The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
1
finanrial
nmmeirrH
rnnirb
INCLUDING
Bank and
Qiiotation Section
and City Section (scmi-Annuaiiy)
Street Railway Section (^^^'{-^Ji^""')
State
(Mouthiy)
Railway and Industrial Section (Quarterly)
Entered aceordiuic to Act of Consross, lu
A
weekly newspaper entered nt Post
VOL.
tlio
year 1003, by Willi.vsi
Offloe.
Now
H.
Dana Compaw.
York. »s sccoud-olass
SATURDAY, DECEMBER
77.
in the otlioo of Librarian of Conffress. Washington, D. C.
B. UAXA Company. Publishers. 7«)4 Pino St.. N. Y.
mattor-Wir.MAM
26,
NO.
1903.
Week ending December
Clearings at
gixe ®lxr0uiclc*
1903.
1902.
Inc.
(ir
Dec.
2009.
19.
190L
1900.
PUBLISHED WEEKLY.
Terms
ot
Subscription— Payable in Advance
For One Year
For Six Months
$10 00
6 00
13 00
7 50
-
(iucluilin,s postage)
European Subscription
Etiropeau Subscription Six Montlis (including postage)
£2 14a.
AnuuiU Subscription in London (iucluding postage)
Jdl lis.
Six Months Subscription in Loudon (including postage)
Subscription iJicLtuies Jolloioing Sections—
State and City (semi-annually)
Bank and Quotatiox (monthly)
Railway AND INDUSTRIAL (quiU-terly) Stkeet Kailway (3 tunes yearly)
1
SpriiiBtleld
130,120,321
2.170.371
1,78:3.311
1.7l->5.85,^
1.414,U.s
1.031,434
1,471.701
1.727.475
—0-2
—3-9
-40-3
1.404.111)
1.117.1)83
4(Sa,U05
1.478,(140
-|-l-0
2.603.567
1,301,303
1.502,785
1,721,039
1,410,395
1,058.304
4U8.013
4-5-6
1,06.5.619
663 383
7.UU3.r)00
New Haven_
-2-1
133.701,842
2,211.400
2.701.578
130,0(«.41«
Boston
Providence
Hartford
10-8
+
—19-4
7.44.'>,300
139,201,104
7,030,100
2,126,378
1, 423,8,39
1,420,';
05
1.645,867
1.206.987
1,110,086
Worcester
Portland
Kail Hlver
Lowell
New Bedford
Holyoke
Total New England.
ooi.yao
444.056
.'J5«.008
—7-2
+7-5
ai7.903
-1-20 9
532..532
.363.229
626,410
443,570
320,062
149,421,196
152.565,985
-2-1
148.930.075
156,577, 14»
Chicaeo
-I-5-4
159.074.929
144,704,784
—
1
Terms
of
Transient matter per
Advertising— Per Inch Space
uicli
(
^
~
Standing Business Cards
^^
,.
,
1
-l
(
^\ 20
'22 00
20 00
50 00
87 00
space (14 agate lines)
Two Months
Three Mouths
^^^ Months
Twelve Months
(8
(13
(20
(52
times)
times)
times)
txmes)
DANA COMPANV,
Fine Street, Corner
Box
Post Office
ot
21.819,850
Cleveland
15,217.333
14.713,23.^
Detroit
10.8.50.1.34
11,2.3.3,170
-3(!
Milwaukee
8.651.98tS
-f-10-3
Indian apolis
6,082.407
4.473.000
3,413,025
2,953,673
1,973,407
1.579.983
1.307.173
7,820.990
5.933,316
4.500.000
3.457.174
2.890.941
1.775,282
Columbus
Toledo
Messrs. Edwards <fc Smith, 1 Drapers' Gardens, E. C, will take subscriptions and advertisements, and supply single copies of the paper at Is.
WIIililAM B.
170 261.265
21,.S86,13i)
Peoria
X 0.\D 02i A GJENTS :
eaoli.
179.453,493
Cincinnati
6.37.000
Springlleld.
Pearl Street.
9.58.
Dajrton
Evansville
Akron
Publishers,
NEW
Grand Rapids
VOIIK.
CLEARING ROUSE RETURNS.
(i6IS.422
Ill
Laxingtou
CantOD
Rockf ord
Springtleld,
O
Bloomington
Quincy
Decatur
CleariiiQS—Iletums uy 'lelegraph.
Week Endino Dec. 26.
Kew
York.
Boston
PhUadelphla.
Baltimore
Chicaeo
St. Louis
New Orleans
Seven cities, 5 days
other cities, 5 days
Total
all cities,
5 days
All cities, 1 day
Total
all cities
for
week
1902.
S769.707,2U8
80,189.281
76.078,176
14.825,961
120,115,405
•36.000.000
13.557.362
5938,467,018
Sl.115.473,453
223,418,941
80,.501.991
90.820.425
15.508.212
117.949.775
33,957.008
11.608.351
P. Cent.
—19-7
—0-3
—16-2
— 4-4
1903.
or
Dec.
%
New York
Philadelphia
Pittsburgh
Baltimore
Butlaio
Wa.shingion
AlDany
Rochester
Scranton
Syr.-icuse
Wilminaton
Wilkes Barre...
Whee.ins
Blns-'liamton
...
Greenstmrtr
Chester
Erie
Franklin, Pa...
Total Middle.
65,000
175,166
166,2()0
50.000
170.192
150.000
-)-2-8
89.694
-K-o
234.0-^7,448
209,490.001
-5-3
24,180,873
3.964.553
2.950.000
20,045,929
2,761,915
3,059,360
2,094.469
2,460,695
1,062,427
1,180,465
1,093,347
500,000
21,926,364
17, 136,208
7,594.399
6,473,873
5.225.970
4,601,042
1,842.709
1.741.788
1.706,820
927.528
665,551
527,780
+Ti
18 093.030
15,123.943
20,014,401
12,193 880
6.37S.838
5,263,240
3,951,045
4,250.204
1.446 620
1.404,104
Omaha
St.
St.
Paul
Joseph
Denver
Des Moiues
Sioux City
Total other West'rn
St.
Louis
Orleans
New
Louisville
Houston
Galveston
Richmond.
Savannah.
Memphis
Atlanta
Nashville
Norfolk
Worth
Birmingham
Fort
Knoxrille
Augusta
Beaumont
Jacksonville
Charleston
Gathrie
Total Southern
Total
-1-83-0
i-8
—
-3-9
+3-1
—10-3
-fO-5
6,987.304
5.373,483
5,315.601
+2-3
4.429.73:i
-f20-7
—20-'"
1.685.576
1,556.937
1,302.943
-17-0
—91
18~i.99(>
1,082,341>
849,971
514,654
944,013
200.140
189314
—174
—0-4
65,512,264
58,493.476
54,006.188
26,201,064
10,614,614
9,509,660
5,571,000
4,449,226
5,834,351
6,451,490
3,833,875
2,598,790
2.062.989
1,522,113
1,331,281
1,167,717
1,932,1«1
1,290,460
1,040,000
850,000
490,000
744.568
47,130,930
17,538.2(r
9,399,789
7,582,274
4,887,000
4,372,583
4,910,043
4,763,541
3,409,911
2,077,882
1,875,688
1,506,173
1,271.09'
1.192,932
1.643,246
1.234,994
1,014,000
653.137
500.000
409,521
+14-6
50.5.33,9.32
4-49-4
--35-4
--12-4
--25-1
16.775.963
9.889.832
6.746,422
4.240.250
4.073,294
5.646,772
3.255,665
2.927.276
1.799,279
+100
1.614.0-22
40,608.714
17,005,108
9,784.000
4.715,730
4,144,000
3,541,345
5,701,633
4,117,386
2,600,559
1,534,728
1,476.702
953,706
all
4-11-7
3.575.-287
70,559,346
1.311.tJlO
,
+103
156.330
3.30,000
Fremont
+1-7
-13-4
+9-3
70,'.^72,493
833,795
Wichita
Colorado Springs
-)-33-9
909,616
609,284
950.844
173,968
^2,735
Chattanooga
s
5
s
191.007.087 1.495.318.3S9 -20-3 1,453.131,190 1.574.168.220
—7-2
119.327.804
114.687,868
108,777,493
123.526.703
39.053.307
36,970,460
36,076,495
44,310.940 —16-6
+2-4
23.402.911
23,633,186
23,767,93^
23.101.399
+1-5
6,386,442
5.805,560
6,155,713
6.491,002
4,188,590
4,004.250
2,938.657
2.924.290
-H-6
3,701,979
3.059,831 +21-0
4.924,220
3.334,201
-2-2
2.299.716
2.393.261
2,331.668
2 036.893
1,687,003
1..390.615
1,461,040
1,345,088 +23-4
--4-3
1,272.466
1,220,894
1.346.962
1,167,602
--37
1,262,876
1,194,385
1,036,889
1,050,956
--1-3
828,670
818,206
672,765
--0-2
807,802
803,968
754.884
--3-6
450,100
434,400
447.800
43H.700
443.226
492,639 —10-3
376.117
369.837
459.203
377,301 +21-8
382.294
321,095
442,060 Not include d into tal.
226.970 Not Include d in to tal.
1.390.308,674 1,7
1,70S,S33,065 —18-6
1,775.566.927
+35-4
+VS-S
—4-6
+27-7
23,540,911
16.470.442
7,828,944
5,805,410
4,432.306
4,622.834
2,372,187
1,381,433
1,415,071
Kansas City
Macon
1900.
4-29-
34,509,80»
Little Rock.
1901.
+4-1
-1-30-2
41.770.132
-17-5
Iru:.
-t-50-3
+1-4
^1.907.529.324
1902.
411.737
521.863
327,440
259.121
376,325
306.114
236 971
-1-3-8
B'argo
$1,574,380,335
—
+36-2
55,736,993
Helena
—12-3
—38-2
Clearings at
353..345
439017
489,458
398,181
386,735
320,880
239.300
249,364
3
56,540,636
4.020.915
Tacoma
$1,526,425,598
381.103.926
19.
526,300
564 805
2.771.725
1.453.332
1,177.746
928,958
598,236
239.402
$1,333,892,394
235,487.961
Week endiw) December
.330,038
623,784
2.245,022
2,415.344
1,000,000
727.419
336.212
Minneapolis
to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, Dec. 19, and the results for the corresponding
week in 1902, 1901 and 1900 are also given. Contrasted with
the week of 1902 the total for the whole country shows a loss
of 12-2 per cent. Outside of New York the increase over 1902
is 8"1 per cent.
—30
2,272,942
1,305,825
l,102,H7a
916.164
3,i^00.343
-14-8
+2-7
we go
—4-8
+3-3
—14-5
—1-9
-14-0
-6-3
'2,588.64*
Portland
Topeka
Davenport
be in all cases estimated, as
—1-3
-1-2-2
-1-11-2
3,474,707
3,056,800
Spokane
§1.303.932,980
217.492,618
full details for the
30.698.695
7.280.606
— 1"7
9,3H2,612.
0,362,431,
Seattle
Salt Lake City
Sioux Falls
Total Pacific
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
253,484,364
+2-5
17,152,300;
12,833,00*
14,194.020
6,779,319
4,596 091
3,335,000
2.979,637
2,493,820
1,.504.858
1,190,884
869,679
619,000
32,425,409
5,435,594
3,949.915
4,640.139
3.476,901
2,035,089
2.162,714
546.397
740.569
323.986
+1-8
+6-0
+59-9
•Partly estimated.
263.627.049
-h3-4
18,210,5.3(1
13,986,6(S4
4,0I(>,100
Los Angeles
l'J03.
304,658
241,463
179.973
219,904
94.837
;i45,060
The following table, made up by telegraph, etc., indicates Mansfield
that the total bank clearings of all the clearing houses of the Jacksonville
Jackson
United States for the week ending to-day, Dec. 26, have Ann Arbor
Total Mid. Western
been §1, 574,380,355, against $2,071,691,622 last week and
week
last
year.
$1,907,529,524 the corresponding
San Francisco
1,263,947
745,600
681,628
697.437
650,200
710,398
425,680
354,211
380,900
291,233
267,283
224,949
215,093
188,029
172,167
92.242
395,948
60K,000
496,909
580.000
532,802
396,689
379,603
Youngstown
Kalamazoo
1.6,39.526
—21
141.521,549
+28-2
1+4-2
+12-9
+25-4
+14-0
+1-8
+18-8
+2-8
1,143.729
1.233.367
677,963
2,135.349
1.142,335
+4
-1-9
+18-S
+4-3
4-2-6
+30-1
-2-0
-K81-8
in to tal.
in to tal.
943.000
493.722
186.147
436,741
1,453,242!
1,100,000
567.882
2.3f>8.944
751.850
833,000
418,400
309,770
Not include d
Not include d
117,941,002
2,071.691.622 2.339,140,737
+2O-0
115,917,080
103,037,002
—12-2 2.247.063.793 2,337.674411
Outside
880,684,535
802,822,368
+2-1
793,932,603
763,506,191
Montreal
Toronto
Winnipeg
21.318.868
15.108.527
6.024.337
1.754,170
22,292,061
16,907,682
5,102,593
l,562,43y
2,245.727
1.546,722
972,699
1.005,709
—4-4
—10-8
+18-1
+12-3
+6-6
-11-1
+29-4
18,250.150
13,476,706
4,287,197
2,042.293
1,665,668
16,380,810
11.421.838
2,540.573
1,479 000
4-13-2
85.3.914
803,292
856.393
692.828
+2-7
+23-2
518.865
532.'8i5
53,000,114
53,988,145
-1-8
44,061,403
34,870,107
New York.
Canada—
Halifax
Ottawa
Quebec
Vancouver
Hamilton
St. John
London
Victoria
Total Canada
2,394,56:
1.374,629
1.258.724
1,123.216
909,414
879,752
-j-11-7
1,.S64,574
854,321
816.781
784,848
973,590
824,114
717.367
THE CHRONICLE.
2358
THE FINANCIAL SITUATION.
As the year nears
its close,
the outlook has in
for
as
that.
In
industrial
generally.
affairs
them the threat of cutting
down their rates. The Commissioners have the right
many now of fixing rates, but the railroads have the power
to an by mandamus to check their going into operation
Still,
there are inauspicious circumstances hanging
over
business enterprise which just now are hindering if
They
not endangering this progressive tendency.
relate in the main to labor exactions, to attacks on
capital
and contracts, and
at the
moment
to a
more
war-like aspect of the Japanese and Bassian differences.
In which Qreat Britain
Is
apparently becoming a
factor.
With regard
on
strictions
demands, to the increasing reand to the issues being raised
to labor
capital,
Vol. lxxvii.
c Hiatry by holding over
more and more clearly
important Improvement in our securities market, and,
respects been pointing
I
involving the property rights of individuals, there
Is
until the courts have opportunity to try the issue
and
determine whether the rates the Commission have
made are reasonable or unreasonable. The purpose of
the Commission is therefore to take away this right
of suspending the operation of the rates until the
courts, years after, it may be, have passed upon
them.
The other matter mentioned as, at the moment, interfering with the recovery of security and industrial
progress in the United States is the Japanese and
Russian involvment.
There is one feature of the
affair, we referred to early in December, that has not,
so far as we have seen, been mentioned by writers in this
country. We have in mind facts which have tended
to suggest the possibility of Great Britain's becoming
a party to the contest.
The first act of that kind
was the Thibet expedition. That movement hag not
by any means been announced as an act of hostility;
but none the less it is a provision for the safety of
India by obtaining a better position for heading off
need to speak, for we have so often and fully expressed our views. These contests in their worst features have been encouraged, if not fomented, by politicians of both parties for party purposes until natural
laws, 'Hruly and properly to all mankind fundamental,
the beginning and end of all government," are being
Of this character is the unionencroached upon.
labeled shop vs. ''the open shop/' An illustration of the aggressive movements of Bissla, and which we
the issue carried to the ludicrous stage is being pre- may presume would not have been undertaken had not
sented at the present time in Chicago, where, it is Russia ^been occupied with Japan's persistent calls
said, if a man ie unfortunate enough to die, he for justice
undertaken by
Great Britain, percannot be buried except a union-labeled hearse, haps, as a kind of counter-irritant.
Another
carriages, horses and drivers are used. An illustration act of a like character was Lord CurzDn's tour in the
of the kind of spirit this prescriptive effort evokes Persian Gulf, which has jast been concluded. It Is to
among business men is seen In the action of Mr. Mark be noticed also that Lord Cnizon did not omit a visit
Davis in this city, the head of a big manufacturing to the Makran coast but had an audience with the
concern. He is about to carry his business and open chiefs of Southern Beloochlstan. The London Times
a new factory in Jersey City, which is to be an open of December 9 says there is ''no corner of the frontier
In an intervietr this week Tuesday he said: where, in view of the attempted developments of
shop.
" ril fight this tyrannical labor union to a finish if it Russian policy in Persia, it is more imperative that we
takes every dollar I have got," etc. Office seekers should define and safeguard our interests.'' The whole
little
—
who evade
when the
this issue will find
arrayed against
tnem tour
is
said to have been a complete success.
Another
the business interests of transaction, in line with the foregoing, has been
the country history shows that whenever those in- announced by cable this week. We cannot, of course,
terests are aroused, they control.
vouch for the accuracy of the dispatch. It reads that
election occurs
—
There are other kinds of acts which are tending the Chilian battleships Libertad and Constitution,
likewise to raise rebellion among business classes, acts which were built in British ship-yards, have been purwhich are contributing, if not seeking, to make in- chased by the British Government. The British and
vested capital the slave of the Government. They Japanese governments had both negotiated for their
are apart of the centralization movement that is now purchase, but for one reason or another no bargain
The court decisions made under the had been concluded, when Russia suddenly stepped in
at Its flood.
Sherman Act and the argument before the Supreme and offered £1,800,000 cash; thereupon the British
Court in the Northern Securities case during last Government acquired the vessels for £1,876,000. The
week bring out their nature. The proposal made date of the purchase is not given. The fact that the
again this year by the Inter-State Commerce Commls ships are in British hands and not Russian
sion, in its annual report, to cripple and get control of moment significant.
the railroad systems of the country, is also a proceeding of the same stripe. This last has as its purpose
to give to the Commission the power to fix railroad rates
to go into effect at once on the,Commls8ion'8 order,
the operation of which can only be suspendad. or set
aside by the courts after a long proceeding at
law, with the power to the Commission, if its order
vacated and set aside as unreasonable after years of
litigation, to repeat the process again and again if
Is
it
of
so
elects.
this
We
need
subject here as
not go into a
we have
discussion
referred to the
Official
is
at the
announcement was made on Monday by the
Secretary of
the Treasury
that
the refunding of
United States 3 per cent bonds of 1908-18 and of 4
par cent bonds of 1907, under the circular of September 23, will be discontinued after
December 31. Bonds
intended for refunding must be forwarded so as to be
received at the Treasury Department not later than
It was also announced that the rethe above date.
per
cent bonds of 1904, under the
6
demption of
In the above
circular of September 23, will continue.
matter in a subsequent article. At the same time mentioned refunding circular the amount of bonds
one can hardly help giving utterance to the which would be received for this purpose was limited
thought what a chance for blackmail, for graft, to 120,000,000 and the exchanges thus far effected
the autbority would introduce. Almost any amount of have been $14,634,400. Ic is expected that the anmoney could be wrung out of the railroads of the nouncement of the suspension of refunding will
—
«
Dec.
THE
26, 1903.]
2359
CHI^ONTCLE.
ou occasions been above rather than beeffect the ccmpletlon by the end of the year of the low the mark.
It now reports, as already stated,
Hedemptlons thus |far of the 5 per 5,723 miles laid In 1903, as against 5,548 similarly
limit deslgcated.
cents of 1904 Lave been $12,673,850.
laid in 1902. " Poor's Manual," however, we see made
The first of the refunding operations this year was the total of railroad construction for 1902 only 5,121
authorized under a circular Issued March 26, which miles, this contrasting (according to the same aulimited the amount of bonds to be exchanged to 1100,- thority) with 4,906 miles for 1901 and with 4,157
000,000 and the classes of the bonds to the 3 per miles for 1900.
With the object
Taking the "Age's" figures for 1903 juEt as they
cents of 1908-18 and the 4s of 1907.
of securing to the Government an equitable share of stand (though they are reported as still Incomplete)
the profit resulting from the exchange of old bonds analysis of the returns show some further encouraging
One is the fact that the bulk of the
for the new, on the basis of the then market value, the characteristic?.
Secretary exacted a premium of 2 percent on the new additions made are in the territory west of the
Issues.
The refunding operations were continued Mississippi River, where railroad mileage is as yet
until Jnly 31, by which time 181,142,600 had been relatively small; 3,789 miles out of the 5,723 miles of
exchanged, as appears by the official debt statements, track for the whole country was In that part of the
Including small amounts which were In transit at the country. In the States east of the Mississippi and
date of suspensioD. The results of refunding were south of the Ohio the contribution of new road has
regarded by the Secretary as satisfactory, the In- been only 1,028. In the States north of the Ohio and
creased supplies of the 2 per cents having contributed east of the Mississippi, where existing mileage is
largely to the augmentation of national bank circu- relatively dense, the addition has been but 897 miles.
lation.
Another interesting fact is that the bulk of the
Refundlrgwas renewed September 23, the amount new mileage provided west of the Mississippi Is In the
of bonds to be exchanged being limited, as above section where considerable amounts of new land have
noted, to 120,000,000. The reason assigned by the been thrown open to settlement within late years, and
Secretary for the resumption was the scarcity of 2 per where, therefore, there was an actual need for railroad
cent bonds for circulation and as security for Govern- highways. Thus Oklahoma is credited with 653 miks
ment deposits. If present expectations of Increased (being the largest amount of any State or Territory
offerings of bonds for refunding shall be reali;sed and in the United States), the Indian Territory with 319
the limit of $20,000,000 be reached, there will have miles, Texas with 371 miles, Arkansas with 263 miles,
been exchanged during the current year $101,142,600 Missouri with 250 miles and Louisiana with 446
of refundable bonds for the 2 per cents, effecting an miles.
may be noted,
Still another circumstance
important reduction in the annual Interest on the namely that these additions of new mileage in the
public debt In addition to ^he net profit to the Govern- Southwest have been mainly provided by a few large
ment resulting from the issue of the 2 per cents at a companies in that part of the country. The " Age "
premium, after deducting the amount paid for their credits the St. Louis & San Franscisco with 450 miles
exchange. If the redemptions of the 5 per cents of of new line, the Rock Island with 197 miles, the Mis1904 shall not be entirely completed by February 1, souri Kansas & Texas with 334 miles, the Missouri
Interest on the remainder will then cease; the amount Pacific with 241 miles and the Atchison Topeka &
outstanding on December 1 was $7,764,500.
Santa Fe with 215 miles.
so greatly silmulaie the otf arlnga for
One
exchauge as
of the gratifying features of the
to
era of pros-
perity which has recently received a material setback
is
the fact that there has been no excessive amount of
new railroad building. The "Railway Age" of Chicago has just published preliminary figures covering
the calendar year 1903, and from thesd it appears that
new track-laying in 1903 reached an aggregate of
5,723 miles, or only 175 miles more than was
shown In our contemporary's preliminary statement
for 1902.
The "Age" seems to feel disappointed that
the total was not larger, and gives reasons why expectations in that regard were not realized.
To our
mind, however, the circumstance that new railroad
building has been kept witnin moderate limits is an
encouraging fact.
It means that no trouble is
figures have
We
folk
cannot help thinking that the action of the Norin discontinuing
& Western Railway Company
the publication of weekly returns of earnings
is
a mis-
These weekly returns by that company have
been furnished so long that we might almost say the
memory of man runneth not to the contrary. They
have regularly appeared daring the whole of the existence of the present company and were supplied with equal regularity by the old Norfolk
& Western Railroa^^ the predecessor company.
Indeed, weekly
returns were given out when
the property was known as the Atlantic Mississippi &
Ohio Railroad. In brief, there has been no time ^hen
this particular road, no matter what name it bore,
did not supply these weekly statements for the benefit
coming In the railroad world from that source, and it of its security-holders and the public. This policy, so
also means less likelihood of reckless competition be- consistently adhered to for such a long time through
tween opposing lines such as marked earlier periods successive changes in name and in management, has
of American railroad history.
now been suddenly abandoned.
Some twenty years ago we had a very active period
No authoritative statement as to the reason for the
of railroad building which culminated with an ad- departure has been given out, so we cannot tell what
dition of no less than 11,600 miles of track laid in the has influenced the officials in their determination
calendar year 1882. Five years later the work of add- to withhold the weekly reports hereafter. We know
ing new mileage was again overdone, the aggregate of of course that numbers of other companies have retrack laid in the calendar year 1887 having been close cently been dropping out of the list, the Chesapeake
to 13,000 miles.
As compared with these pce- & Ohio, the Cleveland Cincinnati Chicago & St. Louis,
vious exceptional totals, the new track-laying in the Peoria & Eastern and the St. Louis & San Franrecent years has been relatively light. The "Age's" cisco furnishing some of the latest illustrations; but
take.
—
THE CHRONICLE.
•2360
[Vol. Lxxvii.
win hardly be contended that beoause other com- 3i per cent. On Thursday transactions were at 4 per
panies have taken backward steps, the Norfolk cent and at 3 per cent, with the majority at 3f per
& Western should do the same. The matter cent. The Stock Exchange closed on Thursday afteris particnlarly unfortunate at this juncture because
noon until Monday of next week. Banks and trust
we have reached the period where the returns companies have loaned at 3^ per cent as the mini«re being scanned with especial Interest with the view mum. Time contracts were freely offered this week at
to seeing whether the reaction in trade is being re- important concessions compared with the rates ruling
ilected in earnings.
On account of its large coal ton- in the previous week, though without attracting much
nage, the Norfolk & Western would naturally be ad- business. Quotations on good mixed Stock Exchange
versely affected by any prolonged depression in the collateral were 5^ per cent for thirty days,
6i@5^ per
iron and steel trades, which consume such extensive cent for sixty days and 4^@5 per cent for three to six
amounts of coal. The absence of returns at this months. Commercial paper was in good demand, not
time, we fear, will simply give rise to a crop of ru- only by banks in the interior but by local institutions,
mors suggesting losses in earnings when, perhaps, and rates were 5^@5| per cent for sixty to ninetygains in other directions are offsetting the falling oS day endorsed bills receivable, 5|@6 per cent for prime
In the coal traffic. Even if there are to be actual and 6@6i per cent for good four to six months' single
It
losses
in
earnings,
experience teaches that
official
Teports disclosing the same are not nearly so damaging as the absence of all information, since uncertainty always gives rise to fear and likewise to exaggeration.
names.
The Bank of England minimum rate of discount
remains unchanged at 4 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
3^ per cent. The open market rate at Paris is 2| per
cent and at Berlin and Frankfort It is 3^ per
cent.
According to our special cable from London,
the Bank of England lest £2,125,198 bullion during
the week and held £28,302,716 at the close of the
week. Our correspondent further advises us that the
loss was due to imports of £63,000, of which £50,000
b3ught in the open market and £13.000 received from
There was no change in official rates of discount by
any of the European banks this week and unofficial
or open market rates were, compared with those of
last week, easier at London and at Berlin and Frankfort, though there was more or less political tension
abroad resulting from the uncertainty regarding
the situation in the Far E»st. The feature of the
statement of the New York Associated Banks last week various
was the increase of $7,304,600 in cash reserves, reflecting receipts of gold from abroad and the return move
ment of currency from the interior. The deposits
were augmented by 85,428,300 and the required
reserve was thereby increased $1,357,075, deducting which sum
from the gain in cash left
$5,947,525 as
to $14,025,600.
its
less
surplus
the
in
surplus
reserve,
Calculated upon the basis of depos-
those of
is
Inoreasa
$36,829,800 of public funds, the
823,232,950; the loans decreased $2,153,600.
The bank statement
week should reflect the receipt of $1,365,341 gold from Europe, which arrived
on Saturday and Sunday, and also the transfer hither
from San Francisco of $403,000, representing part of
the Japanese gold which recently arrived at that
port.
There were transfers hence to New Orleans
during the week of $2,175,000, which, among other
movements, should be reflected in the statement. The
arrivals of gold from Europe during the week were,
as above noted, $1,365,341, leaving the amount supof this
posed to be in transit $6,035,951.
countries, to exports of
£150,000, of which
£100,000 to Egypt and £50,000 to South America, and
to shipments of £2,038,000 net to the Interior of Great
Britain.
The
foreign exchange market has been easier this
week, influenced In part by a smaller demand for remitanoe, this inquiry, especially for the-end-of the
year settlements, having been almost wholly satisfied
Another reason for the easier tone was
last week.
the fact that the
steamer sailing on
Wednesday would probably not deliver the mail In time to
make drafts available before the close of the year,
and remitters who had deferred purchasing sight bills
last week decided, instead of procuring exchange for
Wednesday's steamer, to resort to cables. This class of
exchange, it may be noted, was, owing to the decline in the market, procurable on Wednesday at rates
lower than those ruling for sight at the end of last
week, so that by deferring purchases of the latter, remitters had the advantage of a few days' Interest.
Another reason assigned for the easy tone for ex-
change was that last week considerable amounts of
Money on call, representin&c bankers' balances, was bills were bought on speculation, the buyers anticieasy this week, influenced by liberal offerings by banks pating an urgent demand for remittance this week.
and trust companies of funds which have begun to These expectations were not realized, however, and
accumulate therein as the result of preparations by the holders of the bills disposed of them to the best
For the reasons
corporations for the distribution of January dividends advantage
this
week.
early
and interest, and the increased off erings were also due above stated the lower rates for money which,
adusually
cause
an
they
prevail,
to the improved reserve condition of the banks; the when
demand for loans was somewhat limited because of vance in exchange by stimulating a demand for
the inactive speculation in stocks. Money loaned remittance, had no Icflaence upon the market. Comduring the week on the Stock Exchange at 4^- per mercial bills against cotton were in good supply durcent and at 3 per cent, averaging about 3f per cent. ing the week. There were no new engagements of
On Monday loans were at 4^ per cent and at 3 per cent, gold this week. The arrivals were $1,365,341 on Satwith the bulk of the business at 4 per cent. On urday of last week and $100,000 on the following day,
Tuesday transactions were at 4 per cent and at and the amount supposed to be in transit, Including
Si per cent, with the majority at 4 per cent. about 8500,000 from Japan, is $8,035,961; of this
On Wednesday loans were at 4 per cent and $1,150,000 will probably arrive before the end of
lit
3 per cent, with the bulk of the business at the week. The Assay Office paid $766,899 26 for do-
,.
Dec.
mestlc
THE CHRONICLE.
26. 1903. J
and $2,404,999 71
foreign
for
from
bullion
2361
£ was by oonsidering the Gulden to have the ralue of BO cents. As
Krone has really no greater ralne than 20 oents, our cable correspondent In
London, In order to redace Kronen
£. has altered the basis of ooc version by
sterling
tlie
In addition to these payments the Assay
dl Tiding the amount of Kronen by 94 lastead of 20
Thursday
Office on
afternoon paid about §1,260,000,
The following gives the week's movement of
representing the amounts due depositors of foreign
bullion, final payment for which had been withheld money to and from the Interior by the New York
iwaitlng the completed assay.
Gold arrivals at the banks.
Oastom House during the week were $3,305,014, of
Net Interior
Rteeived bv Shiwed by
Weeh <nd<no D«e<ifnbffr 84, leos.
prhich $149,402 consisted of American and $1,720,946
iV. r. Sankt. ^f.T.liankt.
Movement.
)f foreign coin and $1,419,803 of bullion from Eu- Currency
»e,418,000
$4,840,000 Gain. tl,BB3,000
Earope.
Gold_.
'ope.
Nominal quotations
exchange
sterling
for
86@4 85J for sight,
steady
rhe market was
to firm on Saturday, but the
I
change was a
of
rise
10 points in cables to
the tone was easy, and
1,821,000
Gain.
8li8,000
•8.091.000
$8,170,000
Gain.
1,921,000
With the Sub-Treasury operations and gold imports
82 for sixty-day and 4
81i@4
)Dly
Total gold and legal tenders.
were
1,019,000
..
the result
is
as follows.
Week enaing D$eemt)er M,
Into
IOCS.
Out
of
^e( Ohano* <n
Hanks.
Banki.
Bank Holdingt.
8530(^4 8540. Ou Monday
$11,170,000
Gain. $1,021,000
ioDgfell 10 points to 4 8140@4 8160, short 10 points Banks Interior movement, as above 18,091,000
23,400,000
20,300,000 Gain. 2,UOO,000
dub-Treas.opcr. and gold Imports..
[ 8470@4 8480 and cables 20 points to 4 8510@4 8520.
Total gold and legal tenders
$31,491,000 $26,970,000 Gain. 4,621,00
On Tuesday the market was weak in the absence of
iemand and also because of offerings of bills, and
ong declined 15 points to 4 8126@4 8140, short 30
THE
QUESTION IN ASIA.
joints to 4 8440@4 8450 and cables 25 points to 4 8486
The situation in the Russo-Japanese dispute reached
^4 86. Oq Wednesday the lone was heavy in the
Horning with a light inquiry, but there was a partial a state of tension some days ago which convinced most
ecovery at the close. Long fell 26 points to 4 81@ observant people that a definite issue, one way or the
E»ch
8125, short 30 points to 4 8410@4 8420 and cables other, could not be postponed much longer.
!6 points to 4 8460@4 8470.
The market was dull on nation has avoided anything In the nature of an absoDhursday and a shade firmer for long, while short and lute ultimatum; such declarations are usually avoided
tables were easy. Friday was the Christmas holiday.
D
a days.
Belligerent Spates pay great attention to
The following shows daily posted rates for exchange appearances, and with good reason; because a State
which Is attacked, and is thereby placed on the da>y some of the leading drawers.
[
WAR
[
fecsive, always
DAILT P08TBD BATBB FOR FOBEION BXOHANOB.
its
MON..
Dee.
60 days
BlBht
iarlng,
( 60 days
Ma«ro«nftCo.. tSUrht..
lank Britiih
( 60 days
No. Amenoa., JSl«ht..
lank ot
j 60 days
Montreal
iSlKht..
(
iTown Bros.
I
18.
4
22. Dec.
Dee. 21. I>ec
4b2
4 86X
8m
485
4 32
4 8B«
Wbd.,
Td«b..
THUK..
rBi.,
23. Dec. 24. Dec. 85.
68
85«
81«
85«
81«
86
81^
tl^
81«
85
82
86
82
85
82
82
8BH
86^
85«
96H
f-6
in).,
O
83
82
82
82
85>4
85^
86«
anadlan Bank (60dayi
4
of Commerce. JSlBht..
[etdelbaoh.Iok 5 60 days
•Ikelmer 4 Co. i Sight.
aiard Frerei i 60 days
81X
85^
81^
4 8S
85
82
85 ig
ea
iJ^
ii«
Eh
f^
33
e6«
l^«
81M
[arahanU' Bk.
(
4 82
82
82
86
82
Canada
I
4S5«
85
82
8B«
85«
8B«
P5«
.
of
60 days
Sight..
The market
4 82
4 85H
4 82
4 85W
86»
82
a
a
o
81«
8110@4 8130 for long, 4 8405
^4 8415 for short and 4 8450@4 8460 for cables. Comlercial on banks 4 8060@4 8060 and documents for
layment 4 80@4 81.
Cotton for payment 4 80@
cotton
for
acceptance
4 8060@4 8060 and grain
80i,
or pujment 4 80}@4 81.
closed at 4
The
a
following table indicates the
the principal European bank?.
December
amount
December
24, 1908.
of bullion
25, 1902.
Batik of
Gold.
Stiver.
£
£
tagland
ay,302.716
ranee
ermany....*
33,042,000
nssia
OB.-Hung'yt
pain
*ly
etherlands
at. Belg'm.*
.
lotat
Gold.
Silver.
£
£
£
28,802,716
2S,769,788
lotal.
£
2s.769,738
98.270,733 44,169,659 139,440,392 101,709,000 44.303,000 1*6,012,000
1 1,609,000
44,661,000 32.158,000 11,298.000 43,466,000
82,291,000 6,727,000 8»,018,000 75,557,000 6,408,000 81,966,000
46,829.000 12,^22,000 59,031,000 46,6^9,000 12,364,000 58,983,000
14,636,000 19,140,000 33,676,000 14,379,000 19,796,000 34,175.000
21,316,000 3,335.000 i!4,651,000 16,714,000 2,077,800 18,791,800
4,188,300 6,5*4,900 10,738,200
4,699,200 6,62^,900 11,328,100
3,223,833
1.611.667
4.835,000
3,092,000
1,546,000
4.638.000
week 528,999,092 10S359i<:B 434,358.cs08 323,696,988 104411700 428,10:»,e88
prer. w'k 330,902,696 108240278 437,142.966 825,911,986 104703143 430,614.129
ot-this
ot,
to ask a third party to
dt»~'>r
482
80
88
case in appealing to neutral Powers. It
aggression, but a
82
4e5H
81M
has better grounds on which to rest
* Tke dlTlalon (between gold and silver) glyen in oar table of ooIb
ad boUlon In the Banb ot Germany and the Bank of Bel^nm le made
om the best estimate we are able to obtain In neither oa«e le It
aimed to be accurate, as those banks make no distinction in the>r
eekly returns, merely reporting the total gold and silTer, but we
sllCTe the dlvlBlon we make is a close approximation.
+ The Anstro-Hongarian Bank Statement is now Issned in Kronen and Heir Instead of Oolden and Krentzer.
The reduction of the former onrrenoy to
;
is
one thing
countenance a distinct act of
somewhat
different thing to request
neutrality or favor In behalf of a State defend-
icself
against an aggressor.
This principle found rather plain illustration in the
case of the Transvaal war.
Hid England, on some
trumped-up ground such as that of Dr. Jameson,
crossed the
border In 1899
and
forced
the
Transvaal
sympathies
Eepubllc into war,
the
of
outside States might have
been differently
manifested.
But when President Krueger himself
threw down
the
gauntlet,
threatened a
British Colony with invasion unless the British
troops were sent home from It, and followed up this
threat by direct attack on the English lines In Cape
Colony, there was a necessarily different attitude on
the part of the Power attacked. It is possible also In
the present case that certain distinct diplomatic disadvantages would arise in the path of the aggressor.
It is supposed, for instance, that the Anglo- Japanese
treaty stipulated aid and support In case either party
were attacked. Exactly how far this assistance was
to go Is doubtful; but the supposed conditions necessessarily would not extend to an attacking party.
If
this is the actual status of the ca36,lt would pretty well
explain the reluctance of either party to begin hostilities.
Japan would hesitate, because by such act it
would forfeit the claim to defensive action. Raasia
would hesitate through dislike to give this diplomatic
advantage to Japan.
With the situation subject at any moment to a sadden change in the direction of peace or war, It is
useless to predict the outcome of pending negoIt will be timely, however, to review the
tiations.
facts of the present diplomatic collision, and see what
bearing they have on the future, whether the dispute
is settled by statesmen or by armaments.
THE CHRONICLE.
2362
cannot be denied that the Japaaeso Grovernmeut,
in it£ present contention, is maiutaining the caase of
the civilized and commercial world. It is also an indlspatable fact that the stand now taken by Japan
was made necessary by the snpineness of the other
Powers in this matter of Raasia's grasp at Nortbeaatern
No matter what view may be taken as to the
Asia.
propriety, on general principles, of the Russian retention of Mancharla and occupation of the Asiatic
ports, the fact is too well established to be debatable
that such action was taken in the face of protests and
In yiolation of explicit pledges.
Russia's diplomatic
attitude in this matter has throughout been shamelees. It promised the Powers to withdraw from Northern China and it named a date.
It did not keep its
promise and alleged, in reply to protests, a reason for
remaining which could be perfectly well applied to the
end of time namely, that In its private judgment its
withdrawal would be followed by disorder in Manchuria.
Since Russia set itself up as judge of the
probability of such occurrences, and since its decision
was based, not on anything that had happened, but
on opinion as to contingent events, it is clear that the
same allegation might be repeated indefinitely.
Nor was this all. If the Russian diplomats openly
deceived the Powers in these pledges of withdrawal,
they equally deceived in their pledges regarding the
This was, in fact,
status of the territory occupied.
the more serious matter; because, if Russia had given
plain evidence of a purpose to open the ports which
it controlled to the world's commerce on fair and
equal terms, it might have been argued that Russian
occupation would promote the general welfare. But
it has been entirely evident that Russia entertained
no such purpose. It was profuse in pledges ; and,
judging by the statements made in Parliament, it com
But
pletely hoodwinked the British Foreign Office.
Ic
—
while giving these assurances of disinterested action.
It was negotiating a secret treaty^ under coercion,
[TOL. LXXVII.
INTERSTATE COMMERCE COMMISSION
STILL THE SAME.
In one particular the annual reports of the Inter State
Commerce Commission are
simply pleas for more power.
all
alike
— they
are
all
Necessarily the subject
matter of the report changes as conditions and circumstances change, but the argument always turns on
one point, namely the desire to enlarge the functions
of the Commission and the province of its work.
The present report is a capital illustration of the
truth of this statement. Since the previous report of
the Commission, what Is commonly known as the
Elklns law has been put upon the Statute books by
Congress. The Commission thinks well of this amendment to the law, but Is not entirely sure that the
abolition of the penalty of imprisonment and the imposition of fines Instead can be considered altogether
Whether the good results claimed for this
wise.
change will be realized, It urges, is by no means certain.
However,
It is
gracious enough to say,
''the
present plan should doubtless be continued until its
utility Is further tested."
Immediately proceeds to use this new law as
a peg on which to hang another argument for giving
"Valuable as such amendit the rate-making power.
ment is," we are told, "it has added nothing whatever to the power of the Commission to correct a
tariff rate which Is unreasonably high or which operIt greatly aids the
ates with discriminating effect.
observance of tariff charges, but affords no remedy
for those who are injured by such charges, either
when they are excessive or when they are inequitably
adjusted. * * * The effoct of the Elklns amendment
has been to bring about in many cases an increase of
railroad charges, and, as a resnlt^of the maintenance
of rates, has operated to intensify whatever was wrong
But
it
in the tariffs
of the
themselves. * * *
Commission
Yet the authority
in respect to these matters has not
with the ChiQese empire. While professing merely been enlarged in the least by the amendment in
However plain a given case may apto guard the Siberian Railway, it was garrisoning the question.
While assuring Downing Street that its occu- pear, or however clearly injustice may be escities.
the only order
proof,
pertinent
pation of Port Arthur was a peaceful act of commerce, tablished
by
i: was constructing fortifications.
It was only in line which the Commission has power to make Is the limwith this policy that it reached out to grasp ited and Inconclusive order to 'cease and desist' from
charging the rates or doing the things found to be
Cores.
It was here that the Japanese Covernment inter- unlawful; yet even that order has no binding force
fered; and, considering all the circumstances, it can upon the carrier, but can be disregarded with imhardly be questioned that Japan, in Its firm and reso- punity until compliance Is decreed by the courts at
lute demand for aesarances which should bind, has the end of tedious and expensive litigation." In closbeen doing what Europe might better have done a ing this part of its report, the Commission assumes a
year ago. The manner of the Japanese c ommunica rather injured air. It says it has carefully pointed
tions, so far as they are known, is in most striking out the amendments deemed essential to give It the
contrast with the feeble and futile remonstrances of added power, and therefore feels that "its duty In
other Powers during the seizare of Manchuria. The this regard has been performed." We think that
position of the Powers then appeared to be that they everyone will agree with It in this last statement, for
were relieved to get any explanation or apology, however flimsy, that would permit them to dismiss the
subject.
Jaj^an requires something more than this,
and its attitude has at all events brought a check to
the Russian policy.
It is too early to predict the probable outcome,
whether Russia yields or whether it comes to blows.
The essential point to notice Is, however, that Japan
Is standing for the "open-door" policy contended for
by England and the United States in the interests of
Holding this position, it
fair play In Eastern trade.
deserves the active moral sycupatby of both nations,
and will undoubtedly receive it.
has certainly done its duty with marvelous assiduity
for the last sixteen years in asking for rate-making
and other powers, without getting them. In.?faot the
thing is getting very tiresome. Would it not be a
it
Commission to "cease and desist"
from this line of action, and devote Itself to exhausting the powers already possessed and to improving the quality of its work. It is good doctrine
which asserts that one must be master of a few things
before he can be expected to be made ruler over
many.
wise plan for the
We
have In the past furnished conclusive reasons
why the Commission should not be allowed to fix
Dec.
THE CHRONICLE.
26, 1903.]
2363
rates without right to the carrier to
sure
of snch
between the present worth of railroad property and
its cost to those who are proprietors of it. * * * This
office, therefore, Is placed under the legal obligation
of making Inquiry into the "cost and value" of railway property. * * * As preliminary to such an in-
have the jastneBS
passed upon by the courts, but
there is one part of the present report which itself
constitutes adequate cause for not giving It the aurates
first
Tne remarks
it
a trustworthy estimate of the relation existing
which we have reference are those grouped under the head of •* Court vestigation the corporate history of railways in the
The steps by which
Decisions." The Commission probably does not con- United States must be written.
great
corporations
to
their present power
have
risen
sider that this portion of the report has any bearing
must be made clear. The process of consolidation
upon its claim for more power. The reader on perusing
and the contracts entered Into to consummate con-
thority asked.
the same, however, will not
to
fail to see,
we think, that
two ought to be held In close coanection.
Here is what the Commission has to say on the point
in question: "Five court decisions have been rendered during the year in cases involving enforcement
of orders issued by the Commission. These are known
as the Orange Routing Case, in which the Circuit Court
for the Southern District of California overruled
demurrers
to
the
petition
of
the
Commisthe
sion
the
;
La
Grange,
Qa.,
long- and- short haul
solidation must be laid bare.
Every charter for the
construction of new lines, every law on the authority of
which action has been taken, every court decree respecting Insolvent roads, must be made to contribute
Indeed, the facts locked
all pertinent information.
In the minds of railway presidents or corporation attorneys ought to bo brought to light.
The remarks above quoted, taken from the 1888
may
be found In the Ohhonicle of Jinuary
lath, 1889, page 51.
In commenting upon the plea
of the Statistician made at that time, we stated that
report,
decided
adversely to the Commission by If he shonld undertake the Investigation suggested, a
Supreme Court; the Hampton, Fla., and separate building would be necessary to furnish office
Danville, Va., longand-short-hanl cases, decided in room to accommodate his force.
It Is Interesting to
favor of the carriers; and the Wilmington, N. C, recall this old attemot In view of a renewal of the
case, relating to rates and traffic from Western points same effort now.
Contrast the foregoing with the
to Wilmington as compared with those to Norfolk and following extract from the present report.
case,
the
XT.
S,
other Virginia
cities,
which was
also decided In favor
In another case, brought to compel testimony and the production of documents before
the Commission, the court held that the testimony and
documents were not material or relevant to the matters In Issue before the Commission, but the case
Is
now pending on appeal in the United States
Supreme Court." This extract, when carefully read,
Bhows that on the Commission's own statement of facts,
it was overruled four times out of five where appeal
was taken to the court from its orders or demands.
And the year 1903 was not, exceptional in this respect.
lo was simply a repetition of past experience, the
courts finding It possible only in very rare cases to uphold the action of the Commission. Think of endowing a body haying snch a record with power to fix r^tes
and compel their observance, leaving no redress until
after a long term of years a court decision may come
declaring that the rates were unjust and the order
wrong and should never have been made.
Possibly the reader may think that what the Commission says on the subject of "Valuation of E ilroads'Ms
wholly new, constituting merely an additional claim for
power which has recently suggested Itself to the Commission by the course of events. Not so, however.
The personnel of the Commission may change from
year to year, but its purpose la always the same. The
appeal for power to value railroad property Is merely
an old friend In a new guise.
In the second report
issued by the Commission, namely that for 1888, the
statistician of the Commission contended for precisely
similar authority, making also closely analagous remarks In arguing that an elaborate Investigation shonld
of the defendant.
be
made
into tne valuation or cost of railways.
The Commission calls attention to the importance
of a trustworthy valuation of railway property in the
United States, as the judicial rules for the determination of reasonable ratetf for freight and passenger
traffic lay stress upon the fair value of the roads
whose rates are the subjfct of complaint. Closely
connected with the question of reasonable railway rates,
is the question of reasonable raitvjay taxation.
In view of considerations stated in the report, the
Commission recommends that the Congress take this
matter under advisement. Of the various methods
of valuing railway property, the one which seems to
meet most nearly the necessities of the situation calls
for a complete and detailed Inventory of both physical
and non- physical values.
The only difference between the present attempt
and the former attempt In the same direction Is found
In the sentence which we have placed In Italics relating to the question of reasonable railway taxation.
From
the sentence referred to the conclusion seems
necessarily to follow that the
Commission would like
to regulate railway taxation as well as fix rates.
INTERNATIONAL EXCHANGE AND THE
FOREIGN DEPARTMENT OF BANKS.
A
practical
work on the foreign department of bank-
ing and Its management by American bankers has
clearly been needed, and it Is now supplied by Mr.
Anthony W. Margraff of Chicago, Manager of the Foreign Department of the National Bank of the Eepub-
and formerly associated with the like department
This
In the Union National Bink, both of Chicago.
lie,
the business ordinarily called foreign exchange,
but Mr. Margraff prefers "international" to "foreign,"
Is
There and he
calls his
monograph
of 300 pages, octavo,
"In-
such close Identity between the present contention ternational Exchange." He holds, and correctly we
and the former one, made fifteen years ago, that we think, that "International" is more accurately definideem It worth while to repeat what was said on the tive and more clearly presents the character of exchanges between nations then "foreign" does. Indeed,
occasion referred to In 1888.
when one stops to think about It, the term "foreign,'*
Satisfactory and conclusive information on the oo3t notwithstanding custom has applied It to trade as well
of railways in th? United States cannot be obtained.
as to monetary adjustments with other countries,
Bat it may always be assumed in interpreting a law
might mean trade and exchanges in rather than with
tbat the lawmakers did not design to impos.^ any tasks
which, from the nature of the case, are Impossible. another country than that In which the term Is used.
* * *
It was manifestly the desire of Congress to as- The choice of another word as title strikes us as fellcis
THE CHRONICLE.
2364
[Vol. lxxvii.
luiereat rates here concur with low rates in London,
fits the laiporiauce wlin
so
invest
that there may be a margin of profit in borrowing
seeks
to
not
unreasonably,
which Mr. MargrafF,
there and employing the proceeds in New York. The
the subject.
Itona,
and
it
particularly
communication makes the money markets of
England, Germany and France as available to America
as if they were geographically close at hand, and the
reputation of this country is so high that a director of
this a specialty; but the banks h»ve one by one an- a German banking institution in London said to Mr.
nexed foreign departments until nearly every prominent MargraS that " the American finance bill possesses
bank operates one. The whole community, he thinks, the peculiar distinction of being the only bill of its
have been beneficiaries of this development, competi- type that can be discounted in the English money
tion having enabled buyers o! exchange drafts to pro- market," and a London banker said that " we have
cure them at lower figures and exporters to sell their become so accustomed to discounting your financial
''The effect bills that we could not now manage to get along withbills at higher figures than formerly.
upon the interests of the banks may bd approximately out them."
At the outset Mr. Margraff compares ten leading
termed that of a whipsaw, and the struggle will
London
joint-stock banks with ten leading ones in
doubtless continue while the supply of foreign departhe magnifies his office as connected
with exchange operations. Formerly, he says, international exchange transactions were generally handled by private banking firms la this city, who made
Naturally,
closeness of
ments exceeds the demands of business;" the business New York in respect to their principal items, his oboutlook In this particular might be discouraging to ject being to show the advantages possesaed by banks
banks, except that a foreign department adds some in Earope over those here as to sources of profit. The
half-dozen incidental benefits which Mr. Margraff totals in the comparisons stand thus
London.
Kew York.
enumerates, among them being that it gives a bank
oppcrtunity to place loats abroad, when
favor, by purchasing foreign exchange aa
ment or to borrow in the world's markets
"Finance Bills;" also that a bank thua
position to subscribe for portions of
Capital
conditions Reserve
an invest- Deposits
Cash means
by issuing
The dividends in the
comes into
European national
loans.
As
a part of the advantages, he also states that a
very large foreign exchange business can be conducted
on a comparatively small working capital, since credit
balances in the hands of Earopean bankers are in
fact just as available as if in hands of domestic correspondents. His observations directly following this
remark are interesting
"A notable and salient point Is the fact that the
purchase of every bill of exctiaDge payable in European
countries is equivalent to a purchase of gold, because
all of these countries are now on a gold monetary
basis.
While in times of quietude that feature is only
matter
of sentimental value, it Is not beyond possia
bility that foreign exchange bankers may again experience its Intrinsic value as exemplified during the
panic of 1893, when American bankers with London
connections imported large amounts of gold and found
paramount value.
"It Ib true that during the crisis of that year bankers may have experli-nced some difficulty in selllDg
their foreign exchange, owing to the great demand
for money at home and mistrust in general; but that
it
of
$94,732,500
84,392,500
1,529,134,885
383,850,805
$59,600,000
53,934,339
673,663,097
317,496,369
New York
banks are 20 in one
case, 16 in one, 12 in one, 10 in two, 8 in 2, 7 in one
and 6 In two; in the ten London banks they are 22 in
one case, 20 in four and 16 in the lowest. The average
ratio of cash means to deposits is 47^ here and 25^ in
London, so that the higher ratio of deposits to capital
and reserve more than offsets in London the lower
rates of interest.
Of course, the existence of
the Bank of England contributes towards "a banking
method devised to permit safely employing so large a
percentage of deposits in an earning capacity," the
great institution acting as reserve agent for the
others; "the Bank of England is at all times prepared to make advances against satisfactory collateral)
or re- discount approved acceptances at its minimum
rate, this naturally creating a feeling of stability, and
the assistance at their command in times of emergency
enables the others to safely conduct their business on
a smaller cash reserve basis than is possible to bankers
in this country without similar protection."
The "open discount market" is mentioned as another source of profit unknown here, and Mr. Margraff sees various reasons why this should strongly
The "acitself to the American banker.
ceptance account" is another source of profit unknown
here, our national banks being prohibited from acForeign exchange bankers were cepting time drafts, although that line is "an impreviously remitted.
at that time in a position to secure gold, then refused portant factor of European banking of a highly
even to holders of United States G-overnment bond? remunerative nature." It is quite true, as he points
when there was no market for any bonds."
out, that our banking laws are very restrictive upon
The "Finance Bills" referred to, which have played the sources of profit in banking, and that this has led
an important part in raising funds abroad for develop- in part to the great development of trust companies,
fact did not cause acy embarrassment, but on the contrary enabled tbem to obtain at that time gold from
their European correspondents, shipped to the Amer
lean backers in payment of foreign bills of exchange
commend
ment of American industries in recent years, are which have much more freedom; so much as this has
drawn by American banking institutions upon their been forced upon attention, especially during the
European correspondents at thirty, sixty or ninety past year.
They are usually
days' sight, maioly upon London.
The salient issue of Mr. Margraff's first chapter is
covered by collateral of stocks or bonds listed on the the question, whether "were the earning factors of the
New York Stock Exchange, but any collateral is Earopean system, as mentioned. Incorporated into the
those
acaccepted which may be arranged for, and often none American banking plan, would not
increase
the
American dividend
is required when the drawers are held in sufficiently
factors
tive
high estimation by the drawees. Various conditions, rate ?" To this there can be only one answer
make
the issae of
American banker.
may and although
might be said that the popular
these bills advantageous to the jealousy of banks and banking in this country
One condition Is when high local would not at present incline to admit that such an
presenting themielves at any season of the year,
it
i
.
Dec.
Increase
THE CHRONICLE.
20, 1903. J
Is
desirable, the subjoct
a part of the
still
larger one of
rent financial system which
la
a large one, being
a general
and cohe
lacking in ihc
United States, yet must sooner or later be attained.
It is ''anfinlshed basiness" which is dallied with aT d
deferred, yet will not be settled until rightly handled.
is
still
bearing upon this subject we haye referred to the valuable contribution of Mr. Margrafl to
Because of
its
his particular field editorially rather
than in the more
2SGo
—
L^ke Shore case toiiowlng, as already
from higher wages and higher prices for masupplies and fuel. The Lak^ Erie<& Western is
cnac in the
stated,
torials,
a
much
smaller road
;
still,
it.
ouly $14,622 gain in net.
We
the
need hardly say that the New York Central,
parent company of the others, has not been
fiscal
2H^ STATEMENTS OF THE VANDERBILT
conditions prevailed
With $494,9^9 increase in gross, there was an
addition to expenses in amount of $480,437, leaving
on
exempt from the same
usual form.
like
year doea not correspond
year, but ends
on Jane
That company's
inflaeaoaj.
30.
with the calendar
For the 6 montns since
June 30
its gross earnings have increased $2,335,000,
but expenses have moved up as much as $2,665,000,
The striking characteristic the one overshadowing leaving actually a small loss in net $330,000. Making
feature
In the returns of the Vanderbilt roada, sub- up the figures of the Central for the same period of
mitted the present week, is the large and general iu twelve months as embraced by the other roads, namely
crease in expenses which they one and all display. the calendar year, the result would ba a gain of,
The Lake Shore «& Michigan Southern Oo. has in- roughly, 8 million dollars in gross earnings, with an
creased its semiannual dividend from 3^ p. c. to 4 p. increase in net earnings of less than half a million
c, &nd it is understood that dividend payments in the dollars. We have prepared the following interesting
case of this company will hereafter be on a basis of 8 table covering the last two calendar years for these
per cent per annum instead of the previous seven per various roads to show how striking the addition to
cent.
But the higher rate does not follow from any expenses is, whether the roads are treated singly or
growth in net revenues during the 12 months. It is collectively.
-QrosBtaminasNtt earnings—
to be ascribed to the fact simply that earnings have
Calendar
1903.
1902.
Increase.
1903.
1902. Increase.
always been largely in excess of dividend reqalreyear.
S
$
$
$
?
$
ments, and that the management have now come to LakeSh.&M.So. 34,612,000 30,449,292 4,102,708 11.367,000 *11,229,016 137,984
MichiKan Cent... 22,230,000 19,045,083 3,184,917 3,741,000 3,577,578 163,43
the conclusion that the time has arrived when one Lake Erie &W.. 5,199,239 4,704,380 494.959 1.1>)7,437 1,152,915 14,52
per cent more could be paid on the stock.
Total
62,041,239 54.19S,655 7,842,584 16,275,437 15,959,509 315,928
79,940,841 71,914,962 7,995,879 23,816,486 23,323,205 493,231
Comparing the 12 months of 1903 with the 12 N. Y. Central
ROADS.
—
—
months
of
1902,
it
is
found
—
that
gross
increased $4,162,708 or 13*67 per cent.
earnings
That must
Grand total.... 141,982,080
126,143,617 15,838,463
40,091,923
39,282,714 809,209
* Lake Shore figures are here given before the dednotion of outlays for construction and additions.
be considered satisfactory growth both in
amount and ratio. As It happens, this splendid
addition to gross earnings was attended by an augmentation of 14,024,724, or 21*18 percent in expenses.
thus be seen that while gross earnings of the
roads given were $16,838,463 larger in the calendar
year 1903 than in the calendar year 1902, the gain in
The
net earnings was no more than $809,209.
certainly
that with nearly 4^ million dollars
improvement in gross, the gain in net reaches the
result
is,
sum
of $138,000.
It might be claimed
augmentation
in
that the large
operating expenses
represents merely increased outlays for betterments
and Improvements. That was certainly the case in
insignificant
some
of the past years; the present time, however, the
larger expenses would seem to follow wholly from an
— being
due to higher wages
And enhanced prices for fuel, materials and supplies.
Fortunately, the report on the present occasion
has been altered so as to have the expenditures for
construction and additions appear as a separate item.
These expenditures for construction and additions
were certainly very much larger than in the previous
year, having been 84,395,000 as against $2,768,788.
As, however, they constitute an entirely separate and
distinct item, they obviously play.ed no part in producing the $4,034,724 increase already mentioned in
Increased operating cost
It will
penses on these roads increased In the
15 million dollars.
made
We may
above, that in this
of the construction
Lake Shore.
The
That
sum
repeat, too, the
no account whatever
of
is,
ex-
oyer
remark
is
taken
and improvement outlays of the
results given deal simply with the
ordinary operating expenses of that system. In the
case of the other roads we do not have that item sepa-
and therefore have been unable to eliminate it
from our figures. But that all have suffered from a
common cause is evident when we turn to the return
of the Pennsylvania ER. Co. In this instance we have
only the figures for the ten months to Oct. 31. For
these ten months the Pennsylvania lines directly operated Eist and West of Pittsburgh show $15,253,400
gain In gross earnings with an actual falling off of
rately
$171,900 in net.
We
have room for onlv a few words with referenca to
the statements of the Michigan Central and the Lake
If the outlays for Shore & Mlchi&^an Southern considered by the mselves.
'the ordinary operating expenses.
fconstruction and additions had been included in ex- The Michigan Central figures. Indeed, call for very
It has been the policy of that road
penses, the same as in other years, then there would little comment.
for a good many years to show net earniogs just about
be, with an increase of $4,162,708 in gross earnings
sufficient to meet fixed charges and dividends on
an actual decrease of $1,488,000 in net earnings.
Nor does the Lake Shore stand alone in this matter Michigan Central stock at the moderate rate of 4 per
The Michigan Central for cent. Gross earnings since 1894 have risen from $12,of larger operating cost.
Net earnings in the same Inthe same period of 12 months added $3,184,917 to its 584,013 to $22,230,000.
gross earnings, but carried only $163,422 of the terval haye advanced only from $3,439,906 to $3,741,amount forward as a gain in net. Construction and Im- 000. In the earlier years the lack of growth In net
'provement expenditures in this case are not given sep. followed from the constantly expanding outlays for
la the more recent
arately, but there is no r^son to think that the cause of improvements and betterments.
the higher operating cost has been any different from years, and particularly 1903, the explanation Is that
THE CHRONICLE.
2366
We
present the following table showing the yearly results for the Michigan Central baclc
already given.
to 1889.
COMBINED KABNTNOS OF MICHIQAN OKNTBAL AND CANADA SOOTHERN.
r«ar«.
6ros»
Net.
earnings. Taxfj and Earnings.
Interat
Improv'ts.
lientals.
S
an<i
Balance.
i
8.891,767
2,512,527
10,731,754
3,758,958
2.451,332
11,107,569
4,055,391
2,139,287
$
1,379,240
1,304,038
1.616,101
15,908,298
12.016.095
3.862,198
2,101.363
1,457,836
16.178,031
12.287,702
3,890,339
2,101.804
1,488,433
1894..
12,584.013
9,111.108
3,439,905
2.101.181
1,038,721
1899.
1886..
1897..
1988..
1899..
1900..
13,e51,420
10.183.231
3,468,189
2,102,201
1,065,988
13,821,611
10.392.350
3,129,261
2,391.565
1,034,690
13,697,339
10.249,510
3,117,729
2,415,034
1.032,705
14,046.140
10,645,972
3,500,177
2,119,935
1,080.242
16.504.062
18,004,110
8,499.94 1)
2,414,286
1,085,661
16.780,131
13,829,490
3,500,641
2,401,818
1901..
18,490,274
11.746,964
8,714.310
2,456,514
1,090,428
1,288,796
1908..
19,045,083
22,830,0 jO
16,467.505
3,577,578
2,210,778
1,306,800
18,489.000
S,':4I,O0O
2,145,000
1,596,000
1S89..
13.786,986
9,895,158
1880..
1891..
1893..
1803..
14,190.712
15, 162,960
1903*.
•
Partly ei«tlmated
Note.— Income from Investments to be added
and $54,013 in 1902.
the
case
of the Lake Shore
In
to
above balance was
;f54,000 in 1903
& Michigan Southern
the character of the Income statement for 1903
is
con-
from that for 1902. Though dividends have been increased from a basis of 7 per cent
per annum to 8 per cent per annum, and the actual
payment out of the income of 1903 will be 7^ per cent,
siderably different
as against 7 per cent out of that for 1902, the
amount
given as earned for the stock for 1903 is but 9 02 per
This is the
cent, as against 13*63 per cent for 1902.
result, to be sure, after expenditures of $4,395,000 for
construction and additions in 1903 as against $2,768,788 so deducted in 1902. There has been, however, still
another reason for the smaller amount earned for the
stock in 1903 than for 1902. It will be recalled that
in the early part of 1903 the Lake Shore acquired a
large interest in Eeading Co. stock and also an inter,
As a result a loan for
est in some other railroads.
the
Company
at the begin,
made
by
was
$26,000,000
ning of 1903, which loan, together with other floating
obligations, the recent sale of $40,000,000 of 25-year
It is
4-per-cent debentures is intended to take up.
significant of the part played by these new obllga
tions that the charge for interest, rentals and guaranteed dividends in 1903 was $4,840,000, as against only
$3,393,270 in 1902.
Of course, with these new acquisitions there Las
come also an increase in the income from investments,
but this increase amounts to only $661,436, as against
the $1,446,730 increase in charges. In the following
we show the Lake Shore figures for each year since
Expenses and taxes in this case include the
1889.
construction and improvement outlays, since we have
not the means of separating them for the earlier
years.
and rentals shows the
deduciing each year tJis income from
The column
fixed charges after
of Interest
180O
1801
1802
1893
1894
1896
1896
1897
1888
1809
1900
1901
1802
1003*
*
Dividend* ptr Share
Expenses,
Charges,
Net
of $100.
Taxes and Ea^mings. Less Other
Earnings.
Improv'ts.
Earned.
Paid.
Income.
Oroet
%
80.865,760
«
14,220,481
$
1
6,645,279
3,344,735
21,431,387
14,632,676
6,798,711
3,359,261
22,415,388
15,803,190
17,123,913
6,612,192
3,375.364
6,562,020
3,365,376
3,402,863
23,683,933
19.557,869
13,186,067
6,371,802
21.01iJ,035
14,568,220
18,726,155
6,447,815
6,467,803
3,419,600
20,193,958
13,542,491
6,7£5.831
3,009,972
20.297,722
3,445.403
20,763,683
13,928,019
6,825,664
2,803,439
23,613,94*^
15,882,146
7,781,801
2,724,639
26,466,614
17,807,796
9,158,719
2,500,289
29,272,676
20,21 0,'^2U
9,0f!2,446
1,907,321
80,449.2a2
34,613,000
21,989,064
8,460,228
6,972,000
1,724,705
Reaolts lor
2?,fl40,C0
NoTember and December
2,610,000
estimated.
«
6 67
6 95
6 51
6 46
6 00
6 12
6 11
7
8
10
13
67
13
22
46
14 40
13 61
9 02
For a nnmber of vears we have been making efforts to obtain reliable statistics as to the production and conanmotion
of cotton in Mexico, but until very recently without success.
Now, however, through the kindly assistance of Mr. Edward
M. Conley, Vice and Deputy Consul General of the United
States in the City of Mexico, we have secured the most
recently compiled statistics of the Republic on the subject.
As regards production of the raw material, the information at hand indicates that the yield, while at no time large,
has appreciably declined of late years. In fact production in
the latest year for which returns are obtainable (1901) was
less than half the yield of 1898.
We are credibly informed,
however, that the Mexican boll-weevil, which recently ap-
peared and became harmful in Texas, is responsible largely
for the falling off in the cotton crop since 1898. The weevil
was particularly destructive in the cotton district in the
northern part of the Republic, especially in the State of
Chibuahaa, making it practically impossible to plant ootton
in that district. But it should be explained that in 1898
all climatic conditions combined to make the crop of that
year a record-breaker, and that even with the same area
under cultivation no such crop could be expected regularly.
In fact we can very safely state upon very high authority
that the potential production of cotton in Mexico, eliminating the boll-weevil as a deterrent fact, is about 50,000,000
kilograms (110,000,000 lbs.), or about 220,000 bales of 500
ibs. each.
The cotton crops of Mexico for the six years 18961901, stated in kilograms— the official weight— and reduced
by us to pounds and 500-lb. bales were as follows:
t
6 00
6 00
6 00
6 00
6 00
6 00
6 00
eoo
7 00
7 00
7 00
7 00
7 00
7 50
Pounds.
64,349,152
72,565,976
100,367,071
49,576,457
48,051,691
49,304.851
Kilograms.
29,185,682
32,915,394
45,526,767
22,487,517
21,795,895
22,364,092
Tears.
1886
1897
1898
1899
1900
1901
500-lb. bales.
128,698
145,132
200,734
99.163
96,103
98,609
The returns we have received covering the operations of
the Mexican mills, although not of very recent date, are, in
common with the statistics of production given above, the
latest compiled. They are, however, very complete, emsatisfactory increase in
bracing all features of interest.
in
of cotton consumed is
factories
and
amount
number of
shown. Altogether there were in 1900-01 one hundred and
fifty-four factories in operation, a gain of ten over the previoas season, and 30,26^,319 kilograms of cotton were consumed (135,434 bales of 600 lbs. each), against 28,985,258
kilograms, or 127,802 balea in 1899-00, and 26,518 059 kiloIt will of course be
grams, or 116,924 bales in 1898-99.
noted that the amount of cotton used in the mills is much in
excess of the yield of the raw material in Mexico. Tae deficiency is largely made up by importations from the United
States, as our reports fully show, although other countries
(Brazil, etc.,) undoubtedly contributed.
A compilation of mill statistics for the three years 1898-99
A
to 1900- 01, inclusive, is appended.
Number
,
Fac-
States—
tories.
CoahuUa
11
Colima
Chiapaa
Chihuahua.....
Dlst. Federal..
Guansjlrato...
Fixed
Teart.
CO TTON PR OB UOTION A ND CONS UMP TION
IN MEXICO.
DuranKO
investments.
LAKE SnOBE A MICniOAN SOUTHERN'S INCOME.
[Vol. Lxxvn.
Guerrero
Hidalgo
2,400
1,800
44
66
4
7.264
280
14
48,790
17,974
25,672
2,598
6,736
82,947
3
Jalisco
Mexico
Mlchoacan
3
1
10
10
2
—
8
9
5
1.259
1,936
774
658
1,030
324,837
12,636
240,403
131JZ13
1,904,174
101
162
260
3'i7
1366
1,922
38,H4
1.305
2,104
18,236
256
575
555
483
80
773
705
8,068
3,429
4
17,928
3
29
18,640
Sinaioa
Sonora
Teplc
Tlaxcala
Veracruz
Totals 1900-01
1899-00
1898-99
A
1
.
8,88J
NuevoLeon...
Oazaca
Puebla
2
4
—
18,753
33,474
2,403
4
-Production.
41,8S5
1
Queretaro
S.Louis Potosl
>
130
130
430
...
Morelos
of
Conswnp
Print OperaTarn, Cloth, &c.,
tion.
pieces. Kilog'ms.
dies. Looms. Mach. lives. Kilog'ms.
60,066
8,051
649.873 2,082,130
51,648 1715
Spin-
8e,848
25.410
6,120
6,752
2,794
1,329
706
150
219
96
359
12,176
4
10
40,828 1,297
12 104,101 3,625
164 593,909 18,783
144 588,474 18,089
118 4G8,.'547 13.944
1,300
260
438
168
590
4
11
38
36
27
kilogram equals 2-2046k!l2 pounds
136,434 bales of 500 lbs. each In 1900-01.
tjales in 1898-09.
1,663
5,814
74,763
130,801
279,853
110,026
20,976
2,652
81,943
88.723
259,166
19,797
6,515
384
27,050
98,448
836,254
263.808
57.437
118.129
517.434
941,929
175.775
161,831
83,316
562,816
2.464,239
1,376,681
1.765.166
172,1-37
301,911
1.839,156
285,674
247,723
2,033,440
627,701
40,111
88,936
43.535
213,213
989,966
783,086
23,761
948,267
683,757
4,355,974
1,052,394
180,50S
391,684
205,778
939,854
2,058.647
1,968,54
5.822,871
i
I
2,157,907
28,759 1,837,302 11,581,523 30,.i62,319
27,707 1,884.401 11,652,952 £8,985,263
21,960 1,896,042 10,239,799 26,518,059
On this basis ccnsumptiou reached
127.^:02 bales in 1899-00 and 116,924
J
Dec.
THE CHRONICLE.
26, 1903.
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S
—The public sales of
bank stocks this week aggregate 309
shares, of which 345 shares were sold at the Stock Exchange
and 64 shares at anction. The transactions in trnst company
stocks reach a total of 72 shares. Lincoln Trust Co. stock, of
which the first public sale was made last week at 298J^-80(>,
advanced on a sale of ten shares to 330.
Baitks— y«io fork.
Sliaru
*24R Comrceroe. Nat Bunk of
10 Consolidated Nat. Bank
4 FoQitti National Bank
50 IrvlDK National Bank
La*t pr«moi(j tale
Deo. 1903- 210
Oct 1^02- .05
Nov. 11^03 - 310
Apr. 1903— 240
Price.
211-215
160
205
224
Tkcst COMPANIB8— i\r««? York.
Bowling: Greeu Trust Co
Broadway Trust Co
Lincoln Trust Co
Republic, Trupt Co. ol the
United Stales Trust Co
25
10
10
25
2
DeciflOS—
Deo. 1902—
Deo. IH03Sept. 903—
Deo. 1H03—
200
142»«
32D
25
xl49bJa
»
200
174
300
295U
1500
2367
Their report, which will be presented to the ExecuCommittee of the Association, Is as follows:
week.
tive
(1) That there shouUl be a uniform bank money order which can be
used by any member of the American Bankers' Assoolatlon when
drawn on Its regular correspondent— InvolvlnK absolutely no extra
labor or entries over the present methods of selling exchange.
(2) That no order will be Issued lor more than $100.
(3) That each member of the American Bankers' Association be requested to honor these orders at par.
(4) That each oider Issued Is to be guaranteed absolutely by one of
oar BtrouKest and best guarantee companies.
(5) That If any order should not be paid for any reason by its correspondent, the said guarantee company will redeem them at once.
(6) That there shall be a uniform rate for the Issalag of said orders.
—A new trust company is organizing in the southern district
of Brooklyn, to be called the
Sherman Trust Company.
The
and $250,000
institution, which
* Sold at the Stock Bxohange.
surplus, expects to begin business early in the coming year at
All the prominent exchanges throughout the country
160 Atlantic avenue in the new building partly occupied by
will follow the example of the New York Stock Exchange
the South Brooklyn SAvings Biuk. The stock is to be issued
and will be closed to-day as well as yesterday. The Cotton
Two former S'ate Saperintendents of the
and Produce Exchanges have also decided to suspend business at $150 per share.
of New York (Willis S. Paiup, PresiDepartment
Bauking
on the Saturday following New Year's, but the Board of
National Bank, and Charles M.
Consolidated
Managers of the Coffee Exchange did not approve of making dent of the
appointed Receiver for the New York
January 2d a holiday, having decided that a suspension of Preston, recently
Building Loan Banking Company) are among the in:;or
business on that day would interfere with January deliveries.
porators named. The other incorporators include J. WesThe New York Stock Exchange has not as yet taken action
ley Allison, President of both the Philadelphia Steel &
on the question of closing next Saturday.
Iron Company and also the Cramp Steel & Iron Company
It is reported that the membership in the New York
and director of the Eastern Trust Company; Charles E.
Stock Eichange of Egbert Mills was on Friday transferred
Sjhuyler, Secretary of the New York Real Estate Board of
to H. Van D. Moore. The consideration is said to be $87,500,
Brokers; Isaac H. Cnry, director of the Metropolitan Plate
an advance of |7.500 over the last reported sale.
Glass Insurance Company and a trustee of the South Brook
Mr. Moses Taylor Pyne has been elected a director of the lyn Savings Bank C. S. Dunniag, Secretary and trustee o
Commercial Trnst Co. of New Jersey.
the South Brooklyn Savings Bank; Frank E. Haff, Secref
—The 1450,000 new stock of the Oriental Bank of New tary Long Island Railroad William C. Demorest, President
York has been listed on the New York Stock Exchange. It Bankers' Life lusurance Company, and Waldo G. Morse,
will be recalled that the bank increased its capital last June Thomas D. Rambaut, Joseph O'Brien, Hamilton H Salmon,
from 1300,000 to |750,C00. The institution on Dec. 2 1903- Andrew J. Cobe, Edgar Peckham, B. Huntington Allen,
the date of the latest statement had capital of $760,000, sur- Gaorge D. Provost, Robert J. MacFarland, W. J. Currie,
plus and undivided profits of $1,063,777 and deposits of Cornelius P. Rosemon, William Nelson and Frederic F.
The bank, as stated by us last Saturday, has re- Nugent.
$8,938,773.
moved to its new quarters at 182-184 Broadway. The officials
—The Mount Vernon Trust Company will on January Istare President, R. W. Jones Jr.; 1st Vice-President, Nelson add a department to be known as the County Department,
Q. Ayres; Vice-Presidents, Ludwig Nissen, Erskine Hewitt to supervise, as the name implies, the growing business of
and Chas. J. Day; Cishier, Geo, W. Adams; Assistant Cash- the company in Westchester County, where its offices are
will have §500,000 capital
—
:
—
—
;
;
—
:
ier, Jos. E.
Kehoe.
—"The event
This department will be in charge of Stephen
located.
of the season," as far as the
Hanover National
Van
Tassel.
Bank employees are concerned, was the seventh annual dinner given by that institution on Saturday evening last at the
Hotel Savoy. After justice had been done to the tempting
repast, the program which had been arranged for the occa-
—In the Superior Court at Hartford, Conn., on Dec. 23rd,
Judge Gager, upon petition of Mrs. Ella S. Russell, of Killingly. Conn., appointed Mr. Joseph P. Tuttle, City Attorney of Hartford, as temporary receiver of the Windham
sion, and which consisted of songs, toasts, speeches, etc., was County National Bank of Danielson, Conn., and ordered the
carried cut. The Chairman, Mr. Washington I. Thomas, bank to close its doors until Jan. 14, 1904. The complaint
presided as toastmaster and filled the position in a felicitous filed against the institution alleered that the capital stock
The following responded to the various toasts: had become impaired.
manner.
" Oar Country," Mr. H. H. Montgomery; " Our Building,"
Later, the Comptroller of the Currency appointed Mr.
Mr. William Logan; " Our Domestic Relations," Mr. W. C. Ellis S. Pepper as Receiver, and Uaited States Bank ExamB. Haff. Especial mention ought to be made of the his- iner Barrows, o' Providence, assumed charge of the bank's
by the Deau of the corps of employees,
"National Affairs 1850H. Seymour, on
1860." Mr. William Halls Jr., Vice-President, and Mr.
S.
W. Fay, Director, also made suitable speeches.
The guests of honor included President Woodward,
VicePrfsidents Halls and Djnald and Cashier LDgan, of
the Hanover National Bank; Mr. James Stillman, President
of the National City Bank; Mr. A. L. Bannister, Treasurer of
the Trust Company of America; Mr. Nelson A. Reynolds, Assistant Cashier of the Citizens' National Bank; Mr. W. C.
Duncan, President of the Greenwich Bank; Mr. Lewis E,
Pieraon, Vice-President of the New York National Exchange
Bank, and Messrs. S. W. Fay and C. H. Marshall, directors of
the Hanover National Bank.
torical address
Mr.
Wm.
New York
National Exchange Bank; Mr. Joseph Chapman Jr. of the Northwestern National Bank of Minneapolis; Mr. L. P. Hillyer of the American National Bank of Macon, Ga.;
this
city,
and Mr. M. N.
Mr, Percival Kuhne of
Willets Jr., of the Corn Exchange National Bank of
Philadelphia, composing the committee of five appointed
at the recent session of the American Bankers' Association
to devise a plan whereby members can be furnished uniform
—Mr. Lawis
E. Pierson of the
bank money orders
at a
minimum
cost,
was
in session last
Mr. Pepper. Mr. Tuttle states
that he will not contest the right of Mr, Pepper to assume
control. The Windham County National is one of the oldest
institutions in the State, having commenced business in 1822,
The capital stock is $35,000 aad deposits amount to about
affairs as represencative of
$250,000,
—The
National
Bank
institution with a long
friends
an extremely
—The
of Norwich, Chenango Co., N. Y., an
and enviable career, is sending to its
artistic wall calendar for the
directors of the
Hampden
year 1904'
Trust Co. of Springfield,
Mass voted on Dec 19th, to suspend business and on Dec, 32d
Mr. William W. MoClench and Mr. Henry H. Bosworth were
appointed temporary receivers. Ttie institution, which was
opened for business in 1895, has a capital stock of $100,000
and on Nov. 17 1903 had undivided profits of $65,527. Un.
satisfactory investments in seaurities and a quiet run on the
bank— deposits having been drawn down from $1,206,336 to
$890,071 between October 31 and December 19— are given as
,
the cause of the suspension.
Chandler & Co., bankers, of Philathat, on account of constantly inthey
have been compelled to secure larger
business,
creasing
and more commodious quarters, and they have accordingly
—Messrs. A. N.
announce
delphia,
THE CHRONICLE.
•2'3i)S
Vol. lxxvii.
Wilson A. Shaw and John Caldwell,
were
elected
Philadelphia.
to the board of the Bank of Pittsburgh, as were
—It is reported that a membership in the New York Coflfee also Joseph R. Paull, President, and D. C. Byers, VicePresi'Jent, of the Iron City National
The remaining memExchange was sold on Tuesday of this week for |3,500.
bers i)f the board will be elected at the regular meeting to
It is reported that two memberships in the Philadelphia
be held on the second Tuesday in January. The stockholders
Stock Exchange have recently been transferred at $5,750 and
of the Iron City National and the Merchants' & 3lanufact$5,800.
urers' National on December
formally
— The Union Trust Co. of Baltimore, which, as stated in by voting almost unanimously17in its favor.ratified the merger,
these columns some weeks Hgo, went into the hands of Mr.
—In accordance with its custom, the Farmers' Deposit
Miles "White Jr., as receiver, resumed operations on WednesNational Back of Pittsburgh has declared a "Christmas dividay, Mr. White having been discharged as receiver. It is
dend" of 6 per ceat, payable at once. The regular rate is 6
claimed that after marking down all investments from their
per cent quarterly, thus making 30 per cent for the year.
book value to the present'market value, and then further
—The $250,000 capital of the Treasury Trust Company of
charging off 10 per cent, it still leaves the capital of the comPittsburgh,
to whose opening we referred in our issue of
Arrangements have been made, it is
pany unimpaired.
Dsc.
i2th,
is
in shares of $100 each. The company begins
stated, for taking the underwriting of the securities of the
with
a
surplus
of $50,000 also, the stock having been disCranes' Nest Coal & Coke Co and the South & Western
posed
of
at a premium of $20 per share, or $120.
Ry. out of the hands of the Uoion Trust. The Mercantile
—A
plan
is announced for the consolidation of the Peoples'
manage
the
offered,
it
is
said,
to
Deposit
has
Trust &
Co.
National
baslji.
Bank
and the Franklin National Bank, both of
underwriting syndicate on a commission
Newark, Ohio. The name of the tew institution is to be the
The plan by which the reorganization of the Cotnmerolal
& Farmers' National Bank of Baltimore will be effected Franklin National Bank, and^it will have a capital stock of
$250,000 and surplus of $100,000. Mr. Benjamin Franklin,
calls for a reduction in the capital (now |512,600) "to an
who is now President of the People's National, "will be elected
amount that will fully represent the true vilue of the bank's
President of the consolidated bank and Mr. Willis Robbins,
assets," the amount of the reduction to be decided by a
Cashier of the Franklin National, will be the new cashier.
committee, after which an increise will be made in
taken the entire sonthwest corner of the Boarse Bnilding, in
facturers,' respectively,
,
—
—
special
the capital 'to an amount which will be determined upon."
It is reported in tha Baltimore papers that the reduction will
probably be to about half of the present amount, but what
the increase thereafter is to be, is not stated. The new stock
This method, it la believed
is to be sold at not leFs than par.
by the directors, will place the bank on a sound financial
basis, and is in accordance with the suggestion made by Na-
Bank Examiner W. A. Mason, who is temporarily in
charge of the bank. The Baltimore papers contain the information that the State of Maryland owns some of the
bank's stock, having secured the same in 1810, when it was a
Stite institution, and continued the investment when it be.
came a national bank. A committee has been appointed,
consisting of the Preaident. Chas. E Rieman, Geo. A. Von
tional
Licgen and Geo. R. Willis, to represent the stockholders at
the meeting on Jan. 12, 19C4, upon which date the reorganization plan
Baltimore
is
&
is cfi&cially
expected to be approved.
The report
that the
Ohio RR. was to acquire some of the new stock
denied.
The present quarters
home
of the People's National will be the
new bank.
— William B. Churchman and Robert M. Churchman,
res-
pectively Cashier and Assistant Cashier of the Capital Nationall
Bank of Indianapolis, together with a group of their friends,!
have bought the stock of President M. B. Wilson of thel
bank, and thus obtained control. Mr. Wm. B. Churchmani
is slated for the new presidency at the election early in'
January, and his brother will remain as Assistant Cashier.
Hiram W. Moores, for 26 years Cashier of the First National
Bank of Lafayette, Ind., has accepted the cashiership of the
Capital National. Frank W. Spencer of Lafayette will succeed Mr. Moores as cashier of the First National in that city
and Robert S. Moore, who has also been connected in an
official capacity with that bank, will accept a position at the
Capital National.
—The new board of directors of the Detroit Trust Co., at
a meeting on the 15th inst., re-elected the old officials, with
the exception that Mr. Edward H. Butler sncceedH Mr. Henry
Stephens as Vice-President and Mr. Henry L. Kanter will
occupy Mr. Stephens' place on the Executive Committee.
