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!

Supplement

Quotation

1

VOL.

to

Act

:>t

Congress,

Stale and City

year 1902, by the William

in the

Dana Com pan v.

B.

SATURDAY, DECEMBER

75.

1

Street Railway Supplement fatmajf

(Monthly)

Investors Supplement (Quarterly)
Entered according

.

27,

J

in

Supplement (&&*&$
the office ol the Librarian of Consrress,

NO.

SM>2.
Week

<£ke Chronicle.

Clearings at

1902.

December

enrtiwi

—

inc. or

1901.

of

Boston
Providence
Hartford

$10 00
6 00
13 00
7 50

European Subscription (including postage!
European Subscription Six Months (including postage)
Annual Subscription in London (including postage)
£2 148.
Six Months Subscription in London (including postage)
£1 lis.
Above subscrijitiun includes—
Bank and Quotation Supplement
Street Railway supplement
INVESTORS' SUFPLEMENT
STATE AND CITY SUPPLEMENT

Advertising

—

er

i nc h

Space

Springfield

Worcester
Portland
Kail liiver

Lowell
New Bedford

Holyoke
Total New England.

Chicago

transient matter

Two Months

(

Standin" Business Cards
atanuin = uusiness Larus

gix

M „ nt]l8

Twelve Months

(

$4 20
22 00
29 00

(8 times)

Three Months

-

-

(13 times)
times)
( 26
(52 times)

5000
87 00

Smith, 1 Drapers' Gardens, E. C, will take subscriptions and advertisements, and supply single copies ot the paper at Is.

Pine

Box 9

Post OOiee

DANA COMPANY,

B.

(Street,

Corner

India- apolis

Grand Rapids
Dayton
Evansvi/le

Lpxington

ol 1'earl Street,

Akron
Kalamazoo
Rockf ord

NEW YORK.

»S.

Springfield.

O

...

Caotou
Jacksonville

Qirncy
lilnomington

1902.

Dec. 27.

1901.

P. Cent.

$958,407,018
80,561 ,991
90,820,425
15.508,212
117,949,775
33,957.008
11.668.551
§1,308,932.980
238,128,473

Boston
Philadelphia

Louis

§935.081.075
83,840,588
75,632,840
14,499,244
122,060.855
38,159,619
11.315.185
§1,280,589,406
209,461.018

+2-5

—39
-4-201

+7-0
3"4

§1,547,061,453

+3-1
4-13-7

+3-3

§1,490,050,424
380.774.978

4-3-9

§1,942,530.377

§1.870,825.402

4-3-8

The full details for the 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 tbie above the last day of the week has to
be in all cases estimated, as we go 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. 20, and the results for the corresponding
week in 1901, 1900 and 1899 are also given. Contrasted with
the week of 1901 the total for the whole country shows a gain
of 5-0 per cent. Outside of New York the increase over 1901
per cent.

...

Los Angeles
Seattle

1901.

1902.

Inc. or

Tacoma

Dec.

New York

,495,318,389 1.453.131,190
123,526.705
108,777,493
4 310.940
36,076.495
23,101,39!)
23.707,952
6,491.002
5,805,566
4,004,250
2,938,657
3,059,831
4,924,220
2,351.663
2.0.50.895
1,220.894
1,346,962
1,300,000
1,390,615
1,194,385
1,056,889

Philadelphia
Pittsburg;
Bait. more

1

Buffalo

Washington
Albany

1899.

Rochester
Syracuse
Scr.intou

Wilmington
Bingliamton
Chester
Greensburg

434,400
377.301
492,639
805,968

Wliee.ing

Wikes

Barre..

.

Total Middle

.

tJtiea
1

447,800
SS2;294
376,117
784.884
672,765

81 1,206

2.868.058

Not

4-13-1

-30

— T3

4-30-9
4-6-8
4-21-6
include d In to tal.

1.708.807.977 1.643.906.7941

2,924,290
3 334,201
2,393,201
1.167,602
1,461,040
1,050.950

144.704.734
17,152.300
9,382.612

101 '.177.847

4-5-2
4-15-4

12.s53.00i,

14.7 .3,238
7 820 999

— 20

'

1,504.851

ISO

1,190.884

39-4

809.579
623,784
530,038
489,458
619.000
439,017
386.735
320.880
398.181

--454

0,302.431
6,113,600
8,474,707
2,588,643
2.272,942
1,305,825
1,162,372
910.101

--11-8
--28-6
--45-2
--20-4
--48-3

355,515
564,805
521.803
526,300
411,737

—8-4

259.121

4-18-7
4-6-9

376,325
327,449
170.192
230,971
306,114
150,000

6,710,0111

4.593.09]
2,979.03;
2.493.820

681,628
710.39s
745,600
650,200
354,211
380,900
425,680
188,629
267,283
291,233

14-1

--29-

160
1

59

175.161:

Not

+7-1
249.504
239.300 4-21"
4-30
166.260
4-2-8
89,694
65.000 4-230-8
include d in to

257,759,415

237,382,448

32.425,409
4.640, lot
3,470,961
5,435.594

17.327,250
8,833.530
11.4

128

•;,

6,600.388
6,295,100
2,939.809
1.051.039
2 234 973
331.055
1.019.772
834,599
271.859
420,532
552.724
V.100
1

377,000
269,479
31

4,

..74

207.514
i;0.169

50.000
tal.

2.950.000
1,453,352
1,177,746
928.958

212.546,801

215.90s 347

20 045,929

24,180,873
3,575,287
2,771,725

4-s-o

17,905 .677
2, OKI 590

3,099,360
2,400,695
2,761,915
2,094.469

3,91(1,55;,

1.082,4?
1,180,465
1,095,457

1.819 912
.438
1,990 461
1,323 140
1.030 703
1,791!

898 765

55,730,995

41.770 132

34,509,803

30.024, 088

21,926.364
17,136,208
7.594.399
0,473,873

18,093,030
15,123,943
6,987.304
5,373,485
4,429,733
5.315,601
1,685.570
909,616

20,014,401
12,193,889
6,373,838
5,203,249
4,250,204
3,951,045
1,440,020
849,971
1,404.101
1,082,349
514,654
200,140
944,012
;

13,985.025
11.453,547

4-12-8

58,493.4,0

50 726,514

—6-:

40,008,714
17,005.108
9,784,000
4,144,000
4,715,739
5,701,633
3,541.345
4,117,380
2,000,559
1,534,728
1,476,702
* 2.368,944
567 882
1,455.212
1,100,000
88 i,000
751,850
418,400
809,770

35,852 29S

Kansas city
St.

Paul

Denver

4,601,04-,-

Joseph
Des Moires
Davenport
Sioux City

5,225.970
1,342.709
900.000
1.741,788
1,706.880
005.551
189,314
527.780

St.

Wichita

...

Fremont
Colorado Spin, gs
Total other West'rn
St.

Louis
Orleans

438,700
321,095
369,827

460 loo
404,580
320 UUO

2,945,491

2.729.043
1,806,188
1.390.5!
1,04

I!

70,531.818
47.130.931
17,538,201
9,399.789

New

Louisville

Galveston

4.887.000
7,5*2.274
4.910.043
4,872,583
4,765,541
3,409.911
2.077,8*2
1,875,688
1,643,240
1 192,932
1,506,173
1.271.097
1.011,000
1,234,994
053,137
409,521

Houston
Savannah
Richmond

Memphis
Atlanta
Nashville

Norfolk

Augusta

500.(100

Total Southern
Total all
Outside New York.

503,231

>>

154.

225
117

117.441.002
-

1,556,93'

1.302.943
609,284
173,968
950,841

62,512,204

50,553,932
16.775.903
-K-5
—5-0
9.889.S32
4,240,250 4-153
8 740,422 4-12-4
5,640,772 —13-0
4-7-3
4,073,294
3.855,665 4-43-3
2,927,270 4-13-1
1,799.279 4-15-5
1.014 022 4-162
2 135,349 —23-0
677,903 4-76-0
1,143.729 4-30-9
4-29
1,235,367
4-7-5
943,000
4-8-1
1,142,355
493,722 4-33'd
-0-2
436.741
186,147 4-168"6

797 .287,0!

13,694 089
8,361 .437
3.613 .500
3,821
;i
3,820 .291
3.074 ,038
2,732 ,001
2,208 713
1,535 310
2,115.

7

32

1,328 553
535, 173
1,008,
1,300.

335
000
iioo

548 887
397.

386 113

103'!

115.917.0b0

1.569

2.340.731.211

13.192 2,250,418 r93

807,524,803

0,110.(501

5,355,585
4,735.082
4,291.910
1,330 153
090,523
1,290,206
817,887
500,090
105.926

.171.4' 5.354

410

i:;

Canada—

3,080,109

Montreal
Toronto
I

I

13.476,706
4,28
2,042,893

4-190

1,005,709

81i ,781

4-23-1

692.828

lamiU n

18,250.

16.907,61
5. In
1,562,43!

lalifax

St.

4-22-1
4-25-5

22,292,001

Winnipeg

51

094

,380 S10

518,865

1

11,32
,5

10

111

1.450,000
?82
-

.

Joliu
I'l

!

Vancouver
Quebec
a

London
I

4-7-0
4-20-0

259.40::

Beaumont

4-3 9 1.775,566.927

159,074.929
18,810:550
14.194.020
13,936,684
6,779.319

138,960
384.694

500,000
1S2.920

1

—9-4
—0-5

170.201,265
21.319,850
11.255,170

040970

740.509
323. 888

1

4-14-3

163.7j2.347

863.456

Kargo
Sioux Fails
Total Pacific

4-2-9 1.574.168,220 1,428.305.9
4-13-6
1 19,327.80
115,:
4-228
34,749,07ft
39,053,307
—2-8
23,402,91
26,094 074
4-11-8
6,155.713
5,668,774

—37-9

150.577.142

.

Helena

Chattanooga

s

-j-36-3

4-2-4

1,585.115
1.428.191
123,988
1
1.178,071

546.59'"

Jacksonville
$

148.930,075

3,168,714

Birmingham
M»con
Little Rock

20.

1900.

152,505.985

a 035,08!

Spokane

Knoxville
Fort Worth

—

4-0-7

4-0-3

44-8
-0-7
—24-8
003,385

3.949,91,;

San Francisco
Salt Lake City

Topeka

Clearings at

4-5-1

221.94V.

+22 Omaha

395,468.92-1

Week endinq December

532.532
365.229

—3-1
+3-8

-110

*

is 8-8

—21

Decatur

Minneapolis

Total all cities, 5 days
All cities, lday

4-18-9

1,502 785
1,721,039
1 410,395
1,005,019

92.242
215,093

W est em

144.888,529
8.083,700
2,829.983

1.501.30:

Mansfield

Total Mid.

4-2 8

139,201,104
7,050.100
2,126,378
1,425,859
1.420.705
1,645,86
1,200 98'
1,110,085
020.419
443.576
320,062

172,16'

Jackson
Ann Arbor.

Portland

Clearings— Returns by Telegraph,

130,120,321
7.443.300
2,603,567

9,000,000
5,933,316
3.457,174
2,890.941
1,775,282
1,659,520
1,263.947
697,437

Springfield. Id

The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, Dec. 27, have
been $1,942,530,377, against $2,362,843,192 last week and
§1,870,825,402 the corresponding week last year.

St.

Milwaukee
Columbus

Youngstown..

Publishers,

CLEARING HOUSE RETURNS.

Week Ending

—

Cleveland

Toledo

Edwards &

WILLHATC

Cincinnati
Detroit

Peoria

LONDON AGENTS:
Messrs.

133,701,842
7,214.400
2,701.578
1,785,855
1.411.761
1,727.475
1,478,646
1.058.304
498.013
559.608
307.903

New Haven

I

of

lS'.l'l

8

Subscription— Payable in Advance

for One Year
For Six Months

Terms

20-

1900.

Vrc

PUBL.SHED WEEKLY.

Terms

n>f)7.

Total Canada

:

972.001
1,546.72!:
2,24

48f

590
14

571

4-18-3

I.6l

856.393 Not include d in to
4-20 6
44J961

53.131.75S

THE OHRONTCLB.

1372

THE FINANCIAL SITUATION.

rvoL.

usual compilations of gross

Lixv

earnings for November,

and the record showed increases almost everywhere.
which Last week we gave our usual similar compilation of
The new speculative movement for a
started last week Thursday on the Stock Exchange net earnings, which indicated decided losses compared
with a good degree of buoyancy, continued with with a year ago in net, a result which later returns
decreasing force through Monday of this week. Then are making more conspicuous. Consequently, what
came another lull, attended the next day by a decline, has happened has been quite an advance in freight
and after that by the return, substantially, of the rates to recoup this loss, and that has been followed
old lethargy which had possession of the market pre by the announcement and movement of the InterThus State Commerce Commission to inquire into and to
vious to Thursday's sudden upward whirl.
closed another of these little eddies; they have been prohibit the higher rates if it can do it under present
an incident so often repeated, resembling one another laws, or, failing in that, if it can induce Congress to
so nearly, that their career can now be pretty easily devise a more stringent statute.
That, though, does not discourage those
We cannot go into the side issues to-day which
forecast.
movements. We had the beginnings of another yes- these facts suggest. The direct interest they have
Traders profess to believe that each suc- in this discussion is, we repeat, in the relation
terday.
ceeding one is sure to bring back the conditions and they bear to the stock market. Obviously as the case
spirit rife when every one was a buyer of securities stands they establish this general rule
that very
Their short life and the subse- nearly all, if not all, securities have a prospect of leas
regardless of price.
quent effacement of their fruits obviously do not an- value to-day, gauged by their net earning capacity,
than they had a year ago. No one can avoid that deswer to this expectation.
these cycles so short, nearly every recur- duction who studies this development and the steps
Why are
rence ending in failure to establish any permanent through which it has baen reached. Lat those then
advance in the market. The general opinion is that who expect to experience a return of the old specuthey indicate an upward tendency in prices sup- lation stop here and recall the marked differences in
pressed mainly by dear money, and being also in some the surroundings existing at its start, and out of
measure at the present time influenced by the varying which it arose, and also through which it acquired its
There is momentum, and compare these with the same surroundaspects of the Venezuela entanglement.
The facts we ings to day. All know the differences, and it is not
much to be said in favor of this view.
have heretofore presented in this column, especially necessary to recite them, even if we had the space.
within the last two weeks, tend to confirm it to a cer- We leave with our readers tne conclusions to be drawn.
That is to say, the latest advances and
tain extent.
One of the factors in the present great activity of
declines In stock movements and prices have each
been concurrent with a return of easier rates for trade is the prosperity of the railroad industry, which
money or the development of more stringent con serves to keep up the demand for materials and supHence these circumstances plies and for all the many things that enter into the
ditions for loans.
give countenance to the supposition that with a operating accounts of the railroads, and which has
turn to a permanently easy condition of the money filled the locomotive and car building concerns with
properties orders far in excess of their capacity to supply.
In
for dividend - paying
prices
market,
the some records furnished by the Riilroai Gizatte this
would recover a good part of their lost value and
But week we have a rather significant illustration of the
general market become much less constrained.
that conclusion assumes too much. First in the process money consideration involved in the work of the locoof reaching it one is met with the question whether motive 8hops. Our contemporary finds that during the
money is likely within the next few months to secure current calendar year 4,070 locomotives were built at
rise,

—

anything like a state of uninterrupted ease? The answer cannot be known until Congress at least stops the
Sub Treasury absorption of currency; until the outflow of currency to the Interior is satisfied, or until
general commercial business is so far cheoked as to
lessen the needs for currency in active circulation
and so to permit a return flow; and also until the
gold export tendency has been satisfied or otherwise
relieved.

We

have on previous occasions dwelt at length upon
these features of the money market, and a further
discussion of them now is not needful. There is,
though, another development in commercial affairs
which is very suggestive in connection with the subject

we

are discussing,

refer to is

and

calls for notice.

that the prices of

What we

raw materials and com-

modities, and wages, have reached so high a figure that
consumers of all kinds are beginning to feel it, and

same influences are affecting genThe point at which this feature
eral business.
touches our security market is chiefly through the
net earnings of our railroads. These carriers are doto an extent the

the various locomotive plants in the country, as against

Commenting upon

3,384 built last year.

this,

the "Ga-

meaning of such a total
perhaps best realized by calculating the expenditure

zette" observes that the real
is

involved, which would be nearly $48,000,000

if

the

average cost per locomotive be assumed to be $12,000.
The "Gazette" likewise has returns showing that
approximately 164,547 cars have been built, including
cars for use on elevated railroads, but exclusive of
street

and other

electric

cars.

This,

considerably the largest record which

made

is

stated, is

has ever been

and exceeds by 25 642 cars the

in the country,

output for 1901.

it

The

figures, of

course, do not

clude cars built by railroads at their
the 164,547 cars 1,948 cars

own

shops.

in-

Of

were for the passenger

were for the freight servioe, and
any one can make his own computation as to the
amount of money involved in this large output of
service, 162,599 cars

cars.

The " Gazette's"

figures of

tion are also interesting,

new

railroad construc-

though the

results disclosed

ing a much larger business than ever before, but re- are about as expected. New track-laying is proceedcent reports signify on their face that they are,doing it ing on a considerably larger scale, but has not reaohed
Two weeks ago we gave our a point where it can be regarded as excessive or
at a loss in net income.

ECKMBKR

where

is

it

ness.

j

THE CHRONICLE.

27, 1902.]

to be viewed with

the contrary

all

any feeling of uneasi-

the indications

still

suggest

the display of reasonable conservatism. Should the
present activity in construction in the Southwest
continue,

may

it

is

possible

that the

movement

there

prudence.

exceed the
of
hand, as opposed to the idea
that too
much new mileage is being provided
in that part of the country, the fact should not be
overlooked that considerable tracts of very fertile
lands have been opened to settlement there which
previously constituted merely hunting grounds for
Indian tribes. The "Gizette" finds that 670 miles of
new line have been added in Oklahoma, that Territory
leading among all the States and Territories. Texas
comes second with 496 miles, Arkansas third with 371
miles and Indian Territory fourth with 363 miles,
la these four political divisions the aggregate of new
track laid has hence been close on to two thousand
miles, or one-third the total of the whole country.
The Gazette reports new mileage constructed in 42
States and Territories, the total being 6,026 miles.
In 1901 our contemporary's compilations showed 5,368
miles built, in 1900 4,894 miles, in 1899 4,669 miles,
in 1898 3,265 miles, in 1897 2,109 miles, and in 1896,
1895 and 1894 considerably less than two thousand
miles each year. The records kept by Poor's Manual,
which are usually accepted as the best guide, since
the compilers have so much more time to prepare
them, show less than five thousand miles of new
road added in 1901 in fact, only 4,906 miles on

Oi

limits

eventually

the

other

—

—

the 6,026 miles now reported
by the Gazette for 1902 would make an increase of
la a general way it may be said that
1,120 miles.

which

basis, therefore,

1373

$9,497,100 in 1900 and $10,334,075 In
The surplus, not counting reserve against

a year ago,
1899.

U. S. deposits, is $18,143,100. Pjnslon payments
were quite large this week, averaging about $400,000
daily, and on the other hand the receipts from Customs were $1,959,625, which compares with $(,020,600
last week.

Money on

call,

representing

bankers' balances,

Stock Exchange during the week at 13
per cent and at 5£ per cent, averaging between 8 and
O i Monday loans were made at 6 and at 5 £
9 pel cent.
per cent, with the bulk of the business at 6^ percent.
Oa Tuesday the market grew firmer, influenced by
loaned at the

the call of loans in preparation for some syndicate

payments, and in arranging for the J tnuary disbursements the rates advanced, and the range was 10
and 5£ per cent, the average being about 8 per
Oa Wednesday the same influence maincent.
tained the rate at 10 aid at 8 per cent, with the bulk
per cent. O i Friday the
of the business at 9
range was from 13 to 6 per cent, with the bulk of
the business at 10 per cent. The lower rate was made
after the demand for money had been pretty well satisfied. The feature of the call money market was the
entire absence of any effect on the sentiment at the
Stock Exchange of the advance in rates. It was felt
that the banks composing the $50,000,000 pool were
ready to act if an emergency should arise. Oa time
quotations are 6 per cent for sixty days to six months.
For commercial paper the rates are 6 per cent for
double names and also 6 for prime single names.

accepting the Gazette's total for 1902 as a close approximation, its figures indicate that the amount of

The B ink of England's minimum rate of discount
remains unchanged at 4 per cent. The cable reports
discounts of sixty to ninety day bank bills in London

new

3£@4

track provided was the largest of any year since

the noteworthy era of railroad expansion covering
1886, 1887 and 1888,

when

respectively 8,128 miles,

12,983 miles and 7,066 miles of

new track were

built.

There was no change in official rates of discount
by any of the E tropean banks this week. The steadiness of the open market rate at London at 4 per cent
and the fact that the B ink of E lgland was leaning
at 4| per cent gave rise to an expectation that the
Bank rate would be advanced soon. Christmas fell on
Thursday, and Friday was a bank holiday, so that
no action was taken by the Governors of the Bank of
Eagland. The open market rate of discount at Paris
advanced on Tuesday from 2| per cent to 2$ per cent,
continuing on Wednesday at that advance. At Berlin
the open market rate advanced on Monday from 3^
to 3£ per cent, but declined on Wednesday to 3£ per
cent.
On Friday London discounts were a shade

per cent.

The open market

cent and at Berlin and Frankfort

rate at Paris

it is

3|@3|

is

3 per

per cent.

As Christmas occurred on Thursday and as Friday
was also a holiday at London, the usual weekly Bank
of England return will not. be made until (Saturday)
to day.

The

foreign exchange market was quite active this

week. There was a special inquiry for cables with which
to make end-of-the-year remittances. This caused an
unusual difference between the rates for cables and for

appears that bankers having remittances
before the end of the year preferred to employ

sight bills.

1

t

make
money here as long as
demand bills last week; and
to

their

possible instead of buying
this accounts for the ad-

vance in cables. Offerings of commercial bills have
not been large, and the supply of cotton bills has been
diminished by the speculaiion for the long account in
January cotton. There has been no change in the post*
easier at 3£@4 per cent, ioflaenced to some extent by ed rates. Exchange at Paris on London was steady at
the receipt of cable transfers from New York. Dls 25 francs 14^ centimes. The Assay Office paid for
countB at Paris were -J firmer at 3 per cent. At Ber- domestic bullion $636,300 90. Gold received at the
lin discounts were somewhat easier at 3f@3^ per cent. Custom House during the week $208,710, of which
$5,948 was U. S. gold coin, $193,511 foreign gold coin
Tne statement of the New York banks on Saturday and $9,251 bullion.
a week ago showed $875,861,300 loans and $867,856,Nominal quotations for sterling exchange are 4 84
deposits.
The decrease in loans was $3,510,200 @4 84-J for sixty days and 4 87-J for sight. The mar000
and the decrease in deposits was $5,875,200. The ket was steady on Monday for long and short bills.
decrease in cash was $1,762,100. The reserve re
Cables were a shade firmer. On Tuesday the urgent
quirements were diminished by $1,468,800, which, inquiry for cables advanced the quotation to 4 8750@
deducted from the loss of cash, left $293,300 as the 4 8775, whica compares with 4 8730@4 8735 at the
decrease in surplus reserve, and brought the surplus close of last week.
Long bills were unchanged and
down to $8,093,600, which compares with $5,785,325 sight bills were a shade higher at 4 8660@4 8675. It

.
.
,

THE CHRONICLE,

1374

observed that cables were fully 1 cent per
pound sterling asked higher than sight bills, while at
the close of last week the asked rate for cables was
60-100 of 1 cent above the asked rate for sight bills.
On Wednesday the market was a shade easier for
cables at 4 8750@4 8775, because, on account of the
two days' holiday in London, delivery could not be
made until Saturday. On Friday the market was
be

will

[Vol.

LXXV.

ARBITRATION FOR VENEZUELA.

which advanced 16 to 20 points.
and short bills advanced nearly as much. Paris bankers' francs followed the sterling market quite closely,
but marks and guilders were comparatively steady.
The following shows daily posted rates by some of the

with unfeigned relief, we think, that the
American public learned yesterday afternoon that
the Venezuela dispute would, after all, be submitted
to the Hague arbitration tribunal.
We expressed our
own doubts, a week ago, ss to whether the controversy was really one which called for any arbitration.
But since the various parties to the controversy se6m
to have recognized that it could be arbitrated, we
certainly shall not fail to join in congratulation on so
agreeable an event. In any case, this outcome will
be welcomed as most gratifying in that it relieved
our own government from a very embarrassing posi-

leading drawers.

tion.

demand for cables,
The rates for long

strong and active, with an urgent

FF.I,,
MON., Tubs., WED., THTJR.,
FBI.,
Dec. 19. Dec. 22. Dec. 23. Dec. 24. Dec. 25. Dec. 26

Bros..

Baring,

Magoun&Co..
Bank British
No. America.

Bank

484
4 87*
I
4 81*
5 60 days

... 5

of

1

Sight..

5

80 days

(

5

Montreal ..
Canadian Bank

\
5

Sight..
60 days
Sight..
60 days

of Commerce. {Sight..
Heidelbach, Ick J 80 days
elhelmer & Co. (Sight..
Laiard Freres 5 60 days
.

Canada

of

87*

87*

87*

84

87*
*

84

84

87*

87*

87*

87*

84

84

84

84

4 87*
4 81

87*

87*

87*

84

84

84

87*
81*
87*

87*
84*
87*

87*
84*
87*

87*
84*
87*

4 84
4 87*

84

81

84

87*

87*

87*

4 84

84

S-4

84

87*

87*

87*

\

87*

84

81

84

I

84

87*

87*

4

4
4

87*

4

J

60 days
Sisht

4 84

The market

84

84

Sight..

i

84

4 88
4 84

I

Merchants' Bk.

84

60 days
Sight..

4

MM

87*

84

87*

<

84

o
a

84

87*
84*
87*

67*
84

87*

8325@4 8335 for long, 4 8680
4 8770@4 8780 for cables.
Commercial on banks 4 8285@4 8310 and documents for payment 4 82£@4 83^. Cotton for payment
4 82|@4 82-f, cotton for acceptance 4 8285@4 8310
and grain for payment 4 83£@4 83£.

@4

closed at 4

8690 for short and

The following
and from the

to

W««k Ending Dee.

movementi of monej
by the New York banks.

gives the week's
interior

26, 1902.

R*uiv$& bv 8Mpp*d by
a. T. Banki. N. T. Bankt.

Sit InttrUt

Movimmt.

16 963 000

16.786,000

1,129,000

849.000

Gain.
Gain.

1198.000
280,000

(7,092.000

acid

16.614,000

Gain.

I47800o

With the Sub-Treasury operations the

result

is

as

follows.
26, 1902.

Baa ki interior movement, at
8 - b-Treas. operations
Total gold

and

abore

legal tenders.

Ints

'Jut •/

flenk*.

Wttk Ending Dec.

lankt.

17,092.000
18.481 000

16.614,000

125.573.000

124,614,000

.ho principal

«478,eJi

Gain.

|P69.00u

481 OOU

bullion

European banks.
Dec. 88. 1901.

of

Gold.

««t«r.

ngland

..

fr*nee...

.

Germany..
Bassla

Aoi.'Hnng'y*
Bpaln
Italy

Netherlands

Nat BeUr'm

31,120,760
101.707,407
31,966,000
76,557,000
46.689,000
14.379,000

Total.

Gold.

X

£

£

Silver.

7otai.

£

81,180.760 38.061,544

82,064,614

44.849,962 146.057,869 98,647,000 44,075.003 142.883,000
11,810,000 48,776.000 81,120.000 12.620,000 48,740.000
6.408 000 81,965,000 69.863,000 6,511,000 76,884,'iO.
12.354,000 68.983,000 43,5*1 000 11,212 000 57,738, 30(
19,796,000 34,176,000 14,011,000 17,174.000 81,18
16,714,000 2,077.800 18,791,800 16.994,000 2X60,700 18,061,7'
4,099,8)0 6.828 8 )0 11.88'),100
6,748.4 H! 6.889,00(1 12.031.40C
3,092.000

1,546,000

4,638 0O0

8,159,883

1,579,667

4,7: II

week

SV6.854l?67 104979812 430,834,029 320.018,277 101621867 121.633 644
nro-r -Wb 825X2H.4"* 104S38"H5 <80 861.929 830,381.188 100988287
481,847.429

Tot.thii

Tot

i*

Gain.
Gain.

amount of

Dec. 25. 1802.

Bank

Chmnt*

Bank HoUHnti

18,000,000

following table Indicates the

.'.'ha

IStt

is

The new turn taken

DAILY POSTED BATES FOE IOB8IGH EXCHANGE.

Brown

It

The division (between gold, and sUver) given In our table of ooln
and bullion In the Bank of Germany and the Bank of Belgium Is made
from the beet estimate we are able to obtain In neither oase Is It
claimed to be aoourate, as those banks make no distinction In theli
weekly returns, merely reporting the total gold and silver, but we
believe the division we make Is a olose approximation.
*

;

+ The Anstro-Hnngarlan Bank Statement Is now issued in Kronen and Heoer Instead of Guiden and Kroutzer. The reduction of the former currency to
sterling £ was by considering the Gulden to have the value of 60 cents. Ai
the Krone has really no greater value than 20 cents, our cable correspondent in
Loudon, in order to reduce Kronen to £, has altered the basis of conversion by
dividing the amount of Kronen by 24 instead of 20

in the Venezula episode this

past week was in several ways confusing,

and has

re-

quired a good deal of careful thought from

all parties

Germany and England asked

that the

concerned.

submitted to President
Roosevelt's arbitration, and Venezuela declared its
willingness.
It may easily be imagined why our executive officers at Washington hesitated in returning a
flat refusal.
There was proposed, at all events, a
questions

dispute

in

be

plan of arbitration to which

and

all

contestants had as-

never absolutely certain that such
assent could be obtained to a different arbitration
plan.
Since war had been actually declared between
European Powers and Venezuela, and since no one
can measure exactly the consequences of such a war,
the nation and the public officer appealed to for arbitration might very properly hesitate.
What complicated the position to some extent was the
fact that the arbitration proposal had restrictions.
The war blockade of the Venezuela coast had begun already; but Venezuela submitted, as a condition precedent to its assent to the plan of arbitration, that the
blockade be raised pending the arbiter's deliberations.
It was not clear how this proposition would appeal to
Europe. The Hague Treaty, under whose terms the
international peace tribunal was erected, itself declares that acceptance of mediation, if undertaken
after beginning of hostilities, "will not interrupt, in
the absence of an agreement to the contrary, the
military operations which are in progress." Furthermore, yesterday's German despatches declared that
there was one considerable cash payment due to Germany from Venezuela which must be paid at once, arbi
tration or no arbitration.
Venezuela, it might have
been supposed, wis not altogether likely to favor
this.
Sach faots were enough to entangle the situation and to make our Government reluctant to
go further than what it was doing in striving to
sented,

it is

bring the rival parties to some terms.

As

acting as mediator.

We

were already

to our acting as arbitrator,

there were certain rather serious obstacles in the way.

Our own objections

to the policy of arbitration by
the United S ates may be stated in
the President of
a few words ; indeed, they must be obvious to any one
who considers the matter for a moment. We are not

On the one
our Government has forbidden the European
States to go more than a certain distance in their
measures to compel Venezuela to recognize its duties.
On the other, we have been importuned by these very
Powers to help in bringing the South American State
in all respects free-handed in this affair.

side

to terms.
It

matters

this

request.

little

what was the shape assumed by
of a Venezuela debt

Our guaranty

Dkcembeb

THE CHRONICLE.

27, 1902.

was the chief of the proposals, and that proposal we
have firmly and very properly rejected. If we were
once to admit the propriety of our Government's
becoming endorser of the discredited notes of -hand
of these neighbor States, we should never see the end
of the business.
Default by Venezuela would merely
put our Government in the position now occupied by
Europe, and this would be true even if our guaranty
were secured by a lien on Venezuelan property or
revenue. We are certainly not anxious to become
entangled with the affairs of these delinquent Statep,
as England and other nations are entangled in the
affairs of
China and Turkey ; yet it must be
manifest that such a state of things would be
no impossible sequence to a guaranty of Venezuela's debt.

1375

VANDERBILT STATEMENTS SHOW
INCREASED EXPENSES.
The returns submitted the present week by the
Vanderbllt lines serve to direct attention to one
feature in the existing railroad situation upon which
hardly too much stress can be laid. We refer to the
increase In expenses disclosed. This Is a condition
observable in the caBe of every one of the returns.
Indeed, it is so general and pronounced that it would
be the height of folly to ignore its bearing and sig-

The ^remark

nificance.

applies

Central as well as to the Unas

to

West

the

New York

of Buffalo.

There

obviously some pervading aad controlling influ-

is

ence at work adding to operating cost and outlays
of all the roads.

Now

Looking first at the return of the New York Central,
we find that for the three months ending Deoember 31,
Europe and the plan of help by our Government to with an increase of $834,900 in gross earnings there
Venezuela is based distinctly on the theory that we has been an augmentation (all figures partly estimated
reserve all judgment regarding the right or wrong of of course, as December has not jet closed) of no less
the point of real importance is that our attitude towards both the plan of territorial indemnity to

the existing dispute.

Were we

to take a public posi-

tion on this phase of the matter, it is easy to conceive
that maintenance of our present position might be

As

difficult.

a matter of fact there was good reason to

suppose that each of the parties to the controversy
its own special purpose in invoking the offices of
the United States as arbiter.
Venezuela probably
thought that our tendency would be in Its direction;
England and Germany possibly imagined that a decision by our President in their favor would commit us
to help in bringing the Venezuelan Government to
has

terms.

The mere

existence of either possibility

went

far to disqualify our Executive for the duty.

There was another reason for looking with great
skepticism on the wisdom of this proposal. So far as
the public had been informed, the merits of the case
were not such as can be easily arbitrated. We touched
on this phase of the matter a week ago. Possibly we
misjudged the position because of lack of official
inform ation ; but it has appeared to us that the question
whether Venezuela did or did not justly owe these various indemnities, but whether it could
be made to pay them. Official disavowal, by Venezuela,
that it justly owes any financial reparation to the European States would at all events have made the dispute a
subject for arbitration ; though we are not aware that this
at issue was not

is

the South

American contention.

We must confess that

we cannot

see how the right of a foreign Power to
apply great pressure for settlement of such obligations can in any case be arbitrated bj a neutral State.
We could conceive of its arbitration by the Hague tribunal, because that body has the possibility of enlarging or determining international law. It is not

beyond the scope of

imagination that this International Court, ruling upon the case in point, might
lay down the law as to the limitations which a State
must observe in exacting reparation. We do not say
that the Hague tribunal could do this or that such

would properly arise from the powers conupon It. But the thing was at least conceivable as a proper solution of the situation, and
arbitration by the American President certainly was

action

ferred

than $1,360,400 in expenses, thus leaving a loss of
$526,500 in net. Or taking the results for the six
months to December 31, the showing is the same.
With $888,300 addition to gross, net has fallen
off $567,700 occasioned by an expansion of $1,For the Lake
456,000 in the expense accounts.
Shore & Michigan Southern, the figures cover the
twelve months ending December 31 (that being the
company's fiscal year), and the record is the same
only a little more striking.
In the gross there Is
a very substantial increase over the calendar year
namely $882,325, but expenses have been
1901,
heavier in almost double this amount, or $1,755,771,
with the result that net for the twelve months of
1902 stands at only $8,189,000 against $9,062,446 in the
twelve months of 1901— a loss of $873,446, or 9£
per cent. In the case of the Michigan Central and
the other roads the differences are smaller, but are of
the same nature ; the Michigan Central has added
$159,726 to gross revenues but $284,036 to ex-

—

penses.

What then
and

extensive

is

the explanation of these
increasea

in

expenses

—30

general

much

the additions to the gross. In the
the answer to this question, where such a situapast
tion presented itself, was comparatively simple, eslarger than

the case of these Vanderbilt roads. It
has been the policy of the managers of the Vandereven in dull times to
bilt properties for many years

pecially in

—

—

spend freely for betterments and improvements, and
Hence when
to charge the cost directly to expenses.
the amount of expenses has risen beyond what might
be expected as the result of the enlargement of the
volume of traffic, the assumption has always been that
this well known policy of charging up outlays for
extra renewals and betterments had been carried a
step further. The supposition was always confirmed,
too, on examination of the details of the expenses,
showing a great growth in the olasses of expenditures
grouped under the heads referred to.
But a point has been reached now where such an
explanation no longer suffices. Indeed, there is good

ground for thinking that the cause for the rising
tendency of expenses on this occasion is a wholly dif-

not.

The course of events in the coming arbitration will
now be such as to attract the widest interest. It may ferent one. The reason supporting that view is that
What the Vanderbilt roads the present time do not stand
create new precedents in international law.
we have chiefly to be thankful for at present, is that alone in reporting greatly enlarged expenses. The
the United States

is

not entangled.

condition

is

a general one, suggesting therefore a gen-

.

Oar summary

last

week

of the gross

net earnings of United States railroads for the

and

October served to reveal the situation in a clear
On the roads reporting, gross earnings were
found to have been 16,277,165 better than in the
same month of last year, while net earnings were
$416,786 poorer due to an augmentation of 16,693,951 in expenses.
The Pennsylvania Eailroad in its
return furnished particularly striking evidence of the
prevailing tendency; ttough haviDg gained $1,390,300 in gross for that month, its net on the lines
directly operated east and west of Pittsburg actually
recorded a small loss $9,100. la the article referred
of

—

—

numerous instances of other roads
we
distinguished in that way.
These came from all sections of the country
the Middle West, the South,
also cited

—

the Southwest, the Pacific Coast.

The simple truth
to run

is, it is

costing a great de&l more

and operate the roads.

By

this

As

we mean not

far as the gross receipts are concerned, results

Last year's grain-crop failure meant, of course,
a falling off in 1902 in the volume of the agricultural
tonnage, both local and through. Furthermore, the

absence of the Pan-American Exposition at Buffalo,
which in 1901 had added so materially to the passenger traffic of these lines, meant ai important loss in

That aggregate revenues should
substantial further increase on top of the large

traffic in

show a

that way.

is hence evidence at once of
good management and of the fullness of trade activity.
We furnish below the yearly record of the Lake
Shore & Michigan Southern bick to 1890. It will be
observed that even after its large loss in net, this road
earned 13 per cent for the stock in 1902, with only 7
Bat the Lake Shore stands in a class
per cent paid.
all by itself in that particular
practically unmatched
by any other.

gaiDs of previous years

—

moved; we mean rather that the constituent elements lying at the base of the operating accounts of
the railroads are oae and all expanding.
Fuel, mate
rials and supplies are considerably dearer.
In fact,

Gross
Earnings.

true of the greit majority of the items entering

into the operating accounts of

the railroads, and the

one which has been growing in importance during the year under review. Furthermore,
the cost of labor is also higher in a good many instances.
This, as it happens, is an infiaeace that is
destined to play a still more important part in affairs
during the coming year, since the increase of 10 per
cent in wages announced last month by the Pennsyl
vania Railroad has since then been pretty generally followed
by other large railroad systems
throughout the country.
Another circumstance should not be lost Bight of.
The public Is all the time demanding increased acfeature

is

—

commodations more cars, more trains, larger facilities, better and more coaveaieat service la every
way. This demand the railroads are meeting as never
before in their entire history.
Bat all these things
cost money both in supplying them originally and
In the outlays needed to keep them up.
Altogether,
therefore, a point seems to have been reached in the
ordinary course where additions to expenses are for
the time being outrunning the additions to revenue.
At the beginning of the present remaikable era of
prosperity it was possible to
make large gains

—

in

gross

penses.

with

That

relatively
is,

the

little

extra

increase
traffic

in

could

<fe

MICHIGAN SOUTHERN'S INCOME.
Fixed

Operating
Epenses

Dividends per Share

Charges,

Net

Earnings. Less Other]
and Taxes.
Income.

of $100.

Earned.

Paid.
%
6 00

$
14,632,676

6,798,711

3,359,361

6 67
6 95

6/12,192

3,375,364

6 51

23,685,933

15,803,190
17,123,913

6,£62,020!

3,365,376

19,557,869

13,186,067

6,371,802

3,402,86:^

20,965,760

1890
1391
1892
1693
1894
1895
1896
1897
1898
1899
1900
1601
1902'

14,220,481

21,431,387
22,415,382

6,645,279

3,314,735

21,016,035

14,5e8,220

6,447,815

3,419,500

20.193,958

13.726,155

6,467.803

3,445,403

13,542,491

6.755,231

3,009.972

7 57

20.753,683

13,928,019

6.825,664

2,802,439

8 IS

23,613,916

15,882,146

7.781,801

2,724,539

10 22

26,466,514

17,307,796
20.210,':8W

9,158,719
P,06»,446

2,50<\289

26,272,675
30,155.000

2 1,96 •',000

8,189.000

1.730.0C0

6 00
6 00
6 00
6 00
6 00
6 00
6 00
7 00
7 00
7 00
7 00
7 00

6 46
6 00
6 12
6 11

20,297,722

13 46
14 46
13 06

1,907,321

Results for

November and December

We

annex the yearly totals of the Michigan
for no comment beyond that

*

also

estimated.

Central, which call

made on previous

occasions.
COMBINED EARNINGS OF MICHIGAN CENTRAL AND CANADA SOUTHERN.
Qros*
Earnings.

Years.

Operating

Ket.

Expenses

Earnings.

and Taxes.
$

Interest

and

Balance.

Rentals.

S

$
3.891,767

t
2,512,527

1.379.240

10,731,754

3,758,958

2.454,332

1.304,626

11,107,569

4,055,391

2.13W.287

1.616,104

15,908,293

12,016,095

3,862,198

2,404,363

1,457,835

16,178,031

12,287,792

3,690,239

2,101,804

1,488,435

12.584,013

9,141,108

3,439,905

2.401,184

1,038.721

13,651,420

10.183.231

3,468.189

2,402.201

1,005,988

13,821,614

10,392.360

9,439,264

2,394,565

1,034,699

1887.

13,897,281-

10,249,510

3.447,729

2,415,024

1.038.705

1888..

14,046,149

10,545,972

3,500.177

2,419,936

1,080.242

1888..

15,504,062

8,499,94'

2,111.286

1.085,861

1800..

16,7.0,131

12,004,116
13,8JP,49

3,500,64)

2,401,818

1,086,423

1801...

18,490.274
18,-50.000

14,746,96

3,744.310

8,466.514

1,288,786

16,030,000

3.620,000

2,211,000

1,408.000

1889
1890
1891
1892
1893
1894
1895
1896

13,786,925

15,162.960

.

|

1902V
*

9,895,158

14,190,712
.

Partly estimated.

ex-

be

as very grat-

ifying.

LAKE SHORE

Is

must be regarded

lines

merely that there is a natural increase in expenses
proportioned to the growth in tie volume of business

this

LXXV.

[Vol.

month on the Vanderbllt

light.

to

1

THE CHRONICLE.

1376
eral cause.

!

SIZE

AND MAGNITUDE OF SOUTHERN

—

PACIFIC.

handled with only slight addition to cost trains
and cars being filled instead of run wholly or partly
empty, and existing facilities being called into full

usual comprehensive and elaborate form, as befits a

requisition where previously they

property of that magnitude.

had been in greater

or smaller degree idle.
Bit that polat has long since
been passed. Such has been the growth in the demand for transportation that notwithstanding the
extraordinary amount of new cars, power, track,
etc.,
railroad
managers fiad themselves utterly
unable to meet the requirements of the situaThis means that business is now being done
tion.
under great and growing disadvantages, adding materially to the cost of doing the work
entirely apart
from the necessity of providing additional service.
When to all this is added the higher cost of labor,
fuel, material and supplies, present augmentation in
expenses seems not the least bit surprising.

—

The annual

report of the Southern Pacific

is

in the

Of folio size, occupying
seventy-five pages, the mass of statistical statements and tables furnished by Comptroller Mahl
affords on the one hand a more than ordinar.ly clear
insight into the position of the company, and on the
other hand serves to impress one with the magnitude
and importance of the property. This impression is
deepened as the figures are studied and their bearing
and significance seen. The report is in many respects
not merely because of the admirable way in which it is gotten up, but also because
of the striking nature of the results revealed.
Geographically the Southern Pacific has long been
a marvelous exhibit,

recognized as a system of

much

consequence.

It is

—
Dmembkr

THE CHRONICLE.

27, 1902.]

1377

if we pass in review the late year's aggresome other large companies. It should be

only within the last two or three years that there has

$95,000,684

been a proper appreciation of its earning capacity.
From the first it has seemed tons that the acquisition
of the property on behalf of the Union Pacific was a
master- stroke of policy. This conviction is strengthened and confirmed as each new report adds further
testimony to the value of the property. Of course
there is one part of the sjstem, namely the Central
Pacific line, which seemed absolutely indispensable to
the Union Pacific in continuing the latter in posses

gates of

understood that exact comparisons are out of the
question in a matter of this kind. The method of
making up the results varies so much on the different
companies one will include land receipts, or income from investments, or some other items, while
another will not. We shall take in each case the
receipts as we find them, without any attempt to reduce them to a common basis a method which will
sion of its outlet to the Golden Gate.
But consider- yield close enough results for our present purpose. The
ing the acquisition of the property as a distinct propo- Great Northern Railway's total for the twelve months
sition, irrespective of its special utility to the Union ended last June was only $40,890,264, the Northern
Pacific
that is, having regard to Its possibilities as an Pacific earned $41,387,380 and the Chicago BurlingIncome and revenue producer haidly any one, we ton & Quincy $53,795,245. The Milwaukee & Sc. Paul
should say, is now disposed to dispute its merit, par- earned $45,613,124, and the aggregate for the Canadian
ticularly in view of the developmentjof the property Pacific, even including the Daluth South Store &
the last two or three years. Daring this period Atlantic and the Minneapolis St. Paul & Saalt Ste.
revenues have been expanding in a way that must Marie, is no more than $46,416,011. The Chicago &
have been a surprise to those who had been judging North Western for the year ended May 3L reported
the capacity of the property by old standards.
gross of $46,644,122, with $4,589,449 earned by the
As an indication of the size of the system, it may Fremont Blkhorn & Trans Missouri lines; if we add
be noted that'.it'comprises, roughly, ten thousand miles also the earnings for the twelve months ending June
of road, the figures June 30 having been 9,865 miles. 30 of the Chicago Minneapolis St. Paul & Omaha,
Besides this, there are 5,365 miles of water lines, not even then the total is raised to only $63,010,376. The
counting the Pacific Mall Steamship Co., which would gross receipts of the Atchison Topeka & Santa Fe
add another 10,821 miles of water line. It may be for the twelve months ending June 30 1902 were
pointed out, too, as evidence of the financial extent $60,275,944. The Union Pacific, which controls the
of the undertaking, that "while the Southern Pacific Southern Pacific, shows gross receipts for the same
Company's own balance-sheet foots up nearly three twelve months of but $52,080,881. Through the great
hundred million dollars ($292,285,816) that of the expansion in its revenues the last few years, the
proprietary companies embraces an aggregate of not Baltimore & Ohio's receipts have risen to high'figuresj
le3B than seven hundred million dollars ($706,375,048), yet at $62,215,153 that road's income is fully one
without including the San Antonio & Aransas Pass, third lees than the Southern Pacific's aggregate of
the Gila Valley Globe & Northern or the Pacific Mail. $95,000,684. In tabular form the comparison is as

—

—

—

—

Combining the two sets of figures given, we would
get a grand aggregate involving a thousand million
dollars, though this is open to the objection that it
involves some duplications, since the Southern Pacific
stock represents the ownership of most of the stock
(though not the bonds) of the proprietary lines.
It is the large earnings, however, that particularly
engross our attention to-day. A table is presented
showing the combined income of the various lines.
The aggregate of the receipts for the twelve months
in the Southern Pacific's own accounts (comprising
an average of 8,757 miles of rail lines and 5,365 miles
of water lines) is but little less than 90 million
dollars, being
Adding the earnings
$89,909,308.
of the San Antonio & Aransas Pass, the Gila Valley
Globe & Northern and the Pacific Mail Steamship
Company, the total is raised to over ninety-five million
dollar?— $95,000,684. At this figure there is only one
other company in the United States having a larger
total of income, as far as our knowledge goes, namely
the Pennsylvania Railroad. The revenues of the
Vanderbilt combination would of course greatly
exceed the amount given should the earnings of the
roads controlled by the New York Central, like the
Michigan Central, the Lake Shore & Michigan
Southern, the Lake Erie & Western, &c, be embraced
in those of the parent system.
But the accounts are
not made up in that way, the controlled roads of the
Central being all operated as separate properties. The

follows:

Gross Receipts Year Ending June

30, 1902.

Southern Pacific Company

.$95,000,684

Atchison Topeka & Santa Fe
Baltimore & Ohio and controUed and affiliated lines
Canadian Pacific, including Duluth South Shore & Atlantic and Minn. St. Paul & Sault Ste. Marie
Chicago Burlington & Quincy
Chicago Milwaukee & St. Paul
Chicago & Northwestern, including the St. Paul & Omaha
and the Trans-Missouri lines
Great Northern Railway
Illinois Central, including Yazoo & Mississippi Valley
New York Central and Boston & Albany

Northern Pacific Railway
Union Pacific Railroad

60,275,944
62,215,153
46,416,011
53,795,245
45,613,124

6?,010,376
40,890,264
47,403,386
70,903,868
41,387,380
52,080,881

But the Southern Pacific's large earnings would be
a capacity of no great value should the enterprise
nevertheless be a losing venture.
Is the company
yielding a profit on its operations we mean above its
interest requirements? It is known that the company

—

has never paid a dividend to its shareholders. Is
that because none has been earned or because it has
been deemed best- to employ profits in improving the
property and strengthening its financial condition.
Study of the report with these questions in mind reveals a reassuring situation.
The income account of
the combined properties shows that for each of the
last two years a profit of over 10 million dollars re-

mained after allowing for ordinary operating

ex-

penees (but not betterments aad renewals) and all

and other

charges
$10,541,471 in 1901-2 and $10,242,847 in 1900 01. As
gross earnings of the Central itself (including the the amount of the Southern Pacific Company's stock
Boston & Albany) for the twelve months endiDg last outstanding is $197,849,227, the surplus has thus been
June were $70,903,868.
about 6£ per cent per annum. The surplus however has
We shall get a still better idea of the magnitude of been employed in meeting the company's financial
the Southorn Pacific Company's total of receipts at needs, instead of being distributed to the shareholders.
taies,

rentals,

interest

fixed

THE CHRONICLE.

1878
With $10,541,471

surplus

on the

year's

oper-

ations,
$6,763,958 was spent for betterments and
additions and $4,772,390 for new equipment, making
$11,636,347 together, or about a million dollars more
than the year's surplus. The report does not say
that these amounts are to be charged against income,

but merely that the greater part of the amount came
out of earnings. Indeed the statistical statements
show that the betterment and improvement expenditures, along with some other capital outlays, have
been charged to capital account. Earnings, however,

were availed of to meet these capital outlays; $8,137,761 (independent of $4,255,944 for new equipment)
was charged to capital account, and we are told that
$985,000 of this sum was provided for by the issue of
new bonds, while $7,152,762 was paid for out of earn
It is to be observed that though $2,093,500 of
inga.
bonds altogether were issued during the year, $3,173,359 bonds were retired, reducing the total of bonded
debt from $353,090,029 to $352,010,170.
Inquiries may perhaps be made as to the sufficiency of
the maintenance charges in the late year. On that point
only necessary to say that while gross transportation receipts in the late year increased $5,814,393,
it is

operating expenses and taxes consumed the greater
part of this gain, leaving only $248,930 improvement

[Vol.

National City Bank stock was also dealt
ing hands to-day at 299 to 300.
Price.
Shares.
Bajckb— New Sork.
290i«
*10 City Bank, National
14 Gallatin National Bank

Sold at the Stock Exchange,

shares chang-

Last previous salt.
Deo.

1902— 290

422%

t

July 1902-

4335a

642»«

TKOST COMPANIE8— N. T.
4 Fifth Avenue Trust Co....
5 Holland Trust Co
20 Van Norden Trnst Co...
*

in, 72

LXXV.

Nov. 1902Nov. 1902Aug. 1902—

233>4

t3

2U8
Closing up

its

630
t5

business.

—

The consolidation of the Atlantic Trust Company with
the Metropolitan Trust Company has now been practically
arranged. The directors of the Atlantic Trust Company met
on Tuesday of this week and decided to accept the terms of
The agreement of merger involves the
the Metropolitan.
issue of $750,000 of new stock by the Metropolitan Trust
Company for the $1,500,000 present capital of the Atlantic
Trust Company that is, one share of stock of the Metropolitan is to be given in exchange for two shares of the
A stockholders meeting of the Atlantic
Atlantic Company
will be called for January 14 to ratify the
Trust Company
agreement. In each case a two- thirds vote is required for
ratification.
Mr. L. V. F. Randolph, for eight years President of the Atlantic Trust Company, has resigned, his resig;

.

nation to take effect on January 1, and Mr. Brayton Ives,
President of the Metropolitan Trust Company, has been
elected by the directors to take his place.

—The Real Estate Trust Co. of New York has had compiled
some statistical and historical information for its ®wn use,
and has issued this as of probable interest to others, in a thin
little volume of only twenty pages, with the title of "Twelve
Interesting years, 1890-1902, with a Glance at History." The

Labor of course cost more, and materials latter very briefly glances at the principal times of crisis or
and supplies were also higher, but the report points anxiety in the country's past. Among those mentioned are
1814-19, which was made acute by the capture of Washington;
out that a considerable part of the augmentation in
the crisis of 1837-39, which was the result of overexpenses " has resulted from improvements which are enthusiasm in discounting the resources of our then new
made concurrently with repairs and renewals, and the country; the break of fifty years later, which is ascribed
cost of which is therefore included in the operating to excessive railroad-building and increased gold production;
expenses." This statement the statistics bear out. the long strain of the civil war, whose burden was
realized in 1873, also heightened by excessive railroadThus, eliminating the figures for the water lines,
building; then the minor troubles and financially stirring
expenses show $4,920,415 increase, of which only
events of 1878, 1884, 1890, 1893, 1895 and 1896. In the past
$1,517,165 was in cost of conducting transportation twelve years this country has become a world power. In
and general expenses, and no less than $3,403,261 was 1890-96, Lord Kitchener's recent concept that new methods
in agriculture and other production will yet produce in
on maintenance account.
The cost of 562 miles of new rails was charged to South Africa "nothing less than a new America in the
in net.

j

operating expenses against 400 miles the previous
year, and renewal charges averaged $2,948 per locomotive against $2,439 in 1900-01, $760 per passenger
car against $744, and $70 per freight car against $61.

Improvements on an extensive scale are being carried
out in the way of reducing grades, curvature and

Much

has already been accomplished; a
good deal remains to be done. As indicating the
distance.

state

of

efficiency

to

which the property

is

being

maybe noted that not less than 2,540 miles
of rails in the tracks now consist of rails weighing
75 lbs. and over. The expenditures for maintenance
brought,

it

Southern hemisphere" would have seemed to any hard Eng.
man of business a most unhappy slip of comparison.
" In spite of temporary ups and downs (says the compiler),
we all agree that this is a great country," and certainly
there is no more palpable fact anywhere, to any civil' zed
lish

compend appropriately includes a very
brief sketch of the Real Estate Trust Co. itself, which
counts itself happy in having been torn in the last twelve
years of national growth and thus fortunate in "having no
history" to record. The institution gradually abandoned the
real estate features which were at first intended by its
founders, as indicated by the title. Its main business is
now that of a depository, although still making a specialty
The

observer.

little

of personal trusts; real estate

men

are

ued custo mers, but the title itself
rather than distinctive meaning. It
on its prosperity.

is

among
now of

its

most

val-

reminiscent
to be congratulated

way and structures in the late year averaged $1,361
is
per mile of main and second track; the previous year
the amount was $1,161. One evidence of what is
—The Windsor Trust Company of this city, officially anbeing achieved through the improvements made is nounces its opening for business at Fifth Avenue and Foityof

furnished in the fact that there was a further addition of 15 tons to the average train- load in the late
year, bringing it up (including company freight) to

319 tons; two years ago the average had been only
289 tons.

ITEMS ABOUT BANKS BANKERS AND TRUST CO. '8
—The public sales of bank stocks this week aggregate only
24 shares, of which 10 shares were sold at the Stock Exchange and 14 shares at auction. The transactions in trust
company stocks reach a total of 29 shares. Stock of the Van
Norden Trust Co. shows an advance in price on sales of 20
shares of 35 points since the last previous public sale, which
was made in August. In the "curb" market Atlantic Trust
Co. stock was in active request, and sales were made at 362}£.

seventh Street, on Monday, Dec. 29. The list of officials and
other particulars have previously appeared in these columns.

—The

consolidation of the Mechanics'

Bank

of Brooklyn

and the Fifth Avenue Bank of the same borough, mentioned
in the Chronicle December 6, has been completed. The
stockholders of both barks voted in favor of the proposition to; merge the institutiors, and the stock of the Fifth
Avenue Bank has all been received and paid fcr. The Mechanics'

Bank has declared

January

2.

a dividend of 5 per cent, payable

—

A special meeting of the shareholders of the Equitable
Trust Company of New York is called for Jan. 6 1903 to
vote upon the proposition of increasing the capital stock
from $1,000,000 to $3,000,000.
—Through
the

the purchase of the Bank of Mou»t Vernon by
firm of Lisman, Lorge
Co., the banking

New York

&

December
facilities of

THE CHRONICLE.

27, 1902.]

the city of

Mount Vernon (Westchester County)

will be materially increased, as the step

is

preliminary to the

organization of a trust company with two New York clearing house banks interested, and which are to be represented
on the board of direotors. The price paid for the bank is
said to be about $700 a share. Mount Vernon now has a
population of about 25,000, which will undoubtedly be
further increased with the building of the New York
PortChester RR. and the development of the Metropolitan system in that vicinity.

&

1379

H. J. Kumer, Secretary and Treasurer;
Mark Schmid, Solicitor.
— Mr. James M. Johnston, wishing to retire from active

Vice-President;

Second Vice-President of
Riggs National Bank of Washington, D. C. The resignathe
tion took effect on December 1. Mr. Henry H. Flather has
been elected an Assistant Cashier of the bank.
service, has resigned the office of

—The American

National Bank of Richmond, Va., rea four story corner building from the
Presbyterian Board of Publication for a price stated to be
—It is reported that the Chemung Canal Bank of Elmira, N. between $60,000 and $70,000. After remodeling and renoY., has been sold to the Elmira Trust Co. on the basis of $220 vating the new property, the bank will establish its home on
per $100 share and $280,000 for good will. The name of the the ground floor. The upper floors are to be given over to
trust company will be changed to the Chemung Canal Trust modern office accommodations.
cently purchased

Company, and the capital will be $600,000, surplus $400,000
—The Security Trust Company of Wheeling, W. Va., to
and undivided profits $20,000. The deal is expected to go
which reference was made herein, November 15, is remodinto effect on March 15, 1803.
eling the first floor of the Grand Central Hotel for use as
—The Market & Fulton National Bank of this city is
headquarters. The capital, it is reported, has all been
sub-

its

arranging to increase its stock from $900,000 to $1,100,000,
the new stock to be sold at 250. Stockholders will vote Feb.
17 on the proposition.

—Mr. Frank
Bank

D. Allen, receiver of the Central National

of Boston,

which

failed recently, has filed his first

report with the Comptroller of the Currency. The Compfrom the receiver's statement of the value
of the bills receivable and other assets scheduled as doubtful
and worthless, it is apparent that an assessment upon the
capital stock of the bank will be necessary to cover the de
troller says that,

ficiency.
The amount of the assessment, however, cannot
be stated until the deficiency of the assets can be accurately determined.

scribed, $100 of each share (or $300,000) representing capital

and the $50 premium paid going to form a surplus of $150,The officers will be announced later. Senator S. B.
Elkins and his associates, Mr, J. N. Vance and Mr. L. E.
Sands, President and Cashier, respectively, of the National
Exchange Bank of Wheeling, are said to be interested.
000.

—At a meeting of

the board of directors of the Western
it was resolved to declare a
regular quarterly dividend of three (3) per cent ; also an
extra dividend of three (8) per cent on the capital stock, thus
making the stock pay at the rate of eighteen (18) per cent
The surplus fund was increased by an
per annum.

German Bank

of Cincinnati,

additional fifty thousand ($50,000) dollars, making same
Globe National Bank of now five hundred and fifty thousand ($550,000) dollars.
Boston, has sent out checks to its depositors for seven per The directors also remembered the employes by
paying them
cent interest on their accounts. All told, depositors will the amount of the bank's extra dividend on their
annual
thus have received their entire deposits, together with seven salaries
as a Christmas present.

—Receiver Wing,

per cent interest.

of the defunct

It is

stated Receiver

Wing

displayed

—At a meeting held December 16th the directors of the
American Exchange National Bank of Cleveland formally
approved the proposed merger with the Park National Bank
—The Girard National Bank of Philadelphia, opened its of the same city. Besides turning the business of the
new home for inspection to its host of friends on Saturday American Exchange National over to the Park National, the
of last week. A reception was held from one until three
proposition provides] for the purchase of $125,000 of Park
o'clock, which was attended by the Governor and GovernorNational stock (the increase in the present [capital of that
elect of Pennsylvania, the Mayor of the city, judges, presibank) by the American Exchange stockholders at 150. The
dents of the various banks, trust and fireinsurance companies,
directors of the Park National have obtained their stockholdand representatives of all the leading financial institutions ers' consent
increase the bank's capital $500,000 when
good judgment in retaining a block of U.
until it could be disposed of profitably.

S.

Mining Stock

to

of the city, as well as a great many out-of-town bankers.
The interior of the building was artistically decorated with
flowers and plants, lending a pleasing effect to the event.

expedient to purchase other banks if desirable. Two-thirds
of the shareholders of the American Exchange have already
assented to the prospective merger, and liquidation proceedThe Park National will retain
ings will begin immediately.
Mr. E iward G. Gilall the American Exchange's office force.
bert, who was newly eleoted Cashier of the American Exchange National, has offered his resignation to becoma Assistant-Cashier of the Bankers' National.

Music and refreshments were added to increase the pleasure
The building has quite a history, having been
erected in' 1795-1797 by thp Bank of the United States and
having subsequently (1812-1832) been owned and occupied
by Stephen Girard. In 1882 the Girard Bank (now the
Girard National Bank) took possession. It has now been en—The "Cleveland Leader" of Dec. 18 reports that a suftirely remodeled.
Mr. Francis B, Reeves is President; Mr.
ficient number of the stockholders of the Windermere
Richard L. Austin, Vice-President; Mr. Theo. E. Wiedersheim,
Savings & Banking Company of Cleveland has signed the
Second Vice-President and Joseph Wayne Jr., Cashier.
agreement disposing of their holdings to the Cleveland Trust
—Mr. F. A. McVay, Assistant Secretary and Treasurer of Co. at
$120, thus insuring the sale of the bank. The Win
of the guests.

;

the Pittsburg Trust Company of Pittsburg, has resigned to
dermere's capital is $25,000 and deposits $150,000. It is exspend the remainder of the winter in California for the
pected the bank will retain its present iocation under the
benefit of his health.
Trust Company's management.
—Mr. H. F. Borchers has been elected to the position of
—As noted in the Chronicle Nov. 1, the American Savings
Assistant Treasurer of the Pennsylvania Trust Company of
Bank of Toledo, Ohio, a new company, expects to open for
Pittsburg. Mr. Brochers was formerly teller, and has been
business early in January immediately after its new building
with the company since its organization.
is completed.
Many Toledo business men, it is stated, are
—The Farmers' Deposit National Bank of Pittsburgh, Pa., represented among the stockholders and the officers, whom we
on Dec. 28 pleasantly surprised its stockholders by declaring have mentioned before in our columns. The policy of the
a Christmas dividend of 6 per cent, or $48,000. This is in American Savings Bink will ba to encourage its patrons by
addition to the regular dividends of 24 per cent per annum, "making loans at reasonable rates of interest on gilt-edged
or $192,000, making $240,000 total dividends for the year. security, whether it be real estate or personal property, in
Last year the Christmas dividend was 5 per cent. The in- large or small amounts, especially small amounts, and paystitution will shortly take possession of its handsome new able in weekly, monthly, quarterly, semi-annual, annual inbuilding.
stalments to a term of years in other words, to be an accommodating bank."
—The People's Trust Company of Pittsburgh on Dec. 10
;

formally introduced the general public to its new quarters.
People's Trust was organized May 13 1901. The capital is
$250,000, surplus and undivided profits $17,207 and deposits

The

$545,702.

Ploeger,

The

officers are:

Wm.

First Vice President;

Ruske, President; Jos. F.
H, Sunshine, Second

A.

—The First National Bank, Fort Wayne, Ind., by its
statement of November 25, shows that institution to be in a
very prosperous condition. The deposits, which on November 25 1902, amounted to $339,059, record quite an increase
over the same date in 1901, when the total reached only

THE CHRONICLE.

1380

[Vol.

LXXV.

Aggregate resources in the same period have risen Brown, Trust Officer, and Mr. F. W. Child, Bond Officer,,
from |1,112,554 to $1,846,171. The official staff is composed will retire.
of J H. Bass, President; C. H. Worden, Vice-President;
—Mr. A. H. Stille, formerly Assistant Trust Officer of the
H. R. Freeman, Cashier, and J. H. Orr, Assistant Cashier. St. Louis Union Trust Company of St. Louis, was elected
—The Fourth National Bank of Grand Rapids, Mich., be- Secretary of that company at the board of directors' meeting
gan business in its new and attractive banking home Dec. last week. Mr. Stille succeeds Mr. George A. H Mills, who
The bank was originally organized as a private concern resigned to become Assistant Cashier of the Mechanics' Na15.
in 1308, and was incorporated as the Fourth National Bank tional Bank of St. Louie. Mr. Frank V. Dubrouellett was
in January 1882
The charter was renewed again this year chosen Assistant Trust Officer and Mr. F. X. Ryan Assistant
on expiration. The officers of the institution are: Mr. W. H. Secretary. The directors declared the quarterly dividend of
Anderson, President; Mr. John W. Blodgett, Vioe-President; 2)4. P er cent, payable Jan. 1. The board also decided to inMr. John A. Seymonr, Cashier; Mr. L. Z. Caukin, Assistant crease the surplus account to $4,000,000. The St. Louis Union
Cashier. The oapital of the institution is $300,000, surplus Trust has $5,000,000 capital.
and undivided profits $181,219 and deposits $2,697,375.
—The Hamilton Trust Company of St. Louis, organized
President George F. Baker of the First National Bank of last July, commenced business on Nov. 15, nearly two months
New York has purchased 800 shares of the stock of the earlier than previously planned. It is said the entire capitalChicago National Bank, thereby affiliating these two strong ization, $500,000, divided into 5,000 shares, par value $100
institntions even more cloeely than in the past. The price each, is fully paid in. Edward Hidden is President; Albert
The Chicago National pays 12 per cent N. Edwards, Vice- President and counsel, and J. W. Perry,
paid was 400.
regular dividends and an extra 3 percent at the close of the Secretary and Treasurer. Besides the names jost given, the
year. President Walsh has been distributing among his directors are Wallace C. Butler and C. A. Caldwell of
depositors and friends a beautiful souvenir in the shape of a Alton, 111., a director in the Fourth National Bank of St.
pictorial and historical pamphlet relating to the wonderful Louis. The articles of incorporation provide for a general
growth of Chicago. The excellent colored lithographs in- trust company business.
clude reproductions of the historical paintings that adorn the
The Pioneer Trust Company of Kansas City will comwalls of the bank and other interior as well as exterior mence business Jan. 20 1903 in the New England Bank
views of this remarkably complete and convenient banking Building. The institution will occupy temporary quarters
house.
there until its proposed new home can be built presently. It
The Chicago brokerage firm of Simpson & McDonald is said the Pioneer Trust's $1,000,000 of capital stock and surwill remove their offices January 1 from No. 181 La Salle plus has all been subscribed. Waltcn H. Holmes is President, and Conway F. Holmes, Vioe-President. F. C. Miller
Street to the Rialto Building.
—The dividend rate of the Continental National Bank of will have charge of the banking department. The com-

$593,972.

—

—

—

Chicago has been raised from 6 per cent to 8 per cent per
annum. The bank earnings for the past year have been over
15 per cent and the maigin of difference will be credited to
the surplus account. The Continental now has a capital of
$8,000,000, surplus and undivided profits of $1,150,000, with
deposits exceeding $35,CO0,0OO. Its stock has been steadily

advancing

months, and
soon touch 300.

in price for several

prise its friends to see

it

it

would not

sur-

—The National Bank of North America, Chicago, has been
admitted to membership in the Chicago Clearing House As
sooiation, the clearing privilege to begin the first of the new

pany's business will be divided into four departments, viz

:

banking, savings bank, bond and real estate.
The Davenport (Iowa) savings banks has restored the
rate of interest to 4 per cent, from Z)4 P er cent.
—The Fort Worth National Bank of Fort Worth, Texas,
intends to erect a six-story office building in the modern
French Renaissance style. The structure will cost $125,000
and contain 200 offices. Work will be commenced on it

—

The Fort Worth National has

early in January.

capital, $285, 013 surplus

and undivided

profits,

and

$300,000
$1,620,-

K. M. Van Zandt, President;
Ellison, Vice- President N. Harding, Cashier, and L.
R, L.
C. Hutchins, Assistant Cashier.
Referring again to the meeting to be held by the stockholders of the Germania Trust Company of San Francisco
Jan. 3D, it appears that the authorized capital is to be increased from $1,000,000 to $3,000,000, but that only $1,500,000
capital and $221,000 surplus are to be paid in at present. As
936 deposits.

The

officials are:

;

year.

—The stockholders of the American Trust & Savings Bank
of Chicago will receive a recently declared 3J^ per cent
dividend, payable Jan. 1. On June 1 the bank paid 2% per
cent on its old capitalization of $1,000,000 for the preceding
five

months.

— Mr. J. B. Mailers and Mr. W. W. Bell, principals in organizing the projected Imperial National

Bank

Chicago,
announce that the new enterprise's $1,000,000 capital stock
is fully eubecribed now.
The officers are to be: President,
J. B. Mailers Vice-Presidents, J. M. Mitchell and Herbert
of

;

Hammond
Mailers.
ness Jan.

;

Cashier,

It is

W. W.

Bell;

Assistant Cashier, E. B.

expected the Imperial National will start busi-

1.

—Mr. Horace

J. Elliott,

formerly connected with the Mer-

—

previously noted, a change in the institution's name to the
Central Trust Company is contemplated. The corporation
plans to engage in a general trust, bankiog and savings
business and also to concentrate in a central organization the
business of several country banks. Mr. F. J. Symmes, President of the Merchants' Association, San Francisco, is to be
President of the new institution. Many prominent interests
are identified as shareholders in the Trust Company.

—

Dec. 13th an extra dividend of 4 per
This 4 per cent is in addition to the
per cent monthly dividends paid during the year.

The Los Angeles Trust Company of Los Angeles obtained
a license from the Bank Commissioners on Dec. 16. Authority
is granted the company to engage in a general banking business. The capital has been increased to $1,000,0C0; the shares
are of $100 each par value. The Company was originally incorporated Oct. 4, 1902 to do a trust business, with $250,000
paid-up capital. The number of directors has been changed
Macomber is President
from seven to twenty one. Mr. A.
Mr. E. H. Groenendyke, Secretary

At the meeting last week of the board of directors of
the Colonial Trust Company of St. Louis, the following offic-

At the annual meeting of the stockholders of the American National Bank of San Francisco, to be held on January

chants'

Loan

Secretary of

& Trust Company of Chi38go, has been elected
the Metropolitan Trust & Savings BaDk of that

Mr. Elliott will assume charge of the new trust department to be opened Jan. 1.

city.

—The directors

of the Mercantile Trust

Company

of St.

Louis announced on
cent, payable Dae. 23.
regular

1

—

were elected for toe ensuing year: Thomas W. Crouch,
President
Frank P. Hays, First Vice-President
Paul
A. Fusz, Second Vice-President; Edward S. Lewis, Third
Vice-President, and Edgar D. Tilton, Fourth Vice-President.
Mr. Crouch was acting President this summer during Mr.
Sampson's absence occasioned by ill health, Mr. Sampson
retires to resume control of the Corticelli Silk Co., of which
he is President. Mr. Hays was formerly connected as Bond
Officer with the Mississippi Valley Trust Company of St.
ials

;

The initial dividend of 2 per cent was
company has been in existence only a year.
Louis.

;

declared.

The

Mr. William

K

—

18,

the proposition to increase the capital from $600,000 to

$1,000,000 will be voted upon.

—The

Central Trust Company of South MjAlester, I. T.,
ircorpcration. This institution is capiMr. J. A.
talized at $1,000,000, of which $100,000 is paid in.
Tke company will enHill, of Enid, Okla., is President.
gage in a general trust and banking business, and it is under-

has

filed articles of

stood will

commence

business immediately.

— The organization of the Oklahoma

City National Bank
Oklahoma has been officially approved by Washington an
tbority. The capital is $100,000.

of

December

TBE CHRONICLE.

27, 1902.]

1381

IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SAN FRANCISCO.

they are taking steps to introduce improvements of

preceding months, thus completing the results for the
eleven months of the calendar year 1902. The imports of
gold, although mnoh less thau in October, were of important
volume, reaching $1,633,053, of which $1,484,847 was in coin'
Of silver there came in $150,878, of which $150,170 was
bullion. During the eleven months there was received a
total of $8,884,933 gold and $2,195,025 silver, which compares
with $17,206,553 gold and $3,040,979 silver in 1901. The
shipments of gold during November were but $10,132, all
coin, and the exports of silver have been $677,695, of which
$391,195 was coin. For eleven months the exports of gold
reached $2,199,651, against $246,180 in 1901, and $7,5*1,773
silver was sent out, against $6,232,678 in 1901. The exhibit
for November and the eleven months is as follows
IMPORTS OF GOLD AND SILVER AT SAN FRANCISCO.

the crisis continues as bad as ever, and there is no other
foundation for the rise in quotations that has taken place
except the measures that are being adopted for improving

all

kinds.

The over-capitalization is being reduced. Good management is being adopted, and everything in short is being done
Francisco has furnished to place the enterprises on a sound business basis. The reThe Collector of Customs at San
us this week the details of imports and exports of gold and sult is a rapid recovery this week. In France there is an
silver through that port for the month of November, and improvement likewise in the actual position of the industrial
they are given below in conjunction with the figures for enterprises, especially in traction companies. But in Russia

:

SILVEB.

GOLD.

MONTHS.
Bullion.

Ooin.

1902.
January..

February

March
April

May

Total.

$
43,090
5,139
37,496
143,325

3,454
47,290
25,825
13,768
38,265
2,035
13,615
81,793

486,650
October.. 5,843,205

64,451
40,245
22,304
69,813
80,92*
189,186

November

148,206

Jane .....
July
August...

September

1,484,847

Ooin.

Bullion.

I

Total.

S
3,930
46,544
52,429 67,799
63,324
3,370
188
157,093
102,716
2,644
42,280 161,814
35,919
5,078
151,606 71,070
5«2
567,578
6,032,391
1,022
1.633,053
708

88,879
131.075
165,823
187,895
140,268
77,445
151,482
199,154
238,387
346,247
150,170

92,809
198,874
169,193
188,078
142,912
239.259
156,560
270,224
238.969
347,269
150,878

Tot.llmoe 8.040.747 844.186 8.884.933 318.20QJ 1,876,825 2,19 5.025
EXPORTS OF GOLD AND SILVER FROM SAN FRANCISCO.
1

GOLD.

MONTHS

BuWn

Ooin.
1902.

January

9

9

8ILVER.
Total.

9~

145
3,575 732000

145
735,575

5,673

5,673
4,489
2,117
11,555
213,531

Ooin.

9

Bullion.

Total.

$
9
466,100
474,962
419,400
453,632
566,083
596,402
309.000
322,052
263,235
296,242
669,637
678.936
826,853
839,674
310.800 1,219,967
463,300
840,250
391,100 {1,161,961
286,500
677,695

the management.

Unfortunately the political appiehensions
do not abate in France and the withdrawals from the savings banks still continue.
Tbe new Cabinet in Spain, of which Senor Silvela is the
Premier, is favorably looked upon in Paris. Hitherto Senor
Silvela has been regarded as too clerical, bnt the break-down of
the Sagasta Administration has caused in Paris a complete
change of feeling towards the Spanish Liberal party, and
the hope is now entertained that Senor Silvela will recognize
that he must subordinate his clerical sympathies to the
national interests. If he does and if his financial administration commends itself to the banking magnates in Paris,
there is every inclination to assist Spain by bringing out in
Paris a considerable Spanish loan. The new Spanish Finance
Minister is an able man, and is in favor in Paris, while it is
believed that Senor Silvela strongly desires an alliance between France, Spain and Italy.
In Germany there is little to note this week. The liquidation goes on but there are signs in many directions of recuperation. It is understood that both the German Empire and
the Kingdom of Prussia will borrow next month. The German Empire has already borrowed considerable from the
Imperial Bank, and it is inferred that it will reduce its loans
by appealing to the public as soon as possible in the new year.
The amount to be raised is not yet known, but the general
impression is that it will be about 15 millions sterling.
Money has been in good demand throughout the week and
is likely to continue so all through the present month.
The
general impression is that the Bank of England will not raise

discount rate this year. At all events, the directors will
not do so if they can possibly avoid it. And they are being
assisted by the large shipments of gold being made directly
4,439
May
to Argentina from South Africa, Australia and New York.
1,480
637
11,555
Every year there is a strong demand for gold from London
July
6,526 207006
for both Egypt and South America, and especially Argentina.
August
55.030 635800 690.830 909,167
This year the demands are exceptionally large.
September
5,480 210150
215.630 376,950
October... 110,415 199609 310,024
770,861
So far as Argentina is concerned, all the information that
November.
10,132
10,132 391,195
reaches us is that the crops will be exceptionally good. It is
Tot.llmoe 214.449 1988,202 2,199.651 2.589.765 4.972.008 7,561.773 estimated that the wheat crop this year will be more than
twice as large as that of last year. It is also estimated that
the linseed crop will turn out larger, though a little while
Ipoujeiarvj! (tiommzxtinl gncjttsTil* cxus ago it was feared that it had been greatly damaged. The
prospects are excellent likewise for maize. Moreover, the
From our own correspondent.!
rains that have fallen during the last couple of months have
greatly improved the pastoral industry, and the sheep raisers
London, Saturday, December 13, 1902.
are further profiting from the good prices offered for their
There is a decidedly better feeling upon the Stock Exchange wool. Altogether therefore it is estimated that there will be
than has existed since last May, and during the week there a clear balance of trade in favor of Argentina of from 10 to
has been a distinct recovery in consols, British railway stocks, 15 millions sterling. Consequently the demand for gold upon
London was assuming large proportions but everything is
gold shares and South American securities; but the upward
now being done to meet tbe demand by shipping the gold
movement has been brought about entirely by professional from other quarters. Possibly, however, it will be renewed
operators and members of the Stock Exchange. The general in London early in the new year.
In the meantime, the Austrian demand for gold in the open
public is holding severely aloof. The American department
market has ceased and the French demand is smaller than it
moves up or down as New York moves. The more farseeing was, while the fear
that gold might be withdrawn from the
and judicious reoognize that the fears entertained a little Bank of England for Paris has ceased. Upon the whole,
while ago were grossly exaggerated. They see that the posi- therefore, the present impression is that the bank will not
tion is really improved in spite of the continued decline in raise its rate of discount during the present month, but that
money will be in strong demand at full rates, and that probquotations. One thing that has very favorably impressed ably
rates will continue' moderately high for three or four
the market here is that a very considerable proportion of the months yet.
The India Council is still selling Its drafts well. It offered
American bills which were mainly held by French banks
and which are maturing daily throughout this month are for tender on Wednesday 60 lacs and the applications exceeded 1,500 lacs, at prices ranging from Is. 4d. to Is. 4 l-82d. per
being paid off as they fall due. That shows much strength.
rupee.
Applicants at Is. 4 l-32d. per rupee were allotted
In Paris, likewise, there has been a distinct improvement about 6 per cent of the amounts applied for. Later in the
Frenoh "rentes are again nearly at par. Spanish day the Council sold small amounts by private contract at
this week.
Is. 4 l-16d. per rupee.
risen considerably, and there has been a remark
bonds have
The following return shows the position of the Bank of
able recovery in^industrial securities, both French and Rus- 8o.gland.the Bank rate
of discount, theprioe of consols, &c,
sian. $A few years ago French investors engaged in indus- compared with the last three years :
1902.
1901.
1900.
trial enterprises, both at home and in Russia, upon an enor1899.
Dec. 10.
Dec. 11.
Dec. 18.
Dec. 13.
mous scale. 3t For ,^the most part the enterprises were badly
£
*
m
a
Jlroulatlon.
89.243.fi70
38,765.860
29,218,185
28,597,890
planned, the capital sunk was entirely too large and tbe Public deposits
9.464,540
11099.403
7.986 888
6.668,526
Other depoiiti
87.471,085
37,583,459
38,984,089
86,757,369
managements left very much to be desired. The result was government securities
18,012,833
18,187.080
17,474,678
18,060 880
Other seoarltles
27,873,428
85,237,888
27,046,714
30.151,632
disastrous. There was a great fall in prices investors took Reserve Of notes and ooin
21,(07.147
19,884.868
88,748,781
18,003,169
OolnAbullion.bothdepartni'ts
alarm, they sold for what they oculd obtain, and the losses Prop, reserve to liabilities.. p. o. 81,697,407 £5.180,919 81,103.833 29,806,659
44*
4811-16
41%
42%
Bank rate
4
4
4
6
were severe indeed. Farseeing people— chit fly French and Consols, 8M per cent peroent. 929-10
928-16
977-16
ioiw
silver
256-lWd.
3>*d
8913-16d.
87Wd.
German—bought at the depreciated quotations, and now Olearlnn-House returns
171,827.000 162,420,000 189.888,000
..

