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finanrmi
ranicle
-v
Entered aocordin? to Act of Confess, In the year 1904, by William
B.
Daka Compant,
in the office of Librarian of Coni^ress, Wasliington, D. C,
SATUEDAY, FEBRUARY 6, 1904
NO.
0LEARIN08—F0B JANUARY 1904 AND 1903. CLEARINGS— WEEK ENDING JAN.
VOL.
ALSO FOR JANUARY
1902
AND
ALSO SAME WEEK IN 1903,
1901.
JanuaryClearing* aX
1904.
New York
1903.
5,691,528,119
7,186,120,463
In. or
Dec.
%
— 20-8
Philadelphia
493,915,717
545.030,142 —9-4
Pittsburgh....
15il,7n7,214
Baltimore
101,121,501
25,991,648
18.124,534
15,630.086
12,774,707
8,423,095
5,697,845
5,015,570
4,035,553
2,735,342
1,923,300
1,754,182
1,998,510
754,386
194,540,692 -17-9
'105,556,154 -4-2
27.525,275 —5-6
19.001.687 —4-6
17,430,546 -10-3
Buflalo
Washington..
Albany
-
Rochester....,
Serauton
Syracuse
,
Wilmington.
Wilkes Barre.,
Wheeling
Blnghamton...
Greensburg
Chester
Frederick.
.....
Total Middle.
6.551,129,309
Boston
Providence
586,262,745
35,310,900
11,889,764
7,880,834
7,896,365
4,520,233
6,445.736
4,727,852
1.802,038
3,676,987
8,879.658
Hartford.
New Haven
.
.
.
Sprlnsfleld
Worcester
Portland
Fall River
LoweU
New
Bedford...
Holyoke
Total N.Eng.,
671,672,912
13,241.06'
-3-5
8.040,128 +4-8
6,390,490 -10-8
5,057.313 —0-8
4.055,458 -0-5
8.298.686 -17-1
2.043.100 -5-9
3,035.047 —13-8
8.066,089 -a-8
0-3
765.005
ir««/c
1902.
6,929,468,711
509,841,598
198,519,388
107.271.568
86,695.497
14.369.205
18,101.183
11,641,431
6.669,741
6,641.300
4.967.9-^2
3.055.492
3.509,898
1,708,200
1,726,176
1,396,669
190L
7,401.114,873
459,8152.178
168,547,117
102.937,554
25,69 1,6S6
13,012,713
15,503,27-i
ll,0l:j,018
6.380,856
5,814,712
4,385.963
820,231;
2,122.800
1,445,507
1,591,764
757,676
7,847,103,305
8,220,188,678
14.089.966 -15-4
8.153.278 -3-3
8.694,075 -9-2
7.747,269 —41-7
6,833,667 -5-7
6-2
4,984,102
230
8,342,913
2,493,760
1,861,870 +82-6
647,658,870
35,394,400
13,942,336
7,959,007
7,589,127
7,761,617
7,452,801
5.044,895
2.775.65d
2.430.209
1.875,842
662,755.127
32,568,200
12,818,307
8.018.640
6,484,316
5.553.673
6.732,428
4,040,326
2,693,188
2,508,988
1,806,540
763,810 328 —12-1
739,784,763
744,979,733
—
— S»-5
670,148,423 — 13-6
36.512,600 —3-3
8,142,188,262
—
Chicago..
ClnclnnatL
Cleveland.
Detroit
729.587,789
99,719,750
60,068,031
41.796,838
35,465,403
87,739,899
17,294,100
11,803,227
13,273,691
9,182,234
7,793,309
6,509,528
2,054,400
2,824,130
2,474,139
3,307,382
2,773,511
2,768,297
1.843,052
Milwaukee
Indianapolis
Columbus.
Peoria
Toledo
Orand Rapids....
Dayton
Evansville
Akron.
Springfield, ni....
Youngstown.
Kalamazoo*
Lexmgton.
Canton
Rockford.
Springfield, Ohio.
L6«3,502
Bloomingtou
Quincy
Decatur
MansBeld
1,693,493
1,363,336
1,119,604
Ann Arbor
Total M. West..
San Francisco.
Los Angeles....
Portland
Spokane
Tacoma
Helena.
Falls.
Total Pacific,
Kansas City
Minneapolis
Omaha
St.
St.
Paul
Joseph
Sioux City
Topeka
Davenport.
Wichita
Colorad o Springs
Fremont
To. other West.,
S-6
-1*6
-1-7
—9-6
-8-1
XO-7
—-6-4
+3-0
+10-9
—40-7
—11-6
-10-9
+14-4
-0.5
-I-44-1
+0-2
-16-6
L634,658
1.327,617
1.341,333
901.787
-9-8
-6-9
+14-4
872,309
+8-0
1,087,230,589 1.146,164,030
-51
1.095,859,231
1.027,181
128.095,690
24,655,419
15.868.749
14.380,339
14,490,039
7,742,038
8,969,899
2,261 574
2,427,518
1,051,926
-0-7
+14-3
+6-8
-1-6
-2-2
+15-3
-2-8
+42-2
-2-4
105,570,793
18,682,366
12,477.561
16,212,649
10,865,886
8.095,614
6,614,839
2,875.784
1,943,851
1,144,757
90,943.134
12,276.230
9,191,226
13.509,673
9.636.305
4.353.549
5.501,689
3,981.856
1.535,y73
860,807
224,640,886
219.933.691
+21
180,384,105
151.790,342
95.065,180
63,322.313
31.961.036
88.670.266
61,506.135
•i3.916.117
27.749,849
23,398.499
18,882,807
9,405.994
6,530.947
6,501,19'
4,474,664
4,061,361
8,152,593
918,921
32,9<!5.00U
—13-6
+7-2
New York
Philadelphia
Pittsburgh
Baltimore
Buffalo
Washington
Albany
Rochester
Serauton
Syracuse
Greensburg
Chester
Erie
Reading
Total Middle
Worcester
Portland
Fall River
1.064.083
New Haven_
Springfield
New Bedford
Holyoke
Louisville
,
Houston
,
Galveston
Richmond
Savannah
Memphis
Atlanta.
Nashville
Norfolk
Augusta
Fort Worth
Birmingham
Little Kock
Knxvllloe
Macon.
Chattanooga
Beaum'jnt
Total aa...
Outside N.
Y
16.388341
5,543,841 -5-8
4.336,990 -l-26'3
3,826,000 4-18-0
2,897,600 +23-7
2,236,071 —6*4
1,882,461 +84-1
5.J0,710.422
+161
511.281,204
9,438.474,004 11,088.982.021
-14-i
170,319,675
69,719,253
40,782,291
18,963,490
18,351,500
17,854,229
21,294,904
18,809,100
11,051,708
7,099.081
6,972,963
5.492.588
8,059,896
4,500,803
3,144,534
2.891.910
3,434,000
1.976,941
Lexington
Canton
Rockford
Springfield,
,
,
O
,
Bloomlngton
Quincy
Decatur.
Mansfield
Jacksonville
Jackson.
,
,
,
Ann Arbor
Total Mid. Western
San Francisco
Los Angeles
Seattle
Salt Lake
Portland.
,
,
aty
Spokane
Tacoma
,
Helena
,
Fargo
Sioux Falls
Total Pacific
Kansas City
,
Minneapolis
Omaha
St.
St.
,
Paul.
Josephs
,
Denver
Des Moines
,
,
Sioux City
,....,
Topeka
Davenport
,
Wichita.
Colorado Springs
Fremont
,
1,822,668
489,031.050
3,306,917,212
,
,
West'm
Louisville.
Houston
Galveston
Richmond.
Savannah.............
Memphis
Atlanta
Nashville
Norfolk
Augusta
Fort Worth.
Birmingham
Little Rock.
Knoxville
Macon
Chattanooga
Jacksonville
Charleston...
Gnlhrie
Total Southern ....
Total all
Outside New York.
1,468,447
1,340.302
1,386,998
1.375.069
969.557
-9-6
-32-5
-0-4
+90
—178
480 257
--27-2
--21-1
547,443
345,145
-40
1.482.563
1.306,789
1,17L083
1,002.874
838.674
505,306
406,378
436.697
139,646,728
127.741.861
19,495,700
11,694,130
8,936.726
6,628,904
3,635.253
8,933,150
8,186,307
2,273,676
1.339.168
1.037.915
871.671
407,600
433.429
199.913
173,274
174,335
173,738
67.015
-1-24-4
327,155
320,766
315,20
801,563
227,777
219.432
169,408
130,119
150,000
55,727
829.143,637
236,825,682
-3-2
282,085.911
60,000
165 483
134,707
50,000
103,427,193
89.349.109
5,997,521
8.068.635
2,800,967
2.855.856
1.833.697
2,145,765
461,237
404,891
184,172
29,379,48$
4,823,877
8,366.852
8,619,366
8,860,884
1,458,722
1.879,47y
483,462
621,672
187,203
-01
23,077,394
2,374,868
8,673.779
2,850,644
1.930,686
1,142,540
1,209,882
612,657
402,086
284,628
20,740,838
2,092.089
8,861,393
8,396,370
1,650,000
861,987
1,596,659
946.489
848.696
222,887
49,161,340
20,741,745
13,194,296
6. 31.766
5.315.071
4.400.000
4.115,508
1.669,486
1,243,042
866,604
646,275
1,147.165
876,295
158,810
873,944
47.670,930
38,458,869
33,116,278
16,890,138
10,281 173
6,027,118
4,363,646
8,883.608
4,669,480
1,215.843
1,063.631
1,069,690
834,236
494,331
1,004,603
138.300
387,7"
Beaumont
10.659,488,83<) 10,708,032,085
3,730.020,128
,
J-7-4
81,750,800
16,543 831
9,327,937
7,147,080
6,192.916
4.240,400
2,687.657
3,440,717
1,699.205
1,574,412
1.035,199
670.000
586.298
671.294
652,282
491,858
841.601
391.456
325.380
396,379
801.440
225,927
808,437
166,345
202,968
69,721
2.407.416
2,085.903
1.634.205
1,138,979
498,400
485.088
576,605
666.820
696,262
618,780
446,39"
405.122
267,828
Ill
tal.
-2-5 1.551.181,081 1,664,674,148
—0-1
187.033.144
123,899,793
+7-2
7,649,800
6,684,700
-47
2.557,070
3,384 617
1
156.172.232
2,854,50'"
Youngstown
Kalamazoo
tal.
147.482,987
Peoria
,
486,500
296,840
293,90«
-1-4
Toledo
Evansville
842,870
663,441
377.300
888,437
341,706
-003
Columbus
Akron
21.136.494
4,822.350
2,606,243
8.971,948
2.563.923
1,483,870
1,086,500
867,198
167 685,308
7,364.888
6,889,253
3,795.700
Grand Rapids
Dayton
19,967.571
5.039.708
3,081.627
2,923,940
8,323,327
1.823,546
1.048.279
1,009.370
l.S7,8 16,541
Milwaukee
,
+6-1
-8-3
-8-9
-3-6
-10-9
+1-0
-9-7
—8-6
155.487.435
20.885,750
13,030,098
8.^676
Indianapolis
1
1901.
%
137.778.751
Detroit
Total other
St. Lonls
New Orleans
—
3,902,861,558
Cleveland
Cedar Rapids
16,372,222
12.920.806
8,783.068
6,563,170
6,970,809
6,766,573
5,199,079
4,858.260
8,255,120
8,358,000
3,399.085
1,889,112
1,726.766
3,744.947,885
Cincinnati
603,6:32
616.138.325
,
Chicago
239,955,887
Total South....
....,
New England.
286,076,231
232,937.718
73,988,126
43,950.070
24.217.820
17,978,500
20,775.439
17,583.481
22.125.095
7.183,482
6,366,064
4,804,507
4,087,343
2,070,541
4,658,356
861,873
566,856
384.306
tiowell
30.
-1-8 1.375,680,618 1,490.597.305
-3-5
96,706,380
99,654,264
-81-4
89,898,781
86,024,481
Not
Not Include d into
Not Include d Into
121,125,544
6,504,300
2,344.086
1,398,828
1,607,885
1,438,134
1.217.278
976,779
440,048
445,078
817,581
30, 1904,
1901.
1902.
Dec.
—51
913,718
697,764 -11-0
357.800
850.823
t^-t
+9-9
381.750
include d In to tal.
L212.008
-0-2
+18-6
449-8
—9-6
+20-6
+1-4
+19-6
22,'i81,787
866,710
618,086
384,200
379.389
364,538
399,416
760,745
224,208
AND
Inc. or
$
1,277,825.928 1,301,817.730
104,071,251
107,832.443
84,802,028
44,801,149
2-2,130,737
20.861,401
5,157,361
5,624,527
3,514,917
3,650,544
3,074,696
3,189.580
2,762,778
2,461,393
1.616,218
1.599,585
982,543
1,087,427
994,907
1.031,245
121,049,625
6,072,500
2.235.786
1,601,889
1,453.144
970,681
Springfield.
1903.
1,469,343,897 1 496,416,264
Boston
Providence
Haxtford
—98
Jacksouvilie, Fla.
Louis
922,085,835
Pa
Franklin.
75.190,590
47.348.747
28.657.348
-2-9
-13-8
-4-7
—2-6
—1-6
-10-7
-89-8
-8-3
+23-0
-6-4
286,176,293
214,786.864
77,406,552
60,709,430
80,697,985
22,118,500
19,255,996
19,548,420 -101
81+41-5
80,039,478
14,009,444 +7-4
11,635,669 +18-0
7,288,636 +7-8
7,747,156 +39-0
7,347,275 +19-6
3-4
5,963,045
New Orleans
241,288
759,438
668,611
343,693
—
Wilmington
Wilkes Barre
Wheeling
Blnghamton
90,266,867
60,612.430
31,352,420
23,700.580
22.587,699
21,699.652
8.997.737
6,857,253
6,221,101
6,660.243
8,334.255
4,139.150
856,944
-l-SO
885,661.992
241.950 391
115,558,900
45,838,879
37,020,202
22,433,000
23,026,314
17,571,663
29.201.430
16,102.550
13.028.693
7.860.919
7,972,324
8,790.541
5,763.283
5,220 468
5,478.987
4,887.000
3.583.384
2,092.850
3.834.540
St.
1.646.78i
1,591,780
1,169,253
1,381,419
619.063,911
89,116.100
65.677,283
44,061,568
38,483,611
17,157,989
12.773,550
10,128,566
10.089,904
6.615.171
5.349,677
4.187.392
2,205,700
3,197.2»3
1,496,809
2.437.726
2.004,230
1.364,564
1,246,331
1,506.129
1,098.694
1,227,724
-91
21.349,638
18,384.784
9,264.831
5,828.905
4,598.680
4,104,788
4.994.864
3,037,155
833.831
Denver
Des Moines
-6-8
—18.6
734,053,897
90,452.650
62,060.367
68,683,904
83,712,788
23,153,980
16,843,000
18,280,260
12,066,130
7,567.757
6.502,503
4,568.948
2,896,300
2,695,600
2,575,310
2.394.683
2.556,752
1,650,862
1,534.844
963.529
445,802
127,163,873
23,184,793
16,944,893
14,156,903
14,174,362
8,929,408
8,719,901
3,216,068
8,124.110
Seattle
Salt Lake City.,
-40
891,788
790,877
807,136
441,676
839.399
998,173
876,069
451,895
Jacksonville, UL.
Jackson, Mien....
739.938,062
106,972,000
71,140,546
46,658,836
85,987,213
28,324,090
19,101,400
1S,980.604
14,860,706
9,655,717
7,565,849
6,869,098
3,463,500
3,194,612
2,777,686
8,889,364
8,786,107
1,917,775
1,838,648
1,971,183
1904.
1902
ending January
—
Clearing* at
Total
Fargo
Sioux
2015.
78.
<
18.751,608
13,770.787
7,172.230
6,342,941
4,798,325
3,830,822
1.964,736
1,819.953
1.341.998
786,549
63.646, 188
44.136,117
15.189,825
10,490.541
8.000,000
5.222,000
3,980,704
4,227,477
9,420,
5,487, 00(1
4,891, 364
8.848, ,609
6,876, 008
8,410, ,225
2,501, 405
1.890, 650
2,068, ,'i92
2,606, 106
1,252, 417
1,169, 001
1.207, ,583
1,031, ,000
800, 000
420, 000
826, 449
-85-6
-17-8
-14-2
--20-7
--27-6
428 688
474,858
--811
--141
- -246
1
+30
+13-4
-106
-16-1
-30
+28-7
+38
+100
—9-6
+28-6
-U-5
-16-9
Ju-4
+34-8
-8-6
+9.8
-02
+25-7
+14-2
-4-7
-850
—1-6
^1
+10-6
-4-2
—6-1
-H)04
1-88
+7-4
-150
Not include din
60.361,455
4.01fi.885
2,806,115
2.273.345
1,600.276
1,852,398
1.655,782
1.361.012
1.004.789
938.904
760 000
C02.829
487,445
18,00L700
13.486,212
14,905,808
7,842,771
4,698,541
3,350,000
2,982,291
2,492,238
1,522,496
1.304,419
844.763
640.100
488.937
588,588
-10
-6-8
—85-6
-17-7
671 919 +70-8
-4-5
893426
817,40) -37-2
60,633,458
29,969 043
9.188, 180
-82-6
18,533.681
11,948,614
6,274,376
4.193,891
4,021,395
4,471,756
1.560.868
1,833.370
1,337,463
867.670
750,813
910,550
181.838
--97 8
66,326.220
60.943,861
47, 007,015
17,,727.919
43,608,423
18.777,875
9,196,544
4,387,318
4,296.500
8.848,274
4,973,490
3.235,588
2.489.563
1.608,856
1.412.087
942,375
1,522,179
999,017
637.740
613.200
736,000
397,584
—12-4
8, 417,213
6,,128.785
+178
3,,727.500
-t-5-1
+22-9
4,,573.276
-90
3, 092.510
+71-2
3, 127.690
2, 374.546
^t-2r5
-10-0
- -18-1
.
-
-
-
1, 783,130
1, 340.278
-111
-67 6
1, 517.148
-8-01
1,,036,842
1,,495,388
-16-3
-28-7
876.783
603.316
711,000
437.000
419,449
363,273
-,S6-7
- -327
—13-8
.360,820 -f 129-0
m
376,860
422.295
320.267
256.918
273,411
252.061
817,798
to tal.
+0-6
+21-5
-
80-2,881
to
1.358 112 Not include d
752. 170 N'ot include din to
236.779
tal.
tal.
+28-4 106.758,056
-0-0 2.130.092.364
+1-6 754.361,766
788,239,100
110,906,964
97,758.109
2,078,4,56,978 2.000.0.'iR,53«
2.178.50.-').3I1
142.499,995
800,631.050
'Table CleailSir* bv Telegraph and Canadian Clearlnns on pasrs 3C9 nnd 966.
687.607.016
J
THE CHRONICLE.
540
TRUST COMPANY REPORTS— NEW YORK,
PHILADELPHIA, BOSTON AND
We
give
up
ST.
LOUIS.
[Vol. lxxviii.
has been this week displayed, the degree of confidence
prevailing could not fail to be lowered.
to day thirteen pages of our space to
Cotton is not the only commodity the speculative
companies of mania has attempted to control. The truth
is, there
New York, Brooklyn, Boston, Philadelphia and St. is hardly an article the public eats, drinks or wearg
Louie.
They will be found on pages 663 to 665.
which is not higher than asual, and several are said to
the comparrttlve reiurna of
the
trust
be cornered. We wrote last week with reference to
the speculation in coffee. There has been a decided
break this week in the value of that article. Wednes-
THE FINANCIAL SITUATION.
Oar
security
in a more disturbed day the price for September delivery dropped to 7*90
Abundant reasons for this unfa- cents, against 8*60 cents at the close Tuesday. Wheat,
market has been
state the past week.
Yorable tendency in
the situation appear on the sur-
Withoat any actual new disclosure
face of affairs.
however, and almost
all
other breadstuffs, have been
as
higher.
There Is talk about a corner in both corn
and wheat. The movement in those cereals has between Rassia and Japan, there has been a growing come more strained by reason of the less peacef al
feeling that the dispute was getting to wear a more character of the news this week from the Far East.
Of course delay in coming to a There is, though, a spirit of* conservatism at work in
warlike attitude.
basis of settlement gives place to the thought that financial circles.
The time seems to be very
Irritation would naturally be on the increase with dis- nedr
when the Panama transaction will have
an Interpretation, too, to be arranged for and closed. Though assurances
cussion prolonged. Such
reported
encouraged
by
aggressive acts on have been given that the transaction will be carried
might be
to the precise position of the differences existing be-
the part of Russia, like the statement cabled that the
Russian fleet had moved outside the harbor of Port
through without any disturbance to the money market, the feeling is that some hitch may occur and at
Arthur, going toward the Yalu River, and that 9,000 least a brief spasm in money be the result. The very
which may large Increase In loans, according to the bank returns
troops had left for the same destination
truth
in
it,
or, if true, may be in- of the last three weeks, has been a feature which has
have but little
tended as a reasonable precaution and not on evil helped draw attention to the matter of a stringency.
Doubtless, however, this change in aspect and It is possible that by-and by a connection will be
bent.
—
belief has
made
capital
and
capitalists
more wary.
Another cause for disturbance of confidence nearer
a decidedly more deterrent effect has
been the crises which in the current week have attended the extravagant speculations in commodities so
long in progress. We would refer especially to the
turmoil in the cotton market, the tremendous break
in the price of that staple, and the sensational efforts
to support the falling values; whether the effort was a
home and having
feint to cover the liquidation of leading bulls seeking
to get out of their embarrassment or an actual struggle
At all events the
to sustain the market, Is a secret.
incident was very suggestive of the explosive force
dormant in that speculation,
liable at
The
velop into a wide disaster.
any time to de-
latent vice concealed
an alf air can only be gauged by these flashes
on the possibilities for doing evil they disclose;
and hence the check to confidence which the development on Tuesday caused, became serious. That experience served as a kind of eye- opener. It exposed the wide
limits of danger which in their extreme the public as
a matter of safety must always be prepared to meet.^On
the one hand is a great manufacturing Industry, co
In such
of light
acknowledged between these loans and the drafts by
the Treasury on the depository banks and the Panama
payments.
In the meantime that transaction In
prospect acts In a measure to put operators on the
Stock Exchange In a sort of waiting mood. A circular letter was sent Thursday to every national bank
holding deposits of Government money, giving notice
that they must be immediately prepared to surrender
to the Treasury about 20 per cent of such'deposits.
This demand, the circular states, is made that the
Treasury may be enabled to meet prospective large
payments, (1) about $50,000,000 on account of the
Panama Canal, (2) $5,000,000 on account of United
States bonds which by their terms matured February
1 1904 and (3) a possible loan of between $4,000,000
and $5,000,000 which Congress is considering whether
It will make to the Louisiana Purchase Exposition.
The requirement from the depositary banks for these
purposes
is
positary
banks.
In the near future, possibly
within ten days, the depositories will be notified to
transfer this money to some one of the New York de$30,000,000.
We
give this circular In full
on
page 562 of to-day's issue, to which we would refer
our readers for farther particulars.
extensive with the industrial world, held in suspense
by conventional prices for its raw material, cotton,and
We refer in our news column to the $50,000,000 4
hence conventional prices for its manufactured pro per cent eighteen months' notes of the Pennsylducts ; also a large planting class who raise the staple, vania Company, guaranteed by the Pennsylvania
always ranged on the side of highest values, and Railroad, just placed with Kuhn, Loeb & Co. The
therefore almost to a man having their property Pennsylvania
Railroad has this week issued its
interests
return of gross and net earnings for December and for
jeopardized in case these fictitious values
break, which, so far as they are abnormal, they are
the twelve
sure to do some time; also
esting
all
traders and merchants
and banks and bankers having fellowship with either
who are consequently in any
way tied up in this venture all these Interests, whether
directly or Indirectly concerned, are liable to come to
—
far
as they
may
be
still
Involved
Two
1
Inter-
and striking features appear in the statement.
month, the other to
One
the results for the twelve months. For the month
there is a decrease In gross on both the lines directly
operated East of Pittsburgh and Elrie and those directly
operated West of Pittsburgh and Erie the former
making $624,800
$301,200, the latter $323,600,
What renders
loss In gross on the combined system.
—
when the
denouement Is reached. With such uncertainties exand such sensitiveness in values of the staple as
isting
of the calendar year.
relates to the results for the
party to the contest, and
grief so
months
Eeb.
THE CHRONICLE.
6, 190tt.J
541
diminution in gross earnings noteworthy la that were easier. The most notable feature of the statethe present is the first time in two years that a de- ment of the New York Associated Banks last week was
crease has been recorded either on the Eastern or the the new high record for loans, for deposits, and for
Western UneSj and the first time since 1897 that the cash. The former reached a total of $994,552,100
Eastern and Western systems have simultaneously against $965,064,900, the previous maximum, January
recorded a loss in any month. The reasons for the 23. while the deposits were $1,023,943,800, against
this
falling off are of course not obscure.
In the great depression
They
are found
which developed in the iron ruary 21 1902.
towards the close of 1903, and doubtless also to a small extent in the reaction experienced
We have frequently pointed out
in general trade.
of late that so extensive was the shut-down of mills
and furnaces in December that production of steel
i)iliets and of pig iron alike was out almost in two.
In view of this great restriction in the output of iron
and steel, industries which furnish such an enormous
amount of freight to the Pennsylvania BR., it must be
considered surprising that the loss in earnings has
been relatively so small. The contraction in gross
revenues was attended by a decrease in expenses of
$309,200 on the Eastern lines and of $66,200 on the
Western lines, leaving still, however, $92,000 decrease
in net on the former and $257,400 decrease in net on
the latter, or $319,400 together.
In the results for the twelve months, the signifi-
and
steel trades
—illustrative of
the conditions prevailing
Is the fact
in the railroad world throughout 1903
that with an enormous addition to gross revenues there
cant feature
$1,019,474,200, the greatest heretofore recorded, Feb-
—
The
total cash reserve
was $281,116,-
000, against $272,648,600 January 23 1904.
Compared
with January 2 the loans show an increase of $86,981,600, the deposits of $137,764,900 and the cash $60,-
Through the augmentation
028,400.
of $37,640^600
deposits last week, the required reserve was increased
$9,410,125, and deducting therefrom the $8,466,600
gain in cash left $943,626 as the decrease In surplus
reserve, to $26,129,050.
Computed upon the
basis of
deposits less those of $36,899,000 of publio funds, the
surplus
week
is
will
The bank statement of thlff
probably reflect, among other movements,
$34,353,800.
the transfer through the Sub-Treasury to New Orleans of 1,340,000 and the transfer hither from San
Francisco of $1,03(^,776. One Incident of the week was
the payment at the Sub'Treasury on Monday of
$7,380,390 for the Philippine bonds which were reThe office
cently bought by a New York syndicate.
simply acted as an intermediary in the transaction
and the amount was at once deposited, in accordance
with instructions from Washington, in the Guaranty
the net revenue Trust Company and in the International Bank-
has been absolutely no increase at all in
derived from the business, but rather
crease.
On
Western
lines there
a small
de-
the lines directly operated East and West
of Pittsburgh we have an addition of $9,963,100 to
gross, with a gain of only $241,100 in net, while on the
is
$5,193,600 increase in gross with
On the combined lines
$397,800 [deated^ae in net.
directly operated,
therefore, the result
is
a gain
of
ing
Corporation,
for
the
account
the
Phil-
each institution receiving an
equal sum. The redemptions of 5 per cent bonds of
1904 amounted, according to the public debt statement of January 31, to $14,070,800 on that date, this
being the difference between the sum of 19,385,060
outstanding Mhen redemptions began under the circu-
ippine Government,
$15,156,700 in gross, accompanied by an actual loss of
$156,700 in net. If we should add on the results for
lar
the Philadelphia Baltimore & Washington, the Northern Central and the West Jersey & Seashore roads
when the bonds were on the eve
—
of
order of September 23 last year and that of $5,314,250 which was recorded at the end of January,
of maturing.
The
redemptions have continued this week, increasing the
total to $15,721,860; Interest on these securities ceased
on February 1. Treasurer Eoberts announced January 29 that for the present no further gold certificates
in gross with
$358,- will be issued, gold coin available for that purpose
have $18,629,800 increase
500 loss in net. Such figures carry their own being exhausted. The Treasury has $214,000,000 in
comment, and they show what a prominent part gold bullion. When sufficient of that is coined the
higher wages and increased cost of fuel, materials and issue of gold certificates will be resumed.
supplies have played in the affairs of United States
In the following table we give the gross
Money on call, representing bankers' balances, loaned
railroads.
and net earnings for December and the twelve months on the Stock Exchange during the week at 2 per cent
for the last six years on the lines directly operated and at 1^ per cent, averaging a fraction less than 2
East of Pittsburgh this being the only portion of the per cent. Banks loaned at 2 per cent as the minimum,
system for which we have the data for such a com- while trust companies placed very little on call. On
parison.
Monday and on Tuesday loans were at 2 per cent and
at If per cent, with the bulk of the business at 2 per
Links Bast op
1898.
1901.
1900.
1899.
1902.
1908.
pittsbubgh.
On Wednesday transactions were at 2 per cent
cent.
Dteembtr.
$
$
and at 1^ per cent, with the majority at Ij per
9,22^,176 9,529,375 8,803,075 7,8la,904 6,617,704 6.737.004
Gross earnlnKS.
On Thursday and on Friday loans were
Opcrat'g expenses 7,021,638 7,330,838 5,626,338 4,895,207 4.530,507 4,034,707 cent.
per
cent, with the
Net earnings. 2.206,537 3,298.537 2,780,737 2,921,697 "2^087,197 1.70a.X97 at
2 per cent and at If
controlled by the Pennsylvania but separately operated the exhibit in the particular referred to would
be even more noteworthy. In that event we would
—
—
Jan. 1 to Dec. 31.
122638394 112663294 101329795 86,575,912 72,622.712 65,603,813
Qross earnings
Operat'K expenses 84 773,842 75,060,942 65,259,54» 56,273,250 50.778,260 44,913,750
—
Net eamlnKB
37,853,462 37,612.352 38,0';0,252 29,308,662 22,144.462 20.659.863
NoT».— These flgures Include the Boftalo & Allegheny Valley DiviIn Dec, 1901, the earnings of this
sion for 1901. 1902 and 1903.
Prom
dlvialon were, approximately, gross, $584,471; net, $79,440.
January 1 to Deo. 31 the earnings of this division In 1901 were
¥8,114.899 gross and $2,190,435 net.
bulk of the business at 2 pe? cent. Time loans
were firmer in tone compared with last week, and the
offerings, especially for long periods, were less liberal.
Qaotations on good mixed Stock Exchange collateral
were 3^@4 per cent for sixty days, 4@4i per cent for
ninety days to four months and 4i@4^ per cent for
There was a lighter local demand
five to six months.
for commercial paper, and not much inquiry from the
Bast, though Western buyers were in the market for
There was no change in official rates of discount by
any of the European banks this week and compared
with the previous week unofficial or open market rates choice grades.
The supply was moderate and
i^tes
.
.
.
THE CHRONICLE.
54U
were 4} per oont for sixty to ninety day endorsed bills
receivable, 4f @5^ per cent for prime and 5i@6 per
cent for good fonr to six months single names.
[
The market
Vol. LXXTiii.
83@4 8310 for long, i 8556
@4 8566 for short and 4 8585@4 8696 for cables. Commercial on banks 4 8260@4 8270 and documents for
payment 4 82@4 82^.
Cotton for payment 4 82@
The BaDk of Eagland minimum rate of discount 4
82J, cotton for acceptance 4 8260@4 8270 and grain
remains unchanged at 4 per cent. The cable reports for payment 4
82i@4 82^.
discounts of sixty to ninety day banii bills in London
The following gives the week's movement of money
2J^@3 per cent. The open market rate at Paris is 2^
and
Frankfort
Is
Berlin
It
atd
at
cent
per
2^
to and from the interior by the New York banks.
@2|
closed at 4
According to our special cable from LonReceived bv Shipped
Net Interior
Week ending February
1904.
don, the Bank of Eagland lost £579,426 bullion
y. T. Banks N.r. Banks.
Movevient.
at
the
close
held
of
£33,606,700
during the week and
Cnrrenoy
16,070.000
$4,473,000 Gain, tl.597.000
Qold_
1,663,000
697,000 Gain. 1,106,000
that
further
advises
us
correspondent
Our
week.
the
Total gold and legal tenders.
$7,963,000
15,170,000 Gain. 2,703,000
the loss was due to the Import of £930,000, of which
With the Sub-Treasury operations and gold Imports
£500,000 was from ludia and £430,000 bought in the
open market, to exports of £1,635,(00, of which £1,- the result Is as follows.
IC0,0C0 to Argenlica, £500,000 to Egypt, £10,000 to
Into
Out of
Net Change in
Week ending February 5, 1804.
Portugal, £6,000 to Peru and £20,000 to other counBanks.
Banks.
Bank Holdings,
17.663.000
15,170,000 Gain. «8,7i-3,000
tries, and to receipts of £126,000 net from the interior Banks Interior movement, as above
per cent.
luf
.5,
..
Sub-Treaei. oper.
of Great Britain.
and gold Imports.
Total gold and legal tenders
market has been dull and
irregular, though generally firm, this week, and without special feature. It opened easy, Influenced,
especially for short, by offerings of maturing Inyestment bills, and there also seemed to be some pressure
of this class of exchange, which was drawn against
European speculators for margins on
calls upon
The
foreign exchange
Long sterling was, however, firm In response
to a demand for investment,',and also because of easier
discounts in London. One feature was the quite nar
row margin between sight bills and cable transfers,
owing chiefly to the small demand for the latter.
After Monday the market gradually grew firmer, with
cotton.
The following
in the principal
23,300,000
Loss.
1,000,000
130.263,000
•28,470,000
Gain.
1,798.000
table indicates the
amount
of bullion
European banks.
February
Bank
22,300,000
4,
February
1904.
5,
1903.
of
England
France
Germany....
Russia
Ans.-Hung'y
Spain
Italy
Netherlands
Nat. Belg'm.
Gold.
SUver.
S
£
33,606.700
Qoia.
Silver.
£
£
£
83 6C6.700
34.664,10?
lotal.
Total.
£
34.681,403
93,790,704 44,861,729 138,042,488 100,552,021 43,786.114 114,338,186
45,636,000 E3.707,0C0 11.843,000 46,550.000
93,363,000 76,696,000 7,196,000 88,892,000
46,690,000 12,488,000 69,078,000 16,219,000 12.667,000 68.886,000
14.688,000 19,746,000 34,831.000 14,409,000 19,897.000 34 896,000
33,770,000 11,865,000
86,050,000 7,313,000
22,085,000
3,783.900
a5,808.900
16,901.000
2,171,700
19,078,700
5,039,200
6,656,100
11,695,300
4,697,700
6,660,900
3,144.667
1,573,333
1,717,000
3.160.000
1,580,000
11.318,600
4,710,000
ToUthis week 338,662,871 10761606; 446,177.383 331,006,124 106781714 136,787,838
Tot, prev. w'k 330,619,233 106531782 446.050.9B6 329,757,016 105691274 436,418,298
good Irqulry for long, presumedly for investment,
and there was also moderately large buying of short
PENSIONS AND F UBLIG FINANCES.
ior remittance. Commercial bills were not plentiful
We scarcely Imagine that such a pension bill as
in the market, and there were some indications, as
Representative Sulloway Introduced into the House
has recently been the case, of the absorption of these
a few days ago will be seriously pressed this session.
The business In Continental
drafts at interior points.
Congressional sessions on the eve of Presidential
exchange was light and the fluctuations were within a
elections have become rather notorious in our polltlal
very narrow range. The Assay Office paid $983,history for the introduction of measures which no
276 81 for domestic bullion. Gold received at the
one expects to enact Into law. Such used to be the
Custom House during the week $43,409.
practice In the days of the free- silver controversy, when
Nominal quotations for sterling exchange were
the Senate particularly Indulged In endless discussion
4 83^ @4 84 for sixty day and 4 86@4 86i for sight.
ever some proposed measure which went quietly to
The market opened heavy on Monday at a decline,
CoDgresssleep at the end of the legislative session.
compared with the close of last week, of 26 points for
a
8276@4
long, to 4
15 points for short, to
8285, of
men
could
make
capital in
their
home
districts
for
and
4 8540^4 8550 and of 20 points for cables, to 4 856fi@
all they expected or desired.
We
that
that
was
suppose
4 8575. On Tuesday there was a recovery, with long
nothing more is expected of the recent pension propos15 points higher at 4 8290^4 83 and cables 6 points
On itions.
better at 4 8570@4 8580; short was unchanged.
We think, however, that the matter is worth disWednesday there was a firmer tone, long rising 10
cussing, even while conceding the improbability of
points, to 4 83@4 8310, short 10 points, to 4 8550@
any actual legislation. Silence, In the face even of a
4 8560 and cables 5 points, to 4 8676@4 8585. On
themselves or for their party by such discussions,
tentative proposition of the sort, Ii too often interThursday, while long was unchanged, short rose 6
preted as acquiescence ; and it has usually h^pened,
points, to 4 8555@4 8566, and cables 10 points, to
even when a specific measure has failed for the reasons
4 8585@4 8595. The market was steady on Friday.
which we have already stated, that the policy thereby
MON
Wbd., THUB., FBI.
TtJBS.,
FBI.
3.
Feb.
1.
Feb.
5.
59
Feb.
Feb.
1.
Feb.
8.
outlined
has slipped quietly into the general platform
Jan.
8SH
84
83^
&3«
83H
of a party, and has gained a sort of consideration
{«^»y' 44E6H
BTOwnBro.
86
80
8d
t6
merely from the fact that It had aires dy occupied a
8««
e4
60 i&jt 4 88H
Baring,
11^
Sen
8«)«
£6^
188^
11^
t6H
Magoon & Co. Bight
place on the calendar of Congress.
f3«
60 dayt 4 83«
Bank British
'4^
S6>6
No. Amenoa.. (Sight.. 4 80«
We have, then, two decided objections to state to
t3H
60 dayi 4 8;-H
Bank of
8il«
f6>6
66^
(Bight.. 4 86>4
Montreal
the. pension bill of Mr. Sulloway and to other bills
t3v«
83«
83H
Canadian Bank 60 day* 188^
88H
8eH
E6«
86^
86«
of Commeroe.. Sight.. 4 86^
which follow similar lines. We object to it because of
t3M
P3«
83^
Heldelbaob, lok- 60 day* 4 84
86
4
fi«
86
^i«
86
86}^
•Ikelmer * Co. Sight..
the nature of the proposed legislation and because of
88^
t3«
83H
La.ardFrere...|«?/j*y' 181
86
If"
86
8«
1E6X
the position of the Treasury from which these adfl
84
f4
84
MQiOtaanti' Bk. }60dayi 184
84
fa
4 86M
86
(Sight
86
8«
of Canada
To begin with,
ditional grants would be drawn.
,
.
)
(
.
i:4
(
5
(
(
(
(
T
Feb.
6,
THE CHRONICLE.
1904.
Shaw'i estimate for the current fiscal year, submitted
in his annual report of last December, reckoned on a
114,000,000 surplus; but for the twelve months beginning with next July his figures worked out a
deficit of $23,000,000, and even this was obtained on
the basis of a predicted increase of $10,000,000 in the
Customs and of $5,000,000 in internal revenue.
No estimate based on Customs returns can be
absolutely safe, for the reason, chiefly, that the
result dependi on an as yet wholly uncertain Influence the condition of the steel and Iron trades this
year. If the present slack demand continues, imports
there seems to ns to be absolutely no legitimate call
We do not mean that no
for any Buch legislation.
On
the contrary, our whole
experience, especially since 1885, has proved that so
long as any chance remains for increasing the drain
on the Treasury for these purposes, committees and
lobbyists and organizitions will be found to urge the
one has asked for
it.
adoption of such policy.
543
But the same thing may
be said of a good many objects of public expenditure other than pensloas, and the fact that beneficiaries never seem satisfied with what they have
received, and always return to ask for more, is in
our judgment a reajon, not for the ready grant of the of steel and iron goods, which fell off nearly $3,000,~
request, but for the particularly jealous and careful 000 in December, will continue similarly low, and withi
their decline the proceeds of the duties will shrink.
scrutiny of each proposition of the kind.
The bill proposed is a "service pension'"; that is to This week's report on the January revenue shows an
revenue for the seven completed months
say, it grants an annuity to every soldier who served excess
in the war, irrespective of the two questions whether smaller by $26,462,000 than in the same part of the
—
or not he was injured in the service,
not he
is
in need of such support.
and whether or preceding
The
who were not
soldier
fiscal year.
to
make
If the five
months yet
to
come
a better comparison, the Treasury's
who
has forecast for the fiscal year could hardly be fulfilled ;
reached the age of sixty- two years, is entitled to $96 for in that period a year ago the surplus was only
a'year, and the rate increases according to his age and $24,600,000.
The simple truth is that one of those changes in the
Soma other bills proposed
to his length of service.
modify even this age proviso in favor of the pen- fundamental basis of public revenue familiar along
served in the ranks for only ninety days, and
—
sioner.
The
proposition
is,
therefore, neither in the
nature of a pension for disabilities contracted in the
service, nor of reward for meritorious and faithful
service, nor even of a lavish government's prjvlsloa
for a veteran unable in later years to earn his living.
It
is]
pure gratuity, and, under the circumstances,
certain to be demoralizing allkg to tlie recipient
is
and to the
—
giver.
This sort of largess is a particularly mischievis
It
so
the public finances.
ous element in
expenof
public
species
above almost any other
reason already stated, that
the more is given the more is asked; second, because
the political influences lying behind a pension increase makejmpossible any arbitrary reduction, such
diture;
with our flactuating import trade conditions during
many years is now again in progress. How long it
will continue at work and what its eventual results on
the revenue will be are largely matters of conjecture.
But we hardly need point out how inopportune Is such
an occasion for a wholesale and utterly needless expansion of Government expenditure.
first,
for the
CHIGAOO & NORTH WESTERN RESULTS
FOR 2HE CALENDAR YEAR.
The
fiscal
& North Western
knows, ends on May
year of the Chicago
Railway, as the reader doubtless
31, but we have obtained, as in the past, a detailed
statement covering the twelve months of the calendar
Comparison with previous years is in a
year.
easure
might be made in any other sort of grant. Neither
m
maxi
At
their
proof.
disturbed by the fact that since February 16 1903 the
of these assertions is in need of
great
five
times
as
was
budget
annual
penaion
operations of the Trans-Missouri lines have formed
mum, our
as
as that of
1872,
when Ganeral
Garfield, reporting for
the .Congressional Committee, declared that thenceforward such appropriations should decrease, unless
under unwarranted extravagance by Congress. Why
they were increased
The
tory are aware.
students of our political his.
overflowing surplus, occurring
all
intermittently from the operation of a revenue
half from import duties, has invariably caused,
drawn
first
a
disturbance of the money market, then a concerted
raid by every one with a plan to draw out a portion of
It is this intermittent rush on the Treastne^surplns.
ury which raised the annual pension outlay from 128,600,000 in 1872 to 166,000,000 in 1883, and to $169,.
300, 000 Jn 1893,
and which
left it in 1903, despite
partial depression of the extravagant
the
"private pen-
To what figure Mr*
would increase it, we shall not
sion" schemes, at $138,400,000.
S alio way's proposition
part of the returns, whereas previously the Trans-Mis
sour! system
•
was operated separately and therefore
not Included in the figures.
On account of the inclusion of this additional road,
the average mileage operated for the twelve months of
1903 was 7,189 miles, as against an average of but
6,890 in the twelve months of 1902. The Fremont
Elkhorn & Missouri Valley, which is the name by
which the Trans- Missouri system was known, being an
old established road, the revenue contributed by it
must be taken into account incorsldering the increase
in gross earnings reported.
Total gross for the year
given as $54,396,248,
1903 is
which compares
with $48,026,708 for 1902 without the Fremont
system. Of the apparent increase of 6^ million dollars, probably close to 4 million dollars must be asscribed to the inclusion of the Trans- Missouri lines.
Allowing for this, however, there would still remain a
gain of 2^ million dollars derived in the ordinary way.
xhe $6,369,640 Increase in gross was attended by an
venture to conjecture.
If the purpose for which this new legislation Is
projected were otherwise unobjectionable, we should
Expenses
still oppose it because of the Treasury's present posi- augmentation of $5^027,160 in expenses.
tloni
A good deal of skilful and carefully-balanced of course would naturally be larger by reason of the
legislation has brought our revenue and expenditure added mileage, bat the augmentation actually shown
But these careful calcula- is of such extent as to make it certain that the Cnicago
fairly into equilibrium.
tions certainly
made no account
of
a
sudden
ing of the revenues in such a gift as this.
scatter-
Secretary
& North Western was
as other railroads,
much
same way
namely by higher wages and the
affected
in the
544
'rilE
CHRONICLE.
I
Vol. LxxviiL
enhanced coat of many other Items entering Into the in comparison with the corresponding figures of the
two years preceding.
operating acoonnta.
MONTHLT OROB8 AND NET KABNINQS.
The moat striking fact, however, In all exhibits of
Oross Earnings.
Net Earning!.
the Chicago & North Western is the wonderful record
OBIOAOO A
1902.
1901.
1003.
1903.
1902.
1901.
f
«
I
%
*
%
of proaperlty which the figures dlacloae. Thia feature NOHTU WEST.
First 5 niontlig..80,805,850 18,877,537 17,090.745 C,182,iae 5,811,739 6,0.36,033
has not been changed In the slightest degree by the June
4,800.431 4,018,916 3,933,638 1,628,539 1,824,954 1.315,024
4,777,9H7 4,011,704 3.014,378 1,416,218 1,205,314 1.296.018
absorption of the Trana Missouri system. On the con- July
August
4,847,964 4,828,073 4,332.688 1,424.041
1.467,813 1,732,763
trary, each new return seems to give additional em- September
5,1^4,9*8 4.666,2«8 4,800,60S 1.713,176 1,871,021 1,777,642
6,eS2,S0} 4,865,034 4,699.162 2,191,80* 1,872,868 1,857,986
The company is adding to October
phasis to that feature.
November
4,728.685 4.178,083 4,084,081 1,779,861 1,441.716 1,527,849
the total of its funded debt by reason of the construc- December.
4,«03.806 3,798,050 3,660,830 1,339.758 1.176,234 1,240,753
.
new
tion of various
extensions, thereby increasing
and furthermore
February it put out #9,226,110 new common stock, adding
correspondingly to the dividend requirements. These
dividends, it will be recalled, are now 8 per cent per
annum on the preferred stock and 7 per cent on the
common stock. Over and above the call for these dividends and all expenses and fixed charges, a surplus remained on the operations of the twelve months of
1903 in the sum of $6,140,989, this comparing with a
similar surplus of 15,667,998 on the operations of the
yearly
fixed
charges,
last
twelve months of 1902, $6,833,165 for 1901, 16,396,086 for 190O and $6,160,284 for 1899.
We
made
need hardly
tell
the reader what disposition was
Over five million dollars
($5,013,418) was appropriated by the board of directors for construction, improvements and permanent
of this large surplus.
additions to the property.
years past been
way out
making
The company has
for
many
large appropriations in this
of earnings, but the
that of every other year, as
amount
for 1903 exceeds
may be
seen from the
OHIO. & NOBTH WEST.
Mllee of road (ave'ge)
Gross earnings
Net earnings
Twelve months ending Dec. 31.
1903.
1902.
1901.
1900.
7,189
5,890
5,393
5,638
Sinking funds
Total
84,040.398 29.649,171 26,825.875 11,881,886 10,359,904 10.768,986
Total year... 64,896,248 48,026,708 45,916,020 17,614,022 16.171,648 16,789.968
It will be seen
ings for the seven
from the foregoing that gross earnmonths in 1903, with the Trans-Mis-
souri lines included, foot
up $34,040,398,
as against
$29,649,171, the aggregate for the seven months in
1902 without the added mileage, and $28,825,275 for
Net earnings are $11,381,836, as against $10,369,904 in 1902 and $10,763,936 in 1901.
1901.
THE TRUST COMPANIES IN NEW TORE
AND ELSEWHERE.
Continuing a practice begun two years ago, we
to-day on subsequent pages detailed reports
of all the trust companies, not only In New York and
Brooklyn, but also in Boston, Philadelphia and St.
Louis.
We compare the figures in each instance for
December 31 1903 with those for June 30 1903 and
those for December 31 1902.
The tables occupy
print
altogether thirteen pages, and are interesting as disseparate
company
way the trend
of affairs of
each
in the period referred to.
>
54,396,248
36.882,225
48,026,708
31,855,065
45,916,020 43,051,088
29,126,052 27,906,413
17,514,023
16,171,643
16,789,968
15,144,675
15,972,792
115,541,640
J5,816,909
*5,609,196
225,500
225,000
225,600
225,000
6,198,292
5,766,640
6.042,409
6,834.196
OhargM—
Int. (less credits)
m08
closing in a graphic
following table.
Bxpenses
Total 7
not the purpose of this article to note the
changes in the case of these separate companies, but
rather to deal with the aggregates covering them all.
General results, treating of the institutions as a whole,
It is
are obviously
set of
more conclusive than the returns
separate companies, even the largest.
analysis
we
shall take not merely
of
any
In this
the totals for
New
York City and Brooklyn, but the aggregates for the
made available by the
Superintendent of Banking at Albany and are so
much more comprehensive. Certain distinct tendencies have been observable for some time in the case
of the more prominent companies at this centre, and
entire State, since these are
Balance for stock.. ..11,315,731
Dividends
5,174,742
Surplus
New equipment, etc.
1
We
10,405,003
4,837,005
10,747,559
3,914,394
9,310,479
3,914,394
6,140,989
5,013,418
5,567,998
4,697,055
6,833,165
4.169,526
5,396,085
3,542,041
1,127,571
870,943
2,663,639
1,854,044
have allowed in 1903 for a credit of $880,767 for Income from
investments.
U In this we have Included
these tendencies find confirmation in the figures for
the whole State.
We may
proceed directly to the
point by saying that the marvelous growth in the business of the trust companies seems for the time being
and very naturally also some
to have been arrested
occurred.
With the reason, or reasons,
has
shrinkage
responsible for the change we have no concern on the
The amount appropriated for 1903 waa actually present occasion. We shall note simply the facts and
almost as large as the amount paid ont in dividends. cite the statistics indicating the contraction, and its
And after both payments a balance of $1,127,671 still extent.
remained on the operations of the twelve months. It
The falling off extends to practically all the more
Comparison with preceding periods
is through this application of available earnings for important items.
improvements, betterments and new constrnction is most favorable in the case of aggregate resources.
that the North West has been advanced to a position Here the amount for January 1 1904 is $1,042,413,admitting of the phenomenal prosperity which it is 407 surely a large figure and Indicative of the promienjoying, and a continuation of this policy is the best nent position held by the trust companies in financial
evidence that such prosperity Is not to be interrupted affairs—but comparing with $1,146,870,766 July 1
1903 and with
1
In the future.
1903, $1,039,966,625 January
As the company's fiscal year ends May 31, It seems $1,078,212,685 July 1 1902. A falling off in the last
desirable to separate the seven months since then from six months of the year is almost an invariable occurthe previous five months. Accordingly, we have pre. rence, but the loss the closing six months of 1903 was of
pared the following statement, showing the gross and much larger proportions than heretofore; and hence,
net earnings for eaoh of these seven months in 1903 notwithstanding the expansion the first six months of
$9,828 interest paid in advance of
maturity on bonds taken up and funded into 3^ per cent general
mortgage goM bonds of 1987, and have allowed for a credit of $553,435 for income from Investments.
i Includes in ;1901 $43,192 interest paid in advance of maturity on
oondB taken up and funded Into S^a per cents, and allows for a credit
of $577,080 for income from Investments.
* Includes in If 00 $103,482 interest paid in advance of maturity on
bonds taken up and funded into 3^ per cents, and allows for a credit
of $577,050 for income from investments.
—
—
Feb.
1903,
6,
THE CHRONICLE.
1904]
the yfar as a whole
progress.
But nndne
records no eubatantia'
slgnlficarce ahould not be at-
tached to this clrcninstaiice, bearing In mind how re
markable was the previous growth. The aggregate, we
have Been, still iuds considerably above one thousand
million dollars, whereas only six years ago, on January
1 1898, the
than 500 million dorars,
being then only $483,739,926, as may be seen by the
total
was
less
f ollowlr ^.
OOBBOATB BBSOUBOES OF THB TRUST
Jan,
July
Jan.
Jnly
Jan.
Jan.
Jan.
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1904
1903
1903
1902
1902
1901
1900
1899
$1,042,413,407 Jan.
Jan.
1 1,146,370,755
1,039,956,625 Jan.
1,078,212,685 Jan.
969,393,644 Jan.
797,983,513 Jan.
672,190,672 Jan.
579,205.442 Jan.
COHPAITIES OF N. T. STATE.
1. 1898
$483,789,926
1, 1897
396,742,948
1, 1896
892.630,046
1, 1895
865,419,729
1, 1894
341,466,011
335,707,780
1, 1893
1. 1892
800,765,676
1. 1891
280,688,769
Jan,
Jnly
1,
1,
Jan. 1,
Jnly 1,
Jan. 1,
Jan. 1,
Jan. 1,
Jan. 1.
545
LOANS OK COLLATERAL BT TRUST COMFAKIES.
1904
$510,928,626 Jan. 1, 1898
$230,581,708
1903
626,694.833 Jan. 1, 1897
169,894.938
1903
554,961,229 Jan. 1, 1896
169,161,348
1902
603.436.621 •Tan. 1, 1895
148.953,820
1902
540,208,706 Jan. 1, 1894
147,794,024
1901
387.911,415 Jan. 1, 1893
196,821,422
1900
328,143,588 Jan. 1, 1892
173,552,829
1899
283,402,822 Jan. 1, 1891
166,685,758
One reason why the trast companies have less money
cut on collateral is discerned in the fact that their
so-called
"stock Investments" keep close to the
max'mam, being 225
million dollars January 1 1904,
aga'nst 230 million dollars last July, 219 million dollars
January
The
1902.
1 1903
and 191 million
dollars January 1
Increase In this class of investments prob-
ably Indicates purchases of securities at
the tempt-
The tendency towards contraction is still more ingly low prices prevailing during 1903. This would
marked when attention is focused on the Item of de- appear to be particularly true In view of the fact that,
posits.
The statements from Albany now show the owing to the lower value?, a given sum represents an
securities.
Possibly, also, In a
amounts due to savings banks, to other trust com- Increased volume of
few Instances It may mean the tlelng-up of funds In
paniesj and to banks and bankers, separately.
This
unsalable securities.
has been the practice at the last three semi-annual
OF TRUST COHFANIES.
periods.
We presume that previously all these separ- Jan. 1, 1904 STOCK nrvESTVEirrs
$225,386,955 Jan, 1, 1898
$113,525,798
230,698,3S6 Jan. 1, 1897
101,983.600
ate items fell under the general head of deposits. At Jnly 1, 1903
Jan. 1, 1903
219,378.946 Jan, 1, 1896
104,512,839
218,806,131 Jan, 1, 1895
97,555,798
all events, the grand total of deposits of all kinds July 1, 1902
now
stands at only $807,162,571, against $914,769,871
July 1 1903, $833,797,867 January 1 1903, $887,001,689 July 1 1902 and $792,931,724 on January 1 1902.
