Full text of Commercial and Financial Chronicle : February 22, 1902, Vol. 74, No. 1913

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Quotation -Supplem ent (M«nt%)

Street Railway Supplem ent Cs™a;,

In vestors S u p p le m e n t (Quarts)

Stale andC ity Supplem ent

[E n t e r e d a o o o r d in g s o A ot o f C o n g r e s s , in t h e y e a r 1 9 0 2 , b y t h e W il l ia m b . D a n a C o m p a n y , in t h e o ffic e o f t h e L ib r a r ia n o f C o n g r e s s .]

VOL. 74.

SATURDAY, FEBRUARY 22, 1902.
W eek

C h r o n ic le .

1902.

t

Terms of Subscription—Payable in Advance:
f o r One Y e a r ......... .......... . . . . . . . . ...... ................................. ................. $ 1 0 0 0
fo r Six M onths......... ........................................... ........................... .
6 00
(European Subscription (Including p o s t a g e ) . . . . . . . . . . . . . . . . . . . . . 13 00
7 50
European Subscription Six Months (including p ostage)...........
Annual Subscription in London (including postage).........
<82 14 s.
S lx M o s.
do.
do.
do.
............... . . A l l i s .
Above subscription includes—
|s t r e e t R a i l w a y S u p p l e m e n t
|S t a t e a n d C i t y S u p p l e m e n t

Terms oi Advertising—{Per Inch Space.)
Transient matter.................... $ 4 20

Three Months (18 tim e s)..$29 OO
STANDING BUSINESS O A B D S .
Six Months
(26 “ ) . . 50 00
Tw o Months
(8 tim es). . 22 OO Twelve Months (52 “
) .. 8700

London Agents:
Messrs. E d w a r d s * S m i t h , 1 Drapers’ Gardens, E . G ., will take subcoripttons and advertisements, and supply single copies of the paper
at Is . each.

POST

W I L L I A M B . D A N A C O M P A N Y , P u b li s h e r s ,
P in e S tre et, C o rn e r o f P e a r l S tre e t,
O F F IC E B O X 958.
NEW YORK.

CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., Indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day, Feb. 22,
have been $1,766,681,375, against $2,025,289,730 last week and
$1,831,469,823 the corresponding week last year.
Cleartrws— Return)

by Telegraph.
Week Ending Fetyruary ? 2 .

1902.

1901.

P.

Cent

N ew O r le a n s ................. .......................... .

*1,118.558,874
100.381,002
06 538,542
22 030.852
109,470,045
44,250,047
*12,600,000

*961,875,881
87,332.846
69 087,174
14,605.194
91,465,123
2 1951.749
0.838,016

+17*0
+ 21-7
+40*5
+6C„'3
+ 5 2 -5
+68 8
+813

S e v e n c it ie s . 6 d a y s . ..........................
O th e r c it ie s , 5 d a y * .....................................

*1.529,839,382
230,842,013

*1,238,783,903
190,341 012

+23 5
+24*4

T o t a l a ll c it ie s , 6 d a y s ........................
A.11 c it ie s . 1 d a y ...................................... .

*1,700,681,375

*1,429 104,676
402 366,248

+23*0

T o t a l a ll c i t i e s f o r w e e k ...................

*1,766,681,375

*1 831,409 823

-3 * 5

C h ic a g o ......... «....................... . .......................

* P a r t ly e s t im a t e d .

The full details for the week covered by the above will be
given next Saturday.
W e cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday
night.
W e present below our usual detailed figures for the pre­
vious week, covering the returns for the period ending with
Saturday noon, Feb. 15, 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
loss of 0*5 per cent. Outside of New York the increase
over 1901 is 7*0 per cent.

a

Week ending F e b r u a r y

Olearingi at—
1902.
N ew Y o r k ...................
P h i la d e lp h i a .............
P i t t s b u r g ....................
B a l t i m o r e .. . . . . . . . . .
B u f f a l o ........................
W a s h in g t o n ...............
A l b a n y ........................
R o c h e s t e r ...................
S y r a c u s e .....................
S c r a n t o n .....................
W ilm in g t o n ...............
B in g h a m t o n ..............
Ob e s t e r ........................
t t r e e n s b u r g ...............
W h e e lin g W . V a ...
W ilk e s B a r r a ............
T o t a l M id d le ..........

1901.

190*.

ending

F e b r u a r y 16.

Clearings at—

PU BLISH ED W E E K L Y .

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 st o r s ’ Su p p l e m e n t

NO. 1913.

15

1900.

B o s t o n .....................
P r o v i d e n c e ............
H a r t f o r d .................
N e w H a v e n ...........
S p r in g fie ld ..............
W o r c e s t e r ....... .
P o r t l a n d ............. .
F a ll R i v e r ...............
L o w e l l ........... ..........
N e w B e d f o r d ........
H o l v o k e ...................
T o ta l N ew E n g.
G h lo a g o ........................
C in c in n a t i...................
D e t r o i t . , ......................
C l e v e l a n d ...................
M ilw a u k e e .................
C o lu m b ia * ..................
I n d la n a p o lli..............
P e o r i a ..........................
T o l e d o .........................
G r a n d R a p id * ...........
D a y t o n ......................
E v a n s v i l l e .................
Y o u n g s t o w n .............
S p r in g fie ld , 111..........
L e x i n g t o n .................
A k r o n ..........................
K a la m a z o o .................
R o c k f o r d ....................
S p r in g fie ld , O h i o . . .
C a n t o n ........................
J a o k s o n v llle , 111.. . .
Q u i n c y ........................
B lo o m in g t o n ............
J a c k s o n .......................
A n n A r b o r .................
M a n s fie ld ............
T o t . M id . W e s t ’ n .

1899.

2,49V,325
1.620.288
1,4' 5,520
1.635,683
1,285,063
1.155,872
598.771
521,628
887,205
160,294,674

1,465.432
1,392 897
1,453,860
1,0/0,013
821.82H
542,819
525,400
802,859
150,711,768

152 359.133
18.630,860
10.800,000
11,908 768
0,779 334
6,499 100
5,002 838
2.867 038
8,148 190
1 856 244
1,392,779
822,855
541,954
423 380
544.491
572.000
463,892
379 70S
837,917
422 245
138,402
257,308
283.727
140.000
05 810
235.223

127,055 020
19,203 930
8,414 903
14 004 662
0,070 627
6 798 100
3,887 002
3,828 677
2,001,040
1,812,750
1,008828
793,785
S25 187
504 300
495,196
591.800
308.801
854 409
825 884
340.010
143.357
278 898
241 340

285,767,880

198,487,706

20,483.004
10,107,228
6,110,700
4,880 017
4 249,817
4,974,117
1 675,170
825,493
1,608,912
1,850,826
743,427
160.180

14 083 607
8 457.200
5 ,8 7 1 6 4
4 041,602
4.483,122
4,176.035
1,479,90S
770,000

Little Rook............
Chattanooga..........
Jacksonville..........
Beaumont,,
Total Southern..
Total a21............. .
Outside N. York
CANADA—
Montreal................
Toronto.................
Winnipeg..............
Halifax...................
Hamilton................
St. John..................
Vlotorla..................
Vancouver.............
Q u e b e c ..........................

Ottawa-................ .
Total Canada ...

113,876,100
5,263,000
2 024.129
1.440 220
1 581.857
1,894,185
1,299 581
038,508
584 112
408 858
290,000

123 0*0,234
16 521,500
8 200,180
10 834 212
0 , 198 802
4 902 200
3 111,487
1 701.068
1,913 868
1 250.661
941.112
849,905
324 817
800 802
489,711
424.000
817,801
293 3 '9
206,019
275,955
122 804
250.000
180,910

112491,191
12 743 900
7 078 601
8 ,0 1 0 1 2 5
5.590 057
8,051 900
2,114,525
1,740,704
1,575.268
050.003
893.078
485,148
878 453
404 745
357 999
337 800
254 912
231 400
336 44S
198.846
125,000

03,170

K a n s a s C i t y ...............
M in n e a p o lis ...............
O m aba
S t . P a u l ......................
D e n v e r ............. ..........
S t. J o s e p h ...................
D e s M o in e * .................
D a v e n p o r t ..........
S io u x C ity ..................
T o p e k a ...................... .
W i c h i t a ......................
F r e m o n t ......................
C o lo r a d o S p r in g * ...
T o t. o th e r W c » t ..

St. Louis................
New Orleans..........
Louisville..............
Galveston..............
Houston.................
Savannah...............
Rlohmond...............
Memphis,................
Atlanta...................
Nashville................
Norfolk...................
Augusta..................
K noxville..,..........
Fort Worth...........
Birmingham..........

I

120 208.658
6 668 600
2.815 874
1,673 522
1 ,2 v6,195
1,801.786
1,082 804
1,107.443
409 923
466,580
288 036
142,895,317

100,000

28.425 835
3.077.230
1 9 1 8 718
3,084 310
1,093.956
887,436
945,493
810,910
845,583
172.707
80.002,117

1,100,000

I

120,000

24,040 371
2.881.957
2 887 408
5,019 995
8.739,901
1,353,054
1,040,2)9
434.779
200,803
204,895
40,806 332

57,861 907

1 9 )0 .

2,181.881

S a n F r a n o l i o o .........
S a lt L a k e C i t y ..........
P o r t l a n d ....................
L o s A n g e la * .............
S e a t t le ..........................
S p o k a n e ......................
T a c o m a ........................
H e le n a .........................
F a r g o ............................
S io u x F a ll* .................
T o t a l P a c i f i c .........

M acon...................

*
P . Cent.
$
*
*
1.271.128,191 1,880,023,088
— 4*4 925 815,975
906,777.922
100 105,722
93,121 60*
+7 2
81.801,891
72 100,838
34,118 988
-9 * 0
20.470.011
87,756 839
89,041 806
21,477 604
—2*7
24.080 700
19 .9H .6 20
20 *01 7*0
4 320,229
4 908 430
-2 9
4.729 8 -9
4 090 235
8,856.687
2,775 408
+ 2 0 -9
1 850 200
2,320, ’ 50
2.798,727
2,7*9,407
-2 * 8
2,805,072
2,250,000
8 801 9 -2
1,8? 9 700
1 729 054
1,913.722
+80*3
1,459 952
1,020,801
+43*0
1,192 815
1,083 018
1,279,022
1,110,749
830,730
1,259,244
+1*0
928.1 «S
1,010,271
1,059 084
017 0*7
-1 2 4
803,800
846 aoo
— 12 2
890,600
807 400
281 008
275,000
+23*2
280.387
228 680
*95,110
+19 4
185,000
247,058
880,000
706 005
007,020
+ 5 -0
002.040 N o t In c lu d e a In t o t al.
1,446,419,108 1 500 027 8 /0
- 8 7 1,008 4 47 945 1.049 92* 106

7 m coo

*
140,125 278
6,849.000

183,153,874

1902.

P. Cent.

1901.

- 5 -7
+ 3 -9
+ 1 4 -5

+ li* 0
+0-9

+ 1 2 ‘5

+ 21-2
+ 4 0 -6

+ 10-8
-0 -7

4-11*5
-4 * 1
+ 1 0 -9
-8 * 5
+22*4
-1 8 * 6

+ 11*6
+ 12*1
+23*7

+ 2 <*2
+ 5 7 -3
+11*9

+88*1
+ 8*8

+00*7

-lb -1

+ 10*0
-

8*2

+51*9
+7*1

+3*7

+16*2
— 18*5
-5 * 9
+17*4
+10*7

+ 8*2
70,000
180,973,718

160.045,992

+ 2*7

19 227.049
2 030 042
1 701,922
2 530,614
10 51,9 48
1,241 804
795 055
506 2 0
285,615
108,341
30 225.000

10.763 500
1.805.549
1,040,850
1,048,819
1,264,458
1,088,220
664 369
555,489
270,640
117.945
25,709.875

—

8*0

+48*3
+ 0 -3
+3 8
+62*5

+ 10*1

—46*8
—14*2
+18*6

+11*3
+891
+ 20*6
+ 4*2
-6 * 9
-4 * 8
+19*1

+0*5

+ 20*1
+ 30*8

1,180,963
676,779
107,610
1 331 847
48,883 976

+29 0
+46*0
— 17*4
+18*8

18,018 270
18,405 256
10,368,192
12,029 891
1,069.207
2,686 700
1,800 000
1.600 826
723 494
707,691
733.055
002.927
475 810
472,848
027 070
788,610
1,084.987 N o t In c lu d e
__ LB0U.078 N o t I n c lu d e
29 180 OOO
88 16 0 ,1 8 9

129.558 523

+135*2
+14*9

1210.831

43,108.240
49 032 784
11.812 264
13.950,940
9 811 757
0.764 989
8.982.00U
8.902.500
6,900,000
3,850 157
4.205,740
8,109,011
8,522 817
3.817 982
8.244 482
8 096 473
2,800.920
2 615,708
1,643 288
1.68B 791
1.207.677
1,021.581
1,069 495
1,808,239
600,511
070.118
1,108,218
1,200,248
1, 000,000
1.013.500
710,000
043,000
065 996
881.959
476.130
488 988
832 878
895 930
428,801 N o t I n c lu d e d
'05.206 402
105,150,824
2,025,289,730 3,084 6 7 8 4 6 4
704.084,770
764,101.589

1893.

+ 20*0

+18*7
+18*1

-0 0
-0 * 5
+E3 0

-2 0 2
+8*4
-4 * 0

+10 6
-0 6
+26*0
—21*4

+ 81*0
+17*0
+ 1*4

10*2

—

+84*5
+2*9
+18*0
In t o t al.

+ 10*2
-

12,150475
8.948,773
5,684 058
4 ,1 0 5 .3 11
4.137 088
8,814 924
1,211,991
576,087
044 180
610 000
521,597
124,537

6,374.588
3.545.469
2.544,787
2 ,4 1 8 6 2 6
1,100 073
669,015
801,800
895 018
502 461
87,480

42 740 518

84.486.134

81 376.193
13.520 735
10,371,278
3 989 600
4,031,028
6,916.117
4,000 000
3 457 085
1,962 300
1,435 H20
1,419.970
1,764,959
633 949
700 405
800 C00
711 000
027 238
843 127
270 113

28.114.139
7 483,903
8,090,580
8,032.400
2,838.001
1.8 ,0 ,8 0 2
2.800.407
1,050 807
1.837,340
1.002,837
748.475
070 118
660,100
771 688
444 522
005,000
280 140
205 431
101,728

87 230 764

02,048,440

9.405,028

0,021.886

0*6 1.653 490,247 1,498 041.074

+7*0

027,188 272

607,258.168

18 710 977
0.478 748
1,692 311
1,257 897
091 784
590 4«2
590 289
708.140

19.884 032
0,003 703
1,870,040
030.482
052 098
666,128
678 420
580,504

98 not 499

20.090.238

a l.

al.

THE

398

CHRONICLE.

STREET R A IL W A Y SUPPLEMENT.
A new number of our S treet R a il w a y S upple
revised to date, is sent to our subscribers to
day. The editorial discussions in the S upplem ent
embrace the following topics—
mejst,

SANITATION IN 8TREET CARS.
VESTIBULE CARS.
SAFETY AT GRADE CROSSINGS.
THE METROPOLITAN AND DISTRICT RAILWAYS.

THE FIN A N C IA L

SITUATION.

Monday morning ushered iD, as a gift to New York
and the surrounding country, a big snow storm. At
this centre of trade there could be no more unwel­
come visitor. How to get rid of the burden is a prob­
lem the solving of which has never advanced a bit.
Imitating our forefathers, we still take the snow up by
spoonfuls, drag it miles and dump it into the river.
Of course, facing such a storm as that of the current
week, the machinery devised, being in the nature of the
case wholly inadequate, breaks down. Men and horses
working day and night use up their vitality in cleaning
a small patch that counts for very little com­
pared with the whole of the Greater City. With
such a trifling result the public, as might be ex­
pected, grumbles.
Y et no one is to blame but
ourselves— that is the people. A t every succeeding
failure, the lesson the incident teaches bears no other
fruit than simply an additional appropriation for car­
rying on the old method; that is, more money to be
sunk, with very small results. In this way the winter
passes, the public forgets it all until another winter
comes; and past experience is repeated. Is not this
about the only difficulty in the United States man
has been called upon to surmount, before which he
has stood utterly helpless, ingenuity throwing up the
sponge. Nothing will meet the conditions, as we
understand them, except putting a stimulus on
invention. The sale of the machine devised to do
the work will not pay the inventor for the
risk run in time and money spent perfect­
ing it. Our suggestion is, raise a fund— say
five hundred thousand dollars— put it into the hands
of Mayor Low or the Street Commissioner, or both, to
give as a bonus to any one who will build a mechani
cal device for removing any amount of snow from the
streets within a reasonable time, and demonstrate its
efficiency to the satisfaction of Mr. Low and the
Commissioner. The offer should include the reserva­
tion for the city of the right to purchase at a reason­
able price any number of the kind of machine selected
which might be needed at once or hereafter for the
Greater New York. We are willing to subscribe one
thousand dollars towards the fund. Let bigger men
do more, or let five hundred do the same.
With such a storm and with such a situation of
general discomfort as it produced, the natural out­
come in Wall Street on Monday would have been
irregular and at least moderately depressed Stock E x­
change values.
On the contrary, prices were up all
through the list. Tuesday morning also the market
continued advancing, but in the afternoon there was
a moderate set-back. A general influence helping to
cause both the rise and the set-back, was the fact that
on Monday it was reported that the Internal Revenue
Commissioner had determined not to enforce the tax on

[V O L.

L X X IV .

collaterals; whereas on Tuesday the Commissioner,
being in New York, is reported to have qualified
that statement by saying that the tax was in
abeyance fo r the time being to enable counsel
to prepare briefs; the Commissioner added that he
did not know what course he should pursue when the
briefs were presented. He further said that he might
ask the Secretary of the Treasury to request an opin­
ion from the Attorney-General, or might tell the
brokers to go to the courts for relief. These latter
affirmations would appear to indicate a procedure
which would leave the brokers in a prolonged stew.
As, however, on Monday the House of Representa­
tives passed unanimously and without debate the
measure repealing all the internal revenue war taxes,
it is hardly probable that this old sore will be permit­
ted to run much longer.
Thursday the market was given another and much
more severe set-back than that of Monday. It seems
that President Roosevelt some days since asked A ttor­
ney General Knox for an opinion whether the merger
said to be represented in the Northern Securities Com­
pany violated any provision of the Sherman AntiTrust law. Mr. Knox stated in response that in his
opinion it did. Thereupon the President instructed
him to bring an action to test the legality of the alleged
merger, and this determination was made public late
Wednesday afternoon. We do not understand how
the President becomes so conspicuous in the move­
ment. All the statements published by the daily
press put it in that form, although the law
does not mention that offioial, but merely says that
•‘it shall be the duty of the several District Attorneys
of the United States in their respective districts
under the direction of the Attorney General to insti­
tute proceedings,” etc. From what source the aui
mus comes which has given inception to the aotion
is a matter of no importance to any one except the
President; we are interested in it only to state our
authority for what we have said. The proceeding is
a severe blow to confidence, as was shown by the gen­
eral declines in values on the Stock Exchange Thurs­
day. Yesterday there was a recovery on the Ex­
change, there being good buying for London and
some activity in special properties. The proceeding
is very unfortunate, however considered, and we do
not believe it will add to the popularity of any one.
Mr. Schwab, President of the United States Steel
Corporation, arrived in New Y ork Sunday, after
spending a six weeks’ vacationjin Europe, having had,
as he says, a delightful trip while doing a good deal
of work. We are not surprised that he should reiter­
ate his opinion, expressed in Chicago some time be­
fore he left, that any combination organized on any
other basis than the reduction of cost and the increase of
output is acting on a false principle. Since his trip he
has become more than ever impressed with the truth of
that proposition, and returns with his ideas broadened
and his enthusiasm unbounded. We are now, he adds,
ready to demonstrate that the greater the scope of the
combination, the greater the possibilities for eoonowy
and consequently the greater the possibilities for the
reduction of cost.
This end he believes is to be
attained, though, only by keeping the corporation’s
plants equipped and manned to perfection, no proper
expense being spared to hold those plants up to the
highest point that ingenuity, skill and enterprise cau

February 22, 1902.]

THE CHRONICLE

reach. The proposition which has been suggested this
week, to issue another block of 5 per cent Steel Corpora­
tion bonds— giving to the preferred stockholders the
right to take a part of them in exchange for their
stock— would therefore appear to be designed for the
purpose of enlarging along the lineB of Mr. Schwab's
suggestion “ the scope of the combination” without
increasing the interest charge.
A city bond sale this week has been an event of in­
terest. Total offered for sale was $3,000,000 of 3|
per cents, of which $2,500,000 maturing November 1
1951 were for Rapid Transit construction and $500,000
maturing November 1 1942 were for the building of
the new public library. The sale was noteworthy for
several reasons. It was the first sale under the new
charter, and consequently what has been called the
syndicate system of bidding for “ all or none” was
eliminated. Furthermore, the preference, as Comp­
troller Grout stated in his advertisement, was to be
given as far as practicable to bidders for the smallest
amounts. Then again this was the first sale of bonds
by the new city g vernment. The results as now an­
nounced are that the total number of bids was 116
and whole amount of bids was $25,790,810, and the
average rate obtained was 107'508. Another feature
of interest is that the bids (aggregating $25,790,810)
show the continued abundance of capital seeking in­
vestment. This same condition is confirmed, as we
have several times remarked, by the quick absorptions
of large bond offerings which have been such a prom­
inent feature during past weeks. It is also seen in the
increased sales of bonds at the Stock Exchange. For
the week ending January 31 they reached $18,695,500,
week ending February 7 the total was $20,947,300, for
the week ending February 14 it was $21,469,000, and
last week, notwithstanding the snow storm which
kept investors away from the street, the total was
$22,542,500.
The reasons why the Government should lay a cable
across the Pacific to Hawaii and to the Philippines are
given in the majority report (made public at the close
of last week) of the House Committee on Inter-State
and Foreign Commerce. We have read them and it
seems to us that they can hardly be considered conclu­
sive by the majority of the public. The first reason
the report advances is that the United States
obligated itself by the annexation of Hawaii and the
Phillipines to maintain peace in the Pacific Ocean;
the future peace and prosperity of those islands will
largely depend upon the facilities extended for the ad­
vancement and enlightenment of the people there.
Suppose we admit the correctness of these state
ments; what bearing have they on the sub
ject so long as three private cable companies
are ready to lay cables without any grant from the
Government to those points, and also through to China,
and so save the $10,000,000, which is the estimated
coat of the work by our Government, and save also
the annual expenditure of $625,000, the estimated ex­
pense of maintaining it. The next argument is that
the Government should lay this cable because Great
Britain has constructed a Pacific cable from Van­
couver to Australia at a cost of $9,000,000. We
hardly see the force of that argument either; when
Great Britain laid the Vancouver cable there were not
three or even one private company ready to do it. So
far as we know, Great Britain has never spent public

399

money when it oould get private capital to embark
in any such industial enterprise. Besides, if she had,
it would be none the less unwise for us to do it, and
no basis for our action. France owns and runs her
railroads and runs them at a larger loss every year;
we see no reason in that why we should be equally
foolish. Another argument urged is that if we are
to continue to control the islands in the Pacific we
now own, the people must be made to understand the
character and purpose of our Government and feel
the benefits of enlightened civilization and American
liberty; this, we are told, can be accomplished
through the medium of cable communications. If
we had the power to discern how a government
cable monopoly (the report says it is going to be a
monopoly) can teach “ liberty” and the “ benefits of
enlightened civilization,” we might agree with the re­
port. Besides, of all monopolies we have ever known
we like least a government monopoly; it seems to ub,
if we may trust history, that government monopolies
have had closer connection with tyranny than with
“ liberty.”
There was no change in the official rates of dis­
count by any of the European banks this week, and
open market rates at the chief centres were easy,
and especially so at Paris, Berlin and Frankfort. The
bank statement which was issued yesterday (Friday),
Saturday being Washington's Birthday and a holiday,
showed an increase of $4,752,900 in loans, a gain of
$343,500 in specie; a loss of $398,900 in legal tenders
and a gain of $4,195,200 in deposits. The surplus re­
serve was reduced by $1,104,200, to $12,456,650.
The striking feature of the statement of the New
York Associated Banks last week was the expansion
of loans and of deposits to amounts hitherto unprece­
dented. The loans were increased by $13,498,700, to
$932,004,700, against $918,789,600, the previous high
record March 9 1901, and the deposits were increased
by $14,597,100, to $1,015,279,000, against $1,012,514,000 the previous maximum March 2 1901. Pay­
ments at the Sub-Treasury for unmatured bonds dur­
ing the current week were $188,976 88, making $5,820,822 07 since the beginning of the year.

Money on call, representing bankers' balances,
loaned at the Stock Exchange during the week at 2|
per cent and at 2 per cent, averaging about 2§ per
cent. On Monday and on Tuesday loans were made
at 2£ per cent and at 2 per cent, with the bulk of the
business at 2^ per cent. On Wednesday transactions
were at 2% per cent and at 2£ per cent, with the ma­
jority at 2£ per cent. 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 companies quote 2£ per cent as the min­
imum. Some time loans for large amounts
have been made by trust companies during
the week at 3-f- per cent for six months on choice
collateral. These transactions, however, were excep­
tional, and they do not represent the condition of the
market. Quotations on good mixed Stock Exchange
collateral are 3|@4 per cent for ninety days, 4@4|
per cent for four months and 4@4£ per cent for five
to six months. Commercial paper was dull through­
out the week and the Bupply and demand were only
moderate. Rates are 4 per cent for sixty to ninetyday endorsed bills receivable, 4@4£ ‘per cent for

400
prime and 6@5| per cent lor
months’ single names.

THE
good lour to

CHRONICLE.

[Y ol.

l x x iv

.

six following snows daily posted rates tor exchange by
some of the leading drawers.
FBI.,

MOH„

FBI.,

WTO,, Thub„

Tugs.,

Feb 14 Feb. 17. Feb. 18 Feb. 19 Feb. ao. Feb. 21,
The Bank ol England minimum rate ol discount
86
86 *
day*. tk i*~
86*
HSjtf
remains unchanged at 3 per cent. The cable reports drown Bro*..... {} 80
88
88
88
88*
Sight.... 489
88*
daring.
66*
(60 day*. 4 85*
88*
86*
86*
86*
discounts ol sixty to ninety-day bank bills In London
88
88
88
88
88
Magoau A Oo, 1Sight.... 489
88*
(60 day*. 4 85*
88*
86*
86
British
86
per cent. The open market rate at Paris is lank
88
98*
88
No. Amerlot,.. i Bight.... 4 89
88
88*
tank of
(60 day*. 486
86*
85*
85*
85*
86*
per cent and at Berlin and Frankfort it is 1
Montreal....... ) Sight-. 4 88
68
88
88
88
88
Bank ( ao day*. 486
86*
85*
86*
85*
85*
per cent. According to our special cable Irom Lon­ aoadlan
of Commerce.. ( Sight.... 4 88
88
88
88
88
88
86*
don the Bank ol England gained £616,068 bullion Seidel bach. lok- 1 60 day*. 4 06*
85*
86
86*
86
elheimer & Oo. i S ig h t.... 4 88
88
88
88*
88
88*
during the week and held £37,509,794 at the close ol .aaurd F re re * ... (60 day*. 4 85*
86
86
86*
85*
i B igh t,... 488
i*
88
88
8*
88*
the week. Oar correspondent further advises us that Merchant*’ Bk, (80 day*. 486
86*
85*
86*
86*
86*
of Canada..... 1S ig h t.... 4 88
86
98
8b
88
88
the gain was due to imports of £500,000 from India,
The market closed at 4 85@4 852 for long, 4 »7§ £
to receipts of £356,000 net from the interior ol Great
Com­
Britain and to exports of £240,000— £200,000 going to t 87f for short and 4 88©4 882 f ° r cables.
mercial
on
banks
4
84f
©
4
842
and
documents
for
pay­
the Cape of Good Hope and £40,000 to Malta.
ment 4 84@4 852
Ootton for payment 4 84@4 842,
The foreign exchange market was quite strong dur­ jotton for acceptance 4 84£©4 842 and grain for
ing the entire week, influenced by a scarcity of all payment 4 85©4 852

kinds of bills and also by a good demand for remit
tance, chiefly for the purpose of settling maturing
loans. There was a great dearth of commercial bills
against grain and cotton, and rates for these drafts
ruled very close to those for bankers’ sixty-day bills.
The easy discount rates at London seemed to stimu­
late an inquiry for long sterling and the steady de­
mand for short drafts, which were required for settle­
ments, caused the absorption of all offerings. Francs
and marks were more or less affected by the tone of the
market at Paris and Berlin for exchange on London. On
Thursday and on Friday there was a somewhat urgent
demand for sterling bills to remit for stocks sold in
the New Y ork market for European account. Early
in the week there were some indications that gold
would be shipped to Paris by Thursday’ s steamer, but
a rise in exchange at Paris on London prevented the
movement. Later in the week the Paris rate for ex­
change grew easier, though it was then not low
enough to j ustify engagements of gold for next week.
Bankers express the opinion that unless there shall
be a change in conditions gold will probably be e x ­
ported to Paris at least by Thursday. The Assay
Office paid $616,699 64 for domestic bullion. Gold
received at the Custom House during the week $154,402.
Nominal rates for exchange were uniformly quoted
after Monday until Thursday at 4 85£ for sixty-day
and 4 88 for sight. Then some drawers advanced
quotations half a cent. Eates for actual business on
Saturday of last week were steady for long and for
cables, at 4 8 4 f@ 4 84f for the former and at 4 8 7 f@
4 87f for the latter, while short was one-eighth of a
cent lower, compared with the close on Friday, at 4 87£
© 4 87^. On Monday rates rose one-eighth of a cent
all around, to 4 84|@4 84| for long, 4 87^@4 87f
for short and 4 87|@4 87f for cables, and the
market was strong, so continuing on the fol­
lowing day, when the asking price for all classes
of bills was advanced one-eighth of a cent; quota­
tions then being 4 8 4 f@ 4 85 for long, 4 872@
4 872 for short and 4 8 7 f@ 4 88 for cables. The mar­
ket was firm without quotable chaDg8 on Wednesday,
but on Thursday, influenced by a demand to remit
for stocks sold for European account, there was an
advance of one-eighth of a cent in the bid price for
long and for short, to 4 84|©4 85 for the former and
to 4 87|@ 4 872 for the latter, while cables were un­
changed at 4 87f@ 4 88. The market was strong on
Friday, at an advance of one-quarter of a cent. The

The following gives the week’s movements of money
to and from the Interior by the New York banks.
Week Ending February 21,1902.

lUceived by JMpvtd by
N. Y Bank*. N F Bank*.

Met Interior
Movement.

Iurranfiy..................... .................
told......... .................................

$6,364,000
1,437,000

40.306 OOC Loss. U,043,000
1,694,000 Loss
107,000

Total gold and legal tender*.....

$6,091,000

*7,900,000'

Loss. *1,209 000

With the Sub-Treasury operations the result Is as
follows.
Week Ending February 21, 1902.

Into
Ban ki.

Banks interior movement, as above
Sub-Treasury operations...............

$0,091,000
20,800,000

Total gold and legal tender*.....

*20,891,000

QUt ol
Bank i.

Set Change 4*
Bank Boldin#*.

*7,900 000 Loss *1,209,000
21,800 000 Loss 1,000,000
*29,100.000 Loss $3,209,000

The following table indicates the amount of bullion
n the principal European banks.
February 20.1903.

February 21, 1901.

Bank •/
Sold.

Silver.

Total.

Sold.

X

X

X

X

Silver.

Total.

X

X

87,509,794 85 099.574
Ingland...... 87,600,794 ......
35,099,574
franco........ 99.969.045 44,814,809 144,174,454 95 485 069 43,910,002 180.376,260
Germany...... 38,241,000 14,144,000 62,385,000 80,587 000 15 065,TOO 46,862,000
tuMia........ 71.094,000 7,108,000 78.197,000 78,028.000 6.575 000 79,008,000
kui.-Hung’y. 46,408,000 11,865,000 68,808,000 38.078.000 10.878 000 49 050,000
dpaln......... 14,044.000 17,400,000 31,504,000 14.001.000 10,409,000 80.470.000
;taly....... .. 15.919.000 2,132,400 18,041,400 15.573,000 1,859,000 17,433,000
(etherlandi. 6,730,800 6,469,100 12,199,9)0 5,083 000 5.095,TOO 10,728,000
lat Belg'na.. 8,083,883 1,641,067 4,826.000 2,895,000 1,448 000 4,843,000
noLthli week 331,984.572 104919970 430.904,548810 800.232 101883002 411,763.iH
Tot. nrev. w’k330,519,782 104110007 484.830,339307,855 4-9 100825446 408,880,935

THE R A IL W A Y P R O B L E M AND PO OLIN G.
The announcement this week of the contemplated
action of the Attorney-General of the United States,
at the instance of President Ejosevelt, against the
Northern Securities Company, and the extreme sen­
sitiveness which the stock market immediately dis­
played as the result oE the news, together with the
bills recently introduced in Congress which contem­
plate endowing the Inter-State Commerce Commis­
sion with extraordinary powers, demonstrate that the
so called railroad problem is still one of the most
vital and pressing questions of the day. Anything,
therefore, that tends to enlighten the public mind on
the subject is to he welcomed. There have been a
number of praiseworthy efforts in this direction
lately. Among the notable contributions to the dis­
cussions of the matter that have recently appeared,
to which we have not yet alluded, is the address made
about two months ago before the Kansas City Bar
Association by Mr. E. D. Kenna, the First VicePresident of the Atohison Topeka & Santa Fe Rail­
way Company. Mr. Kenna’s deliverance was an ex-

F ebruary 22, 1902.]

THE CHRONICLE.

401

ceedingly able one. Hia thoughtful and well-consid­ the Commission's recent report to Congress, but this
ered words deserve to be recalled at this juncture, latest document, containing merely a reiteration of the
when such persistent attempts are being made both statements and contentions contained in the previous
in and out of Congress to confuse popular opinion as fourteen reports, merely serves to give additional em­
phasis to Mr. Kenna's arguments. He urges with
to the real issues and the remedy to apply.
Mr. Kenna does not think the industrial phase of much force that inasmuch as the people have failed
the railroad is the most Important one. lie neverthe­ so far in their efforts to regulate the companies, and
less makes some observations tending to show what a as every remedy suggested except pooling and Gov­
prominent part the railroads play in our industrial ernment ownership has been tried, only these two of
life.
A million persons work for them constantly all recommended remain for consideration. And of
and 5,000,000 depend upon them absolutely, not these two the thought of Government ownership
oounting their owners. More than 100,000 men work cannot be seriously entertained except as a last re­
in the mines to furnish them with coal, and still more sort.
It is true, Mr. Kenna says, that the Commerce Com­
are daily toiling to supply the iron and steel that rail­
roads use. Three thousand square miles of land, he mission has not been given the power to fix rates; but
asserts, is laid bare each year to supply railroads with nearly every Western State Commission has. If such
ties and lumber— equal to a stretch of land one mile power was the correction claimed for it by its advo­
in width from Hew York to San Francisco. These cates they should be able to cite at least one instance
and many other workers, he well says, who furnish where it has been successful among the many where
railroads with supplies, must themselves be fed and it has been tried. The Commission has said the great
clothed. And so in time the expenditures by this in­ and so far irremediable evil is unjust discrimination.
That this class of offenses cannot be prevented by
dustry affect the income of nearly every one.
The ownership of railroads also concerns a vast giving to Commissioners the power to fix rates every
number. When we hear that a few direct the affairs one of his hearers he thought would know, for all
of all our great systems, we are apt to forget that the business between Kansas City and St. Louis is subject
owners are many.
“ There are more than 30,000 to the jurisdiction of the State laws of Missouri.
stockholders in one company whose line enters this These laws are certainly as comprehensive as any ever
city (Kansas City), and yet of its securities no single advocated by the Inter-State Commerce Commission,
one owns a fiftieth part.” Although there are $8, and yet it has not been possible to solve the problem
000,000,000 of railroad securities in America, Mr. as far as business within this single State is concerned.
Kenna believes the aggregate holdings of no thousand What justification, therefore, can be urged for apply­
individuals equal $2,000,000,000. And if inquiry be ing to the Nation a policy which has been experimented
made as to where the majority of such securities is with unsuccessfully by the States and found to be in­
held, the life insurance companies are found to own adequate. The truth is there is no connection be­
$540,000,000 and to hold $60,000,000 as collateral. tween the making of a rate and the keeping of it.
Therefore every insured person is directly interested The first is a function that will produce the same
in the prosperity of railway companies. The next results, whether exercised by a carrier or a commis­
largest class of holders is the savings banks and the sion. The people rightly declared that rates should
trust companies, whose holdings, while unknown, ex­ be reasonable and that unfair practices must cease,
ceed, he thinks, those of the life insurance companies. but they acted foolishly when they tied the hands of
He refers to the case of a single savings institution in a useful servant. “ It is poor policy to shackle even a
the city of Chicago, which owns over $8,000,000 of slave.”
such securities.
Stress is laid on the fact that competition means
Still, as already stated, he thinks such phases of the varying rates, seldom the same to-day as yesterday,
matter are of comparatively little consequence when and more rarely the same to all patrons. When we
the companies are considered in their public charac­ say that competition is the life of trade, we mean that
ter, He holds that the railroads should be regarded the bidding for patronage which is accompanied by
a public agency and their management a public trust. constant reductions, secret prices, discounts and pre­
He considers it as in the highest degree unfortunate miums is a good thing for the buyer. We mean that
that railroad officials did not recognize this before we want to be privileged to buy the same article on
they were forced to concede it, and he does not at all the same day at a lower price than our neighbor. And
hesitate to blame the managers for their early attitude we are willing that he may drive a better bargain than
of hostility to public interests and the mischiefs re­ we are able to secure. “ But when we apply in a
sulting from it. His view, however, is broad as well vapid way the same principle to a company furnishing
as comprehensive. The railway problem he conceives a public utility that all men use, we mean nothing of
to be how to restrain the carriers in the public interest the kind; which is another way of saying we don't
without unnecessarily crippling them as private indus know just what we do mean.” When the Inter-State
tries, and how also to provide an expeditious method Commerce Act forbidding pooling became a law, its
of determining the inevitable disputes that no law can ultimate consequences were not seen at once. For,
prevent.
while the railroads could not pool, they got together
He points out that it is more than a quarter of a and agreed to maintain rates. They did not agree to
century since the courts held that the companies advance rates, be it remembered, but only that they
were subject to public regulation. And yet the would not give rebates nor be guilty of unlaw­
evils set forth in the first annual report of the Inter- ful discriminations, and when rates were to be
State Commerce Commission (which was created in changed they would consult with one another. As
1887) as being the reason for the Commission's exist­ rates were rarely, if ever, increased, except to restore
ence tally exactly with those yet prevalent as stated them when they had been cut during rate wars, it
in the latest report.
Mr. Kenna's address, it is will be Been that these conferences related generally
proper to say, was delivered before the appearance of to propositions to maintain open rates.

402

THE CHRONICLE

Mr. Kenna then refers to the part played by the
Anti-trust Law of Congress and the decision of the
United States Supreme Court that this law applies
to the railroads. And he shows that it has led inevit­
ably to railroad consolidations on a large scale. ‘ ‘ Com­
manded to maintain rates and forbidden to agree to
do so ; told that stability was the one thing the public
required and that instability was the one thing it pro­
posed to have, the owners saw but one practical way
in which a company could do what it was commanded
to do and yet forbidden to do in concert with other
companies. Then began the movement whioh threat­
ens to terminate in a few men directing the affairs of
all the railroads in Amerioa. This is something the
owners do not want and which railway officials de­
plore.”
Proceeding along these lines Mr. Kenna urges that
there is no need for great consolidations if the people
will lay aside prejudice. All the roads require is to
be allowed to enter into those arrangements that will
lessen the cost of transportation and enable the lines
to agree upon plans that will prevent secret rate cut­
ting and secure stable rates. He lays emphasis on
one phase of the evils of unrestrained competition to
which ordinarily not much consideration is given.
We refer to the fact that reckless competition is ex­
ceedingly wasteful; that it adds to the cost of railroad
operations by the use of circuitous and expensive
routes, and in various other ways. He makes a state­
ment which ought to be an axiom, that it is the
people who pay for every unnecessary agency and
every unnecessary train. This being so, ought they
not to be willing to work for a cheaper service, pro­
viding it is also a better service? And lest there be
some fear that such a service might become inferior,
he cites instances to prove that it need not be. Be­
tween Boston and New York there is but one carrier;
between New Y ork and Washington there is but one
interest in control, and there is also but one between
Albany and New York. It can hardly be denied that
there is no better passenger service in America than is
.maintained by these three monopolies respectively.
The people would become indignant at the idea of
paralleling a canal, because in such case they would
be taxed to sustain an unnecessary public burden.
But do we not sustain every railroad and encourage
the construction of some that are not needed? Do
we not pay the cost of every train and yet insist that
they shall be duplicated without reason? The rail­
road always has been, and always will be, a monopoly
to the town that has but one road. There is practi­
cally but one line in Pennsylvania, and no State has
been so dependent upon cheap rates to develop its
industries— none more successful. It is admitted
that these conditions are not due to the generosity of
the carrier, but they ought to convince any one that
other causes than competition produce good service
and low rates. Mr. Kenna well says it ought not to
be necessary to argue that carriers should be allowed
io do their business in the way that is most economical
provided some public administrative body is given the
power to say how the savings effected by the main­
tenance of rates and the apportionment of traffic
.shall be divided between the shipper and the com­
pany.
In conclusion it is insisted that onr domestic com
amerce will not he free, or honest competition be per­
mitted to work out its own destiny, until there is but
one rate for all. The lowest rates that are possible,

[Von. LXXIV,

Mr. Kenna truthfully declares, cannot be secured until
the companies are relieved of every unnecessary
restraint and are left free to do their business in
the way most economical. “ We have proceeded„to
the point where it is our declared policy to regulate
the railroads— the foundation of that policy rests upon
the assertion that the railroad is a public agency and
its functions therefore governmental.
Advancing
with that policy, we either have taken or propose to
take from the companies those powers which every
other industry possesses, of fixing the price at which
it will sell its product, and to whom, and under what
conditions, it will sell at all. With this exercise of
great power let us not forget we have taken on great
responsibilities, and in asserting the right to control
we have inonrred the obligation of securing for these
public servants the same measure of protection ac­
corded all others. They required no assistance when
treated as private concerns, but now that we have
deprived them of the power to stand alone, it is unfair
and useless as well to command them to do so, for in
such case they must either assert the power we deny
them or fail to obey such command.”

AM ERICAN STEEL AND IRON.
Few more remarkable episodes have e?er been w it­
nessed in the history of modern trade than the
present movement in American steel and iron. It has
for more than a century been the habit of the markets
to accept the steel and iron trade as a sort of indus­
trial barometer— an index to commercial condi­
tions generally. If it is still a trustworthy sign
a very extraordinary position is certainly marked
out for American prosperity. And it is fair
to say that the iron market is quite as trust­
worthy an index now as it has ever been in the past.
Exceptionally large consumption of iron simply re­
flects confidence in the best-posted quarters that
demand for all other manufactured products will
continue. Iron is bought to build new houses, lay
new tracks, construct new mills,install new machinery,
provide new cars. None of these contracts would be
placed, especially when delivery is six to twelve
months away, unless there existed the best of reasons
for belief that the new materials, when at hand, could
be put to profitable use.
What the present situation proves is that use of iron
and steel in the United States has now outstripped
the capacity of American mills for quick production.
As we indicated in an article in our issue of February 1,
the country's iron consumption shows a steady and ex­
tremely rapid increase. In 1896 only 8,281,573 tons
of iron were consumed at home or exported; from
this the annual total rose to 12,233,579 tons in 1898,
to 13,967,727 and 13,411,531 tons respectively in
1899 and 1900, and to 16,250,727 tons in 1901. The
present year has opened with such a rush of orders
that the
estimate moves still higher.
On
the basis of the January furnace returns the
“ Iron A g e ” figures out that if the same demand
were to continue throughout the year, iron consump­
tion for 1902 would reach 18,000,000 tons. When it
is considered that this is an annual consumption very
nearly twice as large as America ever witnessed prior
to 1898, it is possible to judge what the figures
mean.
But even these figures do not tell everything. In
1901 imports of steel and iron into the United States

February 22, 1903.]

THE

CHRONICLE.

403

were small, as they had been in the years immediately energies to the securing of a permanent market and
preceding. The “ Iron Age” this week remarks that is hardly likely to be shaken by anything short of a
since the 1st of January purchases of fully 100,000 world-wide relapse in prosperity. As for that possi­
tons of steel have been placed on the foreign mar­ bility, it will be remembered that neither good times
kets. Bids for steel rails, sheets and bars, placed by nor bad times are •apt to coincide exactly here and
Business activity was at its height in
American interests in the English, German and Bel abroad.
gian markets, are causing advances in prices at the United States in 1901 when depression had
The present signs
those points which even the improving foreign spread throughout Europe.
financial situation had failed to do. It is no of the industrial world suggest that by the
in America iB slackening revival
doubt true that these bids represent the immediate time trade
wants of home consumers for whom the domestic mills in Europe will be fairly under way. This is the situ­
could provide six or eight months hence, though not ation of which the new management of the steel and
this season. Many consumers are offering premiums iron trade proposes to avail itself. It is an interesting
or placing urgent orders because they fear that later experiment, and may go far towards creating a new
needs cannot be filled when they arise. But it'comes order of things as compared with the era when steel,
to the same thing— an absolutely unshaken confidence as described by Mr. Carnegie, was “ always either
in the present soundness of the American trade prince or pauper.” The bearing of the new situation
situation. This movement, in our opinion, means on American trade equilibrium and sustained com­
more than the sudden increase in Europe’s iron mercial prosperity is too obvious to need remark.
production and consumption during 1898 and
1899.
PA N AM A AND N ICARAGU A ROUTES—
Thoughtful organs of the firon trade are quietly
COM PAR ATIVE ADVAN TAGES.
giving out the warning that the present pace may be
too fast to hold; that within the space of another
Assuming that the building of an Isthmian canal is
year production, stimulated by the new mills now in certain and that the choice has been narrowed to two
process of construction, may overtake and possibly routes, the comparative advantages of those routes
pass consumption. This is no unreasonable supposi­ may properly be considered, based upon the report o f
tion, and it would be no misfortune. The trade has engineers whose findings must needs be received as
had it pointed out this week, however, how even that conclusive. The first contrast noticed is that the
situation may be dealt with. When domestic demand Panama route is in the narrow part of the neck and
has risen to such a figure that English and German is greatly the shorter, the lengths being as 1 to 3 80.
manufacturers had to be called on to help our steel It is plain that the ideal canal is an open cut at sea
trade to its needed supplies, the position of America level, preferably with rock walls, and the shorter the
in the export market could not be very formidable. better ; cost of construction and cost and difficulties o f
A t other periods of this kind such a home demand maintenance, as well as time and hazards in transit,
has resulted in excited speculation, whereby a high must obviously increase with total length and with
level of prices, carried far into the future, shut out variations in level.
our manufacturers almost entirely from the export
As an alternative to cutting wholly across, it seems
trade and lost them their few foreign markets before like a natural aid to find in Nicaragua a lake and
prices had returned to equilibrium.
river which leave only about 17 miles as shown on the
There is no reason to suppose that anything of the map; but the total distance is 186^ miles, as against
sort is to happen now. The United States Steel Cor­ 49 by the lower route. From the lake to the Pacific
poration has laid a powerful restraining hand on price a cutting must be made equal to nearly a third of
excesses and is using all its enormous influence in the the total length of the Panama route; from the
trade to prevent any such movement. It is thus re­ Atlantic to the first available portion of the San Juan
taining the best of its foreign markets, even while the River a canal as loog as the Panama must be made ;
European steel-makers are selling to the American then there remains more than another distance equal
consumer. The moment that a reaction occurs in to this “ canalized river,” besides the transit across the
home demand, at precisely that moment American lake. As a convenient comparison of simple distances,
manufacturers will be prepared to extend their com­ we may say that the one route is four times as long as
petitive sales in neutral markets.
Mr. Schwab’s the other and involves constructing the other three
statement on this score had the ring of conviction. times over.
His conclusions, after inspecting most of the import­
Water is essential to a canal, but the Nicaragua
ant foreign works, were thus expressed in the inter­ route supplies too much of it, involving the main­
views given out after his arrival in this country last tenance of level in a lake 103x40 miles and having a
Sunday: “ The United States Steel Corporation is in superficial area nearly a third that of Lake Erie. The
business to compete for any trade that is to be had in Nicaragua levels are seven in number, with eight
the new countries, especially in the East and in South widely separated locks; the Panama has two levels
Africa. I told them [the British manufacturers] that and three locks, and its summit level is 20 feet lower
because of the improved methods and vast economies than on the Nicaragua. Nearly half the Panama
that are possible through the co-operation of so many route is in curves; on the other, the curved portion
companies under one direction, it would be possible (fully 2£ times as much in total length) is in the
for us to get the trade.’ ’
canalized section of the San Juan, which is exceed­
This is fair notice from a highly responsible quarter ingly tortuous; these curves are much sharper than
of the policy and purposes of the trade. The plain on the Panama route, except in a single case on the
enough inference from it is, that the American steel latter, which, however, is in deep water. In point of
industry is in a fair way to escape the violent convul total length, elevation, number of levels and locks,
sions which in the past have invariably followed an and number and sharpness of curves, the Panama is
active home demand. The industry has devoted its much the superior.

Jt04

THE CHRONICLE

Another contrast is interesting, at least. D a Lesseps,
upon insufficient study of the case, undertook a sea
level canal, which involved catting down through the
highest ridge. This was long ago abandoned as finan­
cially impracticable, and perhaps it will always be
economically so. But It is physically possible, so to
speak, to ultimately bring the Panama canal down to
this originally desired level; on the oontrary, an open
cut will be forever naturally impossible on the Nica­
ragua route, for a part of it is a lake 110 feet above
the level of the sea.
The financial comparison is that to complete the
remaining three-fifths of the Panama, including the
purchase money in the oase, will cost
millions less
than the Nicaragua Canal. There is also a difference
of $1,300,000 in annual maintenance in favor of
Panama; capitalize this at three per cent, and it is
equivalent to a further difference of 43^ millions of
first cost in favor of Panama.
The Panama region is also better known, and the
engineering problems there have had the benefit of
the labor and time already expended, so that there are
more established data. The proposition carries owner­
ship of the Panama railroad, which, although not a
valuable property intrinsically, is essential to con­
struction and maintenance of a canal; so if the Nica­
ragua route is chosen the Government must begin by
building a railroad, whereas at Panama there is one
already. The problem of harbors is less severe on the
Panama route. As to sanitary considerations, there is
no wide room for choice; one member of the commis­
sion recently said in public that the Nicaragua
country is at present less unfavorable in this respect,
because nothing has occurred there yet to bring to ­
gether any considerable population, but that in either
country the case resolves itself into strict enforce­
ment of a system of sanitation.
Geographical position of course has to be con­
sidered, The Gulf States are supposed by some to
strongly favor Nicaragua, considering that there is
some advantage to themselves in the greater nearness
of that route. We do not perceive how such a notion
is founded. Vessels to or from the Atlantic coast
would naturally pass eastward of Cuba, and to or
from the Gulf States westward of it, for either canal
route; hut both canal routes are on the Caribbean
Sea, not on the Gulf, and from all directions the lines
of approach would converge closely, since the two
ports on the Atlantic side are comparatively not far
apart. The Nicaragua route, however, bears north­
west and the Panama a little east of south, the
latter also emerging so that the conformation of the
coast adds some disadvantage as respects distance be­
tween the east and west shores of the United States;
a ship going between those shores, therefore, bears
away from rather than towards her destination while
in transit on the lower route, if we imagine that the
two are open. On the other hand, there is a marked
difference in time of transit, which is 111 hours by
Panama and 33 hours by Nicaragua, so that if two
similar 18 knot vessels bound from New York to San
Francisco entered the respective ports at the same
moment the Panama one would be 22 hours, or 378
knots out on the Pacific when the other emerged. So
far this is an offset to any unfavorable trend in the
line of travel. Moreover, there is a perpetual offset
in the difference in the “ danger zones” — that Is, the
time and distance of the vessel above tide level, and
this always involves hazards. The danger zone on the

[V ol. LXXIV.

Nicaragua route is 176 miles, against 23£ on the other.
The question of Insurance is not to be overlooked,
and also the comparative risks involved in the transit
of naval vessels.
Between Gulf ports, or Atlantic ports and our Pacific
coast, the Nicaragua is evidently the shorter line; so
between those ports and the Orient. Bat between
Gulf or Atlantic ports and the west coast of
South America the Panama is the shorter. The Com­
mission allows a day's time saved by the upper route
between all Atlantic and all Pacific ports, and two
days between Galf and North Pacific p orts; but be­
tween Gulf ports and Western South America, one
day, and two days between Atlantic ports and West­
ern South America, in favor of Panama. Bat this is
predicated upon an uninterrupted passage, and the
Nicaragua route is on the whole more exposed to de­
lays, especially in case of high powered fast steam­
ships.
It is unnecessary to discuss the political status of
the two routes, and all argument about concessions
and the ability of the French company to convey a
good title is irrelevant to an inquiry into comparative
advantages of the two routes. It is to be assumed
that the two will be put on an equal footing in this
essential particular. If they are not, and if it were
impossible to arrange a suitable status for the more
favorable route, the force of circumstances would
compel resort to the other. In fact, this resort has
already been compelled, for the Commission, while
considering the Panama route preferable (and saying
so) reported for the other, because of the impractic­
able price demanded by the French company. They
are not inconsistent now in reporting for the Panama
route, for they only conform to the changed situation.
It is evident that the prospect of the Nicaragua un­
dertaking is the cause of the later offer to sell at the
Commission's own figure. The Commission now re­
turn to what they originally preferred but were un­
able to obtain.
Any plea that this country is seeking or is willing
to take advantage of the extremity of a friendly
nation is destitute of foundation. This country has
no responsibility whatever for the mistakes and
miseries of the Be Lesseps enterprise; our right to
buy the existing property at our estimated value for
our purposes, or to pass it by and dig out a canal any­
where we choose, is complete in law, in business and
in morals. There is no debt and no obligation of
morals or of entente cordiale involved. This does not
seem to need more than the simple statement.
Nor is there any foundation for any talk about an
“ American” canal. De Lesseps and France have
been so long associated with the Panama enterprise
that there is a temptation for persistent advocates of
the other to appeal to feeling, but this is without
justification. Historically, both plans are old. The
Nicaragua route has been surveyed three times in the
past half century by Americans, and two commissions
prior to this present one have considered it; but the
Panama route also was surveyed by an American
some years before the French appear to have first
turned their attention to it. Be Lesseps came to the
undertaking with the eclat and enthusiasm begotten
by the Suez Canal, but the fact that France com­
menced work while the United States had not yet be­
gun to care about a canal or even to be quite as
sensitive as now about the Monroe dootriue is a very
poor reason for considering this route in any aeuse a

THE CHRONICLE

F ebruary 22, 1903.J

foreign affair. If constructed, the Panama Canal
will be on the continent of America, will bo due to
American resources, and will be as truly American as
if no European foot had ever been on the ground.
Certainly the only rational course is to choose the
route which is the better, all things considered.
Prejudice and determined advocacy (if any exists)
should be laid fully aside. There is no just room in
the case for “ claims,” and none for merely sectional
interests. The project is the largest ever undertaken
by this country, and there is some room for regret
that the situation compels such an extension of gov­
ernmental work. The least we can reasonably do is
to make the case one of engineering and finance, and
to treat it exclusively on business considerations.
RAILROAD GROSS AND NET EARNINGS
FOR DECEMBER.
In presenting to-day our compilation of railroad
gross and net earnings for December, the only fact of
importance to note is that improvement in gross is
found to be much smaller than heretofore, while in
the net there is actually a small decrease. The addiicn in the case of the gross is $3,415,688, or 3 43 per
cent, the loss in the net $468,601, or 1'35 per cent.
As we have become quite unaccustomed to anything
except extremely favorable comparisons, it is proper
to say that no special significance attaches to the
deviation from the ordinary on this occasion. The
weather during December, as we pointed out In our
article on January 18th, was decidedly unpropitious,
two storms of wide area having swept over the country
and impeded railroad operations and added to ex­
penses. Besides this there was a falliDg-off in the
grain movement as a whole in the West, though the
roads in the Northwest had the advantage of larger
spring-wheat deliveries.
I n c . o r Dec.

M on th o f D ecem b er.
(108 roads.)

1901.

Operating expenses..........

1900.

A m o u n t.

P e r Cent

1
103.013.01t
68,681,711

*
99,597,327
61,797,421

*
+S, 41', 688
+3,884,289

S-43
5*99

31,331,301

31,799,906

—468,601

1 35

405

I n creaaea.
Kan. City Southern..
Colorado A Southern.
Baltimore A Ohio........
Hurl. Cod. Rap, & No..
Bull'alo Rooh. A Pitts.
Pere Marquette...........

D ecrease*.
$ 5 1 ,6 7 4
51,3 1 9
60,214
$46 ,1 7 6
35,181
33,375

Total (representing
35 roads)............. $4 ,8 8 8 ,1 6 8
O ocreniicR .
R eading..........................
$72 6 ,1 8 6
Cell. V .R R . and L.V.O.
252.665
8t. Louis Southw est...
138 ,7 0 0

Northern Central........
E rie...................................
Chesapeake A O h io ...
Yazoo * Mine. Valley.
8t. Route A Han Fran.
N. Y. Masque. A Went..
Olev. Oln. Ohio. AHt. L.
San Ant. A Ar. Pane..
Phlla.Wllinlrig.A Halt.
Norfolk A W estern___

$113 ,800
82,724
73,912
72,876
55,026
63,537
49,214
45,473
42,8 0 0
87,714

Total (representing
15 roade)................. $ 1 ,744,627

t Covers lines directly operated east and west o f Pittsburg and Erie.
The gross on Eastern lines decreased $ 9 5 ,3 0 0 and the grogs on
Western lines Increased $278 ,600 .
PRINCIPAL CHANGES IN N E T EARNINGS IN D E C E M B E R .

In crea se*.
Atoh. Top. A Santa Fe.
Mexican Central..........
Northern Paolfio..........
Union Paoiflo.................
Canadian Paoiflo.........
Bur. Oed. Rap. A N o ..
Ohio. Burl. A Quincy . .
M ln n .S t.P .A S .S te .M .
Rio Grande Western .
Southern Paoiflo.........
Mo. Kansas A T e x a s..
Sav. Fla. & W estern ..
Ohio. Mil. A St. P aul..
Kan. City Southern...
Total (represent­
ing 19 roads)...

D ecreases.
$ 230 ,490
197,184
179,922
178,093
130 325
109’537
106,288
95,324
93.226
87,333
83,836
56,191
51,508
39,025

$ 1 ,638,282

D ecreases.
li6 h .V a l.R R .A L .V -0 .
Reading...... ...................
8t. Louis Southwest...
Ht. Louis & San Fran ..

$ 313 ,956
207,438
174.766
157,356

Erie ..................................
Northern Central........
Yazoo A Miss. V alley.
Oleve.Cln.Chio.A St.L.
Pennsylvania!..............
Southern R a ilw ay ___
Chesapeake A O h io ...
Phil. Wilm ing. A Balt.
Chicago A A lto n .........
Louisville & Nashville
Hooking Valley............
N. Y . 8usque. A W est.
Pere Marquette............
Pitts. A W estern..........
Chicago R. I. A Pacific
Ohoo.OklahomaAGulf
A n n A rbor......................
N. Y . Ont. A Western.
Wheeling A L. E r ie ....
W. J e r s e y * Seashore.

$118 ,168
110,200
108,979
98,338
97,100
88,708
7 7 ,129
5 0 ,4 0 0
48,7 8 0
48,4 4 2
42,9 8 3
4 0 ,619
40,171
39,698
3 9 .567
38,865
37,488
36,319
34,124
31,100

Total (representing
3 0 roads)............ $ 2 ,0 8 0 ,6 8 4

t Covers lines directly operated east and west of Pittsburg and Erie.
The net on Eastern lines decreased $ 2 2 0 ,4 0 0 and the net on Western
lines Increased $12 3 ,3 0 0 .

When arranged in groups ail the groups in the
Eastern half of the country show losses in net, whi’e
those in the Western half are not distinguished in
that way, which seems to indicate that bad weather
was much less of a feature with the latter.
SUMMARY BY GROUPS.
SICTION OB
Gr o u p .
D ecem ber.

Trunk linea.dO
Anthra. coal 6
Bast. & Mid. (14)
Mid. W est’n.(16
Northwest’n (l2)
Southwestern <£
South Pae.(20)
North Pacific (4)
Southern ...(24
Mexican. ....|2 '

Gross E a rn in g s.

1901.

1900.

1

1

N e t E a r n in g s .

1900.

1901.

I n c . or D ec.

22,039,001 22,483.783
9.569,769 10,688,705
2,684,991 8,704,919
7,557.70- 7,343,878
18,419,26' 12,686,818

$
6,964,021
1,399,662
686,049
8,414,167
4,729,701

$
7,204,839
1,997,894
882,356
2,690,028 \
4,410,2JT6 \

20,003,441 18,706,-09
11,116,183 9,541 493
13.843,217 13,692,970
2,219,37t
1,847,057

7,383,278
5.043,840
4,873,832
836,189

7,243,29 J 1
4 553 593
6,0(1,831
600,708

*
—300,818
—598,332
—195,707
—276,401
+319,486

P. 0 .
4*13
29 95
32 18
10 27
724

1

Total (lC 8r’<is, 108,018,016 99 597,327 34,331,3u5 34,799,900,

STEMS A B O U T BAN KS. B A N K E R S

+134,907
1 86
+49c-,253 10-77
—217,999 4*28
+ 175,481 2 f 5 6
-168,001

1 35

AN D T R U S T GO'S,

—The auction sales of bank stocks this week aggregate 349
One further fact should be borne in mind, namely shares. The transactions in trust company stocks reach a
that comparison is with totals of earnings which had total of 99 shares. No sales of either class have been made
been steadily rising in all the years back to 1896, as at the Stock Exchange. An advance of 116 points over the
price paid at the last previous sale is shown by the sale of 27
will appear by the following.
shares of Manhattan Trust Co. stock at 550. Stock of the
Real Estate Trust Co. sold at 4123^ as against 355 in Febru­
G
rots
E
a
r
n
in
g
s
S
e
t
E
a
r
n
in
g
s
.
Y e a r and
ary of last year. In the “curb” market sales were made of
N u m oer
Y ea r
Y ea r
Y ea r
Y ea r
In crea se or
In crea se os
o f roads.
stock of the National City Bank at 595 and of the National
G iven .
Precedin g. D ecrea se.
G iven .
P reced in g
D ecrea se
Bank of Commerce at 350.
D ecem ber
1
%
t
4
*
*
1805
1896
1897
1898
1899
1900
1901

(137) 58,332,246
(188) 5 1,227,519
(134) 72,432,890
0 2 6 ) 76,629 471
(116/ 84.787.863
(124) 97,28 i 2 2 1
(108/ 103,013 OR;

52,704,781
55,865,188
63.813.016
71,780 99-t
77,255,989
87,406,868)
99,597.327

+5,677,463
—1,687,619
+8,619,844
+4,848,477
+7,631*90'
+9,876,351
+ 3 ,4 (5 ,6 8 8

19,627,607
18.270,420
24,256,754
25 393,410
23,820 830
33,920,110
34,331,805

16.584,851
8,351.714
20.465,428
23,762,677
25.743.767
29,964.709
34.799,900

42,942,816
-8 4 ,8 2 4
+3,801,320
+1,630,709
43,077,073
+8,966.401
— 408,601

The separate roads naturally reflect the character
of the general results; while there are many gains,
there is also a large number of losses. The following
shows all changes in gross and net exceeding $30,000,
whether gains or losses.
PRINCIPAL CHANGES IN OROSN RARNING8 IN D R O G IU B R B .
■n c r e a » e i .
Northern Pacific..........
Southern P acific..........
AtX;h. Top. A Kant,a Fe.
Canadian Pacific.........
Mexican Central.........
U nion P a cific.................
Chic. Mil, A St. P a n t.
Penney] vanla t .............
Ohio. Burl. At Quincy
Illinois Central............

$798,723
8 3 7 ,7e9
1172.324.
508,822
300,112
273,751
203,321
183,300
146,549
14 5 ,4 19

Increame*.

M ln n .St.P .A K .K teM ..
Central of Georgia___
Rio Grande W estern ..
Ohio R. I. A Paoiflo..
Choo.OklahomaA H alf
Mexican Intcrnat’ l__
UtulHvllle A Nashville
Hav. Fla. A W estern..
Chic. Great W eetem ..
Wabash............................

$124 ,573
116,215
96,404
96,254
91,144
72,206
70,046
62,24 6
61,971
56,105

Mkarct.
10
5
2
15
30
40
200
10
10
10
17
35
5
27
5
17
10

B a n k s —New York.
American Exchange Nat. B k ..
Citizens’ Bank, National............
City Bank, National....................
Corn Exchange B a n k ...............
Importers’ & Traders’ Nat. Bk.
Irving National Bank.................
Mechanics’ A Traders’ B a n k .. .
Mount Morris Bank....................
North Amerioa, Nat. Bank o f.
Park Bank, National...................
B a n k —Brooklyn.
Mechanics’ Bank. I....................
T r u s t C o m p a n ie s — Y ew Y ork .
America, Trust Co. o f...............
Central Trust C o...........................
Manhattan Trust Co...................
Morton Trust Co..........................
North American Trust C o........
Real Estate Trust Co...................

Price.

L ait previous tale.

275
225
600
145
650
240
160
225
3u0
645ifii

Feb.
Feb.
Feb.
J an,
Ja,u.
Dee.
Feb.
Jan.
Jan.
Jan.

1902—
19021902—
1902—
19021901—
19021901—
1902—
1902-

275
2261*
600
447%
025
203
180
192
351
650

218%

Deo. 1 9 0 1 -

217%

26731-270
1931
550
1100
260
412%

Feb.
Feb.
July
Feb.
Feb.
Feb.

1902— 270
1902— 1926
1 9 0 1 - 434
1902— 1100
1902— 260
1901— 355

—Recent applications to individual holders of shares of
the National Shoe & Leather Bank, offering to purchase the
same and naming a price in excess of the quoted market
value, would seem to indicate that the efforts to secure con­
trol of the institution have by no means been abandoned.
Some mom ha ago the Chemical National Bank and later the

406

THE

CHRONICLE

National Broadway Baak had the purchase of the Shoe &
Leather under consideration, bat then the price at which
the stock was held was regarded as too high and further
negotiations were suspended. It is quite possible that they
have now beau re opened, at least by one of the banka named,
— James G Cannon, Vice President of the Fourth N a ­
tional Bank, whe has baea coafiaed to his home for some
weeks with a severe attack of bronchial-pneumonia, has
now entirely recovered, aud he has resumed his duties at
the bank,
—The building at the corner of W illiam Street and Ex­
change Place, now occupied by the Bank of the State of
New York in liquidation, which property, together with
adjoining sites on Exchange Place extending through
to W all Street, was bought by the W all Street E x­
change Building Association for the purpose of erect­
ing a modern office structure thereon, with banking
room for the National Bank of North America, as noted
in this department November 28, has been sold to
the Atlantic Mutual Insurance Company, whose build­
ing occupies the remainder of the W illiam Street side of the
block. The improvement of the property on the corner of
Exchange Place, as contemplated by the W all Street Build­
ing Association, would have necessitated the closing of the
windows on the rear of the Atlantic Mutual building and
therefore the insurance company was compelled to buy the
site in order to protect its interests.
It is admitted by
Mr,
Anton
A,
Raven,
President of
the
Atlantic
Mutual Insurance Company, that about $1,000,000 was
paid for
the property
now bought
by them
as
above noted. The Bank of the State of New York
has a frontage of 41-5 feet on W illiam Street and a depth of
SO 7 feet on Exchange Place, making approximately 3,333
square feet, which would make the price paid per square
foot $300 08, a rate which has been exceeded but twice in
the history of New York real estate transactions, J. P.
Morgan & Co., it is said, paid $348 per square foot for part of
the property corner W all and Broad streets and the owners
of the Wilks Building, on the southwest corner of W a ll and
Broad, paid at the rate of $330 per square foot for part of
tneir site.

|Vo L. L X X I V .

largest of any similar institution in the city or the country.
The deposits in trust at the last report were $72,044,185, and
the last quotation for the stock was $1,675 per share,
— A. B, Hepburn, Vice-President of the Chase National
Bank and Chairman of the Clearing House Committee on
Taxation, has issued the following statement relative to the
tax on the undivided profits of banks :
T h e p re s e n t C o m m issio n e r o f In te r n a l R e v e n u e r e c e n tly re v e rse d
th e ru lin g o f his p re d e ce ssor, and h eld th a t u n d ivid ed p ro fits, as w e ll
as c a p ita l a n d s u rp lu s, w e re lia b le to a ta x o f $ 2 p e r th o u sa n d u n d e r
th e in te r n a l R e v e n u e A c t p a sse d d u rin g th e S p a n ish w ar. T hereu p o n
a c o m m itte e re p r ese n tin g th e c le a rin g house asso cia tio n s o f S t. L o u is ,
C h icago, B a ltim o r e , P h ila d e lp h ia , N e w Y o r k a n d B o s to n , o f w h ich
J. B . F o rg a n o f C h ic a g o , w as C h a ir m a n , S tep h en B a k e r, re p r ese n tin g
N e w Y o r k , c a lle d u p o n th e C o m m is s io n e r, r e p r e s e n tin g th e in te re sts
o f th e b a n k s. A n a g re e m e n t w as re a c h e d w ith h im n o t to e n fo rc e th e
t a x p e n d in g a ju d ic ia l c o n str u c tio n o f th e sta tu te , th e C o m m issio n e r
in th e m ea n tim e re q u irin g th e b an k s to m a k e a r e tu r n o f the a m o u n t
o f th eir u n d ivid ed protits u n d er th e s ta tu te , u n d er p ro te s t, le a v in g the
p a y m e n t o f the t a x in a b e y a n c e p e n d in g th e d e o is io n o f th e o o a rts.
N o n e o f th e su its alre a d y p e n d in g in v o lv e d e ith er a n a tio n a l or S tate
b an k .

I t w a s d e sir a b le , th e re fo re , to h a v e so m e b a n k p a y th is t a x

u n d er p r o te s t an d b rin g su it ro re c o v e r th e s a m e , In ord e r to o b ta in a
ju d ic ia l c on stru ction w hloli w o u ld a p p l y to th e b a n k s o f th e c o u n try
ss a w h ole.

M y r o n T. H e rrlo k , P re sid e n t o f th e A m e rio a n B a n k e r s ’

A s s o c ia tio n ;
F . G . B ig e lo w , P re sid e n t o f
th e F irst N a tio n a l
B ank o f M ilw a u k e e an d C h airm an
o f th e E x e c u tiv e O ounoil
of

th e

A m e r io a n

B a n k e rs’

A s s o c ia tio n ,

an d

A.

B.

H epburn,

C h a irm a n o f th e C o m m itte e on T a x a t io n , w e re c a lle d in co n su lta tio n .
I t w a s d e te rm in e d t h a t in so m u o h a s th e q u e stio n a t is s u e In v o lv e d a ll
th e b a n k s o f th e o o u n try , it w a s p ro p e r an d rig h t fo r th e A m e r ic a n
B a n k e r s ’ A s s o c ia tio n as su c h to a ssu m e th e re sp o n sib ility an d e x p e n s e
o f th is litig a tio n . T h e L e a th e r M a n u fa c tu r e r s ’ N a tio n a l B a n k o f th is
c ity , b e in g on e o f th e o ld e s t, s tro n g e s t and m o s t c o n s e rv a tiv e ly m a n ­
a g e d in s titu tio n s , waB d e e m e d a d e sirab le b a n k to b rin g th is a c tio n .
T h e officers o f th is a s s o c ia tio n , b e in g c a lled u p o n ,v e r y k in d ly an d p a tr i­
o tic a lly c o n se n te d to do so in th e in te r e s t o f th e b a n k s o f the c o u n try
as a w h o le . M r. Y e r k e s , th e C o m m is s io n e r o f In te r n a l R e v e n u e , w a s
c o n su lte d an d c o n fe rre d w ith , a s w e ll a s C o lle c to r T re a t o f th is c ity .
G ifford , S te a r n s & H o b b s w e re re ta in e d a s a tto r n e y s , an d u n d er th eir
cou n sel an d d ire o tio n r e tu r n o f th e u n d iv iv e d p rofits o f th e L e a th e r
M a n u fa c tu r e r s ’ N a tio n a l B a n k h a s b e e n m a d e , th e t a x th e re o n p aid
u n d er p r o te s t, p ro p e r d e m a n d fo r it s r e -p a y m e n t m ad e an d a su it w ill
im m e d ia te ly b e c o m m e n c e d . T h is su it w ill in v o lv e a ll q u e stio n s a t
is s u e , and it is e x p e c te d th a t th e G o v e r n m e n t a u th o ritie s w ill fa c ili­
ta te it s tr ia l a n d d e te rm in a tio n .

The blank form of return furnished by the Commissioner
of Internal Revenue, literally complied with, would neces­
sitate the banks swearing to the amount of: their undivided
— It was announced on Tuesday tnat John A . Stewart,
profits and in addition thereto that such undivided profits
President of the United States Trust Company, had decided
were liable to taxation under the terms of the Internal Rev­
to retire from that position, and that, as soon as certain for­
enue A ct. Accordingly Messrs. Gifford, Stearns & Hobb3
malities required by the by-laws could be complied with,
have prepared a form to be pasted on to the blank form fur­
Hon. Lyman J. Gage, late Secretary of the Treasury, would
nished by the Commissioner.
take the presidency of the company. Mr, Gage will be
—The bill recommended by Governor Crane for the separa­
nominated a member of the Board of Trustees at the regular
meeting in March and at the succeeding regular meeting in tion of savings and national banks in Massachusetts came
April he will be chosen President. Mr. Stewart became con­ up for discussion in the House of Representatives on Tues­
Several amendments were suggested, but all were
nected with the United States Trust Co. at its organization day.
in 1853 as the Secretary. He remained in that position until voted down, and the bill passed the House without a division,
August 29, 1864, when he was appointed United States A s­
sistant Treasurer at New York, resigning June 22, 1865. He
was later elected President of the United States Trust Co, in
place of Joseph Lawrence, the first President, who died.
The following is Mr. Stewart’s letter announcing Ms retire­
ment, which was presented at the special meeting of the
trustees on Tuesday:
“ G e n tlem en . - I t is a sou rce o f deep re g r e t to m e th a t, o w in g t o an
a c c id e n t fr o m w h ic h I a m s till con fin ed to th e h o u se, I am u n a b le to
m e e t w ith y o u to -m o rr o w a t th e sp e c ia l m e e tin g o f th e b oard c a lled to
con sid e r a m a tte r o f su c h gz*eat im p o r ta n c e to th e c o m p a n y .
“ O w in g to m y a d v a n c e d y e a rs £ h a v e fo r so m e tim e b e e n se rio u sly
c o n te m p la tin g th e im p o r ta n c e o f in s ta llin g a su ita b le su c c e sso r to m y ­
s e lf in th e p resid en cy o f th e o o m p a n y , b u t u n til v e r y r e c e n tly I h a v e
b een u n a b le to su g g e st a n y on e fo r th e p o sitio n . W ith in th e p a s t fe w
w e e k s, h o w e v e r , i t h a s o c c u rr e d to m e th a t p o ssib ly th e H o n . L y m a n
J . G a g e , th e la te S e c re ta r y o f th e T r e a s u r y , m ig h t b e a v a ila b le fo r th e
p o s itio n , an d i t affords m e g r e a t p le a su re to s ta te th a t a fte r c o rre s­
p o n d en ce an d p e rso n a l c o n fe re n c e w ith h im , h e h a s b een p re v a ile d
u p o n to s ig n ify h is w illin g n e ss to a c c e p t th e p re sid e n c y , s h o u ld it
m e e t w ith th e entire c o n c u rr e n c e o f th e b oard. I a m c o n v in c e d t h a t
M r . G a g e is a d m ira b ly fitted fo r th e p la c e an d b e lie v e th a t u n d e r his
g u id a n c e th e p r o sp e r ity o f th e o o m p a n y w ill c o n tin u e in in cr e a sin g
m ea su re .
“ T h e ste p s w h ic h I h a d assu m e d th e lib e r ty o f ta k in g in th is m a tte r
h a v e m e t w ith th e a p p r o v a l o f e v e r y m e m b e r o f th e E x e c u tiv e C o m ­
m itte e , an d w ill. I tr u s t, h a v e y o u r u n a n im o u s a p p r o b a tio n . C ertain
fo r m a litie s , e x te n d in g o v e r tw o su c c e ssiv e m o n th ly m e e tin g s o f th e
b o a r d , a re req uired b y th e b y -la w s to e le o t a tr u s te e , so th a t the
ch an g e in th e p re sid e n c y c a n n o t b e a c c o m p lish e d e a rlie r th a n th e
A p r i l m eetin g.
“ M y o b je o t in c a llin g a s p e c ia l m e e tin g a t th is tim e h a s b e e n to a c ­
q u a in t the b oard c o m p le te ly w ith the w h o le s itu a tio n . A w a it in g , w ith
d eep in te re st, th e r e s u lt o f y o u r a c tio n , an d tr u s tin g th a t y o u w ill c o n ­
firm an d toe in e n tire a ccord w ith th e v ie w s herein e x p r e s s e d ,
“ I re m a in m o st g r a te fu lly y o u rs,
“ J ohn A . St e w a r t .”

The United States Trust Co. has a capital of $2,000,000, and surplus and undivided profits of $11,696,629, the

— The proposed increase in the stock of the Commercial
Trust Company of New Jersey, Jersey City, was ratified by
the stockholders at the special meeting on Monday. As noted
in our issue of last week the sale of the new stock (which it
is expected will be disposed of at $300 per share) will bring
the capital up from $500,000 to $1,000,000, and the surplus
from $500,000 to $1,500,000,
— Mr. Emmett Smith has been chosen President of the new
Bayonne Trust Company of Bayonne, N . J., and Mr. Frank
W . Edwards, Vice-President.
The Cashier is to be Mr,
Eugene Newkirk, at present Assistant Teller of the New
Jersey Title Guarantee & Trust Company of Jersey City,
The company has decided to locate at Avenue D, between
9th and 10th streets, Bayonne. A call for the payment of
50 per cent of the stock within fifteen days has been issued.
The balance will be paid, 25 per cent in thirty days there­
after and 25 per oent when the company opens for business,
— Messrs. Lee, Higginson & Co, have opened a foreign ex­
change department in their Boston offices at 44 State Street.
Their correspondents are Messrs. N. M. Rothschild & Sons
and Coutts & Co. in London, and Messrs. Morgan, Harjes &
Co. in Paris.
—The stockholders of the Bay State Trust Company of
Boston, at a meeting on Wednesday last, voted to increase
the stock from $400,000 to $500,000, As noted in a recent
issue, a controlling interest in this company has passed to the
Old Colony Trust Company of Boston, and the Issuance of

February 22, 1002.]

THE CHRONICLE

new stook, which is not to be immediately put out, is under­
stood to l»e part of the plan of transfer.

407

finer quarters, on the first, floor of the elegafit new building
of the National Life Insurance Co., on La Salle Street.

— Mr. George A . Baker, for over twenty five years Presi­
— It is reported that control of the Citizens’ National Bank
of Pittsburg has changed hands. Former Vice-President dent of the Continental National Bank of St. Louts, M o .,
and Cashier S. M. Me Elroy has become President of the died of pneumonia on the 8d inst. The bank is sending out
bank; R. J. Stoney Jr., Vice-President, and A . M. Irwin, suitable announcements of the event to its correspondents.
Cashier.
— Mr. Edward S. Orr, who only recently was elected Presi­
dent
of the Missouri Trust Company of St. Louis, has been
—The stockholders of the Memphis Trust Company of
obliged
on account of his health to relinquish the position.
Memphis, Tenn., have voted to increase the capital of the
institution from $300,000 to $000,000, and the surplus from His successor. Mr. John W . Harrison, was chosen last week.
$40,000 to $115,000. The officers of the company are: J. T. The latter was First Vice-President of the company, a post
Fargason, President; John H. Watkins, Vice President and now assigned to Mr. Morton Jourdan, ex-Attorney-General
of the State of Missouri.
General Manager, and W . R. Stewart, Cashier.
— Through the resignation of Mr. C. W . Griggs, made nec­
—The National Citizens’ Bank, now at 401 Broadway, this
essary by a much needed rest, Mr. John C. Ainsworth has
city, expect to remove to their handsome new banking rooms,
become President of the Fidelity Trust Company of Tacoma,
Nos. 407 and 409 Broadway, about March first next. These
Wash. Mr. P. C. Kauffman, for ten years Cashier of the
premises, which were formerly occupied by the Ninth Na­
company, has been advanced to the position of Second Vicetional Bank (recently merged), have been entirely remodeled
President. Other changes are the election as First Viceto accommodate the increase in the business of the institu­
President of Mr. John S. Baker ; Secretary, George Browne ;
tion. The official staff consists of Edwin S. Schenck, Presi­
Cashier, Arthur G. Prichard, and Assistant Cashier, Forbes
dent; Ewald Fleitmann, Vice President; Henry Dimse, Cash­
B. Haskell.
ier, and Nelson A. Reynolds and Albion K. Chapman,
— Commissioner of Internal Revenue Yerkes states that he
Assistant Cashiers.
will await the presentation of briefs from the legal repre­
— Another important merger of Chicago banks has just
sentatives of the New York Stock Exchange oefore taking
occurred in the consolidation of the old and time-tried Mer­
further action regarding the tax on collateral loans. The
chants’ National with the Corn Exchange National, under
following is the text of the ruling of the Commissioner of
the name of the latter institution. In September 1900 the
Internal Revenue in the specific case which he had under con­
Northwestern National and America National banks were
sideration at the time his ruling was made:
absorbed by the Corn Exchange National, making it one of
T r e a s u r y D ep ar t m e n t ,
the largest financial institutions in the city. This new
O f f ic e o f C o m m issio n e r o f I n t e r n a l R e v e n u e ,
acquisition, if the business of the Merchants’ follows the
W a sh in g to n , D . C ., F e b r u a r y 8, iqo 2 .
transfer, will show a united deposit account in excess of
S i r : I h a v e to a ck n o w le d g e th e re c e ip t o f y o a r le tte r o f th e 9 th
$50,000,000. The consolidation will be completed by a u lt im o , re la tiv e to th e e n fo r c e m e n t o f th e t a x on d e live ries o f stoo k to
stockholders’ vote on March 27, that preliminary being secure th e fu tu re p a y m e n t o f m o n e y , as se t fo r th in T re a s u r y D e ­
cision s, in te rn a l-re v e n u e ru lin g 4 1 7 , th e p rin c ip le o f w hioh ru lin g
necessary to comply with the law after the action of h a s sin ce b een a p p ro v e d b y th e h o n o ra b le A tto r n e y G e n e ra l In h is
the directors. The consolidated bank will have a cap­ o p in io n d ated J a n u a ry 4 , 1 9 0 2 (T . D . 4 5 7 ) .
I t ap p ea rs fro m y o n r le tte r th a t th e m em o ra n d u m c o m m o n ly u se d
ital of $8,000,000, a surplus of $2,0C0,000, besides undi­
vided profits of $250,000.
Both banks will reduce in N e w Y o r k in d e liv e rin g s to c k a s s e c u r ity fo r th e fu tu r e p a y m e n t o f
m o n e y is p rin te d on th e e n v e lo p e in w h ic h th e secu rities are e n c lo s e d ,
their present book value to $175 per share, after
an d is g e n e r a lly in th e fo llo w in g f o r m ;
which $1,000,000 stock of the Merchants’ National will j
L oan
be exchanged for the same amount ot new stock to be issued j
to
by the Corn Exchange National. To accomplish the reduc­
J ohn Sm it h ,
fr o m
tion in book value the Corn Exchange will have to declare
1 st N a t io n a l B a n k .
an extra dividend of about $400,000, or 20 per cent, on its
A m o u n t , $ 9 0 ,0 0 0 — I n t ., 5 .
capital of $2,000,000; while the Merchants’ National must
D a te — D e c e m b e r 1 9 ,1 9 0 1 .
declare a $1,000,000 dividend, or 100 per cent, of its capital
SECURITIES.
of $1,000,000. President Chauncey J. Blair, of the Mer­
5 0 0 W . U . T e l.. 9 0 ......................... $ 4 5 ,0 0 0
chants’ National, will become a Vice-President and Director
4 0 0 D e l. & H u d ., 1 7 0 ...................
6 8 ,0 0 0
in the new Corn Exchange National; Cashier John C. Neely,
$ 1 1 3 ,0 0 0
an Assistant Cashier, and Vice-Presidents Crosby and Henry
Y o u in qu ire esp e c ia lly w h e th e r, in m y o p in io n , a n e n v e lo p e sim ila r
A. Blair, of the Merchants’ , as well as Director M. A. Ryerto th e a b o v e la n o t su ch a p a p e r , m em o ra n d u m o r e v id en ce o f tr a n s fe r
son, directors in the consolidated bank.
as w ou ld be lia b le to s ta m p t a x u n d e r th e ru lin g a b o v e re fe rre d to .
The other officers and directors of the enlarged institution
In re p ly , y o u are a d v is e d th a t, In m y o p in io n , th e a b o v e in s tru m e n t
will probably remain as now, v iz.; President, Ernest A. Is su ch a m e m o r a n d u m as w ou ld b e lia b le to s ta m p t a x u n d er th e
Hamill; Vice President, Charles L. Hutchinson; Vice-Presi­ p ro v isio n s o f p ara g ra p h 1 , S oh ed u le A , A c t o f M a r c h 2 ,1 9 0 1 , a s e v i­
den ce o f stock d e livered as s e c u rity f o r th e fu tu r e p a y m e n t o f m o n e y ,
dent, D. A . Moulton; Cashier, Frank W . Smith; Assistant
a t th e ra te o f 2 c e n ts fo r each $ i OO o f p a r v a lu e o f th e stook described
Cashier, B. C. Sammons; Assistant Cashier, J. Edward th erein . M y ru lin g w o u ld b e the sa m e If this m e m o r a n d u m w e re
Maass.
p rinted on a n y oth e r p ap er th a n an e n v e lo p e , an d a n y s im ila r m e m o ­
The present location of the Corn Exchange National in ra n d u m e v id e n c in g th e d e liv e r y o f s to c k aB seon rity fo r a lo a n w o u ld
require th e sa m e s ta m p .
“ The Rookery” will be retained. Under the influence of the
A m em oran d u m o f th e d e liv e r y o f sto c k m a d e on a c o n tin u o u s
contemplated change, the stock of the Corn Exchange ad­ a g re e m e n t b e tw e e n th e p le d g er an d th e p le d g ee re g u la tin g th e d e p osit
vanced from 400 to 425. That of the Merchants’ National and d isp o sition o f s to c k p led g ed a s s e c u rity , o r su ch a m em oran d u m
(of which there are but 36 holders) has a normal quotation m a d e on a p ro m issory n o te g iv e n by a b o rro w e r, w o u ld also be lia b le
to t a x in th e sa m e m a n n e r a s the in stru m e n t a b o v e se t forth .
of about 430.
— A t a directors’ meeting last Saturday of the Western
State Bank of Chicago, it was decided to sell $200,000 of new
stock at $110 a share, increasing the capital $200,000 and the
surplus $20,000. As the capital is now $300,000, this will give
a total capital of $500,000. The undivided profits now are
about $80,000, and it was decided to turn this amount into
surplus, making, together with the money realized by the
sale of stock, $50,000 in this item.
A special meeting of the stockholders will be called for
March 25 to act on the proposition. The stock will be issued
pro rata to stockholders, and an offer has been received for
the purchase at 110 of any stock not taken by stockholders.
During one year’s administration of President Charles L
Johnson, the business of this bank has more than doubled.
On May 1 the Western State will move into larger and much

W hen stook is w ith d r a w n fro m th e p le d g ee , o n p a y m e n t o f th e lo a n
fo r w hich It w as p le d g ed , an d a fte rw a r d s re -d e llv e re d a s se c u rity fo r
an oth er lo a n , a n o th e r t a x w ill accru e on th e m em oran d u m o f the

sa m e , an d the m e m o r a n d u m o f d e liv e r y o f a n y stock In s u b stitu tio n
fo r stoo k a lre a d y d e liv e re d a s se c u rity Is a lso ta x a b le . S too k , h o w ­
e v e r, re m a in in g in th e p osse ssio n o f th e p le d g ee m a y be retain ed
a fte r th e p a y m e n t o f th e o r ig in a l lo an as s e c u r ity fo r a n e w lo a n
w ith o u t a d d itio n a l ta x a tio n . R e s p e c tfu lly ,
J . W . Y e r k e s , Com missioner.
M r. F. G. T hom pson , Revenue A gent, New Y ork, N. Y.

DEBT STA
TEM
EN
T JANUARY 81 1902.
The following statements of the public debt and Treasury
cash holdings of the United States are made up from official
figures issued Jan. 31, 1902. F o r s ta te m e n t o f D ec 31, 1901,
see C h r o n i c l e J a n . 18, 1902, p a g e 132; th a t o f J a n . 81, 1901,
see F eb . 23, 1901, p a g e 368.

THE CHRONICLE
IN T E R E S T -B E A R IN G

D EBT JAN U AR Y

A m oun t
J it U

Lo a n -

81, 1002.

— ----- A m o u n t (JatetanAina.

Issued.

ftefllsJered.

C oupon.

t

*

t

416,040,760
108,708,880
740,088,200

2s, C onsols u ( i0ao,,
8*. L.,JW» uJ- 1808-1918..<
I s . Fu nded loan , I O T ..(
4s R a /u u d ’ s oei tiflO'S.^
it-, L o All 01 1025. . .,
i t . L o a n a t 1 0 0 4 ...,

...............

T o ta l.
*

486,378.660 10,687,800
48,401,080 40,181,880
180,843 800 51,188,000

4 0 ,0 1 8 ,7 6 0

108,315,400
100,000,000

................

106*8 5.8 00 81,604,700
lo,70«, eCO 8,827,660

446,,040,760
07 ,682,040
887.,071,000
82,100
187 ,800,600
10 ,720,360

A .tli’tA In
B earin g D e b t .l ,687,084,700 787,803,810 161,258,380
989,004,380
N o v a . T h o d e n o ia in a u o u s o f bonds are as fo llo w s ; 4s o f 1807, r e g is ­
tered , 650, * 100, *600, 61,000, * 6,000, * 10,000. *30,000, * 6 0 000, cou p on , * 6 0 *100,
*600, *1 OUO; a s , re fu n d in g certificates, *10; 6a o f 1004, re g is te re d , * 6 0 , *100,
*1,000, tlO.Cwxi Uoapon. *6 0 , * 100, *1,000; 4a o f 1025 reg istered , *60, *100, *600,
.1,000, *6,0 0 0 , *10,000, c o u p o n , *60, *100, * 600, * 1 ,0 0 0 ; 3s o f 1008-1018 registered ,
30, *100, *600 *1 ,0 0 0 , * 6 .000, *10,000, c o u p o n , *2 0 , *100. * 5 U 0 ,* l,0 0 0 i 2 s o f 1800030, registered *60 *100 *500, * 1 ,000, *6,000, | 10,000,*60 0 0 0 ,o o u p o n ( *6 0 , *100,
*600, *1,0 0 0 .

?

D E B T ON W H IC H IN T E R E S T H A S C E A S E D 81N C B M A T U R I T Y .
D ec. 3 L
J im , 81.
f u n d e d Loan o f 1891, con tin u ed a t 2 per c e n t, c alled
fo r red em p tion M ay 18, 19 0 0 ; In terest cea sed
*108,200 00
A u g u s t 18, 1 0 0 0 ,,.................................... .................................. *208,100 00
60,800 00
B und ed L oan o f 1801, m a tu re d S e p te m b e r 2 1 8 8 1 ,,
00,800 00
1,064,880 26
O ld d ebt m a t u r e d p r io r a n d s u b s e q u e n t t o J a n .l ’ 61 1,006,380 20
D eb t on w h ich i n tere st h a s c e a s e d ..........................*1.838.780 88
B on ds issu ed to P acific railroad s m a tu re d b u t n o t y e t pre­
sen te d ; U n io n Pacific, *12,000 ; K a n s a s P a cific, * 1,000; t o t a l.

*1,828,830 20
* 18,000 00

D E B T B E A R IN G NO IN T E R E S T .
U n ited S t a t e s n o t e s .......... ......................................... ......................................... .$ 8 4 0 ,0 8 1 ,0 1 0 00
O ld d e m a n d n o t e s ..................... ................... ................. ................. .............. .. . .
6 8,847 60
N a tio n a l bank n o te s— R e d e m p tio n a c c o u n t .............................................
80,681,029 00
F r a ctio n a l eu rreu o y ............................... ..................... ...............*15,260,426 88
L e ss a m o u n t e stim a te d as l o s t or d e s tr o y e d ............
8,37 5 ,9 8 4 00
-------------------------0,8 7 4 .4 8 1 8 8
.*890,800,884 88

A g g r e g a t e o f d e b t b ea rin g n o I n t e r e s t................
R E C A P IT U L A T IO N .
J a n . 81, 1903.
C ta u ific a tio n o f D e b t—
I n te r e s t-b e a r in g d e b t ..........
D eb t, in te r e s t c e a se d ............
D e b t b e a rin g n o I n t e r e s t ...

*

630,094,330 00
1,828,380 20
890,800,884 88

I n c . o r D ec
D ec. 8 1 ,18 0 1.
S
*
948,270,210 00 D e c . 4,184,880 00
10.900 00
1,880,780 20 D e o .
888,013,508 89 In c . 1,087,820 60

T o ta l gro ss d e b t............,.1 ,3 8 0 ,7 2 8 ,6 4 4 64 1,883,281,664 14
C ash balan ce in T r e a s u r y * .
824,790,046 42
821,008,278 03

D e c . 2,608.010 60
In o . 8,108.807 79

T o ta l n e t d e b t . . . . . . . . . . 1,005,026,889 22 1,011,628,286 61

D e e . 6,701,387 29

* In c lu d in g * 1 5 0 ,0 0 0 ,0 0 0 r e s e r v e fu n d .

The foregoing figures show a gross debt on Jan. 81, 1902,
(Interest-bearing and non-interest- bearing) of $1,830,728,544 64
and a net debt (gross debt less net cash in the Treasury) of
11,005,926,898 22.
P a c i f i c R a i l r o a d D e b t . — A t present the only bonds not
paid or in some manner settled by the companies are the
Central Branch Union Pacific. W e consequently omit the
others from our table. Any reader desiring the details with
reference to all the issues will find the facts in the Debt
Statements for March 31 1900 and previous dates.
U N L IQ U ID A T E D

B O N D S IS S U E D TO P A C IF IC R A IL R O A D S —T H E IR
S T A T U S F E B . 1, 1902.
N am e o f R oad.
P r in c ip a l.
In terest.
T o t a l d u e U .S .
C entral B ran ch U n io n P a c ific ......$ 1 ,6 0 0 ,0 0 0 0 0
*2,184,866 87
*8,734,855 37

The Government realized the sum of $2,122,841 24 from
the sale on June 20, 1901, of its claim against the Sioux City
& Pacific Railroad Company, under authority of the A ct of
Congress approved June 6, 1900.
T r e a s u r y C a s h a n d D e m a n d L i a b i l i t i e s .— The cash hold­
ings of the Government as the items stood Jan. 31 we take
from the Treasury statement of that date. The n e t cash
balance and the reserve fund of $150,000,000 have both been
deducted above in reaching the n e t debt.
R e se rv e fu n d —
G old c o in an d b u llio n .
T r u st fu n d s —
G o ld c o in ........ .
S liv e r d o lla r s ............ .
S ilv er d o llars o f 1890.
S ilv er bu llio n o f 1 890.

C A S H IN T H E T R E A S U R Y .
.*150,0 0 0 ,0 0 0 0 0
.*825,722,089 00
. 453,089,000 00
.
27,000 00
. 87,506,000 00
816,314,089 00

G e n e ra l fu n d —
G old c o in and b u llio n ...................... $70 823,150 75
G old certifica tes............................
18,217,250 00
S liv e r c e r t i f i c a t e s .. . .. . ...........
10,077,620 00
S ilv er d o lla rs.................
8 072,744 00
S ilv er b u llio n ................................
488,269 03
U n ite d S ta te s n o t e s . . . . . . . . . . . . . .
1 0 .9 9 -,3 7 1 00
T r e a su ry n o te s o f 1 8 9 0 ___ . . . . . . .
89,4700 0
N a tio n a l b a n k n o t e s .......... .
13,006,962 77
F ra ctio n a l silv e r c o in .............
8,864,006 99
F r a ctio n a l c u rren cy . . . ...............
1X6 35
M in o r c o m ............. ................................
770,682 14
B on ds an d in te r e s t p a id ,a w a it ­
in g r e im b u rse m e n t.................
35,786 78
In n a tion al ban k d e p o sita rie s —
T o cred it o f T rea su re r o f t h e
U n ited S t a t e s .................................. 106,629,952 07
T o c red it o f U n ite d S ta te s dis­
bu rsin g o f f i c e r s . .. ., .......................
6,948,688 77

*141,545,846 41

112.578,620 84
264,128,967 25
1,380.468,050 25
G old certificates................................
S ilv er certificates..............
T r e a su r y n o te s o f 1 8 9 0 ............
N a tio n a l bank 5 per c e n t f u n d ___
O u tstan d in g cb e e k sa n d d r a f t s .. . .
D isb u rsin g officers’ b a la n c e s . . . . . .
P o s t Offioe D e p a rtm e n t a c c o u n t ,
M iscella n eo u s i t e m s ........ .

