The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
pranrisl ronirlf nnuuiTrt Street Rail way Supplement 6 ciniAnnual]^ State M d City Supplem ent Quotation -Supplem ent (Mommy) In v e sto rs S u p p le m e n t [E n tered aooording to A ot o f C on gress, in the y ea r 1 9 0 2 , b y the W i l l i a m b . D a n a C o m p a n y , In th e offloe o f th e L ib ra ria n o f C o n g re ss.) SATURDAY, FEBRUARY 1, 1902. VOL. 74. C h ro n icle. W eek ending J a n u a ry 2 5 . Clearings a t- 1902. PUBLISHED WEEKLY. Terms of Subscription—Payable in Advance: For One Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....$ 1 0 00 6 00 For Six Months............. European Subscription (Including p o s t a g e ) .... ................. 13 00 7 60 European Subscription S ix M onths (including p o sta g e )....... Annual Subscription in London (including postage)......... . M2 14 s. SlxMoe. do. do. do. . . . . . . ----- A l l i s . Above subscription Includes— T h b Q u o t a t io n S u p p l e m e n t T h e I n v e s t o r s ’ Su p p l e m e n t j s t r e e t R a il w a y Su p p l e m e n t 1 s t a t e a n d Ci t y S u p p l e m e n t Terms oi Advertising—(Per Inch Space.) Boston....... .......... Providence........... Hartford............... New Haven....... . Springfield.............. Worcester........... Portland................ Call Elver.............. Low ell............. . Holyoke......... . Total New Eng... Chicago.................. Transient matter___ _____ $4 20 Three Months (13 times). .$29 00 Cincinnati.............. Detroit................... STANDING BUSINESS OABDS. Six Months (26 “ ).. 50 00 Cleveland.......... Two Months (8 times).. 22 00 Twelve Months (52 “ ).. 87 00 Milwaukee............. Columbus.............. Indianapolis........ Messrs. E d w a b d s A Sm it h , 1 D rap ers’ G ardens, E . O ., w ill ta k e sub Peoria.................... scriptions and advertisem ents, and sn p p ly sin g le copies o f th e paper Toledo................... Grand Rapids......... at I s . eaoh. Dayton ................. Evansville............. W IL L IA M B . D A N A C O M P A N Y , P u b lis h e r s , Youngstown.......... P in e S tre e t, C o rn e r o f P e a r l S tre e t, Springfield, 111...... Lexington............. P ost O f f ic e B o x 9 5 8 . N EW Y O R K . Akron.................... Kalamazoo............. Rockford............... CLEARING HOUSE RETURNS Springfield, Ohio... Canton................... The following table, made up by telegraph, etc., indicates Jacksonville, 111.... Quincy................... London Agents: . that the total bank clearings of all the clearing houses of the United States for the week ending to-day, Feb. 1, have been $2,205,003,465, against $2,214,299,579 last week and $2,181,241,417 the corresponding week last year. Clearing*—Returns by Telegravh. Week Ending F ebruary 1. P. Csnt 1802. 1901. New Y o rk ......................... B oston ............................... P h iladelphia.................... B a ltim ore......................... C hicago............................. St. L ouis............................ New Orleans.................... » 1 , 1 4 5 ,1 6 5 ,7 2 7 1 1 2 .7 0 4 ,0 4 7 7 7 .4 9 1 ,1 4 8 1 5 ,8 7 4 ,9 2 1 1 2 4 ,4 2 2 ,6 0 8 4 1 2 0 4 ,1 8 2 8 ,0 4 7 ,0 0 0 1 1 .1 0 1 ,4 2 2 ,0 3 5 9 0 ,0 5 2 ,1 3 0 7 5 ,1 8 0 ,8 4 8 1 0 .5 2 9 ,1 4 0 108 835 510 8 6 ,3 1 2 ,6 5 5 1 0 ,6 0 2 .5 1 9 -1 -4 + 2 3 -9 + 8 -1 -4 0 + 1 4 -3 +18 0 -1 6 -0 Seven cities, 5 days. Other oltles, 6 days........ I 1 J 5 2 5 .8 3 O .0 2 8 2 5 8 .0 7 8 ,0 0 8 $ 1 ,5 0 3 ,8 3 9 ,2 5 2 2 2 0 ,0 1 4 4 1 1 + 1 5 -9 Total all oltles, 6 days. A ll oltles, 1 d a y .................. 1 1 ,7 8 1 ,0 0 4 ,5 9 1 4 2 3 ,0 9 8 ,8 7 4 * 1 ,7 2 8 ,8 5 3 ,6 0 3 4 5 2 .3 8 7 ,7 5 4 -+ 3 -0 -0 -3 * 2 ,2 0 5 ,0 0 8 ,4 e 6 * 2 ,1 8 1 ,2 4 1 .4 1 7 + 1-1 T ota l all oltles f o r w eek. + 1-1 The full details for the week covered by the above will be given next Saturday. We cannot furnish them to-day, olearings being made up by the clearing houses at noon on Saturday, and hence in the 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 pre vious week, covering the returns for the period ending with Saturday noon, Jan. 25, and the results for the correspond ing week in 1901, 1900 and 1899 are also given. Contrasted with the week of 1900 the total for the whole country shows a gain of 4’8 per cent. Outside of New York the increase over 1901 is 16‘0 per cent. W eek ending J a n u a ry Clearings at— 1902. Wow Y ork ............... Philadelphia......... P ittsbu rg................ B a lt im o r e ........... B u ffa lo .................... W ashington........... . A lb a n y .................... R och ester................ S y racu se........ ........ Scranton................... W ilm ington............. Binghamton............ Chester ................ Breensburg ............. Wheeling W. Va.. Wilkes B a r r e ....... Total M iddle....... 1001 . 1002 . NO. 1910 25. 1000 . 1809. t . Cent. « ( % 41r, 091 276 1,421 272 223 —0-3 072111 858 1,194,429 895 U4/i 28 197 06,148 -0i + 20-0 08 040 647 107,126 018 44 70i 881 89 808 811 + 1 2 3 82,110200 22,608 901 2 1 .88*1 582 20,040 241 + 2-1 38 627.48 ■ 27,220.802 5 642,657 +0'O 6 824 510 4 / 62 92 4 053 045 3 069,28 ' 2 4fl-,791 +24-3 2 072 778 2 ,212,022 8 188 888 2,6'.7,759 + 20-0 2.475.037 2,850,000 2.212 908 1 601 821 +88 2 1,705 970 1,890 457 ) ,887 628 1,047 007 +18-1 0*3 404 1,130,154 1,698, Or 1,201 270 + 22-0 00 7.0 9 1,238 400 928 691 0* 0 462 780 875 078,021 + 1-8 857,000 860 1*0 454 5**0 -21-3 405 800 824 809 885.000 841 088 —5-1 257 008 422 6Hi 201.000 807,410 +87'4 890 000 646 687 Not lnolode d lri tot H i . __ 967 979 Not Iriolride d In tot al. 1 , 6 1 4 , 8 7 8 , 7 8 6 1,690 010 888 4-1 1 1,180 725 050 1,665 607 420 Mansfield................ Tot. Mid. West’n. * 129.516,866 7,078 800 2,567,481 l.B2 S,88( 1.410,977 1,612,685 1,845,27C 081,072 007 342 511,684 431,341 147,490.109 1901. 1902. P . Cent c + 2 ‘2 126 788.426 0.O80.2OC +14-0 +18-7 2,102 888 —22-0 1,974,280 +17-0 l.m o s e 1,242.71< +21-7 1,005,40* +207 + 20-2 816,087 591,581 + 2-1 451,00] +137 +40-1 307,848 142,084,709 +34 150,997,550 180,231,508 19,040,806 19,708 55( 10 692,071 9,908 331 11,888.80t 11 830 221 0.782.196 0,479,451 7 520.50C 0 200 60C 4.717,598 3,070 781 2,001603 8,200 007 2.409 412 1 827 59C 1,703 533 1,410.653 1,437,781 1,188.581 706,184 783 420 530,920 327 327 571 885 498 838 491,048 519 B68 555.400 490 400 487,178 426 358 370,460 287 302 345,842 383 588 308.264 276.910 128.000 127,688 260,283 808.243 332,725 222 532 139,055 158,011 59,000 02 680 108,396 Not Include d 241.089,631 199 051,668 + 22-0 —o-t +07-5 +4't +4-7 +-8 PJ +29-5 +34-2 +85-1 + 20 + +21-C -9-9 +020 1900. 1899. t » 119,074,87? 137,888,019 5 085.30(1 6.127 800 8,803,120 2,677,550 1,078,780 2 024 180 1.602,516 1.801,700 1,175.791 2,180,194 1 ,000 .12 * 1,500 581 821,59< 923,542 474,884 049,515 048 049 400,001 800,787 810,000 134.501,019 150,264,001 120,729,188 15,013,100 8 140,028 10,104 010 0.288.011 4,956.20( 2.926,108 1.747 988 8 010 005 1 240.084 ■1.140,14( 905.851 322.040 893 664 437 04C 869,3UC 297.096 292,750 207,105 210.558 129 522 +14-7 —B-4 +18-3 +14-3 +28-9 +3-0 +33-8 + 1-0 —13-6 280.000 +494 +18-6 +0-9 in tot al. +2P1 178.295,110 180,767,142 13 839 750 0,853,006 8.607.758 5,147.843 4,828 000 2,804,145 1,077,400 1,722.201 1,031,030 920 975 060,752 341,877 373 814 260,692 399,500 839 871 284,907 182,188 178.210 125,000 180,707,644 San Franoisoo...... Salt Lake City....... Portland................ Los Angeles.......... Seattle................... Spokane................. Tacoma.................. H elena................ Fargo.................... Sioux Falls............. Total Padfle....... 20,708 771 8,125,796 2,307,723 4,179 090 2.728,586 1,880,504 1,127.118 643,820 490,782 247,687 86,805.312 18.473 439 2 095.544 1,714 745 2,940.818 1,048 876 941,814 1,117,034 768.990 333,062 804,508 31,185.424 +12-4 4-10-0 +28-8 +4P8 +40-0 +47-8 +0-9 -28-3 +4T1 + 21-0 +13-2 15,847 081 1,971.307 1.051 130 2,148016 1 834 329 978 626 910,890 646,180 275 019 108,200 86,898.800 23.160.028 Kansas City........... Minneapolis........... Omaha ................... 20,194,320 18,577 441 7,175.581 4,898 808 4,814 932 4,901,174 1,006.855 1,487,820 1,476,700 1,395,712 796,801 188.850 1 ,000,000 08 608,000 15.854 822 +27-4 1* 8 ,100 038 +83-8 0,280 409 +14-1 4 336,6-8 + 11-0 4.012 931 4-20-0 8,042 006 +84*0 1,328,689 + 20-0 718,677 + 108-6 984 230 +5P0 1,149,097 4-21-4 500 943 +60-1 118.840 -t-88’9 1 260 648 - 2 0 0 50,400 952 +28-0 12,538777 8 408,714 B5l0 8*18 4 810,377 4,31 3,905 2,837 271 1,290,958 573,819 1,005.842 040 626 492,4*4 185,100 ....... 43 004,081 10,892,740 9.080,016 7,035,104 4 440 001 2.761,664 2,208.177 ■ 1,540 024 607,569 880,003 607 509 480,070 115,129 ....... 41,181,718 Denver................... Bt. Joseph.............. Des Moines............. Davenport-........... Sioux City.............. Topeka.............. Wichita .............. . Fremont........... . Colorado Springs... Tot. other West.. St. Louis................ New Orleans......... Louisville.............. Galveston.......... Houston................. Savannah.............. Richmond.............. Memphis................ Atlanta................. Nashville............... Norfolk........... . Knoxville........... Fort Worth., Birmingham...... . Little R o o k . . . . . . . . . . . . . . Chattanooga.......... Jacksonville........ . Beaumont.............. Total Southern... Total all............. Outside N . Y o r k . . CANADA— Montreal................ Toronto................. Winnipeg.......... . Halifax.................. Hamilton............... St. John................. Victoria................. Vancouver.......... .. One boa.................. Ottawa......... ......... Total Canada....... 37.7P4.885 13,140 610 9.120 286 8,337.000 4,079 080 0 000,000 5,680.070 4,000.000 4 488 920 8,803 007 3 447,455 8 320 007 2,776 730 2,849 034 1,407 67* 1,071 737 1,399.000 1.362 557 1,718,917 1,215 581 716,241 0*0,984 1,027.708 1,732.772 i.ae4,558 925.000 771.000 724 *100 952 805 654 10 ? 400.188 518,457 374 623 270 070 3*15,490 Not Include d 110,632,805 93 688 087 2 214.899,670 2118 510 012 794,205,303 089.244,880 49.774 135 15 897,584 9,675 158 4,140,000 18,401,928 2,940 681 1,450,020 1,454,188 1,230,049 1,017,004 707.325 459,087 813 840 120 000 +31-7 31.517,078 29 350.410 + 21-0 11 079 820 12,010 15H -t-00'2 7,563,079 9.742,362 +248 4 231 500 3.500,800 + 28-8 8.418 070 4,403.737 - 20-0 8,804,707 4,842 577 -15-2 8,120 498 3,439 439 +3-0 2,337 429 2 009 272 - 2-6 2,082,132 1,911 90*1 1 ,220,002 +189 1,240 011 +2-7 1,230.055 1.400,904 +41-0 1,018.549 1,420,850 +17-1 510,104 031483 - 0-1 941,480 1,020 242 +80-7 046 270 620 727 +0-5 588,000 852 000 +71-8 831 267 460 618 + 2 T-0 807,438 358 738 *•35 7 220,755 276 853 In tot al. + 18-1 76,301,585 82 008 474 +4'8 1 609 500 548 2,142,182,008 + 10-0 027,454 085 047.752.128 16,806 442 15.200 859 + 1 0 1 18 448 918 18,541 885 10 1*0 244 +889 8,430 153 2,080 447 1,W H'*,59M +58-0 1,053 033 1 710 408 1 505 150 + 9-3 1,241938 816,588 083 297 +19 5 780 310 703.344 041,210 +9 7 640 595 587.098 070 820 -20 9 575 721 840 050 093 207 +81 8 015.105 1 ,102,112 Not include d In tot al. 1,802,728 Not Include dIn tot at87 892,850 81 521 807 +-20-2 27,648 708 18,019110 9,081 711 1.042,095 1,076,727 080 510 574 296 570 855 508 198 82,219,01.0 2 BO THE CHRONICLE. THE FIN AN C IAL SITU ATION Argument was heard by the Supreme Court at Washington on Monday of this week In the matter of the application of the State of Minnesota for leave to file a bill for an injunction against the Northern Securi ties Company. The prayer was for an order forbid ding the transfer of the stock of the Great Northern and Northern Pacific railroads to the Securities Com pany, the reason urged being that by that act, if car ried out, the management of the two competitive com panies would be unified. It came out on the argu ment, In answer to a question put by Justice Brown, that in no sense did the Securities Company intend to operate the roads; that it was a mere investment cor poration. With that fact admitted as a part of the case, it would seem that the only grievance Minnesota can claim ia that the ownership of the shares of these two companies formerly vested in several persons would thereby become vested in one holder; and yet no Minnesota or New Jersey law forbids such a con centration of ownership. To make a law of that kind effective it would have to declare that any transfer of stock of any two competing roads to a single individ ual or company after that individual or company had acquired one-half of the stock of each would be void, because any shares over a majority would give him or it control. We disclosed the weakness of this conten tion last November (C hronicle, page 1080, Nov. 28 1901), when the agitation by the Governor of Minne sota first began. After the conclusion of the argu ments the Court took the application under advise ment. What is believed to be an important agreement affecting the stability of railroad rates is said to have been executed Tuesday. It was the result of confer ences held in Chicago and St. Louis and has been signed by all the leading provision and packing houses and by the Western railroad presidents. It provides that the rates which are actually made shall be pub lished from time to time, and that no railroad com pany shall upon any pretense grant concessions to shippers. The packing houses also bind themselves to accept the published rates and cease their efforts to secure reduced rates from Missouri River points not only to the Atlantic Coast but also to the Gulf. Acting under this agreement, the presidents of the lines west of Chicago have designated certain representatives to constitute a standing committee, which is to meet weekly. What is to be done at these meetings is not stated. We assume the committee’s duties will consist in discovering any weak brother who is cutting rates or paying rebates and report him to the Inter-State Commerce Commission, which body confesses to a lack of power or a lack of skill to get evi dence of any wrong-doing. As the individual roads have each for itself announced that they will make 'only open published rates, the Western Trunk Line Committee has issued a through tariff embodying the cut rates which have for months been in operation and which are said to be about 10 per cent less than the published tariffs on packing-house products and dressed meats from Kansas City. Another event of favorable influence has been the publication of the first annual report of the United States Steel Corporation to its stockholders, which was mailed to them in pamphlet form Wednesday [Y ol . LXXIV. night, and will be submitted February 17, the date of the first annual meeting. It is called a preliminary report because it is not for a full year— only for the nine months of the company's existence, and hence is not, the stockholder is told, as complete as future re ports will be. We have written at considerable length with reference to this document in a subsequent article, but we wish to call attention here to a single feature that ought to be an example for every in dustrial company in the land, since if followed it would prove a profit. What we wish to emphasize is the impression a reading of the report will, we be lieve, have upon every unprejudiced mind; which ia that the United States Steel. Corporation has nothing to conceal. Each stockholder obviously is tola everything the management knows about the investor's property. Not even the officers can know it all as yet. The company has only existed nine months, and during that period has had to encounter the natural difficulties incident to the orderly group ing of so many kinds of industries, besides other un usually embarrassing hindrances. When another twelve months of work has been completed and the operations of the industries combined in the organi zation have become better adjusted, there will be less friction and the earning power of the machine cap be more accurately tested. This open, honest way o f treating the public, together with the policy adopted as to the prices charged for the company's products, must tend to put the securities of the United States Corporation in a far safer class for investment than those of so many other industrial companies which peg prices and adopt a more secretive policy. The Wall Street market has shown a little more life this week ; partly no doubt this has been due to re ports by cable of great activity in the Loudon Stock Exchange growing out of a belief that peace between Great Britain and the Boers was near at hand. A statement made by Mr. Balfour in the House of Com mons that Holland had made proposals for peace and that they were under consideration by the British Cabinet was the cause for the excited market on the London Exchange; it soon subsided, the public be coming convinced that the words of the Government leader in the House did not warrant hopes of peace. The same incident also gave an impulse to the late trading on Wall Street on Tuesday and also Wednes day morning. But aside from that, evidently a better tone has prevailed here, though the dis position continues among the larger holders of stocks not to encourage speculative movements, and among investors not to purchase except the better properties, and in a moderate way. Bonds are in good demand; all the recent offerings, and they have been numerous and large, have quickly found a market. Current developments also as a rule keep of a character to strengthen confidence in the future of affairs. Among these we may mention the leading events we have re ferred to in the foregoing paragraphs, each of which has contributed in a measure to increase that ten dency. The snowstorm, likewise, that this week has visited all parts of the winter-wheat section has en couraged a better hope for that crop, which recent reports had indicated was in some peril from lack of snow covering. On the other hand, no doubt the fact that Congress is in session and that from week to week the reports change as to its probable attitude on important in February 1, 1902.] THE CHRONICLE dustrial questions, and that so many legislatures have also come together since the first of January, each being a possible oenter of new laws detrimental to business, makes investors wary in the matter of purchasing securities before they know the legal con ditions that are to prevail affecting largo interests. Among all such matters pending in Congress, prob ably the most threatening and consequently most of a deterrent to^enterprise is the application of the Inter State Commerce Commission for more power, especial ly for authority to name and establish railroad rates. Another week we shall endeavor to discuss more fully some of the provisions of the law that Commission has prepared and caused to be introduced. If en acted we believe it would prove to be a great mischiefmaker, even with the best of intentions on the part of the officials acting under it. Of a very different char acter is the determination of the Ways and Means Committee of the House to lessen the Government revenue by cutting off all the war internal revenue taxes. We have remarked upon that action on a subsequent page; it is in every way to be commended. The Delaware & Hudson has issued a preliminary income statement for the late calendar year, which bears out fully the general belief that the company had experienced a very prosperous period. Conditions in this term of twelve months were of course highly favorable. In the general range of industries contin ued activity prevailed, while as concerns the anthra cite trade, upon the condition of which the Delaware & Hudson is so largely dependent, the situation could hardly have been better. The demand for coal was large and urgent, the strike the previous year having practically exhausted stocks, while the more effective control exercised over the trade through the change in the ownership of the Central of New Jersey and the Pennsylvania Coal Company was an important influence in the regulation and maintenance of prices. The result was that all the anthracite companies, be sides having a large tonnage, had the further advan tage of good prices. In the combination of the two elements the year 1901 was the best experienced in the anthracite trade in a long period of time. We expressed the opinion last week, in an article reviewing the anthracite statistics for the year, that the average price realized on the sales of 1901 must have been 30 to 40 cents a ton higher than the aver age for 1900. Of course this was not by any means all clear profit. Thus it is estimated that the rise in wages agreed upon after the strike in 1900 added about 13 cents a ton to the cost of mining coal. On the whole, however, the final net result was a consid erable improvement. This is well shown in the case of the present income statement of the Delaware & Hudson Company. From that statement it appears that the company’ s surplus above fixed charges for the twelve months of 1901 was $4,604,075, against only $3,187,392 for the twelve months of 1900. Applying this to the amount of the company’s outstanding stock, it will be seen that over 13 per cent was earned for the shares. It will be remembered 1 that at the directors’ meeting a short time ago it was I determined not to increase the dividend beyond the amount now paid, namely 7 per cent. After provid ing for dividends on this basis a balance of coneiderL ably over two million dollars remains— in exact figures, $2,178,001. Out of this $1,233,369 has been appropri ated for additions, betterments and new equipment, 231 and even then a surplus balance of $944,632 is left over. ______ There was no change in the official rates of discount by any of the European banks this week. Open mar ket rates at the chief centres were easy, and discounts at Berlin were lower than those at any other point. One important feature of the week was the announce ment in the English House of Commons on Tuesday by Mr. Balfour that the Government of Holland had made proposals for peace between England and the Boers in South Africa, which proposals were under consideration by the British Cabinet. The text of the communication was withheld until a copy of the doc ument and of the English Government’ s reply to it could be presented to the House. On Wednesday the Prime Minister of the Netherlands confirmed the statement of Mr. Balfour, but he did not disclose the contents of the Dutch note. Unofficially it was stated that the Netherlands Government intimated that it would facilitate in every way possible a settlement between the belligerents. From other sources it was ascer tained that the Boer leaders have intimated, through the Dutch Premier, their willingness to abandon their claim to independence as a sine [qua n on to any peace negotiations, but that they would accept an im mediate and generous amnesty for all combatants in the war in place of their independence claim. On the day following the announcement by Mr. Balfour the London and Continental markets for securities, and especially Kaffirs, became active and buoyant, influ enced by the conviction that peace was at hand; and the tone of the London market was generally strong for the remainder of the week. The statement of the New Y ork Associated Banks last week was quite favorable, showing an increase of $9,007,100 in cash, of which $8,725,900 consisted of specie. Loans were expanded by $2,413,500 and de posits showed an increase of $10,944,600. The sur plus reserve rose $6,270,950, to $25,332,400. Pay ments by the Sub-Treasury for unmatured bonds have been small this week, amounting to $359,028 52, making $3,694,881 41 for the month of January. Money on call, representing bankers’ balances, has been easy this week, loaning at the Stock Exchange at 3 per cent and at 2 per cent, and averaging about 2 f per cent. On Monday loans were at 3 per cent and at 2$ per cent, with the bulk of the business at 2 f per cent. On Tuesday transactions were at 3 per cent and at 2 per cent, with the maj ority at 2| per cent. On Wednesday, on Thursday and on Friday loans were at 2£ per cent and at 2 per cent, with the bulk of the business at 2£ per cent. Banks and trust com panies quote 2| per cent as the minimum. Time con tracts are freely offered at 3£ per cent for sixty to ninety days on first-class dividend-paying rail road stocks, and some business is reported at 3 f per cent on the same grade of collateral for six months. On good mixed Stock Exchange security the rate is 4 per cent for the short and 4| per cent for the longer period, and 4£@5 per cent is quoted on good industrial securities for sixty days to six months; the demand for time loans is improving. There is an increased supply of commercial paper and inquiry is general, many interior banks being among the pur chasers. BateB are 4 per cent for sixty to ninety- day en dorsed bills receivable, 4@4£ per cent for prime, and 5@ 6% per cent for good four to six months’ single names. THE CHRONICLE. 282 [V ol , L X X IY , The Bank of England minimum rate of discount The following gives the week's movements of money remains unchanged at per cent. The oable reports to and from the Interior by the New York banks. discounts of sixty to niaety-day bank bills in London Hsssivsd by BMpvsd by N*t Interior W ssk E n d in i J anuary 31,1803. per cent. The open-market rate at Paris is 2£@ 1V. V. flank*. N. T . Banks. Movsmsnt. la rren n r................. . ..... ................. *7,790.000 2§- per oent, and at Berlin and Frankfort it is *3,372.000 Cain. *4,858,000 j o i n ................................... 948,000 644.000 Cain. 806,000 per cent. According to our special cable from Lon ♦8,079,000 T otal g old and legal ten d er*.. . . . *4,010,000 Gain. *4.068,000 don the Bank of England gained £067,934 bullion Besuit with Sub-Treasury operations : during the week and held £36,616,777 at the close of the week. Our correspondent further advises us that Int* Out of N st Chang* in Wesk Ending January 31,1902. Banks. Bank*. Bank Holdings. the gain was due to the import of £6,000 from Aus Bank* Interior m ovem ent, tux above *8,679,000 *4,010.000 Gain. *4,608.000 tralia, to the receipt of £667,000 net from the interior 3ttb-Tre»Jury ripera.tions 18,900 000 Gain. 1,000,000 19,000,000 of Great Britain and to exports of £5,000 to Peru. T ota l gold and legal tender*....... *28,579,000 *22,910,000 Gain. *6,008,000 The foreign exohange market has again been quite dull this week, with fluctuations within a very narrow range. The supply of bankers'’ bills has been small, and at the same time there was a light demand for re mittance, thus accounting for the duiness. Borrow ing on exchange is checked by the ease in money at this centre and bankers report that some of those foreign loans which have matured during the week have been paid off. The tone of the market was generally heavy throughout the week, though on Wednesday and Thursday there was some inquiry for short sterling for Saturday s mail and a few trans actions were noticed in bills to be delivered next week. While francs have been firm, marks have fallen off in response to higher rates for sterling at Berlin on Lon don, indicating remittance to the British capital. Commercial drafts are in light supply and they com mand full rates. The Assay Office paid $815,072 09 for domestic bullion. Gold received at the Custom House during the week $21,076. Nominal rates for exchange are 4 85 for sixty day and 4 88 for sight. Bates for actual business on Sat urday of last week were unchanged for long and for short compared with those on Friday, at 4 84§@ 4 84i for the former and 4 87@4 87-J for the latter; cables were one-eighth of a cent higher, at 4 87i@ 4 87f. On Monday the tone was a shade firmer, at 4 84£@4 84-J for long, 4 87@4 87i for short and 4 87-J-@4 87f for cables; but on the following day the market was easier, at 4 84|@4 84f for long. 4 87@4 87| for short and 4 87i@ 4 8 ?f for cables. On Wednesday, though rates were unchanged at the close, sight was quoted during the day at 4 86f@ 4 87, with some little busi ness at 4*8690. On Thursday long and cables were unaltered, while short was firmer at 4 87@4 87i The tone was firm on Friday. The following shows daily posted rates for exchange by some of the leading drawers. MON.. Fb i „ T u n s., WkD., T h tjb ., F BI., Jan 24, Jan. 87. Jan. 28. Jan. 29. Jan. 80. Jan. 31. 180 day*. B row n B r o s ..... i S ight.... ( SO day*. Baring, M agonn <S Co.. 1 Sight.,.. (SO day*. Bank BritU h N o. A m e r ica ,.. 1 Sight.... ) 60 day*. Bank o f M on trea l......... X B ig h t-.. Canadian Bank 5 80 day*. o f C om m erce.. S ig h t.... H eldelbaoh, Xck- <60 day*. elh eim er A Co. } S ig h t.... <60 days. L aiard F r e re * ... 1 Sight,... M erchant*’ Bk, {6 0 day*. Canada....... Sight.... X of X 4 SB 4 88 4 85 488 4 85 4 88 4 85 4 88 4 85 4 88 4 85 4 88 485 4 88 4 86 4 88 ~ 85 88 86 88 85 88 66 88 86 88 86 68 86 88 86 88 i5 85 88 88 85 85 88 86 88 88 86 88 85 86 88 86 88 86 88 85 88 65 85 88 85 65 88 88 88 88 86 88 85 85 85 88 85 88 88 88 85 85 65 88 88 85 88 88 85 88 65 88 88 86 88 65 88 88 65 88 85 88 85 86 The market closed at 4 84f@ 4 84£ for long, 4 871 @ Com mercial on banks 4 84@4 841 and documents for pay ment 4 83|@4 84f. Cotton for payment 4 83i@ 4 831, cotton for acceptance 4 84@4 841 and grain for payment 4 841@4 841. 4 871 for short and 4 87f @ 4 87f for cables. The following table indicates the amount of bullion in the principal European banks. January 80. 1903. January 31,1901. flank # / a n g la n d ...... r ranee............ G erm any....... I n u l a ........ .. A.n*.-Hnng’ y. S p a in . . . . . . . , . Ita ly ............... Sutherland*.. Slat Belg’m .. Gold. SUvtr. Total. Gold. Bilvsr. Total. Jt 86,010,777 98.842.923 33.541.000 70 912,000 47.071.000 14.032.000 15.883.000 5,732,800 8,183,838 A A 80,010,777 142.308,878 60,820 000 77 425,000 68 ,0 10 ,0 0 0 81.609.000 17.970.000 12.098.000 4,700.000 1 A 32.008.278 04 167,824 28 2 0 2 000 78.278.000 88.400.000 14.001.000 16.584.000 5.028.000 2.914.000 48.810,452 14.530.000 0,348,000 10.186.000 10,603,000 1.848.000 5.075.000 1.467.000 A 82,008,278 187,908,270 48.821.000 79.020.000 48.655.000 30.604.000 17.412.000 10.703.000 4,371,000 48,905,955 17.279.000 0,613,000 11.639.000 17 687,000 2,093,000 0.860 300 1,660.067 fot-th l* week 825,204,888 106860628 432,124,855 304,208,102 100409452 404,677,854 Tot.. D r e v . w ’k 319.245.010 104001983 ♦24.U0,94« 301 98S 631 100208101 402.191.092 PROPOSED REPEAL OF THE WAR TAXES.\ The adoption on Thursday by the House Ways and Means Committee of the resolution to repeal the last of the so-called “ war taxes ” probably marks the end of a highly Interesting chapter in the history of pub lic finance. It is possible, of course, that the com mittee's recommendations will be in some measure altered or modified in Congress, but that the general features of the proposed measure will he enacted into law, there is little doubt. It is, in fact, quite within the facts to say that a radical measure of reduction was forced on Congress. The business community, at any rate, has had enough of the annoyance of a surplus revenue whose withdrawals of blocks of money from the market was repeatedly deranging the situation. That phase of the present state of things had be come flatly intolerable. There were only four ways out of it: Continued buying-in of Government bonds at a premium— a plan whose practical working had such disadvantages as to make its permanency out of the question; increase ad libitum of Government bank deposits, which, under present conditions, was open to equally grave objections; wholesale and sud den increase in public expenditure, which was tried with deplorable results in 1889; and, finally, reduc tion in the revenue. Aside from the fact that revenue reduction was the only one of these various expedients which was not discredited by experience, it was the only logical re course under the circumstances of the case. The surplus revenue whose withdrawal from the markets has been making trouble was imposed for the pur poses of the Spanish war. The taxes which pro duced it were as clearly a measure of military necessity as was last year's British export tax on coal or the import tax on sugar. The war was ended three years or more ago, and with it the special fiscal needs which it created. To spend the proceeds of these taxes lavishly to-day, simply because the money was at hand, or to heap it up in bank without any present or prospective use for it, would be, to say the least, unusual treatment of the eitfiin who pays the taxes. F ebruary 1, 1902.] THE CHRONICLE 233 Use of the surplus in redemption of the war loan of revenue of aome $68,000,000. Since the surplus reve 1898, of which some $97,000,000 is still outstanding, nue in the fiscal year 1901 was about $77,000,000, it has a more valid excuse ; but unfortunately the plan is plain that, granting unchanged results to Customs of hasty debt redemption is both costly in itself and receipts and total expenditure, the Treasury would awkward in its effects on the bond-secured bank-note no longer worry the money market. As a matter of fact, however, neither of these two circulation. Reduction in the revenue was the only factors will remain unchanged. We have already expedient remaining. The fact that the proposed reduction will remove pointed out the $7,000,000 increase in Customs rev the last of the special war taxes (with the exception enue and the $30,900,000 decrease in disbursements of a small tax on mixed flour) is what lends particu during the past six months. The cut in internal lar interest to the plan. The special taxes of 1898, revenue, therefore, may properly be based on very dealing almost entirely with the internal schedules, different figures from those of last year's Treasury undertook to add $100,000,000 to annual revenue. report; and as a matter of fact even Mr. Gage's They accomplished exactly this result; but, in the official forecasts of last December reckoned for meantime, another result, which could not have been the fiscal year 1902 a surplus of $100,000,000. predicted, had taken place. Import of dutiable mer The Secretary last December advised that the chandise during the fiscal year ending with June $50,000,000 sinking fund appropriation be first 1899 increased $72,000,000, and receipts from Cus taken into reckoning, and on that baBiB recommended toms rose with them $56,000,000. Even this huge a revenue reduction much smaller that this week's double increase was far from meeting the deficien Congressional proposition. Mr. Gage advised remis cies of war; an increase of $128,000,000 in the year's sion in general of the war taxes, but would have ex War Department outlay, with larger expenses in all cepted from such remission the tax on fermented other branches of Government, left a deficit of $89,- liquors, tobacco, tea and mixed flour. The House 000,000 in the year's finances, which had to be made Committee has swept all but one of these excepted taxes under the general provision. Their $68,000,000 good by loans. But with the sudden ending of the war, and with a revenue reduction compares with a $27,500,000 cut drop of nearly a hundred million dollars in annual proposed by the Secretary. military expenses, the tables were very quickly turned. But Mr. Gage was careful to describe his own propo The surplus revenue rose to $79,500,000 in the .fiscal sition for revenue reduction as merely “ a first step in year 1900, and remained at $76,000,000 in 1899. The that direction." His caution was inspired, plainly first year's surplus was in the main disposed of by the enough, by his own estimates for the fiscal year 1903. payment of cash premiums on the refunding of the For this he figured out, on the basis of estimated ap public debt. When this was done, and the surplus propriations, public expenditure $100,000,000 greater again began to press upon the markets, Congress took than in the present fiscal year, which he judged would the revenue in hand. Its move was somewhat tenta leave, with the revenue laws unchanged, a surplus of tive; but on the advice of Secretary Gage, internal only $23,172,000. There would obviously be no room taxes were remitted in large enough amounts to cut in this for such a cut as the House committee has in down the revenue, it was estimated, $40,000,000. This, mind, especially if the sinking fund were to be kept it was reckoned, could be spared from the yearly surplus. good. The very od d result of this experiment will be remem These figures must be carefully kept in mind in bered. The Ways and Means Committee, reporting its weighing the propositions of the House. The revenue plan last Thursday, called attention to the fact that in and the revenue surplus are large enough to warrant the six completed months of the fiscal year internal reve the cut of the Ways and Means Committee. But if so nue had been reduced in the sum of $20,063,000, or in large a revenue reduction is approved by law, the plan full proportion to last year's estimate. But while internal of a hundred-million increase in the next fiscal year's receipts had fallen in this amount, imports of dutiable expenditure must be abandoned. The two operations merchandise had increased during the period some oannot go regether; that was tried once—in 1890— $15,000,000, with a resultant expansion of $7,000,000 and with resulta which are not pleasant to remember. in the Customs. Reduction in total revenue, in the But Congress has learned some lessons since that year. half-year ending December 31, was much less than For ourselves, we rather incline to think that a heavy the estimate. Nor was this all. Along with this dis cut in revenue will do useful service, for the very appointing movement to restrict the revenue, public reason that, once enacted, it will provide conclusive expenses, instead of holding even at last year's level, argument against a wholesale raid upon the Treasury. began to fall with great rapidity. The War Depart ment's bills, with a rapidly contracting charge from TH E UNITED S T A T E S S T E E L R E PO R T. the Philippines, dropped $25,000,000 in the same six The appearance of the first annual report of the months, the fall in the period's total expenditure being $30,900,000. That is to say, instead of a cut in United States Steel Corporation is in its way as im surplus revenue amounting to one-half the year's esti portant as the creation and organization of the com mated $40,000,000, the surplus for the last six months pany itself. In the clear and full manner in which of 1901, by the Treasury's recent figures, actually information is imparted and the frankness with which exceeded that of the same half-year in 1900 by $23,- policies are outlined the report sets a standard in cor poration reporting to which other industrial concerns, 000,000. This is the explanation of the Ways and Means we are confident, will be obliged to conform if they Committee's bill of January 30, which proposes that, would command the favor of either investors or the on July 1 of this year, and in the case of tea on the general public. In that sense, therefore, the exist first of the ensuing January, all the remaining war ence of the Steel Corporation will be an agency for taxes with one trifling exception be annulled, and good, just as the wise administration of the company's which estimates a resultant total reduction in the commercial affairs sinoe it came into being has proved 234 THE CHRONICLE. a widely pervading beneficial influence, not alone in the iron and steel trades bat throaghoat the whole business world. It is interesting to note that in thus famishing very comprehensive information the same coarse is being pursued as has always characterized the management of the railroad companies with which Mr. J. P. Mor gan’s name has been connected. Mr. Morgan’s ad vent as the dominant force in one of these railroads has always been signalized by the giving out of better and more frequent reports than before; invariably monthly returns have appeared, and usually also weekly returns. This rule has evidently been part of a plan to deal frankly and openly with security holders and the public. As far as the case of the Steel Corporation is concerned, industrial companies obviously stand on a Bomewhat different footing from railroad companies. It has hence often been seriously urged that the mak ing on their part of periodic returns was out of the question and that even the annual reports would have to be limited to a few meagre, colorless facts. The Steel Corporation by its action has demonstrated that both contentions are fallacies. While others were debating whether the thing could be done, Mr. Morgan determined it must be done. The Steel Corporation began on October 1 last by publishing a statement covering the first six months of its existence and fol lowed in January of the present year by the publica tion of a statement for the nine months to December 31. Now we have the company’s pamphlet report comprehending these nine months. This pamphlet is termed a “ preliminary ” report because it covers only a portion of a year, and because the first annual meeting of the shareholders having been fixed in the original by-laws for February 171902 the time intervening before that meeting is too short to admit of the presentation of a complete report. Hereafter the annual meetings will be in April and the annual report will cover the preceding calendar year, allowing sufficient time in which to prepare it. There is one feature of the report which is decidedly unique in documents of this kind. Instead of ex cuses for withholding information, which are common among industrial companies, here is a report which in effect expresses regret, because (owing to the brief period of the company’ s existence) not more can be given. After adverting to the reasons why the statement covers only nine months and noting that this was a period too brief to satisfactorily organize and systematize the business, the remark is added that “ necessarily it lacks the fullness and definiteness of information which it is hoped will characterize future annual reports.” We think, too, the manage ment are to be commended for making the fiscal year of the company correspond with the calendar year. The railroads are one after another changing their fiscal years to end June 30, as that is the year of the National and the State Railroad Commissions. In the case of the industrial companies 1no such cause exists for adopting that period of twelve months, and the selection of any other period (such as the twelve months ending March 31) would have been awkward, and for many reasons objectionable. In all commercial pursuits accounts are closed December 31, and the United States Steel Corporation is simply an exceed ingly large commercial undertaking. The directors of the Steel Corporation have done well to recognize that the business year is the calendar year, and to conform their arrangements thereto. [V ol. LXXIV. As to the character of the results disclosed, there are a number of very striking features. At the out set one is struck with the Corporation’s great finan cial strength as revealed by the balance sheet. This balance sheet is for November 30, the datevof the re port (January 10) having rendered it impracticable to bring the figures down to December 31. It is proper to say, too, that it 1b a consolidated balance sheet; that is, the constituent companies are treated as if they were one, all aocounts between them being for the sake of simplicity omitted. For all practical purposes there has been a complete consolidation, as 99J per cent of the stocks of the constituent compa nies has been exchanged for the securities of the Steel Corporation. What this means is perhaps better in dicated by saying that, while the balance sheet shows 1,018 millions of Steel Corporation common and pre ferred stock and 303 million of bonds issued, making 1,321 millions together, representing securities of the constituent companies which have been turned over for exchange, only about three-quarters of a million of the original stocks are reported outstanding unexchanged. We think such marvelous unanimity has no parallel in voluntary amalgamations of this kind, for it is to be remembered that the holders were under no com pulsion to send in their old stocks, there being no penalty for non-compliance. Tho result is remark able testimony to the universal confidence felt in Mr. Morgan and his plans and purposes—a con fidence which events have shown to be fully justified. In alluding, however, to the company’s financial strength,we had In mind more particularly the extent of its available resources. As the operations of the Corporation are of such great magnitude one is pre pared for a large total of current liabilities. These current liabilities (pay-rolls, bills payable, etc.,) ag gregated on November 30, according to the balance sheet, over fifty million dollars— $50,269,630. But on the other side of the account what do we find ? Cur rent assets more than four times this sum, or $206,261,771. Of this latter sum no less than $55,315,528 consisted of actual cash in bank and $48,090,917 more consisted of bills and accounts receivable, making $103,406,445 together, besides which the inventories (materials, goods, etc.,) amounted to $95,603,998, and there were $7,251,329 of securities, etc. Evi dently, therefore, the Corporation is on an exceed ingly strong financial footing. It is worth noting, too, that the balance sheet reports the combined sur plus of the Steel Corporation and its constituent com panies at the enormous sum of $174,344,229, repre senting the amount by which assets exceed stocks, bonds and other liabilities. We presume this reflects the surplus earnings which the various properties have accumulated at one time or another during their existence. We may add that the amount given is en tirely independent of the further large sum of $21,236,040 set aside for sinking funds and as reserves for depreciation of plant, etc., and to meet needs for im provements and renewals. Reference should perhaps also be made to the fact that according to the report the business of the various companies has beeu put on practically a cash basis. The information is given that about 70 per cent of the total ourrent mouthly accounts due from customers is now being generally collected within thirty days, and that it is the effort of the several managements to maintain tho businesses on a strictly cash basis. February 1, 1902.] THE CHRONICLE 235 The Income statement for the nine months is of like dition, and that the many collateral advantages to be enoouraging character. In this case the figuros are gained in the long run by refusing to advance prioes the same as those made pnblic on the 7th of January, would be of substantial and lasting value not only to the results for December being estimated. After the companies but alBO to the general business inter charging to operating expenses, month by month, all ests of tho country.” The report correctly urges that “ the strong position current renewals and ordinary repairs for maintenance of plants, the net earnings amounted to only a trifle thus takon by the companies for stability in prices, less than eighty five million dollars— $84,779,298. Out both of raw material and finished products, has had a of this sum 12 million dollars ($11,958,994) was ap reassuring effect on the trade, and has contributed propriated for sinking and reserve funds, 11^ million greatly toward restoring confidence in the genera] dollars ($11,400,000) went to meet interest on bonds, business situation and creating the present large 42 million dollars ($42,005,807) was applied to divi demand for steel products by dispelling any dends, and over and above all this there remained a doubt as to prices in the future.” This is an abso If any one clear balance of $19,414,497, available for additions to lutely true view of the situation. surplus, new construction, &c. Stated in anothef way, needs any enlightenment on that point let him the company had 85 million dollars of net earnings, out view the havoc recently created in the copper trade of which bond interest and dividends (at the rate of 7 by the pursuit of the exactly opposite course—abso per cent on the preferred stock and 4 per cent on the lute demoralization having prevailed there for many common stock) took 53| million, leaving 31| million months, with buyers and sellers alike paralyzed and dollars,which has either already been set aside for debt depressed, a condition all the more marked by con reduction,depreciation, improvements and additions,or trast with the buoyancy and confidence prevailing in remains available for such purposes. This, too, is the re all other lines of business. The iron and steel indus sult at the outset of the Corporation's existence, before try is the most important of all our great industries, all the economies of management contemplated have yet and gloom and depression in it would mean general been carried into effect. Much has already been ac trade prostration. Business interests have reason to complished in that direction, but still more is confi congratulate themselves therefore that no such ruin dently counted upon. How increasing efficiency is ous methods obtained sway there as dominated the being obtained in the manufacturing branches of the copper trade—that a sound judgment and a firm will business is well indicated by the following quotation: guided the affairs of the Steel Corporation along the “ By frequent interchange of views and full in true course. The report confirms current newspaper formation as to the results in the several companies,each statements that the Corporation's outlook for the cur is enabled to reap the advantage of any new economy rent calendar year is exceedingly bright, and that practiced or discovered by any of the others, so, that everything indicates that all of the facilities of the each company has the advantage of the combined ex various subsidiary companies will be taxed to the ut perience of all. Methods of accounting are being most—that, indeed, the heavier products, like rails, made uniform as rapidly as possible, so that com billets, plates and structural material are sold up to parisons may readily be made. In this way the best the productive capacity of the mills until near the result attained by any of the companies is taken as the end of the year, while in the case of the more highly standard, and the other companies endeavor to con finished products the indications are of an even heavier demand than in 1901. form thereto." It will perhaps be urged that the nine months em braced by the report cover a period of unusual trade OUR M ARVELOUS P IG -IR O N PRODUCTION activity and of very satisfactory prices. This is true, AND CONSUMPTION. but it should at the same time be remembered that as The statistics of pig-iron production for the late far as prices are concerned, while the figures obtained calendar year, which Mr. James M, Swank of the have been goad, they have not been unduly high. American Iron & Steel Association has this week— And this brings under review the Steel Corporation's with his usual promptness— made public, reveal re whole policy in the matter of prices. It will be re sults which cannot be termed anything less than membered that when the company was organized we marvelous. They show an increase of fully 2,000,000 stated that its success would depend altogether upon gross tons over the output of either of the two pre whether the attempt would be to hold values at an vious years, which up to that time had stood as the artificial level or whether by effecting economies of very largest in the country's history. Briefly, the production and manufacture the aim would be to make of iron in the United States in 1901 was 15,earn fair profits at very moderate values, thereby com 878,354 gross tons, against 13,789,242 tons in 1900, manding the markets of the world. For ourselves we 13,620,703 tons in 1899, 11,773,934 tons in 1898, never had any doubt which of these policies would be 9,652,680 tons in 1897 and 8,623,127 tons in 1896. chosen. Nor was the general public left long in doubt It will thus be seen that our make of iron for the either. Daring the steel strike, as has been many twelve-months was but little less than 16,000,000 times noted in these columns, the Steel Corporation gross tons. At that figure this country's product can consistently and persistently refused to advance prices, not have fallen much short of the combined output of though the demand was such that almost any figure Great Britain and Germany, the two other large could have been exacted. The same attitude has been iron-producing countries of the world. The undeviatingly maintained since then. In adverting make of iron in Germany last year was last week to the subject the report states the motives actuating reported by cable as having been a little over 7| the management in this particular as follows: “ The million metric tons, which comparos with 8,520,390 companies have firmly maintained the position of not tons produced in the same country in 1900. For advancing prices, believing that the existing prices the United Kingdom no figures for 1901 are yet were sufficient to yield a fair return on capital and available, but here also some decline in output must maintain the properties in satisfactory physical con have occurred in 1901 from the total for 1900, whioh 236 THE CHRONICLE [V ol. LXXIV. activity and prosperity of the iron and steel industry than do these figures. It is a quite remarkable fact that with production so far in excess of the largest previous total the con tribution on the part of the Southern StateB (treating them as a whole) shows no increase whatever as com pared with the year preceding, hut rather a slight de PRODUCTION OS' PIG IKON IN HALF-YEARLY PERIODS. G ross Torn. Gross Tons, crease. Alabama did enlarge its total a little, pro 1895— let hall........ 4,087,558 1 8 8 8 — l e t h a l l .... . ....3 ,0 2 0 ,0 9 2 2d half.................. 5,358,750 ducing 1,225,212 tons in 1901, against 1,184,337 tons 2d half.............. ...3,469,646 let half......._....................4,976,236 1889— 1st half.......... „3,661,fiQ3 1896— 2d hair ................ 3,646,891 in 1900, and Maryland also added slightly to its pro 2d half.......... .........3,942,039 1st hail. . . . . . . . . . . . 4,403,476 1890— 1st h a lf....... 4,500,513 1897— 2d half........ 5,249,204 duct. 2d h a il...., .......4 ,6 4 2 ,1 9 0 But every other Southern State made less iron 1st hall........5,869,703 1891— 1st h a lf.......... ,.3,368,107 1898— 2d hall................... 5,904,231 In 1901 than in the year preceding. 2d hall................... 4,911,763 The aggre 1899— 1st ha ll................ 6,289,167 1893—1st half................. 4,769,683 !2d hall................. 7,331,536 gate output of all the Southern States in 1901 2d h a l l ............... 4,387,317 1st hall.....7,642,569 1893— let halt. . . . . . . . . . . 4,562,918 1900— 2d half.............. 6,146,673 2d h a l l ...... . . ...2,561.584 was 2,578,864 tons, against 2,604,671 tons in 1900. 1901— 1st hall.... .,7,674,613 1894— 1st hall........... ..................... , .2,717,983 2d h a l l . . . . . . . . . . 8,203,741 Ohio .alone made three-quarters of a million tons 2d hall................... 3,939,405 With production far in excess of the best previous more iron than did the whole South, namely it made year, unsold stocks of iron were at the same time 3,326,425 tons, which compares with only 2,470,911 largely reduced. Mr. Swank reports the amount of tons in 1900. Pennsylvania maintains its marked these unsold stocks which were in the hands of manu predominance, having added roughly one million tons facturers or under their control (and which were not to its output of the previous year, and at 7,343,257 intended for their own consumption) at the close of tons produced almost three times as much pig metal 1901 as only 70,647 tons. The American Pig Iron as the entire South. Illinois also keeps increasing its Storage Warrant Company had in its yards at output, though in a less striking way. Its make in the same date no more than 3,000 gross tons 1901 was 1,596,850 tons, against 1,363,383 tons in 1900, of pig iron. Altogether, therefore, there were 1,442,012 tons in 1899 and 1,365,898 tons in 1898. only 73,647 tons of pig iron on the market at the The comparatively slow growth of the Southern close of 1901. A t the corresponding time in 1900 the States in this particular is not in accord with the pre aggregate of these unsold stocks was 446,020 tons. dictions made a dozen or more years ago, when it was As against this decrease in stocks in 1901 there had argued that on account of the advantages possessed been in 1900 an increase in stocks. If allowance be by the leading districts in that part of the country— made for these changes the difference in favor of by reason of the fact that the ore, the fuel and the 1901 becomes hence still more striking; that is, if flax are found in close proximity— the continued su comparison be on the basis of consumption the in premacy of the Northern iron and steel centres, and crease in 1901 over 1900 is even larger than the in more particularly those in Pennsylvania, seemed crease in production as between the two years. The likely to be seriously threatened. The reason for calculations made on this basis in the table which the relatively small progress in the South is doubt follows show that the consumption of home pig iron less found in the fact that the South must find a mar in 1901 was 16,250,727 tons, as against 13,411,531 tons ket outside of its own borders for the bulk of its prod in 1900— the increase being almost 2£ million tons. uct, while the Northern iron-producing districts do W e add a line at the end of the table to indicate the not have to seek such a market, but are able to con imports of iron and steel in all its forms. These im vert the iron into steel and other finished products, in ports in recent years have not been very^important, which form it finds ultimate consumption. Southern but there was a time when they were of very large iron makers are now undertaking to get over this dif ficulty by erecting steel works, and possibly the future magnitude. IR O N P R O D U C T IO N , STO C K S, IM P O R T S , & C. may have a somewhat different story to tell. We show below the product of the different States for the last 1897. 1896. Tons o f 2,240Pounds 1901. 1900. j 1899. 1898. 446,020 . 68,309! 415,333 874,978 847,686 506,132 seven years. Stock o f pig Jan. 1... . was 8,959,691 tons. It would seem therefore that the total make in the two countries in 1901 could not have been more than 16^ million tons at the outside and may have been very much less than that, as against the 15,878,354 tons of iron made in the United States during the same period of 12 months, Product’n dur’g year 15,878,354 13789242 13,620,703 11,773,934 9,652,680 8,623,127 T otal supply......... 16,324,374 13857551 14,036,086 12,648,912 10,500,366 0,129,239 68,308 415,333 874,978 847,686 73,647 446,020 Stock end o f year... C’nsump.of bom e pig 16,850,727 13411531 13,967,72? 12,233 579 9,025,388 8,281.573 144,385 157,834 265,500 Imp’ts o f iron & steel +218,621 209,955: 172,774 Tot.consump. & exp. 16,469,348 136214*6 114,140,501 13,377,964 9.783,222 8,547,073 + Partly estimated. . With the imports included it will be seen that the amount of iron and steel which went into consump tion, either in the United States or was exported, was 16,469,348 tons in 1901, against 13,621,486 tons in 1900. Our exports in 1901 were on a much smaller scale than either in 1900 or 1899. Of course in the case o f some articles the weights are not of much import ance, and hence are not returned in the OustoxnhouBe statistics; taking those where the weights are given— that is the bulky forms of iron and steel—it appears that these exports of iron and steel fo r 1901 were only 700,818 tons, against 1,154,270 tons in 1900 and 942,659 tons in 1899. Deducting the exports, it would seem that the net domestic con sumption of iron and steel was 15,768,530 tons in 1901, as against 12,467,216 tons in 1900 and 13,197,842 tons in 1899. Nothing could indicate more strikingly the P R O D U C T IO N OP P IG IR O N B Y STATES. Tons of 2,240 Pounds. 1901. 1900. 1899. 1898. Tons. Tons. Tons. So. States Tons. Alabama...... 1,225,212 1,184,337 1,083,905 1,033,676 365,491 2*3,274 490,61? Virginia. .. .. 448,662 346,189 263,439 862,190 Tennessee.... 337,139 187,858 192,699 166,168 W . Virginia.. 166,597 119,010 100.724 68,462 Kentucky__ 71,562 | 13,762 Georgia........ | 27,333 17,835 28,981 N. Carolina.. 803,186 234,477 190,974 290,073 Maryland— 5,178 5,803 2,273 10,150 Texas........... 1897. 1806. 1895. Tons. 947,831 307,610 272,139 132,907 35,899 17,092 Tons. 922,170 386,277 248,338 108,569 70,060 15,598 2,151 79,472 1,221 2ons. 854,667 346,589 248,129 141.96S 63,780 81,084 828 10,916 4,682 193,702 6,175 Total......... 2,578,864 2,604,671 2,360,554 2,083,726 1,918,346 1,834,451 1,702,088 Pennsylv’nia 7,343,257 6,865,935 6,558,878 5,537,882 4,681,684 4,024,166 4,701,163 Ohio............. 3,326,425 2,470,911 2,378,812 1,986,358 1,872,889 1,196,S26 1,468,789 292,827 264,346 228,011 213,304 206,075 181,703 New York ... 283,662 59,1631 55,503 95,696 New Jersey., 155,746 170,262 127,598 100,6*1 Illinois......... 1,696,850 1,863,383 1,442,012 1,865,898 1,117,239 925,339 1,000,091 134,443 147,610 133,578 149,511 | 91,223 168,712 M ichigan__ 170,762 W isconsin... 207,551 +184,794 +203,175 172,781 108,909 158,484 | 148,400 13,548 87,518 38,888 Missouri...... 203,409 *159,204 *138,880 * 141,010 18,202 67,104 68,888 12,605 9,90? 13,513 A 11 others ... 11,828 Grand total 15878351 13,789,242 13,620,708 11773031 9,652,080 8,633,13? [si,416,808 One feature in connection with the year's large production and consumption of iron should not es cape attention, for it is in one sense really the most striking characteristic of that period. AYe refer to the fact that with the demand larger and more urgent THE CHRONICLE, F ebruary 1, 1903.] than ever before in the country's history, prices were kept within moderate limits. In the case of every one of the leading articles of iron and steel the aver age of prices for 1901 is lower than the average for 1900, and in most cases It Is very much lower. For this result, preventing that extreme upward movement in values which on so many previous occasions has proved disastrous to the iron and steel industry, the policy of the United States Steel Corporation is largely responsible. In the early part of the previous year, as will perhaps be remembered, prices had risen to very high figures, but then a decline set in which continued almost to the close of 1900. The beginning of 1901, therefore, found prices at a fairly low level. The business career of the United States Steel Corporation may be said to date from the first of April. Before the organization of this com pany the destructive competition threatened by the rivalry of the different separate companies which are now embraced in its control acted somewhat to de moralize the iron and steel trades, so that some in tending buyers were induced to withhold their orders. With the possibility of disturbance from that source removed, the demand, already large, became more active than before; and if the Steel Corporation had not firmly resisted the rising tendency, prices would undoubtedly have quickly recovered to the extraordinarily high figures ruling at the beginning of 1900. But the managers of that concern made it a cardinal point in their policy to keep prices at a level only high enough to leave a fair margin of profit, and their action, of course, dominated the trade. The result is that prices at the close of 1901, while ruling above the low figures prevailing at the close of 1900, did not on the whole show any very great advances. The price of steel rails was raised from $26 a ton to $28 in May, but early in 1900 the price had been $35, and the average of rails for the whole year 1901 is only $27 33, against $32 29, the average for 1900. Bessemer pig iron at Pitts burg averaged $16 37 in December 1901, against $13 75 in December 1900, but in February 1900 the price had been $25 a ton. Steel billets at Pittsburg were $34 50 in January 1900, $19 75 in December 1900 and $27 50 in December 1901. Below we show the yearly aver ages of prices on leading articles of iron and steel for the last eight years. A V E R A G E Y E A R L Y P R IC K S O F IR O N A N D S T E E L , Articles— 1001. 1900. $ $ Old Iron T rails at Phila.. tO D . 19 B2 19 51 No. lanth.fdy.pig at Phil. “ 15 87 19 98 Oray forge pig Iron atPhil. “ 14 08 10 49 Gray forge pig Iron, Lake ore, at Pittsburg.............“ 14 20 16 00 Bessem’r pig Iron at Pitts. “ 15 91 19 49 Steel rails at mills In P a .. “ 27 33 32 29 St’lbllletsatm lllsatPltts. “ 21 13 25 00 Best refined bar Iron from store at PlUla..............100 lbs. 184 1 90 Best re’d bar Iron at Pitts. “ 18 0 2 15 1894 1809. 1898. 1897. $ $ 20 38 19 36 16 60 ? 12 39 1166 10 23 TO 1901. 1896. 1895. 1891. $ $ $ 1219 14 1614 09 1210 12 951310 10 481109 1149 237 mates of imports, consumption, etc., for the full sea son ending Oct. 1, 1902, and actual results for earlier years. The actual figures of spinners' takings, con sumption and stocks in Great Britain and on the Conti nent for 1901, in bales of 600 lbs., have been as follows. SPINNERS’ TAKINGS, CONSUMPTION AND STOCKS IN 1901. at. Britain. Continent. In 80046. Bales. Total. Stocks January 1 1901...................... Takings...................................... .......... 238,000 3,212,000 260,000 4,770,000 498,000 7,982,000 Supply.................................................. Consumption....................................... 3,450,000 3,297,000 5,030,000 4,576,000 8,480,000 7,873,000 Stooks January 1 1902...................... 153,000 454,000 607,000 Weekly consumption......................... 63,404 88,000 151,404 The above estimate of Mr. Ellison indicates that the mills of Great Britain consumed an average of 63,404 bales of 600 lbs. each per week during 1901, a gain of 981 bales per week compared with 1900. Con tinental consumption shows an increase over 1900, but the loss from 1899 and 1898 is quite large. Surplus stocks at all European mills at the end of the year are placed at 607,000 bales, or 109,000 bales more than they stood at the opening. The foregoing compilation presents the results for 1901 only; to bring out clearly the relation the 1900 figures bear to those for previous years, we have prepared the following, which covers the period from 1894 to 1901, both years included. Bales o f 500 Lbs. Spin’rs’ Stock Takings. Jan. 1. Spin’rs’ Weekly Con Supply. sumption. Stock ConBee. 31. sumpt’n G t. B r ita in . 1901................. 1900................ 1899..*............ 1898................. 1897................. 1896................. 1895................. 1894............... 238.000 172,000 199,000 97,000 111,000 133,000 100,000 69,000 3,212,000 3,312,000 3.479,000 3,573,000 3,236,000 3,268,000 3,296,000 3,258,000 3,450,000 3,484,000 3,678,000 3,670,000 3,347,000 3,400,000 3,396,000 3,327,000 3,297,000 3,246,000 3,506,000 3,471,000 3,250,000 3,289,000 3,264,000 3,227,000 153,000 238,000 172,000 199,000 97,000 111,000 132,000 100,000 63,404 62,423 67,423 66,750 62,500 63,250 62,750 62,058 C o n tin en t. 1901................. 1900................. 1899................. 1898................. 1897................ 1896................ 1895................. 1894................. 260,000 459,000 469,000 252,000 298,000 379,000 491,000 245,000 4,770,000 4,338,000 4,774,000 4,897,000 4,387,000 4,118,000 4,030,000 4,125,000 5,030,000 4,797,000 5,243,000 5,149,000 4,685,000 4,497,000 4,521,000 4,370,000 4,576,000 4,537,000 4,784,000 4,680,000 4,433,000 4,199,000 4,142,000 3,879,000 454,000 260,000 459,000 469,000 252,000 298,000 379,000 491,000 88,000 87,250 92,000 90,000 85,250 80,750 79,654 74,596 A ll E u ro p e . 1901................. 1 9 0 0 .......... . 1899................. 1898................. 1897................. 1896.......... . 1895................. 1894................. 498,000 631,000 668,000 349,000 409,000 511,000 591,000 314,000 7,982,000 7,650,000 8,253,000 8,470,000 7,623,000 7,386,000 7,326,000 7,383,000 a,480,000 8,281,000 8,921,000 8,819,000 8,032,000 7,897,000 7,917,000 7.697,000 7,873.000 7,783,000 8,290,000 8,151,000 7,683,000 7,488,000 7,406,000 7,106,000 607,000 151,404 4S 8,000 149,673 631,000 159,423 668,000 156,750 349,000 147,750 409,000 144,000 511,000 142,404 591,000 136,654 1195 Reports from time to time daring the yeat have in 12 68 10 73 in a financial way the mills of Great dicated that 10 72 9 18 9 03 10 39 10 94 975 Britain were not dolDg well, but the returns now at 19 03 10 33 10 13 12 14 12 72 11 38 hand denote that results have been quite satisfactory. 28 12 17 62 18 75 28 00 24 83 24 00 3112 15 31 15 08 18 83 1848 10 58 From the data we have— covering the years since 1883 — we learn that 1901 has given a greater margin of profit 2 07 1 28 1 81 1 40 1 44 1 84 1 95 1 07 11 0 1 21 126 1 20 than was obtained in any years except 1899 and 1890. Our cable states that 88 companies in the Oldham dis GOT TON S U P P L Y A N D CONSUMPTION IN trict report an aggregate profit of £323,331 in 1901, or an average of £3,674 per mill, against £3,415 per EUROPE. mill in 1900, £4,406 per mill in 1899 and £3,307 in By freely using the cable, we are able to present 1898. The showing made by the Oldham mills since to-day all the results of interest contained in Mr. 1883 has been as follows. Ellison's “ Annual Preview of the Cotton Trade for ComP r o file or P rofit or Loss panies. Loss.— per Mill. the Year 1901," which was issued in Liverpool on Years— 88 +£323,331 £ + 3 .674 1901....................... ................... Tuesday of the current week. The figures received 1900............................................... 86 +292,861 +3,415 78 +343,699 +4,406 cover not only the usual statistics of supply and con 1 8 9 9 ............................................. 1898........................................... 70 +231,518 +3,307 sumption for the calendar year 1901 and the firBt three 1897............................................... 79 +147,724 +1,857 92 +46,772 +50B> months of the new crop season, but also detailed esti 1896............................................... 238 THE uo m O'ia its. 95 93 93 90 93 C H R O N IC L E . Profit+ or Loss. — Pro fit or Loss per Mill +63,320 -15,837 —72,768 —101,434 + 10,763 +376,041 +220,587 + 250,932 + 85,810 —61,718 -2,730 +125,000 +667 —177 —782 [V O L . L XX IV . in ordmary bales is as follows, comparison being made with revised results for 1900 01. aud 1899-1900, IM P O H U S A N D D K U V E B J B 8 O C T O B E R 1 T O B iiD T K M B E R 3 0 . LsUmated. L901-02. Actual. 1900-01. Actual. 1899-00. 5,630,000 301.000 758.000 288.000 American. . . . ............................Bales.6,525,000 6,394,000 750,000 867,000 + 116 East Indian............. 780,000 644,000 + 4,170 Egyptian _______ Sundries........................... ................... 250,000 151,000 +2,565 Total............. ...................... „........ 8,305,000 8,046,000 6,977,000 85 + 2,952 American. 303,000 195,000 957,000 laa 88 +975 Port stocks in Europe Jf E. Indian. 56,' 00 38,000 52.000 I 860 ......., ..... —686 Sept. 30 1001...............i Egyptian. 34,0 >0 30.000 30.000 87 1885.......... . — 31 { Sundries.. 35,000 17,000 36.000 .1884.......... 60 + 3.083 Total stock Sept. 30 1901............ 428,000 280,000 1,075,000 Total supply 12 months ending We him aiat received separately by cable the fig Oct. 1 1902..............................!8,733,000 8,326,000 8.052.000 f American,....6,324,000 6,276,000 6.392.000 urea of takings, consumption, &c., for the last three 315.000 Deliveries for theyear^ vonri Indian. 750,000 846.000 ueuvenes ror tne Egyptian___ 780,000 639,000 months of the calendar year 1901. Those three 758.000 [Sundries....... 250,000 135,000 307.000 — 1 ,1 2 7 months are the first quarter of the current season, Total deliveries to Sept. 30.1902.8,104,000 7,898,000 7,772,000 begin!dng with October 1 1901, and form the basis Leaving stocks at ports Sept. 30 1902 629,000 428,000 280,000 for Mr. Ellison’s estimates for the whole year (ending With regard to consumption, Mr. Ellison estimates with October 1 1902), which are given farther below. that the present weekly rate will be continued to the For those three months spinners’ takings in actual close of the season (Sept. 30 1902), making the con bales and pounds have been as follows. sumption for the whole year 168,000 bales of 500 lbs. each in excess of 1900 01. His estimate for 1901-02 Continent, Great Britain Total. Oct. 1 to Jan. 1, compares as follows with the actual results for 1900-01 F o r 1901. and 1899-1900. 925,000 1,279,000 2,204,000 Takings by spinners..-bales 507 468,975,000 501 503 5 >1901-02. 640,779,000 1,109,754,000 Deliveries, actual bales.................8,10+000 Deliveries, 500-lb. b a les.............. 8,000,000 F or 1900. Mill stocks Oot.l,beginning of year 366,000 1,093,000 964,000 Takings by spinners...bales 2,057,000 511 494 Average weight of bales.lbs 501*8 Total supply................. 8,366,000 Taking® in pounds.............. 492,430,000 639,774,000 1,032,204,000 Consumption, 52 weeks.............. 8,000,000 Mill stocks Sept.30,end of year 366,000 According to the above, the average weight of the Average weight of bales.lbs deliveries in Q-reat Britain is 507 pounds per bale this season, against 501 pounds during the same time last season. The Continental deliveries average 503 pounds, against 494 pounds last year, and for the whole of Europe the deliveries average 503 5 pounds per bale, against 501‘8 pounds last season. The compari son for the three months ending December 31 1901 with the same months of last year is made more strik ing by bringing together the results up to this time for the two years. Get. 1 to Jan. 1. Bales o f 500 lbs. each, 000* omitted. 1901. 1900. Great Britain Conti nent. Total. Great Britain Spinners’ stock Oct, 1 Takings to Jan. 1...... 49, 938, 317, 1,281, 366, 2,219, 47, 985 Supply..---- -— ..... OoBsumpt’n, 13 weeks 987, 334 1,598 1,144, 2,585 1,978, 1,032 794 Spinners’ stock Jan. l 153 454, 607, 238 Yota ■ 324 1,080 371 2,065, 1,404, 2,436 1,144, 1,938, 260, 498, Weekly Consumption 000* omitted. In O ctober......... *60, 88, *50, 138, 148, 88, 154, In November...... 154, 66, 88, €6, 88, 154. In December -...... 66, 154. 66. 88. 88, * The average weekly rate of consumption in Great Britain in each year is as given by Mr. Ellison, after allowing for stoppage of spindles in consequence of short supply of cotton. 1899-00. 7,772,000 7,827,000 371,000 7,693,000 588,000 8.198.000 7.832.000 8,281,000 7,910,000 366,000 371,000 ITE M S A B O U T B A N K S . B A N K E R S AN D T R U S T C O ’8. —The auction sales of bank stocks this week aggregate 803 shares. No sales have been made at the Stock Exchange. The transactions in trust company stocks reach a total of 363 shares. Twenty shares of stock of the Mercantile National Bank were sold at 3 0 0 ^ , representing an advance of 46 points since Sept., 1901, the date of the last previous sale. Thirty shares of Gallatin National Bank stock were sold at 457, comparing with 4313^ two weeks ago. No sales of bank or trust company stocks have been reported in the “ curb” market. th a r es. Conti nent. 1900-01. 7,898,000 B a n k s — N ew Y o r k . 5 America,Bank of.................... 250 American Exchange Hat. Bk.. 5 Bowery Bank............ . 16 Central National Bank. ......... 25 Citizens’ Bank, National........ 75FCommerce, Nat. Bank of........ 5 Corn Exchange Bank............. 30 Gallatin National Bank........ 49 Import. & Traders’ Nat. Bank. 15 Market & Fulton Nat. Bank.. 40 Mechanics’ National Bank__ 20 Mercantile National Bank__ 40 Merchants’ National Bank__ 55 New York. N. B. A., Bank of.. 40 Oriental Bank............ .......... 101 Park Bank, National.......... 27 State of N. Y., Bank of the__ Price. 5495s 280-2801s 335 193 + 225 + 349+349% 447+ 457 621+-625 255 290+ 300+ 191 340 225 642+-650 170+ B a n k —B r o o k l y n — 5 Sprague National Bank......... 200 T r u s t Co m p a n ib s — N ew Y o r k . 20 America, Trust Co. of....... 270 20 Holland Trust C o ............... t40 7 Central Trust Co..................... 1907+ 266 North American Trust Co...... 260 Last previous sale. Jan. 1902— Jan, 1902— Jan. 1902— Jan. 1902 — Jam 1902Jam 1902Jam 1902Jam 1902Jam 1902Jam 1902Jam 1902Sept 1901— Aug. 1901— Nov. 1901Jam 1902Jam 1902Jam 1902- 535 300+ 334 205 229+ 351+ 465 431+ 627+ 256+ 302+ 254 198 334 221 640 + 172 Jan, 1899- 185 Jam 1902- 270 June1901- t50 Jam 1902- 1910 Jam 1902- 261+ The foregoing shows that the weekly consumption T h u st C o m p a n y - B r o o k l y n . Is now 154,000 bales of 500 pounds each, against 154,50 Williamsburg Trust Co........... 216 Jam 1902— 216 0 00 bales of like weights at the corresponding time i Closing up its business. last year. The total spinners’ stocks in Q-reat Britain — In view o f the fa ct that many banks, after m aking appli and on the Continent have increased 242,000 bales cation to the Comptroller o f the Currency to retire circu la during the month, and are now 109,000 bales more tion, w ithdraw such application tow ard the end o f the m onth, too late to give other banks an opportunity to file than at the same date lass season. Complete details of Mr. Ellison’ s estimates of im the necessary papers, the Com ptroller has determined that hereafter applications for retirem en t'of circulation w ill not ports, consumption, etc., for the full twelve months be accepted unless accom panied by a resolution o f the direc ending with October 1 1902 have also reached tors o f the bank authorizing the w ithdraw al, sale and trans as by cable. So far as American cotton is con fer o f the bonds to be released, and also the Treasurer's cerned, the results are based on a crop of 10,500,000 duplicate receipt fo r the bonds. —A fter the m eeting o f the directors o f the Corn Exchange bales. From all countries the aggregate imports Bank on W ednesday, President Loughrau o f the M anufac for the twelve months are placed at 8,305,000 turers’ N ational Bank o f B rooklyn was notified that the bales of ordinary weights. From America he expects terms o f m erger with the Corn E xchange w h ich had been 6.525.000 bales; East Indies, 750,000 bales; Egypt, proposed by the M anufacturers’ were not satisfactory and 780.000 bales, and Brazil, West ladies, Smyrna,, &c., that negotiations had been abandoned. A t the beginning of 250.000 bales. Presented in tabular form the estimate the negotiations the Corn Exchange offered 400 per cent for F ejbkuary 1, 1902.] THE C H R O N IC L E . the stock of the Manufacturers’, which is of a par value of $30 per share. This offer was declined and the latter then proposed 450 per oent for the stock, which offer was under consideration for a few days, and it was then declined by the Corn Exchange, as above noted. President Longhran says that the directors of the Manufacturers have never been es pecially anxious either to sell .the bank or to surrender control. — A t the special meeting of the stockholders of the Conti nental Trust Co., held on Wednesday, the proposition to increase the capital stock from $500,000 to $1,000,000 was ratified. Blair & Company, bankers of this city, at the time of the proposed increase of capital agreed to take the new stock at $450 per share, which would give the company more than $2,750,000 surplus in addition to its $1,000,000 capital. A s part of the above noted agreement, Blair & Co. nom inated as trustees, to represent the new stock, Marshall Field, John J. Mitchell and P. A . Valentine of Chicago, in tending later to nominate two members of Blair & Co., and five additional trustees from New York and vicinity. On Thursday the following new members of the board of trustees, so far as they had then been selected by Blair & Co,, were chosen: JohD J. Mitchell, Marshall Field and P. A . Valentine of Chicago; James A . Blair and John B. Dennis of Blair & Co. and S. Reading Bertron. Three more names are yet to be selected. The board now comprises Otto T. Bannard, S. Reading Bertron, James A . Blair, Robert W . De Forest, John B. Dennis, Marshall Field, Alfred M. Hoyt, W illiam Jay, Frederic B. Jennings, W alter Jennings, Henry S. Kerr, Gordon Macdonald, John J, Mitchell, A . L . Norrie, Robert Olyphant, Charles Parsons, Myles Tierney and P. A . Valentine. 239 — W . Irving Comes, formerly President of the Commercial Mutual Insurance Co. ot this city, now in liquidation, has been appointed to an important position in the Atlantic Mutual Insurance Co, Mr. Comes’s long experience in marine underwriting and his familiarity with the mutual system, of which the Atlantic is the only representative, eminently qualify him for the position. — A t a meeting on Thursday of the Clearing Honse Build ing Company, which owns the real estate of tbe New York Clearing House Association, George G . W illiam s, F. D. Tappen, J. Edward Simmons, E. H . Perkins Jr. and Dumont Clarke were chosen directors. George G. W illiam s was then elected President, J. Edward Simmons Vice-President and W illiam Sherer Secretary and Treasurer. — Francis L . Hine, Vice President of the First National Bank, was on Thursday elected a director of the Chicago Rock Island & Pacific Railroad Co., which is practically con trolled by W illiam H . Moore and John J. Mitchell, who are directors in the First National Bank. — William B. Leeds, President of the Chicago Rock Island & Pacific Railroad, was on Thursday elected a director of the United States Mortgage & Trust Co., as also was Cornelius Vanderbilt. —The Merchants’ Association of New York is vigorously opposing the Moran bill, which aims to reduce the legal ra te of interest in this State from 6 to 5 per cent. The Asso ciation has issued a circular advancing strong argumen ts why the bill should not be passed. — The Attorney-General of Massachusetts has ruled that trust companies may legally establish branch offices. T he question came up on the application of the Old Colony Trust Company of Boston for permission to establish a branch office at 52 and 54 Temple Street. The Commissioners o f Savings Banks had previously taken a stand in opposition to the creation of branches. — The Farmers’ Loan & Trust Co. and the Central Trust Co. have brought two separate actions as test cases in the United States Circuit Court for this district against the In ternal Revenue Collector to recover sums collected and paid — A t their meeting on the 14th ult. the stockholders of the under protest July 31 1901 as an annual tax computed on Paterson Safe Deposit & Trust Company of Paterson voted the basis of capital and surplus for the fiscal year preceding to increase the capital stockjfrom $100,000.to $200,000. The com that date, the contention being that the surplus should not pany will issue 1,000 new shares (par value $100), to be sold be included in computing the amount of the annual tax. to stockholders at $200 per share, realizing $200,000, which Each of these corporations is capitalized at $1,000,000, while amount is to be divided equally between capital and surplus. the capital and surplus of the Farmers’ Loan & Trust Co- It is expected that nearly the whole of this $200,000 will be aggregates $6,875,974 27 and of the Central Trust Co. more required to pay for the proposed new six story building to be than $11,000,000. Many other banking corporations are pay erected at 154 and 156 Market Street. The five upper stolies o ing the tax on capital and surplus under protest, in order to the building are to be rented as offices, each floor containing maintain their rights in the event that these test cases shall fourteen offices. The entire first floor will be utilized by the be decided adversely to the Government. company itself for banking rooms and vaults. The officia Is — In response to the application of representative bankers of are : President, Mr. John W , Griggs; Vice-President, James this city and Chicago for a suspension of action until suits Inglis J r.; Secretary and Treasurer, W illiam Berdan, and A s now pending can be decided on the ruling of the Commis sistant Secretary, S. S. Lambert. sioner of Internal Revenue, to the effect that undivided — The new 3,000 shares of the Morristown Trust Company profits are subject to tax as a part of the banks’ surplus, that of Morristown, N . J ., issued on January 2, were sold at $360 official says that as the pending suits will probably be de per share of $100. This has enabled the company not only to cided within a short time, banks, trust companies and others increase its capital from $300,000 to $600,000, as before noted involved will be allowed, if they so desire, to make returns herein, but to add also to its surplus and profits account, so to collectors under protest, showing the amount of undivided that the amount now stands at $1,501,095. profits or profit and tax accounts, for the preceding fiscal — The Bayonne Trust Company, with a capital and surplus year. The institutions can then file their claims for abate of $100,000 6ach, has been organized in Bayonne, N . J. The ment with the understanding that action upon these claims Mayor of that city> Mr. Egbert Seymour, is one of the incor will be suspended temporarily, and in the meantime collec porators of tbe new company as well as one of the directors. tions will be postponed. If the decision of the Court should Mr. E. F . C. Young, President of the First National Bank of be favorable to the contention of the Commissioner collec Jersey City and Vice-President of the New Jersey Title Guarr tion will be enforced; if adverse to that contention,collection antee & Trust Company, is also one of the directors of the will be suspended until final decision tby a court of last re Bayonne Trust. Until the regular election of officers, Mayor sort. Seymour will act as temporary chairman and Nathaniel W „ — A new trust company is being organized in this city with Trask, City Treasurer, as temporary Secretary. a capital of $500,000 and a surplus of the same amount. — The following have been elected officials of the New Am ong the projectors are David Bennett King, Ezra A . Tut Brunswick Trust Company of New Brunswick, N . J., organ tle, F. A . Potts, Frederick F. Nagent and R. Ross Appleton. ized several weeks ago with $100,000 capital: J •mes Deshler, — W illiam H . Stafford, formerly President of tne North President; John C. Eisele, Vice-President; John W yckoff, River Savings Bank, died in this city on Monday in the Treasurer, and A . J. Jones, Secretary and Assistant Treas eighty-sixth year of his age. Mr. Stafford came to New York urer. Mr. John W . Griggs is one of the directors. in 1855 from Madison, N . Y ., where he was born, and soon — The National Suffolk Bank of Boston on Monday last after he established the wholesale drug house of Dudley & succeeded the Suffolk National and Washington National Stafford. He retired from active business in 1872, and subse banks, the new bank being a consolidation of the latter two. quently became connected with the above named bank, tak Business will be conducted by the National Suffolk in the ing the presidency in 1877 and resigning therefrom in 1894. former offices of the Washington National, in the Exchange — T. Attwater Barnes, President of the New Haven, Conn., Trust Co., died at Los Angeles, Cal., on Monday. Building. The consolidated bank has been capitalized at $1,500,000, and its officials include Mr. C. Minot W e ld , Presi- 240 THE CHRONICLE deni; W illiam G. W illiam s, Cashier, and C, Frank L ow and Frank H. W right, Assistant Cashiers. [T ol . l x x iv . — It has been decided to hold the next annual meeting of the Louisiana Bankers’ Association at New Orleans. The convention will be somewhat earlier than last year—at which time the bankers met on May 14 and 15—the dates chosen for this year’s session being April 29 and 30. Amendments to two o f the banking laws of Louisiana are to be recommended to the Legislature. One urges that the powers and duties of the bank examiner be more clearly defined and the other ad vises that certain alterations be made in the law concerning the manner in which bank surplus is taken care of. —A new board of directors, consisting o f Messrs. Franklin S Jerome ( Vice President and Cashier of the First National Bank of Norwich), Robert W, Perkins and M. Eugene L in coln has been chosen for the Second National Bank of N or wich, Conn. There was a contest for control and Arthur J. Dawley and S. Alphens Gilbert were also elected, but de clined to serve. The officials elected are President, Franklin S, Jerome; V ice President, Robert W . Perkins; Cashier (r e elected), Ira L. Peck and Assistant Cashier C. Leslie H op —The State Bankers o f Texas, w ho met in May last year, kins. The retiring President, Mr. Charles P. Cogswell, had have also decided on an earlier date for this year’s conven been with the bank for a period of thirty-eight years. tion. The gathering will be held on M arch 20 at Galveston. —In the First National Bank o f N orw ich the only change Mr. 11. C. Davis has resigned as Treasurer o f the Association in officials was the election o f an additional Vice-President, and Mr. E. L. Berry, Cashier o f the Farmers’ & Merchants Bank of Sanger, Tex., has been chosen to fill the vacancy. Mr. Edward P. Metcalf. —Mr. H. C. Wetteugel, form erly Cashier o f the W estern Savings & Deposit Bank of Pittsburg, Pa., to-day enters on his duties as Cashier o f the Diamond National Bank o f P itts burg, to which position he was recently elected. Mr. Charles E. Schurtz has been chosen to fill the vacancy in the W estern —A dividend of BO per cent, payable last Monday, was de Savings & Deposit Bank, clared by the Comptroller in favor of the creditors o f the —Mr. John Caldwell Jr., for 12 years President and 33 American National Bank of Baltimore, Md., which went into years a director o f the Allegheny National Bank o f P itts liquidation in February of last year. This makes a total of burg, died on the 17th ulfc. Vice-President Joshua Rhodes 70 per cent paid thus far. succeeds Mr. Caldwell as President, while Mr. W illiam “ -Messrs, John Skelton W illiam s o f John L. W illism s & Stewart has become the new Vice-President. Sons, R ichm ond, and J. W illiam M iddendorf o f J. W illiam —Mr. Jasper M. Porter has through the resignation o f Mr. M iddendorf & Co. are interested in a new banking institu tion shortly to be started in Columbia, S. C. This w ill be Frederick Fisher become President o f the United States Na known as the Palmetto Bank & Trust Company, w hich w ill tional Bank o f Pittsburg, Mr. Porter had form erly been have a capital of $250,000. The President, it is expected, w ill Vice-President and in that position is succeeded by Mr. W . be Mr. W illiam H. Lyles, and the Vice-President and Treas G. Foster. —The Maryland its reconstructed Lom bard St. We remodeling of the National Bank o f Baltimore has re-opened building, corner o f Hopkins Place and referred in August last to the complete building then in progress. urer Mr. Julius H. W alker, who recently retired as V icePresident of the Central National Bank of Columbia. — A join t meeting o f the executive committees o f the Mis souri and Kansas State Bankers’ associations was held on January 16 in Kansas City, Mo., to arrange for the next an nual meeting in May. Invitations were also extended to the Oklahoma, Colorado and Indian Territory associations to be present at the coining gathering. —The directors o f the Braddock Trust Company o f Braddock, Pa,, have elected the follow in g officials: President, Eli N. Dowler; Vice-President, George Nash, and Secretary and Treasurer, George C. W att. Mr. W att w ill continue also as Cashier of the First National Bank o f Braddock, a m ajority of whose stock, according to the Pittsburg “ Dispatch,” was recently purchased by the trust company. Tne proposition to increase the capital o f the latter from $125,000 to $375,000 was defeated, the stockholders deeming an increase inadvis able at the present time. —W ork w ill shortly begin on a new building which the Capital City State Bank o f Des Moines, Iow a, intends to —Messrs. James B, Hoge, B. Mahler, Ralph Gray and A, erect. The plans for the building are not as yet fn lly m a L. Moore have resigned from the board o f the Prudential tured. The structure w ill, however, be as nearly fireproof Trust Company o f Cleveland; one new member, Mr. George as possible, and the bank w ill reserve for its ow n use the en F. Scofield, has been elected. Mr. Samuel F, Haserot was tire second floor. re-elected President and Mr. W . F. Carr replaces Mr. Hoge —On January 8 the Fidelity Trust Company o f Kansas as one o f the Vice-Presidents. City, M o., increased its capital from $500,000 to $1,000,000. —A t the recent directors’ meeting o f the New First N a The announcement was made in these columns Novem ber 9 tional Bank o f Columbus, Ohio, Mr. Charles R. Mayers, fo r of the proposed increase. The new stock was sold at $144 merly Cashier, was chosen President. The directors also per share, thus enabling the company to add to its surplus ac re-elected Mr. A lbert D. Heffner, Vice-President, and pro count, w hich now amounts to $400,000, with undivided profits moted Mr. Paul A. De Long from the position o f Assistant of a little over $40,000. Cashier to that o f Cashier. —Mr. S. R. Flynn, form erly President o f the Second N a —The office o f Second Vice-President has been created in tional Bank of St. Paul, Minn,, was elected President of the the Commercial Savings Bank o f Toledo, to w hich Mr. J. JNational L ive Stock Bank o f Chicago at the recent directors’ Barber has been elected. meeting. —Mr. O. P. Tucker has been elected Cashier o f the Citi —The Chicago firm o f Horine & Stevens, dealers in co m zens’ National Bank o f Cincinnati, O. This office had been mercial paper, has been dissolved by mutual consent, Mr. held by Mr. G . P. Griffith, who in addition was Vice-Presi Stevens retiring. The new firm o f W . H. Horine & Co. (in dent of the bank, w hich latter position he w ill continue to fill. corporated) succeeds, and retains same office in the New —Mr. W illiam A . Carr has resigned as Treasurer of the Y ork L ife Building. Mr. Horine was for seven years National Union Trust Company of Pittsburg to accept the position of Bank Examiner, mainly in Illinois. confidential assistant to Mr. H. C. Frick. The new Treas —The meeting on Jan. 7 o f the stockholders o f the First urer chosen to succeed Mr. Carr is the form er Secretary, Mr. National Exchange Bank o f Port Huron, Mich., resulted in H. W . Gleffer. Mr. Scott Hays has been appointed Secre the ratification o f the increase in the capital from $185,000 to tary, Mr. J. H. Evans Assistant Secretary and W . W . Smith $150,000, The fu ll amount has already been paid in. Second Assistant Secretary—the latter a new office. Presi —The past six months have been a prosperous period for dent H. C. M cEldowney, First Vice-President A . W . Mellon the Bank of Saginaw, Saginaw, Mich. During that time the and Second Vice-President J. M. Schoonruaker were all re bank has not only paid its semi-annual dividend o f 5 per elected. The Chairman o f the board o f directors, Mr. H, C. cent, but it has also-added $20,000 to its surplus fund, making Frick, was also re-elected. —Messrs. E. H . Gay & Co., the w ell-know n bankers, with the amount now $100,000, exclusive o f undivided profits, which latter figure up $47,758. On January 1 the bank had offices in Boston, New Y ork, Philadelphia and Montreal, are deposits of $2,264,961, an increase since July last of $200,000. favoring their friends with a very attractive calendar for the The officials are, President, A m m i W . W righ t; V ice-P resi year 1902. — Mr. Frank W . Kinsman has been elected President of dent, Benton Hanchett; Second Vice-President and Manager, D. W . Briggs; Cashier, A . W . Field; and Assistant Cashiers, the Hamilton Bank o f this city, and also a member of the board of directors. T. W . Stalker and S. S. R oby. THE CHRONICLE F e b r u a r y 1, 1902.] 