointed for that purpose. For
the real estate, ore properties and the ooal lands they will pay something more than the cost value, but not to exceed the present market
value. The stockholders of the Union and Sharon plants agree to furnish about $10,000,000 new oash, to be expended in the completion of
Improvements and further development of the properties in such
manner as the Steel Corporation may determine.
The sellers' profit In the transaction arises solely from their profit
In operating their plants to date and in the increased value of their
ore, ooal and real estate, which were purchased some time ago.
This is an advantageous purohase for the Steel Corporation, as the
properties are looated near their other plants, and the general expense of managing the business with the addition of these two large
and modern plants will not be increased, and also for the reason that
the Corporation Is now short of pig iron and open-hearth oapaoity.
of paying for the property will be by a bond
issue of $45,000,000, secured on the property and the principal and interest guaranteed by the Steel Corporation. For
the actual money put into the manufacturing property the
stockholders will receive these bonds at par. For the value
of real estate, ore and coal they will receive bonds at par,
and for the $10,000,000 of new cash they will receive bonds at
par.
The remainder of the bonds will be kept in the treasury for use at some future time in such further development
of the property as may be decided on by the Steel Corporation."
Brief of Complainants Filed. The arguments of Edward
B. Whitney and J. Aspinwall Hodge for the complainants in
the so-called Hodge suit were filed on Tuesday and were
cited at considerable length in the "Journal of Commerce
and Commercial Bulletin" of Wednesday.—V. 75, p. 1308,
"The manner
—
1258.
West End Furnace Co.— Successor Company.—This company was incorporated in Virginia on Nov. 10 with $500,000
authorized capital stock, and took over the plant of the
former Roanoke (Va.) Furnace & Iron Works Companies (V.
H. T. Deckhertof Philadelphia is President.
75, p. 345).
Westinghouse Air Brake Co.— Decision.—See New York
Air Brake Co.—V. 75, p. 1201, 803.
Westinghouse Machine Co.— Dividend Increased.—The
directors last week voted to increase the annual dividend
rate from 6 to 10 per cent. The Pittsburg papers say
:
Since the oompany 'e incorporation, in 1831, the capital has been increased from $200,000 to $3,000,000 the investment in plants and
equipment is placed at $8,000,000. In addition to steam engines,
ranging from 5 to 10,000 horse power, the oompany manufactures
steam turbine engines and meohanioal stoking plants ; also an Improved gas engine. In addition to the plants already in operation,
the oompany has under ereotlon at Trafford City a oomplete foundry
of the most modern design, whioh will be ready for operation early in
1903. Since its lnoipienoy the oompany has turned out over 10,000
engines of various sizes and types and its produot has within the past
few years begun to enjoy extensive sale and use abroad.
;
In addition to the East Pittsburg plant the company operates an extensive establishment at Chicago devoted exclusively to the manufacture of stokers. V. 75, p. 398.
—
&
—Spencer Trask
Company, the New York City bankers,
are issuing gratuitously another edition of map and statistics
covering the trans-continental railroad systems west of
Chicago. The analysis is based upon earnings per mile of
road for the fiscal years ended 1901 and 1902, and covers
stocks and bonds outstanding per mile to latest date- The
map Bhows at a glance practically the entire railroad mileage of the West, and is printed in artistic style. A supplement to the present analysis gives comparative records for
five years past, and serves to illustrate the remarkable expansion which has takan place in gross income. It also
shows that " almost without exception expenditures have
been most liberal on account of maintenance charges."
—The $3,000,000 Rochester refunding
were awarded on the 10th
W.
water bonds which
&
E. Hutton
Co. are
advertised for sale in this issue of the Chronicle. The
bonds are exempt from all taxation in New York State, and
are a legal investment for savings banks, estates, trustees
and executors in New York, Massachusetts, Connecticut and
Maine.
inst. to
1359
^ht (frommzxtml 2pmjes*
COMMERCIAL EPITOME.
Friday Night, Dec.
The general business
19, 1902.
situation has continued to present a
good, healthy appearance. Considering the period of the year,
both manufacturers and dealers report an unusual inn of new
orders, and in many lines of trade there has continued a
good, steady demand for shipments on outstanding contracts.
Nevertheless the season for taking the usual annual inventory of stocks is beginning to make its influence felt, as
some buyers have withdrawn from their respective markets
until after the turn of tne year. In the speculative markets
a sharp drop in prices for corn has received considerable attention. It is anticipated that as soon as this market reaches
a settled basis the export demand for corn will set in with
considerable freedom, and this is viewed with general satisfaction. The political complications of Venezuela have been
followed with some concern, although the general impression
seems to be that the crisis will subside without serious results.
Lard on the spot has had only a small sale, as exporters
have not been buyers, and the demand from refiners has
been of a hand-to-mouth character. Offerings have increased
slightly, and there has been an easier turn to prices, closing
at 10'70c. for prime Western and 10*00@10 85c. for prime
City. Business in the market for refined lard has been slow
and prices have been easier, closing at 10-90c. for refined for
the Continent. Speculation in lard for future delivery has
been moderately active but prices have been without im,
portant changes, closing steady.
DAILT OLOSTHQ PRICES OF LAE3J FUTURES IN CHICAGO.
Tuet.
TAurt.
Fri.
Sat,
Hon.
Wed.
10-224
10 22i« 10-25
Deoemberdel'y.. 10*22 ** 10-27J« 10-20
9-724
9724 9-724 9-70
970
January del'y.... 970
9-20
915
915
9124 9-124 9*10
May del'y
The demand for pork in the local market has continued
limited to small jobbing orders only, but prices have held
steady at $18@18 50 for mess, $20 50@22 50 for short clear
and $18 50@19 00 for family. Cut meats have been quiet
and easier, closing at 834@8J^c. for pickled shoulders,
12c. for pickled hams and 9J^@92±c. for pickled bellies, 14®
10 lbs. average. Beef has had a limited sale; prices have
been unchanged at $9 50@11 for mess, $14@15 for packet,
$17@18 for family and $26 25@26 75 for extra India mess in
Tallow has continued to meet with a slow demand and
tcs.
Stearines have been dull and
prices have weakened to 5,%c.
weak, closing at ll%c. for lard stearine and lie. for oleo
stearine. Cotton-seed oil has been sparingly offered and
prices have advanced slightly, closing at 40c. for prime yellow. Butter has continued in limited supply for the better
grades and prices have been well maintained, closing at
22@30c. for creamery. Cheese has been in moderate demand
at hardening prices, closing at l\%@\S%c. for State factory,
full cream.
Fresh eggs have been in fair demand and about
steady for best selections, closing at 28c. for choice Western.
Brazil grades of coffee have been dull. Both jobbers and
roasters have complained of the slowness of the distributing
business, and they in turn have been indifferent buyers.
Offerings, especially of the higher grades, have been fairly
free and the market has lacked tone. The close was quiet at
5^c. for Rio No. 7 and 6^@6%c. for Santos No. 4. The
demand for West India growths has been moderately active
and prices have been firmer, with good Cucuta at 8}^@8)£c.
East India growths have been quiet. Speculation in the
market for contracts has been quiet and in the absence of
new developments of importance price changes have been
only slight. The close was quiet. Following are the dosing
HK@
asked prices
:
....
4-750.
July. .._ ....... 5-05e.
Sept............ 5-200.
Raw sugars nave been more freely offered and prices have
reacted slightly, closing at 3 15-16c. for centrifugals, 96-deg.
test, and 3 7- 16c. for muscovado, 89-deg. test.
Refined sugar
has been quiet and easier, prices declining 10 points to 4'85c.
for granulated. Spices have been firm for pepper and nutmegs. Tea has been in fair demand.
Kentucky tobacco has been in fair demand from both the
home trade and exporters, and prices have been firm. Seedleaf tobacco has been dull, buyers having withdrawn until
after the holidays. Foreign tobacco has been quiet and
without change.
The upward tendency to prices for Straits tin continued
early in tne week, and was due to speculative buying. The
close, however, was quiet and easier at 25 50@25 65c.
Ingot
copper has been quiet and unchanged at ll'65c. for Lake.
Lead has been quiet but steady at 4"12J^c. Spelter has
weakened slightly, closing at 4*87}£o. Pig iron has been
quiet and unchanged at $23@25 for No. 1 Northern.
Refined petroleum has been firm, closing at 8 20c, in bbls.,
10'50c. in cases and 5'65c. in bulk.
Naphtha has been unchanged at 9'05c. Credit balances have been unchanged at
$1 51. Spirits turpentine has advanced to 54^@55c, closing
firm.
Rosins have been in fair demand and firmer, closing
at $1 85@1 90 for common and good strained. Wool has
been firm. Hops have been quiet but steady.
,
,
—
.
.
.
THE CHRONICLE.
1360
COTTON.
Friday Night, December 19, 1902.
The Movement of the Crop, as indicated by our telegram*
from the South to-night, is given below For the week ending
this evening the total receipts have reaohed 260,830 bales
against 252,885 bales last week and 814,461 bales the previous
,
week, making the total receipts since the 1st of Sept., 1902,
4,391,889 bales, against 4,390,923 bales for the same period of
1901, showing an inorease since Sent. 1, 1902, of 90,916 balee.
Mtteiptt at—
Mon.
Sat.
7,389
Bab. Pass, &c.
New Orleans. .
Mobile.....
Pensacola, &o.
Wea.
9,448 16,486
thure.
6,614
Iri.
7,063
totmji
8,009
7,801
7,571
929
203
1,360
2,667
551
2,051
2,804
1,867
1,900
2,638
8,396
1,474
4,634
3,144
4,778
4,163
4,997
296
260
22
184
467
1,057
1,151
372
154
164
148
137
5
Waeh'ton.&o
N'p't
News, *o
New York
Baltimore...
1,
1902,
aalveston ...
Sab.P.,4so.
New Orleans
Mobile
Psaoola.&c.
Savannah...
Br'wlok.&o.
Charleston.
P.Royal.&c
Wilmington.
Waah'n, &o.
Norfolk
N'port N.,*o
York...
Baltimore
76
373
.
Philadel.Ao.
the total since
last year,
and the stocks to-night, compared with
1902.
Receipt* to
Dee. 19
New
2,270
2,339
2,097
week 82,191 42,909 49,123 42,638 35,596 53,373 260,830
The following shows the week's total receipts,
Sept.
692
2,097
.
Philadel'a, Ac.
Tot. this
203
592
319
163
IS
Wilmington....
1901.
JSinetBep.
yaw
1, 1902.
fail
week.
week.
54.297 1,288,101
15,011
51.582
75,040 1,218,208
129,916
8,678
203
60,809
44,345 805,543
73,652
8,987
11,324 162,129
5
221
15,457 254,235
11
290
274,888
24,801
14,252
592
14,831
2,270
20,601
2,339
11,565
2,097
873
11,016
Mtoek.
Minct Sep.
1, 1901.
88,613 1,233,527
489
26,299
82,883 1,191,883
7,716 111,762
864
84,558
51,276 749,313
3,691
87,089
13,251
176,631
124
1,056
10,062 199,029
18
311
19,993 267,154
397
10,267
63.586
7,067
45,131
2,934
1,994
40,752
1,011
12,575
1901
1932,
189,890
211,533
384,839
38,770
813,209
28,999
179,546
8,354
29,668
173,552
7,830
32,906
18,967
18,711
44,715
884
141,962
24,000
11,777
5,297
42,445
>*-
.
1,197
103,778
47,000
12,563
5,210
260,830 4,391,839 292,483 4,300,923 1,078,169 1,028,936
Totals
In order that comparison may be made with other years
we give below the totals at leading ports for six seasons,
ReeeipU at—
1902.
1901.
1900.
1899.
Gaives'n.Ao.
New Orleans
69.808
75,040
Mobile
Savannah...
8,87fc
89,102
82,883
7,716
51,276
13,375
10,080
19,998
86,308
73,606
6,356
83,685
7,000
3.999
14,633
2,642
89,302
48,377
63,693
9,648
33,647
4,316
8,871
17,646
1,748
30,847
Ohaa'ton,
<fco
Wllm'ton.Ao
Norfolk
N. News, Ac.
411 others...
lot. this wk.
Since Sept.
1
44,345
11,329
15,468
24,801
592
11,269
397
17,61)
260,830 292,433
267,531
1898.
218,793
362,880
66,608
127,865
18,664
65.670
22,224
11,634
28,737
417
34,448
366,267
Exported
19,
— 1002.
from
Sept.
1,
1902, to Dec. 19. 1902.
Exported to—
to
Savannah
New York
Total 1902..
ttock.
Total.
17,895 45,579 15,159 13.660
16.147 16,693 14,202 12,841 2,309
14,000 3,800 8,500 10,000 2,000
1,880
1,500
1,600
5,100
3,300
5,000
11,500
"350 "300
500
13,000
8,000 1,000
292546
92,293
62,092
38.300
3,380
10.000
16,500
1,150
22,000
187.798
141.246
26.288
28,770
28,215
140,812
46,779
68,142 65,972 53,191 37.801 20,609 245,715
832,454
Total 1901.. 115,922 52,976 69,202 31,804 17,720 287,624
Total 1900.. 89,853 33,393 69,071 29,816 26.510 248,642
741.312
799 561
Speculation in cotton for future delivery has been fairly
Early in the week there was a sharp upward turn to
following an advanoe in the Liverpool market,
which resulted from buying by Egyptian operators, stimulated by lees favorable prospects for the Egyptian cotton
crop and a sharp advance in prices for Egyptian cotton. The
continued light movement of the American crop also had its
influence as a bullish factor. The position of the local market
for January contracts has been a matter of much discussion
and interest. Early in the week a settlement was made on
110,000 bales for January delivery between a prominent commission house representing Southern holders of cotton and
the principal holder of January contracts. Reports, however, have been current— which are generally lcoked up:>n by
the local trade as extravagant— that there is still a large outstanding interest in January contracts, the opinion of the
majority being that no attempt will be made to run a January corner. Southern advices have continued to report firm
markets, with offerings limited, especially of good long-staple
cotton, which appears to be in short supply. During the
second half of the week part of the improvement in prices
was lost, the result of profit-taking sales by speculative holders and predistions of a freer movement of the crop, especially in Texas.
To day there was a steadier market, the very
moderate in-sight movement for the week stimulating buying by shorts to cover contracts. The close was firm at a
net gain in price for the day of 10@12 points, exclusive of
next September, which was 4 points higher. Cotton on the
spot has been firmer, closing at 8'70c. for middling uplands.
The rates on ana on* middling, as established JNov. 20, 1902,
by the Revision Committee, at whioh grades other than
middling may be delivered on oontraot, are as follows,
Fair
..o. 1-30 on
Good Middling Tinged. .o. Even
Middling Fair
096 on Striot Good Mid. Tinged.. 030 on
Strict Good Middling
0-62 on Strict Middling Tinged.... 006 or
Good Middling
0-44 on Middling Tinged
0l»o8
8trlot Low Middling
0-14 off Striot Low Mid. Tinged... 084 08
Low Middling
0-38 off Middling Stained
050 08
Strict Good Ordinary
0*72 off Strict Low Mid. Stained... 1-06 08
Good Ordinary.... ........ 1-00 off Low Middling Stained
1-50 08
On this basis the official prices for a few of tne grades for
ihepast week— Deo 13 to Dec. 19— would be as follows
active.
prioes,
Hon Tbii Wed
Sat.
iood Ordinary.......
low Middling
755
817
765
827
alddllng
8 55
8 65
iood Middling
8-99
909
7-70
8 32
8-70
U-14
middling Fair
961
9 61
966
GULF.