—According to the daily papers, Receiver McLane of the
Maryland Tiust Co., which suspended on Oct. 19, as anMr. A. A. Barnes, President of the Columbia National
nounced in our issue of Oct. 24, is to secure possession and
obtain clear title to the s* curities of the Vera Cruz & Pacific Bank of Indianapolis, will on January 12 resign the PresiRy. Co., which were pledged with the Maryland Trust Co, dency of that institution and will probably be succeeded by
as security for its advances to the railroad. Toe full amount Mr. Med ford B. Wilson, until lately President of the Capital
Mr. Barnes will continue in the manageof these ad vanceei, iucludicg $910,516 interest, is $8,224,588, National Bank,
National^ in the position of Vicement
of
the
Columbia
Further particulars will be found in our "General InvestPresident.
ment News"' column, on page 2391.
According to the Cleveland papers. Col. Myron T. Her—The Maasachus:?tt8 law which goes into effect next July,
and wnich requires separate officials and officers for savings rick, recently elected Governor of Ohio, has announced his
—
—
and national banks, has induced the directors
of the Leicas-
ter National Bink of L-^icester, Mass., to place that institution in voluntary liquidation. The stockholders have as yet
taken no action in the matter, but are] expected to ratify the
proposition at the annual meeting in January. The bank has
a capital of $100,000 and is under the same management as
the Leicester Savings Bank, the two occupying the same
quarters. In view of the faot that there is little business
in the towu for a national iastitutioa, the liquidation of the
Leicester National Bank and the continuance of the Leicester Savings
Bank was
finally decided upon.
— The
stockholders of the Bank of Pittsburgh, N. A., at
Pittsburgh, voted on December 15 to increase the capital
from $1,200,000 to $2,400,000. As stated in our issue of
November 7 the new stock is to be put out for the purpose
Manufacturero' National
of taking over the Merchants'
&
and the Iron City National banks. The exchange, it is reported, will be on the banis of ehare for share, the holders of
stock of the merged banks receiving cash dividends to com
peneate for the difference in book value. A change in the
by laws of the Bank of Pittsburgh has been made, providing
for a directorate of from fifteen to twenty-seven members.
ManuThe President and Vice-President of the Merchants'
&
|
of the
intention of remaining in the Presidency of the Society for
Savings of Cleveland during bia term as Governor at the
earnest solicitation of the executive committee of the bank,
He
will not be asked to devote his time to the affairs of the
bank except
in outlining its general policy,
— Announcemant appears in the Cleveland papers this week
that approval has been given to a plan to consolidate the
Prudeutial Trust Co. and the Caxton Savings & Banking Co.,
both of that city. The name of new institution has not
beea decided upon as yet, nor have any of the details concerning the ra'e of exchange of shares of the old instituIt is stated, however, that the
tions for those of the new.
new bank will probably have a capital stock of $600,000 and
surplus of $150,000. Stockholders of both institutions will
vote on January 12 upon the proposition, when details will
probably be available. Th-j offices of the new bank will be
in the Prudential's present location, it being the plan to
ultimately abandon the office of the Caxton Savings & Banking Co.
Avenue
Cleveland, began the payment of
—Receiver Frank H. Gnnn, of the
failed Euclid
Trust & Savings Bank of
the second dividend of 25 per cent on Tuesday of last week.
This makes a total of 55 per cent received by the depositors.
Dec.
2(J,
THE CHRONICLE.
1903. J
—On
Dec. 15 the Eaclid Ave. Trust Co. of Cleveland
doors for business at No. 84 Euclid Ave. The
officers of this institution, which succeeded to the business
of the Euclid Ave. Trust & Savings Bank (now in receiver's
hands), are President, Hon. Woi. H. Crafts; Vice-President,
I.
N. Pennock; Secretary and Treasurer, R. S. Thomas;
Assistant Secretary and Treasurer, Q. J. Provo.
opened
its
— The Cleveland
papers announce this week the purchase
and good-will of the Central Trust Co.
of that city by the Cleveland Trust Co., the latter being one
The three
of the largest banking institutions in Cleveland.
offices of the Central Trust Co. will be maintained for the
receiving of deposits, and Mr. H. D. Meseick, the Secretary
and Treasurer of the Central, will continue to be in charge
of the institutioa'a main office at 3 Public Square. One result of the purchase will be to increase the number of depositors of the Cleveland Trust Co. to almost 84,000 and
deposits to §18,000,000 or $30,000,000.
of the entire business
2369
bond department of the First National Bank, who was on
Dec. 2l8t elected Vice-President and Manager of the new
institution.
—Mr. Frank G. Hibbard, son of the late Wm. G. Hibbard,
has been chosen a director of the board of the Continental
National Bank of Chicago to fill the vacancy caused by his
Mr. Hibbard is Vice President of the wholefather's death.
of Hibbard, Spencer, Bartlett
corporation
sale hardware
&Co.
—The Oakland National Bank of Chicago now occupies
new and beautiful quarters at the corner of Thirty-ninth St.
and Cottage Q-rove Ave. It has
reception rooms for its patrons
ences in bank equipment. The
land National under President
extensive safe deposit vaults,
and all the latest convenisteady growth of the OakFoster's administration has
been noteworthy.
—J. Elliott Jennings, for many years connected with tb&
mortgage department of the Royal Trust Company Bank of
In the course of some remarks last week before the Chicago, has organized the Jennings Real Estate Loan Co.
Bankers' Club of Chicago on "Our Currency System and with $1,000,000 capital, and has been elected President of
Our National Finances," United States Senator ^William the institution. The company will do a first-mortgage bankB. Allison of Iowa said in regard to Chicago bank- ing business exclusively.
ing: " I wish to pay special tribute to the bankers of
—An item in one of the Chicago papers states that Mr.
Chicago, who, through every period of financial distress John Dupee characterizes the reports that he contemplates
and embarrassment, have conservatively and safely man- retiring from the firm of Messrs. Harris, Gates & Co. next
aged the great monetary affairs of this region of our March to be without foundation.
country. They have set an example that, as a rule, has
—Mr. A. N. Odenheimer, formerly President of the Citibeen faithfully followed by the banks that have come under
zens' State Bank of Eagle Grove, Iowa, was on Dec. 18th
their inflaence throughout these Middle States, and thereby
elected Vice-President of the Marquardt Savings Bank oC
have avoided the many shoals and quicksands that have enDes Moines to succeed Mr. D. F. Witter, resigned.
—
vironed us at times in the past. This conservatism of the
present and the past gives promise that in the future, when
monetary disturbances arise in other portions of our country,
tbese disturbances will be felt less in our region than they
will be elsewhere, because of this conservatism."
—The Central Trust Co. of
dividend, namely
tion
was opeued
1
Chicago has declared
per cent, payable Jan.
1.
its
first
This institu-
for business in July of last year.
—The appointment was announced
on Wednesday of Mr.
Lawrence O. Mtirray of the Central Trust Co. of Chicago to
the position of Assistant Secretary of the Department of
Commerce and Labor. Mr. Murray was born at Addison,
N. Y., in 1864, and is a former Deputy Comptroller of the
Currency. Later he was Trust officer of the Trust Company
of America in New York, but resigned to become Secretary
and Trust officer of the Central Trust Company of Illinois in
Chicago, which position he now holds. The nomination
will be sent to the Senate
when Congress re-convenes
in
January.
—The Chicago Stock Exchange
has voted unanimously to
place local bank stocks among the unlisted securities to be
dealt in on the board.
—Charles S, Brown, paying teller of the Chicago City
Bank, has been advanced to the position of Cashier, in place
of William J. Rathje, resigned. Mr. Rathje is organizing a
new bank to begin operations about April 1, at the corner of
Ashland Avenue and 47th Street.
—As
indicated in our issue of Dec. 12 1903, the directors
of the First National Bank of Chicago on Dec. 18th declared
a special dividend of 123^ per cent upon its $8,000,000 capital
stock, the
money
to be paid to the trustees of the
&
new
First
—At the
annual meeting of the Mercantile Trust Company-of St. Louis, held last week, Mr. George Wilson, Treasurer,
was given the additional office of Third Vice-President, inwhich he replaces the late Mr. Jonathan Rice. Mr. David'
Eiseman succeeds Mr. Bioe as a director and Mr. Henry Kinsella has also become a director, succeeding Judge Valle
Reyburn, whose term as a member has expired.
—
Acccording to local papers, the banking business conducted for the past three years by Minthorne Woolsey at
Selma, Ala., will shortly be turned over to anew institution,
to be known as the Selma National Bank the new bank to
have a capital of $150,000, which may later be increased tO'
The officers and first board of directors of the newf
$200,000.
institution will be
President, John Carraway
Vice-Presidents, A. W. Cawthon and Minthorne Woolsey Cashier, R.
P. Anderson and J. W. Castles, C. W. Robinson, E. J. Buck,
M. Leva and L. E. Jeffries. Mr. Carraway, President of the
Selma National, was formerly Vice-President of the Bank
of Biloxi and the City Bank
Trust Co. of Mobile.
;
:
;
;
&
—Early the coming year
New
Orleans will have a
new
This is to be the Tulane National. The new
institution contemplates taking over the Algiers Savings
Bank. According to the local papers, the same management
will be in charge of affairs, but the capital will be $200,000.
The Algiers Savings Bank conducts a branch in Algiers, and
this, it is thought, will be maintained as a separate institution. The New Orleans offices of the Algiers Savings Bank
have been removed from 618 Common Street to the Tulanenational bank.
Newcomb Building.
—Mr. John C. Wyatt,
Bank
Cashier of the International Exchange
of El Paso, Texas, is one of the principals in the organ-
Savings Bank, which was rec-ntly organized in the
ization of the National Exchange Bank of EI Paso, approved
This $1,000,000 .was paid
on Nov. 28. The oapital of the new bank is $100,000,
in by the trustees as the capital of the new institution. The
new banking institution, the Colorado Savings Bank,
board of directors of the First Trust & Savings Bank is
in Colorado Springs, Colo., on Nov. 30. It begins
opened
identical with that of the First National, and the officials
with
paid-up
capital of $50,000 and surplus of $10,000, the
a
of the new bank will also be the same as those of the
par value of SlOO each. The officers are Mr.
shares
having
a
First National and will consist of the following: President,
E.J.Eaton,
President;
Newton S. Gundy, Vice-President,
J. B. Forgan; Vice-President, D. R. Forgan; Vice-President
and
Bvans,
F.
P.
Cashier.
The institution will conduct a
and Manager, E. K. Boisot; Assistant Treasurer, R. D. Forgenerctl banking business.
gan; Aesistant Secretary, D, B. Webster. The posts of Sec—The capital of the State National Bank of Oklahoma
retary and Treasurer have not yet been filled. All of the
outstanding stock certificates of the First National Bank are City, Okla., was increased from §50,000 to $200,000 on Novemto be called in and stamped with the fact that each certifi- ber 15, at which time authority to do so was received from
cate carries with it one-eighth of a share in the First Trust the Comptroller. The surplus is $10,000, with undivided
& Savings Bank, the object being to preserve the control of profits of $15,000, making the combined capital, surplus and
the latter institution with the stockholders of the former. profits $225,000. The institution is officered by Mr. Edw.
The new bank will open for business Dec. 28th, being in H. Cooke, President; Whit M. Grant, Vice-President; James
L. Wilkin, Cashier, and George L. Cooke, Assistant Cashier.
charge of Mr. E. K. Boisot, at present Manager of th
Trust
interest of the First National.
—A
2370
THE CHRONICLE.
DEBT STATEMENT NOVEMBER
SO, 1903.
The following statements of the public debt and Treasnry
cash holdings of the United States are made up from official
figures issued Nov. 80, 1908. For statement of Oct. 81, 1903
see Chkoniclk Nov. 7, 1903, pa^e 1724; that of Nov. 80, 1902^
AM
Dee.
6,
page 1288.
INTKKKST-BBARING DBBT NOV.
1902,
Loan—
payable
Coupon
Rtgistered.
$
688,651,400
198,798.660
41,603,400
74o,o^e,^50 ll!i',*t6,400
4i Bofnnd'uoertlflo'e.Q.— J. 40,018,760
Q.—F. 162.316,400 P2.ias,860
4i. Loan of 1986
4,804.850
Sl.Loanof 1904
Q.—F. 100,000.000
I4ti< of
Q.— J
S», ConioU of 1980
at. Loan of 1908-1918.. Q.—F.
4». Funded lo»n, 1907..Q.— J
Jotai.
t
6S8.018.650
t
9,461,250
6ss,oi8,afio
AxR'te InU-BMrtnc Debt. 1.780.060,010 786,003 800
If
80. 1908.
Amount Outstanding.
.Amount
iMued.
mttrttt
96.824,960
'J7.4-*8,.SeO
48,680.400
161.186 800
S6.361,e6
30,180
118,489.900
3,ft49.«50
7,754,600
117 877,910
902.911 240
OTS— Denomtuatlons of Bonds are
Of $10 onl7 refundlDR oerttfloates Of $80 loan of 1008 coupon and
Of $S0 all lsaae8 except Ss of 1908 of $100 all lisnes;
:
reKlsteret?.
Of $600 all except Ss of 1904 coup. of $1,000 all Usncs;
Of $5,000 all reKiste'd8s,38 and 4s: of $10,000 all registered bonds:
Of $80,000 resist. 48 loan of 1907; of $60,000 reirlstered Ss of 1980.
DKBT ON WHICH INTBRB8T HAS CEABBD 3INCB MATDRITT.
Not. 80
Oct. 81.
Ponded Loan of 1891,oontinned at 8 percent, called
Mar
18,1900; Interest ceased Auffost 18, 1900....
rnnded Loan of 1891. matured September
Olddebtmaturedprlorto Jan. 1,1861
$88.200 00
66.760 00
1,056,980 20
1.086,970 86
$1,196,93026
$1,196,780 26
2 1891..
Oebtonwhlctalnterest has ceased
$88,800 00
ee,5S0 00
DBBT BBARING NO INTBRBST.
Dnlted States notes
$846,681,016 00
63,847 60
Old demand notes
37.8(>2,776 00
National bank notes— Redemption account
6,871,240 63
Fractional currency, less $3,376,984 estlm'd as lost or destroyed
Acttregateof debt bearing no Interest
$890,898.87913
,
RECAPITULATION.
Nov.
Olai§i)leaUon of Debt—
nterest-bearlnR debt
Debt, Interest ceased
Debt bearing no
$
eo?,91l,240 00
Interest...
Total gross debt_
Oaah balance In Treasury*.
Totalnetdebt
*
80, 1908.
I,li<6.7ii0 86
8P0 898,879 IS
t
906,277,060 00 Deo. $2,81*5.830 OO
21U o
1,196 980 86 Dec.
S»2,S65.913 68 Dec. 1,667.034 60
J.295."0e889 3a l,299.039,9f8 89
»09 237,4ii9 64
a78,e37.4C8 63
625.T694C9 75
Inc. or Dec
Oct. 81, 1903.
$
020402:0136
Deo. 4.038084 60
Deo. 9.8Bu,972 89
5,860908 39
Inc.
InolndlnR$160,000,000re8erTe fund.
The foregoing
figures
of 11,295,006,839 39
show a gross debt on Nov.
and a net debt (gross debt
30, 1908.
less net casb
in the Treasury) of $925,769,409 75
—
Tbeabury Cash and Demand Liabilities. The cash hold
Ings of the Government as the items stood Nov. 30 we have
prepared from the Treasnry statement of that date.
ASBKTS.
Irurt
LIABILITIBB.
Fund Boldinge-
Trust
Gold coin
$441,789.869
478,041,000
Silver dollars
8,716.609
Sliver dollars of 1890.. ..
Silver bullion of 1890... 12,71 l,«wl
.$931,)!0'i,860
Total trust funds.
certlflcatea
00
00
00
00
Sliver certificates
37.e«-t,940 oo
Silver certldcates
Silver dollars
Silver bullion
United States notes
Treasnry notes of 1890.
6.639.91800
898,275 00
1.168 978 08
2,8s7.3«5 00
4H,720 00
National banknotes....
Fractional sllverooln...
Fractional currency...
Minor coin
Bonds and Interest paid
f,ui8io6*
8,l0r),00S
$441,789,869 0€
473,011,000 00
notes of 1890.. 16,428.000 OC
Gold oertlfloates
General Fund Holdings—
Gold coin and bullion... $79.3i'>,774 82
Gold
Fund Liabilities—
00
W
114 S-i
4E4.673 (8
Treasury
ToUl trust llabllltle8. .ttai,20j.t)0t)
Oen. Fund I/<aMMti«»—
oo
National bank 6 per cent
fund
$18,118,08168
Ontstan ding checks and
9,007,698 71
drafts
DlsburslnR officers' bal-
ances
Post Office Department
account
Miscellaneous Item*,.
65.948.13883
4,509.68011
2.933.136 on
.
Total gen.
^^,5^4 8«
liabilities..
$98,511.0^* 16
ToU in 8nb-Trea8urle8.H')4 793 557 97
In Nat. Back Depositaries —
Credit Treasurer of U. S.$ 158.627.861 87
9,419.7058'
Credit U. 3. dlsb.offlcers
$l«8.0»7,0(Jo oo
banks
Total
In Treas of I'hlUpplne
Islands -Credit U. 8.
4.908.44515
dlsbnrsinK officers
Reserve Fund HoldingsGold coin and bullion tlSO.OOO.ono 00
Grand total
$ i,oM).U57 k82 80
m
.
.
Cash Balance 4 Besertie—
Total casb and reserve. .$369,287,429 64
Made up of—
Available .$219,237,489 64
and
Reserve Fund
Gold A bnlL$160,000.0 00 00
Grand total
$i,8ub,967,u32 80
[Vol. Lxxvii.
ance of trade will not be as greatly in favor of Argentina as
last year, firstly, because the Argentine people are spending
more freely, the imports into Argentina being decidedly
larger than they were 12 months ago; and, secondly, because
Argentine capitalists are buying Argentine Government
bonds and Argentine railway securities on a quite unusual
scale.
Hitherto Argentine capitalists, speaking generally,
have confined themselves to internal securities. Now they
are buying in London on a great scale. And European cnpitalists of course are likewise buying because the earnings
of the railways are exceptionally good.
At home also speculation Is reviving. Up to now the Argentine people have been very cautious, which is well, rememberirg the sufferings that followed the wild speculation
that broke down in 1890. Now, however, there is a boom in
land. One instance will show how the price of land has
been run up. A property which by one of the land companies was considered hardly sufficient security for £30,000,
has just been sold for £80,000.
Still there is little doubt
that the balance of trade in favor of Argentina will be large,
and that consequently a good deal of gold will have to be
shipped to Buenos Ayres.
The great activity on the Stock Exchange came to an end
on Thursday morning, when alarmist telegrams respecting the
relations between Russia and Japan were published.
In the
course of the day news arrived of the speech of the Japanese Emperor and on Friday morning intelligence was received that the Japanese House of Representatives iu its
address in reply to the speech from the throne, practically
passed a vote of censure upon the Cabinet.
Naturally,
this had a depressing effect.* Still the opinion is strongly
held throughout Europe that peace will be maintained.
The best evidence of this feeling is that there has
been no fall to speak of in Russian securities
It will
be recollected how
immense an amount of Russian
bonds are held in France and Germany. And if it was
at all probable that a war would break out, it is certain that Russian bonds would be sold on a great scale: and
yet, however, there has been no selling to speak of.
From
which It seems clear that both in France acd Germany there
is confidence that hostilities will be avoided.
On the continental bourses the course of events was very
similar to what it was in London. The first half of the week
there was activity; the second half a falling off, and for the
same reason. Although in France and in Germany there is
a much more confident belief in the maintenance of peace,
still the news is sufficient to check business.
In Paris the
Bourse has indeed been less active than in Germany, whether
it be owing to the strained relations between Rusia and
Japan or to the fall of the Villaverde Cabinet in Spain, which
has greatly disappointed the Haute Finance of Paris. In
Germany, on the other hand, business in the early part of
the week was exceedingly active. The feeling was very
hopeful, and there was an amount of speculation that has
not been witnessed since the crisis. The opinion of German
operators appears to be that war would benefit rather than
hinder Germany. For it is argued that Germany would
carefully keep out of the struggle, while Russia and Japan
would waste their resources, and possibly Eagland and
France might be involved in the conflict.
The payment of the last instalment of the Transvaal loan
has been made much more easily than was expected. The
Bank of England continues in complete control of the outside market, and no doubt will remain so for the rest of the
month. The belief now is growing that the shipments of
gold to New York will be so moderate that the Bank of
England will not require to raise its rate of diecouut; and
money is so abundant a^'d plentiful in Paris that it is hoped
that by and by some of the demand may be diverted from
London to Paris, Indeed, the great French banks have this
week somewhat increased the balances they are employing
in London.
The India Council offered for tender on Wednesday 60 lact.
of its drafts, and the applications amounted to 410 lacs at
prices ranging from Is. 4 l-83d. to Is. 4 l-16d. per rupee. Applicants for bills at Is. 4 l-82d. per rupee were allotted about
11 per cent of the amounts applied for.
Ine following return shows the position of the Bank tf
England, the Bank rate of discount, the price of oonsois. &i .
compared with the last three years
:
IFrom ova own oorreaponaent.]
/IrOBlatlOn
/•ublJO deposit!
1908.
D:e. 9
1902,
Dec. 10.
1901.
IBO"^
Dee. 11.
Dec. 12.
A
iC
«
«
29.212,135
11.09H,«03
89,243.670
7,986,He6
8!t,«84019
i8,i87,oio
87,046.7i4
88,863,305
7.6«6,620
28.765260
9,4045.":0
8'<,66»,45h
37.471,9.-6
S8,(-61?,2'3
Jtner deposits
London, Saturday, December 12, 1908.
i«,oiz,8S3
i7,*74,h78
I9.0i6,^27
Sovernmaniseoarltiet
2«,i';3.«!?8
27,t78,l8b
85,237338
During the first three days of the week the Stock Exchange Ttberseonrltiei...
i9,o8466J
£0,tii<2.40u
v:i,007.i47
•^:^,',i^:.^i^
ttMerve Of notes and coin
was very cheerful and some departments were exceedingly aoinAbnillon.bothdepartm'tt i!0.i0&705 8l,6i<7.407 S5.i8o,v<iu 31.103,333
ii}4
48 11-16
Prop.reservet
liabilities. p. 0, 45 1-16
*1H
*
active. There was very powerful buying of South American Sank rate
4
percent.,
4
„. * .„
7-16
V26-I6
ss;;^
92916
97
aon«oli.8M percent
securities in particular, Brazilians came in for strong de- Stl^r.. .7.7... '..;.. 7......
-42^..
29 18-160.
«5 6-16a.
25 6 i6d
i67,775,ooo 171.8W,000 i62,4«y.or>u I89,6i8.u00
mand from the Continent, both France and Germany buy- llaarliiB-Hoai* ratnrni
&
Abell
write as follows under date of
Pixley
Messrs.
The Argentine department was still more
ing largely.
Dec. 10
Last year
active. The country is doing exceptionally well.
Gold— The arrivals of bar gold this week have been small and quite
Argentina
larger
than
ever
before. Insufllcient to All the requirements of the United States. In addition
were
the exports of
taking all the bars in the market, the States have withdrawn £215,The balance of trade in consequence was so greatly in favor to
oOO In Boverelvns, and have bought £31,000 In eagles. Further withof Argentina that the country imported and kept 9 millions drawals have been made of £300,000 for Egypt, while on the other
This year
believed that the crops will
be Btill belter, and prices are all good. Consequently the
wealth of Argentina ii rapidly increasing, Possibly the bal-
sterling in gold.
it is
th*) Bank has received £.500,000 In soverelgod on acoonnt of the
India ConncU, thus nmklng a net loss on the week of £4 1,000. After
touching 78b. 0>ad. the price Is now 78e. For the week— Arrivals;
Bombay. £126,000; Cape. £139,000; Australia, £20,0000; West Indies, £ 10,000; Chile, £1.5,000; total, £310.000. Bhlpuients: Bombay,
hand
..
.
Dec.
THE CHRONICLE.
26, 1903.]
451,500; Oaloatta. £11.250; tota), £62,750. For month of NOTember-ATTlvaU: Fraooe. £6,000; Sontb Africa, £1,043,000; East Indies,
dleo. £211,000. Shtpmente: Frauce. £320,1 00; Geriuany, £130,000;
East Indies, £308.000; Egypt. £1,200,000; U. 8. A.. £1.548.000.
Silver— There baa been a further heavy fall In silver during the
week, due rartly to selling ou Indian account and partly to realization by weak holders of silver vrhowere disappointed at the abstinence
of the Indian Government. America, without being a large seller, has
been ready to meet the demand at every level. We fell as low as 25il
cash and 24) i,,.,d. forward, but have since recovered part of the fall
on bear clORlng and to night we quote 253K-,d. cash and 25d. two
months, with a rather dull tone. Indian price Ks. (>3>4. For the week
ArrlvaU: New York, £205,00C; West Indies, £47.000; Australia,
Shipments:
Bombay,
£9.000; Chile, £1,000; total, £265.000.
Calcutta, £22,500; total, £rtO,500.
£63,000; Colombo. £5,000;
For the month of November- Arrivals: Germany, £11.000; France,
£121,000; China, £33,000; U. S. A. £740 000; East Indies, £41.000.
Shipments: Germany, £37,000: France, £71,000; Catna, £9,000; East
Indies. £1,108,000.
Mexican D»llar8— There la no baslnesa to report In dollars. Shipments to Bombay, £66,300.
—
©ommcx'cial and BXisccllancoxvsMcttrs
DIVIDENDS.
Dec.
Dec.
10.
3.
.
Belt RH.
do
Bostuu
Gerai'n gold coin. OB.
Prenoh gold oolD.oa,
Japanese yen
o*.
'Nominal.
Dec
3
Dee.
10.
d.
*.
d.
6V
6V
The following ahows the imports Of oereal produce
intc
the Jolted Kingdom during the fourteen weeks of the
eesson compared with previous seasons:
Line
AniJni)oliH Hhort
<<b
<&
Book* Cloted.
(Dayi ItioUuive.)
do
do
Maine, com. (quar.)
&
4
m
pf. (qn.)
1*4
l>a
1>«
1
Canada SotUliern
Chic. B. I. <to Pao. Kailiray ((juar.)
Clu. Ham. <& Day., pref., .A. and B (qa.)
Clevo. Uln. Chie.
Ht. L., preC. (qiiar.)
Cnmberlaud Valley (qnar.)
MlchlgHU, pref.. guar. (qn.).
Dayton
Detroit Mlllsdalo A Soathwent
&
11.1
2
2
&
A
A
a
Iowa
fan 16 Holders
Jan 29 Holders
Jan 2!) Holders
Jan 20 Jan 1
Jan IS Holders
3
2H»
l**
Phila. Baltimore* Washington
Plttsb. Ft. W. <Si Clilc, sppo. guar, (qn.)
do
do
do
reg. guar, (qn.)
Portland
Rnniford Falls (qnar.)
8tr<>et Rallwnra.
Deo
1:
Jan
5I
Jan
Deo IBiDeo
2
I-'..
1^.1
&
I'll
m Jan
Jan
N.J
Falrhavou & We.stv.. N. Haven (qnar.) lio
Manchester (N. H.) Tr., L. & Pow.(qa.) I'll
Philadelphia Co., Plttsb., com. (qnar.)
I'v
Presidio <& Ferries, 8bu Fran, (mthly) 20c.
Banks.
Bank of America
Bank of the INIanbatlan Co
Bank of New York, N. B. A
1903-4
1908-3.
1901-2.
1900-1
Imp'ts Of Wheat 0Wt.S6,483,609 24,899,364 18,261,400 21,475,900
Barley
12,660,641 12,290,040
9,464,800
7,474,300
OatI
4,500,427
5,178,544
5,515,000
6,740,500
504,319'
Peas
793,999
566,800
814,530
720,775
624,940
Beans
837,108
657.900
^
9,337,272 11,059,600 14,080,700
16,137,378
Indian corn
5,696,246
6,355,700
6,247,300
rionr
~.,»-^ 6,662,723
Supplies available for oonsumption (ezoluslve of stoob
00 September 1):
1902-3.
1903-4
1901-2.
1900-1.
Wbeatlmported.owt. 26,482, 609 24,899,864 18,261,400 21,475,900
6,355,700
6,596.846
6,247,300
6,662,723
Imports of flour
7,0S0,994
8,791,844
7,229,173
lalBBOf home-grown. 6,080,122
^
39,126.454 87,585,604 33,408.944
S7b. 10.
25b. Id.
Avar.prloe wheat, week. 268. 8d
Average price. Bea8on.S7B. Id. 126s. lid. 26b. 41.
Total
The following shows the quantities
maize afloat to the United Kingdom:
Wlieat
near, eqnal to
Valie
34,952,373
27b.
28s.
OO.
Od.
of wheat, flour
am
This week.
(irs... 1,465,000
ja$fujeeit.
1902.
1901
1,370,000
2,180,0O(
815,000
840,000
310,000
835,000
1,825,000
865,000
qra...
ars...
446.000
255,00
706,000
iiKllak Financial Maricacs— Par Cabla.
,
Sat
IjOITDOH.
25B8
liver, per ounce
OonBOl8.,new,8\ p.ots 88I9
^ 8858
For account
»r'ohrentefl(lnParlB)fr, 97-75
d.
Anaconda Mining
Ateh.Top.
ih
3-^8
Banta Fe.
Preferred
Baltimore <b Ohio
Preferred
...
70
95I9
8II4
91
123
Canadian Paoific
ObeaapeakeA Ohio.... 34
16'«
Obloa. Great Western.
Paul... ll7i«
Den. A Bio Qr.,oom.... 221,3
do Preferred 751*
Do
ne, common ...... ..^ 3038
70i«
Ist preferred
52
Sd preferred...
I33I9
nilnolB Central
Louisville A Nashville. UOifl
OUc.
BCll. <b Bt.
Mexican Central
Mo. Kan, A Tex., com..
10
1854
40
Preferred
National RR. of Mex.—
38^2
iBt preferred
m. T. Oent'l A Hudson 122i«
Y. Ontario A West'ii 22^
59^
Vorfolk & Western
91
do
pref
Do
Bforthem SectiTltleB.... 92
60 '^
Pennsylvania
2^79
Phlia. ABead
40
*Plilla. <k Bead.,lat pref
i>l
*Phlla. & Read., 2d pref
.
Bouthem Paolflo.
. .,
South'n Railway com.
,
Preferred..............
anion Pacific
Preferred
(7. 8. steel Corp., com.
Do
do
pref.
Wabash
Do preferred..
Do r)«b. "B"
*
Price per share.
...
Man.
Tuet.
Wed.
25 k
25lii«
25%
88i€
88^
97-60
3%
69^
95^
Thurg.
88I4
88
8838
88ie
97-5711 97-62i« 97-5713
8818
SaH
3%
3%
6913
691a
95
95
70
95 14
80%
Sl'4
8II4
8II4
91
91
91
91
I2214
12214
3414
1614
12214
12218
341a
16
147
147
22
34
I6I4
147 J*
22I4
751a
30^
7038
52>4
133»9
Fri.
2613,6
2138
74i«
34
161a
74%
30l>8
30 <a
70
62
70>4
52
6
52
134
40
40
39%
40
38I4
1221s
381a
1221a
38
37
jJ
1221a
1231a
22Sb
5914
22^
22%
23
59<»8
69i«
5914
91
92
61
90
92
91
92
2308
231a
60%
61
2338
401a
31
491a
2178
8013
40
31
40
31
49J4
2II9
4914
2138
49i«
2218
4914
2II4
80
81
91
80
80
80%
SO's
80%
80%
911*
91
91
90
IIH
III4
seia
11
66I4
lli«
21
38
20 Si
38
20ia
63
63i«
6jia
1138
67 Sg
57
20%
20%
38 1€
63
38
63
&
Distillers' Securities
Dominion
do
Teleg. (quar.)...
Corp'n (quar.)
Coal,
com
do
pref
Iron, pref
Empire Steel*
Hall Signal, com. tquar
Mexican Telegraph (quar.)
Standard Coupler, com
do
do
pref
Stetson (J. B.), com
do
do
pref
Sweetser, PembrookA Co., pref
tTemple Iron
tJ. 8. Mortgage & Trust
Va. -Carolina Chemical, pref. (quar.)...
Wells, FarKO* Co
do
do
(extra)
West. Klec. & Mfg.. all classes (qnar.)
t
57
38
Jan
Jan
25
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Jan 8
Jan 3
Jan 1
Jan 1
Jau 8
Jan 1
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
26
to
Jan
1
27
16
to
to
1
27
32
to
to
Jan
Jan
Jan
Jan
24
to
Jan 12
27
to
38
27
26
24
24
23
24
23
33
24
24
19
23
33
23
23
23
23
23
25
19
24
24
to
to
to
to
to
to
1
1
3
20 Holders of reo. Jan 9
30 Holders of rec. Jan 9
to
Jan 20
21 Dec 30
to
Jan 15
16 Jan 2
36 Holders of reo. Jan 15
to
2 Dec 28
Deo 31
to
Jan 7
7iJan 1
to
1 Deo 27
Jan 1
26 Jan 16
to
Jan 26
to
4 Deo 25
Jan 3
to
Jan 3
4 Dec 26
IDeo 26
to
Jan 1
to
Jan 8
m'Jan 1 Deo 29
to
Jan 13
14 Jan 1
2<i2 Jan
to
Jan 3
1
Dec 81 Deo 26
to
Deo 31, Deo 26
Jan S
to
Jan 16
Jan 15 Jan 10
to
Jan 16
Jan 16 Jan 10
to
Jan 21
Jan
2 Deo 31
1 Holders of rec. Deo 31
Jan
Deo 31 [Holders of rec. Dec 2Q
to
Jan 16
Jan 15 Jan 1
to
Jan 16
Jan 16 Jan 1
to
Jan 16
Jan 16 Jan 1
to
Jan 11
Jan 11 Jan 1
Jan
Jan
Jan
Jan
Jan
2^ Jan
l>a Jan
1^4 Jan
1
Jan
8 Jan
4 Jan
1
Jan
1
1^4
1>4
11^
Payable to holders of certificates of beneficial
in
Bonds and
2314
80
do
(extra)
American Locomotive, pref. (quar.)....
American Woolen, pref. (qnar.)
Bell Telephone, Phlla. (qnar.)
Bliss (E. W.), com. and pref. (quar.)...
Central & 8. Amer. Telegraph (quar.).
Legal Tenders on Deposit
60%
of reo.
3
do
10
40
31
Jan 15
Hlaeelianeona.
American Cement
UOia
91
92
Deo 14
to
Total
of,
and
in Deposited
Bonds, Etc.— We give below tables which show all the
monthly changes in Bank Notes and in Bonds and Legal
Tenders on Deposit. The statement for Nov., 1902, toill be
found in the Chronicle of Dec. 6, 1902, page 1237.
741a
3038
701a
18
to
of reo.
I
Bank Notes— Changes
148
21 79
<
M
181*
6
Deo 31
of reo. DeoSl*
of reo. Deo 81
of reo. Jan 0*
to
Jan 30
of reo. Deo 31
9
Jan 16 Holders
1 Holders
Feb
Deo 161
10
'Transfer books not closed.
1031a
10
I8I4
110
10
Jan
to
of reo.
Interest.
134
1091a
10
18
133ifl
Deo 81
Jan 8*
Jan 4
Jan 5
Jan 20
1
2'Deo
Jan
2 Deo
Jan
Dec
2
S Jan
Brooklj-n. Brooklyn
2 Deo
3*12 Jan
Central National
2 Dec
4 Jan
Chatham National (qnar.)
2 Deo
4 Jan
Columbia
a Dec
4 Jan
East River National
2 Deo
4 Jan
Fourth National
3^ Jan 2 Deo
Garfield National (qnar.)
Deo 31 Dee
3
do.
do
(extra)
8 Deo 31 Deo
German Exchange
2 Deo
7 Jan
Hanover National
3 Deo
5 jJan
Importers' <fe Traders' National
10 Jan
2; Deo
Irving National
2 Deo
4 Jan
Iieather Manufaotnrers' National
Jan
3 Deo
do
do
do (extra)
1
Jan
2 Deo
Mannfacturers' National (Brooklyn)..
2 Dec
6 Jan
Market* Fulton National
2 Deo
S Jan
Meoh.-iniC8' & Traders'
2 Dec
4 Jan
Merchants' Exchange National
5 Jan
2 Deo
Nassau National, Brooklyn
6 Jan
2 Deo
do
do
do
(extra)
2 Jan
2 Dec
National Bank ot Commerce
2
2 Deo
Jan
National Bank ot Noith America
4 Jan
2
Oriental
6 Jan
2 Dec
Riverside (quar.)
2
2 Jan
Seaboard Natienal
2 Deo
3
Jan
Second National
6 'Jan
a Deo
Union, Brooklyn
21a Dec 31 Dec
Wallabout. Brooklyn
319 Jan
2 Deo
Tmat Companies.
Standard
Deo sol Deo
Washington (quar.)
2 Deo
Jan
Fire Insurance.
Hamilton
Jan
Cumberland Telep.
The dally closing quotations for securities, eto, at London
are reported by cable as follows for the week ending Dec. 25:
to
to
ISlJan
!
IMrOBTS.
to
of roc.
to
')
2
3
3
4
Western, prof
I.ako Shore ife Michigan Southern
Mlohlxan Central
Missouri Pacific
N. Y. Central & Hudson Blver (qnar.)
Consolidated Traction of
Jan
a'
Jan
Jan
1
Jan
1 Deo
2
Feb
1 Holders
Jan
6 Jan
1
Jan
5 Deo 30
Jan 20 Jau 10
Jan
1
5 Deo 10
Jan
Jan
Jan
1 Holders
Jan
8>9
Stk. Yds., IndlnDap., com..
iDillaua Illinois
d.
<t
Bar stiver, One... 01. 2f3je 26>4
78
78
Do 2 mo. delivery 25
76 7
76 7
2513,8
76 6^' Bar silver, oontaln'g
76
do 5 grs.gold.oa. 251 i.g 26%
76 6h' 76 6:'4'
76 6^' do 4 gre.gold.oB. 25 ^ 26»,e
76
do 3 grs.gold.os. 2£''io 26%
Oake silver
oz 27ie 285,0
Mexican dollars. .oz 2d'
24V
(.
ob.
Bararold.ane
U. 8. gold coin. ..02.
SILVBB.
London Standard
Ctni PayaiUl
Rallraods (Htonm).
Bait.
Lake Erie
QOLD.
London Standard
Per
ifam* of Company.
Granite
Ihet^aotadons for bullion are reported as follows:
2371
Circulation A/loat
Under
1902-03 for Bank Oirculation.
Bonds,
H
9
Nov.
384,625,930
Oet 31.. 382.726,830
Sept 30.. 881,484,830
Aug. 31.. 331,486,480
Jnly 31.. 380,173,030
June 30.. 375,347,270
May 31.. 367,827,920
Apr. 30.. 352,696,120
Mar. 31.. 342,160,770
Feb. 28.. 342,164,670
Jan. 31.. 342,903,520
Dec. 81- 844,252,120
30..
For
Dec.
Legaltenders.
9
!
Legal-
Bonds.
ten itrs.
9
9
38,088,495 383,018,484 38,088,495
38,959,862 380,650,821 38,959,862
40,910,7111 379,516,824 40,910,711
38,511,658 380,076,322 38,511,653
39,739,661} 377,606,826 39,739,661
41,375,242 372,296,408 41,375,242
42,856,218 363,586,98 42.856,218
43,587,373 347,564,355 43,687,373
44,169,444 338.349,814 44,169,444
44,138,484 338.660,361 44,138,484
43,385,607 340,587,939 43,386,607
42.801.940 342,127,844 42.801.940
Total.
9
421,106,979
419,610.683
420,426,535
418,687,976
417,346.487
418,670,650
406,443,205
391,151,728
882,519,258
882,798,846
883,973,546
384.929,784
full explanation of the above table see Chronicle
page 1233, first item in Financial Situation.
14, 1901,
THE CHRONICLE.
'2312
The foUowine shows the amonnt
of each class of bonds
held against national bank circulation and to secure public
moneys in national bank depositories on Nov. SO.
V. 8.
Bonds Htld Xov. 30, 1903,
Bonds on Deposit
Bank
Fublie Deposits
%n Banks.
Xov. 30, 1903.
f 74 1,300
4,764,200
9,711.580
7,036,820
105,511.900
8-€5BDl8t. Col., 1924...
Stated City
PhUlpplne Isl'd CertiTB
925.000
23.898,170
Seeure-
total Held
Oireulation.
S p. Ota., 1894, dae 1904
4 pep ots., funded 1907..
4 p. ots., 1895, dae 1925
8 p. ot«.,'98, due 1908-18
5 p. otA., 1900 due 1930.
to
$718,650
6.000,000
$1,459,950
7,251,400
10,956,650
8,744,400
483,979,300
925,000
23,898.170
6.000,000
•158.588.940
$384,625,930 $543.214.«70
2,487,200
1,245,100
1,707,580
378,467,400
Government Revenue and Expenditures.—Through the
oourteay of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Qovernment
receipts and disbursements for the month of November.
From previous returns we obtain the figures for previous
months, and in that manner complete the statement for
the eleven months of the calendar years 1903 and 1902. For
statement of Nov., 1903, see Chronicle Dec. 6, 1902, page 1237.
RBGHIPTSAND disbursements (000
^
The foregoing does not include the bonds held in the
New York Sub-Treasury against deposits in banks. Theie
were so held on Nov. 80 $10,410,000 bonds, making the whole
amount at that date in possession of the Qovernment as
security for deposits |168,998,940.
The following shows the amount of national bank notes
afloat and the amount of the legal-tender deposits Nov. 1
and Dec. 1, and their increase or decrease during the
month of November.
yational
Amount
Amount
Amount
afloat
Nov.
1,
1903
Issued during November
retired during November...,.
lr.cS
55
Lei/al Tender
mot
O^w
oaoos f
i»«a4r^ <s
,
'*»
g.
00
9
•^
The portion of
1,
odC'V
MX'*
»fHC4'«
oatio
a»
;^
&
871,367
to
ing insolvent, (2) by oanks going into voluntary liquidation,
and (3) by banks reducing or retiring their circulation,
waa as follows on the first of each of the last five months.
OI(N
C»'*!D
calico
r.cao«
0«CN
OJOJCC
Ja
r.i
rHCCt-
IOsX>.-l
ofooco"
oct
a
^
ccva
«
-»toc
ODMCB
0-h9»
00
l•m
o»(S»
•OC
09
4)
«&rHoao
.-c»IO
oa
M--
Vl^
f4C3>CS
tCSCD
»H
f-CHOt
CM CM
csioa
.-c
.-c
vessa
0UO50
acM
01
o»
t»
»
a
X
a x> a ^d
^
COCOOXCCM
XOCD.-c«9( «
K>coxn»3f ^
M.-<IQr.caO
xoiootva X
OJXt- — .-C-* <c
a
00 1^ to ^ r- cX
kja mc-xa n
X
t- X X I- a m
ea
Xt-lO
«
rH
3joaacnco
.-*
.-t
.-(
T-C .-<
nnooomao
w CD • lo 00 a
^a<o
<o
c-
at-cD'*eof
COWf-O
rf
•v
C*OC-03
0<0-'--TfC
oxcooonzi
acDio — 00 fH
--
1
.-*
T|i
to
-*
.~t
Deposits by—
.InsolT'ntbka.
£ept. I.
Oct. 1.
Dee.
Nov. 1.
9
$
539,448
584,198
oa
•
424,935
470,268
504,493
1.
*
aac-xoo
m
E-noxxt- X
oKcoaxK
m
oaica iH
^
OS
xxa
c-co-^
a
.dic-ot-aa a
at- -c-w
xo
ax
o<o 00
aa
axa
vo-^at^m
axxxo
can
na
•^r.c
lom
eom
an
030
Ced'c'gund.*!
act of 1874. [26,800,994 25,726.840 27,722,516 26,560,981 25,802.678
Stock op 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, 1903, will be
found in the Chronicle of Nov. 7, 1903, page 1728.
>-Stoek f Money Dee. 1.—.
,~Monevin Circulation.-^
190S.
State*.
tBetd in
Ireaaury.
•Gold certlflcates
Btandard silver dollars
•Silver oertlflcatea
Subsidiary sliver
664,739.238
10P.286,si6
16.4'8.000
Treasury notes of 1890
846.681 ,016
United States notes
June8,'73
Act
•Cnrr'cyceri..
481.106.979
National bank notes
Total
Population of the United
latlon per capita, $30 21.
Dec.
Dtc.
1,
1U03.
1,
190a.
s.ibe.bbfl
$
027.025 092
104,070.029
80.79H.9«W
i6H,50 1,083
97 laO.806
16381,280
e3.0H2 fcH.S
21,922,515
2,3tt7,366
841.298.661
313.7»53,£ll
^oldcoln(lnc.burnlnTreaa.)1.898.107,7S« 867,011.716
7,438,193
8,111,361
«
681.110.968
845,V62.0!J4
7H,700,012
tes.soi.i^io
118,96S,ei8
371.552,496
QD CQ
con
oa
ril» ao
oaio 0.1 m
f»
•138.627.351 07.
Treasury Currency Holdings.—The following compilaon official Government statements, indicates the
tion, based
ourrency holdings of the Treasury on the 1st of September,
Statement fo^
October, November and December, 1903.
corresponding dates in 1902 will be found in Chronicle o;
page 1836.
TBEABUBT NET HOLDINGS.
S«pt-l.l»03 Oct- 1,1908
Holdingt in 8ub-Treaiuriet-
Nov.UlWt
Dee. 1,1908
MetKold coin and bullion
Net silver coin and bullion
Net U. 8. Treasury notes
Net lesal'tender notes
Net national bank notes
Net fractional sliver
263,802,871 i!60.7l4,05H 288,892,307 267,011,715
8,587.166
28,524.316 22,961.412 16,^n,133
93.8it
4e,7i!0
i6a.7t*a
119.746
5,7l9,67S
2,887,366
11.808,448 10.802,241
in,87'e,l«5
8,141,361
16.6^0,»3"
1»,:<09.0«6
8.100,009
7,1:61,871
T.»68,2e6
8.fa»«.276
Cash in Sub-Treasuries
Cashin national banks
881,349,704 317,609,612 2-8,646.674 J91,2P0,''38
15a.;n7,777 iei.778.z>'e lt57.3i9.H)l 168,047,061
4,80^,446
1,670.2
8.609.367
8.422,901
Cash in Philippine Islands
Cash in banks. 8ub-trea«..etc. ,477.080,382
Dadoci current liabilities.*.-- 93,689,671
4S2.1'97,V;ej 470.647.020 467,aiB.842
93.530,0bl
92,009,617
88,008,41vi
I
Oold reserve fund..
Available cash balance.
*
fl83.450.711 iJ89.417,lH4 87^.6^7,403 ^69,237.180
!l60.0OU.00C 160.000.OOC 160,000,000 160,000,000
,'2S<.4B0.711 83(1.417.184 22-<.687.403 219,287.430
"CaietlT disburslutf omcers' baluncei."
QQ
B
ftc
o
:
.
•
:
.
:
o n
—
o
HO
HO 5sg
•
•
•
-
•
i-
OS
o
ma
b—
g-:
Sm'a
.
-
.
.
-
.
-
* *>
*
gg :5§S
5— nj^sS®
:
— S «>
So^z^e-cS
i
t>
:
fe :
• «
PL.
Fcg
gaH
M
:
•
o>
o
aa
<
p :
a
9
> o
-S
P<
r-c
fl
fc.
Hoo
Oaa
^
«
na
00
.Hr-C
«T3
B OO
BB
MSo
0)
®
PQ
.00 OD
a Ba
BS
°
»*
tt9
'tied OS
o
55
2:
National Banks. — The following information regarding
national banks is from the Treasury Department.
NATIONAL BANKS OHQANIZBD.
Certificates lasued November 30 to December 9, 190S.
7.049— The Henry National Bank, Henry Illlnola. Capital. $30,000.
Jullns Wat eroott. President L R PhtlUoa, Ca*hler.
7,050—The First National Bank of Hartahorne. Indian Territory.
;
Capital. $'.25,000. J. D. Chastaln, Pre.sildent; J. P. Grady,
Vice President, and C. R. Birnbaum, Cashier.
7,061—The Citizens' National Bunk of Lansforrt, Pennsylvania. Capital,
«50,000.
Thomas
J.
NuBbauna, President;
,
Cashier.
7,062— The Texas National Bank of Dallas, Texas Capital, $250,000.
W- C. PadKltt. President; W. ft. Soarff, Vlfe-Presdent D. E.
Grove. Vice-President; J. W. Blake. Vice President and
Cashier B. O. Barrier, Aselatant Cashier A. O. Wilson, As;
8.742,299.781 293,131.363 2,449.168,418 2,352.710.168
States Dec 1, 1908, estimated at 81.061,000; olron
•For redemption of outstandlnu certlflcates an exact equlralent In amount
of the appropriate kinds of money Is held In the Treasury, and is not Included
In the account of money held as assets of the Government.
t This statement of money held In the Treasury as assets of the Government does not include deposits of public money In national bank depositaries to the credit of the Treasurer of the United States, and amounting to
Dec. 20, 1902,
r-c
HB
*Aot of June 20. 1874. and July 12. 1882.
In the Dntted
<p
a
o
a
So
1
139.789.661 88.M1.653 40,910,711 38,959.862 38,088,496
:
:
I
Xilquld'g bks. 12,354,469 12,245,365 12,683,702 11,928,613 11,860,882
Total
a
na
«o
•a
xn
9m io«
wo
a
a
X
^
o
axio
.^
00
I
o
O
—
—
««
•* —
00
—
oa
0.-C coa
«« a —
t»
I
Aug. 1
L«aal Zend's.
rca
«CD • —
«t- M-c
.-10 n<c
•Ha an
acOC- AIO03
r06
CO
e«
cso
.-c
-^
«3
t»
osac-Tjcca
*« jooooen
cooor- ai^OD
OJfl- oo»
cn
OD
01
a
a
coat- CO CO
rH
a
.-^ at^
.*
t»
oxo
0^
.—
CD
r-CMCOOCO-tf
*
X,HXX.Ht»
•*
^rt
on
m»
0,09
aa
X
-<
a
^
_
O03
coacDot->a
o-« CDCOaoD
r-c
eo«
«a
atoa
»IO ««
«-
a CO ^xxa
oa
««
1
eOXTKDlOX
t-XO«CO CO
XXU3
.-co
t-r<
•ecu
.-1
CO
»a
coo t-«
t- 00
TtC
03,CS
aoiO'«
aoa9i>
o>
•--«
a
a
••
.-COO
r^
OOOCO^t- t"
w
000 e*
m-t
-< 10
ac»c--^oQ-<
>o
<o
O)*-*
ei>e«-.
• 0003
-
,--...
CM
.-oa
rv
.-c
a)®i-
a 00
a. 00
~ CD CD
1- —
a
a
• « 03
00 a CO o«
O
^
i~ ooea
CO
t- en «
M
t>
»
ococootf^ a 00
03X cc 1* a 10
'WCDO
•*
10 <0
'
t-Xf-WCCO
00
00
03
a
^r^
^•w c-r.-co oc«)0 ««
'«a a»^
QD
00
*
*ft-.H.H05
•«•
ec»
CO
•«
^N
Ax
•^
a
0.0
a
*
oo
0)
$38,088,495
by banks becom-
I- a> 10
00
c-00
OJ^-.
1
legal tenders deposited (1)
a-waoc-a
mot-t-fd
OS
«
*
—
m
O*
.'MO OS
^
mT-aa<3>
e0 30C9
0
^
e» —
$792,798
1,664,166
«>
r.ca
CO
a
•<»
00
-^CDt-
CO
•^
10
.-c
.-i
am
am
aat
ccc>» a«
00 a«s
03
1
la
<0
-* x>cn
«•»
I-
Oct
CD
.-
a
^a
w« co'-'
aa
men om
aot isie
•>»
W.-CD — r-IO
.-^
W
-waaiootxa
at
.-c
—1
a-CD - 03r1
woaacocfH t- ct ^oa
iH
CO *
CO
'"
10
OTC-^C-O
.-•r^^eooa
aeD«^CQoo
aODOD-^CO
^^
0-
T^
<*i
etaoat
0«r-
^
01
rH
00
.•
V
*
«
(M
—
ounao
«)«»I^V wC-
-«C4C-^0^
0«
*
^
1
^>«
<o«
a s}
L- ^ '- oa
^ «^ 00 *
aoaaoxas
a
O'*
^ 00 X) !0 t-
10
<z>
o»
»eoao
-efc
CO^lO
-
"^rm
l-'OC
r-«
l-C
aoQoc-^-"
tOlOIX)
moQS
ulO«
«t»^
—
10
00
•'*'-"'
03>'W
Q
« » t(xt-— t»IO®
X
aa«J
,i>
00 1*
»0
w-Hia
co^
,-t
aoDt-
o»-«oo
,-(0<n
i^isoo
—
t.»
00
0)
,H
IS
QOODOO
<»e»r.
(M
•*
OcfX - CO
Oaai.-^ w
o
<I"
9)C9
.-*
o«'*mit-r.
I
— -00 a
okjaejao f
— CD •
CC t- •»
ooc-o»f
— «.mO«(N CO
KJ
.-<
00
3S
.-H
r.<aooam a
CM ooo^c:«o)
C——
.#
CV L^
CO A
00
MULtioU
OOt-IO
03
•w
y*
^,-t
-9.^ metfjo
nc>io
00
a
U^OQJCCUaO
oe»«o«e»j,-i
taaoocon-v
cDsn
0« —
0
f.J10
^<oo
».-cSlO
^
a
"3
•^
SJ
banknotes Deo.
•w
••
<M
5t
redeem national
1903
eaoict
ejr<
a
$38,959,862
eov
C«(M
000
naco
•f
1,496,296
Amount on
Amount on deposit
r^
-
$419,610,683
Notes—
deposit to redeem national
ban^ notes Nov. 1,1903
Amonnt deposited darlnt November
mt. of bank notes redeemed In Novemb'r
CO
CO
i.
$421,106,979
,
a
noea
OOC*co
^C^OOM
I^CDOCS
rHOlO
$3,734,750
2,238,454
Amount bank notes afloat Deo. 1 1903.
09
!0
ODc-oa
OS
^
t-00^ n
••I*
«»
»o
o»i- m
91 com
a
met IS en <D
»«.» ^
^
CQ
--5
C
Bank yotes— Total afloat—
<=>««
<r -OD
i^xoooa
*
loaco a
— V gp
loxc a
r^
10 CO 03
0»M
«
OOOCN a
00 91 CO
a
V JUCN
oooeQ «
rr
o» —
«l-CN ^.
tfl-ta
t-T»« m
«>io«
.
•
Total
[Vol. Lxxvir.
;
;
sistant Cashier.
7,068—The Citizens' National Bank of Calvin, Indian Territory.
Capital, $25,000. O. C. Atwood. President; A. P. Selsor.
7,054—The First National Bank
of Stonewall. Indian Territory. CapiPresident; W. E, Mooney, Cashier.
Bank of Bloomlni? Orove, Texas. Capi7,055—The
M.G. Young, President; B. F. Harlzell, Vloetal. $25,000
Presldent; R. H. Loyo, Cashier.
$25,000.
Citizens' National
tal,
,
7,056 -The AtKlen National Bank. Atglen, Pennsylvania. Capital.
$40,000. T. J. Phillips. President; Wm. 8. Hastings. VicePresident; Horace L Sklles. Cashier.
7,057— The First National Bank of San Pedro, California. Capital,
Cashier.
$25,000. A. P. CuUey, President;
,
—The directors of thf> American Woolen Co. have declared
the regular quarterly dividend of \% per cent on the preferred stock, payable Jan. 15. This is the 19th consecutive
quarterly dividend disbursed to preferred stockholders by the
company, amounting in the aggregate to $8,650,000.
Anotion Sales- ^y Messrs, Adrian ^. Muller
Shares
50
<fe Imp. Co.
3 Clinton Hall Ass'n. .51-55
50 N. Y. Phonograph Co. IOJ4
4,000 Gold Beffs Co.. Llm.) ^,q
3,180 Montr'lLond.GoldcS.-; T'°
8ilv.Devel.Co..Llm.> ''"^•
?20
10 Lincoln Trust Co
60 Irving National Bank 224
2 U. 8 Tr. Co. (ex-dlv.).l49«j«fl
25 Bowling Green Tr. Co. 200
10 Broadway Trust Co. ..142i2
4 Foartb National Bank.205
100 N. Y. Exp.
.
& Son
:
Shares.
300 De Forest Wireless Tele."^Oopersh.
Kraph Co
•iO HapgoodsC^.. pref
33
25 1 rust Co. of Republic... 25
10 Consolidated Nat. Bank.l60
Bonrln
$10,000 City of
N
Y. 58 con-
sol, stock, red. Nov.. 1908.
due 1928, MAN
$2,600 Judge Co.,
1909,
J&D
10614 & Int.
A, 4s,
ser.
37
I
Dec.
9
1
.
THE CHRONICLE.
20, 1903. J
New York City Clearing House llnnks.— Statement of
condition tor the week euding Dec. li), I'JOo, based on average of daily
results.
He omit two cipliers
(IM)) in all cases.
2373
Mew \orR
City, lto.->ton and L'liita(l<>lpliia ISauhs.— liolow
a sunnnary of the weekly retiuii.s of the Clearing House
Banks of New York City. Boston and I'liiladelpliia. The New
York figures do not include results for non-niember banks.
is
W'e
BAXKS.
Surplus.
Cavital.
Loans.
Specie.
l.*gals.
\
Deposits Re.
Capital A-
BA.NKS
Manhat. Co
2,000.0
2.050.0
Merchants'
2,01111.0
2.000.0
1,500.0
1.000.0
25,000,0
Mfcliaiiics".
Anu'Vicu
Phoomx
...
City
Clienucal
.
300.0
OOO.O
But.it Drov
1,000,0
300,0
..
Mercli. Kx
Gallatin
7OO.0
500,0
600.0
5,000.0
25,000,0
Mecli.itTra.
Grofiiwicli
lieatlL.Mtrs.
Amer.E\ch.
Comniorco..
Pacihc
...
...
422,7
450,0
200,0
N. America
•2,000.0
Chatliaiu
People's
Hauovt-r
Met..
3,000.0
1,000,0
1,550,0
500,0
1.000.0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
1,000,0
300,0
10,000.0
1,000,0
250.0
200,0
750,0
1,000.0
100,0
200,0
200,0
300,0
1,000.0
250,0
1,000,0
Side..
'^00,0
...
Irvuiir
Citizens'
..
Nassau
Mar.ifc Kult.
Slioe&LtUr.
Corn Exch
Oriental
.
...
Imp. & Traa
Pai\
East River
yoiirth
Central
Seconil
First
N.Y.Xt.Es.
Bowery
. .
N. Y. Co...
Qemiau Am
Chase
Fifth Ave..
German Ex.
Gerniania
Lincoln
..
Gartielil
Fitth
Bk.
of
West
Seaboard
..
IslX.Hklyn
Liberty
N. Y.Pr.Ex
New Amst.
Astor
Total
f
11,13'2.8 128,l!27.4
4,55S,2
607,8
1,080.0
397,1
2,050,4
6,523,5
1,065.5
685,4
316,5
1,274,1
327,9
3,3ol,0
1,055, i)
0,059,9
6,927,0
145,7
2,994.7
000,3
1,350,4
13,501,4
88-1,0
774,7
664,1
511,9
3,880,S
1,714.1
068,2
872,2
1,3*2,9
1,312,3
384,9
1,307,9
538.5
1,304.2
574,7
1,913,6
492.9
581.9
540,2
oOO,0
300,0
1,000,0
1,000,0
500.0
350,0
... 115,57-2,7
$
$
2,524.0 15.470,0
2,505,9 19.5S2.0
1,401,0 10.975.7
2.787,9 11.818,0
3,588.7 18.405,5
320.3
3.922,0
10,871,6 124,922,2
7.584,5 23.803,6
363,6
5,048.2
6,994.3
2,197.2
l'J3,7
1,994,4
4,3.33,0
381,3
520,6
2,231,5
541,1
4,656,1
3,837,4 27,872,0
3,t>00,0
MercikiitiU'
S
$
?
Bk. orx. Y.
21,197,0
2,95-2,3
.5,543,2
l,9'2y,6
13,809,3
42.873,3
5,818,0
6,808,0
1,4 =13.0
•2,115,0
'2,125.1
1.034.2
1,519,0
2,147,7
2.002.0
-2,70.><,3
470,0
32:.,0
25,909,1
4,854,0
7,004,2
753.8
055,5
519,5
551,0
347.9
847,2
590,2
497,5
4.S7
481,0
137,9
309,5
1,540.0
7,574,0
1.7Ui',0
3,8.S7,0
19,500,7
3,734.6
273,8
029,9
205,9
1,164,5
9,307,3
757,4
1,109,5
491,9
825,1
5,473,5
24,003.0
5,905,0
2-2,215.0
53,470,0
1.090,1
10,812,2
8,703,0
9,222.0
73.067,7
6,686,2
2,740,0
4,211,9
3,540,3
35,747,8
8,669,7
2,630,7
3,033,5
10,199,6
6,711,7
2,551,6
7,102,3
3.290,0
MS
18,001,9
3,731,0 20-4
5,365,4 271
300
11,788,0 23-9
28-2
4,867,0 24-3
7,53,8,9 25-4
1.343,0
541,0
240,0
300,8
513,7
270,0
1,191,007,1
0,606,
132,615,0
131,012,0
130,902,4
203,294,0 11,047,
202,909,0 11,056.
204,689,0 11,006
120,103,3
102,372,7
114,087,9
5,700,0 195,108,0
5,612,0 19'2,970.0
0,5h(!,
—
;
FOliKIGN IMPOUTS.
lor
20 -0
1903.
vieek.
1901.
190-2.
1900.
25-5
25
1
27-3
250
2(>'.S
9,872.(1 25-3
59,238,2 27-8
5,9.50,9 28-9
3,085,0 204,992,0 24-7
3,435,5 24-3
4-2,10-2,4 26-6
9,363,8 26-3
3,520,6 23-3
4,700,6 19-6
10,076,2 21-5
6,808,9 •28-5
-2,58-2,4 24-8
8,371,1 25-7
3,465.0 24-0
14,546,0 25-5
4,301,0 25
8,095,0 24-7
4,194.3 27-1
5,808,3 22-4
4,680,0 22-0
Total United States deposits included $36,829,800.
—
Reports of Non Member Banks. ^The following is the
statement of condition of the non-member banks for the
week ending Dec. 19, 1903, based on average of daily results.
two ciphers (UO) in all
l,32t<,929,4
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
Dec. 17. and for the week ending for general merchandise
Dec. ly also totals since beginning first week January.
Dry Goods
2,371,0
579,0
1,764,1
If
1,010,401,2
! ,306,392,5
;
General Merchandise
338,0
Clearings.
t Iiicluiliu.n I'Ar IJoston and Philailelplila llio item "duo Toother hanks,"
and also Government deposits. For Boston these Oovorninent deposits
aniouutod on Deociubor 19 to .$0,<!06,000 on December 12 to $0,414,000.
3,17-2,1 19-J
132,545,9 878.740,2 157,887,0 68,209,5 t8482840 26-6
We omit
Deo 19
10,161,0
516,(»
Cireululion.
^
49,920,0
49,504.0
49,7 80^)
48,167,1 182.771,0
48,107,1 IS3,413,0
48,107,1 183.309.0
1,345,1 3()-7
18,354,9 26-0
1,536,6
485,0
1,062.3
Deposits. \
IMiiln.
Deo 5
Dec 12
59,160,0 27-7
502.6
1,604,8
406,2
157,4
491,1
all these itiiures.
Legals.
13,845,0
14,496,0
52,035,4 177,200,0
52,035,4 175,804,0
192,8
2,254,0
1,567,3
246,6
690,0
788,5
760,0
Dec 12
nee 19
4,38,5.(»
499,5
240,0
412,0
207,2
83«M
•(
m
(00)
8>?0.839.7 152,-241,2 04,27-2,0 841,5,")2,0 10,036.
Deo 5 247.793,7 S82,0ii2,3 151,011,6 65.418,8 842,900.4 16,058,
Deo. 12 217,793.7 S.so 893.8 152,333,0 60,458,3 842,.'^55,7 10,117,
Dee 1 248,118,6 878,740,2 157,887,0 118,209,5 848,284,0 40,030,
itOM.
Dee- 5 52,635,4 179,513,0 14,020,0 5,858,0 196,531,0 6,5(;6,
l,s,982,(»
1,370.0
1,968,2
4,236,0
9.824,8
4,232,8
5,301,8
4,808.0
*
N. Y.
Nov2S 247,793.7
1,27-2,5
1,12,^0
14,545,4
1,225,9
1'2,73'2,0
Specie.
1,383,0
80(»,0
423.8
568,9
Loans.
0.083,9
0.434,4
28,506,0
5,633,3
1,9-28.0
825,0
627,5
9,004,9
2,221,3
135,0
ciplie-rs
107.4(-i8,7 25-1
50,30;'..s
151,2
3,659,0
;{82,0
1,710.7 28-3
4,500,3 2i;-6
20.350.0 26(i
1,658,5
4,932.8
62 .-.,2
22
4,(-i80,0
2, (-.J 0,3
52-2.4
-291,1
319.7
956.7
1,492,6
3,511,0
207,0
3,380,0
12,035,0
220.3
2,047,8
2,4.88.8
6.27-2,0
13,817,0 26-.S
21,42S.O,25-4
12,029.6 26-2
12.117.0 29()
19.047.1 •25-4
3,375.0 23-7
111,174.1 29-6
23,075.6 •28-7
5,274,1 25-4
4.281,2 26-1)
2,505,6 22-6
.584,2
429,0
1,399.1
H.C.
$
2,141,0
3,338,0
Siiriilus.
omit two
$2,778,095
.s,81 6,353
$2,460,955
7,871,853
$2,452,296
8,591,045
$2,018,304
8,101,725
$11,594,448
$10,33'2,808
$11,043,341
$10,1-20,089
Drj' Oooils
General Merchandise
TotaL
Jan.
.Since
1.
28,561.992 $12.3,691,635 $10,5,279,311 $111,179,904
450,828,859 435,311,270 441,020.620 409,634.647
.fsl
Total 51 weeks
.$579,390,851 $559,002,905 $540,305,931 $520,814,551
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Dec. 21. and from January 1 to date.
EXPORTS FROM
NEW YORK FOR THE WEEK.
1903.
1902.
1901.
1900.
For the week
.1!10,953,889
$10,476,012
Previously reported..
489,574.144
$11,117,395
469,299,437
.$10,889,581
489,548,199
51>J,754,487
Total 51 weeks
$500,528,033 .$480,410,832 $500,437,780 $530,230,499
NOTE. As the ligures of exports as reported by The New York Custom
House from week To week frequenTly show divergence from the monthly
totals, also compiled by The Custom House, we sliall from time To time adjust
the totals by adding to or deductini? from the amount "previously reportefl."
—
The following table shows the exports and imports of
specie at the port of New York for the week ending Dec. 19
and since Jan. 1, 1903, and for the corresponding periods in
1902 and 1901.
EXPORTS AND IMPORTS OF SPECIE AT
NEW YORK
Exports.
cases.
GoliU
Week.
Imports.
Since Jan.
Week.
1.
Since Jan. 1.
Deposit with
BANKS.
Capi-
OOs omitted.
tal.
plus.
Invest-
Specie.
ments.
Leg. T.
&J3ank Clear'g Other
Notes.
A gent.
Deposits
Great Britain
France
West
N. Y. City.
Boroughs ot
..
14 th Street.
Gansevoort.
..
Mt. MoiTis
Mutual
19tU Ward .
Plaza
Biverside ..
State
12tli
Ward
.
23d Ward..
Yorkville
..
Fidelity
$
100.0
300,0
100,0
200,0
200,0
250,0
200,0
200,0
100,0
100,0
100,0
200,0
100,0
100,0
•200,0
"Vanck
100,0
Jettersou ..
400,0
Century ... 100,0
Wash. Hgts 100,0
United Nat. 1,000,0
$
$
209,2
270,0
110,5
64,0
2,328,7
3,017,0
1,021.5
1,653,5
114,0
109,8
209,5
197,7
243,8
103,3
498,6
100,5
'2,4f<3,l
93,1
271,0
116,4
64,3
256,2
53,2
121,4
105,8
l,^2-7^2,0
317,3
162,2
533,2
348,6
51,0
662,3
599,6
167,8
166,2
80,4
273,6
120,2
2,036,8
1,475,5
2,971.1
5,752,5
997,3
4,054,0
2,789,0
1,007,0
1,272,4
623,2
1,214,5
1,316,7
757,6
1,440,5
2,176,0
•2,324,5
1,226,2
2,898,0
1,078,8
6,974,0
1,485,0
1,975,9
677,5
728,5
1,753,7
556,5
589,9
1,968,7
$
81,2
23^2,0
78,7
69,0
157,7
131,6
29,3
18,9
194,0
20,3
428,0
58,0
55,9
38,6
11.2
190,3
108,0
88.7
60,0
104,4
79,6
205,3
124,0
•207,0
96,7
247,0
6,4
201,0
133,7
181,4
39,0
60,6
78,8
40,8
12,0
200,3
22,5
50,4
21.7
141,8
59,9
100,1
377,9
53,9
295,0
379,0
54,3
114,6
63,4
25,0
99,3
22,0
2,7
10,5
$
234,2
137,0
21 '2,0
105,0
133,9
189,9
127,8
187,9
152,0
73,4
325,0
00,0
96,7
98,0
49,7
94,0
190,9
40,3
77,1
94,0
S
$
66,9
3,0
100,0
60,5
50,0
54,5
2,603,0
3,035,0
i;94i;3
1,793,9
2,704,9
2,4-25,6
341,9
45,0
755,0
23,8
1,8
32,5
156,3
20,5
1,578,4
3,070,0
1,155,2
8,234,0
1,805,0
1,476,9
1,996,8
616,7
793,3
1,794,5
517,0
471,0
1,183,7
Brooklyn.
Brooklyn
.
..
Mfrs.'Xat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
North
..
Side.
Peoples
aVtU Ward
.
SpragueXat
trnioh.
wauaDout
Borough ...
Borough oj
Sichmond.
.
115,0
300.0
252,0
500,0
100,0
300,0
300,0
100.0
100.0
100,0
200,0
200,0
100,0
200,0
72,1
77,8
110,6
281,6
165,0
12,9
18-2.0
128,0
15,8
43,3
11,0
95,7
49.6
36,2
15,5
79,1
103,2
217,5
380,3
479,9
83,0
482,0
308,0
39,8
51,1
73,5
166,0
85,7
27,7
137.9
24,9
100,0
65,0
10,0
18,0
99,0
69,9
59,8
12,2
22,0
104,6
42,8
14,6
1,954,9
1.562,9
3,390,7
6,543,4
1,053,4
4,290,0
3,141,0
of St. Is.
l8tNat.,S.I.
Hudson
France.
Germany
West Indies
.
Dec 19
Tot.Decl2
Tot. Deo 5
Tot.
72,3.56
$2,504,134 $17,070,498
28,134
5,952,852
10,386
4,742,674
$44,440
844
3,550
163,613
15,200
247,926
887,621
20
10,170
1,300
58,465
1,083,608
140
353,008
5,887
$791,670 $30,975,541
691,300 33,703,460
609,240 47,133,954
$18,076
63,394
38.108
$1,546,252
1,292,921
3,554,546
"3;756
Total 1903
Total 1902
Total 1901
Of the above imports for the week in 1903, $29,565 were
American gold coin and $580 American silver coin. Of the
exports during the same time $110,982 were American gold
coin and $3,750 were American silver coin.
Auction Sales.
—See page preceding.
938,4
Spencer
1,337,5
709,4
1,477,5
WII.L,IA]TI
Trask &
BANKERS,
& PINE STKEETS,
-
Co.,
NE\F YORK.
-
Transact a
75,5
108,2
501,9
680,5
25,1
35,3
400,0 1,057,1
3,986,1
215,1
250,0
250,0
200,0
646,5
290,5
282,4
2,179,8
1,118,4
1.384,5
82,2
69,6
48,9
72,5
15,7
62,3
110,0
125,0
525,9
148,6
2,273,7
1,102,0
116,6
53,8
20,1
24,6
25,0
100,0
15,0
10,0
77,4
118,5
535,0
040,2
240,0 1,582,9
768,9
5,895,1
162,8
268,6
384,7
52,5
10,4
4,8
1,731,5
1,082,7
1,612,1
138,1
58,3
o'>
D^enerai bankino- business; act as Fiscal
for corporations, and neo-otiate security
Accents
issues of railroads and other companies.
commission orders and deal in
•
77,1
Execute
INVESTMENT SECURITIES.
Members
N. Y. Stock Exchange.
Moffat
HOBOKEN.
First Nat...
Second Nat.
195 022
784,476
$440
All other countries
Co.
National
Second Xat.
Third Nat..
480
33,038
6,530
$726,940 $26,904,510
60,980
2,753,121
Mexico
South America
589,9
1,141,0
Jersey Crrr
First Nat...
"'2i3o6
1,383,905
Silver.
Great. Rrita.in
1,349,3
.
Bk.
$110,982 $33,435,092
261,564 29,010,348
38,000 51,187,747
154
l,9r.6,135
10,300
Total 1903
Total 1902
Total 1901
$9,739,450
-2,929
7,6.88,312
All other countries
'2,689,1
Sorough of
Broadway
$20,2891981
3,076,535
$l6o',982
2,294,767
75,797
"io.o'oo
Colonial
Hajiiilton
Indies
Mexico
Man&Br'nx
Columbia
$2,461,786
.
fifes. <t-c
2,016,5
1,066,7
Branch
Office,
65 State
St.,
Albany.
& \Vhite,
Members Kew York Stock Exchanee,
1 NASSAU STREET, CORNER WAXJ.,.
Dealer!^ in Investment Seeuritie§.
8,512,0 100787 79,724,0 3,651,8 4.645.2 8.105,7 3,290.3 85,944,4
.8,512,0 1007^^7 79,868,5 3,680.5 4,918,5 129075 2 908,0 90. 948,3
8,512,0 100787 79,638,8 3,v00,0 4,890,5 9,029,5 2,909,5 ^7,014,7
TeL
5b;:L-5821 Cortlandt.
Telephone Stocks a Specialty.
'
THE CHRONICLE.
2374
ITnnuUcvs^
For Ditid*nd$ tee page
—
(Sii^tttt*
9S7'-
WALL STREET. THIRSDAY. DEC. -^4, 1903.-5 P. W.
The Money Market and Financial Sitnatfon.— One of the
events of the week affecting seutiinent in Wall Street and
security values has been the announcement of an increase
Lake Shore stock from 7 to 8 per
announcement on Wednesday afternoon, business had been dull and of a routine character;
it was followed by a quickened interest on the floor of the
Exchange and a general buoyant tendency in the markets.
Another important factor in creating renewed confidence
in tlie dividend rate on
cent. Previous to this
here is a less threatening aspect of the war-cl<md in the Far
The
Eist and its effect at principal European centres.
tendency referred to was also stimulated by steadily increasing ease in the local money market, by lower foreign exchange, and by the prospect of a renewal of gold imports.
The money market has undergone a decided change within
a short time, due to receipts of gold from abroad, to Treasury disbursements, and to a falling off in the demand from
the South and West. The f^upply of loanable bonds has
largely increased, the demand for high-grade paper is said
to be at the moment in excess of the supply, and rates for
Prominent
all classes of loans show a tendency to go lower.
bond houses report to us an increasing demand by investors and a more hopeful feeling generally.
While in the present transition state between closiag the
affairs of the old year and entering upon the new, forecasts
of the future in Wall Street should be made with caution
there seems to be, nevertheless, from a conservative point of
view, reasonable ground for cheerfulness.
The open market rates for call loans on the Stook Exchange
during the week on stook and bond collaterals have ranged
from 3 to 4 per cent. Thursday's rates on call were 3 to
oent. Prime commercial paper quoted at 5)^@5^ per
•i per
cent for endorsements and 5^@6 p. c. for beet single namts.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £2,125,198 and the percentage of reserve to liabilities was 36*90, against 43'71 last week,
the discount rate remaining unchanged at 4 per cent. The
Bank of France shows an increase of 75,000 francs in gold
and a decrease of 3,675,000 francs in silver.
HBW TOKK OITT OLBAKINO-HOURR BANKR
IHfftrtMta
1903
De*.19
1903
20
from
prnious
190y
Dee. 91
I>ee.
tPttk
[Vol. iKXVH.
State and Railroad Bonds. Sales of State securities at the
Board are limited to $3,000 No. Carolina special tax at 1^.
The volume of business in railway bonds has been somewhat larger than last week, but averaged less than $2,000,000 par value per day and included, almost wholly, low grade
issues.
The market has ruled steady to firm, however, and
only in exceptional cases are prices not higher than last week.
United States Steel 5s have continued to be the most
active bonds, without any advance in price. Central of
Georgia 1st, 2d and 8d incomes are conspicuous for activity
and an advance of from 1 to 3i^ points. The active list also
includes Northern Pacific. Union Pacific, St. Louis Southwestern, Rock Island and Wabash issues.
United States Bonds.— Sales of Government bonds at the
Board include $1,500 3s, coup, at 1073^ to 107;^; $2,000 4s,
coup., 1907, at 1105^, and $10,000 4s, reg.,1907, at 109^. The
ollowing are the daily closing quotations; for ytarly range
see ihtra page following:
Interest
Dec.
Dee.
Periods
19
HI
28, 1930
registered
Is, 1930
coupon
Is, 1930, smaJ.reglstered
Sa, 1930, small
ooupon
Ss, 1918
registered
Ss, 1918
ooupon
88, 1918, small.reglstered
88, 1913, small
ooupon
registered
48, 1907
ooupon
48, 1907
48,
48,
68,
(a.
1926
1926
1904
1904
Dee.
Dee.
Dee.
Dee.
i'i
23
24
26
-Jan •105't '106»4 •106
'106
•106
106>* •106 >9 106 la •106 >«
-Jan >106
-Feb •10714 •107 >u *107»4 •10734
Feb -107"* -107 >8 •107»4 *107»4
-Feb
Feb *imH •ioeH •i06>i 'ibeii
Jan *1C9
109 K! *109»9 *109»a
Jan *110
IIO"^ •llOH •llOWj
*133i«
Feb •133H.
*138>4 •13514
-Feb *133>« •133H •133>4 *133'4
-Feb *101i« *101>4 •lOlW •lOli*
-Feb •101 >4 *101>« *101>4 •lom
registered
coupon
registered
ooupon
"This Is the prloe bid at the
•IO7S4
107 '8
<
•i'oeia
3
O
H
*109i«
•llOia
•138>«
•133»4
*101i«
•lOli*
momlnK board: no sens was made.
Railroad and Miscellaneoas Stocks.— The stock market
dull and depressed during the early part of the week.
On Tuesday transactions aggregated only about 235,000
shares and prices generally were lower. Late on Wednesday there was a change of sentiment, as noted above, and
the market became buoyant on a substantial advance in
some of the high grade i.ssues.
The anthracite coal shares have been exceptional in that
they were strong throughout the week. Lackawanna made a
sensational advance of 15 points, and has retained a large part
of the gain. Delaware & Hudson shows a neC gain of nearly
8 points. Reading and Erie held firm during the prevailing
weakness noted.
Local transportation issues have been
notably strong. Rock Island was weak on rumors, not confirmed that the matter of a large bond issue was soon to be
considered. On the other hand, all Vanderbilt stocks advanced on the increased dividend announcement, as noted.
United States Steel preferred has been the most active
stock on the list, and seems to have led the market in its
general trend. It has covered a range of 2 points and closes
with a fractional net loss.
Steel common has been dull and
steady. Tennessee Coal, Iron & Railway continued its upward movement on the better trade condition outlook. Consolidated Gas has steadily advanced and shows a gain of
nearly 8 points.
The Westinghouse advance of 133^ and
General Electric's rise of 73^ points were accompanied by
estimates of large profits on existing contracts.
For daily volume 0/ hunness seepage 2381,
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
was
,
.......
f^BltAl
iTLTplnB ..........
mBOoanU
Iio«a*
Clrcnl*tion
Net deposit*
A
Legal tenders
Eeserreheld
26
p. e. ot
deposits
Ino
Ino
Ino
5,428,300
6,668,400
1.761,200
9
102 261 900
121,964,H0l
875,861,300
45,615.700
867,856,000
158,978,600
68.079,000
226,096,500 Ino
212,071,000 Inc
7,304,600
1,367,075
226 067,600
216,964.000
S
116.572.700
132.646,900
878,740,200
46,036,100
•848,284,000
167,887,000
6S.209,600
$
Deo 2,168,600
Deo
81.200
9
83,622 71)0
100 419,000
867,006,400
81,929,800
904,096,300
]
6 1.048,800
70,760,600
231.809,400
226.024,076
8,093.600
6,786,326
14.026,500 Inc 6.947,526
Surplus reserre
•$36,829,800 United States deposits incladea, aKainsi 936,808,700 last
week and $40,198,000 the corresponding week of last year. With these
TTnlted States deposits eliminated, liie sarplnsreHerve wotiifl oe 323,232,960
on December 19 and $17,280,160 on December 12.
MOTB.— Betnms ot separate banks appear on the preceding page.
—
Foreign Exchange. The market for foreign exchange was
heavy this week in the absence of demand for remittance,
Sales
the urgent requirements for the end of the year having been
STOCKS
Sange for WeeJe
for
Bange tinee Jam, 1.
WeeK ending Dee. 25 Week
Gold imports, $1,365,341.
satisfied last week.
To-day's (Thursday's) nominal rates tor sterling exchange Allls-Chalmers Co
300
7 Deol9
7 Deo 19
7 Deo 28 Feb
were 4 813^@4 8^ for sixty day and 4 85@4 853^ for sight. To- Amer Agrloul Cbem, pf 118 70i«Deo23 70i«Deo28 69>4Deo 83i9Jan
100 68 Deo 21 63 Dec 21
Cleve Lorain* Wheel..
85 Oct 100 Jan
day's (Thursday's) Eictual rates for sterling exchange were Detroit City Gas
1,200 72 Deo24 75 Deo 22
70 Deo 76 Deo
4
8415
for
short
and
Chemical
for
long,
8405@4
4
G-eneral
500
61
Deo22
Dec23
8120
8450@
64
61
Decj 72 Feb
811034
4
Homestake' Mining
100 61 Dec 24 61 Dec 24
50 Deo] 66 Mar
4 8460 for cables. Ctommeroial on banks, 4 8050@4 8060, and N y
N J Telephone...
50 160i4DeclW 160i4Decl9 147iaKoTil65 4Alar
Cotton for payment, Phoenix Gold Mining... 11.800 •12 Deo 28 •20 Dec 19 •09 Deo -20 Deo
docnments for payment, 4 80(34 81.
4 80@4 803^; cotton for acceptance, 4 8050@4 8060, and grain
Ontside Market.— The approaching double holiday made
for payment. 4 80%@4 81.
evident in the market for unlisted securities this week
itself
To-day's (Thursday's) actual rates for Paris bankers' francs
general lack of interest in trading. Values as a rule
the
by
21i^@5
20%* for long and 5 19%i;(a5 19%t for short.
were 5
been steady. Greene Consolidated Copper has again
Germany bankers' marks were 943^@94 5-16 for long and have
been the active feature; the price of these shares moved
94^\@M% for short, Amsterdam bankers' guilders were irregularly
between 13 and 12% until to-day, when weakness
89^*(a.39 15-16 for long and 40 3-16*(a40 3-16 for short.
resulting
in a drop to llj^; this represents a dedeveloped,
Exchange at Paris on London to-day, 25 f 153^ c; week's
cline of 134 points from the closing price last Friday.
range, 25 f. 163>| c. high and 25 f. 153^ c. low.
Tho week's range for exchange rates, including Saturday British Columbia Copper declined from 3^ to 33^. Tennessee Copper sold on caturday at 27, a loss of 2 points from
of last week, follows
I
<fe
I
1
.
:
-ShorU
-Long.-
aurlimg Aetual^•& 4 8176
Hlgh... 4 8150
9 4 8120
Low. ..14 81
Pari* Banker t' Ft ones—
4 8480
I
5 21>«
® 6 20S*
» 62II4
Low... 6 21'**
9*rmany Banker^ Mark*—
High...
'9 4
'9 4
6 18»4t
'9 & 18*4
6
19H*
94i»i6f
94T,e
-a 94>«
'31
94Sie
94>«
94»4t
Awuurdam Banlcert' €htilder»—
® 40
High...
40»i«**
33'»i8
a9i»i«
Low.... I 39^8'
40>«ii
High...
Low....
I
I
I
a
8490
8416
4 8405
I
I
-Cables.-
I
I
Leaa: •ii«o/l%. ti»»ofl%. t»«iOfl%.
4 8530
'3
4 8640
4 8460 '3 4 8460
19^
'a>
6
«
9
94i»,«
94*4
»
a
lO'ieX,
I
408i,t
I
%
;
;
Plus: Hijeot 1%. ••13,011%.
The following were the rates for domestic exchange on
New iTork at the undermentioned cities to-day: Savannah,
82^0, per $1,000 discount; Charleston, par New Orleans,
bank, |l 00@90c. per $1,000 discount; commercial, $1 25 per
$1,000 di.scount; Chicago, 10c. per $1,000 premium; St.