241 Xvwst ©jornpraj Iktitrns* B O S T O N , P H I L A D E L P H I A , N E W I n v ie w o f th e in c r e a s in g p r o m in e n c e w h ic h c o m p le te c o m p a r a tiv e P h ila d e lp h ia a n d T h e d a te s 31 1900. In th e case of d a tes a n d not a ll th e S ta te in s te a d N ew Y ork , s e le c te d fo r T h e th e B oston q u ite corresp on d have su cceed ed . n o t fo u n d t h e la t e s t c o m p l e t e or th ree c o m p a n ie s A s, d a te s, of th e c o m p a n ie s of and w e have no B o sto n re tu rn s 30 1901 u n ifo r m ly s o u g h t to fo r c o m p a n ie s it c o n v e n i e n t t o c o m p i l e s ta tis tic s to fig u r e s a v a ila b le — u s u a lly and th ose g iv e b e lo w in B oston a h a lf p a g e s . 1901, Ju ne re tu rn s a re w e th a t k in d gel th ese a num ber o f e it h e r N o v e m b e r 3 0 D ecem ber d a te s. fig u r e s fo r th e d a te s D ecem ber and o f th ese h o w e v e r , th e fis c a l p e r io d s o f and th e B R O O K L Y N . a re a s s u m in g , a lt o g e th e r te n c o m p a n ie s th e la r g e ly tw o a ll are D e c e m b e r 81 P h ila d e lp h ia th ose of sta tem en ts o c c u p y Y ork A N D th e tr u s t c o m p a n ie s c o n d itio n and w ith a u th o r itie s , th e c o m p a r is o n th e ca se o f th e N e w have c o m p a n ie s sta tem en ts o f Y O R K In sam e c o m p a n ie s do are r e q u ir e d by th e P h ila d e lp h ia 3 1 , b u t h a v e fu r n is h e d or O ctob er 31, Boston Companies, A M E R IC A N L O A N TRU ST R esources D ec . 31, '01. Stocks and b on d s...................... $1,225,920 Time loans on collateral ....... 5,013,343 Dem and loans on co lla te r a l... 3,069,373 Cash on hand and in b a n k s ... 1,370,146 T otal ________ .... . ....$ 1 0 ,6 7 8 ,7 8 2 L iabilities — Capital s t o c k ................... .......... $1,000,000 Surplus fu n d .............................. 1,000,000 U ndivided p rofits............ 119,585 General deposits payable on dem and............................ T o t a l ......................... ........ $10,678,782 C O . (B O S T O N ). B O S T O N SAFE D E P O S IT & T R U S T J u n e 3 0 ,'0 1 . D e c 3 1 , '0 0 . $ 1 ,2 7 8 ,5 1 1 $ 1 ,1 9 1 ,6 4 5 2 ,6 7 2 ,5 1 1 6 ,8 6 3 ,8 3 1 3 ,5 5 3 ,5 8 2 2 ,3 6 8 ,6 0 3 2 ,5 4 7 ,0 1 8 2 ,2 6 8 , 2 4 4 $14,064,527 $8,679,418 $1,000,000 800,000 213.979 $1,000,000 800,000 90,307 12,050,548 6,789,111 $14,064,527 $8,679,418 N ote — C on p a n y paid 6% on its stock in both 1901 and 1900. o f in terest on deposits o f $500 and ov er is 2%. Rate J une 30,’ 01. D e c . 3 1 ,’ 00. Time lo a n s.......... ............. ........ $3,169,402 Dem and loans. ................ ......... 318,875 M assachusetts b o n d s __ . . . A . 200,000 Other bon d s....................... Banking h o u s e ......... ...... .......... 150,000 Cash in office and hanks. ........ 753,759 $3,108,031 398,525 200,000 22 2,000 150,000 827,453 $2,617,329 459,525 200,000 326,592 150,000 745,544 T o t a l .......................... ....... $4,875,536 $4,906,009 $4,498,990 $400,000 100,000 156,774 4,249,235 $400,000 100,000 130,877 3,868,113 $4,906,009 $4,498,990 T otal........................... 3 1 , '0 0 . $ 2 5 0 ,0 0 0 240.000 625.000 9,136,522 774,481 2,404,844 $13,430,847 $6,484,664 $1,000,000 1,000 000 $1,000,000 1,000,000 497,861 1 3 ,1 7 2 ,9 2 1 10,932,986 T o t a l ............ ................ $14,754,869 Trust departm ent (additional) $7,770,317 $15,747,783 $6,880,831 $13,430,847 $6,484,964 5 6 2 ,8 6 2 12,000 T R U S T C O . (B O S T O N ). R esources—N o v . 6 , 1 9 0 1 - C ity b o n d s , $ 1 0 , 0 0 0 ; lo a n s , $ 3 3 9 ,1 3 0 ; r e a l D e c . 31, ’01. 198,661 ec. $15,747,783 $6,880,831 COLUMBIA L iabilities — Capital stock ............ ......... Surplus fu n d ..................... Earnings u n d iv id e d ................ D ep osits............................... D T ota l.....................................$14,754,869 Trust departm ent (additional) $7,770,317 L iabilities — Capital sto ck ............................... $1,000,000 1,000,000 Surplus f u n d ............................. Profit and loss............................. 645,774 Taxes ................................. . . ............ D ep osits....................................... 12,109,095 B A Y S T A T E T R U S T C O . (B O S T O N ). R esources— (B O S T O N ). R esources— D ec. 3 1 ,'0 1 . J u n e 3 0 ,’ 0 1 . $ 7 2 5 ,0 0 0 M assachussetts bonds at p a r .. $500,000 2 4 0 .0 0 0 City bonds at p a r ....................... 240,000 6 2 5 .0 0 0 Railroad bonds at p a r .............. 675,000 Loans. ............. 10,834,243 1 1 ,7 7 7 ,4 2 4 Cash in office............................... 603,632 5 7 6 ,6 2 9 1 ,8 0 3 ,7 3 0 Cashin banks,in B oston & N Y. 1,901,994 N ote;.—Com pany paid 5% on its stock in both 1901 and 1900. o f in terest on deposits is 2%. Rate e s t a te , fu r n itu r e , e t c ., $ 5 ,2 4 0 ; p r e m iu m , $ 6 0 0 ; s a fe d e p o s it v a u lt s , $ 7 ,4 0 0 ; c a sh in o ffice, $ 2 4 ,6 9 6 ; c a s h in h a n k s , $ 6 3 ,4 3 9 ; t o t a l , $ 4 5 0 ,5 0 5 . L i a b i l i t i e s —C a p ita l s t o c k , $ 1 0 0 ,0 0 0 ; s u r p lu s a n d p r o fits , $ 2 0 ,0 5 9 ; d e p o s its , $ 3 3 0 ,2 9 8 ; d iv id e n d s u n p a id , $ 1 4 8 ; t o t a l , $ 4 5 0 ,5 0 5 . F E D E R A L T R U S T C O . (B O S T O N ) R esources— Oct. 3 1 ,'0 1 . Loans . ........................... $2,106,289 State o f M assachusetts bonds. 117,880 R ailroad and other b o n d s....... 1 5 2 ,3 6 5 2,000 Furniture and fixtu res.......... 1,000 E xpenses p a id ......................... 4 6 5 ,0 8 0 Cash on hand and in banks . . . C E D D T o t a l .................................... L ia b il it ie s — a p i t a l s t o c k . .................................. a r n i n g s u n d i v i d e d ...................... e p o s its .. i v i d e n d s u n p a i d .......................... T o t a l ....................................... $2,844,614 $ 5 0 0 ,0 0 0 8 8 ,2 0 6 2 ,2 4 6 ,3 3 8 1 0 ,0 7 0 A pr. 2 4 ,’01. ............ Oct. 31, ’00. $1,595,230 68,100 82,934 2,994 1,000 433,390 ................... $2,183,648 $ 5 0 0 ,0 0 0 5 5 ,4 1 5 1 ,6 2 8 ,2 3 3 ............................................. $ 2 ,8 4 4 ,6 1 4 $ 2 ,1 8 3 ,6 4 8 INTERNATIONAL T R U S T CO. 'BOSTON ), B E A C O N T R U S T C O . ( B O S T O N ). R esources— D ec . 3 1 ,’01. J une 30,’01. Real estate m ortga g es__ ....... $200,000 $250,000 Sto ck s an d b on d s............. ......... 85,000 125,000 Loans on collateral.......... ....... 1,500,000 1,460,000 Cash on hand...................... 4.0,000 Cash on d eposit................. ....... 170,000 254,000 T ota l........................... L iabilities — Capital stock. ................... U ndivided profits ______ ........ General deposits payable on d em a n d ..................................... D ec . 3 1 ,’ 00. $270,000 81,000 1,156,000 47,000 216,000 $1,995,000 $1,770,000 106,000 $300,000 103,000 $300,000 91,000 1,724,000 1,592,000 1,379,000 $1,995,000 $1,770,000 1901. $94,285 1900. $86,974 28,284 22,422 26,103 20,066 (6%) 18,000 A ll. (6 % ) 1 8 ,0 0 0 A l l. 2% 2% TOtaL •mmmmmmmrnmmmmmm• Statistics for Calendar Y ear — Gross profits for year....... In terest credited depositors during year................... .............. E xpenses o f institution same period ... A m ou nt o f dividends on com pan y’s s to ok......................... ............................................. A m ount deposits receiving Interest.... Rate o f Interest paid on d ep osits........... . 3 1 , '0 1 . $ 5 2 8 ,8 3 9 5 ,9 5 1 ,3 4 7 4 ,0 7 6 ,7 4 3 3 ,5 4 7 ,9 0 4 7 5 0 ,0 0 0 3 4 4 ,8 1 5 1 ,0 4 3 ,9 9 9 6 9 ,8 0 5 J u n e 3 0 ,’0 1 . $ 5 3 5 ,9 4 7 5 ,8 1 3 ,5 2 6 4 ,2 3 0 ,1 4 9 3 ,6 9 4 ,2 0 2 7 5 0 ,0 0 0 2 0 1 ,2 2 3 1 , 1 4 2 ,5 5 4 5 2 ,9 4 8 D e c . 3 1 ,’00 . $ 5 1 1 ,1 7 8 5 ,8 5 4 .8 5 9 3 5 3 6 ,7 0 4 3 ,0 2 5 ,4 2 6 7 5 0 ,0 0 0 2 8 2 ,6 6 4 1 ,9 4 6 ,1 0 7 6 6 ,0 7 0 T o t a l ........................................... $ 1 6 , 3 1 3 , 4 5 2 T r u s t d e p a r t m e n t (a d d it io n a l). $ 1 ,6 6 5 ,8 4 5 L ia b il it ie s — C a p i t a l s t o c k .............. $ 1 ,0 0 0 ,0 0 0 S u r p l u s f u n d ........ . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 ,0 0 0 ,0 0 0 U n d i v i d e d p r o f i t s .......................... 6 5 4 ,6 2 0 D e p o s i t s i n t r u s t ............................ 1 ,6 8 1 ,1 5 2 G e n . d e p . p a y a b le o n d e m a n d . 1 0 ,9 7 7 ,6 8 0 $ 1 6 ,4 2 0 ,5 4 9 $ 1 ,6 4 8 ,6 7 3 $ 1 5 ,9 7 3 ,0 0 8 $ 1 ,6 1 0 ,2 8 3 $ 1 ,0 0 0 ,0 0 0 2 ,0 0 0 ,0 0 0 4 0 5 ,6 4 2 1 ,0 6 1 ,0 7 1 1 1 ,3 5 3 ,8 3 6 $ 1 ,0 0 0 ,0 0 0 2 ,0 0 0 .0 0 0 2 6 9 ,6 4 1 1 ,6 2 3 , 6 2 4 1 1 ,0 7 9 .7 4 3 T o t a l . .................... $ 1 6 ,3 1 3 ,4 5 2 T r u s t d e p a r t m e n t (a d d it io n a l). $ 1 ,6 6 5 ,8 4 5 S t a t is t ic s f o r C a l e n d a r Y e a r — $ 1 0 ,1 2 0 ,5 4 9 $ 1 ,6 4 8 ,6 7 3 $ 1 5 ,9 7 3 ,0 0 8 $ 1 ,6 1 0 ,2 8 3 1900. $ 3 5 8 ,5 6 2 1 6 1 ,3 1 5 1 0 8 ,8 8 7 R S L L R C C O R e so u rc es— D e a l e s t a t e m o r t g a g e s ................ t o c k s a n d b o n d s .......................... o a n s o n c o l l a t e r a l ...................... o a n s o n p e r s o n a l s e c u r it ie s .. e a l e s t a t e ........................................ ash on h an d ..................... a s h o n d e p o s i t ............................... t h e r a s s e t s ................................. e c 1901. $ 5 4 4 ,9 7 9 1 6 8 ,4 5 6 1 1 1 .2 6 0 Interest credited depositors during year. Expenses o f institutions same period Am ount dividends on com pany’ s stock .. . (16%) 160,000 (13% )130,000 A m o u n t d e p o s its r e c e iv in g i n t e r e s t . . . ............. 1 0 ,9 7 7 ,6 5 8 Rate o f interest paid on d ep osits ........... .............. 2% 1 1 ,0 7 9 ,7 4 3 2% THE 242 M A S S A C H U S E T T S LOAN & T R U S T (B O ST O N ). RBSuURGES— DEC. 3 1 ,’ 01, J une 30, 01. $113,283 $113,189 M assachusetts sounds............. . 3,267,405 L o a n s ,,............ .................... .. . . . 3,345,805 358,749 461.614 C a s h ............................................ D eg. 3 1 ,’Oo. $113,376 3,055,382 247,184 T o t a l . . . . . . . . . . . . . __ . . . . . . $3,920,638 $3,739,137 $3,413,942 LIABILITIES— C apital s t o c k . ......... ....... ......... . $1,000,000 200,000 Surplus fu n d ..... ................ . Uu di vi ded profit s ................... . 112,819 Gen. dep. p ayable on dem and . 2,607,819 $1,000,000 200,000 117,448 2,421,989 $1,000,000 200,000 116,627 2,099,315 $8,920,638 $3,739,437 $3,415,942 T otal................................... OLD C O L O N Y T R U S T CO. (BOSTON). O c t . S l . ’ Ol. A m t . 3 0 , ’ 0 1 . O c t , 3 1 , ’00, Loans .......................................... $20,642,225 $18,086,532 $15,490,160 M assachusetts bonds at p u r,. 1,000,000 900,000 900,000 RR. A other bds, at or and. par 1,523,845 907,775 1,526,625 Real estate ....... ......................... 6 5 0 ,0 0 0 ................... ................... Cash in office............................. 1,403,470 1,286,524 981,644 Cash in b a n k s .. .......................... 5,874,403 6,647,131 3,886,680 R esources— T o t a l ..............................................$ 3 1 , 0 9 3 , 9 4 3 D eo . 3 1 ,’01. J une 3 0 /0 1 . D ec . 3 1 ,'0 0 . R esources — $82,550 R eal estate m ortgag es........ $51,220 $51,220 30,040 59.140 B o n d s ...................................... . 57,375 419,105 556,213 L oans on collateral ............... 540,226 243,454 203,277 198,856 Loans on personal securities. 34,200 53,300 44,160 Cash on h a n d ............................. 97,814 71,611 78,771 Gash on d e p o s it...................... 5.625 O ther a ssets............................. T o t a l .................................. $965,621 $938,938 $953,598 L ia b il it ie s — Oapital s t o c k ........................ Surplus fund . . . . ...................... U ndivided p r o f i t s ................ . Gen. dep. payable on dem and Other lia b ilities................... $100,000 40,000 10,283 813,338 2,000 $100,000 30,000 12,675 786,499 9,764 $100,000 25,000 18,575 808,023 2,000 $938,938 $953,598 1901. $12,300 13,200 4,000 615,000 2% 1900. $11,300 12,000 4,000 565,000 2% $965,621 Statistics f o r Ca l e n d a r Y e a r — in terest credited depositors during y e a r ... E xpenses o f institution same p e r i o d ......... A m ou n t dividends on co m p a n y ’ s s to c k ___ A m ou n t o f deposit* receiv in g in terest.......... Rate o f interest paid on deposits .................. MERCANTILE T RU ST T o t a l................................. . $3,943,142 L ia b il it ie s O apital s to c k ....................... . Surplus fu n d ............................... U n d ivid ed p rofits....................... Gen. dep. p ay able on demand. S $50 0,000 300,000 32,727 3,110,415 2,992,421 $250,000 125,000 54,147 3,029,865 T o t a l ................................. . $3,943,142 $ 3 ,4 3 6 ,2 8 7 $3,459,012 t a t is t ic s C f o r a l e n d a r Y e a r $250,000 125,000 6 8 ,8 6 6 1901. — E xp en ses o f institution during y e a r___ A m ou nt dividends on com p a n y ’s stock B a te o f in terest p aid on d e p o s its............ N EW ENGLAND Resources— TRU ST 1900. .$ 3 7 ,7 1 8 $ 3 5 ,7 6 4 . 1 2 ,5 0 0 1 2 ,5 0 0 A verage 2% CO . O c t. 31 , ’01. O cx. 3 1 , ’ 0 0 . $ 5 0 0 ,0 0 0 9 9 0 ,0 0 0 1 ,3 2 4 , 7 5 6 1 1 .1 1 0 ,5 5 0 2 ,5 6 6 ,1 2 4 5 ,1 6 5 ,0 6 3 4 0 ,2 9 5 3 ,5 3 9 $ 5 0 0 ,0 0 0 1 ,3 5 0 ,0 0 0 1 ,2 7 0 ,2 9 8 1 2 ,5 8 6 ,5 7 8 1 ,2 1 7 ,3 3 8 4 ,6 3 0 ,9 6 3 3 2 ,5 7 0 2 ,8 9 1 $ 8 5 0 ,0 0 0 1 ,0 0 0 , 0 0 0 1 ,2 7 0 ,2 9 8 8 , 4 8 9 ,5 2 0 3 ,3 2 5 ,9 0 3 5 ,9 4 5 ,9 6 7 3 8 ,5 2 9 478 T o t a l .................... $ 2 1 ,7 0 0 ,3 2 7 T r u s t d e p a r t m e n t (a d d itio n a l) $ 4 , 2 9 0 , 8 9 9 $ 2 1 ,6 3 0 , 6 3 8 $ 3 ,7 7 7 ,3 0 3 $ 2 0 ,9 2 0 ,6 9 5 $ 1 , 0 3 9 , 8 19 L A (B O S T O N ). . 3 0 ,’0 1 . U n it e d S t a te s b o n d s , a t p a r . . . M a ssa ch u setts b on d s, a t p a r .. R a il r o a d a n d o th e r b o n d s ......... D e m a n d c% t im e lo a n s w it h c o l. T i m e l ’n s , S t a te , c it y , c o s .,& t n s . C a s h i n b a n k s a n d o ffic e ............. E x p e n s e . ......... . . _ ................................ A c c o u n t s r e c e i v a b l e . . . . . ........... o t e R e s o u r c e s P U R IT A N pr ia b il it ie s — C a p i t a l s t o c k ....................................... $ 1 , 0 0 0 , 0 0 0 G u a r a n t y f u n d . . ................. 1 ,0 0 0 ,0 0 0 P r o f it a n d l o s s ................................. 5 5 5 ,7 4 2 E a r n in g s u n d i v id e d ....................... 3 0 5 ,8 5 7 D e p o s i t s . . . ............................... 1 8 ,8 3 8 ,7 2 8 T o t a l .......................... $ 2 1 ,7 0 0 ,3 2 7 T r u s t d e p a r t m e n t (a d d itio n a l) ' $ 4 ,2 9 0 ,8 9 9 $ 1 ,0 0 0 ,0 0 0 1 ,0 0 0 , 0 0 0 5 0 3 ,7 3 8 2 4 3 ,1 1 0 1 8 ,8 8 3 ,7 9 0 $ 1 ,0 0 0 ,0 0 0 1 ,0 0 0 , 0 0 0 4 2 7 ,2 9 6 2 2 3 ,5 7 0 1 8 ,2 6 9 ,8 2 9 $ 2 1 ,6 3 0 ,6 3 8 $ 2 0 ,9 2 0 ,6 9 5 $ 3 ,7 7 7 ,3 0 8 $ 4 ,0 3 9 ,8 4 9 TR U ST — $1,000,000 2,000,000 875,322 24,852,940 $1,000,000 2,000,000 489,114 19,296,195 CO . (B O S T O N ). O c t . 3 1 , ’01. A p r. 2 4 ,’0 1 . B o n d s a n d s t o c k s . . . ...................... $ 2 5 1 ,3 1 7 $ 2 4 2 ,7 5 1 Loans ........................................... 2,408,718 2,226,531 2 4 ,7 2 9 3 ,3 3 6 3 ,5 5 5 345 5 ,9 8 6 1 0 5 ,2 3 6 2 9 9 ,1 0 5 2 3 ,5 3 7 1 ,6 4 9 4 ,0 6 4 142 7 8 6 ,5 3 7 3 5 1 ,2 5 8 O o t. 3 1 , ’ 0 0 . $ 2 3 ,1 4 6 1 ,0 4 0 ,9 5 7 2 1 ,3 9 6 3 ,1 6 4 2 ,6 4 6 144 150 6 0 ,7 8 4 2 7 7 ,8 2 8 $ 3 ,1 0 2 , 3 2 7 $ 2 ,9 3 6 ,4 7 6 $ 2 ,3 3 0 ,2 1 5 $ 2 0 0 ,0 0 0 8 0 ,0 0 0 2 3 ,1 8 9 5 ,9 3 2 2 ,7 9 3 ,0 3 9 167 $ ^ 0 0 ,0 0 0 8 0 ,0 0 0 3 ,4 7 5 4 .2 4 1 2 , 6 4 8 ,6 3 6 124 $200,000 6 5 ,0 0 0 500 5 ,0 5 8 2 ,0 5 9 ,4 7 9 178 T o t a l.......................................... .. $ 3 ,1 0 2 ,3 2 7 $ 2 ,9 3 6 ,4 7 6 $ 2 ,3 3 0 ,2 1 5 B a n k b u il d in g .................... E x p e n s e a o c o u n t ,............................ I n t e r e s t p a i d ................................... O v e r d r a ft s ................................. P r o fit a n d l o s s ..................................... C a sh In o fflo e ...................................... C a s h in b a n k s .................................... T o t a l . .......................................... L ia b il it ie s — C a p ita l s t o c k ...................................... S u r p lu s f u n d ............................... E a r n in g s u n d iv id e d ....................... D is c o u n t ................................................. D e p o s i t s ................................................. E x c h a n g e a c o o u n t . . . . . . ............. STATE $3,459,012 $3,436,287 $ 2 2 ,7 8 5 ,3 0 9 T o t a l...................... $31,093,943 $28,728,262 $22,785,309 . — Com pany paid 1 2 % on its stock i n 1 9 0 1 a n d 8 % i n 1900. N CO . (BOSTON). R eso u rces — D e c . 3 1 ,’01. J une 3 0 /0 1 . D ec . 3 1 ,’00. R eal e s ta te m o rtg a g e s ....... . $253,502 $182,860 $167,680 Stooks and b o n d s .................... 284,000 260,000 168,000 L oans on co lla te ra l.................... 2,100,000 1,950,000 1,800,000 L oans to corp oration s & in d ’ls 518,012 448,459 485,354 Cash on h a n d ........ ..................... 209,102 110,369 217,454 Cash on d e p o s it.......................... 578,526 484,599 620,524 $ 2 8 ,7 2 8 ,2 6 2 L ia b il itie s — Capital sto ck .............................. $ 1,000,000 Surplus fund ........................ 2,000,000 Earnings undivided .............. 1,092,082 Deposits ............... 27,001,881 M A T T A P A N D E P O S I T S. T R U S T C O , ( B O S T O N ) , T o t a l................................... [Yol, l x x i v . C H R O N IC L E R S T R E E T T R U S T C O . (B O S T O N ) . esources— O ot. 3 1 ,’01 . $ 2 0 0 ,0 0 0 2 0 2 ,8 7 5 3 ,6 1 8 ,6 9 0 3 ,2 6 6 6 2 4 ,3 7 2 A pr. 2 4 , ’0 1 . Oct. 3 1 , ’ 0 0 > $ 1 3 7 ,6 5 1 1 7 6 ,6 1 1 2 ,7 2 1 ,9 4 9 723 4 7 1 ,1 2 3 $ 1 3 7 ,2 0 5 2 4 3 ,2 3 0 2 ,1 6 6 ,8 5 3 $ 3 ,5 0 8 , 0 5 7 $ 6 0 9 ,1 1 9 $ 3 0 0 9 ,5 3 7 $ 5 6 0 ,3 1 2 $ 6 0 0 ,0 0 0 3 0 0 ,0 0 0 1 3 ,4 9 9 3 ,7 3 5 ,6 6 9 35 $ 3 0 0 ,0 0 0 1 5 0 ,0 0 0 9 ,0 7 6 3 ,0 4 8 ,8 7 9 102 $ 3 0 0 ,0 0 0 1 3 8 ,2 2 5 2 ,5 7 1 ,3 0 7 5 T o t a l ........................- ................ $ 4 , 6 4 9 , 2 0 3 ( $ 6 2 2 ,7 3 0 T r u s t d e p a r t m e n t (a d d itio n a l) $ 3 ,5 0 8 ,0 5 7 $ 6 0 9 ,1 1 9 $ 3 ,0 0 9 , 5 3 7 $ 5 6 0 ,3 1 2 M a s s a c h u s e t t s b o n d s .................... O th e r s to o k s a n d b o n d s ............. L o a n s ................................................... E x p e n s e a o c o u n t ........... ............... C a s h In office a n d b a n k s ............. T o t a l ................... ......................... $ 4 , 6 4 9 , 2 0 3 T r u s t d e p a r t m e n t (a d d itio n a l) $ 6 2 2 ,7 3 0 2,844 4 5 9 ,4 0 5 L iabilities — O a p ita l s t o c k ...................................... S u r p lu s fu n d . ........................ U n d iv id e d p r o f i t s ............................ D e n o s i t s ..................... ................ D iv id e n d s u n p a i d ............................ UNION T R U S T CO. (BOSTON). R e s o u r c e s — O ct. 3 1 , 1 9 0 1 . — B o n d s a n d s t o o k s , $ 2 1 1 ,3 1 6 ; lo a n s , $ 1 ,3 2 6 , 5 2 9 ; c a s h in o ffice , $ 3 9 , 5 7 2 ; c a s h i n b a n k s , $ 7 6 , 6 9 7 ; t o t a l , $ 1 ,6 5 4 ,1 1 4 . L i a b i l i t i e s - C a p it a l stock, $ 1 0 0 ,0 0 0 ; e a r n in g s u n d iv id e d , $ 1 1 2 ,6 7 4 ; d e p o sits, $ 1 ,1 3 7 . 4 4 0 ; reserve f o r d iv id e n d , $ 4 ,0 0 0 ; t o t a l , $ 1 ,6 5 4 ,1 1 4 . UNITED S T A T E S T R U S T R esources— CO. (BOSTON). . 3 1 ,’ 01. J UNE 3 0 / 0 1 . D e c . 3 1 ,’0 0 . S t o c k s a n d b o n d s .......................... L o a n s . . . ........................................... C a s h ........... ............................................ $ 4 9 5 ,8 1 9 2 ,4 1 0 ,6 1 1 6 6 7 ,5 5 8 $ 4 9 9 ,8 0 9 2 , 3 1 9 ,7 7 0 4 1 8 ,3 6 6 $ 4 1 3 ,3 3 4 2 ,1 6 6 ,3 1 2 5 8 8 ,8 0 2 T o t a l ................... ........................ $ 3 ,5 7 3 ,9 8 8 $ 3 ,2 3 7 ,9 4 5 $ 3 ,1 6 8 ,4 4 8 $ 2 0 0 ,0 0 0 3 0 0 ,0 0 0 191 3 ,0 7 3 ,7 9 7 $ 2 0 0 ,0 0 0 2 0 0 ,0 0 0 7 5 .0 0 0 2 ,7 6 2 ,9 4 5 $ 2 0 0 ,0 0 0 2 0 0 ,0 0 0 • 5 0 ,1 1 6 2 ,7 1 8 ,3 3 2 $ 3 ,5 7 3 ,9 8 8 $ 3 ,2 3 7 ,9 4 5 $ 3 ,1 6 8 ,4 4 8 D ec L ia b il it ie s — C a p ita l s t o e k .............................. .. S u r p lu s f u n d ___ . . . . . . . . . . . . . . . U n d iv id e d s r o f it s ............................. G e n , d e p . p a y a b le o n d e m a n d . T o t a l ...................................... .. S t a t is t ic s foe Ca l e n d a r Y ear — A m o u n t d iv id e n d s o n c o m p a n y ’ s s t o c k ......... R a t e o f i n t e r e s t p a id o n d e p o s it s _____. . . . . . . 1901. 1900. 8% 2% 7% 2% Philadelphia Companies. City Trust, Safe Deposit & Surety (Phila.). American Trust Company (Philadelphia). R esources— NOV. 2 5 ,’0 1 . M a y 2 2 , '0 1 . N o v . 1 9 ,’0 0 . R eal est., fu rn itu re & fixtu res O ther a ssets..... .......................... $ 1 5 ,1 8 0 5 3 ,3 3 8 2 0 ,2 0 6 1 6 4 ,6 2 6 1 5 5 ,0 0 4 9 1 ,4 0 8 8 2 ,1 8 7 2 ,2 4 5 $ 1 9 ,1 0 1 5 0 ,4 6 8 2 1 ,9 3 7 1 9 4 ,9 2 6 1 8 3 ,9 9 3 1 0 4 ,1 0 5 8 2 ,8 4 8 2 ,1 6 2 $ 1 2 ,3 8 6 7 9 ,4 5 3 4 0 ,1 5 7 1 6 1 ,2 8 8 1 5 3 ,5 4 0 1 0 1 ,2 8 2 8 3 ,4 7 6 13 T o ta l.............. ..................... $ 5 8 4 ,1 9 4 $ 6 5 9 ,5 4 0 $ 6 3 1 ,5 9 5 $ 2 0 0 ,0 0 0 4 9 ,4 4 9 3 3 4 ,7 4 5 $ 2 0 0 ,0 0 0 4 7 ,0 4 1 4 1 2 ,4 9 9 $ 2 0 0 ,0 0 0 4 5 .5 4 3 3 8 6 ,0 5 2 $ 5 8 4 ,1 9 4 $ 6 5 9 ,5 4 0 $ 6 3 1 ,5 9 5 on h a n d ........................... D ue fro m banks, e t c ................ . C om m ’l & other paper o w n ed . L oans u p on co lla te ra l.............. Stocks, bonds, e to ................... C ash M o r t g a g e s ...... . ............... .. T o t a l............................ . e s o u r c e s L ia b il it ie s T o t a l............... ................... $3,162,216 L ia b il it ie s — C apital s t o c k . . . . . . ..................... U udiv. profits & reserv e fu n d . D e p o s it s ..................... .............. . — N o v . 2 5 ,’ 01. M a y 22,*01. N ov. 1 9 ,’ 00. Cash on hand .............................. $83,622 $82,494 $107,343 D ue from banks, e t c .................. 423,169 417,353 547,287 Loans upon collateral ....... 1,365,127 1,215,995 1,224,603 L oans upon bonds and m tg e s. 61,700 ...... ....................... .. Stocks, bonds, e tc ....................... 436,168 446,725 434,475 M ortg a g es.......................................................... 67,200 72,200 R eal est’e, furniture & fixtures 544.702 544,702 541,024 Other assets................................ 247,728 249,369 Lv>.33£> R $3,023,838 $3,092,271 $500,000 276,266 78,766 2.170,326 3, ISO $500,000 281,609 56,435 2.242.187 12,060 - Capital stock ............ ................. Surplus and reserv e fu n d ....... U ndivided p r o fit s ...................... D e p o sits........................................ Other l ia o ilit le s .......... ............. $500,000 284,599 80,584 2,289.097 7,936 T o t a l ............................................. $ 3 , 1 6 2 , 2 1 6 $ 8 ,0 2 3 ,8 3 8 $ 8 ,0 9 3 ,2 7 1 THK GHKONIOL.B F e b r u a r y 1, 1902. | 243 Excelsior Trust <fc Havings Fulfil (Phila.). Colonial Trust Co. (Philadelphia). R esources—D e o . 8 1 , 1 9 0 1 . — Real e s t a t e m o r t g a g e s , $ 4 5 , 8 0 9 : s t o c k s a n d b o n d s , $ 7 5 , 3 2 5 ; lo a n s o n c o l l a t e r a l , $ 3 8 2 , 8 4 5 ; r e a l e s t a t e , $ 9 5 , 0 5 0 ; fu r n i t u r e a n d f i x t u r e s , $ 1 5 , 8 0 5 ; c a s h o n u a n d a n d In b a n k s , $ 5 5 , 8 5 4 ; o t h e r a s s e t s , $ 4 4 , 7 0 0 ; t o t a l , $ 0 0 5 ,5 0 8 . R e s o u r c e s - N o v . 2 5 , 1 9 0 1 . — C a s h o n h a n d ,$ 7 , 3 5 3 ; dm-, fr o m b a n k s , o le ,, $ 2 9 , 5 3 8 ; lo a n s u p o n c o l l a t e r a l , $ 4 5 , 5 0 0 ; s t o c k s , b o n d s , e t c ., $ 1 2 5 , 5 3 8 ; m o r t g a g e s , $ 1 0 3 , 5 1 0 ; re a l e s t a t e , fu r n i t u r e a n d fix t u r e s , $ 2 7 , 8 8 0 ; o th e r a s s e t s , $ 3 , 0 9 2 ; t o t a l , $ 4 8 3 ,0 5 0 . L ia b il it ie s —C apital stoolc, $213,1 8 0 ; p ro fit and loss, $ 1 1 ,0 0 1 ; gen" oral d ep osits, $437,304; total, $005,508. Liabilities - -C a p it a l s t o c k , $ 1 5 0 ,0 0 0 ; u n d iv id e d p r o fits a n d fu n d , $ 3 , 3 8 0 ; d e p o s it s , $ 2 7 0 , 0 0 7 ; t o t a l , $ 4 8 3 , 0 5 0 . Columbia Ave. Sav. Fund, Halo Hop., Title & Tr. (PhUu.). N o v . 2 5 ,'0 1 . m a y 2 2 ,'0 1 . N o v . 1 9 , '0 0 . 8 9 ,3 6 7 2 1 1 ,6 3 5 3 1 4 ,1 6 0 3 8 1 ,0 9 2 5 0 1 ,4 2 5 1 3 ,2 8 6 $ 1 6 ,8 0 5 5 6 ,5 8 6 6 ,5 0 0 8 8 ,0 6 7 1 9 1 ,5 2 3 3 1 6 ,1 6 0 3 9 0 ,8 3 0 4 7 2 .0 7 3 3 8 ,0 0 8 $ 1 3 ,0 4 3 1 5 4 ,0 0 5 7 ,5 0 0 1 2 2 ,2 5 0 1 9 5 ,2 8 0 2 1 4 ,6 5 8 2 8 3 ,9 5 9 4 8 0 ,0 8 0 3 0 ,5 7 5 T o t a l .................................... $ 1 , 6 8 3 , 5 4 6 $ 1 ,5 7 6 ,0 5 2 $ 1 ,5 3 1 ,3 5 6 $ 4 0 0 ,0 0 0 8 2 ,3 7 7 1 ,0 2 0 ,9 1 2 5 0 ,0 0 0 1 3 ,7 6 3 $ 4 .0 0 ,0 0 0 6 6 ,9 6 1 1 ,0 0 0 , 1 0 4 5 0 ,0 0 0 14 291 R esources— Cash on h and................................ D u e from banks, e t o ................... C om m ercial and o th e r p a p e r .. L oans u p on colla tera l ....... L oans upon bon ds and m tgs . S tock s, bon ds, e to ....................... M o rtg a g e s...................................... R eal estate.fu rn itu re& fixtu res O ther a sse ts .................................. $ 2 1 ,8 7 0 1 5 0 ,7 1 1 L ia b il it ie s — C ap ital s to c k ............................... U n d iv i’ d p ro f. & reserv e fund. D e p o sits......................................... B ills p a y ., oert. o f dep. w ith ool. O th er lia b ilitie s ........................... $ 4 0 0 ,0 0 0 9 2 ,7 2 0 1 ,1 1 6 ,9 3 2 5 0 ,0 0 0 2 3 ,8 9 4 $ 1 ,5 7 6 ,0 5 2 T o t a l .................................... $ 1 , 6 8 3 , 5 4 6 $ 1 ,5 3 1 ,3 5 6 Statistics for Calend ar Y e a r — 1901. T ota l o f p rofits fo r y e a r , ......... In terest cred ited d ep ositors d u rin g y e a r ...................................... 26,665 E xp en ses o f in stitu tion sam e p e r io d ............................................... 39,186 A m ou n t d ep osits re ce iv in g in te re s t................................................ 1,166,932 R ate o f in terest p aid o n d e p o s i t s .____ 2% on ca ll; 3% 2 w e e k s’ notioe. Commercial Trust Co. (Philadelphia). R esources — N o v . 2 5 ,’01. M a y 2 2 ,’ 01. N o v .1 9 ,’00 Cash on hand - .............................. $1 2 ,7 5 7 $ 9 ,9 7 5 $8,373 D u e from hanks, e t o ................. 2 10,992 5 4 8 ,8 8 9 529,251 C om m er’ l & o th e rp a p e r o w n e d .......................................... 50,000 L oans u p on co lla te ra l................ 7 ,0 4 3 ,3 7 7 7 ,0 1 4 ,8 2 6 6.087,311 S tock s, b on d s, e t o ......................... 1 ,1 6 6 ,8 7 7 1 ,411,205 1,393,790 ..................... 8,124 F urn itu re, fixtu res & v a u lt— 27,123 Other assets.................................... 4 1 7 ,7 5 4 68,861 139,445 T o ta l............... $ 8 ,8 7 8 ,8 8 0 L ia b ilitie s — C apital stock .................................. $1,000,000 Surplus and reserv e fu n d ......... 1,000,000 U n d ivid ed p r o fits ....................... 21 8 ,3 3 6 D ep osits su b ject to ch e ck ......... 6,528,198 O ther liabilities............................. 132,346 $ 9 ,0 5 3 ,7 5 6 $8,216,294 $ 1 ,000,000 1 ,0 0 0 ,0 0 0 1 4 0 ,0 9 7 6,830,533 8 3,126 $1,000,000 1,000,000 102 270 6,,040,421 73,603 T o t a l...................................... $ 8 ,8 7 8 ,8 8 0 $ 9 ,0 5 3 ,7 5 6 $8,21 6 ,2 9 4 Commonwealth Title Insurance & Trust (Phila.). R esources — D e c . 3 1 , ’01. R ea l estate m ortg a g es................ $384,292 B on d s............................................. 1,588,131 L oan s on c o lla te r a l..................... 1 ,9 6 6 ,0 3 2 R ea l e s t a t e .................................... 79 8 ,4 2 9 Cash on h a n d ................................. 138,590 Cash on d e p o sit............................ 7 1 0 ,5 8 0 O ther a sse ts................................... 1 77,597 J u n e 3 0 ,’ 01. D e c . 31, '00. $ 3 8 8 ,2 5 5 $ 2 0 3 ,8 0 0 1 ,731,003 1,251,675 1 ,634,875 1,711,222 7 67,869 427,782 111,445 214,361 7 6 2 ,8 0 4 562,791 1 99,853 239,140 T o ta l..................... ............... $5,763,651 L iabilities — C apital stock p aid i n ................ $ 7 4 6 ,4 9 5 Surplus and reserv e fu n d ......... 6 96,495 U n d ivid ed p ro fits........................ 4 9 ,0 9 0 D e p o s its ,....................................... 4 ,240,976 O ther lia b ilities........................... 3 0 ,5 9 5 $ 5 ,5 9 6 ,1 0 4 T o ta l..................................... $ 5 ,763,651 $ 5 ,5 9 6 ,1 0 4 2%. N o t e .— A $4,610,771 $ 5 00,000 4 5 0 ,0 0 0 18,851 4 ,5 8 5 ,4 6 8 41,785 $ 5 0 0,000 450,000 10,993 3,620,758 29,020 $4,610,771 e s o u r c e s — D R eal estate m o r t g a g e s ............. S tock s and b o n d s ....................... L oans o n c o l l a t e r a l .................. F u rn itu re and fix tu re s ............ . Cash on hand and in b a n k ....... O v erd ra fts..................................... Other assets.................................. e c .3 1 ,’0 1 . $ 8 3 8 ,5 6 4 451,146 1,462,823 10,274 2 66,464 J05 30,872 T o ta l..................................... L ia b il it ie s $470,490 129,829 673,786 1,595,952 189,883 308 T o ta l...................................... Equitable T ru st J une 30,’ 01. $ 7 5 6 ,6 5 6 451.066 1,304,211 11,032 3 3 3 .0 6 7 266 20,591 D ec . 3 1 ,’00. $616,558 234,807 886,945 8,667 552,140 45 21,615 $2,876,889 $2,320,777 $ 4 01,630 102,026 5 27,192 1,562,710 282,928 403 $327,890 77,001 678,374 1,091,620 145,576 316 $2,87 6 ,8 8 9 $2,320,777 Company (Philadelphia). D E C .3 1 ,’01. $139,276 873,945 2,507,847 4 95,168 55 0 ,1 7 0 208,423 M a y 2 2 ,’01. $ 2 3 2,399 9 0 2 ,2 6 0 2,581,974 4 30.983 758,085 2 3 3 ,6 3 0 N o v .1 9 ,’00. $ 2 41,476 927,758 1,960,099 409,590 686,832 270,488 $4,774,829 $5,142,331 $4,496,243 C apital sto ck ................................ $ 1 ,0 0 0 ,0 0 0 Surplus and reserve f u n d ....... 2 00,000 U n divided j i r o f l t s .. .. ................ 60,380 G en eral d e p o sits......................... 3,514,255 O ther lia b ilitie s ........................... 194 $ 8 8 1 ,8 3 0 3 0 0 ,0 0 0 7,153 3,952,071 1,277 $ 5 00,000 300,000 5 ,4 5 o 3,644,821 45,9t>5 e s o u r c e s — Real estate m o rtg a g e s.............. S tock s and bonds ........... ......... L oans oti c o lla t e r a l.................... Real e s t a t e ................................... C ash on hand and in b a n k s ___ O th er a sse ts.................................. T o ta l..................................... L D e c .3 1 ,’01. Real estate m ortga g es................ $ 1 ,3 6 7 ,500 S tock s and b o n d s ......................... 8 ,015,298 L oans on c o lla te r a l......... .......... 13,123,785 R»-al estate ................................ 817,4 8o 1,009,909 Cash on hand................................. Cash on d e p o s it ............................ 1,775,762 O ther a s s e ts .................................. 07 ,490 M a t 2 2 ,'0 1 . N o v . i 9 , ’oo. $1,1 0 4 ,1 5 0 $1,1 4 9 ,4 0 0 8,924,181 8,253,017 12,4 14,027 11,402,400 811,557 811,557 1 ,0 0 0 ,119 1,004,503 2,097,535 2,852,592 35,353 40,907 T o ta l.......................................$ 2 7 ,0 7 7 ,2 3 3 L ia b il it ie s — C apital s to c k ................................. $ 2 ,0 0 0 ,000 Surplus f u n d ................................. 3,000 ,000 U n d ivid ed p r o fits ......................... 9 21,135 Gen. dep payable on d em a n d . 20,70 2 ,827 O ther lia b ilities........... ............... 4 5 3 ,2 7 1 $20,447,522 $25,014,502 $2,0 0 0 ,0 0 0 3,000,000 674,701 20,614,232 158,589 T o ta l..........................$ 27,077,233 $2,000,000 3,000,000 471,863 19,378,511 164,128 $ 2 6 ,4 4 7 ,5 2 2 $25,014,502 Finance Co. of Pennsylvania (Phila.). R esources— N o v . 2 5 ,’0 i . M 2 2 ,'0 1 . ay Cash on h a n d .................... $ 5 ,1 2 2 D u e from hanks, e t c ............ 4 19,751 C om ’l and oth er p a p er o w n e d . 135,000 L oan s upon c o lla te r a l... 1 ,2 3 5 ,2 0 4 Stocks, bonds, e to ............ 4 ,098,006 O ther a ssets...................... 813 N o v . 1 9 , '0 0 . $4 ,1 7 7 433,351 302,500 1 ,5 3 s ,296 3,945 258 113,598 $5,616 469,172 120,000 1,919,671 4,462,411 5,496 Total. .................................. $ 5 ,8 9 3 ,8 9 8 L iab ilities — C apital s to c k ................................ $ 3 ,4 9 5 ,3 00 U ndivided profits & res. fu n d . 5 59,350 D e p o s i t s ....................................... 1,834,746 O ther lia b ilitie s ........................... 4,500 $6,3 3 7 ,1 8 0 $6,9 8 2 ,3 6 6 $3,6 1 7 ,9 0 0 478,050 2,241,230 .................... $3,654,400 567,617 2,759,921 428 T o ta l..................................... $ 5 ,8 9 3 ,8 9 6 $6,3 3 7 ,1 8 0 $6,982,366 Frankford Real Estate, Tr. & Safe Dep. (Phila.) R esources— D ec . 3 1 , ’0 1 . M a t 2 2 ,’ 01. D ec.3 1 , ’ 0O . R ea l estate m o rtg a g e s.............. S tock and b on d s........................... L oans on colla tera l .................. L oans on p erson a l s e c u r itie s .. R eal esta te..................................... Cash on h a n d ....... ........................ Cash on d e p o sit........................... Other a s s e t s ................................. $ 2 2 4 ,6 6 0 4 6 3 ,9 75 1 3 8 ,4 8 1 10,905 10 ,5 00 18 ,1 06 76,498 125 $222,816 421,863 149,086 8,825 10,625 1 9 ,1 3 7 54,093 246 $217,426 377,424 115,770 10,375 12,054 16,726 57,219 125 T o ta l..................................... L iabilities — C apital s to c k ................... Surplus and reserv e fu n d ......... U n divided p r o fits ....................... G eneral d ep osits p a y a b le on d em an d and tim e .................... Other lia b ilitie s........................... $ 9 4 3 ,2 5 0 $880,681 $807,119 $ 1 2 5 ,0 0 0 10,000 2 6 ,1 4 9 $ 1 2 5 ,0 0 0 10 ,0 0 9 24,748 $12 5 ,0 0 0 10,000 18,069 7 7 8 ,9 76 3,1 25 726,933 ............. 650,925 3,125 T o ta l..................................... $ 9 4 3 ,2 5 0 Statistics for Calend ar Y ea r — Increase p rofit and loss fo r y e a r ....................... In terest cred ited d ep ositors du rin g y e a r .___ E xp en ses o f in stitu tion sam e p e r io d ............... A m ou n t dividen d s on co m p a n y ’ s stock , 5% .. A m ou n t d ep osits re c e iv in g in t e r e s t .............. R ate o f in terest p a id on d e p o sits...................... $ 8 9 6 ,6 8 1 1901. $8,081 17,503 *11,643 6,250 812,068 2 <fc 3% $80 7 ,1 1 9 1900. $5,258 14,234 *11,007 6,250 696,759 2 & 3% * In clu d es prem ium p aid o ff on bon ds in 1900, $ 3 ,7 5 2 ; in 1901, $4,235. — C apital s to c k ................................ U n d iv i’d p rof. & reserv e fund. D eposits sp ecia l ........... ........... Gen. dep. p a y a b le on dem and. D eposits sp ecia l s e ttle m e n t... Other lia b ilitie s ........................... R Fidelity Trnst; Co. (Philadelphia). resources— l l d e p o s it s r e c e i v e i n t e r e s t a t t h e r a t e o f Continental Title & Trust Co. (Phila.). R reserve ia b il it ie s — $ 4 ,4 9 6 ,2 4 3 T o t a l....... ................ . .......... $1,774,829 $5,142,331 No te C om p an y is pa y i ng 6 p er ce n t dividen ds. In te re st Is paid on all dep oslte at th e rate o f 2 per cen t on sight dep osits and 2 Js p er en t on ti me dep osits. German-American Title & Trust Co. (Phila.). R 22, ’01. N o v . 1 9 ,’0 0 . $ 1 1 ,0 7 1 1 6 0 ,5 2 9 4 1 6 ,5 9 8 4 ,1 5 0 1 5 5 ,4 3 3 5 2 5 ,4 6 6 4 0 4 ,8 8 5 3 8 ,8 1 0 $ 1 3 ,9 9 7 1 4 2 ,8 3 8 4 0 0 ,6 3 5 2 0 ,6 5 0 1 6 0 ,9 3 3 4 9 3 ,1 7 9 4 1 0 ,4 8 9 4 0 ,6 5 8 $ 1 3 ,2 3 7 1 0 4 ,9 3 3 4 8 0 ,0 4 3 2 3 ,5 0 0 1 5 0 ,0 0 8 3 8 9 ,6 7 6 3 8 8 ,2 6 8 4 1 ,2 5 8 T o t a l .............................................. $ 1 , 7 1 6 , 9 4 2 $ 1 ,6 8 3 ,3 7 9 $ 1 ,5 9 0 ,9 2 3 $ 5 0 0 ,0 0 0 7 3 ,1 1 9 1 ,1 4 0 , 4 1 1 3 ,4 1 2 $ 5 0 0 ,0 0 0 6 7 ,6 1 9 1 ,1 0 9 ,3 1 6 6 ,4 4 4 $ 5 0 0 ,0 0 0 6 0 ,3 9 3 1 ,0 2 7 , 3 7 3 3 ,1 5 Y T o t a l .............................................. $ 1 , 7 1 6 , 9 4 2 $ 1 ,6 8 3 ,3 7 9 $ 1 ,5 9 0 ,9 2 3 e s o u r c e s - N o v . 2 5 ,’01 . C a sh o n h a n d ....................................... D u e fr o m b a n k s , e t o .................. L o a n s u p o n c o l l a t e r a l.................... L o a n s u pon bonds an d m tg e s. S t o c k s , b o n d s , e t c ............................ M o r t g a g e s ............................... .............. R e a l e s t a t e ,! u r n it u r e & f ix t u r e s O th e r a s s e t s ........................................ L ia b il it ie s M ay — C a p it a l s t o c k ...................................... U n d iv id e d p r o fits & r e s . f u n d . D e p o s i t s .................................................. O th e r l i a b i l i t i e s ................................. Germantown Trnst Co. * (Phila.). R esources— N o v . 2 5 ,’0 1 . 2 2 .’0 1 . NOV. 1 9 , ’0 0 . $ 7 6 ,8 2 9 3 3 1 ,2 6 9 1 ,6 0 0 ,8 6 4 1 0 4 ,2 4 6 4 9 9 ,2 4 1 1 9 2 ,6 1 1 1 3 4 ,4 .6 8 2 ,5 9 6 $ 7 2 ,6 7 0 2 4 8 ,9 8 1 1 ,4 0 3 ,0 6 6 9 0 ,0 4 6 4 7 1 ,8 6 0 1 8 5 ,0 7 0 1 3 4 ,6 7 8 3 ,4 9 8 $ 8 5 ,3 6 6 4 2 8 ,3 2 5 1 ,5 3 1 ,8 6 6 7 8 ,9 9 6 4 2 2 ,4 3 6 1 4 3 ,8 0 7 1 3 0 ,7 4 7 4 ,0 4 0 T o t a l .............................................. $ 2 , 9 4 2 , 1 2 4 $ 2 ,6 0 9 ,8 6 9 $ 2 ,8 3 1 ,5 8 3 $ 3 0 0 ,0 0 0 2 0 2 ,9 6 3 2 , 1 0 6 ,9 0 b $ 3 0 0 ,0 0 0 1 8 3 ,0 4 4 2 ,3 4 8 ,5 3 9 C a s h o n h a n d ....................................... D u e f r o m b a n k s , e t o ...................... L o a n s u-pon c o l l a t e r a l ................. L o a n s u pon b on d s and m tg e s. S t o c k s , b o n d s , e t o ....................... M o r tg a g e s ..................................... R e a l e s t ., f u r n it u r e & fix tu r e s . O th e r a s s e t s ......................................... L ia b il itie s — C apital s t o c k ........... ............................ U n d i v ’ d p r o f . & r e s e r v e f u n d .. D e p o s i t s ........................ ........ .............. $ 4 8 7 ,5 9 1 3 3 6 ,3 7 8 2 ,1 1 8 ,1 5 5 M ay $ 2 ,8 3 1 ,5 8 3 $ 2 ,6 0 9 ,8 6 9 T o ta l..................................... $ 2 , 9 4 2 , 1 2 4 * F orm erly G erm a n tow n R eal E sta te, D ep osit & T rust C om pany. 244 1H B C H R O N IC L E , tHrard Truisi Co. (Philadelphia). READ OBOES— 31, ’01, N o v . 1 9 ,’00. $ 4 ,3 2 9 ,9 1 9 1 0 ,9 8 4 ,9 0 8 9 ,2 8 7 ,0 8 5 1 ,8 0 1 ,* > 2 4 1 2 ,3 0 0 $ 5 ,7 3 8 ,9 5 6 15 ,8 7 0 , 4 1 0 8 ,3 9 6 3 9 6 1 ,9 0 2 ,0 5 3 1 2 ,3 0 0 $ 3 ,8 2 4 ,1 8 7 9 ,8 8 0 ,6 9 6 7 ,2 5 8 ,0 0 3 1 ,9 2 0 ,4 1 1 2 0 6 ,9 4 8 $ 3 2 ,4 1 6 ,0 9 6 $ 3 1 ,9 2 0 ,3 1 5 $ 2 3 ,0 9 0 ,2 4 5 .. , ,. ., T o t a l ......... ............................... Investment Company (Philadelphia), J ONE 3 0 , ’ 0 1 . D C a s h o n h a n d a n d in b a n k s . L oan **. S e c u r i t i e s .................. . H eal, e s t a t e ...................... .. O tlitfl1 4 .......... .. ec. [V ol. L X X IV , RESOo b o e s — N o v . 2 5 , ’0 1 , 2 2 , ’01. N o v . 1 9 , ’0 0 . $ 1 ,4 6 8 2 3 0 ,5 1 7 5 ,0 0 0 8 9 4 ,9 7 7 2 ,0 8 0 , 6 6 9 2 8 4 ,0 2 9 $995 5 1 ,6 1 7 1 2 0 ,5 8 8 4 9 7 ,6 5 8 2 .1 0 9 ,7 7 1 1 ,8 8 4 $ 3 ,4 9 6 ,6 6 0 $ 2 ,8 8 1 ,5 1 3 $ 1 ,9 9 8 ,0 5 0 1 ,0 0 0 ,0 0 0 1 4 1 ,2 2 7 8 3 6 ,6 2 7 $ 1 ,5 9 2 ,2 6 2 5 9 4 ,6 3 2 4 7 6 ,8 7 6 8 3 2 ,3 1 0 580 580 $ 8 0 0 ,0 0 0 3 1 0 ,3 0 4 3 4 6 ,3 3 3 2 7 4 ,3 6 6 6 5 8 ,0 0 0 4 .9 0 ,1 2 5 2 ,3 8 5 $ 3 ,4 9 6 ,6 6 0 $ 2 ,8 8 1 ,5 1 3 C a s h o n h a n d ........................................ D u e f r o m b a n k s , e t c . ................ .. O o in m e r ’ l <& o t h e r p a p e r o w n e d L o a n ® u p o n c o l l a t e r a l . . . ........... S t o c k s , b o n d s , e t c ............................ O ther a s s e t s . . . . . . M T o t a l . . .................. ............... L lA BI LIT IKS — C a p i t a l s t o c k ................................... . . S u r p lu s f u n d ................................... .. Undivided, p m f i t s ______ ______ d e p o s i t s .................. .......................... . . D iv id e n d ..... ............................. O ther l i a b i l i t i e s ............. ............... T o ta l $ 2 ,5 0 0 ,0 0 0 7 ,5 0 0 ,0 0 0 * 8 9 ,6 2 9 2 1 ,7 3 3 ,8 4 7 * 2 4 2 ,6 2 0 $ 2 ,0 0 0 ,0 0 0 5 ,0 0 0 ,0 0 0 8 1 2 ,7 9 6 2 4 ,1 0 7 ,5 1 9 $ 2 ,0 0 0 ,0 0 0 5 ,0 t i 0 ,0 0 0 7 0 2 ,4 2 3 1 4 ,9 6 0 ,7 1 7 4 1 8 ,1 0 5 ............... ..................... . $ 3 2 , 4 1 6 , 0 9 6 $ 3 1 ,9 2 0 ,3 1 5 L ia b il it ie s $ 2 3 ,0 6 0 ,2 4 5 T o t a l ............................. .............. (guarantee Trust & Safe Deposit (Philadelphia). RESOURCES— N o v . 2 5 ,’01. Land, 2 2 , ’0 1 . N o v . 1 9 ,’00. $ 1 2 3 ,5 6 9 ,6 6 7 ,5 8 6 4 ,7 3 5 ,5 8 4 $43; 219 6 3 9 ,4 8 1 5 ,1 5 4 ,2 6 8 $ 4 2 ,1 4 0 8 7 0 ,0 9 2 4 ,5 3 4 ,3 6 5 3 6 ,8 8 0 1 ,3 3 7 ,8 2 3 3 7 4 ,7 5 0 1 7 ,6 8 0 1 ,1 9 3 ,7 1 8 4 0 4 ,5 0 0 1 5 ,8 8 0 1 ,4 0 0 , 0 4 8 5 6 5 ,3 0 0 7 1 2 ,7 5 8 1 7 ,9 9 3 7 2 3 ,0 2 7 2 0 ,0 5 4 6 9 2 ,5 5 9 3 1 ,8 6 3 M ay R T o t a l ............. .............................. ia b il it ie s $ 8 ,0 0 6 ,9 4 3 $ 8 ,1 9 5 ,9 4 7 $ 8 ,1 5 2 ,2 4 7 — C a p i t a l s t o c k ....... ........................... P r o f it a n d l o s s a c c o u n t .............. U n d i v i d e d p r o f i t s . . . ......... ............ D e p o s its . . ............................. .. O t h e r l i a b i l i t i e s .................. ............. T o t a l . ........................ ................. $ 1 ,0 0 0 ,0 0 0 7 1 2 ,3 7 6 1 4 7 ,1 7 0 6 ,1 4 5 ,4 7 8 1 ,9 1 9 $ 1 ,0 0 0 ,0 0 0 7 7 9 ,7 9 0 6 5 ,8 3 1 6 ,3 4 8 ,4 0 7 1 ,9 1 9 $ 1 ,0 0 0 ,0 0 0 7 2 9 ,1 3 6 1 2 3 ,3 1 5 6 ,2 9 6 ,8 7 7 2 ,9 1 9 $ 8 ,0 0 6 ,9 4 3 $ 3 ,1 9 5 ,9 4 7 $ 8 ,1 5 2 ,2 4 7 Hamilton Trust Co. (Philadelphia), R e s o u r c e s — N o v . 2 5 , 1 9 0 1 .— C ash on b a n d , $ 3 3 ,5 3 7 ; c h e c k s a n d o t h e r c a s h i t e m s , $ 6 , 8 5 4 ; d u e f r o m h a n k s , e t c ., $ 2 3 . 1 3 6 ; c o m m e r c i a l a n d o th e r p a p e r o w n e d , $ 1 7 1 ,6 2 3 ; lo a n s u p o n c o lla t e r a l, $ 1 1 3 ,0 7 0 ; s t o c k s , b o n d s , e t c ., $ 1 0 6 , 3 8 6 ; m o r t g a g e s , $ 5 0 0 ; r e a l e s t a t e , fu r n it u r e a n d f ix t u r e s , $ 4 8 , 7 6 2 ; t o t a l , $ 5 0 1 , 8 6 8 . L i a b i l i t i e s — Oapita-1 s t o c k , $ 6 5 , 0 0 0 ; u n d i v id e d p r o fits a n d r e s e r v e f u n d , $ 1 1 5 ; d e p o s it s , $ 3 8 8 , 7 5 3 ; b i l l s p a y a b l e , $ 5 0 , 0 0 0 ; t o t a l , $ 5 0 3 ,- e s o u r c e s — N o v .2 5 ,’0 l . C a s h o n h a n d . . . . . . ......... ................. D u e f r o m h a n k s , e t c ...................... L o a n s u p o n c o l l a t e r a l .................. L o a n s u p on bond s and m o rt g a g e s ........................... G r o u n d r e n t s ....................................... S t o c k s , b o n d s , e t c . . . . .......... I n s t a l m e n t m o r t g a g e s ............ M o r t g a g e s ........................................ R e a l e s ta te , fu r n itu r e a n d fix t u r e s ............ ............................................ G i b e r a s s e t s .................................. T o t a l ........... ............... 2 2 , ’01 . N o v . 19, ’00 . $ 3 0 0 ,5 2 9 1 ,5 5 9 ,1 1 7 2 ,9 9 3 ,6 4 8 5 5 2 ,1 2 4 1 ,0 5 7 ,5 0 9 4 4 7 ,7 3 0 1 ,1 3 ? ,4 0 1 3 2 8 ,5 9 3 $ 2 5 7 ,9 9 0 1 ,5 5 4 ,3 6 5 2 ,6 0 9 ,4 1 5 2 4 0 ,9 3 9 7 2 8 ,2 5 7 4 6 2 ,5 0 0 1 ,1 3 2 ,4 0 1 3 1 9 ,0 1 3 T o t a l ................. ................... $ 8 , 4 7 8 , 1 3 1 $ 9 ,3 7 1 .,9 5 1 $ 7 ,3 9 4 ,8 8 0 ia b il it ie s M ay — C a p i t a l s t o c k . ..................................... $ 1,000,000 3 0 0 .0 0 0 6 8 9 ,7 0 4 6 ,1 3 8 ,4 2 7 3 5 0 .0 0 0 $ 1 ,0 0 0 ,0 0 0 3 0 0 ,0 0 0 5 3 1 ,0 8 5 6 ,1 5 5 ,3 6 7 3 8 5 ,4 9 9 $1,000,000 Surplus a n d r e s e r v e fu n d ......... $ 8 ,4 7 8 ,1 3 1 $ 8 ,3 7 1 ,9 5 1 $ 7 ,3 9 4 ,8 8 0 U n d iv id e d p r o f i t s .............. .............. D e p o s i t s ___ O th e r l i a b i l i t i e s ............................... T o t a l . . . . . . ........................... 3 0 0 ,0 0 0 4 0 9 ,5 7 8 5 ,2 9 2 ,6 0 4 3 9 2 ,6 9 8 Lincoln Sayings & Trust Co. (Philadelphia). R e s o u r c e s —N o v . 25, 1 9 0 1 ,— C a s h o n h a n d , $ 5 ,0 8 4 ; d u e f r o m h a n k s a n d b a n k e r s , $ 4 0 ,7 4 5 ; lo a n s u p o n c o l l a t e r a l , $ 5 7 ,0 9 5 ; lo a n s u p o n b o n d s a n d m o r t g a g e s , $ 1 6 ,3 6 1 ; m o r t g a g e s , g r o u n d r e n t s , e t c ., $ 1 8 1 ,1 8 4 ; r e a l e s t a t e , f u r n i t u r e a n d f i x t u r e s , $ 1 0 ,4 2 5 ; o t h e r a s s e t s , $ 1 5 ,6 4 9 ; t o t a l , $ 3 2 6 ,5 4 3 . L i a b i l i t i e s - C a p ita l s to c k , $ 1 3 2 ,0 0 0 ; d e p o s it s , $ l t > 6 ,9 7 0 ; t o t a l , $ 3 2 6 , 5 4 3 . N o t e . - C o m p a n y p a id 4 % i n t e r e s t o n d e p o s it s . u n d i v id e d p r o f it s , $ 2 7 , 5 7 3 ; o n i t s s t o c k in 1 9 0 1 a n d 'p a i d 2 a n d 3 % ia b il it ie s M ay 2 2 ,’01. N o v . 1 9 ,’00. $ 3 9 ,0 4 6 2 8 7 ,5 9 8 1 ,0 6 2 ,3 5 6 * 1 2 ,8 7 3 2 4 1 ,2 2 5 5 0 7 ,9 5 9 3 9 ,2 0 0 2 8 0 ,5 5 0 2 6 4 ,9 3 6 2 1 ,3 2 0 7 4 9 ,3 2 6 2 8 ,3 0 0 4 7 4 ,v 5 0 2 5 0 ,7 8 4 6 ,6 0 5 5 8 2 ,5 5 1 3 0 ,3 0 0 5 0 0 ,2 0 0 2 1 7 ,3 1 7 6 ,9 7 5 6 7 9 ,8 8 0 2 0 2 ,0 6 6 1 3 ,0 5 2 2 0 3 ,5 2 7 1 2 ,5 6 1 £ 0 3 ,5 2 6 2 ,1 3 0 $ 3 ,0 5 2 ,1 0 0 $ 2 ,9 4 7 ,5 7 8 $ 2 ,4 0 2 ,3 8 5 N o v . 1 9 /0 0 . $ 6 ,6 3 5 1 3 8 ,7 7 6 5 4 2 .8 6 5 2 2 5 ,8 4 3 2 1 1 .4 5 6 4 9 ,5 4 3 3 6 ,2 0 2 $ 8 ,7 6 0 1 8 3 ,6 7 0 6 5 5 ,9 2 5 2 3 7 ,0 4 7 2 1 3 ,1 6 2 4 9 ,8 3 2 4 2 ,2 1 0 $ 6 ,1 3 1 8 9 .1 3 9 5 1 1 ,7 5 0 2 1 6 ,2 7 7 1 6 6 ,7 8 4 9 5 ,8 1 3 4 5 ,1 4 1 T o t a l.,.... . . . . . . . . . . . . . . . . $ 1 ,2 1 1 ,3 2 0 $ 1 ,3 9 0 ,6 0 6 $ 1 ,1 3 1 ,0 3 5 $ 2 5 0 ,0 0 0 5 0 ,0 0 0 3 9 ,3 7 7 8 7 1 ,9 4 3 $ 2 5 0 ,0 0 0 50, " '0 4 5 ,8 1 2 1 ,0 4 4 ,7 9 4 $ 2 5 0 ,0 0 0 50,< 0 0 3 4 .1 5 1 7 9 6 .8 8 4 $ 1 ,2 1 1 ,3 2 0 $ 1 ,3 9 0 ,6 0 6 $ 1 ,1 3 1 ,0 3 5 $ 3 5 0 ,0 0 0 2 5 0 ,0 0 0 6 4 ,7 6 9 2 ,2 8 2 ,8 0 9 $ 3 5 0 ,0 0 0 2 3 0 ,0 0 0 6 0 ,4 2 5 1 ,7 6 1 ,9 6 0 N o v . 2 5 /0 1 . M ay L ia b il it ie s — C a p ita l s t o c k ..................................... S u r p lu s a n d r e s e r v e f u n d ____ U n d iv id e d p r o f i t s ............................. D e p o s i t s . . . ............................................ T o t a l . . . ............................. . — T o t a l . . . . . . . . . ............ $ 3 5 0 ,0 0 0 2 6 0 ,0 0 0 6 9 ,5 9 6 $ 3 ,0 5 2 ,1 0 0 $ 2 ,9 4 7 ,5 7 8 $ 2 ,4 0 2 ,3 8 5 Integrity Title Ins, Trust & Safe Deposit (Phila.). e s o u r c e s 22, ’01. C a s h o n h a n d ....................................... D u e f r o m h a n k s , e t c .................. ... L o a n s u p o n c o l l a t e r a l .................. S t o c k s , b o n d s , e t c . . . . . . . . . ____ M o i t g a g e s ........... .................................. R e a l e s t a t e ,f u r n it u r e & f lx t u r e B O th e r a s s e t s . . . . . .................. ............ R esources— $ 2 3 ,0 1 2 1 7 9 ,0 4 8 1 ,2 7 9 ,6 9 0 C a p i t a l s t o c k ________ _ . . . . . . . . S u r p lu s a n d r e s e r v e f u n d . . . . . . U n d i v i d e d p r o f i t s ................................ D e p o s i t s ...................... 2 ,3 7 2 ,5 0 4 R NOV. 2 5 ,’0 1 . Merchants’ Trust Co. (Philadelphia). Industrial Trust, Title & Sayings Co (Phila.). L — $ 2 9 1 ,2 3 9 1 ,8 0 4 , 6 9 6 3 ,1 7 1 ,9 7 7 5 2 6 ,9 4 9 7 9 8 ,7 7 0 4 2 5 ,6 5 5 1 ,1 3 2 ,4 0 1 3 2 6 ,4 4 4 e s o u r c e s 868. R Title & Trust Co. (Philadelphia). C a sh o n h a n d ..................................... D u e fr o m b a n k s ,e t c ......... .. L o a n s u p o n c o l la t e r a l. .............. L o a n s u p o n b o n d s & in t e e s . . . S t o c k s , b o n d s e t c ............................. M o r t g a g e s ................ . . ........... R e a l e s t ., fu r n i t u r e & f i x t u r e s O th e r a s s e t s ............................... .......... L L — C a p it a l s t o c k .................... . S u r p lu s a n d r e s e r v e f u n d . U n d iv id e d p r o f i t s ........................... D e p o s i t s ................ C o in ’ ] # o t h e r s e c u r . p l e d g e d . . . b i l l s p a y a b l e ________ _________ O th e r l i a b i l i t i e s . . . . ____ . . . ‘•P a y a b le Jan. 2 ,1 9 0 2 . C a s h o n h a n d .................. ......... .... D u e f r o m b a u k s , e t c ........... . . . , L o a n s u p o n c o l l a t e r a l . . ______ Loans upon bonds and m ort g a g e s ......... ....................................... S t o c k s , b o n d s , e t c . ........................... .................... ... . M o r tg a g e s. R e a l e s t a t e , f u r n i t u r e a n d fix t a r e s .................................................... O t h e r a s s e t s .................... .. ay $ 1 ,5 3 5 9 4 ,0 5 8 2 0 ,1 6 7 1 ,4 8 5 ,1 1 5 2 ,0 5 7 ,6 8 6 3 1 7 ,9 2 3 — D R e a l e sta te m o r t g a g e s ......... S to ck s a n d b o n d s ... . . . . . . . . . . . L o a n s o n c o l l a t e r a l .................. Loans on p e r s o n a l se c u r i t i e s ............... . ........................................ R e a l e sta te ................... C a s h o n h a n d ........... ............ . . . . . . . C a s h o n d e p o s i t . . . . . ____ . . . ____ O t h e r a s s e t s . ..................................... ec . 31 , ’01. J u r e 3 0 ,’ O i. D ec Mortgage Trust Co. of Pennsylvania (Phila.), 22, ’01. N o v . 1 9 /0 0 , C a s h o n h a n d ......... .............................. D u e fr o m h a n k s , e t c ...................... C a ll l o a n s u p o n c o l l a t e r a l ......... L o a n s u p o n bonds a n d m tg e s . R e a l e s t a t e . . . . . . . . .............. O t h e r a s s e t s ........................... $ 6 ,0 2 4 1 9 5 ,3 3 1 1 6 0 ,9 3 8 3 ,9 1 6 ,0 4 1 1 2 8 ,9 1 0 6 0 .7 4 8 $ 4 ,4 9 3 1 6 9 ,5 7 6 1 0 5 ,8 2 6 3 ,9 7 3 ,0 0 7 1 4 8 ,9 5 5 6 4 ,4 2 6 $ 3 ,5 1 7 1 4 0 ,6 5 8 1 0 4 ,8 5 1 3 .9 9 7 .4 9 7 1 6 6 .8 5 5 7 0 ,0 0 7 T o t a l ............................................. $ 4 ,4 6 7 ,9 9 2 $ 4 ,4 6 6 ,2 8 3 $ 4 ,4 8 3 ,3 8 5 ’ $ 5 0 0 ,0 0 0 1 5 3 ,4 8 5 1 0 4 ,5 0 7 3 ,7 1 0 ,0 0 0 $ 5 0 0 ,0 0 0 1 3 3 ,6 4 5 9 8 .4 3 8 3 ,7 3 4 ,2 0 0 $ 5 0 0 ,0 0 0 1 1 5 ,1 3 8 9 1 ,9 4 7 3 ,7 7 6 ,8 0 0 $ 4 ,4 6 7 ,9 9 2 $ 4 ,4 6 6 ,2 8 3 $ 4 ,4 S S ,8 8 5 R esources— . 3 1 ,’00. $ 5 7 1 ,0 0 0 9 5 2 .0 0 0 8 2 4 .0 0 0 $ 6 7 4 ,0 0 0 1 ,1 5 8 ,0 0 0 8 2 5 ,0 0 0 $ 5 9 0 ,0 0 0 1 ,2 0 5 ,0 0 0 7 0 0 .0 0 0 3 3 ,7 0 0 2 1 9 ,0 0 0 9 1 ,7 0 0 1 0 1 ,6 0 0 6 ,6 0 0 2 8 ,0 0 0 2 3 0 ,8 0 0 8 7 ,0 0 0 3 5 4 .0 0 0 6,2 0 0 231 500 9 3 ,0 0 0 1 0 6 .0 0 0 5 ,8 0 0 $ 3 ,1 0 9 ,6 0 0 $ 3 ,2 0 1 ,0 0 0 $ 2 ,8 0 3 ,3 0 0 20,000 N ov . 2 5 /0 1 . M ay L ia b il it ie s — C a p it a l s t o c k ........................................ C o n t i n g e n t f u n d ................... .. D e p o s i t s s u b je c t t o c h e c k ........... D e b e n t u r e b o n d s . ............................. T o t a l . . . . . . ................ N o r t h e r n S a y i n g s F o n d , S a f e D e p . .fe T r . ( P h i l a . ) . t'jv ta l...................................... L ia b il it ie s R - C a p i t a l s t o c k ........................ S u r p lu s a n d r e s e r v e f u n d . . . . . . U n d i v i d e d p r o f i t s . . . .................... D e p o s i i s i n irust ............................... G e n e r a l d e p o s it s p a y a b l e o n d e m a n d .................................. O t h e r l i a b i l i t i e s ................................. T o t a l . . . . ............ .............. .. S t a t is t ic s f o r C a l e n d a r Y $ 4 0 0 ,0 0 0 3 0 0 ,0 0 0 9 0 ,0 0 0 9 7 7 ,4 0 0 $ 4 0 0 ,0 0 0 2 5 0 .0 0 0 9 4 3 ,0 0 0 $ 3 7 5 ,0 0 0 2 2 5 .0 0 0 7 0 ,0 0 0 9 0 8 .0 0 0 1 ,3 3 8 ,0 0 0 4 ,2 0 0 1 ,5 0 0 ,0 0 0 1,220,000 8,000 5 ,3 0 0 $ 3 ,1 0 9 ,6 0 0 $ 3 ,2 0 1 ,0 0 0 $ 2 ,8 0 3 ,3 0 0 e a r — T o t a l o f p r o fit s f o r year-.................................. I n t o e s t c r e d it e d d e p o s it o r s d u r i n g y e a r ____ E x p e n s e s o f i n s t i t u t i o n s a m e p e r i o d ................ A m o u n t d iv id e n d s o n c o m p a n y ’ s s t o c k _____ A m o u n t d e p o s it s r e c e i v in g i n t e r e s t . .............. R a t e o f i n t e r e s t p a i d o n d e p o s i t s ...................... .. 1 00.000 1901. 1900. $ 1 0 6 ,5 0 0 5 1 ,5 0 0 2 2 ,0 0 0 2 8 ,0 0 0 2 ,4 3 0 ,0 0 0 2 <& 3 % $ 6 6 ,0 0 0 4 3 ,5 0 0 2 1 ,5 0 0 2 2 ,5 0 0 2 ,1 7 0 ,0 0 0 2 & 3% N o v . 2 5 /0 1 . esources— Ma y 2 2 /0 1 . N ov . 1 9 /0 0 C a s h o n h a n d ____. . . . . . . . . . . . . . . D u e fr o m h a n k s , e t o ., ............. .. L o a n s u p o n c o l l a t e r a l ______ . . . L o a n s u p o n b o n d s a n d m o r t s .. S t o c k s , b o n d s , e t c ............. ............... M o r t g a g e s . . . ............................. . . . . R e a l e s t a t e , f u r n i t ’r e & fixtures O th e r a s s e t s .................. ....................... $ 5 2 ,4 7 8 2 2 1 ,3 9 8 2 ,5 8 0 ,8 6 0 2 5 1 ,3 5 0 1 ,9 7 6 ,2 7 0 2 3 6 ,8 0 6 1 5 0 ,8 1 9 2 ,7 1 3 $ 7 9 ,7 1 6 4 8 1 ,6 0 6 2 ,5 2 7 ,8 8 4 2 7 8 ,1 9 9 1 .7 8 8 ,0 7 4 2 2 9 .5 7 6 1 3 6 ,4 7 0 5 ,1 4 2 $ 6 9 ,8 4 0 5 0 7 ,4 3 5 2 ,2 8 9 ,8 0 1 2 8 8 .7 9 9 1 ,8 3 4 . 1 9 7 4 9 8 ,3 5 4 1 3 6 ,4 7 0 6 ,3 1 5 T o t a l . . . . . . . . . . ......................... $ 5 ,4 8 0 ,6 9 4 $ 5 ,5 2 1 ,6 6 7 $ 5 ,1 2 7 ,0 0 6 $ 5 0 0 ,0 0 0 5 0 0 .0 0 0 5 5 .8 6 2 4 ,4 6 5 ,8 0 5 $ 5 0 0 ,0 0 0 4 2 ,', i W 7 9 .1 8 0 4 ,1 2 7 ,5 1 7 L ia b il it ie s — C a p i t a l s t o c k ........................... S u r p lu s f u n d ........................................ U n d i v i d e d p r o fit s ............................. D e p o s i t s ...................... .......... ................ 1 OtaJL f $ 5 0 0 ,0 0 0 5 0 0 ,1 1 0 0 7 0 .0 6 8 4 ,4 1 0 ,6 3 1 $ 5 ,4 8 0 ,6 9 4 $ 5 ,5 7 1 .6 6 $ 5 ,1 2 .0 0 6 THE F e b r u a r y 1, 1903.] Pa. C o . for ine. o n Lives ami granting' Annuities R esources— N ot . 2 5 ,’0 1 . M C a s h o n h a n d ....................................... $ 0 2 0 ,4 8 4 C h e c k s a n d o th e r c a s h i t e m s . . 4 ,4 0 7 3 ,3 4 7 ,2 0 7 D a e f r o m b a n k s , & c ...................... C o m m e r c ia l a n d o th e r p a p e r ............................... L o a n s u p o n c o l l a t e r a l . . . ........... 7 ,0 3 3 ,0 7 9 S t o c k s , b o n d s , & o ___ . . . _____ . . . . 4 ,9 0 5 ,5 0 2 M o r t g a g e s ,. .....................................1 ,0 2 9 ,1 (S3 R e a l e s t a t e , fu r n it u r e a n d f i x t . 9 5 0 ,0 1 4 O th e r a s s e t s ................................... . . 2 ,8 2 3 ,7 6 3 T o t a l ..................... N o v . I9 ,’ 00. '$ 6 3 1 ,3 4 8 3 ,0 0 5 2 ,3 2 0 ,0 2 0 $ 0 6 9 ,7 8 8 3 /1 0 4 i ,9 7 2 ,3 0 7 5 0 0 ,0 0 0 7 ,1 2 4 ,5 7 9 3 ,0 6 6 ,0 2 7 1 . 5 0 9 ,9 8 3 9 4 9 ,0 0 3 8 ,8 0 8 ,8 7 9 100,000 $ 2 0 ,3 5 1 ,1 5 1 T o t a l ............................. is c a l Y ear J u n e 3 0 /0 1 . $ 1 7 9 ,0 4 4 9 4 8 ,1 9 1 1 ,6 8 4 ,2 6 4 5 8 1 ,2 0 9 4 4 ,4 0 4 0 5 8 ,8 6 0 2 1 2 ,6 3 1 $ 4 ,4 4 3 ,5 2 0 $ 4 ,3 0 8 ,6 0 3 $ 4 ,8 2 1 ,4 7 8 $ 1 ,0 0 0 ,0 0 0 2 0 0 ,0 0 0 5 8 ,6 7 3 3 ,1 5 3 ,4 9 7 3 1 ,8 5 0 $ 1 ,0 0 0 ,0 0 0 2 0 0 ,0 0 0 3 3 ,0 4 7 3 ,0 4 7 ,9 4 8 2 7 ,6 0 8 $1 , 0 0 0 , 0 0 0 1 5 0 ,0 0 0 3 9 ,5 0 7 3 ,) 0 2 , 8 3 9 2 9 ,1 2 7 T otal ............. .................. . $ 4 , 4 4 3 , 5 2 0 Sta tistic s f o r C a l e n d a r . Y e a r — $ 4 ,3 0 8 ,6 0 3 $ 4 ,8 2 1 ,4 7 3 R ea l e sta te m o r tg a g e s — .stocks and b o n d s . . ................ L o a n s o n c o l la t e r a l............... R e a l e s t a t e ___ ........... . . . C a s h on liand................... . < aslh o n d e p o s i t . . . , ................. Other a s s e t s . . . , ........................ T o t a l..................................... E n d in g - $ 2 ,0 0 0 ,0 0 0 2 ,0 0 0 ,0 0 0 4 1 9 ,9 0 9 1 5 ,8 9 3 ,2 2 2 3 8 ,0 2 0 , $ 2 0 ,0 1 3 ,5 7 9 $ 2 ,0 0 0 ,0 0 0 2 ,0 0 0 ,0 0 0 4 8 0 ,9 ) 3 1 0 ,0 7 4 ,4 1 7 3 9 ,4 2 0 $ 2 0 ,3 5 1 ,1 5 1 Nov. 30— $ 2 0 ,5 9 4 ,7 5 © 1901. 1900. T o t a l p r o f i 's fo r y e a r ................................... - ...........r................ $ 8 7 2 , 0 0 9 $ 4 4 6 ,7 0 7 3 4 8 ,0 9 0 3 7 3 ,6 4 5 I n t e r e s t c r e d it e d d e p o s it o r s d u r in g t h e y e a r _____ E x p e n s e o f in s t i t u t i o n f o r s a m e p e r i o d ........................ 2 4 3 , 0 3 o 2 3 7 ,1 9 7 D iv i d e n d s o n c o m p a n y ’s s t o c k ................................................ 4 0 0 , 0 0 0 3 6 0 ,0 0 0 R a t e o f in t. o n d e p o s it s (B a n k i n g D e p a r t m e n t ) . . . 2% 2% do do (T r u s t D e p a r t m e n t ) ......... 2 % - 4 % 2 % -4 % P e n n s ; i T a n i a W a r e h o u s in g ’ & S a f e P e p . % P h i l ® . ) . Resources— M N o v . 2 5 .’ 0 1 . C a s h o n h a n d .............................. ........ D u e fr o m b a n k s , e t c ...................... C o m m e r c ia l a n d o t h e r p a p e r .. | A c c r u e d s t o r a g e o h a r g e s ........... L o a n s u p o n c o l l a t e r a l .................. I n v e s t m e n t s e c u r it ie s o w n e d . A c c r u e d in t. o n in v e s tm e n ts .. R e a l e s t a t e ,f u r n i t u r e & f ix t u r e s O t h e r a s s e t s ............................. ay 2 2 /0 1 . N O V . 1 9 , >0:0. $ 3 ,9 5 4 ' 5 1 ,9 7 5 $ 2 ,2 0 9 5 5 ,8 8 4 $ 2 ,6 2 1 4 3 ,8 8 2 6 7 ,1 5 0 6 4 ,7 5 0 • 2 5 ,9 5 0 3 8 7 ,7 6 2 3 8 5 ,5 0 2 8 ,7 5 0 8 1 9 ,9 8 1 2 8 ,6 2 5 5 7 9 ,0 '8 3 3 9 ,9 2 3 3 ,7 5 0 8 1 8 ,6 2 8 2 9 ,8 9 3 5 8 4 ,6 6 5 3 2 8 ,2 2 7 3 ,0 0 0 8 1 6 ,2 1 3 3 1 ,0 3 3 $ 1 ,7 5 5 ,8 6 3 $ 1 ,8 9 1 ,9 3 1 $ 1 ,8 3 5 ,5 9 1 $ 4 4 1 ,1 0 0 5 9 1 ,1 3 5 3 2 2 ,6 6 8 2 4 0 ,7 8 3 4 0 ,1 7 7 $ 4 4 1 ,1 0 0 5 9 0 ,1 7 2 2 8 3 ,2 2 2 1 2 0 ,0 0 0 432 384 2 5 ,0 5 3 $ 4 4 1 ,1 0 0 5 6 7 .8 3 2 2 5 6 ,5 9 4 1 2 0 ,0 0 0 4 4 1 ,9 5 2 8 ,1 1 3 T o t a l .............................................. $ 1 , 7 5 5 , 8 6 3 $ 1 ,8 9 1 ,9 3 1 $ 1 ,8 3 5 ,5 9 1 T o t a l ............... ............................. and r e s e r v e fu n d ------Undivi ded p r o fits ....................... (io n . d e p . p a y a b le o n d e m a n d . O t h e r lia b ilit ie s ............................... 1 2 0 ,0 0 0 P h ila d e lp h ia M o r t g a g e & T rra g stC o . ( P M la .) ., R esources— N o v . 2 5 ,’01. C a s h o n h a n d ........................................ D u e f r o m b a n k s , e t c ......... ............ L o a n s u p o n c o l l a t e r a l .................. S t o c k s , b o n d s , e t c .................. .. M o r t g a g e s ............................................. R e a l e s t ’ e, fu r n itu r e A ffix tu r e s , O t h e r r e a l e s t a t e ............. .............. A c c r u e d I n t e r e s t a c c o u n t . . ____ O t h e r a s s e t s ............................... .. T o t a l ........... L ............................... 22, ’01. N o v . 1 9 , ’0 0 , $ 2 ,5 2 5 7 5 ,3 8 5 8 ,6 0 0 2 2 0 ,1 3 2 2 6 9 ,9 1 2 1 7 3 ,0 0 8 1 ,1 2 6 ,4 6 4 7 5 ,0 7 6 2 1 4 ,4 8 8 M $ 1 ,5 5 7 7 8 ,9 7 5 5 ,2 2 5 2 2 8 ,0 6 1 2 6 2 ,0 4 0 1 7 3 ,0 0 8 1 ,1 4 4 ,0 9 1 7 3 ,2 3 3 2 0 7 ,0 1 5 $ 1 ,1 5 7 8 7 .3 3 6 1 6 ,8 7 5 2 2 5 ,2 2 1 2 6 2 ,9 1 5 1 7 3 ,0 0 8 1 ,1 4 5 , 7 6 3 7 7 ,5 1 1 2 0 1 ,5 0 7 $ 2 ,1 6 5 ,5 9 0 $ 2 ,1 7 3 ,2 0 5 $ 2 ,1 9 0 7 9 3 ay ia b il it ie s — C a p it a l s t o c k ....................................... $ 1 , 0 0 0 , 0 0 0 S u r p lu s a n d c o n t i n g e n t f u n d . 6 5 ,7 9 6 U n d i v i d e d p r o f i t s ............................. 1 1 ,0 0 9 4 4 ,8 6 4 D e p o s i t s ........................ ........................ B i l l s p a y a b le ................................ 2 0 0 ,0 0 0 7 6 0 ,2 0 0 C o m p a n y ’ s b o n d s o u t s t a n d in g , 8 3 ,7 2 1 O th e r l i a b i l i t i e s ................................ T o t a l . ............................. ............. $ 1 ,0 0 0 ,0 0 0 6 9 ,4 5 3 1 6 ,0 7 8 4 7 ,5 0 9 2 0 0 ,0 0 0 7 5 3 ,6 0 0 8 6 ,5 6 5 $ 2 ,1 6 5 ,5 9 0 $ 2 ,1 7 3 2 0 3 $ 1 ,0 0 0 ,0 0 0 7 8 .3 8 1 1 6 ,0 4 5 8 5 ,3 0 8 1 7 5 ,0 0 0 7 4 8 ,7 0 0 8 7 ,3 5 9 $ 2 ,1 9 0 ,7 9 3 Phila. Trust, Safe Deposit & Ins. Co. (PMla.). Resources— N o v . 2 5 ,’ 01. C a s h o n h a n d ....................................... D u e fr o m b a n k s, e tc ... L o a n s u p o n c o l l a t e r a l .................. L oan s upon bond s and m tg e s. S t o c k s , b o n d s , e t c ............................ M o r t g a g e s .......................................... R e a l e s t a t e ,!a r a i t u r e & f l x t u r e s O t h e r a s s e t s . ............................ M at $ 6 7 2 ,2 5 9 6 7 2 ,0 6 1 4 ,7 7 9 ,8 1 5 1 5 ,0 0 0 5 ,2 1 5 ,1 9 0 2 5 8 ,5 0 0 3 0 0 ,0 0 0 1 9 ,2 1 2 T o t a l ........................................ . . . $ 1 1 , 9 3 2 , 0 3 7 L ia b il it ie s — 2 2 ,’01. $ 6 6 2 ,6 3 1 6 9 5 ,1 4 0 5 ,3 1 4 ,2 8 2 1 5 ,0 0 0 4 ,7 7 1 ,9 7 4 2 6 1 ,0 0 0 3 0 0 ,0 0 0 2 1 ,1 2 1 N o v . 19, ’00. $ 6 6 8 ,9 9 4 1 ,3 4 4 ,3 0 4 5 ,2 6 0 ,4 8 9 1 5 .0 0 0 4 ,5 4 9 ,0 7 4 6 3 .0 0 0 3 0 0 ,0 0 0 1 9 ,3 0 1 $ 1 2 ,0 4 1 ,1 4 8 $ 1 2 ,2 2 7 ,0 6 2 $ 1 ,0 0 0 ,0 0 0 2 ,9 4 2 ,7 0 0 7 ,9 8 2 ,4 5 7 6 ,8 8 0 $ 1 ,0 0 0 ,0 0 0 2 ,8 3 0 ,2 5 0 8 ,2 0 1 ,5 7 0 9 ,3 2 8 $1,000,000 T o t a l............................................... $ 1 1 , 9 3 2 , 0 8 7 $ 1 2 ,0 4 1 ,1 4 8 $ 1 2 ,2 2 7 ,0 6 .2 C a p i t a l s t o c k ....................................... U n d iv id e d p r o fits & r e s . f u n d . D e p o s i t s ................... D iv i d e n d s u n p a i d ______ ______ 2 ,7 4 9 , 7 5 8 8 ,4 6 4 ,3 5 2 1 2 ,9 5 2 Provident Life & Trust Co. ( P h i l a d e l p h i a ) . R esources— N o v . 2 5 , ’0 1 . R e a l e s t a t e m o r t g a g e s ................ 3 4 7 ,8 0 1 S t o c k s arid o o n d s ............................ 6 ,6 3 3 ,8 7 2 L o a n s o n c o l l a t e r a l ........................ 6 ,3 7 4 ,4 4 1 R e a l e s t a t e ............................ 2 8 ,7 2 2 C a s h o n h a n d . . . ................................. 1 6 3 ,0 5 1 C a sh o n d e p o s i t . _........................... 7 2 3 ,9 9 3 O th e r a s s e t s ( i n s u r a n c e D e p .) 4 3 , 6 5 5 , 1 8 6 T o t a l . . . --------- ----------- M 2 2 ,’01. N o v . 1 9 ,’0 0 . 3 4 8 ,5 8 0 6 ,5 3 3 ,7 9 1 5 ,5 6 9 ,9 8 4 2 8 ,7 2 2 1 4 3 ,6 0 5 9 7 4 ,0 6 2 4 1 ,9 3 2 ,2 7 4 3 5 3 ,9 7 3 6 ,1 5 0 ,6 9 7 5 ,6 0 1 ,0 5 4 1 9 ,5 5 2 1 1 7 ,1 6 9 8 3 9 ,4 6 9 4 0 ,2 6 1 ,2 9 7 a t .$ 5 7 ,9 2 7 ,0 1 6 $ 5 5 ,5 3 1 ,0 1 8 $ 5 3 ,3 4 9 ,2 1 1 C a p it a l s t o c k ........... ............. $ 1 ,0 0 0 ,0 0 0 H u rp ln s a n d r e s e r v e f u n d ........ . 2 ,9 2 5 ,0 0 0 f j n d i v l d e d p r o f i t s . . . - - ................ 8 7 2 ,7 9 6 G e n . d e p . p a y a b le o n d e m a n d . 9 ,4 7 7 ,5 7 6 O t h e r lia b ilit ie s ( i n s . D e p t , ) . . 4 3 , 6 5 1 , 6 4 4 $1,00 0 ,0 0 0 $1,000,000 2 ,6 5 0 ,0 0 0 9 1 8 ,5 6 7 9 ,0 3 5 ,4 7 4 4 1 ,9 2 ( 5 ,9 7 7 2 ,5 0 0 , 0 0 0 7 6 9 ,1 7 8 8 ,8 4 0 ,4 2 0 4 0 ,2 3 9 ,6 1 3 T o t a l . . . . ................................... $ 5 7 , 9 2 7 , 0 1 6 $ 5 5 ,5 3 1 ,0 1 8 L ia b il it ie s — Ht a t is t t c s a or F is c a l Y e a r e n d in g N o v .— 1901. $ 5 3 ,3 4 9 ,2 1 1 1900. Triterfcst c r e d ite d d e p o s it o r s d u r in g y e a r .................. $ 1 7 9 ,2 7 5 $ 1 7 3 ,9 0 5 A m ou n t di vi (le n d s on c o m p a n y ’ s s t o c k _____ _________ 2 3 1e % -.2 1 % A m o u n t d e p o s it s .............ail.a llK a t e o f in t e r e s t on d e p o s it s ............................................... 2% 4% $ 1 8 2 ,3 6 0 7 0 8 ,7 1 4 1 ,8 6 1 , 5 0 7 5 8 2 ,4 8 9 6 0 ,1 46 7 0 4 ,0 0 7 2 2 1 ,0 5 0 1900 1901 $ 5 0 ,0 0 0 3 ,1 5 3 ,4 9 7 A m o u n t d iv id e n d s o n c o m p a n y ’s stock :— A m o u n t d e p o s it s r e c e i v in g i n t e r e s t R a t e o f in te r e s t p a id o n d e p o s i t s .................... $ 5 0 ,0 0 0 3 ,1 0 2 ,8 3 9 2% 2% Real Estate Trust Co. (Philadelphia). R DEC. 3 1 , ’ 0 1 . J une3 0 /0 1 . $ 4 0 1 ,3 5 0 7 5 6 ,5 1 5 4 ,0 7 4 ,0 5 9 1 ,5 ® 1 , 0 5 6 * 9 6 ,5 2 7 7 4 5 ,2 3 1 4 6 ,0 8 2 $ 3 1 7 ,9 6 5 8 4 5 ,4 1 0 3 ,6 1 8 ,3 3 ? 1 ,5 4 3 ,2 5 ® 2 9 1 ,8 2 4 7 /5 ,2 2 1 2 0 2 ,8 2 1 $ 3 1 7 ,9 6 4 1 ,0 0 3 ,7 2 3 2 ,7 0 3 ,4 5 0 1 ,4 7 2 ,9 3 1 3 6 3 ,3 3 3 6 6 1 ,7 2 7 2 9 2 ,2 1 2 $ 8 ,0 1 1 ,4 2 0 $ 7 ,5 8 9 ,8 3 7 $ 6 ,8 1 5 ,3 4 0 . $ 1 ,5 0 0 ,0 0 0 2 5 0 ,0 0 0 9 8 8 ,2 2 6 L 5 ,2 7 3 ,1 9 4 $ 1 ,1 9 8 ,0 0 0 2 5 0 , uOO 8 4 2 ,4 4 6 5 ,2 9 9 ,3 9 1 $ 1 ,0 0 0 ,0 0 0 2 5 0 ,0 0 0 4 7 3 ,3 4 5 5 ,0 9 1 ,9 9 5 . $ 7 ,5 8 9 ,8 3 7 $ 6 ,8 1 5 ,3 4 0 esources— . R e a l e sta te m o r t g a g e s . S to ck s a n d b o n d s ------- . . R e a l © s t a t e .......... C a sh o n h a n d . . C ash on d e p o s it . O th e r a s s e t s ......... . D ec . 3 1 /0 0 . L ia b il it ie s - U n c tiv id e d p r o fits T o ta l L ia b il it ie s — C a p i t a l s t o c k ....................................... U n d iv id e d p r o fit s <fe r e s . f u n d . D e p o s i t s s u b je c t t o c h e e k . . . . . B o n d s a n d m o r t g a g e s p a y a b le B i l l s p a y a b l e , .................... ............... O t h e r l i a b i l i t i e s ............................... DEC. 3 1 / 0 0 l.IAItl I.i.'ITliiSS u r p iu s C a p it a l s t o c k ......................................... $ 2 , 0 0 0 , 0 0 0 S u r p lu s f u n d ......................................... 2 ,0 0 0 ,0 0 0 U n d i v i d e d j n o f i t s .............................. 7 5 9 .0 2 9 D e p o s i t s s u b je c t t o c h e c k ......... 1 5 , 2 2 1 , 4 1 9 O t h e r l i a b i l i t i e s ..............................., 3 2 ,5 3 1 F D e c . 3 1 ,’01 . $ 1 7 0 ,0 7 6 1 ,0 f6 5 ,1 16 l,0 . 1 , 5 8 7 ,7 8 2 5 8 4 ,0 0 2 4 4 ,5 3 1 7 7 3 ,7 2 1 2 2 0 ,2 9 2 U eh O URGES- - $ 2 0 ,5 9 4 ,7 5 0 LIABILITIES — 245 Real Estate Title insurance & Trust, (Phila.). | P i l l 111. ), 22 , ’0 1 . at 0 ,9 2 9 ,5 2 9 4 ,0 2 2 ,9 0 2 ) ,0 0 0 , 5 4 3 9 5 0 ,0 1 .'I 3 ,7 8 7 , 7 2 1 $ 2 0 ,0 1 3 ,5 7 9 riH R O N IO L B $ 8 ,0 1 1 ,4 2 0 Taeoay Sav. Ftimd, Safe llep., Till© & Tr. (Phils.). R D esources— ec J . 3 1 /0 1 . une 3 0 /0 1 . D ec . 3 1 , ’0 0 . R e a l e s t a t e m o r t g a g e .................... S t o c k s a n d b o n d s ............................ L o a n s o n c o l la t e r a l .............. L o a n s o n p e r s o n a l s e c u r i t i e s .. R e a l e s t a t e . . . . . . . . . ____. . . . . . . C a s h o n h a n d . . . . . . . . . . . . . . ___ C a s h o n d e p o s i t . . . . . . . . ............... O tb e r a s s e t s ....................... $ 2 5 ,6 0 0 3 4 6 ,4 2 4 9 3 ,2 0 0 4 ,4 2 5 4 0 ,4 2 1 2 1 ,2 :8 0 2 1 6 ,4 7 8 7 ,7 5 6 $ 2 7 ,7 0 0 3 3 8 ,4 8 6 9 5 ,8 3 0 4 ,9 1 3 4 0 ,4 2 1 3 8 ,1 5 6 9 8 ,1 6 1 6 /2 6 8 $ 1 9 ,0 5 0 2 6 0 ,8 7 4 1 2 1 ,5 5 0 7 ,9 2 5 4 0 ,4 2 2 1 8 ,0 5 3 1 2 0 ,2 4 8 6 ,3 6 8 . $ 7 5 5 ,5 8 4 $ 6 5 0 ,0 3 5 $ 5 9 4 ,4 9 0 $ 1 2 7 ,5 0 0 5 0 ,1 )0 0 1 3 ,2 1 1 1 2 8 ,2 3 7 4 3 5 ,1 1 4 1 ,5 2 2 $ 1 2 7 ,5 0 0 5 0 ,0 0 0 1 1 ,1 0 ? 1 2 6 ,9 5 4 3 3 2 ,7 8 5 1 ,8 8 9 $ 1 2 7 ,5 0 0 5 0 ,0 0 0 7 ,7 6 7 1 2 1 ,5 2 4 2 8 5 ,9 1 3 1 ,7 8 6 $ 6 5 0 ,0 3 5 $ 5 9 4 ,4 9 0 T o t a l . ................... .. Lia b il it ie s — C a p it a l s t o c k ........... .. ....... . . . . . . S u r p lu s a n d r e s e r v e f u n d . . . . . U n u iv id e d p r o fit s .......... D e p o s i t s in S a v i n g F u n d . . , . . . , G e n . d e p . p a y a b le o n d e m an d . O th e r l ia b ilit ie s . . . . ____; _______ T o t a l . . ............. .......... . . . _______ St a t is t ic s dor F is c a l Y * 7 5 5 ,5 8 4 e a r e n d in g O ct. 15— 1901 T o t a l o f p r o fits f o r y e a r ........................ ..$ 3 0 , 2 4 4 5 4 I n t e r e s t c r e d ite d d e p o s it o r s d u r i n g y e a r . . . . . . . E x p e n s e s o f i n s t i t u t i o n s a m e p e r io d .................. A m o u n t d iv id e n d s o n c o m p a n y ’ s s t o c k .................. R a t e o f i n t e r e s t p a id o n d e p o s i t s . . . . . . . . ____ _ 1900 $ 2 8 ,3 8 3 ( 1 9 6 ,0 3 8 0 9 9 ,1 6 9 7 7 7 .5 0 0 0 0 2% & 3% 4 ,8 9 5 5 0 9 ,1 '6 67 7 .5 0 0 0 0 2% & 3% T r a d e s m e n s ’ T r u s t & S a y in g s F u a d ( P h ila .) R e s o u r c e s —N o v . 2 5 , 1 9 0 1 - C a s h o n h a n d , $ 1 0 , 2 3 6 ; d u e f r o m b a n k s a n d b a n k e r s , $ 5 5 , 2 3 1 ; c o m m e r c i a l a n d o th e r p a p e r o w n e d , $ 5 5 , 2 6 0 ; c a l l lo a n s u p o n c o l l a t e r a l , $ 2 7 , 0 7 5 ; s t o c k s , b o n d s , e t c ., $ 1 , 8 7 >; m o r t g a g e s a n d g r o u n d r e n t s . § 3 3 , 2 8 4 ; r e a l e s t a t e , fu r n i t u r e a n d f i x t u r e s , $ 2 2 2 ,3 8 9 ; o th e r a s s e t s , $ 7 , 0 1 3 ; t o t a l , $ 4 1 2 ,3 6 3 . L i a b i l i t i e s - C a p i t a l s t o c k , $ 1 2 5 , 0 0 0 ; s u r p lu s a n d r e s e r v e fu n d $ 1 0 6 , 0 0 0 ; u n d iv id e d p r o fits , $ 1 3 , 1 1 3 ; d e p o s it s , $ 1 6 8 , 4 4 8 ; o th e r l i a b ilitie s , $ 8 0 2 ; t o t a l , $ 4 1 2 ,3 6 3 . N o t e ,— C o m p a n y a llo w s 2 % in te r e st o n d a ily b a la n c e s a v e r a g in g - $200. T r u s t ;G f . o f N o r t h A m e r i c a ( P h i l a d e l p h i a ) . 2 2 /0 1 . N o v .' 1 9 / 0 0 . $ 4 8 ,6 0 6 5 5 8 ,8 1 2 1 ,6 0 6 ,8 4 7 3 ,0 0 0 7 4 9 ,6 1 2 3 ,5 0 0 3 9 0 ,3 3 4 3 ,5 8 8 $ 7 1 ,5 0 4 3 8 7 ,6 5 6 1 ,6 0 9 ,1 0 2 5 ,0 0 0 6 4 2 ,9 2 9 22, JO 3 8 4 ,3 0 8 3 ,6 1 2 $ 3 ,4 3 7 ,0 4 8 $ 3 ,3 6 4 ,2 9 9 $ 3 ,1 2 6 ,5 2 1 $ 1 ,0 0 0 ,0 0 0 1 0 5 ,5 5 3 2 ,3 3 1 ,4 9 5 $ 1 ,0 0 0 ,0 0 0 7 6 ,6 5 9 2 ,2 8 7 ,6 4 0 $ 1 ,0 0 0 ,0 0 0 5 3 ,9 4 9 2 ,0 7 2 ,5 7 2 T o t a l ............... .............................. $ 3 , 4 3 7 , 0 4 8 $ 3 ,3 6 4 ,2 9 9 $ 3 ,1 2 6 ,5 2 1 Resources— N o v . 2 :5 /0 1 . C ash o n h a n d . ...................... D u e f r o m b a n k s , e t c . ................ L o a n s u p o n c o l la t e r a l — L o a n s u p o n b o n d s a n d m tg e s S t o c k s , b o n d s , e t c ...................... .. M o r t g a g e s ....... ................ ................. R e a l e s t a t e ,t u r n it u r e & f i x t u r e s O th e r a s s e t s — ............................... T o t a l ____________ _____ . . . . . . L ia b il it ie s — C a p it a l s t o c k --------------- --------------U n d iv i’ d p r o f . & r e s e r v e fu n d D e p o s i t s .................................................. $ 3 9 ,5 9 4 5 5 8 ,4 8 7 1 ,7 7 3 ,9 5 3 3 ,0 0 0 6 6 5 ,1 ? 0 3 ,0 0 0 3 9 0 ,3 3 4 3 ,5 6 0 M ay Union Surety & Guaranty Co. (Phila.) Resources C a s h o n h a n d ____________________ D u e f r o m b a n k s , e t c ___________ L o a n s u p o n c o l l a t e r a l . ............... L o an s u p on bonds a n d m tg e s . S t o c k s , b o n d s , e t c ............................ M o r t g a g e s .............................................. R e a l e s t a t e , fu r n , & f i x t u r e s .. O th e r a s s e t s ......................................... N o v . 2 5 /0 1 . $ 5 ,3 3 3 , 1 6 ,5 5 6 5 1 ,8 7 0 4 4 ,0 9 9 1 ,6 5 5 1 5 7 ,0 0 4 1 1 3 ,9 0 1 1 6 1 ,7 1 3 Ma y 2 2 /0 1 . N o v . 1 9 /0 0 , $ 5 ,0 4 6 5 8 ,2 9 1 8 0 ,0 7 1 4 5 ,6 9 9 1 ,1 6 5 1 5 3 ,9 8 0 1 1 6 ,0 0 8 8 3 ,3 7 1 $ 7 ,9 6 5 3 8 ,1 0 4 5 3 ,1 # 2 5 1 /9 9 1 ,1 6 5 1 5 4 ,1 1 3 1 1 5 ,8 3 0 4 6 ,1 1 2 T o t a l . ............................................ $ 5 5 2 ,7 3 7 $ 5 4 3 ,6 3 1 $ 4 6 8 ,7 5 0 L ia b il it ie s — C a p ita l s t o c k ....................................... U m l i v p r o fits & r e s e r v e fu n d D e p o s its ............. ........................... .. $ 2 5 0 ,0 0 0 7 9 .3 8 4 2 2 3 ,3 7 3 $ 2 5 0 ,0 0 0 2 3 0 ,4 0 8 $ 2 5 0 ,0 0 0 4 8 ,3 5 2 1 6 9 ,3 9 8 $ 5 5 2 /3 7 $ 5 4 3 ,0 3 1 $ 4 C 8 ,7 5 Q T o ta l THE 246 C H R O N IC L E . Union Trust Co. (Philadelphia). N o v . 2 5 /0 1 , $ 4 0 ,1 6 3 1 3 0 ,5 1 6 5*25,H 69 3 1 1 ,9 5 9 1 1 6 ,1 4 5 3 0 4 ,0 3 6 6 0 1 ,8 9 2 4 5 ,5 6 5 RfiBG IfliOBS— C a s h o n h a n d ........................... .. l i n e fr o m b a n k s , e t c . , . . . . . . . . . . L o a n s u p o n c o l l a t e r a l .......... .. S t o c k s , b o n d s , e t c ........................ M o rtg a g e s .... .............. B e a l e a t., fu r n it u r e & fix tu r e * O th e r r e a l e s t a t e . . . ........... . O th e r a s s e t s .. . . . . . . . T o t a l . . ....... ................ .............. . $ * 2 ,0 7 5 ,6 3 5 W est E n d T r u s t C o m p a n y * ( P h ila d e lp h ia .) . * 2 2 /0 1 . NOV. 1 9 /0 0 . $49 970 1 6 5 ,7 3 4 3 6 2 ,7 5 6 2 3 5 /4 6 6 1 2 5 ,6 1 4 3 0 0 ,3 4 4 6 8 1 ,4 6 5 6 9 /7 7 5 $ 3 0 ,6 2 7 1 3 4 /2 8 5 4 1 8 /2 4 8 *2 5 5 ,3 5 8 1 3 2 ,5 * 2 8 3 0 0 ,0 0 0 6 5 6 ,9 8 6 3 2 ,6 7 0 $ 1 ,9 9 1 ,1 2 4 $ 1 ,9 6 0 ,0 9 9 Ma y [V or. L X X I V . Kl .M)ina:Kh— N o V, 2 6 / 0 1 , C a s h on h a » id .. . . . . . . . . . . . . . o w n e d . . . , ................... .............. . . . . L o a n s u p o n c o l l a t e r a l .._______ _ L oans upon bonds and m a r ts.. S to c k s, b o n d s , e t c ........... M o r t g a g e s . . . . . . . ........... B e a l e s t a t e , t u r n it 'r e & f l x t ’ re O th e r a s s e t s ....................................... *2,500 1 ,0 9 8 ,3 8 3 1 7 ,7 0 0 6 3 0 ,7 5 5 1 3 8 ,4 5 0 6 9 0 ,7 8 0 2 7 ,8 7 1 $ 5 0 0 ,0 0 0 2 5 0 ,0 0 0 2 8 ,1 0 0 1 ,2 9 2 ,7 6 7 4 ,7 6 8 $ 4 9 9 ,7 5 0 2 5 0 ,0 0 0 5 8 ,1 1 9 1 , 1 7 3 ,5 5 3 9 ,7 0 2 $ 4 9 9 ,2 5 0 2 5 0 ,0 0 0 6 6 ,7 6 2 1 ,1 3 8 /2 2 1 6 ,4 6 6 . $ 2 ,0 7 5 ,6 3 5 $ 1 ,9 9 1 ,1 2 4 $ 1 ,9 6 0 ,6 9 9 . C a p ita l s t o c k . . . . . . ........... .. S u r p lu s a n d r e s e r v e f u n d ,____ U n d iv id e d p r o f i t s ................. . . D e p o s it s - . . . . . . . . . ........... .. O th e r l i a b i l i t i e s .............................. T o t a l ............. ......... * 2 2 /0 1 . N o v , 1 9 /0 0 . $60,181 $ 5 5 ,0 8 9 2 1 8 ,7 1 7 ay Due from banks, ©to....... ....................488/217 Commercial and other paper T o t a l . . . ....................................... $ 3 ,0 9 7 ,1 9 1 LIABILITIES— M $ 5 7 ,5 3 2 2 8 6 ,3 9 1 1 ,8 0 0 1 ,0 3 9 , 0 8 0 5 8 ,2 9 6 4 3 9 ,4 8 9 1*2 6,57 5 0 8 8 ,7 2 3 1 1 ,0 9 1 4 ,2 0 0 1 , 1 3 5 ,9 0 0 1 5 ,0 9 6 3 0 1 ,0 8 2 14 *2,62 5 5 6 4 ,0 8 1 $ 2 ,7 0 6 ,6 2 6 $ 2 ,4 4 5 , 4 7 3 $ 5 0 0 ,0 0 0 1 5 0 ,0 0 0 5 1 ,4 9 3 3 ,0 0 5 ,1 3 3 $ 5 0 0 ,0 0 0 1 5 0 ,0 0 0 3 6 ,6 6 1 i , 7 6 6 ,2 9 3 2 ,5 1 9 $ 2 ,7 6 6 , 6 2 6 $ 2 ,4 4 5 ,4 7 3 8,683 Li a b i l i t i e s — C a p ita l s t o c k . . . . . . . . . . . . . . . . . . . . S u r p lu s a n d r e s e r v e fu n d ______ U n d iv id e d p r o f i t s ............ ........... D e p o s i t s ............................................ $ 5 0 0 ,0 0 0 1 7 5 ,0 0 0 3*2,781 * 2 ,3 8 9 ,4 1 0 Other lia b ilitie s..................... . — .... T o t a l . . . . . . . . . . .................. $ 3 ,0 9 7 , 1 9 1 F o r m e r ly W e s t E n d T r u s t & S a fe D e p o s it C o m p a n y . U n ite d S e c u r ity L ife In s u r a n c e & T r u s t ( P h il a .) . T h e W est P h ila . T it le & T r u s t Co . ( P h ila .) . 31, ’01. J u n e 3 0 /0 1 . R e a l e s t a t e m o r t g a g e s ,............... . $ 1 , 7 9 8 , 1 0 5 S t o c k s a n d b o n d s .......................... 2 3 2 ,3 9 1 6 5 5 ,5 6 9 L o a n s o n c o l l a t e r a l ...................... 5 6 4 ,3 1 7 B e a l e s t a t e .......................... ........... 1 9 6 ,3 0 9 C a s h o n h a n d a n d o n d e p o s it. 1 7 8 ,7 2 0 O t h e r a s s e t s . . . . . . . . . ____ . . . . . . $ 1 ,7 3 8 ,0 2 8 1 9 0 ,8 9 1 6 4 7 ,1 7 7 5 7 5 ,5 7 9 1 5 7 ,4 6 9 1 9 1 ,1 2 5 $ 1 ,8 5 2 ,0 4 7 1 5 2 ,8 9 2 5 4 3 ,0 5 0 6 0 2 ,5 1 3 1 0 5 ,7 1 5 1 1 9 ,4 0 4 $ 3 ,6 2 5 ,4 1 1 $ 3 ,5 0 0 ,2 6 9 $ 3 ,3 7 5 ,6 2 1 $ 1 ,0 0 0 ,0 0 0 3 5 0 ,0 0 0 1 5 8 ,8 0 2 8 5 9 ,1 6 L 1 , 2 5 7 ,1 4 8 $ 1 ,0 0 0 ,0 0 0 3 5 0 ,0 0 0 1 5 2 .6 2 5 7 3 7 ,5 8 3 1 ,2 6 0 ,0 6 1 $ 1 ,0 0 0 ,0 0 0 3 5 0 ,0 0 0 1 5 1 ,3 5 6 5 8 2 ,8 9 3 1 / 2 9 1 ,3 7 2 $ 3 ,6 2 5 ,4 1 1 $ 3 ,5 0 0 , 2 6 9 $ 3 ,3 7 5 ,6 2 1 B esooboes— D T o t a l ...... .................................... . ec. DEC. 3 1 , m L i a r id it ie s - D eo . 3 1 /0 1 . J u n e 3 0 /0 1 . $ 2 6 6 ,8 9 6 5 2 ,6 0 1 1 , 4 0 0 ,6 8 6 1 0 *2 ,9 1 1 5 4 ,6 3 2 2 6 0 ,1 7 5 1 9 ,6 9 9 $ 2 4 0 ,3 6 0 5 2 ,6 0 1 1 ,4 1 7 , 9 3 6 N il 1 0 3 ,5 4 8 4 6 ,4 2 9 1 5 8 ,8 9 1 1 8 ,5 9 9 $ 2 3 1 ,0 0 0 5 2 ,7 3 1 1 ,2 0 9 ,5 9 1 N il. 1 0 2 ,7 3 5 7 3 ,0 8 9 1 9 9 ,3 7 0 2 0 ,8 1 6 $ 2 ,1 4 7 , 6 0 0 $ 2 ,0 3 8 ,3 6 4 $ 1 ,8 8 9 ,3 3 2 $ 2 5 0 ,0 0 0 $ 2 5 0 ,0 0 0 $ 2 5 0 ,0 0 0 100,000 100,000 100,000 4 3 ,1 3 5 1 ,7 5 4 ,4 6 5 3 2 ,8 8 8 1 ,6 5 5 ,4 7 6 2 9 ,6 4 9 1 ,5 0 9 , 6 8 3 $ 2 ,1 4 7 ,6 0 0 $ 2 ,0 3 8 , 3 6 4 $ 1 ,8 8 9 ,3 3 2 1901. $ 1 0 3 ,8 7 1 3 4 ,2 4 0 3 8 , V0 6 1 5 ,0 0 0 1 ,6 7 9 ,8 3 0 2 % to 3 % $ 9 3 ,5 9 0 3 1 ,0 6 4 3 4 ,9 7 2 1 5 ,0 0 0 1 ,4 3 0 ,9 7 5 2 % to 3 % m T o t a l .................................... .. C a p ita ! s t o c k ............. .. S u r p lu s fu n d .................................. U n d iv id e d p r o fit s ........................ G e n , d e p . p a y a b le o n d e m a n d . O th e r l i a b i l i t i e s . . . .......................... T o t a l ,..................................... B esourcbs — R e a l e s t a te m o r t g a g e s ........... .... S to c k s a n d b o n d s .. ................ L o a n s o n c o l l a t e r a l ....................... L o a n s o n p e r s o n a l s e c u r i t i e s .. B ea l e s t a t e ...... G ash o n h a n d ___ C a sh o n d e p o s it . O th e r a s s e t s . . . . . . L ia b il it ie s — C a p it a l s t o c k p a id i n ......... .. S u r p lu s a n d r e s e r v e f u n d ____ U n d iv id e d p r o t i t s ____. . . . . ____ G e n e r a l d e p o s it s ........................... T o t a l . . . . . . . . . . . . .................... St a t is t ic s r a n C a l e n d a r Y Sta tistic s t o r Ca l e n d a r Y e a r — 1900. 1901, $ 8 6 ,6 7 2 N e t p r o fits f o r y e a r ................................................. .. 1 7 ,0 6 3 I n t e r e s t c r e d it e d d e p o s it o r s d u r in g y e a r . . . 5 0 ,0 0 0 A m o u n t d iv id e n d s o n c o m p a n y ’ s s t o c k ......... 8 5 9 ,4 6 1 A m o u n t d e p o s its r e c e iv in g i i u e r f S t ............. R a t e o f I n t e r e s t p a id o n d e p o s i t s ...................... .. 2 , 2b» & 3 % N e w Y o r k $ 8 3 ,9 5 9 1 0 ,9 6 0 5 0 ,0 0 0 5 8 2 ,8 9 3 2 , S is & 3 % a n d B o w lin g * G r e e n T r u s t C o m p a n y ( N e w $ 4 5 1 ,0 0 0 9 7 0 ,0 9 3 3 ,4 5 8 ,2 8 7 1 2 2 ,5 7 6 2 2 ,4 2 3 2 2 4 ,5 4 8 2 9 ,9 9 3 $ 6 8 6 ,5 0 0 6 0 0 ,3 9 8 2 ,7 8 6 ,8 1 9 4 2 4 ,4 8 0 7 ,8 4 8 2 6 8 ,9 2 1 5 3 ,1 0 6 $ 6 0 5 ,3 0 5 6 2 6 ,3 3 3 2 ,7 8 8 ,8 4 4 4 1 3 ,7 9 1 1 4 ,4 1 7 2 1 2 ,7 2 0 1 6 ,5 9 1 $ 4 ,8 2 8 ,0 7 2 $ 4 ,6 7 8 ,0 0 1 Dee. 3 1 / 0 1 . S t o c k i n v e s t ’ t s (m a r k e t v a l u e ) . $ 5 , 3 8 7 , 5 6 7 A m o u n t lo a n e d o n c o l la t e r a ls . 7 ,5 5 7 ,3 3 7 A m o u n t lo a n e d o n p e r 'l s e c u r .. 1 1 5 ,3 6 5 C a sh o n h a n d .................. 3 2 7 ,4 4 2 C a sh o n d e p o s it ......... ...................... 1 ,5 8 5 , 1 4 2 O th e r a s s e t s .......................................... 4 9 1 ,8 2 1 T o t a l . . . . ........................... $ 5 ,2 7 8 ,8 7 0 1900. Y o r k ). Resources. Dec. 3 1 , ’ 0 1 . June 3 0 / 0 1 . Dec. 3 1 / 0 0 . T o t a l . . .................. — C o m p a n i e s . Resources, B o n d s a n d m o r t g a g e s . . . . . . ____ B t o e k in v e s t m ’t s t m a r k e t v a lu e ) A m o u n t lo a n e d o n c o l l a t e r a l s . A m L lo a n e d o n p e r s ’ l s e c u r itie s C a s h o n h a n d .......... ................. C a s h o n d e p o s i t . . . . _____ . . . . . . . . O th e r a s s e t s . . . . . . . . . . . . . . . . . . . . ear T o t a l o f p r o fits f o r y e a r ......... ................................... I n t e r e s t c r e d it e d d e p o s it o r s d u r in g y e a r . . . E x p e n s e s o f In s t it u t io n s a m e p e r i o d ----------A m o u n t d iv id e n d s o n c o m p a n y ’ s s t o c k , 6 % . A m o u n t d e p o s it s r e c e iv in g i n t e r e s t . . . . . ____ B a t e o f in te r e s t p a id o n d e p o s i t s . . . . . . ........... B r o o k l y n American Deposit & Loan Co. (New York). DEC. 3 1 / 0 0 .$ 1 5 ,4 1 4 ,6 7 4 J u n e 3 0 / 0 1 . Dee. 3 1 / 0 0 . $ 4 ,8 2 7 , 7 8 3 7 ,8 5 2 ,1 6 9 2 1 2 ,9 7 0 6 5 ,5 5 8 2 ,2 7 5 ,3 3 2 3 0 3 ,2 5 6 $ 4 ,4 4 9 ,0 1 9 6 ,6 3 1 ,2 7 0 1 7 0 ,0 4 7 3 9 ,6 3 0 1 ,7 3 8 ,9 0 1 3 7 4 ,8 0 9 $ 1 5 ,5 3 7 ,0 6 8 $ 1 3 ,4 0 3 ,6 7 6 L iabilities. Liabilities. C a p ita l s t o c k . . . . . . . . . . . . — . . . U n d iv id e d p r o f i t s . . . ____. . . . . . G e n T d e p ’ it s , p a y ’le o n d e m ’ n d O t h e r l i a b i l i t i e s . . . . . . . ........... .. T o t a l ........................... $ 5 0 0 ,0 0 0 2 4 2 ,6 5 4 4 ,4 6 4 ,8 4 0 7 1 ,6 7 6 $ 5 ,2 7 8 ,8 7 0 $ 5 0 0 ,0 0 0 2 1 9 ,2 2 7 4 ,0 1 9 ,5 3 6 8 9 ,3 0 9 $ 5 0 0 ,0 0 0 1 8 3 ,5 1 5 3 ,9 0 9 ,4 2 7 8 5 ,0 5 9 $ 4 ,8 2 8 ,0 7 2 $ 4 ,6 7 8 ,0 0 1 C a p ita l s t o c k ...................................... $ 2 , 5 0 0 , 0 0 0 S u r p lu s f u n d . . . . . . . . . . . . . . . . . . . . 2 ,5 0 0 ,0 0 0 U n d iv id e d p r o f i t s . . . . . . . . . . . . . . . 3 9 5 ,3 9 9 6 ,4 6 3 D e p o s its in t r u s t ........... ................... G e n e r a l d e p o s it s , p a y . o n d e m . 9 ,9 5 3 ,5 1 2 O th e r l i a b i l i t i e s . . . . . . . . . . . . . . . . . 5 9 ,3 0 0 T o t a l . . . . . . . . . . . . . . ............. . . . $ 1 5 , 4 1 4 , 6 7 4 Supplem entary. T o t . a m t ©f p r o fits d u r in g y e a r . $ 2 4 7 ,0 0 7 * $ 1 2 3 ,1 7 4 $ 3 1 9 ,0 2 4 I n t , c r e d ite d d e p ’ r s s a m e p e r ’ d . 1 1 8 ,9 3 3 * 5 6 ,3 2 5 1 0 3 ,3 3 7 E i p . o f in s t it u t io n , s a m e peT’ d . 3 8 ,9 3 5 * 1 6 ,1 3 8 5 3 ,1 9 9 A m t , o f d iv a , d e e l’ d , s a m e p e r ’ d 3 0 ,0 0 0 * 1 5 ,0 0 0 4 0 ,0 0 0 A m t. o f d e p .o n w h ’ h i n t . is a il’ d . 4 ,4 6 4 , 5 4 0 4 ,0 1 9 ,5 3 6 3 ,9 0 9 , 4 2 7 B a t e o f in t e r e s t .......... .................. lb s to 4 % lis to 4 % l^ to 4 % A t la n t ic T r u s t C o m p a n y (N e w Y o r k ) . T o t a l ............................... . . . . . . . . . $ 1 2 , 7 8 8 , 4 9 2 T o t a l ........... ............... $ 1 2 ,7 8 8 ,4 9 2 $ 1 3 ,4 0 3 ,6 7 6 * 3 3 4 ,6 5 4 * 1 3 2 ,2 3 7 * 4 2 ,5 8 2 9 ,6 7 8 ,7 9 4 2 t o 3 p . e. $ 3 9 4 ,8 4 5 1 6 3 ,7 6 8 2 4 0 ,5 8 5 7 ,3 6 1 , 5 8 9 2 to 3 p . e. B r o o k ly n T r u s t C o m p a n y (B r o o k ly n ), $ 9 3 6 ,3 0 0 $ 8 1 1 ,3 0 0 2 ,5 6 6 ,1 3 9 1 ,4 0 8 ,0 1 7 9 ,4 8 0 ,3 9 7 5 ,7 7 1 , 8 8 3 1 0 4 ,5 2 2 1 0 0 ,7 6 1 5 5 /3 0 5 5 ,8 3 0 -1 1 ,3 4 0 2 ,0 2 9 1 ,1 7 2 ,7 3 8 1 ,6 4 1 ,0 2 4 1 4 2 ,8 7 0 1 4 8 ,0 4 8 $ 1 3 ,3 1 2 ,0 1 4 $ 1 R 0 9 7 ,0 1 4 $ 1 ,5 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 1 2 ,3 6 7 1 2 3 ,4 8 9 1 0 ,6 1 1 ,1 5 1 6 5 ,0 0 7 $ 1 ,5 0 0 ,0 0 0 $ 1 3 ,3 1 2 ~ 0 1 4 $ 1 1 ,0 9 7 ,0 1 4 Resources. Dec. 3 1 / 0 1 , J u n e 8 0 / 0 1 . B o n d s a n d m o r t g a g e s ____ ______ S to c k in v e s t ’ s (m a r k e t v a l u e ) .. A m o u n t lo a n e d o n c o l la t e r a ls . A m ’ t lo a n e d o n p e r s ’ l s e e u r it ’ s. B e a l e s t a t e (e s tim a te d v a l u e ) .. C a sh o n h a n d . ... . . . . . . . . . . . . . . C a sh o n d e p o s i t . . ......................... O th e r a s s e t s .......................................... T o t a l . . . . . . ............ L ia b ilitie s . C a p it a l s t o c k ....................................... $ 1 , 5 0 0 , 0 0 0 S u r p lu s f u n d ......... .............................. 1 ,0 0 0 ,0 0 0 U n d iv id e d p r o f i t s . . . .................. 3 0 ,0 6 8 D e p o s it s in t r u s t . . . . . .................... 3 9 8 ,0 5 1 G e n e r a l d e p ’ t s , p a y . o n d e m ’ cL 9 ,7 7 6 ,6 2 6 O th e r l i a b i l i t i e s ............. ................ 8 3 ,7 5 2 $ 1 5 ,5 3 7 ,0 6 8 $ 2 ,5 0 0 , 0 0 0 2 ,5 0 0 ,0 0 0 1 3 2 ,7 4 7 6 ,3 3 8 8 ,2 4 5 , 3 4 0 1 9 ,2 5 1 Supplem entary. T o t . a m ’ t p r o fits d u r in g y e a r .. $ 6 8 1 ,4 9 6 J t f . c r e d it e d d e e ’ s , s a m e p e r ’ d . 2 4 7 ,9 9 6 E x p . o f if is t it n C n , s a m e p e r ’ d . 1 4 8 ,4 7 0 A m ’ t o f d e p .o n w W e h m t .i s a il’ d 9 ,0 5 4 ,4 2 8 A v e r a g e r a t e o f i n t e r e s t ._____ 2 t o 3 p . e. Resources. Dec. 3 1 , ’ 0 1 , June 3 0 , ’ 0 1 . Dec. 3 1 / 0 0 . B o n d s a n d m o r t g a g e s .. . . . . ____ $ 1 , 0 2 7 , 3 0 0 S to c k in v e s t ’ s (m a r k e t v a l u e ) .. 1 ,1 2 5 ,5 9 1 A m o u n t lo a n e d o n c o l la t e r a ls . 9 ,3 8 4 , 3 7 5 A m t . lo a n e d o n p e rs ’ l s e o n r it’ s 7 6 ,9 2 2 B e a l e s t a te (e s tim a te d v a l u e ) .. 5 5 ,8 3 0 C a s h o n h a n d . . . ......... ................. 1 5 ,0 9 4 C ash o n d e p o s i t ...... . . . . . . . . . . 9 4 0 ,2 5 7 O th e r a s s e t s ................................. 1 6 3 ,1 2 3 $ 2 ,5 0 0 ,0 0 0 2 ,5 0 0 ,0 0 0 4 8 ,0 9 9 .... 1 0 ,1 7 4 ,5 4 2 3 1 4 ,4 2 7 Dee. 8 1 / 0 0 . $ 8 4 ,2 5 0 5 ,4 7 * 3 ,3 1 2 6 ,5 3 6 ,8 7 5 8 6 8 ,5 2 8 1 1 1 9 6 ,0 4 7 1 1 5 ,6 0 1 1 ,2 2 2 ,5 7 0 2 4 7 ,2 0 7 $— — 5 ,4 7 6 ,7 3 5 7 ,5 7 1 ,1 3 8 5 8 1 ,6 9 1 1 7 0 ,0 5 2 8 7 ,8 3 5 8 3 9 ,6 4 4 2 5 8 ,8 7 2 $ 8 2 ,3 1 7 4 / 2 6 1 ,7 4 7 7 , 1 7 9 ,7 6 1 4 9 0 ,9 6 1 1 6 2 ,6 9 0 1 0 7 /2 1 6 9 1 6 ,2 8 1 2 7 0 ,5 3 6 $ 1 4 ,7 4 4 ,3 9 0 $ 1 4 ,9 8 5 ,4 6 2 $ 1 8 ,4 7 1 ,4 5 9 $ 1 ,0 0 0 ,0 0 0 l , 8 t '3 , 6 T 8 4 5 9 ,8 4 6 1 1 ,6 2 5 , 7 2 6 9 6 ,7 1 7 $ 1 ,0 0 0 ,0 0 0 1 ,7 9 4 .8 4 1 4 8 .8 5 0 1 0 ,5 5 * 2 .9 2 9 7 5 ,3 3 9 $ 1 4 ,9 8 5 ,4 6 2 $ 1 3 ,4 7 1 , 4 5 9 Liabilities. 1,000,000 1 0 ,8 5 4 5 2 ,3 2 7 8 ,5 0 6 ,2 8 3 2 7 ,5 5 0 * For the six months only, Jan. 1 to June 30, T o t a l ..- ........... ................... $ 1 4 /7 4 4 ,3 9 0 Supplementary. Supplementary. T o t .a m ’ t o f p r o fits d u r in g y e a r . $ 4 6 6 ,3 4 2 * $ 2 1 7 ,3 6 3 I n L c r e d it e d d e p ’ r s s a m e p e r ’ d . 2 3 7 ,9 5 9 * 9 9 ,8 3 3 E x p . o f i n s t i t ’o n , s a m e p e r io d . 1 1 7 ,6 8 3 * 3 6 ,9 9 7 A m t . o f d iv a , d e c l’ d s a m e p e r ’ d 9 0 ,0 0 0 * 4 5 ,0 0 0 A m t .o f d e p .o n w h ic h i n t i s a il’ d 8 ,8 3 1 ,8 0 7 9 ,9 5 0 ,0 0 0 B a t e o f i n t e r e s t . . . . . . ............... . . l ^ t o 3 b ) p .o . l 1^ t o S ^ a p .o , C a p ita l S to c k ........... ................... $ 1 ,0 0 0 ,0 0 0 U n d iv id e d p r o fit s ............................ 1 ,8 2 2 ,3 8 5 D e p o s it s in t r u s t . . . . . . . ____. . . . . 6 6 4 ,1 5 4 G e n e r a l d e p o s it s p a y . o n d e m . 1 1 , 1 6 0 , 7 8 9 O th e r l i a b i l i t i e s . . . . . . . . ......... . 9 1 ,0 8 2 $ 3 0 4 ,2 9 0 1 2 5 ,8 4 1 6 5 ,0 6 4 1 5 ,0 0 9 8 ,1 4 5 ,0 0 0 l i e to 3 ta % . T o t . a m ’ t o f p r o fits d u r in g y e a r . $ 6 1 8 ,0 3 5 In L o re d ite d d c p o s’ s sam e p e r’ d 2 6 6 ,2 0 5 E x p .o f in s t it u t io n , s a m e p e r ’ d . 9 2 ,0 5 7 A in ’ t o f d iv s .d e c i’ d , s a m e p e r ’ d 1 6 0 ,0 0 0 A m t .o f d e p .o n w h ich In t.ie aU’ d 1 1 ,4 9 6 ,6 8 3 B a t e o f I n t e r e s t .... . . . . . . . . . . . . . 2 to 3 p , e . * $ 2 7 4 ,2 6 1 * 1 2 6 ,5 2 7 * 4 5 ,8 9 2 * 8 0 ,0 0 0 1 1 ,7 8 8 ,9 3 5 3 t o 8 p . o. * For the six months only, Jan. 1 to June SO. $ 5 5 6 ,5 9 9 2 3 9 ,6 2 2 9 7 ,0 8 9 160,000 1 0 .2 : 9 ,6 -*6 3 to 3 |*. <*- II Book value. February THE CHRONICLE. 1, 1902.] 247 Central Realty Bond & Trust Co. (New York). Conllnentul Trust Com puny (Now York). R esources. Resources. Dec. 31, ’01. J un e 30, ’01. B on d s and m ortgages................ $2,153,905 $2,08 5 ,3 3 9 S tock ln v 'stm ’t8(m arkot v a lu e ). 1,407,034, 1 ,065,250 A m ou n t loa n ed on co lla te ra ls . 4,141,323 4,516,288 8 3 3 /5 0 R eal estate (estim ated v a lu e ). 8 85,135 Cask on h and................................ 29,487 22,697 1,687,880 Cask on d ep osit............................ 8 11,956 D u e from b a n k s........................... ............. 48 ,0 4 2 O ther assets.................................. 5 2,417 Dec. 31, ’ 00. $ 1 ,8 7 9 ,6 3 9 686,510 2,877,456 $ 9 ,383,822 T o ta l..............................................3*10,357,181 Dec. 3 1 , ’01. $2,500 1,330,440 7,030,402 268,125 103,500 13,580 1,809,449 70,124 J un e 30, ’01. $15,000 1,131,603 9,254,284 329,300 103,500 8,272 1,246,890 63,107 Dec. 3 1 /0 0 $25,000 1,585,035 5,063,749 332,700 103,500 11,511 1,419,421 45,005 $7,09 1 ,3 6 2 T o t a l......................................... $ 1 0 ,0 2 8 ,1 2 6 $12,1 5 1 ,9 5 0 $8,580,521 Inabilities. Capital stook .................................. $ 5 0 0 ,000 Surplus fu n d .................................. 5 00,000 U ndivided p rofits......................... 5 48,450 D eposits i n t r u s t . . . . . .................. ...... G eneral d ep’ts, p ay. on d e m ’d . 9,069,419 Other lia b ilities............................ 10,257 $ 5 0 0 ,0 0 0 50 0 ,0 0 0 419,212 l,0 e 0 ,8 3 1 9,719,029 12,884 $ 5 0 0 ,0 0 0 500,000 272,394 1,003,584 6,301,716 8,8 2 7 $12,151,956 $ 8,586,521 7 4 i ,466 14,418 839,335 52,508 L ia b ilities. C apital s to ck ................................ $1,00 0 ,0 0 0 Surplus fu n d ................................. 5 0 o,0 0 0 1,205,024 U n d ivid ed p r o fits ................. D ep osits in tru st .................. 6 5,974 G en ’ l d ep osits p a y a b le on dem . 7 ,5 7 6 ,7 4 6 O ther lia b ilities............................ 9,4 3 7 $ 1 ,0 0 0 ,0 0 0 5 0 0 ,0 0 0 8 46,055 134,931 6,882,102 20 ,7 3 4 1,000,000 500,000 272,666 1,015 5,306,535 11,146 T o ta l..............................................$10,357,181 $ 9 ,3 8 3 ,8 2 2 $7,09 1 ,3 6 2 S upplem entary. T ota l am ’ t p rofits du rin g year. $1,21 3 ,6 8 2 In t. oredited depos. sam e por’ d 177,452 E x p . o f in stitu tion , sam e per’d 75,552 A m t. depos. o n wk. int. is ail’d. 7 ,497,339 R ate o f in terest............................. 2 to 4 p. o. *$705,389 *88,398 *40,976 6 ,830,667 2 to 4 p . o. 372,641 96,266 77,441 5 ,280,524 2 to 4 p. o. Central Trust Company (New York). Bonds and m o rtg a g e s................ Stock Invest’s (m arket va lu e).. Amount, loaned on co lla te ra ls. Amt. loaned on pers’l socu rlt’ s. Real estate (estim ated value). Cash on h a n d ................................ Cash on d ep osit............................. Other a ssets.................................. T o ta l.........................................$ 1 0 ,6 2 8 ,1 2 6 Supplem entary. T ot.am ’t o f profits d u rin g y ea r. $ 5 9 2 ,426 Int. credited d ep ’ s sam e per’d.. 212,114 Exp. o f institution, sam e per’d. 68,652 A m t.dlvid ’ds d eol’d, sam e per’ d 37 ,500 A m t.o fd e p .o n w h io h ln t.ls a il’d 7 ,811,762 Rate o f in terest............................1 to 3 *3 p. e. Dec. 3 1 ,’ 01. J u n e 30, ’01. Dec. 3 1 ,’00. $ 2 2 5 ,8 5 0 $ 99,409 $79,756 17,988,505 18,180,401 17,664,707 3 4 ,8 9 8 ,7 2 0 3 5 ,2 6 9 ,8 5 9 29,611,925 8,000 4 33,000 133,000 9 69,974 9 90,510 9 98,893 36,762 34,372 21.315 6 ,961,459 4,887,854 3,898,226 587,432 8 03,203 1,123,536 T o t a l......................................... $ 6 0 ,4 0 2 ,0 3 6 $ 62,529,369 $52,9 9 5 ,2 5 4 L iabilities. C apital s to ck .................................. $ 1 ,0 0 0 ,0 0 0 Surplus fu n d .................................. 12,351,148 D ep osits in tru st......................... 3,730,351 G eneral dep’ts, p ay. on dem ’ d . 4 2 ,9 6 9 ,9 1 6 Other lia b ilities............................. 350,621 $ 1 ,0 0 0 ,0 0 0 11,614,384 5,892,652 43,629,963 39 2,3 7 0 $1,00 0 ,0 0 0 10,881,416 2,145,370 38,647,951 320,517 T o t a l ..........................................$60,4 0 2 ,0 3 6 $ 62,529,369 $ 52,995,254 *$1 ,5 7 0 ,5 7 1 *560,905 *105,316 *300 ,0 0 0 4 0 ,6 2 8 ,9 4 7 1 to 3 p . o. $ 2 ,634,522 966,638 205,859 600,000 3 5 ,1 1 3 ,3 0 0 1 to 3 p. c. Resources. D ec. 3 1 ,’ 01. J u n e 30, ’ 01. Dec. 3 1 ,’ 00. $255,996 Bonds and m ortga g es................. $ 3 10,000 $25 3 ,0 0 0 12,508,923 1 2,537,840 S tock in vest, (m arket v a lu e )... 12,233,962 35,012,598 A m ount loaned on colla tera ls . 40,581,553 27,212,753 1,010,720 1,000,000 R eal estate (estim ated v a lu e ).. 1,014,061 4,553 3,446 Cash on h a n d ................................ 2,883 11,384,633 11,099,410 6,845,442 Cash on d ep osit............................ 949,331 O ther assets,................................ 1 ,199,777 1,170,011 T o ta l.......................................... $ 62,187,078 C apital s to o k ................................ $ 1 ,0 0 0 ,0 0 0 Surplus fu n d ................................ 6,606 ,545 D eposits in tru st......................... 5 4 ,3 1 6 ,897 O ther lia b ilities............................. 2 64,236 T o ta l......................................... $62,1 8 7 ,678 R esources. D ec. 31, ’ 01. J u n e 30, ’01. $ 6 2 8 ,6 7 7 $288,218 B on d s and m o rtg a g e s................ Stook in v est’s (m arket v a lu e ).. 2 ,5 4 7 ,2 9 7 3,256,055 A m ou n t loan ed on colla tera ls . 1 2 ,694,616 11,171,981 A m ’t loan ed on p ers’l secu rit’ s. 34 5 ,3 7 7 2 3 0 ,9 2 6 36,626 16,695 Cash on h a n d ................................ Cash on d ep osit............................ 2 ,679,819 3,920,609 O ther assets.................................... 68,181 79,239 $ 16,963,723 D ec. 31, ’00$243,000 2,725.102 8,702,406 291,295 23,860 2,021,787 67,286 $ 14,074,736 C apital s to c k ................................. $ 1 ,0 0 0 ,0 0 0 Surplus fu n d .................................. 1 ,000,000 U n d ivid ed profits......................... 4 8 5 ,2 7 0 D ep osits in tru st......................... 44 2,845 G en ’ l d ep osits p a y ’ble on dem . 1 5 ,6 5 6 ,7 2 4 O ther lia b ilitie s........................... 41 5 ,7 5 4 $1,00 0 ,0 0 0 1 ,000,000 4 01,563 4 1 6 ,2 0 3 13,978,645 1 67,312 $ 1 ,0 0 0 ,0 0 0 1 ,000,000 322,924 355,419 11,277,034 119,359 T o ta l......................................... $ 1 9 ,0 0 0 ,5 9 3 $ 16,963,723 $ 1 4 ,0 7 4 ,7 3 6 *$297,265 *129,637 4 3 ,3 3 7 13,848,535 2 to 3 ^ p. e. $ 5 0 5 ,2 0 4 247,222 65,687 11,146,716 2 to 3 p. o. Supplem entary. Colonial Trust Company (New York). R esources. Dee. 3 1 , ’ 01. J u n e 30, ’01 B on d s and m o rtg a g e s................ $18,250 $ 1 8 9 ,5 5 0 S tock in vestm en ts (m’ k’t v a l .) 2 ,508,449 2 ,9 2 5,9 4 0 A m ou n t loan ed o n co lla te ra ls . 14,306,086 15,707,219 A m ’t loa n ed on ners’l secu rit’ s 655,008 2,072,438 R eal estate (estim ated v a lu e).. 133,017 Cash on h an d .................... 71,432 94,290 Cash on d ep osit........................... 3,201 ,0 8 5 3,194,458 Other assets.................... 151,491 144,609 $61,1 2 5 ,6 4 7 $ 5 3 ,2 7 7 ,5 6 7 *$1,332,809 *589,958 *88,904 *150,000 49,615,001 1 to 3 p. C. $2,0 9 0 ,3 4 1 1,068,019 186,337 300,000 4 2 ,7 4 0 ,4 2 7 1 to 4 p. o. 82,999 3,018,248 278,473 $ 1 ,0 0 0,0 0 0 500,000 655,513 60,639 21,995,678 116,074 $1,00 0 ,0 0 0 5 00,000 569,958 34,378 17,173,169 124,165 T o t a l......................................... $ 21,044,818 $ 2 4 ,3 2 8,5 0 4 S upplem entary. T ot. am ’t o f p rofits d arin g yea r $ 1 ,0 9 0 ,9 0 0 *$612,562 Int. credited den’ s, sam e p er’ d 505,459 *285,418 E x p . o f in stitu t’ n, sam e p er’ d . 140,837 *66,213 A m t. o f d iv s.d e cl’ d same per’ d. 100,000 *50,000 A m ’ t o f dep. on which int. is a il’d 17,130,070 21 4 55,754 R ate o f in terest........................... 2 to 4% 2 to 4 p. o. $ 19,401,610 L ia b ilitie s. F o r the six months only, Jan, 1 to Jane 30. R esou rces. B on d s and m o r tg a g e s ......... . Stock in vestm ts. (m arket v a l.) A m ou n t loa n ed on colla te ra ls. A m t.loa n ed on p e rs’l se cu rit’ s. Cash on h and................................ Cash on d e p o sit........................... O ther assets................................... Dee. 31, ’ 01. J u n e 30, ’ 01. $ 1 4 8 ,0 0 0 $14 4 ,0 0 0 3 ,226,003 3,354,255 9 ,2 21,483 7,612,023 1 52,199 326,588 92,471 4 9 ,7 4 0 1 ,045,302 981 ,9 1 8 115,538 117,868 T o ta l..........................................$ 1 4 ,0 0 0 ,996 Dec. 31, ’00. $ 1 4 9 ,0 0 0 2,6 8 8 ,3 7 4 5,901,043 591,825 41,426 50 9 ,4 6 6 98,319 $12,5 8 6 ,3 9 2 $9,9 7 9 ,4 5 3 $500,000 500,000 5 1 1 ,1 7 4 11,075,218 $500,000 500,000 384,578 8,594,875 $ 1 2,586,392 $ 9,979,453 T o t.a m t.o f profits du rin g y ea r. $ 6 00,735 *$328,626 In t. oredited d e p ’rs, sam e p e r’d 2 14,089 *105,421 E x p . o f in stitu tio n ,sa m e p e r’d 68,542 *46,610 Am t. o f diva.R eel’ d sam e per’ d. 100,000 *30,000 A m ’ t o f dep. on w k .in t. is a il’ d. 11,789,333 10,248,921 R a te o f In terest............................ Iks to 3 p. o. l ^ t o S p . o . $411,222 146,036 58,0 9 0 20,000 8,490,000 l^ t o 3 p .o . • L ia b ilities. C apital sto c k ................................. $ 1 ,0 0 0 ,0 0 0 Surplus fu n d ................................. 1 ,000,000 U ndivided p ro fits ....................... 91,663 G en ’l dep’its p a y ’le o n dem ’nti. 11,909,333 T o ta l..........................................$ 1 4 ,0 0 0 ,9 9 6 S upplem en tary. R esources. Dec. 31, ’ 00. $161,750 2,497,441 12,320,759 1,011,940 $ 19,401,610 C apital s to c k ................................. $ 1 ,000,000 Surplus fu n d ................................ 5 0 o,0 0 0 U n divided p rofits......................... 718,423 D eposits in tru st.......................... 94,439 G eneral deposits p a y. on dem , 18,604,333 O ther lia b ilitie s........................... 127,623 $ 1 ,0 0 0 ,0 0 0 6,185,149 45,889,765 202,653 Flatbnsh Trust Company’ (Brooklyn). $ 2 4 ,3 2 8 ,5 0 4 T o ta l..........................................$21,044,818 $ 1 ,0 0 0 ,0 0 0 6,440,248 53,472,209 213,190 Fifth Avenue Trust Company (New York). Liabilities. T otal am ’ t profits du rin g y e a r $ 6 4 1 ,7 4 6 In t. cred ited d ep ’ s sam e p er’ d. 290,211 E x p . o f in stitu tion sam e per’ d. 80,603 A m t.o f d e p .o n w h ich ln t.is ail’ d 1 5 ,5 9 i,6 1 3 R ate o f in te re st......................... 2 to 4 p. e. $ 5 3 ,2 7 7 ,5 6 7 S upplem en tary. T ot.a m ’ t o f profits du rin g year. $2,41 0 ,403 Int. oredited d ep ’ s, sam e p e r’d. 1,288,193 E xp . o f in stitu tion , sam e p e r’ d. 178,500 A m t. o f d iv s.d e cl’ d. sam e per’ d. 3 50,000 A m t.o f d ep .,on w h ick in t.is a il'd 5 0 ,6 6 4 ,274 R a te o f in te re st....................... . 1 to 3 p . o. City Trust Company (New York). T o t a l..........................................$19,0 0 0 ,5 9 3 $ 6 1 ,1 2 5 ,6 4 7 L iabilities. S upplem entary. T ota l am ’t profits du rin g year. $ 3 ,1 9 3 ,1 3 0 In t. cred ited d ep ’s sam e p e r’d . 1,152,667 E x p . o f in stitu t’n. sam e p e r’ d . 2 08,536 A m ’to fd iv s . d ecl’ d, sam e p e r ’d. 6 00,000 A m t.of d e p .o n w h ich in t.is ail’ d 40,845,227 R ate o f in te re st........................... 1 to 3 p. o. $48 2 ,6 3 5 158,401 72,347 *30,000 6,304,418 1 to 4 p . c. Farmers’ Loan & Trust Co. (New York). R esources. B on d s and m o rtg a g e s................ Stook in v est’ s (m arket v a lu e ).. A m ou n t loan ed on co lla te ra ls . A m ’t loan ed on pers’l secu rit’ s. R ea l estate (estim ated v a lu e ).. Cask on h a n d ................................ Cask on d ep osit.......................... Other assets.................................. *$299,841 *98,423 *36,442 *22,500 9 ,6 5 0 ,2 9 4 1 to 4 p . C. B onds and m o rtg a g e s................ Stook in v ’stm ’ts(m ark et valu e) A m ou n t loa n ed on co lla te ra ls. A m t.loan ed on p ers’l secu rities Cash o n h an d .............................. . Cash o n d e p o s it ........................... Other assets................................... T o t a l..................................... . D ec. 3 1 /0 1 . J u n e 3 0 /0 1 . $294,150 $ 3 3 6 ,800 303,406 320,826 5 50,195 037,270 42,974 24,985 32,513 20,298 123,743 109,838 13,980 14,164 D ec. 3 1 /0 0 . $ 1 5 9 ,5 6 0 324,506 456,550 53,330 17,808 90,685 12,207 $1,40 7 ,126 $1,4 1 8 ,0 1 6 $1,1 1 4 ,6 4 6 L ia b ilities. C apital sto ck ................................. $200,000 Surplus fu n d ................................. 100,000 U ndivided p rofits....... ... 27,029 G en’ l d ep osits pa ya b le on dem. 1,066,836 Other lia b ilities............................ 13,261 $20 0 ,0 0 0 100,000 22,501 1,090,720 4,795 $200,000 100,000 15,006 797 ,2 4 7 2,393 $1,4 1 8 ,0 1 0 $1,1 1 4 ,6 4 6 *$33,115 *9,491 *9,127 $29,073 13,323 12,607 1,090,720 2 to 3 p . 0. 775,000 2 to 3 p. 0. T o ta l.................................. $1,40 7 ,126 S upplem en tary. $715,823 430,832 127,236 1 00,000 16,827,958 2 to 4 p. 0. Tot. amt. o f profits during year. $ 67,227 Int. cred ited dep os sam e p e r ’d 20,902 E xp. o f Institution sam e p e r’d. 14,125 A m t. o f dlvs. d eol’d, sam e per’d 5,000 A m t. o f dep. on w k. Int. is a il’d. 1,060,830 R ate o f In terest.................... 2 to 3 p. 0. * For the six months only, Jan, 1 to June 30. THE 48 OHKONIOLE fruttkilu Trust Company (Brooklyn), Resources. Dec. 3 1 , * 0 1 . J u n e 3 0 , * 0 1 . $ 1 0 ,0 4 6 ,1 1 4 K in g s C o u n ty T r u s t C o m p a n y (B r o o k ly n ). Dee. 3 1 , ’ 0 0 . June 3 0 , ’0 1 . Dec. 3 1 , ’ 0 0 . B o n d s a M m o r t g a g e s .................... S to c k i n v e s t ’s (m a r k e t v a l u e ) . A m o u n t lo a n e d o n c o l l a t e r a l s . A in 't lo a n e d o n p e r s ’ l s e c u r i t ’ s B e a t e s t a t e ( e s t im a t e d v a l u e ) . . C a sh o n h a n d ............................... C a sh o n d e p o s it ................................... O th e r a s s e t s .......................................... $ 2 6 4 ,2 8 3 5 5 2 ,1 5 1 7 ,5 2 2 ,5 1 4 5 7 8 ,1 9 1 2 3 2 ,0 7 7 9 0 ,5 5 7 6 4 5 ,8 6 5 8 2 ,2 7 0 $ 1 6 4 ,2 8 3 9 3 6 ,1 2 7 7 ,5 6 5 ,0 3 9 6 3 4 ,7 5 9 2 3 2 ,0 0 0 7 6 ,4 9 5 5 2 2 ,8 9 6 7 0 ,9 9 2 $ 1 4 5 ,5 3 3 1 ,5 5 9 ,8 6 0 6 ,9 0 0 ,0 0 7 6 3 9 ,1 7 2 2 3 5 ,4 1 1 7 2 ,6 6 3 5 9 0 ,0 8 6 6 9 ,6 2 6 $ 1 0 ,2 7 6 ,9 4 8 $ 9 ,5 6 6 ,0 4 6 T o t a l ................................................... $ 9 ,9 6 7 ,0 0 8 $ 1 0 ,2 0 2 ,5 9 1 $ 1 0 ,2 1 2 ,3 5 8 $ 1 ,0 0 0 ,0 0 0 2 5 0 ,0 0 0 1 ,0 1 0 ,7 8 5 2 3 8 ,5 0 3 7 ,6 7 8 ,3 5 1 9 9 ,3 0 9 $ 1 ,0 0 0 ,0 0 0 2 5 0 ,0 0 0 1 ,0 3 3 ,4 0 1 3 3 7 ,2 9 6 6 ,8 LO,4 7 0 1 3 4 ,8 7 9 C a p i t a l s t o c k ................... S u r p lu s f u n d ................... U n d iv id e d p r o fits ......................... D e p o s it s in t r u s t ............................... U e n ’ l d e p o s it s , p a y . o n d e m a n d O t h e r l i a b i l i t i e s ............................ $ 5 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 1 2 6 ,7 0 7 2 1 3 ,5 8 5 8 ,0 6 4 ,6 5 7 6 2 ,9 5 9 $ 5 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 9 7 ,1 2 4 2 5 1 ,6 3 7 8 ,1 7 0 ,3 7 3 1 8 3 ,4 5 7 $ 5 0 0 ,0 0 0 1 ,0 1 ) 0 ,0 0 0 3 6 ,5 5 0 2 5 7 ,8 0 2 8 ,2 8 3 ,8 8 1 1 3 4 ,6 2 5 $ 1 0 ,2 7 6 ,9 4 8 $ 9 ,5 8 6 ,0 4 6 T o t a l ................................................... $ 9 ,9 6 7 ,9 0 8 $ 1 0 ,2 0 2 ,5 9 1 $ 1 0 ,2 1 2 ,3 5 8 * $ 1 9 6 ,7 5 4 * 9 4 ,3 4 9 * 3 6 ,4 7 7 * 2 5 ,0 0 0 8 ,0 9 2 ,3 7 3 2 to 4 p . c. $ 3 8 5 ,6 8 8 1 7 4 ,7 4 1 6 9 ,1 5 1 5 0 ,0 0 0 8 ,2 2 3 ,8 8 1 2 to 4 p . c. Liabilities. ............................................. $ 1 0 , 0 4 6 , 1 1 4 Supplem entary, I’ o t .a m ’ r .o f p r o fits d u r l n g y e a r . I n t. c r e d it e d d e p ’ S, s a m e p o r ’ d . E x p . o f in stitu tio n , sa m e p e r’ d. A m t , o f d iv s .d e e l ’ d ,s a m e p a r ’ d . A i n t .o f d e p .o u w b i c t u n t . is a i l ’ d R a t e o f i n t e r e s t ................................. Supplem entary. $ 7 0 0 ,0 8 7 1 7 5 ,8 2 9 i 2 o ,8 8 9 1 1 5 ,0 0 0 7 ,5 0 3 ,1 8 5 2 to 4 p , o. $ 4 7 7 ,0 3 4 1 7 0 ,6 1 0 7 6 ,8 5 2 $ * 3 4 0 ,8 5 4 * 8 2 ,4 1 3 * 4 8 ,4 7 1 * 5 5 ,0 0 0 7 ,7 5 3 ,5 3 9 2 t o 4 p . o. 1 0 0 ,0 0 0 7 ,0 0 6 ,5 6 4 2 t o 4 p . o. T o t a l a in 't p r o fits d u r in g y e a r . I n t . o r e d d e p ’ « s a m e p e r i o d .. E x p . o f i n s t i t u t ’ n s a m e p e r io d . A i n 't o f d iv s . d e o l’ d s a m e p e r ’ d A m ’ t o f d e p .o u w l i io h i u t .i s a il’ d R a te o f i n t e r e s t ......... .................... bJuaranty Trust Company (New York). Resources. Dee. 3 1 , ’ 0 1 . J u n e 3 0 , ’0 1 . Dec. 3 1 . ’ 0 0 . $ 1 2 ,4 2 5 ,9 2 6 2 0 ,0 0 5 ,0 4 8 2 9 3 ,2 8 2 1 5 2 ,6 7 8 3 7 ,4 1 7 5 ,4 9 0 ,1 2 3 ................ 2 ,1 7 1 ,4 7 5 $ 9 ,7 5 1 ,5 1 5 1 1 ,1 9 6 ,3 4 4 1 ,4 2 3 ,0 0 8 1 5 0 ,9 0 6 1 9 ,3 4 0 3 ,4 5 4 ,2 8 6 ................ 2 ,6 0 0 ,6 7 1 T o t a l ................................................... $ 3 9 , 3 9 5 , 0 6 0 $ 4 0 ,5 7 5 ,9 4 9 $ 2 8 ,5 9 6 ,0 7 0 $ 3 9 ,3 9 5 ,0 6 0 $ 2 ,0 0 0 ,0 0 0 4 ,0 0 0 ,0 0 0 6 4 4 ,5 1 4 2 ,1 3 2 ,5 8 6 3 1 ,6 0 2 ,4 9 0 1 9 6 ,3 5 9 $ 2 ,0 0 0 ,0 0 0 4 ,0 0 0 ,0 0 0 2 3 2 ,^ 5 2 1 ,5 9 0 , 3 6 5 2 0 ,5 8 9 ,3 2 4 3 8 3 ,5 2 9 $ 4 0 ,5 7 5 ,9 4 9 $ 2 8 ,5 9 6 ,0 7 0 Dec. 3 1 , ’ 0 1 . B o n d s a n d m o r t g a g e s .................... $ 1 , 0 5 7 , 7 1 7 S to c k i n v e s t ’ t s ( m a r k e t v a l u e ) . 2 ,3 9 9 ,6 9 0 A m o u n t lo a n e d o n c o l la t e r a ls . 2 0 , 6 3 9 , 7 0 4 A in ’ t lo a n e d o n p e r s ’l s e c u r i t ’ s . 6 7 3 ,0 7 0 R e a l e s t a t e . ........................................... 1 5 0 ,0 1 3 C a s h o il h a n d . . . . ........................... 1 9 2 ,8 1 5 C a sh o n d e p o s i t . . ............................... 3 ,4 4 7 ,0 8 6 O th e r a s s e t s .......................................... 2 6 8 ,7 2 6 Ju n e 3 0 , ’ 0 1 . Dec. 3 1 , ’ 0 0 . $ 1 ,1 4 0 ,2 4 9 2 ,8 3 6 ,9 1 3 2 3 ,2 6 7 ,5 1 3 6 0 6 ,9 2 9 6 2 4 ,7 4 8 1 3 7 ,0 2 8 3 ,6 4 4 ,1 3 0 2 1 6 ,0 9 1 $ 4 7 9 ,1 0 0 2 ,2 3 5 ,2 7 2 1 7 ,3 6 6 ,5 5 1 5 2 0 ,9 7 6 ................ 1 7 4 ,5 3 4 3 ,2 7 2 ,5 2 0 2 6 8 ,6 6 5 T o t a l . . . . .................................. . . . . $ 2 9 , 3 1 8 , 8 2 1 $ 3 2 ,4 7 3 ,5 9 2 $ 2 4 ,3 1 7 ,6 1 8 $ 1 ,0 0 0 ,0 0 0 I ,5 u 8 ,3 9 9 4 ,6 2 8 ,8 8 4 2 1 ,9 1 1 ,3 6 6 2 7 0 ,1 7 2 $ 1 ,0 0 0 ,0 0 0 1 ,3 8 7 ,2 2 1 3 ,6 3 6 ,4 9 2 2 6 ,2 2 0 ,3 2 7 2 2 9 ,5 5 2 $ 1 ,0 0 0 ,0 0 0 1 ,1 7 3 ,7 0 9 2 ,3 5 9 ,3 2 1 1 9 ,5 7 9 ,7 3 6 2 0 4 ,8 0 2 T o t a l ....................................................$ 2 9 , 3 1 8 , 8 2 1 $ 3 2 ,4 7 3 ,5 9 2 $ 2 4 ,3 1 7 ,6 1 8 * $ 6 2 5 ,5 4 0 * 2 7 6 ,3 0 6 * 8 4 ,5 0 2 ‘ 3 5 ,0 0 0 2 3 ,8 6 4 ,2 3 9 1 to 4 p. c . $ 8 9 1 ,9 8 3 4 3 9 ,2 2 3 1 6 2 ,7 6 9 7 0 ,0 0 0 1 7 ,8 2 4 ,0 7 6 1 t o 4 p . o. L iabilities. C a p ita l s t o c k ........................................ U n d iv id e d p r o f i t s ............................. D e p o s its in t r u s t ............................... G en ’ ld e p o s its , p a y . o n d e m a n d O t h e r l i a b i l i t i e s ................................. Supplem entary. Supplem entary. T o t . a m ’t o f p r o fits d u r in g y e a r . $ 1 , 9 3 5 , 2 3 4 I n t . c r e d it e d d e p ’ s , s a m e p e r ’ d . 7 6 3 ,9 6 3 E x p . o f i n s t it u t io n , s a m e p e r ’ d . 2 1 6 ,9 8 8 A m 't o f d i v s . d e o l ’ d s a m e p e r ’ d . 3 2 0 ,0 0 0 A m ’ t o f d e p .o n w h i o h in t .i s a il 'd 2 9 , 1 0 9 , 1 4 0 R a t e o f i n t e r e s t . ............................... 1 ^ t o 4 p . e . * $ 1 ,0 9 5 ,8 1 9 * 3 6 0 ,4 3 8 * 1 0 3 ,7 1 9 * 1 6 0 ,0 0 0 3 1 ,0 7 8 ,0 9 0 1 t o 4 p . e. $ 1 ,4 3 2 ,4 5 5 5 5 3 ,3 6 3 1 9 9 ,4 7 5 3 2 0 ,0 0 0 1 9 ,9 1 7 ,1 5 0 1 t o 4 p . o. T o t a l a m ’ t p r o fits d u r in g y e a r . $ 1 , 3 0 8 , 1 8 5 I n t . c r e d it e d d e p ’ s s a m e p e r ’ d . 5 9 4 ,5 8 1 E x p . o f i n s t i t u t ’ n . s a m e p e r ’d . . 2 0 3 ,7 5 1 A m ’ t o f d iv s . d e e l’ d , s a m e p a r ’d 7 0 ,0 0 0 A m ’ t o f d e p . o n w h i c h i n t .i s a il’ d 2 2 , 5 5 5 , 2 3 8 R a te o f i n t e r e s t .................................... 1 t o 4 p . o . Hamilton Trust Company (Brooklyn). Resources. Dec. 3 1 , ’ 0 1 . B o n d s a n d m o r t g a g e s .................... S t o c k i n v e s t ’ s ( m a r k e t v a l u e } .. A m o u n t lo a n e d o n c o l l a t e r a l s . A m ’ t lo a n e d o n p e r s ’ l s e c u r i t ’ s. R e a l e sta te (e s tim a te d v a lu e ) . C a s h o n h a n d ....................................... C a s h o n d e p o s i t ................................. O t h e r a s s e t s . . . . . ................... T o t a l . . . . .......................... June 3 0 , ’0 1 . L o n g I s la n d L o a n & T r u st C o. (B r o o k ly n ). Resources. Dec. 3 1 , ’ 0 1 - D ec. 3 1 , ’ 0 0 . $ 6 3 9 ,6 7 4 1 ,3 6 4 ,4 4 6 4 ,1 6 5 ,3 7 9 1 5 7 ,7 9 9 4 0 ,5 3 0 4 0 ,4 0 2 5 9 8 ,6 4 8 2 0 3 ,1 0 5 $ 6 2 9 ,2 4 9 1 ,5 2 4 ,9 3 3 3 ,6 1 2 ,4 4 0 1 4 4 ,8 6 5 6 0 ,2 9 5 3 5 ,2 7 7 5 9 0 ,9 5 4 2 4 4 ,3 7 6 $ 6 5 1 ,6 2 4 1 ,5 6 1 ,5 5 9 3 ,1 3 0 ,3 3 4 1 5 2 ,5 8 9 5 0 ,0 6 4 4 1 ,4 2 6 1 ,1 9 0 ,0 7 1 1 6 4 ,9 5 1 $ 7 ,2 0 9 ,9 8 3 $ 6 ,8 4 2 ,3 8 9 $ 6 ,9 4 7 ,6 1 8 June 3 0 , ’0 1 . D ec. 3 1 , ’ 0 0 . B o n d s a n d m o r t g a g e s .................... S t o c k i n v e s t ’ s ( m a r k e t v a l u e ) .. A m ’ t lo a n e d o n c o l l a t e r a l s ____ A m ’ t lo a n e d o n p e r s ’l s e c u r i t ’s R e a l e s t a t e (e s t i m a t e d v a l u e ) ... C a s h o n h a n d ............................. C ash o n d e p o s it ................................... O th e r a s s e t s .......................................... $ 6 6 8 ,5 9 0 1 ,6 4 2 ,4 9 2 4 ,2 1 2 ,2 6 3 1 4 1 ,2 5 0 1 6 5 ,0 0 0 3 3 ,1 9 0 6 1 1 ,3 8 2 9 0 ,4 6 5 $ 2 1 0 ,1 9 0 1 ,6 4 3 ,0 7 1 2 ,0 3 8 ,0 9 7 1 4 0 ,7 4 9 1 6 5 ,0 0 0 3 9 ,5 7 8 2 1 8 ,6 1 7 4 0 ,9 1 5 $ 2 2 2 ,6 5 0 1 ,5 8 7 ,8 0 0 1 ,7 2 7 ,4 1 7 1 1 8 ,7 5 0 ............ $ 7 ,5 6 4 ,6 3 2 $ 4 ,4 9 6 ,2 1 7 $ 4 ,1 6 4 ,7 8 8 $ 5 0 0 ,0 0 0 $ 5 0 0 ,0 0 0 5 6 3 ,1 6 2 1 6 0 ,4 7 5 3 ,2 2 6 ,3 5 2 4 6 ,2 2 8 5 5 0 ,0 8 5 1 0 8 ,8 5 7 2 ,9 6 8 ,8 1 3 3 7 ,0 3 3 T o t a l ............................. D iabilities. C a p i t a l s t o c k ........... ............................ S u r p lu s f u n d ................... U n d i v i d e d p r o f i t s ............................ D e p o s i t s in t r u s t ............................... G e n e r a l d e p o s it s , p a y . b n d e m _ O t h e r l i a b i l i t i e s ........................ i . . . $ 5 0 0 ,0 0 0 5 0 0 ,0 0 0 3 5 9 ,7 1 8 1 6 5 ,8 2 6 5 ,2 7 3 ,1 5 6 4 3 ,6 8 9 $ 5 0 0 ,0 0 0 5 0 0 ,0 0 0 2 7 7 ,8 5 0 1 5 3 ,5 6 0 5 ,4 7 1 ,1 4 6 4 5 ,0 6 2 T o t a l . . ................ .............................. $ 7 , 2 0 9 , 9 8 3 $ 6 ,9 4 2 ,3 8 9 $ 6 ,9 4 7 ,6 1 8 C a p it a l s t o c k ........................................ $ 1 , 0 0 0 , 0 0 0 S u r p l u s f u n d ............................... 1 ,0 0 0 ,0 0 0 U n d i v i d e d p r o f i t s .............................. 3 3 7 ,3 5 5 D e p o s it s i n t r u s t ............................ 9 9 ,5 0 3 G e n ’ l d e p o s it s , p a y . o n d e m ’ d . 5 ,0 1 3 ,3 0 5 O th e r l i a b i l i t i e s .................................. 1 1 4 ,4 6 9 T o t a l . . ............................................... * $ 1 3 0 ,1 2 0 * 6 2 ,4 8 1 * 2 8 ,1 5 2 * 2 0 ,0 0 0 5 ,3 2 3 ,9 8 2 2 t o 4 p . o. $ 2 8 7 ,8 7 9 1 3 1 ,2 0 7 5 2 ,4 0 6 4 0 ,0 0 0 5 ,5 0 9 ,7 0 6 2 t o 4 p .o . T o t a l a m ’t p r o fits d u r in g y e a r . I n t . c r e d . d e p ’ s s a m e p e r i o d .. E x p . o f i n s t i m t ’n s a m e p e r ’ d . . A m ’ t d i v s . d e c la r e d s a m e p e r ’ d A m t .o f d e p ,o n vrtiioh i n t .i s a i l ’ d R a te o f i n t e r e s t ................................. D ec. 3 1 , ’ 0 1 . June 3 0 , ’0 1 . Dec. 3 1 , ’ 0 0 . * 1 1 ,7 3 4 6 2 3 ,3 6 6 9 3 ,3 9 2 2 2 8 ,6 7 5 88 1 8 ,3 2 8 4 6 ,3 5 6 $ 1 1 ,6 5 9 6 8 1 ,9 2 1 8 5 ,5 2 4 2 4 0 ,4 6 7 1 ,5 2 6 1 0 7 ,0 8 7 3 1 ,2 6 7 $ 1 1 ,6 5 9 6 2 8 ,1 4 5 1 7 8 ,3 0 9 240*467 4 0 ,0 7 3 1 ,1 1 0 2 4 ,0 1 4 $ 1 ,1 5 9 ,4 5 1 $ 1 ,1 2 3 ,7 7 7 $ 1 ,0 2 1 ,9 3 9 D iabilities. C a p it a l s t o c k ................ „ ..................... S u r p lu s f u n d ......................................... D e p o s it s in t r u s t ............................... G e n ’l d e p . p a y a b l e o n d e m a n d O t h e r l i a b i l i t i e s . . . . . . .................... T o t a l ................................ $ 5 0 0 ,0 0 0 3 9 ,2 1 7 4 1 ,6 7 2 1 1 5 ,3 6 9 3 2 5 ,6 8 3 $ 1 ,0 2 1 ,9 3 9 $ 5 0 0 ,0 0 0 6 0 ,0 4 2 4 8 ,0 1 5 2 1 0 ,4 8 7 3 4 0 ,9 0 7 $ 5 0 0 ,0 0 0 6 9 ,6 2 5 4 8 ,2 2 0 1 1 5 ,0 1 8 3 9 0 ,9 1 4 $ 1 ,1 5 9 ,4 5 1 $ 1 ,1 2 3 ,7 7 7 * $ 1 7 ,1 5 9 * 1 ,8 9 5 * 1 0 ,6 9 3 9 7 ,3 1 2 2 to 3 p . c . $ 5 6 ,1 0 6 3 ,5 8 8 S upplem entary. T o t .a m t .o f p r o fits d u r in g y e a r . I n t . c r e d it e d d e p ’ s , s a m e p e r ’ d E x p e n s , o f i n s t l t ’ n , s a m e p<-r’ d A m t . o f d e p . o n w h . I n t. a l l o w ’ d R a t e o f i n t e r e s t .................................. $ 4 6 ,0 0 0 4 ,2 1 8 4 4 ,5 2 2 9 7 ,1 4 4 2 t o 3 p . o. $ 4 ,4 9 6 ,2 1 7 $ 4 ,1 6 4 ,7 8 8 * For the six months only, Jan. 1 to June 30. $ 1 8 6 ,3 0 8 7 6 ,5 4 1 3 4 ,9 5 4 6 2 ,5 0 0 5 ,1 1 2 ,8 0 9 2 t o 4 p . o. * $ 8 3 ,4 7 5 * 3 7 ,4 4 9 * 1 4 ,8 2 2 * 2 5 ,0 0 0 3 ,3 8 6 ,8 2 8 2 t o 4 p . o. $ 2 1 1 ,4 S 7 7 1 ,6 1 3 2 8 ,3 4 5 5 0 ,0 0 0 3 ,0 7 7 ,6 7 0 2 t o 4 p. e. Resources. Dec. 3 1 , ’ 0 1 . June 3 0 . ’ 0 1 . Dec. 3 1 , ’ CO. $ 9 ,5 0 0 3 ,6 8 5 ,0 3 7 7 ,6 9 1 ,4 2 5 500 3 ,4 4 2 ,5 5 1 3 6 3 ,1 2 5 $ 9 ,5 0 0 3 ,9 2 3 .6 8 8 5 ,0 9 8 ,6 3 2 500 2 ,7 1 1 ,0 8 6 5 9 4 ,0 1 7 $ 9 ,5 0 0 3 ,3 2 5 ,0 5 2 4 ,2 7 0 .8 4 3 500 3 ,1 1 7 ,0 3 6 5 1 3 ,5 3 0 .$ 1 5 ,1 9 2 ,1 3 8 $ 1 2 ,3 3 7 ,4 2 3 $ 1 1 ,2 3 6 ,4 6 0 $ 1 ,0 0 0 ,0 0 0 2 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 2 0 0 ,0 0 0 1 ,4 8 1 , 4 5 1 4 7 1 ,4 8 0 9 ,1 7 5 ,4 9 1 9 ,0 0 1 1 ,2 8 2 ,4 9 9 6 4 3 ,7 0 8 8 ,1 0 1 .3 5 1 9 ,0 0 2 $PL2,3 3 7 ,4 * 2 3 $ 1 1 ,3 3 0 ,4 6 0 R esources. T o t a l . ..................... $ 7 ,5 6 4 ,6 3 2 Manhattan Trust Company (New York), Holland Trust Company (New York), B o n d s a n d m o r t g a g e s ...... ............ S t o c k in v e s o m ’ ts m a r k e t v a l u e A m o u n t lo a n e d o n c o l l a t e r a l s . R e a l e s ta te (e stim a te d v a lu e ). C a s h o n h a n d ................. C a s h o n d e p o s it ................... O t h e r a s s e t s ......................................... 6 1 ,9 8 6 2 5 0 ,0 8 0 9 6 ,1 0 5 Supplem entary. Siipp Lemen ta ry . $ 2 8 9 ,2 0 4 1 2 4 ,4 2 1 6 6 ,6 3 2 4 0 ,0 0 0 5 .7 0 2 ,8 1 7 2 to 4 p . e . 1 0 0 ,0 0 0 L iabilities. $ 5 0 0 ,0 0 0 5 0 0 ,0 0 0 3 4 0 ,0 1 5 1 5 1 ,5 8 0 5 ,6 1 7 ,2 0 5 1 0 1 ,1 8 3 T o t .a m ’ t o f p r o fit s d u r l n g y e a r . I n t . c r e d it e d d e p ’s , s a m e p e r ’ d . E x p . o f in s titu t’n , sa m e p e r’ d . A i n ’t o f d iv s . d e e l’ d ,s a m e p e r ’ d . A m ’t o f d e p . o n w h l c h i n t . i s a il’ d R a t e o f i n t e r e s t . . ............................ .. Y o r k ). Resources. Liabilities. T o t a l ................... $ 4 0 7 ,8 8 4 1 9 2 ,4 8 8 9 2 ,1 4 8 5 0 ,0 0 0 7 ,3 9 5 ,9 1 8 2 t o 4 p , o. K n ic k e r b o c k e r T r u s t C o m p a n y (N e w S t o c k i n v e s f t a ( m a r k e t v a l u e ) . 1 2 , 328,578 A m o u n t lo a n e d o u c o l l a t e r a l s ,, 1 7 , 2 4 0 , 5 1 3 A ’ m ’ t lo a n e d o n p e r s ’n ’ l s e o ’ t’ a 4 4 5 ,2 8 8 R e a l e s t a t e ( e s t im a t e d v a l u e ) . . 1 5 3 ,8 9 1 C a s h o n h a n d ...................... 4 0 ,7 2 3 C a s h o n d e p o s it . ..................... 4 ,4 7 0 ,8 4 0 D u e fr o m b a n k s ......... ....................... 4 ,1 8 8 ,9 9 6 O th e r a s s e t s ............................................ 5 2 6 ,2 3 1 C a p i t a l s t o c k .......................................... $ 2 , 0 0 0 , 0 0 0 S u r p lu s f u n d .......................................... 4 .5 0 0 ,0 0 0 U n d i v i d e d p r o f i t s ............................... 2 5 8 ,6 0 1 D e p o s i t s i n t r u s t ................................. 2 ,1 4 2 ,5 6 3 G e n e r a l d e p o s it s , p a y . o n d e m . 2 8 , 9 7 9 , 7 6 8 O t h e r l i a b i l i t i e s ......... .......................... 1 ,5 1 4 ,1 2 8 Resources. D ec. 3 1 , ’ 0 1 . $ 4 8 0 ,2 0 0 3 ,3 7 3 ,3 9 4 2 ,7 8 7 ,9 5 2 M U 3.741 4 9 9 ,6 3 3 1 1 2 ,5 0 9 1 ,2 8 3 ,4 3 2 2 2 0 ,1 8 5 Liabilities. C a p it a l s t o c k ........................................ $ 1 , 0 0 0 , 0 0 0 S u r p lu s f u n d .......................................... 2 5 0 ,0 0 0 U n d iv id e d p r o f i t s ................... 1 ,0 8 4 ,3 2 4 D e p o s it s iu t r u s t ............................... 2 7 5 ,3 1 0 G e n e r a l d e p o s it s , p a y . o n d e m . 7 ,3 2 9 ,3 6 8 O t h e r l i a b i l i t i e s ................................ 1 0 7 ,1 1 2 T o ta l. L X X iV $ 4 u 1 ,2 0 0 4 .7 9 3 ,0 8 6 3 ,3 4 2 ,1 7 4 9 4 8 ,0 8 0 4 5 0 ,0 0 0 1 1 4 ,4 5 7 1 ,0 5 1 ,5 3 6 8 6 ,4 1 5 B o n d s a n d m o r t g a g e s ............. .. $ 5 0 0 ,2 0 0 Stoc k i n v e s t 's ( m a r k e t v a l u e ) .. 4 ,8 3 1 ,0 6 1 A m o u n t lo a n e d o n c o l l a t e r a l s . 2 ,8 5 2 ,5 3 5 A i n 't It*au ction n e r s 'l s e c u r i t i e s 7 5 8 ,2 9 5 R e a l e s t a t e ( e s t im a t e d v a l u e ) 4 5 0 , 0 0 0 C a s h o n h a n d ................... 1 0 7 ,7 4 0 C a s h o n d e p o s i t .................................... 9 7 5 ,2 7 0 O tile r a s s e L S . . 7 1 ,0 1 3 T o t a l ...................... [V o u 26,587 9 8 ,4 7 0 2 t o 3 p . e. B o n d s a n d m o r t g a g e s .................... S t o c k i n v e s t ’t s ( m a r k e t v a l u e ) . A m o u n t lo a n e d o n c o l l a t e r a l s . C a s h o n h a n d . ...................................... C a s h o n d e p o s i t ......... .. O t h e r a s s e t s .............................. T o ta l. L iabil Hies. C a p it a l s t o c k ........................................ $ 1 , 0 0 0 , 0 0 0 S u r p lu s f u n d ........................... 1 ,0 0 0 ,0 0 0 U n c fiv id e d p r o fit s .......................... 7 3 7 ,0 1 9 D e p o s i t s in t r u s t ............................... 8 2 6 ,2 8 7 G e n . d e p o s it s , p a y a b le o n d e m . 1 1 , 6 0 2 , 8 3 2 O t h e r l i a b i l i t i e s .......................... 2 6 ,0 0 0 T o t a l ..................... $ 1 5 ,1 9 2 ,1 3 8 Supplem entary. T o t .a in 't o f p r o fits d u r in g y e a r . I n t . c r e d it e d d e p ’ s , s a m e p o r 'd . E x p .o f i n s t it u t io n , s a m e p e r ’ d. A m ’ t o f d iv s .d e e d ’ d ,s a m e p e r ’ d A m ’ t o f d e p . o n w h ic h in t .is a il’ d R a te o f i n t e r e s t ................................... $ 8 0 0 ,2 8 0 1 9 1 .H i 8 1 2 8 ,8 5 8 6 0 ,0 0 0 1 1 , 5 0 8 , 2 19 1 t o 4 p . e. * $ 2 6 3 ,5 0 3 '9 3 ,7 6 3 * 6 1 ,6 5 8 * 8 0 .0 0 0 7 ,8 8 5 ,1 8 s n ot stated * For the six months only. Jan. 1 to June 80. $ 7 5 9 ,1 1 5 1 7 9 .8 0 3 1 1 2 ,7 8 5 6 0 ,0 0 0 6 , 7 9 7 ,5 8 1 t (0 4 p. CC F e b r u a r y 1, 1902. J T H E 241) C H R O N I C L E Morton Trust Company (New York). Manufacturers’ Trust Company ( Brooklyn). Resources. Dec. 3 1 , ’0 1 . June 3 0 , ’01 . Dee. 3 1 , ’ 0 0 . R o n d s a m i m o r t g a g e s .................... S t o c k in v e s t ’ s (m a r k e t v a l u e ) . . A m o u n t lo a n e d o n c o l la t e r a ls . A m t . lo a n e d o n p t f s ’ l s e o ’ tie s . C a s h o n h a n d ....................................... C a s h o n d e p o s it .................................. O th e r a s s e t s ......................................... $ 0 6 8 ,0 3 5 1 ,8 2 2 ,3 8 8 '4 ,7 0 1 ,4 8 5 6 7 3 ,2 3 0 4 4 ,1 4 2 5 5 4 ,5 5 2 7 2 ,4 1 5 $ 4 0 1 ,5 0 0 1 ,3 4 4 ,8 4 9 4 ,8 2 9 ,3 8 8 7 2 8 ,1 7 5 4 8 ,6 2 7 5 8 3 ,4 3 2 0 6 ,1 8 7 $ 1 3 5 ,6 0 0 1 ,8 8 2 ,8 0 4 3 ,8 7 0 , 6 4 3 8 1 5 ,0 9 0 ....................................... $ 8 ,0 3 7 ,1 4 7 $ 8 ,0 6 2 ,1 5 8 $ 7 ,0 3 0 ,7 8 4 $ 5 0 0 ,0 0 0 5 0 0 ,0 0 0 3 9 2 ,4 0 3 3 1 ,3 0 1 6 ,5 7 3 ,6 0 7 3 9 ,7 7 6 $ 5 0 0 ,0 0 0 5 0 0 ,0 0 0 3 6 0 ,8 9 2 2 5 ,5 4 3 6 ,6 1 3 ,4 2 7 5 7 ,2 9 6 $ 5 0 0 ,0 0 0 5 0 0 ,0 0 0 3 3 8 ,4 8 6 1 0 3 ,1 3 2 5 ,5 6 1 ,6 8 0 2 7 ,4 8 0 ........................................ $ 8 , 0 3 7 , 1 4 7 $ 8 ,0 6 2 ,1 5 8 $ 7 ,0 3 0 ,7 8 4 8 8 ,2 2 0 7 10 , 14 4 7 8 ,1 8 3 R esources. Dec. 3 1 , ’ 0 1 . $ 7 ,6 9 2 ,5 4 0 1 9 ,2 8 9 ,2 9 4 5 ,6 1 0 ,0 0 0 2 2 ,7 8 7 5 ,6 8 5 ,6 9 8 1 ,0 4 2 ,0 1 8 ..$ 5 9 ,0 2 7 ,3 7 0 $ 0 3 ,4 9 7 ,5 8 3 $ 3 9 ,2 7 2 ,2 8 2 $ 2 ,0 0 0 ,0 0 0 2 ,0 0 0 ,0 0 0 $ 2 ,0 0 0 ,0 0 0 2 ,0 0 0 ,0 0 0 2 ,0 2 6 ,5 8 5 1 ,3 4 8 ,2 0 9 5 7 ,3 8 2 ,2 2 9 8 8 ,7 6 9 3 3 ,8 9 5 , f 0 5 2 3 ,2 0 8 $ 6 3 ,4 9 7 ,5 8 3 $ 3 9 ,2 7 2 ,2 8 2 * $ 1 ,2 6 3 ,2 8 2 * 3 5 9 ,6 6 0 * 8 9 ,2 7 9 ................ 4 9 ,6 9 5 ,3 6 9 1 t o 4 p . c. $ 1 ,1 3 1 ,3 1 8 4 0 0 ,4 2 2 2 4 6 ,4 2 6 3 0 ,0 0 0 2 8 ,2 8 0 ,2 0 7 1 to 4 p . 0 Liabilities. C a p ita l s t o c k ....................................... S u r p lu s f u n d ........................................ U n d iv id e d p r o t it s ............................. D e p o s it s in t r u s t ............................... G e n ’ l d e p o s it s , p a y ’ le o n d e n i. O th e r l ia b ilit ie s ................................... L ia b ilities. C a p it a l s t o c k ........................................ $ 2 , 0 0 0 , 0 0 0 S u r p lu s fu n d ......................................... 2 ,0 0 0 ,0 0 0 2 ,5 6 2 ,1 9 3 U n d iv id e d p r o fits ............................... D e p o s it s in t r u s t a n d g e n e r a l d e p o s it s p a y a b le o n d e m a n d . 5 2 , 3 8 0 , 9 2 1 O t h e r l i a b i l i t i e s ................................ 8 4 ,2 5 6 ....$ 5 9 ,0 2 7 ,3 7 0 T o t a l.. T o ta l. Supplemental'!). T o t . a in ’ t o f p r o fits d u r in g y e a r . I n t . c r e d ite d d e p s . s a m e p e r ’ d . E x p s . o f i n s t it u ’n , s a m e x»er’ d . A m t . o f d iv . d e c l’d , s a m e p e r’ d . A r n t.o f d e p . o n w h ic h in t. is a il’ d R a t e o f i n t e r e s t ................................. * $ 1 8 9 ,7 1 9 * 8 5 ,2 5 4 * 2 8 ,9 3 5 $ 3 5 6 ,5 0 4 1 6 9 ,8 6 2 6 9 ,9 2 5 5 0 ,0 0 0 6 ,6 0 4 ,9 0 8 2 t o 4 p . e. $ 2 6 6 ,9 1 4 1 3 1 ,4 6 4 5 2 ,8 4 6 5 0 ,0 0 0 5 ,6 6 4 ,8 1 2 2 to 3 % p . 0. * 2 0 ,0 0 0 6 ,6 3 8 ,9 7 0 2 to 4 p . o. S u p p lem en ta ry. T o t . a m t . o f p r o fits d u r in g y e a r . $ 2 , 4 5 4 , 3 2 7 I n t . c r e d it e d d e p o s . s a m e p e r ’ d 8 5 0 ,9 1 3 E x p . o f in s t it u t io n s a m e p e r ’ d . 2 5 3 ,7 8 7 ................ A m t . o f d i v s . d e c l’ d s a m e p e r ’ d A m t . o f d e p . o n w h . in t . i s a i l ’ d . 3 8 , 8 7 9 , 9 6 7 R a te o f i n t e r e s t ................................. 1 to 3 n. c Nassau Trust Company (Brooklyn). Resources. Mercantile Trust Company (New York). Resources. Dec. 3 1 , ’0 1 . J une 3 0 . ’0 1 . $ 1 9 5 ,7 3 0 B o n d s a n d m o r t g a g e s .................... S to o k i n v e s t ’ s (m a r k e t v a l u e ) .. 5 ,9 4 8 ,6 0 4 A m o u n t lo a n e d o n c o l l a t e r a l s . 4 5 ,6 3 3 ,1 8 6 A m ’ t lo a n e d o n p e r s ’ l s e c u r it ’ s 5 2 ,1 2 8 R e a l e s t a t e (e s t im a t e d v a l u e ) . . 3 5 ,3 4 5 C a s h o n h a n d ................................ 3 7 ,9 1 7 C a s h o n d e p o s it ................................... 1 2 , 8 1 5 , ( 3 0 O t h e r a s s e t s ........................................... 3 1 8 ,3 4 9 T o t a l .............................................. - ■$ 6 5 , 0 3 6 , 5 8 9 Dec. 3 1 , ’ 0 0 $ 1 9 5 ,7 3 0 5 ,7 5 1 ,7 5 9 5 1 ,6 7 5 ,6 4 9 3 ,0 0 0 3 8 ,8 4 5 3 1 ,4 2 3 1 0 ,9 /7 ,0 0 7 1 8 1 ,5 1 1 $ 1 9 6 ,7 3 0 8 ,9 0 2 ,5 8 1 3 5 ,4 7 0 ,5 2 4 3 ,3 o O 3 8 ,8 4 5 8 ,1 4 7 8 ,6 0 .0 ,8 1 0 9 7 ,9 0 8 $ 6 8 ,8 5 4 ,9 2 6 $ 5 3 ,3 1 8 ,8 4 5 L ia bilities . C a p ita l s t o c k .......................................... $ 2 , 0 0 0 , 0 0 0 S u r p lu s f u n d ......................................... 5 ,0 0 0 ,0 0 0 3 1 2 ,8 9 6 U n d iv id e d p r o fit s .............................. D e p o s i t s in t r u s t ....... ................- - 2 ,2 1 7 ,9 2 2 G e n e r a l d e p ’ t s , p a y . e n d e in ’ d . 5 4 , 5 3 8 , 5 1 3 O t h e r l ia b ilit ie s ................................... 9 6 7 ,2 5 8 $ 2 ,0 0 0 ,0 0 0 $ 2 ,0 0 0 ,0 0 0 4 ,0 0 0 ,0 0 0 8 8 5 ,1 2 3 2 ,0 2 5 ,1 8 4 5 9 ,7 2 3 ,9 7 7 2 2 0 ,6 4 2 4 ,0 0 0 ,0 0 0 5 9 5 ,6 6 2 2 ,0 5 3 , 2 1 4 4 4 ,2 1 4 ,0 6 1 4 5 5 ,9 0 8 ............... ........................$ 6 5 , 0 3 6 , 5 8 9 $ 6 8 ,8 5 4 ,9 2 6 $ 5 3 ,3 1 8 ,8 4 5 ’ $ 1 ,2 5 8 ,1 6 9 '6 7 2 ,2 1 3 * 9 6 ,4 9 5 $ 1 ,8 1 9 ,7 4 6 8 6 2 ,1 1 3 1 9 2 ,7 5 6 4 0 0 ,0 0 0 3 9 ,8 9 3 ,0 2 6 1 t o 3*2 p . c. T o ta l. Supplem entary. • T o t a l a m ’ t p r o fits d u r in g y e a r . $ 2 , 8 3 9 , 1 6 6 I n t . c r e d it e d d e p ’ s, s a m e p e r ’ d . 1 ,3 4 9 ,9 1 0 E x p . o f iu s titu t’n , sa m e p e r’d 1 8 4 ,5 0 3 A m ’t o f d i v s .d e c l’ d .s a m e p e r’ rt 5 0 0 ,0 0 0 A r n t.o f d e p .o n w h i c l i in t . is a il’ d 5 2 , 0 9 9 , 9 4 9 R a t e o f i n t e r e s t ................................. 1 t o 4 p . c ‘ 2 0 0 ,0 0 0 5 7 ,8 5 0 ,0 3 0 1 t o 3*e p . C. Merchants’ Trust Company (New York). R esources. Dec. 3 1 . ’ 0 1 . S t o c k i n v ’ s t m ’ t s ( m a r k e t v a lu e ) $ 1 , 3 1 4 , 4 0 5 A m o u n t lo a n e d o n c o l l a t e r a l s . 7 ,9 0 9 ,4 4 8 C a s h o n h a n d ....................................... 1 ,3 5 2 ,6 5 9 C a s h o n d e p o s i t ................................. 7 9 4 ,6 5 8 O th e r a s s e t s .......................................... 4 5 9 ,9 2 2 T o t a l .................................................. $ 1 1 , 8 3 1 , 0 9 2 June 3 0 ,’0 1 . Dee. 3 1 , ’ 0 0 . $ 1 ,1 0 0 ,6 1 0 7 ,9 U ,6 0 5 8 5 ,3 2 5 2 ,7 7 0 ,0 5 7 3 2 2 ,7 9 8 $ 1 ,4 0 3 ,8 6 0 3 ,1 9 8 ,2 1 0 3 2 ,1 1 3 1 ,3 7 7 ,3 3 8 1 1 ,1 5 2 $ 1 2 ,1 9 0 ,3 9 5 $ 6 ,0 2 2 ,6 7 3 L ia bilities. C a p it a l s t o c k ......................................... S u r p lu s fu n d ............................. U n d iv id e d p r o fit s .............................. G e n ’ l d e p o s it s p a y a b le o n d e m . O t h e r li a b i l i t i e s .................................. $ 5 0 0 ,0 0 0 1 ,0 0 0 , 0 0 0 2 6 0 ,6 7 7 1 0 ,0 5 7 ,0 6 6 1 3 ,3 4 9 T o t a l .................................................. $ 1 1 , 8 3 1 , 0 9 2 $ 5 0 0 ,0 0 0 $ 5 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 1 ,0 0 0 .0 0 0 1 4 2 ,1 2 1 1 0 ,5 4 0 ,7 7 4 7 ,5 0 0 7 2 ,4 5 5 4 ,4 4 9 , 1 6 7 1 ,0 5 1 $ 1 2 ,1 9 0 ,3 9 5 $ 6 ,0 2 2 ,6 7 3 S upplem entary. * $ 1 6 7 ,9 6 7 T o t .a m t o f p r o fits d u r in g y e a r . $ 4 8 7 ,8 8 3 * 7 1 ,4 5 9 I n t . c r e d it e d d e p o s . s a m e p e r ’ d 1 7 1 ,4 4 8 * 3 1 ,8 7 6 E x p . o f in s t it u t io n , s a m e p e r ’ d . 1 2 8 ,3 8 7 1 0 ,4 3 6 ,1 5 0 A m t . o f d e j). o n w h . i n t . is a il’ d . 9 ,9 2 6 ,9 5 3 R a t e o f in t e r e s t .................................. l * a t o 3 h 3 p .c . 1 * « to 3 * ^ . 0 . $ 1 7 4 ,2 1 7 8 0 ,3 7 4 2 4 ,2 2 3 4 ,3 3 8 , 1 5 3 11*10 3 ^ p .e . Resources. Dec. 3 1 , ’ 0 1 . J une 3 0 , ’ 0 1 . Dec. 3 1 , ’ 0 0 . S t o c k i n v e s t ’ s (m a r k e t v a l u e ) .. $ 5 2 6 ,0 3 3 A m ’t lo a n e d o n c o l la t e r a ls .. 1 6 ,2 5 9 ,2 7 0 R e a l e s t a t e (e s t im a t e d v a l u e ) .. 5 0 8 ,0 0 0 C a s h o n h a n d . ................................... 8 ,3 3 6 C a s h o n d e p o s it ................................... 1 ,3 4 7 ,1 6 5 O t h e r a s s e t s .......................................... 2 2 5 ,0 3 7 $ 1 ,1 3 8 ,9 9 7 1 8 ,0 4 4 ,7 7 9 4 9 8 ,0 0 0 7 ,8 3 5 1 ,5 5 5 ,4 6 5 2 4 4 ,4 4 4 $ 2 ,0 2 4 ,8 0 3 1 5 ,1 6 3 ,6 5 3 5 1 2 ,4 0 3 6 ,9 2 6 1 ,8 1 3 , 7 4 6 1 9 3 ,2 3 9 .$ 1 8 ,8 7 3 ,8 4 1 $ 2 1 ,4 8 9 ,5 2 0 $ 1 9 ,7 1 4 ,7 7 0 $ 1 ,0 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 8 9 5 ,5 2 4 1 8 ,4 8 8 ,8 7 5 1 0 5 ,1 2 1 7 0 9 ,7 7 0 1 6 ,9 2 0 ,4 5 4 8 4 ,5 1 6 $ 2 1 ,4 8 9 ,5 2 0 $ 1 9 ,7 1 4 ,7 7 0 $ * 5 4 3 ,0 3 9 * 1 9 3 .0 9 0 * 4 2 ,3 8 2 * 5 0 ,0 0 0 1 7 ,2 0 8 ,5 6 7 1 to 4 p. o. $ 8 9 5 ,1 9 5 4 0 2 ,2 7 6 8 3 ,5 4 1 Liabilities. C a p ita l s t o c k ........................................ $ 1 , 0 0 0 , 0 0 0 S u r p lu s f u n d ....................................... 1 ,0 0 0 ,0 0 0 U n d iv id e d p r o f i t s ....... 1 ,0 3 3 , 5 6 8 G e n e r a l d e p o s it s , p a y . on d e m . 1 5 , 7 7 8 , 0 1 9 O t h e r l i a b i l i t i e s ................................. 6 2 ,2 5 4 T o t a l .................................................. $ 1 8 ,8 7 3 ,8 4 1 A rn’ t o f d e p .o n w h ic h int, in a il’ d K a te o f I n t e r e s t ................................. $ 5 2 8 ,3 1 4 2 6 9 ,3 8 6 4 6 ,7 8 5 5 0 ,0 0 0 1 5 ,1 3 4 ,0 9 7 l t o 4 p . c. June 3 0 , ’0 1 . Dec. 3 1 , ’ 0 0 . $ 3 8 7 ,9 1 9 9 1 5 ,5 1 5 3 ,6 5 6 ,0 0 8 3 0 1 ,9 6 6 1 6 7 ,7 4 3 4 3 ,7 0 9 3 0 3 ,6 9 3 8 2 ,0 1 2 $ 3 9 9 ,2 1 9 1 ,1 1 2 ,7 1 0 3 ,0 9 5 ,3 3 8 4 3 4 ,5 0 6 1 6 6 ,2 6 0 2 4 ,7 8 4 5 1 5 ,3 1 0 8 6 ,7 7 4 $ 4 2 3 ,2 1 9 1 ,0 1 8 ,2 6 0 2 ,6 5 5 ,8 2 4 2 6 6 ,3 8 0 1 0 8 ,4 3 2 3 6 ,6 1 6 4 1 4 ,2 5 8 5 4 ,6 3 0 T o t a l .................................................. $ 5 ,8 5 8 ,7 6 5 $ 5 ,8 3 4 ,9 0 1 $ 4 ,9 7 7 ,6 1 9 $ 5 0 0 ,0 0 0 4 1 6 ,1 6 6 7 1 ,0 0 5 4 ,8 3 9 ,6 3 2 3 1 ,9 6 2 $ 5 0 0 ,0 0 0 4 1 1 ,0 6 9 4 4 ,7 7 1 4 ,8 5 4 ,4 9 5 2 4 ,5 6 6 $ 5 0 0 ,0 0 0 3 8 6 ,0 7 4 2 1 ,5 4 8 3 ,9 9 6 ,9 5 0 7 3 ,0 4 7 $ 5 ,8 5 8 ,7 6 5 $ 5 ,8 3 4 ,9 0 1 $ 4 ,9 7 7 ,6 1 9 * $ 1 2 1 ,5 2 5 * 5 5 ,8 5 8 * 1 7 ,2 1 6 * 1 5 ,0 0 0 4 ,8 9 9 ,2 6 6 2 t o 4 p . e. $ 1 8 5 ,2 0 8 8 9 ,2 2 8 2 8 ,0 1 2 3 0 ,0 0 0 4 ,0 1 8 ,4 9 7 2 to 4*2 p . c. L iabilities. C a p ita l s t o c k ........................................ U n d iv id e d p r o f i t s ............................. D e p o s it s i n t r u s t ......................... G e n ’ l d e p o s it s , p a y ’ b le o n d e m . O th e r l i a b i l i t i e s ................................. .............................. T o ta l. Supplem entary. T o t a l a m ’ t p r o fits d u r in g y e a r . I n t . c r e d it e d d e p ’ s , s a m e p e r ’d E x p . o f in s t it u t io n , s a m e p e r ’d A r n t.o f d iv s . d e c l’d , s a m e p e r ’ d A r n t .o f d e p .o n w b i c h i n t .i s a i l ’ d R a t e o f i n t e r e s t ........ ....................... $ 2 5 8 ,5 0 7 1 1 7 ,5 9 0 3 6 ,4 1 6 3 0 ,0 0 0 4 ,9 1 0 ,6 3 7 2 to 4 p . c. New York Life insurance & Trust (New York). Resources. Dec. 3 1 , ’ 0 1 . June 3 0 , ’ 0 1 . D ee. 3 1 , ’ 0 0 . B o n d s a n d m o r t g a g e s . . . .............. $ 3 , 5 2 5 , 4 8 7 S to c k in v e s t s , (m a r k e t v a l u e ) .. 1 1 , 0 7 6 , 5 4 7 A m o u n t lo a n e d o n c o l l a t e r a l s . 8 ,6 4 7 ,1 4 5 A m ’ t lo a n e d o n p e r s ’ l s e c u r it ’ s 7 ,2 6 7 ,6 7 8 R e a l e s t a t e (e s tim a te d v a l u e ) .. 4 6 8 ,8 4 8 C a s h o n h a n d ....................................... 2 ,0 0 0 ,0 0 0 C a sh o n d e p o s it . . . . ...................... 1 ,0 8 4 ,9 3 6 O th e r a s s e t s .......................................... 2 ,3 7 2 ,3 9 0 $ 3 ,1 8 5 ,4 8 7 1 0 ,6 7 6 ,6 5 6 6 ,6 0 3 ,7 8 9 1 2 ,0 6 8 ,5 0 1 4 6 8 ,8 4 8 $ 3 ,2 5 7 ,2 8 7 1 0 ,5 3 4 ,6 0 8 5 ,6 7 1 ,0 4 2 9 ,2 9 7 ,6 2 2 4 6 8 ,8 4 8 2 ,0 0 o ,0 0 0 2 ,0 0 0 ,0 0 0 1 ,7 1 1 , 0 3 0 2 ,3 4 6 ,6 6 5 5 3 5 ,1 0 1 2 ,3 4 8 ,0 6 1 .$ 3 6 ,4 4 3 ,0 3 1 $ 3 9 ,0 6 0 ,9 7 6 $ 3 4 ,1 1 2 ,5 6 9 C a p ita l s t o c k ........................................ $ 1 , 0 0 0 , 0 0 0 3 ,9 5 8 ,6 7 0 S u r p lu s f u n d ........................................ U n d iv id e d p r o f i t s ............................... 4 1 ,8 5 4 D e p o s its in t r u s t ............................... 2 8 , 9 1 7 , 0 1 1 O th e r li a b i l i t i e s ................................. 2 ,5 2 5 ,4 9 6 $ 1 ,0 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 3 ,9 0 0 ,3 0 0 3 3 ,4 5 2 3 1 ,6 8 7 ,8 2 7 2 ,4 3 9 ,3 9 7 3 ,7 4 5 ,7 4 3 3 7 ,9 6 5 2 7 ,0 7 1 ,6 1 8 2 ,2 5 7 ,2 4 3 T o t a l ................................................... $ 3 6 , 4 4 3 , 0 3 1 $ 3 9 ,0 6 0 ,9 7 6 $ 3 4 ,1 1 2 ,5 6 9 * $ 8 1 6 ,7 4 8 * 4 2 2 ,2 7 3 * 6 2 ,6 5 1 $ 1 ,5 8 2 ,8 3 7 9 8 0 ,3 5 6 1 6 2 ,3 4 8 4 0 0 ,0 0 0 2 7 ,0 7 1 ,6 1 8 1 t o 5 p . e. T o ta l. Liabilities. Supplem entary. T o ta l a m ’ t p r o fits d u r in g y e a r . $ 1 , 5 8 5 , 4 3 1 In t. c r e d it e d d e p ’s s a m e p e r ’ d . 8 8 7 ,3 2 5 E x p . o f in s t it u t io n , s a m e p e r ’ d 1 8 6 ,7 6 6 A m ’ t o f d iv s . d e c l ’d .s a m e p e r ’ d 4 0 0 ,0 0 0 A r n t.o f d e p . o n w h ic h i n t .is a il’ d 2 8 , 9 1 7 , 0 1 1 R a te o f i n t e r e s t ................................. 1 t o 5 p . c. * 2 0 0 ,0 0 0 3 1 ,6 8 7 ,8 2 7 1 t o 5 p . c. New York Security & Trast Co. (New York). June 3 0 , ’0 1 . B o n d s a n d m o r t g a g e s .................... $ 9 9 5 ,3 4 2 S to c k i n v e s t ’ s (m a r k e t v a l u e ) .. 1 3 , 4 7 5 , 6 9 6 A m ’ t lo a n e d o n c o l l a t e r a l s ___ 2 1 , 5 4 4 , 9 6 6 A m ’ t lo a n e d o n x*ers’ l s e c u r i t ’ s. 2 3 2 ,9 5 0 C a s h o n h a n d ........................................ 3 8 ,0 9 6 C a sh o n d e p o s it ................................... 8 ,6 8 5 ,0 6 8 O th e r a s s e t s ........................................... 2 1 8 ,1 1 9 $ 1 ,0 9 4 ,0 2 8 1 5 ,3 1 5 ,5 1 4 1 7 ,0 6 6 ,3 4 7 5 8 3 ,9 8 8 2 6 ,8 4 6 2 ,7 7 7 , 9 3 1 1 7 0 ,6 6 2 D ec. 3 1 , ’ 0 0 . $ 1 ,0 0 3 ,5 3 8 8 ,4 2 3 ,2 -1 8 ,9 4 7 ,0 3 1 7 4 2 ,2 2 8 3 2 ,3 6 5 5 ,5 1 5 , 8 1 1 1 3 1 ,0 6 7 T o t a l ...................................................$ 4 5 , 1 9 0 , 2 3 7 $ 3 7 ,0 3 5 ,3 1 6 $ 2 1 ,7 9 5 ,3 3 1 $ 1 ,0 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 2 ,5 0 0 ,0 0 0 7 9 ,1 6 2 2 ,2 5 0 ,0 0 0 1 3 4 ,5 4 4 3 3 ,3 3 9 ,7 3 0 1 1 6 ,4 2 4 2 1 ,3 6 4 ,3 0 9 4 6 ,4 7 8 $ 3 7 ,0 3 5 ,3 1 6 $ 2 4 ,7 9 5 ,3 3 1 * $ 8 8 4 ,4 9 3 * 3 4 3 ,3 4 6 * 6 2 ,8 2 8 $ 1 ,1 4 6 ,1 5 4 4 0 7 ,4 8 7 8 9 ,7 8 5 *100,000 2 0 ,0 0 0 2 3 ,0 8 5 ,9 6 2 1 to 3 p . e. 2 0 ,2 7 8 ,7 8 1 1 to 3 p . o Liabilities. C a p ita l s t o c k ......................................... $ 1 , 0 0 0 , 0 0 0 S u r p lu s f u n d ......................................... 3 ,0 0 0 ,0 0 0 U n d iv id e d p r o fit s .............................. 3 8 ,9 3 1 D e p o s its in t r u s t a n d g e n e r a l d e p o s it s p a y a b le o n d e m a n d . 4 1, 0 9 1 , 9 5 1 O th e r l i a b i l i t i e s ................................... 5 9 ,3 5 5 T o t a l ..................................................$ 4 5 , 1 9 0 , 2 3 7 Supplem entary. Supplementary. T o t .a m ’t » f p r o fits d u r in g y e a r . I n t , c r e d it e d d e p ’ s s a m e p e r ’ d K x p . o f in s t it u t 'd s a m e p e r ’ d . A m ’t o f d iv s . d e c . s a m e p e r ’d . Dec. 3 1 , ’ 0 1 . B o n d s a n d m o r t g a g e s .................... S to o k i n v e s t ’ s (m a r k e t v a l u e ) .. A m o u n t lo a n e d o n c o l l a t e r a l s . A m t lo a n e d o n p e r s ’ l s e c u r i t ’ s. R e a l e s t a t e (e s t. v a l u e ) ................ C a s h o n h a n d ....................................... C a s h o n d e p o s it .........« ....................... O t h e r a s s e t s .......................................... Resources. Dee. 3 1 , ’ 0 1 . Metropolitan Trust Company (New York). T o ta l. Dec. 3 1 , ’ 0 0 $ 8 ,2 2 0 ,0 6 1 4 2 ,3 5 6 ,1 6 8 4 , 10 5 , 0 0 0 3 8 ,6 7 5 8 ,2 3 1 ,5 5 1 5 4 6 ,1 2 8 T o ta l., T o ta l. June 3 0 , ’ 0 1 . H t o o k in v ’ s t m ’ t s (m u r k e t v a lu e ; $ 6 . 9 1 1 , 9 2 9 A m o u n t lo a n e d o n c o l l a t e r a l s . 3 4 , 7 9 7 , 3 6 0 A m t .l o a n e d o n p o r s ’ ln e o iu lUoH 4 ,4 0 2 ,0 0 0 C a s h o n h a n d ........................................ 3 4 ,1 1 8 C a s h o n d e p o s it .................................. 1 2 , 4 6 2 , 4 1 6 4 1 9 ,5 4 7 O t h e r a s s e t s . . ..................................... Ifor the six months only, Jan. 1 to June 30. 1 0 0 ,0 0 0 1 6 ,9 2 0 ,4 5 4 1 t o 4 p, o. T o ta l a in ’ t p r o fits d u r in g y e a r . $ 1 , 6 7 2 , 3 7 0 in t . c r e d it e d d e p ’ s s a m e iier’ d . 7 7 3 ,7 0 '* Exi>. o f i n s t i t u t n s a m e p e r ’ d .. 1 0 9 ,2 9 0 A m ’ t o f d iv . d e o l’ d s a m e p e r ’d .. 2 0 o ,0 0 0 A m ’ t o f d e p .o n w h ic h i n t i s a i l ’ d 2 5 ,7 4 6 , 6 1 9 R a t e o f I n te r e s t.................................. 1 t o 3*a p . c. For the six months only, Jan. 1 to June 30. >G T H E N o r th A m e r ic a n T r u s t C o m p a n y (N o w JResources, Dec. 3 1 , '0 1 . H oods and m o rtg a g e s . . . . . . . . . $ 2 6 ,4 8 9 Ht.x, k in v e stin ' is (m a r k e t v a lu e ) 4 ,7 6 0 ,2 4 3 A m u im i lo a n e d o u c o lla t e r a ls ,. 6 ,2 0 9 ,1 4 0 A m 't l o a i ie d o ii u e r s ’ 1 a e e im tie a 2 ,5 1 9 ,1 1 6 R e a l e s t a te (e s tim a te d v a l u e ) .. ........ . ,= u .m h a n d ............................... 2 9 ,6 0 3 C a s h o n d e p o s it ......................... 1 ,5 8 5 , 7 6 6 O v e r d r a f t s .......................................... . . . . -----D u e I r o m b a n k a ............................ .. 4 « 0 ,8 3 6 O th e r a s s e t s . . . . . .............................. 5 6 6 ,1 0 * 2 T o t a l . . . . . . ...................... . , . . . . . . $ 1 6 , 2 6 7 , 2 9 5 June 3 0 , ’ 0 1 . Dec. 3 1 , ’ 0 0 . ......... .. $ 5 ,1 5 0 ,6 4 5 6 ,5 0 0 ,5 7 2 1 ,0 9 0 , 0 6 9 9 8 ,6 1 1 2 ,0 5 1 ,1 0 3 3 ,5 2 4 ,9 4 3 ........ ................ 9 4 6 ,2 9 4 ............... $ 4 ,8 6 1 ,4 4 8 5 ,1 6 8 ,5 1 8 1 ,7 6 3 ,8 1 :J 3 8 ,8 4 7 2 ,6 0 7 ,1 9 0 1 ,1 4 7 ,2 * 1 7 ,1 9 9 1 6 1 ,9 6 8 7 1 6 ,6 3 2 $ 1 6 ,4 7 7 , 8 9 5 Liabilities. C a p it a l s t o c k . . . ................................ $ 2 , 0 0 0 , 0 0 0 S u r p lu s f u n d ______________ 2 ,5 0 0 ,0 0 0 2 8 4 ,8 4 0 U n d iv id e d p r o f i t s . . . ................ G e n e r a l d e p ’ ts , p a y . o n d e m a n d 1 1 , 4 4 3 , 4 9 8 O t h e r lia b ilitie s .................................. 3 8 ,9 5 7 T o t a l _______ _________ $ 2 ,0 0 0 ,0 0 0 2 ,5 0 0 ,0 0 0 2 0 9 ,2 5 3 1 4 ,6 5 6 ,3 8 2 3 5 ,9 0 2 $ 1 6 ,2 6 7 ,2 9 5 Title Guarantee & Trust Co. (New York). Y o r k ). $ 1 9 ,4 0 1 ,5 3 7 $ 1 9 ,4 0 1 ,5 3 7 $ 2 ,0 0 0 ,0 0 0 2 , 5 0 ‘ >,000 1 8 9 ,8 6 9 1 1 ,7 8 2 ,3 8 6 5 ,6 4 0 Resources. Dec. 3 1 / 0 1 . T o ta l. 6 1 5 ,2 0 2 6 9 ,5 6 5 1 9 1 ,7 5 8 1 0 0 ,0 0 0 5 ,7 6 1 ,8 5 7 2 t o 3 4 a p .o B o n d s a n d m o r t g a g e s ..................... S to c k in v e s t ’ ts (m a r k e t v a lu e ) . A m o u n t lo a n e d o n c o l la t e r a ls ., A in ’ t lo a n e d o n p e r s ’ l s e e u r it ’ s . B e a l e s t a t e (e s tim a te d v a l u e ) ,.. C a sh o n h a n d .................................... C a s h o n d e p o s it .................................. O th e r a s s e t s .......................................... $ 6 0 9 ,4 3 8 2 ,7 7 4 ,5 3 5 8 ,1 1 9 ,6 3 2 3 9 6 ,6 4 7 2 4 2 ,4 0 0 2 3 9 ,3 9 6 1 ,2 9 6 ,5 0 8 1 4 1 ,5 3 9 $ 8 3 9 ,8 6 9 2 ,9 3 0 , 3 4 7 7 ,6 7 2 ,4 5 4 4 0 7 ,0 0 6 1 4 9 ,5 0 0 1 4 3 ,5 0 8 1 ,4 1 1 ,3 7 0 1 7 2 ,3 2 2 $ 1 3 ,7 2 6 ,3 7 6 C a p ita l s t o c k ...................................... .. $ 1 , 0 0 0 , 0 0 0 S u r p lu s f u n d .................................. .. 1 ,0 0 0 , 0 0 0 U n d iv id e d p r o fits .............................. 5 6 9 ,7 4 0 D e p o s it s in t r u s t ............................. 3 1 5 ,0 4 0 G e n e r a l d e p o s its , p a y . o n d e m ., 1 0 ,6 2 0 ,2 0 9 O th e r l ia b ilit ie s ................................... 2 2 0 ,2 8 0 T o ta l. $ 1 ,0 0 0 , 0 0 0 1 ,0 0 0 ,0 0 0 5 1 7 ,8 4 8 2 8 9 ,7 6 0 1 0 ,7 7 2 ,2 3 3 2 4 0 ,2 5 4 $ 1 ,0 0 0 , 0 0 0 1 ,0 0 0 ,0 0 0 5 0 8 ,5 1 0 3 0 1 ,5 5 4 1 0 ,4 2 2 ,6 0 0 4 9 3 ,7 1 2 T o t a l ..................................................$ 1 3 , 7 2 5 , 2 7 5 $ 1 3 ,S 2 0 ,0 9 5 $ 1 3 ,7 2 6 ,3 7 6 $ 2 ,5 0 0 , 0 0 0 2 ,5 0 0 ,0 0 0 8 8 5 ,1 3 5 6 4 ,7 6 0 2 ,3 i0 ,9 1 1 1 ,4 3 1 ,8 8 8 $ 2 ,5 0 0 ,0 0 0 2 ,6 0 0 ,0 0 0 7 8 2 ,1 9 9 2 6 ,9 5 2 2 ,5 5 8 ,4 8 7 1 ,3 1 6 , 6 9 8 1 ,7 0 2 ,4 1 5 1 ,7 2 2 ,6 9 4 $ 9 ,6 8 4 ,2 8 6 ‘ $ 9 4 0 ,1 7 5 * 5 7 ,4 1 4 * 4 1 2 ,9 7 7 * 1 5 0 ,0 0 0 2 0 ,7 6 0 ,9 2 3 2 t o 4 b i p . o. $ 1 ,4 1 8 ,8 5 7 6 8 ,8 4 8 6 4 4 ,1 2 3 2 6 2 ,5 0 0 3 ,4 1 9 ,6 2 8 2 t o 4>fl p . e. Dec. 3 1 , ’ 0 1 . $ 2 7 7 ,8 3 3 B o n d a n d m o r t g a g e s ................ S to c k i n v ’ s t m ’ t s (m a r k e t v a lu e ) 8 ,2 0 3 ,8 0 9 A m o u n t lo a n e d o n c o l la t e r a ls . 1 1 , 8 3 0 , 6 3 4 A m t . lo a n e d o n p e r s ’ l s e c u r itie s 3 1 8 ,0 0 0 C a s h o n h a n d ..................... 2 7 ,8 7 4 C a s h o n d e p o s it .................................. 2 ,1 6 0 ,3 4 3 O th e r a s s e t s .......................................... 1 9 0 ,4 7 7 T o ta l. ..$ 2 3 ,0 0 8 ,9 7 0 June 8 0 , ’ 0 1 . Dec. 3 1 , '0 0 . $ 2 7 1 ,8 3 3 7 ,8 4 9 , 8 8 2 1 1 ,6 2 9 ,7 1 9 5 4 5 ,0 0 0 1 9 ,9 7 8 1 ,8 0 6 ,5 3 1 1 7 6 ,7 6 0 $ 1 8 2 ,5 0 0 5 ,1 8 4 ,7 2 8 1 1 ,1 7 5 ,0 3 4 2 1 0 ,3 3 7 1 6 ,8 5 2 9 3 9 ,2 2 0 1 4 8 ,7 1 3 $ 2 2 ,2 9 9 ,7 0 3 $ 1 7 ,8 5 7 ,3 8 4 C a p ita l s t o c k ....................................... $ 2 , 5 0 0 , 0 0 0 S u r p lu s f u n d . .. ................................... 2 ,5 0 0 ,0 0 0 U n d iv id e d p r o fit s ............................ 4 1 9 ,3 4 5 D e p o s its in t r u s t .............................. 7 2 ,0 3 9 G e n ’ l d e p o s its p a y a b le o n d e m . 1 7 ,3 9 0 ,9 9 8 O th e r li a b i li t i e s ................................ 1 2 6 ,5 8 8 $ 2 ,5 0 0 ,0 0 0 2 ,5 0 0 ,0 0 0 3 4 2 ,1 2 2 3 6 8 ,6 9 6 1 6 ,4 2 6 , 8 4 1 1 6 2 ,0 4 4 $ 2 ,5 0 0 ,0 0 0 2 ,5 0 0 ,0 0 0 2 4 5 ,8 9 4 3 7 ,7 0 2 1 2 ,5 4 6 ,5 8 4 2 7 ,2 0 4 T o ta l.. ......................................$ 2 3 , 0 0 8 , 9 7 0 $ 2 2 ,2 9 9 ,7 0 3 $ 1 7 ,8 5 7 ,3 8 4 * $ 5 3 0 ,5 8 6 * 1 7 0 ,6 0 5 * 6 9 ,0 6 3 * 1 7 5 ,0 0 0 1 6 ,5 5 8 ,8 5 9 l 1^ t o 4 p .o . 5 6 7 ,9 6 0 1 9 9 ,2 7 4 1 1 0 ,6 4 6 8 7 ,5 0 0 1 2 ,4 3 1 ,5 5 9 1^2 t o 4 p . o. Supplem entary. ’ $ 2 7 0 ,7 1 6 * 1 3 4 ,5 6 8 * 3 5 ,5 0 0 * 6 0 ,0 0 0 1 0 ,9 3 5 , 7 1 3 2 to 4 p . c. R e a l E s ta te T r u s t C o m p a n y (N e w $ 5 7 0 ,1 0 3 2 5 0 ,8 8 3 6 9 ,7 6 4 1 2 0 ,0 0 0 1 0 ,0 6 4 ,5 0 4 2 t o 4 p . o. June 3 0 , ’ 0 1 . Resources. Dec. 3 1 , ’ 0 1 . Dec. 3 1 , '0 0 $ 2 9 1 ,5 0 0 1 ,6 3 3 ,3 4 0 6 ,8 1 0 ,2 1 1 1 2 ,1 0 0 1 6 ,7 3 1 9 6 9 ,5 2 3 5 2 ,2 7 6 $ 3 2 6 ,5 0 0 1 ,7 6 0 ,1 6 0 5 ,2 8 0 .6 0 0 5 ,0 0 0 1 9 ,5 7 6 1 ,6 1 7 ,6 9 4 5 0 ,7 9 5 $ 2 9 5 ,0 0 0 1 ,5 0 6 ,6 7 2 3 ,8 6 1 ,3 7 5 1 2 ,5 0 0 2 0 ,9 1 3 1 ,0 9 1 , 7 9 0 4 5 ,6 0 3 $ 9 ,7 8 5 ,6 8 1 $ 9 ,0 6 0 ,3 2 5 $ 6 ,8 3 3 ,8 5 9 C a p it a l s t o c k ....................................... S u r p lu s f o n d ............. ........................ U n d iv id e d p r o f i t s ____________ D e p o s it s in t r u s t . . . . . ........... .. O th e r l i a b i l i t i e s . . . . . ............. $ 5 0 0 ,0 0 0 2 5 0 ,0 0 0 3 1 6 ,5 4 1 8 ,6 4 9 , 6 8 7 6 9 ,4 5 3 $ 5 0 0 ,0 0 0 2 5 0 ,0 0 0 2 9 6 ,9 3 5 7 ,9 7 2 ,7 5 9 4 0 ,6 3 1 $ 5 0 0 ,0 0 0 2 5 0 ,0 0 0 2 9 0 ,4 7 1 5 ,5 1 7 , 8 1 3 2 7 5 ,5 7 5 T o t a l ................................................. $ 9 ,7 8 5 ,6 8 1 $ 9 ,0 6 0 ,3 2 5 $ 6 ,8 3 3 ,8 5 9 T o t a l a m ’ t p r o fits d u r in g y e a r . $ 3 4 4 ,2 6 3 * $ 1 5 3 ,8 5 2 I n k c r e d it e d d e p ’ r s s a m e p e r ’ d 1 9 1 ,8 1 2 * 8 2 ,8 0 1 E x p . o f in s t it u t io n s a m e p e r ’ d 5 0 ,3 7 4 * 2 5 ,1 0 4 A m t .o f d iv s . d e e l’ d , s a m e p e r ’ d 6 0 ,0 0 0 * 2 0 ,0 0 0 A m k d e p . o n w h . in k is a llo w e d 8 ,5 7 1 ,5 5 8 7 ,8 8 9 ,0 4 1 R a t e o f i n t e r e s t . . . . ............... . . . . 1 t o 3 ^ p . e. I t o 3 * a p . e , $ 2 7 4 ,7 9 9 1 4 3 ,3 1 2 4 6 ,6 7 3 4 0 ,0 0 0 5 ,4 2 8 , 6 3 2 1 t o 3 p . o. Supplem entary. S ta n d a r d T r u s t C o m p a n y (N e w T o t a l a m ’ t p r o fits d u r in g y e a r . 9 6 5 ,5 7 5 I n t . c r e d ite d d e p o s .,s a m e p e r ’ d 3 6 9 ,4 5 2 E x p . o f in s tit u tio n , s a m e p e r ’ d. 1 3 7 ,4 8 5 A m t . o f d iv s . d e o l’ d s a m e p e r ’ d 2 6 2 ,5 0 0 A m t . o f d e p ’ s o n w h . in t. is a il’ d 1 7 , 3 6 0 , 9 9 9 R a t e o f in t e r e s t ................................. 1 ^ t o 4 p . o. Trust Company of New York (New York). Y o rk ), L iabilities. J une 3 0 / 0 1 . Dec. 3 1 , ’ 0 0 . S t o c k i n v e s t m ’ ts (m a r k e t v a i .) 1 0 6 ,2 5 0 A m o u n t lo a n e d o n c o l l a t e r a l s . ________ C a sh o n h a n d ...................................... ... ... C a s h o n d e p o s it .................................. 9 2 0 ,6 0 9 O th e r a s s e t s .......................... ......... .............................. . T o t a l .................................. $ 1 ,0 2 6 ,8 5 9 8 9 7 ,4 3 5 4 ,5 8 8 $ 2 ,2 5 6 ,5 5 8 2 ,8 4 1 ,1 2 1 161 1 ,1 9 2 ,1 9 2 7 ,0 4 6 $ 1 ,0 3 3 ,2 7 3 $ 6 ,2 9 7 ,0 7 8 $ 1 ,0 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 2 2 ,7 5 3 4 6 ,1 1 6 9 ,8 8 2 4 ,2 3 9 ,1 2 5 1 ,9 5 5 $ 1 0 6 ,2 5 0 2 5 ,0 0 0 L ia bilities. C a p ita l s t o c k ........................................ $ 1 , 0 0 0 , 0 0 0 S u r p lu s f u n d ...... ................................. ................ U n d iv id e d p r o f i t s ............................ 2 6 ,8 5 9 D e p o s it s in t r u s t .............................. ................ G e n ’ l d e p ., p a y a b le o n d e m a n d O th e r l i a b i l i t i e s ............................... ............... T o t a l ...................... . ....................... $ 1 ,0 2 6 ,8 5 9 1 0 ,5 2 0 $ 1 ,0 3 3 , 2 7 3 $ 6 ,2 9 7 ,0 7 8 * $ 6 0 ,7 1 9 * 2 7 ,6 0 9 * 2 7 .2 9 5 1 0 ,1 2 3 3 p e r cen t. $ 1 4 8 ,2 9 8 5 4 ,0 1 9 5 3 ,0 5 4 4 ,2 1 1 ,7 0 3 1 t o 84a p . o. Supplem entary. T o t a l a m t . p r o fits d u r in g y e a r . I n t . e r e d ite d d e p o s . s a m e p o r ’ d E x p , o f i n s t it u t io n , s a m e p e r ’d A m t . o f d e p . o n w h . In t. a llo w e d R a t e o f in t e r e s t .......... ........... . . . . . $ 8 3 ,6 8 7 2 7 ,6 2 5 4 1 ,5 5 3 ........ ........ Union Trust Company (New York). Y o rk ), Resources. J une 3 0 , '0 1 . Dec. 3 1 , ’ 0 0 . $ 1 7 ,5 0 0 2 ,4 1 8 , 3 7 5 7 ,1 4 7 ,6 5 1 1 5 1 ,1 5 8 2 7 ,6 2 3 3 ,9 0 8 ,9 2 0 6 0 ,0 4 9 $ 1 7 ,5 0 0 2 ,6 0 1 ,4 5 4 5 ,6 6 4 ,9 7 5 2 1 ,0 4 0 1 2 ,8 7 8 1 ,3 9 2 ,9 0 3 6 2 ,3 1 3 $ 1 7 ,5 0 0 2 ,0 9 7 ,6 7 2 4 ,7 3 9 ,4 7 4 1 3 6 ,4 1 6 2 0 ,6 9 5 2 ,4 1 8 ,5 4 4 4 4 ,4 1 0 T o t a l ................................................. $ 1 3 , 7 3 1 , 2 7 6 $ 9 ,7 7 3 ,0 6 3 $ 9 ,4 7 4 ,7 1 1 $ 1 ,0 0 0 ,0 0 0 2 5 0 ,0 0 0 2 2 6 ,7 4 3 5 2 8 ,5 4 3 7 ,7 6 7 ,7 7 7 ................ $ 1 ,0 0 0 ,0 0 0 2 5 0 ,0 0 0 1 5 6 ,1 2 6 1 3 3 ,3 4 5 7 ,0 7 9 ,1 5 1 8 5 6 ,0 8 9 $ 9 ,7 7 3 ,0 6 3 $ 9 ,4 7 4 ,7 1 1 B o n d s a n d m o r t g a g e s ................... S t o c k in v e s ’ t s (m a r k e t v a l u e ) . A m o u n t lo a n e d o n c o l la t e r a ls .. A m t . lo a n e d o n p e r s ’ l s e c u r it ’ s . C a s h o n h a n d .................. C a s h o n d e p o s i t . . . . . ...................... O th e r a s s e t s .................................... $ 2 ,5 0 0 ,0 0 0 3 ,5 0 0 , 0 0 0 5 9 ,9 8 3 3 5 ,9 0 0 2 ,6 6 3 , 0 5 0 9 4 2 ,5 8 2 Supplementary. Supplementary. Resources. Dec. 3 1 , ’ 0 1 . $ 9 ,6 8 4 ,2 8 6 L iabilities. T o t a l a m ’ t p r o fits d u r in g y e a r . $ 5 7 2 ,3 1 3 I n k c r e d it e d d e p ’ s s a m e p e r ’ d 2 7 1 ,6 5 4 E x p . o f in s tilu t’n , sa m e per’ d . 7 1 ,7 8 9 A m ’ t d iv s . d e c la r e d ,s a m e p e r ’ d 1 2 0 ,0 0 0 A m ’ t o f d e p .o n W fc lc h ih t.is a il’ d 1 0 , 3 7 5 , 5 1 0 R a t e o f i n t e r e s t o n s a m e ........... 2 t o 4 p . e. T o t a l . . . . . ............................... ) , 7 2 2 ,6 9 4 T o t a l a m ’ t p r o fits d u r in g y e a r . $ 1 , 7 6 1 , 6 5 6 in t . c r e d ite d d e p s ., s a m e p e r ’ d . 1 1 0 ,6 5 1 E x p e n s , o f inB tit’ n , s a m e p e r ’ d 7 8 8 ,3 6 1 A m t . d iv s . d e c la r e d , s a m e p e r ’ d 3 0 0 ,0 0 0 A m t . o f d e p . o n w h . in t. a lio w e d 3 ,2 4 6 , 0 6 0 R a t e o f i n t e r e s t ................................. 2 to f t p . c . Liabilities. B o n d s a n d m o r t g a g e s .................... S t o c k in v e s ’ ts (m a r k e t v a l u e ) . A m o u n t lo a n e d o n c o l la t e r a ls . A m t . lo a n e d o n p e r s ’l s e e u r it ’ s . C a s h o n h a n d ................ C a s h o n d e p o s i t . . . . . . . . . ............. O th e r a s s e t s .................. 2 3 ,3 9 8 9 8 0 ,8 5 8 6 5 0 ,5 7 2 Resources. $ 1 3 ,8 2 0 ,0 9 5 Resources. D ec. 3 1 , ’ 0 1 . 2 0 0 ,0 0 0 5 ,9 4 1 5 3 2 ,3 0 0 5 0 9 ,1 1 3 Trust Company of America (New York). June 3 0 , *01 . Dec. 3 1 , ’ 0 0 . $ 5 8 0 ,6 3 8 2 ,7 5 6 ,3 2 0 8 ,2 2 6 ,2 1 4 5 2 3 ,8 4 5 2 2 2 ,4 0 0 2 9 6 ,3 7 0 9 7 4 ,9 2 8 1 4 4 ,5 6 0 T o t a l ................................................... $ 1 3 , 7 2 5 , 2 7 5 $ 6 ,2 7 2 ,7 0 8 1 ,5 5 1 , 2 5 0 2 0 0 ,0 0 0 Liabilities. C a p ita l s t o c k ......... ................... S u r p lu s f u n d .................. U n d iv id e d p r o f i t s . . . . .................. D e p o s it s in t r u s t ............................... G e n ’ l d e p ., p a y a b le o n d e m a n d O th e r l i a b i l i t i e s . . . . . ...................... P e o p le ’s T r u s t C o m p a n y (B r o o k ly n ), Resources. Dee. 3 1 , ’ 0 1 . Dec. 3 1 , '0 0 . $ 7 ,4 4 4 ,0 9 0 1 ,0 3 1 ,2 5 0 ) ,7 0 2 ,4 1 5 $ 1 6 ,4 7 7 , 8 9 5 * $ 3 9 8 ,7 8 9 * 1 0 3 ,9 9 5 '1 0 5 ,4 1 3 * 7 0 ,0 0 0 8 ,2 9 4 ,1 9 6 2 to 4 p . e. June 3 0 , '0 1 . B o n d s a n d m o r t g a g e s __________ $ 7 ,4 1 6 ,8 1 5 S t o c k in v e s t u i’ ts (m a r k e t v a i.) 1 ,0 3 7 ,5 0 0 R e a l e s t a t e (e s t im a t e d v a l u e ) . ................ O a s h o n h a a d ............... . . .......... . 6 ,4 3 6 C a s h o n d e p o s it .................................. 7 4 5 ,8 9 2 O th e r a s s e t s ............................. . . . . . 4 9 6 ,7 7 2 Supplem entary. T o ta l a m ’ t p ro fits d u r in g y e a r . 7 8 5 ,3 5 9 I n t .o r e d it e d d e p T B s a n ie p e rio d 1 9 9 ,9 0 8 E x p .o f in s t it u t io n ,s a m e p e r io d 2 0 6 ,3 5 9 A rn ’ t o f d iv s . d e c l'd , s a m e p e r ’ d 1 4 0 ,0 0 0 A m ’ t o f d e p .o n w h i e h i n t .i s a ll’ d 6 .9 1 1 ,3 1 8 R a t e o f i n t e r e s t ...................... 2 to 4 p . o. [Y ou . L X X 1 V . C H R O N I C L E . Dec. 3 1 , ’ 0 1 . $ 8 3 9 ,1 8 8 B o n d s a n d m o r t g a g e s ................... S to c k in v e s t ’ t s (m a r k e t v a l u e ) . 1 4 , 8 3 4 , 0 2 0 A m o u n t lo a n e d on c o l la t e r a ls . 4 8 , 9 8 6 , 5 4 3 R e a l e s t a t e (e s tim a te d v a l u e ) . 1 ,9 0 0 ,0 0 0 C a s h o n h a n d . . . . . . .................. 2 ,5 4 1 ,7 2 0 C a sh o n d e p o s it .................... 1 ,7 5 5 ,2 2 4 O th e r a s s e t s ......................................... 7 1 0 ,6 3 4 T o t a l .......................................... . . . $ 7 1 , 5 6 7 , 3 2 9 June 3 0 , ’ 0 1 . D ec. 3 1 , ’ 0 0 . $ 1 ,0 9 3 ,7 1 3 1 8 ,6 1 8 ,1 7 0 4 3 ,8 6 1 ,6 6 0 1 ,9 0 0 , 0 0 0 2 ,0 0 7 ,7 8 6 2 ,2 6 6 ,1 3 7 1 ,4 4 3 ,6 7 2 $ 1 ,2 0 0 ,4 4 7 1 3 ,5 4 4 ,9 5 4 3 3 ,4 4 6 ,7 5 5 1 ,9 0 0 ,0 0 0 2 ,0 4 0 ,8 0 5 3 ,0 7 5 ,6 4 3 1 ,3 4 0 , 8 3 6 $ 7 1 ,1 9 1 ,1 3 8 $ 5 6 ,5 4 9 ,4 4 0 $ 1 ,0 0 0 ,0 0 0 $ 1 ,0 0 0 ,0 0 0 6 , 6 9 1 ,3 5 3 6 ,5 8 7 ,3 3 2 6 2 ,5 8 2 ,1 3 8 9 1 7 ,6 5 3 4 7 ,7 6 2 ,0 1 7 1 ,1 9 9 .8 9 1 $ 7 1 ,1 9 1 ,1 3 8 $ 5 6 ,5 4 9 ,4 4 0 * 1 ,2 2 4 ,3 8 2 * 6 7 6 ,3 8 4 * 1 9 4 ,3 8 3 * 1 6 0 .0 0 0 6 0 ,8 1 6 ,2 4 5 l t o 4 p. a. $ 2 ,1 4 9 ,9 5 6 L .171 9 2 4 2 8 9 .3 0 0 8 2 0 ,0 0 0 Liabilities. C a p it a l s t o c k ...................... $ 1 ,0 0 0 ,0 0 0 S u r p lu s f u n d ....................................... 2 5 0 ,0 0 0 U n d iv id e d p r o fit s ......................... 3 4 1 ,9 1 5 4 0 3 ,7 4 6 D e p o s it s in t r u s t ................ G e n ’ l d e p . . p a y a b le o n d e m a n d 9 ,7 6 3 ,9 1 4 O th e r li a b i l i t i e s ................................. 1 ,9 7 1 ,7 0 1 T o t a l .................................. $ 1 3 ,7 3 1 ,2 7 6 $ 5 1 9 ,1 2 5 1 8 2 ,8 7 3 7 0 ,8 5 3 6 0 ,0 0 0 9 ,8 3 0 ,1 1 4 2 x o 4 p . o. T o t a l . . . . . . . . . . . . .......... $ 7 1 , 5 6 7 , 3 2 9 Supplem entary. Supplem entary. T o t a l a m ’ t p r o fits d u r in g y e a r . I n t . c r e d ite d d e p s ., s a m e p e r ’ d. E x p . o f in s t it n t ’ n , s a m e n e r ’ d . A m t . o f d iv s . d e o l’ d , s a m e p e r ’ d A m t .o f d e p .o n w h i e h i n t .l s a i l ’ d R a t e o f i n t e r e s t ......... .................... Liabilities. C a p ita l s t o c k ............................. $ 1 ,0 0 0 ,0 0 0 S u r p lu s f u n d ......... ......................... 6 ,9 0 5 , 5 8 7 D e p o s it s in t r u s t a n d g e n e r a l d e p o s its p a y a b le o n d e m a n d 6 2 , 3 1 1 , 2 2 8 O th e r l ia b ilit ie s ................... 1 ,3 5 0 ,5 1 4 * $ 1 8 2 ,0 3 4 * 7 5 ,5 3 0 * 3 2 ,8 9 0 * 3 0 ,0 0 0 7 ,4 8 0 ,3 7 9 2 t o 3 * a p . o, *For the six months only, Jan. 1 to June 30. $ 3 0 6 ,1 5 9 1 0 0 ,0 9 9 5 0 ,1 1 3 N one, 6 ,2 3 4 ,5 4 1 2 t o 5 p .o . T o t a l a m ’ t p r o fits d u r in g y e a r . $ 2 , 6 9 6 , 1 8 6 1 ,4 9 6 ,7 9 3 I n t . c r e d ite d d e p ’ s, s a m e p e r ’ d 4 0 9 ,1 4 7 E x p . o f in s tit u tio n , s a m e p e r ’ d 3 2 0 ,0 0 0 A in ’ t o f d iv a ,d e c l’ d ,n a m e p e r ’ d A m t. o f d e p . on w h ic h In (.Its a il’ d 6 0 ,8 8 5 ,9 0 3 1 to 4 p . c. K a t e o f in te r e s t. * For the six months only, Jan, 1 to June 80. 4 6 ,8 6 5 ,6 5 9 4 to 4 p . <>. THE F e b r u a r y 1, 1902.) U n ite d S ta tes M o r tg a g e & T r n B t(N e w O H ItO N lO L K , 261 W a s h in g to n T r n s t C o m p a n y (N e w Y o r k ). June 3 0 . ’0 1 . Dec. 3 1 . ’ 0 0 . B o n d s a n d m o r t g a g e ! * ................ $ 9 , 8 8 2 , 4 5 1 B l o c k i n v o s t ’s (n iiir lt o t v a l u e ) .. 4 ,8 2 9 ,5 0 1 L o a n e d o n c o l l a t e r a l s ................ 7 ,4 8 2 ,1 4 5 L o a n e d o n p e r s o n a l s e c u r it ie s . 1 4 7 ,3 9 2 R e a l e s t a t e (e s t im a t e d v a lu e ).. 2 7 ,6 0 5 C a s h o n h a n d ................................ 6 8 ,2 0 1 ( ' a s h o n d e p o s i t . . . . . . ......... 4 ,5 5 3 ,6 9 5 O t h e r a s s e t s ................................ 4 9 7 ,5 1 0 $ 0 ,4 4 3 ,5 3 0 5 ,8 5 6 ,4 8 8 8 ,2 5 1 ,2 0 7 2 2 9 ,1 8 5 1 1 7 ,0 2 2 8 5 )2 9 7 4 ,0 0 4 ,4 4 0 7 3 6 ,2 5 9 $ 8 ,8 6 2 ,1 2 4 5 ,1 8 1 ,5 5 0 0 ,1 1 3 ,3 0 4 2 8 9 ,7 8 5 1 7 0 ,2 0 2 6 4 ,9 8 3 4 ,4 9 7 ,4 0 1 9 3 2 ,6 5 1 T o t a l ..........................................$ 2 8 , 9 8 8 , 4 0 6 $ 2 8 ,7 2 2 ,4 8 3 $ 2 0 ,1 4 2 ,1 2 0 C a p i t a l s t o c k .................................. $ 2 , 0 0 0 , 0 0 0 S u r p l u s f u n d .................................. 2 ,7 5 0 ,0 0 0 U n d i v i d e d p r o f i t s ......................... 3 0 0 ,7 9 8 D e p o s i t s i n t r u s t .......................... 5 9 2 ,6 9 7 G e n e r a l d e p o s it s , p a y . o n d e m .. 1 3 ,1 9 2 ,5 9 3 O t h e r l i a b i l i t i e s ............................ 8 ,1 5 2 ,3 7 8 $ 2 ,0 0 0 ,0 0 0 2 ,5 0 0 ,0 0 0 3 9 3 ,9 9 0 1 ,1 4 9 ,0 5 6 1 4 ,5 3 8 ,8 8 1 8 ,1 4 0 ,5 5 6 $ 2 ,0 0 0 ,0 0 0 2 ,5 0 0 ,0 0 0 1 7 4 ,5 2 5 4 6 8 ,9 3 0 1 2 ,9 1 0 ,1 1 3 8 ,0 8 8 ,5 5 8 T o t a l ......................................... $ 2 6 , 9 8 8 , 4 6 6 $ 2 8 ,7 2 2 ,4 8 3 $ 2 6 ,1 4 2 ,1 2 6 L ia b ilities. * $ 9 1 1 ,1 2 9 * 3 2 6 ,0 9 5 * 1 1 7 ,2 5 3 * 1 2 0 ,0 0 0 1 4 ,0 9 8 ,4 4 0 1 to 4 p. c. S ta te s T r u s t C o m p a n y (N e w $ 1 ,5 7 3 ,3 8 6 6 1 3 ,2 1 4 2 0 9 ,6 7 4 2 0 0 ,0 0 0 1 2 ,4 9 3 ,6 8 5 1 to 5 p . o. T o t a l .......................................... $ 1 0 , 2 9 3 , 1 5 9 $ 1 0 ,3 1 6 ,4 1 1 $ 8 ,9 4 8 ,3 8 1 $ 5 0 0 ,0 0 0 6 0 0 ,0 0 0 3 0 0 ,0 3 2 $ 5 0 0 ,0 0 0 5 0 0 ,0 0 0 2 5 1 ,2 1 2 8 ,9 8 0 ,9 5 0 3 5 ,4 2 9 7 ,6 5 6 ,5 2 6 : 1 0 ,6 4 3 $ 1 0 ,3 1 6 ,4 1 1 $ 8 ,9 4 8 ,3 8 1 * $ 2 4 9 ,8 9 6 * 1 1 4 ,8 6 7 * 2 9 ,6 3 1 * 2 5 ,0 0 0 8 ,9 6 2 ,4 7 0 1 to 4 p. o. $ 3 9 3 ,6 7 3 2 0 3 ,4 4 2 5 2 ,5 4 1 5 0 ,0 0 0 7 ,5 6 8 ,8 3 7 1 to 4 p. c . L ia b ilities. C a p i t a l s t o c k ................................ S u r p l u s f u n d ................................. U n d i v i d e d p r o f i t s ......................... D e p o s i t s in t r u s t a n d g e n e r a l d e p o s its p a y a b le o n d e m a n d . O t h e r l i a b i l i t i e s ............................ $ 5 0 0 ,0 0 0 5 0 0 ,0 0 0 3 2 6 ,9 7 0 8 ,9 3 5 ,5 0 0 3 0 ,6 8 9 T o t a l .......................................... $ 1 0 , 2 9 3 , 1 5 9 T o t a l a m ’t p r o fit s d u r in g y e a r . I n t. c r e d it e d d e p ’s s a m e p e r ’d . E x p . o f in s titu t ’n s a m e p e r ’d .. A m ’t o f d iv s . d e c l’d s a m e p e r ’d A m t .o f d e p .o n w h ic h in t .i s a il’d R a t e o f i n t e r e s t ........................... W illia m s b u r g Y o r k ). June 3 0 , ’ 0 1 . D ec. 3 1 , ’ 0 0 . B o n d s a n d m o r t g a g e s ................ $ 4 , 1 8 0 , 0 0 0 S t o c k in v e s t ’ts (m a r k e t v a lu e ). 7 ,1 4 0 ,1 3 5 A m o u n t lo a n e d o n c o lla t e r a ls . 5 5 ,5 0 2 ,0 9 8 A m ’ t lo a n e d o n p e r s ’l s e c u r it ’s 1 2 ,8 7 9 ,3 0 0 R e a l e s t a t e (e s t im a t e d v a lu e ) .. 1 ,0 0 0 ,0 0 0 C a s h o n d e p o s i t ............................ 5 ,5 8 0 ,8 4 4 O t h e r a s s e t s . . . . . . ............................. 7 5 4 ,0 8 5 $ 4 ,2 4 4 ,5 0 0 1 6 ,2 1 2 ,8 3 7 4 7 ,1 7 4 ,7 4 4 9 ,0 1 9 ,4 2 1 1 ,0 0 0 ,0 0 0 5 ,6 2 5 ,5 4 5 9 9 4 ,0 1 3 $ 4 ,3 6 2 ,0 0 0 2 3 ,0 2 8 ,5 8 9 3 3 ,4 9 0 ,4 0 5 7 ,7 0 1 ,1 9 5 1 ,0 0 0 ,0 0 0 5 ,3 9 6 ,4 2 6 1 ,0 8 4 ,8 1 3 T o t a l ......................................... $ 8 7 , 0 3 6 , 4 6 2 $ 8 4 ,2 7 1 ,0 6 0 $ 7 6 ,0 6 3 ,4 2 9 $ 4 4 3 ,6 0 2 4 6 ,0 7 7 0 ,0 3 5 0 ,0 0 8 ,8 5 8 ,0 1 1 to 4 p . o. 9 5 2 0 1 T r u s t C o m p a n y (B r o o k ly n ). R esou rces. D ec. 3 1 , ’ 0 1 . B o n d s a n d m o r t g a g e s ................ 8 to c k in v e s t’ts (m a r k e t v a lu e ). A m o u n t lo a n e d o n c o lla t e r a ls A m ’t lo a n e d o n p e r s ’l s e c u r it’s C a s h o n h a n d ................................ C a s h o n d e p o s i t ........................... O t h e r a s s e t s .................................. June 3 0 , ’ 0 1 . $ 1 7 2 ,7 0 0 1 ,2 8 5 ,9 5 4 2 ,7 7 1 ,5 4 6 3 2 4 ,0 9 0 4 0 ,2 0 0 2 8 0 ,1 3 1 1 4 ,2 6 7 T o t a l .................................... $ 4 ,8 8 8 ,8 8 8 D ec. 3 1 , ’ 0 0 . $ 1 5 6 ,2 0 0 1 ,3 5 1 ,5 0 1 3 ,0 9 9 ,5 2 8 3 7 7 ,6 3 4 1 5 ,9 4 1 5 5 0 ,8 7 2 4 2 ,3 2 3 $ 1 5 4 ,2 0 0 1 ,2 6 9 ,1 6 2 2 ,5 4 4 ,8 9 7 3 0 8 ,4 1 0 1 9 ,8 6 0 8 0 1 ,3 4 5 3 1 ,0 6 6 $ 5 ,5 9 3 ,4 9 9 $ 5 ,1 2 8 ,9 4 0 $ 7 0 0 ,0 0 0 3 5 0 ,0 0 0 1 3 2 ,6 4 9 4 0 ,5 0 8 4 ,3 3 5 ,8 6 5 3 4 ,4 7 7 $ 7 0 0 ,0 0 0 3 5 0 ,0 0 0 9 9 ,9 1 0 3 0 ,2 7 4 3 ,8 6 9 ,0 2 0 7 9 ,7 3 6 $ 5 ,5 9 3 ,4 9 9 $ 5 ,1 2 8 ,9 4 0 L ia b ilitie s . L ia b ilities. C a p i t a l S t o c k ................................. $ 2 , 0 0 0 , 0 0 0 S u r p l u s f u n d .................................. 1 0 , 0 0 0 , 0 0 0 U n d i v i d e d p r o f i t s ......................... 1 ,6 9 6 ,6 2 9 D e p o s its in tr u s t a n d g e n e r a l d e p o s it s , p a y a b le o n d e m a n d 7 2 ,0 4 4 ,1 8 7 O t h e r l i a b i l i t i e s ............................ 1 ,2 9 5 ,6 4 6 T o t a l ......................................... J a n e 3 0 , ’ 0 1 . D ec. 3 1 , ’ 0 0 . $ 7 6 ,1 0 0 $ 7 6 ,1 0 0 7 8 1 ,0 2 4 1 ,3 5 9 ,3 3 5 8 ,5 6 5 ,8 0 0 6 ,6 4 8 ,9 0 0 1 9 0 ,0 0 0 1 5 0 ,0 0 0 7 ,3 1 3 2 ,4 5 5 6 0 2 ,4 3 3 6 4 2 ,3 6 1 9 3 ,7 4 1 6 9 ,2 3 0 2 0 0 S u p p lem en ta ry. T o t a l a rn ’t p r o fit s d u r in g y e a r . $ 1 ,8 5 5 ,0 4 7 I n t . c r e d it e d d e p ’ s , s a m e p e i^ d . 6 3 7 ,6 8 0 E x p .o f in s t it u t io n , s a m e p e r ’d . 2 4 3 ,4 2 6 A m ’t o f d l v s .d e o l’d , s a m e p e r ’d . 2 4 0 ,0 0 0 A m ’ t o f d e p .o n w h i c h i n t .i s a il’ d . 1 2 ,3 4 7 ,5 7 0 R a t e o f i n t e r e s t ............................ 1 t o 4 p . o . R eso u rces. D ec. 3 1 , ’ 0 1 . D e c . 3 1 , ’0 1 . $ 7 9 ,1 0 0 8 3 4 ,4 4 8 ,6 8 3 ,0 0 9 0 ,0 0 3 ,5 6 2 6 0 8 ,0 3 1 9 5 ,0 2 4 B o n d s a n d m o r t g a g e s ................ S to c k ln v e s t ’ts (m a r k e t v a lu e ). A m o u n t lo a n e d o n c o lla t e r a ls .. A m t. lo a n e d o n p e r s ’l s e o u r lt ’s. C a s h o n b a n d ........................... C a s h o n d e p o s i t .................. O t h e r a s s e t s ................................ S u p p lem en ta ry . U n it e d Y o r k ). R esou rces. R esou rces. Dec. 8 1 , ’ 0 1 . 8 7 ,0 3 6 ,4 6 2 $ 2 ,0 0 0 ,0 0 0 1 0 ,0 0 0 ,0 0 0 1 ,6 0 9 ,4 5 7 $ 2 ,0 0 0 ,0 0 0 1 0 ,0 0 0 ,0 0 0 1 ,6 4 8 ,4 8 5 6 9 ,3 9 5 ,0 0 1 1 ,2 6 6 ,6 0 2 6 1 ,2 1 7 ,8 8 5 1 ,1 9 7 ,0 5 8 $ 8 4 ,2 7 1 ,0 6 0 7 6 ,0 6 3 ,4 2 9 C a p i t a l s t o c k .................... S u r p l u s f u n d .................................. U n d i v i d e d p r o f i t s ......................... D e p o s i t s i n t r u s t ........................... G e n . d e p o s . p a y a b le o n d e m ’d . O t h e r l i a b i l i t i e s ............................ ‘ T o t a l .......................................... $ 4 , 8 8 8 , 8 8 8 S u p p le m e n ta r y . S u p p lem en ta ry. T o t a l a m ’t p r o fit s d u r in g y e a r . $ 3 ,4 0 0 ,6 4 2 In t. e red . d e p ’s, sa m e p e r io d .. 1 ,8 4 5 ,9 5 6 E x p . o f in s titu tio n , s a m e p e r ’d . 1 6 5 ,5 0 6 A m ’t o f d iv s . d e o ld , s a m e p e r ’ d 1 ,0 0 0 ,0 0 0 A m t .o f d e p .o n w h ic h in t .is a il’ d 7 1 ,5 1 3 ,8 5 7 R a t e o f i n t e r e s t ........................... 1 t o 3 p . c . $ 7 0 0 ,0 0 0 3 5 0 ,0 0 0 1 2 0 ,1 3 0 1 0 3 ,3 4 4 3 ,5 8 2 ,3 5 3 3 3 ,0 6 1 * $ 1 ,6 2 9 ,8 2 9 ' $ 3 ,0 4 8 ,8 8 7 * 9 2 6 ,2 7 4 l^ liL O l* 7 * 6 7 ,0 9 3 1 4 0 ,9 2 8 * 5 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 6 8 ,7 0 7 ,3 6 1 6 0 ,5 5 9 ,3 3 9 1 t o 3 p . e. 1 t o 3*2 p . o. T o t a l a m ’t p r o fit s d u r in g y e a r . In t. c r e d ite d d e p ’s, s a m e p e r ’d . E x p . o f i n s t i t u t ’n s a m e p e r ’ d . A m t. o f d iv s . d e c l’d s a m e p e r ’d A m ’ t o f d e p .o n w h i c h i n t . is a il’ d R a t e o f i n t e r e s t ............. . ............ $ 2 2 7 ,3 1 3 * $ 1 0 8 ,2 6 0 $ 1 7 9 ,3 9 0 8 6 ,5 6 8 * 3 9 ,8 0 0 6 4 ,0 3 2 6 1 ,2 1 8 * 2 4 ,9 6 0 3 7 ,8 2 7 4 2 ,0 0 0 * 2 1 ,0 0 0 2 1 ,0 0 0 3 ,6 8 5 ,6 9 7 4 ,3 6 5 ,8 6 5 3 ,8 9 4 ,0 1 9 2 to 4 p . o. 2 to 3*2 p . c. 2 to 3*2 p . e, * F o r th e s ix m o n th s o n ly , J a n . 1 to J u n e 3 0 . ‘ F o r th e s ix m o n th s o n ly , J a n . 1 to J u n e 3 0 . a lth o u g h i t w o u ld s e e m a s i f I P k r t T e t a n g s it w ere to o e a r ly y e t to need sp e c ia l p r e p a r a tio n . I n G e r m a n y t h e s lo w liq u id a t io n c o n t in u e s . L F rom o u r o w n co r re s p o n d e n t, j t r e m e ly b a d . L ondon, S a t u r d a y , J a n u a r y 18, 1902, A c h e e r fu l fe e lin g p r e v a ils u p o n t h e S t o c k E x c h a n g e w eek. th e t h is O n c e m o r e th e b e lie f is w id e s p r e a d a t h o m e a n d on C o n tin e n t th a t M oreover, th e c o m p a n ie s le a d th e w ar is r a p id ly c o m in g t o a n en d . im p ro v e m e n ts to th e hope b e in g m ade by th e r a i lw a y t h a t t h e y w i l l b e a b le d u r in g t h e y e a r to c o n sid e r a b ly r e d u c e t h e ir o p e r a t in g e x p e n s e s and t h e r e fo r e g iv e h e lp to t r a d e ; a ls o t h e b a n k d iv id e n d s h a v e b e e n g o o d ; a n d th e d iv id e n d s so f a r a n n o n n e e d w a y c o m p a n ie s a re u p t o t h e m o s t s a n g u in e th e S to ck E xchange. The r e s u lt of th e r a il e x p e c ta tio n s is m o r e a c t iv e of b u sin e ss t h a n fo r s o m e t im e p a s t, n o t o n ly in g o ld sh a r e s , b u t e v e n in c o n s o ls a n d h o m e r a ilw a y s t o c k s . N o t m u c h h a s b e e n d o in g in fo r e ig n g o v e r n m e n t s t o c k s ; b u t t h e r e a re e x c e p tio n s . in s ta n c e , th e r e For is a d e c id e d ly b e t te r d e m a n d t h a n f o r s o m e y e a r s fo r J a p a n e se b o n d s . T h e A m e r ic a n d e p a rtm e n t m ov es a t th e b a n k in g c e n tr e s , a n d e n te r p r is e is e x t in c t fo r th e t i m e b e in g . t io n o f u n e m p lo y e d m o n e y , a lth o u g h i t is b e lie v e d t h a t th e liq u id a t io n r e s u lt in g f r o m o v e r -in v e s t m e n t in bad d o u b tle s s is t h a t m anagem ent th e la te la r g e sc a le b y s p e c u la to r s in d u s t r ia l is c o m p le t e d . One en rea so n lo a n w a s a p p lie d fo r o n a v e r y w it h o u t th e m e a n s o f p a y in g fo r w h a t w a s a llo tt e d to t h e m , a n d t h a t c o n s e q u e n tly th e m a r k e t has been som ew h at p r o p e r ly p la c e d even d is tu r b e d , y et. and 0 0 0 ,0 0 0 . The s u p p lie d w it h e n te r p r ise . th e lo a n h a s n o t b een N e x t w e e k a la r g e in s ta lm e n t o n th e lo a n fa ll s d u e ; a n d t h e m id d le o f be a s e c o n d in s ta lm e n t . n e x t m o n t h th e r e In w il l T h e t w o t o g e th e r w ill e x c e e d $ 3 0 ,- s u m o u g h t n o t t o d is t u r b a fu n d s ; but a d d itio n fo r to th e m a rk e t so o v er m om ent it d isc o u r a g e s a ll t h is , p r e p a r a tio n s a re b e in g m a d e fo r se v e r a l lo a n s w h ic h a r e k n o w n t o b e c o m in g o u t in P a r is b e fo r e lo n g f o r v a r io u s era m e a t s a n d fo r p r e p a r a tio n s a re of S t i ll, th e r e is a b e t te r fe e l in g t h a n th e r e w a s ; b u t w h a t e v e r i n v e s t m e n t is g o i n g a n d m u n ic ip a l s e c u r itie s . m illio n m a r k s , o r 5 % w e e k , b e a r in g on is m a i n ly in G overnm ent A n I m p e r ia l G e r m a n lo a n f o r 115 m illio n s s t e r lin g , is c o m i n g o u t n e x t in te r e s t a t 3 p e r c e n t , t h e is s u e p r ic e b e i n g j u s t a trifle u n d e r 9 0 . A t t h e s a m e t im e t h e r e w i l l a ls o c o m e out a f o r 185 m illio n m a r k s , o r P r u s s ia n lo a n m i lli o n s s t e r lin g . T o g e t h e r t h e t w o lo a n s w i l l m a k e n e a r ly $ 7 5 ,0 0 0 ,0 0 0 , No d o n b t is e n t e r t a in e d , h o w e v e r , t h a t t h e y w i l l b e s u c c e s s f u lly p la c e d . tie s F u r th e rm o re , th e a r e b o r r o w in g v e r y r a p id ly , a n d t h e ir b o n d s a re ta k e n e x c e e d in g ly w e l l . q u it e G e r m a n m u n ic ip a li b e in g T h e 3 % s o f t h e le a d in g m u n ic ip a li tie s a re n o w v e r y n e a r ly u p t o p a r . I n R u s s ia t h e c r isis is a s b a d a s e v e r , a n d A u s t r i a -H u n g a r y I n P a r is b u sin e ss is s t a g n a n t in s p ite o f t h e v a s t a c c u m u la and ex em p lo y m e n t. M o n e y is b e g in n in g t o a c c u m u la t e in v a s t a m o u n t s w it h th e m o v e m e n t s in N e w Y o r k . te r p r ise T r a d e is L a r g e n u m b e r s o f w o r k p e o p le a r e o u t o f th e s m a lle r E u r o p e a n g o v se v e r a l fo r e ig n m u n ic ip a lit ie s . a lr e a d y b e in g m a d e f o r th e la r g e P o s s ib ly R u ssia n lo a n t h a t is k n o w n t o b e c o m in g o u t s o m e t im e in th e y e a r , is s t ill in s t r u g g le s . in g a th e re fo rm th ro u gh . th ro es of tr a d e d e p r e s s io n a n d n a t io n a lit y T h e p r e s e n t S p a n is h F in a n c e M in is t e r is a t t e m p t w h ic h D a r in g i t is h o p e d th e h e w i l l b e a b le t o c a r r y lo n g e ffo r t t o m a in t a in h e r a u t h o r i t y o v e r h e r c o lo n ie s , S p a in b o r r o w e d fr o m th e B a n k o f S p a in im m e n s e s u m s , a n d to m a k e t h e lo a n s th e B a n k o f S p a in h a d t o in c re a se e x c e s s iv e ly it s c ir c u la t io n , w it h th e r e s u lt t h a t th e n o te s h a v e v e r y g r e a t ly d e p r e c ia t e d , t o t h e s e r io u s d is a d v a n t a g e , n o t o n ly o f t h e G o v e r n m e n t , b u t o f a ll w h o h a v e t o m ake p a y m e n ts abroad. d e a v o r in g t o p a y o ff t h e la s t w eek he The n e w F in a n c e M in is t e r is e n G overnm ent lo a n t o t h e B a n k , a n d is s u e d 125 m illio n p e se ta s, o r a b o u t 25 m illio n d o lla r s , n o m in a lly o f T r e a s u r y a p p lic a tio n s b e a r in g o n ly 3 p e r c e n t in te r e s t a n d r u n n in g fo r th r e e , s ix a n d t w e l v e m o n t h s . U n f o r t u n a t e ly t h e c r e d it o f t h e G o v e r n m e n t is t o o lo w f o r t h is k in d o f is s u e , a n d t h e r e fo r e t h e s u b s c r ip t io n s w e r e b y n o m e a n s s a t is fa c t o r y . S t i ll, th e F in a n c e M in is te r p r o fe sse s h is d e te r m in a t io n t o g o o n w it h h is p o lic y a n d t o in sist u p o n t h e B a n k o f S p a in r e d u c in g it s n o te c ir c u la t io n a s th e G o v e r n m e n t d e b t t o it is d e c r e a s e d . 2 5 2 T H E C H R O N I C L E Money had continued plentiful and cheap throughout the week, although on Thursday, which was Stock Exchange pay-day, the open market had to borrow from the Bank of England. The Continental demand for gold, however, is strong. Bar gold has been going every' day during the week to Paris, and there is likewise a demand for Vienna. For the moment the Bank of England is strong enough to permit this state of things to continue, believing that the revenue collections will soon give it entire control of the market. When once it gets control it ought to be able to maintain rates, seeing how cheap money is becoming all over the Continent and how entirely absent is enterprise. If the present feeling here at home continues there possibly may be an increase of new enterprise, which would augment the de mand for banking accommodation and therefore lessen the supply of money in the open market. Meantime money is rising in value in India, as it always does at this time of the year. Daring the week the Bank of Bombay and the Bank of Bengal have raised their rates of discount from 6 per cent to 7 per cent. Naturally, therefore, the India Council is selling its bills well. It of fered for tender on Wednesday 60 lacs, and the applications exceeded 1,244 lacs. The whole amount offered was allotted, 5b lacs being in bills for which applicants at Is. 4 l-32d. got only about 7 per cent of what they applied for. Appli cants for somewhat under 2 lacs of telegraphic transfers at Is. 4 1 10d. per rupee were also allotted 7 per cent. Later in the day small amounts were sold by special contract in bills at Is, 4 l-16d. per rupee. The following return shows the position of the Bank of England, the Bank rate of discount, the price of consols, &e Circulation,.,.......................... Public deposits........................ Other deposits-----------------aovernmeiu securities...,...,, o t h e r securities... ............ Reserve of notes and coin....... C o in & b u liio n .b o t h d e p a r t m ’ t s P r o p , r e s e r v e t o l i a b i l i t i e s . . p . a. 1902. 1901, 19C0. Jan. 16. Jan. 18. Jan. 17. x s a 20,293,240 89,119,81688,222,825 10,827,907 7,(83,663 10,601,654 42,040,980 43,714,74048,610,186 20.872,639 18,097,471. 19,067,167 26,796,66/ 81,062,744 80,101,921 28,869,790 lt),8ss,0ifl 33,113,428 34,977,030 3 1 , 1 8 9 , 3 8 1 84,688,258 41% 1899 Jan. 1 8 X 2 6 ,6 8 6 ,6 0 0 8 ,0 0 3 ,8 7 3 4 1 .1 1 6 ,2 0 6 1 3 ,3 8 7 ,0 8 6 8 1 ,7 6 1 ,9 0 9 2 2 ,1 0 2 ,9 0 6 3 1 ,9 8 8 ,6 0 6 4 4 1 3 -1 6 1 3% 1 1 1 6-16 4 2 9 -1 6 38% Rank rate................... per cent. 4 6 *416 Oonsols, 2% per cent............ 9315-16 86 15-16 100% Silver................................ 369-60. 29 8-ied. C l e a r i n g - H o u s e r e t u r n s . ......... 169.18i.000 227,057,000 196,283,000 * January 18. 3727%Q.. 6-16d. 199,603,000 + January 19. The rates for m oney have been as follow s: D ec. Jan. U II Si 28 4 11 18 I n t e r e s t a llots sd f o r d ep o sits by O v en M a r k e t B a t e s * e S3 London. rie si 8 M o n th s. 4 M o n th s . 3% 3% 3 7 -1 6 3% 9% S 1 -1 0 8% 4 4 4 4 1 2 1 5 -l« t@ 3 J o in t D ie t - H ’ s . S tock A t 4 M o s. B an ks Call D a w I r a d e B ills , Bank B i l ls . d M o n th s . 3 M os. m 8% 8% 8% @ 8% S 1 -lr t 3% 8 8% @ 4 8% @ 4 8H 8hi 4 m u 4 3% su m 3M m 3% 8% 3% 2 sm m m 2% 2% 8* m 2U 814 3H The Bank rate of discount and open market rates at the chief Continental cities have been as follows: Jan. 1 7 . 1 B a tes ot I n te r e s t a t P a r i s ................... B e r l i n . .............. H a m b u r g ........... F r a n k f o r t .......... A m s t e r d a m ....... B r u s s e l s .............. V i e n n a ............ . S t. P e t e r s b u r g .. M a d r i d ............ C o p e n h a g e n . .. Bank B a te. Open M a rk et 3 4 4 Bank B a te. 2U 3 2 4 4 4 8 8 4 2 2 4k 8 8 4 5% 4 4% Jan, 1 0 . 2% 3% 8 nom = 8% . O pen M a rk et Bank B a te. 4 4W O'Pen M a rk et 3 4 4 4 3 3 4 m 2% m 2% 2% 2% 8% m 4% Jan. 8 , nom , 4 5% 4 5 4% 2M 2% 2% 2% 2% 2% m nom . 4 6 D ec. 2 7 . Bank B a te. 3 4 4 4 S 8 4 5 * 4 6 Open M a rk et 2M 3% The following shows the imports of cereal produce into the United Kingdom during the nineteen weeks of the season compared with previous seasons: IMPORTS. 1 9 0 1 -0 2 . im p ’t e o t w h e a t , e w t .2 3 ,7 6 2 0 0 0 ......... .............. 1 1 ,5 5 5 ,7 0 0 H a t h -................. ................. 7 , 5 8 0 , 5 0 0 i 'e a s ................. - ................ 7 5 3 ,1 0 0 B ea n e.................... 8 6 8 ,6 0 0 In d ia n c o r n . . . . ........ . . . . 1 6 . 6 2 6 , 9 0 0 ......... .. 8 ,5 0 4 , 8 0 0 Supplies available for consumption (exclusive of stocks on September 1): m 1 9 0 1 -0 2 . W h e a t I m p o r te d , o w t .2 3 ,7 6 2 ,0 0 0 Im p o r ta n t f l o u r . . . . . . 8 , 6 0 4 ,3 0 0 S a ie s o f h o m e -g r o w n 1 1 ,3 1 1 ,9 9 3 T o t a l . . . ............... 