February..

8,862
34,232
30,319
13,052
83,007
9,299
12,821

its

l

;

145,703,000

:

:

"

THE CHRONICLE.

1382
Messrs. Pixley

December

&

Abell write as follows tinder date of

11

week and Paris
the open market arrivals. £100,000 has been taken
from the Bank for Egypt, and the only arrival Is £24.000 from Australia. For the week -Arrivals: Oape Town, £59,000; West Indies, £25,000; Australia. £41,000; River Plate, £ 13.000; Chile,. £15,000; total,
£153,000. Shipments: Bombay, £22,750; Colombo, £3.500; Calcutta,
£15, 000;-total, £41,250. For month of November -arrivals: Prance.
£3,000; Holland. £16,000; South Africa, £685,000; East Indies, £193.000; Australia, £33iS,00o. Shipments: France, £390,000; Holland,
£10,000; East Indies, £165,000; South America, £868.000; Egypt,
£792,000.
Sliver- At the end of last week there was a considerable improvement In the Indian price, and for the first time for many weeks the
Bombay quotation stood higher than the London equivalent. Silver
improved at once to 22 l-16d., but with forced realizations In Bombay
the price fell attain about one rupee. Special orders, however, pre
vented any great fall here, and although 22d. was touched, further
purchases carried the price to 22 1ed.. at which the market closes
steady for both cash and forward, the East being still out of the market. Xhe Indian price today is Rs. 55% per 100 tolahs. For the
week- Arrivals: New York, £55.000; West Indies, £16.000; Australia,
£16,000; Chile, £5.000; total. £92,000. Shipments: Bombay. £121,
076. For month of November— Arrivals: France, £66,000; U. S. A.,
£835,000. Shipments: Russia, £16,000; France, £84,000; Germany,
£31,000; East Indies, £700,000.
Mexican Dollars - Several transactions have taken place at from 5sd\
to ll-16d. under the price of silver.

Gold—The

has taken

(ftjommcvcial and 2Uisccllaucoits Jlnus
«ir

DIVIDENDS.

price has varied but slightly daring the

Nivms

Railroads (Steam).
Annapolis Short Line
Belt RR. & Stk. Yds., ImL, pref. (qu.).
Belt Ry., Chicago (quar.)
Canada Month ern..
Chicago & West. Indiana (quar.)..
Cin. Ham. & Dayton, prel. a .fe B (qu.)
Dayton <fc Michigan, pref.. guar. (qu.).

Sk Jan
1% Jan

Dec.

8ILVEB.

4.

Dec.
11.

London Standard.

s.

d.

f.

oz. 77
fine
U. 3. gold ooin...oz. 76
Germ'n gold coin. oz. 76
French gold ooln.oz. 76

9%
4%

d.

77

Bar gold,

Japanese yen

—

oz.

d.

9% Bar silver, fine. oz. 22»e
Do 2 mo. delivery 22%
76 4%
. .

4V 76 4%'
4V
4V 76
4V 76 4V

76

Bar silver, oontaln'g
do 5 grs. gold.oz. 22«8

1

2

A Western (quar.)
Delaware River KK. A Bridge
Georgia RR. & Bkg. (quar.)
Indiana Illinois
Iowa
Lak« Erie A Western, pref
Lake Shore A Mich. Southern

2
2 34

2
2

<fe

3k

Michigan Central

2

Missouri Pacific
N. Y. Central & Hudson River (qu
N. Y. Philadelphia & Norfolk

2>,

Northern

of

A

Plttsb. Ft.

New Hampshire

Ik
2k
Ik

)..

(qu.)

Worcester, pref. (quar.)...

Way. A Chic,

2
1 34

reg., gu. (qu.
spec gu. (qu.)
/

do
do
do
Qulncy RR. Bridge.

1%
6
1

2k
2k

oz. 2313 le
Cake silver
Mexican dollars. oz. 217 16

'Nominal.

IMPOSTS.
1903.
1899
1901.
1900.
imp'ts of wheat.cwt.24,899,864 18,261,400 21,475,900 17,429,400
12.290,040
5,178,544
604.319
720,775
9,337.272
5,596,246

Beans
Indian corn
flour

9,464,800
5,515,000
566,800
657,900
11,069,500
6,355,700

7,474,300
6,740,500
814,530
624.940
14,030.700
6,247,300

5,713,300
5,268.000
1,042,900
503,300
17,335.400
6,083,300

Supplies available for consumption (exclusive of stocks or

September

3
3

S
3
1

1*16
1

Ik
Ik
Ik
6
5

j

The following shows the imports of cereal produce into the
United Kingdom during the fourteen weeks of the seasor
oompared with previous seasons

Barley
Oats...
Peas

Wrightsville & Tennille, com. A pref..
Street Railways.
Birmingham (41a ) Ry. Lt. A P., pf....
Canton-Akron Ry., pref
Capital Trac, Wash., D O. (quar.)
Cincinnati St. Ry. (quar.)
Cleveland Electric Ry. (quar.)
Consolidated Trao I'lttsburg, com
Danhury (t'onn.) A Bethel St. Ry
Dayton A West. Traction, pref. (qu.)..
Fairhaven& Westv., N. Haven (quar.)
Framingham (Mass.) Un. St Ry. (aim.
Fr»mingham(Mas8 )Southb.A M.(ann.)
Knoxville {Tenni Traction
,

do 4 grs- gold.oz. 277 le
do 3 grs. gold.oz. 22»4

1

1

1

Holyoke (Mass.) St. Ry
Lexington (Ky.) By

4

Louisville (Ky.) Ry., com. (quar.)
do
do
do
(extra)
Lleht, pref
(Ga.) Ry.
Montville (Conn.) St. Ry
N.Orleans A CarroHtonBB.L.<fcP.,coro

Ik

Ik

k
2k

A

Macon

do
do
do
North Chicago St. (quar.)
Norwich (Conn.) St. Ry

3

4

2k

pref.

3

2k

Philadelphia Co., Pittsb., com. (quar ).
Ik
Presidio A Ferries, 8an Fran, inithly).. 200.
do
(extra)... 10c
do
do
United Traction, Pittsburg, com
k
do
do
do
pref
2k
West EndSt Boston, pref
4
,

Jan
Jan
Jan
Deo
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Deo
Jan
Jan
Jan
Jan
Jan
Jan
Dec
Jan
Jan
Jan

Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan

Bales of home-grown. 7,090,994

1899.
17,429.400
6,083,300
9,744.220

8,791,844

7,229,173

87,585,604 33,408,944 34,952,373 83,256,920
26s. 7c
*.ver.prloewheat,week.25s. Id.
27s. Id.
27s. Od.
26s. 3d.
26s. 4d.
28s. Od.
Average price, season. 25s. lid.
...

The following shows the quantities
maize afloat to the United Kingdom:
week.
qrs.. .1,825.000
Wheat
Flour, equal to qrs... 365,000

Last week.

445,000

435.000

Th.it

QXS...

1,865,000
345,000

of wheat, flour and
1901.
2,180,000
255,000
705.000

1900.
1,815,001

285,000
845,000

Knxltah Flnauciai j5*«jrfc««a— JPair Cablf.
The daily dosing quotations for securities, etc., at Londoi
are reported

by cable as follows

LONDON.

Sat.

for the

if OH

fu$t.

22?i«
92i°i e
98iie

22B,g

week ending:
Wtd.

Than

Deo. 26:

Mrv

8
4
7

Hamilton

3

Irving National
Leather Manufacturers' National
Manufacturers' National, Bklyn
Market A Fulton
Mechanics', Brooklyn
Merchants' Exchange National
Nassau National, Brooklyn
(extra)
do
do
do
National Citizens'
National City, Brooklyn..
New Amsterdam National (quar.)
Oriental
Second National

4
5

Jan
Jan
Deo
Dec
Jan
Jan
Jan
Jan
Jan

6

Dec

Central National

4

Columbia

4

Garfield National (quar.)
do
do
(extra)

223s
Consols., new, 2 \ p.ots.

92 78

93

Vr'oh rentes (in Paris) fr 99'30
438

A Santa Fe.

99-5o

4%

40s

State

Wallabnut, Brooklyn
West Side
Yorkvllle

10138

101%

101%
101%

95
132
48

183%

Chlca. Great Western.. 25>«
Chic. Mil. A St. Paul... 17734
Den. &Rio Gr.,oom.... 40 J*
Do
do Preferred. 933a

oommon

..........

34 H
6634

46

146%

Louisville A Nashville.. 126
22 »4
Mo. Kan. & Tex., com.. 26
57
National RR. of Mex... 16%
34
......*...
Preferred
BT. Y. Cent'l A Hudson.. 156%
W. Y. Ontario A West'n 29%
Norfolk & Western
723i
Do
do
94%
pref
"Phila. A Read
•Phlla. A Read, ,1st pref.

*Phila.&Read.,2dpref.
South'n Railway, com..

79%
318b
4438

39%
64%
82%
9434

D.

8. Steel

Do

Ttn
*

Corp.,

do
T\»v.

101%
94%
oom.. 35%
pref..

<<

closed.

Xot

].

closed.
to
Jan

Deo 23
Dec 23

6
6

20 Jan
22

to
to

4

6

Jan 6
Jan 19

Jan
Jan

to
1
Jan 14
9
to
Jan 21
18 Holdersofrec. Deo 31*
29 Holders of reo. Dec 31
29 Holders of rec. Deo 31
'20 Jan
3
to
Jan 20
16 Holders of rec. D«c 31
1 Holders of rec. Nov 15
1
Not closed.
1 Dec 21
to
Dec 31
6
to
1
to
1 Dec 20
to
Jan 5
1
Dec 20
to
Jan 5
to
31 Deo 21
Jan 1
15 Jan 6
to
Jan 15

15
15

I
1

Holders of rec. Dec 19

Dec
Deo
Dec
Dec
2
5 Deo
1

27

1

21

to
to

16
17
25

to
to
to

1

2
2 Dec 28

Deo 31
Jan 1
Jan 14
Jan 1
Jan 5

to

Jan

2

Deo* 21

to

Jan

i

Deo 28

to

Dec 31

1
1

1
1

16
1

IB
2

2

Holders of
Holders of

rec.
rec.

Dec 26
Dec 25

t»"

Price poi snare.

86
28
43

7«

25%
179*4
40>4

99-55

95
48

25%
181

40%

93%

35%
C6%

34'e

48

66
47

147
127
23

148%
127%

148%
126%

23

26

26%

-

W
M
H
s

O
-A

1634

68
17

34

34%

166%
30
78

158

155%
3u"v

73
94

72%

79%

443s

443a

6568

17
35

30%

£4%
79%
32%
39 -4

57%

32'8

89%
65%
33%

94

79%
32%
44%
i9%
64%
32%

32%
94%

95

95

101 Og

101 "8

94%

100'e

!.4%

95

36
87

36%
86%
29%
43%

35%
86%
28%
43%

77

77

28%
43%
77

00

o
o

&

F.,

O
t>»

I

o
F
o

1

2

to
to
to
to
to

21
22
24
24
21

to

24
28
20
26

to
to
to
to
to
to
to
to
to
to
to
to

_•

2 Dec
2 Dec
2 Deo
2 Deo
2 Deo
2 Dec
a Dec
2 Deo
15 Jan

25
24
24
24
24
13
21

Dec
Jan
Jan
Jan
Jan
Jan
Deo
Jan
Jan
Jan
Jan
Jan

to

Dec
Jan

Deo 25

to

Dec 21

to

Jan

Jan

Dec 17
Not

to
closed.

do

do
do

pf. (quar.)

1

pref. (quar.),

)

.

Mutual Gas Light

1
1 34

2

pref (quar.)

Central Coal A Coke, com. (quar.)
pref. (quar.)
do
do
Chicago Pneumatic Tool (quar.
Cincinnati Gas<fe Electrio (quar.)
Consolidated Gas, Pittsburg, pref
Eleo Storage Battery, com <fc pf. (qu.).
National Rice .Milling, new pref
\

2% Jan

25

com

Bliss (E. W.), com. (quar.)
pref (quar.)
do
do
Bon Air Coal A Iron, pref. (quar.)

\.

w
o

2

to
to

25
25

to

3
2

American Woolen,

M

2
s
31
2

Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec

Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan

4

Jan
Jan

Deo
3
12 k Jan

(quar.)

do

23
26

57%

).

(extra;

do

do

40

93

Bklyn. (qu

American Caramel, pref. (quar.)
American Chicle, com. (mthly)

179%

a
2
2

to
to

6
Tr.,

United 8tates
Miscellaneous.

48
25

35%
«6%
46%

A

American Brake Shoe

95%
132%

93

(quar.)

Manhattan

Union

101%

31
31

Dec 23
Deo 23
Dec 25

2."

2
4

Brooklyn (quar.)

Standard

100

2

2

15

Atlantic (quar.)

Long I»land Loan

84"s

8568

lOOki
1003s
95k)

Brie,

Not

Holdersofrec. Dec 31*

2

31
1

1
1
1
1

31
1
1

2
2

14

Truat Companies.

Guaranty

4%

85%

Jan
Jan
Jan
3
Jan
6
Jan
2
Jan
3
Jan
7
8 Jan
Jan
6
6 Jan
10 Jan
2k Jan
Jan
G
6 Jan
5
5

Central (quar.)

92'8
92i6i6
93
93
99-22% 99-87 »«

84%

Canadian Pacific....... 131*
48
Chesapeake & Ohio

22%

3

East River National

I'.iuuklyn,

Atoh. Top.

1

Jan
2 Holders Of rec. Dec 20*
Jan
1 Deo 21
to
Dec 31
Jan
1 Dec 21
to
Deo 31
Jan 16 Jan 6
to
Jan 15
Jan
2,
Feb
2 Holders of rec. Jan
2
Deo 16|
Dec 15
Jan
2
Jan 2li Holders of rec. Jan 10
Jan
1 Dec 23
to
Jan 1

German Exchange

1900.
1901.
Wheatlmported.cwt.24,899,364 18,261,400 21,475.900
6,247.300
5,595,246
6,355,700
Imports of floor
1902.

Maize

Jan

to

Hanks.

1):

Total.

Dec 30

1

1% Jan

Vermont Valley

11-

Jan
Feb

2

do
(extra)
do
Southern Indiana, pref

Dec.
.

2

Del. Lack.

Norwich

Books Closed.
(Days Inclusive.)

Cent Payable

A

Bait.

When

Per

Company.

0/

Texas Central, pref

GOLD.
London Standard.

LXXV.

[Vol.

all

The quotations for bullion are reported as follows:

.

Ik
1%
2k
2

Ik
Ik
Ik
2
1

3

Ik
3

4

Jan

Jan
Jan
Jan
Jan
Deo
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Feb
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan

Rhode lsld. Perk. Horseshoe, pf. (qu.) Ik
12
Stetson (John B.), com
pref
do
4
do
3
Sweetser, Pembrook A Co., pref
I Temple
Iron
3
Ik Deo
Texas A Pacific Coal
Jan
1
Vulcan Detinning, com. (quar.)
do

do

pref. (quar.)

1»<

Western Gas
*

3

Transfer books not olosed.

t

Jan
Jan

Deo 4
Dec 4
Dec 27
10 Jan 6
2 Dec 21
2
2

to
to
to
to
to

Holders of
Holders of

reo.
rec.

Jan
Jan
Jan

1

2
1

Jan 13
Jan 13

Jan
Jan
Jan

1

9
1

Dec 15
Deo 15

1

Jan 6
1
31 Deo 27
16 Jan 3
2 Deo 27
2 Drc 27
1

to
to
to
to
to
to
to
to
to

Dec 21

15 Jan
15 Jan

I
1

Jan

4

l.->

2

Holders of

Deo 23
5 Deo 27
in Dec 28
15 Holders
16 Jan 10
16 Jan 10
2 Deo 31

rec.

to

i

t<>

to
of reo.

to
to
to
1
Holders of reo.
30 Holders of rec.
2i> Jan 11
to
*0 Jan 11
to
to
20 J.ni 11

Jan 11
Jan 1
Jan 15
Deo 31
Dec 31

Jan 1
Jan 16
Jan 15
Jan 16
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Dec
Deo
Jan
Jan
Jan

20
1

6
11

2
15
16
21
B]

22

20
20
20

Payable to holders of certificates of bene-

fleial interest.

National Banks. — The following information regarding
is from the Treasury Department.

national banks

NATIONAL BANKS ORGANIZED.
Certificates Issued October 2S to November 1 190S
6,474— The First National Bank of Form an. North Dakota. Capital,
$25,000. J. L. Mitchell, President; R. L. Hlmebaugb,Oa«h1er.
,

,

December

.

THE CHRONICLE.

1902.]

6,475 -The First National Bank of Omemee, North Dakota. Capital,
$25,000. F. W. Cathro, President James Wright. Cashier.
6,476— The Citizens' National Bank of Abilene, Texas. Capital, $75,000. J. M. Wagstaff. President. W. J. Th 'tnoson. Cashier.
6,477—The First National Bank of Okema, Indian Territory. Capital
$25,000. C. J. Benson, President; Win. H. Dill. Cashier.
noesota Capital,
6,478-The First National Bank of Brioelyn.
$25,000. David Seoor, President; E. E. Aldrloh, Cashier.
6,479— The Corinth National Bank, Corinth. New York. Capital, $25,President; F. Eldred Pruyn, Cashier.
000.
6,480— The First National Bank of Clinton. Indiana. Capital, $30,000.
James H. Wilson, President; J. Clark Smith, Cashier.
6,481—Tin First National Bank of Anaheim, California. Capital,
$50,000. W. F. Botsford, President; C. E. Holoomb, Cashier.
6,482— The First National Bank of Rt»msen, New York. Capital, $25,000. George E. Pritohard, President; H.W. Dunlap, Cashier.
6,483—The First National Bank of 81ipperv Rook, Pennsylvania.
Capital, $25,000. W. Henry Wilson, President Jno. A. Aiken,
Cashier.
6,484-The First National Bank of Porto RIoo, at San Juan, Porto
Capital, $100,000. S. O'Donnell, President; F. M.
Rico.
Welty, Cashier.
6,485— The Ithaoa National Bank, Ithaoa, Michigan. Capital, $25,000. Alvedo 8. Barber, President John J. Pellett, Cashier.
6,486— The First National Bank of Enderlln, North Dakota. Capital,
$25,000. A. L. Ober. President; H. E. Blair, Cashier.
6,487— The First National Bank of Dryden, New York. Capital, $25,0J0. Martin E. Tripp, President F.H. Cuykendall, Cashier.
6,488—The First National Bank of Molntosh, Minnesota. Capital,
$25,000. Wells S. Short, President Sol. H. Drew, Cashier.
6,489—The First National Bank of Atkinson, Nebraska. Capital,
$25,000. Ed. F. Gallagher, President Fred. H. Swingley,
Cashier.
6,490—The Alva National Bank, Alva, Oklahoma Territory. Capital,
$25,000. H. K. Blokford, President L. A. Westf all, Cashier.
6,491—The First National Bank of Grant County at Canyon City,
Oregon. Capital, $25,000. F. O. Sels, President
,
Cashier.
6,492— Old Detroit National Bank, Detroit, Mlohigan. Capital, $2.000,000.
Alex. MoPhereon. President, Wm. T. DeGraff,
Cashier.
6,493 -The First National Bank of Osoeola. Nebraska. Capital, $25,0U0. H. M. Powers, President; A. O. Monson, Vioe-Preeident;
S. a.. Snider, Cashier; J. F. Monson, Assistant Cashier.
6,494— The El Dorado National Bank, El Dorado, Kansas. Capital,
$50,000. J. E. Dunn. President; Jno. T. Evans, Cashier.
6,495—The Olalrton National Bank, Clairton, Pennsylvania. Capital,
$25,000. Edwin L. Porter, President; C. H. Drum, Cashier.
6,496-TheClty National Bank of Dawson, Georgia. Capital, $65,000.
J. M. Bell. President; K. 8. Worthy, Cashier.
6,497— ThnWoods-Rubey National Bank of Golden, Colorado. Capital,
$50,000. Jesse W. Rubey, President; William P. Benedict,
Cashier.
6,498— The First National Bank of Colquitt, Georgia. Capital, $25,000. O. C. Bush, President; J. R. Crawford, Cashier.
6,499— The Farmers' & Merchants'! National Bank of Tyrone. Pennsylvania. Capital, $60,000. E J. Praner, President; Frank
M. Waring, Cashier.
6,500—The First National Bank of Youngwood, Pennsylvania. Capital, $25,000. David L. Newill, President; Jno. W. Scott,
Cashier,
6,501—The First National Bank of Osoeola, Pennsylvania (Post-offloe,
Osceola Mills). Capital. $50,000. John MoLarren, President; E. O. Blandy, Cashier.
6,502— The First National Bank of Webster, South Dakota. Capital,
$25,000. Isaac Lincoln, President; Geo. C. Dunton, Cashier.
6,503-The First National Bank of Bloomfleld, Nebraska. Capital,
$25,000. Emil Engdahl, President; A. J. Lindstrom, Cashier.
OUH8
6,504—The First National Bank of Farmland, Indiana. Capital, $25,000. Fred P. Shaw, President; Henry D. Good, Cashier.
6,505— The Citizens National Bank of New Lexington, Ohio. Capital,
$25,000. Asberry Garllnger, President; H. E. Oonkright,
;

1383

a ad since Jan. 1, 1902,
1901 and 1900.

and

for the corresponding periods in

XPOBTM ISO IMPOST! OB HPBOIB AT
1

HBW TOBK.
Imports.

Kxportt.

M

Sold.
Since Jan.

Week.

Since J an, 1.

Week.

1.

$184,625

,

$259,564

.Vest Indies.........

2,000

outh America
Ml other countries.

;

711

Total 1900

55,952,852
4,742,674
10,606,137

$1,950

400
25,073

$261,564 $29,010,348
38,000 51,187,747
142,000 47,660,904

Total 1901......

$2,416,214
1,208,550
447,743
510.874
75,020
1,121,557
172,894

$28,134
10,386
8,825

18,774,514
4,921,099
1,576,994
56,776
3,393,294
103,046

Zmportt.

Mxportt.
Siiver.

SinceJan.l.

Week.

Since Jan. 1.

Week.

;

9691,050 $32,420,347
629,550

ran oe. .............
ermany.... .......

1,900
184,484
52,661
407,306
7,212

$62,415

979

79,068
722,034
467,498
19,720

$691,300 $33,703,460
609.240 47,133,954
1.531 185 52,477,404

$63,394
38,108
27,757

#1,292,921
3.554,546
4,531,438

280

;

;

\11

93,007
1,594

other countries.

;

Total 1902
Total 1900

;

;

Cashier.

6,506—The First National Bank

Cambridge, Nebraska.

Capital,
$25.000.
President; James Kelly. Cashier.
6,507—The Hays National Bank. Hays, Pennsylvania. (Post offloe
Hope Churoh.) capital, $25,000. Reld Kennedy, President;
Edw. E. Ebbert, Cashier.
6,508— The First National Bank of Pleasantville, New Jersey. Capital, $25,000. Chas. A. Campbell, President; Jere H. Nixon,
of

,

6,509— The City National Bank of Auburn, Indiana. Capital, $50,000.
W. H. Molntyre, President; F. E. Davenport, Cashier.
6,510— The Madison National Bank, Madison, West Virginia Capital,
$25,000. Julian Hill, President; S. M. Croft, Cashier.

Imports and Exports for the

Week,— The following

are

Che Imports at New York for the week ending for dry goods
Dec. 18 and for the week ending for general merchandise
Deo. 19 also totals since beginning first week January,
70BBI0H IMPORTS.
;

Of the above imports for the week in 1902, $5,876 were
American gold coin. Of the exports during the same time
$57 550 were American gold coin and $250 were American
silver coin.

New York City Clearing House Banks. -Statement of
condition for the week ending Dec. 20, based on average of
We omit two ciphers (00) in all cases.
daily results.
Re-

BANKS.

Capital. Surpiu»

9

Sauk of N. Y.... 8,000,0
Manhattan Co... 8,060,0
Merchants'....

2,000,0
2,000.0
1,500,0
Phenix
1.000.0
aity
25,000,0
Chemical
800,0
Merchants' Ex..
800,0
Gallatin
1,000,0
Drov's
Butch.*
800,0
tteoh.A Traders
700,0
Sreenwloh
200,0
leather M'f'ra..
600,0
Seventh Natton'l 2,478,2
American Exoh 5,000,0
Jommeroe
10,000,0
Sroaaway
1,000,0
Mercantile ...... 1,000,0
Pacific...
422,7
Chatham
450,0
People's
200,0
North America.. 2,000.0
3Unover....
3,000,0
Irving
1,000,0
Citizens'
1,550,0
Nassau
600,0
Market F niton
800,0
Shoe
Leather. 1,000,0
Corn Exchange. 2,000,0
Oriental
800,0
Imp't'rs'*Trad 1,500,0
Park
2,000,0
Bast River......
250,0
Fourth
S.000.0
Central
1,000,0
aeoona
800.0
First... ........... 10,000,0
500,0
N.Y.Nat'iKxoh
tteohanlos'....
A.merica. ......

A

&

Bowery

German Ameri..
Chase

1901.

1902.

Dry Goods...
Gen'l mer'diae

$2,452,296
8,591,045

£2,460,955
7,871,853

1900.

Giermanla

200,0
800,0

Unooln

$2,018,864
8.101,725

,

Fifth

1899.

,

910,332,808

911,043,341

$10,120,089

$2,558,252
8,873,454

911,431,706

1.

Dry Goods

8123,691,635 $105,279,311 $111,179,904 $101,733,408
aen'l mer'dise 435,311,270 411,026,620 409,634,647 404,561,488
Total 51 weeks $559,002,905 1546,305,931 $520,814,551 9506,294.896

for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of

The imports of dry goods
in

from the port of New York to foreign ports
week ending Dec. 22, and from January 1 to date.
EXPORTS FROM IfBW fOBH FOB THE WBB&

specie)

for the

1901.

1900.

1899.

$11,117,395
469,299,437

910,889,581
489,548,199

$10,476,012
519,754,487

$4,583,072
452,962,668

Total 51 weeks $480,416,832 $500,437,780 $530,280,499 $457,546,740

Notb.— As the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also oompiled by the Custom House, we shall from
time to time adjust the totals by adding to or deduotlng from the
amount "previously reported.
of

20

200,0
600,0
2,100,0
800.0

Western
B'klyn

Liberty
N. T. Prod. Ex..

1,000,0
1,000,0
500,0
860,0

New Amsterdam
t.»tor

United States...

600.0

8

BvteU.

Legal*.

Uivortt* tervt

9

9

9

P.O

2,641,0
8,488,0
2,645,1
1.888,0
2,718,6
860.0
21.818,4
8,887.4
778,4
849.8
437.6
490,0
133,6
999,6
1,216.7
8.418,0
10,808.6
1,103,6
2.064,5
481,9
784,4
200,8
1.852.8
8.823.8
4 64.8
1,177,1
658,8
819.4
1,279.8
8.247.0
190,1
8,607,0
12,674,0
180,4
3,811.6
1,776,0
1.548.0
14,038,8
800.3
382,0
796,0
788.6
10,820.2
2.368,1
150,0
416,4
1,888,8
1.476,0
483.8
1,683,4
467,0
3,088,0
9.872,7
445.0
1.3dS,8
592,2
982.2
764,0
764,6

1.444,0
2,081,0
1,158,5
1,332,0
2,700,8
808,0
5,572,2
8.248,8
664,1
736.2
68,4
342,0
130.1
151,0
243.5
1,885,0
4,567,0
195,8
1,123.6
409.0
804,4
452,6
1,888.6
5,811.6
631,0
414.2
853.9
770.8
231.6
3,818,0
480.4
1,240,0
3,789.0
204,2
2.308,8
808,0
1.327,0
3,069,5
475.8
301.0
387.5
283,5
1,858,4
140.4
905,0
704.8
1,886.2
892,0
168,7
529,4
358,0
1,850.0
8,066,1
578.0
826.0
822.4
658,1
182,0
89.2

15,625,0
21,908,0
13,966,4
13.117,0
80,204,7
4,784,0
106,382,7
22,634,1
b.490,9

26'3

9

8,386,0 17,021,0
2,310,3 19,587,0
1,288,8 12,188,4
8,68»,8 13,162,0
8.447,2 18,484,0
817,8
4,869.0
15,894,6 124,722.2
7,368,2 23,980.6
806,8
6,240.8
2.118,*
7,783,7
81,1?
1,625.0
387,1
8,887,0
211,0
1,227,1
661,8
4,488.2
168,6
6,478,6
3,546,8 2B,808,0
7.968,4 72,689,8
1,9*8.8
8,826.6
1,617,7 12,808,6
564,3
2,895,6
1,011,4
5.872,2
873,8
2,081,6
2,026,1 16,730,8
6,061,7 45,711,8
1,088,5
6,381.0
632.8
6.778.8
807.8
2,645,8
1,095,2
6,036,4
807,4
4,960,6
8,225,6 18,587.0
418,2
1,903.0
6,433.2 22.487.0
4.624.8 48,830.0
149,0
1,147.3
3.786,9 18,637,8
622,6
8.^65,0
1,222,8
8.343,0
12,831,7 78,486,8
857.6
6,880,1
774.3
2,686,0
611,2
3,790,8
480,1
8.689,7
8,888,9 87,680.0
1,691,2
8,674,8
634,7
2,683.1
2,809,8
837,6
1,218,8 11,888,3
7,134,2
1.308,9
411,2
2,251,9
7,402,6
1.286,8
480,6
8.088,0
1,214,8 11,812.0
8.836,0 36,329,6
650,6
4,851.0
1,806,4
8,705,6
3,971.7
463.S
577,6
6,858,1
4,461,0
485,9
488,8
4.691,1

Tom]

102251,8 121984» 376,861.8 > 66B7S6 68,078.0
t United States deposit* included M0.iwtv.0o.

6,«77,i
2,119,5
4,015,0
1,090,8
4,292,6
6,882,0
22,489,0
59,881,3
6,669,4
13,024,0
8,889,0
5.675,0
2,724,0
12,716,7
52,588,4
4,259,0
6,877,4
8,328.0
6,270.8
5,835,2
28,760,0
1.927,0
19,584,0
67.978.0
1,376,8
20.764,1
11,098,0
10,421,0
65,758,6
5.857,8
3,087,0
4,781,2
8,787.7
44.514.3
9,476.2
8,440,8
4,685,1
12,885,2
7,185,8
2,402,2
8.280,9
8,233,0
13,088,0
48,883,4
4,412,0
7,076,2
3,781,3
7,345,8
4.865,0
3,984,7
1

255
28-5
24-4
26-8
24'4
26'2
27-1
24-2
27-9
23'3
20-7
24-1
26-7
24-7

289
25-8

229
24'4

228
280
238
26-2

278
23 3

249
38-2

258
25'8
24-5
38-7
24-7
28-2
28-7
28'4
23-8

276
24'4
23-8
22*4

248
26-3
27'8
26-3
80-6
28-9
30-9
25-9
27*1
28-5
25-3
26-4
29-8
23-1
23-8

245
23'3
31-6
21-1

867,856,0 25-9

New York City, Boston & Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City. Boston and Philadelphia.
Capital

The following table shows the exports and imports
specie at the port of New York for the week.ending Dec.

200,0
1,000,0

Seaboard..

BANKS.

1902.

for the week..
Pr«v. reported

1,000,0

Bank of Metrop
West Side
1st Nat.,

Total
Since Jan.

1,000,0
100,0
200,0

Fifth Avenue
German Exoh...
Sttrfleld

tor wee*.

350,0
200,0
760,0

N. T. County....

Luani.

A

Surpiui

Loam.

Specie.

w. v.»
$
•
Nov. 29.. 220,748,4 879,828,0 1688402
Dec. 8.. 328,399,7 881.437.C 1626208
" 13.. 224,216.7 879,871,6 1588593
" 20.. 224,216,7 875,881,3 1589786
Boa.*
Deo. 6.. 62,892,0 190,913,n 16,388,0
••

18..

" 20..
Phtla.*
Deo.
••

*

6..

13..
20..

"

52,822,0 189.638 16.660,0
52,382,0 186,982,017,172,0
44,764,0 181.622.0
44,764,0 180,471.0
44.764.0 177.681.0

We omit two cipher* in
Government

on Dec.

2tf

Depotita.r

f

9

Otrc'l'n. Olearin»».

~9

87,905.3 388,836,0 45,433,?
67,893 .t 879,762,6 15.608.6
67,980.4 878,731,2 45,560,7
88,078,0 867,856,0 46,615,7

__

13876806
14716165
18710J83
14953184

6,286,0 208,991.0
6.86B
206,614,0
8,174,0 202,740,0

6,816.0 140 609.1
6,798, (> 138.807,0
6,803,0 188.701,8

204,801,0
302,607,0
|20i,C84

8,480.0 135,569,3
9,466.0 108.009,8
9,467,0 138.536,7

49,646,0
48,187,0
48 8SB.0

all these figures.

Boston and Philadelphia the item " due to other banks," and
For Boston these Government deposits amounted
deposits.
to $5,621,000 on Dec. 13 to $3,531,000; on Dec. 6 to $5,549,000.

t Including for

also

Legal*.

;

.

»

.
.

«

)

:

,

THE CHRONICLE.

1384

—

Reports of Non-Member Banks. The following is the
statement of condition of the non-member banks for the
week ending Dec. 20, based on averages of the daily results
We omit two ciphers (00) in all case ».
BANKS.

Capi-

Bur-

tal.

slut.

t.vHtl
Leg. T. 0«jN>l<
AB'k. Olear'o Othei
Notes. Agent. Uk».<t

Loam A

(OUl onifttedM

Int»e»t- aiM«t»

m*nt$.

YOBI
MWBorough OlTT

Net

UpoiW

Manhattan,

I
I
100,01 188,1

••

Fourteenth street
Sansevoort........

Hamilton

Mount Mo rrlB
Mutual
Nineteenth Ward.
Plaaa
Riverside

800,0 367,4
100,0
90,4
300,0
64,4
300,0 114,1
94,8
360,0
300,0 184 8
178,B
381,8
107,8
418.U
88,2
87,4
369,4

300,1)

100,0
100,0
100,0
State
Twelfth Ward..... 300.0
Twenty -third W*d 100,0
100,0
Yorknile
100,0
Washington
300,0
KdeUty
100,0
arte*
400,0
Jefferson
100,0
Century
Wasm'rtonHelghts 100,0
CaltedNatlonal. 1000,0
Boro'h of Brooklyn.
160,0
Bedford
100,0
Broadway
800,0
Brooklyn
100,0
Eighth Ward
Fifth Avenue
100,0
at annlaot'rs' Nat'l. 263,0
600.0
Mechanics
100,0
Merchants'
Nassau National.. 800,0
800,0
National City
100,0
North Bide
100,0
Peoples
Seventeenth Ward 100,0
Bprague National. 300.0
Twenty-sixth Wd. 100,0
300,0
Union
100.0
Wallabout

Boston

I

207,1:

68,0

108,6
380.0

100,0

3418.0

8,0

78.1

ii'i

143,4
177.6

68.6

8466

188.0
84.9
208,0
170.0
114.8
178.6

48.0
02,8
86.0
88,0
109.0

802
4198.0
28«7.0
947.8
1144.2
681,8
1095.8
578.6
1347.0
776.6

172.0
140.0
17,0
66.4
9,6

121.2
14,0
43,5
88,8

838,0
80,*8

70,4
67,9

1.8

30.9

44,0
07.0
320.1
31,8
43,8
81,9

87.1
162.6
60,8
47,4
31,1
142.8
801,8
64,4
296,0
800,0
65,6
73,4
46,8
11,8

17,2

6.0

48.1

88.8
40,6
06.4
80.1
12.6
18,2
43,2

148
1401,8
1659,4
17.4
1436.6
87.1
1S,1
824.6
0.1
87,6
710.2
87.8
480,6 2881,8 846,0
888,6 4082 5 114.3

at.

31,C
8

1645.6
1748.2
1480,7
884,0
17,6
680.7
6
8899.4
30,0 4807,1
884.8
37,0 4578,0
58.0 8026.0
883.0
69,9
68.8 1215.1
9,s
658.8
87,0 1008,7
S.i687.6
e'i.'i

66.8
006,0
281,0
39.7
09,3
77.8
150.
67,6
50,6
88.7

82 4

577,6
788,0
1424,4
301.8
883.4
1814,7

121,8

89,3
318.9
180.4
40,8
94,7
444,6
2S4.8

85,0
24,8

2101.0
1011,8
3036,8
3839,9
3885,3
1963.4
8107.0
971.8
6502,0
1914,0
1470.0
1680,6
784,8

!

1227 8

41,'

789.2

120.

1

Jobn.N.B.

713

38.1
88.9

6

84,8
104,8

16.0
10.0

689.8
074.3

12.6

1037.8 4858," 363,8
73,8
030,8 3142,7
78,4
807,8 1179,1
48.4
308,1 1340,7
497,4 3188,e 108/
88.8
1846 ICli.l

508

379,4 1588,8
60.0 100.8
30,1
848.6
69,8 876 9
26,0 168,8

74,1

10.1
28.7
11.
61.1

008

20.6

I

0838.6
1783,3
1310.9

1418 6
1918,4
1187,1

Totals r>so. 30.. 8813.0 9817,8 78008,1 3848,1 447K.4 8011,0 1904.'/ 818444
Totals Dec. 18.. 8813,0 9684.1 7802 8, 3793.0 4I»28.2 7015.B 3167.0 48863,6
Totals Deo.
0.. 8013,0 9694.7 77881,7 8740,1 4704,8 9788,7 1530.6 84393,4

1,

1902.

Receipts

at—

Wheat

Hour.

OaU.

Corn.

Barley.

nbu.iee ws Bush.60lb* BiuKMlbt BlMh.32 Ibt Bush AH
jnisaso

210,647

Utoer ooontrlee

21.043
8,048
13,441

Total
Total 1900-01....

287,613
278,974

8,222,557
7,826,681

C. Amerloa.
Indies.. ..

lO.COfl

Ir.N.Am Colo's

Minneapolis.

2,050,000
7.621

51,416

6.391

136,880

855.7-10

284.40

43.190

107,000

40,876

1,683.500
22,800

80300
142 131
336.150
129.6)0
154,800

roiado
6,400

48653

181,000
68,00

...

14,311

28,863

147,851

St. LiO-llS ....

49,720
34.055

2SU.404
6,600

123.600

667.500

Detroit

'•r.i:

75.177

725,785

88.000

15,309
6.7H0

7,840

Pot.wS.1902

5,100,769

wk.'OO

Since iui. 1
1902

3,403,669

1,573,229

8.991.841

2,264,653

853,421

227,690
203.041

4.911,810

865,608
860,861
884,064

wk.'OI.

644,830
4,261,603
2,819,e05
6,627,89

8,133,740

981,613

115,956

10,042,732 163,684.088 49,«86,222 85,964.546
9,658,660 150,146,777 59.269,821 69,748.02
8.873.CB3 128.731.592 84.983.20S 74,456 760
)

1900

84 242 5,970409
29,28M.149 S.215.M86

31.":

8,688 968

27.304,856

The receipts of flour and grain at ne seaboard
the week ended Dec. 20 1902, follow:
ut««pl. at —

bbti
106.867
41,748
7.882
86,403
1*2,88*
4.4X1
13.291
37,6*7

NlwVr.ni
B)iton
M mtres

P

iiladelpnia

....

B jltlmore

alahmotid

Mew

Orleans*....

Mewport Newt..
Norfolk
»»iT»»ton
P inland. Me
PeniHGOlH
Mobile
St.Jobn, N.B....

Wheat,
bush

initsreat—
«ew York

•

1901..

3i',866

40.824
887,700

135 450
11.282
1.640
847.924
7P6 082
15,644
536,600
26.714

35V500
78.120
14.070
47,933
17 0-4
11,100

105.92W
131,803
83,200

Do

9.848
*1.821
1,143

433 688
St6,693

.

'

bills

Receipt of—

l»02
bbli. 21,290,872

floor..

Wbeat

.bush. 131,793,493

Oats
Barley

24,386,2e0
50,449.919
8.94S.282
6,676,874

Com

aye.....

Total drain

15.0

...

216,104.848

\

1901.

193,000

Do

afloat

"olsdo

Do

*

89,000
50 JIH
1 0,000

78.000
210,000
1,012 00'

291,000

37.000

2,000

67.000

81,000

1.18H.0U0

140.000

233,000

512 000

'20,000

1.972.b00
218.000
3.000

219,666

54,000

1,362,000

i.eJHsVJoo

836.666

"l.000

112.000

'62,000

108,000

1000

afloat

—

•ctrolt

afloat
afloat

481.600

Do
afloat
WlirmAPt. Arthur

Do

'

'"7.000

98,004

•

-.

•lllwaakse

1.690,000
8,476,000

1,000

218,000

28 000

293.000

I2.299.ooo
4.046,100

"4,000
1,666,000

712.000
17.000

58.000
28,002

491,006

957,'66o

49.066
201 000
18,000

05,000
1,000

afloat

Minneapolis
Louts

St.

Do

afloat

....

KuiiasClty

Pema

Inllanapolls
ja Mississippi River

1,628,000
821.000
826,000

236.000
90,000

inLakes
^o eanal

and river

italDeo 20.1902.. 48 816 000
rota Deo. 18, 19M.. 43.161.000
Total Dec. 21. '901.. 68.805 OOO
Total Dec 22,1900.. 61.473 000
Total Dec. 28, 18(9
58.878.000

6.342.000
6,4 '8.000

11.181 OOi
7 661.0 '0
12,301.000

6,018,000
6 198 UOO
6 5H9.0CO
9,857.000
6 47.1 000

1, 370.0

1.8 8.IMV)

8.680.000
1.288.000
1,349.000

3.412,000
3.841,000
2,049.000
2.869.000
2,84 1,000

—

C. D. Halsey & Co., Mills Building, will open a bond and
investment department on Jan. 2d in connection with their
general business. The department will be in charge of Mr.
Alexander Van Rensselaer Jr., as Manager.

—

Auction Sales. Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction
By Messrs. Adrian H. Muller
Son:

&

Stocks.

14 Gallatin Nat. Bank
422%
80 Amer. Press Aneoolat'n. 11
1 Free aha. N Y. 800. Ltb\$\$0O
20 VanNorden Trust Co
268
5 Holland Tru^t Co
3
1 Jekyl island Club, par

$600
4 Fifth

Bonds.
$3,000 Sloss Iron <fe Steel Co.
let M. 6s, 192 , FAs.
111%
$4,000 Lima Northern Ry.

$600

1 N. Y Law Institute
186»9
10Tefft-WellerCo.,pref.... ao^

10 Brooklyn Warehouse
Storage Co

By

50 Internal Bkg. Corp. ...203

ists, otf. of

642^ $10,000

Ave. Trust Co

&

112

deposit

8

Tol. «fc O. Cent. (8t.
Dlv\) 1st pref. Inc.,

Mary's
1951
50
$12,000 Park Row Realty Co.
M&N
2d 4s, 1919,
05

Messrs. Richard V. Harnett

& Co.:
Bonds.

167 Vesuvius Manganese Co.

Spencer
37
14S,6-i9

.

compare

as

8,666 249

99,462,887
183,660,175
76.087,925
10,292.964
8,774.679

118.657,743
198.611.888
91,669,768
14,080,6*8
6.681.894

840.041,228

871,909,640

4*3,641.271

5,2.18.617

BSJffc.

145.000

300 Vesuvius Manganese Co.

and Financial.

620

1890
21 348 900

165.5P5 876
105,048.803
70,495.«79

Barley

but*

f>ush

683.000
180,000
41.UU0

gatxkitifl

1900.
21,457,104

22.144,190

Oat*.
1,032,000

69,8-9

111.2*4
80.677
13.1C6
on*.*
r, r «
n

to Dec. 20

7,682,439
7,823,084

292,122

7,933,000

.,.

Buffalo

>o

44,076

o'l.iMw.

Total receipts at ports from Jan.
follows for fonr years:

71813,625 1,809,820
84,710 181

24,376

17,00

636.160

1,577,266

1604.961

850

85,071

623.212
746.523

169
24.658
116
24,877

019,000

Salreston
Montreal
Toronto. .

P.153

"6.055
2.059,564

742,404

1.600

»u*a.
280,000

827,000
313 000
629.00C
1.466.00C
1,179,000
95 000
20 doo
6,608,000
875.000
879,0uu

I

Ueoetpta do not tnemde gialc patsick through *>

p irtion thrnnah

78.610

90,000

1,763,890
1.399.006

1. 1902.
bush.
8,461,368
3,446,840
62.059
881,902
156,377
208.048

20,

hush.
1.018,106

682,083

.

Juh
'Mill

afloat

soiton.
Philadelphia
Saitimore
New Orleans

24,3 25

80.00
43,348

Week

250

Corn,

S.609.0CO

t'.o.ooo

Total week.

Week

Nik

•<«lrJ

675.2R0
24-.176
21.914
38,640

Harie%

)als.

Ot<-n

Corn.
Since

,

Dec.

since

1st pref
common
$167
$100
333 Vesuvius Manganese Co.
$35,000 Vesuvius Manganese
2d pref
$16350
Co.lste,8ubJ.toprlorllens.$l,00C

,

Hour

,

1, 1U02.
bush.
89.810,687
81,211.970
6.935

Slocks.

portp for

week and

Minee July

Slocks.

656,000

•Caositi Olty.

4ame
4«m«

47,200

91,619

8.161

66,698

The visible supply of grain, comprising the stocks In
granary at the principal points of accumulation at lake and
seaboard ports, Dec. 20, 1902, was as follows:

16*.

100,900

657,703
476,800

635,576
208.030
?17,688
3,009,090

Milwaukee..

Cleveland

Bye.

Bu.56

lbs

61,285

Wheat.

Dec. 20.
bu$h.
866.208
721,053

bbl*.

Weit

40,825

17,000
116,011
41.691

Week

6,163,110
1,447,260
461.651
687,667
124,271
428,608

T

Breadstnffs Figures Brought from Page 1420 —The
statements below are prepared by ns from figures collected
by the New York Produce Exchange. The reoelnts at
Western lake and river ports for the week ending Dec. 20,
end since Aug, 1, for each of the last three years have been:

84,283

f-

bbls.

Continent.

60,694

948

1,826

287,618
278,974

154.199
7 9.870

S. Ss

Barltit
fcU.k

87,627
1.264

Since July

Dec. 80.

Omted Kingdom

P*at,

but*
8.203

1,143

Week

JalDth

400,0
360,0
360,0
300,0
110.0
136,0

26.549
8,098
86,071

Tflour.-

Bxports for
week and «tnc«
Sept. 1 to—

ft.

Other Cities.
let Nat., Jer. City
Had. Co. Net.. J.O.
Id Nat., Jer. City.
•d Nat., Jer. City..
lit Nat., Hohoken.
14 Nat., Hoboken.

77,629
21.192
9.848
60.607
67,280
19,207

116
43,893
433.601
850.495
287,988
60.000
26,714
84,000

Same time '01. 1.804.951 292122
The destination of these exports for the
Jnly 1, 1901, is as below:

Do
688,4

76,4
97.3

• UIA.

Total week.. 1,677.266 1,809.820

Do

36.C
100.C

R*t.

but*

119,468

2(6,630
88,200
90,000

aioago

Borough of
Richmond.
Bank of Staten lu
UtNat.,8tatenIsl

Oat*,

bbl:

86.818

Mw

81984

1494

143,8
310.4
170,0

40.7
040.3
683,3
168,8
150.0
78,8
106,2
63.8
121.0
68.1

t

I

307,7
360.0
390.0

Hour,

bush,

Portland. Ma. 161,808
Philadelphia..
40,300
Baltimore
40.000
Orleans.. 604,000
Norfolk

Pensaoola.

180,8
116.0
82.2
88,8
97.6
91.6
146.8

49,8
16«6.f
780.9
10.7
10.4
606.0
8.2
758,3
1671.8
14.8
800.2
8.6
497.1
17.0
3264.4 341.8

61,0
107,6
66,8

,

1

I

08.6
2144,0
8004.0 188.0
1800.6
71,4
31,0
1684.1
1928.1 118,6
3826.1 130,8
84.8
3429.1
1023,9
39.6
8020.0 212,0
21,8
881.0
6807,0 407,0
1000,0
88,0
47.0
1207.8

Corn,

Wheat.

MmporU from— bush,
York
246,616

•Tew

JalTSiton....

Colonial

Columbia

The exports from the several seaboard ports for the week
ending Dec. 20, 1902, are shown in the annexed statement

RewD'rtNews

Of

LXXV.

[Vol.

Trask
BANKERS,

& 39 PINE STREET,

6c

....

Co.,

NEW

YOK2L

Transact a general bankirt" business; act at Fiscal
A**entt for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in

INVESTMENT SECURITIES.
Members N. T. Stock Bzohanue.

Moffat

Branch

&

Office.

46 State

St.,

Alban r

White,

Members New Ystrk Btoek Exchange,
1 NASSAU STKEKT. CORNER WALL.
Dealers In Investment Securities.
Tel. 6820-6881 Cortlandt.

Telephone 8l«eks a MyeclaliT

;

December

THE CHRONICLE.

27, 1902.]

For IHridende

set

page

United States Bonds.— Sales of Government bonds at
the Board are limited to one sale of $18,000 4s, coup., 1925,
at 136J^. The following are closing quotations; for yearly
range see third page following.

(Sa^jetfce,

i^attluers'
1382.

WALL STREET. FRIDAY.

DEC.

Interest

26,

The Money Market and
chiefly to a firmer money market and the usual conditions
incident to a holiday period, the security markets have been
again dull. The buoyant tone noted at the close last week
continued thTough Monday, but suddenly disappeared when
call-loan rates advanced to ten p?r cent on Tuesday, and
as this rate has been quite generally adhered to by lenders,
the market for securities lapsed into a state of inactivity
and depression and so remained until near the close to-day.
This was notably true in the bond department of the Exchange, as no sales of Government or State bonds have
been reported this week until to-day, and the sales of railway bonds on Wednesday were the smallest in many months.
Call money loaned at 12 per cent to-day and rates will

no doubt continue high until the January 1st disbursements
and settlements have been completed. Then doubtless a

amount that

is

to be distributed

demand

seek

will

for high-grade

2s,
2a,
3a,
3s,
3s,
8s.
3s,
3s,
4s,
4s,
is,
4s,
5s,

5s.

Dee.

Dee.

Dee.

Dee.

Dee.

Periods

1902.-3 P. 01
Financial Situation.— Owing

part of the large

1385

20

22

23

24

99

Q— Jan
Q— Jan

Q— Feb
Q—Feb
1918, small. registered Q— Feb
coupon Q— Feb
1918, small
registered Q— Jan
1907
ooupon Q— Jan
1907
registered Q— Feb
1926
ooupon Q— Feb
1925
reg^tered Q— Feb
1904

*i"07Vi -iWh, *i07>i *ib"7i»
*107»9 -107 H •107 >a •107 »a

26

•107*4 •107*4 *107»4 *107*4
U08>* 108k 108 1* •108>«

registered
1930
coupon
1930
1930 .-.maJ. registered
coupon
1930 .small
registered
1918
coupon
1918

•This

Q-Feb

ooupon

1904
is

......

•106 S •106H •io6>n *106i9
•1084 108 >n •108H *108 H>
*109»« '109 >s *109»« •109 "5

•135
•135

•135
•136

•138

136

•186
•136

"103*4 •108*4 •103*4 * 103*4
103*4 * 103*4 •103*4 •108»4

the price bid at the morning board; no sal* was

Dee.
*107»4

*108V

*

*ib"7>i

*

*107S

£

•106 H
•109
•109

h

c
tr

*18t^
:

:

*185i*
* 103*4
*103»4

made

Railroad and Miscellaneous Stocks.— There was a fair
volume of business in sto *ks on Monday, and the market
was strong throughout the day under the same influences
•hat were noted as operative at the close last week. The
buoyant tendency was checked on Tuesday by an advance
in call-loan rates to ten per cent and a part of Monday's
advance was lost. Wednesday's market was narrow and
almost featureless, the usu^l Christmas demonstrates on
the floor of the Exchange engaging for a time more attention than stock quotations.
To day's market became more
active about noon, aft°r whi-h it was buoyant up to the
close.
The result of the week's limited operations is an advance of from 2 to 5 points for a large part of the railway

investment and stimulate a better
securities -that demand having been exceptionally limited
for some time past.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged list.
from 5^4 to 13 per cent. To-day's rates on call were 6 to 13
Brooklyn Rapid Transit was by far the most active stock
per cent. Prime commercial paper quoted at 6 per cent.
on Wednesday. It steadily advanced throughout the week
The Bank of England weekly statement was not issued and closes over 5 points higher than last week on various
on Thursday, it being Christmas day; it will appear on rumors, none of which could be confirmed. Canadian Pacific,
Saturday. The Bank of France shows an increase of 350,000 Great Northern, St. Paul, Rock Island and some of the coal
francs in gold and a decrease of 900,000 francs in silver.
shares were also notably strong.
The New York City Clearing-House banks in their stateThe miscellaneous list has generally been inconspicuous.
ment of Dec. 20 showed a decrease in the reserve held of American Sugar Refining fluctuated over a range of nearly
$1,762,100 and a surplus over the required reserve of 6 points and closes with a substantial net gain. General
$3,093,600, against $8,886,900 the previous week.
Electric advanced 3}^ points, a part of which has been lost.
The United States Steel issues close over a point higher
Differences
1901
1900
1902
than last week.
from
Dee. 22
Dee. 21
Dee. 20
previous week

9
Capital

orpins

Loans A discounts

Circulation
Net deposits....

apede
Legal tenders...

Ino

118,600

83.623,700
100,419,000
867,005,400
81,929,300
904,096,800
161,048,800
70,760,600

235,057,600 Deo
216 964.000 Deo

1,762,100
1,468,800

231.809,400
226,024,075

219,198,100
309,701,100

Deo

298,800

6,785,325

9,497,000

102,251,900
121,964.800
875,861,300
45,616,700
»867,858,000
156,978,600
68,079,000

Seterve held
35 p. o. of deposits
Surplus reserve

9

8,093 600

Deo 3,510,200
Ino

55,000

Deo 5,876,200
Deo 1,S80,700

74,322,700
90.266.200
787,098,700
30,902,600
838.804,400
159,041.000
60,157,100

$40,198,000 United States deposits Included, against $40,164,700 last
week. With these United States deposits eliminated, the surplus reserve
would be $18,143,100 on Dec. 20 and $18,428,076 on Deo. 13.
Roth.— Beturns of separate banks appear on page 1383.
*

—

Foreign Exchange. The market for foreign exchange was
active this week and strong for cables, which were in de-

mand

for end-of-the-year r-mittances.
To-day's (Friday's) nominal rates for sterling exchange
were 4 84@4 84>£ for sixty-day and 4 87*4 for sight. Today's (Friday's) actual rates were 4 8325(84 8335 for sixty day,
4 8680i@4 8690 for demand and 4 8770(34 8780 for cables. Commercial on banks, 4 82S5@4 8310, and documents for payment,
4 82%@4 83^. Cotton for payment, 482>£@4 82%; cotton for
acceptance, 4 8285@4 8310; grain for payment, 4 83^@4 83^.
To-day's (Friday's) rates for Paris bankers' francs, long,
Germany bankers'
5 18%t@5 18%*; short, 5 16^f@5 16^.

For daily volume of business see page 1394.
The following sales have ocourred this week of shares not
represented in our detailed list on the pages which follow.
STOCKS
Week Ending Dee 26
Allls-Chalmers Co
Preferred

Amer AgriculChem, pref
American Beet Sugar

Am.

Steel Foundries
Preferred

Canadian Pao subs 4th pd
Oleve Lorain & Wh.,com.
Distillers Secur. Corp...
General Chemical, pref..

International Silver.oom
Laclede Gas, com.
U S Reciuc & Befg, oom.

Vuloan Detinnlng
Preferred

Bales
for

Range for Week
Range Sines Jm%. I
Week
500 18 Dec 23 19 Dec 20 18 Deo 21 Nov
200 82 Dec 22 82VDec22 80"sDec 82i*Nov
100 80 Dec 20 80 Dec 20 78»aOct 91 J'ly
100 30 Dec 20 30 Dec 20 30 J'ne 30 Dec
200 14VjDec24 14*9Dec21 12 Dec 16 Deo
100 63 Dec 20 63 Dec 20 60«4Dec 70 Deo
300 12938Dec23 180 14Dec2« 124 34Dec 136 Nov
200 72 Dec24 73 Dec 24 36 Feb 84ViMay
27 Dec 32 4Dec
1,885 30 Dec 23 32*4 Dec 26
100 99>»Dec22 100 Dec 22 9S^3'ne 103 Sep
37 10 Dec 22 10 Dec 22
6 ^ J an
24>aOct
42 70 Dec 20 70 Dec 20 70 Dec 92 Sep
200 32 Dec 20 32VDec24 26 Nov 44 s8 Mar
500 30>iDec22 32^jDec26 29 Woi 33>aNov
100 81«4Dec23 81 >«Deo2S 78><iOot 81>«Dec
1

Outside Market.— The demand for outside securities has
not been very large this week. On Saturday extreme dalness prevailed and prices held firm. Considerable strength
was displayed at times on Monday, and values generally advanced to a higher level. On Tuesday conditions were not
quite as favorable as on the previous day, and in practically
all stocks a reactionary tendency appeared, but with very
few exceptions the losses were confined to fractions. Holimarks, long, 94 ll-16@94^f; short, 95^(395^. Amsterdam day spirit pervaded the market on Wednesday and a very
bankers' guilders, long, 39^1[@3915-16; short, 40*^40 3-16*.
small volume of business was transacted
On Friday dealExchange at Paris on London to-day, 25 francs 14i.< cen- ings continued on a small scale, but prices held firm. Northtimes; week's range, 25 francs 14^£ centimes high, 25 francs ern Securities opened on Saturday at 109,%, but shortly after
14^ centimes, low.
the initial dealings ran off tol09V8 and rallied later to 109^;
The week's range of exchange rates follows:
on Monday it advanced to 111, the high price of the week,
-Short.-Cables.-Long.and closed on Friday around 110,%. Manhattan Transit
Sterling Actual
moved between 5 and 4^. Standard Oil continues in good
w 4 8690
® 4 8335
4 8630
4 8770
4 8780
High... 4 8325
,

@4

I

I

4 8655 @ 4 8665
4 8740
83 1s
4 8730
Low.... 4 83
Paris Bankers' francs—
@5 16i*
5 16i4
® 5 18*4*
High... 5 18 34*
5 161.4* @5 16>4t
® 5 1S 34*
Low.... 15 19%
Germany Bankers' Marks—
94'i l9 @ 94M
95>*t ® 95>*
High...
94"8
95>4t
Low....
® 94iii8
Amsterdam Bankers' Guilders—
3978 H ® 39i»i6
High...
40»eU
403ie*
® 39 t8
40
40 ^
Low... .
39
I32 of 1%.
3 32 of 1%.
* Less he of 1%.
t Less
t Less
Ti Plus he of 1%.
|

|

l

I

I

I

I

I

I

I

I

I

V

I

I

V

State and Railroad Bonds.— Sales of State bonds at the
Board are limited to $25,000 Virginia 6s deferred trost
receipts at 11 to 12. The transactions in railway bonds
have been on a limited scale, amounting to only a trifle
over $1,000,000, par value, on Wednesday, and averaging about $2,200,000 for the week. They included chiefly
low-grade issues, several of which advanced a point or
more. The features were Atchison, Bal'imore & Onio, Burlington & Quincy, Rock Island, Colorado Fuel & Iron, Consolidated Tobacco, Oregon Short Line, Union Pacific and

Wabash

issues.

demand and advanced from

685 on Saturdav to 695 on Monday: a reaction, however, set in on the following day, and
by Wednesday the price had dropped to 6S8; on Friday itrecoveied again to 690. International Mercantile Marine was
dealt in on the curb for the first time this week; the common opened on Monday at 21, but fell off 6^ points the same
day to 14^, and on Wednesday sold as low as 13 (seller 30)
the close on Friday was at 14^ (sellers January option);
the preferred sold on Wednesday at 46 (seller 30). Montreal & Boston was the active feature in the copper group;
opening the week around 2%, it advanced to 3, but subsequently dropped to 2%. Tennessee Copper on Saturday sold
up from 16% to 183g, but declined later in the week to 18.
Greene Consolidated moved between 25ig and 24%. White
Knob displayed extreme weakness, falling S}{ points to 8.
On Friday United Copper gained 2 points to 30, on the
announcement that a dividend of one-half of 1 per cent
would be declared shortly. American Can evidenced considerable strength, the common moved up 1 point to 10 and
the preferred 4% points to 46.
Outside quotations will be found on page 1394.

%
%

5

.

'

%

I

New York

Exchange— Stock

Stock

STOCKS— H 1(1 II EST AND LOWEST SALE PRICES
Tuesday
Dsc Vj

-•/

|

Dec. 22

30

40

40

H

42
00

*:.8

*U7
S3

81%

i,.

82 %

S3

*3S
82

*38
"67
82 38
99

9734

118% 124

*

130%

i.27%
7G'v

75

<

70i a

*195
24

'4

*88

172%

1733.1

•192

*8

217'

-110

37%

39

*llo

38%

91
85

•192
2L7

....

37%

216%216%

217'4

Du
Bo
Do

38"a

176
•192

198
217

East'n Illinois

9L
85

j

"80

37%

179
198
217

216

4

162 150 162 *150 162
*190 195
195 '190 195
*16
16
16% 17
17
17
32
32%
32% 32% *S1
33
14
14^ 14% 15%
14% 15
•45
*45
46
46%

150
190

162
195

16%

10*4

*31% 33
13% 13%
40 V

4l> J o

95

95

95% 96%

7
t

27%

27% 27%
*67% 69

Do

69%
43%

69*8

*42
43
163 % 163%
*245 255
38 k.
"90
90 34
42
42H2
*16
17

43
163

16%

33

82% 82%
•16
17 if "if" "if 38 -16% 17%
24 %
24 %
25% 25%
34% 34% 34
34%
3 ;% 34
64 2 65
64%
4 % 64 %
47%
46
46 34
45% 45 % 46
67% 67%
*88
1

101%

68
93

68
*88
61

93
63
192 %

192

2

67
*88

61
195

i'o

99

99

194

98

.i;97%

92

'31

55

55

.,.;

65
49
125

•110

•55

42

49
125

*55
49
115

125

80

80

80

48
•115

65
49

{

*83

22% 22%

22%

<8

100% 106 "a

35
13

26

&

67% Kvansv.

Do

92

M

K
09

45
79

115%
39
70

Bay&W.,deb.

35
55

35

46
•115

50
125

81

80
124

74
123

25%

253a

123

74
123

123

75%
125

.

•34
•83

88
22

• 1 1

75%

73
122

&

25% 26%

120

110

*85

87

223

120
87
225

•110
»83
•222

223

86
8225

110

29%
71%

29

71
*9o
•69
*97

29% 29 34
71% 71%

«7(>

92
72
105
78

154

890% 93
70% 70 %

"31

35

35

91

72
105
77

•

98

91
•08
'98

72% 72%
153% 155%
•34

38

31

72%

154%

1

38

Do

711 hi
1

55

38
80

91

92

120

101

120

.

*85%
*76%
40%
80%
69

92%

% •90

90
*101

101

120

101

62% 6334
63% 64%
86% 86% •86
87

02''.

86 %
77

77

41%

77

41% 43%
8 % 8234

81

63% 72

16
65
27

15
62

26

76

42% 43%
81% 82%
70% 7 %

1

70%

15
57

64%
86%
77%

.

iiiia

prel
Cin. Clue.
Do pref
Ri ading, vot'g

86%

70

c

1

1

17
1

,

Jan

28,800

ran

1

10

13

66% 59%

Si.

Do

81% Si

52
89
63

2d pref

1,650
I

LOO

Si

i'

J'ne

Feb

2

Max

92% A'N
20

[I

M.,1'25

170

8

s,p

\pr

50
72

57
88

94

Nov

86

..'in-

Jan
Jan

:

,

1

24% Jan
Maj
Jau

82

33
97

1

Novl

65

1

lei

58

Sep 10

-

Ma>

Jan
Jan

..

1

80

Nov

9

Sep 10
Sep 8

1

Deo

Keli
.fan

1.7

Si

8

Dec

1

Novll

\..v 2i

Api

7% Jan

liec-'O

1st pref

Dq

Sep

M a>

125

r'd isi.uoi.

.1

3

Jau

1

1

...

Mai 95
Feb 217

l

8

105% Sep
113 Mar25 L28
Mayl4
52% MarlO
3ep 3
ran

Oct

.Mat

47
42

1..

'an

.,

.Nov

Ma.

L6
97

-

Sep

Mayl7

1

Nov
15

Apr 2

11

1.

j'ne

J in

80% Oct 17

1

15

Apr
Jan

70

8

Novl4 47% Apr
1

:i3%
71

1

I

Jan

15
37

1

si% Sep

in

1

70%

s

30

111%

.

6 100

.1.111

[i

\ug

UarlO
1

41

Jan

i"
|.
1"
\pr2'J

1

30

c

ne

Maj 177
Jan

7

12% Jan

-.

NovlS 100

ti

2d pref. vot'g tr. ctfs
77%
46% Rock Island lompany
i'n
iiref
82 % 83%
mi. pref
70% 71

03%
28% 28%

65%
28%

1st pref. vot.

1

il,

Warls
Jau 2

U

300

St. L.

70 \

81

3(

>

<i;

Anv.-

9% Jan

L26%Sep

Nov 14
110%Novlo

200
000

1 1

M ay

Decl;

C>3

[il-

Oot
Sep
A v
Sep

May

,

ep 12
Sep 10

'J

40

1

b.

65%

1

Jan 24

100%
72%

]irel

A
i.j

-May 141%

84

2

lec

Jan 13

so

ne

J

Jan
Jau
-Jan
Apr
Jan

AprlS

Jau 14

807
1O0

pref.

L'o

41

ls

\[ir.-

Jan 14
Feb 21
Decll

a ik
><

Jan 27 115

209%Jan30
25%

Eastern
Marquette

94

41% 43%

1

16

120

63

77%

77

'2

92%

90

2d

%

38
81

81

Coast

J'ne

,

Jan

4

2

VIar31

4::.50o

Y. x. Haven & Hartf.
N. Y. Ontario <6 Western.

P.,c

88% Dec

Dee.

150

Jau
91% Mar22

Nov 14
00
285

11

1

43% J'ne
87% J'ly

>

14

1

1

Apr

2

43

700

lstprel
2d pref

%

811

12

.111

i-

1

-

i

.V.

72
105

6

ll%-\p,75 >a Dee

76

ttarll

1

*68

Apr
Apr
Apr

68

95
36

25
49

Hi 6

so

pref., vot. tr.

h,

5

81%

35

it

51

7o% 72% Norfolk* Western
Du
ii,
92
92

.

1

62 34

77% Dec
13% Jan

Apr2

40

L8%J
90

1,700

Do
Do

45

5% Jan

Sep

1

Cexas

Central* Hudson..
ChlC d; St. Louis...

V

J

94

20%

2,470

tr.

Ana

22% Sep

Jan

21

Oit L8

S. S. -Marie.

<$

IX C

J'uu

Jan
Jau
Jan

41
81
17

Apr21

I

7

Dec

ctts
ctfs

10

1

Y.

120
86

30

105
77

•34

38

34%

222%222%

71
92

*

102

81%

80

*110
*84

A

82

13% Jan
24%Maj
59% Jan
39% Jau

7

Dee

40%

Oct

l09%Mayl9 L34%J'ly23

pref

Kansas

45
17

4% Feb

1

J'ne
J no

.

Dec

36
75

Mav

53 %

Jan
Jan
18
14% Dec

Jan 3

liar 3

Do pref
.hi Pacific
Vlash. Chatt. <S
^ ' at. of Mex., vot.

152% X.
42% 13% N.

30%

70%

Do
M11.

Jan 258

I

80

-,
Marl 2

7,220 135

!entral

.Minn. S. P.

101

."Max

Novl8

L05

75
123

May 60

29% Jan

102%Jan

1

34 %

120
86

29 34

71%

71

2,088
40.400
25,600

-uville...

Mmneapol

.

2225%

29% 30%

154% 154%

91

•68
*98
•71

•110
-84

120
86
225

Apr

Mich. South'n

4150

25%
55% 66%
107%
102% 103%

Jan

.1

Lpr22

pref
1

31 Apr
57 'j A -u'
2034 .May

115% Jan 124 Nov
6% Jan 18 Apr
40 Jan 60 1 c
In- Jau 28% Apr
Apr
105 May

."

6234

Deoli;
Oct 8

L20

Na

v

Apr

Mai 201

12
58
73

2

41

1

400 40

Western..

Michigan Central

104% 105 106%
103% »102 104 '102% 103
16%
.16
1G 14
4 0%
10%
33 '4
33% 34
34% 34 %
153
153 'a 153% 151% 153
150% 151%
4 % 43%
43% 43% 42% 42% '42% 43%
I

Do

105% 107

*

•101

.

11

600

147% Manhattan Elevated...
etrop. Seour., sub. rec
122%
140% Metropolitan Street
36 Met. West Side El. c
87

*115
74
121

122
74
122

8

700

Jan ir>
Jan 1
Jan 16

L9

pre]

22% 23% Mexican

25%
57'.
06
55%
105% 106% 104% 106%

25% 26 l4
56%
56

56

.

2,900

J

Island
Louisville &

J 'ne

146% N

1

to

IKrie A
Do pref.

83

31 a 1

10% Jan
28% Dec

33% Jau 25 50%.
75 Dec 15 88 A

Michigan..

Keokuk eft Des Moin

:

125
180

1

&

May
MaJ
May
Apr

168% Jan
Mar 248
116% Jan 175%

I

leo

94^',

Dec 56
May
May 200

207

2

Mar

J'ly

May

175

,

;

27

41

Jan 2
10434

Jan

90
75

Aug2
Apr 9
Jan 2
44%

2

-Nov

Apr

16

.

ran

Jan 140

91

120%Jan

Sep 2

7

Apr

Maj

:

ii

10

9

•

!.B't.S.&M.,tr. cts. pfd
rot. tr.
Do pief. vot. tr. ctfs
-

-

,

89

8,700 181% Mar 5 202% Sep
L67%Maj
To Jan 11 90 May22 66 J aii
lan 8
57
lot 20
7 % Jan
2,600
Jan 15 106 A
40%Maj
i
si e .Janl4
O'.i-', Jau
13,119 137 Jan 14 173 ^ A
124 Ma]
35% Dec 15 51% Aul'2
J an
21
65 Novl
-1"
~
48 Jan

ctf.A

1

"2

Jan

;

1

72% Jan

J'ly]

Mar26
May29

50

700 30

ova Central
Do pref

k;

29
27

J'lvlT
J'lySO

.;

:

•

i

54% Jan

79

Dei

82

Illinois Central.

% 47% Kanawha
32

35

84
22

4,750

Terre Haute..

Mar
May

45%J'lyl6

J ne 2
10 Jan 15
.Ian 14
28% Dec 12
60% Dec 12
41% Dec 12

l,5oo
150,260
10.425

l

144
38

57%Sep

Apr

-

122

145% Jan

6
3

Feb
Sep
Dec 15 48% Sep

75

290
555

pref
WortluV-lH-n. C.stmp.
Northern, pre!

Ft.

-

Jau

.

300

II

106% 106% 106%
*115

121

122%

86

22% 22%

1.06%

120
73 '2

120
72
122

*84

3,200
1,100
2,900
3,623

24% 24%
Do
deb. ctf. B
97
97% Hocking Valley
Do pref
96%

I

88

1,701)

2,400

196

M
03

124% 123 120% 123
145% 146% 146% 147% 145% 140% 145 147%
119%119% 119
119%119% 119% 421
140 140% 139% 140% *137 Di9%
d 1 39%
*33
•34
-.,.;
36
36
36
34%
*83

3/200
1,450

Ft. Docile.
tr. ctfs

L. .--hore

80
123

-77
80
1?234 123 h

L.

Detroit South. vol.

32%

•78

65

A

Des iloines

18

49
125

35
'05
•45
115

*55

100
St.

tdoife So., vot. trust

oi

63% 53%

56
36

34% 34% •33

3434

1

*55

1,912

&

43

67
*8S

O
W

78%

<

•2,400

pref
Cleve. Cin. Chic.
Do pref

f,

01%
195% 194% 195%

'J

pref

33

61

96 34
97% 98% .r'.hi
143% 143% 140%144 34
3834 38 34
37% 37>,
•67
68
68% 69
"45% 48
46% 4634
78
78% 78 3 *77% 79
3
32>2
32% 32%
31 Ha 32

2,500
2,700

34%
Do piel vot. tr.
iSohx 85^ Detroit United
•46
17% Duluth So. Snore A Atl..
25
25 %
Do pref
34% 30% Erie
65
ii6 7
Do 1st pref
46% 49
Do 2d pref

32

*88

Do

2S

•40
17

23% 24%
97% 97% *97
97%
96
96% 96% 96%
144 145% 143% 144%
38% 38% 33
38
68
68% 68%
69%
*46
43
45% 46

24%

24

67%

& Cm.

pref

Chicago Union Traction.

!.

:

•

Do lstpf. vot. tr. cf's.
Do 2d pf. vot.tr. ctfs.
164% 167 Delaware & Hudson
261
elaw. Lack. A- West'n.
39% 40 Denver* Bio Urande
Do pref
89%

17%
24% 24%
33% 34%
65
65%
45% 46%
67% 07%

92
64

Pacific

44

43

-it;

'

•a

27

80

S

33
15

•09% 70

16%

31

Do

95% 95%

91 34
43

•40
•15

16>i

32

'::

1

39
90

il25ll

pret

Rock Isl'd «fe
St. P. Minn.

Chic.

77
116
87

L45%Sep
97 May22
198

1

55% Oct

1'.

.-

Do

43
163
255
39

43
163
*245

163 165
246 255
39
40
9034 90%
4
40
43

39% 40
90% 91%
42% 42%
C
17%
31% 33 42

31%

70

St.

pref

Chicago & North Western

162
195

32
15

26% 27%
*09% 70

43% 44

25 2

19

L'

27%

&

"Too

2,000
Paul. 191,500

17% Chicago Term'l Transfer.

-95" '96"

96% 90%
27
69 34

150
•190

i).

Chicago Mil-w.
i>o

"150
'190

e.

c.

Sep

Xov

Jim
May

W

Sep

70 May 108
81% Jan 114%
83% Feb 07

136% Sep 13 151 J'ly 1
22 Dec 12 35 Aug20
89%Novl4 95% J'nelO
si % Dec 2
ne_4
33 Dec 12 5134 Ang20
160%Jau27 198% 136 Jan 14 200%
201% Jan 14 271 Apr29
J an 18 274%Apr29
152 Jan 15
ep
140 Feb 6 170%Apr30
194%Nov28 210 Apr 15
15 Dec 11 24%Au«l!i
29 Dec 12 41 Si
10% Jan 8 23 Apr29
44% Mar 15 60 Apr28
XovlO 108% tug a
118 Jan 21 124% Sep 2
14% Jan 15
J ly 1
59% Jan 15 79%Augll
28 Jan 14 53% Sep 2
L53%Novl4 184% Jan 7
Nov 8
35% Dec 15 51% Aug
86% Dec 15

17,700

debentures
pref. "A"..
pref. "B"..

p. c.

5 p.

4

2 145

Jan 28
Dec 24
Nov20
Dec 12
29% Dec 15
900 68 Novl2
134% Jan 21

I

Do pref
25% Chicago Great Western..

_

%170% 174% 176% 174%

216

214
130

Apr

56,100 112%
71
165
6,000 42%

pref

430

*86
-80
37

&

?o

I

4 2%.Jau

139

Ohio
Alton

34
91

Feb

20
50

74

Santa Fe

&

fce

32%

24%

91
85

i'2

47%

Highest

63

&

pret
/'Canadian Pacific
v Canada Soutliern
il of Xew Jersey...

173
1

214

-

133

*88

91

81% 81%
38
174
192

5

1

Lowest

JHigficst

100

l>o

173

70%

24% 25

24% 25

'

•j

72
175

1

70%

Year i'.ni>
Range lor Drentn-ui
100-share tots
Year (li)U±

lor

tsis 0/

pref

Topelca

Atoll.