.*325.732,089 00
463.069.000 00
37,688,000 00
1 2 ,6 7 o ,u o
5,428,826
53,823,445
4,772.440
2,032,408

33
33
93
00
18

*810,344,089 00

79,327,820 83
R e se rv e f u n d . . ................................................. ................ .
160.000,000 00
A v a ila b le cash b a la n c e ............................... ....................... 174,790,646 42

*895,671,409 83
824,780.640 42

T o ta l.............................................................................................................. ...... .*1.220,468,050 25
Cash balan ce in
serve a,nd tr u s t
Cash balan ce In
se rv e an d tr u s t

[T o t. I.X X IV .

t h e T rea su ry D ec. 3 1 ,1 9 0 1 , e x c lu s iv e o f refu n d s
................................................. 171,603,378 03
t h e T r e a su ry J a n . 81, 1902, e x c lu s iv e o f re­
f u n d s ............................... ............. .......................................... $174,796,040 4*

In cre ase du ring th e m o n th ......................................................................

*9,198,307 79

.^

NVWlAVvWNArtl1

[From

o u r o w n co rr e sp o n d e n t, j

L o n d o n , Saturday, February 8 , 1902,
The publication of the British reply to the Dutch Premier’s
communication made Continental holders of South African
gold shares rather nervous, and for some hours they sold
very freely; but when they found that the British public
took a favorable view of the reply and that the London Stock
Exchange was prepared to buy all the securities offered, they
suddenly turned round and began to buy back some of what
they had sold. Since then the market has been very firm,
and the general impression is that there will be a steady im ­
provement. Outside of the mining market, however, not
very much has been doing except in some foreign govern­
ment securities, notably South American. There has been
very little life in the American department.
The market for British railway stocks has been dull, as the
dividends are regarded as disappointing In reality the divi­
dends are not worse than careful observers anticipated,
while the reports in several instances show that the directors
and managers are at last waking up to the perception that
they have been pursuing a mistaken policy hitherto, and that
it is necessary to follow in the footsteps of the American com­
panies and endeavor energetically to reduce the operating
expenses. There is another case, however, which is influ­
encing the market for British railway stocks, and it is the
fear of approaching keen competition on the part of electric
railways. Application is made to Parliament for power to
build a railway from London to Brighton. The consider
ation of the request will begin almost immediately. And if
in this case the authority is granted, it can hardly be refused
in other instances, and then the railway companies will he
exposed to the danger of parallel lines all over the country,
A good deal of the activity in the market for foreign securi­
ties, and especially for South American, is due to the action
of Continental operators, especially French and German. They
have been buying not only gold shares but also these other
securities upon a very considerable scale this week. Indeed,
confidence iB accumulating that the long depression in Paris
is passing away and that we are about to see a great increase
of activity. Not only are there numerous issues both of new
companies and new loans in preparation in Paris, but also
French investors are beginning to buy much more freely
than for the past year or two. They are buying not only
South African gold shares, but even West African shares,
and they are buying foreign securities, which hitherto have not
been much favored by Paris. In Germany, likewise, there
are signs of improvement. The slow liquidation is not ended,
will, indeed, have to be continued for a considerable time
yet. But for all that the worst is over and improvement has
begun. People have acquired confidence.
They are not
limiting their purchases to home Government securities.
They are venturing abroad much more boldly than of late.
They have bought South African gold shares on a very large
scale. They are buying foreign government securities and
they are buying even British securities. Upon the whole
the German operators are decidedly active at present, which
all points to growing confidence. It is likewise noticeable
that during the week there has been a slight rise in the
quotations of the best bank shares and the best industrial se­
curities in the leading German bourses,
There :g likewise visible some improvement In AustriaHungary. Italy is doing very well. Indeed, it looks as if at
last Italy was about to escape from the financial emharass­
ment under which she has labored for so long ani was en­
tering upon a prosperous period. Even in Spain there is
more hope. The belief is growing that the bill for reorgan­
izing the Bank of Spain will pass and that the Spanish Gov­
ernment will be able to borrow enough in Paris to fund the
floating debt.
Here at home, in spite of the gloomy talk about the bad­
ness of trade,the country is doing very well, and the Board of
Trade returns for Januarv are upon the whole satisfactory.
The value of the imports for the month amounted to £50,131,348, being an increase of £4,143,832, or 9 per cent over the
corresponding month of last year,and compared with January
of 1900 the increase is over 5% millions sterling. The value
of the exports of British and Irish produce and manufactures
was £24,254,574, being a decrease of £498,957, or 2 per cent
compared with January of last year. But compared with
the preceding January there is an increase of £670,892.
The directors of the Bank of England on Thursday lowered
their rate of discount from 8 % per cent to 3 per cent, ^ They
Wire mainly influenced by their failure to make effective
the 8 % per cent rate, and by the very large shipments of
gold from New York to Paris, especially as those shipments
did not disturb New York. From that it was argued that
money was abundant and cheap in New York and that the
supplies in Paris would be so largely increased that rates
there would be sure to deeline. As a matter of fact, money
is cheaper in Paris. The late French Government loan had
much longer effect upon the Paris market than anybody ex­
pected. Until the shipments from New York were an­
nounced it looked to most people as if rates in Paris would
be maintained nearly as high as those in London. But rates
f re now falling away.
The French banks are once more
bidding largely in London for sterling bills and they axe also
increasing the amounts they are employing upon the Stock
Exchange, The impression at present is that when the gold
from New York arrives money will be so abundant ru Paris

THE

F e b r u a r y 2 2 , 1902.]

that rates will further fall and that the balances employed
iu London will be still more increased.
Iu Germany, likewise, money is very abundant and cheap.
German banks are increasing tne balances they are employ­
ing in London and they are bidding eagerly for sterling
bills. On Tuesday, moreover, the Austro-Hungarian Bank
reduced its rate of discount from 4 per cent to
per cent,
showing that even in Austria money is becoming over
abundant; and from this it is inferred that the Austro-Hun­
garian demand for gold is nearly satisfied. In every direc­
tion, then.it looks as if m>ney was becoming decidedly
cheaper upon the Continent.
Here at home the Bank of England will probably be able
to make the 3 per cent rate effective, as during the next four
or five weeks the collection of the revenue will be on an enor
mous scale. After that time rates may fall away. But on
the other hand, it is to be borne in mind that the Chancellor
of the Exchequer will have to borrow again.
The India Council continues to sell its drafts well. It of­
fered for tender on Wednesday 780 lacks and the applications
were for over 1,700 lacs at prices ranging from Is. 4d. to Is.
4%d. per rupee. Applicants for bills were allotted at about
61 per cent of what they asked for at Is. 4 l-32d. per rupee,
and applicants for telegraphic transfers about the same pro­
portion at Is. 4 3-32d. per rupee. Later in the day the Coun­
cil sold a small amount in bills at Is. 4 l-16d. per rupee.
Ensllili F i n a n c i a l M a r k e t s — P e r Cable.

The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Feb. 21,
LONDCM.

S at.

M on .

T ue*.

W ed .

T k u rt.

2 5 7 ,e
257,0
257,0
S ilv er, p e r o u n o e ........d. 2 5 7 ,6 25716
94716
94 3s
94^,8
C on sole., n e w . 2% p. ots. 943s
94 %
947,8
947,0
943s
94 %
F o r a c c o u n t ................. 9 4 %
Fr’ oh ren tes (In P arle) f r . 01'27*3 101-20 1 0 1 1 5 1 0 1 1 6 101 10
78
773s
77 %
77%
Spanish 4 s ........ .............. . 7 7 7s
67g
6%
6%
6%
6%
A n a c o n d a M in in g .........
7938
79%
77 %
A tob. T op . & Santa F e.. 79 %
795s
100%
S9
100%
P r e fe r r e d ....................... 100%
99%
10678
107%
107
107%
B a ltim ore & O h i o ......... 1071a
96%
96%
96 %
97
P r e fe r r e d ....................... 96%
117 78 118
117%
118%
C anadian P a c ific ___ ... 118
47
%
47
%
46 %
47%
C h esapeake & O h io ___ 47%
24 %
25
25
Chlca. G rea t W e s te r n .. 25
25 %
170%
169%
167%
Ohio. M il. & St. P a u l... 1701* 170
45%
46
45 %
45%
D en. & R io G r .,o o m .... 45%
95%
95 %
95%
95
Do
d o P referred . 96 %
39
40%
Erie, c o m m o n .............
41
40%
4 0 7s
70 %
71%
71 %
1st p r e f e r r e d . .. .......... 715s
7 1 78
58 %
58%
58
57 %
2d p r e fe r r e d ................. 50
144%
144
144
144%
Illin ois C e n t r a l............... 145
108%
10 7%
106
107%
L o u isv ille & N a sh ville., 1075s
29 %
29%
29%
29
M ex ica n C e n tr a l........... 29 %
17%
17%
17%
17
M e x ic a n N a tio n a l.........
17
263e
26%
26
M o. K an . <fc T e x ., o o m .. 25%
25%
5538
57
57
P r e fe rr e d ....................... 55%
57
168
168%
N. Y. C en t’ l & H u dson .. 168%
167%
167
34 %
34 %
34%
35 %
N. Y . O n ta rio & W est’ n 35
59%
N orfolk & W e s te r n ........ 59 %
59%
59 %
58 %
94
92
94
94
Do
do
pref. 9 4
77
%
77
%
77
%
77
%
76 %
P e n n s y lv a n ia ..................
29%
30
‘ P a lla . & R e a d ............... 2958
30
29%
4278
42%
43%
42%
'P n lia . <s R e a d .,1 st pref. 42%
34 %
34%
35%
35%
35 %
*Phila. <fe R e a d ..2 d p r e f
S ou th ern P a c ific ............. 68%
68%
68 %
6858
6558
34%
34%
34%
34%
8 o u th ’ n R a ilw a y , c o m .. 35
99%
P r e fe r r e d ....................... 99 %
98 %
98 %
98%
106%
105%
U nion P a c ific ................. 1057s
103%
1055s
P referred ....................... 91%
91%
91%
91%
91%
44%
U. 8. Steel C orp ., o o m .. 4 5 %
453s
45 %
4 5 7s
97%
95%
Do
do
p r e f.. 96
90 %
97 %
W a b a sh .......................... ..
248s
25 %
25
25
25%
45%
46%
45
45
Do
p r e fe r r e d ._____ 45 %
Do
D e b . ••B” . . . . . . 73%
73 %
74
74%
74%

Frt.
253s
94%
9 4 ‘J ,«
0112%
76
6%
77%
98%
105%
96
117%
46
28%
1673s
44
933s
38%
69 %
57
143
10 6%
28%
16%
25
55
16 6%
33 %
57 %
93%
763s
28%
42 %
34%
65
33 %
97 %
103%
90 %
44%
95%
23%
43
73%

n o e n *r

C&ommjerctal aud
I mports

and

E xports

for the

W eek .—The following are

the imports at New York for the week ending for dry goods
Feb. 13 and for the week ending for general merchandise
Feb. 14; also totals since beginning first week January.
F O R E IQ M I M P O R T 8 .

f o r w ee k .

1902.

1901.

1900.

1899.

D ry G o o d s ___
G en ’ l m e r ’ dlse

*2 ,3 9 0 ,0 8 5
7 ,2 5 2 ,3 1 0

$ 2 ,8 7 3 ,0 7 3
7 ,9 9 1 ,1 9 2

$ 3 ,4 6 7 ,4 3 2
7 ,5 25,34 1

$ 1 ,9 5 6 ,7 3 0
6 ,7 5 2 ,6 1 1

T o t a l.........

$ 1 0 ,1 4 2 ,3 9 5

$ 1 0 ,3 6 4 ,2 6 5

$ 1 0 ,9 9 2 ,7 7 3

$8 ,7 0 9 ,3 4 1

S in c e J a n . 1.

409

CHRONICLE

The following table shows the exports and Imports of
ipeoie at the port of New York for the week ending Feb. 15
and slnoe Jan. 1, 1902, and for the corresponding periods in
1901 and 1900.
E X P O R T S A M D IM P O R T S O P B P R O IB A T M E W T O R K .

E xp ort*.

Im p o r t* .

Bold.
W eek.

S in ce J a n .

$ ..........

,lreat Britain.......
France___ _____...
dermany________
West Ingles...........
Mexico....______
South America......
All other countries.
Total 1902.......
Total 1901.......
Total 1900.......

1.

W eek.

3,200
10,000

44,891
$44,851
12,705
11,017

E x p o rti.

15
23,244
2,920
49,856
60,889
$126,924
387,676
680,678

Im p ort*.

S ilver.

(Jreat Britain........
France..................
dermany___.......
West Indies...........
Mexico..................
South America......
All other countries.
Total 1902.......
Total 1901.......
Total 1900.......

1,

s .........

460

SI 3,200 $6,262,750
140,000 8,304,069
281,587 6,002,868
W eek.

S in ce J a n .

$ .........

$142,250
4,273,813
1,586,104
227,083
4,000
30,000

S in ce J a n .

1.

B in eeJ a n . 1,

W eek.

$777,520 $5,157,471
503,243

$ ..........

$ ..........

25,416
9,011
700
1,000

i,837
6,097
6,130

11,753
53,320
50,464
7,580

$ 5 ,6 9 6 ,8 4 1
6 ,8 9 4 ,0 8 7
6 ,3 6 8 ,7 2 7

$ 1 4 ,0 6 4
2 2 ,1 2 4
3 8 ,0 2 9

$ 1 2 3 ,1 1 7
4 4 4 ,7 7 8
4 7 9 ,6 9 0

$ 7 7 7 ,5 2 0
8 4 9 ,7 9 5
8 2 9 ,9 7 0

Reports of Non Member Banks.—The following is th®
statement of condition of the non-member banks for the
week ending Feb. 15, based on averages of the daily result,
We omit two ciphers fOO) in all cases.
BANKS.

(OOi o m itt e d .)
nsw

to r e

Cit

Borough of
M anhattan ,

tal.
y

Leg. T. Depos It. with
Sur­ Loans Sc
Net
plus. Invest­ Specie. dc B ’k. Olear’g Other Deposit t
m ents.
Notes Agent. Bks.kc

.

8
148,4
228,1
130,7
82,9
27,9
102,6
76,6
107,3
151,0
210.7
129,1
318,0
55,0
70,5
360.2
231,1
32,9
94,0
59,8
65,3
61,8
98,2
200,0

®
t
1995.6
02,5
2649.0 131,0
1180,8
69,5
45,1
1209,6
1848,1
15,1
1762,6
99,4
2304,8 137,4
1380,6
29,0
1599,8 23,6
65,0
2455.0
16.1
1125,0
4445,0 352,0
40,0
1413,0
889,4
48,6
2230,9
47,2
1259,5
39,5
605,1
12,3
8,1
493,7
735,0
2,4
1080,5
5,3
208,7
4,0
317,0
7,6
1527,7
72,6

127,0
186,2
160,5
33,2
77,4
02,2
405,7
359,8
27,1
047,6
682,4
144,8
120,1
78,6
248,8
50,8
63,8
01,2

1185,1
1078,5
1009,1
349,5
057,8
317.6
2472,3
8668,6
641,0
3739.0
2708,0
799,4
979.5
607,8
1099.9
458,4
038.0
743,2

11,8
23.2
64,8
8,8
33.4
37,0
379,1
194,5
7,8
175,0
128,0
9,0
34,6
9,6
98,1
9,5
25.4
81,7

98,9
118,3
37,3
8 1,5
27,1
24,8
230,9
187,9
53,8
293,0
296,0
51,4
70,5
42,4
28,8
60,8
25,6

175,5
229,3
181,7
40,0
74,7
71,0
442,6
200,0
81,9
50i,0
498,0
02.7
147,1
05,2
190,1
109,7
68.1
33.2

08,4
88,4

604.1
720.4

20.7
34,0

22,7
20,0

89,7
122,8

400.0 942,0 4790,0 266,0
87,0
260.0 008,5 2339,7
07,2
260,0 308,0 1388.2
41,3
200,0 248,0 1204,5
110,0 482,7 2424,0 124,2
838 0 81,6
126,0 110,0

241.5
67,7
13,0
54,8
32,8
34,7

Colonial..........
Columbia.........
Eleventh Ward....
Fourteenth Street.
Ssncevoort.,,
Hamilton.......
Mount Morris
Mutual......... .
Nineteenth Ward..
Piasa.. . . . . . . . . . . . .
Riverside..............
State.....................
Twelfth W ard....
Twenty-third W ’d
Union Square......
? orkville..............
Washington......... .
Fidelity.................
Variok................. .
Jefferson..............
Century................. 100,0
Wash’gtonHeights 100,0
United National... 1000,0
doro’h o f Brooklyn.

Bedford..................
Broadway..............
Brooklyn................
Eighth Ward.........
Fifth Avenue........
Kings County........
Manufact’rs’ Nat’l.
Mechanics...........
Merchants’ ......... .
Nassau National,
National City,....
North Side.......... .
Peoples.................
Seventeenth Ward
Sprague National..
Twenty-sixth W ’d.
Union.....................
Wallabont..............
Borough o f
Richmond.

Bank of Staten Isl
1st Nat.,Staten Isl
Other Cities.

1st Nat., Jer. City.
Hud. Co. Nat., J.O.
2d Nat., Jer. City..
8d Nat., Jer. City..
1st Nat., Hoboken.
3d Nat., Hoboken.

100,0
300.0
300.0

100.0
100,0
100,0
200,0

100,0

100,0

100,0
35,0
100,0

%

150,3
104,0
53,2
54,4
92,3
99,5
90,0
128,8
148,4
135,0
87,9
177,0
142.0
109,7
316,0
150,0
45,8
32,2
04,9
95,2
12,0
10,5
120,1

8 , 6

t
«
182,2
209,0
3,0
214,5
26,0
177,4
75,1
23,4
5,0
118,8
62,6
250.7
272.4 825,8
305,2
5,1
323,0
99,2
55,0 877,0
148,0
90,0
48.6
330,4
181,4
5,0
77,9
13.6
49,7 !*• 7s
110,5
4
103,5
4,3
25,6
mm9r
88,0
42,0
....

8
2120.0
2781,0
1413,8
1320,5
1447,3
1808.0
2867,7
1095,0
1828,i
2678,0
1201 5
5140,0
1765,0
U 90,0
2836,9
1302,5
684,0
454,6
759,4
1140,1
149,6
169,4
759,3

1437,3
1893,4
1035,0
335,9
608,6
709,1
3210,2
20,6 4082,7
095.4
37,6 4010,0
93,0 3205,0
120.6
821,7
37,6 1115,0
29,4
404,2
14,4
941,7
13
610,3
00,8
699.3
37,0
713,4
210.7
4,6
7.2
20,0
85,0

11.0

—

631,2
715,8

983,4 1137,1 0292,0
188,0
04.0 2023,0
222.8
10 0 1050,7
334,8
38,1 1200,2
189,4
13,4 2233,2
02,7
13,9
873,1

Totals Feb. 15.. 8902,0 9403,9 72549.0 3274,9 4587,0 8841,0 2954.4 79099,6
Totals Feb. 8.. 8902,0 9403.8 72173,9 3255,3 4178,5 9019,1 3722,4 78740.8
Totals Feb. 1-. 0902,0 9403.8 72024,4 3465,0 4198,8 8311,5 2783,0 77892.2

New York Ulty, Boston & Philadelphia Banks.—Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.
T ota l 7 w eeks $ 7 4 ,8 4 8 ,6 8 1 $ 7 1 ,7 2 7 ,9 7 4 $ 7 4 ,7 2 9 ,7 2 0 $ 6 7 ,0 3 5 ,3 3 5
The New York figures do not include results for tne non­
The following is a statement of the exports (exclusive of member banks.
specie) from the port of New York to foreign ports for the
Capital A
week ending Feb. 17, and from January 1 to date.
B a n k s . Surplus.
Loans.
Legale. D eposits.! Oirc'l’n. Clearing!.
Specie.
D ry G o o d s ___
G e m m er’ dlse

$ 1 9 ,2 0 8 ,7 8 6
5 5 ,4 4 4 ,8 9 5

$ 1 6 ,5 2 4 ,5 0 1
5 5 ,203 ,4 73

$ 2 0 ,4 4 2 ,3 4 2
5 1 ,2 8 7 ,3 7 8

$ 1 6 ,1 9 4 ,3 6 5
5 0 ,8 4 0 ,9 7 0

E X P O R T S FRO M M EW T O R K F O R TH E W EEK.

1902.

19 01 .

1900.

1890

$8 ,546,771
5 5 ,7 2 0 ,3 1 8

$ 7 ,9 2 9 ,6 7 7
5 7 ,4 8 1 ,3 9 0

$ 1 4 ,5 2 1 ,5 6 8
5 8 ,0 7 0 ,0 8 2

$ 1 0 ,8 2 0 ,1 7 8
5 6 ,4 9 0 ,6 5 1

T ota l 7 w eeks $ 6 4 ,2 8 7 ,0 8 9

$ 6 5 ,3 9 4 ,0 1 7

* 7 2 .5 9 1 ,6 5 0

$ 6 7 ,3 1 0 ,7 2 9

F or th e w e e k ..
P rev. rep orted

N o t e . - A h th e figures o f e x p o r ts as rep o rte d b y th e N ew Y o rk
Custom H ou se from week to w eek fr e q u e n tly whow d iv e r g e n c e fr o m
the m on th ly totals, also corn piled b y th e C u stom H ou se, we sh a ll from
tim e to tim e ad ju st th e to ta ls b y ad d in g to o r d e d u o tln g fr o m the
am ou n t “ prervloasly r e p o r te d ."

N . Y .*
Feb. 1„
8..
•• 16..
“
22..
Boa.*
Fob. 1„

“
“

Feb.

8..

15.

1„
8..

•’

16..

9

184,588,4
180.682,7
184.842,3
184,842,8

9

889,681.7
918.500.0
932:004.7
930,767,0

9

9

52,001,0 187,710.0 15,161,0
52,001,0 180,258,0 16,527,0
52,001,0 185,680,0 15,084,0
38,715,8 170.841,0
38,716.8 170.878,0
38.716,8 177.445.0

~9

$

I

1928152 77,807.4 075,997.0 31.305.2 13760800
1930887 76,028,0 10000819 31.801.7 14540440
1945554 7 2 ,8 2 6 ,2 10152790 31.234.1 12711282
1948080 72,420,8 10194742 81.174.8 11186588
8,430,0 220,601,0
7,008.0 228.822,0
7,720,0 320.473.0

5.095.0 187.032,1
5.207.0 164,480.0
5.800.0 132.153.9

205.011.0
202.470.0
204.024.0

9.702.0 90.700,4
9.780.0 100.050.9
9.780.0 100,105.7

64,172,0
62,901,0
68.114,0

• We om it tw o ciphere in all theee figures.
+ Including to r Boston and Philadelphia the Item “ due to other banks.’ ’

THE

410

CHRONICLE

New tforfc City Clearing House Hanks. -Statement of
condition for the week ending Feb. 15, baaed on average of
daily results. We omit two ci'Ohera f 00) in all eases.
Capital ,3urpiua

BANK S.

« I
a,ooo.o

Loans-

«

S pecie

*
19.056.0

$

3 .3 1 3 .1
isA.uk et N. i ...
3.218.1
а.
080,0
21.209.0 j 6 .0 5 4 .0
2.100.4
M aaLactaa Co.
M erohante’ . , . . . . 2,000,0 1.178.4 13.399.6 a. 0 9 3 ,8
2- 000,0 2,304,8 14.186.0 2 .0 9 0 .0
itfooliioioa’ ____
1,600,0 3.177.6 22.320.1 8 .4 1 9 .2
Aunorioa______
834.0
4 .7 0 3 .0
1, 000,0
273.6
F h o lili...............
C it y .....................- 10, 000,0 8.008.3 1 2 1 ,6 4 4 ,6 27.470,6
300.0 7.047.7 26.323.4 4.216.7
C h em ica l...___ _
797,6
6 .2 4 0 .8
000,0
U cioh»uto* E x ..
914.0
8.903.4
1 , 000,0 3.004.8
S a lU tiu ___ ___
322.0
1.882.0
08,8
300.0
Batek.dt D rov'o'
619.0
130,4, 2.096.0
400.0
Meoh. & Traders
127,2
900.6
176.8
200.0
Green w ish .. . . . . .
822.1
4.181.0
617.8
000,0
Leather M’ t’ ru
6.003.0 1.005.1
18,6
fteruniii N ation ’ 1 1,700,0
A m erican E io fi б, 000,0 3.378.4 81.241.0 8.209.0
C o m m e r c e ....... 10 000,0 7.166.7 83.487.6 12.401.8
7.167.4 1.306.3
1,000,0 1.088.3
B r o a d w a y ..........
1,000,0 1.380.6 14.044.2 2.705.8
M e rca n tile ____
662.8
2.960.8
619.0
422.7
P a c ific ....... „........
073.3
0 , 210,0
097.2
460.0
C h atham ........ ..
220,0
2.197.0
368.8
300.0
P eople's___. . . . .
2.932.6
10.286.4
2
,
100,0
2
,
000,0
N orth Am erica.
63.107.2 10.078.8
3.000. 6.041.2
0
H an ov er___ . . . .
719.8
4.881.0
491.8
600.0
Irv in g
6.800.4 1.117.0
800.7
d t is o n a ’ . . . . . . . . . 1.560.0
217.1
2.020.0
289.4
600,0
Naaaau ..............
0,618,3 1.432.9
900.0 1.088.6
M arket * Fulton
966.8
8.730.6
0 228.2
Shoe A L eather 1. 000.
C orn Exchange.. 1.400.0 1.852.0 23,90 0.0 4.519.0
218.1
2.098.0
416.4
800.0
O rien ta l___ . . . . .
Im p ’t ’ r s 'A Trad. 1.600.0 8.224.9 23.806.0 4.388.0
2 0 0 0 ,0 4.080.0 49.613.0 18,244,0
P a r k ........
163.9
1.228.7
103.0
260,0
Bast R iv er,
3,000,0 2,016,6 22.771.2 4.394.6
F o u r t h ......
10.903.0
2,87
6,0
601.7
1
,
000,0
C e n t r a l.....
9.647.0 1.629.0
300.0 1,062,0
S e c o n d ......
19.780.2
1 0 , 000 ,0 11.364.4 90.872.2
First.............
768,1
4.681.6
336.9
600.0
.Y .N a tT E x o h .
400.0
2.802.0
760.9
260,0
o w e r y .....
777.3
8.638.1
698.4
200,0
N. Y . C o u n ty ....
497.0
8.306.0
416.8
760.0
Herman A m e rl,10.004.8
O haae-......... ....... 1, 000,0 2 688,0 41.236.1
9.440.0 2.614.7
100.0 1,424,1
F ifth A v e n u e ..
216.1
2,201,3
686.7
200,0
German E x e h ..
414.9
8.188.2
830,3
200,0
G erm an ia...___
944.9
300.0 1.037.9 11,000,8
U n e o l n .. . .. . .. . ..
7.606.0 1,556,6
a a r fle ld ... . . . . . . . 1,000,0 1.204.8
488,2
2.143.6
375.7
200.0
F i f t h ,.. . . . . . . . . . .
7.513.0 1.633.8
800,0 1,163,7
B ank o f M etrop
392.0
2.767.0
461.0
200,0
W est S i d e ........
500.0 1.037.4 13.029.0 2.828.0
S e a b o a r d .........
W e s t e r n ......___ 2, 100,0 2,648,6 40.868.1 10.018.2
440.0
4.157.0
640.7
300.0
1st N at., B ’ klyn.
6.931.1 1.262.8
776.7
L ib erty .,___ . . . . .
500.0
727.4
4.161.6
420.8
N. Y. P rod. E x .. 1, 000,0
7.646.1 1.694.0
669.8
250.0
NewAm sterdaix!
4.117.0 1.108.0
430.9
360.0
A s to r ....................
494.0
2.957.0
382,6
500.0
S i d e A L eather.

,

,

f

,

Wo­
re*

i Legale. \ D ep osit)
S
1.646.0
2.109.0
1.672.0
1.094.0

2 ,866.2
300.0
7.242.2
2.389.0
608,9
032.0
78,8
806.0
165.3
218,8
177.7

9

P .0

19.711.0
26.080.0
16,100,8
14.981.0
26.388.1
4.688.0
180,128,0
24.838.0
6.679.2
0,720,6
1,000,9
3.627.0

1.888.0

7,698,8
430.4
1,608,0
484.2
811.7
428.8
1.483.1
6.787.3
440.4
296.3
460.2
746.0
167.6
2.017.0
220.6
1.107.0
4.620.0
198.1
2.214.0
1.062.0
1,016,0
1.602.4
407.6
827.0
388.0
262.2
2,062,0
187.2
924.2
414.2
2.105.0
329.7
108,1
445.4
319.0
1.466.0
2.404.2
766.0
426.0
374.6
035.8
169,0
118.6

886,0

25 2
28-6
27-0
26 3
251
24- 7
26 6
20261

4.030.4
6,089,7
28.816.0
78.810.0
0,017.0
10.684.0
3.891.0
8.244.6
2.712.6
10.031.6
01.686.0
4.010.0
6.968.0
3.084.6
7.204.0
4.243.3
28,002,0
1.980.0
21.629.0
07.854.0
1.808.0
26.847.6
14.263.0
10.807.0
89.378.4
4.411.4
3.141.0
4.473.6
3.209.7
49.656.4
10,670,9
8.428.9
4.744.9
12,691,2
7.028.4
2.348.7
8,812,3
2.963.0
16.393.0
48.495.1
4.382.0
0,799,9
4.094.7
9.035.7
4.360.0
2,283 8

U. S. B o n d s R e id J a n , 3 1 ,1 9 0 2 , to S e v a n —
B o n d s o n D ep o sit
J a n , 3 1 ,1 9 0 2 .

M

oney

in

C

ountry

1902,

I n the U nited
S tates.

T reasury.

$
6
S o ld coin Unc.bul’n in T r e a s .}!,181,219,087 239,010,401
............
♦Gold certificates....................
Standard silver dollars.......... 533,057,617 18,750,204
*Silver certificates..................
.........
8,364,067
Subsidiary silver...................... 92,200,928
8.J,47ti
Treasury notes o f 1 8 9 0 .......
37,633,000
United States n o t e s ............... 846,681,010 10,999,371
............
"C arr’cy c e r t . A c t Ju n e 8, ’72
N ational b a n k n o te s............... 859,444,615 13,00 ',953

1902.

346,437,662

23*7

21 -

30*2

26*2

N

otes—

Ch a n g e s

in

T

otal

of, and

in

D

1901-02.

B on d s.

Jan. 31..
Deo. 31..
N ot . 3 0 Got. 31..
Sept. 8 0 Aug. 3 1 July 3 1 .
June 3 0 May 3 1 -

$
324.031.280
326.280.280
328,107,480
329.833.930
330.721.930
330.279.930
329,348,430
326,219,230
325.928.280

L e g a lten d ers.

$
37,166,224
35,280,420
33,508,525
31,713,069
29,985,481
29,012,804
29,113,530
29,851,503
28,044,373

$
322,278,391
325,009,306
326,212,186
328,198,614
328,845,067
328,406,351
327,039,373
323,890,684
323,538,217

L e g a lte n a e r s .

8 4 5 ,1 1 1
* 8 8 9 ,4 4 4 ,6 1 5

$ 3 6 ,2 8 0 ,4 2 0
$ 3 ,7 1 8 ,6 1 7
1 ,8 3 2 ,8 1 3

1 ,8 8 5 ,8 0 4

A m o u n t o f d e p o s i t t o r e d e e m n a t io n a l
b a n k n o t e s F e b . 1 , 1 9 0 2 ........ . . . 1 .............

$ 3 7 ,1 6 6 ,2 2 4

The portion of legal tenders deposited (1) by banks becom­
ing insolvent, (2) by oanks going into voluntary liquidation,
and (3) by banks reducing or retiring their circulation,
was as follow s on the first of each of the last five months.
L e g a l T en d ’ s

Oct. 1.

J a n . 1.

D e c . 1,

N ov. 1.

F eb . 1 .

$
D ep o sits b y —
$
$
$
6 6 6 ,9 2 0
7 0 7 ,4 7 0
7 6 6 ,7 4 4
tnBOiv’ n tb k s .
7 6 1 ,2 4 5
8 3 7 ,1 7 2
L lq n id ’ g bks, 8 ,3 8 9 ,4 4 3 8 ,8 9 5 ,8 2 6 8 ,7 4 7 ,9 4 8 8 ,8 3 5 ,0 0 8 9 ,9 6 6 ,8 9 9
S e d ’ o ’ g u n d .*
a c t o f 1 8 7 4 . 2 0 ,7 5 8 ,8 6 f 2 2 ,0 5 5 ,9 9 8 2 3 ,9 9 3 ,8 3 3 2 5 ,7 3 7 ,8 8 2 2 6 ,6 3 2 ,4 0 5

T o ta l... 2 9 ,9 8 5 ,4 8 1 3 1 ,7 1 3 ,0 6 9 3 3 ,5 0 8 .5 2 5 3 5 ,2 8 0 ,4 2 0 3 7 .1 6 6 ,2 2 4
* A o t o f J u n e 2 0 , 1874,, a n d J u ly 1 2 . 1 8 8 2 .

Auction Sales—By Messrs. Adrian H. Muller & Son :

Stocks.
O en tra lJT ru st C o ..................1 9 3 1
N o r th A m e r. T r u s t C o . . .2 0 0
B e a l E s ta te T r u s t C o — 4 1 2 ^
T r u s t C o. o f A m e r . . 2 6 7 % -2 7 0
M eeh a n . & T r a d e r s ’ B k . . l 6 0
I n d ia n a p o lis G a s C o . . . . . 60
A m e r ic a n S u r e ty C o ----- 1 6 0
B ir m in g h a m R e a lt y C o .,
p r e f ..................................... . 6 0
B o n d s.
$ 1 0 ,0 0 0 O m a h a W a ter C o . 5 0 y e a r 5 s , 1 9 4 6 ; J & J ................ 8 5 ^
$ 1 0 ,0 0 0 A t o h . T o p . & S a n ta
F e R R . n e w 4s, S eries D o f
1 9 0 6 . (J. P . M , & C o . r e ­
c e ip ts .) ........................ 97 % a n d in t.
$ 1 0 ,0 0 0 A t o h . T o p . & S a n ta
F e R R . n e w 4 s. S eries O o f
1 9 0 5 . (J . P . M . & C o. r e ­
c e ip t s .) ............ ............ 98:% a n d in t.
$ 2 ,0 0 0 N e w A m s te r d a m G » s
' C o. 1 s t c o n . 5 s, J 9 4 8 ; J & J . l l l %
$ 1 2 ,2 1 0 A t la n t ic M u tu a l In s.
s c r ip o f 1 8 9 7 1 9 0 0 ... I 0 0 7s - 1 0 1 %
$ 1 ,0 0 0 I n d ia n a N a tu ra l G a s
6 O il C o , 6 s ..................... .
84
$2,OuO N ip p e r C o n s o l.C o p p e r
Co. 1 s t 6 s, 1 9 2 1 ; M A N ........ 1 0 5

S tocks.
1 5 N a t. S u r e ty C o ......... . . . . 1 5 0
5 0 A m e r ic a n S o d a F o u n t a in
G o., 2 d p r e f ....................... 1 9
2 5 L o u is v . H e n d e r s o n & St,
L o u is R R . , p r e f ........ .
27
3 N a s s a u F ir e In s u r a n c e
C o. o f B r o o k ly n .............. 1 9 3
5 N Y . F ir e In s . C o ............ 9 6
1 5 C o r n E x c h a n g e B a n k . . .4 4 5
1 7 M e c h a n ic s ' B k . o f B ’ l y n . 2 1 8 14
2 0 B o n d & M tg e . G u a r. C o . 4 4 6
3 7 L a w y e r s ’ T it le In s. O o ..8 3 3 i 2
1 0 N at. B k . o f N o r th A m e r .8 0 0
1 0 N a tio n a l P a r k B a n k . . .. 6 4 5 k !
5 M o r t o n T r u s t C o .............1 1 0 0
2 7 M a n h a tta n T r u s t C o ___ 5 5 0
1 0 C o lu m b u s St. B y ., p r e f . . 1 0 2 ^
1 0 0 A tn er. C h iole C o ., c o m . . S l 3^
1 ,2 0 " S a n d F o r k E x te n s io n
011 C o ........ ............................. $ 5 0 lo t
9 Laflintfe R a n d P o w d e r C o .2 3 6
1 0 A m e r. B x o h a n g e N a t. B k .2 7 5
1 0 M o u n t M o rr is B a n k ___ 2 2 5
2 N at. C ity B a n k ........ . . . . 6 0 0
4 0 I r v in g N at. B a n k . . . . ___ 2 4 0
l o L in c o ln S a fe D e p o s it C o. 1 6 5 !s
5 N a t. C itiz e n s ’ B a n k ___ ..2 2 5
3 0 I m p o r t . & T r a d . v a t . B k .6 5 0

$

615,576,805
2 7 5 ,6 0 7 ,2 7 9

72,315,490
4 1 9 ,7 3 9 ,8 3 2

81,979,091
88,t91,8.31
333,054,404
995,000
333,300,391

5
17
10
35
200
115
100
129

.fganfeiud anil ffitmujciaL

e p o s it e d

encer

T ota l.

$
$
37,166,224 359,444,615
3 *•,280,420 360,289,726
33,508,525 359,720,711
3 1 ,7 1 3 ,0 6 J 359,911,683
29,985,481 358,830,548
29,012,804 357,419,155
29,113,530 356,152.903
29,851,503 353,742,187
28,044,373 351,582,590

For fu ll explanation of the above table see C hronicle Dec.
14, 1901, page 1232, first item in Financial Situation.
The following ihows the amount of each class of bonds
held against national bank circulation and to secure public
moneys in national bank depositories on January 31.

Trask

Sp <

&

Co*,

BANKERS,

2 7 & S© F T N E S T R E E T ,

-

NEW YORK

Transact a genera) banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in

C ir c u la tio n A flo a t U n d er

B on d s.

* 3 6 0 ,2 8 9 ,7 2 6
$ 5 ,2 1 6 ,6 7 7
6 ,0 6 1 ,7 8 8

L eg a l T en d er N o tes—
A m o u n t o f d e p o s it t o r e d e e m n a t i o n a l b ank
n o t e s J a n u a r y 1 , 1 9 0 2 . . .............. ..................
A m o u n t d e p o s it e d d u r in g J a n u a r y .................
A m t. o f b a n k n o t e s r e d e e m e d in J a n u a r y ...

B o n d s , Etc.—We give below tables which show all the
monthly changes in Bank Notes and in Bonds and Legal
Tenders on Deposit. The statement for December, 1901, will
be found in the C h r o n i c l e o f January 18, 1902, page 130.
B onds and
L eg a l T en d ers o n D eposit
f o r B a n k C ir c u la tio n .

$324,031,280

A m o u n t b a n k n o te s a flo a t F eb. 1 , 1 9 0 2 . .

22*8

22*1
26*8
33*5
20*6
28 6
27 5
24*5
239
20*5
23 1
30*0
23'6
25-0
25'5
33*2
174
24*2
24*7
27*8
24Y
24*0
23*1
25 5
275
24*8
30*9
240
30 8
26 0

* F or redem ption o f outstanding certificates an e x a ct equivalent in am ount
o f th e appropriate kinds o f m on ey is held in th e Treasury, and is n ot included
in th e account o f m oney held as assets o f the G overnm ent.
+ This statem ent o f m oney held in the Treasury as assets o f th e G overn­
m ent does n ot include deposits o f public m on ey In national bank deposi­
taries to the credit o f the T reasurer o f the U nited States, and am ounting to
1106,029.962.
k

12,500
4 0 0 ,5 2 9 ,5 0 0
9 6 5 ,0 0 0

N a t io n a l B a n k N o te s — T otal a flo a t—
A m o u n t a flo a t J a n u a r y 1, 1 9 0 2 . . ........
A m o u n t is s u e d d u r in g J a n u a r y ...............
0
A m o u n t r e t ir e d d u r in g J a n u a r y .............

28 1

P opu lation o f th e U nited States F eb. 1,1902, estim ated at 78,550,000; circu­
lation per capita, $28 77.

Ban

80,428,800
965,000

*733,400
1 2 ,3 7 4 .6 0 0
1 0 ,7 7 2 ,0 5 0
1 0 ,5 5 8 ,8 8 0

20-0

....2,£50.202,261 290,250,5.2 2,259,951,709 2,190,780,213

T o ta l....

$833,400
6,013,500
2,750,100
8,821,080
12,500
311,100,700

The foregoing does not include the bonds held in the New
York Sub-Treasury against deposits in banks. There were so
held on Jan. 81 $11,293,000 bonds, making the whole
amount at that date in possession of the Government as se­
curity for deposits $123,206,660.
The following shows the amount of national bank notes
afloat and the amount of the legal-tender deposit January 1
and February 1, and their increase or decrease during the
month of January.
_____

24 0
23 3
83*7
26-8
24'4
33 9
25- 8
202
27 0
26 3
23 7
24 1
27 4

1901.

$

to ta l H eld .

274

-M o n ey 4n C ircu lation .F e b . 1,
Feb. 1,

634,733,847
307,504,839
71,295,873
413,011.480
83,842,830
3 ’ ,443,624
385,681,646

$400,000
6,361,100
8,021,950
0,737,800

$111,914,650

.—

+ Held in

Bank
C ir c u la tio n .

5
* R e d e e m a b le a t o p t io n o f th e U n ite d S t a t e s ,

The following table
shows the general stock of money in the country as well as
ihe holdings by the Treasury, and the amount in circulation
on the dates given. The statement for Dec. 1, 1901, will be
found in the C h r o n i c l e o f Dec. 28, 1901, page 1841; for that
o f Feb. 1, 1901, see Feb. 28, 1901, page 373,
^ S to c k or M on ey Feb, i.of

P u b lic D ep osits
in B a n k s.

5 p. o t s ., 1 8 9 4 , d u e 1 9 0 4
4 p e r o ts ,, fu n d e d 1 9 0 7 ..
4 p, o t s ,, 1 8 9 5 , d u e 19 25
3 p . o t s .,*98, d u e 1 9 0 8 18
2 p e r o t s ., fu n d e d 1 8 9 1 * .
2 p. e ts ., 1 9 0 0 d u e 1 9 3 0
3 "0 5 s D ie t. O o l., 1 9 2 4 ...

T o t a l............. 83,022.7 10121961982,004.7 1945554 72,825.2 10162790 20*3
Stock

LXXIV,

VOL.

J

INVESTMENT

SECURITIES-

Members N, Y. Stoek Exchange.
G

b o m ie

B

a r c lay

M

o ffat

Branch Office.

,

Mo ffat

A

6 State St., A lban?

le x a n d e r

M,

W

h it s

Jk,

& W h ite,

BANKERS,

Members New Y ork stock .ffixchange,

K o. 1 N A SSA U S T R E E T ,

INVESTMENT

-

NEW

Y O B ii.

SECURITIES.

Tracy & Co*, Bankers,
No. 10 W a l l Street, N E W Y O R K ,
CHICAGO.

Connected by private wire.

MILW.VO K.SK

D e a le r s in H ig h G r a d e B o n d * ,
List of Current Investment Of trims sent on AppHe.u*on.
u . i n K . . . t s e w Y o r k S to c k E x c h a n g e .
M e m b e r s j C h ic a g o S to c k E x c h a n g e

C o u U H ta e io u O r d e r *
K ste e u te d tu a ll M a r k e t *

IHE CHRONICLE.

F ebruary 2 2 , 190'i.J

^ m

X u v s ’

.

R a i lr « n dn ( S t e a m ) .
1**4 A p r
2 :'-i M ar

1

S tre e t R a ilw a y * .
A m erlo an R a ilw a y s, Plitla. (q u a r .)........
M i s c e l la n e o u s .

N a tio n a l F irep roofing, com . (q n a r .)—
Ohio & Inrt. Con. N a t. & I. G a s ( q u .) ...

Feb

1*4 M a r
2 ’ .. M ar

U n ite d S ta te s B o n d s . —Sales of Government bonds at the
Board include $(>,000 4s, reg., 1907, at 112; $6,000 8s, coup.,
at 108%, and $500 2s, reg., at 108%. The following are the
daily C lo s in g quotations ; f o r y t a r ly ra n g e nee th ir d p a g e

B o o k s C lo s e d .
(D a y s I n c lu s iv e .)

W h en
P er
C en t P a y a b l e

N am e o f C om pany.

buying 75c. discount, selling 75o. premium: Charleston,
buying 1-16 discount, selling 1-16 premium: New Orleans,
bank, $1 00 premium; commercial, par; Chicago, par; St.
Louis, par; San Francisco, 12%c. per $100 premium.

(Sa^jette*

d i v i d e n d s

1 M ar 2
1 Fel) 21
28 Feb 21

M a r (!
M ar 2
F eb 28

to
to
to

15 M ar 2
to
M a r 14
1 H old ers of rec. Fob 18

to
M ar 15 F e b 2 6
M ar 15 H old ers of reo.
to
F e b 2 8 F o b 21
to
Feb 2 5 F e b 15
to
1 34 M a r 15 M a r 1
to
2 M a r 5 F ob 2 3
to
M ar
1 Feb 20
1

2
1 34
1 34
1*4

W A L L ST R E E T , F R ID A Y , FE B. *1 ,

1 9 0 3 .-5

M ar
Feb
Fob
Feb
M ar
M ar
M ar

10
28
28
25
16
4
1

F . 91.

The Money Market and Financial Situation.— There was
practically no change in the general tone and character of
the security markets during the early part of the week.
The stock market continued moderately active, notwith­
standing the almost impassible condition of city streets and
country roads, and interest in a few low-priced shares was
increasing on account of dividend prospects or other new
developments impending. The advance in some of these
issues was quite unusual, as may be seen in our review of
the stock market. There was at the same time a steady
demand for railway bonds, the transactions on Tuesday
amounting to nearly $6,000,000, par value, and in several
cases these, too, showed substantially higher quotations.
The announcement on Thursday morning that the Attor­
ney General, acting under the recommendation of the Presi­
dent, will bring an action against the Northern Securities
Company to test its legality under the Sherman Anti-Trust
law, was a great surprise and changed, decidedly, the pre­
vailing sentiment in W a ll Street. The immediate result
has been a sharp decline in stocks, led by the issues most
directly affected, and the effect upon other consolidation
plans is looked for with a good deal of interest.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to 2 % per cent. To-day’s rates on call 2 to 2 % per
cent. Prime commercial paper quoted at 4 @ 4 % per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £616,068, and the percent­
age of reserve to liabilities was 47-l8, against 48'24 last
week; the discount rate remains unchanged at 8 per cent.
The Bank of France shows an increase of 25,325,000 francs
in gold and 4,625,000 francs in silver.
To-morrow being Washington’s Birthday and a legal holi­
day, the Clearing-House bank statement was issued to-day.
It shows an increase in loans of $4,752,9* 0; decrease in circu­
lation of $59,800; increase in deposits of $4,195,200; increase
in specie of $343,500; decrease in legal tenders of $398,900
and a decrease of $1,104,2* 0 in surplus reserve. In the fol
lowing we give the figures for the previous week in our
usual form in order to preserve the record.
1902
Feb. 15
$
8 3 ,6 2 2 ,7 0 0
C a p it a l.......................
1 0 1 .2 1 9 .6 0 0
S u r p l u s .....................
Donne <fc discou n t* 9 3 2 ,0 0 4 ,7 0 0
3 1 ,2 3 4 ,1 0 0
C irc u la tio n ...............
N e t d e p o s it * ........... 1 ,0 1 5 ,2 7 9 ,0 0 0
1 9 4 ,5 5 5 ,4 0 0
S p e c ie .........................
7 2 ,8 2 5 ,2 0 0
L e g a l te n d e rs .........

Differences
from
previous week

1901
Feb. 16

$

7 4 ,2 2 2 ,7 0 0
9 2 ,2 5 7 ,5 0 0 ;
In o 1 8 ,4 9 8 ,7 0 0
9 1 4 ,6 2 3 ,0 0 0
D ec
6 7 ,6 0 0
3 1 ,1 5 8 ,6 0 0 1
I n o 1 4 ,5 9 7 ,1 0 0 1 ,0 1 1 ,3 2 9 ,0 0 0 1
1 9 3 ,2 1 3 ,4 0 0 ;
In o 1 ,5 1 6 ,7 0 0
Deo 2 ,2 0 2 ,8 0 0
7 2 ,4 7 1 ,3 0 0

1900
Feb. 17
6 8 ,4 2 2 ,7 0 0
8 0 ,9 8 0 ,2 0 0
7 3 4 ,4 1 9 ,2 0 0
1 7 ,2 9 6 ,8 0 0
8 2 1 ,0 1 8 ,1 0 0
1 6 3 ,7 3 3 ,5 0 0
6 5 ,5 3 6 ,7 0 0

R e s e rv e h e ld ...........
L e g a l r e se r v e .........

2 6 7 .3 8 0 .6 0 0 Deo
2 5 3 ,8 1 9 ,7 5 0 In o

6 8 6 ,1 0 0
3 ,6 4 9 ,2 7 5

2 6 5 ,6 8 4 ,7 0 0
2 6 2 ,8 3 2 ,2 5 0

2 2 9 ,2 7 0 ,2 0 0
2 0 5 ,2 5 4 ,6 2 6

S u rp lu s re se r v e

1 3 ,5 6 0 ,8 5 0 Deo

4 ,3 3 5 ,3 7 5

1 2 ,8 5 2 ,4 5 0

2 4 ,0 1 5 ,6 7 5

N o t * . — R e tu rn s o l sep arate b a n k s appear on p a ge 4 1 0 .

Foreign Exchange.—The foreign exchange markethas been
strong most of the week, but no gold exports have occurred.
To-day’s actual rates of exchange were as follows: Bankers’
sixty days’ sterling, 4 85@4 8 5 % ; demand, 4 87%@4 87%;
cables, 4 88@4 88%; prime commercial, sixty days, 4 84% @
4 84,%; documentary commercial, sixty days, 4 84@4 85%;
rain for payment, 4 85(34 85%; cotton for payment,
84(34 84%; cotton for acceptance, 4 84% @ 4 84%.
Posted rates of leading bankers follow:
February HI

Hixty Days

411

Demand

P r im e b a n k e r*’ ste rlin g bills on L o n d o n . 4 8 6 * * @ 4 8 0
[4 8 8
@ 4 88*4
...........
Crim e co m m erc ia l................................................... 4 8 4 8« @ 4 8 4 7b
D o cu m e n ta ry com m ercia l................................. 4 8 4
@ 4 85*4 |
...........
P arle ban k er*’ (F r a n c e ).....................................[6 18>« @ 5 17*4* 6 1 6 °» * @ 5 16*a
A m sterd a m (gu ild ers) b a n k e r * ...................... I 8 9 lr*ia@ 4 0
4 0 1* @ 4 0 3i«
F r a n k fo r t or B rem en (relchrn’ke) ban k er*
96
@ 9 5 * i«
95*4 @ 9 6 Bi«

• Ue*e i] « .

The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah^

fo llo w in g .
In terest
P erio d s
1 9 3 0 .............. registered
1 9 3 0 ............ . . . coupon
1 9 3 0 .sm a -l.reglstered
1 9 3 0 .sm all ___ coupon
1 9 1 8 .............. registered
1 9 1 8 ............ . . . coupon
19 1 8 . sm a ll.reg istere d
1918, sm all ___ coupon
1 9 0 7 . .......... registered
1 9 0 7 ............ . . . coupon
1 9 2 5 ............ registered
4s, 1 9 2 5 ............
5s, 1 9 0 4 ............ registered
5s. 1 9 0 4 ............

2s,
2s.
2s.
2s,
3s.
8s.
8s.
3s,
4s,
4s,
4s,

F eb.
17

F eb.
IS

F eb.

Q —Jan
Q —Jan

F eb.
F eb.
20
21
llJ ...
*108*4 *108*4 *108*., ‘ 108*8 *108*4 ‘ 109
‘ 108*4 *108*4 *108*4 *108*8 * 1 0 8 *u * 1 0 9

Q — Feb
Q —Fob
Q — Feb
Q — Feb
Q — Jan
Q ~ J tin
Q — Feb
Q — F ob
Q — Feb
Q — Feb

_____
*108*4
‘ 108*4
_____
*108*4
112
*112
*139*8
*139*8
*106
*106

.........

F eb.
15

...... ......
...... ...... ..... .
...... ...... ______ ______ - - - - - *108*4
*108*4
__ . . .
‘ 108*4
‘ 112
‘ 112
*1 8 9 *s
* 139*8
‘ 100
*106

* T b is 1* tb e price bid a t th e m o rn in g board; n o

*108*4
‘ 108*4
______
*108*4
*1 1 2
*1 1 2
*139*8
‘ 139*8
*106
*106

*108*4 *108*4
*108*4 *108*4
-----‘ 108*4 *108*<j
*112
*112*8
*112
*112*8
* 1 39*8 - 1 3 9 'a
'1 3 9 * 8 * i :;9>8
*106
*106
‘ 100
‘ 100

sale w a s

*108*4
1 0 8 7a
......
*108*4,
*1 1 2 *8
*1 1 2 *8
*139*8
*1 39*8
*1 06*4
*1 08*4

m ade.

State and Railroad Bonds.—Sales of State bonds at the
Board are limited to $7,000 Tennessee settlement 3s at 95.
The market for railway bonds has been fairly active and
generally steady to firm in tone. The event that caused a
sudden depression in stocks had scarcely a perceptible effect
in this department, and several issues close notably higher
than last week. The strong features were Detroit Mackinac
& Marquette land grant 3%s, Fort W orth & Denver City lsts,
Wisconsin Central gen. 4s. Wabash debenture Bs and the
Standard Rope & Twine issues. The Wabash issues men­
tioned were dealt in on an enormous scale, and although
they reacted somewhat from the best prices of the week,
close higher than our last quotations. In addition to those
already mentioned the active list includes Union Pacific,
Southern Pacific, St. Louis Southwestern, Colorado Mid­
land, Baltimore & Ohio and Atchison issues.
Stock and Bond Sales.—The daily and weekly record of
stock and bond sales at the various stock Exchanges, for­
merly given on this page, has been transferred to a place by
itself. It will be found to-day on page 418.
Railroad and Miscellaneous Stocks.— The stock market
was firm on Monday, several issues advanced from 1% to 3
points, and a long list of stocks gained a point or less. The
tone was more conservative on Tuesday and changes were
about evenly divided between higher and lower quotations.
Wednesday’s market was decidedly irregular, and on Thurs­
day great disturbance was caused by the news from W ash­
ington as noted above. The liquidating movement that
followed resulted in a decline of from 1 to 6 points in nearly
every issue dealt in, and the transactions aggregated over
1,000,000 shares. The volume of business to-day was about
normal and changes were generally to a fractionally higher
level—showing some recovery from yesterday’s shock.
Previous to the disturbance mentioned there were a few
conspicuously strong features of the market, including
Lackawanna, Chicago Indianapolis & Louisville, Evansville
& Terre Haute, Pere Marquette, Burlington Cedar Rapids &
Northern and the ‘ 'Soo Line” issues, which bad advanced
from 6 to 15 points above last week’s closing prices. Sharp de­
clines are noted at the close in Great Northern, North W est,
St. Paul, Union Pacific, Lackawanna, American Sugar Re­
fining, and several less prominent stocks. The miscellaneous
list was neglected and relatively steady.
Outside Market.— The outside market was rather quiet,
and as to prices somewhat irregular, on Saturday and Mon­
day, but by Wednesday trading became brisk and the tone
strong. On Thursday, however, when the contemplated
action of the Federal Government in the case of the North­
ern Securities Company was made public (see Investment
News), the natural result was that business in most of the
issues fell off decidedly. In the stock immediately con­
cerned, the price of which was 106 on Wednesday afternoon,
trading opened Thursday morning at 104, dropped sharply
to 102%, recovered to 103%, receded to 102%, rose again to
103% and closed the day at 102%. Various reports estimated
the sales for the day between 10,000 and 20,000 shares.
Prices for most of the other issues dealt in remained fairly
steady, and a few stocks, notably American Can and H ack­
ensack Meadows, advanced. To-day conditions were more
settled and the market was fairly active and prices firmer,
with Northern Securities selling between 102% and 101%,
closing at 102%. The shares of the new corporation, the
Metropolitan Securities Company, organized to finance the
needs of the Metropolitan street Ry , came out on the curb
on Saturday at; 110@120 (when issued). The stock sold up
on Monday to 134, but lowered later to 124%, and with few
transactions since felosed to-day at 123@126. Subscription
rights opened at 6 and sold up to 14%, but subsequently
went back to 10% and closed to-day at 10%. American Can
common closed at 16% to-day against 13% last Friday, and
the preferred ends the week at 57% compared with 54%.
Hackensack Meadows advanced from 58% to 62%, and
closed at 62%. Little change is shown in the prices for the
rest of the list. Copper stocks have been quiet and irreg­
ular. Quotations will be found on page 418.

New York Stock Exchange—Stock Record, Daily* Weekly and Yearly
o m p v iN o
8 T Q O M .8- L L 1 & H E 8 T A N I * L Q W F & T

.H A L F F M I 0 E 8

~

duy
F eb. 1 ?

F eb. 1 8

F eb. 19

F r id a y
F e b . 21

|i 1

$161
*1 4 0
*104
164
*314
1014
-1 1 !)

-3 1
35
34
-3 2
65
6 4 4 6 1 4 -6 4
774 774
77 4 7 7 4
9 7 4 98
98
984
1 0 4 4 1 0 5 4 104% 1 0 5 ^
95
-9 4
94% 94%
62 4 63 % . , 62-4 03 4
-111
120
120
'1 1 1
-1 4 0
142
142
-1 1 0
169
160 100
lo o
115 115 4 1 1 5 4 1 1 5 4
^phiV
87
88 4
87
*193 1 uU * 193 196
46
46 4 46 4
464
314
34
314 354
754 764
- 754 76
1 41
1 4 1 4 1 4 1 4 141
-1 3 8 140
$140
140
24 4 244
24 4 24%
92% 92%
9 2 4 924
86
8 6 4 864
86
4 7 4 47 4 *46
464
544 564
554 584
794
79% 79%
79
1 0 5 4 1 6 6 4 165 4 1 6 6 %
-1 9 0
1 9 1 4 -1 9 0
192
220 220
*218 220

33
33
*33
34
* 6 4 4 65
64
044
77
774
75
76%
9 6 4 97
9 7 4 974
104 4 1 0 5
102 4 104%
94
94
*9 4
95
6 2 4 63 %
61 4 6 2 4
*111 1 1 a
M il
120
*139 145
142 114
140 162
...... ......
1 1 5 4 1 1 6 % 114 115
85 4 86
-8 6 4 87 4
*193
196
"1 9 3
196
45
45%
45 % 46
3 4 % 36
35 4 37%
76
77 %
764 764
1 4 1 4 U V 4 139% 140 4
* ......... 140
*1 3 8 140
2 3 4 23 %
24
244
924
*91
9 2 4 *91
85
85
-8 5
864
46
4 6 1 *45
464
59% 6 1 4
5 8 4 63 %
7 8 4 79 %
7 9 4 81
165 1 6 6 4 1 6 2 4 164%
188
ig 8
190 190
*218 2 2 0 4 2 1 2 4 2 1 7 4
243 243
164 165
163 4 164
163% i.64
1 5 8 4 163
*135 145
*135 145
*135 145
. . . . . . *192 196
* 193 196
*193
196
-1 6
17
* 16
164 164
164
16 4 1 6 4
31
30 4 30%
- 3 1 4 32
314
314 314
99 1 0 1 4
1 0 1 4 1 0 1 4 1 0 1 4 1 0 2 4 IO2 4 IO2 4
119 123
*118 123
*118 123
M IS
123

164
115
196
16 4
32
1014
121

18*8 19«fe
66% 67 4
34 4 36 4
172
172
*2 8 1 284
*44
45
03*4 93 4
*40
60
*4 0
60
*4 0
41
14 4 144
35
*33
124 124
2 3 4 23 4
3 9 4 40
69% 7 0 4
56% 5 6 4
62
62
36
188

934 934
60
*40
60
*40
*40
41
*134 144
*33
344
12
124
23 4 24
394 394
694 704
5 6 4 574:
62
62
*90
91
35
37 4
189 1 8 9 4

36
1884

144 154
* 6 7 4 684
844 844
1404 1414
4 7 4 49
804 814
37
37
834 834
22
*2 1
* 4 7 % 48%
*6 8
*1 3 2
*3 3 0
*81
1044
1324
167%
*384
*884
284
164

184 194
6 6 4 674
35 4
35
1714172
283 2 84

71
135
350
83
1054
134
1711-2
40
92
284
164

110% 110%
*1 2 1 1 2 3 4
434
43
5103% 103%
25
25
54
544
1 0 3 % 104
96
-9 2
1634164
* 4 8 4 50
*1 1 5 120
86
86

144 144
68 4 6 8 4
84 4 8 5 4
1 4 0 4 111
4 8 4 49
81
SI
* 3 6 4 38
834 834
204 214
49
48
16
*13
45
*40
68
68
*131 134

1 8 4 19
1 8 4 13%
6 6 4 67%
6 6 4 66 %
344 354
344 344
172 173% 172
172
285 290
*282 285 4
44 4 4 4 4
44 % 44%
93% 93%
93
934
*40
60
*45
60
*46
*50 . . . . . .
40
40
*39
40
*1 3 % 3 4 4 * 1 3 4 1 4 4
*33
*33
35
1 2 4 12%
12 4 1 2 4
23 4 2 4 4
23% 2 4 4
39 % 40%
394 394
69% 70 %
6 9 4 69%
57
56
564
574
61% 62%
62
64
*90
91
91
97%
37
37
*354 374
189% 1 9 0 4 1 9 0 4 1 9 0 4

* 3 2 4 35
65
65
75% 75 %
9 0 4 97
102% 1 03%
93% 93%
61% 02
*112 120
*139 144
...... ......
114 114%
86
86
192 192
45
45%
37 % 37%
76 4 76%
139% 1 4 0 4
138 138
23 % 23%
MM
92%
*8 4 4 85 4
45
45
60 % 64%
78% 80%
162% 163%
18841884
215 218%
159%
*135
*193
15%
30%
99 %
*118

i 61
145
196
16
31
100%
120

1 7 4 18
66
664
33
33%
1714172
280 282
43
44%
91
924
*45
60
*45
65
39
39
134 134

17 % 2 0 4
66
69 4
33 % 36%
1714172
280 283
43% 4 3 4
9 1 4 91%
§40
40
*45
65
*36
39

1 1 4 12
2 2 4 23%
3 8 4 38%
6 8 4 69
5 5 4 56
61 4 62%
96
96%
*34
37 4
1844186%

114 114
23
23%
37% 38%
67% 6 8 4
5 5 4 56
61% 61%
96
96
35
37
1834184

14 % 14%
1 4 % 14%
144 144
15
15
67
67 4
68
66% 6 7 4
68
68
68
83% 84
8 3 4 84
8 4 4 85
83% 84
141 1 4 1 4 140 1 4 1 4 139 140
13841394
46% 48
46 % 47
48
48%
4 8 4 49
*7
6
79
76
79
80
80
804
804
37
37
*37
3 6 % 36%
38
3 7 4 *36
8 1 4 83
8 2 4 83 %
8 3 4 84%
83% 8 3 %
21
21
21
21
*21
22
2 1 % 22 4
46% 48 %
49
494
474 484
48% 4 8 4
*13
14
*13
*1 3
14
14
*13
14
*40
45
*40
4-5
*40
45
*4 0
45
67
67%
*67
66
67
69
67% 6 8 4
*130 134
*130 135
133 133
*131 134

*80
83
*81
83
*81
82
105 1 0 5 4 105 105% 1 0 4 % 105%
134 135% 1 3 3 4 1 3 4 4 1 3 3 4 1 3 3 %
1 7 1 4 1 7 2 4 1 7 0 4 1 7 1 4 169% 1 7 0 4
39
39
* 3 7 4 39 4 * 3 7 4 3 9 4
* 8 9 4 91
* 8 9 4 91
*90
92
28%
284
284 284
28% 28%
1 6 4 164
16% 16%
164 164
*
£
165
1 65
11041104
IIO 4 1 1 0 4
10941104
*121 123
*121 1 2 3 4 *121 1 2 3 4
434 464
4 7 4 49
4 6 4 49
1034109
109 111
108% 110
2 5 % 25%
2 5 4 254
2 5 4 26
544 554
554 564
5 5 4 56
1 04 1 0 4 4 1 03% 1 0 5 4 1 0 3 % 1 0 4 %

PACES

STO CKS
N E W Y O R K STO C K
EXCHANGE

v
9 . __ .
77% 773j l A 974
1 0 4 4 1054
94
94
6:id
63
*11 1 120
*110
142
ISO
147
*115
1 15 4
80
364
*19 3 19*>
46
46 4
34
3-1 4
§ 7 0 % 10 4
142 14*1
<*
140
*24 4 - 4 %
0|
92 4
86
86
47 4 47 4
5 8 % 54 4
70 4 80
105 4 166
* 100 192
*2 1 7 4 220

TW O

*80
82 4
103% 104%
132 133 4
168 1 6 9 4
-3 7 4 3 9 4
90
90
28
28%
164 164

*8 1
83
103% 1 0 4 4
1324134
167% 16 8 %
*37
39 4
*884 904
28
28%
16% 1 6 4
* ____ _ 165
109 1 0 9 4 108 109%
*118 122
4 6 4 48
46
47
1084109
109 109
24 % 25
2 4 4 24%
53 % 55
5 3 4 54%
1014102% 1 0 1 % 1 0 2 4
§19641964
*90
95
*92
95
90
90
1 6 4 4 1 6 4 4 1 63% 1 6 4 4 1 6 3 4 1 6 4 4 162 .163% 162 163
494
4 8 4 49%
49
49 % 50
49
494
4 8 4 48 %
*115 120
*115 120
* 115 120
*115 120
*115 120
*82
87
*8 4
87
*82
87
87
*8 4
87
AS4

. . . . . . *.**•,
* 2 1 0 % 212
-2 1 0 212
*2 1 0 212
*2 1 0 212
*2104212
334 344
33 % 34
3 4 % 34%
33% 3 3 4
333a 34
33 % 35
56
57 %
56
56%
574 574
574 574
5 7 4 58
5 7 4 U / '8
90
90
904 904
* 9 0 4 91
* 9 0 4 91
- 9 0 4 91
* 9 0 4 91
7 4 4 *73
75
* 7 2 4 74
i5
*73
74
7 4 4 *73
*7 3
*73
*102 105
*102 105
*102 105
*102 105 " *103 105
*102 105
*77
81
82
*7 7
81
81
*78
*79
81
*7 9
81
*7 8
1 5 0 4 1 5 1 4 151 ' 151% 151 1 5 1 4 1 5 0 % 1 5 1 % 1 4 9 4 1 5 0 4 1 4 8 % 149%
42
*
4
0
43
39
41
*40
43
*40
43
44
*4 0
*4 0
71
*70
80
71
*71
75
79
79
$75
90
*80
95
*8 0
90
*80 ‘ 85
*80
*8 0
95
7i
* 8 5 % 87
864 864
*
1
05io
i
l
5
*1 0 6 ~ 115
574 584
5 7 % 58%
55 4 57
55% 5 6 4
5 7 4 58
5 8 4 59
8 3 4 83%
82 % 83% # 8 1 4 81%
84
84%
84
844
834 834
6 7 4 69
6 9 % 70
66% 6 8 4
66 % 68%
6 7 4 6S%
68% 7 0 4
117 1 1 7 4 1 1 7 4 1 1 7 4 1 1 7 4 1 1 7 4 1 1 7 4 1 1 7 4 1 1 6 % 1 1 8
1164H 64

M a les o f

rr ei/rC
S h a res

M ange fo r Y ea r 1 902
M a n g e t o r Mr e m e u s
O n b a s is o f 1 0 0 -s h a r e l ota
Y ear (1 9 0 1 )
L ow est

L ow est

H ig h est

R ailroad er
300 83 F e b 20
A n ii Arbor
811 63 Jan 9 06 J ail 3
H D o prof........ .................
A toll. Topeka & Santa Fo. 46,150 7 4 % J a il 2 7 81% Jan 3
Do p r e f... ................... 16,010 9 5 4 Jan 27 103% Jan 6
lYaltiindro
Ohio . . ____ 50,539 101 Jan 14 108 % J an 3
1,015 93% Feb 21 97 Jan 2
M Do xu’c t .....................
Brooklyn Rapid T ra n sit.. 34,130 60% Feb 14 68% Jan 3
<,•*---. 115 Jan 13 118% Jan 3
Buffalo lioch,
Pittab’g.
810 141 Feb 11 144 Feb 19
I)o prof..........................
600 139 Feb 13 160 Feb 17
Burl. Cedar Rapids&Nor.
/ fauadian Pacific............. 12,500 112% Jan 28 117 Jan 2
1,000 85 % J an 6 89 Feb 7
C^anada Southern.............
200 188% Jan 17 198 Jan 6
Central of N ew J e r se y ...
6,200 45 F e b 20 48 % Jan 2
Ohesafieake & Ohio...........
Chicago tfc A lto n ................. 49,980 33 % J an 22 37% Fel) 21
4 ,610 75 % Feb 10 77% Jan 3
B o p ref......... ...............
2,100 134% Jan 21 144% Jan 29
Chicago <fc E ast’ll Illinois
150 1 3 7 % Jan 11 140% Feb 14
B o pref.........................
Chicago Great W estern .. 17,600 22 % Jan 25 2 4 % Feb 1 8
890 91 Jan 8 9 2 % Feb 14
Do 4 p. c. debentures
910 83% Jan 22 86% Feb 17
Bo 5 p, c. pref. “ A ” ..
600 4 3 % Jan 24 4 7% Jan 2
Do 4 p. c. pref. “ B ” ..
Chic. Indianap. <& Louisv. 69,870 49 % Jan 14 64% Feb 21
14,950 75 Jan 16 81 Feb 19
Do pref........... .............
Chicago M ilw . <& St. Paul. 103,520 160% Jan 27 168% Jan 2
525 186 Jan 14 193 Feb 7
Bo p ref......... ...............
2,925 204% Jail 14 223% Feb 7
Chicago tfe North w estern
1 0 0 ‘>30 Jan 18 248 Feb 0
Du pref
8,190 152 Jan 15 166% Feb 11
Chic. Rock I s l’d & Pacific
1 an TfrU) <; 14 4
Feb 7
196 Feb 6 197 Feb 7
Do p r e f . . . . . . ___ _____
1,400 15% F e b 21 IS Jan 18
Chica go Te r uT 1 T ran sfer.
1,500 30% F e b 20 33% Jan 11
Do p ref.........................
5,700 9 5 % Jan 14 105% Feb 7
Cleve. Cm, Chic. & St. L .
118 Jan 21 123% Feb 6
Bo pref
35 F e b lu 35 L Feb 17
77 % Jan 27 7 7 L Jan 28
Colorado & So., vot. trust 121,000 14 % Jan 15 2 0 % Feb 21
Do 1st pi, vot, tr. cfs. 15,330 59% Jan 15 09% Feb 21
B o 2d p f. vot. tr. ctfs. 2 7 ,880 28 Jan 14 36% Feb 21
3,000 170% Jail 27 1 8 4 % Jan 7
TYelaware
H u d son ___
2,716 253 Jan 15 297 Feb 4
-L 'elaw . Lack. & W e s t’n.
920 42 Feb 3 4 6 Jan 2
Denver & Rio Grande___
6,000 90% Jan 21 94 % Feb 13
B o p ref..........................
20 49 Jan 10 49 Jan 10
Denver & Sou th w estern .
Bo pref
49 Jan 20 50 Jan 11
100 39 Feb 1 42% Feb 13
Des M oines <& Ft. Dodge.
200 13 Feb 3 16% Jan 6
Detroit South.vot. tr. ctfs
Do pref vot. tr ctfs.
33 % Jan 28
5,180 10 ~ Jan 15 1 2 % Feb 18
Duluth So. Shore
A ll..
8,395 18% Jan 14 2 4 % Feb 5
Bo pref..........................
L Jn e........................................ 84,290 37 % Feb 21 4 4 % Jan 2
1% Do 1st p r e f . . . . ........... 13,610 67% Feb 21 75% Jan 2
4,100 55 Jan 27 63% Jan 2
Bo 2d pref...................
Evansv. <fe Terre H a u te .. 12,050 57 Jan 13 64 Feb 19
4,165 87 % Jan 31 97 % Feb 19
Do pref
900 30 "J a n 2 37 % Feb 17
Ft. W b fth & D en . C.,strap.
6,600 183 Jan 14 191% Jan 6
Great Northern, pref........
Green r a \V del), off. A
70 Jan 11 78 Feb 11
81
Bo
deb. ctf. B
9 J an 8 16% Feb 10
2,4 0 0 66 Jan 15 71% Jan 2
T T o c k in g V a lle y ...............
2,460 8 1 % Jan 14 8 5 % Feb 17
M d o pref..........................
rilinois Central................. 1 0,886 137 Jan 14 1 4 3 % Feb 7
9,595 3 7 % Jan 15 49 % Feb 13
-t owa Central.......................
2,622 71 Jan 14 82 F e b 13
B o pref.......................
300 3 3 % Jan 25 3 7 % Feb 13
T 7anaw ha & M ich igan ..
X V c .F t.S .& M .,tr . cts. pfd 12,200 8 0 % Jan 2 8 4 % Feb 18
1,500 19 Jan 15 2 2 % Feb 19
Kansas City So. vot. tr. ..
4,2 0 0 44 Jan 14 4 9 % Feb 11
B o pref. vot. tr. ctfs.
Keokuk <$7 Des Moines
13 Jan 15 16 J an 3
Do pref
45 Jan 2 45 Jan 2
1,213 64 Jan 15 71 % Jan 33
T ake E rie A W e s te r n ...
100 125 Jan 15 138 Feb 6
JLj D o pref..........................
L. Shore c& Mich. South’ n
§335 Jan 27 §335 J an 7
78% Jan 15 86 Jan 0
Long Islan d ...........
Louisville <fc N ashvil lc . . . 19.030 1 0 2 % Jan 27 108 Jan 3
I fa n h a t t a n E levated . . . 60.100 130% Feb 13 1 4 0 % Jan 29
iTAetropoBtan Street___ 109,275 159% Jan 15 174 Feb 5
100 38 F eb 7 43 Jan 6
M et. W e s t Side EL (Chic.)
100 90 Jan 10 91 Jan 29
Do p ref.........................
5,600 25 % Jan 15 2 9 % Jan 39
M exican Central.................
3,600 14% Jan 15 1 7 % Feb 3
M exican N a tT tr. receipts
M ichigan Central.
§1 5 6 Jan 17 160 Jan 7
3,900 105 Jan 27 111 Jan 6
Minneapolis <& St. Louis.
118
L Jan 22 123
Do pref . .
Feb 13
M inn. S. P. & S. S. M an e. 26,085 3 6 % Jan 2 49 Feb 18
5,615 90 Jan 14 111 Feb 18
Do pref..........................
9,400 24% Feb 10 27 Jan 3
Mo. Kansas
T e x a s........
19,450 51 Jan 13 5 6 % Feb 18
Do p ref.......................
M issouri P a c ific ............... 56,060 99 % Jan 14 107 Jan 2
Morris <& E sse x .
80 §195 Jan 23 §196% Feb 21
500 80 Jan 24 98 % Feb 4
"VTash. Chatt. c& St. Louis
-<A Y . Central & Hudson. 12,582 1 5 9 % Jan 27 1 6 8 % Jan 2
2,900 4 6 % Jan 15 52 Jan 9
N . Y . Chic. & St. L o u is ...
119 Feb 6 124% Jan 27
Do 1st p r e f . . . . . . . . . . .
D o 2d p r e f ..___ . . . . .
ib o 84 Feb 4 89% Jan 9
N e w Y ork & H arlem ........
N . Y . Lack. & W e s te r n ...
1 3 8 % Feb 8 138% Feb 3
^- *- - - 2 0 9 % Jan 30 2 1 2 % Jan 9
N . Y . N . H aven & H artf.
N . Y . Ontario <&W estern. 53,075 33 % Jan 25 3 6 % Jan 2
Norfolk & W e s te r n ...........
7,100 55 Jan 14 59 % Jan 3
400 90 F e b 21 93 Jan 14
Do adjustment, pref.
p a c ific Coast Co...............
7 3 % Jan 3 75 F eb 7
-H Do 1st p r e f . . . . ...........
1 00% Jan 6 101% Jan 21
D o 2d pref...................
79 Jan 20 81 % Feb 7
Pennsylvania....................... 78,414 147 Jan 14 151% Jan Si
Peoria & E a s t e r n .. .. .. ...
600 39 Jan 8 4 3 % F eb 11;
Pere M a rq u ette.. . . . . . . . . .
210 71 F e b 15 83 Jan 14
Do p ref..................
Pittsb. Gin. Chic. & S t, L.
200 SO% Jan 7 91% Jan 9
Do pref..........................
p e a d iiig , vot’g tr. c tfs.. 196.400 53% Jan 14 5 9 % Feb 13|
I t 1st pref. vot. tr. c tfs.. 2 9,378 80 % Jan 14 8 4 % Feb 19
2d pref. v o t’g tr. c t fs ... 224,080 60 Jan 14 7 0 l4 F el)IS
Rutland, pref ................... ...
1,250 1 1 0 % J " 23(118% Jan 8F

H ig h est

20 Feb
60 Sep
42 % J an
70 May
81% Jan
83% Feb
55% Oct
77 Mar
116 Mar
120 Feb
87 May
5 4 % Jan
1 4 5 % Jan
29 Mav
27 Mas
7 2 % Jan
91 Jan
120% Jan
16 Jail
90 J 9y
75 May
41 Bee
23 Jan
58% Jan
134 Mu)
175 May
168% Jan
4>07 Mai
11 6 % *Ja u
105 Mm
180 Mar
10 % Jan
28% Dec
73 May
115% Jail

34 N oy
66
Dec
91 J’ ne
108 May
114% May
97 J ’ne
88% Apr
122 Nov
146 Nov
130 Sep
117% May
89 Nov
196% Bee
52% M ay
50% Apr
82% Apr
140 Nov
136 Apr
27 Nov
94% Mar
90 % J ’ ne
56 Mar
5 2 % Dec
77% Sep
188 May
200 May
215 May
248 A pi’
175% J’ne

201 A pr
31 Apr
57 % Apr
101 Nov
124 Nov
42 % Nov
82 Bee
6% Jan 18 A p r
40 Jan 60 Deo
16 % J an 28% A pr
105 May 1 8 5 % A p r
188% Jan 258 Dec
29 % Jan 5 3 % May
80 Jan 103% J’ ne
49 Nov 71 J ’ ne
69 J’ly 69 J ’ly
IS
Jan 45 .File
14% Bee 17 Dec
36 Dec 40 % Dec
4 % Feb 12 % J ’ ne
13% Jan 2 2 % Sep
2 4 % May 4 5 % J ’ ne
59% Jan 7 5 Dec
39% Jan 62% Deo
41 Jan 68 A p r
81 .T>i.n 95 A pr
17 Jan 36 A p r
1 6 7 % May 208 Mar
65 Jan 67% Feb
7 % Jan 1 1 % A pr
4 0 % May 75 % Dec
69% Jan 8 8 % Dec
124 May 154% J’ ne
21 Jan 43% J ’ne
4 8 Jan 87 % J ’ly
21 Jan 41 J’ ne
7 7 % Dec 81 % Dec
13 % Jan 25 A pr
35 Jan 49 A pr
5% Jan 18 % Oct
24 Jan 45 % Sep
39% Jan 76 % Nov
108% Jan 135% Sep
§230 Apr §3 5 5 Nov
67 J an 90 Dec
7 6 May 111% J ’ ne
83 May 145 Dec
150 May 177 J’ne
27 Jan 41 Nov
79 % Jan 93 Sep
12% Jan SO May
8% j a,n 15 % Oct
107% Mar 180 N ov
67% Jan 111% J ’ly
101% Jan 1 24% Oct
15 ' May 36% N ov
49 A pr 94% N ov
15 Jan 35% Apr
37 May 68 % A p r
69 Jan 1 2 4 % J’ne
§1 9 1 % Jan 197% A p r
§70 J ’ne §8 2 % Nov
139% Jan 174% Nov
16 May 5 7 % Sep
97 Mar 120 Sep
47 Mai 95 Sep
§4 0 9 Nov: 420 A pr
§134% Jan 139 Feb
§206% Feb 217 J ’ne
24 May 4 0 % May
42 Jan 61 % Nov
82 Feb 92 % Nov
52 Feb 78 Deo
89 Feb lo 3 % Deo
63 Jan S3 Nov
137 May 161% Apr
14 % Jan 50 Sep
33% Jan 94 Nov
72 Jan 86 J ’ne
57 Jan 81 Bee
8 8 Jan 113 Bee
24 % Jan 58 Bee
65 Max 8 2 % B ee
38 Jan 64 % Bee
9 7 N ov 112% Nov

BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
B anks

B anks

B id

KBW YORK
CITY
A m e rica M . . .
A m Pr ExCh..
A s t o r .............
B o w e r y ll___
B road w ay. . .
B u tch ’s Si Dr
C e n tra l.
Century . . .
C h a s e ............
C h a th am ___
C hem ical___

Citizens’ .^ . . .
City__ _ „* .
Colonial 1| ..
Columbia l i .
Commerce
Corn Exchff
E ast River ’.
11th W ardli.
Em p’ eStatefj
Fidelity!] . . . ’1
Fifth A v e il..
F ifth .........
First (n ew )..

t2 2 5
f 600
310
350
350
1445
150
150
195
215
3300
375
835

B id

530
f 275
700
300
375
150
186
160
700
335
4150

A sk

550

400
200
175
350
4250

A sk

B anks

1 4 th Street^].
Fourth . . . . . .
IG a lla tin ........
Gansevoortfl
Garfield
360
German Ain4!;
German BxlJ
German ial]
Greenwich
°io
Hamilton^] %
3550 H a n o v e r...
425
Hide & L ’ath
Imp A Trad.

B id

A sk

300
200
245
235
435
140
500
140
340
500
170
160
680
150
1650

B anks
Irvin g .........
J effersonl]. . .
Leather M fr.
Liberty . . . . .
L incoln .........
M a n h a tta n !.
M a r k e t s Ful
M echanics’ .
Mech <fe Trail
M erca n tile..
Merch E x oh.
M erchants’ -Metropolis H

* Bid and asked prices: no sales were made on this day.
$ Bess than 100 snares,
i Sale at Stock Exchange or at auction this week, s T ru st Co- certificates.

B id

A sk 1

1 240 •*w *
180
255
650
1000
835
250
275
285
295
1160
290
150 165
190
700

j E x rig.ua,

B anks

M t M orris!)..
M u tu a l!!_____
N assau ! . . . .
N ew Am ster
N ew York Co
N Y N at E x .
N ew Y o r k ...
19th W ard!].
N orth A mer.
Oriental!)___
P a cific!)___ _
P ark .........
People’s!]___

jj State banks-

B id
A sk
1225
240
190
1350 1400
1500
230
335
*+m*.» m
150
1300
210
•>05
1615%
250

B anks
P h e n ix . . . . . .
Plaza! 1.........
Prod E x o h !l.
Riverside1' ...
Sea board. , . .
Second . . . . . .
Seventh, new
Shoe A Loth.
State! . . . . . . .
i8 th W ard!],
83d NY.iVvO
Union Sq!i. . .
United Xat'L

a E x div idend and

B id

115
550
185
800
450
675
125
120
550
110
110
825

A sk

120
f T-cm*
ISO

......
130
* -*

F

e b r u a r y

22,

1 9 0 2 .]

S t o c k

K e o o r d —

C o n

S TOC K S —J U G IlE S T A N D L O W E S T S A L E P E JOES
S a tu rd a y
F eb. 25

M on d a y
Fob. i t

T uesda y
Feb. 18

W ed n esd a y
F eb. IV

T h u r sd a y
Fob. 2 0

e lu d e d —

P a g e

4 1 3

U anye /or F rev iou s
Jlanye tor Year 190<
Sales o /
Y ea r(1 9 0 1 j
Qn
bants
of
WO
sh
a
re
tots
the
Week,
Lov)est | 11 ly h est
Shares
Low est
1 Jlif/hest

HTOCKS
N IC W Y O R K S T O C K
EXCHANGE

F r id a y
Feb. 21

2

7 ,5 1 0 12 J a n 14 18% F e b 19
17
1 7 % ( j t . J . So G. i h1. v . tr. ctfH.
17
5 ,3 0 0 02
F o b 10
F e b 0 74
u D o iH t p ro f. v.tr.ct.fH ,
72
73
72%
4,1 50 27
F e b 19
Do 20 p r o f. v. tr. ell's.
Jan 7 33
32
32
82%
7, 150 120 J a n 221 1 11 % F eb 17
St. Daw. So A d i r o n d a c k .
139
139
139
7 ,9 0 0 Ga b J a n 2 04 % J a n 16
5 9 % 0 0 % St, L o u is <fc San F ran
60%
Jan 1 1
83
F eb 5 88
Do 1 st p r e f ..................
85
*82
5,
71 % F e b 21 7 7 J a n 18
7 1 % 73
Do 2d p r o f ............ ..
72%
1,277 25
J a n 14 2 8 % J a n 3
s t. L o u ie S o u t h w e s t e r n ..
26
26
25%
27
7 ,4 0 0 ^ 5 7 .) an 13 61 % J a n 1 8
58%
5 8 % 58%
Do prof
..........
59
65
66%
6 3 % 64% S o u th e rn P a c ific C o ......... 2 8 8 ,5 4 J 5 8 J a n 27 07 % F e b 10
3 3 ,8 8 0 31 % J a il 27 34% J a il 2
3 2 % 3 2 % S o u th e rn v o t in g tr. c tfs
33%
33
D o p r o f. v o t. tr. c t f s . 2 4 ,2 3 5 92
J a n 14 97 % F e b 14
95
05%
96%
96
40
40% 1'o x jus a P a c ifi c ............... 3 4 ,5 7 5 37 % J ii n 1.) 43 % F e b 18
42%
41%
1 ,1 0 0 122 J a n 8 134
Feb 7
I liird A v e n u e (N . Y . ) . ..
1 3 0 % * 128 130
130
4 ,7 1 0 1 8 % J a n 21 23 % F e b 11
21
21 % T ol. St. L . So W . v. tr. ctf8 .
21%
21%
D o p r e f. v o t . tr. c t f s . 1 0 ,8 1 0 35 .Tan 15 4 3 % F e b 11
40%
3 9 % 41
42
6 ,8 3 5 107 J a n 20 111 % F e b 4
T w in C ity Ita p id T r a n s it .
1 1 0 % 11 0 % 1 J 1
1 10%
1 ,1 5 0 158 F e b 18 15 9 % F e b 18
D o p r o f ...........................
159
160
*158
100
10 1
1 0 1 % 1 0 0 % 1 0 1 % 1 T nlon P a c if i c ..................... 158 ,0 7 6 9 9 % J a n 27 104% J a n 2
8 .8 7 0 87% J an 27 9 1 % J a n 2
8 8 % 8 9 % vJ D o p r e f ...........................
89
89%
21% J a il 14 25% F e b 18
2 3 % 2 3 % \ \ J a b a s h ................................
24%
24
42
42% YY D o p r o f ......................... 4 9 ,8 0 0 41 % J a n 13 44 % F e b 18
42%
44
8 ,8 5 0 17 J a n 27 2 0 % F o b 1 9
W h e e lin g So L a k e E r i e . . .
18% 20
19%
20*8
F e b 21
55
58
D o 1 st p r e f ................... 1 7 ,0 8 6 4 9 % J a n 27 5 8
56%
56
5 ,2 8 4 2 8 J a n 14 3 2 % F e b 21
31%
31
32%
D o 2 d p r e f ........ ...........
32 %
9 ,7 7 6 1 9 % J a n 30 2 1 % F e b 18
19%. 2 0 % W is c o n s in C e n t. v . tr . cfs.
21%
20%
6 ,7 5 0 3 9 % J a n 24 4 2 % F e b 18
D o p r e f. v o t. tr . e t fs .
40% 40%
41%
41%
M is c e lla n e o u s .
10 199 J a n 4 $ 2 2 0 F e b 7
$ 2 0 5 205
A d a m s E x p r e s s ................
*195 215
220
-1 9 5
220
*2 2 0 225
*220 225
*1 9 5
F eb 1
68% 7 0 % j \ m a lg a m a te d C o p p e r ... 2 0 2 ,8 7 9 6 7 % J a n 14 79
6 8 % 69%
68
70%
70% 71%
6 8 % 71*4
6 8 % 70*8
600
3 % F e b 11
2%
2% A m e r ic a n B i c y c l e ..............
*2%
3
2% Jan 4
3
*2%
3
*2%
2%
*2*2
*2*2
3
*
10 0 1 0 J a n 6 13% F e b 17
D o p r e f ...........................
13 % * .......... 13*o * .......... 13 %
13% 13% *
14
*
* 14
4 ,1 9 2 2 8 % J a n 14 3 1 % J a n 4
2 8 % 28% A m e r ic a n C ar So F o u n d r y
2 8 % 28%
2 8 % 29 %
$29*8 29*8
2 8 % 29
2 8 % 29
1 ,9 2 0 8 5 % J a n 14 8 8 % F e b 14
8 7 % 87%
D o p r e f ...........................
8 6 % 87%
89
88
88%
88
88
88*4 8 8 % - 8 8
. . . . . . 3 0 % J a n 10 3 3 J a n 2
* o 1 % 31% A m e r ic a n C o tto n O i l........
*31*8 32
* 3 1 % 32
* 3 1 % 32
* 3 1 % 32
*31*8 32
* QQ
g g To - 8 8
QQ
89
*88
89
D o pref
86
F o b 3 8 8 J a n 13
89
*S 8
Qfcx. k<3B
3 0 0 2 1 0 J a n 13 2 4 4 % F e b 11
*2 2 5
235
A m e r ic a n E x p r e s s ..............
230
230
*230 240
238
235 235
*230 240
‘’ 2 3 0
4 3 % 44% A m e r ic a n G r a s s T w i n e .. 1 0 ,3 1 0 3 9 % J a n 9 4 4 % F e b 19
42% 43%
4 3 % 43%
43,
43*8
4 3 *4 4 3 *2
43% 44%
7 ,6 7 5 26 % J a n 15 3 1 % J a n 2
27
27 % A m e r ic a n I c e .......................
27
27%
2 6 7s 27
27
27*2
27% 27%
2 6 7s 27*2
79 5 63 % J a n 14 67
Jan 3
65% 65%
D o p r e f . . .......................
*65
66%
66
6 5 % 65 %
6 5 % 6 5 % *65
65*4 65%
220
J a n 31
2 1 % 22
A m e r ic a n L in s e e d ..............
15 J a il 14 25
*18
22%
*] 9
22%
22%
*1 9
*18
22%
100
49
49
D o p r e f ...........................
4 3 .Tan 13 5 3 % J a n 31
*48
52
*48
52
52
*48
52
*48
5 ,3 8 0 3 0 % J a n 14 3 4 % J a n 4
31
31% A m e r ic a n L o c o m o t i v e .. .
31*4 3 1 %
31% 31%
31% 31%
3 1 % 31%
3 1 % 31*2
1 ,8 6 0 89 J a n 3 94 .Jan 7
9 2 % , 92%
92
92 %
D o p r e f ...........................
92% 92%
92% 92%
92*4 92*4
92% 92%
900
7 % J an 6
*5%
6
A m e r ic a n M a lt in g ..............
5 Jan 20
5
5
*5%
6
6
*6%
6 %
-5 %
6*2
* 5*2
200
*21
23
21
J a n 2 0 25 J a n 6
D o p r e f ...........................
22% 22%
*21
23
*2 1
23
23
2 L
21
*21
5 ,1 5 0 4 4 % J a n 14 4 9 % .Tan 29
4 5 % 46%
4 5 % 46% A m e r . S m e lt ’ g & R e fin ’ g .
46*4 4 7 %
46% 47
46% 46%
4 6 % 47*4
1 ,6 2 7 9 6 J a n 20 99 F e b 17
97% 97%
D o p r e f ...........................
98
98
98
98
98
99
$98*8 9 8 % * 9 7 % 9 8
1 ,6 0 0 4 0 % .Tan 22 65 F e b 21
64
65
A m e r ic a n S n u ti...................
<4.9 *o
6 8 % 60
55
3 ,2 0 0 8 5 J a n 13 9 4
F e b 18
94
94
92
92
D o p r e f ...........................
93
94
94
90
92*4
94
1 2 8 % 129% A m e r ic a n S u g a r R e fin in g 194,963 1 1 6 % J a n 6 1 3 2 % F e b 18
128% 130
f i 2 7 78 1 2 8 3 b 1 2 8 % 131*2 130*4 132*4 1 2 9 % 1 3 2
1 ,2 8 1 115
118% 118%
J a n 2 1 1 9 % F e b 18
119
D o p r e f ...........................
119% 119
$ 1 1 9 % 1 1 9 % 119*4 119*4 1 1 9 % 1 1 9 % 2119
3 0 0 $ 8 9 % J a n 17 $ 96 J a n 7
90
90
*91
94
A m e r ic a n T e P g h So C a b le
*91
94
9 0 34 90*4 *90
93
*91
94
35 0 15 F e b 5 1 7 % J a n 7
15
15
*1 5
16
A m e r ic a n W o o l e n ..............
1 5 % 1 5 % -1 5
16
151*2 1 5 % *15*2 1 6
190 7 7 % F e b 11 79 J a n 10
*77
79
79
D o p r e f ...........................
*75
78
*77
79
78
78
$78% 78% *77
3 2 % 33
2 ,0 0 0
3 2 % 33
2 9 % J a n 14 3 6 % F e b 1
A n a c o n d a C o p p e r ...............
33*4 3 3 %
3 2 % 3 3 % *3 2 % 3 3 %
3 2 % 33*4
30 0 2 1 0 J a n 4 2 2 2
F e b 13
2 1 6 % 2 1 6 % 1 B r o o k ly n U n io n G a s ___
215
215
*217
220
219% 219% *218 2 2 0
*2 1 7 2 2 0
200
* 9 % 1 0 % D r u n s w . D o c k & C. I m p ’ t
10
10
1 0 J a n 13 11 J a n 4
*10
10 %
- 9 % 10*4
10
10
-9 % 1 0 %
9 ,5 5 0 8 4 J a n 8 8 8 % J a n 3
85
86%
8 4 % 8 6 % /C o lo r a d o F u e l So I r o n . ..
85% 8 6
86
86
86
86*2
8 4 % 87*4
*1 2 7
130
*126
130
\ j D o p r e f . ..
$ 1 3 0 J a n 29 $ 1 3 0 J a n 29
*127
13 0
*126
130
*1 2 7
130
*127
130
2 ,10 0
17
17
C ol. & H o c k . C o a l & I r o n .
1 4 % J a n 16 1 8 % F e b 11
1 7 % 17%
17*4 1 7 %
* 1 7 % 181-4 * 1 7
1 7 % 18
18*4
2 2 1 % 2 2 3 % 2 2 1 % 2 2 2 % 2 1 9 2 2 1 % 2 1 9 2 2 0 % C o n s o lid a te d G a s (N . Y . ) . 1 8 ,6 0 0 2 1 3 J a n 15 2 2 3 % F e b 13
2 2 0 * 2 2 2 0 % 220*2 2 2 3
5 0 0 115 J a n 2 1 21 .Tan 20
* 1 1 6 % 1 1 7 % 1 1 6 % 116% C o n t in e n t a l T o b a c c o , p r e f
117
117
117*4 117*4 117
117
*135
140
2 60 1 3 0 % J a n 13 1 3 9 % J a n 2
D ia m o n d M a t c h .................
*133
138
*133 138
138
138
iV 3 S h 1 3 8 % 1 3 6 1 3 6
6 ,4 7 0
8 %
8 % D is t illin g C o o f A m e r ic a .
8
F e b 20 10 F e b 3
8
8%
8%
8%
8%
9
8%
8%
S34
8%
7 ,7 2 5 33 J a n 3 4 1 % F e b 4
37
38
37
37%
D o p r e f ...........................
3 9 % 40
38% 40
39
39*4
37% 38%
288
289
3 ,6 0 0 2 7 6 % J a n 15 2 9 5 F e b 10
292 292
G e n e r a l E l e c t r i c .................
2 9 1 ’ 2 9 2 % 2 8 9 % 291
290*2 2 9 1 34 2 8 9 2 9 2
2 ,1 6 0 3 9 % J a n 3 5 1 % J a n 20
4 3 % 4 4% *43% 46
G lu c o s e S u g a r R e f i n i n g ..
44% 44%
44% 45
43*2 4 4
43*2 43*2
21 5 9 0 J a n 2 11 0 F e b 10
108
*102
106% *103
D o p r e f ...........................
1 0 1 % 1 0 1 % *105
*1 0 1 % 1 0 8
108
3 ,7 0 0 19 J a n 14 2 1 % J a n 3
*19
20
20
21 “
20
20%
I n t e r n a t i o n a l P a p e r ........
19*2 19*2
20 % 20%
1 9 % 20
7 5 % 7 5 % 1 D o p r e f ...........................
980 74% F e b 6 77% J a n 7
75
75
*75
76
75
75% *75
76
$ 7 5 % 76
*86
8 9 % I n t e r n a t io n a l P o w e r
86
F eb 7 8 8 % Jan 6
89% * 8 6
*86
89*2 * 8 6
89%
89% * 8 6
*6 %
7
50
7 Jan 8
6 % J a n 27
I n t e r n a t io n a l S i l v e r ..........
*6 %
7
*6 %
7
*6 %
7
*6%
7
$7%
7*4
$43% 46%
3 2 5 4 5 J a n 14 4 7 % J a n 7
47
47
D o p r e f ...........................
*46
47
*46
47
47
47
*46
47
52
5 2 % I n t e r n a t ’ l S te a m P u m p ..
1,10 0
47 Jan 2 5 3% J a n 28
53
53
53
53% *52
53
53
52*2 52*2
53*8
89
89
200
*8 9
91
8 9 % 8 9 % *8 9
D o p r e f ....................7 ...
8 7 % J a n 13 9 0 J a n 16
*88
92
91
*89
90
F eb 6
*90
92
* .......... 92
T a c le d e G a s (S t. Tennis)
8 8 % J a n 30 91
*91
92
*90
92
~91
92
105 105
* .......... 1 0 8
J u D o p r e f ...........................
1 0 0 105
F e b 20 11 0 J a n 27
*105 110
*105
110
*105
110
* 1 2 % 15
* 1 2 % 15
3 1 0 12 J a n 24 1 4 % F e b 15
*12
15
M a n h a tta n B e a c h ..............
15
14*2 14*2 * 1 2 % 15
*1 3
47
4 7 % ftU a tion a l B i s c u i t ..............
46% 46%
8 ,10 0
4 3 % J a n 14 4 8 F e b 17
4 7 % 48
47
48
47
47%
4 6 34 4 6 34
F e b 19
&107 % 1 0 7 % 1 0 7 % 1 0 7 % TY D o p r e f ................
7 1 0 1 0 4 % J a n 3 10 9
*1 0 8 109
109
109
* 1 0 7 *2 108*2 * 1 0 7 % 1 0 9
1 7 % 1 7 % N a t io n a l L e a d .......................
9 2 0 1 5 % J a n 18 1 9 % J a n 28
18
18
18
18
*17% 18
18
18
*1 7 *2 18
*80
87
J a n 25
-8 0
87
7 8 % J a n 16 8 6
♦ 80 .......... * 8 0
D o p r o f ............
*80
86
86
*80
86
*152
157
1 5 2 % 153
3 5 0 1 5 2 % F e b 20 1 6 2 % J a n 3
* 1 5 2 157
*1 5 2 157
N e w Y o r k A i r B r a k e ........
*152
*1 5 2 1 5 7
157
12 F e b 7 14 J a n 2
N e w Y o rk D ock
39% 39%
4 5 4 3 9 % F e b 21 44 J a n 3
D o p r e f...
40
40
39% 39%
9 1 % 9 1 % N o r t h A m e r ic a n C o., n e w
1 ,3 0 0 8 8
J a n 28 .94% J a n 2
92
92
93% 93%
*92*2 9 4
93
93%
9 3 % 93%
4 5 % 46
45*4 4 5 %
5 ,3 6 0 4 5 F e b 13 4 8 % J a n IS
V ) a c i f i c M a il...................
46
46*4
46
47*4
4 6 % 4 6 7r
46*2 4 7 %
9 9 % 9 9 % J- e o p . Gas-L.<fc C. (C h ic .)
7 ,4 7 0 98*4 J a n 15 10 6 J a n 4
99*2 10 0
99% 99%
10 0
1 0 0 % 1 0 0 *4 1 0 0 %
99% 100
39
39
7 5 0 3 9 J a n 14 42 % J a n 3
39
39%
3 9 % 39%
P r e s s e d S te e l C a r ................
*40
40*4 H O % 4 0 % * 3 9 % 40*4
$83% 83%
83
83
1 ,2 5 0 8 2 % F e b 4 8 6 % J a n 2
I )o p r e f ...........................
. *83
84*2
8 3 % 83*2
83*2 8 3 %
8 2 % 83 m
220
220
219
221
221
220
1 ,0 0 5 2 1 5 J a n 13 2 2 3 J a n 2 4
P u llm a n Com x>any..............
223
*220
2 2 2 * 2 *2 2 0
2 2 1 % 219
4 % Jan
3
*3
4
100
3 % F e b 17
*3%
4
*3%
4
*3%
4
*3%
3%
3%
Q u ic k s ilv e r M i n i n g ..........
4
" 7 % 11
*7*2 11
* 7 % 11
-7 % 1 0
* 7 % 11
D o p ref
*8
10
16
16% I > e p u b lic I r o n So S t e e l..
5 ,9 2 5 1 5 % J a n 2 1 7 % J a n 7
15% 1 6 %
16*8 16*8
16% 16%
16*4 1 6 %
16% 16%
6 9 % 7 0 % JLYd o p r e f ........ ..................
6 ,7 0 5 6 8
J a n 16 7 0 % F e b 21
69
69%
6 9 % 70
69
69%
6 9 % 70
69*4 69*2
1 8 % 18% R u b b e r G o o d s M f g ..............
18
18
1 7 % 18
2 ,1 8 0 1 7 % J a n 17 1 9 % J a n 2
18
18*2 18*2
18
18
18*4
*66
72
*66
71
*66
72
66
F e b 11 7 0 J a n 2
*66
72
*66
D o p r o f ..............
*65
75
72
3 2 % 3 2 % O losi9 *Sheffield S t. & I r o n
F e b 19
1,670 2 9 % J a n 3 33
32
3 2 % • 3 2 % 33
*3 1
33
31*2 31*2
32
32*2
* 8 2 % 83
*81
83
83
O D o p r e f ...........................
5 0 0 82 J a n 3 8 3 % F e b 17
83
8 3 % * 8 2 % 83
83
8 3 % *8 2
*5
5 % S ta n d a rd R o p e So T w i n e . .
5 % F e b 19
4 J a n 10
*5
5 *4
4%
5%
5*4
2 ,6 0 0
*4*2
5
5%
*4*2
5
6 1 % J a n 14 7 0 F e b 19
6 6 -% 6 8 % T erm . C oal, I r o n So H R . . . 1 0 8 ,7 5 0
65 % 6 6
6 6 % 67%
66
68%
6 6 % 67%
6 6 % 70
4 2 % 44% T e x a s P a c ific L a n d T r u s t 1 4 ,5 1 0 3 5 J a n 15 4 4 % F e b IS
42% 44%
40*2 41
4 3 % 44*4
40*2 43
42% 43%
16% 1 6 % I ] m e n B a g So P a p e r ........ 1 2 ,0 6 2 13 F e b 1 1 7 % F e b 18
16% 16%
17
17%
1 4 34 1 5 %
1 5 % 17*2
1 6 % 17
80
80
F e b 17
77
80
CJ D o p r e f ...........................
81
2 ,2 5 3 72 J a n 16 82
80
82
80
81
81%
80% *80
*117
11 9
1 ,4 4 5 97 J a n 2 124% F e b 7
113
114
11 7
$119
115
$117
114
115
? i n ^ i i i 34 U n ite d S ta te s E x p r e s s ...
4 ,2 3 7 1 1 % F e b 20 1 2 % J a n 4
11*8
U % U n ite d S ta te s L e a t h e r ...
1 1 % 1 1 % *11*4 11%
11*4 1 1 %
1 1 % 1 1 %
1 1 % 1 1 %
8 1 % 8 L%
D o p r e f ...........................
*8 1
81*2
8 1 % 81%
2 ,0 0 5 7 9 % J a n 21 8 2 % J a n 4
8 1 % 81%
81% 81%
81% 8 1 %
4 0 % 40% U. S. R e d u c . So R e fin in g ..
40% 40%
2 ,9 0 0 3 8 % F e b 5 4 i % F e b 11
40*2 40%
40
40%
4 0 % 41
40*4 4J
6 4 % 65
65
65 %
D o p r e f ......................7 ..
2 ,3 6 0 63 % F e b 5 6 0 % F e b 13
66*4 66*4
66
66%
6 6 % 66*2
6 6 " 60*4
1 5 % 16% U n ite d S ta te s R u b b e r . .
1 4 % 14%
15
15%
1 0 ,2 1 5 14 J a n 2 10% F e b 21
14*2
1 4 % 15%
$14*2 14*2 * 1 4
55 % 5 8
D o p r e f ..................
5 3 % 55
*51*2 52
5 1 % 51% $ 5 1 % 52
52
3 ,8 5 5 5 0 % J a n 14 58 F e b 21
54%
4 3 % 44
U n ite d S ta te s S t e e l ..
1 3 5 ,6 9 5 4 1 % J a n 15 4 6 % J a n 7
4 3 % 44*8
4 4 % 44%
43% 44%
44% 44%
4 4 % 44%
93% 94%
D o p r e f ....................
9 3 v 9 4 *4
9 3 % 94%
93% 94%
1 2 2 ,0 3 5 9 2 % J a il 27 9 7 % J a n 7
94*4 94%
9 4 % 95
0 1 % 62
3 ,5 0 0 60 J a n 18 0 3 % J a n 2
61
62%
V ir g in ia -C a r o lin a C h e rn ..
60*4 60*4
61% 62%
61 *4 6 1 %
6 1 % 61 *2
$ 1 2 3 % 123%
........
D o p r e f ................
*121% 123
50 1 20% J a n 17 121 % J a n 3
* .......... 12 3
* .......... 123
* .......... 123
-1 9 0
200
\ \ T e lls, F a r g o So C o ........
* 1 9 8 20 5
*195
203
*195 202
-1 9 0
200
*190 2 0 0
$ 185 J a n 24 2 0 2 % F e b 13
9 0 % 9 0 % I I e s t ’ n U n io n T e le ’ g p h
91
9i
91
91
90% 90%
91
91
91
91
4 ,7 1 0 90 % F e b 20 9 3 J a n 3
174
174
*175
177
176
176
174
175
W e s t ’ g h ’ s e E l& M fg a s s e n
1 7 6 17 6
176 1 7 6
64 8 1 6 9 % J a n 15 181 J a n 7
*178
182
D o 1 s t p r e f ........
"1 7 5
1 80
*176
18 0
*176
177
*175
180
180
J a n 8 182
180
1 O0 1 8 0
Jan 3
l fttti 1 7
i., 7 ‘>