4 3 ,8 6 8 ,2 9 8 a v e r .p r ic e w h e a t ,w e e k .2 7 s . A v e r a g e p r ic e , s e a s o n .2 6 s . L on d on Standard. 16. 9. B a r g o ld , f i n e . . . . o z . 0 . S . g o ld c o i n . . . o z . G e r m ’ n g o ld c o ln .o z . F r e n c h g o ld o o ln .o z . Jap an ese y e n ....o z . * N o m in a l. 5 5 5 4% 76 76 76 76 ie v e s . L on d on S tandard. 8. d. 3, d. 77 1 0 % 77 1 0 76 76 76 76 S 4% 5 5 4% B a r s i l v e r , fin e .. . o z . D o 2 m o . d e liv e r y B a r s i l v e r , o o n t a ln ’ g 6 g r s . g o l d .o z . d o 4 g r s , g o l d .o z . 8 g r s . g o l d .o z . C a k e s l i v e r .............oz. M e x ic a n d o lla r s oz. do do 1 8 9 9 -0 0 . 2 2 ,6 4 1 ,8 0 0 8 ,1 8 0 , 6 0 0 1 2 ,5 5 2 ,1 9 4 1 8 9 8 -9 9 . 1 8 ,6 5 1 ,1 0 0 6 ,5 7 5 ,4 3 0 1 1 ,0 0 2 ,9 4 6 4 4 ,8 6 0 ,8 4 6 4 8 ,3 2 4 ,0 9 4 3 6 ,2 8 9 ,4 7 0 26s. 27s. 8d. 7d. 25s. 26s. 9d, Od. 27s. 27s. Oil. Od. This week. Last week. W h e a t ............. . . . q r s . . . 2 , 8 1 0 , 0 0 0 f l o u r , e q u a l to q r s . . . 2 9 0 , 0 0 0 M a ize. -- ...........a r s . . . 9 0 0 . 0 0 0 R u e llt h 1900. 2 ,2 8 0 ,0 0 0 3 8 0 ,0 0 0 2 ,0 4 0 ,0 0 0 3 7 0 ,0 0 0 1 ,0 1 6 .0 0 0 1899. 1 ,0 4 5 ,0 0 0 2 2 0 ,0 0 0 830-000 705.000 F i n a n c i a l M a r k e t * — l* © y C a b l e . The dally closing quotations for securities, eto., at London are reported by cable as follows for the week ending Jan, 81. Lokdom, Sat. Mon. S ilv e r , p e r o u n c e ......... d. O o n so ls., n e w . 2 % p .o t s . F o r a c c o u n t ....... ............ 4*r’ oh r e n te s (in P a r is ) fr . S p an ish 4 b ...................... .. A n a con d a M in i n g ....... A t c h .T o p . <fe S a n ta F e .. P r e f e r r e d . . . . . . ........... .. B a ltim o r e & O h i o . . . . . . P r e fe r r e d ........ .. C a n a d ia n P a c ific ............ C h e sa p e a k e «ft> O h i o . . . . O hioa. G r e a t W e s t e r n .. Ohio. M B . & S t. P a u l . . . D en . & R io G r ., c o m .... Do d o P r e fe r r e d , E rie, c o m m o n ............. 1 s t p r e f e r r e d .................. 2d p r e f e r r e d .......... I llin o is C e n t r a l . . . . . . . . . L o u is v ille <fe N a s h v il le .. M e x ic a n C e n t r a l . . . . . . . M e x ic a n N a t i o n a l ._____ M o . K a n . &, T e x ., c o m .. P r e fe r r e d ........... ST. Y . C e n t 'l & H u d s o n .. N. Y . O n ta r io & W e s t ’ n N o r fo lk & W e s t e r n ......... Do do p r e f. P e n n s y lv a n ia ................... * P h ila . & R e a d . . . . . . . . . *P h ila . & R e a d , ,1 s t p r e f • P h ila . & R e a d ., 2 d p r e f. S o u th e rn P a c if ic .. . . . . . . S o u th ’ n R a il w a y , c o m ,. P r e f e r r e d . . . . .......... . U n io n P a c i f i c . . . . . . . . . . . P r e f e r r e d . . . . . . ........... U . S . S te e l O o r p ., c o m .. Do do p r e f .. W a b a s h ..____. . . . . . . . . . . . Do p r e f e r r e d .. . . . . . Do D eb. " B ” . . . . . . 2 5 7 la 93 % 9 8 1 5 (0 0 0 -4 2 % 77 6% 77% 99 105 98% 117 47% 23% 166% 25% 9 3 1 3 ,6 93% 1 0 0 -3 0 77% 6% 78% 98% 104% 98% 116% 46% 23 165% 43% 94 39% 71% 57 142% 107% 29 16 25 53% 184 33% 57% 94% 76 28 41% 31 59% 32% 94% 102% 90 43% 96% 22% 42% 69% 44 93% 40 72% 57% 142% 107 % 29 15% 25% 54 165% 34% 57% 94% 78% 28% 42% 31% 00% 33 95% 103% 90% 43% 97 23 43% 63% lu e s . Wed. 267,6 93% 9313^8 OQ 2 2 % 77 6% 77% 98% 104% 98% 116% 47 23% 166% 43% 93 39% 72% 57% 142% 107% 29% 16 25% 54 104% 34% 67% 94% 76 28% 41% 31% 60% 33 95% 103% 90% 43% 97 23 43% 70 TJiura. jrri. 25% 2 5 7 ,6 2 5 7 ,6 94% 94% 9 4 7 ,6 9 4 7 ,8 9 4 7 ,® 9 4.91a 1 0 0 -2 5 1 0 0 - 4 0 0 0 - 7 2 % 77% 77% 77% 7 7 7% 78% 78% 77% 99% 09% 99% 105% 104% 105% 99% 99 98% 116% 110% 116% 47% 47% 47% 23% 23% 24 168% 167% lc 9 % 44% 44% 43% 94 93% 94% 4G 7e 40% 39% 73 x71 71% 58 56% 57% 143% x !4 1 140% 106% 109 106% 30 30 29% 10% 16 10% 25% 25% 25% 54 53% 53% 166 165% 165% 34% 34 34% 58 57% 57% 94% 93% 94% 76% 76% 76% 29 28% 28% 42 41% 42 32% 31% 32 61% 63% 61% 33% 33% 84% 97% 97 97% 104% 104 104% 91 90% 91% 44% 44% 44% 97% 95% S5% 23% 22% 23% 43% 43 43% 70% 70% 70% f|,etxr« VOREIGH IMPOSTS. For week. 1902. 1901. 1900. 1899 D r y G o o d s ___ G en ii m e r 'd is e § 3 ,0 4 3 ,7 8 5 6 ,7 9 4 ,4 4 7 $ 2 ;7 4 0 ,4 1 2 8 ,3 5 9 ,8 2 1 $ 2 ,5 5 0 ,6 5 8 7 ,3 8 3 ,9 6 6 $ 3 ,3 1 5 ,4 0 0 8 ,1 6 2 ,1 5 6 T o t a l...... S in ce J a n . 1 . D ry G o o d s . . . . G e n ’ l m e r ’ d lse 1 9 ,8 3 8 ,2 3 2 $ 1 1 ,1 0 0 ,2 3 3 $ 9 ,9 3 4 ,6 2 4 $ 1 1 ,4 7 7 ,5 5 6 $ 1 1 ,1 3 4 ,9 0 4 8 1 ,7 6 7 ,6 4 9 $ 1 0 ,0 1 8 ,5 2 5 3 3 ,4 5 6 ,2 2 4 $ 1 0 ,8 8 4 ,0 8 4 2 8 ,1 6 5 ,2 2 4 $ 9 ,7 1 1 ,3 2 5 2 8 ,7 8 7 ,0 2 7 T otal 4 w e e k s 8 4 2 ,9 0 2 .5 5 3 $ 4 3 ,4 6 9 ,7 4 9 8 3 9 ,0 4 9 ,3 0 8 8 3 8 ,4 9 8 ,8 5 2 . The following is a statement of tUe exports (exclusive of specie) from the port of New York to foreign ports for the week ending Jan. 27, and from January 1 to date, EXPORTS PK0M VOS 8, VOU THE WISER. ! Jan. Jan. 16 84. 7d. 1 9 0 0 -0 1 . 2 7 ,1 4 4 ,1 0 0 8 ,2 9 1 ,2 0 0 9 ,4 2 5 ,5 4 6 The following shows the quantities of wheat, flour and maize afloat to the United Kingdom: 1902. Jan. 1 8 9 8 -9 9 1 8 ,6 5 1 ,1 0 0 1 1 ,4 6 1 3 0 0 5 , 1 9 7 ,7 7 0 8 1 9 ,8 2 0 8 2 7 ,1 4 0 1 5 ,1 0 4 ,7 6 0 6 ,5 7 5 ,4 3 0 I m p o r t s a n d E x p o r t s f o r t h e W e e k . — The following a r e the Imports at New York for the week ending for dry goods Jan. 28 and for the week ending for general merchandise Jan. 24; also totals since beginning first week January. nom . 4 6 G o ld — H a s b e e n in g o o d d e m a n d , e s p e c ia lly for n e a r d e liv e r y , o n P a r is a c c o u n t, a n d a ll a r r iv a ls h a v e b e e n t a k e n f o r t h a t q u a r te r . I n d ia b aa a ls o b e e n a b u y e r . T h e m o v e m e n t s a t t h e B a n k o f E n g la n d h a v e Deen s m a ll, a n d t h e s o le a r r iv a l is a s u m o f £ 2 7 , 0 0 0 fr o m A u s t r a lia , -while £ 2 2 5 , 0 0 0 h a s b e e n w it h d r a w n fo r S o u th A m e r ic a . Arrivals: A u s t r a li a , £ 1 4 5 , 0 0 0 ; S t r a it s , £ 6 . 0 0 0 ; R iv e r P l a t e , £ 1 5 , 0 0 0 ; S o u th A f r ic a , £ 9 9 , 0 0 0 ; W e s t i n d i e s , £ 3 3 . 0 0 0 ; C h ile , £ 1 0 , 0 0 0 . T o t a l, £ 3 0 8 ,0 0 0 . S h ip m e n t s : B o m b a y , £ 1 2 , 5 0 0 ; T u t ic o r in , £ l ,O 0 Q ;;M a d r a s , £ 5 0 0 0 . T o t a l. £ 1 8 , 5 0 0 . S i l v e r - T h e I n d ia n m a rk e t* w h ic h h a s b e e n o u r c h ie f s u p p o r t , h a s n o t b e e n so s t r o n g , t h e p r ic e fa llin g t h e r e t o B s . « 5 , a n d in c o n s e q u e n c e , w ith A m e r ic a a d a ily s e lle r , w e h a v e e a s e d o ff t o 2 5 1 ' igd . o ash a n d 2 5 % d . fo r w a r d , c lo s in g d u l l . A r r i v a l s : H e w Y o r k , $ 7 9 ,0 0 0 ; C h ile , £ 4 , 0 0 0 ; A u s t r a li a , £ 1 8 , 0 0 0 ; W e s t I n d ie s , £ 2 , 0 0 0 , T o t a l, £ 9 8 , 0 0 0 . S h ip m e n t s : B o m b a y , £ 7 2 , 5 0 0 ; C a lc u t t a , £ 2 2 , 0 0 0 , T o t a l, £ 9 4 ,5 0 0 , M e x ic a n D o ll a r s .— T h e d e m a n d o n M e x l c a n j a o c o u n t l s t i l l c o n t in u e s . Jem. 1 8 9 9 -0 0 . 2 2 ,6 4 1 ,3 0 0 7 ,2 7 7 ,7 0 0 6 ,7 3 3 ,3 0 0 1 ,8 8 1 ,8 0 0 6 6 2 ,6 0 0 2 8 ,7 3 7 ,8 0 0 8 ,1 8 0 , 6 0 0 $ o m m e tx ia l m t l m Messrs. Pixley & Abell write as follows under date of January 16; C onn. 1 9 0 0 -0 1 . 2 7 ,1 4 4 , 1 0 0 9 ,3 1 1 ,7 0 0 8 ,2 7 7 ,8 0 0 1 ,0 0 9 , 6 3 0 7 8 4 ,5 4 0 2 0 ,6 3 9 ,8 0 0 8 ,2 9 1 , 2 0 0 * Price oar share SH 8)4 2H 2% The quotations for bullion are reported as follows: (VOL. L X X I V , 9. d 6 2 5 H le 2 5 1 5 ,. 251516 25% 2 6 3 !« 2 6 % 6 26 26% 2 5 1:i K, 2 6 1 (8 27H 0 2 7 l5 ,a N om . 25 V 1901. 1900 1899 F o r t h e w e e k .. F r e v . r e p o r te d $ 5 ,3 8 3 ,2 9 0 3 0 ,6 7 5 ,9 3 2 $ 1 2 ,0 8 1 ,7 5 3 3 4 ,0 8 3 ,0 6 7 $ 9 ,4 0 8 ,1 3 9 3 7 ,0 4 8 , 8 2 2 * 8 ,8 5 1 .0 1 6 3 4 ,7 7 5 ,9 8 3 T o ta l 4 w e e k s $ 3 6 ,0 5 9 , 2 2 2 $ 4 6 ,1 1 4 , 8 2 0 $ 4 6 ,4 5 0 ,9 6 1 $ 4 3 ,1 2 7 ,0 0 4 N ote .—As the figures of e x p o r t s as r e p o r te d b v th e N e w Y o r k Custom House fr o m w e e k to w e e k fr e q u e n t ly s h o w d iv e r g e n c e fr o m the monthly totals, also c o m p ile d b y t h e C u s to m H o u s e , w e s h a ll from time to time adjust the totals by a d d in g to o r d e d u c t in g from the amount "previously reported.” The following table shows the exports and imports of specie at the port of New York for the week ending Jan, I’ H B F e b r u a r y 1, 1002. J and since Jan. 1, 1902, and for the corresponding periods In 1901 and 1900. E X P O R T S AMD IM PORTS OV SPECIE A T MEW YORK. Gold. W eek . W eek. S in ce J a n . 1 . O f * A t B r i t a i n __ ____ F r a n c e . . ______________ G e r m a n y ........................ W e s t I n d i e s ................. M e x i c o ............................ (youth A m e r i c a 411 o t h e r c o u n t r i e s . $ ................ $ 1 4 2 ,2 5 0 4 6 1 ,1 0 4 1 6 2 ,0 0 0 1 ,5 8 6 ,1 0 4 1 8 9 ,0 5 0 T o t a l 1 9 0 2 ............ T o t a l 1 9 0 1 ............ T o t a l 1 9 0 0 ............ $ 6 2 3 ,1 0 4 4 ,0 6 7 ,0 0 3 5 9 ,8 5 9 $ 1 ,9 1 9 ,4 0 4 5 ,7 5 5 ,2 1 5 5 ,0 9 4 ,3 4 6 $ ______ 15 1 2 ,7 6 6 2 ,9 2 0 2 0 ,0 0 6 4 ,6 7 3 8 ,6 5 4 2 ,9 2 0 2,000 ................ $ 1 1 ,5 7 4 W eek . * 4 0 ,3 8 0 2 2 0 ,5 6 6 1 8 3 ,9 6 8 20,888 4 2 .7 7 6 E xp orts. S ilver. Borough of Manhattan* C o lo n ia l.. . . S in ce J a n . 1. $ . _ ; ......... Im p orts. S in ce J a n . 1 . W eek. S in ce J a n . k G r e a t B r i t a i n .............. F r a n c e ..................... ft enin a n y __________ W e s t I n d i e s ........... .. M e x i c o ............................. S o u t h A m e r i c a . ____ 411 o t h e r c o u n t r i e s . $ 9 1 4 ,0 4 6 2 7 1 ,4 8 3 $ 2 ,6 8 8 ,9 5 1 2 7 1 ,4 8 3 $ ................ $ ................ 400 1 3 ,8 1 6 9 ,0 1 1 1 ,9 5 6 5 ,8 0 1 500 1,000 4 ,2 1 6 3 0 ,0 8 5 4 7 ,8 4 7 T o t a l 1 9 0 2 ............ T o t a l 1 9 0 1 ............ T o t a l 1 9 0 0 ............ $ 1 ,1 8 6 ,4 2 9 1 ,2 4 8 ,4 9 7 1 ,0 6 0 ,0 7 2 $ 2 ,9 8 4 ,2 6 1 3 ,7 7 1 .2 5 3 3 .2 4 7 .9 5 6 $ 7 ,7 5 7 1 0 5 ,1 0 5 8 3 ,5 5 7 * 8 2 ,1 4 8 2 5 5 ,5 2 8 2 5 7 ,6 1 0 Mew York City Clearing House Banks.—Statement of condition for the week ending Jan. 25, based on average of lailv results. W e om it two ciphers ( 0 0 ) in all cases. B A N K S. Capital. Surplus. L oan s. Specie. $ $ $ , $ 2,000,0 2,218,1 18.644.0 2.979.0 B ank o f N . Y — M anhattan C o ... 2.050.0 2.106.4 21.131.0 7.783.0 M erchants’ ......... 2,000,0 1.170.4 13.041.6 2,003,3 M eohanios’ ......... 2,000,0 2.394.8 12.903.0 2.149.0 1.500.0 3.177.5 20,578,3 3.358.2 A m e r ic a ......... . 273.5 4.746.0 945.0 P h e n ix ..............— 1,000,0 C i t y ....................... 10,000,0 0,003,3 107,272,0 27.205.0 300.0 7.047.7 24.395.6 4.904.0 C h em ical............. 770.9 201.5 5.051.6 000,0 M erchants’ E x . . 8.428.2 850.2 G allatin................ 1,000,0 2.004.6 1.331.0 829.2 68,3 300.0 B u tch . A D ro v ’ s’ 130,4 503.0 3.066.0 400.0 Mech.<fe T ra d ers’ 110.9 175.8 856.8 200.0 G r e e n w ic h ....... 517.3 4.284.3 757.7 600,0 L eather M ’ f ’r s .. 18,5 5.117.4 1.036.3 S ev en th N a tion ’1 1.700.0 105.3 540.4 2.470.2 1.200.0 State o f N . Y . . . . A m erica n E x ch . 5.0 00. 0 3.378.4 29.754.0 4.230.0 C om m erce___ . . . 10,000,0 7.155.7 74.006.9 8.008.9 8.848.1 1.204.9 0 1.638.3 B roadw a y............ 1.0 00. M e r c a n tile ......... 1,000,0 1.380.5 14.590.9 2.412.9 2.008.2 400.8 422,7 519.0 P a c ific .............. 6,282,1 822,2 997.2 450.0 C h a t h a m ......... 187.1 353.6 200.0 2,100.8 P eople’ s ................ N orth A m e rica .. 1,000,0 1.105.7 11.990.6 1,893,6 H a n ov er............... 3,000,0 6,641,2 47,138,8 9.871.1 707.8 4.083.0 491.8 500.0 I r v i n g ................. 6.051.1 1.294.4 800.7 C itizen s’ .............. 1.550.0 141.7 289.4 2.678.8 500.0 N a s s a u ................ 6,100,0 1.043.1 900.0 1.038.5 M a r k e t * F u lto n 092.7 228.2 3.570.8 Sh oe <fe L e a th e r. 1,000,0 C orn E x oh a n ge.. 1.400.0 1.852.0 23.196.0 4.920.0 197,5 2,128,0 415.4 300.0 O rie n ta l............... Im p ’ t’ r s ’ A T rad. 1.500.0 8.224.9 23.745.0 4.120.0 P a r k ..................... 2,000,0 4.080.0 47.203.0 15.533.0 1.290.1 209.3 163.0 250.0 E ast R iv e r ......... F ou rth .................. 3,000,0 2.615.5 21.291.0 3.898.0 601.7 10.260.0 1.950.0 C e n tr a l................ 1,000,0 9.641.0 1.528.0 300.0 1.052.0 S econ d.................. F ir st...................... 10,000,0 11,354,4 70.210.0 24,608,9 712.0 500.0 330.9 4.533.5 N .Y . N a f l E x c h . 300.0 2.999.0 250.0 B ow ery ................ 769.9 3.844.0 708.2 698.4 200.0 N. Y . C o u n t y .... 564.4 3.303.1 410.8 750.0 G erm an A m e r l.. Chase................. . 1,000,0 2.688.0 41.821.7 10,808,8 9.204.9 2.498.2 100.0 1,424,1 F ifth A v e n u e ... 215.8 2.157.5 580.7 200,0 G erm an E x c h . .. 416.0 3.120.7 200,0 836,3 G erm a n ia ............ 365.0 300.0 1.037.9 11.504.0 L in coln ................. 7.637.6 1.092.0 G arfield................ 1,000,0 1.204.8 448.0 2.109.9 375.7 200.0 F ift h ..................... 7.975.9 1.713.0 300.0 1.153.7 Bank o f M etrop. 424.0 451.0 2.053.0 200.0 W est S id e ............ 500.0 1.037.4 12.744.0 2.208.0 Seaboard.............. W estern ............... 3.100.0 2.648.6 38.777.0 10.529.1 404.0 4.238.0 640.7 300.0 1st N a t., B ’ klyn. 0,754,7 1,859,0 L ib e rty ................. 778.7 500.0 600.4 4.180.0 420.8 N. Y . P rod . E x . . 1,000,0 0,924,2 1,334.8 669.8 N ew A m sterdam 250.0 4.280.0 747.0 430.9 Aator..................... 350.0 621.9 382.5 2.882.3 500.0 H ide A L ea th er. Legals. U tD eposits servi $ 1.595.0 2.158.0 1.589.8 1.338.0 2.854.0 307.0 7.274.0 2.051.9 027.2 930.3 97,2 280.0 131.1 288.5 140.5 274.0 1.583.0 0,892,9 415.3 1.785.9 429.3 899.3 052,8 1.413.0 5.920.0 491.3 319.7 552.2 808.4 229.7 2.242.0 337.3 1.351.0 4.920.0 209,2 2,357,2 1.181.0 838.0 2.400.0 400.0 315.0 354.1 273.2 2.040.1 233.8 903.9 535,1 2.711.7 855.3 185,7 574.4 335.0 1,055,0 2.508.7 594.0 425.0 306.4 705.0 288.0 115.4 $ P .C 18.329.0 2 4 9 27.864.0 3 5 4 15.560.0 2 0 9 13.588.0 25*7 23.039.5 26*2 4.728.0 20*4 121,470,0 28*3 24.907.3 30*5 6.388.5 2 0 0 0,477,3 27*4 1.578.7 2 7 0 3.515.0 2 2 2 745,4 33*2 > 4,110,7 25*4 4.079.5 25*2 906,2 4 8 ‘>i 23.303.0 24*8 65.101.8 23*4 0,200,0 20 0 15.870.3 2 0 4 3,589,2 24*9 0,407,0 20 0 2.847.4 29‘5 12.556.6 27*1 54.933.1 28*7 4.349.0 27*5 0,402,5 25*2 3.272.0 21*2 0,008,0 28 9 3.883.1 23 7 28.350.0 25 2 2.107.0 25*3 21.803.0 25*0 03.100.0 32-3 1,478,9 28*3 24.202.4 25*7 12.780.0 24*6 10.279.0 2 2 9 80.789.7 83*8 4.313.5 25*9 3.288.0 20 6 4.322.0 24*5 3.240.4 25*8 50.384.2 25*4 10,300.6 20*2 3.408.8 33*9 4.724.0 20 1 13.021.9 23*5 7.989.4 25*0 2.340.1 2 7 0 9.271.2 24*0 2.883.0 20*3 16.101.0 25 4 47,132,1 27*7 4.202.0 23 4 0,748,3 2 0 4 4.055.6 25 A 8.200.1 2 5 9 4,230,0 23 2 2.241.3 2 8 4 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. The New York figures do not include results for the nonmember banks. N. Y .* Jan. 4.. “ 11.. “ 18.. 44 25.. B o * .* Jan. 11. 44 18.. “ 25.. P h llft.* Jan. 11.. “ 18.. 44 26.. Loans. Specie. Legals. DepositsA Oirc'Vn. Clearings $ 183,241,7 184.588.4 184.588.4 184.588.4 $ 800.540.0 804,230,8 807.520.1 809.942.0 $ 1048088 1082227 1771053 1858012 9 74,257,8 70,481,4 70,670,7 70,857,0 9 920,204,1 920.082.0 938,72 <*.2 949,000,8 0,380,0 215.200.0 0,808,0 210.700.0 0,095,0 210.106.0 54,7 04.0 60,1 00,0 64,9 07.0 * We om it two civh'** in- all these figure*, 38.715.3 174.372.0 38.715.3 175.591.0 38,716,8 175.941.0 + J n o ln d ln g f o r B o s t o n a n d P h ila d e lp h ia t h e It e m 205.200.0 207.970.0 205.947.0 9 31,874,2 32.013,7 31,906,0 31,713,9 9 10250380 17099127 15082887 14150013 5.078.0 150 003,2 5.001.0 149.501.0 6.045.0 129,516,8 9.830.0 114.517.0 9.812.0 12 2,1)7 ,9 9.802.0 114 728,2 $ 1800,0 2470,0 1211,0 1194,4 1231,1 1079.3 2140,5 1319,1 1020.0 2305,0 1000,0 4342,0 1370,0 900,9 2176,8 1335,0 089,0 493,3 720,7 901,0 242,0 309,0 1397,0 $ 08,4 200,0 60,0 50,0 13,2 100,3 124,0 84.7 22,2 138,0 17,0 324.0 41.0 47,4 40,0 41,2 12.7 8,0 0,1 7,8 8.7 8,0 82,9 159,6 127,0 68,2 40 0 48,0 110.1 04,1 141,1 130,8 172,0 72,8 102,0 122,0 99,0 200,1 119,4 40,8 24,8 76,0 93,0 17,5 10,5 87,9 % 101,5 270,0 200,1 242,3 228,5 111,7 270.8 218,6 213.2 48,0 76,2 102,0 108,0 70,9 430,1 110,1 41,8 38,7 101,0 100,1 26,7 89,4 51,4 150,0 100 0 300,0 100,0 100,0 150,0 252,0 500;0 100,0 3 o o ;o 3 oo;o 100,0 100,0 100,0 200,0 io o ,o 100,0 100,0 127,0 180,2 100,6 38,2 77,4 02,2 405,7 359,8 27,1 047,6 582,4 144,8 120,1 78,5 248,8 60,8 03,8 61,2 1180,7 1789,2 1007,0 357,6 059,0 004,0 2074,2 3759,8 004,0 3723.0 2935,0 858,6 942,0 518,6 1133,4 487,4 052.8 788,6 18,8 24,0 03,8 13,1 35,0 84,0 300,7 182,3 8,4 208,0 141,0 11,6 38,0 9,2 80,4 12,6 28,3 31,4 89,7 110,3 30,8 24,5 22,5 22,0 222,2 103,0 54,5 327,0 245,0 47,8 57,4 34,8 19,0 21,3 50,0 25,3 159,1 174,2 130,5 43,0 03,0 109,5 300,1 170,8 55,9 674,0 421,0 45.5 72,1 63,1 120,5 40,3 07,5 37,7 134,1 26,0 100,0 08,4 88,4 500,9 697,9 18,5 40,6 18,2 20,0 70,8 105,8 8,5 .... 6 0 1 ,$ 282.8 1375,8 1010,4 71,8 172,2 71,4 11,2 352,1 04,9 490,8 44,0 19,9 136,0 13,8 51,2 10,0 25,5 0648.8 2012,3 B edford........... B roa d w a y .. . . B rook lyn ......... ffiighth W ard.. . . . . K in g s C o u n ty . . M ech an ics............. . M erchant s*............ . Nassau N a tion a l. ; ; N ational C ity N orth S id e............. . P e o p le s ................. & . ; . U n i o n .................. . W a l l a b o u t .......... Borough of Richmond. Other Cities. . J. . 8d N a t., J e r. C ity . . l. . A u c t io n 400,0 942,0 4757,4 291,8 82,2 250,0 008,5 2428,7 77,0 250,0 308,0 1141,2 41,5 200,0 243,€ 1183,6 110,0 482,7 2319,6 131,2 876 0 33,8 125,0 110,0 1 3,6 26,0 .... 10,2 5,0 52.6 123,6 17,0 mmmm mmmm 437,0 .... 48,0 .... 10,0 8.6 4 5,3 .... « ... 6,4 l.° 12,6 82,5 20,6 .... 35,0 121,0 14,7 13,0 23,7 14,4 1.9 28,3 36,8 2007.0 2814.0 U 3 & ,7 1878.0 1401 9 1766.8 2790,2 1489.0 1762.9 2986.0 1199 .0 6 1 2 6 .0 1717.0 I t 74 6 2826 4 1 2 2 2 .0 062,1 424,7 767.1 1087.9 149.4 1 0 0 .1 073.6 1350.0 1888.9 1062,7 323.6 0 0 0 ,6 700.1 8232.1 3992,4 092,0 4101.0 3383.0 761.6 909.4 481.2 801.6 489.6 70 3 .7 74 1,6 680,1 1 1 2 1 .8 1393.8 2080.8 894,1 . 8902,0 9463 9 71933.0 3578,0 4418,3 8817,8 2412,0 77979,0 . 9062,C 9061,6 73038,5 3495,3 4518,0 9708,4 2201,1 78724,8 - 9062,0 9051,5 73800,1 3675,0 4040,5 8780,7 2133,5 79687,3 T ota ls Jan. T ota ls Jan. T ota ls Ja n . S a le s .— B y Adrian H. Muller & Son : M e ssrs. Stohks . 4 5 0 J o s . L a d u e G o ld M in . & D e v . C o ., p r e f . , $ 1 0 e a . $ 1 3 0 -$ l 4 5 p e r sh . 3 6 H o m e I n s . C o ....................... 307 7 C e n t r a l T r u st. C o . ............ 1 9 0 7 * s 1 0 F o r t W a y n e <fe J a c k s o n R R . C ^ ., p r e f ................. 1 5 2 * 2 5 B a n k o f A m e r i c a ...............5 4 9 5 8 5 5 B a n k o f N . Y .. N . B . A . .3 4 0 5 8p r a g u e N a t .B k .o f B’ l y n .2 0 0 R ig h ts o n 1 5 0 sh a re s A l l i a n c e R e a l t y C o ............ 8 3 0 T e f f t . W e l l e r &> C o ., 6 p e r c e n t p r e f ____ . . . . . 106*2 2 7 B k . o f th e S ta te o f N. Y .1 7 0 * 4 2 5 0 A m e r .E x c . N a t. B k . 2 8 0 -2 8 0 * 8 2 0 T r u s t C o . o f A m e r i c a ____2 7 0 1 5 N e w Y o r k R e a l t y C o ____1 4 5 * 8 2 5 N a t . C i t i z e n s ’ B a n k . ___ 2 2 5 * 6 Stocks. 7 5 N a t . B a n k o f C o m .3 4 9 ^ 3 4 9 % 6 0 G u a ra n tee C o. o f N o u h A m er. e a c h . . $ 8 0 p e r ah. 3 0 A m p h i o n A c a d , o f B ’ Jyn . 3 3 1 0 1 N a t i o n a l P a r k B k . 6 4 2 12 - 6 e 0 4 0 O r i e n t a l B a n k ........................2 2 5 3 0 N ia g a r a F ir e I n s . C o 220*4 5 B o w e r y B a n k .......................... * 3 5 3 N . Y . N e w s P u b lis h ’ g C o . 1 0 >0 5 0 W illia m s b u r g T r u s t C 0 ..2 1 6 1 6 C e n t r a l N a t . B a n k ............. 1 9 3 * 4 4 0 M e c h a n ic s ’ N a t. B a n k ...2 9 0 * 4 4 0 M e rc h a n ts’ N a t. B a n k .. . 19 1 2 0 M e r c a n t i le N a t B a n k . 3 0 0 * 6 1 5 M a r k . & F u lto n N a t . B k .2 5 * 5 C o rn E x c h . B k (e x d i v .) .4 4 7 *4 2 6 5 L . 8t e r n e & G o .. L t d , o f L o n d o n , £ 1 0 e a c h $L p e r sh . 2 N . Y L a w In 8 t it’e . $ l 0 0 $ 1 2 0 34 H o l l a n d B u i l d i n g A s s o c . 2 5 2 0 H o l l a n d T r u s t C o . ............ 40 2 5 A m e r i c a n F e l t C o ., p r e f . 8 0 * a 2 0 N a t i o n a l S u r e t y C o ........... 1 5 4 3 0 A m . S c h . F u r n ’ e C />., p f . 4 0 * 4 6 5 S a r a n a c <fc L a k e P l a c i d R R . C o ...................................... 10*2 4 9 Im p o r te rs’ & T rad ers’ N a t i o n a l B a n k . . . 6 2 1 * c -6 2 5 8 0 C e n t u r y R e a l t y C o ........... 1 0 0 3 0 G a lla t in N a t . B a n k . .4 5 7 2 6 6 N o rth A m er. T ru st C o ..2 6 0 2 5 I n d i a n a p o l i s G a s C o ____ 5 5 B onds $ 5 0 B lo o m in g G r o v e P a r k A s s o c , c e r t , o f i n d e b t ., d u e S e p t ., 1 9 0 2 .................................... $ 4 0 $ 1 , 0 0 0 I n t e r n a t . B r id g e & T ram w ay Co B ond ......... $ 1 0 5 $ , 0 0 0 C i t y o f T r i n i d a d ,C o l .f w a t e r 5 s , 1 9 1 2 , A & O . . . . . . - 93*2 $ 1 ,2 0 0 N . J . S te a m b o a t C o. c o n s . 5 s ............................................. 9 6 * 2 $ 3 ,0 0 0 N . Y . & W ilk e s b a r r e C o a l C o . 6 s , M & N . . . .............. 5 5 U aukittfi and iftu a u cla l. Spencer Trask & C o ., BANKERS, 27 & 29 P IN K S T R E E T , - NEW Y O R K Transact a general banking business; act as Fiscal Agents for corporations, and negotiate security issues of railroads and other companies. Execute commission orders and deal in V E S T M E N T S E M em b ers N . V . 8 to ck E x ch a n g e . C M U R I T I E S - B r a n c h O ffic e , 0 6 S t a t e S t ., A lb a n y G e o r g e B abcjlat M o f f a t . alexandeb m o f f a t &. W . W h it e Jb . h i t e , BANKERS, M em b ers N ew Y o rk S tock E x ch a n g e, No* 1 N A SSA U S T R E E T , I N V E S T M E N T NEW Y O R K . S E C U R I T I E S . Tracy & C o ., Bankers, " d o e t o o t h e r b a n k s .” Reports of Non Member Banks.—The following is the ttatemenfc of condition of the non-member banks for the week ending Jan. 25, based on averages of the daily result, A/k om it two cip h e rs ( 0 0 ) in aU cases. t lj.4 223,1 130,7 82,0 27,0 102,6 70,6 107,3 161,0 210,7 129,1 818,0 66,0 70,6 800,2 281,1 82,9 94,0 59,3 65,3 01,3 98,2 200,0 I N Capital A Surplus. 57,032,9 186.829.0 15.020.0 62,001,0 180,000,0 15.100.0 52,001,0 191.004.0 15.210.0 Leg. T. D eposit, w it ti 1 N et Hur- Loans A plus. Invest Specie. A B k. Clear’a Other Notes. Agent. ments. 10^,0 300,0 C o l u m b i a .......... Eleventh W a r d .... 100,0 Fourteenth Btreet, 100,0 G an n ov oort.,*,....... 200,0 H am ilton ................. 200,0 M ount M o rr is ........ 250,0 Mutual................ .. 200,0 200,0 n in eteen th W ard. 100,0 P laza............ 100,0 R iverside................ 100,0 S ta te .. . . >♦>>«« •••••' Tw elfth W a r d ..... 200,0 100,0 200,0 O nion Square. 100,0 f o rk v ille ....... . 100,0 W a sh in g ton ... 200;0 F id e lity ....... 100,0 V a r lo k ............. 200,0 J e ffe r so n ......... io o ;o C e n tu r y ........» 100,0 . 1000,0 T o t a l.............. 83,822,7 1007057 869,942,6 1858912 70,857,0 040,000,8 27-0 Ba n k s . (Jap4tea. BANKS. (OOi omitted.) I jiw T o n c I m p o r ts . . E x p o r ts. 2 5 3 C H R O N I C L E CH ICAG O. N o. 4 0 W a ll S tre e t, N E W Y O R K . C on n ected b y private w i r e . M IL W A U K E E . D e a le r s In H i g h G r a d e B o u d a . List of Current Investment O f cringe sent on Application . ' M e m b e r s j H ew Y ork Stock E x ch a n g e . Chicago Stock E xchange C om vulM nlon O r d e r * E x e c u t e d In n il M a r k e t s * THE ^54 ^ u x ik tv s 7 C H R O N IC L E U ITIpliN D a, Per WtUn Cent Payot bln Aaikoaiid (Scetuia)* Dciivbr ti SollUawestern, oom. (tj_aar.). do (to prof* (qiiar.), M phoning Goat, com_________________ f^oi'thcr it Securities,.................... ........ Hume Watfeft’n Ogden, guar, (quai\). Union t'aeide, coin and p tcf_______ — (Jtica Clinton Binghamton........ ..... Wireet Uailwnys. Boston Elevated R y ............................. Darlin'tndfc Woatp , N. Bed!.,M&aa<(ud.) Harrisburg (Pa.) Traction_____ _____ Newton >Ule (Maas.) X Watei town---Union Si., Now Bedford, Maas. (qoar. 1 U illXiksL Bank of Manhattan Co................. ....... . Lincoln National (quar.)........................ Trust (jonipttiil6a« People’ s, Brooklyn (monthly).............. Diacetluneaiu. ALUa Chalmers, prof, (quar.)................. Casein. Co. of America, prof, (quar.)__ Central o il ............................ ................. Chicago Edison(quar.).............. . . ......... National Carbon, pref. dinar.).............. Quincy M ining......... ............. ............... KockesLor (N. Y.) Has & Elec., pref__ Syracuse Lighting, pref. (quar.).......... Hutted States Envelope, pref................ Feb 15 Feb 2 Jan 16 Feb i Jan 18 Feb 1 Jan *2G Feb 1 Jan 10 to Feb 16 to to to Jit14 81 Jan 31 Jan 31 5 3 to Feb 9 Feb 10 Jan 31 Feb 1 Holders of reo. Jan 29 1 Feb lk 2 i 2 Ik lk $4 3 lk 2k Feb Feb Feb Feb Feb Feb Feb E’eb Feb Mar 1 Holders of rec. Jan 31 1 Jan 10 Feb 1 Jan 1 Jan 20 15 Feb 16 Jan 1 Jan 1 Jan 1 26 1 26 25 to to to to Feb 2 Feb 9 Feb 1 Jan 31 1 30 21 26 to to to to Feb Feb Jan Jan 14 2 31 31 W A L L S T R E E T , F R I D A Y , J A N . 3 1 , 1 9 0 2 . - 3 F. ML. T h e M o n e y M a r k e t a n d F i n a n c i a l S i t u a t i o n .— O w in g to t h e f a c t t h a t t h e in v e s t m e n t d e m a n d fo r s e c u r it ie s w h ic h w a s e x p e c te d d u r in g t h e m o n t h o f J a n u a ry has been b u t fe e b ly r e a liz e d , a n d t h e g e n e r a l a c t i v i t y t h a t w a s t h o u g h t i m p e n d in g is s t ill u n d e v e lo p e d , a r e v ie w o f W a l l S t r e e t a ffa ir s fo r t h e w e e k p r e s e n ts l i t t l e o f in t e r e s t o r i m p o r ta n c e . T h e s t o c k m a r k e t h a s b e e n a l i t t l e m o r e a c t iv e t h a n la s t w e e k , it is t r u e , b u t th is is d u e c h ie fly to o p e r a t io n s in a f e w s p e c u la t iv e issu e s, in c lu d in g A m a l g a m a t e d C o p p e r a n d S u g a r R e f in in g , r a t h e r th a n t o a n y g e n e r a l i n te r e s t in t h e m a r k e t , M o r e o v e r , t h e tr a n s a c t io n s in r a ilw a y b o n d s a t th e S t o c k E x c h a n g e h a v e b e e n o n a m o r e lim it e d s c a le . T h e r e a r e , h o w e v e r , h o p e s o f a b e t t e r s t a t e o f t h in g s , e v id e n c e o f w h ic h is see n in a fir m to n e in b o t h b o n d a n d s t o c k d e p a r t m e n t s , n o t a b ly h ig h e r p r ic e s in a n u m b e r o f c a s e s , a n d t h e r e a d in e s s w i t h w h ic h n e w is su e s o f r a ilw a y b o n d s r e c e n t ly p u t o u t a re b e in g a b s o r b e d . T h e la t t e r is a s p e c ia l fe a t u r e o f t h e p r e s e n t fin a n c ia l s it u a t io n . T h is e v id e n c e is s t im u la t e d s o m e w h a t , n o d o u b t , b y a n e x c e p t io n a l ly e a s y m o n e y m a r k e t a n d lo w in te r e s t r a te s , a s w ill b e s e e n b e lo w . O u ts id e o f W a l l S t r e e t t h e r e a re v a r io u s m a t t e r s , lo c a l, n a t io n a l a n d in te r n a tio n a l, w h ic h a re a t t r a c t i n g a t t e n t io n in S t o c k E x c h a n g e c ir c le s b e c a u s e lik e ly t o h a v e , u l t i m a t e ly , a m o r e or le ss im p o r t a n t in flu e n c e u p o n s e c u r it y v a lu e s , O f lo c a l m a t t e r s , w e r e fe r m o r e p a r t ic u la r ly to th o s e n o w a b s o r b in g th e a t t e n t io n o f o u r n e w c i t y g o v e r n m e n t ; o f n a t io n a l a ffa ir s , th o s e b e in g d is c u s s e d in C o n g r e s s a n d a t t h e W h i t e H o u s e ; a n d o f m a t t e r s in t e r n a t io n a l, a p o s s ib le s p e e d y t e r m in a t io n o f t h e w a r in S o u th A fr ic a . T h e o p en m a r k e t r a te s fo r c a ll lo a n s o n th e S t o c k E x c h a n g e d u r in g t h e w e e k o n s t o c k a n d b o n d c o lla t e r a ls h a v e r a n g e d fr o m 2 t o 8 p e r c e n t . T o -d a y ’s r a te s o n c a ll w e r e 2 t o 2 % p e r c e n t . P r im e c o m m e r c ia l p a p er q u o te d a t 4 @ 4 % p e r c e n t . T h e B a n k o f E n g la n d w e e k ly s t a t e m e n t o n T h u r s d a y s h o w e d a n in c r e a s e in b u llio n o f £ 6 5 7 ,9 3 4 , a n d t h e p e r c e n t a g e o f r e s e r v e t o lia b ilit ie s w a s 49*46, a g a in s t 49*12 la s t w e e k ; t h e d is c o u n t r a te r e m a in s u n c h a n g e d a t 3 % per c e n t. T h e B a n k o f F r a n c e s h o w s a n in c r e a s e o f 5 ,4 7 5 .0 0 0 fr a n c s in g o ld a n d 1 ,6 2 5 ,0 0 0 fr a n c s , in s ilv e r . T h e N e w Y o r k C it y C le a r in g -H o u s e b a n k s in t h e ir s t a t e m e n t o f J a n . 25 s h o w e d a n in c r e a s e in t h e r e s e r v e h e ld o f $ 9 ,0 0 7 ,1 0 0 a n d a s u r p lu s o v e r t h e r e q u ir e d r e se r v e o f $ 2 5 ,3 3 2 ,4 0 0 , a g a in s t $ 1 9 ,0 6 1 ,4 5 0 th e p r e v io u s w e e k . - 1902 Jan. 25 Differences from previous toeek 1901 Jan. 26 WOO Jan. 27 s $ 74,222,700 92,257,600 841,367,300 31,253,200 937,423,000 191.710.200 73,445,000 59,422,700 80,980,200 688,332,800 16,637,100 780,526,100 157.762.500 66,647,000 265.155.200 234,355,750 224.409.500 195,131,525 25,332,400 Ino 6,270,950 30,799,450 Surplus reserve N ote.—B etnms of separate banka appear on page 253. 29,277,975 Capital. . . . . . . . . . . . Surplus -----Loans & discounts Circulation.. . . . . . . Net deposits ........ Speoie................... Legal tenders....... . $ 83,822,700 100.765.700 869,942,600 31.713.900 949,666,800 135,891,200 76.857.900 Beserve held........ Legal reserve....... 262,749,100 la c 237.416.700 Ino $ Inc 2,413,500 Dec 281,700 Inc 10,944,600 Ino 8,725,900 Inc 281,200 9,007,100 2,736,150 F o r e i g n E x c h a n g e .— T h e fo r e ig n e x c h a n g e m a r k e t h a s b e e n d u ll a u d fe a tu r e le s s a n d c h a n g e s in r a te s h a v e b e e n n o m in a l. T o -d a y ’s a c t u a l r a te s o f e x c h a n g e w e r e a s f o ll o w s : B a n k e r s ’ s i x t y d a y s ’ s t e r lin g , 4 8 4 % @ 4 8 4 % ; d e m a n d , 4 S 7 % @ 4 8 7 % ; c a b le s , 4 8 7 % @ 4 8 7 % ; p r im e c o m m e r c ia l, s i x t y d a y s , 4 8478 4 8 4 J s ; d o c u m e n ta r y c o m m e r c ia l, s ix t y d a y s , 4 8 3 % @ 4 8 4 % ; g r a in fo r p a y m e n t , 4 8 4 % @ 4 8 4 % ; c o t t o n fo r p a y m e n t , 4 8 3 % @ 4 8 8 % ; c o t t o n fo r a c c e p t a n c e , 4 8 4 @ 4 8 4 % . T h e f o llo w in g w e r e t h e r a te s o f d o m e s t ic e x c h a n g e o n N e w Y o r k a t t h e u n d e r -m e n t io n e d c itie s t o - d a y : S a v a n n a h , b u y in g 7 5 c . d is c o u n t , s e llin g 7 5 c . p r e m iu m ; C h a r le s to n , b u y in g 1-16 d is c o u n t , s e llin g 1-16 p r e m i u m ; N e w O r le a n s , b a n k , 25 c. d is c o u n t ; c o m m e r c ia l, $1 00 d is c o u n t ; C h ic a g o , Demand Hiaty Days January 31 nooks Closed. (Days Inclusive.) to Feb 19 1% Peh 20 Feb 9 to Feb 19 I k Feb 20 E'eb 9 Feb 1 Holders of roc, Jan BO Feb l 1 Holders of rec. J an 31 Feb 15 Holders of rec. Jan 31 to Mar 23 X Feb 25 2 Apr to Feb 8 Feb 8 Jan 22 3 2 3-00 2 LXX1V, 8 5 @ 4 0 c , per $ 1 ,000 p r e m iu m ; S t . L o u is , p a r ; S a n F r a n c is c o , 12% o . per $100 p r e m iu m . P o ste d r a te s o f le a d in g b a n k e r s f o ll o w : ($ > < x z z iU . JVoww of Company. [Vo b. Prime bankers’ sterling bills on London. 4 88 4 85 Prime commercial........... ........................... 4 84 ®4 84% Documentary commercial........ . . . . . . . 4 83k 'a>4 84k Paris bankers’ (Francs)............................ 6 18V* m 18k 5 16k* ®S 15k Amsterdam (guilders) bankers................ 40k ® 40ka 391616® 40 Frankfort or Bremen (reiohiu’ ks) bankers 96 ® 95ha eflks ® 95k • L e n a V ja. D u lte d S t a te s B o n d s .— S a le s o f G o v e r n m e n t b o n d s a t th e B o a r d in c lu d e $ 1 ,5 0 0 2s, r e g ., a t 1 0 8 % ; $ 9 ,0 0 0 3s, c o u p ., a t 1 0 9 % ; $ 6 ,0 0 0 4s, c o u p ., 1907, a t 1 1 1 % to 112, a u d $1 7 ,0 0 0 4s, r e g ., 1907, a t 112. T h e fo llo w in g a re th e d a ily c lo s in g q u o t a tio n s ; fo r yearly range see third, page follow ing. Interest Periods Jan. 25 Jan. 27 Jan. 28 Jan 29 Jan. 30 2s, 1 9 3 0 ........ registered Q —Jan *108% ‘ 108k *108k *108k *108% 2s, 1830......... Q—Jan *108k *108k ‘ 108k *108k *108% ____ ........ 2a, 1930 jm ai,registered ........ ........ ____ 2s, 1930 ,small __ coupon 8a 1918......... registered Q —Feb *108 *108 *108 *108 *108% .. _ coupon Q —Feb 8a HH8......... *108k *108k *108k *108k *108k __... . 8s, 1918, small.registered Q —Feb »A 1918, small __ coupon Q -F e b *108 *108 *108 *108 *108 4s, 1907........... registered Q—Jan *1 1 1 % *111% 112 *111% 112 4a 1 9 0 7 ....... Q —Jan * m % 112 111% *111% *111% 4s, 1925.......... registered Q —Feb *138k *139 *139 *139 *189 Q —Feb *139k ‘ 140 *140 *140 *140 4a 1925.......... 8a 1 9 0 4 ....... regietored Q -F e b *106 *106 *106 *108 *106 8a 1 9 0 4 ....... Q—Feb *107k *107% *107% *107% *107% *Tbla la the price bid at the morning board; no sale was made. Jan. 31 *108k *108% *108% 109% *1.09 *111% 112 *188 *140 *106 *107% S t a t e a n d R a il r o a d B o n d s .— S a le s o f S ta te b o n d s a t th e b oa rd in c lu d e $ 3 5 ,0 0 0 V ir g in ia f u n d , d e b t 2 -3 s a t 9 9 % , $ 2 4 ,000 A l a b a m a C la ss A 4 to 5 a t 107, $ 2 ,0 0 0 L o u is ia n a c o n . 4s a t 1 0 6 % a n d $ 3 ,0 0 0 N o r t h C a r o lin a c o n . 4s a t 1 0 4 % . T h e t r a n s a c t io n s in r a ilw a y b o n d s h a v e b e e n w e ll d is t r ib u te d d a y b y d a y , a fe a t u r e o f t h e m a r k e t h a v in g b e e n un u s u a l a c t i v i t y in a f e w h ig h -g r a d e issu es. A l t h o u g h th e v o lu m e o f b u sin e ss h a s n o t b e e n la r g e , a v e r a g in g le ss t h a n $ 3 ,5 0 0 ,0 0 0 , p a r v a lu e , p e r d a y , p r ic e s h a v e b e e n w e ll s u s ta in e d . C e n t r a l o f N e w J e r s e y g e n e r a l 5s w e r e o n e o f t h e a c t iv e fe a t u r e s a n d a d v a n c e d o v e r a p o in t. S t o c k a n d B o n d S a l e s .— T h e d a ily a n d w e e k ly r e c o r d o f s to c k a n d b o n d sa le s a t th e v a r io u s s t o c k E x c h a n g e s , f o r m e r ly g iv e n o n t h is p a g e , h a s b e e n t r a n s fe r r e d to a p la c e b y its e lf. I t w il l b e fo u n d t o -d a y o n p a g e 261. R a i l r o a d a n d M is c e l la n e o u s S t o c k s .— T h e s t o c k m a r k e t h a s b e e n s o m e w h a t m o r e a c t iv e th a n la st w e e k , o w in g to th e f a c t t h a t a f e w issu es w e r e c o n s p ic u o u s ly p r o m in e n t ; b u t t h e t o t a l tr a n s a c t io n s a r e s till le ss th a n h a l f a s la r g e as fo r th e c o r r e s p o n d in g p e rio d la s t y e a r . M o n d a y ’s m a r k e t w a s d u ll a n d h e a v y a n d th e lo w e s t q u o ta tio n s o f t h e w e e k w e r e g e n e r a lly r e c o r d e d o n t h a t d a y . O n T u e s d a y th e r e w a s a d e c id e d i m p r o v e m e n t a n d a lo n g lis t o f s to c k s a d v a n c e d fr o m 1 t o 3 p o in ts S in c e T u e s d a y t h e r e h a s b e e n m o r e o r le ss ir r e g u la r it y , b u t a fu r t h e r a d v a n c e in m a n y issu es. A f e w u s u a lly in a c t iv e s to c k s , in c lu d in g C h ic a g o Sc E a s t e r n I llin o is , S t. L a w r e n c e & A d ir o n d a c k a n d R u t la n d p r e fe r r e d , h a v e b e e n d e c id e d ly s t r o n g a n d a d v a n c e d fr o m 6 t o 8 p o in ts . R o c k I s la n d w a s in d e m a n d a n d c lo se s 7 % p o in ts a b o v e t h e lo w e s t p rice o f th e w e e k . S o u th e r n P a c ific , S t. P a u l, C le v e la n d C in c in n a ti C h ic a g o & S t . L o u is a n d L a c k a w a n n a w e r e n o t a b ly s t r o n g fe a t u r e s . A m a lg a m a t e d C op p e r h a s b e e n b y fa r th e m o s t a c t iv e s to c k o n th e lis t flu c tu a te d o v e r a r a n g e o f 6 % p o in ts , a n d c lo se s w it h a n e t g a in . N a t io n a l L e a d issu e s h a v e b e e n u n u s u a lly a c t iv e a n d s h o w a s u b s ta n tia l a d v a n c e . A fe w sh a re s o f N a t io n a l S a lt so ld o n W e d n e s d a y 10 p o in ts a b o v e th e q u o ta tio n s n o te d la s t w e e k . U n it e d S t a te s S te e l, b o th c o m m o n a n d p r e fe r r e d , s h o w a fr a c tio n a l n e t g a in . O u ts id e M a r k e t .— D u r in g t h e e a r lie r p a r t o f t h e w e e k th e o u tsid e m a r k e t w a s r a t h e r d u ll a u d p r ic e s s l i g h t l y i r r e g u la r , b u t as t h e w e e k p r o g r e sse d t h e g e n e r a l to n e * b e c a m e str o n g e r a n d b u s in e s s , e s p e c ia lly t o -d a y , m u c h m o r e a c t iv e . T h e t w o s to c k s w h ic h a d v a n c e d so d e c id e d ly la s t w e e k — n a m e ly D o m in io n S e c u r itie s a n d H a c k e n s a c k M e a d o w s — c o n t in u e d t o m o v e u p w a r d s . T h e first n a m e d r e a c h e d 97, a g a in o f 7 p o in ts , a n d t h e o th e r rose to 5 6 % , a n a d v a n c e o f 2 % p o in ts. T h e r a n g e o f N o r th e r n S e c u r itie s h a s b e e n b e t w e e n 1 0 3 % a n d 105, c lo s in g a t t h e h ig h e r fig u re . T h e c o m p a n y t o -d a y a n n o u n c e d its first d iv id e n d — n a m e ly 1 per cen t. N e w Y o r k T r a n s p o r ta tio n rose fr o m 1 2 % t o 14. M e x ic a n N a t io n a l se c u r itie s (n e w “ w h e n issu e d ” ) a l l a d v a n c e d o n r u m o r s t h a t S o u th e r n P a c ific in te r e s ts w e r e s e e k in g c o n t r o l. The com m on w ent to 17, pre fe r r e d to 4 1 , 4 p e r c e n t b o n d s so ld a t 8 0 % a n d th e 4 % s at 102% . A m o n g t h e s e c u r itie s w h ic h d e c lin e d w e r e A m e r ic a n C a n c o m m o n , 15 to 1 4 % , a n d p r e fe r r e d 59 to 5 7 % ; S t a n d a r d O il flu c tu a te d b e t w e e n 650 a n d 64 4, c l o s i n g a t 6 4 5 , a n d A m e r i c a n 'T o b a c c o d ro p p e d fr o m 360 to 247, a n d so ld u p a g a in t o 251. N o r fo lk & W e s t e r n 4s w e r e in fa ir d e m a n d b e t w e e n 9 4 % a n d 9 4 % , c lo s in g a t 9 1 % . Q u ite a la r g e a m o u n t o f b u sin e ss w a s d o n e in co p p e r s to c k s , a n d s e v e r a l g a in s r e s u lt e d , n o t a b ly T e n n e sse e c o p p e r, 1 3 % to 1 5 % ; A d a m s , 48. to 54, a n d B r it is h C o lu m b ia , 9 to 1 0 % . G r e e n e C o n s o lid a te d d e c lin e d fr o m 8 0 % to 25, a n d clo se d at 25% . N e w issu e s d e a lt in w e r e A m e r ic a n P a la c e O ar C o o f N . V . o o m m o n (p a r 1 0 0 ), a t 4 0 @ 4 2 ; t h e p r e fe r r e d (p a r 100) w a s q u o te d a t 85 b id , 9 0 a s k e d . T h e M in e s S e c u r itie s C o r p o r a tio n (p a r $5) so ld on T h u r sd a y at $5 per sh a re . O u ts id e s e c u r itie s w ill b e fo u n d on p a g e 261. New Y o rk S to ck E x c h a n g e - S t o c k R e c o r d * D a ily * W e e k l y a n d Y e a r l y OCCUPYING TWO &TOCKS—1UQ1UCS T A N If L 0 W1CHT 8 A L K 1 ‘ 111C 8 8 Saturday Jan. 25 M onday Jan. 2$ Tuesd ay Jan. 28 Wednesday Jan. TJ Thursday J a n . JO OYUlay Jan. .71 PANICS STOCKS NEW VO UK STOCK KXCIIA MG Ifi Ha/nge. for Previous Sales a/ Jianye far Jea> VJ01 On basis of JOO share Lot;, Year (1900) the 11 eeic Shares ]newest Highest Highest Lowest 1 KuHi'oimIh. *32 35 85 *32 20 Fob20 M Nov25| 16 Hep 25 Dec 35 11 n Arbor.................... ,,,,,, *61 05 *61 1 65 "61 % 64 A Do pro! 50 Hep 25 06 Dec27 •10%.FJy 59 J)ec 75 % 76*8 75% 76% 75% 70' 76% 76% Adcli. Topeka A Santa l1 ’*!. 81,545 42 % .Jan 2 1 91 J’ nc 5 18% Jan 48% in e 24,105 70 May 9 108 Muy 3 5HI, Jan 89% Dec 96*4 9678 90% 97% 96% 97% 97 % 97% ix> prol 103% 1 0 2 % 103% 102% 1.03% 103 103 % J>iiibillion; A', Ohio . . . . . . 21) 05 l 8 J% Jan 4 114 % May 3 55 G Jan 89 % Apr 101% 102 102 96 :,.i 96% 96% 96% $ 0 6 ■9(> *95% 97 400 83% Feb27 97 <J’ do 5 72% Jan 90 A pi* 96 97 II ) I)n peer................. - 65 66 % 65 25,695 55 % Oct 7 88% Apr22 47 %Sep 88% Dec 65 ‘ 65% 66 64 % 65 lirookIy 11 Rapid Transit 65 *8 6 6 * 4 r ........... VI05 120 *112 120 120 1 12 120 118 77 MarlO 122 Nov25 52 Feb 85 Dec * ..........120 liulhilo Roclt. Pittsbg. 1 I 1% 143 *141 143 d4i*.; 143 *141*4 143 *141%143 ' J41 % 143 100 11 6 Mar 1 140 Nov29 02 Jan 125 Dec Do prof.................... 125 139 125 *125 1 3 9 139 139 *125 139 Hurl. Ocilar Rapids & Nor . . . . . . 120 Feb25 130 Hep 24 119 Jan J30% Oct IlT * i l T ' 113 % 113% l l ;;% 1 13% / mnadian Pacific.......... 7,750 87 May 9 117% May 7 84% Hep 99% Feb 1 1 2 *4 114 112% 113 •113% 114 87% 88% 8 8 % 88% H7 % 87 % V>&nada Southern.......... 5,800 54%.Ian 4 89 Nov25| 47% Feb 61 G Dec 8 6 * 2 88 8 6 % 87% 8 6 78 867e 192 192 *190 193 1,240 145% Jan 4 190% D< c30j 115 Jan 1 50% Dec 193 195 Central of New Jersey... 1191 191 *185 190 45% 45% 45 7a 40% 46% 46% 45% 46% 45% 46 % Chesapeake 6c Ohio......... 5,1 05 29 May 9 52% May 3| 24 J’ne 42% Dec 5 45% 46 3,350 27 May 9 50% Ai)r30l 31 Oct 42 Dec i‘‘-84 34% 33% 34% 84 *8 8 4% 34% 34% 34 34 % 34% 34% Chicago 6c Alton............. *76 76% 76 761 620 72% Jan 4 82% Apr 301 08% Nov 78 %Dec 76 76 % 8*75% 76% *75: 76% 276 76 Do prof.................... 143 ;i 4 3 l'136% 338 138 ' 142%. 14234 144% 142 144% 142% 143 Chicago & Kast’n Illinois 8,250 91 Jan 2 140 Novi, li 88 Jan 109 Mar 140 140 *138 140% *139 141 138 140 320 120% Jan 3 136 Apr 181J19% Dec 125 Aug 1138% 138% 138 188 Do pref.................... 23 23% 23% 23% 23 22% 22 7e 8,850 16 Jan 3 27 Nov I K 9% Sep 18 Dec 2 2 % 23% 23% Chicago Great Western.. 2 2 % 22% *91 92 92 *91 92 *91 *91 92 £91 92 90 .J’ly 27 94% Marl 5 81 J’ne 94 %Dec Do 4 p. c. debentures *84 84% 84% 584 650 75 May 10 90%.Fne24 08% Aug 82 Dec 84 85 84 84 7e f83% 84 Do 5 p. c. pref. “ A ” .. *44% 4 5 1 . $44 44 1,325 41 Dec 9 56 Marl 4 30 J ’ne 45 Dec *43% 44 43 a4 43 34 44% 45% 45% 46 Do 4 p. c. pref. "B” .. 52 53% 51% 53 53 8,000 23 Jan 21 52% Dec 31 14 Jan 29 Apr 52 52% 52% Chic. Indianap. <fc Louisv. l151 51 5034 51 76% 76% 70% *76 725 58% Jan 21 77% Sep 10 45 ’/j Jan 64 Dec 76% {76% 76% 75% 76 75% 75% *76 Do pref.................... 163 164 % 163 164% 164 164% Chicago iMilw. 6 c St. Paul. 1.43,156 134 May 9 1.88 May 6 108% J’ne 148% Dec 101% 162% 160% 161% 162% 164 350 175 May 9 200 May 3 109% Jan J87% Dec *187 188% 187 187 $188% 1 8 8 34 188%188% *187 188% 187 188% Do pref.................... 2l25e21438 211 2 1 2 78 212 214 % 213% 214% 213% 214% 214% 214% Chicago & Northwestern 7,415 168% Jail 21 215 May 1 ] 50% J’ne 172% Dec 100 207 Mar 3 248 A p ril 195% May 220 Dec 238% 238% • ........................... Do pref.................... 156% 159 157% 160% 159% 165 Chic. Bock Isl’d 6 c Pacific 22,797 116% Jan 4 175 % J’ue 5 102 J’ue 122% Dec ! 3.56% 155% 155 155% 155% 157 140 150 Chic. St. P. Minn. & Om. 138 139 *140 150 "140 150 *140 150 125 Mar 2 146% Nov22 110 Oct 126 Nov 185 198 185 192 *185 190 *185 198 *185 195 180 Mar29 201 A p ril 172 Feb 175 Mar Do pref.................... 17% 18 18 17% 17% 17% 17% Chicago Term’! Transfer. 2,000 10% Jan 19 31 Apr 16 8% Oct 14% Dec 17% 17% *17 *17% 18 33% 32% 33% 33 *30% 32% 32 33% 6,000 28% Dec 5 57% Apr 15 20% Oct 39% Apr ;• 32% 32% 32 32 Do pref.................... 98% 100% 99% 99% 99% 99% Cleve. Cin. Chic. & St. L. 14,300 73 May 9 101 Nov 8 55 J’ne 76 Dec 97% 100% ’■j-36% 9618 96% 98 121 123 *122 124 *121 123 *121 124 400 115% Jan 12 1.24 Nov 25 103% J’ne 118 Dec *1X 8 122 118 1 2 2 Do pref.................... 40 *35 >35 40 *35 40 27% Jan 7 42% Nov27 14% Jan 30 Nov Cleve. Lorain & Wheel’g. 600 67 Aug 7 82 Dec 31 4 0 Jan 72 Apr *77% 80 77% 77% 77% 77% Do pref.................... 8% Dec 14% 14% 14% 14% 14% 14% 14% 14% $14% 14% 14% 15% Colorado & So., vot. trust 15,895 6% Jan 21 18 Apr29 5 Sep 61% 61% 61% 61% 61% 63 60% 61 60% 60% 60 60 Do 1st pf. vot. tr. cfs. 8,130 40 Jan 31 60 Dec28 36 Sep 47% Mar 29% 29 29% 29% 30% 28% 28% 29 *28% 29 28% 29 Do 2d pf. vot. tr. ctfs. 13,200 16% Jan 4 28% Apr 29 14 Sep 20% Mar 171% 173% 171%173 172. 173% D elaware & Hudson__ 172% 173 170% 172 5,000 105 May 9 185% Apr 3 106% Sep 134% Dec '172% 173 270 270% 270 270% 270 270% 272 273% 272 272% 274 281% elaw. Lack. & West’n. 5,340 188% Jan 3 258 Dec 31 171% Sep L94% Dec 43% *42% 43% Denver & Bio Grande__ 700 29% Jan 21 53% May 6 16% Jan 34% Dee :*42% 431a 42% 42% 42% 43% 43% 43% *42 91% 91% 91 91% 91% 91% 2,668 80 Jan 21 103% J’nel4 64% J’ne 87 Dec 9078 9078 90% 90% 90% 91 Do pref.................... *30 *30 45 *26 ““ 46 *30 ........ Denver <&Southwestern. *20 46 40 Novi 2 71 J’ne27 50 46 *25 5*30 48 "30 49 49 50 *20 100 69 J’ly 29 69 J’ly 29 Do pref..................... 39% 40% Des Moines <fc Ft. Dodge. 1,400 18 Jan 30 45 J’ne 5 12 J’ne 21 Dec *35 *35 40 40 40 *13 14 *13 14 *13 14 Detroit South.vot. tr. ctfs 14 *13 ;*ia% 14 14% Dec 11 17 Dec 5 14 35% 33% 33% 35% 35% "33 % 35% *34 200 36 Dec 12 40% Dec 5 *34% 36 36 Do pref. vot. tr. ctfs. 10% 10% 1 0 % 11% 10% 10% 1 0 % 10% * 1 0 1 1 % 11% Duluth So. Shore cfc Atl.. 6.908 4% Feb 5 12% J’ne 5 1 0 % 4 J’ne 6% Mar 20% 2 0 % 21% 5.630 13% Jan S 22% Sep 30 12 J’ly 20% Nov *18% 19% 18% 18% 18% 19% 19% 19% 2 0 Do pref................. 37% 38% 38% 39% 38% 39% 38% 39% 39% 39% 87,810 24%May 9 45%J’ne 4 10% Sep 27% Dec * 3838 39 70% 71% 70% 70% £69% 69% E rie70 70% 69% 70% 70% 71 59% Jan 21 75 Dec 31 30% Sep 63% Dec Do 1st pref......... 55% 55% 56 ; 55% 56 55 10,170 39% Jan 4 62% Dec 31 15 Sep 43% Dec 55% 55% 56% 55% 56% 55 Do 2d i>ref......... 57% 58% *57% 59 *57 58 57 7,730 41 Jan 31 68 Apr12 38% Oct 54% Mar 58% 61% '61% 63 Evansv. & Terre Haute.. 57 90 *84 87% 88% *83 88 *84 90 *83 *83 88 200 81 Jan 4 95 A p ril 74 Oct 94% Apr 88 Do pref................ *31% 33 *31 33 Ft. WorthtfeDen. C.,strop 32 33 "31 33 34 300 17 Jan 18 36 Apr20 12% Mar 20 Dec *31 186 188% *186 187 *186% 188 Great Northern, pref__ 2,300 167% May 9 208 Marl 5 144% J’ne 191% Dec 186 186 *2 185% 185% 186 186 75% 75% 75% 75 75 Green B. & W., deb. ctf. A 75 75% 75 38 65 Jan 2 67% Feb 14 53% Mar 66 Dec 11 11 11 8% Dec 15 7% Jan 28 11% Apr 22 . 5% Sep 11% Do deb. ctf. B 6 8 % 63% 1,510 40% May 9 75% Dec 26 30% Jan 42% Dec 6 8 % 6 8 % *68% 69% H ocking Valley. 68% 68% 68 68% 6 8 % 6814 82 82% 81% 82% 82% 82% 82 *81% 82% 8 i% 81% 82 1,055 69% Jan 21 88% Dec26 58 Jan 74% Dec Do pref......... 139% 140% 140 140% 140 140% £137% 137% L llinois Central 9,910 124 May 9 154% J’ne29 110 J’ne 132% Dec 13834 13834 138%139 *39 3934 *38% 39% 39% 39% 39% 39% 39% 39% 39% 41% owa Central... 3,170 21 Jan 21 43% J’ne21 11% Jan 27% Dec 75% 72% 72% 7234 7234 72% 74% 73% 74% 73% 73% 74 6,100 48 Jan 21 87% J’ly 1 39 Sep 58 Mar Do pref...... 35% 35% K anawha & 34 34 34 35% 35% 900 21 - Jan 8 41 J’uel5 10 Jan 25 Dec 3378 34 34 82% 81% 82 82% 82% 82% 82 2,851 77% Dec 16 81% Dec 28 82% *82 82% 8234 82 C.Ft.S.<fcM *19 20 20 Kansas City So. vot. tr. .. 19 19% 2 0 *19 20 800 13% Jan 4 25 Apr 30 *19 7 Sep 17 %Apr 20 44 44 *44 45 44% 44% 45 300 35 Jan 4 49 Apr30 27% Sep 43% Apr *4312 45 Do pref. vot. tr. ctfs. * 1 0 • 15 *10 15 *10 15 Keokuk & Des Moines... *10 15 *10 *10 3% May 6 Dec 15 15 5% Jan 3 IS % Out 2 *40 45 *40 45 *40 45 *40 *40 45 *40 45 Do pref.................... 45 24 Jan 2 45 % Sep 30 14% Oct 23' Dec $66 *67 69 L ake Erie & Western... 66 *66 68 *65 66 67 810 39% Jan 21 76%Nov25 20 %Mar 52 Dec 67 68 88 r125 129 *125 129 130 132 127 128 *126 510 108% Jan 21 135% Sep 27 83% Feb 115 Dec *128 130 Do pref.................... $335 335 50 $230 A p ril $355 Nov22 $197 Jan $240 Dec L. Shore & Mich. South’n *79 82% *80 *80 83 Long Island.................... *79 *79 600 67 Jan 3 90 Dec L8 47% Jan 89 May 83 80 81 81 103% 104 Louisville & Nashville... 21,360 76 May 9 111% J’nel? 68% Sep 89% Dec 102 % 102% 102% 103% 103% 104% 103% 104 102% 103 135 135% 134% 185% 134% 136% 134% 136% 134% 135% 135% 136 M anhattan Elevated... 36,990 83 May 9 145 Dec 5 84 J’ne 116 % Dec 170 172 170% 171% ie9% 171% 168% 170% 170 172 etropolitan Street__ 55,359 150 May 9 177 J’ne24 143% Sep 182 Fob 170% 171 *37 40 *38 42 Met. West Side El. (Chic.) *38 40 "38 41 *37% 40 *38 40 27 Jan 9 41 Nov22 0 4 % Jan 37% Apr 91% *90 *90 92 92 *90 92 *90 92 *90 91% *90 79% Jan 15 93 Sep IS 76 Feb 84% Nov Do pref.................... 28% 29% Mexican Central............. 16,575 12% Jan 21 30 May 2 10% Jan 17% Dec 28 28% 28 28% 28 29% 28% 29% 29 29 16% 17 5 Mar 31,500 3% Jan 24 15% Oct 12 2% Sep 15% 15*8 15% 15% 15% 15% 15% 15% 15% 16 140 165 "140 165 Michigan Central............ *140 165 *140 165 *140 165 107% Mar 4 180 Nov25 $104 Jan 115 J’ne 106 106% 106 106 106 107% Minneapolis & St. Louis. 2,900 67% Jan 19 111% J’lvl9 45% J’ne 71%Dec 106 106 *io5% io6% 105 105 120 1 2 0 ^ 119 119 300 101% Jan 7 124% Oct 23 87% J’ne 104% Nov Do pref.................... *117% 119 "117 119 *117 119 39% Minn. S. P. <&S. S. Mane. 4,825 15 May 9 36% Nov25 14 Sep 27 Apr 39% 39 38 38 37% 38% 38% 39% 38% 39% 39 94 95 1,670 49 Apr 9 94% N ov25 47 Nov 69 Apr *91 92 94% 94% 94% 94% *90 92 Do pref.................... 93 94 25 25 9 Sep 17% Dec 1 ,2 0 0 24% 24% 25 15 Jan 21 35% Apr 20 25 24% 24% 24% 24% Mo. Kansas <fc Texas...... *24% 25 52 52% 52% 52% Do pref.................... 52 52% 52% 52% 52% 53 2,610 37 May 9 6 8 % Apr 19 25% Sep 47% Dec *51i2 53 1 0 2 % 1 0 2 %102% Missouri Pacific............. 34,180 69 Jan 4 124% J:nel4 38% Jan 72% Dec 101 % 102% 1 0 1 % 102% 1 0 2 1 0 0 % 101% 100% 101% $191%Jan 8 197% Apr 9 $18:)%Jan $189%May Morris & Essex............... Y. Central & Hudson. 2 2 , 1 2 0 139% Jan 21 174% Nov25 125% J’ne 145% Deo 160 160% 159% 160% 160% 161% 161% 162% 161 % 162% 161% 162 49 49% *48 49 N Y. Chic. & St. Louis.. 2,710 16 May 9 57% Sep 28 11 J’ne 24% Dec 49% 49 49 50 $50 50 49 50 f1 2 1 125 * 1 2 2 125 *115 120 Do 1st pref............... 1 , 1 0 0 97 Mar 1 120 Sep 18 75 J’ne 110 Dec 1 20 % 120% 120% 124% *120 125 86 Do 2d pref............... 1,113 47 Mar 1 95 Sep 28 29 J’ne. 58% Dec 87% 87% 87% 88% 8 8 % 88% 8 8 % 8 8 % $89% 89% *80 $409 Nov 7 420 Apr 1 400 May 420 J’ly New York & Harlem...... . . . N. Y. Lack. & Western... 9 9 $134%Jan 15 139 Feb 21 $130 Jan $135 Mar 355 $206%Feb 27 217 J’ne24 $207% Sep $215% Jan • 210 210% *210 212 209% $210 * 2 1 0 21I N. Y. N. Haven & Hartf. 210 5211 * 2 1 0 2 1 1 33% 33% 33% 33% 33% 33% 33% 34 33% 33% 33% 33% N. Y. Ontario <fc Western. 12,170 24 May 9 40% May .1 18% J’ne . 32% Dec 56 6,335 42 Jan 10 61% Nov25 22% Jan 45% Dec 56% 56 56% 56% Norfolk & Western......... 55% 55% 55% 56 56 6 6 % 56% 312 82 Feb 15 92% Nov22 67 Jan 83 Dec Do adjustment, pref. 92% *91% 92% 92% 92% *91% 92% 92% 92% 92% 92% *92 77% Jan 21 ||700 May 9 45% Sep 8 6 %Dec Northern Pacific By...... 300 52 Feb 1 78 Dec 2 46 May 62 Nov *78 75 "73 74% P acific Coast Co............ 74 74 75 74% 74% 74% *73 Do 1st pref............... 89 Feb25 103%Dec. 2 8 2 % Sep 90% Dec *100 104 *100 102 *100 102 * 1 0 1 104 * 1 0 1 104 *102 104 *78 63 Jan 8 83 Nov29 57 May 69%.Oct Do 2d pref............... 82 *78 82 *79 *78 81 82 *78 81 82 *78 14 7% 148% 148% 149% 149 150 148% 149 149 149% 149% 149% Pennsylvania.................. 56,773 137 May 9 161% Apr 22 124% Sep 149% Dec *40 43 Peoria & Eastern............ 40 450 14% Jan 22 50 Sep 27 *40 5 J’ne J8 Dec 48 43 43 $40 40 42% 42% $40 „ _____ "70 *70 80 Here Marquette............... 80 80 33%Jan 9 94 Nov 13 20 Jan 35 Dec 80 *70 *70 80 *70 80 *70 *80 90 72 Jan 2 8 6 J’nel7 55% Jan 73% Dec Do pref *80 *80 90 *80 90 *80 90 *80 90 90 *82% 85 200 "82% 85 Pittsb. Cin. < 57 Jan 30 81 Dec30 49% Sep 80% Jan 84% 84% *82% 85 *82% 85 *82% 85 Do pref 88 Jan 4 113 Dec30 78 J’ne 94 Jan *106 ....... *106 .... *106 *106% *105 *105% 169,150 24% Jan 4 58 Dec 30 15 Sep 26 Dec 55% 56% I> eading, v 54% 55% 55% 56% 55% 56% 55% 50 64% 56 8,830 65 May 9 82% Dec 30 49 Jan 71% Dec; 81% 82% 81% 82 81% 82% l-V) 1st pref. 81% 81% 80% 8 i%j 81% 82 40,030 38 Jan 3 64% Dec 31 23% Sep 39% Dec 62% 63% 62 % 62% 62% 03% 2 d pref. vot’g tr. ctfs. 60% 62% 60% 61% 61 63 4.894 97 Nov 4 112% Nov 7 115 117% 117 118% 117 117% 117% 118% 118 118% Rutland, pref............. . 111 % 115 *32 *61% 75 1)6*8 35 64 75*0 96% 1 0 2 102 4 *95% 96% 1 65 66 *32 *61% 74% 95 % 35 64 75 Hu 96% *32 mmmm B A N K S A N D T R U S T CO M P A N IE S— B R O K E R S ’ Q U O T A T IO N S Bid A sk Bid Aslc B id A 8k Hanks Hanks Hanks Bid A sk Biinkis Bid A sk Banks Banks Irving ....... 2 1 0 120 Mt Morris^.. 115 165 Citizens’ ...... 225% t Phenix....... NEW YOKE 150 J4th8treet1f. Bid Ask City............. 0 0 0 CITY MutualU...... 225 250 Plaza!]......... 550 Fourth ....... 280 240 J effereon!]... 175 025 Prod Exclill. 165 Iso' America!!... 549% t Gallatin...... I457 _. , %. Leather Mir. 256 270 Nassauji __ 190 Colonial 1j ... 310 Liberty ...... 050 Arner Exch.. 1280 280 % Columbia|f.. 350 Gansovoortlf ) 40 New A nistcr 1350 1400 Riverside!!.. 300 Lincoln....... 1 0 0 0 A fttor.......... 700 Seaboard __ 450 Now York Co 1500 j Commerce... 1319% 349% Garfield...... 500 Manhattan!]. 320 335 N Y Nat Ex. 220 y><>werydj — 1335 Corn Hxoii^J. 44 7 % t German Aw1[ 140 Second....... 675 Market & Ful 1255 Broad wav... New York... I340 Seventh, new 125 425 Last River.. J50 - - - - - - German JSxfl 340 Mechanics’ . 4290G iiutch’ft <feDr 140 Shoe A Letli. 120 JJth Ward'll. 1 50 19th War dll. 150 Germanbid! -- 500 Meoh 6c Trail 170 165 North A mer. 325 Central....... J93 J4 t ; Kmp’eStatetj 205 . State!|_____ 550 Green vvicli Century 1|.... 160 175 |Fidelity^ .... 215 State *>l N Y!| 1170% Hamilton^ .. J0 0 175 Mercantile.. 4800 % Oriental^__ 1225 jphaae......... 700 12th Ward!|. 1 1 0 j Fifth Avejj.. 3300 3550 Hanover...... 075 700 Merch Ex oh. 150 105 Pact lied...... 205 __ Fifth............ 300 Merchants’.. 1 191 Chatham__ 325 u id*' Hath J50 Park........... 10*12 'v 650 23d Ward!!.. 110 Chemical__ 4 J00 4200 ; First (new) . 770 Union Sqll... 325 imp <Sc Trad. 1021 % 025 Metropolis !| 700 ....... People's!!__ 250 Lea# than 1 0 0 ihare t. % BJx r igllls. * Bid and asked prices no sales were made on thi !l Stale banks. a Ex dividend and rights. t Sale at Stock Exchange or at auction thU week . ||Stock "cornered” sales for "cash’ were made as high as 1000. s Trust Co. corl-iUcates. mmmmm 56 Stock Eeoord—Concluded—Page 2 O C A S -A i i u ti M u n UU/U 1 JUU- •wt 10 As r a y u T u esd a y Jan 28 L u BAS T t |W e d n e s d a y Jan. 20 la y Jan. 30 l ST O C K S N EW YOUK STOCK E XC H A N G E JfYLday Jan. 31 [V ol. LXX1V. M a n g e to r Y e a r 1 0 0 1 llim y e fo r P r e v i o u s S a le s of On O asis o f UJO-share lo ts Y e a r ( 1 1 )0 0 ) th e W eek , S h a res Slow est H ig h e s t L o w est Hi /host *1 i 13% 13% 2t. J. tfc (3. Ial, v. tr. ctfs 14 000 5 Mav 8 1)ec 7% Jail 21 15% J ’ne 8 , , . . . . 04 *........ 04 S' Do 1st pref. v. tp.ctfs ...... G it 1 78 % J ’ 111-25 38 >1 Mav 6 1 Lee 2 0 % *2 1 *20 2 0 % *20 20 % *21 26% l>o 2d pret. v. 1v. ci ts 17 Dec 1 1 30 J’ne 5 1 1L .1 iu 21 l)ec 135 i.36 | 136% 139 134% 13d 138 % 139 % 139 *4 140 % 140 140 St. Law. tfc Adirondack... 8,150 57 Jan 29 13 1 Dei- 19: l, 06% 0 2 % 61 0 1 % U 4 62 % 01% 0 2 % St. Louis As 8au F ra n ,... 8,706 21% Jan 4 56 % 1)ec 19 02% 8 T J ’in 24 1 1ne. 86 *88 $85 85 80 *83% 8 0 *84 *83 85 26 / 5 ■> 1.', 15 88 Mar 12 64 So)* 78 1)eo Do 1st p r o f ............. /IHj 4% 10 7 5 % 74% 75 73% 74 % 74% 75 Do 2d prof............... 0,025 53% Jan 4 76 %J ’ne 19 31 %J ’ill 55 Dec *26% 4 l ”4 26% 26% 20 2 0 3b *25 2 0 % *25 % 2034 8t. Louis Southwestern. 966 10 .May 9 39% Apr 30 , 1)ee 8;h J ’ lit 18 M 58% 59 59 59 58% 59 DO 59 % 57% 6 8 % 58 % 69 2,9;) 6 41 %Jan l> 71 J ’nel 6 21 J ’m 45 ,, Dec Do prof..................... 68% 59 587* 60% 58% 597g 00% 60 58 61 % 6 1 % 0 2 % Southern pacific C o...... 210,385 29 .May 9 03% .riie 5 30* J ’m UV ,1 Dec 32 32% 33% 33% Southern voting tr. ctfs.. 50,1 66 18 Jan 21 35% J im 3 16 '8 J’m 23: Dec 32% 33% 33 33% 3L% 32% 94% 95% 93% 94% 92% 93 94% 95% 95 95% 0 2 % 93 Do prof. vot. tr. ctfs. 50,766 67 % Jan 21 9 1% Nov 2 i 49 l J ’m 73 HDee. *38 38% 38% 38% 38% 38 3 7 78 3 8 % 38% 38 % 38% 'P c xas A Pact lie........... . 38 2,360 2 3 % Jan 3 ;>2 !.j May 3' 13 J'm 20: .j Dee 125 126 *123 125 *124 120 125 125% 124 125 4 124 125% * bird Avenue (N. 866 J L7 May 9 129% Jan 9 45 -1 M m 135 Jan 20% 19% 19 % 19 19 % 19% 2 0 20 20 20 2 0 % 2 0 % Tol. Ht. L. A. W. v. tr. ctfs 3,500 LO FcblO 25 %Mhv22' 30 30 78 3 (> 3 6 36 36% 37 36% 38ab 3 7 3 4 38% 36 Do prof. vot. tr. ctfs. 17,990 28 M ay 9 39 %M ay2 2 .. 11034 1 1 1 % 1 1 L 1 1 1 Twin City Hapid Transit. 108% 109 109% 111 108% 108% *108 1 0 0 3,150 05% J au 2 1 109% Dec 3 11 01 Fly 70‘-1I )ec ‘ 154 158 '‘ 154 158 154 158 *154 158 ........ 147 Apr 19 166 N ov30 130 Jan 140 Dec Do prof..................... loo loo°* 99% 1 0 0 % 1 0 0 % 1 0 1 % 1 0 0 % 1 0 2 % 1 0 0 % 1 0 2 % 1 0 1 % 1 0 2 % niou Pacific................ 135,720 76 May 9 133 May 2 •l 1Vi Jan 81 • ’ Dec 88 8734 8 8 88 87 7s 8 8 % 8 8 % 8 8 % 8 8 3W 8 8 % 89% 89 % l i Do prof..................... 8,7 70 81% Jan 21 99 May 1 76 J ’ m 1 85*' b Dec Q 2 2 % 6 '2,% 22% 22% 22 ^ 2 2 % 2 2 % V I/ abash. UO Li 22 % 2 2 % 22% 13,806 1 1 %Jail 3 26 J ’ne 3 0 •JMai 14 Dec 41 42% 42% ’ ' Do prof. 42 42% 42% 42 4L% 1 2 % 42% 42% 42 4 17 1734 18 17% *17 17% *17 17% 17% "17 17 17% Wheeling A Lake Erie. 766 11 % J an 31 J ’lie- 4 8 J ’Ilf 13 % Dec $51 51 50% 50*4 61 50 50 *49% 50 49% 49 % 50 1,610 45 May 9 60% Mar28 44 % Sep 58 % M ar Do 1st prof.. $8734 27% $27 •% 2734 *28 30 29 28 % 28% 29 29 372 24 May ‘J 38 Mar28 Do 2d prof.. 1% J in 33 % Mar 19 20% 20% 20 19% 2 0 1 9% 19% Wisconsin Cent. v. tr. els. 19% 2 0 % 19% 20 3,595 14 % Jan 21 26 J ’ nelT 10 Sop 20% Apr *40 40 7y 40% 40% 39 34 30% 39% 40 40 41 89% 40 2,566 38% Jan 17 4934 Apr 17 30 Sep 57 Apr Do prof. vot. tr. ctfs. M iscellaneous. 195 205 *195 205 *195 205 '195 205 195 205 '195 205 $145 Jail 8 $202 D ec24 Lll Jan $ 1 5 0 N o v dams Express........... 71 75% 74% 77% 72% 77 73% 75% 78 74 76% 71% malgamated Copper.. 485,460 60 % Dec 17 130 J 'n e l7 8934 Dec 9 9 N o v \ 3., 2% 3 2 % 2 % *2% 3 ’ 2% *2% 3 3 666 2% American B ic y c le .......... 1%Sep 26 8% A pr23 *10 *11 12 14 1l *11 12 12 *11 12 12 11 660 10 Sep 30 35 Apr Do prof..................... 29% 29% 29 29 % 29% 29% 29% 29% 28% 29 % American Car A Foundry 29 29 5,576 19 J a n 21 35 J ’ neld 12% Jail 25% Nov 85% 857y 8534 85% 86% 86 % $8 5 % 8 6 85 % 85% 85% 80% 2,512 67 J a n 19 89 % J ’ly 8 573h.J’ ill 72 Dec Do prof....................... *30% 31% * 8 6 30y4 30lh *30% 3 L American Cotton Oil...... *30 % 31 % 30% 30% 31 666 2 4 Mai- 8 35% J’nel 7 30 J ’ 111 37% Apr *86 ...... ...... 88 *86 88 88 *85 Do pref....................... 85 Apr 10 91% J an 8 8 8 34 Sep 100 Apr *36 *36 40 *36 40 40 *35 ’ 4 6 ” *35 T o " American District Teleg. 40 *38 32 Oct 4 46 May 3 24% J au 37 Nov 215 220 * 2 1 0 2 2 0 *210 220 215 220 '215 220 American Express........... $215 219 137 $169 Jail 12 216 Nov 19 $142 Mai 191. De-j 417, 41% 41% 41% 41% 42 American Crass Twine .. 41% 41% 41% 41% 417, 41% 6,260 39;i4 Dec 16 45 Nov 25 a27% 28 American Ico.................... 28% 29 29 29% 29 29% 29 29 28% 29% 5,445 25% Oct 2 41% Marl5 $27% .1 1*' 49 % Apr *65% 67 66 % 00% 67 $67% 67% $67 67 $67% 67 \ *65 256 Do pref...................... 62 Oct 10 7734 Mar22 00% J ’ ne 78% Feb *16 20% 25 American Lmsoed........... IS 20 18 16 17 21% 16 16 3,166 *15 5 % Jan 24 36% J ’ly 9 6 Nov 16% Feb 42 42 49 % 53 *44 48 44 44 45 48 58% *41 1,685 31 Jan 24 66 J ’ly 9 34 % Dec 60 Feb Do prei...................... 32% 33% American L ocom otive... 43,610 22 % Aug 13 3378 Novi 9 31 31% 32% 31 % 31% 31 31 31% 33 31 91% 9 L% 90% 91 92% 92% 91% 92 91% 92 91 6,566 83*% Oct 4 91% Nov 19 Do pref....................... 92% *5 *5 % 6 ■r5 % 6% A inencan Malting........... -5% *5 6 6 6 6 *5 4% Feb 4 734 Jan 8 J ’ne20 3 JTn. *21 *21 *21 24 24 *21 24 24 *21 24 24 *21 22 % Dec 19 36 J *11025 18% J ’in 8 L% Jan Do prof....................... 4734 47% 477, 47 7 e 47% 48% Amer. Smelt’g A Ketiu’g. 34,960 38% Oct 7 69 Apr 26 34% J ’in 56% Deo 48% 49 48 491 47% 48% 97 97% 97% 97% 98 97 97 97% 97% 97% 96% 97 6,423 88 F e b 26 161% J ’iio‘20 85 J ’m 96 Nov Do pref....................... 41 4 L American Snuft................ 26 M arl 9 497qJ ’ne 8 87 78 87 7S 87% 88 87% 88 Do pref....................... ’ T o o 73 Apr 17 90 J ’ uel 1 123% 1253* American Sugar Refining 193,225 103% Dec 24 153 J ’ ne 3 95% Mar 149 Dec 126 128% 124% 1261 123%126% 12534 128 $118 118 ' *116% 117% 117% 117 % 117% 117% 117% 117% 11034 Do pref....................... 1,038 111 Dec 2 4 130 J ’ly 19 107 Mar 118 J ’ly 90 *90 95 *89 *89 90 American Tel’gh & Cable *89 90 *89 91 90 90 116 $94 Jan 7 100 A p rl3 $87 Sep $98 % Jan 99 May 9 146% Oct 23 84% J ’lie 115 Oct American Tobacco............ T o*" T o " American W oolen........... 1534 16% *1*5% ' *161 * 16% ' 15 % * 1*5% 15 h 16 16 2 , 1*00 13% Marl5 217fi J an 2 21 % Dec 22 % Deo *78 * ........ 79 79 *76 79 *78 79 *78% 79 *77 79 Do pref...................... 70 Mar 22 82% J ’ly 1 76 Dec 76% Deo 34 337, 31% 32 3234 34% 35% Anaconda Copper............. 44*650 28% D e c23 54% A pril) 37% J ’ne 54% Apr 33% 34 33 31% 32% *212 *212 217 *212 217 217 *212 217 212 217 *212 217 |Brooklyn Union Gas__ 175 Jan 18 228 A p r 15 140 Jan 183 Deo 16% 10% O runsw . Dock A C. Jmy’t 16 10 *9% 10 10% 10 10 10 8% Jan 19 14% M arl 9 850 6 % J ’ 11e 16% Jan 86 % 86% Colorado Fuel & 1ron... *85 86 86 85% 86% *85 86 85 3,100 41% J an 21 136% J ’nel7 29% Sep , 56% Dec 84 85 *126% 130 126% 130 *126 130 $130 130 *127 130 *126 130 J l)o pref...................... 10 116 Marl 9 142 % Apr 29 117 Oct 131% Jan 15 *14% 15% *14% 15% 15% Col. tfc Hock. Coal A Iron. 15 15% 15 15 14% 15 1,860 12 % Oct 23 25% J ’nel 7 11 % J ’ne 21 Apr 217 217% Consoliflated Gas (N . V.). *216% 218 216 % 216 % 216% 217% 217 21734 *216% 218 2,276 187 Jan 18 238 A p r 15 tl6 4 Sep 201 Nov 117% 117% Continental Tobacco, prei *117% 118% 117 117% 118 118 118 118% 117% 118 2.400 93% Jan 2 124 J ’nelO 70 May 95 Nov *132% 135 *132% 135 $135 135 *132% 135 *132 % 1 3 2 % ... 20 127% Oct 10 152% Aug29 Diamond M a tc h ............. 9 8% 9% 8% 8% 9% Distilling Co of America. 13,760 8% 8% 8% 8% 6% Oct 14 10% J’nel8 8% 8% 36 36% 34% 34% 0 5 % 3b% 34 35% 35 35% Do pref....................... 12,719 23% Sep 13 34% Nov 9 34% 34% 279 279 273% 2783 4 280 280 277% 279% 278 280 1,900 183% Jan 10 289% Dec 6 120 J ail 200 Dec General Electric............... 277 270 56 51 Glucose Sugar Refining.. 16,145 37 Oct 24 65 May 2 44 Mav 60 Nov 50% 51 46 49 49% 50% 50 51% 48% 50 *103 110 102% 102% 103 110 $103 10 98 103 *100 lo o Do p ref................. . 220 93'% Mar 5 107 Aug 5 92 Dec 103 Nov 20 20 19% 197 20 19% 20 4,600 18 %May 10 28 Mar22 14% Mar 20% Nov nternational Paper....... 19% 19% *19 19 12h 75 75% 75 75 76 75 75 % 75 % 75% Do pref....................... 75 $75 75 1,910 69 Jan 21 81% Sep 10 58 Mai 75 Nov 87 88% International Power....... 87% 88 *87 87% 88 89 2,500 54 % J ail 2 100 % May31 24 J ’ne 55% Dec 034 6a4 International Silver........ *6 % 7 *6% 7 6% 6% 5 % Feb 6% 6% 11 Jan 5 6% 6 % 1,525 3 % Aug 1 0 7g J an *44% 47 45% 45 *41 45 45 *42 *43 45 45 100 33 Apr 25 51 Dec 4 Do pref....................... *41 *50 52 Internat’l Steam Pump.. 52 52 *49 50 52% 50 52 53% 2.400 24% Jan 22 49 N ovi 9 28 Dee 29% Dec 49 78 50 *85 90 *85 90 *85 88% 88% Do pref................... 89 90 86 89 140 74 Jan 24 89 Oct 16 76 Dec 77% Dec *85 t r 90 88% 88% ’ ........ 90 90 200 70 Jan 18 95% J ’ly 8 65 May 80 Jan ....... 90 90 90 T aclede Gas (St, Louis). 108 ........ 108 -Li D o pref....................... 105 108 110 .......110 105% 110 95 Jan 21 106% N ovi 2 96 Jan 100 Jan 100 iio " *12 15 Manhattan Reach........... *12 15 *12 15 *12 14 12 15 8 Oct 12 22 Apr 16 6% Jan 18% May 44% 44% 44% 44% 4434 44% ational Biscuit........... 44% 44% *44% 441 976 37 Jan 21 46 May 3 23 J ’ne 40% Nov 44% 44% 105 106 *105 106 Do pref....................... 104 105% 105 105 104 106 *105 106 100 92 Jan 2 103% N ovl8 79% J ’ne 96 Feb 18% 19% National Lead................... 15.550 15 Marl 4 25% J’nel 2 15 % Aug 28% Feb 18% 18% 16 17 18% 19% 19 19% 17% 19% 88 80 81 83% 83% *82 Do pref....................... 85% 85% 86 86 1,720 74% Dec 24 93% J ’nel 8 83 Aug 106% Feb S3 85 157 157 New York A ir Brake....... 700 133 J ’ly 15 175 A p r26 112 Sep 175 Nov 157 157 155% 155% 156 156 157% 157% *155 158 13 % 13% New York D o c k ............... 120 13 Dec27 15 Dec §40a 4 403 4 42 42 Do pref....................... $40% 40% 238 45 Dec 20 47% Dec 42 42 91 91% North American Co., new *87 90 90 90 88 90 700 73% Feb 14 109 J ’nel8 90 90 *87 90 46 46 acific Mail..................... 46% 46% *45 47 *46 47 800 30% May 9 49% Nov 11 2534 J ’ne 57 Nov 46% 46% 46 46% 98% 101% 101 101% 100% 101 101 101% 101% 102 eop. Gas-L.cfc C. (Chic.) 24,650 95 34 Jan 21 120%J ne21 81% Obt 1 1 1 % Apr 101% 102 4034 4 L Pressed steel Car............. 40% 40 78 40:% 40% H I 40% 40% *39% 40% 41 1.375 30 Mar 7 52 Jan 32 % Sep 5S34 Jan 84% 85 84% 84% *83 84% 8478 84 84 2,945 72 % Mar 5 89 Apr 29 7034 Sep 89% Nov Do pref...................... 84% 85 84% 226 226 *217 221 j 222% 222% *218 223 *220 223 *221 223 250 195% Jau21 225 Oct 17 176 J ’ m 2U4 Dec 2% Mar *3 % 4 Quicksilver M ining........ 1% A pr 22 *3% 4 % Aug *3% 4% 5% Mav31 *3% 4% *3% 4% *334 4% -8 % 10 7s4 Oct 10 % M ar *8% 16 Do pref..................... *8% 10 7 Mar 20 1 2 34 May27 *8% 10 -8% 10 *8% 10 16% 16% 13 epublic Iron & Steel. *16 16% 16% 8% J ’ ne 2 7 % Feb 3.7 00 1134 Sep 13 24 J ’nel 7 16% 16 16% 16% 16% 16% 16% 69% 69% 4 l I ) o pref..................... 69 % 69% 68% 69 69 69% 1.700 55% Jan 21 82 Apr 1 49 Aug 70% Feb 69 69% 68% 68% *17% 18% Rubber Goods M fg.......... 1734 17% 1734 18 x 17% 18 *18 19 2,110 18 D e c26 38% May 2 *17% 18% *69 69 72 69 Do pref.................... 69 972 65 Deo 13 90 May 2 *68 69 69 69 69% 69 69 *30 *29 19% Feb 5 41% Apr 2 17% Oct 26 Nov 32 *30 *29% 30 31 *29% 30 31 32 *30 *81 83 82 83 82 100 65% Jan 22 8634 Apr 8 59 % J ’ne 71 Nov *80 83 Do pref. *81 -81 83 82 *80 *4% 5 -5 4 % Mar 10% Jan 3% Mar 6 8 % J ’ lie 18 *4 % 5 200 5% 4% 4% *4% 5 *4% 5% 63 % 63% 62% 62% 63% 63% 62% 63% 64% 5,850 4938 Mar 7 76% J ’nel8 49 Oct 104 Feb 63 61% 62 19 Jan 18 42 Apr 20 13% J’ne 2 1 34 Dec *32% 37 *32% 37 *32% 37 *32% 37 *32% 37 ........ 14 12 A pr 12 19% J ’nelT 10 J’ne 25 Feb *13 *13 nion Bag & Paper. 14 14 14 *13 *13 14 *13 *72% 74 73 *72% 74 800 65 A p r il 7534 Dec 4 56% May 7734 Feb 74 Do pref................ *72% 73% *72% 73 *72% 74 103 106 $103 105 $102% 105 $105 106% 1067g 107 107 LOS 1,127 $0 3 J an 2 6 100 A p r19 $45 Mar $59% Deo 734 J ’ne 19 Jau 734 May 9 16% May 2 11% 11% 11% 11% 4,620 11% 11% 11% 11% 11% 11% 11% 11% 80% 80% 8034 8034 8034 80% 80% 80% Do pref............. 80% 80% 2,325 69% May 9 83»4 Aug28 65 J ’ne 79% Nov 80% 80 ited States Rubbc 14 14 15 % 1434 15 14 14 14% 14% 2,705 12% Oct 4 34 Jan 2 21 J’ly 44 J an 15 *14% 15 52 -51 Do pref............. 50 51 52 50% 50% 50% 50% 51% *51 640 47 Oct 4 85 Jan 2 74 % Dec 10434 Jau 51 42 78 43% 42% 42% 43% 43% States Steel. 423g 43% 62,615 24 Mav 9 55 A p r30 43% 43% 42% 42% 93 3S 93% 9334 93 % 92% 92% Do pref............. 9234 93% 93 63,632 69 Mav 9 101 % Apr30 92% 93% 93 60 60 60 60 61% 61 700 51 J ’ly 12 72 Mar 30 60 61% *60 *60 Do pref *........ 123 ........ 122% 122 116 Apr 26 125 AugoO .......122% ........ 123 •190 195 V I7 ells “Fargo A Co. 100 $130 Jan 11 199% Dec 30 120 J ’ no 140 Dec 194%194% *190 195 *190 195 190 195 *196 195 est’ Union Tole’ gph 91% 91% 91 91 91% 91% 91% Y\ est’n 2,620 81 J an 21 100% May 6 77 % J’ne 8 8 % Jan 91 91% *91 90% 91% 17534 I75a4 G 73% 176 ^ st’ gh’seEl & Mfg asseu 174% 175% 174% 175% 175 % 178 *174 175 8,685 145 Nov 2 61LS0 Dec 26 180 180 Do 1st pref................ 173 180 100 157 Nov27'187 Dec 2 7 174 180 *174 186 -173 180 *173 180 "li ........ |*........ 14 64 *11 14 V C I N P U BANKS AND TRUST COMPANIES—BRO KERS’ QUOTATIONS Trust C o’s B i d A s k I Trust C o’ s B i d A sk II Trust Co’s C’ IR’tyB&Tr 560 MortonTrust 1125 1200 j BROOKLYN I Bid A s k Brooklyn!) .. 120 130 Central T r’st 1907% t N Y LifeATr 1275 Brooklyn Tr 4 City T ru st... 400 NTY Sec A Tr 1375 8 tli Ward!) .. 86 1200 Flat bu sh ___11 C olonial....... 875 North Amer. 1260 110 5th Avenue! i 0 0 140 Franklin__ t lout mental . 500 Real Est T r’t 166 First............. 300 140 io o Farm Lot&Tr SfandavdTr’t 465 Hamilton_ _ Kings Co!i... 130 1450 1550 105 K ings C o — Fifth A ve Tr 650 Tr Co of Am. 1270 Manufactrs’ . 300 Guaranty Tv 750 775 II nion Trust 1890 1410 L 1st l A- Tv. M echanics!). 217% M a u n t a c t ‘vs. Knick ’rli’k ’r 725 U S MtgA Tv 140 Merchants’ .. 100 Trust Cos. N a s s a u _____ V nit States. 1675 Manhattan .. 55 1> N assau........ 350 BROOKLYN N . Y. CITY People’s ____ Mercantile .. 1060 W ashing ton. 425 Nat City...... 290 W ilu u m sb 'g Bedford!) . . . . M erchants’ .. 876 400 North Sido!). 180 Atlantic T r.. 275 290 Broad way!).. 250 Metropotitau 525 People’s!)___ 206 Bowl’gGreen 1205 210 * Ex rights. lj Banks marked with a paragraph c >are si.uo aauk* - Bid and asked prices; no sales were made on this day. Less than 100 shares. 1 Sale at Stock Exchange or at auction this week. s Trust Co. certificates. B an tu NEW YORK B id CITY United Nat’ l. Varick !)...... 225 Washingt’ nTl 200 Wash. H ’ htall 200 West Side!).. 600 W estern....... 620 Y orkville!).. 240 Banks BROOKLYN B id A sk B anks BROOKLYN 17tli Ward!!. Sprague 26th Ward!). Union!)........ Wallah out!) . B id A stc .N e w Y ork S to c k . E x c h a n g e T3 BONDS N. Y. STOCK EXCHANGE 81 Whlkk Ending jan. 01 U. S, Government u s 2s consul registered. cZ1930 0 . 1 V s 2s consol coupon__<11930 Q-J u s 2s consol reg small.. <11930 u- J V s 2s consol coup small.<11930 Q-J V s 3s registered........../cl 9 18 Q-E V S 3s coupon................A :IDIS Q-F V s 3s reg small bonds../cl9 18 Q-F V s 3s cou small bonds../cl9IS Q-F TJ s 4s registered...........7&1907 Q-J V s 4s coupon................7il907 Q-J V s 4s registered............. 1925 Q-F u s 4s coupon..................1925 Q- F V 8 5s registered............. 1904 Q-F V s 5s coupon..................1904 Q-F Foreign Government Franklort-on-Main 3%8 ser 1.. M-S 5 071 U S of Mexico s f g 5s of 1899 Q-J State Securities J-J Alabama class A 4 to 5__1906 J-J Class B 5s...................... 1906 J-J Class C 4s......................1906 J-J Currency funding 4s__1920 F-A List of Columbia 3'65s__1924 Louisiana new consol 4s.. 1914 J-J Small................................. J-J Missouri tunding__1894*1995 J-J North Carolina consol 4s. 1910 A-0 6s..................................1919 J-J So Carolina 4%s 20-40.....1933 J-J Tenn new settlement 3s.. 1913 J-J Small.................................... J-J Virginia fund debt 2-3s...l991 Registered........................... 6s deferred certfs................. J-J Railroad A labama Cent SoFlaBy VY laba Midi Sav Albany Susa Del Hud Allegheny Valley Penn BB Alleg West Butt R&P Am Dock Irn g 4s....... Cent7*1995 of N J Q-J Ann Arbor 1st A-O Atch T & S Fe gen g 4s... 1995 A-O Begistered.....................1995 Nov Adjustment g 4s.........7*1995 Nov Begistered.............. /tl 995 Stamped................ 7<1995 Nov M-S Chic St Louis 1st 6s..1915 J-D Atl Knox Nor 1st g5s.. 1946 Atlanta Danv South By Atlanta Yadk South By Austin N W Sou Pacific B at Creek S Mich Cent J-J alt & Ohio prior lg3%s. 1925 Q-J Begistered..................7*1925 Gold 4s........................7*1948 A-O Q-J Begistered...............7*1948 M-S Cony deb 4s.................. 1911 P Begistered...............pl925 Jun&MDiv 1st g 3%sl925 M-N Q-F J-J Southw Div 1st g 3%s..„1925 Q-J Begistered...............7*1925 F-A Monon Biy 1st gu g os..1919 M-S Cen Ohio B 1st cg4%s..l930 Beech Creek NIllinois Y C Cent Bellev Car Bklyn Montauk Long I Bruns West Sav FI & W Buffalo KY& Erieg 5s...1937 Erie M-S Buffalo B P gen J-J Debenture 6s................ 1947 A-O All West 1st g 4s gu..l998 J-J Cl MahPitts 1st ist gu ggos....1943 F-A Boch 6s...1921 J-D ConsolSouthwest 1st g 6s...........1922 Buffalo Erie A-O Buffalo Susqu 1st g 5s..1913 A-O Begistered.................... 1913 J-J 1stCedar refunding g 4s......*71951 J-D Bur B No 1st 58.1906 A-O Con 1st col trust g 5s.. 1934 A-O Begistered..................1934 A-O CR1F&NW 1st gu os. 1921 J-D St South L 1st gu g5s......1908 7s__1927 J-J CM tanada 1st '2dBegistered..................191;: 5s............................19L M-S M-S Carb Shawn 111 Cent Carolina Cent Seab Boan Carthage Ad NYC &H CedB la F N BCR&N J-D Cen Branch UByPlstg4s...l948 Cen Branch Mo Pac Central Olno Baltig os 193 Ohio M-N Cen BK B of Ga col F-A Cent of Ga BB 1st g 5s..pl94o F-A Begistered.................pi 945 M-N Consol gold 5s.............. 1945 M-N B egls t ered................. 19 4 Oct 1stpref income g 5s__pi 94r oct 2d pret income g 5s__p!94d Oct 3d pref income g 5s__pi945 ChaU Div p*r mon gg 4s. 1951 JJ--DJ Mac Nor Div 1st os.l94» Mid Ga<fc Atl1stDiv os__1947 J-J J-J Mobile Div g os......1946 M-N Cent of N J 1st consol 7s.. 1902 General gold os.............J987 JQ-J -J Registered...............7*1987 - B o n d R e c o r d , F r id a y , W e e k ly o c c u p y in g i «oijic a n d Y e a r ly pag ic* BONDS N. Y. STOCK EXCHANGE / 4-3 Wjckk Ending jan. 31 ! Central uI1N J1nip gn 5.s. 192 1 J J 111 110 11) 114 JJ2 116% Am Dock .S’1 nrkl. 1no 1. .1 .1 10831a 108A 108%Jan 08 C 103 %NOV’OJ J102 03% 107 ’02 105% 109% Bell 108% 1087h \\ lilts B ('oal 5h. 19 12 MN • 10->% C om c*\ t guar 4 %rt....//1 9 10 QM 103 &al< 102% 103% ••••• ...... 107 %Oct ’01 .... \ ^ , v Long Br gen g 1 i 19 *1 M S ............ ...... ........ .... 105%105% .... 107% 111% Cent Pacific LOS M 10S:*i Bo Pacific1936 Cn J-J ................. ....... ........ loo >9 Sale 109% 109 % 9 108% 112 (Jharlee a . Sa v 1st g 7s % . . .......... ..... %Jan ’ 0 2 ....[ i J3 J17 .... L14 LI6 J1J:16% Clie.M Ohio g 6a Her A../t 191 19o;s1 A-O Dec‘O J 7: JJ5 J19 116%....... A-O 108 109 109 H i Dec’01 106% 1 12 Gold 6s........................a 121 121 1 * 120% 122 J120% 19 J1222J l112 1l7e112% 112 112 M-N 1 l 1 % 1 14 >0 1st consol g 5s..............1939 121 J’m <)J M-N 112 Sale Registered.................1939 1 12 115% 111% u 107% L07 %....37; 103 i 0 7 %Sale 104 103 108% 139 133% 139 Dec Jan ’02 137 %139 % General gold 4%s..........1992 M-S ...... ...... 103 Apr’01 .... M-S ’01 140 14:0% 136 139v Begistered.................1992 139% 103 Jan Nov'OO 106 ....... Mav’01 .... .... 110 111 % Craig Valley lslg 5s---1940 JJ-JJ 104 106 107 110 ...... ...... .... 106 104 ’02 103 107 % 107%Dec’01 107% 108% 107% 113% H2d Aconsol Div 1st con g 4s.. 1989 1 0 1%Dec ’ol 100 99 103 J-JS "97 g 4s.............1989 M lol % pr 99 5 JOO 102% LOO 94% 95 80 91 % 93 101% 101% 101%....... It S trn 5s 1902 M-S 95 M-N ib*3%....... 103%j an ’02 .... Greenbrier Rys fund lstgu6s.. g 4s’40 02% i 94 05% M-N 96 96 5 96$5 97% Chic Alt BB 1903 88 Sale 87 % 88 ...17,0 86 Refunding g 3s.............1949 AO V-O 84%Sale 84 84% 531 83% 87% J-J 107 Oct,107’00 24 108 109% ....... 108% 109L 1st lien 3 %s... ] 950 J-J 104%....... 104% 61 106%109 % 103^ Dec’Ol J-J 105’00%15 102 103% no 1 1no .... Ajj-g’O J 104% Apr F-A 109 Jan’02 104 102 % OctT’Ol F-A 102%....... 402% 104 102% 125" ” !!! 126 ---ill‘ 25 126 Denver Div 4s..............1922 11 102% 102% 101% 104 % 106% 106% 211106% DKi J-J n'Rnnix Div 3%s 106 ........ _1949 w ^ u 109% E’eb’99 J-J 115%....... 115%Aug’01 114 415% AO fowa Div sink fund 5s 1919 104% Dec’01 ....9 110 103%113 107 105%....... A-O 111% 104% ....3 105 106% Sinking fund 4s..........1919 M-N 104%Sale 104% Sale 111% 111% 136% J’ly’Ol 135 136% Nebraska Extension 4s. 1927 120 Mar’00 M-N 100%.. 109 %J’ne’01 Aug’OJ 1109% 112% Registered 1927 M-S 95 .Tan ’09, 95 g» 99*% , 100% 0 0 %1 0 0 % 96 97% ’01 35 94% 96 Joint bonds Great North M-N 109% 109% 109%Jan’02 .... 1108 112% 95 ....... 99% Oct99% *99% ....... 95 5s................1913 9834 Debenture 122%....... 122 Jan ’02 120 123% S 112%....... Han St.,Tos consol 6s6s 11907 911 Mlll%Dec’01 111% 117 J-D E r 11 1 st s f cur *6 ...... 7%Jan ’02 7% 10% Chic 138%Dec’01 -----A-O 138% 135 140 1st consol g 6s.............. 1934 123% 56 115 127 M-N 123%Sale 123% General consol 1st 5s__1937 115 Aug’00 M-N Registered 1937 Chic Ind C By 1stErie 5s. 1936 J-J 121 ....... 122%Dec’Ol .... 112%125 Chicago Erie 15 115 128 126% J-J 126% 128 126% Chic In & Louisv ref 6s... 1947 J-J ----114% 114 114 Refunding gold5s.........1947 106%110% 2 113% Sale 1.13% 113% 113 147 J-J Louisv N A & Chi st 6s. 1910 1 5 97% 183 183 97 99 98 J-J 180 194 95 101 Chic Mil St Paul con 7s 1905 ....51| 411%115% 103% 174 112%___ 112 Jan’02 103% Sale 103% J-J 114% gold os..........1914 101%105% Terminal 103 Jan’02 .... 114 114% Sale J110 444% J-J 101%104 General g 4s series A..el989 92%Jan94%137 105% Feb’98 Registered el 989 86% 99 94%Sale 94% Q-J ’02 79 92 95 General g*3V>sseries R el 989 J-J 104% 70! 116%121 J-J 118%....... 104% 92% 118% Nov’01 94% 94% bale 90 97 Chic<fe L Su Div g5s. ... 1921 118 ....... 1.21 Jan’02 122 118 122% Chic Pac AToRiv Div 5-S 1926 J-J J-J 116% Jan’02 116 119 108 ....... 108%Dec’01 108 109 Chic 115% 116% Chic Div 6s.........1910 2 116 %122 119% Sale 119% 119% J-J & P W 1st g 5s......1921 111% 116% 114%. 112% Jan’’99 02 J-J Dak Gt Soassn g os..........1916 133%___ 137%J’ly Far Son g fis 1 994 J-J 123% Oct ’04 __ 109% 420%110% 126% D Div 1st 7s......1910 J-J 121%123% J-J 108 95%Dec’Ol 96 94 95 ....... 108% Janf02 9578 Sale 97 94% 97 97%' IHast 1stD5s..........................1910 182% Jan’02 185 188 ExtenD1st1st7s5s__1919 1908 J-J 104* Sale 103% 104% 446 117% 119 J-J 117%....... 117% Oct ;oi 99 105 LaCrosse 102 110% Nov’01 Jan’02 Mineral Point,Div5s 1910 J-J 108 110% 108%...... 100%104 So 104% 106 i9i J-J 115%___ 115% 115% 5 1147s 119 % 100%110 Minn Div 1st 6s.......1910 105% 106 __ 113 117% J-J 90 91 90%Jan’02 •••• 87% 91% Wis 114% Jan’02 Southwest Div 1st 6s__1909 114%. 115% ATinn Div g 5s 1924 J-J 116%120 118% ....... 115 116%Jan’02 J-D 115 165 4 115 116 122 119% Mil No 1st M L 6s*’ . ~1910 90%Sale 90% 88% 92% 90% J-D 118% Sep ’01 90% J’ne’01 119%...... 1418% 90% 91 1st consol 6s....... 1913 111 Nov’01 May’OO 112 112 Chicago Northwestern 112 Q-F 140%141 103% 140%Jan 1400o 10 139% ■»108 42% Consolidated 7s 194 5 J-D 102% ’02 Gold 7s..........................1902 103% 104 J-D '•103%....... 102 Dec’ui Dec’Ol 108k 102 112 108 Begistered.................1902 F-A 108%....... 109 Extension 4s....... 1886-1926 F-A "108%....... Mar’O O__ 109%111 Begistered. 4886-41987 926 M-N 107%110 107 111 Oct ’01 General gold 3%s.......... Q-F 118%....... 118%Jan *02 115 118% Sinking Begistered ...6s . 1879-1929 pi 987 A-O 103 Jan’02 Nov’98 113%116% 115 fund i ’1 5 iio 102 ....... 103 Apr’97 Begistered__ 44879-1929 879-4 9 9 9 A-O 111 Oct109’00 1 106% 110% A-O Sinking fund os. i‘ 0 9 Sale 109 A-O 127 Oct ’01 127 13i 107% 107% Begi stered.........1879-1929 107%May’01 128%....... M-N Debenture 5s................1909 108% 109% 108% 1 0 8 % 1 1 0 s ^1 1 0 % 127%129% 127%Dec’Ol 127%130 Begistered................ 1909 M-N 108 Oct ’01 114% 108 117% 108% 100 Nov’99 A-O Debenture 5s............___1921 115 115 Jan’02 A-O *114% Registered. _. 5s......1933 4924 M-N 114 Oct121% ’01 14 121% 114 125% 114 101 Nov’01 99 101 121%....... 101 101 Sinking fund deb 121% 1047«....... 105 105 8 103% 108% Begistered.................1933 M-N 123 ~May’01 122 123 F-A 12 4 %124%i117 124 %Jan ’02 Des Mo Minn 1st 7s. 1907 119% 127% M-S 109% .. 113 Jan’01 113 113 Nov’OO Milw Illinois Madison1st1st5s... 6s 1905 M-S I ll ...... 110%Aug’04 Oct ’01 110% North 1910 117%....... 118 118 25 110%111% HI M-S 110% Ott C F St Paul 1st 5s 2 909 110%. 106’02 15 105%109 Winona St Pet 2d 7s 1907 M-N 106 Sale 1106 120% 120%Nov’OO 435%141% M-N 136%....... 137%Jan’02 10% Jan 109% 110 107 111 Mil LS<fe West 1st g 6s 1921 F-A 414334 23%127% 107 Aug’01 106%107 Ext Imp sfund g 5s 1929 M-S 141%....... 128% . 143% 128 Jan’02 __ Ashland Div 1st gl3s..l925 Apr’01 14334 J-J Mich Divr 1st g 6s.......1924 140 141 139% Jan ’02 138% 143 %113 107 % 107%....... 107%Feb’01 107 Convertible deb 5s__490/ MF-A -N 110%....... 113 Apr’01 Incomes....................1911 113 132% 92 ....... 91%Jan ’02 Bock Isl Pac 6s... 1917 J-J 91 95 ChicBegistered.................1917 128 129% 128% 128% 1 127% J-J 126 132% 126 Dec’04 J-J 105%110 General gold 4s.............1988 108% 111 4033 ilO % Sale J-J Begistered.................1988 107% Sale 106% 121% 107% 80 96 122 103% Des 109 109 26 105G 107% 59 119 J-J M Ft D 1st 4s__1905 121 121%120 99% Feb’01 99% 99% J-J ................ 1st 2%s.......................1905 86% Aug’O O J-J Extension 4s.............1905 111% 111 %Sale 110% 349 i|105% 97 Dec’00 97%105% 108% Keok A-O 141 105% Sen ’01 Des M 1st 5s__1923 110% HO1-- 1 1 1 0 %i 12 % Chic St L See Atcli T saFe 79% Sale 80 60 84% 120 79% Chic St L NPitts O See111 CentCo 35%Salt Sale 35% 36 1«(i 1 208 36% Chic St L Penn 2L 20% 21 21%240 J-D 140%....... 140 140% 5 134% 142 St PP MMinncon 6s... 1930 91% Sale 95 91%Dec’99 92% 15 91% 92 Chic M-N 140% Ch St 1st g 6s 1918 140 Jan’02 4440 34 140% J-J Nor Wisconsin 1st 6s... 1930 ....... 102 J’ne’99 140 NIar’01 140 A-O St P S City 1st g 6s. ..1919 108%....... Jan ’02 105% 105% 106 129 ....... 4 29% Jan ’02 427 132 Chicago Ter Trans g 4s.. .1947 J-J 103% Jan ’02 103%....... 102% 108 89 Sale 88% 89% 87 98 34 Chic est Ind gen g 6s 932 Q-M 137 Sale 135% 137 127 137% 479 119% Nov’04 117%....... 117 119% 135% 136 11 127 137 Chic West Mich By os.. 1921 J -D 100 Oct ’99 MISCELLANEOUS BONDS—Continued on Next Page. street Railway JStrect Railway Brooklyn Bap Tr g 5s......4 9451 Met St R9thAv 1st gu g 5s.l993 A O 107 108% 108% 108% 103% 110% 2 Atl Av b k ly n imp g 5s..1934 J-J Col& 11 0 Jan ’99 121%123% 126 122 Dec’Ol 124 ....... Bk City 1stScon 5s.gu1916, 1941| J-J Lex Av P F lstgu g 5s 1993 i l l ” ii5 “ ii*‘ i %!!!!!' J12% Jan’02 122 ....... 1120 Jail ’02 123‘ Bk Q Co con g os.4 94 I M Third Ave BB conggn5s.. 4s 1937 2000 [100 105% 103 Sale 103 103 101 Sale Sale 123 1314' loo 126 105 99% 4401 Bklyn Cn El 1stg 4-68.1950 Third Ave By 1st F -A I 98 103 4 02 % Sale 263 102 102% 31 124% 24 % 123 K in g s C o El 1st g 4 s J9954j9I1F A 92 Sale 91% 92 196 88 95 Met WS El (Chic) 1stg4s. 1938 03 103 1 98 103% 103 Salt 1106 Nassau Elec go g is__] J-J: Mil El By L 30-yr g 5s.1926 6a Ry lr - g . 9 2 2 ' J-D! Miun StCity By 4Cab st con gg5s.. 1919 io iio 109%....... 110 Apr’04 i111 (.'on 11 Ry A E Js»A re f g 4 ! 5 Jj J -J St Paul con 5s. 1937 ibo%ioi’* 00% Nov’01* %114 % 1 12% ........ 114 %Nov’Ol Den 7 r Co 1st g 5h... 1933' A O1 Guaranteed gold1st5s.......1937 95 J’ne’OO Co con gfjH..J9J0j Union El (Chic) g 5s..1945 ‘T21%122% 109 %Dec’99 MetCiRy Co 1st gu gg6 s.. 1911 W Chic St40-yr 1st our 5s.1928 Der, r St. Ry J * co/i J905j 103 Nov’04 — 101% 103 40-year consol gold 5s... 1936 99 Dec’97 .... “*•••• O r R a p id R y 1 nf g ;, gJ9J oj J lij ................ By Co J H i oon r 5 -1 l 930 Gas and Electric Light 109 Mar’98 Market St C Rycol1sttrgg65h.. 1913 ;■ *;....... Atlanta G LtrCoellslstg 5m5». ... 11947 J-J J-D MBway Ht Ry J 997 FA 3; 117% 122% Bos U Gas s t g 939 1 2 2 %....... 122 122 ’98 12 115%119% 94%Oct147% 7Ui A v 1st Cg oh J943 J D 118%.Sale 118% 118% 7 j118 122% Bklyn U Gas 1st con g 5s. J945 MJ-JX i 17 Sale 117 T h ese a re y r ic e l* r ic e F r id a y Jan. 31 H id W e e k 's R ange or L a s t S a le A sk L ow 6a 6a 6a 10 0 1 i\ 0 L ow "(C o n tin u a l) H ig h H id M W e e k 's R an ge, o r L u s t S a te Auk L ow 114 H ig h R ange yea r JU O l N o L ow H ig h \ \ mm0 m0m 6a m* 9 •mm S ee 6a j 6a a or th e b a s is o f fo u r m a r k s to 0 n e d o l i a r . 6a T h ese a r e p r ices 0 n S ee S ee S ee S ee see S ee H ig h J 'r i c e ! 1 id a y J a n . 31 R ange Y ea r t h e b as'is of to a . lia ilw a y 1 S ee Sr- S' 6a & & 6a S ee 6a 66 6a 6a 6a 6a 6a S ee S ee 6a 6a 6a sB 6c S ee S ee S ee S ee 6a & 6a 6a 6a Sr. 6a Sr 66 H S ee S ee S ee 6a 6a 6a 6a 6a 6a S ee 6a 6a 6a 6a 6a 6a 6a 6a S ee S ee S ee S ee & 6a 6a 6a 6a S ee S ee 6a 6a 6a 6a 6a 6a 6a 6a S ee 6a 0 6a 6a 6a 6a W gl 6a y — (C o n tin u e d ) 6a .... Sa 60 C ity H B a J i, , ] j C on D e n T r a m .... J -J I J -J J -J h •••••• h Js /v i h J -J et ge/i * .. ... . 6a price th is week, a D u e Jan u D ue A p r e D u e May p D u e J ’ne /* Duo JTy /<j D ue A u g p D ue N ov gDue D ec ... ^Option sale Bond Record—Continued—Page 2 25 BONDS* N. Y. STOCK EXCHANGE 1£«c-2 _ 1 [VOL. LXXIV. 51 itd C ixu c A sk L ow H ig h No 1 R ange ea r 2901 L ow nding H ig h an H id S ee A P rice F r id a g J a n HI R anga or L a st s a le B onds S o ld J an 1f j ©dl R ange Y ea r 1901 !i Wfc;ttK E n d i n g XVeetc’ s R ange or L a st S a le In V st P e r io d . HONI)S II <- A’ N. Y. STOCK EXCHANGE . WkHK E J . 31 IJargo Ae Pore So M Oh M tfe St P .......i llo l lo Jan’02 Ok G gcu g 5$ ...01919 J j I I lint < f Per6 Mar HiOct'00 Deo’01 111 Hi111 Hi Fla1stCeu Oin2 d 11g oAld D-4 coQbol 6 1 ... 1905 A-O 112 ....... 111 100 Sep 00 tfe gr Penext1stgold g 5s... 1.918 J-J .......-....... L13 .......................... 1 9 37 J •J j ............... land os.. 1930 J-J Consol gold 5s..............1943 Oin U Jb l lat gu g 5 h 1941 M N 114 Hi....... 114HiJan ’02 .... 112 Hi115 ....... 106 J J O 1 titb dbLO 0 C OOOC80t L St 1. 105 Mar’98 PFtortW8ttfeUDen D Co 1stgg6s... 4 Has..1921 1941 JJ .D) ................| 394 76*2 11 1 107 *2 Sale 106 Cin C 1st 107*2 ClearHeld Jf e Mali is it & P * 88 ....... 88*4 88*2 Ft W tfe Rio Gr 1st g 3-48.1928 J-J 67 92 Cleveland Cm Chic St Louis / *al liar tfe 8 A So Pac Co ‘l04Hi 106 106*4 103 Hi 111 101 VLitfeI 1Atl i a Ry Hoi1st1882 1st5s.6s.©1945 1913 A-O GeneralDlvg let 4«................. 1993 j 10314 Sale 103*8 105*4 106*4O 3 101 105 102 102 98 Nov’O 99 99 Cairo gold 4s__19391 109Hi....... Ga con J-J H iJan Dec’Ul .*•.. .......102 Ga Car tfePacilio No 1st gu gSo5s.Ry.1929 J-J 109Hi....... 109*2 109*2 1 109 i'6 9 ’ OinLWDiv 1st MDiv 1st g4s 10011M J 103 98*4 104*2 H,....... 104 103 H ’02 • • b 102 105*8 Georgia St col tr g 4s.. 1990 99 J’ue’Ol May’99 Gila VtfeGOswegat tfe Nor Bo PacCent Co Registered................. 1990 M 100 100 100 Gouv N Y Spr db Col Div 1st g 4s. -1940 M Vai Dlv 1stg IS... 1940 M .......101% 83 Nuv’99 Grand Rap tfe Ind 8tPenn Co CW1st IW8tgold L tfe4s............... C consol ds. .1920 Gray's Pt Term L 8 W J-J 96 Sale 9634 96 325 95 101 3 104 106 Gt Nor—OBtfeQcoll tr 4s 1921 105 106 106 106 930 O Registered............/cl930 Greenbrier Ry CClies tfeQO Q ....... 116 H an <fe St Jo 115*2 Oct ’01 • • • • 113®s 115*2 Cin 8 Cl eon 1st g 5s.. 1928 B tfe J 128 131 134l»Jan‘02 130 138 OConsol OC 1sink consol 7s.......1914 ousatonio N gY4N%bH.1999 tfe H J-J 108 *2 Sale 108 108*2 20 103 *2 110 j fund 7s__1914 Hock Val 1st consol J rai^TTTrr. 135 *2 Dec ’U1— i'3 3 " 138*2 Col General consol gold Os. 1934 Jj Registered...................1999 J-J 105 106 104 Oct’01 104 106% Registered...............1934 A 11 V let ext g 4s.. 1948 AO 104Hi Nov’01 — 104*2104 Hi 11 Ind B1 tfeWWlstpf 1st pref 4s. 1940 A 11oust A WGen Tex So8o Pac Olnddfc 5s...dl938 oust < f e Tex Pac Co J-J 11434 ....... 115 Jan *02 — 115*2115*2 Q 4 100 *4 ....... 1 0 0 300*4 Peo <ft East 1st con 4s... 1940 95 100*2 A I llinols Central 1st g4s.. 1951 7 8 34 Sale 81 113 ....... .1_.T 103 Income 4s...................1990 78 :,.i Nov’Ul 79*2 115 45*2 115 79*2 1 1stRegistered................1951 11HHaM ur'OO 104 107 Hi Apr 11 6 Hi....... 115 ....... 106 Dec’01 Cl Lor < f e Wh oon 1st g 5s. 1933 gold 3 H as................1951 J-J Clev «fe Mahon MariettaVal g 5s... Penn1938 RU 102 HiApr’98 — Registered................1951 J-J 8 129*2 130*2 125 Hi....... Clev 127 H a 127Hi 1st gold 3s sterling...... 1951 MS Registered................. 1938 Registered................1951 M - S 1 0 6 34 ....... i 0634 Jan’02 104 106 Olev dfc Pitts Penn Co Coll Trust gold 4s........1952 A-O 1 2 2 78 84 84 Hi 84 ....... 102 *]106 0534 Sale Oct’01 Col1stMidland 1st g 3-4S....1947 84*4 87*2 102 102 AO Registered................1952 84 Sale 92 * 6 102 83 7g 84 gold 4s....................1947 106 106 77 87*2 106 LN O tfe Tex gold 4s....1953 M -N 162 93 14 Sale 92 H i 03*4 Colorado tfe Sou 1st g 4s... 1929 98 Jan’00 83 90Hi Registered................1953 t. n 1 1 2 Coltun <fe Green v Hock So RyVal Cairo Bridge gold 4s__1950 100 1 0 0 n8 101 *s Jan’02 — 100*2 103 Col tfe Hock Val Louisville Div gold 3 % s .1953 J-J Col Conn tfe Term N tfe W Registered................1953 JJ ■V1 *» 194 123 May’99 Conn tfe Pits Rivs 1stCM&StP g 4s. 1943 A O Midland Div reg 5s......1921 F-A D ak tfe Gt 8o 90 91 St Louis Div gold 3s__1951 J-J ................ 90*4 Apr’01 alias tfe Waco M K & T Registered................1951 J J 1 11734 123*2 20% 121 DelMorris Lacktfe«fcEssex Western 7s... 1907 120*8 120*8 Gold 3Has...................1951 J-J M-S 1136*8....... 1 0 0*2 10134 101 *4 Aug’01 — 101*4 1 0 2 % j . j 6 136Hi 140 1st 7s... 1914 101 *8 Oct ’99 136*8 130*8 Registered.............1951 M-N 100 Nov’O O 112 *2 115 Hi 1stRegistered.............1915 consol guar 7s......1915 J-D 137%138 H i 1373 h 137*8 2 13634 140*2 Spring Div 1st g 8%s. ..1051 J-J 140 Oct ’98 115 *>....... .......138% 11434 Jan ’02 F-A Western Lines 1st g 4s.. 1951 J-D .... 133*2 137 134 Hi135 133*2 Jan’02 NY Lack tfe W 5s........ 1st 6s...1921 Registered................1951 F-A J-J 118*8....... .... Construction 1923 119%J’ly ’01 124 May’01 124 124 Bellev <fe Car 1st 6s.....1923 118H>119*2 F-A J-D 10434 Dec’01 .... 90 Nov’98 Term <fe improve 4s__1923 M-N 104*4 10434 Carb tfe Shaw 1st g 4s... 1932 M-S Syr Bing1sttferef N Ygu1st 7s.. 1906 A O i i 6 %....... 116 Dec ’01 — 116 1177s Chic Dec’Ol 129 ....... 130 126781‘ 130 J-D St L tfe N O g 58. ..1951 Warren g 3 %s. 2000 123 -4 124 Sep’01 Registered................J 951 F-A J -D — DelRegistered................. tfe Hud 1st Pa Dlv 7s. 1917 1917 M-S 147 Ha....... 147 *2 Dec’Ol 101 *4 Oct ’01 98*2 100*2 145*2147 H i Gold 3 Has....................1951 J-D 101*4 101*4 .... 149 An g’01 149 150 Registered.............. 1951 J-DD AlbRegistered.................1906 tfe Sus 1st con gu 7s. 1906 M-S 11534 ....... 122 114*2 Dec’01 106 Oct’01 106 107*4 A-O M emph Div 1st g 4fi. -. 