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p ! 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 * 983^ »94 22% 98*4 '.".1 96 99 101 1)8 2 -6 85 c=4% 693a 2 '•37 0% OS. 27% 28 430 ••10 16 15% 16 6% 84 »126 113 2 *8 % 2 ' l 4 2 4; -75 *3% ' 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% •3% 8% "2% 8>4 '4 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% •4% 4% 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 <)«•! 3" 2% Mario Sep 22 117 57% May 1 \pr2.s 15 U Sep 22 %Sep22 1 2 let I Mar25 4C, 4 .Ian '.'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 ' Aug; r Jan 82% Jan 54% \pr 86 % J'ly 101% May M«> 33 %Oct W Jan Jan 89% el» 1 4 4 i 54 CH &9%Jan M%Oct Sep 33 Aug m;>4 60% Dec L29 ',.9'ntt Nov 2 9 • ° ' Dec 91 ne Apr Apr Feb Jan 31 39 Dec Dee Mario 3% .1.111 50c* Dec 18 53 15 % Jan v a _ 1 Jan Mai 6 Mii> \pr23 Mar 011% Od 43% Vug lv ">' 7 %Jan Ivll .: 13>4 :: 1 21 ', -Mar &J4 -Mar 23 1 %,) 1 I .-,!.. 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 <4 Dec 13% Ja>» 1 '4 Xov 4 Apr 24 1% 510 4 . '.1 21 (i.i ; '., y.i^ .Mail 7 18% Mar : , OCt 6 60 8 3ep I Deo 26 L19 L3 I 1% Jan 7% lire 2% Dec I'.'O ; :> 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 d34 8 . r t:.( 7 it eb i" > \ug Jan Aug 3 20% 72 ict 11, c Dec \pr Jep \pr 125 Dei 1 ,, , 1 2 .1 ly •.' Feu 1 - ISO Dec %Sep New -n.ih p 63 Sep 4 1 11* .1 \|,'r i 1 Anglo 01 - Doc V 1 ,. 16 %Deo | 11 ;o Dee 1 ;| , i "9% Jan 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 <U 1 Mar 8 % j'nel4 1 1.900 1 ,1 p p S< 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!.' o Jan o 622 2 10 21 "' 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 \i mono 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 «* o ^) 869,821 Low 00 140,>-81 . Strict I 0000 eoto 0S^3 33.683 1,563 2,100 9,000 ; • > 1 • e » &J9J • 1 2:1:2:1w it It r > * *T 1 . . I . : ft : » Total. 470 600 800 • : • o<l New LXXV. B S 9. QWOQBJQQjD^CBjggCBaQWSCW^QSOSQRlKQajSaRl^QRB S Litavint at— [Vol. Futures.— Highest, lowest and closing prices at New York, jj ON SHIPBOARD, HOT CLEARED FOR— Dee. 26 — « . I CC 00 too M»0 Cf 10 OOOO 1 CO I 9 I A« i^to 9 a I OR I I CD W I to a 00 9 9 i 1 coco i 9 9 UUUJ op 00 I I I I HIM e w CCcO 0000 Coco OOOO COCO OOOO 9 I CO*. 00 00 00 00 COCO coeo a-.tc I 9 OOOO COCO t, a eo CO Co I 00 CO f* OOOD coco ' 9 OBOO cocc fi- ICO 0000 tsro OOOD 0000 OD 00 0000 ecu ti u &-eo *su ceo 9 uu WlH 9 I 1 »ew 00 op to to uu too ' 19 9 CCCO 19 1 9 9 I OOOD I s b* 9 too 0000 wa> WW <o 00 00 op 00 fi ciw I 9 WW OO 1 9 00 00 op or 0000 a * op op WW WW WW tOO I 9 QDOO uu wco taw WW u u OCOO WW WW coco Vfi- Ccifc »-© i © OOOO OOOO I 9 0000 MOO 9 9 to c» WW uu u to I GOOD COCO tcco coco ' I OOOD CCCO 9 OS 00 ecu w tt.fiI COCO OCOO CC 00 oo WW en -i 19 tKfi- ww CO 19 • 00 00 OBOO C»Oi 9 9 9 9 Or 00 OOOO coco tat" 1 to*- 1 OS 00 00 CO crop CO CO 0000 cico ecu V'fi- d On Op ecu ' +' a I «© ' 00 00 00 CO 9 1 en CO W fi-O 9 9.f -00 Cn ecu ' M I ' 00 00 00 I to 00 00 9 I 0000 I ecu 9 1 WO I 00 00 coco ooce -300 I a 1 00 00 9 I 05 9 1 oo »• It- 00 00 I 9 0000 WW WW Of tr fi- b3 a* ivanoH w» •4 II II 19 19 II II «6 o - ' 0000 HM w 19 |9 - ' 0000 H>tO °° OD H W O ceo 1 1 1 1 1 1 1 eo 1 to I 9 1 1 9 9 1 1 1 The O O 1 "Visible 9 * • i 9 OOOO w 1 9 1 °° I °P 1 1 1 " w H 9 + *» OOOD *>i~ coco 19 19 OOOO 9 OOOD web 9 19 ODQO 0000 I ft top WW WW WW 00 wen >-** ota fi-<j> 1 1 1 1 1 1 i OCOO . 1-1 OS 9 1 °° °° OD WW to + o uu u we> w °? 1 OCOO 1 fi-ta ww u w °° 1 1 00 • wu w ' OO 00 0) °° 1 00 00 w w cow -» 1 CCU e- *~ 19 <1 CO OOOD <ieo ® u 1 1 9 1 09 00 °° to 00 9 00 1 fi- fi- ts 1 06 9 1 °° °? 9 °? *> w w + w OD w w IH *> co to © O O 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 M «-• tO 3-S 8-5-3 1 ftOasi-tO toto to 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© >-" *>• !*• , if* t0030D 8»4 Little J<XO>XCOO- 03*-N>-if»t0Olt0 - . Rock to H" w io to CO >C D0 - — fW W • i-i to_w»* ^ -1 tO i- "-• o<i-'b<©<i'aD<Mtqco •Jo>co"tob'^j »3 05V>ta — -j^ocoo'O'x tooooVjot 1 1 — »>^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 !< to I ' 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 — »£. "to 03 — CO>— WX©M a. 05 ^J CO*© O-J >- ©yxcoo m i».*<co«*-o C 33 *. 030 © 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> |J* 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 COO to i(^ to 15,36rV co * co Ui to S"3 33X03 00 IfttOX to ~aTx> 13,337 11,4-8 22.245 — M 10 CO CO — ^ioD-a Oi 219,172 205,926 525,662 268,361 p to c* CO © to » to V ts»<oco toco M o 1>1 ©to 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 — & & 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^ & I | | H — — m I | . . . —— — 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 | & : 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.