17%
1 0% 17 *2
72
72
7 2 11
31
3 0 1 1 31 %
14 1 M l
14 1 *4 14 l *2 a;139
01%
01 % 62*2
*8 3
* ,83 1*2 85
*83
86
73%
73 D 73% *73
75
26%
27
2 0 % ‘2 d 1*' * 2 6
59
611
59%
59*4 5 9 %
66%
33 % 3 4 1*
33%
33*2 34
90 % 9 7 %
96
97*4
96*4
4 1 % 4 2 1i
4 1% 42*8
424
130%
132
*1*28% 1 3 2 % 131
21 % *>1%
21%
21*2 22
41*4
4 M s 42
41*2 4 2 %
*110
110% 110*4 111*8 i i o 1
158
*157
15D
1 0 2 % iu;>% i 0 2 78 103*4 1 0 3
89%
8 9 % 81)3*.
89*2 8 9 %
24%
21
24%
24
24%
44
43% 44%
19 ~ 1 9 %
19*4
18% 19%
53%
*52
5 3 % *5 3
54
30% 30 %
30%
3 0 % 30%
2 0 % 21 v
2 l4
2 0 % 21 %
41%
4 0 78 4 0 %
4 0 % 41*2
a 71

17%
17%
73
73 %
32
3*2%
139% 139%
02%
61
H;>
*8 3
73%
72%
27*i * 2 6
58%
60*2
66 %
67%
33%
33 %
96%
96%
42%
434
130
131
22
21 %
42%
41%
1 1 1 4 110
159% *158
103*2 1 0 2 %
89%
89%
25*4
24%
44%
43*%
19%
20
55%
55
32
31%
2 1 34
21%
42%
41%

1s %
74
33
139%
6 1%
85
73 %

17
71
32
138%
60
-8 2
71%
25%
58
63%
32%
94%
40*4
130%
21
39%
110
159
100%
88
23%
42
18%
53%
*30%
20%
40%

Loo

7 % J a il 1 15 % J 'n o
/8 % J ’ n o
55
O ct
17
D ec 3 0 J ’ n o
57 .Ian 134
D ec
21 % J an
nO % Jme
M ixr
7o
J ’ly 8 8
70% J ’ n o
5 3 % J an
16 M ay 39 % A pr
71
J ’ no
-1 l % J an
29
Ala) 03 J ’ n o
35% J ’ n o
18 J a n
07 % J an 94 m A*(>v
52 % M ay
23% J a n
117 M ay 129 % J a il
10% J’ eh 2 5 % M ay
28
M ay 39 % M ay
05% J a n 10 9 % D eo
147 A p r 100 jN o v
M ay
7 6 M ay 133
8 1 % Jail 99 % AI ay
20 J ’no
11 % J a n
4 0 % J ’ no
23% Jan
11 % J an 22 J ’ n e
45
M ay 00% M a r
2 4 M ay 3 8 M a r
2 6 J 'n e
1 4% Jan
49% A p r
3 8% Jan
$145 Jan
60% D ec
1 % S ep
10 S ep
19 J a n
67 J a n
24
A lar
85 A p r
$169 Jan
39 % D e c
2 5 % O ct
62
O ct
5 % Jan
31 J a n
22% A ug
83% O ct
4% F ob
2 2 % D ec
3 8 % O ct
88
F ob
2 6 A lar
73 A p r
103% D ec
11 1
D ec
$9 4 J a n
1 3 % A lar
7 0 A lar
28% D ec
17 5 J a n
8 % Jan
41% Jan
11 6 A lar
12% O ct
18 7
Jan
93% Jan
127% O ct
6 % O ct
2 3 % S ep
183% Jan
3 7 O ct
9 3 % A lai
18 % Alay
69 J a n
54% Jan
5% F eb
33 A p r
24% Jan
74 Jan
70
J an
95 J a n
8
O ct
37 J a n
92 Jan
15 M a r
74% D e c
133 J ’ly
13 D e c
45
D ec
73% F eb
3 0 % Alay
95% Jan
30 M ar
7 2 % A lar
195% Jan
1% A pr
7 A lar
11% S ep
55% Jan
18 D e c
65
D ec
19% F eb
6 5 % J an
3 % A lar
4 9 % A lar
19 J a n
12 A p r
65 A p r
$53 J a n
7% Alay
6 9 % M ay

$202 D e c
130 J ’ n e
8% A pr
35 A p r
35 J ’ n e
8 9 % J ’ ly
35% J ’ne
91 % J an
210 N ov
4 5 Asov
41% M ar
77% M ar
30 % J ly
66
J ’ ly
33% N ov
91 % A o v
8
J ’ne
3 0 J ’ ne
69 A p r
104% J ’ ne
49% J ’ ne
90 J ’ n e
15 3 J ’ n e
1 3 0 J ’ly
100 A p r
21 % J a n
8 2% J ’ ly
54% A p r
228 A p r
14 % A lar
136% J ’ne
142% A p r
25 % J ’ n e
238 A p r
124 J ’ne
152% A u g
1 0 % J ’n e
34% N ov
289% D ec
65 A lay
107 A u g
28 M ar
8 1 % S ep
1 0 0 % Alay
11 J a n
51 D e c
49 N o v
89
O ct
9 5 % J ’l y
106% N ov
22 A p r
4 6 Alay
103% N o v
2 5% J ’ne
93% J ’ne
17 5 A p r
15
D ec
47% D ec
109 J ’ n e
4 9 *o N o v
120% J ’ne
52 Jan
89 A p r
225 O ct
5 % A lay
1 2 % Alay
24 J ’ ne
82 A p r
3 8 % A lay
90 M ay
41% A p r
8 6 % A pr
8 % J ’ne
76% J ’ne
42 A p r
19% J ’ ne
75% D oc
10 0 A p r
16% M ay
83% A ug

12%
47
24
69
51
116
$130
81
145
157

34
85
55
101%
72
12 5
199%
1 00%
180
187

O ct
O ct
M ay
M ay
J ’ ly
A pr
Jan
Jan
N ov
N ov

Jan
Jan
A pr
A pr
A lar
Aug
Due
Alay
D ec
D ec

BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
fiankM
NEW YORK
B id
CITY
V anck *[|...... 225
W ashingt’D* 2 0 0
Waxh H’htsli 2 0 0
W est Hide^i.. 550
W ester n ...... 0 1 0
Yorkville^J .. 240
BROOKLYN
jFicdforrtTi__ 2 25
Broad wayl).. 250

A sk

ISankx
BROOKLYN
Brooklyn^} ..
8 th Ward!
5th Avenue*,
F irst............
Kings C o!...
Man ufact/s’.
M echanics! .
Merchants’..
N a ssa u ........
N at C ity......
North Hide!.
People's!__

B id
120

75
105
300
130
300
t 2 JK%
io o

350
290
180
200

A sk

B id
B anks
BROOKLYN
J7th Ward!. 130

A sk

S p r a g u e ........ 1 2 0 0

26th Ward!. 140
U n io n !__ _ 140
Wallabout! . 105

160

T r u s t C om*

N. Y. CITY
Atlantic Tr.. 275
Bowl'gGreen 205

280
210

T ru st C o’s

C’lR’tylW P r
Central Tr’st
City T rust...
Colonial......
C ontinental.
Farm Lo&Tr
Fifth Ave Tr
Guaranty Tr
Knick ’rb’k’r
Manhattau ..
Mercantile ..

A sk

1100

400
Metropolitan 525
M e r c h a n ts ’ ..

asiced p r ic e s ; no sales were made on this day. $ Leas than 100 shares.
1 Sale at Stock Exchange or at auction thin week.
// Trust Co. certihr
*

- B i'i and

B id

550
11931 .y
400
375
600
1 450
070 7 0 0
750 775
750
1550

1 Ex

rights.

II

T ru st C o’s

B id

A sk

MortoiiTrust. 1 1 1 0 0
N Y Liie&Tr 1275
XT Y Sec Tr 1375
North Amer 12 6 0
B ea l E si T r ’ t +412%
SI a.nda.nlTr’t 405
Tr Co of A m 1267% 270
Union Trust 1TOO
U S Mtg So Tr 405
U n it States . 1 700
Washington 4 2 0

T ru st C o’s

BROOKLYN

B id

A sk

450
170
315 330
311
450
L Isi L t fc T r 290 %
ManufactTs. 340 3 5 0
220
N a s s a u .......... 215
People’s ...... 350
Wiliiamab’g. 215 2 2 0

Banks marked with a paragraph (II) are State

ban ks.

York Stock Exchange--Bond Record, Friday Weekly and Yearly
O i K l !* v i m ;

FOUL

P A 4 .E S
■

N.

lit I S US
J(J Lv lA 'O H A N U K
EXOINU PlSB. *21
y*m t«ovi*rumeni

U b 2 a c w u s o i V tJ g la te r e il

U S ‘Jo CUUiul Cutl pull
U b 2 s CoUSul fug sm all

a

1m n I

i ------

Q -J l l o 9
tj - j
109

U
U
U
U
li
U
U
U
U
0

a i 93
* 1
b 3tt l og Late Le d ........... Li'Ji
4 F
fc» 3tt c o u p o n ...................
b 3 a rej^ em ail bon d s. /4 t n
S
run sm a ll bonds ./c l9 1 cj- K
B 4s re g is te r e d . . . . . . .A 190 Q-J
8 4 s c o u p o n .................... h 190 < Q-.f
b 4a le g ib le r e d .................l'JJ... u F
b 4b c o u p o n ...................... 192 a
8 on r e g i s t e r e d ............ ,1 9 0 4 1 4 F
8 5a c o u p o n ............... .. .1904 S F

iliyh\ K o : how tfiQ h

Low

S lU

■
ti 2 a C U liU o lc u ll| ia I U iill

t

3 II
K un ye
Weefc* e
j
►
K an ye or
Since
O C-1
Junauiry 1
Kaet Sale ,

trice
F rid a y
Feb. 22

169 4 1 0 b 4 D e c '01 -•-«l
l Oe 4 l Ob 4
1 0 9 4 108 4 J a n *0*2

IDS 4 LU94 l o 7 4 Otb *UJ
108 4 bale 1 0 8 % 1 0 8 4
108 4 1 0 9 4
112 4 1 12%
112 4 112%
139 4 13.4%
13941394
1 0 6 4 107
1 0 6 4 107

0

108 4 1 0 9 4

*1084 F e b *02
112
112 4

139 4
139 4
110

106 4

lo 8 4 i 0 8 4
6 112
112
113
F e b ’02
11141124
.
.1
F e b ’ 02
139
139 4
D e c ’ 01 . . . .
...........
M ay’ ll 1 ••.,
F e b '0 3
1 0 6 4 106 4

F o r e ig n (4 o v e r ttin e u t
95 4
95 4 1 0 94% 9 5 4
95 4 Sale
F ra n k fu rt-on -A ta iu 3 Sift Ber l . J M- 8
These tire price, 8 on the l a aid ol fou r marled to 0 ne do Liar,
20
9 8 bale
96
98
96 4
38
U S o f M t x i c o i f 3b ui lb 9 9 , 4 - J

T he at a r e yr led* * H the l adit

M u le s e c u r iliw )
A la b a m a cla ss A 4 lo o , . . . 19015 J - J
Cliiflb B 5 s ........... , (MI ..19t>» J J
. . 190t
C la«b C 4 8 . . . . . . . . . . .
..1 9 3 1 J -J
C u rre n cy fu n d in g 4
..1 9 2 4 F A
D isc o f C olu m b ia 3*63
L o u isia n a n ew con su l 4b.. 1914 J J 1
bioaJLl ...................................
J -J
M utoutiri tu mti tig . . . . 1SW4 in
J -J
Nutilk U n rolin * o # a s o l 4» 19
W , . . - V ............................................... 19191 A -O
J-J
b o C a rolin a 4 4 a 2*0-40........1
T e n n n ew s e ttle m e n t
.1 9 1 3 J -J
J-J1
banal 1.......................... ..
V ir g in ia fu n d d e b t 2-7 ’.V i 991 J - J
J -J
Registered..............
6 s d e fe rre d B r o w n B r o s c t fs .i -

107 1 0 8 4 107
...................... 11094
11 cl 1 .
102 4 .......... 109
1 2 4 4 ......... 126
106 . . . . . . 106 4
109 4

J a n ’ 0*2 . . . . 106 107
G et ’ 00 —
......................
Tiac 'll 1
A u g ’ 01 . . . .
O c t 'o l
Jan '0 2
i 064 io 6 4
E e b ’ 99

i 05

.......... H U 4 J a n ’ 02
jlo -i 1 0 4 4
......... 1 3 0 4 J T y ’o l . . . .
120 M a r’ 00
96
97 ' 9 5 4 F e b ’ 02
95% 96%
95
7 95
95
9 5 4 9 6 | 95
.
.
.
.
99 4 F e b ’ 02
9 9 4 99%
1
9 F e b ’ 02 . . .
7 4 ..........
8
9

ltailroa.fi
la b a m a C e n t See b o R y
la b a M u ll See b a v F la So W
A lb a n y & S u e q See D e l A; H u d
A lle g h e n y V a lle y See P e n n R R
A ile g So W e st See B u t! R So P
A in D o c k iic Im See C e n t o f JS J
A n n A r b o r 1 st g 4 s ..........Vil995 Q-J
*97
974
974
2 9 5 ^ 99
104 4 346 1 0 3 4 1 0 4 4
A tell T So S F e g e n g 4 s . . . 1995 A -O 104 4 Sale 104
R e g is t e r e d .......................... 1 9 9 5 A -O
___
1034
104
251 103
104
935b
94
( 94
A d ju s tm e n t g 4 s ............M 9 9 5 N o v
9 3 4 34
92
954
9 4% J a n ’ 0 ‘2 . . . .
R e g i s t e r e d .................../t 1905 Nov
9 4 34 9 4 %
9 4 4 25 92
Stain im d ..................... A 1995 N o v
y3% bale 9 3 %
95 34
C h ic So b t L o u is 1 st 6 s ..1 9 1 5 M- S| 118 .........
A t l K n u x So N o r 1st g 5 s . . 1 9 4 6 J D 109 _____ 1 0 8 4 D e c ’ Ol
A tla n ta So D a n v See S o u th li y
A tla n ta & Y a d k See S o u th B y
A u s t in So N W See S oil P a c ific
at C re e k So S See M ic h C ent
96
96% 233 9 4 34 90%
alt So O h io p r io r l g 3 4 » - 1925 J - J 9 6 4 Sale
R e g i s t e r e d ........................A.1925
9 6 4 F e b ’ 02
9 6 4 96h
69 1102% 1 0 4 34
104
G o ld 4 s ...............................^ 1 9 4 8 A -O
1 0 3 34Sale 103%
5 i102 1 0 3 4
R e g i s t e r e d ....................h l9 4 8
1024
1024
1 0 8 4 281 104 1 0 S 4
C o n v d e b 4 s ....................... 1911 M -S 1 0 6 4 1 0 7 4 1 0 6 4
P J u n So M D i v l 8 t g 3 4 s l 9 2 5 M-N
9 1 58 S a lc
9 i 5s 73 j 9 0 4 9 134
914
R e g i s t e r e d ....................# 1 9 2 5
i*o‘ i " i ’4 3 i o i ) 4 i o i ”
P L E & W V a S y s r e f 4 s l 9 4 1 M-N lO O ^ S a le i u o %
90% 101 ! 9 0 4 91
S o u th w D iv 1 s t g 3 4 s . . .1 9 2 5 J - J
9 0 4 S ale
904
9 0 4 J ’n e’Ol
R e g i s t e r e d ..................../t l9 2 5
illl
M a y ’ OO
M o n o n R iv 1 s t g u g 5 s ..1 9 1 9
C en O h io R 1 s t c g 4 4 s . . l 9 3 0
112
N o y’ 01
B e e c h C reek See N Y 0 So H
B e ile v So C ar See Illin o is C en t
B k ly n So M o n ta u k See D o n g 1
B r u n s So W e s t See S a v FI So W
B u ffa lo N Y So B r ie See E r ie
B u ff alo R <fe P g e n g 5 s ...l 9 3 < M -S 1 1 8 4 1 2 0
1194
1194
11841194
A l l So W e s t 1st g 4 s g x i.-1 9 9 b A -O 102
103 A p r ’ 97
C l So M a ll 1 st g u g 5 s ___ 1 9 4 3 J -1
B o c l i & P itt s 1 st g 6 s . . . 1921, F-A 1 2 6 4 ....... 127 O ct *01
C o n s o l 1 st g 6 s ............. 1 9 2 2 1J-D 1 2 7 4 1 2 9 4 12 7 % D e c ’ Ol
B u ffa lo So S o u th w e s t See E rie!
100 N o v ’ 99
B u ffa lo So S u s q u 1 st g 5 s .. 1913 A -O
R e g is t e r e d ....................... l9 lo | A -O
1 s t r e fu n d in g g 4 s ....... u l9 5 1 J - 1
9 9 1 0 0 4 101 N o v ’ Ol
B u r C edar l i Sc N o 1st 5 s . 1906 J -D 1 0 5 4 ......... [105 4
1054
10441054
C on 1st A c o l tr u s t g 5 s .. 1 9 3 4 A -O 1 2 4 4 ........ 1 2 4 4 F e b ’ 02
1 2 4 s8 1 2 4 4
R e g is t e r e d .......................1934 A-O
1 2 4 4 F e b ’ 02
1244 1244
C R 1 F So N W 1st g u o s . 1921 A -O 1 1 8 4
118 J a n ’ 02
118 118
M So S t L 1 st g u g 7 s ___ 192 i i J -D
ianada S ou th 1 st 5 s ........1 9 0 s J -J
1 0 5 4 Sale 1 0 5 4
11 1 0 5 4 1 0 6
106
;2 d 5 s ....................................1913|M-S
1 1 0 4 1 1 0 4 1104
10 1 0 9 4 1 1 1
111
R e g is t e r e d .......................1913 "M- S
107 A u g ’ 01
C arb So S h a w n See 111 C en t
C a rolin a C en t See Seal) So R oa n
C a rth a g e So A d See N Y C & H
C ed R l a F So N See B C R So N
C en B r a n c h U P 1 st g 4 s . . . 1 9 4 s J - D ;, 92
95
94 D e c ’ OP
C e n B r a n c h R y See M o P a c
C en tra l O h io See B a lti So O hio
C en R R <fe B o f G a c o l g 5s 1 9 3 7 M-N
108
1 0 8 4 65 1 1 0 6 4 1 0 8 4
C e n t o f G a R R 1 st g 5 s . . # 1 9 4 5 F -A H 9
1 2 1 4 J a n ’ 02 .. .. 1 1 2 0 1 2 1 4
R e g i s t e r e d .................. ...# 1 9 4 5 F -A
C o n s o l g o ld 5 s ...... ............ 1945 M-N i l l
do jilOO1
111
Sale t i l l
41114
R e g is t e r e d ....................... 1945 M-N
1 0 5 4 S e p ’ 01
l s t p r e f in co m e g 5 s ___ # 1 9 4 5 O ct
80
7 9 4 167 1 76
7 9 4 Sale 1 79
2 d p r e f in c o m e g 5 s ___ # 1 9 4 5 O ct
3 4 4 Sale i 3 4 4
3 5 4 2821! 3 2 4 36
3 d p r e f in c o m e g -5 s ___ # 1 9 4 5 O ct
1 8 4 20
204
2 0 4 28 1 8 4 2 1 4
C liatt D iv p u r m o n g 4 s . 1951 J -I)
9 3 4 F e b ’ 02 . . .
914 934
M a c So N o r D iv 1 s t g 5 s . 1 9 4 6 J - J 106
95 D e c ’ 99
M id G a & A t l D iv 5 s . ...1 9 4 7 J -J
102 .l’n e ’ 99
M o b ile D iv 1 st g 5 s ........1 9 4 6 J -J
1 0 8 4 ..........1106 J a n *02 ___ |1 0 6 106
C e n t o f N J 1 st c o n s o l 7 s . . 1 9 0 2 M-N 1 0 3 4 ......... 1 0 3 4 J a n ’ 02 . . . J 1 0 3 4 1 0 3 4
G e n e ra l g o ld 5 s .................. 1987 J - J 1 3 6 4 S ale ,1 3 6 4
1 3 7 4 6 6 ,1 3 2 1 3 7 4
R e g is t e r e d .................../719S7i<s>-J
51131 137
......................1 1 3 6 4 1 3 6 4

A

B

BONDS
N . Y. S T O C K K \ C [ A N Li E
W e e k R m u k o V fc 21

^ li Kanyd
€s1^ j
Since
® 1
J an u ary 1
1
1 ?'
tl iyh A o ! LO W hi iyh
K id
A a/J Low
11 1 3 % 1 1 4
......... i 14 F e b ’ 02
J J 114
.J • J *f 99m*
' * ' " ’ * ******
108 4 N o v ’ O] y.v.\
M-N
3 102
105
iu o
105 Salt I104
MS

Price
J riila y
Feb. 'Jt

XU U )
C e n tra l i>f N .1 -/1
l .1 0 2 1
A m D ock A Im p
L k So II lid U gi ii 'ii g >4 1 9 2 ( i
L eh So W ilk e B ( •ai 1 > ..n U 2
C on e x t g u a r I s -----//1911J
N Y So L o n g Bi : u g 4s 1941
1 P a c ific Ci,
C ent P a c ific See
7 s . . . . 193i J -J
C h a rles So SaAT l s i
C hes So O h io g 6 a ser A . . h i 9 0 ! A - O
. . . a l 9 111A -O
Gold G$. .
1st consolg 5 s ........... . . . . 1 9 3 9 M-K
K e g is te r e d ............... ___ 1939|M N
Gem fai gold 4 4 s - . - . ___ 1U02IM- b
Kegistered,.......... ___ 1 9 9 2 1M b
....19-1-0 J -J
C ra ig V a lle y 1st g
l i A A D iv 1 st con g i s . . 1980 J - J
2d co n so l g 4 s .................19o9 J - J
W a rm S p r \ral 1st g 5 s ., 1911 M-S
E liz L e x & ii S g u g 5 s . .1 0 0 2 M - 8
G r e e n b r ie r li y l s t g r t g l s ’ l o M-N
C h ic 1to A l l K R s fu n d 6 s . . 1903 MvN
R e fu n d in g g 3 s ..................1949! A O
AI iss It iv B 1 st s f g 6 s . . 1912 V- O
K a ilw a y 1 s t lien 3 4 s.,.1 9 5 U | J - J
R e g is t e r e d ....................... 1959 J - J
CIilc B u r tfc Q c o n s o l 7 s . ,.1 9 0 3 J - J
C h ic Jb Io w a D iv 5 s ..........1905 F-A
D e n v e r D iv 4 s ................... 1922 F-A
il l m ots D iv 3 4 ^ ____...,.1 9 4 'J J -J
R e g is t e r e d ....................... 1949 J -J
I o w a D iv sin k fu n d 5 s . .1 9 1 9 A-O
> in k in g fu n d
.............. 1919 A-O
N e l/r a s k a E x te n s io n 43 .1 9 2 7
R e g is te r e d ....................... 1927
.S ou th w estern D iv 4 s .. ..1 9 2 1 M
J o in t b on d s See G re a t N orth
D e b e n tu r e 5 s ..................... 1913
11 an So St J o s c o n s o l 6 8 ,-1 9 1 1
C lu e As E il l 1st s f c u r Gs. 1907
1 st c o n s o l g 6 s ....................1934
G e n e ra l con su l 1st 5 s ___ 1937
R e g is t e r e d ....................... 1937
C h ic A In il C R y 1st 5 s .1936
C h ic a g o So E r ie See E r ie
C h ic In<& L o u is v re f 6 s . . . 1947
R e fu n d in g g o ld 5 s ........... 1947
L o u is v N A So C li 1st 6 s. 1910
C h ic M il So S t P a u l co n 7s 1905
T e r m in a l g o ld 5 s ............ 1 9 1 4 1J
G e n e ra l g 4 s s e rie s A ..e L 9 8 9 J
Ii e g is te r e d .....................e 1 9 8 9 14 - J
G e n e ra l g 3 4 s se rie s B .c l9 8 9 J - J
C h ic So L S u D iv g 5 s ___ 1921 J -J
OliiC So M o R i v D iv 5 s . . . 1926 J -J
C h ic So P a c D iv 6 s ............1910 J -J
C h ic So P W i s t g o s ........1921 J -J
D a k So G t S o g 5 s .............. 1916 J -J
F a r So S ou a ssu g 6 s ........ 1924 J -J
H a st So D D iv 1 st 7 s ........1910 J -J
1 st 5 s .................................. 1 910 J-J
I So D E x t e n 1 st 7 s ..........1908 J -J
L a C r o sse & D 1st 5 s ___ 1919 J -J
M in e r a l P o in t D i v 5 s ___ 1910 J -J
b o M in n D iv 1st 6 vS..........1910 J -J
S o u th w e s t D iv 1 st 6 s ___ 1909 J -J
W is < £ M in n D i v g 5s ___ 1921 J -J
So N o 1st M !. 6 s ___ 1 9 1 0 J-D
1 st c o n s o l 0 s ....................1913 J-D
C h ic a g o So N o r t h w e s te r n
C on so l i d ated 7 s ................ 1915
G o ld 7 s .................................. 1902
R e g is t e r e d ........................1902 J -D
E x te n s io n 4 s ..........1886-1926 F-A
R e g is t e r e d ........... 1 8 8 6 -1 9 2 6 F-A
G e n e ra l g o ld 3 4 s ............H 9S M-N
R e g is te r e d
o l9 8 7 Q -F
S in k in g fu n d 6 s . . . 1879-1929 A -O
R e g is t e r e d ........... 1 879-1929 A -O
S in k in g fu n d o s . 879-1929 A -O
R e g is t e r e d ........... 187 9 -1 9 2 9 A -O
D e b e n tu r e 5 s .....................1909 M-N

C

U

J Registered.. ..............1 9 0 9 1M-N

D e b e n tu r e 5 s ..................... 1921 A-O
R egistered.................. 1921 A-O
S in k in g fu n d d eb 5 s ........1933 M-N
R e g is ter e d .......................1933 M-N
D e s M o So M in n 1 st 7 s . . 1907 F-A
M ilw So M a d iso n 1st 6 s .. 1905 M-S
N o r t h I llin o is 1 st 5 s ___ 1910 M-S
O tt C F So St P a u l 1 st 5s 1909 M-S
W in o n a
St P e t 2d 7 s . . 1907 M-N
M il L S So W e s t 1st g 6s 1921 M-N
E x t So Im p s fu n d g 5 s 1929 F-A
A sh la n d D iv 1 s t g 6 s .. 1925 M-S
M ic h D iv 1 s t g 6 s ..........1924 J-J
C o n v e r tib le d e b 5 s ___ 1907 F -A
I n c o m e s ........................... 1911 M-N
C h ic R o c k I s l So P a c 6 s . . .1 9 1 7 J -J
R e g is t e r e d ....................... 1917 J -J
G e n e ra l g o ld 4 s ................. 1988 J -J
R e g is t e r e d .......................19S8 J -J
D e s M So F t D 1 st 4 s . ...1 9 0 5 J -J

1st 2 4 s ........................1905 J-J

E x te n s io n 4 s ................. 1905 J -J
K e o k So D e s M 1 st 5 s . ...1 9 2 3 A -O
C h ic So St L See A t c h T So Sa E e
C h ic St L So N O See 111 C ent
C h ic St L So P itts See P e n n Co
C h ic s t P IM So O con 6 s . . .1 9 3 0 J -D
Cli S t P & M in n 1st g 6s 191S;M-N
N o r W is e 0 nsin 1 st 6 s . . . 1930 J -J
S t P So S C ity 1st g 6 s . ..1 9 1 9 , A-O
C h ica g o T e r T r a n s g I s . . . 1947 J - J
C h ic So W e st 1 n d g e n g 6s q 1932 Q-M
C h ic So W e s t M icli R y 5 s . . 1 9 2 1 1J - D

\\eele's
Keyhye or
Last sa le

1

120

......... '
114 4 F c b ’ 0 111
no
......... 1 46% 1 eb '02
116
12 0 4 1 2 1 4 120%
12 1
_
121 J UC.’ Ol
HO b ale 1 0 9 4
no
108 A p r ’ 01
106
......... 103 N o v ’ Ol
105
lo t
lUb^-. 105
971,
10 i 4 D i‘C'01
i o l 4 A p r ’ 9:
106
1 0 2 4 ......... 1 0 2 4 102 4

. . . . 1 i 3 *•_ 11 4 4
. , . , 1 16% 1 16%
i 120 4 12 1. 4
26 1 6 6 4 i 10
.... .. .. .. . . .. ..
......
-i 104 105
::::

H)’;i% * .!" i ’0‘ 3 % j ’an*’*02
87 ‘t
8 ? % 83 4 87%
844

844

844

84%

1

io n . io -"t
10*3*4 io .J I
87 % 88

li
73

84

81%

i o i *4 32 i « i •% i 0 5 4
1*05** i o i 4 i o i ”
104% A pi Ou .
101 1 0 3 4
101 F e b '02
1U0% 102
102 102 4
1 0 2 4 ......... 102 4 F e b ’ 02 —
1 15 4 A u g ’ 01 . . . .
115 4
106
b 106 106
106 .......... 106
1 1 1 4
10 i l l l
1114
1 1 1 4 .......... 111
1.....................
109 4 A u g ’ 01
1 0 6 4 .......... 100% J T ic’ 01 . . . .
109 4 b a le 1 1 0 9 4
n o
14
122 b ale 122
122
1
112 4 ......... I1 1 2 4
1124
J3 9
H l b ^ D e c ’ Ol
./
1*24 bale »124
124
...................... 1115 A u g ’ 00
122 124 T 22 4 D e c ’ 01 —
128 129 |128
1 1 4 4 Hale 1 14 4
1133i 115
1 13 34

184

129
1144
1134
184
1134
1144
F e b ’ 9b
J a n ’ 02
N o y ’ 01
J a n ’ 02
F e b ’ ('2
1204

i l 3 4 i l 4 ~ ’ 113
113 4 1 1 4 4 114
105 4
LO-14
! 184
1 1 9 4 ___
121
1223* . . . .
115 4
116
117
1204
120 121
115 F eb ’O.
1144H 6
135 .......... 137 4 E l y ’ 99
1 2 1 4 1 2 3 14 ; 23 9 O ci '<>]
108 .......... 1 0 8 4 Jan ’02
1 8 2 4 J a n ’ 02
1 1 7 4 V I I V 1 1 7 4 O ct ’ 01
109 .......... 109 4 F e b ’ 02|
116
116 _____ 116
1 1 4 34 ......... 1 1 4 4 1 1 4 4 ;
1 1 8 4 ......... 116 4 E m 0'_
1 1 5 4 .......... 115 J a n ’ 0 2 j
121 .......... L2 0 34 1 2 0 4 !
139 4 ..........
1 0 3 34 .........
1 0 3 4 ........
1 0 6 34 .........

1884
13S4I
1 0 3 4 J a n *02
102
D c c ’01
109 D e c ’ 01
107 M a r’ 00
O ct ’ 01
111
103 N o v ’ 9>
115 J a n ’ 02
116 117
O ct ’ Oi i
111
109 4 F e b ’ 02
1 0 7 % M a y ’ 01
1 0 9 4 1 0 9 4 LOO4 F e b ’ 02
108 O ct ’ 01
115 J a n ’ 02
1144
114 4
114 O ct ’ 01
122 F e b ’ 02
12 14
123 M ay’ 01
113 J a n ’ 01
110% O c t ’ 01
1 1 0 4 A u g ’ 01
120 4 N o v ’ 00
137 4 F e b ’ 02
128 J a n ’ 02
1 4 2 4 F e b ’ 02
1 3 9 4 J a n ’ 02
107 4 F e b ’ 01
113 A p r ’ 01
130
130
126 D e c ’ 01
110% 1 1 1 4
109 J a n ’ 02
9 8 4 1 0 0 4 9 9 4 F e b ’ 01
8 6 4 A u g ’ 00
97 D e c ’ 0 0
1 1 0 4 J a n ’ 02
1104

109 ..........
1 1 1 4 .........
1 1 0 4 .........
1 1 9 3s ........
1 305s ..........
123*8 1 2 6 ^
1424143
140 ........
1 9 5 '4 ........
1 1 0 4 .......
130 Sale
129
130
1 1 1 4 Sale

139 141
1 4 0 4 F eb*02
1 4 0 4 ........... 140 J a n ’ 02
....................... 140 M a r ’ 01
130
129 .......... 1 30
87
86
864
S6
.............. 1 1 9 4 N o v ’ Ol
________ 1100 O c t ’ 99

109 * 110
1 2 1 4 1*13
1124113 4
1 2 2 4 124 4
...... . . . .

14 126 1 2 9 4
113 1 1 4 4
13*4 113 4
3 1824186
1 2 112
113 4
iuh 110 4 1 1 4 4
1044 1 0 4 4
114 •2 1 1 6 4
1164120 4
4 115
F 1.......
108

.. io 's 4
(ls-J 4 I S 2 4
L\.
ji b o 4 1 0 9 4
116
in
1 18- h 114%
T 16 4 1 1 6 4
'111 5 115

•1204 1*204
21 [1384141
1034103%

115 115
lo S 4 109*4
ib *8 4 1 0 9 4
ii'i* * ii* 5 “
!i

12 14 12 2

'“

13741374
1 28 1 2 8 4
1424142 4
13941394
1

128

130

*36 1 0 5 4 1 1 1 4
109 109

11041104

1394U 04

140

140

6 1294130
16

86

90

AllsCEELANEOU!^ BONDS—Continued on Next Page.
S tre e t R a ilw a y
B r o o k ly n R a p T r g 5 s ........1945
A t l A t B k ly n im p g 5 s . . 1934
B k C it y 1st c o n 5 s . 1916, 1941
B k Q C o & S co n g u g 5 s. 1941
B k ly n U n E l 1 st g 4 -5 3 .1 9 5 0
K in g s Co E l 1 st g 4 s ___ 1949
N a s s a u E le c g u g 4 s ___ 1951
C ity So S R y B a lt 1 st g os.*1922
C o n n R y So 1 .1st So r e f g 4 4 s ’ 51
D e n C on T r Co 1 st g 5 s . . . 1933
D e n T ra m Co c o n g 6 a .. 1910
M e t l i y Co 1 s t g u g b p .. 1911
D e t C it St R y 1 st c o n g o s . 1905
G r R a p id s R y 1 st g 5 s . _ . a l 9 l G
L o u is R y Co 1 st co n g 5 s .. 1930
M a ik e t S t C R y 1 st g 6 a .. 1913
M e t S t R y g en co l t r g o s . 1997
B w a y Ja 7 th A v 1 st e g 5a 1943

A -O
J -J
J -J

M-N
F -A

F-A

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

1074
1 0 7 .......... 107
......................110 J a n ’ 99
..........1 1 2 4 112 4 F e b ’ 02
1 0 0 103 1103 J a n ’ 02
1 0 0 4 Sale j LOO4
100
90 4 9 0 4 90 4
904

107

10S4

... 1 1 2 4 1 1 2 4
..JilOO 103
51 1 0 0 4 102 4
7 Su 9 0
92

1 0 0 4 N o v O L ...............................
95 J ’ n e ’ OO!—
.....................

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

11

1 1 3 4 1 1 3 % ____
..................... 103
109

N o v ’O l!....

....

Mair’ 98 . . . . .....................

..........L.-.f.-.--..........

120 F e b i0 2 i___ ILI 9
122
1 2 0 4 --1 1 S 11941 i 18 4 j an ’ 0 2 1. . . J 1 1 8 4 1 1 8 4

•No price Friday; latest price this week,

a Due Jau

d Due Apr

e Due Mny

S tre e t R a ilw a y
M et St R y — ( Continued)
Col So 9 th A y 1st g u g 6 8 .1 9 9 3 M
L e x A v A- P V 1 st g u g 5s 1993 MT h ird A v e B i t con gu i s 20010 J ■
T h ird A v e R y 1st g 5 s .. 1987 ATM e t W b E l(C lu c o 1st • 4s .1 9 8 8 i FM il E l R y So L 3 0-v r g 5 8 .1 9 2 6 F
M in n St R y 1st c o n g 5 s . .1 9 1 9 JSt P aul C ity C ab c o n g*5s. 19871 J •
G u a ra n teed g o ld 5 s ..........1987 1 J ■
U n io u E l (C h ic) 1st g 5 s .. 1945 AW C h ic S t4 0 -y r 1st ou r 5s. 192> W
4 0 -y e a r c o n s o l goh l 5 s . . . 1986 M-

1 2 4 4 F e b *02 . . . . 124 4 1 - 4 4
123 124
124 FelVGA .
101
3 01*4 5 U i 9 9 4 1 0 1 4
125
6 , 123
124
134%
U»1 103
lo t
F e b 02
.»««•«
A p r '0 ! . . . .1 - . . . . . . . . . . .
109 4 ......... l l o
1 14 4 Nov AM
...... ......
......
-«...» . . . . . .
109 4 i>eOv90
...... ......
99 i ' e o ’ O: : : : : - « . . . . . . . . . .

G a s a n d E l e c t r i c E ig h t
A tla n ta G L Co 1st g 5s. ..1 9 4
r
Bus U G as tr c its s 1 j;
19891 J
B k ly n U G as 1st c o o •• 5s. l9 if| M

91 % Dot *9S
i ’17’ * ” *.*' 117 4 117 4

p D u e J ’ne

A Duo J ly

12S .........
122 124
101 1 0 1 4
......... 125

A; Duo Aug p Due Nov

7 n :

.Duo IV 0 >Op:

no

5o

Bond Record

P '«*R L 'A R Y 2 2 , 1 9 1 3 j

BON OS
N . Y. ST()C K
C11 A NG ft
IVmkk Hnm-i nt. F p:r . 21

* .s
r. v

Frier
Fri day
.Feb. 21
/ltd

Continued—Page 2

Wrole's
Uanffti
f£re:
4' ange or J 'S
Last Sale
Ia tm o ry i

Ask Low

II it/h So Low llif/h

ft
........ 1.10% l I OF
Choc ok a a " in g r»s .. .oi {) ) 9 .i ,j 1 1 0
I I I % D e c *01
Oin H A D c<Mi-Hi>l ,* 1' 7 s ... 100.% a O
I I3
OH. ‘ 00
2d gold 4 %m......................I 007 J J
Oin I ) A. 1 1Mt- gu g 5«. .. I 04 1 M-N 1 1 *1 % ......... D M % J a n ’ 0 2
C I St li A C See C C 0 A Sr F
Oin S A 0 See O (J 0 St F
Clearfield A Mali 8 W> li R <& P
Cleveland Cm C hic A St Fuiiih
103 % 15
General g 4 s .....................1903 j -t> 1 0 3 1 * S a l e 103
..... 1 0 2 Jan ’02
Cairo Div 1st gold 4 s ___1030 j - j
DM
Dm- '01
Cln W A- M Di v 1st g 4a. 1001 .r j ........ 102
St L Div 1st col tr g 4 s .. 1990 M-N 1 ()&%....... 1.03 F eh ’02
99 May’90
R egistered.................... 1990 M IM
,1’ mVOl
100
Spr & Col Div 1st g 4 s .. 1040 IV1-S
83 N ov *99
W W Val Div 1st g 4 a ... 1040 J -J
C I St F <fe C consol Os.. 1020 M-N
l » t gold 4 s..................../M936 Q i' 104 105*2 100 J a n '02
R eg istered ..............A;193 6 Q-E
Qin S A ( ’1 con 1st g 5 s .. 1928 J-J 116 ....... . J 15 *2 O ct ’O]
6 Cs O & r con sol 7 s .........1914 J-D 126 Ha....... 134% J a n ’02
Consol sink fund 7 s___1014 J-D
135*2 D e o ’ 01
General consol gold 6 s. 1934 J-J 1 3 4 % ...
B e gis ter ed ................. 19 3 4 J-J
i 04% N o v ’'Oi
Irid HI A W 1st p rof 48.1940 A -0
© I nd & W 1st p f 5 s...rtl0 3 8 Q -j
P eo (£■ East 1st con 4s. ..1 9 4 0 A-0 100% ..... 100% 100% 2 1
82 % Sale
79%.
82% 173
In com e 4 s ....................... 1000 A pr
Cl Lor A? Wli con 1st g 58.1933 A O 1 1 0 % ....... 115 N o v ’01
Clev <fc M arietta See Penn HR
127% J a n ’ 02
C lev & Mahon Val g 5 s ...1 9 3 8 J-J 127*2
R egistered ..................... 1938 Q-J
Clev & Pitts See Penn Co
8 6 % 619
84%
8.5 % Sale
Col Midlaud 1st g 3-4S ....1947 J - J
84%
85 Sale
1st gold 4 s.........................1047 J - J
8 t§>x4 90
94% Salk
94% 112
94
CelovaMo & Sou 1st s 4 s ... 1929 F-A
Cifctwwi As Greenv £ee So By
061 & H ock Val See H ock Val
Col Conn <fc Term See N <fe W
Conn
Pas Rivs 1st g 4s. 1943 A -0
ak <& Gi So See C M & St P
alias <fc W aco See M K & T
Del L ack
W estern 7 s ... 1907 M-S 121 . . . . . 120 *8 J a n ’ 02
M orris & Essex 1 s t 7 s ... 1914 M-N 1 3 6 % ___ 136*8 J a n ’02
1st consol guar 7 s........1915 j -d 1 3 7 % ..... 137% F e b ’ 02
140 Oct ’ 98
R egistered...........................1915 j-D
N Y L ack & W 1st 6 s . ,- 1921 j - j 134% 135 134% F eb ’ 02
Construction 5s........... 1923 F-A '1 1 5 % ----- 119% J ’ly ’01
Term & im prove 4 s ___ 1923 M-N 1 0 5 % ___ 104% D e c ’ Ol
Syr B in g & N Y 1st 7 s . .1906 A-O 116% . . . . . 116% 116%
W arren 1 st ref gn g 3 %s. 2000 F - a
147% D e c ’ 01
Del & H u d 1st Pa D iv 7s. 1917 M-S 147
149 A u g’ 01
R egistered..................... 1917 M-S
A lb & Sus 1st con gu 7s. 1906 A -0 115% 116 115% 115%
122 J ’ ne’99
R egistered..................... 1906 A -0
110% D e c ’ Ol
Guar gold 6 s ..................1906 A -0
111% F e b ’ 02
R egistered.................. 1906 A -0
152 O ct ?01
B ens & Saratoga 1st 7 s .1921 M-N
151 Jan ’ 01
R egistered ..................... 1921 M-N
Del R iv R R B ridge See Pa R R
D env & R G r i s t con g 4 s. 1936 J-J 102% Sale 102% 102% 27
Consol gold 4 ^ 3 ...............1936 j - j 110*2112 1 1 1 * 4 J a n ’ 02
Im provem ent gold 5 s ... 1928 j-D * ........... 112
111% 111% i f
R io Gr So gu See R io Gr So
Den & S W e st gen s f g 5 s 1929 J-D
89%
89% 21
90
Des M o i& F t D See C R & I P
Des M & M inn See C h & N W
Des M oi U n R y 1st g 5 s ..1917 M-N 108
111 F e b ’01
D et M & T oi See L S & M So
D et & M ack 1st lien g 48.1995 j- D
102 J ’l y ’ 01
92 .......
Gold 4s................................1995 j -D
92% J a n ’ 02 s2
D e t M & M ld g r 3 % s s e r A 1911 A-O
45 % Sale
43
46 110
105
D et Sou 1st g 4 s ................ 1951 J-D
85%
86
86
Sale
Ohio Sou D iv 1st g 4 s ...1941 M-S * 93% 94
94%
94% 20
2
Dul & Iron R ange 1st 5 s .. 1937 A-O .........116
113% 113%
R egistered.........................1937 A-O
2d 6 s ...................................1916 J -J
Dul So Shore & A ti g 5 s ..1937 j - J 113 114 114
114
I? ast of M inn See St P M <fe M
J-Jast Ten V a So Ga See So R y
E lgin Jol & East 1st g 5 s .1941 M-N
113 D e c ’Ol
Eliz Lex <fc B San See C & O
E lm Oort & N o See Leh <fc N Y
Erie 1st ex t gold 4 s............ 1947 M-N 116 1 2 1
115% J a n ’ 02
2d e x t gold 5 s................... 1919 M-S 1 2 1 % .... 122 J a n ’02
3d e x t gold 4 % s................ 1923 M- S 116% . . . .
i l l J ’l y ’01
4th ext gold 5 s.................. 1920 A-O 1 2 2 % .... 121% J a n ’ 02
5th e x t gold 4 s ..................1928 j -D 1 0 9 % .... 109% J a n ’02
1st consol gold 7 s............ 1920 M-S *141*8---- 141
2
141
1st consol g fund 7s....... 1920 M-S 141% 141% 137 N o v ’Ol
Erie 1 st con g 4s p r io r .. 1996 J - J
97
99 Sale
98%
99%
R egistered ..................... 1996 J-J
99 A u g ’01
1st consol gen lien g 4 s .. 1996 J-J
87%
8 8 % 74
88
Sale
R egistered ......................1996 J-J
Penn coll tr g 4 s ............ 1951 F-A
59
93%
94
94 Sale
B uff N Y& Erie 1 s t 7 s .. 1916 J-D 132*2....... 133 Jan ’ 0;
B uff <& S W gold 6 s .........1908 J -J
Sm all.............
1908 J -J
Chic & E rie 1st gold 5 s .. 1982 M-N 124% Sale 124% 125
Jeff R R 1st gu g 5s___01909 A -0 .........108
106 Jan ’02
L ong D ock consol g 6 s .. 1935 A-O 136 ....... 137 N o v ’ Ol
Coal <fc HR 1st cu r gu 6 s. 1922 M-N 113 .......
Dock & Im p 1 st cu r 6 s .. 1913 J - J
118% A u g ’01
N Y <fe Green L gu g 5s. 1946 M-N
109 O c t ’98
M id B R o f N J 1 s tg 6 s . 1910 A -0 .........118
1.17% Feb ’ 02
A Y Sus <fc W 1st ref 5 s. 1937 J - J *116 ....... 116% 116%
2d gold 4% s....................1937 F-A
95 ____
94 F e b ’ 01
General gold 5 s.............1940 F-A *109 110 109
109
Terminal 1st gold 5 s . ..1943 M-N 116 ....... 116 J a n ’ 02
Regis 85,000 e a c h ... 1943 M-N
W ilk & Ea 1 s tg u g 5 s . 1942 J-D * 113% 114% 113% 113% 11
Erie
Pitts See Penn Co
Eureka Springs 1st g 6 s .. 1933 F-A
65 N o v ’97
E vansville
T erre H aute
1st consol 6 s . . . .............. 1921 J -J 122%
123*8 Jan ’02
1st general gold 5 s.........1942 A -0
110% 110% 110%
M t Ver non 1st gold 6 s . . J923 A - O
Sail Co Branch 1st g 5s. 1930 A -0 10 L
E v <fc I nd ) m con gu g 6 s . . 19261 J - J 108%
114 A u g ’ 01

102

105

.1 1 0 %.

I I 4 % I IA %

102% 101
102 102
L03

103%

105

106

U 4% FU G

98% 100 ■
76
82
127% 127%
82

86%

82*4

86*4

91

94%

D

i.50%1III!

112

120 120*8
136*8136*8
137% 138
133% 134%
i 16% i i ' 6 %

115%115%
m % iii%

101 102%
111 112
110 % 112
89

93%
94
105 Oct ’ 01
122

8

't
N. Y . S 'roO K Ft XH fl A N (KE
Wrf.KK E ndinu F iuj. 2 1

Frtw
Fiidit/if
Jjel), 21

Kid,
Ask
I Jargo
So See Oh M
t. I‘
II1 tint-A I'ecv, JVI See Iw►
r« •Alai
Mai <> i,i
Peai I st g 5 h,.. I 9 \:\ J J 1 9 5 % ..
I Ml. lain I gr ext, goUl 5». 1930 J-J
103 ..
i lonsol gold 5 s ............... I9H 3 J J 106*4____
Fort
D IX >> 1st g A %s. 1941 J-J
in, w A D«‘i) o 1 st g 6 m. .. 1 92 J J D 1 12 Ki Sjile
Ft, W A Rio Gl- I hi, g 3 4 m. 19'.':- J J
89 Sale
i Fit lia r A S A See So Par, On
\lTal II A II of 1882 Is t5 s . 1913 A O 103 ........
Ga a A M Ry .1st con 5s. o 1945 J J FI 0 G .........
(la Oar A N o 1 st gu g 5 s .. 1929 J J 1 1 0 % ........
Georgia Pacift© See Ho Ry
(Ula V G A Nor See Ho Pae Co
Gouv
O swegat See N A Cent
Grand Rap A I ml /S'oFPenn Go
Gray’ s Pt Term See S t L S W
96 Sale
( 1 1 Nor O B A Q col l t r 4s 192 J J -J
Greenbrier Ry See Olios A O
an A St J o See O B A Q
I I milsatonic See N Y N H A M
Hock Val 1st consol g 4 %s. 191)9 J J 109% Sal©
R egistered ......................... 191)9 J J
Col A H V 1st e x t g 4 s .. 1.948 \ O 105 106
rJoust K A W T ex See So Pax:
JJoust A Tex Con See So P act Jo
I llinois Central 1st g 4 s . -1 951 J-J 1 16
116 .........
JL R egistered ..................... 1951 J- J
ie>4
1 st- gold 3 % s .-.................. 1951 J-J
R egistered...................... 1951 J-J . . . . . . . . . . . .
1st. gold 3s ste rlin g .........1951 M- S
R egistered ..................... 1951 M- s
Coll T rust gold 4 s .......... 1952 A-O 1 0 5 % .........
R egistered......................1952 A *> •J07
L N O A T ex gold 4 s .... 1953 \J- N 105 J05%
R egistered ......................195:,
t.n
Cairo Bridge gold 4 s ___1950 .1
u 11 2 %
Louisvil 1e D iv gold 3 %s. 195::• J - J i o i
Regis-tered.....................1953
Midland D iv reg 5 s .........1921 i'1-A 120
St Louis D iv gold 3 s ___1951 J -J
R egistered ..................... 1951 I - 1
Gold 3 % s.........................1951 J - J i o i io i %
R egistered .................. 1951 y . j
Spring D iv 1st g 3 % s ...l9 5 1 1 T
W estern Lines 1st g 4s. .1951 F-A 1 1 3 % .........
R egistered......................1951 F- A
B ellev A Car 1st 6 s ....... 1923 J-D 122
Carb A Sliaw 1st g 4 s ... 1932 M- 8
Chic St L A N O g 5 s ... 1951 J -D 129
R egistered..................... 1951 J - D
99 100%
Gold 3% s.........................1951 J-D
R egistered.................. 1951 J -D
M emph D iv 1st g 4 s . . . 1951 J-D 105
R egister ed .................. 1951 J-D
St L Son 1st g u g 4 s ___1931 M-S 103 104%
In d B 1A W e st See C C C A St L
In d D ec A W 1st g 5 s ....... 1935 J-J 1 0 5 % .........
1st guar gold 5 s ................ 1935 J -J
Inil 111 A l a 1st g 4 s......... 1950 J -J
1 it A Great N or 1st g 6 s . . 1919 M-N 125 Sale
2d gold 5 s................
1909 M-S 102% Sale
3d gold 4 s...........................1921 M-S ------- 82
Iow a Central 1st gold 5 s .. 1938 J -l) 1 1 7 % .........
R efu nd ing g 4 s ................1951 M-S
96 100
Jefferson R R See Erie
ai A A G R See L S A M S
an A M ich See T o l A O C
K C F t S A M See S t L A S F
K C A M R A B 1st gu g 5s. 1929 4.-0
Kan C A P acific See M K A T
72% 73
K an City Sou 1st gold 3 s .. 1950 A -0
R egistered........................ 1950 A-0
Kansas M id See St L A S F
K en tu ck y Cent See L A N
K eok A Des M o See C R I A P
K n oxville A Ohio See So R y
ake Erie A W 1st g 5 s . .1937 J-J 121% Sale
2d gold 5 s...................... 1941 J -J 117
N orth Ohio 1st gu g 5 s . .1945 A-O 114% 116%
L Sho A M ich S See N Y <
M-N 110*4.........
M-N
J -J 109% 110%
J -J
Leh V T er R y 1st gu g 5s. 1941 A-O 119 .........
R egistered ........................ 1941 A-O
Leh V Coal Co 1st gu g 58.193-’ J-J 1 0 7 % .........
J -J
9 6 % .........
M-S
R egistered........................1945 M-S
E l C A N 1st g 1st p f 6 s. 1914 A -0 116 119
Gold guar 5 s ................. 1914 A -0 *101 .........
Leh A H ud R See Cent ol! N J
Leh A W ilk esb See Cent of N J

Week's
S inif/e t r
Lint Sole
LOW

■ffc/r*/;

f

mlMilme

/ tl tUM41/ ’!/ /

Hit/h M

Low JJit/h

\00

'4. |I ’00

j 05
1)0
88

.
Mar’9s
1 13 % 323 106
J 1 88
89

JJ3%
89

J03

106%

1.00% ./.i n ’ 02
98 % N ov’00
J09 % Jan '02

95%

109%
104

109 % 109 %

96% 442

95% 97

24| 107 11 1(>» *«2

109%
O c t ’ 01

116
110
1 13 % M ar’OO '
105% 105%
102% A pr'9S

'1

i i l i e

51 ii)5% 105%
....................

106% Jan ’ 02 . . . . 1.05
1
102 Oct, ’0)
105
105
105
V(
98 J a n ’ 00 .. ..
10Q% Feb ’ 02

i

106%
106

100 g 10] *8

123 Mav’99
90*4 Ajir'Ol ___i
101 >4 A ug’O 1
101 G Oct ’99
100 N ov ’ OO
114% Jan ’ 02

i
114%114%

i2 4 May’ 01
90 N ov ’98
201 J2 9 : 130
130
130
1
124 S e p ’ 01
1.01*4 O ct ’ 0-1 . . . .
___ 1l.
106 w e t ’ 01
104% Jan ’ 02 —
109

104*o 104%-

N ov ’ Ol

100 Jan ’ 02 ..
125
125% 12
98
102
103
80 F e b ’ 02 . . . .
117 F e b ’ 02
96% F e b '02 . . . .

TOO
123
100%
75
116*4
95

100'
126
10380
n 7%
96%

K

92% 92%
30
46
84% 86 *4
93% 95
113% 113%
111

114

115% 115%
121 122
121 121%
108% 109%
140% 141
98*4100
87% *90
93*4 95%
133 133

L

L ong D ock See Erio
L ong Island 1st con g 5 s./il9 I
Q-J *122 .........
123% 125
1st con sol goKF4s........./i.1931 Q-J 104 .........
106 106
J-D ......... 103
M-S * .........104%
103
G old 4 s ................
J D *
Unified gold 4s
M-S 101*4.........
.........
J -D n o
115% 117%
B klyn A M ont 1st g 6 s .. 1911 M-S * 1 1 6 % .........
1st 5 s...............................1911 M-S *109 111
115% 116*4
A-O
N
Y A R B 1st g 5s ’
109 110%
192' M-S 1 1 2 % .........
116 116
Q-J n 2 * 4 .........
J-D 119*4 Sale
Gold 5 s................................1937 M-N 1 1 4 % .......
112% 114*4
Unified gold 4 s................ 1940 J -J 101 % Sale
R egistered..................... 1943 J -J
Coll tru st gold 5 s............. 1931 M N 114- .........
Coll trust 5-20 g 4s .1903 -19 J<~ A -0 101*4 102
12.3*8123%
Cecilian Branch 7 s .......... 1907 M-S
108% 110%
E H A Nash 1st g 6 s ___ 1919 J -D 114*4 114%
i j Cin A L ex g o ld 4 %s. ..1931 M-N 112 .........
J-J 130 .........

M IS C E L L A N E O U S
G an and E le c tr ic L ig h t
Ch G L A (J Co See P G A C Co
Columbus Gas J 9 , g 5s.___ 1932 J - J
Conn Ry A F See Street B y
Con Gas Co See P G A C Co
Detroit City ( >as g 5 s.........1923 J-J
Del, Gas Co ©on 1st g 5 s ...) 91 H F-A
Ed El HI Bkn See K ( Jo E F A I
Ed E Hi See N Y G A F F H A I
Kg ' - LN 1 1st con g 5s . J932 M
119
Eg G A Fuel See P G A C Co |
Gas A E lec Ber g (Jo © g 5s. J949 J - \>
(jr Itar; G L Co 1st g 5 s ... J9) 5! F-A
K C Mo Gas Co Jst g 5s . 1922 A <)
Kings Co EJ F A P > 5 s . .. J937 iA O
P iifch as© m oneyC s.. ...1 9 9 7 A O j 26*
Ed Fi (J /;k ri Jstcon g 4 s J939 J-J
96
FaeGas F o /S t li 1st g 5s.«19J9 Q F 108
M o t I; uel Gas Co See Poop Ga

90

415

72%
73*4 94 i 71 *4 7 3 %
63*4 Oct, ’ 0 (>

121% 121% 13 120 % 121%
1 17% F e b '02
116 117%
113 J a n ’ 02 — 113 113
109

110% F e b ’02

110%

2 109

110%
.110% 110%
108% jSToy’Ol
119 J a n ’02 . . . : 118% 119
109 G Oct ’99
109 J ’ne’01
97

N o v ’Ol

101 % Sep ’99

121% 122

122

F e b ’02

102%
104
lo o
102
111

103
3 102
F e b ’ 02 . . . . 104
Oct. ’ 00
F e b ’ 02
99
111
Ja)) ’02

103%
104
102
111

109% J ’ne’Ol
118 F e b ’ 02
ii6 i i s
112% Jan ’02
112 % 112 %
114% J a n ’02 __ 114*4 114%
o 118% 119%
119*4 L19
114 S e p ’01
101% 101%. 38 100% 101%,
100 J a n ’ 02
100 100
j 13 N ov ’Ol
l b 1*4 101*4 10 100% 101*4
106 Dec 9)0
114% 114% 10 114% 114%
,
103 Jan OS
2 i 2 8 % i3 0
129
130

B O N O S —C ontinued on N ext P a g e,

92% 95

118% Oct ’ 01 . . . . ....... ...........
61 % Oct ’ 01
107% D e c ’00

; ; ; ; ; ; j 24 *2 In e ’() I
......... 97 Feb ’02
’ 97” " 9 7 "
110
109
109 " ‘i 108 1 1 0
____
* MOptiCO tfrdhiy; latest bid and aaked this week, a Due Jan U D ue A p r

an d E le c tr ic L ig h t
Newark Cons G as con g 5 s 1948 J-D
N Y G E 1. H A P g 5 s ... 1948 J D
Purchase money g 4s. ..1949 F-A
Ed El I'll Fst con v g 5 s.. 191 9 M-S
1st consol gold 5 s ........ I 995 .1 J
N Y A Q J0i FA P 1s t co rf g 5s 19 3 0 F-A
Paterson A P G A E g 5s. 19 19 M S
Peo Gas A c 1st gu g Gs.. 1904 M-N
2 d guar gold 6 s ................1903 J D
1st con gold Gs................. 1943 A-O
R efunding gold 5e.......... 1947 M-S
C hG -L A Cke I stgu g 5 s 1937 J - J
(Jon G Co of Ch Istg u g o ,,.’ 36 J-D
Eg G A F Ch I s t g u gGs. 1905 J -J
M ii Fuel Gas Ist gu g 5s. If) 17 M N
T m / i I o o G A J61 1st g 5s .. I949 (•>1 S
U Li ea E F A 1* 1st: I g 5 s . I 9 >0 J J
W estei n (iris Co col Ire 5s 1933 M N
e Due May h Due J 'ly P D u © A tig

J 15*4
97
109
120
105

J15% 115% 115%
Sale
97
96*4
109
Sale 1 09
1 2 1 G A p r’0]
......... 105 F e b ’ 02

.Fly ’0 0
Jan ’ 02
121
F e b ’ 02
100 D ec ’ 98
109*4......... LOO Jan ’ 02
109
108% 109 109
103 104
LOO *8 F e b ’02
. . . . . . 106 105 Jan '02
................... 109 Fob ’01
103
J03

107
......... 103

........................................

0 Due Oct

27 ] 1 2 % 1 15%
80 96'% 98%
2 107% 1.09
. . . .

__
1

_
. . . .

104% 107
108
121

103
126

1.09 109%
108 ' i 109
1 0 2 % 1 03%
105 105
....................

107% J an ’Ol —
q Due Dec v Option aale

Bond Record—Continued—*Page 8
J10N1J8

I
111

W e e k E n d in g F e b . 21

P rice
bYiday
Peb. 21

(

!|s

W eek's
Range or
L m t Sale

Range
Since
J an u a ry 1

Lo u ia v ife

N
v —(*Vorititiueo )
B id
A ek Low
H ig h No Low H ig h
N O & M 2d g o ld 6 a .. .. 193 0 J - J 1 2 2 1 *......... 122 *2 J a n ’ 02
122 122*2

P e n s a co la D iv g o ld 6 a . ..1 9 2 u M 8
Si: L D iv latj g o ld d a .......192 1 (VI 8
2d g o ld 3 a . . . ...._______ 1,9* 0 M ■8
H einl«-r B ilge la t a f g 6s 193 1 M S
Jvi: ii tu c k y C o n t g o ld 4 a .
7 J -J
5 MS
N B'LiA & H 1 at g a g 5 s. ,
7 FA
P e n s & A l l 1 st gu. g 6a 192 l F-A
S A N Ala. c o n g u g 5a.
6 F a
S in k fu n d g o ld 6a.
0 AO
5 M-S
L H A lC I |m O I A L
[11 niion Coni S'ad L 8 <fc M
d*Xttiiiiat£aii R y c o n s o l 4 a , 11 0 A -0
R e g is t e r e d ....... ...........11 U A O
M e tro p o l E l la x g 6a .. . It B J -J
M an 8 W C o lo n iz g 5a . .I t 1 J D
M c K 'p t A B V See N Y C en t
M e tro p o lita n E l See M an R y
1 J -J
9 J 'iy
9 J ’ iy
E q u ip & c o il g o ld 5 a ..
7 A -0
2 d aeries g o ld 5a - . . .
7 M -S
M o s K a t 1st Os e l f a d ep
7 ....
7 ....
7 ....
P rior lie n 4 %a ( w i ) . ^. . . 191 6 A - O
1 st co n s o l 4a (w 1)___ ,„.1 9 £
A -0
M e x N o r t h 1 st g o ld 6 a ._ ..1 9 J J J - D
M ic h C en t See N Y C e n t
M id o f N J See E r ie
M il L 8 A W See C h ic A N * 7
M il A M a d See O hio A N W
M il A N o r t h See Oh M A St
A-U.hu A St L 1 st g o ld 7 a .. 19S 1 J -D
) J -D
A -0
S ou th W e s t E x 1 st g 7 s,
) J -D
1 at c o n s o l g o ld 5a........ ..
1 M-N
> M-S
'
3 J -J
> J -J
l J -J
M in n U n See S t P M A M
M o K a n A T e x 1 st g 4 s . . . 1
) J -D
) F -A
: M-N
) M-N
> M -S
J -D
F -A
1 J -D
A -0
M-N
1 s t c o n s o l g o ld 6s.
} M-N
T r u s t g o ld 5 s sta r
M- S
R e g i s t e r e d ........
M- S
F -A
F -A
J. j
P a e R o f M o 1 s t e x g 4 s.
F -A
2d e x te n d e d g o ld 5 s ...1
J -J
S t L I r M A S g e n c o n g 5sL
A -0
G en co n sta m p g t d g 5s 1981 A -0
U n ifie d A r e f g o ld 4 s . . ? " " J - J
M-S

J -J
J -J
M o b J a ck A K C 1st g i
J -D
M o b A O h io n e w g o ld 6
J -D
1 s t e x te n s io n g o ld 6s.
O -J
M -S
M o n t g o m D iv 1 s t g 5 s .. 1947 F -A
J -J
S t L A C a iro g u g 4 s .._ .1 9 S
C oil at era ! g 4 s .............e 19 3
Q -F
M o h a w k A M a i See N Y C A 1
I
M o n o n g a h e la R i v See B A O
)
1
M o n t C e n t See S t P M & M
M o r g a n ’ s L a A T See S P Co

115
D e c ’ 00 , . .
. 1 2 6 % ! ! ! “ ** 127*2 F e b '02
73 St A u g ’ 01
113 N o v ’ 99 ,
LOO J a n '02
“99^
110% J a n *02
..........115*4 114% F e b ’ 02
5
112*8 Sale
v112
. . . . . . 115 D e c ’ 01
100
107

S ale

m h S a le
3 0 Si Sale
* 21*2 22*2

90%
.......... 101
.......... 9 9 %
34
i 02 *8 S ale 102*8
8 0 '*8 Sale
80%
•NA4*a
« 105
99
99

100
110*4
11 4 %
112%

172 105 % 107
20 l i b

82 % 68
31% 361
63
22
J ’iy '0J
F e b ’ 02
D e c ’ 01
D ec ’0 1
102*2
80%
M a y '00

82
30%
21

i i ’4 %

83 %
33*2
23*2

. . . . 100*2 101
—
...... ......
...... ......
85 102% 102 %
120 8 0 % 8 0 %

147 ^ .......... 147 h ran ’ 02
147*2 1 4 7 %
119
119*4 J a i l ’ 02 — 119*4 119*4
1 2 8 * 4 . . . . . . 127% F e b '0 2 . . . . 127
127%
122 . . . . . . 121 J a n ’ 02 . . . . 121 121
122 Bale 122
3 120*4 122
122
105 . . . . . . 105
9 1 0 3 *2 1 0 5
105
- . . . . . .
95

...... ........ —
103 N o v ’ 01 ___
......... 98 A p r ’ 01
92
135
9
35
—
....
....

98
99 %
8 1 % 84
103 106*8
102 106*8
91
92
105*2107%
101*2105%

6
iii* 4
112
113% F e b ’ 02 . . . .
2
124
124
10 8 %
109% 65

111
112
113% 114%
1 2 3 ^ 124*4
106% 109*4

99 *2 Sale
99*4
99%
8 2 S ale
82
8 3%
1 0 5 34 S a le 105
105%
106 S ale 1 0 6
106*8
89
.......... 92 J a n ’ 02
107 F e b ’ 02
105 % J a n ’ 02
1 1 2 S ale
1 1 2 *2 1 1 4
1 2 3 * 4 _____
1 0 9 ~ S ale

1 0 6 % .......... 107 F e b ’ 02
106
92
93
9 4 F e b ’ 02 . . . .
91*4
100 M a y ’ 01
2 105
105 S ale 105
105
1 1 3 .......... 114 J a n ’ 02
114
117% 25 117*4
117% S ale 1 1 7 %
......
. . . . 115 *2 D e c ’ 01 . . . .
94 % S ale
94
94*4 95 92*2
9 8 ..........

108%
94*o
107*4
114
118
94*2

1 1 1 % ........... 110*4 J ’l y ’ 00
86
......
7 130
130*2 1 3 1 %
127 F e b ’ 02
127
98
.......... 9 8 F e b ’ 02
98
5 114
1 1 4 S ale 1 1 4
114
99 O c t ’ 01
91*2 94
1 0 0 101*2 9 5 % N o v J01 . . . .
131 *8 Sale

1 s t c o n s o l g o ld 5 s ..,

J -J
J -D

126*2 126%
1 1 4 F e b ’ 02
113 D e c ’ 99
111

BONDS
N. Y . ST O C K E X C H A N G E
W k k K E n d in g F e b . 21
N Y C e n t A Li i t —( C on tin u ed )
M o h A M a i 1st g u g 4 a .. 1991
I n c o m e 5 s . ........... .......... 1992
N J j un© R g u 1 st 4a. -. 1986
R e g is te r e d ................. .1 9 8 6
N ¥ A P u i Hi c o n g u g 4e 1993
N o r A M o n t 1st g u g 58.191(5
W e s t S h o re 1 st 4 s g u . . . 2361
R e g is t e r e d ____ _ _..........2361
; L a k e S h o re c o n so l 2 d 7 s. 190£
R e g is t e r e d ................. . 1903
G o ld 3 % s ..........................1997
R e g is t e r e d . . . ............1997
B e t M o n A T o i 1 st 7s. 1906
K a A A G it 1 st gti c 5 s . 1938
M ah on C’ l H E 1 st 5 s . . 1934
P itt s M c K A Y 1 st g u 6 s. J932
2d g u a r d s .
______
.1 9 3 4
M c K e e s A B V 1 s t g 6 s 191 8
M ic h C en t 1 st c o n s o l 7s 1902
1 st c o n s o l 5 s ................. . 1902
6 s ...................................... .1 9 0 9
5 s ............................ ............ 1931
R e g is t e r e d ................. 1931
4 s ..................................... .1 9 4 0
R e g i s t e r e d .. . . . ____ ] 9 40
B a t C A St nr 1st e u a 3s 1989
N Y A H a rle m g 3 % s
OrtOO
R e g is t e r e d . . . T.. . . T. .. 2 0 0 0
N Y A N o r th 1st g 5 s . . 1927
R W A G co n 1 st e x t 5 s . h i 922
Q a w e A R 2 d g u g 5 s .._ i>1915

P rice
F rid a y
Feb. 21
B id

M -S
Sep
F-A
FA
AO
A -0
J J
J -J
J -D
J -D
J -D
J -D
F -A
J -J
J -J
J -J
J J
J J
WIN

m

n

105
----- -

W eek's
R ange or
Last Sate

A&k JjOW

l x x iv .

c> o
^cc

R ange
Since
January 1

H igh No JjOW H ig h

.......... 107% J ’ l v ’ OO
110% D e c ’ 01
108 D e c ’ 01 —
......
105 % N o v’ 0 1

’ 28
i 12%
113
112% 113
4
107% 108 % 107% F e l l ’ 02
107% . . . . . . 107% F e b ’ 02
1 0 8 % Sah- 108% 109*> V i
n o % M i u ’oo
113 115
114 1 ® ’ 02

112 ‘ i i j "
112*8 113
1.07% 107%
107 % 107%
108 109%

1 28 180
1 4 0 * 4 .........
130 ..........
1 2 6 % .........
102% 103
101 % 102
1 1 8 % .........
1 28 % .........
1 2 6 * 4 .........

127% 127%

i 12 % Sale

127 % F e b ’ 02
146% A p r ’ 01
102%
101%
118%
132%
130
110
106%

i 14*’ i u "

" 1 0 2 % ’ “ 4 ii)l:% 102%
3 101% 101%
101%
D ee ’ 01
F e b ’ 02
132 % 132 %
J a il '02
130 130
D e e ’ 01
N o v ’ 00

M-S
WI-8
Q-WI
J -J
J -J
J D
. 91
Wl-N ..........114
115% M ay’ 00
M-N
121 % Jan '02
A O 121*4 1-22
121 *2121 %
A -0 127 128
127% F e b ’ 02
125% 127%
F -A 1 1 1 % .......... 1 13% Jan ’ 02
1 13% 1 1 4 %
M-N
110
_____ 110 % N o v ’01
U tle a A B ik R iv gu g 4s 1922 J -J
N Y C h ic A S t L 1 st g 4 s . 1937 A O 1 0 7 % S ale 107
107% 18 107 108
*_. *„ 107 D e c ’ 01 -..
R e g i s t e r e d ................ ........ ] 987 A -0
N Y A G r e e n w L a k e See E r ie
N Y A M ar See N Y C A H u d
N Y L a c k A W See D L A W
N Y L E A W See E rie
N Y A L o n g B r See C e n t o f N J
N Y & N E See N Y N H <fc H
100 D e c ’ 01
N Y N H A ITar 1st r e g 4s 1903 J -D
5 2 0 4 % 205 %
C o n v e r t d e b c e r t s 81 O o b
A -0 2 0 5 * i .......... 205*4 205%
S m a ll c e r ts 8 1 0 0
203
D e c ’ 01
I I oils a t on to R con g 5 s . . 1987 M-N 1 3 4 % .......... 1 8 5 % J a n ’ 02
135% 135%
N H. A D e r b y con g 5s 1918 M-N J j 7
N Y A N E 1 st 7s
1905 J -J
114 J a n ’ 00
1 st 6 s . ................................ 1905 J -J
1 0 6 % J a n ’ 02
106% 1 0 6 %
N Y A N o r t h See N Y C A H
104%
105
16 104 105*4
N Y O A W r e f 1 st g 4 s ..g 1992 M-S ..........105
R e g is 8 5 ,0 0 0 o n ly ___ ‘^ 1992 M-S
1 0 1 % N o v ’ 98
N Y A P u t See N Y C A H
N Y A R B See L o n g Isla n d
N Y S A W See E r ie
N Y T e x A M See S o P a c Co
N o r A S o u th 1 st y 5s
, 1 94,1 M-N 114 .......... 112*4 J ’ l y ’ 01
135
5 134*4 135
N o r f A W e s t g e n g 6s
1981 M-N 134 .......... 135
15 132 133
133
Im p ro v e in ’ t A e x t g 6s ..1 9 3 4 F-A 131 .......... 1 3 2
N e w R iv e r 1 s t g 6s
1932 A -0 133 ........ 131% O c t ’ ()]
103% 39 102 104%
N & W R y 1 st co n g 4 s . 1996 A -O 103 *4 S ale 103
100 *> J a n ’ 02
R e g i .stored
19 9 6 A -O
1 0 0 % 100%
O C A T 1 st gn £r 5s
1 922 J -J 1 0 7 * 4 .......... 1 0 7 % j ’ l y ’ 01
2 101% 102%
S c io V A N E 1 st g u g 4 s 1989 M-N 1 0 2 % .......... 102*4 102%
N o r th I llin o is See Obi A N W
N o r t h O h io See L E r ie A W
N o r th e r n P a cifi c —
P r io r lie n r y A 1 g r g 4 s . 1997 Q -J 1 0 5 % Sale 1 0 5 % 105% 233 104% 105%
1 0 4 % F e b ’ 02
R e g is t e r e d ......................1 9 9 7 Q -J
104 105*8
7 4 % S ale
74%
74% 135 73*4 75 *4
G e n e ra l lie n g o ld 3 s ___ o 2 047 Q -F
R e g is t e r e d
aSOLl Q 'F
75 F e b ’ 02
72
75
C B A Q e o ll t r 4 s See G t N o r
100
20 100 1 0 0 %
S t P a u l-D u l D i v g 4 s
1996 J -D 1 0 0 * 4 .......... 100
R e g is t e r e d . . .
1996 J -D
......... 1 3 0 % D e e ’ b i
S t P A N P g e n g 6s
1 928 F-A 129
R e g is te r e d " c e r t ific ’ s 1923 Q-F 1 2 8 % 1 3 0 % 132 J ’I v ’ 99
121 121
' S t P a u l A D u l 1 st 5s
1931 F -A 1 1 8 % _____ 121 J a n ’ 02
2 d 5 s ............................ ’ 1917 A -O 1 1 1 % .......... 114 N o v ’ 01
100 J a n ’ 02
100 100
1 s t c o n s o l g o ld 4 s ..........1968 J -D
94%
9 4 % .......... 9 4 %
7 9 4 % 94%
W a s h C e n t 1 st g 4s
1948 Q-M
116
4 115 1 16
N o r P a c T e r C o 1 s t g 6 s .. 1933 J -J
115 . . . . . . 1 1 6
N o r R y C al See S o P a c
N o r W is See S t P M A O
N o r A M o n t See N Y C en t
( \ In d & W S « e C C C & St L
1 1 2 % J ’ n e ’ 01 . *^*
\ J h io R iv e r R R 1 st g 5 s . 1936 J-D
G e n e r a l g o ld 5 s ...............1937 A -0 1 0 6 __ __ 95 D e c ’ 00
O re A C al See S o P a c Co
O re R y A N a v See U n P a c
O re S h o rt L in e See U n P a c
O s w e g o A R o m e See N Y C
O C F A S t P See C A N W
2 112 114
114
114
T > a c C o a st Co 1 s t g o s ___ 1 946 J -D *1 1 4
X a c o f M is s o u r i See M o Pa©
P a n a m a 1 s t s f u n d g 4 % s . . 1917 A -O ..........105*4 103*4 D e c ’ 01 .....
. . . . . . 101 D e c ’ 00
S in k fu n d s u b s id y g 6s .1 9 1 0 M-N 101
9 i i i % U 3*4
P e n n C o g u 1 st g 4~%s........1 9 2 i J - J 1 12 .......... 1 1 2 % 113
112
1 12
3 1 1 1 % 112
R e g is t e r e d ............... .......... 1921 J - J
G u a r 3 % s c o ll tr u s t reg’ 1 937 M-S
1 02 N o v ’ 98
10 98
98
98
99
G u a r 3 %s c o ll t r s e r B . .. 1 9 4 1
98
99
123 123
C S t L A P 1 s t co n g 5s 1982 A O
1 22 ______ 123 J a n ’ 02
R e g is t e r e d
w
1932 A -O
Cl A P g e n g u g 4 % s s e r A . ’42 J -J 1 2 0 % .......... 121 O c t ’ 00
S e r ie s B
^
„
1942 A O
1 2 2 % ..........
S c r ie s C 3 % s ................. .1 9 4 8 M-N 104 . . . . . .
S e rie s D 3 % s . . .
1 9 5 0 F -A 1 0 3 % ___ _
E r ie A P it t s g u g 3 %s B «1940 J -J 102 ” . . . . . . 1 02 N o v ’ 00
S e rie s C ..7 7.
1940 J - J
N A C B d g e g en gn g‘ 4*os 1 945 J -J 1 1 0 . . . . . .
4 116% 116%
P C C A St L g u 4 %s A 7. .1 9 4 0 A -O 1 1 6 % ......... 116% 1 1 6 %
115% 1 1 5 %
S e rie s B g u a r ................. 1942 A -0 1 1 5 % . . . . . . 1 1 5 % J a n ’ 02
1 1 6 % F e b ’ 01
S e rie s C g u a r
. . . 1942 M-N
106% N o v ’ 01
S e r ie s D 4s g'uar
1945 M-N
S e rie s E 3 **> g u a r g ___ 1949 F -A
9 7 % ......... 97 M a y’ 01
130 181
1 30 . . . . . . 1 30 % J a n ’ 02
P it t s F t W A C 1 s t 7 s . . .1 9 1 2 J -J
J 130 130
2d 7 s .......................... .........1912 J - J
130 ......... 1 30 F e b ’ 02
3d 7 s .
/ i i 9 i 9 A-O 1 30 . . . . . . 1 30 A p r ’ 01 . . . J
P e n n B E 1 st reM e s t g 4 s . l 923 M-N 1 1 0 .......... 1 0 9 % N o v ’ 01 . . . |
C o n s o l s t e r lin g g 6s7___ 1905 J - J

M

[

J - J 1 2 6 % Sale
A -0 1 1 4 * 2 .........
J - J 1 2 2 ..........
M c M M W A A 1 1 s t 6S. .1 9 1 1 J - J * 1 1 4 * 2 . — .
T A P B r a n c h 1 st 6 s . . ..1 9 1 1 J -J * 1 2 2 ..........
N a s h F lo r A S h e f See L A N
N ew H A D
See N Y N H A P
N J J u n e R E See N Y C e n t
N e w A Can B d g e See P e n n C<
N O A N E p r io r lie n g 6s p l 9 D A - 0
N Y B k ln A M a n B c h See L :
N Y C ent A H R I s t 7 s ...l 9 0 i J -J 1 0 3 * 2 ......
R e g is te r e d .
............. 190i J - J 10 3 %
G o ld m o r t g a g e 3
. . . . . 1 9 9 ' J -J
1 0 8 108%
R e g is te r e d .
..........1 9 9 ' J -J
M-S 104*4105*4
R e g i s t e r e d . ..___
M -S
R e g is t d e b 5 s o f .. .
M -S * ..........1 0 6
D e b e n tu r e g 4 s ___
J -D 1 0 0 7e l 0 2
J -D
D e b t c e r ts e x t g 4s,
Wl-N 1 0 1 * 8 1 0 2
R e g is t e r e d .............
M-N
F -A
9 6 S a le
F -A
93*2 9 4 %
F -A _____ 9 5 *9
R e g i s t e r e d . . . . . : ____
1 F -A
:eech C re e k 1 s t g u g 4
J -J 1 1 0
R e g i s t e r e d .______. . .
J -J
J - J 1 1 7 * 2 ..........
J -D

N

82%
30%
22

99
110*4
112
112

M a r '01

106% 107
105*4 M ay 01
1 1 3 % 113%

i l j " 114

r i ? " 127 %
............

[Vol.
JnVst
Period

416

131%
1^8*2
98
11 6 %

28 126*4 127
1 1 4 114*4

D e c ’ 99

1 0 3 % F e b ’ 02 „ . . . 1 0 3 % 1 0 3 %
5 1 0 3 % 10 3 %
103*4 1 0 3 %
1 0 8 109
1 0 8 % F e b ’ 02
109 J a n ’ 02
1 0 9 109
103% 104
1 04 J a n ’ 02
103 % J a n ’ 02
1 0 3 % 103%
109**> S ep ’ 97
1 0 3 % A p r ’ 01
100% 100%
100*4 J a n ’ 02
1 0 0 % 101
1 0 0 % J a n ’ 02
1 0 0 % N o v ’ 01
30 95*4 98
95*2
96
7 0 9 3 % 96%
93*2
94
94*4
9 5 % 12 9 4 % 97%
1 98
96
93%
93 %
111*4 Sen ’ 01
1 0 6 “ J ’ n e ’ 98

9 2 % D e c ’ 01

M ISCELLANEOUS BONDS—Continued on Next Page
Coal and Iron

T e le g r a p h a n d T elep h on e
A m T e le p A T e l c o ll tr 4s 1 9 2 9
C o m m C a b le C o 1 s t g 4 s . . 2397
R e g is t e r e d ............. .......... 2397
E r ie T A T c o l t r g s f 5 s . . 1 9 2 6
M e t T A T 1 s t s f g o s ........1918
M u t TJn T e l C o See W e s t n D n
N Y A N J T e l g e n g 5 s . . 1920
N o W e s t n T e l e g Nee W e s t U n
W e s t U n io n c o l tr c u r 5 s .1 9 3 8
E d a n d re a l e s t g 4 % s . .. 1 9 5 0
M n t U n T e l s fu n d 6 s . . .1 9 1 1
N o r t h w e s te r n T e l 7 s . . . . 1 9 0 4

J-J

M-N 114%

E o b v02
1 0 0 * 2 M a y ’ 01
100*2 O ct ’ 00
109 O c t ’ 99
1 1 4 N o v ’ 01

M-N

113*4 O ct *01

..........1 0 0

Q-J

Q-J
J -J

100

J-J ..........1X3
112% F e b ’ 02
WIN * 1 0 8 . . . . . . 108
108
M-N

J-J

113*2114*4 113*8 F e b ’ 02

9 9 % 100

1 1 2 % 118
6 107*4.108%
113*8113*4

Coal and Iron
C&h C oal M in See T C I A R
O le a rf B it C oa l See N Y C A H
C o l C A I e x t 1 s t c o n g 6 s. 1902 F A
C o l C A I D e v C o g u g 5 8 .1 9 0 9 J-J

C o l F u e l Go g e n g o ld 6 s . . . 1919
C ol F A I C o g e n 's t g 5 s . .1 9 4 3
D e B a r d e l C A X See T C A X
G r R i v C oal A C 1 st g 6 s .. 1919
J e ff A C lea r C A 1 1 st g 5 s . 1 9 2 6
2 d g o ld 5 s . . . .......................1 9 2 6
P le a s Y a l C oal 1st g s f 5 s. 1 928
R o o h A P it C A I p u r m 5 s. 1 946
S un Ck C oal 1 st g s f 6 s. ..1 9 1 2
T e n n C oal T D iv 1 s t g 6 s .a l 9 1 7
B ir m D i v 1 st c o n s o l 6 s . .1 9 1 7
Oah C M C o 1 s t g n g 6 s. 1922
D e B a r C A I C o g u g 6 s . 1 910
W l i L E A P C C o 1 s t g 5 s . 1919

Wl-N
F -A

1 1 0 .......... 106% F e b ’ 01
1 0 8 % . . . . . . 1 0 3 % 104

A -0
J-D
J -D
J -J

1 0 6 % . . . . . . 108
1 04 . . . . . . 1 07
SO
105

108 108
J a n ’ 02
M a y’ 9 7 . . . .
M a y'97
O c t ’ (Hi
»M
. *• * * »» «

H>8~ m i l ' 1 0 9 "
1 10 . . . . . . H i
1 09 . . . . . . 105
102%
88

ih>h’b2
F e b '0 2
F eb *00
103
Jivxx *00

WIN
J -D
A -0
J -J

J-D
F -A

J -J

19 10S% 1 06

U\S " X09
in

—

xm

18 u u % it x s %

M an u(acluring A 1ndustria 1
101
55

S ep ’ 01
Nov* 00

No price Friday; latest bid and asked this week, a Due Jan

.....................