1951 U14H2117 J J’ne’99 J-D A-O Registered...............1951 __ Guar gold 6s.............. 1906 A-O 11078Nov’Ol Dec’Ol .... 109*2 11138....... St B1 L Sou 1st gu gC4s__1931 M-S 103 104*2 104*2 Jan’02 — 105 105 1 1 0 *8 1 1 1 *2 ....... .. Registered...............1906 109*2 112*2 Ind tfe West C C tfe St L A-O .... 150*4....... 152 Bens tfe Saratoga 1st 7s. 1921 1921 M-N Oct ’01 151 15034 153 *> Ind1stDec 105*2....... 109 Nov’Ol 105 109 <fegold W 1st5s............ g 5s......1935 J-J Registered................. 151 Jan’01 guar •••••••••••• 193 M-N J J 151 52 98%1 0 0 ** Del Rivtfe RR Bridge Pa1936 RR 100 166 Ind 111 tfe la 1st g 4s.......1950 J-J Denv R Gr 1st con g 4s. 102*8 Sale 123 128 J-J 1 0 1 7a 102*2 96 100 104H Int tfe Great Nor 1st g 6s.. 1919 M-N 124*8 124*2 124*2 124*2 100*2 ioi 78 29 96 103 Consol gold 4%a...........1936 110*4 112 111*4 Jan’02 ••-- 108 114*8 101*4 1021, M-S 2d gold 5e..................... 1909 J-J 65 119 80 Improvement goldRio 5s...Gr1928 78*2 Jan’02 79*2 10 115*4 79 *2 117*2 Sale 117*2 J-D 1 1 0 %1 1 1 %1 1 0*2 110*2 3 107 113*2 Iowa 3d gold 4s..................... 1921 M-S Rio Gr So gu So J-D 117 Central 1st gold 5s.. 1938 94 94 95 Jan’02 Den tfe S West gen s f 0g R5stfe1929 Refunding g4s.............1951 J-D 93 Sale 8934 93 11 89*2 96 Jefferson M-S Des Moi tfe Ft D I P RR Erie Des Moi M <feUn Minn Ch tfe N W M-N 107 110 111 Feb’01 .... K al A <fe G R L S<fe<feOMCS Des Ry 1st g 5s..1917 an tfe Mich Tol 10834 111 Det <fe MMack tfe Tol 1st lien L Sg<fe4s.M1995 So J-D 98 ....... 102 J’ly’01 1 0 2 1 0 2 K CFt S tfe M St L tfeS F Det A-O K C<feCM<feRPacific tfe B1st gu gM5s.K1929 Gobi 4-s QQ5 J-D 91 ....... 92*2 Jan ’02 515 85 93 Kan tfe T Det MSou tfeMletidgr S^s e’er A 1911 A-O 32 ....... 34 35 39 85 71*2 7l34 71*2 7134 | 6 6 % 72% City Sou 1st gold 3s.. 1950 A-O 29 8734 35*2 Kan ....75 j................ 63*4 Oct ’00 Det g 4s............1951 Registered....................1950 A-O 84*4 8 6 34 86*4 Jan’02 .... J-D 93%Sale OhioIron Sou Div 1st1st5s.. g 4s... 1941 Kansas MidCent St LI,tfetfeSNF M-S 93Hi Dec’Ol 94*4 ill 9334 95 Kentucky 115 ....... — Dultfe Range 1937 113 A-O 110*2116 Registered....................1937 Keok & DestfeMo RSoIRy tfe P A-O 2dSo6s............................1916 Knoxville Ohio J-J L — Dul Shore tfe Atl g 5s.. 1937 dio i i 2 113 Jan’02 1 1 2 116 2 0 *2 121*2 120*4 Jan’02 ake Erie5s................. cfeW 1st 5s...1941 1937 J-J 118%124 »8 J-J 1116*2117*2 E ast of Minn See St PM tfeM J-J 1 117 120 117 117 2d gold ast Jol TentfeVaEast tfe Ga So Ry M-N North Ohio 1st gugN5s..Y Cent 1945 A-O 111 114*2 113 Jan’02 110 115*2 — Elgin 1st g 5s.1941 113 Dec’Ol L She tfe Mich S 112*2113 Eliz Lex tfetfeBNoSan LehCtfe<feNOY 10934 11034 109 Jan’02 — 1 1 0 *2 1 1 0 *^ Lehigh Val (Pa) coll g 5s.1997 M-N Elm Cort M-N Registered 5s................1997 Erie 1st ext gold 4s.......... 1947 M-N 116%119% 1115*2 109*> HO 11 108*4 Jan’02 111% 109*2 110*4 Val NY1 st gu g 4Has. 1940 J-J 115 121 119*8 Leh 1 OS *i 111 10634 2d ext gold 5s................1919 122 3 ....... 1 0 8 34 Nov’Ol Registered....................1940 J-J 119 1 2 1 * 8 ....... 2 2 5 3d ext gold 4*23.............1923 119 119 111 J’ly’01 .... 119 ' Sale 114*2118*2 A-O Leh V Ter Ry 1st gu g 5s. 1941 111 118 116*8....... 109 *>Jne’01 Oct ’99 109 109 122 ....... 121 4th ext gold gold 4s.............. 5s...............1920 34 Jan ’02 .... 12334 124 A-O Registered....................1941 .... 107 5th ext 1928 109*4 Jan’02 ....... 109 J-J 109*4....... 107 108 Leh V Coal Co 1st gu g 5s. 1983 1st consol gold 7s..........1920 141 Jan’02 __ J-J 96*2....... 97 Nov’Ol Registered....................193i 143*2 __ 139 95 1 0 0 1st consol g fund 7s......1920 137 Nov’Ol 135*4 137 Leh tfe N Y 1st guar g 4s.. 1945 M-S Erie 1st con g 4s prior.. 1996 Registered....................1945 67 98 34 99*8 M-S 9878 Sale 95*2 101% .... 99 99 El Ctfe N 1st lstpf 6s. 1914 A-O 117 118Hi 1996 99 Aug’01 1stRegistered................. consol gen lien g 4s.. 1996 101*8 Sep ’99 guarR 5s..............1914 208 A-O 8 8*2 89 88*4 89 82*4 91*2 LehGold Registered................. 1996 < fe Hud Cent of N J Penn coll trErie g 4s.......... Leh tfe tfe Wilkesb Cent ofMoNPJ 1951 F-A 95 Sale 133 94H>Jan’02 95 178 92 Hz136*2 96*2 Leroy Buff N Y tfe 1st 7s.. 1916 Caney Val — J-D 132*2....... 136*2 Buff <feS W gold 6s.......1908 Long Island Dock 1st con Erieg5s.A1931 J-J 121 123 1 2 0 *>....... 121*2 Jan’02 Long SmaU......................... 1908 J-J Q-J 52 124*2 Jan’02 1st consol gold 4s.......7&1931 Chic tfe Erie 1st gold5s..1982 M-N Q-J 123*4 124*2 116 123*4 . . . . 105 108 100 105 J-D *.......105 Jeff RR 1stconsol gu g 5s__a!909 General gold4Has.............1922 4s.............1938 M-S 106 Jan’02 A-O 136 105*2....... 1 0 2 Hi....... 1 0 2 Jan’ 02 __ — 102*4105 Long Dock g 6s.. 1935 Ferry gold 105 J’ne’01 A-O ....... 137 Nov’Ol 137 140 ’00 Coal tfetfeRR 1st1stcurcurgu6s.. 6s. 1913 1922 M-N J-D 100 Sale 11 00 00 Oct 4s...l....................1932 113 ....... 118*2 Aug’01 .... 118*2121 Gold 100 2 0 97 101 Dock Imp Unified gold 4s.............1949 M-S J-J 95 95 J-D NMid Y tfeRR Green L gu 5s. 1946 111 Jan’02 -1 1 0 112 Debenture gold 5s........ 1934 M-N 109 Oct ’98 M-S of N J 1st g 6s. 1910 1 1 6 34 Jan ’02 .... 115 1185s Bklyn tfe Mont 1st g 6s.. 1911 116*4....... A-O 118 109*2110 - S 1116" N2d Y Sus tfe4%s...............1937 W 1st ref 5s. 1937 J-J 1st 5s......................... 1911 M 116 116 __1 111 119 0 S3s ....... 109*2 J’lie’01 1 gold Sale 116 116 A-O N YBtfeMB Istcon g5s 1935 F-A 94 Feb’01 94 94 M-S 112 *2 Jan’02 NNorYSh tfe BR1Bst1st g 5s......1927 General gold 5s.......... 1940 F-A 115*2....... 112*2 1 10*2 112*2 110*2 Jan’02 __ 100 11034 114*2 Jan’02 con gu 5s o 1932 Terminal 1st gold 5s... 1943 112*4 M-N Q-J 116 Jan’02 — 115*2 115*2 21 J-D Louisv tfe Nashv gen g 6s. 1930 119*2 119*2 3 11 11 12 1114*2 Regis $5,000 each... 1943 M-N 1 1 8 58 1 2 0 M-N 114 Sep’01 Wilk Ea 1st gu g 5s. 1942 Gold 5s......................... 1937 ....... 114 J-D 5 113 113 107*2112 113*4....... Erie tfe Pitts Penn Co1933 F-A Unified gold 4s.............1940 J-J 101 101*2 101*4 U)1 Ss 26 99%104*4 1 0 0 Jan’ 02 Eureka Springs 1st g 6s.. J-J Regist ered.................1940 65 Nov’97 113 Nov’Ol 110*2.114% Evansville tfe Terre Haute Coll trust gold 5s.......... 1931 M-N 113 ....... 1st consol 6s................. 1921 Coll trust 5-20 g 4s. 1903-1918 A-O J-J 1 0 0 % 1 0 0 % 1 99 1 0 2 10034 101 1 2 2 3 4 ....... 123*8 123*8 14 123 126 Branch 7s.......1907 A-O M-S 106 Deo’00 — 113 116 1st general gold 5s.......1942 110 Jan’02 . _. _ 107 111 Cecilian J-D E H tfe Nash 1st 6s... .1919 Mt vernon 1st gold 6s..1923 A-O 113*2 Dec’Ol ....... 112 1133i 115 103 *»Jan Jan ’02 *98 — iso is i *2 SullInd Co Branch 1st g 5s. 1930 A-O %s... 1931 M-N 101 ....... 114 Aug’01 .... 108 114 NL Cin J-J 11134 OtfetfeMLex 1stgold gold46s....1930 J-J 108*2....... Evtfe Istcon gug6s^.l926 129 ISO 129 MISCELLANEOUS BONDS—Continued on Next Pape. Gas ami Electric Light Gas and Electric Light Newark Cons Gas con g 5s 1948 J-D Ch G L <fe C Co P G tfe C Co 24 108%116 N Y G E L II tfe P g 5s... 1948 J-D Columbus Gas 1st g 5s__1932 113*4 Sale iis97*2 113*2 J-J 0 4 *%98% Purchase money g 4s... 1949 F-A 145! Conn Ry tfe L Street Ry 98*2 Sale 98*2 ... J1121 105 ' 121% 109% Ed El 111 1st couv g 5s.. 1910 M-S Con Gas Co P G tfe C Co 108*4....... 108*4 Jau ’02 1st consol gold os.......1995 120 ___ J-J 121 *2 Apr’01 Detroit City Gas g 5s.......1923 J-J 3 ....... 93 9% 103 92% 93 * > » > ! |102 104 H) LAP 1stcfecoil g5s.5sl9S0 F-A Det Gas Co con^KCoEL&P 1st g 5s...1918 F-A *105 ....... 105 Oct ’01 102 106 NYcfeQEl 106%Sale 106*2 107 M-S Paterson cfe P G E g 1949 Ed El IllBkn EdE111 NYGtfeELH&P Peo Gas tfegold C 1st6s...,.........1904 gu 6s.. 1904 M-N 107 J'iy ’00 j102 %11*1 102 *> 103 J -D 2d guar Eq G LN Y 1st con g 5s.. 1932 1 00*2....... 108 M-S 119 122 118% Oct ’01 118% 118% A-O 121%....... 12 1st con goldgold 6s..............1943 t Jan ’02 120 126 Eq G tfeElec FuelBerg CoPcGgtfe5s.C1949 Co J-D 85 ....... 61%Oct ’01 Refunding os........ 1947 M-S 106 Deo’98 Gastfe 61% 102*2 108 111% ChG-Ltfe Cke 1st1stgugugos 1987 J-J Gr Rap GGasL Co 1st gg 5s... 5s... 1922 1915 A-O F-A 109 109 107%Deo’00 109*4....... i 104% 110 J-D Con G Co of Cli gos. ’86 1 1081,,....... K C Mo Co 1st 108*4 108*4 102 106 105% J-J Eq GFuel cfe FGas Ch 11stst gu g os. 6s. 1905 102 HiJan’02 Jan ‘02 109 Kings Co Elmoney L tfe Pg6s.......1997 5s... 1937 A-O A-O 125 ....... i 24*2 Dec *01 103 ....... M -N Mu gu g 1947 105 Purchase tfW 123% 126*4 GtfecfePEl1st1sts rggos.. 1949 MJ-JS 109 Fob*01 109 109 EdGas El IILot BknSt Ist cong g5s.cl919 4s 1939 Q-F J-J *109 97 ... 97 Jan’02 96 97% Trenton 0 107 110 Lao L 1st Utica E L os 1950 110 109*1 109% Western Gos Co col tr g os 1933 M-N 107 HjJan 01 ;io7%uf % Mut Fuel Gas Co Peop Gas t\ P rice I 'r id a y J a n . ill A s k L ow JJig/t N o Low H ig h S ee 7s . A S ee S ee A S ea A S ee J A S ee S ee S ee S ee S ee J /cl S ee S ee S ee A A K A S ee S ee S ee S ee S ee S ee S ee O'Z S ee S ee S ee S ee S ee S ee S ee S ee S ee S ee S ee S ee ^ S ee S ee S ee S ee C S ee g S ee S ee S ee S ee g S ee S ee S ee S ee g 116 g & S ee g S ee S ee S ee — S ee g .... S ee S ee * No price Friday; latest bid and adked this week, a Due Jan d Due Apr e Due May U Due J iy k Due Aug o Due Oot y Due Deo * Opuou sale February 1, 1902.| Bond B»6C0rd—Continued— Page 3 BONOS v c P r ic e W eek 's R ange R an ge or F r id a y N. Y. STC)OK EXOHANCl E Y ear o'cl J a n . Ml L a st S a te WOZ W eek Endinm J an. 31 lt id A sk L ow Lou is v 4b Nashv —( C o n t in u e d ) H ig h S o L ow H ig h K O A M 2d gold 6 s ...... 1930 J-J L22 82 Sale 1 2 2 1 2 2 ‘y 38 1 19*2 1 2 0 Pensacola Div gold 6 s . .. 1930 MS 1 1 2 ........ 115 Dec’00 .... St L Div 1st gold 6s...... 1921 M S 120 127 124 P Dec’01 .... 13 1«2 126 *4 2d gold 3s....................1980 M-S . . . . . . ...... 73 *2 Aug’01 .... 73 '2 73*2 113 NoP 9!) Henuor Pdgolsl s £ g 6 s. 1931 MS 0 LOO 10 0 Kentucky Cent gold Is .. 1987 J J 99 96:,l 1 0 2 I 1 1 0 '2 1 12 Life N cfc M & M 1stg4 %s 1945 M-S 110 ‘4 Sale 110 '4 llOtj N Fla S 1st gu g 5 »... 1937 F-A 1 U :|4 ....... 1I l Aug’01 Ml 115 1M;,i Nov MM .. 111 '•.» 117 Pens <fc AM 1st. go g 6s.. 1921 FA 115 5 ... S 4b N Ala con gu g 5s.. 1936 F-A I I P .,....... LI 5 Dee’Ol .... n o 1 1 5 * 2 Slink fund gold 6s. ..1910 A O T, ife Jolt Rtf sre ( In gu g 4,8 1945 MS 100 iviar’Ol 10 0 10 0 L N Aife Ch S e e C f & L 71/1 aboil Coal S ee L S & M 8 lVlanliattan Ry oonsol4s. 1990 A-0 100*4...... 10534 1 0 6 * 2 215 102 107 Registered ........1990 A-0 105 *.| Mftv’01 1 or,», 1 or, 1 , Metrronol R1 1st g 6s__ 1908 J-J 113^114 113 *b 1 13 Kt 4 114 117*2 Man S W Colon!z g 5s__ 1934 J-D McK’pl. <fe B V S ee N Y Cent Metropolitan El S ee Man Ry 87 80 *2 90 82 78 Sale 82*2 83 Mex Cent consol gold 4s.. 1911 J-J 32 o8 Sale 32 32 78 205 26 1st consol income g 3s.$1939 J’ly 38*i 24 2d consolinoome g 3s..al939 J’ly * 23 23*8 23*8 39 13 27 Equip 4b coll gold 5s...... 1917 A-O 2d series gold 5s..........1919 A O 891. 01 I,, Meir Tntern at 1st con g 4s. 1977 M-S 90c8 J’ly ’01 100 ........ 100*2 Jan ’02 Mex Nat 1st 6s ctfs dep.. 1927 10 0 1 0 1 31 100 ........ 9934 Dee ’01 Ctfs of dep 2d ine 6s A.7&1917 97 10 0 *1 33 ........ 34 Dec *01 Ctfs of dep 2d ino 6s B.7il917 33*2 34*2 Mex North 1st gold 6s__.1910 J-D 105 May’00 Mich Cent S e e N Y Cent Mid of N J S ee Erie Mil L S & W S ee Chic & N W Mil & Mad S ee Chic & N W Mil & North S ee Ch M & St P Minn & St L 1st gold 7s.. 1927 J-D 147 ........ 147*2 Tan ’02 .... 147*2147*2 119 1991o Iowa Ex 1st gold 7s...... 1909 J-D 119 ........ 119*4 Jan ’02 Pacific Ex 1st gold 6 s ...1921 A-0 125 ........ 123*2 A pr’01 .... 123*2 123*2 South West Ex 1st g 78.1910 J-D 121*4........ 121 Jan ’02 .... 122*2122*2 1st oonsol gold 5s........... 1934 M-N 120*2........ 120*2 Jan ’02 116*o 1213i 1st and refund gold 4s..1949 M-S 104*2 Sale 104*4 1047s 15 97 105 Minn & St L gu S ee B C R & N M & P 1st 58 stpd 4s int gu 1936 J-J M S S M & A 1st g 4 int gu 1926 J-J 103 Nov’01 98 103*o 95 ........ 98 A pr’01 M St P & S S M coil g 4 int gu ’38 J-J 98 98 ~ Minn Un S ee St P M &M 32 Mo Kan & Tex 1st g 4 s... 1990 J-D 9858 Sale 98*8 99 96*4 100 7s 84 Sale 83 2d gold 4s......................01990 F-A 84 134 75 87 1st ext gold 5s................1944 M-N IO534 Sale 105 106*8 104 97 106 1 98 100 Dal & Wa 1st gu g 5 s... 1940 M-N 103 105 105 105 92 Jan’02 Kan C & Pac 1st g 4s. ..1990 M-S *........ 91 87*> 9134 H K & T of T 1st gu g 5s. 1942 J-D 107 Jan’02 .... 96 108 .... Sher Sh& So 1st gu g 5s. 1943 F-A ........ 107 105 *2 Jan >02 9934 105 78 Tebo & Neosho 1st 7 s...1903 J-D Mo K & E 1st gu g 5s...... 1942 A-0 112 Jan ’02 107 111*2 Missouri Pacific 3d7s...... 1906 M-N ........ i l 4 11434 Jan ’02 114 117 1st consol gold 6s........... 1920 M-N 123*2124 123*2 124 25 119*2l2558 Trust gold 58 stamped.a l 917 M-S 108 Sale 107*8 108 L76 100*2*09*2 Registered................$1917 M-S 1st coll gold 5s................1920 F-A^ 108*4........ 108*2 108*2 8 1 0 3 n o RegisFered...................1920 F-A Cent Br Ry 1st gu g 4s. 1919 F-A 92*2........ 94 Jan ’02 89*2 91 Leroy & C V A L 1st g 5s 1926 J-J 101*2 . . .. . . 100 May’01 100 100 Pac R of Mo 1st ex g 4s. 1938 F-A 107 ........ 107*8 Jan’02 .... 105 107 1 113 115*2 2d extended gold 5s. ..1938 J-J 113 ........ 114 114 St L Ir M& Sgen con g 5sl931 A-0 118 Sale 11734 118 13 114 119 Gen con stamp gtd g 5s 1931 A-0 116 118 115*2 D ec’01 114*2 116*2 64 84*4 96*4 Unified & ref gold 4 s ..1929 J-J 9234 93*4 9234 93 Registered................1929 J-J Verdi V I & W i s t g 5s. 1926 M-S 98 ........ Miss Riv Bridge S ee Chic & Alt Mob & Birm prior lien g 5s 1945 J-J 111*2........ 110*4 J’ly ’00 Mortgage gold 4s........... 1945 J-J Mob Jack & K C 1st g 5s.1946 J-D Mob & Ohio new gold 6s.. 1927 J-D 130 Sale 130 4 127*4132 i ‘30 1st extension gold 6s..7tl927 Q-J 128*2 Sale 127 hi 12812 30 121 130 General gold 4s.............. 1938 M-S 97 D ec’01 87*2 97 Montgom Div 1st g o s..1947 F-A 116*2........ 116*2 Jan’02 n o n e 34 St L & Cairo gu g 4s__ 1931 J-J 92 ........ 99 Oct ’01 99 101*2 Collateral g 4s........... ^1930 Q-F * 9934 ........ 95*4 Nov’01 95*4 95*4 Mohawk 4b Mai S ee N Y C & ii Monongahela Riv S ee B <fc O Mont Cent S e e St P M & M < Morgan’s La & T S ee S P Co Morris 4b Essex S ee Bel L 4b W 'YTash Chat 4b St L 1st 7s. 1913 J-J 126 ........ 126*2 126*2 4 126*2130 -LI 1st consol gold 5s........ 1928 A-0 114*4 Sale 114 114*4 6 111 116 Jasper Branch 1st g 6s.. 1923 J-J *118*2........ 113 D ec’99 McM M W & A 1 1st 6s..1917 J-J *114*2........ T <fe P Branch 1st 6s__ 1917 J-J i l l D ec’99 Nash Flor & She! S ee L & N New H <&D S e e N Y N H <fcH N J June RR S ee N Y Cent New & Cin Bdge S e e Penn Co N O & N E prior lieu g 6s pl915 A-0 N Y Bkln <&Man Bek S ee L I N Y Cent & H R 1st 7s. ..1903 J-J 103*4........ 103*8 Jan’02 104*2 108 Registered...................1903 J-J *103*8........ 1 0 2 34 D ec’01 102% 107 78 Gold mortgage 3 * 2 8 ........1997 J-J 108 1083<i 10834 10834 2 107*2 110% Registered...................1997 J-J 5 109*2109*2 109 ~ 109 Debenture 5s of... 1884-1904 M-S 104 106 104 2 101 106*2 104 Registered..........1884-1904 M-S 10334106 103*2 Jan ’02 103 106% Regist deb 5s o f...1889-1904 M-S 109*2 Sep ’97 Debenture g 4s__ 1890-1905 J-D 10034 102 103 *8A pr’01 102*4 10478 ROgi stored..........1890-1905 J-D ...... 1102 100*4 Jan’02 997s 102*4 Debt certs ext g 4s........1905 M-N 101 102 10078 Jan ’02 100 w103% Registered...................1905 M-N *........ 102 100*8 Nov’01 100*8 100*8 Lake Shore coll g 3 *2 8 ... 1998 F-A 97 *2 Sale 97*2 99 98 139 95 Registered...................1998 F-A 9434 Sale 94*4 9434 198 94 97*2 Mich Cent coll g 3 * 2 8 __ 1998 F-A * 96*2 97*2 96*2 96*2 J 93% 97*2 Registered...................1998 F-A 96 J an ’02 96 97 Beech Creek 1st g u g 4s. 1936 J-J ii o ........ 111*4 Sep’01 111 112*8 Registered...................1936 J-J 106 J’ne’98 2d gu gold 5s.............. 1936 J-J *ii7*2....... Cart 4o Ad 1st gu g 4 s... 1981 J-D Clearfield Bit urn Coal Corn— 1st s f int gu g 4s ser A 1040 J-J 92*2 92*2 91*4 93 92*2 Dec’01 Gouv<fe O sw elstgugfis 1942 J-D 2 Telegraph ami Telephone Telep &, Tel coll tr 4s 1929 J-J Cotoin Cable Go 1st g 48.. 2397 Q-J Beglatered................... 2397 Q-J Am ErieTT &7'T1col f 5b..iJ918 920 M-N Met stCoStrf ggs5«..... Mat flu Tel Wcstn Un NNoYWetttn N JTele// Tel gen g Went 5s.. 1920 Un M-N West Union col tr car 5 b. 1938 J-J Fd ami rTel eal eat g 4 %s... JJ9J 950J M-N Mat fin Northwestern Tel __1904 M-N J-J 7b Coal and Iron Coal Min TNCy o«fc h Clear/15it Coal / % ?< ? Col 0<fe f ext JCo at con g 0b I902 J-J FA Col C all S ee O <f c / D e v "W o I 4b U gu g 5 h 1900 100 113 __ S MISCELLANEOUS BONOS-Continued on Next Rage Coal and Iron Col Fuel CoCogen gold 65s.. b.-.1919 M-N 100% 100% Col F I gen s f g 1943 100%May’01 F-A De Bar del C f T O < fc 1 100% Oct ’00 Or RivClear CoalO&&C11st 1st gg(is.. 1919 109 Oct’99J __ 114 114 Jeff A-0 6s. J 926 114 Noy’O J-D 2d gold 5s.....................1926 J-J) ValPitCoal 1st g sm15s. 5s. 1928 J-J 113%H7 Pleas 113*4 Oct ’01 Roch O r pur 1946 M-N 115%% Tenn Sun CkCoal CoalT Di 1stvg1sts £g6s... J912 112% 1127 1105 111 J-D J111 05%116 109 6s. 91 7 1071 4 108 A-0 Birm Div 1st1consol 6s.. 1917 J-J 113*4 Jan’02 Cali O M Co wt gu g 6s. 1922 J-D Co Jgust gg 5s.1919 6s. 1910 F-A WliBe Par C<PfeCi Co J-J & 4o ad L K 4b L01 55 Sep ’01 .... 101 Nov’00 price Friday; latest bid and asked this week. a Due Jan 0 104% s-5 M-N *114 ........ 11 9 L .T’l v ’01 1 M-N 134*2........ 134% 134% F-A 133 ........ 131 Oct ’01 131 % Oct, ’01 A-O 134 54 A-O 102% Sale 10937 103 Registered 1 996 A-O 100% Jan ’02 107 *•->.T’lv ’01 O O ife T 1st, an a 5s 1929, J - J 106 7 S cio V & N E 1 st,gn g‘ 4s 1989 M-N 102 ........ 102 102 North Illinois S ee Chi & N W North Ohio S ee L Erie & W Northern Pacific— Prior lien ry & 1 gr g 4s. 1997 Q-J 105 Sale 104% 105*8 178 5 105 105 Registered................. 1997 Q-J 175 General lien gold 3s $2047 Q-F 75 *4 Sale 74*2 Registered"" $ 2 0 4 7 Q-F 72 Jan ’02 C B & Q coll tr 4s S ee Gt Nor 100 *o Jan ’09 St, Panl-Dul Div g 4s 1996 J-D Registered "" 1996 J-D 120ioT)ec’fn St P & N P aen a 6s 1993 F-A 131*0 Registered certific’s 1 993 Q-F 128 131*" 132 “ J’l y ’99 1 St Paul & Dul 1st. 5s__ 1931 F-A 121 Sale 121 121 2d 5 s ... 1917 A-O 111*2 114 Nov’01 1st consol gold 4s. 1968 J-D *100 . . 100 Jan ’02 94% D ec’01 Wash Cent 1st g4 s.. . 1948 Q-M 93 95 2 Nor Pac Ter Co 1st .o*0 g 1933 J-J 114*2116 115 115 Nor Ry Cal S ee So Pac Nor Wis /S'^StPMcfeO Nor & Mont S ee N Y Cent l Ind <fc W S ee C C C & S t L vP^hio River RR 1st g 5s. 1936 J-D 111 ____ 112*2 J’ne’01 General gold 5s.. 1937 A-0 105*4........ 95 D ec’00 Ore & Cal S ee So Pac Co Ore Ry & Nav S ee Tin Pan Ore Short Line S ee Un Pac Oswego & Rome S ee N Y C C C F & S t P S ee C & N W 11 ~Dac Coast Co 1st g 5s-__ 1946 J-D 112*2113 112*2 113 JL ac of Missouri S ee Mo Pac Panama 1st s fund g4*2S..1917 A-O 103 ........ 103*4 D ec’01 Sink fund subsidy g 6s 191 0 M-N 101 D ec’OO 3 Penn Co gu 1st g 4*2S.....1921 J-J 112% Sale 112% 112% 1921 J-J *110*2........ 111 *o .Tan ’09 Registered........ Guar 3 *28 col 1t/rnst reg 1 ! 1 :7 M-S 102 Nov’ 98 Guar 3 *gs coll tr ser B ... 19 4 1 98*2........ 99 Jan ’02 C St L & P 1st con g 5m 1932 A-O 122 123 Jan ’02 Registered...................1932 A-O Cl & P gen g'u g 4*2S ser A ’42 J-J 120*4........ 121 Oct ’00 Series B ....................... 1942 A-O 122 ' ........ Series C 3 *2 8 ................1948 M-N 104 ........ Series D 3 *2 8 ................1950 F-A 105 ........ Erie 4b Pitts gu g 3 *2 S B . 1940 J-J 102 ........ 102 Nov’OO Series C....................... 1940 J-J N 4b C Bdge gen gu g 4*2S 1945 J-J 1 1 0 ........ 115 Tier’01 P C C & t I. gu 4 %s A 1 940 A-O 115*o Series B guar.............. 1942 A-0 115*2........ 11 5*o Tan ’02 . 11534 11 6*o Fell’01 Series C guar...... 1942 M-N 1063.7 Nov’01 Series D 2s guar......... 1945 M-N Series E 3*2 guar g . 1949 F-A 97 " May’01 Pitts Ft W 4b C 1st 7s. .1912 J-J 130*4 130*2 130 *e 1 2d 7s.......................... 1912 J-J 130*4 130 130 ~ 1 130 Anr’01 3d 7s.......................... 912 A-0 129 Penn 11R 1st real est g4s. 1923 M-N *110 ........ 109% Nov’01 Consol sterling g 6s...... 1905 J-J 4b 118 W eek 's R ange or l.a x t S a te Nor & South 1st g 5s 1941 Norf & West gen g 6s 1931 Iinprovem’F<fe ex tg 6 s .. 1934 New River 1st g* 6s 1939 S ee 11434 P r ic e F r it Hi >/ J a n . til R ange Y ea r 1UO! ££ H id A u k Lino H ig h S o I/jOUJ H igh, N Y ( Jen 1 3 II It (C o n t i n u e d ) ) 07 %.J’ly ’00 Moll A Mill I d gu g 1b 1991 M S ...... .......... 11O', Dee’Ol 99% 110% 1 ncoux ■> 1 9 9 1 Hrp N J J line It gu Jh1/4 H 1986 F-A ............... 108 Dec ’01 108 108 ........ Iteglwl 1 1 «‘d 1986 FA 105 % ov’ 0 1 N Y A F11 1wt con gu g. 4 1 1993 A O 104 % Jo., ■ ........ Nor <& Mmil 1Ht gu g 5s 19 J6 A-0 West- Shore I s t ls g n . 3361 J-J 1J2 % Sale J12 % 1 12% 17 i l l JJ6 % Registered..................2361 J .1 1 12 Sale 1J2 Q 112% 27 110% 113 % J07 '•/ Jan ’02 107% i j :i Lake Shore consol 2d 7m 1903 J D 107*1 . Registered.................. 1903 J-D 107% Hale 107% 107% 2 107 % 1J J J O ....... 109% 108% 108% b 107 *2 11 j % .11) 110% Mai’OO Del. Moil 4b Tol 1st 7h. 1906 F-A 116% 117% 117% May’01 J17 117% !<?». A (1 It 1Ht gu (' 5h 1938 .1 J 128 128 Mahon C’l RR 1st 5 s .. 1934 J-J 126*2........ 128 j ’ne’Ol 146% A pr’01 Pitts McK Y 1Ht gu 6b 1932 .1 J 14u 140% 146% .1 J 130 ........ M c KCOB<fc B V 1st g 6s 1918 J-J 126 ........ 2 101 % 106% 102 Midi Cent 1st consol 7s. 1902 M-N 102 ........ 102 1st consol 5s................1902 M-N 101 % ........ 100 %Nov’01 .... 100% 103% 118 % 119 6s 1909 M-S 118%........ 118% Dec ’01 127 131% 5s 1931 M-S 131 ' ........ 131 Aug’0 1 130 Jan ’02 125 125 Registered................1931 Q-M 110 L ee’01 110 110 4s r'’ 1940 J-J 106% Nov’00 Registered 1940 J-J "Rnt. C, ,Kr. 8t.nr 1st ern tr 3s 1989 J D +........ 92 N Y & Harlem g 3%s 2000 M-N ........ 115% 1 15% May’00 Registered 2000 M-N 121 *2 Jan ’02 121 122% N Y 4b Nortli 1st a- 5s 1927 A O 121 2 125% 129 R W ^(1 eon 1stextos h-1922 A-0 A127 128 127% 127% Oswe & R 2d gu g 5 s.. .el915 F-A 113*2115*2 113% 113% 3 R W & O T R ls t au a 5s 1918 M-N Utica & Blk R iv g u g 4 s.1922 J-J 109 112*2 110*2 Nov’01 - •- - 110% 110% N Y Chic 4b St L 1st g 4s. 1937 A-O 107 107*2 107*2 107% 8 106 109*8 107 D ec’01 105 107 Regi stered......................1937 A-O N Y & Greenw Lake S ee Erie N Y & Har S ee N Y C <fe Hud N Y Lack & W S ee D L <fc W N Y L E & W S ee Erie NY(ft Lon g Br S ee Cent of N J N Y & N E S ee N Y N H & H 100 D ec’01 .... 100 102 N Y N H & Har 1st reg4s. 1903 J-D Convert deb eerfs JS!1 OOO A-0 204*2206 204 *0 .Tan ’09 196 206 203 D ec’01 Small certs $100 195 203 135*0. Jan ’02 Hon sat on in R eon g 5s 1937 M-N 134% 134 136 N H 4r. Dorbv eon a 5s 191 8 M-N 117 114 Jan ’00 N Y tfe N E 1st 7s. 1905 J-J 108 110 1st 6s... . 1905 J-J *105%........ 106% Jan ’02 N Y & North S ee N Y C & H 12 104 101% 108 104*4 N Y O <fe W ref 1st g 4 s..01992 M-S 104 105 101 *<?. Nov’98 Regis $5,000 only q~\ 992 M-S N Y & Put S ee N Y C & H. N Y & E B S ee Lon g Island N Y S & W S ee Erie & S ee n f u n d fin ... UONI>S N. V. STOCK EXCHANGE WEEK ENDING! JAN. 31 259 IVIaimfxM*luring iV; Intftihf rial Amcr cycleexts f4%s. doben 5s 1915 1919 Am CotPIOil Dae May p B u e j’no a Duo .riy p Duo 105%......, 105 106 106% 106 Eeb’01 106 108 May’97 Jan’02 106 104 .... 107 80 May’97 ................ 105 Oct ’00 Jan ’02 ’02 .... 108 ....... 108 109 Jan 110 105 %Jail Feb’00 105 103 ’02 .... 32 Jan’00 17 110% 112% 132 “ 136 129% 133% 131 134 99% 104 103 “ 103 107% 107% 99 104 103 106 103% 105% 69% 73% 69 72% 99% 102 128 131% 122% 122% 110%117 100 " 106 94% 94 ‘a 1154119 112 112% 108 113 102 105 112 115% 110% 114% 121% 126% 114 118 113 11734 116%] 16*^> 106% 106% 97 99% 132% 136% 132% 136*4 128% 136% 109% 109% 106*4 106% 96%108 1.04 105 iio 112 100 104% 55 102 82 58 100% 58 141 99 55 ....... 57 100 JOO » Option sale. Bond Record—Concluded—Page 4 260 hi-J c [VOL. L X X I V BONDS N. Y. STOCK EXCHANGE WEEK E J . HI iA mtheru PacN(Jo—( )1M N t c iiU R R —( Continued) U i la V H 1 at gu g 5s. 1924 Cuii c u r r e n c y Oa i c g . . . p l b o o ......*..........P HullsguKg 5sW T 1st g 5s. 1935 M NN t ollSoi g o ld o s . •••••*.*«*1019 lsi i, e deemaule..l933 M C uiisoi g o ld 4 s . . . . . . . . . . . 1943[ 1022 34 Mar’O Nov’97Ol HConsul TO 1st g os ml gu.. i 93 <J-J A lle g V a l g en gu g 4 s . .. 1942 U g 6 s lilt guar. ..1912 A O Ci Sc Alar IsL g u g 4 % . . 1935 Hun goldN4sWml guar.. 1921 A o 107 I i h l U l c K b g e 1st gu 4o g.'JOi L12 Jaii'OD 112 llSHa \Y acodb div 1st g 6 s’3mMN i n ;..... U l H A i t i 1st gU g 4 %** 1941 lUtJ ...... ...... ...... Morgan’s La T 1st 7s. 1918 A O tiuu A L e w is 1st g 4 s ...l 9 3 6 | 1st gold 6 s.................1920 J - J 1 18*8....... L17 Muy'OOi U N J It It & C an gen 4 ». 19441 N VTA Mex gu 1 st g 4s. 1012 A O P e n s a c o la A A l l -See L Sc N ash No of ( ‘ a l 1 si gu g 5s.... 6 s__1907 J-J P c o A E ast See C C C Sc Hr. E 180 130 i 133*4 133*2 129 H i 131 H i nuaranteed gold 1938 AO P oo Sc P e k Uu 1st g 9 s . . . .1 92 1 101 Oct '0 0 Ore < at 1 si guar g 5s. 1927 97*3....... J-J 2d g o ld 4 %S......... ........... 61921 U 126 127 SAtfc A Pass 1st gu g4s 1943 P c i c M a rq — F A 1 M g Os. 1920 A O 124 ....... 127 Feb ’01 J -J Bo P of A i gu 1st g 6 s cl909 10 108 114*3 J 1st con su l g o ld 5 s ....... 1939 M R 114 114*4 114 Jau’02 O B P of Cal 1st g 6 s..... 1905 P i H u ro n D iv 1st g 6 a. 1939 A O ................ 117 Jan ’ 02 . . . . 109 11o34 ...... ....... 1st g 6 s series B..... 1905 A o Hag T u s Sc H 1st gU g 4 s . 1931 F -A ••••*• ....... 137** NoV’97 o 1stst gg 66 ss series CEAA D. 19061A P in o C lo c k l o g g u a r 6 a . . . 1032 J O o 1 series F. 19 1 21 A P i l l s C m Sc Hi L Boo P en n Co L07HiOct ’9H 1st gold 6 s..............1912! A () P i l l s CibV Sc T o l 1st g O s.. 1922 A O con guar g 1905-193 5s__19377 M M NN P itts F t W So C li See P e n n Co L20 Oct ’01 . . . . 1 2 0 1 2 0 S Pile1stStamped__ ....... 122 P itts J u n o 1 st g o ld 6 s ........1922 J -J of N Mex 1stg 4s__1937 g 6 s.. 19 11 JJ- JJ P itts sc L E rie 2 d g 5 s . . . a l 9 2 8 A O 114 ....... S P Coast 1st gu P it is M o R o e s So Y See N Y (Jen 118*3 Sep *01 F-A P it ls Sh A L E 1 st g 5 s . ..1 9 4 0 A O 117 ....... 98 J ’ly ’97 11338 118*3 Tex O 1stIstgOs__1912 7s......... 1906 M-S 1st co n s o l g old 5 s . . . . . . . . 1 9 4 3 J -J Sabine Div Jan’02 99 10l *4 98*3....... 100 P i ll s sc W est 1st g 4 s ........1917 J-J Con gold 5s...............1943 J -J 101 L Dec’Oil 98 101 1 - Southern—1st con g 5s__1994 J -J J P M So C o ce rt Is..................... 121 HHaaMar’Ol 121 121L -J P itts V Sc A s h 1st c o n o s . 1927 120*4....... Registered................ 19941.1 190 98 98 7e 92*3 1 003i M-S 9 8 a4 Sale d in g C o gen g 4 a .........1997 Mob A Ohio cull tr g 4s.. 193s I tI en 92 Apr’01 92 92 , Registered................ 1938 M-S R e g is te r e d ........................1997 R e n sse la e r Sc Bar See D Sc 11 Mem Divdiv1st1stg 4%-5s...1996 J-.J K ieli Sc D an See S ou th B y Bt Louis g 4s ...1951 J -J R ic h Sc A le ck See S ou th e rn Ala CenDanv R 1st gg64s... s.......1918 J -J 79 R io H r W e s t 1 st g 4 s . , . . . . 1939 J -J At I 1st .19 18 98*2 1033i 1 0 0 Hi....... lOOHa 101 J -J 94 94 12 93*4 96*4 L o n s o l a n d co l tru st 4 s .1 9 4 9 A O A-O Ati Yad 1st g guar 4s. 1940 93 H a 95 97 Jan’02 l uih C en t 1st g u g 4 s .a l9 1 7 A -O 90 90 Col Greenv 1 si 6 s.....1916 J -J R io Hr J u n c 1 st g u g 5 s . . . 1939 J -D 107 ....... 105 Feb’01 105 105 ECon T Va1st gold Ga l>iv g 5s. 1956 1930 M-N J -J 84 Nov’Ol .... R io g r Bo 1st g o ld 4 s ...........1940 J -J 80*3 85 5s......... ....... 88 92 Jan ’02 M -8 G u a ra n te e d ......................... 1940 J -J Ten reor lien g 5s.....1938 92Ha 94*4 ERegistered................ M-S R o c li A P itta See B R A P 1938 K oin e W a t Sc O g See N Y C ent Ga Pac Ry 1st g 6 s...... 1922 J -J K u tla n d 1 st co n g 4 L a ___ 1941 J -J Knox Ohiocon 1stgg66s__1915 s... 1925 JJ-J-J DJI *4 Nov’Ol — K u t-C an ad 1st g u g 4 % s .l9 4 9 J -J Rich Dan 101*4 101*4 ............... C ag T A 11 see P o r e Alary. Equip sink fund g 5s.. 1909 M-S D e b 5s s ta m p e d ............. 1927; A-O O a l i L a k e C 1 st g s f 6 s ..1 9 1 3 J -J 95 Jan’02 Jo .......... — Hi J o Sc H r lal 1 st g 3 -4 S ..1 9 4 7 J -J R ic h A M e e k 1 st g 4 s . .. 19 Is M-N 89*3 98 Bo Bt L a w Sc A tliron 1 st g 5 s .1 996 J -J Ill C ar So G a 1st g 5 s ___ 1 9 19 M-N 2 d g o ld 6 s ........................... .1 9 9 6 A -O V ir g in ia M id ser D 4 -5 s. 1 92 I M- S UONUa N Y. STO CK E X C H A N G E W fa.ii.fi. EMU-SU JAN. 3L i- A W e e k 'a lia n y e or L a s t S a le P r ic e P r id a y J a n . 31 A u k L ow Hd J liy l lia n y e Y ear P i 01 L ow n d in u J iiy ti Price 1 rida y Jan. 31 an C o n tin u e d So h So Sc So N So So Sc So So So ub Ht L A C airo See M o b Sc O hio Bt L Sc ir o n M o u n t See M P Bt L K O A N See W a b a sli Bt L M B r See T R K A o f S t L Bt L Sc B F ran 2d g 6 s C l B 1906 M-N 1 1 0 1 1 1*3 2d g o ld 6 s C lass G ...........1 906 M-N G e n e ra l g o ld 6 s ..................1931 J -J G e n e ra l g o ld o s ..................1931 J -J S t L So S F 11R g o ld 4 s .. 1996 J -J ...... B ou th w D iv 1 st g 5 s . .1 9 4 7 A -O 1 0 0 R e fu n d in g g 4 s ............. 1951 J -J e8 R e g i s t e r e d ...................1951 J -J K C F t B So M Con g 6 s . .1 9 2 8 M-N K C F t S So M R y r e f g 4s 1 93 6 A -O R e g is t e r e d ....................... 1936 A -O S t L o u is S o See I llin o is C en t S t L B W 1 st g 4 s bd c t fs .1 9 8 9 M-N 2 d g 4s in c bon d o t£ s ...p lU 8 9 J - J G r a y ’ s P t T e r 1 st g u g o s 1947 J -D S t P a u l So D u l See N o r P a c ific 6 t P a u l A1 So M an 2d 6 s . . . 1909 A -O 1 st c o n s o l g o ld 6 s ............. 1933 J -J R e g is t e r e d ....................... 1933 J -J R e d u c e d to g o ld 4 % a .-1 9 3 3 J -J R e g is t e r e d ...................1 93 3 J D a k o ta e x t g o ld 6 s ..........1 91 0 M-N M o n t e x t 1st g o ld 4 s ___ 1937 J-D R e g is t e r e d ....................... 1937 J -D E M in n 1 st d iv 1 st g o s . .1 9 0 8 A-O 1 0 6 34 R e g is t e r e d ....................... 1 90 8 A-O N o r D iv 1 st g o ld 4 s ___ 1 948 A-O R e g is t e r e d ...................1 94 8 A-O M in n U n io n 1 st g 6 s ___ 1922 J -J M o n t C 1 st g u g 6 s ..........1937 J -J R e g is t e r e d ....................... 1937 J 1 st g u a r g o ld o s ............1 937 J -J R e g is t e r e d ....................1 937 J -J W ill So S F 1 st g o ld o s . . 1938 J -D R e g is te r e d ....................... 1938 J -D S t P So N o r P a c See N o r P a c S t P A S ’x C i t y See C S t P M A O S F e P r e s So P h 1 st g 5 s . ..1 9 4 2 M-S S A & A P See S o P a c Co S F So N P 1 st s in k 1 g 5 s . 1919 J -J S a v F So W 1 st g o ld 6 s ....1 9 3 4 A-O 1 s t g o ld 5 s ........................... 1934 A-O S t J o h n ’ s D iv 1 st g 4 s . . . 1934 J -J A la M id 1 st g u g o ld 5 s .. 1928 M-N B ru n s So W 1 st g u g 4 s .. 1938 J S il S p O c a So G g u g 4 s . .1 9 1 8 J -J S c io to v a l A N E See N o r Sc W S ea b A R o a 1 st o s ................ 1926 J -J 112 C ar C en t 1 st c o n g 4 s . . . 1949 J fib er-S h r So So See M K So T S il Sp O ca So G See S a v F So W S o d B a y So S o 1 st g 5 s ........1924 J -J S o C ar So G a See S ou th e rn S o u th e rn P a c ific Co— 2-5 y e a r c o il tr g 4 % s ^ ...l9 0 5 J -D 1 0 34 G o ld 4 s (C e n t P a c c o ll), fc l949 J -D R e g i s t e r e d ................. . A;l 949 J -D A A N W 1 st g u g 5 s ___ 1941 J -J C en t P a c 1 st r e f g u g 4 s 1949 F -A R e g is t e r e d ....................... 1949 F -A M o r t g u a r g o l d 3 % s .. &1929 J -D R e g i s t e r e d ................ &1929 J -D G a l H a r So S A 1 st g 6 s . . l 9 1 0 F -A 1 1 2 2 d g o ld 7 s ......................... 1905 J -D M e x A P a c 1 st g 5 s ___ 1931 M-N Jan’02 110 114*8 Dec ’ 01 110 114*8 133 133L 61 1317s 134 125 136*3 118 118 2 112*3119 117 118H> Jan ’ 02 96*3....... 100 1i 91*4 102 *3 100 Jan’02 00 L 100 97 Sale 973q 97 78 125 97*4 98*3 *126 ....... 123 9034*3 Dec91*01 226 123*2123*3 91 Sale 87 9034 117 95*4 L 98*4 9834 98*8 Sale Sale 78*3 79 79*4 78 71 82*4 M a n u f a c t u r in g A I n d u s t r ia l A m H id e A L 1 st s f g 6 s . . 1919 A m S p irits M f g 1 st g 6 s . . 1915 A m T h re a d 1 st c o l tr 4 s . . . 1919 B a r A S C ar Co 1 st g 6 s . . . 1942 C o n so l T o b a c c o 5 0 -y r g 4 s. 1551 D is t illin g o f A m e r ic a co lla te r a l tru s t g o ld 5 s ...................1911 G r a m e r cy S u g 1 st g o ld 6 s . 1923 111 S te e l Co d e b 5 s ............... 1910 N o n -c o n v d e b e n 5 s ..........1913 I n t P a p e r C o 1st co n g 6 s . 1918 K n ic k e r b o c k e r I c e (C h ica g o ) 1st g o ld 5 s .......................1928 N a t S ta rch M fg C o 1 st g 6 s 1 92 0 N a t S ta rch C o s f d eb 5 s .. 1925 B tau R op e A T 1 st g 6 s . . . 1946 I n c o m e g old 5 s .................19-16 U B L oath C o s 1 d o b g 6 s . . 1913 M -S M -S J -J J -J F -A 105 108 106 1U0‘*4 102 110*4 1 1 1 111% 110*4 112 Dec 01 04% 12 125 13 1 13' 123 95 127 135 123 .Jan ’ 02 1 13 ‘-j u I in 112 .. ,1 1 0 .. I 861 95 111 J an ’02 135 - 126 6 1136 Jan ’ 02 .. 123 12 6 137 Hi 125 1 0 6 % ........... J an ’ 01 . - - - i l l 18 1 13 1 17 ........... 113 102 1 0 4 * 4 106 L N o v ’ 0 1 •ill 0 5 Ha 1 0 7 h9% H ale 8 H ;Vi 90 1 1 2 % Bale 112*8 M 2»o 108 ........... 1 0 8 U 10 8*., 108 D e c ’ 01 i 0 8 % 111 323 i l l ) 07 10% Bale . 120 Bale 97 >4 98 A p r ’01 106 >4 N o v ’ 97 108 l y ’Ol 119 '8 120*4 12 2 J an ’02 97 98 HaJ Sep Ul 1 1 2 L ____ 1 1 2 10 0*4 Sale 9 9 u4 1 0 0 L 11 7 4 95 .... 96 108 109 119 12U 120 F e b '01 107 N u v ’ OO 109 ^ 110*8 66 106 Ha 11 J 114*4 O c t ’01 NO 1.14 *4 1 10 113* i., I0 111 Ha 100*8 I n s *4 1 1 0 % .......... 1 1 0 ®b J ail '0 2 1 19a4 . 110 . 7 7 7h 9D*4 1-101 110 4 1 1-1 Ha 120 95*4 110 I03y4 111 *o 91 11 l a4 124 H 116 120*4 29 95 9 7 ‘-2 17 M ar’01 96*4 i 10:*4 *8 109 96 112 101 120 120 93 97 119a4 121 J 'n e ’ Ol 1 1 0y4 ......... 121 117 **2......... 117 J a n ’ 02 120 **......... 120 Hi J an ’ 02 115 ......... 114 N o v ’ Ol 117 Ha 120*4 117 121 lll^ llC H a 125L 1 2 6 *8 ......... 125 125 .......... 125 325 121 1 2 1 L 121 ) 1-2 120 Ha 101*4 J ’ l y ’ OO i i *2 Ha !! ! ! " * 111 D e c ’ 01 83 D e c '00 111*12 109*8 J a n ’ 02 102 O ct ’ 99 1 1 1 S ep ’ 01 I 16*2 115 J a n ’ 02 HO Ha llO H a D e c’ Ol 9 1 1-2 Sep ’ 00 120 HaD e o ’ 01 118 124Ha 128*8 124*8 129 121 124*3 109 111H ib ‘6 iio * m 11.5*4 142 1187e 139 12 113 116*o 116*8 116*8 116 120*3 1 102*3 107*8 106 106 106 126 138 ....... ....... 121*3....... 123 ....... 128 Apr’00 140 Oct ’01 — 132 140 115 Apr’97 124 Dec’01 121 124 12468Jail’02 109 ....... 128*4....... 113*4....... 90*3....... 90*3....... ....... i ll Aug’01 11334 Dec’01 128 Dec’01 123 Dec’99 95*4 Nov’Ol 111 Dec’01 87 Aug’01 91*2 92 10434 Feb’98 104 111 110*3ll33 128 128 94 95*4 106*3111 87 87 12 91*4 915g 108 ....... 100 Dec’01 1 0 0 Q Sale Sale 93*2 42 95 99*3 10034 101*3 595 947e 94 7g 83 95*3 89 Oct ’01 89 89 111 J’ne’01 96 111 i03*3 Sale 10338 103 .io. *6 100 103*4 9978 J’ne’Ol 8734 Sale 87*2 8734 49 83*4 89*3 ....... i106 i i Dec’01 oct’Oi 108*3113*3 106 10734 ....... 106 107*2....... 107*3 Oct ’01 100 107*3 MISCELLANEOUS BONDS—Concluded. Miscellaneous I Adams E x c o l tr g 4 s ..........194S M-S 106%....... 106% 106% ..1 iios m> 98 9 7 % Sale 97% 98*4 103 90 Am Dk A Im p 5s See C e n t N J 1 2 0 75 85 85 Sale 81 85 B k ln F e r r y Co 1 st c o n g 5s 1948 F -A i 6 8 ‘.78U1* 84 84 B k ln W A W H 1 st 5s tr c t i s . . 76 Jau’02 105 J a n ’ 00 j 111 Mar’Ol 111 111 107 69 Sale 67% 69% 1283 62*4 67*4 C h ic J c A S t Y a r d c o l g 5 s . 1915 J -J 8 8 *s Sale J -J 90 A-O J -J A-O * 1 0 0 *4 F-A 1 1 0 1 1 2 87*4 88% 9 9% A p r ’ Ol 99 J a n ’ 99 100% J ’n e ’ Ol n o 111% A -O M-N J -J FA 93 A u g ’ OO 108*4 J a n ’ 02 89 89 5 60% 61 20 M-N 100 Low Jiiyti 114 114 S e rie s E 5 s ....................... 1926 M-S 113 117 G en e ra l 5 s ....................... 1936 M-N 116 116*3 G u a r sta m p e d ........... 1936 M-X W O A W 1st c y g u 4 s . . 1921 F-A 116 1 2 0 58 W e s t N C 1st co n g 6 s .. 1914 J -J S A N A la See L A N 117 J ’l y ’ OO S p o k F a lls A N o r 1st g 6 s. 1939. J - J S la t I s i R y 1st gu g 4 % s .. 1943 J -D S u n b A L e w See P en n R lt B yra B in g A N Y See D L A W ' j 'e b o A N See M K A T 1 14*2 N o v ’ Ol . . . . 113% 116 1 e r A o f S t L 1 st g 4 L S ..1 9 3 9 A -O 114 116 Ha J a n ’ 02 . . . 115 116% 1 st c o n g o ld 5 s ........1894-1944 F-A 117 113 115 113*2 J a n ’ 02 — S t I j M B g e T e r gu g 5 s. 1930 A -O T e x A N O See So P a c Co 104 F e b ’ 01 104 104 T e x A P a c E D iv 1st g 6 s .. 1905 M-S 16 115% 1 2 0 % 121 Bale 1 2 0 101 1st g o ld 5 s ............... ' ......... 2000 J-D 1 2 i 15 90 1 0 0 10 1 Sale 1 0 0 2d g o ld In c 5 s ....................r/ 2000 M ar 1 0 1 111 J ’ n e ’ Ol . . . . 110*3 1 1 1 L a D iv B L 1 st g 5 s ........1931 J . J 114*3 J a n ’ 02 . . . . 113 117% 113 T o l A O C 1 st g 5 s ................1935 J -J 112% N o v ’ 0 1 . . . . 112*3 115*4 W e s t e r n D iv 1 st g 5 s . . . 1935 A -O 113 108% 107 N o v ’ Ol . . . . 103 G e n e ra l g o ld 5 s ..................1935 J-D 104 107 99*4 95 98% 98 *2 J a n ’ 02 . . . . K a n A M 1 st g u g 4 s ___ 1990 A-O 95 91 92 J a u ’ 02 . . . . 93 86 T o l P A W 1 st g o ld 4 s . . . . 1917 J -J 95 88 93 91 Sale 90% 91 T o l St L A W p r lie n g 3 *$s. 1925 J -J 8a% 82 *2 8 3% 182 73 83% Bale 5 0 -yea r g o ld 4 s ..................1950 A-O 98 1 0 0 9 7 *3 J a u ’ 02 99 T o r H a m A B u ff 1st g 4 s . h 1946 J -D 111 J a n ’ 02 . . . . 106*3 109*4 J -D 1 1 1 " ls te r A D e l 1st c o n g 5s 1928 U n P a c R R A I g r g 4 s . . l 9 4 7 J -J 105 Sale 104% 105 108 103% 107*4 110 105 J a n ’ 02 . . . . 103*2 106% R e g is te r e d ....................... 1947 J -J 1st lien c o n v e r t 4 s ......... 1911 M-N I ’U 6X4 Sale 105*3 106% 28t>3 103 129 R e g is t e r e d ....................... 1911 M-N 112% 109 J a n ’ 02 •••• 1 1 0 O re R y A N a v i s t s i g 6 s 1909 J -J 103 103*2 00 101*3 105% O re R y A N a v co n g 4 s. 1946 J -D __ 125 130 129 J ail ’ 02 O re S h o rt L in e 1 s t g 6 s . . 1922 F-A 128 34 117*4 Sale 117*4 117% 42 115 1 2 1 1 st c o n s o l g 5 s ................1946 J -J 103 % O c t ’ 01 103% 106 N o n - c u i n in c A 5 s ___ M 9 4 6 s e p 117*3 J ’ n e ’ Ol - ••• 117 119 U tah A N o r 1 st 7 s ..........1908 J -J •TU4 113 113 113 M a r’ Ol G o ld 6 s .............................. 1926 J -J U n i N J R R A C Co See P a R R U ta h C en tral See R io G r W e s U ta h A N o r th See U n P a cific U tic a A B la c k R See N Y C ent 4 V e r V a l I n d A W See M o P ir g in ia M id See S ou th R y 47 117 1 2 0 % \\J a b a sh 1 st g o ld 5 s ........1939 M-N 1 18 % Sale 118% 119 VV 2d g o ld 5 s ....................1939 F-A 114 114*3 1 14 L 114% 13 107% 115 96% 1 0 2 % 99 lV'O D e c ’ 01 . . . . D e b e n tu re se rie s A ........1939 J -J 70 S e rie s B .............................1939 J -J 67*2 6 8 % 783 4o 6S34 Sale 111 110 111 O c t ’ 01 10934 D e t A Ch E x t 1st g 5 s .. 1941 J -J 98% 95 95 J a u ’ 02 - •- • 95 D e s M o in D iv l s t . g 4 s . . 1939 J -J no 112 1 1 0 *3 D e c ‘ 01 S t Chas B r id g e 1 st g 6 s. 1908 A -O 1 1 1 W a r r e n See D e l L a c A W e s t W a s h C e n t See N o r P a c W ash C A W See S ou th ern 24 119 1 2 2 120 W e s t N Y A P a 1 st g 5 s .. 1937 J -J 1 2 0 120*3 1 2 0 100 LOO 100 S 95 1 0 0 % G en g o ld 3 -4 s......................1943 A-O 99% 1 0 0 40 31 40 M a r’ Ol — 35 in c o m e 5 s ......................... d l9 4 3 N ov W e s t N o C ar See S ou th R y W e st S h ore See N Y C en t 113% 1 13 % 114*3 J a u ’ 02 m W V a C en t A P 1 st g* 6 s . .1911 J -J 117% 112 O c t ’ 01 . . . 1 1 2 W h e e l's A L E 1 st g 5 s . . . 1926 A -O 114*4 117 1 1 2 * 3 J a n ’ 02 111*4 116% 113 W h e e l D iv 1 st g o ld 5 s .. 1928 J -J 113 112 E x te n A Im p g o ld 5 s . . . 1930 F -A 113 115 Hi 113 D e c ’ 0 i 94 1 st co n s o l 4 s ....................... 1949 M -S 9 2% 93% 313 89 93% Sale W ilk e s A E a st See E r ie W il A S io u x F See S t P M A INI W in o n a A S t P See C A N W W is C e n t 50-yr 1 st g e n 4 s. 1949 J -J 88*4 8 8 % 218 S5*4 92% SSHa Sale 111*3 110 Jan »02 116*4117 138*2 Jan ’02 13S34....... 116*3 137% Feb’99 11434 114*4 114*4 114*4 116*8 Apr’Ol il7 ....... 1 1 6 34 Jan ’02 106*3....... 106caMay’01 106c8 106 ....... 1 0 6 34 Jan ’02 107 Panye Year Pit) l Sc Uujh A o 4 Sh Loiu 106 D ec ’Ol 106* N o v ’ Ol L id Sc So W e e k 's lia n y e o r L a st S a le 98 108 58 7 113% * N o price Friday; latest bid and asked, 96 60 7% 48 li 66 H a c k W a t R e o r 1 st g o s .. 1926 J -J H o b o k e n L A I g o ld 5 s . ..1 9 1 0 M-N M ad Sq G a rd en 1 st g 6 s .. 1919 M-N M an B oh H A L g e n g 4 s .. 1940 M-N 100 1 0 0 % N uu p N o S k ip A D D o s h i 990 J - J N \ D o c k 5 0 -y r 1 st g 4 s .. 195 l F -A 105 1 1 2 A N Y A O u t Land 1st g 6 s .. 1910 R R S e o u r C o 5 0 -y r g 3 Has. 195 1 J -J ......... St J osep h S tk Y d s 1 1 Has. 1930 J-J 105 n o St L T e r C u p p le s s t a t ’ n A P rop 96 91 C o 1 st g 4 Has 5-20 y e a r .. 1917 72% 47 S Y u b a W at Co eon g 6 s .. 1923 5 *4 1 2 112*4 115% Bp V a l W a t W o r k s 1st 6s. 190(1 82 90 88 10 0 .... 93 s 94 % *95...... 95 95 Sale F 90 Dot ‘99 91% Deo’01 91*4 91% ioi 101 Feb ‘97 .......... l 13%.Ply ‘(H) 113*8 113% V a Due Jan b Duo Feb d Due A p r g Due J’ ne h Due J ’ly A’ Due Aug a Due Sep p Due N ov y Due Dee ,•*Opium sale TH E F e b r u a r y 1, 11)02. J C H R O N IC LE 261 («jin SfcurlllcM >| .'lial t ;i " i i )re A I (3 ndhinupoIlH ( J hh Mock 50 V o lu m e of B u s in e s s a t S to c k E x c h a n g e s A i ) ( i m m El ] ii 1Hi. 6 h G;iS 1920..........M N jjr* 1no%! <hie* 4 ................................. lrUHOn ('o....... 00 M tg <jo Os g ■'111117.............. A-O /1 0 1 103 (:lau IIIh<nbroiigli TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE (11 Ii) 1hi, |ii’fi 1(Ml h aiih.i • 1 1 V G um .......100 DAILY.'WEEKLY AND YEARLY 1 0 2 % 2ll |ll'r|r| |'C,(1............. 1922 1 1 §101 i o n ..................... JOl jiudedc (inn N ) hit Kxoh 1 (>ol<' oAi i m11oi:k .'m;i.IA I pi 1III iafiiy’ei «as ] st O h’24 . M N 1 hi g 1917........ 60 .ugA W ab V 1si 0 ' 26.J •1> 40 'ompi’i MM iMlirAir Co.in; 100 l oo oiupi'CHHCM MadiHoiK WI ) i las — Hi Consol Id Car J Dal § 1 08 110 lKt 0s 1920.............A-O Consol Kin- w’kh w’K• com. 100 Newark Consol Gas Oh G10um1I G100J §1456l %142 $1,500 $1,924,000 $23,479,500 $3,000 248,545 ooi Preferred..............j 58 Saturday ........ Newark 80.000 2.833.000 41,536.100 4.000 435,636 'on.sol Kuhln r ' I ire .) Monday......... ih i 94s Stock i • n < ■ 11 list 9.000 New Kna Gas A 4.469.000 40.000 581,130 55.446.500 Cons TobaccoTobne 4h. dci>-i. 104 107 Tuesday......... B js 118nil 1 1st2 2 ('onUncnial 3.200.000 7.000 59.095,200 614.922 Wednesday__ O A I ml ('on N at A 111 100 47,495,600 2.073.000 488,186 40.340.500 bin Cabinet Lock. Joo 250 46 97% Thursday....... 50 Cor 300 1 st 0 s 19*26............ J-D 0 ,0 0 0 3.000 ’1*9,6*01) 4.014.000 16.000 482,955 107 I Friday........... Corbin (1* A K > Co...... 1 95 Providence Gas...........50 J 80 100 Cramps’ Sh A En Bldg I00 75 St Joseph Gas .As5s’44M-S 1937..1 J § 90 8 8 % 90% Cruel bin Steel..........100 23 23 % Total........... 2,851,374 $273,393,400 $18,513,000 $149,000 $33,500 Syracuse StPaulGas Gen 2 5 0 86 % 20 Prel erred..............100 16 Gas stock.. 100 EXch . 98 00 92 1list Diamond Match Co 1st 1940.............J-.i 96 Dominion Securities.100 Western Gas—5s St’k Exch 27% Electric Boat............100 25 1902 1901 1901 1902 Tolegr Telephone 45 50 Preferred..............100 2 list St k Ex Electric Vehicle.......100 Amer Dist Tele g(NY) 6,057,905 14,799,223 31,849,775 2,851,374 $598,202,800 $1,386,108,600 $3,066,081,850 Bell Telepli of Buffalo 100 104 108 Preferred.............. 1 0 0 3% 5 Stocks—N o. shares $273,393,400 Par value....... 107 Empire State Sugar. .100; §....... 80 A SoTelepli..100 Amer...100 104 $13,400 $2,500 $63,350 Central Bank shares, par.. 95% 64% 68 1st Os 1915.............J-J| dies A Poto 6 105% BONDS Empire Steel........... 100i 5s 1900 29..............-i J $316,450 $ 1 1 1 ,0 0 0 $29,500 $33,500 44 184 Government bonds 46 175 Preferred.............. 1001 Commercial Cable---100 299,500 182,000 40,000 149.000 115 1General Carriage......loo 1% 1% State bonds.......... mAerBay Un State Tel (NTelY).25 62 69 78 *84 RR. and mis. bonds 18.513.000 28,060,000 02,487,000 102,143,300 Com General Chemical__1 00 j Emp 100 100 os to 11 list 99 Preferred.......... loo, Erie Teleg A Telep B 47 123 55 Gorham Mfg Co com.100 100! 115 Total bonds__ $18,695,500 $28,129,500 $92,780,000 $102,759,250 Franklin...................100 120 125 Preferred.............. Gold A Stock............ 100 56 57 DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA Hudson IlackcusackMeadows loo 4%s, 1905.................... 51 102 106 58 Hall Signal Co.........TO O River Telepli 100 EXCHANGES 12 Bosto n list 15 Havana Commercial. 100 Mexican Telephone n list 48 Bosto 53 Preferred.............. 100 New Eng Telephone 22 126 Hkr-J ones-J ew’l Mill, pitl 92% 1 53 Northwestern Teleg...100 50 1167 170 00 1 st 6 s 1922............M-S NYANJ Telephone 2 113 111 Herring-Jaall-Marvin 100 5s 1920..................M-N 305 40 78 83 12 std preferred.......... 100 Pacific A Atlantic......25 1100 10 preferred.......... 100 Providence Telephone. 50 110 100 103 Hoboken Land A ImplOOl Southern A Atlantic..25 1,565 $42,000 $38,200 22,873 9,463 9,856 18,753 89,770 41,787 5,541 143.700 Tel Tel A Cable of Am. 15 5 7 5s 1910................M-N 106 Saturday...... 22,457 Monday....... 22 30 International Salt certfs. 187.700 28,417 234,700 3,514 24,161 38,622 Tuesday....... Electric Companies Excli list Internat’l Silver Stk 940 133,500 233,000 35,608 23,871 33,111 Wednesday.. 99 1 0 23 6 s 1948...................J-D Co Lig’tColOO 97,400 AlleghenyEdison 15,798 17,580 167,120 13,943 1,366 Thursday...... 164 166 t....... Iron Steamboat____ 25 Co... 100 Friday......... 45,498 23,155 130,890 29,306 8,364 195,000 Chicago John B Stetson com.. 100 135 155 Edison El 111Brk 4sTranlO N Y Stock Exch 140 Electro-Pneum’ic 1 % 1 % Preferred.............. 100 130 21,290 $799,300 $893,680 171,934 116,983 165,342 Total......... 10 10% Stock Exch General Electric Co N Y Lanston Monotype__20 225 235 200 Lawyers Mort msur.100 196 Hartford (Ct) Elec Lt 100 95 340 185 188 Lawyers’ Surety......100 KingsCo ElecLAPColOO 330 Lawyers’Title Ins...100 94% Narragan (Prov) El Co 50 120 36 38 Lorillard (P)Garden.. pref......100 NYPreferred...............100 A QEl L APowColOO 71 O u ts id e S e c u r itie s 10 73 Madison Sq 100 55 658% 125 2d 6 s 1919............M-N Rholsl Elec Protec ColOO 8% 14 Mex Nat Construe.pflOO 16 United Electric of N J100 13% Monongahela R Coal..50 13% 66 68 4s 1929 Street Railways Street Railways' B i d A35s k Unit 43% It list 443% Ba Preferred................50 Elec Lt APo Co..50 33 Grand Rapids Ry....l00 Mont A Boston Copper.5 v78 Ferry Companies 87 Preferred...............100 35 Indianapolis 34 Mosier Safe Co.........100 1Sa4 100 Bleeck St A4sFul1950--F stk 100 19 101 St Ry S e e Phila list 17 18 99 National Carbon.......100 J-J 1st mort Brooklyn Ferry stocklOO 16% 18 84 S3 % C Hob A Paterson..100 115 248 251 Preferred...............100 B’way A 7th Ave stk.100 NY A B 1st 6 s 19.11. J-J 113 3i 81 Con 5s 1948 1 0 1 %1 0 2 % 4s gN ovi 1949...M-N § 80 Nat Enam’g A Stamp100 100 30 1stmort mort 5s5s1914......J-J 1904...J-D 108 Stock Exch list 1 0 % Metropolitan Ferry 5s... 108 % 82 83 110 110 Lake St (Chic) El stk. 100 Preferred.............. 2d 103 103% 140 72 New Exch list National Surety.......100 Debv5sSt1928............J-J NY1stA5sE 1922...........M-N It Ferry stk.100 § 70 Con 5sSurf 1943 Stock §118 119 33 40 115 Louis Ry 5 s 1930 J AJ 94 95 §113 Central Coal....... 20 B’way 1st 5s gu 1924 113% 80 1 0 2 %LynnA Bos 1st 5s ’24. J-D 71 70 N Y A Hoboken stk.100 N Y Loan A Imp...... 100 2d 6 8 int as rental 1905 * 1 0 1 114 116 MinneapSt Ry5s Stk 30 32 Hob Fy 1st 5s 1946 M-N §1 1 2 %114 N YY Dock BiscuitCo6 s 1911.M-Sj Cent’l Crosstown stk.100 265 280 Exch list 125 89 New Orleans City Ry 100 N Stock! 1st M 6 s 1922......M-N § 1 2 0 § 88 Con 5s 1946..........J-D Excli list 104 106 100 220 Preferred.............. 210 Preferred Stock Cen Pk N A E Riv stk 100 N ew Y ork A New J ersey list 170 Cnnanl 7aOt.h 1902St, stk _J-D 103 North 101 Chic Str stock. 100 1st 4s V1951 stock Excli 105%107 1st A5s23d 1946.............J-J (Thnst’r 1OO Exch 13 195 75 80 13% 185 1st 58 1906-16 J-J N Y EL Tr ($20 pd)10G 10th Sts Ferry 100 28 144 150 list 26 North J ersey St stocklOO §105 108 N Y Realty Corp......100 1st rnort 5s 1919...J-I) ColA 9th Ave 5s Stock 81 81% Union Ferry stock. ..100 44 46 Nicholson File Oo__ 1 0 0 126% 130 4s Ry 1948con................M-N 120 Dry D E B A Bat stk 100 114 Pat 6 s 1931* J-D §129 116 Silver..........100 1st 5s 1920............M-N § 95% 96 Ontario 106 28% 29% Scrip 5s 1914___ F-A 104 2d 6 s 1914........... .A-O §104 Otis Elevator com__100 Railroad 42% 43% 94 95% 410 Rochester Ry (new). 100 400 Preferred.............. Eighth Avenue stock 100 100 93% 93 109 Preferred.............. 100 9% 1 0 % Pittsburg Brewing__50 t 25 % 25% Chic Peo A St L pref.100 Scrip 6 s 1914....... F-A 105 t 44% 45 405 395 Con5s5s1933.............J-D 1930..........A-O 11 10 11 11 10 22 % Preferred................50 42dA Gr StA Ferry stk 100 108 Pittsburg Prior liengg5s4%s’30M AAJS §106 25% % 70 25% 50 2d 101 42d St M St N Ave 100 99% Con mtg 1930.J Coal..........100 90 90% 106%107% 114 30 32% Preferred.............. 100 1st mort 6 s 1910...M-S 1 1 2 So Side El (Chic) stk.100 Income 5s 1930........... 1 0 1 %103 149 151... 101 Ex list 99 list Syracuse Rap Tr 5s 1946 list Pocahontas Pitts Plate Glass......100 Denver ASouthern South’ll StkS tkExch 2dAv income 6 s 1915..J-J 32 32% 127 k Exc nit Rys (St Trans) 100 Detroit Lex A Pav 5s St Coal Subs ... 85% 85 350 95 Preferred...............100 £4% Ex list list Pratt AAWhitn pref. .100 340 Ninth Avenue stock.100 196 2205 KRefg C Ft gSc4sA1936 Mem pf StckS tkExch 89% 22 89% Procter Gamble__100 Second Avenue stocklOO 216 Gen 4s 1934............J-J 202 91% Mex National (w i) ..100 16% 17 106% West Chicago St....... 100 90 Preferred.............. 100 1st mort6 s5s1948......F-A 1909..M-N 4105% 140 100 136 99% 119 Con g 5s 1936......M-N 41 §118 Preferred (w i)......100 Rap T Sub Oper 10 pd lOo Consol 40% 108 180 Sixth Avenue stock..100 170 1 0 1 %1 0 2 Royal Bak Powd pref .100 Prior lien4%8 1926(wi) oC kEx list. 80% Sou Boulev 58 1945..J-J §110 112 80% Rubber Goods Mfg St 1st con 4s 1951 (wi)... 1....... 110 62 RussellCar A Erwin.......25 So FerAvenue 1st 5s 1919...A-O §108 NorAWT est-Poca 4s. 1941 94% 94% Safety list 140 144 Third Stock Exch Heat A Lt 100 Nor Pac new 4s (wi)...... ' 105 Tarry W P A5sM1946A-0 5s 1928 108% 104 107 Cent Union Gas 1st 5s... § 1 1 0 112 Pitts Simmons Hardw com 100 170 104% Nor’nBess Securities (wi) 100 140 1 1 0 %Con Gas (N Y) stock N Y Stock Exc Preferred...............100 YkersStRR A L E....... 50 36% t 36 142 145 2 d preferred.......... 1 0 0 28th A 29th StsSt1ststk.100 5s ’96 400 118 Mutual EquitGascon 5s 1932 100 S ee Stk E x list 114 415 Preferred.................50 t 70list 75 Singer 245 305 260 295 Twenty-Third Mfg Co..........100 alt Gas.............. Seaboard Air Line B Snap Hook A Eye.......... 100 103 New Amsterdam Gas— Deb os 1906............J-J Industrial and ilLiscel 117 1stElec 6% Standard Milling Co. 100 225% 24% Union Ry 1st consol 5s 1948..J-J 109% 1 1 0 % Aberdeen Preferred...............100 Westchest 1stos5s1942 1943F-A J-J 116 Lt Heat A Power Copper....... 25 31 j 30 107% 1 1 0 NYGold list Acker Mer A Condit...6 s Excli 75% 650 76% 5sEastS eRiver e N Y Stock 100 101 5s................................ 640 Standard Oil of N J ..100 list N Y A Gas— Amalg Copper Stock 112 113 Atlan Aveg 1931.......A-O 5s 1909.*A-O §104% Stand Undergd Cable 100 31 220 list 106% Am Agric Cliem B oston 1st 5s 1944.............J-J 112 108 34 Con 5s t 54 Amer Bank Note Co. ..50 113 114 Consol 5e 1945.......J-J 0 6 % Standard Coupler coinlOO 107 109 130 impt 5s Stock Exc Exch 120 Am Bicycle N YStk Preferred...............100 h list list Nor Un 1st 5s 1927.M-N 135 American BB A WECity 5s 1933..A-O 1 0 0 %103 15 Swift Can com... 100 56% Standard Gas com__100 130 A 1910-1914....J-J Co................ 100 § 1100%102% 14% 57% 150 102 Brooklyn stock... 10 155 01 Preferred...............100 245 244 Preferred...............100 1st 5s Con 6s Stock Exch 1 14% list American Chicle Co.. 100 Tennessee Copper......25 81 83 1st 6 s 1930.......... M-N §116 118 14% 90 Preferred...............100 Bkln Crosstn os 1908.J-J 107 Texas A Pacific Coal. 100 Si 83 104 110 Bkn Hgts 1stSub os 1941 A-O Graphophone...lb t 3% 1st Guar 6 s 1908............A-0 §106 105 list 108 Amer Light A Tract. 10U 29 31% Amer 48 % Title 550 Bkln Co A Stk Exch Preferred.................10 A Trust... 100 8 Bkiyn Island Rap Tran Stk Exch list Preferred...............100 Balt 91 list93 Amer Pottery com 100 685% 737 Hide A Leather 100 40% 7 41% 7% Trenton Coney A BklynlOO Preferred...............100 Preferred...............100 325 400 Baltimore Consoiidat S ee 723% 3% 1st 6 s 1903.......... J-J 1 0 0 6s Stock ExCar. eh 100 list 41 41% Trow 102 Directory new. .100 Bay State Gas........... 50 % % American 1 6 sortlsindbt 1903.. J-J 1 0 1 Union Copper............. 10 Palace Binghamton Gas— Brk C AewN1stos5s1939.J-J 20 33 Preferred............... 100 85 Union Steel A Chain. 100 40 §Bos 03to 96list Amer 113 115 90 1938.................A-O 50 Gr StAN ’06 F-A Press Assoc’ii.100 Preferred...............100 105 Boston United bonds 85 106 95 I 76 76% Gr’pt A Lori mer St 1st 6 s 106 10 11 American Screw......100 Union Switch A Signal 50 109 Buffalo C11 y Gas stock 100 80 1....... Kings Co. Elevated— 82 84 95 Preferred.................50 j Amer Shipbuilding... 100 1st 5s bonds................ % 37% list Preferred...............100 95 98 Union Typewr com.. 100 123 1st 4sElec 1949pref......100 Stock Exch list Chicago Gas 74 125 76 Y Stk Exch Nassau 1 0 0 %1 0 1 % Am Soda Foun com.. 100 1 st preferred.......... 1 0 0 S3 85 Cincinnati Gas A EleclOO 2 6 95 21 dst preferred...........loo 5s 1944....... .........A-O 113 115 Col Gas LA Heat.c,om1 0 0 preferred........... 1 0 0 118%120 559 13 60 U2SdCast 1st 4s 1951.............J-J 102 5% 377 preferred........... Iron Pipe... 100 100 Preferred.............. 100 101 94 96 NewWb’g A FI 1st ex 4%s 108 35% Preferred...............100 §106 American surety.......50 1st 5s 1932.............J-J J 03 107 175 185 19% Stein way 1st 6 s 1922 .J-J §116 118 Consol Gas (N J) stk.100 11 81 14 Amer Straw board__100 24 UPreferred...............100! S Cotton Duck......100, 19 90 Bonds 6 s................ F-A 1 0 0 % 79 1 st 5s 1936.............J-J 38 82 42 s Envelope com...100 79 Consuin Gas (J City)— AmTypefoTs stock..100 46 52 UPreferred...............100 Burial 0 Street Ry— Amer Woolen Stock E xch list 1st 6 s 1904..........M-N § 1 0 2 1st consol 5s 1931..F-A §117 118 I)etrolt (;i1 Gas.........50 Exch list 33% 35 Writing Paper. 100 81 % 73 Amer 1% U S Glass common...100 145 Deb 6 s 1917..........A.O §105% 106% Preferred...............100 S ee % 9 % Preferred...............100 140 38% 38% Chicago City stk.100 35 U S ReductARefiulnglOO 30 5s 1919...................J-J 68 190 Essex A Hudson Gas 100 195 70 64 63% Chic u nion Trao coni. 100 Preferred............... Anthracite Goal.......100 100 70 80 11% 1 1 % Fort Wayne (Ind)— 85 84 Preferred.............. 100 Barney A Sin Car......100 1 st mort 6 s ................. 57 60 47 1st 6 s 1926.............J-J 47% 1 2 % 15 Exch Stock Cleveland City tty__100 UUniversal S Steel (Jorpomtion Preferred...............100 112 Gas A Elec Bergen Co 100 27 32 Bliss 127% 130 18 13 Cleve City 1st 5s 1900. J-J Tobacco... 100 Company com__5o 1 30 1 40 103 Grand Rapids Gas— 55 40 Cleveland EJectr Ry.100 §105 107 Preferred...............100 Preferred.................50 71 1st 1915............F-A 130 138 73 13 10 52 Con 1913..........M-S Iron A Coke. 100 48 48 50 Bond Hartford (Ct)Gas........ Gas L...25 AColuinbiaCopper Mon Guar... 100 14259 4509% Va5sCoal Columbus St tty.. 100 23 1949..................M-S 26 Bril’h 100 ii udson Co 47% 50 Preferred..............j Westmgh Brake..50 100 101 % Celluloid Co..............100 O g 1949 . 12030 106 17% 18 CoJiuo tty 00/1 5s 00 Ph Ua101list%103 Indiana White KnobAirMining. 1.00 1177%178% Nat A 111 Gas CentFireworks com. 100 25 Croeet/wn let5s’33.J-D § 1 1 0 1 1 1 1st 6 s 1908..........M-N 48 53 Preferred .............. 69 71 Worthing Pump prei.lOQI 121 123 Buyer pays accrued Interest. 1 Price per share. t Sale price Bhl I A nte i h IiiM < rlnI ii i i <1 >1i i i < ii m (9 \ S ee S to ck s W eek e n d in g J a n 31 1902 S h ares R a i l r o a d iAc B onds F a r v a lu e S ta te B onds u S B onds at ( Oh k < h ( C >•> S rr S ee i W eek e n d in g b a le s at F e w Y o r k S to ck E xch an ge J a n u a r y 1 to J a n 3 1 J a n 31 S ee Oh list S ee S ee 5 S ee S ee S ee P h ila d e lp h ia B o sto n W eek en d in g J a n 31 1902 L is te d sh a res U n lis te d sh ares B ond sa le s L is te d sh ares U n lis te d sh ares B ond sa le s t S ee \ i t F o r W e e k l y -R e v ie w o j O u t s id e M a r k e t S e e 7 t h F a g e P r e c e d in g . B id A sk S ee N E W Y O R K CITY 88 J S ee 10 S ee S ee §112 E x cli list S ee S ee S ee ^ S ee S ee F U see S ee S ee S ee L § § S ee NEW YORK S ee S ee E xch BROOKLYN S ee S ee S ee see S ee O T H E R CITIES S ee S ee (4 1 S ee Oh u Gas 60 S ee S ee N O T H E R CITIES S ee y D e t ' t G a s b ’d s N Y Stk HU S et Oh Oh \ (O ) h S ee '< THE 262 B o sto n , P h ila d e lp h ia and B a ltim o r e CH R O N ICLE S to c k “ 31* e r e r t l o e a -IMot P e r O ^ f i l a m P r k s * . S a iu r d a y t J a n . 25. *48 170 245 lea 193 165 j&a us *73% 73k 63 k *53 • u * 149 33k 38k ♦38 «*% .id 28 -id* im 210 210 *74% 74 k *?% 2 7k *40% 40k mo is id i% JHk 24k 46% 4BU 1*00% 100% *80 88k 3634 33k r» « . «»» 2434 94J4 71 78k " i l k 2*k ♦82k 83k k 1241* 188 11134 11734 168 I5d% 686 685 3434 14k 13 13 *•M« •H I M 83k W H 89k 8134 61k 31 m 77k M on d a y, J a n . 27. 8«3% 303k 166M 170 245 194<y 193 * i 04 *183 72 72 58k 68k 143 144 36 k 86k *a«% 3 3k 98k 9*k 28 ♦10314 210% 210k 74 74k 87k 2 ?k 40k 40 k 4 24k 24k 4 «k 43k 9944 100 87k 36k adk w « i4 k 94 k 9434 71k 78% 22k 22k 88k 84 *34 % **■**** ’ ***** 124 126 116 117 168k 159k 585 500 24k 34k U k 12 03k 63k •**&-*» 09 k 69k 00k 08k 19k 20k i *•a** 77k *89* 00 ♦3934 90 140 140 *140 22 22k i l k 33 $ 3-10 834 8 k 8 8-10 14k 1 4 k 18k i m 1163411634 116 116% 48k 48% 48k 49 39 39 k 29k 88k n i k 12 H k 13 >itis* »•***» *4 4 4 A4 » m u 88 88 * *......... 90 a 90 ♦Bid find saked pries* T u esd a y, J a n , 28. TAursday, /art. 30. F rid a y, J a n . 31. - A Oailv and Y e a r lv R e c o rd Male$ o f the, W eek . S h a re* A C T IV E 8 T O G K 8 . U In d icates unlisted* R a ilr o a d *283 *208 403 264 Boston A Albany Boston) ...100 ***** 283 203 165 100 106 160 Boston Elevated, tail paid,. 44 le a k i^ o k * L08 •..100 B . * , -245 *346 *46 240 *24 5 Boston A L o w e l l M w. .100 193 100 198 19 8 k 198 192k 193 Boston & Main©,,................. “ ...100 *102k 41 155k 185 k 185% 155k Ohio, Juno, A On. Stock Yds. 159k 156k 155k 158 l 35 tad 132 133 -188 Preferred *4 v. .100 71% 7i% Choc. Okla, A Gh, trust oerts. (Phlla.v, . .. 50 *71k 78 “71k 78 ik 72k 53% Preferred Thr, eertfa u 63% 03% ‘88 58k ... 50 53k 63% ♦53 144 144 144% 144k 144k 145 144k 144k Fitchburg, p r e f,.,,,.......... (Boston). ...100 3B% 30% 38% 88* 36k 30k 80% Lehigh Yalley........ ............. (Phila.)‘, ,,, 60 38 *33 88 88% Massachusetts sheet. Co* Boston), .,,100 53k 88 ha 83k 84 98 9* 93 28% 9 9k » » * Preferred,, ..... .................. « c » * *.,100 0234 * 29 29 29 .,,10 0 *»:>* 29% 3Bk 3B* Mexican CentralV. , 11U *1 04 105 Northern Central.. . . . 1. . . . . . ( Balt ) . ... 50 *10 4 •**,,. 810 210 210 8I0k •a tow «... *2io% Old C o l o n y . ( B o s t o n ) . ...100 74% 76 74% 74% 74k 74k 74k 74k PennaylTania...,.*________ (Phila,). ... 60 21% 27% 28 a 50 Heading Company........ “ . 41 _ 40k 4 0% *40% 41 1st p r e f e r r e d , . 44 40% 15-10 41 ... 50 31 3-10 31% 31% 31 6 -10 81% 8i% 3d preferred.. 0 “ , .. . 50 34% *44% 25 24% 24% Seaboard Air Line ............. (Balt,) , ,,.100 *4 * 24% « « Httk 45% 46% 40% 4m 40% 48% 40% Preferred . . . . . . . . . . . . . . . . . . 44 ...100 l u i k i o ik 10I k 102 101% 101% 103 108* Onlon Pacifto........... Boston) * ...100 88 8Hk 89 89 % Preferred ..... ....................* «7 k 88% 88% u ...100 84% 34k 84% 8*k Union Traction, 017% paid. (Fhila.), 84k 85 34k 35 50 16 14U 15 16k 15k 15k 16k 15% United Ry & Blec. Oo. . , mm (Balt.) . 50 04% » « * 95 West Bind Street. ................ *(Boston). .. . 50 0>k 94k 94% W4* 95 [R ls o slla n e o a s S to c k s , 74% 77% ’ 5 * 77 7 i * 70% 7 6 * 7 - k Amalgamated Cop pert ..., .(Boston) *...100 22 22 *22 21% 8i% “ ,.,.10 0 i i k m u Amer. Agricnl. Chemical \ §?% 84 84 84 84 84 88 88 84* Preferred T.............. k‘ ...100 V % American A l k a l i . (Fhila.)« ... 50 H k *% •% k ** » »♦■*•** i »•*»* MM •*1** ****41 Preferred, 010 paid 44 •m 50 126 138% 186% 128% 124k 125k 123k 128 American Sugar Redoing 1 .(Boston). ,,,100 117 117% 117k U 7 k 117 117% 1 17 117% Preferred 1 . . . . ................... (i ,..100 153 168k 168% 189 15834 150 158% 159 Amer. Telephone & Tel, Go.. “ .,.100 690 600 635 030 Calumet A Qecla .................. 600 815 015 03S 44 ... 25 34* 24% *33% 24 Camb.Steel. 018% paidrectB.(PhU&.) . .. . 50 34k 34% «4% 2 m 13 18% 14 18* 13% I * * Centennial M i n i n g . , , , , ( B o a t o n ) . .. . 35 i » k 18k . (Balt.) , ,,.100 88k 03% 00% 63% 03^ 03 ha 08% 034t Consolidated Oa* 22% 23% 22% 23% 33% 22% 23^ Consol. Lake S uperior.,,,,, (iPhlla.) , ,,,100 88% 09% 09% «WJ4 08k 09% 09k Preferred...... ..................... ,,.100 44 04 0 8 « 63% 0 3 * 64 Dominion Coal Boston). .,,100 «8M 04 «*K 21 30 31 80 21 81 *2o 21 Brie T e l e p h o n e . . 4< ,,,100 ♦ MM 77k 70% Lehigh Coal & NaTlgation... (Fhila.) ♦... 50 77k *75 70k 70k * 8% 8% Marsden Co7 8% 44 u4,.100 3k a k k k k National Asphalt f *,« So ik *1% 1% P r e f e r r e d ? “ 1k . >.. sn i* Ik 90 90 * 4..,* 90 90 . . . . . . <«»0•l New ang. Cotton Yam, prof. (Boston). .,a o o >140 141 141 U40 •*«««» *140 New England Telephone___ 44 ...100 23 23 Old Dominion Copper a “ i l k S3 82k 28 ... 35 s* 3 k S 8-18 8 8-1* 8% 8 * Philadelphia alec.? 5 paid., (Phila.), 3% 8 8-16 18 14 18% 13% M. . . . . . (Boston)» 13k is k i i k Trinity Mining 25 116 •118k ****** .****« 115% 116 ♦lie 117 United Q-as ImproTement 1. (Phila,). .. . 50 48 48% 49 48% 49 United Shoe Machinery,,,♦ .(B oston), ... 25 43k 49 4 8* 22k 29% 29 29k 29% 23 Preferred 29k *29 ... 25 13 18 12 12 X I* i i « u 25 * n * 1 3* United States O i l . e•.«•••• . . .. . . •••H24 24 WelsbachOo, ......... ».... • MM* •»* *** (Phila.). o .a o o 4 1 38^ 90 *S7^ 90 87k Westingh. Mectric A M fg.,. (Boston) . .. 50 * 87k 90 90 90 * 90 Pr«f«TT«6 . . . 1__ ___ ____ *• Pin 89 90 no sal© was aiade. a 30 5-18 30 11-16 b 87 9-10 23 3-10 0 80 18-10 31 7-10 4 INACTIVE STOCKS Bid. AsiE, &AILROAB8 .—P r ia m Amer. Railways (Phil) 50 Asi M Charlotte (Balt) 100 $08 ik Maine pf, (Bo»t) 100 tfoifcm & P tot, 44 100 Conn & Paasum 44 100 Conn Riyer**** 44 100 D©n®ol Tr Pitts?(Phil) 60 P r e f L , ** 50 &* South & Fla.(Balt) 100 l i t ere!.,***, “ 100 p r e f 4< 100 SEnnant’n Pass (Phil) 50 Hestonv M & T “ 50 P r e f ...,........ “ 60 Ends Street..*.. 4S 100 Little Schuylk. 44 50 Main® Central, (Bost) 100 M ineM il& SM .lPhil) 50 ifesQuehon^g V. “ 50 Morth Penn,,., 44 50 Pere Marqu’t«.(Bost) 100 Pref. “ 100 Fkil Germ & N.(Phil) 50 Phila, Traction 44 50 RysCo General? “ hh l&utland pref •.•(Bost) 100 United N J•*.*, (Phil) 100 UnPowJs Trans 44 S5 West Bnd pref. (Bost) 50 West Jer & BS.(Phil) 50 W estN Y & P a. 44 50 Wis Cent, new. (Bost) 100 Pref,.-, ...•„• 44 100 Wor Nash & B. 44 100 MiSOBLLANaoUS. Mlonea Mining (Bost) 25 Amer. Cement, (Phil) 10 Am Gold Dredg(Bost) 10 Amer, I. &S .. (Phil) 50 AmPneumSerriBost) 50 Pref 41 50 Arcadian..ae8ae 44 25 Arnold Mining, 44 25 Atlantic Minsg. 44 25 Baltic Mining, * 44 25 M tfcS t#el.......(3Pktt) 60 Boston Sleo Lt.(Bost) 100 Cambria Don.,(Phil) 50 Camb SDrexel r e c t44 .♦.* Canton Co........ (Balt) 100 Central Oil..*,,(Bost) 35 ConMercur gold 44 5 0wnb Tel & Tel “ 100 Daly-West Min 44 20 DanT Bessemer (Phil) 1% BeXiong H A B w 10 ©iam State S t M 10 W ed n esd a y J a n . 29 Exchanges [Y ol. l x x i v , Jan, 44% 105 171 306 165 285 28 m «,t 48 98% 78 145% 5a4«Q ?3 * ♦. eet JJOSli 175 61* um i 109% a39699 88 31 , S*t 04 SMJi .0*144 i o*»e* • 53k 100 80 150 1« 999• -4«•*. MM* *D« 4« 9 **t * MMM 78 85 98 *00( « 4% 1X7* 118% *eaes 4 **0*0■ iie ' 16««• ItMt HM9v ,400., «•»t •4696, S% m 4 m 'H 26 40 •:i ^ 48 m >**♦ Sk 5 29 8 1 27% 40% in•e 97 -- 98 7 10 1% m 123 129 29 10 H 1% *e•* ___ ! L18k 39% m ©omiii Coai p£ (Bost)ibo 117 Bom Iron & S.tf 44 . . . . B8M Baston Con EL (Phil) 50 Edison El 111;.,(Bost) 100 250 BleeCoolAmU (Phil) 50 m Eranklin Min* g. (Bout) 25 H ©eneraJ E lect.. flfi 100 378 44 100 PreL........ . G-B-S. Brewing(Balt) 11* Ind-EgypOom (Bost) 100 la t But H & B M 44 10 lk la t 8P<feDynam(Phil) 50 Isly Boyaletf.. (Boat) 26 24 Mamufac R ub.. (Phil) 50 S55 14k 880 13 3k 2 4* Bid. Ask. MTRCELL.—Concluded, Mfd Rubberpfd(Phil) 50 M*m Mergenthaler . ( Bost) 100 v i o ' 173 s Mex i elephone 10 2% MtVerCosDuck(Balt) .*,4 I l k 13 5 JMewiitogG-sdsC 1 (Bost) ,*4 m New Hav I & S. (Phil) 5 *** 8 Old Col Mining. (Boat) 35 3% Osceola Mining. 44 25 87^ 88% Palmetto C o....(P hil) 35 „ H Parrott Sil&Cop (Bost) 10 88 83* Penn SlecY eh.(P hil) 50 »•*»» >Mtl B% Pref. •**,•••«• 44 50 Pennsyl Salt,., 44 50 112 ■490•* Pennayl Steel *• 44 mm , , , , , , MHM Pref . . . .oe,9«e b4 100 84% 9#* Phila Co . , u ,u 44 50 46k •*O9 10 12 PlantersCompt (Bost) 10 0 Quincy Mining, 44 85 140 145 8 Rhode lalMim. 44 25 m 1 Santa Ysabel Q 44 5 k Seattle Electric 44 100 59 MM. P ref...,. 0409 44 ICO 107 2 Basque I & 87. *(Phil) 5 Tamarack Min. (Best) 35 270 274 Tidewater St.. •(Phil) 10 27 Torrir^ton44A ,,(Bost) 35 m Pref... , , ato,», 44 85 28 >*6*®* l 3 U n C op L & M ’g 64 85 35 UnEUL&Powpf (Balt) 50 82 89 United Fruit (Bost) .100 89% U S Mining ,04, “ 25 l ? k 17% Utah Mining,. 64 4°85 26% a s * 5 W arwickI &S*(Phil) 10 Westm rel Coal 4i 50 “ 2 Winona Mining (Beast) 25 Wolverine Min, 44 35 2 “ 54 B©iid®—JB» Am Beil Tel 4s,.1908 J&J § 99 100 A T&S F gen g 4s. J95 A^O |l03 102k Adjustment g 4g,,1995 I e sk 04 Boston Term’l8%s.,1947 §115 Bos Un Gas 1st 5s.’ 39 J&J I 83 U85* 3d M 5 s.,048..1939 J&J I 54 58 Bur& Mo B1t ex’pt 6s. J&J |ll9% MltM Non-exempt 0s. ’ 18 J&J »**»«« Sink fund 4®, ,1910 J&J Cent Y t 1st 4s 1980,.Q-F f 8 8 * 89% Ch Bur A Q 4»,1922 F^A § io o k Iowa Div is.1919 A AO *646« Chicago June 5s. 1915 J&J |l09 110 Ch St No M gu 5s/8 1 M&N |109 Chi &W M gen 5s/21 J AD 3109 Curr’fc RiT 1st 58/27 AAO ^104k B O E i W l e t 4 s / 40 A 4 0 ^100% 10 s Domin Goal IstBs,113MAS §110 113 ^ast’n ist M 6s g/06 MAS §110 Il8 Fr ElfcAM Y 1st 08 ’ 38 end §135 UnstVd 1st 0S/33 AAO §135 Illin Steel conv 5s / 10 JAJ § i ©••> Debenture 5s. 1918 A AO §100k j *a•• K C CA S 1st 5s g/25 A&O Sio«% K C Ft SAG 1st 7s/08 JAD ^ il^ k E O F SAMcon 6s.'28MAN §124^ R C M A B lflt4 »,/3 4 MAS $ 98% 09 Income 5a................. ..* 9ak 95 E CA M RyAB 6s. ’80 A AO §107 -«4•«1 K 0 S tJ o A C B 7 » /0 7 JAJ n i5 % i imi LEpckAF S 1st 7 */ 0 5 J&i n o 5 Mar H A Ont 0S../25 A AO 1118 88 Mex Cent 4«g. .1911 JAJ S 83 l it con Inc 8s g non-oum 33 33 3d con Inc 8» taon-cum.* 23 38k STOCKS—BONDS BONDS B e e to n —Concluded. NewBng congen5e’ 45J&J N H CotYarn 5s 1929F&A N H Gas A C i s t 5 s .. 1937 New Bng Tele 5 s / 10 A AO 6s «1907 AAO N Y A N Eng 1st 7 8 /0 5 JAJ 1st mort 08.. ..1906 JAJ Rutland l i t 8s . / 0 2 MAN Rut-Can 1st 4a 1049 JAJ Beat Mee 1st 5sl 980FA A Torrington 1st 5s 1 9 1 8 ... W est End St 5s. /0 B MAN 4% b . , , * . , , , , , 1 9 1 4 MAS Deb 4 s . 1910 MAN B e n d s—B a l t i m o r e . Anacostia A Pot e5s Atl A Ch 1st 7s* 1907 JAJ Atl Coast L ctfs 5@ . . JAD BaltCPaalst 5a. 1911 MAN Balt Fundg 5b, 1910 MAN Exchange 3%a. 1930JAJ Funding, 8%s, 195 3JAJ BaitAPlst0sml 1911 A&-0 1st 0s tunnel 1011..JAJ Hal Trac 1st 50.19B9MAN No BaltDiy 5s. 1042JAD Cony’rtible 5$1906MAN Central Ry 0s,. .1912 JAJ Consol 5 s ., ,, 19SB MAN E xt A Imp 5S.1932MAS Chas City Ry 1st 5s ’ 28 JAJ Chas Ry G A El 5s ’ 99 MAS CharlCAA 8xt5s.l909JAJ 3d 7s 1010 * * ,,* ,,.AAO CltyABub 1st 5fiol922JAD CityABub( Wash) Xst5®’ 48 ColAGrnTl0t5-0ol917JAJ Coneoi Gas 0s. .1910 JAB 5 s .,,,, •••••••1939 JAD Ga AAlalstpf5e 1945AAO GaCarANlstSsg. 1929JAJ GeorgiaPlst5-6e 1932JAJ GaSo&Fla lst5s.l945J A J G-B-S Brewing S-4s 1951. Income. •«•«••««.«« . , , •« KnoxyTrao lst5s ’ 28 AAO Lake R El IstguSs^SM&B Metftt(Wash ^1*t Bs’ ORF a MtVernon OotDuck 1st 5s Income New url Gas 1st 5®.. .Yar NewpNAOPlstbs’ S8M&N Norfolk St 1st £5s ’ 44. JAJ NorthCent 4%s,1925AAO 6s 1904, •„•••• ,.*JAJ Series A 5s 1928.,, .JAJ Soria® B 5 b 1926**,,JAJ Pitt Un Trac 5a. 1007 JAJ PotomYal 1st 5s. 1941 JAJ SeoAvTn(Pltt*)5s‘84j &D Say Fla A W est 5a >34 A AO Seaboard A L 4s 1 9 5 0 ,,,, Saab A Roan 56.1926 JAJ So-Bound let 5s *41.AAO* OnEl LAPlst4ks*S9MAN Un Ry A M l» t 4 i,49.M AS Income 4s 1 9 4 9 .,,,JAD Yirg Mid 1st 0S.19O6 MAS 3d aeries 6 s., 1911 MAS Sd aeries 0 s .. 1916 MAS 4th ser 3-4-6s.l931M AS 6D1 series 6*. 1996 MAS Bid* A s k . 1 ....... 1103 1 56 108% 55% 5 »«, «* M(J1! f 100k U 0« k «««<M >* not *«, 4** §103 5i0S% 106 5 ,66, t. i *••« 103 f - ***0, *»*9* 97 USfc 98 *.,»•» 108 no 132 18»% 109% n o % ••»0 0 1*0. 119 ISO 117 119 130% IBS 101 101* .6 . •»« 118 118 105 80 118 130 100 92 Itn 114% 115% 94 m 131 •«* nm 0 4••4• 1 X 5* 1 1 5 * 110% 130 118% 49% 80 97 180% 118 83 47% 104% 111 118 106 181 1S1 115% 117% U 8% ns 84 u i% •»»•-•« X18 •»**** ,, 0«•• 100 ,8 4 48 100 . , e•4• t». »« 0 .*4©** 110 118% 110 , V 84% m % 111 80 83 95% 05% 08% 08% 109% 116 133 113 118% 117 108 862 38 13? 48* 17 160 184 00 843 656 209 890 81 897 83,899 980 18V077 8,160 1,766 1,958 457 36,191 4,440 981 50,857 1,000 803 82,814 446 2,196 219 2,983 5,890 2,129 839 810 4/373 818 10 2,400 170 89 20 18 0,015 18,408 6*117 295 2,160 1,152 808 100 100 154 R a n g e o f S a le * i n L o w e * i. 1901. H ig h est 261 Jan. 3 206 Apr. 16 169% Jan. 16 100 July 17 288 July 8 348 Apr. 23 189 Deo 2 200 Apr. 24 143% Jan, 01 103 June 19 120 Jan 87% Jan. 38 80% Not. Id 45 Feb. $0 59% May 10 189 Jan. 19 148 Apr. 28 28% Jan. 4 39% May 1 24 Jan, 20 45 July 1 77% Jan. 17 98 June Ul 18% Jan. 20 90k May 1 88% Jan. 10 106% Deo 2 205 Jam 2 ataii Apr. at* 09 May 9 8 1 Apr. 30 12% Jan. 4 38k Deo, 30 32 8-16Jan.26 4 4% Deo. 80 19 Jan. 4 83 8-16Deo.81 9% Jan. 81 30% Jane 21 34% Jan. 81 54% Sept. 80 7 8* Jan. 4 133% May » 82 Jan. 1 09 May 1 24% June 10 37 Jan. 2 14 Deo. 19 18% Mar. 29 92% Jan. 8 00 Apr. 28 0r% Dec 17 120% June 18 20 Oct. 8 a % June 18 79% Dec. 14 91 June 18 % Deo. 0 2% Jan. 18 H Mar. 4 % Apr. 28 108 Deo, 34 153k June 3 113 D«o 24 180 July 19 151 Jan. S:4 l 83 May 22 585 Dec. 20 800 Mar. 5 15% Mar. 7 3i% June 11 10% Dec. 30 84% May 2 68 Jan. 30 05% July 10 30% D a 0 SSk Apr, 12 40 Feb. i l 70 Aug. 8 33 May 15 58% Dec, 81 15 Dec. 4 09 Jan. 2 62% Jan. n 79% Apr. 12 7% Jan. 8 $% Dec. 9 8% Feb. IS % Deo. 8 8 16 Feb. IS 88 Deo. 7 99 Jan, 3 127% Jan. 4 140 Apr. IS 20% Deo. 17 38% Mar. 5 4% Dec, 4 BM Feb. 18 10 Dec. 7 41 June SO 118 Sept. 18 128% Jan, 2 30% Feb. 4 48k Not. 14 23% Jan. 4 30 Sept. 0 10% Deo. 17 17 Mar. 20 38 Dec 12 65 Apr. 12 54 Jan. 10 80% Deo. 37 Sin Tart 01 Deo. 81 " a 97 13-10 28 8-10 Bid. A 0 ^ ’ BONDS B a lttm © r © —Conciu’ d. 99M 100 Ya (State) 3s new/S8JAJ 100% Fund debtB-SK, 1991 JAJ W est N C con 6s. 1914 JAJ 119 W estY aC & P lsteg/11 JAJ U 4 % 114% W il A Weld 5 s .. 1035 JAJ 180 Bam ds— Piiiladleftpbla Alle Y y E ext 7s 1010 A AO 122% 124 89 38 Asphalt Co 5s tr ctfs 1940 A t! City 1st 5®g . / 19 MAN 118 *••••• 95 Balls Ter 1st 58,1936 JAD >•««»* Berg&BBrewlstSs’SlJAJ Cambria Iron 6s. 1917 JAJ «*««, 58 Ches&D Can 1st5 s, ’ 16 J & CkooAMem l st5»l 948JAJ XX 5 * 110 Choc Ok AG- gen 5s’ 19J&J 110 no* Oit’s’StRy(Ind)con 5 s /3d 100% , *n«*.. Colum St Ry 1st con 5 s / SB »*’4804 1 1 0 * •**«9C Con Trac of N J 1st 5 s ./3 Dei A B Bk 1st 7a.105 FAA U 4% EastAA 1st M 5a, ’20 M A Edison Elec 5s stk tr ctfs 98 M ecA Peop’s Tr stk tr ctfs ElmAWIlm 1st 0 s / 10 JA<i 107 Mini Income 5s0.,.2 8 6 2 AAO Eq HI Gas-L le tg 5s.l98S 107% •MdM •»» Hestonv M A F con 5®/2 4 ****** H A B Top con 5®/35 A AO 1 1 86 86 Indianapolis Ry is •. 1933 Lehigh Nay 4% 8, /14 Q-J i l l »«•«• RR 4s g .,,,,,,1 9 1 4 Q-F Gen M 4%®g, .1924 Q-F n o Leh Y C ’l 1st 5s g /3 3 JAJ 109% 110 Leh Y al ext 4s*, 1948 JAD 11? MttM 138 3d 7 s .,,,.,,^ X 9 1 0 >•••«* Consol 6 s .,,,*1 9 2 8 JAD 134 Annuity 0 s ...,,,,,• J A D «***•* **4 •« 1 U »•***« m t Asphalt 5s, 1951 .JAJ New’k Con Gas 5s ’ 4 8 JAD »*»•#* Newark Pass con 58.1930 , •, • ***** NYPhilANorlst4s ’ S8JAJ 84 Income 4g., ,1989 MAN No Penn 1st 4s./S 6 MA-N . ♦•♦ 1 •44« » Gen M 7s 19 03 J Aj 108% Penn gen 6« r ,.,1 9 1 0 Yar <*•«*• Consol 6s c,*»*1905 Yar 10 s Consol 5a r , ,. .1919 Yar IU 'MM4 Penn A Md Steel con 0», U 0 * »*•*■»* 1»*«1 *»<«» Pa A N Y Can 7 » ./0 8 JAD 109% Oonsi 5 s 1889 Cons 4 s ......1 9 8 9 AAO Penn Steel 1st5s.117 MAN »* 1 People’s Tr tr certs 4 s /4 3 105% 106% 95% •»»*v Phila Elec gold trust ctfs 59 Trust eertfs 4s. ,**•**,, PhAEr gen M 5 g /8 0 AAO 133 •m u Gen M 4s g ,, 1930 AAO x o y * ****** Ph A Read 2d 5®, '38 AAO <•«*•, ♦*»*»* ConsolM 7 s .,1911 JAB 137 . ***** Con M 6 s g ... 191.1 JAB 181 •»♦*♦* E xtI mp M4a g /4 7 AAO 108% tl*H Con M of '83 4 s /8 7 j .v. Terminal 5s g, 1941 Q- ? 135 ****** P W il & Balt 4s. 1017 AA<1 i o i Coliati trust 44.1881 JAJ ■ Read Co gen 4a, 1987 JA i •8* m u Rochester Ry con 6 s, 188 0 'll *** M* 8 O&RBSldftl StS* gv3 5JA D II I ****** Scran Trac 1st t% '88MAN UnTraoPitts g«n5s"97 j aj 115 ***** 68 Welibaeh « t 5s 1880DAD 4***4* IAnd interest. ♦Price Includes overdue COWIPO ns. F ebruary 1, 1 9 0 2 .] fH E (]BRONLCLB a tx x l R a ilr o a d RAILROAD 263 % u U llx Q m u . EARNINGS. The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly n can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the la columns the earnings for the period from J u ly fl to and including such latest week or month. T h e retu rn s o f the str e e t r a ilw a y s a r e b r o u g h t to g eth er se p a r a te ly on a su b seq u en t p a g e. N o t i c e tJIianggc—Our yearly totals now all date from J u ly 1. Latest Gross Warnings HOADS Week or Month Novem ber A d iro n d a ck .. A la OH Southern. 3 d w k Jan. A l a N O fa ie x a s Pac June. N O fa N o E a st. 1st w k Jan Ala<fe Vicksb'g 1st w k Jan Vioksb Sh fa P . 1st w k Jan A n n A rb o r............ 3d wk Jan. A n n W ash & B a l. N ovem ber A tch T op & S F e. D ecem ber. A tla n ta fa C h ar.. Novem ber A t l K n o x v fa N o . Decem ber. A tla n tic & Birm . December. A t l Coast L i n e ... Novem ber A t l V aid fa W est. December. B a lt fa A n n S L .. Novem ber B a lt fa O hio— > December. B & O Soutliw . \ B an gor fa Aroost N ovem ber B a th fa H am m on N ovem ber B ella Zanes & Cin O c to b e r ... B ellefonte C ent’] Decem ber. B r id g t fa Saco R . N ovem ber Bull' A ttic a & A rc N ovem ber B uff R och fa Pitts 3d w k Jan. Buffalo & S u s q ... D ecem ber. B u rl C R ap & No Decem ber. Canadian Pacific 3d w k Jan. C e n t ! of Georgia 3 d w k Jan. C en t’l N ew E n g .. D ecem ber CentT of N J ersey N o v em b er Central P a cilic.. O ctober. .. C h attan South’n . 3 d w k Jan. Chesap fa O h io ... 3d w k Jan. Chic «fe A lto n R y . Decem ber Chic B url fa Quin N ovem ber Chic fa E Illin ois. 3d w k Jan. Chic G t W estern. 3d wk Jan. Chic In d & L 'v . . . 3d w k Jan. Chic M ilw <fc St P 4 th w k D e c Chic & North W 'n Decem ber. Chic Peo & St L . . Decem ber. C h i c R I & P a c . . . N ovem ber Chic St P M fa O . D ecem ber. Chic Term T r RR 3 d w k Jan. Choc Okl & G u lf. 3d w k Jan. O in N O & T P a c . 3 d w k Jan. Cl Cin Ch fa S t L . 3 d w k Jan. Peoria <fcEast'n 3 d w k Jan. Clev L or fa Wheel Decem ber. Colorado fa South 3 d w k Jan. Col N ew b & L a u . N o v em ber Col Sand fa Hock 4 th w kD ec C ornw all & L e b .. N ovem ber C u m b e r! d Valley N ovem ber D en v er fa R io Gr 3 d w k Jan. D etroit Southern. 3d w k Jau D e t fa M ackinac, N ovem ber D u lS o Sh & A t l .. 3 d w k Jan. E 8 t L & Carond. Decem ber.E r i e .......................... D ecem ber. E v a n sv fa Indian 3d w k Jan. E v a n sv fa T H . . . 3 d w k Jan. F a rm v fa Pow hat N ovem ber F t W & D eny City N ovem ber Georgia R R .......... N ovem ber G a South fa F la .. Decem ber. G ila V a l G & N .. Decem ber. G r T runk System 3d w k J an. G r T r fa W est'n 2d w h Jan. P e t G r H & M . . 2 d w k Jan. G reat N orth 'n — St P M inn fa M . Decem ber. E a st'n o f M in n . December. M on tan a Cent'l Decem ber. T ota l system . December. H ocking V a lle y .. 3d wk Jan. H o us fa T e x Cent O c t o b e r ... Illin ois C en tra l.. December. Illin ois Southern Decem ber. In d D ec fa W est'n J u ly ............ In d 111 fa I o w a ... O c to b e r ... In t fa G t North'll 3d w k Jan. In tero c (M e x ). Wk Jan. 11 Io w a C en tral___ :d w k Jan. Iron R a ilw a y ___ December. K an aw ha fa Mich 3d wk Jan. Kan City South'll Decem ber. Lehigh fa Hudson Decern ber. Lehigh V al R R .. December. Leh tfal Coal Co. Dt cember. L ex ln g fa E a st'n . Novem ber L on g Islan d . . Novem ber Lou lie n fa 8 t L . . December. L ou isv fa N ash v. 3d wk Jan. M acon fa B ir m .. December. M an Is & No E ast Novem ber M anJstique. . December. M aryland & Penn Novem ber {Mexican Central d wk Jan. M exican intern'J Novem ber {M exican N a t 'l.. 3d wk Jan. t M exican R y ___ Wk Jan. 11 M exican Ho nth* n 1st wk Jan C u rren t Y ea r S 1 0 ,1 4 3 4 9 ,7 3 4 3 1 ,0 0 0 1 7 ,0 0 0 1 9 ,0 0 0 3 4 ,0 4 8 0 ,7 9 3 5 ,3 2 8 ,9 5 3 2 5 8 ,4 8 9 4 5 ,5 0 8 1 1 ,8 7 3 0 0 0 ,2 0 8 2 1 ,1 9 8 9 ,1 7 1 P r e v i ou s Y ear $ 1 3 ,0 4 2 4 4 ,4 1 0 Inly 1 to L a test D a te C u rren t Year $ 9 2 ,7 5 5 1 ,3 9 8 ,2 3 1 Previous Y ear $ 8 3 ,7 7 3 1 ,2 3 3 ,5 3 0 2 9 ,0 0 0 1 ,0 2 9 ,9 1 5 1 ,0 1 2 ,0 0 4 1 8 ,0 0 0 5 4 7 ,3 8 5 4 8 3 ,9 0 0 5 3 5 .7 0 9 1 6 ,0 0 0 4 7 1 ,1 8 1 1 ,0 0 5 ,3 1 7 9 7 1 ,5 5 4 2 8 ,3 0 7 5 ,2 3 5 3 8 ,2 0 3 2 6 ,0 7 7 -1,756,629 3 0 ,8 7 6 ,2 5 0 2 0 ,9 4 0 ,0 1 0 2 4 9 .3 5 3 1 ,2 5 4 ,0 1 7 1 ,2 0 8 ,5 2 9 3 0 8 ,0 9 8 3 9 ,5 1 7 2 4 4 ,5 9 2 0 0 ,0 3 0 0 ,3 1 8 3 2 ,7 3 7 6 1 9 ,1 0 9 3 ,1 2 4 ,8 2 8 3 ,0 0 4 ,2 0 5 1 3 1 ,0 5 8 1 8 ,9 8 5 1 0 9 ,3 8 9 4 0 ,8 0 4 4 0 ,7 5 4 8 ,0 8 5 4 ,2 0 9 ,5 7 5 4 ,0 7 0 ,0 2 0 2 0 ,0 3 6 ,9 1 0 2 3 ,5 5 6 ,3 7 7 1 4 0 ,3 1 1 5 ,0 4 3 1 5 ,9 5 2 4 ,8 0 8 3 ,0 8 9 2 ,1 1 0 1 1 2 ,8 0 0 0 9 ,0 3 0 4 0 0 ,8 1 0 0 0 0 ,0 0 0 1 7 7 .0 0 0 4 8 ,9 2 0 1 ,5 1 3 ,0 4 7 1 ,9 3 5 ,4 5 5 1 ,7 4 9 2 9 1 ,8 0 5 7 0 1 ,0 9 2 4 ,5 9 0 ,2 0 5 1 0 0 ,9 7 4 1 3 1 ,0 3 8 7 8 .9 2 2 1 ,3 5 3 ,3 7 7 3 ,0 1 8 ,7 7 3 1 1 9 ,3 3 4 2 ,4 8 9 ,1 8 8 9 8 0 ,2 5 9 3 1 .2 8 5 *1 0 1 ,3 3 8 9 9 .2 0 9 3 2 0 ,2 0 1 4 7 .2 0 9 1 8 3 ,7 7 6 1 2 0 ,1 4 0 1 4 ,9 2 8 2 9 ,5 7 8 2 8 ,7 0 0 9 5 ,8 2 3 2 1 2 ,8 0 0 2 5 ,0 8 2 6 3 ,1 6 0 4 5 ,5 0 1 1 2 ,1 9 2 3 ,1 0 5 ,1 7 2 5 ,8 7 5 2 5 .2 8 6 0 ,0 2 5 2 2 1 ,2 1 4 1 8 7 ,6 6 4 1 0 9 ,9 5 7 3 2 ,4 8 9 5 2 5 ,3 0 0 9 4 .9 2 3 2 5 ,5 5 5 1 1 3 ,0 7 3 5 ,9 9 7 1 9 ,4 9 9 4 ,4 2 2 3 ,9 2 4 2 ,8 2 9 1 0 4 ,7 1 4 6 3 ,9 3 2 4 1 4 ,0 3 4 4 4 8 .0 0 0 1 5 3 ,7 4 0 0 5 ,5 4 5 1 ,3 8 0 ,2 6 7 1 ,8 7 2 ,6 3 8 1 ,9 5 8 2 8 2 ,2 7 " 7 6 6 ,4 8 8 3 ,9 0 5 ,7 8 0 1 3 6 ,1 7 7 1 2 1 ,4 9 0 7 0 ,2 3 7 1 ,2 4 7 ,2 9 9 3 ,2 9 3 ,0 3 4 1 3 2 ,1 0 1 2 ,1 3 0 ,2 6 0 8 8 9 ,7 5 2 2 6 ,0 3 5 * 7 8 ,0 2 7 8 8 ,6 2 8 3 0 0 ,1 8 7 4 8 ,8 3 3 1 4 1 .2 1 7 1 0 9 ,1 9 4 1 4 ,9 2 1 2 0 ,8 4 6 1 3 ,9 6 0 9 0 ,2 3 1 1 8 6 ,3 0 0 2 3 ,9 3 5 5 5 ,3 3 4 3 5 ,0 7 4 1 3 ,9 4 8 3 ,1 8 7 ,8 9 6 5,0 8 7 2 6 ,3 9 2 4 ,1 8 9 1 9 5 ,2 4 7 1 6 3 ,3 6 1 1 0 9 ,3 9 0 3 5 ,5 9 8 5 0 0 ,4 5 7 8 7 ,0 7 2 1 6 ,9 4 1 2 ,7 5 2 ,5 7 7 3 0 8 ,9 8 7 1 1 0 ,7 0 8 3 ,2 3 2 ,2 7 2 1 0 0 ,1 5 7 0 0 1 ,4 7 7 3 ,3 9 4 ,1 1 8 1 1 ,2 7 7 5 9 ,0 9 8 1 4 7 ,0 9 0 1 0 2 ,7 3 1 8 0 ,1 0 0 5 2 ,2 3 4 0 ,0 2 1 2 2 ,0 3 9 4 7 9 ,5 1 7 2 5 ,441 1 ,9 3 7 ,4 0 0 2 ,0 4 1 ,6 0 1 2 9 ,3 7 4 Inc. 52 5 4 ,0 7 0 0 2 1 ,0 4 5 12,027 2 3 ,7 2 0 2 ,0 1 3 ,8 0 4 2 5 1 .0 0 1 2 0 3 ,0 0 7 2 ,4 0 7 ,8 7 2 9 8 ,5 8 1 7 4 0 ,0 4 3 3 ,2 6 7 ,7 0 0 8 ,5 5 0 5 5 ,9 2 8 1 0 8 ,9 4 3 1 0 3 ,7 9 9 8 0 .4 0 0 5 0 ,8 7 0 4 ,3 2 4 1 0 ,9 1 7 4 2 7 ,8 4 3 3 9 ,3 7 6 2 ,2 0 6 ,4 4 0 2 ,0 2 5 ,2 8 0 2 3 ,8 2 5 ,2 1 5 5 8 ,4 8 4 5 6 3 ,8 9 0 9,301 2 3 ,3 6 2 3 ,0 7 8 20,4 15 3 2 9 ,4 7 3 4 9 3 ,0 7 0 1 4 1 .2 1 8 8 6 .4 0 0 10,298 2 1 ,7 1 8 3 3 0 ,5 4 7 5 0 0 ,5 8 3 1 4 8.438 1 0 9 .0 0 0 1 8 ,1 3 0 0 9 3 ,0 9 0 1 9 ,5 7 0 5 9 6 ,0 8 7 2 3 ,9 5 1 2 9 ,5 0 8 2 0 ,3 0 3 1 9 ,9 8 1 1 9 ,2 9 3 3 ,6 7 5 ,9 0 9 3 ,2 4 9 ,6 8 3 4 3 3 ,0 8 5 3 0 6 ,9 3 1 2 ,8 8 2 ,8 9 2 2 ,6 1 0 ,5 8 7 2 1 ,7 2 7 ,5 5 1 1 7 .0 4 5 .0 4 3 4 ,5 0 2 ,7 8 1 4,086,8-10 3 1 7 ,7 6 3 3 6 9 .4 3 4 7 ,4 8 0 ,1 0 6 6 ,5 3 7 ,9 3 5 7,675,59*7 7 ,2 4 8 ,7 0 4 5 2 ,9 0 8 5 7 ,4 3 7 9 ,3 6 4 ,0 0 4 8 ,7 0 3 ,2 5 0 4 ,9 0 3 ,4 2 4 4 ,7 3 8 ,5 9 0 2 4 ,2 2 3 ,6 6 4 ' 2 2 .3 5 5 .0 4 3 3 ,5 8 0 ,6 5 2 3 ,2 4 1 ,0 8 7 4 ,4 1 2 ,0 3 9 3 ,9 4 4 ,7 8 0 2 ,5 8 6 ,0 4 2 2 ,3 1 3 ,9 4 5 2 4 ,3 8 6 ,2 4 8 2 2 ,3 9 3 ,2 5 4 2 4 ,0 7 1 ,0 0 2 2 2 ,4 7 2 ,4 8 7 7 3 0 ,3 5 8 7 0 9 ,4 6 1 1 3 ,9 2 4 ,5 4 0 1 2 ,1 1 2 ,5 2 3 6 ,3 7 1 ,9 0 6 5 ,8 4 0 ,2 7 8 7 9 1 ,9 6 9 8 8 4 ,4 5 3 3 ,4 3 0 ,4 1 8 2 ,3 9 1 ,1 0 8 3 ,0 4 2 ,4 5 0 2 ,7 2 0 ,6 9 5 1 0 ,9 2 6 ,6 8 7 1 0 ,1 7 3 ,1 1 1 1 ,4 5 9 ,0 1 9 1 ,3 5 2 ,1 9 4 1 ,3 4 8 ,2 1 9 1 ,0 1 9 ,2 4 6 3 ,1 1 1 ,8 4 7 2 ,7 4 1 ,0 9 6 7 2 ,0 2 3 7 0 ,8 1 7 5 3 4 .7 5 3 6 3 1 ,5 6 3 1 0 5 ,8 2 6 1 6 2 ,8 6 9 4 7 4 ,5 6 0 5 1 8 ,9 6 7 6 ,9 5 2 ,0 6 8 6 ,6 3 5 ,0 0 0 6 6 0 ,7 4 7 7 1 5 ,6 6 4 3 3 6 .9 2 0 3 3 1 ,3 1 0 1 ,5 0 5 ,4 5 6 1 ,4 1 4 ,2 2 8 7 5 ,8 0 2 8 2 ,8 0 9 2 1 ,3 2 2 ,5 4 5 1 9 ,3 3 3 ,9 3 8 1 9 0 ,8 1 0 1 9 3 .9 2 0 8 3 0 ,1 2 2 8 2 2 ,3 0 7 2 7 ,0 5 0 3 0 ,0 2 6 9 3 5 ,1 7 4 8 9 6 .5 0 3 7 7 7 ,1 3 4 8 3 6 ,8 6 2 0 3 3 ,2 3 2 0 1 3 ,0 3 3 1 9 1 ,6 3 2 1 8 5 ,3 7 0 3 6 ,7 9 3 ,4 9 4 1 6 ,0 4 0 ,0 3 3 2 ,3 4 9 ,6 3 1 2 ,2 9 3 ,1 0 1 0 0 0 ,2 0 7 0 0 4 ,3 5 1 1 6 ,5 9 7 ,1 9 6 1 2 ,4 0 7 ,8 5 0 3 ,1 0 5 ,1 7 7 2 ,2 7 4 ,5 5 3 8 5 7 ,5 4 2 1 .0 7 7 .8 0 0 2 0 ,5 5 9 ,9 1 5 1 5 ,7 0 0 ,2 6 9 2 ,9 8 2 ,0 0 9 2 ,7 1 5 .4 4 6 1 ,9 2 7 ,3 0 7 1 ,8 8 5 ,2 3 6 2 0 ,0 1 6 ,0 2 2 1 8 ,4 5 0 ,7 0 0 5 9 ,9 8 5 7 0 ,6 9 0 5 5 ,9 2 8 5 9 ,6 9 8 4 0 0 ,3 9 2 5 0 2 ,7 9 6 2 ,9 1 7 ,9 3 5 2 ,9 1 7 ,3 1 0 2 ,0 6 1 ,3 7 0 2 ,1 2 5 ,7 1 0 1 ,4 2 8 ,2 8 1 1 ,3 1 2 ,4 1 5 2 0 ,4 8 0 3 9 ,0 0 0 5 0 7 .5 0 4 6 1 4 /1 7 0 2 ,0 3 1 ,2 5 3 2 .2 7 4 .8 0 0 2 2 3 .4 3 4 1 9 0 ,7 1 9 1 4 5 ,8 6 7 1 6 8 ,4 7 4 In c . 30 5 ,9 2 0 3 3 9 ,0 9 6 3 5 7 ,0 0 2 1 6 ,9 3 4 ,8 1 9 1 5 ,5 0 7 ,8 3 0 5 5 ,3 0 8 6 4 ,4 1 4 3 4 ,6 2 9 3 8 ,5 3 4 9 ,0 0 2 ,0 0 5 2 ,4 8 3 ,0 4 9 4 ,1 2 7 ,7 5 0 2 ,3 2 4 ,0 0 0 4 2 5 ,0 0 3 9 ,1 9 8 ,5 0 0 2 ,2 3 2 ,1 2 0 4 ,0 9 2 ,4 3 2 2 ,2 0 8 ,8 0 0 3 9 1 ,1 2 3 L a te s t G ross E a r n in g s ROADS W eek o r M o n th M illen fa S o 'w 'n .. N ovem ber M ineral R a n g e .. N ovem ber M in neap A St L. 3d wk Jan. m: s t p & s s t m . 3d wk Jan. Mo Kan fa Texas 3d wk Jau. Mo P a c & Iron Mi 3d wk Jan. Central Branch 3d wk Jan. T o ta l................. 3d wk Jan. Mob Jack fa K C . Wk J a n .25 M obile & O hio ..c Decem ber. M ont & M e x Gull N ovem ber Nasli Oh fa St La. December. N ev -C a l-O re........ December. Nevada C en tral.. O c to b e r... N Y C & H u d Riv Decem ber. N Y Ont fa W e st. December. N Y Siisq fa West December. N orfolk fa W est'n 3d wk Jan. Northern Central N ovem ber North’n P acilic .a 3d w k Jan. Ohio fa L ittle K a n a w h a .......... Septem ber Pacilic Coast Co. Novem ber P enn—E a stP & E . N ovem ber W est P & E . _ .. Novem ber Pere M a r q u e tte .. 3d wk Jan. Phil a fa E r ie ........ Novem ber Phila W ilm & B . . Novem ber Pine Blf.<te A rk .R . O c to b e r ... Pittsb C C & St L D ecem ber. Pittsb fa W e st'n . Novem ber P ittsb Cl & Tol Novem ber Pittsb P a & F . . N ovem ber T otal s y s t e m ... 3 d w k Jan. Plant System — ) A la M idlan d. 1 B run s fa W 'n . [ Decem ber. Chas fa S a v .. . Sav F la fa W . S ilS O c & G . . . Reading C o.— Phil & R e a d .... Decem ber. Coal & Ir C o . .. . D ecem ber. T o t both C o 's.. Decem ber. Rich F r’ksb fa P . N ovem ber Rio Grande J e t .. O c to b e r ... Rio Grande S o ... 3d w k Jan. Rio G r'de W e s t .. Decem ber. R u t la n d ................ Decem ber. St Jos & G r I ........ Decem ber St L aw ren fa A dir 3 d w k Jan. S t L K en 'et fa So. Decem ber. St L <fe N A r k ........ N ovem ber St L & San Fran g 3d w k Jan. St L S o u th w e st. . 3d w k Jan. St L V a n <te T H . . Decem ber. San A n t & A P . . . N ovem ber San F ran fa N P . . Decem ber. San Pedro L os A n geles & Salt L. N ovem ber S F e Pres <fePli... 2d w k Dec Sav F la fa W e s t .. Decem ber Seaboard A ir L .. 3d wk Jan. So C & G a E x t . . . Decem ber. So H a v en fa E a st. Decem ber. Southern I n d ___ Decem ber So M iss fa A rk . . . Decem ber. So Pacilic Co b ... Novem ber Cent Pacilic___ October. .. G al H a r & S A . October. .. G al H ou s fa No Septem ber G u lf W . T. fa P . October. .. H ous. E . & W .T . October. . . H o u s. fa Slirev. October. H ou s & T ex Cen October. .. Lou is'a W e s t ... O c to b e r ... M organ 's L fa T O c to b e r ... N Y T & M e x . . October T e x & N O r l . . . . O c to b e r . . . So P ac o f Cal .. October .. So Pac o f A riz. O c t o b e r ... So Pac o f N M . October. . Southern R ailw 'y 3d wk Jan. Terre H fa In d . . . Decem ber. Terre H fa P e o r .. December. T ex a s Central . . . 2d w k Jan. T ex a s fa P acific.. 3d w k Jan. T ex 8 V & N W . . Decem ber. Tol fa Ohio C e n t . 3d w k Jan. Tol P<fc W e s t . . . . 3 d w k Jan. Tol St L & W ........ 3d wk Jan. T or H a m & B u ff. id wk Jan. Union Pac R R . ) Oreg R R fa N [ Decem ber. Oreg Sh L in e . ) W a b a s h .................. 3d w k J an. W Jersey fa Sea'e Novem ber W V Cen fa P itt.. Septem ber W heel & L E ........ Decem ber. W ichita V a lle y ... N ovem ber Wisconsin C e n t.. 3d w k J an. W riglitsv fa T 'n .. December. Yazoo fa M iss V .. Decem ber. C u rren t Y ear P r e v io u s Y ear $ $ 3 ,2 5 4 48 ,0 4 0 4 8 ,9 2 7 59,1 10 0 3 ,0 1 5 7 1 ,4 4 0 8 4 ,7 4 3 3 2 9 ,9 1 0 3 3 7 ,1 2 9 6 2 2 ,0 0 0 6 5 2 .0 0 0 2 2 ,0 0 0 1 5 ,0 0 0 0 4 4 ,0 0 0 0 0 7 .0 0 0 3 ,8 2 2 3 ,0 3 2 5 5 3 ,7 0 0 5 8 4 ,7 0 0 1 1 5 ,3 8 9 1 0 2 ,4 0 8 0 3 1 ,0 3 0 6 2 2 ,5 7 8 9 ,5 4 7 1 1 ,2 1 8 4 ,8 0 8 4 ,1 8 4 5 ,6 9 0 ,1 2 0 5,6 0 1 ,3 8 1 4 0 3 ,2 9 2 4 5 0 ,8 4 0 2 5 8 ,0 0 2 2 0 5 ,1 2 5 3 4 3 ,3 0 2 3 0 8 ,9 1 5 7 4 2 ,9 3 7 7 7 2 ,5 3 7 5 3 7 ,3 0 9 7 0 4 ,4 1 9 July I to Late C u rren t Y ea r L a te P r e v i ou s Y ea r $ $ 2 0 0 ,4 8 7 2 ,0 2 9 ,1 8 7 3 ,0 3 9 ,4 0 5 9 ,8 7 1 ,5 4 9 2 1 ,1 4 1 ,0 0 0 7 0 2 ,0 0 0 2 1 ,9 7 3 ,7 4 0 9 1 ,5 9 7 3 ,1 2 2 ,8 0 0 0 0 3 ,2 1 0 3 ,9 1 3 ,2 1 8 8 8 ,4 3 7 1 3 ,8 9 9 3 7 ,8 0 4 ,0 8 8 3 ,0 9 2 ,2 2 4 1 ,4 5 3 ,7 3 7 9 ,5 5 3 ,8 5 0 3 ,0 7 3 ,2 1 4 2 4 ,8 9 6 ,0 8 3 274,1.29 1 ,8 2 2 ,8 0 8 2 ,5 ] 5 ,8 5 5 8 ,8 5 5 ,8 8 0 1 8 ,7 8 5 ,0 0 0 7 8 0 ,0 0 0 1 9 ,5 4 1 ,0 8 8 7 8 ,3 1 7 3 ,1 2 0 ,0 7 0 5 7 1 ,8 9 2 3 ,8 4 9 ,4 1 7 8 5 ,1 1 7 1 2 ,4 8 8 3 4 ,4 6 4 ,3 2 3 2 ,5 5 1 ,0 8 2 1 ,1 6 2 ,1 3 0 9 ,0 1 0 ,1 7 8 3 ,2 8 8 ,7 1 4 1 9 ,0 5 0 ,5 1 1 4 8 ,2 0 7 4 6 ,1 2 4 1 6 ,9 9 1 1 6 ,4 2 8 4 3 3 ,2 9 4 4 2 7 ,8 3 3 2 ,3 8 5 ,1 1 6 2 ,4 2 8 ,4 8 5 8 ,0 7 3 ,5 2 4 7 ,7 8 8 ,5 2 4 4 0 ,0 0 2 ,2 9 7 3 0 ,9 3 7 ,0 9 7 Inc. 4 ,2 2 0 ,3 0 0 In c . 