Louis, par^lOc. per $1,000 premium; San Francisco, lOo.
;
per §l,OlO premium.
the last previous sale; subsequently there was a recovery to
After a gain on Saturday of
to 895^ Northern
28^^.
Securities stock dropped on Tuesday to 89; to-day there was
an upward reaction to 893^, at which figure the last
sale was made. Total transactions for the week in this stock
aggregated, it is estimated, about 2,700 shares. Seaboard Air
Line common gained a point early in the week to 14, but
later it dropped to 12 the close to-day was at 1231^ the preferred moved up 2 points to 24, but subsequently fell back to
Interborough
223^, this being the closing price to-day.
Rapid Transit advanced 1% points on Monday, to 92^^, but
later on the same day it sank to S0%; to-day it rose to 93,
dropping back again, howeve at the close to 91. Standard oil
shares have been decidedly irregular; the price advanced 113^
points early in the week to 6743^, then reacted to 665 and
recovered again to-day to 670. The change in control of the
Hackensack Meadows Company had the effect of advancing
the price of the shares of that company from 18 to 25)^.
Outside quotations will be found on page 2381.
,
"
.
.
•
Few York
Exchange— Stock
Stock
«k;cc:pvin<;
Record, Daily, Weekly and Yearly
two i'ai;ks
STOCKS— iiJOJli:ST AND LOWKST SALK PKICKS
Saturttat)
Dec. 19
•25
Trtesday
WedtMsday
Dee.
Dec. ^^
Dec. Ja
•25
*55
27
57
•65
itoniiaii
-Jl
25
27
57
•55
67
'^2\
66% 67%
91% 92%
79
79a>.
7S34
7i»i.'
SSVi
4S«^
H^>-..
SS'4
SS'4
{88%
51%
50%
67 »a
•120
•ISo
50
50 »a
•120
127
150 *i3r.
loll
llSi-j
157 >a 100
33 Si
So
160SJ 162
353fe
•til's
70
200
•18;i
•llCi-j 124
-64
33%
6!>34
70'-;
36
200
i^Aj
•83 Sj 87
•BG^s 67
2734
27-'4
143
•171»4 172 >-j
1C5 166
212 212
1534
87
•66% 67
•27^ 28
14 •.•4
US '4
17 13,
166>4 167
208
8,s%
5134
127
150
120
•135
65%
67
35
•69
So
70
200
•116%
'15%
•83%
•66%
124
16
166'-;
Dee.
127
150
•183
67%
r.s
92',
7S38
923h
167
214
Do
78»4
774
143»
J54'«
110
14^,
54 '4
23 "e 23 S,
160 165
250>4 261
•21
22
73
73 "-J
•1834 22
•110
14% 14%
552
i-j
•2214
52
1334
77%
35
ir.li
lls%
Do )>rct
(^tiiikitlivn Paoillc
6^14
Southern
-'iiniuiii
ifc
35
»V5
116%
12
15%
1
Do 4 p. 0. (tobenture.-i
Do 5 p. c. pref. "A"..
Do 4 j). c. prof. "B".,
>,
143% 144%
168
77%
143b
13%
23
52
23
•22
164
260
23'4
7934
115
14
52%
Do
169
211
•8
'8
1634
8%
'8
1634
1734
8%
72
•45^1
•160
74
•11
71
•83
{130
•58
65
*72
80
*45'a 60
160 ISO
'74
65
•6S
80
60
195
74
121a
73>2
84
130
•2034
21Ja
40
•40
*28
•90
83
*40
•28
•yo
32
•51
53
72
•74
79
83
84
84
12934 130
38
40
•10
•40
•28
•93
20
50
31
100
"55"
ioi
80
58
72
195
79
•48
*160
•74
•20
•38
21
31
25
40
31
6638
67
•18
•34
20
34
35
20
50
32
100
37
•10
20
29
•90
50
30
100
40
•50
54
20
10
•40
28
•93
Do
18
16
18
55
•60
55
934
9'>4
•120
•120
•60
96
17%
•60
•90
62
96
53I4
•112
934
5314
115
18
•38»a 3912
54
115
•16
•60
9%
9%
120
*60
62
100
55%
17%
1734
39
93
39%
5120
60
62
100
•5334
55
115
n7%
38%
9%
934
90
110
115
"16
•50
18
55
w
»
90
53
110
^
1738
3834
9334
1736
39
94
109
9%
120
62
100
55
116
112
17%
Do
•3634
•100
•58»a
•195
108 Si
3S
«100
110
60
196
3195
21% 22%
571a 57%
•85
89
"bO^i 53
•90 110
•6II2 64
117'all«i2
•18
20
•80
85
*"""
';•>
57%
•87
•51
•90
•61
11734
•18
•78
"e's"" *-..-..
•90
*90
98
44% 45%
.{7734
7734
59% 59%
2.<% 2434
60% 60%
•912
•35
•15
no
•100
*o8
195 5195
22% 22
5734
57
•58% 62
11"^
Kanawha &
17
h;j
•50
55
no
90
64
•61
53
53
110
63
90
•Gl
53
110
64
Lake
80
"80
81
63"
•55
90
46>.;
•90
45
98
46
7734
78^4
•7634
7734
9S
62
100
54
115
•35
*15
17
•60
•90
Do
17
Mo.
1734
393,
9434
11
40
17
10
•35
*15
Nov 72%J'ly
Apr 12S Aug
Apr 145 So|>
Novll 150
Sop 3 ItiO
pref
& S. S. Mane.
Kansas & Texas..
pref
pref
Missouri Pacific
Nash. Chatt. & St. Louis
at. of Mex, non-cum.i)f
Do 2d pret
N. Y. Central <fc Hudson..
St Louis...
N. Y. Chic.
&
Do Istpref
Do 2d pret
Y. N. Haven &
Oct
24
'.J
S
15
3
13
85'-2Jiui 9
Oct 15
Sep 2S
1.S3'4
Aug
Jan
Jan
19%. Ian
36 Jan
17% Jan
5934 Jan
99% Jan
119 Jan
31% Jan
72 Jan
48 Jan
.J'lyl4 162
5
24
May 2 3
Moy22
AuglO
220
2,530
10
"ioo
1,400
100
2,720
2,220
40,271
1,125
9
8
12
14
Jan 274% Apr
Juu 206 Sop
Feb 170%Apr
140
194% Nov
15 Dec
29 Dec
1034 Jan
4434 Mat
93 Nov
118 Jan
66
()
112 Dec 12
2
10 J'ly24
10
1 4 % Jan
44 % Aug 8"
9
59% Jan
17 Aug
8 28 Jan
149 AuglO 183% Feb 2 153% Nov
230 J'ly24 276% Jan 8 231 Nov
18 Oct 12 43 Feb 9 35 % Dec
62 Nov 13 90% Feb 9 86 % Dec
12 Sep 29 47 '4 Jan « 35 Dec
734 Aug 6 20% Jan 2
13 Feb
14 Nov 12 3934 Jan 2 26 Dec
55 Oct 14 90 Jan
75 J'ne
7
Aug
19% Feb H: 10 Jan
10 Novll 2939 Feb 16 18% Jan
23 Aug b 42% Jan 9 28% Dec
62% Apr 13 74 Feb 5 60 % Dec
44 J 'ly 24 64% Feb 5 41% Dec
39%J'ly27 72 "2 Jan 8 50 MaT
78 Augll 91 Jan 8 82 May
31 Sep 29 7434 Feb 24 30 Jan
160 Oct i 209 Jan 22 181% Mar
73 Deo 18 85 Jan 9 70 Jan
10 Augil 27% Jan 5
9 Jan
63 Sep 25 106%Feb20 (,6 J.in
Oct
19
77
99% Mar 2 81%Jan
125%J'lyiri 151 Jan 10 137 Jan
lo .;'ly27 48 Jan 12 35% Dec
30% Oct 12 773fe Janl2 65 Nov
(;
62 14
47% Jan
9
Oct 12
Apr
24% Aug
210
Sep
44
23
no
Apr
Apr
108% Aug
124
'8
Sep
3534 J'ly
'2 Aug
53% Sop
184 % Jau
79
Feb
297
5134
9634
Aug
Aug
53% J'ly
Sep
25
48% Sep
Sep
97
24
Aug
Apr
44% Jau
3534
7534
6334
Jau
Jan
7438
10434
Mar
Feb
67% Dec
203 Deo
90 May
29% Oct
106 Aug
9838 Dec
173'2Aug
Aug
Apr
Aug
33% Jan
75 Dec 88 Aug
19 Jan 39 Aug
44 Jan 6234 Apr
6
8234 Feb 26
8 36% Jan 12
Oct 8 61% Jan 22
Oct 27 40 Mario
J'lyl5 555 Apr23
16% Oct
5134
9038
5012
13 Jan 41 .Sep
45 Jan 84 Apr
23%Novl2 53 Jan 8 40 Dec 71%Jan
89 Nov24 118 Feb 6 120 Oct 138 Feb
275 Dec 9 334% Jan 5 325 Apr 340 Apr
49 Dec 8 83 Jan 7 72% Nov 91% May
95 Sep 28 130% Jan 8 102% Jan 159% Aug
126% Sep 28 155% Jan 14 128 Mar 15S Nov
70%.J'ly24 128% Jan G 109% May 134% J'ly
99% Sep 29 142% Jan 6 135 Oct 174 Feb
17 Dec : 38 Jan 8 35 Dec 43 Jan
51% Dec 6 88 Jan 20 h9 Mar 9134 Mar
8% Nov 6 29 Mar23 20% Dec 31% Mar
102 iVlay20 135 Jan 15 5150 Mai 192 Apr
41 Oct 12 no Jan 9 105 Jan 115 Apr
83 N0VI6 118 Feb27 118%Jan 12734 Apr
42 Aug
79% Feb 16 36% Jan 84 Nov
109% J 'ne 2 132% Feb 17 90 Jan 139 Sep
15% Oct 19 30% Jan 5 22% Dec 3534 Sep
33 Oct 12 63%Feblu 5 1 .Ian 6934 Sep
8534 AuglO 115% Feb 10 9634 Mar 125 '2 Sep
50 Oct 15 114 Feb 10 80 Jan 122 Apr
10
12.350
25,020
2,950
16,520
21
Novl9 194
Aug
J'ly
160 '.J Jan 1 9834 Sop
9 IS6 Jan 20034 Sep
14 204 'm Jan 271
Apr
224% Jan
250 Jan .M 230
Oct 13 200% Jan 9 152
Sep2'-
.Sep
48
300
Jan
194'4Jiui
Juu
,S9
46% Feb
Aug
AuglO
J'ly
Aug
% Nov 95% J'ne
ly
si
Dec 90% J'ne
33 Dec 51 <4 Aug
90% Jan
2.'<
500 34%.Mar 2
47%May27
3134
Dec
110 17 Novl9 28%J'ue30
12,500 112%J'lyl5 150 Jan 10 147
40
850 19%Sep2» 45 Jan
100 Oct
118 Jan 16 110%
"'ebo 50 Sep 28 87 Jan 19 HO
Nov
Nov
Nov
Nov
_
-
17
I
1
27% Nov 13
N.
43;i US7%May25
Hartl.
N. Y. Ontario ifc Western. 16,490 19 Sep2,'5
Norfolk <fe Western
5,500 5334N0TI2
Do adjustment, pref.
15 85 AuglO
Coast Co
300 3934 Sep 29
1pacific
80 J'ly3U
Do Istpref
Do 2d pref
50% Augll
Pennsylvania
137,882 11034 N0VI2
Peoria <fe Eastern
100 15 J'ly24
74 J'ly27
Pore Marquette
Do iiref
576 Sep 17
55 Sep 29
Pittsb. Cin. Chic. & St. L.
90 Oct 7
Do pref
Reading, vot'g tr. ctfs.. 107,550 37%Novl6
Isl pref. vot. tr. ctfs...
220 73 .Sep 2S
2d pref. vot'g tr. ctfs.
600 5534N0VI7
Bock Island Company
90,355 19% Aug 6
Do pret
6,358 5534 Sep 28
Rutland, iiref
30 Augll
Ot. J oseph&Gr'd Island.
"ibo 7 Oct 1
i-^ Do
Istpref
32 Oct 12
13 Oct 1
Do 2d pref
10
40
Keb 9 110
Keb 9 139
138'^ KoblO 112%Jilu 145 '4 Sop
78%. an
71 I>ec 97 May
190 Jan 19 165 Nov 198 Jan
53% Jan 19 42% Dec 57 '2 Sep
37i4-Iau
29 '2 Dec 4 53HJ'ly
Oct 14
57% Sop
29
Mich. South'n
Do
45% 45% 45%
7734 •76% 7734
60% 60% •60
61
2234 2334
2338 23%
58% 59% 59
60%
*9'-2
<fe
S. P.
Do
•77
•35
•15
40
Shore
Minn.
4434
60% 60% *60
61
2334 24%
2435
23
00% 60% 59% 60 '4
'9% 11% •9% 11
40
68
98
& Western...
Mexican Central
Michigan Central
Minneapolis & St. Louis
81
75
63
98
*
750
pref
Long Island
Louisville <fe NashvUie...
1\/Tanhattau Elevated...
AWLetrop. Secor., sub. rec.
Metropolitan Street
Met. West Side El. (Chic.)
Do pref
118% 117%118'4 117%11»% 11838 11»%
20% 20% •19
20
21
85
Erie
Do
Sep
71%Kebl7
5434
25% Oct
Micliigan
Keokuk <fc Des Moines...
Do ijref
53
110
64
5J
400
37
64
•90
•61
410
4,680
Kansas City
9%
62
67
1,000
20
50
h4
110
62
B
owa Central
Do pref
CD
*194%197 194% 196%
22% 22% 22% 22
2238
5634 57%
57%
57
5734
89
•85
588% 88% •85
89
45%
•35
•15
40
•100
60
110
62
195
300
350
ctt.A
ctf.
Valley
Do pref
Illinois Central
94I4
933^
93%
94
108% 108% •107
5110 no
109% 113
•37
35
38
36
36% 36%
36% 36%
•17
20
19% 17
818% 18% 17
19% •17
19%
11834 119% lis 119
118% 120
118% 119
11934 120 14
'24% 27
•24»2 27
-24% 27
26
27
28
29
93% 93%
•107
"206
jiref
deb.
Hocking
19
54
17%
39%
39
800
Terre Haute.
Green Bay<fcW..deb.
55
•120
*60
*90
54
12,655
6,200
10
At!..
C.Ft.S.&iI.,tr. cts. pfd
So. vot. tr. ..
Do pief. vot. tr. ctt's
9%
2,640
63,150
6,670
4,550
Great Northern,
CD
32
100
16
50
18
55
200
700
300
pref
Ft. WortliifeDen. C.,.stnip
106%10634 106 107% 106% 108%
106% 10638 106% 107
14112 1415-2 141%142% 141% 142% 142 143% 14338144
89
89
89
89% 88% 8934 89 14 9934 89
89%
12134 122
121% 1223r 122% 123% 123% 124% a;123 123%
•16
•60
&
Evausv.
Q
67
•52
<fc
Do pref
Erie
Do Istpref
Do 2d pref
L.
55
pref. Tot. tr. ctfs
Duluth So. Snore
21%
40
'25
66
Do
13034
•38
llio
% '-^ep
Dec
29% Sop 2«
63
100 24
44,617 133%
590 168
6,94 153
32 190
10 132
20 117
5165
410
800
Wesl'n.
Grande....
S
99
1 1
I''.'':
92
83% Sep
Do 1st pf. vot. tr. cfs.
Do 2(1 pf. vol.. tr. cifs,
Delaware & H ud.sou
<fc
'.J
92%
18
Sop 28
60 Sop 29 73'«J:iii
Nov, 79
lis
5170 J'ly2y J1S4 -Marl
5191 J'ne 5205
105 J'ly25 13S'4 Jan2'.l 136% Sep 151
22 Doc 35
900 13 Aug 6 29% Jan
2,090
Detroit Uuitetl
84% 84%
31
67
L
St.
pref
Des Moiue.s & Ft. Dodge.
Detroit South. vol. tr. ctf.s
12
•71% 73
130%
&
Do
65
80
60
195
2,660
2,200
1,100
10
Juu 9
May
4834
Jan 7 71s -May
74 % J an 96% Sep
95 Jan 106%.-rep
•.Hr\ l''ob!l
150 153
So., vor. trust
<fc
Denver <&
9
2.'
l(l:>'-jJan
104
Feb
33
63
S234 J'ly2
30
prof
Chic.
pref
Cm.
elaw. Lack.
12
73
84
Union Traction.
Colorado
1234
40
19% •18
Do
29% 29%
68% 6834
51
51%
12934 13038
20%
68%
•7%
11% 11%
•70
84
•67
•12
65
•47
160
20% 20% •20% 21%
10
100
•58
65
80
•45% 60
•160 195
30% •25
67% 68% 67
1734 21% •17%
•33% 37
•33
66
20
36
20
60
-iz
1734
pref
Do
Cleve.
7234
1634
jiref
'i'enn'l Tran.sfor.
ChiciiKO
•18% 19%
•8% 9%
8%
68
Do
23
7234
1634
12% I214 •11% 13
73% 73% •70
73
•38
•25
31
62
•58
•72
129% 129%
«38
•25
66
•18
•34 »«
*10
68
eSHj
Chicjigo
167% 169%
263% 265
•20
21%
•67% 69
•734
•8
-7% 9
8>2
-7% 9
9
•12
1234 •1134 12%
12% •12
12% 12%
29% 30^4 29'a 30% 29% 2934 29% 29%
68 Hj 68%
68
6814
68
6734 as %
68
50
51
50% 51% 50% 50% 60% 50%
6S'a
Do
14%
52% 52%
165
164% 163% 168%
2613.
265
260% 263
rnh. 21% •20% 21% •20% 21
7234 7234
71
•71% 7234
71
1834
•18
n834 21
21
pref
Do pret
Chic. Book Isl'd & Pacllic
Chic. St. P. Minn. & Om.
•78
23
PaiU
St..
Chicago it North Western
79%
no
115
14%
23
&
Chicago Milw.
17434 17434
211
Western
Chici\Ko vireat
>•.
2S
"4
prof
Chicago Burl <fc Qiiinoy..
ChlcjvKO* Kast. III., prof.
i'"
5
•83% 86
•66% 67
•27
Do
lit;
140
Now Jersey..
Chesapwiko
Ohio
ChiCii^to
A lion
tiO
A 111
84% A UK 10
71% Sop 2
Higlieat
Loicesl
Jan 10
Jan 21
,s9% Jan 1(1
Nov
121
1.500
year(iyuj>
Jiig/tast
Doc 15 41
26
55
54
3. 5 DO 11.^..%
Central of
71%
181
l(')0,.^9o
ritliib'f;
i.\i
68
211
'110
115
51% 51%
S2
163
261
17
8 Si
17
68H1 68»2
75
7712
115
304
11834
71
4.67(1
19,2:1
prcr
Bullalo Uoch.
34%
65,290
Ohio
Brooklyn llapulIYausit.
'145 153
•143 153
•140 150 •143 150
}141 141
177 185 '179 183 "175 185 •175 185 •175 185
*">_
-8
y
•8% 9
'8% 9
9
8% 8%
1710 I7'.j
•17
IS
17% 1734 17% 1734 •17
18
6V
•534
6^8
6'4
6',
•534
6«K
6%
6%
7S
115
Do
127
5144% 144%
•77
•110
Ssutu Fe.
lb
prof
I'Jaltiniiirntfc
>
16 034 168
211
Tiipoka
Atoll.
k.
lianye lor Brei'iovt
01 lOO-sfiarelots
Lowest
Uuilroaiis.
120
1
Jianye lor iear 1903
On basis
n'eek
S/iarea
EXCllANGK
Arltor
Ann
Ui) )in\f
52% 53 ^;
67"
200
ilif
•,->S
•
34% 347.
69 % 69%
'•J
Sales 01
:iS
161% 162% 162 "s lti2%
32% 33% 33 "s 33%
l(!.i
-18'3
J^
•65
11S% 118%
11834
friday
25
27
57
•116% 124
15% 15%
86% •83% 86'-.
•66% 67
67
•27 14 28
•27% 28
142% 142% 142% 143%
172 172
172% 1721,
•831.J
H-.>><
7S
Dee.
67% 6t*%
91% 92%
78% 78"
•8734 88%
51% 63%
32% 33
•lumj 124
15»4
7SI.J
•64
160
S3
35
•lf<3
913,
US'4
119
65
ll'J
llSIKi
*t54>a 65
•65
67%
91%
•120
'135
127
27
57
Thursday
STOCKS
ifEW YORK STOCK
225% Jan
35 % Feb 5
76% Feb 10
93% Feb 1
Jan 10
Feb 13
Jan 28
15708 Jan 10
39 Jan 8
72
100
76
4538
Mar
168% Jan
57% Aug
124% Jan
100 Aug
209% Jan 255 Apr
25 % Dec
55 Jan
37% Sep
8O34 Oct
Feb 98 J'ly
65 Dec 81% Sep
100% Jan 106 Mat
72% Dec 8434 Sep
147 Jan 170 Sep
90
30 Nov 47% Apr
71 Feb 55 % Sep
80 May 93 Sep
Jan 7 80 % Jan 105% Sep
Jan 17 113 Mar 128 May
69 % Jan 2 52% Mar 78% Sep
89% Feb 5 79% Mar 90% Sep
81 Jan 6 60 Jan 80% Sep
91% May
576
94
115
7
Sep 17
53<feJan
9
Jan 9
Jan 28
1514 Jan 2
58 Jan 5
24%.Ian 19
86
72
33% Dec 50% Dec
71 Nov 85 % Nov
64% Dec 125 Apr
10 Dec 24% Aug
4934 Dec 81% Sep
24% Nov 42 Sep
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Banivs
NEW roaK
America
...
1;
Bid
500
AmerExch.. 215
Astor
700
Bowerylj
350
Batch's & Dr 140
Central
Century H..
Chase
Chatham
..
Chemical
.
140
170
600
310
4000
Citizens' . .
150
Cit)-
265
*
1
Ask
Colonial U
Columbia^ ..
Commerce. .6
515
225
900
380
150
Ask
405
325 350
t211 1215
Consolidated n60
C'rnExchgelJ 340 350
Discounts ... 155
East River.. 150 160
Equitable . .
100
Federal H
95
FideUtyli .... 180
155
180
320
4100
170
275
Bid
...
1
Fifth AveTi.. 3700 4000
Fifth
375
First
525 600
Bid
Banks
Ask
14thStreetTI. 300
Fourth
1205
Gallatin
390
Gan.sevoonl] 140
Garfield
500
German Am'l 150
German Ex', 375
Germauia!|
Greenwich
HamiltonH
Hanover
Imi)
<fc
Irving
..
"j
..
Trad.
Banks
160
Meciianics'
Mech
{ijOO
Mercaulile
310
170
i;oo
1224
535
615
.
& Tra^;
600
510
Bid
140
Leather Mfr. 290
Liberty
500
Lincoln
950
Manhattanll. 310
Market <fePul 225
Ask
14S
310
600
1050
325
240
215
150
235
175
Jefifersonll...
2.15
140
.. 225
Merch Exch. 165
Merchauts'.. 175
Metropnew' 375
Mt ilorris':.. 195
425
205
Banks
Orientalll
PacittcTi
190
Nassaalj
..
New Amster
New York Co
N Y Nat Ex.
New York...
19th Wardll.
North Amer.
Northern
Park (new)., 415
feople's'i
260
Bid and asked prices; no sales were made on this day. i Jje^s iiiau luo saare.s. x lis ngiits.
State uanks.
Sale at Stock Exchange or at a.acUoa this week, s Troat Co. certificates.
U Assessment paid
-i
Bid
275
180
475
1500
200
270
150
205
115
230
MutualTj...
a
Ask
Bid
Banks
Phenix
450
190
525
Prod Exchll
220
280
.Seaboard
600
Second ..„.. 600
Plaaali
RiversideH
215
120
240
29(3
-
165
..
Shoe&Leth. 150
700
Stateli
34ih Street.. 205
12th WardH. 125
23d Wardi!.. 120
Union Exchfl 150
United
90
Ex dividend and rights,
Ask
110
b
290
650
170
215"
160
100
New stock.
2370
Stock Record— Concluded— Page 2
ANH LOWSST SAL£
eiTOCA-S—JiJ(:fJi£ST
Monday
StitxiTxiau
.Dec.
Tuesday
Dec. 22
Dee. J I
19
itiu"
6o"
4-J>-;
4-J-s
U
Dec. 23
"
•so" "69
'
•60 "n'y*"
42 >3 421(1
•lilt
15JH. •143S2l52Si
•IS
14
rj»-j
33
S3
•3J'4 34
47 -a 4S>o
47^ 43'4
H'ecinesdatt
143 V;
1414
32
47
3a >4
48 't
25"
"2434
a 0-8
ami
78
TS^s
20»8
77^8
am
78
••24'4
ao^^
25
ass.
'24>a
•na
lao
•iia
•o3'4
35 Hi
•23
32
33
SHJ^e
S*l"»
V»2
••ja'4
2JJ'8
--
--
yss'T'si^.
44>«>
ao
19*8
19i»4
36^4
•16
37 >4
17
36=>8
37
•48
50
25
•44
i~^o
ao»s
Itis,
17
17 Si
38*8
Si
227
•221
47^8
4V>«s
Sj
la S/
m
•65
68
-aasj 31
SI
i>0
•a4
183
30
183
•5
•2^6
7
^Hi
•11
15
8
•7-»4
28 >4 28^
-SJM
lOS;
25) 'a
aa^f
16
16
77^1
"3
77^4
3^4
IbM IS
41»'6
i*ai4
4-<Si
;ta
•i)7>aia6>-.
•So
ya
ia;j'-2ia4'4
*iao>.2i-.iis.
ia5
ia5
SV
•7S3
•66
•74
•205
78
24
Sj
17'4
11
17^4
•8
rfSi
77
210
»20;"i
210
75
•5^4
7
7
•5Si
•47
•47
50
51
*a'i>4 27^4
26 "4 26 7g
•50
70 *
70
13^4 14
14
14s
188 ImD
188 "e 191 Si
lOlSjlOlSz 104S2 104K17
17
173^.
17
70
cr
c?'o '^\j
23 Sj a4i4
•aasj aa".
105 165 Si 165 166
•6a
•26
•29
•72
65
50
31
75
10
8
•36
•9514100
15^4
153j
-83
•78
•123 412!)
75 Si 75 14
•24 Sj 26
t)?Sj y7i^
27^4 273^
67
67
40o„
X7Sj
S2
18
72 >^
3034
30aj
•71
67f,
•72
''s
33-»4
•27
34
a9
h
35 Sj
354
91>4
91
"7S34'
lOVi
4434
lOSi
4434
20
20
3634
37
•16
•47
•levt
17
•47
•24
49
16'8
2nS>
17
17
37'a 38
•5Sj
•47
51
26I4
26»4
70
191
104
17
1734
65
50
29
75
10
•62
•26
•28
•70
Mi^b
•3684
•9534 100
1534
83
130
76
25
25
y7S2 98
27S)
67
noSj
65
63
50
33
••21J
28
•70
75
10
•8
37'8
3 6 •^8
1439
75
130
•74
78
25
•2434
97^4
28 Si
69
218
40 14
39
17 Sj 1734
71
71 S;
•29
31
•73
•29
78
25
99
28 Sj
69 Sj
218
40
3334
17 '6
*73<4
•25
29
3534
29
.5
lUS;
•auSz 40
1034 11
555f.
56^4
«ac-rt
'i>i\
y."i7s
ys^e
10
7'4
7'4
4:«4
4-»,
34»4
3434
20
•U>
10 Sj
39 S: 391-2
10 Sj 1034
54 Si 5534
26^4 27
95^4
•16
21
40
103
39
101
7I4
7»4
76
76
a
4
35'a 3518
ioi« losi
•39
40
H)a^
Si's
2618
4^8
36
*10
•39
10»4
55\<
26'4
lOSa
54*4
26%
•94 Sj 95^
•16
21
9534
-16
76
40
55%
273^,
21
"206
lou
"ibo
100
pref
1,950
pref
2,400
750
110
10,565
r
.
rVDo pref
UejiubLic Iron
J>o pref
&
4,561
595
100
Do
pref
Staiidarn Rope
1,500
400
400
Steel...
2,750
2,100
Rubber Goods Mf g
Do pref
Qloss-Shemeld
310
& Iron
1,500
& Twine..
110
100
St.
374
Tenu. Coal, Iron
29
Texas Pacific Land Trust
1 [iiion Bag & Paper
<fe
414
19
Do
'
2,275
1,860
10,194
13,059
455
200
pref
Do
pref
Vyells, Fargo
864
•85
165
J 195
&
195
.J'ly
Noy
38% Sep
66
54 4Sepi
304 Sep
Apr
42% Sep
31 Aug
57% Aug
66
J240 Oct
Dec
Dec
1334
Oct
434 Sep
31% Jaa
9 4 J'ly
Jan
Apr
Mai
234 Dec 36% Apr
89 Jan 1004 Apr
5 .Tan
7 ^ Maj
67
32 J'ly
14 Dec
39 4 Dec
Jan C
484 Jan 6
31% Feb 17
9534 Feb 17
54 Feb 2 6
24 4 Jan 10
52% Feb 17
994 Feb 16
25
1934
21
28
58
Jan
Sep
29
49% May
1004J'n«
135 Oct
101 Oct
1354 Mai
122 Aug
186 Apt
17 4 Jan.
804 Sep
Feb
146
Jan 253
Sep 3
Nov
Aug
S
Decl7
4
304N0VII
7
304
10
4934
J'ly 27
J'ly 27
NovlO
NovlO
17 4 Sep 28
Aug
80
Jan
8% Apt
4 Dec 74% Apt
Jan 444 Feb
11 4 Nov 184 Apr
72 Jan 85 Apr
104 May 17 Oct
42 May 59 Sep
97 Jan 160 Aug
104 Dec 154 Sep
79% Jan 914 Sep
20 Nov 32 Oct
64 4 Nov 754 Oct
14 Jan 19% Oct
4
49
35
4
Feb 20
Feb25
1504 Feb 4
15 4 Feb 11
9034 Mayl2
28 4 Jan 2
73 Jan 2
194 Feb 10
58 Feb 10 49 4 Dec 64 Mai
39% Feb 5 2934 Dec 4634 Jan
8934 Jan 7
79 Dec 9734 Jan
66% Feb 19 54 Dec 76% Apr
1284 Feb 18 120 Dec 134% Sep
15
55
Sop 28 39%Feb25
17
4 Dec 12
70
"i42 5191
Co
6
6 Sep 28
71 4 Oct 15
5
Hep 14
J'ly 14
..
.
....
Jan 9 29 4 Nov 334No^
81 Jan 19 784 Oct 81 4 Deo
249 4 Feb 6 5185 Jan J255 Aug
93 Jan 14 8434 J 'ly 97 4 Aug
221 Jan 7 169 4 Jan iii Sep
'
3334
876 804 Sep 28
9J.02 130 Oct 13
350 160 Sep 19 224
'T est'n Union Tele'gpli
VVe.st'gh'seEl <feM fg assen
Do Istpref
170
'44% Oct
15 4 Nov24 35 Mar23 26 '4 Dec 38% Mai
60 Nov25 85 4 Jan 19 79% Dec 90 Mai
20 J'ly 24 3434 Jan 6 27 Dec 33 Deo
136 Sep 28 204 Feb 16 ol704Oct 334 Apr
9 J'ly 28 19% Jan 5 16 4 Dec 23% Mai
57 4Nov25 744 Feb 6 70 Dec 774 Jan
23 Novl'.l 73 Jan 19 49 Dec 199 Apr
28 Dec 23 464 May 8 40 Dec 574 Mai
70 Oct 12 89 4 Jan 12 82 Dec 95 Oct
Oct 19 Apr
6 4 Sep 28 13 Mayla
9
32 Oct 1.7 47% Feb 17 40 Nov 534 Mai
94 Oct 16 106%Mayll 10134 Dec 109 4 Apr
IO4N0VI6 29 4 Feb 5 154 Jan 32 Sep
75 Oct 15 95 Feb 10 78 4 Jan 96 Oct
105 Oct la 177 Jan a 148 Mar 196 Apr
6-<
Sep 2b 1244 Jan 7 88 Jan 134 Sep
17 Aug
4234 Jan 7
37 Nov 49% Mai
8734 Sep 28 108% Feb 10 984 Jan 1094 Sep
22 4Nov25 6534 Jau26 39 Jan 63 4 Oct
62 4I>.'ov25 95 Feb 20 8234 Feb 964 Oct
196 J'ly 15 23534 Jan 14 215 Jan 250 Apt
16 Sep 25 37 Feb 9 24 Apr 384 Sep
67 Nov25 90 Feb 25 80 Apr 904 Oct
5%Nov27 22% Feb 18 15% Jan 2434 Sep
36^4 Nov27 80% Feb 18
68 Jan 8338 Sep
12 J'ly 25 30 Feb 16 174 Eeb 25% Apr
J'ly
74%:viai
J'ly
25
84
63
60
4 Feb 17
224 Oct 15 72 Feb 25 29 4 Jan 83 Sep
67 Nov24 974 Feb 18 8O4 Maj 95 4 Sep
300
6
500 33
310 95
21,202
211,770
Do pref
4,890
Virginia-Carolina (;hem..
500
Do pref
Virginia Iron Coal & Coke
210" 215"
34
34 .Sep 19
6 4 Feb 11
25% Nov 10 68% Mara 1
AuglO 4034 Jan 7
"'iio
4 4 J'ly 25 15 Jan 19
100 5734 Dec 4 7934 Jan 8
Vulcan Detinning
216" 210" •2o'5"2'l5" •210" 215"
{205 "205
85 Sj 85^ J86
86
485 S; ^5>v
85 Sj 86 '4
158 li;5
166 15^'V 159 isysj 157»4 15?*
•1-0 1H5 •185 195 •180 195
192 19.<
Aug
95
J'ly
834
2
Oct .^ 37% Jan 6
Oct 8 1134 Jan 2
lR4 0ct B 424 Jan 30
22
United States Steel
100
21
11 4 Jan
24 Oct 30
4
24,08;i
liR...
yJ Do pret
U. S. Cast 1. Pipe & Foun.
Do pref
United Stales Express...
United States Leather
Do pret
U S Realty ifc Construction
Do pref
United States Rubber
40
loo
'18
98
610
100
V)acitic Mall
cop. Gas-L.cfc C. (Chic.)
Pressed Steel Car
Do pref
10% 10%
554 55%
27 4 29 4
107g
Do
Do
64
4'e
5,378
5,036
New York Air Brake
North American Co., new
%
37
SIO
•39
677
National Lead
103" iio"
74
74
76 4 77
4-6
37
11
2,502
pret
VTational Biscuit
j-^
Sep
1134 Aug
0634 Oct 16
37 Nov
804 Oct 15
87 4 Nov
20U 90 Aug 5 126 Jtar 4 404 Jan
120 80 Sep 25 98% Jan 20 85 Jan
74,350 107 4 Oct 12 134% Jan 8 113 Nov
50U 116 Aug 6 122 Feb 13 115 Jan
300 117 4 Oct 8 169 Feb 18 I6O34 Jan
200
7 4 Oct 19 14% Feb 25
12 Dec
100 65 Oct 15 80 Jan 31 73 Apr
1,72U 58 Oct 23 1254Fob25 80 Dec
Manhattan Beach
^2
714
Iron...
CoutinentalTobacco, prcl
Corn Products
62
101
&
4934
129 Aug
159 4 Feb
Sep 24 225 Jan 21 210
Aug
5 Oct 15 15% Jan 29
7% Dec 14% Apr
40 AuglO 55 Jan 6 41 J'ne 53 Sep
i',i2o 24
Nov30 82 4 Jan 6 7334 Aug 1104Apr
90 AuglO 122 Jan 3 ^30 Jan n40 Mai
3;i6'6
94N0VII 22 4 Feb 18 144 Jan 24% Oct
23,494 164 AuglO 222 Jan 7 205 Dec 23034 Apr
300 9434 -\ug 6 119 Jan 2 114 Dec l264J'u«
Vy Do pref
Col. & Heck. Coal & Iron.
Consolidated Gas (jST. Y.).
t)
t>
hd
6
816 170
JllyXL
"39" "39"
3101
7
76
pref
/Colorado Fuel
18
36
•26
Do
Refining;
Orooklyn Union tJas
Onmsw. Dock tfc C.Imp'i
Rnttfinclr
On ...___.......
LLL LOX
V>0.
^
S
72
32
79
•34
•^e
33
•25
pref
Pullman Company
l>ailway Steel Spring...
40
33
M
218
74
414
•34
33 Sj 3436
•26
29
984 9834
284 294
67
684
19
72
31
Do
Amer. Teleph. & Teleg...
American Woolen....'
24
75
iSD
b
784
184
Sj
American Sugar
134 4
•64
1734
pref
American Snuff
Do pref
Feb
38 Sep,
33 4 Oct
98 Feb 13
NovlO 41 4 Jan 2 32 4 Jan 42% May
AuglO 235 Feb 5 210 Jan 265 .-Vug
J'ly 29 29% Jan 7
27 Dec 624 Aug
9,420
4,518
Befin';;.
Do
Internat'i
Do prof
75
30
.'
5434 Sep
434
Nov 79 Feb
284 Apr 37% Oct
854 Jan 93% Oct
304 Jan 5734 Apr
86 Feb 99 4 Apr
J'ly27
104 Oct 15
G74 0ct 15
2 4 Mario
"406 14 4 Sep 28
Jlaltins?
pref
Amer. Smelt'g<&
984 Apr
Nov
93
53
174 No v2 4134 Jan 10
604NOT25 93 Jan 6
254 Aug 6 464Feb20
26,555
5,100
. .
Power
Steam Pump..
18
•71
Do
nOS
«204 Jan 30 235 Feb 11
33% Oct l.") 75% Maria
"226 234Nov25
pref
American
394Jan
1440ct 14
Novl3 55 4 Feb
5
pref
Do
•804 834
*40
18
72
31
79
8,335
American Locomotive
14
215
pref
American Linseed
Do
6
Jfay22
33
J'ly
80% J'ly
Dec
384PeblO
294 Feb
10
3',225
1 Do pref
International
7 6 Si
7'4
1734
Do
8934
37 Dec
17 Jan
49 4 Jan
28 Jan
19 4.7 an
62
Sep 26
82
24
pref
General Electric
International Paper
18
72
30 Sj
80
;
20
"555 171
200
525
..
American Ice
Do
75*2
•6Sj
^
De
;
IOOI4
127
77
S24
Grass Twiue
<fc Leather
Distillers Securit's Corp.
18
39
1734
SO
•75
215
7'4
71 14
«80
66 "a
.A.nierican
•36% 37 14
•97
14
pref
.inacouda Copper
7C
•614
39:'4
12
70
10
2,850
90
24 '4 Dec '39" Aug
554 Mar SO Sep,
56 Dec 814 Sep
28 Dec 41% Aug
274Feb
J'ly24
404Novl6
Oil
85 4 J'ly
77 Doc
65 4 Dec
16% Oct 12
4 Sep 28 554 Feb 24
12
Ifi9',i42
Amer Hide
69
244 25
168 173
•8
J'ly27
27
300
pref
Do
*66i4
70
35
1,000
American DistTelesrapli
American Express
144 144
195 196 4
*984103 4
174 17 4
65
50
28
14'f,
•24
97 Sj
28
Do
"2'7""27%
•62
•26
*27
400
1,600
3,625
v. tr. cfs.
American Cotton
6
63
50
28
75
Dec 22
pref. vot. tr. ctfs.
&
;>
9
American Car & Foundry 11,115
84
11
123 4127
a73,
2918
75 Sj 76
•10
Do
InUusiriai
i>Iisccll
A dams Express
.t* malgamated Copper...
6534 Aug
834Auglt
2,251
'3()6
Highest
5334 J.in
90 Jlay
37 Dec
12S%,Tan 2 122 Jan
37% Jan 12 32 4 Nov
31% Jan 9 18 4 Jan
48 Jan 8 35 Jan
1224 Jan 23 107 Jan
159 Jan 12 1564 Aufi
104% Jan 9 93 4 Dec
954 Feb 11 86% Mai
22% Jan 13 20 Dec
64 4 Jan 6 60 Dec
3234 Feb 27
2134 Jan
Oct 1-1
17 4t>Ct H
4;6()9
15 Sep 21
2,320 24 Sop 29
1,225 79 Oct 14
155 J'ne 2
'
Lowest
204 AuglO 43%Feblo
100 100
pref
Wisconsin Cent.
'54
2;:Vo'6
420
W/abash
>T Do pref
Highest
(!
60,280
17'4
-104
1001^4
14'4
83
125
634
4'4
35
Do
Lowest
56 J'ly25 904 Feb 24
55 68 Auglo 88 Feb 20
4,llt' 39
Dec 2-1 78 Feb 24
148 4 Sep 28 170 J'ly 15
"320 12 Aug
30 Jan 7
500 24 AuglO 6() Jiin 7
32,940 38% Sep 28 684 Mario
10,270 16 4 Oct 12 36% Jan
1,250 694 Oct 12 96 Feb
85 J'nelo 964 Mar 3
pref
WheelinKife Lake Erie...
Do Istpref
Do 2d pref
lOSi
37»8
*yy
15
•78
14Sj
19534
103^4
Do
UnitRyslnv'tof SanFran
70
17Sj IV Si
68 Sj 6S\
24 >2 253g
165 169^4
99 Sj 99 Sj
•6Sj
73t
4'4
yj
78
78
217
70
192
•102
66Sj 67
24*4 25 Si
•8
2634
14Sj
192S!
104
•26
•28
•15
'78
•las
76
2rii8
*
15
14^4
6 Si
51
fiuon Pacific
1
50
25 4
S4
•66
77
•213
214S2
pret
I>o
384
78
75 Si
•534
6Sj
•47
164Sil64=t,
10^8 11
38 Sj 38 Si
•io{"io3" 101 1U3
35
"164
•37 4
Hclit
<fc
& W. Y. tr. ctfs
Do pref. vot. tr. ctfs.
Twin City Rapid Tr.tnsit.
K,
174
24
8S2
•66
75
213
III4
36»4
•8
SSi
78
78
210
5 '2
76
Tol. St. L.
"78 >i "7834'
•87 Sj 89
11
11
44Si 45
ao
20
36 >« 37
62
7'^
A
9134
88 "4 89
stmpeil
ofs.
pref.
do
0. stock tr. ctfs...
'^pexM tfc Pacific
hint Avenue (N. Y.)...
Toledo Railways
34^8
Sj
1st pref
2il
Do
M. <fc
120
23
Week
Fr.JPMACoctls
Southern v.TT.
"25" "25'^
91
17
'8
•66
•73
207
28
67 '4 •67
•215
217'u217s, *214 218
17
•I6S1 19
•iO'a ly
'74
•75
•74
76
Sj
76S,
6"8
39^4
48",
Range lor Year 2903 Hange ror l^revioui
On ba^is oHVU-share lots
Year (lHO'i)
Shares
St Louis Southwestern..
Do pref
Sontheru Pacitic Co
20 S> 203i
78
78
*115
the
prof
C.&K.I.com stock tr ctls
14
33
23Sj
S6>8
4S
11
*6a
•72
•8
37>4
Po
Do
150
47%
Sales 01
STOCK
EXCHANGK
-Jo
St. L.feS
•222 227 •223 227S) •223 227 Si •223 228
47 "9 4y>4
47^^ 4S-8
48% 49%
47Sj 48>4
18^4 ao^j
1934 20 »8
19^ 20
1938 20
67^4 t;8S; •67Sa 68 Si
6818 t>8's
68
68
•29 Si 31
•a9Sj 30
•29Si 30Si •294 304
•81
•81
•81
yo
•81
90
90
90
•24
•24
•24
•24
30
30
29
29
•180 186 4183 183
185 187
190 190
"6
•6
"6
7
7
6
7
6
3
3
2^8
2^8
3
3
a^a 3
•11
•11
*11
•11
15
lo
124
12s,
778
8
8
8
8
84 8%
8>e
2SI4 28^4
2814
2814 29 4
28
28^4 28^4
•9
'9
•9
•914
10 Si
10 Si
lOSi
104
•28
*28
30
28
?28
30
2 9 '8 29^8
16
iy>4
18^4
18
18
18% 19 4
18%
77»4 79
7834
79
7 8 "4 78^1
78
79%
*3
•3
•3
3»4
34
^
3Sj
,2^
16i« 16S, •16
*16
*16
17
17
17
49'^ 49'-;
49 14 433,
49
494 50",
493f,
91 "a ya^B
92^4 931*
9234 93 14 a;91
91
*97'-jl2uSi 110 110
107 4107 4
'107Sj112
•83
85
85
92
85
{8514 85 14 •83
12534 1274
123% 12414 123 12334 123 126
• laosjiaa
• I20I2I22
121
122
iaos>i22
•
laei-i
-12634
125=8
125 "4 127
126 126
128
67
li
Dec.
40Sj
•13>4
•32
"'2i'^
"78"
26
16^
78
120
a4
ai'4 23
•3713 38 Sj
67
75
-lOSi
•16
•47
•25
20'^
73
JCVi/f/i..
'
•20
•91 Sj 92 Si
44 >8
>«
48H;
asi*
344
22
34 Si
47
20 Si
44
•47
24^^
88Sj
9
90
y>4
H,
t>2
'8
"78H"78Jfe
11
37
22
35
•21
22
"^
2038
117
120
120
•87^4
9
11
44>«
38%
a4't.
78">i'7"8';
Si)
jr. '8
lao
»88
89
Sio\
•10>a
"4
STOCKS
NEW YORK
"69 V.
•h")""
39 "fl 40 "4
39
•143 150 •145
•13'4
13 >s 13 Sj
•31 "4 33
47 Si 48>4
20 Sj 20^8
*77»a 78Sj
Tfiurstlau
Dec. 27
•6(3" "69"
41
150
40>«
1
I'SJCSS
[Vol. Lxxvir,
.Ian
7 ISO
.ran
'
234
Aor
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Uanks
VanckT
Sid
Ask.
200
Wii«h.H'litV 200
Bid
Uankx
Manufactrs". 325
Mechanical! - 230
YorkviUet
M«-rchant8'.. 115
375
Nas.sau
Nat City
BEOOKLV.t
North
Atlantic
!I...
105
Boroiigh'i
150
Jlroailwayl... 300
Brooklyn'
..
Cou'yIifcBB'
130
140
First
Siileli.
People'.s<,
Bid and
1
Sale at Stock
380
310
230
215
,
Exchange or
A sic
Bid
Trust Co's
Exchange Tr
Central Tr'at 1900 1975
City Trust... '270 310
Fifth Ave Tr
Guaranty Tr
Guardian Tr
Knick 'rb'k'r
Colonial
17th Ward;. 150
.Sprague
2104
StuyVtHUI ISO
Unionli
150
406" VVallaboutI 1.50
a.4K(;d. prices;
„.. ihi.s.:.,,.
,„.,,.
no sales on
day.
,,
Cos.
CITV
Bankers' Tr. 270
Cominonw'th
Continental
Eiistem Tr.
i
300
50
650
..
133
Empire State 175
Equitable Tr 675
700
o
th ta L)'» iiiares.
Er
FarmLo&Tr
325
70
1'28
l,e.-jt
at auction this week,
Bid
Ask
Y.
290
Bowl'gGreen t200
BroadwayTr. tl424
C'lli'tyB<fcTt 410
435
.
'
Ti-iiNt
.\.
We-iiSideTl.. 500
..
ASiC
BKOOKLYX
1
1
t
stock dividend.
1
Ex
3
1350
530
640
155
870
Lincoln Tr... t320
McV'ck'rRty 220
Manhattan .. 500
Mercantile .. 1000
Mercliant«'.. •200
.Metropolitan 550
rig/it»s.
Trust Co.
1400
550
665
Real Est Tr'l 390
StaiidardTr't 315
Tr Co of Aiu. 227
165
890
Union Trust 1395
230
1050
560
J. P. Alor^au
certilioites.
(i
'.\
Trust Co's Bid Ask TruMt Co's
Windsor
MortonTrust 890 910
Mut.AUiance 225 250
BKOOKLYN
1000
1100
LifediTr
NY
Brook yn Tr
N V Sec & Tr 950
Flat bush
North Amer. '260 260
USMtg&Tr
405
Unit States
H!»(14
.
" Vail N'deiiTr 220
Washington ;i90
cV:
410
335
232
14'25
430
t
230
Franklin
Hamilton
Kings Co
Bid
Ask
190
210
390
190
320
290
400
200
340
290
L I si Life Tr.
0'
25
350 375*
People's
Williamsb'g. 240 250
Nassau
Oo. cortuicalos.
Banks marked with a paragraph
(H)
*
>,
b.
banks
are State
f
s
New York
Exchange— Bond
Stock
BONDS
STOCK KXCHANGK
Wekk ExniM) DEC 25
"s-t
Price
Tliu rsilay
Ask Low
HiO.
V.
U
U
ouusul cuiipuu
tj 2:1
cll9:'>u
U b 2s cousol ic:; sumU..rfl93l)
U S 2s cuu.solc»iipsmiiU.(tl9oli
U S
U 8
U S
U
U
U
U
U
U
U
Ao
Loio
JHyh
10t>
109 i-i
lOU
108^4
U)7->4 10S>..
107'3Salo
S ;{s cuu siiiiill buutls../v'Uil^
/il907
b 4s reitisl«»re<l
/tl90T
y 4s ooupou
t>
resisWrwl
!S
Cuiiixiu
rei;istere«t
io9'-jno'^ 109
192.'>
192.'i
lUOl
ooupou
IOC lOGS. 1063(<Nov'03
106 Hj 107
IOC's Deo '03
190-1
'-J
loOi-j
1 10 "-J 1 11 jj llO-\,
133'4 134'* 133^4
133 '4 134 14 134 >4
LOl'4
101 i-j
lOli^
101'4
Nov'03
NovM.i
Aug'Oo
Noy'03
10
U2'4
ifiit
110%
VoreiKii (ioverniuriit
93
9 5 >u Feb '02
Fraiikiort-ou-Maiu S4s sor 1.. M-S
J'hese are price s on Ike oa sis 01 lour marks
J4
sih^Xov'oa
U S or Mexico s u 5s ol 18ysi
J hese a re pr ices u u ttie
I09I4 112
133^
136111
137'-j
:;ioii.. loli-j
134
1
'4
1013bl03\
do Liar.
96 la 98»t
lit)
as'ii'
ol .*6<o J5.
Sceiiritit'ii
Alabama cliuta A 4
Class B5s
Class C 4s
104% Sep
1906 J-J
1906 JJ
1901 J-J
to 5
192(i J-J
Ciirreucy tuuiUuu 4s
1921 b'-A
Disl ot Columbia o-6,"is
Liomsiumi uew cuusul 4s.. 1914 J-J
120
6s
1
191
A-O
lo^i-jJ'ly'Ol
19;!:*
J-J
120
96
Teuii uew settlemeut :{s..l9K> J-J
J-J
Small
Virginia tumt ilobt 2-3s...l99J J-J
68 deferred Browu Bros cUs.
954
121
106
121
106
.Mar'Oi
Nov'll3
93'.^Nov'()3
94
97
94 14
93113
931-2
96K 93 Lj Dec '03
7
Dec '03
7
95'.^
95
6I4
la
ICoili-onil
Alabama Cent
labu Mioi Aee
Albany >)t Susq
Del
•te
Hud
Allesheny Valley ixffFeuuKU
West ^ee Bull U <fc r
Dock tii Im Uti: Cuulot N J
AUe;,' A;
Am
Auu Arbor
1st
AlCli T <fc S l!"o
Kesislereil
5;
sou K
Kegistered
/tl995 Q-J
4s
4a... 1995 .V-O
1995 .\o
A1995 No\
/(1995 Nov
/t 199.1 M-N
Ailjustmeut g 4s
lieirislereil
.Stampeil
Kasl Okia Div 1st g 4s. .1928
Cliic & St LKJiiis 1st 6s. .1915
All Knox i .Nor Istg5s..l940
AIlaDtic Coast 1st i;4s./11952
Charles <& Sav 1st g 7s.. 1936
8av fd;
1st gold OS. .1934
19;;4
is t gold OS
St Joliu'sDiv 1st g 4s. 1934
Ala Mid Ist gu gold 5s 192^
Bruus «fc
1st gu g 4s 193fe
SU Sp Oca & (j gu « 4s 191^
Atlantic tfc ilanv tiee South liy
Atlantic lie Vadk Hee South Ky
Austin <is .N
Hee Sou Pacilu
I >at Creek <fc S Hee Mich Ceul
l>alt do Ohioprior lg3 'as.1925
W
W
AA
03
99-»4
88
87'-i
Sale
J-D
109
9318 Sale
I30I4
125
109
J-J
8684
93 12 93
i'l's"
J-J *ldO
.U-N
106
J-J
92-8
J-J
93 14
93'4
3
99^4 152
Dec '03
iV
S8
J'ly'03
93 ^
114 Kj Oct 'O
93
931.
16
125 '« Nov'03
123 Dec '99
02 Tg
971-2
1
97
1025e
92^4
86
75
75
92-'4
84
93 Hi 941-.
87'..,
i-j
9GI4
91
'
87
75
Sale
S
A-O
A-0
99 Id
9J-'>8Salc
VI-
MS
9314
,
891-2
95
i25i^i2"5ife
95'4Nov'01
111 Apr '03
87 Aug'Ol
91HjOct'03
111
'
112^4
911^ "96 1-2
J-J
Keijistered
Couv aeb4s
1911 M-a
P Juu <fc M i)iv 1st g 3'2Sl925 .\1-N
Kegisteied
j>1925 Q-l-
Kt.iiistered
Q-J
P L K & W Va Sysref 4sl941 -M-N
Southw Div 1st g3HiS...1925 J-J
/(.1925
Munou Kiv
Ist gu g 53. .1919 F-A
Ceu Ohio l4 1st cg4'2S.. 193(1 M-S
Pitts Clev & Tol 1st g 6s 1922 A-O
Pitts <fc West 1st g 4s. ..191'; J-J
J P
<fc Co certis
M
Beech Creek iiee N V C <fe H
BeUev tk Car nee Illinois Ceui
BkJyu 6i Moutauk 6ee bong
Briuis dk West .3«e Atl Coast Li
Bultiiio .N V dc Krie Hee Krie
Bilttalo K <fc P gen g 5s. ..1937
All da West 1st g 43 gU..199>-^
96
95
Sale
941-i
101
Sale
100\
t»9a4
94
"88" "89'
31
101
128
Oct 'o:.
Nov'U3
93 "s
89 ^4
89 Hi Sale
.
iYf"
...100
97
94
'•
9914103%
98^4 102 'e
94 106
8712 91
9412
93=8
893.,
86 Si 90^4
90'4 J'ly'Oj
114'4-J'neH)2
109^4 Oct 't'3
10 7 1^ Oct '9^
i-j
911.2
94
87 12 Nov'03
94 Hi Sale
106
96
Jan'u3
971..
109^4 109^4
98 Aug'03
100'4Feb'03
98
1001-2
100 '4 100 '4
1
ClilkJ
Midi
Boch
<te
lstgug5s
.M-S
194;; J-J
Pitts 1st g 6s. ..1921 F-A
1922 J-D
Southwest nee Krie
Bun ik Susy 1st ret g 4s.(/1951 J-J
Kegistered
dl951 J-J
Bur Cedar K <fc :s'o 1st 5s. 1996 J-U
Con 1st cfc col trust g 5s.. 1934 A-O
Kegistered
1934 A-O
CKIFi^X Wlstgu5s.l921 A.O
M & St 1. 1st gu g 73 1927 J-D
Canada Soutli Isl 5s
19Ub J-J
•2d 5s
1913 M-S
Cousol Ist g 6s
BuDalo
&
L
Kegistered
1913 M-S
<fc Shawn
Aee 111 Cent
CaroliiiaCeut 6ee Atl Coast L
Carthage <fc Ad Hee X 1' C ifc H
Ced K la f dc N nee B C li & :s
CeuBranch U P 1st g4s... 194s J-D
H3I2 Nov'03
II414.
100
.
ll-t
.
I2314.
120
100
112
124'4J'iie'03
12218 Nov'03
.
103
.
101'..il02
1
J'ne'O;
01^4
101'4
121 Apr '03
l2U'-jMar'03
118 Jan '02
II6I4
110
i093B
105
106'%.
loo's.
.
105
106
107
Dec'o
Aug'U3
92
J'ne'03
105-V
1181-2
9 102
IO512
1041-210878
..I
1041-2
107
Carb
Ceu Branch Ey nee
Oentrai Ohio
Mo
nee Balti
Kegistereil
9414
Ohio
N A & Ch Ist6s.l91l
ifc St Paul con 78 19o;
1914
Terminal gold 5s
GeneiiU g 43 series A..el989
el989
Kegistered
General g 3 Sjs series B.e 1989
1921
Chicfc LSuDivgSs
Chic <fc Mo Kiv Div 5s...l92t
1910
ChiCifc Pac Div 6s
1921
CliicJi P
lstg5s
t;iiic .Mil
Dak<fc Gt
Sog5s
116
107
113
IO4I2 10834
I22I2 1221-2
1041-2 J'ly'03
122i2Jan'03
103^4 104
10376
104
95
Sell '01
1
"-i
102
Bway<fc7ihAvlslcg5s 194;^
'No price Friday; latest price
A-O
J-J
J-J
M-N
FA
F-A
loo's IOC's IOOI4
108
109
100
100128016
85
110
108
100'4
Jan
Oct
'99
'03
'03
100 lo Sep
99 '2 101
85
85
85 "2 Jan '03
J-J
J-D
J-J
91
90
95
A-O
Oct
Keok
(fa
Des
M lst5s
Mmn St
90
9012
J'ne'OO
103
J-D
J-J
loy
Nov'Ol
....
112
11214
this weeK.
114
Mar'9t
113'4 Dec'03
1111-2
a Due Jan
Dec'03
tt
Due Apr
Ry 1st con g 5s 1911l.st g .58.1937
St Jo Ry Lt
St Paul City Cab con g 5s. 1937
Union El (Chic) Ist g 5s. .1945
United RRs San Frst 4s. 1927
United Rys St L 1st g 4s. 1934
Clue SC 40-yr coiisg 5s.l93tJ
H&P
W
IIOI4I20
110 11711
e
1121-2
1
104
99
Salt
U3=8
A-O 112 114
A-O 10&3,
A-O
M-N 105'8l06
.\1-N
A-U
A-O
M-N
IO834
108
11234
,
M-^•
F-A
I10VjH2
10 Vi J'ly'03
Dec '03
1141-2
11434
112 'e Oct '03
1023.1
10218
103 Apr'Ol
112 Miiy'03
lot's 1013^
95
95
Oct
10
1
1-2
20
5
ir^
9714104
98
92
112
'Oi
75S
7934
7934
101 14
94 4
109 '8
109 18
8334 Apr '02
10434 Apr'OO
101
'4
94
109 '8
1003.1
1051.^
105
100
83 »3
794
981-2 101111
891-2 97
109%
Nov'03
10034 104
Dec '03
Dec '03
IO2I2IO8I4
105 105
100 lOOiu
J'ly'03
IO5I4
114
114 11934
11278 1151^
IOOI4 10634
82
82
75
104
9918 10213
IO5I4
i'li" i20»i
127 14, 1271-2
108 J'ly'03
124^4 1303*
no's Nov'03
1061-2
Oct
167
'03
1-2
1-2
116i-2ll6i«s
11334 118<>8
-Sep '03
111
112
109
Nov'03
lOSViDec'Oo
10636 Oct '02
99
99
103
Nov'Ot-
11334
Dec '03
1-2
112
Dec '02
Jan '02
137 1-2 J 'ly '99
119 Dec'Oo
1073^ 107\
183 Feb '03
11338 Oct 'Ob
105i4J'ly'0S
Hi
103
UCalU'*
111»4 Dec'03
11034 ljec'63
111
165
113i«
11138
178
108
11334
II7I2
Ill's
lie 11934
107=8 10734
183
10
185
112^4 115
105 '4 105 14
1101-2
1131a
10978 11315
112 117
113 113
116
130
101
10
119
134
104 Hi
95I2IOI
112 11334
110181121a
Dec '03
no
109 1-2 Dec '03
106
10634 I0712
10378 109
10634 -Mar'03
1051b 105 V
104 Sep '03
110
LIO
114 Oct '01
11412 Aug'03
104
104
10512 112
1141-2118111
May'Ol
123
107 14
Nov'02
Oct '02
10558 Nov'03
10234
106
108
105 ic
10559
Ill's
120
111'4
111'4
12775 Dec'Oo
11934
11934
13176
1421-2
132
102
107
12473
121 '8
104 Sale
13134 Dec'03
107 ig Feb '01
109 Sep '03
12818
6834 Sale
12434
105=8 105=8
U0=8U538
127^8 132=8
1141-2
128=6 13318
109 109
121i4l27>a
120 "2 127
99 108
107 107
98
93
12434
Nov'03
125
10338
104
107 Jan '03
98 Aug'03
9978J'ne'02
99i2J'ly'02
9938J'ne'02
87 Aug'03
6734
o9'..
784
8&'4 Jan '03
911-2
73 14
741-2
109 Mar' 03
95 14 Oct '03
90 Oct '03
9514
104'4
9434 Jan '03
104i2Nov'0
741-2
Sale
104
95'4
125
Feb '02
'293
82 '2 95
6734 89
88 '4 881*
69 12 8934
107 109
95 '4 9838
93
90
9434
9434
1041210819
A-O
.H-S
.M-S
J-J
J-J
F-A
F-A
J-J
Sale
89
ni5
115
96
11818119
96
98
105
\06i2
88
115
115
90
Dec'03
115
41
"o
88
112
96 Ju
121
II4I2 12114
9534 10 91
9834
Dec'03 '"2 115 122
9414IO2I3
9634
9634
106 Oct '99
110 J'ne'02
9512
119
.MN '100
J-J
IO9I4 Apr'03
A-O
A-O
109'2Dec'9;t
75
^2
-Sale
75'4
75=<.
843oJ'ne'03
99 Dec '9?
J-J
.M-N
10914113
7i'
75
80 14
84
8578
G L Co 1st g 5s. ..1947 J-D
U Gas 1st con g 5s. 1945
Atlanta
Bklyn
Due May yDuej'ne
1«
10438 108
113 11779
105 11038
136 Hs
12 7
113 121»s
".J
Q-F
AO
10814 1131-2
1001-2
1001-2
U3I4
113-^ 113'-2
112'8
112 '-2 112
11618
1161- Dec'03
11034 1L21-: 113
Oct '03
1141-2
116 J'ly'03
131 '»
131 Dec '03
F-A
.M-N
r.:534 I331.J
11034
1001-2
27
103 103
126 '4 134
Dec '03
IOOI4
16
and Electric Light
Cias
J-J
F-A
J-D
II2I2
80
39 7g
I'ajie.
W
'03 ....
128
111
113-8
107'4
l-'-A
1905 J-J
1905 J-J
1923 A-O
1-23
Street Railway
18 991410712 Met St Ry— rC'o»i;Ket g 4s2002
Col<fc9thAvlstgu g 5s. 1993
Lex Av tie P F 1st gu g 5s 1993
io6"iio"
Third Ave KR con gii 4s 2000
98 102 '-2
Third Ave Ry 1st g5s..l937
161 94 10414
89I12 .Met
S El (Chic) 1st g 4s. 193,>81
1
8512 85 '2 Mil El Ry & L 30- JT g 5s.l92i,
J-J
J-J
J-J
J-i)
J-1)
Q-F
109
llo^hl^t^'OW
108 14
107
191 3 Jl-S
JExteusiou 4s
.tlLSCELI^AXiiOUsS BO.NU.'S—Continued on Next
Street liailvi-ay
Brooklyn Rap Tr g 5s
1945
At! AV Bklyn imp g 5s.. 1934
BkCiTy 1st con 5s. 1916, 1941
Bk ti Co <fc S con gu g 53. 1941
Bklyn Un El 1st g 4-5s.l950
Kings Co El 1st g 43
1949
Nassau Elec mi g 4s
1951
City & S Ry Bait ist g 53.1922
Coun Ky<Ss List cfc relg 4128 '51
Den Con Tr Co 1st g 5s... 1933
Den Tram Co con g6s..l91u
Mel Ky Co 1st gu g 63. .1911
Dei Cit St Ry 1st con g 5s. 1905
•Gr icapiils Ry 1st g5s...al916
Louis Ry Co Isl con g5s..l93(
Market St C Ry 1st g 0s..l913
Mel St Ry gen col tr g 58.1997
116=8
111'8
12934
J-J
J-J
J-J
J-J
J-J
1-.
128
1 11
Choc Ok <fc G gen g 53 .ol919 J-J
Des M & Ft D 1st 43
1905 J-J
109
20
10434
Kegistered
1917 J-J
General gold 4s
1988 J-J
Kegistered
1988 J-J
Coll trust Series B 4s. ..1904 M-X
H4s
1910 M-M
1915 M-N
M43
N 43
1916 M-N
P48.1918 M N
Chic K I <fc Pac RR 4s..2o02 M-N
Regi.itered
2002 .M N
Ist 2
,1945
1 945
19
92 Ai.g'02
IO8I4 Sep102 Jiu'9'.'
103 J'ly'03
13034
l;!0'4
J/iy/l
23
61
1
116i->Apr'03
118 Dec'o.;
115'4
117 '4
190.-4
1879-1929
Kegi.stered
1909
Debenture 5s
1909
Kegistered
1921
Debenture 5s
Kegister6<i
1921
1933
.Sinking fund deb 5s
Kegistered
1933
DesMo&Minn 1st 7s. .1907
;;1945
.
.
1911
Exten lst78
li
12634
.
1924
1910
1919
LaCrosseife D Ist 5s
191((
Mineral Point Div 5s
1910
So Minn Div lst6s
1909
Southwest Div 1st 6s
Wiscfc Minn Divg5s... .1921
Mil<fc No IstM L 6s. ...1910
1913
l8t consol 6s
1915
Chic& North\vcons7s
1886-1926
Kxtensiou 4s
Kegistered
1886-1920
1987
General gold 3 '•2s
P.egi.st ered
j>1987
Sinking land 6s. ..1879-1299
1879-1929
Kegistered
Sinking tund 5s. ..1879-1929
311.J II
.
.
191t
Far & Sou assu g68
Hasldi DDivlst7s
IO518..-
So Low
18
70
281-2
105
Since
January 1
JUilh
Loio
Range
~-5
114
114 1141-2 114
1051-1 Dec '1)3
106 107
129 18.... 129-iBOcr '03
II41-JII5
115 Dec'03
120 Dec '02
11434
111 Sep '03
J-J *109'8.
J-J 110^8
J-J 168
J-J 112
J-J llOia.
Q-J
W
Coll trust gold 5s
Ceu H K & B ot (ja col g 5s 1937
Cent ot Ga KK Ist g 5s. .^1945
Kegistered
Cousol gold 53
92
Pac
&
Louisv
Ist5s.l93(i J-J
Chicago & Erie nee Erie
Chic In <k Louisv ref 6s. ..1947 J-J
.u-s
MUw& Madison Ist6s..l90.j Wl-S
1910
North lUmois 1st 5s
Ott C F & St Paul 1st 5s 1909 M-S
124'4l'i8
Winona <fe St Pet 2d 7s. .1907 M-N
12218 12538
MU LS<fcWesl 1st gOs 1921 M-K
Kxt & Imp slund g 5s 1929 F-A
Asliland Div 1st g 63. .1925 M-b
100:'4 105
Mich Div 1st g 6s
1924 J-J
Convertible deb 5s
1907 F-A
120 122
1201-2 12012
Incomes
1911 M-K
Chic Kock Isl & Pac 63... 1917 J-J
Apr'97
103
937 M-N
IndC Ky
l&
/il925 Q-J
/tiy4» A-O
/il94b Q-J
tiold4s
1
Chic<fc
IscSs
W
Rei?islered
4iia
Ask
Gi\—( VoiUinutd
i>9
70
Isl pref ineomeg f>»
})1945 Oct
31
30
2d prct income g 5s
|>1945 Dot
•201-2 Sale
3il prof inc^ime g 5s
pl9 15 Oct
Cliatt Div pur moll g 4s. 1951 J-D
104
li'i
J-J
M;U5 .t Nor Div Ist g 5s.l9
1917 J-J 103 '4
Mill (iaite .\I1 Div 5s
1051-2
194i;
MobilK Div 1st K 5s
130»8
Ceut ot N J gen'l gold os.l9S7
1273.
-4
Regist erod
/t 1 9.s7
•2
1121-J
Am Dock iV; Imp gu 5s.. 1921
101
Lo lb Uud K gfil gug5s 1920
103
1912
M-N
Leh & Wilks li Coal 58..
100
(;1910 Q-.\l 100
Con ext guar 41-23
N V & Long Br gen g 4s '.941 .MS 103
Cent I'acitio nee So Pacilic Co
t;lia8 <& Sav See Atl Coast Line
Clies * Ohio g 6s 8or A.. /t 1908 A-O 1071b
a 1911 .\-o 1111-2
Gold 6s
1939 M-N 1141-2 115
1st cousol K 5a
1939 M-.N 1131-2
Kegistered
1992 M-S 10218 Sale
General gold 41-2S
199-. M-S
101
Kegistered
Oraig Valley Ist g Ss. . 1940 J-J 109 S>
101^4 Sale
Kcte A Div 1 St con g 48.. 1989 J-J
19S9 J-J «95
2d consol g48
Warm Spr Val 1st K58..1941 M-S 106
Oreoubrier Ky Istgugls '40 M-N
81
82
ChiCib Alt KK ret g 3s. ..1949 A-O
75 '4 751-2
KaiLway Ist lieu 31^8. ..1950 J-J
1 9(TO J-J
Kegistered
Chic B <fc Q— Ch <fc laD OS 1905 FA
192 FA 10034 .--Denver Div 48
95
1949 J-J
Illinois Div3i-2S
Iowa Div sink fund 58. .1919 A-O 109 ....
1919 A-O lOlSj
Sulking fund 4s
Nebraska Ii.N.tensiou 48.1927 M-N 105»8 106
192 M-K
Kegistered
99 12.
1921 M-S
Southwestern Div 48
Criitriil ot
Joint bonds Sec Great North
1913
Debenture 58
Hau <fc St Jos consol 6s. .1911
1907
Chic& Ji 111 Ists r cur 6s.
1934
1st consol g 6s
1937 .U-N
General consol IstSs
,-)cf So Ky
At Coatst Line
i>ee
IVeelCs
JSange or
Last Sale
,
lS'ov'02
•J4
2.'i
3_
tVice
Thursday
Deo 34
. .
09 '4 Oct
iu2'-jMar'02
111
.Mar'li2
121
Miir'03
106 Apr '03
lOOi-ileb'y
Small
1894-1995 J-J
Mls^puri tuuttiuK
Nonli Caroliua cousol 43.1911' J-J
So Caroliua 4 "-js 20-40
'02
'00
1
^1
,
to
I
State
1
107 •« Nov"(l3
106^4 1 09 '4
107^8
107 v
106 S 110
107 J'lie'U'J
ibd'-l!!"!! 107 i-i Kov'O:; "li'lllijVrCibYis
Jtl91>
«;1918
OS ooupoii
3s rej; suuiU bouil».A'19l!<
;is ri'u'ist.TOil
4s
4s
!> 5s
S 58
J/H//I
C<o\-eruiiient
!S.
S 2s consul rogisU'iea.(U9Slf Q-J
STOCK EXCHANOK
Wkkk Endinu Dkc
N. Y.
Since
January
I'A<;ES
BONUS
Sanot
Week's
Kanii« or
Last Sale
Weekly and Yearly
Record, Friday,
OtJCUFYlN«J KOl'K
N. Y.
L
)
:
.iiDaeJ'ly
fc
113
Sale
Duo Aug oDue Oct
113
^i
113
112 '4 117
Due Nov soptiou
sale
—Continued—Page
2378
Bond Kecord
BONDS
STOCK EXCHANGE
Week ExDrNO I>ec 26
N. T.
Prief
WeeK's
Thursday
J}anii» or
Dee
Last
-^4
'
1st 6s...l'.>S0 J-.T
St P it S City 1st s 6s...U>li_> A-0
OhiCiiso Ter Trans !r4s...l'.U J-J
Chu-^t West l:ias»"u sOsi/Ui.S'J Q-il
Chu-
\V -Mich See Pere
ifc
H
<te
D
consul s
t
78...1i»0o
WJfc MDivlst!r4s.Hti>l j-j
St L Uiv 1st (X)l tr g 4s.. 1990 M-N
Ciii
Re«i9tereil
1
&
i^Ki
/cl93li Q-IIst poU14s
Kegistereit
tl9;!0
Jfe CI con 1st g5s..l9JS
I
W
1\ak
<fc
Gl So See CM
& St V
Waco See M K T
1st 7s. ..1914
1915
Ist cousol guar 7s
1st ret
KU gSSiS
N Y Lack
<fc
W Ist 63... 1921
Construction 5s
1923
Term & Improve 4s
1 923
Syr Bing it 5r Y 1st 73. .1900
Warrt-u 1st relgu go "^8.2000
Del & Hud 1st Pa Div 78.1917
Kegislereil
1917
Albifc Sus Ist con gu 78.1906
Registered
1906
truar gold 6s
1906
1906
Kegistere<i
Bens & Saratoga 1st 78.1921
Registered
1921
Del Riv RR Bridge see Pa RR
Deuvtfc R Grist con g 4s. 1936
Consol gold 4 '•23
1936
Improvement gold oa... 1928
EioGr West 1st g 4s
1939
Consol and col trust 4s 1949
Utiili Cent 1st gug48 ol917
Rio Gr So gu See Rio Gr So
Den & S West gen s g 5s 1929
,
;i7i.,
100 "sale
loo
100
.
J-J
A-O 100 i-j.
1
i'o'i'i^Nov'oi
97
97
62
.\pr
62
A-O
lll>-i
11214
J-J
11758.
12s
Sale
97
62
93
55
109
112'4
100
82
II2I4
W
K
W
J-J
FA
GO I3 Sale
fee's
Saie
HA
S
ifc
1st g 4s... 1928
See So Pac Co
A
Registered
1st gold 3%s
Registered
1951
1951
Nov'03
103
112
Dec '03
J'no'02
105%.
107
Dec'03
99
103
71
105
Mar'98
29
54
601-j
54
80^8
841a
86% 33 82
941-2
Extended lstg3%s
1951
1951
1952
Ist gold 3s sterling
M-N
J-J
F-A
11218.
128»8.
13018.
lll^gDeCOS
lll''8ll7
I2912
I30I4
1291413312
130 1341-2
127
140
.
129;%
Il3i8ll4
100
M-N
A-O 109'4
FA
M-S 136=8.
M-S
A-O 107=^
A-O 10738
A-O 105'2l06
A-O 104%
M-N 141»a
M-N 140
129H.
I3014
Oct '98
13OI2 13OI9
113 Dec '03
10134 Sep '03
109 Nov'l)3
102 Peb'03
136i2J'ly'03
149 Aug'Ol
12634 1311-2
10834 115
10134 103
107i2Dec'03
122 J'ne'99
105 "«
1051^2
107
111*4
ibs"
ios'i^
l(;8i<2ll338
102
136
102
I3718
11138 Feb'02
14334 Nov'02
147i2J'ne'02
J-J
A-O
A-O
99 lu
99 7t
106»8May'03
Sale 103
103
97
Sale
97
«lia
84 Dec '03
97 Jan '02
99^8 Sale
107
103
97
J-D
35
35
35
M-N
98Vi.
J-D
J-D
J-D
92"2.
111
JJ
92%
96
MS
A-O 110
A-O
J-J
J-J
111
1950
Cairo Bridge gold 4s
Louisville Div gold 3 %s 1 9 5 3
114'2 II4112 Nov'03
11138115
75% 85
92
M-N 109
M-S 112^8
M-S 1111.2
AG
J-D
M-S
MS
J-J
J-J
J-J
J-J
114
112
98^4 Sale
«6<58
F-A
90
J-D
J-J
12434
Sale
9034
M-N 117 ...
A-O 101 ....
A-O 12934 ...
M-N 113 ...
J-J 11438-M-N 107=8...
J-J
M-N
10212 104
II2I4 ....
114
114
111
II3I4
llli-^
111^312
II312
113V2ll3%
lOl'slOl^g
131 139
130 135
130 Aug'03
98 14
9334 82
97 May'03
108
8638
87
SO
9914
125i->J'ne*03
II712
106
II712
50
9534
9934
98
79% 88
97
87
9414
12512130 1*
11534121%
Aug'O
13018 Nov'03
112i.2Nov'03
113 1^ Nov'03
109 Oct '98
11034 llHi! IIOI2 llO^,
F-A
F-A
May'03
Nov'03
101'sJ'iie'03
131-2Nov'0L-i
1111-2
1131-2
1131*
101»8
132=8
1301s
II2I2II5
Oct '03
12834
112
134%
112%
112% 114
108
114
99 Nov'03
103
103
110i2Nov'03
108
il"l"i)(ic''03
iio"ii2%
10734 Nov'03
107% 112
9734 103
99 106=8
117
S««PG<S!CCo
Con Gas Co See P G & C Co
Detroit City GasgSs
1923 J-J
Det Gas Co con 1st g 58. ..1918 FA
EdEUUBkn SeeKCoEL<feP
Ed E 111 Se« N Y G & E L H & P
71
74
J'ne'03
74
it
Wist g5s.. 1937
1941
Erie
98% 98%
98%
105
J'ne'03
105
105
112
Nov'03
112
112
'03
Oct
92=8 159
92
9038 Dec '03
G
G
LN
y
1st con g 58.. 1932
M-S
112
85
100
105
87% 95
89
94%
105
105
10 10238 106%
106
106%
15 104
109%
100
J'ue'03
100
10534
112% 114
99% 102"
94
94
99% 99%
106% 106%
94%
.
84
94%
91% Oct
101% Oct
93
8534
Nov'OO
100
103% Sep
115%.
96
124 May'Ol
90 Nov'9S
119 Nov'03
117 Oct '03
104=8Apr'02
10234 104
102% Dec'03
99
82
91% 97
'03
'99
IO634
11734.
117 14.
91% 99
Mav'99
Dec'03
123
82
103% ill
'03
118
117
325%
117
102% 106%
ibi"Mar'02
108
10734
107% Sep '03
107% Dec '02
.
.
97
118%120
99
Sale
70
109
Sop
107% 107%
'03
97
118%Dec'03
98%
70
99
Nov'()3
109%
109%
89%
89-4
69%
Sale
117%...
112 ...
109
V Ter Ry Isl gu g 5s. 1941
Registered
1941
V Coal Co 1st gu g 58.1933
& N Y Ist guar g4s.. 1945
1945
Registered
E1C& N 1st g 1st pf 68.1914
Gold guar 5s
1914
68=8
102
123%
94% 100
11812
41
70
108
4 88
"i>
75
115%
93%
Oct '00
118
112
Nov'03
Dec'03
Nov'03
111% 111
64%
69%
63
7138
115%120
109
113=8
109% 114%
110%Feb'02
107% 107% 107% 25 104
107%...
*
108%
10634 109%J'ue'0:i
113
Leh
Leh
108%
...
109% Oct
94
& Hud R See Cent of N J
& WUkesb SeeCentolNJ
Leroy
Caney Val See Mo P
'99
104% 105
94
Dec'03
94
91
97
100
Mar'03
100
100
Jan
118
118
109
Sale
113%114
n3=8-J'ne'03
Leh
Leh
cfc
Long Dock See Erie
Long Island
A.1931
/il931
117
118
1938
1922
1932
Gold 48
1949
Unitied gold 4s
Debenture gold 58
1934
Bklyucfe Mont lstg6s.. 1911
191]
l8t58
100
100
Ist consol g 5s
1st consol gold 4s
General gold 4s
Ferry gold 4%s
N yB&MBl8tcong5sl93.T
1927
N Y& RB 1st g5s
Nor ShB 1st con g gu58 ol93'.
Louisv & Nashv gen g 6s. 1930
Gold 58
Unified gold 48
Registered
Coll trust gold 5s
E H<fc Nash 1st g 6s
10034 102
'03
100% 102
'03
'02
96% 100%
104% 105^8 105 Mar'03
112 Mar'02
108%
112% Jan '02
105%
105 .... 112% Apr '02
105% 105%
99
9334
HI
Dec
Jan
11034 II214
-^4
Dec'03
116
116
1937
1940
1940
11034
10034 Sale
110% Dec 'O:',
1931
109
111
1919
99%10ii%
Dec'03
100% Nov'03
100 Oct '00
10035)
100
109
113
10034
Jan
20
114%118
110% 113
97% 101%
'0'.
11434
Dec'O:-.
109
Nov'03
111%114%
on Next Page.
and Electric
Lif^lit
Mnt B^el Gas Co
See Peop Gas
Cons Gas con g 5s 1948
g 58.. .1948
Purchase money g 4s. ..1949
Ed El 111 1st conv g 5s. .1910
1995
Ist consol gold5s
J-D ao3
J-D
107% 107
90%
F-A
!)0%
104
M-S 104
107%
102%112
91
104
87
102
114
Aug'03
101
J-J 116 119%
NY<tQKlL&Pl.stcong5sl930 F-A 101 ....
P G <fc E g 58.1949 M-S
Paterson
101% J'ly'03
See P G <fc C Co
PeoGas&C Ist gTi g 6S..1904 M-N 100=8
<fc Fuel
1904 J-D 100 '4
100% Dec '03
Ga«<Ss ElecBergCoc g53.1949 JD
2d guar gold 6s
61% Oct '01
117% 117%
1943 A-O 116
Gm Kli^ctnc deb g 3%8..1942 F-A 86
Ist con gold 68
87 D»jc'03
8334 87
104 Nnv'03
1947 M-S 105
Refunding gold 5s
Gr Ba^G L Co Ist g 5s.. .1915 FA
10734 Dec '00
Hudson Co fiiw 1st g 5s. .1949 M N ioi"
ChG-L<feCkelstgug5s 1937 J-J 107% 108 10734 10734
102 Oct '03
ibi"io5'%
58.
104
104%
104%
Sale
gug
'36
J-D
Kings Co El L<fe Pg 53. ..1937 A-O
Con G Co of Ch 1st
102% Dec '03
Purchase money 63
1997 A-O 116% 120 115% Nov'03
Eq G <fe F Ch 1st gu g 6s. 1905 J-J 102=8
113%125
100 Nov'03
Ed El Xl Bkn Istcon g48 1939 J-J
93 14 May'03
Mu Fuel Gas 1st gug 58. 1947 M-N
93% 96%
98 Sj
Lac Gas Lot St L Ist g 58. el 919 Q-F 105 '2 Sale 105% 105%
10234 108% Syracuse Lighting Ist g 58. '51 J-D
Feb '01
lO'j
M-S
Milwaukct: Gas L 1st 4.s..l9'j M-N
1949
103
87
El
1st
5s..
87i4Dec*03
g
87%
87% Trenton G
14
Mo price Friday; latest bid and aakedthi8 week. aDaeJan i)DueFeb dDaeApr eDue.viay ^iDueJ'ly fcDueAac Due Oct ijDueDec
Efj
Efj
11284
70
100% Mar'03
Leh
Newark
92% 99
102%
102% 104%
1940
N YGELH& P
97
102
72%
101% 10334
1950
2d gold 5s
BONUS—(Continued
797.
103
73
10234
M
North Ohio Ist gug 5s.. 1945
L Slio & Mich S See N Y Cent
Lehigh Val (Pa) coU g 5s. 1997
Leh Val N Y 1st gu g 4%s.l940
(<a»
A-O
107
Nov'03
Oct '01
80
W
Registered
115
107
102 Dec '03
104=8 May'0'>
102
112%
1951
Gold3%s
1951
Registered
1951
Meiuph Div 1st g 4s.. .1951
Registered
1951
St L Sou 1st gu g 4s. ...1931
Ind Bl & West See C C C cfc St L
1935
IndDec<fe
1st g 5s
1st guar gold 5s
1935
Ind I11& la 1st g 4s
1950
Lake
106
103
102
94
Registered
Registered
80
High
122%
101
Kentucky Cent See L <fe N
100 Hi Keok & Des Mo See C R I <fe P
93I2 KnoxviUe <fe Ohio See So Ry
10818 114
1
103%.
10438.
1953
1921
Middle Divreg5s
St Louis Div gold 38. ...1951
Registered
1951
Gold 3%s
1951
Registered
1951
Spring Div 1st g 3%3...1951
Western Lines 1st g 4s.. 1951
Registered
1951
Bellev & Car Ist 6s
1923
Carb<feShaw Ist g 4s... 1932
Chic St L & N O g 58.. .1951
M
93
91
116
100
Oct '03
113%Mar'0t)
99% Oct '03
94 Mar'03
9914001 'Oi
98%.
Kan C & Pacilio See M K & T
Kan City Sou Ist gold 38.. 1950
93 Dec '03
93 Dec 'OS
75i2Aug'03
74
86i2Xov'03
nils 111 Dec'03
M-N 114
Sale
1953
Registered
l.niu
114
1909
3d gold 4s
24 971410014
1921
10414107
Iowa Central let gold 58.. 1938
26 103 108
Refunding g4s
1951
Jetlerson RR See Erie
6 94
99
&
MS
82
&
G
R
See
L
S
92
A
Kal
an & Mich See Tol <fe O C
K C Ft S &
See St L & S F
35
K C & R <fc B See St L <fe S F
80
.