A nver B io y e le s f d e b e n 5s 1919 m s
A w C o t O il ext. 4 % s ........... 1915 Q: F

e Dae May g Due J ’ne A Due J Ty

p Due Nov

55 S ale
98% 99%

55
55
99% F tR V 08

s Option sale*

7

m

m

F

e b r u a r y

22,

bonds

N . Y. S T O C K E X C H A N G E
W ickic E N D I N G Fun. ‘21

•to-i
s* o
~ V.
*‘1^1

P rice
F rid a y
Feb. 21

W eek's
R ange or
Last Sate

00

Jiange
I s
Since
cqc§ January 1

H igh N o Low High
A 8k Low
B id
P e n n R R (C on tin ued )
C on cu r r e n c y 6 s r o g . . . # 7 1 9 0 5 Q-M
C on sol g old 5a....................1010 M S
C on sol g old 4 a ....................1949 M-N
N o v ’ 97
102
A llo g v a l g e n g u g 4 a ... 1042 M-S
1123*4 Mar’00
C l So M a r 1st g u g 4 *3 8 .. 1035 M-N
X) R R R So B g o 1st gu 4s g . ’ 30 F-A 105
112 J a n ’ 01
G r l U l e x 1 st gu g 4 'as 1041 J - J 111
S u n <fc L e w is 1 st g 4 s .. .1 0 3 0 J -J
117* M ay ’ 6 6
U N J R R & Can g e n 4 a . 1044 M-S 1 1 8 'i
P e n s a co la «fc A t l See L So N a sh
P e o So E a st See C C C So S t L
130 1 3 0 't
130 131 1 3 0 '4 F e b ’ 02
P e o So P e k U n 1 s t g (5s— 1921 Q F
101 O c t ’ 00
2 d g o ld 4 * 2 8 ....................... 61921 M-N
1 2 4 ] ■i......... 127 F e b ’ 01
P e r e M a rq — F <fcP M g 6 s .1020 A O
1 st co n s o l g old 5 s ..........1039 M-N 114*4 Sale 114*4 11434 10 1 14 I I 434
117 J a n ’ 02
117 117
P t H u r o n D iv 1st g 5a. 1030 A -0 I l l ' s 116
S a g T u a So H l s t g u g 4a. 1031 F -A
137 N o v ’ 97
P in e C reek r e g g u a r 6 s . . . 1932 J -D
P itts Cin So S t L S ee P e n n Co
107*2 O c t ’ 08
115
P itt s C le v So T o l 1 st g 6 s . . 1922 A O
P itt s F t W <fc Oil See P e n n Co
120 O ct ’ 01
122*4
P itt s J u n o 1 st g old 6 s ........1922 J -J
P it t s So L E r ie 2 d g 5 s . ..a l 9 2 8 A -0 114
P itts M c K e e s & Y See N Y Ceil
118*2 S ep ’ 01
P it t s Sli So L E 1 st g 5 s . .. 1940 A -O 119*8
0 8 J ’ l y ’ 97
1 s t c o n so l g o ld 5 s ..............1943 J -J
lO O lt F e b ’ 02
100 101
100
P itt s So W e s t 1 st g 4 s ........ 1917 J -J
101 *3 D e c ’ 01
J P M & Co c e r t f s ....................
P itt s Y & A s h 1 st co n o s . 1927 M-N 1 2 0 's ........ 121 *3 M a r ’ Ol
00
903ft 203 97*3 99*8
9 0 Sale
T > e a d in g C o g en g 4 s ........ 1997 J -J
9 2 A p r ’ 01
X V R e g is te r e d ....................... 1097 J -J
R e n s s e la e r So S ar See I) <fe H
R ic h & D a n See S ou th R y
R ic h So M e e k See S ou th ern
R io G r W e s t 1 s t g 4 s .......... 1930 J - J 101 Sale 100*8 101*3 34 100 101*3
95
95
15 93
95
C o n so l an d c o l tr u s t 4 s .1 9 4 0 A-0
97 J a n ’ 02
97
97
94
U ta h C en t 1 st g u g 4 s .u l9 1 7 A -O
105
F
e
b
’
01
R io G r J u n e 1 st g u g 5 s . . . 1930 J -D 108
82
F
e
b
’
02
82
82
R io g r S o 1 s t g o ld 4 s .......... 1940 J - J
82*3
G u a ra n te e d ......................... 1940 J - J
92*3
92*3 15 91
92*3
R o c h So P it t s See B R <fc P
R o m e W a t So O g See N Y C ent
R u tla n d 1 st c o n g 4*23____1941 J - J
101*4 N o v ’ 01
R u t-C a n ad 1 st g u g 4 *2 8 . 1949 J -J
OsLg T u s So H See P e r e M a rq
O a l t L a k e C 1 s t g s f 6 s . .1 9 1 3 J -J
28 9 5
S t J o & G r Isl 1 st g 3 - 4 s . . 1947 J - J
98
97*2
98
98 100
S t L a w & A d ir o n 1 st g 5 s . 1996 J -J
111
2 d g o ld 6 s .............................1996 A -O
S t L & C a iro See M o b So O hio
S t L <fc I r o n M o u n t See M P
8 t L K C & N See W a b a sh
S t L M B r See T R R A o f S t L
S t L & S F ra n 2d g 6s C l B 1906 M-N 110 110*4 1 1 0 * 4 F e b ’ 02
1 1 0 111*3
2 d g o ld 6s C lass C ........... 1906 M-N *110 112 1 1 0 D e c ’ O]
133 *2 F e b ’ 02
G e n e ra l ^ old 6 s ..................1931 J -J
132 134
131*3133*3
G e n e ra l g o ld 5 s ..................1931 J - J 117 118*3 1 1 8 J a n ’ 02
1 1 5 *8 1 1 8
98*3 F e b ’ 02
S t L So S F R R g o ld 4 s .. 1996 J -J
96 1 0 0
98
1 0 0 J a n ’ 02
S o u tliw D iv 1 st g 5 s .. 1947 A -O 102
100 1 0 0
R e fu n d in g g 4 s .............1951 J - J
9 7 7e 48 '96*3 9 8 %
9734 977, 97*4
R e g i s t e r e d ...................1951 J -J
K C F t S So M c o n g 6 s . . 1928 M-N
1 23*3 D e c ’ 01
K C F t S & M R y r e f g 4s 1 9 3 6 A -O
92*4 Sale
91 *8
92*4 110 90*4 92*4
R e g is t e r e d ....................... 1936 A -O
S t L o u is S o See Illin o is C en t
S t L S W 1 s t g 4s b d c tfs .1 9 8 9 M-N
98
98*4 Sale
98*4 353 96*8 99*3
2 d g 4 s in c b o n d c t f s . . . p l 9 8 9 J - J
79*8 Sale
79
79*3
79*2 189 7 7
G r a y ’ s P t T e r l s t g u g 5s 1947 J -D
S t P a u l So D u l See N o r P a c ific
S t P a u l M & M a n 2 d 6 s . . .1 9 0 9 A -O 1 1 6 34 ............ 1 1 7 F e b ’ 02
116*3 117
1 s t co n s o l g o ld 6 s ............. 1933 J -J 1 3 8 * 8 .......... 139*4 139*4
137*8 139*4
R e g is t e r e d ....................... 1933 J -J
137*4 F e b ’ 99
R e a u c e d t o g o ld 4*2S--1933 J - J 114*4 114*4 114*4 F e b ’ 02
114*4 114*4
R e g is t e r e d ....................1933 J - J
116*8 A p r ’ 01
D a k o ta e x t g o ld 6 s ..........1910 M-N 1163Q
116*2117*4
117*4 117*4
M o n t e x t 1 s t g o ld 4 s ___ 1937 J -D 106*3
106*8 J a n ’ 02
106 106*4
R e g is t e r e d ....................... 1937 J -D
1 0 6 M a y ’ 01
E M in n 1 st d iv 1 s t g 5 s .. 1908 A -0 107
106*4 J a n ’ 02
106*4107
R e g is t e r e d ....................... 1908 A -0
N o r D iv 1 st g o ld 4 s ___ 1948 A -0
R e g is t e r e d ....................1948 A -0
M in n U n io n 1 s t g 6 s ___ 1922 J -J 1 2 6
128 A p r ’ 00
M o n t C 1 s t g u g 6 s ..........1937 J -J 138*3
140 O ct ’ 01
R e g is t e r e d ....................... 1937 J -J
115 A p r '97
1 st g u a r g o ld 5 s ............1937 J - J 122
124 D e c ’ 01
R e g is t e r e d ....................1937 J -J
W il l So 8 F 1 st g o ld o s . .1 9 3 8 J -D 5.24*8
125*3 125*3
5 124*8125*3
R e g is te r e d ....................... 1938 J -D
S t P <fc N o r P a c See N o r P a c
S t P & S ’ x C ity See C S t P M SoO
S F e P r e s So P h 1 st g 5 s . . .1 9 4 2 M-S 109
111 A u g ’ 01
8 A So A P See S o P a c C o
S F & N P 1 st s in k f g 5 8 .1 9 1 9 J -J
113*4 D e c ’ 01
S a v F So W 1 st g o ld 6 s . . . . 1934 A -0 128*8
128 D e c ’ 01
1 s t g o ld 5 s ........................... 1934 A -0 113*8
123 D e c ’ 99
S t J o h n ’ s D iv 1 s t g 4 s . . .1 9 3 4 J -J
95* 4 N o v ’-01
90*3
A la M id 1 st g u g o ld 5 s . . 1928 M-N
112*4 111 D e c ’ 01
B r u n s So W 1 st g u g 4 s . . 1938 J -J
87 A u g ’ 01
87
S il 8 p O ca So G g u g 4 s .. 1918 J - J
92 Jan ’ 02
89*3 92
90*2
S c io to v a l So N E See N o r So W
S ea b Sc R o a 1 st 5 s ................1926 J - J
104*4
F
e
b
’
98
112*2
C ar C en t 1 st co n g 4 s . . . 1949 J -J
95 7s
SheT S h r So S o See M K Sb T
S il Bp O ca So G See S a v F Sc W
S o d B a y So S o 1 s t g 5 s........1924 J-J 103
1 0 0 D e c ’ 01
S o C ar So G a See S ou th ern
S o u th e rn P a c ific Co—
2-5 y e a r c o ll t r g 4 * 2 8 ____1905 J -D 100*3101*3 101
99 101*4
101*4
G old 4 s (C en t P a c c o ll ) . fcl 949 J -D
118 93*4 95
94*4
95
94 7a Sale
R e g i s t e r e d .................. fcl 949 J -D
89 O c t ’01
A So N W 1 st g u g 5 s ___ 1941 J -J
111 J ’ n e ’ 01
C e n t P a c 1 st r e f g u g 4 s 1949 F -A 101 101*3 101*4 101*3 44 101*4 104
R e g is te r e d ....................... 1949 F -A
9 9 7g J ’ n e ’ OO
M o r t g u a r g o ld 3 *2 8 . . fcl 929 J -D
87
89
88*3
89
8 8 * 3 89
R e g i s t e r e d ...............fcl 929 J -D
G a l H a r Sc S A 1 s t g 6 s . . 1910 F-A 1 1 0 * 4 ........... 111 O c t ’ 01
2 d g o ld 7 s ......................... 1905 J -D 107
........ 1 0 6 D e c ’ 01
M e x So P a c 1 st g 5 s ___ 1931 M-N 109*3 Sale 109*3 109*3
109*3 109*3
M IS C E L L A N E O U S
M a n u f a c t u r in g <k I n d u s t r ia l
A m H id e So L 1 s t s f g 6 s .. 1910
A m S p irits M f g 1 s t g 0 s . . 1915
A m T h rea d 1 st col tr i n . . . 1919
B a r So S C ar Co 1 st g 0 s . . . 1942
C onsol T o b a c c o 50 -y r g 4 s. 1951
D is till in g o f A m e r ic a colla tera l
tr u s t g o ld 5 « ................... 1911
G ra m e rcy S a g 1 st g old 6 s. 1923
1 1 1 S teel C o d e b 5 s ................1910
N on -con v d eb en 5 s ..........1913
I n t P a p e r C o 1 s t c o n g 0 s. 1918
K n io k e r b o #iker ! c e (C h 1c a g o )
1 s t gold 5 s ........................1928
N at 8 tar ch M 1g C o 1 s t g 0s 192 0
N a t S tarch C o s f d eb 5 * .. 1926
Btan R o p e So T 1st g 6 s ... J 946
1 n co m e g old 5 « ..................1946
V 8 L eath C o s l d e b g 6 s . . J913

417

Bond. Record— Concluded— Page 4

1902. |

BONDS
N. Y. S T O C K E X C H A N G E
WkicK E nd in g Finn. 21

P rice
F rid a y
Feb. XI

***

11

1

Range
Since
* l\ J an u ary 1
High N o , Low JUud

W0ek’/i
Lange or
Laet Sate,

JILL
A h!c Low
S ou th ern P a c Co —( C ontinued)
G ila V G So N l s t g u g 5 h 1024 M-N 107 ......... 100 D e c ’ Ol
1 0>
105 F e b ’ 02 . . . . 105
JI oiih E cfc W T 1Hi. g 5s 1033 M-N Hi..
___ ||. . . . . . . . . . . .
LOG 10'S
]Ht gu g 5 m re d e e m a b le . 1033
1 I l >, EP< i' 02 , . . . 1 10*4 11 1 'l
1 10*4 1 12
Jl Sc T 0 JHt g 5 8 in t gn 1037
1 14 *4
1 1 4 >4 l*eb ’ 02 . . . . 118
113
114
C onsol g Oh Int g u a r . 1012
95
Fell ’ 02 . . . . 93*4 95 'ft
93
G en gold 4 h kill. g u a r. 1 0 2 1
125*4 K<*b’ 02 . . . . 125*, 127
127
WaoOctfe N W div 1Ml g 6 s '30 M-N 125
135
137
135 J a n '02
135*3 137
M o r g a n ’ s L a < fcT 1st 7 s. 1018
123 123*2
123*3 F e b *02
1 st gold 6 m. ................... 1 0 2 0
::::
N Y T«fc M ox g u 1h1. g 4 h. 1012
....
106*3
N o Of ( Jftl 1Ht gu g Oh. . .1 007
...... ......
117 " ......... 1J 3 Jan ’ 01
G u a ra n teed g old 5 h-----1038
...... ......
1 0 2 * 4 ....... 105 *3 N o v ’ 0 1
O re Sc Cal 1 st g u a r g 5 s. 1927
87 8 7 1, 92
91 ' 3
92
92 Bale
S A So A P a ss l s t g u g 4 s . 1043
1 J 2 ' h 1 12*2
1 12 «•; Jan ’ 02
1 1 1 1/ .
So P o f A r g u l s t g OsciOOO 10 .1 -.1
103*4 Jan ’ 02 . . . . 107*4 108G
1OH*4 109
s p o f C al 1st g 6 s ....... i o o r
109
1 1 1 108 D e c ’ Ol . . . .1 . . . . . . . . . . . .
1 st g 6 s se rie s li — 1905
1 10*‘ ft 1J0%
111
......... 1 10 n8 J an ’ 02 —
1 st g 6 s s e r ie s C Sc 1). 1006
1 st g Os se rie s E Sc F . 1012
1 19 7q
120 F e b ’ 01
1 st g o ld 6 s ....................1912
107 N o v ’ 00
1 15
1 st c o n g u a r g 5 s -----1037
1 10 ......... 110*3 110*3 29 109 1 10*4
S t a m p e d ........1 0 0 5 -1 937
114 *4 Oct ’ 01
S P a c o f N M e x 1 s t g Os.. 1911 J -J
S P C oa st 1 st g u g 4 s -----1937 J -J
110 A p r ’ 01
103*o
T e x So N O 1 st 7 s .............. 1005
1 13*3......... 114*3 F e b ’ 02 mmmm1 1 4 * 3 ll 4 '2
S a b in e D iv 1 s t g 6 s -----1912
107 ......... 108*3 J ’ ly ’ 01 . . . . ......................
C on g o ld 5 s ......................1943 J -J
120*4 59 1 19*2 121*2
S o u th e rn — 1 st c o n g 5 s -----1094 J - J 120*4 S ale 120
122 J a n ’ 02 . . . . 122 122
R e g is t e r e d ....................... 1994 J - J
•j 97
98*4
98*4
98*4
Mob<fc O hio c o ll tr g 4 s .. 1938
R e g is t e r e d ....................... 1938
i 1.2 * 3 i 13
113*4 114*3 113 F e b ’ 02
M em D iv 1 st g 4 *2 -5 s . . . 1996
6
100
99*8 1 0 0 's
100*4 10 0
S t L o u is d iv 1 st g 4 s -----1951 J -J * 1 0 0
120 M a r’ Ol
] 17*i
A la C en R 1 st g 6 s ......... 1918 J -J
94
96*2
9 4 * 3 .......... 96 *3 F e b ’ 02
A t l So D a n v 1 st g 4 s ........1948 J -J
A tl & Y a d 1 st g g u a r 4s .1 9 4 9
120
121
j ’n e’ 01
C ol So G r e e n v 1 st 6 s ........1916
1 117
117*2
1 1 7 * 3 ......... 117*3 117*3
E T Y a & G a D iv g 5 s .. 1930
122*3
1 2 1 * 4 Bale 121*4
122*3 23 1 2 0
C on 1 st g o ld 5 s ..............1956
114 N o v ’ 01
115*3
E T e n r e o r lie n g 5 s ........1938
R e g is t e r e d ....................... 1 938
1 125
126*3
1 2 6 * 4 ......... 126*3 120*3
G a P a c R y 1 st g 6 s ......... 1922
1 2 5 * 8 ......... 125 J a i l ’ 02 . . . . 125 127*4
K n o x & O h io 1 st g 6 s . . .1 9 2 5
22 120*4 1 2 2
1 2 1 * 4 Bale 121*4
122
R ic h So D a n c o n g 6 s ___ 1915
101 *4 J ’ l y ’ 00
E q u ip sin k fu n d g 5 s. .1 9 0 9
112*4
ill
D e c ’ 01
D e b 5s s ta m p e d .............. 1927
83 D e c '00
R ic h So M e e k 1 st g 4 s. ..1 9 4 8
109 110*3 109 *8 J a n ’ 02 . ••• 109 109*4
S o C ar So G a 1 st g 5 s -----1919
112
102 O ct ’ 99
V ir g in ia M id se r D 4*5s. 1921
114 S e p ’ 01
116*3
S eries E 5 s ....................... 1926
1 1 7 * 8 .......... 115 J a n ’ 02 . . . . 115 115
G e n e ra l 5 s ..........*...........1936
116*3 D e c ’ Ol
G u a r sta m p e d ........... 1936
91 *3 S ep ’ 00
93
W O So W 1 st c y g u 4 s .. 1924
119*8 1 2 0 * 3 120 *3 D e c ’ 01
W e s t N C 1 st c o n g 6 s . . 1914
S & N A l a See L So N
120
...
117 J ’l y ’ 00
S p o k FaHs So N o r 1 s t g 08 .1 9 3 9
„ ..........
S ta t I s l R y 1 st g u g 4 *3 8 .. 1943
S u n b So L e w See P e n n R R
S y ra B in g So N Y See D L So W
H pebo So N See M K <fc T
114*4 117
1 1 4 * 3 N o v ’ 01
X er A o f S t L 1 s t g 4 *3 S.. 1939
1 st c o n g o ld 5 8 ........ 1894-1944
1 1 3 * 3 . . . . . . 116*3 J a n ’ 02 . . . . 116*3 116*2
...................... 113*3 J a n ’ 02 . . . . 113*3113*3
S t L M B g e T e r g u g 5 s. 1930
T e x & N O See S o P a c Co
104 F e b ’ Ol
T e x < f c P a c E D i v l s t g 6 s ..1 9 0 5
120*3 1 2 0 78 80 119 121
120*4 1 2 1
1 st g o ld 5 s ........... .............. 2000
53 98 102*4
102*4
r 1 0 2 * 4 S ale 1 0 2
2 d g o ld in c 5 s ....................?2 0 0 0
111 J ’ n e ’ 01
L a D iv B L 1 st g 5 s . .. .. 1 9 3 1
1 1 3 " 1 . . . . . 114*3 J a n ’ 02 . . . . 114*2 114*2
T o l So O C 1 st g 5 s ................1935
113
112 5s N o v ’ 01
W e s te r n D i v 1 st g 5 s . . . 1935
...................... 108 *3 F e b ’ 02 . . . . 108 108*2
G e n e ra l g o ld 5 s .............. ..1 9 3 5
98*4 F e b ’ 02
. . . . . . 99
98*3 98*4
K a n So M 1 st g u g 4 s ___ 1990
2
91 Sale
91
91
91
92
T o lP < fe W i s t g o ld 4 s . ...1 9 1 7
5 90*4 91*8
91
91
91 Sale
T o l S t L & W p r l i e n g 3 *2 8 . 1 9 2 5
74 82*3 87
85
86
85 Sale
5 0 -y ea r g o ld 4 s ..................1950
98*4 F e b ’ 02 . . . .
98*o 101
97*3 98*4
T o r H a m So B u ff 1 st g 4 s . 7GL946
111
1 1 1 * 3 ......... 111 J a n ’ 02 . . . . 1 1 1
ls te r So D e l 1 s t c o n g 5s 1928
145
104*8 106*4
105 7s Sale 105 5q 106*4
n P a c R R & I g r g 4 s ..l9 4 7
2 2 105
...................... 105
105
105*3
R e g is te r e d ...... , ...............1947
106*4 Sale 105 78 107*8 2400 105*4 107*4
1 st lie n c o n v e r t 4 s ..........1911
R e g is t e r e d ....................... 1911
109 109
...................... 109 J a n ’ 02
O r e R y & N a v l s t s f g 6 s 1909
103*2
) 1 0 3 * 3 ......... 103*8 103*3 27 1 0 2
O re R y So N a v c o n g 4 s . 1946
l 127*8 Sale 126*4
127*8 27 126 129*3
O re S h o rt L in e 1 s t g 6 s . . 1922
9 117 118
1 st c o n s o l g 5 s ......... ...1 9 4 6
1 17*3118
117*2 118
103*3 O ct ’ 01
N o n -c u m in c A 5 s ___ M 9 4 6
.
117*3 J ’ n e ’ 01
U ta h So N o r 1 st 7 s ......... 1908
.................... 113 M a r’ Ol
G old 5 s ...............................1926
U n i N J R R So C C o See P a R R
U ta h C en tra l See R io G r W e s
Utah<fc N o r th See U n P a cific
U t ic a So B la c k R See N Y C en t
1
er V a l I n d So W See M o P
ir g in ia M id See S ou th R y
32 118*8119
a bash 1 st g o ld 5 s ........1939
J 118*4 119
118*4 119
4 111 *8 114*4
II * 1 1 1 * 3 ......... U l 78 1 1 1 78
2d g o ld 5 s ....................1939
2 100
101
...................... 1 0 1
101
D e b e n tu r e se rie s A ........1939
S e rie s B .............................1939
72*3 Bale
71
73*3 7730 .66 '3 73*2
4 109*3 H O
D e t So O il E x t 1 st g 5 s .. 1941
1 0 9 * 4 ......... 109*3 110
95
95
D e s M o m D iv 1 s t g 4 s .. 1939
96 ......... 95 J a n ’ 02 . . . .
> 111
112
1 1 0 * 3 D e c ’ Ol
S t C has B r id g e 1 st g 6 s. 1908
W a r r e n See D e l L a c So W e s t
W a s h C e n t See N o r P a c
W a sh O So W See S o u th e rn
5 119*3120*8
120
W e s t N Y So P a 1 st g 5 s .. 1937
119*4 1 2 0 ’-3 1 2 0
G e n g old 3 -4 s..................... 1943
)
9 9*4100
99*3
99*2 1 0 99*3 100
v 35 ......... 40 M a r’ Ol
In c o m e 5 s .........................#£1943
W e s t N o C ar See S ou th R y
W e s t S h ore See N Y C e n t
W V a C e n t« fe P 1 st g 6 s . . 1911
1 1 3 *4 .......... 114*2 J an ’ 02
112*3114*3
W h e e l’ g So L E 1 st g 5 s . . . 1926
> 115*3 Sale 115
115*3
7 115 115*2
___
W h e e l D iv 1 st g o ld 5 s .. 1928
1 112
......... 1 1 2 * 3 J a n ’ 02
112*3 112*3
E x te n So Im p g o ld 5 s . . . 1930
( 110
113 D e c ’ Ol
1 st c o n s o l 4 s ....................... 1949
5
93 *3 Sale
93*8
93*2 294 91*2 94
W ilk e s So E a st See E r ie
W il So S io u x F See S t P M So M
W in oD a Sc S t P See C Sc N W
W is C e n t 5 0 -y r 1 st g e n 4 s. 1949 J - J
89*8 Sale
89*3
88*3
89*3 380 8 8

U

Y
W

B O N D S —C o n c lu d e d .

Miscellaneous

A d a m s E x co l tr g 4 s ..........1948 M-S 1 07 ____
A m D k So Im p 5s See C e n t N J
B k ln F e rry C o 1 st c o n g 5s 1948 F -A
80
81
B k ln W & W H 1 st 5s t r c tl's ..
64*4 6 9 78 C h ic Jc«fc S t Y a rd co l g 5 s. 1915 J - J
H o b o k e n L So 1 g o ld o s . . . 1910 M-N
J -J
4 86
90*4 M ad Sq G ard en 1 st g »5 s .. 1919 M-N
88*2
88*2
M a n B c h H Sc L g e n g 4 s . . 1940 M-N
A -0 .......... 90
997ft A p r ’ 01
50 Sale
J -J
N e w p N e S h ip So D I> 5s #£1.990 J - J
99
J a n ’ 99
N
Y
D
o
c
k
5
0
-y
r
1
st
g
4
s
..
1951
A -0 > 1 0 0 *4......... 100*3 J ’ n e’ 01
F -A
9 2 ” S ale
F-A 108*4 S ale 108*4 109
N Y So O n t L a u d 1 st g 6 s. .1 9 1 0 F-A
9 108*4 1 1 2
R R S e c u r C o 5 0 -y r g 3*38.1951 J -J
St J o se p h 8 Ik YdH 1 st 4 *28.1930 J - J 101
A -0 .......... 98
93 A u g ’ 00
M-N ..........109
S t L T e r C u p p le s S ta t’ n <0 P ro p
109
109
2 100*4 109
J -J * .......... 92
91 7ft
91 7h 10 8 9
93
C o 1 st g 4 * 3 8 5-20 y e a r . . 1917 J -D
F-A
61
01
195 55
S Y u b a W a t C o con g 0 s .. 1923 J -J
01
......... 57
9 Bale
S p Val W a t W#rrkH 1 st 6s 1900 M-S
7*3
10 400
6*4
10
M-N U 3 h ......... 114 F e b ’ 02 . . . . 113 *s 114
U 8 R ed So K ef 1 st 8 f g 08.1931
8 6 * 4 S ale
N o price Friday; latest bid and asked. a D a e J a n h D a eF eb rfb n o A p r g Due J’ ne h Due J ’ly fc Duo Ang n Due Sep p Due
M-S * 98*3 99*4 99*4 1 0 0
9
M- 8
87*3 Bale
87
89*8 30
J -J
J -J
105 J a n ’ 00
F -A
0 5 *8 Sale
65
06*4 8 6 8

94*3 100
80
90

107

107

105

80*3 F e b ’ 02
76 J a n ’ 02
111 M ar'01
38

80*3 85*3
76
76

50

92
92
9 0 O ct ’ 99
91*4 D e c ’ 01

101 F e b ’ 97
113*3 J ’ Jy ' 0 0
86*4
87

107*3

38

50

12

90*3 95

33

85

Nov #/ Due Deo ^Option

88

I H fc C H K O N l U L h

118

Volume of Business at Stock Exchanges
T R A N S A C T ']IO N S A T T H E N E W Y O R K ST O C K E X C H A N G E
D A IL Y , W E E K L Y A N D Y E A R L Y

Stuck j

Week ending
Jreb2l

R a ilroa d dec
B onde

State
B on ds

$ 2 0 ,1 5 6 ,6 0 0
4 4 ,1 8 8 ,7 0 0
5 4 ,5 1 5 ,4 5 0
4 9 ,4 2 4 ,2 5 0
9 7 .6 4 6 ,4 0 0
5 3 ,7 7 3 ,2 0 0

$ 2 ,2 1 0 ,0 0 0
3 .4 7 2 .0 0 0
6 .2 1 8 .0 0 0
8 ,6 8 4 ,6 0 0
6 ,6 7 4 ,5 0 0
2 ,3 3 4 ,0 0 0

$ 7 ,0 0 0
•••••••♦
8 0 ,0 0 0

6 ,0 0 0

3 ,4 9 1 ,0 0 5 $ 3 2 5 ,7 0 2 ,5 0 0

$ 2 2 ,4 9 3 ,0 0 0

$ 3 7 ,0 0 0

$ 1 2 ,5 0 0

P ar value

Shares
---- - -— ——
2 7 0 ,7 7 9
S a tu rd a y .............
4 7 0 ,8 8 3
M o n d a y ...............
6 0 5 ,0 9 2
T uesday.. . . . . . . .
5 3 2 ,0 7 0
W e d n e s d a y ..........
1 ,0 4 1 ,1 6 4
T h u r s d a y .............
5 7 1 ,0 1 7
F rid a y . . . . ..........
T o t a l ..................

Week ending Feb 21

Sates at
Mew York Stock
Exchange

1901

1902

V s
Bonds
$ 6 ,0 0 0
600

January 1 to Feb 21
1901

1902

_____ _______

4 8 ,2 0 7 ,9 5 7
3 ,9 7 4 ,4 5 6
2 5 ,2 0 8 ,1 6 0
3 ,4 9 1 .0 0 5
8 tu ck s—N o. sh ares
Par v a lu e .......... $ 3 2 5 ,7 0 2 ,5 0 0 $ 3 8 9 ,0 7 4 ,9 5 0 $ 2 ,8 6 8 ,9 7 9 ,9 6 0 $ 4 ,0 5 3 ,2 3 2 ,3 0 0
$ 7 3 ,3 5 0
$ 1 3 ,4 0 0
$ 5 ,0 0 0
B a n k sh ares, p a r ..
BONDS

G overn m en t bon d s
S ta te b o n d s ..........
R R. an d m is. b on d s

$ 1 2 ,6 0 0
3 7 ,0 0 0
2 2 ,4 9 3 ,0 0 0

$ 2 3 ,5 0 0
2 ,0 0 0
1 9 ,6 2 7 ,0 0 0

$ 1 3 8 ,3 0 0
2 9 9 ,5 0 0
1 5 7 ,3 0 1 ,0 0 0

$ 4 7 0 ,0 5 0
4 3 2 ,9 0 0
1 8 6 .0 0 0 ,9 0 0

T o ta l b o n d s ....

$ 2 2 ,6 4 2 ,5 0 0

$ 1 9 ,6 5 2 ,6 0 0

$ 1 5 7 ,7 3 8 ,8 0 0

$ 1 8 6 ,9 9 3 ,8 5 0

D A IL Y T R A N S A C T IO N S A T T H E BO STO N A N D P H I L A D E L P llI A
EXCHANGES

Week ending
Feb 21

P hilad elp h ia

Boston

Unlisted
shares

B on d
sales

Unlisted
shares

1 2 ,4 5 0
1 8 ,7 5 8
2 7 ,0 2 8
30 ,1 0 5
3 0 ,9 7 2
2 5 ,5 5 3

9 ,9 1 9
1 8 ,2 6 6
1 4 ,7 1 0
1 7 ,4 0 4
17,292
15 ,8 9 9

$ 1 6 ,4 0 0
467
2 5 ,0 0 5
$ 1 3 0 ,0 5 0
4 5 ,8 0 0
987
2 6 ,9 0 9
7 1 ,9 7 5
1 2 4 ,3 5 0 ........... E L E C T I O N D A Y ...........
2 1 2 .4 0 0
1,071
1 1 1 ,3 2 5
5 4 ,0 6 8
1 84,500
4 ,9 9 3
6 6 ,9 3 3
2 1 8 ,4 9 0
3 2 5 ,3 0 0
4 ,0 7 4
1 2 9 ,7 2 5
3 3 ,9 5 9

T o t a l............ 144 ,8 6 6

9 3 ,4 9 0

$ 7 8 5 ,9 1 5

----------■
S a t u r d a y ........
M o n d a y ..........
T u e s d a y ..........
W edn esday. .
T h u r s d a y ........
F r i d a y .............

Bond
sales

Listed
shares

Listed
shares

1902

2 0 6 ,8 7 4

1 1 ,5 9 2

$ 7 8 4 ,4 0 0

Outside Securities
F or W eekly Bevie%v of Outside M arket See 7th Page Preceding.

Street R a ilw a ys

S tre e t R a ilw a y s
B id
A sk
40
43
G ra n d R a p id s R y ___ 100
89
90*2
P r e f e r r e d ...................100
34
35
B le e c k St & F u l F s tk 100
102
In d ia n a p o lis S t R y See P h ila list
99
1 s t m o r t 4 s 1 9 5 0 -----J -J
15
18
J C H o b A P a te r s o n . .1 0 0
251
B ’ w a y A 7 th A v e s t k . 100 245
82
4 s g N o v i 1 9 4 9 ... M -N § 81
103
l s t m o r t 5s 1 9 0 4 ...J -D 101
11
L a k e S t (C h ic ) E l s tk . 100
110
11*2
2 d m o r t 5 s 1 9 1 4 ........J-J 108
D e b 5s 1 9 2 8 ..............J-J
C o n 5 s 1 943 See S to ck E x c h list
L o u is v S t l i y 5s 1 9 3 0 J A J H I 8
119
116
B ’w a y S u rf 1 st 5 s g u 1 9 2 4 §1 1 4
11 3 %
102*2 L y n n A B o s 1 st 5s ’ 2 4 . J -D §112
2d 5s in t as r e n ta l 1905 §101
M in n e a p S t R y 5s SeeSlk. E x c h list
280
C e n tT C r o s s to w n s t k . 100 265
30
31
N e w O rle a n s C ity R y 100
126
1 s t M Os 1 9 2 2 ........ M -N §121
P r e f e r r e d ....................100 1 0 4
106
219
C e n P k K & E K i r s tk 100 208
N o r t h C h ic S tr s t o c k . 100 185
103
C o n s o l 7 s 1 9 0 2 ........ J -D 101
197
1 s t 5 s 1 9 0 6 -1 6 .......... J-J
C h r is tT A 1 0 th S t s tk 100 187
N o r t h J e r s e y S t s t o c k l 00
26
28
C ol A 9 th A v e 5 s See S to c k E x c h list
4 s 1 9 4 8 ......................M -N
81
130
81*2
D r y D K B A B a t s tk 100 120
116
P a t R y c o n 6s 1 9 3 1 ..J -D §1 2 8
1 st g o ld 6 s 1 9 3 2 ...J -D 112
105
2 d 6 s 1 9 1 4 ..................A - 0 §100
S crip 5s 1 9 1 4 ..........F -A 103
44
410
R o c h e s t e r R y (n e w ) . 100
46
E ig h th A v e n u e s to c k 100 4 0 0
P r e f e r r e d ....................1 0 0
93
105
109
95
S c r ip 6 s 1 9 1 4 ..........F -A
C
on
5s
1
9
3
0
..............A
-O
111
410
113
4 2 d A G r S t F e r r y s tk 100 4 0 0
100
2 d 5s 1 9 3 3 ................. J -D
65
75
104
4 2 d S t M A S t N A v e 100
114
S o S id e E l (C h ic) stk .lO O 10 6 %
l s t m o r t 6s 1 9 1 0 ...M -S 112
S y r a c u s e R a p T r 5 s 1946 101*2 103
101
99
2 d in c o m e 6s 1 9 1 5 .. J-J
U n it R y s (S t L T r a n s ) 100
L e x A v A P a v F o s See St k E x c List
30*2 31
83
P r e f e r r e d ....................100
126
84
M e t r o p o l S e c u r itie s (w i) 121
G e n 4s 1 9 3 4 ................J-J § 89
M e t r o p o lS t r e e t R y r ig h ts
1 0 % 11
89%
W e s t C h ic a g o S t ..........100
205
N in th A v e n u e s t o c k . 100 195
95*2
C o n g 5 s 1 9 3 6 ........ M -N §100*4
222
S e c o n d A v e n u e stock lO O 215
l s t m o r t 5 s 1 9 0 9 ..M -N §105
106*2
120
C o n s o l 5 s 1 9 4 8 ........F -A §1 1 8
G a s S e c u r itie s
180
S ix th A v e n u e s t o c k .. 100 170
NEW YORK
115
S o u B o u le v 5 s 1 9 4 5 ..J -J §111
C e n t U n io n G a s 1 st 5 s . . . §109*2 111
110
S o F e r 1 s t 5 s 1 9 1 9 .. .A -O §1 0 8
C o n G a s (N Y ) s to c k N Y S to c k E x c
E x c h list
T h ir d A v e n u e See S1
110
E q u i t G a s c o n 5 s l 9 3 2 See S tk E x list
108
T arry W P A M os 1
lit)
M u tu a l G a s ....................100 3 0 5
315
Y k e r s S t R R 5$ 1 9 4 6 A -0 109
N e w A m ste r d a m G a s—
2 8 th A 2 9 th S ts 1 st 5 s ’ 96 114*2 118
1 st c o n s o l 5s 1 9 4 8 ..J -J 111 112
415
T w e n ty -T h ird S t s t k . 100 4 0 8
N Y E le c L t P le a tA P o w e r
103
100
D e b 5 s 1 9 0 6 .............J-J
G o ld 5s See N Y S to c k E x c h list
117
U n io n R y 1 st 5s 1 9 4 2 F -A 116
N Y A E a s t R iv e r G a s—
W e s tc h e s t 1 st 5s 1 9 4 3 J -J 107*2 110
1 st 5 s 1 9 4 4 ..................J-J 113
115
BROOKLYN
C o n s o l 5s 1 9 4 5 ..........J-J 109
112
N
o
r
U
n
1
st
5
s
1
9
2
7
.M
-N
107
A tla n A v e 5s 1 9 0 9 ..A
§1 0 6
110
S
ta
n
d
a
rd
G
a
s
c
o
m
___
100
130
114
116
C on 5 s g 1 9 3 1 ..........A
135
P
r
e
f
e
r
r
e
d
....................100
150
li list
I m p t 5s See S to c k E:
155
l e t 5 s 1 9 3 0 ............. M -N §115*2 118
1 0 0 *2 103
246
248
OTHER CITIES
C on 5s See S to c k P
lis t
B k ln C ro sstn 5 s 1 9 0 8 . J-J 1 0 4
! A ra e r L ig h t A T r a c t . 100
29
107
30*2
B k n H g t s 1 st 5s 1941
P r e f e r r e d ....................100
105
108
89*2 90*2
B k ln Q C o A S u b See
E x c li list
B a ltim o r e C o n so lid a t See B a lt list
B k ly n R a p T r a n See
B a y S ta te G a s ................ 50
E x c li list
400
B in g h a m to n G a s—
325
102
103
5s 1 9 3 8 ....................... A -O § 93
95
S s c r t f s i n d b t 1 9 0 3 ..J-J 101
B o s to n U n ite d G as b on d s B o sto n list
B r k C A N 5s 1939
B u ffa lo C ity G as s t o c k l 00
8
115
113
9*1
1 st 5 s b o n d s .....................
85
105
106
C h ica g o G as se e N Y Stk E x c h list'
109
106
JCings Co. E le v a te d —
C in c in n a ti G as A E leclO O 1 0 ]
101 *2
1 s t 4 s 1949 See St
E x c h lis t
92
C ol G a s L A H e a t com 100
93
P r e f e r r e d ....................100 101*2 105
85
83
5 s 1 9 4 4 ......................A 1 st 6s 1 9 3 2 ..................J-J §107% 169
113
115
l s t 4 s 1 9 5 1 ...............JC o n so l G a s (N J ) stk .lO O
89
91
13
15
105
1 s t 5s 1 9 3 6 ..................J-J
106
80
81
C
o
n
su
m
G
a
s
(J
C
ity
)—
117
9115
1 st 6s 1 9 0 4 .............. M -N §102
OTHER CITIES
D e t r o it C ity G a s ........... 50
62
B u ffa lo S tre e t R y —
D e t ’ t G a s b ’ds See N Y S tk E x cii list
E s s e x A H u d s o n G as 100
30
L §116*2 118
35
§1 0 6
F o r t W a y n e (I n d )—
) 210
1 st 68 1 9 2 5 .................. J-J
219
58
60
C h ic U n io n T r a c com .
)
13*2 14% G as A E le c B e r g e n Co 100
25
30
)
47
4 8 % G ran d R a p id s G a s—
) 101
110
1 st 5s 1 9 1 5 ................ F-A §105
106
)
81*4 84*2 H a r tfo r d (C t) G as L . ..2 5 ) 48
60
)
52*4 53*2 H u d s o n C o G a s ........... 100
23
26
5 s g 1 9 4 9 ............................ 100
) 101
102
101%
i ila list
In d ia n a N a t A i l l (in s ­
C o lu m R y c o n 5s Se
i s t 6s 1 9 0 8 .............. M -N
____
.111
..
C g osst’ w n 1 s t 5 8 ’3 2 - _ §109
45
50

NEW YORK CITY

B id

A sk

$ H * jr e r p a y s a c c r u e d in terest.

\ P r ic e p er sh are.

t S a le pri

S e c u r itie s
u d ia n a p o lis G a s sto c k 50
1st 6s 1 9 2 0 ............. M -N
a ck a on G as C o .......... 50
o s g 1 9 3 7 ....................A-O
K an sas C ity G a s ..........100
6s 1 9 2 2 ....................... A-O
L a cle d e G as See N V Stk
^afay’ e G a s 1st 6 s ’ 24.M N
m g A W a b V 1st 0 s ’ 25.J •1>
M ad ison G as 6s 1926. A -O
N e w a rk G as 6s 1944. Q J
N e w a rk C on sol G a s . 100
5s 1948 See S to c k E x c h
N e w E n g G a s A C See B
O A In d C on N a t A 111 100
1st Hs 1 9 2 6 ................J -D
P r o v id e n c e G a s .............. 60
S t J o s e p h G a s 5 s 1937. J J
S tP a u lG a s G en 6 s ’ 44M -S
y r a c u s e G a s s t o c k .. 100
1st 5s 1 9 4 6 ..................J-J
Western G a s—5s See S t’ k

[V o l . L X X IV
Bid

A sk 1 I n d u s t r ia l a n d .H ih cri

L Ul

A sk

35
45
C h a tea u ga y ( )re A i Iks' 1 3
15
20
Olios A O G rain El m e ...
4 s .......................................... §88
101
O iieseb rou g h M tg Co 100 4 10 455
102
105
22
32
: C latlin (11 B) 1st prei 100 100
102
a 01
102 %
2d p r e fe r r e d ............. 100
E xch
C o m m o n ......................l o o 100% 102
60
60
Col A i lo c k Coal A I p i 100
55
65
50 I 1st g 5s 1 9 1 7 .............. 1 J
40
8
11
C om p] eased A ir C o ... 100
H 07% 109
50
60
C on sol Id Oar H ea tin g l o o
i 141% 142
10
20
58
C on sol F ir o w ’ ka co m . lo u
56
55
List
p r e f e r r e d ..... ............. 1 o o
3
4%
C on sol R u b b e r T i r e . . I 0 0
iston 1 ist
18
C o n t in e n t a lT o b a c d e b 7s 104
22
107
300
50
60 |C o rb in C abinet L o ck . 100 250
107
97 % C o rb in (1* A F) C o .......
95
35
C orn P r o d u c t s (w i ) .. l o o
96
37
§ 95
85
87
P r e fe r r e d (w l ) ....... 1 o o
i 89% 91 %
70
75
C ra m p s’ Sh A E n B ld g io o
20
16
23
C ru cib le S t e e l ............. 1 o o
98
86% 81) %
P r e f e r r e d ....................10.0
E x c li list
D ia m on d M a tch C o see C \ch Inst
Tulegr A: Telephone
D om in ion S e c u r itie s . 100 103% 103%
25
28
E le c tr ic B o a t................ 100
Liner DistTeleg( N Y ) 100
36
40
45
50
P r e f e r r e d ....................100
107
104
O1.,
2
E le c t r ic V e h ic le ......... 1o o
106
L04
5%
4%
p r e f e r r e d ....................100
64
67
80
E m p ire State. S u g a r .. 100
5s 1 9 0 9 -2 9 ................... J-J 105%
1 st 6s 1 9 1 5 .................J -J 'i......... 9 5 %
184
omm< rcial ( ’able__ 100
| o m m er U n T e l (N Y).*25 115
8
E m p ire S t e e l.............. .1 0 0
48
84
hup A B ay S ta te T e l 100
P r e f e r r e d ....................100
G en era l C a r r ia g e ........100
%
l* s
h ie T e le g A T e le p See B o sto n list
62
G9
G en era l C h e m ica l___ 100
47
55
T a n k lin ......................... 100
99
100
P r e f e r r e d ....................100
123
lold A S t o c k ................ 100 120
G orh am M fg C o c o m . 100 115
4*28, 1 9 0 5 .....................
P r e f e r r e d ....................100 125
H u d so n R iv e r T e le p li 100 an*100 102*2
62% 63
M e x ic a n T e le p h o n e See B o sto n list. 11 ac ken sack M eado wa 100
55
60
N e w E n g T e le p h o n e See B osto n list H a ll S ig n a l C o ............100
11
13
H a v a n a C o m m e rcia l. 100
N orth w e ste r n T e l e g .. . 50 122
126
49
54
P r e f e r r e d ...................100
N Yr A N J T e le p h o n e 100 168
170*2
6s 1921)....................... M -N 112
H k r-J on es-J e w T M ill.p fd
9 2 % 100
1 st 6s 1 9 2 2 ............... M S
78
83
P a c ific A A t la n t i c ........25
3
1%
H e r r in g -11a ll-M a rv in 100
P r o v id e n c e T e le p h o n e . 50 1101
34
40
1 s t p r e fe r r e d ............. 100
103
S o u th e rn A A t l a n t i c ..25 100
5
10
7
2d p r e fe r r e d ............. 100
5
T e l T e l A C a b le o f A m . 16 t
H o b o k e n L a n d A Im plO O 110
E l e c t r i c C o m p a n ie s
5s 1 9 1 0 ..................... M -N 106
217
I n t e r n a t ’lB a n k in g C o l 00 215
A lle g h e n y Co L ig ’ t Co 100
22
24
C h ic a g o E d is o n C o ... 100
167*2 I n te r n a tio n a l S a lt ce rtls.
E d iso n E l 111 B r k 4 s N Y S to ck E xch I n te r n a t’ l S ilv e r See S tk E x c h list
6 s 1 9 4 8 ......................... J -D 100% 102
E le ct ro -P n e uni ’ ic T r a n 10 t
1%
1*8
3
G e n e ra l E le c t r ic C o N Yr S tock E xch Tron S t e a m b o a t ........... 25 1.........
150
J o h n B S te tso n c o m .. 100 140
200
H a r tfo r d (C t) E le c L t 100 196
P r e f e r r e d ................... 100 135
192
K in g s C o E le c L A P C o lO O 187
10%
N a r r a g a n (P r o v ) E l C o 50 1 94%
L a n s to n M o n o ty p e ___ 20 1 10
220
L a w y e r s M o r t I n s u r .1 0 0 2 1 0
38
40
N Y A Q E l L A P o w C o lO O
110
72
P r e f e r r e d ...................100
•••••- L a w y e r s ’ S u r e t y ........100 105
340
L a w y e r s ’ T itle I n s . ..1 0 0 330
R h o Isl E le c P r o t e c ColOO 125
L o rd lard (P ) p r e f ........100 120
15
17
U n ite d E le c t r ic o f N J 1 0 0
10
68
M ad ison S q G a r d e n .. 100
71
48 1929
/ ;>
U n it E le c L t & P o C o . . 50 See B a It list
2 d 6s 1 9 1 9 ............... M N
8%
8%
M e x N a t C o n s t r u e .p f 100
F e r r y C o m p a n ie s
M o n o n g a h e la R C o a l ..50 1 13% 3 3%
1
43%
44
P r e f e r r e d .....................50
18
17
B r o o k ly n F e r r y stock lO O
3%
3%
M o n t A B o sto n C o p p e r .5 l
115
N Y A B 1 s t 6s 1 9 1 1 . J-J 113
100
M o sle r S a fe C o ........... 100
C on 5s 1 9 4 8 See S to ck E x c h list
20% 20%
110
N a tio n a l C a r b o n ......... 100
108
M e tr o p o lita n F e r r y 5 s ..
83 % 84%
P r e f e r r e d ...................100
N Y A E R F e r r y stk .lO O
70
73
31
32
N a t E n a n T g A S tam p 100
95
1 s t 5 s 1 9 2 2 .............. M -N § 94
'
86
87
P r e f e r r e d ...................100
70
N Y & H o b o k e n stk .lO O
N a tio n a l S u r e t y ..........100 140
H o b F y 1 s t 5 s 1946 M -N §112*2 114
33
40
N e w C en tral C o a l..........20
89
C o n 5s 1 9 4 6 ..............J -D § 87
80
N Y L o a n A i m p ........100
N e w Y o r k A N e w J e r se y
116
N Y B is c u it 6s 1 9 1 1 .M -S 114
1 st 5s 1 9 4 6 ..................J-J 105*2 107
N Y D o c k Co
See S tock E x c li list
75
1 0 th A 2 3 d S ts F e r r y 100
P r e fe r r e d
See S tock E x c li list
1 st m o r t 5s 1 9 1 9 ...J -D §105
i()8
42
1 s t 4 s 1951
See S to ck E x c li list
U n io n F e r r y s to c k . ..1 0 0
43
150
N Y R e a lty C o r p ........100 145
1 s t 5 8 1 9 2 0 ................M -N § 95
N Y T r a n s p o r t a t io n ...20 f 13% 14
N ic h o ls o n F ile C o ___ 100 130
R a ilr o a d
7
8
O n ta rio S ilv e r ............. 100
29
O tis E le v a t o r c o m ___ 100
29*2
C liic P e o A S t L p r e f.1 0 0
9*2
100
98
P r e f e r r e d ....................100
P r io r lie n g 4 * 2 S ’3 0 M A S §106
108
2 4 % 25
C on m t g g 5s 1 9 3 0 . J A J
99% 100*4 P itt s b u r g B r e w in g ___ 50
P r e f e r r e d ...................... 50
32
29
44% 44%
In c o m e 5s 1 9 3 0 ...............
25*4 25%
D e n v e r A S o u th ’ n See S tk E x lis t P it t s b u r g C o a l.............. 100
90
90 *2
P r e f e r r e d ....................100
D e tr o it S o u th e r n See S tk E x c h lis t
149
P itts P la te G la s s ........100
K C F t S c A M e m p i See S tk E x lis t
P o c a h o n ta s C oal S u b s . . . 127% 129
R e fg g 4 s 1 9 3 6 See S tc k E x c h lis t
90
M e x N a t io n a l (w i) ..1 0 0
16*2 17*2 P r a tt A W h itn p r e f .. 100
344
P r e fe r r e d (w i ) ........ 100
P r o c t e r A G a m b le ___ 100 340
40*2 41
202
P r e f e r r e d ....................100
B o n d s See S to c k E x c h lis t
140
N o r A W e s t - P o c a 4 s . 1941
9 4 % 94*2 R a p T S u b O p er 10 pd 100 137
107*2
R o y a lB a k P o w d p r e f.1 0 0 106
N o r P a c n e w 4 s ( w i ) ........
N o r ’ n S e c u r itie s (\vi) 100 102*4 102*2 R u b b e r G o o d s M fg Set? St o c k E x list.
62
P itts B e s s A L E ..........50 t 36
36*2 R u s s e ll A E r w in ..........25
144
S a fety C ar H e a t A L t 100 141
P r e f e r r e d . , ...................50 t 70
75
S im m on s H a rd w c o m 100 ISO
S ea b oa rd A i r L in e See B a lt list
P r e f e r r e d ....................100 139
147
2d p r e fe r r e d _______ 1 00 142
I n d u s t r ia l a n d M i s c c l
S in g e r M fg C o .............. l o o 235 12 55
4 * 2 1 5*4
S ta n d a rd M illin g C o .100
A c k e r M e r A C o n d it ...6 s 100
20
23
P r e f e r r e d ....................100
A llia n c e R e a lt y ..........100 100
120
72
74
5 s ...........................
A m a lg C o p p e r See S to ck E x c li list
650
S ta n d a rd Oil o f N J ..1 0 0 640
A m A g r i c C liem See B osto n list
220
S tan d U n d e r g d C a b le 100
A in e r B a n k N o t e C o .. . 50 t 55
58
35
S tan dard C o u p le r comlOO, ” *30'
A m B ic y c le See N Y S tk E x c h list
P r e f e r r e d ....................100 125
A m e r ic a n C an c o m . . . 100
16
16*2
P r e f e r r e d ............
100
57*« S w ift A C o ..................... IOOi 104
57
102
A m e r ic a n C h icle C o .. 100
| 1 st 5s 1 9 1 0 -1 9 1 4 ....J - J I§101
80
82
P r e f e r r e d ....................l o o
T e n n e s s e e C o p p e r........ 2 5 j I 1 4 ‘2 15
SO
84
T e x a s A P a ciIn Coal 1UU
l ’U
6
A rn er G r a p lio p h o n e ...1 0
3%
9
110
P r e f e r r e d .....................l o
1st 6s 1 9 0 8 ............... A-O i 1un
7*2
T itle G u ar A T r u s t .. 100 550
5%
6
A m e iT li d e A L e a th e r 100
7
5
!T r e n to n P o tte r y com 100
P r e f e r r e d ....................100
39
38
09
j P r e f e r r e d ................. 100
71
6 s See S to c k E x c h list
70
100
A m e r ic a n P a la c e Car. 100
40*2 4 1 *
..1 0 t 3
80
99
P r e f e r r e d .................... 100
3
20
U n ion S te e l A Cluun 100
A in e r P r e s s A ssoeY i.lO O
90
100
40
P r e f e r r e d ................. 100
50
SO
‘A m e r ic a n S c r e w ........100
St)
U n ion S w itc h A S ign ; ul 50 i 7S
A m o r S h ip b u ild in g ... 100
36 % 37
l 9S
100
P r e f e r r e d ....................100
95
97
44 % 4 4
Union lypewr coni.. 100
A m S oda F o u n c o m .. 100
3
6
125
1 s t p r e fe r r e d .............. 100
1st p r e fe r r e d ............. 100 122
52% 60
122
2d p r e fe r r e d ............. 100 U 9
12
2 d p r e fe r r e d .............. l o o
51> 0
I s Cast I roll P i p e ... 100
185
A m e r ic a n S u r e t y ......... 50 175
MS
36
P re fe rre d ................... 100
A in e r S tr a w b o a r d ___ 100
23 *2 24
19
21
B o n d s 6 s . . .................. F -A 100%
I S C o lto n D u c k ........ 100
P re fe r r e d ................... 100
45
A m T y p e fo ’ r s s t o c k .. J 00
50
l s E n v e lo p e c o m ... lo o t ........ 40
A in e r W o o le n see s to c k E xoll list
100
78
SI
A m o r W r it in g P a p e r. 100
2 *.
1*2
9
U S Glass common. 100 ;\v\, 36
P r e f e r r e d ....................100
7%
100 1 10
145
6s 1 9 1 9 .........................J-J
71
68
I s R ed u etA K ertningStt s tk E \ ;u s t
A n t h r a c ite C o a l......... 100 . 70
80
U S S teel C orp ora tion Sec s to ck Ex oh
20
B a r n e y A Sm O ar........100
25
IS
l u iv e rsa l I V o a c o o ... 100
13
P r e f e r r e d ....................100 129
131
55
P r e f e r r e d ......... . ...1 0 0
40
B lis s ( orupany c o m ___ 50 135
145
12
10
Y a C oal Iron A C ok e. 100
P r e f e r r e d ......................50 134
140
62
50
6s 1 9 4 9 .................. M S
......
B on d A .dm t G u a r ... 100 130
181%
9
9 * Westingh Air Brake . 50|«.1S0
B r it’ h C o lu m b ia C op p er 5
White Knob Muting. 100] l
17 %
C ellu lo id C o ....................100 107
112
Worthing Pump pret. IOOi 125 127
C ent F ir e w o r k s c o m . 100
20
i ;
P r e f e r r e d ....................100
62% 70
60
101

65
103

February

22,

THE CHRONICLE

1902. j

419

Boston, Philadelphia and Baltimore Stock Exchan&res— A Daily and Yearly Record.
Share P r lc e e -N o t P er Centum* P ric e s.
S a tu r d a y t
F eb . 15.

M onday,
F eb . 17.

T u e id a y ,
Feb. 18.!

W ed n esd ay T h u rsd a y,
F eb . 20.
F eb. 19

ACTIVE 3TO C K 8.
F r id a y ,
Feb. 21.

Indicates unlisted.

Hales
o f th e
W eek.
S h a res

R a n g e o f H a iti i n
L o w est.

1902

High** l

Itnllrond Htoeks.
CO * 0 1 % Jan. 2 20 ' Jan. 81
2 0 9 * 389* 203 203 263 308 Boston A Albany..,.,........ (Boston).... 100
202
202
262 2 0 2
127 101*4 Ifob. 21 170 Jan. 25
1 0 S 102
102
102
* 1 0 * 103
“
....100
10 1* 102
1 0 .1 * 1 0 1 % Boston Mlevated, fall paid..
, ♦ 845
24 > Jan. 2 240 Feb. 4
♦ 245 ---- *246
♦ 345
Boston A Lowell..,.«•,...•••
44 ....100
♦ 246
*845 ’
557 1.91 Jan. 9 193 Jan. 25
192* 108 Boston A Maine....................
103 108
192% 192* 1 MB 108
41 .... 100
193 199
198 198
680 152 Feb 20 167 Jan. 18
153 153
153 153* Ohio. Juno. A Un.Btook Yds. 44 ....100
154 154
154W 154* 1G5«15BX ♦ 154* 155
1 2 I 180
132 188 *180* >82 *1 H< *
Preferred .......................
'4 .... 100
Jau. 3 185 Jan. 80
133 18* ♦ 18 * 182 ♦ 180* 188
7
0
*
40
1 70 Jan. 10 78 Jan. 18
71
7
0
*
71
71
♦
70*
71
1
Choc.
Okla.
A
G.
trust
certs.
(Phlla.).,.,
G
O
70%
*7 0* 71
900 58 J a n . 10 5 4 * Jan.
6 3 * 5 8 * 5 3 * 5 8 * 5 3 * Preferred Tr. oertffl..... "
68*
.... 50
5 8 * 53^ ♦ 58* 6 3 *
127 142 Jan. 24 140 Feb. 14
140 140 ♦ 140
146 * 145% 145 140 140 140
Fitchburg, prof............ (Boston),.. .100
*145
8 0 * 30
8 « * Lehigh Valley...................(Pbila.)',.,, G
8 0 * 80% 30
O 3,981 3 5 * Jan. 14 3 8 * Jan. 2
8 0 * 3 0 * 80% 36%
11,814
8
7%
8
0
*
83 Jan. 30 3 7 * Feb. 17
3 7 * 8 7 * 3 7 * 8 ?%
30
37
35%
Massachusetts Meet. Cos ...(Boston)..., 100
37
37% 37
00
90
00
00*
Preferred,,,,.....................
“ .,..100 8,590 9 l Jan. 2b 0 7 * Feb. 17
9 5 * 9 0 * 9 6 * 9 7 * 9 7 97% 9 0 * 97
*3«%
20
28
819
38%
8
8
*
2
8
*
23%
2
M*
3
8
*
....100
Mexican
Central.......“
Jan. 15 30*. Feb. <7
2
8
*
•88
MOO 107 Northern C e n t r a l . ( B a l t . ) .... GO
25 104 Jan. 7 100 * Feb. 10
♦ ___1 0 0 *
1 0 0 * KKW
9 1 0 * 2 1 0 * ♦ 810
81 2 1 0 Jan. 2 211 Feb. 4
2 10 ’ 210
210
210
()Id Colony............. •••••••«(Boston).... 100
210* 210*
•iio
1,228 739* Jan. 14 7 5 * Feb. 11
..... (Phlla.). •.. 50
•7 6* 7>% 75 7-10 9 10 ««,.«< ..... 7 5 * 75% 74% 7 5 * 7 4 * 74% Pennsylvania.
37%
70,970
20 11-•l0Ja If 2 0 * Feb. 18
38
1
1
0
b
2 8%
Reading Company.........
“ .... 50
9 8 * 29 88 18-10 9 *
42
“
.... 50 3,83 i 4 0 * Jan. 14 4 9 * F- b. 10
4 2 * 4 1 * 1 1 - 1 0 X40% 40% 1st preferred........ .
4 1 * 4 1 * 4 1 * 41%
8 4 * 85 3 3 * 34 3 16 3 * * 3 4 * £d preferred......................
88% 3 4 *
“ , . , , 5 0 54,808 80 Jan. 14 35 Feb. 19
a
34% 24* Seaboard Air Line ......... (Balt.) ,,.,100 1,445 2 8 * Jan. 24 29 Feb. 14
25
2 5 * 26% ♦ 25% 2 5 * 2 5 * 2 ^% ^6
25
85
4 7 * 47% 4 7 * 4 7 * 4 7 * 47*
♦ 40* 40% Preferred........... ••«.•••••
“
..,.100 1,870 4 0 * Jan. 2 5 0 * Jan. 2
••*•
1,777 9 9 * Jan. 27 •04 ^ an. 2
101
1 0 1 % 1 0 0 % 1 0 1 % Union Paolfio..........••••••••(Boston)....100
1 08* 1 0 2 * 1 0 3 * 1 0 3 * 103 103% 108 104
820 8 7 * Jan. 28 9 0 * J*u. 2
89
8
9
*
8
0
*
89
8
9
*
8
9
*
Preferred., ••*....•«...•«
.,..100
•8 9 * 8 9 * 8 w* 8 k*H
3 0 * 30
8 7 * Union Traction, $ i 7 * paid. (Phlla.),... 50 28,850 82 Jan. 0 3 7* Feb. 10
38% 87
30% 30% 30
8 0 * 87
50 8,023 14% Jan. 27 1 0 * Feb. 19
10*
1 6 * 1 6 * 16% 16% 16% 16* 16% 1 6 * 1 H% United Ry A Meo. Oo.. ••<>•, (Balt.)
16* 16*
985 04 Jan. 2 90, Feb. 19
90
90 West End Street....«• ....... .(Boston).... 50
9 5 * 9 6 * 9 5 * 90
90
90
96
95
95
95
M iscellaneous Stocks,
7
0
*
09
20,318
0
9
*
70
Amalgamated Copper! ..•••(Boston)....100
68*
0 7 * Jan. 10 79 Feb. 1
7 0 * 70% 7 1 * 6 8 % 7 1 * 6 8 *
08
24
2 4 * 2 3 * 24% •2 3* 2 1
♦ 23* 24 Amer. Agrlcul, Chemical !..
2 3 * 24
“
••••100 1,355 21 Jan. 16 2 4 * Feb. 19
33 23
80
301 8 1 * Jan.
85
6 5 * *85
85
86*
*84% 8 5 * Preferred If...... .
“ ....100
80
8 0 * Feb. 10
8 5 * 8 5 * 80
100
* Jan. 4
* Feb. 8
* Amerloan Alkali........ ........ (Phils.).... 50
**
* I.HII «••••< .. •. • •••••• 7-10 7-10
*
•*
Preferred, $10 paid ...••••
“ •••• 50
129% 181% 128% 180
1 2 3 * 1 ? 9 * American Sugar RefiningT.(Boston).,..100 19,588 110* Jan.
132 Feb. 18
128 128 1 2 8 * 181% 1 3 0 *1 3 3
186 115 Jan.
•119 120 119 119
119 119
“ .,..100
119% 119% 119 llw * Preferred!,...... ••••..,,••
1 7 9 * Feb. 21
•119
2,207 157 Feb.
41 .... 10 0
10 > Jan. 3
158 159 158 158* 1 57* 158* 1 5 7 * 158 157 157* 157 158 Amer. Telephone A Tel. Co..
185 500 Jan.
020 625 030 820 620 020
920 025 • 0 1 0 025 Calumet A Heola .,.• ............
050 Feb. 1
44 .... 25
015 0 2 0
34
24 Camb.Steel,$181*paid reots.t Phlla.).... 50 2,740 3 3 * Feb.
23% 3 4 * 34
24
28% 2 4 *
20 Jan. 7
24
Si
1 4 * 1 4 * 1 8 * 15% 1 7 * 15
Jan.
1 8 * Feb. 1 0
1 0 * Centennial Mining.•••..•••• (Boston).... 85 14,083 11
1 3 * 1 8 * 1 4 * 1 4 * 14
«
7
*
67
Consolidated Gas............... (Balt.) ....100 3,3° 5 0 2 * Jan.
0 7 * Feb. 21
6 0 * 6 6 % 8 0 * 0 8 * 6 6 % 6 0 * 0 0 * 0 7 * 06% 0 7 *
2 2 % 2SH Consol. Lake S u p e r io r .(P h lla .) ••••100
8,900 23 Jan.
2 3 * 28% 23
885*
22* 23*
22*
22*
2 v Jan. 11
4,024 0 0 * Jan.
7 3 * 78
73
7 3 * 7 * * 73
Preferred.........................
41 .•••100
71
78*
7 4 * Feb. 19
7 0 * 71
74% 70
81
8 5 * Dominion Coal ................ .(Boston)....100 14,402 54 Jan.
8 5 * Feb. 31
*71
7 1 * 7 1 * 78M 78% 7 3 * 7 3 * 75
19 Brie Telephone........... •«•
130 1 4 * Jan.
1 9 * 20 j 19
19
18
18
18
“ ....100
to
20
8 ) Jan. 28
*♦ .•••• 2 0 *
9
77
77
7
ftW
70 Lehigh Coal A Navigation... (Phlla.).... 50
76% *75
77
77
515 76 Jan.
7 8 * Jan. 2
1,880
♦
4
4
4
*
4
1-16
4%
4
Marsden Co! .•••,,••••.,.•••
44 «<,*«100
4 * Jan. 2
2 * Feb.
4 * .«»•*• •••• «••«•• ....
1,905
*
7-16
National
Asphalt
••••««•»••
u
••••
50
*
Jan.
l
1 - 1 0 Feb. 7
>••••(
!»••••
%
*
%
H
*
*
%
%
i*
Preferred.,••••••• ,•••.«•,
44
50
410 1 Jan.
1% Jan* 13
1*
1%
1*
•89
90
♦ 89* 90
♦ 89* 00 New Sng. Cotton Yarn, pref.(Boston) ♦ •••100
8 9 * 8 9 * •8 9 * 90
15 89 Jan,
90
90 Jam 3
*89
140 140
140 140
140 140 New England Telephone....
75 135 Jan.
1 4 0 * 140* *L4l ..... 139 139
4,1 .... 100
141 Jan. 29
*93
23
21*
21*
1,445 2 1 * Jan.
44 .... 25
8 1 * 2 1 * 22
35 Feb. i
31% 31% 3 1 * 2 2 Old Dominion Copper!.,...*
21*
3
11-16
8
*
8
1
1
1
0
3
*
3
11-10
8
%
5,473
8
*
Philadelphia
Elec.!
5
paid..
(Phlla.
8
*
Jan.
4
13-10 Jan 3
3 >1-10
13
1 2 * n% 13
1
2
n
*
1
2
3,592
Trinity
Mining
.......
(Boston)....
25
1 3 * 1 3 * 1 2 * 13
14% Jam 3
1
1
*
Feb.
n%
119 119% 119 1 19* 118% 119 United Gas Improvement !.. (Phlla.).... 50 1,257 115 Jan.
120
1 1 9 * 119* 1 1 9 * 119*
Feb. 8
47% 48 United Shoe Machinery.,,. •(Boston)., •• 25
♦ 47* 48
4 7 * 4 7 * 48
48
210 40 Jan.
4 7 * 4 7 * *4 7 * 48
49 Jan. 25
29
2 9 * 2 9 * 2 9 * 29
3 2 * Preferred
2 y* 39*
784 29 Jan.
20
“ .... 25
2»*
2 9 * Jam 4
* 9 * 29
•12
12*
12*
12*
♦ 13
331 11 Jan,
18* 12 *
12 % *12
13% 1 2
1 3 * United States Oil..,,,•...••o
44 .... 25
1 8 * Feb, 0
81 Welsbaoh Co........ ............ (Phlla.).... 100
♦ 29
10 24 Jan.
30
80
30 Jan. 9
88
90
87
*88
50 8 8 * Jan.
89 •...... »d •....... 93 •
87
Westingh. Electric A Mfg... (Boston).... 50
90 Jan, 2
90
00
90
90
,4
*o
90
86 Tan.
8 9 * 89% •90 ...... ♦ 00 , 0c ,
95 Jam 1 0
9 0 * Preferred ..........................
a 33 13-10 34 1-16
•Bid and askedprloef BO tale wa made.
b 88 1 6 - 1 6 89 5-16 ^Philadelphia Bxoha nge clo sed—Election day.
Bid. Ask
Bid. Ask
INACTIVE 8TO C K 3 Bid. Ask.
BONDS
STOCKS—BOND8 Bid. Ask.
BONDS
MISOBLL.—Concluded.
RAILROADS.—P r i c t t Feb 21
Boston—Concluded.
B altim ore—Conolu’d.
. •••. • NewBng congen5s’45JAJ 1
Mfd Rubberpfd(Phil) 50
Amer. Rallwajs(Phil) 50 4 4 *
Va (State) 8 s newD’S2JAJ 09
Fund debt2“8s. 1991 JAJ 09 100
Mergenthalor ..(Boat) L00 170* 1 77* N B CotYarn 5s 1929FAA §103 104
All A Charlotte (Balt) 100 160
59
NB Gas A C ist 5s..1937 i 58
2*
WestNC con 08.1914 JAJ U 9 *
Mex i elephone
10
Boa A Maine pf.(Bost) 100 172
m
1
2
New Eng Tele 5s. ’10 AAO §..,9,0
MtVerCotDuck(Balt) .... 1 1 %
Boston A Prov. 44 100 806
W®stVaCAPlst0g.’llJAJ 115 1 15*
6 s ............... 1907 AAO \ . • 0• •oo4• e Wil A Weld 5s.. 1985 JAJ 130
ftewBngGs&u 1 (Bost) ...
OonnAPassum 44 1 0 0 165
5* 0
N YAN Eng 1st 7s.’05 JAJ §109*
New Hav I A S.(Phii) 5
Bonds—P hiladelphia
Conn River.... 44 100 285
3
1st mort 0s.. ..1905 JAJ §106*
3*
All©Vy E ext 7s 1910 AAO
Old Col Mining. (Bost) 25
Consol Tr Pitts!(Phil) 50
33*
7 5 * Rutland 1st0s..’02 MAN § 1 0 1 • *" H Asphalt Co 5s tr ctfs 194 9 32
Osceola Mining. 44 35 75
44
50
Pref!........
Gs South A Fla. (Balt) 100 48
Atl City 1st 5sg..’19 MAN 114 115*
53
* Rut-Can 1st 4 s 1949.JAJ § 1 0 2 104
Palmetto Co.... (Phil) 25
32
93
8
1
*
§
i0
5
*
106
Seat
Elec
1st
5sl
9
3
O
F
A
A
Balls
Ter
1st
5o.
1926
JAD
10
2
*
Parrott 811ACop( Bost) 10
1 st pref.,,,,,
44
1 0 0 100
Torrington 1st 5» 1918...
•»•« i
78
Penn Elec Veh. (Phil) 50
79
2 d pref.,..,.
14
100
BergAEBrewlst0s,21 JAJ
■••••■ West End St 5 s . 02 MAN 1 1 ♦♦ •■ 1 0 2
G’rmant’n Pass (Phil) 50 1 45* 150
Cambria Iron 0s, 1917 JAJ
Pref.............. 44 50
52
4 * s ............ 1914 MA8 «*•••« 9 .«•••* ChesAD CanlutSs.’ieJA'
» •0 9 •
Pennsyl Salt... 44 50 1 1 2
Hestonv MAT 44 50
Deb 4 s....,,.1910 MAN I...,.' * * ••* ChocAMemist5sl949JAJ 1 1 5 * 110
Pennsyl Steel., 44 , •,, o••••• » . . •»
Pref..... .
44
50 ‘Vs*
8
4
*
n
o*
111
» •S
Inda Street..... 44 100
Bonds)—Baltim ore*
-ChocQkAGgen 5s’19JAJ
Pref ....•••••. 44 100
AnacoBtia A P ot,.,,. *, 5s 9 8 * 0 4 * Cit’s’StRy (Ind)oon 5sJ33
iiittle Schuylk. 44
50
Phlla Co •••., 44 50 40
8
Atl A Ch 1st 7S.1907 JAJ 114* 115
9
Oolum St Ry 1st con 5s.’32
Maine Central.(Bost) 100 178 *«•••• PlantersComp!( Bost) 100
co9i ni
Atl Coast L ctfs 5s . .JAD
no*
Mlnehill ASH.(Phil) 50 ». •* 64
•...» 0 Con Trac of N J 1st 5s..’3:
Quincy Mining. 44 25 140 145
Wesquehon’g V, 44 50 5 1 *
DelABBk lst7s.’05 FAA
Rhode Isl Min.. 44
35
» * m BaltCPaa lst5»„1911MAN 109° 1 1 1
Balt. Fundg 5s. 1910 MAN 1 2 v * 123
l
SSaatAA 1st M5a. ’20 MAJV iVe
North Penn.... 44 50 1 09* 1 1 0 * 8 anta Yaabel G 44
5
*
Exchange 3*s. 1930JAJ 1 1 0 1 0 % Edison Elec 5© stk tr ctfs
Per# Marqu’te. (Bost) 100
Seattle Electric 44 100 70 >.*•»«
75
Funding, 8 * s , 1953JAJ H 3« 114
ElecA Peop’s Tr stk tr ctfs 9 9 * 8 9 *
85
Pref...... .
44
100
Pref...-.
44
100 107
Bait&PlstOaml 1911AAO •, •. ■ «•*•» MmAWilm 1st 00.’10 JAJ
Phil Germ A N.(Phil) 50
m
«**».« Basque I AS!.. (Phil) 5
1st 0s tunnel 1911..JAJ
Phila. Traction 44 50 9 0 * .... Tamarack Min.(Bost) 25 235 240
Income 5fl.„„,2802 AAO 107
Bal Trac 1st 5s.l929MAN 117 ‘r 119 1 Eq 111 Gaa-L lBtg5s.l928
* •,»
5 *
Rys Co Generali 44 ....
0*
Tidewater St.. - (Phil) 10
27
No
BaltDlv
5s.l942JAD
1
2
0
*
Rutland pref ., (Bost) 1 0 0 115 117
Hestonv
MA F con 5s.’24
Torrington44A,,(Bost) 25
29
n s*
Conv’rtlbl©5sl9O0MAN 1 0 i% i o s * HA B Top con 5a. '25 A fcQ
United N J..... (Phil)lOO 2 8 8 * ,. ••
44
25 28
Pref,..... .
Central Ry 0 h.. .1912 JAJ
UnPowA Trans “
25 4 9 *
85*
, e. » Indianapolis Ry 4s.. 1933
Un Cop L AM’g 44 35
1*
8*
Consol 5s.,., 1932 MAN 118
Lehigh Nav 4*a. .’14 Q-J 112 *
West End pref. (Bost) 50 1 1 4 115
UnBILAPowpf (Balt) 50 8 5 * 80
RR 4a g,..... ,1914 Q-F
West Jer A SB.(Phil) GO 70
United Fruit (Bost) .100 8 3 * 8 8 % Ext A Imp 5S.1932MA8 117 »c
Gen M 4*sg.. 1924 Q-F no . I •» . 3
WestNYAPa. 44 50 m o
US Mining..,, 44 25 17* 17* Chas City RylBt 5s ’23JAJ 105
Chas Ry G A El 5s ’90 MAS 90% 91
Leh V C’l 1st 5s g.’SS JAJ 1 0 9 * 1 1 0
Wis Cent, new.(Bost) 100 o h o »•«» Utah Mining.. 14 4*85 2 3 * 24
CharlCAA ext5s. 1909JAJ 118
Warwick I AS. (Phil) 10
Leh Val ext 4s.. 1948 JAD 118
Pref............ 44 100
2d 7s 1910
.AAO .»♦ . • «%9OVt
5
2d 7s.,........ 1910 MAS J24*
Weatm rel Coal “
50
W ot Nash A R. 44 100
5%
CityASub 1st 5s.l922JAD
2
Consol 0s..... 1923 JAD 124
110*
MISCELLANEOUS.
Winona Mining (Bost) 25
1*
©0
CityASub(Wash)
lst5s’48
5
0
*
Ailouex Mlning(Bost) 25
Annuity 0s...........JAD
25
8*
51*
8 * Wolverine Min. 44
Col AGrnvlst5-0.1917 JAJ 1 2 1
Amer. Cement. (Phil) 10
Benda—Bostcm,
Nat Asphalt 5s. 1951.JAJ 13* 1 4 *
5* ,..
Am Gold Dredg(Bost) 10
2*9 Am Beil Tel 4s..1908 JAJ 3 . . . . . 99 * Oonooi Gas 0s. .1910 JAD 113 ••8t• . New’k Con Gas 5s ’48 JAD 1 0 5 * 100 *
5s............. ,,1930 JAD n o •, *, , Newark Pass con 5s. 1930
Amer. LAS. . (Phil) 50
5* 6* A TA8 Fgeng 4s.’95 AAO U 0 2
Ga AAia 1stpf 5s 1045AAO
Adjustment g 4s.. 1995 \ 9 8 * 04
AmPneumServ(Bost) 50
103*
NYPhilANorlst4s ’89J AJ
4* 5
h
i
s
m * GaCarAN1at5s g. 1929JAJ u i * i n *
Boston Term’l 3 *s. .1947
Pref.............. 44 50
Income 4s... 1939 MAN 84
29
80
1
S«<*
GeorgiaPlst5-6s
1922JAJ
Aroadlan........ 44 25
i
86
..*•••
i°'?% No Penn 1st 4s..’30 MAN
4 * 6 Boo Un Gas let 5s.’39 JAJ
Ga8 oAFla 1st 5s. 1945JAJ 115
61
Arnold Mining. 44 25
2d M5s........ 1939 JAJ \ 58
Gen M7s.......1903 JA^ i 03*
* 201 Bur
G-B-8 Brewing 3-4s 1951. 5«% 58
Atlantic Min’g. 44 25 25
AMo R1v ex’pt 0s. JAJ §130
Penn gen 0s r.,.1910 Var
Income,,,........... ..
laj. 43
Baltlo Mining.. 44 25 4 1 * 42
Non-exempt 0s.’18 JAJ r ,M“
Consol 6 sC.,,, 1905 Var 108
KnoxvTrao IstSs ’28A&0 9 « *
Beth Steel..... (PhU) 50
Sink fund 4s..1010 JAJ
Consol 5s r.... 1919 Var 123
1
2
0
^
Lake
R
El
lstgu5s’42MA8
1
89
Cent Vt 1st 4s 1930.,Q-F
Boston Elec Lt.(Bost) 100
Penn A Md Steel con 0s. .. •«• •jin'.
80H
Cambria Iron. .(Phil) 50 4 7 *
Oh Bur A Q 4 i. 1922 FAA §1 0 0 * HI v Met.StfWash) 1at, 5«’25F a 1.18
Pa A N Y Can 7s..’O0 JAD
MtVernon CotDuok let 5s 83% 84
Iowa DIt 4s. 1919 AAO
Camb SDrexel rect 44 .... •». •
Cons 5s.,...,19S9 AAO n o *
Income..... .......... ...... 40
Canton Co.......(Balt) 100 90
Chicago Juno 5s.l915 JAJ § 1 0 0 iio
Cons 4s.......1039 AAO 9 6 *
98
49*
New ori Gas 1st 5»...Var
7
Oh A No M gu 5s.’81 MAN §109 n o
Central Oil..... (Bost) 25
Penn Steel lst5s.’17 MAN
no
105
*109
ConMercurgoid 44
5
Ohi A WMgen 5s.’21 JAD
NewpNA0Plst5s’38MAN
100
People’s Tr tr certs 4®.’ 4 3 100 . I••9»
1%
Dumb Tel A Tel 44 100
Norfolk St 1st 5s ’44.JAJ 1 1 1
125
Curr’t Rlv 1st 5u.’27 AAO t, 104
Phlla Bleo gold trust ctfs 9 8 * ♦ «*?!•<
Daly-West Min “
20
NorthCent 4%g. 1925AAO 114
D GR A W 1st 4s.’40 AAO { 1 0 0 108
23
Trust oertfs i s . •••,,.., 0 1 * »•cootDanv Bessemer (Phil) 1*
6 s 1904...............,JAJ 105
Domin Coal lst0s.’18MA8 § 1 1 0
PhABr gen M5«„’30 AAO 1 2 2
%
*
DeLong H <fc K 44 10 .»««•*
Series A 5s 1926... .JAJ 1 2 1
'iast’n rstM 6 s g.’O0 MAS § 1 1 0 113
Gen M 4s g.,1920 AAO IQb*
Dlazn Btate 8t.. 44 10
Series B 5s 1926..,.JAJ 1 2 1 ilHII Ph A Read 2d 5a.’88 AAO 182
Fr ElkAMV 1st 6 s ’83 end {187 •••»
1* •. ••
Pret.
44
{135
Pitt
Un
Trac
5».1997
JAJ
•
>
«
0
.
«
Unst’p’d 1st 0h.’33 AAO
4*
Consol M 7a.. 1911 JAD 127
115%
DomIn Goal pf. (Bost) 100 117 118
Illln Steel oonv 5s.’10 JAJ § 1 0 0 * .» * , , PotomVal 1st 5s J 94 i JAJ 117% 118
Con M 0s g... 1011 JAD 121 *
Doro ircm B.4!) 44 __ 86 * 80
Debenture 6 s. 1918 AAO <>108 ». , I < SeoAvTn(Pitts)5s’34JAD 118% U9
Ext I mp M4s g.’47 AAO 109
•HI)
Keeton Con JEL(PhU) 50 19*
8 av Fla A West So ’34AAO .,115
ECCASlst5sg.’25 AAO § 104
Con Mof ’82 is.*8 ?
HM
«)
Edison El 111^..(Bost) 100 254 256
Seaboard A L 4s 1950,.,. 84% 85
K OFt SAG 1st 7s.’08 JAD §114
>* •••
Terminal 5s g,1941 Q-F iii H
Klee Goof Ami] (PhU) 60
125*
Beab
A
Roan
5s.
1926
JAJ
1
1
2
0
EOF SAMoon 0s.’28MAN $ 185
P Wil A Balt 4s. 1017 AAO
Franklin Minrg.(Rost) 26 14* 16
00
So.Bound lBt 5g *41.AAO U I * 1 1 1 %
KOM A Blst4s..’84 MAS § 98
Oollat trust 4s. 1021 JAJ 108* o«•
General Elect.. 44 1 0 0 287 280
94
00
UnElLAPlst4*s’29MAN 8 8 * 84
Income 5s.,
Read Co gen 4s, 1997 JAJ 9 9 * 9 9 *
Pref................ 44100
K CAMRyAB 5s.’29 AAO §107
Un Ry A El lst4s’40.MAS 9 7 * B7« Rochester Ryoon 5s. 1080
Income 4s 1949,.,,JAD 70% 70% SobKBSldelst5* g’85J AI * 111* 1 1 2
K OBt Jo AOB 7s.’07 JAJ §116
1 6 * 16
§105
Vlrg Mid 1st 0W.19O0 MAS 1 1 0
8
L RookAF Blst7s.’05 JAJ
Scran Trac 1st 6 s ’S2MAN
3d series 6 s.. 1911 MAS 1 1 0
Mar H A Ont0s...’25 AAO 1118
UnTraoPlttsgen5s’97JAJ 110
Intap<fcI>ynam(PhU) 60
83
Mex Cent 4s g.. 1011 JAJ § 82
8 d series 0s.. 1910 MAS 1 2 0
Welsbaoh s f 5s 1080 .JAD 08
Idly Royals!]..(Bost) 26 22
33
22*
81
1 st con Die 8 s g non-cam
4th ser 3-4-5S.1921MAS 1 1 2
lAnd interest.
>»*«»
Manafao Rub..(Phil) 60
21
28
2 d con Inc 8 s non-cam..
5th series 5s. 1926 MAS 117% 118*
♦ Price Includes overdue compo
mm

*2 0 2
♦ 101*

303

••* I Vf<

HIM)

<». •»

•H I M

THE CHRONICLE

420

[VOL. LXXIV

ami Railroad %uUUiQmu.
R AILRO AD

EARNINGS.

T h e f o l lo w in g t a b l e allow a th e g r o s s e a r n i n g s o f e v e r y S t e a m r a il r o a d f r o m w h i c h r e g u la r w e e k l y o r m o n t h l y r e t u r n s
be o b ta in e d .
T h e tir s t t w o c o l u m n s o f f i g u r e s g i v e t h e g r o s s e a r n i n g s f o r t h e la t e s t w e e k o r m o n t h , a n d th e la s t t w o
d u m n a t h e e a r n i n g s f o r t h e p e r t d f r o m J u l y 1 t o a n d i n c l u d i n g s u c h la t e s t w e e k o r m o n t h .

The returns of the street railwc is are brought together s e p a r a te ly on a subsequent p a g e .
N o t ic e

d t a a n jje — O ur year!

t o t a ls n o w a ll d a t e f r o m

Cross Aarninya
w o AXIS

Week

•Month

I'urrenl

Tear

P rev io u s

Year

1.

J uly 1 to Latest Date

Current
Year

Latest Cross L a m in g s

ROADS

IT evious
Year

$
S
107,482
100,163
16,390
14,727
A d iron d a ck ......... D ecem ber
45,920 1,567,576 1,396,140
51,762
A la (It Southern 2d wk Feb.
A la N O & le x a t Pao J uno.
67.000 1,183,557 1,155,135
73.000
N O A N o East- 4th w k Jau
559,550
627,536
37.000
41.000
A la A V loksb'g till wk Jan
35.000
541,542
41.000
619.112
Vloksb Sh A P. Xthw k Jan
29,941 1,177,468 1,091,759
31.005
A nn A r b o r ........... 2d w k Feb.
43,100
32,455
5,778
5,137
A nn Wash A Bal. D ecem ber.
A toll T op A S Fe D ecem ber. 5,328,953 4,756,629 30,876,256 i6,946,010
258,480 249,353 1,254,017 1,208,529
A tlan ta A C har.. N ovem ber
366,651
37,00',
58,203
282,459
A tl K n ox v A N o. J a n u a ry ...
73,370
40,502
7,706
12,740
A tla n tic A Birin J a n u a ry ...
A tl C oast L in e ... D ecem ber. 644,550 631,811 3,769,383 3,636,016
109,389
18,985
131,058
21,198
A tl V ald A W est. D ecem ber.
54,941
48,400
7,646
8,077
B a lt A A nn 8 t . . D ecem ber.
B alt A O h io— ) J a n u a ry ... 4,266,781 3,997,226 30,220,356 27,553,604
B A O S ou th w . (
815,020
706,545
121,929 110,458
B angor A A roost D ecem ber.
19,576
23,951
5,997
5,043
Bath A Hainm on N ovem ber
17,772
14,828
B ella Zaues A Cln Novem ber
34,422
23,952
3,971
4,915
B ellefon te C ent’J J a n u a ry ...
2,644
22,954
21,937
2,651
B rld g t A Saco B. D ecem ber.
2,342
1,832
B u ll A ttica A A rc D ecem ber.
78,415 100,827 3,981,182 3,600,928
Bull B ooh A Pitts 2 d w k Feb.
63,932
366,931
433,085
69,030
B uffalo A S u s q ... D ecem ber.
B url C R ap A No J a n u a ry ... 447.640 426,007 3,330,532 3,036,594
526,000 435,000 23,594,551 19,263,059
Canadian Pacific 2 d w k Feb
168,430 158,450 5,157,104 4,636,757
Oent’l o f G eorgia 2 d w k Feb
309,434
317,763
65,545
48,926
C ent’I N e w E n g .. D ecem ber
C ent’ l o fN J ersey N ovem ber 1,513,017 1,380,267 7,480,106 6,537,935
Central P aoifio.. N ovem ber 1,724,443 1,627,697 9,400,035 8,876,461
61,562
56,184
1,486
1,228
C hattan South’n . 1 st w k F e b
Ohesap A O h io ... 2 d w k Feb. 303.782 281,548 10,392,710 9,748,261
Ohio A A lton R y . D ecem ber. 761,092 766,488 4,903.424 4,738,590
Chic Burl A Quin D ecem ber. 4,256,924 4,110,375 28,480,587 26,465,417
Chio A E Illin ois . 2 d w li Feb. 120,861 113,124 3,954,225 3,607,657
133,900 126,649 4,859,561 4,386,347
Ohio G t W estern. 2d w k F eb
68,643 2,828,932 2,559,244
68,857
Chlo In d A L ’ v . . . 2d.wk Feb
Ohio H ilw A 8 t P ■ttiiwkDec 1,353,377 1,247,299 24,386,248 22,393,254
Chic A N orth W’n Decem ber. 3,618,773 3,293,034 24,671,002 22,472,487
854.850
822,968
124,492 113,507
Chlo P eo A S t L . . J a n u a ry ...
Chlo R I A P a o ... D ooem ber. 2,291,205 2,194,951 16,215,751 14,307,474
889,752
6,371,906
5,840,278
Chlo St P M A O . D ecem ber. 980,259
25,234
879,150
986.796
30,714
Chio T erm T r RR 2d w k Feb.
2,627,801
”
69,737
3,729,012
*87,320
h oo O kl A G ulf. 1 st w k F e b
94,837 3,408,937 3,063,004
97,586
I n N O A T Pao. 2 d w k Feb.
C lO ln C h A St L. 2 d w k Feb. 292,054 319,608 12,009,771 11,262,606
52,574 1,605,960 1,530,458
39,292
P eoria A E ast’n 2 d w k Feb.
194,003 143,593 1,542,222 1,162,839
C lev L o r A Wheel J a n u a ry ...
88,793 3,443,212 3,030,156
99.000
C olorado A South 2 d w k F eb
86,591
86,938
16,121
14,568
C o lN e w b A Lau. D ecem ber.
771,309
650,898
17,899
21.006
C ol Sand A H ock 2 d w k Feb.
18.034
185,784
123,860
22,915
C orn w all A L e b .. D ecem ber.
518,967
4 74,560
90,231
95,823
C um berl d Valley N ovem ber
D en v er A R io Gr 2 d w k Feb. 177,800 183,400 7,604,462 7,295,038
753,416
36,479
37,752
697,226
D etroit Southern. 4 th w k J an
393,252
395,962
59,042
61,942
D e t A M ack in ac. D ecem ber.
44,572
38,438 1,617,170 1,506,386
D u lS o 8 h A A t l.. 1st w k Feb
99,894
12,695
87,575
15,053
E 8 t L A C arond. J a n u a ry ...
E r ie ........................ D ecem ber. 3,105,172 3,187,896 21,322.545 19,333,938
5.712
212,088
2 12,324
5,629
E van av A Indian 2 d w k Feb.
923,852
27,684
910,758
23,619
E v a n sv A T H . . . 2 d w k Feb.
36,217
5,560
33,210
6,191
F a n n v & P ow h at D eoem bei.
F t W & D en v City D ecem ber. 207,394 182,134 1,142,568 1,078,697
9 40,940
G eorgia R R ......... D ecem ber. 181.783 163,807 1,018,644
743,538
724,497
110,306 111,464
G a South A F la .. J a n u a r y .
185,376
191,632
35,598
32,489
G ila V a l G & N .. D ecem ber.
469,073 476,035 18,452.395 17,734,206
G r T run k System 2 d w k Feb,
72,658 2,438,753 2,365,819
89,122
G r T r A W est’n 3d wk Jan.
629,412
695,244
23,145
30,893
D e t G r H A M .. 3d w k Jan.
G reat N orth’ll—
St P M inn A M . January... 2,178,996 1,549,422 18,776,192 13,957,278
E ast’n o f M inn. January... 227,952 203,213 3,333.129 2,477,766
9 85,734 1,253,174
M on tan a C ent’l January... 128,192 175,314
T o ta l system . January... 2,535.140 1,927,949 23,095,055 17,688,218
66,874
83,568 3,213,895 2,981,163
H ook in g V a lle y .. 2dwk Feb.
499,405 635,053 2,426,772 2,520,289
H ou s A T e x Cent November
Illin ois C en tral.. January... 3,394,666 3,220,473 24,029,695 21,677,173
81,340
68,303
10.650
8,318
Illin ois Southern January,
400,392
562.796
147,090 108,943
In d HI A I o w a ... OotoDer.
89,344 3,215,695 3,254,846
85,807
In t A G t N orth ’n 2dwk Feb.
85,200 2,304,670 2,375,670
81.500
In teroo ( M e x ) .... WkFeb 1
51,092 1,613,759 1,486,771
50,102
Io w a C e n t r a l..., 2dwk Feb
4.712
46,731
31,198
7,125
Iron R a ilw a y ___ January...
564,209
677,720
15,455
15,919
K an aw ha A Mlob 2dwk Feb.
K a n C ity South’n December. 479,517 427,843 2,631,253 2,274,860
223,261
32,542
263,468
4 0.034
L ehigh A H udson January,
L ehigh V a l R R .. December. 1,937,400 2,206,440
L eh Val C oal C o. Deoember 2,041,661 2,025,286
30,322
197,164
170,189
L e x in g A E ast’n . December.
2 8 .6 9 o
L o n g l s l a n d ___ Deoember.
Inc. 39 2,841
Inc. 26 ,915
392,239
411,019
53,143
53,417
L o u H en A S t L . . January...
L ou lsv a N aehv. 2dwk Feb. 598.640 566,065 19,001,167 17,473,398
M acon A B ir in ... January..
66,981
11,614
76,483
12,023
Mania A N o E ast November
23,362
23,720
January...
M a n istiq u e..
45,915
9.167
7,381
43,796
M arylan d A Penn November
20,415
21,718
(M ex ican C entral 2dwk Feb. 375,659 331,922 10,979,323 10,382,006
M ex ican In tern ’l December. 547,038 474,832 3,030,687 2,706,952
IM exlcan N at’l . . 2dwk Feb. 150.782 141,907 4.660,583 4,578,895
{M exican R y ....... WkFeb
92,800
92,300 2,610,000 2,535,200
M ex ica n South’n 4th wk Jan
450,612
27,730
23,852
483,683

S

J u ly

Week
or M onth

Current
Year

J u ly l to Latest Date

Previous
Year

S

Current
Year

Previous
Year

$

Mlllen A So’w’n. D eoem ber.
4,307
3,848
302,735
Mineral Range.. Decem ber.
41,395
42,247
315,525
Miuneap A 8t L. 2d wk Feb.
60,933 2,216,114 2,039,470
51,055
68,860 3,947,017 2,752,184
M 8t P A 8 St M. 2d wk Feb. 103,744
Mo Kan A Texas 2 d w k Feb 208,915 290,953 10,775,007 9,918,365
Mo Pac A Iron Mi 2d wk Feb 507.000 556.000 23,105,104 10,975,189
816,700
17,000
14,000
Central Branch id wk Feb
855,593
Total............ 2d wk Feb 521.000 573.000 24,052,610 21,800,870
101,072
3,100
3,475
Mob Jack A K 0. WkFeb. 15
86,874
Mobile A Okio..f J a n u a ry ... 567.000 599,300 3,690,700 3,725,976
Mont A Mex Gull N ovem ber 115,389 102,408
603,210
571,892
Nash Oh A Ht La. J a n u a ry ... 700,133 706,109 4,616,164 4,560,385
9,121
8 , 22 .
Nev-Gal-Ore...... J a n u a ry ...
96,657
94,238
4,184
13,899
4.808
Nevada Central.. O o to b e r...
12,483
N Y O A Hud ltlv J a n u a ry ... 5,401,017 5,182,978 43,265,705 39,647,301
N Y Ont A West. Deoem ber. 463,292 450.840 3,092,224 2,551,082
N Y Susq A Wesl Decem ber. 205,125 258,662 1,453,737 1,162,130
Norfolk A West’ll 2 d w k Feb. 309,906 302,040 10,739,377 10,139,483
Northern Central D ecem ber. 643,040 756.840 4,316,254 4,045,554
North’n Paolllo.d 3d w k Jan. 704,419 537,369 24,896,083 19,656,511
Pacillo Coast Co. D eoem ber. 385,004 389,615 2,770,121 2,818,101
Penn—EastPAE. Decern ber 7,721,604 7,816,904 48,383,901 44,754,601
Inc. 4,4 55,900
West P A E .... D ecem ber.
Inc. 27 8,600
Pere Marquette.. 2 d w k Feb. 150,150 137,137 5,944,998 5,365,129
D
ecem
ber.
3,804,980
516,283
496,049
Phtla A Erie......
3,190,126
PhilaW ilm&B.. D eoem ber. 953,803 996,603 6,074,338 5,934,938
18,609
3,806
Pine Blf. A Ark.R. D ooem ber.
3.238
14,678
Pittsb C C A St L D eoem ber. 1,779,097 1,721,240 10,933,298 9,629,161
Pittsb A West’n. D eoem ber. 177,853 179,797 1,278,792 1.120,250
799,850
Pittsb Cl A Tol D ecem ber 109,190 100,829
612,750
238,944
30,873
18,741
Pittsb Pa A F.. D eoem ber
271,631
Total system... 4th w k Jan 103,782
93,306 2,572,971 2,266,701
Plant System— 1
Ala Midland.
Bruns A W’n. i
Chas A Sav... Deoember. 823,350 761,104 4,018,274 3,808,233
8av Fla A W.
SilS Oo AG..
Reading Co.—
Phil A Read__ December. 2,438,434 2,552,424 15,271 ,419 13,976,601
Coal A Ir Co.... Deoember, 2,483,857 3,096,053 15,305 ,238 13,922,397
Tot both Co’s.. Deoember. 4,922,291 5,648,477 30,576 ,657 27,898,998
519 ,615
90,622
87,860
Rich Fr’ksb A P . December,
479,961
275 ,160
52,229
274,422
53,093
Rio Grande Jet.. November
2dwk
Feb.
,541
368
8,858
9,448
356,478
Rio Grande So...
Xthwk
Jan
127,900 120,100 3,195 ,600 2,891,000
Rio GFde West..
1,132
December.
,818
Rutland.............
835 ,819
89,179 108,034
St Jos AGr I...... January..
817,675
4,718
5,267
St Lawren A Adir 3d wk J an.
January...
106,150
11,170
20,786
81',997
St L Ken’et A So.
7,032
124,725
20,507
St L A N Ark...... Deoember
48,388
13,785,982
2
dwk
Feb.
341,110
376,559
12,026,258
St L A San Franp
St L Southwest.. 2dwk Feb. 134,070 154,778 4,749,494 4,849,790
St L Van A T H .. January... 173,822 162.244 1,257,686 1,167,996
San Ant A A P... Decemoer. 223,526 268,999 1,407,858 1,475,226
62,946
704,279
631,541
75,659
San Fran A N P .. J a n u a ry ...
San Pedro LosAn9,418
18,000
eles A Salt L. November
19,568
448,936
19,743
419,379
e Pres APh... 2d wk Dec
Sav Fla A West.. December /8 2 3 ,3 5 0 Z’761,104 04,018.274 (3,8 0 8 ,2 3 3
Seaboard Air L.. 1st wk Feb 245,581 263,252 6,805,049 6.435,680
23,740
159,926
165,295
23,886
So C A G aE xt... January...
51,387
3,416
46,879
4.628
So Haven A East. January...
34,837
227,468
365,170
47,797
Southern In d __ January...
15,783
121,259
22.283
104,393
So Miss A Ark ... December.
So Paoiflc Co b ... December. 7,356,403 6,718,614 43,678,137 38,849,408
Cent Pacific__ November 1,724,443 1,627,697 9,400,035 8,876,461
Gal Har A SA . November 698,041 612,433 3,112,731 2,747,891
53,223
44,501
Gal Hous A No November
17,694
51,037
59,581
13,773
GulfW. T. A P. Ootober...
344,367
87,302
402,278
Hous. E. AWT. November 102,126
November
74,828
19,043
96,538
24,256
Hous. A Shrev.
Hous ATex Cen November 499,405 635,053 2,426,772 2,520.289
660.952
146,200
782,793
November
176,757
Louis’a West..
Morgan’s L A T November 854,220 823,591 3,641,988 3,279,282
November
119,807
29,110
168,165
36,369
N Y l& M e x ..
Tex A N Orl__ November 257,650 226,946 1,239,345 1,044,383
So Pao of C al. November 1,808,872 1,512,246 9,103,203 7,784,139
So Pao of Ariz November 442,661 358,059 1,830,783 1,504,469
808,861
So Pao of N M November 240,001 181,862 1,064,938
Southern Rallw’y 2dwk Feb. 743,686 728.244 23,685,077 22,585,928
951,296
Terre H A In d ... January... 148,685 124,365 1,003,194
345,842
324,359
42,973
43,682
Terre H A Peor.. January...
457,412
16,121
412,683
9,849
Texas Central ... 1 si wk Feb
Texas A Pacific.. 2d wk Feb 209,793 214,919 7,638,877 7.1S4.254
85,500
99,300
12,000
12.500
TexS V AN W .. j anuary...
40,728 1,799,297 1,589.078
44,706
Tol A Ohio Cent. 2d wk Feb.
743,667
739,017
19,820)
18,778
Tol P A W est__ 2dwk Feb
50,478 1,616,167 1,402,288
42,625
Tol St L A W...... 2dwk Feb.
235.71S
298,408
7,405
7,614
Tor Ham & Buff. 1st wk Feb
Union Pac R R .
Oreg RR A N December. 3,896,226 3,622,475 25,445,085 23,533,407
Oreg Sh Line.
Wabash.......... 2dwk Feb 332,304 302.245 12,254.275 11,244,150
W Jersey A Sea'e December. 213,074 214,374 2,186,006 2.089.806
286.340
309,588
95,338
W V Cen A P itt.. September 102,167
Wheel A L E ...... J anuary... 266,744 235,021 2,055,349 1,782,267
7,648
6.629
Wiehita Valley... Deoember
83.073 3,656,202 3,318.586
92,000
Wisconsin Cent.. 2dwk Feb.
89,820
75,069
15,828
14,116
Wrightsv A T’n.. Deoember,
Yazoo A Miss V.. January... 609,689 646,101 4,020.727 3,832,823

f

§ Covers results on lines directly operated east of Pittsburg.
* Figures from Deoember 1 are for the railroad only. I Mexican curve in n .
a Includes Paducah A Memphis Division from July 1 In both years.
b Includes the Houston A Texas Central and Its subsidiary Hues. Earnings ol the Cromwell Steamship Line, not previously reported, are
now also lnoluded.
t Results on Montgomery Division are Included in both years.
</Includes St. Paul A Duluth for hoth >ears
t Includes results o n Sher. Shrev. A Southern, Mo. Midlaud and San Antonio extension for this year, but not for last >our.
< rheso n ^are*
are the results on the Ala. Midland, Brunswick A Western, Charleston A Savannah, Savannah Fla. A West’n and Silver Springs Ocala a Gulf.

g

These figures tnolude, besides the St. Louis A San Frunoisoo propor, the Kan. City Ft. Scott A Mem.system and Ft. Worth A Rio Grande.