8 / 3 ,4 0 0 1 0 0 ,0 8 7 1 4 5 ,3 4 8 5 ,3 3 7 ,4 0 8 4 ,8 2 3 ,7 8 8 0 1 5 ,5 4 1 3 ,3 0 8 ,9 3 1 2 ,6 7 3 ,8 4 3 6 1 4 ,4 8 1 9 9 0 ,5 5 9 9 6 4 ,4 5 9 5 ,1 2 0 ,5 3 5 4 ,9 3 8 ,3 3 5 5 .9 7 9 3,5 9 8 1 ,7 7 9 ,0 9 7 1 ,7 2 1 ,2 4 0 1 0 ,9 3 3 ,2 9 8 9 ,6 2 9 ,1 0 1 1 8 2 ,2 0 3 1 ,1 0 0 ,9 3 9 9 4 0 .4 5 3 1 9 0 ,5 5 5 5 1 1 ,9 2 7 0 9 0 ,0 0 0 9 7 ,2 5 9 1 2 5 ,3 8 5 2 4 0 ,7 5 8 2 3 ,5 6 2 3 5 ,4 9 6 2 2 0 ,2 0 3 0 2 ,2 0 4 2 ,4 6 9 ,1 9 0 2 ,1 7 3 ,3 9 5 7 3 ,7 0 3 4 ,0 1 3 ,2 7 4 3 ,8 0 8 ,2 3 3 2 ,4 3 8 ,4 3 4 2 ,5 5 2 ,4 2 4 1 5 ,2 7 1 ,4 1 9 2 ,4 8 3 ,8 5 7 3 ,0 9 6 ,0 5 3 1 5 ,3 0 5 ,2 3 8 4 ,9 2 2 ,2 9 1 5 ,0 4 8 ,4 7 7 3 0 ,5 7 0 ,6 5 7 4 3 1 ,7 5 5 9 1 ,0 6 0 8 0 ,5 7 8 2 2 2 ,0 0 7 0 1 ,4 0 2 0 2 ,9 7 9 3 2 9 ,5 9 8 9 ,9 4 8 9 ,2 9 8 3 6 5 ,2 0 0 2 ,7 6 8 ,8 4 7 4 4 6 ,1 0 0 1 ,1 3 2 ,8 1 8 7 3 5 ,7 3 0 9 3 ,1 5 4 1 1 4 ,9 4 5 4 ,7 1 8 5 ,2 0 7 8 5 ,3 6 4 1 3 ,8 0 3 1 2 ,9 4 8 7 ,0 2 4 1 0 4 ,2 1 8 2 4 .0 5 8 3 6 6 ,6 4 6 1 2 ,3 7 1 ,4 0 0 4 3 4 ,3 0 5 1 5 6 ,2 6 2 4 ,2 0 7 ,6 3 2 1 4 4 ,4 4 9 1 6 4 ,1 9 1 1 5 9 ,0 6 8 1 ,0 7 7 ,7 6 9 2 5 0 ,3 1 1 2 8 7 ,2 8 1 1 ,1 8 4 ,3 3 2 7 5 ,4 5 8 6 2 8 ,6 2 0 8 5 ,5 2 0 1 3 ,9 7 6 ,6 0 1 1 3 ,9 2 2 ,3 9 7 2 7 ,8 9 8 ,9 9 8 3 8 9 ,3 3 9 2 2 2 ,1 9 3 3 1 9 ,7 9 0 2 ,5 4 2 ,1 0 0 8 2 3 ,3 5 0 1 8 ,0 0 0 1 9 ,7 4 3 /8 2 3 ,3 5 0 2 1 3 ,8 1 1 2 3 ,2 8 9 4 ,1 1 5 4 8 ,0 7 7 2 2 ,2 8 3 7 ,4 8 4 ,2 3 3 1 ,9 3 5 ,4 5 5 6 8 5 ,3 2 8 4 0 ,8 8 7 1 3 ,7 7 3 9 0 ,8 4 2 2 3 ,5 2 2 6 0 1 ,4 7 7 1 7 7 ,3 4 6 8 3 0 ,0 4 7 3 8 ,5 7 7 2 5 7 ,5 1 9 1 ,9 1 1 ,0 1 8 4 0 0 ,0 5 8 2 3 7 ,4 8 7 7 5 8 ,9 1 0 1 3 1 ,0 9 8 5 0 ,4 1 2 1 0 ,7 8 3 2 4 9 ,1 1 5 1 8 ,5 0 0 5 0 ,1 8 3 2 1 ,4 7 9 4 9 .0 5 8 7 ,8 5 3 7 0 1 ,1 0 4 6 9 8 ,9 8 3 70*827 4 1 ,3 5 6 1 0 ,5 0 0 ,1 9 2 4 ,2 9 9 ,5 2 9 1 ,0 0 6 ,9 4 6 1 ,2 0 0 ,2 2 7 5 0 8 ,5 9 5 9 ,4 1 8 4 1 9 ,3 7 9 1 9 ,5 0 8 4 4 8 ,9 3 6 / 7 6 1 ,104 7 4 ,0 1 8 .2 7 4 / 3 ,8 0 8 ,2 3 3 2 4 0 ,7 5 8 6 ,2 5 3 ,5 2 0 5 ,8 9 3 ,1 0 3 2 5 ,0 1 6 1 3 6 ,0 4 0 1 4 1 ,5 5 5 4 2 ,2 5 1 4 7 ,9 7 1 3 ,8 4 8 3 1 7 ,3 7 3 1 9 2 ,6 3 1 3 1 ,1 0 3 1 5 ,7 8 3 1 2 1 ,2 5 9 1 0 4 ,3 9 3 6 ,7 2 7 ,7 9 9 3 6 ,3 2 2 ,4 9 7 3 2 ,1 3 0 ,7 9 4 1 ,8 7 2 ,0 3 8 7 ,0 7 5 ,5 9 2 7 ,2 4 8 ,7 6 4 0 5 0 ,2 1 1 2 ,4 1 4 ,0 9 0 2 ,1 3 5 ,4 5 8 1 9 ,8 7 5 1 0 6 ,6 3 4 7 4 ,1 7 7 1 7 ,0 0 4 5 9 ,5 8 1 5 1 ,0 3 7 3 0 0 ,1 5 2 2 5 7 ,0 6 5 9 2 ,0 2 8 7 2 ,2 8 2 2 0 ,5 8 9 5 5 ,7 8 5 7 4 0 ,0 4 3 1 ,9 2 7 ,3 0 7 1 ,8 8 5 ,2 3 6 1 5 8 ,3 1 7 5 1 4 ,7 5 2 0 0 6 ,0 3 6 8 0 9 ,0 9 9 2 ,7 8 7 ,7 1 8 2 ,4 5 5 ,0 9 1 3 0 ,5 2 8 1 3 1 ,7 9 0 9 0 ,6 9 7 2 4 4 ,1 7 1 9 8 1 ,0 9 5 8 1 7 ,4 3 7 1 ,7 2 3 ,1 4 5 7 ,2 9 4 ,3 3 0 6 ,2 7 1 ,8 9 4 ' 3 3 2 ,2 6 4 1 ,3 8 8 ,1 2 2 1 ,1 4 0 ,4 1 0 1 7 9 ,0 0 9 8 2 4 ,9 3 ^ 0 2 0 ,9 9 9 7 2 3 ,1 1 7 2 1 ,1 4 1 ,9 1 9 2 0 ,1 4 3 ,2 2 2 1 3 3 ,4 8 8 8 4 0 ,2 3 7 8 3 0 ,1 4 7 4 8 ,5 2 1 2 8 1 ,0 4 2 3 0 0 ,0 8 5 1 4 ,4 7 3 4 0 7 ,7 9 8 3 7 4 ,1 5 9 2 4 9,221 6 ,8 8 8 ,0 2 0 6 ,3 7 4 .4 2 7 1 4 ,0 0 0 7 3 ,5 0 0 8 0 ,8 0 0 44,491 1 ,6 4 5 ,2 7 3 1 ,4 4 3 ,9 0 4 21,901 0 7 0 ,0 2 5 0 0 8 ,3 2 7 5 0 ,4 0 5 1 ,4 0 5 ,0 8 9 1 ,2 8 0 ,3 0 2 7 ,5 9 4 2 0 9 ,0 9 4 2 7 1 ,8 3 7 3 ,8 9 0 ,2 2 6 3 ,6 2 2 ,4 7 5 2 5 ,4 4 5 ,0 8 5 2 3 ,533,4G 7 3 9 3 ,9 0 7 2 1 7 ,1 0 3 1 0 2 ,1 0 7 2 5 3 ,5 7 9 9 ,5 3 0 9 7 ,0 0 0 1 4 ,L1G 630,607 3 5 3 ,6 6 0 1 1 ,0 6 3 ,1 8 2 1 0 ,1 1 5 ,4 7 9 2 0 0 ,5 0 3 1 ,9 7 2 ,9 3 2 1 ,8 7 4 ,9 3 2 2 8 0 ,5 4 6 9 5 ,3 3 8 3 0 9 ,5 8 8 251,081 1 ,7 8 8 ,0 0 5 1 ,5 4 7 ,2 4 6 0 ,9 3 9 9 1 ,0 5 0 3 ,3 3 3 ,7 0 2 3 ,0 1 0 ,0 2 5 8 9 ,8 2 0 7 5 ,0 6 9 1 5 ,8 2 8 7 3 7 ,9 5 9 3 ,3 7 0 ,0 1 2 3 ,1 8 0 ,7 2 2 tj C overs results cm lines directly operated east of P ittsburg. * Figures from D ecem ber 1 are for the railroad only. 1 M ex ica n currency. «IncJ rules Paducah fa M em phis D ivision from Ju ly 1 in both years. L Includes the H ou ston fa T ex a s Central and its subsidiary lines. E arn in gs ol the Crom w ell Steam ship Line, n ot previou sly rep orted , are nov/ also Included. c R esu lts on M ontgom ery D ivision are included in both years. ^ In c lu d e s fit. P au l fa D uluth fo r both years. t in clu des results on Hher. Hhrov. fa Southern, Mo. Midland and Ban An tonio extension for this year, but n ot for last yoar. /'T h e s e figures are the results on the A la. M idland, Brunsw ick fa W estern, Charleston fa Savannah, Savannah Fla. fa W est'll and Silver Springs O cala fa Gulf, y T hese figures Include, besides the St, Louis fa San F rancisco proper, the K a n . City F t. S cott fa M em p h is and F t, W W'orth fa Rio G rande. TH E C H R O N IC L E 2 d week oj January. Totals lor Fiscal Tear, iu 1in- fu ll p age s ta te m e n t on th e p r e c e d in g p age w e s h o w the gross e a rn in g s o f a ll roads fo r th e p e rio d fr o m J u ly 1, th at b e in g n ow th e b e g in n in g o f th e fisca l y e a r o f th e g r e a t m a jo rity o f th e roads. T h era a re, h o w e v e r , som e road s th a t still n o chair o w n fiscal years, T h ese w ith th e ir dates a re b ro u g h t t ga th er in th e f o llo w in g . Laieti GransEarnings, t HOADS. Qitrreni Tear. 9 A tla n ta a C h arlotte A ir L in e .. Apr. X to N o v. B e lle fo n te C e n tr a l. . . . . I an. 1 to D ec. B or liu g to n C eda r R ap. A N o .1J an. 1 to D ec. C entral o f N ew J e r s e y .. ........ Jan. l to Nov. C h ica g o A N orth -W estern ___J a n e 1 to Dec. C h ica g o R o ck Is la n d A P a o . . Apr. 1 to Nov. Ohio. lit. P. M inn. a O m a h a .. Jan. I to Dec. C h o cta w O k la h o m a A G u lf. . N ov. 1 to Jan. C u m b erla n d V a l l e y . . . . . — ..[J a n , 1 to Nov. P a s t St. 1.oills A O a r o n d e le t. Jan. 1 CO Dec. F t. W orth A D en v er C ity , ___ jJan. 1 to Nov. in te r n a tio n a l A Gt. N o r th ’ n . Jan. 1 to Jan. L ehigh V a lle y R R . . . . . . . . . . . . Deo. 1 to Deo. L eh igh V a lle y C o a l.....................D eo. 1 to Dec. M anistee A N orth E a s t e r n ... Jan. 1 to Nov, M a n istiy u e.................................. Jan. 1 to Dec. M ex ica n C e n t r a l.......................... Jan. l to Jan, M e x ica n in t e r n a t io n a l.............. Jan . 1 to Nov, M e x ica n N a tio n a l........................Jan. 1 to Jan. M e x ica n R a i l w a y ..................... [Jan. 1 to Jan. M e x ica n S o u th e rn ___ . . . . . . . . A pr. 1 to Jan, M issouri P a c ific ............................ !Jan. 1 to Jan. C en tra l B r a n c h . . . . . ............. !ja n , 1 to Jan. T o t a l........ ............. Jan. 1 to Jan. M o n te re y A M e x ic a n G u ll.... Jan . 1 to Nov. N orth ern C e n t r a l.......................Jan. 1 to Nov. P e n n sy lv a n ia , B a st o l P. A E. Jan . 1 to Nov. W est o f p . A K............. . . . . Jan . 1 to Nov. F ere M a r q u e tte ............. ............ Jan. 1 to Jan. P h ila d elp h ia A E r ie ...................Jan. 1 to Nov. P h ila . W um ’ g ’ n A B a ltim o re . N ov . 1 to Nov. P itts. C in cln . Ohio. & St. L . .. Jan. l to Dec. R io G ra n d e J u n c t io n ...............jD ec. 1 to Oct. 8t. L . V a n d a lia A T e rre H .,.. N ov. l to Dec, S ou th H a v e n A E a s te r n ......... Jan, 1 to Deo. S ou th . M issou ri A A rk a n sa s..! J a n 1 to Dec. T erre H a u te A In d ia n a p o lis.. IN ov. l to Dec. T erre H a u te A P e o r i a . .......... ;N ov. I to Dec. T e x a s A P a o i f l o .. .................. . . J a n 1 to Jan. W est J e r s e y A S ea sh ore ......... J a n 1 to Nov. 80 1,899,309 52,005 31 31 5,238,828 SO 15.573,724 8 1 28,584,103 30 20,248,807 81 11,196,401 21 1,315,558 30 1,014,874 161,779 31 SO 1,956,006 286,862 21 3 t 1 9 37,400 31 2,041,661 30 813,339 31 93,462 21 1,051,699 30 5,418,786 421,323 21 2 01.500 31 673 476 7 1,823.000 21 21 41,000 21 1,864 000 80 1 ,278,109 30 7,824,108 80 85,493,008 Inc. 5.1 30 464 915 21 30 6,293,648 30 990,559 31 20 ,6 8 4 214 522,257 81 340,932 31 66,772 31 226.735 31 31 271.165 97,529 31 716 253 21 30 3.465 .5 8 4 Previous Tear. 9 ~ ~ 1,721,868 43,950 4,848,281 13,927.525 28,160,659 17.669,803 10,341,998 1,018,379 941,468 157,184 1,624,950 2 93,762 2,20 8 .4 4 0 2,025 ,2 8 6 301,428 102,727 9 62,609 4 ,904,145 3 94,500 161.100 639,808 1,742,000 03,0 0 0 1 ,805,000 1 ,269,594 7.088,708 77,759,008 96,100 4 21,934 5 ,309,352 9 64,459 19,012,677 506,450 318,145 68,490 185 542 206,978 97,042 672.278 3 ,2 7 6 ,0 8 4 Latest dross Earnings by Weeks.—In the table which follows we sum up separately the earnings for the latest week. The table covers the third week of January and shows 9'89 per cent increase in the aggregate over the same week last year. 3d week o f January. Alabam a « t . Southern.. Buffalo Roch, A Pittsb’g. Pta.nadlfl.'n Ph.iUHa Central o fflA o r c ta _____ Chattanooga Southern... Chicago A East. Illinois. Chicago Great W estern. Ohio. Indian’lis A Louisv. Chic. Term. T r a n sfe r .... Choc. Okla. A G u l f . .. .. . Cin. N. O. & Texas P a e.. Clev. Cin. Chic. A St. L .. Peoria <fe E astern . . . . . Colorado A Southern___ Denver A Rio G ran de. Detroit Southern............... Duluth So. Shore A A t l.. Evansv. & Indianapolis. Evansv. A Terre Haute. Grand T ru n k ............. .. 1 Grand Trunk W e s t . . > D e t.G d .H a v .& M ilw .) Hooking V alley............. .. Int. & Great Northern.. Iowa Central. ............. Kanawha A M ich igan ... Louisville A N ashville.. Mexican Central______ _ Mexican National. _____ Minn. A St. Louis____ . . . Minn. 8t. P, A S. 8te. M .. Mo, Kansas A T ex a s. . . . Mo. Pacific A Iron Mt___ Central Branch. . . . Mob. Jackson A K . City.. Norfolk A W estern___ Nortnem Paeifio_____ . . . Pore Marquette_________ Pittsburg "A Western ,. Rio Grande Southern — St. Law. & Adirondack.. St. Louis A San F ran----St. ',ouis Southweeten .. Seaboard Air* L i n e . .. .. .. Southern R a ilw a y . . . . . . Texas A Pacific____ _ . . Toledo A Ohio Central.. Toledo Peoria A W est’ n . Tol. 8t, L. A W est............. W a b a s h ...... ... ........ . Wisconsin Central—........ Total (53 r o a d s ) ,....... Net increase (9 89 p. o.),. 1902. 9 1901. 9 Increase. $ 49,734 34,648 112,800 606,000 177,060 1,749 291,865 1 60,974 1 11,638 78,922 31,285 101,338 99,209 320,201 47,269 120,140 212,800 25,082 45,501 5,875 25,286 44 ,4 1 0 28,367 104,714 448,000 153.740 1,958 28 2 ,2 7 7 136,177 121,490 70,237 26.035 78,027 88,628 8 00,187 48,833 109,194 186,300 33,935 35 ,0 7 4 5,037 26,392 5,324 6,281 8.086 1 58,000 23,320 52 5 ,3 6 0 5 06,457 18,903 100,157 102,731 52,234 22,639 621,045 336,547 148,438 63,015 84,743 337,129 652,000 15,000 3,196 343,362 704,419 160,687 73,763 9,948 5,267 434,305 144,449 213,811 758.910 2 4 9 .H 5 50,183 21,479 49,658 393,907 97,000 98.581 103,799 50 ,8 7 0 16,917 563,890 829,473 141,218 59,110 71,446 329 ,9 1 6 622 ,0 0 0 22,000 2.551 308.915 537,369 145,348 62,204 9,298 4,7 1 8 366 ,6 4 6 156,262 240,758 723,117 249,221 44,491 21,901 50,405 353,660 91,650 1,576 9,453,873 8,603,253 Decrease. $ 209 9,588 24,797 10,148 8,685 5.250 23,311 10,581 20,014 aa. o*. o, 1,5 6 4 10,940 20.500 1,147 10,427 788 i i i i „„„. 1,106 1,068 1,364 5,722 57,155 7,0 7 4 7,220 3,905 13,297 7,213 30,000 _______ 7,000 045 34,447 167,050 15,339 11,559 050 549 67,659 . _____ __ „T._^„ _. . 11,813 26,947 35,793 106 5,692 422 747 4 0 ,2 4 7 5 ,3 5 0 901 ,0 0 2 8 50,620 Previously rep’ d (50Pds) Chattanooga Southern, . Detroit Southern......... . , oterocearno (H e x .)........ Mexican R ailw ay_______ Texas Central......... ., ....... ToledojPeoria A Went’ * Toronto Ham, * Buffalo. Total (57 roads). ......... Net increase (10-98 p. o.) [V 1902. 1901. ol. LXXIV. Increase. $ 9 ,179,040 1,882 25,595 80,100 109,000 10,783 23,748 7,858 ¥ 8,202,614 1,869 22,933 86.460 86,400 14,473 21,714 7,594 $ 947,725 513 2,662 9,437,001 8,503,557 974,793 983,444 22,600 T ,6f* Decrease. 9 31,299 "6 ,3 6 0 " 3,'690 259 41 ,3 4 9 Net E arn in gs M onth ly to L a test O ates. -The table follow ing shows the gross and net earnings of S t e a m railroads reported this week. ----- Gross E a rn in g s.-*- ,------ Net Earnings.— - Current Year. 9 Previous Year. Tear. 9 Current Tear, Previous Tear. Roads. S Alabama G t.S o’ th.aDec. 2 13,879 204 ,0 0 8 73,027 70.8 2 3 8 7 8 ,2 3 4 3 40,205 July 1 to Deo. 8 1 . . . . 1 ,253,928 1 ,0 9 7 ,8 6 6 it e h .T . A B. F e .b . Dec. 5 ,3 2 8 ,9 5 3 4 ,7 5 6 ,6 2 9 12,311,395 12,080,905 July 1 to Dec. 3 i ...3 0 ,8 7 0 ,2 5 6 2 0 ,9 4 6 ,6 1 6 U 3 4 7 2 6 4 1 111011272 166,943 4 3 9 ,9 1 0 177,917 Bull. R . A P lttb s.b .D ec . 4 75,041 July 1 to Dee. 8 1 . . . . 3 ,3 6 0 ,6 5 2 2 ,9 3 5 ,5 3 8 1,642,485 1 ,2 1 5 ,9 1 2 63,9 3 2 29,937 2 4 ,8 0 7 Buffalo A S’squeh.aDec. 69,0 3 0 1 04,784 36 6 ,9 3 1 1 99,890 July 1 to Dee. 3 1 . .. 4 3 3 ,0 8 5 Canadian Paoiflo.a.Dec. 3 ,4 9 7 ,7 3 3 2 ,9 8 8 ,9 1 1 1,568,691 1 ,4 3 8 ,3 0 6 July 1 to Deo. 3 1 ._„. 1 9 ,8 9 7 ,6 5 1 16,285,043 8 ,2 3 0 ,8 4 0 6,579 ,0 3 9 2 45,724 2 2 2 ,6 3 6 Cent, of G eorgia.a.D eo. 7 5 0 ,9 9 2 634,777 July 1 to Dee. 3 1 . . . . 4 ,0 5 7 ,0 0 0 3 ,6 5 4 ,4 1 9 1.287 .5 0 7 1 ,2 8 0 ,6 5 1 def.2,533 def.3,169 7,8 5 9 Ohattan’ ga South.aDec. 6,933 5 2 ,7 8 0 def.2 2 ,9 9 6 daf.17,117 July 1 to Dec. 3 1 . . . . 47,650 4 5 5 ,2 1 7 53 2 ,3 1 6 Chesap. A O h io .a ..D e e . 1,253,218 1 ,3 2 7 ,1 3 0 3 ,2 7 7 ,2 4 7 July 1 to Dee. 3 1 . . . . 8,47 9 ,8 4 5 -7 ,9 5 6 ,9 6 5 3 ,3 2 9 ,5 5 6 ---------------3 0 0 .4 3 3 25 1 ,6 5 3 76 6 ,4 8 8 Chicago A A lto n .a .D e e . 761 ,0 9 2 July l t o Deo. 3 1 ...... 4 ,9 0 3 ,4 2 4 4 ,7 3 8 ,5 9 0 1,670 ,0 0 9 1 ,6 5 0 ,3 1 3 Chic. M. & 8 t . P .a ..D e e . 3 ,9 9 1 ,2 5 4 3 .7 8 2 .9 3 3 1 ,5 3 6 ,4 2 9 1 ,4 8 4 ,9 2 1 July l t o Dec. 31 ...2 4 ,3 8 6 ,2 5 0 2 2 ,8 9 3 ,2 5 5 9 .0 9 2 .5 0 8 8 ,4 1 5 ,5 1 0 5 3 1 ,5 8 9 433 ,2 5 1 Ol.Oin.Ohio.ASt.L.aDeo. 1 ,6 1 4 ,8 4 4 1,664 ,0 5 8 July l t o Deo. 3 1 ....1 0 ,0 0 3 ,6 0 5 9 ,2 7 2 ,5 5 0 2,863 ,8 1 2 2 ,8 2 4 ,0 9 5 9 9 ,5 8 9 87,826 Peoria A E a st’ n.a.D ee. 2 28,259 23 0 ,6 6 2 3 9 4 ,3 2 7 36 5 ,9 7 0 1 ,3 2 3 ,4 2 8 1,20 5 ,6 9 5 July 1 to Deo. 3 i . 7 8 7 ,1 4 6 6 68.983 3 ,1 0 5 ,1 7 2 3 ,1 8 7 ,8 9 0 Erie, a ........................ Dee. July l t o Dee. 3 1 ..- 2 1 ,8 2 2 ,5 4 5 1 9 ,3 3 3 ,9 3 8 6 ,6 0 3 ,2 5 4 5 ,3 8 0 ,5 7 7 5 7 ,1 8 2 69,3 0 4 G eorgia.*— .. Dee. 181,783 163,807 3 2 4 ,6 0 7 355 ,2 8 0 9 4 0 ,9 4 0 July l t o Deo. 3 i . . . . 1,018 ,6 4 4 20,018 15 ,6 2 0 32,4 8 9 3 5 ,5 9 8 Gila VaLGlobeANo.Deo. 10 4,74 9 4 ,1 7 0 1 9 1 ,6 3 2 18 5 ,3 7 6 July 1 to Deo. 3 l— 1 6 0 ,3 9 5 117,412 3 9 8 ,8 8 3 386 ,0 6 7 Hooking V alley.a ..D ee. July 1 to Dee. 3 1 ___ 2 ,698,191 2 ,4 3 3 ,7 8 6 1 ,0 8 1 ,5 0 6 1 ,0 1 5 ,4 4 4 1 3 ,7 5 4 6,4 2 7 7 6 ,4 9 6 86,446 Kanawha A Mich.a.Deo. 8 5 ,2 3 6 107 ,9 5 2 4 5 8 ,1 3 1 5 52,086 July 1 to Dec. 3 l .. 1 2 9 ,8 0 4 4 2 7 ,8 4 3 1 6 8 ,8 2 9 4 79,517 K an.C ity Sou th ..a.D ee. 5 1 5 ,6 4 5 807 ,0 3 7 2 ,6 3 1 ,2 5 3 2 ,2 7 4 ,8 6 0 July 1 to Deo. 3 1 — 104,743 4 4 4 ,5 0 5 1,937 ,4 0 0 2 ,2 0 6 ,4 4 0 LehighVal. R E .a ..D e c . Lehigh V .Coal Co.a.Dec. 2,041 ,6 6 1 2 ,0 2 5 ,2 8 6 def.11,238 d e f.37,044 1 5 ,5 8 8 16,071 5 2 ,8 0 2 5 7 ,4 5 7 eou.Hen. A 8t.L.l>.-N ov. 9 3 ,3 4 8 2 8 0 ,6 1 2 30 3 ,5 2 0 89 ,0 4 3 July 1 to Nov. 3 0 ___ 9 ,1 8 8 9 ,3 8 9 23 ,7 2 0 2 3 ,3 6 2 Manistee & No. E .a.N ov. 127,624 1 42,119 3 0 1 ,4 2 8 31 3 ,3 3 9 Jan. 1 to Nov. 3 0 . . . . def.8,431 d el.5,05 3 3,0 7 8 4,951 Manistique. to........... Dee. 2 3 ,3 0 5 21 ,0 3 2 93,462 1 0 2 ,7 2 7 Jan. 1 to Dec. 3 i —. . 109,68® 1 1 7 ,0 1 0 285 ,5 3 2 2 7 3 ,4 6 2 Minn. A 8t. Louis.a.Dec. 71 9 ,7 5 7 98,783 July l t o Dee. 3 i . _ . . 1 ,852,988 1 ,6 5 5 ,2 6 7 31 ,8 5 2 3 0 ,7 6 5 1 0 2 ,4 0 8 115,389 Mont. A M e x . G u lf.N ov. 3 4 1 ,2 4 3 310,058 Jan, 1 to Nov. 3 0 . . . . 1 ,278.109 1 ,2 6 9 ,5 9 4 2 ,7 8 7 3,371 1 1 ,2 1 8 Nev.-Cal.-Oregon.a,Dec. 9,5 4 7 34 ,2 8 4 36,639 88,437 8 5 ,1 1 7 July 1 to Dec. 3 1 ___ 14 2 ,8 7 3 1 0 6 ,5 5 4 4 5 0 ,8 4 0 4 63,292 « . Y . Out. A W est.aD ee. 8 05,229 95 4 ,1 5 0 July 1 to Deo. 3 1 . . . . 3 ,0 9 2 ,2 2 4 2 ,5 5 1 ,0 8 2 1 28,430 2 5 8 ,6 6 2 87,811 205,125 N. Y. 8us. A W est.a.D ec. 4 8 5 ,4 6 3 6 91,284 1,45 3 ,7 3 7 1 ,1 6 2 ,1 3 0 July l t o Dec. 3 i — 375,087 4 6 4 ,3 0 5 Pitts. O .C . A St.L .a.D ec. 1,779 .6 9 7 1 ,7 2 1 ,2 4 0 Jan. l t o Dee. 3 1 . . . 2 0 ,6 8 4 ,2 1 4 1 9 ,0 1 2 ,6 7 7 6 ,0 0 8 ,3 2 4 4 ,9 4 8 ,6 5 0 Heading Company— 9 5 9 ,6 1 0 9 0 9 ,7 1 9 P h ila.A R ead ’g.b.D ec. 2 ,4 3 8 .4 3 4 2 ,5 5 2 ,4 2 4 July l t o Dee. 3 1 . . . . 1 5 ,2 7 1 ,4 1 9 1 3,976,601 5 ,8 3 7 ,0 9 5 4 ,7 4 6 ,0 0 0 1 5 2 .0 8 2 4 0 9 ,4 1 1 Coal A Iron C o .b .D e e . 2 ,4 8 3 ,8 5 7 3 ,0 9 6 ,0 5 3 9 8 5 .6 9 7 July 1 to Dee. 3 i _ . . . 1 5 ,3 0 5 ,2 3 8 1 3 ,9 2 2 ,3 9 7 1 ,4 3 6 ,3 3 9 Total both Co.’s.bDeo. 4 ,9 2 2 ,2 9 1 5 ,6 4 8 ,4 7 7 1 ,1 1 1 ,6 9 2 1 ,3 1 9 ,1 3 0 July l t o Dec. 3 i . ...3 0 ,5 7 6 ,6 5 7 2 7 ,898,998 7 ,2 7 3 ,4 3 4 5 ,7 3 1 .6 9 7 8 3 ,2 9 6 2 3 ,0 8 5 Reading Co. b .— Dec. .................................... 4 9 5 ,1 6 5 1 3 8 ,9 2 9 July l t o Dec. 3 1 ............................. .............. 1 ,1 9 4 ,9 8 8 1 ,3 4 2 ,2 1 5 Total allCom p’ s.b D ec.......................................... .. July l t o Deo. S i . . . ..................... . .............. 7 ,7 6 8 ,5 i.9 5 ,8 7 0 ,6 2 6 3 6 .6 1 6 3 0 ,7 1 0 8 0 ,5 7 8 9 1 ,6 6 0 rich. Fred. A P o t..N o v . 1 6 5 ,5 5 9 1 5 3 ,3 9 8 431 ,7 5 5 38 9 ,3 3 9 July 1 to Nov. 30 §2 2 4 ,1 4 8 § 3 9 8 ,9 1 * 65 8 ,0 0 7 7 9 6 ,7 0 7 St.Louis So’w est.h§D ee. 3 ,8 4 8 ,8 3 0 3,869^993 §1 ,1 5 4 ,6 4 1 § 1 ,7 0 6 ,3 9 7 July 1 to Dec. 81 — 7 6 1 ,1 0 4 3 4 4 ,8 3 6 2 8 8 .6 4 5 823,350 gav. F la. A W est.b.*Deo. 0 8 ,2 3 3 1 ,2 6 1 ,4 0 9 1 ,1 7 7 ,5 6 2 July 1 to Dee. S i . . . . . 4 ,0 1 8 ,2 7 4 3 ,8-----------9 6 4 ,8 4 3 1 ,0 5 8 ,5 5 ? Southern Kailw’y.aDeo. 3 ,1 4 2 ,2 5 0 3,124 ,6 4 5 1 8 ,9 9 4 ,6 6 5 18,12 0 ,0 5 0 6 ,1 1 5 .0 5 0 5 ,9 6 0 ,2 5 ! July 1 to Dee. 31 2 7 .4 1 8 4 9 ,5 8 5 2 18,488 207,811 I'oledo A O .C e n t.a .D e e . 8 4 0 ,7 2 3 3 4 1 ,6 5 5 July 1 to Dee. S i . . . . 1 ,4 9 1 ,7 5 0 1,306 ,0 6 5 3 ,8 9 6 .2 2 6 3 ,622,475 1 ,8 4 2 ,9 9 5 1 ,6 8 4 ,9 0 2 :i nion Pae. Syst’ma.Deo. July l t o Dee. S I — 2 5 ,4 4 5 ,0 8 5 2 3 ,5 3 3 ,4 6 7 12.501,735 10,728,516 Wabash, b ___ Dec. 1 ,5 9 2 ,8 4 2 1 ,5 3 6 ,2 3 7 4 02,967 388,393 July 1 to Deo. S I . . . . 9 ,9 3 7 ,6 2 0 9 ,1 0 3 ,8 1 4 3,069 ,8 3 4 2.66 6 ,8 8 3 Wisconsin Central bDeo. 44 1 ,9 7 6 4 12,391 1 89,009 142,347 July l t o Deo, 3 1 — 3 ,051,202 2,74 4 ,4 2 2 1 ,1 1 9 ,6 6 5 1 ,008,825 a Net earnings here given are a fter deducting taxes, a Net earnings here given ai-e hefo'-e .lednctiwv (»**> 60,982 For the second week of January our final statement covers 57 roads, and shows 10-98 per cent increase in the aggregate over the same week last year. * These figures include, besides the old Savaunah Florida A Western, the Alabama Midland. Brunswick A Western, Charleston A Savannah and Silver Springs Ocala A Gulf, all of which have now been consoli dated. For last year the earnings of these separate roads are combined for purposes of comparison. „ ^ t For December, 1901, taxes »nd rentals amounted to $10>xH a. against $ 1 8 7 ,3 3 6 , after deducting which net for December, 1901 February TH E 1, 1002. j was $ 2 ,2 0 8 ,3 5 2 , against $ 1 ,8 9 3 ,6 6 9 . From July 1 to December 3 1 ' 1 9 0 1 , taxes and rentals amounted to $ 9 1 6 ,8 4 2 , against $ 1 ,0 0 4 ,2 0 0 after deducting wliloh net wan $ 1 2 ,6 2 0 ,7 9 9 , against $ 1 0 ,0 0 7 ,0 7 2 . $ Net earnings are after allowing for expenditures for betterm ents. Interest Charges and Surplus.—The following roads, In addition to their gross and net earnings given in the fore going, also report charges for Interest, &o., with the surplus above or deficit below those oharges. .------I n t ., ren ta l*, etc.------ - < - B a l . o f N et E a r n '* . O u rren t T ea r. C u rren t T ea r. P r ev io u * T ea r. $ R oad*. lev. Cln.Cb. * 8 t. L. Deo. 2 4 2 ,6 8 3 July 1 to Deo. 3 1 . . . . 1 ,4 0 6 ,1 1 9 P e o r ia * East..1>. Deo. 3 3 ,6 8 9 July 1 to Deo. 3 1 . . . . 2 0 2 ,1 3 0 Hooking V a lie v ....... Deo. 1 3 5 ,8 7 6 July 1 to Deo. 3 1 . . . . 4 9 8 ,7 9 3 Kanaw ha & M lo b .. Deo. 1 1 ,7 2 9 July 1 to Deo. 3 1 . . . . 6 7 ,4 7 3 M anistee & No. E. ..N o v . 6 050 Jan. 1 to Nov. 3 0 . . . . 6 6 ,5 5 6 N ev .-C a l.-O reg o n ... Deo. 2 ,2 1 0 July 1 to Deo. 3 1 ___ 1 3 ,3 8 0 P itts. C. O. & 8 t. L . Deo. 2 9 5 ,0 2 8 Jan. 1 to Deo. 3 1 . . . . 4 ,0 6 1 ,2 9 8 R e a d in g All co m p an ies... Deo. 8 6 2 ,0 0 0 July 1 to Dec. 3 1 — 5 ,1 7 2 ,0 0 0 Toledo & Ohio Cen..Deo. 3 9 ,3 0 5 July 1 to Deo. 81 . . . 2 3 8 ,7 3 5 Wisconsin C entral..D eo. 1 3 9 ,8 0 7 July 1 to Dec. 3 1 ___ 8 4 0 ,7 6 6 265 (JHRONICLE P r e v io u * T ea r. » 9 2 5 1 ,3 9 4 1 9 0 ,6 6 8 1 ,4 6 8 ,4 7 8 1 ,4 5 7 ,6 9 3 3 3 ,7 5 0 5 4 ,1 3 7 2 0 2 ,5 0 0 1 6 3 ,8 4 6 1 2 7 ,1 5 3 *2 93,949 4 8 9 ,0 9 0 * 9 2 2 ,6 3 7 1 0 ,6 6 3 d ef.*4,829 *43,631 6 3 ,9 7 7 6 ,2 5 7 3 ,3 3 9 6 8 ,8 3 2 75,5 6 3 2 ,2 5 0 577 1 3 ,5 0 0 2 3 ,2 5 9 90,8 0 1 1 6 9 ,2 7 7 3 ,5 1 8 ,7 6 4 1 ,9 4 7 ,0 2 6 4 2 8 0 .1 9 5 1,3 5 5 ,6 1 7 6 5 ,7 8 9 191.827 ‘ 3 6 2 ,1 1 4 *8 6 4 ,5 2 3 *3,657 *2 4,659 2,931 58,7 9 2 1,121 2 0 ,7 8 4 2 8 4 ,2 8 6 1 ,4 2 9 ,8 8 6 7 9 0 ,9 7 9 3 3 2 ,9 8 8 4 ,7 4 5 ,8 7 7 2 ,5 9 6 .5 9 9 3 5 .0 5 7 *d f,11.663 *1 1 0 ,3 0 6 205,861 1 3 4 ,0 4 4 *1 ,692 8 0 8 ,9 3 2 *2 92,013 5 5 1 ,2 3 6 1 ,1 2 4 ,7 4 9 *14.806 *136,788 *10,244 *20 8 ,4 9 7 * A fter allow ing for other Income United States Steel Corporation. (Prelim inary report fo r the nine m onths ending Dec. SI. l'JOl, The preliminary report to the stockholders covering the operations o f the first nine months was issued on Thursday of this week. The full text of the report, together with the income account and the consolidated balance sheet of Nov. 30 will be found on pages 272 to 274 —V. 74, p. 216, 101. Lake Street Elevated RR., Chicago, III. ( Report f o r the yea r ended Dee. 31, 1901.) President Knight says in part: G e n e r a l R e s u l t s .— The present m anagem ent took charge o f the property Feb. 2 7 . 1901. Gross earnings show an Increase of $ 2 8 ,5 0 7 and operating expenses o f $ 1 0 ,1 3 7 . E x p r e s s S e r v i c e .— In March we let a oontraot for 4 .2 3 2 feet of girders for additional track between Homan A venue and Sacramento Avenue and from 52d Avenue east for 1,3 8 0 feet. The girders have been placed and the deck work will be oompleted this week This will give the oompany a continuous third track from Rockwell St. to 41st A ve., 10,120 feet, and will enable us to give express service for territory west of 48th A v e ., giving to Oak Park an express service of about 27 minutes to and from the loop. The total direct expenditure made in preparation for the express service Is over $ 7 0 ,0 0 0 . A dditional P o w e r .—In July we oontraoted for two 1.000 k. w. rotary transformers and appurtenances at a contract price of $ 4 2 ,0 0 0 . This machinery Is now being installed and will be ready for operation In February. L ast winter we were unable to get sultiolent current; we have now made an arrangem ent with the Edison Company where by It will furnish us sufficient current to operate the road from the river to 52d A v ., except during the rush hours, when we will be obliged to purohase current from other sources to operate section No. 2 of the road between the river and Campbell A v . W e believe the contract with the Edison Company will m ake a great saving in cost of power. During the year we received six new passenger oars, contracted for in 1900, and we have oontraoted for 20 additional trailers and eight additional m otor oars. Paving on South Boulevard cost the com pany $ 2 0 ,5 1 7 . Early in the year the company purchased the Chicago & Northern Pacific.—We give below the gross and net Harlem, which it had operated as a leased line; interest on earnings, etc., of the Northern Pacific for December and the the Chicago & Harlem debt, formerly charged as rental, has six months to December 31. therefore become a direct interest charge. It was also nec .--------- D e c e m b e r . --------- . .—J u l y 1 t o Dec. 3 1 .— essary in acquiring the Ziegler bonds to pay all arrears of 19 0 1 . 1900. 19 0 1 . 1900. interest thereon. These two transactions account for the Gross earnings.................... 3 ,3 3 7 ,2 2 0 2 .5 4 0 .4 9 2 2 2 .4 4 3 .1 2 4 1 7 .3 1 3 .3 0 2 increase in the interest charge as compared with 1900. Operating e x p e n s e s ....... 1,7 8 0 ,6 8 1 1 ,1 6 3 ,8 7 5 0 ,7 3 9 .0 7 8 8 ,2 4 0 ,8 0 0 Earnings, expenses and charges have been as follows : N e t in co m e— 1 ,1 3 1 ,2 2 8 1 ,7 0 4 ,0 4 6 2 ,2 5 7 ,4 9 7 9 ,4 4 6 ,5 4 9 9 ,0 7 2 ,5 0 2 1 .4 5 6 .1 8 9 7 ,6 1 6 ,3 1 3 1 1 0 ,4 8 3 4 0 4 ,8 9 1 4 3 3 ,7 3 9 l,3 7 6 ,6 i7 N et earnings................. 1 ,5 5 6 ,5 3 9 T axes, rentals,bet’m ’ tB.&c 3 5 2 .1 8 3 N et operating incom e. 1 ,2 0 4 ,3 5 6 Miscellaneous incom e, not including land sales........ 1 3 7 ,8 5 7 245,389 ----------------- Main system ............................1 ,3 4 2 ,2 1 3 1 ,2 4 1 ,7 1 1 9 ,8 5 1 ,4 4 0 8 ,0 5 0 ,0 5 2 1 7 1 ,1 1 3 1 7 5 ,1 1 7 2 5 ,3 4 4 Proprietary lines................ 3 1 ,1 6 2 Total 1 ,3 7 3 ,3 7 5 1 ,2 6 7 ,0 5 5 1 0 ,0 * 6 ,5 5 7 8 ,2 2 1 ,1 6 5 N o t e .—Operations of the St. Paul & Duluth In eluded In both years. Street Railway Net Earnings.—The follow in g table gives railw ay gross and n et earnings receiv ed the returns o f S t r e e t this week. G r o s s E a r n i n g * . ------. -------N e t E a r n i n g s .— C u rren t P r ev io u s C u rren t P r ev io u s T ea r. T ea r. T ea r. T ea r. Roads, $ Byraouse Rapid rransit— Oct. l to Dec. 3 1 ___ Tacom a Ry. & P .— Jan. 1 to Dec. 3 1 ___ $ $ 8 1 7 6 ,7 4 2 1 5 7 ,9 6 2 7 9 ,9 8 1 72,218 3 7 8,821 2 9 4 ,1 3 2 1 2 2 ,2 8 7 72,9 4 5 Interest Charges and Surplus.—The follo w in g S treet railways, in addition to their gross and net earnings g iv e n in the foregoing, also report oharges for interest, & o ., w i t h t b f surplus or deficit above or below those charges. , R oad s. Syracuse Rapid T r.— Oct. 1 to Deo. 3 1 . . . . Tacom a Ry. & P .— Jan. l to Dee. 31 — I n t.,r e n ta l* , e tc . . r - B a l . o f N e t B a m ’t .C u rren t P r ev io u s P r e v io u s C u rren t T ea r. T ea r. T ea r. T ea r. 8 9 9 $ 5 7 ,0 7 5 5 5 ,8 9 5 *2 4 ,4 6 6 *17,863 6 9 ,7 3 0 5 5 ,2 6 9 5 2 ,5 5 7 17,6 7 6 ANNUAL R E P O R TS . 1900. 4 0 ,0 4 8 $ 7 5 7 ,9 5 5 3 7 8 ,6 6 1 1899. 3 7 ,2 6 6 $ 6 9 7 ,5 1 3 3 3 1 ,5 5 3 18 9 8 . 3 3 ,9 4 6 $ 6 3 3 ,4 0 3 8 2 4 ,9 4 7 N et revenue...... .................... $ 3 9 7 ,6 6 3 T a x e s......................................... $ 1 6 ,6 2 4 Interest on bonds................ 2 3 5 ,6 1 7 Interest on floating d ebt. 5 6 ,2 4 8 Loop and other r e n ta ls ... 8 2 ,9 7 0 $ 3 7 9 ,2 9 4 $ 1 4 ,8 2 8 2 2 4 ,0 7 0 3 7 ,7 5 7 9 7 ,8 8 7 $ 3 6 5 ,9 6 0 $ 1 3 ,7 4 3 2 2 3 ,6 5 5 3 ~ ,7 4 5 8 7 ,1 7 7 $ 3 0 $ ,4 5 6 $ 1 3 ,8 4 9 2 2 1 ,6 7 7 3 7 ,6 6 7 61,954= T ota l............................... $ 3 9 1 ,4 5 9 Balance for y e a r . ..........su r .$ 6 ,2 0 4 - V . 7 4 , p. 151. C Prelim inary statem ent fo r the year ending Dec. 31, 1901,) The preliminary report for the year ended Dec. 31 is as be low given. The full report will be issued about Feb, 15. 19 0 1 . $ Receipts from c o a l.* 1 6 ,9 2 4 ,9 3 3 Receipts from R R s ..l2 ,1 7 8 ,6 8 3 M iscellaneous............... 3 9 3 ,8 3 8 19C0. $ 7 ,3 5 1 ,1 1 3 1 1 ,4 8 5 ,1 8 8 5 5 1 ,4 3 2 1899. $ 7 ,6 1 7 ,8 4 0 1 1 ,0 1 1 ,1 2 6 4 5 2 ,2 8 8 1898. 7 ,2 0 7 ,3 4 5 9 ,9 0 7 ,3 5 7 607,188 Total gross..........*2 9 ,4 9 7 ,4 5 4 Operating ex oen se»*21,894,707 1 9 ,3 8 7 ,7 3 4 1 3 ,2 5 8 ,4 7 0 1 9 ,0 8 1 ,2 5 4 1 8 ,2 1 0 ,8 3 3 1 7 ,7 2 1 ,8 9 2 1 2 ,9 2 7 .5 9 6 Net ea rn in g s'___ 7 ,6 0 2 .7 4 7 In terest and rentals. 2 ,9 9 8 ,6 7 2 6 ,1 2 9 ,2 6 4 2 ,9 4 1 ,8 7 2 5 ,8 7 0 ,4 2 1 2 ,8 7 9 ,5 7 5 4 ,7 9 4 ,2 9 7 2 ,9 2 8 ,4 7 8 4 ,6 0 4 ,0 7 5 3 ,1 8 7 ,3 9 2 2 ,9 9 0 ,8 4 6 1 ,8 7 0 ,8 1 9 1 ,2 3 3 ,8 6 9 3 ,1 8 7 ,3 9 2 1 ,7 5 0 ,0 0 0 2 ,9 9 0 ,8 4 6 1 ,7 5 0 ,0 0 0 $ 3 6 2 ,3 2 0 $ 3 3 5 ,1 4 7 su r.$ 3 ,6 1 0 d e f.$ 2 6 ,6 9 1 Toronto Railway, The results for three years past and the balance sheet o f Dec. 31, 1901, follow: 1901. Gross earnings...................................... $ 1 ,6 6 1 ,0 1 7 Operating expen ses............................ 8 5 7 ,6 1 2 N et earnings Fixed ch arges... Dividends p aid.. Cost of p a v in g ... $ 3 0 3 ,4 0 5 $ 2 9 2 ,6 7 9 2 7 0 ,0 0 0 6 8 ,0 0 0 1900. $ 1 ,5 0 1 ,0 0 1 7 7 5 ,9 8 1 1899. $ 1 ,3 3 5 ,5 4 2 6 8 5 ,2 1 7 * 7 2 5 ,0 2 0 $ 3 2 1 ,8 1 8 2 4 0 .0 0 0 6 4 ,0 0 0 $ 6 5 0 ,3 2 5 $ 2 !7 ,4 .e5 2 4 0 .0 0 0 6 4 ,0 0 0 $ 5 2 1 ,4 5 5 T otal.................................................... $ 6 3 0 ,6 7 9 $ 6 2 5 ,8 1 8 $ 1 2 8 ,8 7 0 $ 9 9 ,2 0 2 Surplus........................................ ............. $ 1 7 2 ,7 2 6 BALANCE SHEET DEC. 3 1 , 19 0 1 . Liabilities— Road and equipm ent..$ 1 0 ,6 7 5 ,1 3 8 C a p ita l............................. $ 6 ,0 0 0 ,0 0 0 3 ,4 7 3 ,3 7 3 Stores in hand..................... 4 9 ,4 2 8Bonds outstanding.. . . 7 0 .0 0 0 Accounts receivable.. 2 2 7 .9 9 5 M ortgages....................... 5 8 ,4 3 1 Cash in ban k........................ 3 7 ,378Accrued interest.......... 1 0 6 ,9 3 1 Cash in hand....................... 15,1 4 8Accounts and w a g es.. 1 1 ,9 6 3 Unredeemed tick ets.. 3 ,4 2 0 Injuries lu n d ................. 456 U n ifo rm s......................... 7 5 .0 0 0 Dividend No. 2 2 ........... 1 ,2 5 5 ,5 1 4 Profit and lo ss............... Total $ 1 1 ,0 5 5 ,0 8 8 American Hide & Leather Co. CStatement f o r the six m onths ended Dee. 31, 1901.) An official statement affords tbe following for the halfyear ended Dec. 31, 1901: Earnings.................................. Bond interest........................ Other interest....................... Maintenance and repairs. Bad debts................................ Advances to constituents $ 9 9 3 ,5 8 3 $ 2 5 5 ,7 5 0 2 8 ,1 1 6 9 2 ,2 0 7 1 5 ,5 0 4 2 2 ,8 4 0 T o ta l......................................................................................................... Surplus................................................................................... Previous surplus........................................................................................ $ 4 1 4 ,4 1 7 $ 5 7 9 ,1 6 6 3 7 7 ,1 3 9 Total surplus....................................................................................... $ 9 5 6 ,3 0 5 BALANCE SHEETS. Dec. SI ,’01 ’ J w ie 80.,’01. Dec. 81’01. June 80,'01. Assets— $ $ Cost of proper’s. ..26,439,227 25,870,200 Stocks of other co’s andadvances__ 1,142,910 1,102 ,494 10 to 1 2 0 ,8 1 9 Stock in trust...... Surplus........................... 9 4 4 ,6 8 2 1 ,4 8 7 ,3 9 2 1 ,2 4 0 ,8 4 6 Hides & lealb.,etc. 6 ,020,228 5,201 ,723 Bills receivable... 4,799 84 ,203 ' I n 1901 receipts from coal and also operating expenses Include Customers’ accts. 1,703,819 1,605,788 freight charges on the transportation of the coal, which oharges In Rents & sundries.. 88,413 81 ,322 previous years had been deducted. Unexpired insur’e 40,768 65 ,255 Accd. int. on sg.fd. 6,180 *, F o o t N o t e — This balance equaled on the capital stock in Cash..................... 245,941 849,180 Balance If (footn ote) 3 ,3 7 0 ,7 0 6 Dividends...................... 2,4 2 6 ,0 7 4 $ 3 7 4 ,5 4 2 but. $ 4 ,7 5 2 (F or the yea r ending Dec. 31, 1901.) T o ta l..................... ...$ 1 1 ,0 5 5 ,0 8 8 - V . 7 3 , p. 844. Delaware & Hudson Company. Sundry charges agst earnings..................... 1901. Daily average traffic......... 4 2 ,1 7 5 Gross earnings....................... $ 7 8 6 ,4 6 2 Operating expenses............. 3 8 8 ,7 9 9 1,8 7 0 ,8 1 9 1 ,7 5 0 ,0 0 0 1901 9 03 per cen t; in 1900, 9'16 per cen t; in 1899, 8 54 p. o. Total. .35,292,818 38,920,186 V. 74, p. 98. - V . 73, p. 498. 405. $ $ L iab ilities — Common stock....11 500.000 11,500,000 Preferred Block... 13,000,000 13,000,000 First mortgage ... 8, 210.000 8,875.000 Porelgu exchange. 745,319 202,004 400.000 cilia payable....... 135,041 Trade a co ts......... 227,777 28,001 26,448 Wages & salaries.. Interest on bonds. 170,600 103,000 Bad and doubtful 60,000 50,000 debts................. 377,139 Surplus................ 056,308 Total.............. 86,202,348 38,920,186 THE lib b ( o u s o l l d i i t e d UsiS C o, o f N ow Sia e n t fo r y titi C H R O N IC L E GEN ERAL IN V E ST M E N T Y ork . d Deo. 31, [V O L . L X X I V . 901.) ie annual m eetin g o IVIonduA r resident G iw t r y sa id : ercaioed, were $1,500,sdirclings, rs fl©Ar cru b6 the oapital stock issued r tb6 d.ivid6nd r6quir6rn6iits mh. * $1,838,000, —E ).] per cent on, say, $73,850,000 of gas for the last fiscal year were 10,400,000,000 eat, an increase o f 45 i,000,000 over the previous year. Tht eatest daily output «vas 70,000,000 cu b ic feet. The econom ies in m an ufactu re vare slight, bu t in d istribution they am ounted to $250,010. There was a great savin g in bad debts. There was paid out during the year $3,018,000 in salaries and wages. There was charged oif for taxes, w h ich includes the pending franchise tax, $1,070,000. Th ere was expended fo r con stru ction on gas w orks $1,700,000, on ele ctric ligh t plants, $2,300,000; on repairs, $895,000. There w as ch arged o if fo r depreciation $700,000, It w ill not be necessary to expend m uch for con stru ction npon the old plants durin g the com in g year. T h e w ork on the A storia plant is progressing satisfa ctorily. The ele ctric light business am ounted to 78,354,000 k ilow atts, an in crease o f 19 per cen t ov er 1900. The electric lig h t plants are w ork in g at fu ll cap acity. O ne-half o f the new electric plant under con stru ction , w ith a capacity o f fro m 125,000 to 130,000 horse pow er, w ill be ready fo r n ext year’s business. Tire com pan y has 1,740 m iles o f m ains and 523,597 m eters.— V . 73, p. 495, 186, M o n on g a h ela E lv e r C on solid a ted C oal & C ok e Co. ( R e p o r t f o r y e a r e n d e d O c t. 3 1 , 1 9 0 1 .) P resident J, B. F in ley says in part: Status —The company has Improved slnoe its organization, both in its financial and physical condition, and the present outlook warrants the expectation of continued prosperity. The Increase in current debt is wholly due to thp growth o f the business and is more than offset by the Increase in quick or liquid assets, which have inoreased $1,581,907, or $220,637 more than the current debt, and now amount to $5,196,970, or $1,686,218 in excess o f current liabilities Coal in boats and retail depots will always amount in value to from $1,500,0 Oto $2,500,000. Supplies on hand Include supplies at mines, docks and mills and will vary in value under ordinary conditions from $500,000 to $750,000, Maintenance and R epaibs of R iv e r C raft . —Large sums have been expended on the steamers, etc. They are now in much better con dition than when acquired; $315,474 has been written off for depre ciation during the late year, and a like amount for the year ending Oct. 31, 1900, R o yalty on Coat Mined .—T he sinking fund provision in the m ort gage provides that a f o u l shall be created, consisting of 10 cents per ton on all l^a inch coal mined, one-half of which shall be used to retire bonds, the other one-half shall be Invested in the purchase of ooal lands or other property, real or personal. From this fund the trustee has paid and canceled bonds to the amount o f $349.0 O, while the company has purchased additional coal lands to replace the acreage mined, from the remaining one-half of said fund. Coal L ands on the Monongahela R iv e r .—The acreage of coal has been maintained by The purohase of additional coal lands, so that the company owns as much acreage on the Monongahela River on Oct. 31, 1901, as it owned on Oct. 1, 1899, when it commenced business. M i n e s .—Electric plants have been installed at several mines since Oct, 1, 1899, at a cost o f $166,923, tipples, abutments, haulage and ventilating plants have been rebuilt and in a number of instances re placed and of greater capacity, also new “ T” rails and pit wagons added, all o f which except the electric plants have been charged to operating expenses, im proving greatly the condition o f the properties. Losses by fire, floods and accidents, whether on land or water, have been charged as.expsnaes. NEW S. KAILKOADS, INCLUDING STBEET BOA 08. Ballstoii (N. Y.) Terminal H R . —R e c e i v e r D i s c h a r g e d Justice Stover, at Amsterdam on Jan. 25, discharged F. H. Beach as receiver of this property. See plan for extensions, etc,, in V. 74 p 93. Baltimore & Ohio RR.—-B o n d s O f f e r e d . ~ K uhn, Loeb <& Co, and Speytr & Co. of New York and Spever Bros, of London will receive subscriptions on Feb. 4th till 3 P. M. for $20,000,000 refunding mortgage 4 per cent gold bonds issued by the Baltimore & Ohio RR. Co. on its Pittsburg Lake Erie & West Virginia System. The subscription price is 99% and interest to date of delivery. The mortgage securing these bonds is for the authorized amount of $75,000,000, the Union Trust Co. of New York being trustee. The bonds mature Nov. 1, 1941, but will be subject to call at par on and after Nov. 1, 1921. Of the total authorized issue ($75,000,000), $20,000,000 are off-red as above stated; $40,000,000 are held by the trustee to retire underly ing bonds of the system, of which $12,425,000 are subject to call; the remaining $15,000,000 are to be issued from time to time for improvements and additions to the property. When the underlying bond- have been retired, the new mortgage will be a first lien on all the properties of the Pittsburg Lake Erie & West Virginia System, consisting of 1,633 miles, and forming a direct connection with Pittsburg and the West and also between Pittsburg and Cleveland, Fairport, Lor ain and Sandusky. A list of the underlying bonds will be found on page 16 of the I nvestors’ Supplement , to which should be added the outstanding $150,000 Trumbull & Mahon ing 5s, due Oct. 15, 1917. The surplus earnings of the Baltimore & Ohio RR. over all charges for the year ending June 80th last were $7 187,985. The net earnings of the Pittsburg Lake E ie & West Vir ginia System for the same period were $5,302 743; fixed charges and taxes for the same period werj $3,276,541, but after the refunding now begun has been completed these charges will be reduced to $2,905,184, Application has been made to list the $20,000,000 bonds on the New York Stock Exchange. S e c u r i t y f o r B o n d s . — The bonds and stocks deposited with the Union Trust Co. of New York, trustee, as security for the Pittsburg Lake Erie & West Virginia system retnnding 4 per cent gold bonds due 1941, and the amounts thereof still held by the public are as follows: B on d s— A m ount D ep osited . B. & O. Pitts. Jet. & Middle Div. 1st M. 3^8. $7,635,050 Pittsburg & Western Ry. 1st M. 4s............... 5 ,9 8 2 ,0 0 0 Pittsburg & Western RR. 6s................. . ..... 81,000 Pittsburg New Castle <fe Lake Erie 1st M ---136,100 Pittsburg & Western RR. (new oo.) new M.. 8,500,000 Trumbull & Mahoning RR. bonds................. 200.000 Pittsburg Painesville & Fairport 1st M. 5s.. 9 4 0 ,o o o do do term. bds. 250,000 Cleveland Term. &s Valley RR. 1st M, 6s...... 24,0o0 Huntington & Big Sandy RR. 1st M. 6 s..— . 97,000 West Virginia Short Line RR. 1st M. 4 s ...... 3,000,000 Total............ S to ck s- S till R eid b y P u b lic. $6,175,480 3 ,7 1 8 ,0 0 0 None. 83,000 None. 150.000 6 0 ,0 0 0 None. 5,491,000 303,000 None. $21,845,050 $ 1 5 ,9 8 0 ,4 8 0 A m ount P e p sited Miles S till M eld of b y P u b lic. H oad . 214 None. S None. 77 $1,495,000 Pittsburg & Western RR. (new c o .)...... $13,500,000 Elwood Short Line R R ...— .............. 300 000 Pittsburg Cleveland & Toledo R R ......... 1,505,000 T he earnings and expenses fo r th e late year and the b a l Trumbull & Mahoning R R .................... 11 500,<'00 None. Pittsburg Painesville & Fairport com ... 800,000 None. > a n ce sheet on O ct, 31, 1901 and 1900, fo llo w : 53 do do pref... 219,300 3 0 ,0 0 5 e a r n in g s f o r teajk e n d i n g oct . 31,1901. Cleveland Terminal & Valley RR. com ... 4,594,300 21,000 / 82 do do do pref... 953,750 1,107,0001 Earnings..................................... ...............................................$ 2 ,9 0 6 ,3 5 5 Cleveland Lorain & Wheeling Ry. com ... 6,670,700 1,829,300 ? Less—General expenses ............. ....................... ............... . $13.5,54® do do pref... 2,699,700 2,300,300 5 1 9 2 Taxes, interest and discount..... .......... ............ 207,501 Ohiodo & Little Kanawha RR. com mon.... 578,500 839,500? 72 Maintenance and repairs on river cra ft........ .................. 208,291 do do preferred... 815,000 352,5<0$ Depreciation on river craft, e tc......................... 315,474 Eastern 17 Ohio RR ...... . ........... 300,000 None. *Royalty on coal mined........ .................... .............................. 402,500 Ohio River R R ......................... 213 84,630 Interest on bonds paid........ ............................................... 579,060 Huntington & Big Sandy R R ...... — . — 5,880,800 11 71,000 None. Dividend, 7 per cent on preferred sto ck ................... . 696,605 Ripley & Mill Creek Valley RR . . . . . . . . . . . 13 58,000 37,990 33 Ravenswood Spencer & Glenville R y---130,150 107,375 T o t a l....................................................................................$2,544,980 West Virginia Short Line RR___. . . . . . . . . 3,000,000 60 None. Net balance for year...... ........ . ........ $361,374 Monongahela River R R . ............. 31 1,800,000 None. Net balance for year ending October 31, 1 9 0 0 ............. . 495,687 West Virginia & Pittsburg RR. common. 2,500,000 None ? 158 do do preferred 897,500 163 5 T o t a l b a la n c e ..................................................................................... $ 8 5 7 ,0 6 1 * U s e d p a r t ly fo r re d e m p tio n o f b o n d s a n d p a r t ly r e -in v e ste d in p r o p e r t y . (S ee re m a rk s a b o v e .) BALANCE SHEET OCT, 31. A ssets— 19 00 . 1901 . C a sh on h an d an d in b a n k s . . . . . . . . . . . . . . . . . $ 2 6 9 ,2 3 5 $ 3 3 3 ,4 2 5 A c c o u n t s a n d b ills r e c e i v a b l e . . . . . . .............. 2 ,3 6 3 ,6 3 4 1 ,4 4 2 ,7 4 3 O oa l o n h a n d .. ................................... .............. 1 ,8 2 8 ,5 2 9 1 ,5 7 6 ,4 0 6 S u p p lie s o n h a n d .......... .................... ................ .. 6 7 1 ,3 8 2 3 2 6 ,6 7 9 O ffice f u r n i t u r e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 ,621 1 0 ,7 3 6 S t o c k s o f o th e r c o r p o r a t io n s .......... .. 2 6 2 ,0 5 0 2 4 6 ,7 8 8 In v e s t m e n t s .................................... J.. . . . . . . .3 8 ,3 5 4 ,4 3 4 3 8 ,1 5 1 ,3 0 9 T o t a l . ............................... L ia b ilitie s — $ 4 3 ,8 1 1 ,8 X 2 $ 4 2 ,0 3 9 ,1 5 8 Preferred stock................................. $9,965,000 Common stock................ ............................. . . . 20,000,000 Bonds................... ............................ ................ . x 9 ,479.000 Current debts...................... 3,510,751 Undivided profits............ ............................. . . 857,061 x 9 ,4 7 9 ,0 0 0 2 ,1 4 9 ,4 7 1 4 9 5 ,6 8 7 T o ta l,............................. .................................... .$ 4 8 ,8 1 1 ,8 1 2 20,000,000 $ 9 ,9 1 5 ,0 0 0 $ 4 2 ,0 3 9 ,1 5 8 ^ E x c l u s iv e o f $ 3 4 9 ,0 0 0 c a n o e le d fo r sin k in g fu n d a n d $ 1 7 2 ,0 0 0 in tr e a s u r y to c o v e r o u ts ta n d in g lie n s o n p r o p e r t y p u rch a se d . T he directors for the current year are: J . B . F in le y , G e o . W . T h eis, H . O. F o w n e s , 8 . 8 . B r o w n , H u g h M o re n , A. J u tte , O. A . B la c k b u rn , G eo. I. W h itn e y a n d W . B . R o d g e r s . - V . 7 4 , p . 1 5 5 , 99. T o ta l........... ................................ .............. .$ 4 7 ,2 7 3 ,7 0 0 $ 7 ,1 5 5 ,4 5 8 x l , 2 4 0 “ItT he Pittsburg Lake Erie & West Virginia system mortgage will embrace, by deposit of collateral, not only the 1,240 miles here shown, but also the 376 miles covered by the B, & O. Pittsburg Junction & Middle Division first mortgage 3*28 ($7,635,050 thereof of the $13,810,530 issued being included in the collateral); also Pittsburg <fe Northern RR., 3 miles; Pittsburg Junction RR . 7 miles; other, 7 miles; total, 1,633 miles; as above stated, under “ Bonds Offered.” New Stock.— The proceeds o f the $33,587,200 additional com m on stock w h ich , as stated last w eek, is to be listed on the N ew Y o rk S tock E xchan ge as fro m tim e issued, raising the total com m on stock listed to n ot exceeding $75,998,300, are to be applied to repay the B. & O fo r its purchase p rice of stocks in the several com panies nam ed above under ‘ ‘ Stocks" and some m in or issues (th e aggregate fa ce value o f all such stocks, as reported to th e N ew Y o rk Stock E xchan ge, being $44,255,250 out o f a total outstanding o f $53,494,598, See foot-n ote fo llo w in g ), and fo r other purposes as below : To reimburse the company for the cost [$17,079,562] of .... ---------- $17,079,512 said $44 255,250 stocks..................... To reimburse the company for amount paid by it on debts of these various roads......... ............... .............. ............ 4,090,060 To pay on floating debts of the roads........................ ......... 1,867,620 Note —The apparent discrepancy between the total face value of the stocks acquired, as here indicated, and the amount show u above as pledged uuder the Pittsburg Lake Erie A Western system inert THE CHRONICLE. F e b r u ar y 1, 1902. J 2(>7 gage, is duo to the faot that the last-named Includes the following and Detroit S o u t h e r n R y . — Road Purchased.— The com other Items not embraced by the former, vl/„: Pittsburg Palnesvlllo A pany has purchased from Charles R. Batt of Boston, and Fair port. $1,019,300 stock; Pittsburg A, Western, the difference ($1)90,000) between the outstanding capital stock ot the new company and aHsooiates, a controlling interest in the Iron R y,, extend that of the old company. ing from Ironton, O ., to Centre, 18 miles, with branches 7 This issue leaves $17,462,800 unissued common stock, out of the total increase of $40,000,000 authorized by the direc tors on Nov. 14, 1901, which will be applied as follows: To be sold later to provide for thobalanoe of iloatlng debt. $4,564,758 For Improvements necessary to be made soon................. 6,000,000 To acqnlre balanoe of outstanding stook for deposit un der mortgage above described and reorganization ex penses................................................... ....................... 7,898,047 The aggregate outstanding mortgage debt of the compa nies named above is $42,182,000, and their floating debt, $9,721,371; total, $61,853,371. Of this total B, & O. owns $13,085,059, leaving outstanding in the hands of others, $38,768,312. on which the annual interest charge is about $1,751,597. — V . 74, p. 150, miles. Suit Dismissed.—Justice O ’ Gorman, in the Supreme Court in tniB city, on Thursday dismsised the complaint in the action brought by W ilbu r C. Brown for himself and other bondholders of tbe Lima Northern Ry. againrtt the reorgani zation committee, for the purpose of delaying the distribution of the new securities on the ground of an attempt to “ f reeze out” the minority bondholders. See V . 72, p. 1135, 1187.— V. 73, p. 1261. Dominion Securities Co.— See Canada Atlantic R y. on page 204 of last week’s C hronicle, — V . 73, p. 1812. Eastern Ohio Traction Co.—Consolidation.— Cleveland advices says that on Jan. 20 at a joint meeting of the stockhold Caffery Central Sngar Refining & RR. Co., Franklin,La.— ers of the Cleveland & Eastern, Cleveland & Chagrin Falls Receiver.— This company’s sngar plantation and refinery and and Chagrin Falls & Eastern railways, it was decided to the Franklin & Abbeville R R . Co., both located in Franklin, merge the properties under the title of the Eastern Ohio L a ,, were placed in receiver’s hands on Jan. 21 by Judge Par- Traction Co. The new company, it is understood, will have a capital stock of $2,500,000 and an authorized bond issue of lange in the United States Court at New Orleans. like amount. The Chagrin Falls & Eastern is now under Canadian Pacific Ry.—New Stock.—The Dominion G ov construction from Chagrin Falls southeast to Troy and Garernment has authorized the company to issue $20,000,000 ad rettsville, and is projected to Youngstown. See Cleveland & ditional common stock, subject to the sanction of the com Eastern Ry. on page 28 of Street R ailway Supplement. pany’s shareholders, to be sold at not less than par, the pro Earnings. —The results of the operations of the prop-rties ceeds to be applied as follow s’ to be consolidated for the calendar years 1901 and 1900, as New rolling stock and locomotives, $9,000,000; double-tracking, reported, compare as follows: $6,000,000; new plants and shops, chiefly at Montreal, $1,500,000; Year— Gross. Net. Charges. B at.,def. new elevators and improvements of terminals, $3,000,000; miscella 1901................................$138,366 $54,342 $55,701 $1,359 neous Improvements, $500,000. 1900............................... 112,639 42,595 49,442 6,847 President Shanghnessy states that the growing demands of Great Northern R y .— Litigation.—In the Hennepin Coun the company’s business require that it should be in the po sition of being able at any time to secure the means of carry ing out necessary improvements. No action has yet been taken by the directors in regard to the contemplated im provements, which, it is supposed, may extend over a period of three or four years, nor as to the amount of stock to be issued at present; but in making applications of this kind, it is explained, it is necessary to offer details,— V . 74, p. 93. Canton-Massillon Electric Ry.—Bond Sale.— E. H . Rol lins & Sons of Boston have purchased $326,000 of this com pany’s 5 per cent bonds of 1920. The proceeds, it is said, will be used to pay $200,000 floating indebtedness, for improve ments and for new cars. The Canton-Massillon Company is owned by the Northern Ohio Traction Co,— V . 73, p. 1263. Chicago & North Western R y .— Called Bonds. —Five and six per cent sinking fund bonds of 1879 to the amonnt of $131,000 have been drawn for redemption, and will be paid at the Farmers’ Loan & Trust Co. at 105 and accrued inter est to Feb. 1, 1902, after which date interest ceases. See ad vertisement on another page.— V . 74, p. 204, 93. Chicago Rock Island & Pacific Ry.—Moore Control.— A t a meeting of the directors on Thursday of this week, George G , McMurtry, F. L. Hine and F. S. Wheeler were elected di rectors in place of H . R . Bishop, Tracy Dows and F. H. Griggs, who retired. The executive committee now consists of R R. Cable, W m . B. Leeds, D. G , Reid, W m . H . Moore, James H . Moore, Marshall Field and A . R. Flower, W ith the new members the Moore interests have a majority both of tbe board of directors and of the executive committee.— V . 73, p. 1263. Cleveland Elyria & Western Ry.—Earnings.— The results for the calendar years 1901 and 1900 are reported as below: 'Year— Gross. 1901......... $249,259 1900.......... 179,697 Op. exp. $136,865 102,394 Net. $112,394 77.303 Interest. $57,023 34,561 Surplus. $55,371 42,742 The Elyria Grafton & Southern Electric R y., extending from Elyria to Grafton, 9 miles, mostly on private right of way, is understood to have been purchased by, or in the in terest of, the Cleveland Elyria & W estern.— V . 78, p, 1356. Cleveland Palnesville & Eastern (Electric) RR.— Earnings.— The results for the calendar years 1901 and 1900 are reported as follows: ty District Court at Minneapolis on Jan. 23 Milton L. Bou den, the owner of 400 shares of the preferred stock, and Sophia Barth Chapman, as owner of 100 shares of the same stock, applied for an injunction to prevent the company from paying any dividends on any stock held or owned by the Northern Securities Co. “ or any person or corporation for or in its behalf, or from making any reports of the status of the affairs, business or operations of the Great Northern Co. to the Northern Securities Company.” The court is asked to declare the relation of the two companies contrary to the provisions of the laws of Minnesota. See Northern. Securities Co. below.— V . 74, p. 94. Great Northern Railway of Canada.— Bonds Offered.— Rudolph Kleybolte & Co. of 1 Nassau St., N ew Y ork, Chi cago and Cincinnati; Montgomery Rollins & Co., Boston; Cramp, Mitchell & Sertill, Philadelphia; J. W illiam Middendorf & Co., Baltimore, and Townsend Scott & Son, Balti more, offer at par and interest, subscription books being opened at 10 o’clock A . M. to-day, $3,000,000 of the com pany’s first mortgage 50-year sinking fund 5 per cent gold bonds, due Jan. 1, 1950, principal and interest (January and July) being payable in gold at the Central Trust Co. of New York, trustee. The bonds are part of a total issue of $4,040,000, the balance having already been placed, $3,540 000 of which have been issued at $20,000 per mile on '77 miles of completed road arid $500,000 on account of the Hawkesbury Bridge. Application will be made to list the bonds on the New York Stock Exchange. A letter from Hon. Pierre Garneau, President, to the bankers, says: Notwithstanding the drawbacks attendant upon the beginning of operation of a new line of railway, the results from the first six months’ business ot actual operation of the road from May 1 to Oot. 31. 1901, have been most satisfactory, being as follows : Total gross earnings, $249,327; operating expenses, $144,744; net earnings, $104,583. In my.judgment, tbe results are not a measure of the future possi bilities of the railway. The completion of the line into Montreal, now under construction by the Chateaugay & Northern Railway, will double at once the looal business of the road. The inor<-ased ooean tonnage which th6 company will have next year from the port of Quebec should double or treble the income of the past summer from tnrough business. It is my belief, however, that the railway will he able toeam Its fixed charges entirely from local business,—V. 73, p. 32. Hocking Valley Ry .—Called Bonds.— Fifty-one ($51,000) Columbus Hocking Valley & Toledo R y. Co. Car Trust Series “ A ” bonds have been drawn by lot for redemption at par and accrued interest, on April 1 1902, at the office of the Atlantic Trust Go., New York City. Guaranteed Bonds.— See Kanawha & Hocking Coal & Coke Co,, under “ Industrials,” on page 271.— V . 73, p. 1356; Y . 74, offered by them were sold at less than 106, and that the p. 94. price now is 110. The word “ n early” was accidentally Houston & Texas Central RR.— Called Bonds.—One hun omirt* d in the recent item in which the yield was referred to dred first mortgage bonds of 1890 of $1,000 each have been as 5 per cent. Extension.—The Chicago & Cincinnati R R . Co., which was called for payment at 110 and interest, and will be paid on incorporated last week with $50,000 authorized capital presentation at the company’s office in the Equitable build stock, proposes to build a 50-mile line from Chicago to North ing, interest ceasing March 81, 1902. The numbers of the Jndson, lud., connecting there with the Cincinnati Rich bonds will be found in our advertising columns.— V .73, p. 957, International & Great Northern RR.—New Bonds. — Ap mond & Muncie R R , and forming therewith a new through line from Ci cinnati to Chicago. The directors include tee plication has been made to the New Y ork Stock Exchange following officers of the Cincinnati Richmond & Mancie: to list $740,000 additional first mortgage and $740 006 addi W illiam A. Bradford Jr., Henry A . Christy. John A . S. tional second mortgage 5 per cent gold bonds. - V . 74, p. 151. Graves.— Y . 74, p. 150. Iron Ry.—Sold.— See Detroit Southern Ry. above. Detroit* Port Huron Shore Line Ry.—Earnings. - The Kanawha & Michigan Ry.— Not a Guarantor.—See K a stat» meat for the calendar years 1901 and 1900, as reported, nawha & Hocking Coal & Coke Co., under “ Industrials,” on Is as below: page 271.— V . 73, p. 1856. Y ea r— Gioss. Net. Charges. Ilal. for site. Kansas City Peoria & Chicago Ry.— In Possession.— A 1901.........................$380,624 $112,894 $u6,300 $46,594 deed conveying the property of the former Kansas City & 1900......................... 200,673 120,436 81,315 89,121 Northern Connecting R R . (foreclosed) to this company for —Y. 74, p. 205. Y ear- Gross. Net. Charget. Bat., sur. 1901...............................$164,971 $77,869 $72,600 $%369 1900............................... 141,112 71,520 72,500 def. 980 —Y. 67, p. 1356. Cincinnati Richmond & Mancie RR.—Price for Bonds.— Geo. A. Fernald & Co. inform ns that none of the bonds 268 LHE CHRONICLE, $800,000, was tiled at 8t, Joseph, M o., on Jan. 24.—V . 78, p, 1061, K ansas C ity W a tk in s A G u lf B y .— Sale Feb. 24 .— 'T he foreclosu re sale is advertised fo r Feb. 24 at the City o f Lake Charles, La. (See page 10 o f “ N ew Y ork Tim es ” fo r Jan. 87.) T he sale is pursuant to the decree entered A pril 4, 1898 (and am ended D eo. 7, 1901), by the U nited States G ircn it C ourt, W estern District o f Louisiana. T h e prop erty to be sold includes, w ith all equipm ent, lands, e tc., “ a line o f ra il way 98'37 m iles in length, now con stru cted and in operation through the parishes o f Calcasieu and Rapides in the State o f Louisiana, beginning at Lake Charles, in C alcasieu Parish, and ending at A lexandria, in R apids P a rish ,” togeth er w ith tw o branches a ggrega tin g 2'83 m iles. A , H . L eon ard is Special M aster and Turner, R olston & H oran are the N ew Y o rk a ttorn eys,— V . 78, p. 82. Lake Street. E levated K R . o f C h ic a g o .—Decision.— Judge T u th ill, in the C ircu it C ou rt at C h ica go on Jan, 23, decided that the N orthern Trust Co. is required, under the sca lin g agreem ent, to can cel 40 per cen t o f the deposited first m o r t gage bonds and to d eliver, the rem aining 60 per cent in exch ange, $ fo r f , for the ou tstan din g debentures when requested to d o so by the elevated com p a n y .— V , 74, p. 151. L o n g -a n d -S b o rt-R a u l L a w .—See L ou isv ille & N ash ville R R . below . L os A n g e le s & R e d o n d o R y .— Bonds.— T he shareholders on January 3 authorized an issue o f $500,000 bonds, to p ro vide fo r ch an gin g the road from steam to electricity. The line extends from R ed on d o to L os A ngeles, 17‘7 m iles, and has outstanding $500,000 stock in $100 shares; no bonds. In the year ended June 30, 19C0, gross earnings w ere $55,489 (o f w h ich $15,694 was from ca rryin g 71,902 passengers, rem ainder fro m fr e ig h t ); net, $11,438; interest, 2,762; taxes, $1,628; balance, surplus, $7,048. T h e P resident is L . T . G arnsey, Los A ngeles; Secretary and Treasurer, H , B. A in sw orth , R e dondo, Cal. L o u isia n a W estern R R .—Lease Terminated.— See S ou th ern P a cific Co. b elow . L o u is v ille & N a s h v ille R R .— Decisions.— T h e Suprem e C ourt o f the U n ited States on Jan. 2 sustained th e decision o f the K en tu ck y cou rts h old in g th e com p a n y liable fo r a fine o f $SC0 for v iola tion o f the K en tu ck y lon g-an d-sh orth aul law . The same co u rt has also sustained the M cC hord A c t w h ich w ent in to effect on June 14, 1900, and w h ich gives the K en tu ck y R ailroad C om m ission pow er to declare fre ig h t and passenger rates to be extortion ate, and thereupon to fix the rates w h ich m ay be ch arged, under penalties up to $5,000. T he C ourt h olds, h ow ever, th at the State ca n n ot regulate rates excep t w ith in its ow n borders, and that any attem pt to d o so w ou ld be an in terferen ce w ith inter-State com m erce, and thus w ith the pow ers o f the Inter-State C om m erce C om m ission. See editorial articles in “ R a ilw a y A g e ” o f Jan. 17 and Jan. 24.—Y . 74, p, 94. M a ssach u setts E le c t r ic C o m p a n ie s — New Stock for Sub sidiary Companies.—T b e B oston & N orth ern and O ld C olony Street R a ilw a y com pan ies have petition ed th e M assachusetts R a ilroad C om m ission fo r perm ission to issue n ew stock to th e am ou n t o f $400,000 and $100,000, resp ectiv ely .— Y . 78, p. 1310, 1313. M e x ica n E a stern R R .— Incorporated .— This com p an y was in corporated in D elaw are on Jan. 27 w ith $5,000,000 au th or ized capital stock, In corp ora tors: Join Phelps, Baltimore; Sydney A. Wetherby, Detroit; Josiah Qutney, Boston; Sylvester T. Everett, Cleveland; Leander McBride, Cleveland; John Scott, Sew York, and James L. Wolcott, Dover. See also M exica n Eastern R y . b elow . M e x ica n E a stern R y .— Bond Sale.— F iv e per cen t de bentures o f this com pan y to the am ount o f £400,000 w ere recen tly offered fo r subscription in L on d on at 95 per cent, T he com pan y is a subsidiary corp oration o f the In ter-ocean ic R y , and the plan o f that com pan y under w h ich the deben tures w ere issued w as fu lly stated in Y, 73, p. 1264. T he Interocean ic ow n s the en tire £10,000 capital stock. See M ex ican Eastern R R . a b ov e.— V . 73, p. 1284. M org a n ’ s L o u is ia n a & T e x a s R R .— Lease Terminated.— See Southern P acific Co. below . N ew O rlea n s C ity R R .—Meeting March 2 4 — T he] share holders’ m eeting to v ote upon th e - rep osition to lease the p rop erty u n til Jan. 1st, 1956, to the N ew Orleans R a ilw a y C o is advertised fo r M arch 24, in N ew O rleans,— V . 74, p. 206, 41. N ew O rlea n s & N o rth e a ste rn R R .—New Securities ,— The shareholders w ill v o te M arch 5 on a proposition to increase th e capital stock by $1,000,000 and to create $8,000,000 o f f y z per cen t m ortga g e bon ds and $1,500,000 per cen t in com e bonds, to retire ou tstanding 6 per cen t m ortga g e bonds, to discharge existin g liabilities and p rovid e fo r contem plated im provem ents. T he Southern R a ilw a y C o., it is reported, w ill be interested in this term inal property w h en reorgan ized .— V . 73, p. 1262. N ew O rlea n s R y . Co.— Incorporation. — This com p a n y was in corporated at T ren ton , N, J ., on Jan, 28, w ith $5,000,000 au th orized capital stock. T h e n ew com p an y w ill take over the N ew Orleans C ity R y . under lease. See th at com pany above.—V . 74, p. 206. New York Central & Hudson River R R .— Verdict in Tunnel W reck Inquest.— T he C oroner’s ju r y appointed to in qu ire in to th e deaths o f the seventeen v ictim s o f the recen t [V ol . l x x iy . tunnel disaster, late on Jan. 25th b rou g h t in a v erd ict that the danger signal at 59bh St. was p roperly set; that E ngineer W isker cou ld n ot see the sign al on accou n t o f sm oke and steam, and that the officials o f the road are responsible for this con d ition o f affairs. Tunnel Restrictions. — T h e State R a ilroad C om m ission on Tuesday issued the fo llo w in g orders reg a rd in g trains in the Park A ven u e T un n el: The speed of trains in the tunnel shall he limited to eighteen miles an hoar, Oil lamps must not be used in passenger ears. Locomotive engineers must not be placed in charge of passenger trains until they have made at least 25 trips over each track or 100 trips through the tun nel under a competent engineer, who has had at least two years’ experience. No soft coal shall be used while running through the tunnel.—V. 74, p. 161. N o rth e rn O h io T r a c tio n C o.— Earnings .— T he results for the calendar years 1901 and 1900 com pare as follow s: Calendar Gross Net yeat— earmngg, earnings, 1901........ $617,011 $266,166 1900................. 513,726 196,250 - V . 73. p. 1318. Nixed IHoidends Bal fo r charges. on prof. com. ilk. $136,162 <5)$50,000 $80,004 141,133 (5) 26,000 30,117 N orth J e rs e y S tre e t R y .— Decision. — T h e C ou rt o f E r rors and Appeals at T ren ton , N . J ., on Jan, 27, b y a vote o f 7 to 3, reversed the ju d g m en t o f the Suprem e C ourt, w h ich upheld the city o f N ew ark in ta x in g as real estate the righ t ot the com pan y to the use o f the p u b lic streets. See “ State & City D epartm ent,” page 281; also V: 72, p. 1188.—V . 73, p. 1313. N o rth e rn S e c u r itie s Co.— Investigation.—The in vestiga tion o f the Inter-State C om m erce C om m ission in to the org a n ization o f this com pan y was held at C h ica g o on Jan. 24 and Jan. 25. A m on g the witnesses w ere J. J. H ill, E. H, H arriman, G eorge B. H arris and Charles S. M ellen. N o new facts appear to have been elicited. F ret Dividend.— A first dividen d o f 1 per cen t w ill be paid Feb. 1 to stockh olders o f record Jan. 31.—V . 74, p. 152, 94. P e n n s y lv a n ia R R .— M erger.— A rrangem ents w ere recen t ly m ade fo r the purchase o f the p rop erty and fran ch ises o f the T renton Cut-O ff R R . Co , a subsidiary com p a n y , w h ose $100,000 stock w as already ow n ed and w hose line w as b u ilt in 1889-92 fro m M orrisville to B ucks C oun ty L ine, Pa., 15 7 m iles. T he Cut O ff had ou tstan din g $1,200,000 o f debenture certificates.— V . 74, p, 42. P it t s b u r g & L ake E r ie RR .—Increase o f Stock.—T h e shareholders on Tuesday approved the proposition to increase the capital stock fro m $4,000,000 to $8,000,000. (See V . 74, p, 152.) A ttorn ey -G en era l K n o x and S. R . C allaw ay w ere succeeded on the board b y G eorg e E. Shaw o f P ittsbu rg and F . W . V anderbilt. J . M. S choom naker was elected President to succeed W illia m H . N ew m an .—Y . 74, p. 152. P it t s b u r g & W estern R A IL E D A D .—Successor Company, — This is the nam e o f the n ew com p an y w h ich baa been o r ganized to take ov er the property o f th e R a ff frag com p a n y foreclosed. The capital stock is $13,500,000, all ow n ed b y the B altim ore & Ohio, and b y it pledged as part secu rity fo r its P ittsburg L ake E rie & W est V irg in ia System m ortgage. T he P ittsb u rg & W estern R R . Co. w ill m ake a m ortga g e to secure $3,500,000 bonds, and these, w ith a m a jo rity o f the underlyin g bonds, w ill fo rm p art o f the colla tera l o f the aforesaid B. & O, m ortgage. T he property w as fo rm a lly transferred to the n ew com pan y on Jan. 28; it w ill be o p e r ated as a division o f the B altim ore & O hio, w h ich see above, The officers are: W . M . K en n edy, A llegh en y, P residen t; C. W . W oolford , B altim ore, S ecretary, and J. V . M cN eal, B a l tim ore, T reasurer.—V . 73, p. 1109. P o n c e E le c tr ic Co.—New Enterprise.—This com p an y has been incorporated at Trenton, N . J ., w ith $415,000 capital stock to operate street railw ays and electric-lig h t plants in P orto R ic o ; $350,000 o f 6 per cen t 30-year gold bon ds are to be issued. A trolley lin e is u nder con stru ction in P on ce and w ill extend th en ce to the port, a distance o f 3 miles. Stone & W ebster, Lee, H iggin son & Co. and D e F o rd & C o ., o f B oston, are interested. R a p id T r a n s it in N ew Y o rk C i t v . ~ New Atlantic Avenue Commissioner.— W illia m F . P otter, G eneral Superintendent o f th e L on g Island R R ., has been appointed a m em ber o f the A tla u tic A ven u e Im provem en t Com m ission, to su cceed Chas. M . P ratt, resig n ed .— V . 74, p. 152, 95. R a p id T r a n s it S u b w a y C o n s tru ctio n C o.— Explosion,— A n explosion took place at n oon on M onday in the rapid transit su bw ay ex ca v a tion at 4th A v e . and 41st St., k illin g eigh t persons, tearin g np th e n early com p leted su bw ay w orks fo r several b lock s and m ore or less seriously in ju rin g the Murray H ill H otel, the G rand U n ion H otel, the M anhattan E ye & E ar Infirmary7and th e G rand Central Station, and other bu ddin gs. T he question as to the lia b ility fo r the dam age, supposed to aggregate over $200,009, is yet to be determ ined. —V . 73, p. 1357. R u tla n d WR.—Equipment Bonds .— T h e directors have a u th orized an issue o f $1,500,000 4% per cen t equ ipm tu t bonds payable in fifteen years, to cov er the cost o f additional rollin g s t o c k , - V . 74, p. 207, 95. St. Albans (V t.) S tre e t R R .— Bands.—'T his com pan y has sold to F og g & Co, o f Springfield, Mass,, its entire issue o f $150,000 first m ortga g e 5 per cen t 20-year- bonds; M assachu setts L oan & T rust Co. o f B oston, m ortgage trusts e, St. Louis Memphis & Southeastern R R .—Details of Mortgage.—T he n ew m ortgage is m ade to the Old C olony Trust Co. o f B oston and Joh n F . Shepley o f St. L ouis, as trustees, to secure an issue o f $U>,000,000 fifty year first mortgage 4 per cen t g o ld bonds, m aturing Jan. i, 1952, but F ebruary 1, 1902.] T H E C H R O N IC L E su b ject to call at 105 and interest at the option o f the c o m pany on any interest day on 8 m onths’ notice. O f the $8,530,000 present issue, sufficient are reserved, to retire the $1,945,000 Southern M issouri & Arkansas R R . 5s o f 1899 n ow issued or issuable, at least $1,780,000 o f w h ich , it is expected, w ill be retired before May 1, 19021—■Y . 74, p. 207, 95. St. L ouis V a lle y Ry.— P rogress o f C onstruction .— G eneral M anager W illiam E. G u y o f St. L ouis, M o,, states that this road is under construction fro m East St. L ouis to C airo, 111., 146 m iles, and that 20 m iles have been com pleted from East St. L ouis south.— V . 74, p. 207. San Pedro Los Angeles & Salt Lake RR.—Directors,— F. K . R u le and R oss W . Sm ith o f L os A ngeles have been elected directors, to succeed G eorge B, L eighton and C. W . Clark. C on stru ction .— W illiam A . Clark is quoted as saying that everything is m ov in g as sm oothly as possible, and that con stru ction at the Salt L abe end o f the line w ill probably begin this sum m er. The m ain line fro m L os A ngeles to Salt Lake w ill be nearly 750 m iles in length. The “ R a ilw a y A g e ” says: Up to tlie present time a considerable proportion of the ties and about 8,000 tons of rails have been delivered. There are further de liveries of rails almost dally, and ties are arriving at the rate of one or twoshiploads a week. Twenty carloads of steel bridgematerial are al ready on hand. The surveys are nearly completed and mapped, and the greater portion of the right of way has been seoured. Orders have been placed for several hundred box and flat cars and two com plete vestibnled trains, as line as the Pullman shops can turn out. Six large passenger engines (70 tons) are also In course of construc tion. It is proposed to build a roadway similar to those of the New York Central and Pennsylvania lines, with 18-foot crown, rock bal lasted, 75-pound steel rails. 3,160 ties to the mile, with steel bridges and stone culverts throughout. In other words, it will be what Is technically called “ permanent construction.” The portion of the Terminal road between San Pedro and Los An geles, which will form a part of the trunk line, has already been rebuilt in this manner. About 25 miles of roadbei east from Los Angeles and extending to Pomona has been graded, and on this the work of con struction is soon to be pushed. Some miles of roadbed have also been constructed in Nevada. The new road will have a considerable ad vantage over the Southern Pacific and a slight advantage over the Santa Fe in point of distance in reaching Missouri River points. Its strong suit, however, will be in grades, which will be considerably better than those on the two other lines named. The Coast range divide, through the San Bernardino Mountains at Cajon Pass, will give the easiest gradient of any of the great trans-continental high ways entering California. The country through which the new road will pass, in Southeastern California, Southern Nevada and Southwestern Utah, is virgin soil, rich in minerals. Including iron, lead, copper, coal and the precious metals. It is certain to develop a large tonnage in profitable freights as soon as railroad facilities are provided. T h e w ork o f con stru ction through this territory is to be pushed from both term in i and fro m tw o or three interm edi ate points. It is hoped th at the line m ay be com pleted and placed in operation by the end o f the present year or early in 1903, thus opening up, w ith its Salt Lake connections, an other trans-continental rou te.— V. 74, p. 95. Seaboard Air Line Ry.—iVew D irecto r.— A lexander Smith Cochran has been elected a d irector to succeed his father, the late W illia m F. Cochran o f Y o n k ers.—V . 74, p. 96. S ou th ern Pacific Co.—R efu n d in g.— A p ia n is being pre pared fo r the issuance o f long-term low -rate m ortgage bonds to provide fo r m aturing bonds and issues su b ject to ca ll; but we are in form ed it w ill be some m onths b efore any a n n ou n ce m ent w ill be made in connection with this matter. R ep ort D en ied.—The rep ort that the M exican N ational and M exican International have been sold to the Southern P acific Co. is denied by M r. Jam es Speyer. Lease Term inated.—The leases o f the M organ’s L ouis iana & Texas R R . & SS. Co. and Louisiana W estern prop erties to this com pany expired on Jan. 1, 1902, and notice is given that the properties w ill h enceforth be operated inde pendently, although in harm ony w ith the lines o f the South ern P acific system .— Y . 74, p. 41, 43, 152. S ou th ern P a c ific R R .—A p p lica tion to R eopen Land Case. — Joseph H Calla, as the representative] o f the U nited States G overnm ent, on Jan. 20 entered a m otion in the United States Suprem e C ourt to open and correct the ju d gm en t in the land cases decided recen tly (see Y . 74, p. 152.) He asks that the C ircu it Court be directed to enter a decree provid in g: In favor of the Government for the lands outside the 20 mile limits of the grant to the Southern Pacific made in 1880, but within the 30mile limits of the grant made to that company by the Act of 1871 and overlapped by the 30-mile limits of the grant to the Atlantic <fe Pacific RR. Co. by the act of 1866.—V. 74, p. 152. T o le d o & O hio C en tra l R y . —G uaranteed B o n i s .— See K anaw ha & H ock in g Coal & Coke C o., under “ In du strials,” on page 271.— V . 73, p. 1858. T o le d o R a ilw a y s & L ig h t Co .—E arn in gs.— The results fo r the calendar years 1901 and 1900 com pare as fo llo w s : Y ea r— (irons. N et. C h a rges. 269 s o n A v o . t o 4 2 d B t. a n d t h e G r a n d C e n t r a l H t a t l o n ; a l o f r o m 1 4 U i a r id H u d s o n S t s . s o u t h w a r d u n d e r H u d s o n H t ., C o l l e g e P l a c e a n d Green w i c h B t., t o B a t t e r y P l a c e , a n d t o a n d a r o u n d B o w l i n g G r e e n . The directors are the fo llo w in g N ew Y ork m en, Messrs. Yoorhees, Stanton and C ox being con nected w ith the Stand ard Trust Co. : F r a n c i s H . L e g g e t t , 'F r e d e r i c k P . V o o r h e e s , R o y s t o n e , C h a r le s F . B i n t l l l e , L o u i s L B l a n t o n , W i l l i a m O . C o x . M . IS . R o b i n s o n , A p p l e t o n I). P a lm e r , J o h n A . S te w a r t. U n ion T r a c tio n Uo. o f P h ila d e lp h ia .—R tnjotiations.— John M. M ack, representing the rival rapid-transit franchises see A m erican Elevated R R . in C hronicle o f Jan. 18, p. 49,), m et on W ednesday five o f the d irectors o f the U nion T raction Co. to discuss his projiosition fo r a m erger o f the tw o interests. The plan is believed in P hiladelphia to in volve the organization by the M ack F oerderer syndicate o f a new com pany w h ich shall take over under lease the U nion T raction system. The “ Philadelphia L ed ger” on Thursday said: I t Is c e r t a in t h a t a le a s e o n t h e b a s is t h u s f a r d is c u s s e d , t h a t Is , o n a s lid in g s o a le o f d iv id e n d s , b e c ln n ln g a t 3 n e r c e n t , o r $ 1 5 0 a s h a r e , fo r t w o y e a r s , a n d th e n a d v a n c in g u n til a lt e r s ix y e a r s 6 p e r c e n t s h a ll b e r e a c h e d , w ill b e o p p o s e d b y m a n y o f t h e s t o c k h o ld e r s , o i w h o m s o m e a r e I n flu e n tia l. T h o s e w h o o b je c t t o s u c h a le a s e s a y t h a t t h e c o m p a n y is a lr e a d y e a r n in g 3 p . o ., a n a t h a t t h e p r o s p e c t s a r e f o r s u c h g r a d u a l In c r e a s e in th e b u s in e s s a s w o u ld p a y g r e a t e r d iv id e n d s lu t h e fu t u r e . A o a ll o f $ 5 a s h a r e h a s b e e n e x p e o t e d , b u t it w a s a ls o b e lie v e d t h a t c o u p le d w it h t h is , w h ic h w o u ld p r o v id e fo r I m p r o v e m e n t s , w o u ld , b e a d iv id e n d . T he new com pan y, it is said, w ou ld p rob a b ly be k n ow n as the Consolidated T raction C o.— V. 74, p. 152. Wabash River Traction C o.—M ortg a g e.— The am ount o f the new m ortga ge is stated as $350,000. See V . 74, p. 207. Washburn Bayfield & Iron River RR.—E xp ected D ecision. — The Suprem e Court o f W iscon sin was expected on Jan. 28 to decide w hether or n ot it w ill grant a w rit au th orizin g the A ttorney-G eneral to bring suit against R eceiv er F rost to prevent him fro m carryin g out the order o f the F ederal C ourt to tear up the tracks. D eputy sheriffs are n ow gu ard in g the road b y order o f C ircu it C ourt Ju dge P arrish .—V . 73, p . 901. Western Maryland RR .—P rop osition s,— Mayor H ayes, on Jan. 24, subm itted to the C ity F inance C om m issioners p rop ositions w ith reference to the purchase o f the property by H am bleton & C o. o f Baltim ore, W . H enry H enderson o f Philadelphia, C, H . W h ite & Co, o f N ew Y o r k , Sam uel R . M acLean of P ittsbu rg and F rancis A . Coffin o f N ew Y ork . A bill was introduced in the M aryland L egislature on Jan. 21 to forb id the sale o f the interests o f the C ity o f B a lti m ore in the property (see Y . 73, p. 1012) excep t upon o r d i nance passed by the C ity C ouncils, and signed by the M ayor, nam ing the price and the purchaser, the sale to be ratified by the v ote o f the citizens at the next general elec tion. The passage o f this b ill w ou ld prevent a sale under foreclosure proceedings. A com m ittee o f the city directors has subm itted to the M ayor o f B altim ore three bills w hioh provid e fo r the ca rry in g out o f the recom m endations m ade by the d irectors in their recent report th rou gh the conversion in to preferred and com m on stock o f the deferred interest due the city and W ashington C ounty. See V . 73, p. 1012. The “ Baltim ore Suu” o f Jan. 21 contained a lon g letter, and on Jan. 27 an advertisem ent, both signed b y President H ood, replying to a letter from H am bleton & Co. w ith regard to the position o f the property. A n ordinance was introduced in the B altim ore C ity C ou n cil on Jan. 27 authorizing the sale o f the c ity ’s interest in the road for $4,500,000 cash, $1,500,000 first m ortgage 4s and $6,000,000 pref. 5p . c. stock ; total at fa ce value $12,000,000,being substantially the am ount o f the city ’s cla im fo r principal and interest after deductin g sinking fu n d assets (see V. 73, p. 1012). A Philadelphia syndicate, headed b y Charles F . K indred, is reported as behind this m o v e .— V. 74, p. 153. West Virginia Central & Pittsbury Ry . —Purchase P rice. — B altim ore advices state that the shareholders residing in that city w ho sold their stock to the E. L . F u ller syndicate received paym ent on- Jan. 24 by checks at $100 a share, through the F irst N ational Bank o f N ew Y o r k .—V . 74, p. 207, 96. |The] Wilmington (N . C .) Street R y .— Successor.— This new com pany was incorporated at R aleigh , N . C., on Jan. 17, w ith $200,000 authorized stock (part p referred ), as a r e organization o f the W ilm in gton Street R a ilw a y Co. The officers are: President, H u gh M acR ae; D irectors, C. P . Bolles Jr., M. F . H . G overneur, W . W . R andolph and Junius D avis.—V . 73, p. 901. B a l.fo r s t k . 1901.......................$1,311,084 $674,077 $415,168 $259,509 1900...................... 1,182,517 565,572 409,051 156,521 —V. 74, p. 96, 42. U nion T e rm in a l Co. o f New Y o rk .— In corp ora ted .— This com pany was in corporated at A lban y on Jan. 28, w ith $100,009 authorized capital stock in shares o f $100 each, to con struct a standard-gauge tunnel road, to be operated by electricity, between Jersey C ity and the boroughs o f M an hattan and B rooklyn, as an ou tlet fo r railroads entering Jersey City. The route described is briefly as fo llo w s: From Varlck and Montrose avenues, Brooklyn, under the East It Iver to i 4Ui Bt., Manhattan Borough, and thence due west under the If udson River, to a point on the boundary line of New York and New Jersey, there to connect with a railway to be built under New Jersey laws to suitable connections with thevarlousrallroadsenterlng Jersey Ulty and Hoboken; with a branch from 14th Bt at Broadway, Man hattan Borough, under Broadway, and under Madison Bq. and Madi INDUSTRIAL. (LAS AND MISCELLANEOUS. A llis-C h a lm ers Co.— A llian ce with TJ. S. Steel C orpora tion . — E lbert H. G ary, Chairm an o f the B oard o f D irectors o f the United States Steel C orporation, has been elected Chairman o f the Board o f Directors o f the A llis-C halm ers C o., su cceed in g W m . W . A llis. G eneral Superintendent E dw in R e y nolds also retires, g iv in g ill-health as the principal reason.— V . 73, p. 84. Amalgamated Copper Co.— P rice o f C opp er.— T he price o f lake copper, w hich on Jan. 26 tou ch ed 11 cents a pound, has since advanced sharply. Y esterday there was m uch ex cite m ent on the Metal E xchan ge in this city , bids being m ade for blocks as large as 2,009,000 pounds, and ele ctroly tic as w ell aB lake figuring In the bids and offerings. W h ile no _27 0 T H E O H K O N IO L E [You. L X X I V . C o n so lid a te d T o b a c c o Co.— C om bin ation s.— The centraliza~ tion o f the con trol o f the leading tob a cco m an u factories o f t h e w orld in the hands o f a few im p ortan t interests seems to b e m aking rapid progress. A s stated b elow , persons id en tified with the Universal T ob a cco Co. recen tly a cq u ired con trol in London o f the H enry Glay-Boek T o b a cco Co. The C on sol idated T ob a cco Go. and its allies in Septem ber last purchased the greater part o f the share capital o f Ogdens L im ited o f L iverpool and in D ecem ber the Jasm atzi Cigarette Co, o f Dresden, and also, it is believed, K yriazi B rothers o f B erlin; negotiations fo r properties in other parts o f the w orld are u n derstood to be pending. The Im perial T o b a cco Co. o f G rea t Britain and Ireland, a con cern w ith £15,000,000 o f a u th or ized capital stock, is undertakin g to u n ite and p ro te ct the A iu ericau -M aw aiia n S tea m sh ip Co .— New T rea su rer.— E nglish to b a cco interests, and is said to have secured the c o Charles R. Flint has resigned as Treasurer and has been su c operation o f the Salm on a n d G lu ck stein interests, w h ich have ceeded by L H. Lapham . The firm o f F lint, D earborn & 200 stores in L ondon and the Continent. Co. has been dissolved and is succeeded b y D earborn & LapP urch ase.— The friends o f the com pany, it is u n d erstood , ham , capital $2,500,000.—V . 71, p, 1068, have purchased, probably fo r its a ccou n t, the Cabanas o f A m e rica n L o co m o tiv e Co.—E a r nings. — The circu la r C arvajal, one o f the oldest cig a r fa ctories in C uba.— Y. 73, signed by P resident C allaw ay recen tly sent to the sto c k h o ld p. 1359. ers states that the earnings fro m June 15, 1901 (the tim e o f C on solid a ted S c h u y lk ill Gas Co.—See Phoenix G as & com m en cem en t o f operations), to Dec. 81, partly estimated, were $12 515,041. and expenses, w ith ou t a llow an ce fo r d e p re ci E lectric Co. below . ation, $10,839,653; balance fo r preferred stock , $1,675,388. The C rude R u b b e r C o.—C o-receiver.— On petition o f cred itors, tw o quarterly dividends o f 1% per cen t each on the preferred A rth ur H. Maaten has been appointed co-receiver w ith W. W . stock ($24,100 000) paid O ct., 1901, and Jan ., 1902, ca ll for L a d d.— V. 74, p, 97. $843,500. F u ll detailed reports, the com pan y states, w ill be East Coast M illin g Co .—In co rp o ra ted .— T his com p an y m ade at the expiration o f each fiscal year begin n in g June 30 filed articles o f in corp ora iion in New Jersey on Jan 13. T h e n ext.— V . 74, p. 207, 96. authorized capital stock is $9,000,000, o f w h ich '$2,('00,000 pre A m erica n S travrboard C o.— C onsolidation.— The m anage ferred 6 per cent n on-cu m u iative. T he com p an y, it is stated, rnent has sent to the stockholders a circu la r “ relative to the has acquired con trol o f the Eastern M illin g & E xp ort Co. con solidation o f a large p roportion o f the b o x board m anu (see V . 73, p. 901) and w ill operate its tw en ty seven plants in facturers in to one com p a n y .” The circu la r refers to the cir connection w ith the n ew m ill m entioned below , m ak in g, it is cu lar letter o f June 26, 1901 (see Y . 73, p. 84), in response to said, the total capacity about 18,000 barrels daily. w h ich holders o f m ore than a m a jo rity o f the shares agreed The “ Philadelphia R e co rd ” says : to deposit their holdings w ith the M erchants’ L oan & Trust One of the largest milling plants in the United States Is to he built in Co. o f C hicago. Such deposit is n ow requested to be made this city at Delaware Avenue and Green Street by the East Coast w ith in ten days. I f the deal does n ot g o through by M ay 31 Milling Co , which has acquired the property of Alexander Kerr, Bros. the deposited shares w ill be returned. U pon the deposit o f & Co., salt Importers, on Delaware Avenue, as well as their wharf property, extending tiOO feet out into the Delaware River at Green shares, the present circu lar says, street. The mill will have an output of 5,000 barrels of flour per day. The Merchants’ Loan & Trust Co. will execute and deliver to you a The same syndicate Is also Interested in the Atlantic Flour Mills Co., receipt therefor showing that your stock is to he exchanged, upon the which is capitalized at $ 1 ? 0 .0 0 0 . order o f the undersigned oommittee (President R F. Newcomb, J. A. The officers and d irectors are: Spoor and R. C. Clowry),or any two of them, for certificates for so President, Samuel T. Kerr; Yloe-President, Andrew J. Toomey; many shares o f stock o f the United Box Board & Paper Co. as the conm ittee shall certify you are entitled to under the terms of the con Treasurer, D. R. Locher; General Manager, Charles K. Hannan. Directors: Samuel T. Kerr. Philadelphia; O. H. Locher, Lancaster, tract between such oommittee and said promoters. As your committee believes the consummation of this consolidation Pa.; H. C. Niles, York, Pa.; Frederick F. Culver, New York; P. Russ, will be greatly to the Interest and benefit of the stockholders of the Harrisburg. Pa.; A. J. Toomey, D. R. Locher, and Charles K. H a n n a n American Strawboard Co., we trust you will give this matter your of the Eastern Milling & Export Co.; H. G. Wolf, Chambers burg, Pa., immediate attention, so that progress will neither be delayed nor de and O. L. Gubelman, New Jersey. feated.—V. 74, p. 207. E astern M illin g & E x p o r t Co.— New C on trol,— See E ast A m e rica n T elep h o n e & T e le g r a p h Co.— Bond Sale.— Ver- Coast M illing Co. above. - V . 73, p. 901. m ilye & Co. o f N ew Y o r k and Boston, and K id d er, P eabody Equitable Illuminating Gas Light Co. of Philadelphia. & Co, o f B oston, offered this w eek fo r subscription at 99 and interest $10,000,000 o f the collateral trust 4 per cents of — O u tpu t.— The statem ent o f gas sold in the city o f P hila 1929. These bonds are part o f a b lock o f $13,000,000 ($3, delphia fo r the quarter and the year endin g D ee. 31, as filed 000,000 Bold p riv a te ly ), w h ich was issued to p rovide the w ith the c it y authorities, com pares as fo llo w s : Cubic feet gas— 1901. 1900. 1899. m on ey necessary to pay fo r th e con trollin g interest w h ich 3 m on th s.................... 1,091,108,900 1,137,430,000 1,008.535,210 the com p an y acquired on Jan. 25 in the W estern T elephone & 12 months.................... . 4,200,313,150 3,911,599,400 3,564,810,610 T elegraph Co. [successor to the E rie T elegraph & T elephone 12 mos. gross revenue.. $4,200,313 $3,911,599 $1,564,811 420,031 391,160356,481 C o.], in to w hose treasury was paid on Saturday last $6,000,000 Of which city receives.. —y . 73, p. 1210. cash to pay fo r m uch-needed extensions and im provem ents. The am ount o f colla tera l trust bonds outstanding has thus Erie Telegraph & Telephone Co.— Sold to Successor been increased to $38,000,000, inclusive o f the $10,000,000 o f 4 C om pany.— Stockh olders representing more than 96,000 per cent debentures o f the fo rm e r A m erican Bell T elephone shares voted on Saturday last to sell the franchises and prop C o., m ak in g the tota l annual interest charge $1,520,000. erty o f the com p an y fo r $1,594,426 to th e O ccidental & O ri President F , P. F ish in a letter to the bankers says: The net ental T elephone & T elegraph C o., a com pany in corporated revenue fo r the year 1901,. a fter d ed uctin g taxes but n ot in last week w ith $5,000,000 authorized capital stock. T he terest on bonds, is estim ated (the books n ot having yet been O ccidental Com pany has sin ce turned over its assets to the closed) t o have been $8,000,000. T he capital stock o f the W estern Telephone & Telegraph Co. (see b e lo w ), as the s u c com p an y is stated by President F ish as $114,858,400, o f w h ich cessor o f the E rie C om pany, per plan in Y . 73. p. 1359, there is outstanding in th e hands o f the p u b lic $82,748,000 P aym ent C alled,— The reorganization plan (V . 73. p 1359) It was an nou n ced yesterday the bonds had been over-sub having been fo rm a lly d eclared operative, tbe depositing scrib ed .—V . 74, p. 207, 97. stockholders are notified th at upon paym ent to the N ational B u t te r ic k Co.— Stock— The $12,000,000 authorized etc oh Shaw m ut B ank o f B oston, on or before Feb. 25, 1902 o f $25 o f this n ew com pany w ill b e all o f one kind. There w ill be per share fo r each share o f E rie stock deposited, they w ill re n o preferred stock , nor w ill th e com p an y issue any b on ds.— ceive receipts fo r the n um ber o f preferred and com m on V . 74, p. 153. shares o f stock o f the W estern Telephone & T elegraph Co. C am bria S teel Co . —C hange in F iscal Y e a r .— W e are to w h ich they are entitled. On B oston Unlisted.— The B oston S tock E xchan ge has officially in form ed that the fiscal year o f this com pan y w ill hereafter end on D ec. 31, instead o f Oct. 31, as h eretofore.— placed on the unlisted departm ent the receipts of the N a tional Shaw m ut Bank fo r $i 0,000,000 5 per cent bonds and V . 74, p. 208, 153, C h ica g o T ele p h o n e Co.— In ju n ctio n .— J u d g e T uley, at tbe tem porary certificates fo r $16,000,000 preferred stock C hicago, on Jan. 7, in the action b rou g h t by the Illinois and $16,000 000 com m on stock o f the W estern T elephone and Telegraph C o . - Y . 74, p, 208, 154. M an ufactu rers’ A ssociation, granted an in ju n ction restrain in g th e com pany fro m ch argin g m ore than $125 a year, tbe Gas L ig h t Co. o f A u gu sta , G a.— B onds O ffered.— Joh n rate fixed by the city ordinance o f 1899, as against $175, w hich W . D ick ey o f A u gu sta is offerin g at par and interest the has been paid by subscribers fo r u nlim ited service. The com pan y’s $300,000 first m ortgage 5 per cen t $1,000 bonds, case w ill be appealed.—V . 73, p. 1266. dated July 1, 1899, due July 1, 1919; coupons payable Jau, l C o n solid a ted Lake S u p e r io r Co.— Views o f P lants, Etc.— and Ju ly 1 in N ew Y o r k ; N orth A m erica n T rust Co. oi N ew T he com p an y has issued a pam phlet containing m ore than Y ork , trustee. A circu lar says: sixty handsom e v iew s o f the buildings, m ines, water pow ers These bonds are a first Hen on all the properties of the company, and railw ays belonging to the com panies w h ich it owns. which was chartered Jan. 21, i862, and since that time has had a praotioally unbroken record as a dividend payer. The company en T h e substantial ch aracter o f the buildings, it is stated, was joys a monopoly in Augusta and suburbs, a population ot O.t OO; the m ade possible at an extrem ely lo w cost, due to the stone field is so completely oovered that it is doubtful if opposition will de necessary fo r their erection bein g available free o f cost, since velop; the capital etoek is $sOQ,000. The company operates uu.ier a excavated in the construction o f the w ater p ow er canals. charter from the St te, which is perpetual. During the past throe yeai s the business under the new management has showu the follow T h e v iew s clearly in dicate the advantages w h ich the com ingremarkable Increase: Comparative gas sales iS9 U>, S-'.OO pany possesses in the w ay o f transportation, raw m aterials 1898,19,310,200; 1899.26,975,000; 1900,34.082,200; i901, 3J.576. (tim ber, iron ore, etc.) and w ater pow ers.