Jan.
Jan.
Jan.
Jan.
1,
1,
1,
1,
1902
1901
1900
1899
190,822,966
196,852,582
168,196,642
136,561,066
Jan,
Jan.
JanJan.
1,
1,
1,
1,
1894
1893
1892
1891
65,998,230
57,185,649
51,182,239
47.180,478
another circumstance has operated to place
In other words, the line of deposits held by the trust less money at the disposal of the trust companies for
companies of this State was on January 1 1904 the collateral loans. We refer to the fact that they have
smallest for two years. It Is well enough to note that steadily and largely added to the aggregate of their
of the $807,162,671 total deposits, $744,279,272 were cash on hand and on deposit with the banks.
The
drawing Interest.
new reserve requirement of the Clearing House, which
AGOBEOATB DEPOSITS OF THB WBW YORK STATE TRUST OOUPAinES.
Induced so many of the trust companies to withdraw
Jan, 1, 1904
$807,162,571 Jan. 1, 1898
¥883,328,726
Jnly 1, 1903
914,769,871 Jan. 1, 1897
305,354,637 from Clearing House privileges, is in part, no doubt,
Jan. 1, 1903
823,797,857 Jan 1, 1896
307,851,893
July 1, 1902
887,001,689 Jan. 1, 1895
286,741.794 responsible for the larger reserves held, at least to the
Jan. 1, 1902
792,931,724 Jan. 1, 1894
266,092,955
Jan, 1, 1901
638.121,771 Jan. 1, 1893
264,295,048 extent of the augmentation of cash in their own
Jan. 1, 1900
623,541,570 Jan. 1, 1892
234,466,697
As a matter of fact, however, aggregate reJan. 1, 1899
467,184,258 Jan. 1, 1891
211,820,275 vaults.
The most striking shrinkage, however, has occurred reserves have been steadily advancing for several years
As far as the holdings of cash In their own
past.
in the case of the loans made on collaterals
the fa
vorite form of investment with the trust institutions. vaults Is concerned, the Clearing House action had
Of course, with a smaller line of deposits there was the effect of raising the amount from $10,492,236
less money to place, but the shrinkage ia the collat- January 1 1903 to $26,708,690 July 1 1903 and on
January 1 1904 the amount stood at subs' aatlally
eral loans has been out of proportion to the contrac
tion in the other Items.
As stated a year ago, it is the same figures, being $26,894,136. If we add this
possible that the term "loans on collateral" has a cash to the amount on deposit wUh the banks, we get
Still
—
broader meaning in the case of the trust companies
than in the case of the banks. It is well known that
a steadily
many
lions
rising
total,
the
amount
for
January 1
1904 footing up 152 million dollars, against 147 mil-
July 1 19G3, 138f millions January 1 1903, 129
companies were engaged In extensive
syndicate operations, and the reduction in loans might millions Ju^y 1 1902 and 121 millions January 1 1902,
mean the closing out of a good many of these syn- as more fully set out In the subjoined comparisons :
of these
dicate operations.
Stated in brief, aggregate
loauB
kind were, roughly, 511 million dollars January
1 1904, against 626^ millions last Jaly, 555 milllonB
January 1 1903, 603 millions July 1 1902, 640
millions January 1 1902 and 527 millions July 1
1901. In other words, one is obliged to go back three
of this
years to find a total as small as that
time.
We may
at
the present
contrast these figures with the loans
and deposits of our Clearing House banks, which last
week (January 30) were both reported the largest
ever reached.
Taking, however, the figures for January 2, so as to get a date close to that for the trust
companies, we find that loans and discounts of the
Clearing House banks January 2 1904 were $908,670,
600,agalnBt $876,362,100 January 3 1903,$869,646,600
January 4 1902 and
$803,989,600 January 5 1901.
Deposits of the Clearing House banks at the begin
nlng of 1904 were $886,178,900 against $873,115,000
In
1903, $926,204,100 In
1901.
1902 and $870,950,100 in
CASH ON HAND AND ON DEPOSIT BT
1, 1904
$152,286,383 Jan.
July 1, 1903
147,097.316 Jan.
Jan 1, 1903
138,659,889 Jan.
July 1, 1902
128.978,387 Jan.
Jan. 1, 1902
121,045,797 Jan.
Jan.
Jan. 1, 1901
Jan. 1, 1900
Jan. 1, 1899
The
106,702,416
81,366,288
71,734,621
STATE COMPANIES.
1898
$55,034,451
1897
54.642,344
1896
50,804,137
1895
61,206,708
1894
74,365,761
1893
35,033,016
33,932,847
1892
1891
26,564,978
N. T.
1,
Jan.
Jan.
Jan.
loans of the trust companies on personal se-
and their holdings of real estate mortgages
have also been steadily added to, and are now larger
than at any previous date.
curity
HOLDINGS OF BONDS AND UOBTOAOE8.
Jan. 1, 1904
July 1, 1903
Jan. 1, 1903
$59,.'S34,679
1902
49.32.^,064
Jan. 1, 1902
Jan. 1, 1901
Jan. 1, 1900
Jan. 1, 1899
45,483,010
40,730.576
38,143,145
34,865,023
July
1,
65,370,426
52,385.360
Jan.
Jan.
Jan,
Jan.
Jan.
Jan.
Jan.
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
LOANS ON PERSONAL SECURITY BT
Jan.
1, 1904
1, 190:<
1, 1903
$56,710,963
[53,060,425
42,233,160
July
1,
1902
48.5-i3,129
Jan. 1, 1902
Jan. 1, 1901
Jan. 1, 1900
Jan- 1, 1899
41,907,300
39,840.066
31,101.271
29,930,376
Jan,
July
1898
1897
1896
1895
1894
1893
1892
1891
N. T.
Jan, 1, 1898
Jan. 1, 1897
Jan- 1, 1896
Jan. 1, l>-95
Jan. 1, 1894
Jan. 1, 1893
Jan. 1,1892
Jan. 1, 1891
|$32,624,996
28,692,428
25,114,077
21,569,504
17,451,674
15,062,290
13,373,463
17,637,008
COMPANIES.
$31,183,292
25,788.188
29,369,703
22,791,215
22,o36,957
19,698,925
17,210,145
9,755,643
'
...
THE CHRONICLE.
546
TRUST COilPANIES AT OTUEa TOINTS.
No snoh comprehensive comparlBons as those just
made are possible in the case of the trust companies
outside of this State.
Oar summaries for the other
centres coyered by our tables (namely Philadelphia,
Boston and St. Louis) are such as we have been able
to prepare ourselves and necessarily are limited to a
few leading items. The returns In these instances are
not cast on uniform lines, nearly every company having its own distinct method of classification, making
Vol. lxxviii.
I
bring about a material set back in general trade, it
will no doubt be a surprise to be told that the increase
from the operations of United
States railroads during 1903 was the very largest of
any calendar year on record. We need hardly say
that such a statement means a good deal, for we have
had in this country a long series of years all noted for
the magnitude and extent of the improvement disin the gross receipts
The
record as to net results will
satisfactory, owing to the great augmenta-
closed in revenues.
be far less
which has been typical of the period;
but comprehensive figures in that regard will not be
available until some time in March.
We bring together at the end of this article all the
roads from which it has been possible for us to protres have been subject to thie[same conditions as cure reports of grots earnings for the calendar years
those prevailing in New York. They certainly dis- 1903 and 1902, Including a few which have not as yet
play general tendencies and characteristics like furnished their December returns, and whose figures,
general footings out of the question except as regards
those few common things treated alike by all, and
which have a definite, established meaning, such as
capital, surplus and profits, and deposits.
Evidently the trust companies at these other cen-
tion in expenses
All three cities show smaller de- therefore, cover only the eleven months of the two
The roads embrace an aggregate of 172,788
than
six
months
posits
atfo, and two of them smaller years.
deposits than twelve and eighteen months ago. Takiiig miles of road at the end of 1903 and It is significant
Boston first, deposits at the close of 1903 were only of the way ia which gross earnings have improved
$112,281,257 against $117,719,328 last June, and upon the year preceding that the amount of gain
$116,264,790.and $120,066,888, respectively, in Decem- reaches no less than 182 million dollars. We may point
ber and Jane 1902. In the following we show the out, too, that the totals in our table represent an aggregate of over 1,760 million dollars the total for
summaries back to December 31 1900.
Surplus and
Aggregate
1903 being $1,765,678,836 against only $1,573,678,987
BOSTOX.
Capital.
Profits.
Deposits.
Resources.
for 1902. Such Imposing figures serve to give an idea
Dec. 81, 1900(16co'B.)... $8,450,000
$10,286,659
$89,461,044
$108,196,703
June 80, 1901 (16co's.).
8,450,000
11,257,704
106,948,269
125,655,973
of the Importance and vast dimensions of the railroad
Dec.81, leoi (leco's.)..
9,000,000
12,294,798
107.991,782
129,286,580
those observed here.
—
.
.
i
.
June 80, 1902
Dec.81, 1902
(17 co's.).
.
10,100,000
14,141,093
(18co'8.)...
.
11,100.000
120,056,888
116,264,790
117,719,328
112,281,267
June
80, 1903 (19. co's).. 11,600,000
16,779,627
17,174,480
Dec.
81. 1903 (19 GO'S)... 13,1«0.000
18,629,864
144,297.981
146,493,758
148,010,621
Philadelphia, the results are closely similar, the
aggregate of deposits at the last four semi-annual
and 163
millions, 171 millions, 153
These
figures, as already
143,141,417
At
dates being 161
industry in this country.
millions
stated, relate to 172,788 miles of road,
embracing
the companies from which
able to obtain
reports.
we have been
The grand aggregate
all
of railroad mileage In
the United States somewhat exceeds 200,000, miles.
Allowing for the roads not represented in our com-
In the table which follows we give pilation, we should judge that the amount
of increase
the figures back to December 31 1900.
In gross earnings for the whole railroad system of the
Surplus and
Aggregate
country must have been close to. If It does not exPhiladelphia.
Capital.
Profits.
Deposits.
Resources.
millions.
Dec. 31, 1900 (40
June
co's.). .$28,399,flC5
1901 (41 GO'S.).
Dec.3l, 1901 (41 GO'S.)..
June'30, 1902 (41 co's.).
Dec. 81, 1902 (41 co'8.).
June 80, ieo3 (43 CD's)..
Dec,
30,
.
At
St.
31.927.006
.
.
.
81, 1903(43co'8)..
30,015,117
.
32,633,230
33,142,233
34,146,455
34,320,337
$27,836,841
29,636,846
33.885,857
35,306,666
$136,498,312
151,299,734
$196,493,618
214,735,897
149.137,386
163,174,463
163,151,355
218,660,249
38,196,901
171,390,409
234,802,059
227,480,117
247,867,495
39,654,877
181,231,152
£3^,817,666
37,514,328
LduIs our comparison covers a more limited
we only began last year to make up the
period, as
figures for
that point.
Through
consolidation, the
number of companies has been reduced, so "'that there
are now only eight of these institutions as against nine
previously.
Deposits December 31 1903 were $62,663,117, against $69,991,933 Jane 30 1903 and $62,-
ceed, $209,000,000.
improvement stood by Itself It would be remarkable enough. As It is, It follows successive increases
year by year, all of large magnitude, extending back
to the time of the Presidential election In 1898, when
Bryanism and the Silver Cause sustained itsslgaal defeat. We give below a summary statement showing the
yearly results back to 1894. This embraces the roads in
each year from which we were able to secure returns,
and it shows that the $182,099,849 increase in 1903
succeaded $92,884,827 increase in 1902, $143,017,081
If
this
increase in 1901, $100,915,767 increase in 1900, $101,-
910,106D3cember 31 1902. lathis case capital ha^t
316,886 increase
also been reduced, and likewise surplus and profits.
The
decrease in the latter item, as well as in the former,
follows mainly from the diminution in the number of
and $54,490,563 increase in 1897.
MiUage.
companies in buslnesg, some of those retiring having
had large totals of surplus and profits.
St.
Dec.
31,
1901 (8
Capital
co's.)... .. $13,425, flOO
June
30, 1902 (9 co's.)..
Dec.
8), 1902 (9 co's.)..
June
Dec.
..
19,928,250
ProMs.
Deposits.
$14,471,934
22,775,817
$11,339,273
55.481,562
62,910,106
69,991,934
62,563,117
20.485.300
24.t>22,243
30, 1908 (9 co's.).. .. 2P,500,COO
28,108.162
31.
1903 (8 co's.)
.
.
.
19,000,000
24,916,483
Aggre^iate
Resou/rces.
$89,829,807
88,028.319
109,167.449
117.487,496
107,464.100
RAILROAD GROSS EARNINGS FOR THE
CALENDAR TEAR.
Considering the great shrinkage in the prices of
railroad securities for which 1903 was distinguished,
&rois Marnings.
Tear
Tear
Tear
Tear
Preceding.
Given.
l^receMng
Given.
1 to Dec. 31.
Mtiet.
mies.
$
1894 (186 roads).
1895 (195 roads)
1896 (186 roads)
1897 (192 roads)
1898 (190 roads)
1890 (168 roads)
1900 (171 roads)
1901 (167 roads)
1902 (147 roads).
1903 (142 roads)
146.897
143,052
144.914
148,916
154,930
147,710
826.609.690
842,460.897
879,622.029
163,133
158,295
l.OSO.weB 033
Jan.
Surplus and
Loms.
in 1899, $77,647,719 increase in 1898
157.801
166.958
157.401
172.879
170.396
172,786
142.6'i9
153,536
152.12 i
170,549
167.641
169.203
974,466.75:^
Incrtatt
or
Deerecui.
t
937.841,629 0e.lll.241.S39
796.644.783 fne, 45.915.614
877,303 685 Inc. 2.318,894
919,976.190 Inc. 64.490,663
973,247.819 :»M!. 77.647,719
1,12S,988.916 1,027,618,030 In. 101.316.886
1,«]6,924.951 1,116,00P,184 In 100.916.767
1,496,916,406 1,352,897,605 In 143,017,801
1,548,725.882 1,449.841,006 Mc.92.884.8S7
1,756,678.838 1,673.578.987 rn. 182.069.849
«OTB.— We no Jonxer inolaae cue Mexican roaae or tne coai-mming
operataons of the anthraolte coal roads In our totals. Figures for
prevloua years have been revised in aooordanoe with this change.
We have already indicated that for the railroad
considering also the intetse depreasion in the iron system as a whole the improvement
in gross receipts
and steel trades which developed in the latter half of for the twelve months of 1903 must have been 200
the year and the numerous labor troubles that oc- million dollars over the total for the twelve months of
curred all over the country, and finally operated to 1902. On previous occasions we have computed the
Feb.
THE CHRONICLE.
6, 1904.]
547
gain for 1902 over 1901 at $106,000,000; similarly, we of the increase in the grala receipts occurred In the
estimated tlie gain in 1901 over 1900 at 1165,000,000; first six months, the deliveries for the period from
that of 1900 over 1899 at 1120,000,000; that of 1899 January 1 to June 28 having been 139,953,034 bushover 1898 at $140,000,000; that of 1898 over 1897 at els in 1903 as against 86, 129,229 bushels in 1902, show$90,000,000, and that of 1897 over 1896 at $76,000,-
seven years from 1896 to
1903 the gross earnings of the United States railroad
transportation system advanced in the prodigious sam
000.
It follows that in the
of $886,000,000.
Such
results
seem almost incredible,
but they are a simple record of the facts.
It is proper to state that the further improvement
in revenues during the more recent years has followed
In part from better freight rates realized. The higher
rates have come, firstly, as the result of the maintenance
of agreed schedules, due in a measure to the greater
harmony prevailing between competing systems (owing to consolidation and the development of the community-of-interest idea), but also to the injunctions
obtained in the courts by the Inter-Skate Commerce
Commission to compel the observance of the schedules
of charges filed with the Commission.
Besides this,
there have been distinct advances in rates in the
schedules themselves. This remark replies particularly
to the year under review.
At the beginning of 1903
qulteanumber of advances were announced; on April 1
the bituminous coal roads running to tide-water
also added another 10c. a ton to their freight tolls in
ing an increase
roughly, 54,000,000 bushels.for this
period, as against only 41,000,000 bushels for the whole
of,
fifty-two weeks.
GBAIN AND FLODK BECKIPT8 AT 8BABOABD.
1903.
bWs. 21,658,301
Flour
bush. 101,791 520
"
98,768,351
"
OatB
52,627,667
"
4,832,015
Barley....
"
3,988,704
Bye
Wheat
Corn
Total grain.... 262,008,257
1902.
21,688,882
1901.
22,528,524
1900.
21,806,668
133,619,095 157,220.962 100,770,154
26,391,620 105,497,149 188.900,191
51,225,298
71,205,793
76,858,514
4,020,941
5,329,527
10,503,076
5,680,167
3,682,418
2,823,246
220,937,121
342,935,849
379,855,181
At the Western primary markets the showing Is
much the same. There was a falling off of 33,000,000
bushels in the deliveries of wheat, but tne gains in the
other cereals were such that aggregate grain receipts
in the fifty-two weeks of 1903 were 642,123,812 bushels
the fifty-two weeks
In the years preceding the totals were:
as against 578,721,441 bushels in
of
1902.
642,742,122 bushels in 1901, 661,178,841 bushels in
1899 and 693,447,396
bushels in 1898. In this case, too, all the gain occurred In the first six months, the receipts for the
1900, 686,846,624 bushels In
twenty-six weeks to
June 28th having been 269,109,783
bushels in 1903, as against 192,993,871 bushels in the
corresponding period of 1902, the Increase here having
thus been, roughly, 76,000,000 bushels, as against only
63,000,000 bushels for the full fifty-two weeks of the
addition to the increases previously made.
Higher rates were forced upon the roads by the enhanced cost of fuel, materials and supplies, but above year. The grain receipts at the different Western
everything else by the increases In wages, which began porta are shown ia the following.
BBOBIPTI OF FLOnS AND OBAIN FOB 52 WBBK8.
on the Pennsylvania Eallroad system In November
flour,
Wheat,
Corn,
Oats,
Barley,
Rye.
1902 and later became general nearly all over the
(2m«7>.)
(bufh.)
Oush.)
(bbU.)
(bush.)
{bu»h.i
country. The augmentation in gross receipts folOhieino—
Year '03, 52 wks. 7.457.08>- 88,776.003 91,864,652 87,710,953 23,060,528 8,971,601
lowing from the better rates received and from Year '02, 52 wks. 7.476.618 37,812,453 49,892,644 78,401,040 14,8^0,473 8,163,766
mUna'Uk'.e—
the Increase In the volume of traf&c, large though Year '03, 52 wks. 3.306,320 8.836,914 3,817,880 8,287,800 17,858,900 1,003.400
2,681,370 6,887,000 13,085,400 1,137.807
Year '02, 52 wks. 8.660,092 9,780,200
such augmentation has been, was evidently not a bit
7.o«*»—
'it.
in
excess of the requirements of the situation.
the Issue of the
Ohrokiclb
of
In
January 23 1904 we
gave a statement showing that on 98 roads reporting
there had been an addition for the eleven months to
November 30 of $126,495,748 In gross attended by an
addition to net earnings of only $35,956,244.
All the
Indications point to an even less favorable showing as
when the results for the full twelve months
shall become available.
The volume of traffic must evidently have been in
to net
excess of any previous year, notwithstanding the great
and steel trade the latter part ef
the year. The shipments of merchandise and miscallaneous freight continued large almost to the year's
close, mills and factories being kept busy on old
orders.
In addition there was a decided gain in the
agricultural tonnage. In 1902, it will be remembered,
this class of tonnage was reduced by reason of the poor
collapse In the Iron
Year
Year
'03.
'02,
52 wks. 2,818,370 32,455.565
52 wks. s.eos.sit 29.673,069
52 wks.
52 wks.
DetrnitYear '03, 52 wks.
Year '02, 62 wks.
Oi»v»lanii~
Year '03, 52 wks.
Year '03. 52 wks.
Peoria—
Year '03, 52 wks.
Year '02, 52 wks.
Year
Year
'03,
'08,
Year '03, 52 wks.
Year '02, 52 wks.
Hinntavnlis—
Year 'OS, 52 wks.
Year '02, 52 wks.
Santas Oitv—
Year '03. 52 wks.
Year^02, 52 wks.
20,771,893 19,712,285
16,011,550 20,041,510
2,666,000
3,156,96V
1,317,860
68,716
31,904
176,988
312,490
917,786
3.BSC
6.728,51S
12,684.260
12,678,902
6,653,491
6,688,869
6,674,667
314,8SC
368,86C
8.299,496
3,420 438
8,613,280
2,311,966
4,018,994
4,202,090
897,034
888,940
2,391,793
8,245,511
7,577.844
5,109,651
6,852,233
7,862,682
17,413
1,041
8,440
808,BS6
1,040.746
986.400
3,709,686
21,013.950 10.866,400
18.359,189 12,144,696
2,247,700
1,591,240
867.800
305,500
4.816,40C
5,701,260
28.809,613
39,305,202
6,190,92;;
6,668,70e
1,038,060
1,006,404
8,170,167 31,6=3,478 11,868,170
3,169,766 ll,870.7a8 7,177,223
1.631,837
1,103,464
85,539.735
87,918,918
.<t8.259,''40
88,980,720
974
70,468
14.066,480
151891.600
5,131,484
1,839,635
6,606,880
8,493,lui
total of IllYear '03, 52 wks. 19,746,717 817,029,S72 176,974.162 176844863 82,873,.^49
Year '02, 52 wks. 21,295,886 260,360,307 118.151,530 157766988 44,616,965
8.408.676
7.935,666
At Chicago we have the grain movement for the
even year, and from this it appears that the receipts at
that point were 232 million bushels In 1903, against
186 million bushels in 1902, but against 245 millions
In 1901, 264 millions in 1900, and still larger amounts
(extraordlDarily poor) crop yield of 1901.
Similarly, in the years preceding.
The exact figures appear in
in 1903 the grain tonnage was again increased, owing the annexed statement.
BECBIPT8 AT CHICAOO FOR TWELVE MONTHS ENDING DEC. 31.
Takto the splendid harvest gathered In
1902.
Year.
ing first the grain receipts at the seaboard, we fine*
1888.
1908.
;889.
1902.
IflOl.
1900.
that these aggregated 262,008,257 bushels for the
bush. 2H.874.486 37,951.573 61,380.580 3S.498.898 30.971,497 86.731,446
Wheat
period from January 1 to December 26 in 1903, aa
Corn... bosh. 91.778,643 60.eis,677 84,136,54- 110.F63.456 133,774,800 1^7.425.874
against 220,937,121 bushels in 1902.
This was the in- OfttB...bnsh. 87,861.886 78,793,820 90,632,162 94.3 6.762 110,778,332 110.898,647
Rye ...busb. 8.000.849 3,169,541 3,844.324 1,973,701 2.793.462 4,935.308
crease in face of a falling off of about 32,000,000 bushels Barley.buah. 83,873,418 14,964,673 16,046.67( 17.^28.669 15.S37,425 18.116,670
In the wheat deliveries.
NotwithstandlDg the addi- Total KralD 232.783,682 186,498,18* 245.440,878 264.404,886 294,153.616 296.502.845
6.316.199
5.800,099
Flour., bbls.
7,667,624
7,286.809 10.243,917
9,302,662
tion of 41,000,000 bushels, however, to total grain
1.635
3.017
4.194
8,897
Pork....bbl8
9.824
4,681
receipts in 1903 at the seaboard, the aggregate fell Cutm'ta.lbs. 159.872.034 111.^57,981 162,157,2'^» 197.167.918 197.465.793 829,087,851
lbs. 35,793.474 41,256.866 71,484.863 60,751.945 62.924,058 65,770.659
Lard
much below the grain receipts in either 190 L or 1900, LlveboKsNo 7,«41,,364 8.3fifl.3ei 8.003.223 8.696.084 8.720.952 9.866,036
as will be seen from the following table.
Another
The foregoing, besides glviog the grain receipts, repoint should not be overlooked : more than the whole cords also the movement of provisions and of live hogs.
win be obaerred that the deliveries of hoga were half
a million head less than In 1902 and fully a million
head less than in 1901. Bat Chicago ! only one of
Taking that point
the Important live-stook markets.
and combining it with Kanaaa City, Omaha, St. Louis
and St. Joseph, it is found that the hog receipts for
the twelve months were 14,707,574 head in 1903,
against 16,449,663 head in 1902. As against the loss
It
In this item, however, the cattle receipts at the five
markets for the twelve months of 1903 were 8,680,-
361 head, against 8,101,876 head In 1902, and the
sheep receipts 8,722,966 head, against 8,496,193
The live-stock movement
as a whole, therefore,
not differ greatly in the two years.
With reference to the cotton movement in the
South, while there were variations in the different
months, the receipts for the fall year at the Southern
it
may be
said, did
but they cover
1
.
THE CHRONICLE.
648
head.
1
.
.
.
[Vol. lxxviil
all
month furnishing
the roads each
It will be
seen that while
in the first six montha the gains were very heavy, in
the last six months they gradually tapered off, the
early preliminary figures.
both in amount and
November and December.
shown
in
Gross Eaminos.
Mileage.
Period.
(76 roads)..
Febr'ary (78 roads)..
March (69 roads) «.
April (80 roads)
May (81 roads)
June
(71 roads)_....
Jnly
(75 roads)
August
(76 roads).
Sept'ber (73 roads).
October (72 roads)
November
December
(70
P.O.
Increase.
1908.
1903.
1902.
MiUs.
MUei.
96,095
06,646
95,620
101,421
101,769
06,013
07,010
98,126
00,183
00,509
86,748
89.879
03,137
»
59,886,360
55,601,618
$
64,740,827
48,912,743
63,666,498
66,631,670
69,812,310
70,028,296
61,413,330
61.980.417
dd.896,816
72,606,067
54,81 6,9H2
1908.
January
being
ratio
smallest increases
r'ds)
(71 r'ds)
94,496
93,441
99,450
09,723
08,018
96,049
06,047
83,703
88,667
81,678
87.067
68,665,69!)
61,980,981
66,411,069
68.748,368
68,739.460
57,887,078
69,114,002
68,162,910
73,406,072
60,220,608
61,868.261
»
6,116,623
e-40
6,781,906 18-86
8,031,817 14-48
8,398,980 18-67
7,462,602 11-98
7,614.435 14-08
7,414,896 11-96
6,003,99-
9-18
4,444,651
6-88
8,667,512
6-34
2,838,485
2.754,250
4-08
4-66
As concerns tHe separate roads, tJie Pennsylvania RK.,
ports were on the whole larger, being 7,669,343 bales as would be expected, again leads in amount of
for 1903, against 7,383,966 bales for 1902 and 7,311,- gain, its improvement for the twelve months aggre240 bales for 1901. The shipments overland, how- gating 116,156,700 this coming after $17,418,900 gain
ever, were greatly diminished, standing at 1,360,743 in the "year preceding.
The figures cover only the
bales for 1903, against 1,674,026 bales for 1902, 1,- lines directly operated East and West of Pittsburgh;
689,104 bales for 1901, 1,737,903 bales for 1900 and if the roads controlled but separately operated were
2,060,671 bales for 1899.
EECEIPT8 OF COTTON AT SOUTHERN POKT8 PROM JANUARY 1 TO
DECEMBER 31, IN 1903, 1902, 1901. 1900, 1899 AND 1898.
S\iU Tear.
Port*.
190S.
Qalreaton
balei
SablnsPaas &o.
MawOrleani...
Mobile
Pen*MoiA,&o
BsTannah
Bnmtwlok, &o
1901.
loot.
1000.
2,186,467 2,380,358 8,278,363 2,368,647 1,882,728 2,643,018
»38,172
181,004
175.640
187,106
838,936
173.380
168,916
1,878.898 1,881,770 1,313,427 1,148,014
171,810
188,858
340,870
1,073
408
861,217
410
830376
140.14e
PortBoral, &o
Wilmington
WaabUurton, Ao
Kortolk
Newport Newi, Ao
1808.
2,370,788 4,108,756 8,816,661 1,699.567 1,793,182 8,348,036
75.890
68,861
91,470
70,86a
168,359 18S.255
169.«n
Oharleston
1899.
171,180
2«4,2S1
183,008
279,139
109,268
381,600
189,107
184,048
924,768 1.162,769
127,068 836.874
230,438 416,764
2,688
266,103
608
6.078
45,674
821,977
1,496
604,098
83,744
886,274
224.821
380
689
860
608,984
864
488,060
464,073
•0,640
40,815
17,906
438,200
51,084
463,3d0
36,880
7.66e,84S'7,388.9e6 7.811.240 6,7e8.6«4 6,188.834 3.300,868
Total
As regards the volume of other classes of tonnage,
we get some idea of the course of trade in the shipments
of coal and coke originating oa the Pennsylvania ER.
Co. 'a lines east of Pittsburgh and Erie. These are reported at 40,537,163 tons in the year to Dee. 26
included, the result would be yet
RR. actually made a loss of 1156,700 in net. In the
following we show all changea, whether gains or
losses, on the separate roada for amounts exceeding
1100,000. It will be seen that there are only three
roads in the decrease list and these have been affected
by special causes. The Denver & Rio Grande is one
of the three, and this calls attention to the fact that the
roads in Colorado the latter half of the year suffered
severely from strikes both at the coal mines and in the
ore regions.
PBIHOIPAL OHAHOEB IH
.
Southern Pao. 8y«tem.
& O.— Total syat.
Bait.
Mo. PaolflO Air. Mt. >
Central Branch ...I
Union Paolflo System
the
first six
000.
months we computed the gain as 1115,000,-
But the best indication
the latter part of the year
table giving the
monthly
is
of the course of earnings
afforded by the following
totals.
These
figures
are
not 80 comprehensive as those in oar present return,
GROSS
BABNIN08 FOB 12 IIEONTHS.
Increases.
Pennsyl. BR. (2 r'ds) t $15,156,700 Intemat'l&Gt. Nor..
$602,784
OUo. Bupl. <fe Qulnoy
9,026,206 Ohio. Indpls. & Louis..
684,386
Lehigh Valley BB
582,394
8,837,085 Kanawha & Michigan
*688.932
Phlla.A Beading BB.t 8,335,444 Pacific Coast
"'
Vazoo A Miss. VaUey.
H.Y.Cent. &Had. R.. 7,964,454
618,920
Atoh.Top. <$i:8anta Pe. 6,513.730 Lake Erie A West
509,906
an increase of 2,714,948 tons, of which
1,862,756 tons was made in the first twenty-six weeks.
The depression in the iron and steel trades is reflected
In a diminished ore movement from the Lake Superior
reigion, the ag{;regate shipments by Lake in 1903 hav
ing been 23,649,560 gross tons, as against 27,039,169
tons in 1902, but as against 20,167,522 tons in 1901,
and but 18,670,316 tons in 1900. The anthracite coal
roads had a distinct advantage In the absence of the
coal miners' strike, which was such a disturbing
feature in 1902, and the roads in that group made
striking gains.
Speaking of the country as a whole,
winter weather conditions were much less adverse
than the previous year.
Early in June, howeve*-,
much damage resulted in Kansas City and the Southwest from very disastrous floods.
One other fact deserves to be brought out. Returns
of earnings the last half of the year were much
less favorable than the first half.
We have estimated
in
the increase
gross for the railroad system as a whole
for the full twelve months at about 1200,000,000 ; for
is
It is
by increased expenses in
the operations of the railroads generally that with this
gain of 116,166,700 in gross in 1903 the Pennsylvania
OfmadlanPaolfio
This
striking.
significant of the part played
1903, as against 37,822,206 tons In the year to Dec. 27
1902.
more
Erie
k in c oaa
5.716,239
Cent, of New Jersey...
minols Central
Louis & Ban F..
Chicago &£.imn.
Bt.
/
&
Looisyme & NaahYlUe
ETorf oik <b Western
Mloh. Cent. & Can. So.
Chesapeake A Ohio. .
Northern Paolflo
Wabash
Chic.
A Nor. Western..
MU. & St. Paul..
Olev.Cln.Chlo.A St. L.
N. Y. Ont. & Western.
Northern Central
Great Northern Sys. }
Montana Central . \
Chicago & Alton
Nash. Chat. A St. L. ..
N. Y. Chicago <t St. L.
Atlantic Coast Line. ..
& Wash
& L. Erie
Buffalo Boch. A Pitts.
Central of Georgia
Missouri Kan. & Tex..
Phil. Bait.
Pittsburgh
Gin.
5,420,903
5,067,162
4,926,401
4.858,339
$
Gr. Trunk By8.(3r'ds).
Mich. So...
L. Shore
Sonthem Bail way
Cailo.
6,299.595
6,272,020
6,228.550
8.930.600
.
N.O.&Tex. Pac.
Toledo A Ohio Central
Chic. Great Western..
Pere Marquette
N. Y. Susque. AWest..
Mobile* Ohio
Peoria A Eastern.
Minn.St.P.AS.SteM..
Southern Indiana
Alabama
Gt. S'th'n.. . .
W. Jersey & Seashore.
Chicago June. R'waya
Colorado A Southern.
Ga. South. A Pla
Kan. City Southern..
Tol. St. L.
A West
Wisconsin Central
4,479,501 Terre H. A Ind' polls . .
4,162,708 Gulf A Ship Island.. ..
3,867,878 Georgia BR
8,786,389 Detroit Southern
3,586.619 St. L. Vand. A T. H...
3,184,917 Ann Arbor
3,136,844 Bloh. Fred. A Pot
2,646,854 St. Louis Southwest. . .
2,S85,414 Oopper Range
Terre 2,369,540 Erans. A Haute
2,283,534 Bangor A Aroostook.
2,221.307 Mobile Jacks A K. C.
1,893,288
1,853,400
nnA ^.^q
i.704.»<»tf
Chic. St. P. Minn.
1,181.422
1,090,896
1,056.603
869.341
865.131
855.318
San Fran.
AG.
Lexington A Eastern
St. JoB.A Grand Isl'd..
Ft.
A Denv. City..
1,452,784 Toronto H.m. & Buff.
Atlantic
1,317.946
A Blrmlngh.
Texaa Central
1 ,309, 4 2
1,263,533 Virginia A 8 Western
1,252.900 Detroit A Mackinac...
-t
W
A No.
Pac.
Toledo Peoria A West.
Louisiana A Arkans..
Buffalo A Susquehan.
North Shore
459,171
451,140
394,257
898,599
866,600
862,777
388,679
886,786
388,857
827.738
276.722
237,49
258.715
222,928
220,121
217,961
209,789
208,340
198,023
•181,072
172,526
162,260
160,000
147,747
145.26S
144,808
•138,346
180,455
TT 130,318
189,130
127,688
123,651
121,004
115,532
115,378
107.068
105,389
860,816
Total (representing
$182,651,542
841,486
102 roads)
882.120
809.687
Decreases.
806.011
TexasA Pacific
$605,047
759,403 Minn. A St. Louis
Seaboard Air Line
156,560
761,374 Denver A Bio Grande.
Cumberland Valley...
146,687
678,457 lowaCentral
Hooking VaUey
646.284
Ala.N.O.&T.P.(8r'd8)
*622,494
Lone Island
Total (represent$908,144
ing 3 roads)...
Wheeling Lake A Erie
6 22,007
* These figures cover eleven months only.
If These figures cover ten months only.
These figures cover only lines directly operated east and we«t of
Pittsburgh and Erie. The results for the Eastern lines show an in-
Feb.
THE CHEONICLE.
1904.]
6,
BABNIMOa OF BOTTTHWBSTBBN OBOUP.
crease of $9,963,100; and for the Western lines an Increase of $5,193,600.
Railroad Company only;
t This Is for the Philadelphia & Beadlnj?
the Coal & Iron Company shows an increase of $14,952,100.
To complete our
analysis,
we annex the following
comparison for leading roads or eyatems,
arranged in groups. In this way it is possible to trace
the steady improvement in earnings from year to year,
both for the separate roads and for the groups under
which they fall.
fllz-year
ft South.
Oen.ftR.ar. i
B.Gr, W..>
1899.
1898.
t
$
1,766,493
Alabama Gt. So. S.971,086 9,576.459 2.334,802 2.0;-8,l4S 1.898,605
6,573,276 6,781,048 5,617.754
0«nt. of G^eoffrla.. 9,418,8S0 8,368.277 7.3^3.294
Otaesap.ft Ohio... 18,771.870 15,684,626 16,894,288 14,490,740 12.619,435 11.099.490
OlnJI.O.&Tex.P.
LoaliT.A Nashv..
4,986,620
6,676,930 6,811,799 5,336.104
36.814.414 633029025 689.338817 627,471,773
Mobiles Ohio... t7,785.857 t6,976,170 t8.178.406 te,014,551
Maah.Chat.& St.L •l;006967 •8,683.021 •7,681.882 •7,893,495
Norfolk & West.. 22,605,339 18,918,720 16,684.616 15,381,310
+5.3:^6,28^
Sonthern Ry..
89,476,842 25,460,973
44,04 5,364 40.177.481 36,708,637
St.IiOUlBDl.-.:!
7azoo*MliB.Yal
7,514.829
Total
•
6,996,909
6,852,809
33465240
|
5,600,162
4,825,764
•6,474,262
5,931,207
12,823,027 11,404,474
1,818.018
1,680,801
6,139,712
4,821,807
k
to
earnings, the Item haying been eliminated from both earnings and ezDenaes.
The figures for 1908, 1902. 1901 and 6 mos. of 1899-1900 are given on this basis.
BABNINGS OF TBUKK LIRB8.
1898.
P. & West
C.C.C&StL
8,992,268
3,462.951
»
^8'-35817
7.115,504
8,264,617
21,197,788
18,976.576
18,60S,646
17,402.693
15.612.828
14,688,501
Peo.&Bast
8,073,878
2,614.702
2,606,086
2,404,(j43
2,082,0 7t>
Brie
Or. Tr. Can.
47,589,837
41,669,237
41,090,900
37,273,156
36.800.409
21,609,796
1,910,014
32,808.010
19.626,316
G.Tr.West
36624,998
31,046.497
28,054,069 87646866
3,863,765
8,650,803
I
Bal.& O...
B.& 0.8.W
i
C
46318210
(
6,248.918
5.148,093
4,437,116
16,709,895
16,363.908
13.495,303
l(o.P.ftIr.Mt
43.228.416 37,507,177
86,601,094
32,292,887
20=82800
16,588,097
L. ft S. Fr
K.C.P.8.ftM.
at.
M.C.&C.S0
N,Y.C.&H+
8».872,675
5
{
1,006.644
912,218
26,466.614
28,613.916
20,753.683
31,612,000
22,230,000
30.449,392
19,045.088
18,490,274
16,730,181
16,504,062
14,046,149
79,909,415
71,941,961
69,733,476
60,584,005
52,162,047
47,010,808
alS2628804 allS668894 al018S9795
85,575,918
16,896,709
72,922,718
65,603612
16,648,9^8
13,793.507
Penn.. east
ofP.&E.
Wabash....
Total.
..
22,640,866
19,961,461
18,888,271
81563010 29,694,671
111.
I
1
Houthw
Includes Pittsburgh & Western for last six montbs only.
t Boston & Albany Included in 1903, 1902, 1901 and 1900; the Beech Creek
BR. and the Wailkill Vallev BR. for all the years, and the Fall Brook system
after 1899.
a Bufialo & Allegheny Valley Diyision included in 1908, 19J2 and 1901.
*
BABinHOS OF NOBTHWBSTBBN AMD MOBTH PAOIFIO OBODP.
1908.
1901.
1900.
1899.
1898.
«
t
t
t
16.318,956 40,180.408 84,467,700 30,467,889 29,230,037 86,138,976
8,888,078 7.477,256 7.4J8.771 6,832,019 6.389,848 6,566,511
18,688,423 46,404.839 44.888,007 41,691.59^ 10.666,636 86,0J9.734
t
Canadian Pacific
Ohla.at. West...
Ohio.Mll.&St.P.
Chic.
& North
W
<3hl.8t.P.M.40.
Dulnth 8.8.& Atl.
Sreat North. Sys.
Iowa Central
Mian.* St. Louis.
M.8t.P.&S.S.M.
North. Paolficb >
at.Paul& Dul. >
8t.Joi.dcGr. Isl..
Wlioonstn Cent'l.
te 4,896,24^ +62086708 45,628.089 42,638,433 41,437.102 87,161,015
12,055.26! 11,907,521 11196.403 10,341.068 10,488.814 9,590 998
2.728,746 2,741,049 2,548.9«7l 2,557.973 2.407.436 1,821,806
41.910.161 40,206,683 33,866,265 28,909,474 27.252.669 2463-J493
2, '471,064 8,618,201
2,896.77t- 2,226.8S« 2,894,535 8.017,937
2,971.896 3.676,043 3,472,744 2,971,168 2,806.621 8,243,838
7.376.517 6,825,377 6,600,48W 4,703,018 4,689,032 4 263,010
24,901,068 26,368.869
47,648,432 46.201,578 38,784,461 38267961
1,916,476 1,690,128
1,418,700 1,868,903 1,436,058 1,358,038 1,869.580 1.225,689
6,683,aOf 6,407.486 5,681,065 6,344,481 5,636,808 4,988,594
283,021,896 236681889 230663671 212184507 806806003 188685628
Total.
b Inoindes proprietary lines Id all the years.
g December, 1808, not yet reported; taken same as last year.
Spokane Falls & Northern included for only last six montbs of 1898.
+ Includes trans- Missouri lines from Feb. 16 to Dec. 31 in 1903 and 1902, but
4n no portion of preceding years.
BABMIHOB OF HIODLB AND MIDDI.B WB8TBBN OBOUP.
lUOS.
1908.
1901.
%
»
1,898,578
1900.
1899.
1898.
t
1,838,687
1,731,811
1,655,068
1
1,468.641
6,678,694
6,266,734
6,6d»,eC0
4,074,560
8,811.729
8,868,98
3,3»8,«07
1,406.067
1.261.451
BQft.Boota.
A Pltu
«
2,108 368
7,769,490
OhloJnd.&
Lioaisy.
6,884,440
4,760,054
4,404,860 4,189.921-
BlTaniy.&Terre H. 1,797,995
1.625.469
1,4«1,«60
Ann Arbor
1,417,819
Hocking Valley.
6,232.778 6.604.82
4,017,668 4.709,798 3.681,877 2,701,' 86
IlUnoli Central.... 47,169,887 48,242,986 89,0/8,789 34.687,703 30,095,898 i7.680,874
Lake Brie ft West. 6,209.846 4,699,840 4,688,204 4,284.780 8,787.801 3,467.379
Pare Marquette. >1 1481001 •10580416 9.201,176 8,896,111 7.368.794 6,724.839
St. li. Van. & T. H. 2,471,5S0 8.263.019 8,088.791 1,936,982 1,854,17 9 1,787,621
Tol.A Ohio Cent.. 8,882,469 2,977,141 8,763.898 9.6a8.24'- 8,044,(125 1,871.686
r979.988
Tol. Peo. ft West.
1,879,706 1,164.174 1,156,504 1,119,525 1,023.379
.
Tol.Bt.L.
Wheel,
ft
Total
•
West.
3,164,489
2,886.691
8,720.108 8.020,066
1,971,400
L. Brie..
4,481,047
8,869,040 8,196,464 8,001,604
8,487,285
ft
2,119,158
8.1H9.410
102832820 91,180,4 7 S«.67rt,816 76.448.754 65,219,464169.276^998
Inoiudes Lake Brie
ft
Detroit Blver By. in 1903 and 1908.
6,655,358
7,366,007
82,123,627
71,679,937
Texas & "Hc 18,042,612
Union Pac... )g
11,236,601
11.769,942
9,751.181
54010818 048,619,016
45,634,800
41.855.863
>
)
9,714,783
8.740.338
3,288,495
4,177,769 3,990,201
12,204,207 11,860,250
29.3)2,874 28,028,708
7,674,740 6,983,097
3,887,694
5,383,750
4.884.209
1,574,800
1,475,802
487,634
4.878,073
561.783
4,368.110
6,646,173
5,845.654
64,857,820 38,025,773
8.300,186 8,006,508
c
37,037,928
5
d
358,608,111 325,131,727 812,285,320 272.186,528 242.683,880
Total
g Length of road was reduced in July, 1903, by 662 miles on account of sale
of part of the Oregon Short Line System, and flguresfor last half of 1902
have been revised to conform to the new basis.
BAHNINGS OP ANTHBACITB COAL GROUP.
Tear.
9
Cent. N. J. t2l.066.611 » 15,999.349
L.Vai. RR.I *3 1.324.623 t22,487.638
N.Y.O.&W.
N.Y.S.&W.
Ph,& Readt
1901.
1900.
1899.
16.783,498
1
16,733,348
14,810,00)
<
12,558,241
1902,
1903.
$
1898.
27,153,864
23,049,282
22,659,161
19,742.538
6.650,466
5,057,168
6,864,026
4,838.151
4,878.932
3,877,699
2.957.000
2,124,>'80
2,706,495
8,607,351
36.847.813
87,912,369
29,473.976
2,326,108
27,137,809
24,749,877
2,328,891
22,095,159
98,646.408
73,581,304
82,071,369
73,082,698
69,706,321
60,602,088
I The totals for the years from 1898 to 1900, Inclusive, are for the twelve
30, and do not Include earnings of tde water lines or income
from investmenis; for tbe year 1901 [results are for the calendar year ending
IJeceniber 31, ano are inclusive of results for the water lines during the first
six months and Inclusive also of income from investments for tbe whole
twelvemonths. In l»o2 and 1903 flgures are for calender year and include
months to Nov.
only operations of the railroad.
+These are the earnings of the railroad company only; results of coal-mining
operations are not included in any of the years.
t Basis tor IS ^.S and "02 changed, matting figures for 1002. in the case of
Cent, RR. of N.J. $ia.99»,34t». instead of tl5,io7.rtol as previously reported,
and in the case of Lehigh Valley aR., $82,487,534 for 19a2, instead of $23,174,614 as given by us twelve months ago.
1
GROSS ISARNINOH PROM JANUARY
Roads.
Ala. Gc. Southern
&
Tex. P.Al. N.O.
New Orl. & No.
E
Alabama & Vioks
Vloksb.Shrev.&P
A'bor
Ann
Atch. Top. & 8. Fe.
Atlan. Knox & No.
Atlantic & Blrm'gh.
Atlantic Coast Line
Bait. & An. Sh. Line.
—
Baltim'reAOhio-)
Total system
Bangor & Aroost'k
Bridgron & SacoRiv
Buflf. Boch. <fe Pitts.
Buflalo
& Susq^ueh
Canadian Pacitlo
Cent of Georgia
1
TO DECEMBER 31.
1903.
1902.
2.971,086
2,576,469
394.627
2,434,018
1,225.999
1,867,431
2,108,362
66,467.610
2,133,438
1,056,144
1,191,582
1.898,573
59,953.830
602,016
1[ 156.057
ul8.658,209
•101,141
300,580
169.855
175,849
209,789
727,760
II 286,375
«19,9I6,742
*135,362
x70,880,467
64,608.433
5
...
Cent, of New Jersey
Chatt. Southern...
chea. & Ohio
Chicago & Alton...
Bar.&Qulnoy.
Chio Gt Western..
Chio.
&
Lonisv.
Chlo. Ind.
Chic. Junction Bys.
Ohio. M. <fe St. Paul.
Chlo.& North Weet.
ChlcSt.P. M.&Om.
Chlo. Term Transf
Cin.N.Ori. ATex.P.
Ll. Cin Ohlc.&St.L.
Peoria & £>i«tern.
Colo
South^irn...
&
Colnmb Newb. &L.
Copper Range
Cornwall
Cornwall & Lebanon
Cumberland Valley
Denver & Rio Qr.
Rio Gr West .. $
Detroit A Mackinac
1,921,481
74,072
*44,462
7,769,490
1,015.104
46,348,956
9,418,880
§21,066,511
118,009
18,771.370
10,961.961
66,238.880
8,328,072
5,334,440
2,437,257
48.688,423
c54,396.248
12,055,268
1.699,527
6,676,930
21,197,783
3,073,873
6,259,138
•193,761
•467,74ft
88,675
•243,063
2,026,249
17,012.239
1,759 221
68.365
•40,165
6,678,594
908,046
40,120,406
8,362,277
(15.999.349
111.648
16,634,526
9,509,167
57,262,674
7,477,256
4,750,054
2,074,480
46.404,839
C52,028.708
11,907,521
1,709,134
5,811,799
18,976.576
2,614,702
6.9i0,459
•171,699
•276,673
Inereate.
6,273,029
162,260
15,707
•4,297
1,090,896
107,058
6,228,660
1,056,603
6,067,162
6,861
3,136.844
1,452.784
9,026.206
850,816
534,386
362,777
2,283,584
£2,369,540
147,747
9,607
865.131
2,221.207
459,171
338,679
•22,062
•181,072
10,101
*14,666
98,77ti
•257,729
1,274,878
761,374
166,660
129,159
Z.37*,i65
1.723,343
"845,289
36,524,998
31.046,497
4,479,601
& M. M...
East of Mian
39,748,412
38,263,760
1.479,662
M(>ntd>na Central.
&8hip Island.
2.166,749
1,809,580
6,282,778
034,532
47,160.387
1,941,862
1,550,816
6,604,321
880,246
42,242.986
224,887
358.715
678,457
74,286
Detroit Southern z.
Dul 8. S
Atlan..
Erie
.
Kvanav. & Ind'p's..
EvanBv. AT. H
FalrohUd& No. E..
Farm v. & Powhat..
Ft.
W.
&
Denv. City
& Wyom
Ga South. & Fla...
Genessce
Georgia
.
GllaVal.QlobedcNo
1,018,350
1,574,945
2.728,745
47,589,837
a354,382
1,797,996
35,571
78,2^3
*2,89!».018
123,651
220,121
12,304
6,930,600
a21,S54
172,626
4,880
1,228
•183,346
4,056
222.928
335,786
•33,779
Gr. Trunk of Can.
Gr Trunk West.
Det.G H. AMU.
Gr*at Northern—
8t P.
.
Gii;f
H
o»lDg Valley
Huntingdon* B'dT.
Il.inoiB Central
Deer'se.
6,513,730
65.744
11130,318
1.263,533
•34,121
17,168,799
894,699
1,354,824
2,741.049
41,659,237
a333.028
1,625,469
40.451
79,511
•2,265,672
125,103
2,151,937
1,387,567
•811,510
&
Tear.
6,323,047
7,5181,928
Beilefonte Central.
1903
5.936,636
86,79!f,7e9
Ore.RR.ft N.
Oreg. Sh. li..
8
t
43.289,318 89,876,970
4,021,883
I
1
7,479,951
at.ti.
456,607,708 408,481,502 3»l,58l,869 440,189,686 302,688,446 278,641,089
Tear.
\
South'n Pac. 98,098,384
j
D.G.H.&M
i:..Sh.&M.S.
38.218,271
60.071,409 53,067,820
66196643
4,799.231
6,P6l,697
Total
1899.
1900.
4,610,802
11038,185
1898.
4,326.820
ik Memphis DlTlBlon in these rears.
Montgomery Division for 1903, 1902, 1901, 1900 and 1899.
Freight on material carried for company's own use Is no longer credited
1901.
5,145,539
16,848,622
17.679,236
4,658,994
Inoiudes Paducab
1902.
5,920,460
17,168,799
1899.
t
49,977,314
Mo. E. ft Tex
626001106 28.808.638
* Includes
1908.
6,869,138
1900.
lnt.ftat. No.
166510026 147170887 133784879 138,362,184 112340646 100380951
rear.
58,404,462
17,012,889
Col.
E.C.M.ftB.
F.W.ftR.Gr
1900.
1901.
1902:
1801.
t
t
66,467.610 59,968,880
Atch,T.&S.F.
Chicft B.
1903.
1902.
1903.
Tear.
BABNINOB OF SOUTHBBM OBODP.
Tear.
549
4.«2tf.4ni
).
-
^PHE CHRONICLE.
•>.>
nilnola Bonthem...
Iiul. 111. A Io\v»
Intern & (U. North
Iowa Ciulial
K»iiii\vUa A Mich..
Kansas ity 8outh.
L. Obaiuo. A Morlah
(
Lake
A
Krli^
Wettt'i
Shore *Mloh. 80.
Lehigh Valley KK..
h.
Lexliik'ton
.V
East.
lionif Island
Loiiii) A< Arkansas..
Louisv.
Nashv
A-
MaoOD
BlrinluKh
i\:
Maclstee \- (Jr. Rap
Manistee &No.East.
Mgrvlauit
Penn
Mloh.Cen.ACan So
ife
Southw....
Mineral Raut;e
\-
Mlun.
it t*T. lA)ui8...
Mlnn.8t.P&8.S.M.
Mo. Kan. & Texas..
Mo. Pfto Alr.Mt....
central Branch...
Mobile Jack. <fc K. C.
Mobile* Ohio
Ns.-^h.Chatt
L.
.SrSt
Nevada-Cal.Oreg
..
Nevada Central
N.
Y.Cen&Hud.K.
N.
Y.Chlc.&St.L
..
N. Y. Ont. & West'n
N. Y. & Ottawa
N. Y. Sueq. & West-
Norfolk &Wt8tern.
Northern Central
. .
Nortbem
144,7151
1,682.989
5.248,913
2.518.201
1.063.531
6.002,124
73.596
4,689,340
30.449,292
2,371.t)«;4
l,ei^.9a^
6.880.881
103,898
5.203,246
34. 6 1 -'.000
i81.:^i!4.e23
PaclticH..
North Phore (Oal.)..
Ohio Riv. & West'n.
Paoltic Coast Co
1
Inereaie.
Decr'ne.
$
9
174,782
1.61^,16»
5,8S1.697
6
2a,487,5>38
649,030
503,7H8
2)6,642.138
2)6,019,694
487,062
602,485
36,814,414
142.088
"108,948
33,029.02.^
141,73t
*110.604
337,686
104,558
280,09?
19,045,083
44.313
668.411
3,676.943
6.825.377
16,709,895
36,4i 4,077
1,093,100
206,000
6,976,170
8,688,021
38.^,735
69,981
Maristuiui'
Mlllen
1902.
1903.
7?o(i</»'.
308.347
22,230.000
49,528
572,1-76
2.971,896
7,276,517
17.579.236
41,668,416
1.555,000
365,000
7,786.857
10,005,967
197,224
*35,616
79,909,415
8.448,320
6,950,466
121,578
2,957,000
22,505,339
10,310,249
47,848,432
629,611
20^,834
*5.350,494
181.6iil
*36,208
71,944,961
7,138.899
6,0f>7,168
109,221
2,124.8S0
18,918,720
8,456,848
45,201,578
624,222
187,379
•4,811,562
9
80.067
67,820
602,781
......
146,537
682.894
328.857
30.302
509,906
4,162.708
§8,837.085
145,26V
6622.494
115,373
3,785,38P
36S
•a.. .•
*1,656
48,049
.•.«..
34,577
38,266
3,181,917
5.216
3,765
606,047
451.140
869.341
6,254.339
461,900
160,000
809,687
1,317,946
15,568
& Erie..
& Erie..
Pere Marquette J..
Phila. Bait & Wash.
Pine Bluff & Ark. R.
West
P.
"692
7,964.454
1,309.421
1,883,238
12,357
883,120
3,586,619
1,853,400
2,646.854
105,389
18,455
*638,932
Pitts. itLake Erie..