132%

•46% 46%
3 34 32%

33
>195
'110

94

•80
"30

33
71

Do

09
M4

*140

71
-165

175

70%

V

7ti

214
133
2 4%

»J in

76%

hi

Yearly

u'nd

Lowest

Railroads.
Arbor

\nn

42

128 34 V.Wh

40% 47

47%

46h>
32

31%

5

*140

lt37^2

17..

*11S% 124

124
-140
129

Range

01

the

>

Feb 20
MavlC,
Jan 9
MaylS
% Jan 27
Sep
Do pre!
99%
95% Jan 27 106%Sep 2
9 9. "a Baltimore & Ohio
59,595 02% Dec 12 118%Sep 10
«93% 94
Do pref
92 Dec 15 K) Si p 19
Brooklyn Rapid Transit.. 140,805 54% Novl4
ua
.'l.v21
!%124 Buffalo Koch. & Pittsb'g.
110 Apr 4 128 Aug26

65

*118%
*140

Sales

STOCK

EXCHANGE

36

Dec.

94

I

STOCKS

XEW YORK

J-riday

2.~>

09
83

83'..

97%
92 Hz

Dec.

42

•67

96 34

^07

Thursday

tiesday

ei,

Dec 2i

Weekly

Record, Daily,

\

TWO PAGE

OCCUPYING

Saturday
J'rc. 30

4
2

.

<

56% Dec 20
24%NovlO

3
1

1

"...

1

sep

2

55
17

-

2

oet

Dec

36

J'ne

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
NEW rOEK

Amer

lea 1| ...

Bank*
Bid
.

-,

1

560

Exch..

A^ior

750

LI

liuweryli

iBroadway

300

Hint ch'.s, v, Di

1511

Central

172

325
170
132

Century 1|.... 175
7O0
Chase
Chatham
340 360
Chemical
100 L350
1

1
I

US'

Bid:
1

Columbia
Co mill.

190

200

illatm
ranse
Garfield
'

..

310
200

316

120

t30

blast

Dill

i

L5

1

Kiiuitable

...
f'idelltyli ....

A

1

210
.,000

1000

375
775
200

800
300

125

.,

i

man

-.a
tncoln
.Mauhatlan*
Market A I'm 270

500

iermani
1

i'

..

..

il

L75

i

1

'
!

.

.

M

600

aster

L500

330

.100

1

220

1

&

Shoe
I

635
3U0

si,

Ma

1

banks.

L30

m

old

l

Mei.

'

1

in

Loth.

Stan-'

S

d

17U

300

a ardl

Phenix
'

.

si

-

Seaboard

23d

275
11

v

Orientall

215

'-lnl lis' ..

MutualU

: 1

Second
Seventh

North
Northern

340

Prod Exohl
1

.\i» Sfork...

L68

Bid
600

Batiks
Plasal

195

Iprioes; ao sales were made on this day.
Doss than loo suaros.
sale at stock Exchange or at auction this weeic s Trust Co. certitlcatos.
c Includes, prior to
-i

Ask

J5

Metrop ih'W 500
M

60

lb-

1

(Vardll.

lilts'..

150
1

.

Exch. 105

650

Bid

ink-.

Xew York Co

.

Tra-

i

17o

030

A

Irving
'iii
sonH...
1

niics'

11

laiun

illl|i

.1

.

L55

lit- ii ivieb
llaniiltonll

1

-

350
800

I'..

•N'assau'

000

f

lax!

Ask
280

1

1

Germai
,

Sid

Bauk.s
Death-

.

lonsolidated

Fifth
veil..
Fifth
First
I4tbstreet1|.

Ask
235

i

C'rnExi ngel
i;

Bid
225

Fourth

1

...
"

Bank*

Ask\

1290%

Colonial 11

1

..

Hid

Ask City

700
110

\\

111I1

.Isiali >

ami,

•

i<
mil rights.
Mew
X.it. trust receipts.

Ask
180

%

%

December

30

Dec.

69% 69

7034
'77

59% b0%
63%
31%

60
03 34
32
92 lg
* 90 V

-

.

•

1

'

<J2

-_:.

27

•43

-t

114

•

41

126

-'TV
'

i

if

"28"
16

lU'i 115

114%

158

97% 98%
92
'20

"98Sb

62% 62%
27% 28
41% 417j,
823%
53 %
33

24%
60
»20U
57

28
41

•200

230
1.

»o

4

39

230

"3.".

»34

37

53

33%
25 %

33% 33%
25 V

50%

2534
51?,

230

5034

•200

5s% 59%

%

•11
*76
80
•220

13

%

89

44%

•95
•36

»:i^

44
98
38
230
29
10 V
37

39

39

15

15
45

•15
•35

14%

28%
94

54

*22%
39 34
«92

•40

27% 28%
94
5

'

5%

•22% 24

9

127%

127 V
97
9
128 >2 130% 126% 129%
120 120 •119 121
•87
"87
92
92
162% 162 162 165
•12
12% 13
14
"76% 79
*76% 79
8934 89%
88% 89
•222 227
224 V 225

121
92

>-

79
87

225

7%

*11
13
78 34 73 34
88
88
222 227

-8% 9
79% 80

8

80
81
79 V S0%
•120 128
•120 123
18 34 19'19
19%
210 21.0^ 211%2ll% 211 211%
114%115V 115% 115% 115 II534
30% 31
30
30
30
30%
*81
*32
82
82
84
84
»135 140 •135 140
135 140

79
•125

80
128

120

128

•18% 19 14

18% 18%

211

.

Q
M
W
m

128
120
-85
•162
•11

•76
90

>

•222

y

120

80

211

177
18

•71

177
178V 176% 178
18*8 •17
18% •17
71% *70% 71V *70% 71% *70

•42
•83
•9

44
89
14

178
18
•54
45
-83
*9

43
176
18
*70
58
•45
•83

71%

65

46
89

*45
•87

12

-9

47
93
12

11

•9

11

"44% 15
44% 45
46
§45% 45% •45
»101% 103
102 V 102 V 102% 102% 102 103
26% 26i2 26% 26% 26% 26 a4 26
26%
-90
93
93
*yo
93
93
93% •91
160 168
1(10
165 42 165 168% U62 168
113 115 •110 124
114% 116
112 112
-39% 40 V
39 % 39 V •39
39
40
39
101% 101 V 101 V 102% 101% 102
101% 10134
59
59% 59% 60% 5934 60% 59% 60%
•91
92% 92% *92
92
92V; n:i
92%
•223 225
225% 225% 228 228
225 230
*33
•33
34
34% 34
34
33^
34V
86
86 V
86
85% X6
86
86
86%
19% 19 V 19% 19'fi 19% 1 9%
19% 19%
76
76 34 76 34
76% 76 V 76 Vi 764
76%
21% 21% •21
21% 2 1 % 21% 217
22
71
70
71
71
71
70
871% 71%
*50
55 V 57
57
57
57
58
57
*87% 89% *89
*87% 92
91
91% *89
•434
*5
•5
5V
S
5
5%
5%
5534

*30

12»4

*36
•12
•76

•36
•12

•76

125

§71

70

34%
33%

15
52
34 a
84

59

59

.

13

130

12%
88%
23% 24%
*69 42 69%
15 a 15 V

12

12

88% 8S
23% 23% 23% 23%
69 V 69%
68% 69%
15% 15 V •15% 16%

11%
88%
23%
69%
15%

52

50

>.
1.

*122% 125
235
87"',

193
200

53

1134

88

•50

52

§130

133
12
88

55

34% 35% 34% 35% 34
35
84
84% 85
84% 83% 84%
00
60
60
59% 60'.
60
•124 V 125
•122% 125
8124 124

3

'4

235

200

202

220

240

87% 88
88%
194% 194% "19 4 200
194

205

pref

80% (Colorado Fuel
J

Do

19', Col.

<fc

Iron...

pref

<fe

Distill. Co. of Am.,tr rects.
pref., tr rects

Do

43
178

General Electric
18% International Paper

71%
5s
47
89
12

Do pref
International

Power
Pump..

Internat'l Steam
Do pref

Manhattan Beach

45% National

Biscuit

'.,

eop. Gas-L.cfc C. (Chic.)

Pressed Steel Car

Do

pref

Pullman Company
Railway Steel Spring...
1 VDo pref
Republic Iron

Do

&,

Steel

...

pref

Rubber Goods Mfg

Do

71

4%

•220 240
87 34 87%
•190 200
•190 200

5

1

54% Sep
Feb

3

134

,

52% May
Jan

.1

Dec 12
21% Jan 14
37 Dec 12
550 17 Jan 2 7
800

60

49% Jan 27

900
850

Jan 14
19%. Ian 3o
39 V Jan 24
28

6,220
6,360

lit-

.."lie

35%

Jaii"

Maj

117

7

71

I

no

1

25% May
May

10 34 Feb

24

IW Nov 1
38% Sep 10
54% Sep 10
30% Sep 9
66 Apr29

26

11 '*Jan
23 34 Jan
11
ifr

Maj

:.

ne

22 J'ne
60 34 Mar
38 Mar
26 J'na

May

57% Aug29

3H%Jan

24

J

46%J'ne

% Jan

42»8 Sep 10
31 Aug20

Deo

Not
May
May

>% Jan

Apr

4934

§198 J'lyll §240 Oct 2 5145 Jan §202 Deo
79 Feb 1 60% Dec 130 J'ne

32
14

800

J'ly 10

Decll

39% Dec 16
23% Dec 12

7,175
1,050
1,000

89
5

21
37

l%Sep
8% April
26%Aprl4 10 Sep
37% Oct 3 19 Jan
93% Oct 31 07 Jan

8% Apr

Apr

35
35

J'na

Jan
Dec

89% J'ly
35% J'ne
91% Jan
40 May
210 Nov
45 Nov

Oct
Oct
Jan

41% Mar
7734 Mar
30% J'ly

Jan

66

J'ly

4% Feb

8

J'ne
J'ne

57% Apr 28

Mai

99%Apr23
42% May 2

Apr

24
85
32
265 Aug28 §169
62%Aug2] 39 a4
13 a4 Oct 21
43% Sep 26
31 78 Jan 2 25 34
67 Jan 3 62
28 Apr 30
5%
58 Marl7 31
3678 Apr29 22%

Oct

Aug 33 78 Nov
83% Oct 91% Not

Jan 3 100% Apr29
Jan 20
7%May26
Jan 20 29 Sep 5

22% Dec 30
38% Oct 69

Apr
Feb 104% J'ne
7 J'ne
Mai 49 8
85 Jan 1 101 Oct 2
Apr 90 J'ne
Nov 11 135%Mar31 103% Dec 153 J'ne
1 82J 045 113
350 115 Jan 2
Aug20 111 Dec 130 J'ly
84 MarlO 'AiiS Jan 7 §94 Jan 100 Apr
"lOO 10034 Jan 13 186 Apr 4 157% Nov 167 34 Sep
400 12 Dec 1 17% Jan 7 13% Mar 21% Jan
100 73 Apr 23 80% Sep 22 70 Mar 82 34 J'ly
Dec 12 146 Feb 1 28% Dec 54% Apr
2, 50 dSO
300 210 Jan 4 253 Ang28 175 Jan 228 Apr
300
7 78 Dec 2o 14% Apr 23
,-:% Jan
14% Mar
6,800 73 a4 Aug-22 110% Apr 24
41% Jan 136%J'na
Jan 29 §140 Mar26 L16 Mai L42% Apr
§130
2, 000
14% Jan 16 24% Oct 17 12 % Oct 25 V J'ne
2,400 205 Decll 23034 Apr25 187 Jan 23s Apr
2,800 114 Decll 126%J'ue 3 93% Jan 124 J'ne
5,521 20% Deo 15 38%Mar24
177 79% Dec 11 90 Mar25
130% Jan 13 13978 Jan 2 127% Oct 152% Aug
"985
5 % A ug22
4 Augl8
100 31% Aug 19 43 Dec 26
0170% Oct 13 334 Apr 9 183% Jan 289 34 Deo
2,250 16% Dec 12 23%Mar29 18% May 28 Mar
1,100 70 Dec 15 77% Jan 7
69 Jan 81% Sep
300 49 Dec 2 199 Apr 29 54 78 Jan 100% May
200 40 Decl
57%Marl9 24% Jan 49 Nov
82 DeclO 95 Oct 2 74 Jan 89 Oct
100
9 Oct 13 19 Apr24
Oct 22 Apr
8
220 40 Novl2 53%Mar20 37 Jan 46 May
300 10134 Decl7 109% Apr 4 92 Jan 103% Nov
3,900 15% Jan 18 32 Sep 26 15 Mar 25%J'ne
300 78% Jan 16 96 Oct 2
4 34 Dec 9378 J'.i«
1,500 148 Marl7 196 Apr 21 133 J'ly 175 Apr
2,900 88 Jan 28 134 Sep 3 73% Feb 109 J'ne
soo 37 Novl5 49% Mario 30% May 49% Nov
37,310 98% Jan 15 L09%Sep 5 95 34 Jan 120%J'n«
7,000 39 Jan 14 63 % Oct 3 30 Mai 52 Jan
1,000 82 34 Feb 4 96% Oct 25 72% Mai 89 Apr
600 215 Jan 13 250 Apr29 195% Jan 225 Oct
800 24 Apr 16 38% Sep 19
1,910 80 Apr 1 90% Oct 31
4,400 15% Jan 2 24 34 sep 8
K, Sep 24 J'ne
1,475 68 Jan 16 83% Sep 10 55% Jan 82 Apr
Feb 2s 2 5 a8 Apr 21 18 Dec 38% May
960 17%
720 63 J'ly 25 74%Har22 iio Dec 90 -May
700 29% Jan 3 83 Sep 4 19% Feb 41% Apr
89%Mayl9 95% Sep 9 65% Jan 86% Apr
8%Apr29
8%J ne
"Too 4 Jan 10
3 % Mar
49% Dec 12 7 4% Apr 2
49% Mar 76% J'ne
2,2
300 35 Jan 15 4 4% Feb Is 19 Jan 42 Apr
ll%NovlO 18%Apr
12 Apr 19% J ne
"ib'6 72 Jan 16 85 Apr 5
65 Apr 75 a4 Dec
3,159
1,220

N..v2.s

49%May26

88
26
73

1

Brooklyn Union (Jas...
iiiiisw, Dock & C.Imp't

128

Apr

J'na

1

39% Apr

23%

9

Novl3

93

76

Maj
41% Jan
29 Maj
18 Jan
67% Jan
16

81% Suji 10
41% Aug21

32%NovlS 38 Sep
18% Jan 21 33% Oct

7,100
8,400

pref

1

1

:;

400

10%Mayl2

340

42
97

pref

United States Express...
12% United States Leather....
Do pref
88 %
24% U S Realty <feC'onstruction
70
Do pref
10V United States Rubber
55
Do pref
35% United States Steel

130

84 % 85%
Do pref
Virginia- Carolina Chem..
60
61
*122 V 125%
Do pref
"
•220 240
Wells, Fargo & Co
est'n Union Tele'gph
87% 89
•195 200 West'gh'seEl&Mfgassen
D" lstpref
195 205

.

*2l0
88

Do

d Anaconda Copper

O

57

130

'

American Tel'gh <fc Cable
Amer. Teleph. & Teleg..
American Woolen

Do
130

liennni;

pret

56 a4 57% Oloss- Sheffield St. A- Iron
*89
91
Do pref
•5
5% Standard Rope & Twine.,
56% 58 fenu. Coal, Iron & RR...
39% 39% Texas Pacific Laud Trust
•12
13
Union Bag<& Paper
78
78
Do pref
TJ. S. Cast 1. Pipe <fe Foun

78

12%

Do

Sep

J'ly

53% Jan

87%Nov28 100%J'ne23
300 40% Jan 22 135 Oct 2

prel

American Sugar

14
79
90
22 7

I

39%

80

Refill';:

American Snuit

Do

97
130
120
92
164

101% 104%
60% 60%
92 V 92%
228% 230
34% 6
86% 864
19% 19%
76% 76%
21% 21%

§52

69

•190

40

Decl2
89% Dec 15
90 May22
37 Dec 15
122 Jan S

600

103
Do pref
263 203 National Lead
90 4 93 4
Do pref
•160 168 New York Air B rake
115 119 North American Co., new
39
39 >o Pacific Mail

88

23*8

87%

•12%
•76

66

*44
103

12

22%

193

13

SO

125

133
12
87% 88
12

*215

40

57

*11% 13% •11% 13 V
48
•48
55
55

13

•124

815
52

•56
•36

564a 57

56
40

Augl3

12
Alar 5
lire 12

28

1,220

114% 115 Continental Tobacco, pref
30
30% Corn Products
*80% 83
Do pref
Diamond Match

84

175 %176
18
18

39
80

56

56% Dec
88 Mar

75

Jan 15 49% Sep 2 28 Mav 39V
Jan 20 129 Aug25 65% Jan
156% Aug 5 l.v.iv Feb 18 147 Apr 160
133!250 93% Dec 12 1 1 3 % Aug26 76 May 133
0,390 86% Mar 6 95 Aug29 81% Jan
300 20 Dec 11 24% Oct 27

pref

Hock. Coal & Iron.
2 10% 2 12% Consolidated Gas (N. Y.).
19

115% 115%
29% 29%
§82

Do

39%

127'

97

126% 128%
119
•85

J'ly 30
J'ly 30

55%

Highest

35
1,310 107

& lYUscell
Express

24% 24%
Do pref
40% 41% Amer. Smelt'g&
90 78 91
Do pref

39% 40
390% 90%

40% 40%
92

94

*5

•2.;

40
93

45

27%

94

5

23

90

400

16
16 American Linseed
•40
45
Do pref
28
28% American Locomotive..
9434 95%
Do pref
5
5
American Malting

20

27

94

53(

2 2 34

39 3s

Lowest

21% Jan

Highest

malgamated Copper... 105,720 53 Nov 14
1,900
% Dec 16
% American Bicycle
%
•1
300
2 Dec 23
3
Do pref
3
1,550 28% April
34 4 34% American Car & Foundry
760 85% Jan 14
89
90
Do pref
2,200 30% Jan 10
44
44 American Cotton Oil
•95
200 86 Feb 3
97%
Do pref
•30
32% Jan 14
39 American Di.st.Telegraph
"152 210 Jan 13
•220 230 American Express
1,365 27 Dec 12
29% 29 V American Grass Twine ..
*9% 10 V Ainer Hide & Leather
300
8% Dec 12
200 34 Deo 11
35
De pref
36%
3,135
9% J'lyll
10% 10% American Ice

2%
34% 34%

9(1'..

Adams

225

58% 60 %

tor Previous
Year (IV01)

85%

24% Dec

1,600

Industrial

*200

225

2%

127% 126% 127%
120
92

52',

39
14 V
45

28
94

•lis
'87

4?

6'.,

10% 10%
-39
39%

•38

4,

2

10% 10%

40

98

53
33

10*8

27% 28

125% 129

1%

39

•93
94
•5
5V
•22 % 23 V
3'J "a
39
93
92

St. L. <fe W. v. tr. efts
Do pref. vot. tr. ctfs.
115% 115 V Twin City Rapid Transit.
Do pref
98% 100 Union Pacific
93
93
Do pref
20% 20% U nitllyslnv't of SauFran
&2^ 62%
Do pref
28% 29% Wabash
42
43%
Do pref
24% 24% Wheeling* Lake Erie...
52
54
Do 1st pref
33
33%
Do 2d pref
25% 26% Wisconsin Cent. v. tr. cfs.
51% 52%
Do pref. vot. tr. ctfs.

57% 59%

%
•89

2

4

10%

10% 10%
*38% 39%
14% 14%
*35

41%
•2

44"4
44
97%
97 V
'30
39
214 8220 225 *215
29% 29% 29
29%
-9%
•9% 10
10%
37
36 V 36% •34

98
39

§214
29 %
10

43

1]hirrt Avenue (N. Y.)...
Toledo Railways & Light

128

46% 46%

42

1

pref
Southern Pacific

26 34 27«4 Tol.

28".

34% 34%

44 V, 47V

•125

%

62

1,300
1,900
4,800
99,020
46, 900
1,167

Co
33% Southeruv.tr. cfs. stmped
4a
do
92% 92 V
Do pref.
•91%
M. & O. stock tr. otls...
111,950
39% 40 V Texas & Pacific.

20 V

27%

2

904

"95
'35

62%

•

'

4

90

44
44%
-95% 98

29% 29%
9%

%

59%

20

'j

24 %
53 V 53 V
-

•200

34%

34'j

90% 90%
*34
•215

51

62

29%

42
*

220

5734

57-'.

20%

-

2d pref

Do

62

Lowest

55 a4 Jan
77 Decl2
65% Dec 12

ton

Louis Southwestern.

St.

Range

J.dtuje /or Year I'm.'
basis ol lUU-sii.are lots

On

3,200

1st prei

Do
Do

82

60
03
32

62% 63%
31 34 32%

L% 32%

62%

243

60

60

158%
"98% 993, "97% "99%
92% 93
92% 93
_'

1

1387

Week,
Shares

Louis& San Fran

St.

69% 71
26% 27%

:

V 42 V

5038

61
64

20

21
63

»63
53V
*32% 33 V
25
25%

25

•69% 70%
26% 26%

92
92
924, 92%
•90 V 92 V •91%
39 - 40%
38% 39%
"124 128
124 128
•31
•31
4 9'.,
40%
27% 27% 27% 27 14
-4
4m
453,
45
45
115% 11534 1 14% 114%

9

•2334

50%

*%

9-'-.

62%

33

.»>

34 '3

99',

92 '4
-20

92
21

26%

60

92=8

46

:

71

26»4

:

124
•31

127

82

•80.-

62%

10

»124

82

80

71

01

the

EXCHANGE

71% 72%

71%

80
70

l>]

Dec. 2(i

71%

71

S

Sales

NEW YORK STOCK

Friday

Dec. 25

Dec. 24

.

7

STOCKS

Thursday

sday

70% 70%
26%

TO

>:

AXD LOWEST SALE PMJCES

Dec 23

-•-'

3

StOCk Record— Concluded— Page 2

Monday

Saturday

V

.

27, 1902.]

TOCES—J1 1GHEST

A'

.

.

10% Dec 15

4,455
1,604
11,800
3,430

310
888
90,5so
40,821

79 78 Jan 21

20

Novll

64%Novl4
Jan 2
-49% Dec 12
2934 Dec 12
79 Dec 12
14

54

3,5! 5

15 120

Oct 20
Sep 6
Ang28, §53 Jan 100 Apr
15% Sep 22
7% Ma\ 16% May
91% Sep 22 69 % May 83% Aug
32 Oct 30
75% Oct 30
19% Oct ll 12%Oct 34 Jan
64 Mar24 47 Oct 85 J an
46% Jan 7| 24 May 55 Apr
97% Jan 7 69 Maj LX)1% Apr

17
Mayl 9 59
Jan 2 160

Decl2 76% Apr 28 51
Dec 12 134'e.Sep 9, 116

J'ly

72

Alar

Api 125
185 Jan 2 8255 Aug28, §130 Jan 199'.,
21805 8434 J'ly JO 97 % Aug20 SI Jan 100%
200 109%Jaul5 233 Sep 111 145 Nov 180
200 180 Jan 8 234 Apr 9 157 N01 187
1

Aug
Dec
May
Dec
Deo

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks

Bid

Washingt'nl 200
Wash.H*hts1 200
West Side',,.. 570
Wc-stprn
590
YorkvilleV .. 375

Ask

600

BROOKLYN
225
100
Broadway' .. 300
Brooklyn! .. 130
8th Ward' ..
75
5th Avenue' 120
Fir<t
375
1

Bid

Ask

Manufactrs'. 325 350
Mechanics^] 22<)%
M erchants'.. 110
350
Nat City
290

200
26th WardTI. 135
400

Unionl,
Wallaboutli

Trust Cos.

Bid

CITY
Atlantic Tr.. 300

Ask

N. Y.

North SideH. 210
People's!
206
17th WardH. 130

Bedfordtl

*

Banks
BROOKLYN

.

140
105

Bid and asked prices; no sales on this day.
Sale at Stock Exchange or at auction this

370
242

Trust Co's

Bid

Guaranty Tr 700
Guardian Tr 1 90
Knick 'rb'k'r 810
Central Tr'st 1925 1960 Lincoln Tr... 380
100
McV'ck'rRty 265
City Trust... 390
220
Manhattan .. 500
370 377
Colonial
Mercantile .. 1100
Continental 680
Merchants'.. 315
Eastern Tr.. 180 190
195
Mel ropolitan 735
Empire, state 185
MortonTrust 1050
ib'6
Equitable Tr 475
Mut.Alhance 2 70
Exchange Tr
Less than 100 shares, t Ex rights, d Beginning
week.
Es stock dividend, s Trust Co. oertitic ites.
<i

Bowl'gGreen 235
Broad wayTr. 153
C'lR'tyB&Tr 690

157

Ask

Ask

Bid

Trust Co's

N Y Life&Tr
N YSec&Tr

Farm Lo&Tr 1450
Fifth Ave Tr 1642%

1175
1350
190
North Amer. 290 300
Est Tr't 425
Real
StandardTr't 390
Tr Co of Am. 290 29

740
200
390
275

1

i

160
TrCoof Rpbc
Union Trust 1410
U SMtg<S i 475 500
1

1100
300

1700 1730
VanN'denTr i20S
Washington. 425
225 250
Windsor

Unit S

330

1

Trust Co's

Bid

BROOKLYN"
Brooklyn Tr
Flatbush
Franklin
Hamilton
Kings Co
1, Isl LA-Tr.

344
325

Manui

Ask

400

-\

180

175

430%
320%

assau

People's
350
Williamsb'g. 235

245
......

March 31 quoted per cent instead ot dollars per share.
are State banks
ii.iuks marked with a paragraph ("
',

;

;

11
1

J

.

New York

Exchange— Bond

Stock

Weekly and Yearly

Record, Friday,

OCCUPYING FOUR I'AGES

BONDS
N.

Week's

1074 1084

4 108

107

"-2

1064

107 34

108
107

Dec '02
Dec '02

105 34 110
107 107
106 38l094
107 34ll24
108 34 113
132 1394

J'ne'02

4Dec'02

107 3

109 1094 108 4 Dec '02
110 1104 111 Oct '02
135 4 1364 135 4 Dec '02

-

.

1043s Sep '02

107

1044

to

&.

1043s 107

1094 Oct '00
1024Mar'02

10241024

Mar'02
Oct '01
1064 Oct '02

111

11 1

126

4 Feb '99

104 Nov'02
1364J'ly'01
120 Mar'00
95 34Dec'02
944 Oct '02
98 4 Oct '02
11

12

95 4 96"8
95
94
954 99 34
25

1638

I'

Cen t of N J

/il995 Q-J
4s.. .1995 A-O

1995

Registered

Adjustment g 4s

A.1995
711995
/tl995

Registered

Stamped

A-O
Nov
Nov

97

97

97

Sale

102

1014

1024

90 4 91

M-N

Chic & St Louis 1st 0s.. 1915 M-8
Atl Knox A Nor 1st g 5s.. 1940 J-D
Atlanta A Danv See South By
Atlanta A Yadk See South By
<S'eeSou Pacific
Austin A N
Bat Creek A S See Mich Cent J-J
alt A Ohiopriorlg34s.l925

101 Nov'02
go 3*
91

944 Apr'02
90=8

91

1144 Oct

95
111 100

100
lo-v-j

100 105 4
97
89
93 4 94 34
22 884 95 34

11441144

'02

W

Gold 4s
/tl948
Registered
/tl948
Conv deb 4s
1911
P Jun A M Div 1st g 3 '•281926
Registered
pl925
WVaSysref 4sl94L
Southw Div 1st g34s... 1925
Registered
ft 1925
Mouoji Biv 1st gu g 58. .1919
Cen Ohio B 1st cg44s.. 1930
Beech Creek See N Y C A H
Belle v & Car see Illinois Cent

PLEA

944

A-O

ib'24SaiV

1014

97

Q-J

104

M-S
M-N

i'u4 34

M-IM

•944

J-J

n
MS

'.'.'.".'.

95
Apr'02

93

102 \
Sep'Oi:

99 7e
102
104
89

964 97

Oct "02
89 4 Nov'02

111

95

89 3,, sale

95

89

894

101

44

904 J'ly '0.'
Sep

94

105

104
118
93 4
lt)l

884 91 78
904 904
1144 1144

114 4J'ne'0.

108

974

'02

108

108

1

N Y A Erie
B A P geu g

See Erie
5s. ..1937 M-S

AB A West 1st g 4a gu..l99S A-O
CI A Mah 1st gu g 5s.. ..1943 J-J
Roch A Pitts 1st g 63.. .192] FA
Consol 1st g 0s
1922 J-D

Buffalo A Southwest See Erie
Burt & Susq 1st ref g 4s.rfl951 J-J
1st

A

116

1194

1st 5s. 1900 J-H
col trust g 5s.. 1934 A-O

Registered

193

l

128
125 34

1304
12S4
103

102

Dec '02
Dec '02
Feb '02
Jan '02

1024 106 '4

Registered

107
108

Sale

& Shawn See 111 Cent
CaroliuaCont SeeSeabA Kuan
Carthage A Ad See N Y C A H

121 34

1264

124=8 124 34

118

106 4 107
108
108
106 Nov'02

118

10438 107
111

107
100

Ohio
Bof Gacol g 5s 1937
Con
Cent of Ga BB 1st g 5s..pl9 15
Registered
pl945
Consol gold 5s
1945
Registered
1945
1st pref income g 5s
pl945
2d pret income g 5s
pl945
3d pref income g 5s
pl945
Chatt Div purmon g 4s. 195
Mac A Nor Div 1st g 5s. 1946
MidGadi Atl Div 58...
Mobile Div 1st g 5s
1940
Cent of N J geu'l gold 5s. 1987
Registered
ft.1987

BRA

I

Am Dock A
Le A Hud

Imp gu

5s.. L921

R gen gu g 5s

1920

Exten lst7s

93

M

Mil& No

1st
1st consol 6a

107 34

M-N
M-N

106

1224 12241'

FA
I

J-D
J-J
J-J
J-J

J-J

Sale

106

11

135
132

jj

'.".j

1044113 4

106'

1054 Sep '01
7i; 76 4 Sale
764
35 34
36 Sale
25
264 25 Dec '02
'884...
92 Aug'02
1084 Sep '02
102 J'ne'99
Apr '02

4135 34 1354Dec-'02
133 Deo '02
'b Sale
1144 Dec '02

)

894
324 444
184 31
91 34

'.'.i

3*

10841084
106
132

1124

l::l

1394

141

112«8ll5

1

1

Conn By A L 1 st A ref g 4 48

5
1st g 5s.
con g 6s. 9
1st gugGs..l91

Den Con Tr Co
Den Tram Co

J-J
J-J

.

111
102

1034D<<"0'J
110 Jan '99
114 May'02
103 Sep'O

1014102 4 1014
87

....

87

1024
89

102

1104

112 4111
100 lor.'-.
26 100 105
76 86

J-J

J-D
J-J

'

110

M-N

FA
FA

A-O

*9838.

1114
1074 Sale

106

9 9 Hi

994 Oct
95

'02

98

994

J'ne'00

108

1164

'02
'02

10241044
82 4 88
86
8
83=6 83 34
34lOG4
102
'<

;,

114 8 Aug'02
1 03
Oct '02
107 4 1074

10041034
974103 4

1144H64

136
120 34 Sale

1304

Mar'02

1064110

117

1094H4

136
136
120 34
120 34
120 Dec '02
121 4 Dec '02

136
120
120

126 132 4
113 117 4
1133bll5

Nov'02

117

1394
1264
1^44
1214125

4 Nov'02

May'02
1944 Oct '02

1824196

113 4Dec'02
113 Dec '02
111 Dec '02
104 34 Jan '02

113
113

118
120
110

....

1104U7

12041204

11538

l]3'8

....

1184124 4
1144 118
110412l 34
1124 H5 34

Dec '02
1184Dec'02
1124 Oct '02
1374J'1V99

133=8....
121=8 1234 122 Oct '02
106=8....
1073pAng'02
191 4 Oct '02

119

120=8 124

107 V
182 4
:

Sep '02
Oct '02

lo.s=8

116
109

11536 116

llo^

Di o'02

115
118

115

Dec '02

ii<;

114 1174
113 34 115

Mar'02

1204 123 4
134

141

Nov'02
Oct '02

1014 104 34
1014 104

1063s Oct '02

107 107 4
1063b 1064

103
102

10W Dec '02

1024 1064

1044 Dec '02
103 Ni.v'98
115 4 J'ly '02
111 Oct '00

'113

106 <4
106
105

.

,

,

105 4

118

115

Dec '02
107\May'01
108 Deo '02
107

:

i"064i"l6"*

10541094
10541054
1184

1054

1184 Nov'02

114

114 Oct '01
117 4 Nov'02
123 May'01

93;

1174124
106
108
107
116 4

1907

191
6s. ..1917
1

1917
1988

C 4s ... 906
1

99=4

993gj'ne'02

RIA

87

Sale

984...,

924

lst24s

....
....

110 4

108

L&
LA

4 Sai«

87

84=4

979

11

1094H04

04 Apr'02

•1374

1st 6s...
SCily 1st g6s... 1919 A
St
Chicago Ter Trans g 4s. . 19471

134 4 142

L364 1354
1354Nov'0;

136 3<

Si p '02

i :•.:.

I

PA

1364 1414
1874 140
1254 130»a

137 4
125=8 1>"'"'-

86

86

86

82 4 87

974 99 4
914 93

97 4 Dec '02
93 Nov'02
97 Die '00

M

Nor Wisconsin

1094

994 994
99 4
994 994

994 J'ne'02
994 J'ly '02

1910
1915
1916
Pac RR 4s. .2002
Chic
2002
Registered
DesM & Ft D 1st 4s.... 1905

PA

106
107

1194
H64J'ne'02
1314
131 4 Nov'02
1314 137 34
34 125
122
124 Deo '02
1234 1284
1364
112 4 Feb '02
1424 1424
139 4 139 34
1364
139 34 Jan '02
107 4 Feb '01
7 1144 Sep '02
1144116 e
110 4 1144
128 132
129 Dec '02
1284....
12/38 131
1284Nov'0£
1084 1084 1084 50 1054 113 4
109 112
111 4 Apr '02
lOO^J'lv'o'j
1004 1004

1

1905
Extension 4s
KeokJfc DesM 1st 5s.. ..1923
Chicfc si l, See Atch T<8 Sa BV
N O See III (Vnt
Chic St
Pitts AeePennCo
('hie St
oon 6s... L930
Chic St P M A
.Minn lstg6s 1918
Ch st

Nov'02
Oct '02
Oct '02

106
108
107

6fi

1

90 3«

12

on Next Page.

Street Railway
Met St Ry—(Con)Het g 4s2002
ColAOthAvlstgu g 5a
IstgugSs L993
l.ix ,w
P
Third Ave It It eon gu4s2000
Third Ave By 1st e5s..
1

into) lsi g 1-

.'

117

115

1st 7s.. 190'
1st

119

1164 1214

1204 An g'02
1344 Dn '02

1334.

1104
1914

1084 109 4

118=8 Nov'02

117

115

112

111 111
104 34 1044

120 4 Mar'02
1214 Oct '02

....

M

1.1

122

116

115

Ext <fe Imp sfund gos 1929
Ashland Div 1st g 6s. .1925
1924
Mich Div lstg 6s

WS

1114

99 34 100

1064 Dec '02

132

1174

115

1933

&
&

.Met

106

103
21 107

1094 Dec '02

Illinois 1st 5s
1910
Ottc B"<6 st Paul 1st 5s L909
st Pet 2d 7s.. L901
Winona
West 1st g 6s 92
Mil L S

,'

100

98

10641064

79
80
83 34 Apr '02
1043b 104 8
10434 Apr'00
101 Nov'02
97 7e
98%

117

North

H4s
4s
N4s

Oct

100

1184120

1

1034

>s

1094Aug'01
98

L909

Registered
sinking in ml deb 5s
Registered

1104

102

1084116
102 4 105 4

r<

102=8

.

A-O 1034

4

l'-l
L921

72
50

.

6s.. ..1910

Registered
General gold 4s
Registered

1064109 3
1194 128

1074 Dec '02

1014

1910
1910
1909
1921

Convertible deb 5s

95

1043s

1913
Chic& Northwcons7s
1915
Gold 7s
1902
1902
Registered
Extension 4s
1886-1926
Registered
1886-1926
General gold 34s
1987
Registered
»1987
Sinking fund 6s... 1879-1929
1879-1929
Registered
Sinking fund 5s. ..1879-1929
Registered
1879-1929
Debenture os
1909

MISCELLANEOUS BONOS—Continued
Street Railway •
Brooklyn Rap Tr g 5s
1945
Atl AT Bklyn imp g 5s.. 1934
BkCity 1st con 53.1910. I'll
Bk Q Co & S con gu g 5s. 9 1
Bklyn Un El lstg I-5s.l9:,o
Kings Co El 1st g 4s.. ..1919
Nassau Elec gu g 4s
1951
City A S By Ball st g 5s. 1922

L

03

112 117
11G 34 123 4

102=8 J'ly '02
82=8
83

104 3

1st 5s. ...1919

Coll trust Series

M-N
F-A

Of
Oct
Oct

93

J'ne'02

100
82s8 Salo
80 Sale

1908

Southwe8tDivlst6s
Wis* Minn Div g5s

109=8 115

Nov'02

99

1916
1924
1910
191o

1st 7s

D

1

1921

Mineral PointDiv5s
So Minn Div lst6s

4

CedRIaFAN SeeBCBAN
A

DDiv

Incomes
Chic BOGk tsldfc Pac

Cen Branch U P Istg4s...l94s J-D
Cen Branch By See Mo Pac
See Balti

<fc

&D

106

Carb

Central Ohio

Far

W

1st g5s
Gt Sog5s
Son assu g 6s

Milw& Madison

J-D

1913 M-S
1918 M-S

'2d 5s

Chic& P

Dak&

DesMo&Minn

J'ne'02

102 4
123
1 24 =8
118

102

A-O

1908 J-J

Ctanada South 1st 5s

106
105

102
100

Apr '01

1064 Ocl

.

Registered

10S

CR IFANWl3tgu5s.l921 A O

M A St Dlstgug78....].'J,

.

Debenture 5a

dl95i J-J

Registered

Bur Cedar B A No
Con

116 1164 16188 Dec '02
103 34 ...
103 Apr'9
125 128 130 May'02
127 125 34 Oct '02

102 4.

Louisv N A<fcChlst0s.l91O
Chic Mil <fe St Paul con 7s 1905
Terminal gold 5s
1914
General g 4s series A..el989
Registered
el989
General g 3 4s series B.el989
Registered
el989
Chic& LSuDivgSs
1921
Mo Riv Div 5s. 1 926
Chic &
Chic& Pac Div 6s
19U>

LaCroaseife

Bklyn A Moutauk See Dong
Bruns A West See Sav Fl <k W
Buffalo
Buffalo

3

109=8 Nov'Ol
Dec'O'z
117
Dec '02
J'ne'oi
121
1 03 '4
104

103
112

1927
Registered
1921
Southwestern Div 4s
Joint bonds See Great North
1913
Debenture 5s
Han & St Jos consol 6s.. 1911
Chicfe E 111 lata f cur Os.1907
1st consol g 6s
1934
1937
General consol 1st 5s
Begistered
1937
Chic & Ind C By 1st 5s. 1930
Chicago & Erie See Erie
Chic In & Louisv ref 6s. ..1947
1947
Refunding gold 5s

I

/il925 q-j

Registered

1004

113

4 1184

103 34 Sale

R&

Hastcfe
1st 5s

94 34 Sale

1114 114
117

Sinkingfund4s
1919
Nebraska Extension 48.1927

94 34 954
ne do Liar.
96 100

98 34 Aug'02
as is of $5
ices o n the

109

Registered
General gold 4 4s

104

to

Railroad
Alabama Cent See So By
laba Midi See Sav Fla A \Y
Albany & Susq See Del A Hud
Allegheny Valley See Penn Bli

Ann Arbor 1st g 4s
Atch T A S Fe gen g

Low High

-High

Dcc'02

100

bale

1104 1134

al911
1939
1939
1992
1992

g 5s

106

95 4 Feb '02

marks

1st consol

111

:1

four

Gold 6s

Registered
Craig Valley lstg 5s. ...1940
A Div 1st con g4s.. 1989
1989
2d consol g4s
Warm Spr Val 1st g 5s. .1941
Greenbrier Ry lstgug 4s '40
Chic & Alt RR 8 fund 6s. .1903
Refunding g 3s
1949
Railway 1st lien 3 4s... 1950
Registered
1950
Chic Bur & Q consol 7s. ..1903
1905
Chic & Iowa Div 5s
1922
Denver Div 4s
1949
lUinois Div 34s
1949
Registered
Iowa Div sink fund 5s. .1919

1354 1364 1364 Nov'02 sl8 1364139 34
3
103 34 1064
4 104 4 103 4Dec'02
103 34 1044 1034 Nov'02
103 7e 1064

103

-

KA

ibo

See So Pacific Co
1936
Sav 1st g 7s
105'8 109 4 Ches«fc Ohio g 6s ser A../il9i>*

Foreign Government

.See

Since

102

&

Charles

934—.
Franklort-on-Main 34s ser 1 M-S
These are price s on the basis ot
99=8
V S of Mexico 8 f g 5a of 1899 Q-J
1 hese are pi
State Securities
1900 J-J
Alabama class A 4 to 5
1900 J-J
Class B5s
190G J-J
Class C 4s
Currency funding 4s. ...1920 J-J
1924 FA 123 4.
Dist of Columbia 3 65s
Louisiana new consol 4s. .1914 J-J
Small
1894-1995 J-J
Missouri funding
North Carolina consol 4s. 1910 J-J
1919 A-O
6s
1933 J-J
So Carolina 44s 20-40
Tenn new settlement 3s.. 19 13 J-J
96 3
J-J
Small
Virginia fund debt 2-38... 1991 J-J
J-J
Registered
12 Sale
6s deferred Brown Bros ctfs.

See Bull

Ask Low

Range
January 1

Last sale

Cent Pacific

.

Am Dock A Ini

"t

Week's

Range or

Bid

I

U

AUeg A West

Price

Friday
Dec 26

Range or

Since
N. Y. STOCK EXCHANGE
»
Last Sale 3
January 1
Week Ending Dec 26
High An Low High Central of N 3—(Continued
Bid
Ask Low
Lehcfe WilksB Coal 5s.. 1912
107 a4 1084 108 34 Aug'02
108 34 10978
Con ext guar 44s
yl910
109 10S 34 Nov'02
107 34 109^8
1084
N Y & Long Br gen g 4s 1941

U. S. Govenunent
XJ S 2s consol registered. dl930
XJ S 2s consol coupon
dl930
S 2s consul reg small. .(J1930
XJ S 2s consblooupsuiall-cJ1930
US3s registered
fcl918
fcl918
S 3s coupon
S 3s reg small bonds. W918
XJ S 3s cou small bonds.. fcl9LS
/il90
S 4s registered
XI S 4s coupon
/il907
XI S 4s registered
1925
1925
XJ S 4s coupon
1904
XJ S 5s registered
191)4
XJ S 5s coupon

V
V
V

BONDS

Range

Price

Friday
Dec 26

STOCK EXCHANGE
Week Ending Dec 26
Y.

A-O
M-S
M-S
J-J
J-J

FA
FA

Mil El Ry A L 30-yr g 58.1926
Minn St Ry 1st con g 5s.. 1919 J-J
J-J
St Paul city !al) eon l
J-J
Guaranteed gold OS
si g 5s.
A-O
Union El (Chic)
\\ cine si 40-3
Lsi cur5s.l928 M-N
M-N
40-j"ear consol gold 5s.
1

964 96 4
121

120

120=8
99-'i

T214

1

1

54

1214

"-'

4

1204

1014

97

1204 127

1

.\

'4

;

124

"'-

Sale
101

103

101

106

109

964

964

N

Oct '99

110

.1

iV6""ii'6""

1144 Nov'01

1094 1'"
J-J
Met Ry Co
J-.l
"99" i
Del Cit st Ry Istcon g 58.1905 J-J
103 Nov'01
Gr Rapids Ry 1st g5s...
J-D
<;n* and Electric Light
Louis Ry Co 1st con g6s.. L930 J-J
109 Mar'98
Market St C Ry 1st g 6s. .1913 J-J
\
laiila 1. 1. Co lsi g 5s. .. 1947 J-D
lot ".'Met St Ry geu col tr g 5s. 99 FA 117 119 117 4 117'v
116 4 122
Boa D Gas tr ctts gig is. L939 J-.l
1204
M-N 115 4
BwayA7tliAvlstcg5.s 1943 J-D 117
Qaa 1st eon s
117 DeC02
116=8 11 4 Bklyn
Due Nov ./Due Dea (Option sale
"No once Friday; latest price this week, a Due Jan d Due Apr « Duo May jDuej'ne h Dae J'ly It Due Aug
.

1

1

:'

1

1

1

1

.

I

I

1

'»

I

,

1

December

Bond Eecord— Continued— Page

87, 1902.]

BONDS

Chic A West Iinl geng6sgl932
Chic.t West Mich Ry 5s. .1021
Choc uk a.- d i.-1-n g Js ...ol819
Cm H A D cousol s 7s... 1905
2d gold 44s
L987
Cin D ifc I 1st gu g as... 19-11
t

C 1 st I. £
Cin S it C
Clearfield

C C & st L
G C C st L

Last Sale

.-><<

& M all

L Div

n

115

1114De<

J-J

113

'01

113411 5 4

See

102

Sale

103
102
83

S<v So

103
101

'0

Dec'O!

103
102

Nov'99

1334

138

99 4106

13441344

May'02

138

138

1044Nov'01
;

984 994 98 4 Dec '02
804 Sale 764
804
Dec'02

98
72
114

128

J'ne'02

1274128

804 81

81

914

144

81

92

914

794
90

102

824
1164

86 34
97

Ry

JiiW
Dak&GtSo SeeCM&stP
alias
Waco See M K T
ifc

ifc

& Western 7s... 190

M-S

Morrisifc Essex 1st 7s... 1914
lstconsol guar 7s
1915

Registered
1st

N Y

ret'

1923
Term <fc improve 4s
1923
Syr Bing&N Y 1st 7s. .1906
Warren 1st ret gu g 3 His. 2000
Del & Hud 1st Pa Div 7s. 1917
Registered
1917
Alb ifc Sus 1st con gu 7s. 1906
Registered
1906
Guar gold 6s
1906
Registered
1906
Rens <fc Saratoga 1st 78.1921
Registered
1921
Del Riv RR Bridge See Pa RR
Denv & R Gr 1st con g 48.1936
Consol gold 4 4s
1936
Improvement gold 5s... 1928
Rio Gr So gu See Rio Gr So
Den ifc S West gen s g 5s 1929
1'

J-J

FA

137
140

132

>*

1323s

,

Sep '02
Oct '98
132 3*

1154Aug'02
Dec'02
Nov'02
1034 Oct '02
1 40 4 Dec'O
149 Aug'01
113 Aug'02
122 J'ne'99
106 Oct '02
1113g Feb'02
103
112

FA

109

105

.

V

14334 Nov'O'

1474J'ne'02

J-J
J-J

101 4 Sale

J-D

1064.

1014 78

101
105
105

Kov'02
Dec'02

824 89

Atig'02

J-D

J-D
1995 J-D
1951 J-D

Det Sou 1st g 4s
Ohio Sou Div 1st g 4s.. .1941
t>ul& Iron Range 1st 58.. 1937
Registered
1937
2d 6s
1916
Dol So Shore & Atl g 5s.. 1937

Minn See St P M & M
Ten Va & Ga See So Ry

M-S
A-O
A-O
J-J
J-J

t^ast of
liast

Clgin Jol

&

East

1st

g

5s. 1941

ElmCort&No SeeLehifcN Y

M-N

114 34 I20 4

1324138
137

141

1323sl37

11541184

102
112

1054
1173s

10341034
1404144
113

115 34

934Aug'02
86

.

934 92

W

Oct

'02

C0I& H V

114

Nov'O:

Dec'02

W

M

1184 Apr '0-J
109

Oct '98

1146s Aug'O'J

114
103
105
110

Dec'02

Apr 'OH
Dec'02
Oct '02

1104Dec'02

Carb

ifc

Shaw

GasgSs

1923 J-J
5s. ..1918

EdEUUBkn SeeKCoELifcP
See N Y G
ELH&P
EqG LN Y 1st con g 5s.. 1932

Ed E 1U

*

9941044
105
105

latest bid

964

Sale

844

. .
. .

2d gold 5s
3d gold 4s

Iowa Central 1st gold
Refunding g4s
1134
91

112

'54

1094112

964 304

94

4

97

4

RR

5s..

1909
1921
1938
1951

IO334 106

134

1374

U3 34 121

11041154
1264

J'ne'02

112

112

115

May'02

114

116

1084U2

MS
Kal A & G R
an
Mich
C
K C Ft S & M
F
K C & M R B 1st gu g 5s. 1929
Kan C Pacific See M K T

105

4106

1134 Oct

1134116

'02

.

M-S
M-S
A-O
A-O
M-N
M-N
J-D

103 S

11 12

104" L05«5

'-Apr '98

104%Aug'02
Oct

102

10458 106 3*

'01

98 4 Nov'02

97

9841014
874 874

1024

98 4101

984 Oct 'OS
101 4 Oct '99
100 Nov'00
110 Oct '02

1104.

lio" ili^

May'01

124
90
127

Nov'9.8

Dec'02

127

131

1264 Nov'02
104 5s Apr '02

1264 1264

100 34Nov'0:

100 34 106 34

.109
.109
102
.123
98

J-J

104°8 104 B8

Mar'02

101

J-J
J-J

M-N
M-S
M-S
J-D
M-S

102 4106
10438 104«8

123 May'99
87 4Maj-*02

J-J
J-J

104 5s May'O'.

.1024 1024

101

1074107 4
100

71

98
Oct '02

1154

,

90

93

98
91

69

97
71
115
91

91

68 34

102 34

1194127

.

1154 Sale 115

1044

105 s8 110

Dec'O
1074 Dec'02
10234 Mar'02
1194 H9 l
110

103
80

1194
97

A-O

ifc

Knoxville

&

Erie &
2d gold 5s

W

M931

General gold 4s
Ferry gold 44s
Gold 4s

193s
1922
1932
Unified gold 4s
1949
Debenture gold 5s
1934
Bklynifc Mont Istg6s..l911

Unified gold 4s
1940
Registered
1940
CoU trust gold 5s
1931
CoU trust 5-20 g 4s. 1903-1918
Cecilian Branch 7s
1907
ifc Nash 1st g 6S....1919
L Cin ifc Lex gold44s...l931
1st gold 6s. ...1930
O ifc
2d gold 6s
1930

EH

NO&M
N

M

(Jus

4 Dec'02

113 4Mar'0O
104 Dec'02

68 34 Sale

634 Oct

J-J

1194

J-J

116

118

A-O 1124

A-O
A-O
96 4.

1194123
115 1184
112 4115 34

1104Feb'02

109

1084112

10941094
11741204

1104

10841084

964 Dec'02

964 97

101

Q-J
Q-J

J-J
J-J

74

108 4 Sep '02

J-J
J-J

J-D
M-S
J-D

1194
1174
1124

1194
1174
1124

68 34

109 4 J'ne'02
117 4 Dec'02
109 4 Oct '99

.107

J-J
J-J

M-S
M-S
A-O
A-O

51

'00

1084 Dec'02

M-N
M-N

.120

1004.

M-S
100
J-D
M-S
1st 5s
114*8 118
1911 M-S 106
N i'B & MB 1st cong 5s 193.i A-O
114 118
N Yr ifc R B 1st g 5s
102 103
1927 M-S
Nor ShB 1st con g gu5s ol932 Q-J
105 1104
110 1164 Louisv ifc Nashv gen g 68.1930 J-D 1154
Gold 5s
1937 M-N Ill

11841184

105

See Erie
See L S &
See Tol ifc O
See St L <fc S

ifc

12534

'4

114

J-J
J-J
J-J

1024 Kan City Sou 1st gold 3s. .1950 A-O
Registered
924 954
1950 A-O
84 4 8734 Kentucky Cent See L & N
Keok ifc Des Mo See C R I & P
91
954

1184

105

1074112

109

109

A-O

101

112 s8 115

109

F-A
1923 J-D
1932 M-S
1951 J-D
1951 J-D
1951 J-D
1951 J-D

W

112

121

101

M-N 111
A-O
99
M-S
J-D
M-N *107
J-J
J-J

4 Sep

'99

1174122

1184 Nov'02
103
103
100

10134 1044
103 104

Nov'02
May'02
Oct '00

10O4Dec'O2
111

Jan

111
112

1094J'ne'01
112 Mar'02
112 4 Jan '02

118

11241124
11241144

1124Apr'02
1154 1154
111

103
111

99

'02

1154122

Nov'02

111

101 \ 1014 101 34
100 Jan '02
111
111
100
994 Dec '02
106 Dec'00
12
3
113 4 Dec'02
1094 Oct '02
130 4 Feb '02
124 58 Apr '02

117

lOOSg 103 34

100 100
11034 116
98 1014

1134116
10941094
12841304
122

124 5g

111

116 34

94

984

on Next Page.

and Electric Light

NYGELHifcPg

99

Sale

F-A

99
104

99
May'02

117

Dec'02

ifc

No price Friday;

1064

111

2

Mnt Fuel Gas Co See Peop Gas
Newark Cons Gas cong 5s 1948 J-D

M-S
.117
Fuel See P G <fc c Co
ElecBergCoc g5s.l949 J-D
Gr Rap G L Co 1st g 5s. ..1915 F-A
K C Mo Gas Co 1st g 5a... 1922 A-O
Kings Co El L ifc P g 5s. ..1937 A-O
Purchase money 6a
1997 A-O
123
EdElIlBknlstcong4sl939 J-J
95
96
LacGasLofStLlstg53.el919 Q-F 1074
MUwaukee Gas L 1st 4s. .1927 M-N 93

Eq G

J-J

Memph Div 1st g 4s... 1951 J-D
Registered
1951 J-D
St L Sou 1st gu g 4s.. ..1931 M-S
Ind Bl West See C C C & St L

1«9

Nov'02
Aug"02

ifc

Gasifc

1st 6s
1st g 4s.
O g 5s.

Chio St L <fc N
Registered
Gold 34s
Registered

MISCELLANEOUS BONDS—Continued

Det Gas Co con 1st g

-

Ind Dec &
1st g 5s
1935
lllSslll^
1st guar gold 5s
1935
14334 151 4 Ind 111 & la 1st g 4s
1950
14741474 Intifc Great Nor 1st g 6s.. 1919
106

121
110
112

t»as and Electric Light
ChGL&CCo SeePGifcCCo
Columbus Gas 1st g 5s
1932 J-J
Conn Ry ifc L See Street Ry
Con Gas Co See P G & C Co

102

Nov'02
Sep '0

1

J

1st consol gold 4s

Dec'02
Aug'O
134
11334 Dec'02
120
106
134

Dec '02

1

1

l

Registered
1951
1st gold 34s
1951
Registered
1951
1st gold 3s sterling
1951
Registered
1951
195'.
CoU Trust gold 4s
Registered
1952
L N O <fc Tex gold 4s. ...1953
Registered
1953
1950
Cairo Bridge gold 4s
Louisville Div gold 3 4s. 1953
Registered
1953
Middle Divreg5s
1921
St Louis Div gold 3s
1951
Registered
1951
Gold 34s
1951
Registered
1951
Spring" Div 1st g 34s. ..1951
Western Lines 1st g 4s.. 1951
Registered
1951

Iake
J

.

Detroit City

lstext g 4s.. I'M

W

Tex See So ac
Houst E &
Houst ifc Tex Cen See So Pac Co

Ohio See So Ry
1st g 5s.. 1937
1941
North Ohio 1st gu g 5s.. 1945
115 Sep '02
111 115
1164
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
112
Registered 5s
112 Dec'02
112 115
1997
Leh Val N Y 1st gu g 4 4s. 1940
Registered
1134....
1164 1164
1134 118
1940
Leh V Ter Ry 1st gu g 58.1941
119 14J'ne'02
118*8 122
1163s....
11138...
Registered
1 16 4 Apr '0;
115 116-s
1941
1164...
117 Dec'02
117 12134 Leh V Coal Co 1st gu g 58.1933
Registered
1044.... 1094 Jan '02
108*8 1094
193
13741391-4 13734 Dec'02
Leh & N Y 1st guar g4s.. 194
137 142
'02
Registered
136 Sep
136 139
1945
99
ElCifc N 1st g 1st pf 68.1914
994
994 98 34
97 4 102
984J'ly'02
Gold guar 5s
984 984
1914
"86" Sale
Leh ifc Hud R See Cent of N J
85
86
83
90
Leh ifc Wilkesb See Cent of N J
91»4 92 4 92
Leroy & Caney Val See Mo P
38 91
92
96
127 ....
Long Dock See Erie
127 4 127 14
1274133
Long Island 1st con g5s./il931

114

03

111

1999 J-J

ifc

91

92 4

86 4

N Y N H& H

Registered

<fc

Feb '01

102 4 Oct '02

1947 M-N
2d ext gold 5s
1919 M-S
4 -as
3d ext gold
1923 M-S
4th ext gold 5s
1920 A-O
5th ext gold 4s
1928 J-D
1st consol gold 7s
1920 M-S
1st consol g fund 7s
1920 M-S
Erie 1st con g 4s prior. .1996 J-J
Registered
1996 J-J
1st consol gen lien g 4s. .1996 J-J
Registered
1996 J-J
Penn coll tr g 4s
1951 F-A
BuffN Yifc Erie lst7s.. 1916 J-D
Bull ifc S
gold 6s
1908 J-J
Small
1908 J-J
Chic & Erie 1st gold 5s. 1982 M-N 1194
Jet! RR 1st gu g 5s....al909 A-O
Long Dock consol g 6s. .1935 A-O i333i i.34"
Coal& RR 1st cur gu 6s. 1922 M-N
Dock & Imp 1st cur 6s. .1913 J-J
N Y & Green L gu g 5s. 1946 M-N
MidRRofN J Istg6s.l910 A-O
1144
N Y Sus & 1st ref 5s. 1937 J-J 1134....
2d gold 4 Has
1937 F-A 100 ....
General gold 5s
1940 F-A 1044....
Terminal 1st gold 5s... 1943 M-N 1134...
Regis $5,000 each... 1943 M-N
Wilkifc Ea 1st gug5s. 1942 J-D
111
Erie & Pitts See Penn Co
Evans ifc T H 1st cons 6s. 1921 J-J 120
1st general, gold 5s
1942 A-O
Mt Vernon 1st gold 6s. .1923 A-O
Sail Co Branch 1st g 5s. 1930 A-O
Evifc Ind 1st con gug 6s.. 1926 J-J
l^argo ifc So See Ch
ifc St P
-T lint ifc Pere
See Pere Marl
trie 1st ext gold 4s

M

4 86 4 Dec'02

Gulf&SIlstrefifctg5s f>195'J J-J
Han ifc St Jo See C B ifc Q

ifc

111

W

t

Jefferson

1st lien g 4s. 1995

Gold 4s

See so Pac Ci
See N Y Ceut
See Penn KK
Gray's Pt Term See St L S
Gt Nor— C B ifc 0, coll r 4s 1921
Greenbrier Ry See Clies ifc

BeUev&Car

M-N
AO

M-S
M-S
A-O
A-O
A-O
A-O
M-N
M-N

Nov'02

132*4 Dec'02

M & Minn

& Mack

4

J-D

FtD SeeCR&IP
See Ch & N W
pes Moi Un Ry 1st g 5s. .1917 M-N
DetM&Tol SeeLS&MSo

OesMoiifc

Det

1

2000 J-D

W 1st 6s. ..1921

Construction 5s

j)es

115

...

1915 J-D

gu g 3 4s

Lackift

115

M-N 1304 133

1164

Id 106

1111

ifc

Grand Rap ifc Ind

Illinois Central 1st g 4s. .1951 J-J

114

114

10641064

Mar'98

105
110

V g Nor
Gouv & Oswegat
Gila

1135gll54 Hock Val lstconsol g 44s. 1 99! J-J

Col & Hock Val See Hock Vai
Col Conn & Term See
Conn & Pas Rivs 1st g 4s. 1943 A-O

Del Lack

87

1

High SO Low High,
Sep 00

i<ir

1064 Feb '02

1094110

Since

January

(

133

Q-J

S.°

nil sale

100

.

ousatonic See

Clev&Mahon

Green v

1033,
104»4

100

115 Nov'02
134 4 J an '0

A-O

Marietta See Penn RR
Val g 5s.. .1938 J-J
Registered
1938 Q-J
Clev <fc Pitts See Penn Co
Col Midland 1st g 4s
194 J-J
Colorado <fc Sou 1st g 4s... 1929 FA

Oct

104 s8

4102

101%

994Dec'0L

1004.

J-J
J-J

&

98
101

98

io6" iba"

J-D
J-D

Peo it East 1st con 4s.. .1940 A-o
Income 4s
1990 Apr
CI Lor ifc Wli con 1st g 5s. 1933 A O

984

101 4 Oct '02
101 4 Nov'O'
102
102

984 Sale

J-J

W

1.

1 'alii
H of 1882 1st 58.1913 A-O 103
Ga Ala Ry 1st con 5s.. o 194." J-J
Ga Car No st gu g 5s. 1921 J-J 1114..
Georgia Pacific .sec So Ry
1

Range

fflC'S

I.

'alHar&SA SeeSoPacCo
ifc

Q-F

oonaol 7s
1914
Cousol sink [and 7s
1914
General cousol gold 63.1934
Registered
193
Ind Bl <fc
1st prel 4S.1940
1st pf 5s...ctl938
O Ind &

W

II

Range or

Dec 26

ifc

1st g as. .1928

1

Price

Pndaii

ifc

BKAP

i

FlaCenifc Pen 1st g 5s. ..1918 J J
1st land gr ext gold 5s. .1930 J-J
1943 J-J
Consol gold 5s
Fort St ITDCO 1st g 44s. 19-U
Vt
ifc Den C 1st g 6s. ... 1 921
Ft Wife RioGr 1st g 3-48.1928
/

& st

fcl936

1

ma

W

Oct '00

1134Dcc'02

1134.

M-N

» .5

1

A-O

1st col tr

Registered
Cin S & CI con

ifc

1

1

WW

Colum

January

High An Low H a n
110 34 Nov'02
1103., 119
109 109
109 Apr'02
14 4 Mny'o
105 1144

j.j

g4s..l99U M-N
Registered
1990 M-N
Spr& Col Div 1st et 4s. .1940 M-S
Val Div 1st si-is... 1940 J-J
C I st LifeC consul 6s. .1920 M-N
tel93l Q-r
1st gold 4s

Clev

=800

stock exchange •j »
CC
Week endini; Dec 26

n. y.

Since

Ask Low

Louia
1993 J-D
Cairo Div 1st gold 4s
1939 J-J
\v A M luv 1st g 48.1991 J-J
Cin

COC A

o ©I

See

Cleveland Cin clue
General g4a.
St

WeeK's

Range or

1389

2

BONDS

Range

Price

Friday
Dec 26

STOCK EXCHANGE
Wekk Ending Dec 20

N. Y.

"

1

61 4 Oct '01

107 34 Dec'00

Oct '02
4 Sep '02
1074 Dec'02
95 J'ly'02.
121
97

and asked this week.

5a.. .1948

Purchase money g4s...l91'.i
Ed El IU 1st conv g 5s. .1910
92 4 994
1st consol gold 5s
104 104
1995
N Y&QE1 L&P 1st con g 5sl930
Paterson & P G & E g 5s. 1949
Peo Gas ifc C 1st gu g 6s. .1904
117 118
2d guar gold 6s
1904
1st con gold 6s
1943
Refunding gold 5s
1947
ChG-Li&Ckelstgug5s 1937
Con G Coof Ch 1st gag 5a. '36
Eq G ifc F Ch 1st gu g 6s. 1905
121 1244
Mu Fuel Gas 1st gug 5s. 1947
97
99
Trenton G & El 1st g 5s. .1949
1074110
95
95 34 Utica E Life P lstsf g 5s. 1950

J-D
F-A
M-S
J-J

Ill
943 8 sale

111
94
1054105 34 105 34
120
120
106 1074 107 4

F-A
M-S
M-N
J-D 101
A-O
M-S

Dec'02
94*8

Dec'02
Dec'02
Dec'02

104

J'ne'02
104 4 Nov'02

Dec'02
Nov'02

J-D

120
104
109
110

J

IO434 Nov'02

J-J

109

J

M-N
M-S

.105

105
109

Oct

1054109
120

121»<

10441084
104 104
103 106
117°4l26
104 104

10841114

1

Sep

20

'02
'02

1074 109 4

1024105
105

106

Feb '01

J-J

aDueJan bDueFeb dDueApr eDueMay ADueJ'ly fcDueAug oDueOct gDueDec sOptionsale

%

1

.

BONDS

Price

STOCK EXCHANGE
Week Ending Dec 26
Nashv—(Continued

cfc

^<s

Week's

fS^

Mange or

S o

Since

gold 6a

1921 WI-S

1<.'

X25"

75

Nov'99
Sep '02
1101-2 Mar'02
113
113
114 Sep '02

112

MS

77'-2

99

101

113
112

%

110%
114%

Sep '02
Mar'01

ManSW

N

McK'pt & B V

J-J

112% 113

Mex
Mex

M-S
1910 J-D

Nort.Ii 1st gold 6s

N

W

&

M

Ex lstg

South West

7s. 1910

&

M&

M
M

M

M

& Wa 1st gu g 5s...
Kan C & Pac 1st g4s...
Dal

M

K

T of T 1st, gu

<fe

5s.

•;

1

1

:<10

942

Sh

Slier

<fe So 1st gu g 58.1943
Neosho 1st 78. ..1903
Elstgug5s....

&

Te bo

MoK&

15i2

97^ Sep

"

94

J-D
M-N

MS

A-O

98

97% 98
97^
82
82% 82
103

103

86

ss

88
102

L02
105

121

121
124>2

126%129i4
106

113%

1st consol 4s

& D SeeN

BB

YN

NY

1

92

'•_

Sale

97% 101 h

98
82i*

SO

87 >4
102% 108

85% 88 >4
102

106 14

88

92

no

12

51

k
121

1047a

93
100
104

105

See

H &

91

114

1

V ('ent & H
Begistered

1st 7s. ..1903 J-J
J-J
Gold luurt gage3%a
1997 J-J

Lake shore

coll g 3%8...1998
fiegii tered
Mich cent coil g 3%8...

Begistered

1998
Beech Creek 1st gug 4s. 1930
Begistered
1936
2d gu gold 5s
1930

N
N Y&

4

-

</

1941
g5s
Norf <fc West gen g6a
improvem'i & exl 2 6s
New Biver 1st g6s
L932
By 1st con g 4s. 1990
N<fc

W

Pocah

C joint 4s..

Cffc
1st

115

1

N

ii

1

C B& Q

tr
s f

gaf

L16

W

V
N J
No Westn

L918

102

LS2

Sale

102 J-J

74U

1-2

1

1

4s

coll tr

est

,

Mm

106% 106%

M-S
M-S

101

101% 1013101%Nov'9S

10()i-2

M-N
M-N

108

F-A

131

&

11

A-O
A-O
A-O
J-D

I

Jan no
105

14

110.1-2

-

131

129

l:-i
'

9*1%

Ml

I

!-:.'-

:-

1,111.,

,

100%Jan
91

20

9

1

1-2

95

90

'4

4

104 'a

100% loo

'02

L07%J'ly'0]
1001-2

103% Sale

72%
i

101%

103%

104
103i-j

--

toi's

102%106%

1

Sale

71% 75%

-

72

I-

'2

72

1

L32

75

100

i

L02%May'02

102%

127% 129%

'02

J
'

122

!.-

110

ll'i

1

112%

100

A-O

BB & Nav See Un
Se< in Pac
OawegO & Itinne See N ^
St P See C & N W
O CF
104
1946 J-D
81^ Pac Coast Co 1st g 5s
ac of Missouri See Mo
116

116

loo

.dro-

lls

94% 94%
115 119%

|y'02

108

i

1021-2

75

Iu4

lo 100

30

I

.

ire

\'ov'02

101%

lot

A-O

I

mi

Di

99%
94

1

'02

99
92

91

92
92

91

92
92

92

101%

111

1

1

-}

nrs

g5s

96

I

Pitts

J'ne'98

&

\\

g3%a B
'-2sA...

Penn
Apr*02

1-1

'.

107

1-2

110%

7-.

ft.1912

97 4 Aug'02

97%

<i:il

1*

1

1

09
I

Col F<fc

114

11 3

'

1

Oct

Co gen sf go

1

F

Salt

11

<

.1

A
A

1101-2

1

I

95 Hi

1

m

c

1st s

1

:

lit] -J

Vpr'O]

L30

lid

106

1101-2

1

1

i

00 'sale

105 "4

1

95 V

1

Ss.195]

.'

1

.1

1

102

.1

1

106

\
l()i.,

113',

Blrm

Di'

1

;il7

J-J

J

110%

.1

>eo'02

.1

.

PC

a

Ci

1:

55

•

1

10%

Friday; latest bin and askeu this week,

a

s
1

Due Jan

1

b

o%

1

1

;

Du« Feb

1

1

11

y

Jan

'00

Iniiiintrinl

Nov'OO
'

32

J

&

lanufacturing

1

'•..--

jDaii.inii

11%

J'ne'02

19.10 |M-N

113%
1

i

97%

97

02

J

.1

<fc

10 P.,

Ill

10%

1

loo

115

1920
1926

Kan<£

111

111

114%

^ J'ne'02

1

Pleas
ill

15

112

1,

114%

'01

:

12

Nexl Pace

&

'

1

1

-M

..Hill
(,.

1

1

and Iron

100%

100

123

19l9 ti

101)1-.'

I

M N

1912
1905

Consol gold 5s

100% Apr '02
1

A-O

Convertible g 3%a

J'ly '00
Di CO]

1-2

.1912 J-J
1912 J-J

est g 4s. 1923 M-N
J-J
gg 6s

(

1

1950 F-A
J-J
L940 J-J
J-J
L940 A O

1st real

95

93

122

r.i-12

3d 7s

kb

12%

.

A-O
M-N

C

l't

97%

121

J-J

2d7s

95

95

102

•.

into..

A O

1.

1

lol

1

',

1

1932 A-O

,

A-O
lar
Series C
1942 M-N
si
nar
M-N
Series E 3% guar g....
F A

97%

D>2%

Ool

:

1

92
93

111%

101

.

B

Series C 3%s
Series i> 3 "as
ii'cfc Pitts gu

K & C Bdgi en
PC0«S SI Lgu4

991-2

'2

1

106

L&

& p gen gugi

1

.

'.'1

93% Sep '02

F-A
J-J
J-J
J-J

1

LOO

:.

Sale

ser B.

1

1

P 1st con
Bi glstered

C St

103%
:

110'-2.

J-J
Begistered
luar :; -_js c:>n trust reg.1937 M-S

ar3%scoll

1

ion',

1921 J-J

108

Oct 02
Apr 02
02
110M
02
102
Nov

.

M-N

4%s

1st g

102

108%!'.
101
102

110

*

;

1
.

09 >2
109

L04

106

1

loo

110

<

I

KTov'02
5ep ''.17

ibo"

;

ifc

73

1

102%

114'

Ore Short Line

103
!02 1aNov'02
05

102\i.

F-A

1909 J-J
gold 6s... 1919 WIN

207 220
135%135i-2

116%Mar'02

!..i".

J-D
g
General gold 5s
1937 A-o
Ore<feCal See So Pac Co

1

I

1

No price

106% Mar'02

.1910 f A

anil Iron
Cah Coal
See I'C
Clear! Hit Coal See N i
Col 0<8i
Dev Co
'

114

st
SeeCC
OlndA W BE 1st C& 1936
hio Biver
5s.

129

Coal

1

104
102

t7

Nor

(it

sink fund snbsid]

F-A

J-J

204%229%

135% Jan '02

1st consol gold 4s
L968 J-D
Wash Cent 1st g4s
L948 Q-M
N'or Pac Ter Co 1st g6s.. L93; J-J
Nor By Cal See So l'ac
Nor Wis See St P
O
Cent
Nor & Monl See

Penn Co gu

M-N
F-A

M-N
M-N

10H

I

L03

2d5s

i'ii

West U niou lol 11 cur 5l
I'd and real est p 1 48.. .1950
Mut U n Tel s fund 6s.. .1911
North vi estern Tel 7s
1904

Col

See

-

v\

106%

L30\i

lien

Panama 1st s fund g4%s..

Tel gen g 5s.. 1920 M-N

<fe

105

;

Dec'99

74^ Sale

.

M-N

109%

229 H> Sep 02
220 N..V02

St

100%101!-2

J'ly '02

111

J-J
Q-J
2397 Q-J
5s.. 1926 J-J

g5s

ins
104

Dec '02

100

:

4

'

l'aul-DiilDiYg4s....l990 J-D
Begistered
J D
si I' <£ N 1" gen g 6a.. ..1923 F-A
Begistered certlnc's.. L923 Q-F
St Paul& Dul 1st 5s....
-a

102

I

1st g 4s

e)

J-D
A-O 220

J-J

g 4s
Begistered
General lieu gold 3s
o20
Begistered
o20

95

112!4Dec'02
113

Am Telep & Tel coll tr 4s 1929
T & T col
A- T 1st.

:

1

-

Telegraph and Telephone

Erie

I

gu g5s

HDSCELLANEOU.s BONDS—Continued on

Mm.

1

Mor<fe Soutli 1st

Nor Pac— Prior

100

126^Dec'02

113

Gouv<fcOswelstgug5s 1942 J-D
Mull .t Mai 1st gu g48.
Ji-S
Income 5s
1992 Sep

Met T

Uttu, 121 •..
U8'a 127%
3'4 1 1
-2
1

1

4

12%114

!!•<

101 H J'ne'02

Cart it
Clearf BitCoallStS 14s. 1940 J-J

ed

119 'aD

105

B

Begistered

g 3%sW95] A-O
Adlstgu g48...1981 J-D

i

115%May'0l
117

i

N Y&
N Y O & Wref lstg 4s.
Begis $5,000 only
992
N Y& Put SeeX V C &
N Y & B B See Long Island
N Y S& W .sec Erie
N Y Tex & M See So Pac !o

Beech Cr Ext lsl

Comni Cable Co

130

1,

126

i

1890-1905 J-l)
1905 M-N
g4s

1321-2

127

Lee '01
106%Nov'00

con g 5s.. 193 M-N
H <fe Derby con g 5s. .1918 M-N
E 1st 7s
N
1905 J-J
1st 6a
1905 J-J
North Seel* Y C <S 11

91

,

Begistered
Dt 1)1 certs ext
Begistered

128

M&
NY

J-J lOKi.
M-S 103
Begistered
M-S
1884
B< .,-i deb 5sof...l889-1904 M-S
Debenture g IS. ...1890-1905 J-D 100
Of.. .1884-190

128
127
110

$100

eei-ts

CC& T

127
97
111

Sep '02
Oct '02

Begistered

Debenture 5a

J'ne'02
3

118%Dec'01

ScioV<feN Elst gu g4s
M-N
116% North Illinois
N W
North Ohio See L Erie & W
L20

II

B

m 27 h

146%Apr'0]

1937 A-O

Begistered

'.>.,-,

107

93
97

91

99

%

91

1

115

120
10914

104
114

J

97
114

,

NO&N
N

114

J-D

N Y & Greenw Lake See Erie
NY<feHar SeeNYC&Hud
N Y Lack & W See D L & W
N Y L E & W See Erie
N Y & Long Br See Cent oi \ J
N Y & N E See N Y N
N Y N H & Har 1st reg4s.l903

L09

Dcc'O!

L27

1

7.-'

M

114

11]',

L03

L

Till

104 '4
lo-lU

113%

109
110

Cent
N
New <fc Ciu Bdge .See 1'ennCo
E prior lien e 6s pl915 A-O
N V Bkln & Man Bch See L I

unc

J J

1091-2

114

111

II

101 1081-2
101%105ii2

J'ly '02

110i4 J'lv'0(i
93 April102 J'lv-n-j
128
28

128

A-O

95

BatC&Sturlstgu

Housatonic

112»4 113%
112 >a Dec '02
9 j ',
92

Sale

W&

T& P Branch 1st 6s.... 1911 J-J
Nash Flor <fc Shef See L & N
Nat of Mex prior lien 4%s. 1926 J-J

101

110%Mar'00
Feb '0

,

1

N Y & Harlem g 3%s...2000 M-N
Bea-istered
WIN
N Y & North 1st g 5s. ..1927 A-O

small

.

1

105

127

.

BB 1st 5S..1934
Y 1st gu 6s. 1932

I

.-.

1

!t

118
121
120
102

115%
107%
107%

104

1

'

147%147i2

116

L09
nil'i

,

i

M

112

1

Lsl

M

Nr.i

'«

lo9% 109
109%110 no

1938 M-S

)

<fe

105

N

121 2 E
B W<feOconls1 exl 5s./tl922 A-O 120%
113»4 Jan '02
Oswe B 2d gu g 5s. ..el91 5 F-A
B W & O T B 1st gu g 58.1918 M-N
109% 109%D( c'05
Otica & uik Biv gug4s. 1922 J-J
104
104 h
05
N Y Chic & St L 1st g 4s. 1937 A-O 04

103
Oct '02
Sep '02
88

in,;

g 58.1946 J-D

g 5s. .194. F-A
,, p
Cairo coll g 4s..
St L
1931 J-J
Guaranteed g4s
M & coll 4s Bee Sim
Mohawk & Mai <SeeN VC&ll
Monongahela Biv See B & o
jut Cent See St P
Morgan's La <£; T See S P Co
a V\
Morris & Essex See Did
1st
Nash Chat & St L5s 7s. 9 13 J-J
consol gold
L928 A-O
ls1
Jasper Branch 1st g 6s.
J-J
Al 1st 68.. 1917 J-J
McM M
i

98%

96

Nov'01
Apr'01

103

W

gold 6s.. L927 J-D
1st extension gold 68. J
Q-J

C'l

McK

Convertdeb certsSl.000

Unified &
Verdi V 1 &
1st g 5s. 1926 WIS
Mob<& B inn prior lien g5s
J.J
Mortgage gold 4s
1945 J-J

&

14% 25%

'02

'i

1931 A-O
ref gold 4s. .1929 J-J

MontgomDiv

10

144t4Dec'02
119 l4 Nov'02
123%
129 »4 Aug'02
118%
121
Jan '01
120 Sale 120
120
102% Sale 102 'a 102

J-J
J-J
J-J

J-D
F-A
M-N
A-O
M-N
M-S
J-D
F-A
J-D
A-O
M-N
M-N
M-S
M-S
F-A

105
105

J-J
J-J
J-J
1934 J-J
2d guar 6s
McKees & B V 1st g 6s 1918 J-J
.Mich Cent 1st consol 6s. 1909 M-S
5s
1931 M-S
Begistered
1931
1940 J-J
4s
191o J-J
Begistered
J L<fc S lstg 3%a
1951 M-S
.Malum

Pitts

1

.