— V. 74, p. 97. 800. New mains, 7 miles, have been placed, now making 32 mites of sales were reported officially, it is said there was con sid er able private business, Lake Is quoted at 12‘J-£ bid and 134^ ashed, T h e United Metals Selling C o,, the sellin g agent o f the Am algam ated C om pany, is follow in g the prices m ade b y tbe independent com panies. R um ors w ere cu rre n t that the A m algam ated had ‘ ‘ over sold its supply, but an officer of the United Com pany is quoted as saying ; “ W e have lots o f cop p er to sell and will have m ore o f it. W e have enough copper to supply the entire U nited States u ntil July 1,” C W , F ieldin g, a d irector o f the R io T in to C om pany, is in tow n , and ru m or has it that he is in com m u n ica tion w ith the A m algam ated interest.— V, 74, p. 158, 42, F ebruary 1, 1903.J T H E O H R O N IO L E 27 i mains owned; meters in use, 1,900; gas rangos.ln u s e , 8 0 0 ; gus h e a t T h e c o m p a n y h a s s c o u r e d ers in use, 300; gas engines in use, 2. The. earnings lmve been an fol ■ C o . a w a t e r p o w e r i n t h e H Iowb: 1899, groan $11.9 il and not $9,255; 1900, gross $51,737 and net p a r t O f i t s p r e s e n t e l e c t r i c P r e s id e n t, L . K n o w le s P $1(5.701; 1901, gross $59,253 and net $20,630. - V . 73, p. 6 8 0 H am m ond Ice Co. <>r 'D e la w a r e .— M ortgage,— Thin c o m pany has made a m ortga g e to th e C 'ty Trust Sc B anking Co. o f B altim ore as trustee to secu re $350,001 o f 0 ■per cen t g o ld bonds o f $1,000 each, due Jan. 1, 1933.— V. 73, p. 639. In te r n a tio n a l C a 1' W h eel C o .— M ortgage, -T h is co m p a n y ’ s m ortga ge recen tly m ade to the N orth A m erica n T ru st Co. o f this city , as trustee, is d escrib ed as fo llo w s : T h e m o r t g a g e i s d a t e d D e o . 2 3 , 1 9 0 1 , a n d s e c u r e s $ 6 0 0 , 0 0 0 o l fir s t, m o r t g a g e 6 p e r c e n t g o ld b o n d s , p a y a b le te n je a r s fr o m d a te o f th e e x e c u tio n s e r t e s A , d e n o m in a t io n $ 1 ,0 0 0 ; s e r ie s li, $ 5 0 0 e a c h , a n d s e r i e s O , $ 1 0 0 e a c h . I n t e r e s t p a y a b l e .fa n . l a n d J u l y 1 . b e g i n n i n g J u l y 1 ,1 9 0 2 . P o n d s s e c u r e d b y r e a l e s t a t e s i t u a t e d in ih e c i t y O f B u ffa lo , E r ie C o u n t y . N e w Y o r k , a n d c e r t a in p ie c e s a n d p a r c e ls o f la n d s it u a t e d in t h e C o u n t y o f W a y n e , M ic h . A ls o $ 4 0 .0 ' 0 c a p i t a l s t o c k o f G r u a o n D o n W o r k s , $ 3 6 2 ,9 7 5 c a p it a l s t o c k o f N e w Y o r k C a r W h e e l C o . a n d $ 9 , 8 5 0 c a p i t a l s t o c k o f M i c h i g a n I r o n J o .— V . 7 4 , p . 9 8 . f r o m t h e P h i l a d e l p h i a <fc R e a d i n g H a l l w a y o h u y lk lll R iv e r s u ffic ie n t t o o p e r a t e a la r g e b u s in e s s . e r o t ; H e o r e t a r y a n d T r e a s u r e r , F . I I K lio lt o n , 1 1 2 N o r th B r o a d S t r e e t , P h ila d e lp h ia . D ir e c t o r s E . K n o w le s P e r o t . G e o r g e O . C a r s o n J r ., D . J . C o llin s a n d F . II. S h e lt o n , a ll o f P h ila d e lp h ia ; W illia m P . S n y d e r , S p r in g C it y ; J . W h it a k e r T h o m p s o n , M o n t G l a r e ; F r a n k P . N o r r i s a n d I r v i n .1 B r o w e r , o f P h o e n i x v i l l e ; W i l l i a m 1>. E l p p l n o o t t , C a m d e n . — V . 7 3 , p . 1 8 5 9 . S c h u y lk ill Valley Illuminating Co. —See Phoenix Gas & E lectric Co. above. S ou th A m e r ic a n T r a n s p o r t a tio n Co. o f Baltimore—I n co r p o r a tio n .— T his com p a n y on Jan. 25 filed in M aryland a certificate o f in corp ora tion , the a u th orized ca p ital stock b e in g $5,000,000. T he in co rp o ra to rs are G e o rg e S u rb ru g, E lisha C aldw ell and John F O ’ Brien o f B a ltim ore, R egin a ld M iner o f P h ila d elp h ia and F. W . C hild o f N ew Y o rk . S o u th e rn New England Telephone Co.—Increase o f S tock —E a rn in g s.— T h e stock h old ers on Jan. 28 voted to increase the stock from $3,000,000 to $5,000,000. T he results fo r th e K a n a w h a Sc H o c k in g C oa l & C ok e C o.— A u th o r ita tiv e year ending D ec. 81, 1901, are reported as fo llo w s : G ross S ta te m e n t— T he fo llo w in g is an a u th orita tiv e statem en t re earnings, $813,068; net, $177,545; dividen d s, $161,865; b a l gard in g the com p a n y ’s bonds, w h ich are guaranteed by the ance, surplus, $15,680.— Y . 74, p. 156. H o ck in g V a lley R y . and the T o le d o & O h io Central R y. (but Springfield & Xenia (0 .) Telephone Co.—M o rtg a g e.— n ot b y the K an aw h a & M ich iga n R y ., as p rev iou sly sta te d ): First mortgage gold 5 per cent bonds, dated July, 1901; due July, T h e com p a n y is reported to have m ade a m ortga g e fo r $350,1951; guaranteed unconditionally, principal and interest, by the 000 to the W estern R eserv e T ru st C o. as trustee. Hooking Valley Ry. Co. and the Toledo & Ohio Central Ry. Co. by en United States Envelope Co.—D ivid en d R edu ced . —This dorsement on each bond; subject to redemption on and after July, 1911, at 110 and accrued inteiestfrom sinking fund. I f is expected company, which from June, 1899, to September, 1901, in clu that this fund, which is established at 2 ^ cents a ton, will retire the sive, paid quarterly dividends at the rate of 7 per cent per issue at maturity. The bonds are secured by a first mortgage upon annum on its preferred stock, has declared a semi-annual the properties of the Kanawha & Hooking Coal & Coke Co., consisting of about 21,0l0 aores of coal lands lying along the Kanawha River on dividend of 2% per cent on the preferred shares, payable the line of the Kanawha & Michigan RR.; also upon valuable leases March 1, thus reducing the rate from 7 to 5 per cent per of about 12,000 aores of coal lands in the same violnity. They cover annum.—Y. 73, p. 1167. also all Improvements on these properties In the way of breakers, rail United States Light & Heating Co.— Incorporated.— road tracks, modern machinery, ooke ovens, etc. The properties have been open and in actual operation for some time. It Is expected that This company was incorporated in N ew Jersey on Jan. 12 they will produce at least 1 ,000,000 tons of coal the first year, and with $2,000,000 authorized capital stock, “ to furnish elec after that the production oan probably be Increased to upwards of 2,000,000. It Is estimated that the earnings of the company for the tricity, light and heat, especially for railways and railway first year will be at least $300,000, sufficient to pay the interest upon cars.” Incorporators: Wm. B. Irwin, Wallace Young, John $2,750,000 of bonds issued, amounting to $137,500, leaving a surplus J. Gilbert, all of Jersey City. of $162,500 applicable towards dividends on the company’s stock. United States Steel Corporation.—Yew Alliance.— See The proceeds of the $2,750,000 bonds have been applied in the pur chase of .properties; expenses of organization, etc., including about Allis-Chalmers Co. above; also repoit on next page.—Y. $125,000 worth of new machinery, and covering also the provision of 74, p. 216, 105. cash working capital. (See also further facts under Toledo & Ohio Central Ry. Co. In V. 73, p. 1358.) United Telegraph, Telephone & Electric Co. o f Hyde Park.—See Telephone Co. of America below.—V. 71, p. 867. Universal Tobacco Co.— Control o f Henry Clay-Bcck Co, —A syndicate comprising interests allied with the Uni versal Tobacco Co. and the Havana Commercial Co. has purchased control in London of the Henry Clay-Bock To bacco Co., Limited. The Havana Commercial Co. and the Clay-Bock company together, it is claimed, control 90 per cent of the high-grade tobacco products of Cuba. Plans for amalgamating the three companies are understood to be under consideration. The same interests some time ago pur chased the business of John Anderson & Co. See also American Tobacco Co. above.—Y. 74, p, 100. Western Telephone & Telegraph Co .— Incorporated.—This company was incorporated in New Jersey on Jan. 22 with National Starch C o.— A m a lg a m a tio n ,— N egotia tion s lo o k $32,000,000 of authorized capital stock, of which $16,000,000 in g to an am algam ation o f the leading sta rch -m a n u fa ctu rin g is,6 per cent preferred non-cumulative until Feb., 1904, and con cern s, in clu d in g this com p a n y , the G lu co se Sugar R efining thereafter cumulative. Incorporators: A . M . K id d er & Co. o f this city and F ra n cis R . C ooley , H a rtford , C onn ., are offe rin g a b lo c k o f the bon d s at 106 and interest. T h e bonds are en dorsed w ith tw o guarantiee, one b y the H o ck in g V a lley R y ., sign ed b y N. M on sarrat as P resident, th e oth er b y th e T ole d o & O hio C entral R y ., signed b y N. M onsarrat as V ice-P resid e n t, the fo r m in each case b ein g the sam e, v iz .: In consideration of the purohase of the within bond and of the sum of one dollar, the original holder thereof, the------- Railway Co., hereby guarantees to the several and successive holders thereof the due, reg ular and punctual payment of the principal and the Interest of the within bond, and covenants Itself to pay the same upon demand of the holder hereof In case of non-payment by the obilgor when due.—V. 73, p. 1359. C o., etc., are again in p ro g re ss.—V . 73, p. 1191. New York & Richmond Has Co.—Bonds Offered.— F orrest & Co. o f P hilad elp h ia are offerin g at 103 and in terest $75,000 o f the present issue o f $500,000 first m ortga g e 53, du e M ay 1, 1931, b u t su b je ct to ca ll at 110 and in terest; total authorized issue $1,000,000, $500,000 b ein g reserved fo r fu tu re exten sions. F u rth er fa cts w ill be g iv en an oth er w e e k .— V. 73, p. 141. Otis Elevator Co.— A c q u is itio n .— The reported pu rchase o f a m a jo rity o f the stock o f the P lu n g e r E le v a to r Co. o f W orcester, Mass , is con firm ed . T he share ca p ita l o f the Otis C om pany rem ains, as h eretofore, $6,000,000 co m m o n and $4,000,000 p r e fe r r e d — V . 72, p. 1241. C h a n d le r H o v e y , G e o r g e E . P e r r in a n d A lb e r t T . W a lk e r o l G u tt e n b e r g , N . J ., a n d E lm e r H . G e r a n o l M a t a w a n , N . J . See also Occidental Telephone & Telegraph Co. above. White Knob Copper Co.—Officers' Report,—The following directors and officers are announced: D ir e c t o r s : W ilb u r K M a t th e w s , C h a r le s B . V a n L . S to w , E d w a r d C . P la tt, E d g a r C . B r a d le y , H e n G . F u n k , G e o r g e J . S m it h a n d J . R e g in a ld F o s t e r . H e n r y J . L u c e ; V ic e -P r e s id e n t, W ilb u r K . M a tth e w B . V a n N o s t r a n d ; S e c r e t a r y , C h a r le s G . F u n k . N o s t r a n d , W illia m r y J . L u c e , C h a r le s O ffic e r s : P r e s id e n t , s; T rea su rer, C haa. Phoenix Has & Electric Co., Phoenixville, etc., Pa.— B ond s.— T his com p an y , w h ose ca p ita l stock is $800,000, r e cen tly offered at par and interest a b lo ck o f its present issue o f $750,000 collateral tru st 5 per cen t sin k in g fu n d bonds, dated O ct. 1, 1901, and due Oct. 1, 1951; d en om in ation, $500 and $1,000. T he total au th orized issue is $1,000,000. A cir cu lar gives th e fo llo w in g : The c o m p a n y w a s o r g a n i z e d S e p t . 21,1901, f o r t h e p u r p o s e o f a c In addition to the $160,000 already expended in excess of the original estimates, it is believed an additional $140,000 will be required to place the property upon a producing basis, free of all obligations. The old West Virginia Company, in liquidation, recently sold to a syndicate the 25,000 shares of stock of the new company held in the treasury at $16 per $100 share, subject to the right of stockholders of the new company to subscribe at the same price. The Oregon Short Line has been building a 96-mile branch to the property, which is near Houston, Idaho. The company claims that with copper at 10 cents a pound a profit of over $2,000 daily may be expected, owing to the percentage of precious metals. See V. 71, p. 868; V. 70, p. 898. q u ir in g a n d o p e r a t in g a ll th e e x is t in g g a s , e ie o t r io a n d s t r e e t r a ilw a y p r o p e r t ie s in P h o e n i x v i l l e , R o y e r s f o r d a n d S p r i n g C it y , P e n n . I t h a s a c q u ir e d a n d n o w o w n s th e s to c k o f th e S c h u y lk ill V a lle y I llu m in a t in g C o ., C o n s o lid a t e d S c h u y lk ill G a s C o . a n d M o n t g o m e r y & C h e s t e r E le c t r ic R y ., a n d t h e s e c o m p a n ie s a r e n o w o p e r a t e d b y th e s a m e m a n a g e m e n t. T h e c o m o a n y h a s a c q u ir e d e v e r y s h a r e o f e a c h o f th e s e c o m p a n ie s . A ll o f th e b o n d s o f th e r a ilw a y c o m p a n y h a v e b e e n s e c u r e d a n d a re d e p o s ite d w ith th e tr u s te e , t w o -t h ir d s o f th e E le c t r ic b o n d s a re u n d e r c o n tr a c t fo r d e liv e r y , a n d m a n y o f th e G a s b o n d s w i l l be e x c h a n g e d f o r t h e n e w . T h e a g g r e g a t e o u t s t a n d i n g u n d e r ly in g b o n d s , it is b e lie v e d , w ill n o t e x c e e d fr o m 1 0 t o 1 2 p e r c e n t o f t .n e n e w i s s u e , a n d t h e s e , m o r e o v e r , c a n b e c a l l e d a n d r e t i r e d i n 1 9 0 8 . T o o ffs e t In th e m e a n w h ile s u c h o u t s t a n d in g b o n d s , a s im ila r a m o u n t o f t h e n e w a r e d e p o s ite d w ith t h e t r n s t e e . A m a n d a t o r y s in k in g fu n d c l a u s e b e c o m i n g o p e r a t i v e in f iv e y e a r s a n d t h e r e a f t e r W it h t h e r a p id g r o w t h o f t h e G a s C o m p a n y o f 6 5 p e r c e n t a y e a r , it s b u s in e s s s in c e J u n e i la s t h a s b e e n t a k e n a s r e p r e s e n t a t iv e o f a n d t o d e t e r m in e it s p r e s e n t le v e l. T h is , w ith t h e b u s in e s s o f t h e E le c t r ic C o m p a n y s in c e t h e fir s t o f t h e c u r r e n t y e a r , a n d o f t h e R a ilw a y C o m p a n y fo r th e p a s t y e a r , s h o w s th a t th e c o m b in e d r e c e ip t s a n d e x p e n d it u r e s a r c u p o n t h is p r e s e n t b a s is ( r e p o r t d a t e d O c t . 1 ,1 9 0 1 , o f V o lJ u r n , f c r n l c y <V. V o l f u i n , C e r t i f i e d P u b l i c A c c o u n t a n t s ) : G r o s s r e c e i p t s , $106,934; o p e r a t i n g e x p e n s e s , $72,503; n e t e a r n i n g s , $34,430. — C orporations desiring b on d s o f suretyship fo r their officers or em ployes are referred to the tw en ty -n in th annual state m ent o f the G uarantee C om pany o f N orth A m e rica , p u b lished am on g ou r advertisem en ts to day. T h is com p a n y , “ the origin a l com p a n y in A m e r ic a ,” confines its business strictly to issuing this class o f bon ds, and it has accu m u lated fo r its shareholders a surplus o f o v e r 200 per cen t fro m this business alone, and n ot in any w ay by con trib u tion s fro m them. T he resources fo r se cu rity o f the in su red am ount to over a m illion and fo u r hun dred and six ty thousand d ollars. — M offat [& W h ite offer fo r sale a n um ber o f “ B ell ” T ele phone stocks, the list co m p risin g stock s o f the A m erica n Tel. & T. C o., N ew Y ork & N e w Jersey T elephone C o ., Bell Co. o f P hiladelph ia, Bell Co. o f B uffalo, H u d son R iv er, C um berland & C entral o f P ittsburg. T h e advertisem ent is on page ix. 272 TH K C H R O N IC L E [V ol . LXXIV. Imports and D o c x im m ts . UNITED STATES PRELIM INARY O ffic e of t h e STEEL CORPORATION. REPORT TO STOCKHOLDERS—TO BE SUBMITTED A T 17TII FEBRU ARY, 1903. U n ited S tates S te e l C o r p o r a t io n , B a l a n c e ............................... ! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6 1 , 4 2 0 , 3 0 4 . Nine m onths’ dividends on stocks, viz.: U n it e d S t a t e s S t e e l C o r p o r a t io n : P r e f e r r e d , 514% ( 7 % a n n u a l l y ) . . . . . . . . . . . . . . . . . . . $ 2 6 , 7 5 2 , 8 9 4 C o m m o n , 3 % ( 4 % a n n u a l l y ) ...................... 1 5 , 2 2 7 , 8 1 2 T o t a l ................................................................... $ 4 1 ,9 8 0 ,7 0 6 O u ts ta n d in g s t o c k s o f s u b s id ia r y c o m p a n ie s .. 2 5 ,1 0 1 ------------------ 4 2 ,0 0 5 ,8 0 7 B a la n c e fo r n in e m o n th s , a p p lic a b le t o a d d itio n s t o s u r p l u s , n e w c o n s t r u c t i o n , e t c ...................................................... $ 1 9 ,4 1 4 ,4 9 7 • D o r lr g t b e c lo s e o f la k e n a v ig a t io n , fr o m D e o e m b e r t o A p r il In c lu s iv e , th e e a r n in g s o f m in in g a n d tr a n s p o r t a tio n c o m p a n ie s a r e , o f o o u r s e , d im in is h e d . From the foregoing statement it w ill be seen that the net results from operations o f the several companies for the first nine months (Decem ber being estimated) are as fol lows: A fter charging to operating expenses, month b y month, all current renewals and ordinary repairs for maintenance o f plants, the net earninsrs o f the several Companies amounted to almost $85,000,000. From this sum over $2,250,000 was set aside in a Sinking Fund to retire bonds o f the Corporation and its subsidiary companies ; $11,400,000 was paid for nine months’ interest on the Corporation’s b o n d s; dividends on the preferred stock at the rate of 1% per annum were paid, am ounting to $26,750,000, and dividends on the com m on stock at the rate of 4% per annum were paid, am ounting to $15,227,000, m ak ing a total o f over $53,000,000 paid out for interest and dividends on the bonds and stock o f your Corporation dur ing this period. Nearly $10,000,000 was set aside in various reserve fundto cover exhaustion o f the ore properties, general deprecias tion o f machinery and plants, and to provide for extraor dinary enlargements, after all o f w hich there remained as the result o f the above nine m onths’ operations undivided earnings o f over $19,000,000. A satisfactory Profit and Loss statement showing in de tail the earnings and expenses o f the several companies cannot be given until their accounting systems are uniform , so that one consolidated Profit and Loss statement of all companies can be made. The foregoing statement, however, gives a substantially accurate account o f the results of the business for the first nine months, except that the earnings for the month o f December ai-e estimated. A p r i l .................................................................................................. $ 7 , 3 5 6 ,7 4 4 M a y .................................................................................................... 9 ,6 1 2 , 3 4 9 J u n e .................................................................................................. 9 ,3 9 4 ,7 4 7 J u l y ........... ........................... 9 ,5 8 0 ,1 5 1 A u g u s t ....................................................................... 9 ,8 1 0 ,8 8 0 S e p t e m b e r ........................................ 9 ,2 7 2 ,8 1 2 O c t o b e r ................................................................................ 1 2 ,2 0 5 ,7 7 4 N o v e m b e r ........................................................................................ 9 ,7 9 5 ,8 4 1 ^ D e c e m b e r ( e s t i m a t e d ) ................................................................ 7 ,7 5 0 ,0 0 0 $ 8 4 ,7 7 9 ,2 9 8 CONDEN SED GEN ERAL MEETING, ,$ 7 2 ,8 2 0 ,3 0 4 B a l a n c e ........................ N i u e m o n t h s ’ I n t e r e s t o n b o n d s ................................................. 1 1 , 4 0 0 ,0 0 0 Of all companies from operations for nine months ending Decem ber 31, 1901, viz.: T o ta l, ANNUAL S in k in g F u n d s o n U . 8 . S te e l C o r p o r a t io n b o n d s a n d b o n d s o f s u b s id ia r y c o m p a n ie s . $ 2 ,2 0 3 ,2 9 2 R e s e r v e F u n d s .................................................. 9 ,6 9 5 ,7 0 2 ------------------ 1 1 ,9 5 8 ,9 9 4 J a n u a r y 10, 1902. N E T E A R N IN G S . FIRST Less amounts set aside for the follow in g purposes, viz.: 51 Newark Street, Hoboken, New Jersey. To the Stockholders o f the United States Steel C orpora tion : The business o f the United States Steel Corporation foxall practical purposes began April 1, 1901, from w hich date interest on the bonds and dividends on its preferred stock began to accrue. The Board o f Directors has determined that the fiscal year, instead o f running from April to April, shall correspond with the calendar year, and, in order to give sufficient time for preparation o f annual reports to stockholders, the by-laws have been amended so as to pro vide that future annual meetings shall be held in April. Under the provisions o f the original by-laws, the first annual meeting must be held February 17th, 1902, and the Board o f Directors deems it best to subm it to the stock holders at that m eeting a preliminary report which, as far as practicable, shall exhibit the operations o f the Corpora tion for the nine months of the calendar year ending Decem ber 81, 1901. Eight directors whose terms are about to expire, being: those of the first of the three classes, viz.: Marshall Field, Daniel G. Reid, John D R ockefeller Jr., A lfred Clifford, W illiam E. Dodge, Nathaniel Thayer, Abi-am S. H ew itt and Clement A. Griscom, will be candidates for re-election at the annual m eeting on February 17th, 1902. This preliminary report covers only the first nine months of the Corporation’s existence, a period too brief to satis factorily organize and systematize the business, and neces sarily it lacks the fullness and definiteness o f inform ation w-hich it is hoped will characterize future annual reports. But the management feels fully justified in stating that much that at the tim e o f organization was hoped to be accom plished in the way o f avoiding wasteful expenditures for unnecessary enlargement o f plants by various prominent steel companies, and o f establishing harmonious co-opera tion among them, has been successfully achieved. The sev eral companies have effected many economies w hich have been attended with most satisfactory results, and the out look for further im provem ent in this direction is most grat ifying. The business of the Companies has been put on practically a cash basis. The losses actually incurred through bad debts have been vei-y small, and little, if any, loss in the collec tion of accounts and notes receivable is anticipated. A b ou t seventy per cent o f the total current m onthly accounts due from customers is now being generally collected within thirty days, and it is the effort o f the several managements to maintain the businesses on a strictly cash basis. The results of operations for the nine months are as follow s: TH E BALANCE BALANCE SHEET. The date o f this report renders it im practicable to give a complete balance sheet as of Dec. 31, 1901, and consequently a balance sheet showing the condition o f the Companies at November 30th, 1901, is submitted. It exhibits the assets and liabilities represented by the capital stocks of the Cor poration and by outstanding stocks of siibsidiary companies except that, for sim plicity, it omits indebtedness from one company to another, as such sums though assets o f one company are liabilities o f some other company. SH EET NOVEM BER 30, 1901. ASSETS. $1,437,49-1,862 53 P R O P E R T Y A C C O U N T — C o s t o f p r o p e r t i e s o w n e d a n d o p e r a t e d b y t b e s e v e r a l c o m p a n i e s ........... D E F E R R E D C H A R G E S T O P R O F IT A N D L O S S -E x p e n d it u r e s fo r Im p r o v e m e n ts , E x p lo r a t io n s , S t r ip p in g a n d D e v e lo p m e n t a t M in e s , a n d f o r a d v a n o e d M in in g R o y a lt ie s , w h ic h a r e t o b e o h a r g e d t o F u t u r e O p e r a t i o n s o f t h e P r o p e r t i e s ........................................................................ 3,256.774 09 IN V E S T M E N T S : O u ts id e R e a l E s ta t e a n d o t h e r p r o p e r t y . CU R RE N T A 8SE TS: I n v e n t o r i e s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................... S t o c k s , B o n d s a n d S e c u r i t i e s o f O u t s i d e C o m p a n i e s ............................................................................ A c c o u n t s R e c e i v a b l e .......................................................................... $ 4 5 ,2 6 9 ,4 5 3 1 9 B i l l s R e c e i v a b l e .................................................................................... 2 ,8 2 1 ,4 6 3 5 5 ---------------------- $ 4 8 ,0 9 0 ,9 1 6 7 4 C a s h ...................................................................................................................................... 6 5 , 3 1 5 ,5 2 7 9 9 429,613, 25 $ 9 5 ,6 0 3 ,9 9 7 5 7 7 ,2 5 1 ,3 2 9 4 5 1 0 3 ,4 0 6 ,4 4 4 7 3 ------------------------- 2 0 6 .2 6 1 ,7 7 1 75 $1 ,647 ,4 4 3 ,0 2 1 62 F e b r u a r y 1, 1903.] T H E C H R O N IC L E CONDENSED GENERAL BALANCE SHEET NOVEMBER 30, 273 1 0 0 1 (Continued.) LIABILITIES. C A P IT A L S T O C K O F U . S. S T E E L C O R P O R A T IO N : C o m m o n ............................................................................................................................................. . .................. P r e f e r r e d .............................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5 0 8 ,2 1 2 ,5 4 3 7 0 5 1 0 ,1 7 3 ,7 7 8 4 0 C A P I T A L S T O C K S O F S U B S I D I A R Y C O M P A N I E S N O T H E L D B Y U . 8 . 8 .C O R P . ( P A R V A L U E ): C o m m o n S t o c k s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . P r e f e r r e d S t o o k s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . L a k e S u p e r i o r C o n s o l i d a t e d M i n e s S u b s i d i a r y C o m p a n i e s ................................................................... 3 0 5 ,4 8 6 3 8 2 9 3 .3 0 0 0 0 1 1 8 ,1 8 9 4 3 BO N D ED AN D D EB EN TU R E D E B T: U n i t e d S t a t e s S t e e l C o r p o r a t i o n B o n d s ........................................................................................................ F u u d e d D e b t o f S u b s i d i a r y C o m p a n i e s h e l d b y t h e P u b l l o ................................................................... D e b e n t u r e S o r l p .................................................................................................................................................. 3 0 3 ,4 5 0 ,0 0 0 0 0 5 9 ,3 4 9 ,8 3 8 8 5 4 1 ,8 4 4 5 7 M O R T G A G E S A N D P U R C H A S E M O N E Y O B L IG A T IO N S (S U B S ID IA R Y C O M P A N IE S ): M o r t g a g e s .................................. . .................................................................. . ...................................................... P u r o h a s e - M o n e y O b l i g a t i o n s ........................................................................................................................... 3 ,4 5 7 ,0 3 7 5 5 1 5 ,6 1 0 ,7 5 4 0 3 C U R R E N T L IA B IL IT IE S P a y r o l l s a n d A c o o u D t s P a y a b l e ................................................................................................................... B i l l s a n d L o a n s P a y a b l e ( S u b s i d i a r y C o m p a n i e s ) ..................................................................................... S p e c i a l D e p o s i t s d u e e m p l o y e s a n d o t h e r s ..................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A o o r u e d I n t e r e s t a n d U n p r e s e n t e d C o u p o n s ............................................................................................. C o m m o n D i v i d e n d N o . 2 , p a y a b l e D e o . 2 0 , 1 9 0 1 ..... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 ,2 2 8 ,3 4 3 1 2 ,6 5 3 ,7 4 4 5 ,4 3 5 ,3 4 2 4 ,8 7 0 ,4 1 0 5 ,0 8 1 ,7 9 0 C O N T IN G E N T L IA B IL IT Y : P a y m e n t c o n t i n g e n t u p o n r e t e n t i o n o f l e a s e s .......................................................................................... S IN K IN G F U N D S A N D R E S E R V E S F O R D E P R E C I A T I O N ..................................................................... S U R P L U S O F U . S . S T E E L C O R P O R A T I O N A N D S U B S I D I A R Y C O M P A N I E S ............................... 60 27 15 16 00 $1,018,386,322 10 771,925 81 362,841,083 42 19,067,791 58 50,269,630 525,398 21,236,040 174 344,229 $1,647,443,021 18 67 54 32 62 E. SHEARSON, Comptroller. E. & O. E. IN V E N T O R IE S . The in ven tories represent raw m aterial, good s m a n u fa ct ured and in procsss o f m a n u fa ctu re, an d m an u factu red goods in transit, on con sign m en t or at sellin g departm ents. A large part o f the in ven tories on N ovem ber 80th is m ade u p o f the necessary a ccu m u la tion du rin g th e Sum m er and Fall o f exten sive ton n ages o f iron ore fo r con version during the W in te r and Spring, w hen, ow in g to the close o f n aviga tion m in in g and shipping are dim inished. The am ou n t o f finished p rod u ct on hand is la rgely due to in ability to obtain ireigh t cars for deliveries to custom ers. The in ven tories are taken on th e basis o f the actual cost o f the m aterials, in clu d in g labor, at the several departm ents o f the com pan ies h old in g th e same, and this cost is below the average cu rren t m arket price o f su ch com m odities. The follow in g is a general classification o f th e inventories on N ovem ber 30th: O r e s ........................................................................................................ $ 3 4 , 7 7 6 , 0 5 3 P i g I r o n , S c r a p , S p i e g e l a n d F e r r o .............................................. 4 ,7 5 2 ,7 5 0 C o a l C o k e a n d o t h e r F u e l . ......................................................... 1 ,1 6 0 ,3 6 1 P i g T i n , L e a d , C o p p e r S p e l t e r . N i c k e l , e t c .............................. 2 ,0 8 7 ,5 3 1 M a n u fa c tu r in g S u p p lie s a n d M is c e lla n e o u s S to r e s o t h e r w i s e u n c l a s s i f i e d ............................................................................ 1 2 , 1 7 0 , 1 6 1 I n g o t s , B lo o m s , B ille t s , S h e e t a n d T in B a r s , S k e lp , R o d s , M u c k B a r , e t c ................................................................................. 9 ,3 4 3 ,8 9 4 F i n i s h e d P r o d u c t s .......................................................................... 1 5 ,3 2 2 ,6 3 6 M i n i n g S u p p l i e s a n d S t o r e s ...................................................... 1 ,1 7 0 ,8 5 9 R a i l r o a d S u p p l i e s a n d S t o r e s ........................................................ 8 5 1 ,6 4 5 M a t e r ia ls , la b o r a n d e x p e n s e lo o k e d u p In c u r r e n t u n c o m p l e t e d b r i d g e c o n t r a c t s ................................................................ 9 ,2 6 8 ,3 6 1 M a t e r i a l s i n t r a n s i t a n d o n c o n s i g n m e n t .................................. 4 ,6 9 9 ,7 4 6 T o t a l ................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9 5 , 6 0 3 , 9 9 7 S IN K IN G F U N D S A N D R E S E R V E S F O R D E P R E C IA T IO N . The item o f $21,236,040 54 fo r S inking Funds and Reserves fo r D epreciation in the balance sheet is m ade up as follow s: S l D k l n g f u n d o n U . 8 . S t e e l C o r p o r a t i o n b o n d s . , . . ........... $ 1 , 5 2 0 , 0 0 0 0 0 S i n k i n g f u n d s o n b o n d s o f S u b s i d i a r y C o m p a n i e s ........... 1 ,2 6 4 ,1 9 7 5 0 R e s e r v e d fo r g e n e r a l d e p r e c ia t io n , in c lu d in g th a t o f t h e o r e , c o a l a n d c o k e p r o p e r t ie s , a n d fo r e x t r a o r d i n a r y o u t la y s w h ic h m a y b e r e q u ir e d f o r u n u s u a l e x p e n s e s , f o r I m p r o v e m e n t s a n d f o r r e n e w a l s .................. 1 8 , 4 5 1 , 8 4 3 0 4 T o t a l ..........................................................................................$ 2 1 , 2 3 6 , 0 4 0 5 4 S u pplem enting the in form a tion com m u n ica ted b y the am ended C ertificate o f In corp ora tion and the am ended ByL aw s, copies o f w h ich are an nexed, the fo llo w in g general statem en t as to th e organ ization o f the C orporation is su b m itted : O R G A N IZ A T IO N A N D T H E IS S U E O F S T O C K S A N D B O N D S . The U nited States Steel C orporation was in corp orated under the law s o f the State o f N ew Jersey, the origin a l ce r tificate o f in corporation h a vin g been filed at T renton F eb ruary 25, 1901, and the am ended certificate April 1,1901. B y the am ended certifica te th e a u th orized ca p ita l stock o f the C orporation was fixed at 11,000,000 shares o f the par valu e o f $100 each , equally d ivided in to 5,500,000 shares o f seven per cen t cu m u lative preferred stock (p referred both as to d ividen d s and cap ita l) and 5,500,000 shares o f com m on stock . O f th e total authorized capital stock, there have been issued, and at this date (Jan u ary 10, 1902,) are outstanding, 5,102,056 shares o f preferred stock and 5,082,273 shares o f com mon stock. The Corporation also has issued $303,450,000 o f five, per cen t bonds secured by a T rust Inden tu re, dated A pril 1, 1901, to the U nited States Trust C om pany o f New Y ork as Trustee, Substantially all o f these bonds and shares have been issued, to acqu ire th e bonds and stooks o f the subsidiary com panies w h ich w ere held by th e p u b lic, as w ell as co n sid erable am ounts th ereof w h ich b elon ged to m em bers o f the Syndicate and to the S yn d ica te M anagers, v iz.: (1) the bonds and stock o f the Carnegie C om pany and the capital stocks o f th e severa l oth er com panies u nder the original a greem en t o f M arch 1, 1901, w ith J. P. M organ & C o., M an agers o f a S yndicate w h ich in clu d es am on g its m em bers and participants officers and d irectors o f this C orporation ; (2) the stocks o f the A m erica n B ridge C om pany and the Lake Superior C onsolidated Iron M ines u nder the a greem en t o f A pril 1, 1901, w ith J. P. M organ & C o.; (3) the stooks o f the O liver Iron M in ing C om pany and o f the P ittsbu rg Steam ship C om pany ; and (4) the stocks o f the Sh elby Steel T ube C om pany, fo r w h ich a co n tra ct was n egotiated in June, 1901, w ith representatives o f the stock h olders o f th at com pan y. D E T A IL S O F IS S U E O F S T O C K S A N D B O N D S . (1) 4,247,688 shares o f th e com m on stock and 4,249,716 shares o f the preferred stock and $303,450,000 fa ce value o f bonds o f the C orporation w ere issued in paym en t fo r the $25,000,000 in cash, paid to the C orporation b y the S yn d i cate Managers, and fo r the stock s and bon ds set forth in the fo llo w in g table, e x ce p tin g 1,644 shares oth erw ise acqu ired, and d irectors’ q u a lify in g shares, v iz: F e d e r a l S t e e l C o m p a n y ......... . . . . . . . . . N a t i o n a l S t e e l C o m p a n y . . . . .................... N a t i o n a l T u b e C o m p a n y ........................... A m e r ic a n S te e l & W ir e C o m p a n y o f N e w J e r s e y ................................................ A m e r i c a n T i n P l a t e C o m p a n y . . . . ......... A m e r i c a n S t e e l H o o p C o m p a n y ............. A m e r i c a n S h e e t S t e e l C o m p a n y ........... C a r n e g i e C o m p a n y . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....... (C o m m o n S to c k ..$ 4 6 ,4 8 3 ,7 0 0 ( P r e f e r r e d S t o c k .. 5 3 ,2 6 0 ,2 0 0 5 C o m m o n ................ 3 1 , 9 7 0 , 0 0 0 ( P r e f e r r e d ............... 2 6 , 9 9 6 O O O J C o m m o n ............... 4 0 , 0 0 0 , 0 0 0 ( P r e f e r r e d ............... 4 0 , 0 0 0 , 0 0 0 ( C o m m o n ................ 4 9 , 9 8 1 , 4 0 0 ( P r e f e r r e d ....... . 3 9 ,9 9 9 ,0 0 0 ( C o m m o n . . . ___ . . . 2 8 , 0 0 0 , 0 0 0 ( P r e f e r r e d ............... 1 8 , 3 2 5 , 0 0 0 < C o m m o n ................ 1 9 , 0 0 0 , 0 0 0 ( P r e f e r r e d ........... . 1 4 , 0 0 0 , 0 0 0 ( C o m m o n ................ 2 4 , 4 9 9 , 6 0 0 ( P r e f e r r e d .............. 2 4 . 4 9 9 , 6 0 0 ( C o m m o n S t o c k . ..1 6 0 ,0 0 0 ,0 0 0 ( B o n d s ...................... 1 5 9 , 4 5 0 , 0 0 0 (2) 722,025 shares o f com m on stock , and 741,915 shares o f preferred stock o f the C orporation w ere issued fo r the acquisition o f $29,413,905 par valu e o f sto ck o f the L ake Superior C onsolidated Iron Mines and $30,946,400 o f com m on stock and $31,348,000 o f preferred stock par values o f the A m erican B ridge C om pany ; (3) 92,500 shares each o f com m on and p referred stock o f the C orporation w ere issued fo r the acqu isition o f an o u t standing one-sixth interest in the O liver Iron M in ing C om pany and in the P ittsb u rg Steam ship C om pany, thus secu rin g the ow nership o f all o f the stock o f those tw o com panies n ot ow n ed by the Carnegie C om pany e x ce p t d irectors’ q u a lify in g shares, and (4) 20,045 shares o f com m on sto ck and 17,910 shares o f preferred stock o f the Corporation w ere issued for the a cq u i sition o f $8,018,200 o f com m on stock and $4,776,100 shares of preferred stock , par values, o f the Sliel-by Steel Tube C om pany under the con tra ct above m en tioned. The A ra gon Iron Mines leasehold and the stock o f the Bessemer Steam ship C om pany have been purchased fo r cash paid and payable b y this C orporation or b y som e o f th e su b sidiary com panies above m en tioned. A ll o f the bonds o f the Carnegie C om pany and all o f the stocks o f the com pan ies acqu ired as above m en tioned by the U nited States Steel C orporation have been lo tged w ith the U nited States Trust C om pany, as Trustee, fo r the bene fit o f the C orporation and its stockh olders, and to secure the paym en t o f the $304,000,000 bonds o f the C orporation au thorized b y the deed o f trust o f A pril 1, 1901. This deposit affords secu rity to stockh olders as w ell as bondholders 274 T H E OH RONLCLK against diversion or depletion of these important assets of the Corporation. Circulars dated March 2 and April 2 and 8, 1901, ad dressed to the holders of shares of the several companies therein specified were issued and published by the Syndicate Managers. At the rates offered in the circular dated March 2, 190.1, the Syndicate acquired the common stocks and preferred stocks of the seven companies (other than the Carnegie Company) as previously mentioned, and thereupon sold and transferred the same to this Corpo ration under the contract of March 1, 1901. The Syndicate delivered to the holders of such stocks of said seven companies in the aggregate 2,094,909 shares of common stock and 2,016,957 shares of preferred stock of this Corpora tion. The Syndicate acquired sixty per cent ($96,000,000) of the stock of the Carnegie Company, and $159,450,000 face value of the five per cent bonds of the Carnegie Company, by delivering to the holders thereof said $303,450,000 of bonds of this Corporation and $1,200,000 in cash; and the Syndicate acquired the remaining forty per cent ($64,000,000) of the stock of the Carnegie Company by delivering to the holders thereof 982,771 shares of preferred stock and 902,790 shares of the common stock of this Corporation. The residue of the common and preferred stock of this Corporation delivered to the Syndicate under the contract of March 1, 1901, and not used for the acquisition by it of the stocks of the specified companies, being the shares which, as stated in the Syndicate circular of March 2, 1901, were to be retained by and to belong to the Syndicate, amounted to 649,987 shares of preferred stock and 649,988 shares of common stock. This residue of stock or the pro ceeds thereof, after reimbursing the Syndicate the $25,000,000 in cash which it paid to the Corporation, and approxi mately $3,000,000 for other Syndicate obligations and ex penses, constituted surplus or profit of the Syndicate, The transactions between this Corporation and the Syndi cate having been concluded, an agreement of final settle ment and mutual release, dated January 3, 1902, was exe cuted between this Corporation and the Syndicate Man agers. It will be noted that this Corporation has received and now owns in the aggregate more than ninety-nine and threefourths per cent of the shares of all the specified companies. The acquisition of so large a proportion of the shares has enabled the Corporation promptly to enter upon the accom plishment of the principal objects which induced its forma tion, and has facilitated the fulfilment of the original ex pectations of large reductions in expenditures for improve ments, of increased earnings applicable to dividends, and of greater stability of investment, without increasing the prices of manufactured products, LEASE OF POCAHONTAS COAL LANDS. Subsidiary companies of the Corporation have secured a lease of fifty thousand acres of the best Pocahontas coking and fuel coal property, on a royalty basis, and on favorable terms for production and transportation. Plans for the prompt development of this property on a large scale are under consideration, and it is expected that in the near future there will be received from this field a large supply of coke and fuel coal. With this acquisition, it is estimated that there is now controlled by subsidiary companies a suf ficient quantity of tbe best and cheapest coking coal to pro vide, on the basis of present consumption, for tbe necessities of all the furnaces of these companies during the next sixty years. The Corporation has guaranteed the performance of this lease on the part of the lessees. GENERAL RESULTS IN ORGANIZATION AND MANUFACTURING. It was expected that by harmonious co-operation of the several companies, great economies in manufacturing would be accomplished, and such expectations have been fully realized. Diversified management has been dispensed with as far as possible, and the several companies have endeav ored to adopt similar methods as far as suited to their re spective businesses. Great departments like Ore Mining, Coal Mining, Manufacture of Coke and Lake Transporta tion, have been thoroughly systematized, and the manage ments of the manufacturing plants in the same locality have been brought into closer relations. The companies have endeavored to concentrate the manu facture of their various produces at the point most favor able to their production, thus insuring to each ultimate economy in manufacturing costs and in tbe assembling of material. The effort also is made by the different companies to regulate their manufacture of various products so that the fullest advantage can be taken of tbe economical pro —The Hand-Book of Railroad Securities, compiled by the publishers of the Financial Chronicle, is now ready. The book contains in small compass a vast amount of information concerning the various railroads and a number of the industrials whose securities are dealt in on the leading Stock Exchanges. It shows their earnings, dividends, etc., for a series of years, their present fixed charges, and also the amounts of the different issues of bonds outstanding, their rates of interest, etc. There is also given the monthly range of stocks and bonds for 1900 and 1901 and a yearly range for the past four years. Price one dollar, or to Chronicle sub scribers, seventy-five cents. [V ol, LXXIV. duction of any special article and its cheapest distribution to the consumer. While each of the above schemes of organization has effected grOat economies, yet in no direction has this result been more pronounced than in that of manufacturing itself. By frequent interchange of views and full information as to the results in the several companies, each is enabled to reap the advantage of any new economy practiced or dis covered by any of the others, so that each company has the advantage of the combined experience of all. Methods of accounting are being made uniform as rapidly as possible so that comparisons may readily be made. In this way the best result attained by any of the companies is taken as the standard and the other companies endeavor to conform thereto. Economies in manufacturing thus far have been quite remarkable, but the end is not nearly reached, nor is it likely soon to be, for through the continuous efforts to co operate and aid in bringing about the best results at each plant, it is certain that even more favorable results ulti mately will be accomplished. THE BUSINESS OUTLOOK. The outlook for the year 1902 is very bright. Everything indicates that all of the facilities of each subsidiary com pany will be taxed to their utmost to supply the demand that is being made. The actual business now booked, and of which shipment is being called for faster than it can be supplied, amounts to more than half the total combined annual capacity of all the companies. The heavier products, like rails, billets, plates and structural material, are sold up to the productive capacity of the Mills until nearly the end of the year. In the more highly finished products the consumption in each case is greater now than at the corre sponding period in 1901, which, it should be remembered, was an abnormally heavy year. The expectation, there fore, of those closely connected with the manufacture and sale of these highly finished products is for a demand even larger than that of 1901 and up to the limit of production. POLICY AS TO PRICES. The demand for the products of the several companies has been so great that pricr-s could easily have been advanced. Indeed, higher prices have been voluntarily offered by con sumers who were anxious for immediate execution of orders; hut the companies have firmly maintained the position of not advancing prices, believing that the existing prices were sufficient to yield a fair return on capital and maintain the properties in satisfactory physical condition, and that the many collateral advantages to be gained in the long run by refusing to advance prices would be of substantial and last ing value, not only to the companies, but also to the general business interests of the country. The strong position thus taken by the companies for stability in prices, both of raw material and finished prod ucts, has had a reassuring effect on the trade, and has con tributed greatly toward restoring confidence in the general business situation and creating the present large demand for steel products, by dispelling any doubt as to prices in the future. Tbe Board takes pleasure in acknowledging the loyal and efficient services of the officers and employes of the Cor poration. By order of the Board of Directors, ELBERT H. GARY, CHARLES If. SCHWAB, Chairman Executive Committee, President, UNITED STATES STEEL CORPORATION. DIRECTORS. Class 3 .—For Thebe Yeaks Ending 1904. J. PIERPONT MORGAN, ELBERT H. GARY, JOHN D. ROCKEFELLER, GEORGE W. PERKINS. HENRY H, ROGERS, EDMUND O. CONVERSE. CHARLES M. SCHWAB, PER01YAL ROBEK 18 Jm Class 2 .—For Two Y ears E stdisg 1903. FRANCIS H PEABODY, PETER A. B. WIDENER, CHARLES STEELE, JAMES H. REED, WILLIAM H MOORE, HENRY O. FRIO v, NORMAN B. REAM, WILLIAM KDENBORN, Class 1.—For One Y ear Ending IT Feb., 1902. MARSHALL FIELD, WILLIAM E. DODGE, DANIEL G. REID, NATHANIEL THAYER, JOHN D ROOKB '’ ELLER J r. i ABRAM 8. HEWITT, ALFRED CLIFFORD, CLEMENT A. GKISOOM. * The successors to the eight directors of Class 1 will he elected at the first annual meeting 1 Tth February, 1902. —The Financial Review (annual), published at the office of the Commercial and Financial Chronicle, is in prepa ration and will be ready about February 20, The R eview contains a record of prices of railroad bonds and stocks, government securities, State bonds, etc., extending back many years, and is invaluable to the investor, The price of the Review is $2. William B. Dana Co., 70 f a Pine Street, corner Pearl Street, New York. Copies may also be had from P. B irtletfc. 513 Moiuduoek Block, Chicago; Edwards & Smith, 1 Drapers Garden-*, London. February J, 1902. | 3£Ixjc TH H (& m n m z x tm l C O T T O N . f lin ts . F EPITO ME . Jan. 81, 1902 Daring the first half of the week demoralized conditions in the speculative markets for grain, hog products and coffee, resulting from the liqaidation of the accounts of tired speculative holders, had an unfavorable influence upon business in these several staples. Subsequently, how ever, after this liquidation had run itB course, there developed a generally better feeling, prices advancing, and actual demand improved. Advices from the Middle West and Southwest have reported heavy storms and cold weather, which have interfered with the free marketing of the various crops. Conditions in the metal markets have im proved, Copper hag been in more active request at higher and pig lead quotations have been advanced. Pig iron Erices as continued in good demand. The steel mills have re ported an active business; in fact, the call for supplies has been such as to cause some buyers to go to foreign markets to fill their orders. Advices from Washington indicate strongly that the war revenue taxes are to be abolished. Prices for teas in bond have advanced in anticipation of the import dnty of 10c. per pound being removed. The reports from Europe of the possibility of an early settlement of the Boer War have had a favorable influence in speculative markets. Lard on the spot has been quiet and the tone of the market has been unsettled, owing to the sharp fluctuations in prices in the speculative market. The close was quiet, with prime Western quoted at 9‘65c. and prime City at9(p9 25c. Re fined lard has been in fairly active demand. The close was steady at 9'85c. for refined for the Continent. Speculation in lard for future delivery has been fairly active. ~ Early in the week, under long liquidation and in sympathy with the break in the grain markets, prices declined. Subsequently, however, part of the loss was recovered and the close was quiet. D i t t f CLOSING PRICES OF LARD FUTUSBS. F r id a y N ig h t , M on. T-ues. Wetf. Thurs. h e M o v e m e n t q e t h e C g ig h t . January 81, 1902. r o p this evening the to ta l receip ts have reached 192,688 bales, against 192,726 bales last w eek and 228,486 bales the previous week, m aking the tota l receipts sin ce the 1st o f Sept., 1901, 5,784,211 bales, against 5,870,665 bales fo r the s a m e p e r i o d or 1900-1, sh ow ing an inorease sin ce Sep. 1,1901, o f 418,546 b a l e B . B tctiptt at— Galveston....... Safa. Pass, Ac. New Orleans... Mobile........ . Pensacola, Ac. Savannah....... Brunsw’k.Ac. Charleston.... Pt. Royal,Ac. Wilmington.... Wash’ton, Ac N orfolk ........ N’p’t News, Ac. New Y ork ..... B o s t o n ......... B a lt im o r e ..... P h l l a d e l ’ k , Ac.. Bat. Mon. 6,437 Tuts. 7,244 15,191 ......... Wed. 4,713 Thurs. 8,729 15,569 25 761 ......... ____ _ ......... ......... ...... 5,177 3,946 3,983 2,387 2,053 ......... ......... ...... __ _ _ _ 324 1,708 1,083 „ DHB. ......... ....... . 628 1,281 ......... 741 ...... 663 __ _ _ _ - ....... ......... 3,676 2,311 1,807 ......... • • « ... 223 1,281 175 1,284 247 983 267 ...... 837 ...... 321 952 365 46,116 234 66,154 2,518 20,093 20,172 1,042 5,240 649 4,164 ......... ......... 1,608 1,382 11,421 586 586 1,803 3,937 450 5,132 5,287 5,287 542 ...... 1,163 232 ...... 50 236 Total 5,962 234 12,546 696 20,093 2,647 1,042 1,117 ......... ...... 578 mmrnmm. 140 ...... fri. 7,569 ......... 6,068 12,329 10,913 323 303 410 5 111 Tot. t h i s w e e k 28,143 30,790 35,175 19,333 29,592 54,605 192,638 The fo llo w in g shows the w eek's to ta l receip ts,th e to ta l since 8®pt, 1,1901, and the stock to -n ig h t, com p a red w ith last year. 1901-02, R eceipts t& J an. s i . This w eek. 1900-01. S in ce Sep. 1 , 1901. aalvsston... Sab.P.jAe. Wrt. Sew Orleans 9*62 Mobil©...... P'sacola, Ac. Savannah... 8r’wicksAo, Ohasleston. P.RoyaLA©, Wilmington. W*sh’n, Ac. Norfolk..... EPportN,,*© New York... Boston...... Baltimore.. January .... ....... 9*62 9*57 ..... 967 Pork has been quiet and easier, closing at $16@l7 for mess, $17@17 25 for family and $17 50@19 59 for short clear. Cut meats were pressed for sal© early in the week and prices de clined. The close, however, was steady at 6%@7c. for pickled shoulders, 9^@103^c, for pickled hams and 8% @ 9c. for pickled bellies, 14@10 lbs. average. Beef has been quiet and un changed at $8 50@9 for extra mess, $10 50@11_50 for packet, $12@13 for family and $18 25@18 50 for extra India mess in tcs. Tallow has had only a limited sale and prices have weakened slightly to 6i^c. Stearines have been quiet and easier, closing at 10^c. ror lard stearine and 10j^e. for oleo stearine. Cotton-seed oil has sold slowly and prices have de clined, closing at 4d@40^e, for prime yellow. Batter has advanced, closing firm at 15j^@26c. for creamery. Cheese has been firm on light offerings, closing at 7@ ll^c. for State factory, full ceim , Fresh eggs have advanced, but the close was easier at 29c. for choice Western, Brazil grades of coffee continued pressed for sale daring the first half of the week and with an indifferent demand and excessive supplies prices declined. Subsequently, how ever, there developed a better tone and the close was steady at 5Jge. for Rio No. 7. West India growths have been dull hut prices have held about steady, with good Cucuta at 8 % . East India growths have been unchanged. Speculation in the market for contracts has been fairly active. Early in the week continued selling by tired speculative holders and a large crop movement weakened prices. At the close there were indications that the liquidation was fairly well over and there was a steadier undertone. The close was easier under bear selling. Following are the closing asked prices: Feb,......... 5'40a.1Jane................ 5*75o. ISept............. 6 OOe. March.......... 5*45o. I July............... 5*85e. O ct ............. 6'10e. May.,............ 5*65e. I Aug................ 5*95e. IDee ........ 6*20e. Raw sugars have sold at higher prices, but the close was quiet at 8 ll-18c. for centrifugal 96-deg. test and 3 3-16 j. for muscovado 89 deg. test. Refined sugar has been unchanged, and the close was quiet at 4*75c. for granulated. Teas in bond have been held at higher prices in anticipation of the removal of the lOc.-per-pound-import duty. Kentucky tobacco has been firm but quiet. The demand for seed-leaf tobacco has continued dull, and in the absence of business of importance prices have been largely nominal. Havana tobacco has been dull, awaiting developments at Washington. A limited amount of business has been transacted in Straits tin, and prices have held steady, closing at 23 90@ 24'10c. Ingot copper has been in active demand and prices have advanced to l m bid, asked for Lake. Lead has been advanced to 4'10c,, but business has been quiet. Spelter has weakened slightly to 4'25c. Pig iron has been in good de mand and prices have advanced to $13 50@17 50. Refined petroleum has been unchanged, closing steady at 7*20c, in bbls., 8 30c. in cases and 4 65c. in bulk. Naphtha has been unchanged at 9*05e. Credit balances have been un changed at $1 15, Spirits of turpentine has been quiet bub steady at 44^@45c. Rosins have been without change and quiet at $1 55 for common and good strained. Wool has been In moderate demand and firm. Hops have been quiet but steady, Sat. 9-80 N r id a y , as In d icated b y our t e l e g r a m s from the South to -n ig h t, is g iv e n b elow . For the w e e k e n d i n g T C O M M E R C I A L 275 C H R O N IC L E 46,116 1,621,236 234 43,888 66,154 1,678,857 2,518 135,449 20,093 159,166 20,172 945,806 1,042 112,340 5,240 227,491 1,379 4,164 239,645 370 11,421 356,515 14,728 586 86,181 8,937 5,132 79,811 5,287 61,857 21,542 542 P M la fie l.& s , T his w eek. Mince Sep. 1, 1900. 58,200 1,477,003 4,062 31,023 54,833 1,761,864 2,503 101,367 3,922 103,302 25,343 794,283 75,490 1,481 2,763 196,177 117 701 3,938 222,870 507 18,654 298,407 405 §0,230 9,822 '71,570 8,629 148,322 48,469 1,738 476 14,580 S tock 1902, 1901, 199,832 174,303 350,835 32,855 348,248 31,858 85,726 1,796 10,585 113,868 7,250 11,013 25,979 9,286 43,804 1,434 119,944 51,000 11,688 8,137 27,293 700 147,846 -70,000 17,051 2,855 BBaomo Totals..... 192,638 5,784,211 191,881 5,370,865 938,695 961,621 In order th a t com parison m ay be m ade w ith o th er years; we g ive b elow the totals at lea d in g p o rts fo r s is seasons, Receipts at— 9 R lV 8 S ’ n ,& e . New Orleans Mobile. . . . . . Savannah... Oh&s’ton, Ac Wilm'ton, Ac Norfolk..... N. News, A c . All others... 1902. 1901. 1900. 1899. 1898, 1897. 46,350 66,154 2,518 20,172 5,240 4,164 11,421 586 36,033 62,262 54,833 2,503 25,343 2,880 3,838 13,654 405 28,063 50,350 72,570 7,507 35,920 9,484 9,117 14,587 3,306 14,610 37,630 51,191 4,859 27,658 5,109 3,276 12,132 1,170 33,393 54,438 87,831 10,274 23,838 14,075 3,961 7,737 184 20,795 18,664 39,275 5,175 18,510 4,830 2,392 5,476 408 6,739 tat. t h i s wk. 192,638 191,881 217,451 176,413 223,128 101,564 Since Sept. 1 5784,211 5370,665 4761,639 6854,135 6810,987 5841,657 The exports for the week en din g this ev en in g rea ch a total of 237,643 bales, of w h ich 106,690 were to Great B ritain, 14,763 fco France and 116,191 to the rest o f the C on tin en t, B elow are the exports fo r the w eek and sin oe Sept. 1, 1801. Bxportt from— FPssfc Bnciint Jan. 31, 1902. From Sepi 1, 1901, to Jem. 31,1808 Mxported to— Exported to— Grta t France Conti- fatal Great Trance Conti- let si. Brit’n . mni. Week. Britain. neni. Jalve#ton..... 28,793 iab. Pass, &«.. ....... New Orleans.. 85,600 Mobile........... ....... Pensacola..... 8,800 Sarannah...... 11.805 8,371 Brunswick ,.. Charleston... 4,536 Port Royal... ...... Wilmington.. Norfolk........ N’port N., &o.. 1,478 New Vork... 0,604 Boston.......... 6,874 Baltimore,..., Philadelphia.. ....... 6snEran., Ao„ ...... Total.......... 106,000 Total, 1800-01, 77,883 18,907 40,690 080,555256,860 ...... 11,595 ...... 34,816 610,678215,179 ....... 62.376 10,600 60,824 7,074 44,349 191,611 43,949 8,871 62,447 5,048 6,281 55,548 865,009 1,301,020 17,807 29,488 49,247 415,698 1,241,556 ...... 15,707 03,113 11,300 65.036 139,084 32,544 408,896 630,460 20,183 87,078 1,775 09,814 121,757 ....... ....... ...... ....... ...... 109.396 98,840 208,246 1ft 081 1,800 177fll ....... 2 1 ,0 5 0 1,478 21,060 606 9,804 19,013 211,217 18,184 135,180 801,521 101JJftO H220 108670 260 2,520 2,770 83,823 700 20,687 6oic07 9,516 2,101 11,617 9,001 9,001 452 115.574 110.080 14,702110,191237,6482,396,90054.1,1001,750,0204,684,020 23,034 59,715; 100,0822,010,167482,5361.504,5758,997,828 ...... ...... T H E 76 In a d d itio n to a b o v e e x p o r ts , ou r te le g ra m s to -n ig h t also g iv e ua the fo llo w in g a m ou n ts o f c o tt o n on sh ip b o a rd , not oleared, at the ports nam ed, W e add sim ilar fig u res for Me w Y ork , w h ich are prepared fo r ou r sp ecia l use b y Messrs, L am bert A B arrow s, P ro d u ce E x ch a n g e B u ild in g , on Jan, 31 at— if OTumss,— H igh est, lo w e st an d c lo s in g p rices at New Y ork , ~"5 _ aw ggw ogg? 2i sis snirtiOAitn, star cleared fob — Ger Great Britain i ’r’nce m any, Other Coast- For’ g n wise. I l.eaxnng stock. total. to ■ gam < w: * I * 11 <i<i -4*i 0*505 lo l9 <1-4 11 44 1 1 1 1 10 ia 885,259 842,232 1 1 1 1 S peculation in co tto n fo r fu tu re d elivery has been on a very m oderate scale on ly , and fo r the w eek prices have m ade no im portant changes, as neither the bu ll nor bear interests have been disposed to be aggressive in their operations. T he m ovem en t o f the crop fo r the w eek has con tin u ed fa irly fu ll, sh ow in g a gain ov er the correspon din g period this tim e last year. A t the close o f the w eek receipts w ere running sm aller, but w h eth er the decrease was due to exhaustion o f supplies in planters' hands or a result o f the storm y and cold weather, w h ich m any olaim ed interfered w ith the hand lin g o f cotton , is a question on w h ich the trade is divided. R eports o f the condition o f business in the co tto n good s trade in both European and dom estic m arkets have been favorable, and this has had its influence in fa v o r o f the m ar ket, as have also firm advices fro m Southern spot m arkets, th ey rep ortin g fairly g ood b u yin g o f co tto n to fill January con tracts. In the speculative m arket there has been som e selling to liqu idate lo o g con tracts, but there has been suffi cient bu yin g, com in g largely from shorts, to absorb these offerings and hold prices .steady. T o-day there was a quiet m arket, and under lim ited selling, prom pted b y t h e ’ fu ll m ovem en t o f the crop fo r the week, prices w eakened slightly. The close was quiet at unchanged prices to 4 points decline fo r the day. C otton on the spot has been quiet, closin g at 8 ^ c . fo r m id d lin g uplands. The rates on and o ff m id d lin g , as esta b lish ed N o v . 20,1901, b y th e R evision C om m ittee, at w h io h g ra d e s o th e r than m id d lin g m a y b e d e liv e re d o n c o n t r a c t , a re as fo llo w s . Fair......... ..........o . 1*14 on Good Middling Tinged__ Even Middling Fair. . . . . . . . . . . . . 0-80 on Strict Good Mid. Tinged.c. 0-20 on Strict Good Middling.___ 0-50 on Strict Middling Tinged.... 0*06 off Good Middling............. 0*32 on Middling Tinged— 0*12 off Striot Low Middling........0*14 off Striot Low Mid. Tinged... 0*34 off Low Middling...... .............. 0*38 off Middling Stained _____ _ 0*50 off Strict Good Ordinary...... 0*72 off Striot Low Mid. Stained... 1*06 off Good Ordinary.............. 1*00 off Low Middling Stained...... 1*50 off O n th is b a sis th e o fficia l p rice s fo r a fe w o f th e g ra d e s for f e e p a st w eek —Jan, 25 to Jan. 31— w ou ld be as fo llo w s. 1 1 1 1 52,140 87,103 11,050 827 18,500 15,000 4,300 19,000 298,695 112,829 74,676 9,738 19,355 28,804 115,644 76,034 Total 1902.. 64,601 43,102 41,340 31,659 22,218 202,920 735,775 Total 1901.. 83,759 13,948 85,943 20,561 22,051 126,262 Total 1900.. 63,251 18,287 '-— 98,113---- - 26,098 195,749 New Orleans 10,797 18.923 6,698 19,7X9 1,003 Galveston___ 87,104 27,829 14,642 4 140 3,888 Savannah .... 1,350 7,700 2 ,0 0 0 Charles ton 827 ........ Mobile......... 2,600 i i ',006 Nof folk__ ... 16,000 4,200 100 New Y ork .... 9,000 Other ports. 1 0 ,0 0 0 UPLANDS. Sat. M o t T n ea W e d Thu F ri. Stood Ordi3J « F .. . . . . . . . . . . . . . . . Low M id d liif.. . . . . . . . . . . — — Middling............ Good M i d d l i n g . . . . . . . . . Middling F a ir............. .. .. .. GULF. 7*31 7*93 8*63 9*11 7*31 7*93 8 &1« 8*63 9*11 7*31 7 83 8 5lfl 8*63 9*11 7*25 7*87 8k 8*57 9*05 7*25 7*87 8k 8 57 9*05 Sat. M o n Tn©s W e d T h . Stood O rd in a ry ........ . . . . . . . . . Low M iddling...,. . . . . . . . . . . . . . Middling............ ..... ......... Good M iddling....... . . . . . . . . . . Middling F a ir ....... . . . . . . . . . . . STAINED. 7*56 8*18 89lS 7*56 8*18 8®16 7*56 8*18 8 9is 9*36 9*86 9*36 8*88 8*88 8*88 6*81 7*81 7*97 8*31 6*81 7*81 7*97 8*31 F ri 7*50 7*50 7’50 8*12 8k 8 12 8*82 9*30 Sat. M o n T o e s W e d T h , Low Middling... . . . . . . . . . . . . . . . 6*81 Middling............................... . 7*8 i Strict Low Middling Tinged... 7*97 Good Middling Tinged.. . . . . . . . 8 31 7*25 7*87 8k 8*57 9 05 8*12 8k 8*82 9*30 6*75 7*75 7*91 8*25 6*75 7 75 7*91 8*25 8k 8*82 9*30 F ri 6*75 7*75 7*91 8*25 The q u otation s fo r m id d lin g u plan d a t N ew Y o rk on Jan. 31 fo r ea ch o f th e past 32 years h a ve been as fo llo w s. 1 9 0 2 .. ..e . 1 9 0 1 .. 1 9 0 0 .. . . . . 1 8 9 9 .. 1 8 9 8 .. 1 8 9 7 .. . . . . 1 8 9 6 .. . . . . 1 8 9 5 .. . . . . 8k 8 7518 8k 508 1894 ...C i 8 k a 1 8 8 6 .. =.0. 93x6 1878 .. 18 93 . . . . . . 97ie 1 8 8 5 .. 1877.. 1892 . . . . . 7 k 1 8 8 4 .. 1876.. 1891 1 8 8 3 .. <..=.103x0 1 8 7 5 .. 1890 ...„ .1 0 iB 16 1 8 8 2 .. . . . . 1 2 1874.. 1889 . . . . . 9^8 1 8 8 1 .. ....1111X6 1873 .. 1888 ... . .l O H i e 1 8 8 0 - ....12-78 1872.. 1887 . . . . . 9716 1 8 7 9 1871 .. Saturday. Quiet &, steady. Monday... Quiet__ . . . . . . . . Tuesday.. Q u ie t.............. Wednesday Quiet at kg dec. Thursday.. Q u ie t............ F rid ay..... Dull................... Total__ futures Market Closed . Quiet........... B’rly steady. Very steady. Quiet........... Hr,unity ____ Qntet!!_____ Oontv.mp. *»a« 206 184 — — — .. .. Con tract. 400 1 4 I I |l 13 ia || 1 f f i 1 j ia t1 | ! i i 11 1 1a Ia 1 1 1 1 I I | 1 1 l© ia 1 [ 1 1I -4-4 44 MM GO00 MM © -i ia 00 00 00 , to to M I ©to GO 00 00 oooo MM MM 0505 ©to 1a a | <1*4 <|t» CO00 QDOO MM <1<I ©© MtO tO OO fcOCto -4 is- N--* -4-4 00 <J 00 00 GO00 4(33 6 © MM MM MCO fcfiCX CDtO ia ia ia ia <J<1 GOGO oo co GO* h I 4 4 6 6 to to 00 w to 00 05 © o <1<I 00 <1 00 00 00GO 0303 6 6 MM MM ©to Cfl Ui MSl a 19 i a i a <B<I 00 00 00 00 00CD ©<i oe> MtO MM CX MOf © i— * CBC3 f 1 03 1 03 <£> i a 1a <1-4 <3<l 1 1 03 1 I 1 OKI <1-3 ©to <J<1 46 003 ia | -4-4 6 6 CX© la . 0 <l<l ( 1 03<1 05O 1 1 a COO) MM CDCD 1Q -4-4 -4-4 6 4 4 <i 6 © © o MtO ©© 1a ia 1a 1 a II iI 1 <H<i QD00 44 06 0505 1Q 1a Sl<l 1 00 -j-5 1 © 06Of o- 6 6 00 00 <3<1 6 6 Oi Oi ia -4-4 05© 03<3 00 00 MM 0303 a 00 00 00CD MtO <*<1 © o © o to Of -4M <l<l <I<1 00 00 MM 6 6 CDCO -4-4 COiO i9 ia Ia *? | <JQ0 -4 1 6 © I M COM © M© 19 Si la 00 , .it CX oocc CDQC 00 00 MM MM o © N- to 03fcO © 03 1a 1a l a 00 00 00 . 00 00 MM M 1 MM O*oo M ©to GOOD © 6 . ...1 5 78 ....2138 ....220s ....1508 to ta l 206 684 200 200 1 ,2 0 0 1 ,2 0 0 890 1,800 2,190 00 00 ©M 00 00 6 6 1 oooo 6 6 CtfC* ia 00(30 o© O CD 00 <J © 6 w© ia oooo o© ^03 •4 i •4 | > 6 ' 6 § if 1* C - xJ y? g^ r g oafco toif- CD i a 1a 1a i a 00 00 00 00 oooo <300 MM ©M ©M «£>© to ©<l ©cn <i ia <300 ta r GOGO ©O ©O OO00 6 © ©o oooo o© QO^ ©6 oneoo oo 00 00 CD00 00<3 CD<8 m 6 M© HO 6 6 6© ex© ©to Ot© 1a i a i a I a 1a 1 gi 03 00CD MM tOto ia 00 00 MM 05 05 00 °o 05tO ia 00 00 MM QD, 00 00 H 1 ©O CD© © ia 19 0? 1 00CD M ' MsL M ©#>• . oo 1M © M <J ia a i °p i' ® M GO CD , 1 00 pl 1p © © 00GO 00 00 MM © o Mt3 03CD 00 1a 1a 1a -1-4 ©© OO© 1 a GOCD oooo GOOD OOOO MM © ^ ©O 6 6 to 00 <JtO ow oooo •JSI °? 1 <?l M1 6 © © 1 6 6 ICO 00 03 M © 03 i a 1 a i a 1a ODCD oooo °° i <ioo MM O M ©1 CD© Goto 0505 © o QD, oooo oooo ©o ©o one. ©to l a 1a t a 00GO 00 00 CDCD © M o© o© ©to ©CO M05 ©1 00 1 1 <1 6 © ia °? *i © © pi § 3 r g •w Ss © - ^» 11 00 1©CR 1' °FtoM 1 103°?© 1© 1a a 1 a Ia i1< *?1 i' °? i °? to 1i °?Pto Of CB c* to 03 'i *? 03 *1 *? CB CD 1a la 1 *? 00 00 6 -6 ia l| ii °©p On , -4 '© ia 1i °?©© T he V isible ^s u pp ly of C otton to -n ig h t, as m ade up by cable and telegraph , is as fo llo w s. F oreign stock s, as w ell as the afloat, are this w eek ’s returns, and con sequ ently all foreign figures are b ro u g h t d ow n to T hu rsday even in g. But to m ake th e to ta l th e com p le te figure® fo r to-n igh t Jan, 31), we add the item o f ex p orts fro m fe e U n ited States, Including in it th e e x p o rts o f F riday on ly. 1902. 4901. 1900. 1899 Stock at Liverpool,,.,,.™bales. 991,000 747,000 669.0001,756,000 Stock at London...... ....... . 5 ,0 0 0 1 2 .0 0 0 2 ,ooo 4,000 Total Great Britain stock. 996 0 0 0 759,000 671,000 1,760,000 Stock at Hamburg. . . .. 11,000 13,000 18,000 19.000 Stock at B r e m e n ......... . . . . . 236,000 267,000 252.000 365.000 Stock at Amsterdam.... ...... .. . . . . 3.000 1,000 Stock at R o tte r d a m ........... ...... 200 300 200 4 000 Stock at Antwerp . . . . . . . . . . . . . 3,000 4,000 9.000 Stock at Havre........ . 198,000 136,000 265.000 332.000 Stock at M a rseille s............ 2,000 2.000 4.000 4.000 53.000 82.000 Stock at Barcelona........ . 86 000 58,000 Stock at G en oa ..... . . . __ .. .. 49,000 45,000 52.000 45.000 stock at T r ie s t e ........ . . . . . . . 2 ,0 0 0 3,ooo 12.000 6.000 Total Continental stocks.. 587.000 528 2 0 0 677 3 >0 849,200 Total European Stocks.... 1,583 000 1,287,200 1,348,300 2,609,200 India cotton afloat for Europe 62,000 108.OOC 26,000 90.000 Amer. cotton afloat for E’rope. 628,000 498.000 440,000 680,000 SRypt, Brazil,&o.,aflt. for E’ pe 47,000 82 000 63,000 36.000 Stock in Alexandria, E gypt... 243,000 176.000 203 000 276,000 Stock in Bombay. India. . . . . . . 381,000 383 000 830,000 340.000 Stock in United States ports.. 938.695 961.251 1,037.981 1,026,695 Stock in U. 8 . interior towns.. 659,069 752.963 693,030 599.918 50,487 25,741 39,746 United States exports to-day.. 13 05 v Total visible su p p ly .......4,554,815 4 , 2 4 8 ,9 0 0 4,167.052 5.697,559 Of the above, totals of American and other descriptions are as follows: 666.000 546,0001,643,000 494.000 644,000 801.000 628.000 498.000 440 OOO 680.000 United States s to c k ....... . . . . . 988,695 961.251 1.037,981 1,026,695 United States interior stocks. 659,069 752.962 693 0 SO 599.918 50,487 25,741 39,746 United States exports to-day.. 13,051 Total A m erican ............3,694.815 3,432,700 S,38o,752 4,790,359 Mast In d ia n , Brcuril, rfc.— Liverpool stock.. . . . . . . . . . . . . . . 87,000 81.000 123.000 113,000 4,000 London stock.... 5,000 2 .0 0 0 5.000 1 2 ,0 0 0 48,200 Continental s to c k s ....___ .. . 35,000 33,300 85,000 34,200 *26.000 India afloat for Europe. . . . . . . 62.000 90,000 62,000 1 0 -',0 0 0 63,000 36,000 32,000 ffigynt, Brazil, &c., afloat...... 47,000 Stock in Alexandria, Egypt... 243 000 176.000 *203 0 0 0 276,000 Stock in Bombay, In d ia ....... 381,000 383.000 330 0 0 0 S40.OOO Total East India, dec,. . 860,010 826,*200 7-0,300 907,200 Total Amerioan..............8,694,815 S.412,700 3,386,752 4,790,359 Total visible simply.. sur .4,554,815 4,8*8, 00 4,16 7,05/ft ,697.559 S^si'd. Middling Upland, Liverpool.. •4Qd. 4^d. ftlSssd. ioS2 Middling Upland, New York,. 8 Mo. 100, 6s is*. 8 Mo. Egypt Good Brown, Liverpool SW16d, 5sl<*d> s&iad, 6V I Peruv. Rough Good, Liverpool 7d. 77, *d. 4* 11’,4 Broach Fine, L iverpool....... sissad. 5%d. ffisad. 4*uni. Ttanevelly Good, Liverpool... % »kad. Continental Im ports past w eek have been 143,000 bales. The above figures in dicate an tnomsae in 190,3 oi 396.915 bales as com pared w ith same date o f 1901, a gain o f HA7.706 bales from 1900 and a decline o f 1,113,744 bales from 19*9. ....1 5 3 s American afloat for Europe... Sales o s Spot & Contract Ex port. 11 ..0.111x6 Am erican— ....1318 Liverpool sto ck ..... ....bales. 904.000 Continental s t o c k s ....... . . . . . 552.000 ..= .l3 MARKET AND SALES. T h e t o t a l sa les o f c o t t o n o n th e s p o t e a c h d a y d u r in g th e w eek are in d ica te d in th e fo llo w in g s ta te m e n t. F o r the eon ven ien ee o f th e rea d e r w e a lso a d d c o lu m n s w h ic h sh ow a t a g la n ce h o w th e m a r k e t fo r sp ots a n d fu tu r e s c lo s e d on sam e days. Spot Market Closed. [V ol . L X X IV , C H R O N IC L E F e b r u a r y 1, 1902.] T H E A t t h e I n t e r io r T o w n s the m ovem ent— that la the receipt# for the w eek and since Septem ber 1, th e shipm ents fo r tne week and the stocks to -n ig h t, and th e sam e Item s fo r the correspon din g p eriod o f 1900-01 —is set o u t in detail b elow . Q u o t a t io n s f o r M id d l in g C o tto n a t O th er M a r k e ts .— Below are d o s in g qu otations o f m id dlin g co tto n at Southern and other prinoipal cotton m arkets for each (lay o f the w eek. YfteK ending Jan. 31. E l gB S Sg M 3 °g 9s sg§ o « sssfcaafcpsgosssssgB assasssgsg 2 S" :: £ 2 R : : : i : « g ; : g: : ................►.c ►» : ; : : : . Pk MM 10 K>M CO O MMM MMtO CNC0M K> M cnoo'm mV COOMto o CO<1 0»'O' M t o o o |P«'o'co'ooM<JCOCOOM <i®a>c*<iaocoMK>ao<x>^MGO<l*.©*o-ioo©-^©ao©<iMO«©to^ C»0*iP*OC0^C0GD<|O<l^C0C0COe>aO>C0l005MOC00000MOb3iP*-OM a> C* M o» M tOM M M o<jaocjiMK)*-»cn m <jo»oo© coc* co<j ^©if>-c*co©toooif*©ifb»M ~9p <J|fkOlMtOCC^O00© ODCJiMM©JOftd M QQJO Cfc 00<1COMO to00<JW ©'b»'b» <J00*0© <1© <1w V o «H b*<1m © ao© ©00 00©©0»©<l'0©*sJ''*^ COWChMCOMCCMKOCOtO^lf^OCOUiM O'©©#*©tO©©t0CG© C0©*v| X^©^a0©CQ00CO©<IWN>©©Wa0 W M W M l-> !-• tfkkS to C* tow ; <1 to HtJ *■l-<■ Io w a to't-ODHw'J-<l« WtOCW<)wVll-itOW*q<IWtO oa a < i| w m *. tox to wtoy>oo® aoif. too to ^ooocoooatoa-J to O WOOO'- HOO<OOWOO©U®-aOlWM«JOl(.'tWQO^^v|OOMO< © © to WK)M00bD©W XiV'Vcp'io co^-V o MM^|tObDM©t—CD Cnrfk<JQ0Wy»©0000 OIHNM-HMW MCPfcOM CWHMM 00 C*©QDOl© t*»>©^ W Of HH M ^ 3 © o ’coiVaVW V ©a>©aDh o o ^ wV ^ osco c* «^l<10»©O>ifc»-'.0CCC*<X*-M©a.M©a0O©M^I CO* ©fcOC*©WOOW*-©aoaO*OOOC*aO©OoaDOD©fcQ to wm a» © top tf^-MM COM M ©CD© —a CO© CO© no^ © COQOCRc^- MMl^^^HMMOWCPHM ©CDM<]i^K3^^^tO©©rfi‘ Q«<l©COOOCC©rfP‘^©tO©^0'-iaOMCOQO ^©©QiCOW©©©WtO©MW|^©©CO©Ol^©CCOtOXCO©©©t3 ll <fc COM Oi M ^3 tO IO M M & © © fcOM »^.M^MMtOCO<IO»M<y»tOtO COO»C**-'>©'*wfcO©0'©tO _©© M© © COto OD*>■© to © M^-Ooocoo» © © Mj- CO<1CO00^0© 0300© aococ^mV © odtoCO^OVK)©V wh V V wVsV oqoodx mVicoW ioi ©©^0©©K)CO<l^<|CCM©QC©M^l©aCWC ©tO^CO©M©M^-Oi W©MtO^©MM©^©W©tO»^r-CO©^©©H-05CO©tO^MW!^© © c* © MtO MMM<5 CO to Oi Mrf* (^•©<|<JM'y»lfp©^»©y:'0r<l©©<lMt0 ©tO<S©©©»fe'tffc<lCOCOOi I ^S’ KCOOD^^tOyHWkOCOCDi^. {CCHUtCO^WRtJHOO^HaOOJ w£'S co©©©to©©©c^w©to©ato©cc©^.<i©tots3©©©toto©cot3 COto to M W -qtowto to <51 WH'-'W apjfkto MW^Hj pJs0_^#.j^OO,t0M|fkQDj|»._pp toaooip WO_tO O' C oi w w toV u'oO'V#. • wwVjT-i’r-'wi-^<i olo ocji'woo w o w to a; to ■ ___ _ _ ^ ___ ..QOHOtW M * © W C D © C 0 *© C 7»M ; O*'4©-**0©C0O»M*-O«©O»t0©K>b3'' © to to C0 Ui0C©O^e © © O'O'OP -J© O<|K =>.^>© Mto 8S3© Ifs*CO The anove totals snow cn ai sue in te rio r sto ck s have de ereased du rin g the w eek 1,998 bales, and are to-n igh t 93,898 bales less than at sam e period last yea r. T h e receipts at ali tow ns h ave been 3,439 bales less than same w eek la st year. Ov e r l a n d Movem ent for th e W eek and S in g e S e p t . 1 .— W e g iv e b elow a statem ent sh ow in g th e ov erla n d m ovem ent for the w eek and since Sept. 1, as m ade up fr o m telegra ph ic reports F riday n ig h t, T he results fo r th e w eek ending Jan. 31 and sin ce 8ept. 1 in the last tw o years are as follow s. 1901-1902. January 31. Week. Shipped— Via 0t. L ou ie__ _ . . . . ___ . . . . Via C a ir o .. . . . . ................... . Via Paducah______ . . . . ____ __ Via Rook le la n d ._____ . . . . . . . . V laL ou lav lh c____ Via C in cin n a ti____ ____ . . . . Via other routes, &o__________ 26,125 3,374 1,461 5,267 4,936 17,907 Since Sept. 1. 1900-1901. Since Sept. 1. Week. 556,238 19,596 5,181 82,744 24 268 1,249 27,623 5,477 124,144 6,895 71,585 255,813 10,433 655,885 168,293 5,480 47,115 96,992 60,738 191,396 59,070 1,118,171 49,039 1,225,899 Total groBB overland____ ___ Deduct shipments— Overland to W. Y ., B oston , <fco.. 14.898 249,341 20,660 277,941 82,930 6,6S7 Between in terior tow n s............. 46,095 2,432 a0,909 2,766 29,147 2,331 Inland, * o ., from Booth....... .. 23,916 324,583 25,858 391,780 Leaving total net overla n d *.. 35.154 * Including movement by rail to Canada. 793,588 23,181 834,119 T o ta lto be d ed u cted ___. . . The foreg oin g show s the w eek ’s net ov erla n d m ovem ent this year has been 35,154 bales, against 23,181 bales fo r the w eek In 1901, and that fo r the season to date th e aggregate net overland exh ibits a decrease from a yea r ago o f 40,531 bales. in Sight and Spinners’ Takings. 1901-1902. Nee*. Since Sept. 1. 1900-1901. Week. Since Sept. 1. Receipts at ports to Jan. 81.____ 192.638 5,784.211 191,881 5,370,665 Net overland to Jan. 8 1 . .. ............ 35,154 793,588 23,181 834,119 Southern consumption to Jan. 81. 37.000 768,000 32,000 670,000 TotaPmarketed....................... 264,792 7,345,799 247,062 6,874,784 ■nterlor stocks In ex cess.............. *1,998 529,764 *24,375 708,335 222,687 Game Into sight during week. 262.794 7,583,119 7,875,563 Total in sight Jan. 31............. Worth’ n spinners tak’ gs to Jan. 31 * iDecrease daring week. 77,492 1,317,341 44,511 1,303,302 M ovem ent in to sight in pre noun years. Week— Sales. 1900 Feb. 9...................... 244,31 1 1899 Feb. 3 ..................... 208,385 1898—Feb, 4. .................... 257,7/8 1897 Feb, 6 ........ ............116,134 Since Sept.. 1— 1899-00—Feb. 2 ............ 1898 99—Feb. 8 ........... 1897-98—Feb. 4 ........... 1 8 9 6 -9 7 -Feb. 5 ............ CLOSING QUOTATIONS NO It MIDDLINO COTTON ON— Satur. Galveston... New Orleans M obile........ Savannah... Charleston.. Wilmington. Norfolk...... Boston........ Baltimore. . Philadelphia Augusta — Memphis___ St. Louis__ Houston___ Cincinnati.. Louisville. . * ;: ; 277 C H R O N IC L E . Hales. 6,823,130 8,904,370 8,710,681 7,063,291 7*8 7*8 7 18ie 7l3le 7 18l« 7*8 8 8 5ia 8 ti 8 °ie 8 ba 71S10 7*8 7*8 8 is 71510 Mon. Tucs. 7*a 7*« 718,0 718,0 718,« 7*8 715,0 8 S^a 85,0 84 8 >4 b« ,0 8 °ie 8 i,«® !e s iie ® 1® 7*8 7i8ia 7*8 7*8 715,0 715,0 7*8 7*8 71»1S 7l:!ia 718,e 7*8 8 715,e 8 715,8 Wedncs. Thurs. Fri. 7*8 7*8 718,0 718,0 718,0 7*8 715,0 85,0 84 84i 8 b, 7*b 7*8 715,0 716,0 7i8,« 718,0 718,0 713,0 7*8 716,0 84 84 8 ia 8 >e 7*8 7*8 716,0 716,0 718,0 718,0 713,0 71.1,e 7*8 716,0 84 84 8 ia 8 b3 7*8 7*8 716,0 8 8 8 8 716,0 715,0 The closin g quotations to-d a y (F riday) at oth er im p orta n t Southern m arkets w ere as follow s. Athens............. Atlanta............ Charlotte........ Columbus, Ga. 81,a 7*8 7*8 7% Columbus, Miss Eufaula............ Little R ook___ M ontgomery... 78a 74 74 74 I Nashville........ |N atchez.......... I R aleigh........... |Shreveport.... 7*8 75« 7*8 74 W eath er R eports b y T e l e g r a p h .— T elegraph ic advices to us this evening fro m the South in dicate that rain has fallen in m any districts du rin g the w eek, and in portions o f Mississippi, A rkansas and Tennessee there has also been sleet and snow. In Texas and alon g the A tla n tic, h ow ever, the weather has been m ore sa tisfa ctory, the p recipitation having been light as a rule. Galveston, Texas,— Show ers have fallen on fou r days du r in g the w eek, to the extent o f sev en ty -tw o hundredths o f an inch. The therm om eter has ranged fro m 38 to 62, averaging 50. M onth’s rain fall, eighty hundredths o f an inch. San Antonio, Texas.— W e have had show ers on three days during the w eek, to the extent o f ten hundredths of an inch. A verage therm om eter 47, highest 66, low est 28. M on th ’s rainfall, sixty-seven hundredths o f an inch. Palestine, Texas— There h as been rain on five days du rin g the week, the precipitation reaching one inch and forty-six hundredths. The therm om eter has averaged 42, the highest being 66 and the low est 18. January rain fall one inch and forty -six hundrtdths. Fort Worth, Texas. —There have been show ers on th ree days during the week, the precipitation being thirty hun dredths o f an inch. T he therm om eter has averaged 29, ranging fro m 12 to 46. M on th ’s rain fall thirty-three hun dredths o f an inch. Corpus Christi, Texas.—W e have had show ers on five days the past w eek, to the extent o f tw enty hundredths o f an inch. The therm om eter has ranged from 30 to 62, aver aging 46. New Orleans, Louisiana.— There has been rain on fou r days o f the w eek A verage therm om eter 70. Shreveport, Louisiana.— There has been rain on each day during the past w eek, the precipitation reach in g one in ch and nineteen hundredths. The therm om eter has averaged 46, the highest bein g 68 and the low est 23. Columbus, Mississippi.—There has been rain on five days the past w eek, the rainfall being tw o inches and tw en ty-five hundredths. The therm om eter has averaged 39, ranging from 22 to 55. Leland, Mississippi.— W e have had rain to the exten t o f tw o inches during the w eek. T he therm om eter has ranged from 22 to 62, averaging 30‘8. Vicksburg, Mississippi.— R ain has fallen on each day o f th© week, the rainfall reaching one in ch and tw elve hundredths. A verage therm om eter 49, highest 74, low est 26. Little Rock, Arkansas.— There has been rain, sleet or sn ow on each day o f the w eek, the precipitation reach in g five inches and ninety-five hundredths. Trees and grou n d are covered w ith ice. The therm om eter has averaged 30, the highest being 41 and the low est 16. Helena, Arkansas.—There has been rain, snow or sleet on five days the past w eek, to the extent o f fo u r in ch es and thirty-one hundredths. The therm om eter has averaged 35*3, ranging fro m 19 to 60. Nashville, Tennessee.—The w eek’s precipitation has been three inches. A verage therm om eter 38, highest 62 and lo w est 16. Memphis, Tennessee.— W e have had snow , sleet or rain on each day o f the past week, the precipitation being four in ch es and fifty-eigh t hundredths. T he therm om eter has averaged 33*1, the highest beiDg 63 and the low est 15. Mobile, Alabama.— Ftiere has been rain on five days the past week, to the extent o f one inch. T he therm om eter has averaged 54, ranging from 38 to 69. Montgomery, Alabama.— W e have had rain on fo u r days during the week, the rainfall reaching one inch and n inetyseven hundredths. T he therm om eter has ranged from 86 to 63, averaging 52. Selma, Alabama.— The w eek’s rainfall has been three inches and ten hundredths, on fou r days. A verage th er m om eter 55, highest 70, low est 37. Madison, Florida.—W e have had no rain the past w eek. The therm om eter has averaged 64, the highest being 78 and the low est 52, J THE 2 7 8 C H R O N IC L E . Savannah, (Morgift,—There has b en no rain during the week. The therm om eter has averaged 56, ranging fro m 40 to 78, A ugvxta, G eorgia .—Xfc has rained on three days o f the week, the precipitation reach in g nineteen hundredths o f an inch. The therm om eter has ranged from 83 to 71, a v e ra g ing 49, Okurlestan, South C arolin a, —There has been rain on fou r days the past week, to the extent o f tw o hundredths o f an iumi. A verage therm om eter 53, highest 73, low est 85. Statetmrg, South Carolina. —W e have had lig h t rain on three days durin g the week, to the extent o f fou r huudredths of an inch. The therm om eter has averaged 48'5, the highest being 74 and the low est 80, Greenw ood, South C arolina.—There has been rain on fou r days the past week, to the extent o f eighty fou r hundredths o f an inch. The therm om eter has averaged 43, ranging from o 1 to 51, C harlotte, N orth C arolin a.— W e have had cold and w et w eather during the week. T he rainfall reached one inch and thirty-seven hundredths. The therm om eter has ranged fro m 39 to 56, T he fo llow in g statem ent w e have also received by telegraph, sh ow in g the height o f the rivers at the points nam ed, at 3 o ’clo ck Jan. 80, 1902, and Jan. 81, 1901. Jan. 30, '02. Jan. SI, ’01. Feet. Feet. 7'9 4-2 New Orleans.. . . . . . . ...A b o v e sero o l gauge. 7-6 11 1 M em p h is...... 31-2 98 N a sh v ille...... 2-6 01 S hreveport.... ............A bove sero o f gan ge. 220 Vicksburg........ 67 [Y ou L XX IV . C otton C onsumption and O v e r la n d M ovement to E kb , 1* h i consequence o f the cro w d e d con d ition o f ou r colu m n s this week, we om it givin g the usual extensive details o f the overland m ovem ent. B elow , h ow ever, w e present a synopsis for the month o f Jan u ary and the five m on th s ended Jan. 81 for three years. Gross overland for January.. . . . . . bales. Gross overland for 5 months........ .......... Net overland for January...... ............... . Net overland for 5 months.................. . Port receipts in January.......................... Port receipts In 5 months................ . . . . . Exports in January..... .......................... . Exports in 5 months,................................. Port stock s on J anuary 31........ .......... Northern spinners’ takings to Feb. 1 .... Southern spinners’ takings to Feb. 1 -.-. Overland to Canada for 5 months (ineluded in net overland)......................... Burnt North and South in 5 mouths....... Stock at North’n Interior markets Feb. 1 Came in sight during January................. Amount of crop In sight Feb. 1............... Came in sight balance season ......... ....... Total crop................................................... Average weight of bales .................... — 1901-02. 1900-01, 1899-00. 297,118 1,118,171 202,567 793,588 994,033 5,784,211 955,478 4,534.019 938,696 1,317,341 788,000 222 250 1,221,851 126,360 834,056 795,182 5,313,855 764,242 3,952,532 1,003,135 1,289,394 606,0C0 203,647 1,255,684 139,212 960,241 769,021 4,701,904 747,746 3,330,939 1,037,853 1,660,254 632,000 57,920 59,028 73,941 6,578 10 14,872 20,418 7,5(0 14,956 1,298,354 999,542 926,283 7,875 563 7,565,911 0,761,145 2,859,230 2,678,414 11425141 9,439,559 5C4-92 507-78 511-40 S h ip p in g n b w s .— a s s h o w n o n a p r e v io u s p a g e , th e e x p o r ts o f o o t t o n f r o m t h e U n it e d S t a t e s th e p a s t w e e k h a v e re a ch e d 237,643 Dales. T h e s h ip m e n t s in d e t a i l, as m a d e u p trom m a il a n d t e l e g r a p h i c r e t u r n s , a r e a s f o l l o w s ; Total M e t . New Y gkk —T o L iverpool, per steamers Boyle, 52___Cana I n d i a C o t t o n M o v e m e n t f r o m a l l P o r t s ,— T he receipts dian, 4,865__ Ivernla, 4,587________ 9,504 o f co tto n at B o m b a y and th e sh ip m en ts fr o m a ll In d ia ports To Havre, per steamer La Champagne, 419 upland and 186 Sea Island.............................. 605 fo r the w eek en d in g Jan. 80, and fo r th e season fro m S ept. 1 To Bremen, per steamer Koln, 4,723....................................... 4,723 to Jan. 30 fo r th re e y ea rs h a v e b een as f o llo w s ; To Antwerp, per steamers British Princess, 1,000....... Vaderland, 1 0 0 .................................... 1 ,1 0 0 1901-02, 1899-1900. 1900 01. To Reval, per steamer Hekla, 50 ............................................ 50 To Fiume, per steamer Pawnee, 1 0 0 ...................................... 100 Beceiptt at— Since Sines Nine* To Genoa, per steamers Lahn, 730___Sardegna, 300.......... 1,030 Week. Week. Week. Sept. 1. Sept. 1. Sept. 1. To Naples, per steamers Lahn, 4 4 8 ....Sardegna, 355........ « 803 200 To Trieste, per steamer Pawnee, 200...................................... Bombay.......... 113,000 886,000 91,000 650,000 34,000 528,000 To Venice, per steamer Pawnee, 398....................................... 398 1,400 To Shanghai, per steamer Adria, 1,400.................................. For ike Week. Since September 1. Nbw Obleaks —To Liverpool—Jan. 25—Steamer Meohanclan, Exports 23,433....................................... . ................................................ 23,433 Great Conti from — Great Conti To M anchester-Jan. 29—Steamer Manchester Importer, Total. Total, Britain. nent, Britain. nent. 12,136......................................................................................... 12,136 To B rem en-Jan. 2 9 -Steam er Lake Manitoba, 22,766....... 22,766 Bombay— To Copenhagen—Jan. 25—Steamer Arkansas, 824........ . 824 1901 02., 1,000 105.000 106,000 13,000 13,000 To Oporto—Jan. 24—Bark Fortuna, 2 0 0 . . . . . . . ................ . 200 ........ 1900O 1.. 8,000 3.000 26,000 193.000 219,000 To Barcelona—Jan. 2 9 —Steamer Puerto Rico 5,778— . 5,778 1899- 0 0.. 9,000 9.000 26,000 26,000 To G enoa-Jan. 24—Steamer Jose Gallart, 10,308 . . . . Calcutta— Jan. 25—Steamer Sicilia. 9,371 .......... .................. 19,679 1901 62.. 1,000 5.000 6.000 G alveston- T o Liverpool—Jhn. 25—Steamer Yucatan, 5,692 1900- 0 1 .. i*6oo i',6oo 2,000 8.000 10,000 ....J a n . 27—Steamers Samara, 8,808; Serra, 5,488........ . 19,988 189ti-00.. 1,000 1,000 1,000 0,000 7,000 To Manchester—Jan. 24—Steamer Euskaro. 6,795............... 6,795 Madras— To Havre Jan. 21—Steamer Heathburn, 13,907 .............. 13,907 = 1901- 02 . 3.000 3.000 Pensacola—To Liverpool—Jan. 29—Steamer Gracia. 8,300... 8,300 1900- 0 1 .. 9.000 7,000 16,000 To Bremen—Jan. 3 t —8 teamer Themis, 11,100........... ....... 11,100 1899-00.. 1.000 1.000 F ebnandina —T o Hamburg—Jan. 30—Steamer Forest Brook, ........ All others— 2 0 0 . . . ....... .............................................. -.................................. 200 1901- 02.. 3.000 86,000 8,000 36.000 savannah —To Liverpool—Jan. 24—Steamer Romney, 6 ,0 19 1900*01.. 8’,6b'6 1.000 26,000 34.000 1,000 upland and 500 Sea Island—Jan. 25—Steamer Yanariva, 1899 00.. 12,000 12.000 5,084 upland and 202 Sea Island........ ............................ . 11,805 To Bremen—Jan. 25-Steam er St. Filians, 13,919....J a n . Total a l l 28—Steamer Alba, 1 2 ,0 3 3 ........................ ........ ................. 26,002 2,000 149.000 151.000 16,000 18.000 1901 02.. To Barcelona- Jan. 25—Steamer Cyolades, 4,440................. 4,440 To Genoa Jan. 25—Steamer Cyolades, 2,102..... .......... . 5,000 2,102 43,000 286.000 279.000 i'.ooo 4,000 1900-01.. 1.000 10,000 10,000 45,000 1899-00.. 46,000 Brunswick —To Liverpool—Jan. 30—Steamer Magda, 1,274... 1,274 To Manchester—Jan. 30—Steamer Magda, 2,o97.................. 2,097 A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s o f C o t t o n .— Ohableston—To Liverpool—Jan. 24—Steamer Huelva, 4,100 upland and 400 Sea Island........................ .......................... 4,506 A lexandria, E gypt, To Barcelona—Jan. 29—Steamer Falkenstein, 1 ,7 7 5 ........ 1,775 1901-02. 1900-01 1899-1900 January 29, Newport N ews—T o Liverpool—Jan, 25—Steamer Shenan doah, 1,4 7 8 ............................................... ............................. 1,478 Receipts (cantars*)».. Boston—To Liverpool—Jan. 21—Steamer Philadelphian, 324 60,000 This w e e k . .. .. ... .. . 