Reading Railway...
Bichm. Fred & Pot.
Bio Grande Junot'n
Bio Grande South
&
Gr. Island
St. Jos.
San Fran.
St. L.
Incl. Ch
111. S
St. Louis Southwest.
&
Bt.L.
&E
Vand.&T H.
SanFran.&No.Pao
Seaboard Air Line..
Southern Indiana...
South'n Pacific Sys.
Southern Railway..
Terre Haute & Ind
Terre Haute & Peo..
Teias Central
Texas &
Pacific..
TexasSab.V.&N.W
Toledo & Ohio Cent.
Toledo Peo. & West.
Tol. St. L.
Toion.
<fe
West...
Hum. & Bufl.
Union Pac. System.
Virginia* Southw.
Wabash
W. Jersey & 8. Shore
Wheel'g& L.Erie..
Wmsp't & No. Br'ch
Wisconsin Central..
Wriffhts V. & TenniUe
Yazoo (feMlsB. Val..
122,626,394
64,853,606
11,431,901
13,649,749
112,663,294
59,660,006
10,590,415
12,896,849
9,963,100
5,193,600
BilASt^
1,252,900
irz7,533
11,280.12^-
1125.647
f 1,886
36,247.818
*1,323,371
*560,063
490,530
1,413.706
10,098.707
27,912,369
1.117,031
*526,494
579,903
1,268,903
l,lBl,422
8,335.444
206,340
*23,569
84,553,010
29,694,671
7,479,951
2,471.580
1,843,558
12,920,940
1,166,531
92,098 384
44.045,354
2,036,231
631,412
696,82S
12,042.612
146,2g4
3,882,459
1.279,706
3,164,429
688,32i
^54,040,818
7,281,928
2,253,619
1,222,554
12,161,537
4,358,339
198.023
217,961
121,004
662,163
22,646,865
4,260.458
4,481,047
*163,099
6,683,201*
170,602
7,514,82b
767,932
85,793,789
40,177.481
1,798,740
658,321
567,698
11,236,60;
146,694
2,977.141
1,164,174
2,836,691
457,870
o48,619,9l5
534,481
19,961,451
3,^93,858
3.859,040
*140,526
6,407,486
163,114
6,995,90c
Inteioo. (of Mex )...
Mexican Centralt.
Mexican Internat'l
sale.
Latt previous sale,
Price.
228ie-229%
187»a
271
•16 Commerce, Nat. Bank of
310-212
•10 Flrsi National Bank
620
210i8
6 Fourth National Bank
10 Gallatin National Bank
395
10 Importers' &Trader8' Nat. Bk.. 594>«
2 Mechanics' Nat Bank
292
495-500
15 Park Bank, National
20 Phenlx National Bank
10638
Trust Companies— iV^ew York.
6 Central Trust Co
1980
10 Metropolitan Trust Co
625-626
Morton Trust 00
22 North American Trust Oo
1904—
1904—
1904—
.Tan. 1904July 1903—
Jan. 1904—
Jan. 1904—
Jan. 1904—
Jan. 1904—
Jan. 1904—
Dec. 1903—
230>fl
1904—
1904—
1904—
Nov. 1903—
3OOOI4
Jan.
Jan.
Jan.
Jan.
Jan.
Jaru
906
260
5.440,000
25,010,356
7,091,822
5,395,b00
1,036,161
11.188,238
March
264\
605i«
100
600
900
256
directors of the National Citizens'
Bank
of this city
7, 1904.
That the capital stock of the Citizens' National Bank be Increased
from $1,550,000 to $2,550,000 by the Issue of 10,000 additional shares
(par $100), for the purpose of acquiring the assets of the Central Na
tlonal
to be
Bank of New York, thus effecting a consolidation; the new bank
known as the Citizens' Central National Bank of New York.
The capital stock of the Central National Bank
.*>
is
|1,000,-
89,373
000 and by the plan proposed the shareholders of the two
banks will get the same amount of stock as they now hold.
'•«
Furthermore, in order that there may be absolute equality
between the shareholders of both banks, it will be arranged
"that the bank whose assets upon liquidation shall produce
the larger proportion of surplus shall be allowed to distrib-
410
ute among its stockholders of record all assets in excess of
the surplus represented by the assets of the other bank."
The circular also states: "It is believed that a large business can be done by the consolidated bank, with greater
profits to the shareholders, and that better accommodation
can be given to the former depositors and customers of both
banks." It is proposed to use the building now occupied by
the Central National Bank at 320 Broadway as the home of
the consolidated institution.
759,40 i
398,599
6,299,595
3,867,873
237,491
73,091
129,130
806,011
8*55,318
115,532
327,738
130,4 5.'i
6,420.903
127,682
2,585,414
366,600
622,007
*22,574
275,722
7,488
—It
is
reoorted that two memberships in the
New York
Stock Exchange have been transferred recently and the consideration in each case is said to have been $70,000. The last
previous reported sale was at |69,000 a week ago.
518,920
1,155,468
table.
4,923,000
21,027,461
6,543,161
5,036,400
626
220
390
608
Sold at the Stock Exchange.
—The semi-annual statement of
ance
&
the
New York
617,000
3,982.895
548,661
359,400
66,952
2,009.1411
Life Insur-
Trust Company, of which Henry Parish
dent, discloses a gratifying condition of affairs.
Not included In
180
276
212i«
are sending out to its shareholders a circular letter under
date of Feb. 5, containing the following resolutions, which
have been unanimously adopted by them. The shareholders
are asked to ratify the same at a special meeting called for
Includes proprietary roads In both years.
Includes an estimate for June, figures for that month not having
been repoited.
II These figures are for ten months only; figures for November and
December not yet reported.
a These flgares are down to Nov. 21.
b December not reported; taken same as previous year.
c The trans- Missouri lines were included In the 1903 earnings from
Feb. 16 to Dee. 31. They were not Included in the 1902 results for any
part of the year, and we have therefore made an allowance of *4,000,000 to cover the difference, reducing the reported Increase of $6,369,540 to $2,369,540.
g Length of road was reduced In July, 1903, by 562 miles on account
ot sale vi part of the Oregon Short Line system and figures for the last
six months of 1902 have been revised to conform to the new basis.
ti Includes earnings of Savannah Florida & Western for full 12
months in both years and also Florida Southern and Sanford & St.
Petersburg By. ircm April 1 to December 31 in both years.
X These figures are for the total system, including roads controlled
but not wholly owned. The Baltimore & Ohio Oompany earned for
the la months of 1803 $86,196,543, against $60,071,409 in 1902.
y These figures do not inoiude June or December.
s Includes earnings of Iron Railway Go. from July 1 in both years.
II
Fork,
20 American Exoh. Nat. Bank....
10 Central National Bank
36 City Bank, National
—The
Mexican Railway ..
Mexican Southern.
969,'209
Nai'l RR of Mexico
9.149.097
* These flgures are for eleven months only; flgares for December not
having as yet been reported.
t The Monterey & Mex. Gulf was not Included In 1902 until March 1,
and the Mexico Ouernavaoa & Pacific Rio Verde Branch, etc., not for
any part of that year; all these roads are included In 1903.
t Includes Lake Erie & Detroit River Railway.
§
Bawks— JVsw
Sharet.
*
144,603
Total (142 roads) 1,755,678,836 1,573,678,987 183,255,307
InoreaBe (11-57 p.c.)
182,099,849
Miles of road
172,788
169,203
3,585
Mexican roads—
which 36 shares were sold at the Stock Exchange
and 118 shares at aaction. The transactions in trnat company stocks, all auction sales, reach a total of 42 shares.
Two shares of Mechanics' National Bank stock were sold at
292, this price comparing with 264%' last week and 250)^
two weeks ago. Ten shares of stock of the Metropolitan
Trust Uo. were sold at 625-626, an advance of 26 points
shares, of
5
operated-
East P.
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S.
—The public sales of bank atooks this week aggregate 143
over the price paid at the last previous
Penu.RR.— Lines di
reo'ly
[Vol. lxxvui.
is
Few
Presi-
trust
companies have made gains in business during the last six
months, but this old and conservative institution is one of
the exceptions. The company's deposits in trust December
31 amounted to $28,912,408, against $26,676,027 June 30 1908,
revealing an advance of $2,236,381, while surplus and undivided profits have increased to $3,927,745. Total resources
have risen from $34,910,183 to $36,905,830 in the same period.
The statement shows cash
in
the
company's vaults
of
$3,000,000, being over 10 per cent of its deposits, besides cash
Since 1874 the company has volunIt
tarily maintained a large cash reserve in its vaults.
that the New York Life Insurance &
is well known
Trust Company accepts only private trusts, declining all
other
The institution
public trusts.
corporation or
was chartered in 1830 and has $1,000,000 capital. Besides
Mr. Henry Parish, President, the management consists of
Walter Kerr, First Vice-President; Henry Parish Jr., Second Vice-President; George M. Corning, Secretary, and
Zeger W. Van Zelm, and Irving L. Roe, Assistant
Many prominent financial interests are
Secretaries.
represented among the trustees, which include Charles
Thompson, Henry Parrish, Frederic W. Stevens,
G.
Fish,
Edmund L, Baylies, Qaorge S.
Stuyvesant
Bowdoin, Henry C. Holbert, Henry A. C. Taylor, C. O'D.
in
bank of
$1,201,058.
Feb.
6,
THE CHRONICLE.
1904.J
Iselln, W. Emlen Roosevelt, H. Van Rensselaer Kennedy,
Henry I. Barbey, John Jacob Astor, Joseph H. Choate,
Samuel Thome, John L. Cadwalader, Augustus D, Jailliard,
Henry Lewis Morris, George Q-. De Witt, Cornelius Vanderbilt, John McL. Nash, Philip Schuyler, John Claflln, Cleveland H. Dodge and F. Augustus Schermerhorn.
—Messrs. Harriman & Co., bankers, of 120 Broadway, have
opened an office for the use of their uptown clients in the
Bristol Building, 500 Fifth Avenue. The new office, fitted
with all conveniences for patrons, is in charge of Mr. Townsend Hornor and Mr. F. C. Carley. Direct wires and tick-
ers will enable visitors to keep in as close touch with the
"Street" as in the
down-town
office.
—We were officially informed
yesterday that the directors
of the McVickar Realty Trust Company and the Empire State
Trust Company have agreed to a consolidation, as announced
in these columns on December 12th. The proposition will be
submitted to the stockholders of both companies for approval at a special meeting to be called in about three weeks.
The new concern, to be known as the Empire State Trust
Company, will acquire the assets of both institutions, and
have $500,000 capital and $1,000,000 surplus. The officers
are to be Le Roy W. Baldwin, President H. W. McVickar,
W. E. G. Gaillard, Francis Burton Harrison, Duncan P.
Parmly, Vice-Presidents; H. M. Gough, Secretary; Livingston
Wetmore, Treasurer; E. M. BoUin, Assistant Secretary and
Treasurer, and E. D. McGreal, Trust Officer.
temporary
board of directors was selected from members of both executive committees. The location of the new company's permanent banking offices has not been determined. At present
the McVickar Realty Trust and the Empire State Trust
companies have each a capital stock of $500,000 and a like
;
A
551
Henderson of the Merchants' Bank, George W. SpenBank and A. D. Seymour of the Manufacturers' Bank, all of Brooklyn.
E, M.
cer of the People's
—The
Comptroller of the Currency on January 27th ap-
proved the application for a charter by the American Na-
Bank of Tampa, Fla. The institution, which is to
with a capital of $260,000, has among its incorporators
the names of Messrs. L. L. Buchanan, T. O, Knight, C. A.
Carson, M. W. Carruth and F. J. Knight.
tional
start
—The
Lincoln National Bank of this city shows $2,265,287
new deposits acquired since the previous call of the ComptroUer of the Currency. In other words, in the short time intervening between November 17 1903 and January 22 1904 the
deposits have risen
from $11,838,801
to
$14,104,088.
The
bank's capital is $300,000, its surplus and undivided profits
Total resources are $18,454,075.
$1,302,490.
Last Monday the institution distributed a quarterly dividend of 3 per
cent. The well-known executive of the Lincoln National,
General T. L, James, was formerly PostmaaterGeneral of the
United States in President Garfield's Cabinet. After Garfield's assassination General James resigned his portfolio in
President Arthur's Cabinet to take the presidency of the
bank with which he is now connected, E. V. W. Rossiter?
J. D. Layng and William A. Simonson are Vice-Presidents
Major Charles Elliot Warren is the bank's Cashier and Talcott C. Van Santvoord and David C. Grant are Assistant
Cashiers.
—
A new banking institution, to be known as the Qieens
County Trust Co,, is In process of organization in Jamaica,
N. Y., with a capital of not less than $500,000, and a charter
has been applied for to the State Banking Department. The
incorporators are: W. F. Wyckoff, Wm. M. Griffith, Frank
amount of surplus. The combined deposits are $3,530,948.
Squier, James P. Niemann, James Macbeth, John E, Backus,
—The United States Sub-Treasury at Boston has made J. S. Sherman, Edward L. Frost, Charles B. Wheeler, Robert
formal application for membership in the Boston Clearing B. Austin, Wallace A. Kroyer, Arthur S. Willdigg, William
House Association. This step has been in contemplation for J. Wheeler and Robert Valentine Matthews.
some time, and has been taken at the request of merchants of
The First National Bank of Jersey City shows some sigBoston in order to facilitate the routine of business. Approva nificant gains in its latest report to the Comptroller January
of the plan by the Treasury Department at Washington has 22. Since September 9 1903 the bank has added $1,380,223
been obtained— indeed. Secretary Shaw several weeks ago to deposits, increasing that item to $7,690,816 on the 22d
suggested such a course to the Assistant Treasurer at Boston. ult., while its total assets have grown from $8,126,937 to
—The Comptroller of the Currency on January 26 approved $9,511,641 in the same period. The surplus and undivided
the charter of a new banking institution for New York City profits are over $1,043,625. Mr. E. F, C. Young, President
to be known as the Hudson National Bank. The incorpora- of the First National for a quarter of a century, recently
tors of the new bank are Mr. William Hanhart, for 18 years celebrated his sixty-ninth birthday and thirty-nine years of
with the Emigrant Industrial Savings Bank and now Secre- continuous service with the bank. Mr. George W. Conklin,
tary of the Savings Bank Section of the American Barkers' who became Cashier in 1879, has been identified with the inAssociation; Mr. Willis S. Paine, President of the Consoli- stitution ever since 1865. During the Christmas season the
dated National Bank of New York and formerly State bank declared its semi-annual dividend of 6 per cent,
Superintendent of Banking; Mr. Eugene Van Sohaick, of
The consolidation was announced on Tuesday in the
—
I
Van Schaick
—
&
Norton, corporation lawyers at 135
Broadway; Mr. Henry P. Townsley, President of The Life
Aesociation of America; Mr, Robert J. Hoguet, President of
Messrs.
Bank of Washington Heights. The institution will commence operations with a capital of $200,000 and surplus of
$100,000, and will be located on the down-town west side of
the city; exactly what location has not yet been determined
the
npon.
—The
Street,
statement of the Nassau National Bank, 23 Court
Brooklyii, issued in response to the Comptroller's
call of January 22, denotes steady growth besides a prosperous
condition of business. In the space of four months its deposits increased $464,204, reaching $4,751,201, while surplus
and undivided profits have likewise accumulated to over
$730,062, showing a new gain of $80,508. The Nassau Nais numbered 658 in
the order of national banking associations and also a designated depositary of the United States Government. The
tional (originally Incorporated in 1859)
are
Thomas T. Barr, President William A. Nash,
Vice-President; Edgar McDonald, Cashier; John W. Seaman
and Daniel V. B. Hegeman, Assistant Cashiers.
officials
:
Boston papers of the National Webster Bank and the Atlas
National Bank, both of that city. The new institution,
which will be known as the Webster- Atlas National Bank,
will have a capital of $1,000,000, the Atlas National being
liquidated. The offices of the new institution will be in the
quarters now occupied by the Atlas National in the Sears
Building. Deposits of the new bank will be about $5,000,000.
It is stated that Mr. Jos. S. Bigelow, President of the
Atlas National, will become a Vice-President of the enlarged
institution, and that the entire board of the Atlas National
will be elected to the board of the Webster- Atlas National
Bank,
—The
Co. of Nashua, N. H.—
which closed its doors several years ago— has, it is stated,
paid another dividend to depositors on February 4, the
amount
New Hampshire Banking
this
time being 10 per cent,
This makes a total of
95 per cent paid since suspansion.
—Mr.
C. C. Barlow, late of Pf quonnock National
Bank
of
;
Bridgeport, on January 30 assumed the duties of Cashier of
the Yale National Bank of New Haven. Mr. H. W. Flint
has been made Assistant Cashier and Paying Teller.
headed by Mr. Stephen M. Griswold, Presi—Richardson & Clark, Providence, R. I., announce that
dent of the Union Bank of Brooklyn, was appointed on
Mr. Henry W. Sackett has been admitted to membership In
Wednesday by Group 7 of the New York State Bankers' Asthe firm.
sociation to report upon the feasibility of organizing a bank
—Mr. Robert Young Townaend, junior member of the firm
clearing-house for Brooklyn. The committee is to report at
the next meeting of the Association. Those composing the of De Haven & Townsend of Philadelphia, died at the Hahnecommittee are: Stephen M. Griswold, Charles T. Young of mann Hospital In Philadelphia on January 28, aged 63.
the National City Bank, George W. Chauncey of the Me—According to the Baltimore papers, Mr. Charles W.
chanics' Bank, Andrew T. Sullivan of the Nassau Trust Co., Morse of New York, has sold his interest in the Citizens'
—A committee
—
THE CHRONICLE.
552
National Bank of
Baltimore. It !• nnderstood thnt Mr.
Morse held 8,495 ebarea, part of which has been disposed of,
and that negotiations for the balance are now pending.
— Mr.
:
;
H. C. Wettengel has resigned as Cashier of the
Diamond National Bank
tion to persona] matters.
of Pittsburgh to
devote his atten-
Mr. Wettengel's resignation
be-
[Vol. Lxxviii.
adopted at this meeting. The by-laws of the company, a:
revised in 1890, have been in effect up to this time. The new
board of directors will convene in regular session on the 9th
inst. for the annual election of officers.
—A
new trust company for Nashville, Tenn., has been or'
ganized, to be known as the State Trust Co. The new Institution will have a capital of |100,000 and will do a general
March 1. He was elected a director at the
trust and savings bank business. The company has secured
annual meeting on Monday.
—The German National Bank of Cincinnati, which pur- quarters at 408 Union Street and will open for business on the
comes
effective
chased in May lafit— as stated in these columns at that time
a eite on the comer of Fourth and Vine streets, has decided
to baild a new home for the bank on that location. The contract for the erection of the strncture has been awarded, the
architects being Messrs. Rapp, Zettel & Rapp of Cincinnati.
The building, on which work is to begin In May next, will
be of gray granite; the first floor and basement will be
rented to tenants and the second and third floors occnpied
by the bank. It is expected to have the atracture completed
15th of February. Offi'jers have been elected as fellowsPresident, Edgar Magness; Vice-Presidents, J, E. McCall and
by January
$84,674
1
1905.
—The
Samuel Scoggins; Cashier, John.C. Adamson.
The suspension is announced this week of the Traders'
—
National Bank of Clarksburg,
W.
Va., owing,
it is stated, to
the fact that certain heavy loans could not be realized upon.
The Comptroller has appointed National B ink Examiner C.
W. Robinson
November
as temporary receiver. The institution on
17th had capital of $85,000, undivided profits of
and deposits of $975,699.
Guardian Trust Co. of Cleveland, which— as stated
—The Comptroller of the Currency has approved the ap12
in our issue of December
recently acquired a eite on plication of the First National Bank of Portsmouth, Va.,
Euclid Avenue for its new quarters, has decided to erect an which was recently organized with a capital of $100,000.
eight-story office building, the entire first floor and basement Among the incorporators are: Col. Robt. N. Harper, Presito be used exclusively by the trust company. Plans for the dent of the American National Bank of Washington; John
L. Watson, T, J. Wool, D. W. Todd and W. S. Langhorne.
new structure will probably be ready by April 1,
George A. Rose, formerly Cashier of the Produce Ex- The three last-named gentlemen are directors of the failed
change Banking Co. of Cleveland, who confessed to having Portsmouth Dime Savings Bank, to which reference was
embezzled 1187,000 of the bank's funds, thus causing the made in these columns last week.
—
—
institution to
suspend— as stated in our
January
imprisonment
issue of
A Prcspective New Book.— Messrs. D. Appleton & Company
of New York City will during February publish "The
in the State Penitentiary.
Modern Bank," the seventh consecutive book to appear in
—The Jackson Trust & Savings Bank of Chicago, at its the publisher's admirable " Business Series." "The Modern
annual meeting on February 1, elected Mr. John C. Fetzer as
Bank" was written by Amos K. Fiske, Associate Editor of
vice-president to succeed Mr. Louis M. Stumer, resigned.
the "New York Journal of Commerce & Commercial Bulle—The Wisconsin Fidelity Trust & Safe Deposit Co. of tin." In his book Mr. Fiske descrit)e8 the modern banking
Milwaukee announces the formal openine: to the public of methods and the way business is done in the great banking
its new safe-deposit vaults.
The vault system consists of a institutions of the present day. The new work will doubtmanganese steel burglar and mob-proof vault, a Bessemer less fill a want for an up-to-date book of reference and study
steel-lined vault for valuable parcels and boxes and a sub- in the office.
"The Modern Bank" should appeal to a wide
basement for trunk storage. The company has issued a circle of business men, inasmuch as it is claimed to be the
23d— was sentenced on Wednesday
to 10 years
neatly illustrated booklet giving a description of the vaults.
—A new banking institution, to be known as the
Bankers'
World's Fair National Bank of St. Louis, has been granted a
charter by Comptroller Ridgely. The bank, which is to have
a capital of $200,000, will, it is stated, conduct a general
banking business in the Louisiana Purchase Exposition at
St. Louis during the existence of the Fair.
Among the organizers of the new institution are Mr. W. H. Thompson,
President of the National Bank of Commerce of St. Louis
Mr. H. A. Forman, Mr. R. R. Hutchinson, Mr. C. H. Huttig
and Mr. Geo. S. Held.
representative book explaining in a comprehensive manner the workings and machinery of the present day bank.
first
—A
number of genTennessee Accountants Organize
tlemen practicing as professional public accountants in
Memphis, Nashville, Knoxville and other cities in Tennessee,
have secured a State charter for a society to be called "The
Tennessee Association of Public Accountants." The charter
will be filed at the State Capitol in the next few days, after
which there will be a meeting of the charter members, when
a constitution and by-laws will be adopted. The prospects of
—The Western National Bank of St. Louis has been passing a C. P. A. law in the State of Tennessee are now conauthorized to do business by the Comptroller of the Cur- sidered to be very good, although a bill for such a law was
rency upon application of Mr. Samuel H. Buck, of the firm defeated in a former session of the Legislature.
of Buck & Pratt of New York City, and others. The capital
stock will be |500,C00 in shares of $100 each, and connected
BANKS.
with the bank will be local St. Louis men of prominence and
The Secretary of the Treasury on February 4 sent the folinfluence and several out-of-town directors who control in- lowing letter to all the national banks holding Government
terior banks.
Those interested in the Western National deposits, notifying them of his intention to withdraw a porBank state that they have letters promising accounts of tion of these deposits as part of his plan for meeting prosabout fifty banks in Illinois, Missouri, Indian Territory and pective payments on account of the Panama Canal, &c.
Kansas. The bank will be desirably located at the corner of
Sib It seems probable ttaat the Government will be called npon In
Olive and 8th Streets, and will start under favorable auspices the near future to pay 450,000,000 preliminary to the oonstraotion of
when ready to open its doors. The officers of the Institution an interooeanlo canal. In addition to this there are outstanding ap«
will be
Col. Samuel H. Buck, President
Arthur L. Cran- proximately $6,000,000 of United States bonds, which by their terma
matured on February 1. 1904, and Congress is considering a propodall and Frank^W. Child, Vice-Presidents, and Franklin P.
sition to loan between $4,000,000 and $5,000,000 to the Louisiana
CALL ON THE DEPOSITORY
:
:
;
Jones, Cashier.
—At the regular annual meeting of stockholders of the
Mississippi Valley Trust Co. of St. Louis, the following
directors were elected to serve for a term of three years:
Murray Carleton, Auguste B. Ewing, David R. Francis,
August (Jehner, Charles H. Huttig, Robert H. Stockton and
James E Brock. Besides the above gentlemen the board is
composed
of
Elmer
B.
Adams, Charles Clark, John D. Davis,
Harrison I. Drnmmond, George H. Goddard, Samuel E.
Hoffman, Breckinridge Jones, Wm. F. Nolker, Wm. D.
Orthwein, H. Clay Pierce, Joseph Ramsey Jr. Moses Rnm,
sey, Julius 8. Walsh and
of its increased business,
RoUa Wells. To meet the demands
new by laws of the company were
Purchase Exposition. To meet [these probable demands, it will be
necessary to withdraw at least $30,000,000 from the depository
banks.
You are therefore requested to mafce immediate preparation for
the payment on demand of (20 per cent) at New York. In the
near future, possibly within ten days, you will be asked to transfer tblsamount to some one of the New York depository banks, to be used In
settlement for the oanai right of way.
If you desire to sell at once a portion of the securities now held by
the Government against your deposit, you will so inform this office,
and arrangementfi will be made for the Immediate transfer, so as ta
avoid actual withdrawals from channels of trade.
riie Department will surrender no United States bonds held as secnrity for deposits with any bank until suoh bank has withdrawn all
Slate and nouDloipal bonds now held as such security, but seourltlea
of the District of Columbia, Philippine Islands and Hawaii will be retained,
if
desired.
Please acknowledge receipt.
Respectfully,
L. M. Shaw. Secretary.
\r
Feb,
THE CHRONICLE.
1904.]
6,
BOSTON, PHILADELPHIA,
NEW
553
YORK, BROOKLYN AND ST. LOUIS.
We
furnish below complete comparative statements of the condition of all the trust companies in Boston
Tliis is in continuation of a practice begun some two years ago.
Philadelphia, Kew York and St. Louis.
The
statements occupy altogether thirteen pages.
No
one needs to be told that the trust companies have become an exceedingly important body of financial
institutions
nor yet that their operations have risen to great magnitude, and are assuming steadily increasing
prominence in the financial world. As a matter of fact the growth and expansion of these institutions has been
one of the most noteworthy features of recent times. For these reasons the compilations we present ought to
be interestmg for present study as well as useful for reference.
The dates selected for comparison are December 31 1903, June 30 1903 and December 31 1902. In the
case of the New York companies the returns are uniformly of these dates.
In the case of the Boston, the
Philadelphia and the St. Louis companies we have sought to get figures for the same dates and have quite
As, however, the fiscal periods of these companies do not all correspond with those dates,
largely succeeded.
dates are required by the State authorities, two or three of the Boston companies and
returns
for
those
and no
a number of the Philadelphia and St. Louis companies have not found it convenient to compile statistics to
December 31, but have furnished instead the latest complete figures available usually either November 30
or October 31.
;
—
Boston Companies.
ADAMS TRUST
BEsonBCES—
BOSTON SAFE DEPOSIT
CO.* (BOSTON).
Dbg. 3 1 '03. JCNb30,'03. Dec. 31, '02
$724,609
$685,826
$354,921
.
Stocks and bonds
Loans on collateral
Cash on hand
Cash on deposit
1,260,347
27,163
1,092,547
31,350
1,599,900
18,681
554,109
1,298,805
495,116
1,220,849
489,044
737,597
$3,865,033
$3,525,688
$3,200,143
$1,000,000
250,000
41,151
2,573,882
$1,000,000
250,000
41.684
2,234,004
$1,000,000
250,000
28,372
1,751,271
170,500
Other assets
Total
Liabilities—
Capital stock
Surplus fund
Undivided profits
Oen'l deposits pay. on
demand
Other Uabilltles
Total
*
$3,865,033
Opened for business October 21. 1902.
AMERICAN LOAN
$3,525,688
$3,200,143
TRUST CO. (BOSTON).
$c
RE80UKCE8 —
RaUroad and other bonds
Time loans on collateral
Jan. 1, '04.
$1,938,000
3,599,377
Demand loans on collateral... 2,521,644
Oaah on hand and in banks.
1,712,796
July
Jan.1,'03.
$1,844,078
4,626,552
3,207,722
2,113,658
$1,804,587
4,583.090
2,506,611
1,757,308
$9,771,817
$11,792,010
$10,651,596
$1,000,000
1,000,000
517,247
$1,000,000
1,000,000
442,038
$1,000,000
1,000,000
318,833
7,264,570
9,349,972
8,332,763
$9,771,817 $11,792,010
Note.—Company declared 8% on its stock In 1903 and
Bate of interest on deposits of $500 and over is 2%.
$10,651,596
7% In 1902.
Total
Total
$14,749,929
Trust department (additional) $8,527,967
$14^916,955
$8,187,878
$14,244,814
$7,968,798
$1,000,000
1,500,000
350,489
11,681,804
$1,000,000
1,500,000
470,558
18,000
11,928,397
11,394,325
Total
$14,749,929
Trust department (additional) $8,527,967
$14,916,955
$8,187,878
$14,244,814
$7,968,798
T TARTf TTTFR
Capital stock
Surplus fund
Profit
$1,000,000
1,600,000
568,125
and loss
Taxes
Deposits
RbsouecbsMassachusetts bonds
Other bonds and stocks
CoUateral cans
Personal loans
Cash on hand and in banks...
Surplus fund
Undivided profits
General deposits payable on
it^demand
Total
Dec. 31, '03. June30,'03.
$354,667
$315,000
Dec. 31.'02.
$317,625
1,605.262
4,100,965
1,513,191
2,101,654
1,198,999
3,909,439
1,774,449
1,946,686
1,476,418
3,325,619
1,382,499
1,994,272
$9,675,739
$9,144,573
$8,496,433
Deposits
$1,000,000
1,000,000
209,247
7,466,472
$1,000,000
1,000,000
169,667
6,974,906
$1,000,000
1,000,000
96,771
6,399,662
Total
$9,675,739
$9,144,573
88,496,433
1
Total
Liabilities—
Capital stock
TRUST (BOSTON).
Dec. 31, '03. June30,'03. Dec. 31, '02.
Massachusetts bonds at par...
$550,000
$550,000
$550,000
City bonds at par
240,000
240,000
240,000
Railroad bonds at par
600,000
625.000
625,000
Loans
9,479,494
10,850,483
10,227,715
Cash in office
603,176
648,377
595,396
Cashinbank8,in Boston &N.Y. 3,277,259
2,003,095
2,006,703
CITY TRUST CO.* (BOSTON).
1, '03.
.
St
RE80UBCE8—
LiabilitiesCapital stock
Surplus fund
Undivided profits
NoTB— Company allows 2% Interest per annum on balances
or over.
*
Commenced business February
of
$500
10, 1902.
COLUMBIA TRUST CO. (BOSTON).
BAY STATE TRUST CO. (BOSTON).
Jan. 8, '04. July 7, '03.
$2,665,324
$3,273,167
852.900
450,675
200,000
200,000
524,749
543,835
250,000
250,000
940,161
984,815
BeboubcesTime loans
Demand loans.
Massacbusetts bonds....
Other bonds
Eeal estate
Cash in office and banks.
Total
Jan. 5, '03.
$2,477,888
737,950
200,000
591,835
250,000
1,157,917
108
879
$5,496,982
$5,639,631
$5,415,590
$500,000
300,000
173,204
$500,000
300,000
136.814
$500,000
300,000
49,948
4,523,778
4,702,817
4,565,642
Expense
31, 1903 -City bonds, $10,000; loans, $412,292;
real estate, furniture, etc., $4,000; safe depositvaults, $7,400; cash in
office, $32,247; cash in banks, $28,941; total, $494,880.
Liabilities— Capital stock, $100,000; surplus and profits, $28,970;
deposits, $365,910; total, $494,b80.
Resoubces—Deo.
COPLEY TRUST
CO.* (BOSTON).
Deo. 31,'03. June:30,'03.
Rksotirobs——
Bonds and mortgages
Amount loaned on coUaterals
Amount loaned corporations
$12,500
287,000
240,000
6,818
18,762
Cashonhand
LiabilitiesCapital stock
Surplus fund
Earnings undivided
Deposits
Cash on deposit
Total
TjTARTT
TTTTi'H
I
$5,639,631
$5,415,590
Gen'l dep'ts, pay. on
Oct. 3 1 '03. Apb. 29,'03.
1,656,879
1,751,807
294,262
858,367
178,379
194,508
13,500
12,750
281,690
286,829
RBSOUKOESTime loans
,
Demand
loans
Stocks and bonds
Furniture and fixtures.
Cash on hand and in banks
$2,504,261
Total
$2,424,710
Liabilities-
$300,000
150,000
Capital stock
Surplus
Undivided
30,348
2,023,913
profits
Deposits
Total
Statistics fob Calendab
Gross profits for year
credited
Interest
depositors
Amount
of institution
of divldendB
32,968
24,480
32,238
26,319
same period
on company's
. .
deposits receiving interest....
Bate of interest paid on deposits
(6i«%)19.500
All.
2%
demand
of profits during the year
of interest on deposits
*
$569,636
$500,000
$300,000
10,293
19,343
40,000
4,219
20.861
40,000
Total
Note.—Amount
is
$569,636
$566,080
1903 was $26,654. Rate
2%.
Commenced business in Feb.,1903, as the "Copley Square Trust Co.',
FEDERAL TRUST CO. (BOSTON).
Resoubces—
Deo. 3 1 '03. June30,'03. Dec. 31, '02.
$244,740
$249,569
$315,^94
305,000
297,987
324,400
,
Real estate mortgages
Stocks and bonds
Loans
Cashonhand
Cash on deposit
Taxes paid
Total
LiabilitiesCapital stock
Surplus fund
Undivided
during
stock
Amount
1,971,372
$155,000
1903.
year
Expenses
$300,000
120,000
33,338
$2,424,710
1902.
$120,121
$2,504,261
Ybab—
Undivided profits
Due trust companies
BEACON TRUST CO. (BOSTON).
$665,080
!
Capital stock
$5,496,982
Total
.
$6,250
289,500
170,000
3,957
99,929
profits
Deposits intrust
Gen. dep. payable on demand.
Dividends
1,771,898
125,427
336,589
4,316
1,949,001
98,371
238,893
1,557
2,178,415
110,264
218,184
3,114
$2,878,524
$2,837,662
$3,057,533
$500,000
100,000
48,774
14,845
$500,000
100,000
37,277
20,804
2,214,377
2,178,731
$500,000
100,000
23,347
21,634
2,412,012
528
750
540
$2,878,524
$2,837,562
$3,057,533
(6%)18,000
All.
2%
Total
Company paid 4 p.
o.
on Its stock in 1903.
.
THE CHRONICLE.
554
NEW ENGLAND TRUST
INTERNATIONAL TRUST CO. (BOSTON).
RKSOI RCKS—
Dkc
Real e8tatt< luortgHges
Stocks and bonds
Loaus on collateral
LoauA on personal securities..
BanklUK house
Caeh oc hand and In banks....
Other assets
31, '03.
JUNK30.03.
Dec. 31/02.
St3(i'_>.M7
$38'J.453
Capital stock
5.4D3.098
jfSb^.OlK)
4,44<),032
3,5S2.!»92
4,257,211)
0,114.215
800.000
2,071,685
3,123,809
4,497,110
2,713,557
6,570,579
750,000
2,378,934
70,136
Surplus fund
2,{)-J7.(i70
Total
$15,932,189
Trust denartiuent (additional). $1,520,086
LIABILITIKS —
$1000,000
Capital stock
Surplus fund
3.000,000
425,8.')1
Undivided protlts
Oen. dop. payable ou demand. 11,506,333
rtOO.OOO
$1,517,403
$17,362,778
$1,544,751
$1,000,000
3,000,000
224,163
14,231,085
$1,000,000
3,000,000
13,010
13,349,768
f!18,455,248
Bonds of New England
Loans
Apr. 9. '03. Dec. 31, '02.
$112,996
$112,899
$112,524
States.
Total
Liabilities^"
Capital stock
Surplus fund
31. '03.
2.816,576
602,492
3,239.582
373,129
3,162,749
663,839
$3,531,592
$3,725,610
$3,939,584
$1,000,000
200.000
$1,000,000
200,000
204,22?
2,321,387
$1,000,000
200,000
202.601
2,536,983
Cash
24t;,552
Undivided profits
Gen. dep. payable on demand.
2,085,040
Undivided
profits
&
TRUST CO. (BOSTOM).
RE80CRCE8—
Dec. 31, '03. Jdne30,'03. Dec. 31, '02.
$46,800
$47,050
$45,800
50.fi00
50,600
53,600
Bonds
778,895
716,116
810,635
Loans on collateral
153,6o2
78.307
88,991
Loans on personal securities..
41,481
51,701
51,571
Cash on hand
153,445
121,023
157,578
Cash on deposit
8.846
2,000
3.000
Other assets
Real estate mortgages
Total
Liabilities—
Capital stock
Surplus fund
Undivided profits
Gen. dep. payhble on demand.
Other liabilities
$1,203,072
$1,125,952
$1,182,517
$100,000
40,000
11,931
$100,000
40.000
$100,000
40,000
10,511
966,945
8,496
11,641
1,028,876
2,000
$1,125,952
1903.
$16,500
16,100
4,000
825.000
$1,182,517
1902.
$14,500
15,200
4,000
725,000
1.049,141
2,000
Total
$1,203,072
Statistics for Calendab Yeah—
Interest credited depositors during year...
Expenses of Institution same period
Amount dividends on company's stock
Amount of deposits receiviL g interest
Bate of interest paid on deposits
2%
2%
MERCANTILE TRUST CO. (BOSTON).
RE80UKCE8—
Oct. 31, '03.
'
Real estate mortgages
Stocks and bonds
Loans on collateral
Loans to corporations
Cash on hand
Cash on deposit
$86,945
317,292
& ind'ls
1,829,985
535,271
109,143
405,167
Total
Liabilities —
Capital stock
Surplus fund
Undivided profits
Gen, dep. payable on demand.
Total
Apr.
Dec.31,'02.
$192,707
$235,420
312,960
283,530
9, '03.
1,730,211
704,961
162,153
229,991
1,800,000
507,630
264,100
481,200
$3,283,803
$3,332,983
$3,571,880
$500,000
300,000
$500,000
300,000
111,988
$500,000
300,000
76,124
2,420,995
2,695,756
lb,68l
2,467,122
$3,3-2,983 $3,571,880
NoTE.-The above figures are prior to the absorption of the Massachusetts Trust Co., which occurred in January of this year.
$3,283,803
NEW ENGLAND TRUST
CO. (BOSTON).
Dec 31, '03. Jcne30,'03. Dec. 31, '02.
Resources—
Real estate mortgages
Stocks and bonds
$2,885,900
5,666,379
$2,276,180
5,663,925
$2,384,761
5,069,884
10,151,232
147,725
Cash on hand and on deposit. 3,490.356
362,594
Other assets
12,039,542
146,576
4,035,900
365,034
12,370,131
119,735
4,030,484
380,684
$22,704,186
$24,527,157
$24^355,679
Loans
upon
and
collateral
personal securities
Real estate
Total
JunkHO.'O:!.
$1,000,000
1,800,000
286,928
5,455,219
$1,000,000
1,000,000
1,015.880
5,462,228
15,864.853
184,196
Deposits in trust
Gen. dep. payable on demand. 13,998, .'>97
Other liablllUes
163.444
Total
$22,704,186 $24,527,157
STATISTICS FOR CALENDAR YEAR—
1903.
Interest credited dejiositorH during year....
$314,704
Amount deposits receiving Interest
15,735,200
Rate of Interest paid on deposits
2%
DEC.;n,'02.
$1,000,000
1,000,000
913,515
5.224,547
16,050,193
167,424
$24,355,679
1902.
$344,300
17,214,996
2%
OLD COLONY TRUST CO. (BOSTON).
REsonBCES—
OCT. 31, '03. Apr. 30, '03. Oct. 31. '02.
$16,077,177 $17,084,424 $16,363,554
200,000
MassachuBctts bonds at par... 1,000,000
1,000,000
Other bonds and stocks
6,008,454
3,343,800
3,769,284
Real estate
1,175,000
1,075,000
975,000
Cashlnottioe
1,809,003
1,409,414
1,414,458
Cash in banks
5,929,362
5,956,993
6,596,351
Total
Capital stock
Surplus fund
Earnings undivided
Deposits
$30,998,986
$29,069,661
$30,118,647
$1,500,000
5,000,000
251,036
24,247,950
$1,000,000
3,000.000
1,343,099
23,726,562
$1,000,000
3,000,000
891,993
25,226,654
Total
$30,998,986
$29,069,661
$30,118,647
Note.- Company paid 12% on
stock in both 1903 and 1902.
Its
PURITAN TRUST CO. BOSTON).
(
Dec
ResourcesBonds and stocks
Loans
Bank
31, '03.
$119,597
2,406,379
13,457
30,124
14.084
1,735
1,036
Real estate.
$3,725,610
$3,939,584
$3,531,592
Total
Note— In January of this year the Massachusetts Trust Co. was
ahsorbed by the Mercantile Trust Co.
MATTAPAN DEPOSIT
CO. (BOSTON.)-Concluded.
1)EC.|31,'03.
Liabilities—
MASSACHUSETTS TRUST CO. (BOSTON).
Oct
I.iAHii.iTiKS—
Loans
...
$15,932,189 $18,455,248 $17,362,778
Total
$1,517,403
$1,544,751
Trust department (additional). $1,520,086
1902.
1903.
Statistics for Calendar Ykak—
$-192,966
$518,390
Total of pro tit 8 for year
Amount dividends on company's stock ....(16%)160.000 (16%)160,000
2%
2%
Rate of iuierest pdid ou deposits
Resodrces—
[Vol. Lxxviii.
building
Expense account.
Interest paid
Overdrafts
Cashinolfice
775
133,280
Cash
Profit
and loss
in
Profit
and
Deposits
2,686,834
13,822
29,085
2,041
3,419
$115,147
757
221
506,811
$3,227,278
$3,105,664
$3,290,484
$200,000
110,000
$200,000
80,000
382
36,069
$200,000
80,000
19,640
18,723
2,878,324
19.916
2,768,838
32,018
5,443
2,972,598
555
36
423
36
197
228
$3,227,278
$3,105,664
$3,290,484
Exchange account...
Dividends unpaid
Total
2,471,457
13,571
31,810
10,288
2,901
119,658
320,257
loss
Earnings undivided
Discount
Oct. 31, '02.
100,222
360,t61
banks
Total
LiabilitiesCapital stock
Surplus fund
June30,03.
$114 597
STATE STREET TRUST CO. (BOSTON).
ResourcesLoans
Bonds and stocks
Cash in office and banks
Oct. 3i.'03. June30,'03.
$5,035,370
$5,123,684
417,020
344,095
775,411
999,061
Oct. 31, '02.
$4,561,332
370,173
959,628
$6,243,190
*$891,477
$5,891,134
$600,000
392.5K2
$600,000
361,823
5,250,628
4,929,311
$6,451,451
Total
Trust department (additional)
$870,834
Liabilities—
$600,000
Capital stock
420,313
Surplus and undivided profits.
5,431,138
Deposits
$625,145
$6,243,190
$6,451,451
$5,891,134
Total
-$891,477
$625,145
$870,834
Trust department (additional)
Note- Interest at the rate of 2% per annum is paid on deposits of
$300 and upwards; special rates on time deposits.
* These figures are for April 9, 1903.
UNION TRUST CO. (BOSTON).
31, 1903. -Bonds and stocks, $325,167; loans,
$1,386,830; cash items, $6,828; cash in banks, $70,893; total, $1,
789.718.
Liabilities- Capital slock, $100,000; earnings undivided, $145,512;
deposits, $1,540,206; reserve for dividend, $4,000; total, $1,789,718.
Resources— Oct.
UNITED STATES TRUST CO. (BOSTON).
Dec
ResourcesStocks and bonds
Loans
Cash
Total
Liabilities—
Capital stock
Surplus fund
Undivided profits
Gen. dep. payable on demand.
31. '03
Dec
$900,538
2,401,364
584,099
June30,'03.
$931,272
2,418,787
430,689
$3,886,001
$3,780,748
$3,639,590
$200,000
400,000
$200,000
350,000
39,576
$200,000
350,000
15,262
3,191,172
3,074,328
$3,780,748
1903.
$3,639,590
1902.
10,239
3,275,762
$3,8»6,001
Total
Statistics fob Calendar Year—
Amount dividends on company's stock
Rate of interest paid on deposits
10%
2%
31, '02.
$730,551
2,409,848
499,191
10%
2%
Philadelphia Companies.
American Trast
ResourcesCash on hand
Due from banks, etc
Comm'l & other paper owned.
Loans upon collateral
,
Stocks, bonds, etc
—&
Mortgages
Real est., furniture
Other assets
fixtures
Total
ompany (Philadelphia).
Nov. 17, '03. May 29, '03. Dec. 31, '02.
(
$18,714
54,208
30,043
208,512
200,756
84,590
78,547
2,193
$10,573
44,301
18,963
$677,563
$644,591
219,
U2
183,965
87,070
78,803
1,704
$17,010
52,987
22,364
202,412
163,114
96,242
79,198
2,433
$635,760
LiabilitiesCapital stock
Undiv. profits
Deposits
Dividends
Total
&
Central Trust
Resources—
&
Sayings Co.* (Philadelphia).
Dec. 31 '03. June 30, 03,
Stock investments
Am' loaned on collaterals
Real estate
Cashonhaud
46,610
131,576
Cash on deposit
Other assets
Total
$200,000
52,3"'8
425,185
$200,000
48,937
395,654
$200,000
45,153
382,607
8,000
$677,563
$644,591
$635,760
$149,494
756,906
16,077
11.495
161,107
132,609
$1,761,462
$1,227,688
$500,000
100,000
22,984
$500,000
100,000
1,137,478
1,000
615,080
$1,761,462
$1,227,688
Liabilities—
Capitiil stock
reserve fund.
$213,363
1,328,388
41.525
Surplus fund
Undivided
profits
Gen'l deposits pay. on
Other
liabilities
Total
demand
7,608
Feb.
THE CHRONICLE.
1904.
6.
555
Equitable Trust Company (Philadelphia).
Central Trust & Savings Co.* (Philadelphia.)— Concluded.
1903.
Statistics fob Calendar Year—
Dec. 31, '03. June30,'03. Dec.31,'02,
Resources—
.(Sianios.) $22,984
Total amount of profits during year
$101,654
Real estate mortgages
$102,294
$102,566
Interest credited depositors same period
5,416 Stocks and bonds.
620,495
620,495
886,302
12,084 Loans on collateral
Expenses or Institution same period
2,649,3.'^6
3.007,159
2,560,444
none
Amount of dividends declared same period
506,258
Realestate
508,602
501,740
All
Amount deposits on which int. is allowed
578,846
Cash on hand and in banks
424,329
622,202
Rate of interest
*
Commenced
2
'-
& 3%
&
City Trust, Safe Deposit
Resources—
Total
Surety (Phila.).
Nov. 12.'02
Dec. 31, '03. June30,'03.
$82,260
$83,724
180,378
213,938
rash on hand
Due from bania, etc
Loans upon coUateral
396,144
33,676
511,505
417,078
$90,676
302,457
1,666,099
415,167
37,300
511,405
334,225
$3,048,507
$3,107,354
$3,357,329
Undivided profits
$500,000
263,306
53,219
$500,000
283,512
67,621
$500,000
291,193
114,001
Deposits
Other liabilities
2,215,088
16,894
2,242,074
14,147
2,440,418
11,717
$3^048,507
$3,107,354
$3,357,329
Stocks, bonds, etc
Total
^
1,486,014
1,361,967
333.171
33,000
521, 85
481,522
Morcgages
Real esi'e, furniture & fixtures
Other assets
IjT ABTLTTTES
153,454
174,237
189,857
$4,610,063
$4,837,116
$4,863^111
$1,000,000
200,000
58,251
3,321,794
30,018
$1,000,000
200.000
52,401
3,546,620
38,095
$1,000,000
200,000
42,557
3,590,473
30,081
$4,610,063
$1,837,116
$4,863,111
Other assets
business April 15, 1903.
1
Capital stock
Surplus and reserve fund
Total
Colonial Trust Co. (Philadelphia).
Resources— Nov. 17, 1903.— Real estate mortgages, $3,050; stocks
and bonds, $106,770; loans on collateral, $458,094 real estate, furniture and fixtures. $112,016; cash on hand and in banks, $96,083; com-
LiabilitiesCapital stock
Surplus and reserve fund
Undivided profits
General deposits
Other liabilities
Total
Note.— Company is paying 6 per cent dividends. Interest Is paid
on all deposits at the rate or 2 per cent on sight deposits and 3 per
cent on lime deposits.
Excelsior Trust & Savings Fund (Phila.).
Resources— Deo. 31,1903.— Cash on hand, $17,320; due from banks,
etc., $48,976; loans upon collateral, $110,908; stocks, bonds, etc.,
$172,436; mortgages, $203,650; real estate, furniture and fixtures,
$34,267; other a.ssets, $3,331; total, $590,888.
Liabilities— Capital stock, $150,000; undivided profits and reserve
fund, $10,126; deposits, $430,762; total, $590,888.
Fidelity Trust Co. (Philadelphia).
;
mercial and otner paper owned, $23,090; other assets, $1,979; total,
f801,082.
Liabilities -Capital stock, $250,000; undivided profits, $26,266;
general deposits, $523,928; other llabUitJes, $888; total, $801,082.
Resources—
Real estate mortgages
Stocks and bonds
Loans on collateral
Realestate
:...
Cashonhand
Columbia ATenue Trust Co.* (Phila.).
Cash on deposit
Dec. 31, '03 May 29, '03. Dec. 31, '02. Other assets
Resources-
Demand loans
$541,427)
65,222 >
447,705
258,718
180.000
311,299
306,220
Time loans
Bonds and securities
.
Mortgages
Bauking house and
Other real estate
Cash
Accrued interest-
vaults,
7,190
$486,14H
44,000
380.353
230.827
180,000
384,415
173.306
$604,368
I
400,705
278,492
180,000
348,914
278,140
23,675
>
Miscellaneous assets
8,587
I
Total
$2,117,781
$2,114,294
$1,887,630
$400,000
147,118
$400,000
lvi7,814
$400,000
111,760
1,570,663
1,567,385
19,095
1,375,870
$2,114,294
$1,887,630
1902.
114,725
29.531
45,231
1,375.870
Dec.31.'03. June30,'03. Dec.31,'02.
$2,l3i,H8
$1,617,796
$2,553,267
11,685,739
9,540,047
8,030,419
11,474,439
14,460,50{J
13,932,088
904,565
829,312
837,717
734.678
858,990
939,625
2,043,947
2,916,579
1,934,404
73,687
74,561
59,073
$28,536,851
$30,817,115
$28,286,593
$2,000,000
4,500,000
Undivided profits
1,069,622
Deposits payable on demand.. 20,895,619
71,610
Other liabilities
$2,000,000
4,500,000
794,970
23,481,069
41,076
$2,000,000
4,000,000
1,075,256
21,143,205
63,132
$28,536,851
$30,817,115
$28,286,593
Total
Liabilities—
Capital stock
Surplus fund
Total
Liabilities—
Capital stock
Undivided profits
Deposits
Miscellaneous liabilities
$2,117,781
Total..-.
Statistics for Calendar YearTotal of profits for year,
Interest credited depositors during year
Expenses
1903.
$134,563
3S,245
32,372
same
period.
1,553,163
Amount deposits receiving interest
t
Rate of inter*- St paid on deposits
* Formerly Col. Ave. S. F. 8. D., T. & Tr. Co.
notice.
1 2 per cent on call; 3 per cent on 2 weeks
of institution
etc
Loans upon collateral
Stocks, bonds, etc
vault. .
Furniture, fixtures
Real estate
Other assets
&
.
Total
Undivided
profits
Deposits subjectto check
Other
liabilities
Total
Dec.31.'03. June30,'03. Nov. 12, '02
$43,408
$54,563
$22,545
572.874
2,573,218
395,913
9,258,068
7,568,850
8,262,094
2,113,580
2,061,254
1,375,212
65,835
66,148
67,086
215,028)
215,528
628,609
402,692
156,446$
,
$10,941,909
$14,425,583
$10,751,459
$1,000,000
1,000,000
550,215
8,161,191
230,503
$1,000,000
1,000,000
473,100
11,814,065
138,418
$1,000,000
1,000,000
3y0.725
7,998,385
362,349
$10,941,909
$14,425,583
$10,751,459
$212,762
$162,844
$178,227
1,639,779
2,389,177
1,612,958
1,571,528
2,262,253
1,397,115
135,000
Cashonhand
0-65,147
Cash on deposit
424,046
276,100
444,646
177,162
790,426
172,801
$6,719,969
$6,899,957
$6,507,350
$1,000,000
1,000,000
80,365
4,597,502
42.102
$1,000,000
1,000,^00
58.712
4,789,256
51,989
$1,000,000
1,000,000
46,180
4,412.433
48,737
$6,719,969
$6,899,957
stock In 1903.
^6,507^350
Other assets
Total
Liabilities—
Capital stock paid in
Surplus and reserve fund
Undivided profits
Deposits.
Other UabEities
Total
Company paid 12 p. o. on its
Continental Title & Trust Co. (Phila.).
Dec. 31, '03. June30,'03. Dec. .^1, '02.
ResourcesReal estate mortgages
Blocks and bonds
Loans on collateral
Cash on hand and In bank
Overdrafts..
Other assets
Total
$845,= 64
432,091
1,629,957
460,785
261
441,358
$3,810,016
$705,846
429,049
$914,003
429,019
1,745,028
378,439
1,477,234
382,875
264
394
316,747
494,2<J5
"$3,752,851
>3,520,302
LiabilitiesCapital stock
Undlvi'd prof. & reserve fund.
Dividends unpaid
Deposits special
Gen. dep. payable on demand.
Deposits special settlement...
Other liabilities
Total
$500,000
174,530
49
$500,000
$.=500,000
176,5M
1,113,367
1,990,7. 3
30,800
1,095.827
1,948,964
30,561
567
686
164,943
162
983,932
1,820.764
50,140
361
262
Loans upon
collateral
Stocks, bonds, etc
Mortgages
Other assets
Undivided profits
1,722,621
2,724,146
1,539,703
128,835
Realestate
etc
Com'l and other paper owned.
Capital stock
Commonwealth Title Insurance & Trust (Phila.).
Dec. 31, '03. June30,'03. Dec 31,'02.
Resources—
Real estate mortgages
Bonds
Loans on coUateral
Mat 29. '03.
Nov. 12,'02.
$7,675
691,8-1
103,134
912,312
6,299.469
27,500
1,497
$3,195
381.767
145,000
1,004,212
478
$5,516
608,158
115,000
1,668,469
5,447,652
27,500
2,844
$8,043,468
$7,654,178
$7,875,139
$3,493,200
689,812
1.068,997
2,791,459
$3,493,200
677,811
1,366,834
2,116,333
$3,495,300
675.690
1,697,954
2,006,195
$8,043,468
$7,654,178
$7,875,139
Nov.
Total.