THE CHRONICLE

February 22, 1902.]

Net Earnings Monthly to Latest Gates.—The following

Totals for Flscul Year.
L atest ( fr o s t E a r n in g s .
P e r io d .

R oads.

A tlanta A Charlotte A ir L in e.
B elief on te C en tral....................
B urlington C edar R ap. A No.
Central o f N ew J ersey............
C hicago A N orth -W estern ....
C hicago R ook Island A P a o ..
Ohio. Bt. P . Minn. A O m ah a..
C hoctaw O klahom a A G u lf..
Cum berland V a lle y ...............
E ast 8t. L ouis A O arondelet.
Ft. W orth A D en ver C ity .......
In tern ation al A G t. N orth ’ n .
Lehigh V alley R R .....................
Lehigh V a liev C oa l.............—
M anistee A N orth E a s te r n ...
Manistlque..................................
M exican C en tral.......................
M exican In tern a tion a l...........
M exican N ation al....................
M exican R a ilw a y .....................
M exican S ou th ern ....................
M issouri P a cific.........................
C entral B ranoh......................
T o ta l......................................
M onterey A M ex ican G u lf....
N orthern C entral......................
P enn sylvania, E ast o f P. A E.
W est o f P. A E ..................
Pere M arqu ette......................
P hiladelphia A E rie .............
Phlla. W llm’g ’n A B altim ore.
Pitts. Clnoln. Chlo. A St. L . ..
R io G rande J u n c tio n ..............
St. L . V an d al!a A T erre H ....
South H aven A E astern .........
South.' M issouri A A rkansas..
Terre H au te A In d ian apolis..
Terre H au te A P e o ria .........
T exas A P a oiflo.....................
W est J ersey A S eashore—

Apr.

Jan.
Jan.
Jan.
June
Apr.
Jan.
Nov.
Jan.
Jan.
Jan.
Jan.
Deo.
Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Apr.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
N ov.
Jan.
Deo.
Nov.
Jan.
Jan.
N ov.
N ov.
Jan.
Jan.

C u rren t
Y ear.

to Nov.
I to Jan.
I to Jan.
1 to Nov.
1 to Deo.
1 to Dec.
1 to Deo.
1 to Feb.
1 to Nov.
1 to Jan.
l t o Deo.
1 to Feb.
1 to Deo.
1 to Deo.
1 to N ov.
1 to Jan.
1 to Feb.
1 to Deo.
1 to Feb.
l t o Feb.
1 to Jan.
1 to Feb.
1 to Feb.
1 to Feb.
1 to N ov.
1 to D ec.
1 to D ec.
1 to D ec.
1 to Feb.
1 to D ec.
1 to D ec.
1 to D ec.
1 to N ov.
1 to Jan.
1 to Jan.
1 to D ec.
1 to Jan.
1 to Jan.
1 to Feb.
1 to Deo.
1

1,800 309
4,915
447,640
1(1,573,724
28,584,103
22,540,011
11,196,401
1,608,152
1,014,874
15,053
2,163 400
584.622
1 937,400
2,041,661
313,339
9.167
2,352,136
5,960,824
954,150
447 900
712 188
3,847,164
95,700
3,942 864
SO 1,278,109
31 8,267,048
31 93,214,612
Ino. 5.4
31
14 1,007,490
31 6,789,697
31 1,944,362
31 20,684 214
575,350
30
514,754
3'
4,628
81
226.735
31
419,850
31
141,211
31
14 1 467,109
3,678
658
31

50
31
31
30
81
81
31
8
80
31
31
14
31
31
30
51
14
31
14
1
31
14
14
14

P r e v io u s
Y ea r.

1,721.868
3,971
426,007
13,927,526
26,160,659
19,864,753
10,341,998
1 ,2 5 5 0 7 3
941,466
12,695
1,807,090
631,291
2,206,440
2,025,286
301,428
7,381
2.138,104
5,378,977
880,963
4 06,200
684,398
3,932,189
132,593
4,064,782
1,269,594
7.845,548
85,575,912
31,700
912,862
5.824,635
1,961,062
19 012,677
558,679
480 389
3,416
185 542
391.341
140,015
1 4^2,105
3,490.458

Latest Gross Earnings by Weeks.—In the table which
follows we sum up separately the earnings for the latest
week. The table covers the second week of February and
shows 2'5l per cent increase in the aggregate over the same
week last year.
_______.
2 d week o f February.

1902.
51,762
31,095
78,415
526,000
168,450
303,782
120,861
133,900
68,857
30,714
97,586
292,054
39,292
99,000
21,006
177.800
5,629
23.619

$
45,520
29,944
100,827
435.000
158.450
281,548
113,124
126,649
68,64?
25.234
94,837
319,608
52,574
88.793
17,899
183,400
5,712
27,684

469,073

476,03

66,874
85,807
50,102
15,919
598,640
375,659
150.782
5 1 .0 )5
103,744
268,915
507.000
14,000
3,475
309,906
150.150
9,448
376,559
134,070
743,686
209,793
44,706
18,778
42,625
332,304
92,000

83 568
89,344
51,092
15,455
566,06
331,972
141,907
60 933
68,860
290,9 3
556,000
17,000
3,100
302 040,
137,137
8.858
341,110
154,778
728.244
214,919
40,728
19.820
50,471302,245
83,073

7,494,89 2

7,311,510

8

A la bam a Gt. S ou th ern ..
A n n A r b o r ....................
Buffalo Rooh. & P lttsb ’g.
C anadian P a oiflo ----------Chesapeake & O h io .........
C hicago A East. Illin o is .
C hicago Great W estern
Chlo. In dlan ’lis A Loulsv
Chic. Term . T ra n sfer___
Cln. N. O. A T exas P ac.
Clev. Cin. Chic. A 8 t. L ..
C olorado A S ou th ern..
Col. Sandusky A B o o k ’ g
D enver A R io Grande .
E van sv. & Indianapolis.
E va n sv. A Terre H aute
G rand T ru n k ................ 1
G rand Trunk W e s t.. >
D et.G d. H av. & M ilw. 3
H ooking V a lley ................
Int. & G reat N orthern ..
K anaw ha A M loh lgan ..
L ou isville A N ash ville..
Ml rin. A St. L o u is___
Minn. 8 t. P. A 8 - 8 te. M
Mo. Kansas A T e x a s ___
M o. P acific A Iron M t... .
C entral Branoh ...
M ob. Jackson A K. City..
N orfolk A W estern ___
R io G rande S on rh ern ...
St. Louis A San F ra n ___
Bt. L ouis B ootbw esteri ..
Southern R a ilw a y _____
T exas A Pacific .......
T oled o A Ohio C en tral..
T oled o P eoria A W est’ n
TfiL Ht. L.
WfiHt
W isconsin C entral.........
T otal (46 roads)............
N et in crease (2 “•1 p. o )

1901,

Increase.
$

5,842
1,151
. .....
91,000

Decrease.
$
22,412

1 0 ,0 0 0

22.234
7.737
7,251
214
5.480
2,749
........
10,207
3,107

........
.. .. ...
27,554
13,282
5,600
83
4,065
6,962
16,694
3,537
990

464
32,575
43,737
8,875
34,884
... . . .
375
7,866
13,013
590
35,449
i 5,442

9,878
___
22,038
49,000
3,000
. . . . --- .-20,708
5,126

3,978

1,042
7,853

30,059
8,927

........

403.206
183.382

219,824
...........

For the first week of February our final statement covers
52 roads, and shows 2*19 per cent increase in the aggregate
over the same week last year.
1 si week o f February

1902.
%

1901.

9

P revlon sly rep’ d <43r’d»)
A » i -a iiia i*i,. Montuen,
C hattan ooga Southern..
Choc. Okla. A G u lf..........
Cln. N. O. A T exas P ac.
Duluth Ho. Shore A A t l..
Mob. Jackson A K. C ity ..
Seaboard A ir L in e_____
Texan C entral....................
T o ron to H am . a B uffalo.

7,000,791
4 7 ,9 )4
1,228
87,320
05,699
44,572
3,084
24 ">,581
9,849
7,614

7,177,089
46,343
1,486
69,737
89,882
38,438
2.644
268,252
16,121
7,405

T otal (52 roa d s)............
Wet in crease (2-19 p . o i

7,543,652
...........

7,712,897

421

In c r e a s e .

*
171,790
1,571
17,583
5,817
6,184
440

D ecrea se.

*
348,088
258

17,671
6,272
209
203,544

.... ....

872,289
168,745

shows the gross and net oarningB to latest dates of all S team

railroads furnishing monthly statements. The compilation
Includes every road from which we can get returns of this
character, and in that form is given once a month. Early re­
turns are published from week to week, as soon as issued, but
for the convenience of our readers all the roads making re­
turns are brought together here in the week in which we pub.
lish our monthly article on net earnings— say about the 20th
of the month. Besides the companies furnishing monthly
returns, we have added this time the roads which make
quarterly returns.
The returns o f the street railways we give by themselves
under g separate head at the extreme end o f thesetabulations
—see page J^23.

---G ross

E a r n in g s . --C u rren t
P r e v io u s
Y ea r.
Fe a r .

. .--- N et M a r n x n o n --- .
C u rren t
Y ear,

R oad s.
8
18
8
A d ir o n d a c k .* ...........Dec.
14,727
16,390
947
July l t o D ec. 3 1 . . . .
107,432
1 0 0 ,1 6 3
31,261
A labam a G t. Bo’ th .a D e c.
213,879
204,008
73,027
Ju ly 1 to Deo. 3 1___ 1,253,928 1,097,866
378,234
A n n ’ p. W’sh. A B a l.a D ec.
5,137
5,778
414
32,455
Ju ly 1 to Dec. 3 1 . . . .
43,400
16,416
i n n A rb o r, b ..........D ec
162,215
169,679
38,357
9 63,387
8 8 4,946
Ju ly 1 to D ec. 31 —
296,241
it c h .T . A 8 . F e .b . D ec. 5,328 .9 5 3 4 ,7 5 6 ,6 2 9 12,811,395
July l to D ec. 3 1 . . . 3 0 ,8 7 6 ,2 5 6 2 6 ,9 4 6,616 U 3 4 7 2 6 4 1
A tl. K n o x . A N o .a .D e o .
45,798
40,382
18,374
Ju ly 1 to D ec. 3 1 . . . .
303,388
2 4 5,457
122,856
A tla n tic A B irm ’gh.Jan.
12,740
7,766
6,384
Ju ly 1 to Jan. 3 1 —
7 3 ,3 7 0
40,502
30,974
A tla n tic C oast L .a .D e o .
6 4 4 ,5 5 6
631,811
230,433
July l t o D ec. 3 1 . . . . 3 ,7 6 9 ,3 8 3 3 .6 3 6,016 1,308,221
B altim ore A A nn apolis
a b o rt L in e .a .........D ec.
8,077
7,646
1,128
5 4,941
48,400
July l t o Dec. 3 1 __
17,744
B alt. A O h i o .b ....... Jan.
4 ,266,781 3,997,226 1,560,853
July 1 to Jan. 31 ..3 0 ,2 2 0 ,3 5 6 2 7 ,553,604 11,597,688
8 a n g o r A A r o o s t’ k b D e c.
121,929
110,458
33,408
Ju ly l t o Deo. 3 1 . . . .
8 1 5 ,0 2 0
706,545
309,313
B ath A H a m m ’d s.b N o v .
5,043
5,997
3,107
Ju ly l t o N ov. 3 0 . . . .
19.576
23,951
9,637
B ellalre Z. A C in ...N o v ,
14,828
17,772
3,522
B eliefon teC en tra lb J a n .
4,915
3,971
1,817
B oston A M aine to—
Oct. l t o D ec. 3 1 . . . . 7 ,9 9 9 ,9 3 0 7,878.122 2,163,348
J u ly l t o Deo. 3 1 .. .. 16,680,392 16,241,705 5,033,995
B rid g t. A S a co R.toD ec.
2.651
2,644
d e f .2 0 0
July 1 to D ec. 3 1 . . . .
22 ,9 5 4
21,937
6,978
B u ff.A tt A A rcade. toDee.
1,832
2,342
165
Sufi. R . A P lttb s.to .D e c.
475,041
4 3 9 .9 1 0
177,917
July 1 to D ec. 3 1 . . . . 3,360 ,6 5 2 2,935,538 1,542,485
B uflalo A 8 ’ sq u e h .a D e c.
69 ,0 3 0
63,932
29,937
Ju ly 1 to D ec. 3 1 ___
4 33,085
366,931
199,860
tSurl.Ced R.A N o.a .D eo.
4 6 0 ,8 1 0
4 14,634
169,437
Jan. l t o Dec. 3L . 5 ,238,828 4,848,281 1,730,810
anadian P a c ific .a .D e o . 3 ,4 9 7 ,7 3 3 2,988,911 1,568,691
July l t o D ec. 3 1 ....1 9 ,8 9 7 ,5 5 1 16,285,043 8,230,840
Cent, o f G e o r g ia .a .D e c .
7 5 0 ,9 9 2
634,777
245,724
July l t o D ec. 31 . . . 4 ,057,000 3,654,419 1,287,507
Central N ew E n g .b .D e c.
48,927
65,546
16,650
July l t o Dee. S i . . . .
31 7 ,7 6 3
3 69,434
83,638
den t, o f N. J e rse y .a .N o v . 1,513,047 1.380,267
751,394
Jan. 1 to N ov. 3 0 . . . 15,573,724 13,927,525 0,798,117
e n tra l P a cific.to ...N o v . 1,724,443 1,627,697
630,259
July 1 to N ov. 3 0 . . . . 9,400 ,0 3 5 8,876,461 3,922,595
Ohfettan’ ga S o u th .a D e c.
6,9 3 3
7,359 def.2,533
July l t o D ec. 3 1 . . . .
47 ,6 5 0
52,780 d ef.2 2 ,9 9 6
kasap. A O h io .a ..D e c . 1,253,218 1,327,130
455,217
July 1 to Deo. 3 1 . . . . 8,479,645 7,956,965 3,329,556
C hicago A A lto n .a .J a n .
780,002
748,833
233,441
J u ly l t o Jan. 3 1 . . . . 5,683,426 5.487,423 1,903,450
Ohio. B uri.A Q u in .toD eo. 4,256,924 4,110,375 1,578,593
Ju ly l t o D ec. 3 1 ....2 8 ,4 8 0 ,5 8 7 2 6 ,4 6 5,417 11,330,677
261,757
io. A E ast. 111.b..D ee.
522,396
552,157
July 1 to D ec. 3 1 ___ 3,131,744 2,854,652 1,433.278
134,080
556,666
618.637
h ie . G t. W est’ n .b Dec.
Ju ly 1 to Deo. 3 1 ___ 4,011,936 3 ,604,536 1,196.262
354,497
U h io .In d .A L o u is.a .D e e .
117,661
351,462
2,366,978 2,113,198
Ju ly 1 to D ec. 31
957,178
Oai' m . & Hr. p .a .-D e e . 3,691.254 3.782.933 1,536,429
Ju ly 1 to Deo. 31 .. 24,386,250 22,898,255 9,092,508
M e. R .I .A Pao a d D e o . 2,291,205 2,194,951
594,474
Apr. 1 to D ec. 3 1 ___ 22,540,011 19,864,753 8,004,186
115.882
122,081
h lo .T e r .T r a n s f. b.D ec.
52,768
Ju ly l to D ec. 3 1 . . . .
380,086
715,4 L4
792,998
b o o ta w O k l.A U .b .D e c.
419,031
510,175
167,895
N ov. 1 to Deo. 3 1 ___ 1,068,960
374,503
831,884
(Jin. N. O. A T. P .a .D e o .
4 12,369
429,393
106,695
Ju ly 1 to D ec. 3 1 ___ 2,757,001 2,467.552
721,190
O l.O tn.C hlo.A St.L .aD ec. 1,614,844 1,664,058
433,251
Ju ly 1 to Dec. 3 1 . . . 10,003,605 9,272,550 2,863,812
2 30,662
P e o r ia A E a s t’ n a .D ec.
87,826
228,259
July l to D ec. 3 i . . _ . 1,323,428 1,205,695
365,976
115,992
887,905
O olor’ d o A South. b .D e c .
4 39,224
769,384
July 1 to D ec. 3 L . .. 2,817,211 2,466,321
2,466
16,121
O olum .N ew b.A L .b .D eo.
14,568
July 1 to D ec. 3 1 ___
2 9 ,0 i9
86,938
86,591
9,745
18,034
O orn w ’ ll A L e b 'n .a .D e c .
2 2.915
123,860
90,957
Ju ly 1 to Deo. 3 i ___
185,784
26,098
90,231
C um berland V a l.b .N o v .
95,823
365,839
Jan. 1 to N ov. 3 0 ___ 1,014,874
9 41,466
D elaw are A H 'd so n C o.—
R eim s. A S a ra to g a b —
295,713
060,061
667,080
Oot. 1 to Dec. 3 1 . . . .
937,994
Jan. l to Deo. 3 1 . . . . 2 ,718,854 2,646,774

P r e v io u s
Y ear.
8

5,510
28,482
70,823
340,205
2,373
9,491
76,840
240 ,6 9 6
t2.080.905
U 1011272
13,228
79,779
2,8 2 2
14,368
249,183
1,416,084
2,362
16,778
1,408,759
9,333,590
36,631
273,347
3,999
14,431
1,002
807
2,242 268
5,055,153
151
5,933
d ef.142
166,943
1,215,912
24,807
164,784
59,900
1,250,841
1.438,366
6,579,639
222.635
1,280,651
28,152
93,069
583,192
5 4 0 9 ,7 0 5
606,073
3,832,072
d ef.3,169
def.17,117
532,346
3,277,247
273.178
1,923,490
1,472,305
10,289,087
249,155
1,180,113
159.617
1,169,380
135,841

806,126

1,484,921
8,415,510
634,041
6,808,221
49,372
354,183
20 6 ,7 6 0
394,256
100,214
654,481
531,589
2,824,095
99,589
394,327
11 0 ,9 4 4
661,472
d ef.4,527
23,022
7,851
4 8 ,8 6 7
30,958
389,886
3 0 9 ,1 2 9
938,458

4

*>>)

I HE CHRONICLE

M **
■— th otu
C u rren t

Hoad,*.

Fear.
4

—P r e v tv u i

y cur.
$

Net Jturntnye.
Current Previou*
Fear.
Fear.
*

*

D elaw are * H udson Co. — Continued.
N V . A ( Idiiiada b
Oot. 1 to Dec. 3 1 . . . .
309,965
282,384
136,147
1 47,140
Jsiii- 1 to Dec. 3 1 . . . . 1,148,206 1,180,979
49 8 .6 9 9
4 08,428
A lb a n y * Husq. b —
Oct. i tu Dec. 3 1 ... . 1,269.471 1,221,257
746,622
8 09,705
Jan. 1 lo Dec. 3 1 . . . . 5,027,578 4 ,703,715 2,733,887 2,595,136
D el, L ack. * W e s te r n b
N Y. Lack. * W est.—
Oct. 1 to D ec. 3 1 __ . 2 ,4 7 0 ,2 5 4 1,998,511 1,330,213
711,258
J an. 1 to Dec. 3 1 . . . . 8 ,863,232 7 ,509,647 4 ,2 6 1 ,8 3 2 3 ,1 3 4 ,8 3 4
U env. * R io G 'd e .b .D e o .
984,693
9 61,677
3 31,305
338,942
Ju ly l to D ec. 3 i . . . . 6 ,329,762 6,169,438 2 ,449,103 2 ,260,676
D etroit * M a ck 'o .a D e o .
61,042
59,042
12,802
16,282
July 1 to Deo. 3 t . . .
393.252
3 95,962
7 6 .6 6 3
112,816
B et n u t S o u th e rn .. .N ov.
109,896
103,218
26,705
30,999
Ju ly i to Nov. 3 0 .. .
539.888
4 8 0 ,6 2 4
148,601
114,379
D ul. So. S h .* AM. b.DeO.
20 3 ,8 0 0
1 8 i,4 1 0
65,008
57,214
Ju ly 1 u> Deo. 3 i . . .
1,380,442 1,315,687
5 06,791
451,577
D unkirk AH. V. A P itts.—
Oct. 1 to Dec. 3 i . . .
78 ,3 3 4
7 0 ,1 7 0
31 ,4 9 6
20,860
J u ly l to D ec. 3 1 . . . .
1 66,950
149,101
67,583
54,288
E ast "<t. L. & O aron d .—
Oot. 1 to Dec. 3 1 .. .
45,099
37,097
19,041
17,363
Jan. 1 to Dec. 3 1 . . .
163,811
156,202
67,362
6 0,960
E r ie .a ....................... Deo.
3 ,1 0 5 ,1 7 2 3 ,1 8 7 ,8 9 6
6 68,983
7 87,146
Ju ly 1 to D ec. 3 1 . . . . 2 1 ,3 2 2 ,5 4 5 19,333,938 6 ,6 0 3 ,2 5 4 5 ,3 8 0 ,5 7 7
Farm v. * Po w bat’ n.Deo.
6,191
5,5 6 0
1,771
269
Ju ly 1 to Dec. 3 1 ___
36,217
33 ,2 1 0
3,252
d ef.7 ,1 1 8
F en d a JohnHt. * G lo v .
O c t 1 to Deo. 3 1 . . . .
7 5,556
72,641
18,778
14,971
Ju ly 1 to Deo. 3 1 ___
181,627
1 85,040
47,033
69 .5 8 0
F t. W . A D en . Ol t y . l>Deo.
2 0 7 ,3 9 4
182,134
49,715
3 9,684
Jan. 1 t o D ec. 3 1 ___ 2 ,1 6 3 ,4 0 0 1 ,807,090
5 73,593
3 8 7 ,0 2 0
G e o r g ia .* .............. Deo.
181,783
163,807
69,304
57,182
July 1 to Deo. 3 1 ___ 1 ,018,644
9 4 0 ,9 4 0
3 5 5 ,2 8 0
324,607
G a. S ou th . * F la .a .D e o .
1 09,396
109,957
32,043
30,244
J u ly 1 to Deo. 3 1 . . . .
6 3 3 ,2 3 2
613,033
181,116
175,953
G lla V a l.G lob e& N o .D co .
32 ,4 8 9
35,598
15,620
20,018
J u ly 1 to Deo. 3 i ___
1 85,376
1 91,632
94 ,1 7 0
104,744
S r . T ru n k o f C a n ...N o v . 2 ,0 4 1 ,0 5 2 1 .9 4 8 ,1 0 0
7 20,257
695,437
Ju ly 1 to N ov. 30 . . 1 0 ,5 8 1 ,4 5 0 9 ,849,512 3 ,7 4 0 ,9 5 6 3,542 ,3 9 8
Gr. T runk W est.. .N ov.
3 2 4 ,1 1 6
3 61,589
54 ,5 0 6
74 ,9 4 6
Ju ly 1 to N ov. 3 0 ___ 1 ,7 6 9 ,9 8 2 1 ,706,716
2 50,630
2 38,950
D ot. G r. H . & M il.N o v .
9 8,792
96 .8 4 5
2 5,793
24,819
J u ly 1 to N ov. 3 0 ___
4 91,039
4 75,953
135,778
11 6 ,3 1 1
H ook in g V a lle y .a ..D e o .
3 86,067
3 98,883
117,412
160,395
J u ly 1 to D ec. 3 1 . . . . 2,698,191 2 ,4 3 3 ,7 8 6 1 ,0 8 1 ,5 0 6 1,015,444
H ou st. & T e x . C ent.N ov.
49 9 ,1 0 5
635,053
204,629
361,592
July 1 to N ov. 3 0 ___ 2 ,4 2 6 ,7 7 2 2 ,520,289
9 95,167 1 ,250,564
Illin ois C en tra l... a .D eo. 3 ,4 1 3 ,1 2 5 3 ,2 6 7 ,7 0 6 1,279,363 1,275 ,5 6 8
J u ly 1 to Deo. 3 1 ___ 20,635,029 18,45 6 ,7 0 0 6 ,6 8 9 ,0 2 9 5,413 ,8 7 1
147,090
In d ia n a 111.* l a . b . O o t
108,943
47 ,4 4 2
42,648
Ju ly 1 to O e t 3 1 ___
562,796
4 0 0 ,3 9 2
2 0 6 ,1 5 9
151,351
Io w a C en tral b ___Deo.
2 12,424
20 7 ,2 6 4
4 4,978
44,963
Ju ly 1 to D ec. 3 1 ___ 1 ,275,439 1,164,061
23 3 ,0 4 8
147,755
I r o n R a il w a y .b ___D ec.
6,621
4,324
1,736
1,209
J u ly 1 to Dec. 3 1 ___
39 ,6 0 6
26 ,4 8 6
14,275
9,936
K a n a w h a * M loh .a.D eo.
86,446
76,496
6,427
13,754
5 52,086
J u ly 1 to Deo. 3 1 ___
4 58,131
1 0 7 ,9 5 2
85,236
K a n .C ity S o u t h ..a D ec.
479,517
4 27,843
1 6 8 .8 2 9
1 2 9 ,8 0 4
J u ly 1 to D ec. 3 1 . . . . 2 ,6 3 1 ,2 5 3 2 ,2 7 4 ,8 6 0
807,037
5 15,645
L eh ig h & H u d son —
84,085
O c t 1 to Deo. 3 1 ___
1 00,183
33,852
46,391
Ju ly 1 to D ec. 3 1 ___
3 8 9 ,6 3 6
4 3 3 ,1 0 9
1 6 1 ,4 6 6
208,251
L e h ig h V a l. R R .a ..D e c . 1 ,9 3 7 ,4 0 0 2 ,2 0 6 ,4 4 0
1 0 4 ,7 4 3
44 4 ,5 0 5
L ehigh V .C o a l C o.a .D eo. 2 ,0 4 1 ,6 6 1 2 ,0 2 5 ,2&6 d e f.1 1 ,2 3 8 d e f.3 7 ,0 4 4
2 8,690
30,322
L e x in g ’n & E ast.fa..D ec.
9,2 9 0
12,943
Ju ly 1 to Deo. 3 l . „ .
1 97,164
176,189
7 2 ,4 7 4
63,841
L o n g Is la n d b —
Oct. l t o D ec. 3 1 . . . . 1 ,1 9 6 ,7 5 9 1 ,0 3 1 ,3 4 2
2 1 8 ,3 6 0
150,058
J u ly 1 to D ec. 3 1 . . . . 3 ,3 0 3 ,0 6 9 2 ,8 8 3 ,0 7 6 1,206,973
9 6 6 ,8 7 5
57 ,4 5 7
L o n .H e n . &Bt L .b ..N o v .
16,071
52 ,8 0 2
15,588
3 0 3 ,5 2 6
J u ly 1 to N ov. 3 0 . . . .
2 8 0 ,6 1 2
93,348
89,043
L o u lsv . & N a sh v .b .D e e . 2 ,4 9 5 ,0 6 9 2 ,425,023
969,914
921,472
J u ly l to Deo. 3 1 ....1 5 ,1 7 1 ,4 2 7 1 3 ,8 5 6 ,8 1 6 4 ,8 8 9 ,5 0 0 5 ,1 9 5 ,2 6 6
12.073
M a con & B in n in g b D e e .
9,3 6 0
2,697
def. 163
Ju ly 1 to D ec. 3 1 . . .
6 4 ,4 6 0
9,0 9 3
5 5 ,3 6 7
874
M an hattan E le v a te d b —
Oct. 1 to Deo. 3 1 . . . . 2 ,8 3 7 ,1 4 8 2 ,5 2 6 ,0 3 6 1 ,4 3 2 ,1 7 7 1 ,1 8 5 ,3 3 9
2 3 ,7 2 0
9,3 8 9
M anistee & No. E .a .N o v .
23,362
9,1 8 8
3 1 3 ,3 3 9
142,119
Jan. 1 to N ov. 3 0 . . . .
3 01,428
1 27,624
M an istlqu e. b ...........D ec.
4,951
3,0 7 8 d e f.8 ,4 3 1 d ef.5 ,0 5 3
93 ,4 6 2
2 3 .3 6 5
21 ,0 3 2
1 0 2 ,7 2 7
Jan. 1 to D ec. 3 i ___
3,641
5,8 6 5
20 ,4 1 5
M aryland & P e n n ..N o v .
21,718
4 53,943
651,127
M ex ican C e n tr a l...D e c . 1 ,672,337 1,372,225
Jan. l t o Deo. 3 i . . . . 17,49 3 ,6 7 3 17,223,877 4 ,9 8 6 ,6 6 3 5,373 ,6 8 3
5 47,038
4 7 4 ,8 3 2
18 5 ,0 6 2
20 6 ,7 6 5
M ex . In tern a tio n a l.D e o .
Jan. 1 to Deo. 3 1 . . . . 5 ,9 6 0 ,8 2 4 5 ,3 7 8 ,9 7 7 2 ,4 1 7 ,0 9 4 2 ,1 7 0 ,6 9 5
6 2 5 ,6 2 9
6 0 8 ,5 9 3 c 2 2 8 ,4 8 0
290,251
M e x ica n N a tio n a l..N o v .
3 ,3 8 1 ,3 9 4
Jan. 1 to N ov. 3 0 . . . 6 ,9 9 1 ,6 9 3 7,184,847 c 2 ,6 29,025
4,30 7
1,371
3,109
M illen & South w est.D eo.
3,848
1,481
M in eral R ange, b . . . Deo.
42,247
41 ,3 9 5
229
3 1 5 ,5 2 5
55,018
78 ,6 8 7
J u ly 1 to Deo. 3 1 ___
3 02,735
2 73,462
1 1 7 ,0 1 0
M inn. & St. L ou is.a .D e o .
2 85,532
1 09,685
7 19,751
Ju ly l t o D ec. 3 l . . . . 1,852 ,9 8 8 1 ,6------------------------------5 5 ,2 6 7
7 9 8 ,7
83
192,758
M .S t. P .& 8 .8 . M .b.D eo.
5 1 0 ,4 0 2
385,829
2 8 8 ,0 8 2
Ju ly 1 to Deo. 3 1 .
3 ,3 9 2 ,5 7 4
2,809,2 i9 1 ,9 3 9 ,2 7 3
996,198
M o .K a n .& T e x a s .a .D e e . 1 ,3 8 3 ,9 9 4 1,363,363
361,451
4 4 5 .2 8 7
Ju ly 1 to D ec. 3 1 . . . . 8 ,9 5 0 ,9 8 1 7 ,9 9 0 ,1 5 6 2 ,9 5 6 ,6 7 7 2 ,758,288
M issouri P a cific.b ..D e o . 3 ,0 1 3 ,7 3 5 3 ,0 3 4 ,3 9 3
886,081 1 ,181,645
Jan. l t o Dee. 3 1 . ...3 6 ,6 6 1 ,0 9 3 3 2 ,2 9 2 ,2 8 7 1 3 ,0 4 5 ,6 7 9 1 1 ,0 8 8 ,8 9 3
M ont. & M e x . G u lf N ov.
1 15,389
102.408
31,852
30,765
Jan. 1 to N ov. 3 0 . . . . 1,278.109 1 ,2 6 9 ,5 9 4
341,243
340,058
6 2 5 ,3 9 2
6 3 6 ,4 9 6
21 2 ,6 1 5
20 5 .6 1 8
Nash C h .A 8 t .L .b ..D e c .
Ju ly l t o D eo 3 i . . . . 3,916 ,0 3 1 3 ,8 o 4 .2 7 6 1 ,252,024 1,335,794
9,547
2,787
11,218
N ev.-C al.-O regon .a .D ec.
3,8 7 1
36 ,6 3 9
85,117
88,437
34 ,2 8 4
Ju ly 1 to Deo. 3 1 —
4,184
2,143
4,808
1,795
N ev a d a C e n t r a l— O c t
12,488 d ef.3 ,1 9 3
13,899
2,816
Ju ly 1 to O o t 31 —

[V o l . i^ L Z ir

— Oroea Narninya.—
Honda.
N ew L o n d o n
O c t 1 to
Jan. 1 to
N. Y . Ohio. *
O c t 1 to
Jan. 1 to
N. Y. N. 11. *

C urren t
l ’ear.

P rev io u s
F ra r

*

$

Current
Fear.
a

Prevt*ui
Tear.

213,265
912,510

12,968
79 ,6 5 4

12,693
147,306

1,003,952
7,023,358

476,586
1,837,731

367,296
1,657,810

8,362,937
7,373,790
106,554
954,156
87,811
691,284
594,902
3,73 9 .3 7 3
160,298
2,512,187
1,556,539
11,704,046
4,462
15.424

3,07 5 ,0 8 8
6,834,581
142,873
805,229
1 2 8 ,4 3 0
4 8 5 ,4 6 3
609,309
3,363,941
270,498
2,348,037
1.376,617
9,072,502
3,874
10,072

N orth ern —
D ec. 3 i ___
252,912
Dec. 3 1 ___
937,717
St. L .b —
Deo. 3 1 ----- 1,997,293
p e c , 3 1 . . . . 7 ,485,482
IIa rtb —

« . Y. O n t. & W est.a D eo.
463,292
July 1 to Dec. 3 1 . . . . 3 ,0 0 2 ,2 2 4
N. Y. Sus. A W est.u .D ec.
205,125
July l t o Dec. 3 l . . . . 1 ,4 5 3 ,7 3 7
N orfolk A W est’n .a .D eo. 1,360,687

450,840
2,551,082
258,662
1,162,130
1,398,401

N orthern Cent ral. b Dee.
Jan. 1 to Deo. 31 ...

6 4 3 ,0 4 0

756,840

Ohio & L ittle K a n a ..S e p t
July 1 to S e p t 3 0 .. .

16,991
48,207

16,428
46,124

$

P e n n s y lv a n ia —
L ines d lr e o t ly o p e r a te d
E ast o f P it t s .* E .D ec. 7 ,7 2 1 .6 0 4 7,8 1 6 ,9 0 4 2,701.297 2.9 2 1 .6 9 7
Jan. l t o Dec. 3 i . . _ . 9 3 ,2 1 4 ,6 1 2 8 5,575,912 3 8 ,4 4 6 ,0 6 2 29,302)662
W est o f P itts.& E . Dec.
In c.
278,600
Ino.
123,300
Jan. 1 to D ec. 3 i ___
Ino. 5,431,700
In c. 2,63 6 ,6 0 0
Pare M a r q u e tte .* .. Dec.
774,126
740,751
129,917
170,688
Jan. 1 to D ec. 3 1 . . . . 9 ,201,175 8,296,112 .2,090,963 1,965',519
g)iila. * E r ie .b ....... Deo.
4 96,049
516,283
177,051
2 0 3 .3 8 6
ftiv i
1 tA
H a n
O l
n c»
i s . i /“T
■ A > i /in m x n
.
. . .
Jan.
1 to Deo.
3
1 . . . . f6t ,789,697
5
,8 2 4 ,6 3 5 n2,778i425
2 ,l4
6. ,’. .680
P h lL W llm .* B a lt.b D e c .
953,803
996,603
265,850
3 1 6 ,2 5 0
Nov. l t o D ec. 3 l . . . . 1 ,944,362 1,961,062
642,299
696,399
Pine B lu f f * A rk. R .D eo.
3,238
3.806
1,349
2,750
P itts. C .C .& S t.L .a .D e o .
1,779.697 1,721,240
464,305
375,087
Jan. l t o Deo. 3 i ...2 0 .6 8 4 ,2 1 4 1 9 ,0 1 2 ,6 7 7 6 ,00SL324 4 ,9 4 8 !6 5 0
P itts .* W est. S y s.b .D e o .
305.784
31 1 ,4 9 9
64,697
1 0 4 ,3 9 5
J u ly 1 to D ec. 3 1 . . . . 2 ,3 i7 ,5 8 6 2,0 0 4 ,6 3 7
-----------~ ,3- 8 384 9 ,1 5 5
690
R eadin g C om p a n y—
Phlla. * R e a d ’g .b .D e o .
2,438.434 2,552,424
9 5 9 ,6 1 0
909 ,7 1 9
J u ly l t o Deo. 3 1 . . . . 15,271,419 13,976,601 5,837,095 4 ,7 4 6 ,0 0 0
Coal * Ir o n C o . b .D e o . 2,483.857 3,096,053
152,082
409,411
J u ly 1 to D ec. 3 i . . . . 15,305,238 13,922,397 1,436,339
985 ,6 9 7
T o ta l b o th C o.’s. b D e c. 4,922,291 5,648,477 1,111,692 1 ,3 1 9 ,1 3 0
Ju ly l t o Deo. 3 1 ....3 0 ,5 7 6 ,6 5 7 27,898,998 7,2 7 3 ,4 3 4 5,7 3 1 .6 9 7
R e a d in g C o . b .......Deo.
83,290
23,085
J u ly 1 to Dec. 3 i ___
495,165
1 3 8 ,9S9
T o ta l all C om p ’ s.b D e c.
1,194,988 1,3 4 2 ,2 1 5
J u ly 1 to Deo. 3 1 ___
7,7 6 8 ,5 o9 5 ,8 7 0 ,6 2 6
R ich. F red . & P o t .. D ec.
87,860
90,622
24,421
24 ,6 7 3
J u ly 1 to D ec. 3 1 . . . .
5 19,615
479,961
189,980
178,071
R io G ran d e J u n c t ..N o v .
53,093
52,229
f l 5 ,9 2 8
f 15,669
Deo. 1 to N ov. 3 0 ___
5 7 5 ,3 5 0
558,679
f 172,605
f 167,604
R io G ra n d e South. bD ec.
50,759
48,065
21,870
2 5 ,2 2 0
J u ly 1 to D ec. 3 1 . . . .
305,358
295,574
135,148
139,433
R io G ra n d e W e st.b .D e o .
462,466
366,062
206,924
113,698
. 2 ,818,664 2,549,979 1,103,504
791,629
R u tla n d —
Ju ly 1 to D ec. 3 1 ___ 1,132,818
405,016
St. J o s. & G d. I s l.a .D e o .
104,058
32,432
125,603
51,094
J u ly 1 to Deo. 3 i . . . .
7 46,640
709,641
260,006
270,900
8t. L ou is & N. A rk .b D e c.
20,507
7,032
9,753
3 ,9 5 6
Ju ly 1 to Deo. 31 ..
124,725
48,388
62,0 3 0
22,399
1,798,111 1,853,137
677,969
8S5.325
11,264,564 9,706,244 4,957,303 4,280,989
S t.L ou is S o’w e st.b $ D e e .
6 58,007
79 6 ,7 0 7
§224,148
§398,914
3 ,8 48,830 3,869,993 §1,154,641 §1,706,397
St. L ou is V a n d * T . H .—
Oct. 1 to Deo. 3 1 ___
548,806
498,088
18 5 ,2 5 4
216,358
Jan. 1 to D ec. 31 . . . 2 ,074,929 1,935,788
757,061
5 5 0 ,3 7 3
San A n t.& A r a n .P .,D e o .
223,526
268,999
70,195
96 ,8 3 3
J u ly 1 to D ec. 3 i ___ 1,407,858 1,475,226
492,000
5 3 8 ,8 9 3
San Fr. & N. P a c .a .D e o .
85,526
75,458 d ef.4 ,2 6 4
2,7 IS
Ju ly 1 to D ec. 3 i ___
628,620
568,595
229,753
228,061
Santa Fe P r e s .* P h .O c t
88,170
82,483
49,614
40,871
J u ly 1 to O ct. 3 i ___
324,543
309,032
171,236
158,838
8 a v . F la .& W e s t.b .’ Dec.
7 6 1 ,1 0 4
8 23,350
344.836
2 8 8 ,6 4 5
4 ,0 1 8 ,2 7 4 3,803,233 1,261,409 1 ,1 7 7 ,5 6 2
Seaboard A ir L in e aD eo.
9 15,658
899,865
272,609
243,223
5,622,031 5,205,412 l,8 4 d ,4 2 3 1,020,018
Southern In d ia n a —
J u ly 1 to N ov. 3 0 ___
266,421
171,528
126,776
52,287
South. M o. & A rk .b D e c.
22,283
15,783
10.48S
5,946
Jan. 1 to Deo. 31 ..
185,542
2 26,735
69.S5S
97,027
7 ,3 56,403 6,718,614 2,554,646 2,467,313
43,678,137 38,849,403 16,311.058 14,359.779
1 ,724,443 1,627.697
630,259
6 0 6 ,07S
9,400,035 8,876,461 S,9 22,595 3,832,072
693,041
612,433
G a l.H a r.& S a n A .b N ov .
230,70S
108,051
3 ,112,731 2,747,891
971,341
588,112
87,303
43,725
36,682
H o u s t.E .* W .T .b .N ov .
102,126
187,985
J u ly l to N ov. 3 0 ___
402,273
119,694
344,367
9,072
H o u s t .* S h reve.b N ov .
24,256
19,043
11,186
S4.68S
J u ly 1 to N ov. 30 . . .
3 8 ,‘2 S1
96,538
74,328
75,887
176,757
146.200
L ou isia n a W est. b.N ov.
91.4 27
J u ly 1 to N ov. 3 0 ___
660,952
28 2 ,8 7 0
782,793’
358,901
854,220
38 4 ,7 9 2
M’ g’n ’ sL a .& T e x .b N o v .
823.591
417,028
S,641,938 3,279,282 1,474,816 1, £60 ,5 2 0
12,930
16,622
N. Y . T e x . & M .b N ov.
£9,110
36,369
78,274
49,484
July 1 to N ov. . 0 . . .
168,165
119,807
82,534
T ex a s * N. O r l.b .N o v .
2 57,650
2 2 6 ,9 *6
62 ,0 4 6
S73.197
318,405
1 ,2 3 9,3*5 1,044,383
688,848
700,551
1,803,872 1,512,245
9 ,1 0 3,202 7,734,139 S,821,930 3,250.122
267,046
358,050
189,947
442,661
So. Pae. o f A ria .b Nov.
907,469
7 5 9 .5 8 0
July 1 to N ov. 3 0 ___ 1,830,783 1,504,469
181,862
153,346
111.621
240,001
So. Pao. o f N. M .b .N ov.
476.736
1,064.933
808,861
676,614

Fj m u a iy

2®, 1S02.]

THE

CHRONICLE

423
S3t

-—Gross K a m l n g s >---- N et Earnings.Ourrent Previous
Current Previous
Year. '
Year.
Year.
Year.

Hoads.
*
$
$
$
964.843 1,053,551
Monthern Rallw’y.aDeo. 3,142,25.0 3,124,645
18,994,665 18.120,050 6 ,115,050 5,900,268
July 1 to Doo.
Terre Jl. A Indlanapolls.—
4 17,785
436,644
209,128
Oct. 1 to Deo.
174,079
642,200'
Jam. 1 to Doe. 31 — 1,603.591 1,608,529
583,307
T erre Haute A Peorla154,884
22,842
157,035
Oct 1 to Dee. 3 1 —
55,575
564,092
5 1 1 .6 7 0
85,931
Jan. 1 to Deo. 31 —
71,337
75,300
8 9,470
43,497
Texan Central « ... Nov.
55,079
287,141
2 89,072
135,373
July 1 to Nov. 3 0 ...
150,079
Toledo A O. Cent.a. Doo.
218,488
207,811
27.418
49,585
340,723
July 1 to Deo. 3 i — 1.491.750 1,306,065
34 1 ,6 5 5
96,649
Tol.Peoria A West ,1>Jan.
96,218
20.247
20,720
701,212
7 02,357
180,717
July 1 to Jan. 31 —
178,770
58,404
38,637
27,629
Toronto Ilam. & Butt.Got.
14,606
Uaion Pao.Syst’ma. Do«. 3 ,896,226 3 ,622,475 1,842 995 1 ,664,902
July 1 to Deo. 31. 25,445,085 23,533,467 12,501,735 10,728,516
Wabash, h>__
.. Deo. 1,592,342 1,536,237
402,967
388,393
July 1 to Deo. 31 — 9,937,620 9,103,814 3,069,834 2 ,666.883
213,074
214,374 d e f.l 1,789
W. J ersey A Seash.l Dec.
19,311
3,678,658 3,490,458
Jan. 1 to Deo. 31.
919,116
934,416
102,167
32,153
95,338
W. Va. C. A Pitta.b.Sept
42,297
309,588
2 86,546
111,153
125,119
July 1 to Sept 3 0 —
Coal Departm’t b.Sept
4 4,431
51,944
July 1 to Sept 30..
112,475
155,739
5,513
Real Bat. Dept.b.Sept
9,718
23,191
20,130
July 1 to Sept 30
82,097
Total, b.............. Sept
103,959
246,819
July 1 to Sept 30__
300,988
253,579
251,681
42,234
Wheel. A L. Erie__ Deo.
76,358
525,886
July 1 to Dec. 31 — 1,783,605 1,547,246
515,886
1,380
Wiohita Valley.......Deo.
6,629
7.648
3,704
75,877
40 ,0 9 5
Jan. 1 to Deo. 3 1 ...
6 3,730
30,894
412,291
Wisconsin Central bDec.
441,976
139,009
142,347
July 1 to Deo. 3 1 .... 3,051,202 2,744,422 1,119,665 1,008,-825
6,115
Wrightsv.A TenB.bDec.
14,116
15,828
7,464
75,069
89,826
July 1 to Dee. 3 1 __
29,175
39,704
665,093
287,147
Yazoo A Miss Val. a Deo.
737,959
396,126
July l to Dec. 3 1... 3,411,088 3,186,722 1,106,135 1,352,188
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.

—Int.,rentals, etc.—
Ourrenl Previous
Year.
Year.

—Hal.of Net Mam’s.Current PrevUms
Year.
Year.

Roads.
8
*
Ohoo. Okla. A G u lf. Doe.
115,310
52,885
43,431
163,320
Nov. 1 to Doo. 3 1 ___
103,301
80,345
307,911
271,112
242,583
1.00,608
251,304
280,105
0 •> .O in .O h .A B t.L .D ec.
July 1 to D ec. 3 1 . . . . 1,41.0,110 1,408,478 1,457,003 1,355,617
3 3 ,6 8 9
P eoria A East ...D e o .
33,750
54,137
05,780
July 1 to Dee. 3 1 . . . .
2 02,500
202,130
163,846
191,827
D elaw are A H u d son —
Kenss. A S a ra toga —
Oct.
i to Deo. 3 1 ____
309,350
302,301 M e t 4,092 M f.1 6 ,8 1 3
Jan. 1to Dec. 3 1 . . . . 1,230,469 1,221,508 *df2H8,930 *df278,505
N. Y & Canada—
90,561
O ot
1 to Doo. 3 1 . . . .
94,019
4 1,529
56,579
375,044
Jan. 1to D oc. 3 1 ____
369,181
129,247
123,055
A lban y A Susqueli.—
315,267
302,712
431,255
506,993
O ot
1to Deo. 3 1 ____
Jan. 1to D ec. 3 1 ____ 1,201,141 1 ,230,567 1,472,746 1,1 01,509
DeL. L ack. A W est.—
611,319
Oct. 1 to Deo. 31 —
604,838
718,894
106,420
Jan. 1 to Deo. 31 — 2,467,620 2,416,474 1,704,212
7 1 8 ,3 6 0
Den. A K. G ra n u e ...D e o .
209,030
199,713
1128,517
1146,804
July 1 to Deo. 3 1 . . . . 1,235,495 1,223,318 t l , 254,394 t l , 072,741
20,500
D etroit S ou th ern . . . Nov.
205
132,500
July 1 to N ov. 3 0 ___
16,101
78,642
79.632 * d f.l3 ,7 5 8 *d f.22,287
Dnl. So. 8h. A A tL ..D ec.
471,850
Ju ly 1 to Dee. 31 . . .
470,973
*3 7,221 *df. 17,477
135,876
H ooking V a lle y ----- Deo.
127,153
*298,949
*362,114
498,793
July 1 to Dee. 31 —
4 89,090
*922,037
*864,523
24,147
20,764
la d . 111. & Io w a — O e t
23,295
21,884
97,001
July 1 to O c t 3 1 ___
84.633
109,158
66,718
K anaw ha A Mio h . . . Deo.
11,729
10,663 *d ef.4,829
'3 ,6 5 7
67,473
July 1 to Dee. 3 1 —
63,977
*43,631
*24,659
M anistee & N o E ..N o v .
6.050
3,339
6,257
2,931
66,656
Jan. 1 to N ov. 3 0 ___
68,832
75,563
58,792
M ineral R a n g e ....... Dec.
8.634
4,534 *d ef.8 ,3 4 l 'd e f.3 ,0 4 9
51,531
27,801
July 1 to Deo. 31 . . .
* 3 ,b l5
*51,224
M o. K a n . A T e x a s..D e c.
298,514
2 89,324
146.773
72,127
Ju ly 1 to D ec. 3 1 ___ 1,799,168 1,736,279 1,157,509 1,022,009
152,510
S a sb v . C h a t.* st.L .D e c.
160,404
53,108
52,111
915,059
9 65,110
July 1 to D ec. 31 . . .
337,865
370,684
N ev.-C al.-O regon . . . D ec.
2,2 1 0
2,250
577
1,121
13,380
July 1 to D ec. 31 —
13,500
23,259
20,784
N ew L o n d o n N o r th e r n —
Oet. 1 to D ec. 3 1 . . . .
63 ,4 2 0
63,500 *d f.46,312 *d f.46,303
c O f the balan ce here g iven there w as ch arged o ff fo r repairs,
Jan. 1 to D ec. 3 1 . . . .
2 58,284
2 52,212 * d f.l6 2 2 5 3 * d f.i8 6 8 9 0
rep lacem en ts and gen eral ex p en ses in N ovem b er $ 3 7 ,1 5 8 , lea v in g
$ 1 91,322 a p p licable to in terest on b on ds. F rom J a n u a ry 1 to N ov. N. Y. Chic. A St. L ou is—
30 there w as charged o ff fo r this p u rp ose $412,314, lea v in g a
Oct.
1 to
Dec. 3 1 . . . . 3 1 7 ,2 2 9 3 04,292
*173,550
*74,879
Jan.
1 to
D ec. 3 1 . . . . 1,251,092 1,207,811 *618,929 *476,722.
balan ce o f $2,216,711. These figures are in M exican cu rre n cy , and are
co n v e rtib le Into g o ld at the cu rren t ra te o f exch ange,
N. Y . N. H . A H a r t fo r d .—
d G ross earnings in clu d e oth er In com e,
Oct. 1 to Dec. 3 1 . . . . 2 ,0 3 8 ,5 0 9 2 ,020,461 *1 ,7 5 4 ,4 9 7 * 1 ,3 0 4 ,4 8 9
Ju ly 1 to D ec. 3 1 . . . . 4,074,961 4,033,296 *3,797,696 *3,095,170
f T h irty p er cen t o f g ross ea rn in gs.
192.011
187,538
402,861
4 2 1 ,7 7 1
1 T hese figures in clu d e H ou ston A T ex a s C entral and Its su bsidiary N orfolk A W est’ll...D e o .
Ju ly 1 t o D ec. 3 1 . . . .
1,152,608 3,125,563 2,586,765 2,2 3 8 ,3 7 8
lin es and the C rom w ell Steam ship Line.
156,285
106,520 d ef.2 6 ,3 6 8
63,568
k These figures lnolude In b o th years results on K an sas C ity Fort Pere M a rq u ette___ D ec.
Jan,
1 to
Deo.3 1 . . . . 1,508,889 1 ,319,331
582,074
646 ,1 8 8
S cott A M em phis R 8 . an d F o r t W orth A Rio G rande R R.
P itts. O. O. A
St. L . D ec,
2 95,028
90.801
169,277
284,286
n In clu d es P ad u cah A M em phis D iv isio n fro m J u ly 1 In b oth years.
Jan. 1 to D ec. 3 1 . . . . 4 ,0 6 1 ,2 9 8 3 ,5 18,764 1,947,026 1,429,886
* These figures in clud e, besides the old Savannah F lorida & W estern ,
R e a d in g the A labam a M idland, B run sw ick A W estern, Charleston & Savannah
A ll c o m p a n ie s ... Deo.
8 62,000
7 90,979
332,988
551,236
and Silver Sprit.gs Ocala A G ulf, all o f w h ich h a v e n ow been c o n s o li­
July 1 to Dee. 3 1 . . . . 5 ,1 7 2 ,0 0 0 4 ,7 45,877 2,596,599 1,124,749
dated. For last year the earnings o f these separate roads are com bined
Rio G ran de J u n e t’n .N ov.
7,7 0 8
7,708
8 ,2 2 0
7,961
fo r pu rposes o f com parison.
Dee. 1 to N ov. 3 0 . . . .
9 2 ,5 0 0
92,500
80,105
75,104
t F or D ecem ber, 1901, ta x e s and ren ta ls a m ou n ted to $ 1 0 3 ,0 4 3 ,
18,033
17,783
3,837
7,4 3 7
against $187,336, after d ed u ctin g w h ich net fo r D ecem ber, 19 0 1 , R io G rande S o u th ..D e c.
109,177
107,776
25,966
3 1 ,6 5 7
July l to D ec. 31 . . .
w as $2,208 ,352, against $ 1 ,8 9 3 ,5 6 9 . From J u ly 1 to D ecem ber 31,
1901, taxes and ren tals am ou n ted to $945,8 4 2 , against $ 1 ,0 0 4 ,2 0 0 , 8t. Jos. A Gr. l8 l’ d ..D e e .
8,750
8,750
23,682
4 2 ,3 4 4
a fter d eductin g w h ich n et w as $ 1 2 ,5 2 6 ,7 9 9 , again st $10,007,072.
5 2 ,5 0 0
5 2,500
207,506
218 ,4 0 0
July 1 to D ec. 3 1 . . . .
§ N et earnings are after a llow in g fo r ex p en ditu res fo r betterm ents.
502,615
389,957
8t. L. A San F r a n ...D e c .
*236,319
*483,021
2,649,895 2,276,583 2,393,782 *2,081,036
Ju ly 1 to Dee. 3 1 —
Miscellaneous Companies.
San Ant. A Ar. P a s s Ju ly 1 to D ec. 3 1 . . . . 1422,784
------ Gross E arn in gs. ----- , ------ Net E arnings. ----.............
69,216
.............
Current Previous
Current Previous
San F ran. A N o .P a e D ec.
22,771
22,862 d e f.2 7 ,035 d e f.2 0 ,119
Year.
Year.
Year.
Year.
July 1 to Dee. 3 1 ___
1 3 6 ,6 2 6
1 37,176
93,127
90,885
Companies.
$
$
$
$
South. M o, & A r k ...D e c .
4 ,8 0 0
.........
5,683
B uffalo G as C o____Jan.
40,500
37,255
Jan. 1 to Deo. 3 1 . . . .
3 9 ,1 0 0
.............
57 ,9 2 7
.............
Oct. 1 to Jan. 3 1 . . . .
1 48,645
134,594
Southern Pao. C o ...D e c . a 2 ,430,583
.........
*106,778
C onsol. G a sC o.,N .J .D ec.
4,412
3.548
July 1 to D ec. 3 1
a l3 4 0 8 8 4 4
............. *3,406,808
Jan. 1 to Dec. 3 1 ___
77,338
67,62 6
Toledo A O h io Cen .Deo.
39,305
35,057 * d f . l l 663
*14,806
Ga & A E lectric Co. o f
July 1 to Dee. 31 . . .
23 8 ,7 3 5
205,361
*110,306 *136,788
B ergen Con nty - Dec.
22,812
10,071
25,202
9,023
f o i P eo. A W e s t...J a n .
23,051
23,535 d ef.2 ,8 0 4 d ef.2 ,8 1 5
June 1 to Dec. 3 1 ___
140,190
72,574
166,240
52,665
July 1 to Jan. 31 . . .
1 61,354
1 60,037
19,363
18,733
J a ck son G as-L. C o.D eo.
4,408
3,413
14,621
14,666
13,008
d ef.6 0
Mar. 1 to Dec. 3 1 ___
29,380
23,397 T oron to Ham. A B u ff.O ct.
W.
Va.
C
en.A
P
itts.tS
ept.
25,535
25,733
56,562
78
.2 2 6
8,851
L ow ell E leo. L t. C o.N ov.
18,067
16.728
6.655
Ju ly 1 to Sept. 3 0 . . . .
76,498
77 ,2 3 3
170,321
223,755
July 1 to Nov. 3 0 ___
7 3,035
27,387
74,624
22,159
139,807
1 34,014
*1,692
*10,244
10,111
18,742
15,910
M ex ican T eleph one Dec.
7,527 W isconsin C en tra l..D ec.
Ju ly 1 to Dec. 3 1 . . . .
840,766
808,932
*292,013 *208,497
Mar. 1 to Dec. 3 1 ___
1 54,260
80,867
177,881
69,233
389,615
75,621
P acific C oast C o ..a D e c ,
73,708
385,004
* A fte r a llo w in g fo r o th e r in co m e r e c e iv e d .
Ju ly 1 to D ec. 3 1 . . . . 2,770,121 2,818,101
624,115
708,958
t These figures are a fter a llo w in g fo r other in com e and f o r d iscou n t
e x ch a n g e. A fte r d ed u ctin g $ 1 0 ,0 0 0 fo r R enew al F und and
•Interest Charges and S u r p l u s . — T h e following roads, It and
bond co n v ersion m D eo., 1901, and $ 10,000 in D eo., 1900, th e su rp lu s
addition to their gross and net earnings given in the fore fo r the m on th Is $118..->17, against $136,804 a y ea r ago. F rom J u ly 1
to Dec. 31, 1901, th e deductions fo r this p u rp ose w ere $ 6 0 ,0 0 0 ,
going, also report charges for interest, &o,, with the surplus against $80,00o a year ago, lea v in g a surplus o f $ 1 ,1 9 4 ,8 9 4 in 1 9 0 1 ,
against $992,741 in 1900.
above or deficit below those charges.
t These figures in clu d e $ 44,007 fo r betterm en ts, etc.
-------Int., rentals, etc.------- .-Bat. of Net Earn's.~
a T hese figures fo r D ecem ber in clu d e $1,069,684 ap p rop riated for
Current Previous
Current Previous
betterm ents and additions to properties and equipm ent; from J u ly 1
Year.
Year.
Year.
Year.
to D ec. 31 th e am ount exp en d ed fo r these pu rposes was $ 5,236,877.
$
%
a
Roach
%
2.083
A tla n tic A Blrm ’ gh.Jun.
2,083
4,3 0 1
739
14,583
J u ly 1 t o Jan. 3 1 ___
14,583
10,391
d e f.2 i5
STREET RAILWAYS AND TRACTION COMPANIES,
1,310
B ellaire Zanes. A C.Nov.
5,411
2,212
def.4,409
B o ston A M aine—
The following table shows the grossearnings for the latest
Oet. 1 to Deo. 3 1 ___ 2,004,859 2,016,997
*327,458
*392,468
Ju ly 1 to Dec. 3 1 . . . . 4 ,0 0 4 ,4 7 0 4,027,281 *1,310,166 *1,313,687 period of all s t r e e t railways from which we are able to o b
Cent. N ew En g 1an cl. Dee.
12,928
12,428
3,721
15,723 tain weekly or monthly returns. The arrangement of the
July l t,o Dec. 3 1 ___
77,740
74 ,7 6 2
5,892
18,307 table is the same as that for the steam roads—that is, the
C hic. Burl. A Onino.v Dec.
800,000
797,260
778,503
675,045
Ju ly 1 to D ec. 3 1 ___ 4,800.000 4,783,501 6,530 ,9 7 7 5,505,526 first two columns of figures give the gross earnings for the
(jhU A K. Illin ois,. Dee.
132,368
131,808
*157,340
*145,528 latest week or month, and the last two oolumns the earnings
Ju ly 1 to Deo. 3 1 . . . .
788,687
785,406
*761,800
*523,975
for the oalendar year from January 1 to and including such
Chic. R. (si. A P ac... Oec.
319,000
316,907
275,474
317,044
Apr. 1 to Dec. 3 1 . . . . 2,871,000 2,852,973 5,133,186 3,955,248 latest week or month.

424

THE CHKONIGHE

[VOL. LXXIV

HTKKKT HAILWAVB AND TRACTION OOMPAN1E8.
UuoHa
EaaaiNtia

A lton Uy. Uas &>Elec
An, oi'loan. tl jo . (.Jo.*
B ingham ton K it.
B r’ klyu R ap.T r. Oo.
C hicago & Mil. Elec.
01 t i Bleo. (R om e.G e )
C lev.C hagrin F’s Ei’c
C levelan d & E astern.
C levelan d E lectric
Oleve. Ely & West.
Uieve. F alnsv. & K,
C onsol. T rac. (Pitta i
Dart. A W’ p ort Mi.Kv
D enver City Tram ..
D etroit United .......
R apid R a ilw a y ___
T o ta l.......... ............
D n lu th S u p . T ra ct, i
Duluth at. R y ___ \
E lgin A u rora & Sou
G alvea Lou C it y .........
fia rrlsb urgTTactlon
InteraatT T r a c tio n (B u ffa lo )............... .
LelilgU T ra ctio n ... . .
L ondon 8t. Ky,(O an.)
Mad. (W ls.) T raction
Maas. E lec. Oo.’ s .......
M ontreal Street R y ..
M uscatine St. R y —
New C astle T raction .
New L on d on St. R y .
N orthern Ohio T ra ct
Olean 81. R y . .............
O range Oo. T raction .
F M ladeiphia CompD
P ottsv ’ e U n ion Trao.
R ailw ays Co.Gen.~R oads ............. .........
L ight C o’s ......... .
R ich m on d T ra ctio n ..
S acram en to E lectric
Gas A R y ............
St. L ou is T ra n s it___
S ch u y lk ill T raction
S cran ton R ailw ay
S iou x C ity T ra ct____
Southern Ohio T ra ct
T a com a Ry, & T ow er
T oledo R ys. & L igh t.
T oron to R v ........ .......
Tw in C ity R ap. Tran
U nion <N B e d fo r d )..
U nited T ra ctio n — ;
A lb a n y C ity (
U nited Tract. (Fitts.)
U nited T ract. (P rov.)

Luteal O r Ota N a m in g s ,
Week, o r Mo

O u r’ nl
Y ea r.

Jan

- Cross N am in gs. ----

1 lo Latent

j Frets’ u» Current i'revlOH*
te a r .

Y ea r.

Year.

D ecem ber,
j a n u a r y ..
January.
D ecem ber
Ja n u a ry ...
J a n u a r y ...
N ovem ber
N ovem ber
J a n u a ry ...
,1a n u a ry ...
January.
N ovem ber
Decem ber.
J a n u a r y ...
1st wk Feb
1st w k Feb
1st wk F eb
J a n u a ry ...
Jan uary,
D eoem ber
J a n u a ry ...

*
$
12,587 * 12,293
78,752
le .lts i 62.746
62 746
15,169
15,169 18,367
13,307
978,026
11980110
12497284
1,085,525
8,282
10,06*
1 0 ,9 5 1
8,282
8.880
3,862
з,
362
3,380
4,805
45,152
4,227
43,670
82,916
7,758
57,722
5,591
166.732
188,082
188,082 166,782
18,760
15,183
18,760 15,183
10,201
8,674
10,201
8,67*
266,839 235,545 2,796,396 2,603,140
12 l ,634
7,824
7,903
103,530
119,702 108,412
110,702
108,412
64.969 47,098
260,903
308,858
и, 058
4,439
25,352
27,066
330,924
59,308 51,056
2 8 6 ,2 6 5
36,236 31,963
81,963
36 ,2 3 6
29,075 26,599
2 0,599
29,075
10,508
81.947 26,018
31,947
26,018

D eoem ber
J a n u a r y ...
•eoember.
J a n u a r y ..
D ecem b er
D ecem ber,
D ecem ber,
N ovem ber
D ecem b er
January.
D e ce m b e r
J a n u a r y ...
D ecem ber
J a n u a r y ...

263.242
10,199
12.947
5.266
124 027
158,196
7,654
9,474
4 673
48.287
4,638
6,2 3 6
370,888
12,214

J a n u a ry.
J a n u a ry ...
Septem ber

16,456
2,073
20,991

D eoem ber.
Jan uary.
D ecem oer
O c t o b e r ...
J a n u a ry ...
J a n u a r y ...
D ecem ber.
Deoem ber.
D eoem ber.
J a n u a ry ...
D ecem b er
| >uary
D ecem ber
D ecem b er.

37,978
460,685
10,356
12,638
16,572
23,915
32,524
126,878
145,398
272,168
23,851
■18,383
!', 7,366
217,500

246,774 4,588,601
9,489
10,199
11,043
141,845
5,266
418,031 5,8 5 5 ,2 3 c
148,637 1,914,792
6,518
73,43
7,149
115,080
69,138
4,031
48,287
45,631
4,428
54,267
6,2 3 6
5,803
276,301 3,116,631
12,214,
10,989
13,064
1,848
20,727

16,456
2,073
169.748

C urrent
Year.

Done

2,697,872
9,4 8 9
119,109
5,585,174
1,801,040
09.176
119,556
61,845
45,631
51,416
5,803
2,482,881
10,939
13,664
1,848
156.909

32,826
3 7 3 ,6 2 6
418,282
435,933
4 35,933
400,685
115,676
10,187
140,097
48,780
5 04,850
508,189
14,683
14,683
16,572
19,854
23,915
19,854
294,132
28,947
378 921
111,847 1,311,084 1 ,182,516
127,096 1,036,861 1,484,597
236 274
272.158
236 274
280,321
20,506
250,993
106,742
1 06,742
118,333
16 7,071
203 003 2,674,089 2 ,377,332

* E arnings lo r D ecem ber, i9 0 0 , in clu d e an u n u su a l Item o f $ 1 ,5 9 1
w h ich does n ot a p p ea r in 1901.
| These are resu lts fo r p ro p e r tie s ow n ed ,
t Strike o f em p loyes In O otob er, 1901.

Street Railway Net K a m ia g s .—In the follow in g we show
both the gross and the net earnings to latest dates o f all Street
railways from which we have been able to procure monthly
returns. As in the case o f the steam roads, the returns of the
different roads are published by us each week as soon as re­
ceived, and once a month (on the third or the fourth Satur­
day of the month) we bring together all the roads reporting,
as is done to-day,

Previous
Year.

----- Net N am in gs. ----- -

Current
Year.

Roads.
$
$
«
lU n is b 'K T r a o t’n .-J a m
31,947
20,018
11,496
InternT Tr. (B u ll.).. Dec.
2 63,242
246,774
88,418
Ju ly 1 Co D ec. 3 1 ___ 2 ,9 2 2 ,6 4 2 1,470,058 1,548,936
Lehigh T r a c tio n ___Jam
10,199
9,489
2,181
bond. 8t.Uy,<< 'an. )a D ec.
11,043
12,947
6,667
Jam 1 to Dec. 3 1 ___
141,845
119,109
57,283
L y n ch b u rg (Va.) T raction
& L ig h tM ay 1 to O o t 81 . . .
8 3,350
3 3 ,2 9 6
MadiBon T r a c tio n ., ja m
5,266
701
158,196
M ontreal 9t. R v ___Deo.
148,037
52,589
Oct. 1 to Deo. 81 ..
4 79,169
101.862
455,529
New C astle T r a c t...N o v .
9,4 7 4
7,149
2,564
Ju ly 1 to N ov. 3 0 ___
59,060
57,462
20,586
New L on d on St. R y.D eo,
4,673
4,031
1,005
43,651
July i to D ec. 31 ...
39,820
19,057
N orthern O hio T r a c Jan.
4 8 ,2 8 7
19,104
45,681
Olean Street R y . . ..D e o .
4,038
4,428
1,754
Ju ly 1 to Deo. 31 ..
30,514
28,205
16,554
O range Oo, T r a o ___Jan.
6,236
1,591
5,803
Ju ly 1 to Jan. 3 1 ___
66.028
62 ,3 5 0
29,135
P o ttsv llle Un. T r a c .—
ja m 1 to Deo. 3 1 ___
142 ,4 0 6
79,444
1 73,210
R ich m on d T ra o tlo n .S e p t
20,991
6 ,3 2 2
20,727
O o t l to S e p t 3 0 . . . .
2 1 8,570
20 3 ,0 5 0
79,027
R och ester R a ilw a y b —
O e t l to Deo. 3 1____
120,392
2 6 1 ,8 8 0
246 ,9 3 9
J u ly 1 to D eo. 31 —
235,975
5 2 0,958
491,128
S a cra m en to E le c tr ic G as
37,979
& R a ilw a y Oo----- D ec.
3 2 ,8 2 6
22,680
Feb. l to Deo. 3 1 . . . .
386,178
344,865
207,345
S cran ton R a ilw a y ..O o t
t2,638
48,780 ld f.2 6 ,6 0 1
J u ly 1 to O c t 3 l ___
197,662
69,428
219,003
Southern Boul. (N .Y .).b —
13,662
O o t 1 to D ec. 3 1 ___
11,663
2,761
South. O hio T r a c t. Jam
23,915
19,854
9,178
S yracuse R apid T ra n sit—
176,741
Oct. i to D ec. 3 1 —
157,901
79 ,9 8 0
T a co m a R y . & P .—
Jan. l to D ec. 3 1 —
378,921
294 ,1 3 2
122,287
T arry t’n W h ite P. <&M .b —
15,164
13,993
Oct. 1 to D oc. 31 —
d ef.6 1 4
111,847
T oled o R ys. & L t.a .D eo.
62,747
126,378
1,311,084 1,182,516
Jam r to D ec. 3 1 —
674,677
236,274
Twin City R ap. T r .b Jam
139,739
272,158
U nion R y . (N. Y .) b . —
67 ,3 2 4
Oot. 1 to D eo. 8 1 . . . .
244,808
220,697
462,182
516,769
176,494
J u ly I t o D ec. 3 1 . . . .
0 nisect Trao. (P itts .)D ec.
1 7 7,366
167,071
66,351
W estchester E l e c t r i c .b —
48,900
41,771 d ef.1 4 ,4 0 4
Oet. 1 to D ec. 3 1 ___
Y onk ers R R .b —
5 1 ,3 4 9
44 ,4 6 0
2,323
Oct. 1 to D ec. 3 1 . . . .

Previous
Year.

$
9,268
109,782
745,208
2,126
8,719
39,037

51,901
176,724
793
21,735
780
15,510
13,900
2,245
15,077
1,551
30,426
04,979
9,957
94,868
9 1 ,3 7 3
1 9 1 ,4 8 3
17,307
186,801
18,993
90 ,5 1 0
2,673
4,8 3 0
72 ,2 1 7
72,945
d ef.2 2 7
58,412
565,572
121,051
84,258
2 0 6 ,6 9 0
78,951
d ef.6 ,4 4 5
10,108

a N et e a rn in g s h e re g iv e n a r e a ft e r d e d u c tin g t a x e s ,
b N et e a rn in g s h e re g iv e n a re b e fo r e d e d u c tin g ta x e s ,
c E arnings fo r D ecem ber, 1900, In clu d ed an unu su al item o f $1,591
w h ich d oes n o t a p p ea r in 1901.
t Strike o f e m p loyes d u rin g O otober, 1901.

In terest Charges and Surplus.—The following S treet
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., w ith the
surplus or deficit above or below those charges.
.

ln t.,re n ta ist eic .— » —JSai.of Net N a m ’ s.—
Previous
Current
Current Previous
Year.
Year.
Year.
Year,
$
$
$
$

S o«4 *.
C entral C rosst’n (N . Y .) —
Previous
O c t 1 to
D ec. 3 1 . . . .26,979
Year.
J u ly 1 to
D ec. 3 1 . . . .53,369
$
1,4 0 4
C L& C hag. F. E le c ..N o v .
c 6,985
12,642
Jan- .! to N ov. 30 —
31,397 C lev. & E a ste rn — N ov.
3,479
81,203
39,132
Jan. 1 to N ov. 3 0 . . . .
23 ,2 5 4 C levelan d E le c tr ic . Jan.
21,775
169,313 C oney Isl. & Rr’klyn~6,104
Oct. 1 to
D ec. 31 . . .69,834
6 5 ,2 6 4
Ju ly 1 to
D ec. 8 1 . .1. .40,835
4,3 0 2 Cons. T rac. (P ittsb .)N ov ,
62,649
507,474
A pr, 1 to N ov. 3 0 ___
3 05,458
2 ,235,905
33,026
i,'en v'r C ity T ram w . Jam
95,302
InternatT Tr. (B ull.) Dec.
43 ,1 0 3
5 96,835
J u ly 1 to D ec. 8 1 . . . .
82,209 L o n d o n Street R y ..D e c .
1,859
2,5 9 3
2 3 ,8 3 *
Jan. 1 to D ec. 3 1 ----1,042 L yn ch bu rg (Y a.) T ra ctio n
«£> L igh t—
1,315
18,750
M ay 1 to O c t 3 1 . . . .
14,552
15,185
2,5 0 6 M ontreal St. R y — D ec.
44,536
O c t 1 to D ec. 3 1 . . . .
24,781
6 7 ,4 6 9 R o ch e s ser R y .—
7 9 ,1 2 0
O c t 1 to D ec. 3 1 . . . .
4,3 6 3
153,981
Ju ly 1 to D ec. 3 1 . . . .
3 ,2 3 7
S acram ento E leotrle G as
9,725
<fc R a ilw a y C o.......D ec.
102,337
108,818
F eb. I t o D ec. 8 1 - . - .
33 3 ,3 6 7
South. BouJev’ d (N. Y .)~
128,957
4,490
Qet. 1 to Deo. 8 1 ......
1 ,0 6 4 ,2 2 0
S yracuse R a p id T r,—
51,521
57,075
O c t 1 to D ec. 31 —
9 3 ,3 4 2 T a co m a R y . & P .—
69,730
Jan. l to D ec. 8 1 ___
10,504 T a rrv t’u W hite PI. & M .—
4,2 2 6
O o t 1 to Deo. 3 1 . . . .
9,484 T o le d o R ys. & L’ h t —
355,107
Jan. 1 to Deo. 8 1 . . . .
8 1 ,4 7 0
76,016
T w in City R a p . T r...Jam

------ dross N arm n gs ,— -» ,------N et N a m in g *.—

Moa&a,
A lto n R y . Gas &. E l.D ee.

C urrent
Y ear „

£
12,567
71,543

Previous

T ear.
S
*12,293
62 ,0 0 7

Ju ly l to Bern 3 1 . . . .
A m e r. L igh t & T rae.B ee.
,
A m erica® t o f t s 'y s .N o v .
J u ly ' l k T N ov . 3 9 ___
18,031
15,772
A u g u sta R y . & E ie e .O e t
157,049
1 6 9 ,9 5 0
Jan. I t o O c t 3 1 . - . .
15,169
B in g h am ton B S .b . Jam
13 ,36 7
B rooklyn. R ap. T r .a D ec. 1,035,525
9 7 8 ,0 2 6
Ju ly 1 to D ec. 3 1 - .. 6 ,534,045 6 ,137,956
C en tra l C rosst’n (N. Y,)fo13 4 ,1 0 6
1 21,597
O c t l to D ec. 3 1 ___
2 5 2 ,6 7 4
2 41,825
J u ly 1 to D ec. 3 1 ___
8,232
O hio. & M ilw , E le c.J a n .
1 0,954
3 ,3 6 2
C ity E le c(R o m e ,G a ) Jam
8 ,3 8 0
4,8 0 5
C1.& Chag. F. B le c .a N o v
4 ,2 2 7
45 ,1 5 2
Jan. 1 to N ov. 3 0 . . . .
48,670
O lev. & E a ste rn .a . .N ov,
7,753
5,591
Jan. i to N ov. 3 0 . . . .
57 ,7 2 2
82,916
C lev ela n d E le c .a ... Jam
1 8 8 ,0 8 2
1 6 6 ,7 3 2
Clev. E ly ria & W est. Jam
1 8 ,7 6 0
15,183
0 1ev .P aln esv .& E .aJam
8,674
10,201
C on ey IsL & B r’k ly m b —
O o t i t o Deo. 3 1 . . . .
3 0 4 ,8 5 5
308,218
July I t o Deo. 3 1 . . . .
7 9 7 ,2 8 4
7 94,281
C o n s .T r jP itt s b .h b .N o v .
2 60,839
2 3 5 ,5 4 5
Apr. I t o N ov. 3 0 . . . . 2 ,114,267 1 ,968,391
Denv. C ity Tr’ mw.bJam
119,703
10 8 ,4 1 2
254,687
21 8 ,76 1
Detroit U nlted.a.-.Jan.
2 9 ,9 9 3
Sapid Railway.a.Jam
88,678
Doluth-Pup. T r a o ..O c t
37 ,1 1 6
3 7 3 ,9 4 5
Jam 1 to O o t 3 1 . . . .
2 9 ,0 7 5
20 ,5 9 9
Elgin Aurora & 8 o ... Jam
2 2 2 ,1 4 3
255,706
June 1 to Jam 3 1 . . .
10,508
Galveston City Ry..Deo.

C urrent
Year,
%

5,806
35 ,3 4 2
95 ,5 0 3
29,613
187,889
8,019
67,671
4 ,5 7 0
2 8 2 ,0 1 3
2 ,0 1 8 ,1 7 4
46 ,8 8 3
83 ,5 8 7
5,081
519
537
14,087
2,421
3 4,459
82,075
5,778
3 ,7 8 0
1 03,674
3 31,193
1 40,624
1 ,109,557
55,419
1 0 6 ,9 1 4
1 1 ,1 9 0
16,155
1 6 4 ,8 7 0
10,738
11 6 ,7 2 0
2,2 6 3

*21,178
*32,973
d ef.867
1,445
def.1,058
d ef.4,673
60,300

*17,603
*31,023
d ef.101
2,230
d ef .791
d ef.6 ,0 8 4
48,493

*35,144
67,151
230,658
*191,958
t l0 7 ,7 2 3
63,050
497,801
1832,703
31,372
22,393
*525
82,55S
488,045 *1,056,613
4,808
1,682
21,623
33,454

*39,526
*110,408
193,902
t?9 2 ,2 8 5
20,149
*32,975
*305,012
4,037
17,414

9,220
28,017

14,546
3 7 ,4 0 4
147,326

42,631
148,707

74,132
140,508

*44,831
*90,568

*18,809
*48,271

8,937
98,289

12,981
103,527

8,3 8 0
88,512

3,824

d e f, 1,729

def. 1,151

55,895

*24,466

*17,863

65,269

52,567

17.676

4,220 *daf,-1,727

def. 4,4 48

819,510
163,723

*76,832
550.283

27,088
54,176
1,416
12,322
3,297
30,865
18,976

289 ,0 6 0
•70,820

THE CHRONICLE

F ebruary 2 2 , 1 9 0 2 .]

425
^0

National Lead (Jompany.

/----- In!.., Iieniau.etc. ----- - — Bat. o j Net B a r n ' s .

Hoads.

$

$

U nion R ailw ay. N. Y .—
Oot. 1 to Deo. 3 1 .. ..
Ju ly 1 to Deo. 31 —
U n itedT rao. ( P itts.)D eo.
W estch ester E le ctric—
Oot. 1 to Deo. 3 1 . . . .
Y onk ers R R .—
Oct. 1 to Deo. 3 1 . . . .

Ourrent
Year.

Previous
Year.

Current
Year.

$

$

34.444
70,475
54,294

34.971
70,513
54,292

Previous
Year.

*83.297
*107,650
12,059

‘ 60,274
*136,681
24,657

8,749

8,678 d ef.2 3 ,1 5 3 def.1 5 ,1 2 3

15,285

14,998 * d f.l2 ,6 3 7 *def.4,839

a R esults on R apid R a ilw a y are lnoluded from J u ly 1 on ly .
* A fter a llo w in g lo r o th e r in co m e r e c e iv e d .
t T hese figures ln olude oth er Incom e. A fte r d ed u ctin g $86,143 for
Interest on funded d ebt and d ividen d s on p re ferred stock In Nov.
1901, and $86,476 In 1900. th ere Is a surplus o f $ 2 1 ,5 mo this year,
against $7,426 last y ear. From A pril 1 to N ov. 30. 1901, the deduo
tJon fo r in terest and d ividen d s was $690 ,6 4 4 , a gain st $ 6 92,096 in
1800. l e a v ln g a su rp lu s o f $ 1 4 2,059 this y ea r, a gain st $ 1 0 0 ,1 8 9 last
year
* In olu des p rop ortion o f p referred stook d ividen d.

ANNUAL

R E P O R T S.

Annual Reports.—The following is an index to all annual
reports of steiin railroads, street railways and miscellaneous
companies which have been published since the last editions
of the I nvestors’ and Street R a ilw a y Supplements ,
This index does not include reports in to-day’s C hronicle .
R a i l r o a d s , E tc .—
P a ge.
A m e r ic a n D ist. T e l. C o . o f N . Y . . . . 203
A m e r i c a n H i d e & L e a t h e r ................. 2 3 6
A m e r i c a n S t r a w b o a r d ......................... 376

A t c b . T o p . & S a n ta F e (6 m o s .).. .
B a lt . & O h io (a p p lic . t o lis t P „ L .
E . & W . V a . s y s t e m r e f . b o n d s )..
C a m b r ia S te e l
m o s . ) . . .................
C h ic a g o P e o r ia & S t. L o u i s .............

823
883
324
323

R a i l r o a d s , E m —(Con.)—

P a ge.

N i l e s -B e m e n t -P o n d C o .........................825
P ere M a rq u e tte R R
322
P e o p l e ’ s G a s L ig h t & C o k e ................. 876
P it t s b u r g C o a l............................................. 378
Q u in c y M in in g ............................................. 3 ' 6
R e p u b lic L o n & S t e e l........................... 825
P re sse d S te e l C ar..................................... 208
U . S. S te e l C o r p o r a tio n .............. 285, 272

Choctaw Oklahama & G ulf............. 203
C o n s o lid a t e d G a s C o . o f N . Y ........ 285
D e l a w a r e & H u d s o n ............ ..—

285

D ia m o n d M a t c h . ..........................
324
D is t illin g C o . o f A m e r ic a ................... 32 t
E le c t r ic C o. o f A m e r i c a ..................... 325
G e n e r a l C h e m i c a l .................................

3 25

K n ic k e r b o c k e r I c e C o. o f C h ic a g o . 375

Lehigh Valley..................................... 203
M o n o n g a b e la R iv e r C o n s o lid a t e d
C oal & C o k e .......................................... 265

St r e e t R a i l w

ays—

P a ge.

L a k e S t. E le v a t e d R R „ C h i c a g o ...
D e tr o it U n i t e d R y ...................................
N o r th w e s t e r n E le v . R R , C h ic a g o .
S o u th S id e E le v a t e d R R ., C h ic a g o .
T o r o n to K y ...................................................
T w in C ity R a p id T r a n s i t ....................
U n ite d P o w e r & T r a n s p o r t a t ’n C o .

285
323
375
375
265
323
377

Gulf & Ship Island Railroad Company.
( Balance Sheet o f Oct. 31, 1901.)

The following balance sheet is given o u t :
B ALA N C E SH E E T OCT.

Assets _

31, 1901.

f Report for the year ending Dec. 31, 1901.)

President L. A. Cole says in subniance :
General. Results .—‘ ‘ The net earnings for the year were
$1,112,140, out of which dividends aggregating $1,043,280
were paid and the sum of $08,H(10 credited to “ surplus
account,” which now amounts to $ 1.277,808, and iB actively
employed aa working capital. It will be noticed fiom the
comparative statement that both assets and liabilities have
been reduced, and that ‘ notes pavable’ now amount to but
1 8 0 0 .0 0 0 , as against $1,835,000 when last reported.
The net
earnings would have been larger had we not written off a
considerable sum from the cost of raw materials, reducing
them to current market values.
“ Aggregate business increased in both tonnage and profit
over the preceding year, and w li'le competition continues
active, it is not destructive ot profit to economically admin­
istered concerns. In pursuance of our policy to maintain
the physical condition of properties at a high standard,
operating expenses were charged with $208,169, of which
$89,706 was for new work and $118,463 for current repairs.
Growth in Ten Years .— “ With the year just closed a decade
of corporate life is complete i. A brief review shows :
‘ ‘ The net earnings fo r th e ten years w ere $ 1 3 ,3 4 0 ,2 3 9 , o f w h ich
$11,774,286 w as p a id ou t in d ividen d s. $ 29 8 ,1 4 6 w as ch a rg ed o 11 fo r
‘ d ep re cia tio n ’ in 1896, and the rem ainder o f $ i,2 7 7 ,0 s 8 rem ain s in
the form o f surplus a cc o u n t.’ T he to n n a g e o f m an u factu red p rod ­
u cts in 1901 e x ce e d e d that o f 1892 by 23-44 p er cent. D u rin g the
same p eriod $ i ,553,645 w as exp en d ed in th e m aintenan ce and rep a ir
o f properties, a ll o f w h ich was ch a rged to op era tin g exp en ses. T he
co st o f m an u factu re an d adm inistration has been sensibly red u ced
and th e standard o f q u a lity im p ro v e d . N um bers o f n ew p rocesses fo r
m aking w hite lead h ave been paten ted and p resen ted fo r ou r co n sid ­
eration, and w h ile ea ch has been e x h a u stiv ely exam ined, it is ou r
ju d g m en t that n o m ethod has y e t been p rop osed o r p erfected the
p ro d u ct o f w hich is com p a ra b le In q u a lity to that m a le by th e ‘ O ld
D utch P rocess,’ w h ich w e con tin u e to use. O ur g row th has been
substantial; n ew p rop erties h a v e been b ou g h t, and all are In better
con d ition than w hen a cq u ire d ; u sefu l and p rofita b le lines o f m an u ­
facture h ave been added, its tra d e has b een con served , p ro te cte d and
exten d ed , and com p e titio n has been m et as it d ev e lo p e d ”

Statistics.— Result for four years and the balance sheets
were as follows.
1901.
$
1,112 ,1 4 0

1900,
$
1,076,441

1899.
$
1,373,906

1898.
$
1,241,839

1,043,280
149,054

1,043,280
149,054

1,043,280
149,054

1 ,192.334
T o t a l.................. . 1,043,280
6-},860 d ef.115,893
S u rplu s..................
P reviou s su rplu s....... 1,208.948
1,324,841

1,192,334
181,572
1,143,269

1,192,334
48,505
1,093,764

R em ain in g su rp lu s.. 1,277,808

1,324,841

1,143,269

N et e a r n in g s ............
Deduet —
D ivid en d on p re f....... 1,043,280
D ividend on c o m ,___

Liabilities—

R o a d and e q u ip m e n t..$7,76 9 ,5 8 1
M aterial and su p p lies..
12,740
Cash
............................
1 8,624
Cash In tra n sit...............
24 ,5 4 0
D u e from a g en ts...........
1 8,943
D u e from U. 8 P. O . . . .
916
Due from road s, in d i­
viduals and co m p ’ies.
12,886
A ccru e d in su ran ee.......
2,3 3 6
B ills r e ce iv ’ ble secu red
263,000
T ota l assets.............$8,123,568

C apital s to c k .................. $ 5 ,0 0 0 ,0 0 0
F un ded d e b t........ 2,750,000
U n paid w a g e s ......
64.675
M is ce lla n e o u s......
743
A coou u ts p a y a b le ..........
141,823
B ills p a y a b le ...... ............
64,947
Accrued" ta x e s ......
44,873
P e n d in g lltig a tio n (esti­
m a te d ).................
25,000
P rofit and lo s s —surplus
31,507
T o ta l lia b ilitie s.___$8,12 3 ,5 6 8

Of the 469,852 tons of freight carried during the year ended
June 30,1901, forest products contributed 365,454. President
J, T. Jones sa ys:
E xp erts’ estim ates o f th e du ration o f the first g ro w th lo n g le a f pine
d irectly tribu tary to tne roa d at the presen t ra te o f cu ttin g ra n ge from
30 to 50 years. This traffic is su p p lem en ted and u ltim a tely w ill be
su cceeded in the com p a n y ’ s fre ig h t business b y p ro d u cts o f a g ricu l­
tu re, o f lo ca l and rem oter m a n u fa ctu res and o f co m m erce on the G ulf
o f M e x ico (and ad d ition al business w ill be d e v e lo p e d b y th e p o rt. The
region is h igh ly p rosperou s, Is in crea sin g in p o p u la tio n and has an a s ­
sured fu tu re.— V. 7 4 ,'p. 378.

Milwaukee Electric Railway & Light Company.
(Statement for year ended Dec. 31, 1901.)

The results for three years past compare as follows;
Calendar yea r—
G ross, ra ilw a y .............................
L ighting, e t c ................................

1901.
$2,032,208
3 8 5 ,2 2 6

1900.
$1,85 0 ,0 8 6
3 5 4 ,4 5 0

1899.
$1,668,963
327,643

G ross earn in g s............................
O perating e x p e n se s...................

$2,417,434
1,185,534

$2,20 4 ,5 3 6
1,129,786

$1,996,606
1,026,403

N et ea rn in g s............................. $ 1 ,2 3 1 ,9 0 0
O ther in co m e ................................
2 4,907

$ 1 ,0 7 4 ,7 5 0
1 6 ,1 6 2

$ 9 7 0,203
10,533

T ota l net In com e...................... $1,256,807

$1,09 0 ,9 1 2

$980,736

Deduct—

T a x e s ..............................................
$ 1 02,740
$ 87,451
$82,497
In terest..............................................
41 0 ,6 5 4
4 1 3 ,2 1 3
401,185
Sinking fu n d ................................
.............
...........
120.000
D ep recia tion .....................................
241,743
8 24,000
204 000
D ividend on p r e f........................ (6% ) 267,431 (6% )210,000 (I V /o ) 52,600
T otal d ed u ction s...................... $1,02 2 ,5 6 8
234,238
B alan ce sn rp lu s...........................

$1,034,664
$ 5 6 ,2 4 7

$860,182
$120,554

The Milwaukee Light Heat & Traction Co. reports:
1901.
T otal receip ts o f ra ilw a y .................... $264,122
“
“ from electrlo lightin g, etc.. 61,108

1900.
$ 2 38,836
53,926

1899.
$170,545
20,571

T otal gross re ce ip ts........................... $325,230
O peratin g e x p e n se s.............................. 196,439
J 96,439

$ 2 9 2,762
191,716

$ 1 9 1 ,1 1 0
1 82,124

N et ea rn in g s.......................................... $128,791
$128,791
In terest psfd on b on d s........................
95,376
T a x es, e tc .........................................
7,317

$ 1 01,046
86,807
5,477

$ 58,992
50,000
4,304

$8,702

$4,628

Balance, surplus...................

- V . 73, p. 1313.

$20,098

1,208,948

GENERAL BALANCE SHEET DEC. 3 1 .

1901.
1900.
1899.
^
35
P lan t in v e stm e n t....2 3 ,4 7 1 ,0 1 0 2 3 ,4 7 9 ,6 3 1 23,4767974
O ther in v e stm e n ts...
1 ,2 2 7 ,4 2 4 1,230,521
587,911
Stook on h a n d............ 5 ,2 1 3 ,7 0 7
5 ,682,718
5,122,761
1 90,600
19 0 ,600
190,600
T reasury s to c k ...........
Cash in ban k s.............
2 74,435
7 2 4 ,2 2 6
313,116
N otes r e c e iv a b le .......
1 70,494
1 8 1 ,386
198,619
A ccou n ts re ce iv a b le . 1,603,149
1 ,5 7 6 ,875
1,461,246

1898.
$
2 3,478,584
230,990
4,9 4 1 ,0 5 9
190,600
555,061
218,333
1,578,679

T o t a l . ......................32,150,818

3 3 ,0 6 5 ,9 5 7

31,351,225 31,193,305

Com m on s to c k ............ 15,00 0 ,0 0 0
P referred sto o k ...........15,000,000
Surplus D eo. 3 1 .......... 1,277,808
M ortg a g es..............
12,603
A e o o u m s p a y a b le ...
6 0,407
N otes p a y a b le ...........
8 00,000

15,00 0 ,000
1 5 ,0 0 0 ,000
1,208,948
12,603
9,406
1 ,835,000

15,000,000 15,000,000
15,0 0 0 ,0 0 0 15,000,000
1,324,841
1,143,269
12,603
12,603
13,781
37,433
.............
.............

Liabilities “ ■

T o t a l......................32,150,818
- V . 72, p. 390

3 3 ,0 6 5 ,957

31,351,225

31,193,305

National Biscuit Co.
( Report f o r the year ended Dec. 31, 1901.)

Chairman A. W . Green says in substance:
W hen the co m p a n y started it w as b eliev ed th at w e m ust co n tro l
com p etition , and that to d o th is w e m ust either fight o r b u y it T he
first m eant a ru in ou s w a r o f p rices, the seoon d con sta n tly in crea sin g
cap ita liza tion . E x p e rie n ce soon p ro v e d to us th a t in stead o f brin g in g
sneoess, either o f these cou rses, if p ersevered in, m u st brin g disaster.
This led ns to ask ou rselves w hether the com p a n y , to su cceed , m ust
n o t be m an aged like a n y oth er large m ercan tile business. W e soon
deoided that w ithin th e co m p a n y Itself w e m u st lo o k fo r su ccess.
W e turned ou r atten tion and b e n t ou r en ergies to Im p rovin g the In­
ternal m anagem ent, to g e ttin g the fu ll ben efit from p u rch asin g o u r
ra w m aterials In large qu antities, to e con om izin g ihe ex p en se o f m an­
u factu re, to system a tizin g our sellin g departm en t, and, a b o v e all
things, to im p rovin g the q u a lity o f ou r g o o d s. I t beoam e the settled
p olicy o f this com p a n y to buy o u t n o com p etition , and to th a t p o licy ,
sin ce it w as adop ted , w e h ave steadfastly adhered an d e x p e c t to a d ­
here to th e end.
T he p a st yea r has su cce ssfu lly d em on strated th e soundness o f th e
p olloy w e h ave ad op ted fo r the m an agem en t o f this oom p an y. There
are m ore oonoerns strivin g fo r business than th ere w ere a t th e co m ­
m en cem en t o f last y ea r, j e t ou r sales h ave Increased $2,185,975, bein g
6 p er cen t in crease o v e r the p reced in g year, m u ch m ore than th e p er­
cen ta ge o f inorease In p opulation. Our profits fo r th e year h ave In­
creased o v e r the previou s year $352,089. Our p eroen tage o f p rofit to
sales bas in creased 39-100 o f 1 per cen t. T he m argin betw een the
prices o f raw m aterial and prioes o b ta in ed fo r o u r g ood s has been
gen erally less than during the p reced in g year, but ou r sales h av e in ­
creased, and the eoonom les we h ave In trod u ced in to ou r business have
b rou gh t b etter and qu ick er resu lts than we ou rselves a n ticip ated .

Operations .—The operations were as follows:
1901-02.
190001.
1899-00. 1898-99.
$
$
$
Hales to Jan 31,inol....3 8 ,6 2 5 ,1 3 5 36,439,160 3 5,051,898 34,913,891
N et profit to Jan. 31,lno. 3 ,«7 0 ,4 4 5 3 ,318,355
3,302,155 3,292.143
P. c. o f profit to sa les___
9 50
911
9-2ti
9-43
‘ D iv id e n d s ......................... 2,837,197 2,843,651 2,232,326 1,2 1 4 ,5 0 0
Surplus.........................
8 33,248
4 7 4 ,7 0 1 1,069 829 2,077,643
* o n preferred paid 5*4 P- o. in 1898, 7 p. o. In 1899, 1900 and 1901;
on com m on, p a id 1 p. o. O ct., 1899, 4 p. o. In 1900 and 1901; Jan . 15,
1902, 1 p. c.

42(5

IHE
1904.

[Mali!:- nja-1 u n its ,

I

1901.

*

e t c .____ ______ 60,935,SH2 *0,807,711
Gusa
........... 1.705,7(53 1,633,8:54
Stocks A aeoarUies
a;i-i,8n8
700,080
Ace. raoelviUj’e . . 3,004,804 3,503,4*0
Supplies & finished
,'tu d u . :.s. etc . . . 3,741,747

fvitai..

3,0*7,014

. ___00,800,133 58,873,303

V 72, i 300.

GENERAL

OHRONIOLK

1903.
100 U
L ia b ilities —
(s
$
8 took » r c f..............23,875,100 83,836,100
Stank, eomuuni . ..80,830.000 80,886,000
Bonds sail mtgiss.
assumed
. .. 1,578,000 1,080,000
Accounts payable
» aoorueu U t
. 507,603
609,991
Aeon lmUat’d c a m W tfi.less U iV3.... 4,455,125 3,622,177
T o ta l..............69,000,133 58,373,*68

IN V E S T M E N T

NEW S.