75
106% Sale
Int& GreatNorlstg6s..l919
Feb '01
Sale
100
2d gold 5s
y-j
J-D
J-J
.
1952
Registered
A-O
.
19,") 1
Registered
l>Xl!»C£L.LiA.N£UlIS
ChGL&CCo
RioGr
Har
1103,
.
Regis $5,0(io each... 1943 M-N
MiiiiiRoIX J 1st g 6s. 1910 A-O 11034
WUlcfc Ea l8tgug58.1942 J-D 105 12 108
(•an and Electric U«:lit
Buflalo Ga« Ist g 5s
1947
tell
Hii/h JVo
103
107
LN 0<fc Tex gold 4s.... 1953
<fc
1947
Erie 1st ext gold 4s
2d ext gold 5s
1919
8dext goid4>2S
VJ'Z.i
1920
4th ext gold 58
6tli ext gold 48
192&
1920
Ist consol gold 7s
.8t consol g fund 7s
1920
Erie 1st con g 4s prior. .1996
Registered
1990
i^t cousol gen lien g 48.. 1996
Registered
1996
1-951
Penii Coll tr g 4s
BultN V<fc Erie Ist 78.. 19 16
gold Os
1908
Bntl <fc S
Chic<fc Ene Ist gold 5s.. 1982
ol90H
Jen RR l8t gu g 58
Long Dock cousol g 68.. 1935
Coalib RR 1st cur gu 68. 192'.i
Dock <fe Imp 1st cur 6».. 1913
Y <fe Greeji L gu g 5s. 1946
Xv Y Sus &
l8t ref 58.1937
2d gold 4^23
1937
General gold 5s
1940
Terminal 1st gold 5s. . . 1943
/
Ask Low
Jiange
Since
January
M ar
W&DenC Ist g 6s. ...1921
ColiaYust gold 4s
J'ne'02
<fc
Det <k Alack 1st lien g 4s. 1995
Gold 43
1995
1951
Det Sou 1st g 4s
Sou
Div
s;
Ohio
1st
4s. ..1941
Dal<& Iron Range 1st 5s. .1937
Registered
1937
2d 6s
1916
Dnl So Shore <fc Atl g 53. .1937
I^astotilinn ij>?eStP Jl&M
Xjast Ten Va & Ga See So Ry
Elgin Jol & East 1st g 58.1941
Elm Cort <fc >; o See Leh & >.' Y
See Pore
FlaCitPemn 6V<! Sea Air Line
fort St U D Co Istg4%s.l941
W
Q-J
A-O
Pere M
WeeK'i
Jiange or
Last sale
118%.
iTal
Hotl8S21st5s.l913 A-O
iiiviiis"
Georgia ifc Ala See Sea A Line
Ga Car <S; Nor See Sea .-V Line
Georsna Pitcitic See So Rv
Gila V G <fe Nor See So Pac Co
95!^
96
24 95 103
Gouv <fe Oswegat See N Y Cent
lOli-jOct '02
Grand Rap & Ind See Penn RR
9S Nov'03
96 100
Gray's Pt Term See St L S
100
100
99 IO3I2 Gt Nor— C B & Q coU tr4s 1921
'02
103 Oct
Registered. ;i
1921 Q-J
102 Dec '02
Greenbrier Kv See dies it O
94I2 95
941-2 Ang'03
Gulf <fe S list ret ifctg 5s bl9y. J-J
an & St Jo SeeCB&Q
9734' io-i'
100 Deo "03
ousatonic See N Y N H & H
Hock Val l8tcon8olg4%s.l999
11278 Nov'03
1999
lll»8ll4'4
Registere<l
1'20
J'ly'03
120 129
Cofifc H V 1st ext g4s.. 1948
Houst E <fc \V Tex See So Pac
130 Dec '03
1271^13338 Houst&TexCen See So Pac Co
Illinois Central 1st g 43.. 1951
,
DesMoKtFtD 6eeCR&IP
KW
Des Al & Minn See Ch
DesMoi Un Ry 1st g 5s. .1917
Tol
M
So
Det M
See L S &
Evtt Ind Istcou gug63..1926
F^argo & So SeeCh M ct st P
lint it
:i4
Bid
H
112^8.
121»4
12112.
129
J-D
1915 J-D
2000 J-D
KeeisiereU
112'alU
.
'aUas it
<fe
Del Lack <fc Western 7s... 1907 .M-S
Momsifc Essex
105
96 Sale
98 "^
104 12 104 1-2
104»aDec'03
113 Oct '00
lis
113
MS
Cla S
oonsol7s
1914
Consolsiuk tuml78
1914
General consoi gold 6s. 19:;4
19S4
Kect8tere<l
Inrt lil it \V 1st vret 4s. 1940
1st i<f 5s...(a938
O Ind Ji
Peo& Kaat 1 si con 4s... 1940
1990
Income 4s
CI Lor & V\Ti con 1st g 5s. 1933
Clev Jt .Marittta See Peiiu KK
Clev it .Malum Val c us. ..1938
Clev <fc I'ltts See Ponn Co
Col Miillan.i 1st l' 4s
1947
Colorado & Son Ist g 4s... 1929
Coluni * (jreeuv Sc^ So Ky
Col .fc Hock Val See Hock Val
Col Conn it Term See >' & "W
Coun it Pas Kivs 1st e 4s. 1943
104 J,
M-N
Col Div 1st g 43. .1940
\V Val Uiv 1st g 4s.. .1940 J-J
I St L<fc C consul 03..19J0 M-N
CCCiV-
9234
Ft Wife
A-O
Cm
C
13 6 'k
95 1.."
130»4l37
126 126
10 121 1260^
71 % SO
109>2lUis^
Dec
Ist general gold 53
1942
Mt Veri\on 1st gold 6s.. 19
Sull Co Branch 1st g 5s. 1930
Ft
1087 J-J
4H.S
CiuDifcl Ist frog 58... 1941 Nl-N
C I St L ifc C iSee C C C <fc St L
Cin S Jfc C S^« G C C St L.
Clearoehl & Mali See B R .t 1
CUv
C it St L cen g 48 1993 j-n
Cairu Uiv 1st jtoKl 4s
lyo!' J-J
W
76>«Deo'03
109»2Oct'0o
77
110
1281-2
Marq
'iilgolit
Snr
l.'lHaSnle
Prtcf
TJiurstlay
N. T.
Si7iie
*VfCKI*P
ChocOifcGuK
Cin
'126 Sep '03
121»o 12m;
1;>1'4
BONUS
£ange
STOCK EXCHANGE
SaU
Jamtani i
Week Kndino Dec 25
High No Loie High Erie & Pitts -SV« Penn Co
•Evans it T H 1st cons 6s. 1921
Bxd
jlak Low
Chicfe StL- SfeAtchT&SaFe
Chic St L.& >.' O ate 111 Cent
Clue St Li & Pitts iSf<'PeiinCo
Cluo St P M ife b con 6s...li»S0 J.Ji ISO^-iSale 13014 loOi^
90»4
0234
93
Cous OS rftliKetl to 3S;8.H'St> J-D
KUH-jDecOa
Ch 6t P it Miuu 1st k63 liUS M-K 130 Si
Kor Wisoousiu
§•3
[Vol. Lxxvn.
2
114
101
<fc
97%
107 d
119 ,j
99% 107%
101 103%
100 102%
116 125%
103 107%
100 109
102 "2 108%
101% 103%
100
105
.
<fc
s Option
sale
—
Dec.
;
Bond Record— Continued— Page
26, 1903.J
BONUS
EXOHANOE s^
Week Knuing Dec 25
N. Y. STt>CK
IjOuisv
Xasliv
(fa
L Cin & Lex irolil 4 S-s. ..
1
1st jjoUl t)S
Jt L'lltolil C.s
1'Sl
M-N
Week'!
Kanxje
ltOM>!S
Prie*
sineti
N. Y. .'^TOCK E.VCFI.A.NOK
Thursday
Dec 24
a;« January
Last Sale
High No Lou> HUih
108 '4 Jan '03
108 '4 108 '4
12(>>4 Dec 03
120'4 129
103 »4.
123
1st soli* 6s
1921 M-S
3s
li>SOM-S
Hi'ikUt B<tirelst3fK»>s.l!'Sl
107^
113
98 '- Salo
104 "8
9810
98 '2
107 J'ne'03
89 Si
90 Hi
.
LDiv
KPntucky Cent uoUl 4s.
J J
l!»S7l
.
L&X & -M .V M 1st g4«-j8 li)4r.
LA N-SouUi M.Joiut4s.l;).".2
Registered
j2
N Flaifc S 1st fmK59...1ll;}7
-
M-S
J-J
Peusifc All l8tKUg6s..H'21
FA
S
F-A
X
con itu i;
Sinkfiind jiolilGs
Aljk
LA Jen
58..1i*;if>
191(1 A-()
BilgeCo!rn>,'4s..lU4y M-S
See C I <fc L
CVmU See L S A
S
L N A A Ch
Mahou
W
110
100
Dec '03
...
...
84
Mar'03
Mar'Ol
102
llOKtbale
Registered
Malion
Hi
00
71
14'a.
7>a "8'a
lO-lia
108
llli-j
90
7011
14^1
7012
I412
71-j
7I2
105
80
65
1213 28 14
1834
7
91
'2
97
Muy'OO
NW
141Sj
142
,
list's
115»8
97
97
1
98
Apr'Ol
103
Nov'Ol
961^
Sale
7S1-2
123^
9S'-2Sale
118k
llSifl
,
105% Sale 105
105
ig
\'6b" 10534 10534
10534
9234
93 Dec'03
Leroy A C
V A L 1st g 53 1920
K of Mo 1st ex g 43.1938
2d extended gold 5s. ..1938
St L Ir M A Sgen con s 5sl931
Gen con stamp u'tdg OS 1931
Unified A ref sold 4s.. 1929
Biv A & Div 1st g 43. .1933
Registered
1933
Vertli V I A \V Ist g 5s. 1920
Mob A Birm prior lien g 5s 1945
95
75
97
nils
IIIS4 Sale
86''8
Sale
92J.J
110
1945
Ist g 5S.1946
gold 6s.. 1927
Isteitension gold 6s../il927
1938
General gold 48
Moutgom Div Ist g 53. .1947
St L. A Cairo coll g 43..«1930
Guaranteed g4s
1931
coll 4s See Southern
*
100 Hi
85
1041-
101
101
86 >2 90
10512111
97 lOSVj
100 106
105l2llll2
20 117 122
34 102 10738
15 101 la 107 12
99
100 May'Ol
102 102 TJ 10134 Dec'03
1113*113 112 Dec'03
Pac
89
94 12
100
IO314
'03
10934 Oct
8608
86'6
68 10918 115
108 111
16 82
91 la
9 138 Dec'03
9138 9138
11134
93
102
121 ".2 12334 123%
120
93
ill
112
89 Sale
89
Oct '03
Dec'03
Deo'03
89
98 la Nov'03
10
I2712
I25I2
97 12
II5I2
89
93
9812 981a
LAW
12212 Sale
Jasper Branch
McM M
All8t6s..l917
BranclilstOs
1917
Nash Flor A Shef See
Nat of Mex pnor lien 4^28. 1926
Ist consol 4s
1951
LAX
101
75
NewHAD ;SeeXYNHAH
N J June RR See N Y Cent
New A Cin Bdee See PennCo
NO AX E prior Ueng 68 iJl915 A-0
N Y BkJn A Man Bch See L I
N YCentAK I'.ivg 3i2S.1997 J-J
J'ly'02
111
Dec '99
10234
Sale
75
1081a 115
Dec '99
113
116
103
Apr'02
106
102"
105
Oct '02
!;;;'.! i"o'5"iaNo'v"'"o'i
ibs'i^iiissi i('S'v"ios'vl
lOSKilOOi-j 105 la Dec '03
106
Dec'03 s20
11134
105% 111%
'.IS
105%
100
100
lOSig
118*4
12018
12818
114
Feb '02
121
139
Nov'OS
Jan '03
121
189
Nov'03
11034 112%
123% 125%
9734 105
99'i8l>ec'03
124
139
11134
IIII4
1 1 1 14
121
123iaMiir'(»3
IO41.J.
127
110
J'iie'02
Lee '01
lOOiaNov'OO
9G--'8
97% 09%
9913 Oct '03
.
.
100
114
.
115
13134 Apr'03
12834 13134
J-J
1905 J-J
10212.
106i4M.'iy'03
102
101
105
101
N
YAN E
1st 7s
190.-.
Xor Pac— Prior lieu g 4s.. 1997 Q-J
Registered
1997
General lien gold 38
a2047
Registered
a2047
St Paul-Dnl Div g 48
1990
Registered
1996
C B A Q coU tr 4s See Gt Nor
St P A N P gen g 6s.. ..1923
Registered certific'8..1923
ADul
Q-J
"
ro'o
115
117
115
II7I4.
Oct '03
U73„ Dec'03
104
11334 Jan '02
104
100
102
107%
.
105'8...,
103
104
10312 10338
103
12418.
112
103
Oct '03
103
May'03
i-j
.
Sale
101%
Sep
'03
101
114
130
127
127
Feb '08
114
130
II5I4
Aug'03
Nov'03
96^8
Nov'O;-.
9(;7,
93
96%
87 14 94
96>2Sep '03
8S7,
89
107i2J'ly'01
98 14 Dec'03
102%
9678 101
78
103
7034
'69
68%
2
99% 104
9078l03f8
96'4
96
Dec'03
96
122
132
Oct 'OS
121
1917 A-O
11034
lOGia.
J-D
95 12.
J'ly'99
II2I4 J'ly'03
.
107
J-D
105
Nov'O
96% Nov'03
94% Feb '0'.
Q-M
133%
127 128
126 13214
94''8l0178
68i-.a
F-A '123
Q-F
IO6I4
105
100
Q-F
J-D
J-D
107
10334
97% 103%
101%
70%
68%
J-D
A-O
105
Dec'03
7034 Sale
'114
I22I4
100
101 14 Dec'03
100 la
J-J
i'oo"
.
(J-F
Ist 5s.. ..1931 F-A
Ist consol gold 48
196b
Wash Cent 1st g48
1948
Nor PacTerCo 1st g 68. .1933
Xor Ry Cal See So Pac
Xor Wis See C St P
O
Xor Mont See
Cent
See C C C
St L
hio River
1st g 5s. 1936
General gold 53
1937
Ore
Cal See So Pac Co
Ore
Nav See Un Pac
Ore Short Line See Un Pac
Oswego Rome See
O C F St P See C
Coast Co 1st g 58.... 1946
ac of Missouri See Mo Pac
Panama 1st s fund g4i2S..1917
Sep
'03
N Y A North See N Y C A H
X Y O A W ret Ist g 43..sl992 M-S lOliaSale
Regis $5,000 only
^1992 M-S
X Y A Put Se« N Y C A U
N Y A R B See Long Island
N Y S A W See Erie
X Y Tex A M See So Pac Co
Nor A South Istg 58
1941 M-N lOS'a
Xorf A West gong 68
1931 M-N 127
Improvem't A ext 363.. 1934 FA
128
Xew River Istg 68
1932 A-O 127
N A W Ry 1st con g 4s. 1990 A-O 9678 bale
Registered
1990 A-O
PocahC A C joint 4s.. 1941 J-D "89"' Sale
CCATlstgug5s
1922 J-J •IO6I4
Scio VANEl8tgug4s 1989 M-N
99
North lUinois See Clii A N W
North Ohio See L Erie A W
6934
68
737a
72 14
101
127
II2I4II2I4
105 107
96% 98
'03
llO
116%
114% May'03
114
114%
111% Oct
MA
A
Olnd A
W RR
NY
A
108%J'ly'02
991a 99^8
98
23
Registered
J-J
M-S
M-S
M-S
101 'a.
J-D
J-D
100
100
99 Ta
.
88I4
8658
F-A
F-A *
88
F-A * 81^ 89
F-A
J-J IO6I2.
J-J
J-J ill"'
A-O
Sink fund subsidy g 68.. 1910 .M-N
1st g 4ia8.1921 J-J
Registered
1921 J-J
Guar 3128 coll trust reg.1937 M-S
Guar 3 I2S coll tr ser B...1941
Tr Co certit's gu g 3ia8.1916 M-N
C St L A P Ist con g 58.1932 A-O
Registered
1932 A-O
CI A P gen gug4i2S8er A.'42 J-J
Series B
1942 A-O
Series C 3123
1948 M-N
Series D 312S
1950 FA
Erie A Pitts gu g 3 las B .1940 J-J
Series C
1940 J-J
N A C Bdge gen gu g 4I2S 1945 J-J
73
IO3I2
7978
104
95I4IO514
10038 10378
100 101^8
109 la Sep '97
9933.
9838.
ANW
Pac
95
9812
98%
lOlia Dec'03
101 14 X^ov'03
101«(,.
NYC
A
Penn Co— Guar
Dec '03
75
A
110«8.
Debenture 5s
M-N
M-N
12034 124
1221a I2212
IIII4 Dec'03
XW^
5s
1926
1st g 6s.. 1923
1998
1998
Registered
1998
Beech Creek Ist gug 4s. 1936
Registered
1930
2d gu gold 5s
1936
1
Low -High
RR A
Chat A St L 1st 7s. 1913
Nash consol
gold
Registere<l
l\'0
68 12.
103
A
M
Jilyh
A Sturl8tgng38.l'.is!i J-D
N Y A Harlem g 3128...2000 M-N
2000 M-N
Registered
N Y A North 1st g 5s... 1927 A O
11 W A Ocou lstoxt58./il922 x-o
Oswc A R 2d gu g 59...el915 FA
R W A UT R 1st gu g 5s. 19 IS M-N
Utlea A Blk Riv gug48. 1922 J-J
N Y Chic A St L 1st g 4s. 1937 A-O
Registered
1937 A-O
X Y A Greenw Lake -See Erie
X Y A Har See N Y C A Hud
X Y Lack AW See D L A W
X Y L E A W See Erie
NYALongBr ieeCentofXJ
X Y A X E Sec X Y N H A II
New York New Hav A Hart—
Housatonic R con g 5s.. 1937 .M-N
N H A Derby con g 5s.. 191s M-N
C!
2d 5s
122
119
90
110
96
MS
1952 M-N
gSHis
StPaul
J'ly'02
12334
MS
MS
1940 t"^
Bat
llO^J'ly'OO
93 Apr '02
A Mai SeeXYCAH
Mich Cent coU g 3 "28
1st
Janvarv
lof'i-jj'i.v'iio
19 10 J-J
1951
3I28
/lanrre
55 -I
Since
Last Sale
£010
a~.
or
121
934
1931
1931
Registered
107^113
Monongahela Riv See B A O
Mont Cent See St P
AM
Morgan's I« A T SeeS P Co
Morris A Essex See Dei
1997
of... 1884-1904
Registered
1884-1904
Regist deb 53 of...l8S9-1904
Debenture g 43. ...1890-1905
Registered
1890-1905
Debt certs ext g 4s
1905
Registered
1905
3
Lake Shore coll g "as... 1998
1
Istgtis 191S
Ist consol 6s. 1909
IstCs
97
101 Oct '03
SO'^
86i2Nov'0L<
107 "li Sale 107 12 1071..:
lOOJaSale 100
100 i-j
101
102 la Dec '03
10534 107
106
106
118'4
ioii" i •)()»(,
9534 10334
78
783,
98 1^
9334
SO Oct '02
,
100
M
11238 11 63^
1231a 1 23 >2
123iaApr'0;i
121
Jan'O-'
113 Xov'Oo
97
97
,
Wi'^
M
UII2I46
Dec'03
112%
112-VSale
SherSh A So 1st gu g 5s. 1943
Missouri Pacific 3n7s
1900
1st cousol gold Us
1920
Trust gold 5s stamped. al917
Registered
al917
Ist coll gold 5s
1920
Cent Br Ry Isl gu g 4s. 1919
WA
Mich Cent
58
llO'j
92 Doc '03
90«8Jly'01
923,
Wa
1st
.
McKeesA B V
99
J Lit S Istg
70
M AM
Mortgage gold 4s
1st 5s.. 193 1
gu 6s 1 932
st
1
Uegistorod
M
M A
RR
C'l
McK A Y
90
19971 J-1)
Det .Mon A Tol Ist 78.1900 F-A
Ka A'A (i R l8t gu c 5s. 1 93S
Pitta
N
M
J.J
1997 J-D
3i'js
48
N
Mob Jack A K C
Mob A Ohio new
102
110>4
1st gold i>s....l910
W
230
Lake Shore gold
IOC '••1143,
110 113
104 IO512
110 110
Nov'03
1st 4s gu... 2301 J.J
Regist ere<l
93
1977
Y Cent
Sft
See Krie
LSA
See Chic A
"W
A Mad See Chic A
A Xorth See Ch A St P
Minn A St L. Ist gold 78. .1927
iowa Ex 1st gold 7s
1909
Paoitic Ex 1st gold Os...l9_'l
South West Ex 1st g 7s. 1910
1934
Ist consol gold OS
1st and refund gold 4s. .1949
Minn A St L gu See B C K A X
St P A S S
con g 4 iut gu '3.s
A P Ist 5s stpd4s int gu 1930
SS
A 1st g 4 int gu 1920
Minn Uu See St l>
Kan
Mo
A Tex Ist g 4s... 1990
2d gold 4s
j/1990
Ist ext gold 5s
1944
St L Div 1st ret g 4s.. ..2001
Dal A
Ist gu g 59. . . 1940
KanC A Pao Ist g 4s.. .1990
Mo K A E ist gu g 6s... 1942
K A T ofT 1st gu g 5s. 1942
TAP
West Shore
lo7'-al07'a
1934
St.nnped guaranteed
MAO
Mohawk
96^)100
-
I-'
1037a Deo '0:
See
Y Cent
Wotropolitiin El 6V« Man Ky
ilex Cent consol gold 4s.. 1911
Ist consul income g 3s. a 1939
2U cousol income g 33..al939
1917
Kqiiip A coll gold OS
1919
2d series gold 5s
1907
Colltr g 4K:a 1st Ser
Hex Internal 1st con g 4s. 1977
M
M
M
107
93
102«2Sal6
I'JOS
X
A BV
MU
MU
MU
I'll
105'.i()ct '03
I'.i'JO
Metropol Kl 1st, k Gs
Man S
Colouiz g os
Mich Ceut
Mid ot X J
1
Nov '99
Week's
Hanye
D
MS
X J Juno K gu Ist 4s...l',iStil FA
Regist ered
9S0i FA
N YA
lstcoUKUg4s I993I A-O
Nor A .Mont l8tgug58.191f.l AG
2d guar 6s
I'.'OO
Heirislered
Mex Xorlh
111
111
J
t 4.s.l'.Mo
J.J
Isl gu g 5s 19 I
J I)
Isl gu g 4s.. 1991
Oouv A Oswe
Moh A Mai
Ask
Hid
Clearf Bit Coal Ist n
12234 12234
>-j
111 ...
lllHl...
109 4...
2">
X Y Cent A 11 \i—(Conlinxtrti)
Cart A Ad 1st gu g4s...l9Sl
M
anhattan KyoousoHs.
McK'pt
,
SSia 90
J-J
F-A
1 1>
ct
1213*
MS
122»4 .\ui;'03
llO^V .Mar'02
125 H: Am,''02
75 J'ne'02
Wkkk Esdinh Dec
1
Ask Lmo
io'j"
2il trohl
2379
3
Kanye or
liloO.J-J
Pt-nsacoUi Div !;oUIG3...1S»20^M-S
St
.
Price
12Ga«
ISloO J-J
N
;1
Thursday
Dec 34
Bid
(Contintieii)
KO&M
NOifc
1
9934 J'ue'03
99-4 100=8
99 Dec '02
99 la Dec'03
991a Xov'02
88I2
89
9913 100!%
20
8634 Dec'03
89 Nov'03
91 Jan '03
IO6I2 Dec'03
1031a Nov'03
87
86
86
96
95
9214
94
117
Series
Series
Series
Series
9478
Pitts Ft
9278
2d78
3d 78
91
91
IO6I2IO8
B guar
C guar
D 4s guar
E Siaguar g
WA
1942
1942
1945
1949
C 1st 73... 1912
1912
A-O
M-N
.VI-
FA
J-J
J-J
;a912 A-O
g4s.l923 M-N
Consol sterling g Gs
1905 J-J
Con currency 6s reg...(/1905 Q-M
Penn
Be6ChCrExtlstg3i28t<1951 A-O
S.ii 1st real est
Dec'03
101
111
102
102
Apr'03
Apr'02
102
102
11078
111
10734 111
109%
106 Mar'03
102 Nov'9S
94 14
94 14
9534 Nov'03
118
IIS
106
108 14 Aug'03
10814 108 14
91%
95
118
97
96
123
U9"
i'uii
II314.
95
94
.
.
102
Nov'OO
I0414
PCCAStLgu4i2SA...1940 A-O 108 14
91
10312 1031a
llOTgSale
104
107% Oct
109
106
109
10034
93
122
120
10334
'03
Nov'03
107%114%
106
112
92
96
116%Feb'01
95
125
.
.
106i4Nov'02
93 Dec'03
12758 Oct '02
11 934 Sep '03
130 Apr'Ol
105
105
l"l934 i'2'8""
i"o"6" i"o"6'%
1WISCEU.JVNEOUS BONOS—Continued on Next Page
Telegraph and Telephone
Coal and Iron
CIAR
A
g 53.1909 J-J
Col Fuel Co gen gold 6s. ..1919 M-N
Col F A 1 Co gen s f g 53..1943 FA
Convertible deb g os
1911 P-A
Gr Riv Coal A C Ist g 68.. 1919 A-O
Jeff A Clear C A I Ist g 58.1926 J-D
2d gold 5s
1926 J-D
KanAHC A C 1st sf g53.1951 J-J
Am Telep A Tel coll tr 48 1929
Call Coal Min See T
Col O
1 Dev Co gu
Pleas Val Coal 1st gs f53. 1928
RochAPitCAlpurm 53.1946
Teun Coal gen 5s
1951
Tenn Div Ist g 63
ol917
Birm Div Istcon-sol 6s. .1917
Cah C
Co 1st gu g 6s. 1922
De Bar C A X Co gu g 68.1910
Va Iron Coal A 1st g 58.1949
M
No price Friday;
98
108
100
100
May '97
'03
102%102%
100i4Feb'02
Oct '00
J-J
latest bid
115
107
97
71
J'ne'02
104 112
30 90 105
144 60% 9634
105
91
A-O 100 102
J-J 102%
F-A
6934
Nov'OO
Dec'03
102% Oct
JJ
J-D
55
104
97
6934 Sale
M-N
WhLE A PCColstg5s.l919 MS
J-J
*
105
^G
Coram Cable Co
100
98
and asked
102
this
91
100
1U3
105
97
68
32
week,
J'ly'03
Dec'U3
Dec'03
Feb '00
Dec'03
Dec'03
Jan '00
a
Due Jan
91
91
99 10734
10018 112
95
65
6
103%
81
Due Feb
1st
J-J
95
g 4s. .2397 Q-J
2397
tr g 8 f 5s. .1926
1918 M-N
MetT A Tlstsf gos
Mut Un Tel Co SeeWestnUn
N Y A N J Tel gen g 5s.. 1920 M-N
No Westn Teleg See West Un
West Union col tr cur 5s. 1938 J-J
Fd and real est g4%s... 1950 M-N
Mut Un Tel 8 fund 63...1911 M-N
Northwestern Tel 78
1904 J-J
Registered
Erie T A T col
96% Apr '03
100% Apr'02
100% Oct '00
109
96% 96%
Oct '99
110»8.
11034 Nov'03
11034 II214
105 14
10514 J'ly '03
I0514IO8I4
.
108
102% Sale
108
108
105
lOl^g
102%
10034 105
107%J'ne'03
107% 109
110
&
Industi'ial
-llanufacturinsr
Amer Bicycle s I deben 5s 1919
Am Cot Oil ext 4%s
1915
Am Hide A L 1st st g6s.. 1919
Am SiJirits Mtg 1st g6s..l915
e
Due
.May
M-S
Q-F
M-S
M-S
34
96
97
71% Sale
87
88
^DueJ'ne A Due J'ly p Due Nov
9434
70
88
s
Feb'03
96
71%
Dec'03
Option sale.
34
90
66
80
42%
101
98
94I4
Bond EecoTG-
23S0
UONUS
STOCK EXCHANGE
Wkkk fclNOl.Nrt DEC 25
N. Y.
Cv
Cv
As
ito>--s
^slc
19H1 M -S 109
m-lI^M Ni 106
IVU-J M N
95 '4 Sale
S 100
-.s
€»>...>.
Weeks
Jtange or
Last Sale
BiU
RR— (TontiiMKKO
PtMin
Prie*
Thursilay
Dee 34
Low
114
106
,
Ho
Doc '03
102
953^; 64
112^4 Mar'OO..
Ill
Dec'03
117
Maj'OO
121
95
109
lis
Nov'03
J
J
llOlfl
KKifeCaus;eu4s.lit44lM S
108>«
iJis
VNJ
Peusi>ci>U» it
Pen
Peo
A- Ea.st
Pek
At Sfc L
I
f:
J)ll»21
n1
A.
^:ol.l4'-.>s
Ist cousol cold OS
1943
i
Pitts it West See B
O
Pitts Y it Ash 1st cou OS. 1927
1»o:u!lUfr Co Keug 4s
1997
t Kesris tereil
1997
107'.ji:)ec03
109 Deo '03
107
137
:^
,
11634 II7I4
..
9334
98
96
89
96 1^
96
1-2
75
92
II2I2
75
92
101'4Nov'01
87
S7
13
87
81
94
RR
.
St Louis So See Illinois Cent
1st g 4d bd ctfs.l9S9
Bt L S
2d g 48 inc bond Ctl8...pl989
Cousol gold 4s
1932
Gray's PtTer Ist gug OS 1947
Bt Paul & Dul See Nor Pacilic
Bt Paul .M & Man 2d 6s.. .1909
1st cousol gold 6s
1933
Registered
1933
Reduced to gold 4 "as.. 1933
Registered
1933
Dakota ext gold 6s
1910
Mont ext Ist gold 4s
1937
Reirist-ered
1937
E Minn 1st div 1st g 5s. .1908
Nor Div Ist gold 48
1948
W
Minn Union 1st g 6s
Mont C lstgug6s
1922
1937
Registered
1937
Ist guar gold Ss
1937
WUl <fe S F Isl gold OS.. 1938
Nor Pac See Nor Pac
S'x City 6ee C St P
cfcO
LakeC l8t g sf 68...1913
<fc
10408
10412
1251*
Dec '03
IO3I2IO6
103 12 106
120 129
IO8I2II5
92
98
100 100
I0412
112
125 ig
112
98
Dec '03
J
100 J'ne'03
Ho 123 7334 91 '8
Sale
84
lis 124
IVJhi 119 Dec '03
7810 Sale
7812
79 44 741a 88I2
85
103
J
92
75
93
76
7079 Sale
921"
7534
70ie
921^
3
Dec '03
71i« 206
89t2 9712
637e 85 12
6C
86
J
A-
nois.
11038
J
132
133
140
.
J
J
J
10934
.\I
1104.
J
J
100
A
10338.
Dec '03
Dec '03
.
106
104
IIOI4II312
I2714I35I4
106
IIII2
109 12 114
15 100 104
May'Ol
Aug'03
i03" i05'4
A
J
J
J
J
J
128 Apr '02
134 Mai'03
115 Apr '97
116'2ll738 116 Dec '03
116 117 114=6 Dec '03
*121
133>2
134
13414
IIOI4II8I2
114!% 114'%
M
<fc
.See
NK
Atl Coast L
W
See Nor &
Seaboard Air Line g 4s ...1950
CoU tr lelund g os
1911
Car Cent Ist con g 48.. .1949
Cen
Pen
Ist
I'la
<t
g 58.1918
1st lan<l gr ext g 5s. ..1930
Cousol gold 58
1943
Ga<fc Ala Ry l8t con 58 01945
Bciolo Val
it
Ga Car <fc No Istgugos 1929
Seab ifc Roa Ist os
1926
Sher ftlir <fc So -See M K ife T
SU Sip oca <fc G See Atl Coast L
Sod Bay <fe So 1st g 58
1924
So Car <fc Ga See Southern
Bo Pac Co— CoU tr g 4^28.. 1905
Gold 4s (Cent Pac colI).A:1949
A
72
M-
9834 Sale
90I2
J
J
102
100
101
106
J
10738
J
J
J
J-J aoi
W
F
J
M
MMM-
7212
90
100
102
97 12 98
88 ig Sale
W
72I4
983,
99
Oct '03
Sep '00
106i2Peb'02
IO6I4 Aug'03
Dec '03
107
lllijMay'OS
J
J
J
Roglstereil
fcl949 J
Istgugos
1941 J
Alt N
Cent Pac 1st rel gu g 48 1949 FRegistered
1949 F
Mortguargold3'3S..fcl929 J
Registered
A;1929 J
Gal Hard; S Al8tg68..1910
2d gold 78
1905
Mexife Pacl8tg5s....l931
Gila VGifcN 1st gugSs. 1924
T l8t g 58.1933
Hous E ifc
1st guar 5s red
1933
7234
Dec '01
.102
9712
8712
Jan
'03
9734
8818
95 Apr '02
105 12 Feb '03
9939 Dec '03
99
99 "4
84
84^2 84
99 14 Mar'03
84 14
IO714 111
99=8
104 Sale
10412
'105
....
102
IIOI4
105
104
104
105
Dec '03
H
109
90
91
91
127i2F6b'(
130 Nov'l
122 sen '02
108
108
109
M-N
lOiJi^SaJe
SPaco£NMexlslg6s..l911 J-J
K P Coast 1st gug4s
1937 J-J
UO
IO6I2 lOtiOg
10834 J'no'03
Tex<&
FA
10214
103 Is Oct '03
111 "a Oct '02
102 Dec '03
1141-.:
114
NO
1905
1st 7s
191'.:
Con gold 58
Southern— let con g 5s
1943
1994
1994
Mob & Ohio coll tr g 4s.. 1 93
4i2-5s...
Mem Div 1st g
1996
St Louis div 1st g 4s. ...1951
Ala Cen R lat g 6s
191S
AtUt Dauvlslg4s
194S
AO
Feb '03
Feb '03
104
104
8438
64
973410312
90
95I2
IO6I4 10934
107 110>2
iimiiii^
102
102
951210018
84
92%
1
igti,
112
94 Is
,
.
103
J-J
J
J
1
14 12 Sale
J-J
Knox
Ohio 1st g 6s. ..1925
Rich <fe Dan con g 68
1915
Deb 5s stamped
1927
Rich & Meek Ist g 4s.. .1948
So Car ifc Ga 1st g 5s. ...1919
ifc
Virginia Mi<l ser
Series D 4-5s
C
6s...l91t
1921
series K5s
1926
General 5s
193(
Guar stamped
1936
O <fc
1st cy gu 4s.. 1924
WestNC Ist con g 6s.. 1914
S & N Ala See L <fe N
Spok Falls & Nor 1st g 6s. 1939
Stat Isl Ry 1st gu g 4I2S..1943
W
10^
Nov'O
Sep -03
113
9534
Dec '03
Dec '03
120
91
Mar'Ol
Nov'03
116
114
Oct '03
Oct '03
104 14
102
10534 10()ia
11 9 >2 11934
Feb '03
11
120
J-J
J-J
A-O
M-N
M-N
M-S
M-S
M-S
M-N
M-N
11634
II012
,
II6I2
10834
108
11934
110
105 "h 110
1083.t 112
1071-2
103
1»
103 Is
1111-2
105
11818
101
IIII4I17
14 89
971a
llOinllSia
9278 981a
90 lo 91
,
IO9I2
9218.
F-A
J-J
J-J
J-D
110
.
119
.
116
11618
1]9»2
nolo 11534
116
112
114
1174
11134
120i2NoT'03
U9I4I24
122
122
114
107
1241a
102
108
Nov'0;>
118
118
107 Nov'03
92 Sep '02
103
103
123 Feb'02
112 Feb '03
115 Jan '03
109 12 Dec '03
113'2-May'03
92 Deo '03
II6I2
lieifi
,
85
103
110
106
109
Lew See Penu RU
SyraBmgifcNY SeeDlj&W
"rebodi N SeeU K& T
Xer AolSt L 1st g 4I2S.. 1939 A-O
1st con gold 58
18941944 F-A
St L M Bge Ter gu g 5s. 1930 A-O
Tex & N O .See So Pac Co
Sunb
MuY'o;
m Aug'03
9312
94
Ill
9334 Sale
113
9512 99
II214
90
92
M-S
Oct
1061-2
11 93^
1071-2
M-S
'03
102
ifc
118
11134
112 112
115 115
108 11618
11312113'%
91 14 93
115 1161a
117 J'ly '00
97 la 104i2Sep'02
<$;
10834
105
100
115i4Sale
85 Sale
110 Sale
II318
108 14
103 Is
90 14
89 12
82 la
68
70
92 12
92OOO Mar
2d gold inc 58
JJ
La Div B L
1931
1st g 5s
Ist g 53
Tolife
1935 J-J
Western Div 1st g 5s... 1935
General gold 5s
1935 J-D
Kan
Ist gu g 4s. . . 1990 A-O
T0IP& Wist gold 4s.... 1917 J-J
OC
AG
&M
.
50-year gold 4s
1950
TorHaniife Burt Istg 4s./il946
Del
Ist con g 5s 1928
Ulster*
n Pac RK & 1 gr g 4s. .1947
Registered
1947
1st lien convert 4s
1911
Registered
1911
Ore Ry ifc Nav con g 4s. 1946
Ore Short Line Istg6s..l922
1946
Ist consol g5s
1927
48 €& participating
Utah <fc Norl8t7s
1908
Gold 5s
1926
N J RR dc
<fe
&
North
Pa RR
Rio Gr Wes
C Co
See
See
,
106
II518
85
110
113
111
105
90
89 12
84
1023^ Sale
M-N
M-N
'
9534 Sale
J-D
FA
FA
9878 Sale
J-J
Vr6 124
113 12 Sale
J-J
J-J
105
100
113
II5I4
85
110
81
1081-2
92 Sale
IIOI4
,
102
llSHj
100
111
113
113
107
97
92
86
80
98
109
Deo'u.'i
Sep '03
Nov'03
Nov'03
110
105
88
89
10 88
Dec '03 '"2 82
6978
70
68
98 Apr '03
98
,
J-J
J-J
Sep '03
100
'
A-O
J-D
J-D
107i4ll2»4
110 118
115 117^8
107 14 J'ly '03
114 la Dec '03
115 J'ue'03
,
1141-.:
Tex<fcPacEDivlstg68..1905 M-S
1st gold 58
2000 J-D
1-2
IO6I4 UOI4
106 14 Dec '03
102 '4 103 434 9913 103 ='8
V19
1 03 %
102 "a Dec '03
9534 350 90=810714
95 '-8
IO5I4IO5I4
105i4Jan'03
9812
OS's Vs 9634 102
123 14 124
12 120 1271a
109 114
11312 1131a
9134
92
871a 9814
115 Nov'02
114i2Apr'02
See
Un
Pacific
Black R See N Y Cent
Val lud <fc
See Mo P
Ver
irginia Mid See South Rv
Va & Southw't 1 St gu 58.2003
1939
Wabash 1st gold 5s
2d gold 5s
1939
Debenture series A
1939
1939
Series B
Ist lien eouip s fd g 5s. 1921
Detife Ch Ext Istg 5s. .1941
DesMoin Div Istg 4s. .1939
1941
Om Div lstg3i2S
Tol ifc Ch Div 1 St g 4s. 1941
St Chas Bridge Ist g 6s. 1908
Warren 6'ee Del Lac & West
Wash Cent See Nor Pac
Wash O &
See Southern
WestN
Pa Istg5s..l937
1948
Gen gold 3-48
W
101 102
111 'a Sale
101 12
114
10612 106=8 IOOI2
J-J
M-N
FA
J-J
J-J
.
M-S
. .
A-O
M-S
liJlia
61 !« Sale
J-J
1081a.
J-J
81
Income 5s
ril943
IO5I2IO5I2 West No Car See South Ry
West Shore Sec N Y Cent
96 102
VaCent& P Istg 6s. .1911
99 14 99 14
82
8812 Wlieel'gife L E 1st g 5s. ..1926
Wheel Div 1st gold us.. 1928
Extendi Imp gold 58. ..1930
IIOI4II2
1949
1st consol 48
105
105
Wilkes
ds East 6ee Eric
103 109^8
dfe M
IOII2I09I2 Wil & Sioux JT >S'ee St P
Winona dfc St P «ee C <fe N
103 105
Wis Cent 50-yT 1st cen 4s. 1949
W
1-.
101
1-2
114':
ItHK',
Apr'03
60^8
(1134
104 la
108
97
80
98
09 la
Dec '02
Nov'03
May'02
Nov'03
Mar'02
Mar'03
5 100
1031a
11 21a 118
81
3U
1
03 la
1 1
10178
511a 843*
1(10
105
109''8
80
861a
lbs"
ibsjia
.A-O
106
J-J
117 ....
1171a Dec '03
92 14 93 la 9578 Oct 'OH
40 Mar'Ol
30
114 II8I2
941a 101 la
112 Dec '03
11218 J'ly '03
IIOI4 Nov'03
106 108
112 lie's
IIOI4IIOI4
110 110
9334
85
W
Y&
M
Dec '03
IO2I2 Dec '02
>2
Yad 1st gguar4s.l949
11534
C0I& GreeuvlstOs
1916
114
E T Va <fc Ga Div g 5s.. 1930
117
12 Kale
Con 1st gold 5s
1956 .M-N
E Ton reor lien g 5s
1938 M-S 11034 112
GaPac Ry lstg6s
1922 J-J 121
Utah
Aug'OI
11334
10S3j 1121a
A-O
Utica
105
113
.M-N
Utali Central
J
111
1121a
111
1031-2
Uni
SFePresifc Phlstgos...l942 SI
S A & A P See So Pac Co
S F <t X P Ist sink I g 58.1919 J-J
SavF&West
126
TolStL&WprUeng3i2S.1925 J-J
Mnv'02
109^8 109s«
lieig Apr '01
111 Nov'03
100 12 101
.
"12
12034
'.
.M-
Low
.\o
W
104i2l05\4
104 >-2
125 ig Sale
11212113
Jiiyh Au
102
Registered
30 105
105
Aug'03
Mar'03
Low
.\-o
Sabine Div 1st g 6s
97 170
96i8J'ly'03
92
92
75
92
A-O
1920 J-J
1905
g 6s series C €& D...1906
lstg6s series E& F...1912
Ist gold 6s
1912
1st con guaig5s
1937
Stamped
1905-.. 1937
111
IO6I2II3
O634
105
Sale
"91"
Since
Januarti
,
M
Refandingg4s
1951 J
K C Ft S <te M con g 6s. 192t; M
K C it S it -M. Ry ret g 4s 1 936 AK C it M R it B 1st gu us. 1929 A-
1st 7s. 1918
g 6s series H
1st
1st
Atl
,107
75
113
Sale
IaxsI
.
Nov'97
120V3Dcc'02
Sale
92 >2
See
P
See Wabasli
See T
A of St L
L, it S h'THU •2d g 6s CI B 1906 .M
2d gold 6s Class C
1906 ilGeneral gold 6s
1931 J
General gold Os
1931 J
St Life S F RRcousg43..'96 J
Southw l>iv 1st gas. .1947 .A-
L it
L K C <t
L .M Br
Mount
Iron
P
1211-j
117i4J'ly'03
98 J'ly'97
97
1
St P
Salt
1115
ll'J
11334
Butland 1st con g 4»2S
1941
Kut-Cauad 1 st gu g 4 His. 1 949
Tus it H See Pere Muro
Sag
- t Joit Gr Isl Ist g 4s. ..194
J
St Law lit Adii'on 1st g 5s. 1996 J
2d gold 6s
1996 A
St li (t Cairo See Mob & Ohio
St
Dec "03
120 Oct '01
112 12 Dec '02
Boch lb Pitta See B R & P
Home Wat Jc Og See ^ Y Cent
ist
127
95
Apr'Oi
llSia.
Ill's.
Jersey Cent coll g4s...l9ol
Kensselaer it Sar See I) <t ti.
Kicli it Dau See South Ry
Sicli it Meek See Southern
liio Cir West 6t'c Den Jfc Rio Gr
Kio Lir June 1st gu g5s...iy 39
XiotrSo Ist gold 4s
1940
Guaranteed
1940
Bt
Bt
St
120
95
J'ne'03
IFeefc's
Range or
gu 1st g 4s. 191 A-O
No of C'ai 1st gu g 6s
102 J'ly '03
1907 J J '100
102 102
Guaranteed gold 5s
113 Jan '01
1938 .\-o
10234 Dec '03
Ore ifc Cal 1st guar g 5s. 1927 J-J IO2I2
10234 10234
78 Sale
VS
78 1« 46 72
S A & A Pass 1st gu g43. 1943 JJ
8(i "a
So P ot Ar gu Isl g 6s. .c 1 909 J-J 108 109 lOs's 10s7g
107 11014
1st iruar g 6s
cl910 J-J H18 109 Uli-jAiu-'O
111 HI la
101 "s Dec '03
101 7g 10534
S Pot Cal Ist g 6s.. i.... 1905 A-O lOl's
W
it CU See Peuu Co
Puts Juno 1st coKt t>s
1922
Puts Jb L Erie 2d g 5s...ul92S
Puts McKees * Y S#t;N Y Con
Pilt> Sli it L E Ist s 5s. ..1940
T
N YTit.Mex
'.IS
Pere Marq— CUifc \V il as lyjl
Pitts Vt
it
1st gold 6s
122>e
92
*100
D
llf.'O'
ihut it P M j; lis
o! II5I4II8
1st cousol polil js
1065«10S
1939'M
Pt Hurou Uiv 1st K 5s. 1939] A
108^,110
SagTus <Su H 1st liu st 43.19311 F
Pine Cit'fk ree jiiiar GS...1932
Puts Cin it St'L See Peuu Co
Pitts Cleve <fe Tol i««; B & O
•J.l
NW
Kange
Price
Thursilay
Dec 34'
Kold 4s int guar. .1921 A-O
div 1st « 6s '30; M-N
Morgan's La
IO4I2III
it Is'asli
Hee C C C <\5 St b
Vu Isl g 6s... .1921
Geu
93"8l07ii.
Wiico it
«r K>.t lex IstKUS-l'-JSiya
buu Lewis ist g -Is. ..1030
J
J
Southern Pac Co (Continxie<f
H <fc TC 1st g5sintgu..l937 J-J
Consol g 6s iut guar... 1912 x-o
114
106
Nov'97!
A Mar 1st ru s4'as..li>J:>tM N 102^1
DUliK^t Hire 1st au4ss:.otilF A 100
CI
STOCK EXCHANGE
Week Enui.xo Dec 25
N. Y.
LoiB Miyfi
114
106
Aug'OI!
[YOL. LXXVIL
4
liON U.«S
}iange
Since
January 1
Migli
•5
i-j
12
—Page
-Concluded
A-O
Nov
'
1
11218113
J-J
A-O 111
J-J
11031
FA
UO
108
Mar'03
M-S
8714
8 7 la Dec '03
J-J
9II9.
01
91
101 7g
101 7e
W
86
»2»a
l»lI«CKL.L,ANEOUS BO.NDS—Concluded.
SlnnalacturinK Sc Inilu.Htrial
Am Thread Ist col tr 48. ..1919
Bar & S Car Co Ist g 68. ..1942
Cousol Tobacco 50-yrg 4s. 1951
Distil SecCorconv Ist g 5.i.'27
D1.1i 111 of Amer coll tr g us. 191
1910
111 Steel Co deb OS
Noii-conv deben 58
1913
Int Paper Co Ist con g 68.1918
niiscellniicous
76I3
56 la Sale
63 14 Sale
75
105
56%
61
99
99
100
106
93
93
75
75
Jan
'00
57
156
63 14 188
Sep
SO
'03
'99
5fia"6734
77
58
9834 1 00
1948 M-S
Adams Kx col tr g43
AmDk&Inip58 A'ee Cent N J
Am SS Cool
WVag5s....l920 M-N
10034 .J'no'02
B'kl'n Ferrj'Col8lcon8g5s'48 F-A
Chic Jcife St Y'ard col g 5s. 1915 J-J
UetM&Mldgr incomes. .1911
Jan
Hoboken Ldi I gold 58.. .1910
Mav'02
JIad Sq Garden Istg 58. .1919
106
106 Sale
32 103 110
Man Bch H <fe L gen g 4s.. 1940
Knii ,;t;r Ice (ChiC) iHt g58.'28
93
Feb '03
93
94'
97I2
Newp Ne Ship ife D D 5s dV.)W)
Lackaw- Steel 1st g 58
1923
93
10 9112
•
Y Dock 50-yr l8t g 48.. 1951
N
95
9078
9078.
N at Starch Mfg Co Istg 68 1920
5 89
OO'e
St Joseph Stk Yds 1st 4 las. 1930
80
64
Nat siarch Co s t deb o»..1925
64 Dec '03
St L Ter (Jupples Stat'n & Prop
"s 33
68
Stan Rope & T Istg 6»... 1946
35 Sale
35
35
131-2
II4
Co Lstg 4tjs 5-20 year.. 1917
134
134 Sale
1
Income cold 5 »
1946
45
07
Yuba Wat Co con g 6s.. 1923
S
Us Leath Co »Idebg68..1913
2 106 1141a
108
1071a 1
Sp Val Wat Works Ist 6«. 1906
91
01
91 Jan '03
U S Slupbldg coll & mge 5».'22
80
U S Red & Rel 1st 8 1 g 6s. 193
23
1st H f OH R "A"
1932
25 ig J'ly '03
H7=8
09 14
XJ S Meel Con> col tr 2d 5s.d'63
6978 Sale
70 1731 05
No price Friday; latest bid and aaked. aDneJan tiDneFeb c Due Mar d Due Apr /iDueJ'ly fc Duo Aug
1-.
101 la 102
AC
10212
'
81
80
M-N
M-N
M-N
73
111
81
Mar'03
Mar'Ol
81
50
Feb '02
90
Deo '03
101
la
73"
"ii"
106
"io"
"\ii'H
J-J
FA
90
891a 95
J-J
J-D
J-J
,
108
M-S *101ia.
108 Nov'03
113 la J'ly '00
79 Aug'03
104
108
'79" "85'
'-2
Due Oct p Due Nov
« Due
Dec sOptionsaU
— ——
—
Dec.
'
THE CHRONICLE.
26, 1905. J
2381
linn Sceiiriticit
Volume
Stock Exchanges
of Business at
Jackson
5s
1;
60
(^as Cj)
A.O
l'.t37
.Bid
81
}1<»1
Kansas City Gas
100
A-O
1922
lOli
»i Laclede Giva
100
1; Preferred
Lalay'eUasl8t0s'2 I..M-N
tba:^sactioxs at the nkw york stock kxchanqk
daily. wkekly axd yearly
Stocks
Heek iftiding
Deo 25
lyos
Satunlay
Wednositay.
Thursday...
Friday
£oniis
Jionds
$27,185,750
41.003.700
301.101
470,557
229.578
337,097
368,008
...
Moiiilay
State
Par valut
Shares
Tiiesilay
Sailroad *e
V 8
Bonds
1,917,000
1,731,000
2,091,500
1,904,500
30.092,700
35,354.450
12,000
*3,000
1.000
UOIil DAY...
Total.
$162,452,90o|
1. 756.9 il
$8,934,000
Week ending Deo 3S
Sales at
yeto York Stock
Jizchange
January
1902
1903
$3,000
1903
1903
3.671.426
157.878.295
185,840,741
8 took »—N
$162,452,900 $249,408,950 $14,725,949,450 $17,550,618,850
Par value
$749,500
$24,500
$1,000
$039,100
Bank shares, par..
BONUS
Government bonds
$13,500
State bonds
RR. and mis. bonds
3,000
$S.9S4,000
Total bonds
$8,950,500
$18,000
25,000
9,850.500
$1,156,050
$1,358,500
3,005.900
859,759.050
409,0lH)
671,421.400
$676,047,050
$9,899,500
$874,784,050
DAILY TRANSACTIONS AT THE BOSTON AND rHILADELPllXA
EXCHANGES
Weekending
Dec 25
lyua
Saturday
Monday
Tue.sday
.
.
Thursday
Bond
Unlisted
shares
Listed
share'
Wednesday
Philadelphia
Boston
Bond
Unlisted
shares
sales
4,309
0,002
3.900
4,832
2,430
$48,100
48,100
27,200
10,515
21,033
13,382
13,001
8,847
$151,200
67,378
21,593
$277,000
11,515
12.14S
12,093
12,880
13,773
0,744
0,743
3,337
10,874
14,083
$0,00t>
02,409
41,781
71.000
11,000
30,OilO
Hon DAY
BVitlav
Tot;U
Listed
shares
sales
'96'
('•0
05
108
Con.sol Gas.. 100
71
.Vc*' Stock Km'Ii list
8
IndC N.at 111 .100
53 1948
^0&
A
1st Os 1920
J-1)
Provldeiu-o Das
50
St Joseph Gas os 1937. J-J
StPaulGas (Jen 58'44M-S
."^yraciisi- Oas 5a 104(5. J -J
Unite(l(va.iitElcc.NJ 100
f
3(i,200
75,3(10
69,300
dies
73
11
47
r.i
101
92
80
95
95
88
90
38
75
i
100
Preferred
131)
j;su>
80
100
90
38
104 Si
150
115
78
42
110
102
20
4'9
4
28I4
00
128
128>u
15
22
5
17
49
52
t
1
liQ
"V
1
t
OHi,
10
»9
9
(^old Hill
46
60
100
100
lTererr»>(l
lIGeneral Chemical ..100
100
II Preterred
Copper
1
52
92
'<
t
;tl25
Preferred
100 1:125
Greene Consol Cooper. 10
U". 12
Gug.irenheim Explorati'n 120
130
82
102
102
I
Poto Teleph. .10(1
lOSH)
53 1909-29
JJ
165
llComniorcial Cablo ..lOO
Commor Uu Tel (N Y).2,"
"s'-i'
Kmp ifc Bay State Tel lOd
50
b'rauklin
100
120
100
',i(}()ld it Stock
1905
i;4'-2S.
80' "90"
Hudson River Teleph 100 '
118 124
11 North weslornTeleg. 50
152
J Telepho .100 145
1IN
5s 1920 See Stock Ex Chang e list
75"
82
Pacific cfc Atlantic
25
I'rovlileiico Telephone. 50 t.cl07 hi 115
103
100
I1 Southern cfc Atlantic 25
5
Tel Tel <fe Cable of Am. 15 t
it
noi
Elect ro-Pneiim'ic Tran 10
Empire Steel
100
Gorham Mtg Co com. 100
Telcjrr «!t Trlephono
H.-VmerTelcgit Cablo lOo
Hell Teleph of Bullaio 1 00
llContral & So Amer .100
1,750.941
0. shares
i
99
100
Ask
Bid
100
Consol Tobaeio
ContToliac deb 7s'0.'iA-O
BldglOO
Cramps' Slut Ku
100
iJCrucible Steel
« Prelerred
100
Cuban (.s ol 1890
liDianiond -Match c:o.lOO
Uomliiion Securities. lOti
lOd
Electric Boat
100
Preferred
Eh'ctnc Lead Keduc'u.50
Prelerred
50
Eleetrie Vehicle
10(
I'reterreil
100
104
15
liOgitWabV Ist (;s'25.J-l>
51
.Mailison Gas Os 1020..\-O {105
Newark Gaa Os 194 l.(v'J n35
$13,500
Dee 35
1 to
10
98
Newark
$500
$l.3:!0.000
21.550.3(10
1l5s
liiduMtrinl anil .>liscol
Asle
Y&N
Haekensack.MeiMlowslOO
Hall Signal (;o
100
Havana Coinmerctal.lOO
Preferred
100
Havana Tobacco
Co.. 100
Preferred
100
Hecker-Jone.s-Jew'l IMIll
1st Os 1922
M-S
Uerriii!:.
Hall-Marvin
Ist preferred
2d jirolerred
1910
Houston
31
24
33
95
100
15
35
1
3
SO
40
4
8
200
J
Idd
100
Oil
22'""
lOd
lOd
M-.N
Preferred
25
80
10(1
Hoboken Land <b ImplOd
1i5s
24
70
8
15
101
2
104
5
20
10
100
Hudson Realty
115
901.
92
Interboro R T (full ))aid>
143
Internat'lBankin.gColOd 138
Electric CompanicH
5>4
lut'n'l Merc Marine. 100
191..
21
100
Preferred
Chicago Edison Co... 100 142 147
97
100
Col tr deb 4H2l922op'07
Edison El 111 Brk 48 N V stock Exch
11
12
International Salt
100
GenEldebg3i28 «S'ecSt'k B:xch list
37
38
250
Ist g 53 1951
Hartford (Ct) Elec Lt 100 225
9
Interiiatioiiiil Silver. lOd
HKingsCo ElLitPColOO 170 181
35
Preferred
100
Narra.gan (Prov) El Co 50 to 0580
98
l8tC8l948
J-D i 96
Rights
N Y ct (J El L&PowColOd 30 40 John B Stetson com.. 100 105
130
70
00
Preferred
lOi
Preferred
100
Kitchener Gold .Mining.;
RhoLsl ElecProteoColOO 130
73.
8
20
22
Lanslon Monotype
20 t
United Electricof N JlOO
03
03
Lawyers
Mort lusur.lOd 170 175
43 1929
J-D
'4
Lawyers' Title Ins.. .100 280 i85
l*'crry Companies
27
28
LightFuelifcP ot WValOd
5
6
Brooklyn Ferry stocklOO
HLorillard (P) pref ...H)U 115
15
109
107
Madison
Sq
.100
Garden.
BcfcNYlalOs 1911.J-J
50
2d 03 1919
M-N
Con 58 1948 See Stock Exch list
1^2
1»4
N Y & E R Ferry stk. 100 73 75 Manhattan Transit 20
5
93
G
Mex Nat Construe. pflOO
Ist 58 1922
M-N J 90
N YcfeHobcon 5s'40.J-Ii 103 103 "^ Monongaliela R Coal. .50
28'^.
Preferred
50
Hob Fy 1st 5s 1940 M-N no7 109
100
N Y<feNJlst5sl940.J-J 100 102 Mosler Safe Co
1021a
20
27
00
50
National Carbou
100
10th <fc 23a St3 Ferry 100
92
100
98
90
Prelerred
100
1st mort 58 1919... J-D
21
22
32
31
IJNac Enam & .jtamp 100
IJUnion Ferry stock .100
78
82
92
100
lllst 5s 1920
M-N 91
1i Preferred
95
105
National Surety
lOd
Uailroail
3
NewBrunsCaniieKJoal 10
42
49
86
20
Buffalo& Susqpref ...50
UNew Central Coal
3
New Eng Consol Ice. 100
Chic Poo cfc St L pref.lOO
7
Deposited stock...
N Y Biscuit Os 1911. M-S 102 108
2H2
8I2
Uudeposited stock
N YMlgecfe Security. 100 100 125
18
20
PriorUeng4'2S'30M<&S ilOO 100
100
TJNew York Dock
41
50
80
80
Con mtg g 58 1930. Jc&J
TJPreferred
100
20
5\ SJa;
15
N Y Transportation. ..20
Income 5sl930
Nicholson File Co
Ch R I ct Pac 58 See Stk Exch list
100 1G8
80 -i
414!
3 Hi
Nor AuiLum'r&PulplOl;
Erie conv48Aprl'53AcfeO
4
891..
5
89^ HOntario .SUver
lod
Northern Securities.. 100
24
20
30
33
Otis
Elevator
Pitts Bess & L E
com
lOd
50
79
81
70
Preferred
73
Preferred
100
50
24
30
Pittsburg Brewing
50
Va & Southwestern. .100 20
43
44
Preferred
50
171*
Pittsburg
Coal
100
Industrial and Misccl
59 \ 06'
Preterred
100
95
101
92 V; Pratt & Wiiitn pref.. 100
Alliance Realty
100
712 Procter <fc Gamble
345
AUis-Chalmers
7
100
100
197-»4
60
50
Prelerred
lOd
Preferred
100
1]
112
49
40
Realty Assoc (Bklyn)lOd 109
IJAmer Bank Note Co. 50
991.., 100 »a
American Can com... 100
S-'i Royal BakPowd pref. 100
3h
31
31^4
01
63
Russell cfc Erwin
Preferred
25 t
loo
14
185
100
95
Safety Car Heat & Lt 100 180
American Chicle Co.. 100
82
M
75
Semiuolo Mining
Preferred
5 t
"a:
100
105
Simmons Hardw com 100
American Elevated.
122
Preferred
100
Amer Graphophone...lo f 2=t 3=i
121
9
8
2d prelerred
100
Preferred
10 f
96I4 97
30
Simpson Crawford Co 100
Malting 68 1914. J-D
SO
85
Deb sfOs '24 op '05. .J-J
Amer Press Assoc'n.lOO 78
20
Singer Mfg Co
100 335 340
Amer Shipbuilding... 100 20
3
4
90
Standard Milling Co. 100
87
Preferred
100
17
20
2
4
Preferred
100
Soda Foun com.. 100
09
71
70
6U
5s
1st preferred
loo
070
10
14
Stan'da rd oil' of 'n J 1 00 605
2d preferred
lOO
25
100 165
Standard Coupler comlOO
30
American Suret.v
5(J
Preferred
100 115 130
Am Strawboard Os...F-A i 94 99
h,
50 t
Amer To bacco com ... 50 150 250 Storage Power
Swift <fc Co See Boston St k Exc h'ge
100 128 140
1] Preferred
101
25
32
1st 5s 1910-1914. ...J-J 'a 00
Typefo'rs com. ..100
90
85
Tennessee Copper
Preferred
25 t 28
28<a
100
85
90
2^4
PaciUc
UTexascfe
Coal 100
Amer Writing Paper. 100
A-O no5 L07)a
Preferred
9^ 10^4 1st Os 1908
100
440
Title Guar & Trust ...100 425
68
08
5s 1919
.J-J
150
15
25
Title Ins Co of N Y..100 125
TlBarney <fe sin'Car V.Vioo
IOI2
<Jhi
130
TrentouPott«riescomlOO
110
100
11 Prelerred
80
85
Preferred new
100
100
Bliss Company com
50 140
80
Trow Directory new. .100 70
Preferred
50 140 100
k
Union Copper
10 t
Bond cfc MtgGuar....lOO 300
80
Union Switch cfc Signal 50 t
Borden's Cond Milk.. 100 117 121
105
Preferred
50
Prelerred
100 107 109
95
98
^4
Union Typewr com. .100
Camden Land
3 t
h,
1st preferred
100 104 107Celluloid (Jo
100 115 117
105
17
22
2d preferred
100 102
Cent Fireworks com. 100
2^4
55
65
Unit Boxboardcfc Pap.lOO
3^
Preferred
100
20
21
1'4
1^4
Preterred
100
Central Foundry
100
1
2
9
11
Cotton
Duck
S
100
U
Prelerred
100
20
55
U S Envelope com. ..100
Deb 68 1919 op 'Ol.M-N 50
o7
63
100
flPref erred
100
Century Realty
100
400
US Light <fc Heat.... 10:
Clie.sebrouiih .MfffCo 100 420
ij
25
Red
Refining
100
25
11
U
S
<fe
Chic Pneumatic Tool. 100
88
92
lIPrefeiTed
100
11Clatlin(H B) 1st pret 100
91
87
100
1IU S Shipbuilding ...100
T/Jd preterred
100
92
Preferred
87
100
liCommou
05
Bond.s— 6ee Stock Exc hlist
C0I& HockCoal&lpf 100 00
88
85
Ist g 5s 1917
J-J
U S Steel Corp new 5s See Stk E X list
103
Col tr 3 158 '51 opt '11 .. no2
Compressed Air Co... 100
75
Coltrsf 5s'51not opt.. no2'2 10314
65
Cousolid Car Heating 100
..100
25
Uuiver.sal
Tobacco.
l^u
Firew'ks
15
\
com
.100
IJCous
2
Prelerred
100
5
55
05
100
1i Preferred
3)2
150
4
West <fc Bronx T <fe
Gu! 125
Cons Ry LtgcfcRefng.lOO
Con.sol Rubber Tire.. 100
1H> Westmgh Air Brake.. 50 n29
15
White Knob Mining. 10 t 8%
Debenture 48
12
93b
Worthing Pump iiret.lOO 107 110
10
Cons Storage BatterylOU
"li
Outside Securities
A
Weekly Revievi
Street Railways
NEW YORK CITY
Bleeck St & Ful ¥ stk 100
111slinort4s 1950 ..J J
Avestk
7lh
Market will be found on a preceding page.
o) Outside
33
35
92
90
242 245
99^2 100
104 105
..100
1
list
B'waySurllst53gu 1924 n07
2d 5s inc as rental 1905
UCent'l IJrossl'u stk..lOO
UlstM OS 1922 ...M-N
UCenPkN
<fc
ni8
ERslk.lOO 205
ISO
9th Ave 08 -See Stock Escli
Dry D E B & B—
gold 5s 1932.. .J-B
ilScrip 5s 1914 ....FA
llEighth Avonuest...lOO
F-A
IJScrip Os 1914
1l42dd;GrStJ5"y stk..lOU
ii42dSt jU & StN AvlOO
lllst mort Os 1910 .M-t
1i2d income Os 1915 J J
Lex Av & Pav F5s See Si
Meiropoi securities See
Meiropol Street Ry See
Ninth Avenue stock. 100
Second Avenue stocklOO
lllst luort OS 1909 M-K
E-A
Cousol 5s la48
Hsiitli Avenue stock 100
Sou Boulev 5s 1945. .JJ
So Eer Isl 5s 1919. ..A-U
ThirU Avenue See Stock
P cfc il os 1928
Tarry
lllst
Vker8StRK5sl940A-O
29th Sts 1st 53 '90
TlTweuty-Th'd St stk 100
<fc
3-J
Deb 5s 1900
Cuiuu liy Isl 5s 1942 E-A
Westckest 1st OS '43 J J
iH-eferred
New on RysCo
^05
Exch
102
104
i 1 10
402
98
114
luO
Ave
5s 1909. .A-O
UOO
A-O 108
CX)U 5s.!; 1:)31
Impt 5s see stock Exc h list
B B<fc \V E5s 1933..A-0 9y
Brooklyn City stock. ..10 237
Uou 5s See Stock Excli list
Pat Ry
2d 6s 1914
A-O
100
Rochester liy
100
Preferred
Con 5s 1930 See Phila
2d 53 1933
J-D
So Side El (Chic) stk. 100
Syracuse Rap Tr os 1940
UuitRys(StLTraus) 100
Prelerred
100
<*eu 43 1934
.SeeStk
UmtRysSanFran AecStk
Wiisli Ry <fc El Co.... 100
Preferred
100
J-1)
43 1951
100
IJWest Chicago St
il-N
IJCou g 5s 1930
list
list
200
207
103
112
180
109
108
78
TlCouey Is. <te IJkiyn ..100 340
.J-J
cons
43
1948.
100
1st
g
Brk C & N 53 1939.J-J 111
GrSti&.Newlst58'06P-A 100
Gr'pt ifcLoriiuer St 1st Os 102
Kinas Co. Elevated
See Stock Exch
Is't 4s 1949
100
Nassau Elec prel
83H
A-O 109
5s 1944
See SI k Exc
1st 4s 1951
N \Vb'g& Flat 1st ex 4^28 100
Stein way 1st Os 1922 .J-J U14
J-J
i
lis
i
05»t
84
lu3
ila list
Bayer pays accrued
108
Exch
bst
U
31
81
80
88
!
'a 00
75
94
77
90
list
5102 102 'o
90
95
i 99 14 100 '4
13
55
Exch
Exch
00
I-
12
45
72
60
85
71>2
45
78
i
N
NT
101
110
H&P
<fc
East River
Nor Un
103
240
Exch
n09
J-.I «105
1945
5s 1927. M-N n03
OTHER
com
100
il-N
101
37
82
45
86
Baft
Biughamtou Gas 5s 1938
Bullaio City Gas stocklOO
114
102
Am
".2
lisl
3ic
94
97
8
7
i
1st 5s 1947 See Stock Exch list
Chicago Gas See N Y .Stk Exch Ust
Cincinnati Gas & Elecl 00
97
98
Col Gas L& HeatcomlOO
103
Preterreii
100
98
Consol Gas (N J) —
J-J
90
95
Isl 5s 1930
list
84
112
list
103
110
Cousum Gas
(J City)
M-N nooi4
1st 03 1904
I^Detroit City
50
Gas
Hudson Gas 100
&
i:Gas & El
113
107
105
Ijlst 58
Indmua Nat
F-A ?100
&
'"
L.
100
See Stock
111
::
I
Price per snare.
1
103
51
49
57
Exch
581-;
list
5102'-,.
53
75
105
Gas—
M-N
Ist 03 1908
109^2 Indianapolis Gas slock 50
-M-N
1st Os 1920
list
t
00
!
1915
5s a 1949
89
05
87
(ias
Hartford (Ct) Gas
Hudson Co Gas
80
104
.
t
Os lv2b..J-J
Ber.cen Co 100
Grand Rauids
list
Oi-Jj
interest.
Ust
CITIES
Light cfc Tract. 100
Preferred
100
Baltimore Consoiidat See
50
Bay State Gas
Am
[ .
1053<
no9
125
145
..100
Amer
300
300
111
108
100
135
155
112
J-J
1st
listanilard Gas
llPreferred
l8t 58 1930
79
h
105
107
h list
X list
Gas—
l3t 5s 1944
Consol 5s
'
1j
li.st
list
44
FortWavue
Exch
114
Am
(«msol 5s 1948. .J-J
Y<T EL
See Stock
l.st
Essex
{112
?106
100
113
9
30^4
79^2
Cent Union Gas 1st 5s...
Con Gas (N Y) stk. See St k Exc
E(|uitGascon5sl932 See Stk E
100 260
TiMutual Gas
New Amsterdam Gaa
405
101
115
108
Ry—
Islconsol 53iy31..F-A
A.O
Deb Os 1917
Chicago City Ky stk. 100
Chic U iiion Trac See St'ck
Cleveland Electr Rv. 100
Columbus CO) St Ry..lOO
Preterred
100
Coium Ry con 5s See Pli
Crossl'wn lst5s'33.J-D
Detroit United Ry.S'ee Stk
2
100
Gas Securities
XEW YORK
1U5
105
OTHER crriES
Burtalo Street
i
19
0(;
U.St
Bkln Crosstu 53 1908. J-J 103
Bku Hgts 1st 5s 1941 A-U 105 106
Bkln (J Co <S; Sub Seeiitk Exch list
Bklyu Rap Tran See Stk Exch list
Hefg4s2002
J-J
80
17
20
O7I2 68
il-N
con 6a 1931.. J-D 5123 124
BKOOKLYN
Atlan
4>28 1952
47
list
4s 1948
list
X
Preferred
100
100
North Chic Sir stock. 100
North Jersey St stocklOO
110
100
410
100
415
75
107
95
X
42
100
83
S'ie Phila
Intliauapous St Ry
J C Hob & Pater,son..lOO
10
4sgNovl 1949. ..M.N 65'.2
Lake St (Chic) El stk. 100
l-'4
1st 53 1928
J-J i 97>-2
TJLouisv St5sl930..J<fcJ 4110
Lynn<fc Bos 1st 5s '24. J-D ni2
Miuneap St Ry 58 See Stk Exch
list
108
99
405
105
410
70
105
90
k Exc
Stk K
Stk E
190
205
2102
illl
175
4108
W
28tli
110
100 >2
260
120
210
190
99
205
i
flChr't'r&lOlhSlstklOO
Colifc
Ask
Bid
Grand Rapids Ry....l00
HB'y
"Istnu>rt5sl904 ..J-1)
2duiort us 1914 ...J J
ou 58 1943 See Stock Exch
ifc
Street Kailways
Ask
jjj^j
t
Sale price.
o
M
E.X.
rights.
'j
Sells
on Slock Exchange, but
not;
a very active security.
BOSTON STOCK EXOH4NaE-Stock
Shart"
Samrtiay
67*8
m
•
16->
iVetinesiiay
JVC. 21
Dee. S3
67%
91
244
yj
17141714
•
165
184
165
•
'270
•a7<>
....
•
173
20
76
•l»:i
lOS
•7s»
S-2
136 137
173
•
•18
ia4 •17
*75
76
94
67^6
%1\
67
9->38
SI
a'j
2^
8
244 4
244 4
235
168
170
235
168
1404
04
Last Sale ly
75
76
76
•£>4
104
•94 104
76
'.'.'.'.
•74
....
77
72
76
1404
Dec '03
Mar'03
Deo '03
Dec '03
76
•199
-72
72
Dec '03
73
394 Last Sale 3?
Dec '03
Last Sale 754 Oct '03
•40
40 75 Last Sail Sn
Keb'03
75
••iO
Last Sale 93
Deo '03
73
78
73
734
784 784
'4
784
784
78 >u 7a
8.S
894 894 88
8838 SS^g
89
89
*S7Vi 8S<s
Last Sale lf>3
163 ....
163
•1R3 ....
Deo '03
89 4
89'-;
89 4 891-. •89
89 4 S9 4 '89
*108 109 •103
103 109
109
iiu'«nu>4 '110 111
Last Sale 2«4 Dec'03
Last Sale as 4 J'ly'03
'145
Last Sale 146
146
Deo'03
•143 ....
•a6
13
134 •13
•70
704 71
•13
13
70 U 70 >,
•3
1204121
125''8la6'4
•8>4..,.
•3>a
•
t>7
4>4
115
•o^j
:<87<,
78»8
•175
'1^
»l-j
71
4
•54
6
224
166
225
167
38'g
78^4
38='4
784
783-
7334
'175
•14
1«8
122a< *122
121
12234
634
7
lOmilOl'a •101 14
25
•
•i
•
24
<
24
2^4
4>«
4«
104
1034
5434
553^
•70
•75
•90
238
4X4
2K,
434
48
49
••50
1
50
•10
•lU
11
20
"10
17
••80
••25
•50
el
8
•20
1
4
•435
43a
••07
•OS
15
64
••80
15
15
87,
79
76
76
•111
8
•2
•7
•4
•64
•4
••50
44
86
•3
••60
•1
'80
•1
•14
s
•85
*
4>3i ••50
7
44
1
44
'6
•4
••50
t54
36
36
4
3
••60
•75
14
y*
67 4 58
22
•J'i
-27g
49^8
122
874
^40
15
100
•46
:s84 2334
•1
•8
7634
113
138
122
90
7
44
1
54
7=
r
J'ne'03
9
216
2839
101
47
23''t
47
•284
•90
47=8
•80
100
Last Sale 98
44
484
1
11
la
•25
•so
•50
8
8
204 204
••35
-34
435
••07
1434
334
77
•111
•6
•4
••50
6
14
84
684
14
2
90
••75
8
68
•40
4
435
08
1434
8
14
B'4
•68
6a
69
••»5
1
•99
•85
4638
3434
77
113
1014
47
29
80
24
44
4734
80
85
3
44
48^8
Last Sale 1
Last Hale 11
•1«
••80
19
•374
Deo'03
24
44
48^
•80
14'8
80
•80
115
19
•80
214
••35
15
'03
84
8
23
•40
Oct '03
436
May'03
154
Sep
•79
Last Sale 204
io^ 47
464
35
35
35
774 774 274
115
4938
Sep
Last Sale 34
436 436
435
Last Sale •OS
14''8
4 '8
Oct
Dec'03
•18
8
2058 2134
••35
•40
24
'03
Last Sale 50
•734
85
Dec'03
'03
^79
Sep '03
474
35
74
•112
7
18-4
84
29^8
1*4
634
6a
14
3
'"i"
3
•85
90
1
1
14
14
734
8
894 894
47,
184 184
8
84
294 30
14
6"i6
14
7
•68
69
•99
1
Dec'03
Dec'03
64
36 4 37
37
3734
4
*3
4
•3
Last Sale 70
Last Sale 75
14 Last Sale 75
58
6\
6*8
44 Last Sale 4
Last Sale 75
1
64 64 *0
6
22
434
2914
215
8
Last Sale 80
•3
44
-7
81
•75" 80
36I4
364 364
'3
3
4
*-60
•76
-75
*-'4
184
138
Aug'03
122
24 Last Sale 84
24
Dec'03
a
74 74 -739
74 74
734
4
4
4ii«
3'8
4
••62
^75
Last
•75
Sale 75
4
Dec'03
8'4
8V,
79
Dec'03
•2
90
-1
•14
838
Last Sale 74
Dec'03
75'>8 75i%
""
Last Sale 70
Oct''03
Last Sale 5S4
Dec'03
104 104
104 104 10=8
1034
5438 5538
54 »8 54'e
55
554
••70
•85
Last Sale •75
Nov'OS
46
85
8!%
216
100
47
45
84
2a 4
Last Sale
216
100
47
•30
3
•«
122
100
-90
3
2U
122
3
•10
•IS
3
90
79
Sale 18S
*2
1
22
1»4
533
S38
79
3
11
17
58
22
14
79
-2
•50
334 334
33>4
76
4
84
Last Sale 40
33>4
Hi
24
84
1774 Last
•14 138
138
Last Sale 40
64
444 46
4
44
435" 435"
•07 ^08
45
•4
24
20 14 204
•40
•90
•2
•7
8
81
80
100
••25
•50
734
•S4
-90
111
ig
-80
204
•40
-85
•74
•74
8
81
"li" 80
•ao 100
44
•64 7
•64 7
•64
7
1014 10141014 1014 1014
*
25
Last Sale ?5Kt"' Aug'03
25
Last Sale 38
Sep '03
100 Hz 1004 101
47
47
43
284 28 ^e •284 29
i
44
74
•58
•21
•276
•85
Dec'03
May'03
Dec'03
22
34
594
214
59 4
3
•234
3
734
594
90
•76
•75
-138
1»4
•85
90
1
•14
8
»
8
90
90
Last Sale 35
Last Sale 33
Last Sale 70
i\
214
1
90
4^8
10<v
134
8
94
Nov'OS
;'ly'03
Sep
6
'03
5
Last Sale 9
Nov'OS
184 183s. 184
184
8
«
8
84
29''9
30
134
r^ 7
684 684
1
1
291,
]'<
69
14
304
2
7
69
14
O
W
M
CO
>
CO
FelOO
a 00
131
iirof
93
"60
544 Augld 39^8 Jan 10
Anglo 103 4 Jan 10
J'neia
2C.2
Aug
Aug
4Feb
4
154
Jon
5
7
250
Apr
J'ne 5
170 J'ne 6
290 J'lyl7
133 Sep 21
110 Novli)
184 Nov21
160 Jan 5
270 Aug
131 J'ly20
42 Mar U
173 4Mayl5
195
177
305
157
125
Jan
44
49
"9
277
3,640
760
530
2,(566
150
1,075
"281"
3 Sep -^3
12 Sep 26
10738 Oct VI
116 Augll
114 4 Oct »
634 Oct 15
65 Oct 15
34J'ly ' 2
115 Oct
25
25
Arcadian
Arnold
25
25
Atlantic
25
Bingham Con Min<&S 50
Bonanza (Dev Co)... 10
(Ltd).
Hecla
25
10
25
25
Cochiti Tr Co rects.. 10
(Jons
715
770
100
"235
Mercur Gold...
150
2,120
25
Copper Range Con ColOO 16,407
Daly-West
20
336
Dominion Coal
100
335
100
12
Franklin
25
260
Granby Consolidated. 10 1,990
Guanajuato Cousol..
Isle Royale (Copper). 25
140
Mass Consol
25
Mayflower
25
205
Michigan
25
790
Mohawk t
25
Montana Coal & Coke 25
150
Montreal & Boston.. 5
National
25
25
Old Colony
Old Dominion (Cop).. 25 1,085
9"
Osceola
25
25
Parrott(Silv<fe Copp) 10
250
Phoenix Consol t
25
26
Quincy
25
65
Rhode Island
25
50
Santa Fe(Gold & Cop) 10
Sliannon
10 3,816
150
Tamarack
25
Tecumseh
25
Tennessee
25
Tninountain
25
458
Trinity
25
100
United Copper
UnitedStatcs Mining 25 i;'220
670
Unit States Coal <feOU 25
4^85 17,531
Utah Con (Gold)
6
26
Victoria
285
Winona
25
505
Wolverine
25
800
25
Wyandot
Do ijref
Elm River
* Before pay'totaaseas'ts called in 1903. ciBeforepay'tofassess't.s called in 1902. -Bidandasked.
|1
•25
Apr
7
Oct
l)(i
Dec
M:u'
Jan
Oct
New
Mar
Mar
2
4
y
Doc
19
10 Mar
13 Aug
94 4 -A-ug
178 J'ly
99 Mar
17 J'ne
34^8 J'ly
55 4 Sep
152 4 May
32 4 J'ly
764 Dec 91
Jan
4
21
J'ue
J'ly
934
3734
May
May
1127gNov 135 4 Mar
115 Jan 123 Sep
Mat
155
12
73
Dec
Ai)r
Apr
174 Jan
Jan
18538
8034
334 May
4 4 May
122 4 Apr 13034 Apr
25 Jan 79^8 Aug
Nov
7
9=8
Jan 285
244
Mar
May
il7l34 Oct 33234 .\pr
364 Nov 4134 Nov
SS'^sFebl? 82 Nov
190 Feb 2 170 Jan
2 4 Jan 29
I'^gDec
86 Jan 2 87 Nov
139 Jan 2 135 Jan
20 Jan 6 21 Dec
237 Jan
216 Jan
10 Feb 13
6 Jan
132 Jan 5 100 Jan
2634 Jan 15 26 Oct
2934 Jan 5 28 Jan
87 4 Oct
190 Sep
338
Apr
93 4 J'ne
151 Apr
41 4 Sep
250 J'ly
10 4 Oct
177 J'ly
27 Jan
30 Oct
Apr21
Jan 10
Jan
314 Feb 5
14 Aug 2 4 Mar
854 Jau 117 Sep
46 Jan 574 May
154Pebll
954 May 6
184 Feb 16
57 4 Jau 9
114 Jau
804 Jau
134Jan
5
111
53
39 '8 Feb 5
89 =8 Jan 7
80
28
102
108
110
18
Jan
84 Mar
2
9
Mar 12
14 Feb 10
Mar21
314 Feb 25
64 Feb
•95
334.^pr
15 4 Sep
91 4 Sep
19=^8 001
024 Mar
49 Jau
29 4 Dec
79 4 Dec
4634
Jan
97 4 Jan
72 4 Mai fl2 4Apr
Mar
Jau 12 22 Dec 334 Apr
Feb 28 91 Feb 1064 Apr
Feb _ 86 4 Jau 115 4 Apr
Jan 29 89 Jan 117 Apr
7558
1234
Jan
29
9
Marli)
12 4 Dec
Aug
2
(2
244 Apr
434
Max
53 4 Nov 78'8 Feb
334 Apr
1 4 Nov
6 Dec l64J'iy
21 Nov 35 Jan
34 Jan 134 Mar
37 4 Dec
Jan
1
9 Deo
6 Dec
20 4 Jau 3934 .\pr
144 FeblO
Dec 1 394 Feb 10
Decls 90 Marl8 40
6
J'ly II20 MTar
8 ieb 3
104 Mar
5 4 Sop
J'ly 24 551
Marl2 420 Deo 650 Feb
•10
Feu
10
Feb 11 •10 Apr 12 Jan
•OS
12 J'ly 24 31^8 FeblO 11 Jan 28 Mar
334 May
534 Sep 23
94 J'ly 3
64 Dec
25 J'nelS 40 Sep 22 25 Apr '2 Jan
Nov
13 1^^32 Jau 2
138 Jau
2 4 J'ly
•b5
10 4 Sep 24 16 Mar24 15 Oct 1934 J'ly
37 J'ly 24 75 Feb 13 4334 Mar 65 4 Oct
31 N0VI6 484 May
184 Mar 56 J'ly
59 4 Oct 13 131 •'8 Jau 10 54 Jan 146 '2 Sep
106 Oct 16 1184 Feb 6 113 Dec 119 Jan
""25 400
'"71.0
Sep 25
75
20
200 •40
2,115
7
24
_
•2
Catalpa (Silver)
Centennial
Central Oil
Continental Zinc
3734
1344 Jan 8
122 4 Feb 18
169 4 Feb 18
14'8Feb24
794 Jan 22
534 Jan 22
127 Jau 6
6 4 Nov
62 4 J an 2
334 Jan 23
5 4 Oct 16
223 Dec '^2 310 Feb 17
133 Sep 28 204 Feb 16
30 J'ly 24 4334 Feb 20
&
&
180
9 Novl3 26 Feb 11
664Nov.i5 864 Feb 14
2 Deo 14
34 Jan 3
Oct 14
333,
Amalgamated CopperlOO 23,158
•50
i'eb 9
Amer Gold Dredging 5
6 Jan 2
Zinc Lead
Sm. 25
15''8J'ly24
Anaconda
25
1
Calumet
\pr
Apr 22 171 Oct 183 Apr
Marl3 297 4 J'ne 307 Mar
Jan 6 150 Sep 172 Mar
Jan 2 123 Nov 136 Mar
19G4Mar24 196 Nov 202 Jan
170 Maria 160 J'ne 166 4 Feb
86 Feb 19 280 Oct 295 Feb
143 4 Feb 10 141 Dec 148 Mar
42 Mar
47 J'ly 50 J 'no
Dec
15 4 Nov 6 2638 Jau 15
19 4 Jan
33 4 J'ly 23 52 Jan 15 39:<8 Jan
144 Sep 24 150 Jan 14 145 Nov
136
Mass'chusettsGasCoslOO 1,949
860 744 J'ly 24
Do pref
100
I6434 AuglO
Mergenthaler Lino.. 100
14 Oct 12
Mexican Teleplioue.. 10
110
2434 J'ly 10
N E Cotton Yarn pret 100
53 1^21 N0VI8
N E Telephone
100
9 Apr 24
Plant Comp new com. 100
75 197 J'lylo
Pullman Co
100
1534 Dec 9
25
Reece Button-Hole.. 10
150 99 J'ly 27
Swift <fc Co
100
25 J'nell
Torrington Class A.. 25
28 J'ly Do pref
134 Jan 12
50
Union Cop L'd <& Mg. 25
United Fruit
496 91 Augl3
100
3fi4
0ct 19
United Shoe Mach... 25
135
223 27 Augll
Do pref
25
7 Sep 30
U S Leather
100
Do pref
10 7134 Oct 15
100
9 Oct 1
U S Rubber
100
33 J'ly 27
Do pref
100
U S Steel Corp
100
927 10 NoviO
Do pref
100 4,041 4934 NovlO
West End Land
25 """3 •50 Jan 14
74N0VI3
West Telep & Teleg.lOO
71 Oct 23
Do pref
100
Westing El & Mlg... 50 "iso 67 Oct 20
8O34 Oct 1
Do pref
50
Colum
-Vpr
4 Oct 14 1044Jan 6 103
6634 Aug 8 104 4 J an 9
93=8
83 4 Oct 1
95 Jau 27 86'^8
*162 Sep 8 178 Feb25 172
35 87 4 Aug
97 Feb 10 92 4
119 108 Sep 10 116 Feb 14 HI 4
1,027
British
24>^
:8
91
Boston Land
10
Coniberl Telep & Tel 100
Dominion Iron & St..