L frM&Sgen oong5
Gen con stamp gtd g 5s

St

General gold 4a

36!.2

1-2

<fc

1

1st

85

21

90«8 J'lv'lil
105 May'00

1 900
Missouri Pacific 3d 7 s
*120%..._
1st consol gold 6s
1920
104 104%
Trust gold 5s slamped.nl 91
Begistered
a\'.".
10 i 10434
1st coll gold 5s
1920
CentBrlty 1st gu g 4s. 1919 FA
JD't
Leroy & C V A L 1st g 5s 926 J-J
Pack of Mo,
13.1938 F-A 104 108
J-J 112
2d extended gold 5s.

Mob Jack A; KC
Mob& Ohm new

74

171

W

1st consol gold 5s
1934
1st and refund gold 4s. .1949
Minn & St L gu See B C B N
P 1st 5s stpd 4s int gu 1930
A 1st g 4 int gu 1926
SS
StP& S S con g 4 mtgu '38
Minn Un See St P
<feM
Mo Kan & Tex 1st g 4s... 1990
jil99ii
2d gold 4s
1944
1st ext gold 5s
St L Div 1st. ref g 4S....2001

M&

23

J-D
J-D 10-llj
J-D 103
P-A

QM

35

78
24
16

77*8

SO

See
Y Cent
See Erie
Mil L S
See Chic <fc N
Mil & Mad See Chic
A'
Mil & North See Ch
& St P
Minn <fe St L 1st gold 7s. .1927 J-D
1909 J-D
Iowa Ex 1st gold 7s
Pacific Ex 1st gold 6s. ..192] A-O

&W

Sale
Sale
Sale

95

1st Ser...U907
Internal 1st con g Is. 1977

Mich Cent
Mid of N J

78
24
16

FA

k4^h

Coll tr

-l

J-D

Y Cent
See
Metropolitan El See Man By
Mex Cent consol gold 4s.. 1911 J-J
1st consol income « 3s.nl939 J'ly
2d consol income g 3s..al939 J'ly
1917 A-O
Equip tfc coll gold 5s
1919 A-O
2d series gold 5s

105

|

112

llirih,

105

West Shore 1st 4s
112
112 V
J-J 112%
Br
112% 109
109
J-J
Lake Shore consol 2d 78.1903 J-D 102 .... 105% N
1903
Gold3%s
1997
Begistered
199
Det Mon & Tol 1st 78.1906

49 103 107i«
103% 104
103%Dec'02
103% 103%
'02
11 'V Dec
111 1143,

104

So Low

Oct '02

Sale

KaA<fcGKlstguc5s

A-O
A-O

J/if/li

105

A-O

,

1

Begistered

1

anhattan Byoonsol4s.l990
Begistered
1990
1908
Metropol El 1st g 6s
Coioniz gas. ...1934

Mont

cV;

Since

January 1

L!

I

]

117

112

Range or
Last Sale

Ask

>'

i;.'

Noi
11014

Friday
Dec 26

N Y Cent .t H R—fContitWt
N J June B gu 1st, Is..
FA
risteri
F-A
N Y<ft I'u 1st con un g4s 993 A-O

Oec'Ol

115
112
100

1

LNA&Cli See C & L
Mahon Coal See LS4MS

75

J'ne'02

113
100

I.",

S 1st gu g 5s. ..las';
Pens& Atllstgit g 6s.. 1921
Ala con gu g 5s.. 936
S& N
Sink fund gold 6s
1910
L & Jell Bdge Co gu g 4s. .1945
Fla<fe

J

1

'.'.'..

2d gold 3s
1980 M-S
Hender Bdgelstsf g6s.l931 M-S
Kentucky Cent gold 4s.. 1987 JJ
Left N-<fe M<fcMlstg4%s

N

January

Range

Price

STOCK EXCHANGE
Week Ending Dec 26

High No Low High
115 116%
16% Mar'02
125% 127 %
125% Ang'02

PensacolaDiv gold 6s... 1920 M-S

LDivlst

23 ;c

LXXV.

[Vol.

N. Y.

Ask Low

Bid

i

Last Sale

3

liONDS

Range

Friday
Dec 26

N. Y.

St.

.

.

Bond EeCOrd— Continued— Page

1390

Lomsv

1

'

40

1915

/iDueJiy

Sale

-10

100

p

Due Nov

.-

•

Miiu.n sale.

'6 '4

J

1

December

Bond EeCOl d— Concluded— Paere 4

1902.]

BOM)-*

X

BONOS

Week's

Price

STOCK EXCHANGE
WKKK ENDFNfi l£< 26
i:dj
nil RR—

Range

Friday
Jha 36

I.

or

Cons

gen

\'.ii

January 1

Last Sale

Mar

di

Di:

i:

Sua

.\.

1st

Lii"

V X

KK

J

Pec
Peo a

:-

.

A Cans o4>

I

i:'.m.i

1939

111

113 34

1
-..

-

&

Puts

>2

120

is

i-

1

-.

t

Oct '98

Oct '01
Dec '02

1917

101*2

d

5

gen g 4s
Registered
Jersey Cent
Bensselaei & sar Si e i
Rich ifc Dan .w Si. nth Ry
Rich & Meek See Southern
Rio Gr West 1st g 4s
1939
Consol and col trust Is .1949
Utah Cent 1st gu g 4s. al917
Rio Gr June 1st gu a 5s. ..1939
1940
Rio gr So 1st gold 4s
1940
G naranteed
lg

sale

7

93

L20 i2Dec'02
07
AiV
92 Apr'01
!

100
91

Sale

92

93

3

99=%
9 14

97
L14

82

80

'-

94 14

R & J'
See N V Cent

'2

Sabine Div lstgbs
Con gold 5s
Southern—-ist eorig 5s

20

Nov '02
Jan '02
Maj '02
J'ly '02

99

1

01*8

97
115*.i

80*2

"97" Nov'02

105 %...

tfc

2d gold Gs Class C
General gold 6s
General gold 5 s
St L cfc S F Rlt consg

1906

105%...

1931
1931

129

1301-2

113% 115

4s. .'0b

Sotithw Iiiv 1st g 6s. .1947
1951
Refunding g 4s
K C Ft S & con g 68..1928
KCFtS A- Ry ret" g 4s 1936
Registered
1936
St Lotus So Sea Illinois Cent
1st g 4s bd ctfs.1989
St L S
2d g 4s ine bond 0tfs...jjl989
Trust Co ctts
Cousol gold 4s
1932
Gray'sPtTerlstgu g 5s 104
St : nil cfc Dul Se« Nor Pacific
cfc Man lid 6s. ..1909
Si Paul
1st consol gold 6s
1933
Registered
19;.;:;
Reduced to gold 4 *2S..l 93
Registered
1 03

94

M
M

85*2

.

112

1

94 78
84

84

86
953,

84
85
*-j

May'02
112^4 Dec'02

11 6*8

190s
1948
1922
1937
193^

Registered

86

112*2 112
137 *a Dec '02

8.

113
104

Apr '01

113% Nov'02
Sale 104
104
106 May'01
107*3 Sep '02

E Minn 1st div 1st g 5s.. 1908
Nor Div 1st gold 4s
Minn Union 1st g 6s
Mont C 1st gu g 6s

Au_'0-J

Nov'02
Dec'02
97 Dec'02
LOO Jan '02
94 >a Dec'02

140

193
103

Registered

Sale

112*8.

1910

Registered

'.j

130
115

8lWne'02

M

1st gold 4s

titi

Sale
85»4

85
100

<

Mont est

Dec '02

l2.""i'sJ'ne'02

W

Dakota ext gold 6s

106
108

137

115

10;;
1st guar gold 5s
"Will cfc S E 1st gold 5S..1938
81 P cfc Xor Pac AVe Nor Pac
&0
St P cfc S'x City See c St P

.126

i

Apr '07

124*2 J'ne'02
125 '2 Feb'02

M

S FePrescfc Ph lstg 5s... 1942 M-S
S A & A P See So Pac Co
b B cfc X P 1st sink f g 58.1919

W

1st gold 6s.. ..1931
Fcfc
1934
1st gold 5s

111

95

II334

95

1

Roa

101

82*2 83*4
01 -s Sale

1st 5s
1926
12*2
Car Cent 1st con g 4s... 1040
104
T
Sher Shr cfc So See
Sil Sp Oca cfc U See Sav F A
Sod Bay
So 1st g 5s
19
J-J *104
So Car cfc Ga See Southern
So Pac Co— Coil tr g4*as..l905
97*2 99
Gold 4s (Cent Pac coll), fcl 040
90 34 Sale
:

Registered

g

101*2 Sale

1949

Registered

.

M-N

M

1921 M-S

4-5s

1

I

'02

87
97

Aug'01
97

83*4

84

101%

101%

6
10

104 34 ireb'9H

07

Oct

"02

A.T929
fcl929

84

GalHarcfc S A 1st g 6s. .1910
2d gold 7s
1905
Mexcfc PaclstgSs
1931
Gila
1st gugSs. 1924
Hous E cfc
T 1st g 5s. 1933

85

100

Dec'02

101%

9034 115

Apr 'IV

J'ne'01

101*2

21

99%J'ne'00
85
85
60

Nov'02

108
109*2
108
103

112
103

W

Oct '02
Aug'02

cfc

Imp

119%119*a

May'02

los
108
111*2 114*2

110*4

112
106

108*2*11

I

108
1

1

103*2

120

1

'2

116*4

115

«

lO..'2-i'lV'Ol

Sale

119*4

99 4j

'2

119

I

1

.

Sep

120

119

118
122
94 *o loo
12 '2 115
99 101*2

120

Jan '02
95
95
115 Mar'02
ioo»4 Dec'O
120 Mar'Ol
95 Dec'02
122

117*2
119

94

llr'j 120*2
12284
118
1*3*2 117*2

117*2
119 ia

1

116*4 D

125*8

L26

Oct

125
125
119

120*4121*2 120*2

'02'

i

101*4 J 'iy '00

uoo

ill
" 92
106*4 107
106
118
123
111
113
113*4
114
114 115 114

111

'2

10

Sep '02
Nov'02
Feb'02
Nov'02

129
127 34

HI

113*4

90
106
123

Nov'02

l'JO'i

08*2

120

119

'02

92
112
123

122*2

113*-2ll3*2

Sep'OI

Dec'02

117*2

114

110*2 Dec'01

Apr'02
117% Nov'02

98
98
1L7 34 121

98

119
122
99

117 J'ly'00
104*2 Sep '02

117

111
119

98*2 104*2

Oct '02

111

Dec'O!

HIV 119
112 34 H5*2

101 34 Sep '02

117
100

98
10534

112*2

114
107

83
75

84
76

*2
'a

116
98
111
114

116*2

12
104% Sale
1

125
115
95 34 Sale

101 34 101%
116 122

102%

96

J'ne'01

Dec'02

1

Sep

109

1

2

'2

11

98*2 Sep '02
Dec'02
91
84*4
83%

94*2
91

75%

75
97

82*-2

70
5

114

:

104*4
104*4

I'

'02

1

114*2

113% 113%
107 110%

L13%Nov'02

105% Sale 104%
100*2

3]

Dec'02

98ia

109

114*2

I

115*2 May'02

102
110

93*2
92*4

87

99%

110*2 114
104 34 140 103*4 100*2
103

C'Oi

105%

105*4 Dec'02
100*2 100%
125*2
125
115 Dec'02

1313

LOll *2

103

113%

105*4

18 100

l.04 34

5 125

129*2
119*2

115
96 072 91 34 9
115 115
115 Nov'02
114*2 114*2
114*2Apr'02

94%

;

Pacific

M-N
F-A
J-J
J-J

M-S
J-J
J-J

AO

98
109

83
Mar'02
Dec'02

121
114 34
104
89
104*2 107
109 111*4
97
95
83
89
98
98
109 111*2

Dec 'O'l

118

116*4 Sale 116
108
107*2
101*2104 104
74*2
76 Sal6

104*2 104*2
110*2111*2 110*2

05
82*2

M-S
A-O

97

83% 83
111

116*4

108*2

104
76

19 115
23 107
1 100
520 66*2

Dec '02
Dec '02
May'02

118
98
30

119*4

Nov
J

111

121*2
98*4 102

114*2Jan'02
113 Nov'02
113 Sep '02
111% Oct '02

J-J

A-O

99% Dec '02
40

A-O
J-J

Mar'01

gold 5s. ..1930 F-A

114

1949 M-S

90*2 91

91

93*4 Rale

91%

93*.

112*2114*2
113 115*a
112*2 113

111% 111%

91*4

1st consol 4s

113
108

'02

L9*2J'ne'02
107
Nov'00
108*2
116*4 Apr'di
i

W

Exten

104*2 108 Mar'02
110*4 Apr'02

VG&X

Un

W

109 34

.110*4 110

cfc

1

I

W

Dec '01

98
90
95
111

North See

Black R See N Y Cent
See Mo P
er Val Ind &
V irginia Mid See South Ry
128 128
\\/abash 1st gold 5s
1939
i\
2d gold 5s
1939
Debenture series A
1939
110 112*4
SeriesB
1st lien equip s I'd g 5s. .1921
89*2 96
Det&Ch Ext lstg 5s.. 1941
Des Moin Div 1st g 4s.. 1939
82*2 90
OmDiv lstg 3*38
1941
100*2 105*2
Tolcfc ChDiv lstg 4s... 1941
st Chas Bridge lstg 6s. 1908
96*4 98
Warren .See Del Lac & West
Wash Cent See Nor Pac
Wash O &
See Southern
West X Ycfc Pa 1st g 5s. .1937
34 101%
Gen gold 3-4s
1943
97
Income 5s
<J1943
89
96
West No Car .See South Ry
94% 95
West Shore See N Y' Cent
Va Cent cfc P 1st g 6s. .1911
100 104
Wheel's cfc L E 1st g 5s. ..1926
Wheel Div 1st gold 5s. .1928
84 34 89*4

y

Dec '01

Dec '99

Oct

108

112

13

12 *2 114*2
105*4 108*4

»

'4

W

M

cfc

15

1

!

.i

112*2
1

02

-

:

110% Jan

W

Utah

2-

I

i

1.2

W

1041
A&N Wlstgu gu 4skl949
g5s
Cent Pac 1st ret
1949

Mort guar gold 3 *2S.

J-J

M-S
A-O
M-N

BL

.V;

Registered

I

D

J-J

J-J

E5a

'

05*4 Nov'01
112*4 Nov'02

W

&

J

1020 M-S
1930 M-N
General 5s
1936 M-N
Guar stamped
1st cv gu 4s. .1924 F-A
O&
WestN C 1st con g 6s. .1914 J-J
105*8 111*2 S cfc N Ala See L <fc N
107
110% Spok Falls & Nor 1st g 6s. 1939 J-J
130 134
Stat Isl Ry 1st gu g 4*2S..l 943 J-D
114 118*2 Sunb & Lew See Penn RR
Syra Bin a & N Y .Sec D L cfc
96 101
K&T
See
100 100
i *ebo cfc "N
I er A of St L 1st g4*as-.1939
93*2 98*8
1894-1944
125* 8 125*8
1st con gold 5s
35 8 5=4 94 34
St L M Bge Ter gn g 5s. 1930
Tex & N O See So Pac Co
Tex cfc Pac E Div 1st g 6s .. 1 90 M-S
2000 J-D
94 100*.)
1st gold 5s
90>.2
2dgoldinc5s
77
92000 Mar
8078 81',
1931 J.
La Div
lstg 5s
1935 J-J
90*2 Tolcfc OC 1st g5s
80
Western Div 1st g 5s. ..1935 A-O
1935 J-D
General gold 5s
112 117
Kan cfc M 1st gu g 4s.... 1000 A-0
141
...1917 J-J
TolPcfcWlsi gold 4s.
133%
TolStLcfc Wprlieng 3*28.1925 J-J
139 140
1950 A-O
50-year gold 4s
112 115*-.
Tor Hani <ic Bull lstg 4s. /(194<; J-D
Del 1st con g5s 1928 J -I)
113%118*8 Ulster*
nPac RRcfc gr g4s..l9 J-J
102*2 100
1047 J-J
Registered
1911 M-N
1st lien convert 4s
106% 107*i
Registered
1911 M-N
Ore Ry cfc Sav con g 4s. 946 J-D
Ore Short Line lstg 6s.. 1022 F-A
i;-i3'-2 141*4
1st consol g 5s
1946 J-J
4s cfc participating
1927 F-A
1008 J-J
Utah & Nor 1st 7s
124*8 125
Gold 5s
1926 J-J
124% 125*2
Uni N J RR cfc C Co See Pa RR
Utah Central See Rio Gr Wee

Aug'01

128
123

.

St Jolm's Div lstg 49. ..1934
Ala Mid 1st gu gold 5s.. 1028
1st gug4s..)o:;.s
Brans &
SUSpOcacfc Ggug4s..l918
Scioto Val & N E See Nor
W
Seaboard Air Line g 4s ...1950
1011
Coll tr refund g 5s

MK&

0*2

Utica

128*2.
114

.

J-J

1

Apr'02
lU3*2Sep'02
!2s

111

1

A-O
A-O
A-O
A-0
A-O
M-N
M-N

30 J-J

,fc

W

cfc

-.1

M-N
938 M-S

5s

lien g 5s
1922
1st g 6s
Ohio 1st g 68...1925
1915
Rich & Dan con g 6s
Equip sink fund g 5s. .1909
1927
Deb 5s 81 amped
Rich & Meek 1st g 4s. ..1948
So Car & Ga 1st g 5s. ...1919
Virginia Mid ser C 6s... 916

94%

Scries
Series

cte

.1

.

M-S

Ga Div g5s..P

it

ion 1st gold

E Ten reor
Ga Pac Ry

82*2

91

(

122

.

110

&
&

E T Va

97

,

137
123*2

ran '01

i

16

4 *2

L05*2

86*2

1951 J-J
st Louis div 1st t; Is
1018 J-J
Ala Ceil R 1st g 6s
1948 J-J
Ail
Danv 1st g is
Yart 1st g guar 4s. 1949 A-0
At
1916 J-J
Col* Greenv 1st 68

102?k

U2*o

Nov

—

l2.V<j

i

2 *2

1

A-0

1912 M-S
1943 J-J
1094 J-J
199 J-J

Mob* Ohio coll trg 4s..
Mem Div 1st. g4*a-5s...l9

lOl^Nov'Ol
96

.

Registered

Knox

Sa2 I'us & H 1st g sf 6s.Marq
ait LakeC
.1913
St Jo & Cr Isl 1st g 3-4S..194
St Law & AiUron 1st g 5s. 1990
2d gold 6s
1996
Cairo Bee Mob & Oluo
St L
St L* Iron -Mount Bee M P
X See Wabash
St L K C
St L M Br S«e T1IKA of St L
St L
S Fran 2d g 6s ci B 1900

Seabcfc

05

101
120*2
101

is

Rutland 1st eon g 4*a8....1941
Rut-Canadlst gug4 "us. 1949

Sav

102*2

100
100
111
92

00
1.

127*2
L30 Nov'02
122 Sen '02

1

1

cfc

..v'iij

Xov'02
1

Keading Co

See

:

loo:.

02 *a

111

SPaoofNMexlsl g6s..l911 J-J 108
J-J
S P Coast 1st gug 4s....
F-A
Tex
X O 1st 7s

121

119

I

&

1

High,

.

;

-J

.1

J-J
J-J

cl910

\i

Stamped

112*2112*2

Nov'02

101

i

g6s...i

905
D...1906
lstg6sseri< E<S F...1912
1912
1st gold Os
1937
1st con guar g 5s

.i'lv'07

s

.

M & Co certfa
V A Asa 1st

I

N oV'97

\

119

2

1

1

gu g4s

isl

6s
S Pot Cal 1st g 6a
2' lis aeries B
1st

i

gold

.....

Rock & Pitts
Rome Wat &

1st guar

"
'

1

\\

Lt2Dec*02

107

.

lstoonsol

P

115
111*4 117

1st

,'issiTtcsC

A-0
ti

S A & A Pass
So Po1 Argu

i.2'5"

112

,

D

L02 *

i

Co

.

J

1

1

37
-i«i

puts MoKeea &
Pitts Sh &

Puts

L920

loo, J-J
Guaranteed gold 5s ...
A-0
J-J
& :al 1st guai

130*4

121"

1

i

si
I

.

112 12Aug'02

i

Purs Clevcfc
Puis Ft W .v
Pius Juno 1st
Pitts

111

130

Ao

High.

I

Oct -oo

121

117

g 6s.

-U

1'

HuroL

Pine Creek
Puts rui a

A O
A-0

1st gold Os

Feb'02

n 1
21

- 6s...

..-.

Bio.

M-N
Waco<£ N v\ .;:>
Morgan's La a T 1st 78.1918 A-O

1

May'00

117

MX

guai

it

Sim

J-J

N Y T & Mex gu 1 81 4s.
Noot Cal 1st gu g Us....

1st cousin gold 5s

Pi

111

111

1

guosn

'2

Marq— E it

Pere

ill

OCc$

S
n

:

^

Pi

"

& a

Pt-ns icola
.V

......

:o— (Continued

gold 4a

Jiange

i( eek's
fiangi oi

,,

,
.

inry

lonsol

i

Gen

is

...

d
s ;.sn,i gu.

h & TClst

RcS
Lev.

-

E& WT Isl

11

Mar'00

12^1

1

hern Pac

S

Y.V." 102*" Nov'97

'..'.'..'.

gll E

High No Low High

Ask how

Bid

1943

gold 4s

J

Alk-2

stock exchange
week Ending Deo 26

n. y.

si nee

1

1'!

1391

Wilkes & East See Erie
Wil cfc Sioux F See St P

91

97%

88

95

M M
cfc

W

Winona cfc St P See C cfc N
Wis Cent 50-yr 1st sen 4s. 1949 J-J

142

MISCELLANEOUS BONOS— Concluded.

& Industrial

Manufacturing
Am Hide cfc L 1st

Miscellaneous

g 6s. 1919 M-S
Am Spirits Mfg 1st g6s..l915 M-S
Am Thread 1st col tr 4s. ..1919 J-J
Bar cfc S Car Co 1st g 6s... 1942 J-J
Consol Tobacco 50-yr g 4s. 1951 F-A
Registered 4s

s

1'

.

1951
Distill of Amer coll trg 5s. 1911
Gramercy Sug 1st gold 6s. 1923
111 Steel Co deb 5s
1910
Non-couv deben 5s
1913
Int Paper Co 1st con g 6s. 1918

94*2 Sal6
87*2
85

80
65*2 Sale

F-A

86
82
105
64

94%

J-J

..

98

100

99*2
A-O
F-A 10S Sale

15

Dec'02
J'ne'02

Jan

65% 958

Dec'02
99% Apr'01
99 Jan '99
100 May'02
108
108
98

00

100
91
83

*a

Adams Ex col tr g4s
1948 M-S 104
Am Ok Imp 5s See Cent N J
Am SS Co of AV Va g 5s 1920 M-N

105

104*2

B'kl'n

94
80
82

'00

66*2 Oct '02

A-O
J-J

94*2

104*2

103*2 107*2

100
77
111
86

34J'ne'02

100 34 101*2
85*2
77

50

Feb'02

cfc

FerryColstconsgos'48 F-A
69% Chic Jc cfc St Yard col g 5s. 1915 J-J

77
104

Sale

A-O
M-N

90

Sale

M & Mldgr incomes.. 10 11

65*2

66*2

Det

S6

98

Hoboken

100
107

100
112

Lcfc I gold 5s.. .1010

Mad Sq Garden 1st g 5s. .1919 M-N
Man Bch H L gen g 4s. .1940 M-N
Xewp Xe Ship D D 5s «T990 J-J
cfc

cfc

77
Mar'01
90 117

30

91*4

38

50

94*2
94*-2
10 90*2 100
X Y Dock 50-yr 1st g 4s.. 1051 F-A 94
Knickerbocker Ice (Chicago)
St Joseph Stk Yds 1st 4*2S. 1930 J-J 102
1st gold 5s
1928 A-0
95
St L Ter Cupples Stat'n* Prop
93 Aug'00
Nat Starch Mfg Co 1st g 6s 1920 M-N
100
Co lstg 4*2S .5-20 year. .1917 J-D
96 Oct '02
95 110*4
Nat Starch Co s f deb 5s. .1925 J-J
S Yuba Wat Co con g 6s. .1923 J-J
101 Feb'97
80 Nov'02
73
95
Stan Rope cfc T 1st g 6s... 1940 F-A
66 34 Sale
Sp Val Wat Works 1st 6s 000 M-S 105
74
113% J'ly'00
60
55
66 4
Income gold 5s
1940
10*2 11*2 10
11*2
U S Redcfc Ref 1st s i s 68.1931
85 D
6% 19
84*a 89%
TJS Leath Cost' deb g6s.. 1913 M-N 111
110*2 116*2
111 Dec'02
•No price Friday; latest bid and asked. aDueJan SDueFeb cDue Mar cZDue Apr g Due J'ne h Due J'ly fcDuo A-ig p Due Xov gDue Dec SOpti6nSaie
:,

1

"

1

BOSTON STOCK EXOa&ME-Stock
Monday

Saturday
Dec. 20

Wednesday

Tuesday
23

Dec. 22

Thursday
Dec. 25

Dec. 24

JDec.

82 % 83%
82% 82%
99
99% 99% 99%
259 259
259 259
259
258% 258%
* 153^4 154
154 154% 155 156
154% 155
238
233% 238% •238%. ...
*238»a 240
194 194
194 194
193 193% 194 194
•175
•175 ....
175
175
'300 ....
*3(>0
300
300
•152
152 154 '152
150 150
126
126
123
123%i*23%
200 *
200
200
200
•160 ....
•160
'160
160
280
*280 ....
•280
280
141 142 •141 142
142 142
141 142
-46
*46
•46
*46
43
48
48
43

83% 83%
99% 99%

82%
99%

82
99
259

STOCKS
tyidaxi
Dec. 26

CHRIST-

83%
99%
2.58%

MAS DAY

154
239

•194
Last Sale 176

Dec '02

Last Sale 30U

Nov'02
154

•152

126

*

Last Sale ?96%" Dec '02
Lost Sale 162
Dec '02
Dec '02
LastSale •i80
•141

Last Sale
Last Sale

49i<2

142
Sep '02

173^2

Dec

*35 34 36 4
36
35% 35% 35% 36
93% 93% 93% 93%
93
93 4 93%
•22% 23% •22% 23% •21% 22% Last Sale 22%
*2l% 22%

35% 35%

93

•231
'206
80

81

'103 3 ,

*24

25

78
105
98

»

98

80

i'0'4"

94 34

94

.rill

78
105
98'4

-94% 95
"111%....

•94% 95
111%112

'.

% 112

150

•19% 20
79

*5%

6

20

79%

6%

81

*5 34

80 %

6

80% 80 -a
6

6

128% 130% 126% 129% 126% 128%
125% 128
118% 118% 119 120\ 120 1 20 % 120 120%
162% 163% 163% 164 '7 163 4 164
101 34 162
1

,

1

13

12

77

77"

•12
78
•4

77% 77%

13

1

2

•84

87

*2

•84

"

22
9 34

110

*47%

"87

84

138

26%

'

1%

l a4

'

87
139

l 3,

110% 110 110%
-48% 49
4'J

26 5

'

,

49%

49

49

30% 30 34

30 58 30 34

31

26%

*23%
-1% 1 34
-1% l a4
110 1104 109% 110
•28%

29

L9

30% 30 34

"88% "88%
8 52%
84% 34%
8 '8 84%

52

52

'

35
84 34

i

-90

*

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22%

98*4

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96

99
101

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2

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85

c=4%

693a
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27% 28
430

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16

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16

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84

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113

2

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%

2

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l

4

2

4;

-75

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'

1'4

Last Sale
Last Salt

475

490

•10

17

17

17

Last Sale
Last Sale

51

51

23
3

'4

-1 34

1%
*

8

"a

111
**9l"

8%

-27

23%
8%

2%
L«i

9

144

8%

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8%

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8>4

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1 34

"1 58
9

3

13

21% 21%

<e

Vf
'4

1

1

i-

16' 4

68
25 % 26
'4

*3%

2
3

14

1%
Last Sale 4

1

123

Sep

1

•94

95

•94

'02

1

185% Apr
17% Jan

4
7

151
14

8034 Jan

2

%May

1

.

38

%
2%

I

5

1

1I0I1

108

108

2

2

1%

1 34

1', Saul;.

148

1

1

95

*94

95
9

8%

8%

8%

21%
L3 34

22 %
14

21% 22
13% 13%

25 »4

25 34

25

•8%

149

•

Last Sale

r.">

,

4%
4%

4%
4%

2

1

'4

14

25%
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59

69

•59

60

•59

I

•75

1

•75

75

8%
21%

11
2534

13%
25%

4%
4%

3
4

••75

Trinity

b Before pay't of assess'ts called

during 1901.

4

4%

22
14
4 34
1

60

1

dBefore pay't

nlteo

1

.

\\

-

copper

87>4Uit
sep

during 1902.

34 v J'ne
91 J'ne
."Mar
11

,

21 V

4

:"»

120%

83 J'ly
434 Oct
Pel)
Nov 140 Aug

Oct

20

Mar

39

2

3% Apr

Feb

93%J'nel6 88 Dec
Apr 30 127% Jan

151

Nov
Mat

ls'2'4

l%Dec

7

3

:,

4

9D
!

J

an

Apr

46

41% Sep

lo
J lv 21 198

250

10%Ocl 30
27

Jan

2

30

<)«•!

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2% Mario
Sep 22

117

57% May

1

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15 U Sep 22

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1

2

let

I

Mar25
4C, 4

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'.'7%

Jan 7
\prl5

7

\pr

Oct

Oct

Jan

9

Mar
Aug
May

Dec 110

j'ly 28 100

17,

9

Jan 225

.v.,

25% Dee 29
27 Jan 29
Nov
2
5
73

74

Jan

Mar
Mai

Sep 137

30% Feb 48% Nov
23% Jan 30 " Sep
Mav 16% May
9
1

3 % Oct

Dec

hi

S3
34

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Aug;

r

Jan
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Jan

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4

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33

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',.9'ntt

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2
9

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Dec

91

ne

Apr
Apr

Feb
Jan 31 39 Dec
Dee
Mario
3%
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50c* Dec

18
53

15 % Jan
v a _ 1
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Mai 6
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\pr23
Mar
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1

21 ', -Mar
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23
1

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1

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M
2

1

23 V J all
860 Mar
•22% Apr

10% Dec
8

Aug

13

May
Feb

Jan 8
2
2
1934 J'ly 26

1

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Dec

13%

Ja>»

1

'4

Xov

4

Apr 24

1%

510
4

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18% Mar

:

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6
60

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I

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7% lire
2% Dec

I'.'O
;

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9',

M
12
M

5

29

Jan

Novl2

T-

21% May
3% .Mar
Sep

11

1

10
10
25
25
25
25

MarlO

MO

25

101

I

10

25
i,"635

650
610

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Jan
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Dec
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1

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id 20

50

-Rid and asked prices.

Id

M

18

Sep
J'ly24

Dec 12
14
11

Dec

G2% De<
619% Jar

('.

VI ai

Jan
Jan

3

\pr

1

Jan
Jan

Dei

is:

I

1

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1

Mar 8

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1

1.900

1

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p
p

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5i'.', Si

1

Sep 2
13% Jan 11
Novl4
13
J "
1

Jan
.

6

20

1

IT
.No\ 17

390
2

Novl9

eb

;

1% Sep
1,905

Aug

1 34 J

Nov!.'

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Jan

o 622

2 10

21

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8*4

l%Jne

MarlO
.Ian 25

14%
872 47%

ieo

25

Dec

4

1

ne

'

Dei

2

Mario

1%

750
3
118 100

Ms

4
(M:i>4

•75

25
10
26
25

Dec
Xo\ 11
Mav
Jan 120

I

28
32

.1

3

5

Apr

18% Dec

Jan 14

,727

255

5

iec

1

11% Dec

-

6

3
7

is

Jan 23
Mar 1

15 3«

Dee Hi

12%
1% Sep

100

25

4

J'ly

1

50

;

\\oi\ erine

of assesw'ts called

Aug

MarlO
May 3

<

Wyandot

J'ne

48
155

Oct

8 153

I'.'O

Jan 2

6 14

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Apr
Apr
24% Apr

99

118»4

28

inlng v ir otfs
Unit States Coal <S mi 26
on ;Gold)tr re 485
tali
\ ictoria
26
1

1

60

1

:

Dec "02 Tnmountain

91

21%

60

'il

act
oumseli
1

-May

11

'^.">

i'.ii;old,feCop)

D

150

99

132% May

173%Aug

12

25

Quincy
Rhode Island

9%

13

1

Deo
Dec

Jan 20

'onsoL

Phoenix Consol

2

108

Deo

332%
41»4Nov?8

11

J'ly 21

15

I

109

61

Nov

Dec

5

i« k

1%
9%

Nov

April 12

MontanaCoal<$
Montreal & Boston..

4

95
89
120

147 120

I

4

J'ne

212% Apr

Nov
7
!ar2"
9% Feb
Jan 270 -Mar
9 217
Apr 9 184% Jan 288 Dec

Jan 17

10

LlV'.lll

•

i

231

400 •10

25
(

217% J'ne
73 Nov

May

85

21

5% Sep

rect s..

Sep '02 National
Last Sale ;%
1% LastSale 2%
Dec '02 old Colony
16>4 lid liniiiinion (Coin
16%
16%
isceola
54%
53%
54
26%
25%
Parrot! (SilvA Copp)
26

-•75

6
•40
2

Apr

70% Mai

6

L3034 Api-30
1% Aug20

1

I). a-

Dec

May

286
148

10

<>ld)

8

2

150

Co

%

Apr

165

25
25

dower

*105

8>4

45

!o)...

lee

J'ne-

2oo\Nov

Jan
Dec i,-,2> I'u»
Dec L30 J'ly
Jan L82 May

12

4

Nov! 5

1

1

250

oj ale 'i topper).
"IISOl

14

37 34
*

r

nato

14

11%
Jan

-'1
1

"3'4

9%

0%
145

1

2,00

Franklin

9

•7

38

'4

1%

109

13,
II '4

•16
•53 '4

4

1%

2

113

1',

106

108

a

1

••75

4*8

i

i

3% Jan

74

25

age Con Coloo
West
20
Dominion (Joal
loo
loo
Do pref
Elm River

39',

*2%
*lo%
13%
•1%

1

2

•37

nental Zlm

*2
9

3

1

1

•

39 %

9
;

7%
•37
5
4%
2%
2%

37%

145

•4%

:

'.,

1

176
307
162
135

3% Jan
Aug 33

Mav22 28
135% Mai 31 103
:i.

L06%Apr

.

Apr
Apr
Apr
Apr

20 Oct
79% Dee

J'ly 29

i'l

.Marll
Dee 15
I

6

10
25

i

l'%« 'on1

66

8

P

Dev

1

-.

1

1 13 16

2%

1%

1H

2%

15% 16
52% 63
24% 25

'10

1

•1

37

Mm

Silver)
unial

•

1

25% 26
•4 '8
4%
4% 4
68% 59

1

Jon

it

17%

30

'13% 14

•75

'all

t

-

2%

3

10

9

7"s

(

Cataipa

M'4

40

9
3

1H

'4

22
91

100

hi lolum (Ltd).
a
1. cla

02

1.

•10

57

10

•2

13

3m

paid..

1

Bonanza

490

485

<ale 16

2

126

1

3

348

25
25
25

la .

Last Sale 30
53

3

145

"»5"

1

1» 3 18 1 18 1

1 '4

2

24a

104

104

104

7%
36%

"204

Apt 02

.5

tj

•

'126

39

10

v

oadian

28% Bingham
•(in

490

89
127

"-'{'•'

I

1%
15% 15%

vi

-7

28%

10%

5

"*l"

/.mo Lead

Anaconda
'•:

\

113

5
2^4

Am

:

4

15
1 6 %
17%

'4

126

*2%

32% J'ly 29

I

ill

1 34

*38% 39
*1 78
9

25
LOO

100

pref.

7

126

Mar31
Apr28
Jan 3
Apr 3
217 Apr 4
85%; ~ep 10

1

72%

J'ly

Jan 173 Nov
Jan 45 J'ly
77 % Jan 96 J ne
13% Jan 29% May

'ne 6

.1

*2

i:'f

••M

13% 13H
*1%
1%

36

i>"

... e

Last Sale •37% Dec '02 Arnold

3
6

•10

12 J4

*4
2 34

100

'

29

3

460

57

90
31

Wi

7

13

12 34

36

e

•6")

6

10

7%

I

Dec '02 Weal End Land
22%
Wesl Telep &

4>4

'55

5

-

10>-„

7%

'.,

•80

J'nel2

254
175
238

i

23

';

7

29%

460

55%

50

190

248
200

178%J'lylO 166
45% Apr 21 24

'-2

1

1

100

MO

'•37% •50

"65

'

•9%

1H,

'1

1

100

*21 34

23

••37%

113 ie

L

Jau27
166% Feb 10
295 Feb 6
148 Marll

1

1

65 "a
3S 4
126
115

42
Mr.

M ar26

159% Jan
238 J'ly
189 Dee
Feb
1 68
297 Mav
143 % Jan
126 Jan
198 Jan
160 Jan
276 Jan
139 Jan

201 Feb
163 Jan
223 Jan
205 Jan
30 Jan
91 J'ly 30 70 Jan
125% Apr 23 87 Jan
25 Nov 3 31 J'ly 30
58 Jan 8 90 May 13 42 Aug
103 Oct 6 110 Marll
98 Jne
93%Decl2 113 Ang26 78% Jan
Marll 94%Aug29 82 Jan
a
172 Jan 15 178 J'lyl4 172 No\
92% Oct 4 99 Marls 92%.Jan
111 >o Dec 22 117 J'nel6 110 Jan
19% Jan 28 34%J1y29 17 Feb
39% Jan 28 55 Sep 4 40 %~.
Dec
145 Novl 152%Mayl2 150 Aug

.

*1S

65
38 '4

2

183
307
172
136
202

-

28%
55

3
6

•

1

4 10
19 Dec 15
22 A.mer Agricul Chem. 1 00
640 76% Dec 16
81
Do pref
100
-'30
4
Jan 21
6
6 Amer Pneu Serv
50
Do pref
21 J'uel9
50
ion 24,606 112%Novl2
128% 130% Amer Sugar Rerin
120
434 115 Jan 4
120
Do pref
LOO
163% 163% Amer Telep A Teleg.100 1,166 155 Mar 1
12
Dee 6
12% Amer Woolen
100 1,150 12
421 73 Apr 24
77%
77%
Do pref
100
10
3 34 May 5
4%
4% Boston Land
10
121
122% A pr 4
126 Cumber] Telep & Tel 100
58
59 34 Dominion con cfe St...
4,280 25 Jail 16
3
25
Novl2
7 4 Eas1 Boston Land
7
*265
10 24
Jan
267% Edison Elec Ilium. ..100
176
179 General Electric
200 171 Oct 13
100
si 36% Novl5
40
40% Mass'chusettsGasi loslOO
904 82 Nov 14
8 1 '1
Do pref
84 34
LOO
•179
180 Mergentnaler Lino. .100
50 17o Jan
Dec '02 Mexican Telephone..
Last Sale 2
% Dee 12
Dec '02 N E Cotton Vain lire! MO
87 Nov 13
LastSale8?
137% 137% N E Telephone
65 loo Jan 2
LOO
Dec '02 Plant Comp new com. LOO
21 Dec 1
Last Sale 21
Jan 7
228
228 Pullman Co
loo
16 216
3 Reece Button-Hole..
40
9 4
In
6 Jan 23
100 Jan 9
124
125 SWlft Sr CO
IOII
5
20 Oct 9
NoV02 Torringlou class A.. 25
Last Sale ?<;
"50 28 J. ui 23
•28%
Do pref
25
1 4 Angl6
Nov'02 Union Cop l.cl & Mlf. 25
Last Sale Z%
844 85%Jan 8
109% 110 United Fruit
...loo
50
50 United Shoe Mauli... 25
46 Jan 2
"30%
420 29 Jan 2
30 34
Do pref
25
Dec 'OJ U S Leather
11 vian 25
Last Sale 12
LOO
Do piel
Mo 100 Mi', Jan 22
ian
Nov'02 U S Rubber
Last Sale It
LOO
Do pref.
100 "iii'j 49 Jan 2
31%
35 "s U S Steel Corp
LOO 4,509 29% I" c 15
Dec 15
84"
Do pref
84%
100 1,656

Last Sa

50
•1 34

22% Dee

306 210 Jan 31
170 Jan 14
230 Jan 9
17 206 Dec 16
351 6S Mav-JO
7'.'%Mayl9
501 64% Dec 15

1

23
.1

28'

450

•15

MO%Nov29 209

171 Oct^O
297%.T'ne20
95 150 Sep 30
10 123 Nov26
196 Nov24
160 J'ne23
280 Oct 22
7o 141 Deo 18
47 J'ly25
172 Jan 7
330 33 Dec 12
82 92 Jan 13

30
2,140
213

Apr 8
Apr2S
Apr 2 6
Mar26
Mar26

J'nel3 248

1

60

3

76

149%Decl3 173% Marl

236

:,

1;

43*6"

4

3

:,

4%
1

28

•60

•10

99
•96
•96

100
50
50

401

20
81

23
3

95

6

l

•60

•60

34%
-90

22

Vermont & Mass
West End St

74% Jan 27 96% Sep 9 42 34 Jan 90%J'ne
497 95%Marl2 106 Sep 2 80 May 107% May
150 256% Dec 8 266 May 9 251 Jan 205 Apr

86% J an 11 L15% Apr 9
Dec '02 Westing 1:1 & Mfg... 50
89 Jan 29 117 Apr 9
Do pret
Dec '02
50
Mining
14
13»4
13
13% 13 4 CH KIST14 Adventure ion
26 1,153 12% Dec m d 24% Apr 28
Augl8 4 Mar 3
50
2%
2%
2 4 AUoaez
-8 - b M.\s DAY. •2%
25
34
58%
Amalgamated topperlOO 16,366 53 ig \ v 5
57% 59%
68
eli
60
2
......
2
Id Dn dg nig
1% .Nov 2
3 a4 Apr 8
Last Sale 2%
KToi 02 \>
5

2>,

*22
-31

4

•37%.

1'4
-

-22->i

58
"*6"

:••

•

23
993, Mil
•96 100
»98 101

23
LOO
101
101
13

r

8%

52%
36%
84%
-90

•

12i
2i

12% 12%
*2% 2%
57% 57%
»

:>.!',

-90

22 % 23
*95

:::.'•.

pref
71 Rutland pref
100
Nov'02 Savannah Elec com. .100
Dec '02 Seattle Electric
100
105
Do pref
100
99 Union Pacific
100
Do pref
100

Highest

Lowest

2,570

M

'

29

31

179

•2

*2°5
"*9%"*9 3 227 227 3
9 34
9 4
4
•123 12fl
'124%
124

124
26<%

28%
-1%

179

228

7

'

•123%.
;

57% 58%
"7% 7^
'265
267%
175% 177%
•40
40%
84%

138 h

87

28

126

124

'

137% 137 "s 138% 138 V

13

77% 78
•4
4%

78

1

-2

•12

%

•4
4
4 l4
iU
124% 124% 125 34 125% 124 34 124 34
57 % 5S
56% 59
56
56
*7% 7'4
7% 7% -7% 7%
267 % 267 Hi *265 267% 265 265
17b % 178%
175 175
174 34 17'>
40
39
40
38% 38 % 39
3
84% 84 4 •84% S4 34
84 % 84 4
180 * 179% 180 •179 180
-4

-20
•226

Last Sale 2.5
Last Sale 80
104%
98%

MO

Do

Range tor Precious
Year (1901

1

Highest

J-owest

Miscellaneous

25

25

H

81%

95

•19% 20

20

Kailron<l«
A ten Top * Santa FelOO
Do pref
100
loo
Boston <fc Albany
Boston Elevated
MO
loo
Boston & Do well
Boston & Maine
100
Do pre*
100
Boston & Providence 100
Chic June Ky & U S V 1 00
Do pref
100
Con & Mont Class 4. .100
Conn* Pass Riv pref 100
Connecticut River. ..100
FiteliOurg pref
100
Houston El' trie com. 100
Maine Central
100
Mass Electric Cos. ...100
Do pref
100
Mexican Central
100
X Y N <fe Hart.... 100
Northern N H
100

111% 111%
Do pref
La tt Sale 27% Oct '02 Wisconsin Central. ..loo
Sep *02
Do pref
I^ast Sale 55 %
100
Wore Nash & Roclu.lOr

350

20
78

*5%

71%
25

".04

104

104
99

207
81
•80
•70

1

94% 94%

*19
78

25
78

Shares

Nov'02
Nov'02 Norwich & Wor pref MO
207 Old Colony
100
81% Pere Marquette
101

LastSale 232

99
99% 98
99%
92
92
92% 92 4 92% 93%
174 ....
174%174% 174

•91% 92%
»113%...

71%

71
•24

Dec '02

225
Last Sale 175

207
80
80

207
80
80
*70
• 24

80
80

80

25
78
105

226

225

231

231
207
80

81% 81%
70% 72

81% 81%
63% 63%
*24

225% 225% 226

225

224 34 225

•()•_'

36
93

l

93 %

*206
*80

258%

154

239

1

the

Week

EXCHANGE

83%
99%

Kanye Since January
1902

Sa les
or

BOSTON STOCK

)

Weekly and Yearly

Record, Daily,

Share Prices— Not Per Centum Prices

4

1

1

.

I

Miu

Assessment paid.

J

I

rb
-

4

5

DlOKHBEB

Dec 26

984

MS

Atchcfc Nebraska 1st 7s. .1908
Atch Top & S Fe een g 4s. 1995 A-O
Adjustment s 4*
J'lv 1995 Nov
1907 j-n
Boston <fe Lowell 4s

Maine4'-js
1944
Improvement 4s
..1905
Bost & Mon 3d issue 7s... 1904

J-.T

FA
N
FA

BostUnGaslst 58 tr rects-1939 J-J
1939
1918
1918
1910

6s

Sinking fund 4s
Butte & Boston 1st 6s
191
Cedar Rap <fe Mo R 1st 78.1916
2d 7s
1909
Cent Vermt 1st g4s..Mavl920
1903
Chic Burl <fc Q lst7s
Iowa Div 1st 5s
1919
Iowa Div 1st 4s
1919
Debenture 5s
1913
Denver Exten4s
1922
Nebraska Exten 4s
1927
B<fe SWsf4s
1921
Illinois Div 3 4s
1949
Joint bonds See Gt Northern
Chic Jc Ry & Stk Yds 5s .1915
Coll trust refunding g 4sl940
Ch Mil & St P Dub D 68. .1920
Ch
& St P Wis V div 6sl920
Chic & No Mich 1st gu 5s. 1931
Chic &
Mich gen 5s.. ..1921
Concord <fe Mont cons 4s. .1920
Conn & Pass R 1st g 4s. ..1943
Current River 1st 5s
1927
DetGr Rap&
1st 4s... 1946
Dominion Coal 1st 6s
1913
Eastern 1st gold 6s
1906
Fitchburg4s
1904
1927
4s

M

W

W

104 Apr '02
115 4 Aug'01
98»4
99
77
75 4

\l

Boston Terminal 1st 3%s.l947

2d 5s trust receipts

984 9S

119 Dec'Ol
1064101'' 100^ 100 34
89 % Dec '02
104 4 Apr '00
126 34 Apr'01
99% Jan '02

.

<fe

98

Sale

98

99

J-J
J-J
J-J
J-J

Sale

119"

A-O
J-D
Q-F

A-O
A-O
M-N

FA

M-N
M-S

96%
107 34 Sale

J-J

39
20

127%
126%

J-J
J-J

85

90%

19 101

104 34

4

104%
10741084

102

A-O 103

1«

108%
100%
98% 102%

10734

105% 110
97 101%
127
127
108

109 % Mar'02
115 Apr '02
103
103

Sale

107% 110%
109% 109%
114% 115
103 107%

99- Dec '02
Dec '02
107% Dec '02
100% Mar'02

99%

Oct

'02

94 14
93%
92% Dec '02

1921 Q-J

110

100% 100%
11041114
135% 139

135% Nov'02
136

1314

101
111
107% 111

IIII4 May' 02

Sale

132

98
109

110

109

Note— Buyer pays accrued interest in

101

100
106
99

127% Dec '02
Dec '02

J-D
A-O

A-O

Mexican Central cons

100

138

136
23

92% 96%
92% 96%

addition to the purchase price for

all

Share Prices — Not Per Centura Prices
Mondaii
Dec 2 J

70% 70% •70
»

25% 25%
42%
•13% 13%

71

•70

26
42% 43
*13% 14

25 4
42

13

>%

2?.34

7%

33 34
69

b

13% 13%

26

26

26

834
34*4

8
34 14

70

694
36% 37%

36% 37

8%

36
70

26

26

70

70

37

37%

35% 394
70
70%
37 4 37%

26

7% 7i% 6
34% 35

26

9%

8

01

264 26%
8% 9%
39%
714
37% 374

38
70

>

*4

45

77%77i%e
45% 454
8% 8%e

45

77% 77 34
45% 45%
8% 6 84
164 164

a
>

77 4

76^4

45%
8% 84

45

8% 8%
16% 1634
164 164 *16% 164
31%3113 18 31i% B 32*4 31% 6 3U»i8
SO^ie 31%
•43
43
43
43
434 43
38% 38% 384 38% 38 4 38 3j
45 34 46
4534 46
46
46
45% 46
11041114 111% 111%
11041104 111 111
,

'

29

*

PHILADELPHIA

Bid

Inactive Stocks

American Cement

Amer

Iron

&

Steel

10
50

American Railways. ..50

.8%
52

Bell Telephone

50
Cambria Iron
50
Camden Ac Trenton
10
loo
Central Coal & Coke.
loo
Preferred
50
Consol Trac Pitts
Preferred
50
Danville Bessemer. ..14

Diamond State

8 34

52%
73

46%

Elec

9%

9

Man&

Fair. .50

Preferred
50
Indianapols St
100
Inter Sm P & Dynam..50
Lit Brothers
10
Little Schuylkill
50

MinehiU & Schuyl H..50
Nesquehoning
50

N Haven Iron &

&

Lehigh

RRs

tr ctfs

Ry

Nav 44s

4s. 1933
'14. Q-J

4s g

M
VC
V

10%

51%
109

1204

Warwick Iron & Steel. 10
West Jersey & SeaSh.50

5
71

Westmoreland

80

282
50

Penn

& Md Steel

eon 6s.

Pa&NY Can 7s '06. J-D
Con 5s 1939
A-O
Con 4s 1939
A-O
Penn steel 1st 5s '17 M-N
People's Trtr certs 4s '43
P Co lst& col tr 5s'49 M-S

Bid and asked prices; no sales on this day.

||

105
100
102

10434

98

98 4
117%

••"
ii'i"

L03%
108
108
114
121

Lowest

is

M

4sgl920..A<feO

Ph <fe Read 2d 5s '33. A-O
Con M 7s 1911
J-D
Con M 6s g 1911.... J-D
1254
52
Ex Imp M 4s g '47. A-O

122
...

ib'i"

91
109
103
117
106
118
115
108
112 4
99
10434 1054

1104 in

ex-dividend

Con M of '82 4s '37..I-.T
Terminal 5s g 1941 Q-F

W

105
105

107% 107%
109 34
107

106
104

100%102 34
123% 128%

'02

Oct

104

105
103

Nov'02

104%

104

107

105
100
102

J'ne'02

Mar'02
97 4 Aug'02

100
98
106

98
97
105

101%
103%

97% 97%
104% 107

Dec '02

10834 J'ly'01

102% Nov'02

102%103%

10234
109
100
101
108

Sep '02
Oct '02

100

J'ly '02

107

113%
107%111

102 34

Dec'02

109%

Sale

13
...

119% 119 34

104%
87% J'ly '01

104%
119 34

Mar'02

and asked.

108

104% 104%
103% 103%
103% 106%

104% Aug'02

104%

100

100% 101

103 34 Oct '02

U Trust Co.

ctfs.

Weekly, Yearly
Range

lor Drevious
Year (1901)

1

Highest

Jau 65% J'ly
884 Jan 1064 Dec
9% Jan 304J'ne
24% Jau 54% Sep
14 Dec 184 Mar
58

Mario

1

17

Apr 28

%Dec
%Apr

Mayl7 294 Sep 23
Dec 12 36 Apr 29
Dec 13 80% Apr 29

23
6

33
65

1534

Mai

2

20 4 Dec
40 Feb
62 4 Jan
28% Jan

5'% 6 Oct 3
1% 6 Feb 7

3% Dec
%Dec

Nov 12 79 34 Sep
29% Novl4 38% Jan
3
Sep 15

Highest

Lowest

17

Oct 13

13

%

9

2% Jan
3 Mar
8

31%J'ne
384 Apr
80% J'ly
79% Apr

39% May

7% Jan
8% Feb

1,065
4,318
9,745

Bid

95
108

.

& B col tr 4s '21. J-J
Rochester Ry con 5s 1930
S R E Side 1st 5s g '35 J-D
U Trac Pit gen 5s '97 J-J
Welsbach s f 5s 1930. J-D
P

102

1
Jan 16 Feb
% Sep 13 2% J'ly 9
73% .Ian 14 85 Sep 4 69 May 81 Apr
43% Dec 12 50%Apr30 40% Jan 54 14 May
3% Jan 27 9% Sep 19 4% Dec 8 38 Feb
600
8% J'ne26 18% Oct 1
54,Oul 26 4 Marll 393,8 Sep 3
28% Dec
L 2%Jan
47 40 Mar 6 45 % Sep 3 34 4 J an 41% Dec
19
Jan 32 % Dec
1,528 30 Jan 14 10% 6 Sep 10
1,384 32 Jan 6 48 a4 Oct 3 24% J'ne 37 Jan
713 1014 May28 126 Feb 8 113 Sep 1284Jan
24 Jan 31 40%May29 35 Dec 55 Apr

PHILADELPHIA
GenM

1

Dec '02
Apr '02
Feb '02

1244 Nov'02

2% Feb

Phil Elec sold trust ctfs.
Trust certifs4s
P & E gen
5 g '20. A-O

Nat Asphalt 5s 1951. J-J
6
New Con Gas 5s 1948 J-D 106 4 ibs

49% 50% Newark Pass con 5s 1930
92
NY Ph & No 1st is '39 J-J
95
Phila Co (Pitts) pref.. .50
Income 4s 1939... M-N
48%
Phil German &Norris. 50 169
1714 No Penn 1st 4s '36. .M-N
Phila Traction
GenM 7s 1903
50
97 4 97%
J-J
Railways General
10
4% 44 Penn gen 6s r 1910..Var
Susqueh Iron & Steel.
Consol 6s c 1905... Var
2% 2%
Tidewater Steel
Consol 5s r 1919... Var
10
4%
United N J RR&C..100 281
Unit Pow & Trans
25
49
United Trac Pitts
50
Preferred
50

88
104

Mar'02

Oct '02
Oct '02
Oct '02
May'01
100% Oct '02

106
104

%Sep

Ask

Consoles 1923
J-D 121
Annuity 6s
J-D 134
Leh V Trac 1st 4s 29. J-D

Pennsylvania Salt
50
Pennsylvania Steel. .100
Preferred
100

"

110
90
105

1st 6s '10. J-J

1914. Q-F
Gen
4 4s g. 1924. Q-F
Leh
1st 5s g '33.. J -J
Leh ext 4s 1st 1948 .J-D
2d 7s 1910
M-S

63
65

North Pennsylvania.. 50 108

Peo Tr stk

4 Elm & Wil

Indianapolis

"47"

Steel.

Coal... 50

119

Income 5s
2862. A-O
Eq II Gas-L 1st g 5s 1928
H & B Top con 5s '25 A-O

86

83
03

84%
22% 35%
20% 24%

Dec '02

624 Jan 28 74% Sep 18
Jan 7 125% J'ly 29
23% Dec 12 34% AuglS
404 Dec 15 55%Augl9

50

44 MarsdenCo

(

Preferred

Hestonv

Al Val E ext 7s 1910 A-O
Asphalt Co 5s 1949 tr ctfs
Atl City 1st 5s g '19. M-N
Balls Ter 1st 5s 1926. J-D
Berg<fcEBrwlst6s'21J-J

Che& D Can 1st 5s '16 J-J 51
'hoe & Me-1st 5s 1949 J-J
115%
Ch Ok & G gert 5s '19 J-J 110%
Ci1 sr Rv(iiid)con 5s '33
Col St Ry 1st con 5s 1932
1% Con Trac of N J 1st 5s. '33 107
3% E & A 1st M 5s 1920 M-N 1124

Steel

lOO
German town Pass
50
Harrison Bros pref... 100

Bid

Bonds

Bethle Steel 6s 1998. Q-F

Preferred

Easton Con Electric. .50
Electric of America. ..50
Elec Storage Batt....l00

PHILADELPHIA

Ask

118

104

pref
50
50 2,117
Cambria Steel
Consol Lake Superior.. 100 31,119
100 11,887
Do pref
Lehigh Coal & Nav
50 1,478
Lehigh Valley
50 4,99z

100
*%
50
% National Asphalt
*% 1
Do pret
50
Pennsvlvanla RR
77 4
50
77
45% 45% Pliilanelp'a Co (Pittsb) 50
8% 84 Philadelphia Electric. '."'
*16% 16% Phila Rapid Transit ... 50
50
311%6 32% Reading
*43
Do 1st pref
50
43%
3834 38%
Do 2d pref
50
50
45% 46 Union Tracton
50
111% 111% United Gas Impt
28 WelsbachCo
100

CO

77% 77%

12 8

Do

CO

97%
115%
105%
130%

118
73

83
104
102 4 102
104
105
104
107 34
106
104
112

102

Lowest

Shares

American Alkali

w
»
M

99%
111

J'ly '02

190?

1,354
1,105
3,700

Northern Central

126

98
84
108
110
104

22i«Dec\]2
21%J'ne'02

the

100
50

71
119

'%

%

75

Daily,

Philadelphia

'%

12S

II434.

Week

Stocks see below)

Baltimore
Consolidated Gas

112
12 121

105 4 Mny'Ol
118 Sep '02
73 Dec '02

Range Since January

Sales
of

'

90 Dee '02
1104J'ne'02
110 Dec '02
104 Oct '02

latest bid

;

Deo' 02
121

99% Dec '02

J-J

Friday

100
25% 25% Seaboard Air Line
Do pref
100
42% 43
*13% 134 United Ry & Electric. 50

71
'115

25 34

42%
13%

No price

(For Bonds and Inactive

Friday
Dec 'id

71

71
115

U15

115
26

112
121

115

FA

ACTIVE STOCKS

Thursday
Dec 25

Wednesday
Dec 24

Tuesday
Dec 23

High Ay Low High,
101% Dec '02 "3 101 102
101% 101%
100% 102
132% J'ne'02
132% 133 4
103 106
l03%Deo*02

123

J-D

M-N
M-S

J'ly
lstconsinc3s
J'ly
2d cons inc 3s
Mich Telep cons 5s tr rec.1929 J-J
Minne Gen Elec con g 5s 1929 j.T
New Eng Cot Yarn 5s 1929
1906 A-O
New EngTeleph 6s
1907 A-O
6s
1908 A-O
6s
1915 A-O
5s
1906 J-J
N Y&NEnglst7s
1905 J-J
1st 6s
1 924 F-A
Old Colony gold 4s
Oreg Ry <fc Nav con g 4s. .1946 J-D
1922 F-A
Oreg Sh Line 1st g 6s
Repub Valley 1st s f 6s... 1919 J-J
1902 M-N
Rutland 1st 6s
Rutland-Canadian 1st 4sl949 J-J
Savannah Elec 1st cons 5s. 1.952 J-J
1930 F-A
Seattle Elec 1st g 5s
Torrington 1st g 5s
1918 M-S
Union Pac RR & 1 gr g 4s. 1947 J-J
1911 M-N
1st lien conv 4s
United Fruit conv gen 5s. 191 M-S
1903 M-N
Vermont & Mass 5s
West End Street Ry g 5s.. 1902 M-N
1914 M-S
Gold4%s
191 M-N
Gold debenture 4s
1917 F-A
Gold 4s
Western Teleph & Tel 5s. 1932 J-J
Wisconsin Cent 1st gen 4sl949 J-J
Wisconsin Valley 1st 7s. .1909 J-J

Boston Bonds.

January 1

A sk Low

101
101

A-O
A-O

Exchanges— Stock Record,

Philadelphia and Baltimore Stock

Saturday
Dec 20

4s.. 1911

Since

or

105

J-J

A-O

83
99 % L R & Ft Sm Id gr 1st 7s.. .1905 J-J
56
82% Maine Cent cons 1st 7s. ..1912 A-O
1912 A-O
117%121%
Cons 1st 4s
105% 105% Marq Hough & Ont 1st 6S.1925 A-O 118

127
108

,

Last Sale

Jan 1939
Ian 1939

M-N 106
Nov'02
J-D 107% Sale 1074 107 4

MS

104

99

98% Nov'02

A-O

Range

Dec 26

Mar 1934 Spl
Income 6s
Kan C & M Ry & Br 1st 5sl929 A-O
Kan CSt Jo & C B 1st 7s. .1907 J-J

99% 99%
104

96%

107 %

J-J

99»4

Range

Week's

I'rice

J^Yiday

-1%

Bid
deben 5s
1910
Non-convert deben 5s... 1913
la Falls* Sioux C 1st 7s. .1917
Kan OClin<fc Sprlst 5s. ..1925
Kan C Ft s &GuIt 1st 7s. .1908
Kan C Ft Scott & M 6s.... 1928
1934
KanCM& B gen 4s
rilinois Steel

J'ne'01

Sep '01
1251s Aug'00
87
86
86
Sale 101
101
110 Apr'01
103% Oct '02
108 >4 Oct '02
100
100
106 Dec '02
99% Nov' 02

86
101

J-J

1

103%

89%

Oct '02

99
100
138

M-N

January

100

1171s Dec '02
1054 J'ly'02

'.'.'.'.'.

M-S
M-S
M-S
Fremt Elk& Mo V 1st 6s. .1933 A-O 135
Unstamped 1st 6s
1933 A-O 135
Gt Nor C B & Q coll tr 4s 1921 J-J
94%
Registered 4s

5,=
>

-5

since

High NO Low High
984 13 98 100
984 29 98
99

Ask Low

Bid

J-J
J-J

BONDS
BOSTON STOCK EXCH'GE
Week Ending Dec 26

Mange

Week's
flange or
Last Sale

Price
J-Yi flail

Am Bell Telephone 4s 1908
Am Telep & Tel coll tr 4s. 1929

Bur & Mo Riv ex
Non-exempt 0s

1393

Boston Bond Record

27, 1902.]

BONDS
boston stock exch'ge
Week Ending Dec 20

Boston

6
1

.

118
107
128
122
115
108
108
124
106

BALTI MO BE

Ask

Bid

Chas Ry G & El os '99 M-S

100%
68%

Cliarl

C & A ext 5s. '09

Ask
90

J-J

1910 A-O
2d 7s
Al- Sublst5s..'22 J-D
City& Sub(Was)lst 5s'4s
Col&GrnvlstOs 1916J-J
Consol Gas 6s... 19 10 J-D
City

130

1939 J-D

5s

Ga& Ala 1st con 5s '45J-J
Ga Car & N st 5s g '29 J-J
Georgia P 1st 6s... '22 J-J
GaSo & Fla 1st 5s 1945 J-J
1

113

99
121
113

4
114%
1114
113

G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 .M-N
Knoxv Trac 1st 5s "28A-0
LakeR El 1st gu5s'42M-S

110
67

BALTIMORE

MetSti\Yash)lst5s 25FA
Got Duck 1st 5s.
-

Inactive [Stocks
Atlanta & Charlotte. .100
Atlan Coast L (Conn)lOO
Canton Co
100
Georgia Sou & Fla...l00
1st pref
100
2d pref
100
G-B-S Brewing
100
Ml .Vernon Cot Duck
Unit Elec L & P pref .50

Mt Ver
160
310

99%

Incomes
Orl Gas 1st 5s.. Var
Npt N&O P 1st 5s'38 M-N

New

325
101

47

99
75

12%
36

12

4

"38"

Bonds

& Pot 5s
1st 7.. .1907 J-J
Atl (.least L(Ct)ctfs 5s J-D
Ctfs of iudebt. 4s.... J-J
Bait C Pass 1st 5s '11 M-N

Anacostia

Atl& Oh

99 100
113 4 114
115 116%

Norfolk St 1st 5s '44.. J-J
North Cent 4 %s 1925 A-O
J-J
6s 1904
J-J
Series A 5s 1926
Series B 5s 1926.. ..J-J
Pitt Un Trac 5s 1997. J-J
Poto Val 1st 5s 1941. .J-J
Sec AvT(Pitts) 5s '34 J-D

A-O
Sav Fla&West
Seaboard A L 4s 1950 A-O
Seab & Roan 5s 1926. J-J
South Bound 1st 5s. .A-O

114

119
120

5s '34

107 107% UElL&Plst44s'29 M-N
Fundg 5s. 1916 M-N 122 122 4 Un Ry & El 1st 4s '49 M-S
J-D
Exchange 3 %s 1930 J-J 1094 110
Iucome4s 1949
Refunding 3%s 1952 J-J 114
Va Mid 1st 6s 1906. -M-S
Bait & P 1st 6s m 1 1 A-O
2d series 6s 1911. ..M-S
Balti

83%
ill's

84 4
95

66%

1

'

1st 6s tunnel. .1911 J-J
Ball Trac 1st 5s.. '29 M-N

No Bait Div 5s 1942 J-D
Convertible 5s. '06 M-N
Central Ry 6s... 19 12 J-J
Consol 5s. ...1932 M-N
Ext<V Imp' 5s. 1932 M S
('hasl'ilv

Ky

1st 5s 23.1

-.T

116

117

120
100 4 101 4
1191,

117"

115
105

3d series 6s 1916. .M-S
4th ser3-4-5s 1921. M-S
5th series 5s 1926. M-S

Va (State) 3s new '32. J -J
Fund delrt2-3s 1991. J-J
ii9" West N (' con 6s 1914 J-J
WesVa C&P 1st 6g'll J-J
iio" Wil & Weld 5s. .1935. J-J

115

—

——

3

*

2

THE CHRONICLE.

1394

Gas

Volume

of Business at

TRANSACTIONS AT THE
Week ending
Dec 26
1902

Stock Exchanges

NEW YORK

STOCK EXCHANGE

Stocks

Railroad &c

Bonds

Par value

Shares

689,958

Monday
ay

Wednesday

65,803,300

Friday

2,282,000

Exchange

$18,000

$25,000

$25,000

$9,856,500

Week ending Dec 26

Sales at
A eiv i ork Stock

January

$18,000

Dec 26

1 to

1901

1902

BONTDS

$18,000
25,000
9,856,500

Total bonds

$3,000

869,759,650

2,50

986.651,900

$990,993,270

SS74, 784,050

$12,920,000

399,500

DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA

EXCHANGES
Philadelphia

Boston

We<

Dec 26

Listed

Unlisted

Bond

Sha res

iyi)2

sb,ares

sales

7,333
18,842
15,293
15,443

Monday
Tuesday
.

.

Friday

7,884
20,637
14,875
6,893
10,307

i'4

901

DAY

ol Outside

Weekly Revieiu

Street itailwsiys

$277,987

Street Railways

Ask

Grand Rapids Ky

CITY
Bleeek st & Ful F stk 100
i-.i
1st mort4s L950

35
100
247

37
101
251

B'way <L iii Ave stk. 100
100J-2 101
let. mort 5s 1904. ..J-D
-J
107 Hj L09
2d mort 5s 1914
Excn list
5s 1943 See
114
IV way Suit 1st 58 gU 1924 U12
i

J

.

M

Ask

Bid
100
100

49
94

51

Preferred
97*2
Indianapolis St Ky
Phila list
20
J C Hob & Paterson..l00
19
4s gNovl 1949.. .M-N
77
78
Lake St (Chic) El stk. 100
8% 87e
J-J 8
1st 5s 1928
LOOVi
LouisvStRy5sl930J&J 8116 1 17 "a
Lynn& Bos 1st 5s '2
8112
Minneap st By 5s s
Excli list

1011-2
2d is in t as rental 1905 8101
'275
Ceni'i Crosstown stk. 100 205
loo
1st
Os 1022
M-N 8123 126 New Or) Bys Co
loo
Preferred
Cen Pk & E Riv stk 100 210 215
St stk 100 185
1952
I-.I
90
4>gS
Chnst'r& 10th
North Chic Str stock. 1 00
Excl) list
Col<&9tnAve5
120
110
Dry D E B & Bat St)
North Jersey St sto<
117
1st sold 5s 1932.. .J-D 114
104*2
F-A 103
4s 194s
M-N
Scrip 5s 1914
Ho Pat Ry con Os 1931. .J-D
Eighth Avenue stock 100 405
2d Os 1914
109
Seri}) Os 1914
F-A 105
A-O
1 10
100
42d& GrStFei
loo
70
75
Preferred
42d St
& St A <
'mi 5s 1930
12
1st mort Os 1910. ..M-S 111
See Phila
2d
.1-1)
2d Income 6s 1915. -J-J
lc Exe
So s.dc El (Chic) stk. loo
Lex Av it 1'av P 5s
Syracuse Bap Tr 58 1946
stk E
Metropo) Securities See
Stk E S l.sl Toledo Bys eft Light
Metropot Street Bj
UnitRys(S1 L Trans) 100
Ninth Avenue stock. 100 19
:05
Preferred
Second Avenue stuck loo 212 217
LOO
Gen Is L934
106
1st mort 5s 1909. .M-N
119
Unit BysSan Fran Si
Consul 5s 1948
F-A
suii icripf ions
ISO
Sixth Avenue stock., loo 175
100
Sou Boulev 5s 1945.. J -J §lll»a L2H; West Chicago 81
Cong 5s 1936
SoFer 1st 5s 1919.. A-O 8108
M-N
Third Avenue See Stock Kxcl) list
.

Emp & Bay State Tel loo 78
47
Franklin
100
Gold & Stock
100 120
412s, 1905
Hudson River Teleph 100 101
New Eng Telephone See Bosto
Northwestern Teleg...50 122
N Y & N J Telephone 100 102
5sl920
M-N 8109
80
ic & Atlantic
25
Providence Teleph "lie. 5li f 115
Southern & Atlantic. .25
95
2V
Tel Tel <fc Cable of Am. 15

13^

N

112

173

Edison El 111 ink 4s N Y
Hartford (Ct) Elec LtlOO

NY&QE1

176
Excl

i

Li-PowColOO

Brooklyn Ferry stocklOO
13
10
NY<fo B lst Os 19.ll.J-J 110 113
Con 58 1948 See Stuck Exch List
N Y it E E Terry slk. 100 75 80
1st 5s 1922
94
M-N 8 92
N X & Hoboken stk.100 75 77
Hiibl'y LSI 5S1946M-N 8112 >2 114
Con 5s 1940
s7
SO
J-I)
N
lst58 L946.J-J 102
L05
05
10th & 23d Sts Ferry 100
1st mort 5s 1919. ..J-D 8105
Union Ferry stock.. .100
40
41
lst 5s 1920
90
M-N 95

Y&N

.1

14>2

M

1

79
102

I

Income

30
81
8125
8100

130

N

100>g

Pitts

107
102

sik

81

84 J*
Excli

lisi

83

108

5s

&

Bank Note

104
245

BklnQCo<& Sub See stk Exch
Bklyn Rap Tran See SI k Exch

H7«8
400

nw; EL

list
list

J-J
Ret g Is 2002
Coney Island* BklynlOO
J-J
1st 5s 1903

BB& W

6scrttsindbt. 1903. .J-J
N 5s 1939.J-J

BrkCA

GrSt&Newlst5s'06 P-A
ct Lorimer St Lst Os
llevated
Co,
lst 4s 1949 See Stock
Nassau Elec prel
100

Gr'pt

Kings

—

i

A-O

5s 1944
1st 4s 1951

J-J

Wb'g&Elatlstex t>ss.
Stein way 1st 6s 1922.J-J
OTHER CITIES
Buffalo Street Ky

Gas

8

p

siock

,s,

<t East KiyerGas
1st 5s 1944
J-J

107
108

OTHER

<

i

i

1

i

s

1

,

st 5s

':;:;..!

-

1

>

111

8

Detroit United Uv.sv, stk Exch

Buyer pays accrued

list

interest.

B'orl \\

1

>a

95
n

list

10

t

Hudson

ayne 6s

i

31

fas LOO
925. .J-J
i

u,

42

Gas<S Elec BergenColOO
Grand Rapids Gas—
i9l.,
1st 5
F.A 8102
50
Hartford (i it) Gas
Hudson Co Oas
100
40
i

Bril

99 if,
LOd
105

1

111

Price per share.

M-N noi
—
M-N

Sale price.

47
LOO

100

1

Ol

49

i

Cop

'iilimi

'ainilen

See

t

1

.and

I

89

I

I

102

L49

45
102
5
4H)
21*2

79

72',
Is

104

<

i

104 \

Cons By l.tL-A Bi
ol Rubber
Debenture Is

i

49

a

Ex rights.

Ci

',

s
lo's

±u\

40

t

102 1a
20
92'-i

29

26

98 "a
33 m 34
88
SO
140 150
6

t

6H)

33
15

38
20

114
130

116

9

I

oo

H

10

H
'

156
4

6

41
loo

100

46^

50
loo
loo
loo

ed

1

40

2S

:,

s

so',

Pitts Plate Glass
Pratt .'v Whitn ).iet..ioo

LOO

210
inlOO

120

i.ioo

10

;o:

1

Russell ,y Erwin.
Safety Car Heal & Li LOO

63
107

5

'

1

',

Simmons Haidu cum loo

100

loo
loo

red
2d preferred

142 W
2-0 310
Singer Mfg Co
8>9
Standard Milling Co. 100
7
loo
29
Preferred
27
70
79
6s
Standard Oil of N J.. LOO 688
40
Standard louplei com 100
36
Preferred
100 134
a
1
Storage Pew er
50
Boston si k Exc h'gc
lo.i
i-i 5a r.uo mi
].j 8105
is',
17 V
Tennessee Copper
26
SO
Texas .t- l'acilic i'u,,
75
\-(i ;loi;
LO
lst (is 1908
Guar<S Tr(new ilOO 500 520
I

I

is
10

Co

Title Ins

"l

,N

on

i

itch

\

119

121

62

&

Signal

st preferred
2d preferred
s cotton Dock
U s Envi lope can
Preferred
S Bedui US Bi

100

IT. I'll

t

60

\

'

"i p

6a

I

6»4

7
1

10

13

20
>s

\\

96

10

1

20

i

LOO

i.
red
linn Coal
i

A Coke. 100
M-S
L949 ells

on

aii D(

est in)
..i

9
12
1

While K

w

85
L00"a

LOO

L).

\\

I

inning

i

1

70>tt

00

ioo

Prel

ire.. 100

ii'J's

Lss)

u hell ISSUI n

Universal Tobi
\ a

65

20

73
t.

S

on
1',

20
TO

Coltr5aSerB&D

95

65

S

8

10

LOO

eili

Lvei

6

LOO
LOO

s Shipbuild'g (* h

70
1

L05
120
125
125

loo

Bd

170
LOO

92
90

85
Lao
20
120

i

15

l.o

~'^

fypewi com

ii

3

1.1

90
75

87
70

Preferred

05

'

1

jo

"I'l'ii

i

s«

t

t

2

1

imii:

100
25

..loo

\

rentonPotterles com 00
Preferred new...
Trow Directory new. .100
t

i

1

Li

i

[

115
loo

10

1

42

1

Procter & (iambic..
Preferred

130
1

I'.

88
32*
50

i

100

burgCoal

i

:

O'v
9".

t

10

42
98

f'.ost

20
100
Celluloid :o
'mi Fireworks com. LOO
Preferred
loo
loo
Central Foundry
100
Preferred
Chesebrouglt m a !o loo
Bl 100
100
2d preferred
loo
Common
oal&Ipl loo
I.J
I8tg5s 1917
loo
Compi
Consolid lax [eating LOO
Culisol lllew 'kS Cum. 00
100
Preferred
i

i.

L35
19

1

i

300

I

i

(.as

t

8

i

f

6S g 19 19
Indiana Nal A;
1st lis 1008

,

i

77
Lisi

|

&

25
L80

-

sua.'.

1

55
4

I

o

Typefo'ra com... 100
Preferred
loo
r writing Paper, loo
Preferred
5s 1919
Harney e. Sin Car
loo
1'ielel red
100
Bliss Company com
60
Preferred
50
BondiS M1
Borden's ond Milk.. 100
Preferred
100

list

53
lO..

4

-

I'relel led

38
98

!

1

pi

Am

CITIES

Light & Tract. 100
Hired
100
Baltimore Consolidat See

50
102

Bonds 6a
F-A
Unci Tobacco com... DO

i._

1

1

l

Am

Amer

10
95

100
loo

1

American

a1

90
360
100
Ball
100 100 Hi
114
110
LJinghamton fas 5s 938
92
103 hi
Boston U nitiu las bonds Bos to
105
107
7
Buffalo City Gassto*
1st 5s 1917
\
74
Exch list
Judas See N Y Slk Exch
85
Cincinnati Gas
115
113
Col Gas L & in .a comlOO
88
89
105
100
Col Gas lsi 5s 1932 J-J 5
.a-,
\ J) stk. 100
8116 119
17
J.J
88
Consum Gas (J City)—
1st Os 1904
M-N 8100

1

lst

'r,

i

250

I

Silver

dor com
Preferred
Pittsburg Brewing.

1

5^4

t

Am

2d

95
•>4

GrapliO]

1

list

112
8108
Nor Un 1st 5s L927.M-N 8 105 "a 10?
Standard Gas com
140
100 130
Preferred
15 5
100
15
lst 5s 1930
M-N 8115>s US

I

wn

Excli

aled

refei red
10
Aaier Press Assoi 11. loo
Amer Shipbuilding... 100
Preferred
100
Soda Fouu com. .100

109

..J.J

ha

N V

lstconsol 5s 1931. .F-A i 11 ', 113
Deb Os 1917
\
;ioo'..
Chicago City Ky stk. LOO 205
Chic
uionTrac Set
Exch
Cleveland City Fly
oo
13
Cleveland Klectr By. loo
Columbus (()) .st Ky.. LOO
56
60
Preferred
100 1 05 1071-2
Col inn Ky con 5s
iia list
Crosst'

\

',

1

Mining

120
90

100
'

!o

86
to

.100

it

lst con.-'

104

80

>»

100

i

'

I

d

103

1

i

375
120

m Lum'r&PnlplOO

unarm

I

99

100

lo»a
2

i

Boyal Bal

ed

1

13KOOKLY-N

97

..

1

Preferred

'

list
25

10 U

1

Allan Ave 5s 1909. .A-O 8103
A-O 112
Con 5s g 1931
Impt 5s See Stock Exc h list
E 5s 1933. .A-O L02
Brooklyn City stock.. .10 2 14
Con 5s See Stock Exch list
Bkln Cros.stn 5s 190S.J-J 104
Bkn II -Is 1st 5s 19 11 A-O 105

15

Ann

to
<»um Securities
111
NEW YORK
114>g
i 1
115
Union Gas 1st 5s... 8107^ 110
408
102
100
Con Gas (N 5T)8took N v Stock Exc
11SL, 119
fas con 5s 1932 See Stk E
Lisi
lloh 114^ Mutual Gas
100 32

New Amsterdam

Exch

1

XkersStRR 5s 1946A-0 110
29th Sts 1st 5s '96
28th
Twenty-Third St stk. 100
J-J
Deb 5s 19O0
Union \ly 1st 5s 1942 F-A
'43 J-J
Westchest 1st 5s

30
77

1

•

47
86

no's

35

74

Industrial and iHiscel
ondit...6s
Alliance Realty
100
iers
LOO
red
100

E

.