Liabilities—
Capital stock
Surplus and reserve fund
Cashonhand
Due from banks,
17. '03.
6,092026
27,500
Liabilities—
Commercial Trust Co. (Philadelphia).
Resources—
Cashonhand
Due from banks,
Finance Co. of Pennsylvania (Phila.).
Resources —
....$3,810,016
$3,752,851
$3,520,302
Note.— "Other assets" above include $428,053 real estate, furniture
and fixtures on Dec. 31, 1903, and $472,955 Juno 30, 1903.
& res. fund.
Deposits
Other
liabilities
Total
Frankford Real Estate, Tr.
Resources—
&
Safe Dep. (Phila.)
Dec. 31, '€3. June30,'03.
$296,045
$287,585
641,116
603,028
278,2-5
233.754
Dec. 31, '02.
8,376
40,803
24,406
66,411
5,450
41,303
21,675
64,268
9,475
22,942
23,061
89.491
500
500
600
$1,311,411
$1,302,094
$1,214,504
$125,000
35,000
27,658
$125,000
25,000
$125,000
25,000
23,584
1,120,628
3,125
1,118,508
3,125
1,037.795
$1,302,094
1903.
$14,074
26,960
10,610
6,250
1,120,628
$1,214,504
1902.
$12,434
21,296
8,798
6,250
1,037.795
Real estate mortgages
Stock and bonds.
Loans on collateral
Loans on personal securities..
Real estate
,
Cash on hand
Cash on deposit
Other assets
Total
LiabilitiesCapital stock
Surplus and reserve fund
Undivided profits
General deposits payable on
demand and time
Dividend payable
Total
$1,311,411
Statistics for Calendar Year—
Increase profit and loss for year..
Interest credited depositors during year. . .
Expenses of institution same period
Amount dividends on company's stock, 5%.
Amount deposits receiving interest
Rate of interest paid on deposits
30,461
2<te3%
German-American Title & Trust
Resources—
$259,57 5
577,447
232.013
3,l'-i5
2&3%
Co. (Phila.).
Dec. 31, '03. June30,'03. Dec. 31. '02.
$22,053
$25,564
$179,347
Cash on hand
Due from banks, etc
Loans upon collateral
109,009
879.575
483,392
288,781
255,158
31,923
89.540
797,875
457,248
342,296
3^6,654
35,494
164,376
767,125
312,717
3b8,369
383,511
31.307
$2,227,185
$2,143,671
$2,049,458
$500,000
121.511
$500,000
112..'i03
$500,000
103,627
1,594,386
11,288
1,509,808
21,360
1,434,879
10,952
Total
$2,143,071
$2,227,185
Statistics for Fiscal Year Ending Sept. 30— 1903.
106,f>01
Total of profits lor year
3^,599
Interest credited depositors during year
30,698
Expenses of Institution same period
14,994
Amount dividends on company's stock
1,363,313
Amount deposits receiving interest
2 & 3%
Rate of Interest paid on deposits
$2,049,458
1902.
Stocks, bonds, etc
Mortgages
.,
Real estate.furniture& fixtures
Otherassets
Total
Liabilities—
Capital stock
Undivided profits
Deposits
Other UabiUtles
_
& res.
fund.
94, .592
26,256
29,637
14,984
1,081,949
2&3%
THE CHRONICLE.
556
Germuntown Trnst ro.(Phna.).
RKSorRCKS—
Cash on UauJ
Duo from banks, etc
Loans upon oollat«iral
Loane upon bonds and
Dec. 31, '03. JDNK.30'03.
*94,500
$91,873
236,105
271, ."^76
2,12l.»>8rt
2,004,810
Dko
31,'02.
$83,148
256,344
l,760.5(i5
uitges.
27,.'iOO
84,9.^0
etoiks. DundB, eto
Mortgajres
Real est., furniture <&tlxtiirea.
Other assets
79H,3S7
254,486
155,843
832,664
271,936
166,742
72,020
781,989
280,536
133,101
1,132
$3,723,930
$3,679,080
$3,371,835
$600,000
496,975
$600,000
483,011
$600,000
2,626,955
2,596,069
2,310.285
$3,723,930
$3,679,080
$3,371,835
Total
Ll.VBILlTIKS—
Capital stock
& reserve fund..
Uudiv'd prof.
Deposits
Total
461,.S50
Glrard Trust Co. (Philadelphia).
RK80UBCK8—
Dec. 31,'03. June30,'0S. Deo. 31, '02.
Cash on band and
In banlcB... $4,025,312
$4,217,.^29
iei,398,837
18,009,562
10,346,488
1,829,587
12,300
$3,761,317
13,144,366
10,816,563
1,841,743
12,300
$31,775,574 $34,415,466
$29,576,289
$2,500,000
7,500,000
1,012,103
23,153,363
250,000
$2,500,000
7,500,000
824,819
18,501,470
250,000
$31,775,574 $34,415,466
$29,576,289
Loan.-*
9,208,202
2,130,923
12,300
Securities
Real estate
Other iwsets
Total
$2,500,000
7,500,000
1,008,450
20,517,124
250,000
Undivided profits
Deposits
Dividend
Total
Real estate mortgages
Stocks and bonds
$533,240
1,321,588
1,518,805
176,093
94,319
$54 2,096
1,339.975
1,362,228
179,798
83,021
224,123
6,680
255,253
7,779
1,249,737
1,358,254
180,044
91.941
122,062
7,466
Total
$3,874,848
Liabilities Capital stock
$500,000
Surplus and reserve fund.
525,000
Undivided proDts
80,507
Deposits in trust
1,374,900
General deposits payable on
demand
1,384,886
Other liabilities
9,555
$3,770,150
$3,574,926
$500,000
500,000
91,494
$500,000
450,000
90,787
1,313,676
1.189,121
1,360,662
4,318
1,339,188
5,830
Total
$3,874,848
Statistics for Calendar YearTotal of profits for year
Interest credited depositors during year
Expenses of institution same period
Amount dividends on company's stock
Amount deposits receiving interest
Rate of interest paid on deposits
$3,770,150
$3,574,926
1902.
$200,656
53,994
22,857
32,000
2,233.893
2 & 3%
Loans on collateral
Real esMte
Cash on hand
Cash on deposit
Other a«sets
Land, Title
& Trust
Resources—
Cash on hand
Due from bank8,etc
Loans upon collateral
bonds and mortgages
Cash on hand
$53,575
Due from banks, eto
694,557
Loans upon collateral
3,490.189
Loans ux)on bonds and mortgages
Stocks, bonds, eto
Mort.sages
Real estate, furniture
tures
Other assets
and
Deposits
Other
liabilities
Total
2&3%
Co. (Philadelphia).
and
3,910,220
1,252,510
469,300
968,380
331,556
5,150,796
1,230,988
$10,339,895
$9,425,631
$10,404,085
$1,000,000
1,000,000
328,768
Deposits
7,661,127
Premium on increased capital.
350,000
$1,000,000
1,000,000
204,770
6,870,861
350,000
$1,000,000
300,000
774,148
7,979,937
350,000
$9,425,631
$10,404,085
Mortgages.
Real est., furniture
Other assets
& fixtures
493,400
947,949
344,943
5,583,450
1,131,560
359,800
978,390
326,184
54,896
1,804,405
90,973
77,600
1,802.237
112,098
85,650
1,731,550
276,500
667,663
69,346
696,703
79,314
713,439
74,662
$6,925,604
$6,707,642
$7,025,422
$1,000,000
313,557
105,431
5,498.579
8,037
$1,000,000
364,209
43,902
5,290,429
9,102
$1,000,000
253,486
104,390
5,665,258
2,288
Resoubces-Nov. 17, 1903.— Cash on hand, $3,660; due from banks
and bankers, $31,810: loans upon collateral, $77,991; loans upon
bonds and mortgages, $12,261; stocks, bonds, etc., $9,800; mortgages,
etc., $198,425; real estate, furniture and fixtures, $34,851; other
$6,925,604
$6,707,642
$7,025,422
assets, $12,960; total, $381,758.
LiABiLiTiES-Capital stock, $132,000;
deposits, $214,654; total, $381,758.
Total
Liabilities—
Capital stock paid in
Surplus and reservefund
Undivided profits
Total
$10,339,895
Lincoln Sayings
Profit and loss acoonnt
Undivided profits
2,683,180
$79,774
488,207
3,575,640
Liabilities—
Capital stock
$195,068
60,494
27,504
40,000
$39,979
540,908
3,358,803
fix-
Total
1903.
$565,422
Dec. 31, '03. June30,'03. Dec. 31, '02.
$338,545
$284,951
$333,532
3,069,384
972,604
1,691,169
Stocks, bonds, etc
Guarantee Trust & Safe Deposit (Philadelphia).
Resources—
Nov. 17. '03. May 29, '03. Nov. 12, '02.
Lxxvm.
Integrity Title Ins. Trust & Safe Deposit (Phila.).
Resoukcks—
Deo. 31. '03. Junk 30,'03. Dec. 31, '02.
LL\BILITIE8—
Capital stock
Surplus fund
[Vol.
& Trust
Co. (Philadelphia).
undivided
profits, $35,104;
laaeipniaj.
ResottbcesNov. 17,'03.
Cash on hand
$68,640
Checks and due fr. hanks, etc.
77,490
Com'l and other paper owned.
247,756
Loans upon collateral
199,541
Loans ui>on bonds and mtgea.
64,700
Stocks, bonds, eto
Mortgages
Real est, furniture
Other assets
&
fixtures
Total
Mat 29, '03.
Dec. 31, '02.
$53,405
111,894
56,900
52,953
1,837
$35,146
74,240
371,528
161,255
47,500
102.361
33,500
52,442
6
$881,711
$877,978
$659,760
$188,750
25,213
667,748
$125,000
$125,000
8,230
674,748
70,000
2,505
25,262
822,610
87,227
l62',3*6"i
16,500
52,395
LlABtLITIKS—
'Capital stock
Undlv. profits
Deposits
Bills payable
& reserve fund.
Total
$881,711
$877,978
617,255
15,000
$659,760
Industrial Trust, Title & Sayings Co. (Phila.).
Rksoueces—
Dec. 31, '03. Juke 30,'03. Dec. 31, '02.
Cash on hand and due from
banks, eto
Loans upon
collateral
Ground rents
Stocks, bonds, eto
Instalment mortgages
Mortgages
Real estate, furniture and fixtures
Total
$257,806
$213,688
$218,018
1,635,650
186,500
590,579
108,358
799,226
1,824,688
191,900
578,159
93,986
822,089
1,520,762
219,550
436,552
77,550
708,291
178,010
175,005
202,397
$3,756,129
$3,899,515
$3,383,120
$350,000
390,000
39,575
14,000
$350,000
355,000
39,566
14,000
$350,000
330,000
39,172
14,000
2,962,554
3,140,949
2,649,948
$3,756,129
$3,899,515
$3,383,120
Liabilities—
Capital stock paid in
Surplus and reserve fund.
Undivided profits
Dividend
(net)
Deposits
Total
Inrestment Company (Philadelphia).
Resources—
Nov. 17, '03. Mat 29, '03. Nov. 12, '02.
Stocks, bonds, etc
Other assets
Total
$802
$2,501
73,185
273,115
1,316,848
2,444,307
346,956
105,335
45,000
1,112,957
2,139,360
251,025
$1,321
47,830
21,500
923,539
2,132,230
334,691
$4,456,912
$3,654,479
$3,461,111
$2,000,000
1,000,000
164,058
617,262
670,000
5,592
$2,000,000
1,000,000
86,147
254,777
300,000
13,555
$2,000,000
1,000,000
127,383
160,162
150,000
23,566
$4,456,912
$3,654,479
$3,461,111
Liabilities—
Capital stock
Surplus and reserve fund
Undivided profits
Deposits
Due banks and bankers
Other
liabilities
Total
ResourcesReal estate mortgages
Stocks and bonds
Judgment notes
Loans on collateral
Loans on time
Real estate
Cash on hand
Cash on deposit...,
Other assets
Co. (Philadelphia).
Dko. 31, '03. Junb30,'03. Dec. 31, '02.
$337,355
$310,545
$315,866
233,674
239,622
195,026
10,134
^
9,264
10,274
353,928
333,582
342,415
176,484
151,339
142,427
32,530
30,900
21,704
25,360
22,045
20,213
57,746
51,365
101,808
9,547
9,703
11,442
Total
$1,236,758
$1,158,365
$1,161,175
Special deposits
$250,000
90,000
2,769
821,509
558,809
$250,000
60,000
25,104
270,014
544,942
Other Uablllties
13,671
8,305
$250,000
60,000
18,566
819,884
499,435
13,290
$1,236,758
$1,158,365
$1,161,175
LiabilitiesCapital stock
Surplus fund
Undivided profits
Gen. dep. payable on demand.
Total
Merchants' Trust Co. (Philadelphia).
Resources—
Nov. 17, '03. Mat 29, '03. Nov. 12, '02.
Cash on hand
Due from banks,
eto
Loans upon collateral
Loans upon bonds and mtges.
Stocks, bonds, etc
Mortgages
Reale8tate,fiirnlture&fixture8
Otherassets
Note— Company declared 8% on stock in 1903.
Cash on hand
Due from banks, eto
Commer'l & other paper owned
Loans upon collateral
Manayunk Trust
TotaL
Liabilities—
Capital stock
Surplus and reserve fund
Undivided profits
Deposits
Total
$8,873
89,893
753,446
103,600
282,016
233,716
48,783
33,819
$7,185
116,336
932,235
103,600
221,960
234,391
49,500
46,386
$7,147
63.736
775,574
$1,554,146
$1,711,593
$1,436,392
$500,000
50,000
54,495
949,651
$499,700
50,000
51,999
$371,333
50,000
1,109,894
38,501
976,558
$1,554,146
$1,711,593
$1,436,392
Mortgage Trust Co. of Pennsylyania
Resources—
Cash on hand
Due from banks, eto
Call loans upon collateral
Loans upon bonds and mtges.
Real estate
Otherassets
Total
271,820
235,490
46,616
36,009
(Phila.).
17, '03.
May 29, '03.
$9,368
55,560
231,939
4,035,240
70,176
27,504
$5,399
99,855
205,255
4,039,121
85,709
29,156
$3,987
66,920
169.726
4,066,972
91,004
38,799
$4,429,787
$4,464,495
$4,437,408
$500,000
217,613
100,974
$500,000
213,073
116,722
3,611,200
3,634,700
$500,000
169,418
95,790
3,672,200
$4,429,787
$4,464,495
$4,437,408
Nov.
Not.
12,'02.
Liabilities—
Capital stock
Contingent fund
Deposits subject to check
Debenture bonds
TotaL
Feb.
6,
THE CHRONICLE.
1904.]
557
Phila. Trust, Safe Deposit & Ins. Co. (Phila.).
North Philadelphia Trust Co.* (Phila,).
Nov. 17, '03. Mat 29, '03. Nov. 12, '02.
RESonRCESBKSOimcES— Dec. 31, 1903.— Bonds and mortgages, $33,100; stocks
$660,550
and bonds, $60,051; amount loaned on collaterals, $160,450; amount Cash on hand
$649,376
$650,209
606,778
732,338
loaned on personal securities, $8,158; real estate, $9,026; cash on Due from banks, eto
558,951
3,968,420
4,168,342
hand, $8,386; oasli on deposit, $38,213; other assets, $8,288; total, Loans upon collateral
4,370,641
15,000
Loans upon bonds and mtges.
15,000
$325,672.
22,500
Liabilities— Capital, $150,000; <?eneral deposits payable on demand,
$171,408; other
*
liabilities,
$4,264; total, $325,672.
Commenced business May
18, 1903.
Total
Real estate mortgages
Bonds & Investm't sec. owned
Loans on collateral
Real estate
Cash
Total
Capital stock
Dec. 31, '03. JimE30,'03. Dec. 31, '02.
$755,129
$501,439
$763,979
2,036,510
2,849,549
177,559
561,144
2,125,846
2,784,610
161,789
211,553
2,079,192
2,695,879
159,319
671,303
$6,388,741
$6,038,927
$6,107,132
Liabilities—
$500,000
600,000
51,891
$500,000
675,000
13,786
2,942,915
2,790,245
$500,000
600,000
34,618
3,000,645
2,237,040
20,000
2,076,791
20,000
1,951,869
20,000
$6,388,741
$6,038,927
$6,107,132
1903.
Statistics fob Calendar Yeab—
$116,361
Interest credited depositors during year....
40,000
Amount dividends on company's stock
5,179,955
Amount deposits receiving interest...
Rate of interest paid on deposits
2% and 3%
$110,858
40,000
4,952,514
Capital stock
Surplus fund
Undivided profits
Gen. dep payable on demand.
General deposits payable on
two weeks' notice
Dividend
Total
"
Formerly the Northern Savings Fund, Safe Deposit
5,356,144
279,200
300,000
67,533
5,391,818
$11,247,268
$11,567,933
$11,572,360
$1,000,000
3,261,592
6,976,540
9,136
$1,000,000
3,169,693
7,395,040
3,200
$1,000,000
3,089,033
7,442,703
40,624
$11,247,268
$11,567,933
$11,572,360
Mortgages
Real estate.fumlture&flxtures
Other assets
1902.
2% and 3%
& Trust
Co.
Undivided
profits
A res. fund.
Deposits
Dividends unpaid
TotaL
Provident Life
Resources—
&
Trust Co. (Philadelphia).
Nov, 17, '03.
$345,047
Real estate mortgages
Stocks and Donds
6,589,412
5,700,816
30,268
141,335
850,655
Loans on collateral
Real estate
Cash on hand
Cash on deposit
$13,657,533
$49,937,208
Total
Insurance Dept. (additional)
Liabilities—
.
$1,000,000
3,250,000
741,911
Undivided profits..,.
Gen. dep. payable on demand. 8,665,622
Capital stock
Surplus and reserve fund
Mat 29. '_03.
$347,693
6,633,513
6,192,258
30,268
166,118
1,471,009
Pa. Co. for Ins. on Liyes and Granting Annuities (Phila.).
Cash on hand
Checks and other cash items..
Due from banks, &c
Commercial and other paper.
Loans upon collateral
Stocks, bonds, &o.
Mortgages
Real estate, furniture and
Other assets
flxt,
Total
Nov. 17, '03.
Mat 29, '03.
Nov, 12, '02.
$800,283
$606,535
300
$650,791
2,053
1,687,901
200.000
8,285,058
3,988,677
2,349,663
949,235
2,271,910
846
2,263,452
160,000
8,859,931
3,988,677
2,114,663
1,069,896
100,000
8,943,413
5,961,287
2,059.663
950,014
21,635
949.400
1,993,320
$20,534,780
$20,936,278
$19,757,545
$2,000,000
2,000.000
1,019,679
15,452,690
62,411
$2,000,000
2,000.000
1,061,985
15,734,095
140,198
$2,000,000
2,000,000
998,261
14,732,448
26,836
$20,534,780
$20,936,278
$19,757,545
Liabilities—
Capital stock
Surplus fund
Undivided
profits
Deposits.
Other
liabilities
Total
Fiscal
Yeab Endino Nov. 30—
1903.
PennsylTania Warehousing
Besoubcbs-
$1,224
46,817
Mat 29, '03. Nov. 12, '02.
$598
$2,813
28,254
ak tqa
4o,/BU
227,235
614,910
820.948
27,501
39,333
>
Realestate.furnlture&flxtures
TotaL
Safe Dep. (Phila.).
Nov. 17, '03.
Cash on hand
Due from banks, eto
Commercial and other paper..
Accrued storage charges
Loans upon collateral
Investment securities owned.
Other assets
&
45,963
238,434
695,746
820,948
43,637
51,141$
292,371
682,844
820,948
35,913
$1,892,769
$1,923,148
$1,767,441
$441,100
576,855
247,690
120,000
471,868
35,256
$441,100
576,855
238,372
120,000
508,842
37,979
$441,100
576,855
202,527
120,000
400,041
26,918
$1,892,769
$1,923,148
$1,767,441
LiabilitiesCapital stock
Undivided profits & res. fund.
Deposits subject to check
Bonds and mortgages payable
Bills payable,
liabilities
Other
Total
Amount deposits receiving
$1,000,000
3,175,000
702,371
9,963,488
interest
&
Trust Co. (Phila.).
Nov. 17, '03.
MAT 29, '03.
Nov. 12, '02.
$1,518
57,859
2,800
48,733
178,489
173,008
1,199.124
79,154
120,613
$2,245
75;590
2,800
62,560
255,192
173,008
1,218.080
79,938
116,919
$1,429
50,922
13.800
135,576
199,307
173,008
1,224,242
75,835
130,491
$1,861,298
$1,986,332
$2,004,610
$1,000,000
3,949
Undivided profits
14,167
Deposits
21,902
Bills payable
100,000
Company'sbonds outstanding.
640,800
Other liabUities
80,480
$1,000,000
14,540
14,092
29,484
150,000
680,700
97,516
$1,000,000
41,459
14,700
44,244
100,000
720,300
83,907
$1,986,332
$2,004,610
BESOtTRCES—
Cash on hand
Due from banks, etc
Loans upon collateral
Stocks, bonds, eto
Mortgages
Real est'e, furniture & fixtures.
Other real estate
Accrued interest account
Other assets
Total
Liabilities—
Capital stock
Surplus and contingent fund
Total
$1,861,298
$1,000,000
3,100,000
775,131
8,108,222
all.
all.
2%
2%
Real Estate Title Insurance & Trust (Phila.).
Dec. 31, '03. June 30,'03. Dec. 31, '02.
Resources—
Real estate mortgages
Stocks and bonds
$188,772
$168,883
$167,960
1,062,459
2,262,073
558,252
181,121
1,074,784
1,723,587
556,451
51,056
619,217
234,001
1,068,317
2,594,627
577,739
166,800
495,420
226,254
$5,105,895
$5,298,040
$4,398,279
$1,000,000
3 50,000
Undivided profits
73,966
Gen. dep. payable on demand. 3,643,433
38,496
Other liabiUties
$1,000,000
350,000
34,364
3,880,108
33,568
$1,000,000
250,000
78,682
3,036,047
33,550
Total
$5,105,895
$5,298,040
Statistics fob Calendar Year—
1903
Amount dividends on company's stock
$50,000
Amount deposits receiving interest
3.643,433
Rate of mterest paid on deposits
2%, 213%, 3%
$4,398,279
Loans on
collateral
Real estate
Cash on hand
Cash on deposit
Other assets
Total
Liabilitiss—
Capital stock
Surplus and reserve fund
602,630
221,811
1902
$50,000
3,036,047
2%
Eeal Estate Trust Co. of Philadelphia (Phila.)
Resources—
Dec. 31, '03. June30,'03. Deo. 31, '02.
$399,750
$23,750
$399,750
498,606
577,747
619,036
Mort'ges on improv'd property
Stocks and bonds
Loans on collateral
Real estate
Cash
Bookaooounts
Total
Liabilities—
4,740,058
1,728,721
1,858,399
301,324
4,901,432
1,693,457
1,100,257
275,437
5,080,588
1,693,457
875,930
$9,150,858
$8,948,080
$8,875,628
$1,500,000
1,380,840
6,067,240
$1,500,000
1,363,984
6,011,644
$8,948,080
$8,875,628
Capital stock
$1,500,000
Surplus and undivided profits. 1,417,453
Gen. dep. payable on demand. 6,233.405
Total
$9,150,858
Tacony Trust Co*
Resources—
Real estate mortgage
Stocks and bonds
Loans on collateral
Loans on personal securities..
Cash on hand
Cash on deposit
Other assets
Total
206,867
(Phila.).
Nov. 17, '03.
Real estate
Philadelphia Mortgage
8,527,756
2,875,104
28,722
152,034
1,051,490
$13,657,533 $14,840,859 $12,983,353
Total
Insurance Dept. (additional). $49,937,208 $48,594,373 $46,799,708
Statistics for Fiscal Year enbing Nov. 30—
1903.
1902.
Interest credited depositors during year
$183,979 $170,055
24is%
25%
Amount dividends on company's stock
1902.
$742,370 $610,566
Total profits for year
335,808
352,134
Interest credited depositors during the year
263,581
244,347
Expense of Institution for same period
400,000
Dividends on company's stock
400,000
2%
Rate of lut. on deposits (Banking Department)...
2%
(Trust Department)
2%-4%
do
2%-4%
do
Nov. 12, '02
$348,247
$14,840,859 $12,983,353
$48,594,373 $46,799,708
Rate of interest on deposits
Resoubces—
258,000
300,000
20,241
Liabilities—
Northern Trust Company* (Phila.).
Besoukces—
5,369,345
271,700
300,000
55,475
8to cks, bonds, etc
Mat
29,'03.
Dec. 31, '02.
$22,975
309,808
164,025
23,216
42,421
13,914
95,350
6,613
$25,975
307,488
281,425
10,950
42,421
14,781
56,559
6,441
$26,075
235,104
269,535
8,270
40,421
18,856
96,722
13,622
$678,322
$746,040
$708,605
$127,500
60,000
11,090
478,140
$127,500
60,000
18,357
537,905
$127,500
68,707
8,574
802,557
1,592
2,278
1,267
$746,040
$708,605
LlABnJTIES—
Capital stock
Surplus and reserve fund
Undivided profits
Deposits
Other UabUities
•
TotaL...
$678,322
Formerly Tacony Sav. Fund, Safe Dep.,
Title
& Tr.
Co.
Tradesmen's Trust Co.* (Philadelphia).
Resources—
Nov. 17,'03. Mat 29, '03. Nov.
Cash on hand
Due from banks and bankers.
Comm'l and other paper own'd
Call loans upon collateral
$23,813
127,973
88,513
93,008
189,318
311,036
213,727
5,204
$14,906
40,986
69,805
48,127
1,250
145,461
228,083
10,575
$1,247,266
$1,052,592
$559,193
$217,620
1 05,000
34,614
888,207
$125,000
105,000
27,609
794,095
888
$125,000
105,000
15,395
284,096
29,702
$1,052,592
$1,247,266
& Savings Fund.
$559,193
Stocks, bonds, eto
Mortgages
Real e8tate,furnituie& fixtures
Other assets
Total
12, '02
$49,306
69,436
158.918
150,499
201,642
435,069
174,417
7,979
LIABILITIESCapital stock
Surplus and reserve fund
Undivided
profits
Deposits
Other
1,925
liabilities
Total
Formerly Tradesmen's Trust
.
THE CHKONICLE.
558
Trust Co of North America (Pbiladelphia).
HRK8onK0K8—
Nov. 17, '03. Mav29,'03. Nov.
Cash on h mil
Due from bunks,
Total
5,938
466,3.50
2,46«,7:<7
2,500
829,5 I!)
3.000
830,318
2,241,738
3,000
."iOO
500
378,t>12
392,7.^9
754,762
2,500
389,106
3,900
1.287
3.702
$3,56^,953
$4,296,479
$3,914,312
$1,000,000
191,552
3,104.927
$1,000,000
158,022
2,756,290
2(5ti,141
LIA.BILITIKS—
C»pltal stock
Undlvld
prof.
$1,000,000
& reserve fund.
'ilS.'iOS
Deposits
2,356,690
Total
$3,569,958
Union Surety &
Resources—
CasUon hand
Due from banks,
.Vl
etc
Loans upon collateral
Loans upon bonds and mtges.
17, '03.
May 29, '03.
Nov.l2,*02.
$10,047
13.446
20,218
$11,477
$=i,256
6.793
28,264
15,197
33,174
765
1.215
145,064.
87,i 32
250,270
154,107
88,649
250,590
157,636
87,649
241,565
$526. 177
$540,645
$541,692
$250,000
105, 1h4
152,983
18.000
$250,000
104,764
185,881
$250,000
114,401
177,291
$526,177
$540,645
Stocks, bonds, etc
&
$3,914,312
$4,296,479
(i^aarauty Co.(Phlla.).
Nov.
Mortjfasjes
Real estate, farn.
Other assets
$53,154
1,98-, 517
efc
collateral
bouils ami mtj;es.
Stocks, lioiuls, eto
i....
Mortcai:>'s
Realo^t iro.fiirnltureJctlxture«
Other assets
upon
l»aU9 upon
l/0»ns
W!ft>
$55,940
flO(>,'J39
12, '02.
fixtures..
Total
Liabilities—
Capital stock
Undiv. v'rottts & reserve fund.
Deposits
Bills tlKiyable
Total
United Secnrity Life Insnrance & Trust (Phila.).
BBSOURCKSDlCO. 31, '03. JrNK30,'03. Dkc. 31,
Real estate mortgages
Stocks and bonds
$1,692,989
62,031
Loans on collateral
1,127,331
Real estate
464,561
Cash on hand and on deposit..
232,135
Other assets
123,917
Resoubces—
CsBb on hand
Due from banks, etc
Loans upon collateral
$3,702,967
$3,821,364
$3,623,335
$1,000,000
450,000
Undivided profits
137,954
Oen. dep. payable on demand.
1,168,588
Other liabilities
946,425
$1,000,000
400,000
164.387
1,160,291
1,096,686
$1,000,000
400,000
139,428
1,049,502
1,034,405
Total
$3,702,967
$3,821,364
Statistics for Calendar Year—
1903.
Interest credited depositors during year ...
30,208
Amount dividends on company's stock
50,000
Amount deposits receiving interest
1,168,588
Rate of interest paid on deposits
2 <fe 3%
$3,623,335
1902.
23,487
50,000
1,049,502
2 & 3%
Total
LlAllILITIES —
Capital stock
Surnlu-* fund
West End Trast Company
ResourcesCash on hand
Due from
banks, etc
Commercial and other paper
owned.
Loans upon oollater'l and upon
bonds and mortgages
Investments, stocks and bonds
Mortgages
(Pliiladelphia).
Dec. 31, '03 JuNEao,'03 Dbo.31.'02.
$74,647
$81,629
$76,511
159,159
226,082
323,676
1,017
Rpal estate, furnit're&flxt'reOther assets
Total
LiabilitiesCapital stock
Surplus and reserve fund
profits
Deposits
Mortgages
Real est., furniture
Other real estate
Other assets
Mat 29, '03.
Nov, 12, '02.
$48,399
$46,994
.52,695
95,0.'>7
923,374
615,043
131,861
308,077
374,259
40,414
1,009,668
524,892
126,112
308,077
389,082
49,42u
$55,573
158.816
857,502
383,350
115,945
306,546
580,610
39,196
$2,494,122
$2,549,302
$2,497,538
& fixtures.
Total
the rate of 2 and
Real estate mortgages
Stocks and bonds.
Loans on collateral
Loans on personal securities..
Real estate
Cash on hand
Cash on deposit
Other assets
Total
$500,090
50,000
22,643
Undivided
Deposits
Other
profits
.-
liabilities
Total
$500,000
50,00«
6,738
1,978,554
14,010
1,724,222
$2,494,122
$2,549,302
$2,497,538
American Central Trust Company*
Resources—
Sept. 9, '03.
Real estate loans
Stocks and bonds
3,lii9
(St. Louis).
Dec. 3l,'02.
$375,500
17,500
$3,364,718
$3,300,319
$3,075,250
$1,000,000
500,000
49,540
1,815,178
$1,000,000
500,000
47,764
1,752,555
$1,000,000
500,000
44.517
1,526,214
4,519
2,425,061
39,220
290,6fi7
241,-01
2,169,104
3S,777
233.457
21,711
Liabilities—
Capital stock
Surplus fund
Undivided profits
Deposits
Treasurer's checks outstand'g
Total
$3,364,718
$3,300,319
Capital stock paid in
Surplus and reserve fund
Undivided profits
General deposits
$3,075,250
10, 1902.
Colonial Trust Company* (St. Louis].
Resources—
Dec. 31, '03. Feb. 28.'03. Dec.31,'02.
Loans.
Stocks and bonds
Colonial Trust building
Furniture and fixtures
;=5
*i
w?
* gm
.
Cash on hand and
in
bank
..
^§i
Safety deposit vaults
aS
$2,876,640
409,867
642.332
20,H76
15,762
18.465
$2,711,882
394,725
647,870
20,676
499,405
*4,133,742
$4,274,553
$1,? 00,000
1.033,136
$1,500,000
1,500,000
72,873
30,000
1,171,685
$4,133,742
$4,274,558
>>!.-
Total
Liabilities—
Capital stock paid In
Surplus
Undivided profits ...
Dividends iinpail
Deposits
=r*^
Commercial business
430
a:*^
Total
*
1,500,000
100,176
in January, 1902.
Commonyrealih Trust Compaay*
Resources—
Jan. 19, '04.
$8,4iO,574
Loans
Bonds and stocks
1,562 474
Real estate
700,000
42,837
•Other assets
2,042,52 i
Cash In vaults & depositories
.
Total
$12,788,408
(St. Louis).
Dec. 31, '03. June30,'03$6,726,446
$7,212,601
1,553.424
639,552
700,000
1,395.569
52,782
29,5^7
1,468,071
767,533
$10,500,723
27,558
707.293
20,317
$4,967,015
$5,112,179
$4,758,912
$1,000,000
875,000
33,330
3,058,685
$1,000,000
825,000
48,567
3,238,612
$1,000,000
775,000
56,459
2,927,453
3%
Dec. 31, '03.
$572,952
35,626
1,810,039
June30,'03.
$617,786
35,626
1,810,965
Nil.
Dec. 31, '02
$496,206
50,666
1,426,649
Nil.
Nil.
93,714
75,275
320,718
23,394
95,982
66,799
318,822
22,137
100,726
71,430
232,889
20,843
$2,931,718
$2,968,117
$2,399,409
$495,267
175.000
23,550
$476,^85
150,000
32,135
$250,000
125,000
35,166
.
2,237,901
2,308,997
1,989,243
Total
$2,931,718
$2,968,117
$2,399,409
Note.— Company paid 6% on its stock
in both 1903
and 1902.
Commonwealth Trast Company* (St. Louis). -(Concladed.)
Liabilities-
Jan. 19, '04. Dec. 31, '03. June30,'03.
$2,000,000
$2,000,000
$2,000,000
Surplus and undivided profits.
3,707,553
3,702.742
3.654,855
Divldeuds
1.339
50.134
40,026
69.575
Other liabilities
30,153
Deposits
7,009,941
4 3103,803
4,747,847
Capital stock
$12,788,408
$10,044,837
«10.500,723
SIO.044,837
* In January of this year the Commonwealth Trust Co. absorbed the
Germania Trust Co.. and the figures under Jan. 19, 1904, are of the
consolidated institution; the Colonial Trust Co. was absorbed in May,
1903, and the Hamilton Trust Co. In December, 1903.
Germania Trust Company^
Resources.—
Stocks and bonds
Loans on collateral
Real est furniture
Cash on hand
Cash on deposit
Otherassets
,
Commenced business Febraary
737,670
TT'TTI'f^
Total
Total
2,441,211
1,027,987
160,900
Louis Companies.
Feb. 28, '03.
$366,000
233,661
2,265,314
22,036
395,808
17,500
$351,570
240,700
Loans
Cash an hand
Due from banks
Other assets
$'00,000
250,000
20,187
1,918,503
2,976
St.
2,634,031
1,267,054
138,125
West Phila. Title & Trust Co. (Phila.).
Resources—
T TATIFT
Liabilities—
Capital stock
Hnrplus and reserve fund,
2,446,117
1,337.984
96,094
819.726
33,288
$4,967,015
$5,112,179
$4,758,912
stock in 1903. Interest Is paid on
all deposits at
Nov. 17, '03.
Stocks, bonds, etc
192,9,52
4(!5,788
Note— Company paid 8% on its
Co. (Fliiladelpliia).
•
'02
$1,665,175
759,109
507,824
306,446
191,829
Total
Union Trnst
$1,768,372
108,952
981,513
307,376
189,363
Undivided
$541,692
[Vol. Lxxviii.
Sept.
$595,630
& fixtures.
Total
Liabilities.—
Capital stock
Surplus fund
Undivided
profits
Deposits
Other
9, '03.
liabilities
Total
(St. Louis)
Feb
28,'03.
Dec. 31,'02.
$365,141
3,682,347
207,500
97,528
779,070
8.848
«403,001
3,123,864
207,500
46,476
531,618
12,064
$5,370,923
$4,324,523
$3,464,991
$1,000,000
1,000.000
323,384
3,045.966
1,573
$1,000,000
1,000,000
144.371
2,180,152
$1,000,000
1,000,000
92,296
1,366,117
6,518
$5,370,923
$4,324,523
$3,464,991
2,548,034
200,000
43,156
278,551
30,109
*Commenced business February 10, 1902.
Lincoln Trust Company (St. Louis).
Resources
Sept. 9, '03. Feb. 28, '03. Dec
Loans.
$5,249,312
Bonds and stocks
3,284.194
Cash on hand and in banks....
810,212
Keai estate
46,765
Sale deposit vaults
34,000
Overdrafts
30.694
Miscellaneous debits
74,648
Total
Liabilities—
Canital stock
Surplus
Undivided profits
Deposits
Mortgage
trust,
bonds
Miscellaneous credits
Total
$4,963,799
3,2l2,9o2
1,030,306
57,949
34,000
1,803
131,906
31, '02.
$5, 369,415
3, 1^0, 3S6
77i,l(i4
62,749
34,0
2,089
99,059
$9,529,825
$9,502,670
$9,461,862
$2,ODO,000
1,500,000
216,386
4,741,486
976,500
96,453
$2,000, 000
4,842, ,020
887, ,400
96 ,952
$2,000,000
1,500,000
176,340
4,879,022
849.900
56,600
$9,529,825
$9,502,670
$9,461,862
1,500, 000
176 ,29 B
Feb.
6,
THE CHRONICLE
1904.J
Mercantile Trust Company (St. Louis).
Besouboes—
Dec. 31,'03. June 30, '03. Oct.
31, '02.
$14,476,721 $15,350,743
2,746,481
Bonds and atooks
2,224,432
89,324
279,865
Cash Items in course of ool'n..
5,084,024
Cash in vaults & depositories. 3,906,761
786,293
Other assets
721,660
$13,749,560
4,606,320
66,699
3,283,626
6,649
$21,609,439
$24,056,865
$21,712,854
$3,000,000
Surplus and undivided profits 6,789,447
for
Reserved
taxes
Reserved for interest accrued.
40,000
Deposits
11,779,992
Other liabilities
$3,000,000
6,830,527
40,000
35,000
14,092,849
58,489
$3,000,000
6,787,610
$24,056,865
$21,712,854
Loans
Total.
Liabilities—
Capital stock..
Total
$21,609,439
559
Missouri Trust Company (St. Louis).
Dec. 31, '03. June 30, '03. Dec.
Resources—
Beal estate mortgages
Stocks and bonds
Loans on collateral
Loans on personal eeourities..
Real estate (office building) ...
Cash on hand and on deposit..
Other assets
$590,424
583,813
2,079,230
214,612
750,000
570,720
160,378
$5,555,838
$4,949,177
$2,000,000
250,000
Undivided profits
224,704
685,062
Deposits in trust
Gen. deposits pay. on dema'd.
1,966,033
430,039
Other liabilities
$2,000,000
210,497
150,354
226,638
1,961,688
400,000
$5,555,838
$4,949,177
Total
Liabilities—
11,910.624
14,620
Note.— Company paid 16% on its stock In 1903. Interest Is allowed at the rate of 2% on daily balance and 3% on time oertlflcates
and savings accounts.
Capital stock.
Surplus fund
Total
Mississippi Yalley Trast Company (St. Louis).
BESotTRCES—
Dec. 31, '03. June 30, '03. Dec. 31, '02.
Beal estate mortgages
$483,761
$828,890
$508,621
Stocks and bonds
10,077,572
9,286,231
9,134,294
Loans on collateral
7,374.281
13,390,760
13,656,617
Loans on personal securities.. 1,287,080
937,683
601,262
Beal estate
84,428
588,634
975,423
2,963,387
176,529
441,449
863,990
3,515,018
136,239
$25,728,922
$28,802,408
$29,177,759
$3,000,000
3,500,000
1,745,099
6,647,633
9,571,900
1,264,290
$3,000,000
3,500,000
1,7V9,792
10,162,765
10,283,197
126,654
$3,000,000
3,500,000
1,474,403
10,117.954
10,789,544
295,858
5.^4,460
Caehonhand
1,933,696
Cash on deposit
Other assets
3,90f<,784
Total...
Liabilities—
Capital stock
Surplus fund
Undivided profits
„
Deposits (time).
Deposits (demand)....
Other liabUlties
31,'02.
$364,103
715,108
2,516,198
55,233
7 50,000
970,275
184,921
Total
$25,728,922 $28,802,408 $29,177,759
Statistics fob Calendar Year—
1903.
1902.
Total net profits for year
750,696
1,031,857
Interest credited depositors during year..
460,815
498,384
Expenses of institution sa ae period.
287,014
234,244
Amount dividends on company'w stock
480,000
360,000
Amount deposits receiving interest
Interest paid on all deposits
Rate of Interest paid on deposits.. .2% on demand and 3% ontimedep.
St. Louis Union Trust Company (St. Louis).
Dec. 31, '03. June 30, '03. Dec.
Besodrces—
31, '02,
Real estate mortgages
$1,171,050) m,. -„, „i„c $1,829,211
Loans on coUat. & pers'l sec'B. 13,361,177 $ * J-*>o-*i.-«i^ \ 15,402,551
Stocks and bonds
5,626,306
6,157,643
5,473,898
Real estate and olHce building.
629,648
520,423
519,046
Cashonhand
1,153,599)
114,191
7i,i-i-o,/ta^
^70 5
Cash on deposit
3,843,7235
2,572,043
53,?09
Other assets
2,904
20,755
Safe deposit vaults
..,.
55,000
55,000
55,000
n
Total
=;
$25,793,712
$28,372,955
$25,986,695
$5,000,000
5,000,000
114,181
125,000
15,546,531
$5,000,000
5,000,000
63.528
125,197
18,116,230
60,000
$5,000,000
4,000,000
341,049
125,000
16,503,866
8,000
8,000
8,780
8,000
$25,793,712
$28,372,955
$25,986,695-
LiabilitiesCapital stock
Surplus fund
Undivided profits
Dividends unpaid
General deposits
Beserve for taxes
Other liabilities
Ees've for interest
.
New York and
Total
Brooklyn Trust Companies.
Bankers' Trust Company (New York).
Broadway Trust Company (New York).
Resources.
June 30,'03.
$4,003,129
4,249,017
1,347,411
1,234,814
56,125
$2,211,864
3,256,612
716,896
501.507
543,805
27,842
Bonds and mortgages
Stock Invest's (market value)..
Amount loaned on collaterals,
Amt. loan ed on pers'l securities
Beal estate (estimated value)..
$11,647,954
$7,258,526
Otherassets
$1,000,000
500,000
57,064
8,190,920
$1,000,000
Stock invest's (market value)
Amount loaned on collaterals
Amt. loaned on personal securities
Cashonhand
7.'i7,458
Cash on deposit
Otherassets
Total
Resources.
Dec. 31, '03. June 30, '03. Dec. 31, '02.
Bee. 31, '03.
$155,250
$106,750
994,676
1,049,733
1,318,527
674,649
5,000
72,720
1,193,408
860,208
5,000
68,395
609,777
39,099
536,815
45,638
$98,000
922,282
1,382,200
627,722
5,000
46,615
569,464
33,595
$3,924,755
$3,810,890
$3,634,868
$700,000
350,000
69,142
$700,000
350,000
50.012
$700,000
350,000
2,736,690
15,000
28,790
25,133
2,590,374
$3,924,755
$3,810,890
Cash on hand
Cash on deposit
Liabilities.
Capital stock
Surplus fund
...
Undivided profits
General deposits, pay. [on demand
Due trust companies
Due savings banks
Due banks and bankers
Other liabilities
1,073, '19
2,851
4,114,495
747,164
86,334
734,584
206,6.50
679,866
7,500
5,333
Total
$7,258,526
$11,647,954
Supplementary.
Total amount of profits during year
:$59,839
$234,902
20,008
Interest credited depositors same period
81,803
Expenses of institution, same period
69,673
J30,979
Amount of deposits on which int. is allowed. 10,040,897
5,577,801
Rate of interest
2 to 3% p. 0. 2 to 3>fl p. c.
t
Total
50(1,000
For three months ending June 30.
Liabilities.
Capital stock
Surplus fund
Undivided profits
General deposits pay. on dem.
Due savings banks
Due banks and bankers
Other liabilities
Total
$6,188,908
6,852,772
2P,lfl4
514,211
244,850
..
249,271
2,343,3^4
1,283.419
$16,476,486
2,317,162
55,934
$16,203,031
31, '02.
$5,702,229
7,807,3^5
45,514
69C,52«
246,524
2,311,470
99,674
$16,909,332
Liabilittes.
Capital stock
Profit
and
loss
$2,500,000
2,500,000
246,961
12,910
4,896,859
2!«0,811
.
Deposits intrust
General deposits, pay. on dem.
Due trust companies
Due savings banks.
Dae banks and bankers
19,907
5,988,264
1,247,965
1,951,115
936,10l
2,731.117
7.57,310
3,081,331
97,898
Other liabilities
427,983
Total
$16,476,486 $16,203,081
Supplementary.
Tot. am't profits during year..
60^,078
*$338,975
Int. credited dep's, sameper'd.
*13S,55><
253,332
Exp. of institat'n, same petfd.
109,^45
*53,853
Am't of <iiv. deol'd. same per'd
*75,000
150,000
Am't of dep.on which int.is all'd 10,428,706
9,758,529
Average rate of
*
interest.
1 to
For the six months only, Jan.
1
3'fl
to
p.
c.
June
1 to 3^2 p.
30.
0.
$2,500,000
2,500,000
477,586
7,027
5,373,384
2,282,944
6K8,4S5
3,050,346
49,550
$16,909,332
$852,392
291,997
99,442
10,646,700
2 to 312 p. 0.
Dee. 31, '03.
Bonds and mortgages
Stock invest's (market value).
Amount loaned on collaterals.
Am't loaned on pers'l securit's
Real estate (estimated value) .
Cash on hand.
Cashon deposit
*$72,477
$101,539
*23,574
26,657
*21,583
30,746
2,688,030
2,463,174
2 to 4 p. c. 2to3i«p. 0.
June 30,
$508,500
6,507,840
6,107,824
830,474
135,278
720,013
.
Dee. 31, '02.
$533,800
6,177,705
6,677,491
866,880
143,921
6,166,043
7,117,870
1,130,844
125.237
125,924
$16,741,409
'03.
$327,500
700,i*72
1,80.'S,556
Other assets
^otal
$2,500,000
2,500,000
Surplus fund
$3,634,868
Resources.
June 30, '03. Dee.
Stock Invest'ts (market value) $5,882,623
Amount loaned on collaterals. 6,558,518
Amount loaned on per'l seour..
169,271
Total
12,519
Brooklyn Trust Company (Brooklyn).
Resources.
Due from banks
Cash on hand
Cash on deposit
Otherassets
2,544,204
87,714
43
22,790
Supplementary,
Total amt. profits during year.
$142,952
Int. credited depos. same per'd
48,148
Exp.of institution, same period
45,039
Amt.of dep.on which Int.is all'd 2,780,429
Bate of interest
2 to 4 p. 0.
Bowling Green Trust Company (New York).
Dec. 31. '03.
10,V>1
28,145
"
514,320
150,004
86,841
2,165.783
226,346
$16,150,550 $16,961,007
Liabilities.
Capital stock
$1,000,000
Undivided profits
1,903,621
Deposits in trust
801,108
General deposits pay. on dem. 11,707.344
Due trust companies
142,451
Due saviuffs banks
1,027,513
Other liabilities
99,372
Total
$16,741,409
$1,000,000
$1,000,000
1,886,388
1,877,209
814.332
1,342,786
11,719,198)
> 11,880,300
620,124 >
110,508
860,712
$16,180,560
$16,961,007
Supplementary.
Tot.am't of profits during year.
$240,602
*$39e,268
Int.credited depos's same per'd
312,234
*I53,843
Exp.of institution, same per'd.
106,594
*55,728
Am't of dlvs.deol'd, same per'd
'f'0,000
160,000
Amt.of dep.onwhichint.is all'd 13,261,443
12,833,153
Rate of Interest
2 to 4 p.o. 2 to Z^ p. 0.
$741,037
307,921
92,800
160,000
For the six months only, Jan.
1 to
Jane 30.
13,563,484,
2 to 4 p. o
THE CHRONICLE.
560
Central Realty Bond
& Trast
Co.
Commonwealth Trust Company (New York).
(New York).
Retourett.
D€c. 31. '03. June 30, '03. Dee, 31. '02.
$3,236,404
i4.7l8,8:U
Bonrts *nd mortRages
f5.03a.40-l
3,2(;3,767
3,7«3.931
Stock lnV8tm't«(market value) 3.08^,464
Amount loaned on collat«»ral8. 7,007.771 10,656.000 12,097,550
48.7S4
Iteal e«t4ite (estimated value).
52,350
1,165.422
176,543
51.3-10
1,914,63-1
13S,469
69,715
3,239,978
291,653
$16,568,738
$21,243,304
$22,199,067
Cash on hand
Cash on deposit.
Other a»seta
[Vol. iiKXYiu.
Jiesources,
Dee. 31, '03.
Stock Investm'ts (market val.)
Amount loaned on collaterals
Amt. loaned on pers'l seour't's
$638,903
49,231
20,000
21,107
96,928
Cash on hand
Cash on deposit
Other assets
1,982
Total
TotAl
$828,151
Liabiiities,
LiabiliUet,
$2,000,000
$2,000,000
5,500,000
6,500,000
2,342,202
2,328,970
181,474
447,372
10,257.050)
105,683 > 11,708,870
746.391)
110,604
213,855
2.000,000
6,500,000
1,850,150
Capital stock
Surplui fund
lTndlvlde<l profits
Deposit* In tniat
1:^6,015
Oen'l deposits payable on dem.
Due trust I'ompaniea
6,579,908
48,028
331,732
122,905
Due banks and bankers
Other llablliUee
$16,568,738 $21,243,304 $22,199,067
Supplementary.
'$461,927
843,012
$1,842,018
Total am't profits durlnar year.
•153,112
294,378
262,811
Int. credited do pos. same per'd
•46.683
82,152
91,639
Exp. oflnstltutlon, same por'd
"200,000
260,000
320,000
Amt. of dlvs. deci'd same per-d
11,133,693
11,889,655
Amt. depos. on wh. Int. Is all'd. 7,004,323
2to4p.o. 2to46ioP-02to3>«p.o.
Bate of Interest.
TotaL
$320,551
Stock invest's (book value).... 19,221,310
Amount loaned on collaterals. 22,042,519
286,337
Am't loaned on pers'lsecurlt's.
979,895
Keal estate (estimated value)..
24,612
Cash on hand
4,205,103
Cash on deposit
1,129,740
Other assets
2,031
311,478
236
Total
$828,151
Supplemenlary.
Total am't profits during year
$361,020
105,870
141,825
178,836
2 to 3 p. c.
Int. credited dep's same per'd
Exp. of institution same per'd
Amt.ofdep.onwhlchlnt.l8all'd
Bate of Interest
Continental Trust
Bonds and mortgages
June 30,'03. Dee. 31,
Bonds and mortgages
$600,000
14,406
Undivided profits
Deposits intrust
General dep. pay. on demand.....
Other nabiritles
Company (New York).
Dee.31,'b3. June80,'03. Dee. 31, '02.
Central Trust Company (New York).
Jiesources.
Dee. 31, '03.
Capital stock
'02.
$278,062
$225,037
19,111,527
32,542,780
314,170
981,462
34,207
5,160,441
420,526
20,965,471
28,616,926
342,004
980,717
14,740
3,444,700
835,673
$532,000
$537,000
$581,000
Stock Invesfs (market value).. 3,616,704
Amount loaned on collaterals. 11,440,845
Amt. loaned on pers'l securit's.
926,110
Real estate (estimated value) .
103,500
Cash on hand
802,528
Cash on deposit
1,591,023
Other assets
131,029
3,670,469
10,866,079
748,936
103,500
543,130
1,868,737
161,964
3,070,027
10,667,293
$18,398,815
$17,353,789
$1,000,000
3,000,000
279,008
1,406.016
11,302.360
741,238
71,422
582, m93
15,888
$1,000,000
3,000,000
144,670
1,312,244
10,427,484
891,873
$18,398,815
$17,363,759
*$611,652
*180,466
*67,639
*30.000
12,960,782
$770,162
334,071
79,414
60.000
12,266,384
lto3iflp. o.
Total
$18,742,7#0
737,720
103,500
26.942
2,025.486
192,791
IdabilUies.
$48,210,067 $58,843,175 $56,425,268
Total
Liabilities.
$1,000,000
13,088,373
3,821,318
39,116,122
782.999
292,616
326.367
435,386
$1,000,000
13,176,887
3,224,440
36,462,216
1,060.628
64,130
50,775
386,192
$48,210,067 $58,843,175
Supplementary.
Total am't profits during year. $2,82 .697 *$1,519,079
*531,625
998.867
Int. credited dep's same per'd.
•131,627
253,346
Exp. of insritut'n. sameper'd.
•500,000
800,000
ABQ'tofdivs. decl'd.sameper'd.
39,168,065
Amt.of dep.onwhiohint.lBaU'd 28,883,563
(lto3p.o.)
1 to 3 p. o.
Rate of interest
$55,425,268
$1,000,000
13,332,919
Capital stock
Undivided
profits
Deposits in trust
General dep'ts, pay.
3,585, '?20
on dem'd. 28,555,238
536,537
Due trust companies
271,221
Due savings banks
78'2,654
Due banks and bankers
146,280
Other liabilities
Capital stook
$1,000,000
3,000,000
400,045
Deposits in trust
1,060,295
General dep'ts, pay. on dem'd. 10,741,264
Due trust companies
882,593
Due savings banks
78,350
Due banks and bankers
1,566,423
Othe»liabilitles
13,769
Burplusfund
Undivided profits
Total
Total
\
City Trast
ItoSp.o
Company (New York).
Resources.
Dec. 31, '03.
Bonds and mortgages
June
30, '03. Dec. 31, '02.
$701,165
2,244,570
11,125,659
120,563
659,102
$754,882
2,325,784
11,025,262
141,415
51,816
1,181,391
59,725
2,104.101
87,191
$15,262,352
$16,092,175
$16,490,451
Cash on hand
Cash on deposit
Otherassets
Besourees.
Dee. 31, '03. June 30, '03.
Bonds and mortgages
$1,056,068
Stock investm'ts (market val.) 1,820,014
$1,056,068
Amount loaned on collaterals.
3,652
2,714,589
Amt. loaned on pers'l scour's..
3,652
Cash on hand
Cash on deposit
Otherassets
Total
JAal)Uities.
Capital stock
$1,000,000
1,000,000
690,750
530.774
11,986,229
52,985
37,206
135,242
658,989
$1,000,000
1,000,000
666.7 8
846,713
12,082.866
320,124
90,610
184,706
298,714
$15,262,352 $16,092,175
Supplementary.
$635,476
*$335,085
Total am't profits during year
*184,023
352,095
Int. credited dep's same per'd.
per'd.
103,190
•54,665
Exp. of Institution. same
80,000
*40,000
Amt. of dlvs.decl'd same per'd.