R A IL R O A D S , INCLUDING STREET ROADS.
A u stin ( T e x ,) R a p id T r a n s it R y, - -Foreclosure.— A de­
cree o f foreclosure has been entered in the Federal C ourt in
the case o f the International T rust Co. o f N ew Y ork against
the com p an y .—V . 70, p. 1248
B irm in g h a m ( A la .) R a ilw a y , L ig h t & P o w e r Co . —Bonds
Offered.— Ladenburg, T halm ann & C o., havin g sold a large
part o f the present issue o f fd ,750,000 first con solidated m ort­
gage 5 per cent bonds, dated J u ly 1, 1901, and due J u ly 1,
1951 (o r on call after five years at 110), o w n and offer as a
safe investm ent the unsold balance at 101 and interest.
President Jem ison in a letter to the firm says ia substance:
Tire c o m p a n y is a c o n so lid a tio n o f tlie B irm in g h a m G a s C o ., C o n s o li­
d ated E lectric L igh t Co. an d the B irm in g h a m R a ilw a y , L ig h t & P ow e r
Co. T h e fran ch ises are p e rp e tu a l an d as th e n e w C o n stitu tio n ot A la ­
b a m a lim its fran ch ises to 3 0 y e a rs, ou r p e rp e tu a l rig h ts are e x c e e d in g ly
va lu a b le .
T h e c o m p a n y se rv e s a p o p u la tio n e stim a te d at m ore th a n
.
O, and its r a ilw a y s y s te m p r a c tic a lly c o v e rs th e e n tire c o u n ty ,
In clu d in g te a c ities an d to w n s.
T h e au th orised b o n d Issu e Is $ 6 ,0 0 0 ,0 0 0 , $ 3 ,7 5 0 ,0 0 0 o f w h ic h a r e a t
p re s e n t o u tsta n d in g a n d $ 1 ,2 5 0 OOO h e ld b y th e tru stee to retire an
e q u a l am ou n t o f first m o rtg a g e b on d s o f th e old B irm in g h a m R a ilw a y
A E le c tric C o
T h e b a la n c e , $ 1 ,0 0 0 ,0 0 0 , can o n ly b e used fo r e x te n ­
sio n s and Im p ro v e m e n ts to th e a m o u n t o f 7 5 p e r c e n t o f th e ir a c tu a l
cash c o st, th e c o m p a n y p ro v id in g th e re m a in in g 2 5 p e r c e n t. T h e
b o n d s offered are a first m o r tg a g e o n a ll p ro p e rty n o w o w n e d or h e re ­
after a c q u ired , e x c e p t o n a b o u t o n e -h a lf o f th e stre e t-r a ilw a y m ile a g e ,
w h ic h Is c o v e red b y th e a b o v e -m e n tio n e d m o r tg a g e , to re d e e m w hioh
b o n d s o f th is issu e are re se rv e d . E a r n in g s o f th e c o n so lid a te d c o m p ­
an ies w e re a s fo llo w s:
.------- Calendar Y ear — -> H a lf-yea r end.
1900.
1901.
D ec. 1 ,1 9 0 1 .
$ 9 3 1 ,5 3 9
$ 4 8 4 ,0 1 9
G r o s s e a r n i n g s ... ............................... $ 7 9 3 ,0 1 4
O p e r a tin g e x p e n s e s ......................... .. 4 5 1 ,0 5 9
4 8 8 ,2 0 6
2 4 6 ,8 9 8

120 00

N e t e a r n i n g s . . . . . . . .......................$ 3 4 1 ,9 5 5
$ 4 4 3 ,3 3 2
$ 2 3 7 ,1 2 1
In t e r e s t an d fix e d c h a r g e s ..................... .................... ......... .......................... 1 3 3 ,2 9 5
S u rp lu s fo r s ix m o n th s a p p lic a b le to d iv id e n d on s t o c k ........... $ 1 0 3 ,8 2 6
S in ce th e co n so lid a tio n th e c o m p a n y h a s p aid d iv id e n d s on its p r e ­
fe rre d sto c k a t th e r a te o f 6 p er c e n t p e r a n n u m .
T h e e x te n siv e im p ro v e m e n ts o n th e p ro p e rty n o w b e in g m a d e an d
fo r w h ic h th e c a sh is p ro v id e d fr o m th e p ro ce e d s o f p a r t or th is issu e
o f b o n d s it is e x p e c te d b y th e c o m p a n y w ill In crea se its g ro ss in co m e
to $ 1 ,1 0 0 ,0 0 0 f o r the c u rr e n t y e a r an d Its n e t e a rn in g s to b e tw e e n
$ 4 5 0 ,0 0 0 and $ 5 0 0 ,0 0 0 .—Y . 7 3 , p . 1 3 5 6 .

B oston S u b u rb a n E le c tr ic C om p a n ies.— C on trol— The
con trol o f the W alth a m Gas L ig h t Co., it is stated, was ac
qu ired on the basis o f tw o shares o f p referred and one-half
of com m on o f the B oston Suburban Co. fo r each share o f
W alth am Gas stock , The plant o f the W a lth a m C om pany
supplies electricity as w ell as gas, and w ill be used as a
p ow er station in con nection w ith the trolley lines,— Y . 74,
p, 377.
B u r lin g t o n C oun ty (N . J .) T r a c tio n C o.—Successor Coma n y.— This com p an y w as recen tly incorporated in N e w
erssy w ith $225,000 au th orized ca p ita l stock , to take ov e r
the franchises and property o f the Mt. H olly Street Passenger
R y . and to extend the road to a con n ection w ith the Camden
& Suburban R y . at M oorestow n. The officers are :

f

P re sid e n t, I A . S w e ig a rd ; V ic e-P resid en t, G e o r g e B r o c k ; S e c re ta r y ,
J o h n G . G ilb e r t; T re a su re r, G e o rg e S. S chaeffer. D ir e c t o r s : D r . W i l ­
lia m O. P a r r y , A lb e r t H a in e s, E d w a rd B J o n e s , G e o rg e B ro c k , C la r­
en ce H . P o lh e m n s, I . A . S w e ig a rd , D r. E . I . R e e d , D a n ie l O. L e w is ,
J o h n J . M e C lo sk ey , C h arles W . A tm ore, C h a rle s H . B u r r J r ., G e o rg e
8 . Schaeffer an d J o h n S. G ilb e r t.

C anada A tla n tic R j .— Meeting March 11.—A special m eet­
in g o f the shareholders has been ca lled fo r M arch 11, on
w h ich occasion the proposed sale o f the road , it is supposed,
w ill be discu ssed.— Y . 74, p. 204,
C anadian P a c ific R y .— Option to Subscribe E xpires.—The
righ t o f the shareholders to subscribe to th e $19,500,000 new
stock , m entioned last w eek, w ill expire A p ril 29.— V . 74, p. 378.
C h icago B u r lin g to n & Q u in cy.— Purchase — Sea Kansas
C ity Peoria & C hicago R y . b elow ,— V. 74, p, 204, 41.
C h icag o C ity R y .— R eport. —The results fo r the year 1901
com pare as fo llo w s :
F e a r— Cross.
1 9 0 1 ... $ 5 , 9 0 0 ,2 7 1
1 9 0 0 . . . 5 ,5 4 3 ,1 8 0

Net.
* $ 1 ,8 5 1 ,0 9 8
1 ,8 8 8 ,1 7 8

Interest.

D ividends.

$ 1 0 8 ,9 3 8 ( 1 2 ) $ 1 ,6 2 0 ,0 0 0
2 0 7 ,8 7 7 (1 2 ) 1 ,5 7 5 ,0 0 0

Surplus.
$ 1 2 7 ,1 5 9
1 0 5 ,3 0 1

* A f t e r d e d u c tin g $ 1 8 0 ,0 0 0 fo r d e p re c ia tio n .— V . 7 3 , p . 4 4 4 .

C h ica g o M ilw a u k e e & St. P a u l R y .— Improvements.— W e
are in form ed that the im provem ents planned fo r this year
w ill cost ov er $5,000,000, n ew b rid ges alone in v o lv in g an e x ­
penditure o f $1,000,000. T h e new stru ctu re over the Missis­
sippi at L a Crosse, W is.,, w ill be p ra ctica lly three bridges in
one. It w ill have a tota l length o f over 3,000 feet. The K a n ­
sas C ity cu t-o ff also w ill have eigh t n ew bridges. The
division from M ilw a u k ee to L a Crosse, 197 m iles, is to be
dou ble tracked, at a cost o f about $2,509,000. T h e rem aining
120 m iles, betw een C h ica go & St. P aul w ill also eventually
b e m ade double track.
No Stock B ights, —It is au th oritatively stated that the re ­
port o f stock righ ts sh ortly to be announced is w ith ou t
fou n d ation , there being no occasion fo r any fu rth er stock
increase.

[V o u

I.X X I V

Milwaukee & Minnesota Suit.—See that com pany b elow .—
V . 74, p. 378.
C h ica go Rock Isla n d & P a c ific R y ,— Purchase.—See
Kansas City Peoria & C h icago R y. b elow .— V. 74, p, 378, 267
C in cin n a ti N ew p ort & C o v in g to n ( E le c t r ic ) K y .—A m aL
gamation ,— A n agreem ent has been rea ch ed fo r an am alga­
mation o f the interests o f this com pan y w ith those o f the
U nion1 L igh t, Heat & P o w e r Co. (Y . 73, p. 894), con trolled
by the N orth A m erica n Co. o f this city . T o ca rry out the
plan a stock-h oldin g com p a n y w ill sh ortly be in corporated—
probably in N ew J ersey— with $10,000,009 o f authorized ca p ­
ital stock , o f w hich one-half w ill be preferred, this last to he
entitled, it is Btated, to .dividends at the rate of 4 or
per
cent per annum. P ending the preparation o f official c ircu ­
lars, those in interest decline to give ou t in form ation re­
specting the transaction. It is unofficially reported, h o w ­
ever, that the new organ ization w ill be k now n as the C in­
cinnati N ew p ort & C ovin gton L ig h t & T raction Co.— Y. 74,
p. 326.
C lev ela n d E le c tr ic Ity . —Sale.— The bankers’ com m ittee
o f the E verett-M oore syndicate yesterday announced that
the negotiations fo r the sale o f the E verett-M oore holdin gs in
the com pany to a syndicate headed by H ora ce P . A ndrew s at
$80 per share had been p ractically closed. M r. A n d re ws and
his associates are large holders o f stock in the C leveland C ity
R ailw ay and it is understood are con tem p latin g a con solid a ­
tion o f the tw o properties.—V . 74, p. 378, 250.
C olu m bu s L im a & M ilw a u k e e R R .— Sale March 22.—1T he
foreclosu re s*le is reported as set fo r M arch 22 at Defiance.
—V , 74, p. 378.
Connecticut R y, & Lighting Co.—Purchase.—The U n ited
Gas & Im provem ent Co. has purchased con trol o f th e M eri­
den Southington & C om pounce T ram w ay C o., and it is be­
lieved w ill tran sfer its interest to this com p an y, w h ich
it already con trolled. T h e n ew officers o f the T ram w ay
com pany a r e : President, W a lto n C la r k ; Y ice-P resid en t,
A. M. Y o u n g ; Secretary and Treasurer, L ew is L illie .— V . 73,
p. 842, 852.
D en v er C ity Tramway Co.— Negotiations.— G rant Schley
o f M oore & Schley o f this city has recen tly been iu D enver
look in g in to the con d ition o f this property fo r an Eastern
syndicate, w h ich m ay perhaps b u y con trol. — Y. 72, p. 872.
E ast St. L o u is E le c tr ic R R .— S a le—E, W . Clark & Co. o f
Philadelphia are understood to have definitely arranged fo r
the purchase o f this road and the other East St, L ouis electric
lin es.—V . 69, p. 179.
E u re k a & P a lis a d e R y .— Successor Company.— This c o m ­
pany on F eb. 1 su cceeded to the p rop erty o f the E ureka &
Palisade R R ., w h ich was sold at p u b lic au ction last J u ly and
bid in for $300,000 b y C. H . A b b o tt. The d irectors are: M,
L. Reqna, P resident; H , H . T aylor, H. M. J. M cM ich ael, C.
Read and C. L . R ood,
G rea t N orth ern R y . of Canada. — Negotiations. —N egotia­
tions fo r the sale o f this road to the St. L aw ren ce & A d iro n ­
dack R R . Co. are said to be pending.— Y . 74, p, 287.
G u lf & S h ip Is la n d R R .— B onds Offered— F isk & R o b in ­
son, h avin g sold $1,750,000 o f the com pan y’s present issue o f
$3,750,000 1st m ortgage refu n d in g and term inal 5 per cen t 50year g o ld bonds, offer b y advertisem ent on another page the
rem aining $1,000,000 at 104% and interest. These bonds are
issued fo r the purpose o f refu n d in g the bonded indebtedness
o f the com pan y as it has h eretofore existed. The N ew Y o r k
Security & Trust Co. is m ortga ge trustee, President J. T ,
Jones, in a letter to the bankers, says:
T lie m a in lin e , 1 6 0 m ile s in le n g th , e x te n d s fr o m G u lfp o r t, M is s ., on
M ississip p i Bound, G u lf o f M e x ic o , m id w a y b e tw e e n M ob ile an d N e w
O rle a n s, n o rth an d n o r th w e s t to J a c k s o n , th e S ta te c a p ita l; 'b ran ch es,
a g g r e g a tin g 9 3 m ile s , r e a c h im p o r ta n t p o in ts. E x c e p tio n a l fa c ilitie s
fo r th e in te rc h a n g e o f traffic a r e afforde'd b y th ree ra ti co n n e c tio n s—
th e Illin o is C e n tr a l, th e N e w O rle a n s & N o r th e a s te r n an d th e L o u is ­
v ille & N a s h v ille . U p o n th e co m p le tio n o f th e te r m in a ls a t G u lfp o rt
la rg e e x p o r t an d c o a s tw is e b u sin ess In lu m b e r , n a v a l sto r e s, g r a in an d
cotto n s h o u ld d e v e lo p , as w e ll as a c o n sid e ra b le im p o r t b u sin ess in
tro p ic a l fr u its an d m erch a n d ise .
. . .
T n e e a rn ia g s fo r th e y e a r e n d e d J u n e 3 0 , 1 9 0 1 , a n d th e fo u r m o n th s
e n d e d O c t. 3 1 , 1 9 0 1 , a re a s fo llo w s :

A v. Miles.

Gross.

O p.N x.& T as.

Net.

Y e a r en d ed J a n e 3 0 , 1 9 0 1 . . 2&0
$ 1 ,0 3 5 ,4 2 9
$ 8 0 2 ,5 5 5
$ 2 3 2 ,8 7 4
F o u r m o s. en d ed O c t. 3 1 ,’ 0 1 2 5 4
4 .3 6 ,4 0 0
3 1 6 .2 9 2
1 2 0 , 10S
W ith th e c o m p le tio n o f th e im p r o v e m e n ts to ro ad b ed an d stru ctu re s
n o w i u p r o c e s s .i t is e x p e c te d th a t th e p e rc e n ta g e o f op e ra tin g e x ­
p e n se s to g r o ss ea rn in g s can he m a te r ia lly re d u c e d a n d th e not e a r n ­
i n g s c o rre sp o n d in g ly in cre ase d . T h e in te re s t c h arge on th e p re se n t
issu e o f $ 2 ,7 5 t ,0 0 0 o f re fu n d in g b o n d s w ill b e $ 1 3 7 ,5 0 0 p er an n u m ,
o r $ 5 4 0 p er m ile , as a g a in st n e t e arn in g s a t th e race o f $ 1 ,4 2 2 p e r m ile
p e r an num in th e first fo u r m o n th s o f th e c u rr e n t fisc a l y e a r , an d as
a g a in st a v e r a g e n e t e a r n in g s , o f $ 1 , 0 0 1 p e r m ile p er a n n u m fo r the
la s t tw o y e a rs an d fo u r m o n th s . T h e c o m p a n y is fre e fr o m floating
d eb t.
_
.
...
.
T h e m o r tg a g e issu ed to secu re th e s e 5 0 -y e a r 5 p e r c e n t gold b o n d s
cove rs th e e n tire p r o p e r ty , in clu d in g te rm in a ls . T h e to ta l a u th orized
issu e is $ 5 ,0 0 0 ,0 0 .1 , o f w h io h a m o u n t $ 2 ,7 5 0 ,0 0 0 h a s b een issu ed to
re fu n d an d re a d ju st th e b ond ed d e b t a s h e re to fo re e x is tin g . O n ly
$ 3 o ,0 0 0 o f th e old b on d s re m a in s o u tsta n d in g . W ith th is e x c e p tio n
th e n e w 5 s are se cu re d b y an a b so lu te first m o rtg a g e lien. T h e b a la n c e
o f th e au th orize d issu e o f $ 5 ,0 0 0 ,0 0 0 is re se rv e d to c o m p le te the ter­
m in a ls Of th e ra ilr o a d o n th e G u lf o f M e x ic o a n d a t o th e r p o in ts, to
p a y fo r n e w e q u ip m e n t, an d fo r oth e r b e tte rm e n ts an d Im p ro v e m e n ts
a s req uired .

The bonds n ow issued are at the rate o f less than $11,Old'
per m ile; under the com p a n y’s charter the bonded debt ca n ­
n ot exceed $20,000 per m ile. A sinking; fu n d of 1 per cent
per annum has been arranged fo r , to begin to accru e from
Jan. 1, 1904, bonds to be bou g h t if obtainable at 110 and ac
crued interest or under, Bonds can not be called f o r payment
before m aturity. See also balance sheet on page 495 and V .
74, p. 878; V. 78, p. 1312.

F e b r u a r y 22, 1902.]

THE

427

C H R O N IC L E .

Interuationul Traction Co., Buffalo, Etc.— C o n so lid a tio n
w ith C on trolled L in e s ,— The following controlled companies
have been merged under the title of the International Ry.
Co., capital stock, $10,120,500, viz.:
B u H alo l t y ., B u ffa lo & N i a g a r a F a lla E l e c t r i c R y ., B u f f a lo Tona-

w a n d a & N i a g a r a F a lla E l e c t r i c U R ., N ia g a r a R a ils & H u e p o im lo n
B r i d g e R y ., B u lt'a lo & L o u k p o r t R y ., I .o o k p o r t & O l c o t t lt y . a n d t h e
N i a g a r a F a lls S u s p e n s io n B r i d g e C o .— V . 7 4 , p . 3 2 6 .

Interurban Street lty., N. Y .—In c r e a s e o f S to ck .—This
company, which is controlled by the Metropolitan Securi­
ties Co., and which will lease the Metropolitan Street Ry. of
this city, increased its capital stock on Feb. 15 from $500,000
to $20,000,000. The plan outlined last week (page 379) and
explained below, provides that the Metropolitan Securities
Co. shall pay into the treasury of the Interurban Company
$23,000,000 in cash as required by the terms of the plan, re
ceiving in return stock of the Interurban Company at par
and debentures bearing not over 4 per cent interest. Tnis
stock and these debentures will be held by the Metropolitan
Securities, and will not be issued to the public.
The Interurban Company was organized last November
(V. 73, p. 1264, 1160,) for the purpose of acquiring the follow
ing properties: The North Mount Vernon Street RR. Co., the
New York Westchester & Connecticut Traction Co., the Peo­
ple’s Traction Co. and the Westchester Electric Railway. The
only company in active business is the Mount Vernon, which
is operating about 4 miles of road, but the four companies
together have eighty miles of franchises in the Bronx and
adjacent territory. See V . 73, p. 1264, 1160.—V . 74, p. 879.
Kansas Peoria & Chicago Ry.—S o ld .— From an authori­
tative source we have confirmed the report tbat the road of
this company, successor of the Kansas City & Northern Con
necting, Qair cy Omaha & Kansas City and the Omaha
Kansas Ci y & Eastern, has been sold to the Chicago Bur
lington & Q lincy, The line extends from West Quincy
westerly to Pattonsburg, Mo., and thence southerly to Kan­
sas City, a total distance of 242 miles. As originally consti
tuted it included a branch from Trimble to Gower, Mo., 10%
miles, and trackage as follows: C. B. & Q., West Quincy,
Mo., to Quincy, III., 3 miles; Kansas City Suburban Belt RR.
(now Kansas City Southern), 4 miles, and Chic, Mil. & St.
Paul, 1% miles.
The portion of the line extending from Plattsburg, Mo.,
south to Kansas City, a distance of 46 miles, ha3 been sold by
the Chicago Burlington & Quincy to the Chicago Rock Isl
and & Pacific, which will take possession April 1, prox. The
Rock Island now reaches Kansas City over tne C. B. & Q.
from Cameron.— V. 74, p. 267.
Little Miami RR.— Old M o r tg a g e C a n celed .— 'The old mort­
gage of 1893 has teen canceled.— V. 72, p. 1080.
Los Angeles Franchises.— S a le.— The City Council of Los
Angeles on February 10 sold at auction three 40 year street
railway franchises
Representatives of the Pacific Electric
Co. and the Los Angeles Traction Co. were bidders, but the
franchises were knocked down to one, Eugene Murray, for
sums aggregating $450,500.
Mr. Murray is supposed by
some to represent Senator Clark and others interested in the
San Pedro Los Angeles & Salt Lake Ry.
Manhattan Ry.— Q u a r te r ly .— Earnings for the quarter and
the six months ending Dec. 81 were:
3 m os en d . d ross
I n te r e s t,
B a la n c e ,
N et
O ther
D ee. 31. e a r n in g s .
ta xes, etc..
su rp lu s.
ea rn in g s.
in com e.
1 9 0 1 ........ $2,837,148 $ 1 ,4 3 2 ,1 7 8 $ 2 0 1 ,2 8 7
$ 5 3 ,1 3 5
$8-10,329
1900
. 2 ,526,036
7 4 9 ,8 5 7
6 3 8 ,0 4 5
1,1 8 5 ,3 3 9
2 0 2 ,5 6 2
6 m on th s—
1901
.$ 4 ,930,425 $ 2 ,2 1 3 ,3 2 5 $ 3 9 2 ,5 7 4 $ 1 ,3 8 5 ,4 8 6 $ 1 ,2 2 0 ,4 1 3
1 ,838,229
3 9 4 ,9 2 4
1 9 0 0 ........ 4,4 1 5 ,6 3 7
1,376,781
8 5 6 ,3 7 2
Dividends of 1 per cent call for $480,000 quarterly.— V . 74,
p. 94, 41.
Maryland & Pennsylvania UR—M o r tg a g e R e d u ced .—
The necessary papers reducing the mortgage from $2,700,000
to $1,200,COO have been placed on record.— V . 74, p, 94.
Massachusetts Electric Companies.—G u a ra n teed S tock .—
See Newport & Fall River Street Ry. below.— V. 74, p. 268.

Meriden Southington & Compounce Tramway.—S old .—

See Connecticut Railway & Lighting Co. above.

Metropolitan Securities Co., New York.—Organized.—
This company, described last week under the heading Met­

ropolitan Street Ry., filed articles of incorporation at Albauy
on Feb 15, its authorized capital stock being $30,000 0 0 in
$100 shares. Thomas P. Fowler has been elected temporary
President.
President n . H. Vreeland of the Metropolitan Street Ry.
explains substantially a3 follows the plan by which the new
company is io assume control (of the property. The price
asked for the shares now offered is 130 andjaccrned divi­
dends, the par value of shares being $100 and the dividends
payaole Jan. 1 and July 1.
There never has berm the slightest idea of associating the Metropol
Itan with surface railroads In other cities. The plan is simply one of
development in and about the City of New York. It looks to present
needs and future possibilities. It confers upon Metropolitan stock
first, a wider market; second, the further development of the prop
erty, one half of Its mileage below 59th Street being still operated by
horses - more horse-car mileage than there Is now in all the rest of the
United States, and, third, a means whereby such arrangements with
respect to other New York transportation systems as may hereafter
become desirable can be more easily effected than Is now possible.
T be transaction Is simple enough when accurately stated. The new
company v/ill raise $ 3 0 ,0 0 0 ,0 0 0 and will at once spend $ 2 3 ,0 0 0 ,0 0 0
by paying It Into the Metropolitan treasury, thereby acquiring, first,
a lease of the Metropolitan properties, and, second, Its floating assets,
bonds, stocks, claims, &e. When the floating debts of the Metropoli­
tan caused by the purchase of the Third Avenue road have been paid,
there will be available fully $ 1 3 ,0 0 0,0 00 for Metropolitan Improve­

m en ts, w h ich , ad d ed t o th e $ 7 , 0 0 0 ,0 0 0 h e r e to fo r e ra ised and n o w
a v a ila b le fo r T illed A v e n u e I m p r o v e m e n ts , m ak es $ 2 0 ,0 0 0 ,0 0 0 that
w ill g o d ir e c t ly in to the p ro p e r ty to e n h a n ce th e v a lu e o f th e lease.
Ho th a t th e lea se will h a v e Tor Its o w n e r s w h a te v e r m ay h e Its p re s e n t
e a rn in g c a p a c ity b e y o n d th e 7 p er c e n t d iv id e n d g u a ra n te e d to on r
s to ck , plUH the e a r n in g c a p a c ity o f $ 2 0 ,0 0 0 , 0 0 0 o f n ew In v e stm e n ts.
T h e n ew c o m p a n y w ill also h a v e a la r g e a m o u n t o f float ln g s t o c k s
an il bon d s tra n sfe rre d t o It b y th e M e tr o p o lita n , jn o la d ln g $ s ,0 0 o ,0 0 0
s to ck o f T h ird A v e . R R |ihe roa d Itself b ein g h eld u n d er 9 9 9 y e a r
lease b y th e M etro p oll) an 8t. R y . C o .— JCi>. ]; the v a lu e o f th e se , h andled
b y su ch an o r g a n iz a tio n as th e n e w S e c u r itie s C o m p a n y a n d r e a li z e d
u p on n o t n o w , b u t In th e fu tu re an d a fte r ju d ic io u s d e v e lo p m e n t,
m ust b e v e r y g rea t. In a d d ition t o th is, th e n e w c o m p a n y has f o r its
$ 3 0 ,0 0 0 ,0 0 0 o f c a sh c a p ita l th e $ 7 , 0 0 0 ,0 0 0 o r t h e r e a b o u t o f c a s h r e ­
m a in in g In Its tre a su ry , p a r tia lly e x p e n d e d to a c q u ire Its fr a n ch is e s
a n d p ro p e r tie s In th e B r o n x [I n te r u r b a n B treet R y ., see a b o v e , e t c .] ,
eq u a l In v a lu e to th e ca sh p a id fo r them .
T h e w ork to b e d o n e an d s o o n t o b e d o n e f o r th e d e v e lo p m e n t o f
N ew Y o r k ’s tr a n s p o r ta t io n fa c ilit ie s Is, I f p o s s ib le , g r e a te r th an a n y ­
th in g th a t lias y e t been d on e. F o r th is fu rth e r w ork w e w a n t th e a c ­
t iv e o o -o p e r a tlo n o f o th e r m en o f th e sa m e k in d a s th o se n o w w ith us.
T h ro u g h the p re s e n t p la n w e a re m a k in g the s t r o n g e s t a llia n c e p o s s i­
b le to us in th e w a y o f In d iv id u a l an d iln a n ela l s tr e n g th to c a r r y on
o u r w ork . W e p a y fo r th is b y sh a rin g th e p o s s ib ilitie s o f th e fu tu r e w ith
them to the e x te n t o f o n e fifth o f th e p rofits th a t m a y b e r e a liz e d . O n ce
assu red o f o b t a in in g a le a se o f th e M e tr o p o lita n , th e y sta n d r e a d y to
ta k e th e w h o le o f th e S e cu ritie s s to c k , o r a n y p a r t o f it th a t m a y he
le ft a fte r th e p r iv ile g e w h ic h I h a v e in s is te d u p o n fo r th e b e n e fit o f
o u r e x is t in g s t o c k h o ld e r s , h a s b e e n sa tisfied .

A list of the stockholders of the Metropolitan Securities Co.
was given last week; the directors include the same men and
also James H. Hyde, a director of the Equitable Life Assur­
ance Society and Augustus D. Juilliard, dry goods merchant.
See further facts under heading “ Interurban St. R y .”
above.—V. 74, p. 379.

Metropolitan Street Ry., New York.—E x p la n a t io n o f
P la n . —See Metropolitan Securities Co. and Interurban Street
Ry above.
P u rch a se o f T hird A v e n u e R R . S to c k .— President Vreeland

is quoted assaying:
We paid an average of 80 for our 80,000 shares of Third Avenue RR.
stook, and it is now worth about 136.

It is, however, learned from authoritative sources that the
Third Avenue stock is to he acquired by the Interurban
Street R v. Co., not at cost price, but at a fair present valu­
ation.—V. 74, p. 379, 327.
Milwaukee & Minnesota R R . —F o r e c lo s u r e .— Judge Bunn
in the Federal Court at Madison, W is., has completed hear­
ing arguments in the suit to foreclose this company’s m ort­
gage. Following are the facts o f the case :
Litigation in connection with this mortgage has been running in the
courts since March. 1867. The present suit is that of Gunnison &.
Bright against the Chicago Milwaukee & St Paul Railway. The orig­
inal name of the road was the La Crosse & Milwaukee. It was sold to
the trustee of the mortgage under foreclosure and reorganized as the
Milwaukee & Minnesota. The present suit seeks to declare yalid
bonds issued by the latter company under a mortgage given Oct. 24,
1864, and due Oct. 24, 1884, on the old road from Milwaukee to Port­
age, via Beaver Dam. Bonds to the amount of $196,000, bearing 8
per cent interest, were issued. After the mortgage was made suit was
brought to foreclose a judgment which was prior to the mortgage.
The Chicago Milwaukee & St. Paul Co. bought the property on the
judgment of this suit and went into possession of the line, i he ques­
tion now at issue is whether the suit on the judgment operated to de­
stroy the rights of the mortgage bondholders, the trustees of the mort­
gage not having been made, it is claimed, parties to the suit. Col.
W. F. Vilas and A. L. Sanborn appeared for the plaintiff bondholders
and Geo. R. Peck, Burton Hanson and Charles H. Van Alstine for the
Milwaukee road, a

It is claimed that of the 496 bonds issued, 300 were em ­
bezzled and the other 146 were purchased in block by G un­
nison for $500. See also V . 68, p. 578.
Missouri Kansas & Texas Ry.—E x t e n s i o n — W ork is re­
ported to have been begun on an extension from Ccffeeville,
Kan., to Guthrie, 200 miles. From Guthrie the line is said
to be projected to El Reno and Anadarko, both on the R ock
Island; also via Oklahoma City to Colgate and via Osage
Nation to Muskogee, I. T .—V. 74, p. 379, 151.

Newark (0.) & Granville Street Ry.— B o n d s

O ffered .—

Norton & Co. of Wheeling, W est V a., are offering for sale a
block of the company’s 5 per cent 30-year first mortgage gold
bonds.—V . 71, p. 492.
New Orleans Ry.—A d d itio n a l P u r c h a s e . —H, H. Pearson,
representing E. C. Jones & Co., has bought control of the
Orleans R R . Co. at the rate of $57 for each $50 share, the pur­
chase price amounting to $265,558.—V. 74, p. 268, 206.
Newport & Fall River Street Ry.— G u a ra n teed S to c k
O ffered .— Curtis & Sanger and Jackson & Cnrtis of Boston
have purchased, and are offering for sale, $748,500 of
this company’s $750,000 stock, guaranteed dividends o f
6 per cent per annum by the Old Colony Street Ry. (Mas­
sachusetts Electric Companies) under 99-year lease. See re­
port of Massachusetts Electric Companies in V. 73, p. 1310.
The Newport & Fall River Street R y. Co. reports: Gross
earnings for year ending June 30, 1901, $213,000; net, $83,000; surplus over charges, $52,000. The Old Colony Street
Ry. Co. reports that its net earnings (including Newport &
Fall River Co ) for year ending Sept. 30,1901, were $694,000
Deduct interest on mortgage bonds, $217,000, and other
charges, including guaranteed dividends, $127,000; balance
surplus, $350,000. The price asked for the shares now offered
is 130 and accrued dividend, the par value of shares being
$100 and the dividends payable Jan. 1 and July 1.
New York Ontario & Western Ry.— Q u a rterly —Earnings
for the quarter and the six months ending Deo. 31 were:

3 m ot. en d .
d ro ss
N et
Dec. 31 — ea r n in g s .
e a r n in g s .
1 9 0 1 ................$1,486,4 15 $ 1 7 1 ,3 9 0
1900
....... 1 ,193,227
3 7 6 ,1 5 4
6 m os.
1901
....... $ 3 ,0 9 2 ,2 2 4 $ 1 ,0 4 5 ,1 5 6
1 9 0 0 ............ 2 ,5 51,082
8 8 8 ,5 2 9
—V. 73, p. 1062

O ther
in co m e,

I n te r e s t , B a la n c e ,
taxes, etc. su rp lu s.

$ 6 0 ,2 4 6 $ 2 6 4 ,5 9 2 $ 2 6 7 ,0 4 4
8 8 ,1 6 7 2 9 3 ,9 1 2 1 7 0,409
$ 1 2 3,6 21 $ 5 3 4,4 65 $ 6 3 4 ,3 1 0
1 5 4,882
579,681 4 6 3 ,8 3 0

428

TH E

C H R O N IC L E

New York He Pennsylyaala RR. - R e c e i v e r .- George R.
Brow ti of Canisteo, N. X ,, has been app >inted receiver of
this road, which ex•-*rxi s from C’nrir aj to Ceres, 57 mites
Mr Brown baa bien the General Manage
V, 63, p, 1178.
Northern Central By. R ep ,rt. The results for the year
ending Deo. HI, 1901, com pare as follow s :
1' e a r .
ly o i
1900

0 rotis

M et

O th e r in c

C h a r g e s , etc.

B a la n c e .

#8,206.958 $2,511,969 #->94,806 $1,088,25? $?,018,019
7,815,412
2,317,974
632,191
1,882,">09
1,297,556

fr o m the balance aa above were paid dividends (8 per
cent * $916,980 in 1901, against (7 per cent) $684,033 in 1900,
leaving balance surplus, o f $1,101,039 in 19)1, against $613,523 m 1900, all o f which was transferred in both years to
the extraordinary expenditure fu n d,—V . 72, p, 1188.
.Northern S ecu rities Co,-- U n ited S ta tes G ov ern m en t to
Claim V iola tion o f A n t i - T rust Law — Attorney General K n ox
on W ednesday gave out the fo llo w in g :
W ith iu a verv short Hunt u, bill w ill l><> inert b / the United S tates to
test th e le g a lity o t tne m erger ot the N o n her a Paoitio and G re a t
N orthern K .s y s t e m s th rou gh the In strum entality o f the N orthern
Securities Go. Som e tim e a g o the President requested an op inion as
to th e le g a lity of this m erger, and l h ave recently give n him on e, to
the effect that in m y Judgment it viola tes th « pro vision s of th e S h e r­
m an x e t of 1 8 9 0 ; w hereupon he directed th a t su itab le action should
be taken to h ave the dhestion Judicially determined. A b ill in equity
is now in course o f preparation which will be tiled w ithin a v e r y short
tim e and which w ill ask , h a t the m erger, effected through th e e xch an ge
ot shares of the N orth ern Securities Com pany fo r shares of the tw o
railroad com pan ies, be diasol -e d a u d sn c h shares o rd ered re-exoh au ged
to restore the stocks o f the tw o railroad com panies to their original
holders. The district in w hich tn e proceedin gs yylt! be in stitu ted has
not y e t been d eterm ined. M ost likely it w ill be In M in n e s o ta .—V . 7 4 ,

P 380, 327.

North Jersey Street Ry .— A p p e a l —The suit involving
the lease of the Consolidated Traction Company’s lines, which
was decided on Feb, 13 by the United States Circuit Court in
favor of the North Jersey Street Ry. Co,s it is announced,
will be carried to the United States Supreme Court.— V, 74,
p, 380.
Pennsylvania & Northwestern RR.— N ew P r e s id e n t,— The
Pennsylvania RR. Co., having acquired all or nearly all the
stock, has elected its representatives as directors, and has
made Samuel Rea President.—Y. 74, p. 152,
People’s Railway Co. of Cleveland.— In c o r p o r a te d . — This
company was incorporated in Ohio on Feb. 20 with $1,000,000
authorized capital stock, to construct and operate a street
railway system in Cleveland. Incorporators : E J. Blandin,
W . L /R ice, A , E. Green, John M, Garfield and E. G. Harte.
The company is presumably intended to operate under the
franchise referred to last week under the heading “ Cleve­
land City Railways.”
Peoria & Eastern Ry.— D ividend on In com e B o n d s .—The
company has declared a dividend of 4 per cent on its income
bonds, payable April 1 from the earnings of the fiscal year
ended Dec. 31, 1901.—Y . 74, p. 152.
Philadelphia Company of Pittsburg.— S tock L is te d .— In
connection with the listing last week on the New York Stock
Exchange of additional amounts of the preferred and com­
mon stock, the company submitted to the Exchange a very
full statement. This statement is given at length on pages
434 to 431, and explains the several purposes for which the
additional stock was issued. The statement also gives an
income account and balance sheet of recent date and a
schedule of the shares of other corporations owned on Jan.
20,1902,—Y . 74, p. 880, 95.
Railroads Securities G o.— C h an ge in S to ck .— The com­
pany has filed an amended charter changing its authorized
capital stock from $7,500,000 preferred and $12,500,000 com­
mon to $10,000,000 of each,— V. 73, p, 953,
Saginaw Talley (M ich.) Traction Co.— R e p o r t .—The earn­
ings for the year ended Dec. 81, 1901, were as follows: Gross,
$262,138; net, $85,485; interest charges. $38,199: balance, eur
plus, $47,286. The capital stock consists of $700,000 common
and $400,000 preferred; of the authorized issue of bonds
($850,000) $795,000 are outstanding and $55,000 reserved for
extensions, etc. Homer Loring of 84 Devonshire St., Boston,
is President.—V, 68, p. 233.
Southern Indiana Ry.— Old M ortg a g e C an celed .— The $1,50u,000 mortgage of 1898 has been canceled.— V. 73, p. 1261.
South Jersey Gas, Electric & Traction G o .—P u rch a se.
—South Jersey interests have purchased the Burlington
Gas Co. of Burlington, N. J. The South Jersey Company is
building 109 Otto Hoffman coke ovens at Camden to supply
gas by pipelines to Camden, Trenton and outlying districts,
—Y . 72, p. 989.
Toledo Railway & Terminal Co.—F in a n c ia l A rra n g em erd .— T h s Commonwealth Trust Co. of St. Louis, in con­
nection with the firm of D. R, Francis & Bro. and Altheimer
& Rawlins, have, it is understood, agreed to finance this new
terminal project, involving, it is said, an expenditure of
$3,000,))00. See V. 78, p. 617.
Union Traction Co., Philadelphia.— N e g o tia tio n s . — Re­
garding the proposition to unite the Union Traction Co. and
the Foerderer-Mack corporations under a new charter, a
director of the Union Traction Co. is quoted as saying: “ The
details may not be agreed upon for three or four months.
Nothing can be gained by haste. The two interests are in
friendly control, and the ultimate success of the merger is
assured.”
The present plan involves, it is stated, a virtual sale of the
Foerderer-Mack franchises to the parties controlling the'
Union Traction Co, and the new interests, if any, associated

[You LXXIV.

with them. On this account Congressman Foerderer an­
nounces his withdrawal from the street railway syndicate,
as he will not be a party to the transaction, his “ sole object
having been to give the public better transportation facili­
ties.” The talk now is that the amalgamated company will
create $20,000,000 common stock and $10,000,000 (instead of
$15,000,000) bonds.—V . 74, p. 328, 269.
Unlou Traction of Indiana.— Listed in P h ila d elp h ia ,—
The Philadelphia Stock Exchange has listed $4,000,000 com­
mon stock, $1,000,000 5 per cent cumulative preferred stock
and $4,200,000 5 per cent bonds.—V. 74, p, 881,
United Railways & Electric Co., Baltimore.—N ew P resi­
d e n t —Gen. J. M. Hood, President of the Western Maryland
RR., has been elected President of the United Company.—V .
73, p. 1265.
United Railways Investment Co. of San Francisco.—I n ­
c o r p o r a te d ,—This company was incorporated in New Jersey
on Feb. 18 with $3,500 (nominal) capital stock, in order, it is
understood, to take over the control of the street railways of
Ban Francisco, including Market Street, Sutro, Sutter and
San Mateo lines, Atterbury & MaDally of 39 Broad St.,
ihis city, are the company’s attorneys. Brown Brothers &
Co., it is understood, will place the bonds involved in the
transaction.
Washington (D. C.) Railway & Electric Co .—P a y m en t o f
C ou p on s — Ike Baltimore Trust & Guarantee Co. gives notice
that the coupons due Feb. 1, 1902, from the bonds of the City
& Suburban Ry. will now be paid on presentation. Owners
who have deposited their bonds with the Trust Company are
requested to return its certificates and receive said bonds in
exchange therefor.—V. 74, p. 328.
West Chester Traction Co., Ossining, N. Y .— C o n so lid a ­
tio n .-—This company has been organized with $300,OtiO au­
thorized capital stock as a consolidation of the West Chester
Traction Co. and the Ossining Electric Railway Co,
Directors—'Thomas J?. Barrett;. New York; John V. Lockhart, Ossin­
ing, and Harry M. Shaw, East Orange.
See Street R a il w a y Supplement issued this week.— V.
73, p. 554.
Wheeling Traction Co. — P u rch a se .—The company has
purchased the entire $150,000 stock of the Steubenville Mingo
& Ohio Valley Traction Co. The latter had $150,000 five per
cent bonds outstanding.— V. 72, p. 88.

INDUSTRIAL, GAS AND MISCELLANEOUS.
American Cereal Co.—D iv id en d In crea sed .—This company,
a majority of whose capital stock is owned by the Quaker
Oats Co. (see below), has increased its quarterly dividend
from 1 % per cent to 3 per cant, making tne annual rate 12
per cent in place of 6 per cent as heretofore.— V. 73, p. 1266.
American Snuff Co.— P u rch a se.— The company has pur­
chased the property of the Stewart Snuff Co. of Clarksville,
Tenn,, a concern said to have a capicity of 300,000 pounds of
snuff a year.— V. 72, p. 1137.
Atlantic (Copper) Mining Co.— N ew S tock,— The sharehold­
ers will vote in this city March 11 on a proposition to increase
the capital stock from $1,000,000 to $2,500,000, par value of
shares to remain as now, $25. Two and a-half shares of new
stock ($9 80 paid in on each) will be exchanged for one share
of the existing stock, with $24 50 paid in.
Atlas Tack Corporation . —D ep o sit o f B o n d s .—The bond­
holders’ committee, James A. Carter, Chairman, having pur­
chased the property at foreclosure sale, and having “ con­
tracted to sell a part of the property at a price that indicates
a substantial profit from the purchase over the dividend pay­
able from the proceeds of the sale,” gives notice that bond­
holders who desire to share in the profit should deposit their
bonds with the Boston Safe Deposit & Trust Co. before April
I, 1902.—V . 74, p. 328.
B eil Telephone Co. of Philadelphia. —In crea se o f S to ck .—
The shareholders will vote April 22 on a proposition to in­
crease the authorized capital stock from $8,000,000 to $12,000,000, to provide for extensions, etc., as necessary. Stock­
holders of record are offered the privilege of subscribing at
par, pro rata, for $1,000,000 stock now in the treasury.—V.
74, p. 208.
Borden’s Condensed Milk Co.—P u rch a se .—A press de­
spatch from Zurich says that the stockholders of the AngloSwiss Condensed Milk Co. will vote March 20 on a proposi­
tion to sellout to the Borden Company for $2,000,000.—V . 74,
p. 97.
Canadian Colored-Cotton M ills Co., Limited,—Roads
O ffered .— The Bank of Montreal is receiving subscriptions at
par for $2,000,000 first mortgage 6 per cent coupon bonds due
April 2, 1912, interest payable A, and O. in Montreal at said
bank. These bonds are issued to refund bonds due April 3,
1902, the holders of which will have priority in the allotment .
The company’s property stands on its books at $6,044,847, and
its annual net profits since 1893 have ranged from $147,876 in
1897 to $465,428 in 1900; in 1901 they were $328,885; interest
charge $120,000, David Mortice is President.
Carnahan Tin Plate & Sheet Co.— I n O p era tio n .—Tim
company’s new plant is in full operation, turning out all
grades of tin and terne plate; also black plate. Another mill
is to be added to the plant, making it a seven-mill plant.
J. E. Carnahan is President, Bee V, 78, p, 140.

THE

F e b r u a r y 22, 1902.]

429

C H R O N IC L E .

Central (Bell) Union Telephone Co.—Earnings.—'The plan for selling the property will also receive carefnl consid­
earnings for the last two calendar vears compare as below : eration.—V. 74, p. 208.
T ear.
C ross.
N et.
I n te r e s t.
H al., su r.
Hawaiian Commercial Sc Sugar Co.— C o r r e c t io n .— We are
1 9 0 1 ......................... $ 2 , 5 8 4 ,7 8 8
$ 6 1 1 ,2 8 8
$ 3 8 6 ,7 6 2
$ 2 2 4 ,5 2 0
1 9 0 0 ......................... 2 , 3 0 9 , 4 7 0
6 3 6 ,0 7 5
3 1 7 ,5 6 8
3 1 7 .6 0 7
indebted to friends in San Francisco for calling our atten- V . 7 4 , p. 153 .
lion to the fact that it is the Hawaiian Sugar Company
Commercial Light & Power Co., Dnluth. —Sold.—This and not the Hawaiian Commercial Sc Sugar Company
conpany was sold Feb. 19 nn ler foreclosure for $107,408 to which recently authorized an issue of $1,000,000 40-year
the Dnlath General Electric Co., a new company organized bonds, of which $400,000, it is understood, will presently
i e put out. These companies own entirely different planta­
by the bondholders.—V. 70, p. 431.
Consolidation Coal Co. of Maryland.—N e io Directors.— tions, the property of the Commercial Company beiDg on
Messrs. Loree, Murray, Hale, Shnver, Haas and Woolford the Island of Maui and that of the other company on the
were recently succeeded as directors by John K. Cowen, Is'and of Kauai.
William F. Frick. Robert Garrett, John Gill, R. Nelson Pe­ flew Mill.—The company’s new sugar mill having, it is
rm and William Johnston. The Baltimore & Ohio has prac­ said, a capacity of 500 tons of sugar a day, and all the latest
tically controlled the company for many years.—V. 73, p. 1210. improved devices for loading and unloading the cane, etc.,
Corn Products Co.—Plan Operative.—Cuyler, Morgan & was put in operation on Jan. 29.—V. 74, p. 329.
Hawaiian Sugar Co.— Bonds.—See Hawaiian Commercial
Co. give notice that a large majority of the preferred and
common stocks of both the Glucose Sugar Refining Co. and & Sugar Co. above.
the National Starch Co. have been deposited under the terms
Tobacco Co., London.— F lo a t e d . —The securities
of the plan of merger, and that the plan has therefore been of Imperial
this
company,
to fight the American and Con­
declared operative. The time for deposit of stock has been solidated Tobaccoorganized
companies,
have been floated in London.
extended to and including March 1, See plan in last week’s
Lackawanna Steel Co.—Agreement,—A circular signed by
C h r o n ic l e , page 381, and advertisement on page viii. o f t o ­
Henry A. C. Taylor, Percy R. Pyne, D. O. Mills, J. G. Mc­
day’s issue.—V. 74, p. 381.
Dominion Iron & Steel Co.— New President.—James Ross Cullough, H. Walters, H. McK. Twombly and Adrian laelin
of Montreal, it is stated, will shortly succeed H. M. Whitney Jr., and sent under date of Feb. 13 to the stockholders of the
as President, the Canadian interests being now in control. Lackawanna Iron & Steel Co., says in substance:
ig n e d a n d o t h e r l a r g e r s t o c k h o ld e r s o f t h e L a o k a w a n n a
It is also understood that plans are under consideration for I r oT bn e&u Snted eerls Co.
h a v e f o r s o m e t im e p a s t b e e n o a r e f u lly c o n s id e r in g
the absorption of the Dominion Coal Co —V. 74, p. 98.
tb e f u t u r e o f t h a t c o r p o r a t io n , a n d h a v e r e a c h e d tb e c o n c lu s io n t h a t
I
n
o
r
d
e
r
to
e
n
s
u
r
e m o r e p r o f it a b le o p e r a t io n it is n e c e s s a r y t h a t t h e
Federal Telephone Co.—Collateral Trust Bonds.—The
n s f o r th e c o n s t r u c t io n o f th e n e w B u f f a lo p l a n t b e e n la r g e d a n d
Bankers’ Committee having in charge the affairs of the pp la
io n be m a d e f o r t h e m a n u f a c t u r e o f p la t e a n d a ll c la s s e s o f s t r u c ­
Everett-Moore syndicate last week unanimously voted to t ur roavlisste
e l a n d o t h e r m a t e r ia ls I n a d d it io n to s te e l r a i l s a n d b ille t s , a n d
fund the floating debt of this company and the Reserve t h a t th e n e w p l a n t s h a ll h a v e a t o t a l c a p a c it y f o r t h e p r o d u c t io n o f
n
o
t
le
s
s
t
u m [ in p la c e
Con8tiuction Company, and to provide about $1,000,000 o f 8 0 0 , 0 0h0a nt o1n,2s 5a0s, 0p0la0 nt on ne sd .o—f Ef ind .is] h eI dn porroddeur ctto paecrc oamn pn lis
is p u r ­
cash for the completion of exchanges and for extensions p o s e It is n e c e s s a r y t o p r o v id e a b o u t $ 1 5 , 0 0 0 , 0 0 0 i n a d d it ioh nt h to
the
through the issuing of three series of 5 per cent collateral c a p it a l a lr e a d y is s u e d . A s t h e n la n t is lo c a t e d a n d t h e w o r k i s to he
trust bonds. These bonds are to be due April 1, 1907, and to c a r r ie d o n in th e S ta t e o f N e w Y o r k , it i s d e e m e d a d v a n t a g e o u s t h a t
be subject to call at the rates below named, at any interest th e c o r p o r a t io n w h ic h i s t o o w n a n d o p e r a te i t s h o u ld bse oinf ceoxrepmo rpattioe dn
period (April 1 and Oet. 1) at option of company on thirty furnodme rt athx ea tlaiown suopfotnh isa llS toaftite sa no ad ptith auls esme cpulor ey ethd eI nb esnu ec fit
h m a n u f a c t u r in g .
days’ notice. Series “C” bonds will be issued without the T h e u n d e r s ig n e d , t h e re fo re , p r o p o s e to o r g a n iz e a n e w c o r p o r a t io n
e L a o k a w a n n a S t e e l Co. w a s o r g a n iz e d Fe b . 1 4 .— E d ] u n d e r t h e la w s
first year’s coupons. The three series are described as fol [th
o f th e S ta t e o f N e w Y o r k , h a v i n g a t o t a l a u t h o r iz e d o a p it a l o f $ 4 0 ,lows:
0 0 0 ,000, o f w h ic h $ 2 0 ,0 00,000 i s to be se t a s id e to a c q u ir e t h e p r e s e n t
Collateral Trust B onds.

N a tu re
S eries.
o f L it n .
“ A ” $ l , 0 0 0 . 0 0 0 .......... F i r s t
“ B ” 3 , 0 0 0 , 0 0 0 .......... S e c o n d
“ C ” 2 , 5 0 0 , 0 0 0 .......... T h i r d

Issu e
P r ic e ,
x95
x90
x90

M a y be
P u rpose
ca lle d a t
o f Issu e.
105
E x t e n s i o n s , etc.
100
T o f u n d ? S e c u re d
100
D e b ts (U n se c u re d

x N o t t o b e le s s t h a n t h is.

o u t s t a n d in g o a p it a l s t o c k o f th e L a o k a w a n n a I r o n & S t e e l Co., a t t h e
r a t e o f o n e s h a r e o f s t o c k o f s a id n e w c o r p o r a t io n f o r e a c h s h a r e o f
s t o c k o f th e L a c k a w a n n a I r o n & S te e l C o (o r v o t i n g t r u s t c e r t ific a t e s
t h e id f o r ) n o w o u t s t a n d in g ; a n d a ls o t o o fie r f o r s a le f o r c a s h a t p a r
$ 1 5 , 0 0 0 , 0 0 0 o f s u c h n e w s to c k . O f s u c h a m o u n t u p w a r d s o f $ 1 0 , 0 0 0 , 000 h a s a l r e a d y b e e n s u b s c r ib e d fo r, s u b j e c t to t h e r i g h t o f t h e s t o c k ­
h o ld e r s o f th e L a c k a w a n n a I r o n & S t e e l C o. t o s u b s c r ib e t h e r e t o u n d e r
t h e p r o v is io n s o f t h is c ir c u la r .
T o c a r r y o u t t h is p la n a n a g r e e m e n t h a s b e e n p r e p a r e d w h i c h h a s
a lr e a d y b e e n e x e c u t e d b y th e h o ld e r s o f m o r e t h a n 10 0 ,0 0 0 s h a r e s o f
s t o c k o f th e L a c k a w a n n a I r o n <fe S t e e l C o ., I n c l u d i n g t h e u n d e r s ig n e d ,
a c o p y o f w h io h is e n c lo s e d h e re w it h , u n d e r w h ic h t h e o p t io n i s e x ­
t e n d e d t o a ll o f th e s t o c k h o ld e r s o f th e L a c k a w a n n a I r o n <fe 8 te e l C o .
w h o s h a ll d e p o s it t h e ir s t o o k t h e r e u n d e r t o s u b s c r ib e a t p a r o n o r b e ­
fo r e M a r c h 1, 1 9 0 2 , f o r a n a m o u n t o f s h a r e s o u t o f $ 1 5 ,0 0 0 , 0 0 0 o f s t o c k o f th e n e w c o r p o r a t io n e q u a l t o 7 5 p e r o e n t o f t h e a m o u n t
o f e x is t in g s t o o k so h e ld b y th e m . S u b s c r i p t io n s f o r a d d it io n a l
a m o u n t s o f s a id s t o c k w i l l b e r e c e iv e d , su b je o t t o th e r i g h t o f t h e
s t o c k h o ld e r s o f t h e L a c k a w a n n a I r o n & S t e e l C o. t o s u b s c r ib e a s a b o v e
m e n tio n e d , a n d s u b je c t a ls o to tb e r i g h t o f th e c o m m it t e e a p p o in t e d b y
t h e a b o v e - m e n t io n e d a g r e e m e n t [ M e s s r s . T a y lo r , P y n e , M il l s , M c ­
C u l l o u g h a n d W a lt e r s In c lu d e d a m o n g t h e s i g n e r s o f t h is a g r e e m e n t —
E d ], t o a llo t to a n y s u b s c r ib e r a n a m o u n t le s s t h a n t h e a m o u n t s u b ­
s c r ib e d fo r. T h e r e m a in in g $ 5 , 0 0 0 , 0 0 0 o f s t o o k o f t h e n e w c o r p o r a ­
t io n n o t offe re d f o r s a le w i l l b e r e s e r v e d In t h e t r e a s u r y o f t h e com .
p a n y a n d w ill b e h e r e a ft e r is s u e d w h e n a n d a s r e q u ir e d b y t h e 00m p a n y , a n d u p o n tb e d e t e r m in a t io n o f i t s b o a r d o f d ir e c t o rs .

To secure a management of the affairs of the company in
the interest of the bondholders, a majority of the capital
stock will be deposited with the trustee of the mortgage un­
der a voting trust until the mortgage is satisfied, said trust
to place the voting power of the stock in the hands of three
persons to be named by the bankers’ committee.
Series B and C will be used to take up the indebtedness of
both the Federal Telephone Co, and the Reserve Construction
Co , and will either be sold at the prices named to the credit­
ors or will be deposited as collateral to secure the outstand­
ing indebtedness, the present collateral to be surrendered and
used as collateral for the new bonds.
The Detroit and Dayton plants are uncompleted, and will
be sold. The earnings of the other companies for the
year 1902, on the basis of existing contracts for 33,962 tele
Deposits of assenting stock and subscriptions for new stock
phones and tolls from 17,216 miles of long-distance wires should
be made on or before March 1, 1902, with the Farmers’
(U. S. Telephone Co.), are estimated as below:
Loan & Trust Co. Checks for 20 per cent of the amount
F ed era l
U. S. Tel. Co. T he E lec.
T otal
subscribed must accompany subscriptions; the payment of
C o m p a n ies. (L o n g D is l.) B u ild in g .
o f a ll.
G r o s s In c o m e ..............$ 8 3 8 , 6 8 1
$ 2 2 8 ,0 0 0
$ 4 3 ,2 0 0
$ 1 , 1 0 9 ,8 8 1
the remainder will be called in three equal instalments at
Oper. ex. a n d t a x e s . . . 4 6 3 ,8 9 8
1 1 3 ,2 8 0
2 1 ,6 0 0
5 9 8 ,7 7 8
intervals of not less than sixty days.—V. 74, p. 382.
N e t e a r n i n g s ............ $ 3 7 4 , 7 8 3
$ 1 1 4 ,7 2 0
$ 2 1 ,6 0 0
$ 5 1 1 ,1 0 3
Lebigh Coal Sc Navigation Co.— Report.—The results for
D e d n o t In t e r e s t o n b o n d s a n d p o o l r e c e ip t s o f o p e r a t i n g
the year 1901 compare as follows:
3 2 3 ,1 0 0
c o m p a n ie s ($ 8 ,4 6 2 ,0 0 0 ) a t 5 p e r o e n t ................................
B a la n c e , e q u a l to 2 -3 8 p e r c e n t o n $ 7 , 8 9 4 , 5 2 5 o f s t o c k
a n d p o o l re o e lp ts o f o p e r a t i n g c o m p a n ie s ......................

$ 1 8 8 ,0 0 3

The Federal Telephone Co. owns $1,269,500 of the bonds
and $5,955,806 of the stock and pool receipts of the operating
underlying companies. Its share, therefore, of the net in­
come as above ($511,103) is figured as $305,223, consisting of
5 per cent on the bonds, $63 475, and 2’38 per cent on the
stocks, $141,748. This sum of $205,223, it is estimated, can
be increased to $354,112 by the expenditure of $1,000,000 as
proposed on the plants other than those at Dayton and De­
troit. From this total must be deducted the interest chary e
of the Federal Company on its proportion of the new collat­
eral trust bonds, viz :
E s t im a t e d In c o m e an a b o v e ................... .......... ........................ $ 3 5 4 , 1 1 2
(Series A , $ 1 , 0 0 0 , 0 0 0 .......
$ 5 0 ,0 0 0
S e r ie s B , $ 1 , 7 5 0 , 0 0 0 s e c u r e d d e b t .............................. 8 7 , 5 0 0
S e r ie s C , u r,se c u re d $ 1 , 8 0 0 ,0 0 0 , p o o l r e o e ln t s $ 5 0 0 ,0 0 0 ........................................................................... 1 1 5 , 0 0 0 2 5 2 , 5 0 0
B a la n o e f o r s t o c k ($ 1 0 , 0 0 0 ,0 0 0 ) o f F e d e r a l C o ................... $ 1 5 1 ,6 1 2

The Federal Telephone Co. is the parent (stock-holding-)
company of the system, aDd has heretofore had no bocds
outstanding. Abont $400,000 has been spent in Detroit, and
$1,000,000 or more is required to complete the exchange;
about $250,000 has been expended in Dayton. The Canton.
Zanesville and Mansfield plants, it is said, are nearly ready
for operation.
The stockholders’ meeting to act npon the above plan ha
been postponed nntil Feb. 24 ; it is thought an alternativ

C a le n d a r
G ross
yea r.
reven u e.
I b O l ...... $ 2 , 5 7 4 ,9 2 8
1 9 0 0 . . . . . 2 .6 2 3 , 7 0 9
- V . 7 2 , p. 9 3 9 .

in te r e s t ,
ta x es , etc .
$ 1 , 3 2 5 ,3 6 6
1 ,3 1 7 ,7 9 9

S in k , f u n d
D iv iB a la n c e ,
<£ d e p r e c ’ n .
d en d s.
su rp lu s.
$ 1 8 7 ,0 7 7
(6 )$ 8 6 0 ,7 9 9 $ 2 0 1 ,6 8 7
1 9 7 ,5 7 6
( 5 i* ) 7 8 9 , 0 6 6
3 1 9 ,2 6 7

Missouri & Kansas Telephone Co.—S to c k I n c r e a s e d .—

The authorized capital stock has been increased from $2,500,000 to $5,000,000—V. 73. p. 1267.
National Fire Proofing Co.—N ew S t cfr.—The shareholders
on Feb. 17 ratified the proposition to increase the capital
stock from $5,000,000 to $12,500,000. The names of the prop­
erties to be taken over is withheld for the present. It is
proposed, however, to add $1,0^0,000 of the proceeds to work­
ing capital, and to use the remainder “for the purpose of
acquiring and controlling plants now owned by competitors
in the conduit, fire proofing, hollow tile and building block
business.” A circular says in substance:
I t is th e d e s ir e o f th e d ir e o t o r s to p u r o h a a e t h e p r o p e r t ie s a n d f r a n ­
c h is e s o f 1 5 d iffe re n t c o m p a n ie s , o w n i n g 1 8 w o r k s , lo c a te d i n th e
S t a t e s o f Il lin o is , In d ia n a , O h io . P e n n s y l v a n i a , N e w Y o r k , N e w J e r ­
s e y a n d O o n D e o tlo u t a n d th e D l s t r l o t o f C o lu m b ia . W i t h t h e s e p r o p ­
e r t ie s w ill be a c q u ir e d a b o u t 4 , 0 0 0 a c r e s o f la n d a s w e ll a s v a lu a b le
le a se s o n a d ja o e n t p r o p e r t ie s , c o n t a in in g a lm o s t In e x h a u s t ib l e q u a n ­
t it ie s o f o o a i a n d c la y ; a l s o v a lu a b le p a t e n t r ig h t s , d ie s a n d tb e g o o d ­
w ill o f o e rt a ln c o n d u it c o m p a n ie s . T h e N a t io n a l C o m p a n y w i l l t h u s
be e n a b le d t o o o n t r o l th e c o n d u it , fire p r o o f in g a n d h o llo w b u i l d i n g
b lo c k tra d e , t h e r e b y m o re t h a n t r e b l in g It s p r e s e n t b u s in e s s . A l l o r
th e p l a n t s to be s e o u r e d a r e in a c t iv e o p e r a t io n , a n d h a v e b e e n a n d
a r e n o w r u n n i n g 10 t h e ir f u ll c a p a c it y . T h e c o m p a n y w ill a ls o a c q u ir e
w it h th e se d iffe re n t p la n t s p r o fit a b le c o n t r a c t s to r m a t e ria l, to be d e ­
liv e r e d In t h e ir r e s p e c t iv e m a r k e t s In th e Im m e d ia t e fu t u re , t h e fn lM lm e n t o f w h ic h w ill r e q u ir e c o n t in u o u s o p e r a tio n . A l l o f tb e p r o p -

ISO

THE CHRONICLE

[V ol.

LXX1V

in question w ilt be taken oyer fr e e and c le a r of all enoum&r»u«e(s, i u j tuo c o m p a n y w ill lia
veuooutijtaudiugli a b lii lle s uponan y

SomerHct Coui Co. -Bonds Offered.—Spencer Trask <fcCo,
are offering at 98 and interest $1,000,000 of the present issue
of $8,000,000 first mortgage 5 per cent gold bonds, described
H la ti. o i i i t e a t l u a o t th e Sir a c t o r s to place $ 1 ,0 0 0 ,0 0 0 . to b e d e r iv e d
frujiti th e s a le o f th e n e w s t o c k , in t h e t r e a s u r y , w h ic h , In a d d it io n to
last week. The earnings for tbe first year, it is estimated,
i t * r e s e n t w o r k i n g c a p it a l, w ill e n a b le t h e c o m p a n y t o m a i n t a i n Its will be between $375,000 and $450,000; fixed charges about
p r e s e n t strong i l n a n o i a l p o a it io n .
$108,000; interest and sinking funds for second year about
Tb s stockholders of record on Feb. 15th, 1902, were entitled $225,000. The coal is said to be like that of the George’s
to subscribe at par to the extent of 50 pereentum of their Creek vein. See V. 74, p. 382.
holdings, either common or preferred, to $2,500,000 preferred
stock, with which they will receive $1,250,000 of common
Telephone Teleg raph & Cable Company ot America.—
stock, •'the balance of the new preferred and common stock New Presidmt.-H.mvy S. Kearny, who was head of the
being- subscribed for by a large number of the present own­ Publio Building Department under Tammany, has succeeded
ers and stockholders of the plants to be acquired, and by J. M, Thomas as President.—V. 73, p. 856.
dev ,-r.xl large firms in the underground conduit and building
Topeka Water Company. — Negotiations.—Deposits.—A
business, who in turn will agree to enter into contracts with
the company for nearly 50 pereentum of its entire produc­ circular signed by Victor Cumberson, Secretary, 44 Wall St,,
tion.' Subscriptions to the new stock are due as follows: has been sent to the holders of the first consolidated mort­
35 per cent upon call and delivery of temporary certificate, gage bonds and income bonds, saying in part:
com pany’s franchise [granted to th e Topeka W ater Supply Co.
15 per cent April 15th, 15 percent May 15th and 15 per cent The
1 8 8 1 ] p rovide* th a t after 2 0 years from th e com pletion of ih e plant
July 15th, 1902, Allotment will be made as soon after Feb, in
the oity m ay acquire the property on p ayin g “ the fair and equitable
24th as possible.
value thereof.” The muuiotpai au th orities have Instructed the city
This increase raises the common stock from $2,000,000 to attorney to take th e n ecessary step * to accom plish this purchase.
bout tw o years ago an election was held to v o te upon an issue of
$4,500,000 and the preferred (7 per cent non-cumulative) from A
bonds to acquire the present p lan t or to build a new one. The vote
$3,000,000 to $8,000,000; par value of shares, $50.—V. 74, p. w as overw helm ingly In favor of the issu e of bonds, i he franchise, how­
ever, provides th a t in case the olty does n o t acquire the property at
382.
expiration of the 2 0 y e a ra .it shall ex ten d th efrau ch tsefor a further
Nebraska-Iowa Creamery Co,—B o n d s Offered.—Willis the
term of 2 0 years, and also pay tor hydrants used by tlie oity during
Todd of Omaha, Neb., is offering at 104*38 $40,000 of this the term of 2 0 years, and “during th e term of any ex ten sio n of th e
company’s $110,000 first mortgage 6 per cent $500 gold bonds, franchise.”
In J u ly, 1 9 0 0 , appraisers appointed by th e o ity and th e com pany
running five years from Nov. 1, 1901. The company is a agreed
th at to d u p licate the property w ould c o st $ 4 9 1 ,1 0 7 . The ap­
Nebraska corporation, with $200,000 capital stock (includ­ praiser appointed by the oity estim ated th e valu e of the property as a
ing $35,000 in treasury), and its property, it is stated, in­ going concern at $ 4 8 8 ,3 5 0 ; th e appraiser appointed by the-com pany
$ 6 9 8 ,1 8 3 . Both of th ese valu ation s are less than th e to ta l face
cludes fifty creameries and milk stations in Nebraska,“worth va at lu
e of the bonds bearing a fixed rate o f in terest.
at a low valuation, $225,000’’ (not including good-will), and The injunction suit restraining th e city from m aking an arbitrary
in addition seven leased stations. Trustee for bondholders, reduction of 2u per c en t in the rates charged to private consum ers
has n o t y e t been determ ined. There are other su its pending in regard
F, H. Davis, Cashier First National Bank, Omaha.
to the p aym en t of ta x es, w hich h ave been deoided in favor of the com ­
North American Co.—Amalgamation —See Cincinnati pany in the low er courts. From these d ecisions an appeal has been
The directors believe th a t th e property w ill either shortly he
Newport & Covington Ry. above under “Railroads.”—V. 73, taken.
sold to the city , or th a t an arrangem ent satisfactory to the city au ­
p. 794.
th orities and to th e oompany w in be made, so th a t further litigation
In th e ev en t of th e sale to th e c ity it w ill be n eces­
Ontario Sugar Co.—Stock Offered,—The Bank of Nova w ill beforavoided.
the bondholders to send In th eir bonds, and to accept their
Scotia in Toronto and in Berlin recently received subscrip­ dsary
istributive share o f the ‘ fair and equitable valu e” o f the property, as
tions at par ($100 a share) for $250,000 of the $1,000,000 capi­ provided in the franchise. If the property is n ot sold it is believed
th
a t a readjustm ent of th e indebtedness of the com pai.y w ill be n eces­
tal stock (all common) of this beet sugar company, whose
sary, as th e p resen t earnings are n ot sufficient to p ay the en tire fixed
first factory is to be erected in Berlin, Waterloo County, charges.
The com pany w ill have sufficient funds to m ake a cash d is­
Ontario. Hugh Blain, of Toronto, is President.
tribution to th e holders of first con solid ated m ortgage bonds on March
1, 1 9 0 2 , w hen the n e x t coupon becom es due, hut w ill not be in a p o si­
Postal Telegraph-CableCo. of Texas(Bell Telephone).— tion
to pay it in full.
Circular.—H W. Poor & Co, of Bo-ton in a circular de­ The board of directors on Feb. 6, 1 9 0 2 , unanim ously resolved th a t
e bondholders be requested to send their first consolidated m ort­
scribe substantially as follows the bonds which they are of­ th
gage bonds and Incom e bonds to tb e A tlantic T rust Oo., subleet to the
fering and the property covered by them:
order of a com m ittee nom inated by the board of directors, consisting
eriiwB

of ite j^popertlos-

F irst m ortgage 5 per cen t sin k in g fund gold bonds, dated Jan. 1,
1898*, denom ination $ ,0 0 0 , due Jan. 1, 1 928; principal and se m i­
annual in terest Jan. l a n d J u ly 1 , p ayab le a t tb e offioe o f th e Old
Colony Trust Co., B oston, tru stee. A uthorized Issue, $ 2 ,0 0 0 ,0 0 0 ; o u t­
standing, $ 1 ,1 8 9 ,0 0 0 . Of th e $ 1 ,2 0 0 ,0 0 0 o u tstan d in g cap ital stock
$ 1 ,0 6 5 ,6 0 0 1 8 ow ned by th e Western T elephone & Telegraph Oo., which,
as part consideration for th e property o f th e E rie T elegraph <fc T e le ­
phone Co. (the original ow ner o f stock and guarantor of in terest and
sinking fund), has agreed to guarantee the in terest on th e bonds and
th e sin k in g fund paym ents. The A m erican T elephone & Telegraph
Co. ow ns considerably m ore th an a m ajority in terest in th e stock of
th e W estern Telephone & T elegraph Co. The earnings of th e Texas
P ostal Company for th e year 1 8 9 9 were: Gross, $ 1 9 0 ,7 6 6 : n et, $75,286; in 1 9 0 0 . gross. $ 2 3 7 ,9 7 7 ; net, $ 8 7 ,3 2 9 ; in 1 9 0 1 , gross,'$ 3 '-8,616;
n et, $ 1 0 5 ,1 1 4 ; in terest charge. $ 5 8 ,1 1 2 ; balance, surplus, $ 4 7 ,0 0 2 .
The P ostal Telegraph-Cable Co. of Texas w as organized under the
la w s of th e State of T exas M ay 2 3 , 1 8 9 6 . By a 5 0 year con tract en ­
tered into w ith th e P ostal Telegraph-Cable Co. of N ew Y ork th e
T exas Company is virtu ally a p art of th e general P ostal TelegraohCable Oo. system . The T exas Com pany has acquired from th e paren t
com pany th e exclu sive rights for Arkansas, T exas, L ouisiana w est
of the M ississippi R iver, and K an sas south of th e through lin es to the
W est. I t also has th e righ t to build con n ection s through to K an sas
C ity, Mo.
The tru st deed provides for a to ta l issu e of $ 2 ,0 0 0 ,0 0 0 to be issued
from tim e to tim e as authorized by resolution of the directors, but n ot
to ex ceed $ 6 0 0 per mile of teiegragh or cable line. The tru st deed also
p rovides th a t th e com pany shall, on Jan 1 in each o f th e y ea rs 1 8 0 3
to 1 9 2 7 , both ii elusive, p a y Into th e sinking fund a sum equal to 2 J4
per cen t of th e am ount of bonds outstanding, to be in nested In th e
com pany’s bonds at n o t to ex ceed 1 1 0 and interest. The to ta l p ole
m ileage Dec. 3 1 , 1 9 0 1 , w a s 2,655; to ta l w ire m ileage, 9,0 6 3 ; to ta l
offices, 82; num ber m essages handled, 2 ,5 9 7 ,6 4 8 .—V. 7 4 , p. 3 8 2 .

Quaker Oats Co.—First Dividend.—A quarterly dividend
of
per cent was declared last week on the company’s pre­
ferred stock, of which two shares, along with one-half share
of common, were given in exchange for one of American
Cereal, The dividend on American Cereal stock was also in
creased to 12 per cent, The following directors have been
elected:
H . P. Crowell, Cleveland; T, E. W ells, Chicago; Robert Stuart,
Chicago; J. H Andrews, Akron; Jam es H. P arm elee, N ew York; M. T
H errick, Cleveland; W. D, D ouglass, Cedar R apids, Iowa; G eorge A.
Cox. Toronto; P. E. Walker, Toronto; J. G. Sbhmidlftpp, C incinnati.—

Bailway Steel Spring Co.—Status. —Frank B. Smith of
Pittsburg confirms as practically correct the particulars
already published in these columns, and says:
We h a v e purchased absolu tely the stock and franchises of a ll the
com panies therein m entioned. There w ill be no bonds issued. The
capital stock issued w ill be $ 1 0 ,0 0 0 , 0 0 0 7 per cen t preferred cu m u ­
la tiv e and $ 1 0 ,0 0 0 , 0 0 0 comm on.—Y. 7 4 , p. 3 8 2

Standard Underground Cable Co.—Report.—'The report
presented at the recent annual meeting in Pittsburg, it is
stated, showed: Total business for the year $3,B39,673; divi­
dends paid (10 per cent on $1,500,000) $150,000; total surplus
$517,337, or more than double what it was two years ago.
The directors are:
Mark D, W atson. Jam es H. Willook, John D. N icholson, John Moorehead Jr,, Robrrt P itcairn, J. N. D avidson, Joh n B. Jackson, B. F.
J o n es and J. W. Marsh.—Y, 69 , p. 132.

of Charles F. Street, Frederick M, C olston, O. B. Jackso , Newm an
Erb, P. J. Cronan and F. E Whipple, and to accept, in exchange for
said bonds, receip ts w hich shall authorize th e com m ittee: (1) To d is­
pose o f th e property to th e city, if it elec ts to purchase. (2) If not, to
form ulate a plan of readjustm ent w hioh shall require th e appro' al in
w riting of a m ajority of tu e first consols b efore it becom es binding.

“The property is in good physical condition, and the earn­
ings are steadily increasing. The company has no floating
debt.”
Bondholders are requested to send in their bonds promptly
to the Atlantic Trust Co. so that there may he no delay in
the payment of interest upon the receipts.
Financial Statement.—A. statement of Jan. 15 shows:
F irst m ortgage 5 per cen t bonds, authorized, $ 4 0 0 ,0 0 0 ; held by
tru stee, $ 1 4 6 ,0 0 0 ; issu ed and outstanding, $ 2 6 0 ,0 0 0 ; second [first
consolidated] m ortgage 5 per cen t bonds, issued, $ 5 5 0 ,0 0 0 ; incom e
bonds, Issued, $ 5 5 0 ,0 0 0 ; cap ital stock, issued, $1 j 0 ,0 0 0 .
The operations for th e year ISOi. w ere a s follow s: R eceipts, publio
service, $ i4 ,5 0 0 ; p riv a te service, $ 5 8 ,1 0 3 ; iniseeliat eous, $1,9 2 9 ;
to ta l receipts, $ 7 4 ,5 3 2 . Deduct: operating expenses, $ 2 5 , '91; ta x es,
$ 6 ,1 1 6 ; m iscellan eou s, $ 2 ,5 2 1 ; construction charged to operation,
$ 7 ,1 7 8 ; balance, surplus, $ 3 3 ,1 2 5 .—V. 7 2 , p. 8 2 4 .

Twin City Telephone Co. of Minneapolis and St. Paul,

—Increase of Stock.—The shareholders having voted to in­

crease the capital stock from $1,000,000 to $1,500,000. the
new stock is offered at par to the present holders, and it is
expected will speedily" be subscribed. The growth of the
company’s business is reported as rapid and exceedingly en­
couraging.—V. 74, p, 52.
Union Heat Light & Power Co. of Covington.—Amal­
gamation.—See Cincinnati Newport & Covington Ry, on
page 426 under “Railroads.”—V. 73, p. 894,
United Gas Improvement Co.—Purchase, - See Connect­
icut Railway & Lighting Co, under “Railroads,” V. 74, p.
382.
United Shoe Machinery Co.—Purchase.—1This company
has purchased the plant and business of the O. A Miller
Shoe Treeing Machine Co. of Brockton, and it is said will
operate the same through the medium of a company to be
called the O. A. Miller Treeing Machine Co.—V. 72, p. 584,
United States Mortgage & Trust Co.—Bonds Offered.—
The company is offering at par and interest by advertise­
ment on another page its issue of $1,000,000 series M 4 per
cent first mortgage trust gold bonds dated Feb. 1, 1902,
due Feb. 1, 1922. redeemable Feb. 1, 1907. Guaranty Trust
Co. of New York, trustee. The properties covered by these
mortgages are appraised as follows: Land, $1,549,197; build
iDgs, $1,106,540; total, $2,655,787; fire insurance, $907,650.
Gross income from properties mortgaged, $239,216; taxes, in­
surance, repairs, etc., $54,199; interest on series M bonds,
$40,000,—V. 73 p. 681.
B T F o r o t h e r i n v e s t m e n t N e w s s e e Pna<- 4 3 4 .

F ebr u ar y 22, 1902.]

T H K

C H R O N IC L E .

a m i

4 8 1

g a a t m je r t t s .

P H IL A D E L P H IA

COM PANY.

A r I’Ll CATION TO .NEW YORK STOCK EXCH ANG E TO CIST PREFERRED A N !) COMMON OA RITA Ij STOCK.

Pittsburg, Pa ., January 20, 1902,
The Philadelphia Company respectfully makes applica­
tion for the listing of additional shares of its Capital Stock
as follows: 30,033 additional shares of Preferred Stock, of
the par value of $50 per share, aggregating $1,801,050; 259,504 additional shares of Common stock, of the par value of
$50 per share, aggregating $12,975,200.
Reference is made to the application for listing additional
shares of the Capital Stock of this Company, dated April
30. 1900 ( A—2332) for history of the Company's acquisition
of the shares of other companies and for various statements
in detail.
Of the Capital Stock of this Company, $14,719,950 of Com­
mon Stock and $3,998,350 of Preferred Stock is already
listed upon your Exchange, and, with amount applied to be
listed, will make a total of 116,000 shares of Preferred and
558,903 shares of Common Stock issued and outstanding.
A t a special meeting of the Stockholders of the Philadel­
phia Company, held in Pittsburg, Pa , on December 4, 1901,
the Capital Stock of the Company was authorized to be in­
creased from $21,000,000 to $36,000,000, all of which author­
ized increase should be in Common Stock, making a total of
$80,000,000 of Common Stock and $6,000,000 of Preferred
Stock. The Capital Stock under the authority of the Stock­
holders has been actually increased to $33,700,000, of which
$6,000,000 is Preferred Stock and $27,700,000 is Common
Stock. A t the meeting of December 4,1901, the Stockhold­
ers passed the folio wing resolutions:
[FROM THE MINUTES.]

‘ 'The Secretary read to the meetiDg the resolution of the Board of
Directors passed at their meetiDg of September 3 0 ,1 9 0 1 , so far as the
same applies to the proposed inoreaee of the Capital Stock of the Com­
pany, tbe portions read being as follow s:
“Resolved: First, That in the judgment of the Board of Directors it
is necessary, to accomplish and c a n y on and enlarge the business and
purposes of this Corporation, that its Capital Stook he increased from
the present authorized capital of $ 2 1 ,0 0 0 ,0 0 0 to an aggregate of
$ 3 6 ,0 0 0,0 00 , said Capital Stock when so increased to be divided into
1 2 0 ,0 0 0 shares, of the par value of $ 6 0 each, aggregating $6,00 0 ,0 0 0,
of Preference Stook. being the Preference Stock heretofore authorized
and created, and 6 0 0 ,0 0 0 shares, of the par valne of $ 5 0 each, aggre­
gating $30,0 0 0,0 00 , of Common Stook, all of said increase of Capital
Stock being Common Stock.
“Third, That this Board declares It to be the purpose of this Corpor­
ation to make such increase of its Capital Stock from an authorized
capital of $ 2 1 ,0 0 0,0 00 to an aggregate of $ 3 6 ,0 0 0,0 00 , which said in­
creased Capital Stock shall be issued from time to time as required to
accomplish, carry on and enlarge the business and purposes of this
Company, which said Capital Stock shall be divided Into Preference
and Common Stock, and shall consist of 1 2 0 ,0 0 0 shares, of the par
value of $ 5 0 each, aggregating $6,00 0 ,0 0 0, of Preference Stock, being
the Preference Stock heretofore authorized and created, and 600,0 0 o
shares, of the par value of $ 5 0 each, aggregating $ 3 0 ,0 0 0,0 00 , of
Common, all of which said increased Capital Stock shall he Common
Stock.
“And be it further resolved, That a special meeting of the Stockhold­
ers of tills Company Is hereby called to be held at the general office of
the Company, No. 4 35 Sixth Avenue, Pittsburg, Pa., on the 4th day
or December, a . d 1901, at 1 o’clock p. m , at which meeting the ques­
tion of the proposed in crease of the Capital Stock of this Company
shall be submitted to the Stockholders of this Company for their con­
sent, at which meeting or an adjournment an eleotlou of the Stock­
holders shall be taken for or against said increase, as provided by
law.
“ Upon motion, duly made and seconded, the [following resolution
was voted upon :
“Resolved, That the action of the Board of Directors, as shown by
the resolutions just read to us, is hereby approved; and we hereby
authorize the increase of the Capital Stook of this Company from its
present authorized capital of $ 2 1 ,0 0 0,0 00 to a total of $ 3 6 ,0 0 0 ,0 0 0 ,
to be divided into 7 2 0 ,0 0 0 shares, of the par value of $ 5 0 each.”
Acting under the authority given, the Directors of the
Company, on December 27, 1901, adopted the following reso­
lution:
“Whereas, The Stockholders of this Company, at their meeting held
December 4 ,1 9 0 1 , did approve of an increase of the authorized Capital
Stock of this Company from $2 1 ,0 0 0,0 00 to $3 ,or0,000, all of which
authorized increase should he Common Stock, and whtoh said increased
Capital Stock should be Issued from time to time as required to accom
plish, carry on and enlarge the business and purposes of this Company;
and
“ Whereas, It is necessary for that purpose that the Company shall
issae additional amounts of its Capital Stock; therefore
“Resolved, That the Capital Stock of this Company be forthwith
increased lrom $ 2 1 ,0 0 0 ,0 0 0 to $ 5 3 ,700,000, divided into 6 7 4 ,0 0 0
shares, of the par value of $ 5 0 each, all of such inorease to be Com­
mon Stock.
“ Resolved, That the President and Secretary are instructed to notify
the Transfer Agents and Registrars of Stook <f this Company of the
increase of the Capital Stock of this Company to an aggregate of
$ 3 3 ,'0 0 ,0 0 0 , all of said increase of capital, amounting to $ 1 2 ,7 0 0,0 00
to be Common Stock and to be divided into 2 5 4,000 shares, of the par
value of $. O each. And the said Transfer Agents and Registrars <f
Stock are authorized to certify and countersign from time to time
upon the order of the President of this Company 2 5 4 ,0 0 0 additi onal
Common shares of this Company, to an aggregate amount of $12,700 ,0 0 0, par value, and 3 0 ,0 0 0 additional Preferred shares oi this
Company, to an aggregate am ountof $l,8oO,oOO.“
The issue of stock above mentioned, and which is herein
asked to he listed, was authorized and ordered to issue, sub­
ject to the liens of the several companies as hereinafter
stated.
(\> For the purpose of acquiring Preferred and Common
shares of tbe Southern Traction Company, owning and
operating forty-seven miles of street railways in Pittsburg

and outlying boroughs ; there have been issued to Decern
her 31, 1901, 50,000 shares of the Common Stock of the Phil
adelphia Company for 50,000 shares .of Five per Cent Cumu­
lative Preferred and 50.000 shares of Common Stock of the
Southern Traction Company, being all the Capital Stock of
said Company. These shares are each of the par value of
$50.
(2) For the purpose of acquiring Preferred and Common
shares of the Consolidated Traction Company, owning and
operating One Hundred and Twenty-six Miles of street rail­
ways in the Cities of Pittsburg and Allegheny and outlying
boroughs. The total issued Capital Stock of the Consoli­
dated Traction Company consists of 240,< 00 Six per Cent
Cumulative Preferred shares (par value $50) aggregating
$12,000,000, and 300,000 Common shares (par value $50) ag­
gregating $15,000,000. On December 31, 1901, the Philadel­
phia Company had acquired 232,485 Preferred shares for
$11,624,250 in its Consolidated Mortgage and Collateral Trust
Five per Cent Fifty-Year Gold Bonds. 34,872;75 Preferred
shares and 11.624-25 Common shares. The basis of exchange
was one $1,000 bond, three Preferred shares and one Com­
mon share of Philadelphia Company, and $60 in money, for
each twenty Preferred shares of Consolidated Traction Com­
pany. The Philadelphia Company is ready to accept and
expects shortly to acquire on the same terms the remaining
7,515 Preferred shares of the Consolidated Traction Com­
pany. On December 31, 1901, the Philadelphia Companyhad acquired 245,699 Common shares of the Consolidated
Traction Company for 122,849)^ Common shares of the
Philadelphia Company. There are still outstanding and un­
acquired 4,281 Common shares of the Consolidated Traction
Company, which the Philadelphia Company is ready to
accept and expects shortly to acquire on the same terms,
and 50,020 Common shares held for the benefit of the Con­
solidated Traction Company, of which it expects to sell to
the Philadelphia Company on the same terms 37,000 shares
for the purpose of paying its floating debt and for the im ­
provement of its railways and equipment.
(3) For the purpose of acquiring 6,000 shares of stock of
the par value of $50 each (being all of the shares), of the
Southern Heat, Light and Power Company, operating elec­
tric light plants in boroughs adjacent to the City of Pitts­
burg; and Twenty-four shares of the par value of $50 each
(being all of the shares), of the Tustin Street Railway Com­
pany, operating about two-fifths miles of street railway in
the City of Pittsburg. For the shares of these two Com­
panies the Philadelphia Company issued in exchange 4,700
shares of its Common Stock.
(4) For the purpose of acquiring 5,000 shares of stock of
the par value of $50 each (being all of the shares) of the
East McKeesport Street Railway Company, operating six
miles of street railway between the City of McKeesport and
the Borough of Wilmerding. For the shares of this Com­
pany the Philadelphia Company issued 2,000 of its Common
shares.
(5) For 2,974 Common shares of stock of the United Trac­
tion Company of Pittsburg the Philadelphia Company has
issued 1 ,1 1 ® shares of its Common Stock, being one share
for two and two-third shares of the United Traction Com­
pany, and being the same basis of exchange detailed in the
previous application of the Philadelphia Company ( A—
2332). There are still outstanding 159 Common shares of
the United Traction Company, which the Philadelphia
Company expec's shortly to acquire.
(6) For 285 shares of Pennsylvania Natural Gas Company
the Philadelphia Company has issued 78% shares of its Com­
mon Stock, being one share of its stock for three shares of
Pennsylvania Natural Gas Company stock, upon the terms
detailed in application A 2332. There are still outstand­
ing 183 shares of the Pennsylvania Natural Gas Company,
which the Philadelphia Company expects to acquire upon
the same terms.
(7) The Philadelphia Company has issued and sold for
cash 46,000 of its Common shares, the proceeds of whioh
are to be applied as follows: $709,000 to pay cash to A . W .
Mellon, under contract for the acquisition of shares of
stock of the Pittsburg & Charleroi Street Railway Company
and a number of minor Street Railway Companies owned
by him; $720,000 to pay the cash payment of $3 per share to
the owners of Preferred stock of the Consolidated Traction
Company; $400,000 balance owing for 13,052 Common shares
and 46,553 Preferred shares of the Equitable Gas Company
(as detailed in application A.—2332); $75,000 owing for pur­
chase of shares of Union Gas Company of McKeesport, as
detailed in said application, and the balance to be used for
the general purposes of the Company.
(8) For the purpose of acquiring thirty-three Common
shares of Consolidated Gas Company of the City of Pitts­
burg, upon the same terms as set forth in application A —
2332, viz., one Preferred share of Philadelphia Company for
one share of Consolidated Gas Company.

132

THE CHRONICLE

The terms of the acquisition of all of the above proper­
ties, except the Equitable Gas Company, the Union Gas
Company of McKeesport and the few shares of the United
Traction Company and the Pennsylvania Natural Gas Com*
pany, are set forth in detail in the circular issued to the
Stockholders dated November 15, 1001, a copy of which is
filed with this application.
The number of Shareholders of the Philadelphia Com­
pany on December 20, 1901, was 1,503, as shown by the cer­
tificate of The Union Trust Company of Pittsburg herewith
submitted. The Transfer Agents of the Company are: in
Mew York, the Central Trust Company; and in Pittsburg,
The Union Trust Company. The Registrars of Stock are:
in New York, the Mercantile Trust Company; and in Pitts­
burg, the Fidelity Title & Trust Company.
No change has been made since filing of application A —
2,332 in form of stock certificates or in the Transfer Agents
or Registrars of stock.
The Company issues monthly to its Stockholders state­
ments of its earnings and of the earnings of companies
whose stocks it owns available to it as dividends. Copies of
the last statement for the calendar year ended December
31, 1901, are herewith submitted.
The Company has made an issue of Consolidated Mortgage
and Collateral Trust Five per Cent Fifty Year Gold Bonds,
secured by a Mortgage, dated November 1, 1901, of its prop­
erty and franchises., including all of the shares of stock
owned by it of the Consolidated Traction Company, the
Allegheny County Light Company, the Consolidated Gas
Company of the City of Pittsburg, the Allegheny Heating
Company and the Cbartiers Valley Gas Company. This
issue of bonds aggregates $22,000,<'00 ; $12,000 000 are to be
used only in the acquisition of Preferred shares of the Con
solidated Traction Company, $6,500,000 are reserved to take
up the existing issue of Mortgage Bonds of the Philadelphia
Company, and the balance of $3,500,000 are to be used from
time to time, under restrictions set out in the Mortgage, in
the improvement and betterment of the plant of the Com
pany or of the companies it controls through stock owner­
ship. The Trustee of this Mortgage is The Continental
Trust Company of Baltimore.
Annual reports are published, and a copy of the last re
port for the fiscal year ending March 31, 1901, is herewith
submitted.
Certificate of Counsel that all formalities in tlie increase
of stock have been complied with is herewith submitted.
Certified copy of the report of increase of stock, as re­
quired by the laws of Pennsylvania to be filed in the office
of the Secretary of the Commonwealth of Pennsylvania is
herewith submitted.
By the terms of an A c t of the General Assembly of Penn­
sylvania approved February 18, 1871, and made part of the
charter powers of the Company by reference in the Statute
incorporating the Empire Contract Company (now the
Philadelphia Company) approved March 22, 1871, it is pro­
vided: “ That the Capital Stock of said Company as author­
ized by said A ct or the stock thereof when increased in the
mode and manner prescribed therein may be in the whole
Common or in part Preferred Stock, as the said Company
may from time to time determine; and the said Company
are hereby authorized and empowered to issue said stock,
or any portion thereof, in payment of any debt or liability
incurred in the purchase of any property, or they may sell
or dispose of any portion of said Common or Preferred
Stoek at such terms and conditions as the Company may
agree upon with any party or parties, company or compan­
ies, or in the doing* of any other act authorized by the pro­
visions of the A c t to which this is a supplement.” By the
A c t to which this is a supplement, viz., the A ct of April 7,
1870, also referred to in the A c t incorporating the Empire

[V oL .

LXXIV.

Contract Company, it is provided in Fectiou 5 that the
' Directors “ are authorized and empowered to have and ex­
; ercise in the name and on behalf of the Company all the
j rights and privileges which are intended to be hereby
given.
The companies whose shares of stock have been acquired
and are to be acquired by the use of the shares of the Phila­
delphia Company hereby sought to be listed are subject to
the following mortgage liens:
C o n s o l id a t e d i it a c tio n

o o .:

Sundry mortgages of Street B allw ay Companies and Traetion Com*
parties owned by It, viz.:
Duquesue fraction Com pany........................... .............. $ 1 ,5 0 0 ,0 0 0
Pittsburg Traction C om pany................ ......................... 1 ,0 0 0 ,0 0 0
Central Traction C o m p a n y ............. .......... .
5 0 0 ,0 0 0
FT, Pitt Traction C om pany............................................
9 3 8 ,0 0 0
Citizens’ Traction Company...................................... .
1,0*20,000
A llegheny Traction Com pany......................... .
7 5 0 ,0 0 0
T o t a l . . . ........................ .................. .........................$ 6 ,3 0 8 ,0 0 0
The Consolidated Traction Oomimny has made no issue of bonds.
SOU TH ERN T it ACTION C O M P A N Y :

Mortgage Bond issu e...................... ............. ........................ $ 3 ,1 0 0 ,0 0 0
West End Traetion Co. (owned by Southern Traction Co.). 1 ,4 7 5 ,0 0 0
S o u t h e r n H e a t L ig h t & P o w e r C o m p a n y :

Mortgage Bond I s s u e .................................. ........................
L

a s t Mc K eefport

3 0 0 ,0 0 0

S t r e e t R a i l w a y Co m p a n y :

Mortgage Bond Issue............................... ............. ................

2 5 0 ,0 0 0

The Philadelphia Company was at the date hereof the
owner of the following shares of stock in the companies
named below, having acquired the same partly for shares
hereby asked to be listed, as follows:
5 0 .0 0 0 Preferred shares, aud
5 0 .0 0 0 Common shares of the Southern Traction Company, for
5 0 .0 0 0 Common shares of the Philadelphia Company.
2 8 2 ,4 8 5 .Preferred shares of the Consolidated Traction Company for
$ 1 1 ,6 2 4 ,2 5 0 in Cornu Imuted Mo n gage Bonds, 3 4 87 2 % Pre­
ferred shares, 11 ,6 2 4 % Common shares and $ 6 0 7 ,4 5 5 in
money.
2 4 5 ,6 9 9 Common shares of the Consolidated Traction Company for
1 2 2 ,8 4 9 % Common shares of lie Philadelphia Company.
6,000'sbares of the Southern H eat. L ight & Pow er Company, and
2 4 shares of the Tustin Street R ailw ay Company, for 4 ,7 0 0 Com"
mon shares of the P hlladeiptda Co.
5 ,0 0 0 shares of th e E ast M cKeesport Street Railw ay Company for
2 .0 0 0 Common shares of the Philadelphia Company.
2 ,9 7 4 Common shares of the U nited Traetion Company for 1,115%
Common shares of the Philadelphia Company.
235;Shares of the P en n sylvan ia Natural Gas Company for 7 8 %
Common shares of the Philadelphia Co.
2 5 Common shares of the Consolidated Gas Company of the City
of Pittsburg for 2 5 Preferred shares of the Philadelphia
Company.
There are outstanding and expected to be shortly ac­
quired upon the same terms:
7 ,5 1 5 Preferred shares of the Consolidated Traotion Company, re­
quiring $ 3 7 5 ,7 5 0 in Mortgage Bonds, l , i 27% Preferred shares
and 37 5 % Common shares of th e Philadelphia Company and
$ 2 2 ,5 4 5 in cash.
4 ,2 8 1 Common shares of the ^Consolidated Traetion Company, re­
quiring 2 ,1 4 0 % Common shares of the Philadelphia Company.
3 7 ,0 0 0 Common shares of the Consolidated Traotion Company to be
sold for cash and exchanged for Common shares of the P h ila­
delphia Company, requiring 1 8 ,5 0 0 Common shares of the
Philadelphia Company.
159.Com mon shares of the United Traotion Company, requiring
59% Common shares of the Philadelphia Company.
1 8 3 Shares of the Pennsylvania Natural Gas Company, requiring
6 1 Common shares of the Philadelphia Company.
8 Common shares of the Consolidated Gas Company of th e City
of Pittsburg, requiring a Preferred shares of the Philadelphia
Company.
Philadelphia Company shares—
P r e fe r r e d ,
C om m on.
Issued in exchange and for cash as aforesaid.
3 4 ,8 9 7
2 3 8 ,3 6 8
To t e issued in ex ch a n g e.........................................
1 ,1 3 6
2 1 ,1 8 6
3 6 ,0 3 3

2 5 9 ,5 0 4

SCHEDULE OF CAPITAL STOCK SHARES OF OTHER CORPORATIONS OWNED AT JANUARY 2 0 , 1 9 0 2.
Pledged to the M aryland Trnst Company, Trustee, under the Firstj M ortgage and Collateral Trust, dated March 1 , 1 8 9 9 —
The Philadelphia Company of West V irgin ia............................................. 1 0 Common shares, being all the Stock of the Company.
Cod solidated Gas Company of th e City of P ittsburg, P a ........... ........ . . ___ 7 9 ,9 9 2
“
4‘
out of a to ta l issue of 8 0 ,0 0 0 shares..
Chartiers V alley Gas C om panv............
2 9 .5 5 0
“
“
“
“
3 0 ,0 0 0
“
The A llegheny County Light Company........................
1 4 ,9 1 0 Preferred “
“
“
1 5 ,0 0 0
“
Allegheny H eating C om pany..................
2 ,6 4 1
“
“
“
u
5 ,0 0 0
“
Pledged to the Continental Trust Company, Trustee, under Collateral Mortgage, dated Novem ber 1 , 1 9 0 1 —
Consolidated Traetion C om pany............. — ........ ........................................ 2 3 2 ,4 8 5 Preferred shares out of a to ta l issue of 2 4 0 ,0 0 0 shares.
Consolidated Traetion C om pany................. .......... . . . . . . . . . ------. . . . . . . . . . . . 2 4 5 ,6 9 9 Common
“
••
“
3 0 0 ,0 0 b
“
Held In treasury of the Philadelphia C om pany44
44
44
4
4
United Traetion Company oi P ittsburg.............
3 3 9 ,8 4 1
3 4 0 ,0 0 0
44
44
44
*4
Pennsylvania N atural Gas C o m p a n y .............
1 9 ,8 1 7
2 0 ,0 0 0
“
44
44
44
if
Equitable Gas Company of P ittsburg................
1 3 ,0 5 2
1 4 ,0 0 0
4
4
4
4
u
Equitable Gas Company of P itt s b u r g ...........
4 ,6 5 3 Preferred
6,O' 0
«
Southern Traetion Company.......................... .
5 0 ,0 0 0 Preferred shares, being all the Stoek of the Compai
t(
44
it
1*
Southern Traotion C om p a n y ............ ............
5 0 .0 0 0 Common
44
U
<4
44
«*
Union Gas Company of M cK eesport..___. . . . . .
1 6 ,0 0 0
44
44
44
44
6 ,0 0 0
Southern Heat, Light & Power Company........
if.
44
t4
4*
44
E ast McKeesport Street Railw ay C om pany....,
5 ,0 0 0
«
4
4i
44
«<
44
Suburban Gas Company........... ......................
2 ,0 0 0
4
4
44
f
r
.
4
44
4
4
Low Pressure Gas Company.............................
1 ,0 0 0
44
44
tt
44
Pew, Emerson <ft O o., L im ited ........ ............. .
1 ,0 0 0
if
*4
44
44
1 ,0 0 0
American Transfer Company............ ................
** V
4*
4
4
4*
4
4
4<
Mans held & Chartiers Gas Company................
500
44
44
44
4
*
4*
Duqnesne Natural Gas C om pany.......................
200
4*
1.4
44
44
200
Fnel Gas Company of the County of Allegheny,
Ct
it
44
4*.
Tarentum Light & H eat Com pany........
....
100
ii
44
14
If
“
Carpenter N atural Gas Company......................
100
44
44
u
**
*4
Penn Fuel Company.............................................
100
it
44
44
«
44
Acme Gas C om pany...... .........................
100
it
a
(1
14
44
Braddock Fuel Company......................... ..........
70
*4
1
.4
44
Acme H eating Company................. ........... .
70
*4
44
*4
II
**
Acme Fuel Company...........................................
70
4*
44
14
A llegheny & Chartiers Railw ay Company........
60
44
44
a
Tustin Street Railw ay Company........ ...............
24

IHK

February 22, 1902.]