W P& M

f

t

E..

1

109

,-()'..

1

..100

10-.,

7

20

il

12

60
21
45

40 U
97 h 100
'.so
160
140 160

a
100
Y Transportation... 20

N

Nich
1

9

New ag lonsol ice.ioo
New Eng Txanspor..lOO
N Y Biscuil lis 1911. M-S
n S Mtge<fi Security.100
New Turk Duck
100

100

Southwestern .. 00
lst guar g 5s 2002. .j-.i

•_>i: '--

1

8100

Island

108

.

!0

14<fe

55
105

50

50
100
loo
100
100
loo
Nat Enam'g«& Stamp 100
Preferred
100
National Surety
100

.

11

&L

8

Preferred

list

1

1

PittS iiess

76

(

I.'

93
12

28

5s 1930
Soiith'n
-

Xi.rt

91^

J,'t s
9JO.J<fcJ

Prior lien

8

14*8

loo

NewBrunsCannelCoal

23

111
2 02

DO

Inn

...,

I

1

HI

108
109

Preferred
Mosfer Safe Co
National Bread
Preferred
National Carbon
Preferred

i

Railroad
nd&Lgu4sl952J-J
I'eo & st L prel

115

Madison Sq Garden. .100
2d 6s 1919
M-N
Manhattan Transit
20
Mex Nat Construe. pf100
Monongaheta R Coa I. .50

Xcw

12

70

3-D

17>2 Lorillard (P)prei

69

10

105
100
8

Lanston Monotype
20
Lawyers Mort Insur.100
Lawyers' Title Ins...lOU

-;

30

5

John B Stetson com. .100
Preferred

3

25

Preferred
100
Subscriptions
International Salt
100
1st g 5s 1951
International Silvei
Preferred
loo

43
77

I

43
00

200

214

1

100

2

2

Merc Marine. 100

1st Os 1948

40
75

125

96

loo

Interuat'lBankingi

200

Preferred
100
Rliolsl Elec Protec uolOO X117
United Eleetrieof N J100
17
48 1929
67
J-D

8

Havana Tobacco Co (w i)
Pi eferred (w i)
Hecker-Jones-Jew'l Mill
1st lis 1922
.M-S
Herring- Hal l-.Marvin 100
1st pre; erred
100
2d preferred
100
Hoboken Land & LiuplOO
5s 1910
VI-N
Houston Oil
100
Preferred
100
Hudson Realty
fnterboro R T (tuli paid)
Int'n'l

6

4^

115
15
00
41
62

40%paid

100

4

3^

l

85

Companies

Electric

50

45
578
100

.

i

105
n list
126
105

3*a

3

Preferred
10
9
5
Elect ro-Pneum'ic Tran 1 o f
8
loo
Empire Steel
10 Si 13
Preferred
TOO
42
General Chemical
100
Preferred
100
99 101
Gorh.im Mfg Co com. 100
loo xl28
Preferred
Greene Consol Copi"
24»4
. anheiin Exploi
150 100

Preferred

<

1

Tarry

35
105

J-J

104
45
107
184
120
S4
55
123

Ferry Companies

Market will be found on a preceding page.

Bid

XEW VORK

Poto Teleph.. 100

58 1909-29

1

Outside Securities
A

<a

3

50
100

103^ Havana Commercial. 100

KingsCo ElecL&PColOO 2 2
Narragan (Prov) Et Co 50 fx98

7!

11,780

128,777

89

22

Hackensai kMeadowslOO
Hall Signal Co
P

Chicago Edison Co. ..100

'"iioss

$215,000

60,596

&

Ches

57,000

29,1

40
'2

Bell Teleph of Buffalo 100 xlOl
Central & So Amer.. .100
98

$29,400

20,686
25,758

87

t

1,448
5,622
2,430

31,500

69,867

Total

sales

27,200

$21,000
55,000
72,500
35.000

12,951

Saturday

Bond

Unlisted
shares

Listed
shares

Preferred

93

84
32
76
25
30
45

35

Electric Vehicle

$8h 99
38

100

Preferred
Electric Lead Reduc'n.50

93

8

s:;'i

30 4
73
15

Electric Boat

xlll

i

i

100

Dominion Securities. loo

20
50

Commercial Cable
100 175
Cotmner UnTel(N Y).25 110

$1,358,500

12.917.0U0

Preferred

Distillers' Securities. 100
Col u- 5s 1927
A-O

Telegr «& Telephone

1

State bonds
RR. and mis. bonds

lst 6s 1920
J-D
Providence Gas
50
St.JosephGas5sl937.J.l
StPaulGas Gen 5s'44M-S
Syracuse Gas 5s 1946. J-J
United Gasc&Klec,NJ 100
Preferred
100
„

1901

18:., 840,741
264,949.720
3,092,307
2,671,426
Stocks — No. shares
-249,
$17,555,6)
$25,687,152,525
$289,8
Pai value
s-144.075
£7,000
Bank shares, par..
$639,100
$1,000

Government fronds

103

15
101
85
llo
60
50
108
142
68

0& lnd Con Nat & 111 100

1.053,1100

LXXV,

Industrial anil tliscel
Bid
Ask
Cons Storage BatterylOi
15
20
Continental Tobac deb 7s 102
106
Cramps' Sll&En BldglOO
04
loo
Crucible steel
ISv 19

Ask
66
105

.Madison Gas 6s 1926. A-O 2107
Newark Gas Gs 1944. QJ ?140
Newark Consol Gas. .100 05
5s 1948 See Stock Excli list

HOLI DAY

2,671,420 $249,468,950

ma

Securities

Lafay'eGaslst 6s'24.M-N
L'og<feWabVlst6s'25.J-n

$1,106,000
3,060,000
2,355,500

30.3,027

$26,919;950
69,762,200
53,053,300
33,930,200

278.S12
745,932
591,697

Saturday

V s
Bonds

State

Bonds

)

.

[Vol.

Indianapolis Gas stock 50
50
lst Os 1920
M-N 103
Jackson Gas Co
50
Sit
5s g 1937
A-O 8101
Kansas City Gas
100
12
5s 1922
100
A-<
Laclede Gas
ion
SO
Preferred
10c 190

WEEKLY AND YEARLY

DAILY,

Wednesday

.

.

\ir
milt

ti

iiing

Braki

M Inlng
Pump pref.

I

i

175

^
9

01

ioo

120

12..

).
..
.
.

j..
..

.

December

1

THE CHRONICLE.

27, 1902.]

1395

%wo£*immi ami Railroad %uUlli%mu.
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly return
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and t lie last t w
columns the earnings for the period from July 1 to and including such latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
Latest Gross

ROADS

Week
or

Vubsb'g
Vioksb Sh A- K
Allegheny Valley
Ann Arbor
A*

November.
November.

November
October...

3d wkDtc.

Anu Wibb ^ Bai. October
Ateb Top & S Fe. October...
Atlanta A liar.. Sritember
Atl Knoxv it No. November.
..

^

Atlantic & Btrm
Atl Coast Line...
Atl Va!d A: West.
Bait <s Ann SL..
)
Bait A Ohio

November.
October..
J

une

October...

November.

B A O Southw. <
Bangor & Aroosl October...
Bath & Hamilton Septt mber

Bell.Zanes&Cin. October. ..
Bellefonte Cent') November.
Bridgt & Saco K. October ..
Butt Attica &. Arc- Sepieiiiber
Butt Roch<fc rttts 3a wk Dec.
BiUlalo ASusq... October ..

—

& No May
3d wk Deo.
Octuber...
Georgia "2d wk Dec.

Burl C Kap

Canadian
Caue Belt
Cent'l ot

Current

Year

s
12,887
49.185

Pacific

202,216
1,215,043

3,291
17,287
5,485

4,506

4,327

112,340
97.277
399,700
818,000
21, 17
103,950

107,267
87,553
399,772
712,000
20,356
163,430

'.'

.

Chic& Alton Ry. October

925.387 847,800
Chic Burl A yuin August
0,171,300 4,979,672
Chic 6i E Illinois. 2d wk Deo. 144,693 127,421
Chic (it Western. 2d w k Dec
141,252 131,880
Chiclnd AL'v... 2d wkDec.
83,767
80,007
Chic Miiw & St P October... 4,814,70l!4,521,26
Chic <fc North W'n November. 4,174,082 4,046,326
ChicPeo ASt L.. Augu.it...
133.929 123,975
Chic RI A Pac... October.. 04461146 »2944491
ChioStPM &0. November. 1,081,243 1,079,878
Chic Term Tr RR 3d wk Dec.
32,419
27,761
CinNO&TPac. 2d wis Dec. 98,950 93,694
ClCinCh& StL. 3d wk Dec. 368,789 358,854
Peoria & East'n 3d wkDec.
61,869
50,726
Colorado & South 2d wk Dec.
109,693
99,669
Col Newb <te Lau. October..
19,318
17,709
Col Sand «te Hock 3d wk Oct.
32,418
25,913
Copper Range.... October...
37,937
19.768
Cornwall
October...
7,660
11,282
Cornwall ALeb.. October...
20,190
31,643
Ctuuberi'd Vailej November,
110,308
95,824
Denv. <fe Rio Gr. /
308,400 316,100
Gr. West. $ 3d wkDec
Kio
Detroit Southern. 2d wkDec.
20,576
25,219
Det <fc Mackinac. October...
72,443
65,850
DulSoSh A Atl.. 2a wk Dec.
40,346
43,998
Erie
October.. 3,818,152 3,757,10:
Evansv <fc Indian 3d wkDec.
6,508
6,084
Evansv Ac X II
3d wkDec
28,946
23,602
F'rchild&N'r'e'n October...
4,853
3,016
Farmv& Fowhat October...
7,007
6,058
& Denv Cit October... 242,790 198,692
Ft
Georgia RR
October.
240,714 2.33,431
Ga South A Fla.. November 130,385
99,868
GilaValG A N.. October...
24,36
36,162
Xrunk System 3d wk Dec, 632,436 539,522
Gr
GrXr. West'n. 1st wkDec
91,495
80,657
DetGrH&M.. 1st wk Dec 22,337 21,242
Great North'n—

W

8tPMiun&M>

594,718
8,781
69.043
25,274
17,992
6,941
3,545,099
327,966
4,959,604
20,994,088
80,024
4,192,830
4,314,405
5,872,162
54,277
6,704,899
3,495,805
9,791,687
3.338,041
3,573,397
2,323,787
16,883,382
21,723,037

552,778
8,596
62,995
24,700
17,211
6,810
3,207,411
288,232
4,559,003
18,659,816
47.129
3,646, 107

5,967,001
5,753,073
44,599
7.802,683
3,328,770
9,460,462
2,834,427
3,676,022
2.178,165
16,217,857
21,052,228
260.21i;
232,707
el6449082 1)11435359
5,529,581 5,391,645
833,872
767,370
2,642,(100 2,520,403
9,465,324
9,660,766
1,330,949 1,247,319
2,869,183 2,584,005
61,375
57,095
509,531
408,538
129,321
55,332
33,631
43,196
93,13^
134,109
554,774
518,907
8,756,058

8,625,837

637,804
273,967

585,020

266,151
1,311,723 1,262,539
14,179,310 14,672,152
197.116
166,785
829,909
727,458
11,904
13,018
27,800
23,400

922,524
781,094
614,364
98,211

713,960
649,197
523,275
116,806
15,730,214 14,499,255
2,068,969 1,851,145
560,735
513,298

Minns November. 4,116,780 3,669,421 19,568,163 16,580,810
Montana Cent'] November. 161,106 100,995
746,832
837,773
Total system. November 4,277,886 3,770.416 20,405,936 17,327,642
East, ot

153,322

WkDec.

6

3d wk Dec.
Iron Railway
November.
Kanawha & Midi 3d wk Dec.

Kan City

South'n Octobtr...

91,6o0
50,343
6,840
25,520
590,356

Lehigh Val RR. October. .. 2,001,943
Leh val Coal Co. October... 303,888
Lexing A East'n. October...
46,444
Long Island
October.
Inc. 82
La. & Arkansas. September
43,963
Lou. Hend.ASt.L. Oi tober. ..
72,356
Louisv rti Nasnv. 3d wk Dec. 085,515
Macon & Birm... November.
12,992
Man'tee Gr.Rds October...
12,216
Manis & No East October...
27,898
Manisttque
November.
4,703
{Mexican Central 3d wk Dec. 417,543
Mexican I itern'l October... 584,358
{Mexican Ry
Wk.Dec. 6
98,200
<fc

.

wkDec
November.
2d wk Dec.
3d wk Dec.
1st

3d wkDec.
3d

wk Dec.

3d wkDec.
3d wk Dec.
3d wk Dec.

WkDec. 13

November.
3d wk Dec.
3d wk Dec,
Nev-Cal-Oregon November,
Nevada Central.. October...

N Y C & Hud Riv November
N YOnt& West. October. ..
N Y Susq & West October.
Norfolk & West'n
Northern Central
North'n Pact tic.
Nor Shore iCal)...
Pacific Coast Co.

2d wk Dec.
October...

Pine

&

October..

Erie

Previous

Year

*
17,526
3,254
9,904
62,394
125,687

,885

3,996
8,907
02.3K.
112,300

301,884
034,000

283,165
540,000
12,000
552,000

21,0(10

655,000
4.896
632.708
179,597
194,164
16,336
4,079
0,427,977
384,149
131,581

376,985
708,907

615,583

2,885

565,432
125,525
154,381
15,652
4,808
5,837,015
521,701
267,119
343,956
819,707
4,161,675
3o,231
519,911
9,530,275
3,700
159,520
709,718

Wilm &B.. October.. 1,144,881 1,073,881

3,324
4,541
R October
St L November. 1,829,562 1,871,493

Blf. Ark.

Pittsb

CC&

Plant System

.

.

—

Latest Date

Yea r

November. 4,372,310
November.
35,920
September 500,090
Penn— EastP&Ee October... 10540875
WestP&E §... October .. Inc. 37
Pere Marquette. 2d wk Dec. 179,464
Phlla
Phila

to

/Previous

Current
Year

1",

1

413.419
349,004
15.341
20,532
280.019
250,724
1,810,203 1,704,757
3,844,995 3,234,689
8,824,534 8,508,191
18,244,229 18,074,817
075,400
574,808
18,819,037 18,750.223
72,303
102, 130
2,994,251 2,607,222
4,354.324 3,724,082
1,507.172 3,461,284
97.765
78,850
13,899
14,632
32,702,990 32,174,567
2,127,510
1 ,480,270
998.667
500,809
9,089,354 7,926,194
2,930,277
2,784.177
22,052,724 19,540,935
220,465
250,283
1,552,078 1,375,321
40,248.118 35,797,918
Inc. 2,0 39,900
4,414,766
4,700,75;
2,222,759 2,694,450
4,434,976 4,129,976
9,393
10,011
9,768,609 9,153,601

l

Ala Midland.
Bruns & W'n.
Chas A Sav...
Sav Fla & W.

|

[

June

598,739

:06,318

8,475,502

7,948,363

SilSOo&G..
Reading Co.—

& Read

2,244,542 2,845,254 8,097,356 10,054,095
516,996 3,165,134 1,170,822 9,786,837
2,761,538 0,010,366 9,268,178 19,840,932
85,419
102,4il
102,441
85,419
Rich Fr'ksb & P July
159,818
160,005
50,425
57,789
Rio Grande Jet.. September
297,021
287,557
9,272
11,333
Rio Grande So... 3d wk Deo.
454,400 449,400 5,341,154 4,908,081
Rio Gr'de West . June
991.092
31,320 1,099,038
30,029
Rutland
1st wkDec
410,594
532,703
130,916 148,331
October...
St Jos&Gr I
22,567
/159.681
h 28,476
11,445
St Louis & Gulf.. August
80.163
77,890
21,417
18,710
October...
StL&NArk
o532.193 gl-i 550,322 9l2,932.3b0
St h & San Fran g 2d wk Dec. 0589,23
3,042,(11;, 3,043,979
152,510 140,2'
St L Southwest. 3d wk Dec.
915,232
981,909
183,252 178,108
St L Van <fc T H. November.
934,021
980,505
250,081
305,422
San Ant & A P.. October.
543,094
626,726
94,823
San Fran <fc N P. Noveuiber. 110,192
/700.318 / 596,739 /~8,475,50i /7,948,368
Sav Fla A West. June
235,191 207,027 5,034,233 5,137,057
Seaboard Air L. 2d wk Dec
250,882
261,959
20,428
18,173
So C & GaExt .. May
5,872
11,300
So Haven & East. October...
268,096
358,342
52,918
76,765
Southern Ind
November
So Pacitic Co 6... October... 8,279,211 7,875,421 30,005,905 28,904,440
62,353
110.373
22,977
36,696
Carson & Colo. September
Central Pacitic. September 2,078,724 1,878.582 5,872,162 5,753,073
27,4.i2
23,430
16,958
Direct Nav. Co. September
20,353
Gal Har & S A. September 574,793 589,811 1,585,480 1,729,300
100,035
237,255
40,887
Gal Hous A No September 136,559
45,810
51,420
17,332
GulfW. T. &P. Septembei
19,208
203,310
200,621
68,739
Hous. E. & *V.T September
72,325
48,759
57,293
21,710
17,894
Hous. A Shrev September
HousiteTexOei Septembei 586,984 517,476 1,328,184 1,325,890
11,850
14,390
4,303
Iberia & Verm. September
4,881
428,690
506,031
Louis'a West
September 164,345 143,183
Morgan's L & T September 374,531 363,391 1,093.394 1,308,377
61,679
00,411
19,10
N. Mex.& Ariz, September
17,791
93,220
119,901
37,079
N Y T A Mex September
46,692
911,723
Oregon & Calii. September 349,782 303,^71 1,011,987
114.890
116,908
42,609
Sonora Ry
36,370
September
272,987
297,326
95,812
91,303
So Pac. Coast... September
So Pao RK Co.. Septembei 2,572,633 2,270,585 7.127,804 6,975,946
1,019,015
So Pac SS Lines September 450.241
72 1,170
809,160
Tex&Norl
September 280,948 227,424
Southern Railw'y 2d wk Deo
802,459 708,946 19,:; 12,009 17,473,891
710. 149
787,180
TerreH A Ind... November. 153,020 141,073
249,557
47,053
238,520
Terre H &. Peor November.
43,566
320,061
298,171
17,003
12,592
Texas Central . . 2d wk Dec.
Texas & Pacitic. 3d wk Dec. 254,909 316,119 5,413,812 5,730.025
72,500
70,400
19,100
Tex S V & N VV
18,000
November.
95,226
133,383
9,790
Tifton Thorn. AG. May
13,477
40,451 l,503,05fc 1,400.05 7
Tol & Ohio Cent 3d wk Dec.
55,305
552. OK.
554,708
25,274
21,810
TolP&West .... 2d wk Dee.
1,429,011 1,267,353
Tol StL
46,59
59,397
2d wk Dec.
229,413
202,120
7,846
Tor Ham & Butt. 1st wk Dec
10,511
Phil

October.

Coal&IrCo.... October.
Tot both Co's.. October.
.

:

.

436,401
556,525
2,757,128 2,505,158
1,328,184 1,325,890
18,218.771 17,221,904
59,413
67,099
540,92
562,796
2,637,488 2,620,377
78,475 2,099,330 1,681,665
50,722 1,180,505 1,212,913
32,985
6,477
32,744
15,043
506,396
460,734
529,397 2,078,326 1,790,977
,894,058 6,715,610 10,087,552
2,138,415
672,440 6,921,100 Union Pac RR
R./
37,771
139,100
Oreg RR &
192,359
October... 4,965,951 4,797,260 18,123,262 17,110,362
,522
Inc. 101 ,066
Oreg Sh Lim
ae.
38,744
108,457 Wabash
121,702
3d wk Dec. 401,972 319,275 10,302. 808 9,410,810
..709
l,86i
63,847
246,070
Jersey A Sea'e October..
207,830 260,73(
277,678
523,250 16,458,083 14,455,338 Wheel &
57.692 1,966.042 1,701
67,604
3d wk Dec.
2.941
52.367 Wichita Valley. August
10,775
12,055
5,331
7.413
67,925
53,601
07,741
12,212
11,585
43,943
45,423 Wm'sporti&N.Br. October..
15,69
27,106
114,605
111,841 White Pas s&Y'n 3d wk Nov
3,119
3,281
89.018 3,2
4.275
29,078 Wisconsin Cent.. 3d wk Dec.
46,547
105,000
60,539
(.627
10.7::
367,705 10,095,898 8,034,192 Wrightsv & T'n.. November.
15,049
501,070 2,188,443 1,917.(105 Yazoo & Miss. V. October... 758,954 000,434 2,273,398 1,970,512
87,900 2,227,200 1,823,300
123,465

Hocking Valley.. d wk Dec.
90,871
89,092
Hous & Tex Cent September 586,984, 517,476
Illinois Central.. November. 3,690,258 3,485,304
Illinois Southern November.
13,931
12,665
Ind 111. & Iowa October... 144,788 147,090
Int & Gt North'n 3d wkDec.
95,527 116,653
Interoc (Mex)

Month

..

158,904
3,030
15,952
4,940

178,624

i

Iowa Central

or

190,628 Mexican South'n
1,135,662 Millen A So'w'n.
Mineral Range..
828,819 Minueap At St L.
428,288 MHtP a 8 St M.
401,060 Mo Kan <te Texa150,00 1
Mo Pac & Iron Mt
895,554
Central Branch
31,471
Total
20,107,725 Mob Jack A KC.
721,757 Mobile & Ohio..«
262,590 Nash Ch & St La.
48,757 NaflRRof Mex.

917,346
196,645 184.331
451,910
104,051
99,390
511,399
114,318
98.901
InC 32,536
inc.
36,640
30,890
897,760
31,623
7,787
6,424
5,910,030 5,390.922 20,506,993
797,574
264,028 239.823
294,602
64,012
57,815
95,778
19,290
11.344
n755,673 tl 120490 (5,869.179 14,909,066
269,977
235,045
21,384
19,325
39,991
9,005
37,695
9,157
4,965,971 4,878,860 26,656,359 24,909,742

Cent'lof N Jersey Octoljer... 1,087,387 1,543,881
Central Pacific. September 2,078,724 1,878,582
Chattan South'n. 2c wk Deo.
2,265
1,760
Chesap & OhitT. 2d wk Dec. 320,535 288,127

Gulf&Shiplsland October...

Week

Year

15.324
43,614

ROADS

Previous

Year

lexa* Pacific,

<fc

NOA No Ha>t
Ala

Previous

July

Latest uross Earnings

Date

Year

June
AlaGt Southern. 2d wk Dec.

NO

to Latest

1

Current

Month

Adirondack
Ala

July

Earnings

.

AW

W

LE

.

l

",

i

Covers results on lines directly operaiea.
tMexican currency, alncludes Paducah A Memphis Division from July 1 in both years, t Results on Monterey & Mexicau Gulf are
included from March 1, 1902, but for no part of lbOi. e Covets Hues directly operated, including the Buffalo & Alle'y Val. Div.for both years.
o Includes the Houston & Texas Central and its subsidiary lines. Earnings ot the Cromwell Steamship Line, not previously reported, are
now also included.
cResults on Montgomery Division are included in both years.
((Includes St. Paul A: Duluth tor both years.
/These figures are the results on the Ala. Midi., Brunswick & West., Charles. & sav., Sav. Fla. & West'u and Silver Sprin ?a )oala
Gulf,
g These tltrures now include the Chicago & Eastern Illinois in both vears. A From May, 1902, includes sundry acquired roads, i Including
earnings of the Hancock & Calu. both years,
Including earnings of the Sav. Flor. & West, in both years. * Includes $39,190 other income
in Oct., 1902, against J27.0G0 in Oct., 1901, and $491,587 and $366,396 respectively from July 1.
1}

(

t

.v-

.

J

.

—

{

-

THE CHRONICLE.

396
Totals for Fiscal Year.

In the full-page statement on the preceding page we show
the gross earnings of all roads for the period from July 1
that being now the beginning of the flsoal year of the great
majority of the roads. There are, however, some roads that
These with their dates are
still have their own fiscal years.
brought together in the following.
Latest Oross Earnings.

Roads.

[Vol.

—

— - Gross Earnings.
Current
Previous

Previous

Tear.

Tear.

Tear.

Ket Earnings.
Current
Previous
Year
Year.
$
$

-

.

Year.

Roads.

Allegheny Valley
Atlanta A Charlotte Air Line
Bellefonte Central
Central of New Jersey
Chattanooga Southern
Chloago & North- Western....
Chicago Rock Island A Pao..
Chic. St. P. Minn. A Omaha..

Jan. lto Oct 31
Inc.
293,500
Apr. lto Sept. 30 1,473,712 1,367,049
Jan. lto Nov. 30
53,729
47,198
Jan. lto Oct. 31 11,747,242 14,060,678
IC4.812
Jan. 1 to Dec. 34
84,891

June lto
Apr. lto
Jan. lto
Jan. lto
Cumberland Valley.....
International A Gt. North'n Jan. lto
Manistee A North Eastern.. Jan. l to
Jan lto
Manistique
Jan lto
Mexican Centralt
Mexican International....... Jan lto
cdexlean Railway
Jan. lto
Mexican Southern. ........... Apr. lto

Nov. £0 25,723,405 24,965,330

Oct

31

Nov. 30 10,934,78] 10",216",i44
Nov. 30 1,112.648 1,014,375
Dec. 21 4.908,759 4,983,785
287,233
Oct 31
289,619
Nov. SO
97.802
88,511
Deo. 21120.341,568 16,900,680
Oct
5,299.15
4,847,203
4.699.70C 4.018.600
Dec.
Dec.
664,05?
576,883
Jan. 1 to Deo.
34,986,27( 34,204,572

Missouri Pacific...
Jan lto
Central Branch
Total
...... Jan. 1 to
National RR. of Mexico
Jan. lto
Northern Central
Jan. lto
North 8hore
Apr. lto
Pennsylvania, East of P. AE..* Jan. lto
WeBtof P.AE
Jan. lto
Pere Marquette
Jan. lto
Philadelphia & Erie
Jan. lto
Phila. Wllm'g'n & Baltimore Nov. lto
Pitts. Cinoin. Chic. A St. L... Jan 1 to
Rio Grande J unction
Dec. 1 to
8t. L. Vandalia & Terre H.... Nov. lto

Dec.

Dec
Dec.

Oct
Nov.

Oct
Oct

Dec
Oct
Oct
Nov.

Sept
Nov.

South Haven A Eastern

Jan lto Oct

Texas A Pacific
West Jersey & Seashore
Wichita Valley

1 to
1 to
Jan. 1 to
Jan. 1 to
Jan. 1 to

1,273,542
36027,288 35,478.114
8.794,106 7,387,761
6,876,771 6,881.071
410,062
363,378
93,6t;8,094 84,249,394
Inc.
5.380.200
9.358.956 8,678.434
5.241,17* 5,679,166
12.230.74P 11,808,249
20,607,983 18,904,658
468,305
460,796
183,252
178,468
1.041,018

Terre Haute A Indianapolis. Nov.
Terre Haute & Peoria
Nov.

Nov.
Nov.
Dec.

Oct
Aug.

"l'ii'.ois
153,020
43,566
47,653
10,632,421 11,277,495
3,444,321 3,248,421
39.617
45.970

These figures include the Buffalo A Allegheny Valley Division In
both years, t The operations of the Monterey A Mexloan Gulf are
*

Included from

March

1902.

1.

Latest Gross Earnings by Weeks.— In the table whioh
we sum up separately the earnings for the latest
week. The table oovers the third week of December and
shows 12'2 per oent increase in the aggregate over the same
follows

week

last year.
1902.

1901.

9
Buffalo Rooh.

& Pittsb'g

...
Canadian Pacific.
Chic Term. Transfer
Olev. Cln. Chic A 8t. L..

Denver

A

Evansv.
Evansv.

Rio Grande*
Indianapolis
A Terre Haute.

A

Grand Trunk ..........
Grand Trunk West

. .

A

Louisville

Michigan...
Nashville .

A 8. 8te. M.
A Texas
Mo. Pacific A Iron Mt....
Nashv. Chat. A St. Louis.
Mlun.St. P.
Mo. Kansas

National RR. of Mexico.
Rio Grande Southern. .
St. Louis Southwestern.
Texas A Paolnc
Toledo A Ohio Central..

Wabash
Wheeling

A Lake Erie

Increase.

9

9

36,610
112,340
818,000
32.419
368,789
61,869
308.400

30,89f

Decrease.

Chateaugay—
July 1 to Sept 30
88,634
A Hook. O. A t. Nov. dl2,739
Apr. 1 to Nov. 30
dl24,873
Cumberland Val.b.Nov.
110,308
Jan. 1 to Nov. 30... 1,112, fc48
Gas A Electric Co. of
Bergen County.. Nov.
28,511
June 1 to Nov. 30
158,154
Ho 'king Valley. a. .Nov.
477.804
July 1 to Nov. 30... 2,560,936
MUlen A 8outhwest Nov.
3.S96
July 1 to Nov. 30...
20.532
Nat'lRR. of Mex.. Oct
806,161
Col.

Jan. 1 to

Oct 31

7,491 014

North Shore (Cal.)bNov.
Apr. 1 to Nov. 30
Pine Blufl Ark. R. Oct

35,920
410,062

.
3.324
July 1 to Oct 31....
10,011
Pitts. O. C. A St.L.aNov.
1,829,562
Jan 1 to Nov 30
i 0,607,983
Wheel. A L. Erie. b. Nov.
358,143
July 1 to Nov. 30.... 1,780,272
Wisoonsin Central b Nov.
549,262
July 1 to Nov. 30.... 2,926,596
.

5.750
5,073
106.000
4,658
9,935
11,148

107,267
712.00<
27,761
858,854
50,726

316.1C0

7,700

6,508

6,084

424

28,946

23,602

5,344

632,436

539,525

116.653

.

Previously rep'd (37^8)

n

Chattanooga Southern.
Cln. N. O. A Texas Pac.

A

8t. L..

....
Grand Trunk
Grand Trunk West..

866
794
203,746
2,025,389
3,729
92,058
3.052
2,138
f.67,921

5,545,699
79,793

483,650
lf0,925
980,555

—

Current

Current

Previous

Year.

Year.

Year.

$

Roads.

Previous

Year.

July 1 to Sept 30...
A Hook. C. A Ir.Nov.
Apr. 1 to Nov. 30....
flooding Valley
Nov.
July 1 to Nov. 30....
North Shore (Cal.)..Nov.
Apr. lto Nov. 30....
Pine Blufl Ark. R... Oct
.
July 1 to Oct 31
Wisconsin Cent
Nov.
July 1 to Nov. 30....

9

$

$

179,597
194,164

15,643
523,250
367,705
62,394
125.68.
283,165
540,000
12,000
125,526
154,381
11.333
140,277
316,119
40,451
349.27f
57,692
89,018

9,877
162.265
49.838

Minn. St. P. A 8. 8te. M.
Mob. Jaokson A K. City *
Pere Marauette ...
8V Louis A San Frant...

Toledo Peoria A West's
Total (50 roads)

Net increase (675 p.c)..
* Week ending Deo, 13.

82602
378,717
12,163
88.167
483
1,932
146,114
731,358

7,401
4,771
36,918
78,588
365,356
7.954
67,531

12,178
4,267
63,724
•84.964
•630,388

13,188
5,079
33,539
•134,620
•628,689

def.2,423

def.4,228

86,563

24,524
2,571
208
'23,170
•290,322

481

931

1,930
140,014
700,958

1,350
•62.113
'447,589

Philadelphia Company.

784.478
678.657

54

Pittsburg.

13,386

•

November.

1902.
&
1,164.647
Gross earnings
Operat'gexp's and taxes. 667,995

'18.715

94,00(
9.00(
54,075
39,78:

.

1901.
-T>

1,071,792

601,770

,

Jan. 1
1902.

to

fi

—

Nov. 30.
1901.
ffi

12,419,92110,982,843
7,048.061 6,009,366

470,022
16,936

5,371.859
1,490,071

4,973,476
453,676

632,022
124,644

486,958
34,956

6,861,930
1,046,391

5,427,152
408,545

507,378

452,002

5,815.539

5.018.607

220,563
106,437

166,637
99.166

2,493,879
1,199.738

1,823,6*2
1,090.781

265,803

3,693,617

2,914,373

.

180. 378

186,199

2,121.922

2.104.234

Prop.tooth.thanPhil.Co.

55.306
401.975
67,604

2,061
12,233

Net earns, from oper't'n 496,652
135,370
Otherlnoome

327,000

9.275

152,510
254.90t

1901.

9
7,614.910
43.614

197

37,730

5,537

467,328

lnnetino.

180.181

148,469

2,116,385

1,636,906

61,210
Tot. earns.'* other inc.
Deduot'ns from Inoome*.

14,854
52,69':

9,915

Total Inoome

15,982

Increase.

9

9

105,916

Interest on funded debt.
Dividends on pref stock.
.

Decrease.

9

541,307

2.265
98.950
370,443
58,44?

7.047,654
49,186
1.760
93,694
358,854
50,727

609,59*

567,456

114,284
4,896
179.464
589,232
235,19)
12,592
25,274

125,665
2.885
159,520
532,193
207,627
17,003
21,810

9,859,110

9.235,932

73,951
5,571

42,143

t

4,704
44,633

Results now include the Pittsburg Railways Co., operating the Consolidated Traction and all the other railroad properties controlled in

506
5,25e

11,589
7,720

Including Ohio.

11,431
2,011
19,944

67,039
27,564
3,464

A

E.

111.

Phil. Co.'slnt.

'These deductions lnolude the following Items: Rentals of leased
oompanies, Interest on ourrent liabilities and tenement expenses.
of Pittsburg, Allegheny 111. Co.,
1 Includes Consolidated Gas Co.
Allegheny County Light Co., Ohartlers Valley Gas Co., Union Gas
Co. of MoKeesport, Equitable Gas Co.. Pittsburg Railways Co.

The following table shows the gross earnings for the latest
period of all street railways from whioh we are able to ob.
tain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two oolumns of figures give the gross earnings for the
latest week or month, and the last two oolumns the earnlngi
for the oalendar year from January 1 to and inoluding such
latest week or month.

—

4,411

718,542
623,178

Net inoome of oomp'y.

STREET RAILWAYS AND TRACTION COMPANIES.

i

>

Det Gr. Hav. A Mllw. >

7,440

After allowing for other inoome received.

379

50.725.

5,554,096

21.00(

over the same week last year.
Id week of December.
1902.

Chic

9,813
62.502
203.208
964,094

95,324
1,014,375

10,850
70,457
26,098
365,841

21.126

For the second week of December our final statement covers
50 roads, and shows 675 per cent increase in the aggregate

Clev. Cln.

24,558
14,091
141,038
71,496
469.920
160,356
2,312,125
971,361
3,254
J, 926
15,341
6,585
637.822
311,678
6,366,063 2,604,023
30,231
8.740
363,373
174,730
4,641
1,414
9,393
3.282
1,871,493
360,466
18,904,658 5,493,517
298,144
87,185
1,535,025
414,027
482,303
205,000
2,609,226 1,161,351

d 100.540

Interest Charges and Surplus*—The following roads, In
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c, with the surplts
above or deficit below those charges.
-Int., Ren lals, etc.
, -Bal. of Xet Earn'gs.—,

'

noutbto)

c-20,589

pentes.

*

6,232,655
Met Increase <12'2 d. e.)..
Including Rio Grande Western.

«.+t.

19,618
8,971
98,357
12,232
335,806

b Net earnings here given are before deducting taxes.
c Including $206 other inoome.
d Net reoeipts from coal sales, etc, before deducting general ex

92,914

95,527
50,343
25,520
685,515
417.54S
62,340
112,30)
801,884
634,000

105,00<

Alabama

80,151

d!4,204

a Netearnlngs here given are after deducting taxes.

Col.

$

./

>

Det.Gd. Hav. A Mllw. >
Intern'! A Gt. Northern.

Kanawha A

,

Chateaugay—

3d week of December.

Ann Arbor

LXXV.

Net Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from whioh monthly returns oan be obtained, is given
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of Dec. 20,
1902,
The next will appear in the issue of Jan. 24, 1903.

Period.

Current

»

95,364

.
.
.
.
.

December

.

.
.

Latest Bros* Earnings.

Week or Jtfc

Our'nt

Prev'ut
Tear.

Tear.

~9~

11,443,527

63,030

54,894

177,249

159,451

904,256

681.272

80,646
38,814

65,780
37 667

.

St.

Louis Transit

November

Savannah

Eleot. Go.
Seattle Eleotrlo Co...
Sioux City Traction..

September
September
August

South Side Elevated.
Springfield (111.) Con.
Syracuse Rap.Tr. Ry.
Terre Haute Eleo.Co.
Tol. Bowl.Gr.A 8o.Tr.
Toledo Rys. A Light.
Toronto Railway
Twin City Rap. Tran
Onion (N. Bedford)..

November
Ootober...
October...

September

November
November
Wk.Dec.20
2d wk Dec

November

Onton Trao. of Ind.. November
United RR's of ,San
Francisco

6,250
2,525
3.548
61,93V
3,86f
49,24''

1,286 062 2,078,865

232 885

273,101
176.714
122.94'

153,051
113,678

3,364,605 2,942678

406,437

369,394

488,607
3751432
144,515
419.860

102.882
356.511

92,352
75,415
3,134, 88b *2,502,333

373.850
88.719

30l",598

118, "22«

139,661
128,897
1,051,630
793,580
72,237
1,758,379 1,522 514
2,477,131 2,188,069
1,921.818 1,766.122

r85,276
rl8.823
r28,551
483,848
64,465
563,526
918,125

r79,199
1-20,920

r27,56S
549,291
66,992
680,888

252,444
16.101
20,021
8,08 S
86,925 1,004,583

22,067
2.172
91,179

442,129

380,302

36.092
479,390
38,405
187,485
20,944
115,164
19,92"
56,205
32,156
15,731
113,077
34,672
63,673
21,797
66,626

5,888,237 5,312,794

138,407

160,225

t.296,556 1,192,913

161,868

142,30)4

162,192

224,201

1,8)9,483 1,184.705
1,752,953 l,5>- 2,404
1,422,766 3,006,931

854,802
678,517

308,357
865,453

§3 429,661
1,372,245 1,221,062
1

397,042

Beginning with August results for 190 1 are for Cincinnati Newport
Light & Traotlon Cot Figures for year to date seem also
to have been revised at same time.
1 Results now lnolude the Pittsburg Railway Co., operating the Cont

solldated Traction and all the other oontrolled properties in Pittsburg.
U These are results for properties ownea.
$ These figures are from March 20th to October 31st.
r These figures are from Mar. 1 to Nov. 80.

Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings reoeived
Earnlnffs.-

Ytin.

Roads.

1

,,,„

\,irr.

<!)•

1

Ill

Y.m:

$
$
*
15,975
15,107
6,840
33,082
31,991
13,254
1,0)7,666
996,850
455,136
5,760,177 5,475,081 2,630,898
16,037
13,22*
5,42 «
176,714
153,051
79,481

BlnsrhamTon Ry..b.Nov.
Oct 1 to Nov. 30
Brooklyn Rap. Tr.a Nov.
July 1 to Nov. 30 ...
Olev.Palnesv.A E...Nov.
Jan. 1 to Nov. 30
Det. Ypsilantl Ann Arbor
A Jackson Ry..a..Oct
29.446
Harrlsb'g Traot'n. Nov.
37,277
31.366
Jan. l to Nov. 30
419 850
356,511
Ind'p'lts & Ea'-t, Ry.Nov.
9,822
6,172
Jan.
to Nov. 30
92,352
75.415
June 1 to Nov. 30.
61,560
49,103
Intern'. Ry. (Bnff.) Nov.
288,866
J 233,934,
July 1 to Nov. 30
1,583.876 Jl.229,282
Montreal 8t. Ry....Nov.
172,872
154,912
Oct. 1 to Nov. 30....
354,278
320,973
i

rniiif/s.

Previous
Year.

$
6,803
14,394
835,601
2,077,97
4,609
72,633

49,345

86,092
343,196

83,530
810,305

19,445
184,657

22,463

9,990

9,533

15,781
162,192
268,517
2,879,634

9.520
103,554
162,300
1,802,165

6,948
65,887
154,073
1,578,289

116,186

78,898

47,293

20,125
176,800

Ind'p'lls

une

.

AEast.Ry.Nov.
1

to Nov. 30....

Intern'l Ry. (Buff.) Nov.
July 1 to Nov. 30

Montreal

Oct

St.

Rv

Nov.

1 to Nov. 30....

Current

Eam'gs.~.
Previous

Year.

Roads.

Previous
Year.

Year.

Year.

9

9

9

9
2,083
12,500
78,381
394,577
16,077
32,069

-Bat. of Xet

1,250
7,500
J82.273
?412,157
13,967
29,361

2,858
16,508
"53,802
•389,543
53,167

122,162

9.764
•{33,900
•J 278,037
44.466
109,982

4,173

19,721

17,048

9,675
94,091

13,196
104,949

9,770
90,566

8,380
75,850
812,287

3,455
84,567
958,466

1,193
78,223
766,002

18,738

45,016

33,638

1,701

New York A Stamford—
4,971
July 1 to Sept 30
Sacramento Eleotrlo Gas
Nov.
10,335
A Railway Co
106,356
Feb. 1 to Nov. 30
Syracuse & Suburban6,635
July 1 to Sept 30...
77,733
Twin City Rap. Tr... Nov.
1343,699
Jan. 1 to Nov. 30
Utica A Mohawk Val. Ry.34,548
July 1 to Sept 30
•

Includes other income.

a Net earnings here given are after deducting taxes.
Fixed charges include dividend on preferred stock.
These figures are for the corresponding period of 1900. as the
figures for 1901 were unusually heavy, owing to the Pan-Amerloan
Exposition at Buffalo.

ANNUAL REPORTS.
Annual Reports.

43.053

—

All annnal reports of steam railroads,
and miscellaneous companies which have been
published daring the last half of 1902 may be found by refer
ence to the general index on other pages of to-day's Chronicle, the annual reports being indicated in this index by

Southern Pacific Company.
(Report for the year ended June 30, 1902,)
The remarks of Mr. Alexander Millar, Secretary, approved by
the board of directors, and elaborate tables showing the earnings, expenses and charges of the system, also statistics of
operation, and balance sheet for two years past, as given in
the annual report for the year ended June 30, 1902, will be
found en pages 1404 to 1414 of to-day's Chronicle. A
review of the results for the ytar is also given in our editorial
75, p. 1308, 895.

Lake Erie & Western Railroad.
( Preliminary Statement for the year ending Dee. 3 1 1902.)
The company reports for the year ending Dae. 81 (the
months of November and December being partly estimated
in the current year) as follows
1900.
1902.
1901.
Gross earnings
$1,690,354 $4,533,204 $4,284,786
Operating expenses. Including
,

:

outlays for construction, and
betterments and taxes
3,542.140

Net earnings
Fixed oharges

...$1,148,214

668,750

Balanoe
Dividend oh preferred
Balanoe, surplus
74, p. 1356.

4,941

41.922
29.008
127,672
754,17tf

69.244
154,231

8,970
137,788
2,951

17,264
J110,f69
{642,152
58,423

139,273

24,504

20,609

3.389,801

2,924,862

$1,143,403 $1,359,918
668,750
634,270

'$479,464
473,600

$474,653
473,600

$725,648
473,600

$5,864

(1 p. 0.)...

$1,053

$252 048

—V.

Lake Shore & Michigan Southern Ry.
("Preliminary statement for year ending Dec. 31, 1902.
The company reports for the year, the last two months in
1902 being partly estimated, as follows:
1902.

12,191
14,264
180.791

New York & StamfordJuly 1 to Sept 30....

45,424
403,524

2,989
23,986

heavy- faced type.

A Covington

J'fi

8,172
52,750

street railways

position at Buffalo.

11,1,1

$

7,314
62,822

Current

columns.— V.

C

Year.

$
2,465
86,488

— Int.. Rentals, etc. —

201.415
18.660
924,007

43,036

— Gross

Year.

t

October... S05.04&
128,451
129,342

week.

$

Net Earnings.
Current
Precious

figures are for the corresponding period of 1900, as the
5 These
earnings for 1901 were unusually heavy owing to the Pan-American
Exposition at Buffalo.

•These figures are for the corresponding period of 1900, as the tig*
ures for 1901 were unusually heavy, owing to the Pan-American Ex-

this

Year.

$

Syracuse & Suburban22,484
July 1 to Sept 30....
Toledo Bowling Green
22,026
A South' a Tract.. Nov.
Jan. 1 to Nov. 30....
224,201
Twin City Rap. Tr...Nov.
309,468
Jan. 1 to Nov. 30
3,280,879
Utica & Mohawk Val. Ry.July 1 to Sept. 30....
166,828
Toungstown-Sharon Ry.
Nov.
43,036
& Light a
Jan. 1 to Nov. 30....
397,042

33i',46B

9.02*

^uned Trac— (Alb.) November
Va. Pass. A Power Co October...
Youn gsto wn -8h aron
Ry. &Lt. Co
November

Tear.

Roads.
Orange Co. Trao. ...Nov.
July 1 to Nov. 30....
Saoramento Eleotrlo Gas
Nov.
& Railway Co
Feb. 1 to Nov. 30

Previous

Interest Charges and Surplus.

1164,647 1,071,792 12,419,921 10,982,842

45,484
553,577
42,882
163,68?
22,512
124,949
21,627
59,585
32,716
22,026
125,936
39,286
71,587
26.489
80,901

Current

412,659

89,786 1,056,648
74,960
777.672
43,927 "*4"6",i24
94,533
8,172
95,134

7,314
71,718

.

oacramento Electric
Gas A Ry
November

Tear.

12,012.934

.

Mask. Tr.& Light. Co.
Street Ry. Depart. November
5,949
Eleotrlo Llghi Dep. November
2,796
Gas Department... November
4,832
Nashville Ry
August
73,07t
New London St. Ry.. November
3.904
Northern Ohio Traot. November 63,362
Northwestern Elev.. November 100,854
Oakland Trans. Cons Ootober... 81,955
Olean St. Railway... September

Rochester Railway

Tear.

185.106

.

— Gross Earnings. —

Latest Dale.

192,840

.

November
November
November
November

to

1397

Current Previous

822,299
35,875

94,600
4,110
21.451
15,976 "16,107
Br'klyn Rap.Tr. Co.
November 1.057.C66 996 85C
Boxlingt'n (Vt.) Trao. November
4,590
6,550
Charleston Cons. Ry.
Gas A Eleo
October... 40,739 39,03Chicago &M11. Eleo. November 14,112 12,040
Cln. Dayton ATol. Tr. November
39,967
Oln. Newp. & Coving.
Light & Traction t. October... 97,677 70.63C
Cltlcens Ry. A Light
(Muscatine, Iowa). November
7,976
6,531
City Elec. (Rome.Ga.) November
8,407
Cleveland Eleotrlo . November ^16.720 I91,29f
27.924 81,12."
Cleve. Ely A West... November
Oleve. Pains v. & E... November
16,037 13.228
Dart. & W'port St. Ry November
9,183
8,607
Detroit United
3rd wk Dec 66,464 61,671
Port Huron
Detroit*
Shore Line
3rd wk Dec
5.133
5,796
Detroit Tpslla'tl Ann
Art). A Jackson Ry. Ootober...
29,446
Duluth-Sup Traot... November 46,416 39,2V,
East. Ohio Traction, November
16,940 12,951
Elgin Aurora A Son November 33.543 27,325
Galveston City
October .
16,815 10,804
Harrlsburg Traction November 37,277 31,36t
Houston Eleo. St. Ry. *eptember 32,282 27,53:
Indiana p. & East. Ry. November
6172
9.822
Inoera'l Ry. (Buffalo) November 288.366 •283,934
Jacksonville Eleo.Co. September 16,575
Lake Shore Eleo. Ry. Ootober... 41.976 32,641
L,ehigh Traction
November
7,583 10.419
London St. Ry.(Can.) November 12,355 13.084
Los Angeles Railway September 126,532
Mad. (Wis.) Traction November
5,926
5,969
Met. West Side Elev.. November 165,434 146.006
MIL Elec Ry. & LI. Co. November 237,390 205,471
Mil. LI. Heat &Tr. Co. November
29.874 25,-10)
Montreal Street Ry
November 172,872 154912
||

Orange Co. Traction. November
Pacific Electric
August
Peeks. L't'g&RR. Co. Ootober.

Jan. 1

9
~*i
73,816 1.052,317
4.094
43,201

American R'ys. Co.
November
Athens Eleotrlo Rv.. November
Aur. Elgin A Chic. Ry. September
Binghamton KK
November

Philadelphia Co. i
Rys Co. Gen.— Roads.
Light Co's

)

,

THE CHRONICLE.

£7, 1902.]

G&OSS
Earnings

.

1899.
1900.
$26,466,514 $23,613,946
15,832,145
17,307,795

Gross earnings. $30,155,000
Operat'g expen. 21,966,000

1901.
$29,272,675
20,210,229

Net earns... $9,189,000
Other lnoome...
1,660,000

$9,062,446
1,329,290

$9,158,719
749,621

$7,781,801
376,056

Net income. $9,849,000 $10,391,736
Fixed charges.. 3,390,000
3,236,611

$9,908,340
3,249,909

$3,157,857
3,100,591

$6,658,431

$5,057,266

Bal. for stk. $6,459,000

Dividends

Suprlus
$2,996,346
p. 1087, 394.

—V. 75,

$7,155,125

(7)3,462,655 (7)3,462,656

$3,692,470

(7)3,462,655 (7)3,462,665

$3,195,776

$1,594,611

:

:

THE CHRONICLE.

1398
Michigan Central

RR.— Canada Southern

19C0.
1899.
1902.
1901.
Gross earnings
$18,650,000 $18,490,274 $16,730,131 $15,504,062
Operatfng expenses 15,030,000 14,745,964 18,229,490 12,004,116

Net earnings.... $3,620,000 $3,744,310 $3,500,641 $3,499,946
2,414,285
Interest and rentals
2,404,218
2,211,000
2,455,514
Surplus
$1,409,000 $1,288,796
Proportion to U. 8..
375,238
315,000

$1,096,423
300,853

$1,085,661
300,574

$913,558
69,739

$795,570
45,094

$785,087
44,678

$983,297
749,520

$840,664
749,520

$829,765
749,420

Proportion to M. O.. $1,094,000
50,000

Netincome

4%

Dividends,

$1,144,000
749,520

$394,480

Balance

The semi-annual dividend

$233,777
of 2 per cent

$91,144
$80,245
declared, pay-

was

able J an. 29.

CANADA SOUTHERN RT.
1902.

Proportion of earnings
due Canada Southern $315,000

Other income

(?)

Total net

Dividend declared..

1901,

1900,

1899.

$375,238

$300,852

$300,574

1,833

2,501

2,865

$315,000
$377,071
300,000 (2^)375,000

(2)

$303,353
300,00 J

(2)

LXXV.

Purchase Denied.— See Georgia Northern Ry. below.—

Ry.

1902. J
I (Preliminary statement for the year ending Dec. 31,
The approximate statement for the year compares as below:
MICHIGAN CENTRAL RE.

Other inoome

[Vol.

$303,439
300,000

(2)

Balance

sur.$15,000 eur.$2,071 sur.$3,353 sur. $3,439
Total sur. Deo. 31...
$29,996
$12,245
$9,130
$14,316
dividecd of 1 per cent was declared, payable Feb. 2,
1903.— V. 75, p. 1203; V. 74, p. 1354.

A

V. 75,

p. 1252, 1146.

Beech Creek RR.— Listed.— The New York Stock Exchange has listed $335,000 additional common stock, issued
for extensions and betterments, making total listed $6,000,000. -V. 75, p. 341.

Bennington & floosick Valley (Electric) Ry.— Important
— This company, which operates a
16^-mile line between Bennington, Vt., and Hoosick Falls,
N.Y., proposes to build extensions as follows Troy to North
Extensions Proposed.

:

Hoosick, 26 miles; Eagle Bridge to Greenwich, 16 miles;
Hoosick Falls to the Massachusetts State line and Williamstown, 14 miles. The system, so enlarged, will be 72 miles
long, and will pass through or touch 34 cities, towns, villages
and settlements. The population served or immediately adjacent will number upwards of 350,000. Surveys have been
completed and right of way and liberal franchises secured.
The company expects to build first from Troy to North

Hoosick and from Eagle Bridge to Cambridge, 32^ miles,
which will require a new bond issue of $1,000,000, with stock
increased to like sum. Geo E. Greene, Hoosick Fails, N. Y.,
See Street Railway Supplement, p. 40.
is President.

Boston

& Worcester

Street

Haven & Middletown Ry. below.
New Stock.— The company has

Ry.— Extension.— See New
petitioned the Massachu-

setts Railroad Commission for authority to increase its capiThe balanoe sheet of
tal stock by $250,000 to $1,000,000.

Dec. 22 shows the amount received on account of capital
stock as $750,000 and notes payable, $340,851. Offsets: construction and equipment and expenses incidental thereto,
$1,314 491; cash, $113,137. Balance, miscellaneous. V. 75, p.

—

1146.

GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Allentown & Reading (Pa.) Traction Co.— New

Mort-

gage.— This company recently filed a mortgage to secure
$750,000 bonds, of which $250,000 no doubt reserved to retire
the existing first mortgage bonds at or before maturity.
See p. 5 of Street Railway Supplement.

Brooklyn Heights RR.— Brooklyn Union Elevated 4-5 p. c.
and Kirjgs County Elevated 4 p. c. boDds will be guaranteed
on three days in each month by the Brooklyn Heights RR.

The
Co., at its office, 168 Montague St., Brooklyn, N. Y.
days on which bonds will be guaranteed for the first six
months of the ensuing vear are as follows: Jan. 6, 16, 27;
Feb. 3, 13, 24; March 6, 17, 27; April 7, 17, 28; May, 5, 15, 26;
June 9, 19, 80.— V. 75, p. 441.

Buffalo Rochester & Pittsburg Ry.— Increase in Wages.—
American Railways Co., Philadelphia.— Bonds Sold.— See "Wages" below.— V. 75, p. 1858, 1030.
Bioren & Co. and E. C. Miller & Co., both of Philadelphia,
Canadian Northern Ry.— Listed in London.—The London
having exercised their option to purchase the remaining $700,Stock Exchange has appointed special settling days for
000 of convertible collateral trust gold 5s (total issue

4 per cent 30 year (Ontario Division) first mortthrough private subscription £1,108 600
gage debenture bonds (1930), of £100 each (Nos. 1 to 4,176
being less than 70 p. c. of
to 11,806), guaranteed by the Government of Manthe amount of the bonds asked for by the subscrib- and 4,897
itoba, partly in lieu of the 4}£ per cent bonds heretofore
This bond has a convertible privilege into shares
ers.
quoted".— V. 75, p. 1353, 1085.
at par at any time prior to Nov. 1, 1904. Tne shares are
quoted at about 105 p. c. and the bonds are selling in the
Charleston Clendennin & Sntton RR.— Sold.— At the
market at about 107 p. c. The placing of this loan re- Farmers' Deposit National Bank in Pittsburg, on Dec. 20,
tires the remaining floating indebtedness of the company,
Arthur Lee and George E. Price, representing Senator David
which was incurred mainly for the construction of the line Davis, closed a deal for the purchase from T. H. Given, repfrom Chicago to Joliet, which road has been in operation resenting the owners of the road, of " the entire $3,000,000
since the latter part of September, 1901.— V. 75, p. 1030, 665. capital stock and the whole issue of $3,000,000 of bonds."
Arkansas Springfield & Northwestern RR.—New Eater- The road extends from Charleston to Clandennin, up the Elk
prise.
This road will run from Jefferson City to Springfield, River, through a coal and timber region, a distance of 65
about 160 miles. It is not part of the Iowa & St. Louis re- miles. It is said that as soon as the weather permits Senator
David Davis will complete the line to Sutton, a further disferred to below.— V. 75, p. 1085.
tance of 35 miles.— V. 61, p. 1012.
Ashland & Wooster (Electric) RR.
Securities.— The
Chicago Milwaukee & St. Paul Ry.— Increase in Wages.—
shareholders were to meet at the office in Milbrook,
Ohio, Nov. 25, to increase the capital stock from $500,000 See "Wages" below.—V. 75, p. 1301, 848.
to $600,000, all common stock, par value $100 per share,
Chicago Rock Island & Gnlf Ry.— Proposed Purchase.—
and to authorize the issue of $500,000 of 5 p. c. $1,000 25 year Notice is given by advertisement that application will be
bonds, for the purpose of funding fl mating debt and of con- made to the Texas Legislature for authority tor this company
structing and equipping the proposed line of railway from to purchase the property, rights and franchises of the
Sandusky through the counties of Erie, Huron, Ashland, Chicago Rock Island & Texas Ry. Co. and the Chicago
Wayne, Stark, Tuscarawas, Harrison and Belmont.
Rock Island & Mexico Rv. Co. arta the Choctaw Oklahoma
Atlantic City RR. -Listed:.— The New York Stook Ex- & Texas RR. Co. See V. 75, p. 1156; also V. 74, p. 1194.
change has l:3ted $1,063,000 first consolidated 4 per cent bonds
Chicago Rock Island & Pacific Ry.-See Chicago Rock
of 1951. The guaranty endorsed on the bond follows
Island & Gulf Ry. above.— V. 75, p. 1353, 1031.
For a valuable consideration, Reading Company hereby suarantees
Choctaw Oklahoma & Gulf RR.- Mandamus.— Henry
to the holder or the within bond the pnnotual payment of the principal
Crofut White, a stockholder, obtained on Dec. 19 from
and Interest thereof, when and as the same shall become due and payable. Tn witness whereof the said company has caused to be here- Judge McCarthy, in Common Pleas Court No. 3 at Philadel$2,500,000), sold these bonds
on Dec. 20, the allotments

—

—

:

unto affixed its corporate seal, duly attested at Philadelphia, this first
day of July, 1901. Reading Company, by
Vice-President. At,

test:

.Secretary.

phia, a writ of alternative mandamus, returnable Deo. 29,
against the Girard Trust Co. and the railroad company, requiring them to show cause why he should not be permitted
He alleges that the
to inspect the stock transfer books.
October dividend was earned and should be paid. V. 75, p.

Earnings.— The earnings for the year ended June 80, 1902,
were Gross, $1,810,246; net, $206,870; fixed charges, $202,—
831; balance surplus, $4,039.— y,
p g^
1146, 239.
Atlantic Coast Line RR.— First Instalment Paid. The
Cincinnati Dayton & Toledo Traction Co.— Bondsfirst instalment *>f 25 p. c. on the $9,500,000 of new stock,
Earnings. —Cluude Ashbrook of Cincinnati, who is offering
which is issued at 125, to provide for part of the purchase the 5 p. c. 20 year consolidated rnortg^e gold bonds of 1902
price of the control of the Louisville & Nashville, was paid
at 85, yielding 6'3 p. c. interest, reports the earnings, etc.,
in on Deo. 20 (compare V. 75. p. 1252).
for six months ending Nov. 30, 1902, as follows: Gross earnRelations with Louisville & Nashville, Etc. The following ings, $266 266; net earnings, $131 642; fixed charges, $97,908;
is given as coming from an official source
surplus for stock, $33,734.—V. 75, p. 1086, 1031.
The management of the Louisville & Nashville will be maintained
Cincinnati Lebanon & Northern Ry.— Listed .— The New
separate and dlstlnot from the Atlantlo Coast Line. Its relations to
the connecting lines will not be disturbed in the least. There have York Stock Exchange has listed $900,000 first consolidated
been preferential relations between thf>se two properties In the mortgage 4 p. c. bonds of 1942. The guaranty endorsed on
operation of the lines in Florida and in the joint management of the
follows
Georgia Railroad. These are cemented by the transfer of control, but the bonds
augur no discrimination. Where other trafHo relations exist there
For a valuable consideration the Pennsylvania Company herebj
:

^

—

)

—

be no attempt to divert business solely for the long haul. All
ports will continue on an equal footing so far as the Coast Line 1s concerned. This polloy may not produoe the largest revenue, but the net
profits are larger, as experience will show; besides the public
attitude Is more friendly when fairness all around is understood to
be the policy.
will

guarantees to the lawful holder hereof the due and punotnal payment
by the Cincinnati Lebanon & Northern Ry. Co. of the Interest upon
the within bond, in gold coin of the United States of Anit-rlca. upon
the surrender of the proper coupons as the same shall fnin time to
time beoome due, and also the payment of the principal of the within
bond in like gold ooln at the maturity thereof.— V. 75, p. 1253, 980.

—

—
Dkcehbeb

THE CHRONICLE.

27, 1902.]

1399

& Erie Canal Trans- the Iowa & Dakota Central Ry. From Macon to St. Louis,
below.— V. 75, p. 1086, 1031. 155 miles, the line will be built by the Iowa & Missouri Ry.
Detroit Mackinac & Marquette.— Land Grant.— Cash for Co. (V. 75, p. 1087.) The Iowa & St. Louis Ry., with these
Bonds.— The trustees have received the first payment of ona extensions, which it will control, will extend from Sioux
quarter of the $1,250,000. the purchase piice for the million City to St. Charles, Mo. (near St. Louis), a total distance of
l,
acres of land sold, which with other cash makes about $400,- about 510 miles. The Iowa & Dakota Central will issue the
" All the bonds will
000 available for redemption of bonds. It is expected that same securities as the Iowa & St. Louis
a statement will be issued in Jannary and a call made for be 5 per cents. (Compare V. 75, p. 134.) The Arkansas
tenders of bonds. The bonds are redeemable at par, Another Springfield & Northwestern (V. 75, p. 1087,) ia an indepenquarter payment nnder the land sale contract will be made in dent enterprise,
As to Manufacturers' Coal & Coke Co. see that company
June. See Investors' Supplement page 170. V. 75, p. 735.
under "Industrials" below.— V. 75, p. 1087, 184.
Elgin Joliet & Eastern Hj.— Listed.— The New York Stock
Lehigh Yalley RR.— "Gratifying Statements."— A. E
Exchange has listed $148,000 additional 5 p. c. bonds of 1941,
issued for construction and additions, making a total of $8,- Cottier, whose circulars to trie stockholders have attracted
considerable attention, has withdrawn his "Letter No. 5"
500,000 listed.
Earnings. The results for the nine months ended Sept. 30, because the new President, Mr. Thomas, has "made frank
1902, were: Gross earnings, $1,559 465; net, $552,126; other and gratifying statements of his personal views and intenincome, $12,220
interest on bonds. $312.644 bonus fund, tions, which promise much for us in the immediate future."
Cincinnati Traction Co.— See Miami

portation Co. under "Industrials"

—

.

—

;

;

-V.

$2,517; balance, surplus, $249,184.— V. 74, p. 205.

75, p. 1302, 1254.

—

Long Island RR. Merged— Bonds Assumed. The New
Fonda Johnstown & Gloversville RR.— Consolidation.—
The Fonda Johnstown & Gloversville RR. Co., the Amster- York Bay Extension RR. Co. aDd the Montauk Extension
dam RR. Co. and the Cayadutta Electric RR. Co. have been RR. Co. were on Aug. 29, 1902, "consolidated and merged
consolidated under tfce title of the Fonda Johnstown & into the Long Island RR. Co., their two bond issues becomGloversville RR. The authorized capital stock is $1,950,000. ing part of the funded debt of the L. I. RR. Co."— V. 75,

—V.

p. 1145, 1087.

74, p. 987.

Franchise Tax in Illinois.—The Illinois State Board ot
Equalization has made the following valuations and capital
stock and franchise assessments for 1902 on companies named:

Name

Value Slock
of

Company—

<£

Franchise.

ChioagoCtty Railway
Chicago Union Traction
Chicago Consol. Traction
Cbioago Edison

$23,440,000
40,768,045
7,753.000
10.468,000
3,445,400
11,207,730
44,917,735
12,388.000

Commonwealth El eotrlo
Chioago Telephone

Gas
Diamond Match
Peoples'

Net
Assess't.
for 1901.
$2,053,315 $2,641,000
4,366,830
5,053,588
1,R32,503
582,396
688,409
737,789
221,440
574,974
578,443
4,679,8:9
5,782,997
2,471,600

*Net Stock

"In excess of tangible property.

The net assessment is not as large as last year, owiDg to the
high values placed upon the tangible property by the local
assessors.
(Compare V. 73, p. 1114, 902.)

Louisville

&

Nashville

LineRR. above.-V.

RR.— Policy.— See

Louisville (Ky.) Ry.— Extra Dividend.—This company
has declared on the common stock the regular quarterly dividend of 1% P- c. and an extra dividend of one-half of 1 p. c.
" to bring the yearly per cent J or 1902 on common up to the
regular 5 per cent on preferred." V. 75, p. 1202, 1147.

—

Macon
pany has

(Ga.)

filed its

&

Light Co.— Mortgage.— The comnew mortgage to the North American

Railway

Trust Co., as trustee, to secure $1,000,000 of 50-year 5 p. c.
gold bonds— V. 75, p. 981, 733.
Metropolitan Street Ry. Kansas City.— Franchises
Renewed in Kansas City, Kansas. The City Council of Kansas City, Kansas, on Dae. 18 passed two 20-year franchise
ordinances, framed to cover all of the lines embraced in the
Elevated and Metropolitan systems, together with two new
lines soon to be built.
The concessions to the city include an annual payment to the city ol
8 per.eent of the gross traok earnings, the company guaranteeingithat

—

Georgia Northern Rj.— Report Denied.—The report that
which extends from Pidcock to Albany, Ga., a distance of 66 miles, has been sold to the Atlantic Coast Line
is denied by the officials of that company.
The property is

the

in receivers' hands.

in

Illinois Central RR.— See Southern Pacific Co. below.—
V. 75, p. 1202, 1086.
Inter-State Railways.— Purchase—The purchase of a
majority of the outstanding capital stock ($3,593,750) of the
United Power & Transportation Co., it is announced, has
been arranged at $75 per $25 share. This amount is payable in 40- year collateral trostgold coupon bonds, to be dated
Feb. 1, 1903, and to bear interest at the rate of 3 per cent for
the first year, %% for the second year, and 4 for the third
year and thereafter. The stock so purchased will be deposited with the Real Estate Title Insurance & Trust Co., trustee, under the collateral trost deed. Purchases of stock will be
made on the above-named basis until Jan. 6; each assenting
shareholder also has the privilege to subscribe to one share
of Inter-State stock for every fourteen shares held by him in

—V. 75, p. 1354, 549.
Metropolitan Street Ry,,

this road,

&

the United Power
Transportation. The aforesaid bond
issue will be limited to the amount necessary to take up the
present outstanding stock of the United Power
Transportation Company.
Besides the control of the United Power
Transportation
Co., whose system, it is stated, aggregates 381 miles, tee
Inter State Company has acquired the charters and present
capital stock of the following new oompanies, with the right
to bnild their projected roads, viz :
Reading Tower Co., Reading; West End Eleotrio Street Ry. Co.,
Reading; the Arch & Green Streets Ry. Co., Norristown; East 8ide
Street Ry. Co, Reading; Chester & Rose Valley Street Ry. Co., DeJa
ware County; West Side 8treet Ry. Co.. Norristown; Chester & Middletown Street Ry. Co., Delaware County; Chester & Rockdale Street
Ry. Co., Delaware County; Darby & Fernwood Street Ry. Co., Delaware County; Black Bear Street Ry. Co., Pottstown to Reading;
Womelsdorf <fe Myerstown Street Ry. Co., Lebanon County; Twelfth &
Thirteenth Streets Ry. Co., Reading; South End Street Ry. Co Reading; Front & Fifth Streets R\ Co., Reading; Hamburg 8treet Ry. Co.,
Hamburg to Reading; Birdsboro Street Ry. Co.. Birdsboro to Reading; Lima Gradysville & West Chester Electric 8treet Ry. Co., Delaware County; Colwyn & Ridley Park Street Ry. Co.; Clifton & Sharon
Street Ry. Co., Sharon Hill; Trenton Pennington & Hopewell Street
Ry. Co., New Jersey.

&

&

.

.

Frank O. Briggs, State Treasurer of

New Jersey,

is

Presi-

See also V. 75, p. 1302.
The directors (mostly temporary it

dent.

is understood) are as f ol
lows:
Hon. Frank O. Briggs, Trenton, N. J. (President); W. W. Light
(Secretary and Treasurer) and O. S. Geiger. both of Reading; Frank
R. Hansen, Wm. F. Eidell, and Geo. H. B. Martin, all of New Jersey.

V. 75, p. 1302.

Atlantic Coast

75, p. 1354, 1254.

sum

shall not be less than $50,000 annually, the company's taxes
City, Kan. (amounting this year to $27,000), to be deducted.

Kansas

New York.— Decision.—The

Appellate Division of the Supreme Court on Dec. .19 rendered
decisions in a number of cases brought by the city to recover a tax of $50 on each car owned by various railroad lines
in this city. The Court decides that this company as lessee
must in some of the cases pay the tax, which has not been
paid for many years and amounts to a considerable sum. The
Court holds in one or more of the cases that provisions under
the special oharters granted prevent the imposition of the
tax.—V. 75, p. 611, 290.
Michigan Manufacturing, Mining & Ry.— Incorporated.
This company was incorporated in Michigan on Nov. 18,
with $1,500,000 of authorized capital stock to take over the
property of the Michigan Stone & Supply Co. at Schofield,
Monroe County. Mich., and has acquired 520 acres near Dundee, known as the "New discovery," which it will develop.
The company will also own extensive quarries at Lyon City, O.

—

The

directors are:
William C. McMillan, Truman H. Newberry, Don M. Dickinson, United
°tates Senator Russell A. Alger,',8amuel Hunt. President of the Detroit
Southern Railroad; Cameron Ourrie, Thomas F. Smith, and John T.

Shaw,

all of Detroit.

Missouri Kansas & Texas Ry. London Committee Certificates of 1888-9.— The following notice is published:
London bondholders' committee certificates issued during the
years 1888-9 will be redeemel In cash without unification until Deo.
31 at the ofiloe of the English Association of American Bond &
Shareholders, Limited, 5, Great Winchester Street, E. C, at the
following rates: First mortgage bond scrip at 100, second mortgage
bond scrip at 80, preferred stock sorip at f 0, common stock committee's certificates at 20. After Deo 31 all rights of holders in such
certificates will absolutely cease.— V. 75, p. 1087, 733.

Missouri Pacific Ry.— .Bonds.— See St. Louis Iron Mt. &
Southern Ry. below.— V. 75, p. 981, 849.
Mohawk & Hudson RR.—See Unadilla Valley Ry. below.
Monterey (Mex.) Electric Ry. Co.— Incorporated.— This
company was incorporated in New Jersey on Dec, 16 with
$1,500,000 authorized capital stock to carry out the plan of
Sperry, Jones &Co., of Baltimore, for purchasing, extending
and equipping with electricity the existing mule-car lines in
Monterey, Mex. A bond issue is proposed. This company
will own the following properties
Empress Company, with 13 miles of mnle line and other holdings,
:

including a franchise that runs 66 years. Monterey

&

Santa Catalina

Louis Ry.— Status.— This road, we are in- RR., a mule line 15 miles long; franchise runs for 80 years. Maokin
& Dillon concessions for all other streets of Monterey of any value,
formed, ia about completed from Centerville, la., south- about
23 miles; franohise 99 years, with certain tax exemptions.
easterly to Macon, Mo., 100 miles. There are outstanding
The company will oontrol 51 miles of street raUway, and will at
$1,722,000 stock and $1,722,000 bonds. President Reddigsays: once equip thirty miles for operation by eleotriolty.
" The road runs through the great Connellsville coalfields of
New Haven & Middletown Ky.— trojected Lines.— James

Iowa &

St.

the West for a distance of 86 miles. The present capacity of
the mines of the Manufacturers' Coal
Coke Co. is 10,000
tons of coal per day, and this company is controlled by the
same interests as the Iowa & St. Louis RR."
An extension from Centerville to Sioux City, a distance of
approximately 255 miles, is proposed, under the charter of

&

Shaw

of the construction company which is building th©
Worcester Street Ry. (V. 75, p. 1146; V. 73, p.
1159), and W. H.Trumbull of Salem, Mass., a director of
the last-named company, are the subscribers to all except 25 of
the 1,000 shares of stock subscribed for in this company,
which was incorporated on Dec. 14 under the general railF.

Boston

&

:

—

:

;

THE CHRONICLE.

1400

[Vol.

LXXV.

road law of Connecticut, with authorized capital of $500,000 and July 15 at the office of the trustee. The capital stock is
The same interests have incorporated $1,500,000. A circular says:
in $100 shares.
the Middletown &New Haven Ry. Co., with $1,000,000 stock
The Pittsburg & Allegheny Valley Ry. Co. Is Incorporated under the
in $100 shares; the Windsor Locks RR. Co stock $40,000: laws of Pennsylvania, Its charter praotloally covering every street and
highway in the Kisklminetas Valley from Apollo to
the Short Line RR stock $40,000. The "Springfield Repub- also owns all of the stock of the Apollo Electric Light,Leeohburg. It
Heat & Power
lican" is informed that it is proposed to build a through elec- Co., Leeohburg Electric Light & Power Co., the New Kensington Electric Light, Heat & Power Co. and Parnassus Eleotrio LI irh t & Power
tric express line from Boston to New Haven, and later to ex
both bonded and floating, of
tend the system through to New York, either by ihe build- Co., and has retired all the indebtedness, deposited
these corporations. This stock has been
with the trustee as
ing of new lines or by arrangements with other companies. security for the bonds ot the Pittsburg & Allegheny Valley Ry. Co.,
The subscribers to the stock of the New Haven & Middle- whose bonds are therefore a first moitgage upon all the properties.
This company also owns all of the capital stock of tbe KiskiminetaB
town include with others:
Bridge Co., a combined highway and railway bridge oonneotlng LeechCharles E. Perkins. Hartford; 8. Harrison Wagner. New Haven; burg with Hyde Park.
Frank D. Haines, Middletown; Stewart G. Dunning, Hartford; James
Ihe railway line, except in towns, i* located entirely upon private
E. Wheeler, New Haven.
rights of way owned by the company. The local franchises are extremely libera). This territory is noted for Its production of coal, iron
Mr. Wagner is a director of the Fair Haven & Westville
metal
RR. of New Haven and the Middletown Street Ry. Co., and and steel, "Apollo Best Bloom" being known tthroughout the in the
world, while the sheet steel mills In Vandergrif are he largest
Mr. Donning is a director of the Hartford Street Ry. Co.
world. Cheap fuel contributes largely to this pn spertty, ooal and gas
here
> ew Orleans & Northwestern RR.— Successor Company.— being found heavy in almost inexhaustible quantities. Theis freight
traffic is so
in this district that passenger service
badly
This rar Iroad company has been organized as successor of negieoted while virtually In the Pittsburg district, it has only six
trains each way a day. The prtsent population served is approxithe railw ay company, whose property was sold under fore
closure on Sept. 20 last. See St. Louis Iron Mt. & Southern mately 40,000, and Increasing very rapidly. Sanderson & Porter,
eleotrie railway and lighting experts, 81 Nassau St., New York, estiRy. below.- V. 75, p. 666,498.
mate that this property "when completed will earn not less than
It
New Paltz & Ponghkeepsle Traction Co.— Receiver.— On $21 4.000 per annum, and thatcotcan be operated, including its taxes,
under good management, for
to exoeed $114,000, leaving a net
the application of Jobn Hill Morgan of Brooklyn, Justice income of $100,000."
Betts in he Supreme Court on December 20 appointed Joseph
The company was formed on or abiut Dec. 9, 1902, by
A. Duffy of New York City receiver for this company in the
consolidation of the Apollo Vandergrif t & Leechburg Electric
foreclosure suit brought by the Franklin Trust Co. of Brooklyn.
The road extends from Highland Landing to New Paltz, Street Ry., and the Vandergrift & New Kensington Street
Ry. Co. Directors: John Q. Cochrane, S. M. Nelson. TreasN. Y., across the Poughkeer. sie Bridge, a distance of 9 miles.
Hill, J.
A mortgage to secure $100,000 of 5% 30 year gold bonds was urer, Apollo; J. D. Orr, Edward Cochrane,B. Kifer, John P.
K'ttanning.
made in January, 1900. For the year ended June 30, 1901, Klingensmith, Leechburg; S. B.
the gross earnings were $15,813; net, $2,218; interest, $5,000;
Pittsburg Terminal RR. & Coal Co.— Coal for Lake
taxes, $789; deficit, $3,571.
Shipments— The "Engineering and Mining Journal" has the
New York Central & Hudson River RR.- Quarterly.-- following from its special correspondent in Pittsburg:
The Youghiogheny & Ohio Coal Co. Is preparing to engage extenEarnings for the quarter and the six months ending Dec. 31
,

,

i

T

;

i

were
3 mosend.

Gross
Dec. 31
earnings.
1902 (est.). .$19,277,300
1901 (aot.)- 18,412,454
6 mos.
1902 (est.).. 38,753,000
1901 (act.). 37,864,688

—

Other
Interest,
Balance.
surplux.
income.
taxes, etc.
$\825,4< $1,461,700 $5,279,500 $2,010,600
6,350,947 1,352,264 5.2C0.867 2,482,241

Net
earnings.

13.019.S00 2,701,600 10.544,300 5,177.200
13,587,566 2,485,489 10,374,293 5,696,762
Dividends of 134 P er cenfc quarterly Cill for $3,297,900 in
1903, against $2,875,000. leaving balance, surplus, of $1,879 30 J
in 1902, against $2,821,762 in 1901. -V. 75, p. 1302, 1254.

New York

Ontario

& Western Ry.— iVew Line.—The com-

pany on December 22 began operating its new line to Kingston, N. Y., formed by the union of the Port Jervis Monticeilo & New York and the Ellenville & Kingston railroads.
See map on page 102 of Investors Supplement and V. 75, p.
13' 2, 1/.54 and 505.
New York Snsqaehanna
Western RR.- Jersey City
Terminal. "The Jcurnal of Comm-rce and Commercial

—

<fe

Bulletin " says
Reports have been current recently that the Pennsylvania RR. had
refused to continue the lease of terminal faollltles to the Susquehanna
In Jersey City. It appears, however, from lrqulry In well informed
railroad olrcles, that there Is no foundation for this report. Interests
closely identified with the Susquehanna declared last evening that
while they had heard suoh rumors they had reoelved no notice whatever of any change In present arrangements, and they did not look for
any change. The lease of the terminal facilliles to the Susquehanna,
it was stated, dates from June 1, and Is renewed from year to year.
Under Its terms, it Is understood, the lease can be broken on sixty
days notloe, but so far as can be learned no such notloe has been
served.— V. 75, p. 1032, 1028.

sively in the lake ooal trade next season, and will take the entire
produot of the Pittsburg Terminal RR. & Ooal Co., whloh is opening
12,000 acres of valuable territory In this district Three mines have
just been opened, and five others will be opened before spring. The
nult to prohibit the Pittsburg Coal Co. and the Erie RR. from interfering with the Youghiogheny Company in tbe use of the docks at
Cleveland has been decided In favor of the Youghiogheny Company,
and It wl 1 be a strong competitor of the Pittsburg Company next
seaton for the Northwestern trade.