Amt.ofdep.onwhiohmt.i8all'd 11,026,053
12,072,438
$16,490,451
$1,000,000
Burplusfund
Undivided profits
1-i'7M'7Q\S
^i,/03,/wo^
1,022,993
Deposits in trust
Gen'l deposits pay'ble on dem. 10,458,161
104,055
Due trust companies
48.478
Due savings banks
118,783
Due banks and banKors
740,087
Other Uabililies
Total
2to4p.
Bate of Interest
Colonial Trust
o.
2to4p.o.
$824,781
398.852
102,127
80,000
12,606,248
2to4p.o.
Bonds and mortgages
Capital stock
$19,700
2,310,122
12,627.232
2,182,266
183,017
114,686
3,678,321
103,869
Deposits in trust
Gen'l deposits pay. on
demand
Due trust companies
Due savings banks
Due banks and bankers
$19,677,039
$22,929,381
$21,169,102
146,178
354,392
44,321
$3,274,905
$4,111,302
$3,381,198
$1,000,000
950,000
1.929
370,983
1,610,888
109,551
25,270
9,333
33,348
$1,000,000
950.000
21,234
12,588
1,276.571
96,113
$4,111,302
$3,381,198
*$67,689
*12,680
*37.401
1,804,078
$39,465
31,818
Total
$3,274,905
Supplementary,
Total am't profits dtirlng year.
$142,334
Int. credited depos. same per'd
35,941
Exp.of institution same period
60,439
Am't dep. on which int. is all'd 1,028,117
Bate of interest
2 to 4 p. o.
24,692
1,463
35,912
1,377,553
lto4p. o. 2 to 3^ p.
o.
Besourees.
Dee. 31, '03.
Bonds and mortgages
Stock Invest'ts (market value).
Amount loaned on collaterals.
Amt. loaned on pers'l securities
Cashonhand
Cash on deposit
Otherassets
Total
June
30,'03.
Dee. 31, '02.
$15,183
579,744
346,796
37,498
298,681
121,430
$15,153
765,601
858,113
274,810
9,361
182,430
42,878
$3,144,070
$2,138,043
$500,000
500,000
$600,000
600,000
12,851
$20,266
541,585
1,009,279
221,506
10,799
428,457
102,095
$2,333,987
1,745,868
Liabilities.
$1,000,000
600,000
963,315
346,795
16,018,9H7
2,737,198
648,<'90
676,788
139,208
$19,677,039 $22,929,381
Supplementary.
$874,577
$'488,086
Tot. am't of profits during year
•268,163
504,421
Int. credited dep's, same per'd
161,078
*79,035
Exp. of institut^n, same per'd.
*60,000
100,000
Ai^. of dlvs.decl'd same per'd.
18,918,244
Am'tofdep.onwhiohint. Uall'd 15,448,634
2to4i9p. c.
2 to 4 p. o.
Bate of Interest
Total
*
109,266
192,583
35,144
458
Other Uabilities
Liabilities.
$1,000,000
500,000
968,871
Undivided profits
140,744
Deposits in trust
General deposits pay. on dem. 13,749.492
1,428,390
Due trust companies
830,847
Due savings banks
934,390
Dae banks and bankers.
124,305
Other liabilities
22,609
338,444
34,118
$1,000,000
950,000
22,282
123,643
979,913
141,137
25,654
Burplusfund
Undivided profits
Dee. 31, '02.
$49,700
2,413,876
15,009,546
1,272,138
122,600
1,073,116
2,873,700
114,806
Capital stock
Surplus fund
$1,003,131
1,833,176
Empire State Trust Company (New York).
$96,500
Stock investments (m'k'tval.) 2,331,447
Amount loaned on collaterals. 11,903,519
Am't loaned on pers'l securit's 1,474,319
Beal estate (estimated value)
988,182
Cash on hand
2,720,999
Cash on deposit
112,073
Otherassets.
Total
Dee. 31, '02.
Liabilities.
Company (New York).
Besourees.
Dec. 31, '03. June 30, '03.
lto4p. c.
Eastern Trust Company (New York).
$424,848
2,187,156
9,352,016
265,722
565,555
2,180,724
286,331
Stock Investm's (book value)..
Amount loaned on' collaterals.
Am'l loaned on pers'l securit's.
Total
$3,392,748
1,199,310
244,200
600,000
36.740,673
$18,742,739
Supplementary.
Totam'tof profits during year.
$964,869
Int. credited dep's same per'd..
357,948
Exp. of institution, same per'd.
129,492
Amtdivid'dsdecl'd, same per'd
60,000
Amt.ofdep.onwhlchint.i8aU'd 13,578,619
Rate of interest
lto4p. o.
540,657
36.831
For the six months only, Jan. 1 to June 30.
$1,000,000
600,000
879,788
90,943
15,661,958
1,682,003
685,266
648,420
1S0,774
$21,169,103
$1,006,364
552,982
142.860
100,000
17,480,812
2 to 4 p. c.
Capital stook
Burplusfund
Undivided profits
Deposits in trust
General deposits pay. on dem.
Due trust companies
Due banks and bankers
Other liabUIties
$800,000
500,000
4,143
14,435
971,615
46,490
148,688
148,616
Total
$2,333,987
Supplementary.
$100,019
Total amt. profits during year.
35.258
Int. credited depos. same per'd
88,363
Expen. institution same period
Amt. divs. declared same per'd
Amt. dep on wh. int. is allowed 1,113,669
Bate of Interest.
*
liato4p.
o.
13,881
5,746
1,937,268
52,268
126.135
9,785
872,830
245,077
7,286
$3,144,070
$2,138,043
*$50,966
^19,164
*20,266
$40,696
10,398
20,161
1,835,214
2 to 4 p. o.
982,934
2 to 4 p. 0.
None
For the bIx months only, Jan. 1 to June SO.
Feb.
THE CHRONICLE.
1904.]
6,
Equitable (formerly American Deposit
Besources.
Dec. 31, '03.
& Loan
June
Co.)
30, '03
(N
Dec. 31, '03.
Dee. 31. '02.
$1,256,500
1,587,743
33,236,240
31,984
92,010
2,652,242
370,742
$34,650,480
$39,227,461
$15,422,419
$3,000,000
Capital stock
8,500,000
Surplus fund
537.763
Undivided profits.
11,006,292
Deposits in trust
Gen'l dep'lts, pay'le on dem'nd 8,337,934
1,982,910
Due trust companies
82,614
Due savings banks
893,077
Due banks and bankers
309,840
Other Uabllltles
$3,000,000
8,500,000
272,655
8,275,065
18,106,503
$1,000,000
500,000
119,485
407,347
10,907,683
683,616
2,300,000
389,722
187,904
$34,650,430
$39,227,461
$15,422,419
•$699,326
*253.520
*63,042
*120,000
26,969.879
$457,804
194,519
67,956
60,000
Total
Franklin Trust Company (Brooklyn).
Y.)
$2,437,500
1,582,246
Stock investments
Amount loaned on coUaterals. 26,637,477
36,051
Amt.loaned on pers'l securities
129,180
Cash on hand.
3,456,111
Cash on deposit,...
372,865
Other assets
BondB and mortgages
$103,250
1,004,880
12,858,410
37.302
32,092
974,175
112.310
Supplementari/.
Tot. amt of profits during year. $1,538,306
543,314
Int. credited dep'rs same per'd.
137,185
Exp. of institution, same per'd.
270.000
Amt. of divs. deol'd, same per'd
Amt.of dep.OB wh'h int. Is all'd. 21.779,798
l>flto4p. c.
Bate of Interest
Farmers' Loan
& Trust Co. (New
13,208,030
l^fltoSp. o.
3%%
$518,100
4,881,308
2,293,954
1,239,847
450,000
396,342
1,415,176
67,053
4,881,814
1,812,279
876,296
450,000
467,694
1,050,404
58,614
$10,692,595
$10,199,951
$10,676,531
$1,000,000
$1,000,000
< kk9 q-tq 5
1,000,000
i,&&.i,97rf^
531,434
\
891,178
254,935
Deposits in trust
6,193,141
General deposits, pay. on dem. 6,324,778
72,251
121,814
Due trust companies
749,716
989,810
Due savings banks
101,699
114,817
Other UabiUties
$1,000,000
1,000,000
514.394
289,484
6,661.308
1,752
1,102,586
107,007
Bonds and mortgages
$1,052,200
Stock invest, (market value)... 16,033,883
Amount loaned on collaterals . 28,554,092
Amt. loaned <>n pers'l seour't'a 1,536,750
Beal estate (estimated value).. 1,456,878
2,809,220
Cash on hand
5,906,440
Cash on deposit
603,575
Other assets
TotaL
$57,952,038
Cash on deposit
June
Surplusfund
Undivided profits
Undivided
$1,000,000
7,015.404
45,615,920
1,530,106
2,369,635
167,980
252,993
profits
Deposits In trust
Due trust companies
Due savings banks.
Due banks and bankers
Other liabilities
$10,692,595 $10,199,951 $10,676,531
Supplementary.
*$263,544
$489,562
Tot.am't.of profits during year.
$608,470
193,485
•101,018
209,316
Int. credited dep's, same per'd.
90,462
*45,167
Exp. of institution, same per'd.
79,207
120,000
*60,000
Amt. of dlvs.decl'd. same per'd.
120,000
Amt.ofdep.onwhlchint.i8 all'd 7,879,680
7.357,727
7,943,797
2 to 4 p. o.
2 to 4 p. o.
2 to 4 p. 0.
Bate of interest
Total
$1,636,000
14,453,277
32,151,521
Dee. 31, '03.
Fiftli
940,227
Bonds and mortgages
Stock Investmts. (market val.)
Amount loaned on coUaterals.
Amt.loaned on pers'l
Cash on hand
Cash on deposit
seourlt's.
Otherassets
.
$1,000,000
7,022,675
45,861,837
2,311,455
1,978,155
155,752
297,736
$1,000,000
7,007,480
41,294,898
2,056,471
2,111,656
133,780
226,533
1 to
3^ p. o.
lto4p.
o.
$41,018,720 $49,686,722 $37,547,445
Total
Capltalstock
$2,000,000
5,000,000
102,677
trust
Denosits in
931,515
General deposits, pay. on dem. 30,519,050
Due trusc companies
1,323.208
Due savings banks
337,090
banks
Due
and bankers
111,951
693,329
Other liabilities
Surplusfund
Undivided profits
$41,018,720 $49,686,722 $37,547,446
Supplementary.
•$970,102
Tot. am't of profits during year. $2,050,227
$2,296,931
•541,974
Int. credited dep's, same per'd.
1,088,031
961,148
•116,379
Exp. of institution, same per'd.
231,666
312,731
•200,000
Am'tofdivs.decl'd same per'd.
400,000
340,000
Am'tofdep.onwhichlnt.isaU'd 30,828,419
39.128,710
27,363,179
liflto4^p.o. liato4ia P.O. lifl to 4ifi P.O.
Rate of interest
3,741,046
8,287,666
619,875
105,153
1,532,270
159,917
4,050,995
9,375,150
190,850
100.952
1,900,840
170,769
3,826,894
9,580,530
143,050
97,770
1,340,763
173,186
$16,208,556
$15,597,193
$1,000,000
1,000,000
287,436
26,443
13,737,443
133,234
24,000
$1,000,000
1,000,000
287.436
19,577
13,153,314
96,297
40,569
Besources.
Dec. 31, '03
Bonds and mortgages
Stock invest' t's (market value).
Amount loaned on collaterals.
Amt loaned on pers'l securities
Cash on hand
Cash on deposit
Due from banks
Other assets
LiaMlities.
Total
$14,966,417 $16,208,556 $15,597,193
Supplementary.
Tot.amt.of profits during year.
•$273,630
$556,097
$764,629
•161,395
Int. credited dep'rs, same per'd
322,399
290,578
•40,134
Exp. of Institution, same per'd
77,557
74,216
Amt. of divs..decl'd same per'd.
•60,000
120,000
170,000
Am't of dep. on wh. Int. is all'd. 12,356,714
13,636,117
13,031,189
Bate of Interest
2 to3^p. o.
2 to 3 p. 0.
2 to 3 p. O
Flatbnsli Trust
Stock inv'stm'ts (book value)
Amount loaned on collaterals.
.
Amt.loaned on pers'l seouritieR
Beal estate (estimated value)
Cash on hand
0»8h on deposit
Other assets
Total
Undivided profits
Deposits intrust
Gen'l deposits payable on dem.
Due savings banks
$309,050
178,300
828,785
60,470
$1,726,040
$1,724,515
$1,656,978
Other
liabilities
7,683
1,264,826
100,000
8,632
Total
1,235,223
130,000
19,176
$1,726,040
$1,724,515
Supplementary.
Totamt. of profltstduringyear.
•$38,563
$77,811
Int. credited depos same per'd
"14,627
27,506
Exp. of institution same per'd.
^9,935
20,776
Amt. of dlvs.decl'd, same per'd
*6,000
12.000
Amt. of dep. on wh. int. is aU'd. 1,372,000
1,365,223
Bate of interest
2 to 4 p. o. 2to3iap. o.
*
For the six months only, Jan. 1 to Jane 30.
1,057,456
28,608
45,238
1,347,582
116,434
278,396
42,720
316,111
106,193
19,863
1,590,710
64,150
137,141
967,894
140,470
16,533
$2,079,318
$2,855,052
$3,487,333
$500,000
500,000
29,080
$1,000,000
1,000,000
19,653
1,303,443
123,708
25,268
15,261
Undivided profits
demand
Due trust companies
Due savings banks
Due banks and bankers
Gen'l deposits pay. on
Other
liabilities
$500,000
500,000
30,260
949,085
19,942
25,453
49,574
5,004
1,648,440
46,480
25,434
105,618
Total
$2,079,318
$3,855,052
$3,487,333
Suj^lementary.
Total amt. profits during year.
*78,147
$129,939
$55,861
Int. credited dep's same period
*28,895
43,071
8,643
Exp. of Institution same period
60,962
»39.S24
27,555
Am't dep. od wh. int. is allowed
994,000
1,791,630
1,423,273
Rate of interest
Iisto3isp.o. l^to3H3P.o. 2to3iflp. o.
Hamilton Trust Company (Brooklyn).
$302,600
198,420
858,301
88,770
37,121
76,479
155,812
13,012
$200,000
100,000
40,116
$318,000
262,435
j
Capital stock
Surplus fund
Resources.
Dee. 31, '03.
Dee. 31. '02.
$305,300
164,531
868,918
91,506
36,207
84,008
158,298
17,272
$200,000
100,000
45,000
31, '02.
$346,000
398,185
Liabilities.
7,821
33,254
129,190
10,148
Bonds and mortgages
Stock invest's (market value)..
Amount loaned on collaterals.
Am't loaned on pers'l securlt's.
Real estate (estimated value)..
Cash on hand
Cash on deposit
Other assets
Total
Udbilities.
Capital stock
Surplus fund
June 30,'03. Dee.
$261,500
359,872
210,210
)
Total
Company (Brooklyn).
Besources,
Dec. 31, '03. June 30, '03.
Bonds and mortgages
$2,000,000
6,000,000
369,398
1,080,100
26,260,006
1,118,286
277,233
571,476
870,946
Total
'02
$435,000
$1,000,000
1,000,000
300,702
23,165
Gen'l dep'lts pay'le on dem'nd. 12,488,515
Due savings banks
132,035
Other Uabmties
12,000
$2,000,000
5,000,000
444,146
1,981,433
37,238,759
1,291,385
783,433
424,691
522.875
Guardian Trust Company (New York).
June 30, '03. Dee. 31,
$419,000
Capital stock
Surplus fund
Undivided profits
Deposits in trust
11,431,188
17,237,142
1,084,834
154,128
36.278
4,755,070
2,662,632
158,273
Liabilities.
$510,500
$14,956,417
Total
$28,000
Stock Invest'ts (market value) $8,896,681 $10,519,358
Amount loaned on collaterals.. 21,651,157 29,418,776
A'm'tloanedonpers'n'l sec't's
655,438
997,938
130,373
129,306
Real estate (estimated value)
55.908
48,846
Cashonhand
Cash on deposit
5,987,587
5,701,291
Due from banks
2,447,626
)
-iRAi^-jaS
d,b4i,o/o^
423,586
Otherassets
$
$58,627,610 $53,830,818
Arenue Trust Company (New York).
Besources.
Dec. 31, '03.
June 30, '03. Dee. 31, '03.
Bonds and mortgages
. .
1,016,746
3,850
3,629,197
$57,952,038 $58,627,610 $53,830,818
Supplementary.
$3,034,193
Tot.am't of profits during year. $2,540,583 *$1,292,886
»673,658
1,415,395
1,484,985
Int. credited dep'8, same per'd.
*! 02,811
203,964
189,429
Exp. of Institution, same per'd.
*200,000
400,000
400,000
Amt. of dlvs.decl'd. same per'd.
46,199,267
42,286,510
Amt.ofdep.,onwhichlnt.isall'd 44,441,84S
lto3^p. o.
Company (New York).
Rcsou fCCS
Total
Bate of interest
>
(guaranty Trust
Dee. 31, '02
$1,101,000
15,523,380
32,610,336
1,595,130
1,466,328
5,755
5,583,406
742,276
1,119,726
97,492
Capital stock
York).
30, '03.
450,000
76,104
Liabilities.
LiabUitieB,
Capital stock
l,117,Vi85
Cashonhand
BemmreeB.
Dec. 31, '03.
Dec. 31, '02.
4,931,476
1,703,363
Stock Invest's (malfeet value)..
Amount loaned on collaterals.
Am'tloanedon pers'l securities
Real estate (estimated value)..
Total
to
30. '03.
$602,860
Otherassets
lifl
June
$611,900
Bonds and mortgages
Liabilities.
Total
561
$300,000
100,000
35.455
1,060,123
160,000
11,400
$1,556,978
$68,346
28,661
17,929
11,000
1,310,123
2 to 4 p. 0.
June 30, '03. Dee.
31, 'OS.
$550,275
$563,600
$604,726
1,390,821
4,106,286
410,824
35,413
283,965
746,584
81,749
1,470,665
4,383,944
1,378,482
4,566,648
197,376
$7,605,417
$7,824,068
$7,622,928
$500,000
500,000
374,744
120,214
$500,000
500,000
394,958
109,329
5,39-2,663
5,476.931
768,958
78,882
$500,000
500,000
425,430
116,940
8,196,300
816,481
67,777
$7,824,068
$7,622,928
$•185,546
•89,922
•26,989
•20,000
6,110,682
3 to 4 p. 0.
$395,163
152,418
66,080
40,000
411,600
29,779
293,816
696,727
74,024
31,496
48.902
620,842
174,558
Liabilities.
Capital stock
Surplus fund.
Undivided
profits...
Deposits in trust
General deposits, pay. on dem.
Due savings banks
Other
liabilities
653,369
64.427
Total
$7,605,417
Supplemental^.
Tot.am't of profits during year.
$344,697
Int. credited dep's, same per'd.
170,892
Exp. of institut'n, siime per'd.
56,136
Am't of dlvs. deol'd, same per'd.
40,000
Am'tof dep.on which int. Is all'd 5,962,246
Rate of interest
*
2to4p.e.
For the six months only, Jan. 1 to June 30.
6,004,721
2 to 4 p.
1
THE CHRONICLE.
56-2
Holland Trnst Companj (New York).
('In
liquidation
J
liesourefs.
Dtc. 31. '03.
BondB and inortKHKOS
$53,807
Stock Invesiiu'ts market value
1!>7.H00
AiiKiunt loaiuvl on oolliitorals.
estiite (estluiated value).
/u»e 30/03. Dec.3\,'02
!)t;.."i03
Kcal
107,728
172
I.SIO
Ca<>li on hand
Ca^h on deposit
Other assets
4,801
3,525
def.250,712
$752,724
$1,003,742
633
114.022
Imvairmont
$572,480
Total
$5,867
480.500
95,707
165,5o0
326
15,100
*S3.807
486.050
96.508
107,728
305
Biirplus
$500,000
$500,000
$500,000
fund
10,938
Deposits lu trust
Gen'l dep. paj-ablo on
Other UablllUes
41,531
241,786
138,329
323,882
$752,724
$1,003,743
'$9,848
*643
*24.218
$46,638
demand
72,490
$572,480
SnppUmentaru.
Tot.amt.of profits durlns: year.
$14,228
643
Int. credited dep'8, same uerM
Expens. of Instlfn. same pt-r'd
37,925
Amt. of dep. on wb.lnt. allow'd
Rale of interest
Xotal
None.
3,718
34,445
99,591
2 to 3 p. o.
Kings Conntj Trnst Company (Brooklyn).
Resources.
Dec. 31, '03.
Bonds and mortgages
Stock iuvost's (market value).
Amount loaned on eoUaterals.
Am'c loaned on pers'l seeurit'a
Real estate (estimated value)..
Cash on hand
Cash on deposit
Other assets
June
8,705,388
44". Oil
227.293
$394,983
565.514
7,716,057
753,075
233,415
66,507
596,322
94,101
$11,241,982 $10,419,974
Liabilities.
Capital stock
1,000,000
262.130
320,482
7,573,829 \
40,531 5
1,326,733
218,272
l,Oi
Undivided
profits
Deposits in trust
2r>7,623
0«n'l deposits, pay. on demand
Due banks and bankers
Due savings banks
Other
$500,000
$500,000
0.000
302.207
Surplus fund
liabilities
Total
7,649,28
91,70o
1,411,200
150,wl8
221,940
314,617
6,799,586
1,401,900
181,937
$11,241,982
$10,419,974
Suppleme7itan/.
Total am't profits during year.
$501,306
Int. cred dep'w same period...
255,412
Exp. of institufn same period.
77,473
Am't of divs. deol'd same per'd
50,000
A.m'tofdep.onwliiohint.i8all'd 9.359.505
Rate of interest
2 to 4 p. o.
*$268.065
*154,459
*36,620
*25,000
9,212,215
2 to 4 p. o.
$497,667
222,194
95,600
50,000
8,173,855
2 to 4 p. o.
Knickerbocker Trust Company (New York).
Jnne
Bonds and mortgages
$905,935
Stock invest'ts (market value) . 2,6' 6,009
Amount loaned on collaterals 24,187,210
Am't loaned on pers'l secunt's. 1,269.600
Real estate
1,011,226
Cash on hand
1,859,958
Cash on deposit
5,149.850
Otherassets
500,780
.
$9,174,362
Capital stock
$1,000,000
1,000.000
483,218
Deposits in trust
354,004
Gen'l deposits, pay. on dem'd.
5,401.871
Due savings banks
758,314
Due banks and bankers
91,010
Other liabiUties
80,945
Surplus fund
Undivided profits
Total
$9,174,362
Supplementary.
Total am't profits during year.
Int. cred. dep's same period..
Exp. of institufn same per'd..
Am't divs. declared same per'd
Amt.ofdep.onwhiohint.isall'd
$37,490,568
30, '03
$1,000,000
Undivided profits
2.356,141
Deposits in trust
5.239,181
Gen'l deposits, pay. on demand 25,631,020
Due trust companies
Due savings banks
Due banks and bankers
Other
l,70i,'203
671.421
498,800
392,802
liabilities
$874,424
$822,025
2,736,192
31,113,216
743,787
816,242
2,114,023
4,528,400
442,052
2,420,600
27,634,273
481,2(0
682.535
300,127
4,139,304
410,984
Amt.loaned on pers'l securities
Dae from banks
Cash on hand
Cash on deposit
Other assets
Total
$1,000,000
2,289.021
6,027,936
29,('63,U0
2,373,483
984,128
1,238,0^2
392,566
$1,000,000
1,965,435
7,030,370
23,931,940
1,353,346
498,088
729,420
3^2,449
Ju7ie 30, '03.
Dec. 31, '02.
$495,000
$485,000
1,068.022
3,917,488
1,512,506
1,700.192
3.137,337
745,930
1,866,500
54,398
21,099
332,521
750,064
306,750
375,638
1,246,850
239,393
264,160
366,881
75,862
$8,382,351
$7,930,340
$3,730,625
»500,000
500,000
demand
Due trust companies
Due savings banks
Due banks and bankers
Other
,..
$500,000
500,000
$l,08l",725
$500,000
500,000
23,510
"2,978
682
6,362 167
213,843
803,330
6,026,876
2,667,094
347,78"i
33
166,021
50.000
5,001
liabilities
Total
$8,382,351
SupplemenfoT^.
Total amt. profits during year.
$96,249
Int. cred. depos'rs same period
168.220
Expen. Institution same period
113.768
Am't dep. on wh. int. is allowed 6,280,068
Rate of interest.
1 to 4 p. 0.
*34,019
*50,000
7,285,840
2 to 4 p. 0.
7,050,447
2 to 4 p. c.
June
Dee. 31, '02.
301.fi.'>0
Cashonhand
108,2
127.47
90,633
34.485
Cash on deposit
Other assets
477,291
39,183
44,339
90.000
19,180
638,842
64,583
$127,140
832.697
857,890
15,786
$2,107,967
$2,495,094
$2,284,614
$500,000
500,000
63,102
19.515
$500,000
500,000
41,610
Stock invesfts (market value).
Amount loaned on collaterals.
Am't loaned on pers'l seourlt's.
Real estate
Total
-i
17,938
401,925
31,238
Liabilities.
Capital stock
Surplus fund
$.500,000
500.000
5,948
16,o31
1,042,510
24,28m
18,790
Dndivided profits
Deposits in trust
Gen'l deposits pay. on
Due
trust
demand
companies
Other liabilities
Total
$2,107,967
Supplementary.
Total am't profits during year.
$146,106
Int. cred. dep's same period ..
21,847
Exp. of institufn same period.
110,522
Am'tofdep.onwMchint.i8all'd
559,640
Rate of interest
2to3>sp. 0.
1,298,425
nn-, =^0
i,^v/,o4-5
,
)
80,8905
33,162
35,461
$2,495,094
$2,284,614
*$88,845
*11,525
*55,826
785,207
$123,083
131,926
75,111
791,253
.
2 to 4
p. 0.
2 to
S^fl
p. 0.
Resources.
Dec. 31. '03
Bonds and mortgages
J'm«,6 30, '03
Dec. 31. '02.
$9,500
4,441,832
5,904.303
500,500
2,084,5/8
253,124
$9.50f>
$9,500
4,489,877
5,372,987
500,500
2,212,861
235,234
3,948.069
8,058,474
4,699,793
359,908
$13,193,837
$12,820,959
$17,076,244
$1,000,000
1,000,000
945,054
670,145
7,751.894
1,291,940
52,231
80,243
29,452
$1,000,000
1,000,000
$13,193,837 $12,820,959
Supplementary.
Totam't of profits during year.
$601,914
$705,938
224.010
Int. credited dep's, same per'd.
242,158
Exp.of institution, same per'd.
145,218
143,335
Am't of divs.decl'd.same per'd
100,000
100,000
Am'toIdep.onwhichint.i8all'd 9,480,738
8.856,036
$17,076,244
Stock invesfts (market value).
Amount loaned on collaterals.
Cashonhand
Cash on deposit
Otherassets
500
LiabUitits.
$1,000,000
1,000.000
Undivided profits
845,650
Deposits in trust
657.497
Gen. deposits, payable on dem. 8,033,455
Due tru^t companies
1,512.027
Due savings banks
40.417
Due banks and bankers
90,788
Other Uabilities
14,003
Capital stock
Surplus fund
Total
Rate of interest
lto4p.
0.
lto4p.
1,092,.'S42
1,069,457
10,828,483
1,896,433
85,416
79,410
24,503
$839,586
251,699
134,607
80,000
11,851,058
lto4p.
c.
0.
R6SOZtT*C€S
Dec. 31. '03,
Bonds and mortgages
8,517,ii36
Stock invesfs (market value)..
Amount loaned on collaterals. 35,751,137
Am't loaned on pers'l securif 8
21,000
Real estate (estimated value)..
Cashonhand
1,125,425
10,883.93'J
Cash on deposit
208.919
Otherassets
Total
June
$58,381,992
30, '03.
$454,655
$1,874,237
9,036,401
Dec. 31, '02.
.$201,705
354,904
7,394,805
43,168,577
67,128
30,967
15,490
11,168,070
569,323
$67,330,504
$62,616,065
$2,000,000
5,000,000
985,:n2
11,801,925
33.412,695
$2,000,000
5,000,000
657,634
48,89^^,076
67,128
21,000
1,014.680
7,482, (i60
Liabilities
Undivided profits
Deposits in trust
Gen'l deposits pay. on
$373,746
150,265
65,527
100,000
Mercantile Trust Company (New York).
Liabilities.
Capital stock
Surplus fund.
'$249,969
*92,776
30, '03.
MesoHTces
Stock invest'ts (market value)
Amount loaned on collaterals.
$9,557,867
$363,140
973,360
Lincoln Trust Company (New Kork).
—
$9,847,314
101,7.*il
$397,1S1
833.431
$43,368,336 $36,891,048
$37,490,568 $43,368,336 $36,891,048
Supplementary.
Total am't profits during year. $1,950,8-^6
$2,089,302
$1,864,792
Int. credited dep's same per'd.
944,297
918,565
824,941
Exp. of institufn same per'd..
295.125
259,059
239.667
Am't of divs. decl'd, same per'd
340,060
205,000
70,000
Am'tofdep.onwlilohint.i8aU'd 26,4 1 2,614
30,721,865
28,745,083
Rate of interest
2 to 4 p. o. 2 to 4 p. 0. liflto4i2p. o
Bonds and mortgages
100,470
$1,000,000
1,000,000
417,342
231,370
5,550.371
1,143,102
125,601
89,571
Manhattan Trust Company (New York).
Total
Dec. 31, '03.
$1,000,000
1,000,000
461,004
301.162
6,963,257
919,670
177.010
66,727
10o,000
0,605,200
2 to 4 p. c.
Bonds and mortgages
Dec. 31, '02.
I/iabilitieg.
Capital stock
$9,557,357
$4.^0,864
Regourees.
Dtc. 31, '03.
Total
Total
$9,847,314
McVlckar Realty Trust Company (New York).
$500,000
1,000,000
$11,362,629
Resources.
Dee. 31, '03
Total
30, '03. Dec. 31, '02.
$408,333
4H9,775
8,559,055
617,700
235,990
422,423
428,967
79,739
$408,133
409,387
$11,362,629
Go. (Brooklyn).
He SO tl t*CC8
De^.Sl.'OS. June30,'03. Dec. 31 ,'02.
Bonds and mortgages
$1,076,500
$1,081,100
$827,275
Stock Invesfs (market Talne)..
2,3:^9.6:^5
1,825.891
1,615,580
Am't loaned on collaterals
4,178,360
5,280,030
5,874,399
Am't loaned on pers'l soourit's
441,210
604,160
370,817
Real estate (estimated value)...
46,428
66,000
160,000
Cash on hand
322,421
370,487
45,866
6-i3,878
Cash on deposit
479,162
513,966
Other assets
145,930
140,484
149,454
Bate of interest
478.875
616,240
69,302
Total
hong Island Loan & Trnst
Liabilities.
Liabilxties.
Capital stock
[Vol. Lxxviii.
$7,930,340
$3,730,625
$80,272
66.538
64,617
6,785,340
$44 161
lto4p.c.
*For the six months only, Jan. 1 to June 30.
8*998
30*286
2,6961372
Ito4p.o.
$2,000,000
6,000.000
190,900
Deposits in trust
9,669 454
General dep'ts, pay. on dem'd.. 28,290,896
Due trust companies
5,8^8,482
Due savings banks
4,294.513
556.874
Due banks and bankers
1,521,374
Other liabilities
Capitalstock
Surplusfund
Undivided profits
6,90<',339
4,708,229
1,073.200
1,448,804
$58,381,992 $67,330,504
Supplementary,
Total am't profits during year. *2,820.136 *$1.415.688
•681.331
Int. credited dep's. same pei'd.
1,407,415
'106.679
199.602
Exp. of institufn, same per'd.
'300,000
6OO.00O
Am't of div8.decrd,same per'd
Amt.ofdep.onwhlchint.isall'd 45,204.678
54.041,561
Total
Rate of interest
*
lto4%p.
For the elx months only, Jan.
1 to
o.
June
1 to 4^2 p.
30.
c.
47,283,905
3,015,341
3,675,781
421,092
662,312
$62,616,065
$2,674,366
1,272,020
183.326
800,000
48,281.592
lto4>«p.
0.
Feb,
6,
THE CHRONICLE.
1904. J
Nassau Trust Company (Brooklyn).
Merchants' Trust Company (New York}.
BesourctM.
Dec. 31, '03.
Stock Inv'stm'te (market value) $1,385,522
Amount loaned-onooUateralB. 2,746,52)
114,863
Cash on hand...
504,864
Cash on deposit
106,803
Other assets
$4,858,572
Total
563
Ji€SO'UT'CCS
June 30,
'03.
Bet. 31, '02.
$1,188,237
3,252,945
111,768
1,867,8S5
78,613
$948,629
3,549,792
117,367
$6,499,398
$6,712,875
2,054,640
42,447
Dec. 31, '03.
June30,'03.
$330,269
9(i3.978
918,125
Bonds and mortgages
Dee. 31, '02.
$337,433
£66,705
166,000
327,967
708,173
113,608
4,196,390
325,478
166.000
326,483
771,366
66,392
$352,219
710,271
4,627,656
297,703
167,000
63,530
632,430
80,622
$7,056,579
$7,120,493
$6,931,431
$500,000
506,108
66,119
$500,000
500,eOO
$500,000
471,395
59,573
4,647.387
65,000
941,266
300,354
30,345
5,042,926
Stock invest's (market value)..
Amount loaned on collaterals.
An? t loaned on pers'l securit's,
Real estate (est. value)
3,932,715
Oashonhand
Cash on deposit
Other assets
Lidbllittes.
Capital stock
Surplus fund.
Undivided
$500,000
$500,000
1,000,000
442,976
4,272,610
l,00o,000
455,098
4,392,650
103,557
158,342
21,913
126,700
181,465
56,962
239,7.53
profits
Gen'l deposits payable on dem.
2,929,734
1,383
68,620
Due trust companies
Due savings banks
Due banks and bankers
Otber
$500,000
1,000,000
101,080
18,002
liabilities
$6,499,398
$6,712,875
$4,858,572
Supplementary.
*$88,006
$194,673
$697,445
Tot.amt.of profits during year.
'65,5i7
118,453
213,856
Int. credited depos. same per'd
*106,065
97,487
282,987
Exp.of institution, same per'd.
4.443,262
2,853.664
4,675,399
Amt.of dep. onwh.int.isall'd.
lJfito4p.
liflto4p.
to
o.
c.
2
4 p.
o.
Bate of interest
Total
Metropolitan Trust Company (New York).
Resources.
Dec. 31, '03.
Jtme 30, '03. Dec. 31,
$544,500
Stock Invest's (market value).. 2,266,452
Am't loaned on collaterals .. 22,372,618
638,553
Real estate (estimated value)..
206,741
Cashonliand
2,153,119
Cash on deposit
344,211
Other assets
1,395,905
28,759,685
638,700
522,067
1,249,675
266,566
$550,733
14,565,919
548,000
12,319
1,872,682
194,984
$28,375,694
$33,377,098
$17,744,637
Total
Idabilities,
$2,000,000
5,000,000
524,628
823,038
21,117,249
712,423
1,397,100
1,554,335
248,325
$1,000,000
1,000,000
1,369,577
$28,375,694
$33,377,098
$17,744,637
*$641,338
*290,453
'65,324
*156,352
24,500,000
$1,067,400
465,014
88,523
100,000
13,424,673
Total
Supplementary.
Tot.am't of profits during year. $1,442,561
607.415
Int, credited dep's same per'd.
Exp. of institut'n same per'd.
132,650
316,352
Am'tofdep.onwhichint.isall'd 19,293,731
lJflto4iap.o.
Bate of interest
Am't
of divs, dec.
same
per'd.
Capital stock
Undivided profits
Deposits in trust
Gen'l deposits, pay'ble on dem.
Other
1 to 5 p.
c.
11,828.798
174,452
1,709,634
529,369
132,807
922,398
59,640
115,014
$7,056,579
Supplementary.
$7,120,493
$6,931,431
$330,452
157,141
52,372
30,000
*$165,390
*78,396
*23,138
*15,000
6,060,035
2 to 4 p. o.
$312,906
149,257
42,108
30,000
5,844,922
2 to 4 p. c.
liabilities
Total
Total am't profits during year.
Int. credited dep's, same per'd.
Exp. of institution, same per'd
Amt.of divs. decl'd, same per'd
Amt of dep.onwhichint.is all'd
6,020,128
Rate of interest
2to4p.c.
New York
Life Insurance
Dec 31,
TotaL
$48,271,082
Dae savings banks
Due banks and bankers
Other
liabilities
Total
jMne30,'03.
$9,500,797
35,469,610
I?cc. 31, '02.
1,756,000
28.464
14,176,518
844,629
$8,422,093
34,066,376
3,320,500
29,444
12,921,871
190,195
$61,776,018
$58,950,479
1,234,861
1,347,543
84,035
$2,000,000
2,000,000
3,815,982
5,282,723
35,043,850
2,309,710
2,157,962
6,240,812
99,440
$48,271,032
$61,776,018
$58,950,479
$1,018,278
524,^25
114,305
200,000
41,471,165
1 to 3 p. c.
$2,914,029
943,681
287,612
300,000
35,955,580
Supplementary
Stock investm'ts (market val).. $1,120,728
Amount loaned on collaterals. 1,066,661
Am't loaned on pers'lseour's.. 1,969,669
Oashonhand
356,190
Cash on deposit
443,122
Other assets
33,790
$37,007,434
Capital stock
$1,000,000
Surplusfund
3,89.5,923
June
^0. '03.
$1,156,515
634,450
1,615,896
214,088
481,562
31,945
5,642.',J62
11,026,()31
$1,000,000
3,905,857
38,447
26,603,026
63,000
10,000
3,289,853
$1,000,000
4,112,386
40,045
28,642,868
63,339
10,000
3,138,796
$36,905,330 $34,910,183
Supplementary.
*$955,364
Total am't profits during year. $1,826,690
*47 1,535
Int. credited dep's same per'd.
1,008,368
*76,311
Exp. of institution, same per'd
153,431
*200,000
400,000
Am'tof divs. decl'd.same per'd
Amt.ofdep.onwhichint.lsall'd 28,912,408
26,676,026
1 to 5 p. c.
1 to 5 p. c.
Rate of interest
$37,007,434
81,821
28,849,209
63,198
Undivided profits
Deposits in trust
Due savings banks
Due banks and bankers
Other liabilities
3,065,179
Total
New York
Security
& Trust
Co.
$1,758,817
936,165
139,514
400,000
28,716,208
1 to 5 p. o.
(New York).
Dec 31, '03. Jtme30,'C3. Dec. 31, '02.
$291,300
$514,500
$986,820
Stock invest's (market value).. 10,717,731
Am'tloaned on collaterals .... 18,944,328
Am't loaned on pers'l securit's.
277,300
Oashonhand
20,778
Cash on deposit
4,495,639
Otherassets
516,168
12,562,0-3
24,654,952
458,800
36,749
6,936,145
461,655
13,980,018
26,321,875
204,702
35,159
9,017,220
470,066
$35,263.'M4
$45,622,884
$51,015,860
$1,000,000
4,000,000
231,869
$1,000,000
4,000,000
44,570
Total
Liabilities.
Capitalstock
$1,000,000
4,000,000
278,423
Deposits in trust
990,417
General dep. pay. on:demand.. 27,845,080
Due trust companies
896,920
Due savings banks
17.132
Due banks and bankers
193,399
Other liabilities
41,873
Surplusfund
Undivided profits
Dec. 31,'02.
100,212
$35,263,244 $45,622,884
Supplementary.
Total am't profits durlngjyear. $2,208,546 *$1,223,696
*595,lh0
Int. credited dep's same per'd.
1,126,625
Exp. of instltut n same per'd..
*83,136
156,7i)9
Am'tofdiv. decl'd same per'd..
*160,000
320,000
Am'tofdep.onwhichint.is all'd 28,603,641
39,084,759
Rate of interest
1 to 4 p. o. lto3iflp. o.
jEOQi=nc
*o,ztix,ovb
J
580,772
17,386
31,363
60,263
$51,015,860
$3,413,987
1,365,868
130,312
290,000
44,522,612
lto3iflp. o.
North American Trust Company (New York).
Resources.
Dee. 31, '03.
Bonds and mortgages
$87,500
Stock inves'ls (market value)..
Amouut loaned on collaterals.
Am'tloaned on pers'l securities
Real ©state (estimated value)..
$948,640
Cashon hand
1,014,668
Cash on deposit
292,037
52,609
166,581
37,730
)
38,607,997
1,604,548
78,258
Total
lto3p. o.
Mutual Alliance Trust Company (New York.)
Resources.
Dee. 31, '03.
$36,905,330 $34,910,183
j
Bonds and mortgages
$2,000,000
2,000,000
4,012,366
656,554
45,327,502
3,947,696
1,647,631
2,041,190
143,079
Tot. amt. of profits during year. $2,087,721
Int. credited depos. same per'd
981,037
Exp. of institution same per'd.
242,088
Amt. of divs. decl'd same per'd
400,000
Amt. of dep. on wh. int. is all'd. 23,758,402
Rate of interest
lto3p. o.
921.992
2,000,000
446,252
1,971,390
$3,613,666
11,255,139
8,862,850
6,228,012
827,554
2,500,000
1,343,702
2,376,511
ItCSO'ltT C€S
Liabilities.
Capitalstock
$2,000,000
Surplus fund
2,000,000
Undivided profits
4,086,789
Deposits in trust
938,171
General deposits pay. on dem. 33,941,815
Due trust CO mpaHies.....c.... 2,637,868
Dec. 31, '02.
Liabilities.
l^to5p. o.
Resources.
Dec. 31, '03.
June
'03.
York).
30, '03.
Oashonhand
Morton Trust Company (New York).
8tooklnv'stm't8(market value) $9,471,668
Amount loaned on collaterals. 18,492,346
Amt. loaned on per s'l securities 4. 49,509
^9,931
Oashonhand
15,?3l,384
Cash on deposit
776,21*
Other assets
& Trust (New
$4,143,401
8,S07,672
6,073,282
10,115,606
1,602,317
3,000,000
1,201,052
1,962,000
Stock invests, (market valae)..
Amount loaned on collaterals.
Am't loaned on pers'l securit's
Real estate (estimated value)..
Total
25.<'C0
$3,707,316
9,194,340
Bonds and mortgages
Cash on deposit
Other assets
69.7:^9
4,534,197
50,722
1,200,530
Due trust companies
Due savings banks
Due banks and bankers
,
$2,000,000
5,000,000
Surplusfund
958,063
Undivided profits....
914,982
Deposits in trust
General deposits, pay. on dem. 16,906,840
387,280
Due trust companies
1,029,527
Due savings banks
969,997
Dae banks and bankers
209,005
Other liabUities
Capitalstock
Liabilitie.<i.
'02.
$394,000
Bonds and mortgages
Total
Duefrombanks
(
Otherassets
I
Total
2,266,242
8,830,044
1,454,848
850,000
631,918
3,037,942
k.a'7 aaa
547,444
$17,705,938
June 30, '03.
$101,489
Dec. 31, '02.
101,489
$2,557,479
10,509,970
8,707,140
637,e04
669,212
700,000
700,000
1,0j4,i54
49,503
1,554,198
3,367,204
1,031,250
't^q-tqtJ
7o3,737|
456,993
2,6.-i2,979
$19,727,137
$15,827,264
$2,000,000
3,000.000
2,077,740
7,314,H83
2,675,078
552,399
1,937,042
91,0i6
$2,000,000
2,500,000
506,670
1,155,654
6,5)1,871
1,635,006
451,731
1,024,053
42,279
$19,727,137
$15,827,264
*$447,911
"168,739
*81,833
*70,o00
12,400,176
$1,137,716
260,210
148,762
140,000
8,791,294
2 to 4 p. 0.
Liabilities.
Total.
$4,990,160
$4,134,456
$2,512,265
Deposits in trust
Gen'l deposits payable on dem.
Other
$500,000
500.000
$500,000
500,000
18,227
SUrylusfund
Undivided profits
liabilities
Total
1,222
20,700
3,077,497
35,037
8,791
1,473,709
16,739
$4,990,160
$4,134,456
$2,512,265
$57,388
9.999
32,592
1,403,190
2 lo 3 p. o.
Suppltm entary.
$218,709
In r. credited depos. same per'd
4.^,610
*$82,593
'21,021
Exp. of institution same per'd.
98,129
2,392,434
2,384,819
Am't dep. on which
Rate of interest
*
int. is all'd
$50O,C00
500,000
13,026
11,515
3,932,274
28,144
Tot. am't of profits dur'g year.
2 to S^s
p. o.
*.'>0,520
2 to 3iu p.
For the six months only, Jan. 1 to June 30.
o.
$^,000,000
3,000,000
143,606
Deposits in trust
1,633,043
Geueraldep'ts.pay.on demand 6,186,328
Due trust companies
2,743.292
Due savings banks
504,343
Due banks and bankers
1,441,082
Other liabilities
54.245
Surplusfund
Unaivided profits
Liabilities.
Capitalstock
Capitalstock
Total
$17,705,933
Suppiem,e/uary
Total am't profits during year.
lut.crediteddep'rssame period
Kxp. of institution, same peiiod
$8:8,;i01
334,566
1.'=18. 815
Am't of divs. decl'd, same per'd
110.000
Am'tof dep.onwbiohincisall'd 11,118,823
Bate of interest
2to4p.c.
*
7~',979
2 to 5
For the six months only, Jan. 1 to June 30.
p. o.
THE CHRONICLE.
564
[Vol. Lxxviii.
Trust Company of America (New York).
People's Trust Conipanj (Brooklyn).
Sesourees.
June
30, '03.
Dee. 31, '02.
$362,440
$457,138
3.0.:S.43^
3.21ti,655
7,06J.074
1,J05,H13
3,449.202
7.390.049
688,150
233,400
103,530
931,205
146,108
Die. 31. '03.
Bonds
$4-0.018
anil mortiTBges
Stock Invesfts (market value).
Amount loaned on collaterals..
A.m"t loaned on pers'lseonrifs.
B<*1 estate (estimated value)...
Cashonh;»nd
C»«h on doiH>slt
593.i'93
94ii.998
Other assets
209,346
8,191.314
1,202.005
328,516
623,634
1,101,506
205,448
$14,367,524
$15,233,518
$13,398,782
$1,000,000
1,000.000
507,308
339.077
10,384,976
1,157,855
131,393
712,409
$1,000,000
1,000.000
581.632
451,638
7,932.521
1,261,600
254,900
916,491
$14,367,524 $15,233,518
Supplementary.
*$293,226
$5*6,647
Total am't profits dnrlDJ? year.
163,225
328,033
Int. cretlited dep's same per'd.
*47,714
99,653
Exp. of institufn, same per'd.
*60,000
120.000
Am'tiUvs. declared, same per'd
Amt of dep.on which int.isall'd 11,078.156 11,845,765
2 to 4 p. o. 2 to 4ifl p o.
Rate of interest on same
$13,398,782
•:;90,967
Dee. 31, '03.
Bond and mortgages
Stock lnv'8tm't«(market value)
Amount loaned on collaterals.
Amt. loaned on pers'l securities
$612,751
7.234.008
9,554,810
127,700
Cash on hand
Cash on deposit,
Other assets
Liabiiities.
Capital stock
Surplus fund
Undivided
oroflts
Deposits in trust
General dem>slts. pay. on dem.
Due savlniTS banks
Due banks^and bankers
Other
liabilities
$1,000,000
1,000,000
573,102
194.736
9.S40.474
99S,113
131,107
639,992
Total
$599,328
264,352
79.769
120.000
10.230.323
2 to 4 p.
o.
Bonds and mortgages
$273,500
$288,000
1,233,062
5,203,547
3,500
1,177,309
5,823,332
372,912
627,710
55,034
1,300,076
6,034,102
6,000
380,052
462,028
50,449
$7,745,265
$8,506,207
$8,209,925
$500,000
250,000
405,323
$500,000
250,000
394,378
6,52^,852
7,318,375
$500,000
250,000
379,840
n'•"^"•^•»*
non =^'i±
66,590
43,454
59,551
$3,506,207
$8,209,925
'$186,543
*114,676
*26,748
*25,000
7,216,047
$393,377
214,717
50.711
50,000
Other aaseta.
Surplng fund
Undivided profits
Deposits in trust
General dep. pay. on demand.
600
22,272
851,568
41,944
Other
>
S
liabilities
TotaL
$7,745,265
Supplementary.
Total am't profits during year.
$352,414
Int. credited dep'rs same per'd
215,240
Exp. of institution same per'd
53.203
Amt.ofdivs.decl'd. same per'd
50,000
Amtdep. on wh. Int. is allowed 6,389,964
liate of interest
2 to 4 p. o.
2 to 4 p.
6,905,522
2 to 4 p. c.
o.
Total
30, '03.
Dec. 31, '02.
$32,789
2,799,958
6,843,678
79,711
291,696
2,993,496
117,760
$2,545,863
7,350,213
149,658
29,419
4,349,983
116,288
$14,061,390 $13,209,038
$14,541,423
Stock Inves'ts (market value).
Amount loaned on collaterals.
Amt. loaned on pers'l seouril's.
Cash on hand
Cash on deposit
Other assets
Total
June
«32,739
2,939,013
6,156,844
299,178
171,605
4,327,600
134,361
$1,000,000
500,000
406,492
1,001,044
8,445,528
448,824
353,851
211,026
842,323
$1,000,000
600,000
Undivided profits
406,724
Deposits In trust.
1,134.320
Gen'l dep., payable on dem'd..
8,064.985
Due trust companies
642.665
Due savings banks
198.360
Due banks and bankers
133,300
Other liabilities
1,925,536
$1,000,000
500,000
355,071
607,109
8,500.153
1,243,631
168,660
212,421
2,054.378
Total
$14,061,390 $13,209,088 $14,541,423
8-upplementary.
Total am't profits dtirlng year.
•$851,413
$465,331
$738,226
"121,832
Int. credited deps., same per'd.
239,542
309,048
Exp. of institufn, same ner'd.
*48,159
88,702
97,918
*30,000
Amt.ofdivs.deol'd, same per'd
60,000
60.000
Amtof dep. on which intlsall'd 9,305,628 10,311,042 10,479,137
Bate of Interest
2 to 4 p. o.
2 to 4 p. o.
2 to 4 p. c.
Title Guarantee
& Trust
Co.
Resources.
Dee. 31. '03.
Bonds and mortgages
Cash on hand
Cash on deposit
Other assets
'lov&L
(New York).
June30,'03. Dee. SI,
$8,493,365
2,211,975
9,434,563
553,343
319,061
860,858
1.695,637
1.122,499
$8,261,941
1,115,000
5,160
$25,484,762
$24,696,301
$10,932,507
$4,375,000
3,625,000
Undivided profits
780.035
Deposits In trust
201.576
Gen'l dep., payable on dem'd.. 14,400,757
Due trust companies
322,278
Due savings banks
1,266,720
banks
an
bankers
Due
1
123,693
Other liabilities
389,703
$4,375,000
3,625,000
361,141
163,867
14,008.995
368,871
975,355
380,151
437,921
$24,912,108
$23,761,201
•$452,672
-218,544
*62,344
"lOO.OOO
18,397.719
$1,049,786
439,634
119.160
175,000
17.789,169
$20,431,305
Bonds and mort?asres
320.000
32,098
717,471
480,837
$4,000,000
2,500,000
292.718
129,286
2.643,967
289,891
1,076,645
Total
Total
I
$59,439,792
Capital stock
Surplus fund
Deposits in trust
Due trust companies
Due savtnss banks
Due banks and Ijankers
1 to
Jtme
30.
$622,860
1,900.000
4,019.576
1,725,038
609,144
$68,294,996
$62,381,985
$1,000,000
7,542,226
51,809,370
370,141
5,223,098
157,556
2,192,605
$1,000,000
7,516,333
47,461,446
498,002
4,727,341
150,727
1,023,131
Other
$68,294,996
$62,381,985
*$1,480,607
'843,376
•108,885
*250,000
56,646,723
1 to 4 p. o.
3,279,635
1,738,818
212,485
425,000
51,092,138
1 to 4 p. o
498,6:>4
4,6Si,643
46.189
2f422,679
liabilities
Total
$59,439,792
Supplementary.
Total am't profits during year. $2,857,612
Int. credited dep's, same per'd
1,622,181
Exp. of institution, same per'd
222,224
Am't of divs.deol'd,8ame per'd
500,000
Amt.ofdep.onwhlchint.isaU'd 47,027,242
1 to 4 p.
United States Mortgage
&
c.
Trust (New York).
Eesaurces.
Dee. 31. '03.
Bonds and mortgages
$10,376,811
Stock invest'8 (market value)..
6,341,375
Loaned on ooUaterals
10,298,714
Loaned on personal sectirities.
107.448
Cashonhand
596.363
Cash on deposit
3,211,490
Other assets
1,262,448
June
30, '03.
Dec
31, '02.
$10,069,459
8.010,203
12,906,992
177,103
707,432
3,905,989
773,243
$10,250,617
6,597.149
8,895,109
171,450
174,055
5,244,967
783,94S_
$36,550,426
$32,117,290
$2,000,000
3,000,000
609,440
809,500
14.920,581
2,183,602
385,803
2,010,483
10,681,017
$2,000,000
3,000,000
548,617
818.501
12.206,192
2,259,814
517,659
418,338
10,348,269
$32,694,649 $36,550,426
Supplementary.
Total am't profits during year. $1,622,791
*$814,274
'424,993
857,720
Int. credited dep's, same per'd.
*126,997
Exp. of institution, same per'd.
266,511
*160,000
320,000
Am't of divs. deol'd. same per'd.
Am'tofdep-onwhlchlnt-lsall'd. 16,090,277
19,626,796
Rate of interest
1 to 4 p. c. 1^ to 4 p. o.
$33,117,290
Total
$82,694,649
Liabilities.
Capital stock
Surplus fund
$2,000,000
3,000,000
Undivided profits
415.355
Deposits in trust
742,022
General deposits, pay. on dem. 12,714.756
Due trust companies
1,850,790
Due savings banks
379,931
Due banks and bankers
783,992
Other Uabilities
10,807,753
Total
$1,946,475
748,087
228,824
300,000
14,504,895
2 to 4 p. o.
United States Trust Company (New York).
Resources.
Dee.31,'03. June 30, '03.
$4.2'^6.000
$3,971,500
Stock invest'ts (market value).
8,146,125
10,437.771
Amount loaned on ooUaterals. 34,926,770 44,189,400
Am't loaned on pers'l seourlt's 5,658.902
8,363,020
I.OOO.OOO
1,000.000
Real estate (estimated value)..
Cash on deposit
7,759.033
7,517,528
849,431
845,561
Other assets
Bonds and mortgages
$62,311,766
Total
Dm,31,'02.
$4,231,000
9,322,435
42,558,000
8,186.873
1,000,000
8,602,584
961,598
$77,139,280
$74,862,490
$2,000,000
10,000,000
2,274,834
$2,000,000
10,000,000
2,271,907
57,581.290
55,223,227
710,408
3,103,711
493,109
1,055,128
Liabilities.
Capital stock
Surplus fund
Undivided
profits
$2,000,000
10,000,000
2,426,905
Deposits in trust and general
deposits payable on demand 41,586,540
Due trust companies
1,671,633
Due savings banks
3,622,203
81,545
Due banks and bankers
Other liabUities
1.1.^2.1S3
2,991,850
65,272
1,073,851
922,940
Rate of interest
For the six months only, Jan.