East Bostxin Land
Edison Elec Ilium. ..100
G^eneral Electric
100
Am
J'ne
1904 Nov 209
23l>
5
Sep
:)0'
954 Mar 106 Sep
2364 Dec 266 ]May
149 4 Dec 17; 4 Mar
713
89
12,50^
Allouez
7438 Jau
Highest
Feb 10 172 Jan 1784J"ly
Feb 18 33 Dec 45 'b Apr
75 Dec
96 Jan 7 92 Jan 99 J 'ne
8=8 Nov 13 28'%Apr25
224 Dec 31 Mar
tl8S4May21 226 Jan 7 210 Jau :54 Apr
1614 Dec 18 1734Mar
170 Jan 75 Jau
220 Sep 23 232 Marll 230 Jau !38 Apr
Aug 2124Febl3 206 Dec !17 Apr
I'.Hi
74 J'ly2o 91 May 11 68 May 85 4 Sep
Sep 25 85 Jan 9 79 4 May 91 J'ly
30 J'lylo 71 Jan 20 6 4 '8 Dec 1254 Apr
7 J'ly 8 25 Jan 12 25 Nov 31 J'ly
75 Ian
8434 Jau 10
58 Jan 90 May
Nov 18
17
62
20
33o
Loioest
.S5
32 230
6;» 161
1
Hiqhest
Loioest
SI 134
Amer AgriciU Cheni.lOO
Do pref
100
Amer Pneu Serv
50
Do pref
50
AmerSugar ReUn
100
Do pref
100
Amer Teleu & Teleg.lOO
Amer Woolen
100
Do pref
100
Mining
AdventureCon
tor I^cvioxis
Year (1903)
Week
lUiMcellniieou!*
134
70'.,
634
100
•47
10^4 10^4
5534 56 >6
•85
••70
134 •13
714 7038
*54 6
Last Sale .534
6
Dec'03
2244 223 223 4 223 2-^3 4 222^8 224
10434 166
166
165 I6734 169
1704
394 394 3936 394 394 394
393t,
1774
17712 '176
8^8
9
2Y7"'2Vs"' ••215" •2174 •215"" 217'
•O^a
71
4
20
'
'
8^4
•21S
•ItU
34
4
134 •13
22
184 19 4
174 18
21
21
12341244 123abl23a8 1234 126
125=8 1274
12034 1^224 1214 122
1-J014 1204 '1'2041'2034
126 126 4 12534 1264 1254 1264 126 4 1274
84 84 -34 84
84 67I4
84
34
84
6634 674
674 674 674
67
6734
4I4
•34
Last Sale 54
•34 4'4
Nov'03
Last Sale 2254 Oct '03
115
115
17 >,
17
12378 124
66^8
394 •36
•36
'sgi-j
1903
the
Sharei.
100
100
Bo.stou * Albany
Boston Klevateil
100
100
Boston* Lowell
Boston cfc M;uue
100
Do prof
100
Bo.ston & Providence 100
Cluc.luucny& U S VI 00
Do prof
100
Con* Mont Class 4. .100
Conn & Pass RivpreflOO
Connecticut liiver...lOO
Fitcliburtf pref
100
Houston El'trio com. 100
Maine Central
100
Mass KlectnoCos
100
Do prel
100
Mexican Central
100
N Y N H <fc Hart.. ..100
Northern N H
100
Norwich <fe Wor prelioo
Old Colony
100
Pere Marquette
100
Do pref
100
Rutland pref
100
Savannah Elec com.. 100
Seattle Klectric
100
Do pref
100
TJmon Pacific
100
Do pref
100
Vermont & Mass
100
West End St
50
Do pref
50
Wisconsin Central... 100
Do pref
100
Wore Nash cfc Roch..l00
i954 1954
;6i4 Dec '1)3
J-33
Dec '03
ryg
Kailroiiii't
Top >V Siiuta
Hange
Jiange for Year
Sa les
0'
EXCHANGE
Do
Last SaLe jy.^
Nov'OS
•13a 4 141
1394 141
Last Sale 1-Jl
Dec '03
Last Sale IS4
Deo '03
Last Sale tlio
I>«o'03
184
STOCKS
BOSTON STOCK
Atch
6<54
235
163
170
235
163
FYida'l
Dec. 35
92'.;
2453.4 24534
140 14l>7g
195>4l954 195 41954 '195 195 4
Last Sale
•161 16S
Itll
16S
221
Last Sale
'2''l
199 200
•199
200 200
"79
Last Sale
82
•794 S2
•72
U'/iursdai/
Dec. -^4:
139 4141
119
134
165
2714271'-. «270
270
Last Sale 135
136
Last Sale 43
Last .'iale 174
172
iio
'iia
.--
•13j
235
168
'2i'4
140
12-2
76
168
170
lO-^
'•>tU
•IIJ
•ISl
67 \i
92
245
42444 244
14041404
168
•170
»
67 4
92
14034 Uits,
163
I'er Crntiini i'riceH
JHonUan
•67
in'h]
— Not
l*rieo!«
Weekly and Yearly
Record, Daily,
4 Oct 13
Oct 2
J'ly 23
J'ly
24
334
Dec
•50
54 J'ly 15
3 J'ly 24
•50
Deo 7
2
7
434
Dec 16
31
J'ly 24
2
•55
•75
Nov
Nov30
•50
5
J'neia
Oct 8
4
May 14
434J'ly24
J'ly 24
2''8l>ecl7
80 Oct 15
IG
.75
Novl3
1
J'ly 24
Deo
14 Jan
7 4 Dec
1534
Feb
4 Dec
5'?.
<8
174 Feb
2
934
Jan
Feb
Marl7
Feb 9
54 Apr 2 3
3 Jan 12
5
18
9
Feb 6
24 Jan 23
114 Feb
9
Dec
3
J'ly 24
Nov 13
74N0V23
24
104
J'ly
8
22
Jan 24
Dec 21
4 May
124 Dec
1 4 Sep
7
Nov
38
338
Mar
4 Mar
49 4 Sep
dl.S
Feb 13 d27 Jan
Marl 3
6 Oct
3 J'ly
434
,Mar
Jan 10
1^8 J'ly
13,>4 Jan
14 Jau 23
1
Jau
24 Feb 9 75 Dec 4 Mar
23 4 Feb 9 14 4 Nov 25 Feb
79 Feb 9 47 4 Nov 893. Feb
34 FeblO 21 Nov 34 Feb
5 May
74 Feb 11
3 Dec
1264 Feb 6 100 Nov 147 Feb
4 Feb 10
14 J'ne 3', Mar
3 Jan 23
4 Feb
14 Sep
58
8
2-%
Apr 23
3 Nov
Feb 6 140 Dec
Feb 9 50 Jan
1338 Mar
1734 Jan 28 3334 Marl2
70 Sep 2 1064 Feb 20 (234 Jan
J'ly
24 14 Feb 9
8 Dec
44
7
75
25
54Mar
14
14'8
190
l^ie
3134 Jan
'-'
27 4 Feb 9
17 Marl 6
27
Sep
13 4 Jan
13
18
281
May
Feb
34 J'ne
184 J'ly
125 Feb
184 Mar
35^18
23
'ly
Dec
Nov 184 J'ly
194J'ly 274 Feb
Oct
Dec
7
4
6 Aug
d\ Jan
42 Jan 65 Dec
134 J ly
50 Nov
rights
aEx-div.&
stock. tAss'tpaid. tBi-rights.
3358 Muy23
9
Feb 9
04 J'ly 24 tl434 MurlO
Marl-.:
Gl J'ly 28 77
2^8 Marl 7
•75
Oct 22
1
4 Dec 2
5
Dec.
1
itOM»
Weelc'a
Ask Low
Hid
9S'aSale
98 >8
98 s<
93 -^
9334
U3'8Sa!113 Hi Feb 'OS
118 -fe
"98>iSale' 98 Is
86 '
87
Mi's
104 Apr '00
1
iV:
1
Nebraska 1st
Ke«eu s
ife
7s..l*.H>8
Is. . lil'Jii
Ailju.xtineut
Boston
Boston
4»
i?
J'ly
i,o\vell 4s
<!t
Maine
Improvement
4
it
ISl'Jii
A
N
l',>()7
'ca
4.-«
Last Sale
I'.iOo
99 «
101 Mar'03
ite .Mon Sd issue 7s... 1!I04W1
Boston Teruiiiiul 1st 3H;s.l'J4
Kap
Cellar
Mo K
Ji
113
it
Cliic it
113
105
»ale
82
84
123
123
101
105
us.... 1921
cons 4s.. 1920
100
95
106
105
Rap&W
101
97
80
99
107
99
Dec '03
93
Dec'03
105 i-i
97
125
123
102
105 '4
109 14
Dec '03
'a
8S
9934
107S.
102
S)
105'4 105^4
98
loo's
98
90
99
96 Hi
103 Hi 107^4
Nov"03
16
J'ly '03
125
123
100
102
Oct 'Oi!
Nov'03
Dec '03
98 Hi
128
127 Si
107
107 Si
Mar'02
112^4 Jan '03
100
100
112'4ll2l4
991310334
Nov'03
95»al0O
105 110
104 Si 107 »4
N0VO3
104=8 104»8
lOO'g Mar'02
IIII4 .May'02
135
135
90 14 Sale
.
ii> 's
96
106
Fltchburg4s
1904
4s
1927
Freiut Elk & Mo V Ist 6s. 1933
Uiistampetl 1st 6s
1933
Gt Nor C B & Q coU tr 4s 1921
Registered 4s
1921
117 Kill?
107
107
100 '4 Dec '03
105 Feb '03
99-8
99 ^
106 '4 Dec '02
106
.^'en
Nov'03
136
136
90
Dec '03
90 H;
90^4
55
la Falls it Sioux C 1st 7s. .1917
Kan C CUiiit Spr Isl 5s... 1925
Kane; Ft s
Kan C
it liiill 1st
Ft Scott it
M
B gen
4s
M
it
Dec '03
Slmre Prices— Not Per
MunUay
'Juesdai/
Dec.
Dec.
Cciitiiin
yVeUne.su ay
Dec. 2i
'22
135 Si 138
135 Si 137 Si
87 ^ 94 Si
87 4 94
1931
Kan C it M Ky it Br Isl 5sl929
KanCblJoitC B Isl 7».. 1907
tiKit Ftsm Ulgr l8t78...1905
1
07
1908
1915
5a
N VifcN'Eug'lst78!"".!!a905
1905
1st 1)8
1924
Old Colony gold 4s
Oreg Ky ite Nav con g4s..l94(i
1922
Orcg Sh Lino Ist g 68
Uepub Valley
95
No
•
Slocks see below)
25
99
91
lOO's lOSSj
107
'03
15^^
9 '4
75
J'iio'03
S;
Ill's
104
121-V 123>4
102 102
11434 118
68 ".i 7834
13 '» 26
9 '4 10
101'4
20
11-
76
95
103
102
Sa
:02'<>102i-2
102S2l04'4
106'8l06'»
102 106
101
101',,
Nov'03
Nov'03
90
101
107
103
76
102
112 May '1)1
100 1« Oct '02
119 J'ly'Oii
105 Oct '02
100 J'ne'02
102 IMar'02
100
1...
101
104 Mar'02
96
96
102 'a Nov'03
102 Si Oct '03
103
103
lOliSj Mar'03
102 "4 102',
103
102
101
FA
Oct
Dec '03
Dec'03
Sep '03
69
J-J
J-J
Feb '03
14
10334
119
119
90
101
107
106
107
'.16
Si
100 ".i
lOOSi
94aB Nov'03
9^76l()lSj
92-''«
106
98
111
MS
101
102
100 Sep '02
101 Oct '02
105S2J'ne'03
FA
10234 Apr '03
10218 Nov'03
J-J
M-N
M-S
M-X
M-N
100 Si 102
M-N
J-J
J-J
J-J
9 9 Si Sale
98 '4 105
99>.2
1123„Oct'03
latest bid
;
991..
]05i^>108
10234 10234
102 104'4
87 14 J'ly '01
Daily,
and asked.
1]
the
11238
Trust Co.
U23»
ctls.
Weekly, Yearly
Mange jor Year
19U3
Sales
0/
100
96
FA
J-D
FA
price Friday
(For Bonds and Inactive
Jiridati
1143|
68 Sj.
J-J
J-J
M-N
95
79
Aug'113
1073j
nil's Dec'03
122 Nov'03
102 J'iie'03
.V-O
Uutland 1st 68
1902
Kutland-Canadian Ist4sl949
Ist cons 6s. 195:
Seattle F.lec lat g 03
1930
Torrington lat g os
1918
Union Pac KUdfc 1 grg 48.1947
1911
Ist liencouv 4a
United J;'ruitcouvgeu58.1911
Vermont it Mass 5s
1903
West End Street Kyg 6s.. 1902
1914
Gold4Si8
1916
Gold debenture 4s
Gold 48
1917
Western Teleph <t Tel 58.1932
Wisconsin Cent 1st gen 481949
Wisconsin Valley Ist 7s.. 1909
Savannah Elec
Sep '03
Die '03
10734
.
Hii/li,
9 6 Si 100
96'... 101 Si
126-1 1311
100
104
100
ir.".j
124 '4
114
106'8.'Vliiy03
>-j.
A-O
J-J
1
Low
80 Si Dec'03
107
100
6s. ..1919
Ist s
-Vo
lliiih
itt>S.Oct '03
80
Mfcli Telcp cons 5s tr rec.1929 '1%
Minne Uen Elec con g os 1929 J-J
1929 F-.\
New Eng Col Yarn 5s
1906 A-O
New EngToleph 68
1907 A-O
6s
6s
Jaituarti 1
OOSiOct '03
109
118
96
'•!
lUiTgUS
Ceiil cons Ist 7s. ..1912 A-O
Is
I 'oils Isl
1912 A-O
Hougli
it Ont Isl 6s. 1',I25 A-O
Marq
MexiCiin Central cons 4s.. 191 J-J
Jan 1939 J'ly
lat cons inc3s
Jan 1939
2il ctins inc 3a
ACTIVE .STOCKS
Dec.
'.'.'.'.'.'.
J-J
J-J
Exchanges— Stock Record,
Prices
Thursday
Dec. 24
1 90S
192S
7s..
6s
A-O
Jl)
M-N
M-S
Spl
A-O
Rau'/e
since
2-C
128 Dec '03
ibo" 100 14 Doc -03
.\.-o
Marl93l
interest lu addition to the purchase price for ;Ul Boston Bonds.
Philadelphia and Baltimore Stock
-Jl
"bVt'i^
ibVta^i'S'i'vl
U7'4 Feb "03
84 Dec '03
99 '4 Dec '03
a9
Concoril & Mont
Conn<fc Pass K l8tK48...194
Current River 1st 5s
192
DetGr
I8t4s...l940
Douiiuiou Coal 1st lis
1913
Eastern 1st gold lis
1906
Saturdaij
Dec. ly
llu^
97'"
Ask Low
"95"
'.'.'.'.'.'.
Maine
91
ill
J'ly '02
"03
J'no'Ol
129 •'8 Nov'03
St P Wis V lUv iisl920
No Mich 1st gu 5s. 1931
Note— Buyer pays accrued
80
113
"-J
101
100
Isl 7s.i;Ut'
li'Oil
W Mich
101
U3S.113S1
102:^,113
99^ Oct
limi
1SU7
&
Jl
Chic
Si
deben 5s. ...1910 J.J
Non-convert deben 5«. ..1913 A-O
Incomu 58
Feb "03
90^3 Feb '03
Cent Vorml 1st tf4s..Maylil-'0
Ctic Burl ife y exteuil4s.ll»or>
I'JH'
Iowa Div 1st 5s
UtlS'
Iowa Div 1st 4s
litl;<
Debenture 5s
Denver Exten 4s
192'J
Nebraska Exteu 4s
19'J7
11)21
B& S Ws 148
Illinois DiT 3 "riS
1949
Joint bomls See Gt Northern
Chtc Jo Ky ct Stk Yils 5s .1915
Coll trust reliimllnff s 4sl940
Ch Mil & St P Dub D 6s.. 1920
Ch
K;
10i:'4
92
Last Sale
Illinois Steol
Kane;
112^; Jan '03
IDlt*
L>ll78
113
Si
86
1
113
li'l.s
lis
113
97
.\pr'01
Jan '02
l2(i-'4
Bost V n Uas 1st os tr rects-19olt
"2(1 r>s trust receipts
li'3!'
Sinkiu? tuuil 4s
Butte it Boston l»l6s
47
"4
Range or
Dec J
Bid
lliijh
99 '8
96
93 "q 98^i
"-J
li>44
Bost
Bur iV- Mo 14iv ex
Xon-exempt lis
Low
r>
Week's
Pries
Thursilai)
4'
BOSTON STOCK EXCU'GE
WEEK ENUi.sa Dec 25
Since
Janunri/
5-»
2383
ItONU.S
J\ait(jf
Range or
Thursday
Dec J 4
Am Boll Telephone 4s 1908
Am Telep Tel coll tr 48.H)--'!»
AtchToi).!: S
J
Boston Bond Record,
26, 1903.1
BOSTOJf STOCK KXCH'CrK
WEEK KXDiNo Dec 25
Atch
•h
S
1
Range
lor LYevious
year(iyu-i)
Week
Shares
Lowest
Highest
Lowest
Li ighcst
Ualtiiiiure
58H2
89Si
'
89
13 S;
23
89
•13
•22
89 Si
•1358
14
22 14 22^8
8»8
8^,
Consobdated Gas
Northern Central
Seaboard Air Idne
100
50
100
Do pret
100
Onited Ky & Electric. 50
59
•88
14
14
•23 Si 25
"88
l-"4
834
'8S2
13
8S1
Si
8Si
58SiDecl6 72 Si Jan 5 62i4Jan 74 is Sep
Jan 12 104 Jau l25'4J'ly
Si Oct 23 118
11 '4 Oct
23«8 Dec 3434 Aug
2 8 '4 Jan 2
20 Oct 9 45 Jan 2 40 '4 Dec SSig Aug
8 Oct 19 lih Jan 3 13 Oct 17 Mar
84
3
68U
300
40U
;.
Philndelpliia
'H.
''a.
•1838
18
1S»4
\
3^
28,6
25i6
64 -J 65
36
3'4
583,
59 "s
39 S.
6»8
58''8 093l6
6>»
3834
6
39 '4
6
*38
22^4
934
934
39
*29S> 2934
4534 4534
83^4
84
2234 23I4
•38Si 39
•30>4 3OS2
4559 45=8
84^8 85
17'8
'4
"4
2'4
2Si
65
36 Si 36 Si
*64Si
3'8
11
22>4
23,
*64Si 65
36'4 36 '2
318
•10
17^8
%
«ie
234
36
38 '8
18
'H.
5834
3838
17 'a
18
*i4
2
6434
36''8
3=4
59
39
58iBie 593h
38^4 3834
6
5=8
6iie
5 '8
8'8'4
9 '4
S
22Sj22l5ie
22S2 22i5i8
*38'4 38^4 3815i63S15i6
•30
3OS2
30S1 •30
4534 4534
4534 45^6
84
84
•17-4
18
2Si
3
84 ^8 85
S)
Sid
65
3638
3638
314
3Sj
American Cement
10
50
American Railways... 50
Bell Telephone
all
Cambria Iron
5u
Central Coal <fc Coke. 100
Preferred
100
Consol Trac Pitts
50
Preferred
50
Danville Bessemer...! "2
Iron
<fe
5918 5938
39
4914
5J4
734
2234
'38'4
43
*30
30
4534
•8434
4578
Easton Con Electric... 50
Klectric of America. ..50
Klec Storage Batt
100
Preferred
100
Asphal
Gen
pf rnt ctls...
Germaiitowu Pass
50
Harrison Bros pref. .100
Indianapolis St
100
Inter Sm Pow & Chem.50
Keystone Telephone ..50
17
'"i"
55
2334
<fc
nsi
1134
3
Steel.
Pennsylvania Salt
50
Pennsylvania Steel.. 100
Preferred
100
Phila Co (Pitts) pref.. .50
Phil German <fc Norris.SO
Phila Traction
50
Railwa.vs General
10
& Steel..
Tidewater Steel
10
United N J RR & C. 100
Unit Pow & Trans
2
Susqueh Iron
Preferred
Westmoreland
'
Coal... 50
Rya—
3-3 S2-4S 1943
P-A
Lehigh Nav 4SiS '14.Q-J
RRs 4s g
1914. y-F
PHILADELPHIA
11634
Phil Elec gold trust ctfs
Trust certif 8 4s
9834
93
P it E gen M 5 g
Gen M 4s g 1920.. A&O
Ph & Read 2d 5s '33. A-O
'20. A-O
M 7s 1911
J-D
6s g 1911. ...J-D
M 4s g '47. A-O
Con M ot '82 4s '37. J-J
Con
ConM
11134
9934 100
Ex Imp
"9734"
43H2
160
98
.....^
"3;
265
270
3
3-4
107 Hi
101i<
109
11934
IISI4
139
B
col tr 4s '21. J-J
Aug28
20
119'!.
Ill
104 '4
104 104 Si
125
100 Si IOIS2
107 109
99 H
98
i'iih 114
52
55
t
923^
93 '4
106
'
90
1952 J-J
Ry con5sl932 M-N
Ext& Imp 5s. 1932 M-S
Clias City Ry 1st 5s '23 J-J
Cent'l
People's Trtr certs 4s '43' 103
104
P Co lSt& col tr 5s'49 M-Sl 109 '4 10970
es-dividend.
3'-28
Ex-i
is
Sep
Jan 5
Jau 2
Jan 2
Feb 5
457e Jan 30
2^8 Feb
4 Jau 6
I4 Aug
Feb 18
Feb 16
1
^IB Oct
7834 Jan 6 7334 Jan
4734 Feb 10 43 '2 Dec
9 Jau 8
3's Jan
8'4 J'ne
1778 Jan 5
34iii6 Jan 2
2 6 '4 Mar
441I18 Feb 6
40 Mar
40'8 Jan 6 30 Jau
4734 Febl6 32 Jan
II6S1 Jan 31 101 Si May
31 Marll 24 .Jan
10534'
N
.
G-B-S Brew 3-4s 1051M-S
2d income 5s 1951 M-N
KnoxvTrac lsf58 '28A-0
LakeR El 1st gu5s'42M-S
MetSt(Wash)l8t5s'25FA
Mt Ver
120
Cot
Duck
Incomes
1st os
Norfolk St 1st 5s '44. .J-J
North Cent 4 1^8 1925 A-O
J-J
6s 1904
Series
Series
Pitt Un
A 58
29 's Sep
36 Apr
80 14 Apr
7934 Sep
38 Si Dec
Si'isOct
34
J'ly
134 J'ly
85
Sep
50'8
Apr
9
Sep
'.2
IS^g Oct
393]e
Sep
45 "8
.Sep
4tlSjj^Oct
4334
Feb
126 May
40S2Se p
Bid
83 Hi
Ask
90
112
111
90
117
11134
112
108
121H!
113
49Hi
28
30
90S2
118
116
64
II8S2
70
,
Npt NifeO P 1st 5s'38 M-N
General 5s.. ..1941 M-S
96
i02
106 Si 108
1926.... J-J
B 5s 1926 J-J
Trac 58 1997. JPoto Val 1st 5s 1941.. J-J
Sec AvT(Pitt8) 5s '34 J-D
Sav FlaifeWest5s'34 A-O
Seaboard A L 4s 1950 A-O
Seab & Roan 58 1926. J-J
South Bound Ist 5s. .A-O
UEl L&P 1st 4H2S'29 M-N
Un Ry & El Ist 4s '49 M-S
Income 4s 1949
J-D
Va Mid Ist 68 1906.. M-S
--- •«
ibs"
72
Si
73
81
9II4
5634
67
2d scries 6s 1911... M-S
3d series 6s 1916.. M-S
4th ser 3-4-58 1921. M-S
111
ll2Si
5th series 5s 1926. M-S
(State) 3s new '32. J-J
Fund debt 2-3.%1991.J-J
West
C con 6s 1914 J-J
WesVa C&P Ist 6g'll J-J
& Weld 5S..1935.J-J
111
95
96^4
Va
11734
100
111
Col &Grnv 1st 68.1916 J-J
Consol Gas 63. ..1910 J-D
1939 J-D
58
Ga & Ala 1st con 5s '45 J-J
Ga Car & Ist 5s g '29 J-J
Georgia P 1st 6s. .'22 J-J
GaSoifc Fla 1st 5s 194.5J-J
Apr
1
23 Mav
6 Dec
33 Dec
65 Nov
29 '4 Nov
99 Si Chas Ry G & El OS '99 M-S
6234 63
Charl C & A ext 5s. '09 J-J
1910 A-O
2d 7s
114H llSSl
104
City <fe Sub lst58..'22 J-D
124 v. 126S1 Cityife Sub(Wa.>5)l8t5s'48
BaltCPasslst5s'llM-N i05
Bait Fundg 58.1916 M-N
Exchange 3128 1930 J-J 110'4
Bait ifc Pistes ml '11 A-O
Bait Trac 1st 53. .'29 M-N
No Bait Div 5s J942 J-D
Convertible 5s. '06 M-N
Jan 10
99
&
Pot 5s
Atl& Ch 1st 7... 1907 J-J
Atlan C L RR4sl952M-S
Atl Coast L(Ct)ctf8 5s J-D
Ctfs ot indebt 4s
J-J
^8
2634
9«16
4034
7934
BALTIiHORE
Ask
Bid
Inactive Stocks
Atlanta & Charlotte. 100
Atlan Coast Line RB 100 a;104Hi 106
Atlan Coast L (Conn) 100
221 "5!
Canton Co
100
Georgia Soa&FU...100
1st pref
100
2d pref
100
62
G-B-SBrewTng
778
100
Mt Vernon Cot Duck
1^8
IHi
Unit Elec L & P pref. 50
40
35
Relunding
Consol 5s r 1919.. .Var
is
tfc
Anacostia
Penn <fe Md Steel con 6s.
Pa & N Y Can 78 '06. J-D
Con 5s -1939
A-O 110
Con 4s 1939
A-O
97
'17
Penn Steel 1st 5s
M-N 10434
Lowest
W
6
2734 NovlO
40^8 Sep 29
76 Oct 12
Bonds
105
114
100
Income 4s 1939... M-N
1st 4s '36. .M-N 110
Deben 6s 1905
M-S
Penn gen 6s r 1910. .Var i"i3" 115
Consol 6s c 1905... Var
||
Terminal 5s gl941.y-F
Rochester Ry con 5s 1930
S R E Side 4s interim ctfs
U Trac Ind gen 5s' 19. J-J
U Trac Pit gen 5s '97 J-J
Welsbach s f 58 1930. J-D
693
.
No Penn
Bid ana asked prices; no sales on this day.
P
2ii2'2
Aug
5
734 Dec 24
I834N0VI6
36 Sep 28
BALTIMCHIE
49-4
Gen M 4Sis g.l924.Q-F
Leh V C 1st 58 g '33. .J-J 110
Leh V ext 4s 1st 1948. J-D 112
2d 7s 1910
M-S 119
J-D
Annuity 6s
J-D
Leh V Trac 1st 4s '29. J-D
Nat Asphalt 5s rects..
New Con Gas 5s 1948 J-D
Newark Pass con Ss 1930
50
50
100
Ask
Bid
Elm & WU 1st 6s 'lO.J-J
Eq II Gas-L Ist g 5s 1928
H & B Top con 5s '25 A-O 102
Indianapolis Ry 4s. 1933
NY Ph& No 1st 4s '39 J-J
43
50
50
Warwick Iron & Steel. 10
West Jersey <fc Sea Sh. 50
E & A Ist M OS 1920 M-N
Elec & Peo Tr stk tr ctfs
Consol 6s 1923
62 "4
North Penn.sylvania..50 ibs" 104
United Trac Pitts
PHILADELPHIA
Interstate
50
10
50
MinehiU <fc Schuyl H..50
Nesquehoning
50
Iron
Union Trac ton
United Gas Impt
WelsbachCo
<fc
"a
.
N Haven
Si
85
25
Choc& Me 1st 5s 1949 J-J 112
Ch Ok G gen 5s '19 J-J 107 S: 108
Col St Ry 1st con 5s 1932 103
CouTracotN J 1st 5s. '33 105n
Hi
Preferred
3^34
Berg&EBrwlst6s'21J-J
Bethle Steel 6s 1998. Q-F
Che & D Can 1st 5s '16 J-J
46Si
Preferred
Lit Brothers
Philadelphia Electric. 25 3,194
Phila Rapid Transit ... 50 9,066
Reading
50 26,924
10
Do 1st pref
50
Do '^pref
50
8 '4
22^8
Balls Ter 1st 5s 1926. J-D
Steel...
Little Schuylkill
o'8
Kl
7% AlValEext7s 1910 A-O 116
AmRysconY5s 1911. J-D 981,
44
Atl City 1st 5s g '19. M-N
7
Steel
Diamond State
>
Bonds
Inactive Stocks
Amer
Ask
CO
65
'20
PHILADELPHIA
50
he Oct 27
Do pret
50
Cambria Steel
50
737 17'4Novl3
Cousol Dake Superior.. 100 1,134
'sNov 6
595
38 Dec 11
100
Do pref
Lehigh Coal & Nav
348 64 Aug 7
50
Lehigh VaUey
554 34S2N0VI3
50
MarsdeuCo
100 5,320
1 Si Sep 29
Nat Asphalt Tr Co recta 50
iieJ'nelS
Do pref Tr Co rects 80
'^J'ne 8
Pennsylvania BR
50 11,498 5538Novl2
Pluladelp'a Co (Pittsb) 50 4, 3 20 35 Oct 12
a
%
2'4
'4
3638
Ameincan Alkali
O
N
WU
95H2
96
116
lllHi 112
iie-^
Si
THE CHRONICLE.
2384
[Vol. Lxxvii.
«
%nvtstmtnt ^n& ^ailwad
lixtjellig^wce*
RAILROAD GROSS EARNINGS.
shows the crross earnings of everj' Stfam railroad from which regular weekly or monthly returns
can be obtained. The tirst two colnmns of figures give the gross earnings for the latest week or month, and the last two
columns the ejirnings for the period from July 1 to and including such latest week or month.
2'he returns of the street railtcatjs are brought together separately on a subsequent page.
The
followina: table
Latest Grost Jiarninys
KG ADS
or
Mcnth
wk Dec
Ala Gt Soil'
Ala N O *
XOA
VurrgiU
Year
oG.i
July
1
10 Latest
Date
/Ytrt>£i)(tJ>
Vitrrent
.^V•«'(!(yuJi
Year
Year
Year
60
43,614
1,408,021
Latest
ROADS
or
1^15,044
917,340
196,645 1,038,861
104,051
510,238
451,016
587,0i»'
511.390
114,318
-\iivember.
Inc. 68,014
i)tc. 363.007
Alle*;heny Valley October.
980,903
807,761
35,7S3
36,640
Ann Aiiiar
3(1 wk Deo
AtohTop ifc S Fe. October.. 6,576,025 5,910,031 23,428,164 20,506,094
2^U-U
34.414
18,480
45,4501
Atlanta A Birm.. Aujcust...
297.304 264,028
833,585
707.574
Atlitiitii vVi Char.. September
31,71:
314.464
204,602
54,012
Atl Kuoxv it No. Noveiul)er
35,t>o'
133,048
76,488
Atlantic * Ulriu October...
22,515
Atl Coast Liue..< Oct >ber .. 1,750,71:1) 1,800.383 6,065.4201 6,047,691
54.493
13.232
39,991
Bait lb Ann SL... Ootobor.
9,157
Butt it 01iu>
Noveuiber. 3.310,863 5,020.951 20,2^6.272 26.720,753
Total System... Nov'ber. r. 5,617.693 5,413,370 31,360,263 28,836,107
705,705
504,718
BiiniTiir A: Art)o.-<l! )cto'jer. ..
193,505
178,624
3,312
9,334
8,781
BatlutHrtiuMsp't St'jiteml)er
3,291
31,264
25,273
5,936
Beileionte Ceut'i November.
5,485
16,981
17.093
3,947
4,507
Bndvt & Saoo K. October..
116,844 3,872,670 3.547,5,57
BnilRocli&fi;t.-, Id wk Dec 110,241
343,3sO
327,066
HuUalii ASasii...' October..
96,654
97,277
76,10(
978,000
55,500 1,524,900
Canailian NorlU.. 1st wk Dec
Cauailiau FaciiU J(l wk Deo 922,001) 824,000 22,422.763 20,254,757
16,017
41,205
21.U30
58,807
Oaue Belt
S.ipiember
203,4;>0
177,990 4.302,537 4,217,784
Cent'l of «eor>;ta •-'d wk Dec
Cent'iotN Jeisoy November, 1,S01,074 1,828,871 0,384,785 6,501,318
2,219,669 1.982,945 8,461,002 7,855.107
OeDtral Paoitlc. ')<• toner.
2,340
51,177
:i;,265
54,277
Ohattau !?oulli'n. 2d wk Dec
Chesap & Ohio... October.. 1.714,738 1,325,627 6,504,111 4,716,209
925,387 4.104,835 3,495,807
Oliio<fc Alton Kv. October.. 1,121,227
Ohio tit Western. 2d wk Dec 145,634 141,252 4.045,515 3,573.308
84,936
Uhic 1ml it l/v...i 2d wk Dec
83,76/ 2.595,661 2,323,787
Chic Milw & at Y October... 4,938,538 4.814,702 17.594.875 16.883,384
Chic it North W'n November. 4,721,250 4.174,082 25,012,907 21,723,035
&0. October... 1,243,406 1,327,252 4,311,566 4,448,3,^8
Ohic.>^t
25,618
761,895
790,771
31,942
Chic Term Tr KH 2a wk Dec
98.950 3,134,224 2,642,000
CinN OiTPac. 2d wk Dec 115,219
ClCinChA «tb.| October .. 1,848.517 1,707,510 7,675,186 6,858,666
262,016 245,127 1.044,684
920.720
Peoria (teKast'jil October...
Coloraao & Soutli 2d wk Dec 114,844 118,655 3,004,806 2,808,615
2:i,497
ColNewh ifc Lau. October...
75,837
61,375
19,318
49,275
198,502
120,321
Copper Ranee.... Ootoner...
37,937
32.442
33,631
Cornwall
5,7 12
7,660
October...
17.304
00,825
93,137
Corn wall jj Lieb Oitober...
20,190
554,77i
Cumberl'ii Valle.\ November. 177,724 110,308
948,248
Denv. <fe Kio Cir. \
Kio (ir. West. > 2d wk Deo 271,600 337,000 8,263,268 8,447,658
80,811
72,443
327,233
273,967
Det <fe Mackinac. October...
684,700
24,201
29,901
784,276
Detroit Southern. 2d wk Dec
45,222
40,346 1,278,178 1,311,723
DulSoah&Ata.. 2d wk Dec
Erie
October... 3,835,611 3,818,152 16,044.307 14,170,340
6,868
8,547
170,046
170,167
£vansv & iuiUuii 3d wk Nov
814,310
29,144
32,453
866,775
Evanav it T H. .. 2d wk Dec
2,103
4,852
13,075
i'rchiia&NVe'u October...
9,614
7,323
7,007
26,938
27,860
Farmv & Powhat Ooober...
922,52a
FtW&UenvCity October... 285,800 242,790 1,037,795
269,026 240,714
781,005
822,458
Geori,'ia RR
Octoher...
624.227
602,276
Ga South ift Fla.. November. 1 29,009 140,248
o5,843
24,362
134,555
08,211
Gila ValG A; N.. October...
Gr Trunk System 2d wk Dfc 640.141 600,598 17,115,608 1.5.097.778
91,495 2,522,800 2.067,338
85,534
Gr Tr. West" II. Ist wk Dec
21.899
22,337
603,031
558,352
Det Gr U & M. Ist wk Dec
4,047,390
Northern.
4,116,780
19,880,506 19,568,163
Great
November
Montana Cent'l November. 131,306 161.106
873,316
837,773
Total .system. November. 4,179.205 4,277.886 20,762. 82'.i 20,405.936
37.622
Gulf&ShipIslanJ 2.1 wk Dec
32,914
868,628
774,550
Hooking Valley.. 2(1 wk Dec
97,346
94,456 2,980,299 2.765,501
Hous & Tex Cent Jctuber... 593,327 600,213 1,924,964 1,028.307
203,058
W.Texas. Oclober. ..
83.754
93,330
277,146
20,249
25,326
66,448
82.610
Hou8«feShrevep't October...
lUluoia Central.. November. 4,103,151 3,741,380 20,257,752 18,260,883
Illinois Southern November
13,931
20,383
84,548
67.600
5 38,105
144,789
401,973
540,023
Iowa... October.
Int (k Gt North'ii 2(1 wk Dec 124,015 118,867 2,859,270 2.661,088
92,010 2,358.100 2,175,060
JLut€roc(Mex)... vvk Dec, .5. 104,400
44.144
43,64-J 1,115,380 1,140,053
Iowa Central
iA wk Dec
Kauawha <t .Mich 2d wk Dec
20,598
22,311
781,128
455,215
Kan City South'n October.
569,417 573,451 2.103,450 2,003,055
4
06,510
391,821
LakeKrie&Westu November.
2,332,101 2,047,008
LrehU'h Val RR.. October.
2,557,103 1,760.601 10,744,602 5.015,762
60,bl0
46,444
192,359
LiexluK & Eaat'n. October...
246,603
lii^.
live. 20/ ,246
ix>ng Island
,933
October...
52,000
Louisiana & Ark. October ..
42,762
212,761
164,311
liOu Hend&Sti... July
72,303
68.815
68,815
72,303
Louis V J: Nashv. 2q wk Dec 734,205 693,400 17,144,542 15,866,062
Macon & Birm. November,
12,244
13,088
60,448
67,994
veniber.
N.>
& No
.ManlM
neuiber
20(!.74
.Maui.stuiUd
117.10
Mary I'd
PM
.
H&E
Indm&
.
.
Month
it
October..
East Octobor. ..
.Voveinbor,
Penn.. Xovember,
t.Jexioau Cent'l. 2d wk Dec
Mexican litem. October...
Wk Deo 5.
J Mexican Ry
loo, 30
J
MexlcauSo uih' c Ist wk Dto
is, So'w'n.
November.
Mineral Kanse.. 2d wk Dec
JUnueap it St L. 2d wk Deo
M8t P<& S St M. 2d wk Deo
Mo Kan <te Texas 2d wk i>ec
Mo Paca^IronMi 3d wk Deo
central Branch 3d wk Dec
3d wk Dec
Total
Mob Jack it K C. WaDeo 12
;
.Millen
I
MobUeit Ohio... 2d wk Dec
NashCh&Sti.,.. 2d wk Deo
tNaflRRof Mex 2d WK Dec
Nev-Cal-Oregon November.
Nevada Central. October...
N Y C & Hud Riv November.
N y One <& West. Ootobor...
N Y Susq & We.st October
Norfolk it West' 1st wk Deo
.
.
J^'aminyx
VurreiU
Year
J
J'ri'vioaA
Year
a
5,098
Man'tee&Gr.Ra
/iiuv
Vu'kfb Sj
WeeK
(J^ross
32,372
5.185
24.191
466,542
549,428
02,100
10,050
4.646
10.335
68,600
138,887
352,764
601,000
30.000
721.000
••i.lOl
137,457
180.025
102,203
16,887
3,612
6.600,886
403,484
142,373
362,330
880,707
4,548,847
52,280
10.637
550,720
.
.
.
.'.
.
H
.
&N W
W
V
1
(0
Ourreiu
i ear
12,213
31.530
130,451
27.726
34.503
4, / 03
147.510
23,651
431,132 11.230,010
58J1.358 2,168,88
98,200 2,308.000
17,884
455.479
22.278
3,996
8,967
264,588
64,085 1.470,315
114.,234 3.780,768
324.376 8,701,836
641.000 50,571,003
20,000
870,000
661,000 21,441,003
4,896
178.078
123,112 3,505.880
188,491 4.511.030
102,471 4,835,734
16.336
08,083
4,670
13,63j
6,427,077 34,765,804
384,140 2,460,371
131.581
840,003
352.064 9,860,021
768.007 3.611.077
4,370,400 22,731,504
41,102
247,712
17,277
77,869
Northern Central October...
North'u Paoltic. November.
Nor Shore (Cal) .. October...
Ohio Biv& West.. October...
.504.874
Pacilio Coast Co. October...
ePenn— EaatP&E October... 10725575 10546075
luc. 40 1,000
eWeatP & E... October. ..
Pers Marquette w 3d wk Deo 100.034 206,784
October...
PhilaBalt&W'sh
1,180,181 1,144,881
October...
Phlla it Erie
748.544 615,583
Uotoi>er...
3.288
Pine Blf Ark R
3,325
Pittsb C C & St L November. 1,979.725 1,820,562
4.128
Raleif^h <& O Pear November.
Readin.n Railway uctooar... 2,990,804 2,244,542
October... 2,421.5'.i8 516,996
Coal it Ir Co
Total Both Cos October... 5,412,332 2,761,538
110,754
Rich Fr'ksb & P October...
06,333
56,143
Rio Grande J ct October...
50,388
10,182
Rio Grande So... 2d wk Deo
7,805
Rook Isl'dSyst'm September 4,390,597 4,027,525
October...
131,523 130,016
St.l08&Grl
St L & San Fran g October... 3,357,892 3,037,104
2d wk Dec 166,»07 148,302
St Jj Southwest
StLVau&TH.. jxovoiuber 100,045 186,016
103,550 110,102
San Fran &NP.. November
Seaboard Air X... 2d wk Dec 252,578 240,187
No member. 115,473
76.765
Southern Ind
.So Pacilio Co ft... October... 8,013,845 8.270,211
Central Pacific. October... 2,219,660 1,982,945
Gal Har it S A. October... 600,672 613,261
Gal Hous ite No October... 135,767 122,178
18,250
15,689
GuirWT&P.. Jctober...
181,156 166,037
Louis' a West... October...
Morgan's L. & T October... 4.50,076 414,202
56,015
41,880
N Y T & Mex October...
Oregon & Calil. JotJber... 304,703 352,846
117,422
37,978
So Pac Coast.... October...
So Pac BKCo.. Octobbr... 2,076,806 2,788,578
October...
552,645
So PaoSS.Ltaes
Ootoner...
344,580 287,901
Tex&NOrl
Southern Rallw'y 2d wk Deo 870,459 811,745
Terre
& Ind ... November 164,957 151,168
43,319
45,440
Terre H & Peor.. November
20,541
12,592
Texas Central . 2d wk Deo
Texas & Pacitic. 2d wk Dec 264,417 251,436
18,000
16,000
TexS V
.. November.
16.277
16,600
Tift Thorn & Gulf. September
62,312
55,305
Tol & Ohio Cent 3d wk Dec
Tol
23,018
25,274
West .... 2d vVk Dec
2tl wk Deo
57.257
59,307
TolStL&
13.082
10,820
Tor Ham <te Butt. 4thwkNov
Un Pac System .. October... 5,675,576 4.882,850
52,557
65.650
Virginia & So W'n October...
3d wk Dec 422.637 401,072
Wabash
October...
280.130
267,830
Jersey it Sea'e
67,605
3d wk Dec
66.107
Wheel &
16,427
14.883
Wm'sport&N.Br. September
Wisconsin Cent.. 3il wk Deo 108,000 105.151
IB.OIO
10,002
Wrightsvife T'n.. October...
Yazoo & Miss. V. November. 820,162 786,291
P&
II
W
LE
2.21(5, .526
43,443,01?
y-/t(;.2.10
Latest
Date
I^reotov.s
Year
43,940
114,815
46,547
136.496
9,678.356
2.188.443
2.227,200
409,755
20.532
252,768
1.753,494
3,732,695
8,522.(:52
18,363,772
570,100
18,942.872
102,130
3,251,545
4,174,727
4,367.552
07,764
14.632
32.702,996
1,480.270
500.869
8,712.369
2,784,177
22,050,903
214,364
68,534
2,056,952
40,248,218
0.800
5,283,928
4,434,976
2.222.759
10,012
9,768,609
5,679,550
4,759,676
2,087,158
10,330
10,846,820
23.210
12,117,226 8,097,357
10,410,088 1,170,822
22,536,314 0,268.1.79
452,731
369,932
219,206
226,058
216.076
283,548
12,741.630 11.535.539
487,966
416,594
12,632,768 10.765. iSOO
3,626,825 3,489,513
1,073,875
901,148
625,726
660.333
5.824.204 5,053,345
560.405
373.745
32,753,007 30.065.005
8,461.002 7.855,107
2,314,948 2,198,741
516,626
359,433
60,0Z4
67,115
672,068
643.056
1,507,542 1.507.596
168,324
161.790
1,522,929 1,364.833
454,470
385,306
ll,'.i41.460 9,916,382
1,785,104
1,321,517 1 ,007,061
20,823.934 10,401,582
700,227
919,170
269,522
250,512
208,171
373,836
5.562,104 3,221.970
68,584
07,300
50,092
46,994
1,888,704 1,503,058
55-^522
596.354
1,524,545 1,420,015
ii55,126
191,614
19,982,250 17,803,829
252,801
204.834
11,630,722 10,302,814
2,046,760 1,866.669
2,223,345 1,088.313
52,167
52,050
3,276,346 3,229,937
56,506
61,268
3,197,385 3,059.689
.
VAK801J!>> FB.'SCAL
EG ADS
Gross
Allegheny Valley
Jan.
Atlanta <& Charl Air Line.. Apr.
Bellefoute Central
Canadian Northern.
Laminys
Current Year J^evious Year
1 to
Oct 31
Inc.
1 to
Sept 30
Nov. 30
$1,597,188
68,300
2,705,225
20,&00.636
9,008,583
1,833,052
5,306,405
4.7»0,236
310,483
64,180
250,129
40,101,487
1,463.000
41,564,487
23,786,221
5,880,431
Jan. 1 to
Jan. 1 to Deo.
7
Chicago & North Western. June 1 to Nov. 30
Chic St P Minn <fe Omaha.. Jan. 1 to Oct. 31
Cumberland Valley
Jan. 1 to Nov. 30
International ifeGtNorth'n Jan. 1
Lake Erie & Western
Jan. 1
Maui.st<;e & North Eastern Jan. I
Maujsti/jue
Jan. 1
Maryland
&
Pennsylvania Mar.
Ml.ssouri Pacitic
Central Branch
Total
^Mexican Central t
Mexican International
Jan.
Jan.
Jan.
Jan.
Jan.
&
1
1
1
1
1
i
to
to
to
to
to
to
to
to
to
to
Dec.
1
Nov. 30
Oct 31
Nov. 30
Nov. 30
Dec.
Dec.
Dec.
Dec.
21
21
21
14
Oct. 31
$730,820
J
VKAiiS.
KG ADS
Gross Earnings
Mexican Railway
1,473.712 {Mexican Southern
53,726 '.National RR of Mexico...
1,670,311 Northern Central
25,723.403 North Shore
9,853,538 ePcnnsy., East of P & E...
1,112,648
eWestof
4.932.359 Pere Marquette
w
4.285,865 Phila Baltimore & Wash..
287,051 Philadelphia & Erie
97,802 Pitts Ciu Chic & St Louis..
226,545 Rio Grande Junction
.
35,102,025 St L Vandalia & Terre
1,049.100 Terre Haute & Indianap
36,151,125 Terre Haute & Peoria
19,924,026 Texas & Pacilic
5,299.157 West Jersey & Seashore.
P&E
H
.
.
Jan. 1 to Deo.
Ai)r. 1 to Deo.
Jan. 1 to Dec.
Jan. 1 to Oct
Mar. 1 to Oct.
Jan. 1 to Oct
Jan. 1 to Oct
Jan. 1 to Deo.
Nov.
1 to
Oct
Jan. 1 to Oct
Jan. 1 to Nov.
Dec. 1 to Oct
Nov. 1 to Nov. 30
Nov. 1 to Nov. 30
Nov. 1 to Nov. 30
Jan. 1 to Dec. 14
Jan. 1 to
Oct 31
Current Year l^evious Year
$5,036,400
707,4:^8
10,583,115
8,651,171
400,715
103,508.104;
Inc.
11,062,232
13,494.040
6,595.162
22,727.666
542,741
199,045
164.957
43.319
11.147,634
3,771.521
$4,687,700
665.749
8,654,485
6,876.771
407.729
93,668,094
5,323.300
10.213.530
12,230,749
5,241,180
20,607,983
527,692
186,916
151,168
45,440
10,440,343
3,444,421
Includes traus-Misao urt lines
Mexican Gulf are included from March », 1m02.
j Mexican currency.
In 1903, making length of road on which earnings are reported 7,357 In 1903, against 5.876 miles in 1902.
b Includes the Houst. <fe
Tex. Cent, anil its 8iii)siil. line.s In both years and for both i)eriod8.
(/Includes the (;hicago <fc Eastern
e Covers lines directly onerated.
«« InIllinois in both years.
nricluding Sav. Flor. & West and also Florida Southern and Sanfordit at Petersburg Rys. in both years.
cludes Lake Erie & Det Riv. Ry. from Jan. 1 both years.
zincludes earuin.fs of Valley RR. of Va., Ohio <&
'Approximate for June.
Uitle Kaniwha, Clev. Term, & Vai., Clev. Lor. & Wheeling, Kavenswood Bpenoer & G. and Ripley <& Mill Creek, not wholly owned, but
coDtrolled and operated by the B. &, O.
t
Kesult.i
on .Monterey
1|
i
1
Dec.
.
.
..
..
,
THE CHRONICLE.
26, 1903.
2385
4TKEKT KAILWAVH AMD TBACTION COMPANllStt.
Latest Gross Earning'S by Weeks.— For the second week
Dduember our final statement ooyers 48 roads, and shows
6*11 per oent Increase in the aggregate over the same week
of
Latest Brass JCamingt.
Gboss
Eaahikos.
Week or Mo
last year.
2d week of December.
1903.
Prevlonaly reo'd i22r'd«^
Alabama Gt. Southern ..
Oentral of Oeoricla
1903.
S
9
4,530.171
56.260
4,303,731
43.614
177,990
3,26S
141.252
83,76,
31,912
93.950
118,655
39.901
40,346
303,130
2.340
145,631
84.936
25,6:8
115.219
114,S44
24.201
45,222
Cli»tt»nooica .soatnem...
Ohio. Wreat Western
Ohio. iDd'pUs & LoolBV..
Ohio. Term. Transfer
Oln. N. O. A Texas Pao..
Colorado & aouthern....
DcQath So. Shore & Atl..
Qr'nd Trunk of Canada i
Grand Trunk West >
Det. Or. Hav. A. Mllw. ;
Golf A Ship Island
640,141
609,598
37.622
734,205
46ti,542
32,914
693,400
431.132
L.& Weat
10,335
138,887
8,104
137.457
7,805
262,578
870,459
20.541
23,918
67.257
114,234
4,896
128.112
10.182
240,187
811.745
12,592
25,274
59.397
Total (48 roads)
8,754,076
8,250,136
.
Net
incrfiH-f
(811
9
76,642
8.967
p. o.)..
"3,81 i
6,700
Chicago
Oln.
Oln.
&
Mil. Eleo.
—
Light
A Traction.
A Light
.
Oleve. A Bo. W. ir.Co.
Oleve. Pains V. A E.
Col. Buckeye Lake A
Newark Elec. Ky..
Dan. Urb. A Champ..
80.543
4.708
40,715
35,410
1,368
24,633
3.208
14,345
2,377
1.366
2,140
97,350
—
$
1 to Dea 31.... 20.242,600
July 1 to Deo. 31....41,240,845
Pitts. O.C.& St. L.aNov. 1.979,725
Jan. 1 to Nov. 30.. ..22,727,666
Pocahontas Collier lea
Company
Nov.
JaiL 1 to Nov. 3o
Balelgh & 0. Pear.a.Nov.
4,128
July 1 to Nov. 30 ..
23.210
Bloh. Pred. & Pot..Oct
110,754
July 1 to Oct 31...
452,731
BlO Grande Jnnot.. Oct
56,143
Deo. 1 to Oct 31....
542,741
rexa8Central.a....Nov.
104,152
July 1 to Nov. 3 U
331,022
Wheel. *L. Erie. b. Nov.
857,764
July Ito Nov. 30.... 2,008,018
Oct
19,480,118 5,685,600 6,676,916
38,905,782 12,540,414 12,870,392
1,829,562
364,180
360.466
20,607,983 5,679,604 5,493,518
31,648
93,202
17,816
158,308
16,328
66,618
87,185
414,027
a Neiearnin<a uereelvenare alter aeduotln«! taxea.
heregiven are before dednotlns taxes.
Interest Charges aad 8arpl«s«— The following roads, In
addition to their gross and net earnings given in the foregoing, also report charges for interest, ftc, with the surplus
above or deficit below those charges.
— Int., Rentals,
etc.
—
Current
Previous
Year.
Year.
-Bal.ofNel Eaiii'gs.—^
Current
Previous
Year.
Roads.
. - .
.
Oent. of N. Jersey.. Nov.
July Ito Nov. 30
Year.
$
12,226
301,824
525,198
113,835
280,472
1,698,741
November
November
Havana
Eleo. Ry.Co. Wk.Dec 20
Honolulu Rapid Tr.
October...
A Land Co
Houghton Co. St. By. September
Houston Elec. St. Ry. October...
Indianap. A Bast Ry. November
Indlanap.Shel by vllle
A Southeastern Tr. November.
Intemat'l Tract. Co.
System (Buffalo)
October...
Interurb.StRy(N.Y.) October...
September
Ithaca Street Ry
Jacksonville Eleo.Co. October...
laXe Shore Eleo. Ry November.
Lake Street Elevated November
Lehigh Traction
November
Lehigh Val. Trao. Co.
September
Street Ry. Dep
Electric Light Dep. September
Lexington Ry
October...
U»ndonSt. Ry.(Can.) November
.
November
November
November
November
Montreal Street Ry.. November.
i^
96.338
369,932
59,388
527,692
67,321
270,713
358,143
1,780,272
November
November.
Detroit United Ry..n 2d wh.Dec.
Duluth-8np. Tract... 2d wk.Dec
East. Ohio Traction.. September
Elgin Aurora A Sotu. November
.
25,618
447,959
1,651
11,102
32,722
137,043
16,843
162,822
46,695
94.982
98.470
616,306
Jan. 1
to Latest
Date
Current Previous
Tear.
Tear.
s
$
30,176
209,011
104,832 94,036 1,244.479 1,051,791
3M.878
dl91,314
16.909 16,975 2lH,213
182,840
18,675
d 148.167
'63,684
5.670 "6,566
70.182
244.279
d934,330
38,704 37,277
471,743
419,263
30,218 14,112
268,161
177,248
46,667 41,747
438,153 386,701
October... 106,095
Dart A WportStRy. November.
121391
58,714
7,949
601,190
503.940
Prev'us
Tear.
97,677 1,011,781
903,259
Cltlzena' Ry.
Baltimore & Annapells
Short Llne.a
13,232
Got.
9,157
4,223
2,985
JtQy 1 to Oct 31 ...
54,493
39,991
17,978
13,156
Oent.ofN.Jersey.a.Nov. 1,801,074 1,828.871
582,296
974,833
July 1 to Nov. ao.... 9,384,785 6,591,318 3,989,933 2,214,069
Oamberlxnd Telephone &
Teleg. Oo
Nov.
314,563
126.061
Cumberland Val.b.Nov.
177,724
110,308
40,368
12,232
Jan. 1 to Nov. 30... 1,833,052 1,112,648
394,833
336,805
Farmv.&Powh't'naOct.
7,323
7,007 def.1,365
555
July 1 to Oct 31
26,938
27,860 def.3.144
1,534
Maryland & Penn.. Nov.
24,191
23,651
5,772
5,904
Mar. 1 to Nov. 30....
2i!6,545
250,129
79,972
67,485
Mlllen<b8onthw.a..Nov.
4,646
3,996
1.034
1,926
July 1 to Nov. ao ...
22,278
20,532
8.317
6,585
N.Y. Cent & Hud. Riv.b— (partly estimated.)
Cumberland Telephone &
Telegraph Co
Nov.
November
Dayton & Tol.Tr. October...
Newp. A Coving.
.
Ifetearnlnii^s
November
it
Week endlnK Deo. 12.
Net £arniBg8 Montbly to Latest Dates.—The table follow,
ing shows the gross and net earnings of Steam rallroadg
reported this week, A full detailed statement, including all
roads from which monthly returns can be obtained, Is given
once a month in these columns, and the latest statement of
this kind will be found in the Chbonicle of Dec. 19,
1903,
The next will appear in the issue of Jan. 23, 19C4.
Mad. (Wis.) Traction.
Met West Side Elev..
Gross Earnings.
Xel Earnings.
MlLEleo.Ry.ALtCo
Current
Previous
Current
Precious
MU.Lt Heat A Xr. Oo.
Tear.
Year.
Year
Year.
b
November
October...
Cent. Penn. Tract.. November
"6.824
D
Roads.
September
Woroenter.. November
Biirllngfn (Vt.)Trao, November
Oal. Gas A Electric. October. ..
Boston
'16,209
"4,876
Albany & Ilndson ...
American K'ys. Oo.|).
Anr. ElKlnAChlo.Ry
Bingham ton Ry
.
U>alByUle <fe NashvlUe..
Mexican Central
Mineral Ranae
....
Minn. St. P. A S, 8te. M.
Hob. Jaoknon A. K.. cntyf
Mobile & Ohio
Bio Qran(lt< SoutUern.y.
SeAboara Air Lane
SDatnern Kallwav
Texaa Central
Toledo Peona A Weat'n
St.
9
303,279
12.646
25,490
75
4,382
1,169
Decrease.
(Muscatine, Iowa).. November.
. .
ToL
Ineruue.
Our'nt
Tear.
449,635
2,291.192 2,073,413
140,656
Maryland & Pfun-.Nov.
2,874
2,874
2,898
3,030
Mar. 1 to Nov. 30
25,874
25,874
64,098
41,611
N. Y. Cent 4 Hud Rlv.— (partly estimated.)
Oct 1 to Deo. 31
5,069,800 5,175,185 *2,O3O,6O0 •1,968.740
July 1 to Deo. 31.... 10, 113,558 10,365,984 *5,124,256 *6,210,314
Pocahontas Collier lea
Company
Nov.
14,371
11,347
Jan. 1 to Nov. 30..^
158.619
389,340
RloGrande Jnnot. ..Oct
7.708
7,708
9,135
10.108
Dea 1 to Oct 31....
84,791
84,791
78.031
73,517
Texas Central
Nov.
2,583
2.583
44,112
13,745
July 1 to Nov. 30....
12,916
12,856
82.0G6
53,762
' After allowing for other income received.
I
d Charges Include sinking f and and preferred dividend.
Muncle Hartford
Ft Wayne
A
November
Musk. Tr. A Light. Oo.
Street Ry. Depan. November.
Eleotrlc Light Dep. November.
Gaa Department... November.
(Jew
London St. Ry
.
Norfolk Ry. A Light
Sor. OhloTr. A Lt Co.
Northern Texas Trao.
Northwestern Kiev..
Oeikland Trans. Cons
Dlean St. Railway...
October...
August
November
November
November
October...
September
Orange Co. Traction. September
Oreg. Wat. Po. A Ry. October...
PhUadelphla Co. and
Affiliated Corpor's. November,
Pottsv. Union Tract November
Pueblo A Suburban
Traot. A Llght'g Co September
Rys Co.Gen.— Roads. October...
7,963
7,976
37,861 427,924
15,791 16,808
,
12,714
57,174
9,251
71.955
10,868
21,676
34,616
{28,062
11,811
43,458
9,18a
128.626 122,894
68,597 4,179.902 3,762,423
10,818
592.460 610,426
21,007 163,214 145,406
33,464 417,796 375,352
1 28,464 11273,544
11073,701
26.136
16,478
36.313
16.871
d54,820
38,686
9,822
d89,898
161,685
d52,396
332.193 296.149 3.335.537 2.850,816
1,968,671 1,919,741 d7,528,783 d7,291,431
64,232
62,430
20,436 17,513 202,291 162,118
46,817 42,539 570067 427,088
Cb4,979 e63,684 O 710,863 C 687,170
10,686
7,583
128,485
88,719
110.640 89,032 678,715 877,678
14,256 12,425
115,666
99,457
30,377 24,964 266,959 226,422
11,664 12,356 157,943 139,662
7,601
5.926
85,499
73,537
171.222 165,433 1,871,874 1,745,884
267,816 237,390 2,756,330 2,477,128
33,566 29.374 390,315 324,821
189,561 172,872 2,087,802 1,921,815
rl02,661
10,621
4,976
5,949 r70,8ll r78,165
3,60i
2,796 r28,12i
r21,132
4,905
4,609 r82.386 r26,657
4,775
4,406
64,279
68,088
68,098
411,138
69,049 68,362 810,623 eso's's's
40,368 30,796 423,224
107,133 100,854 1,128,468 1,056,934
99,624 81,955
937,535 777.672
9,051
5,613
66,873
43,926
11.6S7 10,069
85,335
79,696
23,864 12,904
1,372,610 1,164.617
13,069
16,251
13884608 12419920
180,316
148,974
368.707
22,628 270.789 229,679
1,965
18,749
17,443
90,682 1,162,107 1,005.225
Light Co's
Rochester Railway ..
Kookford Belolt A
November
JanesvlUe
9,788
November 592,769 553,577
it. Louis Transit
Sao Paulo (Brasll)
Tram. L't A Po. Oo. November. 111,300 100,608
Savannah Elect. Oo. October... 43,697 41,004
Ocranton Railway... October... 70.915 66.290
Seattle Electric Co... October... 186,501 173,005
South Side Elevated. November 215,097 124,948
Bprlngfl'dAXenlarr. Wk Doc.20
641
778
Syracuse Rap.Tr.Ry November. 68,3H7 60,429
Tampa Electric Co... October. .. 27,147 20,683
Terre Haute Eleo.Co. October. .. 44,4U9 88,258
Tol. Bowl.Gr. A So. I'r. November. 23,859 22,026
Toledo Rys. A Light. November 140.718 125,936
Toledo A Western.... 'otober.. 17,797 12,748
Wk.Dec 18 45,268 39,287
I'oronto Railway
rwln City Rap. Tran. 2d wk.Dec. 76,892 71,586
Union Trac. of Ind.. November. 95,610 80,901
Union (N. Bedford).. November. 2(5,880 24,939
United of San Fran.. November. 533,667 489,200
Va. Pass. A Power Co October... 124,365:
Wash. Alex. Sc Mt V. September 21,287 17,666
West. Ohio Ry
October... 21,175
yo ungsto wn- Sharon October... 42,255l
.
t
228,175
18,464
13,581
7,700
47,191
26,186
October.
1.943
November 104,563
I
89,506
80,646
411,749 1376,135
199,009
185,688
122,211
6,683,731 5,894,102
1,182,800 1,015.349
690,492
435,223
1,725,108 1,522,295
1,483,961 1.296,454
53,175
782,537
650,942
1,509,299 1,319,488
d75,0il
2,Oi6,la2 1,710,654
3 858,276 3,421,052
1,012,430
869.295
335.481
306,237
5,682,884 9,023,625
173,330
d94,60b
425,475
155,483
Spanish silver.
Xbeae are restUts for properties owned.
c Results for main line.
Figures here are from July 1.
ni These earnings include the Detroit United By., Detroit A Port
Huron Shore Line and the Sandwich Windsor A Amherstburg Ry.
r These figures are from Mar. 1.
t Figures for 1902 cover only the Clev. Elyrla A Western Ry.Oo.
s For the past six months figures are those of the Harrlsborg Trao-
d
tion Co.
Street Kailwaj Net Earniags.- In the following 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 last Saturday
of the month) we bring together
done to-day.
all
the reads reporting as
is
THE CHRONICLE.
2386
-
Roads.
lb'ny.b Had. RR.a Sept
Jan. 1 to Sept 30
Elgin & Chicago Rv
Oct.
July 1 to Oct SI....
Bia.:bttmton Ry.b..Nov.
Jan. 1 to Nov. £0
BostoD * Worcester. Dot
—
Oi-ogs Earnings.
Current
Prrriotis
Year.
Xeur,
•«
$
Xel learnings.—
Ciirren'
Year.
30.175
209,011
*
12,231
72,690
38,878
191,314
16,909
218.213
21.052
18.675
148,167
18,799
109,156
6.971
100.558
10.016
6,948
80,703
Mouth
Nov
ot
to Nov. 30
Calil' rila Gas & Electric Corp. a
Oct
July 1 to Oct ol ...
Jiily
1
a Central Pennsylvania
Traction Co
Nov.
15,97.s
244,279
934,330
Year,
6.840
80,332
96,136
364,205
38,704
471,743
30,218
268,161
37,277
419,268
14.118
177,248
4,714
134,646
19,592
179,853
14.264
167,965
7,723
104,464
Cincinnati Dayton * Toledo Traction, b... Oct
June 1 to Oct 31
Jan. 1 to Oct 31....
•Oln. Newp.JtCov.Llclil
46,667
251,328
438,153
41,747
226.248
386,701
22,421
127,497
198,499
19,099
112,394
Triiotlon.n
Oct
Jan. 1 to Oct 31
Oev.Painesv.* K...Nov.
Jan. 1 to Nov. 3o
Hoads.
$
Jan. 1 10 Nov. 3u
Ohio. A MUw. Eleo Nov.
Jan. I to Nov. 30
*
/
l^eHoiU
Aurt>ra
192,840
[Vol. lxxvii.
106.095
1,011,781
15,791
199,009
97,677
903,259
16,808
185,683
45,430
429,910
4,519
82,033
47,173
402,26i
5,423
79.480
37,861
411,749
27,924
276,135
14,952
169,227
11.421
122,169
20,257
15,350
12,714
13.161
12,618
11,811
9.627
5,539
3,807
6,981
3,674
4,214
—
—Current
Orosx Ka
rrerious
riiiiigs.
-,
Xet -L'arninc/s.
Cnrren
t
1 ear.
$
*
41,004
474,638
56,290
435,223
173.005
1,822,295
60,429
304,329
650,942
20,633
226,681
38,258
318,845
17,433
206,931
32,153
302,995
47,884
496,541
29,442
164,906
317,565
11,524
130.681
16,274
156,150
17,025
197,970
19.963
111,563
55,946
462,872
28,034
138,066
288.700
8,545
93,194
16,247
56,442
t7,593
2.971,411
65.608
728,110
187,195
1,809.151
9,520
70,119
656,694
164,091
1,639,866
Year.
Syracuse Rap. Tr.bNov.
68.387
July 1 to Nov. 30
350,995
Jan. 1 to Nov. 30
732,537
Tampa Elect Co. Oct
27.147
Nov. 1 to Oct 81....
295.825
Terre Haute Elect.. Oct
44.409
Nov. 1 to Oct 30
456.534
Toledo Bowling Green
A Bouth'n Tract.. Nov.
23,859
22,026
Toledo Rys. A L'ht.aNov.
140.718
125.938
Jan. 1 to Nov. so
1,509.294 1,319,483
Twin City Rap. Tr. bOct
348,646
304,316
Jan. 1 to Oct 31.... 3,369,489
VirgiDia Passenger
&
Oct
124 355
Western Ohio Ry...Oct
21,175
94.608
45,203
11.315
52.067
42,255
425,475
16,325
173.232
Joly
Oct
to
1
31....
Youngstown-Sharon Ry.
A Lt. Co.a
Oct.
Jan. 1 to Oct. 31....
s
Previous
Year.
Savannah EleotrtcOct
43.697
Nov. 1 to Oct 31
513.207
Soranton Ry. Co
Oct
70,915
Jan- 1 to Oct 31....
690,492
Seattle Electric Co. Oct
186,601
Jan. 1 to Oct 31
1.725,108
Power Co
-
Year.
X
Cleveland bouthweei'n
Traction Co
Nov.
Jan. 1 to Nov. So...
Columbus uoheye L. &
Newark.Eleot Ry.Sept
•
Month
Month
Oct
Nov
of
ot
Dan vl lie Ur bana A ChamNov.
palKU.a
57,174
Detroit United By.ii (all
pr< pertlee)
Nov.
345.100
Jan. 1 to Nov. 30
4,033,417
O^uth-^ap. rrao.bOct
53,632
Jan. 1 to Oct 3 1 ...
518.893
East. Ohio Tract. a Sept
21,676
Jan. 1 to Sept 3(> ..
153,214
Elgin Anro. ASo.b Nov.
34,615
Jan. 1 to Nov. 3o
417.796
July 1 to Nov. 30..
206,678
HonolulQ Bapid Transit
^L^nd
26,136
Oct
Jan. 1 to Oct 81....
228,175
•
.
HOQjfhton County St. Ry.
(Hancoct. Mich.) Sept
July 1 to Sept 3o
Oct lio 8«pt30 ...
HouHton Elect. Co.. Oct
Nov. 1 to Oct 31 ..
Ind'p'Us A Kaot. Ry.Nov.
July 1 to Nov. 3o ...
lodlanapolia SbelbyviUe
16.478
54.820
1S5,001
36,313
42b,696
16,871
89,898
43,458
25,638
22,863
327,730
140.473
1,647.072
24,622
1,563,418
3,623,151
40,587
442,845
21.007
145,406
33,464
375,352
188,897
8,777
56,084
12,318
176,053
89,790
20,333
209,597
10,199
64,233
13.043
158,698
85,067
18.464
151,585
13,017
105,500
8,369
65,680
13,581
52,396
170,302
33,686
346,259
9,822
7,102
25,262
63,857
10,709
155,135
10.201
48,950
4.754
22,779
65,055
16,225
148,377
6,910
A
S jatheaat. Tr. Nov.
7,700
International Tract Co.
8y8tem(Batralo) b.Oot
332,193
Jan. 1 to Oct 31 .. 3,335,637
Jaoksonv. Eleo. Co. Oct
20,436
Jan, 1 to Oct 81....
202,391
lAtce ah. Eleo. Ky.aNov.
46.817
Jan. 1 to Nov. 30 ...
570,067
Li«hlgh Tr actio ri... Nov.
10,686
Jan. 1 to Nov. So
128,485
Lex'n(?ton Ky b...Oct
30.377
Jan.
May
to
1 to
1
Jan.
1
Ry. A
Nov.
257,816
237,390
30
2,756,330 2,477,12s
131,233
1,363,377
131.512
1.309,842
16.630
195,395
72,9£2
857.101
168,844
12,874
141,189
69,244
873,400
154,231
.
.
of Nov
to Nov. 30
Madison Traction.. Nov.
3u....
Milwaukee Light, Heat A
Traction Co b . . Nov.
.
.
Jan. 1 to Nov. 3o
2ti6,q59
188.260
13.772
11.684
157,943
7,601
85,499
33,566
390,315
Ry .. Nov.
1S9..561
8,Orl7,302
Jan. 1 to Nov. 30
Oct 1 to Nov. 30....
396,162
Montreal
St.
.
Mnncie Hartford
W«vne
A
134,110
1,305,938
4.936
49,996
11,558
142,631
def.1,333
29.909
11,904
95.753
76,773
4,237
5,148
54,234
678
28,187
Port
Nov
Map. 1 to Nov. 30....
New London St. Ry.Oct
Jan. 1 to
29,374
324.821
172.872
1.921.al5
364,278
Oct 31
North. OhioTrac.&Llfrht
Oo.a
Nov.
Jan. 1 to Nov. 30 ..
North. Tex. Tract. tNov.
Jan. 1 to Nov. 30
Oakl'd TrauB.Con. bOot
Jan. 1 to Oct 31
Olean 8t Ry. Co ...Sept
Jan. 1 u> Sept 3o
OranKe Co. Tract... Sept
Jan. 1 to Sept 30
July 1 to Sept 30...
OreKou Water Power A
Ry.
Oct
10,621
102,661
4,775
6i,279
60,049
810,t>2i
40,358
423,224
99,624
937,535
9.051
66,373
l;,687
85,385
40,914
Oct
31...
111,300
1,182,800
"
luteresi ijnargres and Snrplas.— The following Stbbrv
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &0i, with the
• arplus or deficit above or below those ohargeSi
4,406
63,088
63.362
680.888
30,796
81,955
777,672
5,512
43,926
10,069
79,696
37,385
587
def.187
17,400
21,667
31,028
369,838
15,880
193,119
28.690
306,745
14.736
49,7.56
36.611
317,617
3,187
20,634
5,062
34,529
21.108
458,716
.5,168
35.867
4,104
2«,852
18,118
Roads.
100,608
1,015,349
80.000
826,000
Gas
California
tric
&
Corp
July 1 to Oct
Cincinnati Dayton A Toledo Traction
Oct.
June 1 to Oct 31
Jan. 1 to Oct 31...,
Oln. Newp. & Cov. Light
Oct
Traction
Jan. 1 to Oct 31....
Detroit United Ry. n (all
properties)
Nov.
Jan. 1 to Nov. 30
Dulnth-Snp. Tract.. Oct
Jan. 1 to Oct 31
Elgin Aurora & So. Nov.
Jan. 1 to Nov. 8u
July Ito Nov. 30....
Honolulu Bapid Transit
A Land
Jan.
1
Oct
Oct 31 ..
to
46,213
475,110
238,065
67.920
634,896
Year,
Year.
$
$
,
of Net Earti'gs.—,
Current
Previous
r-Hal.
Year.
Year.
ElecOct.
31....
64,816
261,163
31.820
103,042
15,931
80.222
160,034
16,512
81.752
6,490
47,275
38.465
2,587
30,642
20,916
224,039
21,022
210,658
24,514
205,871
26.160
191.605
84.007
912,890
16,838
154,923
9,172
94,182
45.862
81,109
866,306
14,590
J 48,409
9.049
93,814
45.247
*59,209
*769,571
8,784
77.919
3,146
81.871
43,928
*58,280
•785.951
5.748
63,188
3.994
64.884
89,810
4.089
37.193
2,582
2)2,952
8,928
68,307
5,787
42,728
3,250
15.552
28,760
2,628
74,197
6.035
30,200
2.150
14.967
33.424
8.976
Houghton County St. Ry.
(Hancock, Mich.). Sept
July Ito Sept 3u
Oct 1 to Sept 30....
Houston Elect. f)o..Oot
Nov. 1 to Oct 31....
Ind'p'Us AEast.By Nov.
July 1 to Nov. 30
International Tract. Co.
System (Buftalo)..Oct
Jan- Ito Oct 31 ...
Jaoksonv. Eleo. Co. Oct.
Lake Shore Elect. Nov.
Jan. Ito Nov. 3o
Lexington By
Oct
1
Month
Nov
of
to Nov. 30
Milwaukee Eleo. Ky. A
Light Co....
...Nov.
Jan. 1 to Nov. 30...
Milwaukee Light, Heat
Jan.
1
Traction Co
4,243
—
Renlah; etc.
Current
Previous
—Int.,
to Oct. .^i
May to 1 Oct 31 ..
L0Brt.8t.Ry. (Can.).. Oct
8ao Paulo (Brazil) TramJan. 1 to
of that company.
for 1902 cover only the Clev. Elyrla A Western Ry.
Resalta for 1902 are for Oloclnnati Newi/ort db Covington Ry.
t Taxes are inolnded in operating expenses In 1903, but not in 1902.
Some expenditures for Improvement were also made In November,
1903, and included In operating expenses.
X Flijures
Jan.
5,098
53,091
23,864
12,904
13,801
Philadelphia Companv— See detailed statement below.
Rochester Ry. Co.bNov.
104.563
90,682
50,716
Jan. I to Nov. bo
1,152.107 1,005.225
866.190
July 1 to Nov. 30....
550,771
477,805
272,738
Roekford Beloit^b JanesvlLe
Nov.
9,788
4,450
Jan. 1 to Nov. 30
122,211
60.828
way L't A Pow.Co Oct
months are the earnings
A
2,578
183.482
1.529.9^2
5,334
66,427
13,086
209.611
3.944
57,576
13,936
108,230
82,868
5.116
3,466
57,344
2,942
34,436
Oct 31...,
Oct 81
Jan. 1 to Nov.
Mllwatikee Eieo.
LlKht Cc.b
Jan. 1 to Nov.
232,842
296,449
2,850,316
17,513
162,118
42,539
427.088
7,583
88,719
24,964
22«,422
163,294
11,645
12,38«
189,662
5,926
73.S27
Lon.i.Bo.Ry.C <*o.)aOot
Month
135,237
a Net earnings here given are after deducting taxes.
bN«THaruln?«lierrtirWen rtre onforci deduotlnsr taxe«.
n These earnings include the Detroit United Ry., Detroit A Port
Haron Shore Line and the Sandwich Windsor A Amhersthure Ry.
8 Formerly the Harrlsbnrg Traction Co. The flgures for the tlrst Blx
9*.
2,604
7.812
31,631
6.250
2.080
3,830
134,613
130.158
*3,668
•8,925
,801,280
3,100
1,260,027
2,875
9,375
*233,436
2,234
50,881
20,370
220.373
5,412
53.402
32.473
2,289
2,385
24,546
72,805
796,308
43,584
26,444
1,911
1,850
24,044
8,523
54,828
49,885
2.827
1.081
32.798
2,061
2,183
39,406
7,588
52,169
50,329
2,326
3,298
80,190
67,663
732.287
*59,840
*579,915
•65,474
•694,232
9.«!04
*1,667
*41.168
85.049
648.721
132,019
•3,077
•38,467
53,167
675,803
122,162
8.273
124,471
6,207
91,234
25,445
*25,177
*288.404
'145,438
11,673
118,661
11,261
103,126
4,321
def.7.284
df.10,762
A
Nov.
Jan. 1 to Nov. 80...
Montreal
3,852
9.710
36.097
8,081
80,938
4,167
18,750
Ry....Nov.
Jan, 1 to Nov. 30
Oct 1 to Nov. 30....
Northern Ohio Traction
Nov.
ALlKht Co
Jan. 1 to Nov. 30 ..
North. Texas Tract Nov.
Jan. 1 to Nov. 30
Oakl'd Trans. Cons. Oct
Rochester Ry. Co... Nov.
Jan. 1 to Nov. 30....
July 1 to Nov. 30....
Rockford Belolt A JanesNov.
vlUe
Jan. 1 to Nov. 30
Savannah Electric. Oct
Nov. Ito Oct 31....
14,863
164,256
17.903
208.380
3cl,825
22,755
244,867
9,673
101,885
24,311
25,914
282,464
129,427
2.708
28.124
10.449
117.587
102.731
16,077
197,697
32,069
17,017
187.084
474
21,865
24,827
273,023
124,416
9.583
1,742
32,704
6,984
89,344
14,74*
•22,478
•207,548
•116,419
7,442
r
i
—
—
.
Dec.
«
THE CHRONICLE.
20, 1903.]
of yet luirn'gs.—^
Vrevious
Tear.
Tear.
—Int., lieu
Eoads.
Oct
Soranton Ry. Oo
Jan. 1 to Oct 31....
rrevioits
Tear.
Tear.
Current
Elect. Oo... Oct
Nov. 1 to Oct 31....
Terre Haute Elect.. Oct
Nov. 1 to Oot 31....
Toledo Bys. &Lt....Nov.
Jan. 1 to Nov. 30....
Twin Olty Rap. Tr...Oot
Jan. 1 to Oot 31
Western Ohio Ry...Oct
July 1 to Oct 81....
12,367
877
105,137 ydf.79,296
24.978
33.578
243,115
255,888
9,008
9,188
53.447
42.940
6.660
9.477
71,227
106,861
9.626
7.875
73,909 deM8,607
24,(597
31.380
236,314
279,203
108,751
86,358
1,026,076
873,899
19,086
190,858
22,373
219,767
19,025
95,125
1,885
21,967
19,786
197,858
22,906
241,153
20,254
101,459
2.047
24.317
8,399
82,241
40,811
448,907
t78.444
t784,076
10.600
42,471
Syracuse Rapid Tr.Nov.
July 1 to Nov. 30
6,fl21
75,049
38.739
480,280
t77.733
t765,967
715
After allowing for other Inoome received.
Fixed oharKes Include dividend on preferred stock.
n These earnings Include the Detroit United Ry., Detroit <fe Port
Huron Shore Line and the Sandwich Windsor & Amhersthurg Ry.
y Deficit for 1902 due to strike.
1
Philadelphia Company and
.
.
1902.
1903.
$
1,272.610
Gross earnings
Operafgeip'sandtaxes. 792,429
1903.
1902.
$
$
$
13,884,508 12.419,920
8,129,318 7,098,306
1,164.647
673.246
5,765.190
380,341
491,401
24.287
Het earns. from oper'ns 480,181
25,475
Totearns.* Inoome... 505,656
5,321,614
451,771
Fixed charges*
336,685
515,688
311,374
6,135.531
3,536,821
6.773,385
3,387,296
Remainder
Accrued dlvld'd on pref
169,071
204,314
2,598,710
2,386,090
23,937
23,937
263,293
264,169
145,184
180,377
2.336,417
2,121,921
stock of affiliated COS..
252
196
2,727
2,668
Available for Phila. Co..
144,882
180,181
2,332,690
2,119,263
Net surplus
Dae owners
of
common
' Fixed charges include rentals of leased companies. Interest on
funded debt of above companies, and accrued dividends on preferred
stocks of atllilated companies held by otbers than Philadelphia Co.
ANNUAL REPORTS.
Annual Beports. — All annual
reports of steam railroads,
and miscellaneous companies which have been
published during the last half of 1903 may be found by reference to the general index on other pages of today's ChboniCLE, the annual reports being indicated in this index by
heavy-faced type.
Lake Shore & Michigan Soathern Railway.
f Preliminary satement for year ending Dec. SI, 1903. J
two mouths
in
:
1908.
1902.
$
Gross earnings
34,612,000
Operat. exp. &taxes.23,245,000
$
1901.
1900.
$
80,449,292
19,220,276
$
29,272,675
19.613,167
26.466,514
16,595,876
Net earnings
11,867,000 11,229.016
Construot'nA add'ns 4,395.000
2,768,788
9,659.608
597,063
9,870,638
711,918
Other income;
Netlneome
Fixed charges
6,972,000
2,330,000
8,460.228
1,668,565
9,062,445
1,829,290
9,158,719
749,621
9,303,000
4,840,000
10,128,793
8,393,270
10,391,736
3,236,611
9,908,340
3,249,909
Balance for stock 4,462,000
6,735,623
7,155,125
6,658,431
(7i<)3,709,&87 (7)3,462,656 (7)3.462,655 (7)3,462,658
Dividends
Surplus
77, p. 2280, 2098.
752,013
3,272,868
3,692,470
—V.
Michigan Central
3,196,776
BB.— Canada
Soathern By.
Preliminary
statement
the
year
ending
for
Dee. 31, 1903.
f
The approximate statemen': for the year compares as below:
HICHIOAN CENTBAJi BB.
1908.
1902.
1901.
1900.
Gross earnings
i22,230,000 $19,045,083 $18,490,274 $16,730,131
OperatlCij expenses 18,489,000 15.467,505 14,745,964 13.229,490
Net earnings.... $3,741,000
Interest and rental.
2,145,000
$3,577,578 $3,744,310
2,310,778
2,465,514
$3,500,641
2,404,218
Surplus
$1,596,000
Proportion too. 8..
375,500
$1,366,800
310,167
$1,288,796
375,238
$1,096,423
300,853
$1,220,500 $1,056,633
54,000
54,013
$913,558^
69,739
$795,570
45,094
$1,274,500 $1,110,646
749,520
749,520
$983,297
749,520
$840,664
749.520
$283,777
$91,144
Proportion to M.
Other Income
Net Income
Dividends,
Balance
4%
O.
$524,980
$361,126
declared, pay-
Propor'n of earns.
due Can. South..