Frank N. Osborn, formerly President of the Pittsburg
is at the head of the new company.
See further

Coal Co.,

particulars in V. 75, p. 1355, 49S.

Railroad Construction in 1902. -Estimate. -The "Railroad Gazette" estimates that approximately 6,025 miles of
new railroad were built within the United States during the
calendar year 1902 by 293 cempanies, contrasting with 5,363
miles by 277 companies in 1901. The figures are exclusive of
second track, sidings, and all electric lines. Rebuilt mileage
is also excluded, except where the work involved such extensive changes in alignment that a new route was established,
Oklahoma leads the list with track laid on 570 miles of new
line.
Texas reports 496 milep; Arkansas 371 miles; Indian
Territory 863; Georgia 336; New Mexico 280; Illinois 232;
Missouri 281; Iowa 210; Pennsylvania 200; Minnesota 167;
and Louisiana, Wisconsin, Florida, Michigan, California,
Mississippi, Ohio, Washington and West Virginia from 130
to 146 miles each.
The new construction for ten years past was as follows:
MILEAGE BDILT IN TUB UNITED STATES.
1902

6,026

1899

4,569

1896

1,692

1891

1.760

S,2«5 1895
8,368 1898
.1,428 U93
3,024
Ohio Connecting RR.— New Stock.— This company of the 1901
1900
2,109
4,894 1897
Pennsylvania system has increased its capital stock from $1,-V.75, p. 30.
000,000 to $2,000,000, to meet the cost of improvements whicn
St. Joseph & Grand Island Ry.— Dividend Passed.—The
are still in progress, inclading new approaches, etc. It will

semi annual dividend of 2}£ per cent on the $5,500,000 noncumulative first preferred stock has been passed, for the
$400,reason,
that
Omaha & Council Bluffs Ry.— New Company—The 000 for aas stated,at St. the company has had to expend equipbridge
Joseph, Mo., and $300,000 for
Omaha & Council Bluffs Ry. Co. ha3 been incorporated in ment.-See V.
75, p. 1029, 907.
Nebraska to take over the Omtha Street Ry. Co., the stock
Ry.— Listed.—
St. Louis Iron Mountain & Southern
of which was acquired in October by J. & W. Seligman &
Co. The new company will lease the Omaha & Council The New York Stock Exchange has listed $1,531,000 addiBluffs Railway & Bridge Co., and will control the street tional unifying and refunding i% bonds of 1929, making the
railway lines in the two cities. Extensive extensions and total lieted $25,726,000. Of these additional bonds $146,000
improvements are contemplated
The authorized stock were issued on an extension of the Mississippi River Hamissue is $5,000,000 preferred stock and $10,000,010 common, a burg & Western RR. from Hamburg to a point near Croasett'a
part of which will be held in the treasury. The details of in Ashley County, Ark., 12-21 miles. The remaining $1,385,the boEd issue have not yet been announced. (Compare 000 bonds were issued for the purpose of acquiring $1,499,100
of tbe capital stock of the New Orleans & Northwestern RR.
Omaha Street Ry., V. 75, p. 842.)
eventually be necessary to

V. 75,

make

the bridge double traok.

p. 981.

Co., being all of the shares of the capital stock of said company, except the number necessary to qualify direotora
there are no bonds of said company outstanding or authorNew York & Long Island RR.— Tunnel ized, said company being free from indebtedness and the
Franchise Signe'd.—M.&yor Low on Tuesday signed the ordi- owner of a line of railroad extendiag from a point on the Misnance granting this company a franchise.— V. 75, p. 1355.
sissippi River, in the town of Vidalia, La., westerly and northPere Marquette RK.— General Manager.— Myron J. Car- westerly to a point on the line between Louisiana and Arpenter, who has long been President of tae Chicago & Eastkansas, a distance in all of 11547 miles of main track.
ern Illinc is RR. (now owned by the St. Louis & San Fran
Earnings.— For the nine month 3 ending Sept. 30, 1902,
Cisco RR.) has resigned to accept the position of Vice-Presi- gross earnings were $12,403 137; net, $1,422,793; other income,
dent asd General Manager of the Pere Marquette system.
$1,132,120; charges, $2,957,298; balance, surplus, $3, 597,616.—
V. 75, p. 1355, 1302.
V. 75, p. 982.
Pittsburg & Allegheny Valley Ry.— Bonds Offered. -The
Sandwich Windsor & Amherstberg (Electric) Ry.Public Trust Co. of Pittsburg, the mortgage trustee, offers Bonds.— The new mortgage secures $600,000 of l { p. c.
for sale at 102 and interest $250,000 of this company's first $1,000 gold bonds dated Dec. 1, 1902, and due D^c. 1, 1923,
mortgage 5 p. c. 30-year gold coupon bonds (free of ail taxes but subject to call at 105 on or after Die. 1, 1912: interest
in Pennsylvania), total issue limited to $1,100,000, dated Jan. payable June 1 and Dec. 1 at office in Windsor, Oat. Of the
15, 1903; denominations $500 and $1,000, due Jan. 15, 1983; issue, $140,003 bonds are reserved to retire the underlying
without option of prior redemption; interest payable Jan. 15 bonds.— V. 75, p. 1303.

Omaha

Street

above.— V. 75, p.
Pennsylvania

Ry.— See Omaha

&

Council Bluffs Ry.

1302, 842.

l

;

December

—

:

THE CHRONICLE.

27, 1902.J

1401

This oompany
experimental plant at Sault
Savannah & Statesborough BR.— Authorized.—The share- owed almost $200,000. and the Ste. Marie. Canada. American Alkali
of
bond issue of $500,000.— Co. had resulted in the seizure of receivership rentthe well as in a numholders on D( c. 20 authorized the
its plant for
as
See V. 75, p. 1303.
oer of suits against the company. A settlement has been reached by
company has been increased, the oredttors
whioh the capital of
Southern Pacific Co.— Direct Entrance Into New Orleans. have agreed to take the
stock of the company in satisfaction of their
Pacific olaims, the Canadian patent rights have been transferred to the oom— A contract has been made whereby the Southern
Co is to ferry its passenger trains across the Mississippi pany, and a bank has agreed to fnrnlsh a sum sufficient to complete
to furnish
small working capital. It Is expected
River from Avondale on the west bank to Harahan on the the third unit, and Mav, 1903.athe completed plant of the Canadian
that by the first of

east bank, at a point about 10 miles above Canal St. (in New
Orleans), and to use some 8 or 10 miles of the tracks of the
Illinois Central and Yazoo
Mississippi Valley companies as
a means of reaching New Orleans and the Union Station,
which is owned by those companies. In other words, the
Southern Pacific will hereafter run its passenger trains
directly into the Union Dapot. Tne Southern Pacific has
also leased from the aforesaid companies a piece cf land at
Harahan for making up its trains, both passenger and freight.
Mississippi
The Illinois Central RR. Co. and the Yazoo
Valley RR. Co. have purchased a number of blocks of land
in the neighborhood of the station, and have in connection
therewith facilities sufficient to handle all the passenger
tra ns of all the rai' roads that rnn into or out of New
Orleans. The relations between the Dlinois Central RR.
Mississippi Valley RR. Co., on the ore
Co. and the Yazoo
hand, and the Southern Pacific RR. Co., have been friendly
for years past, and a large business is and has been inter-

&

&

;

&

changed between them.— V. 75, p. 1303, 395.
South Indiana Internrban (Electric) By.— Mortgage.
This cc mpany, which is building the New Albany Jeifersonvilletnd Sellt-rsburg t lectric line, has filed a trust deed to
secure $350,000 of 5 per cent first mortgage bonds. The company is controlled by the same interests as the United Gas &
Electric Co. of New Albany, eto. (V. 75, p. 847), and, it is said,
will absorb the New Albany Street Ry. Co. and the Jeffersonville New Albany & Sellersburg Ehctric Ry. Co. The abovementioned mortgage is merely temporary, pending formulation of permanent plans.
Unadilla Valley By.— Proposed Extension.—The Mohawk"
& Hudson RR. has been incorporated with $500,000 author,
ized capital stock by the directors of the Unadilla Valley Ry
Co. and their friends to build the extension, long projected!
from New Berlin to Oneonta via Laurens, Morris, Butler
nuts and Pittsfield. a distance of 33 miles. The right of way
is being secured.— V. 72, p. 776.
Union Depot Bridge & Terminal Co., Kansas City.—
Lands Transferred.— Deeds have been filed by the Fidelity
Trust Co. of Kansas City, which holds the several titles in
trust, declaring J. Ogden Armour and Gustavus F. Swift to
be the real owners of 2,683 of the 3,000 acres purchased by
Theodore C. Bates in Clay County. Mo. The total amount
paid for the lands is stated to have been $777,621.— See V. 75,

—

t

p. 1304, 1255.

United Gas & Electric Co. of

New

Albany, Etc.— Mort-

gage—See South Indiana Internrban Ry. above.— V.

75,

p. 347.

United Power & Transportation Co.—-Sale.— See InterState Railways Co. above.— V. 75, p. 1804.
Wages.— Increases Announced. The following increases

—

wages were announced this week: Chicago Milwaukee &
St. Paul Ry. Co. to its engineers and firemen of an increaae
of about 10 per cent; Buffalo Rochester & Pittsburg Ry. to
most of its employes a 7 per cent increase, effective Dec. 1
Queen & Crescent RR, system to its engineers, firemen, con
ductors and trainmen, from 5 t) 10 per cent, effective
in

Dec.

1;

clerks at

Grand Central

Station, this city, to receive

an advance of from 6 to 7 p. c.
Weatherford Mineral Wells & Northwestern By.— Mortgage.— The new mortgage for $1,354,000 has been filed to the
Continental Trust Co., New York, as trustee.— V. 75, p. 1356.

INDUSTRIAL. GAS AND MISCELLANEOUS.
American Alkali Co.— Circular.— Receivers Arthur K.
Brown and Htnry I Bndd Jr. have sent to the shareholders
circulars dated Dec. 23, reciting the efforts in May last to
effect a reorganization and the successful settlement of the
difficulties of the Canadian Electro Chemical Co., and also
demanding from the shareholders of the American Alkali
Co. the payment of the balance of the first instalment of the
assessment of $2 50 per share which was levied on 8ept. 12,
This assessment, it is stated, will enable the company
1901.
to pay its debts and end the receivership. If payment is not
made by Jan. 8, 1903, the receivers, acting under orders of
Nov. 11. 1902, from the Circuit Court of the United States
for the District of New Jersey, will etforce it by legal proceedings.
The circular says in part:

The

assets of the

comrany

oonslt-ted (on Sept. 11. 1902.) of a few
a claim against W. W. Glbbs to recover profits made In the organization of the company; the stook cf
the Canadian Electrochemical Co Limited, and its Indebtedness to
your company of about $lOO,0OO. and olalms against its own preferred ttoekholders for the assessment levied by the board The
debts, besides the $50,000 notes held by a certain Mr. Peeram of Liverpool ibelng th6 last portion of the $1,000,000 originally contracted to
be paid to the Commercial Devtlopment Corporation, Limited, for its
patent r.ghts), amounted to about $22,000 of open aooounts, Including notes held by banks, New Jersey 8tat© tax, counsel fees, ecc. A
pait of the preferred stockholders, having paid the eeoi nd and third
instalments, were equitably entitled to be placed on an equal footing
with those who had paid only the first Instalment.
The most Important matter engaging the attention of the receivers
was the settlement of the affairs of the Canadian Electro Chemical
Co., Limited, a subsidiary company, whioh owned and operated an

hundred dollars In bank;

,

Electro Chemical Co., Limited, will be In operation.

The receivers state that the suit brought by Mr. Pegram
against the American Alkali Co. to recover on the notes aggregating $50,000 above mentioned, will be vigorously defended, and that the suit in equity filed by the company
against W. W. Gibbs is being prosecuted as rapidly as the
law will permit— V.

75, p. 1148, 108?.

—

American Bicycle Co. Plan. The reorganization committee, William A. Read. Chairman, and Central Trust Co.,
depositary, after a careful examination by the Audit Company of New York, has prepared a plan of reorganization of
which the following is a digest:
The indebtedness cf the American Bicycle Co. and of the
constituent companies (other than debentures) was on Nov.
1st, 1902, estimated as follows, the capital stock owned by
the parent company in the constituent companies being also
shown
Floating
Slock
indebtedness.
owned
of company.
x$117,8'<z3
Ameiioan Blcyle Co
zAmerloan Cvcle Mfg. Co. (V. 73, p. 135*)
746,846 a$9,000,000
OarCo. (V. 73, p. Ia58).... 80f^,205 ay2,000,000
International Motor
436,734 by3,200,000
Federal Manufacturing Co
National Battery Co. (majority interest owned)
215,000
American Wood Rim Co. (minority Int. owned)
146,500

Name

$1,506,608 $13,561,500

Total

a
b

This is the entire issue.- Ed.
This Is entire issue except about $175,000.— Ed.
x After deducting receivers' certificates for $108,791 issued but
remaining in the hands of the receivers Nov. 1, 1902.
y Pledged to secure reoel vers' certificates amounting In the aggregate to $500,000.
z In the hands of receivers appointed by the Ucited States Circuit
Court for the Northern Distrlot of Illinois In bankrupt prooedlngs.

The new company

shall authorize the following securities:

Six per cent ciimulaiive first preferred stoct (subjeot to call at 110),
preferential both as to assets and dividends and tntitled to reoelve
a dividend, If deolared, to the extent of 6 per cent per annum, beginning Feb. 1. 1903, payable out of the net profits of each fiscal year
before any dividend for such year shall be paid on either the second
preferred stock or the common stock and without deduotion for any
taxes which the new company may be rsquired to pay or retain therefrom. No dividend shall be paid upon any second preferred stock
or common stock In any fiscal year until the first preferred stook
shall have reoeived fnil 6 per cent dividends for eaoh preceding
fiscal

$2,500,000

year

To be sold at par to provide for

floating debt, expenses

of reorganization, eto.
Preferred slock, 6 per cent non-cumulative second preferred stock entitled to receive (afterpayment of the
full cumulative dividend on the first i> referred stock)
a non-cumulative dividend, if declared, to the extent
of 6 per oent per annum, beginning Feb. 1, 1903, payable out of the surplus or net profits of eaoh fiscal
year before any dividends for such year shall be paid
on the common stook and without deduotion for any
taxes which ihe new oompany may be required to
pay or to retain therefrom. Preferential over the
oommon stook in respect both to the assets and div 1dends. Total authorized
$10,000,000
Of whioh for existing debentures at par....
$9,123,000
Reserved for treasury or to raise additional cash if
required
877,000
Oommon stock to procure new cash in connection wilh
the first preferred stook for use in connection, with
the reorganization.
$10,000,000
All the stock will be In shares of $100 eaoh.
Voting Trust. - All of the first preferred and seoond preferred and
oommon stock (exoept the shares to qualify directors) will be issued
to the reorganlzatlc n committee or to such persons as it may designate
as voting trustees, to be held and voted on by such voting trustees as
the owners thereof for five years next succeeding the date of (its Issue,
as a part of the reorganization herein proposed, and none of such
shares will be delivered or distributed until after the expiration of

said five years.

Mortgages— New Stock.— No mortgage shall be put upon the property or the amount of first preferred or seoond preferred stook increased, exoept w'th the consent of the holders of three-fourths in
amount of the first preferred stook. The amount of seoond preferred
stock shall not be increased exoept with the oonsent of the holders of
two thirds in amount of the second preferred stock and two-thirds lu
amount of the oommon stook.
Holders of deposited and assenting securities will be entitled to receive in

exchange new stock as follows:
Will receive

Holders of
each $ ,ooo debenture

Upon

New

1st

New 2d

>

New
common

cash
preferv ed preferred
payment.
stock.
stock.
stock.
$1,000
$9
$50
$9
Common stock ($17,7C1, 500).
9
25
9
The oash payments of $9 per share to be made by holders of old
stook are to be payable to the Central Trust Co. of New Yoik In three
equal instalments, eaoh instalment to be payable when and as called
for by the committees, on ten days' notice by advertisement.
The cash requirements of the plan have been underwritten
by a syndicate, which will make all the cash payments applicable to the shares of non- assenting stockholders and
receive the stock to which suoh non-assenting stockholders
l

t%

$100

rtock.

debentures ($9,150,000)..
Preferred stook ($9,294,900).

would have been ntitled. Excluding debenture sinking fund
cbarge of $250,000 of old company, the reduction in charges
ahead of the common stock is $358,643. The total cash provided by stock holders will be $2,429,676.
Ic is the purpose of this plan to pay or to provide for all outstanding debts and to turn over all the properties to the new
company unencumbered. "Thus the new company will begin
butinees free from debt, and, with the balance of cash re<=

——

—

THE CHRONICLE.

1402

maining after payment of debts and expenses, and with the
cash assets of the new company, having a working capital
which it is confidently believed will be amply sufficient to
insure successful operation."
Holders of the debenture bonds, preferred and common
stock, are requested to deposit them with the Central Trust
Co. of New York not later than Jan. 7 in exchange for negotiable' reoeipts.
When in the judgment of the committee a
sufficient amount shall have been deposited, the plan will be
declared effective. See also advertisement on another page.
Opposition, The bondholders who object to the plan have
employed Sullivan & Cromwell to assist in the organization
of a protective committee and to prepare a more acceptable
plan.— V. 75, p. 1304, 1255.

—

American De Forest Wireless Telegraph Co.— Incor— This company has been incorporated in Maine
with $5,000,000 authorized capital stock. President, Hiram
Thomson; Treasurer, Wm. P. Huelin, both of Kittery, Maine.
See De Foreet Wireless Telegraph Co., V. 75, p. 500.
American Heat, Light & Power Co.— Prospectus.— This

porated.

—
[Vol.

LXXV.

amounts to about $2,500,000, and that monetary conditions in
Canada have not been favorable towards the raising of new funds for
construction purposes, or of selling new stock to retire the debt and
provide funds for the completion of all the plans of the management.
This situation may have had more to do with the sudden decision to
abandon plans for the building of a steel rail mill than the many
months' study of the situation by President Boss.

Coal Contract.— See Massachusetts Q-as Co., V. 75,

—V. 75,

p. 1257.

p. 500, 293.

Eastman Kodak Co.— Listed in London.—The London
Stock Exchange has appointed a special settling day for
$4,664,800 cumulative 6 p. c. preferred stock, $15 053,600
common stock ($100 each), and a further issue of $1,518,600
preferred and $3,741,700 common stock, in accordance with
rule 115. This is a consolidation per plan in V. 74, p. 939.
V. 75, p. 735, 613.
Electric Storage Battery Co. Negotiations —Rumors of
negotiations for the purchase of this property and the Stanley
Electric Manufacturing Co, by new interests have long been
in circulation.
The reports this week have taken more definite shape, although representatives of the General Electric
Co. and the Stanley Electiic Co. deny that their companies
are concerned in the deal as has been reported.— V. 75, p. 909.

company, until recently known as the United States Heat,
Light & Power Co., claims to own the lights and patents of
one James J, Johnston for making cheap fuel and light "by
Indestructible Roadbed Co.— Judgment —This company,
forcing air through crude oil, 90 p. c. air and 10 p c. oil incorporated in May, 1899, under West Virginia laws, with
being used." Authorized capital stock $6,000,000, in one a capital stock of $1 000,000, to construct railroad bed with
dollar shares; "the first allotment" of $100,000 is offered at
40 cents per share. President, John W. Mitchell; effije,
Broadway Chambers Building, corner Broadwav and Chambers Street, N. Y. City.
W. H. Clarke of W. H. Clarke
Sons, 115 Nassau Street, is a director.— V. 75, p. 1204.

&

American Screw Co.— Dividend.— This company has declared a dividend of 2 per cent, payable Dec. 31, "from the
earnings of the year 1902." The last dividend, paid Dec. 31.

c—

was \M p.
V. 75, p. 1356, 1205.
British Westinghonse Electric ic Manufacturing Co.—
See Westinghouse Electric & Manufacturing Co. below.
V. 73, p. 1113.
Bruaswick-Balke-CollenderCo., Chicago, 111.— Mortgage.
A mortgage has been made to the Onion Savings Bank &
Trust Co. of Cincinnati, as trustee, to secure $600,000 of 5 p.c.
bonds dated July 1, 1902, and due $60,000 annually, beginning
July 1, 1903; interest payable semi-annually, it is stared, on
June 1 and Dec. 1. The mortgage covers the company's
entire property, including the plant at Superior and Orleans
St., Chicago, for the manufacture of billiard tables, office
and bar fixtures, etc. The company is an Ohio corporation;
capital stock at last accounts, $1,500,000. Preeident, Moses
Bensinger. New York office, 227 4th Ave.
Clairton Steel Co.— Purchase.— See Crucible Steel Co. below.— V. 75, p. 908, 32.
Consolidated Lake Superior Co.— Loan Obtained.— Arrangements have been made with Speyer & Co. of New York
and associated banks and trust companies of Philadelphia
for the loan of $3,500,000, referred to last week. Provision
will be made for a representation of the banking interests
of New York and Philadelphia in the board of directors.
Speyer & Co. have close relations with the Pennsylvania RR.
Co., and it is understood that the presence of Vice-President
Rea and P;evost of that ro>id in the directorate of the Lake
Superior Company had much weight in the making of the
1901,

—

loan.

Compare

Broadway.
International Postal Supply Co.— Securities.— This company, mentioned last week, has issued no bonds and as yet
has paid no dividends, V. 75, p. 1357.

—

International Steam Pump Co. Authorize i,— The shareholders on Tuesday approved the proposition to issue $3,500,
000 of convertible debentures. Compare V. 75, p. 1357, 1305.

Jamaica Bay Turnpike Co.— Favorable Decision.—The
Court of Appeals has denied the application of D.wid Cavello
for an injunction to prevent the company from bnilding its
road by trestle across certain lands under water to which he
obtained a grant from the town of Hempstead. Compare
V. 74, p. 936.

Lackawanna Steel Co.— New Plant.—This company, which
has been expending $15,0U0,000 in the establishment of a steel
plant on the water-front at Buffalo, has received its first
steamship load of iron ore, 6,200 tons, and will shortly be
turning out steel
The plant will manufacture plate and all
classes of structural steel and other materials in addition to
steel rails and billets; it will have a total capacity for the
production of not less than 1,250,000 tons of finished product
per annum. The directors were named in V. 74, p. 1142 and
an official circular was in V. 74, p. 429.— V. 74, p. 1142.
Laclede Gas Light Co., St. Lonis.— Coupon Notes Sold.—
The companv has said an additional $350,000 coupon notes
due Feb. 1, 1911, making $850,000 outstanding.— V. 73, p. 141.
Louisville (Ky.) Heating Co.— Officers —Col. R. T. Durrett has been elected President. Daniel E. Doherty VicePresident, and E. L. McDonald Secretary and Treasurer.
The preferred stock is now ready for distribution at the
National Trust Co., Louisville. The Kentucky Heating Co.
has not gone out of existence, and, it is said, probably will
not do so for a year or more. V. 75, p. 1205.

—

V. 75, p. 1356.

Consolidated Tobacco Co.— See Weissinger Tobacco Co.
below.— V. 75, p. 1256, 785.
Crow's Nest Coal ro.— New Stock.— A Canadian paper say.'?
that the entire allotment of 40,000 new shares which the directors were authorized to issue has been taken up by the
shareholders themselves at $62 50 per $25 share.— V. 75, p.
1149; V. 72, p. 186.
Crucible Steel Co.— Purchase of Iron Mining Property,
The Clairton Steel Co., which is controlled by the Crucible
Steel Co., has purchased a majority of the capital stock
[$500,0(0] of the Champion Iron Co. of Marquette County,
Mich., and will buy the minority interest on the same basis;

—

commonly reported as $1,100,000 for the entire
The property has an output of about 100,000 tons of
bessemer (hematite)ore yearly and, it is said, comprises some
thousands of acres, The Shenango Furnace Co. is interested
this
issue.

concrete instead of wooden ties, nas confessed judgment for
$51,928 in favor of President James McLain.
Office, 45

is

Manufacturers' Coal & Coke Co., Kansas City, Mo.—
Statu*.— President H. F. Reddijj has favored us with the
following:
This company was incorporated on the 24th of May, 1901, under
the laws of Missouri, with oapltal stook of $2,O0O,O(.O. The company
owns under leasehold an! in fee simple over $50,000 acres of coal
land in Northern Missouri, known as the Connelsville District, and In
Southern Iowa, all tributary to the Iowa & St. Louis Railway. It has
in operation ten large mines completely equipped with machinery,
eleotrio coal cutters, etc, and a oapaolty of two million tons per year.
Dividend on stook of 13» p. c, payable quarterly, has been deolared,
payable January, April, July and. October. Directors: H F. Reddlg,
Kansas City; H. H Kendrlok, Kansas City, and J. B Delaney, Connelsvi le, Mo. Oflloers: H. F. Readlg, President; J. B. Delaney, VicePresident, H. H. Kendrlok, Secretary and Treasurer.

See Iowa &St. Louis Ry. under "Railroads" above.
Marconi Wireless Telegraph Co.— Successful Transmission of Trans Atlantic Messages. Mr. Marconi announced

—

on Monday that wireless telegraph communication had
been established
between Glace Bay (Cape Breton),
Cuyahoga Telephone Co.— Coupon Payment.—The coupon Nova Scotia, and Cornwall, England, with complete success.
due July 1. 1902, was paid with interest (62 cents) at the
The following message was received at Cornwall by wireless
Dime Bank, Cleveland, on Dec. 23.— V. 75, p. 983, 79.
telegraphy from the special correspondent of the " London
Dominion Iron & Steel Co.— Bounty Decision.—The Ex- Times" at Grlace Bay:
chequer Court at Ottawa on Dec. 5, gave the company a
Being present at its transmission in Slgnor Marconi's Canadian
judgment for $196,000 against the Dominion Government for station, I have the honor to iend through " The Times " the Inventor's
wireless trans Atlantio message of greeting to England and
bounties due on steel made by continuous process from the first
Italy.-V. 76, p. 552, 506.
ore without the metal being allowed to cool. A special bounty
Miami & Erie Canal Transportation Co.— The company
was offered for steel made from Canadian pig, but unless
is now ready for business as far as Hamilton and it is the inthe pig-iron is allowed to cool, tee Attorney General held it
extend the route to Toledo as soon as possible.
was not "pig" within the meaning of the law. The Court tention to leive
Boats will
the warehouse ;twioe.daily, making regular
holds otherwise.
"Cleveland Finance" says
trips.
Rail Mill Plan Reported in Abeyance.—The " Boston News
It Is understood that the Elklns-Wldener syndloate has purchased
Bureau" says:
$200,000 more of the Ml * ml & Erie Canal underwriting and paid for
in the deal.— V. 75, p. 904, 850.

:

We are informed from Montreal that while the rail mill was contemplated In the original plans, Mr. Ross has given the whole subject
a study for many months, and his ooDOlaslon is that the greater profit
will attaoh to the manufacture of miscellaneous structural work for
which there is a wider and more even demand than for rails. The
building for the rail mill has been ereoted and it can|be used for either
purpose. It is understood here that the floating debt of the company

the same, making their total purohaaes of this nndt-i writing aggregate
about #300,000. If the company Is able to necur* the right to operate
trolley oars for passenger and freight trailio on the banks of The oanal,
that portion of their line in Cincinnati alone will undoubtedly be worth
more than the present prices for the securities. Should they fall to
get these tights, it Is bard to see just bow there is very much value In
lhe stook.— V. 75, p. 1257, 457.

—
December

THE CHRONICLE.

27, 1902.]

Mobile Co. of America Corporation.— New Stock.— The
shareholders will meet at the office in Denver, Col., on Jan.
12th, to authorize an increase in the capital stock from
$1,000,000 to $4,000,000, part of which to be preferred; also
to approve the making of a new or additional mortgage
upon the property securing the company's issue of bonds
which are now outstanding, these last having been authorized by the directors on or about May 12, 1900. John
Brisben Walker, Kingsland Point, Tarrytown, N. Y., is
President.— V. 71, p. 1015.

1403

prices recently prevailing. It will also produce a saving in
the annual franchise taxes payable to the State of New Jersey alone of $1,750. Moreover, with all the stock of one
class " the possibility of a conflict of interests will be avoided,
and with the decreased capital stock, such a3 proposed, the
earnings on the basis of the year ending June 80, 1902, will
be fully 9M p. c."— V. 61, p. 1014.

Richmond

(

ern Telephone

Va.) Telephone Co.— Purchased.— See SouthTelegraph Co. below.— V. 74, p. 1312.

&

Borne (Ga.) Gas Light Co.— Foreclosure.— Judge Newman,
Monterey (Mex.) Iron & Steel Co.— Large New Plant— in the United States Court at Atlanta on Dec. 18, ordered
Twelfth Instalment.— This company expects to have its large
of
The the foreclosure sale of this property on petitionthe the Censteel plant at Monterey, Mex., in operation by Jan. 15.
mortgage
tral Trust & Safe Deposit Co. of Cincinnati,
company was organized in May, 1900, its exact title being trustee. Compare V.
78, p. 725.
Compania Fundidora de Fierro y Acero de Monterey; its
the
capital stock is $10,000,000 gold. The twelfth instalment on
Southern (Bell) Telephone & Telegraph Co.— Purchase.
the stock was payable by December 15, making 65 p. c. — The company announces that it has purchased the Richof the entire issue paid in; par value of shares $100. The mond Telephone Co., but will take it over only by full consent of the City Council and with public approval.— V. 73, p.
company is a Mexican corporation.
Tne "Engineering <& Mining Journal" of Nov. 1, 1902, in an 902.
interesting article regarding the enterprise, says in part:
Spring Valley Coal Co.— Called Bonds —Thirteen mortThe main reason for looating the plant at Monterey was that a circle gage bonds of 1889 will be paid at the New York Security &
drawn with Monterey as a centre and the distance from Monterey to Trust Co. at 102)£ ex Jan. 1, 1903, coupon, on and after Jan.
Laredo as a radios will oontain all the known deposits of iron ore of
bessemer quality and the greater part of the available coal in the Re- 2, 1903. Interest will cease on the above bonds on Jan. 1,
Moreover, Monterey Is connected with all the Mexioan trunk
railroad lines, and possesses, therefore, oheapness In assembling the
raw materials, means for wide distribution of the produot, and a sufficiently large population to supply the necessary labor.
The oompany's iron mines are on the Oarrizal Mountain, on the National RR. of Mexioo, and at Monolova, on the Mexioan International
RR. At the former locality two mines. Pledra Iman and the Anlllo de
Hlerro, sufficiently large to supply all present needs, are now under
development. The company owns 30,000 acres of the Laredo coal
field and is largely interested in that of Barroteran. Developments
made in the latter Held by the Mexioan Coal & Coke Co. show a coal
seam 9 feet thick and of a quality suitable to the manufacture of ooke
for blast furnaces. Monterey is tn a district which furnishes limestone of exceptional quality and In Inexhaustible quantity. Ores varying from 40 to 55 per cent of metallic manganese and low In phosphorus are available, so that the manganese required for the steel

public

manufacture need not be imported.
Ihe plant is located on a tract of about 600 acres, three miles east of
Monterey. The buildings, of steel frame and brick, were erected
by the American Bridge Co. The capacity per annum maybe stated
billets
in tons as follows: Rails, 40,000 beams and shapes, 40,000
and bars. 10,000; pig iron, 30,000; castings. 8,000 total, 128.000.
The mills are planned for a much larger output than this, and could,
in faot, take oare of the produot of four blast furnaces.
Vicente Ferrara of Monterey is President and Antonio
Basagoiti and Leon Signoret of the City of Mexico, and other
leading citizens of Mexico and Monterey, are interested, and
Mail advices
also Eagene Kelly of 5 Beekman St., this city.
from Mexico state that the company's shares "continue to be
in good demand at and around $100."
;

Nashua (N. H.) Cotton Mills.— Consolidation.—The shareholders of this company and of the Jackson Cotton Mills on
Dae. 17 authorized the directors to present a bill to the next
session of the New Hampshire Legislature permitting a consolidation of the two companies. Both plants are located at
Nashua, N. H.. and Frederick Amory is Treasurer of both
companies. The Nashua Mfg. Co. has a capital of $1,000,000,
the Jackson Co. $600,000.

New Omaha Thomson-Houston

Light Co.,
Omaha, Neb —Called Bonds. Twenty-eight first mortgage
6 p. c. bonds of 1889 have been drawn and will be paid at 105
and accrued interest at the American Loan & Trust Co.,
Boston, on Jan. 1, 1903. The outstanding capital stock in
1901 was, common, $600,000, and preferred $303,000, the latter

—

Electric

receiving dividends at the rate of 6 p. c. per annum; first 6s
due 1919, $312,000. President, F. A. Nash.—V. 71, p. 1273.
Pittsburgh Coal Co.— See Pittsburgh Terminal
Coal
Co. under "Railroads" above.— V. 75, p. 984, 669.

RR &

Qaeens Borough CJas & Electric Co., Far Rock away, Etc.,
N. £.— Mortgage. A mortgage has been filed to the Guaranty Trust Co., as trustee, to secure $2,000,000 of 5 p. e gold
bonds. These bonds are for $1,000 each, and are due July 1,
1952, interest payable Jan. 1 and July 1. Of the amount authorize 1, $400,000 bonds are reserved for future acquisitions and
improvements, $1,200,009 are issuable forth with upon the resolution of the board of directors and $400,000 are reserved for
the sole purpose of retiring the following existing bonds at
or before maturity, viz
Qaeens Borough Electric Light &

—

:

mortgage

5s of 1898 due Oct. 1, 1928 $250,000 (interest pavable April 1 and Oct. 1) and Town of Hempstead Gas & Electric Light Co. first mortgage 5s of 1891
due Feb. 1, 1931, $150,000 (interest payable Feo. 1 and Aug,
A. H. Bronson is President and Nelson C. Thrall, Sec1).

Co.

retary.—V.

first

—

Taylor Signal Co. New Stock. The shareholders will
meet Dec. 29 at the office, No. 1738-1756 Elmwood Ave., Buffalo, to vote upon a proposition to issue $300,000 second preferred stock, entitled to 6 p. c. cumulative dividends, and in
addition, after payment in any year of 6 p. c. on the $400,000
common stock, to dividends equal to one-half of whatever
further dividends may be declared upon the common stock
in »ny such year. The first preferred stock is $100,000, 8
p. c. cumulative; common stock $400,000; debenture 6s
8200,000.
W. W. Salmon, President, and George D. Morgan,
Secretary.— V.

70, p. 949.

Temple Iron Co.— New Bonds.— The shareholders on Dec.
from

19 authorized an increase in the bonded indebtedness
$2,826,000 to $3,326,000.— V. 75, p. 926.

;

;

Power

1903.

75, p. 669.

Rand Drill Co., Mount Pleasant, Westchester County,
N. Y.—New stock. —This New York State corporation has in
creasedits authorized stock from $250,000 to $1,250,000. Jasper
R. Rand is President, office 128 Broadway, N. Y. City.

Rhode Island Perkins Horse-Shoe Co.—The directors
have sent a circular to the shareholders recommending that
the stock be decreased from $2 750,000 to $1,000,000, all of
one class and in $100 shares. Holders of the present preferred stock [$1,750,000] are to receive 36 per cent of their
present holdings in common stock and in addition, pro rata,
$190,000 stock and $41,875 in cash to represent the 13^ p. c.
($231,875) of accumulated dividends. The holders of the
common stock ($1,000,000) will receive 18 per cent of their
present holdings in common stock. The reduced capitalization, it is believed, will make the market price of each share
not only actually, but relatively, higher than the market

(William R.) Trigg Shipbuilding Co. of Richmond, Ta.
—Receiver.— At Richmond on Dec. 23 tnis company was
placed in the hands of Vice-President Lilburn T. Myers as
receiver by Judge Gripnan of the Chancery Court on a bill
filed by S. M. Hawls & Co. for supplies furnished the company, amounting to $2,048. The company has outstanding:
First mortgage bonds, $1 ,000.000; preferred stock, $750,000;
common stock, $1,000,000. Claims and liens aggregating
$150,000 have been filed.— V. 74, p 1312.
United States Shipbuilding Co.— Earnings.— In the ap-

New York Stock Exchange to list its securithe company furnishes the following statement of
earnings for the quarter ending Nov. 30, 1902, being the first
three months of its existence:
Net earnings for quarter ending Nov. 30, 1902, of United
States Shipbuilding Co. and its constituent companies,
including Bethlehem 8teel Co..
$1,163,022
plication to the

ties,

Deduct:
Reserves on estimated profits on contract work in ship-

$74,138

building construction

Accrued interest and sinking fund payment on
States Shipbuilding Co.'s bonds for quarter

all

United
391,667

Balance, surplus
1090, 984.

$697,217

—V. 75, p.

United States Telephone Co. of Ohio.— Earnings.— The
earnings are reported as follows :
Period.
October, 1902
8 months to Oct. 31

Qross.

Net.

$28,555
200,156

$13,168
89,915

Bond

int.

Bal., sur.

$7,771
62,167

Coupon Payment.—The coupons due July

1,

1902,

$5,397
27,748

were

paid with interest on Dec. 23 at the Cleveland Trust Co.

—V.

75, p. 1044, 984.

Universal Tobacco Co.— See Weissinger Tobacco Co. below.—V. 75, .p. 803.
(The) Utah (Beet) Sugar Co.— Merger,— This is the name
of the new company formed by consolidation of the Utah
Sugar Co., owning a large beet sugar plant at Lehi, Utah,
and the Bear River Water Co. of Utah. In the merger the
$3. 000,000 existing stock of the Utah Sugar Co. is retired,

and in place of each $10 share-there is issued one and a-half
shares of preferred 7 p. c. cumulative preferred stock and
ooe and a-half shares of common. The authorized stock of
the new company is $6,000,000, of which $3,000,000 is pref.;
par value of shares $10. There are also outstanding $380,000
of 6 p. c. gold bonds, part of issue of $400,000, secured by
mortgage to the Security Co. of Hartford, Conn., as trustee.
These bonds are retired $10,000 annually for 20 years from
August, 1895, and then the remainder will fall due. The
property of the Baar River Water Co consists of a very
large irrigating canal system and 35,000 acres of land, the
whole system having originally cost, it is said, upwards
of $4,000,000. The Utah Sugar Co. has paid for several years
dividends of 12 per cent per annum. The company is reported to be pushing the construction of a new sugar factory at Garland, Utah, and of the power plant at the mouth
of Bear River Canvon, %% miles north of Collinston.
Officers: President, Joseph F. Smith; Vice-President and Manager, Thos, R. Cutler; Secretary and Treasurer, Horace G.

Whitney.— V.

74, p. 584.

iBTettmem News Continued on Page 1414.

:

:

THE CHRONICLE.

1404

f^epxrrts

I

Vol,.

LX£V.

un& J^Btnmtuts.

SOUTHERN PACIFIC COMPANY.
EIGHTEENTH ANNUAL REPORT— FOR THE YEAR ENDED JUNE

New
To

30,

1902.

York, November

25th, 1902:

the Stockholders

The Board
and

of Directors submit herewith their report of earnings and expenses, together with statements of the assets
the Southern Pacific Company and Proprietary Companies for the fiscal year which ended June 30, 1902.

liabilities, of

PROPERTIES AND MILEAGE.
The transportation

lines constituting the

Southern Pacific System June

30, 1902,

were as follows

Main

1.— Mileage of lines belonging to Companies whose capital stocks
cipally OWNED BY THE SOUTHERN PACIFIC COMPANY :
(a)— Operated by the Southern Pacific Company nnder leases to it
Southern Pacific Railroad
South Pacific Coast Ry
Central Pacific Ry

were

Beeond

Track.

Divisions.

Track.

River and
Sidings.

Ocean
Lines.

prin-

Oregon & California RR
(b)— Operated by Companies owning the lines
Morgan's Louisiana & Texas Railroad and Steamship Line
Louisiana Western RR
Texas & New Orleans RR
Galveston Harrisburg
San Antonio Ry
Galveston Houston & Northern Ry
Houston East & West Texas Ry
Houston & Sbreveport RR
New York Texas & Mexican Ry
Houston & Texas Central RR
Cromwell Steamship Co

*3,267-554

56-269
8-517
14-953

101096
1,359-020

671710

84617
4329

<fc

Carson & Colorado Rv. (narrow gauge)
Southern Pacific Co. Steamship Line
II.— Mileage of lines belonging to Companies whose capital stocks were principally OWNED BY THE MORGAN'S LOUISIANA & TEXAS RAILROAD & STEAMSHIP

300
3 00
3-69

315

100

477 33

1,375

9690

:

CO.,

Ferries.

323770

35-870

164-270
39.V330

15986
3893

3890

117-82

917000

18910
1342
2987

53-440

190690
39050

3-74

122-410

13 25

668730

16043

299-620

2238

1,800
i'ioo

BUT WHICH WERE OPERATED BY COMPANIES OWNING THE LINES:

& Vermilion RR
Direct Navigation Co

16 130

Gulf Western Texas

&

2-86

111-200

Iberia

16 53

75
Pacific

Ry

Total Mileage of Proprietary Lines.
III.— Mileage of lines belonging to Companies

8,701,020

119-499

2,231-88

10-69

5,365

5,365
5,365

wnosE capital stocks were owned

OTHERWISE THAN BT THE SOUTHERN PACIFIC COMPANY, BUT WHICH WERE OPERATED BY THE SOUTHERN PACIFIC COMPANV, UNDER LEASES
:

New Mexico & Arizona RR

88100
262597

Total mileage of Leased Lines.

Co. until

September

2,25745

10-69

2,104-53

1069

34-837

RR
1,

119499
107269
12-230

15292

9.051 717

Increase.

'Includes Southern Pacific

2557

9,016880

Total mileage June 30, 1902
Total mileage June 30, 1901.

Fe Railway

798
1759

350-697

Sonora Railway

Co. line from Mojave, Cal., to The Needles. 242 507 miles, which
1979, for an annual rental of $218,133 00, U. S. gold coin.

is

leased to the Atchison Topeka

&

Santa

The details of the mileage of the railroads owned or leased, and of the ferries and water lines, are shown in Table No.
of the Comptroller's report (in pamphlet).
Since the last report the lease under which the Southern Pacific Company operated the railroad and steamship lines
of the Morgan's Louisiana & Texas Railroad & Steamship Co., and the railroad of the Louisiana Western Railroad
Co was terminated December 31, 1901. Said properties have since been operated by their own organizations.
The following changes have also oscarred in the corporations owning the lines operated.
Houston & Texas Central Railroad. Under an Act of the Legislature of the State of Texas, approved March
28th, 1901, the Houston & Texas Central Railroad Company was authorized to purchase, own and operate the railroads of
the Central Texas & Northwestern Railway Co., the Fort Worth & New Orleans Railway Co., the Austin & Northwestern Railroad Co. and the Lancaster Tap Railroad. With the exception of the Lancaster Tap Railroad, these railroads
were acquired by the Houston & Texas Central Railroad Company on August 22d, 1901. The mileage of tbe railroads
thus acquired aggregated 162-40 miles of main track and 2320 mdes of sidings.
Southern Pacific Railroad. Under the laws of the State of California and of the Territories of Arizona and New
Mexico, the Southern Pacific Railroad Company (of California), the Southern Pacific Railroad Company (of Arizona) and
the Southern Pacific Railroad Company of New Mexico, by articles of consolidation dated February 26th. 1902. amalgamated and consolidated their capital stocks, debts, properties, assets and franchises, vesting the same in a consolidated
and amalgamated corporation, under the nam* and style of the Southern Pacific Railroad Company The mileage
consolidated by this Act aggregates 3,267*55 miles of
lin track and branches and 56-27 miles of second track.
The number of miles of railway operated this year as compared w th the preceding year was not changed by the
above-mentioned purchases and consolidation.
There were added to the existing lines since the last report, by the construction of new lines. 4498 miles of main
track, as follows:
Louisiana & Western Railroad. An extension from Gueydan to Abbeville, 23*60 miles in length, opened for
business May 1st, 1902.
Texas & New Orleans Railroad.— On April 20th, 1902, the Dallas Division was completed from Frankfort to Jacksonville, a distance of 1587 miles; and on December 10th. 1901, an extension was built from Boiito Junction, on the Sabine Division, to Mahl, a distance of 5*51 miles, making total additions during the year of 21-38 miles.
The total additions to the operated mileage of the Company's lines since its last report (after deducting 514 J miles
net decrease from changes in location of lines and 5*00 miles transferred from main track mileage to sidings) were 84*887
miles of main track. 12 230 miles of second track and 152*92 miles of sidings.
Excluding the Mojave Division, leased to the Atchison Topeki & Santa Fe Railway Company, the operated mileage
of the Company's lines on June 30th, 1902, comprised 8,458*13 miles of 'Proprietary'' and 350*697 miles of "Non-Proprietary" lines. The average number of miles of road operated for the year was 8.757-4S miles.
1

,

—

m

—

INCOME FOR THE YEAR
The gross receipts and disbursements of theSouthern Pacific Company in respect to its leased lines, and of Proprietary
Companies in respect of lines not leased, and the other receipts and disbursements of the Southern Pacific Company and
of all Proprietary Companies, were as follows
:

j

December

27, 1902.

THE CHRONICLE.
Tear Ending

June

30, 1902.

1405
Tear Ending

June

During the Tear Ending
June 30, 1902.

30, 1901.

Increase.

Average miles

of all rail lines operated -proprietary

and non-proprietary

8,757-48

8,654-97

Receipts.
Gross transportation receipts from operations of proprietary and nonproprietary lines, and steamship lines of Southern Pacific Company
$83,543,821 50 $77,244,898 18
Miscellaneous receipts of proprietary companies:
Trackage and other rentals
244,124 62
519,044 93
Income from sinking funds pledged for redemption of bonds
372/09 68
416,057 4a
Inoonie from invest ments
86,769 90
92,364 90
Income from lands and securities not pledged for redemption of bonds
644,425 62
52 -,352 42
Interest on open accounts
923,653 86
637,134 50
Miscellaneous receipts
27,192 78
5,462 06
Gross receipts of Southern Pacino Company from sources other than from
the operations of le ased lines and steamship lines
1,318,707 27
1,663,357 74

Decrease.

102-51

$6,298,923 32

$274,920 31
43,547 80
5,595 00

115,073 20
286,519 ->6
21,730 72

344,650 47

$(1,107,672 21

$6,053,533 02

$54,894,699 90 $49,098,026 84
1,886,301 94
1,780,986 98

$5,796,673 06
105,314 96

Total
$56,781,001 84 $50,879,013 82
Miscellaneous expenses and other charges of proprietary companies, viz.:
Trackage and other rentals
704,680 04
1,32«,566 57
Iuteresi on funded debt
12,794,607 60
12,795,430 63
Interest on C. P. RR. Co. notes to U. S. of America
1,180,104 48
1,275,208 97
Interest on open accounts
526,825 ?6
479,773 95
Land department expenses
85,601 34
76,762 81
Taxes on granted lands
122,570 78
105,749 24
Sinking fund contributions and income from sinking fund investments...
812,509 6*
856,007 48
Old accounts charged off and adjusted
29,642 63
Miscellaneous expenses
44,795 69
46,618 72
Other charges against Southern Paciflo Co., viz.:
Interest on funded debt of Southern Pacific Co
1,962,770 00
1,629,809 99
Betterm-nts, additions and equipment
242,331 93
84,662 98
Insurance, taxes and all other accounts except for deficits in operations of
leased liues
650,9f 17
601,560 44
Sinkin g fund contributions
75,000 00
75,000 00
Premium on bonds purchased and canceled
3,550 00
Advances to San Antonio & Aransas Pass Ry. Co
30
396,300
465,609 29
Old accounts ch-irged off and adjusted
41,482 26
Discount on Southern Pacific Co. 4^ per cent bonds
"165,00000
165,000 00

$5,901,988 02

$37,161,205 23

Total receipts.

Disbursements.
Operating expenses

Taxes

$623,886 53
823 03
95,104 49
47,051 31
8,838 53
16,821 54

43,547 80
29,642 63
1,823 03

332,960 01
157,668 95
49,399 73
3,550 00

41,48226

$76,619,734 00

Total.

$10,242,847 32

$298,623 91

$2,922,270 94
3,864,015 72

$3,841,687 22

$11,536,347 66

Expended for betterments and additions— proprietary lines.
Expended for new equipment— proprietary lines
Expended for equipment owned by Southern Pacific Co

$5,754,909 11

$6,763,958 16
516,445 34
4,255,944 16

Balance— receipts over disbursements.

$70,864,824 89

$10,54 1,471 23

Total disbursements.

$6,786,286 66

69,308 99

'~4,2V 5,94Ti6

$3,347,570 38

$4,760,061 00

Expenditures for betterments, additions and new equipment for account of the proprietary lines, amounting in the
aggregate to §7,280,403 50, weie this year charged to the capital account of the respective companies.
Expenditures for betterments, additions and equipment to the railways of the South Pacific Coast Railway, the New
Mexico & Arizona Railroad and the Sonora Railway, amounting to $242,331 93, were charged to the income of the
Southern Pacific Company. There were purchased 102 locomotives, 54 passenger train cars, 3,262 freight train cars and
333 road surface cars, costing in the aggregate $4,255,944 16 in excess of the requirements of the replacement funds and
of the appropriation made from the income of the preceding year, As further large expenditures for equipment are
necessary, it was thought best that the Southern Pacific Company should retain, for the present, the ownership of
equipment thus purchased in excess of the equipment already owned by the constituent companies and should lease such
equipment to the constituent companies.
In former reports all receipts from rental of tracks and property were treated as a receipt separate from transportation receipts, and all payments for similar account were treated as an expense separate from operating expenses. In
this year's report the receipts or payments for trackage and other rentals have been taken up in the transportation receipts or operating expenses according to the balance of sach receipts or payments of the respective companies. Adjusting the transportation results reported for the preceding year to this year's method in respect of this matter, the operations compare with those of the preceding jear as follows
:

Average miles of road operated increased

102-51, or 1-18 per oent.
"
Gross transportation receipts Increased
$5,814,393 30, or 7-48
"
Operating expenses increased
5,460,148 01, or 11*04
"
Taxes increased
105,314 96, or 5-91
"
Transportation receipts over operating expenses and taxes increased
248,930 33, or '"83
"
298,t>23 9i,or 2-91
Receipts from all sources over all disbursements oharged to income increased
Northern Railway Company and of the San
The details of the receipts and disbursements of the Gila Valley Globe
Antonio
Aransas Pass Railway Company, whose bonds are guaranteed by the Southern Pacific Company, but whose
receipts and disbursements are not included in the statement of '•Income for the Year" (except the advance of $396,300 30
Aransas Pass Railway Company), are shown in Table No. 20 of pamphlet report.
to the San Antonio
The charges against the income for the year include $369,060 43 advanced by the Southern Pacific Company to the
California Railroad Company and $196,300 30 advanced to the San Antonio
Aransas Pass Railway Company
Oregon
for operations, betterments and additions, retirement of equipment trust notes and other purposes; but said sums, amounting in the aggregate to $765,360 73, still remain due from said companies to the Southern Pacific Company.
The greater part of the decrease in the gross receipts of the Southern Pacific Company resulted from a change in the
Galveston steamship line. Prior to January 1, 1902, the steamers of the
plan of operating the New York New Orleans
Texas Railroad
Southern Pacific Company were leased to the Morgan's Louisiana
Steamship Company and operated
by the Southern Pacific Company as a part of the Morgan Line, and the rentals received for said steamers were treHed as
receipts of the Southern Pacific Company. Commencing with January 1, 1902, said steamships were operated by the
Southern Pacific Company, and their receipts and expenses were, for the purposes of comparison with previous years,
included in the transportation receipts and operating expenses herein reported.
Interest on funded debt increased $237,032 49. There was a decrease in interest on funded debt of the Proprietary
Companies, and in interest on notes of the Central Pacific Railroad Company to the United States, of $95,927 52, and an
increase in interest on funded debt of the Southern Pacific Company of $332,960 01, resulting principally from a full
year's interest charge on the outstdnding 2-5-year Four and One-Half per cent Gold Bonds.
The receipts and expenditures of the Southern u Pacific Company are shown in detail in Table No. 8 of pamphlet
report.
The earnings and expenses of the Picific Mail Steamship Company and of the Gila Valley Globe
Northern Ry. Co.
have not been taken into the income for the year, no r are their earnings, expenses, assets or labilities in -luded in any
statements in respect of the operations and tr<nsactions of the Proprietary Companies. Statements showing the receipts
and d sbursements and assets and liabilities of the Pacific Mail Steamship Company will be found in Tables Nos. 30, 31 and
Northern Ry. Co. in Tables Nos. 31, 35 and 36, of pamphlet report.
33 of pamphlet report, and of the Gila Valley Globe

&

&

&

&

&

&

&

&

&

&

CAPITAL STOCK.
capital stook of the Southern Pacific Company outstanding at the beginning of the year amounted to $197,847,This was increased during the year by $1,439 00 issued against stock of the Southern Pacific Railroad Company
?urchised by the Southern Pacific Company (and paid for by the issue of its own stock), and deposited with the Union
'ru->t Company,
making the total outstanding stock of the Southern Pacific Company at the close of the year

The

788 40.

$197,849,227 40.

:

THE CHRONICLE.

1406

L

v 0L lxxv.
.

The aggregate of the stocks of the Proprietary Companies outstanding at the beginning of the year amounted to
The aggregate of the capital stocks of companies acquired during the year amounts to $1,000,000 00.
There were written off during the year the capital stocks of the Austin & Northwestern Railroad Company, Central Texas
& Northwestern Railway Company and Fort Worth & New Orleans Railroad Company, Central Texas & Northwestern Railway Co. and Ft. Worth & New Orleans Railway Co., amounting to $1,516,000 00, making a net decrease in stocks outstanding for the year of $516,000 00. The total stocks of Proprietary Companies outstanding at the close of the year were
Of the total outstanding stock $302,767,672 00 is owned by the Southern Pacific Company, and $845,700 00
$303,408,572,00.
by the Morgan's Loaisiana & Texas Railroad & Steamship Company, a Proprietary Company of the' Southern Pacific
Company.
The stocks own d by the Southern Pacific Company and deposited with the Union Trust Company of New York
against capital stock issues of the Southern Pacific Company and the stocks and bonds deposited with the Trustees of
the Southern Pacific Company's Four Per Cent Gold Mortgage (Central Pacific stock collateral) and 2-5-Year Four and
One half Per Cent Gold Mortgage are shown in detail in Table No. 5.
$303,924,572 00.

>

FUNDED AND OTHER FIXED INTEREST-BEARING DEBT.
There were outstanding at the beginning of the year
Bonds of th» Southern Pacific Company to the amount of
Funded debt of Proprietary Companies (including $8,354,000 00 Inoome Bonds)
:

to the

amount of
& W. T. Railway

trust obligations (including $28,000 00 equipment trust notes of H. E.
omitted in last year's statement)
Three per cent notes of Central Pacific RR. Co. in favor of the United States of America

Equipment

$46,104 500 00

$267,125,894 94
Co.,

57,175 94
39.802.458 49

306,985,529 37

Total

$353,090,029 37

There were issued durirg the year

:

Central Pacific Railway Co. Bonds as follows
$742,000, face value, First Refunding Mortgage 4 Per Cent and $366,500 00. face value, Three and Onehalf Per Cent Mortgage Bonds, acquired; $257,000 00, face value, old Central Pacific Railroad Co.
bonds deposited and the satisfaction and discharge of the mortgages securing $614,000 00. face value,
old Central Pacific Railroad Co. bonds still outstanding
Texas & New Orleans RR. Co., Dallas Division, First Mortgage 4 Per Cent Bonds, issued for construction
:

$1,108,50000
985,000 00

of road

2,093,500 00

$355,183,529 37

there were retired during the year
Pacific Company 6 Per Cent Steamship Bonds purchased and canoeled
Southern
Central Pacific Railway Co. Bonds purchased and canoeied, viz.:
First Refunding Mortgage 4 Per Cent Bonds
Three and One-half Per Cent Mortgage Gold Bonds
Old Central Pacific RR. Co. Bonds deposited with Trustees
Paid on account of principalof note of Central Pacific RR. Co. in favor of the United States
of America, due Aug. 1,1902

And

:

Galveston Houston & Northern Ry. Co. Equipment Trust Notes paid
Houston East & West Texas Ry. Co. Equipment Trust Notes paid off
Houston & Texas Central RR. Co. Bonds purchased and canceled
First Mortgage 5 Per Cent
Consolidated Mortgage 6 Per Cent

$24,000 00
927.000 00
257,000 00
655,448 42

1,863,449 42

12,96192
l-'.OOO 00

off

$383,000 00
204,000 00

Oregon & California RR. Co. First Mortgage 5 Per Cent Bonds purchased and canceled
Southern Pacific RR. First Mortgage 6 Per Cent Bonds of 1875 purchased and canoeled
Southern Pacific RR. Consolidated Mortgage of 1888, charged off, the mortgage having been
satisfied

$71,000 00

587.000 00
435,000 00

$5,000 00

1.00000

and discharged

& v ew Orleans RR. Co. First Mortgage Main Line 7 Per Cent Bonds purchased and
canceled
Payment to the State of Texas for account of School Fund Debt
Texas

Total funded and fixed interest-bearing debt, Southern Pacific Co. and Proprietary
panies, June 30, 1902 (including $6,354,00000 Income Bonds)

ASSETS

AND

6,000 00

179,000 00
6,948 70

;?3, 173,359

04

Com$352,010.170 33

LIABILITIES.

The details of the as et a and liabilities of the Southern Pacific Company are shown in Table No. 10, and those of the
Proprietary Companies in Tables Nos. 13 and 14. The value of the land grants remaining unsold at the close of the year,
belonging to the Central Pacific Ry. Co., the Oregon & California RR. Co., the Southern Pacific RR. Co. and the Texas &
New Orleans RR. Co., are not included in such statements of the assets of said companies. The cash proceeds, however,
from the sale of the lanJs. the disposition made thereof, cash in hands of trustees and other transactions in respect of
said lands, are shown in Tables Nos. 16 and 17 of pamphet report.

MX KINO

FUNDS.

The transactions for account of the sinking funds of the respective proprietary companies have amounted to:
$372,509 68
Income from investments collected and accruing to June 30, 1902
440,000 00
Income from annual requirements of mortgages
$812.509 68

Total

Excess of proceeds of sHes of securities held on deposit under the following
cost of same to Central Pacific Ry. Co., viz.:
Central Pacific Railway Co.'S Three and One-half Per Cent Mortgage
Central Pacific Riilroad Co.'a California & Oregon Division Bonds, Series A. & B Mortgage
Central Pacific Railroad Co.'s 50-year 5% of 1939 Mortgage

mortgages above
$i,478 45
5,402 50
22,410 00

Excess of proceeds of sales of securities held on deposit under the following mortgages above
cost of same to Sou' hern Pacific RR. Co. viz.:
$109,560 54
Southern Pacific RR. Co. (of California) 6% of 1875 Mortgage
65,v:97 72
Northern Railway Co. 6% Mortgage

33,290

!>5

174,858 26
$1,020,658 89
14.718,044 18

Total applicable for redemption of bonds.
credit of the respective sinking funds at the beginning of the year

Amount to the

$15,738.703 07

Total
Less: Paid for $492,000 00, face value, Central Pacific Railway Co.'s Three

and One-half Per Cent Mortgage Bonds,

$430,670 85
purchased and canceled
Paid for $24,000 00, face value, Central Pacific Railway Co.'s First Refunding Mortgage 4 Per Cent Gold Bonds
24,92400
canceled
Central Pacific Railroad Co.'s Fifty-year 5% bondsof 1939 held as security and applied as a reduotion of the
177.000 00
number of the outstanding bonds of that issue at the time of the satisfaction of the mortgage, face value
5,000 00
Paid for $5,000 00, faco value. Southern Pacific RR. Co. (of California) 6% bonds of 1875 canceled
Interest accrued to June 30, 1901, on securities pledged for the redemption of Central Pacific Kail way Co.'B
Three and One-half Per nut Mortgage Bonds (to be appliod primarily to the payment of the current interest on
142,201 »iG
said bonds) collected and paid over to Central Pacific Ry. Co
(

Balance June 30, 1902, consisting of cost of bonds purchased for Investment, cash uninvested, and interest accrued
to June 30, 1902, of bonds in Sinking Fund

779.796

.">1

*14.958,905 56

The sinking fund transactions of each company and the securities held and ca^h on hand for account of each land are
shown in detail in Table No. 15 of pamphlet report.

LAND DEPARTMENT.
The transactions
for the

of the Proprietary

Companies during the year

redemption of bonds amounted to

Number of

in

regard to proceeds from the sale of lands pledged

:

4
*„„„ Z§i9 i 6
^SSS'JSs v5
1
4°«?«xs2 72
Z,78S,Ooa ii

acres of land sold

Cash receipts from sales
Amount of sales made on time contracts

amount of salts for the year
Avorage price received per acre

Total

Land contracts outBtaiHliiig June 30, 1902
Face value of bonds purchased and canceled by Trustees from proceods

_

of the sales of land paid over to

them

•'
,,',

J*J»3

1.049,000 00

-

December

.

THE CHRONICLE.

27, 1902.]

1407

for a number of years between the United States and the Southern Pacific Railrecovery by the United States of lands embraced in the conflict between the Southern Pacific and the Atlantic & Pacific Railroad land grants, the Riilroad Company lost title to about 1,986,395 acres, of
land heretofore included in former reports in the statement of acreage io litigation. The title to about 453,280 acres of
land is still unsettled.
There remained unsold at the close of the year 14,908,288 acres of land (including the 453,280 acres in litigation).
This does not. however, include 2,416,843 acres of land, formerly belonging to the Houston & Texas Central Railroad
Company, the proceeds of which are under the Trust Indenture executed by Frederick P. Olcott, the purchaser thereof at
foreclosure sale, to be applied in the purchase and cancellation of First and Consolidated Mortgage bonds of the Houston
& Texas Central Railroad Company. The land contracts outstanding: June 30, 1902, for account of Olcott lands sold,

In the suit

road Company

which has been pending

(of California) for the

amounted to $1,431,867 05.
The transactions of each company in respect to lands and the
shown in detail in Tables Nos. 16 and 17 of pamphlet report.

disposition

made

of their cash receipts therefrom are

CAPITAL EXPENDITURES
The expenditures charged

to capital

account were as follows:

Central Pacific Railway—
$25,273 18

Surveys

Cromwell Steamship

Co.

76,785 9 6

Improvements. Pier 34. N. K

Houston & Texas Central

RR —

Extension to Lampasas
Final payment on ccst of Waco Division (Bremond to Ross
Liabilities assumed in purchase of Austin & Northwestern, Central Texas
New Orleans Railway Companies

&

Northwestern and Fort Worth

&

$179, 140 46
4,984 17

329,930 71

$267,351 45
21,388 51

288,739 96

$107,773 21
64,013 51

171,746 72

$9,002 10
553,546 54
4,737 34

Louisiana Western RR. Extension from Gueydan to Abbeville
Extern-ion from Lake Charles towards Gueydan

514,055 34

567,285 98

New York Texas & Mexican Railway—
Extension from Van Vleck Southerly
Extension from Van Vleck to Tres Palacios

Southern Pacific Railroad—
Final payment for purchase of Santa Ana & Newport Railway
Bay Shore line and tern, inal property
Surveys

Southern Pacific Terminal Co.—
Expenditures for terminal

Texas

facilities at

1,074,953 87

Galveston

& New Orleans RR.—

Construction of road from Rockland to Cedar

808,246 35

Expenditures for Betterments, Improvements and Equipment, as Detailed in Table No.

22, (Pamphlet Report.)
$780,719 83
For ballasting
341,652 37
For bridges, viaducts "and oulverte
station buildings, signals and interlocking plants and other buildings. .1,123,694 27
For engine houses, shops, snow sheds,
544,404 62
crossings, fencing, filling In timber trestles, right of way, eal estate and telegraph line
For cattle guards,
1,155,095 69
For 14778"miles of sidings and 1223 miles of second track
2,818,391 38
For reconstruction, change of lino and revisions of grades and alignment
For 8 baggage, mail and express, 4 passenger, 1 business and 230 freight cars, 2 tugs, and shop machinery
516,445 34
amounting to $133,298 82
i

Total

7,280,403 50

$10,807,490 86

-

Less:

Proceeds from sale of property and miscellaneous collections
Discount on bonds purchased and canceled, property destroyed, and other adjustments inmost of property
Adjustment in the cost of the property of the Austin and Central Texas & Northwestern Ry., Fort Worth
New Orleans Ry. aud Austin & Northwestern RR. Companies
Total charge to capital account (other than for stocks

&

$182,021 96
367,635 42
2,120,071 49

and bonds acquired)

2,669,728 87

$8,137,761 99

for by the issue of new bonds amounting to $985,003 00, and the remainder, $7,152,761 99,
for out of earnings.
The details of all expenditures for capital account are shown in Table No. 7 of pamphlet report.

was paid

which was provided

EQUIPMENT.
The following changes have taken place during the year

in the

Adde

Sold. de-troxttd
or condemnrd
and credited lo

R'placemenl
Fund.

Looomoti ves
Baggage, mail and express cars
Baggage and passenter cars
Passenger cars
Dining oars
Chair cars
Business cars
Postal cars
Tou: ist car

Box

cars

Other freight cars
Barges
Tugs

Road service cars

Replacement

53
15
4
23

11
54
4

Fund

equipment owned by the companies

during

1

the year

Appropriation

made

in

preceding year.

Capital
Account.

20

6

following accounts

Property
Account.
So. Pac. do.

:

Total

Addition.

102

144
62
4
25
4
30
4

8

'4

1

20
4
30

2
3

3

"l
519
747
4

300
1,260

185
216

1

50

86
$1,346.690 00

$1,467,582 78

$1,346,€90C0

565
230

2.697

1,050"
4,403
1

"2

1

204
$847,800 00

Shop machinery

Amount

to the

""2

Cost of rolling stock
credited or charged..

and charged

$847,800 00

$383,146 52
133,298 82

$516,445 34

2

333
$4,255,944 16

623
$?,S 33,580 68

133,298 82

$4,255,944 16

$6,906,879 50

Three new freight steamers, of 4,572 gross tonnage each, were added to the New York-New Orleans Line during the
The cost of these steamers, aggregating $1,650,000 00. was charged to the property account of the Southern Pacific
Company.
The locomotives added during the year averaged 84 63 tons total weight of engine without tender and 73-48 tons upon
drivers; and freight cars averaged 33*38 tons per car.
During the year 201 locomotives were changed to burn oil, making a total of 311 locomotives thus equipped at tbe
close of the fiscal year.
Vestibules were applied to 32 passenger cars; steel platforms were applied to 15 passenger cars
and 26 passenger cars were equipped to burn Pintsch gas. The cost of these changes and improvements was charged to
year.

the operating expenses

There remained to the credit of the fund for replacement of rolling stock at the close of the year $223,841
cars owned, and their capacity, at the close of the year were as follows:

The locomotives and

16.

2

THE CHRONICLE.

1408

vol. l,XXV.

This Year.

Last Tear.

1,357

1,265

31

32

1,388

1,297

91

701

76,08805

67// 8464

8,303 41

54-84
59,439-89
42-82

51-90
52,685-43
40-62

6,754-46
2-20

12-25
5-66
12-82

1,251

1,170

81

692

91

91

1,342

1,261

81

6-92

38,964

34,911

4,053

779

798

39,743

35,709

4,034

11-29

1,083,838
27-27

959,105

124,733

1300

26-88

•37

1-37

2,481

1,755

726

41-37

Locomotives, standard gauge
"
narrow gauge
Total

Total weigfit, excluding tenders— all locomotives (tons)
Average total weight, excluding tenders— all locomotives (tons)
Total weight on drivers- all locomotives (tons)
Average total weight on drivers— all locomotives (tons)

Passenger train cars, standard gauge
"
"
"
narrow gauge
Total

Freight train cars, standard gauge
"
"
"
narrowgauge
Total
Total capacity of all cars (tons)
Average capacity of all cars (tons)

Road

service cars

Increase.

Decrease.

Per Cent.

92

7-27

312

294

541

11-61
2-38

19

The equipment owned by the Proprietary Companies and by the Southern Pacific Company
and the changes during the year, capacity and service of all equipmetit in Tables Nos. 26, 27 and

is

28

shown
,

of

in Table No. 18,
pamphlet report

CENTRAL PACIFIC RECONSTRUCTION.
The following statement shows the work contemplated in the reconstruction of the lines of the Central Pacific Railway Company and the physical characteristics of the old and the new line when completed in Nevada and Utah, also the
progress which had been made in this work to the date of this report.
Max. Grade,

Mil es.

Maximum

Feet

Length c / Line,

Curvature,

P tr MUe

Oompt nsated.

Location.

Total Curvature

Total Angle,
Degrees.

Degrees.

Miles.

Per

P. C.

of

Work
Done

Cent.

to

To
Build.

East Reno to Vi'ta
Vista to East Wadsworth
East of Wad^worth to Brown

Orena Change
Cosgrove Change
Rose Creek Change
Wiunemucoa Change
Golconda to Stone House
Battle Mountain to Argenta
Argenta Sec. House to Beowawe..

Beowawe to East of Cluro
East ol Ouro to Gerald

DisVce

Sated

4-95

00

1-27
1-91
8-23
0-25

000
000
000

005
000
008

2531

1-60
1-51

2916
49-63

9-61

1462
735
1-31

Change opposite Gerald

094

Gerald to Palisade

4-97
2-22
6-53
6-40

049
029
014
Oil

104-36

East of Carlm t.» Moleen
Osino to Elburz (Peko)

Moor

to

0-22
0-18
1-75
2-92
0-26
41-71

294-31

changes)
Between Palisade and Carlin
(3

New

48-05
63-36
84-48
52-80
52-80
52-80
52-80

21-12

5

2112
2112

10
5

21-12

1-a

8

1

6600
3696
49^3
5174

New.

New.

193
2,122
1,181

>fl

4

2

11*62

1

1

7*6

4

6

1*

V112

21-12

5280

211

52-80
52-80
79-70

21-12

"4
*fl

10

8
3

6H

2112
2112
2112

10

4

8
9 9 io

1

2

1"

1,341
1,126
2,097
4.c60

2i-j

8
8

4

10

3

16.492

22-3
45-3
39-6
48-7
24-6
75-2

0-70

1-37
10-28
7-89
3-93
1-30
1-30
0-49

682

34

24-7

1003

405

373

160

73
93
100
100
100
100
79

4-65
6-82
3-67
0-69
0-74
2-86
1-57

2-59
2-87
1-44
0-88

41-8
45-1

26-9
19-6

"72

480

196

47-6
'0-4

67-4
79-6

1-98
0-72

551

398

65-2

32-5
42-4

1-46

608
765

1-39

1408

35
38
13
235
74
149
92
106
77
317
25
140
74

134
587
187
243
183
851
3?6

7 12

>•

Present

36

1,115

Hi

1-91
1-43

1,108

462

30

J'ne

New.

Present

733
313
120

344
37
38
77

2*5
9-5

52-80

8976

Present.

2112
2112
2112
2112
2112
2112
2112
2112

50-69

Present.

46-41

2695

Toano

Lucin to Ogden

Present

16-40

519

075

03

2"6

713
1218
3516

867

5

8-73

New.

1902.

27-6
35-2
15-9
37-8
16-6

56
56
50
50
18
18
23

22-8

44-8

32 2

241

8-4

"*15

4.147

TRANSPORTATION OPEP.ATIONS.
The transportation operations of

all lines

operated during the year were as follows
Year ending June

Yrar ending

June

30, 1902.

ar ending
Junt 30, 19ul
)

30, 190*.

Per
Increase.

Cent.

102-51

8,«54-97

8,757-48

Decrease.

1-18

RECBII'TS.

62
83

Mail and express
Freight
Bocom"tive and car mileage
Rental and all other sources

$21,709,226
'M3.072
52,830,097
49,893
1,321,432

Total rail lines
"Water lines

$78,923,722 96
4,620,098 54

$73,492,638 94
4,236,789 26

$5.431,0S4 02

7-39

383,o09 28

904

$88,543,821 50

$77,-29,428 20

$5,814,393 30

7-48

$12,093,242
9,128,251
28,079,869
1,699,781

$10,174,319
7,643,913
26,305,385
1,957,161

78
80
92
02

$1,918,922 73
1,484,33- 07
1,774,533 91

18-86
19*42
6-75

Total

70
15

36

$19,109,605
2,7^9,020
50,333,142
14, in;
1,236,754

41

52
41
ir>

45

13-60

$2,599,621 21
2 4,052 31
2,496, 5.". 27
35,777 3d
M. 677 91

765
4-96

25344

684

Operating kxfknses.

Main ten a nee

of equipment.

Conducting transportation
General expenses
lines

87
83
28

Total

$46,080,730 -2
3,353,821 37

$4,920,41

$54,894,«99 90

expenses

1315

$257,378 74

$51,001,145 49
3,893,554 41

Total rail lines

Water

51

$49,434,5

$5,460,148 01

-2-,' 111,121

60

$28,294,876 :n

:i7

10-68

53P,733 04

1609

I

1

1

04

1-22

$351,245 39

Passenger Traffic.

Number of passengers

ea tried

27,409,909

20.3 3,855
1,086,889,521

935,l43,i>26

2-201 cents.
76-78

2-277 cents.
68-43

835

20.260,573
6,059.*73,410
cents.

17,809,568
5,684,163,789
1-001 ecu Is.

299- 10

31916

695

1,903.946
151,746,195

16-23

Average receipts per passenger carried one mile (excluding ferry
suburban)

Freight Traffic.
Tons commercial and company freight carried
Ton miles commercial and company freight
Average receipts per ton per mile commercial freight
Average distance hauled, all freight

1021

3-34
12-20

076 cents.

2.

151,005
709.621

020

1

cents.

18-76
6-61
2-00

2006

The transportation receipts and operating expenses are shown in detail for each company in Table No. 21 of pamphlet
and the detail of passenger and freight traffic for all lines in Table No. 23 and Table No. 2! of pamphlet report.
The rail lines were operated at 64-63 per cent of their gross receipts, against 62-70 per cent in 1901. and the water lines at
84*27 per cent, against 79-16 per cent in 1901.
The average per cent for both rail and water lines was 65*71 per cent,
against 63-60 per cent in 1901. Expenses for "maintenance" absorbed 26*89 per cent and for "operation"' 3774 per cent of
report,

the gross receipts of the rail lines.

:

December

THE CHRONICLE.

27, 1902.]

1409

The increase in tbe operating expenses, of which a considerable part has resulted from the higher prices paid for
labor and material, lias been principally in the following items:
Maintenance of Way and Structures. (Increase, $1,918,922 73, or 18-86 per cent.) Repairs of roadway increased
$1,090,627 37, or 23*80 per cent; ab >ut $185,000 00 of tbis increase was in renewal of ballast and widening embankments
principally to provide for the greater weight of the rolling stock now in use. The remaining increase was for labor
incident to renewal of rails (of which over twice as many miles were laid this year as last) and for labor maintaining the
lighter-weight rail track on some parts of the Company's lines, under the present increased speed and tbe increased
weight of locomotives and cars. Bridges, culverts and timber trestling increased $91,720 14, or 7-22 per cent principally
for strengthening these structures for the present greater weight of locomotives and cars. Buildings, docks and wharves
increased $82' ,347 46, or 24-33 per cent; snow sheds, $85,952 63, or 94*27 per cent; renewal of cross-ties, $103,272 81, or 8-13
per cent; and renewal of rails, frogs, switches and fastenings, $352 632 00, or 33-46 per cent.
The rails, fastenings and tie-plates used in making renewals on the Central Pacific Railway were charged to the reconstruction of the line. The cost of the labor, however, in making these renewals and the cost of cross-ties replaced during
the year were charged to the operating expenses of the Central Pacific Railway.
The following rails, ties and tie-plates were used during the year in making repairs and renewals on all lines, and
charged as follows.
Operating
ReconCharged t o Operating
Total
Expenses, struction. This Fe^r. Expenses Las< Year.
2-42
2-42
10 9-42
Miles of 751b. steel rails
560-27
560-27
27060
Miles of 8"-lb. steel rails
,
20-94
Miles of 96-lb. steel rails
,

—

—

Total miles of new rails
Number of burnett-zed cross-ties
Number of other ross-ties
Total number of cross-ties
Equal to continuous miles of track
Number of tie plates
Equal to contiguous mi: es of track

56269

51*10

3,899,930

67516

400-96
1,487,184
1,409,639
2,8»6,-23
1,001-90
3,075,129
£32-38

613-79
1,453,211
1,562,534
3,015,745
1.043-23
4,5 1,067

,453,211
1,562,534
....3.01-' ,745
1.043-23
1

601,137
10i-96

779-12

The material used in renewals during the year and charged to operating expenses, and the character an d condition of
the bridges and tracks at the close of the year, are shown in Tabl No. 19 of pamphlet report.
At the several wood preserving plants of the Company, 415,774 lineal feet of piling and 5,482,593 feet B. M. lumber
were creosoted and 1.847,966 cross-ties were burnettized.
The weight of rails per yard in main lines and branches at the close of the year was as follows:
Owned and Leaded Main and
Second Track mileage Oper-

Total.

96X6.

801,6.

75X6.

76X6.

ated at the close of the year.

5,288-70
3.587 66

Total

Per cent o total miles of track
t

2107

528-99

.37

3-64

8,876 36
100-00

2144

53263

481 -41

•23

5-99

5-41

The expenditures for maintenance of
against $1,161*20 for the preceding year.

way and

GO and

56X6.

61-5 Lb.

54 Lb.

48098 1,48617 2,04225
•43
18 24
94911

305-67
236-88

66-32
222-50

1,504-41

2,991-36

542-5 5

288 82

1691

3385

610

3-25

Under
60 Lb.

50X&.

12 Lb.

357 25
136-27

526-45

136-27
1 53

structures have averaged $1,361-86 per mile of

1,493-77
1,851-02
20-81

526-45
5-92

main and second track,

Maintenance op Equipment. — (Increase,

$1,484,338 07, or 19-42 per cent.) Repairs of locomotives increased $806,212 13, or 27*24 per cent. There is included in this increase $237,847 78. present cost of replacing 25 locomotives of the
same weight and capacity condemued, sold or broken up, and $84,082 60 for changing locomotives to oil burners. The remaining increase is due to an increase in miles run by locomotives of 2,631,181 miles, or 5*57 per cent, and to the greater
amount of repa>rs required en the heavier type of locomotives now in use and to the additional cost of making these repairs during periods when the traffic was so large as to require the almost constant use of every locomotive owned. Repairs of passenger equipment increased $69,724 23, or 684 per cent, and miles run by passenger equipment owned increased
5,996.628 miles, or 9-92 per cent. The expenses include $124,680.17, current cost of replacing 15 baggage, mail and express. 4 baggage and passenger, 19 passenger, 6 business, 2 chair and 1 tourist cars, sold, condemned or destrojed, and
$44 568 00 for equii ping 26 cats with Pintsch gas, 15 cars with steel platforms and 32 cars with vestibules. Repairs of
freight cars increased $442 921 55, or 18 43 per cent, and miles run bv freight cars owned increased 39,283,610 miles, or
10 88 per cent. The expenses include $465,371 55 present cost of replacing 519 box and 747 other freight cars, condemned
or destroyed. Repairs of work and service equipment increased $15,305 01, The expenses include $19,532 69, present cost
of replacing 50 cars condemned or broken up.
The rolling stock has been maintained in thoroughly good order. Including $-*47,432 19 for replacement of rolling
stock sold, broken up or condemned, the repairs per locomotive and per car owned have averaged the followingper annum.
.