CHRONIC).*

GENERAL BALANCE SHEET
.A S S E T S .

t

C ost o f P lant .

Charter amt franchises.......................
Cart right*, leases and rights of w ay...
Real estate..........................................
Gas and oil wells.................................
Transportation and distribution lines
and service connections...................
Meters and regulators........................
Buildings.............................................
Telephone lines...................................
Tonis...............................
Office furniture and fixtures...... . .....
Horses, wagons, trucks and harness...

S

ecu rities

H eld

or

$100
643.777 14
520,426 77
4 7 7 ,1 2 5 6 5
6,108,179 28
88«,91 I 31
22,*427 73
35,804 5 7
45.000 00
14.850 09
5,632 05
$8,757,135 50

P ledged.

Materials...... .....................................
Unexpired insurance premiums.........

L IA B IL IT IE S .
C a p i t a l St o c k

Common ( » ,000 shares ..................$27,700 000 00
Preferred (120,000 shares)................. 6,000,000 00
-------------- $33,700,000 00
F unded De b t .
First Mortgage and Collateral Trust
Fifty-Year Five per Cent Gold
B on d s............................................... 4,250,000 00
Consolidated Mortgage and Collateral
Trust, Five per Cent Fifty-Year Gold
Bonds ............................................... 11,624,250 00
--------------- 15,874,250 00

C urrent L ia b ilitie s.

Accounts payable, Including unad­
justed Htate taxes___
__ _____
$337,679 52

Consolidated Gas Company, demand
loan and interest........ ......................
Accrued Interest, not due until March
1, 1902 on funded debt—First Mort­
gage Ronds........................................
AppropCation for dividend on Pre­
ferred Stock:, four months at Five
per Cent, not due until March 1,
1902........................................................

75,347 52
800,000 00
202,563 86
70,833 33
66,666 65

1,553,090 88
556,041 61

Profit and loss

734,245 10

Advances made account betterments
to the Allegheny Co. Light Company
O t h e r A ssets.

40,642,861 25

$671,467 76
435,221 85

Accounts receivable............................
Bills receivable:
Notes of United Trac­
tion Company............$295,013 12
Notes of Allegheny Co.
Light C om pany......... 4 3 9 ,2 3 1 9 8

OF JANUARY 1, 1902.

Consumers' advances and Interest on
same .................................................
Bills payable...................................

Capital Stock shares of other companies :
Pledged under 1st M tg .$ 7 ,5 6 3 ,96 3 75
Pledged under 2d M tg.20/'89,030 00
In treasury..................10,969,615 41
------------- $39,322,609 16
Capital Stock in treasury:
Common, 21,244 19-24
shares...................... $1,062,239 59
Pref., 5,160*4 shares...
258,012 50
------------- 1,320,252 09

A v a il a b l e C u r r e n t A ssets.
C a s h . ..................
..............................................

AH

260,000 0 0

2 ,1 0 0 ,9 3 1 7 1

$169,262 25
13,188 78

182,451 03

$51,683,382 49

$51,683.38 ? 49

The following is a comparative statement of Earnings and Expenses, Fixed Charges and Net Income of the Philadel­
phia Company for nine months of the fiscal year beginning April 1, 1901:

COMPARATIVE 8TATEMENT OF GROSS AND SET EARNINGS, EXPENSES, FIXED CHARGES AND NET INCOME.
F o r N i n e M o n th s E n d in g D e c e m b e r

1901.
Gross E arnings :
From sales of G a s...................................................... .................. == ........ - $2,001,246 86
82,673 81
From sales of o i l .............................................................. ............... .............
Operating E xpenses and Ta x e s :
Gas purchased........................................................................ .
.....
General expenses.... ....................................... .................................. ...........
Rights of way, farm rentals, etc ............. «,......................................................
Production expenees
.......................................... ....................................
Transportation and distribution expenses...........................
................
Selling and collection expenses__ T............... ................................................
Maintenance exp en ses..!........ ......... ...................... ............................-.......
Taxes................ * .................................................................... ......................

$83,247
88,3.42
315 197
37",044
103,503
33.115
492,3 tb
3,649

1900.

$2,086,920 67

$1,571,233 12
50.550 83

1,496,475 41

$75,775
71,366
179,971
353,254
97,695
31,695
403,346
38,340

82
52
88
66
14
77
95
44

$590,445 26

Net earnings from operations . . . .......................................... ..............
Other I ncome:
Rentals from buildings and real e s ta te .... ................ ...» .............................
Dividends from companies owned, leased and operated (see schedule below}
Interest on hank balances, securities owned and discounted material hills.
Total neb earnings and other income............................................... —
R eductions from I ncome-R entals of L eased Gas Lin es :
Chart!ers Valley Gas Company.................................................. ...................
Pennsylvania Natural Gas Com pany..............................................-...........
Interest on current l i a b i l i t i e s . ........................................................... Interest on consumers’ cash advances
- ........ ........... ............... .

47
74
02
23
26
28
90
51

$2,666 48
236,948 «4
51,148 26

290,763 68

08
00
66
00

156,355 74

$2,666 88
105,948 63
53,013 74

$38,541 67
70,833 33

1,251,447 18

161,629 25
$531,966 02

$78,414
14.130
20,501
2,369

86
63
06
01

115,415 56
$416,550 46

$724,853 20

Total income................... .......................................................... ...... *
F ixed Charges—I nterest on F unded D ebt :
On *4 ,250,000 1st Mortgage Bonds at 5%, April 1 to Aug. 31, 5 months......
On $4,250,000 1st Mortgage Bonds at 5%, Sept. 1 to Dec 31, 4 months......
On $4,125,000 1st Mortgage Bonds at 5%, April 1 to Aug. 31, 5 months---

$1,621,783 95

$370,336 77

$881,208 94
$105,728
22,150
27,352
1,125

31.

$70,833 33
85,937 50

D iv id e n d s o n P r e f e r r e d S lo ck .

Account of Dividend No. 3, paid Aug. 3 1 ,1 9 0 0 , on 79,967 shares for 5
months, at 5% ..........
.........
. ......... .................... ..................
Account of Dividend No 4, accrued, hut not due until March 31, 1901, on
80.000 shares for 4 months at 5 % ............. ..................... .....................
Account of Dividend No. 5, paid Aug. 3 1 ,1 9 0 1 , on 79,967 shares for 5
months at 5 % ..................................................... .................................... Account of Dividend No 6. accrued, but not due until March 3L, 1902, on
80.000 shares for 4 months at 5 % .................. .........................................
Net income, surplus..............................................................................
Philadelphia Company's interest in the total net income of affiliated cor­
porations .............
............................................... ..........................
O f which it has received in dividends which are included In the “other
Income" above.............................................................................................

83,292 08
66,666 65
83,292 08
66,666 65

309,333 73

3 0 6 ,7 2 9 56

$415,519 47

$109,820 90

$648,317 06
178,930 00

$441,444 01
469,387 06
$884,906 53

60,730

00

380,714 01
$490,534 91

PROFIT AND LOSS ACCOUNT DECEMBER 31, 1901.
Cr e d it .
Apr.
Dec.

1, 1901—Credit balance, as shown upon last annual report (copy filed)...............................
31, 1901—By net Income for nine months ended this date, as per statem en t........................
D e b it .

A or.
J u ly
Oct.

20. 1901—To dividend No. 76.
on $14 .7 52 .7 50 _________________________
1 0.1801 —“
••
“ 77, m % “ 14,763,050......................................
H, 1801 —*..................... 78, 1 «4 % “ 14,774,050.......................................
December 31,1901, by balance, undivided profits at this date.................................................... .........................

$1,220,389 36

604,347 75
$550,041 61

THE

434

C H R O N IC L E .

[V ol. LXXIV.

SCHEDULE OF DIVIDENDS ON STOCKS OF OTHER COMPANIES.
1901.
The Allegheny County Light Company
Allegheny Ho.illug Company............. .
Penneylvanla Natural One Company.
Union (iaa Uotnpauy of M c K e e e p o l 't .. . .
C h a r tie r e Valley One Company.............

3% $44,-30 OO
14% 36.974 OO
2%% $21,044 94
Iti.COO OO
4% 118,200 OO
-----------$ 238,943 94

a900.
$44,730 OO
13% 32,933 OO
1>4% 12,285 03
16,000 00
$105,948 03

U n der the C h arter th e D ire c to r s h a v e th e p o w e r to sell or
T h e C om m ittee on S to ck L ist r ecom m en d s th a t the a b o v e h y p o th e c a te a n y o f the stock s held in th e tre a s u ry o f the m en tion ed $1,744,850 a d d itio n a l P referred S to ck an d $11,C om p an y.
018,400 a d d itio n a l C om m on S tock be a d d ed to the a m ou n ts
T h e D irectors an d O fficers o f the P h ila d e lp h ia C o m p a n y 1 n o w o n th e list, m a k in g th e tota l a m o u n t o f P referred S tock
listed to da te $5,741,200, an d o f C om m on S to ck $26,638,850.
are:
DIRECTORS.
The C o m m itte e fu rth e r re co m m e n d s th a t it be e m p o w e re d
Ja m es D. G allery, M, K . M oM u llin, P a tr ic k C a lh ou n , H . to add to th e list fr o m tim e to tim e, b u t prior to J u n e 30,
J. B o w d o in , T. H . G iv e n , Josh u a R h od es, G e o rg e H . j 1902, $56,800 a d d itio n a l P re fe rre d S to ck and $1,056,800 a d d i­
tion a l C o m m o n S to ck , on official n o tific a tio n th a t said P r e ­
F ra zier, W illia m L. E lkin s, Ja m es H . R eed .
ferred a u d C om m on S to ck has been issued, in e x c h a n g e fo r
OFFICERS.
shares o f s to ck to be a cq u ire d o f co m p a n ie s n am ed in th e
P resid en t, Ja m es H . R e e d ; V ic e P resid en t, J a m e s D. a p p lic r t io n . T h e a m ou n t o f stock s, in clu d in g su ch a d d i­
C a lle ry ; S e cre ta ry . W . B. C a rson ; T reasu rer, C. J. B rau n | tion a l issues, shall n o t e x c e e d iu th e a g g re g a te $5,800,000
P referred S to ck an d $27,695,150 C om m on ?-tock.
J r .; A u d ito r, C. S. M itch ell.
W . H . G R A N B E R Y , C h a ir m a n .
P H IL A D E L P H IA CO M PAN Y,
A d o p t e d b y th e G o v e r n in g C o m m itte e F e b r u a r y 11, 1002,
B y J. H . R e e d , P r e s id e n t.
W M , M cC L U R E , S e c r e ta r y .
U n ited S ta le s S te e l C o r p o r a t io n .— A n n u a l M e e tin g .— T h e
annual m eetin g on M on d a y w as fo r the m ost part a fo rm a l
m a tter, the an n ual rep ort h a v in g alrea d y been p u blish ed
(see V 74, p. 272), T h e old d ire cto rs w ere re-elected , the
acts o f th e board o f d irectors an d the ex ecu tiv e com m ittee
an d the fin an ce c o m m itte e sin ce o rg a n iza tion o f th e c o rp o r a ­
tion on F eb. 25, 1901, w ere ratified, and the th ree agreem en ts
w ith J. P. M org an & C o., sy n d ica te m anagers, dated r e ­
sp ectively M arch 1 and A p r il 1, 1901, and Jan. 3, 1902, the
last bein g the agreem en t o f final settlem en t and m u tu a l re
lease, w ere ap proved.
T h ere w e ie a b ou t 19,600 separate in d iv id u a l stock h old ers
represented at the m eetin g, co n s titu tin g ov er 78 per cen t o f
th e en tire cap ital stock.
D i s t r ib u tio n to S y n d ic a te . — F o llo w in g th e m e e tin g , J.
P ie r p o n t M organ & C o., the m an agers o f th e sy n d ica te
w h ich u n d erw rote th e con solid a tion , decla red a d iv id en d o f
5 per cen t on th e $200,000,000 p led g ed by the sy n d ica te; on ly
$25,000,000 w as a ctu a lly pa id in, an d th is su m w as subse
q u en tly d istrib u ted , so th at the 5 p er ce n t n o w declared is
a d iv id en d o f 40 per cen t u p on tlie a m ou n t o f cash actu a lly
p rov id ed .
P r e f e r r e d S t o c k .— T h ere has been con sid erable ta lk on
th e Street th is w eek as to th e p ossib ility o f the c o m ­
p a n y ’s o ffe rin g to g iv e 5 per cen t bon ds in ex oh a n g e fo r
its $510,000,000 o f p referred stock , thus effe ctin g , if th e
e x ch a n g e be general, an annual sa vin g o f ov er $10,000,000.
G e o rg e W . P erkins, C h airm an o f th e F in a n ce C om m ittee o f
th e corp ora tion , says:

Sucli a plan lias been talked over Informally by several persons,''but
It has never been dlsonssed by the board of directors as such, and has
never been brought to the attention of the Finance Committee. There
is certainly nothing to indicate now that any such step will be taken.
We know nothing about it except as it may have been disoussed by
outsiders.
T h e su ggestion th at bon d s secu red b y th e e x istin g m o r t­
g a g e m ig h t be issued fo r th is p u rpose is o f cou rse a b su rd ,
the issue o f bonds u nder th at m o r tg a g e b ein g lim ited a b so ­
lu tely to $3^4,000,000, o f w h ic h $301,000,000 are ou tstan din g.
— V . 74, p. 382.

T h e F in a n c ia l R e v ie w (A n n u a l), pu blish ed a t the office
o f the C o m m e r c ia l a n d F in a n c ia l C h r o n ic l e , has been is­
sued.
It is a v o lu m e o f som e 300 pages, in clu d in g a c o p y o f
the J a n u a ry issue o f the I n v e s t o r s ’ S u p p l e m e n t b ou n d up
w ith it. It is an in va lu a b le b ook fo r r e feren ce th r o u g h o u t
th e year.
S om e o f its co n te n ts are as fo llo w s :
R e tro s p e ct o f 1901, g iv in g a com p reh en sive r e v ie w o f the
business o f th at y ear, w ith statistics in each d ep a rtm en t,
financial and com m ercia l.
B ank C learings in 1901, w ith com p a ra tiv e statistics fo r 20
years.
R e c o rd o f T ran sa ction s on the N ew Y o rk S to ck E x ch a n g e
in each o f the past 10 years.
Secu rities listed on the N e w Y o rk S tock E x ch a n g e in 1901.
M on ey rates b y m on th s fo r past seven years on a ll classes
o f loans.
W eek ly B ank Statem en ts in 1901.
C ro p S tatistics fo r a series o f years.
Iron and C oa l—P ro d u ctio n fo r a series o f years.
G o ld and S ilv e r —P ro d u ctio n fo r a series o f years and
M on th ly R a n g e o f P r ice o f S ilver fo r three years.
E x p orts and Im p orts fo r a series o f years.
C om p a ra tive prices o f M erchandise.
F oreig n E x c h a n g e -D a ily P rice s in 1899, 1900 an d 1901.
Bank o f E n g lan d W e e k ly S tatem en ts in 1901.
G ov ern m en t B on d s—M on th ly R a n g e sin ce 1860.
State B o n d s —R e c o r d o f P rices since 1860.
R a ilro a d B on ds and S to c k s —M on th ly R a n g e o f P rices fo r
five years in N e w Y o r k an d fo r one year in B oston , P h ila ­
delphia and B altim ore.
I n v e s t o r s ’ S u p p l e m e n t —D escrip tion o f R a ilr o a d and I n ­
du strial S ecu rities, R e co rd o f E a rn in gs, D iv id en d s, etc.
The p rice o f the R e v ie w is $2.
W illia m B. D an a C o., 76>£ P in e Street, N e w Y o r k .
C opies m a y also be h ad fr o m P. B a rtlett, 513 M on a d n ock
B lock , C h ic a g o ; E d w a rd s & S m ith , 1 D rapers G ardens,
L on d on .

— A series o f p u b lica tion s b y F red . C. M ath ieson & Sons
o f L on d on has ju s t been receiv ed . T h eir nam es are: “ H an d B ook fo r In vestors fo r 1902;” “ A m e rica n T raffic T a b le s ;”
“ M on th ly M ining H an d B o o k ;” also a su pplem en t to the la t­
ter and lik ew ise the “ M on th ly In vestm en t L ’ s l ” T h e firstnam ed con tain s a record o f L o n d o n S to ck E x ch a n g e prices
and d iv iden ds fo r the past ten years. T h e “ T raffic T a b les”
The cost of the new farnace. eto., owing to inorease In the coat of is a m o n th ly p u b lica tio n d ev oted , as its n am e im p lies, to r e ­
construction, was nearly $1,000,000, in place of about $15 0,0 00 as ports o f A m erica n railroads, w h ile the “ M in in g H an dexpected; $ 700,000 was derived from sale of stock and bonds and the B ook ,” w ith the p rice su pplem en t, con tain s a v a rie ty o f in ­
remaining $ 3 0 0 ,0 0 0 from working capital. Capital stock outstand­ form a tion con cern in g listed m in in g corp ora tion s. T h e
ing, $1,444,740; bonds, $30 0,0 00 .—V. 73. p. 915.
“ M onthly Investm ent L is t1’ sh ow s the p rice on the 1st o f
Ja n u a ry and the h igh est an d low est p rice fo r 1900 and 1901
— The H a n d -B ook o f R a ilroa d S ecu rities, c o m p ile d b y th e fo r the p rin cip al g ov ern m en t bonds, A m erica n ra ilw a y bon ds
pu blish ers o f the F in a n c ia l C h r o n ic l e , is n o w rea d y . an d stock s, B ritish , c o lo n ia l and fo r e ig n corp ora tion s e c u ri­
T h e book con ta in s in sm all com pa ss a vast a m ou n t o f ties and m in in g shares.
in form a tion co n c e rn in g the v a riou s railroad s and a n u m b er
— T h e U n ited States M ortga ge & T ru st C om pan y advertises
o f the indu strials w hose secu rities are dealt in on th e lea din g
an issue o f $1,000,000 4 per cen t first m o rtg a g e tru st g old
S tock E xch an ges. It sh ow s th eir earn ings, d iv iden ds, e tc.,
bon ds, dated EYb. 1, 1902, and du e F eb. 1, 1922; interest F e b ­
fo r a series o f years, th eir present fix ed ch a rges, and also the
ru ary 1 and A u g u s t 1. T h ese bon ds are a d irect o b lig a tion o f
am ounts o f the d ifferen t issues o f bon ds ou tsta n d in g, their
the com p a n y and secu red bjr d eposit w ith the G u a ra n ty
rates o f interest, etc. TUere is also g iv en the m on th ly ran ge
T ru st C om pan y o f first m ortg a g es*on c ity real estate. F or
o f stock s and bon ds fo r 1900 and 1901 and a y e a rly ran ge for
a d d ition a l details see th eir a d vertisem en t on page vtii.
the past fo u r years. P r ice on e dolla r, or to C h r o n ic l e su b
sorib ers, seven ty-five cents.
— R ich a rd son & C lark, bankers, o f P rov id en ce, R . L. h ave
' issued a “ H an d -b ook o f R h od e Island In vestm en ts.” S im ilar
— A tten tion is ca lled to the o ffe rin g b y H . A . C rosb y , 25
com p ila tion s h ave been issued by D avis & D exter and G . L .
Broad St., o f the sto ck o f a cop p er com p a n y . P a rticu la rs
& H J. G ross, both o f the sam e city .
w ill be fo u n d iu th e advertisem en t. M r. C rosb y is w ell
k n ow n in fin an cial circles, h a v in g been fo r m any years in
— E. D Shepard & Co. are offerin g C ity o f B a yon n e, N. J . ,
ch a rg e o f the N ew Y o r k fin an cial office o f th e St. L ou is I r e fu n d in g w ater 4-t, m a tu rin g iu 1932. D etails o f the Issue
A lto n & T erre H au te R R .
! are given in their ad vertisem en t ou page 444.

U n ite d Y e r d e C o p p e r C o .— E a r n i n g s .— T h e ea rn in g s fo r
the calen d ar y ea r 1901 w e re $3,235,845; d iv id en d s paid, $2,924,142; balance, $311,703; to ta l su rplu s D ec. 31,1901, $1,247,1 8 6 . - V . 70, p.832.
W a r w ic k Ir o n & S te e l C o.— R e p o r t .— T h e rep ort fo r the
calen dar y ea r 1901 sh ow s net p rofits fr o m op era tion o f $18,030. F u rth er fa cts fo llo w :

THE

F e b r u a r y 32, 1902.J

C H R O N IC L E

IJixjc i&ommzvtml
C

o m m e r c i a l
e p i t o m e .
F r i d a y N i g h t , F eb . 21, 1902
T h e severe sn ow -storm ex perien ced M on d a y has seriou sly
in terfered w ith business in the E astern States. A d d e d to the
difficu lty in tran sp ortin g m erch a n dise ra p id ly in the in te rio r
has been the delay in h an d lin g g o o d s a t th e sea boa rd, w ith
the result that there has been a d isp osition sh ow n in som e
lines to h o ld ba ck fr o m p la cin g orders u n til th e presen t c o n ­
gestion in traffic is to som e ex ten t relieved. R e la tiv e to the
general business ou tlook , con fid en ce has con tin u ed q u ite p r o ­
n ou n ced . R ep orts fr o m the p ig iro n m a rk et h ave been o f an
u n u su ally stron g situ ation , and th e sc a r c ity o f som e grades
o f steel has con tin u ed qu ite p ron ou n ced . In d ry g ood s circles
the m arket fo r co tto n g o o d s has been a stron g on e, reflectin g
th e recen t ad va n ce in co tto n valu es, an d restricted offerin g s
o f supplies fo r p rom p t d e liv e ry h ave reta rd ed b u y e rs’ op era ­
tions. G ra in m arkets h ave h eld steady, and a fea tu re ha3
been the re v iv a l o f an a ctiv e e x p o rt d em an d fo r w h ea t.
P rospects fo r th e w in te r-w h e a t c r o p h av e been rep orted
p rom isin g, the p la n t b ein g w e ll p rotected fr o m th e severe
w eath er b y a g o o d sn ow co v e rin g .
L a rd on the spot has h a d on ly a sm all sale, th e dem and
fr o m ex p orters has been lig h t, and refiners h ave been lig h t
bu yers. P rices h ave sh ow n n o im p orta n t ch a n g es, alth ou gh
la rg e receip ts o f sw in e h ave had an u n fa v o ra b le in flu ence
again st th e m arket. T h e close w as q u iet at 9 '65c. fo r p rim e
W e s te r n and 9@9*25c. fo r p rim e C ity. R efin ed la rd has had a
fa ir sale to th e W e s t Indies, clo sin g a t 9'70c. f o r refined fo r
th e C on tinen t. S p ecu lation in la rd fo r fu tu re d e liv e r y has
been q u iet and p rice changes h av e been u n im p ortan t. T h e
clo s e w as q u iet.
D A IL T CLOSING PRICES OP LARD FUTURES.

Sat.

M on.

T uts.

Wed.

T h u rs.

F r «.

February............................... 9*72 9 70
9-72
9*65 9 65 9 65
P o r k has h a d on ly a lim ited sale in the lo c a l m arket, bu t
prices h ave held steady at $16 00@17 00 fo r m ess, $17 00@
17 25 fo r fa m ily and $17 50@19 50 fo r sh ort clear. B eef has
been in fa ir dem an d and steady, c lo sin g at $8 50@9 00 fo r
m ess, $10 5 0 @ 1 1 5 0 fo r paoket, $12@13 00 fo r fa m ily and
$18 50@ 19 00 fo r extra In d ia me3s in tcs. T a llo w has had
on ly a lim ited sale, b u t p rices h ave been steady, clo sin g at
6 ^ c . Stearines h ave been easier, clo sin g at 1 0 ^ @ 1 0 ^ c . fo r
la rd stearins and 9 % c . fo r oleo-stearin e. C u t meats have
been d u ll, bu yers h old in g o ff fo r lo w e r prices, closin g at
6 % @ 7 e. to r p ick led shoulders, 9i^ @ 10% c. fo r p ick led ham s and
8 ^ @ 8 M c - fo r pick led bellies, 14@10 lbs. average. C otton seed
oil has had a fair sale. T h e close w as steady at 41J^@42c.
fo r prim e y ellow . B u tter has been in fa ir dem an d and
firm er, closin g at 18@30c. fo r crea m ery . Cheese has h ad a
fa ir sale and p rices have ad va n ced to 7@123^c. fo r State
fa c to r y , fu ll cream . Fresh eggs h ave been firm and h ig h e r ,
clo sin g at 3 5 ^ @ 3 6 c . fo r c h o ic e W estern.
B ra zd grades o f coffee h ave had a m od era te d istrib u tin g
sale. T h e dem an d has been fre e ly m et, a con tin u ed large
c r o p m ov em en t m a k in g sellers p len tifu l and prices h ave
w eaken ed sligh tly, closin g at 5% e. fo r R io N o. 7. W est In dia
g row th s have had a slig h tly b etter sale, esp ecia lly the better
grades, and at steady prices, clo sin g at 8 ^ c . fo r g o o d C u cuta.
Sp ecu lation in the m arket fo r con tra cts has been qu iet and
p rices have w eakened slig h tly in the absen ce o f dem an d.
T h e close w as easier u n der m ore aggressive sellin g. F o llo w ­
in g are the closin g asked p rices :
F e b . . . . . . . . . . . . . 5 '2 0 o . |J u n e .................... 5 -50o. ( B ept......... .
5 ’ 75e.
M arch ...........
5*20o. I July . . . . . . . . ____ 5 '5 5 o . O o t ....................... 5 8 0 c .
M a y ............ 5-40c. I A u g _______ ___ 5 ‘ 65e. I D e e ......... ......... 5 '9 5 o.

R a w sugars h ave been in fa ir dem an d and firm , closin g at
3% e. fo r cen trifu g a ls 96-deg. test and 3J^c. fo r m u scov a d o 89deg . test. R efin ed su gar has been in fa ir dem an d, and
p rices h ave been ad va n ced to 4'80c. fo r gra n u lated . O ther
staDle g roceries h ave been w ith o u t changes.
K en tu ck y to b a c c o has been in lim ited su pply and firm ly
h eld, bu t business has been qu iet. T h e dem an d fo r seed leaf
to b a c co has been flat, n o tran saction s o f im p orta n ce being
reported; prices h ave been qu oted n om in a lly steady.
O nly a sm all v o lu m e o f business has been tran sa cted in
th e m a rk et fo r Straits tin, b u t as th ere has been n o especial
pressure to sell, prices h ave h eld fa irly steady, closin g at 25
@ 2 5 '30c. In g o t cop p er has been fre e ly offered , and prices
h ave w eakened to I 2 ^ @ 1 2 % c . fo r L ake. L ead has been
steady a t 4 12J^c. fo r d om estic. Spelter has a d va n ced to
4'2 0 @ 4 ’25c. P ig iron has been in g o o d dem an d an d firm ,
closin g at 14'75@18*50.
R efined p etroleu m has been u n ch a n ged, clo sin g steady at
7'20c. in b b ls., 8 80c. in cases and 4'65c, in b u lk . N aphtha
has been unchan ged at 9'05c. C redit balances h ave been u n ­
ch a n g ed at $1 15. Spirits tu rpentin e has been u n ch a n ged
and steady at 4 4 ^ @ 4 5 c . R osin s h ave been in m od era te
dem an d, closin g at $1 55@1 5 7 ^ fo r c o m m o n and g o o d
strained. H ops have been firm but q u ie t . W o o l has been
q u iet bu t steady.

435

C O T T O N .
F r id a y N i g h t , F eb ru a ry 21, 1902.
T h e M o v e m e n t o f t h e C r o p , bb I n d ic a te d b y o u r teleg ra m s
from th e S o u th t o -n ig h t , Is g iv e n b e lo w . F or th e w eek e n d in g
this e v e n in g th e t o t a l r e c e ip ts h av e rea ch ed 156,405 bales,
against 156,577 b a le s la st w eek a n d 118,354 b a le s th e previous
week, m a k in g th e t o t a l r e c e ip ts s in c e th e 1st o f S ept., 1901,
6,215,547 b a les, a g a in s t 5,763,408 ba les fo r th e sam e period o f
1900-1, s h o w in g an in cr e a s e sln o e Sep. 1,1901, o f 452,189 bales.

Wed. Tkurs.

Fn.

Total

6,0 64 10 ,7 7 7

6,490

.......

.......

.. ....

........

......

4 ,4 6 6
32

7 ,7 3 6
504

8 ,4 1 6 15 ,3 9 0
1,121
1,146

5,7 12
85

6,667
8,483
7,8 31
553
186
3,425
4,8 22
598
65
1,875

43 ,747
8,483
49 541
3,4 41
188
14,221
4,822
5,922
65
5 ,6 6 4

Sat.

Uscsipts at—

Mon.

la lv e s t o n .........
Bab. P ass, A o.
Y ew O r le a n s ...
M o b ile ... . . . . . .
’ e n s a o o la , A c .
ta v a n n a h .........
B rn n sw ’ k.A o.
th arleston .......
Pt. R o y a l,A c .
V llm ln g to n ....
W ash’ t o n .A o
N orfolk . . . . . . . .
Y’p ’ t N ew s, A o.
Yew Y o r k ........
B oston_____ . . .

6 .6 0 9

Baltimore.......
’ hlladel’ a, Ao..

.. ....

Tv.es.

7 ,2 4 0

......

........

........

......

........

1,898

2,105

1,906

2,3 82

2,505

.. ....

.. ....

........

......

.. ....

859

1,4 67

1,561

764

673

......

.. ....

.....
1,081

1,433

789

........

........

1,744

2 ,1 9 4

2,1 36

......

........

260
468

446
399

215

271

........

.......

3,653

1,708

......

......

........

250
348

65
1,008

45 2
702

........

. . ....

........

1,033
537
705
83 0
689

517

88

81

12 ,468
537
2,1 78
3,7 55
689
68 6

rot. this week 17 ,7 4 0 2 1 ,7 0 4 2 7 ,5 9 6 31 ,6 8 6 19,380 38,299 1 5 6,40 5
The fo llo w in g sh ow s th e w e e k ’s to t a l re o e lp ts ,t h e t o t a l sln o e
th e s t o c k t o -n ig h t , c o m p a r e d w it h la st y e a r ,

dept.1,1901, a n d
Beceipts to
Feb. 21.

1901-02.
This Since Sep.
week. 1, 1901.

1900-01.
This Since Sep.
week. 1, 1900.

Stock.
1902.

1901.

43.747 1,740,840 31,257 1,585.524
8,483
53,689
3,548
36.927
49,541 1,806,127 38,178 1,890,525
3,441 144,386
1,951 106,936
186 173,040
6,847 117,278
14,221 989,583 16,610 851,523
4,822 122,411
987
81,869
5,922 242,301
2,225 200,162
65
1,533
801
67
5,664 257,809
2,301 230,415
375
522
12,468 387,927
4,886 312,547
20 985
537
196
31,251
2,178
94,078
5,652
90,432
3,755
93,220
6,749 164,692
63,773
689
46,299
693
686
23,470
516
15,705

144,433

175,199

341,578
25,143
61,984
3,767
13,149

367,745
25,974
.•*•*»*
89,208
4,408
9,389

17,654

3,630

47,264
159
124,046
55,000
8,619
5.065

23,197
151,607
73,000
11,788
3,980

Totals....... 156,405 6,215,547 122,668 5,763,408

847,761

939.125

lalveston...
Sab. P., Ao.
Yew Orleans
Mobile........
e’saoola,Ao.
savannah...
Br’wlok.Ao.
Jharleston..
P.Royal.Ao.
Wilmington.
vVaeh’n, Ao.
Norfolk. . . . .
Y’port N., Ao
Now Y ork...
Boston........
Baltimore. .
ahlladel,Ao.

In o r d e r t h a t c o m p a ris o n m a y be m a d e w ith o th e r y e a r s ,
we g iv e b e lo w th e to t a ls a t le a d in g p o r ts f o r s ix sea son s,
Receipts at—

1902.

1901.

1900.

1899

1898.

1897.

lalves’n.Ao.
Yew Orleans
Mobile. . . . . .
savannah...
lhas’ton, Ao.
Yllm'ton, Ao
Y orfolk .. . . .
Y. Nows, Ao.
All others...

52,230
49,541
3,441
14,221
5,987
5,664
12,468
537
12,316

34,805
?8,178
1,951
16,610
2,292
2,301
4,886
196
21,449

35,017
49 709
4,764
42 449
8,548
5,747
12,228
787
20,452

23,893
30.165
3,358
10,702
1,722
720
6,096
260
5,959

33,947
63,176
7,140
20,287
7,932
1,870
6 278
487
21,357

19,846
30,546
5,601
13,554
2,841
590
6,907
198
4,312

tot. this wk. 156.405 122.668

179,701

82,875

162.474

84,395

■sinoe Sept. 1 6215,547 5763,408 5348.340 7135,639 7359 460 5940 209
The e x p o rts fo r the w eek e n d in g th is e v e n in g re a o h a i c a l
if 130,687 bales, of w h io h 55,095 w ere to G rea t B r ita in , 22,381
«o F ran ce and 53,211 to th e rest o f th e C o n tin e n t, B elow
t r e t h e e x p o r t s fo r th e w eek a n d s in o e Sep t. 1, 1901
ex p o rts
fr o m —

W ish M n d in , F eb. 21, 1602.
M xported t o —

O rst t
O o n ti- T o ta l
0na<
F r a n ce
F ra n ce
B r t t ’n .
runt. W e ek . B r i t a in .

ta lv e ito n ........ 14,324 11,047
8,100
tab. Pas*. A o..
sew O rle an s.. 10,075 11,057
..........
..........
lo b lle ...............
’ eneaoola........
.........
Savannah.........
5,320
8,479
srun ow lok. . . .
ib a r le i t o n ....
3,040
..........
..........
"ort R o y a l ....
v ilm ln K to n ...
..........
lo r fo lk .............
......... ..............
C port N ., Ao.. ..........
..........
4ew Y o r k ........
1,425
277
2.428
S o ito n .............
300
taltim ore........
..........
'blla d elp h la ..
tan F ran., A o.. ..........
T o ta l..............

From S e .i 1,1901, to F eb . 21,1902
E x p o rted t o -

50
29,932
7,079

9,884
........

35,421
8,100
57,004
7,070
5,320
13,348
8,010
..........

......
2,881
95
1,272

..........
4,583
2.518
1,572

2,038

2,038

C o n ti.n tn t.

701.222 293,005
19,005
042.411 239,302
62,370
72,800 12,074
201.841 48,345
05,920
5,048
59,183

889 814 1,444.641
18,157
37,853
407 456 1.349 108
29,809
82,185
00.711
151.761
430.240 080 429
30,047 101,021
09,214 128,397

119.075
15,901
24,969
231.383
115,706
38,254
9,089
452

115,948
2,100
18,082
700

148,093
4.348
29,408
2,103
1.18.773

285.028
18,001
24,959
893,103
190,108
08,412
11.702
119.225

55,065

22,381

53,211 180,087 2,480511 018,350 1,928.205 4,972,182

t'otai, 1600-01. 61,803

14,417

80,911 140,000 2,164.913 605,880 1.005 458 4,825.701

THE

436

C H R O N IC L E

JLu a d d it io n co A b ove e x p ort*!, o a r t e le g r a m s t o -n ig h t a lso
g iv e as th e fo llo w in g a m o u n ts o f o o t t o n o n s h ip b o a r d , n o t
d iea red , a t th e p o r ts n a m e d .
W e a d d s im ila r fig u r e s f o r
He w Y o r k , w h lo h a re p r e p a r e d fo r o u r a p eoia l u se b y M easr*.
L a m b e r t & B a r r o w s . P r o d u c e E x c h a n g e B u ild in g .
on
F eb.

21 a t—

snimoAKD, NOT ui.su turn so n --

Q*rOr ea t
Other
B r ita in F r 'n ce m a n y . i'o r’ g n

5 00
1,185
1,000

L e a v in g
stock.

to ta l.

4 3 ,5 0 0
6 6 ,0 7 2
8,000
3.000
8.000
13,000
1,100
5,000

2 8 8 ,0 7 8
8 8 ,361
5 3 ,8 8 *
10,149
17,143
3 4 ,2 6 4
1 2 2 ,9 4 6
8 5 ,164

45,323 10,580 4 7 ,5 8 4 18,500 15,685 1 3 7,672

7 1 0 ,0 8 9

New Orleans* 10,000
Galveston, ... 20,323
(Savannah* ...
Charleston *..
3 .0 0 0
M obile..........
8.000
Norfolk'’ __ _
New York...
1.000
Other ports ,
3,000
Total 1902.

V&Uitr
unaa.

9 .000 18,000
500
4,580 2 9 ,484
7 .000

6 ,0 0 0

1 3 ,0 0 0

'Too

3.000

Total 1901.. 2 8 .6 9 2 2 9 .410 4 1 ,5 8 5 15,997 22,743 1 3 8,427
Total 1900. 02,796 20,241 -—-89,793--- ' 2 9 ,474 282,744
* Estimated -Returns missing on account of storm.

8 0 0 ,6 9 8
8 1 8 ,7 5 2

S p e cu la tio n in c o t t o n fo r fu tu r e d e liv e r y haa been fa ir ly
a c tiv e , b u t th e to n e o f th e m a rk e t has b een u n s e ttle d a n d
n erv ou s. E a rly in th e w eek th e te n d e n cy o f p rice s w as
u p w a rd , th e stre n g th o f th e m a rk et fo r M a rch c o n t r a c t s b e ­
in g th e su sta in in g fa c to r . P r o m in e n t in terests w e re re p o rte d
m o d e ra te ly fr e e b u y e rs , k eep in g th is m o n th at a p re m iu m .
I t is c la im e d th at a co n s id e r a b le q u a n tity o f c o tto n w ill be
sh ip p ed to N e w Y o r k , a ttr a c te d b y th e r e la tiv e ly h ig h p r ic e
r u lin g fo r M a rch c o n tra cts , D a r in g th e la tter p a r t o f th e
w eek v alu es sh o w e d a r e a c tio n a r y te n d e n cy . M u c h ta lk w a s
h ea rd at th e c lo se o f th e w eek to th e e ffe c t th a t th e la rg e
ou tsta n d in g sp e cu la tiv e in terests in M a rch c o n t r a c t s h ad b een
settled . T h e c r o p m o v e m e n t w as la rg e fo r th e season o f
th e y ea r, an d th ere w a s co n s id e r a b le se llin g b y lo n g s to r e a l­
iz e p rofits. T h e e x p o r t m o v e m e n t o f c o t t o n has c o n t in u e d
h e a v y , a n d th is h as h a d a te n d e n cy to off-se t the e ffe c t o f the
fr e e c r o p m o v e m e n t.
T h e a d v ic e s fr o m th e S o u th h a v e
re p o rte d firm sp o t m a rk e ts, w ith th e d e m a n d fa ir ly brisk
fr o m sp in n ers a n d d ea lers ; e x p o rte rs , h o w e v e r , h a v e been
rep o rte d s lo w e r b u y e rs . T o -d a y th ere w a s a q u ie t h o lid a y
m a rk e t, w ith n o im p o r t a n t c h a n g e s in p rice s. T h e close
w a s stea d y a t 3 p o in ts a d v a n c e to 2 p o in ts d e c lin e . C o tto n
on th e sp ot h as been firm er, c lo s in g a t 8 13-16c. f o r m id d lin g
n p lan ds.
T h e r a te s o n a n d o ff m id d lin g , as e s ta b lis h e d N o v . 2 0 ,190 1,
b y th e R e v is io n C o m m it te e , a t w h ic h g r a d e s o t h e r th a n
m id d lin g m a y b e d e li v e r e d o n o o n t r a o t , a r e a s f o l l o w s ,

Pair................................ .0 .1 *1 4 on
Middling F a ir .......... .
0*80 on
Strict Good Middling........ 0-50 on
Good Middling....... .
0 32 on
Strict Low M iddling...... 0-14 off
Low Middling.............
0-38 off
Strict Good Ordinary .. . . . 0*72 off
Good O rd in ary.............. 1*00 off

Good Middling T in ged ....
Strict Good Mid. Tinged.c.
Strict Middling Tinged__
Middling T in g e d ...........
Strict Low Mid. T inged...
Middling Stained . . . . . . . . .
Strict Low Mid. Stained...
Low Middling S tain ed .....

Even
on
0 0 6 off
0-12 off
0 '3 4 off
0 - 5 0 oft
1-06 off
1-50 off
0 -2 0

O n t h is b a s is th e o ffio ia l p r ic e s f o r a f e w o f th e g r a d e s fo r
th e p a s t w e e k — F eb , 15 to F e b . 21— w o u l d b e a s fo llo w s .

UPLANDS.

S a t,

Good Ordinary.
.......
Low M iddling..—. . . . . . . . . . . . . '
Middling,___. . . . . . . . . . . . . . . . . .
Good M iddling...— . . . . . . . . . . .
Middling F a ir ............ .....
GULF.
Good Ordinary.. . . . . . . . . . . . . . . .
Low M iddling..—. . . . . . . . . . . . .
M iddling.... .. „ „ „ „ .. .... ... ...
Good M iddling....... . . . . . . . . . .
Middling F a ir ...................
Low M iddling.... . . . . . . . . . . . . . .
M id d l in g ........................
Strict Low Middling Tinged...
Good Middling Tinged— .....

7*81 7*81
8-43 8*43
80*16
8 i3ia
9-13 9T 3
9*61 9*61

TM,
7*81
8-43
8 13 i0
9 13
9-61

F r i.
7*81
8-43
8 I8 1 6
9*13
9*61
F r l,

Sat,. M o n T m ee W e d

T it.

8*06

8*06

8*06

8*06

8*06

8-06

8*68

8*68

8*68

8*68

8*68

8 -6 8

9 118
9*38
9*86

9 1ie
9*38
9*88

9%«
9*38
9*86

9x16
9*38
9*86

IRis
9 38
9*86

M om Tm.es W e d T h ,

F r l.

9%«
9*38
9*86
S a t.

STAINED.

M on T u es W e t

7-81 7*81
8*43 8 48
8 13ie
8 1316
9*13 9*13
9*61 9*61

7*31
8*31
8*47
8*81

7*31
8*31
8-47
8*81

7*31
8*31
8*47
8*81

7*31
8*31
8*47
8-81

7*31
8*31
8-47
8*81

7*31
8-31
8*47
8*81

[V ol. LXXIV,

F u t u r e s , — H ig h e s t , lo w e s t a n d c lo s in g p r ic e s a t N e w Y o r k ,

. Wb <* & d bJ p*
3 ?»j 8 ? :

e ^ <* n y » h p &
y ?*: g £ ; T?*:

b <*
<*»;

;* i§

; s Vi f *?•s j» £i ?i “l ** i

11

1 1

1 1

19

I©

19

1 1

1

1

1

I

• I
19

1 1

1

1

©
I i

1

a

1

|

1 1

1

<!<* <3 *-3
0000 <c<e
QCH
1 a
a
-40 00<JO
05 00 6 6
OC3 CbO
<|<3
< 10
00 O
Q <£)«£>
0*03 < 1 0 0
1 9
i9
N<1 <J°o
tixT)

-

0 0

I 1

I I

1

1

1 0

l a

1©

1 1

| Ji
J

| I

1 1

1

1

1

$

Io

!d

\

1

1

1

1 I

1

1 1

©

i

1

1

00 00
0

a<

1a
<J<*
0606

a

<l<3
00 00

<10

•a ,

to ©
&
SIS
00®
Wlf<S<J
obob

03
l&

00 G
O

1 0

1

1 1

1 1i

1

1

10

1

©

1

1

1 1

1

1

1 1

11 1•

19

i©

1

11

1 1

®
I }

00 00

ebeo
005

00 00

6*6
i
li-*-

oooo
03 to
tsKJi ON
9
©
00 00 G
OGO
C
O CR6 *
CO
OC
ifA
03 C
O
GO00 0000
tc to NitGOOD
0 0
i $ S9
GOGO 00 00
10 cb
GCM oto
00 00

-3 0 0

<I<J
6<0

it^Ol

<6<0

MO iLW
1 ©
1 ©
i0
11 11 <1 <l O-J
0600 c6 cc>
coc* 05 00
<!<l GO<3
11 i1
ob00 6 6
<30 oco
1 ©
1 s
1 ®
ii 11 <3-3 00 00
00 GO 0 0
00 GO *—
'M

1 1
1

<J<I

Gft03

1 l

«66

GOn-*

00 CO 00 00
tots O’
1&
9
(JO0
0 GO00
coco
COM i i
GOQO 0000
tits 6 * 6 1
<D«D 03 00
1 ©
1 9

t»

M

oooo oooo QD00 00 00
61tfb NCD C53t» 0
)01
iLCO <KD
1o I 9 19 19
00 oc G
OGO oooo
00 00
6 1 6 - Oxox
<J
<3503
OX03 0300 ®|L
oooo oooo 00 CD coco
6 »cn C
B0 *
03 03
N<s CO03 coca
9 19
9
« 1
oooo oooo oooo oooo
a« eft CfiCft <*>*•' Cft -j
coo» Qoa* axCo If-S3
oooo 00 GO GOOD 00 00
cnN 0 1 Ox CbOD 03 03
crcd coo
rf—H ■40
1

©

19

9

19

00 ,
CO
1 9

1 !

0*8
OX&

-^

d>!
Ox
00

|

CD
i9
°?l
M

03 1
00 ,
MS

CO
I9

GfcOO 1 °? OOCD oooo 00 ,
&- 03 deft 03 '
03 OX • 0Cft 01
oooo ox
oooo oooo oooo GOOD QD.
in 1
e OxOX a»ax 03 03 (ill
a co o c
03 CO 0 0 03
f 0 i ^ 1 0 1 * 19
oooo oooo oooo oooo «p 1
0 d« c*a« 6*63 03 03 ax ■
O to HOJ Oc H i^<j 00
00 00 ccoo oooo 00 CD oooo GOOD 00 j
cbto O’
Q*^ OitfA aTo»
Ox
Hie. o e C 03 o w a to 05
bo#* 00
j9 l9
1 9
19
19 1 9 1 9
GOOD 0000 oooo CD00 GOOD oooo ao .
T>CO CD03 03 *
CO63 CRO* die* 6*cw C
tSiA w ^ h* Ox MU' 0 0 CO<1 H
GDGO 00 00 oooo 00QD oooo GOOD OD,
cb fcb
a at <ftC3 03 '
in INlA Ifc*^
Ooo Q0<3
QDCC oooo aooo P-V3 H*
9
, 9 19
19
l© 1 9
1a
0000 oooo
00 00 GOOD oooo op 1
°?
i
coco £ ox Ox 1 C
CO03 03 03 03 '
IfO>v>
~A OH*
^ M <DO O
ox N 03
.
00
00 1 1
1
<»
.
°?
1 °P

,
i *?
■
GO 1 CD ! 6>3 ‘
to
O
IN
1© 1$
1© l
l *? 1 a> 1 °? ,
1 iD 1 6 1 CO ‘
O
to

^
©

i^

03

’

ax

1w

to

ax

19

«>t
ha

OS
‘^

to?

1 1

! 9
19 19
00 1 °P 1 °p 1 °? 1 °? 1 I
' 03 ’ ax
03 ' <1 ' <1 1 1
ax
CO
CO
I©

*

8

03

T h e V is ib l e s u p p l y o f C o t t o n t o -n ig h t , as m a d e u p b y
ca b le a n d te le g r a p h , is as fo llo w s , F o r e ig n s t o c k s , as w e ll
as th e a flo a t, a r e th is w e e k ’s re tu rn s, a n d c o n s e q u e n tly a ll
fo re ig n fig u r e s a r e b r o u g h t d o w n t o T h u r s d a y e v e n in g ,
But t o m a k e th e t o t a l th e c o m p le t e fig u res f o r to -n ig h t
(F eb. 21), w e ad d th e it e m o f e x p o r t s fr o m th e U n ite d S ta tes,
n c lu d in g in it th e e x p o r t s o f F r id a y o n ly ,

1902.

1901.
1900.
1899.
7 4 7 ,0 0 0 6 6 0 ,0 0 0 1 ,801,000
1 1 ,0 0 0
4 ,0 0 0
5 ,0 0 0
Total Great B ritain stock. 1 ,1 1 8 ,0 0 0 7 5 8 ,0 0 0 6 6 4 ,0 0 0 1 ,806,000
Stock at H a m b u rg ......_____
9 ,000
15,000
19.000
21,000
Stock at B rem en. . . . . . . . . . . . . . 2 2 0 ,0 0 0 2 3 0 ,0 0 0 2 2 7 .0 0 0 4 4 2 .0 0 0
........
......
Stock a t A m sterd a m ..... . . . . .
2,000
3 .0 0 0
Stock at R otterdam
...............
2 00
300
200
Stock at A n tw erp . . . . . . . . . . . . .
3 ,000
4 ,0 0 0
4 .0 0 0
11,000
Stook at H a v r e ..... . . . . . ____ 2 2 9 ,0 0 0 1 6 5,000 2 5 1.000 3 4 2 .0 0 0
Stock at M a r se ille s............
2 ,000
3 ,0 0 0
3 .0 0 0
4 .000
Stock at B a r c e lo n a ............
9 6 ,0 0 0
5 7 ,0 0 0
7 7 .0 0 0
4 9 .000
Stock at G e n o a ...,. . . . . . . . . . . .
3 8 ,0 0 0
3 0 ,0 0 0
6 1 .000
4 5 .0 0 0
Stock at T rieste. . . . . . . . . . . ___
2 ,000
5,000
12,000
3 .000
Total Continental stock s.. 5 9 9 ,0 0 0 5 0 9 ,2 0 0 6 31,3U> ~ 9 4 5 ,2 0 0
Total European stock s....1 ,7 1 7 ,0 0 0 1 ,267,200 l,i;95,300 2 ,751,200
India cotton afloat for Europe ' 8 7 ,000 1 3 8 .0 0 0
12,000 1 0 6 ,0 0 0
Amer, ootton afloat for E’rope, 5 1 8 ,0 0 0 3 7 5 .0 0 0 4 9 8 .0 0 0 4 8 7 .0 0 0
Egypt. Brazil,&o., aflt.for E’pe 4 0 ,0 0 0
4 3 ,0 0 0
2 7 ,000
4 5 ,000
Stock in Alexandria, E gyp t... 2 5 3 ,0 0 0 181.000 2 0 8 .0 0 0 2 7 7 .0 0 0
Stook In Bombay, In d ia ......... 4 7 7 ,0 0 0 4 4 2 ,0 0 0 3 5 3 ,0 0 0 4 68 0 0 0
Stock in United States p orts.. 8 4 7 ,7 6 1 9 3 9 ,1 2 5 1,051,496 8 4 3 ,9 3 5
Stock In U. S. interior tow ns.. 5 7 2 ,2 4 4 0 9 6 ,5 2 3 5 3 4 ,8 0 9 4 6 7 ,3 9 8
United States exports to-day,. 1 3 .072
2 3 ,8 0 2
4 7 .961
16,508
Total visible s u p p ly .......4 ,5 2 5 ,0 7 7 4 ,0 8 9 ,6 5 0 4 ,0 4 3 ,5 6 6 5 ,4 6 2 ,1 0 1
Of the above, totals of American and other descriptions are as foLlows:
^toote at L i v e r p o o l . ales. 1 ,1 1 8 , 0 0 0
Stock at L o n d o n . . .. . .. . . .. . .. .
5 ,0 0 0

T h e q u o t a t io n s f o r m id d lin g u p la n d a t N e w Y o r k on
F e b . 21 fo r e a c h o f th e p a s t 82 y e a r s h a v e b e e n as fo llo w s .
A m erica n —
1 8 8 6 . ...0 .
18 78 ..
. .0.10% Liverpool
1 9 0 2 ....C. 8l»la 1 8 9 4 . . . .0. 7%
stook.___....b a le s. 9 9 9 ,0 0 0 6 5 4 .0 0 0 5 4 3 ,0 0 0 1 ,6 8 6 ,0 0 0
18 77 ..
....1 2 1 5 1e
1885. .....lie u
1 9 0 1 . ... .. 9B56 1 8 9 3 ...
Continental s t o c k s ....... . . . . . 5 6 8 ,0 0 0 4 6 7 .0 0 0 6 0 4 ,0 0 0 9 0 1 ,0 0 0
1876........12%
1884. . . . . . 1 0 %
1 8 9 2 ...,
1 9 0 0 ...... . 8%
afloat for Europe... 5 1 8 ,0 0 0 3 7 5 .0 0 0 4 9 8 ,0 0 0 4 8 7 ,0 0 0
1 8 8 3 . .....1 0 3 1 6 1 8 7 5 .. ....1 5 % American
1 8 9 9 ....... 6 9 1 S 1 8 9 1 ...
United States s t o c k ............ 8 4 7 ,7 6 1 9 3 9 ,1 2 5 1,0 5 1 ,4 9 6 8 4 3,935
1 8 7 4 ..
....16 *8 United
1 8 9 8 ...... 6%
1 8 9 0 ... ...1 1 6 l6 1 8 8 2 . . . . . . 1 1 %
States
interior stock s. 5 7 2 ,2 4 4 6 9 6 ,5 2 3 5 3 4 ,8 0 9 4 6 7 ,3 9 8
1 8 8 1 . .......1 1 »1 « 1873........ 2 0 7s
18 9 7...,= . 7%
1 8 8 9 ... „ .1 0 %
2 3 ,8 0 3
4 7 ,9 6 1
1 6 ,5 6 8
18 72 ..
....2 3 % United States exports to-day,, 1 3 ,0 7 2
1 8 8 0.
1 8 9 6 . ... .. 7 7e
1 8 8 8 ...
Total A m eric a n ......... .3 ,5 1 8 ,0 7 7 3 ,1 5 5 ,4 5 0 3 ,2 7 9 ,2 6 0 4 ,401,901
1 8 7 1 ..
....1 5 %
1 8 0 5 ...... 5%
1 8 8 7 ... ... 9016 1 8 7 9. . . . . . 0%
Matt Indian, Brasil, etc.

MARKET AND SALES.

114,000
93,000 117,000 115.000
London s t o o k ............... .
5,000
5,000
4 ,0 0 0
11,000
Continental stocks......... ...
44,200
81000
42.200
27,300
12,000 106.000
India afloat for E urope.......
87.000 188,000
27,000
43 OOO 45,000
Egypt, Brazil, &o., afloat... . „
40,000
Stock In Alexandria, E g y p t.. 258.000 181.000 •208,000 277.000
Stock in Bombay, India.......... 4477,000
7 7 ,0 0 0 442,000 353.000 468.000
Total E ast India, Ac.__... 1,007,000 0 3 4 ,2 0 0 7 6 4 ,3 0 0 1 ,0 60,200
Total Am erican,...........3 ,5 1 8 ,0 7 7 3 ,1 5 5 ,4 5 0 3 ,2 7 9 ,2 6 6 4 ,401,901
& Oontraot.
Total visible su p p ly.. . .. 4 ,525 0 7 7 4 ,0 8 9 ,6 5 0 4 ,0 4 3 ,5 6 6 5,463,101
Middling Upland, Liverpool.. 421sad. ' 56J6d. '
5%d.
OonMiddling Upland, New York,.
9%tj0.
tract. Toffti.
Egypt Good Browu, Liverpool
6 V I.
7%d.
8»1#d,
f" "
Peruv, Rough Good, Liverpool
7d.
77,6d.
7%d.
Broach Fine, L iv erp o o l.,..,.,
4»iad,
5%d.
5%d,
SGsSd,
rinnevelly
Good,
Liverpool...
4% 1.
M.
4VI.
200
437
203
10 0
C o n tin e n ta l im p o rts p a st w e e k h a v e been 140,000 bales.

T h e t o t a l s a le s o f o o t t o n o n t h e s p o t e a o h d a y d u r i n g th e
w e e k a r e in d ic a t e d i n t h e f o l l o w i n g s t a t e m e n t .
F o r th e
C on v en ien ce o f t h e r e a d e r w e a ls o a d d c o lu m n s w h i c h s h o w
a t a g la n c e h o w t h e m a r k e t f o r s p o ts a n d f u t u r e s c l o s e d on
sa m e days.

Spot Market
Closed ,

F utures
Market
Closed .

Saturday.. Quiet at lie adv. Very steady.
Monday.... Q u ie t.............. B’rly steady.
Tuesday... Q u iet....__..... Very steady,
Wednesday quiet,_________ Rtnarly ____
Thursday.. QniAt ...... „ __ S tea d y ........
Friday..... Quiet & steady. S te a d y __ _
Total.

Sales ow Spot
But-

port.
....

Oonsu m p .

2*37
1 03
110

....

450

s,& i
%

...a
300

110

760

T h e a b o v e fig u res in d ic a te a n in o r n a te in 1000 o f 485,497
bales as c o m p a r e d w ith sam e da te o f 1901, a g a in o f 481,5 u
bales fr o m 1900 an d a d e c lin e o f 087,024 b a le s fr o m 1590,

THE

F e b r u a r y 22, 1902.]

AT t u b I n t e r io r T o w n s th e m o v e m e n t— th a t 1b th e receip t*
fo r th e w eek and sin ce S ep tem b er 1, th e sh ip m e n ts fo r th e
w eek and th e s to ck s t o -n ig h t , an d th e sa m e ite m s fo r th e
co rr e s p o n d in g p e r io d o f 1900-01 - i s set o u t In d e ta il b e lo w .
:35'
et&ll|lsi|IgSsf§sg~s
' S .*5 g i* * B
f
gif
ail
S
'
-°IS
F
-s?
r
I;
b
® - o *3 - l&gg*Bg?ig
g.
s
pi

u

r

*

o :
d
w

■:«

sas

i h
« Ha

Athens............
A tlanta...........
Charlotte__ _
Columbus, Ga.

^00O>P*'fc0t0H*y?O»<lfc0O5OChyC0fc00cC00Dl>-‘ <IM'-l00K)05MWI0h-A

CD
CO ►W05
'cO03co o»'wVo<iclo
CDCbC005-lCCO»tO^
aHww'DGoaiwo05

H.

^ f— H

I^
Ct> Qq

K3CP05
to M00 to O*ODj^ CDO' tOj^Jto^coc* M •®, S
n
To 05 H or QD05 to <1 03Vl w OOr-»
tOwV ©<1
<1 OCOC3»05050^COO«h-‘ 05CCOl^CA3(^.CO-^J«OCO
^<35OC0wQt-li^O'C0 —COOytOCOCDOWOO*UD
■-■

IS ft

i?

Ww»0
© ®
to H*
O'
to
ton-1 H
'wh-*W'tOH~-aOO'<lwio -J t5tO®-J O MD0O5©
© —W5-. MX t®V. (f^®C»C.©©N>tOM'1»orC-5t»t5Wl->®-J©i>'wtO ft- So*
«l®N,WlS.<X/-aCa0©-ib3H-‘ W<I<*W©©X<0l-*O<5C<l(XC0W®-<IU3
%
03 I w©!->
CJ1 H*
«
to
tOM
H*
w>
•§
© ©Oto*. ®r-*® —H-®^<|V>->a'toiH OOt)iO>M©©lO<lffi©M
w 1 w © ® ©<i^ w©ju a ©O w©«o<i ® <l©© tojo® ©_>
-JO!)j-,©_(f-w© t-JS
Ca OOMw'Cl'©V^^to 00lo o A
Cf'a: ®’"©©'tc ©
COO! © CT: - ^«
® to®®eew*^®®-j®©^ts®®H‘ <i©it‘ to^'-5w<iiH©H.>-><i^--i
-J tOtO«©»®H‘ »05'JtO^--©lP--l-‘ ®©uW©«>l-‘ tO©KI-‘ tO®® o
V o ’m - « * 2

to

to© -•
OlHH toto h*
to©-j C3©totoi-l~0'®aoi-'to»q®w ©*jcy^wo.
CD CJ'i<k'l»0®-‘ iy,©oraH‘ #>.W^l©03Ik©t:©Ct®r-‘ ©lt'®tOl^©©00
© O5W*.<».®®-0t0W©'0®©W©W®t0©#*O<©®>->t0Xto©pH'WCJ<

S

§

& *s

Oa
to to to to IHto
h- MHHM
©
w
WOrfkM ©W<JI->; it*©®towei^® M ® «eaiH »»«tow oiH
«
©- j t o © © t o ® w 0 © ® 0 © ^ . « » © ® © W © W » © < l —t-*A©®
ftCJKH^OWKlO-j; tOWC»w®oo®©®tnH‘ V>)^<lW®WtO®'JW to
to© x® i^co wos ®. © -ja to cx a o to —©©ccwwi^oatf-t^if-to to M
T h e aD ove to t a ls s h o w th a t th e in t e r io r s t o c k s h a v e d e ­
creased d u r in g th e w e e k 21,228 b a les, an d a r e to -n ig h t 124,279
bales less th a n at sa m e p e r io d la s t y e a r . T h e r e c e ip ts a t all
to w n s h a v e b e e n 85,606 b a le s m o r e th a n sa m e w e e k la s t year.
O v e r l a n d M o v e m e n t f o b t h e W e e k a n d S in c e S e p t . I , —
W e g i v e b e lo w a sta te m e n t s h o w in g th e o v e r la n d m o v e m e n t
fo r th e w e e k a n d sin c e S ept. 1, as m a d e u p f r o m t e le g r a p h ic
r e p o rts F r id a y n ig h t.
T h e r e su lts f o r th e w e e k en d in g
F e b . 21 an d s in c e S ep t. 1 in th e la s t t w o y e a r s a r e as fo llo w s .
1900-1901

1901-1902.
February 21.

w „t

W eek.

Shipped—
Via 8t. L o u is .___________ ___
Via C a iro .................... .
....
Via P a d u c a h ....__ _. . . _______
Via Book Inland.................... .
Via L ou iavlh e____ . „ . . .
Via C incin nati............. . . .. . ..
Via other routes, A c ..... ........ ..

24,779
4,288
"1 5 0
4,078
1,038
6,231

since

ggpt. l .

_

Week.

616,613 12,517
94,748 4,004
174
700
29,356
2,102
143,848
3,901
74,262
281,792 7.162

S in ce

s ept, x
704,485
182,691
5,7S9
50,798
107,338
74,455
216,732

40,564 1,240,793 30,386 1,339,842
Total gross overland............
Deduct thipmcnU—
Overland to H. V ., B oston , <te.. 7,308 274,541 13,615 317,128
89,816
46,256 2,037
43
Between In terior tow n s...___
36,712
1,579
31,443
825
Inland, A o .,fro m South......... .
T o ta lto be d e d u c t e d .....

8,176

352,240 17,231

443,756

Leaving total n et overla n d *.. 32,388 888,553 13,155 898,442
* Including movement by rail to Canada.
T h e fo r e g o in g sh o w s th e w e e k ’s n e t o v e r la n d m o v e m e n t
th is y e a r has been 32,388 ba les, a g a in s t 13,155 ba les f o r the
w e e k in 1901, an d th a t f o r th e sea son t o d a te th e a g g re g a te n et
o v e rla n d e x h ib its a d ecrea se fr o m a y e a r a g o o f 9,889 bales,
1901-1902.
In Bight and Spinner#’
Taking*.

Wttk.

1900-1901.

Sine*
Sept. 1.

Week.

Since
Sept. 1.

Receipts at port* to Feb 21.......... 156,406 6,215.547 122,688 5,763,408
Ret overland to Feb. 21................. 32,388 888,553 13,155 898,442
Southern consumption to Feb. 21. 37,000 879,000 33,000 768,000
Total marketed......................... 225,793 7,983,100 168,823 7,429,850
nterlor etooke In exceed.............. ‘ 21,228 442,939 *16,703 651,896
152,120
Game Into eight during week. 204,565
8,426,039
8,081,746
Total In eight Feb. 21..............
Rorth’n eplnnere tak’ ge to Feb. 21 49,010 1.513,861 30,425 1,447,432
• Increase during week.
M ov e m e n t in to sig h t in p re v io u s years.
W eek —

1900 m>.

1899 Feb.

1898—Feb
1807 -Feb.

Jlalee.

23...................181.020

2 4 ................ 102,000

25................. 134,321
20................. 98,608

S in c e S ep t. 1 —

1899 0 0 -F o b .
1898 99 -F ob .
1897-98—Feb.
1896-97-Fob.

28...........
24...........
25...........
26...........

8 Bin
8 ;<i«
Sti
8*4
8*4
8*4
Hkl
8%
8*h
91,«
8ia
8'* ia
8*4
8 ;<s
8*6
8

M on.

Tue*.

8»i fl
8 ;<)U
8*4
8 5,e
8*4
8*4
8 ‘-a
Bi»,e
8%
01 ia
po,a
8*4
8 B,a
87,«
8*8
8

&B,s
8 ;,10
8*4
8 Bi«
8 5ia
9 >4
8*a
81*16
8H»
9'ia
8 0ia
8*4
8 B,a
87,«
8 i4
8

Wedne*.

Thur*.

F ri.

8 Bia
8-!ia
8*4
8 B,a
8*4
8*4
H*s
813,6
8%

8 B,0
83,a
8*4
«B10
9*4
8*4
8*a
81-*ie
8%
01ia
H*a
8*4
8 B,«
811.6
8 U,0
8

8 bi6
8 :l,«
8*4
8 Bia
8*4
8*4
8 'a
813,(5

89ia
8*4
8 B,g
8 716
8 Bie
8

0118
8*a
8*4
81,6
87ia
S&ia
8

T h e c lo s in g q u o ta tio n s to -d a y (F r id a y ) a t o th e r im p o r t a n t
S ou th ern m a rk ets w e re as fo llo w s .

g?
&
<3
Ch ►05
«—
K>
C7 f* COC*00 05 it* 05 COTO ^ 05
O' IOO C» 05 O' l~*
fcDOiODHtO^JOODJQO-O'i^CD -OGtOV* 0°
<£>H4K><1CDjtt©^ H*<1
© as os ooV <Tco o' oi' b’
os o. oTo
03Vo —nj^ cdoooo ^ o
O0Dl0l000^tcK)00C^a0 05lfi-fc0lP*'00H‘ C0l>0*v3»Pi.OCkrf^'JW0500H‘ WM
00~ (X>Ch

tO>-•H -* • O' 0»
it* *0 ^ M*0 05 M K) COCOtO
*0
O nV ft' 00 00 O'
*05^1 Ol H oolo to o CO05 fcoVOQOCOtooo ^ M
CT5o to <1! tOO' CD1 w 1 ^ ~J ~ COto C*’ 00 © -J -.CO'DtOCDCD^t^O*-*^
0* o>*O' rf^cOQO' wCDcC00t0M05<l®-^C^l-'Ot0f-C005i^00C0CA5t0

CLOSING QUOTATIONS FOR MlbbLINU COTTON ON
S a tu r.

Galveston...
New Orleans
M obile.......
Savannah...
Charleston..
Wilmington.
Norfolk......
Host,on.......
Baltim ore..
Philadelphia
A ugusta__
Memphis__
8t. Louis__
H ouston__
Cincinnati ..
Little Rook

H
o

3

M
„
*0
W
10
to
WMtOj-1 fo (£■ W
*
O’to
OH w*
o'ioU.tfk 'tOKj’Vj m'©"©-J-4 ®"co ontn © fO
aon, olofoat-*
o>oo —©-303'4Co»MO<ioot^-toi-rfioii-*i-a,tocou’ c^'y'~jit.©©>o
M6SOi©®QO'Jll^f®tO»lf‘ tOH'tOW-J©©50tol^OS'3»J'-‘ 05M®*905

(Quotations for M iddling ! C otton at O t h er M a r k e t s .—
B elow are c lo s in g q u o ta tio n s o f m id d lin g c o t t o n a t S o u th e r n
and o th e r p rin cip a l c o t t o n m a rk e ts fo r e a c h d a y o f th e w e e k .
W eek en d in g
Feb. 21,

QW
TJSOWaiK®
if © S>e a.

H H oo o
K H■
M 5SO w
O „
-- -- -►
-® -(j#
;
®o
I onf
. 5 raw
: ; : i : »s

437

C H R O N IC L E .

B a le * .

7,441,819
9,207,079
9,300,002
7,424,734

1 Columbus, Mies 7»4
8b16 Eufaula........... 8*4
j
L ouisville....... ........
8*a
8*4 1 Montgomery... ........

N ashville........
N atchez.........
R aleigh..........
Shreveport__

8*8
8
83a
85,6

W ea t h e r R e p o r t s b y T e l e g r a p h .— R e p o r ts to u s b y t e l ­
eg ra ph fr o m th e S ou th th is e v e n in g in d ic a te th a t th e w ea th er
has b een less fa v o r a b le th e p a st w eek . R a in has fa lle n in
m ost section s an d at som e p o in ts sn o w an d sleet are r e p o rte d .
A t C h a rlotte, N o r th C a ro lin a , th e fa ll o f sn o w r e a c h e d s ix ­
teen in ch es. T h e m o v e m e n t o f c o t t o n , h o w e v e r , c o n tin u e s
q u ite free. In c o n s e q u e n ce o f in te r ru p tio n o f te le g r a p h ic
c o m m u n ica tio n a n u m b e r o f te le g ra m s h av e fa ile d t o rea ch
us.
G a lv e s to n , T e x a s . — T h e re h as b een ra in o n on e d a y d u rin g
th e \Veek, th e p r e cip ita tio n b e in g s ix t y -fo u r h u n d re d th s o f
an in ch . T h e th e rm o m e te r has a v era g ed 53, r a n g in g fr o m
38 to 63.
C o r p u s C h r is ti, T e x a s . — T h ere h as b een rain o n t w o d a y s
d u rin g the w eek , t o th e e x te n t o f fifty -o n e h u n d r e d th s o f an
in ch . T h e th erm om eter h as ra n g e d fr o m 88 t o 74, a v e r ­
a g in g 56.
F o r t W o r t h , T e x a s .— R n u has fa lle n on t w o da ys o f th e
w e e k , to th e ex ten t o f six ty -n in e h u n d red th s o f an in c h .
A v e ra g e th e rm o m e te r 54, h ig h e st 82 an d lo w e s t 26.
S a n A n t o n i o , T e x a s ,— T h e w e e k ’ s r a in fa ll has b een on e
h u n d red th o f an in ch , o n on e da y. A v e r a g e th e r m o m e te r 55,
h ig h est 78, lo w e st 32.
P a le s tin e , T e x a s .— W e h a v e h ad rain on on e d a y d u rin g th e
w eek , th e r a in fa ll b e in g s ix h u n d re d th s o f an in ch . T h e
th erm om eter has a v era g ed 51, th e h ig h e st b e in g 70 a n d
th e lo w e st 32.
S h r e v e p o r t , L o u i s i a n a . — T h e re h as been rain o n th ree d a ys
d u rin g the w eek , to the ex ten t o f fo r ty sev en h u n d re d th s
o f an in ch . T n e th e rm o m e te r h as r a n g e d fr o m 26 to 64,
a v e ra g in g 45.
C o lu m b u s , M i s s is s ip p i. — R a in has fa lle n on fo u r d a y s o f
the w eek , t o th e ex te n t o f on e in c h an d tw e n ty h u n d r e d th s.
A v e ra g e th erm om eter 36, h ig h est 52 an d lo w e s t 20.
L e la n d , M is s is s ip p i. — W e h a v e h ad rain d a r in g th e w eek
t o th e ex ten t o f on e in ch . T h e th e r m o m e te r has a v e ra g e d
49 6, th e h ig h est b e in g 65 an d lo w e s t 40.
V ick sb u r g , M is s is s ip p i — R a in has fa lle n o n fo u r d a y s o f
th e w eek , th e p r e cip ita tio n b ein g on e in c h an d s ix h u n ­
dredth s. T h e th e r m o m e te r has a v e r a g e d 44, r a n g in g fr o m
28 to 64.
L i t t l e R o c k , A r k a n s a s . — R a in and sn o w h a v e fa lle n on
th ree da ys o f th e w eek, th e p r e cip ita tio n r e a c h in g on e in c h
and fifty h u n dredth s. T h e g ro u n d is n o w c o v e r e d w ith sn o w .
A v e r a g e th e r m o m e te r 36, n ig h est 46, lo w e st 26.
H e le n a , A r k a n s a s . — W e h a v e h a d ra in on th ree da ys th e
past w eek , t o th e ex ten t o f on e in c h an d tw e n ty -n in e h u n ­
dredth s. N o t m u c h fa r m in g don e. T h e th e rm o m e te r has
av era g ed 34, th e h ig h est b e iu g 42 and th e lo w e s t 21.
N a sh v ille, T en n es se e. —T h e w e e k ’s r a in fa ll has b een on e
in c h a n d f o r t y - t w o h u n d red th s. T h e th e r m o m e te r has
ra n g ed fr o m 16 to 38, a v e r a g in g 28.
M o n tg o m e r y , A la b a m a .— W e h a v e h a d rain o n th re e d a y s
o f th e w eek , to th e e x te n t o f o n e in ch an d fo r ty -s e v e n h u n ­
dredth s. T h e th e rm o m e te r has a v e ra g e d 42, th e h ig h e s t
b e in g 57 a n d th e lo w e st 26.
A u g u s t a , G e o r g ia . —W e h a v e h ad ra in on t w o da ys o f th e
w eek , to th e ex ten t o f n in ety h u n d red th s o f an in ch . T h e
th erm om eter has a v era g ed 38, th e h ig h est b ein g 56 an d th e
lo w e st 27.
S ta te b u r g , S o u th C a r o lin a ,— W e h a v e h ad ra in o n fiv e d a y s
d u rin g th e w eek , at tim es m in g le d w ith sleet an d s n o w . T h e
ra in fa ll, in clu d in g m elted s n o w , w as on e in c h and tw e lv e
h u n dredth s. T h e th e rm o m e te r h as ra n g ed fr o m 24 t o 54, a v e r ­
a g in g 35.
G r e e n w o o d , S o u th C a r o l i n a .— R a in has fa lle n on t w o d a y s
o f th e w eek , to the ex te n t o f sev en ty h u n d red th s o f an in ch .
A v e r a g e th erm om eter 83, h igh est 43 an d lo w e s t 24.
C h a r lo tt e , N o r t h C a r o l i n a . — T h e w ea th er th e past w eek
has b een th e w orst in m a n y years. S n ow fe ll on t w o days,
to th e d ep th o f sixteen in ch es, an d th e th e rm o m e te r a v e ra g e d
80, th e h ig h est b e in g 40 an d th e lo w e st 20.

I n d i a U 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 . — The receipt*
of cotton tit Bombay and the shipm ents from all India port*
for the woek ending Feb.20, and for the season from Sept, 1
to Feb. 20 for three years have been as follows:

1901-02.
at—

R e c e ip ts

/fines
S ept. 1.

W sek

For

M a p o rlt
fr o m

S in c e
S ep t. 1.

W eek.

864 000 25,000

616,000

S in ce S e p t e m b e r 1.

th e W eek.

G rea t
B r it a in .

14.000
28.000

14.000
82.000

1,000
36,000

166,000
269,000
29,000

157.000
304.000
29,000

1,000

1,000

1,000
2,000
1,000

8,000
8,000
7,000

9.000
10,000
8.000

1,000

1,000
7,000
1,000

3.000
9.000
2.000

4.000
16,000
3.000

1,000
2,000

1,000
2,000

1,000
8,000

40.000
31.000
12.000

41.000
39.000
12.000

16,000
30,000

16,000
34,000
1,000

4.000
52,000
2.000

207.000
317.000
60,000

211,000
369,000
52,000

e c e ip t s

and

4.000
1.000
R

W eeh.

1 „ , ,
| T o ta l-

Bombay1901 02..
1 9 0 0 0 1 ..
4,000
1899 00..
Calcutta—
1901-02..
1900- 01.. ......
189; -00..
Madras
1901- 02 .
1900- 01 .
1899- 00.. i'.coo
All others—
1901- 02 .
1900- 01 .
1899 00..

l e x a n d r ia

S in e s
S ept. 1.

O o n tin e n t.

O r ea t
B r it a in

Total a ll1901 02..
1900-01..
1899-00..

1899 1900.

1900 01

Bombay........ 106,000 1.181,000 81,000

A

[V ol . LXXIY

IHK CHRONICLE

438

C o n t i­
n en t.

s h ip m e n t s

op

T ota l

Uotto n

Through arrangem ents we made w ith Messrs. Davis,
Benachi & Co., of Liverpool and A lexandria, we now
receive a w eekly cable of the m ovem ents of cotton at
A lexandria, Egypt. The follow ing are the reoeipts and
shipments for the past week and for the corresponding
week of the previous tw o years.
A le x a n d r ia , F g y p t,
F e b r u a r y 19

1901-02.

Reoeipts (cantars*)...
This week...............
Sinoe Sept. 1 ..........

205,000
5,705,000
T his
w eek.

1899-1900

1900-01
120,000
4,057,000

S in c e
S ept. 1.

T his
w eek.

185,000
5,803,000

S in c e
S ept. 1.

T h is
w eek.

S in c e
S ept. 1

■ xports (bales)—
To Liverpool..—__ 11,000 229.000 11,000 213.000 10.000 310.000
To Continent t ...... 16,000 310.000 9,000 170.000 4,000 290.000
Total Europe...... 27,000 539,000 20,000 383,000 14,000 600,000
* A oan taris98 pounds.
t Of which to America In 1901-02,63,923 hales; In 1900-01. 30,875
bales; in 1899-1900, 60,592 bales.
M a n c h e s t e r M a r k e t . —Our report received by cable
to-night from Manchester states th at the market is steady
for yarns and quiet for shirtings. Manufacturers are gener­
ally complaining. We give the prices for to-day below and
leave those for previous weeks of this and last year for
comparison.

1902

1901.

8% lb s. S h i r t ­ O o tt’ n
i n g s , c o m m o n M id .
U p ld s
to f i n e s t .

32s

C op.
T w is t.

32s

C op.
T w ist.

8% lb s. S h i r t ­ C o tt’ n
i n g s , c o m m o n M id
U p ld s
to f i n e s t .

presiding and Mr. Wm. V. King acting as secretary, the
following resolutions on the death of Mr. Watts were
adopted, after appropriate remarks by Messrs. Henry Hentz,
Walter T. Miller, Samuel T. Hubbard and George N. Chap­
man:
By the dispensation of Divine Providence death has again invaded
our ranks and added another to the great majority.
Mr. Dickson G. Watts, whose memory it Is our sad pleasure to honor,
was a man of no common fibre; with his disposition and character
that endeared him to all, hut most to those who knew him best. Kind
of nature, gt ntle, bearing resignedly the burdens of along-continued
iliuess. studious and reflective, he. out of trial and satferlng, wrought
a life of gratitlcatlon not only to himself, but to his friends.
l'wloe 1'resldeut of this Exchange, he was Instrumental in doing
much for Its advancement and growth; devoting all the energy at his
command to Its upbuilding and development, and contrlnutlng in no
small degree to the position It now occupies amongst the commercial
bodies of the country.
It Is most lltting, therefore, that the New York Ootton Exchange
should place upon record its appreciation of Its former President and
at the same time its tribute to ihe man. Be it therefore
Resolved, That the New York Ootton Exchange, in the death of Mr.
Dickson G. Watts, monriis the loss of one of Its earliest and most
respected members, and testiiles Its high appreciation of his many
virtues and exalted character.
Resolved, That the heartfelt sympathy of the members be extended
to the bereaved family, and that this ruinate be spread upon the
records of the Exchange.
Hh i p p i n g N e w s . — A s shown on a previous page, th e
•sports of ootton from the United States the past week have
reached 130,687 oales, The shipments In detail, as made up
fr o m mall and telegraphic returns, are as follows:

New York—To Liverpool, per steamers Georgian, 1 41 __
Nomadlo, 744 upland and 21 Sea Island..........................
To Hull, per steamer Martello, 3 0 0 .....................................
To Manchester, per steamer Canning, 100....................... .
To Paisley per steamer Purnessia, 119 Sea Island.............
To Havre, per steamers La Gascogne, 153 Sea Island__
Richmond Castle, 124......................................................
To Bremen, per steamer Kaiser Wilhelm dor Grosse, 61 ...
To Antwerp, per steamer British Prinoess, 7uO.................
To Genoa, per steamer Hohenzollern, 1,5<i 7 .......................
To Trieste, per steamer Pontiac (additional), 2 9 .................
To Venice, per steamer Pontiac (additional), 2 3 7 ..............
To Shanghai, per steamer Satsuma (additional), 3 1 7 .........
NEW Orleans-To Liverpool—Feb. 1 '—Steamer Mira, 5,860..
To Belfast-Feb. 19—Steamer Rathlln Head 10,215 .........
To Havre—Feb. 19—Steamer Tymerlo, 7,157__ Feb. 2 0 Steamer Glenarm Head, 3,9 00 .........................................
To Bremen—Feb. 17-Steamer Elswlok Tower, 11,593......
To Hamburg - Feb. 20—Steamer Rosalie. 7 50 .....................
To Copenhagen—Feb. 19—Steamer Florida 2,927.............
To Barcelona-Feb. 14—8teamer Orlnon, 2,300..................
To Malaga-Feb 14—Steamer Orlnon. 1,000......................
To Genoa—Feb. 14—Steamer Orlnon, 3 ,012__ Feb. 1 9Steamer Angello Clampa, 8,3 50 ......................................
Galveston—To Liverpool—Feb. 19—Steamer Explorer, 4.467.
To Manchester—Feb. 18—Steamers Benedict, 2,342; Nieeto,
5,915.................................................................................
To Belfast-Feb. 2 0 —Steamer l’orr Head, l,t>0 0 . ...............
To Havre—F-b. 18-Steamers Benedict, 4,064; Santanderino, 6,383......................
To Rotterdam—Feb. 2u—Steamer Aooomao. 5 0 .................
Sabine Pass—To Liverpool—Feb. 21-Steamer Frieda, 8,100..
Mobile—To Bremen—Feb. 14—Steamer Verax, 7,079.............
savannah—To Liverpool—Feb. 17—Str. Forest Castle. 5,329..
Brunswick—To Liverpool—Feb. 1 5 —Steamer Ashtleld, 5 0 4 ...
To Manchester—Feb. 15—8teamer Ashtleld, 2,975....... .....
To Bremen—Feb. 19—Steamer Pagasarri. 9,864................
Charleston—To Liverpool—Feb. 19—Steamer Bona, 3 ,610__
Boston -To Liverpool—Feb. 15—Steamer Sagamore, 4 0 4 __
To Glasgow—Feb. 12—Steamer Sarmatlan, 2,019...............
To Halifax-Feb. 1 5 —Steamer Buena Vista, 9 5 .................
Baltimore—To London—Feb. 17—Steamer Eu-ope. 3 00 .........
To Bremen-Feb. 1 9 —Steamer Gera, 1,272.........................
San F rancisco -T o Japan—Feb. 16—Steamer Doric, 1,450__
Tacoma—To Japan—Feb. 20—Steamer Olympia, 5 8 8 ...............

906
300
100
119
277
51
700
1,547
29
237
317
5,860
10,215
11,057
11,593
750
2,927
2,300
1,000
11,362
4,467
8,257
1,600
11,047
50
8,100
7,079
5,329
504
2,975
9,864
3,640
404
2 ,0 19
95
300
1,272
1,450
538

Total..................................... - ..............................., ...........130,687
d.
The particulars of the foregoing shipments, arranged in
515s2
5%
oar usual form, are as follows.
5l3g2
G r e a t F r e n c h Q e r - s-O th.JB’ r o p e - * M e x i c o ,
515sa
B r i t ’ n . p o r t s , m a n y . N o r t h S o u th .
* r J a p a n . T otai.
51332 N e w Y o r k . 1,425
700 1,813
277
51
317
4.583
5516 N . O r le a n s 16,075 11,057 12,343 2,927 14,662 ......
...... 57,064
50 ....... ...... ...... 25,421
T h e F o l l o w i n g a r e t h e G r o s s R e c e i p t s o f C o t t o n at G a lv e s t o n . 14,324 11,047
8,100 ...... ...... ...... ...... ...... ...... 8,100
P a s s ..
New York, Boston, Philadelphia and Baltim ore for the past Sab.
...... ...... 7,079 ...... ...... ...... . . . . . .
7,079
M o b ile ........
week, and since Sept. 1, 1901.
5,329
5,329 ....... ...... ...... ...... .......
avannah.
3,479 ...... 9,864 ...... ......
13,343
B r u n s w ic k
3,640 ....... ...... ...... ...... ...... ......
3,640
C h a r le s to n
B o sto n ,
P h i l a d e l p h ’ a . BALTIMORE.
N ew Y o r k .
2,618
3,423 ...... ...... ...... ......
95
B o s t o n ___
Receipts
1,572
300 ....... 1,272 ...... ...... .....„ ......
Since
This
This
Since
This
B a ltim o r e .
This
Since
Since
...... ...... ...... ...... ...... ...... 1,450 1,450
San F r a n ..
week. Sept. 1. week. Sept. 1. week. Sept. 1. week. Sept. 1.
588
T a c o m a ,...
588
........ . .......................... ..........
.........................
d.

d.

Jn. 17 7
07%
•• 24 6 7s 0 7 ^
“ 31 61^18 ?>7%
Feb. 7 615i6-97%
“ 14 7 r»71316
“ 21 7 0 7 13 16

9,093
1,108
2,969

T e x a s .......

s. d. s. <L
5 1%©7 10
5 1 0710
5 1%®7 10%
5 1%©7 10%
5 2 0 7 101$
5 2 0 7 101*

151,635
178,431
187,976

d.
d.
81* 0938
8i* 0938
8716o93e
8i* 0938
4 U i 6 838 09%
42 1 s9 888 0 9%
d.
4»i6
4%
4ig
4®16

s.
5
5
5
5
5
5

d. s.
6 08
6 08
6 08
6 08
5%©8
5% «8

d.
1%
1%
1%
3
3
3

6,500

9,267

•••••••*

........

14,420

2,000

T o t a l.—
40,906

M ob ile ........

101,246
140,000
89,165
48,100

•

2,178
60S

21,288
79,928 1,898
7,535
52,707 1,980
609 12,217
94,078 8.793
17,63:
3,000

1,048

22,784
1,488

408

03,084

23,398

790,115 22,888

415,583

1,048

49,067

6,408

168,801

Last year.... 25,998

700,423 21,889

574,918

1,209

27,575

4,204

140,839

So. Carolina
V ir g in ia ..
N orth, ports
T en n., &c..
F oreign ......
T o ta l........

N

ew

Y

180
*.106
914

ork

18,196
10,859

...........

3,000

, , ,,,,

55,095 22,381 30,609 3,677 16.475

412 2,038 ISO,637'

Exports to Japan since Sept. 1 have been 118,178 bales from
the Pacific Coast.
Ootton freights at New York the past week have been
as follows.

51,811

. .........

C otton E x c h a n g e .— Mr. Dickson G. Watts, a

former prominent member of the New York Cotton Ex­
change, died at his residence, No. 31 West 81st Street, on
Feb. 18. Mr. Watts became identified with the cotton trade
in 1867, when he organized the firm of Bryan, Watts & Co.
He joined the N. Y. Cotton Exchange on Dec. 24, 1870, and
was chosen President June 4, 1878, serving as such until
June 4, 1880.
At a meeting of the members of the New York Cotton Ex­
change held on Wednesday, Feb. 19, Mr. Walter T. Miller

S a tu r.

M on.

T u ts.

W ed ties. T hurs.

F r i.

12%
12%
12%
Liverpool......... c.
12%
12%
12%
Manchester, ask.e.
15
15
15
15
15
15
18
18
18
18
Havre................ e.
18
18
Bremen..............e.
17%
17%
17%
17%
17%
17%
Hamburg.......... e.
17%
17%
17%
17%
17%
17%
Ghent....... ....... e.
19
18
18
18
18
18
Antwerp........... e.
12
12
13
12
12
12
Reval, via Hull. ,e.
26
26
26
26
26
26
Revtvl, via Canal.e.
32
32
32
32
32
32
St. Petersburg...e.
Barcelona......... e.
27
27
27
27
87
87
Genoa................ e. 17-18% 1 6 1 7 % 16-17% 16-17% 16-17% 16 17%
•38
Trieste......... ..... r.
28
88
28
28
28
Quotations are cents per 100 lbs.

THE

February 22, 1902.]

C H R O N IC L E

L i v e r p o o l .— B y o a b le f r o m L iv e r p o o l w e h a v e th e f o llo w
la g s t a t e m e n t o f th e w e e k ’s s a le s , s t o o k s , & o ., a t t h a t p o r t .

Jan. 31
gales of the week..........bales.
Of whloh exporters too k ...
Of whloh speculators took
Sales American........................
Actual export..........................
Forwarded.................... ..........
Total stock—Estimated..........
Of whloh American—Est’d.
Total Import o f the week.......
Of which American.............
Amount afloat..........................
Of whloh Am erican.............

Feb. 7.

Feb. 14.

Feb. 21.

43,000
40,000
40,000
41,000
500
1,000
400
600
300
800
1,500
900
41,000
37,000
30,000
36,000
1,000
8,000
6,000
12,000
78,000
62,000
88.000
67,000
991,000 1,040,000 1,054,000 1,113,000
904,000 946,000 958,000 999,000
93,000 132,000
95,000 118,000
78,000
81,000 103,000
98,000
806,000 244,000 243,000 204.000
279,000 219,000 211,000 178,000

T h e to n e o f th e L iv e r p o o l m a r k e t f o r s p o ts a n d fu tu re *
e a c h d a y o f th e w e e k e n d in g F eb. 21 an d th e d a ily c lo s in g
p r ic e s o f s p o t o o t t o n , h a v e b e e n as fo llo w s .
Spot.
Market, 1
12:30 p . H .$

Sat’day. Monday. Tuesday. Wed'day. Thursd’y
D u ll.

Mid. Upl’ds.

42i33

Sales........
Spec. & exp.

4,000
300

Q u ie t and I n bu yers'
fa v o r.
firm.

411is
8,000
500

E a s ie r.

Q uiet.

41116
6,000
500

F r id a y .
Q u iet.

4Hie

42132

42132

7,000
500

7,000
500

7,000
500

Gash w heat

t. o.

b ............
Id elev...

3

RHD W INTKU WHHAT IN IV K

E a sy at S tea dy at
Q u iet at Steady at Steady at S tea dy at
1-64 a d ­
1-64 de­ S 64 ^ 8 64 1-64 @ 2 -6 4 1-64 ad­ 1-64 @ 2 -6 4
va n ce.
declin e.
d e clin e.
v a n ce .
clin e.
advance.

Market, \
4 p. m. )

Steady
B r 'l y s t ’dy Steady at Steady at S tea d y at Q uiet at
2 @ a % pt».
1 % @ 2 pts. unch. to
1% @ 2 pts.
3 pts.
% Pt.
declin e
1% pts. ad.
ad vance.
decline.
ad vance.
declin e

T h e p r ic e s o f fu t u r e s a t L iv e r p o o l fo r e a c h d a y are gi ven
b e lo w , P r io e s a re o n th e b a sis o f U p la n d s , G o o d O rd in a ry
c la u s e , u n le s s o t h e r w is e s t a t e d ,
E y The prices are given in pence and 64.tkt. Thus: 3 63 meant
3 63-64<4.. and 4 01 meant 4 l-6 4 d .
S a t.

(H on.

T oes,

Feb. 15 Feb. 17. Feb 18

T h ars.

W ed,

F r i.

Feb. 19. Feb. 20. Feb. 21.

12% 1 12% 4 12% 4 12^ 4 12% 4 12% 4
P. at. P. M. P .M . P .M . P .M . P .M . P .M . P .M . P .M . P .M . P .M . P .M .

d. d. d.
4 38 4 38 4 41
4 37 4 37 4 40
4 37 4 37 4 40
4 37 4 37 4 40
4 3 7 4 37 4 40
4 38 4 37 4 40
4 38 4 37 4 40
4 32 4 32 4 35
4 22 4 21 4 24
4 18 4 17 4 20

d
d.
4 41 4 39
4 40 4 38
4 40 4 38
4 40 4 38
4 40 4 38
4 40 4 38
4 40 4 38
4 34 4 33
4 24 4 23
4 20 4 19

d.
4 39
4 37
4 37
4 37
4 37
4 37
4 37
4 32
4 22
4 18

d.

4
4
4
4
4
4
4
4
4
4

39
38
38
38
38
38
38
33
23
19

d.
4 39
4 38
4 38
4 38
4 38
4 38
4 38
4 33
4 23
4 19

d.
4 37
4 36
4 36
4 36
4 36
4 36
4 36
431
4 21
4 17

4
4
4
4
4
4
4

d.

37
36
36
36
36
36
36
4 31
42
4 17

a.

4 38
4 36
4 36
4 36
4 36
4 36
4 36
4 32
4 23
4 18

d.
4 37
4 36
4 36
4 36
4 36
4 36
4 36
4 32
4 33
4 19

Deo.-Jan....

J u t e B u t t s , B a g g in g , E tc .— T h e m a rk e t fo r ju t e b a g g in g
h as c o n tin u e d v e r y d u ll d u rin g th e w eek u n d er r e v ie w , w ith
p r ic e s n o m in a lly u n c h a n g e d a t 5 % c . fo r 1 % lb s. an d 5 % c .
fo r 2 lb s ,, stan dard g ra d es. C ar Iocs o f sta n d a rd b r a n d s are
q u o te d at 5 % @ 6 c ., f. o. b ., a c c o r d in g t o q u a lity . J u te b u tts
h a v e b een w ith o u t a n im a tion a t
f o r p a p er q u a lity
an d
fo r b a g g in g q u a lity .

BR EADSTUFFS.

W YORK

H at.

H on.

T a rt.

W ed.

T h u rt

88%

88*4

88%

88%

88*8

Maroh delivery
84*8
May delivery In e le v ..... 84%
July delivery In elev...... 84
Boi>t. delivery in elev __ 83%

841*
84
8 3 7e
......

84%
84%
84
83*8

S i 1*
84
83%
83

84*8
8 3 7«
83%
82%

Hr

88

83%
83%
83 %
82%

D A ILY CLOSING PRICES 0 7 NO. 3 SPRING W H H A T IN C H M l A G M .

Sat.

Hon.

Feb. delivery In e le v ...... 76% 75%
May delivery In elev...... 78% 78%
July delivery Id elev ...... 7 9
78%
Sept, delivery Id e le v .............................

Tues.

75%
78%
78%
77%

Wed.

75%
78%
78%
77%

Thurt.
76
78%
78%
77%

Sri,

75%
77%
78
77%

In dia n c o r n fu tu re s h a v e ' b een fa ir ly a c tiv e , bu t p rices
h a v e sh ow n a te n d e n cy t o sag.
A d v ic e s re ce iv e d fr o m
p rim a ry m a rk ets say th a t th e in te r io r o ffe rin g s are la rg e r
an d th at th e dem an d c o n tin u e s d is a p p o in tin g . A n e v id e n ce
o f th e sm all d is tr ib u tio n o f c o r n is th e v isib le su p p ly sta te­
m en ts, w h ic h sh o w o n ly s lig h t c h a n g e s, d e s p ite th e lig h t
m o v e m e n t o f th e c ro p . S p e cu la tiv e h o ld e rs h a v e b e c o m e
so m e w h a t d is c o n c e r te d b y th e p r e d ic tio n s o f a fr e e r c r o p
m ov e m e n t, and h a v e b een stea d y sellers t o liq u id a te th e ir
a ccou n ts. B u sin ess in th e sp ot m a rk ets at th e sea b oa rd has
been q u iet, e x p o rte rs s till b e in g in d iffe r e n t b u y e rs . P r ice s
have w eak en ed s lig h tly , fo llo w in g fu tu res. A t th e c lo s e o f
last w eek a r e p o r t w as r e c e iv e d fr o m th e W e s t o f 600,000
b u sh els b e in g w o r k e d fo r e x p o r t fr o m St. L o u is . T o d a y th e
m a rk et w as w e a k e r , fo llo w in g th e W e s te rn m a rkets.
D A ILY CLOSING PRICES OP NO. 2 M IXE D OORN IN N E W

Futures.
Market \
opened. )

Febru ary...
Feb.-Moh..
M oh.-Apr...
April-May...
May-June...
June-July...
Jnly-Aug...
Aug.-Sept...
Sept.-Oot...
O ct. Nov__
N ov.-D ee...

DAILY CLOSING PRIOKH OF MO.

Sat.

Gash corn f. 0 . b.......
68%
May delivery In elev...... 67%
July delivery in elev ...... 66%
S ep t, delivery In elev___ 65%
DAILY CLOSING PRICES OP NO.
Sat.

Feb. delivery In elev.__ SO
M ay delivery In elev...... 62%
July delivery In e le v ..... 62%
S ep t, delivery In e le v __ 61%

Y O R E .

Prv
68%
68%
68%
68%
68
66%
86%
66%
66%
66%
66%
66%
66%
66%
66%
65%
65%
65%
64%
65%
2 M IX E D CORN IN CHIM1AGO

M on.

Tues.

M on.

Tries.

59%
61%
61%
60%

59
61%
61%
60%

W ed.

T h u rt.

Wed.

T h u rt.

59
61%
61%
60

59%
61%
61%
60

fin .

58%
60%
60%
59%

O ats fo r fu tu re d e liv e r y at th e W e s te r n m a rk et h a v e b een
q u iet, b u t p rices h a v e h e ld a b o u t steady. F ea r o f sp e c u la ­
tiv e m a n ip u la tion in th e M a y o p t io n has c h e ck e d tra d in g .
T h e re h a v e been rep orts o f fr e e r in te r io r o ffe rin g s, bu t it h as
n o t p rom p ted se llin g t o a n y c o n s id e r a b le ex ten t,
T h e d is ­
c o u n t at w h ic h th e la ter d e liv e rie s are se llin g , it is p o in te d
ouo by som e, has a ten d en cy to a u g m e n t the m o v e m e n t o f th e
c r o p , w h ich , on th e o th e r h a n d , r e ta r d in g d e m a n d . L o c a lly
th e sp o t m a rk et has b een q u iet b u t steady . R e p o r ts fr o m
th e in terior state th a t th e in d ic a tio n s are o f an in cr e a s e d
a crea g e fo r th e n e x t c r o p . T o -d a y th e re w a s a w e a k e r
m a rk et.