Sat.
..
790
852
780
,ow Middling.... .....
Siddllng
.......
iood Middling.
.. .
Middling Fair
8-80
9 24
890
9-76
8-42
Low Middling Tinged...
iood Middling Tinged
8'21
8-55
Strict
770
827
8-32
8 70
870
9-14
8'65
«'09
966
961
Th. Prl.
7-95
790
8-57
8 '57
8-63
8-57
8 '95
939
991
8*9S
9-39
895
9-39
991
991
795
8'90
9 84
9-86
7 15
8 15
8 31
I
914
966
795
Hon Tnca Wed
805
mmmm
770
832
a-34
7-05
middling
Prl.
7-65
986
Sat.
uOW Middling. ._.... ........
Ta.
Hon Toes Wed
iood Ordinary.....™.
STAINED.
4391,839 4300,923 1254,287 3742.742 5503,922
Week Ending Dec.
Hew Orleans.
Salveston....
Let f.rtg
Great
GerOther OoattBritain Fr'nee many. For'gn v>ite.
UPLANDS.
122.697
96,953
10,084
37,854
9,383
10,363
32,970
1,149
41,427
The exports for the week ending this evening reach a total
of 200,894 bales, of which 94,468 were to Great Britain, 28,827
Below
to France and 77.599 to the rest of the Continent.
are the exports for the week and since Sept. 1, 1902.
MoforU
from—
at—
Dee. 19
Other ports
44,345
8.937
11,324
5
15,457
11
24,801
4,182
11
3,180
Ft. Boyal.&o.
Lambert & Barrows. Produce Exohance Building.
ON SHIPBOARD, NOT CLEARED FOB—
15,011
8,844
3,987
1,891
6,623
We
75,040
8.678
9,586
6,497
Brunsw'k.dtc.
Charleston....
8,944 16,288 14,656 14,514 11,052
1,153 2,557
1,342 2,517
180
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
oleared, at the ports named.
add similar figures for
Hew York, whioh are prepared for our special use by Messrs,
Charleston...
Mobile
Norfolk
54,297
7,297
•••• 15,011
LXXV.
[Vol.
865
7-20
720
820
715
7-20
820
836
870
Ta. Frl.
820
836
870
8-15
8-31
8 36
865
870
The quotations for middling upland at New York on
Dec. 19 for eaoh of the past 82 years have been as follows.
8-70
1894. ...0.
8i*
5%
1893...
713 16
Brumwlck
49,'575
6,860
66436
1886. ...0. 9>«
1878. ...0. 9
11>4
914
1877
1885
12*8
11
.10
1892
1884
1876
7iB 16 1883
lOSe
1S6 I6
1875
7*
1891
51S 18 1890
14*8
10*8
9*3
1882
1874
5'e
16»«
10»4
12
1873
1889
1881
73 l8
20>*
ll 15 i« 1872
1888
1880
9*a
12» ia
8*3
10»8
1871
19 7a
1887
1879
Notb.—On Oct. 1, 1874, grades 01 cotton as qnoted were changed.
Acoordlngto the new classification Middling was on that day qnoted
^se. lowerthan Middling of the old classification.
Charleston..
Port Royal..
16,560
48,069
63,629
MARSKT iND SALES
188,652
238.592
5,881
17,334
100
8,821
76,064
166,821
1,127
41,770
58,805
Orent
j-.-
Brit'n.
aftlreiton....
Sab. Pan, 4o.
31.600
6,800
Ktw
23,82?
22,089
Orleans.
Oontirunt.
16,660
7,200
9,491
Mobile
Pemaoola....
Wilmington..
33,651
York..
Britain.
77,077 ~458,00g 158,087
13,500
12.142
31,680 401,441 142,428
2G.8S8
33,681
86,268
29,276
10,879
4,705
96.698
11,463
100
8.721
0,599
88,416
40,643
7.341
1.400
100
2,899
3.700
Pklladelpbia
4,226
4.226
1,219
536
46.672
17,679
JJ.018
8anFr»n..4o.
1.78S
1,849
1.220
7,013
Continent.
4.705
Boston
Baltimore
Totm.
frtntt
19.879
N'portN.,&o.
New
Wttk
Stremt
32,988
Savannah
Norfolk....
7otmi
1,239
3,212
293,610
29,ie8
277.824
3*
«>
16,878
907,729
41,950
821,193
40.936
23.852
375,902
68.335
491,446
10,733
1,160
18,829
66,768
67,992
94,468
28 827
77,689,200.894 1,883,620 3S
total 1901 ....116,960
10,869
l,229,39l'3, 169,273
40,139 166,9 5sll, 6 59,301 370,578 1 9.9M sai 't IRQ :!
1,869,353 8,092,646
1902...
1901...
1900...
1899...
1898...
1897...
1896...
1896...
1.
.
9 7a
.
.
.
.
.
Spot Market
Closed.
Saturday ..[Qnlet
Monday
Quiet,
T otal
. .
pts. ad.
pts. adv.
S ilbb or Spot
Market
CLOSED.
B'rly steady.
1
Firm
<b
contract
Oonport.
Oon-
tump.
tract,
i
52
200 6,500
_
,
,
fotal.
52
5,700
B'rly steady.
Quiet, 5 pta. dec Quiet & st'dy
Quiet, 5 pts.adv. Firm
31*6
500
600
500
815
500
iba
2,200
2,308
L.
675
9,200
9,875
Tuesday... IQuiet, 5
Wednesday unlet
t'hursday
Friday
Futures
Steady
500!
"
.
December
9
:
THE CHRONICLE.
20, 1902.]
1361
At the Interior Towns the movement —that is the receipts
Futures,— Highest, lowest and oloslng prices at New York
week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
for the
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Stock at Antwerp
- ....
5,000
3,000
5,000
6.0O0
Btock at Havre
...
87,000
121,000
103,000
244,000
Stock at Marseilles
3.000
2.000
2.000
4.00C
Stock at Barcelona
42000
55,000
37,000
77.00C
Stock at Genoa
41,000
30.000
46.00C
38,000
Stock at Trieste
2,000
5.00C
2,000
3,000
Total Continental stocks
346,000 395,000 358,200 595.20C
Total European stocks
825.000 1,021.000 912.200 1.300,200
India cotton afloat ior Europe
64.000
17,000
50.000
8. OOC
Amer ootton afloat for E'rope 685.000 795,000 669,000 468,000
EKypt. Brazil, Ac, aflt.f or E'pe
81.000
72.000
46,000
97,000
Stoek in Alexandria, Egypt... 182 000 203,000
174,000 189,000
8took In Bombay. IndlaV.
189.000 155!000 211,000 240,000
Stock In United States ports. 1,078,169 1,028.936 1,048,203 1,144.410
Stock In D. 8. Interior towns.. 666.901
716,264 785,305 833.028
United States exports to-day.
28.485
19,943
26,025
18,101
Total visible supply
3,t>89,555 4,028,143 3,921,733 4,297,739
Of tie above, totals of American and other descriptions are as follow s
,
,
The above totals show that the interior stocks have increased during the week 2,719 bales, and are to-night 149,363
bales less than same period last year. The receipts at all the
towns have been 37,317 bales less than same week last year.
Overland Movement for the Week and Since Sept. 1,—
^e give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
Dec. 19 and since Sept.
1
The results for the week ending
In the last two years are as follows.
1902.
December 19.
Wtth.
1901.
Sines
Sept.
1.
Sinet
With.
Sept.
Via St. Louis
Via Cairo
Via Paduoah
Via Rook Island
Via Louisville
Via Cincinnati
Via other routes, Ac.
377,968
61,972
1,462
3,214
2,567
11,418
313,053 24552
5,2495,304
1,294
1,251
13,823
7,163
56,165
14,066
4,113
123,206 15,802
56,420
616,911 53,129
737,473
30,318
7.441
,
Total gross overland
Deduct shipments—
Overland to N. Y., Boston, Ao.
Between Interior towns
Inland, Ac, from South
7.079
3,388
88,013
18,211
21,680
13,056
162,044
31,628
£0,653
97,904 14,377
878
„.
—
„
.
214,325
4\d.
425 sa d.
4i5 32 d.
49 18 d.
59i 8 d.
5S 16 d.
4*ja.
43 18 d.
1ST Continental imports past week have been 152,000 bales.
The above flgares indicate a loss in 1902 of 338,588 bales
as compared with same date of 1901. a decrease of 232,178
bales
45.07ft
total net
overland
519.007
43,782
523,148
The foregoing shows that the week's net overland movement
year has been 45,075 bales, against 43,782 bales for the
In 1901, and that for tbe season to date the aggregate net
overland exhibits a decrease from a year ago of 4,141 bales,
chis
week
3,071,555 3,474,143 3,326,533 3,640,589
80,000
65,000
72 000
88,000
Londonstook
7,000
6,000
2,000
12,000
Continental stooks
25,000
33.20C
36.000
30.200
India afloat for Europe
54,000
8, OOC
17,000
50,000
gypt. Brasll, Ac, afloat
81,000
72,000
97,000
46,000
Stock in Alexandria, Egypt... 182,000 203,000
174,000 189.OO0
Stock in Bombay, India
189,000 155,000 211,000 240,000
Total East India, Ac
618.000 554,000 595.200 657.200
Total American
8,071,555 3,474,143 3,326,533 3,640,539
Total visible supply.. .....3,689,555 4,02n,l43 3,921,733 4,297.739
diddling Upland, Llvnrpool..
4l8 3a d.
4-52d.
5»4d.
45i 8 a.
Middling Upland. New York..
79 18 e
8'70o.
106 18 c.
8*s0.
Egypt Good Brown, Liverpool
7i«d.
7%d.
ei5i6«.
838i.
Peruv. Rough Good, Liverpool
7-20d.
7d.
7^d.
73sd.
Broach Fine, Liverpool.......
rinnevelly Good, Liverpool...
11,345
Leaving
American—
Total to be deduoted
24
16,032
81,738
45,015
164,724
629
662
.
JJlverpool stock
bales. 392,000
655,000 470.000 615.00C
Continental stocks
821.000 359,000 328,000 562,000
American afloat for Europe.
685.000 795 000 669.000 468,000
United 8tates stock
1,078,169 1,028 936 1,048,203 1,144 410
United States Interior stocks. 566.901 716,264 785.305 833,028
United States exports to-day..
28.485
19,913
26,t25
18,101
1.
Shipped—
.
Total American
Matt Indian. Branl, Ac
Liverpool stook
&
»
03
as follows. Foreign stocks, as we!
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-nighf
(Dec. 19), we add the item of exports from the United State*
including in it the exports of Friday only,
1901
1902
1900
1899
ltoekatUverpool... .|>*lei. 472,000 620,000 512,000 703,000
took »t Lomdon
7,000
6,000
12,000
2.00 C
Total Great Britain stock. 479,000 629,000 654,000 705. OOC
took »t Hamburg. ..„.._.._
6,000
13,000
15,000
1 6.00C
itook at Bremen
157,000 169,000 155,000 1 95,000
Stock at Amsterdam...
2,000
Stock at Rotterdam
200
200
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corresponding period of 1901
z"* V
from 1900 and a decline of 608,184 bales from
1699.
1902
In Sight and Spinners
Takings.
1901.
Sine*
Ifttk.
Sept.
1.
Wtek.
Sine*
Sept.
1.
Receipts at ports to Deo. 19
260,830 4,391,839 292.433 4,300,923
Net overland to Deo. 19
45.075 519.007 43,782 623,148
Southern consumption to Deo. 19. 40,000 633,000 86,000 547,000
Total marketed
Interior stocks in excess
Came into
\
345,905 5,543,846 372,215 5,371,071
2,719 503 823 20,848 586,959
sight during week.. 348,624
Total in sight Deo. 19
NOrth'n spinners' tak'gs to Deo.
Movement
1900- Dec. 21
1899- Dec. 22
1898- Dec 23
1897-Deo. 24
393,063
6,047,669
1
68.185
5,958,030
883,334! 63.953
849,456
into sight in previous years,
Since Sept.
388 442
311.821
493.902
..446,485
1—
1900— Dec 21
1899— Dec 22
1898— Dec 23
1897— Dec 24.
Bolts.
_
6,112,573
5,520,403
7,217,144
6,860,522
..
.
THE CHRONICLE,
1362
Quotations for Middling Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other prinoipaf cotton markets for each day of the week.
OLOBTNG QUOTATIONS TOR MIDDLING COTTON
Week ending
Dec. 19
Mon.
Satur.
8k
8k
85ja
83l8
8
Charleston..
Wilmington.
Norfolk
8 3 18
8
8
8
She
7%
8i*
7%
She
she
8 3 i«
8-55
Mobile
Savannah...
* 5 16
83i«
8
7%
New Orleans
85, 8
7i5i 6
7 79
Stalveston...
8-55
865
838
8-95
Augusta
8^4
8^18
Memphis
8k
8k
83l«
83 l6
e 3 ie
Lonls
Houston
Rook.
The
8 3 18
8k
7%
8k
7\
Olnalnnatl..
Little
8-90
8-95
83a
7?8
8he
8hs
She
8
8k
8-70
84
865
83s
888
8-90
8-95
838
8%
8k
8 5 ie
She
838
&k
8k
—
8
8%
8k
8k
86ia
Bk
8k
and thirty-five hundredths.
from 30'6 to 64*3, averaging
She
She
8he
She
She
8 8 i8
8ha
8h6
8k
8k
8
Atlanta...
Charlotte
Columbus. 4a.
8k
8k
7
8k
8
Natohez
8
Raleigh
Shreveport
Louisville
Montgomery...
7k
8
8k
Nashville
7 7s
Eufaula
8ha
Option Market.—The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
7 e
New Orleans
Monday, Tuesday, Wed'day, Thursd'y Friday.
Sat'day.
Dec.
Decree—
Range
Closing
. .
January—
Range
Closing
. .
Maech—
Range
Closing...
May-
Range
Closing
. .
JULT—
Range
Closing
13
Dec. IS.
Dec. 16.
Dec. 17.
Dee. 18.
Dec. 19.
8-07® 09 8-10»-18 8'14®-15 — a-17 8-10®12 8-17®
05® - 8-17® - 8-14®-15 8-14© - 8-10® - 8-19®
8
—
—
8*10®-18 8'16®-22 816»-2) 8-15®-19 812*16 815®-24
8-12®13 8'22®23 8-16»17 8-18®'17 8-13®'14 821® 22
8'20®-28 3-26®-33 8-26»-31 8-24®-30 8-22»-28 8'24®-34
8'22®23 8'32®-33 8-26®-27 8*26®'27 8-28®-24 8-32®33
8-27®-35 8-34® 42 8-34®-39 8*32®-38 8-30®'36 8*32®-43
8-80®31 8'41®'42 8-34®35 8-35®36 83l®'32 8'40®'41
8-37»-40 — 8j _ — ®-46 — ®-45 8-36®-40 838®-47
8-37«-38 8-47®49 8 41®*43 8-42®-43 8-37«*38 8 45*47
,
. .
Tone—
Spots
Options...
Firm.
Steady.
V*y st'dy Steady.
Steady.
Quiet.
Steady.
Steady.
Nashville, Tennessee,
We have had rain during the week,
the precipitation being three inches and twenty-five hundredths. Average thermometer 44, highest 62, lowest 31.
Mobile, Alabama.— Heavy rains in the interior the early
part of the week, but clear and cold towards the close.
There has been rain here on three days of the week, the precipitation being four inches and forty-six hundredths. The
thermometer has averaged 59, the highest being 72 and the
lowest 36.