$3''5.500
$310,167
$375,238
25,737
1.348
1,833
2,501
§311,410
$377,071
$303,353
(2)300,000 (2ia)378,000
(2)800.000
$401,227
Total net
Dividend deolared(2»fl)375,000
Balance
snr.$25,227 sur.$ll,4l0
$25,726
$50,958
A dividend of IV^ per cent was
1903.— V.
1900.
1901.
$300,852
Other Inoome
Total sur. Deo. 31
RT.
sur.$8,363
Bur.$2,071
$12,246
declared, payable Feb. 1
$14,816
77, p. 1874, 2097.
Lake Erie & Western Railroad.
Preliminary statement for the year ending Dec. 31, 1903. J
The company reports for the year ending Dae. 81 (the
months of November and December being partly estimated
in the current year) as follows
:
$5,199,289
1902.
$4,704,280
$4,533,204
4,031,802
3,551,365
3,389,801
$1,167,437
668,760
$1,152,915
668,760
$1,143,403
668,750
$498,087
473,600
$488,165
473,600
$474,653
473,600
$26,087
$9,565
$1,058
1903.
Gross earnings
Operating expenses,
1901.
including
construction, and
Net earnings
Fixed Charges
Balance
Dividend on preferred (4
p. 0.)....
Balance, surplus
76, p. 1365.
-V.
Long Island Railroad.
(Report for the year ending June
30, 1903.
Jr. says in substance:
President W.
Genbbal Results.—The gross earnings for the fiscal year increased
9>« per cent, or $557,385. The expenses, however, were exceptionally high, due to the extraordinary cost of fuel and other supplies, the
Increase In wages and In the rental charges for foreign cars under the
new per-diem chartre and in the outlay for additional exoress facilities.
The increased cost for fuel for locomotives was S12,"i.641: for
fr«lght-car service charges, $122,004; for express. $89,230; total,
$336,875. The tons carried increased 8 16 per cent and freight train
mileage 2-01 percent. Passengers carried increased 5'66 percent
and passenger train mileage 3*42 per cent. The results show that
operating expenses were on a new plane which could be offset only by
increased business.
IMPBOVEMENTS.—The year was marked by large expenditures for
general improvements, amounting to $1,060,104, of which $255,402
was charged to capital aooount, $221,462 against the Income for the
year, and the balance taheu care of through the extraordinary expenditure f unn of $58?. 240, heretofore set aside from your Income.
The chareee to capital account for new work are as follows: double
track, Wlnfield to Jamaica, and slxtraok system with Interlocking,
Jamaica to Bookaway Junction, $234, S69; block signals. Oyster Bay
oivlsion, and Valley Stream to Freeport, $20,533 total, $25.'>,402.
Oapltal aooount was also increased on aooonn'; of merger of leased
roads as follows: cost of Great Neck & Port Washington RR., $200,000; cost of Montank Extension KR.. $600,000; cost of New York Bay
Extension RR. $210,000; total. $1,010,000; less sales of property,
etc., $29,227; net, $980,773. The three roads above named were duly
merged during the year into the Long Island RR., and your funded
debt shows an Iti crease of $800,000 by reason of the consequent assumption of the $600,000 of Montauk Extension and $200,000 of New
York Bay Extension 5 per cent bonds. Of your unifled bonds, $3,468,000 were delivered to your company during the year by the trustee, for permanent improvements and betterments and the redemption
of underlying securities, as provided for in the mortgage.
The increase In the cost of bonds owned by your company is mainly
accounted for by the fact that of the unifled bonds drawn $2,968,000
are held in your treasury, and are temporarily used as collateral for
the loans Incurred for construction and equipment purposes and for
the redemption of sectional bonds. Of the $1,250,000 of Metropolitan
Ferry Oo. 5 p. o. bonas, which were called for redemption at 110 per
ceni May 1. 1903, $557,500 had not been presented for payment up to
the close of the year.
The charges to income and extraordinary expeiidlture fund aggregated $S04,702, including, with other items: Right of way and property, $192,811; 2,754 tons 100 lb. steel rail (in addition to an equal
amount charged to expenses), $48,808; extensions, new passing
tracks, etc., $45,039; second track, $24,266 eliminating grade crossings, $14,661; stations, shops and other buildings. $166,904
locomotives and passenger cars, $51,661; gondola oars, $100,214; steamers, tugs and oar floats. $105,762.
Up to June 30, 1903, there was also expended and charged to capital
account the sum of $961,186. being your company's one half the cost
of depression and elevation of tracks on Atlantic Avenue, Brooklyn,
for which your company received bonds heretofore referred to under
ths terms of the unifled mortgage. This work has progressed favorably. The elevated portion between East New York and Atkins Avenue (6.2e2 feet) was put in service May 28. 1903. Division No. 2, elevated between Nostrand ana Ralph avenues, will be in operation by
Nov. 15. The subway portions will not be completed for another year.
The passenger station at Long Island City was entirely destroyed by
fire on Dec. 18, 1902, and a fire-proof station built in place thereof,
which was put in service on April 26, 1903.
Thirty grade crossings were eliminated; there were also 24 crossings
removed on Atlantic Avenue, Brooklyn.
New equipment added during the year oonslstfld of 10 passenger
engines, 2 consolidation engines. 4 drill engines. 245 fiat oars.
All Indications point to a constant increase in yoar local trafllo.
This will necessitate the double-tracking of portions of your line and
the furnishing of largely increased facilities. In addition to this, the
recent leglplation providing for the removal of grade crossings on that
portion of your line between Bay Ridge and Fresh Pond Junction will
necessitate heavy expenditures, of which one-half must be provided
by or through your company. The completion of the tunnel line of
the Pennsylvania RR. between New Jersey, New York and Long
Island will also throw a large additional volume of tratfio upon your
system. In order that these inaorovements may be completed in season, it Ifl necessary that they should be promptly inaugurated, and
negotiations have been concluded for the sale of securities under
which the necessary funds will be obtained to cover a considerable
portion of the expenditures for these purposes.
H. Baldwin
;
street railways
The company reports for the year, the Jast
1903 being partly estimated, as follows
was
1902.
betterments and taxes
Including Philadelphia Company, Equitable 0(U Co., Consolidated
(hu Company of the City of PitlsburgS, the Allegheny County Light
Oo. and Pittttntrgh Bailwayt Oo.
Jan. 1 to Nov. 80.—
Jfovember.
stock of Phlla. Co
CANADA SOnTHEBN
1903.
outlays for
Affiliated Corporations.
.
of 2 per cent
able Jan. 29.
I
9,586
*
Miscellaneous Inoome...
The semi-annual dividend
-7>(i/.
Current
,
2387
$
Seattle Electno Oo.Oot
Jan. 1 to Oct 31.-..
Tampa
J
J
;
;
Statistics.— The earnings, etc., compare as follows, the
operations of the New York
Rockaway Beach Ry. being
included in 1901-02 and 1902-03 :
&
THE CHRONICLE.
•23S8
OFBBATIONS. KARNING8, BTC.
190203.
190102.
Miles of road Jane SO
392
396
Optration$ —
190001.
380
ReveDoe p»«§eDirere carried
Revenue pass, carried 1 mile
Rate per passenger p*r mile
Tons revenue freight carried
do
do
do
Rate per ton per mile
1
17..^.'i2,060 16,611.102 14..'S20.218
232,62«.924 240,683.822 198,793.891
1-422 Cts.
1-413 ots.
1-329 Ots.
2.104,598
1.945,854
1.642,937
mile. 55.669.424 60,859,781 42,289.092
3-158 ots.
3205 ct8.
3-367 Ots.
.
Averak'6 train load (tons)
Earnings per freight train mile.
EarnlnKB per pass, train mile
Gross earnings per mile
1902-03.
Eaminas—
Passenger ..^
Freight
Mall, express
A
12916
12038
11053
$4-14
96-8 Ots.
$16,441
1901-02.
$3 80
$3-62
94-8
ots.
87-7 Ots.
$14,858
$13,305
190001.
$
189900.
$
9
3.592,614
1,784,056
mlso.l,064.SS2
l,60i^.975
2,641,184
1,381,483
876,404
839,680
2.499,940
1,800.629
756.690
6,440.992
6.883,607
4,862.847
4,657,259
Total
$
8.401,228
Sxpetues—
way it
735.879
Malnt of equipment 592..* 92
168,335
710.697
535,234
2,724.759
140,860
621,073
467,352
2,298.627
129,653
2,208,811
132,534
4,787,968
4,111.550
3,516.705
3,276.073
(74-34)
(69-88)
(72-3)
(71-8)
Net earnlnes
1,653,024
Net from ferries, &o. 199.936
Int. onlnveete., &o.. 137,128
1,772,057
226,104
106,584
1,345,642
140,009
145.901
1,281,186
140,008
135,903
Tot. net Income.. 1.990,087
Malnt.
Conducfg
etrnct.
transp'n. 3.291.162
General
Total
P.O. op. exp. to earns.
515,585
419,643
2,104,745
1,631,552
1,657,097
967,068
442,851
239,516
860.613
484,295
210,832
3,381
4,749
837,280
322.800
258.700
16,962
837,280
322.800
232,084
6.440
31,683
84,127
221,462
644,256
195,809
loo.obo
2.104.745
1,631,662
1,497,604
59.498
Bur. 31,142
[Vol. lxxvii.
of the line, and. Indeed, In meeting Inexorable conditions bolaiy ana
effectively. The company has been more fortunate than many of those
north and west of us who, before the day of reform in alignment and
grades, multiplied their tracks on the original location and have now
encountered the problems of revision at an enohanced cost.
The results for the late fiscal year were as follows :
babnings. expenses and chabqbs.
190203.
1901-02.
1900-01.
473,810
729,641
135,450
430,679
61T,108
120,268
384.485
573,833
108,547
1.338.901
1,168,064
1,066,865
989,996
98,504
146,607
654,489
41,072
114,958
112,541
464,844
34.229
96,688
136.296
430,880
31,266
112,612
89,294
326.879
43,366
940,522
398,379
10,968
726.572
441,483
16,105
695,114
371,751
26.314
572,051
417,945
21,475
409,347
457,589
398,065
439,420
22,500
231.144
31,176
231,144
48,776
228,520
49,780
224,538
Earnings—
Passenger
Freight
Mall, express, etc
Total
Erpenses—
Maintenance of way. etc..
Maintenance of equlpm't.
Transportation.,
General, etc
Total
Net earnings
Add other income
Total
Dedttet
Interest
—
Dividends
Miscellaneous
New equipment, etc
300,104
109,243
Total
Balance, snrplua
Extra'y expendlt'es.
1908.
Assets-
Road and
ment
4,504,771 3,722,136
204,598 204.289
etc..
B7?.«83
23,279
807.800
71,040
71,02B
173.505
5.505
72,393
Bills receivable
,273
Coney
8Tir.7i,54'9
Park &
Isl'd result
Bar., L.I.
<-
.......
def.
RB. system
N. Y.
&
12.C98
78,537
R. B. results In 1901-OS and 1902-03 included In Items
above.
GENBBAL BALAKCB SHEET JUNE
Assets—
Road and eqalpment
Atlantic Ave. Imp
30.
1903.
1902.
1901.
1900.
$
$
9
$
27.571,436 26.335.261 25,511.569 35.334.641
961,186
Leasehold estates
5,633,000 6,448,000 6,448.000 6,448,000
Ferry property
2.744,000 2,744,000 2,741,000 2.7-14,000
Exp. river & bar. equip..
237.309
237.308
186,410
277,418
RR. and other atooks
and bonds
5.764,663 2,994,213 2,793,970 2,688,790
Real estate mortgages...
246.488
226.488
206,483
206,488
Cash on hand
162,377
174,867
179,191
304,034
Agents, Individuals, etc..
824.679
516,645
310,194
279.208
Materials and supplies ..
333,273
293,292
371,238
224,719
P.P. & C. I. loan account
428.000
Bills receivable
830,250
610,250
1,2 23,750
Advances
658,061
727,751
273,097
Miscellaneous
150,800
92,187
82.907
324,935
Profit and loss
918.515
843,887
907,450
844,311
Total assets
47,249,908 42,338,778 40,478,247 40,150,963
LiabUi'ies—
Capital stock
12,000.000 12,000,000 12,000,000 12,000,000
BoEds (^eeI^v 8upp.). 25,486,203 21,910,703 21.210,703 21,210,703
Secur'ts leaseh'd estates. 4,138,000 4.948.000 4,948,000 4,948.000
Bills payable
695.000
3,465,a90
360,000
400,000
Real estate mortgage
458.738
448,738
281,238
28 ",23 8
Interest and rentttls
314,188
259,219
250,291
330,494
Pay-rolls and vouchers..
385.383
724.937 l,12.=i,l47
582.293
Extraor'y expend, fund.
117,2-20
84,126
583,240
195,809
Miscellaneous and taxes
511,822
577,7^6
703,732
331,015
vldHals
Supplies
Total
6.649.860 4,383,434
— V. 77. p, 629.
'86,606
338,066
69,999
364,326
85,094
80.
1903.
Liabilities—
$
equip-
Investments
Cash
Due by agents,
60,000
1903.
Companies and IndiTotal
1.990,087
Snrplus ..............
..
N.Y &Rock. B. restilt
f
Prospect
262,319
195,270
BALANCE SHEET JDNB
Taxes
MlsceUaneons
Int. on notes, etc
Kxtra'y expen. fund
854,613
585,961
99,122
770
46,460
Deduct—
Interest on bonds...
Rent, of leased lines.
189900.
$
1902.
t
$
Stock (see In. 8uP.)..2,8h9.800 2.889.800
Funded debt
500.000 500,000
Dividends
95.55rt
95,658
Interest
6,625
Audited vouchers... 185,146
June pay-rolls
Washington So. Ry..
Miscellaneous
Bills payable
70.636
127.815
i2,023
950,000
Profitandlogs
713859
Total
5.863
122,621
«i.3S7
78.906
27,'<!38
604,612
5.519.860 4,388,434
Morse Iron Works & Drj-Dock Co.
("Assets and Liabilities, J
Blandy, Mooney & Shipman, attorneys for the company,
recently filed the followiDg in the oflBce of the Clerk of the
United States District Court:
FINAHCIAL STATEMENT.
Liabilities
Plant foot of Fifty-sixth
St., Brooklyn
$1,084,860
Materials
Horses, vehicles, etc..
two
2,166
Why Not and
lighters
Machinery, tools,
Patterns
etc...
&
fixt's
Office furniture
Due on open
account.
Unliquidated claims...
Total
.
5,690
218,619
41.651
4.293
100,455
$14,207
Wages
60 Mortgages
32,219 Other secured
Cash
Steamer
—
Taxes and water rates.
2.851
510,000
credit-
41,357
515,019
ors
Unsecured creditors...
Damages claimed in
suits for alleged negligence, etc
Accommodation note...
161,386
1,200
4,728
$1,494,730
$1,246,020
Total
In addition to the aforesaid assets, there is a half Interest in
a patent for an improvement in dry- docks and a license to
use a patented improvement in propeller blades, the values
of which are unknown, and in addition to the liabilities
there is a suit pending for alleged infringement of dry-dock
patent.— V. 77, p. 1228.
On
United States Redaction & Refining Co.
(Report for the year ending July SI, 190S,J
page 2396 will be found the official statement respect-
ing the reasons for deferring the payment of the preferred
-V. 77. p. 2098, 1874.
dividend. In the annual report, under date of Sept. 28, the
Executive Committee, Charles L. Tatt, Spencer Penrose and
Biclimoiid Fredickebarg & Potomac Railroad.
Charles M. MacNeill, Chairman, say in substance:
Genkbal Results.— During the past fiscal year such plants were
fReport for the year ending June 30, 1903. J
kept in operation as would handle the tonnage of ore received. The
President E. T. D. Myers under date of Nov. 16, 1903, says net profit applicable to Interest, dividends and addition*l surplus aggregated $837,604. Dlvldeudi and Interest paid amounted to $653,in enbatance
500, which permitted an addition to surplus of $184,104. The yearly
Financial Condition.— This company has executed a new mort- amount of $50,000 due the sinking fund is provided for from the surgage, dated April 1, 1903. to the Central Trust 0'> of New York, plus. The payments to the sinking fund are not debited to income
trustee, seonring an issue of not exceeding $4,000,000 of 312 P- o. gold account for the reason that the nonds so purchased are carried as a
bonds, to fall due April 1, 1943. Tbere was delay in engraving the debit at par against "sinking fund bond investment aoooant" as an
bonds, so that they were not available until after the close of the fiscal ofl"set to Jiabiilty of $3,0c»t>.000 par value bonds oiitstandlng.
year. In order to carry on the dww ooDBtrnctlon and to meet obliThe amount expended in permanent improvements, as well as the
gations promptly, ir, became necessary to borrow money on the -'blllB cost of maintaining idle plants, has been deducted from income.
payable, $950. OoO." appeurlLg In the treasurer's reiwrt. The amount
During the year the tonnage of ore received by the company
thus ruised is accounted for by "amount spent on new construction
suffered quite a decrease, mainly due to the disturbed labor conditions
second track— and new equipment." and by cash on hand.
surrounding the mines in the Cripple Creek District. In Febrnnry,
On Aug. 14, 1903, the company sold $1,300,000 of the new 3h> p. 0. 1903, a boycott was Inaugurated by the Western Federation of Minbonds at 95 and accrued Interest, and with the proceeds all of the ers against your company to force a recognition of the Fed*iratlon
bills payable were retired
Arrangem>^nts havn been made for the and compel a discharKe of our old employees who were not atflllated
sale of further bonds, at the same rate, to meet the needs for new conthere with it. The attempt to unionize tha plants of your company
atruotion until the sprlug. As far aa the board can foresee, the issue was not sucoessful, aa our employees were and are contented In their
of 3H p. c. bonds win bo $2,0«0.<jOO, which, added to tha $'>00.000 of
employment. A full working force is ready and willing to resume
4^ p. 0. bonds, will make the bonded debt $2,fS0O.O00, and the interest work whenever labor conditions permit the resumption of ore ship$92,500 per annum (See Richmond- Washington Co. on page 2391 )
ments. Bee page 2398.
^
Gf.nebal Results.— The coe^t of transportation during the last year
Late in March last the plant of The United States Smelting Co.,
disa
suffered
City,
Col.,
great
strike,
by
Canon
was greatly increased by the
coal
and
advance in owned by your company, located at
wages and other Items of expense. The net earnings of the year, after astrous loss by fire. The loss was folly covered Dy insurance, but the
paying the dividend, amounted to $155,707; of this there whs spent tire necessitated the oefi-tation of operations for about four months.
in permanent additions to property $46,460, and there was added to
The plant has been rebuilt entirely of steel, and at the pres nt time is
the credit of profit and loss $109,246. After making allowance for
in satisfactory operation on an enlarged scale. The plant of The
Increased fixed charges, and allowing for no Increase in net revenue United States Smelting Co. is not afiected In any way by the strike sitduring the current year, the board anticipates the maintenance of uation In the Cripple Creek District, as the supply of ore Is obtained
dlvlriends.
from other mining camps within the State and elsewhere, no Cripple
CoMBTHUCTiON.— The reconstruction of the line has been somewhat Creek ore being handled at that plant.
delayed by right-of-way matters. The graduation is finished for 58
ExTBNSioNs. — Your coiupany is extending its operations into Utah.
miles. The double linn of rails has reached Hummlt station (53rd A portion I'f its surplus is to t)e used for acquiring a substantial intermile), but there is a gap between the 18th and 29tta mile pot'ts which est In The Utah Copper Co., which is now erecting a large copper reit is hoped to open next spring.
This 11 milt-s covers some very duction plant near Bingham, Utah. This project is In furtherance of
heavy work now nearlng completion. The stochholders have. In the the desire of your directors 10 broaden the basis of your company's
lodgment of the board, acted wif<ely in authorizing the formidable ex- operations so far as possible, consistently with the best interests of
penditures Involved in the doable-tracking and general rehabilitation the stockholders.
Total
liabilities
47,249,908 42,338,778 40,478,247 40.150,963
,
:
Dec.
THE CHRONICLE.
26, 1903.]
Outlook —The processes uaed by your company arc being eontln
uklly Improved. Your plants are In perfect repair and the physical
condition always kept up to a perfeot standard. The contracts for
your ore snpply are. In most cases, of lone duration, and provide that
the period of interruption occasioned by strikes or boycotts shall be
added to the time agreed upon. The manH»cement feels Jastltled In
predlotlnK a continuation of favorable conditions.
The income account and balance eheeta
for
two yeara past
follow
8TATKMBNT OF INCOME TEAB KFDrSO AtJQUST
$1,363,673
9,678
3,290
4,440
4.696
1.046
$1,038,373
$1,373,849
Income from all plants In operation
Income from outside Investments
Premhims obtained from bonds parohased
for f'lnklng;
fund
Interest received on bonds
sinking fund
Sundry Interest received
Total Income
Deduct—
leiral
and
....
840
official salarlei,
$152,669
13.016
$176,0.''3
advertleliig. taxes, etc
Cost luattitalninK Idle plants
8,875
Organization expem^es
Improvements durlntt year
Preferred dividends paid
Common dividends paid
13,841
236,748
236,752
180,000
21.066
220,365
(41<) 176,886
(2) 118,038
•195.000
$852,269
$184,104
$903,040
$470,809
(6)
(4)
Interest on bonds
Total deductions
Surplus
*
1901-02.
purchased for
for year
General expenses,
1.
1908-03
$950,309
67,250
For thirteen months.
BALAJfCB 8HEBT ADODST 31.
1903
.
I
lAabilitiM$
t
Preferred stock outstandlDK
3,915,800
3,,945,800
Common stock out-
.
Cash
Acconnts recelv'le
Continental Trust
Co.. New York...
Kes8ler4Co.,N.T.
Sapplles. etc
Advances on ore..
Bonds In sink, f nod
TotaL.
l.S7,lv!6
2rt6.257
54.552
61,350
staudlDir
'
3.344
6,040
2e5,«S6
220,000
1,130
4,018
373,112
x90,000
'28,000
1
i
j
.18,589,662 13,384,627
1002.
1908.
1902.
As$et*~
t
Cost of property. 1 2,115.175 1 2,118.195
O at 8 Id • invest64B,180
534,165
ments, cost
First mortgage
bonds
Accounts payable.
Unpaid
Interest
and dividends ..
Accrued Interest..
Income acct,, sur..
5,,918,800
5,918,800
8,,000.000
30,100
3,000,000
80,100
B.OlO
15,000
654,913
4,018
16,000
470,809
]
Total.
..13,569,662 13,384.527
X
Bonds.^OO.OOO, purchased at 85*592 equal to $77,033 cash, leaving $3,344 cash
to be Invested.— V. 77, p. 774.
GENERAL INVESTMENT NEWS
BAILB0AD8. INCLUDING STREET BOA08.
Belt BR. & Union Stockyard Co,, Indianapolis.— £'a;{ra
2389
&
River Railroad, in Nebraska
bonds due July 1, 1918, have been
drawn for payment, as follows, viz.: $188,000 bonds for
11,000 each and $19,200 bonds for $fiOO each; they will be
paid at the office of the New England Trust Co., Boston, on
Jan. 1, 1904,— V, 77, p, 1746, 1298.
Chicatro Rock Island & Pacific Uj.—Bond PZan«,—There
are conflicting reports as to the action likely to be taken on
Jan, 7, at the adjourned annu«il meeting, regarding the auBurlington
non-exempt
Missouri
6 per cent
thorization of new bonds. It is stated quite positively that
the "Rock Island will sell no new bonds of any kind within
a period of many months, and probably of more than a year."
On the other hand, it seems likely that authority will be obtained for a bond issue which can be used as collateral or
otherwise, as contingencies may require, until times are
favorable for a general financial plan.
The New York "Sun" quotes "a Rock Island man, who is
in a position to speak with authority," as saying:
There has merely been a revision of the original plan, which wai for
an authorized Issue of 8250,000,000 of bonds. The plan likely to be
presented on Jan. 7 will Include both the unlfylnif of exUtlntt Rock
Island bond Issues and the reimbursement of the treasury of the Chicago Rock Island <fe Pacific Railway Company tor various expenditures for rolling stock, equipment and Imvirovements of all sorts which
have amounted to about .^50,000,000. All of the bonds that may be
Insnel will be for the benefit of the stockholders of the old Ohloa«o
Rook Island & Pacific Ry. Co., and any flnanolnir that will be done
will actually Improve rather than Impair the value of that security,
which forms the basis of the entire existing Bock Island organization.
Earnings of Constituent Property. —See Choctaw Oklahoma
Gulf RR. on page 2338 —V. 77, p. 2279, 1742.
&
Chicago
St.
Panl Minneapolis & Omaha Rj.— Bonds
Offered.— H. W. Halsey & Co., New York and Chicago,
having sold $850,000 of a block of $1,100,000 consol. SJ^s of
1930, are offering the remainder at 933^ and interest.
The consols are secured as a lien on the entire property,
aggregating 1,487 miles, subject to underlying issues, and are
a first mortgage on 432 miles. The total bonded debt is at
the rate of but $17,000 per mile.— V. 76, p. 704.
Colorado Midland Rj.— Interest Payment. —Secretary Bronner denies the report of impending default on the coupons
due Jan 1. The earnings are temporarily reduced by the
mining strikes in Colorado and for the six months now ending are said to have been some $60,000 less than fixed charges
and operating expenses, but the outlook is improving (see
status as reported in item "United States Reduction and Refining Co.," under industrials below).— V. 77, p. 2085.
Detroit Sonthern RR.—Irta«ei.—The New York Stock ExDividend,— The company has declared the regnlar 3 per
change
has listed $1,000,000 additional first mortgage 4 per
gemi-annual
dividend
common
cent
on the
atock, with 1 p, c,
extra, making 4 p. c. in all, as against 3>^ p. c. in January, cent bonds of 1951, making the total listed to date $3,866,000.
Compare V. 77, p. 2280, 1871,
1903.— V, 75, p. 1353.
Dixon (111.) Rock Falls & Sonthwestern Electric Ry.—
Bine Grass Consolidated Traction Co.—Receivership Suit.
Mortgage.— A mortgage for $1,800,000 has been made to the
A suit for the appointment of a receiver and sale of the Morton
Trust Co. of this city as trustee, to provide for the
Property was filed in the Circuit Conrt at Lexington, Kv., on
construction and equipment of the projected electric railway
>ec, 19, by B, F. McDonald and 28 other lien holders.— V. 77,
from Dixon to Geneseo, III,, via Rock Falls, Tampico, and
p. 2168.
Atkinson.
The company was incorporated in March its
Brooklyn Heights RB.— To Guarantee .Sond«,— Brooklyn authorized stock is $1,800,000. G. H. T. Shaw, President,
Union Elevated 4-5 p, c. bonds and Kings Couaty Elevated Dixon, 111.
E. L, Titus, Vice-President, Steward, 111,
4 p. o. bonds will be gaaranteed on three days in each month I. R. Titus, Secretary, Steward; F. N. Vaughau, Treasurer,
in 1904 by the Brooklyn Heights RR. Co. at 168 Montague
Amboy, 111.
St., Brooklyn, N. Y., between the hours of 9 a, m. and 13 u,
aforesaid bonds are gold 5 per cents of $1,000 each, dated Sept.
The days on which bonds will be guaranteed for the first six 1,The
1903, and due March 1, 1933, without option ot earlier redemption;
months are as follows:
interest payable March 1 and Sept. 1.
The road Is now under oon-
—
;
;
January
February
March
— V. 75, p.
Sth, 19th, 29th,
5th, 16th, 26th,
Sth, 18th, 29th.
April
May
June
Sth, 19th, S9th,
10th, 20th, Slat,
loth. 2lBt. 30th.
1398,441.
;
Btrnotion.
Erie
RR.— New
C. Stuart has
—
General Manager, Superintendent John
been appointed General Manager, succeeding
Daniel Willard, who resigned to become President of the
Calnmet Electric Street By.— Ptan Abandoned,— Zoth. the Chicago Burlington & Quincy RR.— V. 77, p. 2280, 1873.
protective committee of the receiver's certificates of the
Erie (Pa.) Rapid Transit Street Rj.—Receiver,— At PhilNational Bank of Illinois and Cobe & McKinnon, who had
charge of the reorganization of the Street Railway Company, adelphia on Dec. 18, upon application of D wight M. Lowrey,
have sent out circulars announcing the failure of the nego- counsel for Smethurst & Allen, railroad contractors, Judge
Beitler, in the Common Pleas Court, appointed Henry F.
iations.
Cobe & McKinnon say:
We regret to advise you that the proposed plan of reorcanlzatlon of Walton, an attorney, receiver for the company on the charge
the Calumet road by the certificate holders of the National Bank of of insolvency.
The floating debt, it is claimed by the
Illinois has been definitely abandoned. The matter was finally oonplaintiffs, exceeds $10,000.
See page 1980 of Street Rail•Idered by the creditors' protective committee in consultation with us
on Nov. 24, and, after prolonged discussion ot the various questions. It way Section.— V. 76, p. 1192.
became apparent that no reorganization plan could be evolved upon a
EvansTille & Princeton (Ind.) Traction Co.—/n Operbasis satisfactory to the committee and ourselves, and which we
ation.—
This company's electric road, extending from Evansbelieved would be satisfactory to you; our proposition was therefore
ville to Princeton, 28 miles, was formally opened for business
withdrawn.
The railway will doubtless continue to be operated by the receiver on Dec. 8. See page 1931 of Street Railway Section.
nntU such time as better conditions render the property more attractForest City & Gettysburg RR.-iSale Jan. ^.— Judge Carive to purchasers. We do not consider that a sale Is likely to take
place In the Immediate future. Depositors are entitled to the receiver's
oertlflcates deposited with the Chicago Title & Trust Co. on the return
of the receipt Issued therefor.— V. 77, p. 950.
land, of the United States Court at Sioux Falls, S. D., has
ordered the sale of this road under foreclosure at Gettysburg, S. D., on Jan. 2. The New York Security & Trust Co.,
Canadian Pacific R-j.—New Stocfc.-Subscriptions for £2,- the mortgage trustee, Instituted the foreclosure proceedings.
808,000 sterling perpetual 4 p. c. consolidated debenture stock The
road extends from Forest City to Gettysburg, S. D,, 22
recently offered in London at 108 are payable as follows: £10
miles.
President and General Manager, G. W. Avery,
per £100 stock on application, £16 on allotment. Jan. 4, 1904; Chicago.
£20 on Feb, 8, £20 on March 7, £20 on April 6 and £20 on
Frankfort & Versailles Traction Co.— Bonds Offered.
May 9. Or, after allotment, payment in full may be made
under discount at the rate of 3 per cent per annum on any The Municipal Bond & Securities Co. of Cincinnati offers at
Thursday, and stock certificates will then be issued for such par with a bonue of 25 p. c. in preferred stock $150,000 of
this company's $800,000 first mortgage 5 p. o. gold bonds;
fully-paid stock.— V. 77, p. 2279, 2158.
denomination $1,000 and $500, dated Dec. 1, 1903, and due
Chicago Burlington & Qaincy RB.— CaZZed BoTicis.— Iowa Dec. 1, 1923; interest payable June 1 and Ddc. 1 at the office
of
division bonds of 1879, viz., |58,000 of 5 per cents and $178,the Cincinnati Trust Co. of Cincinnati, trustee, or at the
000 four per cents, have been diawn for rwdemption, and will North American Trust Co. of New York. Capital
stock
be paid at No. 704 Sears Bailding, Boston, or at the National (paid up)
$300,000, of which $75,000 is 4 p. c. preferred.
Bank of Commerce in New York on April 1, 1904, at 105 p. c. circular says:
and accrued interest to April 1, 1904, for the 5 p. c. bonds,
The road already built In the city of Frankfort, Ky. (population
and at par and interest to April 1, 1904, for the 4s,
12,000 Inhabitants), is about 7^ miles, and was pat In operation In
—
A
THE CHRONICLE.
•>:59()
row
Vol. lxxvii.
I
New
Jersey & Uadsou River Ry. & Ferry Co.~TranaArrangement
Only, All interests deny that this comcompany
has purchased the Fulr Qrounds of 30 acres, with grand stand, pany has passed under the control of the Public Service
T-'lUon. etc. The company has been operating with only
Corporation, All that has been done was to make transfer
dar •
k:er oars and one frelkjht oar. which has proven absolutely
thr.
arraogements, so that passengers from Newark and Paterson
proposed
purchase
move
oars
U
now
to
ten
paesenRer
It
Ina
•nd aiiothcr irt Itfbt oar. Our pnKlneer has estimated that with the can be transferred to and from the lines of this company.
vr'''POsPrt fo extend this road 4 mllea within the olty
1S90. It 18
Uiiilta, eo a» to reach certain factories and dlstllit^rles. Ultimately It
l8 propofod tn extend the line 12 miles to VersalUea. The
-
..
—
fer
•
-
ImproTemei.t of the line and the 4-mUe extension, the road will earn
$50,00'> p*"!" annum; $^^30,000 fr-m freUht and $:0,000 from passen
gers. It Is proposed to expend more than $200,000 In repairing the
old road, furuuhlnt: additional power, baying additional oars and
balliUiisr the 4 mile ext nslon. Juhn O. Noel of Fratiktort. Ky., Is
Preeldent; A. Norvale of Olnolnnatl, Treasurer; John T. Buckley of
Frankfort, Secretary.
Ciiupare FrHnkfort
Suburban Ry., page 1932 of Street
&
Railway Section.
(}rand Trunk Hj.—Oaur inteed
Stcck Deposited to Secure
cfl&cial statement was
isfined by th*^ D.iiuitiiin 0->vernmHnt a^ Ottawa on D-^c. 18:
The comrany has deposited *1. 000 000 of Its guaranteed stock as
secnrliv for the carrying out of the agreement entered Into last session between the Government and the Grand Trunk Paclflc Ry. Co.
Oortmrnent Contract.— The following
subject to ratltieation of their shareholders at a general meeting.
InAsmach as the contract requires cash or Government securities for
the deposit, legislation win be required to con firm the acceptance of
the securities which have been deposited, though such eeoarltles are
worth to-day more than par, j»nd their value unquestionable.— V. 77,
p. 950. 510.
Hreer.tleld Deerfleld
—
& Northampton
&
Street
Ry.— Bonds
Q*o. A. Fernald
Co., Boston, are offering at 104
Offered.
and interest a block of tbe §150,000 fir^t mortgage 20-year
The stock (fully paid) is $180,000. Appraised
gold 03.
valuation of property made for Massachusetts Railroad
Commission, §340,826,— V. 77, p. 2C98,
Hocking Valley Rv. Guiranteed Bonds. — See Kanawha
Coal & Coke Co. under "Industrials" below.— V.
& Hockirg
77. p. 1874, 1225.
UouBton & Texas
(Central
RR.—Called Bonds.
—The
num-
bers of first mortgage bonds aggregating $850,000 and oonBOlidated mortgage bonds aggregating $200,000 which have
been drawn by lot, and will ha redeemed at 110 and interest
Deo. 81, will be found in an advertisement on another page of
to-day's Chronicle.— V. 77, p. 1533
Lske Shore <te .Ylichlgan Southern Ry.— Dividend Jncreased.
semi-annual dividend of 4 per cent has been declared,
payable Jan. 29, raisiog the rate to 8 per cent per annum,
against 7 per cent paid since July, J 898. It ia expected to
continue distributions at the increased rate.
—A
—
The New York Stock Exchange has listed
Listed.
16,180,000 afiditional Z% p. c. one-hundred-year mortgage
bonds of 1997, issued to take up the second mortgage bonds
(paid Dec. 1), making the total listed to date $50,000,000 and
completice: the amount authorized by the mortgage. V. Y7,
T) 2280 21 59
*
JJepoVf.- See page 2387.— V. 77, p. 2280, 2098.
— V, 75, p.
1203.
New York
Central
& Hudson River H'R.— Earnings for
Six Months.
See pa,«e 2385.
Increased' I come OJi Stock Owned.— Ses Lake Shore
igan Southern Ry, above.— V. 87, p. 2159, 2098,
>.
& Mioh<
RR—
New York New Haven & Hartford
Plans.— C. S.
Mellen, the new President, at a formal dinner in Providence recently announced that under his regime the road
would seek to remove as far as possible the ground for complaints.
His remarks are supposed to foreshadow a more
liberal policy in the matter of train sarvice aid passenger fares and greater consideration for the demands of the
public. In an iotervinw alao he is quoted as saying:
The large Increase
of freight business calls for
much
better facilities
than now at most of the larger stations, and In partloular for rebuilding or strengthening of bridges In order that tbey may bear
heavier train-loads. This last improvement is of the utmost Importanoe, and steps toward it have already been taken with full assent of
the directors. Local complaints of lnadeqaat« sidings will also. If
well foundet, be Immediately redressed. Mew fast passenger trains
will be put on between New York and Boston. The running time
between the two cities will not, however, be reduced below Ave hours.
Wl'b the Blowings at 11 drawbridges on the main line and three stops
of Ave minutes each, the actual full speed is now abiut 50 miles an
hour and o«nn>t safely be Increased. Irregularities la the train service of which I have found oomolalnt have been dae largely to poor
coal bought during the strike and oftea mlx«d with good coal.
With
that stock of coal used up, and with 110 new locomotives, the service
will soon
become regular.
Attention will be given before long to the better development of
suburban business and a special examination has been ordered of the
condition and returns of the electtio lines of the company. In the
case <if the company's most costly improvement, rhac at Bridgeport,
the first two elevated tracks will be in uce by the mMdle of this
month, the second two by July, and the whole Improvement, Including the large new station, will be finished about a year hence.
Listed. The
York Stock Exchange has authorized to
be listed on or after Jan, 2, 1904, |6,753.200 additional capital
stock, when iasued and paid for in full, making the total
The proceeds of the new stock have been and
$77,149,100.
will be used for the payment of the $2,000,000 first mortgage
bonds maturing June 1, 1903, paying for new rolling stock,
and the taking up of the floating debt,— V. 77, p. 2036, 1747.
—
New
Philadelphia & Lehigh Valley Tractlou Co. Receivers'
Contemplated.— Hee Lehigh Valley Traction Co.
above —V. 76, p. 1031.
Philadelphia Rapid Transit Co.— Third Instalment Called.
—Tne directors voted on Dae. 21 that a call for $5 be made
upon each share of the capital stock, payable on or before
Lake Street Elevated RK., Chicagrc— P/on Operative,— Jan. 20, 1904, by stockholders of record Jan. 12. The capital
Tne reorgamzation committee on Dec. 19 declared the re- stock consists of 600,000 shares of $50 eaoh, on which $10 has
organization plan operative. The Illinois Trust & Savings heretofore been paid up, the last previous call being $5 in
Bank reports that practically 90 p c. of the stock, 85 p. c. of July, 1903. Semi-annual calls at the same rate are expected
President Parsons declines to
the income bonds and 97 p, c. of the first mortgage bonds until the shares are full paid,
have been deposited under the reorganization plan. The say what will be done with the |3,000,000 or what part of it
time for receiving deposits of securities was extended to Jan. will be devoted to the expenses of building the subway.— V.
77, p. 767, 695.
15.— V. 77. p. 2339, 2036.
Pine Bluff & Western RR.— Reported Sale— New MortLehigh Valley Traction Co.— Receivers^ Certificates.— The
"Philadelphia News Bureau" says:
gage. The control of this road, which extends from Pine
Receiver Norris states that the report that receivers' oertlfloates Binff to Benton, Ark,, 45 miles, is said to have changed
Certificates
—
—
would be Issued to pay interest on Easton Consolidated Electric bonds
a garbled report of something which took place months ago, the
facts having been public bed at that time. There were $110,000 receivers' ceriltioate Issu'-d to toke up the June and December coupims
of the Lehliih Valley Traction bonds, not bonds of the Easton Oonsol.
Electric Co., which w»f> in no way concerned in the matter. Subsequent coupons on the Lehigh Valley Traction bonds have been paid,
and the company is not now in default on the Issues of this company
nor on those of the Philadelphia & Lehigh Boad. Bnch oertlfloates as
may be issued, BO far as is now In contemplation, will be an amount
something like ¥150,000 for Improvements to the Philadelphia & LeIs
high line.- V. 77, p. 511, 147.
Maine Central KR.— Guaranteed Bond«.— See Washington
County RR. below.— V.
77, p. 821, 765.
MiB8iB8ippi Vulley Traction Co.— IfoWgogre.- This company, which recently, it is said, purchased tUe Moline East
Moline & Watertown Ry., has made a mortgage to secure
$600,000 bonds to cover the purchase and the cost of completing the line.
The Miseiesippi Companv was incorporated in
Dlinola on Sept. 28, 1908, with $600,000 of authorized capital
stock, to construct an internrban line from Moline to and
aronnd Campbell's Island and to Sterling and Qeneseo. Incorporators.
P. Kopf. E, Scott, Horace Nichols Jr.,
Frederick W. Hill and A. J. Clausaen, Chicago. The AmeriSavings Bank of Chicago is mortgage trustee.
can Trust
Moutgomer) (Aid. ) Street Ry.—iVegro(za^to7W.— The "Mont-
W
&
gomery Advtriaer" SHys
:
Lively negotiations towards the consolidation of the Montgomery
Traction Co. and the Montgomery Street Railway into one corporation
are pending, but they have as yei; failed to achieve any results. A
deflulte aonouijoem>-nt of the final success or failure of chese negotiations Is expected alter the holidays.
The Traction Compauy operates the Pickett Springs, the
Perry and Ludie Street and the High and Ludie Street lines.
See V. 75, p. 552, 240.— V. 74, p. 1139,
Naehville Chattanooga & St. Louis ^R.— Guaranty
Binmng. — See ^Ecna Iron & Manufacturing Co. under "Inbelow.— V. 77, p. 949, 766.
NeTada County (Cal.) Narrow Gange RR.— CaWed Bonds.
A block of foor first mortgage 78 has been called for paj-
dustriaJs"
—
ment, making, it is said, a total of $36,000 of the $250,000
bonds that have been called to date.- V. 77, p. 2339.
hands, but the report that the Rock Island interests are the
purchasers is not confirmed. The $1,200,000 mortgage to the
Illinois Trust Co. has been released and a new mortgage for
a like amount has been made to the American Central Trust
Co. of St, Louis, as trostee. Compare V. 77, p. 1226.
Plttsbargh HcEeesport & Connellsvllle Uj.— Merger,—
See West Penn Railways.— V. 75, p. 343.
Railroad Construction.- ^«<tmate for 190S.— The "Railway Age," Chicago, says that, with returns still incomplete,
official reports show an aggregate of 5,723 miles of track laid
from January 1 to December 31, 1903, on 380 lines in 43 States
and territories, including Alaska, where 10 miles of road
have been built by one company. This is 175 miles more
than shown in the preliminary statement for 1902 and 39
miles more than in the final statement for that year. These
figures cover only first track and do not include the many
hundreds of miles of second track and sidings built, nor do
they take into consideration the reconstruction work which
has proceeded on such an extensive scale throughout the enThe "Age" also says:
tire country.
The activity In the Southwest has continued and Oklahoma stands
far ahead of any other State or territory in the Union, with Qi>3 miles
of uewllneto her credit; Loni^jiana stands second with 446 miles;
Texas has 371 miles; Indian Territory, 319 miles; Arkansas, 263
mUe»; Mlssoari, 250 miles; Pennsylvania, 221 miles: Iowa, 211 miles;
New Mexico, 193 miles; Minnesota, 190 miles; Illlnoln, 171 miles;
California. 1«7 mllep; Michigan, 162 miles; Wesn Virginia, 148 miles;
Mississippi, 147 miles; Georgia, 140 miles; Ohio. 134 miles; North
Diikoiu, 1^0 miles; Utah, 120 miles; Arizona, 117 miles; Alabama,
117 miles; Florida, 117 miles; Washington, 116 miles; North Carolina,
110 miles; Tennessee, 102 miles; (remainder scattering).
The States located west of the Mississippi River show additions
aggregating .-1.7H9 miles, and the States east of the Mississippi and
south of the Ohio have oonirittuted 1,028 miles, leaving 897 miles to
be credited to the Stales north of the Ohio and east of the Mississippi.
The St. Louis &. San Prancl-«co has built 450 miles of new line, while
the Rock Inland System, which now controls the 'Frlsoo, has built 197
miles, making a total of 047 mlle»; Missouri Kansas <jfe Texas has
added 334 miles; Missouri Pacific, 211 miles; Hant;« Fe, 215 miles;
Ohioago Milwaukee <St St. Paul, 187 mllfs; Soinhern Pacific, 151 miles;
Louisville &, Nashville, 110 miies; Ureat Northern, 94 miles; Northern
Pacific, 92 lulles; Oregon Short Line, 8i miles; 8uo Line. 80 miles;
Texas & Pacific, 6H miles; Chicago Orf<at Western, 66 mllef; Rio Orande
System, 62 mllei; Chicago & North-Western, Inoladlng the Omaha, 61
—
Deo.
,
THE CHRONICLE.
26, 1903. J
$1,375,900; In respeot of additional lines, extenslona, etc., at actual
mlle«; Kanoas City Moxloo & Orient, 61 mllM. not «9oantlnR the iraok
laid in Mexico; Illinois Central. 62 mllec; Southern Kallway, 46 miles;
International & Great Northern. 45 luiles.
Other ooHipanles have laid Traok as follows Fort Smith A Weotern.
120 miles; Hanta Fe Central, 116 mlleB; 8an Peiiro L >8 Anjjeles ife 8alt
Braz is Valley.
Lake, 98 miles; Tences»ee Ontral. 87 miles; Trinity
72 miles; Louisiana R-iUway ,t N*vl>?atlon Co., 6t} miles; Montana
63 mllef; L-^nlaUna & Arkansas. 61 miles.
Reports from Can'-da and Mexico In regard to railroad balldln^ are
meagre, but bo far as received they show 803 mllfs of track laid In
Canada on 24 lines and 341 miles of traok laid In Mexico on 12 lines.
"Th« corstrnction of the pust year brings the totHl njtleaire
cost.
,
A
,
in the United States
up
to 209,855 miles
oa Jan.
1,
&
1904."— V.
bonds, which are deposited with the trustee on account of
extensions, and are not technically "underlying" bonds], and
for $51,000 additional of underlying bonds paid and canceled
by operation of sinking funds or otherwlss.
There have now been acquired and deposited with the Morton Trust Co.. one of the trustees under the mortgage, the
following stocks and bonds representing new extensions:
70, p. 695.
Richmond Fredericksbarg & Potomac Rll.—Bonda.—
See report on a preceding page and statement for RichmondWashington Company below. The stockholders voted on
Jan. 16, 1903, that $500,000 of the |4,000,000 SJ^ per cents
then authorized be reserved to take up at maturity the sime
amount of 4}^ per cents of 1S9J; al80 that the board be instructed to have executed "such further papers as may be
neceseary to effectually limit the iesue of said 4}.^ per cent
bonds" to |500,000, the amount now outstanding. V. 77,
—
Eichmond-Washiugton Com\tanY.— Guaranteed Bondn.—
The company's collateral trust mortgage of June 1, 1908,
authorizes the ig*ue in the aggregate of not exceeding
$11,000,000 of gold bonds upon the deposit with the trustee
of the following |12, 447,200 securities as now owned or hereafter acquired, and the immediate issue of |4, 000,003 4 per
cents of the said $11,000,000 bonds against the securities
named below, being part of the aforesaid $12,447,200:
Authorized
Present
collaleral,
collateral.
$947,800
$947,200
3,500,000
4,000,000
1.860.000
1.550,000
4,000,000
1,600,000
M
$12,447,200 $5,947,200
Total
Additional bonds up to the limit of $11,000,000 are issuable
to an amount at par not exceeding the par value of the additional securities of the issues ab3ve indicated delivered to
Trust Co. is the
the trustee. The New York Security
mortgflge trustee.
The bonds are endorsed with the following guaranty:
For value received, the Pennsylvania RR Co AtHntio Coast Line
RR. Co., Southern Ry. Co.. the Chesapeake & Ohio Ry. Co., Seaboard
Air Line Ry. and the Baltimore & Ohio RR. Oo. hereby jointly and
severally guarantee to the lawful holder or registered owner hereof
the due and punctual payment by the Richmond- Washlnifton Co. of
the principal and Interest of the within bond In gold coin of the United
&
,
States of America.
In witness whereof the said companies have duly executed this
guaranty.
The Pennsylvania RR. Co., by A. J. Cassatt, President.
Atlantic Coast Line BR. Co., by R. G. Erwln, President.
Southern Rv. Oo bv 8. Spencer, President.
TheChes & Ohio Ry. Co., by Geo. W, Stevens. President.
Seaboard Air Line Ry.. by J. S. WUllams, President.
The Balltlmore Ohio RR. Co., by L. F. Loree, President.
<fe
77, p. 695. 629.
Bock Island Co.— Bonds.— See Chicago Rook Island & PacRy. above and St. Louis & San Francisco RR. below.
ifie
V.
Sprlngfleld & Xenia Traction Co.— Deposits.— The reorganization committee requests the bondholders to deposit
their bonds with the November, 1903, coupon attached,
Trust Co. of Clevelaad on or
with the Citizens' Savings
before Jan. 5, 1904.— V. 77, p, 2340, 1747.
&
Vera Cri»z & Paciflc HR.-— Ownership of Securities. -Under
order of Judge Dobler, Receiver McLane of the Maryland
Trast Co. will obtain title to all of this company's securities, unless Alfred Bishop Mason, first President of the
railroad, shall, by Jan. 23, 1904, bid more than the full
amount due on the loan, as collateral for which the
securities were pledged. The principal of the loan is $5,314,012, interest due and accrued $910,516; total, $6,224,528. The
securities pledged consist of $5,000,000 fifty-year 5 p. c. gold
gold bonds, $2,500,000 of 1st preferred stock, $2,500,000
of second preferred stock and $5,000,000 of common stock.
was sent to
Col, J, M. R. Talcott, the expert who
Mexico to make an examination of the property, is
expected to arrive in Baltimore early next week and make
his report,— V, 77, p. 1534,
Washington Baltimore & Annapolis Electric Railway.—
Proposition.— It is expected that at least $2,000,000 will
about $250,000 is
be required to complete the property
needed to provide for debts due and soon to be due. An
underwriters' committee consisting of E. G. Tillotson, W.
N, Gates, W. S. Hayden and F. T. Pomeroy has undertaken
to prepare a plan for completing the property, and in the
meantime calls upon the underwriters to protect their interests by advancing pro rata the aforesaid 5250,000.
A circular says in part:
By the agreement of July 3, 1901, the underwriters (receipt holders) purchased $1,150,000 of the first mortgage 5 per cent bonds at
The company has called thereon $690,000, and has obpar.
tained thereof »496,650; there Is due from delinquent underwriters
;
,
—V.
Deposited.
Oo. Ist M. A p. o. bonds (all).$4,023,000
183ia
miles
In
length)
5,000.000
Capital stock entire issue (road
994,000
Ft. Worth A Rio Grande Ry. Co. 1st M. 4 p. c. bonds
4,001,600
Capital stock
Sulphur Springs Ry. Co. 1st M. 4 p. o. bonds ($500,000
174,000
nuthorlaert) issued
300.000
Capital stock (road 872 miles In length)
500,000
Blackwell Enid & Southwestern Ry. stock (all)
4,500,000
Ist mortgage 4s. entire Issue
4,650,000
St Louis Oklahoma * Southern Ry. 1st M. 4b (all)
20.000
Blackwell Enid <fe Texas Ry. stock (all)
400,000
Red River Texas & Southern Ry. stock (all)
81.">,000
Ist mortgage 48 (all)
60,000
OKlahoma City <» Texas RR. stock (all)
-V. 77. p. 2281.1875.
Oklahoma City & Western RR.
p. 629.
Rich. Fred & Potomac common stock, being a
majority of the company's voting stock
3>« p. o. bonds dne 1943 (entire issue
Gen.
except $.^00,000 reserv. for prior Hen bds.)
Washington So. Ry stock, entire anth issue..
First mortgase gold bonds of 1903, dne 1943,
total authorized
551-137 miles, $ll,20.^,000.
Includes: Hypothecated a« collateral, $740,000; deposited as socuTlty for deferred payments Ok. Oltv & Western RR $3,529,000; In
trust for Nortliweslern l)lvlnlon improvement fuud, $200,000; total,
$3,4159,000; leaving In hands of public, $54,713,000.
The $42,601,100 of refunding mortgage bonds issued for refnndlng purposes were uspd to retire $86,624,950 of underlying bonds deposited with Morton Trust Co. [as shown in
table in text of Railway and Industrial Section, page 1489,
So.
omitting the Blackwell Enid «fe So. and Red River Tex.
t
:
KR
2391
77, p. 2840.
Loai8 & San Francisco RB,.— Trackage to New Orleans.
arrangement has been perfected whereby the company's trains will reach New Orleans over the Mobile &
Ohio RR., which is controlled by the Southern Ry. Co. $193,350. On July 12, 1903, the incomplete property cost $590,860;
using the M. & O. tracks from Tupelo, Miss., to Meridian, there was due from the Washlngtoa Berwyn & Laurei Electric RR.
Co..$U.448; there was cash In bank, $6,602; total assets, $628,910.
144 miles, and from that point to New Orleans, 193 miles,
The floating debt was $120,8 13. The Incomplete property is mortLaurel Electraversing the New Orleans & Northeastern. This arrange- gaged for more than its cost. The Washington Berwyn
ment supersedes the proposed trackage over the St. Louis tric RR. Co. cannot pay Its debt unless with its own unmarketable
securities. By taking the place of the creditors, and only so. receipt
& Iron Mountain. The route by Tupelo from Memphis will hollers
can prevent enforcement of underwriters' obligations by
be about 40 miles longer than the route planned down the others than themselves.
The committee has prepared a plan which contemplates the formaMississippi River.
The Frisco and the Southern Railway
tion of a syndicate (lo be mainly receipt holders) which shall act
companies have arranged for the construction of joint ter- through
the committee. To facilitate efforts looking to the compleminals in New Orleans. (Compare New Orleans Terminal tion of the property It Is proposed to bring into the control of the
St.
—An
<te
Co.. V. 77, p. 37).
—
Bond3. The statement to the N. Y. Stock Exchange regarding the listing of an additional $1,996,000 4 p. c. refunding
mortgage gold bonds shows that they were issued as follows;
Fcrohase of capital stock and first mortgage bonds of Oklahoma City <fe Western RR Oo. (out of $1,1^9,000 Issued).. $313,000
Pnrohaee of capital stock and first mortgage bonds of Fort
Worth <fe Rio Granae Ry. Co. against oonstruotlon of 50mtle line from Brownwood to Brady, Texas, (out of $1,112,000 Issued for this purpose)
287,000
Retirement of underlying bonds
2,«j00
Porohase of capital stock and flist mortgage bonds of Sulphur Springs Ry. Co
133,000
Improvements, betterments, new equipment, etc., at $1,000,000 per year
1,261,000
The
refunding mortgage bonds
and issued as follows:
total authorized ieeue of
$85,000,000 issuable
Authorized.
1.
2.
3.
I$sued.
To retire underlying bonds and for refunding purposes (any surplus for betterments, extensions, etc )
$62,500,000 $42,601,100
Forimprovemente, betterments, new equipment, etc., at $1,000,000 per year
6,000,000
3,000,000
In respect of additional lines, extensions,
etc., at actual cost—
At not exceeding $32,000 per
mile (Inol. underlying Hens). $4,500,000
At not exceeding *22,.!>00 per
mile (incl. underlying liens). 12,000,000 16,500,000 xl2,580,900
Total
X
Ft.
is
-
Worth
&
$85,000.000 1$58,182,000
For purchase of $3,057,000 of th« capital stock of
Bio Grande Railway. Co. (out of original $3,108,100),
Includes:
committee the receipts representing bonds and stock and all the ontstandlDg bonds and stock not represented by receipts, and to bring
Into the same control the various committees and boards authorized
or elested by holders of stock, bonds or receipts. The plan provides
that the committee shall have broad power as to the disposition of
syndicate funds and securities, and as to other matters so that
without new agreement, the syndicate may meet future conditions. Under the plan the committee may dissolve The syndicate at
any time, but the syndicate will be dissolved by limitation on Jaa. 1,
1905. unless extended In the manner presorlbed. The plan Ih detail
Is embodied In a contract dated Oeo. 1, 1903, which has been deposited with the Cleveland Trust Oo.
Each receipt holder is requested to become a party to this
contract by depositing with the Cleveland Trust Co., not
later than Dec. 28, 1903, the receipts held by him, together
with a sum of money which, on the basis of his participation in the purchase of bonds under the agreement of July 8,
1901, is his proportionate share of the sum ($250,000) required for syndicate purposes. V. 77, p. 148.
—
Washington County Ey.— -Bonds to Be Ouaranteed.—The
shareholders of the Maine Central RR. will vote Jan. 8 on a
proposition to acquire this reorganized company's $2,500,000
stock and to guarantee its proposed issue of $3,500,000 of 33^
p. c, bonds, due in 50 years but subject to prior redemption.
V. 77, p. 2840, 2099.
West Penn Railway*.- Jferger.— This is to be the title of
the holding company which will apply for a charter at Harrisburg, Pa., on Dec. 31, as an amalgamation of the electric
lighting and power plants in the coke regions and the Pitts-
—
burgh
McKeesport
&
Connellsville Ry. system (see page
THE
•J39i
(.^HRONICLE.
1970 of Street Railway Section). The incorporators will
be William S. Enbc, Jacob V. Van Wajiener, JohnF. Cockbnrn, Jesse H. Pnrdy and Jerome Hill Jr. The [bankers interested have approved the following:
Tlie capitalization of the
new conoern
will in all probability
be
considerably over $5,000,000. Since the merger proposition was
flret considered, the varlouB oompantes have been under the control of
the so-called West Penu Railway dfc Lighting Co. syndloate, the members of -wblch have nrderwrltten the proposed company.
The new company will be In control of the entire U^htlnsr. power
and street railway system of Westmoreland and Fayette coantlea, as
well ao part of the trolley ey»tem of Allegheny County. Altogether
the trolley system as now operated Is about 90 miles long, extending
from Dnqufsne (adjoining Pittsburgh) to McKeesport, WUmerdlng,
VersalUe*, Buena Vuta, Mt. Piea«anc, Soottdale, ConnellsvlUe, Lelseurlng, Dnnbar. Unlontown and Falrohanoe. The trolley lines whoa
oomi leted will as-gregate about 125 miles, all thoroughly modern.
The lighting oompanlea are located at ConnellsvlUe, Dawsou, Irwin,
Jeanette. Manor, Greensburg, 'It. Pleasant, Soottdale, Tarrs, New
Haven. Unlontown, Falrchanoe and Masontown. In a number of
oases the old stations have been abandoned, power being now supplied
to the towns from the new power house, which Is located a short distance above New Haven on the Yonahlogheny River.
Those Interested inoUidr: W. 8 Kuhn. the General Manager; J. 8.
Kuhn, E. C. Converse, M. K. 8»lsburv.
H. Graham and J. B. Van
Watener. It Is probable th*t W. B Kuhn will be the President. The
organization will be completed by placing the lighting and power companies In one •ompany and the railways In another, with the West
Pens Railways Co. as the holding concern.
W
The
official
estimate of earningf?
Annual Earnings—
Railways
Lighting properties
as follows:
Op. Exn.
$3.^2,7i2
$565,963
193,ri29
122,644
is
Oross.
Net.
$233,251
70,886
$769,492
$455,35«
$304,136
c. bonds and on $456,178.110
Totals
X)«rfue<-Intere*t on the $3,000,000 5 p.
600Ught Londs
Probable snrplns over charges
$131,026
WheellDgr & Lake Erie.— Listed.— The New York Stock
Exchsnge has listed |4S8,000 additional first consolidated
mortgage 4 per cent bonds of 1949, making the total listed to
date $11,618,000. The proceeds ($441,640) of the additional
bonds were applied chiefly as follows:
Excels of actual expenditures over proceeds of 900 bonds sold
In 1902
$42,627
Further payment on account of purchase of MassUlon RR
18,049
faollltlea
Ironville,
terminal
and
dock
at
Huron,
New
Cleveland, Toledo, Martina Ferry, Canton, Zanesville and Mingo
Junction
385,385
-V.
77, p. 981.
Q— Further
Wisconsin Transit Co., Clereland,
$125,000 bonds secured by mortgage
The
[Vol. Lxxvn.
British Columbia Copper Co.— Amalgamition Plan,— A.
circular to the shareholders sent
St.,
New York
City,
from the oflSce, 31 Nassau
and signed by President F. L. Under-
wood, says in substance:
At your last annual meeting you Increased the capital to 400,000
shares ($2,000,000, par $5), with th© object of acquiring additional
mining piopertle?, enlarging the smelting plant, providing a converting plant, and for other minor pnrposee. Negotiations then pending
to acquire the nelghborliig property of the Snow Shoe Gold A Copper
Mines, Limited, of L-ondon, at length resulted In a proposition made
by the latter, of which the following Is an outline.
A new BritlBh corporation to be formea with a total authorized
capital of not less than £1,000,000 In shares of £1 each; to be Issued
f nil paid and non-assessable, as follows:
For all the stock of the British Columbia Copper Co., Llmited.£615,000
For all the properties of the Snow Shoe Company, whose
Issued capital la about 200,000 shares, of £1 each
225,000
Balance for treasury of new company
160,000
Of the treasury stock It Is expected to issue some £50,000 for working capital, leaving the balance available for acquiring other properties, for further construction, etc.
The new company 1h to be governed for the first year by seven
directors, three nominated by the present Snow Shoe Company, three
by the British Columbia Company, and the seventh by agreement of
the other fix. After the first year the stockholders will elect the
board. The properties of both companies to be held by good titles
and to be free from Incumbrances and liabilities of all kinds In excess
of quick a«pet8, except that the cost of new construction In progress
of the British Columbia Company in excess of $40,000 is to be assumed by the new company. The division of new stock between the
companies is based upon the actual valuation of the ore In sight in
each case, and In the case of your company of Its smelting plant also.
The consolidation will bring your property uo to the maximum of
operating efficiency and economy. It will raise the average value of
the ore treated, as the Snow Shoe ore Is of higher grade, chiefly In
gold; and remove all necessity of using earnings for Improvements;
It win at once afford a wider market for the company's shares, both
In Liondon and New York.
Stockholders assenting must on or before Jan. 11, 1904,
deposit certificates for their stock with the Continental
Trust Co., No. 26 Broad St., New York City; every share so
deposited will receive its proportionate share of the stock of
the new company applicable to such distribution (as declared by the old company's directors) and in no event less
than two and one-fifth shares of new stock for each share of
stock so deposited. If for any reason the plan should not be
consummated on or before March 15, 1904, the depositors will
be entitled to the return of their stock.— V. 77, p. 629.
Central District
& Printing Telegraph
(Bell Telephone)
Co.— iVete Stock.— The shareholders
Facta.—
to the Detroit
Trust
Co., as trustee, are described as follows:
Dated Sept. l, 1903, due $12,000 yearly Sept. 1, 1904-1908, Inclusive,
and $13,000 yearly 3ept. 1. 1909-1913, Inclusive, but subject to call as
a whole on any iuterest day at par and Interest, and 1 p. c. bonus for
each year the bonds have yet to run. Address W. A. Hawgood & Co.,
Perry-Payne Building, Cleveland.— V. 77, p. 2288.
at the annual meeting
Feb, 11 will vote on a proposition to increase the capital stock
and fix the amount of the increase. V. 76, p. 656.
—
Dominion Coal Co.—Dividend on Common Stock,—The
Tuesday declared a semi-annual dividend of 3 p.
stock, payable Jan. 1. The semi-annual
dividend of 4 p. o. on the preferred shares was declared last
week. F. L. Wanklyn has been elected a director to succeed
Bankruptcy of John S. MacLennan.— V. 77, p. 2342, 1396.
Worcester & Soathbrid^e Street Ey.
Dupont (E, I.) De Nemours Co.— See International SmokeFormer Treaturer. Frank D. Perry of Worcester, former
Treasurer of the company, has filed a petition in bankruptcy less Powder & Chemical Co. below.— V. 77, p. 2283.
in the United States District Court at Boston. He estimates
Da Pont International Powder Co.— See International
his liabilities at $962,652 and his assets at $42,297. Practically Smokeless Powder & Chemical Co. below.
the entire indebtedness was incurred through connection
Eastern Tube Co., ZanesTille, O.—Sale Feb. 10.— The forewith this compaDy's system, he having individually indorsed closure sale has been set for Feb.
10; upset price, $160,000.
notes aggregating $925,000 held by forty banks and individ1296,
V.
—
c.
on
its
common
—
Negotiations tor a reorganization of the street railway
company are pending, but thus far no agreement has been
reached regarding a settlement.— V. 77, pp. 1226, 770.
uals.
INDU8TK1AL. **AS AN«» "K1»CELLANE0PH.
Aetna Iron Munnfactaring, Mining & Oil Co.— Decision.
—The United States Circuit Court has decided
W.
directors on
in the suit of
77, p.
Edison Electric Illuminating Co. of Boston.— iVew Stock,
—The increase of the capital stock from $9,499,100 to $10,449,100 having been duly approved, stockholders of record on
Dec. 18 are entitled to subscribe for the 9,500 new shares at $200
per share to the extent of one new share for every ten held.
The right to subscribe expires Friday, Jan. 15, 1904. Subscriptions are payable 25 p. c. on Feb. 1 and 75 p, c, on May 3.
Interest at 4 p. c. per annum will l>e allowed on the first
payment from Feb. 1 to May 1, and in case the full subscription Is prepaid from Feb 1 to May 1 on the entire amount
paid in.— V. 77, p. 2283, 1228.
Hackensack Meadows Co.— .^et^ Control —Considerably
more than two-thirds of the company's $1,500,000 capital
stock has been acquired by a syndicate which has elected
tho following board of directors
Anson M. Bangs (Presideot Federal Contracting Co., succeeding
Hughes Bros. & Bangs), New York; James Hughes (Treasurpir Federal
and other bondholders that the guaranty of
the first mortgage bonds by the Nashville Chattanooga & St.
Louis RR. is binding. There were $160,000 of the bonds
maturing 1913 and bearing 8 p. o. interest; $100,000 of the
issue were guaranteed, principal and interest. The interest
was paid until Dec, 1902, and since that time the mortgage
has been foreclosed. The defendants have asked for a reargument.— V. 77, p. 770.
Am'^rican Brake Shop & Foundry Co. New President.
Contracting Co.), Cleveland, Ohio; FrederloK L. Kldrldge (Vice PresiOtis H. Cutler, formerly Vice-President and General Manager dent Knlcherbocker Trust Co.), Nbw York; Henry L. Bprague (Stetson
has been elected President to succeed W. D. Sargent. V. 76, Jennings
Russell). New York; P D. Underwood (President Erie
E. Roosevelt
—
—
RR
p. 6?)5.
American Cement Co.— Earnings. — The net earnings
of
the bubsidiarv companies for their fiscal year ended Nov. 30,
were $492,144, against $296,480 in 1901-02; sur1903,
plus of parent company for 19it3. after deducting fixed
cnarges and depreciation, about $375,000; dividends (8 p. c.)
$160,000; balance to credit of profit and loss, $315,000.— V. 77,
p. 252.
American Nickel Co.— Stock Offered.— This company
is of-
fering 40,000 shares (par $10) of its treasury stock at $5 per
share to provide the additional working capital required to
complete our melting and refining plants. Stock authorized,
An advertisement says:
$5,000,000.
No bonds, mortgages or Indebtedness. Owns at Nickel, Churchill
Co., Nevada: Four nickel mines, each 1,500 feet by 600, and a town
Bite of 23 acres.-V. 75, p.a92.
Atlantic Flour Mills Co., Phlladelpbla.— JudpfTOenf.—
President Samuel T. Kerr recently obtained a judgment
against the company for $178,850. The plant, which has
never been in operation, is to be sold under foreclosure in
January next to satisfy a mortgage held by Frank H, Lord
of this city, and on which there is due $419,388.
<te
New York;
New York;
Julius E. French (President Rallwav Steel Spring
Gen. Charles Miller (Stamlard Oil Co.), Franklyn,
H. SUverthorn (Vloe-Prealdent and General M;inager Railway
Steel Spring Co.), New York; Samuel R. Callaway (President American
Locomotive Co.), New York; Frank A. Bamaby, New York.
Hughes Bros.
Bangs, the Government contractors, who
have the contract for deepening the Bay Ridge channel, involving the removal of some millions of cubic yards therefrom, are transferring this material by scows to the New
Jersey shore and thence by pumps and long-distance distributing pipes to the meadows. The following, from the
).i
Co.),
Pa.; W.
&
"New York
Times," is pronounced correct
The lowest previous estimate of fliling In a square yard of the land
was 62 cents, but MesnrB. Hughes Si Bangs sta^e that they can All In
the land by their methods and machinery at 3^ cents a square yard.
Work was started last Xbursday to fill In about 3,000 acres,
which will be worth after completion, according to conservative estimates, about $5,000 an acre. Messrii. Hughes A Bangs figure on being
able to fill In about four acres per day, completing this part of the
work in about two and a-half years. The average grading of the land
will De about eight feet, bringing |lt to the level of the Pennsylvania
and other Important railroad lines which cross over the property.
No change in the capitalization is proposed. The company
aoouired the property subject to $1,499,000 of i}4 P- c- bonds.
—V.
76, p. 105.
—
Dec.
THE CHRONICLE.
20. 1903. J
Hamiltou-BroTra Shoe Co., St. Loul8.— Ouli^it^ — Thia
company, one of the largest makers and diatnbntera of
shoes in the world, reports ehipmenta for 1903 aggregating
18,449,254, against |7,030,144 in 1902, a gain of |1.419,110,
The directors (And officers) are:
A. D. Brown. Pref>t(1ent; W. F. MoElroy, Vlo« Pr<i«ldent; H. L. Brady,
Secretary; B. F. Hpeuoer, Treaeurer; Chaunooy Ladd, J. M. Sloan,
W. M. Sloan.— V. 7S, p. 105.
International Smokeless
Powder & Chemical Co.— Sale.—
sold its majority interest In this
company, conei-ting of ;f;5, 050,000 of the 19,000,000 common
and $100,000 of the ^1,000,000 pref. stock (8 p. c. cumulative)
to the Dn Pont International Powder Co. (an ally of the Du
PontDr* Nemours Co., V, 77, p. 1748), for |2,5ft5,000 of the
latter's $5,000,000 preferred stock and|;120.000 of its #1,000,000
collateral trust bonds. The exchange was "made on the
basis of one share of preferred (par |50) for |60 in face value
of bonds and $20 in face value of preferred stock; and one
share of common (par $50) for $35 faoe value in preferred
Arrangements nave been made by which the other
stock.
shareholders of the International Smokeless Powder
Chemical Co. can, on or before the Ist dav of March, 1904,
come in and exchange their holdings on the same basis of
exchange as that which the Marsden Co. obtained for its
The Marsden C!ompany has
&
holdings."
The Dn Pont International Powder Co. was incorporated
recently in Dalaware with $10,000,000 of authorized capital
stock (m $100 shares), of which $5,000,000 is preferred stock.
It will also authorize $1,000,000 of 5 per cent collateral trust
bonds. The preferred stock, it is said, is entitled to a dividend starting at 6 per cent and increasing yearly up to 8 per
cent, and always cumulative up to 5 per cent.
The Philadelphia "News Bureau" says that the $1,000,000
68 will be secured by the deposit of the preferred and common stocks of the International Smokeless Powder & Chemical Co. and 5,000 shares of the parent Du Pont Powder Co.
President Bucbner of the Marsden says:
The Marsden Company has gold S.OOO shares of the preferred stook
of the Du Font International Powder Co. (which U took In exchange)
for $400,000. By thlB arrangement the Maradeu Company has $400,000 available in cash, $'2,065,000 In preferred stock and $120,000 In
bonds of the new company, which will enable It to pay all Its debts,
retire Its preferred stock and have ample capital for the extension ot
Its bnslness.
As to the International Smokeless Powder Co.
68, p. 772; V. 70, p. 1098; V. 78, p. 869.
compare V.
—
1913, but Bubject to call at the company's option at any time
on or after Jan. 1, 1908, at a premium of 5 per cent and accrned Interest; coupon bonds of $1,000 each, with privilege of registration as
to principal, at the Colonial Trust Co., New York. The debentures
provide that any holder thereof may at any time before the redemption or maturity, convert the came into tne common stock on the
basis of an exchange at par, thereby entitling The holder ot each
$1,000 debentnre to receive ten shares of common stock therefor.
The di-buntures further provide that the company will not, so long as
mny of the debentures are outstanding, pledge, mortgage or hypothecate any of Irs lands, plants, factories, machinery or shares of stock of
other corporations held by it, without including in such mortgage
and subjacUng to the lien thereof, all the debentures of this issue
then outetandtng, nor without securing said debentures pari passu
with all other de'>ts and obligations that may be secured by such
1,
mortgage.
ThelHsuewas authorized
Improrements at the plant located In
Buifalo; at the other plants— the construction and equipment of a factory at Harrison, N. J for use of Henry R. Worthtngton, Incorporated (the common sKick ot which is owned, except as to 23 shares,
by this company). and Improvenoonts and additions to the works of the
Blake & Knowl^s Steam Pnmp Works, the common stock of which is
also owned by this company, this company having agreed to advance
for
,
the cost of paid improvements.
There has been actually expended for the purchase of land, permanent Improvements and machinery in connection with the constituent
plants, $2,733,675, vb.:
liaidlaw Dunn Gordon Co.,ClnClayton Air Compressor Co.. $16..S79
clnnatt. O
Snow Steam Pnmp Wks, Buffalo. N. Y
Dean Steam Pump Wns, HolMass
_yolce.
Holly Co., Lockport, N.
Y
$232,188
607,558
185,001
66.129
H«nry R.Worthlngton's pl'nts
Blake & Knowles, East Cambrldge. Mass
Henry R. Wonhington, Harrison, N.J
375,311
622,814
627,445
The improvements contemplated at the various plants, with the exception of the Harrison plaot, have been practically completed. The
amount necessary to be expended for the completion of this plant will
b*5 raised by the application of the current Income of the company so
far as the same Is sufficient. The board of directors will use as much
of the unUsued debentures of the par value of $1,000,000 for this
purpose as may prove necessary, or from time to time, as additional
working capital, if the business by reason of its increase justifies.
A recent isaue of the "Railway Age" of Chicago contained
a diagram and a general deseription of the great plant now
under construction for the Henry R. Worihlngton Co. at
Harrleon, N. J. This plant will emplov from 4,000 to 5,000
men, will coat about $2,000,000, and wi'l include main ma
chine shop (with side galleries) over 1,(06 feet long, erecting
shop 592 leet long, erecting shop 210 feet long, mam foundry
600 feet long, special foundry 410 feet long, power house,
Compare V. 76, p. 215.— V, 77, p. 2101, 145.
etc., etc.
Kanawha & Hocking Coal & Coke Co.—Listed.— The New
York Stock Exchange has listed $250,000 additional first
mortgage 50-year guaranteed 5 per cent sinking fund bonds
of 1951, issued on account of improvements and additions,
making the
total listed to date $3,000,000.
Earnings,— The earnings for the seven months ended Oct.
81, 1903, were: Gross earnings. 1878,006; exnenses and taxes,
$647,619; net earnings, $330,387; interest on bonds, $80,208;
net income, $150,178.— V. 75, p. 798.
Ax Mannfactarln^
Co., Alexandria, Ind.— Status.
reference to current newspaper reports, we are
officially informed that there has been no sale of this company's plant and that none is contemplated; neither has there
been any sale of the controlling interest in the stock. The
rumor originated entirely from the fact that some capitalists
from West Virginia visited this and other plants, and that
about the same tim« the Messrs. Kelly went to New York on
other business matters. The company was incorporated in
Indiana in June, 1901, as successor of the Kelly Ax Co.,
whose plant was burned on Aug. 19. 1900. Its capitalization
is $1,750,000 of common stock and $250,000 of 6 p. c. cumulative preferred stock; dividends payable semi-annually.
There is no bond issue. The plant ia said to have a daily capacity of 10,000 axes and 6,000 scythes and cradle blades.
Kelly
— With
Officers and directors:
President, '^VMMam O. Kelly; VloePreeldent. J. P. Kelly; Secretary,
Robert K. Thompson; Treasurer, Henry Eitel, Vice-President of the
Union Trust Co. of Indianapolis, and lieorgeT. Price.
Lincoln Real Estate & Baildlng Co., St. LoniB.— Bonds
OJJfeyed.-Tbe Lincoln Trust Co. of St. Louis, the mortgage
trustee, is offering at 107J^ and interest first mortgage 6 per
cent gold bonds, due April 1, 1923, subject to call at 105 and
A circular says:
interest after April 1, 1908.
Total authorized Issue, $300,000; denomination, $1,000; interest
payable April and October. These bonds are listed on the St. Louie
Stock ExohHuge. They are secured by a first mortgage on the modern
Ureproof ollice building situated on the southwest corner of Seventh
and Chestnut streets. St. Louis, which building was erected in 189h at
a cost of $600,000. Total net Income, after deducting sinking fund,
$45,000; interest on bonds, $18,000; surplus, $27,000.
Locomotive
& Machine
Co.,
HLontreal.— Negotiations.
—
The "Iron Age"
of Deo. 24 quotes Mr. Miller, one of the five
heavy stockholders in the company, as saying that the sudden
reversal of conditions In financial circles had left the company in a rather uncomfortable position as to ready cash, but
that a movement is on foot whereby the company will be
provided with increased capital. Payments on about $200,000
worth of equipment obtained in this country are stated to be
largely overdue.-V. 77, p. 1877, 513.
JHargden Company.— i9a/e.— See International Smokeless
Powder & Chemical Co. above.— V. 74, p. 1354.
Michigan Telephone Co.— Sale Confirmed.— Judge Swan
has confirmed the foreclosure sale and dismissed the petition
to set aside the sale and for granting a bill of review.—V. 77,
p. 1759, 952.
International Steam Pnmp Vo.— Debenture*— Further
Facts. The statement to the New York Stock Exchange In
connection with the listing of $2,500,000 of 10-year 6 per cent
debentures says in substance:
The authorized Isnne is $3,500,000; date, Jan. 1, 1903; maturity,
Jan.
2393
National Asphalt Co. Assessment.— Judge Kirkpatrick in
the United States Circuit Court in Newark on Dec. 22 signed
an order permitting Henry Tatnall, receiver of the National
Asphalt Co., to issue a call assessing the shareholders of the
Asphalt Company of America, of which he is also receiver,
for the 80 per cent ($24,000,000) not paid in on that company's $30,000,000 stock. The suit was instituted by the Land,
Title
Trust Co, of Philadelphia, trustee, under the $80,000,000 trust deed made in 1899 by the Asphalt Co. of America. Of the 600,000 shares of $50 each affected by the decision,
1,000 shares are owned by Harry C. Spinks, 598,852 by the
National Asphalt Co. of America and the remainder by nine
other persons. As the National Asphalt Co. is bankrupt, the
&
decree authorizes proceedings, if advised by counsel and upon
indemnification for costs, against any former stockholder
who may be liable.—V, 77, p. 199, 92.
National Steel
man &
& Wire Co.— Further Facts
—Devens,
Ly-
Co., 4 Post Office Square, Boston, Mass,, recently announced the prop)osed merger of this compa^iy and the Safety
Insulated Wire
Cable Co. (V. 77, p, 2162; V. 74, p. 888).
Following are descriptions of the companies controlled and
&
operated by the National
NATIONAL WEBB CORPOKATION OP NEW HAVEN. CONN.
Owns 40 acres tide-water front with docking facilities for ocean
freighters, delivering Incoming freight at present amounting to some
400 tone of steel and coal per day. Seven modern rolling and wire
mills; present capacity over 600,000 pounds of finished material per
:
day, consisting of wire rods, nails, rope, annealed, galvanized, tinned
and ooppsr wire, field fencing and all wire products consiimed by the
trade in the Immediate vicinity. Mills are running night and day, and
have on hand large contracts with some of the most Important consumers in the country, at profitable prices. (V. 75, p. 606.)
NATIONAL STEEL FOONDEY COMPANY OF NEW HAVEN, CONN.
Approaching completion; consists of steel-castings plant with all
modern appliances, occupying a site of about 10 acres of tide-water
front lmmedlat«ly afijournlng the National Wire Corporation, from
which the Foundry will derive a large part of its raw material, consisting of scrap steel at present sold as waste material. The Foundry has
very Important business booked, and expects to start with a daily
capacity of 3d tons shortly after Jan. 1, 1904. The management consists of Influential and representative Xew Haven business men.
KALR FENCE CO. AND UNION FENCE CO., BOTH OF DE KALB, ILL.
KANSAS 8TBBL & WIRE WORKS OF KANSAS CITY, MO.
Manufacturers of standard brands of field, railroad, poultry and
other wire fencing, these companies own Important and valuable
patents, covering wire specialties; their plants have been in operation
many years, having some 15,000 customer-*, including 8,000 exclusive
agencies. The Kansas Steel & Wire Works does an important warehousing business in handling the products of the DeKalb and Union
companies. This Middle West department of the National Steel &
Wire Co. alone earned for the year ending July 1, 1903, more than
enough to pay dividends on its entire issue of preferred stock.
PACIFIC STEEL WIRE CO.
Plant located at Oakland, Cal. Offices and warehouse at Ban Franciioo. Owns 26 acres tidewater frontage. Entirely new mills and
machinery. Electric power. Manufactures wire rope, springs, bale
ties and all varieties or field fencing.
The subsidiary oompunies were formed and taken over in accordance with a plan to build up-to-date plants to manufacture, at locations favored by low freight rates and tide- water facilities, those wire
products in demand in the immediate vicinity of the plants, thus
making an immense saving in freights. The results have been most
DB
<fc
gratifying.
THE CHRONICLE.
2394
The incorporation of each of the snbaidiary companies and
also their capitalization and the amonnt thereof owned by
Wire Co, appear from the following,
the National Steel
the issned stocks b«ins: in all cases full p>i,id:
&
Ineorp-
Slock
Authoriaed. Isfued.
Owned. Bonds.
Nftt. Wire Corp... C^nu.. 1900 $1,00 1.000 $1,000,000 fSll.OOO |i<7,000
1903
300.000
300.000
None
x
Nat. Stoel Fonnd Me
None
mton Fence Oo.Mrt., 1902 1.000.000 l.OOO.OOO All
1,000.000 1,000,000
AU
None
p.- Kalb Fenoero.Me.,
2-.0.000
AU
None
KaDB»s S.AW. W. Me.. 1903
500.000
337,500
All
Paolfloe.&W.OJ..Me.. 1902
None
X Under contraot to be tamed over to National Steel & Wire Oo. on
Feb. 1. 1904.
Name.
.
,
oration.
,
&
The
directors of the National Steel
Wire Co. are:
Everett B. Webster (Prealdent), E F. ShelUberRer (Vice-President),
H. Sanborn Smith (Vioe-Preeldenr). E. R Hastlns;*, of Devens. Lyman
&
ai^ents for John .'Vlanroe <fe Oo ; H. L. Horohklss, President L.
& Oo.; H. E Huutlncton, Sonthern Paoltlo Oompany; C. J.
Haeklnson. repre<>eiitlni{ En(i;ll.-*h shareholders; M*rk L. Reqaa, PresiWire Oo.; B. M. WUltlook, President Safety Insadent Paeltlo Steel
Ci»..
Ciindee
&
[Vol. lxxvii.
Standard Rope & Tirlne Co.— Contraet, Etc.— The company has recently contracted to furnish the International
Harvester Co. with a large amount of bind* r twine.
Award.— Under the final award for damages to the Wall
Cordage Co. property in Brooklyn in street condemnation
proceedings, the Standard is to receive $165,000 with three
years' interest, the latter, it is estimated, about offsetting
the assessments for the street improvement.
Resignation of Dtrecfors.— Senator John Kean of New
Jersey and Col. William Barbour have resigned as direc-
tors.—V. 77, p. 187?, 774.
Strnctural Steel Car Co.— SoZd
This company's plant
has been sold by Trustee Johnson under order of court to the
Ajax Manufacturing Co. of Cleveland for $73,000.— V. 77, *^
p.
—
404, 93.
.
Terminal BK. Association of St. LoalB.—Neiv General
Manager.— A, Robertson, manager of the Western Maryland and West Virginia Central & Pittsburgh Railroad Companies, has been appointed General Manager of the Terminal
& Cable Co.
The Safety Company was organized 15 years ago, and in
addition to rnbbercovered wires and cables for tbe leading Association, effective Jan. 1.— V. 77, p. 2340.
traction, electric light, power, telegraph and telephone comTexas (The) Company, Beaumont, Tex.—iVetc Stock.—
panies it makes a specialty of snbmarine cables. Its new Dividends. — At a meeting in Beaummt,
Tex., on Nov. 24,
{»lant. completed in November, 1902, is located on 13 acres of
the authorized issue of capital stock was increased from
and at Bayonne, N. J., and consists of 13 baildings. 10 of $3,000,000 to $6,000,000. A quarterly dividend of
3 p. c. was
Which are of brick and iron construction, the two
l»ted Wire
largest
being over 500 feet long (V. 74, p. 888). -V. 77, p. 2161, 952.
National Wire Corporation.— See National Steel & Wire
Co. above.— V. 75, p. 006.
North American Fisheries Co.— Ordered Sold.— Judge
Hanford of the Federal Court has entered an order authorizing the receivers to dispose of the property at sale on four
weeks' notice.— V. 77, p. IBO. 92.