This Tear.
$2,948 07

Locomotives
Baggage, express, mail and postal cards
Passenger cars...:

Last Tear.
$2,439 04
825 32

788 52
750 83
744 73
Freight cars
70 25
61 02
:.
The rolling stock owned by the Proprietary Companies and by the Southern Pacific Company is shown in Table No. 18
of pamphlet report and the changes in all equipment during the year, the capacity, service and average cost of maintenance are shown in Tables Nos. 26, 27 and 2» of pamphlet report
Conducting Transportation. Expenses for fuel for locomotives increased $164,325 90, or 205 per cent, but against
this increase in expenses there was an increase in miles run by locomotives in traffic service of 2,058,646 miles, or 4*56 per
cent. Expenses for locomotive service, other than fuel and repairs, increased $383,200 65, or h*60 per cent. Expenses for
train service increased $264,982 50. or 8*08 per rent. Payments for loss and damage to property and for personal injuries
and other casualties increased $268,932 55, or 21*28 per cent resulting principally from judgments rendered against the
railroads in the State of Texas for damages and personal injuries. Station and terminal Expenses increased $643,104 52,
or 9*68 per cent; and other minor expenses increased $43,429 67, or 165 per cent.
Compared with the results of the preceding year, the work done by the transportation department shows:

—

;

£ Gt*

T7ici*f&&€

Gross transportation receipts (rail lines only)
Expenses conducti g transportation (rail lines only/
Passengers carr ed one mile
Car miles— passenger trains
Locomotive miles— pasi-enger
Tons- commercial and company freight - carried one mile
Car milt s— freight trains
Locomotive miles— freight

$5,431,084 02
1,77 J, 533 91
151,746,195
8,772,087
1,534,076
375,709,621
20,109,757
411,649

.-__
«

The average number of tons of freight (Commercial and Company) per train, tons per loaded car
of loaded freight car mileage to total freight car mileage, including caboose, were
Tons carried in each train (ton miles per train mile)
Tons per loa, ed car

1902.
..318-97

Percentage of loaded freight car mileage to total freight car mileage (including caboose).

The

total expenses for

1809
7044

1901.

304-24
17-38
71-97

Ocyxt

7*39

675
1623
10-56
10-59
6*61

4 42
-

1*52

and the percentage

Increase. Decrease.

Per Cent.
4-84

14-73

409

-71

1-53

2-12

conducting transportation have averaged 83 31 cents per revenue train mile, against 81-62
cents in precedi- g year. Fuel for locomotives averaged 17-77 cents per locomotive mile in traffic service, against 17-35
cents in the previous year but for this slight increase in cost per mile there have been carried nearly fifteen tons more
of freight per train than in the preceding year.
A statement of tbe general operating results which affect these expenses is in Table No. 25 for all lines operated.
General Expenses (Decrease, $257,378 74, or 13*15 per cent).— This decrease has resulted principally from a change
in the classification of expenses oy which rents for office buildings and some other expenses, in former years charged to
General Expenses, were this year charged to Conducting Transportation.
Water Line Expenses (Increase, $539,733 04, or 16*09 per cent).-r-The addition of three steamers to the New York,
New Orleans & Galveston line during the year has in the main contributed to the increase in these expenses. Expenses operating steamers increased $2i4,6l2 63; agency and office expenses increased $62,056 12. The fund for general
and extraordinary repairs and depreciation of steamships was increased by $305,193 95, and this charge is included in the
above increase in expenses. The expenses of the Direct Navigation Company show a decrease of $87,188 50.
;

TAB CHRONICLE.

1410

[Vol.

LXXV,

GENERAL.
From the combined statement of Income Account and Profit and Loss ( Table No. 37), it will be seen that the gross
receipts for the year of all the companies in which the Southern Pacific Co. has a proprietary interest, and the companies
for which it has guaranteed the principal and interest of bonds, amounted to $95,000,634 64.
The increase in the gross receipts (which have been the largest since the organization of the Company) has been in
a normal ratio to the general prosperity of the country served by the Company's lines. The statement of commodities
carried shows that there has been a gratifying gain in that class of commodities which result from the greater cultivation
of land, the development of mineral and other commercial resources, and in the traffic incident to these developments.
The operating expenses have absorbed the greater part of the increased receipts from transportation operations, but
the greater part of the increase in operating expenses ($3,708,454 50, or 68 per cent) was in expenses for maintenance of
way and structures, rolling stock and floating equipment. A part of this increase in operating expenses has resulted
from the higher price of labor and material, but a considerable part has resulted from improvements which are mide concurrently with repairs and renewals, and the cost of which is therefore included iu the operating expenses.
The work of improving the physical condition of the roadbed and track, and of procuring rolling stock of greater
capacity and working efficiency, mentioned in the last annual report, is progressing as rapidly as it can be done
with advantage.
The statement of weight of rails in track shows the gain which was made therein during the year just closed. Ninety
thousand tons of rails (80 pounds per yard) have been ordered to be lail during the fiscal year ending June 30, 1903.
The average age of rolling stock has been decreased from that shown in the la3t annual report by the substantial
additions made during the year, hereinbefore referred to under " Equipment."
The transportation operations for the fiscal year just ended compare with similar operations for the year ending
December 31, 18-5, when the Company commenced operations, as follows
1902.
1885.
Increase.
Fer Oent:

Milesof road operated at the close of the year
Gross transportation receipts, all lines
Passenger* carried one mile
Tons commercial freight carried one mile
Per Mile op Road Operated at the Close of the
Gross transportation receipts, all lines
Passengers carried one mile.
Tons commercial freight carried one mile

4,705
$30,352,772 14
318,038,753
868,409,660

1,086,889,521
4,957,602,303

87-23

4,104
$53,192.049 36
768,800,763
4,089,192,643

$6.450 96

8,809
$33,543,821 50

$3,032 96
55,754
378,217

17525
241 69

47090

Year—
$9,483 92
123.3S1
562,789

67,607

184,572

47-02

8247
20492

The accompanying report of the Comptroller shows fully and in detail the financial and other transactions of the
Southern Pacific Company and of each Proprietary Company.
Tne Board acknowledges its appreciation of the loyalty aud devotion which its officers and employees have manifested
in the discharge of their respective duties, and it fully recognizes the fact that their fidelity and personal pride in the
efficiency of these properties have contributed greatly toward bringing them up to their present high standard and to the
successful results of their operation.

Approved by the Board

of Directors,

ALEXANDER MILLAR,
Secretary,
TSo.

5-STOCKS AND BONDS OWNED.— SOUTHERN PACIFIC COMPANY.

(Deposited with Trust Companies agalint issue of Capital Stock of South. Pac. Co. also under Mortgages of Sou. Pao. Co. 4 and

4V o
1

;

bonds

.)

Face Value of

FaceYalue of
iSt'ick

or lijud.

Charged on
Books.

Capital Stork Issued and Out-

standing
bO, 1902.

June

Stocks di-.tomted with Union Trust Co. of New York city (under stamp pre
SCRIBED BY NEW York Sl'ocK EXCD VNCE), ACQUIRED AGAINST THE ISSUE OF AI'ITAL
stock of the Southern Pacific ompasy.
.iilveston Harrisburg & San Antonio Ry. Co. -Capital Stock
I

i

<

Western RR. Co. — Capital Stock
Morgan's Louisiana & Texas RR. & S. S. Co.- Capital Stock
Mexican International RR. Co.— Capital stock
southern Pacific RR, Co. (ot Arizona)— Capital Stock
Southern Pacific RR. Co. (of California)- Capital stock
Southern Pacific RR. Co. of New Mexico— Capital Stock
Texas <& New Orleans RR. Co.— Capital Stock
1

iOuisi ana

$27,0:i5,f,00
:-i,:-i

I.

00

10.000 00

'.194.

000 00
00
00
00
00
00

4.161.100
19,992,600
96,740,133
6,886,300
4,997,500

$27,084 372 00
3,360, 000
15,000, 000
18,708, 200
19,995, 000
101,424, 160
6.888, 800
5,000, 000

00
00
00
00
00
00
00

$168,090,233 00

$67,274,2f0 00
12,000,000 00

$67,275,800 00
1 J. 000,000 00

$79,274.200 00

II.

$197,460,532 00

$79,275,500 00

$1,005,000 00
4,375,000 90
195.000 00
995.000 00
295,000 00
198,000 00
1,097.000 001
1,905,000 00
395,000 00
9,596,000 00
608,000 00
6,945,000 00
1 1 .980,000 00
10,005,000 00,
5,993,000 00i
3,900,000 00

00
00
00
00
00
00
2.0 >0,000 00
1,920,000 00
400.000 00
10,000,000 00
630,040 00
7,000,000 00
12,000,000 00
20.000.000 00
6,000,000 00

$59,487,000 00
1,530,000 00

$67,046,040 00

Stocks deposited with Union Trust Co. of New York City, Trustee Southern
Pacific Company, Four per cent gold mohtgage (Central Pacific Stock Col
LATERAL.)

Central Pacific Ry. Co.— Common Capital Stook
Central Pacific Ry. Co.— Four percent non-cumulative Preferred Stock
(also $b7, 157,800 00 face value of the capital stock of the Central Pacific RR. Co.)

III.

Co. of New York, Trustee
Co. 2-5-year Four and one-half per cent gold mortgage.
Capital Stock
Austin <s Northwestern RR. Co.—
Carson & Colorado Rv. Co.— Capital Stook
Central Texas & Northwestern Ry. Co.— Capital Stook
Cromwell Steamship Co.— Capital Stock
New Orleans Ry. Co.- Capital Stock
Fort Worth
Galveston Houston «fe Northern Ry. Co.— Capital Stock
Gila Valley Globe & Northern Ry. Co.— Capital Stock
Houston East & West Texas Ry. Co.— Capital Stook
Houston & shreveport RR. Co.— Capital Stook
Houston & Texas Central RR, Co.— Capital Stock
New York Texas & Mexican Ry. Co. - Capital Stock
Oregon & California RR. Co.— Common Stock
Oregon & California RR. Co.- Preferred Stock
Pacific Mail SteamshiD Co.— Capital Siock
South Pacific Coast Ry. Co.-Caoital Stock.

Stocks and Bonds deposited wIth Central Trim

Southern Pacific

&

Southern Pacific RR. Co.

(of California)

(

Capital

Stock

Total
Wells, Fargo <& Co.'s Express - Capital Stock

$61,017,000 00

Total stock

Carson & Colorado*Ry. Co. first mortgage 4 per cent bonds
Galveston Harrlsburg & San Antonio Ry. Co. second mortgage, M.
cent honds

&

$2,000,000,00
P.

extension 6 per

Galveston Houston & Northern Ry. Co. first mortgage 5 per cent bonds
cuif Western Texas .v- Pacific Ry. Co. firsl mortgage 5 per cent bonds
Houston & shreveport BR. Oo. first mortgage (> per cent bonds
Texas & New Orleans RR. Co., Dallas Division, tir.-t mortgage 4 per cent bonds

1,110,000 00

800,000 00
2,22 4,000 00

50,000 00
890,000 00
1

$7.174.00<»O0

Total bonds

Total stook and bonds

*i;-v

Total face value of stocks deposited or pledge under mortgages
Total face value of bonds deposited and pledged runler mortgages
l

Total

$1,016.000
1.380,000
200,000
1,000,000
300,000
200,000

191.000 oo

$30*. 3 SI, 43 3 00

7.171.000 00

$315,555,433 00 $248,202,276 98 $348,782,078 00

:.

December
No.

27.

THK CHRONICLK

!«0«.!

6— BONDS AND STOCKS OWNED. - SOUTHERN PACIFIC

1411

COMPANY AND PROPRIETARY

COMPANIES.

(UNPLEDGED.)
Bonds.

Charyed on

Face Value.

Southern Pacific Co.
Galveston H;irrisburg & San Antonio Ry. Co.- Capital Stock
Morgan's Louisiana & Texas RR & S S. Co. — Capital Stook
Maricopa & Phoenix & Salt River Valley RR. Co.- Capital Stock
.
Oregon & California RR. Co first mortgage 5 per cent bonds
Riverside <& Arlington Ry Co first mortgage 4 per oent bonds
- Capital Stock
Southern Pacific RR Co (of California*
Southern Pacific Co. 4 per cent bonds (Central Paoiflc Stock Collateral)

8
Face Value.

Bookt.

& New Orleans

RR. Co.

first

mortgage (Main Line) 7

p. c.

bonds

Charged on
Books.

$48,800 00
10,000,000 00
510,000 00

.

Texas

ocks.

00 00
95,000 00

$90,<

133, £39 00

13,000 00

999,700 00
527,094 40

—

37,000 00
5 236,168 10

$235,000 00

$222,475 49

$1,685,773 80

Central Pacific Railway Co.
$911.500 00
372,625 00

& Depot Co 5 per cent first mortgage bonds
& Depot Co — Capital Stock

Southern Paciflo Branch. Ry. Co. 6 per cent

first

$23,300 00
150,000 00

163,000 00
.

25.0U0 00

mortgage bonds

$2,330 00
69,119 28

160,000 00

Ogden Union Ry.
O^den Union Ry

80,000 00
3,617 50

14,000 00
$1,386,125 00

Total

Houston & Texas Central RR.
Capital Stook Fort

$1,391,245 86

$155,066 78

Co.

Worth Union Passenger Station

$25,000 00

Morgan's Louisiana & Texas RR. & S S. Co.
Direct Navigation Co — Capital Stook
Gulf Western Texas & Pacific Ry. Co. — Capital Stock
Houston & Texas Central RR. Co. 4 per cent general mortgage bonds
Iberia & Vermilion RR. Co.— Capital* Stock -~

$33,058 63

$50,700 00
496,500 00

$570,000 00

298,500 00

.

350,000 00
Stock in Citizen's Bank of

New Orleans, La

36,000 00

$920,000 00

$720,500 00

$881,700 00

$589,597 46

it

Southern Pacific RR. Co.

(of California).

$735 95
$2,306,125 00
Total Southern Pacific

Company and

Proprietary Companies

$2,111,745 86

*778,458 82

$2,541,125 00

$2,334,221 35

$2,464,232 62

NO. 2— LNCOME ACCOUNT FOR THE YEAR ENDLNG JUNE 30, 1902— SOUTHERN PACIFIC
COMPANIES.

COMPANY AND PROPRIETARY

(Earnings and Expenses of "Proprietary" and "Non-Proprietary" Lines and Miscellaneous Income of the Southern Pacific
Proprietary Companies.)

Operating expenses (and taxes) of proprietary lines,
interest on funded debt and v 11 other exoenses of proprietary companies as shown in detail on Table No.
11 of pamphlet report
$70,849,777 29
Operating expenses, taxes and all other expenses incurred in connection with the operation of the following non-proprietary lines: New Mexico & Arizona RR
$380,101 06
Sonora Railway
681,346 52
1 ,061 ,447 58
_ _
Miscellaneous expenses of the Southern
Pacific
report:)

Company

(No. 8 of

New Mexico & Arizona RR

$254,978 10
537,867 02

Sonora Railway

.

792,845 12

Miscellaneous income of Southern Pacific

Company

(No. 8 of

pamphlet report)

Interest on bonds
Proceeds from sale and lease of lands.
Profits on bonds sold
Profits from operating wood preserving

Fixed rentals to Central Paciflo Ry.Co
$10,000 00
Fixed rentals to Oregon & California
RR. Co
5,000 00
Fixed rentals to Southern Pacific RR.
Co
5,000 00
Interest due to affiliated companies on
advances and open accounts, including interest o^arged to Oregon & California RR. Co. and San Antonio &
Aransas Pass Ry. Co
$996,210 48
Less interest due from affiliated companies on similar accounts
712,754 14 283,456 34

$83,319,698 26

lines:

Dividends on stocks...

pamphlet

Interest on S. P. Co.6% steamship bonds
Interest on S. P. Co. 4% (C. P. stock

Receipts of proprietary lines and miscellaneous income of proprietary companies as shown in detail on Table No.
11 of pamphlet report
Receipts of the following non-proprietary

Company and

.

works

$201,596 00
323,992 72
6,342 20
44,752 50

16,31447

Steamship earnings
1,729,954 58
Rentals from steamships
470,709 71
Rentals from terminal facilities
121,512 00
Rentals from other property
26,53104
Interest on open accounts other than
with affiliated companies
56,923 05
Miscellaneous receipts
39,388 95
Adjustment of old accounts
10,644 63
,

3,048,66185

135,030 00~

collateral)

1,152,74000
675,000 00
Steamship expense
1,413,4 46 40
Insurance on s'eainshlps
259,520 PO
Taxes and expenses of land department
3,323 19
Taxes on other property
26,726 23
Miscellaneous expenses
57,933 51
Sinking fund contributions
75,000 00
Premium on *7 1.000, face value, S. P.
6% steamship bands purchased and
canceled
3,550 00
Discount on Southern Paciflo Co. 4i$%
bonds sold
165,000 00
Adjustment of old accounts
37,145 64
Expenditures for surveys, charged off ..
4,336 62
Advances to San Antonio &, Aransas Pass
Ry.''o
396,30030
Balance to profit and loss (No. 3)
Interest on

Total.

S.

P. Co.

4^% 2-5-year bonds

4,708,509 13
10,541,471 23

$87,161,205 23

To * al

$87,161,205 23

.

THE CHRONICLE.

1412

COMPANY AND PROPRIETARY

3—PBOFIT AND LOSS FOR THE YEAR ENDING JUNE

30, 1902.-SOUTHERN PACIFIC
COMPANIES.

No.

Miscellaneous expenses
Adjustments in accounts
..
Premium on $435,000, face value, Oregon & California
RR. Co. first mortgage 5 per cent bonds purchased
and canceled
Loss in sale of the Austin & Northwestern, Central
Texas & Northwestern and Fort Worth & New Orleans Railways to the Houston & Texas Central RR.
Co., viz.:
Loss in cost of properties.

Less capitalstock written

Balance, June 30, 1901, viz.:
Southern Pacific Company
Proprietary Companies

10,875 00

& Texas

$604,071 49

329,930 71

Dividend on Central Texas & Northwestern Ry. stock

$10,935,34** 14

44,064,894 39

Balance from income account (No. 2)
Annual contribution to Sin feing FundsIncome from Sinking Fund investments.

$55,000,237 53
10,541,471 23

$515,000 00
372,509 68

Proceeds from sale of lands pledged for redemption of
bonds
.
Profits from sale of bonds and securities exchanged....
Miscellaneous collections
Adjustment in accounts
Dividend on Capital Stock of Central Texas & Northwestern Ry
...
Advances to San Antonio & Aransas Pass. Ry. Co.
charged in income acoount, now credited and charged
to San Antonio & Aransas Pass. Ry. Co

$2,120,07149
1,516,000 00

off

by Houston
Central RR. Co

Liabilities paid

$61 ,070 00
143,369 90

$274,140 78
200.000 00

LXXY.

[Vol.

887,509 68
2,1*5,418 86
332,279 21
30,727 47

29,677 32

200,000 00
396,300 30

474,140 78

Balance June 30, 1902, viz:
Southern Pacific Company (No. 9
$10,176,309 12
of pamphlet report)
Proprietary Companies (No. 12 of

pamphlet report)

58,707,856 80
68,884,165 92

$69,573,62160

Total

Total

$69,573,62160

STATEMENT OF INCOME ACCOUNT AND PROFIT AND LOSS.
comptnies in which the Southern Paoiae Company has a proprietary interest, and of the San
Aransas Pass Ry. Co., for which it has guaranteed prinoipal and interest of bonds.)

No. 3 7—COMBINED
(Of Southern Pacific

Company and
Antonio

&

of all

South. Pacific
Oo. and Proprietary Oomp'ntes.

Total.

Gila Talley
Globe dt
northern Ry.

8,757-48
5,365 00

16,186-00

Receipts.
$88,349,766 94 $93, 543, = 21 50
Gross transportation receipts
244,124 (-2
244,124 62
Rentals
372,509 68
372,509 68
Income from sinking funds pledged for redemption of bonds
2,392,727 00
2,245,048 84
Miscellaneous receipts
2,155,418 86
2.155,418 8k
Proceeds from sale of lands pledged for redemption of bonds...
167,430 27
29,677 32
Adj stment n accounts
Receipts of Southern Pacific Company from sources other than
1,318,707 27
1,318,707 27
from the operation of leased lines
ii

San Antonio <t
Aransas Pass

12555

9,57043

Average miles of rail lines operated.
Miles of water lines

Pa-ifle Mail
Steamship Oo.

Ry. Oo.

687-40

10,82100

$1,883,413 00

$2,547,165 63

145,933 16

$375,366 81

1,745 00

137,752 95

i

$95,000,684 64

Disbursements.
Operating expenses

Taxes and rentals
Interest on funded and other fixed interest-bearing debt (includ
ing interest on lunded debt <>f Southern Pacific Co.)
Interest on open accounts, expenses of land department, taxes
on granted l*uds and miscellaneous expenses
Mi scellaneous expenses
in accounts
Cost of property charged off
Dividend on capital stock
Expenses of Southern Pacific Co. for insurance, taxes and all
other accounts except for deficits in operations of leased lines
and interest on funded debt
Discount on Southern Pacific Co. 4 la per cent bonds
Betterments, additions and equipment

Adjustment

$89,909,308 09

$375,366 81

$2,167,099 11

$2,548,910 63

$59,226,712 87
2,662,773 52

Total receipts.

$54,894,699 90
2,590,981 98

$174,717 70
228 51

$2,254,798 19

$1,902,497 08
71,563 03

16,769,182 08

15,937,482 08

75,700 00

33
37
15
53

1,097 51

916,138
247,666
152,558
671,174
80,000

44

775.788
109.142
142,236
475,274

35
19
45

00

756,000 00
140,350 11
199 46

137,227 01
10,322 04
195,899 92

"80.000 00

692,142 43
165,000 00
312,183 81

692,442 43
165,0(0 00
242,331 93

14,969 47

$81,895,832 14

$76,025,379 70

$346,713 19

*13, 104,852 50

$13,883,928 39

$28,653 62

54,882 41

Balance, surplus
Balance, deficit. .

No.

23— REVIEW OF TRAFFIC-ALL

$2,598,247 16

$2,925,492 09

$431,148 05

Total disbursements.

$376,581 46

LINES.

June 30,1902.
Average miles of road operated.

June 30,1901.

8,757-48

8,654-97

102-51

118

12,079,092
17,234,7^3

11,499,886

579,206
1,324,740
1.913.946
140.532,644
11,213,5*1
151,746.195
16,063
8'35 miles

504
833

Increase.

Decrease.

Per Cent.

Passenger Traffic.
1.
2.

3.
4.
5.
6.
7.
8.

9.

10.
11.
12.
13.
14.
15.
16.
17.

Number of through and looal passengers carried
Number of ferry-suburban passengers carried
Total number or passengers carried
N mber of through and local passengers carried one mile
Number of ferry and suburban passengers carried one mile

29,313. >-55
927,427, «64
159,461,657
1,086,889,521

Total passengers carried one mile.
124,110
Number of passengers carried one mile per mile of road
76-78 miles
Average distance carried— throuKh and local passengers
9-25 miles
Average distance carried— ferry-suburban
37-08 miles
Average distauce carried— all passengers
$21,709,226 62
Receipts irom passengers
$1 69
Aver ge amount received from each through and local passenger
2-201 cents
Average receipts per passenger per mile— tlirough and local....
$23,94^,788 74
Total receipts of passenger trains
$2,734 65
Receipts per mile of main track
$1 63
Receipts per revenue train mile
t>305
Average number of through and looal passengers per train

15,91(1,023
27,409, MOD

786,895220
1" 8,248,106
935,143,326
108,017
68-43 miles

m

9-32
les
34-12 miles
$19,109,60^. 41

$1 56

.

2277

6-95
17-86
7-56
16-23
14-87
12-20

07 miles

75

076 oents

8-68
13 60
8-33
3-34

2-96 miles
$2,599,621 21
$0 13

cents

$2,755,829 16

1300

$286 00
$0 07

5809

496

11-66
4-49
8-54

14,151,098
15,736,913
3,658,470
4,5 3,660
17,809,568
20,260,573
Total tons carried
4,862,692,291
4,957,602,303
Tons of commercial freight carried one mile
821,471,49s
1,102,271,107
Tons of company freight carried one mile
5,684,163,789
6,059,h73,410
Total tons carried one mile
656,751
691,965
Ton miles per mile of road— all freight
31916 miles
29910 miles
Average distance hauled— all freight
$50,613,555 05 $48,666,915 78
Receipts from commercial freight
$1,686,226 63
$2,216,.t 42 65
Receipts from company freight
$52,830,097 70 $50,333,142 41
Total receipts- all freight
*3 44
$3 22
Average amount received from each ton-commorcial freight...
1-021 cents
1001 cents
Aveiage receipts per ton mile— commercial freight
$5,815 52
$6,032 51
Receipts per mile of main track— all freight
$2 69
$2 79
Receipts per revenue train mile— all freight
304-24
31 --97
Ton miles per rerm«.e train mile all freight (aver, tons per train)
253-75
265-28
Ton miles per traffic mile all freight (average tons per train)
17-38
1809
Average tons per loaded car— all freight

1,585,815

11-21
23-68
13-76
1-95

$21,192,959 58
$2,448 66
$1 56

Freight Traffic.
commercial freight carried
Tons of company frfeight carried

18.' Tons of

19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.

30
31.
32.
33.
34.
35.

865,190
2,451,' 05
94.910,012
28",799,609
375,709,621
35,214

3418
20-06 miles

$1,946,639 27
$550,316 02
$2,496,955 29

3303
$0-22

•020 cents

$216 P9
$0 10

6-61
5-36
6-28
4 00

4-96
6-39
2 00

373

14-73
11-53

3-72
4-84
4-54

0-71

409

—
.

December

THE CHRONICLE.

27, 1902.1

No.

1413

25-GENERAL OPERATING RESULTS-ALL

June

June 30, 1902.

Average miles of road operated.

LINES.

8,757-48

30, 1901.

Increase.

8,654-97

Decrease.

102-51

Per Cent.
1-18

Receipts and Expenses.
( -tail and Water Lines.)
1.
2.
3.
4.

5.
6.
7.
8.
9.

10.
11.
12.
13.

Gross transportation receipts
Operating expenses
Receipts over operating expenses
Percentage of operating expenses to gross receipts

$83,543,8V1 50
54,894,699 90
28,649,121 60
65-71

'$77,729,428 20
1149,4 34,5*1 89
28,294,876 31

'Rail tines only.)
Gross transportation receipts
Ope rati n g e x pen ses
Receipts over operating expenses
Gross transportation receipts per mile of main track
Operating expenses per mile of main track
Receipts over operating expenses per mile of main track
Gro <s Transportation receipts per train mile
Operating expense* per rain mile
Receipts over operating expenses per train mile

$78,923,722 96
51,001,14*49
27,922,f>77 47
9,012 15
5,823 72
3,188 43
2 34
1 51
83

$73,492,638 94
46,080,730 52
27,411,908 42

$5,431,084 02
4,9/0,414 97
510,669 05

8,491 37
5,324 19

518 64
497 74
20 90
06
08

14,398,718
18,066,913
1,241,424
33,707,055
1,306,503
3,845,34"
38,827,906
8,392,237
47,220,143

13,204,999
17,656,.* 62
1,368,705
32,230,266
934,326
3,717,589
36,882,181
8,279,316
45,161,497

1,476:789
372,177
96, "59
1,945,725
112,921
2,058,64b

4-58
39-83
2-60

91,839,681

83,067,594

8,772,087

10-56

7-48

$5,814,393 30
5,460,148 01
354,245 29

11-04

6360

1-22
3-32

211

3,167 18
2 28

143

739
10-68
1-86
6-10

935
•66
2-63
5-59
2-35

•02

85

Tr\tn and Traffic Mileage.
14. Locomotive miles run with passenger trains
15. Locomotive miles run with, freight trains
16. Locomotive miles run with mixed trains
!
17. Total revenue train miles
18. Locomotive miles light and helping: passenger trains
19. Locomotive miles light and helping freight trains
20. Total traffic miles
21. Locomotive miles switching
22. Total lo o motive miles in traffic service

9 04
2-32

1,193,719

410,351

930

127,281

528
1-36

456

Cab Mileage.
Mileage

cars in passenger trains
<>f cars in passenger trains
Mileage of cars in freight trains (loaded)
Mileage of cars in freight trains (empty)
Total mileage of all cars in freight trains
Percentage of loaded car mileage to total freight car mileage
(including caboose)
29. Average nuirber of loaded cars per train
30. Average number of empty cars ppr train
31. Percentage of empty cars per train
23.
24.
25.
26.
27.
28.

ot

Average number

Miscellaneous.
Maintenance of way and structure per mile of main & second tracks
Average cost of repairs and renewals per locomotive per annum.
Average cost of repairs and renewals of baggage, express and mail

32.
33.
34.

70-44
17-63
29-54

*

10-13
4*42

212

1-53

09

788 52
750 >-3
70 25

825 32
744 73
61 02

835

2-69

$1,161 20
2,439 04

•50

•57

$1,361 86
2,948 07

10-01
17-31
20-87

$200 66
509 03

4-46

$36 80

•82

6-io
9'23
1-69 cents
1-21 cents

81-62 cents
58-25 cents

P3-31 cents
59-46 cents

219

7,185,593
12,924,164
20,109,757

71-97
17-54
6-82
26-85

739

1-63

10

327,689,395
127,586,985
455,276,380

334,874,988
140,511,149
475,386,137

cars per annua)

35. Average cost of repairs and renewals of passenger cars per annum
36. Average cost of repairs and renewals of freight cars per annum. ..
37. Conducting transportation per revenue train mile
38. Conducting transportation per locomotive mile in traffic service

613

6-23

15-12
2-<>7

207

Inoludes rentals received In last year's report under "head" of rentals, fflnol rentalspay., in last year's report under "head" of rentals.

No.

0— ASSETS AND LIABILITIES— SOUTHERN PACIFIC COMPANY.

1

LIABILITIES.

AS8ET8.
Year ending

June

30, 1902.

Year ending

June

30, 1901.

Capital Assets—
Stoofes and bonds owned, deposited
against the issue of capital stock
of Southern Pacific Co. and under

mortgiges of Southern Pacific Co.
4%and4«*% bonds (No. 5)
$243,202,276 98 $248,200,837 98
Steamships
3,659,76175
3,693,475 97

30, 1902.

Capital stock
$197,819,227 40
First mortgage six per cent steamship bonds due January 1, 1911..
2,215,00000
Four per cent gold bonds (Central
Pacific
stock collateral),
due

August, 1949
five-year four and one-half per
cent gold bonds due Jan. 1, 1905.

Year ending

June

30. 1901.

$197,847,788 40
2,286,000 00

$251,862,038 73
$1,908,249 29
554,9^3 65
479,678 92

6)

Cash

2,67/ 21 57
1,269,884 25
,8

Construction advances
Individuals and companies
Material, luel and other supplies...
U. S. Government transportaton

565,^6" 48
5,280,960 42
1,809,349 79
14,541.898 37

$251,894,313 95
$1,644.968
1,181,322
931,842
6,4on,482
1,576,192
801,001
2,759,616
2,535,655

12
76
57
61
08
01

75
71

$17,840,081 61

28,818,500 00

15,000,000 00

15,000,000 CO

$243,952,288 40

$9,382 19

$10,322 69

516,99481

.

28,818,500 00

$243,882,727 40

'

Current Assets—
Bonds and stocks owned (No.
Agents and conductors.
Loans ano bills receivable

Tear ending

June

Capital Liabilities -

316.619 15
1.578,742 50

.

Two

Current Liabilities—
Unpaid dividends
Interest coupons due but not

pre-

sented
Interest coupons due July 1. 1901..
Interest accrued to June 30, but

1,436,292 50

not due
Loans and

2,473,875 32
1,034,580 60

-

bills

payable

340,39498

Traffic balances

Vouchers and pay-rolls

Deferred Assf ts—
Individuals and companies

09
2,262,728 26
4,778.714 67
135,953 92

$164,796 24
216,464 90
115,840 21
2.445,486 77
1,37*.719 94
152,153 28
135,953 92

$10,778,406 41

6,734,083 13

2,565,250
800,000
666,. 65
4,850,872

60
00
26
43

$4,606,415 26

$225,621 69

291,93185

Other property
Real estate
Steamships and tugs
Rolling stock

118,247 93
2,96=>,208

...

Wood-preserving plant

Proprietary* Companies—
Cromwell Steamship Co. (including
advances for two new steamers)..
Galveston Harrisburg & San Antonio Ry. Co
Galveston Houston & Northern
Ry. C»..
Gulf Western Texas

&

$1,310,729 74

$931,611 29

3,412,417 86

279,450 71

186,591 42

Pacific Ry.

Co
Houston East & West Texas Ry. Co.
Houston & Shrev- port RR. Co
..
New York Texas & Mexi. an Ry. Co.
Oregon & California RR. Co
Texas & New Orleans RR. Co
Pacific Mail SS. Co

768,36641

.

823,236
4,985,790
71,452
*1,029,916

13

08
37
67

583,718
3
2
681,416
4,524,413
3,724,778

58
0"
25
65
27
74

Proprietary Companies—
Carson & Colorado Ry. Co
Central Pacific Ry. Co
,.
Direct Navigation Co
Galves. Harrfsb. &San AntRv. Co..
Houston East & West Texas Ry. Co.
Houston & Shreveport RR. Co
Houston & Texas Central RR. Co...
Louisiana Western RR. Co
..
Morgan's La. & Texas RR. & SS. Co.
Southern Pacific RR. Co

$10,632,535 20

$495,000 00
,927,112 71

$2,422,112 71

$2,190,812 41

1

*

Advances for account

$292,285,816 17

of

two new steamers.

$717,822 35

$210,247 88
5,063,601 79
7,423 45

"i 43.105 48
140,281 28
529,091 01
1,558,873 70
4.941.044 02
8.547.4->3 48

$88,656
4.195,583
128,676
1.266,895

75
73
21
33

4,864
1,136,094
3.284,^32
7,054,393

59
89
05
95

$17,159,497 50

$104/47 36

$101. 5=4 47

973,693 09
39,916
1 ,243.776 91
1,562,020 67

807,324 70
275.812 80
984,256 01
1,442,187 43

$3,924,054 03

$3,611.135 41

.$282,109,507 05

$276,228.815 29

$10,176,309 12

$L0.93V343 14

Contingent Liabilities—
Replacement funds
Steamship insurance tund
Unadjusted accounts

660,000 ro
Total liabilities

Balance
Total assets

432,000 00

$21,141.122 09

1,530,812 41

Contingent Assets—

$285,822 35

400,000 00

tract

$10,788,07163

$216,000 00

Deferred Liabilities—
Tuxes estimated to June 30
Wells, Fargo & Co.'s Express con-

Individuals and companies..,
Marine insurance fund

$12,6*1,359 95

Discount on bonds
San Antonio & Aransas Pass Ry. Co.

$12,545,603 53

$616,000 00

Lands

$287,164,158 43

to credit

of profit and

Total liabilities

lost..

$292,28\816 17 $287,164,158 43

4
14

—

8

.

THE CHRONICLE.

1

No.

13— ASSETS-PRO PR1 [ETARY COMPANIES.
A8SE TS.
Total
June 30, 1902.

LIABILI VIES.

Total
June 30, 1901.

$638,94f ,820 99 $630,808,059 00
Sinking funds (No. 15 of pamphlet re15,152,708 22

port)
(No. 16 of

5,632.734 63

phlet report)

1

4,502,926 47

Total
J une 30, 1902.

Total
30, 1901.

June

Capital Liabilities—

5279,408,572 00 S ?279 924 572
Preferred stock
24,000,000 CO
24,000,000
Punded and other fixed interest bearing debt (No. 4 of pamphlet)
266,797,416 24 267,125,894
Equipment trust obligations (No. 4 of
pamphlet)
32,214 02
57,175
Three per cent notes favor U. S. of
America (No. 4 of pamphlet)
39,147,010 07
39.802,458

00
00
94
94
49

re-

1,228,91124

port)

Cash and XL

14,718,044

pam-

Trust funds (No. 17 of pamphlet

LXXV.

No. 14— LIABILITIES-PROI •RIETARY COR LPANIES.

Capital Asskts—
est of road and franchises
$634,559,511 24 $625,968,169 28
Expenditures for new lines...........
4,839,889 72
4,386,309 75

Land grant accounts

[Vol.

Gov. bonds deposited
against bonds satisfied of mortgage.

582,789 72-

Total

S

Securities to be issued for

S.

42,800 00

new

^609,385/242 33 £610 910,101 37
I

lines,

53,100 CO

300,000 00

$661,002,975 08 $650,664,919 37

U.

bills

rectivable

78
98
31
51
86

$241,345 68
46,028 03
938,742 40
545,488 97
4,135,054 80
22,221 33
106,186 45
1,082,248 78
$7,117,316 44

$280,191
35,493
690,548
503,852

..

3,323,^32
112,969
147,912
2.211,745

Government transportation

S.

12

599.754 61
776,685 91

$1,414,436 61

616,622
102,397
2,20?,948
7,105

Loans and

bills

payable

.....

63
57
54
00

Unpaid dividends

$4,167,024 25

$3,109,749 44

$84,457 52
15,264 78
204,458 48

$218,327 52
16,916 24
145,053 02
1,217,007 53

$370,728 32

$1,597,304 31

$147,328 01
505,324 23
63.920 75
18.513 24
1,1.59 71
47,059 59
176.595 10
506,961 60
126,945 70
9,023 51
1,717 33
1,987,639 31

$114,063 14
373,586 58
50,662 70
15,531 69
733.7>-9 61
15,687 81

5,539.998 69

$3,592,188 08

$6,963,707 29

$11,651,443 58

$10,652,180 78

$84,385 18
354,270 82

$12,499 47
295,963 92

5,632,734 63
642,428 36

4,502,926 47
166,436 69
847,800 00

$6,713,818 99

$5,825.626 55

$70,167,603 24

Total

Southern Pacific Terminal Co.

$9,023 51
152,998 74
1,516,592 20
356,269 56
189,988 35
18,513 24
52,040 27

$8,847 69
223,72128
5,134,094 3
124,399 06
192,005 92
15,531 69
(

750,643 09

22. '290 11

300,787 54
414,158 01

15,687 81
336,440 43

3,31000
555,542 37

Total

$3,591,513 90
Pacific

$55,311,155 16

Taxes assessed but not due
Sinking funds uninvested (No. 15 of

Due to

Central Pacific Ry. Co
Direct Navigation Co
Galv. Harrisb. & San Ant. Ry. Co...
Galv. Hous. <fe Northern Ry. Co
Gulf Vest. Texas & Pacific Ry. Co..
Houston & Shrevepoit RR. Co
Houston & Texas Central RR. Co..
Louisiana Western RR. Co
Morgan's La. & Tex. RR. & SS. Co..
N. Y. Texas & Mexican Ry. Co

112,336

'29

Direct Navigation Co
Galv. Harris. & 8an Ant. Ry. Co
Gulf West. Tex. & Paoific Rv. Co...
Houston East & West Tex. Ry. Co..
Houston ifc Texas Central RR. Co..
Iberia & Vermilion RR. Co..

Louisiana Western RR
Morgan's La. & Tex. RR.

& 8S. Co..
New York Texas & Mexican Ry Co.
Southern Pacific RR. Co

Texas

& New Orleans

RR. Co

....

$6,963,707 29

Company. $21,141,859 27 $17,183,978 33

Due to Southern

Pacific

Company

$312,620 23
145,250 52

$55,076 10
97,888 97

Unadjusted accounts

.,

Principal of deferred payments on

Replacement funds
Appropriation for
Total

$457,870 75
$11,459,746 44

new equipment

$152,965 07
$11,246,260 77

12 of pamphlet

rrofit

and

tots (No.

12 of pamphlet
.706,375,048 79 i 5694,705.824 90

$706,375,048 79 $694,705,824 90

Weissinger (Harry) Tobacco Co. of Louisville, Ky.—
company, it is announced, baa
been acquired by a syndicate composed of H. B. H 1lins & Co,, Frank Tilford, Henry R. "Wilson and Geoige
R. SheldoD. A member of the syndicate is quoted as faySold. —The control of this

ing
The Universal Company did not pay for the Weissinger Company.
This syndicate did pav for it and take up the stook. The Universal
Company was released from all obligations to the Welssinger Company and Mr Ttlford and Mr Wilson retired from the directorate of
:

Company on aooount

of personal differences with Mr.

As regards the

sale of the Book Company to tbe Havana Commercial
by the Consolidated Tobaooo Co. Interests), the facts
aretheee: The Bock Company was owned by a svndioate including
Mr. Tilford, Mr. Govin of H. B. Hollins & Co.. Mr. Wilfon and Mr.
Butler Mr. Tilford and Mr. Covin were the syndicate managers, with
full power to aot. When Mr. Butler Insisted on bringing into the syndicate Bourke Oookran and Camllle Weldenfeld, who were back of Mr.
Butler, Mr. Tilford and Mr. Govin deoided that in order to save litigation they had better sell the Bock Company at once. They sold It to
the Havana Commercial Co. at a good profit, turning over to Mr But
ler liii share of ih^ profit.. As may be imagined, relations between Mr.
Tilford and Mr. Wilson on the one side and Mr. Butler on the other
have since bewn hardly cordial.

Co. (controlled

It is reported tbat the Weissirger Company has been acquired by the Continental Tobacco Co. (controlled by the
Consolidated Tobacco Co.) on favorable terms. Compare V.

75, p. 803.

Westinvhonse Electric & Manufacturing Co.— Growth of

Company —The

shareholders of the British West
Eiectriu
Manufacturing Co. (V. 73, p 1113),
whose entire £750,000 ordinary stock is owned by tue Pittsburgh company, authorized in London, on Dec. 12, an increase in the 6 p. c. non-cumulative preferred stock from
£1,000 000 to £2,000,000. Of the new stock, £500,000 is now
to be offered at £5 10s. per £5 share to present shareholders
to provide for extensions, etc. The orders received for the
four months ended Nov. 30 aggregated £825,000, contrasting
with tbe results for the years ending July 31 hs follows:
In 1901-02 £932,000; in 1900-01 £738,000; in "1899-1900 £347 -

&

111,539 38
8,847 69

Contingent Liabilities—

Contingent Assets—
Individuals and companies

Britith

519,749
91,151
1,467,824
7,335

Proprietary Companies—

Proprietary Companies-

inghouse

26
63
10
00

Coupons matured but not presented.
Coupons due July 1st
Interest accrued to June 30th, but

$1,376,677 63

Duo from—

the Universal
Butler.

42
79
49
00

66,547 54

$634,163 11
778,458 82
1,814 68

Total

loss (No.

$61,749
273,893
379,695
308,350

Deferred Liabilities—

Unadjusted accounts

and

34
76
16
00

$237 11

Land and other property..
Stocks owned (No. b)

Profit

$51,936
341,527
426,717
417,770

Traffic balances

Deferred assets—

Due from Southern

J 5609,712,242 33 $611,246 101 37

Cr/RBENT Liabilities—

37
81

$7,30t>,646 74

Laons and

36,000 00

mortgage but not

satisfied of

Total

Current assets—

300,000 00

27,000 00

Bonds

one.

The net

profits for the

£60,686, £39,533

three years respectively were

and £20,777. -V.74,

p. 1095.

White Knob Copper Co.— Tbe following propositions,

it

have already been approved by a majority inteiest of
To issue $500,000 6 p. c. 10-year sinking fnnd
the stock, viz
is

said,

:

gold debentures, convertible after April 1, 1904, at the rate
of one bond for 80 shires of new etojk: also to reduce the
stock from $15,000,000 to $1,500,000 by reducing the pir value
from $100 per share to $10 per share, and to authorize $500,000
new stock (50,000 shares par value $10 each) in ord-^r to provide for the sale and conversion of the bonds. The debentures will be offered at par and interest to the stockhol ic-rs
pro rata. The shareholders will vote Jan. 6 on a motion to
reduce the capital stock to $1,500,000 and then to increase it
to $2,000,000. The Albert; tunnel, 700 feet below the quarry
and opening to a connection wit.b the main shaft, is expected
to he completed in January, 1903.— V. 75, p. 81.

— Announcement is made of the formation of a new Chicago firm, beginning January 2d, to engage in a general oommission business in grain and provisions, stocks and bonds at
Street. The copartnership will consist of Charles
Gillett, for the past two years associated with C. H.
Co., and George R, D^nniston. for six years tbe
Canby

181

W.

La Salle

&

Chicago representative of Mclutyre & Marshall. The new
firm of Gillett & Denniston holds memberships in the Coicago
Board of Trade, Chicago Stock Exchange and New York
Produce Exchange.
—Cincinnati Dayton & Toledo Traction 5 per cent bonds
are offered at 85 by Claude Ashbrook, Cincinnati. At this
price the bonds yield 6}£ per cent. The earnings, as given
in the advertisement on another page, show a gcod surplus
over the fixed charges.

—Attention is called to the advertisement of Clan <3e AshClrcago 6 per
brook, Cincinnati, offering Aurora Elgin
cent preferred stock.

&

:

..
.

.

December

27.

THE CHRONICLE.

1902.

©cmxmsmal gimjes<
COMMERCIAL EPITOME,

1415

COTTON.

3pxe

Friday Night, Dec.

26, 1902.

business activity
There
during the past week, owing to the observance of the Cnristmas holidays. Some of the leading commercial Exchanges
suspended business on Wednesday, while others observed

has been a general cessation of

Friday also as a holiday. Business in most of the European
commercial exchanges has been discontinued until Monday.
Manufacturers and dealers in many lines of trade are now
engaged in taking their annual inventory of stocks, and a
general revival of business activity is not expected until
after the turn of the year. The outlook for business during
the coming year is considered by good judges as highly encouraging, they anticipating a continuance of the geteral
prosperity experienced the past year. Despite the holiday
dulness a fair export has been transacted in wheat, but it is
understood that exporters are still holding off for lower price s
before tbey will buy largely of corn.
Lard on the spot has sold slowly, both exporters and refiners being reported as sluggish buyers. Offerings, however,
have been limited and prices have held to about a steady
basis.
The close was firm at 10-70c. for prime Western and
lC@10'25c. for prime City. Refined lard has been quiet and
there has been a slight weakening of priceB, closing at 10 90c.
for refined for the Continent. Speculation in lard for future
delivery has been fairly active, and the feature has been an
advance in prices for May delivery on bulling by packers.
To-day the market was firmer on small receipts of hogs.
DA.II/I 0LO8IMG PEIOEH OF LAE1> rUTDEBS IN CHICAGO.
Won.
Tue$.
Wed.
TAur*.
fri.
iat
December del'y.. 10-25
1030
1025
1017»a
9-82»«
January del'y.... 9 82*4
980 Holiday. Holiday. 9 924
9-22»«
9-37ia
9-424
May del'y
950
The demand for pork has continued to drag, but as there
has been no pressure to sell prices have held fairly steady at
$18@18 50 for mess, $20 50@22 50 for short clear and $18 50@
19 00 for family. Cut meats have been fairly active for
pickled bellies at a slight decline in prices, closing at 9@93^c.
for pickled bellies, 14@l0-lbs. average, &}4.@%%c. for pickled
shoulders, and lli^@12c. for pickled hams. Beef has been
quiet at unchanged prices, closing at $9 50@ll for mess;
$14@15 for packet; $17@18 for family; $35 50@26 for extra
India ints? in tcs. Tallow has been quiet and easier, closing
at 5%c. Stearines have shown a sagging tendency, closing
at \\%c. for lard stearine and 10%@llc. for oleo stearine.
Cotton seed oil has been more freely offered, and prices have
declined to 38%@39i^c. for prime yellow for prompt delivery.
Butter has been in more plentifnl supply and prices have
been easier, closing at 21@28o. for creamery. Cheese has
been firm and prices have advanced to ll^@14c. for State
factory, full cream. Fresh eggs have been in limited supply
and steady, closing at 28c. for best Western.
Business in the market for Brazil growths of coffee has
been dull. The majority of the trade continue to take a
pessimistic view of the situation, based on the excessive supplies in sight and a continued full-crop movement.
Prices
for the higher grades have weakened slightly and the close
was flat at 5^o. for Rio No. 7 and 6%f36^c. for Santos No.
4.
West India growths have had a limited sale, but at irregular prices, closing at 8^c. for good Cucuta
East India
grades have been quiet. Speculation in the market for contracts has been moderately active.
There has been some
selling against purchases of coffee in Brazil, and prices have
shown a sagging tendency. Following are the closing asked

Deo

4-45o.

Jan
Feb

4-45o

March.

4-65o.

May

July............ 5-00e.
sept.
5-15o.

485o.

Jane
4-95o. Oct
5200.
sugars have been dull, buyers and sellers being apart
4-55o.

Raw

I

I

The

close

and 3

was

dull at 3 15 16c. for
muscovado, 89-deg.
unchanged at 4-85c.

7-163. for

Refined sugar has been dull and

Other staple groceries have been without

changes.

Kentucky tobacco has been firmly held, but business has
been quiet, the home rade doing practically nothing and the
export demand being light, The market for seed leaf
tobacco has been dull, manufacturers showing practically no
interest as buyers. Prices have been unchanged and steady.
Foreign grades of tobacco have been quiet.
The market for Straits tin has been firm in response to
stronger cable advices from London. Business, however,
has been quiet. The close was firm at 26@26-25c. The
trade demand for copper has been light, but the market has
held steady and nominal quotations for Lake have been advanced to ll-75c. Lead has been quiet and unchanged at
4-lyi^c. Spelter has been weak, closing at 4'753.
Pig iron
has been steady at $23@25 for No. 1 Northern.
Refined petroleum has been firm, closing at 8'20o. in bbls.,
10'50c. in cases and 5-65c. in bulk.
Naphtha has been unchanged at 905c. Credit balances have been unchanged at
Spirits turpentine hae been firm and prices have
$1 51.
advanced to 55@55^c. Rosins have teen firm and higher,
closing at $1 9C@l 92^ for common and good strained. Hops
have been quiet but well held. Wool has been in moderate

demand and

firm.

.mi

against 260,830 bales last week and 252,885 bales the previous
week, making the total receipts since the 1st of Sept., 1902,
4,666,854 bales, against 4,600,179 bales for the same period of
1901, showing an inorease since Sett I, 1902, of 66,6?5balet.

at—

Ststipta

fhurt.

Wed..

8,644 13,720 18,793 24,996 14,164
1,299
1,242
1,199 1,420 1,784

59,409
3,193
88,966
7,183
17,173
43,528
9.436
8,498

2,422
14
1,382

10,897
14
24,910

239
17,173

5,576

9,957 13,482

5,796

2.346

1,523

988

1,318

2,870

1,976

2,142

1,487

3,648

4,802

7,485

4,563

3.025

37
19

391
388

734
431

378
1,296

100
702

126

157

8,718

Brnnew'k.&r:
limrleaton...

4 370
3,193
3,649

9,486
2,323

7,322 11,171

8,093 19,078

9,375
Bab. Fan, Ac.
Hew Orleans...
Hobile
eeneaoola, Ao.

Tutt.

.Hon.

Hat,

Royal.Ao

Pt,

Wilmington....

Waeh'ton.Ac
Norfolk..

Newe, 4o.
Hew York

286
150

S'p't

698
26

Baltimore

839

fhlladel'*. Ao..

ms

286
1.790
2,836

698
1,148

week 84,652 42,049 64.679 49,102 39.122 45,411 275,015

this

The following shows the week's total receipts, the total since
and the stocks to-night, compared with last year,

Sept. 1, 1902,

1901.

1902.
tZeeetptt to

MxceSep.
1, 1902

Thi*

Dee. 26

tee**.

Tkit
week.

...

275,015 4,666,854

1,

19 ;2.

1901

96,124 1,329,651
968
27,267
73,688 1,265,581
5,418
117,180
25,474 110,032
41,082 793,395
2,563
89,652
15,062
191,693
261
1,817
8,814 207,643
11
322
19,062 286,216
278
10,545
66.746
3.160
1,605
46,736
947
41,699
14,504
1,929

59.409 1,347,510
3ab.P.,Ac.
54.775
3,193
Hew Orleans 83,966 1,302,174
Mobile
7,183 137,099
77,982
P saoola, &c. 17,173
tov&nnah.
43,528 849,071
Sr'wlok.do.
83,138
9,486
170,627
Jnarleston..
8,498
......
221
P.JEtoyal.Ao.
v7llmlngton. 10,897 265,132
14
304
Waeb'n, Ac.
24,910 299,798
4oriolk
286
14,538
tf'portN.,*o
16,621
-Jew York..
1,790
23,437
soeton......
2,836
Baltimore .
698
12,263
12,164
"hllAdel.&o.
1,148
talveeton...

Totals

gtoek

9inc

299,*? 56

/901

192,199

232,059

411011
28,965

327,304
32,010

167,231
4,816
34,753

125,289
9,080
41,108

21,963

26,613

46,157

48,165

377
147,740

186
121,337
49,000
11.512
7,139

-» —-mmm

23.000

12,200
6,445

4 600,179 1,096,857 1.030,802

In order that comparison may oe made with other years'
^earive below the totals at Jeadinc: ports tor six seasoc?.
HeeeipU at—

1902.

ialves'n.Ae.

62.602
88,966
7,183
43,528
8,498
10,911
24,910

97,092
73,698
5,418
44.092
15,323

Newe, Ao.

286

Ill o there ....

33,131

275,015

New

Orleans

tfoblle

•iavannah

. .

Ohas'ton, Ac
9711m' ton, Ao

Norfolk

fot.talewk.

1901,

1898

1899

1900.

1897.

42,492
55,068
7,706
23.866
3,641
2,985
18,991
1,549
22,039

102,459
86,014

278
35,678

64,171
89,883
3,962
29,266
4,896
3 129
15,036
1,363
14,674

678

264

37,764

32,554

299,256

226,380

173,337

296,053

308.158

8,625
19,062

66,921
118,924
14,373
35 966
13,252
7,192
19.082

9,869

33,782
6,447
3,525
16,615

I

in their ideas of values.
oentrifugals, 96-deg. test,

for granulated.

1902.

26.

from the South to-night, Is given below, For the week ending
this evening the total receipts have reaohed 275 015 bales,

tf.

prices

nest.

Friday Night, December

The Movement of the Crop, as indicated by our telegr

«noe Sept.

l

4656,854 4600,179 4480,667 3916.079 5799.975 5573,464

The exports for the week ending this evening reach a total
of 215,501 bales, of which 83,124 were to Great Britain, 65,508
to France and 66.869 to the rest of the Continent.
Below
are the exports for the week and since Sept. 1, 1902.
Week BnMne Dec 26
Exported to—

txvortt
'rotn—

Irtmt

front*

Brit'n.

iJalYOotnn

—

Pais Ao..
tew Orleans.
Mobile
lab.

ls.eei

12,197

4.949

-Jew

12,062
16,790

89,988
1 12,939

1^,018

49,637
18,024

—

.

'kiladeipMa
Total.

.

310,

t

3

29.7C8

285,045
21,041'

960,610
45,298
875,164
63 028

9,647

2.1.362

7.3,125

84.288

393,020
48,0rf9

541.082
69.469
63,629

lc0,568

250.498

5.881

17,334
3,881
173.159

42,665
60,010

8.860

62,599
15,560
96.898
11.463

3.842

900

7,633

90,154

7,341

100
76,874

895
150

1,205

41,538
47.787

1.400

1,127
10.833

119

17,798

1,150

18.948

2,e00

2,600

1,239

69,363

70.592

8,721

695

•ayraa

11,906
.....

8,788

Jaltlmora.

r«.*.

.

11.906

Ac.

Torn

26. 1902.

itji.i

88,079

.

VUmingtoi!...
Norfolk
*'»ort N..

63,6118

......

13,021
.

tr am

471,863 188.234
15.530
409.«85 180,844

7.7C1

9,947

26,671

:barlettoo
*ort Royal

42.891

1, 1902. to Dec
Bxvorted to—

Sept.

8.771

8,291

6,943

iinniwlok

16,823

3,048
38,416

from

Oonti' SetnH
0r<«
niht. VTt*k Br..f»tf»

8,043
7.579

1902.

1,055

119

4o..

83,124

65,508

66,869 216,501 1,468.889 405.2S1 1,436,513 3,308.712

?o:ai 1801 .... 144,008

31.109

93,192 268,969 1.705,891 401.697 1,323,189 S.431,46?

.

.

1
1

.

'

THE CHRONICLE.

1416

In addition to above exports, our telegrams to-night also
give us the following amounts of ootton on shipboard, not
oleared, at the ports named,
add similar figures foi
Pew York, which are prepared for our speolal use by Messrs.

We

Lambert & Barrows. Produce Exohsnce

Bwildlnar.

Oreat
Britain jGV'nee

Other CoastFor'gn wise.

Ger-

many

ng * Pen-a 5,5 • ?5
s5 coir, loo

h cr
H
•

•

stock.

•

1

>•

I

'

:

:

:

1

1

•
•

•
1

91

•

•-

1

g: :
7: i
iii

••

'

:

.

]

;

ii

1

!,

34,044 15,124 28,32 s 24.605
17,122 14,990 12.868 11,443
1,850 3,000 17,-<50 4,350

Orleans.
Galveston....

Savannah.

...

Charleston...
Mobile
Norfolk
New York....
Other ports

Total 1902

2,300

"400

5000

4,000

139

97.240
57.976
26.350

313,771
134,223

1,070

1,800
8,000

4,900
17,000
2,500
20,000

24, Ot 6

li'ooo

I

29.157
145,240
48,801

64,516 37,114 65,946 47.498 11,962 227,036

Total 1901..
Total 1900.

80,097 52.772 38,131 28,349 24 966 224,315
69.672 20.4=50 61 57: 41.489 25 667 218,7*5

806.487
842,128

Speculation in cotton for future delivery has been on a
moderate scale only, and the tone of the market has been
unsettled. Early in the week there was an advance in prices
of a few points, reflecting stronger advice3 from Liverpool,
where shorts were reported buyers to cover contracts. Sobseq^ntly, however, owing to favorable weather conditions in
the South, the movement of the crop showed something of
an increase, aijd this turned the tendency of the market
downward, the improvement in prices being more than lost.
On Wednesday there was scattered baying by shorts
to even up over the holiday, and this demand served to advance prices a few points. Various reports continue to be
freely circulated relative to the position of January contracts,
and an announcement made on Tuesday by toe principal
holder of January contracts, that he would loan positions
against tenders of cotton to other speculative holders of
January, created quite a stir in the trade. Despite this an
nouncement many of the trade continue of the opinion that a
January "squeeze" will not be attempted. Commission
houses have oeen small sellers of January against ootton to
be shipped from the South, and the clique representing the
principal bull interest in January has been reported a steady
seller of this position and a buyer of March and May at the
ruling differences, thus liquidating their long interest in January and covering their short contracts in the spring months.
To-day, owing to the absence of advices from the foreign
markets, which were closed during the observance of the
Christmas holidays, there was a quiet market. Prices for January weakened slightly under liquidation by longs, while the
distant months were steadier. The close showed prices 3
points lower to 2 points higher for the day. Cotton on the
spot has been steady, closing at 875o. for middling uplands.
The rates on ana oil middling, as established INov. au, 1U02,
by the Be vision Committee, at which grades other than
middling may be delivered on oontraot. are as follows.
Fair
o. 1-30 on
Good Middling Tinged ..c. Even
0-96 on Strict Good Mid. Tinged.. 030 on
Middling Fair
0-62 on 8trlct Middling Tinged.... 006 of
Strict Good Middling
0-44 on Middling Tinged
Good Middling
Oiiofi
Middling
Low Middling
Strict Good Ordinary
Good Ordinary

0-14

038
0-72
1-00

off
off
off
off

Low

Mid. Tinged... 084 08
Middling 8talned
0150 ot
Strlot Low Mid. Stained... 1-06 ofl
1-50 00
Low Middling Stained
Strlot

On this basis the official prioes for a few of the grades for
the past week— Deo 20 to Dec. 28— would be as follows.
UPLANDS.

Sat.

770
832
870

7-75
8 87

8 75

y-14

919

Middling Fair

966

9 71

GULF.

Sat.

Good Middling

...........

Wed

Soil Toes
7-75
8 37
8-75
y-19
9-71

Th. Frl

7-75
8-37

H
B
01

875
»-i9

SO

<<

971

Ion Tu*» Wed

0000

oo

or

mh-

ecu

COCO

C0»J

-40;

w

*
I

I

Tfc.

7-75
8-37

875
9-19

971
Frl

:

I

I

I

<1<1
ecco
COCO

I

I

00

00 00

I

9

0000

crco

00
to

I

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869,821

Low

00

140,>-81

.

Strict

I

0000

eoto
0S^3

33.683

1,563

2,100

9,000

;
•

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1

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•

1

2:1:2:1w
it
It

r

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1

.

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:

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Total.

470

600
800

•

:

•

o<l

New

LXXV.

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S
9.
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[Vol.

Futures.— Highest, lowest and closing prices at New York,

jj

ON SHIPBOARD, HOT CLEARED FOR—
Dee. 26

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supply op (Jotton to-night, as made up

to
to

1
1

and telegraph,

1

1

I

1

1

I
1

1

1

I
1

1

toy

as follows, Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
Dec. 26), we add the item of exports from the United States,
uoluding in it the exports of Friday only.
jable

is

1902.

497,000
7,000

1901.

1900.
625,000

1899.
739.000
3,000
742.000
16.000
205,000
2.000

nock at London
Total Oreat Britain stock.
Clock at Uani 'miy
itook at Bremen
4took »t Amsterdam..... ......

fiOi.OOO

6.000
157,000

16.000
179,000

200

300

5.000
3,000
120,000
135,000
2.000
2.000
29.000
55.000
45.000
30.000
3.^00
2 000
398.2<)<i
459.200
1,083 200 1,135.200
60.000
26.000

6.000
280.000
4,000
77,000
48.000
5.000

12,000

6370J0

......

Stook at Rotterdam
ttook at Antwerp ....... ..4took at Havre.... ..........
ttook at Marseilles
.
Itook at Barcelona.........
<took at Genoa
»took at Trieste
Total Continental stocks.

620.000
4,000
624.000
13.000
219,000

200

«too« at Liverpool. .....bales.

6.000
87,000
3.000

42 000
44,000
2.000
346.000

613,3)0

1 .385,800
850 000
Total European stocks
8.000
66.000
itidla ootton afloat lor Europe
kmer ootton afloat for E'rope. 652.000 73 4.000 664.000 418.000
f
59 000
82.000
29 000
72 000
Cgypt, Brazll,&o. ant. f or E p e
204 000 20^,000 170 000 204 000
•>toek In Alexandria, Efrypt..
203.000 17^OO0 24*000 250,000
<wch In Bombay, India
Hock In United States ports. 1,096,857 1,030 802 1,060,883 1 ,173.931
725,166 819 640 820,567
itook In U.S. Interior towns.. 667,684
65,6-<4
41.047
9,560 _ 21.164
Tnited States exports to-day.
3,752,568 4,110,85 4.091,243 4, 340 012
visible supply
Total
Of the above, totals of American and other descriptions are as follows:
.

,

Good

Low

Ordinary.................
Middling..,. ......

Middling

Good

..

............

7-95
8-57

8-00

8 95

62

9-00

9 00

8

u-44

991

9 9b

8

9-44
9-96

8-00

tsS

P'62

9 00

9-39

Middling......

W

00

8-00
8-62

9 00

8
p.

9 44

64
44

tp

a

*

9 96

9 96

.

J!

STAINED.

Sat.

Low

Middling
....
Middling
Strict Low Middling Tinged...

7-20

Goo*

8

Mid<111n? Tlns-ed

...

8

20

836
70

Hod Tnei Wed

Frl

7-25
8 25
8-41

7-25
8 25
8-41

725
825

Holi-

8 41

day.

75

875

8-75

8

7-25
8-25
8 41
8 75

The quotations for middling upland at New York or
Dec. 26 for aaob of the past 82 years have been as follows
1894. ...0. 511 16 1886 ....0. 97 18 1878. ...o. 9>«
0. 8'75
1902
1901
1900
1899
1898
1897
1896
1895

1893
1892
1891
7»e
1890
5 7s
SiBjg 1889

778

P»ig

105

6

„

7*e

1888..:...

8H

1887

9 7s
7i6 ia
9»i«
IOJ4

9%
10»8

1885
1884
1883
1882
1881
1880
1879

914

1H 1(
10»b

106 16
12

lU 5 ia
12>a

im

1877
1876
1875
1874
1873
1872
1871

12»«
18>4
14i«

16
20*4

20k

MARKET AND 9ALRR
Spot Market
Closed.
Saturday
Monday..

Total....

Quiet

Sales of Spot & Coktrao

Market
Closed.

Quiet.Staady
Quiet, 5 pts. adv. Quiet........

Tuesday
ynlet
Wednesday Quiet
Thursday
Friday...

Futures

port.

Oon$ump,

Oontract.

927

1.025

2,700

400

Quiet

&

400
100
8,800

1.0271 6,900

8,952

.

j

1,025

1,952
2,700

10"
Holl day
8,b00

steady. Very steady.

Quiet & st' dy

t0tu:

American
ulverpool stock....
Jontlnental stocks

imerlcan

afloat for

bales.

^—

Europe.

.

655.000 536 000 616 000
424 000 36->,000 611,000
734 000 6 U m>o 418.000
1,096,857 1,030 802 1,060.8*3 1,173.981

423.000
821.000
652.000

Jnlted States stock
81^40 820.667
Jnlted States Interior stooks. 667.664 725,16a
9.56J
21.164
41.047
55 684
lnlted States exports to-day.
3,10i,6tJ8 3,524 8d2 3 458,083 3,660,712
Total American
Mail Indian, Bratii, At.—
89 000 123.000
65,000
74.000
iiiverpoolstook. ...... .........
3000
4.OO0
12 oOO
7.000
Uondon stock
32.300
30 200
35 200
25.000
„....
Jontlnental stooks
8.000
60 000
26.000
66.000
indla afloat for Europe
54.000
29 OOO
82.000
72.000
Igypt, Brasll, Ac, afloat

170.000 204,000
itockln Alexandria, Egypt... 204.000 202.000
203,000 172.0O0 241 OOO 250.000
itook In Bombay, India
651.000 586,2*0 643.200 679 300
Total East India, &o.
8,101,568 3,624,652 3 458.0^3 3 660.712
Total American
„..8,752,fi>68 4,110,852 4,091.288 4,340 012
Total visible supply
;
42i S3 d.
61B 32 1.
4*»d.
4-52d.
middling Upland, Liverpool.,
7Hise8*40.
IO&xhO.
8-75o.
middling Upland. New York..
7d.
8*3l.
7»ed.
7\d.
Egypt Good Brown, L,) verpool
7S8d.
7>«d.
7d.
7'20d.
r'eruv. Rough Good, Liverpool
4i6 3 »d.
47, 6 d.
4*id.
_
6»i 6 d.
^roaoh Fine, Liverpool
5S,«d.
4>*d.
4» la d.
4Hi 6 d.
rinnevelly Good, Liverpool
importa past week have been 127,000 bales.
Continental
,

The above dgarea Indicate a loss In 1902 if 853,234 bales
as compared with same date of 1901 a decrease ji 333,715
Dales from 1900 and a decline of 537,444 oaies from is»t).

5

December

..
.
.

THE CHRONICLE.

27, 1902. J

At the Interior Towns 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
for the

corresponding period of 1901

—

is

Quotations for Middling Cotton at Other Markets,—
Below are dosing quotations of middling cotton at Southern
and other prinoipal ootton markets for eaoh day of the week,

set out in detail below,

© s

9alveston.

B-*

-B

rg
.

•

:

— to»»-;*o _>-'potoeoo3
Waos cV-a'c. cs a -j r- © ao co o> co 1?
~JCoc»CO>-'03— >-

,

iV-oooocoi-'oo^aoi^oo "o»*^"to"»3 <-•
tO-ji-'©©©ocO i-'t>o~J©a305CB<lMGOCO-*-Ji*k:oO,
*k-o-qa>Ooaot*.aoi—3'Mit^-'i-'Co«a<ico»co^lo«i-'ip-if>.oOi(^j'0

to

•

COCO'-'

W >- "_-- tO tO^-"jOJ

CO

J-*

toj-1 ©<*•*>

P***2 **

» »9 XOlVftttft**"*' oc c*eo% to'y C 0« 03"© 00 03 00
v.03»3.ocoa:h-a-»»toaco>- ^ooo5aocotoocoOuy<oco^noa;(-'a>co
05 tO CO'rO

1)3.

f -jsco-aaoo-ODcci—*. £. <ico ooooo ao wo h^hm od to-aoeei- co
,

<

to

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«-•

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3-S
8-5-3

1

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10
tO — tOh-tO —
— CO
© CO © CO >- -J M -J — C0'- 05 — 00 00 M M O) 03 tO W 05 00 CO O 33 C
0« -JOO-*;
a0CC»-»33>C"'. 0*0<i(^OC003»J-'Coxa50
to © M (0
3:0:t0CO©J>0Dt0tvt0'-'0S©
>-"

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J<XO>XCOO- 03*-N>-if»t0Olt0

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—

fW

W

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— »>^MO<k-W!o<>-ii»to^<»*.©ei9jii-30'-

,

8

83a

83e

8k

9

9 00

8-75
838

900

838

SH
8H
85i«
8%

8H
KM

85 18
838
8

tZ
P*

8i«
8i«
8Bi„

85ie
83a
8

8I4
65 l8
a

8

8%
8

to
03

*
«

at other important
Nashville

84

85i 6
8 L4

8ii6

Louisville

8

Montgomery...

Natchsz
Raleigh
Shreveport

-• 00 «- DO

ai^<ic^*kCci-'03-ao3Co

Sh
8?
?Coo

«H-KiO<0'C»W33 0«XC0050<»l-'COO>^©05eO|fcO>©©taOCCCOa«

Euiaula.
838
8

Sat' day.
Dec. 20

DbCbek—

Monday, Tuesday, Wed'day, Thursd'y Friday,
Dec. 22.

Dec. 23.

Dec. 24.

Dee. 25.

*»
MS
---"i
©«

g-22 9 -27 8-179

—

8-i6a>

-

•

Closing... 8'199 20 8*229 23 8-189-20 8-17»'16

;

January—

;

8*21»-26 8-22«-27 8 159-20 8-149-18
Range
OlOSlBg... 8'2l'9'i2 8-229-23 8-179-18 3-179-18

;

J

36 3-329-38 8-259-31 8-259-29
Closing... 8-32»-33 8-339-3i 8-289-29 8-289-29

Range

8-31'«*

May-

.

.

8-39»-45 8429 47 8-359-4C 8-S49-38
b-40®-41 8429-43 8-37938 8-379-38

.

.

8'469'49 8-48 a-51 8-409-45 8 419-42
8-47»-48 8-439-49 8-429-44 8-439-44

Range
Closing

{-

Dec. 26.
•

— W25

Mahch—

&Q

84
8 1*

New Orleans Option Market.—The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.

Range
OD

85 16
81*

8-75

9oO

888
8>4

W

85,,,

838

900

8%

8i«
8*8
8J«

Atlanta...
Charlotte

cj<

it» ib-

1

C0*l*»

8%
895
8%
SH

S 5 16

Columbus, Qa.

<H
tO
Ot
00
H
-1 V O —
o 03 >- ro -J 0» -• iOS if
to U
CO Ot ^ N> 05 03 to
03 CO a»_JO 05
© co Vi © *> "e o»»*'-i'eo'"—"^^oaB*j> co o^» o» w "j/-* i- w"»j co iu a* to co co
fr^-^OiWNi^-^-JMJJ-Ji — 05 utOO>0!0332l^'03t3COP-"-J
os ?i o: »- -i — cco53ciooo5copi»cooo*'eon»'WaDcooi"i»ki-'MO>-acooo
N>

Cj> #>•

Fri.

The closing quotations to-day (Friday)
Southern markets were as follows.
Athens.....
Columbus, Miss 7 78
8H

^-J»»3CO#k:*:-3-'<J»^-tO*»"OaDXtO«t3 CO 00 03 f* 00 jC-

CO
<B

8-70

Louis

Cinolnnati

1

|

fc3

85,«

Houston

,

cji

Tkurs.

8H

b*
B*
8&is
875

8
85ie
8-70
83s

8t.

oj«o*-»seo

8ifl

8H

She

Memphis
(0

co

8 5 ia

8*8
8»«

8

Augusta

•

:

Wednes.

86ie

8H
8%
8%

She

Philadelphia

:

to

qo

£fe°
taw
a>-H:

Tuts.

86, a

Wilmington.
Norfolk
Boston
Baltimore .

O

199

xr
>

W

8J«
8*9

Mobile
Savannah...

§

H

K
R 3:

«3

Mon.

Charleston..

IB

we*'-'

85io

.

New Orleans

a

-03

Satur.

fBg.8?

g B <j 2 5 f| B g B a bj •

H H
~
s

FOB MIDDIJNG COTTOH ON—

0IX>8INO QUOTA.TIOH8

Week ending
Dee. 26
ii

1417

D

m

C
9

?

July—
-3

-Xl_tO^

Range

to

to

tototo—

to to '-•co 05 eo

to~»-i

«ato*a©>

W «!-''*>3COVtO^) *. J©— toS^-a-- — OOfOCO~rOCOtOtOit*»o'>0(0©C*
©©3>tO05O3COti.cOifcWt0J<©©<»OlO5«»a0O3^O'05t0<l>-'O»CO^JCO
CO<)>40<0~)7tOMOOC0 73tOMt3 — ^CO©O<CO05C000»3O>C0O5aDa5>-

5

is?*

&C2

Closing

Tome—
Spots
Options...

f —

(O

CDOOO'*'

©5CC0-"

!(3>oo©«03^eH'Vo5'
<0#k-eh*cCPO3ro«4t3*
to
*

— oscoco-ocoxo.

0> tO to •- to H" i-" CO
tO
o- 06 b< oo ifl*<j to o<

t-h-O'l-'tO

— COO'©*©*'

Ol-"l-«tO

© O: CO^lj- *• o: o> o» -^
w » — &:*» 05
j^i^.abuo'^Ox^ot-'^XODuCOCOii^uCO
CO

ife

•
•

Firm.
Steady.

Firm.

Quiet.

Quiet

Steady.

8teady.

Quiet.

•
1

63

i^.

03 b>ao*».<i<i

Ow ortO".*-3~iit*©oo~jy!i-'v~4-ace-~-Jco~j

to »f

!(»•—

Tins year's n^ures estimated.

totals show that the interior stocks have increased during the week 76* bales, and are to-night 157,502
bales less than same period last year. The receipts at all the
towns have been 11,900 bales less than same week last year.

The above

Weather Keports by Telegraph.— Keports to as by telegraph this evening from the South denote that the weather
has been more favorable on the whole during the week. The
precipitation has been light as a rule with the temperature a
little lower at the close.
The movement of cotton to market
has been on a fairly liberal scale.
Galveston, Texas.— Picking is practically completed except
in northern portion of Texas. There has been rain on one
day during the week, to the extent of six hundredths of an
inch. The thermometer has averaged 56, ranging from 4l<

Overland Movement fob the Week and Since Sept, i,—
a statement showing the overland movement
for the week and since Sept, 1, as made up from telegraphic to 72.
The results for the week ending
reports Friday night.
Palestine, Texas. — We have had rain on one day dnring the
Dec. 26 and since Sept, 1 In the last two years are as follows.
week, the precipitation reaching eight hundredths of an

We give below

1902.

December 26.
Week.

Sines
Sept. 1.

1901.

Week.

Sines
Sept. 1.

—

Shipped
Via St. Louis
Via Cairo

25,564
8.922
1,500
2,908
1,206
11,284

Total gross overland....

Deduct shipments—
Overland to N. Y., Boston,

Ac.

1,294
15,323
2,203
59 073
6,572
15.272
2,816
134,490 10.728

400,007
64,559
24
18,235
87,310
47,831
165,452

51.384

Via Louisville...

338,617 22.039
104.226
2,687

668,295 45,945

783,418

6.472
831

interior

towns

Total to be deducted

64,435
19.042
22,630

7,641

950

Between

8,253

106,157

inch.

—

San Antonio, Texas. Rain has fallen on one day of the
week, to an inappreciable extent. Average thermometer 52,
highest 68, lowest 34.
Corpus Christi, Texas.— We have had no rain during the
week. The thermometer has averaged 58, the highest being
72 and the lowest 44
Fort Worth, Texas.
tbe week, to the extent of

—We

have had rain on one day during
two hundredths of an inch. The
thermometer has averaged 42, ranging from 24 to 60.
New Orleans, Louisiana. — We have had rain on one day
during tbe week, to the extent of fourteen hundredths of an
inch. The thermometer has averaged 54.

—

1,745

169,685
32,0*6
22,398

Columbus, Mississippi. There has been rain on one day of
the weefe, the precipitation being twenty hundredths of an
inch. The thermometer has ranged from 28 to 70, averaging

9,784

224 109

49.

39S

—We

Vicksburg, Mississippi.
have had rain on one day of
the week, to the extent of thirty-one hundredths of an inch.
The foregoing snowi- rnux gum week's net >iv«riano movement Average thermometer 41, highest 62, lowest 32.
this year has beer, 43,131 bales, *g.Hinsl 36,161 bales for the
Helena, Arkansas
There has been rain on one day during
week in 1901, and that for the season to date me abrogate net the week, the precipitation being sixty one hundredths of
overland exhibit* an excess over a year ago of 2,829 bales
an inch. Average thermometer 42 6, highest 59 and lowest 21.
Little Rock, Arkansas.—There has been rain on one day of
1902
1901
the we k, the precipitation reaching twenty- three hunIn Sight and Spinnere
dredths of an inch. The thermometer has ranged from 81 to
Takings.
Since
Since
Week. Sept. 1.
Week. Sept. 1.
68, averaging 45.
Memphis, Tennessee.— We have had raia on one day during
Receipts at ports to Deo. 26
275,01 4,668,854 299.256 4,600.179
'he week, the precipitation being fifty two hundredths of an
Net overland to Dee. 26
43.131 562.138 36,161 559,309
Southern consumption to Deo. 26. 40,000 673.000 86.000 583,00c inch; balance dry. The thermometer has averaged 43-6, the
highest being 58 5 and the lowest 27.
Total marketed
358,146 5.901.992 371.417 5,742,488
Nashville, Tennessee. The crop has all been gathered and
Interior stooks in excess.
763 504,586
8,902 595,861
seven-eighths of it sold. There has been rain dnring the
Came into sight during week. 358,909
week, the rainfall reaching fifty hundredths of an inch. The
330,319
Total in sight Deo. 26
6.406.578
6,339,349 thermometer has averaged 35, ranging from 14 to 58.
Mobile, Alabama—Weather fair, but freezing to day.
North'n spinners' tak'gs to Deo. 26 81.686 965.120 68.956 918,412
have had rain on one day during the week, to the extent of
Movement into sight in previous years.
fifteen hundredths of an inch.
The thermometer has ranged
Week—
Bale*.
Since Sept. 1—
Bales.
from 32 to 65, averaging 50.
1900- Dec 28
345,916 1900— Dec 28
6,458.494
Montgomery, Alabama. There has been rain on one day
1899 Dec 29
241. 62 z 1899-Dec 29
5,792,025
1898 Dec 30
429,635 1898— Dec 30
7,646,779 of the week, the precipitation being twenty-nine hundredths
1897— Dec 31
367.653 1897-Dec 31
7,228,175 of an inch.
Average thermometer 48, highest 65, lowest 34.
Leaving

total net

overland

43,131

562.138 36,161

569,309

—

—

We

—

THE CHRONICLE

1418

LXXV.