Montgomery, Alabama. The week's rainfall has been
three inches and sixty-four hundredths, on three days. The
thermometer has averaged 54, ranging from 34 to 71.
Selma, Alabama. —There has been rain ou two days during the week, the rainfall being three inches and twenty
hundredths. The thermometer has ranged from 30 to 68,
averaging 50.
Madison, Florida.— It has been dry all the week. The
thermometer has averaged 59, ranging from 38 to 72.
Augusta, Georgia
We have had rain on two days of the
past week, the rainfall being eighty-nine hundredths of an
inch. Average thermometer 51, highest 71, lowest 82.
Savannah, Georgia. Dry all the week. The thermometer
has ranged from 37 to 76, averaging 56.
Stateburg, South Carolina.
Cotton picking is about
finished. The week's rainfall has been eighty-nine hundredths
of an inch, on two days. The thermometer has averaged 51,
ranging from 34 to 73.
Greenwood, South Carolina,— It has rained during the
week, the rainfall reaching one inch and three hundredths.
The thermometer has ranged from 40 to 55, averaging 47.
Charleston, South Carolina.—Rain has fallen on five days
of the week, the rainfall being three hundredths of an inch.
The thermometer has averaged 56, the highest being 73 and
the lowest 39.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o'clock Dec. 18, 1902. and Dec. 19, 1901.
—
—
—
Firm.
Br'ly st'y
Steady. Steady.
Weather Reports by Telegraph. — Telegraphic
advices
to us from the South this evening indicate that on the whole
the weather has been rather unsatisfactory during the week.
Bain has been quite general, with the rainfall rather excessive in a number of sections. In Texas and along the Atlantic, however, the precipitation has been light or moderate as a rule. In consequence of unfavorable weather, picking has been interrupted in many distriots where not already
Dee. 18, '02. Dee. 19, 01.
Feet.
tlew Orleans
Wash vlllf
Shreveport
yiokflburg.
Fall River Mill Dividends
—
3 9
220
312
333
258
7-7
289
5-4
3-3
in 1902.— In our editorial
oolumns to-day will be found an
article
under the above
caption covering the results for the year 1902.
Movement from all Ports,— The
India Cotton
Galveston, Texas.—There has been rain on two days during
the week, the rainfall reaching seventy-two hundredths of
an inch. Average thermometer 55, highest 72 and lowest 38.
Corpus Christi, Texas.— Dry weather has prevailed all the
week. The thermometer has averaged 66, the highest being
88 and the lowest 44.
Fort Worth, Texas, The week's rainfall has been twelve
hundredths of an inch, on two days. The thermometer has
averaged 46, ranging from 30 to 62.
Palestine, Texas.
There has been rain on two days during
the week, the precipitation reaching forty-five hundredths
of an inch. The thermometer has ranged from 80 to 72,
Feel.
8-7
.......Above zero of gauge.
...Above zero of gauge.
Above zero of gauge.
......Above zero of gauge.
..Above zero of gauge.
Memphis
completed.
reoeipta
ootton at Bombay and the shipments from all India ports
for the woek ending Dec. 18, and for the season from Sept, 1
to Dec. 18 for three yearshave been as follows:
jf
1903.
1900.
1901.
Receipts at—
Since
Wttk,
lfe«*.
Sept. 1.
43,000
—
averaging 50.
San Antonio, Texas.
The thermometer has ranged
45-8.
—
closing quotations to-day (Friday) at other important
Southern markets were as follows.
Athens....
She Columbus, Miss 7\
and twenty hundredths. The storm damaged cotton, The
thermometer has averaged 46-4, ranging from 30 to 66.
Memphis, Tennessee.— Daring the greater part of the week
picking was entirely suspended. It has rained heavily on
three days of the week, the precipitation reaching five inches
Fri.
85 18
8 3 ia
7^8
8-80
St.
Thurt.
8
85.8
8 70
838
85,8
8k
.
8
8
Philadelphia
Baltimore
Wednes.
lues.
ON—
LXXV.
[Vol.
Sept. 1.
236,000 65,000
298.000
For the Week.
Sine*
Week.
Sept. 1.
57,000
220,000
Since September
1.
Mnportt
from—
Great
Continent.
Britain.
fotai.
6reat
Continent.
Britain.
total.
—
We have had no rain the past week. Bombay—
1902 ...
16,000
17,000
2,000
3,000
61,000
64,000
Average thermometer 51, highest 72, lowest 30.
6.000
1901
6.000
82,000
32,000
Paris, Texas. — Crop in this section disappointment. Late
1900
12,000
8,000
8,000
94,000
106,000
frost caused some bolls to open, but continuous wet weather
?aloatta—
1902
1,000
1,000
11,000
11,000
for nearly two months prevented picking of cotton which
1901
3,000
3,000
had opened, and what remains can hardly add materially to
1900
1,000
7,000
8,000
receipts.
Rainy or cloudy this week.
Madras—
New Orleans, Louisiana. Rain has fallen during the week
1902
1,000
1,000
1901
3,000
3,000
to the extent of one inch and thirty-eight hundredths, on
1900
7,000
12,000
5,000
two days. The thermometer has averaged 59.
mothers—
84.000
Columbus, Mississippi. — There has been rain on three
1902
34,000
4,000
4,000
26.000
1901
28,000
days of the week, the precipitation reaching one inch and
7",6bo
32,000
1900
25,000
fifty-five hundredths.
The thermometer has averaged 58,
the highest being 70 and the lowest 36.
Total all—
110,000
107,000
21.000 22,000
3,000
1902
1,000
Leland, Mississippi.— Rain has fallen during the week to
64.000
64,000
6.000
1901
6,000
the extent of one inch and fifty hundredths. The ther183,000
158,000
25,000
1900
8,000
8,000
mometer has averaged 48, ranging from 27 to 65.
Manohbbter Market.— Our report received by cable
Vicksbufg, Mississippi.—It has rained on three days of
the week, the rainfall reaching one inch and ninety-five hun- to-night from Manchester states that the market is firm
The demand for India is
dredths. The thermometer has ranged from 84 to 74, aver- for both yarns and shirtings.
improving. We give the prices for to-day below and leave
aging 52.
Meridian, Mississippi. Picking will be finished by Decem- those tor previous weeks of this and last ye>ar for comparison.
ber 20th in this vicinity. There has been rain on four days
1902.
1901.
during the week, Average thermometer 50, highest 60 and
,
.
—
—
lowest 40.
Greenville, Mississippi.— Heavy rains during the
32« Cop.
week and
8k
on three days of
d.
Little Rock, Arkansas.— Rain
d.
the week, the precipitation reaching three inches and two Nv.14 7ii««8
21 7li8»8
hundredths. The thermometer has averaged 44, the highest
" 28 7k ®81i6
being 64 and the lowest 28.
Deo. 5 7ii6»8
" 12 7li8»8
Helena, Arkansas.— We have had heavy thunder-storms
" 19 7% OShe
on two days during the week, the rainfali being five inches
'
Shirt- Oott'n
common Mid. 32*
Uplds
to finest.
lower temperature.
has fallen
lot.
ings,
Twist.
s.
d.
5
5
lk»7
lk»7
2 97
lk»7
lk»7
lk»7
6
5
5
5
s.
d.
7k
7k
8
7k
7k
7k
A.
8 k lbs. Shirt- Oott'n
Cop. ings, common Mid.
Uplds
to finest.
Twist.
A.
A.
s.
4'44 6<>8 »7k b
4-54 6H 16 o7i« 5
4T"4 6% ©7k 5
4'48 tilBjflWTOg 5
4-54 7
f»7!*» 5
4-52 7
®7* 5
d.
s.
d.
07 10k
®7 9
A.
4l>,8
413,,
41 1„
0k»7 9
14»7 10k 4k
2
2
»7
®7
11
41»M
1
41"S2
Deckmbkb
THE CHRONICLE.
20, 1902.]
1363
as to the extent of the insects' depredations, farmers seem to
Alexandkia Rbokiptb and Shipmhntp of Cotton
Through arrangements we made with Messrs. Davis, believe that serious future loss of their most important crop
Benaohi & Co., of Liverpool and Alexandria, we now is threatened unless means for the extermination of the weereceive a weekly cable of the movements of cotton at vil are speedily found.
The importance of the subject induced the Commercial
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding Club of Dallas to take steps to bring about a meeting of interested parties from all sections, with the view, through
week of the previous two years.
intelligent discussion, of taking ooncerted action in the
Alexandria, Soypt,
December 17.
1901.
1902.
Receipts (oantars*)—
Ibis we»k
„
Since Sept. 1
1
Since
Thit
week.
Sept. 1.
1900.
350,000
3,549,000
320.000
3,868,000
Since
This
week.
Sept. 1.
210,000
2.900,000
This
week.
Sina
Sept. l
Bxports (bales)—
Xo Liverpool.... .... 18,000 169,000 18.000 123.000
13,000 161,000 18,000 181,000
Total Europe
*
A eantar Is
.....
mat-
Through a committee, a convention was arranged for,
to meet at Dallas on December 17. Pursuant to the arrangements the convention was opened on the date named, every
section of the State sending delegates; addresses were made
by W. D, Hunter, United States entomologist; E. Dwight
ter.
143,000
9,000 103,000
131,000 330,000 36,000 809,000
9,000 246.000
98 pounds.
Of which to America In 1902, 34,814 bales; In 1901, 39,487 bales;
In 1900. 18.897 bales.
t
Sanderson, State entomologist, J. H. Connell of the State
Farmers' Institute, W. D. Gibb3 of the Agricultural and
Mechanical College, and P. W. Mally. Prof. Hunter paid
particular attention to the history of the boll weevil and
Prof. Sanderson made a strong appeal for organized effort to
destroy the weevil.
A permanent organization was formed, with headquarters
Among other measures adopted it was resolved to
at Dallas.
make determined effort, through legislation,
stricting the killing of insect-eating birds.
towards
re-
European Cotton Consumption to Dec. 1.— By cable
Jute Butts, Bagging, &c.~ The market for jute bagging
we have Mr. Ellison's cotton figures brought down to
has been featureless during the week under review, but
December 1. We give also revised totals for last year that quotations are unchanged at 6c. for \% lbs. and 6J£c. for 2
to-day
comparison may be made. The spinners' takings in actual
bales and pounds have been as follows:
Oct. 1 to
Dec.
Great Britain.
1.
Continent.
Total.
569,000
497
282,793,000
846,000
488
412,848,000
1,415,000
530,000
503
286,590,000
662,000
509
For 1902.
Shipping i-sbws.-au shown on a previous page, the
asports of cotton from the United States the past week have
reached 200,894 oales, The shipments In detail aa made up
from mail and telegraphic returns, are as follows:
,
Takings by spinners... bales
Average weight of bales. lbs
4916
695,641,000
For 1901.
Takings by spinners. bales
Average weight of bales.lbs
. .
336958,000
1,192,000
506-3
603.548.000
According to the above, the average weight of the deliveries
Great Britain ia 497 pounds per bale this season, against
503 pounds during the same time last season. The Continental
deliveries average 488 pounds, against 509 pounds last year,
and for the whole of Europe the deliveries average 491 6
pounds per bale, against 506*3 pounds last season,
Our
dispatch also gives the full movement for this year and las-t
year in bales of 500 pounds.
in
f
Oct. 1 to Dec.
Sales of 500 lbs.
standard grades. Jute butts inactive at lj^@l^c. for
paper quality and 2@2^c. for bagging quality.
lbs.,
1902.
1.
1901.
tacit,
Great
000* omitted.
Britain.
Continent.
Great
Total.
Britain.
Continent.
Total
Total bales.
New York—To
Liverpool, per steamer Bovio, 2,872 upland
and 178 Sea Island
_
To Hull, per steamer Marte'lo, 650
To Rremen, per steamer Cassel. 1,058
To Hamburg, per steamer Moltke. 200
To Antwerp, per steamer Finland, 50
To Reval, per steamer Oscar II., 250
Victoria,
To Genoa, per steamers Citta di Napoll, 702
3,050
650
1,058
200
50
250
435
1,137
To Naples per steamer Victoria, 200
200
To Asounoion, Paraquay, per steamer Tintoretto, 4
4
New Orleans To Liverpool -Dee. 13— Steamer Nioaraguan.
Deo. 17-8teamer Pinemore, 13,000
6.789
19,789
To London— Deo. 17— Steamer Mexican. 2,300
2,300
To Antwerp Deo. 17— Steamer Istok, 83
83
To Copenhagen- Deo. 19— Steamer Louisiana, 1.358
1,358
To Malaga -Deo. 16— Steamer Marianne, 1,000
1,000
To Trieste— Deo. 16— Steamer Marianne, 2,150
2,150
To Genoa-Dec 16-Steamer Marianne, 4,900
4,900
ii*.i,VBSTON— To Liverpool— Deo. 13 -Steamer Wm. Cliffe, 5,426
Deo. 18-Steamer Civilian, 17,604
23,030
To Manchester -Deo. 13— Steamer Telesfora, 8.570
8,570
13 -Steamers Matteawan, 9,757; MilwauTo Havre-Dee.
-.
kee. 19,070
28,827
To Hamburg-Deo. 13— Steamer Milwaukee, 1,143
15—Steamer Inohmarlo. 1,836
2,984
To Genoa-Dec. 13— Steamer Conway, 13.866
12,966
To Vera Cruz-Dec. 17—Steamer Normandle, 700
700
Sabine Pass—To Liverpool— Dec. 13— Str. Geo. Pyman, 6,300. 6,300
To Bremen— Deo. 13— Steamer Monkseaton. 7,200
7,200
Savannah— io Bremen— Dec. 13— steamer Grosmont, 4,931
Deo. 16— Steamer Oape Colonna, 6,970
Deo. 17—
Deo.
425.
638,
257,
370,
381,
312,
260,
751.
376.
52,
S08.
375,
445,
360,
260,
820,
376,
1,180,
Consump. Nov., 4 wks.
8Dinners' stock Dec.
100
444.
Spinners' stock Oct 1.
Takings in Ootober...
Total supply
Oonsump.
Oct., 4 wks.
Spinners' stock Nov. 1
Takings in November.
Total supply
1
55,
237,
317,
321,
353,
558,
636
273,
240,
638,
368,
911,
608,
427,
753,
33,
296.
270,
353,
303,
649,
329,
264,
623
952,
636,
368.
632
544.
65.
255,
320
36,
1,063
]
The comparison with last year is made more striking by
bringing together the above totals and adding the average
weekly consumption up to this time for the two years.
Oct l to Dec. l.
Bales of 500 to*, each,
000s omitted.
Spinners' stock Oot.
—
1902.
Great
Oonti
Britati
nerU.
55,
370
1901.
1
Great
Britain
Total
425,
317
353
674,
1,207,
1,816
569,
504,
991,
736,
1,560,
L,240,
65
255,
320,
Supply
Oonaumpt'n, 8 weeks
620,
1,196,
520
752,
1,272,
Spinners' stock Deo.
100
444,
544,
1
36,
Tola
533
826,
1
neni.
1,391,
565,
Takings to Deo.
Conti
000s omitted.
65,
65.
94,
94.
159,
159.
60,
66.
92,
92,
152,
158,
Our cable also states that Mr. Ellison has revised consumption on the Continent by adding 1,000 bales per week for month
of October.
The foregoing shows that the weekly consumption is now
159,000 bales of 500 pounds each, against 158,000 bales of
like weights at the corresponding time last year. The total
spinners' stocks in Great Britain and on the Continent have
increased 117,000 bales during the month, and are now
224,000 bales more than at the same date last season.