Dee. 31. '02.
10,751,883
44,471,668
1,900,000
2,021,607
2,087,457
526,510
$1,000,000
7,961,531
42,828,096
Rate of interest
•
30, '03.
$608,860
10,934,510
48,497,868
Liabilities.
62.311,766
Supplemenia n/.
Total am't profits during year. $3,369,324
I*flto4i3p.o.
June
$297,860
$25,484,762 $24,696,301 $10,932,507
Supplementary.
Total am't nrofits during year. $2,695,942 *$1.436,275
2,132,915
$44^,694
'203,052
146,118
Int. credited deps., same per'd.
*531,136
Expens. of Lnstffn, same per'd 1,061,546
864,539
525,000
•525,000
Amt. divs. declared. same per'd
1,800,000
15,438,091
Amt. of dep. on wh. int. allowed 16.039,794
3,730,346
mto4p.o. I^to4p.o.
li3to3i«% liato4p.o.
Stock invest'ts (book value)...
9,806,096
Amount loaned on coUaterals. 42,450,742
Real estate (estimated value) . 1,900,000
Cashonhand
2,319,496
Cash on deposit
2,201.054
Other assets
464,544
Liabilities.
Capital stock
Surplus fond.
$2,500,000
2,500,000
650,028
257,037
13,045,524
1,417,406
574,054
2,677,420
139,732
Eesources.
Dee. 31, '03.
'02.
$9,724,814
3,0i2,694
8,150,706
617,805
320,000
829,326
1,589,480
1,219,937
Stock Investm'ts (market val.)
Amount loaned on collaterals.
Amt. loaned on pers'l secor^'s.
Real estate (estimated value).
$2,500,000
2,500,000
714,621
449,785
11,888,898
2,018,949
845,024
3,867,425
127,406
$983,770
416,142
Exp. of Institution, same per'd.
127.355
Amt. of divs. deol'd same per'd
200,000
Amt. ofdep'sonwh.int.isall'd 14,235.536
Rate of interest
1 to 4 p. o.
Liabilities.
Capital stock
Surplus fund
$23,761,201
Total am't profits during year.
Int. credited depos. same per'd
Besourcet.
Dec. 31. '03.
$24,912,108
SuppUmentary.
Rate of interest
Standard Tmst Company (New York).
Bonds and mortgages
$20,431,305
$2,500,000
2,500,000
Undivided profits
574,850
Deposits in trust
221,940
Gen'l deposits payable on dem, 11,147,238
Due trust companies
698,547
Due savings banks
87r>,585
Due banks and bankers
1,555,097
Other liabilities
358,048
Liabiiities.
Capital stock
2,696,715
156,849
7,553.070
12,701.286
365,800
387,417
3,120,779
182,321
Capital stock
Surplus fund
Dec. 31, '02
'03.
31, '02.
$895,768
7,712.996
12,129,990
153,100
26,577
2,678,432
164,338
Union Trust Company (New York).
$250,500
Stock Inves'ts (inarket value).
Amount loaned on coUaterals.
Amt. loaned on pers'l seourlt's.
Cash on hand.
Cash on deposit
TotaL
/un«30,
Dm.
Liabilities.
Beal Estate Trust Company (New York).
JiesoMrcet.
Dec. 31. '03.
30, '03.
$601,435
4><,472
Total
TotaL
June
77,139,280 $74,862,490
Total
Int. cred. dep's, same period..
Exp. of institution, same per'd.
Am't of divs. decld. same per'd
1,826,297
193.799
1,000,000
Amt.ofdep.on which lnt.l8aU'd 45,928.237
*
lto3»9p.
o.
*
$1,716,697
•966,876
•111,887
^500,000
60.742.771
lto3>«p.
For the six months only, Jan, 1 to June 30.
o.
$3,930,832
2,219,918
156.144
1,000,000
56,158,250
Ito4p.o.
m
^H'
Feb.
6,
THE CHRONICLE.
1904.]
565
Willlamebui^ Trust Company (Brooklyn).
Tan Norden Trust Compaoy (New York).
Stock iaTOBt. cni&riet ralue)..
June 30, '03. Dee. 31, '02.
$530,000
$30,000
$527,800
l,226,;i00
522,537
1.008,650
AmtlroflBed oa penTl Boeoi'B.
2,792,318
1,290,938
Resource*.
Dee. 31 '03.
June 30, '03.
Sonde and mortgugeB
$297,350
$269,350
Stock in vest'ts (market value).
$273,500
1,776,353
2,559,799
844,313
198,368
1,761.071
2,317,023
1,420,861
2,219,664
722,057
238,964
654,678
52,417
201,158
415,353
51,143
574,491
180,800
55,a58
817,873
10,420
$6,622,242
$5,921,490
$5,553,467
$700,000
350,000
185,470
$700,000
350,000
183,741
40,578
4,862,710
362,222
102,651
18,611
24,667
4,236,145
$700,000
350,000
166,430
25.412
426,937
402,930
22,104
$6,622,242
Supplementary.
$257,468
Total amt profits during year.
115,741
Int. credited dep's, same per'd.
72,547
Exp. of Ingtltufn same per'd.
56,000
AmtofdlTB.decl'd same per'd
5.327,583
Am'tofdep-onwhichint-lsall'd
2 to 4 p. o.
Bate of interest
$5,921,490
$5,553,467
'$123,670
$261,045
93,020
49,808
56,000
4,314,934
I>cc 31, '03.
BoadBSBd
Biort?&£res
CaAffBkaBd .-
OaAoi deposit
Otter aasetB.
TotaL.
3,330,0B8
271,718
870,317
1,032.917
3.563.333
764,545
745J2B0
688,683
1,835,529
$7,794,658
$3,649,907
$6,864,096
$1,000,000
1,000,000
127,671
2,626
4,398,763
158,625
457,673
1,330,032
174,507
$1,C 00,000
576,749
547,145
678,187
675,627
,
Amount
loaaied on collaterals
Am't loaned on pers'l securirB
Keal estate (eetlmatedTalue).
Caslionliand
Cash on deposit
Other as&et8
LiabilUiet.
$1,000,000
l.OCO.OOO
101,224
72?,618
2,732,781
742,186
39 2,351
821,984
274,514
Ca^talBtock.
SnntBBfBBd
Unmrided profits
Geandepk
I>ae1znBt
I>ae8»Tta0S ba^EBL
Doe taaka wmA bamtara]
OtterWaWWCtw
Total
1,000,000
34,802
9,358
3,056,012
762.041
449,015
547,563
5,000
$7,794,658
Bupplemtntary.
$334,363
Tot. am't "profits dnr. the year.
104,007
Int. credited dep's Bame per'd.
123.150
ExpL <tf iB^ttoTB OBie po'd.
4.972.377
TH- t^iUm am -rttali !* In an'tl
lto4p.
Bate of nrtereBt
W&sMs^on
$3,649,907
$6,364,096
'$176,850
'23.534
'55,447
5,134,329
2 to 4 p. c
$171,062
49,391
61,655
Capital stock
Surplus fund
UDdiTided profits
Deposits in tmst
Gen. depos. payable on dem'd.
Due Banngs banks
Due banks and bankers
Total
o.
2,733.953
2 to 4 p. c.
Trust Company (New York).
Resouixes.
Dec 31, '08.
BoidB and mortgages
June
$402,800
624,165
8,430,450
30, '03.
Dec. 31, "02.
$299,300
$44. "00
940,531
8,586,350
CaAmiltamL
OmA4« deposit.
457,251
461,523
Otteraeeete.
259,53=»
1,119.357
9,247,350
60,000
526,564
561,063
120,981
$10,783,233
$11,935,115
$10,521,774
$500,000
500,000
432.209
$500,000
500,000
406,212
8,789,989
100.778
1,523,476
35,663
7,627,191
$11,955,115
$10^21,774
-$256,345
*154,370
•31,158
-30,000
10,397,753
1 to 4 p. e.
$495,961
243,045
57,329
60,000
Btock iBT-estts (maEkst Taluei
iiii—l loaaed on collaterals.
•iTnt Inanrifl im rmnl nr mrifn
il
147,3(>0
TotaL.
210,000
4,113
644,367
91,753
BtLTTllS
troBt
fits p«TT)le on dem..
-T-anteB
^nVa
.
;
>
7,529,852 5
35.368
1,702,056
62,945
.$10,783,233
TotiJaBti
I
Suppt'Cmeniartf.
$521 ,351
dnzins year.
eca^M dap's
epo'd.
309. S39
z:x]i.oflBstit^a8
tpei'd..
jLi^
-f l:va.deera Bsme per'd
Aniuciiep-OB-wtriehlrtLisaU'd
74,635
60.000
9,236,153
Kate
lto4p,c-
Int.
I
of iarereet...
For
'
th.e
six monti.= onlr. Jan. 1 to
Jnne
50,303
1,390.360
47,703
9,035,299
1 to 4 p. 0.
Canadian Bank Clearing^s.— The Clearings of the Canadian Banks for the month of January, 1904, show a
decrease from the same month of 1903, but make a very
satisfactory comparison with either 1902 or 1901.
1»32.
1903.
J>ec
Dee. 31, '02.
$1,398,286
300,000
44,253
1,009,569
35,380
$5,568,532
$6,921,2€3
$2,787,488
$1,000,000
5C0,C00
30.486
3,950.244
411,283
984,250
15,000
$1,000,000
$6,921,263
$2,787,488
liiabUities,
$l,OO0,OCO
475,042
Capital stock
Surpjus fund
UndiTided profits
Gen'l deposits payable on dem.
Due tmet oompanies
Due banks and bankers
Other liabmtieB
2,939,617
821.916
331,957
$5,563,532
Total
%
Hontreal..
ToroEto .
Winnipeg..
Hklzf&x
.
Total am t of pxaAtodnr'g year
Int. credited oepoa. game per'd
Exp. of tnstttattonduTlDgyear
Amt dep. onirtileli int.
Bate ol tntereet.
Tor the
six
months
CiMWingt— Beturru
i>y
WtA, £iidin«
Kew York
96370 746
75.732.S1S -ii-s'
1S.045,«S£
7.885.926
is-s
A,82ai41
aaesw978
&.41S,»8
Qnebea^...
—in
77,fiaB.812
i
—
a735.355
5,774,5«
vaneovrer
—1-9
—8-3
4,87534':
4,iV!l.40»
S.19O.S30
74.095.F3S
64.21 1,587
714 15.376
143(S381
^340alS
9.&23;.466
Totv! CtaaAh.
805.971.T7S
^531g.90Ci
54399.221
8.OB&3IS
7,lfl«.7Bi
43aMM
8309348
-l-e^
a.1
-1-4-4
a.1
3384.712
S.0e2376
—0-5
2.73S.5S1
3357.697
—»1
1893*1.079
15ft.53^.814
&eiA39E -1-9
nmsm
The clearings for the week ending Jan. 30 make an tta^avorable exhibit, the decrease in the aggregate from 1903
haxing been 10'3 i>er cent.
Week
frkdin; JamaM-ry 90.
--'''•'''-
IWA.
only, Jan. 1 to
S
MoEtraal
..............
1B3BS3M
—17-{:
-i-r
7343W
+80->
^:S
ft46.C«l
©^5.416
«Sa.45S
422.336
5S4_-»l| —87-7
1.135-Sl
1,035.&41
8K.3SS
'
-
a.,,,...,...,,,.
^
(
1,07 i.ar.
l,O30.4Sl
13(i4.7S0
1,502.358
ynt:-*-?
.._
:
Ir"! 1.
l:* --
peg
h.
*HT ...............
Ot-liT V. .............
~
9b
19.00839*
14,«»4.3&6
W
H —
§-_
«
lfi02.
—Iff*
—17-3
+S-9
1:-•
-.•
TDr:-t.o_
3.954710
i.4&4jr.
i,?:-
797.77*
4auM83n
,
;
—
-;.
.-•
1
-I-1-6
-lO-S
15 815 442
11.^
-
2.;.-.
1,4 Ti
June 30.
reWrairiL
Peb.
Louis.
1903.
«l,067358.70e
11311,178,028
116,SS7,S«)
, .
*.
98,194383
19,534,0^7
141.926.960
20,660324
139,925317
52313.451
41,2313m
U363,4l8
-5-4
+1-4
+26-9
4^7-2
=^
Seren citie», 5 dajs.
Otner citie*. 5 dars
$1,500,183,104
308,476423
ri,752,9«7378
290464,913
-13-9
44-8
Total all cities. 5 days....
All cities, 1 day
91,811,650327
353368.914
$2,043412,791
375,515398
-U-4
$2,418,623,189
-10-5
Total
dues
ail
for week.
Onr nsual monthly
$2,164,928,441
-6-0
detailed statement of transactions on
the varions New York Exchanges is appended. The r^nlta
for the month of January in 1904 and 1903 are given below.
JaniULTv. 1(03
JoniiOTK, 1904.
1
Vaiue
Price. or QiMMtltt
4t>er'pr Pair
*«-*l^ai:,ll^;iLPt
aa. bonds..
g-OTtbonda
Stat« bondB
$!i0 4S^.&:>0
Aetuai
^ver'n
Vaiut,
Prie«.
»«e.948.996 57-7
$&40?7.903 79-5
$151!^4^
1.9043683191 79-5
$66,761 6C>0
$203,932 106-0
-•4
fll 8-*
$207,254 254-2
$1293.0
$62,468,914 9S-«
$35,002 109-1
$44.7(6 34-6
$55 2D0
$165.1'»a04-7
WA.yAi
$lS5,coo
$89,400
$32 000
-
TOtAll
-
, .-
—u-1
l$15=«243150 1,267.^5,012 SO"!
Total.... ;$1240.«5.875 $73'.399,?59 59-0
49.374,700
42.687,500,86 15.S2i 45,611,600
S3341,3lP 77c.
&r»tB.,l)nBlu
:
^i
-19-4
-3-4
120.595,162
104.793,105
8s,123,974
Orleans
P. Cent
1904.
6.
PlxilBdelpbia.
Banknoeki
^^-
isoa
143
1902.
-^-19-1
HLamiltoiL..
Bt. John...
12,872
674,473
600,000
-$204,544
-46,741
-53,764
4,306
5,292,522
1,215.184
Av. 245P-C 2to3isp. c
$303,558
99,677
127,360
is all'd
4.067,921
Av. 2-93 p.o.
Boston.
Kaw
I
«7ja2.7e4
SMM.oaC'
OOMTk....
%
5(X),000
fiwjjpiementory.
Baltimore
10(^
Junt
30,'03.
St.
;In.or|
c.
$1,914,155
3,251,115
2€«,111
1,352,097
135,785
CMcago.
UtMirvf^t at
2 to 4 p.
Stock lnTeBtin*te (market vaL) $1,785,533
Amount loaned on oollaterals. 2,603.304
109,875
Cdshonliand
864,790
Cash on deposit
205,025
Other assets
'
30.
'51,522
'36.333
-28,000
4,573,822
2 to 4 p. c.
Betoureet.
JHe. 31, '03.
Total
$500,000
500,000
452,512
3,455,650
430,861
Windsor Trust Company (New York).
LiafnJitits.
Capital rtoek
183300
Liabilities.
Other liabilities
TotaL
De^. 31. '02.
.
1351017
997,119
006.248
637346
^&396
SSSflOS
ffi.8Z2.050
9B34S3ia
$: 74.0863591
ie.
1.90K.526,83C
The volume of transactions in share properties on the New
Tork Stock Exchange each month since July 1 in 1903-04
and 1902-03 is indicated in the following:
aiLL«8 or 9TOCKB AT KBW TOSK STOCK KXCHASGB
1902.
190S.
FoluM.
I
of Skmru.
—
Clearings by Telegraph. Sales of Stoekg, Bonds, *c.—
The snbjodned table, covering clearings for the cnrrent week,
OBDally appeazBon the fizst page of the Chbosxcle, bnt on acooimt of the lengtti of tlie otiier tableB is crowded ont once a
month. The figure are received bj telegraph from the leading eitiea. It will be observed fliat as compared with the
oofrrespoDding week of
1908 l^ere is a decrease in the
aggr^ate of 10-5 per cent. So far as the individual cities are
ooooemed. New York exhibits a loss of 19 '4 per cent, Boston S-4 per cent, Philadelphia 11-1 per cent and Baltimore 5'4
per oent. Chicago records a gain of 1*4 per cent, St. Lonis
SB'S per oent and New Orleans 97 2 per cent.
Par.
Vaixtet.
Swiiber
Aetuoi. '«r Shoret.
Par.
Actual.
lAJBCB^nB 137B.497.9a' 1,018341,179 ia.SSS3Sl 1357.687,075 l,S01.476.»ll
13B1.a5«..V>0 UMK411,40»,lA,S14.a27;i374.68B.125 l,0aS,78S362
U3WUM» 13B13Sa3O0
Sept.. io,7gMai 1306,980395 70e.aB4318aO.972.2SS 1.983378,076 1308374317
Jvl7-
Angnst
Sd«r 40370454
8.788,749.625 a734.21«3D6i51,«S94U 4316363,375
Oct... U398.8B3 1308379,690
Rot.... 10,790379 »494Sa37S
1>M..
.
15.«8.143 1.427,727.960
4tli4r, BBjaanjaib
S.976340390
721,047,a92;i6.S61.134 1339300.400 13991.407319
M539e.97>- 17426.062 1319.48B.950 I3oea6a404
81039130919.718.667 1,477.998.960 1344316.002
3385339.97$ 2.199.9^339 t930635S 4.611,106.600 331S.888.113
1904.
ju... i£3es.e24 145»361,BTC
090.048.936 16,0C1.1
IPOS.
1316384.9&C> 1304.66831
—
.
.
—
,
_
«
THE CHRONICLE.
r>()(>
The following uompilation covera the clearings by montbs
•Inoe Jul J 1,
KONTHLT OLBARIMOB.
AU.
Cltarittti. Total
OlMfino*
OutHd^ytw
Tork.
Vol. Lxxvni.
I
Ureud8tofl'8 Figrures UrooKht from Vuga 593. — The
statements below are prepared by us from fif!;ares collected
bv the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Jan. 30
and since Aug. 1, for each of the last three years have been:
AfMrt*.
uoa
IBM.
1
—4-0 3,790,071.937
8,943.6f'9.598 -11-4 :l.856,684.317
8,077,001,196
3,186.724.53?
-60
Chloago
+4 8
Milwaukee
8,863.134,940
+0-9
Dalnth
ai,'-'78,oie,09e -13-4 l0,42d,847,6H) 10.066,860,66?
I-8-7
Toledo
9.178.rt64.8i8 11,867,191,673
-19-2 8,943,389,066
Detroit
NOTember.
.x.ltW.OlB WVl 10,087.071,173
-190
8,561.990.221
3,547,803.632
December..
9,3i»S,356,«71
9.SS4,774,063
-60
3,767,721,770
8,71S,735,407
+8-2
+0-4
+2-1
4th qaar.. 26.041, P40,393 3l,3i8,ne6,^99
-150
11,303,107.062 11,126,816 473
+l-fl
0.767,846,638 10.170.688,777
J»lT
7,m.888.1SS
7,e7s,eao,8>t< 10.157.713,787 -84-:
September.
3.382.191,437
Com.
Gate.
nkit.I9tl I6g Buf/i.eo Ib<
Buth.Wlbt
Si*»/k.»2 ih
2(18,120
1,434.225
40,860
1.283.697
491,771
43,856
123,200
838
199,3.3V
188,080
680,7SO
889,760
23,636
213.790
8,903
42,460
165,600
89.871
314,929
683,160
32.90(
at—
Receipt*
»
S
•
P.Ot
190S.
1903.
P.Ct.
Whtat.
.Tiour.
163.211|
86,576
..
161,920
270,630
1,23*,280
21,030
8,662
16,872
839.008
28.000
Minneapolis.
Sd qaar... a5,3tl8,734.lH7
October...
1903.
19J4.
9,436.474 004 ll,088.9ttt,0ai -14-9
Janaarj'.-.
8,860,276,684
1904.
1003,
8,744,947.885
8,90a,8«l,55(-
-4-0
4,800
Cleveland ...
St. Louis ....
Peoria
Santas
1.58*
0,690
*
17.B80
City.
Tot. wk. 190*
270,560
269,600
816,3*1
Same wk. '08
Same wk. '02.
Barley.
JIV*.
Huih.iH Ib< Bu, e«
ih».
8.800
1,600
90.1B6
84,2 e
1P4.H0(
78,000
36,900
SeS.TOO
620,000
433,400
96.000
.......
3.242,0P3
8.859.646
4,187,211
5.372,466
8.831.997
4,763 09V
1,577,782
130,819
178,864
2,786,693
2,2i!6,348
2.080.06t
653,823
76,046
267,860
28,*00
S,*00
1.128.748
Since Aug. 1
BnEllah rinanalal Marlc«ta— r«r Oakl*.
1903-190*....
The d»ily oloslng quotatlona fcraeourltles, etc. at London
are reported by oable &« f ollowa for the week ending Feb. 6.
1902-1908....
11,S29,029 159,929,902 9«,*89.582 82,S79,5av 46,061,988 6,029,980
39.871.903 7,0*8,868
11,696,198 186,214,07* 77,910,X66 107.401,03
11.829,743 1fl9,827.!S0'« 77 990,19^ 84,899 9- f- 33,01 4.S93 4.064,615
,
JLiOHDOM.
Sat.
d.
SUyer, per oanoe
OoiiBOle.,ne^,3% p.otB.
8T\
For aoooant
rr'ohrentesdnPwlBjfr. 97 45
Mining
4toh.Top. & BRnt*
Den.
Do
A
26
261,8
87'8
25or
25iiie
87'^s
87%
88k
88k
88
26%
87k
87%
8778
8778
97 '92 Is
72k
...
9414
94
86
S6\
94
86
94
94
94k
121k
85%
3538
35O8
17k
17k
148k
17»«
Paal... 149
Rio Qr.,oom....
do Preferred. 74'b
.
122k
148k
22k
73k
28k
68%
2238
74k
28^
68%
28^
68%
...........
9787k 97-8n
369
3%
72%
72k
121%
Bt,
Srle, common
Fri,
Fe..
Paolflo........
&
Thur$.
71%
Oheeftpeake & Ohio
Obloa. Great Western
Mil.
Wed.
808
Preferred
Baltimore <k Ohio
Preferred
OMo.
Tuet.
388
A.n»oonc!l»
Oan»dl»n
ifon.
iBt preferred .........
49
49
Sd preferred...
xl3ii« 134k
IlllnolB OentrKl
HO
LoalBvllle A NaehvlUe.. 110
13
13
ecexloan Central
18k
^0. Kan. A Tex., com.. 18k
41
40 k
Preferred
National RR. of Mex.—
40
40
iBt preferred...
123
W. Y. Oent'lA Hadson., 123
2878
m. Y. Ontario A WeBt'B 24
63I4
62k
orfolk & Western
91
»1
do
pref.
Do
49
134k
110
12%
18k
4II4
•Phila.&Read.,3dpref.
Boathern Paolllo
Boath'n Railway, com..
31k
41
31
41k
31k
si'e
6158
Si-'e
23
23
Preferred.....
Union Paolfio
86>«
23
86
94
11^
57»«
pref..
do
Do
..~.>
Wabash
Do preferred
Do Deb. "B"
•
62k
23k
2338
21k
41
69
93k
92%
85
94
120S8
147k
2ak
16k
34k
16k
146 •«
146k
74
73 k
34''8
17
21%
21k
73
28k
67%
47k
2838
6838
49
134
2773
6788
47k
133
108 k
108k
40k
12k
17%
40k
40
40
39
122%
122k
39 k
122
22k
61k
22%
61k
ioy%
12%
18
23 k
6238
91
86k
83k
93k
Ilk
56k
21k
40k
68k
83k
....
Preferred....
U. 8. Steel Corp., com..
62
3k
7078
121
353^8
6238
*PlilIa.ARead.,lBtpref.
ARead
3k
7138
85
94
94
122
91
97
97k
•Phlla.
85%
23k
97
62
23 »8
Northern Seonritles
Pennsylvania
94
41
40
123
97-82k 976isk
8378
98 k
11
sek
133
11%
17 k
1901-1909...
The receipts of flour aad graia at the seaboard ports for
the week ended Jan. 30, 1904, follow:
Derit.
Out*,
*VHtat,
B«rl«»,
#t«ur
«•«•«»(« •!—
khit.
H»wYork
.„.
Bo»ton
Montreal..,
>^.
Palladdptla^.. ..>...
Baltimore
,.
Mskmond....
(•w Orlwane*
KawDort New«....^.
S9260
28t.350
198,"61
73t
426,'^ 77
5-5.a76
115.608
24,836
4,608
32,441
42,981
I.i8n
"7.260
I(i,i42
2i:3,000
819.2E0
157,148
163.600
17i,169
188,300
14,6P8
i,345
vfl.OOO
6,632
6
125.230
704
14.588
58.706
4aiTeitoD....
Portland, M«
Port Arthur
St. Johr N. B
Savannah
26,400
27,233
53,713
90.U80
80,768
26,000
""8,879
1,600
8,750
S,400
7,879
28,629
32,000
3,000
20,9*8
IM.l'-ft
35,996
3,856
Norfolk
239.600
71.319
960
24,500
880.114 2,10M,877
585.538
72,629
41,171
858,090 1,188.791 2,653,681
826,984
344.186
29,063
* Receipts do not Inolnde Kraln passing through New Orleans for forelcn
ports on through bills of lading.
Total wetk....^. 292,806
Week
1903
i'otai caueipCB at porta Crom Jan. 1 to Jan, 80 compare as
'ollows for four years:
1002.
1904.
1008.
BetHft 91—
1001.
rioar
fThmSLt
lorn
aati
bbls.
1,720,919
1,834,667
2,029,786
1,854,813
bash.
"
7,885.419
7,647,357
3,0a7,3ll
9.071623
7,»i86.067
1,813,408
4,2S5,122
274.HS7
62,448
9,901.?8i
23,128,29*
6,829,138
882.020
209.617
14,321,972
40,448,775
••
476,0.32
"
104,310
11,692,070
4,260,437
801.307
277,583
••
18,780,429
86.003,020
'
iarley
*Te
Totalsrain
91
91
96k
61%
23k
41k
81k
51k
23k
96
95k
eCa
22k
The exports from the several seaboard pores for the week
ending Jan. 30, 1904, are shown In the annexed statement-
41
30 k
New Tork
86
85
85
83k
93k
10%
56k
82k
93k
94
Portland, H«.
("alladeiphla
aaltlmora
Xiiw Orleans, .
21
21
40
68
40
60%
22k
40
30
50k
22k
60k
22k
82k
11
1138
56k
20k
57 k
20k
39
66
68
39
66
Boston
39.826
56,891
I72,i66
r>bi«
87,713
9,815
14,P98
24,700
105,023
82,617
3,956
36,9U6
7,375
1,315
6,632
326,712
24.222
16,000
"lewo'rtNewi
^alreitrn. .. 444,610
96.ooo
Port Arthur..
^t. Jobn.N.B. U5,230
riour,
bvih.
S23.S18
150,628
196,14
145,699
"Norfolk
187,143
231,670
Savannan
Total
Price per share.
0«rn,
^n(«(
Exports from- buih.
week
944,975 1,409.888
.
818,908
830,U60
Barley
kwik.
husk.
ku«k.
10.436
23,689
26,9*2
19,897
8,460
'ii.ib'o
82,000
6,165
80
260
6
aamatlma'OS, .1.629,216 8.407,600
Peai,
Oats,
18,881
... .,,,
—
se,4U
86.857
135,902
23,047
16,621
27,366
32,000
Oi.ZU
The destination of these exports for the week and
^onxmzxcml and ^XiscMmxtons^i^xos
P«r WTien
Cent Payablt
RallrnadB (Nteamt.
Baltimore & Ohio, com. and pref.
Cleveland & Pittebargh, guar, (qnar.)
Pere Marquette, pref
Union PaclUc, com. and pref
»*ireei Kallvrays.
Boston Elevated Ry
134
Mar
Mar
2
2
Feb
Api
2
Books Closed.
(Days Inclusive.)
Feb 14
to
Holders of rec.
19 Feb 10
to
1 Feb 34
to
1
1
3
Feb 15 Feb
Adams Express
2
Mar
American
1»4
Feb
2
Mar
CBLIaeellRneoB*.
(extra)
Uadlator. pref. (quar.)..
Brooklyn Union Gas (quar.)
Casein Co., pref. (quar.)
Diamond Match (quar
MUw. &
)
Chicago Breweries., Ltd..
National Kice Milling, new pref...
New
Central Coal
NUes- Bement-Pond, com.
(quar.)
.
pref. (quar.).
do
do
Pratt <fe Whitney, pref. (qnar.)
t
Less Income tax.
t
Also declared 2
Feb
2
ah, Mar
2\\ Feb
Feb
2
Mar
Mar
Feb
ak
2
2X
ihi
p. c.
6
Feb 29
Feb 10
Feb 19
Mar 22
Feb 16
to
Holders of rec. Feb 11
16 Feb 10
to
Feb 16
1 Feb 14
to
Feb 29
10 Jan 31
to
Feb 9
12 Feb 28
to
Mar 12
20 Feb 11
to
Feb 22
10 Jan 31
to
Feb 9
1 Feb 25
Mar 1
to
19 Maris
Mar 20
to
1
16 Feb
Feb 16 Feb
9
Feb 16
Feb 16
to
to
9
Total
Total IBOa-OS.,..
Stocks
300
5 Oscar M. Llpton Co
22 Nor. American Trust Co.250
350 Old Terrible Mining Co
$T each
$1 per share
,
w. Bliss, common
125
all
1 Jekyl Island Club
dues paid to Jan 1905. $550
10 Central Nat. Bank
18"k
25 National City Bank
271
1 Memb. N.Y Produce Ex
change («kll dues paid). 151
395
10 Gallatin Nat. Bank
10 Metropolitan Tr. Co.. 625-626
498 500
18 Nat. Park Back
10 Importers' & Traders'
7.'^
E.
;
,
Nat.
Bank
5 Morton Trust
594k
Go
,...905
Sc
818,908 10.189,893
330,060 10.06e,sll
.
SOPhenlxNat. Bank
106%
Bonds.
$5,000 Leh. & Hudson Rirer
Ry. 1st 58, 1911. J&J
103k
$5,u00 Warwick Valley RR.
68, 1912, A&O
112
$3,000 New Amsterdam Oas
Co. Ist oonsol. 5s, 1948
106
1,
1908.
busk,
bSi 927
408,048
88.432,745
16,532 754
8,804
836,669
044,976
1,639,216
50,809,372
82,0^5,745
-Oorn.TTeek S4n(iJ«iy
Jan. 80.
bush.
1, 1008.
bush.
939, 43
16,419,038
380,005
17,lt-9,2S5
23,986
1,116
108,631
124,741
660,302
104,008
1,330,109
1.409.882 35,817,477
2,407,600 22.414,809
Sit;
Barltt
7.000
480,000
1,000
t'Mtk.
h'.ik.
1,291,000
314,000
625,000
Boston
,^,
Philadelphia. ........
168,0u0
86.000
480,000
iib'o'o'i*
"ee,'()d6
831,000
76,000
l,260,a0i
181,vi(j0
193,000
1,000
'iBS,*c'6o
57.000
00,000
8.000
825,000
473,000
l,46*.0d6
019,u6b
957,000
'21,066
Baltimore
New
Orleans.. ....^^
7uo000
tAiresion
1,037,000
43.oat'
;ioiatraal
,^,
Do
^0
121.000
afloat......
274,00(/
afloat
"1,000
*
1S6 000
"0.006
8,324,0*00
1,189.60C
829,00*6
861,006
wlobb*
484i6b0
*20',000
mow
12,660
1,358,000
lOe.OOO
858.000
46 000
140,000
231.001!
afloat
86,00*6
....
2,939. i<i>u
afloat
....
880,000
afloat
Ft.W n'm».Pt.APth'r
Dalnth
afloat
3.743.00C
2,903.000
....
Mtnaeapolls
175,000
08.000
1,896.000
113.000
84,000
1,627,000
20.000
1,470,000
295,'6b*0
47 1,000
90,000
lli.OOO
888,000
25,00C
'32,000
8,000
185,000
1P2.00*
165,000
85,000
17,000
12.9ie,00('
dt. lionii
Oo
266,000
156,000
4,82S.!"'0
Mllwankea
i><j
439.niir'
89.000
."oronto
aairalo
Jkiaago
20 American Exchange Nat.
Bank....
22868 229%
2 Mechanics' Nat. Bank. 292
5 Central Trust Co..
1980
——
Binee July
««wTork
no afloat... ».
Oo
Stcoks.
Jan. SO
ituah.
De:rolt
2 William Cramp & Sons'
Ship & Englne-Bulld'g
Co. voting tr. certlfs... 18k
5 Fourth Nat. Bank
210k
pTeefc
Whtai,
iMetdrea*—
^•iladO
Son
Whiat,
.
The visible supply ot grain, comprising the stocks in
granary at the principal points of accumulation at lake and
eaboard ports, Jan. SO, IV>C4. wam as follows:
Do
Auction Sales— Hy Messrs. Adrian H. Mailer
^r:
Jan. 30. 1.1003,
jHly 1 to—
bbiB
hbl$.
United Kingdom 201,120 6,89 ',691
Sontlnent
58,105 l,45S.f88
S.AO.Amerlaa. i2,.m35
5 5,061
79i,i»7
2«,69»
Wast Indies
2,v04
109,091
Sr.M.Am. Colo's
417,64U
Ititt OOantrlti 17,748
00
payable June 18.
below:
—Weeknour.
Since J^iv
I
MsBportM for
tieek and line*
DIVIDENDS.
NaitM of Company.
Jfnl7\, 1908, is as
since
6,207,oot
afloat
K«nias01tT
PeorU
indianapolla
>Q MtstliiipplBlT«r
inliakes.
)aaanalBndriTar.
Total
Total
Total
Total
Jan.
Jan.
Jau.
Feb,
..
30, 1904... 39.70 i.OOO
ii3,
19O4...4O,«13,i'O0
31, 1908... 48.447,000
1, 1908,... 67.929,000
7,190,000
6,6IH,000
200.000
11,038,000
>',
8,446,000
8,552,000
4,0*0,000
1,531,000
1.1110,000
1.800,000
9l>6,000
8,408,000
09,000
4,S8<.OO0
6,010,00c
H',3 17,000
8,180,000
Feb.
6,
THE CHRONICLE.
1904. J
New Xork City Clearing House Banks.— Statement of
condition for tlie week ending Jan. 30, 1904, based on average of daily restdts.
We omit two ciphers (00) in all eases.
BAiJKS.
Capital.
Surptua.
Manliat. Co.
Merchants'
Mechanics'.
America....
Phoenix ...
City
Chemical ..
Merch. Ex .
Gallatin
But. & Drov
Mech.&Tra.
Greenwich.
Leath.Mfrs.
Amer.Exch.
Commerce..
Mercantile
Pacific
Chatham
...
...
People's
N. America
Hanover
...
Irving
Citizens'
..
Nassau
Mar.& FtUt.
Shoe &Lthr.
Corn Exch .
Oriental
...
Imp. & Trad
Park
East Biver
Fourth ....
Central
Second
First
N.Y.Nt.Ex.
Bowery
...
N. Y. Co...
German Am
Chase
FUth Ave..
German Ex.
Germania
..
Lincoln
Garfield
Fifth
Bk. ofMet..
West
Side..
Seaboard
..
IstX.Sklyn
Liberty
N.Y.Pr.Ex
New Amst.
Astor
Total
...
17.624,0
20,557,0
12,834.9
12,560,0
21,297,3
3,691,0
334,7
17,40H,0 153,683,9
7,537,0 24,171.1
5,2V 9,0
360,1
300,0
700,0
500,0
600,0
1,644,3
110,6
4,323,0
381,3
2,251,0
520,6
4,824,0
514,2
3,964,7 29,746,0
11,358,8 150,905,4
4,415,3 22,331,4
2,891,7
607,8
6,071,3
1,069,7
2,015,0
.S97,l
2,066,5 15,814,5
6,404,3 49,020,4
5,968,0
1,029.8
7,495,2
667,9
2,724,3
316,5
6,561,5
1,234,2
6,199,4
357,6
3,361,0 28,270,0
6,510,1
1,055,5
6,579,2 24.131,0
6,950,6 60,931,0
1.187.4
136,7
2,980,0 19.799,0
9,233,0
573,3
8,987.0
1,378,1
13,830,0 85,073,7
7,034,9
888,4
2,742,0
774,7
4,491,8
657,3
3,576,5
511,9
3,895,0 42,989,9
9,061,4
1,714,1
2,553,2
668,2
2,986,2
872,2
9.867,6
1,302,5
7,063,1
1,242,9
2,413,8
377,3
8,408,8
1,367,9
3,091,0
538.5
1,410,9 15,226,0
4,270,0
579,6
9,894,0
1,922,4
4,630,6
492,9
5,474,4
542,6
4,919,0
566,8
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
1,550,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
1,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300,0
1.000,0
1,000,0
500,0
350,0
$
$
2,000,0
2,050,0
2,000,0
2,000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
2,482,1
2,505,9
1.389,0
2,785,1
3,688,7
7.248,1
2,207,1
Legals.
Specie.
$
$
$
Bk. of K. Y.
Loans.
t
Deposits
Jies've.
P.C.
$
(
26-2
36-2
29-3
28-1
25-6
32-8
28'5
2/ -7
26-7
26-3
22-9
22-2
32-4
30-8
26-4
27-6
28-1
25-4
34-2
25-6
25-2
27-4
25 5
20-6
29-3
26-3
27 -5
32-5
24-4
32-9
29
28-4
27-3
24-9
25-3
29-4
21-6
24-6
24-5
263
26-7
24-0
24-1
25-3
27-5
24-3
23-8
24-7
27-2
24-5
26-6
23-6
27-3
27-1
116,572,7 133,180,1 994.552,1 205,477,5 75,637,5 10239438 27-4
Total United States deposits included $36,899,000.
—
The following is the
non-member banks for the
based on average of daUy results.
Reports ot Non-Member Banks.
statement of condition of the
week ending Jan.
30, 1904,
We omit
BANKS.
Capi-
008 omitted.
tal.
Man&Br'nx
Colonial
..
14th Street.
Ganaevoort.
Hamilton
..
Mt. Morris
Mutual
19th Ward .
Plaza
Kiverside .
State
12th Ward
.
23d Ward..
YorkviUe
FideUty
Varick
..
....
Jetterson
..
Deposit with
Loans & Specie. Leg. T.
Net
Invest&Bank Clear'g Other Deposits
pltu.
7nents.
Notes. Agent. BkS.&c
Sur-
$
100.0
300,0
100,0
200,0
200,0
250,0
200,0
200,0
100,0
100,0
100,0
200,0
100,0
100,0
200,0
100,0
400,0
100,0
100,0
$
124,5
105,8
331,6
168,1
533.2
391,5
1,949,3
1,448,2
3,019,7
5,628,4
56, K
993,5
4,192,0
2,885,0
922,5
1,254,5
5S8,1
1,177.0
1,251,2
732.0
1,447,0
73.4
127.0
113,4
156,5
206.3
247,0
106,4
577,4
108,3
96,2
283,3
117,8
65,5
270,8
53,7
$
?<
2,047,1
2,811,0
1,645,3
1,734,0
2,572.4
2,205.0
2,277,4
1,226,2
2,645,0
1,079,2
6,575,0
1,345,0
1,197,6
1,876,8
697,3
718,2
1,884,6
543,5
587,0
1,980,0
225,4
279.7
105,0
57,8
150,0
99,6
21,0
148,6
127,6
24,4
26,6
155,0
16,1
414,0
55,0
56,2
69,2
11,1
5,1
8,4
17,0
12,0
218,7
$
169.4
106.0
80,3
115,2
92,3
83,9
205,5
110,4
164,0
100,4
240,0
196,0
132,1
162,7
37,7
63,8
70,4
24,3
24,0
69,7
$
$
307,5
373,3
281,0
3,0
303,6
100,0
151,0
70,1
159,0
100,0
275,6
54,6
253,8
278,'2
250,8
223,0
70,8
67,1
138,0 1.484,0
151,0
125,3
56,2
154,2
1,8
48,3
97,0
6,4
178,7
100,9
79,3
20,0
65,0
98,0
$
2,641,0
2.936.0
2.066,4
1,969,0
2,854,7
2,808,6
2,401,8
1,605,7
2,963,0
1,160,7
8,421,0
1,820,0
1,461,7
1,976,1
618,7
783.0
1.818.2
558.0
463,7
1,222,8
361,5
266,7
343,0
636,5
115,1
569,0
906,0
60,8
55,6
68,1
203,0
131,6
40,4
141,4
2.108,1
1,615,3
3,372,0
6,836,0
1,080.8
4,200.0
3,883,0
1,026,4
1,344,2
Brooklyn.
.
..
Mtrs.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
North
..
.Side.
Peoples
17th Ward
.
SpragueNat
Union
Wallabout .
Borough ...
Bos.
Jan 16
Jan 23
Jan 30
62,635,4 176,887,0
52,635,4 176,193.0
52,635,4 178,953,0
150,0
300,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
662,3
599,6
172,1
171,3
83,9
273,6
123,8
80,0
84.8
100,0
19,4
105,9
292,7
189,0
23,0
190,0
140,0
140,6
10,7
33,6
10,2
60,5
111,1
53,9
25,0
98,1
21,6
100,1
.
•
101,0
49,0
43,4
14,8
57,2
124,9
521,1
47,0
307,5
328,0
108,2
635,6
50,5
First Nat.
Hudson Co.
400,0 1,057.1
3.818,7
139,6
National
Second Nat.
Third Nat..
250,0
250,0
200,0
646.5
290.5
282,4
2.127,3
1,170,3
1,045,5
82,4
68.1
70,6
66.9
110,0
125,0
525,9
148,6
2,414,0
1,056,7
160,2
45,3
.
24,4
50,0
65,0
10,0
18,0
180,0
229,6
87,3
37,2
22,0
132,2
42,9
31,9
576,6
1,161,0
1,354,9
702,9
1,523,2
10,0
241,2
Second Nat.
74,713,4
76,819,8
77.440,6
75,637, .5
De-
Circv^
posits.^
lation.
905,713,3 44,697,6 1,469,165,4
941,268,6 43, 7 77. 1,311,2,40,8
986,303,3 43,141,2 1.290.178,0
10239438 42,739,0 1,277.S25,»
(
6.228,0 202,497,0
5,901,0 200,512,0
5,650,0 199,879,0
16,800,0
17,229,0
17,179,0
„
Clearings.
6,708,0
6,764,0
6,803,0
138,914,1
133,008,0
121,049,6
I'hila.
;
—
Imports and Exports tor tiie Week. The following are
the imports at New York for the week ending for dry goods
Jan. 28, and for the week ending for general merchandise
Jan. 29 also totals since beginning first week January.
;
FOREIGN IMPORTS.
1904.
jTor week.
Dry Goods.
Total
Since Jan.
1903.
1902.
1901.
$2,653,414
9,430,976
$3,740,964
9,414,514
$•2,523,264
8,846,045
$1,634,139
6,459,006
$12,084,390
$13,165,478
$11,369,309
$8,093,146
$10,991,936
33,832,236
$12,527,202
33,588,930
$10,958,616
$9,531, 64»
:!3,116.561
32,098,851
$44,824,172
$46,116,141
$44,075,177
$41,630,500
General Merchandise
1.
Dry Goods
General Merchandise
Total 4 weeks
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Feb. 1, and from January 1 to date.
EXPORTS FROM
For the week.
Previously reported..
Total 4 weeks
NEW YORK
FOR THE WEEK.
1904.
1903.
1902.
$10,050,822
32,559,296
$11,592,984
32,906,427
$9,204,493
27,184,231
$10,872,962
37.081,401
$42,610,118
$44,499,411
$36,388,724
.$47,954,363
1901.
exports as reported by the New York Custom
frequentlj' show divergence from the monthly
totals, also compiled by the Custom House, we shall trora time to time adjust
the totals by adding to or deducting from the amount "previously reported."
Note.—As the figures of
House from week to week
The following table shows the exports and imports of
specie at the port of New York for the week ending Jan. 30
and since Jan. 1, 1904, and for the corresponding periods in
1903 and 1902.
EXPORTS AND IMPORTS OF SPECIE AT
NEW YORK
EXPOETS.
Week.
Imports.
316,0 1,241.3
979,6
5,701,0
106,7
36,8
89,6
298,0
295.2
633,7
4,8
1,866,9
1,167,1
1,682,3
19,1
42,2
170.1
91,0
104,2
116,8
2,316,6
1,185,7
16,1
Tot. Jan 30 8.487,0 102347 77,404.1 3.592,8 4.794,1 102711 4,995,0 87,886,7
Tot. Jan 23 8,487.0 102347 77.864.5 3,638 9 4.802,8 103932 4,620,4 87,913,7
Tot. Jan 16 8,487,0 102347 78,845.4 3,802,2 5,107,9 102373 3,859,4 88,885,4
Since Jan.
Great Britain.....
1.
Week.
Since Jan.
$2,000
Germany ,-....-.
West Indies
$7,'688
....
$2'62]850
3"97;i34
336
eiiobo
11,500
61,000
2,000
3.656
24,558
AU
$263,850
$473,634
32,934
$36,698
other countries
Total 1904
Total 1903
Total 1902
Silver.
Great Britain
France
Germany
West Indies
36,63'2
1,956,036
$777,830
224,950
$3,991,065
224,950
'i6',706
"i6,6'52
80'806
'siXsoo
460
$3,915,688
334,925
61,456
13,791
21,076
$4,930
1,466
64,467
7,989
63
$4,930
Mexico
South America
Total 1904
Total 1903
Total 1902
200
9,574
All other countries
996
4,996
$1,095,276
747,880
1.025,415
$4,317,863
3,044.825
4,009,676
1.
$2,047,346
698.300
1,146,450
9.320
4,874
101,938
7,460
France
$68,915
84,310
96.783
$14,704
1,244
14,635
Of the above imports for the week in 1904, |2,506 were
American gold coin and $200 American silver coin. Of the
exports during the same time $70,100 were American gold
com and $90,800 were American silver coin.
Auction Sales.
—See page preceding.
ganliltxg atxd l^iwaticial.
Spencer
&
Trask
Co.,
....
Bankers,
WILLIAM & PINE STREETS,
NEW YORK,
Special circular carefully describing
the property covered by an Electric
Illuminating Company First Mortgage
Gold Bond, paying the investor 6%.
733,7
HOHOKEN.
Fir-stNat...
Legals.
58,566,0
215,429,0 10,455,0 119,797,1
Jan 16 48,167,1 183,266,0
59,823,0
215,099,0 10,466,0 124,516,1
Jan 23 48,167,1 183,041,0
59.005.0
214.605,0 10,428,0 104,071,8
Jan 30 48,167,1 184.452,0
" due to other banks,"
t Including lor Boston and Pluladelphia the item
and also Government deposits. For Boston these Government deposits
amounted on January 30 to $6,384,000 on January 23 to $6,412,000.
Jersey CiTV
.
Specie.
:«
N. y.
$
$
9 248,118,6 915,992,2 166,401,9
Jan 16 248,118,6 934,395,6 181,679,1
Jan 23 248,118,6 965.064,9 195,207,;>
Jau30 248,752,8 994.552,1 205,477.5
Borough oj
Richmond.
l8tNat.,S.r.
Loans.
Gold.
Borough ot
Brooklyn
Capital d-
BANKS Surplus.
Mexico
South America
Century ...
Wash. Hgts
United Nat. 1,000,0
Broadway
summary
two ciphers (00) in all cases.
N. Y. CITY.
Boroughs 0/
Columbia
City, Boston and Philadelphia Banks.— Below
of the weekly returns of the Clearing House
Banks of Mew York City, Boston and Philadelphia. The New
York figuies do not include results for non-member banks.
We omit two ciphers (00) in all these figures.
a
260
t
t
New York
is
Jail
1,813,0 16.832,0
2,099,0 27,061,0
1,160,0 1.5,241,2
1,885,0 12,937,0
2,139,8 23,155,0
285,0
3,481,0
7,698,5 152,793.6
1,992,5 23,337,0
674,7
5,662,2
553,9
4,811,9
68,2
2,222,6
468,0
4,476,0
247,0
1,828,1
400,9
5.131,9
1,936,0 23.165,0
8,674,7 139,513,7
1,214,6 20,210,9
467,5
3,636,8
6,0o0,4
907,9
727,7
2,676,7
1,683,9 14,835,0
5,548,8 57,097,2
642,4
5,372,0
440,0
8,457,2
380,7
3,082,6
002,5
6,872,3
131,5
7,466,2
3,295,0 35,263,0
1,921.6
6,984,4
1,289,0 21,499,0
5,120,0 75,002,0
211,9
1,361,4
2,581,4 22,956,3
844,0 10,857,0
1,547.0 10,637,0
2,257,4 73,215,9
505,5
6,437,1
241,0
3,101,0
445,8
5,418.9
233,3
3,422,7
ll,96.!i,l
1,664,5 51,726.7
374,8
9,941,3
2,284,5
695,0
150,0
3,509,9
770,1
430,4
4,973,6
1,013,0 1,547,3 10,108,9
3U6,9
1,705,7
7,291,4
430,7
164,5
2,440,8
790,5
1,511,6
9,652,2
314,0
539,0
3,452,0
3,299,0 1,707,0 18,324,0
621,0
464,0
4,412,0
'
240,0
1,998,6
8,413,4
709,0
359,5
4,510,7
1,042,2
739,8
6,509,2
1,224,0
163,0
5,115,0
2,602,0
7,748,0
3,319,2
1,763,0
3,835,8
859,0
35,900,8
4,472.1
840.1
713,0
441.2
526,0
345,9
1,180.7
4.195,0
27,700,4
4,382,2
554,9
632.0
189.9
2,126,6
8,831,8
831,9
1,720,4
256,3
1,412,2
1,838,8
6,422,0
351,4
3,966,0
19.599,0
183,1
3,956,
2,124,0
1,110,0
16,303,9
1,3S9,3
431,0
891,7
606,4
567
Members
INVESTMENT SECURITIES.
Branch
state
N. V. Stock ExchaiiKC.
Moffat
Oflice,
&
CD
St..
AlbnT.
White,
MemberH INe^v york Stock ExcbanKe,
1 NASSAU STREET, CORNER WALL,
Dealers in Investment Securities.
Tel. 5820-5821 Cortlandt.
Telephone Stocks a Hpecialiy.
,
THE CHRONICLE.
568
Lxxvm.
rom 66 J^ to 62}^ the close to-day was at 63^^. Consolidated Tobacco 49 tell iy, points to 55^. Chicago R. I. & P.
RR. 48 and the collateral trust 53 both close about 1}>^ points
lower than last Friday.
IJanhtrs' ©a^tttt.
For DitUUnOs it* pag*
[Vol.
;
j66.
WAIA. HTKEKT. KKIDAY. FEB. 3. 1904.-5 P.N.
United States Bonds.— There have been no sales of GovThe Money Market and Financial Sitnatlon.— The ap- ernment bonds at the Board this week. The following are
parently near approach of wiur between Russia and Japan
has kept the stock market in a feverish condition the present week, and has brought about some sharp declines in
values. The great break in the price of cotton, with indications that the parties who have been mast active in the
speculation for higher prices had unloaded, has been another
disturbing feature.
The end of the speculation in this imp>ortant staple which has been carried on so long would
really be a lavorable event should it occur, since it would
permit a resumption of norraal conditions. There has likewise
Seen a marked decline in coffee values, in which speculation
has likewise been rife for many months.
The situation in the financial markets is signally illustrated by the numerous loan negotiations on the part of
large railroads which have been the feature of the week,
Among these, special prominence must be given to the taking
by Messrs. Kuhn, Loeb & Co. of $50,000,000 Pennsylvania
Company A% per cent eighteen months' notes, guaranteed
by the Pennsylvania Railroad.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from IJ^ to 2 per cent. To-day's rates on call were 1^^ to
2 per oent.
Prime oommeroial paper quoted at ^% per
cent for endorsementa and 45^@5>i p. c. for beat single
names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £579,426 and the percentage of reserve to liabilities was 49 20, against 49 20 last week,
the discount rate remaining unchanged at 4 per oent. The
Bank of France shows a decrease of 375,000 francs in gold
and an increase of 2,725,000 francs in silver.
HEW TORK orrr olbabino-hocsb Burais.
1904
Jan. 30
JHff4r*nett
BnrpluB ..••••...••
Loans A duooonta
OircTilAtion. .......
Net depoeita
Specie
.......
Legs^ tenders
Reserrebeld
Jan. 31
*e««/le
t
$
Capital
7903
1903
from
prtvious
Feb.
9
115,572,700
133,180.100
994.662,100 Ino'29."487,200
4"2.200
42,739.000 Deo
*1,023,943,800 Ino 37,640,600
206,477,600 Ino 10.269,600
76.637,600 Deo 1,803,100
1
9
102,251,900
121 964,800
904 510,700
45,184,900
981,778.900
182.672,000
78,153.500
83 822,700
100.765.700
889.631.700
81,365,200
975,997,000
192,8^5.200
77,807.400
deposits
281,115,000 Ino
265,986,950 Inc
8,466,600
9,410,126
260,826.500
282,944,725
270,622.600
243.999.260
Sorplos reserve
25.129,060 Deo
948,625
27,880.776
26,628.860
16
p. 0. ot
$36,899,000 United States deposits Inolnded, against $36,866,800 last
-week and $40,169,600 the oorresponding week of last year. With these
United Stales deposits eliminated, the sarplns reserve wonld be $34,303,800
on January 30 and $35,289,260 on January 23.
Mon.— Betnms of separate banks appear on the preceding page.
*
—
foreign Exchange. The market for foreign exchange
opened lower, but it gradually grew firmer during the week,
closing steady.
To-day's (Friday's) nominal rates for sterling exchange
were 4 83i^@4 84 for sixty day and 4 86@4 863^ for sight. Today's (Friday's) actual rates for sterling exchange were
4 83^4 8310 for long, 4 8555@4 8565 for short and 4 8585@
4 8595 for cables. Commercial on banks, 4 8260@4 8270, and
the daily closing quotations; for yearly range see third page
following:
>, 1980
Is, 1980
Is. 1980,
Is, 1980,
8s, 1918
88, 1918
8b, 1918,
8s, 1918,
4b, 1907
48, 1907
4b, 1926
48, 1926
6b, 1904
is. 1904
maU.reglstered Q— Feb
smaU
Q-Feb *106S
registered Q-Jan *107'«
coupon Q— Jan 107 >«
coupon
registered
coupon
registered
BUrling Actual—
>& A 8810
High... 4 83
» 4 8286
I.OW... 14 8276
ParU Bankers' Franet—
'3' 6 20t
High... |5 20t
« 6 20
I<ow... 16 20^
I
4 8665
4 8640
6 18>8t
SISH*
0«m»anv Banker^ Marlct—
High...
I
94816
947i6
'3
40
40
-a 4011
40TI
94*4
-» 94%
94^16
Um....
94^ t
Awut4rdam Bankeri' €htilder»—
I
High...
IiOW....
I
I
9
-CabU*.-
a
a
4 8666
«
6 18i«
6 18>«t
«
®
94i8iet
94*4
4
4 8686
4 8666
8660
40«i,Tl
» 40"4»
40iie»
> 4011811
®
'3
4 8696
4 8676
I
I
1%.