[Vol,

Selma, Alabama.— The weather has been dry all the week. The receipts for the week ending to night (December 26; and
The thermometer has averaged 50, the highest being 68 and since Sept. 1, 19)2, the stocks to-night, and the same items
the lowest 30.
Madison, Florida. Some cotton yet to be picked. There
has been rain on one day of the week, the rainfall reaching
seventeen hundredths of an inch. The thermometer has

—

for the corresponding oeriods of 1901, are as follows:
1902.
Receipts to Dec. 28.

1901.

Since

This

This

Slock.

Since

averaged 54, ranging from 38 to 70.
week. Sept. 1. week. Sept. 1. 1902. 1901.
Savannah, Georgia, We have had rain on one day of the
3,126 46,008 4,697 35,733 19,326 14,618
week, to the extent of thirteen hundredths of an inch. Aver- Savannah &o
Charleston,
897
8,265
585
6,170
694 4,032
age thermometer 54, highest 74, lowest 36.
Florida. <feo
333
6,504
909
5,118 1,534
864
Charleston, South Carolina.— We have had rain on two
4.406 60.777 6,19! 47,021 21,544 19.514
days duriDg the week, the precipitation being sixty-eight
hundredths of an inch. The thermometer has averaged 53,
The exports for the week ending this evening reach a total
the highest beiDg 69 and the lowest 33.
of 3,685 bales, of which 3,135 bales were to Great Britain, 550
Charlotte, North Carolina.— Receipts have been free the to Franoeand
to Bremen, and the amount forwarded to
past week. Seventy per cent of our crop has been marketed Northern mills has been 997 bales. Below are the exports
and almost nothing remains in the fields to pick.
for the week and since Sept. 1 in 1902 and 1901.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
Week Ending Dec. 26. Since Sept. 1, 1902. Xorth'n Mills.

—

.

—

Dec.

3 o'clock

and Dec.

25, 1902,

Exports

26, 1901.

from—

Great

Feet.

Feet.

Savannah...

120
294
184

3

....Above sero
Above zero
Above sero
..Above aero

182
120

Haahville...

Sureveport
Vloksbnrg

30-2
35-7

14-3

of gauge.
of gauge.
of gauge.
of gange

1

2-8

Movement from all Ports,— The

India Cotton

iectxpts

at—

1901.

Sine*

Week

receipts

ginee

Week.

gept. 1.

gept. 1.

369,000 63,000

285,000 71.000

49,000

For tks Week.

283,000

ginee September

1.

M*port$

from—

Great

Continent.

10,000
8,000
14,000

Great

foiai.

11,000
8.000
14,000

Britain.

1,000

Continent.

Britain.

Total.

71,000
40,000
108,000

4,000
......

3,726 16,742

464 12.996

924

"649 4.001

"576

"576

75,000
40,000
120,000

1902
1901
1900

12,000
3,000
7,000

......

1,000
1,000

_..--»

12,000
4,000
8,000

6.000

1,000
3.000
8,000

1,000
3,000
14,000

7,000

37,000
28,000
25,000

87.000
28.000
32.000

4,000
1,000
26.0CO

121,000
74.000
149,000

125.000
75,000
174,000

...-•-

1,000

2,000

3,000
2,000

1,000

3,000
2,000

others—

1902
1901
1900
Total all—

1902
1901
1900

14.000
10,000
15,000

1,000
l.ooa
1.000

15,000
11.000
16,000

According to the foregoing, Bombay appears to show a
decrease oompared with last year in the week's receipts of
22,000 bales. Exports from all India ports record a gain of
4,000 bales during the week and since September 1 show
an increase of 50,000 bales.

Alexandria

^nd Shipments of Cotton.—

Keoeipts

Alemandrxa. Xovvt
December 24.

,

Receipts (oantare*)

This week
SlnoeBept.

TMi

\

week.

Exports (bales)—
To Liverpool

ginee

TMe

Since

gept. 1.

week.

gept.l.

B\nct
Sept. 1.

125,000
3,025,000

275,000
3,829,000

290.000
4.158,000

i

week.

18.000 185,000 22.000 150.000 15,000 158,000
10,000 171,000 15,000 195,000 4,000 107,000

Total Europe

3,135

550

3,685 17,868

4,375 22.243

997 21,293

1.178

441

1,619

9,419

4,003 13.422

1,637 13,654

Qaotations Dec. 26 at Savannah.— For Georgias extra fine,
15c; choice, 16c; fancy, 183^c.
Charleston for Carolina3.— Fine to fully fine, 23j^c; fully
to extra fine, 25c

Exports of Cotton Goods from Great Britain.— Below
we give the exports of cotton yarn, goods, Ac, from Great
Britain for the month of November and since January 1 in
1902 and 1901, as compiled by us from the British Board
of Trade returns.
It will be noticed that we have reduced
the movement all to pounds.
Yarn&Thread

lotalof All.

Cloth.

000s omitted.
190?.

1901.

1902.

Lbs.

Lbs.

Yds.

18.0M

17,198

607,812

February.

16,325

lb.eie

16,860

16,91!

439,781
450,068

Tot.lst quar
April

-.901.

1902.

1601.

1902.

1601.

Tis.
482.638
426.419

Lbl.
96,49b

Lbi.

90,763

Lbl.
113.59«

Lis.
107.956

84,689

80,191
79, 152

99,021-

420,89*

101,491

95,867
95,097

51,241

48,814 1,397.661 1,829,944 262,841 250,10!)

18,74-

16,615

May

16,522

15,11b

June

13,120

13.901

January

..

—

89.701

314,125

298,920

91.604

78.69«

110.262

96.814

80.437
73,97r

7H.O.J7

96,959

94.216

79,7 71

87,0fcfe

93.679

Tot. 2d quar. 48,390

45,634 1,807,671 1.263,261 846,919 237,567

294,301'

283,201

July

14,717

18,41V

438,948

16,507

17.361

451,398

97,261
101.P60

September...

16,639

16,298

422,586

83,17e»

96, IK

108,800
106,783
99,476

Tot. 3d quar,

47,863

52,091 1,315.926 1,396,408 247,471 262,41>

October

17,356

18,691

November. .,

18.072

17.461

August

,

486.573
427,725
898,37t

4i4,oee
424.934

418,480
420,69b
424,183

477,819
476,299
442.3C0

82,647

89,85b

t5,463
7V.471

89,88

295,831

314,609

442,171

83 514

83.154

100.869

101.845

432.475

79.914

81.707

97,886

99,168

92b

Total exports of cotton manufactures.

A oantar Is

1

l,183.41l'l, 126,049

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
the last three years.
EXPORTS OF PIECE liOOUS AND TARNS TO PRINCIPAL 0OUN1 RIBt IN
NOVEMBER AND FROM JANUARY 1 TO NOVEMBER 30.

in 1900, 22,605 bales.

Manchester Market.— Our report received by cable
to-night from Manchester states that the market is steady
for yarns and firm for shirtings.
The demand for cloth is
good, but for yarns is poor. We give the prices for to-day
below and leave those tor previous weoks of this and lest
year foi comparison.
1902.

Nor ember.

Piece Goods— Yardi.
(000» omitted.)

Of which to Amerloa In 1902, 37,894 bales; In 1901, 43,149 bales;

ait

1903.

Indies

Turkey, Egypt and Afrloa
China and Japan
Hurope (except Turkey)...
South America
Sorth America

Ml other oountrles

1901

Jan.
1900.

lb5,141 177.254 202.445
88,<rb5 91.827 76.H08
80.622 49.309 14 650
21.953 88,763

40 861
31,650
27,022

34,917
23,f65
32,750

41,360
k5.27>
32,39i

d.

Nv.21 7lie»8
" 28 7k O8I18
Deo. 6 7he08
" 12 |71i6»8

197*e f»8H 8
267ie *8iia

8k

lbs.

Shirt

Ooii'n

Oott'n

s.

d

H*B7 7k
f»7 8
lk»7 7k
lk»7 7k
lk»7 7k
lk©7 7k

2

to finest.

d.

d.

4-54
4-54
4-48
4-54
4-52
4-52

c™*™<™

\

Uplds

to finest.

d.

1* Y.V' in 9*>
Twist.
d.

6Ui 6 »7k

6% 0>7k

s.

d.

s.

f»7

Holland

Hid.
Uplds

Dth. Europe (except Turkey
Hast Indies

d.

9

d.

413 S ,

616 16 TJ7Bg

7

«7^

0k»7 9
lk»7 10k 4k
2

7

f»73i

7i,«»7i3 ia

30.

1900.

2,009,496 2,275.3f7 2,026.172
(1B1.600
838.681
489 910 517,282
686,717
270," 51
272. H41
2SS.71:3K1.133
378,1 15
413,801
265.C93
802,018
*74,4a1
344,678 380.524
3 6,12b
-

4.624.593

51:597

i47,915

24.2C2

>

24.19A

Farm— Lbt.

1901,

mgs, common Mid.

Xov.

1901.

424.9.54 432,476 416,632 4,tS9.?.s3
£60.5?O
Jt4,12S £4.487
84,442

Total yards.
Total value.

1 to

1002.

(OOOi omitted.)

d.

26,459

an increase of 8,362,000 lbs.
A further matter of interest

98 pounds.

Twist.

947

29.863

Stockings and socks.
Su ndr y articles

126,000 356.000 137.000 845,000 19,000 265.000

*

32« Oop.

1,577
6,720

The foregoing shows that there has been exported from the
United Kingdom during the eleven months 1,! 33, 41 1,000 lbs.
of manufactured cotton, against 1,125.019,000 lbs. last year, or

1900.

1901.

1902.

150
383

Total 1901..

March

.»••••
......

*«

12,000

1,000
1,000

1,000
1,000

Hadras-

4.11

3.685 13,016

3*352

3,135

die.

Total

Sombay—
1902
1901
1900
ualoutta—
1902
1901
1900

Since
Week. Sept.l.

924

550

Total.

Boston.

1900.

Since

Wtth.

Sept. 1.

Great Fr'nce

Total. Brit'n.

Bait., &o....

of cotton at Bombay and the shipments from all India ports
for the wook ending Dec. 25, and for the season from Sept, 1
to Dec. 25 for three years have been as follows:

1903.

die.

Oharl't'n.&o
Florida, &o.
New York..

ADove zero of gangs.

CTew Orleans..-.
Memphis.....

Fr'nce

Brit'n.

Dec. 25, '02. Dec. 26, 'OI.

»7

2

11
f»7 11

2

«7

11

Sea Island Cotton Movement.— We have received

419,a
419 s ,

Germany

2.403
2,078
2.814

2.0S1
2.645

2,6-7

:

1,951

3,16,.

.>.<

2,

i

1

i

14,737

i«72

Total lbs
Total value.

1,222
],«2r,

15,175

Ml other oountrles

805
2.47S
2.148

China and Japan
Turkey and Egypt

Jt««'.0

Jute Butts. Bagging,

1,681

1^2

2,622

580
b91
BOS
11,4 65
JE6S7

14,680
24.651
26 046
29.9V5
8,47b

377

2i,091

-.6

26.898
81,680
13.251

22.627
81)561

1,\6>

14,516

12,508
14,166
15,218

153.884

155,136

146.637

i6,7t'»

jt7,32W

i.7.070

8l.f>66

&c— The market

for jute

bagging

421 82

has continued very dull during the week under review, but

this

prices are

(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week.

unchanged at 6b. for \% lbs. and 6^c for 2 lbs.,
Jute butts inaotive at l * (a 1 ^c, for
grades.
standard
23_fc. for bagging quality.
paper quality and 2
1

@

1

December

.

THE CHRONICLE.

27, 1802,]

Egyptian Cotton Crop.—Through the courtesy of Mr. Fr.
Jac. Andres of Boston, we have received the Alexandria
General Produce Association report for the month of November, as follows:
The temperature, at the beginning of the month favorable, was
rainy snd odd the last ten days. The weather, however, has had

eoaroely any influence on the cotton crop, whloh had been finished
generally at the beginning of November, and was practically not increased by what the third picking could produoe. The yields In
ginning are Irregular, and the lnorease compared to last year, mentioned In our last report, has disappeared. As a final result we must
recogni/.e that the damage previously mentioned surpassed our first
forecast and we are led to estimate results of the crop at about
5,7SO,000 oantars.

1419

—

Liverpool. By cable from Liverpool we have the follow'ng statement of the week's cables, stocks, &c, at that port.
Dec.

•ales of the

week

Actual export
Forwarded...

......

rota! stook— Estimated

Of whloh American— Est'd

week

total Import of the

54.000
1,300
2,500
46,000
13,000
87,000
407,000
346,000
74,000
52,000
369,000
318,000

59.00C
1,800
3,200
51.000
8,000
106,000
433,000
376,000
184,000
175,000
282,000
227,000

bales.

Of whloh exporters took...
Of whloh speculators took.
tales American

Of whleh American...

Dec. 19

Dec. 12.

5.

Dec. 24

89,000
2,000
3,000
37,000
7,000
48,000
497,000
423.000
80,000
73,000
350.000
295,000

61,001
1,800
5,800
53,000
6,000

102,000
472.000
£92.000
173,000
131,000
369,000
327,000

Shipping news.— As shown on a previous page, the Amount afloat
Of which Amerioan
xporteof aottou from the UnitedStates the past week ha>e
The tone of the Liverpool market for spots and futures
reaohad 215,501 oales. The shipments in detail, as made up eaoh day of the week ending Dec. 26 and the daily closing
from ai^nand oeleeraphio returns, are as follows:
prices of spot ootton, have been as follows.
Total bales.
Liverpool, per steamers Cymric, 1,789. ...Nomadic, 250
2,039
1,244
To Hull, per steamer Hindoo, 1,244
per a reamer Titian, 3,455
3,455
To Manchester,
VaderAntwerp, per steamers British Princess, 150
To
land, 150
300
350
To Japan, per steamer Indramayo, 350
250
To China, per steamer Indramayo, 150
ST«w Orleans -To Belfast -Deo. 23— Steamer Carrigan Head,
2,737
2,737
To Hull— Deo.19— Steamer British Trader, 1,108... .Deo. 23
—Steamer II Plemonte. 2,000
3,108
To London-Dec tl— Steamer Antllllan. 1,734
1,734
Deo. 20—
To Havte-Dec. 19— Steamer Ontaneda. 2.837
Deo. 23— Steamer Lake MichSteamer Nassovia, 8,350
igan, 22.700
33,937
4,479
To Dunkirk Deo. 20— Steamer Kurland, 4,479
3.500
To Bremen-Dec 19- Steamer Perslana.
3,500
Leopoldina, 100 ...Dec
To Hamburg -Deo. 19— Steamer
Steamer Amberton, 1.50O
23—
1,600
To Antwerp— Deo. 19 -Steamer Ontaneda. 1,930.
1,930

New Yobk—To

—

To Oporto-Dec 22— Bark Emilia Elvira, 500
To Vera Cruz -Dec 22— Steamer Malm, 171
Galveston—To Ltverpool— Deo. 19 -Steamer Istrar, 8,774
Dec. 24-Steanier Actor, 5,087

500
171
13,861

To Havre— Deo. 22-8teamer Inchkelth, 12,197
12,197
To Bremen Deo. 23-Steamer Koln. 12,988
12,988
To Antwerp— Deo. 20- Steamer Mlddleham Castle, 3,835.. 3,83
Sabine Pass— To Liverpool-Dec 23-8tr. Gaditano, 3 043
3,048
Mobile—To Liverpool -Dec. 22— Steamer Woodleigh. 3,291... 3,291
To Bremen Dae 23-Steamer Newlands, 8.771
8,771
PBN8ACOLA— To Liverpool— Deo. 23— Steamer Franolsoa, 6,843 6,843
To Havre-Dec 'iz— Steamer Peotau, 9,947
9,947

Market,

Steady.

of the foregoing shipments for the week
in >ar usual form, are as follows.
ureal Wrencn Qer- -Oih.JS'rope—. Mexico,
Rril'n. vorts. many. North. South. *r. Japan. Total
300
New York. 6,733
250
350
7,638
500
171
N. Orleans 7,5-9 38,416 5,100 1,930
53,696
Galveston. 13.861 12,197 12,938 3,835
42,881
3,048
Sab. Pass..
3,048
3,291
8,771
Mobile
12,062
Pensacola. 6,843 9,947
16,79o
Savannah 26,671 4,948 9,272
8,746
49.637
Brunswick 13,024
13,024
11,906
Wllmlngt'D
11,906
895
Boston...
895
Baltimore. 1.055
150
1,205
119
Phll'deln'a
119
San Fran
1,750
1,750
Taooma
850
850

The particulars

arranged

Total. ... 83,124 65,508 48,187

6,085

421

9,246

2.950 215,501

Exports to Japan since Sept. 1 have been 68,353 bales from
the Pacific Coast and 350 bales from New York.
LJotton treiKnta at, .»ew ¥ork sue pasi week have beec
as follows.
Satur.

Liverpool

c.

Manchester

c.

Havre
Bremen

c.

Hamburg

c.

Ghent
Antwerp

c.

c.

e.

Reval, indireot..c.
Beval, via Canal. c.
Barcel' na.ind'r't.c.

lion.

Tuts.

12
15

12

15

12
15

12
15

Wednes. Thurs.

26k

26k

26k

26k

15
15
21
15

15
15
21
15

15
15
21
15

25

25923

55® 28

25926

30
29

32
29

32
29

c.

14915

14915

13915

13915

Trieste

c.

27

27

27
45

27

(via Suei).*.

•

26^

a

32
29

Genoa
Japan

15

15

15
21
15

12
*

4?k

Quotations are oents per 1UO

45
Ids.

42is

83

15
15
21
15

25928
32
29

t
•

,
1

business
doing.

Fair
business
doing.

Quiet.

4-52

4'56

454

4-52

Fair

)

13:30 p.m.',

7.000

10,000

590

500

Aexp.

ipeo.

42k

1

8.000
500

10.000
1,000

A

o

5

Futures.

Market
opened.

Firm at Steady
3 pts.

I

advance.

j

l

4P.M.

1

I pt.

adv.

»

Quiet

Qn let

1@2

<

lpt.
decline.

at
Pts.

deoline.

i

at

Q'tAst'dy Steady

at Steady at
3>6@a pts 1©1* pts. 3®4 pt*. l@V4 pts.
advance. advance. decline. advance.

D'll

Market,

&

at

partially

st*y

The prloes of futures at Liverpool for eaoh day are given
below, Prices are on the basis of Uplands, Good Ordinary
slauae, unless otherwise stated,
The prices are given in pence and 100th. Thus: 4*67 means

B^

4 O7-100d.

Sa«.

iTlOli.

Dec. 22

Wed. Thura.

Taei,

Dec. 20

Dec. 23

Dec. 24

Dec. 25

Fri.
Dec.

26

12k 1 12k 4 12k 4 12k 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d.

d.

Deoember... 4 51 4
Deo.- Jan.... 4 51 4
Jan.-Feb.... 4 51 4
Feb.-Moh. .. 4 51 4
Moh. -April.. 4 51 4
April-May.. 4 52 4
May- June... 4 53 4
June- July... 4 51 4
July- Aug... 4 52 4
Ang.-Sept... 4 47 4

d.

50 4 52
50 4 51
50 451
50 4 51
50 4 51
51 4 52
51 4 52
51 4 52
51 4 52
46 4 47

d

d.

d.

d.

d.

4 52 4 50 4 48 4 48 4 50
4 51 4 49 4 48 4 47 4 49

451 4 49
451 4 49
4 51 4
4 52 4
4 53 4
4 53 4

49
50

51
51
4 53 4 51
4 47 4 45

k
o

4 48 4 47 4 49

47
4 48 4 48
4 48 4 48
4 49 4 49
4 49 4 49
4 49 4 49
4 44 4 44
4 48

4

4 49

4 49

•

4 50

&
9

39
t

4 51
4 51

451
4 45

Sept.-Oct

BREADSTUFFS,
Friday, Dec. 26, 1902.
Business has been quiet and there has been some irregularity to prices. With few exceptions the trade has been an indifferent buyer, preferring to hold off until after the holiday
seasoD. Offerings of spring-wheat flour, however, have been
only moderate, and the mills, encouraged by the steadiness
shown by the wheat market, have held firm for full values.
Winter-wheat patents have been more freely offered, and to
effect sales lower prices have had to be accepted.
City mills
have been quiet and uncharged. The demand for rye flour
has been limited to a few jobbing orders, but prices have
held steady. Buckwheat flour has been in fair demand and
steady. Corn meal has had only a small sale and prices have
been unchanged.
Speculation in wheat for future delivery has been quiet,
the suspension of business on Wednesday and Thursday in
the principal grain markets of this country having a tendency
to hold new operations in check.
Early in the week the
tendency of prices was towards a higher basis. European
cable advices were of an encouraging oharacter, reporting
firmer markets. The improvement in prices in the European
centres, it was generally understood, was based largely on
the character of the crop news from Argentic a, the marketing of tbe crop in that country bting delayed by unsettled
weather, which gives the United States a lODger period to
supply the wants of
Europe before the competition
from Argentica is felt.
Owing to the cold weather
afftcting navagation, Russia is expected to be unable to
ship wheat freely to other European markets. Rt fleeting
the steadiness shown by the European market, exporters have
continued steady buyers of cash wheat here and at outpoits, and they have paid steady prices. Wednesday there
was a slight reaction in values, due to selling by speculative
holders, who preferred to even up over the holidays. Favorable weather reports from the Northwest also were reported
as having a weakening influence upon the market. To-d.iy
there was a steadier market on reports of severe weather
in the winter-wheat belt.
The spot market was firmer but
quiet.

DAILY CLOSING PBIOEB OF NO. 2 RID W1NTEH WHEAT IN

13915
27

8
•

Mld.Upl'ds.

Savannah— to Liverpool— Deo. 22— Steamer Janeta, 2.604 Up-

land and 50 Sea Island— Deo. 24 -Steamer Bedouin,
11.785 Upland and 100 Sea Island
14,537
To Man cheater -Deo. 20— Steamer Samantha, 6,129 Upland
Dec. 22— Steamer Janeta, 3,020
and 2,935 Sea Island
Upland and 508ea Island
12,134
To Havre-Dec 20— Steamer Rosewood, 4,398 Upland and
550 Sea Island
4,948
To Bremen— Dec 23 Steamer Hesleyslde, 9,272
9,272
To Barcelona-Dec. 19 -Steamer Maria, 5,625
5,625
To Genoa -Deo. 19 -Steamer Maria, 2,721
..
2,721
To Trieste -Dec 19—Steamer Maria, 100
400
Bbdnswick— To Liverpool— D^c 23 Steamer Bogstaa, 5,782
Dec 24-Steamer Porestdale, 3,5^8
9,310
To Manchester— Deo. 24— Steamer Forestdale, i, 714
3,714
Wilmington— To Bremen— Deo. 24— 8teamerHarbart, 11,906. 11,906
Boston To Liverpool— Deo. 20— Steamers Invernia, 130;
Sachem, 527
657
To London— Deo. 22 -Steamer Bostonian, 238
238
Baltimobb— To Liverpool - Dec. 19— 8tr. Templemore, 1,055.. 1,055
To Hamburg -Deo 19— Steamer Bengalia. 150
150
Philadelphia—To Liverpool -Deo. 20— str. Rhynland, 110...
119
Ban Fbanoisoo-To Japan— Dec 19— Str. Nippon Maru, 1,750 1,750
Tacoma— To Japan— Deo. 24—Steamer Shawmut, 850
850

Monday. Tuesday. Wcd'day. Thursd'y Friday.

Sat'day.

Spot.

."•at.

itsu

wneat

<

i

'

Dec. delivery In elev...
dellverv In elev.
Jnly delivery In elev...

May

.

798s
833s

8lk
~S%

Won

79%
83'8

81k

7S 78

fuet.

79k

Wed.

NEW YORK.
Thurs.

m.

80
* Holiday. Holiday. 84 k
If
8lk
7888
7&»8
1

H

.

i

o

:

.

THE CHRONICLE.

1420

CHICAGO.

LXXV,

[Vol.

NO. % SPRING WHS1T IB
Tut*.
F*t
Mon.
Wed. Thurt.
74°8
Deo. delivery In elev... 74*4
74 78
74%
May delivery In elev... 77*4
77*8 Holiday. Holiday. 77^
773b
74*4
74"«
July delivery in elev... 74"«
74

lines of heavy- weight trouserings and suitings for 1903 have
not been opened yet. The woolen and worsted dress goods
division shows a dull business only in progress, without any
change in prices for either staples or fancies.

Indian corn futures have been quiet and the movement of
prices has been irregular. Locally there has been buying by
belated shorts of December to cover contracts, which has advanced prices, bnt for the more distant deliveries values have

Domestic Cotton u-oods.— The exports of cotton goods
from this port for the week ending Dec. 22 were 10,327
packages, valued at $451,406. their destination being to the
points specified in the tables below

DAXLT OLOBUfO PRIOBB

Off

Sat.

shown a sagging tendency. The advices received from the
West show that as a result of the free movement of the new
crop, the urgent

iSfsiw

demand

for supplies has been fairly well satisfied, and a steady accumulation of supplies is now expected, especially as weather conditions are favorable for the
handling of the crop and prices are on a suffi ;iently high
basis to tempt farmers to market their crops freely, The
spot markets have been easier, but no business of importance
has been transacted with exporters here or at out ports, as
prices apparently have not reached a sufficiently low basis to
prove attractive to them. To-day the local market was higher
for December delivery on bidding by nervous shorts ; other
months were steadier. The spot market for export grades of

York to Dec

1902.
Week. Since Jan.

Week. Since Jan.!.

1-

15
3

79
62
3,156
182

162

128,816
20.865
28,792
11,106
25.009
2,167
10,092
55,958
13,822

360

4.185
1,620
94,806
6 828
41.767
9.915
33,438
1.991
6,154
53,208
10,694

10,327

Inilla

2,052
1,142

4,061

Ohln»..„

294,821

6,926

254,501

,..

1

.................

3,308

Mexico....
„ .... ..ot.
Central America......... ...

234
815
82
279

n

Arabia..

West Indies
South America. ............
OtherOonntrles. ...........

1,367

corn was unchanged.

NEW IORK,

DAILY CLOSING PRICES Of NO. 2 KIXEI5 COKR IN
mat.
Mon.
Tuet.
Wed.
Caen corn f. o. b..
59
B9*«
59
60*8
60
Dee. delivery in elev. . 60

1901.

22.

670
80
153
2,344

The value of these New York exports since Jan. 1 to date
has been $13,585,052 In 1902, against $11,249,205 in 1901.
54J4
Brown sheetings in standards to S}£ yards have sold freely
Jan. delivery In elev
58%
53% Holiday. Holiday. 54"*
48"%
483*
May delivery In elev... 48%
Early prices were below previous open
48>a for export to China.
47 "«
July delivery In elev
quotations, but the week closes with a partial recovery and
DAILY CLOSING PRICES OF WO. 2 MIXED COBN IN CHICAGO.
an upward tendency. Brown drills have not been called
Tuet.
Sat.
Mon.
tn. for to the same extent as sheetings, but also close firm and
Wed. Thurt.
45**
45*3
45*4
Deo. delivery In elev.
4518
Home buying of brown goods has
48** Holiday. Holiday. 438g against buyers.
May delivery In elev .. 438s
43*fl
42*% again been quiet.
Ducks and brown osnaburgs are
July delivery In elev.. 42^
42%
429s
Oats for future delivery at the Western market have been steady. Bleached muslins have been in quieter request this
Tnere is no
quiet, but the slight charges that have occurred in prices week than last, but the market is steady.
have been towards a higher basis. The movement of the ohange in wide sheetings nor in sheets or pillow cases.
crop has been reported as only very moderate, and this, Qailts are well sold ahead and generally from 5 to 10 per
coupled with a fairly brisk cash trade, has been the cent higher. Cotton flannels and blankets continue scarce
strengthening factor.
Locally the spot market has been and firm. Coarse, colored cottons of all descriptions are
well sold and prices are firmly maintained; the demand is
fairly active and firmer. To-day the market was firmer.
moderate. Business in staple prints has been moderate, bat
DAILY CLOSING PRICES OW OATS III
YORK.*
the market is in generally good shape and prices steady.
Wed. Thurt. Fri
Tuts.
Sat.
Mon.
The market rules quiet at previous prices for fancy calicoes
HO. S mixed in elev... 37
38
38
38
H olldav Holidav
o. 8 white In elev... 89^ 39>* 39"4 uouaa y- iloliaay 3913 aod fine printed fabrics. Staple and fancy ginghams are
DAILY CLOSING PRIOBB OF NO. 2 MIXED OATS IN CHICAGO.
firm, as are all desirable napped goods. Print clotns are firm
thurt. in.
Sat.
Tuet.
Wed.
Mon
at 3c, but no business reported. Narrow olds are scarce
Deo. delivery In elev.. 3i<fe
32
Holiday. Holiday, f?"9 and firm. Wide odds quiet at unchanged prices.
•Hi
May delivery In elev.. 33 '«
33&8
33*s
Foreign Dry Goods. Businees has been quiet in foregn
Following are the closing quotations
drees goods of all kinds, but prices are maintained. Piece
FLOUR.
Ribbons quiet but prices
silks are firm, with a fair demand.
Tine..
,..$2 60 ©2 65
Patent, winter
,
93 75 94 00
maintained. Linens are in indifferent request bnt firm.
Bnperfine, „„_.
2 75 02 80
City mills, patent. 4 40 94 60
Cztra, No. ft, . .... 2 85 92 90
Rye Hour.Buperflne 3 00 93 60
Barlaps are doll and barely steady.
"Extra, No. 1 .
2 95 93 20
Back wheat flonr.. 2 20 92 30
Importations and Warehouse Withdrawals ot Dry Goods
Clears......^.,..... 3 15 »8 40
Corn mealStraights.. «.«.,.. 3 60 93 80
Western, etc... .. 3 15 •3 20
The importations and warehouse withdrawals of dry goods
Patent, spring.... 4 10 94 65
Brandy wine
3 20 93 25
at this port for the week ending Dec. 25, 1902, and since
(Wheat floor m i„- s&& sella at pirloee below those tor barrels.)
January 1, 1902, and for the corresponding periods of last
GRAIN.
year are as follows:
Wheat, per busn —
Corn, per bush.—
o.
o.
o.
e.
Hard Dal., Kj 1.. t. o. b. 88*4
.58*3 64
Western mixed..
*
«
H
BT'thern DaL, No.1 f.o. b.87
No. 2 mixed
I. o. b.Sw
o to 5 •- — O *B
to
Bed winter. No. 8 I. o. b80
No. 2 yellow
l.o. b.59>*
a?
Nort'n Dal No. 2. f.o. b.85
No. 2 white,
f. o. b.60
— H O — s»
Oaie— Mix'a.p. bash. 37ifl»S9%
Bye, per bash—
— °: B:?fjg
I
White....
381**43
....58>«»61*«
We tern
os
Sihi
S: j :
3
P
55
o
State and Jersey. ...55 956
No. 2 mixed
38 939
Farley— WeBt
No. 2 white
89^9401*
46 953
ii
8 g:
Si
: i •
Sit! |
:
•
•
»
©
Feeding
42 945
Thurt.

Frt.

59
64

.

. .

NEW

-

—

,

<j

.

.

j

!

<

.

•

!

>

s

;

For ether tables usually given here see pate 1384.

i

:

:

S

£

:

*
:

J

*

i

I

*

i

I

»

nnir

T

flB

THE DRY GOODS TRADE.

en

Nbw

Yobk, Friday, P. M., Dec. 26, 1902.
Manufacturers of heavy brown sheetings and drills have
been much encouraged during the past week by the reappearance in the market of a substantial demand for China.
Good sized purchases have been made and contracts for an
aggregate quantity of probably 60,000 bales have been placed
so far, with a number of orders still in sight at the close.
This demand has sprung up quite unexpectedly, as with low
silver and good stocks in Shanghai appearances were discouraging, and the majority of sellers had their minds made
up that China was not likely to figure as a factor in the situation for at least several weeks to come. The efft ct on the
division of the market immediately concerned is noticeable.
Previous irregularity and declining tendency have been generally corrected, and at the close the tone is firm. There has
been little alteration to note in connection with the home
trade. Business on that account is always dull during Christ
mas week, buyers being so much taken up with holiday
trade and stock-taking operation. The local jobbing trade
has been cleaning up open stocks and has been fairly busy.
Woolen Goods. Additional lines of rongh-faced and
fancy overcoatings have been opened during tbe week without brineii g about any change in the price situation. The
demand has been good for kerseys, and leading makes are already well sold. In other descriptions of overcoatings the
business done has not been marked by any special feature,
buyers operaling cautiously in most lines of these. The
cloaking trade has placed considerable orders for light-colored kerseys, but bought moderately of other varieties.
There has been no change in the market for light weight
trouserings and suitiDgs. The reorder demand has been fair
and has come forward at steady prices. There is little irreg

—

ularity in prices outside of

some

lines of fancies.

—

to
CO

The

fall

CO

«i(OWO»0

10,352 13,224

©

-J

09
(-0

o

M

43

2,355,560

227,439 225.006

650,132

92,458

61.996

a,

00

234

-o
IO

OB

©
*-

*>

I-

t0l^O><S~J

WOD

X XX ©jT3>WVai^"-C

\n

J. '»

l-»

OD

X

otoaxx

«<to

os

u

9,714

©to
c*©

win

-jj

x

t^

co

tO

tOlnW

oc>.3;"oo*W

CO

5003
00 Ol

A—

J> tc to
05 to to.- -a
OO«0CO3

(X©

—

J<

to*-

cox
26,009 61,377

u. CO

** Co

1

O303

CO

'

to""

la-*

©W00S3M
t

'

x|3

7f*

© co

oo'-oi

UC©03-J(0
OO-vJ .»*.

X

e oo-l Mto^oau
X©
b Ol * "oiVeVu
a f0 -o co io
o CO
~
aoj-jto *»_c9
to
V "^
**
b«
e»o>
'

w

'-

m<i

-ltd

io

-

'*»

go
CD

J°
"—

H

C0*-03«IX

MtO^»)l-'

-rf*i

i

*-i"r*ji»s"©

"*.

05

X

I

co
CO

tom*>cc
j~) -CO:

COCO
©- <IOCC
— "xcO*©
CO*. om»
a co C5X 05
or 00

03 CO

to

369,961

0>03

24,41« 12,332

16.552

8,341

03©
-

10

COtO

00©
OiO

to co co

U<CO

WO

wto
tOC"CO
I

ODO Vi'*>CO
cnx

©

"o'cc <o to
03 3: —•B03

b<'to

'CO

-Jdn

"*•

a co

aocowi^

i

tOi^03C)>X

X

^j

B

ICO

g

"tec to X

*

•

V

c»

wto -4—
—

(TCOtO

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to

I

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59.474

-82

I

TjiV

'

Hffcaow
o_ KQIHr-Q

123.720

55,987 54,715

31

03-J
^100

to
ro

5
00
oo

w QOXOvJO
CO 35 — V"

113
2,237,468

407,778

I

*-x tooto

O XI M CO

to

X

10

J

°,™*

©e<i"woo
tOCOOOi^

©33

CO

O A — r- w
Vf- © o»
WO "in"*."©
toai ma3 —

ȣ.

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03 —

CO>—

WX©M

a. 05 ^J

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O-J

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m i».*<co«*-o
C
33 *.

030

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102,804 175.448 121,775

—

co»x--^
— aoj*.c»o»
05 "oo b> too
^J CO X O CO
*— CO

to

-J
to
pa
v>

I

OB

i

OC

3>
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5

SI

00030303

£"P

I

00*00
00 03

I-

COCO

(OtOj^Oft^

-JO

H

"tca'cocn

S

05
to

22.27t;

IO*

w

r-t0COtO35

*©V

M 33 M *^»*
oo — 'c'&'O
co'o
"»
©10 03 © CO ® to
TO to © l"
;

» «i —

KM»^-_tOJfl*8

'

14,295

13,353

10©

to to en as

,

03

to
iA

IO VI

o<x
0-.M

u>-^

— ft*

to CO

yt

o-lo

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15,36rV

co

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co
Ui

to

S"3

33X03 00

IfttOX
to

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13,337 11,4-8 22.245

— M 10

CO
CO

— ^ioD-a

Oi

219,172

205,926

525,662 268,361

p

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was

Decembeb

p£F*OTM£NT.

0ITY

News

Items.

Mo.— Litigation.— The

St.

Louis 'Globe Demo-

crat" spates that on December 1 T. L Darkee and other
citizens of Canton filed a suit in the Cole County Circuit
Court against Albert, O. Allen, State Auditor, to prohibit
hioi, by injunction, from registering $10,000 electric-light
bonds, voted by the city of Canton at a special election held
in September. The suit is brought on the ground that the
election was illegally held.
The United
Ottu wa, Iowa.— Water Bond Decision,
States Circuit Court of Appeals in passion at St. Louis has
sustained Jadge McPherson of the United States District
Court of the Sauthern District of Iowa in the opinion that a
water bond issued under the authority of the Code of Iowa is
a municipal debt and therefore cannot be legally issued by a
city which has exceeded the constitutional limit of indebtedness. The case is that of the Water Supply Company
of Ottumwa against the city of Ottumwa. Plaintiffs sought
to prevent the building of a municipal water plant and carried the case into the Federal courts. The decision of the
State Supreme Court of Iowa, holding that a water bond was
not to be considered a municipal debt, was handed down

—

>

October 25.
St. Croix County, Wis.— Interest Ordered
lowing is from the St. Paul ' Pioneer-Press

Paid—The
:

Bond Proposals and Negotiations thii
week have been as follows
Albany County, N. Y.— Bond Offering.— The County Treas:

urer has been directed to sell at public auction on Sept. 16,
Date, Oct. 1, 1903. In1903, $41,000 ZM<t refunding bonds.
terest, semi-annual.
Maturity, $1,000 yearly on Oct. 1 from
1904 to 1921. inclusive, and $23,000 Oct. 1, 1922.
Allegheny County (P. 0. Pittsburg), Pa.— Bond Sale.— Ah
bids received December 5 for the $550,000 8%% 20-30 year
(optional) road improvement bonds were rejected and the
bonds were re-cffered on Dec. 18, at which time the following bids were received
R. Eleybolte A Co., Cinom. 1554,680 00 Newburge rBrog. AHender:

Carothers

&

|

Co., Pitteb'g. 664,455 00

I

son, Philadelphia

The bonds were awarded on Dec. 20

{554.360 50

Rudolph Kleybolte

to

421

—

Cincinnati, Obio. Bond Offering. Proposals will be received until 12 M. Jin, 23, 1903, by Cbarles G. Rotb, Clerk
Board of Trustees " Commissioners of Water Works" for
Denomination, $500.
$1,000,000 Z%% water-works bonds.
Date, Feb. 1, 1993. Iaterest semi-annualiy at the American

Exchange National Bank,

Naw York

Maturity Feb. 1,
check for $20,000
payable to the Board of Trustees " Commissioners of Water
Works," required. Bidders must use printed forms furnished
by the above-named Clerk.
Clinton, La. -Bond Offering.— Prooosals will be received
until 3 p. M. Jan. 6, 1903, by C. W. Ball, Mayor, for the
$7,500 5% school bonds mentioned in the Chronicle Dec. 13.
Maturity 20 years, subject to call after 1917. Certified check
City.
Certified

1943, optional after Feb. 1. 1923.

for $200 required.
Cohoes, N. Y.— Bond Sale.—On December 20 the $14,397 14
3%<g public-improvement bonds, described in the Chronicle
Drc. 13, were awarded to Isaac W. Sherrill ot Poughkeepeie,
at par and a premium of $5.
Bond Sale.-Oa December 23 $35,000 8%%
Concord, N. H
school bonds were awarded to Geo. A Fernald
Co., Boston, at 10203. Following are the bids
100*38
Vermilye &Co., New York
Geo. A. Fernald & Co., Boston. 10203
N. W. Harris * Co., New Yortt..l00647 E. H. Rollins & Sons, Boston... 100*125

—

&

:

I

Denison, Prior

& Co.,

Boston. ..100-61

1

Bonds mature $7,000 yearly, beginning 0;t. 1, 1909.
Cranford Township School District, Union County,

Bond Offering.— Proposals will be received until 8
to-day (Dec. 27) by D. H, Hopkins, District Clerk (P.
Date, Jan. 2, 1903.
O. Cranford), for $18,000 4% bonds.
Interest semi-annually at the Union County Trust Co., Elizabeth. Maturity $1,000 yearly on January 1 from 1910 to 1912,
inclusive, and $1,000 yearly on January 2 from 1918 to 1932
inclusive. Certified check for 10% of the amount of bonds
bid for required.
Daupblu County^P. 0. Harrisburg), Pa.— Part of Issue
Sold. - In reply to our inquiries as to the result of the offering on December 6 of the $135,000 3£ bonds described in the
Chronicle November 29, we are advised that up to date a
few of the bonds have been sold to private parties at par.
The County Commissioners expect to float all or nearly all
the bonds in the near future.
Detroit, Minn. Bond Offering.— Proposals will be received
until 8 p. m., January 12, by the Village Council, for $14,000
5% 15-year electric light-plant bonds. Denoniina'ion, $500.
Date, Jan. 12, 1903. Iaterest, semi annual. E, J. Bestick is
Village Recorder.
Douglas County (Wash.) School District No. 45.—Bond
This district some weeks ago sold an issue of $3,000
Sale,
b%% 5-10-year (optional) bonds to Thompson, Tenney
Crawford Co., Chicago, at 100*10.
Co., ChiElli8Tille, Miss.— Bond Safe.— John Nuveen
cago, has purchased at par less $25 commission the $5,000
school-house bonds mentioned in the Chronicle November
N. J.

fol-

Hcdsojj, Wis.. Nov. P.— The County Board this afternoon made a special
order of the court house and asylum bonds. They unanimously adopted the
committee's report, which instructs the Treasurer to pay all interest on getting an indemnity froni the bondholders. It is the desire of the whole board
that all litigation should end forthwith.
See Chronicle May 3, 19o2.

J.

:

THE CHRONICLE.

87, 1902.]

n
Canton,

——

—

:

&Co.
Asbnry Park, N. J.— Bond Election,— Elections will be
held Jan. 12 and 13, 1903, according to reports, to vote on
the question of issning $150,000 bonds to purchase the beach
front and sewers from Mr. James A. Bradley and also $150,000 bonds for improvements on the beach. Interest, §%$.
Maturity, 30 years.
Attica, N. Y.— Bond Sale,— On December 22 $8,000 4%
grade crossing bonds were awarded to Geo. M. Hahn, New
York, at 101-29. Following are the bids
Geo. M. Hahn. New Torn
10129
8. A. Kean, Chicago
10075
I. W. Sherrill.Poughkeepsie.... 101-07
O'Connor & Kahier, New York. 100-65
100-90
W. J. Hayes & Sons. Cleve
Denomination, $1,000. Date, Jan. 1, 1903. Interest, semiannual. Maturity, $1,000 yearly on July 1 from 19 j5 to 1912,

p.

m

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&

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15

and November

8.

Everett, Mass.— Temporary Loan.— This city on Dec. 22
borrowed $40,000 from the Sinking Fund Trustees in anticipation of the collection of taxes. Loan matures June 24.
FernlBank, Ohio.— Bond Sale. On D-c. 2 the $4,761 41 5*
15-year refunding bonds dated Nov. 1, 1902, were awarded to
Seasongood & Mayer, Cincinnati, at 108"17. For description
of bonds see Chronicle, V. 75, p. 1053.
Filchburg, Mass.— Bond Sale.- Oa December 20 the $26,500
1-10-year (serial) school bonds and the $35,000 %%%
1 10-year (serial) street bonds described in the Chronicle
December 20 were awarded to Jose, Parker
Co., Boston,
at 100-08.
inclusive.
Following are the bids :
100*03
Parkinson & Burr, BoBton
Ballard, Wash.— Bonds Autlwrized—The City Council Jose, Parker & Co., Boston
10008
10005^ Lorlng, TolmanA Tupper, Bost.10000
has authorized the issuance of the $20,000 20 year eewer Blake Bros. & Co.. Boston
Ic is stated that $10,000 sewer and $6,500 paving 3%% b%bonds voted at the election held Dec. 2, 1902.
fiayonne, N. J.— Bids Rejected.— The following bids, re- year (average) bonds recently authorized will be taken by
ceived December 23 for $35,000 i%% 20-year gold bonds, were the Sinking Fund Trustees.
Fremont, Ohio.— Bond Offering.— Proposals will be rerejected
F. L. Fuller & Co., Cleveland. $35,437 60 SeasoDgood & Mayer. Cin
186,175 00 ceived until 12 M., Jan. 20, 1903, by the City Clerk, for $5,500
bonds. Authority, Section 2704, Revised Statutes of Ohio.
Date of bonds, Jan. 1, 19l)3. Iaterest, semi annual.
Bajou Carlin Drainage District (P. O. New Iberia), La. Denomination, $500. Date, Jan. 3, 1903. Interest semi-annu—Bond Offering.— Proposals will be received until Jan. 6, ally on April 1 and Oct. 1 at the office of the City Treas1903, by the Board of Commissioners, for $10,000 bonds to be urer. Maturity, $500 each six months from Oct. 1, 1903, to
put out April 1, 1903. These bonds are part of an issue of Oct. 1, 1907, inclusive, and $1,000 on April 1, 1908. Accrued
$36,000 voted at an election held early in November. The interest to be paid by purchaser. Certified check for $200 on
remaining bonds will be issued from time to time during the some bank in Fremont required.
Hamilton, Ont.— Debentures Defeated. This city has voted
year.
against a by law providing for the issuance of $100,000
Berks County (P. O. Reading), Pa.— Temporary Loan
This county has borrowed on certificates $35,000 for one year. debentures.
Harrison County (P. O. Mississippi City), Miss— Bond
Biloxi, Miss.— Bond Offering.—Local reports state that
proposals for the $18,000 5% water-extension bonds men- Offering.— Proposals will be received until 12 M. Jan. 5, 1903
tioned in the Chronicle Nov. 22 will be received until Jan. (•' provided the Supreme Court has by that date passed on
Denomination, $500. Maturity, $500 yearly for the appeal of H. Lienhard vs. Board of Supervisors"), by
15, 1903.
F. S. Hewes, Clerk Board of Supervisors, for $50,000 5%
nineteen years and the remainder in twenty years.
Burlinganie, Kan.— Bond Sale—This city has sold an bonds. Denomination, $500. Interest annually at the Equitable National Bank of the City of New York. Bonds will
issue of $10,000 electric-light bonds.
Bnrlingame (Kan.) School District.— Bonds to be Issued. bear date of issuance. Maturity, $1,000 yearly from 1907 to
—This district is preparing to issue $2,500 additional school- 1926, inclusive, and $30,000 in 1927. Each bid must be achouse bonds, making the total indebtedness of the district companied by a certified check for $1,000. Assessed valuation, $6,000,000.
$8,500.
Interest will probably be fixed at 5*.
Hautington (W. Va.) School District.—Bond Sale.— On
Cando, S. Dak.— Bonds Voted.— This town has voted to
issue $9,000 5£ 20 year gold water bonds. Date of sale not December 19 the $25,000 4% 10-30-year (optional) buildingfund bonds described in the Chronicle Dec. 13 were awardyet determined.
Chillicotbe, Ohio.— Bond Sale.—Oa December 22 the $700 ed to the Board of School Fund, Charleston, at par. Following are the bids
4% 1-15 year (optional) sewer- assessment bonds described
the Chronicle December 6 were awarded to the First Board of School Fund,
Oentson. Prior & Co.. CleYe..|24.525 00
24,50u 00
Charleston.
$26,000 00 S. A. Kean, Chicago
National Bank of Chillicothe at 100'50.
Seasonicood & Mayer, Clnoin. 24,800 OCi W J Hayes A Sons. Clere... 24,500 00
:

8^

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H

—

—

m

I

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.

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.

——

—

THE CH RON IDLE.

1422

Inyo Coanty, Cal. Bonds Not Hold,— We are advised that
county is negotiating with the State of California for

this

the sa*e to the latter at par of $60,000 \% 1-40-year (serial)
refunding county bonds bearing date Sept. 15, 1902. The
report tbat such sale bas already been contummated, we are
advised, is incorrect. Interest will be payable March 15 and

September

15.

City, Tenn.— Bonds Proposed.— This city will
asa the State Legislature for authority to issue $40,000
sewer bonds.
Johnstown, Pa.— Bond Offering.— Proposals will" be rehospital bonds.
ceived until 12 m., Jan. 7, I9i 3, for $10,000
Denomination, $600. Date, Nov. 1, 1902. Interest payable
at office of City Treasurer. Maturity, Nov. 1, 1932, optional

Johnson

H

after Nov. 1,1912.

Kingston, N. Y. Note Sale.— We are advised that this city
recently awarded $1,808 67 4% notes to the Kingston Savings
Bank. Securities mature June 17. 1903.
Kittery, Me.— Bond Offering.— Proposals will be received
until 12 M.. December 31, by M. W. Paul, Town Treasurer,
for $11,000 3%% bonds. Denomination, $500. Interest annually on December 31. Maturity, $500 yearly on December
31 from 1905 to 1926, inclmive.

Lanesboro, Fillmore County, Minn.— Bond Offering.

—

Proposals will be received until 8 P M., Jan 12, 1903. by O.
N. Viste, Village Clerk, for $6,0l)0 5% electric light and

Denomination, $1,000. Interest semi-annu
Maturity, $1,000 yearly, beginning nine
ally in Lanesboro,
years after date. Certified check fcr $250 required.
Bond Offering.
Lewisburg, Marshall County, Teon
Proposals will be received at any time by J. C. Adams,
Mayor, fcr $5,000
10 15-year (optional) coupon electriclight bonds, authorized by a vote of 139 to 13 at an election

water

bonfls.

—

—

H

Interest, annual.

held Dec. 17. 1902.

Lyons, Neb.— Bond Offerirg.— Proposals will be received
until 7:30 p. m Jan. 6, 1903. for $11,000 5£ refunding water

Manilla, Crawford County, Iowa.— Bond Sale.— This town
has awarded an issue of $5,000 Q% 2-11-year (serial) lightiog
bonds to S. A. Kean of Chicago at par.
Munsfleld, Ohio.— Bond Offering. Proposals will be received between the hours of 10 a. m. and 2 p. m Jan. 17,
1903, for $12,000
water bonds. Authority, Sections 2835,
2846 and 2837, Revised Statutes of Ohio.
Denomination,
Date, Jan. 17, 1903. Interest^ semiannual. Matur$1.0(0.
ity, one bond yearly beginning in 1905.
Certified check for
10$ of the amount of bonds bid for, payable to the City Clerk,
required. D. S. Koontz is City Clerk.
Maurice, Iowa. Bond Sale.— We are advised tbat this
town has sold an issue of $1,500 5% 2-5 year (optional) aterworks bonds to the North Western State Bank of Orange
City for $1,485.
Date of bonds, Aug. 1, 1902. Interest,
semi-annual.
Milwaukee, Wis.— Bond Offering.—Proposals will be received until 10 a, M., Jan 5, 1903, by the Commissioners of
the Public Debt, at the office of the City Comptroller, for
Denomination one hundred and
$150,000 3%% bridge bonds.
forty of $1,000 and twenty of $500 each
Date of bonds, July 1, 1902. Interest will be payable semiannually at the office of the City Treasurer or at the Morton
Trnst C»., New York City. Five per cent ot each issue will

—

Demmination,

Date, Jan. 1, 1903. Interest
payable annually. Maturity, 20 years; optional after 5 v* ars.
This issue is the only debt of the village. Assessed valuaThese bonds were
tion, $91, 80C; real value, about $600,OCO.
offered and awarded August 2, but owing to an "oversight"
the sale wan not consurumated.

NEW

$1,0C0

NEW

LOANS.

,

H

>»

mature yearly after date.
Modesto (Cal.) Irrigation

District.— Bond Offering.—
Proposals will be received until 2:30 P. M Jan. 6 1903. by
C. S. Abbott, Secretary Board of Directors (P. O. Modesto),
Denomination, $5)0, Interest Jan. 1
for $135,000 6? bonds
and July 1 at the office of the Treasurer of the district.
Montgomery County, Tenn.— Bonds Proposed.— Citizens
of this county are advocating the issuance of fiom $100,000
to $150,000 highway bonds, and to this end urge that the
State Legislature be asked to grant the necessary au.

thority.

Mount Vernon,

.

bonds.

rvoL. !,XXV

N.

Y.—Bond Sale.— On December

Cleveland, at lOO'lO.

Navasotn, Texas.— Bond Sale —The State Board of Education has purchat eel an issue of $15,000 4$ city-hall bonds.
Securities will run for foTty years.

LOANS.

PROPOSALS FC R DRY-DOCK

S40,000

BONDS.
The Port of Portland, Oregon,

INVESTMENTS.
F. WILD & CO.,

WINONA, MINNESOTA,
Electric-Light Bonds.

Proposals will be received at the office of The
Port of Portland, Koran 686 Worcester Bloc*. Portland. Oregon, until SATURDAY, JANUARY 17TH,
1903, AT 4 O'CLOCK P. M., for the whole or any
part of One Hundred and Hifty Thousand Dollars
of the bonds of The Port of Portland. Oregon, in
denominations ot One Thousand Dollars each, each
to be dated January 1st,. 1803, payable thirty years
from date, and bearing interest at the rate nf four
per cent per annum, payable on the first days of
January and July of each year, principal and interest
payable in United States Gold Coin at the office of
the Treasurer of The Port of Portland, in the City
of Portland, Oregon

The above bonds are issued for the purpose of
acquiring a site for a dry-dock and orepanng said
site for the use of and constructing such dry-dock
and are authorized by Sections 9 and 10 of an Act of
the Legislative Assembly of the Stale of Oregon
filed In the ofli<e of the Secretary of Slate March
1H01, revising
Acts «"stablishiug

1st,

and amending certain former
and incorporating The Port of

Portland.
Bids are invited for all or any portion of such
bonds and bidders will submit an unconditional bid
and accompany the same with a certified check on
some responsible bank in the City of Portland.
Oregon, equal to live per cent of the face value of
the bonds bid tor, payable to the order of the
Treasurer of The Port of Portland, as liquidated
damages iD case the binoer shall withdraw his bid
or shall fail or neglect to take and pay for, at the
office of the Treasurer of said Port of Portland, the
bonds aforesaid, should the same be awarded to him.

Proposals will be received un'

JANUARY

bids

is

The

right to reject any

and

nine

Council reserves the right to accept bid at anytime
before January 2?>th. No bid will be accepted unless
a contract for constructing an electric-light plant
has been first a warde 1. All proposals must be sealed
and have endorsed thereon "Proposal for ElectricLight Bonds."
A deposit of $500 in money or a certified check on
some bank in Winona, 1b required with each bid.
Address,
PAUL KEMP, City Recorder.

Blodget, Merritt

&

Perry, Coffin

&

MUNICIPAL BONDS.
E. C.
121

STANWOOD &

CO.,

BANKERS,
Devonshire Street,

BOSTON.

$25,000
Indianapolis Water Co.
General Mortgage
Price to net
Write or apply

5% Bonds.
\y i.
2

for particular*.

MASON, LEWIS & CO.
BANKERS,
KOMTON.

MUNICIPAL
RAILROAD
CORPORATION

««)

U»»on«ri1r»

«»i.

BONOS.

Ohole* lasses.

Street

60 State Street,

Railway and Oas Companies.
ON APPLICATION.

L.1HT

BOSTON.

MUNICIPAL
AND

Chas.

S.

&

Kidder

Public

BONDS.

E.H.ROLLINS & SONS,

LA SALLE STBEET,

CHICAGO

BOSTON.
San Francisco.

Denver.

INVESTMENT BONDS.

Corporation

Service

Co.,

BONDS,
184

STATE, CITY & RAILROAD BONOS.

Burr,

INVESTMENT BONDS

Co.,

16 Congress Street, Boston.
3« NASSAU STRKET, NEW YOttK.

WE OWN AND OFFER

t1oD*.luocU Hulltilus.

all

BANKERS,

Intl.

CHICAGO.

reserved.

Secretary.

Indianapolis,

O'CLOCK

i

Proposals sh' uld be marked " Proposals for Port
of Portland Bonds" and be addressed to K. T. C.
STEVENS, Clerk. Port of Portland, Port'and, Ore.
Portland. Oregon, December hah, 1902.
By order of the Board of Commissioners of The
Port ol Portland, Oregon.

BEN SELLING.

(9)

BANKERS

5tn, 1903,

light plant.

None of said bonds will be sold for less than their
par value with interest accumulated thereon from
the day of their date to the date of sale. Delivery
of said bonds will be made at the time of the

awarding thereof.

11

J.

by the City Council for
$10,000 Electric-Light Bonds, in denominations of
$l,0oo each, dated March 1st, l\-0<. Interest at the
rate of four (4) per ceut will be payable semi-annually,
Principal will mature: S>,cuO yearly on July lsttrora
1904 to 1907. Inclusive, and $1,000 yearly on July 1st.
from 1908 to 1927, Inclusive; principal and interest
payable at the National Park Bank of New York
ity. Proceeds to be used in constructing an electricP. II.,

22 the

H 6-year redemption

bonds described in the Chronicle D. cember 20 were awarded to W. J. Hayes & Sons,

$4^,000

T. B. POTTER,
MUNICIPAL and RnK n c
D^™^^.
i

SEND FOR

LI3T.

CORPORATION

172 Washington Street,

OENISON, PRIOR & CO CHICAGO,
CLEVELAND.

B08TON.

•

-

•

LIST ON APPLICATION.

ILLS.

——
December

THE OHRONlt'l

27, 1902.]

Neenah, Wis.— Bond Offering.—J. P. Keating, City Clerk,
will receive proposals for thirty days from date of notice
(that is, from Dec. 5) for $20,000 water- works bonds. Danomination, $100. Date, Jan 1, 19 13. Interest (rate to be
named in bids) mast not exceed 5<* and will be payable semiannually at the office of the City Treasurer. Maturity, Jan.
1, 1923.
Loan Voted. —By a vote of 271 to 89 a propNelson, B.
osition to issue $150,000 eiectric-light-extension debentures
carried at an election held Dec 17, 1902.

C—

New Haven, Conn.— Temporary Loan*.— This

city, it is

has borrowed temporarily during the past two
months the sum of $204,000 in anticipation of the collection
of taxes. Loans were made with local banks at i%% in-

stated,

Niagara Falls, Ont.— Debenture Sale.— On Dec. 22 the
$7,400 4% school debentures were awarded to the Bank of
Hamilton for $7,271 98. Following are the bids:
«7,253 50
$7,271 98 G. A. Stimson & Co
Bank of Hamilton
I

7,287 CO
W.C. Brent
Palo Alto, Pa —Bond Sale.— This place has sold $2,300 4%
bonds, $700 to Miss Margaret Walsh, $1,100 to Phil. J.
Whearty and $500 to William A. Walsh. Bonds mature in
1912, but may be called before maturity.
Pentwater Township, Mich.— Bond Sale. On Dec. 19
the $20,000 5£ public improvement bonds described in the
Sons,
Chronicle Dec. 6 were awarded to W. J. Hayes
Clevelar d, at 105-525. Folllowing are the bids
$20,250 00
W. J. Hayes* 8ons, Cleve-.. 121,105 00 Seasongood & Mayer. Cin
R. Kleybolte & Co.. Clncln... 20,-o<> 00 Noble. Moss * Co., Detroit... 20,050 00
|

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Lamprecht Bros.
V.

L

A. Keau, Chicago

20,02500

J.M. Holmes, Chicago

Co.. Cieve.. 20.620 ©0

20.000 00

S.

Fuller* Co., Cleveland. 20,38000

& Co., Cincinnati. 20,812 00
Philadelphia, Pa.— temporary Loan.— On December 19
this city borrowed $500,000 at 4$ from the Fourth Street
National Bank of Philadelphia. Loan will probably be repaid about Feb. 1, 1903.
Philipsbarg, Granite County, Mont.— Bids.— Following
are the bids received Dec. 15 for tbe $20,000 6<* water bonds
described in the Chronicle Nov. 22
Union Bank & Tr. Co., Helena. $20.I«0 T. Weinstein & Co..:PhMpsbg..t20,lE0
W. J. Hayes* Sons, Cleveland. 20,176
As stated last week, the bonds were awarded to the Union
Bank & Trust Co., Helena, at 100*80.
H. E. Well

:

I

:

K

1423

Pittsburgh, Pa. Bond Election.—This city will probably
vote at the coming spring election in February on a proposition to issue $1,292,000 bonds for a sand-nitering plant.
Port Huron, Mich.—Bond Sale.—On December 19 $21,000
it refunding bonds were awarded to Denison, Prior & Co.,
Cleveland, at 100-631. Denomination, $1,000. Date, July 1,
1902. Interest semi-annually at the Hanover National Bank,
New York City. Maturity, July 1, 1922,
Portsmouth, N. H.—Loan Authorized. The Mayor has
been authorized to borrow temporarily $8,000 to pay interest
due Jan. 1, 1903.

—

Township, Kingman

Rochester

—

New

10 year (serial) bridge bonds described in the
13 were awarded to the State Bank of Seneca Falls at par for %% per cents. Following are the bids

$19,800

1

Chboniole Dec.
For

3^ Per

Cents.

Bank

State

of Seneca Fails
For s% Per Cents.

New York
For 4 Per Cents.
M. Hahn, New York

100*00

State of

100-00

Geo.

For 4 Per Cents (Cont.)
101-00
« A. Kean, Chicago
W. J. Hayes & Sons. Oleveland.100-99
I. W. Sherrlll. Poughkeepsie.. .100-87
N. W. Harris & Co., New York. .10057

10V17

.

Shinnston, W. Ya.— Bond Offering.— An issue of $11,800 5%
10-20-year (optional) water-works and street-paving bonds
has been authorized. Denomination, twenty- eight of $100,
$200, four of $50J and three of $1,000 each. Interest annually at the Farmer's Bank of Shinnston. Twenty
of the $100 bonds are now being advertised for sale and proposals for the same will be reoeived until Jan. 15, 1903, by the

twenty of

Mayor and the Town Recorder.
Sloan, Iowa. Bond Sale.— The Sloan State Bank and the
Security Bank of Sloan have purchased $3,900 5£ water
Denominations, seven of $500 and one of $400. Date,
Maturity, $500 on DecInterest, semi-annual.
ember 1 in each of the years 1904, 1906, 1908,,1910, 1912, 1914
and 1916, and $400 Dec. 1, 1917.

bonds
Dec.

1, 1902.

|

Springfield,
$10,000 4%

Ohio.— Bond

III

Salle 8t.

Rudolph Kleybolte

MANILA, SISAL AND JUTE

NEW YORK.

Individuals.

&

Co.,

NEW YORK CITY

FARS0N LEA0H &

CORDAGE.

Mexican Government and State Bonds.

MacDonald, McCoy
0UMICIPAL

k

Co.,

63-65 Wall Street,

Formerly

La Salle

Secretary The Nassau Trust Co. of Brooklyn,
Vice-President Trust Co. of New York.

Street, Chicago.

Drexel Building,

Wall and Broad

BOSTOH.

Municipal Bonds,

Cbicaoo,

Building,

fllltnots.

THE GRAND PRIX

street,

latest oferina.

WICHITA. KANSAS

Mention

this paver.

The cheapest that are good; the

U

"nr.ATnci
X3 VJ 1\
^

best at the price.

AND stock
CERTIFICATES

partly lithographed and partly printed

finished In a few
be seen to he
;

davwj handsome rtefclgn*; must
appreciated, bend tor samples.

-A-Lbert B.
Aelephone

New York.

B.

POWELL &

CO

SECURE BANK VAULTS.
n±n 4WA8DIE AT TH« PABIB UPOimON TO
WHITING'S 8TANDARD PAPERS
They are tbe only American papers which hart
ever received this— the highest honor that can be
oonf erred.
It means they are the most perfect
made. Insist on having them for your One corre,
aondence and yonr office stationery. Are yon mine
whiting's Ledger Papers in your Blank-Books
Samples and booklet free.

WHITING PAPER COMPANY
hoi. yoke, mass.,

King & Co.,

Rngra.f>r<* i.ml Llthogrnphprs,
Connection.)
105 Wlllluni St.,

UlliU-liKADK 3*

WoodntocU. V.rnmm.

MORTGAGES

WINNE & WINNE,
Building,

BONDS.

flAKRY

On Improved Farms
Melting the Investor 6 per cent Interest.

Wlnne

New York.
INVESTMENT BROKERS,
HIGHEST GRADE RAILROAD

Wall Street

Yielding 4M* Net.
Correspondence Invited.

CHOICE OKLAHOMA
Send for booklet and

15

MINNESOTA BONDS,

CHICAGO.
FIRST

York.

VICKERS & PHELPS,

FULTON & CO.,

la salle

New

COMMERCIAL PAPER.
523 Western Union

171

Streets,

NEGOTIATES TIME LOANS,

PHILADELPHIA.

R.

York.

Oscar F. Richardson,

Public Securities,

NEW YORK.

New

AMD CORPORATION

BONDS.

GO.
171

F.

the

The American Mfg. Co.

Broad Exchange Building 25 Broad 8t

Trust Funds,

CHICAGO.

18

CHICAGO.

Trust Companies,

ST..

December

INVESTMENTS.

VESTMENT SECURITIES,

Counselman Buildin* 238 La

Savings Banks,

NASSAU

—On

Geo. D. Cook Company,

SUITABLE FOR

I

Sale.

coupon emergency bonds described in the Chron-

INVESTMENTS.

BONDS

Run. —Bond

County,

Fred W. Caaner Hutchinson, has purchased an issue
Sale.
Denomination, $500.
of $16,000 4%i gold refunding bonds.
York City.
Date, Jan. 1, 1903. Interest payable in
Maturity, Jan. 1, 1933, subject to call one bond yearly. Mr.
Casner is offering these bonds for sale at par.
Seneca Falls, N. Y.— Bond Sale.— On December 22 the

And

150

Duanb Stbeet, New York,

GENUINE

WELDED CHROME STEEL ANDIRON
Hound and Flat Mars and 6-Ply Plates and Angle
FOR 8AFE8, VAULTS. Ac.
Cannot be Sawed, Cut or Drilled, and positively
Burglar Proof.

CHROME

WORKS.
Sts.,
BROOKLYN.

STEEL,

Kent Ave., Keap and Hooper
Bale Man'f'ers In the U.

S.

N. >

—

.

—

,

THE CHRONICLE

1424

[Vol.

LXXV.

icle November 29 were awarded to the Springfi9ld Savings
Society at 102-08. Parkinson & Burr, Boston, oifarel 102 07
Sons, Cleveland, 100-97 for the bands.
and W. J. Hayes
Kent Street
Toledo, Ohio.— Bovd Sale.— The $2,560 03

Webster Groves, ^o.— Bond Sale,— Toe $50,000 4£ 20-year
water bonds dated Oct. 1. 1932, described in the Chronicle
October 18, have been sold at par to Whitaker & Cu. of St.
Louis. These are the bonds offered but not sold on Oct. 20,

No. 1 paving bonds offered but not sold on December 9 have
been disposed of at par to C. Mathes.
Truman, Martin County, Minn. Bond Offering.— Proposals will hereceived^nntil 8 p.m., Jan. 20, 1908, by O N. Steenstrnp, Village Recorder, for $5,800 b% water- works bonds.
Interest semi-annnally oa January 1 and July 1. Maturity,
$800 in five years and $1,000 yearly thereafter. Certified
check for 5% of bid. payable to N. T. True, Prrsident of

1902.

&

H

the Council, required.

—

Harbors, Minn. Bond Sale. We are advised th.-it
the $24,000 5% 20-y-ar water and light improvement bonds
were awarded on December 20 to Rudolph Kleybolte & Co.,
Chicago, at 107-05. Following are the bids

Two

:

B. Kleybolte & Co.. Chic. .*$25.6f>2
MacDonald>; McCoyACo.. Chl*t25,075
Seasoneood & Mayer, Cincln.*25,i>65
H. E. Well & Co., Clucinnati.*24, ;»2
Kane & Co., Minneapolis. *m,5')0
.

,

. .

And accrued

Trowbridge & NiyerCo.. Chi +*24,"07 00
First Nat. Bank, Chicago... *+24.3ni on
-'4,i0i oo
C. H. Coffin, Chicago
W J Hares s. Sons. Cleve...*24 29301
S. A. Kean. Chicago
24.24" "0

00
DO
in
50
00

Lamprecht Bros,

Co.,

Cleve *2i,0/7 00

And blank bonds.
Bonds were described in the Chronicle Dec. 6, p. 1269.
"Warsaw, Iud.— Bond Sale— On December 22 the $33,000 i%
1-10- year (serial) refunding bonds described in the Chronicle December 13 w*-re awarded to E. M. Campbell & Co.,
Indianapolis, at 101 751. Following are the bids:
E. M.Campbell & Co., Ind'lls.$33,578 00 Seasongood & Mayer, Cin....$«a,000 oo
33,000 00
J. F. Wild & Co.. Indian i'lis.. 33,461 00 S. A. Kean 'less H)
*

interest

+

|

|

N. W.Harris & Co.. Chicago

& Trust

Indiana Loan

Warsaw

.

.

33,211 20

i

Denison, Prior

&

Co. (less
83.000 00

*».6)

Co.,

33,11100

1

Waukesha Connty (P. 0. Waukesha), Wis.— Bond Otfrring.— Proposals will be received until 10 A. M., Jan. 15, 1903
(not February 2, as we were at first advised), by D. N.
Hughes, County Clerk, for $30,000 3-65£ county aey:um
bonds. Denomination, $5,000. Date, Feb. 2, 1903. Interest
annually on February 1 in Waukesha. Maturity, Feb, 1, 1923.
Certified check for $150 required. Authority, Section 658,

Laws

Willmar. Minn.— Certificate Sale.— This city has sold at
par to the Kandiyohi Bank $4,950 6% certificates of indebtedness
Date, Nov. 1, 1902. Maturity, Dm. 1, 1003.
Wiwfleld, Kan.— Bond Sale.— O J. December 15 the $15,000
5% 10-2o-\ ear (optional) ga3 and oil bonds described in the

Chronicle December

of 1898.

— An

election will be
held Jan. 6, 1903, to vote on the question of issuing bonds
for paving purposes and for sewers.
Election.

were awarded to John Nuveen

&

0. Decorah), Iowa, —Bond Offerbe received until 3 p. M Jan, 6, 1903,
by the County Treasurer, for $75,000 4% court-house bonds.
Denominations, seventy one of $1,000 each and eight of
$500 each. Date, April 1, 1903. Interest semi-annually at
the effi.'e of the County Treasurer. Maturity, $7,000 on
0:t. 1. 1904, and $3,500 yearly on Oct. 1 from 1905 to 1912,
inclusive.
Bonds will he delivered $20,000 April 1, 1903;
830,000 June 1, 1903; $10,000 October 1, 1903, and $15,000
Januajy 1, 1904,
Accrued interest to be paid by pur-

Winneshiek County (P.

ing—Prop

sals will

,

chasers.

Woodville, Miss.— Bonds Voted.— By a vote of 100 to 4 this
December 15 authorized the issuance of $80,000 electric light and water-works bonds.
Yakima County ( Wash.) School District No.*62.— Bond
Sale. — An issue of $1,000 15 year bonds has been awarded to
the State of Washington at par for 5 psr cents.
Youngstnwn, Ohio— Bond file.— The following bids were
received December 22 for the four issues of bonds deplace on

scribed in the

Chronicle November 29
125,000

Denison. Prior

&

Sidewalk
Bands.
**25,f>e7 50

'o. Cleveland
(

And accrued

:

$«50 Uenry f8"0fl.ij,es $«001no!is
St Grading Are. Vrad. St. Sewer
Bond*.
Bonds.
Bonds.

Lamprecht Bros. Co.
leveland
*25,«5R<>0
8easoneood & Mayer Cincin ati....*Uo, 166 25
Firemen's Pension Fund, Ygstown
*

Waynesburg, Pa.—Bond

6

Co.. of Cbicago, at par.

.

$*7»82

$62070

tfc'27d0

interest.

The sidewalk bonds were awarded to Denison, Prior
and the other three
Youngetown,

issues to the Firemen's Pension

&

Co.
of

Fund

TRUST COMPANIES.

CENTRAL
MANHATTAN TRUST COMPANY
TRUST CO.,

eRBo o*
v o*
TRUST

*"

(06

OFFICESi

]
(

*

CO.

WALL

ST., cor-

NASSAU,

BROADWAY,

Capital, Surplus
*34 FIFTH AVENUE.
10O WEST 1-J3T1! ST.

Ac

INTEREST ALLOWED ON TIME DEPOSITS.
Takes Entire Charge of Real Estate,
Mortgages, etc.

CHARLES

V.

ULl AN M. G KRARD.

B. L.

G. KING, Sec. and Treas.
Ass't Sec. & Ass'l Treas.

ALLEN, Manager Harlem Branch.

DIRECTORS,
Franclx

Annum
VV.

BKN.I.

I.

COHEN,

President.

B. LK"E

PAGET.

Secretary.

CHRONICLE VOLUMES
FOR SALE:
A set of

second-hand bound volumes 1877-1895—
88 volumes— in good order.

Newly-bound volumes for recent years furnlsn*d
at six dollars.

.

Cannon,

< 'it

>.nn

A

1

1

Croas.

Rudulph
iiion

Bills,

T. French,

John Kean,

LAWRENCE

CHARLES T. WEGNER, Asst. Cashier.
MALCOLM McDOWELL, Asst. Secretary.
MAX I'.i.m, General Counsel.

190!4i

JaineN J. II il
Daniel S. 1, anient,

DIRECTORS:

;

.

J. II. Latham,

Oliver H. Payne,
K. I>. Randolph,
Grant B. Schley,

Sheldon,
Vtatcrbury,
R. T. Wilaon.
.lii

rue*

John

DAWES.

President.
Vice-President.
A. UHRLAUB. Vice-President.
O. MURRAY, Sec y A Trnst Officer
WILLIAM R. DAWES. Caahter.

G.

W. IRVING OSBORNE.

ll a

FRANK O.LOWDEN
HARRY ROBEN8,
GRAEME STEWART.
THOMAS R. LYON.

EARLING.
MAX PAM.
CUA8. T. BOYNTON,
CUARLES DEBRING.
P. A. VALENTINE,
A. J.

AJ.K.X.

H.

RKVELL

CHARLES G. DAWES.

I.

BANKING,

The Merchants'
Loan & Trust Company,

OF OREGON.
Transacts a general Trust, Agenoy and Bank
lng business; makes collections, and issues
interest-bearing Certificates of Deposit, at rates
fixed by the terms of the Certificate.

Appleton.
Belmont,
It.

(jeorge F. Baker,

K. J

PORTLAND
TRUST COMPANY

and Trent..

C. II. S!»IIT>>, Secretary.
E. A. SKINNER, AbhI. Secretary.
F. DWHiHT, Trust Officer.

A.J.
The Oldest Trust Company in Oregon."
Incorporated April 22, 1887.

CHARLE3

A .MOST. FRENCH, f
VV. N. BLANK, 3d Vlce-I're*.

II.

"

President.

Vice-Presidents.

T.

$4,000,000
1,000,000

Capital,
Surplus,

OFFICERS)

JOHN 1. WATERBURY,
JOHN KEAN,

BARNEY, President.
FRED'K L. ELDRIDGE, 1st ice-President.
JOSEPH T. BROWN, 2d Vice-President.
WILLIAM B. RANDALL. Trust Officer.
J

CHICAGO.

I'udivided Profits,

$2,500,000.

Legal Depository for State, City and
Court Moneys.

OF ILLINOIS,

NEW YORK.

TRUST

SAVINGS AND
DEPARTMENTS.

Maryland Trust Co.,
N. \V.

Corner

<'u lver«

and Urrman >tr»»t«.

Chicago.
BALTimoKE.
$2,125,000.
CAPITAL, •
CAPITAL AND SURPLUS, S3.S00.00W
$2,437,500.
SURPLUS,GENERAL BANKING.
Depository for Court and Trust Fundi.
A Legal
-

-I

Accounts of Banks, Merchants, Corporation
and Individuals solicited on favorable
terms.
Trusts of all kinds
accepted and executed.

Foreign Exchange.
Savings Department.

High Grade Bondn.
Safe Deposit

HENRY

DIRECT >US:
Marshal! Field.
C. H. McCormlck,
Albert Keep,
Lambert Tree,
Kllas T. Watkins, E \l. Phelps,
M.
Won worth (CnoB M. Barton
.1

.

VauKc

SAFE DEPOSIT BOXES FOR RENT.
Acts as Financial Atciit for Stales, (Titles. Towns
Railroads and other Corporations. Transacts a geu
Lends money on approved
cral trnBt business.
security. Allows Interest on special deposits. Acts
hs Trustee under Mortgages. Assignments and Deeds
of Trust, as A tent for the Transfer or Registration
of Stocks and Bonds, aud for the payment of coupous
Interest and dividends.
J. WILLCOX BROWN, President.
J. BOWDOIN, 1st Vice-President.
LLoYD L. JACKSON. 2d Vice-President.
J. BERNARD SCOTT, Secy. A Treas.
CARROLL VAN NESS. A sst. Secy A Treas.

A. H.Burley.
E. II. Gary,
E. D. Hulbert.
Oipod Smith.

I

.

DIREOlORSi

\\m. A.Marburg. J.WtllcoxBrown. J. A. Tompkins
S. Maudelbauni.
B.N. Baker,
H. J. Bowdoln,
Leopold St rouse, Fred'k W. Wood, John Pleasant*

Andrew D.Jones, J. L Blackwel..
W. B. Brooks Jr., Joshua Levering. Geo. C. Jenkins.
John 8. Wllso«
Uoyd L.Jacksou, James Bond.
J.D.Baker,
J.S. Lemmon.
H. A. Parr,
i

WILLIAM
76K Pine

B.
St.,

DANA

Unlisted Stocks and
CO.,

New York.

Ala* Old Detaalted

RR.

DAVID PFEIFFER.

Bonds

Ksuria.

18

Wall 8<

Henry Walters,

Clayton C. Hall.

O. A.

von

I.lnten,

L. F. Loree.