The Mexican Boll Weevil and Texas Cotton Growers.
—The injury already done to the cotton growing interests
Texas by the Mexican
—
Total
Weekly Consumption,
In October..
In November.
Steamer Sohonfels. 13.874
25,775
Hamburg— Deo. 17— Steamer Sohonfels, 1,300
1,300
Bergen—Deo. 17— Steamer Schonfels, 100
100
Oxelsun-Deo. 17— Steamer Sohonfels, 100
100
13— Steamer Grosmont, 2,500
Beval -Deo.
Deo. 16Deo. 17 Steamer SohonSteamer Oape Colonna, 600
fels, 1,556
4,656
To Gothenburg—Deo. 16— Steamer Cape Colonna, 200....
Deo. 17- Steamer Sohonfels, 300
500
To Malmo— Deo. 16— Steamer Cape Colonna. 500
500
To Oporto— Deo. 13— Steamer Grosmont, 50
Deo. 17—
Steamer Sohonfels, 700
750
Wilmington—To Liverpool— Deo. 15— 8tr. Hermiston, 16,165. 16,165
To Manchester— Deo. 17— Steamer Europa, 3,214
3,214
Norfolk—To Liverpool— Deo. 13—Steamer Germanicus, 4,705 4,705
Newport News—To Antwerp— Deo. 16— Str. St. Enoch, 100...
100
Boston-To Liverpool—Deo. lO— Steamer Merion, 1,370
Deo. 12 8teamers Michigan, 1.129
Ultonia, 840....
Deo. 16— Steamer Devonian, 887
4,226
Baltimore—To Liverpool -Deo. 12-8tr. Ulstermore, 1,220... 1,220
Bremen— Deo. 17— Steamer Willehad, 565
To
565
Philadelphia—To Liverpool -Deo. 13— Str. Noordland, 635..
635
To Manchester— Deo. 5— Steamer Manchester Trader, 614.
614
8eattle -To Japan—Deo. 16— Steamer Kaga Maru, 5,213
5,213
Taooma—To Japan—Deo. 18—Steamer Yangtsze 1,800
1,800
To
To
To
To
of
reports that the circle
boll weevil, and
of operations of the pest is apparently extending, has aroused
fanners of the State to action. While discussion of the subject may have caused the circulation of exaggerated reports
. ......
_
Exports to Japan since Sept,
the Pacific Coast.
Jotton freights at
as follows.
—
1
New York
200,894
.
have been 65,753 bales from
the past
week have
beers
Satur.
Liverpool.... ....c.
Manchester
.c.
Mon.
Tues.
11^12
15
12
15
12
15
12
15
12
15
12
15
26k
Wednes. Thnri.
Havre
Bremen
c.
26k
26k
26k
26k
26k
c.
Hamburg
c.
Ghent
Antwerp
c.
15
15
21
15
25
15
15
21
15
25
30
15
15
21
15
25
30
29
15
27
42 k
15
15
21
15
25
15
15
21
15
25
SO
29
c.
Beval, Indirect.. e.
Beval, via Canal.e.
Barcel'na.indVt.c.
Genoa..
c.
Trieste
e.
Japan
(via SueD.e.
30
29
15
27
42k
Quotations are cents per 100
29
15
27
42>«
lbs.
30
29
15
27
42k
Fri.
15
15
21
15
25
30
29
14015 14915
27
27
42*8
42k
.
.
THE CHRONICLE.
1364
—
Liverpool. By cable from Liverpool we have the follow"
tng statement of the week's cables, stocks, &c, at that port.
Nov. 28
alea of the week
bales
„.„.
500
35,000
13,000
75,000
363,000
295,000
104,000
77.000
350.000
325,000
Actual export.............
Forwarded
Total stock— Estimated
Of which Amerloan— Eet'd.
week
Total Import of the
Of which American
Amount afloat
Of which Amerloan
Dec. 12.
Dec. 5.
44,000
1,500
Of which exporters took...
Of which speculators took
I ales Amerloan
59.00C
1,800
3,200
51,000
8,000
106.000
433.000
376,000
181,000
175,000
282,000
227,000
Dec. 19.
61,000
1.8O0
5,300
53,000
6,000
102,000
472,000
392,000
173,000
131,000
369,000
327,000
54,000
1,300
3,500
46,000
13,000
87,000
407,000
346,000
74,000
52,000
369,000
318.000
The tone of the Liverpool market for spots and futures
each day of the week ending Dec. 19 and the daily closing
prices of spot ootton. have been as follows.
Spot.
Sat'day.
Market, {
18:80 p. M.J
Quiet.
Mid.
Opi'dfl.
Monday. Tuesday. Wed'day Thursd'y Friday.
Fair
452
business Harden'g.
doing.
454
7,000
SOO
458
10.000
1,000
10,000
500
Spec. Aexp.
Fair
business
doing.
456
10000
Moderate
454
Easier.
452
demand.
10 000
1,000
12.000
1,000
Qniet at
Steady at
1,000
Futures.
Market
I
ttpened.
\
Market,
4
P.
M
(
f
partially
Firm at
2@3 pts.
adv.
advanoe.
Steady at Steady
partially
1 pt. dec.
l pt.
at
3®4
pts.
partially
decline.
1 pt. dec.
Steady,
unchang'd
Quiet at Very st'dy Brly st'dy Q'tAst'dy W'k&irres Steady at
2 pts.
4@4* ptS. K@2H PU. 2S.2H pt?. 2X-&J* Pts. Hi 2« pts.
decline. advance. adrance.
decline.
decline.
advance
Iheprioesof futures at Liverpool for each day are ;:i*en
below, Prices are on the basis of Uplands, Good Ordinary
olauae, unless otherwise stated,
The prices are given in pence and 100<A. Thus: 4-67 means
4 <JM00d.
Sat.
Dion,
Tne«,
Dec. 13.
Dec. 15.
Dec. 16.
124
1
124
4
124
*
Wed. Than,
Dec. 17
d.
Jan.-Feb....
Feb.-Moh.
..
Moh.-Aprll..
April-May
May- June..
Jane- July..
July- Aug..
Aug.-Sept..,
d.
d.
d
4 49 4 48 451 4 52
4 47 4 46 4 49 4 50
4 47 4 4514 49 4 RO
4 47 4 454 49 4 50
4 47 4 45 4 49 4 50
4 47 4 46 4 49 4 50
4 48 4 46 4 49 4 50
4 48 4 46 4 49 4 50
4 48 4 46 4 49 4 50
d.
d.
4 53 4
4 52 4
4 52 4
4 52 4
4 52 4
4 52 4
4 58 4
4 53 4
4 53 4
52
52
52
62
52
52
53
53
53
d.
Dec. 18
124
1241 4
P.M. P.M P.M. P.M. P.M. P.M. P.M. P.M.
December.
Deo. -J an
—
.
P.
d.
4
Vri.
Dee. 19
,
124
4
M. P. M. P.M. P.M.
d.
d.
d.
d.
4 50 4 50 4 49 4 45 4 47 4
4 SO 4 49 4 49 4 45 4 47 4
4 49 4 49 4 49 4 45 4 47 4
4 49 4 49 4 49 4 45 4 47 4
4 49 4 49 4 49 4 46 4 47 4
4 50 4 SO 4 50 4 47 4 48 4
451 451 4 51 4 48 4 49 4
451 4 51 4 51 4 48 4 49 4
451 451 4 51 4 48 4 49 4
4 46 4 46 4 46 4 43 4 44,4
47
47
47
47
48
48
49
49
49
44
Sept.-Oct...
Oct -Not
BREADSTUFFS.
Friday, Dec. 19, 1902
Business in the market for wheat flour has shown no improvement, as buyers and sellers continue apart in their
ideas of values. Buyers generally appear to lack confidence
in values on their present basis, and in making purchases
have operated strictly on a hand-to-mouth basis. Mills,
however, on the other hand claim that spot quotations for
flour are low, as compared with the cost of tne graio, and
have held for higher prices for supplies to come forward.
Rye flour has been quiet but steady. Buckwheat flour has
had only a small sale, and prices have been easier. Corn
meal has been quiet and easier.
Speculation in wheat for future delivery has been moderately active, but the tendency of prices has been toward a
lower basis. Speculative holders have been reported sellers
to liquidate tueir account and realize profits, There has
been no aggressive buyiog to absorb tnese offerings and
there has been a gradual yielding of values. The advices
received from the European markets have been of an unsatisfactory character, they reporting quiet conditions, and
exporters were reported as only small buyers in the cash market until the end of the week, when they took advantage of
the decline in prices, and purchased supplies with some show
of freedom. Prospects of the growing winter-wheat crop
have continued favorable. One authority says that the crop
is partially covered by snow and that the condition is generally maintaiced. To-day there was a firmer market on
reports of a more active export demand. The spot market
was fairly active and firm. The sales for export here and at
outports for the day were 550.000 bushels.
DAILY CLOSING PRICES OF NO. 2 KBD WHITER WHEAT IN MIffYOHK,
Bat.
Hon.
lues.
79%
7H4
834
814
Wed.
Thurs.
78Be
Fri.
-.
793e
794
79»s
Cash wheat f. 0. b
83=*
82%
83
834
Deo. deUvery In elev
83»s
HI
81%
814
8038
804
May deUver v In elev
7838
783i
784
784
78 7s
78«e
July aenvery In elev
DAILY CLOSING PRICES OP NO. 3 SPRING WHEAT IN CHICAGO.
Mon.
Tues.
Wed.
Fri
Bat.
Thurs.
744
73
784
754
743s
DeoideUvery In elev
760s
7734
77
774
774
764
77»a
May delivery In elev
74
73»8
744
74
744
744
July deUvery In elev
Indian corn futures have been fairly active, especially in
the Western speculative markets, but it has been at declining values, prices for the near-by positions breaking sharply.
The feature has been the collapse of the bull clique in De-
[Vol.
LXXV.
cember in the Chicago market, they failing to respond to a
heavy call for margins, resulting in free selling to liquidate
these accounts. Statistically the position of the market has
been steadily improving, and this, too, has had considerable
influence in weakening prices. Weather conditions in the
corn belt have been reported as generally favorable for the
handling of the crop. Receipts at primary markets have
been larger and stocks are increasing. The spot market has
been weaker, there being fair offerings at a decline in prices,
but the volume of business transacted has been limited, exporters apparently holding off for a more settled market. Today there was a steadier market. The spot market was quiet
and unchanged. Sales for export to-day were 120,000 bushatoutjorts.
DAILY CLOSING PRICES OF NO. 2 MIXED 0ORN IN
FORK.
Mon.
Bat.
Tues.
Wed. Thurs.
Fri.
OMh corn f. o. b
61
61
61
80
594
594
Dec. delivery In elev
624
614
61
594
584
60
Jan. delivery In elev
58
554
544
53%
544
May delivery In elev
49
48«8
483s
484
484
484
July delivery In elev
....
474
474
47
•••
DAILY OLOSIHG PRICES OF NO. 2 MIXED 0ORN IN CHICAGO.
Bat.
Hon.
Tues.
Wed.
Thurs.
Fri.
Dec. delivery In elev
55
564
53
474
464
463s
May deUvery in elev
436g
43%
439g
434
43
43'v
July deUvery In elev
424
424
42%
424
424
42%
Oats for future delivery at the Western market have been
quiet and easier. Speculative holders have been reported
sellers to liquidate their accounts, prompted by a fairly free
movement of the crop and an unsatisfactory cash demand.
The break in prices for corn also had a depressing irjflaence
upon values. Locally the spot market has been quiet and
prices for white oats have declined. To-day prices advanced
on light offerings. The spot market was irregular, being
higher for white oats and lower for mixed.
DAILY OLOSIHG PRICKS OP OATS III
YORK.
Bat
Mon.
Tues.
Wed Thurs. tri
WO. » mixed in elev
374
374
374
374
374
87
ao. 2 white In elev
88%
38%
384
384
384
394
DAILY CLOSING PRICES OP HO. 2 MIXED OATS IN CHICAGO.
8at
Mon.
Tues.
Wed.
Thurs. fri.
els
NEW
NEW
31%
334
Deo. delivery la elev
In elev
May deUvery
31%
334
314
314
30%
314
32 7s
32%
324
333s
Following are the closing quotations:
FLOUR.
Fine.....
$2 60 •2 65
Patent, wtnter
$3 75 «4 10
Superfine, .... .
2 75 ©2 80
City mills, patent. 4 40 ©4 60
txtra, No. X. . .... 2 85 92 90
Kye flour. superfine 3 00 03 60
Extra, Nc, A .. _.. 2 95 •3 20
Buckwheat flour.. 2 20 92 30
CUears. ....„, *
OS 35
.. 3 10
Corn mealStraights...,. .„ ... 3 50
f>3 80
Western, etc
3 15 «S 20
Patent, spring... 4 10 94 65
Brandywlne .... 3 20 93 25
(Wheat flour tu eaoks sells at prices below those for barrels.)
OBAIN.
Vheat, per buan
o.
e.
Corn, per bush.—
o.
c.
HardDuL.Uj. 1.. f. o. b. 874
Western mixed
574*594
S'thern DuL, No.l f.o. b.854
No. 2 mixed
f. o. b.594
Ked winter, No. 2 f.o. b.794
Wo. 2 yeUow
t. o. b.59 4
Nort'n Dul. No. 2. f. O. b.84«8
No. 2 white
to. b.60
j • is— Mix' a, p. bush.
364 »S9
Bye, per bushWhite
874 943
Western
.5849614
No. 2 mixed
37 938
(Hate and Jersey. .....55 056
No. 2 white
Farley— West
_ 3949404
48 «63
Feeding
42 945
The movement of breadstuffs to market as indicated in the
statements below is prepared by us from figures collected
by the New York Produce Exchange. The reoeipts at
Western lake and river ports for the week ending Dec. 18,
ind since Aug. 1, for eaoh of the last three years have been:
CUeeift*
at—
Wheat
Flour.
Bbu.imm
OaU.
Oorn.
Barley.
Rye.
Buth.00 lb* BuiKMlbs Bush.32lbs Buth.iSlbi Bu.56
150.188
45,716
653.491
86,750
83 1 ,129
4,181
e8,353|
3,211,290
69,490
246,750
815,000
865,580
107.800
71,417
ilnneapoll-i.
1,440,100
104.COO
tfllwankM.
1,009,580
30,400
866.947
8.600
Jstrolt
Uevaland ...
Lonli ...
100,100
Uiiii
18,381
41,742
16S593
332,883
810.890
7,600
862,200
428.8)0
1,600
202,500
133.300
874,800
91,925
81,800
13.474
84,070
135,774
55.785
25,300
It
lbs
101,201
183,200'
402,300
455.PO0
105,100
City.
76,000
19,215
42,700
6,400
8,940,b50
2.700,616
1/.90 003
wk.'Ol.
828.713
489 2-2
5.716.563!
itmi
6,856.468
4.20*, 8 19
1,719.182
187,881
209.693
»m«
wk.'OO
313.291
4 829,870
4,798,981
2,957.596
2,839,003'
997,117
116,178
rot.wk.1808
Since Auw.
1
1908
i»no
9.687,224 158,483,870 44.878.714 8».668>v7
9.297,729 148163,836 56.938 916 87.488.: 67
8.009.929 123.8 '9 783 78.855.209 71.3*8 020
30,161.013 0,748.718
27,485.738 2.012,644
26.279.7P2 2,613,008
The receipts of flour and grain at the seaboard
week ended Dec. 13, 1902, follow:
ports tor
the
Flour,
UtHftc atNiwXortt-
B UtOU
M
1'
B
.ntroa'
iiadalmia.
