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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 ,

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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
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L
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...
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
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Gt Soassn
g os..........1916
133%___
137%J’ly
Far
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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
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4886-41987
926 M-N
107%110 107
111
Oct
’01
General
gold
3%s..........
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118%....... 118%Jan *02 115 118% Sinking
Begistered
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pi 987 A-O
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Nov’98 113%116%
115
fund
i
’1 5
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102 ....... 103 Apr’97
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Sale
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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
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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
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107% Sale
106% 121%
107% 80
96 122
103% Des
109
109 26 105G
107%
59 119
J-J
M
Ft
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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%
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’01
Des
M
1st
5s__1923
110%
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Chic
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L
See Atcli T saFe
79%
Sale
80
60
84%
120
79%
Chic St
L NPitts
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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
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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
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St
R9thAv 1st gu g 5s.l993
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Bond Record—Continued—Page 2

25

BONDS*
N. Y. STOCK EXCHANGE 1£«c-2

_

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[VOL. LXXIV.

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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
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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

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S ee
S ee

g

S ee
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g

116

g

&

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g

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—

S ee

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....

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

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1902

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B onds

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B onds

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J a n 31
1902

L is te d
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sa le s

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sh ares

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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

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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
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apjfkto MW^Hj pJs0_^#.j^OO,t0M|fkQDj|»._pp toaooip WO_tO O' C
oi
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___ _ _ ^ ___
..QOHOtW M *
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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

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00

THE DRY- GOODS TRADE.

O

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J* { O 03
<3> <£><S
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€4,741
131,513
63,081
71,79§
58,064

M
tow
rf^OD
'coV
tooCD
w
050
fcOM
OH(Bp- OtDoaocootfx
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«
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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

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to03'-‘OSH
to
<53 03
tfAto
05000

jfk.GO00<| OB
03 <1ca> >Q OOH
Hw <1
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0
CD»
aots- <5
Cf>OlQDOO»C
cc
SiH
b00
IB
wMVQCQD
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CQMO\ 05
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to“4 OOl
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o<i
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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
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M
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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
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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
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per

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.

OF

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S A N IT A R Y

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0

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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

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P R IX

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