195,000 225,000 Jan, 22—Steamer TJItonia, 4,799....... Jan. 24—Steamer 3.667,000 Since Sept. 1 . . . . . . . . 5,005,000 5,318,000 Lancastrian, 251.. ......................................... ......................... 5,374 Baltimoke —To Havre—Jan. 24—Steamer Storm King, 2 5 0 ... 250 This Since This Sim s This Since To Hamburg—Jan. 23-Steam er Brisgavia. 2,5 0 ........... . 2,520 week. Sept. 1. week. Sept. 1. week. Sept. 1. San F rancisco—To Japan—Jan. 30—Steamer Hong Kong Maru, 950..................... - ............ ........................................... ®50 Rxports (bales)— 821 To L iv e rp o o l..^ ..... 9.000 202.000 8,000 197.000 15.000 284.000 Tacoma _To Japan—Jan. 27—Steamer Tacoma, 8 21................ . To Continent f . . . . . . 11,000 262,000 3,000 142.000 18.000 251.000 Seattle -T o Japan—Jan. 28—Steamer Riojun Mara, 7 ,2 3 0 .... 7,230 Total....................................... — ..................... — ............*237,643 T otal E u ro p e . . . . . 20,000 464,000 11,000 339,000 28,000 535,000 C otton S u p p l y and C onsumption in E u r o p e .— B y cable w e have received the substance o f M r. E llison’s first o f January cotton review , and in ou r editorial colu m n s give th e results and som e suggestions respectin g them . * A oa n ta ris 98 pounds. t Of which to Am erica in 1901-02,54,831 b a les; In 1900-01 27,867 bales; In 1899-1900, 58,157 bales, M a n c h e s t e r M a r k e t .— O ur re p o r t re c e iv e d b y cable to-n igh t fro m M a n ch ester states th a t th e m arket continues quiet for yarns and firm fo r shirtings. M an u factu rers are generally w ell u n der con tra ct. W e g iv e th e prices fo r to-d a y b elow and leave those fo r previous w eek s o f this and last year fo r com parison . 1901-02 1900-01, 8% lbs. Shirt Oott’n 8% lbs. Shirt Oott’n 32» Oop. ings, common Mid. 32s Oop. ings, common Mid Twist, Twist. to finest. Uplds to finest. Uplds d. a. Do, 27 71l6®71316 Jan, 3 7 ©7% “ 10 6i5ia-7 U la ©7% “ 17 7 “ 24 6 7a ©7 ®8 " 31 015 m ® 7% 8. 5 5 5 5 5 5 d, s. 2 ©7 1%®7 1 ©7 1%©7 1 ©7 1% »7 d. 11 10% 9 10 10 10% d. d. d. 4M1S2 83a ©938 8% ©9% 4W33 4W33 8% ©9% 49m 8% ©9% 4% 8% ©938 4% 87i(i© 9^ a. 5 5 5 5 5 5 d. s. 5 ©8 5%®8 6 ©8 6 ©8 6 ©8 6 ©8 d. 0 1% 1% 1% 1% 1% d. 51SS2 51783 51933 51533 5% 51833 O o tto n f r e i g h t s a t N e w Y o r k t h e p a s t w e e k h a v e b e e n as f o l lo w s . S a in t. M on. Twe*. W ednes. Thure, F ri. 1 2 % 1 2 - 1 2 % 1 2 - 1 2 % 1 2 - 1 2 % 13-12% 1 2 - 1 2 % L iverpool........ . c. 15 15 15 15 15 15 Manchester, 18 18 18 18 18 18 H a v re......... .e. 17% 17% 17% 17% 17% B rem en ............ .«■ 17% 17% 17% 17% 17% Ham burg.. . . . . . . e. 19 19 19 19 19 19 Ghent........— c. IS 13 13 18 A ntw erp............ e. 26 26 26 28 26 26 Reval, via H ull..c. 32 S3 82 82 sa 32 Reval, via Canale, ...... ...... St. Petersburg...e. . «««»«» 28 ss 28 28 28 28 B arcelona........... e. G e n o a .............. a i7%-/y% 17-18% 17-18% 17-18% 17-18% 17-18% 38 I 28 28 28 28 Trieste................. c. Quotations are cents per 100 lbs. ask.e. 17% 17% 13 13 February 1, 11)02.) T H E L iv e r p o o l .— By ca b le fro m L iv e r p o o l w e have th e f o l io " Ing sta tem en t o f th e w eek ’s sales, stook s, & o ., at that nnrt Jan. 10. Bales of the week..........bales. Of whloh exporters took ... Of whloh speculators took. Sales American...................... Aotnal export......................... Forwarded..... .......................... Total stock—Estimated...... . Of whloh Amerloan—Est’d. Total Import o f the week----Of whloh Amerloan............. Amount afloat......................... Of whloh Am erican............. Jan. 17 54.000 2,900 1,400 49.000 15.000 79.000 943.000 840.000 209.000 175.000 315.000 278.000 Jan. 24. 53.000 49.000 1 ,2 0 0 1 ,0 0 0 1 ,2 0 0 200 47.000 .44,000 18.000 97,000 997.000 903.000 207.000 184.000 279.000 253.000 8 ,0 0 0 93.000 900.000 803.000 58.000 42.000 334.000 822.000 Jan. 31 41.000 400 300 36.000 1 2 .0 0 0 8 8 ,0 0 0 991.000 904.000 95.000 81.000 806.000 279,000 The ton e o f th e L iv e rp o o l m a rk et fo r spots and future* each day o f the w eek en d in g Jan. 31 and th e d a ily olosinp prices o f spot co tto n , have been as fo llo w s . Bpot. gat’day. Market, i 12:30 P. M. \ Q u iet. Mid. Upl’ds. M onday. Tuesday. Wed’day. Thursd'y D u ll. Q u iet. F irm e r. In buyers fa v o r. Friday. Sm all Inquiry. 41532 41532 41?32 41732 4% 5,000 600 7,000 500 7,000 500 8 ,0 0 0 7,000 6 ,0 0 0 300 Futures. Market \ opened. 5 Q u iet a t partially 1-64 d ee. Q uiet. Market, 4 p. m . Q u iet at S tea d y at S teady at Q ’ t & s t ’ dy S tea d y at B r’ly s t ’dy 1 pt. 1% pts. «p t. % Pt. %pt~ 1%@2 pts. d e c lin e a d v a n ce d e c lin e a d v a n ce . ad va n ce. d e clin e . Bales........... Spec. &exp. ? 5 4 1* 500 500 S tea d y al S teady at S tea d y at S teady at 1-64 @ 2-64 2-64 a d 1-64(0.2-64 1-64 d e d e clin e . v a n ce. d e clin e . clin e . The p rices o f fu tu res at L iv e rp o o l fo r eaoh day a r c -re b8low , P rloes are on the basis o f U p land s, G o o d Ordinary olause, unless oth erw ise sta ted . S a t. M on. T u es. Jan. 25 Jan. 27. Jan 28 W ed . T k u ra . F ri. Jan. 29. Jan. 30. Jan. 31. 124* 1 122 * 4 1 2 i* 4 1 2 i* 4 1 2 i* 4 1 2 *g 4 P. M. P.M. P.M. P.M. P.M. P.M. P.M. P.M, P.M P.M. P.M P. M. January — Jan.-Feb___ Feb.-Moh., M ch.-Apr. .. April-May... May-J une... June-July... July-A ng... Aug.-Sept... Sept.-Oct. .. Oet-.Nov,... Nov.-Deo. .. d. 4 29 4 28 4 27 4 27 4 27 4 27 4 27 4 27 4 23 4 15 d. d. 4 28 4 27 4 27 4 26 4 26 4 26 4 26 4 26 4 27 4 26 4 27 4 26 4 27 4 26 4 27 4 26 4 22 4 22 4 14 4 14 d 4 28 4 28 4 27 4 27 4 27 4 27 4 27 4 27 4 23 4 15 d. 4 27 4 26 4 25 4 25 4 25 4 25 4 25 4 25 4 22 4 14 d. 4 28 4 27 4 26 4 26 4 27 4 27 4 27 4 27 4 23 4 16 a. 4 30 4 29 4 28 4 28 4 29 4 29 4 29 4 29 4 25 4 18 d. 4 £0 4 29 4 28 4 28 4 28 4 28 4 28 4 28 4 24 4 17 d. 4 29 4 28 4 28 4 28 4 28 4 28 4 28 4 28 4 24 4 17 d. 4 30 4 29 4 28 4 28 4 28 4 28 4 29 4 29 4 25 4 17 279 C H R O N IC L E . a. 4 27 4 28 4 27 4 27 4 27 4 27 4 27 4 27 4 23 4 16 a. i 27 4 26 4 26 4 26 4 27 4 27 4 27 4 23 4 IS day there wps an easier m arket and, under m oderate selling, favorable weather conditions fo r the grow in g w inter wheat crop and turne foreign advices, prices sagged. The spot m ar ket was quiet. DAILY CLOSING PRICES OF NO. 2 R E D W IN T E R W H E A T Fat. (lash wheat f. 0 . b .......... March delivery In elev... May delivery In elev....... July delivery In elev....... DAILY GLOBING PRICES Jan. delivery in elev ....... May delivery In elev....... July delivery in elev...... M on. 87i® 84% 84i® 86:% 84 83% Tues. 863s 84 83% 8314 IN NK W Y O R K . Wed 877® 85 T h u rt 87% 84»® 843® 84 75 8® 78% 78% 78% 7feB® 83% 84% 837® 83*4 OF NO. 3 SPRING WHEAT IN C H IC A G O . Bat. M on. Tues. Wed. Thurs. F ri. 741® 78i® 78 744i 77% 77^8 743® 77% 770® 75% 741% 77% 777® Indian corn futures have been m oderately active. E arly in the week there was a sharp break in prices. Cable advices were weak despite the fa ct that exports fo r the week show ed a large shrinkage. The bu ll interests appeared dem oralized and there was a general rush on the part o f longs to sell out. The bear interest also was aggressive. D uring the second half o f the week there developed a decidedly better tone to the market. The pressure to sell from longs appeared to be over, and shorts b ou ght freely to co v e r con tracts and prices advanced rapidly, m ore than recoverin g the early decline. A dvices from the interior have reported a smaller crop m o v e ment, due to the storm y weather, and it is also stated that there has been a better cash business. The spot m arkets at the seaboard have continued quiet. T o day there was a quiet and easier market. DAILY CLOSING PRICES OP NO. Z MIXED CORN IN N E W Y O R K . Fri. Bat. Tues. Wed. Thurs. Mon, 693® lash corn f. 0 . b............ 67 67 6 6 78 68% 68% 67% 67% 65% 6538 67% May delivery In elev....... 6 6 % 67% July delivery in elev....... 663® 67% 65% 65% 66% DAILY CLOSING PRIORS OF NO. 2 MIXED CORN IN C H IC A G O * May delivery In elev....... July delivery in elev....... Sept, delivery In elev __ Bat. 61% 613® 60% Mon. 60% eo*® 59% Tues. 60% 60% 59% Wed. 82% 62% 61% Thurs. 63 63 62% Fri. 62% 62% 6180 Oats fo r fu tu re d elivery at the W estern m arket have been active, there being at tim es m u ch excitem en t to the trad in g , and the fluctuations in prices have been unusually violent. The tendency o f prices early in the w eek was d ow n w ard. There was aggressive selling by the tea r interests; this started extensive liquidation by speculative holders, and w ith com paratively little support to the m arket prices declined rapidly. Subsequently, h ow ever, a fter the lon g liqu idation had run its course, prices rallied sharply. The crop m ove m ent was reported light, and w ith the leading bu ll operators again in con trol, shorts were experiencing som e difficu lty in coverin g their sales. L o ca lly there has been a qu iet and u n settled market, closin g steady. T o-day prices weakened slightly. DAILY CLOSING PRICES OF OATS IN N E W Y O R K . J ute B u tts , B a g g in g , E t c .—The m arket fo r ju te bagging has continued dull during the w eek under review . L ittle or n o business reported and prices are nom inally unchanged at 5% c. fo r \% lbs. and 5% c. fo r 2 lbs., standard gradee. Car lots o f standard brands are quoted at 5% (g6e., f. o. b., a c cord in g to quality. Jute butts also du ll at l% @ l % e . for paper quality and fo r baggin g quality. F ri. 87% 84% 83% 83°® No. Wo. Bat. Mon. Tues. Wed. Bat, Mon. Tues. Wed. 417® 373® 31% 44% 38% 32% Thurs. F ri. mixed in elev ...... 49% 46% 48% 49 49 48 52% white in e le v ...... 51% eo 50% 49 48 DAILY 0LO8INO PRICES OF NO. 2 MIXED OATS IN C H IC A G O • 2 2 May delivery In e le v .... July delivery in e le v .... Sept, delivery in e le v .... 44 39 33% 42% 37% 32% Thurs. 44% 33% 32% Fri, 44% 38 % 328g F ollow in g are the closing quotations: FLOUR. BREADSTUFFS. Fine..,,......... Nominal. Patent, w inter___$3 90 0 4 Superfine ___ _ Nominal. City mills, patent. 4 1 0 0 4 (Extra, No ?. . . $3 00 ©3 05 Bye flour,superfine 3 25 0 3 Extra, No i . . . . . . 3 20 0 3 30 Buckwheat flour.. 2 05 0 2 Olears..^.^,-,,,^. 3 30 0 3 70 Corn meal— Straight®.... • 3 75 0 4 00 Western, etc____ 3 40 0 3 Patent, spring .. . 3 90 0 4 65 Brandywine . .. . 3 55 (Wheat flom? in cacks sells at prices below those for barrels.) GRAIN. 20 65 75 15 F r i d a y , Jan. 31, 1902 O w in g to a decline in prices fo r the grain, there was a 50 quiet and easier m arket fo r wheat flour du rin g the first half o f the week, th9 only business o f im portance transacted being lim ited sales o f spring patents to exporters at low er prices. Subsequently, how ever, the wheat m arket rallied, and local Wheat, ner busc — Com, per bush.— c. c. c e. jobbers becam e better buyers to obtain supplies to replenish Hard Man. . L i t . . 85 3®®87% Western mixed.6 6 8g© 6 8 % ........... 67% ®68% No. 2 m ixed..... N’them L»ul.t N o . a 830®®8538 depleted stocks. N orthw estern advices reported business for Red winter, No. 2 85%®87% Western yellow .......... 67%©69% the w eek as quiet, but that the ou tlook was considerably Hard N. Y. No. 2, 8338 0851* Western w hite.. .. . . . . .6 7 as® 703» m ore favorable for an im provem ent in the demand. B ye 'ats—Mix’ d, p. bush. 48 ©51% Bye, per bush— flour has been quiet but steady. B uckw heat flour has sold W h ite...................... 50 0 5 5 Western..... ............ ,„.61%W 64% No. 2 mixed.......... 49 051 State and Jersey.. .. . .6 4 ©65 slow ly and prices have declined. Corn m eal has been quiet No. 2 white........... 501*052 Barley—Western............. 6 8 0 7 2 and unsettled. Feeding..........................60 065 Speculation in w heat for fu tu re delivery has been fairly The m ovem en t o f bread stn ffs to m a rk et as in d ica ted in the active. D arin g the first h a lf o f the w eek the tendency o f prices was dow n w ard under continued free selling by tired statem ents b e lo w is prepared b y ns fr o m figures collected by the N ew Y o rk P roduce E xohange. The receipts at speculative holders to liquidate their long contracts. Euro pean cable advices were u nfavorable to the bull interests, W estern lake and river ports fo r the w eek en din g Jan, 25f reporting quiet and low er m arkets and foreign statistical de *nd sin ce A u g . 1, for each o f th e last th ree years have b e e n j velopm ents, ow in g to heavy shipments from exportin g cou n lIM iD tl « * — F leu r. W hsat Corn. O ati. A »*. tries, were bearish. T he U nited States visible supply, how B b ls.l9 «lb t Bush.SOlbt Bush.bOlbs Bush.92lbs B ush.iBlht B a .e e ibs. ever, made a smaller increase than was generally expected, 173,862 156,800 616,866 1,219,930 872,770 62,460 and this helped to <ffset to som e extent the effect o f the large Jhleago....... 13,625 817,600 114,000 220 200 861,000 27,200 increase in the am ount o f wheat afloat fo r Europe. D uring the d llw a n k e a . lulutta ......... 874 E61 17.008 16,151 2,012 latter part o f the week there was a decided tarn for the bet A lu n a a p olli. 1,306,000 118.650 155 820 65,070 8,900 ter , all o f the loss in prices being recovered . European markets P ola do......... 35,281 300 224,698 118,200 .. .. .. 2,400 w ere stronger, based, it was understood, on the possibilities la tr o lt ....... 10,961 47,241 1,600 51,491 ............. o f an early settlement o f the B oer war. Indications that the H aveland .. 22,182 9,714 129,810 168,309 tired lon g interest bad been fairly w ell liquidated also was a i t . L o u l i .. . 34,615 111,291 9.760 610.010 43 600 628 600 favorable factor. Shorts bou gh t to cov er contracts and this, % o r l a .......... 7,000 26.650 36.200 689,700 88,400 802,900 too, added tem porary strength to the m arket. Business in t a n .a i City 593,600 80,800 144 400 the spot m arket has been fairly active, exporters being i’ ot.w k.1912 119.T72 888,891 2,814,578 8,071,406 2,912 238 293,166 freer buyers at the decline in prices, taking som e fair-sized la m e wk.'O l 904,966 110,389 3,058,625 6,916,981 8,428,403 319,183 lines. A dvices from the interior say that the g row in g w in <>me wk. 00 1,021,669 116 021 2,228,869 8,182,5 !0 8,002,788 811 100 ter wheat crop is w ell covered with snow and that the gen <tn«« A U|. 1. eral condition o f the cro p is fair to good. The interior grain (#01-02.......... 11,614,398 167.192.0C0 75,768 948 82,819,910 89,461,680 8,988,469 m ovem ent has been light, and it was stated that there has '#(10.01......... 10,101,170 116.980 761 112,2*0,222 91,146.619 31,637,181 8,131,189 10,118,668 181 196 860 118,781 100 09,464 01A 28,024 280 4,010.763 been some disposition shown by farm ers to hold wheat. T o 1890-00 . 280 T H E The receipts of flour and grain at the seaboard ports for tiio wuok mailed Jan, 25 , 1902, fo llo w ; H our. b b lt . ........ 104,181 jS o a to ii............... 21,170 6,8*0 y.oalF6& L., .......... r h lliid a ly iiia ...... , 5 3 , 5 7 3 68,040 ji M s u H p i* m — © iv Y o rk — V orn b u sk. W n * * i. b u th 601,600 869,020 12,146 106,246 68,813 00,000 17,000 n * » o r i « » u » - ----W estport Nona.... a ,m 12,090 40,020 S t .J o h n , N . B . . . . . . 2,808 20,046 T otal w eek .. ... .. W e e k 1001. ......... 827,138 1,122,838 821 <02 8, U 8,832 46,000 03,389 47,841 106,121 86,400 10,000 bunk. 0 1 8 000 00,675 50,703 09,961 68,606 64.800 15,060 J im r t t y b u tk . 28,800 1,000 8S0 12,000 11,901 381,117 1,881,318 858,211 1,882,252 «»«, k USA. 6,400 1,600 *1,072 , , v. . . 1.700 79,631 113,837 64,861 71,808 [ V o l . L X X IY . C H K G N IO L E 7,972 22 683 Total receipts at ports from Jan. 1 to Jan. 25 compare as *s probably due to the comparative indifference of buyers up to the present time, The tone of the market continues steady for heavy weights. The market for all the leading lines of light-weight fabrics for men’s wear is very firm, with a quiet demand coming forward. There has been no change in over coatings or cloakings. Dress goods continue dull, with little shown for fall season except in low-grade staple goods. dom estic C o t t o n G ood s , —The exports o f cotton goods from this port for the week ending Jan. 27 were 1,997 packages, valued at f 110,481, their destination being to the points specified in the tables b elow : Saw Yobk to 1902, Jan. 27. 6,804 1*724 1,750 i;oo7 2,213 i 30 2,354 17 255 55 2,625 ’ 65 246 3,995 781 206 414 70 382 462 154 278 2,283 173 1,217 6,069 722 Wkeat. Oom, H oa r, Mmportt fr tm — buth. busk. 7,886 82,119 Mew York..... 877,489 68,961 20.289 B o s t o n ............. 861,627 8,388 P o rtla n d , M e. 70.621 34.372 Philadelphia.. 104,000 24,118 Baltimore..... 16,988 24,152 H i « 0 rlea n •.. 46,820 Newo'rt New# ...88,000 80,208 20,046 8 t . J o h n .N .B . 113,337 b b lt . R ye. b a th . 18,301 1,997 19,010 4,130 13,727 1890. 2.061,007 1800. 1,478,411 bush P etti, bush. 4,112 Barit* b u th T o t a l........................ Week. Since Jan, 83 82 200 688 58 23 880 83 Great Britain............... . . . . ,. ..b b i s , F l o o r , . . , ....... .. other European. 18,700,700 Uhiua.... ____________ ... .. 5,887,880 8,091,000 W h e a t................ ... ...b a s h , 0,621,307 In d ia ......._____ ....____ ... 1,390,048 14,202.833 18,947,841 13,341,896 C o r n ..... .................. Arabia..... ............ ...... 6,170.923 4,070,284 3,302,018 0,042,068 O a t s .......................... *• 287,877 067.802 1,280.203 031,004 A frica................. B a r le y ..................... “ 63,280 1,004,012 171,093 182,421 R y e ........................... ., Weat Indies..... . . . . . . . . . . . . . M exico.....___ .............. “ 11,074,188 82,818,101 25,174,646 34,080.300 T o ta l g r a i n .... . . Central America,............. The exports from the several seaboard ports for the week South A m e rica .............. Other Oountrle*...„.......... ending Jan, 25, 1902, are shown in the annexed statement: 1901. 1,648,779 1908. 1,061,461 S e c tip it o f - - 1901. Week. Since Jan. X. 158 202 81 1 8,462 The value o f the New York exports since Jan. 1 to date bag been |888,844 in 1902, against $608,045 in 1901. 19,976 If sellers of heavy-weight brown sheetings and drills were easier to deal with, a fair amount of business could be done on export account; but as it is, only limited transactions are T o t a l w e e k .. 1.190,802 103,044 ....... .. 87,062 8.40a reported. The home trade has purchased indifferently, neither 38,278 S a m e t im e ’ 01. 1.898,399 8,166,111 689.741 18,167 08.748 17,418 The destination of these exports for the week and sinei jobbers nor converters operating with any degree of freedom. Prices are steady. In coarse, colored cottons, supplies are July 1, 1901, is as below: generally scanty and the tone of the market firm with an oc -W h e a t - O o m ,-F lo u r .W eek S in c e J u ly W eek Sine* J u ly W eek S in c e J u ly J S & p o r ts f o r casional line of cheviots openly advanced J^c. per yard. J a n . 25 1, 1001. J a n . 26 1, 1901. w eek a n d s in c e J a n . 26 1, 1901. Sellers of denims are very independent, as they have no bu sh . busk. busk. bu sh, bbls. J u ly 1 to — bblt. 900,077 42,086,801 6,979,826 71,393 10,214,300 stocks on hand and are not anxious for forward business at United Kingdom 157 401 282,786 48,720,110 ............ 8,870.910 Qonttnent......... 41,336 1,724,420 The demand for various grades of 806,300 2,000 62,050 1,845 680,042 prevailing prices. 8 . a 0. America. 22,417 50 22,0 48 042 711 Weit Indie*..... 19,862 6 7 4 ,0 0 8 bleached cottons has been quiet, as neither the jobbing nor 94,(544 4,700 103,616 Br.N.Am. Colo’* ..... 200,404 188,515 3.278 179,241 manufacturing trades are baying much ahead of current re O t h e r c o u n t r ie s 973 quirements; prices, however, rule steady; wide sheetings are T o t a l..,.............. 242.119 9,228.439 1,160,802 91,601.671 103,044 20,080.420 T o t a l 190 1 -0 2..., 202,333 9,492,641 1,898,809 80,060,578 3,166,111 01,070,046 quiet, and only a moderate demand is reported for cotton The visible supply of grain, comprising the stocks ii flannels and blankets. Fancy prints are in quiet request at granary at the principal points of accumulation at lake and steady prices, while there is a fair demand for staple prints, which are firm in tone. High-grade printed fabrics are in seaboard ports, Jan. 25,1902, was as follows: Oats, Rye, Bartt* quiet reorder demand. Ginghams continue In a strong posi When, bns> busk, busk. 177,000 In *tor t at— bush, , 804.000 bush tion, being still well sold ahead. There has been no change 757.000 70.000 K«w York............. 4,400,000 in the price of print cloths. Regulars, 3c, The demand has 12,000 Do afloat... ... ........ 87,000 511.000 Boston.................. 1,960,000 been fair, but sellers are reserved. 108.000 42.000 Philadelphia.......... 080.000 197.000 154,000 04.000 Baltimore............ 048,000 F oreign D r y G oods.—Business in dress goods for fall is 69.000 New Orleans..........397,000 expanding, and there is a fair duplicating business doing in Galveston .......... 478,000 165,000 18,000 22,000 61,00 Montreal.............. 36,000 fabrics for quick delivery. Silks are quiet but firm. 14,000 so,060 985,000 46.00C thin Toronto............... 30,000 679,000 530,009 Linens in better request at full prices. Burlaps are steadier Snflalo....... 5,266,000 84,000 sio.bbb 248,000 Do afloat.. .... 588,000 1,071,000 but in light request. I m p o r t a tio n s a n d W a r e h o u s e W it h d r a w a l* o l D ry Ctood* s S -sggfli l u i ll ll ppfSs 8 • ^• i§r t; i Bs « 2 ,1 0 1 ,0 0 4 0* HH00 QD£*0tKBC> Q0 CO'tSfc'koi CDCOO3O0*-i 00 THE DRY- GOODS TRADE. O <<303 J* { O 03 <3> <£><S <9 I 05H k j kco CD I 0*03 03 G0CH 00 J H i IOC© 03 * QOs^ OW MrfnfcO KlQOtOOtO fc3O<0e5«D e> €4,741 131,513 63,081 71,79§ 58,064 M tow rf^OD 'coV tooCD w 050 fcOM OH(Bp- OtDoaocootfx 0 to 05K ) « £> C Oif*. & <gco MCDOGRitD IK) ^ to^oo ^ HDO< C5 CM C •1 p- -i 01 tfk.toO b h-1 <1 <100 CO <3 CD toCO<800<1V00 05 K^O <3“-JCO00 to to03'-‘OSH to <53 03 tfAto 05000 jfk.GO00<| OB 03 <1ca> >Q OOH Hw <1 P COk-»ot M 0 CD» aots- <5 Cf>OlQDOO»C cc SiH b00 IB wMVQCQD 0O O O CQMO\ 05 QOH COM to“4 OOl H fcsote© to o<i 00 <Jh* O<S<Ji^C0 M M <D» COCO CD^ OX cb ^OCMO -4 rih.M Mpa<DCS><S CtoO <^ ie-©©00 1so—1 <^ 0JO0 C<0feicd ifM<r-JiC^D00-a 59,359 150,987 68,481 51,122 63,545 393,494 11,551 5,627 1,244,942 I 5,627 7,160 N ew Y o rk , F r id a y , P, M., Jan. 31, 1902. While business during the past month has gradually devel oped, the progress made has hardly come up to the expecta tions of sellers. Except in directions where new fall lines have been put upon the market, chiefly in the woolen goods division, buyers have largely confined their attention to meeting current needs and the business done in fall goods has shown them disinclined to purchase freely. In cotton goods the difficulty of securing near deliveries on new orders H in most descriptions and the continued firmness of sellers in refusing to make concessions have had a restrictive influence, <! <£> which the very free movement of the cotton crop has made CO M more readily operative. The fact that there has not been 05 any apparent accumulation of stocks during the month shows 00 how well sold the market was at the beginning of the year h-* and that current business has been sufficient to take care of D CD3 current unsold production. The latter is nominally fully up s-» to normal, but actually the difficulty of securing competent 05 help causes curtailment in a number of localities both North M b00 and South. W oolen G oods.— T here has been a fa ir am ount o f business d oin g in w oolen and w orsted fabrics in heavy-w eights fo r n ext fall, but the dem and has not been up to expectations of the general run o f such sellers as have pu t n ew lines upon the m arket, The fa ct that there are im portan t con tribu tion s to the n ew season’ s display being held back lon ger than usual, ? a a a s jg, i s i ? sT s b e a a 8 p M 0 <1 to M M <s © to CD 05 M M OOWMtOM MCnCritOO 0*03000503 C&H<3505O 1 190,000 29,(XX) 160*038 4,597,000 552,000 1,053,000 77.000 85,6*00 881,000 48.000 250,000 170,000 453,000 268,001 185,000 227.000 68,000 106,000 1,518,000 82,001 138.000 108,000 907.000 144,066 363.000 180.000 205,000 58,000 32,606 2,000 8,000 112,000 37,000 50,000 2.441.000 11,682.000 4.188.000 4.812.000 8.421.000 11.762.000 10,154,000 1.814.000 14.137.000 1,760,001 1,108 000 1,089,00< 14.628.000 6.832.000 1.441.000 87.189.000 7.025.000 808,873 666,140 712,657 286,571 202,970 Toledo .. ...... 133,000 Do ...afloat................. Detroit......... ....... 494,000 Do afloat...................... Chicago......... 6,796,000 Do afloat...... 417,000 Milwaukee........ . eis.oov Do afloat................... Ft. WUI’m* Pt,Arthur 4,188,000 Duluth...... ........ 9,904, Do afloat...... 511,000 Minneapolis.......... I2,003,000 7 ,48 i,uui* it XiOUl*.............. Do City...... afloat.................... Sanaa* . 1,008,000 Peoria..,............ 663,ooo Indianapolis......... 260,000 On Mississippi RI t e?.............. On Lakes............. .... On canal and river... ...46,000 Total Jan. 25,1902.. Total Jan. 18.1902., 69,371,000 69.273.000 Total Jan. 26,1001., 60,791.000 Total Jan. 27, 1900.. Total Jan. 28,1899.. 55,590,000 28,588,060 83,540 5s Cl tOH M P^QOtOpX tooo®><ito Ol03fcOX05 05<SH<35<S H CO00H o\ ©0500’*^^ OO 0 m 00 co • a CO to 00 «03® SP»-© <! H H 00 O3CD<ICbt0 ?8 o ~*Q0 to^ 03 cooo co J^ocooto 2<D§§ CO M VkkWco 0) CD00COCO ^ CDCD<£>C3 <im <d ^ h &<33<5Oi M^ Id 4^03be* p v X 'p M<S <J<M1 covv o o COo I’ H E F e b r u a r y 1, 1902. j C ity B C H R O N IC L E efaw m ent. 281 Al bany, N. Y. — Description o f Bonds.—The $90,000 re funding water bonds which we stated last week had been authorized will carry interest, payable semi-annually. Principal will mature $4,500 yearly on Feb. 1 from 1903 to 1922, inclusive. Alma, W Is —Bond E lection .— An election will be held February 4 to vote on the question o f issuing $8,000 bonds “ for the purpose o f purchasing, or building for the use of the city, a building to be used aB and for a county train ing school.” Ann A rb or, (M ic h .) S ch ool D istr ic t.—Bonds Voted.—This district on Jan. 20 authorized the issuance o f $25,000 4% school-house bonds by a vote o f 129 to 24. These bonds, we are advised, w ill probably not be sold before A pril 1. A sheville, N. C.— Bond Offering.— Proposals will be re ceived until 12 m ., March 1, by the Mayor and the Board o f Aldermen for $200,000 4% water bonds T be entire issue will mature in 20 years or in 30 years or in 40 years, as may be determined after the opening o f the bids, and proposals are accordingly asked for the entire issue fo r each o f the three periods mentioned. A lso for $10,000 4% 30 year school-build ing bonds. A ll the above bonds w ill be dated A pril 1, 1902, and the interest w ill be payable January 1 and July 1 at the place designated by the purchaser. A certified check fo r $1,000 must accom pany bids fo r the water bonds and one for $200 the bids for school bonds, all checks to be made payable to the City Treasurer. R aker City, Ore.— 2?07id Offering.— Proposals w ill he re ceived until 4 P. M., March 3, by W . H. Bentley, City A u d itor and Clerk, fo r $45,200 5% 20 year water bonds. Securi ties w ill be issued in denominations o f not less than $100 and w ill be dated A pril 2, 1902. Interest w ill be payable semi-annually at the office o f the City Treasurer. A ll bids must be unconditional and must be accompanied by a certi fied check for $2,500, payable to the City A uditor and Clerk, B a rb erton , Ohio.—P on d Safe.— On January 27 the three issues o f 5% sewer assessment bonds, aggregating $4,039, were awarded to P. S. Briggs & Co,, Cincinnati, at 101‘36. Following are the bids : N ew s Ite m s. Galveston, T exas.—Bondholders' P roposition.—The Board o f Commissioners o f the city o f Galveston has received a letter from the Bondholders’ Committee declining the propo sition made by the city looking to a permanent redaction o f the interest on its bonded indebtedness. In their turn the Bondholders’ Committee submit a proposition that the city for a period of five years shall pay interest at the rate o f 8$, “ the amount of interest not thus paid in cash to be extended fo r three years and the interest so extended to bear interest at the rate o f 3% per annum.” New Jersey.—Tax D ecisio n —On January 27 the Court o f Errors and Appeals, by a m ajority opinion (7 to 3), re versed the decision of the State Supreme Court in the case o f the city o f Newark against the State Board o f Taxation and the North Jersey Street Railw ay. As stated in the C h r o n i c l e June 15, 1901, the Supreme C ourt decided on June 10, 1901, that the city could com pel corporations to pay taxes, as on real estate, upon such parts o f public highways and streets as may be used by them in stringing wires or laying rails or pipes. This decision has now been reversed. No written opinion was prepared by the Court of Errors and Appeals, but a memorandum was read b y Chief Justice Gummere as follow s : That there la an Inherent value in the property of the North Jer sey Street Railway Company, over and above tie coat of reproducing its raila, atrlngera, poles, wirea, power houses, etc., needs no demon stration. That value, however, springs not out of any ownership by the company of any interest in the soil of the highways over which its road passed, but out of its ownership of the franchise to maintain and operate its road over those highways, and to collect tolls from all persons traveling upon it. This franchise is property and taxable as such, but under present legislation the right to tax it has been re served by the State to itself, through its State Board of Assessors, and not relegated to the several municipalities through which the com pany’s road passes. The Newark “ N ew s” states that the only other city besides New ark w hich has attempted to levy an assessment against P. S. Briggs A Co.. C incinnati $4,094 00 I C olum bus Sav. & T ru st C o ... $4,059 48 Prior A Co., C le v e ... 4,093 50 1 R. K le y b o lte A Co., C in c ln ... . 4,050 00 the traction companies is Trenton. Every city in the State, NDenison, ew 1st Nat. B ans,C olum bus. 4,069 25 W . J. H a yes A S o n s ,C le v e .... 4,046 C9 Seasongood A M ayer, C in cln .. 4,063 51 | how ever, the “ New s” adds, is affected by the Court of Ap peals’ decision, because if the action o f the Newark Tax For description o f bonds see C hronicle Jan, 25, p. 222. Board had been upheld every m unicipality w ould have been B ayonne (N. J .) S ch ool D is tr ic t.—Bonds A uthorized.— entitled to assess the easement rights of street railw ay co r The Board o f Education has authorized the issuance o f $14,porations. 500 high-school-building bonds. Beeton, Ont.—Debenture Offering.—Proposals w ill be re ceived until February 8, by Joseph W iig h t, Clerk, for $7,0CQ B o n d C alls and R ed em p tion s. 4% debentures, m aturing part yearly fo r tw enty years. These Chester, P a .—B ond Call.—J. Craig Jr., City Treasurer, debentures are guaranteed by the “ Corporation o f the county called fo r paym ent January 22 the fo llo w in g im provem ent o f Simcoe.” bonds: B ellefon ta in e, O h io.—B ond Sale.— On Jan. 28 $3,100 6# E d gem on t A v e . im p rovem en t bond N o. 24 fo r $500, issued Jan. 16,1899. 1-10-year (serial) Mad R iv er street-extension bonds were E igh teen th St. im p rovem en t bond N o. 1 fo r $500, issued N ov. 25,1901. T w e n ty -F ou rth cst. im p rovem en t b on d N o. 1 fo r $500, issued D ec. 7,1901. awarded to the Com m ercial & Savings Bank Co. of BelleJackson County, 111.—Bond Call.— Frank Chew , County fontaine at 106‘645. Securities are in denomination o f $310. Treasurer, has called for payment February 1 at his office in fila e fle ld , M ercer County, W . Ya.— Bond Offering.— P ro M urphysboro the follow in g bonds : In denomination o f $ 100, posals will be received until 12 M ., February 28, by A . H. Nos. 5, 7, 14 to 16, 18 to 28; 25 to 27, 31 to 47, 61, 64, 67 to 71, Land, M ayor, fo r $35,000 5% 30-year bonds. Securities are 82, 83, 88, 97 to 99, all numbers inclusive; also, in denomina in denomination o f $1,000, and the interest w ill he payable tion o f $500, Nos. 12, 13,*16, 29 to 32, 38, 40,44 to 47, all num annually. bers inclusive. B oston, Mass.—Bond Sale.—The sinking fund o f th is city M obile, A la .—B ond Call.—Chas. D, W illou gh by, Cashier has purchased at par the follow in g 3% bonds, aggregating o f the First National Bank o f M obile, gives notice that bonds $880,000 : $250,000 for East Boston Tunnel, $220,000 tor high Nos. 3529, 3552, 3601, 3626, 8674, 8680, 3849, 3866, 3936 and ways, $140,000 for schools, $60,000 for insane hospital, $50,4903, issue of 1881, have been drawn for redemption. These 000 for Sheriff, ja il, etc., $50,000 fo r Strandway and $110,000 bonds w ill be paid in fu ll, with one m onth’s interest, on and fo r vaiious other purposes. B oyertow n (B o r o u g h ), P a.—B ond O fferin g — Proposals after Feb. 1, 1902, at the First National Bank o f Mobile. Mountain Grove County School District No. 1, Wright, w ill be received until 4 p . m. to-day (February 1) by W illiam Mo.—Bond C all.—~W. S. Candler, Clerk o f the district, H. Fox, Tow n Clerk, fo r $35,000 bonds in denomination o f gives notice that interest has ceased on bonds Nos. 1 to 9, $200. A certified check fo r 5% must accom pany proposals. Cam bridge, W is.—Bond Sale.— The $7,500 4% water bonds inclusive, issue of 1886. Payment w ill be made on presenta described in the C hronicle N ovem ber 16 have been sold to tion at the Merchants’-Laclede Bank o f St. Louis. P erth Am boy, N. J.—Bonds Purchased.— This city has pur the State o f W isconsin at 102666. Canton, M o.—Bonds Voted.— This place recently voted to chased for cancellation $25,000 4$ tax-arrearage bonds, m a turing in 1909. The bonds were bought from Jno. D. Everitt issue $10,000 water and $10,000 electric-light bonds. The & Co. o f New Y ork at 101%. vote on the water question was 371 for to 84 against, and on R eadin g, P a.—Bond Call.—J. Y . Hoffman, City Treas the electric-light question 466 for and 59 against. Chelsea, Mass.—Bond Offering.—Proposals w ill he re urer, calls for payment February 1, at his office, forty bonds ceived until 4 p. m ., February 11, by Thomas B. F rost, City o f $1,000 each, issue of Feb. 1, 1897. St. Charles, Mo.—Bond Call.—Henry F. Hafer, City Treas Treasurer, for $178,000 4% public-im provem ent bonds. Se urer, gives notice that interest has ceased on electric-light curities are issued under the authority o f Chapter 202, Law s bonds Nos. 22 to 26, inclusive, which were called for pay o f 1900. They are in denomination o f $1,000, dated Nov. 1, ment Dec. 2, 1901, but have never been presented. Call is 1901. Interest w ill be payable A p ril 1 and O ctober 1 at the also made for electric-light bonds Nos. 27 to 30, inclusive, office o f the City Treasurer. Principal w ill mature Oct. 1, interest to cease on Feb. 1, 1902. Payment in both cases w ill 1925. Cheyenne, W y o.—Bond E lection.—A n election w ill be be madeJ.b y the City Treasurer at the_ St. Charles Savings Bank. heid February 4 to vote on the question wo f issuing $85,000 water and $15,000 sewer bonds. Chicago Sanitary D istrict.—Bond Sale.—The high B o n d P r o p o s a l s a n d N e g o t i a t i o n s this est bid received January 30 fo r the $2,000,000 4% 120 year week have been as follows : (serial) bondB was that o f Mason, Lew is & Co., Chicago, at A lam eda,'C al.—Pond Offering.—Proposals w ill be received l02‘26—an interest basis o f about 8’738£. F ollow in g are the until 8:30 p . m ., February 17, b y the Board o f Trustees, for the bids : ason, Lewis A Co., Chic.......*8,045,300 I J. B. Russell & C o............. ........12,008,460 $100,000 4% gold school bonds voted at the election held Dec. 7, M Parson, L each A Co., C h ic... 2,023,400 |New First Nat. B ank (less 1901. Eighty bonds are in denomination o f $1,000 and forty M acD onald. M cCoy A Co. and I co m m issio n )................... 2,000,000 Otis W ilson A Co., C hicago. 2,013,860 | of $500 each. Interest w ill be payable semi-annually on the first Monday in June and Decem ber at the office o f the City The bonds were awarded to Mason, Lewis & Co. o f Chi Treasurer. Principal will mature $2,500 yearly on the first cago, w bo are offering one-half o f the issue fo r sale in our Monday in December from 1903 to 1942, inclusive. A certified advertising oolum ns elsewhere. check for $10,100, ja y a b le to Joseph F, Forderer, President Securities are in denomination o f $1,000, dated Jan. 1,1902. o f tbe Board of Trustees, must accompany proposals. Interest will be payable semi-annually at the office of the (111.) 282 T H E District Treasurer, Principal will mature $100,000 yearly on January 1 from 1908 to 1922, inclusive. Cleveland, Ohio.—Rond Offerings.—Proposals will be re ceived until 12 ., March 8, 1902, by J. P. Madigau, City Auditor, for $400,000 4% coupon water-works bonds, dated April 1, 1902, and maturing April 1, 1922, and $35,000 4% city farm tchool coupon bends, dated Oct. 1, 1901, and ma turing Oct. 1, 1911. Securities are in denomination of $1,000, Interest (semi annually) and principal will both be payable at the American Exchange National Bank, New York. Proposals will also be received until 12 M , March 10,1902, by J. P. Madigan, City Auditor, for $700,000 4$ coupon cityhall bonds. Securities are in denomination of $1,000, dated Oct. 1,1901. Interest (semi-annually) and principal will both be payable at the American Exchange National Bank, New York, and the principal will mature Oct. 1, 1921. A certified check for 5# of amount bid for, payable to the “ Treasurer of the City of Cleveland,” must accompany bids for each of the above issues. Blank forms obtained from the City Auditor must be used by all bidders. Columbia City, lnd .—Bond Sale — On January 13 the $30,000 5$ street-improvement bonds mentioned in the Chboniclk January 4 were sold at par. Columbus drove, Ohio.—Bids Rejected,—No bids of par or better were received on January 28 for the $30,000 20-year water bonds, and all proposals therefore were re jected. The Council has passed an ordinance raising the inest rate to 4%. The law requires ten days before the ordi nance can take effect, and another thirty days to advertise the sale of the bonds, which will prevent their being re offered until about March 17, 1902. Cuyahoga Co, (P. 0 . Cleveland), 0 ,—Bond S a le— On Jan. 29 the $1,000,000 4% court honse bonds, described in the Chronicle Jan, 11, were awarded to the New First National Bank of Columbus, at 10520—an interest basis of about 8*412#. Following are the bids : m New 1st Nat. B ’ k, C olu m bus__ 106 20 L auicrecht Bros. Co., C le v e ,..,.10603 Dem aon, P rior & Co., C leve., S e a s o n g o o d * Maver. Cinem . } iu* W. J. H ayes & Sons. Cleve. . ...104*80 P. S. Briggs & Co., C incinnati... 10i'25 (V o l , LXXXV. C H R O N IC L E . On. Sav. B ’k * Tr. Co.. ? nym n fc’eder, H olzm an & Co.. $ Olneia.103 80 N. W .H a r r is * Co., Chicago.......103*41 R. K leybolte * Co., C incinnati.. 103-27 Columbus Savings * Trust Co. ,102 78 Danbury, Conn.—Bond O fferin g— Proposals will be re ceived until 3 p . M,, February 20, by the Town Selectmen, for $225,000 funding bonds and $50,000 high school bonds. Securities are in denomination of $1,000, dated Mar. 1, 1902. Interest will be payable semi-annually at the Im porters’ & Traders’ National Bank, New York City. Prin cipal will mature Mar. 1, 1932. A certified check for 2% of the par value of the bonds bid for, payable to the town of Dan bury, must accompany proposals. These bonds have been approved as to their legality by Messrs. Dillon & Hubbard, New York City, and will be certified to as to genuineness by the United States Mortgage & Trust Co. of New York. Bid ders must use printed form of proposal furnished by the Town Selectmen. The official notice o f this bond offering will be found among the advertisements elsewhere in this Department. Bond Sale,— Dartmouth, Mass.— An issue of $30,000 1-12 vear (serial) bridge bonds has been awarded to Parkin son & Burr, Boston, at 101 *38. Following are the bids : Sept. 17, 1901, by a vote of 115 for to 56 against. Interest will be payable semi annually at the Seaboard National Bank, New York City, or at the office of the State Treas urer in Austin. The present bonded debt of the city is $10,004 issued for school purposes. The assessed valuation is $845,000 aud the real value about $1,800,000. Franklin County (P. 0. Columbus), Ohio. -B o n d Offer ing, - Proposals will be received until 12 m,, Feb. 19, at the office of the County Auditor, for $18,500 5# Columbus and Johhstown free turnpike bonds, Securities are issued under the authority of Section 4808, Revised Statutes of Ohio. They are ia denomination of $500, dated March 1, 1902. In terest will be payable semi-annually at the office of the County Treasurer. Principal will mature as follows: $500 on March 1, 1903; $1,000 each six months from Sept. 1, 1903, to March 1, 1907, inclusive; $1,500 on Sept. 1, 1907; $1,000 on Maroh 1, 1908, and $1,500 each six months from Sept. 1,1908, to Sept. 1, 1910, inclusive. Franklin Township, Wayne County, lnd.—Subsidy E lect i n . —An election will be held in this township to vote on the proposition to give a $13,000 subsidy to the Richmond Union City & Portland Interurban Railway. Neneseo, III.—Bond Sale,—W e are advised that this city has sold an issue of $30,000 4% water-works bonds to local in vestors at oar, Cloucester City, N. J.—Bonds Authorized.—This city, it is stated, has decided to issue $18,000 sewer-extension and $30,000 street-improvement 4% 20-year bonds. Hamilton County, Ohio.—Bonds Proposed.—A bill provid ing for the issuance of $150,000 pike bonds is before the State Legislature. Hammonton, N. J.—Ronds Voted — A special eleotionheld January 29 resulted in favor of issuing $30,000 water-works bonds. Harrison County (P. O. Corydon), lnd.—Bonds Author ized.—The issuance of $12,000 4% Washington Township gravel-road bonds has been authorized. Securities wilt be in denomination of $500 and will mature one bond each six months, beginning May 1, 1903. The date for the sale of these bonds has not yet been determined. James H. Wat son is County Auditor. Isaquena County (P. 0. Mayersville), Miss —Bond Offer in g — Proposals will be received until 12 M., February 3, for $12,000 5# 5 25 year (optional) bonds. Interest will be pay able annually. Jefferson County (P. O. Madison), lnd.—Bond Offering.— Proposals will be received until 1 p. m., February 16, by Gam. 8. Taylor, County Auditor, for $90,525 4% toll-road bonds. Eighty-eight bonds are in denomination of $1,000, one for $1,500 and one for $1,025, all dated Feb. 15, 1902. Interest will be payable semi-annually at the office of the County Treasurer. Principal will mature as follows: $1,025 ... ....A u g . 1,600.... ....F e b . 1,000.... 2,000.... ....F e b . 1,000.... 2.000.... ....F e b . 1,000.... 2,i 00___ ....F e b . 1,000.... 2,i 0 0.... ....F e b . 1,000. .. 2,000.... ....F e b . 2 ,0 0 0 ... ....A u g . 15, 1903 $2,000.... ....F e b . 2.000.... ...A u g . 16,1904 2,000.... 15, 1905 2,000.... ....A u g . 2,000.... 15, 1906 2,000.... ...A u g . 3,000.... ....F e b . 2.000..,. ...A u t . 16,1907 3,000.... ....F e b . 16, 1908 2.) 00.... ....A u g . 3,000..., ....F e b . 16, 1909 2,000.... ....A u g . 15,1909 3,000..,. ....F e b . 15, 1910 $ 2.01*0 . ........Auer. is . 1916 ..................... Feb. 15.181 15, 1910 3.000 3.0U0........... A uk. 15,1917 ..................... Feb. 16,191 16, 1911 3.000 3.D00........... A ug. 16,1918 15, 1912 3.0C0......... Feb. 15, 1919 ..................... A ug. 16,1919 16, 1913 3.000 ..................... Feb. 15,1920 16,1913 4.000 3.000........... Aug. 15,1920 15,1914 ..................... Feb. 15.1931 16, 1914 4.000 ..................... A ug. 16,192 35, 1915 3.000 16, 1916 7 ,0 0 0 ........Feb. 15,1922 15.1910 A certified check for 3# of par value of bonds to be sold, payable to the Board of County Commissioners, must ac company proposals. Each bidder will be required to file an affidavit that he has not entered into any collusion or agree P arkinson * B u r r . B o s t o n ......1 0 1 ‘S3 I B urnett,C um m ings & C O ........10 P 0 9 New B edford Savings Bank...... 10P30 A dam s & Co., B oston - ............ 101*04 ment with any person or persons in reference to such bid Kstabrook * Co., B oston ........ ..101*17 ! M . T . Skinner & Co........................lot "317 ding. R. L. Day * Co.. B oston — .. .101*159 I New B ed ford Inst, fo r Savings.lOO'OO Jose, P a rk er * Co., B o sto n ....... 101*1411 Kaufm an, Texas.— Bonds R gistered.—The State Comp o .—Description o f Bonds.—-W e troller has registered an issue of $20,000 water bonds and hronicle $9,000 refunding school bonds. Lom poc, Cal.—Bond Offering.—Proposals will be received until February 10 for the $40,000 4Viff 1-40-year (serial) water bonds voted at the election held Dec. 4, 1901. Londonville, Ohio.—Bond Offering.—Proposals will be received until 12 m , February 15, by Chas. I. Goard, Mayor, and John E. Clerk, for $25,000 5# water woiks bonds. Bond Sale,—This Securities are in denominations of $500 and $750, dated Feb. 15, 1902. Interest will be payable semi annually at the Farmers’ Bank of Londonville. Principal will mature one (P , 0 . P oughkeepsie), N. Y.—Bond bond each six months as follows ; $500 from Feb. 15, 1907, to Aug. 15, 1916, inclusive, and $750 from Feb. 15, 1917, to Sale %%% Aug. 15, 1926, inclusive. In sections 2835, 2836 and 2837, Revised Statutes of Ohio, will be found the authority for the D ick Bros. & Co. (w hole am ’t)..1 0 3 ‘525 W .J . [H ayes & ( fo r $175.000......102-56 issuance of these bonds. Each bidder must satisfy himself P o ’ beepsie Tr. C o.(w hole am ’t).103‘378 Sons.( f o r 66 000... .,101-70 I. W .S h errill (w h ole am ou nt). 103*35 A llen. Sand all or n o n e ......100-51 before bidding as to the legality of the bonds, and must so P o ’k eepsieS av.B ’k (f or *176,(.00)103*20 Co...................... ( f o r $175,000. 102*41 state in bid. A certificate of deposit on the Londonville Harrim an A ( for $175,000....J08T1 Farson, Leach & Co. (fo r w hole C o . . . . ............( f o r 65,000.....102*21 a m ou n t)............................ ............ 102-88 Banking Co. for 5# of the face value of the bonds bid for 176,000...... 103'08 Edm und Sey- ( fo r $175,000___.102"37 must accompany proposals. 66.000. 103*81 m our & C o.,.. ( fo r 65,000. 101*65 ritt & Co.......( fo r Marshall, Mich.—Bond Offering.—Proposals will be re 175,04 0 ... .103-06 Lam precht B ros. Co. (fo r w hole M .A . S te in .... 65.000. .. .102-69 a m o u n t) ...................................... 101*11 ceived until 7 p, m . March 8 $16,0C0 4# 10 20-year (optional) hronicle electric-light and water-works-improvement bonds. Securi ties are in denomination of $1,000 and the interest will be Bonds Voted. payable semi-annually. M idland, M ich.—Bond Sale.—It is said that the $19,507 81 4# 1-5-year (serialj paving and sewer bonds offered but lo t Mass.—Loan Authorized.— sold on January 6 have been awarded to the Midland County Savings Bank at par. For description of bonds see Chron Bond Offering.— i c l e Dec. 14, p. 1276. M ilwaukee, W is.— Bond S a le.-O n January 80 the five m issues o f 8-10 1-20 vear (serial) bonds, aggregating $810,(XH>, 4% were awarded to N, W . Harris St, Co., Chicago, at 101 635 — Dayton, Ohi stated in the C January 18 that the sinking fund would pur chase the $9,000 sewer bonds recently authorized. These bonds are dated March 1, 1902. Interest, at the rate of 6#, will be payable semi-annually, and the principal will mature $1,000 yearly on March 1 from 1904 to 1912, inclusive. The sinking fund takes these bonds at par. Dead wood, S. Dak.— city has sold at par to the State Permanent School Fund an issue of $5,000 5# 10-20-year (optional) water-extension bonds bearing date Nov. 1,1901. Dutchess County .—The following bids were received Jan. 29 for the $175,000 court-house and jail bonds and $65,000 county-house bonds: Bird, Blodget. Mer (for For description of bonds see C Jan. 11, p, 111. Essex, Iowa.— —This place has authorized the if suance of $5,000 water bonds by a vote of 151 for to 50 against. Pall River, The Aldermen have authorized loans aggregating $650,000 in anticipation of revenues. Farmersvllle, Collin County, Texas.— Proposals will be received until 12 ,, February 4, for $12,000 30-40-year (optional) water-works bonds bearing date Nov. 1, 1901. Securities were authorized at an election held for THE CHRONLCLE, F e b r u a r y 1, 1902.] a n in te r e s t b o n d s see C b a sis o f h r o n i c l e a b o u t 3 316#. J a m 18, p. 107. F o r fu ll d e s cr ip tio n o f M inneapolis, Minn.— b i r t h i n g F u n d O f f e r o f B o n d s . — P r o p o s a l s w i l l b e r e c e i v e d u n t i l 2 1\ M , M a r c h 12, b y th e B o a r d o f S in k in g F u n d C o m m is s io n e rs , c a r e o f J o s h u a R o g e r s , C ity C o m p t r o l l e r , f o r t h e f o l l o w i n g b o n d s h e l d b y t h e s in k in g fu n d : $75 0 0 0 r e g i s t e r e d e e r l l t i o a t o N o . 8 0 . f o r 7 5 c i t y o f M i n n e a p o l i s -if c i t y h o s p i t a l b o n d s N os. 6850 t o 5P80, In clu siv e . D e n o m i n a t i o n , $ 1 ,0 0 0 ; (In to, J u l y 1 , 189.1; m a t u r i t y , J u l y 1, 1 0 8 8 . 5 0 . 0 0 0 r e g i s t e r e d c e r t i f i c a t e N o . i>2, f o r 5 0 M i n n e a p o l i s i f s c h o o l b o n d s N o s . 5 0 0 0 t o 5 0 7 5 , i n c l u s i v e , a n d N o s . 5 0 8 0 t o r t o 'J o , I n c l u s i v e . D e n o m i n a t i o n . $ 1 ,0 0 0 ; d a l e , J u l y 1, l 8 9 r ; m a t u r i t y , J u l y 1, n -2 5 . 8 0 . 0 0 0 r e g i s t e r e d c e r t i f i c a t e N o . 7 5 , f o r 80 M i n n e a p o l i s •»% s c h o o l b o n d s N o s . 0 2 8 1 t o (}2n0. i n c l u s i v e . D e n o m i n a t i o n , $ l , 0 t 0 ; d a l o , J a n . 1, 1 8 0 7 ; m a t u r it y , J a m 1, 1027. 6 6 .0 0 0 r e g i s t e r e d c e r t if ic a t e N o . 106. f o r 8 0 M i n n e a p o l i s W f s c h o o l b o n d s N o s . o s o u t o 0 1 4 5 . i n c l u s i v e . D e n o m i n a t i o n , $ l , 0 0 i ; d a t e , J a m 1, 1800, m a t u r i t y , J a n . 1. 1 920. 8 ,0 0 0 r e g i s t e r e d <e r t lflc a t e N o . 130. f o r 8 M i n n e a p o l i s 8 H * s c h o o l b o n d s N o s . 6<60 to 6*55, in clu siv e, a n d N os. 0476 a n d 0470. D e n o m in a t io n , $ l,t0 c. d a le , J a m 1, 1899; m a t u r it y , J a m 1 ,1 9 2 9 . A ll th e a b o v e b o n d s w e r e issu e d u n d e r th e a u th o r ity o f C h a p 'e r 2 0 4 , L a w s o f 1 89 3 . In te re s t w ill b e p a y a b le J a n . 1 a n d J u ly 1. A ce rtifie d c h e c k fo r 2# o f th e p a r v a lu e o f th e b o n d s b id fo r, p a y a b le to C , S . H n lb e r t, C ity T re a su re r, m u s t a c c o m p a n y p ro p o sa ls. M o n t c l a i r . N . J . — B o n d s P r o p o s e d .— I n a c c o r d a n c e w i t h th e a ctio n ta k e n r e c e n tly b y th e T o w n C o u n c il o f M o n tc la ir , a b ill h a s b e e n p r e p a r e d fo r s u b m is s io n t o t h e S ta te L e g is la tu re p e r m ittin g th e is s u a n ce o f $75 000 to w n -h a ll b on d s. M o n tg o m e r y , O w in g t h e $ 7 5 ,0 0 0 a g a in b y tim e b id s re c e iv e d u n til J a n u a r y 20 fo r $ 1 ,0 0 0 , d a t e d p a y a b le J a n u a r y tio n a l B a n k , N e w tio n a l a n d m u s t $ 1 ,0 0 0 , p a y a b le t o T h e y J a n . 1, 1902, a n d 1 a n d J u ly Y o r k b e a re th e in A ll b id s b y Blake Bros. & C o . . Boston........105'20 I R . L . D a y & C o.. B o s t o n . . . . . . . . . . . . . . 1 0 4 - 6 6 8 N. W. Harris A Co., Boston...... 104-93 ! C u r t i s & S e d e r q u i s t . . . . . . . . . . . . . . . . . . . . . . K ' 4 ' 6 2 1 B lo d g e t, M e r r itt & C o .. B o s t o n ..104 67 Vermllye & Co., Boston............104-93 be b e ce rtifie d C o u p o n s M errill, O ld h am & C o ....................104 837 c h e c k fo r a re r e c e iv T h e o ffic ia l n o t ic e o f th is b o n d o ffe r in g w ill b e f o u n d a m o n g th is D e p a r tm e n t. R sta b ro o k & C o., B o s t o n ------- 104'46 Adams & Co., Boston................ 104'81 E . H . R o ll in s & S o n s , B o s t o n . ..1 0 4 -2 7 7 Farson, Leaoh & Co., Boston.,.104'803 W . J . H a y e s & S o n s , C l e v e l a n d . 1 0 4 ' 2 7 6 Lee, Hlgginson & Co., Boston..104'7l8 n n co n d i a b le fo r ta x e s a n d lice n se s . th e a d v e r tis e m e n ts elsew h e re in M o u n t H e a l t h y , O h i o . — B o n d O ffe r W lg . — P r o p o s a l s w i l l h e r e c e i v e d u n t i l 1 2 M ., F e b r u a r y 2 4 , b y W . B . J o n e s , V i l l a g e C le r k , f o r $ 5 3 0 7 0 5 # 1 -1 0 y e a r (s e r ia l) M a p le S t r e e t s id e w a lk b o n d s. S e c u r it ie s a r e in d e n o m i n a t i o n o f $ 5 3 0 7 , d a t e d J a n . 3, 1902. In terest w ill be p a y a b le s e m i-a n n u a lly a t th e F o u r th N a tio n a l B a n k o f C in cin n a ti. M o u n t V e r n o n , N . V .— B o n d O ffe r in g . — T h e C o m m o n C o u n c il w ill o il e r a t ;p u b l i c s a le a t 8 p. M , F e b r u a r y 4 , $ 0 4 ,0 0 0 4 # r e d e m p tio n b o n d s , m a t u r in g F e b . 1, 1908. S e c u r it ie s a r e in d e n o m in a t io n o f $ 1 ,0 0 0 , d a t e d F e b . 1, 190 2 . In te re st w ill b e p a y a b le s e m i a n n u a lly a t th e o ffice o f th e C ity T r e a s u r e r . A c e r tifie d c h e c k f o r $ 1 ,0 0 0 , p a y a b le t o t h e C it y o f M o u n t V e r n o n , m u s t a c c o m p a n y p r o p o s a ls fo r e a c h o f t h e a b o v e is s u e s. N e w B e r n , N . C .— B o n d S a le . — T h i s c i t y h a s s o l d t o F . M . S t a f f o r d & C o ., C h a t t a n o o g a , a n is s u e o f $ 1 5 ,0 0 0 5 # 2 0 -y e a r e le ctric- lig h t b o n d s . N e w H a r t fo r d , O n e id a C o u n ty , N . Y .— B o n d S a le . — O n J a n . 2 8 t h e $ 2 0 ,0 0 0 5 -3 0 -y e a r (s e r ia l) s e w e r b o n d s w e r e a w a r d e d t o J o h n A . C a n t w e ll o f U t i c a , w h o , it is s ta te d , b id o n a 8 -4 0 # b o n d . F o r d e s c r i p t i o n o f i s s u e s e e C h r o n ic l e J a n . 2 5 , p. 225. N e w H a v e n , Conn.—T e m p o r a r y L o a n . — T h e C i t y C o m p t r o lle r h a s b e e n a u t h o r i z e d t o b o r r o w $ 9 0 0 ,0 0 0 in a n t ic i p a t io n o f t h e c o l le c t i o n o f t a x e s a n d h a s b o r r o w e d $ 5 0 ,0 0 0 o f t h is a m o u n t fr o m R o g e r s , N e w m a n & T o lm a n o f B o s to n a t 3 60# in te re st. N e w t o n , M a s s . — B o n d S a le . — O n J a n u a r y 2 7 t h e t w o i s s u e s o f 8^ 20 - y e a r s c h o o l b o n d s , a g g r e g a t i n g $ 2 11 ,0 0 0 a n d d a t e d J a n . 1, 1902, w e r e a w a r d e d to B la k e B ro s . & C o ., B o s to n , a t 1 0 5 ’2 0 — a n i n t e r e s t b a s i s o f a b o u t 3 ’ 1 4 8 # . F o llo w in g a re th e b id s : E x c h a n g e N a m u s t a C ity T re a s u re r. 12, 1902, d e n o m in a in te re st w ill 1 a t th e A m e r ic a n C ity . a c c o m p a n ie d th e P ro p o sa ls w ill 1 2 M ., F e b r u a r y S . W illia m s , C ity T re a su re r. o f O ffe r in g . — R e je c te d — B o n d 40 y e a r b o n d s w e r e r e je cte d . b e r e c e iv e d , th is R . tio n A l a . — B id s to iir e g u la r itie s , a ll th e 283 F o r d e s c r i p t i o n o f b o n d s s e e C h r o n ic l e J a N e w Y o r k C i t y . — B o n d O ffe r in g . — P r o p o c e i v e d u n t i l 2 p . m ., F e b . 1 8 , 1 9 0 2 , b y E d C i t y C o m p t r o l l e r , f o r $ 3 , 0 0 0 , 0 0 0 2>%% g o l d c o f o llo w s : n . 25, p . 2 sa ls w ill w a r d M . r p o ra te s t 25. b e r e ; G r o u t, o c k , as NEW LOANS. NEW LOANS. $ 3 5 ,0 0 0 3V2 per c e n t b o n d s . OF ^ S A N IT A R Y 1 , 0 0 0 , 0 D IS T R IC T 4# M U N IC IP A L D a te d J a n u a r y 1, 1 9 0 2 . 0 U n io n F r e e S c h o o l D is t. N o . 1 0 OF OF C H IC A G O . BONDS. D e n o m in a t io n $ 1 ,0 0 0 . I n t e r e s t p a y a b l e J a n u a r y 1 a n d J u l y 1; b o t h p r in c ip a l a n d in t e r e s t p a y a b le a t t h e office o f t h e T r e a s u r e r o f t h e S a n it a r y D is tr ic t a t C h ic a g o . M a t u r i n g in s e r ie s o f $ 60 ,0 0 0 a n n u a l ly , f r o m J a n u a r y 1 ,1 9 0 3 , t o J a n u a r y 1, 1922, in clu s iv e . P rice on application. MASON, LEWIS & CO., Bankers, m o n a d n o c k B u ild in g , C h ic a g o , 111. C H IC A G O . BOSTON . P H IL A D E L P H IA . MUNICIPAL MASON, LEWIS & CO. BANKERS, CH ICAG O , [•nndnock Haildlng, MUNICIPAL RAILROAD CORPORATION BOSTON, 0 0 Devonahlre St. BONDS. AND P u b lic S e rv ic e BONDS. E. H. ROLLINS & SONS Street Railway and Oag Companies. B O ST O N . Blodget, Merritt & Co., B A N D e n v e r. San F r a n e lic o . INVESTMENT BONDS. K E R S , 16 Congress Street, Boston. 19 W all Street, New York. STATE, CITY & RAILROAD BONDS. 8E N D FOR L IS T . OENISON, PRIOR & CO. CLEVELAN D. 000. P o p u l a t i o n (1 9 0 2 C e n s u s ) 2 ,6 7 3 . In q u irie s a n d p r o p o sa ls sh o u ld b e d ire cte d to G R A N T S . F L A G L E R , C le rk , W estfield , N e w Y ork . ^ 7 5 ,0 0 0 C o rp o ra tio n Choice D a n e.. GIST ON A P P L IC A T IO N . W estfield , N e w Y o rk . S e a le d b id s w ill b e r e c e iv e d b y t h e B o a r d o f E d u c a t io n o f U n io n F r e e S c h o o l D is tr ic t N o . 1, o f t h e T o w n o f W e stfie ld , C o u n ty o f C h a u ta u q u a a n d S ta te o f N e w Y o r k , u n til 3 o ’c lo c k P .M ., F e b . 1 0th , 1902, f o r t h e p u r c h a s e o f t h e w h o l e o r a n y p a r t o f $ 3 5 ,0 0 0 R e g is te r e d S c h o o l B o n d s o f sa id D is tr ic t ,d e n o m in a t i o n $ 1,00 0 e a c h , d a t e d J a n . 1 s t, 1902, a n d p a y a b le a s f o l l o w s : $ 1,00 0 o n J a n . 1 s t, 1910, a n d $ 2 ,0 0 0 o n J a n . 1st o f e a ch y e a r th e re a fte r u n til th e w h o le a m o u n t I s p a i d , w i t h i n t e r e s t a t t h e r a t e o f 2% p e r c e n t p e r a n n u m , p a y a b le s e m i-a n n u a lly (J a n u a ry a n d J u ly ). P rin cip a l a n d in te re st p a y a b le a t th e N a tio n a l B a n k o f W e s tfie ld , W e s tfie ld , N . Y ., in e x c h a n g e o n N e w Y o r k C ity . E a c h b id m u s t b e a c c o m p a n ie d b y a c e r tifie d c h e c k , p a y a b le to t b e o rd e r o f th e C lerk o f U n io n F re e S c h o o l D is tr ict, N o . 1, o f W e s tfie ld , N . Y ., t o th e a m o u n t o f 6 per ce n t o f th e fa ce v a lu e o f th e b on d s b id fo r . A c c r u e d in te re s t to b e p a id b v th e p u rch a s e r. T h e r i g h t is r e s e r v e d t o r e j e c t a n y o r a ll b id s . B id s t o b e e n c lo s e d in s e a le d e n v e lo p e s , a d d r e s s e d t o G r a n t S. F la g le r, C lerk o f U n io n F r e e S c h o o l D is tric t. N o . 1, W e s t f i e l d , N . Y . , a n d m a r k e d " P r o p o s a l s fo r B o n d s .” T h e S oh ool D istrict o w n s p r o o e rty co stin g u p w a rd s o f $ 6 5 ,0 0 0 , a n d h a s n o p r io r i n d e b t e d n e s s . T h e V i l l a g e h a s a b o n d e d i n d e b t e d n e s s o f $ 8 2 ,0 0 0 . A s s e s s e d v a l n a t i o n o f p r o p e r t y $ 1 ,4 4 2 ,9 4 3 . A c t u a l v a l u a t i o n o f p r o p e r t y ( e s t i m a t e d ) $ 3 ,0 0 0 ,r BOSTON. C ity of M o n tg o m e r y , 4 0 -Y E A R A la ., BONDS. S e a le d b id s w ill b e r e c e iv e d b y t h e C it y T r e a s u r e r u n t i l 1 2 O ’C L O C K N O O N , F E B R U A R Y 1 2 T H , 1902, fo r th e p u rch a s e o f s e v e n ty -fiv e th o u s a n d d olla r! C ity o f M o n tg o m e r y , A la ., F o r t y -Y e a r per cenl b on d s, a u th o rize d b y A c t o f L e g isla tu re , 1901; d a n o m i n a t i o n o f $1,00 0 e a c h . B on d s to b e datoi J a n u a r y 1st, 1902. I n t e r e s t p a y a b le J a n u a r y a n i J u lv a t Ih e A m e r ic a n E x c h a n g e N a tio n a l B a n k N e w Y o r k . A ll b id s t o b e u n c o n d it io n a l a n d t o be a cco m p a n lo d by au u n co n d itio n a l ch e ck fo r one t h o u s a n d d o lla r s , p tiy a b le t o t h e o r d e r o f t h e C ity T r e a s u r e r a n d ce rtifie d b y n n a tio n a l b a n k . C ou p on s r e c e iv a b le f o r t a x e s a n d lice n se s . T h e c it y r e s e rv e s t h e r ig h t t o r e je c t a n y a n d a ll b id s. R . 8. W I L L I A M S , C ity T re a s a re r. 284 1 2 ,6 0 0 ,0 0 0 TH E CH RO N ICLE. b lo c k l o r C u iia ti u c t i o u o f R a p i d T ru tittit R a i lr o a d , m a t u r i n g N - v . L, 1 0 6 1 F r e e f n * u i a ll t a x a t i o n e x c e p t f o r S 4 la te p u r p o b e a . ' I ' l i i b rnakeb f l i , 5 i . O 0 o O o f b u c h b o n d s i s s u e d t o d a t e . to$4% t * t o c k f o r c o n s t m o t i o n o f n e w E u b l i c L i b r a r y B u i l d i n g I n B r y a n t P a r k , u n u u n u g N u v , 1 , 11142. D V e e f r o m a l l t a x a t i o n , i n c l u d in g ta x e s fo r S ta te p u rp o s e s . 6 0 o ,o o o In te re st w ill b e p a y a b le M a y 1 a n d N o v e m b e r 1. E ith e r m o n e y o r a ce r tifie d c h e c k d r a w n to th e o r d e r o f th e C ity C o m p tr o lle r u p o n o n e o f th e S ta te o r n a tio n a l b a u k e o f N e w Y o r k C ity fo r 2# o f th e p a r v a lu e o f th e s to c k b id fo r m u s t a c c o m p a n y p ro p o sa ls. T h e c o n d itio n th a t th e b id d e r w ill a c c e p t o n ly th e w h o le a m o u n t o f s t o c k b i d f o r b y h i m a n d n o t a n y p a r t t h e r e o f Is c o n tr a r y to th e p r o v is io n s o f th e C ity C h a rte r, a n d s u c h b id s m u s t b e re je cte d . U n d e r th e C ity C h a r te r b o n d s m a y b e i s s u e d i n d e n o m i n a t i o n s o f $ 10 o r a n y m u l t i p l e t h e r e o f . N o r w o o d , O h i o . — B o n d O fie r in g .— P r o p o s a l s w ill h e r e c e iv e d u n til 12 u ., F e b . 24, b y W . E . W ic h g a r , V illa g e C le rk , a t th e o ffice o f W illia m R . C o llin s, R o o m 505 J o h n s to n B u ild in g , C in c in n a ti, fo r th e fo llo w in g b o n d s : * 1 ,7 8 0 0 5 1 -1 0 -y e a r (serial) W e s t 8 tr e e t I m p r o v e m e n t h o o d s . * ,5 3 5 4 0 5 4 1 - 1 0 - y e a r ( s e r i a l ) M c N e ill S t r e e t i m p r o v e m e n t b o n d s . S e cu ritie s a re d a te d F e b . 5, 1902. T h e a m o u n t o f b o n d s b e is s u e d m a y b e r e d u c e d if a n y a s s e s s m e n ts a re p a id in sh . A ce rtifie d c h e c k fo r 5# o f th e a m o u n t o f b o n d s , p a y le to th e V illa g e C le rk , m u s t a c c o m p a n y p r o p o s a ls fo r e a c h th e a b o v e issu e s. O ts e g o (T o w n ), O ts e g o ( J o n n t y , N . Y — B o n d O ffe r in g .— P ro p o s a ls w ill b e re c e iv e d u n t i l 1 0 a . m ., F e b r u a r y 1 5 , b y H a r v e y K , M u r d o c k , R a ilr o a d C o m m is s io n e r , a t th e C o u n ty S u r r o g a t e ’s o f f i c e i n C o o p e r s t o w n , f o r $ 1 5 ,0 0 0 3 % % r e f u n d i n g b o n d s . S e cu ritie s a re in d e n o m in a tio n o f $ 1 ,0 0 0 , d a t e d M a r c h 1, 1902. In te re s t w ill b e p a y a b le s e m i-a n n u a lly a t th e S e c o n d N a tio n a l B a n k o f C o o p e r s to w n . P rin cip a l w ill m a tu re M a r c h 1, 1932. B id s m u s t b e u n c o n d itio n a l a n d m u s t b e a c c o m p a n ie d b y a ce rtifie d c h e c k , p a y a b le to th e C o m m is sio n e rs, fo r 5# o f th e a m o u n t o f b o n d s b id fo r. P a s a d e n a , C a l . — B id s .— F o l l o w i n g a r e t h e b i d s r e c e i v e d J a n u a r y 2 0 f o r t h e $ 3 0 0 ,0 0 0 4% b o n d s : t o a o o a b f U n i o n S a v . B a n k , O a k l a n d _ _ _ $ 8 0 4 ,5 0 1 F u a t N a t . B a n k . P a s a d e n a ___ 3 0 0 ,1 5 8 A . K. M e tca lf, P a sa d e n a (fo r $ 2 6 O O o ) ......................................... 2 5 , 1 0 0 W e s te r n M a s o n s ’ M u tu a l B ite A a s o ., P a s a d e n a (fo r to ,0 00 ). 5 ,0 0 0 3 3 0 - Y e a r Bonds. S e a le d p ro p o sa ls w ill b e r e c e iv e d b y th e u n d e r s ig n e d , S e le c tm e n o f t h e T o w n o f D a n b u r y , C o n n ., u n til 8 o ’c l o c k P . M . o n t h e 2 0 T H D A Y O F F E B R U A R Y , 1902, a t t h e o ffic e o f t h e S e le c t m e n in D a n b u r y , f o r t h e p u r c h a s e o f a ll o r a n y p a r t o f $ 2 2 5 ,0 0 0 F u n d i n g B o u d s a n d $ 5 0 ,0 0 0 35^6 H i g h S c h o o l B o n d s o f s a id T o w n . B o n d s w ill b e d a t e d M a r c h 1st, 190 \ a n d m a t u r e t h ir ty y e a r s t h e r e a ft e r . In te r e s t p a y a b le s e m t-a n u u a lly in N e w Y o r k a t th e Im p o rte rs ’ & T ra d e r s’ N a tio n a l B an k. B id d ers m u s t u s e th e p r in te d fo r m o f p r o p o s a l fu r n is h e d b y th e u n d e rs ig n e d a n d e a ch b id m a s t b e a c c o m p a n ie d o y a ce rtifie d c h e e k o n a N a tio n a l B a r k f o r 2% o f t h e f a c e v a l u e o f t h e b o n d s b i d f o r , T h e r i g h t is r e s e r v e d t o r e j e c t a n y o r a l l b i d s . T h e b o n d s w ill b e d e liv e r e d t o t h e p u rch a s e r o n M a r c h 3d, 1902. a t 11 o ’ c l o c k A .M ., a t h ^ o ffic e o f t h e U n i t e d S t a t e s M o r t g a g e & T r u s t C o m p a n y , 5 9 C e d a r S t., N e w Y c r k . T h e b o n d s w ill b e a p p r o v e d a s t o t h e ir le g a lit y b y M e s s rs . D illo n & H u b b a r d o f N e w Y o r k C ity a D d w ill b e e n g r a v e d u n d e r t h e s u p e r v is io n o f a n d ce rtifie d as to th e ir g e n u in e n e ss by th e U n ite d S tates M o r t gage &Trust C om pany. F or fo r m o f p rop osal a n d fu rth e r in fo rm a tio n address ( A L E X A N D E R T U R N E R , S e l e c t m e n : <T H O S . T . A L E X A N D E R , (H A N F O R D T. W H IT E , D a te d D a n b u r y , C o n n ., J a n u a r y 29th, 1902. BOND CA LL. O itv o f M in n e a p o lis , M i n n . TO W H O M IT M A Y C O N C E R N : N o t i c e is h e r e b y g i v e n t h a t p u r s u a n t t o r e s o l u t io n d u ly a d o p t e d b y t h e C ity C o u n c il o f t h e C ity o f M in n e a p o lis, o n t h e 13th d a y o f D e c e m b e r , A . D . 1901, t h e s a i d C i t y o f M i n n e a p o l i s w i l l , o n t h e first day of.April, A . D . i 9 0 2 , e x e r c i s e i t s r i g h t a n d o p tio n t o p a y , a n d w ill p a y , a ll th o s e c e r ta in o u t s t a n d in g b o n d s O f t h e C it y o f M i n n e a p o l i s , is s u e d a n d nold p u r s u a n t t o a r e s o l u t io n a d o p t e d b y t h e C ity C o u n c il o n F e b r u a r y 16, 1882, a p p r o v e d F e b r u a r y 1882, t o t h e a m o u n t o f $ 3 6 6 ,0 0 0 , n u m b e r e d c o n s e c u t i v e l y f r o m 6 0 4 t o 9*»9. b o t h N o s . i n c l u s i v e , b e a r i n g d a t e A pril 1. 1 8 8 2 . i n d e n o m i n a t i o n s o f $ 1 , 0 0 0 each, h ea rin g in te re st at per cen t per annu m , and p a y a b le a t t h e o p t io n o f th e C ity o f M in n e a p o lis a t m y t i m e a lte r ‘4 0 y e a r s and not longer than 10 y e a r s from the date ot ihetr is»u e , w h i c h taid b o n d s a r e h e r e b y c a lle d in , a n d t h e h o ld e r s th e re o f a re h e r e b y n o tifie d a n d r e q u ir e d to p re se n t the sa id b o n d s fo r p a y m e n t t o t h e U n it e d S ta te s M o r t g a g e & T r u s t C o ., 59 C e u a r S tr e e t, in t h e C it y o f N e w Y o r k , N . Y ., o n t h e s a id 1 st d a y o f A p r il, A . D . 1002, a t w h i c h t i m e s a id b o n d s a n d e a c h t h e r e o f w ill tease to b e a r in terest. JO SH U A ROGERS. C ity C o m p tro lle r. H I G H -G R A D E B O N D S . Rutland. Vermont. Gold 4 s. Dalutk, Minn., Gold 5 s . Arizona Gold 5s. H A R R Y B . PO W ELL, dc CO., Woodstock, Vermont. U T IO A , J a n . 2 5 , p .| 2 2 6 . INVESTMENTS. N. W. HARRIS & CO., N. Y ., R e g is te re d P u blic Im p ro ve m e n t BONDS. C O R P O R A T IO N h r o n i c l e R e n s s e la e r v ille (T o w n ), A lb a n y C o n n t y , N . Y .— B ond S a le .— W e a r e a d v i s e d t h a t t h e $ 4 ,0 0 0 4 % b r id g e b o n d s d e s c r ib e d in t h e C h r o n ic l e J a n u a r y 11 h a v e b e e n s o ld . R o b e r t s C o u n t y , S . D a k .— B o n d O n J a n u a r y 8 th e $10 000 H p o o r -a s y lu m b o n d s w e r e a w a r d e d to G e o . M „ B r in k e r h o ff o f S p r in g fie ld , a t 1 0 3 -5 7 5 . T h e $ 4 0 ,0 0 0 c o u r t h o u s e b o n d s o ffe r e d fo r s a le o n th e s a m e d a y w e r e a w a r d e d , as sta ted in th e C h r o n ic l e J a n . 18, to th e M in n e s o ta L o a n & T ru s t C o. o f M in n e a p o lis , a t p a r. S t . M a r y ’ s C o u n t y , M d .— B o n d O ffe r in g . — T h e S t a t e L e g i s l a t u r e h a s p a s s e d a b i l l p r o v i d i n g f o r t h e i s s u a n c e o f $ 22,000 $ 1 5 0 ,0 0 0 DANBURY, C O N N ., G e o . M . l l a h n ............... $ 4 0 , 0 0 0 0 1 0 2 - 0 7 P a r s o n . L e a c h & C o . . . . 4 0 ,0 0 0 @ 1 0 2 0 0 W . J. ll a y e s A S o u s .. 4 0 ,0 0 0 @ 1 0 1 '6 7 A H e n , S a n d it C o . . a l l t h r e e i s s u e s l O l ' 3 3 J o s e . P a r k e r & C o ., a ll t h r e e Is s u e s .................................................. 1 0 0 6 0 F o r fu ll d e s cr ip tio n o f b o n d s see C NEW LOANS • ^ 2 7 5 , 0 0 0 LXXIV, A s s ta te d la st w e e k , th e b o n d s w e r e a w a r d e d t o th e U n io n S a v i n g s B a n k o f O a k l a n d a t 1 0 1*50. P a u l d i n g , O h i o . — R o n d O ffe r in g . — P r o p o s a l s w i l l b e r e c e i v e d u n t i l 12 M ,, F e b r u a r y 13, b y E . A . R e a m , V illa g e C le r k , fo r $ 5 ,0 0 0 5 # w a t e r - w o r k s b o n d s . S e r ie s N o . 1. S e cu ritie s a re in d e n o m in a t io n o f $ 1 ,0 0 0 , d a t e d S e p t . 1, 190 1 , In te re s t w ill b e p a y a b le s e m i a n n u a lly in P a u ld in g , O h io , P r in c ip a l w ill m a t u r e $ 1 ,0 0 0 A u g . 1, 1 9 1 1 ; $ 2 ,0 0 0 A u g . 1, 1 91 2 , a n d $ 2 ,0 0 0 A u g . 1, 1913. A ll b id s m u s t b e u n c o n d i tio n a l a n d b e a c c o m p a n ie d b y a ce rtifie d c h e c k fo r $500, d r a w n o n s o m e b a n k in P a u ld in g . T h e s u cc e s s fu l b id d e r w ill b e re q u ire d to fu r n is h b la n k b o n d s a n d m u s t a ls o p a y a c c r u e d in te r e s t. P ly m o u th , l u l l .— B o n d S a l e . — O n J a n . 2 3 , $ 9 , 4 1 5 4 2 5 # s tre e t-im p ro v e m e n t b o n d s w e r e a w a r d e d to th e F irs t N a tio n a l B a n k a t 103. R e n f r e w , O u t . — D e b e n tu r e O ffe r in g . — P r o p o s a l s w i l l h e r e c e i v e d u n t i l 6 p . m ,, F e b r u a r y 3 , b y W . E S m a llfie ld , M a y o r , f o r $ 3 4 ,0 0 0 H lo c a l i m p r o v e m e n t d e b e n t u r e s . S e c u r itie s w ill m a tu r e p a rt y e a r ly fo r tw e n ty y ea rs. R e n s s e l a e r C o u n t y ( P . O . T r o y ) , N . Y . — B o n d S a le .— O n J a n . 28 th e T r o y S a v in g s B a n k w a s a w a r d e d th e fo llo w in g b o n d s : $ 4 0 ,0 0 0 3 r e f u n d i n g b o n d s a t 1 0 2 8 5 , $ 6 3 ,5 0 0 t o ll - r o a d b o n d s a t 1 0 2 9 5 a n d $ 3 3 ,2 2 5 3 }^ # T r o y A r m o r y i m p r o v e m e n t b o n d s a t 1 0 2 ’4 9 . F o llo w in g a re th e b id s ; ( $ 4 0 ,0 0 0 @ 1 0 2 -8 5 T r o y 8 a v ln g s B a n k . . < e 3 ,6 0tt@ 10 2 -9 6 l 8 3 ,2 2 8 0 1 0 2 -4 9 M . A . S te in , a ll t h r e e Is s u e s . . 102-137 D e n i s o n , P r i o r & C o., a l l t h r e e i s s u e s .............................................. 1 0 2 - 0 3 3 S. A . K e a n (le ss co m m is s i o n ) ............................................ $ 3 0 0 , 0 0 0 N e w F irst N at. B an k, C o lu m b u s ( 'c s s $ 0 ,7 5 0 c o m m i s s i o n ) . 8 00 ,0 0 0 NEW LOANS* [V ol. N O T I C E N o . 2, 1902. N o t i c e is h e r e b y g i v e n t h a t t h e u n d e r s i g n e d w ill r e c e iv e p r o p o s a ls a t p u b lic a u ctio n , a t t h e C itv C l e r k ’s o ffic e , In t h e C it y H a ll , o n t h e 1 1 T H D A Y O F F E B R U A R Y , 1902, a t 12 o ’c l o c k M „ f o r t h e f o l l o w i n g b o n d s o f t h e c it y o f U tic a , v iz.: $ 1 5 0 ,0 0 0 R e g i s t e r e d P u b l i c I m p r o v e m e n t B o n d s t o b e is s u e d in p u r s u a n c e o f C h a p te r 93 o f th e L a w s o f 1891, a n d a ls o in p u r s u a n c e o f a r e s o l u t io n o f t h e C o m m o n C o u n c il p a s s e d D e c e m b e r 30, 1901, b y a t w o -t h ir d s v o t e o f a ll t h e m e m b e r s e le c t e d t o sa id C o m m o n C o u n cil. S a id b o n d s w i ll b e d a t e d J a n u a r y 1, 1 90 2 , a n d w ill b e a r i n t e r e s t a t t h e r a t e o f f o u r (4J5) p e r c e n t p e r a n n u m p a y a b le s e m i-a n n u a lly . $ 1 6 ,0 0 u o f s a id b o n d s w ill fa ll d u e J a n u a r y 1, 1 93 2 , a n d $ 1 5 ,0 0 0 J a n u a r y 1 s t e a c h y e a r t h e r e a f t e r u n t i l a ll a re p a id . P u r c h a s e r s w ill b e r e q u ir e d t o d e p o s it a ce rtifie d c h e c k in t h e s u m o f $ 3 ,u o o o n d a t e o f sa le. N o b id w ill b e r e c e iv e d a t le ss th a n par a n d a ccr u e d in te r est. B o n d s d e liv e re d o u t o f to w n at e x p e n s e o f purchaser. D a t e d U tic a , N . Y ., J a n u a r y 2 7,19 0 2 . GEO. W . JON ES, C ity T rea su rer. BANKERS, 31 N A SSA U S T ., N E W Y O R K . C H IC A G O . BOSTON. D ea l e x c lu s iv e ly In M u n ic ip a l, R a i lr o a d a n d o t h e r b o n d s a d a p te d fo r tr u s t fu n d s a n d s a v in g s . IBSU X T R A V E L E R S ' L E T T E R S O f C R E D I T A V A IL A B L E I N A L L P A R T S OF TELE W O R L D . Q u o ta tio n s fu r n is h e d fo r p u rch a se , sa le o r F A Y E T T E V IL L E W IL M IN G T O N exohange. & STEAM BOAT COMPANY. 1st M tg e . 6% 2 0 -y e a r C o ld B o n d s . W e otter a limited amount ol the abovenamed bonds at pal* and interest. Eack 8 5 0 0 bond is entitled to 8 2 5 0 ol stock in the corporation. F u ll particulars on ap plication. Perry, Coffin & Burr, C. H. W H ITE & CO, INVESTMENT BONDS. BANKERS. T1 B r o a d w a y , 6o S ta te S tre e t, - N ew Y o rk . W e own and oiler BOSTON. . $ 1 5 0 ,0 0 0 W E O F F E R , TO Y IE L D A B O U T S*. S O C O R R O C O U N T Y , N . M ., 8 3 0 0 ,0 0 0 Funding 5s, due 2 0 -3 0 years. Descriptive Circular Upon Application, (Total Issue, 8 1 ,0 0 0 .0 0 0 ) B u tte T R O W B R I D G E E le c tr ic & P o w e r C o . Butte, M ont., 5 per cent 1st M ortgage Sinking Fund Gold Bonds. D e n o m i n a t io n , $1,00 0 . R u d o l p h M a tu rin g 1 to 80 years. K le y b o lte & C o . I N A SSA U 8 T .. N E W Y O R K C I T Y . F ir s t N I T E R & National Bank CO., Building, C h ic a g o . F. R. F U L T O N & C O ., M 171 u n i c i p a l L A S A L L E B o n d s , S T R E E T , C H I C A G O . Fe b r u ar y 1, 1902.] T H E tion o f $1,000, dated Jan. 1, 1902. Interest will be payable semi-annually at the office of the Town Treasurer. A certified check for 1% o f the face value o f the bonds, payable to the President o f the Board o f T ow n Trustees, must accom pany proposals. A ccrued interest is to be paid by purchasers. Sherman County (P . O. Stratford), T e x .— Bond Sale.— This county has sold at par to the State Permanent School Fund the $3,950 4%court-house bonds mentioned in the C h r o n i c l e Nov. 16, 1901. The county w ill also issue this month $4,000 4% 10-year road and bridge bonds and $8,000 4% 10-year refunding jail bonds. These bonds will also be taken by the State Permanent School Fund at par. South Brooklyn, Ohio.— Bond Offering.—Proposals w ill be received until 12 M ., March 1, by W . T. Pupikofer, Village Clerk, for the follow in g bonds : court-house bonds. These bonds w ill be sold at public a u c t i o n a t 1 P . M . , February 18, at the Court House door in Leonardtown, but sealed bids for the same may be sent until 12 M., February 17, all of which must be accom panied by a certified check for 5% of bid. These bonds carry 4% interest, payable semi-annually, and the principal w ill mature $7,000 in 1917, $7,000 in 1922 and $8,000 in 1927. John Gh H. Lilburn is President of the Board o f County Commissioners. Sandstone, Pine County, Minn.—B ond Sale.—On Jan. 22 the $11,000 5% 20-year refunding bonds dated Feb. 1, 1902, were awarded to Duke M. Farson & Co., Chicago, at 104 545 — an interest basis o f about 4 049#. F ollow in g are the bids : Duke M . Farson & Co.. Chic *11.600 00 I W. J. Haves & Sons, C leve...$11,006 00 Meroh. Nat. Bank, St. Paul.. 11,4*5 00 J. F. Fitzpatrick, 8t. Paul— 11,000 00 Jno. Nuveen & Co.. Chicago.. 11,150 00 |Thompson, Tenney A CrawColmnbus Sar. & Trust C o... 11,118 00 ford Co„ChlcatfO.................. 11,000 00 Crawford Livingston,St.Paul 11.101 50 I *30,000 6< 20-yoar olootrlo-llght bonds, In denomination o f $l,000,;datod March 1,1903. 16,000 6* 1-10-yoar (serial) paving bonds, In denomination o f 1 1 1 ,600 , dated Jan. 1,1902. h r o n i c l e J a n , 11, p . 114. Schenectady, N. Y .—Bond Sale.— The highest bid re ceived on January 28 for the $20,000 4% 22%-year (average) assessment and deficiency bonds was that o f Blodget, M er ritt & Co., Boston, at 112 06—an interest basis o f about 3’241£. F ollow ing are the bids : F o r d e scrip tio n o f b o n d s see C Blodget, Merritt & Co.. Boston. 113-06 Denison, Prior & Co.. Cleve...... 112-083 Dick Bros. & Co., New York .. 111-945 Geo. C. W hite Jr., New York. ..lll'9 2 Allen, Sand A Co.. New Y ork .. .llVSfcS Farson. Leach&Co., New York.111‘58 W . J. Hayes & Sons Cleve........11P175 Interest on the above bonds w ill be payable annually. The successful bidder w ill be required to furnish blank bonds free o f charge. A certified check fo r 5$ o f the amount of bonds bid for, drawn on a national bank and made payable to the V illage Treasurer, must accom pany proposals fo r each o f the above issues. Swainsboro, Ga.— Bond Offering.—Proposals w ill be re ceived until 12 M. to-day (Feb. 1) by the Mayor and City Coun cil for $12,000 5% school-house bonds. Securities are in de nomination o f $1,000, dated A pril 1, 1902. Interest w ill be payable annually on April 1 at the Citizens’ Bank o f Swains boro. Principal w ill mature A pril 1, 1932. A certified check fo r 2% o f bid, payable to the City o f Swainsboro, must accom pany proposals, Syracuse, N. Y.—Loan A uthorized .—The A lderm en have authorized a loan o f $223,000 in anticipation o f the collection o f taxes and also one fo r $100,000 in anticipation o f the co l lection o f local assessments. U tica, N. Y . — B o n d O f f e r i n g . — G e o , W . Jones, City Treas urer, w ill sell at public auction at 12 m ., Feb. 11, at the office o f the City Clerk, $150,000 4% registered public-im provem ent bonds, issued fo r the purpose o f straightening the Mohawk M. A . Stein. New York............... 111T1 Goo. M. Hahn, New York.......... 11P09 law rence Barnum A Co., N. Y .110-05 Harrlman A Co., New Y ork __ 108'06 Edmund Seymour A Co., N. Y ..106-15 W. R. Todd A Co., New Y o rk ...104-00 For description of bonds see chronicle Jan. 18, p. 168. Certificate Issue.—The Council has passed a resolution, providing for the issuance to the Schenectady Contracting Co. o f $13,750 20 5% certificates o f indebtedness. One certi ficate for $2,309 84 will mature in one year and four months from date and one certificate fo r $2,860 09 w ill mature yearly fo r the fou r years follow in g; also a resolution fo r the issu ance to the same com pany of $8,306 15 5% certificates o f in debtedness to mature $1,213 23 fou r months after date and $1,773 23 yearly thereafter. Santa M onica, Cal.—Bond Offering.—Proposals w ill be re ceived until 2 P. M. February 17, by John B. Procter, Town Clerk, for $35,000 5% 1-35-jear (serial) city hall and $25,000 5% 1-25-year (serial) bridge bonds. Securities were authorized at the election held N ov. 19, 1901. They are in denomina IN V E S T M E N T S . G e o . D . C o o k IN V E S T M E N T S . IN V E S T M E N T S . $ 1 5 0 ,0 0 0 W E OFFER, C o m p a n y . IN VE ST M E N T S E C U R IT IES. MARION LIGHT & HEATING CO. 3 3 8 -2 4 0 L a S a lle S tre e t, 5% F i r s t M o r t g a g e B o n d s . C H IC A G O . TOTAL ISSUE, $150,000. C H O IC E P O T T E R , MUNICIPAL and CORPORATION nc BUN U5, L IS T • OH J . F. W IE D Netting the investor & CO., B a n k ers, 6 p e r c e n t in te r e s t . I n d ia n a p o lis , I n d . B a o h o f th e secu rities h a s b e e n p e r so n a lly e x a m in e d b y o n e o f o u r sa la ried e x a m in e r s. W r ite fo r o u r la te st offerin g . ILLS, A P P L IC A T IO N . SEND FOR LIST MUNICIPAL and CORPORATION Netting from - M O R TG A G E S » n im p r o v e d fa rm s, w o r th fr o m 2 ^ to 5 tim e s th e a m o u n t lo a n e d th ereon , W rite for Prospectus. qom - SA LE O K L A H O M A F IR S T City o f Marion, Indiana, population, 22,000, 172 Washington Street, CH ICAG O , P R IO R Net earnings, $35,500, on Electric Light Plants. New H eating Plant recently put In operation. B . S U B JE C T T O Maturing semi-annually in 10 years. N. Y. Office. 1442 Broad-Exchange Bldg. T . 285 C H R O N IC L E . B O N D S to 6£ always on hand. F eb ru ary Investm ents. MUNICIPAL, RAILROAD AND CORPORATION BONDS. D U K E M. FARSO N & C O . 115 Dearborn S t , CHICAGO. FARSON, LEACH C H IC A G O . W IN N E & W IN N E , winne Building, Wichita, Kansas. Mention this paver. & C O ., NEW Y O R K . 5% B O N D S Send for our Investment Circulars. A S P E C IA L T Y . J . A r n o ld S cu d d e r& C o m p a n y B O N D S. 47 B ord en B lo ck , C hicago. M a c D o n a l d , M c C o y & C o ., M UNICIPAL AND CORPORATION JONES & C O ., EDW. C. NUW Y O R K , . P H IL A D E L P H IA , . . - . - 1 N A S S A U STREET 112 SO. F O U R T H S T R E E T BONDS. S easongood 8c M ayer, 171 La Salle Street, Chicago. The M utual Benefit VICKERS & PHELPS, LIFE INSURANCE CO., NEWARK. N. J. 8 . W , C o r n e r T h ir d a n d W a ln u t S tre e ts , C IN C IN N A T I, O H IO . MUNICIPAL BONDS. 15 W a ll High-Grade City, County, Town and School Bondi Usued In leading prosperous States o f the Union especially adapted for safe and permanen. Invest ment for Estates and Trust Funds. S treet, - • N ew Y ork. H IGH EST GRADE RAILRO A D B O N D S . MUNICIPAL BOND8. E . C . STANWOOD & C o . C . D . K N A P P , J R & C O ., BAN KERS, 121 Devonshire Street B08TON. AM ZI D O D D , . . . . P r esid e n t IN V E S T M E N T B R O K E R S , B A N K E R S and Dealers In Investment Securities', 31 Nnwimu S t r e e t , Y O R K C IT Y . N E W 1 5 3 L a S a lle S tr e e t , C H IC A G O . Assets (Market Values) Jan. 1,1901....$74,311,168 25 Liabilities (N. J. and N. Y. Standard). 68,186,103 84 Surplus...................................................... 6,126,864 #1 MUTUAL BENEFIT POLICIES Co Special and n t a in P e cu lia r A d v a n ta g e* which are wot combined In the POLICIES OF ANY OTHER COMPANY. 28(5 T H E C H R O N IC L E . R iver Hecuritios are iaaned under the authority of Chapter 93, Laws of lbtf 1. They are dated Jan. 1, 1902, and the in tercut will he payable semi annually. Principal will mature $15,U00 yearly on Jan. 1 from 1922 to 1931, inclusive. The purchasers will be required to deposit a certified check for $3,000 on the day of sale. The official notice o f chin bond offering will be found among the advertisements elsewhere in this Department. U nion County (P . 0 . Crestou), Iow a.—Bond Offering.— Proposals will be received until Feb. 3 by Geo. Brothertou, County Auditor, tor $30,000 2 10-year (optional) bonds to be issued for the purpose o f taking up bridge warrants. Interest (rate to be named in bids) will be payable semi-annually at Crestou These bonds will cover tne entire indebtedness of the county. The assessed valuation is $3,952,932 and the actual valuation $ 1 5 811,608. W aterloo, Out. —Debenture Offering.—Proposals will be received until (S p. m ,, February 3, by A. B. M cB ride, Town Clerk, for $3,970 A% cement sidewalk debentures, payable iu twenty annual instalments, and $4,000 4$ sewer debentures, payable in thirty annual instalments. Westfield, N. Y.— Bond Sale,—On Jan. 24 the $35,000 13-17-year (serial) registered water bonds were awarded to the Fulten Savings Bank of Fulton at 101*814—an interest basis ot about 3*346f. For description of bonds see C h r o n i c l e Jan. 18, p. 170. W estfield Union Free Sch ool D istrict No. 1, Chautauqua County, N. Y.—Bond Offering.—Proposals will be received until 3 p. m . February 10, by Grant S. Flagler, Clefk o f the Board of Education,'.for $35,000 registered bonds. Se curities are in denomination of $1,000, dated Jan. 1, 1902. Interest'w ill be’ payable semi annually at the National Bank o f W estfield in exchange cn N ew Y ork City. Principal w ill mature $1,000 on Jan. 1, 1910, andj$2,000 yearly on January 1 from 1911 to 1927, inclusive. A certified check for o f the face value o f the bonds bid for, payable to the Clerk o f the IN V E S T M E N T S . [V o l . LXX1V. district, must accompany proposals. Accrued Interest is to be paid by purchaser. The official notice o f this bond offering will be fo u n d among the advertisements elsewhere in this Department. West Homestead, Pa.—Bids Rejected,—All bids received Januaty 20 for tne $38,009 4%sewer and the $12,00J townhall bonds (described in the C hronicle Jan. 18, p. 170,) were rejected. Theibonds, we are advised, will be re advertised for sal - in the near future. W ooster, O hio.—Bond Offering —Propofals will be receivtd until 12 m Feb. 7 by the Finance Committee of the City Council for $40,000 4* refunding city hall bonds. Secu rities are issued under authority o f Section 2701 Revised Statutes of Ohio. They are in denomination o f $500, Inter est will be payable semi annually at the office o f the City Treasurer. Principal will mature Feb. 14, 1915. A certified check or certificate o f deposit on a bank iu the city of W oos ter for of bid and made payable to Weston T. Peckinpaugb, City Clerk, must accompany nroposals. Yonkers, N. Y.—Bond Sale.—On January 24] the Yonkers Savings Bank was awarded bonds as follow s : $47,500 41 assessment bonds, maturing Feb. 1, 1908, nt 10069. 29.000 4,1 assessment bonds, maturing Feb. 1, 1904, at 101 '88. 80.000 8H1 redemption bonds, maturing Feb. 1, 1905, at 100-74. We inadvertently stated last week that proposals would be received for these bonds until 11 a . m ., Feb. 1, 1902; this hour and date was the time set for the payment for the bonds by the purchasers. Yonkers (N. Y.) School D istrict.—Bond Sale.—On Jan uary 24 a $8 250 %%% registered bond, dated Jan. 1, 1902, and maturing April 1, 1900, was awarded to the People’s Savings Bank of Yonkers at 102*725 and interest. F ollow ing are the b id s: People’s Sav. Bank, Yonkers.. ,102'725 I M. A. 8tein, New York..............10P70 Geo. M. Hahn, New York......... 102'29 | This bond is issued in conform ity with Chapter 548, Laws of 1899. Youngstown, O hio.—Bond Sale.— On January 27 the $1,400 5$ Pearl Street grading bonds were awarded to the Firemen's Pension Fund, Youngstown, at 100714, This was the only bid received. For d e s c r i p t i o n o f bonds see C h r o n i c l e , Jan uary 11, p. 114. IN V E S T M E N T S . TH E GRAND M IS C E L L A N E O U S . P R IX J. G. W H I T E & C O ., E n g in e e r s , C o n tr a c to r s , 29 B R O A D W A Y , I n v e s tig a t io n s a n d E le c t r ic T H E A U D IT C O M P A N Y OF NEW YORK. L ig h t , a n d A u d its a n d A p p ra isa ls w ith C ertifica tes. STANDARD PAPERS. They are tbe only American papers which hare ever received this—the highest honor that can be conferred. It means they are the most perfect made. Insist on having them for your fine corres ndence and your office stationery. Are you using hltlng’s Ledger Papers in you Blank-Book Samples and booklet free. WHITING PAPER COMPANY. HOLYOKE. MASS., A n d 150 D u a n e S t r e e t , N e w Y o r k MEW YORK. fo r 22 a C o lle g e H ill, H A S K IN S C an non & S tre e t. SELLS, C e r tifie d P ublic A c c o u n ta n ts , 30 BROAD ST., NEW YORK. 30 C H IC A G O , I I .L . CHICAGO. GENUINE L ig h t a n d F in a n ce d CORRESPON DEN TS: 3 0 4 D e a r b o r n S t., N .Y. L ife Building, Insti F in a n c ia l J . G . W H I T E <fc C O ., I,H u lle d . , SECURE BANK VAULT® Q u een B uilding, on Electric G a s , tu tio n s a n d I n v e s to r s . E le ctric R a ilw a y s, E le ctric E le ctric P ow er P la n ts D e s ig n e d a n d B u ilt. LON DON Y . P o w e r T r a n s m is s io n P r o p e r t ie s W HITIN G’ S P h y s ic a l a n d A c c o u n t in g E x a m in a tio n s. R a ilw a y , N . R e p o r t s C o le m a n W M . F R A N K L IN H A L L , Accountant, WELDED CHROME STEEL AND IRO J EX5Sas ,gae. . BS «d. : / Round and Flat Bars and 5-ply Plates and Angle FOR 8AFH8, VAULTS, Ac. Cannot be Sawed, Cut, or drilled, and positively Burglar Proof. CHROM E STEEL W O R K S, Kent Ave. Keap and Hooper Sts., 8 ne Man’f ’ers In the U. 8. B R O O K L Y N . N .Y ASSETS TR A N SM ISSIO N R O P E . RE AL I ZAT I ON CO., Will buy tbe assets of estates in process of liquidation, any where in the United States. “ ASS. B o o k s a u d ited . E x a m in a tio n s a n d In v estig a tio n s c o n d u c te d w ith th e u tm o st c a r e a n d efficien cy . J A M E S P A R K , P ublic Accountant 52 B r o a d w a y , and P ublic Accountants «0 W ALL A uditor, New York. - D . A. K E IS T E R Ashland Block, Chica&ro, 518 Walnut St., Philadelphia. S t ., L O N D O N . K. C, & C O ., and STREET, A uditors, NEW YORK. Patterson, Teele & Dennis, C E R T IF IE D P U B L IC SO B r o a d S t r e e t . THE AMERICAN MANUFACTURING COMPANY. 6 3 WA.XIj STB B B T , H B W Y O B JC. - ACCOUNTANTS, - N ew Y ork. M. G. H A H N , BONDS, Broker in investment Securities, 10 WALL STREET NEW YORK.