1%. Plus H he of 1%. *• !«, ot 1%.
hs
The following were the rates for domestic exchange on
New fork at the under-mentioned cities to-day: Savannah,
12?^c. per |1, 000 premium; Charleston, 25c. per $1,000 premium; New Orleans, bank, 25c. per $1,000 discount® par;
oommeroial, 50c. per $1,000 discount; Chicago, 20@30c. per
St. Louis, 20c. per $1,000 premium; San
$1,000 premium
Francisco, $1 50 per $1,000 premium.
Z<eM:
*
ot 1%. t iss ot
* »8i ot
:
;
State and Railroad Bonds.—Sales of State bonds at the
Exchange were limited to $2,000 Virginia Bs deferred Brown
Bros, certificates at 1%.
United States Steel bonds have been the active feature of
the bond market this week; the price of these bonds declined from 73 to 111%, closing to-day at 111%, Wabash de
benture Bs have been active^and weak the price droppe d
;
Feb.
3
Feb.
Feb.
Feb.
3
4
5
104*4 •104»4
•104H •104H
•106
•108
•106
•106
•ibe"
•ibe" •ibe" •ioe" •ibe"
•106
•106
•«106 •106
•106
*106>i •loevj
-106H ib6"« •106i|
•106
•106
•107 >4 •107 "« •107", •107 •107
•107 J* •107', •107 J, •107 •107
Feb •182', *182'4 •182>« •132>4 •182 >« •189^
Q—
Q— Feb
Q— Feb
*188A« 'C32i« •182", •132'« *182>9
*101>,
•101>4
•ISSm
;
;
STOCKS
WeeK Xnding
Feb. S
A.lU8-Chalmer8 Oo
Preferred
Amer Teleg & Cable
Detroit City Gas
General Chemical.
-ShorU-
Feb.
1
Q-Feb
•This Is the price bid at the mominc board; no tale was made.
Railroad and Miscellaneous Stocks.— Trading in the stock
market has been on a smaller scale this week, transactions
averaging only about 425,000 shares per day. Values have
been weak and irregular. Pennsylvania led the railroad
stocks in point of activity; the price advanced }q to 1211^,
but subsequently dropped to 116^, closing to-day at the low
figure.
St. Paul common moved up % to 145 at the start,
but later fell to 141^, at which price the last sale was made
to-day. Atchison common rose from 693>^ to 70^ early in
the week, but later it moved down to 68!^, closing to-day at
that figure; the preferred declined from 91% to 89 1^. Brooklyn Rapid Transit receded from 48 to 40J^. The close was
at 40%. Illinois Central gained % on Saturday to 133i^; on
Monday it sold at 129% ex-dividend of 3 per cent and to-day
Delaware & Hudson rose 2J^ points in the
it sank to 128.
early part of the week to 168; to-day it dropped to 159,
closing at 159^. Baltimore & Ohio common closes to-day
2% points lower than last Friday. Rook Island common
advanced %, to 24%, then sank to 22%; the last sale was at
Other im23; the preferred dropped 23^ points, to 623^.
portant stocks which have declined from 1 to 3 points are:
Reading common, Louisville & Nashville. Missouri Pacific,
New York Central, Manhattan Elevated, Metropolitan Street
Railway and Southern Pacific.
Amalgamated Copper was the active feature of the industrial group after a decline of % points on Monday to 47^,
these shares moved up the following day to 51% on the favorable decision of the Montana Supreme Court permitting
the company to receive dividends on the Boston & Montana
and Parrott stocks owned on Wednesday, however, weakness again developed and to-day the price declined to 4t6y^.
Sugar common closed 2% points under last Friday's price.
Consolidated Gas is down 3% points from last Friday.
For aaily volume o/ business see page 577.
The following sales have occurred this week of shares not
represented in our detailed list on the Daeces which follow.
coupon
To-day's (Friday's) actual rates for Paris bankers' francs
for long and 5 18^*@5 18i^t for short.
Germany bankers' marks were 94 7-16@94J^ for long and
943^t(®945^ for short. Amsterdam bankers' guilders were
40(a40TI for long and 40 3-161I@40>4* for short.
Exchange at Paris on London to-day, 25 f. 163^ c; week's
range, 25 f. 16% c high and 25 f. 16 c. low.
The week's range for ezcharge rates follows :
-Long..
30
Q—
Q—
Ajner Tobacco, pref.
Atlan Coast Line BB
Commercial Cable
Denver <fe Southwest, pf
were 5 20t@5 20t
Jan.
PericA*
Jan •106
registered
Jan *106
coupon
smaJ.reglstered
coupon
small
registered Q-ireb •ibe"
coupon Q-Feb •107
documents for payment, 4 82@4 82)^.
Cotton for payment,
82@4 821^; cotton for acceptance, 4 8260@4 8270, and grain
for payment, 4 82i^@4 82J^.
4
InUrut
Laolede Gas
Nat Enam
&
(St. li), pt.
Stampliig..
Preferred
New Central Coal
N Y & N J Telephone...
Do rights
N T Lack & Western....
St
L <& San Fran stbck tr
E lU pref..
otfs for C<fe
Standard Mining
United Fruit
Sales
for
Range for Week
Sange since Jan.
1,
Week
9VjFeb 4
60 Feb 4
3 86>«Feb 8
4 182 Feb 4
9iaFeb
7 Jan
65 Jan 60 Jan
82 Jan 86*4Jan
132 Feb
132 Feb 186 Jan
109 Feb 8 110i4Feb 2
08 >e Jan ll0>4Jaa
186 Jan 301 185 Jan 80 168 Is Jan 190 Jan
2i«Feb 3
1
2 Jan
2HFeb
8 Hi Jan
76 Feb
76 Feb
76 Jan 76 la Jan
66 Feb
66 Jan 68>«Jan
66 Feb
104 Feb
104 Feb
104 Feb 104 Feb
20>9Feb
17 Jan 21 Jan
20 Feb
82iaFeb
82>aPeb
78 Jan 88 Jan
46 Feb
46 Feb
46 Feb 46 Feb
12 140 Feb
140 Feb
140 Feb 150 Jan
8*4 Feb
4 Feb
8^Jan
1,788
4 Jan
60 131 Feb
181 Feb
131 Feb 131 Feb
3.300
400
60
120
200
35
320
20U
100
112
210
100
200
8>«Feb 3
60 Feb 4
86^ Feb
1
250 121 Feb 3 122>«Feb 5 121 Feb 128 Hi Jan
100 2-60 Feb 4 2-60 Feb 4 2-50 Feb 2-60 Feb
200 96 Feb 6 96iiFeb 5 96 Feb 96i9Feb
Outside Market. —The market for unlisted securities this
week has followed the course of the Stock Exchange, that is,
trading has been on a smaller scale, and as a rule values
have moved to a lower level. Greene Consolidated Copper
was the active feature; the price of these shares advanced
from 123^ to 12% on Saturday, but weakness then developed
and they moved down irregularly to 10%, at which they
closed to-day; the "rights" advanced from $53 per 100 shares
to $60 in the early part of the week, but later declined to $45.
Dealings in Northern Securities stock have been light, total
transactions for the week aggregating only about 7,500 shares;
after an advance from 94^^ to 94% on Saturday these shares
became depressed and to-day sold down to 923^, closing at
that figure. Interborough Rapid Transit dropped 2% points
to 104J^. Standard Oil stock sank 15 points to 650. U. S.
Shipbuilding sinking fund 5s rose 6% points to-day to 29%
on the announcement of a more favorable plan of reorganithe
zation. Havana Tobacco issues have been depressed
common dropped 4 points to 30, while the preferred lost 5}4
pomts to 393^. Hackensack Meadows stock advanced from
Power declined from 18% to
21% to 241^. Light, Fuel
17^ and then rose to 23%. Cuban 6s of 1896 declined 2>^
points to 1073^.
Outside quotations will be found on page 577.
;
&
Kew York
Exchange— Stock
Stock
Record, Daily,
Weekly and Yearly
OCCUPYING TWO PAGES
STOCKS— HIGHEST AND LOWEST SALE PMICES
Saturday
Jan.
•26
•54
ad
80
57
69=8
9134
;
;
83 "u 84 14
91 »4 9134
47^8 48'<j
•122
*134
*66
•159
3412
36^8
83^4
;
'
':
•185
»121
68
161
34i<!
367(1
8334
195
124
16^4
•831a 86
72
i
Feb. 2
*26
{54
6978
9034
8318
492
45I4
122
30
54
7088
9138
8334
92
4738
11738 11834
•661a 68
169ial69i2
34 14
34
361a 36 iv
8334
*185
•121
161a
8334
195
124
1634
•83 "a 86
70ia
291a
7012
26
Wednesday
Feb. 3
*26
30
57
•54
70
54
7078
9138
6334
84
}91i4 92
46=8
45
122
134
1183b 119
82I4
91I4
83
'67
160
671a
161 14
34I4 3439
36
84
195
124
36
84
185
•121
I6I4
*84
16=8
86
704,
70'a
144'4 145
*143
•175
•10
•2214
,
,
•fiia
148
180
12
24»2
6
•140
•176
•10
145
180
12
221a 2314
51a
534
•30
32
30
80 »e •771a 80
•105
115
115
18
18
18
57
57
•661a 5712
80
148
180
'143
175
•10
11
231a 231a
6ia 6
•30
,A«80
77
*105
18
'106
32
81
.
2734
2739
67
66
471a 47»4
•63
•76
66
80
63<^ 63'^
I
•170
190
•13
•70
14
77
4714
•63
•75
•521a
•170
27«8
66=8
47 4!
66
80
591a
190
74
83
77
85
183 1331a j;129'^ 130
21
•201a 211a (121
•38
40
89
39
•
27
•27
30
30
•66
681a
671a •66
I9I4
•19
19
201a
•86I4 37I4
36
3638
833«
83*4
Ilia 11 -i
^40
'SO
•100
*260
•65
107
:
/
50
32
115
300
58
107
1431a 1441a
•88
121
92
121 14
10
15
•40
30
• 100
• 250
50
30
115
800
'62
10678
142^8
87
120
57
107
1431a
88
1201a
2713 27»4
661a 66=8
•4714 4314
65
65
75
80
521a
170
591a
190
1334 1334
761a 7678
841a 85
12934 130 la
*20ia 211a
•381a 40
•27
80
661a 684
•I918 2038
36I4 36I4
20
10
50
40
28
95
*250
90^4
8338
92
4319 4534
114
134
...
1171a 1181a
661a 68
159
159
Feb. 4
•25
54
69
8978
82 14
•90'2
421^
30
57
69=8
90
8278
92
Friday
Feb. 5
25
53
Arbor
Ann
Do pref
68 14 O9I4 Atch. Topeka
89 4 8978
Do pref
Mange tor Year 1904 Range tor Frevioua
On basis of 100-share lots
Year (1903 J
Week
EXCHANGE
Lowest
Shares
Railroads.
30
54
01
the
Jan 22
Jan 8
Jan 6
Jan 6
89,603 764 Jan 6
2«1 89 Jan 6
27
&
14 §5234
Santa Fe. 164,250 65=8
6.201 87=8
814 8234 Baltlniore& Ohio
914 914
Do pref
40 14 43 14 Brooklyn Bapid Transit.. 143,972 4014 I'eb
114 ...
127 Jan 1'^
Bnttalo Koch. & Pittgb'g.
131 ...
Do pref
II634II74 (Canadian Pacific
19,920 116 Jan I'
*654 67
66 Jan 16
Canada Southern
158 1584 Central of New Jersey...
1,210 158 Feb 5
334 3378 3234 3334 Chesapeake <fe Ohio
6,200 32 Jan 6
38
38
38
3979 Chicago <& Alton
9,045 33 Jan 15
883
83
84
85
3,250 75 Jan 2
Do pref
185 195
185 195 Chicago Burl & QtUncy..
§181 Jan 18
•121 124
121 124 Chicago & East. 111., pref.
15"^ 16
154 15=8 Chicago Ureat Western.. 6,315 1434 Jan 6
•83
84 4
83 4 3334
300 834 Feb 5
Do 4 p. o. debentures
•68
704 *63
69
200 634 Jan 11
Do 5 p. c. pref. "A"..
271% 294 •27'^ 29
700 27 Jan 6
Do 4p. c. pref. "B"..
1413* 143
14134 14334 Chicago Milw. & St. Paul. 82,705 14034 Jan
§17641794 §176 176
85 177 Jan
Do pref
165 165
165 165 Chicago & North Western
834 I6434 Jan
21178 21178
200 21078 Jan 21
Do pref
4378
114 ....
134 ....
II714II8
•66
68
159 159
Highest
27
§54
Lowest
Jan 22
Dec
25
Feb 1
7078 Feb 2
9234 Jan 22
Highest
544Deo
54 Aug
81'<8Aug
8578 Jan 27 71=8 Sep
92 Jan 28 8234 J'ly
52 I4 Jan 2 294 Sep
127 Jan 12 121 Nov
140
Sop
0ct
68i4Jan 2 57 4 Sep
16334 Jan 13 153
Oct
I2II4
Jan22
115''8
Jan
Jaa
Jan
103 4 Jan
104 Jan
963, Feb
714 Feb
150 Feb
160 Feb
13334 Feb
784 Jan
190 Jan
53 4 Jan
3714 Jan
754 Deo
41
69
3973
27I4N0V
Feb
184 Sep
Jan2l 60 Sep
195
§182 Jan 14 §170 J'ly 2184 Mar
121 124
105 J'ly 13314 Jan
1579 I6I4
1734 Jan 22
13 Aug 29=8 Jan
85 4 Jan 14 83 4 Sep 9078 Jan
831a 8712
68 711a
71 Jan 23 63 Oct 854 Jan
23I4 28I4
31 Jan 21
24 Sep 4678 Feb
I42I4I43I4
I48I4 Jan22 133 14 Aug 13314 Jan
179 4 Jan 22 163 Aug 19414 Jan
1761a
•164 1661a
1703s Jan 23 153 Sep 2244 Jan
2144 Jan 23 190 Aug !50 Jan
132 Oct 200 4 Jan
Chic. Rock Isl'd <fc Pacillc
'138 142
140 145 140 145
145 Jan 21 145 Jan 21 117 J'ly 162 Jan
Chio. St. P. Minn. & Om.
'175
'170 175
180 175 180
176 Jan 6 176 .Ian C §165 Nov 194 Jan
Do pref
10
104 104 1034 11 Chicago Term'l Transfer.
no
9 Jan 5 1234 Jan 15
750
8 Aug 1978 Jan
22I4 23"
22 14
22
23
23
925 13 Jan 2 264 Jan 15 15 Sep 36 Jan
Do pref
6I2
5I4
6=8
54
5
Jan
13
73gJan
3 May 17 4 Jan
2,000
4
51a
64 Chicago Union Traction
•30
31
31
30
30
30
600 30 Jan 30 3334 Jan 18 30 May 5034 Jan
Do pref
7719 79
79
79
417 77 Jan 9 3034 Jan 22 66 Aug 9939 Jan
S7914 79 14 Oleve. Cin. Chlo. & St. L
100 110 100 110
100 110
112 Dec 119 Jan
Do pref
17>4 1734
18
17
418
10 Jan 12 10 J'ly 314Jan
17 Colorado & So., Yot. trust
2,045 15 Jan
•5434 554
66
67
57
66
700 54 Jan
584 Jan 25 444 Aug 72 Jan
Do 1st pf. vot. tr. of 8,
}25ia 251-2
2534
25
25
2339 Jan 22 17 Aug 43 Jan
1,220 23 Jan
254
Do 2d pf. vot. tr. ctfs.
166 1671a 16341644 159 163 4 Delaware & Hudson
Feb
1684 Jan 22 149 Aug 1334 Feb
14,625 159
268 273 *268 273
2684 2684
275 Jan 14 230 J'ly 2764Jan
100 a;264 Jan
elaw. Lack. & West'n.
21
2134 2134
21
204 204 Denver <fe Rio Grande.
1,050 19=8 Jan 3 2339 Jan 22 18 Oct 43 Feb
70 721a 70=8 71
6938 71
1,300 6938 Feb 5 7479 Jan 22 62 Nov 90 4 Feb
Do pref
20 22 •18 22 19 23 Des Moines & Ft. Dodge.
24=8 .Ian 22 12 Sep 4714 Jan
100 194 Jan
11 12 14 1078 11
1078 107( Detroit South, vot. tr. ctfs
734 Aug 2038 Jan
1434 Jan 23
735 10 Jan
*25
264 234 234 25
Feb
600
234
29 4 Jan 25 14 Nov 3934 Jan
28
Do pref. vot. tr. ctfs
{6434 6434 5634 634 §64"^ 64=8 Detroit united
360 65 Jan
674 Jan 22 55 Oct 90 Jan
334 10 la *9
IOI4 Jan22
10
8
8 Feb
Aug 19 4 Feb
9
560
Dulnth So. Shore & Atl..
•13
•13
'14
16
15
1634 Jan 23
10 Nov 2939 Feb
154
100 13 Jan
Do pref
26I4
26I4
2738
27
29i4Jan 2 23 Aug 42=9 Jan
27
274
Feb
274 Erie
37,680
65=8 664
657, 6618
64=8 6534
6934 Jan 27
62 4 Apr 74 Feb
Do Istpref
10,170 64=8 Feb
46I4 4713
4579 46 14
444 45=8
60 4 Jan 2 44 J'ly 6479 Feb
Do 2d pref
6,560 44 4 Feb
63 66 63 65
•60
66 Evansv. <& Terre Haute
200 62 Jan 11 664 Jan 27 394 J'ly 72 4 Jan
75 80 75 80
80
76
78 Aug 91 Jan
Do pref
64
54
624 52 4 45
31 Sep 7434 Feb
594 Ft. Worth&Den. C.stmp.
800 52 4 Feb 4 64 Feb
*170 190 *170 190
'170 190 Great Northern, pref..
177 Jan 6 177 Jan
160 Oct 209 Jan
7979 Jan 7 7978 Jan 7 73 Dec 35 Jan
Green Bay<fcW..deb. ctf.A
I314 1334 •124 14
Do
deb. ctf. B
10 124 Jan 13 1434 Jan 25 10 Aug 274 Jan
74 77 •70 76 70 76 Hocking VaUey
700 72 Jan 6 77 4 Jan 22 63 Sep 1064 Feb
•3334 85
3334 3334 •3234 8434
560 8334 Jan 30 85 Jan 7 77 Oct 99i4Mat
Do pref
1233412934 1234129 >4 123 129 Illinois Central
7,870 123 Feb 6 13434 Jan 28 1254J'ly 151 Jan
1.
•20
§20
20
21
21
2278 Jan 8 16 J'ly 43 Jaa
21
170 20 Jan
owa Central
*37
•37
'38
40
40
39
100 38 V Jan
42 Jan 14 304 Oct 773fc Jan
Do pref
27
•27
30
30
27
27
29 Jan 21 25i4 0ct 47 4 Jan
100 27 Feb
<& Michigan..
65 68 •66 63 Kanawha
•66
68
664 Jan
69 Jan 21 62i4 0ct 3234 Pel*
C.Ft.S.<feM.,tr. cts. pfd
21 Jan 21 16 4 Oct 36I4 Jan
425 131% Feb
ns^a 187e •18=8 204 18!^ 1334 Kansas City So. vot. tr. ..
36I4
3534
6II4 Jan
3534 37
35
3534
3334 Jan 19 29 Oct
Do pief. vot. tr. ctfs. 1,700 33 Jan
•10
•10
10 124 Keokuk & Des Moines.
20
20
100 104Janll 14 Jan 11 10 Oct 40 Mai
40 50 40 60
'40
60
J'ly
48
Do pref
§55 Apr
•27
28
27
28
27
29
Erie<& Western...
336 27 Feb 4 304 Jan 25 23 4 Nov 53 Jan
95 100 95 100 •90 100 Lake
§89 Jan 16 §39 Jan 16 89 Nov 118 Feb
Do pref
250 306 •250 300 *250 300 L. Shore <fe Mich. South'n
275 Dec 3344 Jan
53 53 53 57
63
53 Long Island
100 53 Feb 5 65 4 Jan 2 49 Dec 33 Jan
105 410612 IO5I4 10534 IO4I4I054 Louisville & Nashville. ..
I0414
Feb
95 Sep 1304 Jan
6
1114Jan22
7,960
1417814234 14134 142 4 141=8 143
Manhattan Elevated... 11,375 141 4 Jan 6 U64Jan22 126i4Sep 55 4 Jan
84 14 841.
84
85
87
S5
etrop. Secur., sub. rec
1,700 84 Feb 4 92 Jan 21 704 J'ly 12379 Jan
117341194 118 119
11741184 Metropolitan Street
14,480 117 4 Feb 5 124 Jan 2 99 78 Sep 14278 Jan
16 184 '154 184 Met. West Side El. (Chic.)
16 Jan 15 174 Jan 4 17 Dec 33 Jan
49 54 §50 50
Do pref
53 §50 Feb 5 §50 Feb 5 514 Dec 33 Jan
III4 11 =(
12 14
934 Jan 2 144 Jan 11
8 4 Nov 29
Mat
12
104 1138 Mexican Central
5,025
•120 130 »120 130 Michigan Central
120 130
50 §1194 Feb 1 §1264 Jan 29 102 -May 135 Jan
'60
*60
-60
62 14 Jan 2 6734 Jan 18 41 Oct 110 Jan
66
66
66 Minneapolis & St. Louis.
90 94 §91 91 90 94
Do pref
50 90 Jan 6 9434 Jan 21 83 Nov 118 Feb
62
62
67 Jan 20 42 Aug 79 4 Feb
624 63
594 624 Minn. S. P. & S. S. Mane
2,470 55 Jan
12634 Jan 28 1094J'ne 132 14 Feb
123 12319 122 122 120 123
Do pref
630 118 J-an
I7I4
15 4 Oct 30 4 Jan
17
17
17
19 Jan 21
164 1634 Mo. Kansas & Texas
2,060 I6I4 Tan
39
39 Is
38 4 39
37
Do pref
42 4 Jan 22 33 Oct 63 4 Feb
384
2,570 37 Feb
91'^ 92=9
8534
Aug 11578 Feb
9039
9034 92
Jan
9578
92 4 934
Missouri Pacifio
Jan
22
45,170
110 116 110 115
111 111
100 108 Jan 15 124i4Janll 85 Oct 133 4 Deo
Nash. Chatt. & St. Loui.s
3838 -374 3834 374 39
38
at.of Mex, non-cuni.pf
300 3473 Jan 7 41 Jan 11 344 Mar 47'>8MaJ
•1834 20=R
1939 20
19
Do 2d pref
500 17 4 Jan 7 2179 Jan 8 17 Nov 284J'na
19
11334 1194 118411834 118 1184 N. Y. Central & Hudson..
5,788 117 4 Jan 2 122 Jan 8 112=8 J'ly 156 Jan
274 274 264 29 4 26 4 28 N. Y. Chic. & St Louis...
400 264 Jan 12 3214 Jan23 19 4 Sep 45 Jan
95 107 "95 107 •95 105
103 Jan 21 108 Jan 21 100 Oct 113 Jan
Do Istpref
55 65 *60 65 '60 63
100 63 Jan 19 ^"d Jan 26 50 Sep 87 Jan
Do 2d pref
«194i4
19514 •194 I95I4 N. Y. N. Haven <fe Hartl.
194419534
291 19434 Jan 5 196 Jan 23 n874May 225 14 Jan
22 14 224
22
214 22 14 N. Y. Ontario & Western. 13,320 21 4 Jan 7 2414 Jan25 19 Sep 35 14 Feb
223fi
69
5979
5839 60
Norfolk & Western
594 60
10,035 56 4 Jan 6 62 'j Jan 28 5334 Nov 76I4 Feb
89 92 •89 92 *88 90
Do adjustment, pref.
89 Jan 5 89 Jan 6 86 Aug 93 lo Feb
54 57
•54
57
55
55
200 5238 Jan 6 66 4 Jan 22 3934 Sep 72 Jan
Pacific Coast Co
•90
•90 100
90 100
80 J'ly 100 Feb
100
Do Istpref
65 14 6579
67
Do 2d pref
320 6114 Jan 12 6779 Jan 22 50i4Aug 76 Jan
054 65 4 66
11734 11834 11678 118=8 Pennsylvania
118 4 120
394,726 1164Jan 6 123 4 Jan 27 11034 Nov 157'^8 Jaa
20 23 20 23 '20 234 Peoria & Eastern
21 Jan 21 23 14 Jan 22 15 J'ly 39 Jan
73 82 78 82 Pore Marquette
•79
79 Jan 20 8138 Jan 23 74 J'ly 91 4 May
82
•72
72 75
*72
Do pref
§74 Deo §76 Sep
75
75
•60
60 65 Pittsb. Cin. Chic. & St. L.
61
65
61
100 61 FeD 4 6634 Jan 22 65 Sep 94 Jan
•98
Dd pref
994 '98
99 4 §99
99
50 97 Jan 15 93 Jan 22 90 Oct 115 Jan
444 454 434 443;. 4278 44 14 Reading, vot'g tr. ctfs.. 68,800 4278 Feb 5 48 Jan 25 37 4 Nov 69 >4 Jan
Keb
79 8O34 30 80
Ist pref. vot. tr. ctfs...
81 Jan 25 73 Sep 89
80
SO
650 77i4Jan
59 65 *584 594 5334 5334
2d pref. vot'g tr. ctfs.
200 5334 Feb 5 62 Jan 25 5534 Nov 81 Jan
227g 23 4 Bock Island Company
41.927 2034 Jan 14 27 4 Jan 22 19 4 Aug 5 3 "b Jan
234 244 234 24
*63
Do pref
62 4 63 14
64
63
64 4
7,050 5734 Jan 6 6878 Jan 22 5534 Sep 86 Jaa
37 Rutland, pref
100 37 Feb 6 37 Feb 5 30 Aug 72 Jan
37
7
Oct 15 '4 Jan
1134 Jan 11 14 Jan 23
114 13 •114 13 •114 124 at. Joseph <&Gr'd Island.
40 45 40 46 •39 42 1^ Do Istpref
42 Jan 9 45 Jan 19 32 Oct 58 Jan
•18
*18
20
Do 2d pref
100 16 Jan 8 20 4 Jan 19 13 Oct 24 "g Jan
18
18
20
.331a
3379
367g
831a
3t?
Jan 28
3978
8514
,
5714
67
?26'« 2618
2614
26
251a 26
167i4lD7ia 166 16678 1661a 168
•871 2781a 271 273 265 273
21 74 21T8
2134 2134
211a 2134
-"
7-212
•72
71
7134 71
*20ia 231a
21
•2lia 241a
21
•11
lOTg
I214
11^8 11^8 410^4
*26
•26
23
261a 261a
271a
65
65
66
66
65
9i«
•9
913
9
10
9
•1414 16
1434 1434
•141a 16
27^
66%
•91
30
57
70
Thursday
Sales
STOCK
,
110
18
18
90
36
88
•185
30
291a *28
1431414488 143141441a
•175 177 173 177 a76ial76i2
1671a 1671a 165 168 4164ial64ia
30
'
Tuesday
Feb. 1
*134
\X1\ II8I4
:
Monday
STOCKS
NEW YORK
31
100
300
53 67
IO634IO7I4
143 14338
86 88
"^4
11334 1201a
i
,
,
'
123b 121a H2-4 12 14
Jligialig-a *120 130
62 67
60
67
90 94
90
94
64 14 65
60
6414
641s
124 I24I2
125 •123 125
17 14 17 14
1739 173e
"1712 181a
39 14 40
39
3934
8914 391a
93Vj 94
93 "8 9334
9314 94
•112 118
»112 118 •112 118
381a 381a 38
391a
•371a 39
*19ia 2012
20
20
•191a 201a
1191811912
11934
119
1191311934
2734 28
•27 »a 30
•271a 29
•105 ll^i
»105 112
*1U5 112
'6334 67
6334 66 la
65
65
»195 196 §195 I9512 195'gl95ie
121a
I
•120
•eo
•go
64 14
•122
»
>
i
:
22^8
6034
12»8
130
67
94
2338
tiil4
•90
•55
•90
93
120
12034
57
100
•661a 68
•211a
•79
•72
•60
*98
23
82
75
6412
991-^
451a 46 14
•79 '8 sola
•60
b3
244
641a
•11
•40
•18
24»6
6412
13
45
20
2234
2318
59 4i 60 la
•5413
90
66
120
•21
•79
•72
•60
97
57
100
68
121
23
82
75
64
99 la
4434 45Sb
•7979 81
59
23«8
64
62
24I4
6438
•11
13
45
171a 20
40
22-^8
6978
64
•90
•65
120
23I4
6078
57
100
68
12118
"211a 23
79
72
60
97
4478
79
'60
2334
6334
82
75
64
99 42
45=8
8O34
65
24 la
64
Ilia 13
•40
45
't,
I
171a 19
BANKS AND TRUST COMrANIES— BROKERS' QUOTATIONS
Banks
KEW YORK
Banks
Bid
Ask
£id
Ask
Banks
Bid
Ask
md
Banks
Ask
JeflfersonU... 142
152
405
14thStreet1I. 300
Leather Mfr. 310 335
American ... 500 626
Columbian
350 400
Fourth
t210 4
Liberty
Amer Exch.. t228 4 m93i Commerce. .b t210 t212 Gallatin
600
500
t395
Astor
Lincoln
950 1050
Consolidated 165
700 900
173
Gansevoortll 140
Manhattaull 310 330
Boweryli
350 380
500
C'ruExchgeTl 350 370
Garfield
Batch's <& Dr 160
Market
<&Ful
235
Discountll ...
160
German Am1| 155 165
Central
Mechanics'
East River.. 160
German Exl, 375
t292
tl87 4
160
Century 1].... 170 180
Mech & Itall 140 150
Equitable ...
100
Germauiall .. 600
Chase
Mercantile .. 230 240
Federal 11
300
'jOO
Greenwich 1i
108
Chatham .... 320 340
Merch Exch. 167 177
Fidelityll
180
Hamiltonll .. 170
Chemical
Merchants'.. 180
Fifth
525
540
4000 4150
A veil.. 3700 4000 Hanover
Citizens'
Metropnewli 376 426
Fifth
185
190
375
Imp <S> Trad. t594 4
City
MtMorrisll.. 200
First
220 230
Irving
t271
t620
• Bid and ask » d pnoes; no sales were made on ttiis day.
1| State
t Iflx righw.
§ Less thau 100 sniiires.
1 Sale at StookExchange or at auction thui week,
h Assesstneut paid.
s Trust Co. oartitloates.
Colonial U
.
.
Banks
Mutuain
Nassaull
New Amster
New York Co
N Y Nat Ex.
New York...
19th Wardll.
North Amer.
Northern
Orientalll
Paciticll
Park (new)..
People'sl)
banks,
a
Ex
Bid
Ask
275
130 190
400
1500
200 215
282 4
150
205 215
115
120
230 240
260 270
t495 t600
270 290
Bid
Banks
Phenix
110639'
Plazall
525
Prod Exchll
165
250
600
Seaboanl
600
Second
Slioe& Leth. 150
800
Stateli
34th Street.. 200
12th Wardll. 120
23d Wardi:.. 125
Union Exchi 157
90
United
Uiversidell
dividend and rights.
..
ASIt
230
160
216'
160
100
New utock.
.
.
.
EeCOrd— Concluded— Page
Stock
STOCKS— HJUJiial AXV LUWt:ST SALi. PRICJCS
Monday
Saturday
Jan.
•60
IfO
7'.'>s
4H
48
1«J
115 J
•00
•4718
72 «s
4S
&0--S,
•-••J>*
•-'2>«
22^.
81
84Si
S3»«
l-.'lllol-.'0»...
2:.»e
1-JO
•JO
-20
•JO
•24
28
14>-
33 >« 33
50
flO«8
22 1« 22-S
831a 83
>..
60^
311
45\
1.^0
liiO
14<«
!3
SO
-j;
70
48
i:.0
US* 14^
14\ 15
•60
47 14
Feb.
83^
92 K,
1434
33
50
2l''»
221a
823b
S3I4
Si
••JO
'24
•37 1«
27
39 Vi
92
<<
SOS*
81
il2
•11>«
12
>^
46
4C>-.
•20 Si 21
cO
31"v
18S,
IBS.
•43
•20
20
45
61
SO^
•90
•11
8l<\j
92
113,
4H«B
2014
88^1
171a
•47
2*5 14
SOW,
46^8
19=4
911-;
-U
113*
47
JOWj 20 "c
47
47
20 12
39
l7Vt
61
28
«9lia
26 V,
20
431a 44ia
38-8
•171a
3938
IS
50
•26
20
44
50
27
24
159
80
•90
81
92
47
47
20
\\\\
'\
17
'4
261a
I9S4
431a
441a
2'"
36
89
893,
37<>8
20
38 14
161a
17.\
1934
3334
17 "a
787e
19I4
431a
•220 226 {220 220 •220 225
220
4'Jit 5178
47 "a 6034
48
481a 491^
iyi«
19-'4
20
191^
19
19'»
19
19^ ia3<
14
•68
69
ettia
6878
70
71
{68
68%
•67Hi
1«
•30
30
31
30
31
31
301a 3034
•88
•88
•88
•89
91
91
eo
88
90
•
• 23
22
•22
28
22
22
28
2G
26
•192 197
•192 199 {190
»193 199 •193 199
Union
80 "4
•5i„
468
17>4
7
4'%
17*,
-51a
•4
17
8
82
•10
•27
•51a
18
8
32
17^8
8
32
Si's
11
10
11
27
85
20«^ 211a
781a 7938
•2
4
31
203*
7
6
213<
79 »a 79»a
•3
4
20
20>2
491a 50
49 14
60
9334
9278
9315
•911a
•100
120
191a 20
•110
82
120
90
12634 123
12738128
120 12034 11261a 127
•127 128 5127i«128
•10
10
11
10
•693j 76
6934 75
*70
72
73
72
•190 199 »185 200
•85 >Q 90
•47
Si's
61a
50
3184
•47
31
•45
714
60
31
'60
{5U
50
I5I4
1434 14 -b
10
193 14 1933; 191ial93ii
lOti
lOd •10414107
20\
201%
2018
2012
•72
7214 7214
74
•24 Hj 25 Hz
2412 24 li
170 172
1691a 170
13^4
*66
•26
37
•72
•7
1334
68
50
37
76
10
40
123*
•66
•26
I318
67
50
33I4 37
•72
76
40
?3978 397t,
10234 10234 •102 103
I5I4 15>a
151a loVj
?8ii4 hi
•81
»3
•J3o
•stiia
137
8914
27
273a
100^8 101
31
*70
•215
;
31
72
219
{7638
227g
7008
7»a
71^
•J
2^8
444
44 la
21
•76
79
o8ia 39
•79
82
21
134
38
•28
38V2
34
738
7814
8
54
1314
•52
10^8
54^8
3310
•105
115
Ih.
~"
78^4
8
5434
1378
53
It's
55^8
34
110
4»8
32
*10
•27
2114
}79
•3
•lyia
4934
93
«110
•85
127
126
127
51a
438
814
83
1614
{463«
25
I9I4
4334
17 1«
W Do
3Ha
82
11
35
'J,500
35
2034
78I4
-31a
igia
221a
79^8
4
Do 2d pref
Wisconsin Cent.
20
50
93
120
90
128
127
128
•47
30i«
•40
192
102
19^8
•70
714
44
714
44 14
201a 21
•75
79
38
82
38
*77
*lia
3714
1^4
*27
38
33
$50
6OI4
7
108
113
738
78
107
2034
737,
4114
7^8
5312
13
*50
lOia
64 14
3314
100
•714
{75
38
81
381a
81
8
64
38
*is7
31
105
1338
13
1338
51
lO'a
5434
3314
52
704 704
65
•47
51
324
'
50
105
112
Hi
lO^E
5534
3334
{I0512IO5I2
12 78
5014
loia
5433
321a
106
310
200
300
pref
___
Anaconda Copper,
Brooklyn Union Gas.
runsw.
4,500
Dock& C.Imp't
100
Butterick Co
Fuel &
CColorado
Do pref
304
3034
65
65
134
141. Col.
8,800
243
3,170
22,885
Iron...
^
Hock. Coal & Iron.
189381911, Consolidated Gas (N. Y.)
105
105
5184
&
400
Continental Tobacco, pref
Corn Products
19
•69
6,696
Do pref
234 234 Distillers Securit's Corp.
I6934 172
General Electric
12
12
International Paper
{6634 6634
Do pref
*26
50 International Power
648
925
73
334
40
Internat'l
8,975
755
946
200
100
Steam Pump..
72
21542154 215
213*
73
•2034
'224
76
*73
76
75
364 384
79 83
14
374
294
27
474 474
•105
43
111
714
74
774 774
6712
1278
511a
1034
651b
5479
5634
124
12=6
50I4
50
54=8
Do pref
7^ U S Realty Construction
Do pref
564
1134
1278 United States Rubber....
774
74
cfc
Do pref
484 504
l0-»4
114 United States Steel
6478 5578
Do pref
294 314 Virginia-CaroLLna Chem..
Do pref
114
10=8
5478
73e
7634
8
United States Express...
United States Leather....
105
{105
738
714
t>tDo
74 74
434 434
194 20 Rubber Goods Mf g
•75
79
Do pref
384 384 Sloss-ShelBeld St. & Iron
79 83
Do pref
14 14 Standard Rope & Twine.
854 37 Tenn. Coal, Iron & BR..
27
294 Texas Pacific Land Trust
Union Bag & Paper
Do pref
{47
48
74 74 U. S. Cast 1. Pipe & Foun.
Do pref
20
79
36
way
Steel Spring..
pref
BepubUo Iron & Steel
Do pref
all
56
314 324
104'8 105
Jan
1(!4 Jan
3(134 Jan
52 4 Jan
23 4 Jan
.^64 Jan
92 Jan
167
39 ])(>c 78 Feb
23 148 4 Sep 170 J'ly
22
1 2
Aug 30 Jan
23 24 Aug 66 Jan
27 3838 Sep 684 jMar
27 104 Oct 3676 Jan
22 69 4 Oct 96 Feb
26 85 J'ne 964 Mar
2734 Jan 2 3
124
22
29
4 Jan
1
Jan 2
4 Jan 23
3934 Jan 13
9534 Jan 21
82 4 Jan 22
91 4 Jan 29
1
2
Jan
Jan 27
2178 Jan 20
2934
47 78 Jan 27
220 Feb 2 225
46 4 Feb 6 62
Jan
Jan
Jan 6 2138 Jan 2
67 Jan G 72 Jan 27
284 Jan 7 327g Jan25
89 Jan 22 8ii4Jan25
234 Jan 15 2.7 Jan 15
5190 Feb 4 {197 Jan 27
5 4 Jan 19
54 Jan 19
2 Jan 5
54 Jan 27
11 4 Jan 5 1838 Jan 27
708Janl2
9 4 Jan
29 4 Jan 12 36 4 Jan 4
10 Jan 4 12 Jan 22
28 Jan 19 2114 Jan 23
164 Jan 6 23 Jan 27
804Jan27
754 Jan
434 Jan 22
3 Jan
22 Jan 14
17 Jan
474 Jan
51 4 Jan 28
3334 Jan
94 4 Jan 28
110 Jan 21 llo Jan 21
91 Jan 13
85 Jan
123i4Jan 6 131''8Jan25
12634
123 Jan 4
Jan 30
126 Jan 4 130 Jan 25
10 Jan 4 12 4 Jan 11
69 Jan 25 71 4 Jan 28
65 Feb 5 78 4 Jan 6
197 Jan 25 20934 Jan 15
7 Jan 26
6 Feb
49 Jan 12 49 Jan 12
27=8 Jan
344 Jan 27
65 Jan 27 65 Jan 27
134 Jan 23 1534 Jan 26
189 Jan 4 196 4 Jan 25
1014Jan 4 1094 Jan 22
17 4 Jan 6 2238 Jan 25
6338 Jan 15 74 4 Jan 23
23 4 Jan 2 264 Jan 21
1794 Jan 23
169 4 Feb
1438 Jan 25
1034 Jan
64»8Jan
674 Jan 23
J
1734
•'a
31
72
Jan 2 37
Jan 26 72
Jan 30
Jan 26
5
Jan 6
5 4 Jan 2(1
470 47 4 Feb 4 584 Jan 4
7 Jan 28
84 Jan 21
300
100 41 4 Jan 19 46 Jan 22
10 {105 Feb 5 110 Jan 25
84 Jan 2.5
7 4 Jan 4
4,350
2,282 75^ Jan 4 7934 Jan 2.3
938 Jan 21
6 4 Jau 15
14,200
58,127 40 Jan 14 574 Feb 2
141%
•2,295 1034 Jan 12
Jan 27
1,130 41 Jan 4 544 Jan 27
gsg Jan
12=8 Jan 2
50,115
60 Jan 22
264,965 644 Feb
344 Jan 25
9,905 27 Jan
1064 Jan 26
110 98 Jan
Vulcan Detlnnmg
205
«S8i2 SSk.
167
tl91
167
191
>205 220
88I4 88 14
166
200
164
180
205
220 205 220
88 88 "a^ 88 14 88 14
I6GI2I67
164 165
180 200 180 200
Do
205
215
{877e 884
163 164
175
2U0
20^
Fargo <& Co
est'n Union Tele'gph
West'gh'seEl&MIgassen
8778 883g
1604161
175
iiref
WeUs,
220
Do
200
204 Aug 43n8Feb
100
Oct 12878 .Ian
174 Oct
15
24
79
155
37-''8
Jan
Sep 317^ Jan
Sep 48 Jan
Oct 1224 Jan
J'uc
{l.'>94
Deo
Aug 10488 Jan
38 4 Aug 954 Feb
6534
9
1
47'<8Jan22
2134 Jan 27
41 Jan 25
19 4 Jan 22
5234 Jan 22
Virginia Iron Coal <fe Coke
8205
My
Dec
35 J'ly
lO'gOct
27 4 Sep
2238
Jan
64 4 Jan
3234 Feb!
55 4 Feb
27 4 Feb
404 Nov 62 May
20 Sep 384 Feb
1440ct 294 Feb
33 Nov 554 Feb
12
J'ly
{204 Jan 235 Feb
33''8 Oct
75=8 Mar
174 Nov
Jan
Jan
Feb
Feb
Jan
Feb
6 J'ly 2938 Jan
24 Oct 114 Jan
10 Oct 3738 Jan
4 Oct 1134 Jan
164 Oct 424 Jan
5 J'ly 1934 Jan
23 4 Nov 484 Jan
104 Oct 3118 Feb
674 Oct 9534 Feb
2 4 Mar
5 4 Feb
144 Sep 244 Jan
6278 Feb
3634 Oct
304 Oct 994 Feb
Istpref
40 §205 Jan 30 {212 Jan 6
1,006 36 Jan 6 89 Jan 27
1,500 160 4 Feb 5 17378 Jan 21
50 192 Jan 8 194 Jan 19
41*4
60 4 Nov 93
25 4 Aug 464
82 J'ly 98
24 Nov 414
171 Aug 235
90
80
Aug 126
Mar
Sep 9838 Jan
1074 Oct 1343gJan
Aug
123 Deo
116
1174 Oct 169 Feb
1408 Feb
7 4 Oct
65 Oct 80 Jan
58 Oct 1254 Feb
170 Sep 225 Jan
6 Oct
154 Jan
40 Aug 65 Jan
24 Nov 82 4 Jan
65 Dec 122 Jan
94
164
Nov 22 4 Feb
Aug 222 Jan
Jan
9434 J^ug 119
15 4 Nov 35
60
20
136
Mar
Nov 854 Jan
Jan
Feb
9 J'ly 1978 Jan
Nov
57 4
744 Feb
23 Nov 73 Jan
28 Dec 464 May
70 Oct 39 4 Jan
6 4 Sep 13 May
32 Oct 47=8 Feb
J'ly
3434
Sep 204
800 36 Jan 4 4034 Feb 3
327 1004 Jan 16 103 Jan 23 94 Oct
600 14 4 Jan 4 16 4 Jan 23 IO4N0V
50 30 4 Jan 26 804 Jan 6 75 Oct
132 Jan 4 13934 Jan 22 105 Oct
90 Jan 26 6S Sep
1,249 82 Jan
334 Jan 18 17 Aug
4,050 25 Jan
102-% Jan 23 3734 Sep
6,805 954 Jan
33 Jan 28 22 4 Nov
1.590 27 Jan
724 Jan 28 62 4 Nov
135 69 Jan
125 215 Jaul4 2194 Jan 22 196 J'ly
600 2134 Jan 5 23 4 Jan 27 16 Sep
78 Jan 4 67 Nov
610 74 Feb
5i^6Nov
334 Jan 25
64 Jan
600
Jan
494 Jan 23 3634 Nov
404
2,110
224 Jan 27 12 J'ly
4,180 17 4 Jan
30 7434 Jan 15 794 Jan 27 60 J'ly
39 Jan 30 224 Oct
1,140 31 4 Jan
81 Feb 2 67 Nov
160 77 Jan
134 Jan 26
34 Sep
78 Jan
375
41 Jan 27 25 '8 Nov
10,460 35 Jan
284 Jan 22 29 Jan 22 22 Aug
Pullman Company,
219
2134
834
33
106
51,595
925
814
'
"736
56
Refinin;
Amer. Teleph. & Teleg..
American Woolen
Do
494
Highest
904 Feb
Aug 88 Feb
J
.Ian 23
ti
72
Do pref
*7
10 Manhattan Beach
{4034 4034 National Biscuit
10234 10234 {Iu36el03n8
Do pref
•15
15
15
164 National Lead
82 90
88
Do pref
135
1214135 New York Air Brake
8238
844
83
North
American Co., new
844
29
2934
28
294 Pacific Mail
99 4 100 14
eop. Gas-L.<fc G. (Ghic.)
997e 10038
30
304 2934 304 Pressed Steel Car
68 70 •684 694
Do pref
43
7I4
8,510
1,665
Refin'g.
American Snutt
10
6
74
334
63
10
13,665
1,417
400
&
904
Do pref
1244126 American Sugar
125 125
Do pref
50
3078
65
131a
77ia 771a
57
107
47
pref
pref
American Malting
120
854
7
444
50
78
814
110
68
198
6
74
29I2
Do
Do
4
188
4414
1934
37 14
American Locomotive.
734
198
614
134
736
78
701a
6Sia
714
27
112
Ilia
701a
681a
441a 45
1934 2OI2
79
37
80
20''6
126
188
1434
36I4
55
10^8
5538
3334
126
•10
65
134
37
911a
American Linseed
Do pref
4878 Amer. Smelt'g
9134
Do pref
914
120
92
pref
12
35
20
48
12434 12534
311a
75
37
79
75
*lia
19
1251a 12612
50
714
8
451a
2034
712
78
911a
7
1414
50
•3314 40
•72
76
•7
10
201a
204
65
14
1901419114
191 192
105 105 •105 107
I9I4 I912
19
I914
70
70
701a 7012
•24
25
24
24
172 172
170 171
1234 1314 {12
12
~
66
66
{663e 6638
•26
30
50
26
33I4 35
35
35
72 76 •72 76
•7
•7
10
10
4034
40
404 401a
15=8
I9214
•26
•43
27
*34
110
•85
Do
25
140
960
1,000
1,815
3,465
pref
American Ice
8
303*
4
19
49 14
12638 127
I26I2
24I4 2i\
I6934
•131a 1334
661a 66^4
•4OI4
30
•10
925
Oil
pref
De
174
734
35
49
110
Kxpress
American Dist.Telegrapli
American Express
^
64 American Grass Twine
436 Amer Hide <fe Leather..
438
154
'3
19
9913
•47
31
•60
458
78I4
126
60
32
65
•54
5
Do
Jan 28
570
56
68
Aliacell
«fe
American Cotton
91
781.^
191a
*6i4
28
200
20% 21
110ial20
7I4
•22
190
78
1261a 128
-9^8 III2 •10
11
•6934 75
691a 72
67
74
691s 691a
•185 200
186 198
61s
30
79
4
92^8
85
30
2118
49 1« 60
9114
200
2,090
2,420
t. tr. cfs.
pref. vot. tr. ctfs.
Adams
225
83
28
190
•27
28,540
1,240
200
prel
.
161a 161a
8
8
3II4 3108
•10
11
81a
11
4618 4334
337,055
nialganiated Copper.
18«8 194 American Car & Foundry
8,800
633
674 68 14
Do pref
68
8878
1^00 44
'abash
Do
6
Jan 7
Jan 19
Jan 21
19 4 Jan 4
3538 Jan
164 Feb
46 Jan
24 Jan
164 Jan
38 Jan
343
prof
I6I4 Wlii^c-iing& Lake Erie...
4634
Do letpref
193f,
225
76 4.Tan
144,240
Do pref
274
1834
311a
91
438
2,125
PaoiUc
Do
434 434
4878
191a
{5
4'%
17
•8
•10
•27
10^8
54
102 Hi 102 la 102^2 1031-2
•15
lb\ I5I4 I514
{8II4 81 14
*81ia 90
la
*121i2l35
•121 135
1211a 135
8634 8634
87
87
8478 86 la
28
28
28
2934
281a 2914
IOOI2IOII4 10034 10138 1 00 14 10034
•30I4 31
31
301a 3034 «31
*68ia 701a
71
711a 711q •69
•216 218 215 220 215 218
22
22 14
23
23
••il34 23
*74
7513 76
76
74
75
7
•108
7
4«8
17^8
300
500
1) ''h
UuitKyslnv'tof SanFran
1134
444 45
19 4 19 4
354 37^
225
226
47-8 48^,
10(1
650
City Hapld Transit.
pret
Industrial
»220
.'xi
0,700
&
914 914
10
50
•251a 26
26^!
193*
1,1
Tol. St. L.
W. V. tr. ctf.s
Do prct. vet-, tr. ctfs.
894 Twin
Jan 28
394 Jan
150 Jan
134 Fob
31 4 Jan
4
Jan
1 9 4 Jim
77 4 Jan
92 Jan 20
24 Jan 6
120 Jan 4
22 Jan 2
23 4 Jan 4
36 Feb 5
8878 Jan 7
Do
•47
44
418
Lowest
irigtiest
i70
2,625
'1
3616
Lowest
Sfiarcs
32Do prof
3,900
49 Southoru Paolflo Co
124.4S5
2134 Southern v.Tr. cf«. stiupcd ir.,920
82^4
Do prct.
4,92^J
do
234 23 4
Itange for Year 1904
Kange tor JPreviout
bans oflOH-s/iare lots
Year (1903)
Week
KXCUANUK
6
[Vol. lxxviil
(>n
the
M. <fe O. stock tr. ctfs...
247, 'Poxas i& Pacilio
24
I20I4I2O', 1 Inril Avpnuo (X. Y.)--"JO
Toledo Kailwiiya cfe LlRht
'150 159
7934 801a
911a 911a
60
20I4
4734
2II4
811a
27
38
•36
89
<(034
a;8D34
ij2"4
49-"^
247b 2514
12038 1203p
*JOi« 221-j
2i>34
•
•90
481a
2134
8218
•36 "a 38
38
relt.
32
•J2>-..
2634
271..
•.'2
1334
141a
3J
49
2">
JO
*
15.>
i:.o
4
1
2
Salrsoi
St, Ii<ftS Fr.JPM&Coctfa
•66
7;
1)0 Isl prel
76
47 "v,
40
46
])o 2(1 prpf.
}1.''5
1
155
C.feK.l.com stock tr ctfs
14I4
13>4 1334 St. IjOium Sontliwostern
46
46 Si
25 "a
120=^1203^
25 Wj 2618
20 V
}121i«121i4
121
1.
J-'fh.
.V
STOCKS
NKW YORK STOCK
/Yitiay
Thur.^<tay
nviifK'siidi/
/V6. a
I-eb. 1
3
6
1
.
44 J'ly
10678
May
29 4 Feb
95 Feb
177 Jan
1244Jan
4234
Jan
10338 Feb
6534 Jan
Feb
95
23534 Jan
Feb
Feb
37
90
22<% Feb
8038 Feb
Feb
30
844 Feb
72 Feb
97 4 Feb
6 4 Feb
6838 Mar
4934 Jan
Jan
Jan
15 Feb
33 Nov 55 Feb
95 Aug 1504 Feb
6 Sep 15 '4 Feb
9634 May
71 4 Oct
4 Dec 284 Jan
304 Nov 73 Jan
7 J'ly 19 4 Feb
304 J'ly 58 Feb
10 Nov 39^8 Feb
4934 Nov 8934 Jan
17 4 Sep 66''s Feb
30 Aug 128 4 Feb
17 Sep 39 78 Feb
5 4 Dec 3334 Jan
70 Sep 81 Jan
jl91 J'ly 249 4 Feb
804 Sep 93 Jan
130 Oct 221 Jan
160 Sep 224 Jan
5734 Dec
6 Sep
15
7934
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Mid
Varick H
180
Wash.H'htsf 200
Westsidelj.. 500
Yorkville;] .. 375
Ask
200
Banks
Meciiauicsll
Sidell.
Peopie'sli
Sprague
Con'yI&BBI 140
400
Bill
1
and asked
Bid
Ask
Bid
CITY
Bankers' Tr. 300
Exchange Tr
Bowl'gGreeu 1974 2024 Farm Lo & Ti'
Filth Ave Tr
BroadwayTr. 140 145
Guaranty Tr
C'lK'tyB&Tr 395 410
Guardian Tr
Central Tr'st 11980
Knick 'rb'k'r
City Trust... 275
300
230
230
215
306
Commonw'th 60
Continental 675
Kastern Tr.. 145
Empire State 170
Equitable Tr 675
Colonial
17 th Wardll. 150
150
Broadway"!].. 300
iBrooklynl] .. 130
Trust Cos.
Ask
N. Y.
Merchants'.. 115
Nas.sau
380
Nat City
310
North
'First
Ask
Manufactrs'. 325
BROOKLYN
BoroughU
Bid
BHOOKLTN
2104
Stuyv'tHtsli 180
150
Unionll
WaUaboutl] . 150
prices; no sales on this day.
{ Les.s
Sale at Stock Exchange or at auction this week.
320
Lincoln Tr...
325
65
McV'ok'rRty
Manhattan
.
Mercantile ..
Merchants'..
Metropolitan
178
700
maa
Ex
Ex
5
loo siia,res. i
stock dividend.
rii^lits.
Trust Go.
dJ.
1375
530
610
170
870
320
220
500
1000
210
t625
1426
560
640
180
890
330
230
1025
235
t626
Bid Ask IViist Co's
Windsor
MortonTrust t905
Mut.Alhance 220 240
N Y LifOifcTr
N Y'SeccfcTr
1050
1000
t250
North Amer.
Real Est Tr't 390 410
StaudardTr't 325 350
Tr Co of Am. 225 230
Union Trust 13;iO
USMtgcfeTr 400 430
Unit States 1480 1500
VanN'denTr M^ 212
Wushiugiou 390
.
P. .\Iori ;;iu 1* Co. coitulo.itoi.
cortLllo:itea. II Banks marked with
I2IO
BROOKLYN
10(10
'.too
Bid \Ask
Brook yn Tr 390
Flat bush
Franklin
Hamilton
Kin«s Co
L
Isl
190
320
290
400
200
340
I-
L&Tr.