Northern ConBOlidated Holding Co Toronto, Can.— incorporated. This company was recently incorporated nnder
an order-in-council of the Ontario Q-overnment.
Ontario Power Co.— iVew Manager.- Gen. Francis V.
Greene when he retires as Police Commissioner of New York
City on Jan. 1 will move to Buffalo to take charge of the
Ontario Power Co., whose plant is under construction on the
Canadian side of Niagara Falls.- V. 76, p. 106.
Pacifle Steel & Wire Co.— See National Steel & Wire Co.
above.
Page Woven Wire Fence Co.— Oiher Fence Companies.
See National Steel * Wire Co. above.- V. 76, p. 386.
Peace River Phosphate Mining Co.~Called Bonds.—
Eleven 6 per cent first mortgage consolidated gold bonds,
dated March 16, 1895, viz.: Nos. 18, 27, 39, 98, 98, 1C8, 223,
267, 863, 433, 434, have been drawn for redemption, and will
be paid at 105 and accrued interest to Jan. 1, 1904, at the
New York Security & Trust Co., New York City, on Jan.
,
—
—
2, 1904.
Penn Tan (N. Y.) Telephone Co.— Mortgage.— A first mortgage has been made to ttbe Chemung County Trust Co. of
Elmira, N. Y., as trustee, to secure $50,000 of 6 p. c. 30-year
gold bonds, subject to call after five years at 105 and interest;
issue limited to |75 per telephone installed; now outstariding,
$16,000.
Pennsjlvanlft & New fork (Bell) Telephone & Telegraph
Purchasf. The shareiiolders recently ratified the purcha.'^e of the Coudersport (Pa.) Telephone Co.
Pittsburgh Coal Co.— Fundiig Floating Debt.-The
"PitteburgD Despatch" on Dec. 23 said
—
Co.
:
no omelal ground for the revival of the street reports
that the oompany baa cnanoed Its floating debt, there te basis for the
statement that good proKresa In the Dlaaa to that end has been made.
The plans are said to have been faollltatert by two deveiopsients— one
the favorable stale of the Eastern money market outlook and the other
the entrance Into the oomtiany, and therefore the a'slstanoe tor it. of
Important Pltt^bur^h nnanclal Interests. Atnosg the rumors on Fourth
Avenue was one thdt a $24,000,000 bond i.jsud had baen arranged for
In Hew York, but of this there Is authoritative denial. It is understood that the amount of the bond IsHue will not ezoeod $20,000,000,
and that this will take care of the floating debt Incarred In the aoqnlrement of the company's commanding holdings of coal lands, and
theexlAtlng short-term bonds, aoaountlug to some $5,000,000, and
also t)rovlde a comfortable amount of working capital. It Is also said
that. Irrespective of the progress made with the bond Issue arrangements, the preferred dividend has never been endangered.— V. 77, p.
While there
2343,
Is
203!:>.
Quaker Oata Co.— On Chicago Unlisted.—The
$4,000,000
com men
acock and |8,000,000 preferred stock have been
placed on the unlisted list of the Chicago Stock Exchange.
—V.
76, p. 592.
Safety Insniatetl Wire & Cable Co., Bayonne, N. J.— See
National Steel & Wire Co. above.— V. 77, p. 2162.
San Francisco Gaslight Co.— Final Distribution.—This
company was organized in 1896 at the time of the consolidation of the San Francisco Gas Co. and the Edison Light &
Power Co. to take over certain real estate b'^longing to the
San Francisco Gas Co., its 100,000 shares of |3 each being
dlstribnted, share for share, to tne stockholders of that corporation. The assets have all been sold and a final distribution of |3 85 per share is announced payable Jan. 4.
Former
distributions are said to have been made as follows: In
January, 1901, 36c; September, 1902, 36o.; January. 1908,
90c.; June, 1903, $150, making, with the present $3 35, a
total of |6 47 per share.
Spring Valley Coal Co.— Called Bond*.- Twenty first
mortgage 5 p. c. gold bonds of 1889 will be paid at the New
York Security
Trust Co. at 102}^ ex-Jan. 1, 1904, coupon,
on and after Jan. 2. 1904, Interest ceasing that day. V. 75,
p. 1403; V. 71, p. 1278; V. 89, p. 82; V. 18, p. 405.
&
—
paid Dec. 15; this follows a distribution of 10 p. c. declared
The company was incorporated in Texas on
April 7, 1902. Stock is all of one class, par of shares $100; no
bonds. The directors are:
J 8. Cullinan, President, Beaumont; Arnold Bohlaet, 8 Bridge St.
N. Y. City. Vioe-Prea.; T. J. Donohue. Treas.; Fred. W. Freeman, Seo'y!
John W. Gates of Chicago; James Hopkins of St. Louis; L H. Lapham
ol New York; W. B. Sharpe of Dallas
A statement officially revised for the Chronicle says:
This company owns In fee 840 acres in the Sour Lake (Tex.) Oil
Field; more than 2,000,000 barrels of steel tankage; 100 miles of pipe
in April last.
touching all productive fields of Southeast Texas: retlnery at Port
Arthur; tank steamers and complete equipment. Paid 5 p. c. In May
and 5 p. o In June. Annual report shows surplus on Nov. 1 of more
than $600,009.
line,
United Box Board & Paper Co.—Earninga, Etc.— We
have confirmed the statement that the net earnings for
October were 109,000, contrasting with $93,000 in September.
The annual report for the calendar year 1903 (which will also
be the fiscal year) is expected to show about 5 p. 0. earned
on the preferred stock. Most of the mills were recently shut
down for two weeks of cleaning and inventory taking. The
$1,000,000 furnished to the company by Mr. Barber and hia
associates was in the shape of a loan on collateral,
A description of the collateral is not obtainable. The common
stock issued has been increased within the year from
(out of
$14,018,500 authorized)
to $14,771,459 (out of
$14,948 900 authorized). The $1,000,000 new cash has enabled the company to extinguish its floating debt and to
provide for the payment of the $350,000 bonds due Jan.
$13,694,329
to
$13,896,433
and the preferred from $11,750,582
1.
The Paper Products Co formally began business on Deo.
New York offices being in the Whitehall Building.
10, its
V. 77, p. 1879, 827.
United Electric Light & Power Co. of Baltimore.—-4. N.
Brady Interested.— Anthony N. Brady of New York, and associates have purchased a large but not a controlling interest in
the $2,000,000 common stock, and will take an active pare in
the management. "The number of successful lighting plants
with which these gentlemen are identified gives them advantages in the lighting field possessed by few."
syndicate
headed by the Continent"! Trust Co. of Baltimore purchased
last January from the United Railways
Electric Co. the
paid $2,000,000 common stock and also the bonds of the Mount
Washington Electric Light & Power Co. for $904,237. Besides the $3,000,000 common stock, the United Electric Light
& Power Co, has outstanding (compare V. 69, p. 1246, 1104;
V. 88, p. 929,280):
Preferred slock, 5 p. c cumulative, par of shares $50, total
authorlz'-d issue $1.000,000
$700,000
A
&
First consolidated mortgage 4 is p. 0. gold bonds, dated May 1,
189c*, and due May i, 1929, Interest payable May 1 and
Nov. 1 at oflioe of Alexander Brown & Sons, Baltimore,
3,26.'i,000
tocal authorized Issue $4,500,000
Underlying bonds
265,900
This transaction will result in the dissolution of the nyndicate.
The trust company will become the owner of considsiderablo stock and, with other Baltimore interests, will hold
a controlling interest. Mr. Brady and his associates will
be given four representatives on the board of directors,
The present directors
there being now five vacancies.
are S. Davies Warfield,
T. Dixon, Thomas J. Hayward,
Francis E. Waters, W. A. Marburg, Joseph W. Jenkins and
Charles Adler. The Executive Committee will be increased
from five to seven and Mr. Brady will become a member. It
is said that the next step will be the completion of the
Wm,
Sueqaehanna River power development, electricity generated
by a water-power plant of 40,000 horse-power capacity to be
transmitted to Baltimore, there replacing the electricity now
obtained with steam-power dynamos, Dividends at the rate
of 5 p. c. per annum are paid on the preferred stock; none as
yet on the common. President, F. C. Dreyer; Secretary and
Treasurer, W. S. Symington.— V. 76, p. 163.
United Sheet & Tin Plate Co —.Receiwer. -Cyrus Hullng
of Columbus has been appointed receiver for this recent conThe plants were attached on Oct. 16 in a suit for
solidation.
$15,000. See V. 77, p. 827, 774.
£^ InTcstmcnt
Neira Oonclnded on Pace 2396.
2
Dec.
1
THE CHRONICLE.
2G, 1903.J
ABSTRACT FRO^t REPORTS OF THE NATIONAL BANKS
1903
Capital
4l
Loans
it
(lliCl'lJ
*
2,751,873
$
SI
Maino
r
Xew
•a
56
48
Hauii)shir6
s Veriuout
e
Bo.-itoii
"S
Massaehiisott.s, other
c
»
Klioito I.slauil
Connecticut
Total Divii^ion
New York City
1
r
10.141.000
5,355.000
6, 4
(•>(>,
l?ii
30,300,000
197
35
37,5S7,50i'
11
1.619.581
14,214.000
14.5o7.950
3,711.312
:'.o.-,.L\-io
Gold and
Gold Cl'n 11
Treiimini
Certificates
Certificates
25,572, 109
5ii0.64.">
13,650,008
11. 932.270
129,812,106
1. "•.27. 543
9:l.57".641
-'ii.7(!5, 170
17.
i9oa.
i
Silver
(.iold
Treit^urii
Vertiflcai's
miver
Legal
Tender
Notes
d,
1*
If
1,6SS,--J0
(too
nix-
Overdrajtsi
ether
Indii'iilual
TO THE COMPTROLLER NOV.
M.\1)E
,\)l(|lt,s'
Dfjioi its
Surplus
2395
29,370.675
13,674.768
1,197.550
441.992
13.045.7<.15
415,26(1
110,000
81,440
53.540
1.031,941
6.751.612
4,280,460
]62.2'17.367
112.820. 1.'4
4.997,235
6,5,82,510
2,.sOO,922
20-:,-9'i
'.'7.'ii»l."27
.133,3(V1
474.300
207.170
138,(123
1U,74 6
185,:!23
200,2 .0
81,976
110,272
259,581
650.279
83.575
3,796,OS.;
1,J1 1,5-0
301 .795
432,593
328,37.'i
2(i9,353
4,!'26,400
2,732,750
550,23(1
i,;i:-:!,->oi5
No 1
« AUiany
Brooklyn
2 New York, other
531
1-.
.
42
Ili5,il5o,o0(>
4
1,250,000
•9
312
loO
34
76,035,000
1,390,000
1 ,950.000
1,352.00''
33, 987. SK>
4ol.3S.),-'i»6
3y,2.'i>,957
595,S5i).i>'"l
7.812,720
429,456
200,859
14.572.212
11.850.775
3,589,549
1.416,646
5.1S2,667
146,l';7.3.-.8
13,1.59.504
164.475.375
89,421.323
122,IJ4.033
24,025.000
31 20,0110.000 23.455.000
81.740,266
551 o'J.lJil, '56 J6,573,146 251.660.210
othir.
1,112 253.794.70C. 191.341. Jo.' 1,181.778,696
Tot.-U Division No
[
•-',218.985
23
7.268,936
1.290.676
riol.iwiiro
32,130,127
19 12.403,200
6,523.600
Baltimore
20,718.236
OS
4.050.500
2,525.344
« Marylaiul, other
11
19,341,784
2,597.200
8, 5 2 5, ("00
^ Wa.^liinstou
1
252.000
150.000
1,298,563
other
Colmubia,
Dist
2
71
33,248,020
7,137..500
3,475,783
g Vlriruiia
23.349.827
68
5.528.500
1.9S6.244
West Virgin 111
137.;!58.493
Total Division No 3 2tll 3,5.715,74.". 18.548,847
B New .Terscjr
^ Philailt'lphm
5 Pitt.^tuu-irh
S Peun.sylVivnia,
15.82(;,354
17,523.000
21,905,000
12.(>S(>,750
61,442.172
275,168
318.524
3,577,683
1,175,173
65.274.:i30
3.(3.000
.523.900
779.3-5
53.158
2,214,770
93S,596
475.92;!
211.044.579
2,801,120
7,111.535
6(>;259,7<i5 1.815.468.836
8 1.338.547
49,576
7,134.590
14.8.'.'45
39.3.80
2,473,95il
S''7.615
45,.855,481
823, 1 39
2,121.690
183,740
1,877.280
.3.692.264
142,518.72:!
111.016,95C.
6.522.367
7.274, I7'
422,185
81,345
19,176,456
16,083,627
1,259,550
30.370.339
22,888.520
148,768.563
3,608,478
4,212"t)Y3
l,33(i,lS6
1
12.567.827
34.
HO
2.843.11
1
1,437,024
1,509.630
3.772.220
749.758
1.385,(1-.
;i
,
138.70
110,927
81,945
3,576
1
230.390
234.190
4.769.970
298 228
94.510
66,540
53,000
105.070
47,100
416,610
93.580
890.530
144.640
666,050
393,100
1,122,440
52,220
241,500
217,300
418.280
2,820
5,025,320
15.5.387
3,(567,911
.().59
188,120
1,370,640
296.820
521,34(>
777.931!
274,639
9.640
1,488,229
591,920
4,444,540
19.429
401,571
245.493
3.680,569
179.688
894.085
14
Ifs7.085
1.74>,l,229
4.945,..
81.(11
:,
39,367,408
889,587
723,361
2.387.154
2,958.286
3,514,710
5, 84 6, .800
60,365,217
3.45;i,926
• -^••.550
474.:!59
80,30(1
626.798
706.959
76,000
562,958
.S8,874
725,620
5,710,970
4,056,010
2,288.580
81.127.780
82.441,522
ll,-i.S2,3.'.l
1
42
23
Georiria, other
47
Florida
21
Alabama
44
21
3,610,000
2,870,500
750,000
5,023.000
2,135,000
4.44S,300
2,280,000
6
2,400,(!00
26
6
4
l,764,3oO
1.450.000
1,050.000
367
25,804.30(1
16
1,470.000
North Carolina
South Carolina
Savannah
Mississippi
1
NewDrleans
i
Louisiana, other
1
Houston
;
E
«\
Iialla.s
Texa.s, other
3
Arkansas
r
:
61
1
Total Division No 4
790
Cincinnati ...........
Cleveland
Coluinhus ............
Ohio, other
13
13
6
298
7
158
Indiana, other
Chica-jTo
Illinois,
i
i
12
297
other
5
Detroit
5
82
Michigan, other
i.
Milwaukee
'
6
Wisconsin, other
Total Division No 5
Des Moines
998
6
St Paul
Minneapolis
MiuuesotJi, other
Cedar Rapids
r
101
5
180
3
4
.........
3
Iowa, other..........
St Louis
,
248
1
Kansas City
St Joseph
Missouri, other
§
I
6
3
68
74
59
North Dakota
South Dakota
;
•
3
7
Lincoln
Omaha
Nebraska, other
Kansas City, Kan...
Wichita
Kansas, other
Total Division No 6
129
2
4
143
954
3
^
40,133,949
48.137.967
11,806,741
122.682,161
17,177,176
54,866,024
174,247.166
103,073,809
17,138,555
47,301,403
27,693,621
42,857,208
707.775,788
1,086,000
1,670,000
1,533,033
145,000
16,417,027
15,441,247
41,003,164
1,390,335
2,885,856
1,795,251
57,078,585
1,337,731
15,403,314
21,655,575
39,089,018
2,623.695
5,119,046
2,011,898
63,570,099
83,602,661
35,787,704
6,159,120
16,757,223
12,561,518
9,844,456
3,066,522
1
1
Hawaii
2
525. OOU
136
23
23,012.500
Wyoming
.............
S
Denver
J
Colorado, other
985.000
5
2,500,000
3,207,500
1,191,800
3,312,000
4,065,100
875,000
1,100,000
620,000
605,000
21,061, 40<
20
87
9,0
1'9
4
S Arizona
Total Division No 8
Total for TJ S
10
11
3:;6
432,545
850,000
87,500
49(5,251
100,000
2,943,062
6,817,314
1,903,104
235,603
600,000
4a762,415
26,783,104
4,738,716
18,692,893
13,725,980
11,271,373
2,701,622
14,558,176
26,235,818
2,337,037
2,809,129
36,894,732
345.522,460
441,294
287.853
159,000
595,000
1,664,950
270,000
96,000
1,563,11(
26,282,493
810,000
1,432,700
23,000
2,500
61,500
7,813,345
32,278,586
8,600,232
10,627,433
23,017 400
23,148,450
26,'; 57,889
548,348
187,541
832,019
125,997,898
664,000
188,900
750,000
919,873
208,220
15,498,915
5,411,582
28,391,908
28,451,481
5,605,188
.121,257
ll,574,56t:)
682,840
24s, 192
332,500
132,500
133,385
7,558.246
6,745,592
5,029,192
3,370,378
3,351,241
120,988,289
1,161,875
200,000
383,270
3,738,501
2,600,000
16
61
h Idaho
g Salt Lake City
S Utah, other
260,000
6,740,000
1,200,000
500,000
8.315.340
82,291.140
Alaska
6,04(>,170
113,500
3,551,403
10,350,000
1,255.500
175,000
1,065,850
3,2511,000
9
w Oklahoma
» Indian Territory
(
4,000,000
4.450,000
8,503.600
300,000
800,000
600,000
15,045,000
15,600,000
2,650,000
550,000
4,266.000
2,826.200
2,295,000
400.000
1
Montana
f
4,581,(167
250,000
353,251
109,684
1,068,184
650,000
50,000
200,000
1,534,220
20,018.449
1.900,421
1,079,566
74,999
389,021
6,190,79V
400,082
TOTALS
Foe Eeserve
1
1
$
162
15
9
g Due from banks
fa Cleari'srH esch
g Nat bank notes
S Gold
» Silver
a Legal tenders..
Other resources
Totals
f
Capital
g Surplus
.
.
~ L'ndivid profits
2 Circiaation
2 Due to banks..
Due depo.sitors.
j Other liabilities
ej
[
Totals
3,320.8(;i
3,396.490
11,967,806
432,287
73.500
197,652
731,053
52,537
544,799
3,585,580
58.5,970
98.853
174,259
81,313
807,645
103,384
514,097
10,456,730
1,361,650
121,990
342,610
797,100
583,530
19,487,820
342,1115
4,!»75.i;57
17,0,53,760
723,008
71,894
290,931
142,228
277,125
3,626,842
835,7(J4
2,831,545
1,582,500
764,620
300,060
781,060
1,810,000
465,700
785,720
358,820
10^,000
150,500
1,276,660
728,7(!0
1,536,035
124,590
173,438
150.987
1,720,612
2,341.645
1,240,560
5,000
431,590
10,195,310
1,211,970
41,430
134,700
112,140
117,680
42(1,725
519.885
272,395
38.5,880
97,420
1,144,682
780,350
352,435
96,345
1,289,899
14,653,303
1,020
274,000
113.710
45,000
90,000
244,180
14,946,470
3,(;92,852
3,271,310
2,011,480
21,646
22,865
370,585
14,634,583
78,914
30,361
247,345
176,194
33,490
22,024
285,622
2,507.643
190,726
48,800
111,410
314,951
117,162
211,111
177,963
14.737
26,351
111,558
174,143
62,336
2,898
1,362
45,348
1,043,768
"255
88.(341
77,440
240
2,144,940
869,925
232,965
2,721,845
1,328,746
155.677
293,879
194,549
354,830
674,711
281, 83C
236,69(
21,920
174.82!;
73,32(
1,.301. 981
269,650
34,27(
142,<>9C
98,22C
33,62C
47,48(
3,52C
959,671
4,306,276
1,486,232
1,987,928
786,534
1,287,547:
1,027,947
1,140,410
38,243,4421
687,67Gi
852,02*
742,271
39,000
162,870
42,310
1,621,329
2,260,844
481,880
304. 6661
556,7461
551,723j
312,785
197,11§
1,908,137
649,435i
371,358:
85,684,
980,167;
12,808.0191
284,2871,
38,84lJ
73,311'
64,567'
228,907
217,863
2,990
180
910,946
444,823
211
567,554
40,705
16,051
291,773
203,766
24,117
106,847
44,178
117,685
195,103
64.26r
165,851
131,534
32,74C
55,749
32,073
28,745
974.771
341,2()(
7.2-<3,78t
1,795,2.32
354.797
128.468
136,845
99,408
91,079
640
380,613
101,131
4,513
12,000
275,766
4,436,504
298, 63(
"iMO
204.268
70,840
288,702
30,276
39,325
19.000
397,541
189,896
90.919
259,047
29,797
39,450
12,597
432,025
92,066
193,453
46,626
159,156
151,230
5,000
30,630
1,580,730
2,436,403
1.972,940
834,502
26,833
359.954
96,400
273.940
8,600,406
1,790,0110
84,241
1,766,2001
765,430
182,388
111,251
489,595;
264,232!
34,21(3
133,394
10,801
2,737
13,70g
99,50(>
14,0581
14(»,90tj
890,02.''
78,30r
4,322.168
48
1
109
2
11
127
5
'?
71 10
13
4
1
1
18
2
28
59
14
2
2
s
1
4(i
1
16 2 22
5 1 2
13
17
18
13
4
V
7
3
2
4
2
1 --
4
1
7
$
1(
2
..
40 48
8
15
1
6
9
6
2
6
10
2
3
6
11
4
8
2
._
.. ....
1
1
'i
13
4
3
1
1
1
2
..
9
8
271 l,li-2 30 22;290 187
30 106 1 1 •>o ''0
14
76 1 2 24 23
39 .
8
1
4
7
7
46 1 1 12
9
403 18 4 100 37
71
134 491 8 13 127 85
7
21 J -.
1
6
271 1,182 30 22 290 187
'
1
•2
i
1
1
1
3
3
a
2
s
3 10
1
4
2
83
:f3
^'>
7
l\
1
"3
2
4
1
20
35 23
1
3
1
1
1
1
1
37 14 14 33
3
1
5
2
1
1
1
1
1
3
3
8
7
14
1
3
'i
1
8
19
3
•
••
83)33 3 37 14 14 33
62
10
1
1
3
19
4
2
1
1
'i
'i
17
1
2
79 73 21 42
10 T* 'i ^
31.9
4
5
'>6
..J
1
28 15 2V
3
2
3
5
1
•;
1
I4
17
7
1
7
6
6 1
1
1
2
__
2
2
2
•• •-
1
1
22
36
6
4
6
16
1
3
1
-
13
2
2
1
'1
'i
1
'i
1
16 4 3
1 1 1
*,»
1
2 1
1
/|
4
(f
I
2
1
16
3
9
18 19 4 11 128 8 8 6
2 4 i 48
36 28 13 0., 131 13 28 18 16 1 3 '> 56
4
1
1
1
1 ..
..
6
79 73 21 42 309 28 45 31 35 4 8 4 152
1
1
n
3
3
3
3
2
8
7
2
1
5
4
1
3
1
1
i
i
2
6 17 54 36
1
1
s
4
1
1
$
S
s
$
$
4 1,762 1,714 3,476
4
252 32(1 572
9
241
275 516
10 2
440 394 834
1
172
7
17»
261
8
18
235
71
3 1
306
41
31
72
93
2
49
142
1
78 101
179
46 "9 3,322 2,980;6.3l)2
S 1
320 43 s 758
1
206 170 376
89 100 189
1
»>
1
136 24'.i
370
1
.')
1
1
'
2
1
7
1
"8
1
28 18
2
2
1
1
..
1
1
3
2
1
--
69 11 5 30
11
1
1
i
V
,,
1
2
8 4 152
i
1
28 45 31 35
1
1
..
2
1
1
5_:'
5
CO
1
2
'i
1
4
2
1
1
«
g
II
1
S
,.
1
1
2
5
1
s
So
10
5
4
13
6
4
1
"I
5
1
"i
$
12 17 174 IV
1
5
6 2
3 3 13 I
1
>i
8
05
s
e
1
$
1
12
39
32
05
r4
1
$
$
$
8
$«
CO
t1i
5
s
1
~(
$
$ $ $
596 15 12 143
97
98
^
a.
i
1
.0
MillioTis
Stocks, etc
s
1
g
so
•5
03
OB
S
s
•I
;2
s
2,
e
Cities, Etc.
1
274,465-
3,933,286
178,837
>
03
Loans
U S Bonds
15i;.9li,S
777,'.).88
8(>5,109
4,054,711
1,147,195
2,699,519
8,831,843
3,127,181
1,021,930
1,872,677
1,503,805
1,583,871
29,203.748
13,623,190
4,823,514
15,151,372
16,948,213
4,526,802
10,860,442
10,252,331
4,490,531
4,040,371
2,493,537
2,414,00t
89,624,31c
148,640
1,191,224
642,034
251,379
330,000
44,654
202,774
599,005
93,15a
lOO.OOt
4,002,951
(186,S34
562,330
1,222,802
507,333
25,394,785
6.860,947
7.358,433
28,479,628
18,182,737
22,032,443
741,061
92,645
1,167,894
110,310,573
150,000
1,631,201
499,906
465,685
27,521
512,828
148.794
159,127
102,589
977,483
93,977
74.021
164,122
82,012
57,960
1,074.154
56,613
91.139
177,611
318,138
35,225
5,000
2,12.5,095
27,586,816
3.963,691
2.986,156
33,438,754
400,894,475
17.90(1
285,865
172,440
278,701
135,578
439,470
367,495
54,511
838,753
420,265
858,518
330,160
141,217
337,734
728,588
1.5,667,209
107,197
155.994
15,523
271,010
59,714
280,782
143.962
5,118 |758,3; 5,170 375,503,10-. 3,176,201,573 |lu2,512,!58C '3,476,484,58-. 170,547,255 135,75().(i6l 1S.907,96S 53,084,545 142,325,352
,.
In
82,492,(139
3,810,335
1,807,797
575,290
3,994,346
3,738,313
2,712,037
1,910,168
4,661,251
917,495
1,487,338
1,244,438
1,199,980
28.058,788
48
Total Division No 7
305.463
155,705
1,770,523
87,240
546,055
745,896
611,889
15,705
5,647,994
15,304,014
7
other
65,751
31,924,997
25,913,684
12,590,597
126.268.956
18,130.356
66.388,027
129,419,533
112,719,863
12,267,893
53,037,766
27,058,343
61,919,102
667,639,117
Nevada
J California,
7(>4,719
498.045
350.000
637.879
253,000
100.000
623.800
1,449,343
101,510
3,212,122
2,328,283
1,849,635
26.789.150
3
Oregon other
San Francisco
Los Angeles
12(i,559
1,429,492
10,200,000
4,205,000
3,588,000
11,900,000
885,000
2,400,000
9,^0^,072
29.251,219
4.300,000
1,560,000
4,254,405
13,834,100
25,600,000 13,025,000
8,561,725
21,948.000
1,014,000
4,100,000
8,430,000
2,768,538
1,345,000
4.550,000
2,320.344
8.389.000
144.902,319 1,53,335,084
31
,
)
6,850,343
6,823,103
74,374,667
316,232
110,313
3.500
207.312
143.008
287.378
88.694
127.330
14.315,940
10,534.710
2,152.249
21,413,611
8.297,905
15.473.079
8.7J5,054
21.723.397
10,393.697
8,329,713
7,375,425
1,040.722
538,905
10,437,334
23,788,048
31,479,180
133,220
261,193,860
3,495,000
1,050,000
1,517.500
7,500,000
3,960,000
4,833,000
82,000
50,000
Portland
900,000
1.118,000
7,054,078
482,945
1,852,500
2.401,763
2.048.600
833,886
l,l;:6,6;8
9,139,950
7,366,040
100.000
76.306.450
34
Washington
f
S,30'^.551
225.000
1,900,151
4,615.(100
96
823, -.'OO
701,8s;i
6,681,986
] 5,605.911
27,714.733
34,634,817
41,476
295,925,802
Louisville
Kentucky, other
Tennessee
Porto Kico
707,500
3,390,000
11,858.875
8.620,220
723.209
18,226,948
9.585.175
17,9S4,010
7,857,022
18,097,785
1,213,000
1
1
1
1
1
31
4 2
9 2
29
i>
3 15 2
1
n
4 12
1
4
1
1
3
3
9 1 1,028
I.:6'l,164
3 10 24 24 30 6 1,485 1,854 !3,339
58
421 100
..
69 11 5 30 8 « 17 54 36 46 9 3,322!2,980i6,3021
2
THE CHRONICLE.
239G
United States LocomotlTe Corporation, Hammond, lod.
Sold.— ThiB company's property, which was recently sold at
receiver's sale to Gostlin, Turner & Meyn of Hammond for
a snm stated to be |42,500, is reported to have been purchased
by the Fltzhugb, Luther Co., with offices in the Monadnock
Vol. Lxxvii.
I
COMMERCIAL EPITOME.
Block, Chicago.
Thursday Night. Dec.
24, 1908,
&
Constraetlon Co.— A'etu Trinity
Holiday dulness has been experienced in most lines of
Building. The new Trinity Building is to be owned by a
merchandise. Jobbers and dealers, as a rule, have been
Bubeiiiary company known as the One Hundred & Eleven
Broadway Co., which was incorporated recently at Albany. giving their attention to taking their customary inventory at
A picture and a description of tbe proposed structure were this season of the year of stocks on hand consequently
in the ''New York Times" of Dec. 80.— V. 77, p. 2843, 3163.
they have temporarily withdrawn as buyers, especially for
United States Reduction & Relinlngr Co.— Dividend on supplies for prompt delivery. Manufacturers in a number
This company, which last October of instances are taking advantage of the temporary dulness
Preftrrred Stock Deferred.
passed the quarterly dividend on its common stock, has deto renovate and repair their plants, preparing for an expected
cided not to pay at present the usual quarterly dividend of
good
run of business following the turn of the year. Specu^H P c- on its preferred shares. An official statement says
lative activity in the cotton market has continued, with the
in substance:
Tbe oompany baa tbe seml-annnal Interest on Its bonds to meet Jan. tendency of prices still upward. A speculative movement
1 next, and In view of tbe unoertklnty as to tbe date wben present
United States Realty
—
;
—
labor troubles will permit a normal tonnage at Its plants, tbe direcdeem It wlee to pursue the most conservative poUoy and pass tbe
dividend. It Is confidently expected, bowever, that should a resumption of operation.'* take place as soon aa present Indications promise,
the April dividend will be paid, and it Is also boped that the January
dividend may be met a little later In the coming year.
Our business has been seriously affected by labor troubles since
about Feb. 1 last. At tliat time a strike was declared In Us Colorado
City works by the Western Federation of Miners, which, while not
closing the works, interfered greatly with the business. This disturbance oonttnned to Aug. 1, wben a general strike was ordered by the
same federation In the Cripple Creek district. As a result of that
strike, both our Colorado City and our Florence works were compelled
to close on account of the lack of ore, tboui;b both were fully
equipped with loyal non-union employees. Tbe mine owners of Cripple Creek resolved to wage war against tbe exactions of the Western
Federation and by tbe aid of tbe State mUltla have been gradually
tors
opening their mines with non-union workmen.
The production gradually Increased until on Oct. 16 the company
resumed operations at Colorado City, though running at about half
capacity. Tbe Florence plants are still Idle. The strike oontlnaes In
Cripple Creek, but since martial law has been declared, it is expected
that normal conditions will be speedily restored.
During tbe latter part of 1902 many of tbe deeper Cripple Creek
mines fonnd it practioiUy impossible to operate tbe lower levels on
account of the co-tt of pumping, and In January last they united In
driving a large drainage tunnel, and In the meantime curtailed tbe
output. This tunnel has during the past thirty days encountered the
main water course and is rapidly dralnng a very large area. which will
result In a greatly Increased output as soon as the labor situation
of considerable size
also developing in coSee,
outside ininfluenced by reports from
producing countries of a decreased production. The political
situation in the Far East has been such as to attract widespread attention. At the close, however, the reports current
is
terests being extensive buyers,
were of a more reassuring nature.
Lard on the spot has advanced slightly, following the
speculative market. Business has been quiet, both exporters and refiners being light buyers. The close was quiet
at 7*10c. for prime Western and 6'20@6'50c. for prime City.
Refined lard has been held for higher prices, but business
has been quiet, closing at7"25c. for refined for the Continent.
Speculation in lard for future delivery has been
iderately
active and prices have advanced slightly on buying by shorts
to cover contracts. The close was firmer.
OAILT OLOSIHO FBIOBS Ot LABD VDTUBBB » OHIOAOO.
Sat.
Mon
Tutt.
Wed.
Thun.
tri.
December del'v.... 6*45
Holt-
m
6-60
645
6 53»9 «-45
670
day.
6-62ii 6-76
May del'v
6-67»2
6-83>«
6-90
Pork has had only a limited sale in the local market, but
dears.
Daring the month of March last the United States Smelting Co., at
prices
have been unchanged and steady, closing at |18@
Canyon City, owned and operated by your company, suffered a severe
lose by Are, which, while fully covered by Insurance, Interrupted its
18 75 for mess. $12@1 5 for short clear and $14 for family,
business. Operations have lately been resumed there on a most gratCut meats have been offered rather freely, and as demand
ifying basis.
See also annual report on a preceding page.— V. 77, p. 774 has dragged, prices have weakened slightly, closing at 6^c.
United States (Japiter) Steel Co. of Everett, Mass.— for pickled shoulders, 93>i@103^c. for pickled hams and
pickled
bellies,
for
14® 10 lbs. average.
Status. — President Miller is reported to have said at the an- 7K@83^c.
nual meeting on Dec. 16 that the plant is capable of paying Beef
has
been dull at $8@8 50 for mess, $9@9 50
expenses, but that it lost |12,129 during the past year. In
family and $14 60@16 50
packet, $10 50@1150 for
for
order to raise $25,000 required for working capital, the shareIndia
mess
in
Tallow
has advanced, closfor
extra
tcs.
holders voted to dispose of the company's interest in the
Neal duplex brake (the ownership of which was sold by ing at 5c. Stearines have been firm but quiet, closing at
Neal to a friend) provided a reasonable price can be ob- 7>^c. for lard stearine and 6%o. for oleo stearine. Cottontained. The President stating that he controlled the ma- seed oil has been steady at 363^@37c. for prime yellow. Butjority of the stock, announced the election of his board of ter has been quiet and under moderate offerings prices have
directors, viz.: Charles S. Miller, H. B, Whall, Q-eorge C. weakened to 15@231.^c. for creamery. Cheese has been quiet
Fitton, W. H. Pearson, Thomas H. McDonald and A. R. but steady at 9@12c, for State factory, full cream. Fresh
Sanborn. About $45,000 of the $160,000 first mortgage bonds eggs have advanced to Mz. for choice Western.
are said to have been sold at par. Olof Oberg, 102 Pearl
Brazil grades of coffee have been firm and higher. Speca-
Street, Boston, Mass,, before the meeting, made the following allegations:
That suit has been brought against President
S. Miller to cancel
the contract by which he obtained the patents of Jupiter Steel; that no
foreign patents have been sold; that there Is reason to believe that
81ans are being made to transfer the D. 8. Steel Co. to the N. E. Steel
o,; that tbe Issue of bonds by tbe U. 8. Steel Co. has been stopped by
an Injanctlon in sonneotlon with the above mentioned lawanlt
against Miller.— V. 77, p. 41.
C
—
Weaver Coal & Coke Co.— Status. The company's shares,
which some months a?o were quoted at about par, have recently sold down to 13. The "Journal of Commerce & Commercial Bulletin" on Dec. 18 said
:
The company began paying dividends at tbe rate of 8 per cent per
annum. ItlBsaidthst the dividend was passed several weeks ago.
Nearly two-thirds of the $3,000,000 stock in the oompany, which was
organized about a year ago. are owned by John W. Gates and his assoclates. It is stated that the company Is closing down Its offices in
New York. Philadelphia, Boston, Providence, Altoona, Pa., and Pittsburgh. In explanation of the depreciation In the stock, it Is asserted
that the company's business in the East has proved very uuprofltabie,
the coDC ern having been handicapped by the fact that It has no mines
In the E ast. U enry E. Weaver, after whom the concern Is named, resigned from tbe presidency sometime ago. C. A. RobertH, formerly
with th e American Steel &, Wire Co., Is now at the head of the concern.
According to another statement, forced liquidation has contribute d to the decline in price. There are stated to be
$650,00 of bonds authorized, but not sold, and a fairly large
fljAtlng debt,— V. 75, p. 506.
Wheelins: Stimplng Co.— Called fiond*.— Interest ceased
1 5 on thirty bonds of 1897 called for payment at the
National Exchanee Bank of Wheeling, W. Va. Howard
Haziett is the mortgage trustee.
Dec.
—The John B. Stetson Company, besides
the regular half-
yearly 4 per cent dividend upon preferred stock, will pay on
Jau. 15 a dividend of 10 per cent on the common stock, making 2 per cent for the year upon the latter, an interim dividend of 10 per cent having been paid in July,
Jan. delT
lative
buying by outside
interests,
induced by
bullish crop
news from Brazil, has been the feature, and prices have ad
vanced. The close waa at 7c. for Rio No. 7 and S^^c. for
Santos No. 4. West India growths have been in fair demand
and firmer, closing with good Cucuta at 93^c. East India
growths have been firm. Speculation in the market for contracts has been active. Wall Street and other outside inThe close
terests have be 3n large buyers, advancing prices.
was easier under profit- taking sales.
Following are the closing asked prices:
6-700. March
700o. Aug
-.
6 70a May ......
..
7-30e. Bepi.....,.^
Jan...
Deo
I
6-85o.|jaly
Feb
Raw
7450.
Oct
7-55o
7*70o
7-760
sugars have had a fair sale at unchanged prices, but
the close
was flat at 8 9-16c. for centrifugals, 96-deg. teat, and
muscovado 89deg. test. Refined sugar has been
3 l-16c. for
quiet but steady at 4'45c.
groceries have been quiet.
for granulated.
Other staple
Kentucky tobacco has been quiet but steady. Seed leaf tobacco has been firmly held and for the seasjn of the year
business has been fairly active. The better grades, especially
Wisconsin, have been in demand. Foreign grades of tobacco
have been in moderate demand and firm.
Prices for Straits tin has advanced on buying by shorts to
cover contracts and light offerings. The close was firm at
28*50@29c. Ingot copper has been qniet but steady at ISJ^c.
for Lake. Lead has held steady at 4-;i0@4 '371^0. Spelter has
been firm, closing at 5c. Pig iron has been less active, closing at $14 75® 15 26 for No. 2 Northern and $18 25@13 60 for
No. 2 Southern.
Refined petroleum has been firm, closing at 9'50c. in bbls.,
Naphtha has been un12'20c. in cases and 6'60c. in bulk.
changed at 12*40c. Credit balances have held firm, closing
at $1 90. Spirits turpentine has been qaiet but steady, closing at 59i^@59Xc. Roains have been unchanged at $2 65 for
common and good strainel. Wool has been in moderate demand and firm, Hops have continued in demand anl firm.
..
Dec.
.
.
.
.
THE CHRONICLE.
20, 1903. J
COTTON.
Thursday Nioht, December 24, 1808.
The Motbment of the Cbop as Indicated by our telegram s
ia given below.
For six days ending
evening the total receipts have reached 265,118 bales,
against 298,873 bales last week and 335,350 bales the previous
week, making the total receipts since the Ist of Sept., 1808,
from the South to-olght,
this
against 4,866,854 bales for the same period of
1903, showing an inorease since Sept. 1, 1908, of 346,500 bales.
In addition to above export*, our telegramii eo-uiKiJi also
glye as the following amount! of ootton on shipboard, not
cleared at the port! named. We add imllar flgurei for
New York, which sre prepared for our special use by MessrSi
Lambert A Barrovrj, Produce ExohanRe Building.
ON SHirBOAJSD, NOT OLBARBD VOB34 at—
Dee.
4, 913, 354 balos,
at—
Seceipta
Mon.
Sat.
TifM.
Wed.
\
Tktirg.
1
Oalyestoa.
8.890 17,877 23,687 14,190 8.041
9,743
Sab. Paas. &o.
New Orleans. 14,180 16,715 27,402 17,899 10,786
2.622
Mobile
380
742 1,273 1.358
8.475
Pensaoola, Ao.
Bavfuinali
6,968 7,689 10,120 11,039 7,169
4,192
Bransw'k, Ac
694 1,673
Obarleston ....
708
693
197
26
Pt. Royal, Ac.
Wilmington.... 1,892 2,708 1,736 2,310 2,086
19
Waali'ton,&o.
Norfolk
2,908 8,030 6,040 3,192 2,546
tn.
Total.
72.685
9,743
86,982
.
NVtNewB.Ao.
New
42,985
4,192
3,766
-a
o
W
309
268
699
week. 38,408 49,122l 70,115 50,628 66,845
thU
266,113
30
173
50
96
81
The following shows
Sept.
1,
1903,
six day's total receipts, the total since
the stocks to-night, compared with last year.
and
1902.
1903.
Beeeipta
Dee. 24,
to
i
week.
I
Stock.
This \Sinc* Sep,
week.
1, 1902.
Since Sep.
1, 1903.
1903.
72,685 1,718,776 59,409 1,347,610
3,193
9.748
65,657
64,775
New Orleans 86,982 1,187,880 83,966 1,302.174
6,375 154,230
7,183 137,099
Mobile
86,799 17,173
8,475
P'aaoola, &&.
77,982
Sayannah... 42,985 859,592 43,528 819.071
4,192
91,779
Br'wlck, Ao.
9,486
88,138
135,852
3,765
Cbarleaton..
8,498 170,627
Galveston.
1902.
244,693
192,199
887,576
49,085
411,011
38,965
115,174
7,873
17,338
167,331
4,816
34,753
13,690
21,968
26,519
1,206
74,093
32,000
9,420
4.642
46,157
Sab.P.,<fcc
P.BoyaU&o.
26
WllmlnKton.
Wash'n, &o.
Norfolk
10,631
19
17,711
N'portN.,ifcc
198
909
284,987
336
313,090
S09
268
699
Boston
Baltimore.
PliUadel,&o
304
299,798
14,538
16,621
23.487
12,263
12,164
286
4,509
1,917
6,433
7.946
4,268
New York...
221
265,132
10.897
14
24,910
1,790
2,836
698
1.148
377
147,740
23,000
12,200
6.445
933.309 1,096,857
265,113 4,913,3641275,016 4,666,8541
Totals
In order that a comparison may be made with other years,
give below the totals at leading ports for six seasons.
we
Seetipt*
at—
Qalyes'n.
New
1903.
Orleans
MobUe
Savannab...
Clias'ton.
Ac
Wllm'ton, Ao
Norfolk
N. News, Ao.
1901.
1900.
1899.
64,171
89,883
8,962
29,266
4,896
3,129
15,036
1,363
14,674
43,493
55,068
7,706
23,866
18,991
1,549
22,039
275.015 299,256 226,380
173,337
1902.
82,428
86,982
6.378
42,983
3.791
10,700
17,711
<&o.
97,092
73,698
5,418
44,082
15,323
8,626
19,062
62.602
83,966
7,183
43.528
8,498
10,911
24,910
198
286
278
All others...
13.943
33.131
85,678
Tot tWs wk.
265.113
3,641
2,985
Qrtat
/roni—
Brit'n.
Ualveston....
gab. Pmb, &c
54.310
NewOrlean».
4.000
France
50
Conti-l
nent,
1
lotal
Great
Britain.
—
1 9,009
9,001,
9.001
6.000
8,332
18,882
7,802
7,602
23,486
5.76a
20.672
86,665
12^.897
BrwoBwlok
5.816
60.775
....
18.800
39.894
6.860
'•••
10 287
6,816
CharlMton...
Port Royal....
WUmlntrton..
12.300
Norfolk.
port N., Ac.
.
W
9,566
355.661 145.277
23,922 16.3C8
•.
6.180
...
296,063
1.812
1,812
56
6,235
8i>9
398
1,444
1,444
165.642
2,070
34.603
ie.9S»
87
e
Total. 1902
...
Total.
876,8b9 1,193,73^
42,887
62.452
282.739
788.677
87.624
66,149
48,(35
81.420
389.879
664.737
7,124
67,899
87.01J
37.016
221,958
Xi.5ii
1,600
101,631
279.816
65,170
68.560
8 100
18,158
21876
11816 106.416 198,765 1,474,927 498,875 1,685,796 3,559,398
83,124
65.508
2l5..=S0i
1,4
.
2,406
7,000
i'ooo
Total 1902.
Total 1901..
64,516 37.114 65,946 47,498 11,962 227,036
80,097 52.772 38.181 28.849l24.968 224,316
869.821
806.487
the crop has been full, the receipts for the week exceeding those
of the corresponding week last year. At a few of the interior
points, however, the arrivals have shown a declining tendency; this, the bull interests have maintained, is the beginning of the sharp falling off in the receipts which
they
have predicted;
and also that It will shortly
become apparent to all that the present crop is a small one
and not larger than last season, as the comparative crop
movement to date indicates. Bull interests in both the
local and New Orleans markets have been aggressive, and
on their manipulation prices have advanced sharply. At the
higher figures heavy selling has been met, coming largely
from outside interests who have been disposed to sell out over
the Christmas holidays and take profits. The Southern spot
markets, reflecting the advance in prices for futures, have been
firm and higher, and it is reported that some of the New England spinners have bought rather freely of cotton at the advance. To-day the market was active and higher. Bull
interests continued aggressive in their operations, and reports that the political situation in the Far East had taken
a more favorable turn had its influence as a bullish factor.
During the late trading there was a reaction from top prices
and the close was irregular, 7@14 points higher for the
day. Cotton on the spot has advanced, closing at 13'60o. for
middling uplands.
The races on and off middling, as established Nov. 18, 1908,
by the Bevision Committee, at which grades other than
middling may be delivered on oontraot, are as follows,
FalT....>............,......o. I'SO on Gtood Middling Tinged ..o.
Eyen
UiddllBg Valr . ..„..^ ...... 0-96 on Strict MlddUng Tinged.... 006 off
0-62 on Middling Tinged
Strict Good Middling
012 off
0-44 OB atrlet Low Mid. Tinned... 0-34 off
aood Middling
Low^ldllng
Low Middling
0-50 off
014 oft Low MlddllnK Tinged.
0*38 off Strict Good Ord. Tinged... 0-84 off
0-73 off Middling Stained
Btriet Good Ordinary
050 off
Oood Ordinary....
.. l-oo ofl
Strict Low Mid. Stained... 1-06 off
Strict Good Mid. Tinged..
1-80 off
80 ob Low Middling Stained
On this basii the offlolal Drloos for a few of the grades for
the past week— Dec. 19 to Doc. 25— would be as follows.
Strtet
„
UPLANDS.
Oood Ordinary.
Low
Middling..
Middling
Good Middling.
Middling Fair..
GULF.
66,889 405,381 1,436,542 8,309.712
Sat.
iTIon
Taes W^ed Tb. Frl.
12-20 12-00 1230 1260 12-70
12-82 12-63 12-92 13-22 13-32
1320 13-00 1330 13 60 1370
13-64 13-44 1374 14'U4 1414
1416 13-96 14-26 1456 14-66
Sat.
Mon Taes
n
o
1¥ed Th. Fri
18-45 12-25 12-55 12-85 1295
13-07 1^-87 13'17 13-47 13-57
13-45 1325 1365 13-85 13 95
13-89 1369 14-99 1«'29 1439
14-41 14 21 14-51 14-81 1491
n
o
BKon Taefi \IFed
Tl».
Fri.
11-70 11-50 1180 1210 12-20
12-70 12-50 12-80 1310 13-20
Middling.
Strict Low Middling Tinged... 12-86 12 66 12-96 13 26 133tS
1820 13-00 13-30 13-60 1370
Good Middling Tinged
Holiday.
Low Middling..
STAINED.
Sat.
c:
Low Middling
The quotations for middling upland at New York on
Dec. 24 for eaoh of the pist 83 years have been as follovi>s>
1879....e.l2J«
1887. ...0.1008
1899. ...C. 8V|
1903....C 13-70
9i«
8-75
1894
1886
. 97ia
1878
. ftiliA
190a
1877
1901
1898....... 7i6ie 1886.,
9^
llBie
89i«
12i«
1884
lli]e
1892.......> 9-^8
1876
l»00......10B,a
1038
1314
1876
1899
79,«
1891..,«. 7i5ia 1883
1874
5'8
1882
1898
1890...... 93i6
\4.H
10°ie
IOI4
12
16
1881
1878
1897
M5ie 1889
7i«
IIIB18 1872
20>4
1896
188«. ...... 9%
1880
NoTB.—On Oct. 1, 1874, grades of cotton as quoted were changed.
According to the new olasslticatlon Middling was on that day quoted
*60. lower than Middling of the old olassllloailon.
MABKET AND SALES.
»POT Maskbt
OlXMBD.
Saturday .. Quiet, 16 pts. ad.
Monday.... Unlet, 20 pts. do.
Quiet. 30 pta. aa
Taeaday
Wednesday Quiet, 30 pts. ad.
Thursday.. Qiuet, lOpis.ad,
Friday
. .
1,199
21.849
frO.533
66.869
400
17,500
11,500
2,400
15,000
77,781 35,094 118,798 40,389 24,392 296,454 ~686,865
268.202
l.SOO
21,9S7
13',506
Total 1903..
1.000
1,000
Pklladelpbla.
San rran., *eTotal
9,299
46.96
200
New York
Boston
Baltimore
663.420 253,143
44,619
Continent.
York....
Middling
Good Middling.
Middling Pair..
190S, t» De<;. 24, 1903
Fremet
New
Otlier ports
Good Ordinary.
Exported to-
Week.
MobUe
Pensaoola
gsTaimali-
1,
2,000
Norfolk
578
for six days ending this evening reach a total
of 198,765 bales, of which 80,533 were to Great Britain, 11,816
to France and 106,416 to the rest of the Continent.
Belov
are the exports for the week and since Sept. 1, 1903.
Sept.
MobUe
37,764
The exports
From
400
2,000
11,600
Obarleston...
266,885
97,680
88,874
16,938
31,585
15,019
71,693
58,881
1898.
102,459
86.014
8.869
33,782
6,447
3,625
16,615
Since Sept. 1 4913,354 4666.854 4600 179 4480,667 3916,079 6799,975
Wtek Ending Dec. 24 ,1903.
ExvorUA to—
..
657 70,691
6,H35 147.163
8.O0O 31,800
Speculation in cotton for future delivery has been active
05
268
320
97
Bavanuah..
31,951 15.418 30,616 12,050
44.430 16.476 68.083 16.339
3,200 13,600 12.000
and the upward tendency to values has continued, prices for
the week showing a substantial advance. The movement of
York.
67
New Orleans.
Oalyeston.. ..
Btoek.
Total.
26
198
Baltimore.
PIiUadelp'a.Ao
Leaving
(htat
BtrOther OoattBritain Pr'HM many. For'ffn wiMt.
10,681
19
17.711
198
Boston
Tot.
l6,875
8,476
:>397
Total.
ruTUBBl
eAi.BB
Mabkbt
aiiOSBD
B'rly steady.
ow Spot
Oor^-
«o^t.
2,749
Steady
Strong
Easy
<k
OoifTBAOJt
Oontract.
8,600
2 866
3,600
1,800
sis
1.800
5,400
8.584
117
818
Unsettled...
Hon
day...
2.749
435
tola,.
THE CHROXICLE.
2398
Futures.— Highest, lowest and
closing prices at
New
York.
[Vol. lxxvii.
the movement—that is the receipts
week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
At the Intekior Towns
for the
corresponding period of
19(ig
Ib
set out in detail below.
£oo»«;2so<i.2B»>=??^»rr»:2£.5^ooffiO|jrt;2t-
jTi
?n
'i
i
i
i|
ij
i
MM
(-"t-"
to to
I
I
i
I
I
I
I
«
I
I
C0<o
I
1
I
I
I
I
I
d
WW &M
cceo
eseu
to to
CO
4
eow
oou
CO 00
wco
tot->
CO*.
cceo
o<s>
tceo
toco
«-«
-M
— to
WM
WW
—
r^ ^^
>-•
tato
-Jdo
ceco
CO
d
I
I
•
ccea
toco
oo
ceo
CKK)
--Jui
I
I
I
I
ccto
I
!
I
I
«
I
I
«
I
9
coco
I
I
kSM
Cto
I
I
I
9
14 ^^Id l-<^^
19
>^
-M
toco
toea
tOM
ceo
ecto
(XOO
COM
C;tO
CO
t:
COM
wco
WM
coco
estp
ceo
c^co
~JtO
00 a»
ooto
o<to
M3I
9
9
#
o
9
cdw
9
wco
am
MO
W
en
CD
I
WM
I
I
I
«J
eJ«6
I
M
ooo
to
O
er
^-'»-«
toto
OJQO
eto
cow.
tba
M®
cJ'ci
ecco
CO -a
'
I
i
cow
tOM
I
I
1
cow
coco
dici
CCOl
oto
CTici
I
'
I
I
I
1
I
O
i
.as
*M3
Co-
-Sag
aP::
III
to
tOM
ODMW
_coCO00t0 WNJOpl
KtOtOMi^.M CSJWWCJI
cwoo to oi'"'^ CO "* mo to to 50 ckVc'o comI^ oo"k: o id to "wx-'wod
owooo^'if'0'OowoooEocxiC'Oc>oiyowooMoio)oww«>«jeoo
0000000'.rJC?OH>>OOOCtOOc;tOOOOOOOOM>-oo»CttOWi^O
COCO
!
9
WCO
t:«o
ccto
0<0
cooo"''tOMMOrf^Moa>oi-j<NMaKj-j<^to'.'50-acu«Dwi0 3tow«tcot)
oaci©.->OyCWWWO»0OMO-'OOO*>-MO»3O<l!DOi^Wc0WM»kO
^^coa^;0;ooowcDCDN!OOO^DOoMJ:ooo^^<^M^o^3~^0'— 030000
5?
1
tos
MW M *^>^ to
i(^c;>iN)t9<oococo^<i^w
o
MtOtOMtOM M
o
i^M^-wa" — tsMMOiM- 05 -*3^D>t^05»O
ci>0>
^toaiootowroooto- wu'walf>MO^Oi^JrJw®l(^a)'^MceM>JCJla
Oi^iO'-OWXXOwO.
<OQO»o^iJ-e»'^'»ON5«c...a"<OOOOW^oO
©MO©oao(P>-wOJ3>o. o<MOCD!»ccoo50000i('a)wo*ktoMtoo;
to**
I
I
I
H
i*''»3",
o'bi
-
I
I
I
I
to
0«
M
CO
05 wj^ tow MM en
^ « M^-' w c» MOO koco a
^00
"n'co <k o M CO M 00 *» 00 1^ 00 Ol CO to o^M yi-o o oi O co a « O m© m bo o a> to
t3ON]~);^OOOCX)C»Mt0OOOOa3OMC0WMOlF^«:>'OUCnC0MOO
was
I
>-'>-'
I
"
toyk.
20
b:
I
I
I
^~
»
Sp
MO)
9
)
Ǥ;
B-eS B ^ 3 • g B S
tofe!
eea
weo
1
=
19
><
CO to
H»0
H
T
-15.
®R
OS
^
tcto
CTci
co>4
toto
-J CO
»-
*
.®
f-f
»—
ccw
wco
03M
coco
I
o
CO
o
o^ OM «a
«
'
i
"t-"
tota
coco
-J CO
I
^-
toto
onob
«
1
tots
WW WW WW wco
wto tOM »-.M
oo
ow ceo
N
4
a
9 19
9
9
9
9
9
MM
"M
MM
MM
>-»M
WCO COM WCO coco WCO oscc WW WW WW
tCl^
dob
w*. ttW
aoai
ODM ccto OO wee toco OCX Oai MW
coco
wea WW
W WW WW cow WW COW
cbto
oa
oo OO
coco
CO to
OCOO
t5#>
etc MCO OO
toto
9
•
9
9
9
@
9
9
9
^i-i
*•>coco
WW cow WW coco WW WW WW WW
ocD oob oc6 do O>00
cb«^
oso e» to W*k
M mC7> cc- ODOO OM
coco
1
oeo
»
I
•
o«Nrf
5
CO
1-3
«
1
toea
©w
•OtO
CJ«C«
coco
wco
Cto
oo oeo
av
I
^ f^
toto
CCOn
to to
00 f»
9
'
e
I
|i-iM
I
O
cow
MK3
toco
ceo
•^o
ccoc
«
toco
•<i6
CO
teoD
1
»3ee
eaC7<
<
aoo
c»*-
wco
.s-? S « '=^^'0 a g-JJs"^ § »
liVii'ii
i(»ooooa'co50<*kQOMC»Mii^M-.woo»coeoow-'i^«'t»o*-a>o
«e
I
Cl
"ivanoH'
tos
one
W
9 M
I
I
I
I
d
I
o
'
00
I
9
1
9
I
I
I
a
I
9
w
o
I
c;i
w
6
to
9
9
M
M
CO
b
en
a
M
W
o
Ol
to
OB
to
CD
o
9
I
9
O
9
1
'
'wV
^
e>
00
WMWMtOMMO
**','^
0*00 OS to w'ta c»"(0 1^ on t»*»'o> o'osV^ifk'o
MO*>«0OOO00O«00t3Ml|fc*>.Ot00DO(»00ti"OMOMt0(»f0OOWM«e
c;.
o
W
'"
MtOMO*'.'* ®
o< w'm vs'v o c^ioo oo 05 00
o
too*.i^e;<awOMii^i^tocncoM~iCx>o:cj3COtooceouL«cwo«WMC>iu
cow
^
S^
If
to
(0MK)mK3«- t3
<»
MtOT. M6S ta^O K)
ST*
M
ocxMOttotOMeew-jM. oooif».0)Oc;>ao<». c;<MG)03WtoO'o;WQ00J*
^
MW0SM000CMMMCT-aMO<Cia0WiP.OC5C-ie»
—
OMO-"
OWWOWW
en
o
too-JMOKn^moi^M; ccm OMoasoocoe^i^o<oooMuoo<oo
00
«
MOMooae;ico(^aDwo> 03if>.to>-'i^toe;<Nioob3woc;<aotstotaM030
Thb Visible bupply of Uottor to-night, as made np bj
* This year's tlgures estimated.
cable and telegraph, is ai follows. Foreign itocks, as well
The above totals show that the interior stocks have deai the afloat, are this week's retnms, and oonseqnentiy al)
creased during the week 3, 97.5 bales, and are to-night 49,245
foreign Qgnrea are bronght down to Wednesday evening,
bales less than same period last year. The receipts at all the
Bat to make the total the complete figure* for to-night towns have been 3,564 bales less than same week last year.
(Dec. 24), W6 add Ihe item of exports from ^'ae United States,
Overland Movement for the Week and Since Sept. 1.
including in It the exports of Thursday only.
give oelow a statement showing tne overland movement
We
1903.
1902.
1901.
1900.
gtoek at Liverpool.....bftiei. 464,000 497.000 620,000 az.'s.ooo tor six days and alnce Sept. 1, as made up from telegraphic
8M>«k t t,oTj n on __ ...,._ ^^
8,000
7,000
4,000
12 000 reports Thnrsiay night. The results for the six days ending
Btoek at Maoohester,.^ ..^^
51.000
Dec. 24 and since Sept, 1 ic the last two years are as follows.
w
I
I
ft
CD
to
M»
w
1^
I
CO
lotai (ire*i iirltalnitook.'
ItOfik at MarselUeB....
toek at Barcelona
toek
w
!
>-•
w
•
1
l«^
).
.
52^,000
took At Hamborg
«.»«-.
12 000
V>ek at Bremen..^
.......
253,000
took at Antwerp ....... ..^..
5 000
took at Havre
~~ .._.... 222 000
8to«k at Oenoa
co
00
I
^.
6i4 000
6 000
13.000
129,000
3,000
135.000
2.000
28 000
80,000
157.000
5,000
87,000
2,000
8000
41,000
37,000
2,000
574.000
4*000
2000
at Trieste....... ........
Total Continental Btooke.
Tetal Koropean atooke.... 1,097,000
India oottOD afloat lor £arope
61000
.'
504,000
42 000
2200
637,000
15,000
179 000
5,000
120,000
2,000
15,000
45,000
3,200
384.200
1,121,200
60,000
6P4,000
29.000
170.000
243,000
346,000 432,200
850.000 1,056,200
66.000
26,000
Ajner.oottonafloatforE'rope. 879.000 662,000 734.000
«<rFPt.Bra«n,<ko.,aflt.Ior E*pe
68,000
72.000
83.000
BtoeK In Aiextvndrla, EKTpt... 203,000 204,000 202,000
Stcekln Bombay. India....... 169.000 203,000 172,000
Btoek in United States porta.. 933,809 1,096,857 1,030,802 1,060,883
took In D- B. Interior towns.. 622,166 571,411 725,166 819,640
United Btaten exports to-daj..
11,932
41,047
65,684
9,560
Total Tlalbleaapply.. .....3.934,407 3,766,815 4,083.362 4,077,283
OX tke ab«Te, totala of American and otner desoriptiona are as loUovra:
ArruTitatK—
LWerpooI stock
balea. 395,000 423,000 656,000
536,000
Manebeater atook
61,000
Uontlnenial Btooca...... .,>._ 688 000 321,000 897,000 854.000
American afloat for Sarope... 879.000 652,000 734.000 684 000
United States stock
933,309 1.09b, 8^7 1,080,802 1,060,883
United States Interior atocka. 622,166 671.411 72'>,166 819,640
11,932
41.047
United Stateaezporta to-day..
55,684
9.560
Total American
..^.8,830,407 8,105,316 3,497,652 3,444,083
M<Ut Ina,ian, Brcuil, dc—
LlTerpool atook.............
69.000
74.000
65,000
89,000
London stock
8 000
4000
7,000
12.000
OonUnentai stocks...^ .......
86 000
25,000
35 20O
80.200
India afloat for Bnrope . .....
61000
66,000
26.000
60,000
8Z0O0
68.000
72,000
29,000
«Tpt. BrasU, Ac, afloat
Btoek l> Alexandria, Egypt..
203000 204,000 2(i2000 170,000
Bt*ek in Bombay, India.. ...» 169,000 203,000 172,000 243,000
Total Bast India, Ao.._-. 604,000 651.0O0 586,200 633,200
Total American.......
8,330,40 7 3,105,315 3,497.652 3.444,0 j3
Total risible "pr'y
.3,934,407 3,756,315 4,083,852 4,077,283
4-5 zd.
Middling Upland, Liverpool.
42i,,2d
SiBsad.
7»ed
ItlddUnir Upland, New fork.,
1370e.
8-75C.
lOBuC
8HC.
7Jljd.
gypt Sbod Brown, Liverpool
9d.
8«Sd.
IHA.
Pam f Boagli Good, Liverpool 9-76d.
7381.
7-20d
7d.
.
Broaeb Fine, Uverpool..._«
esgd.
4\d.
415s3d.
58isd.
nnnevelly Good. LfverpooL..
4ii,(,d.
6isd
4ei6d.
53ied.
Continental imports papt week have been 149,000 baies.
The above Qgarea for ISWQ show an increase over last week
of 144.138 bale8,« gain cf 178,092 bale* over 1902,a decrease of
149,445 bales from 1901 and a loss of 142,876 bales from 1900.
tW
1902.
1903.
Deeembtr 24.
irscA.
8in*t
fpt.
1.
W*M.
MiKM
Apt.
1.
Shipped—
Via 8t. Louis
Via Cairo
Via Paduoah
Via Roek Island
Via LoulsvtUe
Via Cincinnati
Via other routes, &o.
Inland,
Interior
<Sco.,
41,994
400,839 61,384
668,296
1,266
580
Total gross overland.....
Deduct ilixTpmenti—
Overland to N. Y., Boston,
Between
338,617
101,226
2,347
1,707
6.341
121.521 25,564
8,922
147,901
25
2,216
5,863
2,908
24.475
1,206
13,069
87,986 10.669
17,819
13,500
i
io..
towns
from Soatb.....
Total to be deducted
1.294
16,088
69.078
15,27S
133,775
368
624
20,548
10,601
16,422
6,478
8S1
960
64,485
19,042
22,680
2,168
47,571
8,263
108,157
39,836 368,268' 43,13ll 662,138
Canada.
The foregoing shows tuat six day's net overland movement
thia year has been 39,836 bales, against 43,181 bales for the
week in 1903, and that for the season to date the aggregate net
overland exhibits a decrease from a vear ago of 208,870 bales.
Leaving
*
total net overland*.
Including
movement by
..
rail to
1902.
1908.
In Bight and Spinners
Taking;
Wfh.
Min*t
Mept.
I.
IfM*.
8ine*
Mtpt. I.
266,113 4.913,354 275.015 4,666,864
Receipts at ports to Deo. 24
Net overland to Dec. 24
39,836 363,268 43,131 562,138
Soathem oonsnmptlon to Deo. 24. 35,000 656,000 40,000 673,000
Total marketed
Interior stocks In exoess.
Came Into
339,949 6,922.622|358,146 5,901,992
*71 508,333
3,975 510,664
sight during week.. 835,974
Total In Bight Dec. 24
368,076
6,483,186
6,410,325
North's spinners' tak*gs to Deo. 24 83,462 921,294 81,886' 965,120
* Decrease during week.
Movement into sight in previous years.
Sales.
Bales.
Since Sept. 1—
lyeeA380,319 1901— Dec. 27. .......~ 6,338,349
1901-Deo. 27
345,916 1900— Dec. 28
~ 6.468,494
1900-Deo. 28
6,792,025
189 -Dec. 29
241 622 1899— Dec. 29
-.« 7,646,779
429,686 1898-Dec. 30
1898-Deo. 80
t
. .. .
Dec.
THE CHRONICLE.
26, 1903.]
Quotations fob Midduno Cottow at Otheb Markets.Below are closing quotations of middling cotton at Southem
and other principal cotton markets for each day of the week,
Wuk ending
Dee. 24.
OLOSINQ QDOTATIOMB FOB MIDDLIIfO OOTTOH OM-JfON.
WeAnts.
Thurt.
18
12\
12%
1219
13
12^8
1278
12^
Vl\
13
Mobile
Savannab..
12"8
01iarle«ton..
Wilmington
r2»9
12>4
12%
12%
12%
13i«
121S,8
13»e
BTortoU
12%
Sew Orleau»
12i«
13-05
12%
12%
12iil
Philadelphia
Aa«riBta....
13-45
13-20
13-25
13 25
13
12l5lj
13
MeKphlB....
12ifl
iai»8
12'8
St. LotUo....
\1H
HooBton
12»,8
121]6
12%
12%
12%
12%
12<4
12>«
Boston
Baltimore
.
Uttle Rook.
1300
13-00
1800
13-55
Fri.
Bat'day.
Dee. 19
Closing..
13
12>«
1314
lo^
13-30
13 25
13-85
18>*
13
13
i
vi
187,8
ISI9
13
1288
Oloelng
Tuesday, Wed'day, Tkursd'y
Dec. 21
Dec. 22.
Dec. 24
Friday,
Dee. 25.
13-94» 07 12 80» 94 12-799-18 13-21»-40 13-329-49
12 959-96 r281»-83 13-28a> - 13259 - 13-429
. .
Cloeliig
Range
doaung
n
a.
.
.
.
.
July—
TOHB—
Spots
Options.
13 499 70 13 309-67 13-38993 13-759 03 13 -880 -09
13 609 61 13 389 39 13 889-89 13 859-86 14-009 01
35
13 63C-76 13-429 68 13 459 01 13 949-14 13 989-21
13 63 9 63 13-499-50 13 999-00 L3 959-96 14 13914
Steady,
steady.
QlUet.
Steady.
Firm.
Firm.
Steady.
Bi-ly 8t'y
Steady.
Steady.
Weather Reports by Telegraph,— Advices
from—
Britain.
MpUmbtr
Sinet
ersal
Britain.
Oontintnl.
total.
1.
10,000
10,000
8.000
10,000
11.000
8.000
ilobo
i",6b6
Oonlin*nt.
Total.
sumbay—
i'.obo
1903
1902
1901
5,000
4,000
63,000
71,(00
40,000
68,000
76.000
40,000
1.000
7,000
12,000
8,000
8,0O0
12,000
4,000
1,000
i',6"o6
1,000
1,000
2,000
11.000
1,000
3,000
13.000
1,000
3,000
3,000
3,000
2,000
3,0C0
3.000
2,000
3,000
35.000
37,000
28.000
38,000
37.000
28.000
14,000
14,0O0
10,000
14,000
16.000
11.000
11,000
4.000
1,000
116,000
121.000
74,000
127.000
125,000
75,000
i",bo6
Madras—
1903
1902
1901
AUothert1903
1902
1901
i',6o6
1,000
ALEXANDRIA RECEIPTS AND SHIPMENTS OF COTTON.
Through arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The following are the receipts and shipments for the
past week and for the corresponding week of the previous
two years.
Alexandria, Egypt
to us
a quite liberal scale.
Oalveston, Texas.— The week's rainfall has been one hundredth of an inch, on one day. The thermometer his averaged 55, ranging from 46 to 64.
Abilene, Texas. There has been no rain during the week.
The thermometer has ranged from 30 to 70, averaging 50.
Palestine, Texa», There has been rain on one day during
the week, to an inappreciable exent. Average thermometer
66, highest 66 and lowest 38.
San AntoniOy Texas. —Ihexe has been rain on one day of
the week, the precipitation reaching one hundredth of an
inch. The thermometer has averaged 54, the highest being
68 and the lowest 40.
—
—
Corpus Christi, Texas,— Rain has fallen oq one day during
the week, to an inappreciable extent. The thermometer has
averaged 54, ranging from 40 to 68.
Neic Orleans, Zx)Misiana. — We have had no rain during the
week. Average thermometer 56.
Memphis, Tennf.ssee.— Marketing is active. It has rained
on two days daring the week, the rainfall reaching one inch
and ninety-five hundredths. The thermometer has ranged
from 34'3 to 58, averaging 47'3.
Montgomery, Alabama.— There has been rain on one day
of the past week, the precipitation reaching forty eight hundredths of an inch. The thermometer has averaged 50,
ranging from 30 to 60.
Seirna, .4Zabama.— It has rained on one day of the week,
the precipitation reaching forty-five hundredths of an inch.
The thermometer has ranged from 33 to 70, averaging 59.
Mobile, Alabama. Cotton is moving freely. Dry weather
all the week.
The thermometer has averaged 47, the highest
being 63 and the lowest 34.
Savannah, Oeorgia.— There has been rain on three days of
the week, the precipitation beiijg eighty-four hundredths of
an inch. The thermometer has averaged 41, ranging from
—
84 to 63.
Augusta, Oeorgia.—We have had rain on one day during
the week, the precipitation being eighteen hundredths of an
inch. The thermometer has averaged 44, the highest being
69 and the lowest 37.
Charleston, South Carolina, It has rained on two days
during the week, to the extent of eighteen hundredths of an
inch.
The thermometer has averaged 45, ranging from 33
This week
Since Sept. 1
To
To
To
To
Hew Orleans...^ ....^.Above lero of gauge.
BCemphli..—. ..^ ..^.Above lero of gauge.
Mhvllle..,^
...... Above zero of gauge.
hreveport
Above lero of gauge.
Above «ero of gauge.
Ftet.
Feet.
4-2
1-2
16-5
12-0
20
10
294
18-4
30-2
35-7
270,000
290,000
275,000
3.888,011
4,133,450
3,829,744
This
week.
Exports (bales)—
Since
i
Sept. 1.
This
week.
This
week.
SUice
Sept. 1.
Since
Sept. 1.
Continent
America...
11.250 10-1,797 10,249 114,028 15,99" 98.303
9,5C0 6i.Ob2
6,51f 70,770
6,986 63,978
4,914 131,808 Vi,2,TA 155,377
6,000 126,66'.^
3,662 43,149
4,500 20,08t
4,677 40.415
Total exports
30,250 319,634 35,405 357,021 37,920 348,807
Liverpool
Manchester
A cantar Is 98 pounds.
Manchester Market.— Oar report received by cable
to-night from Manchester states that the market is quiet for
both yarns and shirtings.
MaDufacturers are generally
complaining.
give the prices for to-day below ana leave
those for previous weeks of this and last year for comparison.
We
1903.
8^
1902.
lbs. Shirt-
Oott'n
33« OoP' ings, common Mid.
Twist,
B.
" 11
d.
8.
08
98
9 98
99<S8 5 10 08
«9^8 6
«8
»8Bia 5
'•
27 813ia9938 5
Deo. 4 9l5l6»99ia 5
9^8
" 18 9«8
" 24 938
6
®9''b
5
6
liflWS
SH
m
d.
Twist.
d.
d.
ibt. Shirt- Oott'n
33( Oop. ings,
lipids
to flnett.
d.
d.
Nv.20 8%
d.
common Mid.
Upldt
to finest.
8.
6-02 7iia 98
5
:j
620 7i6 «8iia 5
6
684 7ii6 ©8
5
5
6
6 68 7I16 «8
7i« 7-00 7ie aSHa 5
7-18 718 »8ii« 5
9
d.
a.
d.
d.
113*7 7i« 4-54
2
«7
m«7
lia^7
lifl»7
1»«»7
8
4-54
7it 4-48
71* 4-54
7^ 4-53
7»« 4-62
Egyptian Cotton Crop.— Through the courtesy of Mr. Fr.
Andres of Boston we have received the Alexandria
Jac.
General Produce Association report for the month of November, as follows:
The crop has been further favored by good weather throughout the
month of November. This has benefltei the third picking and although
the results of these have not all been equally good they are in general
better than those ot last year. All cotton has been gathered and in
many districts cultlvaSors are pulling up the plants. The ginning
yields have contlnaed to be good, and In the average are fully 3 per
cent better than last year, in Upper Egypt and the Fayoum the crop
has all been gathered since some time past). As result ot the increased
area sown, the crop trom these provinces is estimated at about cantara
650.000. against about cantara 450,000 last year. To sum up, the
position is again better since our last report, and we are Induced to
increase our estimate of the crop to about cantars 6,500,000.
The Following are the Gross Receipts of Cotton
at
New
York, Boston, Philadelphia and Baltimore for the past
week, and since Sept. 1, 1903.
New Yokk.
Phlladelph'a.
Boston.
Baltimore.
Receipt*
This
week.
from—
to 61.
Dec. 28, '08. Dee. 25. '03,
1901.
Receipts (can tars)*—
—
Greenwood, South Carolina.— R^in has fallen during the
week, to the extent of thirty-two hundredths of au inch
Average thermometer 38, highest 49, lowest 28.
The following statement we nave also received by telegraph,
showing the height of the rivers at the points named, at
8 o'clock Dec. 23, 1903, and Dec. 25, 1902.
1902.
1903.
Decemoer 23
by telegraph this evening from the South denote that the weather
has been favorable on the whole during the week. Where
rain has fallen the precipitation has been light or moderate
as a rule. The movement of cotton to market contiaaes on
leksburg
869,000
1
Qrtat
1903
1902
1901
sa 13-27 9-46 13'85 9-62
12-86»-86 13-309-31 13-289 29 13-459-47
IS'SIO SO 13-10« 37 13 1S» 70 13-629-86 13-709-90
13-33
33 13 18919 13-68 9-69 13-659-C6 13 819-83
Range
285.000 71.000
835.0001 49.000
rotai all—
9
12-99000
March—
Oloubig
12-84
.
Mat-
atpt. 1.
—
12-98f20-2 80»08
Range
Min**
Wnk.
M*Vt. 1.
:alontta—
Honda
Dee. 23.
ITMk.
Muportt
1903
1902
1901
1»
12''8
Sinte
Mtpi. 1.
54,000
|
1901.
1902.
For lh» Wuk.
S
iH-eo
13 50
13-95
12ifl
4M«ip(f at-
Bombay
Jakdart—
Range
India Cotton Movement from all Ports.— The receipts
of cotton at Bombay and the shipments from all Indiu ports
for the week ending Dec. 24, and for the season from Sept. 1
to Dec. 24 for three years have been as follows:
WMk.
18l«
1216,g
ia>6
13
12-75
New URLEAN8 Option Market.—The highest, lowest and
olosing quotations for leading options In the New Orleans
cotton market the past week have been as follows.
Dbc'bek—
Range
2399
1903.
SatMT.
Salyeaton...
—
.
SinceSept. 1.
N. Orleans...
*,sa7
79.316
Texas
Savann'h &c
11,708
22iS,17S
1.061
109.392
Mobile
This
week.
.Since
Thin
Since
Sept. 1.
week.
Sept. 1.
Since
Sept. 1.
7,806
3,000
37,519
£5,986
15.070
82,764
Florida
600
4,lof-
100
80. Carolina
Pofc
62 266
16,284
No. Carolina
270
2,784
Virginia..
North, ports
3,277
&0,9et;
.
Tenn., &c..
Foreign
Total
Last
This
week.
year....
3,816
8,000
10.000
1,917
509
79.587
114,171
6,124
409
10,464
5.000
S4.416
609
3,56!)
1,088
7,678
785
10,668
23.10d
60e.C3i-
16.509
267.231
1.018
29.88--
e.oBt-
98,060
24,039
609,266 87,063
265,876
373
30,23fe
6,097
67,856
7,000
THE CHRONICLE.
•>4()0
—We
have received this
Sea Island Cotton Movement.
(Friday) evening by telegraph from the variona ports the
details of the Sea Island cottou movement for tbe week
The receipts for the week ending to night (Dec. 24) and
since Sept. 1, 1903, the stocks to-night and the same items
for the corresponding periods of 1902, are aa follows:
1902.
1903.
Receipts
to
Dee. 24.
TMt
This
Since
week. Sept. 1
Savaunab
2.293
Charleatun, Ao.
Florida. Ao
7>^9
1903.
1
3l.«^2l S,i2e
7,571i
897
46.008
S,26^
S83
6,!»04
600
Total
Since
week. Sept.
<>,124|
47,3471 4,406
3.633
1908
7,514 19,826
1,646
684
166 1,534
60,7771 9,325 21,544
The exports for the week ending this evening reach a total
of 854 bales, of which 238 bales were to Great Britain,
to Bremen, and the amount for416 to France and
warded to Northern mills has been 1,809 bales. Below are
the exports for the week and sines Sept. 1 in 1903 and 1902.
Week Ending Dee. 24. Since Sept.
1903.
:ilort\'n Mill9.
Total.
Week. Bept.l.
4,942 15,646
9S9 10,010
250 2,290
600 6,944
1,
BrnporlM
from—
Qreat
Fr'nce
Brit'n.
de.
Sayannah...
Oharrt'n,&o
416
100
Qreat Fr'nce
Total. Brit'n.
Ac.
616 10,603
i9>nee
Florida, <to.
New
York..
Boston
"138
"so 3 4l607
3i704
"iS8
"•"
786
••••aa
785
......
PhUadelp'a.
238
416
654 15,092
5,246 20,337
1,8C9 19.244
3,135
660
3,685ll7,868
4,375 22,243'
997 31,293
Total
Totall902..
—
Quotations Dec. 24 at Savannah. For Qeorgias, extra fine,
21J^(322c.; choice, 22i^c.; fancy, 23»^c.
Charleston for Carolinas.— Fine, 27c.; fully fine. 28c.
Cotton Production and Consumption
in
New
New
at $5,600.
Jute Butts, Bagging, «&c.—The market for jute bagging
has continued inactive during the week under review, but
unchanged
at 6c. for
1%
lbs.
and
6>^c. for 2 lbs.»
standard grades. Jute butts dull at 13^@l%c. for paper
quality and 2@2}4c. for bagging quality.
—
SHiPPma News. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 198,765 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
New York—To Barcelona, per steamer Athalle, 1,812
NBw ORLEANS -To Liiverpool Deo 23— Steamer Darien,
Total bales.
1,812
4,000
6,000
4,000
To Havre -Ueo. 21—ttieamer Alton, 6.000
To Antwerp— Deo. 21— Steamer Bellenden, 100
To Barcelona -Deo. ]9-8t«an)er Oonde Wllfredo. 6,700
ToQenua
100
6,700
2,433
Deo. ''i2-Steaiuer Reglna Elena, 2,432
To Vera Cruz - Deo. 18-8teamer Nor, 1.50
150
Galveston To Liverpool— Deo. 19 Steamers Irak, 2l,S91;
Bwanley. 16.177 ...Dec. 2l -Steamer Politician, 16,V!48. 54,310
To MarBeilles— Dec. 19— Steamer Lacroma, 50
50
To Bremen-Dec. 18 -Steamers Ashantl. 11,492; Degama,
li.lOS
23.600
To Hamburg-Dec. 15— Steamer Northam, 3.264
3,364
To Rotterdam- Deo. 18- Steamer Golden Croes, l.lOii
1,109
To Barcelona -Dec. 19— Steamer L»oroma, 1.264
1,254
Dora
Baltea,
13,451
To Genoa— Deo. 18-8teamer
13,451
Steamer
Lacroma,
l.»7l
Trieste
-Deo.
To
18—
1,971
SABINE Pa88—To Bremen Deo. 18— Steamer Waverly, 9,001.. 9,001
PEN8A0OLA— To Bremen— Dec. 18— Steamer Uatasu, 7,802
7,802
Savannah- To Liverpool Deo. 21— Steamer St. Irene, 10,237. 10,227
To Havre-Dec. 19—Steamer Elswlck Park, 6.766
5,766
To Bremen- Deo. 19 Steamer E'swlck Park. 2,243
Deo. 23-Bteamer
Dec. 21 Steamer Mainz. 2,4C0
WartlmrK. 8,828
To
To
To
To
To
Mbxico.— In our
columns to-day on page 2366 will be found an
under the above caption.
editorial
article
Orleans Cotton Exchange.— A membership on the
Orleans Cotton Exchange sold at the close of last week
prices are
Stock.
[Vol. Lxxvii.
13.656
Rotterdam— Dec. 23—Steamer Axmlneter. 875
Hamburg-Dec. 23-Steamer Wartburg. 1,'-J9l
Antwerp-Dec. 23— Steamer Axmlns'er, lOO
Reval— Deo. 23-8teamer Wartourg. 950
Wartburg,
Riga— Deo. 23— Steamers Axmlnster, 200
875
1,291
100
950
400
2rK)
To Gothenburg- Deo. 23— Steamers Axmlnster,
350; Wart-
550
burg, 20i>
Deo. 23—
To Oporto-Dec. 31-Steamer St. Irene, 200
Exports of Cotton (iooos from GIreat Britain.— Below
Steamer Wartburg, 200
we give the exports of cotton yarn, goods, «S:c., from Great
To Barotflona— Dec. 19— Steamer Alabama, 2,860
Britain for the month of November and since January 1 in BatJNBwioK—To Liverpool— Deo. 21— Steamer Greatham, 1,319
To Manchester— Dec. 21— Steamer Greatham, 4,4a7
1908 and 1902, as compiled by us from the British Board Wilmington—
To Bremen-Dec. 21— Str. Davonshlre, 12.300..
It will be noticed that we have reduced
of Trade returns.
losTON To Liverpool— Dec. 18— Steamer Sachem, 115
Dec. 22- Steamers Bohemian, 1.1 il; Ultonla, 4,904
the movement all to pounds.
TamAThread
doth.
lotalof All.
omUUd.
OOOt
1003.
1902.
18.09e
Febraarr.
Lb$.
17,840
16,632
March
17,492
10,360
JanaaiT
••
—
1002.
1003.
Lb$.
16.826
Tdi.
475.995
403.016
480,476
1903.
1902.
Tdt.
Lbt.
600,812 90,331
480,781 88,020
460,008 03.486
1903.
Lbt.
Lbi.
107,627
00,105
83,472
86,425
Dec. 22-8teamer Oymrlc, 50
To Yarmooth- Deo. 2ii— Steame rBoston, ^5
Baltimobb— To Hamburg— Deo. 19 -Steamer Pallanza, 399.. ..
Saw FbanoiscO- To Japan— Dec. 22—Steamer Doric. 1,444....
61.230
6I,2S1 1,424,887 1,806,001 270,898 806,092
ie.462
18.74?
May
16,787
is.ooe
10,522
13.120
Jane
Tot. 2d qnar. 46,147
418.120
419,049
359.630
104,B5'J
114.291
09.707
109,908
102,286
882,093
310,373
111,101
206,591
488.573! 70,490
02,86S
79.607
81,184
08,362
74,6^1
06.942
96.454
81.260
48,390 1.198.009 1,307,671 827,609 248,201
873,656
JnlT
14,096
14.717
482,711
Ammst
14.078
10.507
September...
11,875
16,739
481.018
872,4St
Tot. >d guar.
October
KoTember...
,
427,726
898,376
97,706
87,784
91,770
83,818
92,018
t'6,«6
105,886
106,091
70,614
SO.iit
82,489
102,753
66.985
40,019
17.063 1,330,167 1.315,026 261,402 219,806
16.208
17.866
403,649
18.707
18.072
875,36)!
438,943
464.898
422,686
444,088
424,934
78,630
71,363
Total export* of cotton
08,080
205.016
297,768
84.28(<
01.828
101.014
80,054
86,070
98,726
Btooklnes and socka
c«itdrr articles
manufactnreg
770
830
34,180
29,S63
The particulars of the foregoing shipments for the week
arranged in our usual form, are as follows.
or a decrease of 39,233,000 lbs.
A further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during November and since January 1 in each of
tn^ last three years.
BXFORTS OF PIECE OOODS AND TABN8 TO PRIMCIPAL CODMTBIES IK
NOVEMBBB AND FBOM JANCAKT
Total jardi
Total ralne
1 TO
NOVEMBER
Jan
November.
1902.
1901.