.ltlmore
•lahmond
<»w Orleanslawport Newi
Norfolk
*»iToiton
Portland, Ms
rlobile
U.John, N.B
ibis.
118.012
40.4X9
6,380
90,«48
99.294
2.9.-6
8,4i4
10,416
1.250
1.143
1,968
tv***t,
bush.
570.875
255,828
7.1,125
B8.861
30.846
345,000
15.000
Osrn.
buih.
278.i'50
76.689
260,414
791.519
20.348
29M.760
294.06*
76,600
149.600
129,686
Oatl.
buth.
5 1*. SOO
98 52
28.160
86.888
81,627
L
0.0tS
45.125
£«rl*»
/»»•,
»-!«»
<"«*.
93.800
167,825
9.3W5
6.783
12.60(1
13.796
118.:07
.
....
29.459
18,00)
63,882
379000 1722,817 2,108.438
918,841
209,399 211,107
16.845
649,768
905,231
114,685
686840 2 621.686
• Reoeipti do not icetouc grain Bailing through
Haw Orleani for roraii n
p rtion through bllla of lading.
Total week
_V»#k_i901
Total receipts at porta from Jan.
follows for four years:
1
to Dec. 13 compare as
:
December
MOl.
1H9V.
80,^47.204
21.798.497
1900.
2 1.020.734
btuh. 180,080,1 OS
2B,a77,71«
49,821,707
8,H04,693
B.465.080
164,197,870
104.411,643
69,749.166
5,166.910
8,648,084
96,570.802
178.763.482
76.877,912
10,147,714
8,728.9;5
118.517.821
194,692.786
211,399,299
837.162,693
863,^83,895
416,939.981
B$cei*t Of—
soli
Wheat
"
Com
'
Otta
"
Barley
Rye. ..
"
Total grain
81,008.480
90.457,S:;4
18,657,681
6.614.662
bus\.
bbls.
146,939
24,184
1,250
50.873
80,890
24,485
Ha
151.713
388.865
192,930
75,600
291,068
43,000
Norfolk
Mewn'rt Newi Te.oco
8al»»tton
St.
John.N.B.
Tetal week
Same
820,000
63,832
.
The destination
1,
kbw sokk TO
Continent.
17.785
11,427
8,414
7,586
Amerloa,
292,928
294 621
182,861
391.415
294,292
24.627
29,212
6 580
21,604
31,264
week and
of these exports for the
Flour.
1
27,521
13.3H4
1.867.384
1902.
bush.
88.754,479
80,490,912
6,935
72,697
982,083
1,887,667
1.207.118
83.103.280
lf.N.Am
5.031
61,(57
460,746
676.614
116.223
415,167
292.928
292.621
7,935,014
7.546.710
Colo'i
Other ooontriei
Totai
Total 1960-01
....
-Wheat.
JVeek Sines July
.
Dec. 13
bush.
887,783
787.207
42 071
1,
250
1,600
70,23'5,259
09m,
fc»wa.
Corn,-
,
Week
Since July
Dec- 13.
1, 1902.
bus*.
but*.
566.996 2,443,237
849,175 2.704,486
2,647
62,800
18.695
337.244
12.085
156,2*1
98,794
178.671
1,548,292 5,872 669
112.126 19 434,973
U«ts,
*us*
8.471.00C
363,000
839.000
Bottom
799.001.!
Philadelphia
328 000
708.ooe
64.000
857,000
1,046 00
387.000
192,000
42.juv
fFfesat,
lusters at—
...
Hew York
Do
afloat
Baltimore
Hew Orleane
Qalreeton
Montreal
Toronto....
inflalo
Do
afloat
288,000
40,000
2,000
82.000
910 000
162.000
70,000
85,J0u
1,806.00*3
"6.000
263,000
510 jv
219.000
64,000
103,000
l.sVoVoui
312,000
—
"ii.ooo
65,000
8.354,000
"i'.ooo
10,968,000
4 197, '0C
Dalnth
773.000
2,000
....
afloat
Milwaukee
afloat
Do
rt-WiU'mAPt-Arthu?
612,000
'
1.000
48,000
168.000
219,000
21,000
265,000
6,000
1,179.010
841.66b
18,000
«8.0nn
85,000
606.0OC
81.000
181.000
83.000
205.000
15,000
66,000
1,000
1,000
6 193.000
1.8 2,000
6,766.000
6.742.0C0
9,987.000
5.332,000
1,831,010
8.638,000
1.290.001
1,422,000
3.841.0OC
3,674.000
2,868.000
8.4H2.000
2,891,01
1 620.000
afloat
Mlnneapoll
St. L>OQlt
afloat
Do
KmsasCltT
Pema
Inllanapolli
....
1,487,000
821.000
840,000
oa Mississippi BiT«r
On Lakes
On eanalandrtTer
Total
Tjtai
Total
Total
Total
2600
133,000
1,090.000
629.0CC
afloat
Beriii
hut'
236.000
48,000
103. out
7,853.000
•stroll
Do
1985.000
60 000
88 0OO
118,000
'
143,000
afloat
J*m»Ru
Do
1.782.00C
1,203,000
83 J 00
21.00c
6,983.™*!
87«,0uu
Toledo
Do
fcusto.
Dec.
13. 1932.. 48,161,000
6.1902.. 46.940,000
Deo. 14, 1901.. 59.358.000
16,1900.. 81,082.000
Dec.
Dec. 16,1899.. 57,093,000
125
Total
2,037
1,189
119,755
20,864
25,484
10,872
24,194
2,085
9,813
54,591
13,660
2,787
6.438.000
3.895,000
11.187.000
8,138,000
11,585,000
Week. Since Jan.
284,494
295
18
497
43
147
.
1,569
..
1
652
29
37
290
321
4,106
1,568
91,660
6,646
41,767
9,915
22,868
1.961
6,001
50,864
10,244
6,288
1
247,575
9
4,749
200
••••
The valueof these New ¥ork exports since Jan. 1 to date
has been $13,133,646 In 1902, against $10,945,105 in 1901.
Home buying of heavy brown sheetings and drills dees not
increase and calls for only a moderate quantitv of goods.
More business than of late has been done for export, and
there are considerable orders in the market at the close.
Prices are without quotable change. Lonsdale 4-4- bleached
muslins have been reduced J^c. and several other tickets 3^"c.
to %i, per yard. Large orders have been taken for these
goods. In one instance) the previous quotation has been
restored and a correction of the decline is likely in others.
Sales of wide sheetiDgs are indifferent but made-up sheets
and pillow cases sell well at full prices. Buyers of denims,
ticks, plaids, cheviots and other coarse, colored cottons still
find the market very scantily supplied and prices firm.
Ducks are quiet but steady. Canton flannels and blankets
are in light supply and firm. Kid-finished cambrics irregular. There i3 a steady demand for staple calicoes, which
are generally in good condition and steady in price. Fancy
calicoes and fine printed fabrics are quiet and without
special feature. There is no Increase in the supply of staple
or dress style ginghams, and the market is firm. Prices of
print cloths are unchanged. Regulars quoted at 3c. The
demand has been quiet for all descriptions.
Foreign Dry Goods —A firm market is reported for fine
foreign dress goods, with a fair demand. Silks and ribbons
also are firm, with about an average amount of business
doing. Linens are quiet, but prices are well maintained.
Burlaps are steady for light-weights, but heavy-weights are
easy.
31.000
'85.000
Dec
30
63
Central America.
...
South America.........
OtherOonntrlei. .... ...
sine;
The visible supply of grain, comprising the stoofcs it
granary at the principal points of accumulation at lake anf
seaboard ports, Dec. 13, 1902, was as follows:
Do
Ore»t Britain...... .._Other European
China..- ...........
Ipdla
—- ..
West Indies
.....
Mexico
"7,992
16,000
1901.
Week. Since Jan.l.
Arabia..... .............
•
10,446
Wett Indies
C.
77,142
1902.
airiOle*«tee»i *••• • ••« *•*
'
Week Sines July
Exports for
week and tines
Dec 18. 1, 1902.
bbls.
bbls.
Ssit. 1 to—
Onited Kingdom 153.794 p ,008,911
&
40
bun'A
5,147
reported in flannels and
is
Dko. 15.
fit*,
217,150
market
Domestic Cotton Goods,—The exports of cotton good
erom this port for the week ending Dec. 15 were 2,787
packages, valued at $174 166. their destination being to the
points specified in the tablet? below
1901, is as below:
.
S.
Oat*,
bush.
96,287
83,040
29,459
"V.968
1,887.667 1,648.292
112126
time '01.. 1,207,113
July
Hour,
Corn,
890.541
12,185
t>uiV
883,878
K«wYork
485,867
Boston
129,665
Portland,
24.000
Philadelphia..
81.907
Baltimore
Hew Orleans.. 293,723
A firm
previous prices.
,
Whtat,
1365
blankets.
The exports from the several seaboard ports for the weefe
ending Dec, 13, 1902 are shown in the annexed statement
Snorts from -
.
•
THE CHRONICLE.
20, 1902.]
rionf-
.
«
THE DRY GOODS TRADE.
Nbw
Yokel. Friday, P. M., Dec. 19, 1902.
The week opened with a break of }£c. to J£c. per yard in
several leading lines of bleached cottons, and it was expected
that the reduction would be generally followed. This has
not, however, been the case, there being no further declines
since Monday, and at the close of the week the tone of the
bleached- goods division is distinctly steady. In other directions the home trade in cotton goods has shown little change.
The day-to-day demand has been moderate, and still governed
by current requirements. During the past few days
there has been an encouraging revival of interest in the situation among buyers for the China market. No business of
importance has transpired so far, but bids for quite a considerable volume of goods in the aggregate have been put
forward. Reports of the retail trade here and elsewhere
show an active business in progress, and general trade conditions are such as to warrant expectations of an augmented
demand at first hands after theclos9 of the year. The woolengoods division of the market is firm, with a good demand for
chiefly
overcoatings. Collections are generally satisfactory, in spite
of the stiffness of the money market.
Woolen Goods. The advances shown in the overcoating
lines opened prior to this week have been confirmed by other
leading makes since put upon the market, and by the fact
that buyers have placed considerable orders for the fall of
1903 at the new range of quotations— that is from 5 to 10 per
cent above the opening prices of a year ago. Kerseys have
been in chief requeet, but there has also been some good
buying in such rough-faced goods as friezes. Re-orders for
light-weights in woolen and worsted trouserings and suitings for spring have been of fair extent and full enough to
disclose to buyers the fact that in a number of directions
sellers have already secured as much business as they can
comfortably take care of for the spring season. This condition is seen in both staple woolens and worsteds, as well as
in a number of lines selling from $1 25 downwards in other
than staple goods. Doeskin jeans are dull. Cloakings are
in quiet request. There has been no special movement in
woolen or worsted dress goods. The demand is quiet at
Importations and Warehouse Withdrawal* ot Dry Good*
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——— —
—
—
—
—
THE CHRONICLE.
1366
[Vol.
LXXV.
as sent in, The bonds drawn are held as follows
The
German Savings Bank of New York, $43,000; the Savings
Bank of Utica, $16,000; the Greenwich Savings Bank of New
:
York, $11,000; the St. Paul Trust Co., $1,000; the Security &
Trust Co. of Philadelphia, $3,000, and the Permanent School
Index.
An index
news matter appearing in this Depart- Fund, $1,000.
from July 5, 1903, to Sept. 27, 1902, inMultnomah County, Oregon. Warrant Call.—John M.
clusive, was published in the Chronicle of Oct. 4, 1902, Lewis, County Treasurer, has called for payment oounty
warrants Class 86 drawn upon the general fund that were
pages 753, 754, 755 and 756.
presented and indorsed on October 1, 1901, "Not paid for
want of funds."
ment
to all the
for the period
News
California.
— Official
Amendment
Items.
to
Exempt Bonds from Taxa-
returns recently received show that 74,526
votes were cast for the amendment to the State Constitution
exempting bonds from taxation and 66,132 against, and the
amendment accordingly carried. This amendment was
given in full in the Chronicle May 3, 1902.
Cincinnati, Ohio. Annexation Project. The question of
annexing the villages of Bond Hill and Evanston to the city
of Cincinnati will probably come before the people at the
spring election in April. Measures to this end are now before the local legislative bodies of the places interested.
Bond Act Invalid. The State Supreme Court on December 9 handed down a decision holding invalid the Act of the
State Legislature authorizing the Public Library Trustees to
issue bonds. The suit was a friendly one brought by Lewis
L. Sadler, a taxpayer, to prevent the Public Library Trustees
from issuing the $180,000 3J^£ library-site bonds awarded
September 9 to the Western German Bank of Cincinnati.
The Circuit Court, as stated in the Chronicle Nov. 29, held
the Act valid. This decision has now been reversed by the
Supreme Court on the ground that the Act is special legislation prohibited by the Constitution.
The
Columbus, Ohio. Injunction Made Permanent.
"Ohio State Journal" of Columbus on November 26 stated
that Judge Bigger on November 25 made permanent and perpetual the injunction against the city restraining the issuing
of $176,000 bonds for the construction of the naw electric
light plant for the city. The attorneys for E. E. Beckett
asked leave to withdraw the petition which they had originally hied and then substituted an amended petition, and it
was upon this petition that the order was allowed. The city
authorities were willing to have the injunction allowed,
since the $175,000 is not necessary now for the erection of
the plant. See Chronicle Aug. 2, 1902.
Georgia Legislature Adj Darns.—The State Legislature
adjourned at 2 a. m Deo. 13, 1902.
Jefferson County, Ala. Bond Litigation. We are advised by J. H. Wallace, Secretary of the Sanitary Commission, that suit has been instituted to test the validity of the
Act authorizing the issuance of sanitary bonds of this county.
The Chancery Court of Jefferson County has decided in favor
of the bonds, and the case is now in the State Supreme Court
on appeal. Under Act 716, Laws of 1900-01, $500,000 bonds
are authorized for sanitary purposes, and of this amount
$300,000 were offered for sale May 20, but the bids then received were rejected. The contractors for the work have
since agreed to accept bonds in payment, the same to be delivered as the work progresses.
Vermont. Legislature Adjourns. The State Legislature
adjourned on Dec. 13, 1902.
tion.
—
—
—
—
—
Bond Calls and Redemptions.
Broadwater County, Mont.—Bond Call. —M. Grurnett,
County Treasurer, calls for payment December 15 at the
office of the County Treasurer or at the Thomas Cruse Savings Bank, Helena, 6# funding bonds Nos. 1 to 20, inclusive,
each for $1,000 and dated Oct. 1, 1897.
W. H. Shumpp, Borough TreasCarlisle, Pa.— Bond Call.
—
payment April
1, 1903, at the Carlisle Deposit
the following bonds: Series 4i C," Nos. 1. 2 and 3 for
$500 each; No. 10 for $400; Nos. 7 and 12 for $200 each; Nos.
Aggre4, 5, 8, 9 and 11 for $100 each, and No. 6 for $1,000.
gate called, $3,890.
Cochige County, Ariz.— Bond Call.—M.. D. Scriber,
County Treasurer, calls for payment Jan. 15, 1903, at his
office in the city of Tombstone, the following bonds
urer, calls for
Bank
Bond Proposals and Negotiations this
week have been as follows
Akron, Ohio. Bonds Authorized. —The following bonds
:
have been authorized:
Avenue sewer bonds. Denominations, $100 and $500. Matur$400 In one year, $400 in two years, $600 In three years.