DAILY CLOSING PRICES OP NO. 2 MIXED OATS IN N E W Y O R K .

Sat.

Mon.

Tues. Wed. Thurt.
49%
49
49
50
51
51%
61%
51%
D A IL Y CLOSING PRICES OP NO. 2 M IX E D OATS i n C H IC A G O
Sat
Mon. Tues.
Wed. 7 hurt.
Feb. delivery In e le v .... 4278
42%
42%
42%
42%
May delivery in e le v ..., 43%
43%
43%
43%
43%
July delivery in elev___ 37%
36%
36%
S6%
36%
Sept, delivery in e le v .... 32
31%
31%
31%
31%
F o llo w in g are th e c lo sin g q u o ta tio n s :
No. 2 mixed In e le v ......
to. 2 white In e le v ...

49
50%

-Fri.
50
51%

Fr%.
42%
43%
35%
31

PLOUR.

F in e .................... $2 85 ®2 90
Patent, w in te r ....$4 00 © 4
Superfine ,
.
3 00 @3 05
City mills, patent. 4 10 ©4
Extra, No, 2 , . „ .
3 10 ®3 15
Rye flour,superfine 3 25 ©3
Extra, No S , wfc, 3 25 ©3 30
Buckwheat flour.. 2 10 ©2
01ears..M. ^ , . . . o, 3 30 ©3 70
Corn meal—
Straights.. eiio a* • 3 75 ©4 00
W estern ,etc..... 3 40 ©3
Patent, sp rin g y * 3 90 ©4 55
Brandywine . .. .
3 50
(Wheat floui?iu cache sells at prioes below those for barrels.)

30
65
75

20
45

GRAIN.
F r i d a y , F e b . 21, 1902,
Wheat, per busta —
c.
e.
Corn, per bush.—
c.
o.
B u siness in th e m a rk et fo r w h e a t flo u r has b een fa irly
Hard Man..
1 .. 87%©89
Western mixed........... 65%®68
N’them JOrL, N o.l 84 ©85%
No. 2 mixed................66%®68
a c tiv e an d a t stead y to firm p rices. W in te r -w h e a t flou rs,
Red winter, No. 3 86%®88
Western yellow ..... . .6 7 % ®69
p a r tic u la r ly th e lo w g ra des, h a v e r e c e iv e d ra th er m o re a t­
Hard N. Y. No. 2. 84 ®85%
Western w h ite ........6 9 % ® 7 0 %
ten tion , an d w ith lim n e d o fferin g s h a v e b r o u g h t fu ll q u oted
>ate—Mix’ d,p. bush. 49 ®61
Rye, per bush—
W h ite...................... 50 ®56
valu es. T h e sales o f sp rin g paten ts h a v e been a lm o st w h o lly
W estern.........................59 ©62
No. 2 mixed........... 50 ©51
State and Jersey.. .. . .6 2 ©63
o f sm a ll lin es, b u y ers ta k in g o n ly su ch su pplies as h av e been
No. 2 white........... 51%©52%
Barley—W
estern.... ....6 8 ©74
needed to m eet w e ll defin ed w an ts. C ity m ills h a v e h ad a
Feeding......................... 64 ©66
lim ite d sale at stea d y prices. R y e flou r has h ad a m od era te
T h e m o v e m e n t o f b r e a d s tu ffs t o m a r k e t as in d ic a t e d in th e
jo b b in g sale and p rices h a v e been w e ll m a in ta in ed B a ck w h ea t flou r has been in better d em an d and closes firm er. sta tem en ts b e lo w is p r e p a r e d b y n s fr o m fig u r e s c o lle c t e d
C orn m eal has h ad o n ly a sm a ll sale, an d p rices h av e been by th e N e w Y o r k P r o d u c e E x ch a n g e . T h e r e c e ip ts a t
W e s te rn la k e a n d r iv e r p orts fo r th e w e e k e n d in g F eb. 15,
q u o te d n o m in a lly u n ch a n g ed .
S p ecu la tion in w h e a t fo r fu tu r e d e liv e ry has co n tin u e d and s ln o e A u g . 1, fo r e a c h o f th e la st th r e e y e a r s h a v e b e e n :
w ith o u t spirit, and th e ch a n g e s in p rices h av e b een fr a c tio n a l
u i O t i • (— . f lo u r .
W M a t.
Corn.
Data.
B n rltt
%t>.
and o f an u n im p o r ta n t c h a ra cter. E a rly in the w eek th ere
B bU .lO O lbi B u th .B O lbt Bu«h.60i6o B ulk.3216i B u th A H lh r
w as a s lig h t im p ro v e m e n t in v alu es, based la rg e ly on fa v o r ­
itncago.........
196,513
427,176
230,816
730,060
261,850
10,400
ab le statistica l d ev elop m en ts; th e U n ite d States v isib le Bup
M ilw au k ee..
24,650
120.000
46,560
93,000
149,060
8,000
p ly o f w h ea t sh ow ed a co n s id e r a b le decrease, an d th ere w as
■ninth ..........
203,210
815
2,650
442
a sm a ll sh rin k a g e in th e a m ou n t on passage fo r E u rope.
(ln n e a p o ll* .
1,088,480
54,680
09,040
48,900
1,920
A n o th e r fa c to r th at h ad a stea d y in g in flu en ce was th e e x p o rt T o l e d o ......
..............
82,610
60,405
43,000
2,400
4,000
dem an d , sh ipp ers h a v in g b ou g h t fre e ly h ere an d at ou tp o rts .
is tr o lt. . . . .
17,189
6,100
26,094
08,096
-----------S u b seq u en tly th e s lig h t g a in in p rices w a s lost. T h e sp ecu ­ l ls v e l a n d . . .
10,671
32,208
75,912
08,207
la tiv e b u y in g p o w e r la ck ed fo r c e , and th e fa v o r a b le c h a r ­ i t . L o u l* . . . .
, 131,700
29,676
205,950
206,400
21,000
3,000
20.8)0
23,800
acter o f the rep orts o f the o u tlo o k fo r th e g r o w in g c r o p P s o r la .. . . . . .
260,000
82,000
0,300
119,000
67,200
520,400
139,200
fr o m t.h" w in te r w h ea t section h ad a ten d en cy to offset, the C s u ia i C ity.
....
bu llish in flu en ces. O ne a u th o rity in c o m m e n tin g u p on th e
i'ot.w k.1002
291,309
2,735,478
1,624,307
1,639,267
518,760
40 062
c r o p c o n d itio n says th a t it is g en era lly fa ir to g o o d an d also la m s w k .’Oi
841,190
3,030,848
4,087,825
3,450.249
064,720
01,778
th at th e in te rio r g ra in m o v e m e n t is slig h tly in creased . B u si­ la m s wk.'OO
424.044
8,199,504
6,860,722
2,881,820
859.981
108,859
Hne* A u i . 1.
ness fo r the we> k in the sp ot m a rkets h ere an d a t o u tp o r ts
has b een a ctiv e , e x p o rte rs bein g la rg e b u y ers, th eir p u r­ 1001-02............ 12,881,611 174.090 023 80,809,304 87,850,854 84,055,912 4,102,900
chases a m o u n tin g to slig h tly in excess o f 2,060,000 bu sh els; lo n o -o i.......... 11,146,750 155 848 344 128,020,300 101.837,084 38,520,520 8,400,268
11,801,134 142,511 827 120.907 984 100,661,819 30.701.800 4.270,852
p rices h s v e been steady. T o -d a y prices d eclin ed u n d er m o d ­ 1 8 9 P -0 0 ...
erate sellin g, prom pter) b y fa v o r a b le c r o p n ew s. T h e sp ot
T h e re ce ip ts o f flou r an d g ra in at th e se a b o a rd p orts fo r
m a rk e t w as f a i r ly active.
the w eek en d ed F eb. 15, 1902, f o llo w :

THE

440

C H R O N IC L E .

nsrtd*
U«t»,
#iMUr
Dorn
Whimt,
bUSr.
b Usi\
bhk»
bush.
buah.
bush
88.100
80,450
66 400 232,500
71,648
040
54 906
87,019
12,890
5i,2l0
765
3,6,3
20,066
7,66*
l,70u
4,000
53,645 102,005
71.824
94,483
' 15,865
67,077
. 60.231 111,816 117,794
46,600
2,333
16,600
H80 10
28,850
81,000
20,000
18,(93
atu*__
80,000 101.W08
59,458
Mi wyoft Nfc»wa„...
21,885
6,fi60 170,170
Mo......
St,, John, N, S..... , 11,935 112,000
46,673 16 610
Total WHfcjk ,.. ... 201. 08 760,861 636,087 638,576
08,648 87,732
403,10* 1,600,320 3,780,670 1,2)4 297
W(S«k 4001, ,
total reeeijpts at por ta from Jan, i to Feb, 15 compare as
follows for four years;
1890.
1001,
1000,
1008,
Jfccrfpt* of—
3,117,188
3,608,740
2,683,403
Eionsr...... ...........
8,654,074
13,284,014
10,649,015
Wh«at,..,.......... basil. 9,366,330
29,4*1 761
21,770,410
81 883,48*
8,863,073
Com.................. ...
8,407,*13
7,t77,«31
... • 8,489,401
8,748,302
Oat*.,.........
868.142
1,080,444
1,070,840
"
848,428
Barley..............
1,680,202
203,074
804,119
“
106,406
Bye......... ...........
51.083 341
51,707,410
“ 18,103,297
40,597,224
Total drain .
The exports from the several seaboard ports for the weeh
ending Feb. 15, 1902, are shown In the annexed statement:
(Jat*.
Pius.
Wheat,
Corn,
flo u r ,
Oat*, Rye,
Peas.
Barley
O
oftt,
Flour,
Rye.
bush.
bush
bush.
bbla*
bush. bush
Mansarts f rom — bush.
bbla,
bush, bush.
bush,
25,374
8,330
Msw York. .. 434.41* 42, 33 43,017
025
Bolton.......... 8*6 930 42 932 20,048
_, __T 17,146
5 600
Portland, Ms. 170.179
Philadelphia.. 1*3,000 107,142 81,079
40
Baltimore..... 40,000 80,538 81,781
0,405
2,012
4,051
Maw Orlean*........ —
21,045
Norfolk.....
•••••••;
69,463
101,008
H«*n rt
80.000
11,985
Si. Joha.N.B. 113,000
---- -200.220 30,091
20,432
Total week 1,820,573 411,897
.
.
Same time’01 2,147,506 6,2d9,003
231,194 670,170
679,179 66,698
1,260,093 231,194
56,898 91,703
91,702 32,491
The destination of these exports for the week and since
July 1, 1901, is as below:
-flow.--------v /------- W heat.------- , pfei----Oarn.W e ek
S in e s J u l y
Week Since July
Week Since July
E x p o rts fo r
Feb 15 1, 1901.
Feb. 15 1, 1901.
Feb. 15 1, 1901.
w e k a n d s in ce
bbls.
bush.
bu sh .
bush.
bush.
bbla.
July 1 to—
881,438 46,102,314 25 y ‘80 10,803 838
U nited K in gdom 118,041 6,456,700
441,978 60,671,030 110,093 9,343 893
66.107 1,887,442
C ontinen t............ .
62,056
18a
586,282
8, A G. A m e r ic a . 12,172 607,454
781,660
11,469
098 910
50
15,233
W o t I n d i e * ... . .
97,899
211,010,
B r .N .A m .C o l o ’ l
17,162
239,958
199 395
4,673
2,070
187,742
O th er c o n n trle *
1,820,573 90,125,833 411,897 81,726,331
T
a > .. . ............. 206,228 9,980,458
2,127,565 88,750,703 5,819,098 101,049,759
T o t a l 1 9 0 1 -0 3 ,,.. 281,194 10,229,444
The visible supply of grain, comprising the stocks it
granary at the principal points of accumulation at lake and
seaboard ports, Feb, 15, 1902, was as follows:
Corn.
Oats.
Wheat,
Its*.
Barlst
bush.
bush.
bush.
bush.
busk.
In stars *t—
3,456,000
733 >00
616,000
69,080
178.001
le w Y o r k .........
12,000
196,000
Do
afloat.
. 1.830,000
70.000
444,000
606,000
52,000
235 ;Uc
187,000
5 0 1 ooe
179,000
43,000
Baltimore.
108,000
.. 298,000
89,000
St.noo
14,000
22.000
M o n tre a l................
61,00
70.000
15,000
.. .•.«
61 lot
T o r o n t o -.................
484,000
..
3.065,000
384,000
3 JOu
817,OOC
B n f la lo .,..................
.. 801,000
84,000
Do
afloat..
938,004)
54,000
528,000
187,000
T o le d o
. ...
Do
a flo a t ...
.. 376,000
199,000
88,6CH)
U3,oio
22 001
Do
a flo a t.
.. 0,705.00*
494,000 1,045,000
4,508,000
179.00
. ... . .
417,000
77,000
Do
afloat
618,UJv
161,0to
881,000
201,00
85,000
M ilw a u k e e ..........
Tofk
BOStOEt
#biiiid«ip

*1—

Do
a f l o a t .......
ff t,W U l’m & P t .A r t lin j 4,776,000

Dninth..,.,.., ....... U,132,o««

Do
a f l o a t ......
611,000
M in n e a p o lis ............... .16,162, jOv
a t houiJi............
1,421,000
Do
a f l o a t .......
......

Sanaa* City..... .

1.878,000

175,000
79,000
1,530,000

1,011,000
423.000
104.000

182,000
103.000
244,00^
xa7,d6o
201.000
51,000

455,000

41,000

102,000

2(0 ,0 0 0
..............

On can al an d r i v e r , . .

46,000

8,000

113,000

37,000

65 502.000
60,506,000
67,608,000
58.219.000
20,618,060

11.132.000
11.580.000
17.031.000
14,815 000
81.820.000

4.890.000
4.416.000
10,302,000
6.743.000
8.676.000

3.283.000
3.355.000
1.174.000
1.146.000
1.541.000

T o ta l
T o la )
T o ta l
T o ta l
T o ta l

F eb.
Feb.
F eb.
Feb.
Feb.

1 5 ,1 9 0 2 ..
8, 190 8 . .
1 0 ,1 9 0 1 ..
17, 1900..
18, 1 809 ,.

THE

•■■ ••••

74 OOi
23,001

52.000
8 j00

P e o r ia ------ . . . . . . . . . . .
In d ia n a p o ll*...........
O n M U ilM lp p ia ir e r .

On Lakes.................

203.01

[V ol. LXXIY,

medium-grade staples, This week’s basiness has been on a
quieter scale than of late, so many of the large operators
having completed their first round of buying. The demand
for Ight-weights for quick delivery is quite a feature for
this late stage of the season. The light-weight market is in
excellent condition and goods are diffl mlt to secure even at
prices which compare very favorably with the quotations on
rail lines. Woolen dress goods for fall have been in good
demand in low and medium-priced staple lines at firm prices.
Business in overcoatings and cloakings has been on a lim­
ited scale, but prices are unchanged.
Domestic) Cotton G oods. —T he exports of cotton goods
rom this port fo r the week ending Feb. 17 were 10,447
packages, valued at $429,010, their destination being to the
points specified in the tables b elow :

DRY GOODS TRADE.

N e w Y o b s , Fb id a y , P, M .t Feb. 21, 1902,
Following last week’s activity in the print cloth division of
the market, quieter conditions have prevailed thii week so
far as business done is concerned, but there has been again
quite a stroag tone, and full prices for print cloths have been
easily maintained. The market in certain other directions
has reflected the movement in cloths, advances being re­
ported in prints and other allied fabrics. The cotton goods
situation generally continues more or less difficult for buyers,
Goods are scarce in nearly all quarters and sellers are even
less inolined than before to accept orders for forward deliv
ery. Buyers are not apparently anxious to go beyond well
ascertained requirements, but from the growing attendance
from out-of-town markets it is evident that these are b com­
ing more pressing, and this week’s business has been on
a fair scale, although locally the weather has been an obsta­
cle to spot trade. The cotton situation is puzzling. The
movement is abnormally large for the time of year, but still
Southern manufacturers, as a rule, adhere to short-crop views
and decline to be influenced by current figures.
W oolen G oods.— The general tone of the market for
men’s wear woolen and worsted fabrics for fall is steady,
but there are some few lines which have not done well in
which prices are irregular. Farther lines have been with­
drawn this week, sellers having taken full complement o f
orders and occasional advance o f 5 per cent is reported in

1901.

W eek . S in c e J a n .

1. W eek. S in ce J a n . 1

iroat B r ita in ....... . . . . . .
Jther E uropean........
Jh ln a.... .........................
In d ia .. . . . . . . . . . . . . . . . . . . . .
ir a b ia ..... . . . . . ____. . . . .
U r lo a ............. .
West In d ie s........... .
Mexico...... ...................
Jentral A m e r ic a ..........
-loath A m e r ic a ...........
Other C o u n tries.. . . . . . . . .

19
IB
0,989
300
1,439
396
810
17
170
510
282

823
342
19,408
4,414
3,803
1,498
3,369
252
673
6,594
1,623

46i
3,052
286
625
57
203
474
3

622
496
4,270
570
4 ,052
682
4,143
309
1,757
9,170
821

T o ta l...........................

10,447

41,859

5,307

26,910

135
11

The value of the New York exports since Jan, 1 to date
ttas been 11,688,670 In 1902, against $1,239,404 in 1901.
If sellers were not stiff in brown sheetings and drills in
export grades, a considerable b usiness could be done on China
account; numerous bids coming to hand from that market,
but few of them being up to sellers’ limits, Home buying has
been on a moderate seal© in brown goods. Business in ducks
and bro wn osnaburgs bas been quiet. Bleached cottons have
been in better request than of late and firmer in tone for
low grades. Wide sheetings and cotton flannels and blank­
ets are quiet at previous prices, Deaims are strong and oc­
casionally M o . higher; plaids advanced y & *. in one or two
makes, 0„her coarse, colored cottons are very firm but not
quotably higher. Kii-fiaished cambrics advanced
to
'&%o. for 64s. Most lines of staple prints have been advanced
M o . this week in sympathy with print clotas, with an aver­
age business at the higher prices. Fancy prints are un­
changed. Ginghams aie generally held at value. Madras
cloths are in good request. Print cloths are strongly held on
the basis of 3 } £ o . for regulars. Wide odds very firm.
F oreign D r y G oods.—A fair demand for fine-grade goods
for fall is reported, with a moderate business in sheer fabrics
for quick delivery. Silks and ri bbons are very firm. Linens
are quiet, but prices well maintained. Burlaps are dull and
barmy steady.
Im p o r ta tio n s a n d W a r e h o u s e W it h d r a w a ls ot D ry

es

g

s £3
H PH
0 •T©

* Sft £(<: SS&
«~ 8
© :• g
s>:• ;I »a;; g.
s
2l
§ ! ! ! ! §
o* ©* « i « H
SS
S5e
fi!
aS ■ ?

SE

m

g

sg
S gt
a gS
1

f. trr

.
50,000
2^45,001
1,995.001
1.069.00
1.422.001
2,772,00

1902.

New Yoke: to Feb. 17.

<SC0

f a g g jf
©
O

j i
I"
o
■*
a ft « ® e

0

cs_ CO<3 oooco<i^

toO va£*tfcC
0 350 ►
-*

^ . OiSs.
Oi KKO
^ orCXO
P 1P P
03 1 Olb Q0^ COto 00
CD , WO)
-ft to CSr-*3

O

CO
t oo

t—
ugs, ^
pot© - 0fcO*3t3M

cob Wtobc©<»
CD -3to<3M<1

COI CO

: oo to

<J>-CDO
>-» to
b b bobb b
CO t>ff-*
t*C
oD
ox k-A03
o
00 Jj^CDjfMMOO

MtOCiCitO

<3bcobb
CO
«
0)^32CHonO
btobbab
CDOi tO CD
tOOt CDO

t>o
-4 to
55 to
©
02 to
(► CD

01 ndo -o to

M—
oto _p
tOM Ol^KXStO
COCO ■slOOHW
coco & QO*6*.Mtfk
<3O'

O.
to ! cobbtob
CD1 tOO)CDtpO
03 !

HtOCO©«
<3 CO
"cob •vIOOMtOOC
o to
toco

<3)0

1 ocoOouo
A
; ©~4©K!«s
I

1
<®°

M
S5
©69-**»>»

CD^

CWHHH
HO O<|
bbbbb
>-» m tocx

tfKpa
<» j <0<l
fcO <1^
O J©\CX
M j M'O
C»
co I coco

do do co oo
OOCOM00CO
epcocxco to

bbbb b
MMCb<| »

os
r»I

b i cooB-bbbo
CDi fcOOCOCR<!
*-• I tOrf^CDCOCO

CDJ?Op>-*pO
bbb<T*0
CX'CXft-OOM
QO^H'O

CD<36» CDO

10w

2f

COCOCDCD

<J^J
bsp
oo»
W.w
; coca
I
’ -J is
OCX
1-» o
oo

CO j

b
to

©TCX COrfkOO
OO) 0 <300CO<35
CRCO t o < 5 0 00
bc'bj^bbo

MMw p w

to

H-*to COto

— j boto tOCDK) Ni tO
CD CDO
Cn<35^CD<5

i05 H fOO v.0-n]

ChQDOP
■ ....... .
a> , © #. CO
M ! to00 V COM<3ts
Ot3Mt3
i-> © r9 O
00 1 to O toMCOCO

M1
<3 j 00J-*MCOM
<J j oobo^W
00 |KC5)COO)^
CP I OOCOQRQOCR

M H*

COCOI
CX"o i COCO0) 00SR
OH QDv|^3to
O* to

gj m
9 * osH
g!

0

to

CO|CO
2 1 0*6
tCGO 03OCXCD*9
CD00MCD
CO ■CSp
CD b vO tsbsi <b

- g-®,|
« : . uj !

g*M= «9 : 1

Cfi <1
o ! oo>«* O?jffc0Dco o
*4 J_ » Q COO*<3 'O

CO
e> i CDI-*

G oods.

o
aATt»o“-->
e-> <o »!5.03 op
o<*
vJH eooois o o
iMf^
coo
90
C!*H
KJ'05
COI-1

o«CXOnSCO
otois-ao
a je

» fe

ao'bit-.'orco

o
oo-Jio
-><
■(oo
u -U
*

MM
M
b !bbbVb
<j CROC0 0 3 0 »
pt j OOtOCHCC'p)
m bobbo^s
ifv ) CO00- •5 M
?V« M» <|

ft
ft ,

F ebru ary 22, 1902. )

S tats

a im

THE

C H R O N IC L E

C ity ' B t T r m w t m .

Bond Calls and Redemptions.
Bexar County,

T ex .—Bond Call.—R. H. W ester, C ounty
Treasurer, gives notice elsewhere among the advertisements
in this Department, that interest ceased on F eb. 20 on all
outstanding court house-site bonds, dated M ay 11, 1891,
bearing interest at the rate o f 6 *. The am ount o f bonds to
be redeemed under this call is $21,000. Paym ent w ill be
made at the office of the County Treasurer.

Bond Proposals and Negotiations

this

week have been as fo llo w s :
Ada County (P . O. Boise), Idaho.—Bond Offering.—Pro
posals w ill be received until 10 a . m ., March 7, by J. H.
W ickersham, Clerk o f the Board o f County Commissioners,
for $19,784 10-19-year (serial) gold bridge bonds and $6,769 40
10-19-year (serial) gold vault and ja il bonds. Interest (rate
to be named in bids) must not exceed 6 #, and w ill be payable
January 1 and July 1 at the office o f the County Treasurer
or in New Y ork City. A certified check fo r 10$ o f the
amount o f bonds bid for, drawn w ithout conditions, must
aocompany proposals for each o f the above issues.
A lban y, N. f .—Bond Offering.— H ow ard N. F uller, City
Comptroller, w ill sell at public auction at 12 m . M arch 5 the
follow in g bonds :
$78,000 3^* 1-20 year (serial) refunding water bonds. These bonds are exempt
from town, county, municipal and State taxes.
55,000
1-5-year (serial) improvement bonds.
Both the above issues are dated Feb. 1,1902, and the inter­
est w ill be payable semi-annually.
A u stin , T exas.— Bond Notice.—H. P. H illiard, City Treas­
urer, in a notice to the holders o f Austin, Texas, bonds, given
among the advertisements elsewhere, requests the holders to
forw ard bonds to be refunded direct to the Austin National
Bank, Arrangem ents at the bank are now com plete for re­
funding. The plan of adjustm ent was given in the C hro n ­
ic l e Dec. 14, 1901.
Bessem er, A la.—Bonds Proposed.—This city proposes to
issue $70,000 sewer bonds.
B id d eford , Me.—Loan Authorized.— The City Treasurer
has been authorized to borrow $25,000 in anticipation o f the
collection of taxes.
Blue Earth, ( Minn.) School D istrict.—Bond Sale.— This
district has sold at par to McDonald, M acCoy & Co., Chicago,
an issue o f $5,800 i% 5-year bonds.
B ra d ford , P a.— Bond Offering.—Proposals w ill be r e ­
ceived nntil 5 p. M , March 1, by Edward C. Charlton, City
Clerk, for $20,000
street im provem ent bonds. Securities
are in denomination of $1,000, dated Feb, 1, 1902. Interest
w ill be payable semi-annually at the office o f the City Treas­
urer. Principal will mature $1,000 each six months from
A u g. 1, 1907, to Feb. 1, 1917, inclusive, all bonds unpaid,
however, being subject to call after Feb. 1, 1912. Bonds are
free from all taxes. A certified check fo r $500, payable to
the City Treasurer, must accom pany proposals.
B ro ck v ille , Out.— Bonds Authorized.— The issuance of
$50,000 gas and electric-light-im provem ent debentures has
been authorized. These debentures, we are advised, w ill not
be issued for some weeks.
B uffalo, N. V.— Bonds Proposed.—The Board o f Aldermen
has adopted the report o f the Finance Committee recom ­
mending that the Legislature be petitioned for authority to
issue $600,000 bonds for school purposes, not more than $150,000 bonds to be issued in any one year.
B u tler, Pa .—Bonds Voted.—This town voted to issue bonds
fo r public improvements at the election held February 18.
Canton, Mo.— Description o f Bonds.— The $20,000 water and
electric light bonds w hich we stated several weeks ago had
been voted will carry 4$ interest, payable annually at the C it­
izens’ Bank o f Canton. The bonds will be issued in denom ­
ination o f $ 1 , 000 , and w ill mature one bond yearly fo r ten
years, the remaining ten bonds being su bject to call after
ten years. The date for the sale o f these bonds has not yet
been determined.
Chicopee, Maas.— Loan Authorized.— The City Treasurer
has been authorized to borrow $15,000 in anticipation o f the
collection of taxes.
C olum bia County (P . O. H u dson ), N. Y.— Bond Offering.
— George H. Macy, County Treasurer, w ill sell at public auc­
tion at 1 p . m , March 3 $85,000 3)£$ registered court house
bonds, Securities are in denomination o f $5,000, dated
March 1, 1902. Interest w ill be payable semi-ammally. Prin­
cipal will mature $10,000 yearly on March 1 from 1917 to
1923, Indus.ve, and $15,000 on March 1, 1924. It is stated
officially that this county has never defaulted in payment of
principal or interest on its bonds.
Col ambus, Miss.—B ond Offering,— Proposals w ill be re­
ceived until 5 P, M., March 11, by C. L. Lincoln, Mayor, for
$98,000 20 year bonds, issued to refund a like amount o f Co­
lumbus Fayette & Decatur Railroad bonds put out in 1882,
the validity o f which has been settled by the United States

441

Courts. The refunding bonds fare authorized by an A ct o f
the State Legislature approved Fob. 0, 1902. They are in
denomination o f $1,000. Bids are asked on bonds bearing
\%% and 5$ interest, w hich will be payable semi-annually at
the office o f the City Treasurer.

The official notice o f this bond offering will be found among
the advertisements elsewhere in this Department.
Colum bus d r o v e , O hio.—Bond Offering.— Proposals will
be received until 12 m ., March 17, by Cbas. K illen, V illage
Clerk, for $30,000 A% 20-year water bonds. Securities are in
denomination o f $1,000, dated March 1 , 1902. Interost will
be payable March 1 and Septem ber 1 at the office o f the V il­
lage Treasurer. Bidders w ill be required to use the form of
bid furnished by the V illage C leik and a certified check for
o f the amount o f the bonds bid for, drawn cn one of the
banks at Colnmbus Grove in favor o f the above-named V il­
lage Clerk, must accom pany proposals. These bonds are
authorized by sections 2835, 2836, 2837 and 2837a , Revised
Statutes o f Ohio. Bidders w ill also be required to furnish
blank bonds free o f charge. These bonds were offered for
sale on January 28 as 3% per cents, but the low rate did not
attract any bids o f par or better.
Cook County, 111.—Temporary Loan.—W e are advised
that this county has borrow ed $5U0,000 from the C hicago N a­
tional Bank on fifty certificates o f $10,000 each, all to m ature
May 1, 1902. On account o f the delay o f the State Board of
Equalization in reporting to the County Clerk, thereby ren­
dering it impossible for the different collectors to com plete
returns to the County Treasurer before A p ril 1, 1902, this
loan was made^nece^sary to meet obligations. A b ou t M arch
1 another loan fo r $500,000 w ill be negotiated.
C orsicana (T e x a s ) S ch ool D istrict.—Bond Safe.—The
$25,000 school bonds mentioned in the C hronicle February 8
have been awarded to the Permanent School Fund o f Na­
varro County.
Dallas, T ex.—Bonds Authorized.—The City C ouncil has
authorized the issuance o f the $50,000 gold w ater-w orksimprovement bonds voted at the election held January 14.
Securities w ill be put out in denomination o f $1,000, dated
Feb. 1, 1902. Interest w ill be at the rate o f A%, payable semi­
annual!}’ at the Seaboard National Bank o f N ew Y o rk City.
Principal will mature Feb. 1, 1942.
D avenport (I o w a ) S ch ool D istrict.— Bond Election.—The
School Board has determined to subm it the question o f issu­
ing $250,000 school-house bonds to the voters at the spring
election.
Dayton (W a sh .) S ch ool D istr ic t.— Bond Election.— An
eleotion w ill be held March 1 to vote on the question o f issun g $50,000 school-house bonds.
D over, N. J .—Bond S a fe .-O n Feb. 10 the $70,000 3%% 20year water bonds, dated May 1, 1902, were awarded to the
First National Bank o f N ew Y ork (the only bidder) at par.
For description o f bonds see Ch ro nicle Feb. 8, p. 340.
F a y ettev ille, N. C.— Bond Offering.—Proposals will be re­
ceived until 12 m ., Feb. 27, at the office o f the Mayor, for
$7,000 5% 30-year electric-light bonds, issued under the au­
thority o f Chapter 118, Private Laws o f 1899. Interest on
these bonds will be payable semi-annually, and the principal
may be called at any time upon payment o f 2% premium,
F reep ort (N . Y .) S ch ool D is tr ic t .—Bonds Voted .—A t the
election held February 14 the proposition to issue $25,000 A%
bonds carried. The bonds are to be in denomination of
$ 1 ,000 .
G a liip olis, O.— Bond Offering,—Proposals w ill be received
until 1 p. m ., Mar. 1 , by Geo. F. B ovie, City Clerk, fo r $8,000
H street-improvement bonds. Securities are issued under
the authority o f Section 2293-78 Revised Statutes o f Ohio.
They are in denomination o f $1,000, dated Feb. 25, 1902. In­
terest w ill be payable semi-annually at the office o f the City
Treasurer. Principal w ill mature one bond yearly. A certi­
fied check fo r 5% of the amount o f bonds bid fo r must accom ­
pany proposals. Bids must be made on blank form s w h ich
may be obtained from the City Clerk, together w ith an elab­
orate pamphlet giving a com plete transcript o f th e proceed­
ings taken in authorizing these bonds.
G alveston County, T e x .—Bond Election.—A n'election has
been called fo r March 20 to vote on the issuance o f $1,500,000
A% 20 40-year (optional) protection bonds. Subscriptions in
large numbers from local investors have already been filed
for these bonds, and the aggregate amount up to a recent
date so subscribed was stated to be nearly three quarters of
a million dollars.
B ie n v ille (N eb .) S ch ool D istrict No. 49.— Bonds Voted —
This district on Feb. 11 voted to issue $3,000 school-house
bonds.
G lo v e rsv ille , N. Y.—Bond Offering.—O. L. Everest, City
Chamberlain, w ill sell at 2 p . m ., March 7, $8,200
localim provem ent bonds as follow s :
$2,100, maturing Feb. 1,1908. Denomtr ations, two $1,000 bonds and one $100
bond.
1,000, maturing Feb. 1,1004. Denominations, one $1,C00, one $500 and one
$100 bond.
1.500, mauirinif Feb. 1, 1005. Denominations, one $1,000 and one $600 bond.
1.500, maturing Feb. 1, 1000. Denominations, one 11,010 and one $6oo bond.
1,600, maturing Feb. 1, 1007. Denominations, one $1,000 and ono $500 bond.
Securities are issued under the authority o f Chapter 275,
Laws o f 1899. They are dated Fob. 1, 1902, and the interest
will be payable annually at the F ourth National Bank, New
Y ork City. A ccrued interest is to be paid by purchaser.
G rant County, N. M ex.— Bond Sale.—This county has sold
at par to R . P. Barnes, A gent o f M ontague & Co. o f Kansas

142

THE OBKONIOLK

C ity, an issue o f 5% g o ld bonds to refund the $318,000 bonde
called for payment M arch 1, 1903. The new bonds are in
denom ination o f $1,000 and w ill m ature Jan. 1, 1933, su b je ct
to ca ll after Jan. 1, 1933.
G reen Hay, Wla. Band H a l t s 'T his city haa sold $9,800 5
and 0 per cen t assessment bonds to the C itizens’ N ational
Bank o f Green Bay at par. These bonds w ill m ature in
from one to ten years.
G reeu e C ounty, O h io .— Bond Offering.— Proposals w ill be
received until 1 P. M. M arch 13, at the office o f the C ounty
A u d itor, for $10,000 5% bonds Securities are in denom ination
o f $500, dated A p ril 1, 1902. Interest w ill be payable semi
annually at the office o f the C ounty Treasurer. P rincipal
w ill m ature $3,5U0 yearly on A pril 1 from 1904 to 1907 in ­
clusive.
G reen field S ch ool D is tr ic t, Dade C oun ty, M o .— Bond
Sale.—T his district has sold $3,500 5$ 10-20 year (optional)
bonds to the Dade C ounty Bank o f Greenfield. Interest w ill
be payable annually.
Refunding Bonds.— W e are advised by John A . Davis, Sec­
retary, that the Board o f E ducation w ou ld refund $7,000
bonds, series o f 1896, provided an offer was m ade fo r new 4%
bonds to m ature iu 20 years, su b je ct to call after 5 years.
U aiupdeu C ounty, Mass.— Loan Authorized, — The C ounty
C om m issioners have authorized the Treasurer to borrow
$100,000 in anticipation o f the co lle ctio n o f taxes. One half
o f this loan has been negotiated w ith the Springfield Insti­
tution for Savings and on e-h a lf w ith the Springfield FiveCent Savings Bank. L oan carries %%% interest and w ill
m ature N ov. 5, 1903.
H a rrisb u rg , P a .— Bonds Voted. —A t the election F eb. 18,
1903. the question o f issuing $310,000 w ater, $365,000 sewer,
$65,000 dam, $350,000 park and $100 000 paving bonds was
carried by good m ajorities. W e are advised that it w ill be
m any m onths beforejany o f these securities w ill be placed
on the m arket.
H a rw ich , M ass.— Loan Authorized. — A t a recen t tow n
m eeting a loan o f $ 10 ,0 0 0 fo r h igh w ay purposes was author­
ized.
H em pstead U n io n F ree S ch o o l D is tr ic t No. 11, Nassan
Co., N. V.— Bond S a le.- On F ebruary 19 the $7,000 bonds de
scribt-d in the C h r o n ic l e F ebruary 8 were aw arded to the
F reeport Bank o f F reeport at par for 3'45 per cents.
H en d erson (T e x .) S ch o o l D is tr ic t.— Bonds Approved. —
The A t'orn ey -G en e ra l has approved an issue o f $3,000school
house bord s.
H ig h P o in t, G u ilfo r d C ounty, N. C.— Bond Sale.— On F e b ­
ruary 20 the $50 0U0 5$ 30-year g old water and sew er bonds,
dated M arch 1, 1902, were aw arded to Seasongood & M ayer,
C in cin n ati, at 109 069—a basis o f about 4 ’45%. F o r fu ll d e ­
scription o f bonds see C h r o n ic l e Feb. 8, p. 310.
H u dson , N. Y .—Bona Sale.— On F ebruary 20 the $10,000
3 1 - 1 0 year (serial) refu n d in g bonds, dated M ay 1, 1902,
w- re aw arded to the H udson C ity Savings Institution at
100'80— an interest basis o f about 3 ’34%. F o llo w in g are the
b id s :
Hudson City Savinas Inst’n....100*80 IM. A. Stein, New York............100-2?
1. W. Sherrill, Poughkeepsie__ 100 67 I W. J. Hayes & Sons, Cleve.......100'27
Edmund Seymour jfeCo.. N. Y..100'5l ILampreckt Bros. Co.,Cieve..... 100T1
Denison. Prior &Co., Boston__100’Sl |
F o r description o f bonds see C h r o n i c l e , F eb. 15, p. 392.
J a ck so n C ounty, A la .— Bonds Authorized. — It is stated
that the Board o f C ounty C om m issioners has authorized the
issuance of $125,000 road bonds.
J efferson C oun ty ( P . 0 . M a d i s o n ) , I n d . — Bond Sale.—On
F ebruary 15 the $90,525 4% toll-road bonds, fu lly described in
the C h r o n i c l e F ebruary 1 on page 282, w ere aw arded to
E. M. C am pbell & C o., Indianapolis, at par.
K a u f m a n , T e x .— Bond Offering .—T he $20,000 w ater and
$9,000 refu n d in g sch ool bonds, m entioned in the Chron ­
icle F ebruary 1, w ill be issued in denom ination o f $500,
dated Jan. 1, 1902. Interest w ill be at the rate o f 4%, payable
in g old , in Austin or in K au fm an. P rin cip al w ill m ature in
40 ytars, su b ject to ca ll after 5 years. P roposals for these
bonds w ill be received u ntil M arch 4 by G . G . Shaw , M ayor.
A certified ch eck fo r 5% o f the am ount o f b id w ill be re­
quired with propoasls.
" K e a r n y , N, J .— Bond Sale.— The $30,000 4% 30-year school
bonds m entioned in th e C h r o n i c l e Dec. 2 8 have b e e n
aw arded to W a lter Stanton & C o., N ew Y o rk City.
L an caster, T e x .—B on d Election.— A n election has been
ordered to v ote on the issuance o f bonds for w ater purposes.
L im a, O h io.— Bids.—F o llo w in g are the bids received Feb.
17 fo r the $28,352 64 4% East M arket street paving bonds de
scribed in the C h r o n i c l e Feb. 8 , on page 34'>:
Premium. I
Premium.
Denison, Prior & Co.. Cleve..... $285 00 Seasonsrood &Ma ye r. Ctncin.... $56 66
R. Kieybolte &Co.,Cincinnati..a 87 00 I Lampreckt Bros. Co.. Cleve..... 66 00
A c t ! n on the bids was deferred one week.
L itt le F a lls T o w n s h ip S c h o o l D is tr ic t, P a ssa ic C oun ty,
N. J . —B ond Negotiation,— Tnis d istrict is n egotiatin g w ith
the H am ilton T rust Co. o f Paterson fo r the sale o f $18,000 4%
5 10 year (serial) school bonds at 10P50. These are the bonds
aw arded on N ov. 7, 1901, to Jn o. D. E veritt & C o., N ew
Y o rk , at 101 '43, bu t w h ich w ere afterw ards declined b y that
firm.
L iv in g s to n S c h o o l D is tr ic t, P a r k C ou n ty, M on t.— Bonds
Voted,— T his district on F ebruary 8 voted to issue $25,000
4% 10-20 year (option al) school-house bonds. D ate o f sale
is n ot y et fixed.
L o ck w o o d S ch o o l D is tr ic t, A la m ed a C oun ty, C al.— Bond
Sale.— On F ebruary 8 $15,000 5# 1 - 1 5 - y e a r (serial) bonds

[V o l . L X X I V .

were aw arded to E. H . R ollins & Sons, San Francisco, at
103 8 6 6 —a basis o f about 4*418%. F o llo w in g are the bids :
E. H. Rollins & Sons, Ban
I Frank J. Mofiitt, Oakland... .$16,880 0 0
Francisco ....................$16,580 00 |Laurpreohi Bros. Co., Cleve.. 16,828 60
L om p oc, C a l.— Bond Sale.— On F eb . Id the $40,600 4%%
1-40-year (serial) gold w ater bonds were awarded to the
Oakland Bank o f Savings at 10840. F or description of
bonds see C h r o n icle Feb. 8 , p. 840.
L o u d o u v ille , O h io. Bond Sale.—On F ebruary 15 the $25,0 0 0 5$ w a t e r - w o r k s b o n d s d e s c r i b e d i u the C h r o n i c l e Feb.
1 w ere aw arded to N. W . H arris & C o., C hicago, at 112’82
and interest—a basis o f about 8 948#. T he fo llo w in g bids
w ere receiv ed :
N. W Harris &Co„ Chicago.....$28,080 IFarmers’ Hank, Loudonvllle.. Imoir , 1 5
Mansfield Savings Rank ...... I
lini Loudouville Ranking Co........( w/.no
Mansfield Sav. & Loan Co..... j ko.uoi |
The fo llo w in g firms also bid fo r the bends : Denison, Prior
& C o.. W . J. H ayes & Sons and T he L am prech t Bros C o.,
C leveland; the N ew F irst National Bank ot Colum bus, Seasongood & M ayer and P. S. B riggs & Co. o f C incinnati.
M anistee, M ic h .—Bond Election. —The Com m on C ouncil
has decided to su bm it the question o f issuing $125,000 street­
paving bonds to a vote o f the people at the A pril election.
M a ricop a C oun ty (A r iz .) S ch o o l D is tr ic t No. 1 .—B on d
Election.— An election w ill be held Feb. 27 for the purpose o t
voting on the question o f issuing $ 10 ,0 0 0
20 -year eohoolhouse bonds in denom ination o f $500
M a rq u e tte C ounty, M ich .— No Bonds a t P resen t— It has
been stared in som e o f the papers that this cou nty w ill build
a $100,0U0 cou rt house. W e are advised that it has n ot yet
been decided to build a cou rt house, and it w ill p robably be
several m onths before the matter is voted upon.
M a rtin s F e rry , O h io .—Bond Offering.— Proposals w ill be
received until 12 m , M arch 1, by E. D. Lash, C ity Clerk, fo r
$8,000 4# electric-ligh t plant bonds. Securities are in d en om ­
ination o f $1,000, dated Jan. 1 , 1902. Interest w ill be pay­
able M arch 1 and Septem ber 1 at the office o f the C ity T reas­
urer. P rincipal w ill m ature $1,000 yea rly on Septem ber 1
fro m 1930 to 1937, inclusive.
M eade C ounty ( P . 0 . S tu r g is ), So. D a k ota .— Bond Offer•
ing. — Proposals w ill be received until Ju ly 1, 1902, for $90000 5# 10-20-year (optional) bonds, put ou t to take up the
floating debt o f the cou nty. Securities w ill be issued in d e­
nom ination o f $100, dated J u ly 1, 1902. Interest w ill be
payable Jan. 1 and July 1, in N ew Y o rk City.
M on tg om ery , A la .—Bids Rejected.— A ll bids received Feb,
1 2 fo r the $ 7 5 ,0 0 0 4 % % 4 0 year bonds described in the C h r o n ­
ic l e
Feb. 1 were rejected, and the M ayor w a s in stru cted to
sell the bonds for cash on the best terms obtainable, provid ed
the prem ium be n ot less than $ 4 5 0 .
M oorestow n , N. J .—Bonds V oted — A t a tow n m eeting
held Feb. 14, the voters recom m ended the bon din g o f the
tow nship to the am ount o f $25,000 for sew er purposes.
M o u n ta in V ie w H ig h S ch o o l D istr ict, S an ta C lara
C ounty, C a l.— Bond Ottering.—P roposals w ill be received
u ntil 10 a . m ., M arch 17, b y G eo. E. R ea, Chairman o f the
County Board o f Supervisors, fo r $7,01)0 6 # gold school bonds.
Securities are in denom ination o f $1,000. interest w ill be
payable annually on Jan. 1 at the office o f the C ounty Treas­
urer. P rin cip al w ill m ature $1,000yearly on Jt>nuary 1 from
1905 to 1911 in clusive. A certified ch eck fo r 10% o f the
am ount o f bonds bid fo r, payable to H enry A . Pfister, Clerk
o f the B oard o f Supervisors, m ust a ccom pan y proposals.
M ou n t V ernon , N. Y.— Bond Pile. —On F ebruary 18 the
$36,000 4% scbuol-tax-relief bonds m aturing Feb. 1, 1905,
w ere aw arded to H arrim an & C o., N ew York C ity, at 100'81.
F o r description o f bonds see C h r o n i c l e F eb. 8 , p. 341.
M u sk ogee, ln d . T e r r it o r y .— Bond Sale.— The highest bid
received F eb. 13 fo r the $150,000 w ater and $25,000 sew er 30year bonds was that o f the T erritorial Trust & Surety C o.,
o f M usaogee, at 104’ 50 for 5 per cents. The fo llo w in g bids,
all fo r 5% oonds, were received:
Territorial Trust & Surety Co.$182,876 IDenison, Prior &Co.. Cleve— $180,560
O’Connor & Co., Dallas........... 180,580 |W.J. Hayes&Sons.Cleve...... 178,500
F or description o f bonds see C h r o n i c l e Feb. 8 , p. 341,
N ew ark , O h io.— Bona Sale,— Gn Feb. 10 the three issues o f
4% bonds, aggregatin g $40,573, w ere aw arded to the N ew
F irst N ational Bank o f C olum bus at 101. F or description o f
bonds see C h r o n i c l e Jan. 25, p. 225.
New G la u ru s (V illa g e ), G reen C oun ty, W is.— Bonds
Voted.— T his v illa ge has voted to issue $14,0U0 w ater w orks
bonds.
N ew Y o r k C ity .— Bond Sale.— U n der the provisions o f the
new ch arter elim inating “ all or n o n e ” bids, the offering on
F ebruary 18 o f $3,000,000 3%% gold corporate stock o f New
Y o rk City attracted one hundred and sixteen bids, a g gre­
gating $25,790,810. T he bonds w ere aw arded at an average
price o f 107 508, or an interest basis o f abou t 3T94%. The
allotm ent was as fo llo w s :
$ 2 , 5 0 0 ,0 0 0 RAPID TRANSIT RONDS—AVERAGE PRICK, 1 0 7 '6 0 .
Frederick V. Wa'ters... $20@112'60 Association of the C $3SO®lO8'6i>0
Lawrence Barmun A Co. 200® 1 i2*00
Bar Of City of New •!
uo®us*ns
60(141 111 -OO
York.............. ... (
Alfred C. Newult.........
10® 108*00
Alfred Neu .................
60®UO*S0 James M. Power —
10i,. 1lO'OO Union Tr. Co., N. \ ...l, .*>00,000® 10 7 *71
B. P. MldRiev..............
60®1 10*00 H. B. Hollins A Co.,
Mis» A. Leitliead ........
i 2o®uo*oo
account of Mercan­
W. L. Tharp............
10,0Uh®l08*.'8
tile Tr. Co. of St. L. S6 o,ooo®ior6o
10,000® 107*60
lo.O 0®108*4t F. IV. Palmer ...
10,00' ®u>8-ai) Wadsworth A Wright t&iM'Ov vi 10? A t
Greater New York Se­ 10,cOO®10811 Stevuberscr, Sinn A
6 0 ,0 0 0 ® ! 07*20
Co................
curity Co.... ......... 10,000® 108-01
IO,OOO®1O7*02 Doiumlok A tVmt
nlok.Lowisohn Bros,
10,000®107'Ml
10,000®107‘20
and Central Realty
80,000®l OS-A
B. A T. Co.............. 270,060® 10 PI?
60,000®107‘72
T h e B an k of N. Y.
00,000®107*00

F e b r u a r y 22, 1902.]

THE

C H R O N IC L E ,

443

bonds has been authorized. These bonds w ill he pu t out
about July 1,1902.
P on ce, P . II.— Price Paid f o r Bonds.— W e are advised
that the price paid for the $200,000
10 -2 0 year (optional)
gold bonds awarded to J. M C eballos & C o ., N ew Y ork C ity,
was 103 50 and a ccru ed interest. A bid o f 10P1625 was also
received from the N ew F irst N ational Bank o f C olum bus
and one o f par from D eFord & C o., both bids in cluding ac­
crued interest.
P on d Creek, Ok la .— Bond Sale.—W e are advised that the
$25,000 water bonds voted at the election held F ebruary 11
have already been sold.
P o rtla n d , M e.— Temporary Loan.— On February 19 the
tem porary loan o f $100,000 was awarded to R ogers, N ew ­
man & Tolm an, Boston, at %%,% discount. This was the on ly
offer made. Loan matures N ov. 1, 1902.
ProTO, U tah — Bonds Re-awarded.—The $100,000 4% 20year refunding bonds aw arded on O ctober 11 to S. A . Kean,
o f Chicago, were re-aw arded on F ebruary 11 to E. H. R ollin s
& Sons, San Francisco.
R iv e r s id e H ig h S ch o o l D istr ic t, R iv e r s id e C oun ty, Cal.
—Bond Offering.— Proposals w ill be received until 10 a . m .,
M arch 4, oy D. G. M itchell, County Treasurer, for $7,000 4#
bonds. Securities are in denom ination o f $500. Interest
w ill he payable semi annually. P rincipal w ill mature $2,000
on Feb. 5, 1908; $2,500 on Feb. 5, 1909, and $2,500 on F eb. 5,
1910.
R o ck w o o d , T e u n .—Bond Sale.— The $6,000 5% 20-year
water and light bonds m entioned in the C h r o n ic l e D ec. 14,
have been sold to D uke M. Farson, Chicago.
R om e, N. Y .— Bonds Proposed.—A. petition is being circu ­
lated requesting the M ayor and C om m on C ouncil to seek
legislative a u th ority to issue $50,000 bonds to pay the c it y ’s
proportion o f proposed paving im provem ents.
Bond Offering.— Proposals w ill be received until 3 p . m .,
F ebruary 26, by K. S, Putnam , C ham berlain, fo r $14,408 10
3)^% registered paving bonds, as fo llo w s :
No. 1—$3,612 08, due March 1, 1903.
|No. 3—$3,602 02, due March 1,1905.
No. 2— 3,602 03, due March 1,1904.
1 No. 4— 3,602 02, due March 1, 1906.
Securities are dated M arch 1, 1902, and the interest w ill be
payable annually at the Farm ers’ N ational Bank o f R om e.
Bonds are issued under authority o f Chapter 214, L aw s of
1899.
Saginaw , M ich .— Bond Offering.—Proposals w ill be re­
ceived until z p. M., February 27, by A rtn u r F. L ew is, C ity
Com ptroller, fo r the fo llo w in g bonds :
$50,000
refunding water bonds, in denomination of $1,000. Securities are
dated April 21,1902. and will draw interest from and alter May 1,
1902. Principal will mature May 1. I«z2.
10.000 3]4% refunding water bonds, m denomination of $1,000, Securities are
dated March l, 19 2. and win draw interest from and after March 10,
3902. Principal will mature March 10,1902.
8.000
l-i0-year (serial) sewer bonds, in denomination of $800 and dated
March 1, 1902.
Interest on all the above bonds w ill be payable semi annu­
ally at the office o f the City Treasurer. A certified ch eck on
some Saginaw bank or N e w Y o rk draft, payable to the C ity
Treasurer, fo r 2% o f the par value o f ih e bonds b id for m ust
accom pany proposals fo r each o f the above issues.
St. M ary’s C ounty, M d.— Bond Sale.— On F ebruary 18 the
$22,900 4% court-house bonds, described in the C h r o n i c l e
Feb. 1, page 284, w ere awarded to E dw ard T. A dam s, re­
presenting the firm o f A dam s B ros., St. G eorge’s Island, at
104-50.
Salem , O h io.— Bond Offering.— P roposals w ill be receiv ed
until 12 m ,, M arch 3, b y George H olm es, C ity Clerk, fo r the
follow in g bonds :
$8,000 b% 1-10-year (serial) Franklin Avenue bonds, in denomination of $800.
7.000 5 %1-10-year (serial) East Dry Street improvement bonds, in denomina­
tion of $700.
14,000 6% 1-30-year (serial) East Sixth Street improvement bonds, in denomi­
nation Of $1,400.
3.000 o% 1-10-year (serial) Penn Street improvement bonds, In denomination
of $300
6.000 5% 1-10-year (serial) South Lundy Street improvement bonds, in denom­
ination of $500.
8.000 5* 1-10-year (serial) Columbia Street improvement bonds, in denomina­
tion of $800.
1.600 5%l-io-year (serial) Chestnut Street improvement bonds, in denomina­
tion of *150.
The last issue o f bonds m entioned above ie the same given
in the offering published on page 3 4 3 o f the C h r o n i c l e ,
Feb. 8 . A ll the issues are su b je ct to a redu ction if any
assessments are paid in advance. Securities are all dated
Feb. 1, 1902. Interest w ill be payable annually. A certified
check for $ 10 0 m ust accom pany proposals fo r each o f the
above issues.
Sandusky, O h io.— Bond Offering.— Proposals w ill be re­
P ie r p o n t, P otsd am & P a r is h y ille (T o w n s ) J o in t S ch ool ceived until 12 m ., M arch 12, b y A lex. M. W agn er, C ity
D istrict No. 4, N. ¥.—Bond Offering,—Proposals w ill be re
Clerk, for $14,000 4% 12-year general refu n din g and $8,000
ceived until M arch 1, by J. B. Squires, trustee, Hannawa 4% 9-year refu n din g w ater-w orks bonds. Securities are is­
Falls, N. Y ., for $5,300 1-20-year (serial) school-house bonds. sued under the authority o f Section 2701, R evised Statutes o f
Securities are dated M arch 1 , 1902, and the interest (rate to Ohio. They are in denom ination o f $1,000, dated M arch 1,
be named in bids) w ill be payable annually. A certified 1902. Interest w ill be payable sem i-annually at the office o f
check lo r $10 0 payable to the trustees muet accom pany bids. the City Treasurer. A certified ch eck fo r $1,000 is required
P ik e C oun ty (P . O. P e te r s b u r g ), l a d . — Bond Sale.— The with bids.
C ounty Commissioners on F ebruary 5 sold the $64,600
S a ra tog a S p rin g s (N . Y .) S ch ool D is tr ic t.— B onds Author­
W ashington T ow nship gravel road bonds offered but n otsold ized.— Chapter 14, .Laws o f 1902, signed by the G overn or on
on January 7, to J. F. W ild & C o., Indianapolis', at 101’70. Feb. 6 , authorized the issuance o f $30,000 school-house bonds.
S izty-fou r bonds are in denom ination o f $1,000 and one for
S c h u y lk ill H aven, P a .— Bonds Voted.— This place on F eb.
$600, all dated May 15, 1902. Interest w ill be payable semi 18 authorized the issuance o f $20 ,0 0 0 w ater bonds.
annually.
P rincipal w ill m ature $2,000 each six m onths
S h erb u rn , M a rtin C ounty, M in n .— Bond Offering.— P ro­
from N ov. 15, 1902, to May 15, 1917, and $2,600 on Nov. 15, posals w ill ne received until 7 P. M. M arch 3, b y the V illage
1917. C D H oachin is C ounty Treasurer and may be ad­ Council, for $4,500 4%% w ater-w orks bonds. Securities were
dressed in the matter.
authorized at an election held F eb. 4, 1902. T hey are in de­
P la n o , T ex .— Howls Voted.—This place on Feb. 12 voted nom ination o f $500, and w ill be dated as o f the date o f sale.
to issue $6 ,0 0 0 M bonds
Principal w ill mature in tw enty years. A certified ch eck
P oca h on ta s (I o w a ) Second S ch ool D is tr ic t.— Bonds Au- for $100 w ill be required w ith bids. H enry Rose is V illage
ttu/rized. —The issuance o f $7,500 \% 5-year (optional) school R ecorder.
$ 5 0 0 ,( 0 0 LU3HARY BONDS— AVER A G E THICK, 1 0 7 - 0 4 .

F D. Holman, agent....$B,000@10800 I Union Tr. Co., N.’.Y.. $497,000(i£107-01
H. W. Newbeclc............ 1,000®107-02 I
W e give below a list o f the bids fo r over $10,000. There
w ere ninety-one bids for $ 10 ,0 0 0 or less, a, num ber for only
$10. W e have n ot the space to give these latter in detail.
f 1500,000 due 1951.................. 100-77
600.000 duo 1051.................. 100-87
Dominick & Dominick. Lewlsohn Bros600.000 duo 1961.................. 106*97
and Central Realty B. &T. Co., New t 600.000 duo 1951.................. 107-07
York City........................................ I 500.000 d-ue 1951................. 1 07-17
600,060 duo 1942.................. 10fl'87
Kuhn, 1,0eb & Co. and Farson, Beach } 2.600.000 due 1061...................106'6s3
600.000 due 1942...................106'086
Co., Now Yoi k City—
........... (
Harvey Fisk & Sons and Vermilye &} 2 .6 0 0 .0 0 0 duo 1951............. ...100-200
Co., New York City....... ................... 1 600.000 duo 1942..................105'899
Dick Bros. & Co. and Lndenburg, Thai- 5 2.500.000 due 1951..................106-432
luanu A Co., New York City ............( 600.000 duo 1942..................106-932
1.500.000 duo 1951..................107-71
Union Trust Co. of New York City..... | 600.01 0 duo 1942...,........... Io7'01
Welles, Herrick & Hicks,New York} 2.600.0C0 due l95t..................105-09
City...........................................
< 500.000 due 1942..................10619
600.000 due 1951..................105-41
600.0 0 due 1951................ 105 26
600.000 due 1961..................lOo’dl
Edward Sweet &Co. and Hallgartcn &
690.000 due 1961..................104-81
Co., New York City..........................
£00,00d due 1951..................104-61
600.000 due 1942.................. 106-3.1
Rhoades & Richmond, New York} 1.250.000 due 1961.................105'07
City................................................ \or bonds due 1942................... 104"65
600.000 due 1961.................. 106’C0
Kountze Bros., New York[City.,
500.000 due 1942.................. 105'60
100.000
due 1942....;............ 107'63
f
100.000 due 1942...................106-81
Zimmerman &Forshay.New York City j 100.000 due 1942...................108-68
100.000 due 1942... ..............106-54
[ 100,009 due 1942...................106-40
Continental Trust Co, New York City... 500.000 due 1961...................104-86
30.000 due 1961...................108-24
f
60.000 due 1961...................107-72
90.C00 due 1951...................107-20
Bank of New York, N. B. A................ j
120.000 due 1951...................116-68
l 120.000 Cue 1961...................105-66
H. B. Hollins &Co............................... '. 2 5 0 ,0 0 0 due 1951...................107-50
Knickerbocker Trust Co., New York} 250,000due 1951.................. 106'343
City......... ...................................<or 250,000 due 1142................... 106-616
"M
oot VrtrTr Q0 .H7.rya "RonV
200,000
.
104*87
New
yorkSavings Bank. ....................]}or 200,0i
0 due
due 1951........
1942..................
104-46
........107-44
150,000
due
1951........
Wadsworth & Wright, New York City. |or 151,000 due 1942.................. 106-79
Lawrence Barnum & Co., New York} 100,000 due 1951................ 100 03
City.
200 due 1951...........
112-ou
10.000 due 1951...................108-43
10.000 due 1961.................. 308-44
10.00 •due 1961.................. 108-29
10.) 00 due 1951................. 108’U
10.000 due 1961...................108 -01
Greater New York Security Co.......... (
111.000 due 1951...................10)-92
10.000 due 1951........ ........ 107 69
10.000 due 1961...................107-29
10.0 0 due 1951................. 107-07
10.000 due 1951.................. 107-04
50.000 due 1951...................107-00
Eugene Littauer..
50.000 due 1942...................100-25
50.000
due 1951.................. 105->6
Timothy F. Allen Jr..........................|
60,000idue 1942...... ........104'63
Thompson,_Tenney
& Crawford,
N. Y... 100,000 due 1951.................. 104-32
_ . . . ____
_
, _____
M. A. Sieln, New York City...................
100,000 any date.................. 10T10
Sternberger. Sinn & Co., New York City..
50.000 due 1961 ................. 107-20
W. R. Todd &Co., New York City.........
50.000 due 1942...................104-00
10.000 due 1942...................103-35
10.000 due 1942...................103-05
J a m e s S y m i n g t o n ........................................ }
10.000 due 1942...................102-75
10.000 due 1942...................102-“5
I
10.000 due 1042 .. ............. 102Y6
1
Forty-six bids for $10,000 each............. 460.000.........prices 103-30 to 107-50
F o r t y - l i v e bids less t h a n $10,000 e a ch . .
e0,610.........prices par to 112*60
F or f u l l description o f bonds see C h r o n i c l e F eb. 1, p . 283.
N ich ola sv ille, K y . —Bond Offering.— Proposals w ill be
received n otil 12 m., M arch 1, b y N . L . B ronaugh, Secretary,
fo r $ 12 ,0 0 0 electric-ligh t bonds.
N o rristo w n , P a . —Bonds Voted ,— This borough on F eb. 18
voted in fav or of issuing $150,000 bonds.
N orth A dam s, M ass. —Loan Authorized ,— The C ity Treas­
urer has been authorized to b orrow $65,000 in anticipation of
the collection o f taxes.
Otsego (T o w n ), O tsego C ounty, N. Y.—Bond Sale.— On
F ebruary 15 the $15,000
30-year refunding bonds, dated
M arch 1 , 1902, were aw arded to Isaac W . Sherrill, P o u g h ­
keepsie, at 102-39, For description o f bonds see C h r o n i c l e
Feb, 1, p, 284.
P a lo A lto , P a. —Bonds Voted .— This place, at the election
held Feb. 18, decided to issue $15,000 electric-light-plant
bonds.
P h ila d e lp h ia , P a .— Bonds Voted.—The election held F e b ­
ruary 18 resulted in fa v or o f issuing $5,000,000 bonds fo r the
follow in g purposes :
New school sites and bu ild’s . $1,200,000 Dredging rivers ................ $400,oro
New sewers........................ 1,000,000 IGrading streets................... 800,000
Mains for distribution of 61|PavlDg street intersections.. 200,000
tered water...................... 1,300,000 Macadamizing country roads. 300,o00
Finishing fire-pipe line........ 300,000 I
-----------Total......... ....................................................... .....................$5,000,000

THE

144

CHRONICLE!§

Sower vtile,
— B on d * A u th o r iz e d . — The Aldermen
have authorizdd the issuance of $8,000 echool house bouds.
South Omaha, Neb.— B o n d Sale. — On February 12 $110 880
<Ji 10 year renewal bonds, dated Jan. 1, 1902, were awarded
to Spltzer &■ Co., Toledo, at 101. This was the only bid
made for the bonds. Securities are in denomination of $500.
Interest will be payable semi-annually in New York City.
Sumner School lilairlct, Kern County, Cal.— B on d Sale.
— O lx February 8 |15,000 5% tt 12 year (serial) gold bonds were
awarded to the Bank of Bakersfield at 105. Following are
the bids:
o f B a k e r s f i e l d ..................f 15.760 00 I saac N. S p r in g e r , P a s a d e n a ..$15,407 80
Oak laud Bank of 8av logo
16,626 00 Lam precht Bros. Co., C la v e .. 1 6 ,1 1 0 60
U. H. UoiiiUM A Solid, San
Franc U co
......................... 15,475 00 |
Bank

Tarentum, Fa. B o n d Sale.— O n February 18 the $11,000
5# coupon grading, curbing and paving bonds were awarded
to the National Bank of Tarentum at 105*664. Following are
the bide:
N a t io n a l B a n k o f T a r e n t u m . $11,08'* 00
W . K T o a d a C o .. C l n o l i i ___ » 1 .66OO 0

W. J. H a y es A Sons, C le v e ... l l , 6 1 i CO

L a m p r e c h t B r o s . C o ..C l e v e . .$1 1 ,6 1 3 70
D e n is o n , P r i o r A C o . , C l e v e , . 11,462 10

Securities mature iu 1928, subject to call after 1908. Inter­
cat will be payable March 1 and September 1 at the National
Bank of Tarentum. Ddnomiaation, $500.
Terre liaute, lu d . — B o n d O fferin g.— W . K . Hamilton,
City Comptroller, will receive proposals until 4 p . m , Feb.
26, f >r $89,000 4£ 10 21-year (optional) Ohio street judgment
bond.-. Securities are in denomination of $l,0i>0, dated M a'ch
1, 1902. Interest will be payable semi-annually at the Han­
over National Bank, New York City. These bonds, we un­
derstand, are issued in place of those offered for sale on
Dec. 28.
Thornton School District No. 154, Cook Co., 111.— B on d
S a le .— On February 5 $10,5.0
bonds were awarded to Mac­
Donald, McCoy & Co., Chicago, at 106—a basis of about
3 834£. Following are the bids:
M acD onal d %M c C o y & C o „ C h l . $ l 1.180 00 I M o r c h ’ t s ’ L ’n & T r . C o .. C h ic .$ 1 0 ,8 4 3 86
T.

B.

P o t t e r A C o ., C h i c a g o . 10,937 00 | D e v i t t , T r e m b l e

A

C o ., C h i c . . 10.750 00

Farson, L e a c h A C o ., C h i c . . . . 10.871 60 1 F i r s t N at. B ’ k , B a r n e s v i l l e . . . 10,005 00
Mason, L e w i s & C o .. C h i c . . . . 10 .8 0 5 00 1

Securities are in denomination of $500. Interest will be
payable annually and the principal will mature $1,000 yearly
on April 1 from 1903 to 1911, inclusive, and $1,500 on April
1, 1912.
N E W
^

9

N E W

L O A N S
8

, 0

0

[V

$ 1 0 ,0 0 0 4 %

| Ym. due.

1 0 0 8 .. .. Haugen t ie s 8 a v . B a n k . ..@ 1 0 0 -7 8 | 1 0 0 0 .... U o n d o u t 8 a v . B a n k , ..,@ 1 0 2 * 9 0
1004 — R o n d o u t S a v . B a n k . .. @ 1 0 1 6 0 I 1 0 0 7 ___ K o n d o u t S a v . B a n k .........@108*06
1006 — N e w P a lt z S a v . B a n k .. .@ 10 2*25 I
# 7 ,0 0 0 4 %
1008 — U l s t e r C o S a v . In s t
1004----- K i n g s t o n S a v . B a n k

For full description of bonds see C hronicle Feb, 8, p. 843.
Union School District No. 1, Town of Union, N. Y.— B on d
Sale .—On February 15 $15,000 4% bonds were awarded to
Dennison, Prior & Co., Cleveland, at 104*483. Following are
the bids :
Denison, Prior A Co.. Cleve. .$15,072 60
1. YV. Sherrill. Poughkeepsie. 15,660 00
M. A. Stem. New Vorfc ....... 16,048 60
Lamprecht Bros.Co.,CJeve.. 16.040 60
VV. J. Hayes A Sous, Cleve.... 16,022 6 0

Cohoes Savings Institution......103*11
Lamprecht Bros. Co., Cleve..... 102*20
Geo. M. Hahn, New York..........102*69
Harriman & Co., New York..... 102*08
M. A Stein. New York — ........102*64 O’Connor A Kabler. New York. 102*022
Mechanics’ Sav. Bank. Cohoes. .102*50 N. W. Harris A Co., New York..101*96
Denison, Prior A Co., Cleve...... 102*821 Edmund Seymour A Co., N. Y . .101*28

For description of bonds see C hronicle Feb. 15, p. 395.

L O A N S .

_________ N E W
§

M a t u r in g 193*2.
Sealed bids will be received by the Mayor of said
U. S. Census figures just published show Bayonne
City of Columbus, at his office, until 5 o’clock P.M., to be now the fourth manufacturing city in the
M ARCH 11TH, 1902, for the purchase ol Ninety- State; manufacturing capital, $26,583,058; product,
eight Thousand Dollars City of Columbus, Missis $39,352,248; population, 85,000. Tax exemp and
sippi 20-\Tear Bonds, in denominations of $1,000 legal for Trust Funds in New Jersey.
each, authorized by an Act of the Legislature
approved February 6th, 1902.
E. D. SHEPARD & CO.,
Bids to be made for 4£, 4^6% and 5%bonds. Interest
3 1 N assau S tre e t.
to be paid semi annually at the office of the Secre
tarv and Treasurer of said City of Columbus. All
bids to be accompanied by a certified check fur
$1,000. The city reserves the right to reject any
BOND CALL.
and all bids.
The total indebtedness of the City of Columbus,
other than this, is $7o,000. Assessed valuation,
$2,500,oOO. Actual valuation, $4,u00,00o. Tax rate, C i t y o f M i n n e a p o l i s , M i n n .
$8*50 per thousand. Total indebt edness of Lowndes
TO WHOM IT M AY CONCERN":
County, in which Columbus is situated, it* $l5,0t0
The above issue of bonds is to refund a like
Notice is hereby given that pursuant to resolution
number of bonds issued to the f'olumbus Fayette A duly adopted by the City Council of the City of Min­
Decatur Railroad Pom nany or Bearer, February 1st, neapolis, on the 13th day of December, A. D. 1901,
1882, payaole in 20 years, and whose validity has the said City of Minneapolis will, on the firs t day
been settled by the United States (ourts.
ol A p r il, A . D . 1 9 0 2 , exercise its right and op­
C. L. LINCOLN, Mayor.
tion to pay, and will pay, all those certain outstand­
ing bonds of the City of Minneapolis, issued and
sold pursuant to a resolution adopted by the City
Council on February 15,1882, approved February 2u,
A U S T I N ,
T E X A S .
1882, to the amount of $366,000, numbered consecu­
tively from 6 0 4 to 9KJL both Nos. inclusive, bear­
ing date A p r il 1 ,1 8 8 2 . in denominations of $1,000
each, bearing interest at 4% per cent per annum, and
H O L D E R S OF
payable at the option of the City of Minneapolis at
any time a lte r
y ea rs and not lo n g er th a n
3 0 y ea rs fro m th e d ate ol t h e ir isnue, which
A U S T IN , T E X A S , B O N D S
said bonds are hereby called in, and the holders
W IL L
P L E A S E F O R W A R D D I R E C T thereof are hereby notified and required to present
the said bonds tor payment to the United States
Mortgage A Trust Co., 50 Cedar Street, in the City of
T O T H E A U S T IN N A T IO N A L B A N K , New
York, N. Y., on the said 1st day of April, A. D.
1902, at which time said bonds and each thereof will
W HERE
NEW
R E F U N D IN G
B O N D S cease
to bear interest.
JOSHUA ROGERS.
NOW ARE.
City Comptroller.
FO R

THE

R E F U N D IN G .

So C O .

BANKERS,
C H IC A G O ,
t t t u a d n o c k B u i ld in g ,

BOSTON,
0 0 D e v o n s h ir e S t.

M U NICIPAL
RAILROAD
B O N D S *
CORPORATION
C h oice

Street

5

, 0

0

0

$

8

5

, 0

0

0

Issue of Redemption Bonds.

LEBANON, PA.
Office of City Clerk, February 17,1902.
Sealed proposals will be received until 12 o clock
M. of FEBRUARY 27th, 1002, for the purchase of
$125,000 Redemption and Refunding bonds of the
City of Lebanon, Pennsylvania, in denomination
of $1,000 each, and for the purchase of $85,000
Redemption Bonds of the City of Lebanon, Penn­
sylvania, in denominations of $1 ,0 0 0 each.
Proposals must be accompanied by a certified
check for five per centum of the amount bid upon,
and marked “Proposals for Bonds,” and must be
addressed to Finance Committee of Councils of
i ebanon. Pa. The right Is reserved to reject any
and all bids without recourse. Circulars of par­
ticulars and blanks for bidding can be obtained
from Finance Committee of Councils, or
1. L BECK LE Y , City Clerk,
Lebanon. Pa.
TO

H O L D fc R -* OK B E X A R C O U N T Y ,
T E X A S , 1 8 9 1 CO U K V - H O U S E S IT E
B O N D *:

San Antonio, Texas, February 12, 1902.
I t is ordered by the Court that all outstanding
Bexar County. Texas, Court house Site Bonds,
dated May 11,1891, and bearing 6% interest amount­
ing to $21,000, be and the same are hereby called in;
and the holders of said bonds are hereby notified
to present the same at the office of the Treasurer of
Bexar County, Texas, for payment oq or before
February 20,1902 and that all interest on said bonds
shall cease from said date.
R. H . WtfSTER, Treasurer,
Bexar County, Texas.

Railway and Gas Companies.

M U N I C I P A L
AND

B A N K E R S ,
C o n g re ss

S tre e t, B o sto n .

P u b lic

STATE, CITY & R AILRO AD BONDS.
IN V E S T M E N T

S e r v ic e

C o r p o r a tio n

B O N D S .

1 5 W a ll S tr e e t, N ew Y o r k .

BONDS.

SEND FOR LIST.

E.

H.

R O L L IN S

&

S O N S

BOSTON.

D e n v e r.
T E X A S

Issues.

L .I8 T ON A P P L I C A T I O N .

2

Issue of Redemption and Refunding:
Bonds.

Blodget, M erritt & Co.,
16

L E W I S

1

L O A N S .

ABOVE

H . P. H IL L IA R D ,
C ity T r e a s u r e r .

M A S O N ,

Geo. M. Hahn, New York... $15,010 60
Lawrence Barnum A Co.,N. Y. 1 6 ,6 6 ^ 60
E. Seymour A Co., New York. 15,400 60
Harrfman & Co., New York.. 16,453 00
Binghamton Savings Bank... 16,461 60

Securities are in denomination of $750, dated March 1,1902.
Interest will be payable annually at the Binghamton Trust
Co., Binghamton. Principal will mature one bond yearly on
Nov. 1 from 1902 to 1921. inclusive.
Wakefield ISchool District, Gogebic County, Mich.—
B o n d Sale .— This district has sold $5,000 6% 1 5 year (serial)
school bonds to the First National Bank of Bessemer. Se­
curities are in denomination of $1,000, and the interest will
be payable semi annually.
W aterford, N. V.— B on d Sale .— On February 15 the $22,000
4# 1-10-year (serial) sewer bonds dated Feb. 15, 1902, were
awarded to the Cohoes Savings Institution at 108*11. Fol­
lowing are the bids :

Refunding Water 4s,

COM PLETE

T U R N P I K E B O N D S.

. R o n d o u t S a v . B a n k — @ 100 *88 1 1010 . . . R o n d o u t S a v B a n k . . . . @ 100*83
. . R o n d o u t S a v . B a n k .. @ 101*77 1 0 1 1 ... .S a u g e r t ie s S a v . B a n k . .@ 107*00
S a u g e r t le s S a v . B a n k . . .@ 102*00 1 1 0 1 2 ... K o n d n u t S a v . B a n k ___ @ 107*09
. R o n d o u t S a v . B a n k .. @ 103*40 I 1018
R o n d o u t S a v . B a n k . .. .@ 108*26
R o n d o u t S a v . B a n k .. @ 104 *17 | 1 0 1 4 . . . . S a n g e r t lc s S a v . B a n k . . @ 108*76
S a u g e i iie s S a v . B a n k . . . @ 104*00 I 1016
R o n d o u t S a v . B a n k .. @ 109*30
S a u g e r i i e s S a v . B a n k . . . @ 105*06 11 0 1 0 .. R o n d o u t S a v . B a n k . . . @ 109*76

2 0 -Y E A R BONDS.

BANK

T U U N P IK E BONUS.

. .@ 10 0*78 I 1 0 0 6 ... N e w P a lt z S a v . B a n k . ..@ 1 0 2 *4 0
. @ 1 0 1 68 | 1000
K in g s t o n S a v . B a n k . . . .@ 108*12

$ 1 4 ,0 0 0 4 %
1003 ..
1 0 0 4 ..
1 0 u 6 ...
1000 .
1007
1008. . .
1009—

OITY OF BAYONNE, N. J,,

AT

B C fO N U I N O B O N D S .

Y ts. d u e .

CITY OF COLUMBUS, MISS.

ARRANGEM ENTS

L x x iy .

.

Ulster County (P . 0 . Kingston), N. Y.— Bond Sale.—The
UlHterConnty bonds offered for Bale on February 18 were
awarded as follow s:

NEW LOAN.

0

ol

Sun IV t u ic lic o .
B O N D S .

Approved by the Attorney Geurrul.
D E N IS O N ,

CLEVELAND.

P R IO R

A

C O .

BOSTON.

T ills le*»uo o f boutls* ottV ital n i put n u d In t.
IIA K K Y
H. P O W K I . I .
A
W o o d sto ck , I rn iioui.

C O .,

THE

F e r ru ar y 22, 1002.)

W ild w o o d , € a p e May C ountv, N. J. — Bond Sale.— On F eb­
ruary 19 the $10,000 W it “ First G old R efunding C oupon
B onds” m aturing M arch 1, 1912, were awarded to the S av­
ings Bank o f Cum berland C ounty, V ineland, at par. S ecur­
ities are dated M arch 1, 1902.
W H llm a n tic, C onn.—L oa n Authorized.— The M ayor has
been authorized to borrow $ 2,000 at a rate not exceeding W.
W llm o n t, N ob les C ounty, M in n . — Bond Offering.— F u r­
ther details are at hand relative to the sale o f $5,000 4# 10year water and sew er bonds. Proposals fo r these securitieswill be received until 1 p. M., F ebruary 26, by C. W . Mead,
V illage R ecorder. Securities are dated A p ril 1,1902. In ­
terest w ill be payable annually at the F irst N ational Bank of
W ilm ont. The tu ccessfu l bidder w ill be required to furnish
blank bonds.
W ood h n ll, 111.— Bond Offering .— Proposals w ill be re­
ceived until M arch 1, by W . A . Davis, V illage C lerk, fo r
$4,000 5# w ater-w orks bonds and $12,000 5# w ater-fund c e r ­
tificates
Securities are in denom ination o f $ 1 ,0 0 0 , dated
M arch 15, 1902 Interest w ill be payable sem i-annnally in
W oodh nll. The bonds w ill m ature $1,000 yearly on M arch
15 from 1907 to 1910, inclusive. The certificates w ill m ature
$1,000 yearly on M arch 15 from 1919 to 1930, in clusive. A ll
certificates are su b ject to call a fter 1919.
W o lfv ille , N. S. —Bonds Voted.—This place has voted to
issue $35,000 sew er bonds. These bonds, w e are advised,
cannot be issued until authorized by the P rov in cia l L egis­
lature, w h ich body w ill not con vene u ntil som e tim e this
m onth.
W ooster S ch o o l D is tr ic t, W ayn e C ounty, O h io .— Bend
Offering.—Proposals w ill be received u ntil 12 M., M arch 15,
by the Board o f E du cation —P hilip M arkley, C lerk— for $30,000 4# 1-12 year (serial) sch ool-h ou se bonds. Securities are
issued under the authority o f Sections 3991, 3992 and 3993,
R evised Statutes o f Ohio
T hey are in denom ination o f $500.
Iuterest w ill be payable sem i-annually at the office o f th&
District Treasurer. A certified ch eck fo r 5# o f bid draw n
on som e bank in W o o ste r and m ade payable to the Clerk o f
the Board o f E ducation m ust accom pany proposals.
Y oun gstow n , O h io. —Bond Election .— A t the election A pril
7 the question o f issuing $150,000 building bonds w ill be
subm itted to a vote o f the people.

W aukesha C ounty (I\ 0 . W aukesha), W ts.— Bond OHwr­
ing .— The Building Com m ittee w ill sell at p u b lic auction at
10 A. M. March 1, at the office o f D. N. Hughes, County Clerk,
an issue o f $100,000 3 65# insane-asylum bonds. Securities arc
in denom ination o f $500, dated March 1, 1902, Interest w ill
be payable annually at the office o f the County Treasurer.
Principal w ill m ature $5,000 yearly on M arch 1 from 1905 to
1912, inclusive, and $6,000 yearly on March 1 from 1913 to
1922, inclusive. The successful bidder w ill be required at
once to deposit w ith the C ounty Treasurer 5# o f the face
value o f the bonds awarded.
W ayne (T o w n ), Steuben C ounty, N. Y .—Bond S a le— This
tow n has sold at private sale an issue o f $28,000
re fu n d ­
ing bonds to E dw . C. Jones & Co. o f N ew Y ork C ity. Bonds
w ill m ature $ 1,0 0 0 yearly for tw elve years, $ 2,000 yearly for
the next tw o years and $3,000 yearly for the n ext fou r years.
Wayne&lmrg, O hio.— Bond Offering.— Proposals w ill be r e ­
ceived until 1 p. m March 1, l y R ob ert C. Jones, V illage Clerk,
for$3,800 bonds. Securities are in]denomination o f $500 except
one bond w hich w ill be for $300, all dated M arch 1, 1902. In ­
terest (rate to be named in bid) m ust n ot exceed 6 # and w ill
be payable annually. Principal w ill m ature one bond yearly
on M arch 1, $300 in 1904 and[$500 from 1905 to 1911, inclusive.
These bonds are issued under the authority o f Section 2885,
Revised Statutes of Ohio, and were authorized at an election
at [w hich the vote was 124 fo r to 2 against. The official
advertisem ent states that a deposit o f from $1C0 to $500 must
be made by all bidders w ith the City Treasurer, but w e are
advised that a certified cheek for $300 w ill be accepted.
W estm in ster, M d.— Bonds Proposed.— A bill is before the
State Legislature authorizing the issuance o f $25,000 bonds
in aid o f the W ashington & G ettysburg R ailw ay.
W est New Y ork , N. J . —Bond, Sale.—On F ebruary 17 the
$15,000 1% street opem ng bonds m aturing A pril 1, 1912,
w ere awarded to John D. Everitt & C o ,,N e w Y o rk , at 102 31.
F ollow in g are the bids:
Jno. D. Everitt & Co..N. Y ..... 102'31 I M. A. Stein, New York............ 1OP00
W. J. Hayes &Sons, Cleveland. 10134 IHudson Trust Co., Hoboken .. 100 00
F or description o f bonds see C h r o n i c l e Feb. 8 , p. 344.
W est Tam pa, F la .— Rond Sate.—This city has sold $15,000
electric-ligh t plant bonds, w hich were authorized at an elec­
tion held Jan. 8 , 1902.

IN V E S T M E N T S .

445

C H R O N IC L E

IN V E S T M E N T S .

IN V E S T M E N T S .

N. W. HARRIS & CO., Geo. D. Cook Company,
BANKERS,
31 N A S S A U S T ., N E W Y O R K .
CH ICAGO.

BOSTON

D eal exclusively In M u n ic ip a l,
R a ilro a d and o th er bonds adapted
for tru st funds and savings.
IBB UX T E A VR L E E 8' L E T T E R S O f GREDI1
A V A I L A B L E I N A L L P A R T S OF T H E WORLD
Quo tatio ns f ur ni sh e d
W E

for purchase, sale

O F F E R , TO

Y IE L D

o r e xc ha ng e

ABOUT

5*.

8 3 0 0 ,0 0 0

C ounselm an Building, 238 La Salle St..
CHICAGO.
Broad Exchange Building, 25 Broad S t ,
NEW YORK.
M ex ica n G overn m en t and S tate B onds.

M U N ICIPA L and
C O R P O R A T IO N

DU KE M .FA R S O N & C O

B u tte, M on t.,
cen

5%

1 st M o r tg a g e S in k in g Fund
G old B onds.

D e n o m i n a t i o n , $1,000.

1

A

N A S S A U S T .. N E W

YORK

C IT Y .

MacDonald, McCoy & Co.,
MUNICIPAL

AND

CORPORATIOM

Mu n i c i p a l
17 1

LA

B

SA LLE

1 N A S S A U ST R E E T
-

1 1 2 SO. F O U R T H S T R E E T

M UN ICIPAL and
C O R P O R A T IO N

BUNDS,

172 W a sh in g ton S treet,

F. R . F U L T O N & C O .,

C H IC A G O ,
LIST

H A « K IC R S ,

121 Devonshire Street.
8 O 8 TO N .

ON

-

-

IL L S

A P P L IC A T IO N .

15 Wall Street,

*

IN VE STM E N T

New York.

B R O K E R !*,

E l G U E S T G R AD E R A I L R O A D

_____ ____

F.

W IL D

&

C O ., B a n k e r s * ,

In d ia n a p o lis , Ind.

MUNICIPAL, RAILROAD AND CORPORATION
BONDS.
FARSON,

LE A C H

CH ICAGO.

& C O .,
NEW YO R K .

J. Arnold Scudder& OomnaDj
B O N D S .
47 B o rd e n b lo c k , C hicago.

B O IV D S._________ _

C. D. K N APP, JR., & CO.,
BANKERS and

Dealers In Investm ent Securities,

W e o w n an<l o f f e r

31 N a s s a u S t r e e t ,
NKW Y O R K C IT Y .

$ 15 0 ,0 0 0
S O C O R R O C O U N T Y , N. M.,

S eason good
8. W , C o r n e r T h ir d

C H IC A G O .
M U N ICIPA L BOND 8 .
E. C. STA N W O O D & Co,

J.

V IC K E R S & PHELPS,

o nds,

STREET,

Write for Prospectus.

T . B. P O T T E R ,

BO NDS.
171 L a Salle Street, Chicago.

TOTAL ISSUE, $150,000.
Maturing semi-annually in 10 years.
Net earnings, $35,500, on Electric Light Plants.
New Heating Plant recently put in operation.
City of Marion, Indiana, population, 22,000.

February Investments.

EDW. C . JO N ES & C O .f
P H IL A D E L P H IA ,

CO.

SEND FOR LIST

S P E C IA L T Y .

NEW Y O R K ,

& H E A T IN G

5% F i r s t M o r t g a g e B o n d s .

BONDS

Ma tu rin g 1 t o 30 years.

Rudolph Kleybolte & Co.

L IG H T

115 D ea rb orn S t , CHICAGO.
8end for our Investment Circulars.

Butte Electric & Power Co.
per

BONDS

M ARIO N

N ettin g fr o m 3 % to 0# alw ays on hand

(T o ta l is s u e , $ 1 ,0 0 0 ,0 0 0 )

3

8 1 5 0 ,0 0 0

INVESTMENT SECURITIES,

F u n d i n g 5 * , d u e 120-30 y e a r s .
D e s c r ip tiv e C ir c u la r Upon A p p lic a tio n .

T R O W B R ID G E
F irst

N a tion a l

Bank

&

N IV E R
B uildin g,

CO.,
C h ica go.

1 5 3 L a H a lle S tr e e t,
C H IC A G O .

&

M

ayer,

a n d W a ln u t S treet*.
C IN C IN N A T I, O H IO .

M U N ICIPA L BONDS.

High-Grade City, County, Town and School Honda
(sued in leading prosperous Staton of the Union,
oBpeoially adapted for safe and permanent i n v es t ­
men t for Estates and Trust Funds.

ffitiaucial.

fh iu k tf.

TiaANa»JMI»!iIO!!i R O P E .

F IR S T
O F

CAPITAL.

CORDAGE
8
M
A
■
* A. N
S N 1
- D
A
L
A
JL

iV It P L US

S P E C IA L T IE S .

i t s W A h C S T M IS1ST, n m w

GRAND

y o h k

X t L S t t r a n jc e .

N A T I O N A L
B A N K
M IL W A U K E E .

AND

P R O F IT S ,

*1 ,00 0 ,(10 0
* * 0 0 ,0 0 0

-

transacts a Genera Banking and Foreign Exchange
iia<Licn». C ollection* receive Special A ttention.
O FFICERS:
t . Q, BidKLOW, Pres't.
F. J. Kipp, Cashier.
<va. aiGMLow, v Brest, T. K. O is r . Aaa’t Cashier
H. G. G oll , A ss’t Cashier.

o
ts
u
THE AMER IC AN
M A N U F A C T U R IN G
COMPANY.

TH E

.

P R 1X.

The First N ational Bank
O F SAM FRAN CISCO , C A L.
UNITED STATES DEPOSITARY.
U aplcul, # 1 ,3 0 0 ,0 0 0 | Hurplua, 8 1 ,0 0 0 ,0 0 0
1 G. MtruPHT, President. JAM. K. L y n c h , Cashier.
I AMkb M o w n * , V.-Pres. J. K. Mo y fitt , ASBt.Cash.
General Banking Business. A ccounts Solicited.
Commercial and Travelers’ Credits Issued, avalla»le in all parts of th e world.

B an k in g

Btsntneee

Co llectio ns G iv e n S p e c ia l a t t e n t io n .

% % % is z llm x c x m s .

T hey are th e only A m erican papers which have
ever received th is—th e highest honor th a t oan be
conferred. It means th ey are th e m ost perfect
made. Insist on having th em for your fine eorres
pondence and your office stationery. Are you using
W hiting’s Ledger Papers In you Blank-Book
Samples and booklet free.

J. G» W H IT E & CO.,
E n g in e e r s , C o n tra c to rs,

WHITING PAPER COMPANY,

2 9

B R O A D W A Y ,

N .

Y .

I n v e s tig a tio n s a n d R e p o r t s o n

H O L Y O K E . M A S S .,

E le c tr ic

R a ilw a y ,

L ig h t, a n d

G a s , E le c tr ic

R o w e r T r a n s m is s io n

P r o p e r tie s

fo r

tu tio n s a n d

F in a n c ia l

I n s ti­

In v estors.

Electric Railways, Electric Light and
Electric Power Plants Financed
Designed and Built.
LONDON

CORRESPO N DEN TS!

J . G . W H I T E <& C O ., L im it e d .

GENUINE
WELDED CHROME STEEL AND IROfc
Round and F lat Bars and 6-ply P la tes and Angle.
FOR SAFES, VAULTS. &o.
Cannot be Sawed, Out, or drilled, and p ositively
Burglar Proof.
CHROM E STEEL W O R K S ,
K ent A ve. Keap and Hooper Sts.,
Sole M an’f ’e r sin the U. S. B R O O K L Y N . B .Y

35S a

C o lle g e

H ill, C annon

H A S K IN S

&

S tre e t.

SELLS,

C e r t i f i e d P u b lic A c c o u n t a n ts ,
3®

B R O A D

S T .,

1104 D e a r b o r n S t.,
C H IC A G O , I L L .

C L I N T O N

N E W

Y O R K .

3 0 C o le m a n St.»
L O N D O N , E , C,

G IL B E R T ,

W M . FR A N K L IN H A L L ,
Accountant,

SS W a l l Street, M ew Y o r k .
BANK AND TRUST
IN V E S T M E N T

CO. STOCKS

tXS3 Sta’ A u e i r

BOSTON, MASS.

B ook s audited. E xa m in a tion s and in v estig a ­
tion s co n d u cte d w ith th e u tm ost
ca re and efficiency.

S E C U R IT IE S .

JA M ES PA R K ^
C h r o n ic le N u m b e r s

W a n te d .

Issu es o f Oan. 17, 1891; Jan. 14, SI, Feb. 4, 11, May
1 8 ,30, 1893; May 11, June 29, 1895; Jan. 4, Feb. 32,
Sept. 26, N ov. 21,1 8 9 6; Jan. 8, 1898; Jan. 14, 21, 28,
Feb. 18,1899, and Jan. 12, Feb. 2 ,1901.
Qu o t a t io n S u p p l e m e n t Jan., March & Nov., 190L
In v e s t o r s ’ Su p p l e m e n t Jan., 1808,1899, i9 6 0 and
190L
W ill pay 10 eents a copy for th e Ch r o n ic l e s and
15 een ts for th e S u p p l e m e n t s .
W ILLIAM B. D A N A COMPANY,
7 6 H P in e Street,

CO.

N ew Y ork , Jan nary 21st, 1902.
T he Trustees, in co n fo rm ity w ith the C harter
o f th e C om pany, su b m it the fo llo w in g sta te­
m ent o f its affairs on th e 31st o f D ecem b er,
1901:
l ro m iu m so n M a rin e R isk s fro m
1st Jan uary, 1901, t,o 3 1 s tD e ­
cem ber, 190 1 .............
$3,604,917 63
Prem ium s on
P olicies n o t
m arked o ff 1st Jan u ary, 1901.
699,323 61

In terest re ceiv ed
during th e year.
Rent
receiv ed
d u rin g the year,
less T a x e s . . . . . .

$275,102 19
5 4 ,8 8 9 8 5

$329,992 04

PAPERS.

SECURE BANK VAULTS,

INSURANCE

Prem ium s m arked o ff from 1st
.1 an uary, 1901, to 31st D ecem ­
ber, 1901 ....................................... $3,512,389 71

WAS AWABDBD AT THE PARIS EXPOSITION TO

Y ork.

MUTUAL

BAN K ER #,

ESTA BLISH ED IN 1850.

150 D u a n e S t r e e t , N e w

ATLANTIC

T otal M arine P rem iu m s.............. $4 304,241 24

Prictieact a O e n e ra l

W H ITIN G’S STANDARD

O F F IC E O F T H E

Ladd & T ilton,
PO R TLAN D , OREGON.

A nd

[V ol . LXXIV,

L'HE CHRONICLE

446

P ublic A c c o u n t a n t
5 2

B roadw ay,

an d

-

A u d it o r ,

N ew

Y ork .

D. A. K E IS T E R & GO.,
P ublic A c c o u n t a n t s
6

®

WALL

an d

STREET,

P a tte rso n ,

T e e le

A u d it o r s ,

NEW

&

YORK.

D e n n is .

C E R T IF IE D P U B L IC ACCO U N TAN TS,
3 0 B ro a d S tre e t.
N ew Y o rk .

Losses paid duri ng
the y e a r w h ich
w ere estim ated
in 1 900 a n d p reviou s y e a rs—
$39 8 ,1 8 4 81
occu rred
and
w ere estim ated
and p a id in 1901 1,458,859 48
$ 1 ,8 5 7 ,0 4 4 29
Less salvages
112,031 98
R e-insurances
85,617 65
$197,649 63
R eturns o f P rem i­
u m s * E xp en ses. $430,511 52
$1,659,394 6 6
T he C om p any has the fo llo w ­
in g A ssets, viz.:
U nited States and State o f N ew
Y ork Stock, C ity, B ank and
oth er S tock s................
$ 5,403,824 00
L oans secu red b y S tocks an d
spool A d ep osits in B anks and
T ru st Co m o a n y .......................
1,291,236 62
Real E state, cor.
W a ll & W illiam
Streets, c o s t___ $1,017,000 00
Paid to w a rd erec. tion o f n e w bu ild ­
in g ......................... 1,547,000 00
Other R ea l E state
and claim s due
th e C om p an y
75 ,0 0 0 00
2 ,6 3 9 ,0 0 0 00
Prem ium N otes and B ills R e­
c e iv a b le . . . ....................... ......... 1,159,385 19
Cash in th e hands o f E u rop ean
ban kers to p a y losses u n d er
p o licie s p a y a b le in foreig n
co u n tries....... ........ ......................
253,193 27
Cash in B a n k .................................
225,710 12
A m o u n t ... ............. ............ ...$ 1 0 ,9 7 2 ,3 4 9 20
S ix per cen t in terest on th e ou tsta n d in g certifieatts o f profits w ill be p a id to th e h old ers
th ereof, or th eir le g a l rep resen tatives, o n a n d
a fter T uesday, the fou rth o f F eb ru a ry n ext.
The ou tstan d in g certificates o f th e issue o f
1896 w ill b e redeem ed and p a id to the h old ers
thereof, o r th eir leg a l rep resen ta tives, on and
a fter T uesday, the fou rth o f F ebru ary n ex t,
from w h ich date all in terestth ereon w ill cease.
T he certificates to b e p rod u ced at th e tim e o f
paym en t and can celed.
A dividen d o f F orty p er cent is d ecla red on
the n e t earn ed prem ium s o f th e C om pany fo r
the yea r en din g 31 stD ecem b er, 1 901, fo r w h ich
certificates w ill b e issued on an d a lter T ues­
day, th e sixth o f M ay n ex t,
B y o r d e r o f th e B oard.

J. H. CHAPMAN, Secretary.
TRUSTEES:

N O W

THE

IR E A J D Y -

FIN A N C IA L

REVIEW .

A N N U A L .

A

YEAR

BOOK O F FINANCIAL

INFORM ATION— 2 8 2

PAGES,

I n c l u d e s a c o p y o f t h e J a n u a r y is s u e o f t h e I n v e s t o r s ’ S u p p l e m e n t .
A ls o a fiv e -y e a r m o n t h ly r a n g e o f S t o c k a n d B o n d Q u o t a t io n s .

B O U N D L\ C L O T H
W

I L L I A M

B .

D A N A

-

»

-

C O M P A N Y ,

-

$<2 0 0

P U B L I S H E R S

P in e Street, C orner P e a r l Street, N e w Y o r k ,

G ustav A m sin ck ,
F ran cis H. L eg gett,
Francis M. B a con ,
B eam ier N. L o v e ll,
Vernon H, B row n ,
L ew is Cass L edyard.
W aldron .P, B row n ,
Charles H. Marshall.
W illiam B B oulton ,
G eorge H. M acy,
Joseph H , Chapm an, L e v i P, Morion,
W. H. H. M oore,
G eorge O. Clark,
F red eric A . P arsons,
J amos G. D e F orest,
H enry Parish,
W illiam E. D odge,
C ornelius Eldert,
G eorge w . Quintard,
A , A R aven,
E vrald F leitm an n,
Clem ent A. G rlsoom , Joh n L, Rtker,
D ou glas R obin son .
■usou W. H ard,
G ustav H, Schw ab.
John D. H ew lett,
W illiam O, Stuvges,
Charles 1), L ev er!oh .
A- A. R A V E N . VnviiUnt.
F. A PARSONS, i W I V v s L
C O R N ELIU S E l,D E B T , a . > ,.«
....
T H E O . P, JOH NSON , m 1 i.v- JVvP..