.
30.
1 to
Nov
80.
1008.
lt02.
1901.
106,996 185.141 177.254 2,100,723 2.099.4^6 2.275.807
B)).4C3'
28.by0
1«.>;29
43,9'i6
27.740
tiH.iHb
30.tia2
21.fe68
40.»61
91.9iI7
784.246
838.6-11
49.8(9
518.W3fl
i50.41(8
eB«.7l7
212,041
891.133
274.487
878.1 its
2^.75.1
81.917
.'$1..=.50
1-8.506
24.889! 87.02^
82.750
602.018
284.076
327.6S0
802.522
480 940
258,7 13
370.115
266,398
344.67 i
376.808 134.934 432,476 4.739.662 4.880.288 4 863 258
160.570 161,397
i4.142 £4.428 1 4,487
*60.6b7
rams— Lbs.
(OOOt om4tt«d.)
Holland
...
Sermany
Oth. Sarope (except Turkey
aat Indlei
China and Japan
Tarker and KKTPt
All other oonntrlet
Total Ibi
Total Taioe..
ports,
many. North. South.
New York
4,000 6,000
50 26,864
Galveston. 64,310
9,001
Sab. Pass
7,802
'^eneaoola
iavannah.. 10,227 5,766 14,947
Srane-wlok 6,818
V.'.'.V. 12,266
Wilmlngt'n
6,180 '."'.'.'.
Boston....
N.
Orleans
3,250
..••
3,876
•
Japan.
3,584 29,870
Total.
1,814
18.383
99,009
9,001
7,802
36,965
OfOXO
12,300
6,285
••..•
•••««
65
80,533 11,816 71,313
Total
150
"399
Baltimore
San Fran
<Jtc.
1,812
100 8,182
1,109 le,676
•••.•«
399
....
1,444
1,444
205
1,444 198,766
The exports to Japan since Sept. 1 have been 21,849 bales
from the Pacific Coast.
Cotton freights at New York the past week have been
as follows.
Satur.
Mon.
Tues.
Wednei.
rAttr*.
JfH.
12
12
12
12
li
17
17
17
17
17
25
26
35
26
26
c.
20
20
20
20
20
c.
Bremen
20-221*
20-32ifl
20-2219
20-221S
>9
20-32
c
Hamburg
n
21
21
21
21
21
c.
Ghent
o
C
16
16
15
16
c.
15
fUitwerp
P<
to
30
30
30
30
lndlxeet..e.
30
Beval,
86
85
36
86
85
aeval, via Oanal.e.
31
21
25
25
25
Baroerna.Ud'r't.e.
18
18
18
18
18
e.
S^enoa
27
27
27
27
27
meate, asked ..c.
60
60
50
60
50
lapan (via Bnez).e
Qautatlons are cents per 100 Iba.
Liverpool. By cable from Liverpool we have the following
statement of the week's sales, stocks, &c., at that port.
Uvcrpooi
Uasohester
Havre
o.
«.
.
1908.
last iDdiei
TnrkeT. Kgypt and Africa...
Ohlua and Japan
arope (except Tarker)
Booth America
North America
All other oonntrle*
^ Oth. JS' rope—- Mexico,
Great French Ger-
1,102,062 1,141.795
The foregoing anowtj that there has been exportea from the
United Kingdom during the eleven months 1,102,563,000 lbs,
ot manufactured cotton, against 1,141,795,000 Iba. last year,
Piece Goodt— Yards.
(OOOf omitted.)
399
1.444
198,765
Total
~ht.
j
Apnl
6,180
55
1902.
Brit'n.
Tot.lBt qnar
400
3,850
1,319
4,497
12,d00
S.eoi
2,408
2.078
*,614
8.169
2.0^1
2.645
2.41<
8.0*1
1.228
1,925
860H
24.520
2«,651
20.046
29.995
8.478
2i.&e«
18 068
24,802
21.^91
86,69H
8«.'*9
13.266
20.786
14.516
166.186
£7.829
UKUl
805
l,2l'8
l.:i79
2.4 7 S
2,14-
l.biel
28.432
19.790
K4.777
6,884
16.864
10.006
11,624
16,176
14,787
186.876
168.821
i024
JtOTS
ioio
JEfl.804
Jl;6.79!J
2.8 ?r
1.780
1 59'i
—
Dee.
week
4
Dee. 11-
Dec. 18
bales.
8i,i/U0
S8,i/uu
31,uu>^
Of which exporters took. ..
Of which speonlators took.
Sales American
Actual export
Forwarded
Total stock— Estimated
Of which American- Est'd.
Total Import of the week...
Of which American
1,000
1,000
1,000
1,000
84,000
15,000
2,000
2,000
28.U0t
6,000
96,00C
Sales of the
Amount
afl'iat.
Of which American
30,000
4,000
70,000
379,000
293.000
143,000
117.000
430,000
391,000
76,000
408,000
327,000
110.000
115,000
375,000
321.000
443.000
371,000
138.00C
ivo.ooc
387,00(1
828. OOf
Dec. 24
1400O
11A)00
8,000
68,000
464,000
395.000
86,000
7O.000
882,000
328.000
Dec.
20. 1903.
The tone
THE
|
of the Liverpool
market for spots and fatures
Safdav. Monaay. Tu»a<tA^. Wttt'day r*wrt(t>
Market,
12:30 p.m.
Dull.
Dull.
Quiet.
Mid. Upl'ds.
7 14
714
706
7-24
7-18
Sales
Speo. <&exp.
3,000
6.000
3,000
3,000
8 000
300
SOO
300
300
300
Dull.
t<rai.
Dull.
Irree. at
Ra^r at Steady at IrreK. at
Steady,
SdtlO 01$. 18al5 pts. I02 pti. i'Zti&tl pts onohanK'd
decline, adranoe
kdyanoe. decline,
NRW
H
o
Market,
A P. M.
strong at Irrec. at Quiet at Isteady at Stoarty,
iiXi:^ ptt.15'17^ ptsHP low.to23-2a^pts.;unchiinK'd
1 pt. iidy
adyanoa. decllno. 1 pt. hlt;b. adyanoe
I
i
i
|
'
I
The
prices of fatures at Liverpool for each day are ^iven
Prices are on the basis of Uplands, Good Ordinary
olanse. nnless otherwise stated.
below.
Tace.
Sat.
19
Dec 21
Dee.
Wad. Thar a.
Dee. 23
Fri.
Dee. 24
Dee. 26.
12>« 4 12i« 4
P.M. P.ILP.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
13>fl|
d.
\
12i«
Dee. 22
1
d.
\
.
6
Dee. -J an
Jone-Jaly
July-Aun
AUK.-f^pt
.
..
d.
d.
98 7 09 7
«8ii!7 036
Jan.-Feb.... 6 87 6 9»6
Feb-.Moh.... (5 84 6 97 6
Mob.-A.prU.. 6 82 6 956
April-May .. 6 82 6 94 t)
May- Jane... 6 81 6 93 6
December
4
02 6 91
98 6 87
94 6 83
92 6 81
9V 6
90 6
8A 6
6 79 6 916 87 6
6 75 6 88 6 83 6
6 616 73 ....I
4
Il2ifl
d.
d.
d.
d.
d.
7 04 6
7 0H[6
7 02 6
7 fit 6
6 97 6
6 8l|6
DAILY 0LO8IMO PRICKS OF CATS IN
YORK.
Ttiea.
Sal.
Mon.
Wed.
Thurs. Fri.
4v!%
No. 2 mixed in elev
42%
«'2%
42%
42% HoliNo. 2 white in elev
48
43
4i:%
43
day.
43%
DAILY 0LO8INO PRIOES OF NO. 2 MIXED OATS IN CHICAGO.
Sat.
Mon.
T^iea.
Wed.
Thurs. Fri.
8">38
Deo. delivery In elev
3479
35
35
o^r HoliMay delivery in elev
37
37
87%
37%
July delivery In elev
34
Si^s
34%
34%
Following are the closing quotations:
FLODB.
'3)4 45
Pine
Patent, winter
,.
i4 20
$2 90 -as 00
Superfine
3 20 '0)3 25
City mills, patent. 4 70 TTS 25
Extra, No. 2
3 25 'a>3 30
Rye flonr, napertiae 3 00 -313 65
Extra, No. 1
3 30 ftS 40
Buckwheat Hour.. 2 10 '3)2 85
'3
4 00
Clears
3 60
Corn meal
Stralghtfl
4 00 ®4 26
Western, etc
2 8.S -8)2 90
Patent, spring
4 65 ©5 85
Brandy wine
2 90 02 95
i
OBAIN.
Corn, per bush—
H. Dal.. No. 1
Western mixed
f.o b
N'tUern Dal., No. 1. f. 0. b.94%
No. 2 mixed
Rtvi winter. No. 2.. f.o. b.92%
No. 2 yellow
Hard winter. No. 2. f.o. b.93%
No. 2 white
Oats— Mixed, p. bush. 39%©43% Rye, per bushWhite
41 '945
Western
:
42 '948
No. 2 mixed....
State and Jersey
No. 2 white
42%'a>43% Barley— Weal
Feeding
Wheat, per bush—
d.
6 94 6i)l 7 11 7 14 7 07 7 14
6 90 6 87 7 07 7 10 7 03 7 10
6 8ti 6 84 7 04 7 07 7 00 7 07
6.>-4 6 88 7 03 7 06 6 98 7 05
80 6 83 t>80 7 01
79 682 6 79 7 00
78 6 81 6 78 esp
75 t!79 6 7t 6 97
73 6 76 6 78 G94
6 60 6 58 6 79
Oats for future delivery at the Western markets have been
and there has been a slight sagging of prices. The crop
movement has continued only moderate, but there has been
a dull trade demand and the light offerings have sufficed to
weaken prices slightly. The spot market has been dull and
slightly easier for white oats. The market closed quiet but
dull
steady.
Future*
Market
opened
2401
(.^HROXICLE.
each day of the weefe ending Dec. 34 and the daily closing
'
prices of spot cotton, have been as follows.
Spot.
—
.
..
m
o
c
97 7 04
96 7 03
9S 7 02
96 7(.0
SO 6 97
75 6 82
0.
BREADSTUPFS.
Thtjesday, Dec. 24, 1903.
Bnsiness in the market for wheat flour has been quiet,
buyers as a general rule being slow in placing orders and the
few purchases they have made being limited to small
There has been no pressure to sell, mills generally
lines.
holding firm and naming full prices. There has been a
limited bnsiness transacted in Kansas straights for export,
via the Gulf ports. City mills have been firm at uuchanged
prices. Buckwheat flour has been dull and unchanged. Rye
flour has bem neglected, Corn meal ha3 been quiet but steady.
Speculation in wheat for future delivery has been quiet,
but there has been a fractional improvement in prices.
Early in the week there were reports of more favorable climatic conditions in Argentina for the harvesting of this
wheat crop, and this, coupled with the advices from the
interior reporting larger receipts in the Northwest and a
full movement in the Southwest, had a temporary weakening influence. Subsequently, however, the market again
turned firmer.
The winter-wheat crop was reported
without
scow
covering
and
subject
to
damage
from severe weather. The full crop movement, it was predicted, will be of fhort duration. Shorts in December delivery in the New York market were nervous and in their
anxiety to 'cover contracts prices for this delivery made a
fairly sharp advance.
The spot market has been firmer but
only a limited export business has been transacted. The
disquieting political news from the Far E»st appeared to
have little influence upon the foreign markets.
To-day
prices advanced early on war talk from the Far East, but
later lost part of the improvement. The spot market was
higher. The sales for export were 136,000 bushels, all at
outports.
DAILY CLOBINO PBICE80F N0.2 BED ^VTNTBB WHEAT HT NE W^
Sat
Mon.
Tues.
Wed. Thur$. Fri.
98ia
9588
Oa«b wheat f. o. b
9sH
gs'e
94%
YORK
92i8
92'8
9458 Holl92^
98%
86I4
86is
SS'g
86\ day.
S^'s
b2ie
8289
82
8238
82%
DAn.T 0LO8INO PEICES OF NO. 2 8FBINQ WHEAT IN OHIOAOO.
Sat.
Mon. Tue*.
Wed. Thurs. Fri.
SoSh
Deo. delivery In elev
So^g
80%
8i%
80%
SSOg ^f""
May deUrery In elev
8279
8314
8338
82%
'^*'7714
July deUTory
7738
7758
oiev
77%
78
Deo. delivery In elev
May
delivery In elev
Jaly delivery In elev
Indian corn futures have been quiet. Fluctuations in
prices have continued narrow and no important changes
have occurred. Despite the fact that the crop movement
has been only moderate, the visible supply of corn is slowly
increasing, which reflects a light trade demand; in fact, the
small shipping demand from the Eastern markets is a general
disappointment. Reports are current to the effect that an
increased movement in the crop is indicated, but as there developed no aggressive selling in the speculative market,
prices have been fairly well maintained. The spot market
has been dull but steady. To-day the market was firmer
but quiet. The spot market was firmer but quiet.
DAILT OLOSINO PRICES OF NO. 2 MIXED CORN IN NEtV YORK.
Thur$. Fri.
Sat.
Man. Ittet.
Wed.
53
52
May
fts
51%
53
5H»
53
61%
53%
62
tt„h
"f"*
49''8
50S8
'*
delivery In elev
4978
4934
50
DAILT CL08INQ PRICES OF NO. 2 MIXED CORN IN CHICAGO.
Sat.
Mon.
Wed. Thur: Fri.
Tues.
Deo. delivery in elev
May delivery in elev
July delivery in elev
42%
44
43%
41'4
43%
4^89
4i%
43%
43%
4II4
44
43%
o.
'958
o.
f.
o.
f. o.
f.
b.52%
b.56
b.53
1
58 -963%
56 -958%
53 '984
42 »44
follows: From San Francisco to United Kingdom, 19,000
bushels wheat and 88,400 bushels barley; to China and Japan,
14,000 bbls. flonr. From Portland to the United Kingdom,
133.000 bushels wheat.
Combining these fig^ures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1903, comparison being
made with the corresponding period of 1902.
Export*
Flour,
Wheat,
Corn,
Oats,
Barley,
bbls.
tyush.
bush.
bush.
bush.
fromrSan Fran.
Paget 8'd.
525,356 1,106.667
789 000
743,800
Portland., 461,700 1,758,000
19,747
Total. ...1.775,956 8,651,467
Tot. 1902.1,750,077 13,900,000
19,747
23,051
41%
tt„h
448a ^"' ,
437^ aay-S
Sye,
bush.
363
344
41,350 6,126,620
250,000 l.SO.OOO
694000
291,3150 6,850,620
707
730,000 6.800,000 191,230
The movement of breadstuff s to market as Indicated in the
is prepared by ns from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Dec. 19
•tatements below
and since Aug.
Receipt*
at—
1,
for each of the last three years have been:
WTitM.
fiour.
OaU.
Corn.
Barlty.
Rv*.
Bbtj.ig6lba Bu»h.eoW). Buih.&6 lb$ Bush.32 lb' Btuh.iSlb$ Bu.59 lbs.
199.6tS
618.442
1,174,762
1,067,278
683,376
Chloago
87,415
33,035
62,700
142,100
£60,440
801,450
Milwaukee
21,800
...
451,999
64,807
48,820
17,965
Duluth
295.140
2.661.880
580,140
170.410
Minneapolis.
40,050
235,000
48,70(
48.000
4,000
Toledo
1,800
48.061
132,812
107.406
Detroit
7,400
13.578
204.895
1,350
900
Cleveland
3S.974
11,801
.
. .
Louis
Peoria
St.
Kansas
23.100
838,950
161,00f
40,000
67,500
89,700
2,400
1,164,905
168.020
227,690
303,041
1.156,300
168.000
102,000
5,867,754
2.«83,664
5.100,768
4,263,508
2.636 319
3,405 556
1,573.229
8,991,941
2.319.805
2,264.658
863.431
9,30S,2P5 130,925,756 89,824,887 73,569,280
10,042,732 163,581.028 49,636 232 86,9^4, 54^
9.668,690 150.145,777 69.258 821 69,748.020
89,132,114
31,734,242
City.
Tot. wk. 1903
8S9.669
855.50S
860,861
Same wk. '02.
Same wk. '01.
Binee Aug. 1.
1903
1902
1901„
128.265
577.000
683,707
82.000
64.586
....
4.068.461
5,970,408
3.216.686
28,il«8,149
The receipts of flour and grain at the seaboard ports for
the week ended Dec. 19, 1903, follow:
m
o. b
Deo. delivery in elev
0.
50
Exports of drain and Flour from Paclflo For tg.— The
exports of grain and flour from Pacific ports for the week
ending Dec. 24, as received by telegraph have been as
Bept-Oot....
Oe«.-Nov..
Oaahoomf.
0.
'i«i.
NtwYork.,
Bolton
<« >»• 190,967
.«..
Montreal...
..«
Pkiiadtlpkla... ......
Rnitlmore
SlohmoQd..
60,(47
6,018
66.466
118 884
....
2,841
Orlaanft*. ......
<ia«port Newi.......
23,983
21.173
'?%jw
jftiTeatcii
Portland, H«
»»
'oon. N B
Port Arthur
2 1, 0^3
16,653
Total week.... .»
W«ek
190?
0«rK,
Omsk,
ku«k.
bufk.
k'UsTk.
hnth
855,875
843.937
9,997
e3.f"5
120,833
41.432
140,000
160.650
79,814
619,600
104.635
f.
iih>.
616.480
43it.6B8
6i,69S
24,622
86,000
17,142
11,700
48,Htf»
63.827
18,678
25,0b0
820.800
186 OOj
103.873
40,000
" 9,486
IS.OOO
48,6a I
1,696,637
l,76i.3»0
9S8,021
2,058,564
948,568
688,812
• Receipts do not Include erraln passing; tbrouRh
ports on throueb bUls of ladinn.
1,960
1,488
]02,*i69
17,929
534,(/40
.B<ir<«»,
"8,*2'88
,
"2,400
84,400
2,475
27,062
800
1,000
New
34,785
111.29*
143.7S3
143,5>i9
Orleans for foreign
Total reoelptB at ports from Jan. 1 to Dec, 19 compare as
follows for fonr years:
1908.
1008.
1901.
)000.
^<«4*t «r—
83,144.190
21,280.878
21,457 154
riOUT
bbU. 21,824,011
IVbeat
3orn
ialm
Parley
lya.
Total eraln.
bUib. 100 082,911
'
97,823.718
181.793 4P3
165 695 875
98,462,897
24,83'!,280
6.i.l65,18l
'•
4,77S.'.i20
8,966,850
B0.*49,"19
8,948.882
6.57o 374
10o,0l«,803
70,4H6.879
l«3,B5iM76
•
368 811.284
216,104,848
"
6,2Me,Hn
087,925
10,29a.«e4
7ti.
3,688,2»»
i;,774,679
340,011,828
871,268,610
THE CHRONICLE.
•240-2
T&e exports Crom zhe several seaboard ports for the week
•ndlng Deo. 19, 1908, are shown in the annexed statement:
0«rn.
Haw
Boaton
«<3.403
lS^.'r37
BS.ill
Or!«*ni..
•WOT
I
.
85,e»7
DoMKSTio Cotton Goods.—The exports of cotton goods
from this port for the week ending Dec. 81 were 10,084
packages, valued at |465,498, their destination being to the
17.970
points specified in the tables below:
'i5."oo6
17^l.0^0
19,938
181.7&1
38.(<0S
to
i7.ua
8I.17S
8D,4»8
Joan.N.B.
ToUl
WMk
.
6tf.l07
*"3."84d
8,571
N«w YoBK TO
1.830.846
a73.0«7
Baaatlm«'08..1.S77.dd« l,yoy,820
516.8 IS
887.513
184.483
lie.011
8.671
Bl,aS6
of these exports tor the
1908, is as below:
-flour,Wh*at.
M.B90TH for
Sinc« July
Week Sin** Julv
m**k an' Hfi(« Dec 19 1. 190S.
Dee. 19
11'03.
July 1 to—
btlt.
bblt.
buth,
81.908
8,161
43.887
U1.619
week and since
1,
Onttai: KtngdoiB S6S.118
74.000
0. Amarioa.
34.»9;i
Wait indiaa
82.007
OonUnani
.A
3.64S.715
1 115.347
r.N.AmOolo't
1.434
ai.cua
t>V368
818.478
516.218
8.141.7P4
887613
8.a:c8.687
Total
,
W»ek
Corn.
9int$ Jniy
Dee. 19
tntih
t-82,838
87.629.2SS
4U80S3
13.d06,9tt7
189,317
410,817
7,814
l.t!38
11,SS1
809,262
11.439
e,so7
4»,315
1,^86,248
l.&77,86«
41.668.771
4.'t).643
e;i5.ie59
Otkar oowBtrlva
TotallBOl-OS....
71.B13.5<!5
07:4.027
1.80tf,taO
1908.
I.
buth.
18.719.390
14,«S4,H:J3
Ili9.8b0
ports, Dec. 19, 1908,
iMiurtatRawTork
Do •float...
Boston
B&lumore
Maw ji.MOf
MaiTMton
»u*k.
iu$h.
29.110.806
7.6SiS.489
0»ti,
hu$k.
Ufa.
Bmntt
31,000
608. oor
696,uu0
96,000
688 000
..„
706 000
1,806,000
ioVVouG
37,000
'
840,00,1
888,U(;0
«>««
...
118.uoi)
»ofOnto
«flalo
88,000
6,820 "0
Do afloat...... 718.000
ffolaflo
3a9.uov
Do afloat
888.000
•ttroit
Do afloat
8,728.000
OUaagO
Do afloat
MUwankaa
433.000
DO
afloat
rUWlll'm* Pt.Ank'T 1.637.000
1,520,000
Bllntll
Do afloat
Klmaaapolli
0.488,000
t.LooU
„ 6,172.000
Do afloat....^
KaaiaiCltT
768,000
117.010
116.000
160 000
460.O6O
1(66 000
10,000
70,006
87,000
138,000
1,000
8S.000
2.000
'iooo
74.1 Oft
1,887.000
125.000
564 nno
2,62i8."o6''
686.000
95.000
Se:6,000
1,068,001.
10,000
iii'.ooo
160,009
"9,000
8,003,000
l,818,00i
2se,bo6
261.000
'44,600
sosiood
'26.000
seo.'oiij
S41,0e(
5,000
'
18,000
1.000
450,000
46,000
"14,006
l,5'07".d6b
129,000
81,090
40,000
l,518.(>f0
31,000
"76."66"0
281,000
86,000
171,000
578,000
26,0OC
86.000
1,000
188.000
165.000
86,000
17,000
69,000
1903. ,.84.567,000
IMS. 84,804.000
190i. 48,816.000
1901. 6^,805.000
1900.. OMi 3,000
6.687.000
6.593.000
6,842,000
11,131,000
7,661,000
1,310,000
5.044.00''
Paofia
Udlanapolti
OBMliiisiipplBlTar
••
S54,000
86,000
OaLakai
OiaanalandrlTar.
Total Dec. 19.
Total Dec. 12,
Total Dec. 80.
Total Dec 21,
Tout Dec. 82.
.
8,529,000
8.877,000
6,0lS.O0O
6,599,000
9.357,000
1.15»,0CJ0
5,032.000
1,S70,000
2,660,000
1.863,010
8,4 2,000
2.0< 9,000
<
2,869,000
THE DRY GOODS TRADE.
New
Business in
all
Mrlea
York, Thitesday, P. M., Dec. 24, 1903.
market has been on a re
divisions of the
stricted scale this week, being confined to four days' opera,
with buyers showing in nearly all lines pronounced indifference to all but preesing requirements. In cotton
goods the strength of the market is out of all proportion to
volume of demand, manufacturers paying lesB attention to
the movement of merchandise than to the movement of cot-
tions,
ton prices. The latter is the sole factor so far as the mills
are concerned, and with a new high record this week there
has been further appreciation in the prices of numerous lines
of cotton goods, even in quarters where sellers admit that
few, if any, sales had been made on last week's basis. The
indifference of buyers towards forward business is pronounced where these advanced prices are asked. Few bids
are made a£d these serve to show in nearly ail instances that
the margin between the ideas of buyers and sellers is steadily
increasing. There is little prospect of any change in these
conditions in the near future. In an ordinary market only a
slow trade would be looked for between now aud the middle
of next month, and it is not likely that buyers and sellers will
come closer together within that time, either on home trade
account or for export. Widespread curtailment of production is still freely talked of, but there has been little news of
further additions this week to the machinery already idle.
silks divisions
5
2
1,615
1,183
121.040
14,306
43,438
9.762
26.299
2,864
11,864
4
3,660
6V9
272
20
303
867
51
....
..
Mexloo. ...^ ........... ...
OoBtral Amerloa. .... ...k.
.
•oatb Amerlo ».>... .......
Otuor Gonntrlfli.
Total
15
3
4,061
&9,8(>8
1,367
lO.OOO
162
2,052
1,142
123,816
20.866
28,792
11,106
26,009
2,167
10,092
66,968
13,822
10,327
294,821
1
3,308
234
815
82
279
801,738^
10,934
The value Of these New york exports since Jan. 1 to date
has been 114,890,808 in 1903, against $13,686,053 In 1903.
A number of advances have been.reported in'coarse, colored
cottons, including plaids, tickings, cheviots and denims, and
even at the higher quotations sellers are not anxious for business.
Buyers are confining their orders to limited quantities
in all descriptions. The orders coming forward for brown
sheetings ana drills are quite moderate, with exporters
still practically out of the market.
Sellers have in some instances withdrawn goods from sale or are holding them for
sale at a prohibitory level.
Business in bleached cottons has
generally established the advances made last week, but buyers have shown no disposition to operate with any degree of
freedom. The market is quiet but very firm for wide sheetings and cotton flannels and blankets. The upward tendency
in prints recently noted has found expression this week in a
number of advances In both staple lines and fancies, ranging
from %o. to }ic. per yard. Business has been light at the
higher prices. Ginghams are without quotable change, but
the tendency is agaiurt buyers. la fine wash fabrics both
printed and woven patterned goods are quiet. The market
for regular print cloths shows business done at 3^c., but no
sellers thereat at the close.
There has been a fair demand
for odds, with prices tending upwards.
—
Foreign Dey Goods. A moderate amount of businesa
has been reported in foreign dress goods, chiefly in lightweights. Business in silks has been on a limited scale without material change in prices. Ribbons are dull and irregular.
Linens and burlaps very firm, with a quiet business
doing.
Importationa and W^arebonae WItltdravrals ot Dry Gootta
The Importations and warehouse withdrawals ol dry goods
at this port for the week ending Dec, 24, 1903, and since
January 1, 1903, and for the oorresponding periods of last
year are as follows:
a
H
a
K
have been without new
feat-
Woolen Goods. — The market
for men's wear woolen and
worsted suitings shows no change from previotis conditions.
The supplementary demand for heavy-weights came forward
on a very conservative basis, buyers purchasing only limited
quantities of any description of woolena, andsbowingoontinued Indifference towards nearly all kinds of worsteds. The
tone of the market is steady for woolens but easy for worsteds.
Some business has been done in new light-weights for
the spring of 1905, but only a limited number of lines opened
so far. The irregularity in the market for netv overcoatings
continues. Further lines have been opened this week, some
at old prices, others showing declines ranging from 2i^c. to
10c. per yard.
The bnsiness done also shows considerable
irregularity in distribution, but islregarded as fairly satisfactory in the aggregate. Cloakings are in moderate request at
previous prices. Buyers have not operated in woolen and
B
S
1
3
t*
m
t
•
f
•
•
I
!
!
o
.
M
M
O
oo**
l(^
to to
'.VOMM^CO
tOOlOOOJ
CM
>-ltk
1
M
I
ow
MU<
QO
S
nj
toc^iaooto
CO
00
10
OS
t-kOH'
CXOI
fll
i
*. CO to •-'-'
©COW'-' CO
00 00 CO *^
oo
c*
a>
oou
^
loco
c;>ooi(k
Ol'-'
OM^©CO
to
OICO
Ico
»OMMIOI-<
toco
!il
B
o<
00
ot
»
<3J«0
',
OllUiOtOOS
>4GD
o
00
C3tO
1
•
Itn
i
00
1
'
w
!
i
!
"J a
I
S
—
i
001(^01
eg
1
C^ltCbSOCO
©Mi^lfOS
osooenoota
-aoQoo«ai
to
00 (-HI to HI
19
f-"
1
tO'CU*a<xi
00
IP- Ilk.
M
OCO
<«
10*'
MM
OvfcO
K>'C09MtO
M
cxtoco^ato
*
-^MOOCHtO
coa
to
I*''
mco
K
03lM^^tO
tDCOCOOUl
actoc^oo
1
OifO
toa
to
Kk
1
CXQO
B
•8
m
H
M
o
oo
CO
CO
OD
-J,
~4
ft)
K> ex
-JQDCXtD--l
- to 00 to CO
05-JOooiyi
<ia>
o
— co*k
l-'Osao»-
tOM M
— OflOtOl»k
OCOMrfkOl
©CO CO CO to
ato*.exo
if-MCXOO
)-ii('^ too
1^00 -J to^
•
00
a 00©
to©
l^tO>-M^
CO
r?
K^ to to
ex
toaoocx
O t0O5CC 3D
K->00CO0S0S
tocoec^M
C5_
coco-OMO
ex
to
tx
»-
a
to* Q
H
OS
!-•*-•
o
«
a
t»
to
>-•
(0
COMMtO
>
t0>4
o
CO to CO to ~4
ooaoao©>-i
OS A-.li'tO
W
<»
it
a
MtSCOtOOS
•*•
to <k^ to ^«e
en to
O
a
<
CO
ex
ex
00
S!
s
OCX OS to 1^
atoo^co* n
MCOOOM
K
Vi
W
MU, en 00 00
<0
A-
ex
00
ex
to
a
*if
eoex-j>-M
9CO
•1
«ts.
^OtOCXl('
o
ex
©
1^
z
a
»i
o
z
i(k
c
-<
w
r
A
to
toi^ose»-~)
•<
r
»
a
<d
^4
tOM
«eCO<DMII»
*^
•^
to
c;>0
9^
OSO
OS
<»
to
«q CXI-" -J CO
MO
M
03
MOO -J tow
OIQO
oil—
©to
-Voo^V
o»
03 to
CO ex to CO 00
ts
*eoi(k
MM
Ob to
CO
to
en
r.^
V
H
a
kO-v||^>-i<^
CO
CO
OS
to to
CROO
MlOlfc.CXH,
n
I0» H
O
to to to 00 CO
Oi»{P>^0S<)D
ex
Ob
OX' CD
-WllktOCO
©OS
OlC0-'«0O«
o to o M
tOIOO«kio
^ ^o a
tc
o«
©1^
(Otooiai^
«0J
coo
©io
cob co«
>^ n: 00 to
©
ooi->o-a<i
(stO
>-cw
o-tn
p-
t-t'
o>
tOkOOtODI^
en CO
>.tO»3l^tO
o
iri
CO' tS-'
©to
M
M
*l
M
H
a
00 CO CO
kO
"•co^jaiM
«0
h3
5
a
o
^<3>V>Oi<l
M
'
o
d
M
??
•5
aOMQOl^
M
©
*0
Vs'l^b 00 «3
to
e:
ato©<ito
M0»-J^05
MCO
to 00
OS OS
I-"
to
M Obo (OCOOICOCH
to
O
n ©
aoV.ow
o
2®
Mi-'O'XI^
o 00
o Mto CUMOD^JI^ dw b
c;l00^^ao»
K
t
CO >- Mj->
00
CO
ex
CO oo-* OS 00
i-bo w-^b
If^
s
.
.
O10't0*»01
too>
C0K3
T
i!
!
a
M»a
end
©ui
09
OS
C3
1
\
si!:
\
T
i!•
Si:?
Oil
s«
!
1
t-CX
wco
t
!
o
•
,co
COtSkOOOtO
WW
too
«0
00
t
.
tSM
OlM
0»<JKic;<to
a to
o!S
to
d
o
5
S S
O
•
iT
!!
•
Si
o
l|
S!i
ii
d*
e
B
m
siirii
H
e
V,
B
a
o
»1
e
o
m
J
The woolen and
ure of moment.
«tHe«/oi".i.
5,171
Weat iHdlea.....
f5 894
1,004,000
368.000
atontraal
1908.
Minetjan.l
l,0S9.b7U
as follows:
M40.000
^.
Philadelphia
was
Otrn,
areat Britain..^
Other Rnxopean.
Ohlna..^ ..... ..
[ndl»
AiabU..... .....
494.819
The visible supply of grain, comprising the stocks in
granary at the principal points of accnmnlatlon at lake and
eaboard
190S.
"8,700
43!e8V
lS,53i)
The destination
Jaly
Dec. 21.
Iftc*.
0.455
generally
Barltv
si7.ua
308.000
40,000
10S,S73
is
Pint
81.0U3
r7.843
Ntwi
9«lT*ltoD.
Port Arthur..
at.
259.233
but the market
kW(fc.
9,565
60.660
•Itlmor*
all freely,
0«tt,
S.SttO
rortiand. Ma. is«,coo
rklladalpkia..
^0,COO
Haw
I8S.S30
worsted dress goods at
in good shape.
40.779
ftbii.
York.....
[Vol. lxxvii.
tooc*.ast>i
toto^a.^
Mi^ to ex to
eo'to
s
©o>
JOO
*
OS CO ex to -4
m
<ioec»«4cD
©exoDCQ©
i»k
bo'lMOD
touocxcx
enowto'J
a
'-OOCOH'
©
w ooexcooM
f o
M
o 00 • 03
00 CO
O -'•-' »«( 2
U)
OS
M ex o ex at
O
cobex'ttb
to
V>
CO
tocxexai©
-I
lb'
O0-Jitk5i*.
OJOSvltOM
*to
4*
if^
-ooeo-Ji©
*
1
1
1
M
OOtOOO-^
'
—
"
——
:
Dec.
2().
THE CHRONICLE.
lOOS.]
t>403
Camden (Uhio) School District.— Bonds Fo«ed.— This
dis-
on Deo, 15 voted to Issue $15 000 school-house bonds.
Cassia county (Idaho) Schoi»l District No. 19.— Bond
Sate.— An issue of $2,600 G% bonds has been purchased at par
by the titate Board of Land Commiesioners, Maturity, Jan. 1,
trict
News
Items.
Lonislana.— Sfa<0 Legislature
Adfoums.— The
State Legia-
latnre, which conveued December 10 to enact legielatioa to
prevent, control nod eradicate the boll-weevil, adjoarned
December
21.
LoatSTille,
December
Rj.— Bonds Valid.—The Court
18 affirmed the decision of the
of Appeals on
Chancery Court of
Jefferson County, rendered June 15. holding valid the |500,000 park and sewer bonds voted at the November, 1900, election.
See V. 76, p. 1419.
Bond Proposals and Negotiations
this
week have been as follows
Allegheny, Pa.— Bond 7«sMe«.— The
:
ember
17
City Council en Decpaseed ordinances providing for the iseuance of the
following bonds
|il,487 it Superior Avcnne Improyemeut bonds. Date, Jan. 1, 1001. Maturity. Jan. 1, I90k>.
84,000 i% ourrent-eipense bonds, f<3.000 nccoont water department nnd
i-tl.i'OO account lurht-departmont.
Date Jan. 1, )»04.
Maturity,
•Iti.OOO yearly on Jan. 1 irom 1W05 to 1«08, Inclusive, and f20.000 Jan. 1,
1909.
Denomination, $1,000.
Interest semi-annually at the office
of the City Comptroller. Under the ordinances, these bonds
are to be issued and sold to the Sinking Fund Commission
at par.
Allegheny Gonnty (P. 0. Pittsburgh), Pa.— New Award
or Road Bonds.— Tht' 1550,000 4S road bonds (free of State
tax to holders) awarded Nov. 18 to N. W. Harris
Co., Chicago, at 103'617, have been re-awarded to the same firm at
par. The bonds, however, will now be subject to the State
tax, whereas the earlier award was on the basis of bonds
free of such tax, the county to pay the State tax thereon.
The reason for this change was that the question was raised
by the law firm of Lazear
Orr as to whether the issuanoe
or bonds at i% interest the county agreeing to pay the State
tax— was not in violation of the Act of 1901, which limits
the rate of interest to 4?. Other recent issues of this county
carried only S14% interest, and as the State tax is four-tenths
of one per cent, the objection now raised didnot then apply,
Altoona, Pa.— i^ondiS'aie.— On December 23 the |229,O0O
i.% lO-30-year (optional) refunding bonda dated Jan. I, 1904,
and described in V. 77, p. 2350. were awarded to Hayden,
Miller
Co.. Cleveland, at 101-206.
&
&
—
&
Aarora, III.— Bond Sale.— The City Council has passed an
ordinance awarding to N. W. Harris & Co., Chicago, an issue
of 120,000 4$ refunding bonds. Denomination, $600. Date,
Dcc. 1, 1903. Interest June I and December 1 at the banking
house of N. W. Harris & Co. of Chicago. Maturity, Aug. 1,
1912.
ATOn-bythe-Sea, N. J.—Bond Sloie.— On December 21, of
the $66,000 b% water and sewer bonds described in V. 77, p.
2350, $49,000 ($35,000 water and |14,000 sewer) were awarded
to Thompson, Tenney
Crawford of New York City at
&
100-01.
Bellaire, Ohio.— Bond Sale.— On December 17 the $6,741
5^ 3-year debt extension bonds and the $7,000 5% 3-year smallpox bonds described in V. 77, p. 2120, were awarded to A.
P. Tallman, Cashier First National Bank of Bellaire, at
100-37 and 100-536, respectively. Following are the bids
:
16,741
,,
.
r. m ,.
A.
P.
Tallman, ,.
Bellaire
R. Kleybolte 4 Co.. Cincinnati
New First National Bank, CoiumbuB
.
Bingham County (Idaho) School
i-iear Bonds.
J6.766 00
«,75i CO
6,74100
$7,000
S-year Bds.
$7,087 50
7,000 00
7,000 00
snbjpct to call before that d.iTe.
Catbklll (Town), N. Y.—Bond Sate.— On December 21 $18,000 4% brifige bonds were awarded to the Catp>kill Savings
Bank at 101-30. Denomination. $1,000. Date, Dec. 21, 19U3.
Interest, annual. Maturity, 1927.
Chicupee, Mass.— Loan Authorized. The Board of Aldermen on December 31 passed a resolution authorizing a $2,000
5% two-vear school loan.
Cliilllcolhe, Ohio.-Deficr/jj«ion of Bonds.— The $34,600
funding bonds recently authorized by the City Council will
carry 43-^^ interest, payable semi-annually at the office of
the City Treasurer. Denomination, $1,000, except one bond
for $500. Date, Dec, 25. 1903.
Maturity, ten years.
Clyde Park (Mont.) School District No. 41.— Bond Offering. —¥ropoBSi\B will be received until January 2, 1904, by
the Trustees, for $700 6% 5-year school house bonds, dated
Jan. 1, 1904. Interest semi annually at Livingston, Mont.
Bonds are exempt from all taxes. The district has no debt.
Assessed valuation, $35,000.
Columbus, Ohio. Honda to be Taken by Sinking Fund.
190i),
—
—
The Sinking Fund Commissioners on December
14 decided to
accept at par the $1,200,000 4% sewage-disposal-plant bonds
described in V. 77, p. 2121; also $22,000 local sewer bonds.
Cuyahoga County (P. 0. Clevelaud), Ohio.-Description
of Notes,— We are advised that the $109,440 Brecksville roadimprovement notes recently awarded to W, J, Hayes &Sons,
Cltveiand, carry 5% interest, and not i}y^i, as originally reported. Denomination, $5,760. Date, Dae. 1, 1903, InterMaturity, one note each six months,
est, semi-annual.
beginning June 1, 1904. The notes were awarded at 102-604
and interest.
Demopolis, Ala.
— Bond Sale. —^This
city has sold an issue
1, 1903, to I. A.
of Greenville, Miss, (a contractor), at par and in-
of $25.0u0 5% 30-year
Qaboury
sewer bonds dated Aug.
Mich.— Bond Sate.- On December 21 the $100,000
park improvement and the $81,000 33^^ public-sewer
bonds desoribed in V. 77, p. 2296. were awarded to the Detroit City Sinking Fund Commissioners >t 108 815— a basis
of about 8-05$. Following are the bids
Detroit,
3J^5g
:
$100,000
Park Honds.
$108.815 00
106,800 00
106,777 50
Detroit SinkiDK Fund Commissioners
State Savings Bank. Detroit
Noble. Moss 4 Co., Detroit
K H. RoilinsA Sons, Boston
Biodget. Merrill * Co., Boston
N. W. Halsey & Co., New York City
101,27200
101,04<i Ol)
100,56000
$81,000
Sewtr Bds.
»88.14i) 16
85,H«8 00
75
32
81,84240
81,463 60
8!),701
82.0
Bonds Voted. — The
election December 5
Ecorse, Mich.
resulted in a vote of 94 to 7 being cast in favor of issuing
$80,000 water bonds.
Fitchbarg, Mass.— Bond Sate.— This city, we are advised,
has placed an issue of $91,000 i% hospital bonds. Date of
bonds, Dec. 1, 1908. Interest, semi-annual. Maturity, Dec. 1,
1923, subject to call after one year.
Description of Bonds.—
are advised that the $6,000
sidewalk and $5,000 street-improvement bonds recently sold
interest, payable semi-an(see V. 77, p. 2296,) will carry
nually. Securities are dated Nov. 1, 1903. Maturity, onetenth of each issue yearly, 1904 to 1913, inclusive.
Gallitzln, Pa.— Bond Sdte.— On December 19 $6,000 5%
road bonds were awarded to O. R. Campbell at 106-66. Denomination, $1,000. Date, Dec. 1, 1903. Interest, semi-anannual. Maturity, Dec. 1, 1918.
Grafton (W. Ta.) Independent School District.— Bonds
Re- Awarded.— We are advised that the $55,000 4K* 10-34year (optional) school- building bonds awarded some weeks
ago to Farson, Leach
Co., New York City, have been reawarded to the First National Bank of Grafton at par and
We
H
District No. 28.— Bond
has sold to the State Board of Land Commissioners at par $3,500 5% bonds maturing Jan. 1, 1909, but
&
subject to call before maturity.
Bingham County (Idaho) School District No. 50.— Bond interest from July 1, 1903.
Sale.-Tha State boaid of Land Commissioners has purGrant County (P. 0. Marion), Ind.—Bond Offering,—
chased at par $1,600 5^ bonds of this district maturing Jan. 1, Proposals will be received until 2 p. M., Jan. 26, 1904, by the
1914, subject to call after five years.
County Auditor, for $95,000 ii jail bonds. Danouination,
Birmingham, Aia— Bond Sate.— The ten issues of 6^ ?1,000, Date, Feb. 1, 1904. Maturity, $5,000 in ten years
street-improvement bonds, aggregating |29,500, described in and $10,000 yearly thereafter. Certified check for 8% of par
last week's Chronicle, have been sold at par to the People's value of bonds, drawn on some bank in Grant County, paySavings Bank & Trust Co. of Birmingham. Denomination, able to the Board of Commissioners, required.
Date, Dec, 5= 1908, Interest, annual. Maturity, Dec.
$500,
Hamilton, Ohio.— Boad Election.— An election will be held
5, 1918, subject to call on any interest paying day.
in this city to vote on the question of issuing about $50,000
BlandinsTille (111.) School District.— Bonds Voted.— bonds to pay off existing Indebtednf ss,
This district, it is stated, has voted to issue bonds for school
Hamilton County (P. 0. Cincinnati), Ohio.— Bo?id« JVopurposes,
posed. The County Comcnissioners seek legislative authority
Baffiiio, N, Y.—Bond Sale.— Oa December;i9 the two issues to issue not exceeding $150,000 Longview Asylum bonds.
of 4<< 1-10-year (serial) refunding bonds, aggregating $150,Ingham County, Mich.— Price Paid for Bonds. -We are
000, were awarded to R. L. Day & Co., New York, at 101-58.
advised that the Detroit Trust Co. paid $38,050 for the $36,Following are the bids :
000 i% court-house bonds, the sale of which we reported in
176.000
$75,000
last week's CHEOisacLE.
dated Jan. L '04. dated Feb.l.'Oi.
TiTT,
..r.
R
L. Day &
Co., vr
New -T..
York
Kalamazoo (Mich.) School District No.l.— Bond SaZe.- On
101-58
lOrSS
Blodeet. Merrilt A Co.. Boston
101-28
101-28
Dec,
21 the $70,0G0 4i^« 1-10-year (serial) gold bonds
Commonwealth TruM Co.. Buflalo
101-23
101-23
N. W. Hams & Co.. New York
101-037
lOfOS? dated Jan. 15, 1904, were awarded to Farson, Leach & Co.,
Domlnlck & Dominick, New York
1(1-03
101-03
Uhicsgo, at 102-007. Following are the bids
N W.Halsey & Co New York
100'293
100-293
Josepti E. Gavin, Buffalo
100"14
100-16
Farson, Leach * Co., Chic. .$71,406 00 Trowbridge & Niver Co.,Chic.$70,763 00
Mason. Lewis & Co.. Cbic... 71.138 50 Uenlson, Prior S, Co., CleveSee V. 77, p. 2295, for description of bonds.
70,567 00
H Rolling & Sons. Boat... 71,102 50 land and Boston.
Bonds Authorized.— The Issuance of $150,000 814% 1-20-year EN.W.
71,0«»0o| Weil. Roth & Co.. Cincinnati. 70.560 00
Halsey * Co., N.Y
(serial) school bonds has been authorized. Authority, Chap- season^ood & Mayer. Cllncin. 71,011 00 If. L. Fuller <t Co.. Cleveland. 70.500 00
American Tr. & Sav. Bank.. 71,000 00 John NuvHCn & Co., ChlO
70,287 00
ter 184, Laws of 1902. Date, March 1, 1904. Interest semi- H. KleyDolteACo.. Cincln.... 70,88ii 50 Kalamazoo Sav. Bank
70,100 00
70,000 00
annually at the office of the City Comptroller or at the Gal- W. J. Hayes & Sons, Clere.. 70,766 00 Wm. Strong
latin National Bank, New York City.
For description of bonds see V. 77, p. 2352 and 2296.
Sate.— This
district
—
:
,
.
|
i
.
.
THE CHRONICLE.
2404
Kingston, N. Y.— Temporary Loan.— This city has nego~
with the Ulster
tiated a 4% six- months' loan of $2,833 87
County Savicgs Institution at par.
Kroschel, Kanabec County,
Minn.— Bond
Offering.— Pto-
posals will be received nntU 9 a. M., Jan. 18, 1904, by the
Town Snpervisors, care of John Roetberti;, Town Clerk, P. O.
Groninger, for $8,500 4<t road bonds. Interest annually on
July
1.
Latonla(Ky.) School District.— Bonds Fo^ed.— This
dis-
has voted to issue $'34,000 school-building bonds.
Leavenworth, Kan.— Bond Saie.— This city has sold at
par to local investors $39,163 5^ 1-10-year (serial) street improvement bonds, dated Dec. 1, 1908. Interest semi-annually
trict
in
February and August.
Long Beach, Cal —Bond Bid.— The only bid received
December 17 for the $100,000 5< pier bonds described in V.
77, p. 3397, was from S. A. Kean of Chicago, who offered
par less one-half of one per cent to pay expenses. The bid
was taken under consideration.
Lonisborg, N. C— Bond OjTertnflr.- Proposals will be received until 5 p. M., Jan. 11, 1904, by the Board of Commissioners, William Bailey, Chairman, for $65,000 water and
light bonds at not exceeding 6;^ interest.
Denominations
from $50 to $1,000. Interest, semi-annual. Maturity, thirty
years. Bids are requested for bonds bearing 4^, 43^;^, 5i or
6% interest. Certified cbeck for 5« of bonds bid for required.
The town has no bonded or iioating debt other than the
bonds now offered.
LaeasCoanty (P. 0. Toledo), Ohio.— Bond« De/'eafed.The issuance ot $25,000 i% bridge bonds is being considered
[Vol, Lxxvir.
&
Albert Kleybolte
Co., Cincinnati, submitted a bid of
$60,889 for the bonds, but this bid was received too late to
be considered.
Moultrie, (Ja.—Bond .ff/eciion.—The election to vote on
the question of issuing the $35,000 school bonds mentioned
in V. 77, p. 3397, will be held on Jan. 6, 1904.
Napa, Cal.— Bond Eleetion.-lt is stated that an election
will be held to vote on the question of issuing $35,000 publicimprovement bonds.
iNararro Coanty, Texas.— Bond* Registered,—The State
Comptroller on December 18 registered an issue of $150,000
'6% 10-30-year (optional) court-house bonds dated Oct, 10, 1908.
New Bedford, Mass.— Bond Sai«.— This city has awarded
$50,000 4% 30 year gold school and public- building, $80,000 i%
30-year gold sewer and $120,000 4j! 10- year gold improvement
bonds to R. L. Day
Co., Boston, at 105-516. The following
bids were received
Bids Received for the Entire Amount Offered,
105*616 Vermilye ft Co.. Boston
B. L. Day & Co., Boston„
106-11
N. W.HarrlB ft Co.. Boston
106-278 Merrill, Oldham ft Co.. Boston.. 104*839
&
E. H. Rolllus
ft
Sons, Boston... 106-SlU
Blodget, Merrltt
ft
Co., Boston. 104'66
Bids Received for Each Issue Separately.
{30,000
«S0,000
$180,000
SO-l'eir Bond*. iO-Fear Bond*. 10- rr. Bd$.
Estabrook ft Co., Boston
109 07
10703
lOSSa
New Bedford Fire-Cents Savings B'k. 10s*a82
10«-208
IOh-664
108-08
Blake Bros, ft Co., Boston
106-16
102-80
108-00
K. C. Stanwood ft Co., Boston
Bonds are in denomination of $1,000. interest, semi-an-
nual.
New
Berlin (N. T.) Union Free School District No. 2.—
We are just informed of the sale on October 15
of $3,000 5^ bonds to A. D. Spragne of New Berlin at 103'5a5.
Denomination, $500. Date, Oct. 1, 1903, Interest, annual.
Maturity, $500 yearly on October 1 from 1904 to 1907, inclu-
Bond
Sale.
—
by the County Commissioners.
McEee»port(Pa.) School Dl»tTict.—Bond Election.— The
Board of rfchool Controllers has passed a resolution submit- sive.
ting to a vote of the people at the spring election next FebNewton, Mass.— Bond Sale. We are advised that this city
ruary the question of issuing $200,000 school bonds.
has sold at private sale to Boston bankers an issue of $18,000
Manchester, Ohio.— Bond O^ering,— Proposals will be re- ^hi% Washington Street improvement bonds at par. Denomceived until 13 M., Jan. 11, 1904, by S. N. Greenlee, Village ination, $1,000. Date, Dec. 1, 1903. Interest semiannually
Clerk, for $8,000 5^ funding bonds. Authority, Section in Newton or at the National Bank of Redemption, Boston.
3701, Revised Statutes of Ohio. Ddnomination, 1 1,000. Date, Maturity, Dec. 1, 1928
Sept. 1, 1903. Interest semi-annually at the office of the
Nez Forces Coanty (Idaho) School District No. ^'l.—Bond
Village Treasurer. Maturity, $1,000 yearly on September 1 Sale.— The sale of $1,000 6% bonds to the State Board of Land
from 1911 to 1916, inclusive. Certified check for 1% of Commissioners at par was recently effected. Maturity, Jan.
amount of bonds bid for, payable to the Village Treasurer, 1, 1913, subject to call.
required. Bonded debt, $19,000; floating debt, $8,000; asOcilla, (Ja. Bond Offering.— PtopobslIb will be received
sessed valuation, $348,000.
until 13 M., Jan. 5, 1904, by C. C. Mims, City Clerk, for $15,Marion, Ohio. Bonds Defeated.— This city on December 1 000 6^ 30-year electric-light and school bonds. Denominavoted agaiDst tbe issnanje of $100,000 city-hall, $50,000 sew- tion, $1,000.
Date, Jan. 1, 1904. Interest, annual. Certiage-disposal and $10,000 park bonds, thepropositions failing fied check for $50 required with bids.
to receive the necessary two-thirds vote.
Ohio State University.— Cerit/icafe Sale.— We are advised
Mlddletown, Conn.—Bond Offering. Attention is called to that the $80,000 i% one-year certificates of indebtedness dethe advertisement elsewhere in this Department of the offer scribed in V. 77, p. 3173, were awarded to an officer of the
university as an investment for some trust funds.
ing of $100,000 8>^5f SO-year refunding bonds of this town.
Omaha, Douglas County, Neb.— Bond Sale.— Oa December
Proposals for the same will be received until 7 p. m., Tuesday 17 the $484,000 i}4% 30- year renewal bonds dated Jan. 1, 1904,
next, December 29, by James P. Stow, Town Treasurer. In and described in V. 77, p. 3173, were awarded to the Union Nathis connection, the Town Treasurer calls attention to the tlonel Bank of Omaha at 105*699 and interest. Following
—
—
fact that while the population has
shown a healthy growth
since 1876, the debt has materially decreased, having been
$1,170,000 in 1878 and being $784,000 in 1903, the latter figures
are the bids
Premium.
Premium.
Union Nat. Bank, Omaha. .127,683 16 E H. Rollins ft Sons. BO8ton.M,760 00
Uenlson. Prior ft Co., CleveMaoDonald, MoCoyft Co„Chi.
caKO
.
28,860
21,148
Seasongood ft Mayer. Clncln. 7,380
F R. Fulton ft Co., Chicago.. 6,061
Cincinnati Trust Co., Cinoin. 5,027
4,961
Mason, Lewis & Co., Chic
Spitzer
4 Co., Toledo
00
oo
land ft Boston
Farson. Leach ft Co. Chic
4.2750O
3.660 00
UnionSav. Bk.&Tr. Co.,Cln.. 836 00
including also the $100,000 floating debt. The tax rate of the
CO Security Sav. Bank ft Tr. Co.,
50
Toledo
103 60
town has also been reduced, having been $19 per $1,000 of
00 Well, Roth ft Co., Clncin
100 00
valuation in 1877 and $11 in 1903. We gave the details of
Orange Coanty, Tex.— Bonds Fofed. —The proposition to
the new issue on page 2297 of the Chronicle Dec. 12.
issue $10,000 bridge and $15,000 road-improvement 4< 10-40Mllwaaliee, ?f Ig.— Bond« Proposed. At a meeting of the year (optional) bonds carried at the election held Dec. 15
City Council held December 14 ordicances providing for the by a vote of 234 to 53.
Bonds Not Yet Sold.— We are advised
Oxford, N.
issuance of bonds aggregating $760,000 were introduced and
referred to the Finance Committee. The bonds are for the that the $48,000 30-year gold relunding bonds (amount refollowing purposes $50,000 for new isolation hospital, $250,- duced from $46,500), offered but not sold on Aug. 3 have not
000 for Twenty-seventh Street viaduct, $60,000 for parks, yet been placed. These bonds, the Mayor writes us, will not
$300,000 for schools, $100,000 for flushing tunnel and $100,000 be readvertised at present, but any offers for 4.^% bonds will
be considered by the town.
for permanent street improvements.
PatersoD, N. J.— Bonds Not SoZd.— No bids were received
Minden, La. Bond Election Postponed.
are advised
that the election which was to have been held on December December 81 for the $40,000 4% 1-4-year (serial) police-station
12 to vote ^m the question of issuing $86,000 5% water-works and the $55,000 4% renewal bonds described in V. 77, p. 3353.
Philippine Islands. Bond Issue. A conference between
bonds was postponed.
President
Rooaevelt and Secretaries Root and Shaw was held
Mississippi Levee District, M.ib».— Bonds Proposed.— It.
is stated that at the ntjzt meeting of the State Legislature a on December 38 regarding the iasuance of bondg for the raisthe
bill will be introduced providing for the issuance of $1,000,- ing of money with which to pay for the friars' lands
OOO b% bonds for the constr action and maintenance of levees. Philippines. The contracts for the purchase of the lands
Modesto Irrigation District, Stanislaag County, Cal.— were signed recently and the purchase price is $7,339,784.
Bond Election. An election will be held December 31 to The conterence resulted in the conclusion to issue $7,000,000
vote on the question of issuing $332,000 &% gold refunding 4% 10-30-year (optional) bonds. These securities, it is stated,
will be offered early in January, Congress already having
bonds.
Moline, JIL— Bond Sale.— Oa December 19 the $80,000 i%% authorized such bonds.
Phflenix, Ariz.— Bonds Voted.— By a vote of 786 to 336,
5-lU year (serial) filter-plant bonds described in V. 77, p.
2297, were awarded to N. W. Harris
Co. of Chicago at this city on December 13 authorized the issuance of bonds
103 03, accrued interest and blank bonds. Following are for the construction of a municipal water plant.
Plain City, Ohio.— Bond Sale.— On December 7 the $4,000
the bids considerpd :
N. W. Harris 4 Co.. Chic .»I6I,H18 00 VarsoD, Leacb & Co.. Cblo..**fll,l35 00 5i sewer-assespment bonds described in V. 77, p, 3138, were
G. M. Bechtel i (k3..DaVport.»ai,7W) oo Mason, Lewis & Co., Chic... .•61,038 00
awarded to S. Kuhn & Sons, Cincinnati, at 106'875 and inB. H. Rolllni ft Son*. Chic. •ttl.tfiOOO Am. Tr. ft Sav. Bant, Chic... ttl.OOO 00
K. KJay nolle & Co.. fnnoln....»f!l.i!60 00 John Nuveen ft Co.. Chicago. *H0,U60 00
terest.
Following are th« Viids
Merch. Loan & Tr. Co.. Chic •61.J5ZO0 Well, Both & Co., Cincinnati. 60,450 OU 8. Kuhn ft Sons, Cincinnati... .»4.?75 00 Denlson, Prior ft Co., Cl«ve»4,186 40
lundand Bo.ston
Heasouifoiid ft Mayer. Cinoiu.. 4.16'.<76
* And blank bonds free of cbarKe.
4,170 00 r.Hioprecnt Bros. Co.. Cleve... 4,18800
P. 8. HrlKBB ft Co., <;!ncln
Thu following proposals were received without certified Well, HoU) ft Co., Cincinnati. 4,165 00 Prov. Sav, Bk. ft Tr. Co.. Cln.. 4,120 00
4,14100 Feder. HolimanftCo.. Cln.... 4.020 OO
W. R. Tortd ft Co.. Clncln
chpcks as required, and were not thfrpforf* considered
Portland (Ore.) School District No. 1 -Hands Propoaed.—
D«al«on. Prior % Co.. ClereTrowbrtdKe*NlTerCo..Chlo.»|80,757 00
landanrl BoBtoD
$«1.062 00 w. J. Uayes ft Soni. Clere.. ««,5n 0<>
The issuance of from $500,000 to $1,000,000 school-house
V.W Haloev * C«.. N. T
fil,2l2 CO Haasonifood ft Maver. CIn.... «0.6ol 00
bonflfl is b^ing talked of in thia district.
MacDonal'l. McCoy* Co Chi. «l,0»t)00 Koyal Trust Co.. Chicago
Oi>
(i'),4:<
rirstNat. Bank, ChlcaKO
*rt0,881 0«
^l.O&UOO Chas. H. Coffin, Chicago
Botterdam School District No. 14, Schenectady Coanty,
S. A. Kean, Chicago
eu,0UU00
* And blank bondi free of charge.
N. Y.— Bortd O^ering.- Proposals will be received until 13 m.,
<
. . .
—
C—
:
— We
—
m
—
&
.
.
.
.
.
,
>
—
Dec.
26,
1
J
THE CHRONICLE.
903.
28, by Yates & Qrupe, Attorneys, Room 1, 331
State Street, Scbenectady, for $4,000 6| school bonds. Denomination, |20O. Date, Jan. 2, 1U04. Interest annnally at
the Union National Bank of Schenectady. Maturity, f 200
yearly on January 2 from 1905 to 1924, inclusive. The disAasesspd valuation, $32,0(i0;
trict has no debt at present.
fund a like amount of 6^ Lincoln
bonds called for payment Jan.
December
Daniel
real value about $150,000.
of the district.
W. Van Dyke
San Antonio, Texas.— Bonds Defeated.
—This
Maturity, Jan.
$1,000.
call before maturity.
—
&
—
May.
Talladega, Ala.— Bond Saie.— An issue of $10,000 Q% schoolbuilding bonds has been sold at par to the following parties
Mrs, L, A. Jemison, $8,000; Mrs. H. L. McEidroy, $2,000,
and Cecil Brown, $2,000— all residents of Talladega. Denomination, $500. Date, Jan. 1, 1904. Maturity, Jan. 1,
:
Solomon Township, Graham Connty, Kan.— Bond Sale.—
Thid township has sold an issue of $15,000 i}^i refunding
bonds to A A. Goddard of Topeka. These bonds are to re-
NEW
^io,ooo
Securities are subject to
1984.
1,
1934.
NEW
LOANS.
^^00,000
Louisiana State Levee Bonds, City Of
Notice is hereby given that in pursuance of the
provisions of Article 3, Chapter 2, Title 2, Part 4, of
the Political Code of the State of Montana, and of
the order duly made bj- the Board of County Commissioners of Cascade County, State of Montana, at
a meetlntr of said Board held on the 7th day of
December, 1903, the said Board of County Commissioners, will, on the 20TH DAY OF JANUARY
1804, at 10 o'clcck A. M. of said day, at the office of
the County Treasurer of said County, in the District
Court House in the City of Great Falls, Cascade
ana. under and by virtue of the order
County,
aforesaid and authorized by the resolution duly
adopted by said Board at a regolar meetine thereof
held on the 7th day of December. 1903, at the oflBce
of said Bo-ird in the District Court House in the
City of Great Falls. Cascade County, Montana, sell
coupon bonds of said Coucly of Cascade, to the
amount of TEN THOUSAND DOLLARS, drawing
Interest at the rate of FOUR AND ONK HALF per
centum per annum, payable semi annually on the
first day of January and the first day of July of each
year, which bonds will be of the denomination of
The Board of Commissioners of the Lafourche
Basin Leveo District ofl'ers for sale on DECEMBKK
ONE TBOUSAND DOLLARS EACH, and shall be
redeemable and payable TWENTY YEARS AFTER
THE DATE CF THEIR ISSUE, provided, however
that said bonds shall be redeemable, at the option
of the obligor. AT ANY TIME AFTER TEN
TEAKS from the date thereof. The said coupon
will be made payable
at any National
Bank designated by the purchaser and the said
bonds
County of ("ascade will delivtr such bonds at said
bank to the order of the purchaser. The Interest
on said bonds will be payable at the office ol the
Treasurer of said County of Cascade.
Sealed proposals for the purchase of said bonds,
subject to legality, will be received up to the time of
sale and the party or parties otferiog the highest bid
and price therefor will receive said bonds. A New
York draft or cheek certified by a Great Falls bank,
payable to the order of the County Treasurer of
Cascade C<)uuty aforesaid, to the amount oi $500,
must be deposited wiih tne County Tieasurer aforesaid bT each bidder as a guaranty of good faith.
Said Board of County Commissioners reserves the
any or all bids.
Bids should be marked "Bids on Bonds' and
adaressed to B>ed. L. Hill. County Clerk, Great Falls,
Cascade County, Montana.
By order of the Bo»rd of County Commissioners
of Cascade County, Montana.
FRED. L. HILL, County 'Clerk.
right to reject
hundered thousand ($500,000) dollars
of bonds, issued by authority of Act 14 of the General Assembly of 1898, for the purpose of redeeming
the bonds of this Board issued July 2d, 1893.
These bonds are of $1,00D denomination, dated
January 1st, 1904. and are due fifty years from date,
and redemable forty years from date, at the option
28th, 1903. five
of the Board.
They bear 5 per cent per annirm interest, payable
semi-annually by the Fiscal Agency of the State
In New Orleans, or by the Treasurer, Baton Rouge,
Louisiana, on January 1st and July 1st of each
year, interest coupons attached to bonds.
These bonds are secured by taxation and forced
contributions and sale of lands, and are absolutely
safe.
Sealed bids will be received for all or any part
of the above issue of bonds at the office of this
Board. Room 1, Fourth Floor Cotton Exchange
Building. New Orleans, Louisiana, up to MONDAY,
The
1903, at 12 o'clock M., at
which
any and
bids is reserved.
For further information apply to
V. MAURIN, President,
Uonaldsonyille, La.
Or W. J. McCUNE, Secretary.
Cotton Exchange Building, or Gretna, "La.
right to reject
MUNICIPAL AND
&
Co.,
La Salle
and
Corporationt,
Suitable for Savings Banks. Estates, Trust
Funds and conservative private investors.
Write for Cireular.
MASON, LEWIS & CO.
Blodg<ret,
Chicago.
Menitt
&
FIVE
at the rate of
SEMI
ANNUALLY
dated January
January, 19iO.
1,
(h%)
PEK CENT, PAYABLE
at the ottice of the City Treas-
urer in the City of
1904,
Mount Verm
n.
hey will be
and payable on the first day of
l
Each bid for the redemption bonds must be
accompanied by a certitied check for One Thousand
(*I.O 0) Dollars to order of City of
Mount Vernon
as
an evidence of good faith.
The said Oimtnon Council
will at said time open
such proposals as may be received and accept the
highest thereof if it deem it for the best interest ol
the City to do so; but it reserves the right to reject
any and all proposals should it deem it advisable.
By Statute the bonds cannot be sold for less than
par ana accrued interest.
Dated December
17. 19i'3.
RDWABn
A.
F.
F.
BRUSH,
W. REYNOLDS,
Mayor.
City Clerk.
R.FULTON & CO.,
Municipal Bonds,
171 LA SALLE STREET,^
CHICAGO.
STANWOOD
95
Co.,
BANKERS
Boston.
36 NASSAU STREET, NEW YORK,
16 Contyress Street,
Pbiladelphia. 8TAIE. CITT
'
E. C.
Street, Cbicagc.
BANKERS.
Boston.
will
MUNICiPAL BONDS.
Manlclpalltfes,
Ratlroadti
from 24; to -.170, inclusive and that, said bonds
be sold to the highest bidder at a public sale to
be held at said time and place.
These are a ."eries of bonds which are authorized to
be issued under and pnrsuuBt to Section 155 of
Chapter 182 of the L»ws of 18«2 as amended by
Chapter '9 of the Laws of 1890 and al.«o under and
pursuant to Section yO) of Chapttr 182 of the Laws
of 1892. Each bond will bH for the principal sum of
One Thousand (Jl.OOO) Dollars, and wMI bear interest
issued
CORPORATION
BONDS.
Z7I
Notice of sale of Redemption Bonds of the City of
N.Y.. the Fifth
dav of .lanuary, iflOl.
Mount Vernon
of
The Common Council of the City
will at its chamhors In the Lucas Building. Depot
Place, on the FIFTH DAY OF JANUARY, 1904. AT
EIGHT O'CLOCK P.M. receive sealed proposals
for the purchase of THIRTY (30) REUEMPTION
BONDS of said City, numbered cou«ecutively as
Mount Vernon. Westchester County,
all
MacDonald, McCoy
INVESTMENT BONDS
OF
28TH,
time all bids will be opened. Cash or a certified
check for an amount equal to 5 per cent of offer
must accompany each bid.
Mount Vernon
Six-Tear Sedemptlon Bonds.
Lafourche Basin Levee District.
DECEMBER
LOANS.
SALE OF 5%
Cascade County, Mont.,
COUPON BONDS.
Mom
Colorado Railroad Co.
Denomination,
1904.
Wq
,
LOANS.
1,
D
by a
city,
vote of 372 for to 1,277 against, defeated on December 19 the
proposition to issue $200,000 electric light-plant bonds.
San Anioulo (Texas) School Dial rict.—J5ond« lor Sale.—
This district, we are advised, has tor disposal at private sale
an igsue of $50,000 i% 20-40-year (optional) school bonds dated
Nov. 1, 19U3. Interest semi-annually at the office of the
Treasurer.
Sand Tolnt School District No. 3, Kootenai Connty,
Iduhv.— Bond Offering.— ProTpoa&la will be received until
Jan. 9, 1904, by Will F. Whitaker, Clerk Board of Trustees.
for $10,000 5% bonds. Interest will be payable February 1
and August 1 at the office of the Clerk Board of Trustees.
Maturity, Jan. 1, 1909. The suocessful bidder will be required to take $2,000 of the bonds on Maroh 1, 1904, and the
remaining $8,000 on July 1, 19!i4. Certified check for 5^ of
par value of the bonds required with bids,
San Mateo I'niou High School District, San Mateo
Conoti, I al. Bond, Ci^ertng. — Proposals will be received
until 2 P. M
Jan. 2, 1904, by P. P. Chamberlain, County
Treasurer, tor $23,000 5% bonds. Denomination, $500. Date,
Jan. 2, 1904. Interest, seml-annnnl. Maturitv, |1,600 Jan.
2, 1905; $1,500 Jan. 2, 1906, and $2,500 yearly on Jan. 2 from
1907 to 1914, inclusive. Bonds were authorized at election
held Nov. 14, 1908.
Schoharie (N. Y.) School District.—Bonds Authorized.—
The issuance of $20,C00 school building bonds has been anthorized
Shawano, Wis.- Bonds Voted. -This city on November 28
voted in favor of issuing $11,000 water and sewer bonds at
not exceeding 5% interest.
NEW
&
Springfield, Sarpy Connty, Neb.— Bond O^ertng.— Proposals will b« received until 7 p. M., Dec. 28, by Frank
Comte, Village Clerk, for $8,000 5% 5-20-year (optional)
registered water bonds.
mominatlon, $1,000. Date, Oct.
15,1908. Interest, annnally at th9 State Fiscal Agency in
New York City. The village hfts no outstanding debts at
present. The assessed valuation is $51,811 and the real value
$259,055. Ctrlified check for $200, payable to M. Q. Nicholson, Chairman Board of Trnsrees, required with bids.
are advised that
Stockton, Cal.— Bond Litigation,—
the validity of the $160,000 1% 40-year gold electric lightplant bonds offered but not sold last September is being
passed upon by the courts, and that it may be two years
before the legality of the ist-ue is finally determined.
Swanton (Ohio) School District.— Bonds Voted. According to reports, this district has voted to issue $16,000 schoolhouse brnds.
Sjracnse, N, T.— Bond Q^ertngr.- Proposals will be received until 12 M., Decemoer 28, by E J. Mack, City
Comptroller, for $262,000 ii 1-9-year (serial) local improvement bonds. Denominations, $5,000 and $3,000. Securities
are dated Dec. 1, 1903. Interest will be payable semiannually at the United States Mortgage
Trust Co , New York
City, and the said company will certify as to the genuineness
of the issue.
Bonds are to be registered at the office of the
City Comptroller.
Bond 8a/e On December 14 this city sold an issue of
$14,000 d^i bridge bonds to the Firemen's Pension Fund at
Date, April 1, 1903. Interest,
par. Denomination, $350.
semi-annual. Maturity, $700 yearly on April 1 from 1904 to
1928, inclusive. These are the bonds offered for sale last
Trustee
ia
2405
& BAILBOAD BONDS
8b
Co.,
BANKERS.
Milk Street,
BOSTON.
A BAWGAIN IN
Gilt-Edge
VERMONT
Bonds.
Write for circular.
Our fancy 1904 Calendar free to investors.
HARRY
B. POWELl. & CO.
W«odst*ok, Vermont.
THE CHRONICLE.
,>40(;
Toledo, Ohio.— Bond* Authorised.— The City Couaoil on
December 14 passed ordinances providing for the issuance of
the following bonds:
[Vol. Lxxvii.
4<( street-pavi nsr-local 1 mprovem't debentures, maturing Aug. 81, 1913.
4,704 90 4< local -liuproveuieut debentures, maturing Aug. 81, 1H13.
4,900 S3 4if street-pavlng-lucal-lmprovem't debentures, maturing Nov. 15, 1918.
94,043 8 1
on securities will be payable semi-annually at the
the City Treasurer.
Vinita, Ind. Ter.— Bond Sale.— The $65,000 5^ water and
the $20,000 6% sewer 20-year bonds offered but not sold on
November 28 have been disposed of to Parson, Leach & Co. of
Interest
133,107 78 *% Cberry Street astsessmont bonds. Date. Oct. 94, 1908. Interest
seml-auuaally at office of City Treasurer. Maturity, "not to exceed
Jrt.tMO In anT one ye»r between 1904 and 1908. Inclusive."
914 33 4$ Dove Lnne assessment bonds. Date, Nov .ai, 1903. Interest
semi-annuHlIv at office of City Treasurer. Maturity, "not to exceed
$lS-l In any one year between 1904 and 1908, inclusive."
Topeka, Kan.— Bond Sale.— On December 18 $79,100 43>^*
25-year refundins; bonds, dated Jan. 1, 1994, were awarded to
Trowbridge & Niver Co., Chicago, at 102'51 and interest.
Following are the bids
:
Premium,
Premiunv.
Trowbrldite A NiverCo.. Chto..|l,»»86 00
Ma»ou. Lewis A Co., ChlcaKO.. 1,716 47
1,000 00
Cincinnati Trust Co
837 no
Spltxer A Co., Toledo
479 00
N W. Harris A Co.. Clilcairo... 4/wuu,
116 00
Seasonsood A Mayer, Clncin
17 0J|
VV. J. Hayes A Sons, Cleve...
Denlson, Prtor
& Co., Cleyeland
and Boston
t8(J7
*
Co.. Cleve
Lfvmpreoht Bros. Co.. Cleve
F. L. Fuller
Holzman *Co.,Cin
Jobu Nuveen & Co. (less 1160)
00
3 00
Keder,
.
.
Par
Par
Pnr
oflBce of
Chicago at par.
(111.) School Oistrlct. —Bond« Fofed.— This
according to reports, has voted to issue $10,000
school bonds.
White Plains, N. Y.—Bond Sale.~On December 21 the
$80,000 5^ 30-year bonds dated Dec. 1, 1903, and described in
V. 77, p. 2176, were awarded to Estabrook & Co., New York
WaynesTiUe
district,
and interest.
Wyandotte, Mich.— Bonds Fofed.- By a vote of 870 for to
136 against, this city on Dec. 14 authorized the issuance of
$100,000 sewer bonds. No details of this issue have as yet
City, at 117*419
These bonds were originally offered as 5s on December 14,
bnt the sale was postponed to December 17 and again to December 18, the interest rate meanwhile being reduced to 4}>^^.
Trotwood, Ohio.— Bond Offering. Proposals will be received until 12 M., Jan. 14, 19J4, by Walter L. Baskon, Vil-
been determined upon.
York County, Ont.— Debenture Election, An election will
be held in this county on Jan 4, 1904, to vote on a by-law
providing for the issuance of $150,000 road debentures.
lage Clerk, for 1400 Broadway Street. $400 Main Street
(west) and $400 Main Street (east) 6'? 3-5 year (serial) improvement bonds. Denomination, $100. Date, Jan. 11, 1904.
STATE AND CITY DEBT CHANGES.
—
Certified check on a
semiannually in Dayton,
national bank for $20, payable to the Village Clerk, required
with bids for each issue.
Van Bnren (canty (F. 0. Keosanqua), Iowa.— Bonds <o
be Issued.— ThiB oounty is about to issue $84,000 refunding
bonds of $100 each. These securities, it is stated, will be
offered to local people by popular subscriptions.
Interest,
YADdergrift, Pa.— Bond dale.— On Dae. 5 $11,000 5^ refunding and improvement bonds were awarded to Denison,
Prior & Co. of Cleveland and Boston at 103'47 and interest.
Denomination, $500. Date, Dec. 1, 1903.
Interest, semiannually free from tax. Maturity, $500 yearly on Dec. 1
from 1904
to 1925, inclusive.
Victoria, B. C.—Dtbenhire Sale.— On December 7 this city
sold $14,248 94 i% debentures, part to G. H. Burns at par and
part to Chas. Kent at 98. Securities are as follows
:
NEW
LOANS.
#30,000
City of Niagara Falls, N. T.,
Street Improvement Bonds.
NEW
—
Sioax City, Iowa.— T. C. Prescott, Treasurer.
in Woodbury County.
Sioux City
is fiituated
LOANS—
fVhen Due.
When DueLOANS—
Judgment Funding Bonds—
I
Refunding Bonds—
|
$95,000
Oct. 1, 1917
5s,
Subject to call after 1915.
59. ...... 125,000.... Nov. 1, 1917
Subject to call after 1915.
I
'
.
375,000.... May 1, 1906
($25,000 yearly) to 1920
4128,
$40,100.... Jan. 1,1916
Subject to call after 1906.
412S,
4V!S.
.,$105,000.. Jan. 1,1918
a»<
ASSUMED
INDBBTKDNESS—
(Not city obligations.)
Water tis, $50,000 ..
1, 1904
(Subject to call in part.)
Bond, debt Deo. 8, '03. .$1,165,850
Assumed debt
May
(not in-
cluded above)
50,000
4I23,
Aug.,1920 Appraised value 1903.24,252,088
$74,250
Improvement Bonds—
Assessed valuation (H
Oct., 1917
5s,
$36,500
apiiralsers' value)'03. 6,063.022
Subject to call after 1907.
Total tax (per $1,000) 1899.$67-50
Funding Bonds—
Population in 1890 was
37,806
.Tan. 1, 1919 Population in 1900 was
48, J&J, .'^315,000
33,111
Subject to call after 1914.
INTEREST is payable in New York City.
NEW
LOANS.
^^oo,ooo
KANSAS CITY,
LOANS.
^100,000
MO., Town
WATER BONDS.
of Middletown, Conn.,
BHi Non-Taxable
Town
Straight 20Tear
Air Line Befanding Bonds.
Sealed proposals will be received by the undersigned (the Mayor and the City Comptroller of
Sealed proposals endorsed "Proposals for Bonds,''
Kansas City, Mo.) until January 4, 1904, at 2 o'clock,,
P. M.. for the purchase of all or any part of $500,000 with a certifled check on a national bank for $2,000
thirty thousand dollars (130,000 Ot).
Said bunds will be thirty (30) in number, of one four per cent Water Works Coupon Bonds of the enclosed, will be received by James P. Stow, Town
thousand dollars (11,(00 00) each, all of which wdl City of Kansas City, Mo.; bonds to be of the denom- Treasurer, until 7 o'clock, TUESDAY EVENING,
be payable January 1st, lv2t, with Interest eemi- ination of Jl.OOO each, to be dated January 1. 1904, DECEMBER 29TH. 1003 (at said time they will be
annnalW at the rate oJ four per cent (4%) per annum, and to mature Jan. 1, 1921. Interest payable semi- opened In public), for the purchase of $100,000 of
principal payablp at Hanover National Bank, >ew
office
said bonds, dated January 1st, 1904. An approprlYork rity, and the Interest payubleto the rexlstered annually. Principal and interest payable at the
holders of said bonds. In New York exchange Such of the City Treasurer of Kansas City, Missouri, In 'ation will be made of an amount not less than
bonds are City of Niagara Falls Tenth Street Under- Kansas City, Mo., or at the Oriental Bank in the $10,1 00 each year for ten years for payment of
ground Crossing bonds ^e^ies "I," and numbered City and State of New York, at the option of the $100,000 ot A. L. bonds, maturing from January 1st,
i904 to 1908. inclusive, also a sinking fund will be
one to thirty, inclusive
holder.
established in 1914 lor an amount not less than
Each bid mn.it be accompanied by a certifled check
by
approved
will
be
the
bonds
of
The
legality
$10,000 each year to meet payment of other town
of some responsible bankinginsiitution for $1,500 00,
made payable to the City of Niagara Falls, N. Y.. as Messrs. Dillon & Hubbard of New York, whose bOBds coming due hereatter.
will
dethereof,
will
taken
upon
duplicate
bonds
legality,
or
Assessed valuation, as equalized for State and
that
the
be
the
guaranty
opinion
as
to
a
livery, within two weeks from oate of award, and
be delivered to the purchaser or purchasers of said '"ounty Tax, 1902, $10,080,214. Assessed valuation
All
by Town Assessors. 1902, »8,640,000. True valuation
must state price of bonds and accrued interest.
bonds.
of all taxable property, $i 0.540,000.
such bids to be enclosed in a sealed envelope, marked
furnished (estimated)
form
blank
on
a
must
be
made
Each
bid
Bonded debt, $684,000: floating debt (to be bonded
"Proposal for Bonds."
duly
by
a
accompanied
and
must
be
City
the
by
January 1st, '904). $100.iioo. Population (Census
The Board of Public Works reserves the right to
certified check on a National Bank doing business in 19 0). 17,486. Present (estimated) population, 80,0li0.
reject any or all bids.
$ IT.TOa.St^O 00
Assesi-ed valuation
Kansas City, Mo., payable to the order of the Treas- There has been no default of any obligation of city
1,391,695 00
Bonded indebtedness
,, ^,
urer of Kansas ' ity. Mo., for two per cent of the par or town.
26,000
The right is re.-erved to reject any and all bids or
Population
value of the bonds bid for. The right is reserved to proposals. Bias for leas than par not accepted.
By oroer of the Board of Public Works
Proposals must be made upim the prescribed form
GEOKGE F. DIEMEK, City Clerk. reject any or all bids.
Delivery of the Bonds will be made on January 15, on a blank attached to circular of parltcnlars,
Dated Niagara Falls, N.Y., December 15, 1903.
appliciitlcn to the
1904, at 11 o'clock A M. at the ofBce of the City which may be obtained upon
or proposals n ust be
Comptroller of Kansas City, in Konsas City, Mo, Town Treasurer, and all bids
to
addressed
„
„
Bids will be received at the office of the Mayor of
JAMBS P. STOW, Town Treasurer,
Middletown, Conn.
Kansas City, Mo., in the City Hall in said City, but no
bid will he entitled to con.sideratlon unless received
by or before the hour above set for receiving bids.
of the
Printed circulars containing more deUnite and
detailed Information with reference to said Bonds
and blank forms for bids, can be had on application
N.J.
to the City Comptroller of Kansas City. Mo., or to
Messrs Dillon & Hubbard of New York City.
JAMES A. REED,
underreceived
the
will
be
by
Sealed proposals
Mayor of Kansas City, Mo.
A. E. GALLAGHER,
signed until 8:16 P. M. JANUARY 27. 1904. for the
Comptroller of Kansas City, Mo.
porchnse of $4&,4f)0 4» coupon bonds of the BOARD
3 Nassau Street,
40 Water Street,
Sealed proposals will be received by Ihe Board of
Public Works of theCiiy of Niagara Falls. New York,
np to 8 o'clock P. .M., Tuesday. December 20, 1903,
for the pnrctiaae of bonds of said city amounting to
#4^,4C)0
BOARD OF EDUCATION
of Weehawken,
HUDSON COUNTY,
Township
L.
R.
4% BONDS.
DAY
& CO.,
BANKERS,
OF KDUCATION OF THE TOWNSHIP OF WkE-
HAWKEV,
will
in the
be dHted
DECE.MBER
County of Hudson, N.J. Bonds
1903, and mature
1,
Hndson Trust Co In West Hoboken, N. J.
Bonds wiM be <.t the denomination of $1,0C0 each,
eiceptone bond, which will be for $400.
The bonds will be ermraved under the supervision
of, and certified as to their genuineness by, the
United States .Mortgage & 7 rust Co., and their
legality approved by J. H. Caldwell. Esq.. of New
York City, whose opinion hb to, leg<.llty, or duplicate
thereof, will be delivered to lb« purchaser.
Each id must oe accompanied Ijy u certifled check
on a National Bank or Trust Company f(/r ;i per cent
of the arnriiiQt of the bondH bid for. payable to the
Board of Education of the Townshipof Weehawken,
N.J,
Bids will be opened at the office of the Board of
E.inr.ii.n iit .School No. J, I..lberty Place, Highwood
I
'
;:i;n,
N
J.
reserved (o reject any or all bids.
Ktj.
Liiiiier particulars and form of bid address
Arthur V. Brlesen. Clerk of the Board of Education,
Station I, Hoboken, N J.
T. n. MUHPHY.
",
YORK.
Interest payable semi-annually
MEMBERS
at the
Pd
NEW
BOSTON.
DECKMBEU
1, 14»^2.
«
Chairman Finance Committee.
Weehawken, N. J.. December
CItyof St. Joseph, Mich.
REFUNDING BONDS.
city of St. Joseph, Mich., is about to refund $25,000
of Bonds originally Issued for Improvement purposes
falling due March 1, 1W04. It Is proposed that the
new bonus shall be in the denomination of $500 each,
and run twenty yCdrg, with the pHyment optional
after the loth year. Sepf r/,te sealed bids are invited
(or the entireissue.orany portion thereof.on abasls
of both 4 per cent and 6 per cent luteresi, payable
semi-annually Sealed bide will be received at the
office ol Mie City ("lerk until K P. M., Jan. r.i. 1904. at
which time bids will be oppiied at ihe rooms of the
Common Council. Each bid must be accompanied
by a certifled check for ^ per cent of the amount
thereof. Right is reserved to reject any or all bids.
THOMAS,
S.
ROFE.
City Clerk.
11, 1903.
(b
NEW YORK AND
BOSTON"
STOCK EXCHANGES.
STATE, MUNICIPAL. AND HIGH GRADE
RAILROAD SECURITIES.
B O In D S
CERTIFICATES
in cheapfr style. Partly
printed from type (not cheap looking). Send for
lOO certiflcates $3 to $/5.
slid estimate.
Seal press, $1 50. Quick work.
Handsomely engraved, or
samples
ALBERT
105 Williain
B.
Street.
KINO &
-
-
CO.,
New York.
@FedFRASER