9,000 main trunk sewer No. 9 bonds. Denomination, $600 Maturity, $2,000
yearly for four years and $l.o< o in five years.
600 Ackley Street sewer bonds. Denomination, $100. Maturity. $200 yearly.
1,000 Wheeler Street sewer bonds. Denomination. $100. Maturity, $800 in
one year and also in two years and $400 in three years.
1,600 Wabash Avenue sewer bonds. Denominations $100 and $500. Maturity, $500 in one year, $500 In two years, $600 in three years.
91,800 Bucbtel
ity,
Date of bonds JaD. 31, 1903. Interest, not to exceed 5g, payable semi-annually at National Park Bank, New York City.
Allentown, Pa.— Bonds Authorized. The iesuaoce of $29,000 S}4% refunding bonds has been authorized. Denominations, thirty of $500 and one hundred and forty of $100 each.
Date, Jan. 1, 1903, Interest, semi-annual, free from all taxes.
Maturity, 30 years; optional after 5 years. Date of sale not
—
determined.
Ann Arbor,
Mich.—Bond Sale.— This city has sold to local
banks $31,000 10-year sewer bonds.
Augusta, 6a.— Bond Sale.— On December 15 the $56,000 i%
30-year funding bonds dated Jan. 1, 1903, were awarded to
John W. Dickey at a premium not stated. Martin & Bueh
of Augusta, R. J. Branch of Augusta and J. M. Holmes of
Chicago were also bidders for the bonds.
Ballard, Wash.— Bonds Voted.— The proposition to issue
$20,000 sewer bonds carried a t the election held December 2
by four votes, accoring to local dispatches.
Ballard School District, King County, Wash.— Bond
Offering.— Proposals will be riceived until January 3 by the
Treasurer of King County fcr the $20,000 20-year school
bonds voted at the election held Nov. 22.
Barberton, Ohio.— Bonds Defeated.—The question of issuing $2,000 public-library bonds was defeated for the second
time at the election held December 8.
Barnesville, Ga.— Bonds Voted.—By a vote of 298 to 1 the
citizens of this place on December 2 authorized the 'esuance
of $6,000 electric-light, $2,000 water and $2,000 sc hool-improvement bonds.
Barnesville, Ohio.— Bonds Voted.— This place has voted to
issue $10,000
improvement bonds.
Bay Saint Louis, Miss.— Bond Election.— An
be held December 29 to vote on the question of
election will
issuing $10,-
000 city hall bonds.
Beaumont, Texas.— Bond Offering.— Proposals for the
$25,000 refunding debt, $95,000 additional paving, $75,000
school-building, $40,000 city-hall, fire-station and prison and
$75,000 sewerage 4$ bonds voted on November 11 will be received until 10 a. m., Jan. 6, 1903, by Thos. H. Langham,
Mayor. Authority, Section 44, Charter of Beaumont, and
Chapter 67, Laws of 1899. Date, Dec. 1, 1902. Interest
semi-annually at office of the City Treasurer or at the Seaboard National Bank, New York City. Maturity, 40 years;
optional after 20 years. Certified check on a Beaumont national bank for 5% of the faoe value of the bonds required.
Bellaire, Ohio.— Bids.— Followng are the bids received
December 16 for the $15,000 4.% city-hall-furnishing bonds described in the Chkoniole Nov. 22 :
F. L. Fuller & Co., Cleveland, par, accrued Interest less [attorney's fee and
cost of blank bonds.
Seasongood & Mayer, Cincinnati, par, accrued interest less $100 for attorney's
fee and blank bouds.
P. S. BrlKKs * Co., Cincinnati, par, accrued interest less $300 ^or attorney's
fee and blank bonds.
The award will be made by the Council at the regular
meeting Dec. 23, 1902.
Berne (Town), Albany County, N. Y.—Bonds Authorized.
Redemption bonds of 1887, Nos. 64 to 87, inclusive.
Redemption bonds of 1889, Nos. 16 to 88, Inclusive.
The Board of Supervisors has authorized the issuance of
The payment of these bonds is provided for in the tax levy $4,000 bridge and highway-improvement bonds.
Bethlehem (Town), Albany County, N. Y.— Bonds Proand new oonds will not therefore be issued to replace the
posed.— The County Board of Supervisors is considering a
old ones.
Connecticut. Notice. Henry H. Gallup, State Treasurer, bill which authorizes this town to issue $8,000 turnpike-imgives notice that on and after December 26 he will redeem provement bonds. Bill has been advanced to second reading.
Brown County, Texas.— Bond Sale. -On December 18 the
all 3%% Connecticut bonds due Jan. 1, 1903, when presented
at his office .properly indorsed. Interest in full to Jan- State Permanent School Fund, it is stated, purchased an
uary 1, 1903, will be paid if a receipt duly signed for the issue of $1,999 bridge-repair bonds of this county.
Cambridge, Ohio.— Bond Offering.—Proposals will be resame accompanies the bonds. Checks for the January interest will not be mailed unless the .bonds are presented, ceived until 12 m., Jan. 5, 1903, by T. R. Deselm, City Clerk,
for $21,500 4$ refunding bonds. Authority, Section 2701 and
except when specially requested.
Hartley County, Tex.— Bonds Redeemed.— This county on Amendments, Revised Statutes of Ohio. Denomination,
December 4 redeemed $2,000 refunding jail bonds held by $500. Date, Jan. 1, 1903. Interest semi-annually at the
Maturity, Jan. 1, 1923. Accrued
office of City Treasurer.
the State Permanent School Fund.
La Crosse, Wis.—Bond Call.— Lemuel W. Gosnell, City interest to be paid by purohaser.
Carson City, Mich.— Bond Offering.— ProDoaals will be reClerk, calls for payment Dec. 80, at the office of the City
Treasurer. $12,000 water- works bonds, dated Dec. 30, 189a. ceived until December 22 by C. R. Culver, Chairman Finance
Committee, for $4,000 A.%% 10-year refunding bonds. InterDenomination of bonds, $500.
Minnesota. Bonds Drawn for Redemption.— Local papers est, semi-annual. Total indebtedness, $7,500; assessed valAuthority, Sections 2876 and
state that funding bonds to the amount of $75,000 were uation, as equalized, $882,000.
drawn by lot on November 26 and will be paid as soon 2877, Compiled Laws of 1997.
:
—
—
December
————— —
—
—
—
THE CHBONICLE.
20, 1902.]
—
Cass County, Tex. Bond Sale. The Permanent School
of Cass County will take as an investment the $10,000
road and bridge bonds mentioned in the Chronicle Dec. 13.
Chicago, 111. No Bids Received.— No bids were received
on Dec. 15 for the $4,000,000 8>£S 20-year gold bonds de-
Fund
Chronicle Oct. 25.
Chicopee, Mass.— Temporary Loan.
scribed in the
—
The Board of Alderhas authorized the City Treasurer to borrow $31,000
from the Springfield Institution for Savings, in anticipation
men
of unpaid taxes.
Clarence, Mo.— Bonds Voted.— By a vote of 230 to 40 this
on Dec. 16 authorized the issuance of $10,000 5% 5-20year (optional) electric-light-plant bonds.
Columbus, Ohio.— Bond Issue.— The Sinking Fond Commissioners on December 8 purchased as an investment $110,000 4% 10-80 year (optional) electric-light-plant bonds dated
April 1. 1901.
Dougherty County, Ga.— Bond Election.— An election will
be held December 23 to vote on the question of issuing bonds
for a court house.
Dubuque, Iowa.— Bond Sale.— This city has sold $1,400
street and $700 alley-improvement bonds.
Durant, Ind. Ter.— Bond Election.— An election will be
held in this town to vote on the question of issuing $65,000
water- works and $15,000 school-house bonds.
Ephrata (Borough), Pa.— Bond Sale. — On Dec. 15 the
$8,000 4i 5 30-year (optional) electric- light bonds described
in the Chronicle Dec. 6 were awarded $6,500 to the
Neversink Bank of Reading at 101-61. $1,000 to Susan
Konigmacher at 10210 and $500 to H. Bollinger at 102. Two
bids were received for all or none of the bonds from the
Ephrata National Bank and from W. J. Hayes & Sons,
Cleveland, each being for par
Fair Haven, Vt.— Bonds Voted. This village on December 8 voted to issue $50,000
sewer Jbonds and to retire
$17,000 outstanding water bonds. New bonds will mature
in 20 years; optional after 10 years.
Fitchburg, Mass.— Bond Offering.—Proposals will be received until 11 a, M. to-day (Dec. 20), by Geo. E. Clifford,
City Treasurer, for $26,500 %%t 1-10-year (serial) registered
school-house bonds and $35,000 3)££ 1 10 year (serial) registered street-construction bonds. Date of bonds, Nov. 1,
1902.
Interest, semi-annual.
Flagstaff, Ariz.— Bonds Voted and Defeated.—-This town
on December 8 voted to issue $10,500 6% supplementary
water- works bonds and defeated a proposition to issue $9,500
sewer bonds. Denomination of water bonds, $500 Date,
Dec. 31, 1902. Interest semi-annually at the Hanover National Bank, New York City. Maturity, 30 years; optional
after 10 years, Date of sale not determined.
Franklin Coanty(P.;0. Columbas), Ohio— Bonds Authorized.
Th»- County Commissioners on Dec. 16, direct d the
County Auditor to Hdvertise for sale the $250,000 4% 1 25year (serial) memorial- building bonds voted at the recent
general election.
Freehold, N. 3.— Bonds Authorized.—The town Commissioners have decided to refund $20,000 outstanding bonds.
Fresno, Cal.— Bond Election.— An election will be held
Jan. 20, 1903, to vote on the question of issuing $55,000 4%
sewer bonds. If authorized, denomination will be $500.
Maturity, $2,000 in one year and $2,000 in two years after
date, and $1,500 yearly thereafter. Interest will be payable
annually at the office »f the City Treasurer.
Olenville School District, Cuyahoga County, Ohio.— Bond
Offering.— Proposals will be received until 6 p. m., Jan. 6,
1908. by Calvin A. Judson, Clerk Board of Education, for
$65,000 5% h'gh school bnilding bonds. Authority, sections
3991, 3992 aLd 8993, Revised Statutes of Ohio, and election
held Dec. 4, 1902. Denomination, $1,000. Interest March 1
and Sept. 1 at the Garfield Savings Bank Co. of Glenville.
Maturity. $1,000 Aug. 81, 1904,Jand $2,000 yearly on Aug. 31
city
3^
—
—
1367
Hume, N. Y.— Bond Sale.— On Dec. 15 the $28,000,4# highway improvement and bridge bonds, described in the
Chronicle Nov. 29, were awarded to I. J. Depuy, Nunda,
at 103 74.
—
Huntsville, Ala.— Bond Election. An election will be
held Jan. 19, 1903, to vote on the question of issuing $20,000
electric light-plant bonds.
Hyde Park, Ohio. Bonds Proposed. The issuance of
$1,500 fire department bonds is being considered.
Irvington, N. J.— Bond Sale.— The Town Council has
passed a resolution to sell to the Essex County Sinking Fund
Commissioners on a basis of 8 '60$ an issue of $48,000 4£ 1-15year (serial) sewer bonds. Denomination, $1,000.
Jamestown, N. Y.— Bond Sale.—The issuance of $22,000
4% l-10year (serial) paving certificates, a $4,000 4% 10-year
paving bond and a $9,000 4% 10-year fire house bond has been
authorized. These bonds, it is stated, have been sold to the
Union Trust Co. of Jamestown on a basis of 3%%. E. B. Crissey is Chairman Board of Public Works.
—
Lake Park, Minn— Bonds Defeated.—The election held
Nov. 15 resulted in the defeat of the proposition to issue
$11,000 sewer and water bonds.
Leavenworth (Kan. ), School District.— Bids Rejected.— All
bids received Dec. 13 for the $60,000 4% high-school building
bonds described in the Chronicle Dec. 13 were rejected.
They were as follows
John Nuveen & Co. Chicago, par less $1,750 discount.
M. F. King of Ottawa, par less J1.975 discount.
Mr. C. F. W. Datsler, President Board of Education, expresses confidence that the district will be able to dispose of
these bonds without the payment of any discount.
Lewis, Iowa.— Bond Offering.— G. W. B. Fletcher, Town
Clerk, is offering for sale $1,500 60 bonds voted at election
held Nov. 11, 1902; also $500 6% refunding bonds and $500 6$
Maturity, 20 years; subject to call
floating- debt bonds.
after 10 years. Total debt, including these issues, $4,000.
Assessed valuation, $219,214.
Lockland, Ohio.—Bond Sale.— On December 10 the $6,000
5* 30-41-year (serial) street-improvement bonds described in
the Chronicle November 15 were awarded to P. S. Briggs
Co., Cincinnati.
Lorain, Ohio.— Bond Sale.—On December 15 the $55,000
5% street-improvement bonds described in the Chronicle
Dec. 6 were awarded to the New First National Bank of Columbus at 100819. Following are the bids
:
&
:
$S5.2E0 00
New 1st Nat.Bank,Columbus.$55,450 50 H. E. Weil & Co.,LCincln
W.J. Hayes* Sons, Cleve... 65.266 6B W. K.Todd* Co.. Cincin.... 65.000 00
Cinclnnati.Trust Co.. Cincin. 66,250 00
R. Kleybolte
—
& Co., Cincin....
65,010 00
fnis city on DecemLouisville, Ky. Temporary Loans.
ber 11 borrowed $50,000 in anticipation of the collection of
taxes, one-half from the Union National Bank and one-half
from tbe Southern National Bank. This makes $300,000 recently borrowed to provide for current expenses.
Ludington, Mich. Bonds Voted and Defeated.— This city
recently voted on three propositions to issue bonds. One of
these carried— a $20,000 issue for the improvement of cer-
These latter
tain streets. Tne other two met with defeat.
provided for $10,0C0 bonds as bonuses to factories and $8,000
for the extension of the intake pipe of the local water system.
McKeesport School District, Pa.— Bonds Not Sold.— No
bids were received December 11 for the $25,000 8}4% schoolbuilding bonds described
m the Chronicle November 22.
— We
Bonds Proposed.
are advised that this county proposes to issue $100,000 bonds for a
new court house, but that it will probably be twelve or
eighteen months before the county will be ready to put out
the bonds.
Memphis, Tenn. Purchase of Water Plant. The shareholders of the Artesian Water Co., at a meeting on Doc. 8,
voted to sell the main plant, all personal property, etc., to
the city prior to June 1, 1903, for $1,096,000 in casn, leas the
cost to the company of the so called South Memphis water
plant, which is excluded from the deal. If the sale is confrom 1905 to 1936, inclusive.
summated the city will assume the company's bonded debt.
Oreeuville, S.
Bond Sale
D<?c. 16 the $5,000 5%
(V. 69, p. 1149; V. 75, p. 292 and 1304.) City Attorney John
20-year refunding bonds dated Jan. 1, 1903, were awarded to
H. Watkins, it is stated, is preparing the draft of a bill to be
8hacfcston & Son, at 101 "75. For description of bonds see V.
submitted to the State Legislature which enables the city to
75, p. 1216
expend $3,500,000 for the purchase of the water plant and its
C—
Manitowoc County, Wis.
—
—On
fciaelph, Out.— Debenture Offering.— Proposals will be received until 12 m. to-day (Dec. 20) by Richard Mitchell,
City Clerk, for the following debentures
improvement.
—
Monessen (Pa.) School District. Bonds to be Issued.
This district proposes to put out $50,000 bonds for a new
$89,100 00 3$i% consolidated debt debentures, payable in 19 and 20 years. Inschool house.
terest semi-annually.
8,000 00 ?$i% 1-i-year (serial) road-making machinery debentures. Interest
Mount Vernon, N. Y.— Bond Offering.— The Common Counyearly.
2,984 28 3%% 1 and 2-year lrontube and pipe mill debentures.
Interest cil will receive bids until 8 p. m., December 22, for $40,000 4%
yearly.
redemption bonds maturing Dec. 15, 1908. Securities are in
Galfpon, Hiss.— Bond Sale.— The $3,000
5-20-year (op- denomination of $1,000, dated Dec. 15, 1902. Interest semitional) school bonds mentioned in the Chronicle November annually
at the office of the City Treasurer. A certified
22 have been sold to the First National Bank of Gulfport at check for
$1,000, payable to the city of Mount Vernon, must
par. Date of bonds, Dec. 2, 1902.
accompany proposals. Wm. N. Hoyt is City Clerk.
Hamilton County (P. O. Cincinnati), Ohio.— Bond Sale.—
Natchez, Miss. Bonds Proposed. The Mayor and Board
On December 13 the $10,000 4% 20-year bridge bonds dated of Aldermen have given public notice that at the regular
Jan. 1, 1903, were awarded to the German National Bank of meeting of the board to be held Jan.
15, 1903, it is proposea
Cincinnati at 107 53. Following are the bids
to issue $150,000 4% 5-20-year (optional) bonds for the purGerman Nat. Bank. Cincin
107 53
Seasonsood & Mayer, Cincin.. ..103-836 chase of the water- works and sewerage system now owned
F. L. Fuller 4 Co.. Cleveland.... 10M 75 Atlas Nat. Bank. Cincinnati
102-00
and operated by the Natchez Water Supply Sc Sewer Co. or
H. B. Weil & Co.. Cincinnati.... 104-12
For description of bonds see V. 75, p. 1216.
else to build and construct a municipal system of water
Helena, Mont.— Bonds Voted.— This city on December 8 works and sewers.
voted to issue $414,375 50 water bonds. The reported vote
New Bremen, Ohio. Bond Offering.— Proposals will be
was 452 for and 206 against.
received until 12 M., Jan. 6, 1903, by G. A. Running, Village
Holly Beach, N. 3.— Bond Election.— An election will be Clerk, for $38,000 5% water-works bonds. Authority, Secheld Jan. 6, 19J8, to vote on tthe question of issuing bonds tions 2835, 2S36 and 2837, Revised Statutes of Ohio. Denomfor a borough hall and for the building of jetties along the ination, $1,000. Date, Nov. 1, 1902. Interest semi-annually
beach front.
at the offioe of the Village Treasurer. Maturity, $1,000
:
H
—
:
-
——
THE CHRONICLE.
1368
A
yearly on November 1 irom 1907 to 1934, inclusive.
deposit of $200 in cash required with bide.
Niagara Falls, Out.— Debenture Offering.— Proposals will
be received until 4 P. M. December 22, by John Robinson,
Town Clerk, for $7,400 4£ school debentures, maturing part
yearly for twenty years.
Omaha, Neb.— Bond Sale.— The $200,000 30-year funding
bonds offered but not sold on Nov. 25 have been disposed of
to Spitzer
Co., Toledo, at 101 50 for 4 per cents.
Oneida Irrigation District, Idaho.— Bond Offering.— Proposals will be received until 1 p. M. January 26, by Arthur
W. Hart, Secretary (P. O. Preston), for $271,500 7* irrigation bonds. Denomination, $500. Date, Jan. 1, 1903. Inter
est, semi annual.
"Bonds are to be issued in ten series, the
last of which will fall due in 20 years from date of bonds."
Palmetto, 6a. Bond Bill Signed.— The Governor has
signed a bill recently passed by the State Legislature authorizing this place to issue bonds for school purposes.
Passaic, N. J. Bond Sale.— It is reported that an issue
of $47,000 %%% 94^ year (average) school bonds has been
sold to the Sta'e school fund at par.
Paterson, N. J.— Bond 3ale.— On December 15 the $38,000 \% 20-year renewal bonds dated Dec. 1, 1902, and the
$40,000 4$ 30-year rebuilding and refurnishing school bonds
dated Oct. 1, 1902, were awarded to Denison, Prior
Co.,
Cleveland, at 101 154 and accrued interest. Following are
the bids
in bids.
Pittsfield, Mass.— Bonds Voted.— This city on December 2
voted to issue $100,000 bonds for street paving. The City
Council has not as yet taken any action in the matter of
issuing these bonds.
Pleasants Connty, w. Va.— Bonds Defeated.—-This county
has voted against a proposition to issue $50,000 court-house
bonds.
Polk County, Minn.— Bond Sale.—On December 9 $33,000
awarded to
Denomina&
5g 10-year ditch bonds dated Jan. 1, 1903, were
Stoddard, Nye
Co., Minneapolis, at 100-312.
tion, $1,000.
Interest annually on January 1.
Port of Portland, Ore.—Bond Offering.— Proposals will be
received until 4 P. ai., Jan. 17, 1903 (time extended from
Jan. 8), by E. T. C. Stevens, Clerk, for $150,000 4% gold
bonds. Denomination, $1,000. Date, Jan. 1, 1903. Interest
Maturity,
semi-annually at the office of the Treasurer.
Jan. 1, 1933. Bids are to be unconditional and must be accompanied by a certified check for 5% of the face value of
&
the bonds bid for, drawn on some bank in Portland and
made payable to the Treasurer of the Port of Portland. Accrued interest to be paid by purchasers.
:
Denison, Prk
W.
J.
r
&
Co..
Cleveland
tio.ooo
S38.C00
Renewal Bonds,
School Bds.
Forall 10V154
Forall 101021
101'016
101-04
100*77
100-15
100375
100-3 5
100-25
10030
100-18
100-28
100*00
100-08
'
'
,
Hayes & Sons, Cleveland
'
•
& Co., Cleveland
Blodget, Merrltt & Co.. Boston
Farson. Leacb & New York
Spitzer & Co.. Toledo
Dick Bros. & Co.. New York
W. E. B. Smith. New York
The
Mont.— Bond Sale.— On
NEW
Ked Lake County, Minn.—Bond Sale.—This county has
sold an issue of $47,000 \\4.% drainage bonds to Thorpe Bros.,
Denomination, forty-five of $1,000 and four of $500
at 101.
LOANS.
PROPOSALS FOR DRY-DOCK
$40,000
BONDS.
INVESTMENTS.
F. WILD & CO.,
WINONA, MINNESOTA,
The Port of Portland, Oregon.
Proposals will be received at tbe office of The
Port of Portland, Hoom 686 Worcester Block, Portland, Oregon, until SATURDAY, JANUARY 17TH.
1903, AT 4 O'CLOCK P. M., for the whole or any
part of ODe Hundred and Kifty Thousand Dollars
of the bonds of The Port of Portland. Oregon, in
denominations of One Thousand Dollars each, each
to be dated January 1st. 1903, payable thirty years
from date, and bearing interest at the rate of four
per cent per annum, payable on the flrst days of
January and July of each year, principal and interest
payable in United States Quid Coin at the office of
the Treasurer of The Port of Portland, in the City
Of Portland, Oregon
The above bonds are Issued for the purpose of
acquiring a Bile for a dry-dock, and preparing said
site for the use of and constructing such dry-dock
and are authorized by Sections 9 and 10 of an Act of
the Legislative Assembly of the State of Oregon
filed In the office of the Secretary of State March
1st, 1901, revising and amending certain former
Acts establishing and incorporating The Port of
Portland.
Bids are invited for all or any portion of such
bonds and bidders will submit an unconditional bid
and accompany the same with a certified check on
some responsible bank in the City of Portland.
Oregon, equal to five per cent of the face value of
the bonds bid tor, payable to the order of the
Treasurer of The Port of Portland, as liquidated
damages in case the bidder shall withdraw his bid
or shall fail or net'.oct to take and pay for, at the
office of the Treasurer of said Port of Portland, the
bonds aforesaid, should the same be awarded to him.
None oi saiit bonds will be sold for less than their
par value with interest accumulated thereon from
the day of their date to the date of sale. Delivery
of said bonds will lie made at the lime of the
awarding thereof. The right to reject any and
bids
is
Proposals
will
until nine (9) O'CLOCK
5tn, 1903, by the City Council for
be received
JANUARY
$40,000 Electric-Light Bonds, lu denominations of
$1,000 each, dated March 1st, >0<. Interest at tbe
rate of four (4) percent will be payable semi-annually,
I'rlnolpal will mature: $*,000 yearly on July 1st from
1904 to 1907. Inclusive, and $1,000 yearly on July 1st
In in 1D0H to l'J27, inclusive; principal and Interest
payable at the National Park Bank of New York
ity. Proceeds to be used in constructing an electric-
'
llglit
plant.
Council reserves the right to accept bid at anytime
before January 25th. No bid will be accepted unless
a contract for constructing an electric-Hght plant
has been first awardel. All proposals mus' be sealed
and have endorsed thereon "Proposal lor ElectricLight Bonds.''
A deposit, of $500 in money or a certified check on
some Dank in Winona, Is required with each bid.
A
("1
{\
rauo
PADL KEMP,
Blodget, Merritt
&
Perry, Coffin
&
60 State
36
MUNICIPAL BONDS.
E. C.
121
STANWOOD &
CO.,
HANK Kits,
Devonshire Street,
BOSTON.
General Mortgage
5% Bonds.
x
Price to net t A%.
Write or apply
for particulars.
MASON, LEWIS & CO.
BANKERS,
BOSTON.
MUNICIPAL
RAILROAD
CORPORATION
00 D«<r«n«hlr«
St.
_-.._-
BONDS.
Choice liivei.
Vfeet Railway and Has Companies,
LIST OH APPLICATION.
Street,
MUNICIPAL
AND
Chas.
S.
&
Kidder
Public
BONDS,
BONDS.
E.H.ROLLINS & SONS,
LA SALLE STBBKT,
CHICAGO
BOSTON.
San Francisco.
Denver.
INVESTMENT BONDS.
T.
B.
MUNICIPAL
SEND FOR
LIST.
Corporation
Service
Co.,
NASSAU STREKT, NEW YORK.
STATE, CITY & RAILROAD BONUS.
825,000
Indianapolis Water Co.
BOSTON.
184
Congress Street, Boston.
Burr,
INVESTMENT BONDS
Co.,
16
WE OWN AND OFFER
Monnlnock Building,
all
BANKERS,
Indianapolis, Ind.
CHICAGO,
reserved.
Secretary.
BANKERS
City Recorder.
Proposals should bo marked " Proposals for Port
of Portland Bonds " and bo addressed to K. T. C.
STEVENS, Clerk. Port of Portland, Portland, Ore.
Portland, Oregon, December loth, 1932.
By order of the Board of Commissioners of The
Port of Portlauj, Oregon.
BEN SELLING.
J.
Electric-Light Bonds.
P. M..
among
Department.
been made.
,
LOANS.
notice of this bond offering will be found
Quaker City, Ohio.— Bonds Not Awarded.— This village
recently offered for sale $5,000 b% 20-year bonds, and some of
the papers have stated that the award was made to the
People's National Bank of Barnesville at 106-50. This report, we are advised, is inaccurate, as the Barnesville bank
withdrew its bid, and up to the present time no award has
December 15 the $20,000 H water bonds described in the
Chronicle November 22 were awarded to the Union Bank &
Trust Co Helena, at 100-80.
NEW
official
the advertisements elsewhere in this
Pelliam, N. Y.— Bond Sale.— On December 11 $4,000 4%
registered bonds were awarded to Geo. M. Hahn, New York,
at 100 69. Denomination, $500. Maturity, $500 yearly on
Jan. 1 from 1908 to 1915, inclusive.
Philipsbnrg, Granite County,
LXXV,
Pierce Connty (Wash.) School District No 35. -Bond
Offering.— Proposals will be received until 12 M. today
(Dec. 20) at the office of the County Treasurer for $6,000 5-20year (optional) school house bonds. Denomination, $1,000.
Date "probably Jan. 1, 1903." Rate of interest to be named
&
F. L. Fuller
[Vol.
POTTER,
nnKinQ
W1HUO,
and
CORPORATION
172 Washington Street,
DENISON, PRIOR & CO. CHICAGO,
CLEVELAND,
BOSTON.
-
-
•
LIST ON APPLICATION.
ILLS.
—
—
s
Dkcembeb
each.
THE CHRONICLE.
20, 1902.]
Interest, annual.
Date, December 80, 1902.
December 30, 1912. Authority, Chapter 258,
turity,
of 1901.
Ma"
Laws
South Omaha, Neb.— Bond Sale.— This city has sold an
issue of $9,000 renewal bonds to 8pitzer
authorized the issuance of $350,000 bonds for the construction of sedimentation and coagulating basins to be built in
connection with the citj's water-works system and |55,000
bonds for the construction of a stand-pipe w and connections.
Bonds will carry Z%% interest.
Salem, Roanoke County, Ya.— Bond[Bill Passes House.—
The House has passed a bill authorizing this town to issue
refunding bonds.
Schroeppel (Town), Oswego County, N. Y.— Bond Sale.—
This town has sold an issue of $86,000 3%% 1-20 year (serial)
bonds to the Oswego City Savings Bank.
Sedalia (Mo.) School District.— Bond Offering.—This district on December 9, by a vote of 611 for to 15 against, authorized the.issuance of $40,000 i% 20-year high-school bonds.
Proposals for these bonds will be received until Jan. 13, 1903.
W. M. Johns is Treasurer of the district.
Shelby County (P. O. Sidney), Ohio.— Bond Offering.—
Proposals will be received until 12 M., Jan.' 5, 1908, by R. B.
county-fair bonds. AuDill, County Auditor, for $10,000
thority, election held Nov. 4. Denomination, $500. Date,
Jan. 1, 1903. Interest semi-annually at the office of the
County Treasurer. Maturity, $500 each six months from
Jan. 1,«1904, to July 1, 1912, inclusive, and $1,000 on Jan. 1,
H
1913.
Sioux City, Iowa.— Bonds Proposed.- -The Sioux City
"Journal" on Dec. 7 stated that at the next meeting of the
City Council resolutions would be introduced for the issuance
of bonds to the amount of about $210,000 at 4% to take up the
judgments rendered against the city in the United States
Court and the District Court on old district improvement
bonds. This issue of bonds will include the judgments
which have been entered and the interest which has accrued
on these judgments since they were rendered. It is possible
that the amount of the issue may be more than $210,000. See
Chronicle May
17, 1902.
Springfield, Ohio.— Bonds Authorized.—The Board of
Public Affairs has authorized the issuance of $15,000 4% bonds
to pay off indebtedness in the lighting fund.
& Co.
of Toledo.
Offering. Proposals will be received until 2 p. M., Jan. 15, 1908, by P. P.
Skog, Chairman Board of Supervisors, for $3,000 Q% 6-year
highway bonds, dated Dec. 81, 1902. Authority, Section
1081, Revised Statutes.
Summit School District, Kern County, Cat. Bond Sale.
December 6 this district sold $10,000 5* 6-10-year
(serial) bonds to the First National Bank of Bakersfield at
106*07.
Following are the bids :]
108"8»
.108-OT
H. A. Blodgett
First Nat. Bank. Bakersfield
Roseau
Spruce,
Richmond, Ya.— Bonds Autliorized—The City Council has
1369
—
Minn.— Bond
County,
—On
. . .
K.
H. Rollins & Sons. Boston.
. .
I
.105"4T
i
Date of bonds, Nov. 8. 1902. Interest annually on July 1.
Tarry town, N. Y.— Bonds Defeated.—This village has
voted against a proposition to build a surface sewer.
Terrace Park, Hamilton County, Ohio.—Bond Offering.
—Proposals will be received until 12 m., Jan. 13, 1903, by A.
W. Highlands, Village Clerk, for $1,550 5% 2-11-year (serial)
coupon bonds issued for the purpose of purchasing real estate
for public buildings and offices. Denomination, $155. Date,
Jan. 13, 1903. Interest semi-annually at the Western Ger-
man Bank
of Cincinnati.
Toledo, Ohio.— No Bids—Bond Sale.— No bids were received Dae. 9 for the $125,000 3J^£ street improvement bonds
nor for the three issues of 4i street bonds aggregating $39,178 83. Since then, according to local papers, the $31,111 01
A.% Bancroft Street No. 5 paving bonds have been sold to the
Second National Bank, while the $5,507 79 4% Parkwood
Avenue No. 2 paving bonds were taken by Charles E. Russel at par.
Topeka, Kan.—Bond Election.— At the spring election
(April 7) the question of issuing bonds for water and school
purposes will be submitted to a vote of the people.
Toronto, Out. Debenture Election.— An election?will be
held Jan. 5, 1903, to vote on the question of issuing $175,000
3J#S pumping- engine debentures. If authorized, securities
will be dated July 1, 1903, and will mature July 1, 1942. Interest, semi-annual.
Yicksburg, Miss.—Bonds Re-authorized.—The $50,000 4%%
city- hall bonds awarded several months ago have been reauthorized by the City Couucil for the reason that there was
INVESTMENTS.
BONDS
INVESTMENTS.
Geo. D. Cook Company,
SUITABLE FOR
INVESTMENT SECURITIES,
The American Mfg. Co.
INVESTMENTS.
Counselman Buildin* 238 La
8avings Banks,
Salle St.
CHICAGO.
Trust Companies,
Broad Exchange Building 25 Broad
MANILA, SISAL AND JUTE
St-
NEW YORK.
Trust Funds,
CORDAGE.
Individuals. Mexican Government and State Bonds.
Rudolph Kleybolte
NASSAU
1
ST..
&
Co.,
MacDonald, McCoy
NEW YORK CITY
MUNICIPAL
FARS0N LEACH &
&
Co.,
Formerly
La Salle
Secretary The Nassau Trust Co. of Brooklyn,
Vice-President Trust Co. of New York.
Street, Chicago.
Drexel Building,
g. &xuolJl M>tn&fizx Sc ©0.,
BOSTON.
New
NEGOTIATES TIME LOANS,
Wall and Broad
171
FULTON & CO.,
la salle
Building,
Gbicaoo, Ulllnois.
THE GRAND
PRIX.
street,
WICHITA. KANSAS
Building,
Mention
this paper.
The cheapest that are good;
the best at the price.
BONDS AND STOCK
CERTIFICATES
partly lithographed and partly printed ; finished in a few
days) handbome design* ; must be seen to be
appreciated. Send for samples.
R.
POWELL & CO
SECURE BANK VAULTS.
WA8 AWiKDJD AT THB PARIS EXPOSITION TO
WHITING'S STANDARD
En grayer* and Lithographers,
105 William St, New' York*
PAPERS
They are the only American papers which have
ever received this— the highest honor that can be
conferred.
It means they are the most perfect
made. Insist on having them for your fine oorret
oondenoe and your office stationery. Are yon usln*
whiting's Ledger Papers in your Blank-Bool
Samples and booklet free.
WHITING PAPER COMPANY
ALBERT !B. KING Sc CO.,
Helephone Connection.)
3S
latest oferina.
WINNE & WINNE,
Wlnne
HIGH-GRADE
Woodstock. Vermont.
MORTGAGES
and
BONDS.
HARRY
On Improved Farms
Matting the Investor 6 per cent Interest.
booklet
New York.
INVESTMENT BROKERS,
HIGHEST GRADE RAILROAD
Wall Street
Yielding: 4M% Net.
Correspondence Invited.
CHOICE OKLAHOMA
Send for
15
MINNESOTA BONDS,
CHICAGO.
FIRST
York.
VICKERS & PHELPS,
523 Western Uniok
Municipal Bonds,
Streets,
COMMERCIAL PAPER.
PHILADELPHIA.
F. R.
York.
Oscar F. Richardson,
Public Securities,
NEW YORK.
New
AND CORPORATION
BONDS.
00.
171
CHICAGO.
63-65 Wall Street,
hol. yoke. mass..
And
150
Duane Street, New York.
GENUINE
WELDED CHROME STEEL AND IRON
Bound and Flat wars and 6-Ply Plates and Angle
FOR SAFES, VAULTS, &c.
Cannot be Sawed, Cut or
Drilled,
and positively
Burglar Proof.
CHROME
WORKS,
8ts.,
BROOKLYN, N. ¥
STEEL.
Kent Ave, Keap and Hooper
BaleManTerslntheU.S.
—
—
THE CHRONICLE.
1370
White Plains, N. Y.—Bond Sale—On Dec. 17 the $15,000
fire department bonds described in the Chbonicle Dec. 6
were awarded to O'Connor & Kahler, New York City, at
legality of the law under which it
issue the bonds. The sale to the
some question as to the
was at first proposed to
4%
Chicago firm still holds good.
Vigo County (P. O. Terre Haute), Ind.— Bond Sale.— On
108-3).
Dec. 15 the $17,000 2-11-year Caerial) bonds, dated Jan. 1, 1903,
Co., Indianapolis, at par
were awarded to E. M. Campbell
for 4J^s. For description of bonds see V. 75, p. 1269.
Bond Offerino. Sealed proposals will be received till 2 p.
M., Dec. 81, by William Clark, County Treasurer, for $20,500
2-15-year (serial) bonds. Denomination, one hundred and
eighty-two of $100 each and fourteen of $t64 28 4-7 each.
Date, Jan. 10, 1903. Interest, semi annual. Maturity, one
block of 14 bonds each year, beginning two years after date.
Ten bonds of each block (altogether $14,000) will be delivered to purchasers on January 10, 1903, the remaining
four bonds of each block to be retained by the County
Treasurer until funds are needed. After the hour until
which sealed bids will be received, the Treasurer will entertain public bids, and the sealed bids will not be opened until
the public bidding has been closed.
Wagoner, Ind. Ter.— Bond Sale.— On Dec. 15 $35,000 5% 20Co.,
year school bonds were awarded to F. R. Fulton
Chicago, at 101*428.
Walaenburg, Colo. Bonds Defeated.—The proposition to
issue $60,000 4% 15-30-year (optional) water-works bonds failed
to carry at the election held December 9.
Weiser Irrigation District, Washington County, Idaho.
Bond Sale. On Dec. 18 the $40,000 purchase bonds were
awarded to Alfred Eoff of Boise City at par for 6 per cents
and the $20,000 improvement bonds to the Boise City
National Bank at par for 7 per cents. For description of
bonds see V. 75, p. 939.
Wentworth County (P. 0. Hamilton), Ont.— Debenture
Offering.— Proposals will be received until 11 a. m., December 24, by J. W. Jardine, County Clerk, for $98,000 %%$ road
debentures. Securities will mature part yearly on each
Dec. 30 for thirty years.
West Covington, Ky.— Bond Offering. Proposals will be
received until 12 m., Jan 8. 1903, by Thos. Dodd, City Clerk,
for $1,800 4% per cent 5-year refunding Short John Street
improvement bonds, dated December 15, 1902. Denomina-
&
—
&
—
fVOL, L2.AV
—
—
tion, $100.
Wilkinsbarg, Pa.—Bond Offering.—Proposals will be received until 2 p. m Dec. 30 for $25,000 3%t fire department
bonds. Denomination, $1,000. Date, Nov. 1, 1901. Interest,
semi-annually, free from State tax. Maturity, one bond
yearly. Certified check on a national bank for 2% of bid required. Arthur Stuart is Chairman Finance Committee.
Winona, Minn.
ceived until 9
Bond Offering.— Proposals will be reJan. 5, 1903, by Paul Kemp, City Re-
p. m.,
corder, for; [$40,000 4% electric-light bonds. Denomination,
$1,000. Date, March 1, 1903. Interest, semi-annually at the
National Park Bank of New York City. Maturity, $5,000
yearly on July 1 from 1904 to 1907, inclusive, and $1,000
yearly on July 1 from 1938 to 1937, inclusive. A deposit of
money
$500, either in
Winona,
The
or a certified check on a bank in
is^required.
official
among
notice of thisbond offering will be found
the advertisements elsewhere in this
Department,
Tonkers, N. T.—Bond Sale.— On December 17 $12,000 fy£%
street-paving bonds were awarded to the Yockers Savings
Bank at 100-90. Following are the bids :
Yonkers Savings Bank
100-90
James Oliver
10025
Date, Jan.
$7,000 April
1,
Geo. M. Hatm,
New
Maturity, $5,000 April
1903.
.10008
York..
1929,
1,
and
1, 1930.
York County, Pa. —Bond Sate.— This county has sold
$186,000
%%% funding and $44,000 ty£% bridge bonds
to Edward C. Jones
Co., Philadelphia. Both issues
are dated November 1, 1902, and the interest will be payable semi-annually at the office of the County Treasurer.
Denomination, $1,000. The $186,000 funding bonds will mature $20,000 on Nov. 1 of the years 1907, 1912, 1917 and 1928
$50,000 Nov. 1, 1927, and $56,000 Nov. 1, 1932. The $44,000
bridge bonds will mature Nov. 1, 1932. Bonds are free from
State taxes.
&
;
TRUST COMPANIES.
CENTRAL
MANHATTAN TRUST COMPANY
TRUST CO.,
*eRBo
TRUST
*"
rtt«
OFFICES.
)
'
*
CO.
BROADWAY,
FIFTH AVENUE.
lOO WEST ixvm ST.
r.l>\
WALL
ST., cor.
Capital, Surplus
OF ILLINOIS,
NEW YORK.
& Undivided
CHICAGO.
Profits,
$2,500,000.
Legal Depository for State, City and
Court Moneys.
INTEREST ALLOWED ON TIME DEPOSITS.
NASSAU,
OFFICERS)
JOHN I. WATERBURY, President.
i_.
JOHNKEAN,
_
..
AMOS T. FRENCH, f Vice-Presidents.
CHARLES
CHARLES
W. N. BUANE, 3d Vlce-Pres. and Treas.
C. H. SMITH, Secretary.
E. A. SKINNER, A«mt. Secrelary.
F. D WIGHT, Trunt Officer.
BARNEY,
President.
FRED'K L. ELDRIDGE,lst Ice-President.
JOSEPH T. BROWN, 2d Vice-President.
WILLIAM
T.
B.
RANDALL, Trust
F.
JULIAN M. G KRARD,
Officer.
Ass't dec.
& Ass't
Treas.
Francis R. Appleton.
A xii hi Belmont,
Oeorge F. Baker,
II. W. Cannon.
A.J. Causal i.
ii
B. L.
ALLEN, Manager Harlem Branch.
V..
" The Oldest IVust
Company in
Incorporated April
Oregon."
22, 1887.
PORTLAND
TRUST COMPANY
OF OREGON.
Transaots a general Trust, Agenoy and Bank
Ing business; makes collections, and issues
Interest-bearing Certificates of Deposit, at rates
fixed by the terms of the Certificate.
BEN J.
I.
COHEN,
President.
B. IiEE
PAGET,
Secretary.
0HE0NI0LE VOLUMES
FOR SALE:
A set of
tteoond-lmnd bound volumes 1877-1895—
C8 volumes— tn (rood order.
Jfowlr-bonnd volumes for recent veers furnished
«t six dollars.
J. Cross.
Rudulph rills.
AinosT. French,
John Kean,
190-ii
Jamr* J. Hill,
Daniel S. Lamont,
J. M. Latham,
II. Payne,
Randolph,
Oliver
E. D.
iirant B. Schley,
.1 atnes O. Sheldon,
John
LAWRENCE
CHARLES T. WEONEK, Asst. Cashier.
MALCOLM McD JWELL, Asst. Secretary.
MAX PAM, General Counsel.
DIRECTORS)
FRANK O.LOWDEN
HARRV RUBENS.
GRAEME STEWARD.
THOMAS R. LYON.
EARLING.
MAX PAM,
CHA8. T. BOTNTON.
CHARLES DEERING,
P. A. VALENTINE,
A. J.
The Merchants'
Loan & Trust Company,
Chicago.
CAPITAL AND SURPLUS, 83.800,000
GENERAL BANKING.
Accounts of Banks, Merchants, Corporations
and Individuals solicited on favorable
terms.
Trusts of all kinds
accepted and executed.
High Grade Bonds.
Safe Deposit Vaulu.
SAVINGS AND
DEPARTMENTS.
*«H Pine
B.
St.,
N.
ii
DANA
CO.,
Also Old Detaalted
A. H. Bnrley.
E. H. Gary,
B. D. Hulbert,
Oieon Smith.
Bonds.
RR. Bends.
OAVID PFEIFFER.
a
i/i
CAPITAL, •
SURPLUS,A.
Legal Depository
for
(.'erman Streets,
mo UK.
i
-I
$2,129,000.
$2,437,500.
Court and Trust Fuses.
SAFE DEPOSIT BOXES {OB RENT.
Acts as Financial Agent for Stales, Cities. Towns
Railroads and other Corporations. Transacts s genLends money 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 Hoods, and for the payment of coupons
interest and dividends.
J. WILLCOX BROWN, President.
J. BOWDOIN, 1st Vice-President.
LLOYD L. JACKSON, 2d Vice-President.
J. BERNARD SCOTT, Secy. A Treas.
NESS, Asst. Seoy. A Trees.
CARROLL
HENRY
DIRECTORS:
Marshall Field,
C. H. McCornilck,
Albert Keep,
Lambert Tree,
Ellas T. Watking, K. M. Phelps,
M.J.Wentworth Knos M. Barton
Unlisted Stocks and
New Yen*.
TRUST
Maryland Trust Co.,
W. Corner CalTert and
VAN
D/REC70RS:
Wm. A. Marburg.,
H. J. Bowdoln,
Leopold Stronse,
WILLIAM
ALEX. H. RKVELL
CHARLES G. DAWES.
YYaterbury,
R. T. Wilson.
1.
BANKING,
Foreign Exchange.
Savings Department.
Q.
W. IRVING OSBORNE,
DIRECTORS,
G. KING, Sec. and Treas.
DAWES.
President,
Vice-President.
A. UHRLAUB, Vice-President.
O. MURRAY, Secy* Trust Offloer
WILLIAM R. DAWKS. Cashier.
.
Takes Entire Charge of Real Estate,
Mortgages, etc.
$4,000,000
1,000,000
Capital,
Surplus,
18
Wall 8t
Henry Walters.
A. Tompkins.
Mandeloenm.
Kred'k W. Wood. John Pleasants.
J.WlllooxBrown.
J.
B. N. Baker,
9.
Andrew D-Jones,
J. L.
Blaekwell.
Brooks Jr.. Joshua Levering. Oeo.C. Jenkins.
John 8. Wllsos
IJoyd L.Jackson. James Bond,
J. S. Lemmon.
J. D. Baker,
H. A. Parr,
O. A. von Llngen, L. F. Lore*.
Clayton C. Iie.ll.
W.
B.
@FedFRASER