250
330
People's
Williamsb'g. 240
Nassau
'290
1
|360
247
...^v.
a paragraph (H) are State Danns
New York
Exchange— Bond
Stock
BON DS
STOCK EXCHANGE
Week Endlno eeb 5
N. T.
I*rice
Week's
Friday
Feh 5
Manye or
Ask Low
Bid
U. S. Govei'iiiiient
U S 28 coDsol registered. dl9oU
S 28 cousoi coupon
dl930
U S 28 cousoi reg small. .dl930
U S 2s cousolcoupsmall.eJiyyu
U S 3s registered
/clDlS
U S Sscoupou
A;1918
U S 3s reg small bonds. .fcl918
U S 3s cou small bonds. ./cl918
U S 4s registered
/il907
U S 4s coupon
/il90
U S 4s registered
1925
1925
U S 48 coupon
U
S 5s registered
S 58 coupon
10434 IO514 107 14 Jan '04
10434 105 1< IO5I4 Jan'04
107
107i2Nov'03
107
107
109 Kz Dec '03
107 Hi Jan '04
108
108
13214 133
107
108
107
la
10712
1906
1900
1900
Currency funding 4s
1920
1924
Dist of Columbia 3'65s
Louisiana new consol 48. .1914
Small
1894-1995
Missouri funding
North Carolina cousoi 48.1910
68
1919
So Carolina 4"iis"20-4o!.'!.'.'l933
Tenn new settlement 38. .1913
Small
Virginia fund debt 2-3S...1991
6s deferred Brown Bros ctfs.
B6s
C 4s
95i2Feb'02
96 ....
itie Oasis ol four marks
98",
are pr
118
J-J
1031a.
.
J-J
J-J *102
asis
95
9612
T&
93 12
ea^sSale
1995 A-O
Kegistered
/il995
Kegistered
/i.1995
/(.1995
Nov
Nov
M-N
89I4
89
Stamped
89
East Okia Div Ist g 48.. 1928
Cbic & St Louis Ist 6s. .1915 Wl-S
Atl Kuoxifc Nor 1st gos.. 1946 JO 10912
93 14 Sale
Atlantic Coast 1st g4s.ft.l95'^ M-S
Charles & Sav Ist g 7s.. 1936 J-J 134
Sav Ji" <fe
Ist gold 6s.. 1934 A-O 1261a 128
1st gold 5s
1934 A-O 112
St Jolin'8 Liv l8tg 48.1934 J-J
Ala Mid 1st gu gold 6s 1928 M-N Ill
Brans &
9212.
1st gu g 48 1938 J-J
SU Sp oca & G gu g 4s 1918 J-J
92
Atlantic & Dauv See South Ky
Atlantic <fe Yadk See South Ky
Austin & JSf
See Sou Pacilic
Bat Creek & S See Mich Cent
alt <fe Ohio prior ig3^s.l925 J-J
94>« 9434
Registered
/tl925 Q-J
Gold 4s
/tl94S A-O lOliaSaJe
Kegistered
/(.1948 Q-J
Conv deb 48
1911
P Jun & Liv Ist g 3 '281925 iVl-N "891^""!:
Kegistered
pl92o y-E
PLE&
Va Sysref 4sl941 M-N *96 96
Southw Div Ist g3'2S...1925 J-J
SS*^ Sale
Kegistered
/tl925 y-J
Monon Kiv Ist gu g 5s. .1919 FA 10313
Cen Ohio K Ist cg4'2S.. 1930 M-S 108 111
Pitts Clev & Tol 1st g 6s 1922 A-O Il9'2l25
Pitts & West 1st g 4s. ..1917 J-J
95 100
MS
W
W
.
.
MS
W
J P M & Co certfs
Beech Creek See N Y C <fc H
BeUev & Car See lUinols Cent
Bklyu & Montauk See Long 1
Briins & West See Atl Coast L
Buttalo
Y & Erie See Erie
Buflalo K
P gen g 5s.. .1937
AU & West 1st g 4s gu..l998
N
&
C1& Mah latgugSs
M-S
A-O
113
1943 J-J
F-A
111
J-D
121
& Pitts 1st g 6s. ..1921
192ii
BuUalo & Southwest See Erie
Butt & Susq let ret g 48.dl951
Registered
dl961
Bur Cedar K & No Ist 58.1906
Koch
Consol 1st g 6s
Con
734
93
99'a
9312
17
428
100
100 Jan '04
89 14
89 14 20
82 la Jan '04
89 14
89 la 25
Dec '03
9334
1141a Oct '02
93^8 213
93
9234
125 !« Nov'03
11268 Jan '04
9416
J
A
1934 A
Canada South Ist 5s
1908 J-J
1913 M-S
Registered
1913 M-S
Garb & Sliawu See 111 Cent
Carolina Cent See Seab Air L
Carthage <fe Ad See N Y C <fe H
Vv'2d 08
CedRXaF&N
Cen
9434
Jan '03
9514
1013, 117 10634
9934 Oct '03
102"
101 la
Nov'03
883,
Jan -04
95
88 'a
871a
97
8934
9314 97
87 »8 89
SS-'e
9014 J'ly'Oii
II414 J'ue'02
10934 Oct '03
122 Jan '04
98 Aug'03
100i4Feb'03
122
122
II6I2II7
981a
99
10138 102
110
Jan'04
Jan'04
I2012 Mar'03
118 Jan '02
10234 .
10634 .
105i«.
10278 103
10678 107
107 Aug'03
IO212IO314
IO6I4I0712
& Ohio
g 5s 1937 M-N
.......
10234 102
117
92i<2
Cent ot Ga RK Ist g 5s..2;iy45 F-A
Cousoi gold 58
1945 M-N
Registered
1945 M-N
Istpref mcomeg 5s
pl945 Oct
104
116
117
117
92 la Jan'04
921a
92%
107
1041-2 J'ly '03
118
105 12 Sale
1051a
118 118
1033410612
Jan'04
106
105 la Sep '01
701^
70
71
W 1st g 5s
Dak & Gt So 5s
P
Lacrosse «& D 1st 58. ...1919
1910
Mineral Point Div 58
1910
So Minn Div 1st 6s
SonthwestDivlst6s....l909
Wis & Minn Div g 5s.. ..1921
MU & No Ist M L 6s.. ..1910
1913
Ist consol 68
1915
Chic ife Northw cons 7s
Extension 48
1886-1926
Registered
1886-1926
General gold 312S
1987
Kegistered
ml987
Sinking fund 68. ..1879-1299
Registered
1879-1929
Sinking fund 5s. ..1879-1929
1879-1929
Kegistered
Debenture 5s
1909
Registered
1909
Debenture 5s
1921
Kegistered
1921
Sinking fund deb 5s
1933
Registered
1933
Des Mo <fe Minn 1st 7s. .1907
MUwcfe Madison Isl6s..l905
St Pet 2d 78. .1907
g 6a 1921
68
711-2
Registered
General gold 4s
Registered
1917
1988
1988
CoU trust Series B 4s. ..1904
If 4s
1910
M4s
1915
N4s
1916
P4s
1918
Cliic R I & Pao RR 4s. .2002
Keyistered
2002
CoU trust gold 5s
1913
Ok
Choc
& G gen g 68 .ol919
Consol gold 5s
1952
DesM & Ft D 1st 4s 1905
Ist2i28
1905
Extension 4s
1905
Keok & DesM 1st 5s
1923
Let Cit StRy l8tcongos.l905
Gr Rapids Ry 1st g5s...al91ij
L0UI8 Ky Col8tcong5s..l93ii
Market St C Ky Ist g 6s. .191;,
Met St Ky gen col tr g 68.1997
Bway«fe7thAvl8tcg58l94:i
*No price Fri<lay;
Street
A-O
J-J
J-J
M-N
F-A
F-A
J-J
Jan'04
Jan '99
10733 Jan'04
100 Jan '04
102
110
102
108
109
100 la Sale
85
*78
,
100 la 100 7g
85
85
85 la Jan '03
101
102
10738 10738
100 100
46 100ial03i4
85
871-2
J-D
J-J
90
101
A-O
90
95
Oct
'o;.'
J'ne'OO
J-J
J-J
J-J
103
Nov'Ol
109
Mar'y8
J-D
J-J
J-J
F-A
112
J-D
11312
latest price this
week,
113
112=8
113 12
a Due Jan
112=8 II512
U214II31-.,
113
1131-.;
(i
Duo Apr
e
Duo
.May
26 100
102
821* Sale
IOSI4
IO8I4
II6I4
Met St
112'8 0ct
IO314 103^8
10934
106 Sale
104 12
F-A
M-S
M-S
M-S
M-N
M-N
10234
1051a
loeSa
IIII2
1283^ 130
J-J
J-J
M-N
M-N
M-N
M-N
M-N
M-N
M N
M-S
J-J
M-N
J-J
J-J
J-J
A-O
112 May '03
10 1 la 101 li
94 la Jan '04
104
99ial01ia
loe'-.iOct '02
90% Dec '03
82
76
82 la
7634
8334
10434
Apr '02
Apr '00
99
99
92 12 Jan '04
Is
109 Deo '03
941a
9413
8II9
741a
83
77
101 la
93
99
92
10034 Nov'03
Jan'04
106
105
100
10534 106
Dec '03
Jan'04
10534
lOeis
115
115
106 14 Jan'04
129 3g Oct '03
11 6=8
Jan'04
120
113
Dec'0'2
Jan
Jan'04
108
108
L70
J'ly'03
115''8
11^34
il2iiil3"
12634 128
Jan'04
108
170
108
170
170
llli4Dec'03
Jan '04
Dec'O
9858 Jan '04
108 1« 109
109
111
98
9818
'04
119 119
109=8 111
116
111 la Nov'03
137 la J 'ly '99
19 11434 116
II714
12 11638 llSia
106 106 ,/
1181a
Jan'04
11034 IIOS4
10934 10934
11434 11434
12938 12938
Jan '04
104
104
104
10638 Oct '02
99
103
99
9818
99
Nov'9S
11334 Dec'03
llli2Dec'03
10934
10934
10634 Mar'03
10538 106
104 14 Jan'04
10s7gjan'04
IO834
Jan
'04
1091a 10934
22 lOSiglOe
IO4I4I0414
108^8 108'9
10334 10834
114 la Aug' 03
123 May'Ol
12158
10134 102 14
Nov' 02
Oct '02
105=8 Nov'03
106
108
IIII4
Dec '03
lii8'4
Jan'04
934
Dec '03
1 1
128=8 129
1421a Feb'02
13134 Dec'03
107 Is Feb '01
109 Sep '03
1221* Jan'04
125 Nov'03
102
103
107 Jan '03
98 Aug'03
122i8l22i»
80 ibi" ioi"*
yy'8 J'ue'02
99 la J'ly'02
9938 J'ne'02
Aug'03
87
703b Sale
7018
.'-;&i4
80 Hi Sale
10434
96
91 14.
,
,
104
If
456
661a
7434
'03
8012
85
82 If 474 73
104=8 104=»
10433 Jan '04
103^8 103''8
103-8 Jan '04
9514 Oct 'O,*^
90
98
96I4
72
Jan
Oct
'03
Jan'04
9334
98
ggvj
921a
119
IO4I2 Nov'03
,
Railway
Third Ave Ry 1st g 6s. .1937
S El(Chic) Istg4s.l938
MU El Ry c& L 30-yr g 68.1926
Minn St Ry 1st con g 5s. .1919
St Jo Ry Lt li&P 1st g 58.1937
St Paul City Cab con g 6a. 1937
Union El (Clue) Isl g 6s. .1945
United RRs San Frsf 48.1927
United Rys St L 1st g 48.1934
VV Chic St 40-yr cons g 58.1930
/c
92
119
94 14 95
11713
J-J
10434
92
92
119 Jan'04
11 6 '4 J an '04
94 12
943.,
117 Jan'04
95 Jan '04
106 ocf'jy
LIO J'ne'02
119
11614 11614
19 9412 9514
117
95
117
95
AIN
J-J
A-O
A-O
ios'"!!."^ 109 14 Apr'03
109 Hi Dec '99
7912
7;i't.
"79i-J8ale
12ii
751a 80
84''8J'ne'o:i
yy Dec '97
J-J
M-N
<»aM and Klcctric laglit
Atlanta G L Co 1st g 5s.. .1947 J -I)
Uklyn U Gas Ist cou g 58.194; Vl-N
/iDueJ'ly
91
118
11634
W
.
1061* 10614
'04
12534
100
100
13 10534 106
3 II412II5
on Next I'aae.
Ky—rCoJi^Ket g 4s2002
(/Duo.J'ue
66 102
Feb'03
11338 Oct 'Ob
109 la
IO8I2
II512
1131s
103
J-J
111
Apr'Ol
103
106
183
J-D
y-F
F-A 103
F-A
M-N
9818 99
Q-F
A-O 113=8.
Col<fe9thAvlstgug 6s. 1993
Lex Av i& P F Ist gu g 5s 1993
Third Ave ]i.li, coii gii 48 2000
Met
111
17 1143411514
'03
116^ Sale 1151a
1090b
127
11618
10534
IO3I4 108>«
Jan'04
111
116
111^8
IO6I4 J'ly'03
1051a
11034 113
11034 Jan '04
llOig.,... 10934
10934
114 115 11434 Jan '04
lllia
113 Oct '03
11534
116 J'ly'03
12939
12938 12938
A-O
A-O
A-O
M-N
M-N
A-O
A-O
M-N
M-N
102
,
Ext & Imp 8 fund g 5s 1929 F-A U778
Aahland Div 1st g 6s. .1925 M-S 1321a
Mich Div 1st g 6s
1924 J-J 12938 131
99I2
Convertible deb 5s
1907 F-A
Incomes
1911 M-N *107
Chic Rock Isl & Pac 6s... 1917 J-J 122
MISCELLAJVEOUS BONUS—Continued
Street Knilway
Brooklyn Rap Tr g 58
1945
Atl Av Bklyn imp g 5s. .1934
BkCityLst con 58.1916, 1941
Bk y Co & S con gu g 58. 1941
Bklyu Un El Ist g 4-5S.1950
Kings Co El Ist g 4s.. ..1949
Nassau Elec gu g 4s
1951
City & S Ry Bait Islg 5s.l92ii
CouuRy<fcLl8t&ref g4ia8'51
Den Con Tr Co 1st g 68...193;;
Den Tram Co con g 6s. .1910
Met Ry Co let gu g 6s..l91J
1910
1921
1916 J-J
1924 J-J
1910
1910
1908
MU L S & West lal
987sJan'04
102
117
PacDiv68
Winona &
See Balti
K H & B of Ga col
L05
lOlia
lllialllia
Deo '03
119 Jan
109=8 Jan '04
Mo Riv Div 5s. ..1926
12818 l:Ui-i
130 1301a
130
llli2Jau'04
I15»8ll9
111
113
<fe
47
35
J'lJ'-OS
1313ts
Chic
Chicfe
1
High,
281a 32
19
2014
J'ue'99
116iaApr'03
North lUmois 1st 5s. ...1910
Ott C F & St Paul 1st 58 1909
103 Apr'97
124i4J'ne'03
124% 122 Is Nov'03
102
103
131
II312
lst5s
9314
94
RK
I&D Exten 1st 7s
.S'eeBCR&N
Cen Branch U Pl8tg48...ly4i5 J-D
Cen Branch Ky See Mo Pao
Central Olno
Q-iM
ref g 38. ..1949 A-O
1st lien Sias... 1950 J-J
g
Far & Sou aasu g 6s
Hast & D Div 1st 7s
....
....
J
CRIE&N Wlstgu58.1921 A-O
M & StLlstgug7s 1927 J-L)
/
II914
94»4
191-2
Chic& LSuDivg5s....l921
Chicife
112'^112«8
95i4Nov'01
111 Apr'03
87 Aug'Ol
91i5.Oct'03
941-^
Alt
3034
January
Low
131)
'
11612 Jan '04
116
J
1st <& col trustgSs.. 1934
Registered
130 -Sale
IIII4II5
100
101 104
lOfiaSale
103
,
1-,
W
M
10434
1
1 3
3g rfale
76 Sale
1950 J-J
Registered
Chic B & Q— Ch & la D 5s 1905 F-A
192" F-A
99 Is 102
102 1* 102
Denver Div 4s
9234
1949 J-J
llUnois Div3ias
llOia
Iowa Div sink fund 5s. .1919 A-O
lOl^a
A-O
1919
Sinkingfimd43
Nebraska Extension 43.1927 M-N lOS'-Sa
1927 M-N
Registered
1921 M-S 10034 102
Soutliweatern Div 4s
Joint bonds See Great North
1913 M-N 106
Debenture 5s
Han & St Jos consol 6s. .1911 M-S 115 Sale
Chic & E 111 1st 8 f cur 6s. 1907 J-D 10534
1934 A-O *130
1st consol g 6s
1937 M-N 116=8
General consol 1st 58
1151-2
1937 .\1-N
Registered
Chic & Ind C Ry 1st 5a. 1936 J-J II314....
92
981a Chicago & Erie See Erie
98'8l00
Chic In <S> Louisv ret 6s... 1947 J-J
1261a
yyi^ioo
1947 J-J 109 IIOI4
Refunding gold 5s
108
J-J
1910
90
&Ch
Ist
6s.
Louisv
N
A
871a
Sale
821a 82 -a Clue MU & St Paul con 78 1905 J-J 170
87 12 8934
1914 J-J 10»l8
'Terminal gold 5s
108
General g 48 series A. .£1989
Registered
el989
General g 312s series B.el989
Albany & Susq
92'4
&
Uailway
High
Aug'02
108i4Sep '02
& Ohio g 6s ser A..ytl90« A-O 108 110
01911 A-O 11034
GoldOs
1939 M-N 116 Sale
Isl consol g 5s
1939 M-N *114 1151-2
Registered
4
1992 M-S 103^8 Sale
General gold las
103
1992 M-S
Registered
1940 J-J ioo'i^
Craig VaUey IstgSs
R & A Div 1st con g48.. 1989 J-J 101 la Sale
9412 96
1989 J-J
2d consol g48
Warm Spr Val 1st g 5s.. 1941 M-S IO6I4
86
Greenbrier Ry lstgug48 '40 M-N
Chic
93iaDec'03
73*
laba Midi 6'ee At Coast Line
Hee Del cfe Hud
Alleglieny Valley See Penn KB
AUeg & West See Buff K & P
AmI)ock<fclm iieeCentof JST
Ann Arbor Ist g 4s
A1995
Atcli
a i"e gen g 48.. .1995
Liar,
of $5 to £.
102 12 Jan '04
136iaJ'ly'01
120 Mar'OO
96 Nov'03
93 i-i Nov'03
A-0
J-J
J-J
J-J
J-J
the
104^8 Sep '02
109i4Oct '00
102i2Mar'02
lU Mar'02
121 Mar'03
106 Apr '03
lOOiaFeb'yy
J-J
J-J
J-J
J-J
F-A
ne do
to o
Nov'03
n
ices
Railroad
Alabama Cent Hee So By
Adjustment g 4a
291a
19 14
103
102
<fe
'
2 hese
Class
Class
30
20
Clies
Franklort-on-Main i^s ser 1.. M-S
These are price « on
S of Mexico s f g 5s of 1899 y-J
Since
=qiQ
92
J-J
J-J
1946 J-J
^1910
^sk Low
19
Range
Last Sale
J-D
N Y Long Br gen g 4s 1941 M-S
Cent Pacilic See So Pacific Co
Chas & Sav See Atl Coast Line
Foreign Government
State Securities
Alaltama class A 4 to 5
412S
Week's
Mange or
•/9
Oct
Oct
Imp gu 5s..l9'.il J -J
Le<fe Hud R geugugSs 1920 J-J
Leh & Wilks B Coal 5s. .1912 M-N
Con exl guar
134'" i34
Price
Friday
Feb 5
Bia
(Jent ot N J geu'l gold 5s. 1987 J-J
/i.1987 y-J
Kegistered
lOl^uAug'O^S
IOII4 Nov'03
1904
1904
Central ol GSi— (Continued)
pl945
2d pref income g 5s
2^1945
3d pref income g 5s
1951
puiniou
4s.
Chatt Div
g
Mac & Nor Div 1st g 58.1946
1947
Mid Ga& Atl Div 5s
Am bockcfe
13334 Nov'03
13314 134 Jan'04
Si
STOCK EXCHANGE
Week Endino Feb 5
N. Y.
Mobile Div 1st g 58
la
J'ne'02
106'2...-
132
IO558IO7I4
105 14 look's
107-4 107^8 Nov'o3
107 14 10708Jan'04
106
106
l'A(JEr
BONDS
Jiange
Since
5o
Sale =qcc January 1
High No Low High
Last
Weekly and Yearly
Record, Friday,
FOUI4
<)OC"UPYlN«i
llS'a'ialo
Due Aug oDae Oct
WA^i
j;
114
11234 114
Due Nov sOptlon
sal*
574
Bond EeCOrd— Continued— Page
ItttNUS
N. T. STXICK
Kange
friday
ttb 6
Wekk Kndimi Fkb 5
St 1, ^«AtchT*8aFe
Bid
CMC 8t L A N O Sf« III Cent
Clue St L
Pitta Hre I»i<nu Co
Chic St P M * O con rt(«...l<)80
Last Sale
jl$)i
131 Si Sole
92Hi
to S^g.liiSn
Cli St
Mimi l»t eGs I'.'l
Nor Wisconsin Ist e«...ls':-tii
St P
S City let K 6b.. .1911'
P*
&
Chicajro Ter Tnins Ki8...1lMT
Chic* West luil ci'li itHRflli'S'J
Chic A
Mich See Pere Marq
ChooOAGuU .SV* C R I <6 P
W
HAD oonsol 8
CUi
7«...1'.H>5
f
Miyh No Low Jiigh
131H,
ism
DAI
fni K 68. ..15*41
L A C BeeCC C A St L
SAO Sm C C C St L
Olearllehl A MAh See B RAP
7 130ial82
Doc '03
Jiur04
Sep '03
Jnu'04
ISOU
131
130Si
120
Vr2^
ril'4
7SV1
iioae
7910
79
109 la Oof 03
I30I4I31
10
78
8234
il2>i;
W
WW
e7>g6ale
j-n
J -J
98
MN lOm Sale"
lOl'*
M-N
MS 96
93
J.J
106 110
92(1 MN
LA
St
C oousol 08.. 1
let gold 4s
.../tl93i; (J-F
C
1
KeiTistereit
tllKiii
99
W
W
46
2
10034
99
102
122
.
130
126
J-J
JJ
A-O
J-j'
FA
98
lom
99
106
101
105
101
'
97
63
97
63
Sale
Sale
97
64
951a
60
Del Lack
A
MomsA
Western 78...1907
Essex 1st 78. ..1914
Ist consol guar 7s
1915
Registered
1915
let ref gu g SHis
200u
AW 1st
Construction os
NY
Lack
68... 1921
1923
1923
8yr BingA N Y 1st 78. .1900
Warrenlst ref gugS^^s. 2000
Del A Hnd 1st Pa i)lv 78.1917
Registered
1917
All) A Sue Ist con gn 78. 1900
Registered
1900
Gtiar gold 6s
1900
Registered
1900
Bens A Saratoga Ist 78.1921
Registered
1921
Del Riv RR Bridge See Pa RR
D«nv A R Grist con g 48. 1930
Consol gold 4138
1930
Term A improve48
DesMoiAFtD SeeORAIP
Des M A Minn 6ee Ch A N W
Des Moi Un Ry let g 5s. .1917
Det M A Tol See L S & M So
Det A Mack Ist Uen g 4s. 1995
128
lid's.
60
Sale
867b Sale
61
86'*
Det Sou Ist g 48
Ohio Sou Div Ist g
A
Iron Range
Registered
Dtil
66
63>4
86'8
89 12
YA
W
W
12834
127
140
130i4Dec'03
140 Oct '9«
Jan '04
1141a Jan '04
l(J0l4 Jan '04
109 Nov'03
102 Feb '03
137 Is Jan '04
1141a 1141a
1001410014
1371s 13714
149 Aug'Ol
108 Jan '04
122 J'ne'99
1051a Dec '03
11138 Feb '02
,
ibs' ibs
98 ^a Sale
105 107
A
97%
9734
981a
106=8 May'03
103 la Jan '04
96'4
9b'4Sale
96
Sihi 85 Jan '04
37 Jan '02
35J«.
35
111
9S>4.
68
84
M-S
AO
J-D
M-S
M-S
J-J
J-J
J-J
J-J
FA
J-D
K
110
,
,
9034 Sale
124^8
,
M-i;
J.J
M-N
J-J
118
Sale
lOlia
1311a
1131a
112
,
114
112
May '03
8534
8534
9034
90^8
125'aJ'ne'03
F-A
F-A IOII2
M-N II3I2
M-N
A-O 111'4.
J-D 108
118
106
,
,
,
.
*
Ist 48.. 1927
No price Friday;
FA
M-S
J-D
F-A
FA
96I3 971a
60
83
1
12
9812
97
981a 981a
84
8534
8913
8634
8534
9313
118
1171a 11834
Aiig'02
108 'a log's
109'.jJan'04
99 Nov'03
104 Jan '04
10913 10913
U3iaJan'04
10314104
113iall3ia
11138Jan'04
108
108
106ial08
111
11138
88
latest bid and
Rale
Sale
96
Nov'03
121
9313.......
106
90
Sale
Sale
88
117 la Jan '04
93 14 May '03
106
106
8934
asked thia week.
26
88
Dec '00
105's
90
Jan
71
'04
74
10134 101««
26 104
16 103ial06\
J'ne'03
99 13 Oct '03
94 Mar'03
9914001 'OS
10334
,
103
Sale
Nov'03
Oct '01
103
102
101% 101 13
1021a
103
104'*8
Mav'02
102
103
106i3Ma'r'03
93i4Jan'04
96
J-J
J-J
F-A
'
110
80
Mav'99
Jau '04
123
80
93
93 '4
93I4
80
80
87
87
99
99
91 Oct '03
101 Is Oct '99
100 Nov'OO
103 Is Sep '03
la
J-J
F-A
10478
J-D
M-S
J-D
J-D
J-D
J-D
J-D
J-D
M-S
11713.
FA
105»4
114 Oct '03
11313 Mar'OO
A-O
J-J
J-J
J-J
J-J
10234 103 14
100
114
aov, 94
93I4
90
108>« Jan'04
1061a
'97"
A-O
A-O
M.N
M-N
J-D
9334 447
9314 11
93
93
MS
124
90
119
117
87
119
117»4
103
May'Ol
Nov'98
Nov'O:
Oct '03
Jan
'04
102i4Dec'03
105
101
106 14
106 14
97
Mar'02
107i3Sep'03
107 13 Dec '02
99
99
6
J-D 110
89
M-S
ll«S8ll9'^
119«8Jan'04
9913 i06 9334 9914
99
70 Nov'03
109iell2
112
112
89
89
Bale
89
89
A-O
70
Sale
70
63
I8I4
120
118*4
11.913
M-S
M-S
99
Sale
72
,
1950 A-O
70 H 19
Oct '00
694 70S
BIAP
J-J
J-J
]
HI
112
A-O llLiaSale lllia
Ill's
110isFeb'02
10534 Jan '04
105 Jan '04
A-O
A-O
11334
113«8 J'ne'03
J-J
1071a.
10913001 '99
107 Jan'04
94 Deo '03
J-J
J-J
MS
M-S
A-O
A-O
100
/il931 Q-J
.1181s 118
A Hud R See Cent of N J
A Wilkesb See Cent of N J
Leroy A Caney Val See Mo P
11834
Jan'04
107 14
105 107
105
M-N
115isll8^
110'3ll2
lll'slll't
10434 106
105
106
107
107
Mar'03
Leh
Leh
Long Dock See Erie
Long Island
1st consol g 58
1st consol gold 48
General gold 48
A1931
1938
1922
1932
1949
1934
Q.J
J-D
M-S
J-D
M-S
Unified gold 48
Debenture gold 58
J-D
Bklyn A Mont Ist g 68. .1911 M-S
1911 M-S
Istos
N YBAMBlstcong68l93b A-O
N YARB
l8t g OS
1927
MS
Nor BhBletcon ggu5sol932 Q-J
Louiav A Nashv gen g 68.1930 J-D
1937
MN
Unified gold 48
1940
Registered
1940
1931
CoU trust gold 58
E A Nash 1st g 68. ...1919
J-J
J-J
Gold 5s
H
100 13.
,102
11034
10538
10713
104 13
104
116
Jan
'03
100 'a 100 la
101 la Jan '04
100 Oct '00
99 Is
99
111 Jan '02
99
loo's lOOH
lOlislOlit
99
99if
,
,
....
105 '4 Mar'03
112 Mar'02
II213 Jan '02
112 13 Apr '02
116
IIII4
98=8 Sale
M-N 108
J-D 113
116
116
116
11013 Dec '03
98 13
99
89 98<4 99^
100 Jan '02
'04
i09"' i09'i
109 Jan
...
1141a 113 NoT'03
and Electric hisht
Mnt Fuel Gas Co See Peop Gas
Newark Cone Gas (xm g 5s 1948
9613
961a
105 J'ne'03
10734
10434
10234 106»»
7334
BUNUs»—Contiiiuea on Next Pnse.
J'ne'03
61 la Oct '01
A-O
A-O 118
^l-N
93
03
LAN
Ferry goId4i3S
Gold 48
131 131
llSiallSia
881a 88
Mar'fiS
10513
F
See
Ist gold 38.. 1950
ANY
Nov'03
108'aJan'04
74
105
94
94
131
131
113 la Jan '04
112
1121a.
M N i05" 8aie
J-J
Kan C A
Kan City Sou
Ga,a
70',
Deo '03
8
132 78 13618
Jan '04
107
Doc '03
G
lOl^gj'ne'OS
13618 ISO's
115
January 1
KCAMBAB
Se«StLASF
Pacific
M KAT
Registered
1131-^
110
110
981^102
AM
Kentucky Cent See
Keok A Dee Mo See C
Jan '04
130 Aug'03
98I4
98
98 la Jan '04
85 14
^<>^4
8538 Sale
an A Mich
C Ft 8 A M
See Erie
See L S
See Tol A O
See St L A S
Nov'03
111 Jan '04
114 la Jan '04
111
114'a
110»8
11378
lot's
135 ig Sale
130'«
98 Sale
RR
Knoxville A Ohio See So Ry
Lake Erie A Wist g 5s.. 1937
2d gold 68
1941
831a 83'a
North Ohio ist gu g 5s. .1945
1101«111'4
L Sho A Mich 8 See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
Leh Val N Y Ist gu g 4 I3S.I94O
111 111
Registered
1940
Leh V Ter Ry Ist gu g 5s.l941
Registered
1941
116 116
Leh V Coal Co Ist gu g 58.1933
1st
guar
Leh
g 4s. .1945
Registered
1945
El C A N Isl g Ist pf 68.1914
HI ni
Gold guar os
1914
1141311413
109 "4
Iq.
86
36
Feb '01
111
Nov'03
J'ne'02
101»4
J-J
J-J
1935 J-J
1909
3d gold 48
1921
Iowa Central let gold 58. .1938
Refunding g48
1951
AGR
J-J
M-K
A-O
A-O
Detroit City GasgSs
1923 J-J
Det Gas Co con Ist g 58...1918
Milwaukee Gas L
gold 4s
Registered
Cairo Bridge gold 48
Louisville Div gold 3133.1953
Registered
1953
1921
Middle Divreg6s
St Louis Dlv gold 38. ...1951
1951
Registered
Gold 3138
1951
1951
Registered
Spring Dlv 1st g 3138. ..1951
Western Lines Ist g 4s.. 1951
1951
Registered
BeUev A Car Ist Os
1923
Carb A Shaw let g 4s.. .1932
Chic St L A N O g 58.. .1951
1951
Registered
GoldSiss
1951
Registerecl
1951
Memph Div 1st g 4s... 1951
Registered
1951
1931
St L Sou 1st gu g 4s
Ind Bl A West See C C C A St L
Ind Dec
Ist g 5s
1935
1031a
Jetterson
97
831a 851a Kal A
"04
83'a
831a
IIII4 Jaii'04
113
103
94
93 Dec '03
94 Jan '04
75iaAug'03
961^.
9213.
JJ
-M-S
Jan
981a
C Co
EdEllUBkii SeeKCoELAP
EdK lU SeeN YGAELHAP
Eq ti LN rietcon g5a..l932
Eq G A Fuel See P G A C Co
GaaA ElecBergCoc g5a.l949
Gen Electric deb g 3138..I942
Gr Rap G L Co let g 68.. .1915
Hudson Co Gas Ist g 5a. .1949
Klnge Co El L A P g 6a... 1937
Purchase money 68
1997
Ed El II Bkn latcon g 48 1939
LacGas Lot St L let g5s.el919
1951
1951
1951
1952
1952
1953
1953
1950
1950 J-J
IndlU A la 1st g 48
Int A GreatNor Istg6s..l919 M-N
lOSis
Light
1947 A-O
See P G A C Co
Con Gas Co See P G
gold 48
AW
Istguargold 58
14334 Nov'02
1471a J'iie'02
.
antl Electric
BuflaloGae let g 63
Ch G L A C Co
127
127
i)il8C£L.L.ANEOU!«
Gas
let g 3138
1st gold 3s sterling
2d gold 58
Dul So Shore A Atl g 58. .1937 J-J
ii^asiof Minn 6'eeStPMAil
Jast Ten Va A Ga See So Ry
Bigin Jol A East let g 5s. 1941 M-N
Elm Cort A i^o See Leh ANY
Erie 1st ext gold 48
1947 M-K
2d ext gold 58
1919
8d ext gold 4»38
1923
4th ext golQ 58
1920
6th ext gold 4s
192h
let consol gold78
1920
j.8t consol g fund 7s
1920
Erie let con g 4s prior. .1990
Registered
1990
let consol gen lien g 4s. . 1996
Registered
1996
Penn coll tr g 4s
1951
ButtN
Erie Ist 7s.. 1916
gold 68
Butt A S
1908
Chic A Erie l8t gold 5s.. 19H2
Jett RR Ist gu g OS
al909
Liong Dock consol g 6s. .1935
Coal A RR 1st cur gu 68.1922
Dock A Imp let cur 68. .1913
N Y A Green L gu g 5s. 1940
a Y Sua A4ig8 Ist ref 5s. 1937
2d gold
1937
General gold 58
1940
TermLnallst gold 5s.. .1943
Regis $6,000 each. ..1943
MidRRotNJ Ist g 68.1910
Wilk A Eal8tgug58.1942
1291312913
14178.
M-S
A-O
1937 A-O
1910
11258 11288
129 "a Jan '04
105»4
48. ..1941
Ist os.. 1937
2d 68
Registered
Extended
L N O A Tex
61
891a
112«8Jan'04
.
11 034
103
112
10434
7334
76
A W Tex
Registered
12938 131
13038
ibs'^
J-D
1995 J -I)
1951 J-D
Gold 48
J-J
sale
ousatonic See N Y N H A H
1st consol g 4 las. 1999 J-J 106>a8ale
Registered
1999 J-J
'"'.'.
Col A H Vlstexlg48..1948 A-O 'ioo"
J'ne'02
113
137's.
U-N
105
70
71,
CoU Trust
.
Consol and col trust 4s 1949
Utah Cent Ist gu g4s ctl917
Rio Gr So gu See Rio Gr So
Den A 8 West gen s f e 58 1929 J-D
J-J
J-D
W
641a
112i4Dec'03
11388
loo's.
10934
Improvement gold 58...192W
EioGr West Ist g 4s
1939
108
J-J
Se« N Y Cent
Grand Rap A Ind See Penn RR
Gray's Pt Term See St L S
Gt Nor— CBAQcoUtr48 1921 J-J
Registered.
1921 Q-J
Greenbrier Ry See Ches A O
Gulf ASIlst ref AtgSs 61952 J-J
Han A 8t Jo See C B A Q
93
W
llakAGlSo SeeCMAStP
J Dallas A Waco See M K A T
106
AO
See 80 Pac
HoustATexCen See So Pac Co
I llinois Central let g4s..l951 J-J
i1951 J-J
Registered
1st gold 3138
1951 J-J
Conn A Term See N A
Conn A Pas Rivs Ist g 48.1943 A-O
Col
A-O
A O
«i(2
High No Low HigK
//ow
Gouv A Oawegat
Houst E
Dec '03
ib4iaNov'0i
Q-J
J.J
97»4
112^8 Nov'03
120 J'ly'03
11038.
A-O
Apr
Jan
Dec
'04
'02
116
103
J-J
Jiange
Since
VGA
96Be
98
20 100
99
941a Aui;'03
105 Jan '04
101 Jan '04
J-n
AO
101
Ask
Hock Val
^^F
A Cloon Ist 58..19J^ JJ
CCC A I coneolTar
1914 J I)
Cln S
ConsolBtnk fnndTs
1914
General consol gold Os. 1 9;;4
Kegistered
1 9H4
Ind Bl &
1st pref 48.1940
O Ind A
l8t pf 08...rfl9;!S
Peo A Ea.sl Ist COU48...1940
Income 48
1990
CI Lor A W'h con 1st g 68.1933
Clev A Marietta 6'«ePenn RR
Clev A Mahon Val g 5s. ..1938
Clev A Pitts See Penn Co
Col Midland l8t g 4s
1947
Colorado A Sou Ist g4s... 1929
Coluni A Greenv Set So Ry
Col A Hock Val See Hock Val
973j
101
J.J
6
i-eb
Bid
I2
Georgia A Ala See Sea A Line
Ga Car A Nor See Sea A Line
Georgia Pacitio See Ho Ry
Gila
Nor See So Pao Co
»a Oct '02
98
98
97 >4
Week's
liange or
Last Sale
SeeSoPacCo
VTal H AHofl8821st5«.1913 A-O 102
Cln
CleT Cln A St L pen g 4a 1993
Cairo DlT 1st iroltl 4s
19S!'
Cln
A M Uiv l8i ff 48.19!" 1
St L Dlv 1st col tr r 48. .199(1
RejrtstenHl
1990
8pr * Col niv l8t R48..1940
Val UiT l8tK48...1940
Krle A Pitta See Penn Co
Kvaiis A T H Ist cons 68.1921
iBtgeueral gold 68
1942
Mt Vernon lat gold 6«.. 1923
SuU Co Branch Isl g 58.1930
Ev A Ind Ist con gu gti8..1920
L^argo
So See Cli M A St 1'
r UntA PereM See Pere Mar
FlaCAPonin See Sea Air Line
Fort St U D Co Ist g 4138.1941
Ft
A DenC Ist g Ob.. ..1921
Ft
A RloGr let g 48. ..1928
W
W
/^alHarASA
St
I
/V<ce
STOCK KXCHANGE we.^*W
WkkK KNniNO FKB 6
N. Y.
A
121ial2l»4
104 Hi Dec '03
113 Oct '00
118 Deo"03
ms: JJ
Sdifoui 4>3S
Cln
l8t
C
93
104'«.
A-O
g2
Since
a;* January 1
Low
ife
t5« rciliiceil
or
[Vol. Lxxvin.
2
BONDS
Kangt
HefK-$
rrier
KXCHANQK
Chic*
Conn
—
V
!
J D
NYGELHAPg
68. ..1948 J D
Purchase money 48. ..1949 F A
g
Ed El lU let conv g 5s. .1910
1995
let consol gold 58
NYAQEl LAP Ist con g 581930
Paterson A P G A E g 58.1949
Peo Gas A C Ist gu g 68.. 1904
1904
2d guar gold 6s
1943
Isl con gold 68
881a
Refunding gold 58
1947
9634
IO513
13 106 10034
6 87 13 90
M
S
J
J
F A
M S
M N
J D
A
MS
Ch G-L ACkelstgug5sl937 J J
Con GCoof Chlstg-ug5s.'36 J D
Eq G A F Ch 1st gu g 68.1905 J J
Mu FuelGaa let gu gos. 1947 M N
Syracuse Ligliting let g 6s. '51
Trenton G A El let g 58.. 1949
J
M
D
s
104
108 "a 108
91
105
Sale
91
108
105
114
114
100 14
lOOia
1081s
93 '4
107
Jan'04
104
105
108\
93\
106
Ang03
lOOia
lOJiaJ'ly'OS
10134 --..
101 14 10178 ]00i»Deo'03
11913 Sale 11834 119'-^
104
104
104
107
10634 107
107
104 la 106 106 Jau '04
10134
lOOis 102
101*4
98
104
91
100
Nov'03
109
Feb "01
aDueJan 2>DueFeb dDueApr eDueMay ADueJ'ly /^DueAug oDaeOot «DueDeo
100>al02
11834 119>«
104
104
1061a 107
106 106
1013* 101»4
fOptionsal*
Feb.
Bond Record— Continued— Page
6, 1904.]
BONDS
STOCK EXCHANGE
Week endinq Feb 5
N. Y.
Loulsv
<fe
M
BONDS
Hanye
I2
J-
Since
J-J
NFla&
91^4
S l8tgug58...1937 F-A
68.. 1921 F-A
58. .1936
Sink tnnd gold 68
1910
& Jeff Bdge Co gu g 48. .1945
liNA&Ch SeeCl&L.
Maion Coal Se« L S M S
AG
J'ne'02
41
89
92
Jan '04
Jan '04
Mar'03
Mar'Ol
115
116
115
115
ManSW
A-0
A-O
IO3J4 103»4 IO3J4
103^8
J-J
io7^"I!
J-J
es^a
14^ Sale
J'ly
J'ly
W
M
69
15
8
69
1414
8
6
9334
93 ig
9578
90»8J'ly'01
105
0=,
M S S M A Ist g 4 int gu 1926
<fe
20
911a
96
& Wa
FA
M
al917 M-S
1920 F-A
Cent Br Ry Ist gu g 48.1919 FA
Leroy&CVALl8tg58l926 J-J
Pac R of Mo let ex g 4s. 1938 F-A
2d extended gold 58. ..1938 J-J
St L. Ir M<fe Sgen con g 5sl931 A-O
Gen con stamp gtd g 5s 1931 A-O
Unified <fe ref gold 48. .1929 J-J
Eiv&G Divl8tg48..1933 M-N
iRegistered
1933 M-N
Verdi VI &Wl8tg5s. 1926 M-S
prior
lien
&
Blrm
5s
1
945 J-J
Hoh
g
Mortgage gold 48
1946 J-J
MobJ&K Cist cons g 5s. 1953 J-J
Mob <fe Ohio new gold 6s.. 1927 J-D
927 Q-J
Ist extension gold 6s..
General gold 48
1938
Montgom Div Ist g 5s. .1947 F-A
St 1, & Cairo coll g 43..el930 Q-F
Guaranteed g 48
1931 J-J
<fe O coU 4s
See Soutliern
Registered
Ist coll gold 5s
,
MS
1183*
114^8
123J<iApr'03
121
116
97
116
98
98
103
9734 Sale
78V2
99>«
80
'
Jan
'02
116i<2Jan'04
97 Jan '04
W
&N
Nov'Ol
97%
98
8OI2
36
108
99^8
Oct
Jan
100»8
Jan '04
100
100
108i2Dec'03
119^jSale
106^2 107
1191a
107
104 "a 105
92
107 ifl Jan '04
93 Jan '04
100 May'Ol
101
Ill
10134
1197,
107
Dec '03
Dec '03
113
113
85
Sale
89
92
11234
1131a
10934 Oct '03
85
863i
9)38 Deo '03
II014.
88
iioi^J'iy'oo
93 Apr '02
.
124
121
12334
124
130
116
94
114
89
93»4
871a 92
98%
7734 81
981a 99I4
'02
'04
8834
Jan '04
106=8
113'4
961a
98\ 16
Deo '03
Jan '04
Jan '04
Jan '04
Deo '03
98iaNoT'03
VYCentcfe
H
Rivg
J.J
J.J
J-J
113
116
111
Registered
Debenture 68
120'e.
.120
J.J
3ii2S.1997 J-J
74
75 >s
102
87
108
99
100
98^ Sale
m^
1884.1904
Begistdeb 6s of.. .1889-1904
Debenture g 4s.. ..1890-1905
1890-1905
Registered
Debt certs ext g 4s
1905
Registered
1905
3ia8...1998
Lake Shore coUg
Registered
1998
Mich Cent coU g3'28....1998
Registered
1998
Beech Creek Ist gug 4s. 1936
Registered
1936
2d gu gold OS
1936
Beech Cr Ext Ist g 3 ^28 61951
Registered
MS
102 J4..-.
102 ....
J-D
J-D
100
M-S
M-S
M-N
M-N
F-A
Jeff <fe Clear
2d gold 53
C&
100%
100
m
100
Sep
115
Oct '03
'03
117iall8'a 117%Dec'03
11334
Jan
'02
103%...
104 Oct '03
104 IO414 10334 104
103 May'03
16 103
104
Housatonic
R con
g 5s.. 1937
124%.
13134
Apr '03
1905
1905
101 la.
100 la.
1 06
May'03
Sep '03
NH<fe Derby con g 68. .1918
NY&NE
<fe
1st 7s
North See
NYC
H
N YO& W ref Ist g 48. .6-1992
Regis $5,000 only
^1992
N Y Put See N Y C & H
N Y & R B See Long Island
N Y S & W See Erie
N Y Tex & M See So Pac Co
<fe
102
IOOI4
7534
7634
100%.
.
lOOf^.
99'8.
98I4
98
102%
120
112
1201a
1121a
1001*10014
741a 7034
98%
Jan
101i4Nov'03
109 la Sep '97
100 Jan '04
99 Dec '02
991a
97»4
'04
102%
9838
98
98,
10218
102%
109
1941
1931
I2713
Improvem't & ext g 68. .1934
New River Ist g 6s
1932
N <fe Ry Ist con g 48.1996
123
1251a
W
Registered
A-O
115
1021a.
1021a.
IOOI4
100
Dec '03
114
130
127
127
Aug'03
Nov'03
Nov'03
Feb '03
97%
9734 110 961a 9734
96 "a Sep '03
90 14 "28 88
90
9934
107 la J'ly '01
106" ibo"
io6"III"; 100 Jan '04
9734 Sale
103% Sale 103
*
103% 74
1021a 10134 Dec '03
72 Sale
72
7S
71
69 Jan '04
99
971a
97%.Tan '04
121
122
132
1071a.
10734
llQia.
112i4J'ly'03
IO8I4 Jau'04
9 6 1-2 Nov' 03
94 "a Feb '02
111 la Oct '03
108
107
1141a May'03
1081a J'ly '02
107
106 la Jan '04
.
96
<fe
St
L
& Rome
See
.
59
1
01 la 10334
70% 73
6834
69
97% 97%
Oct '03
J'ly '99
10734 IO8I4
NYC
W
<fe St P
See C cfc N
Coast Co Ist g 5s.. ..1946 J-D
Pac
ac of Missouri See Mo Pac
Panama 1st s fund g4ias.. 1917
Sink fund subsidy g 68. .1910
Penn Co—Guar Ist g 4ia3.1921
Registered
1921
Guar 3128 coll trust reg.1937
3
Guar las coU tr ser B...ly41
Tr Co certif's gu g 3ia8.1916
C St L & P 1st con g 58.1932
193'2
Registered
CI & P gen gug 4 las ser A. '42
Series B
1942
Series C 3ia8
1948
Series D3ias
1950
OCF
Erie&
8734
90
86
89
87%
90
105
104
102
102
100
-a.
IO8I4
IOII4
108% 12 108
109
Apr '03
Aur'02
96
102
Jan '04
Nov'OO
96
96
.
109% Jan '04
Ilia Jan '04
.
1
.
.
.
1161a Feb'Ol
101 la Jan '04
9612 91
91
127% Oct
1181a.
1171a
3d 7s
/il912
RR 1st real est g 4s. 1923
Consol sterling g 6s
1905
Con currency 68 reg....91905
107
,
109%
109%
10915109%
10934 111
la
lOlialOli*
91
91
'02
11934 Sep '03
121 127
*106ia
Penn
108%
105
106131081a 106 Mar'OS
102 Nov'98
92 14 Dec '03
91
94
95
9634 9534 Nov'03
II8I4
118 Dec'03
117
II214
108i4Ang'03
102
W
BONDS—Continued
99
1071a....
97
B.1940
1940
N<fe C Bdge gen gu g4ia3 1945
P C C & St L gu 4 las A. .1940
Series B guar
1942
Series C guar
1942
Series D 4s guar
1945
Series E 3ia guar g
1949
Pitts Ft
& O 1st 78.. .1912
2d78
1912
.
130
105
Apr'Ol
Jan
'04
106
106
on Next Page
TeleKTaph and Telephone
Am Telep
95
69
41
99
791a
711a T6^i
J'ne'02
107 May'97
102i2Oct '03
106 14 Feb '02
105 Oct '00
91
101ial02ia
1021a
100
"96" Sale
Pitts gug3ia8
Series C
Dec '03
9yiaNov'02
89 14 33
8734
86 Jan '04
90 Jan '04
IO214
.
<fe
& W See C C C
OInd
hio River RR
Dec'99
Jan '04
14
101
M
A-O
Pleas Val Coal Ist g s f58.1988 J-J
Roch<fcPitC& I pur 53.1946 M-N
Tenn Coal gen 58
1951 J-J
11434...
WW
J'ly '02
.
J-D
1926 J-D
9913 Oct '03
NY&NE
SeeNYNH&H
New York New Hav & Hart—
Nor<fe South 1st g58
88\ Norf <fe West gen g 68
108
Dec'99
87 Hi 8734
F-A
F-A
90
F-A
91 Jan '03
J-J 10534
105 Jan '04
J-J
103iaNov'03
J-J 108 »a.
Kan&HC<feCl8tstg5s.l951 J-J
Dec'Ol
65
'100
1996
Pocah C & CJoint48..1941
119%
104% 107
CCcfeTlstgugSs
1922
Sclo V & N E Ist gu g 48 1989
106 I0718 North Illtnois See Chi <fe N
93
93
North Ohio See L Erie &
Nor Pac— Prior Uen g 4s. .1997
Registered
1997
General Uen gold 33
o2047
lll%113ia
Registered
o2047
St Paui-Dul Div g 48.. ..1996
84
Registered
86
1996
C B <fe Q coU tr 4s See Gt Nor
StP&N P gen g 68. ...1923
Registered certifio'8..1923
St Paul & Dul Ist 5s.. ..1931
2d 58
1917
1st consol gold 48
1968
Wash Cent 1st g48
1948
130 130
Nor Pac Ter Co Ist g 68.. 1933
94
Nor Ry Cal See So Pac
94
114 114
Nor Wis See C St P
&O
Nor & Mont See N Y Cent
lYIISCEIiLANEOUS
Ist g 68. .1919
I Ist g 58.1926
II214II214
122 122
'04
J'ne'02
1061a Nov'OO
11838
Coal and Iron
Ool C <fe I Dev Co gu g 58.1909 J-J
55 Nov'OO
Ool Fuel Co gen gold 6s. ..1919 MN 105
104 Dec'03
Col F & I Co gen s t g 6a. .1943 F-A
95»4 Sale
9534
2
951a
Convertible deb g Sa
1911 FA
79 Sale
791a 76
70'a
Trust Co ctfs
Sale
721a
721a 36
711a
GrRivCoal* C
Jan
122
127
110
1951
102
110"%.
1997 J-J
of.. .1884-1904
Nov'03
Jan '03
10034
<fe
Oswego
1201a Jan '04
112 la Jan '04
A.-0
121
139
100
112i4Jan'04
1940
Ist g 58.1936
General gold 58
1937
Ore & Cal See 80 Pac Co
Ore RR <fe Nav See Un Pac
Ore Short Line See Un Pac
A-O 11208.
NewH<feD SeeNYNH&H
N J June RR See N Y Cent
New & Cin Bdge See Penn Co
N O & N E prior Uen g 6s ??1915 A-O
N Y Bkln & Man Bch See L I
Feb '02
.
II8I4.
11218.
1211a.
12114.
BlkRivgug48.1922
Ist 68
<fe
McM M
&
118
R W<fe Ocon I8text58.ftl922
08we<fe R 2d gug53...el915
gug 58.1918
NY
7734
98»a
8834
lOO^B Sale
Apr '01
41
86
102
100
86
108 »8
115iall5i2
97
98
<fe
J-J
114
<fe
cfc
Ist consol gold 58
1928
Jasper Branch Ist g 68. .1923
& Al Ist 6S..1917
T P Branch Ist 6s. ...1917
Nash Flor <fe Shef See L
Nat of Mex prior lien 4^^18.1926
1951
Ist consol 4s
10634 109
10614 108%
<fe
Dec '03
112% Dec '03
142
M
Mohawk & Mai Se«NYC<feH
Monongahela Rlv See B & O
Mont Cent See St P M M
T See S P Co
Morgan's La
Morris & Essex See Del L W
St
Chat
&
L Ist 78.1913
Nash
1261a.
l8tg3ias
1952
Bat C & Stur Ist gag 38.1989
N Y& Harlem g 312S...200O
2000
Registered
N Y <fe North 1st g 53. ..1927
Uticacfe
10834
108%
10034 Jan '04
9939 Dec '03
.
118%.
N Y Chic & St L 1st g 48.1937
Registered
1937
N Y Greenw Lake See Erie
N Y Har See N Y C Hud
N Y Lack W See D L & W
N Y L E W See Erie
NY&LongBr See Cent of N J
';
M
118
RW&OTRlst
May'OO
141
111
J-J
1944 M-N
l8t ext gold 58
St L DiT Ist ref g 48. ...2001 A-O
Dal
Ist gug 5s... 1940 M-N
Kan C & Pac 1st g 48.. .1990
MoK<fc E 1st gug 5s. ..1942 A-O
K <fe T of T 1st g-u g 58.1942 M-S
Sher Sh & So Ist gTi g 58.1943 J-D
Missouri Pacific 3d78
1906 M-N
1st consol gold 68
1920 M-N
Trust gold 58 stamped. al917 M-S
IO5I4.
1931
1931
1940
<fe
Minn Un See St P M <feM
Mo Kan & Tex Ist g 4s. ..1990 J-D
2d gold 43
ffl990 F-A
\
12
1634
934
Sale 1081a
IO8I2 108
<fe
MStP<feSSMcong4intgu'38 J-J
M&Pl8t5s8tpd48intgul936 J-J
(
71
Sigh No Low High
Apr '02
95
100%
1st consor63.1909
4s
Registered
J L & § Ist g 3138
NW
NW
South West Ex Ist g 78.1910 J-D
Ist consol gold 5s
1934 M-N
1st and refund gold 4s. .1949 MS
Minn cfc St L gu See B C R <fe N
:
6734
I4I4
71a
110
Mich Cent
Registered
A-O
A-O
See Erie
Mil L 8 &
See Chic &
See Cliic &
<fe Mad
& North See Ch & St P
Minn & St L Ist gold 78.. 1927 J-D
Iowa Ex 1st gold 7s
1909 J-D
Pacific Ex Istgold 6s... 1921 A-O
MU
MU
107 14 108
January I
107 la J'ly '00
106 Oct '02
108%
RR Ist 58.. 1934
C'l
58
J-D
Coll trg 4^28 1st 8er....l907 FA
Mexinternatlstcon g 48.1977 M-S
Stamped guaranteed
1977 M-S
Mex North l8t gold 6s. ...1910 J-D
Mich Cent See N Y Cent
Mid ot N J
108
10334
Since
oqco
106 la Nov'Ol
McK&Y Ist gu 63.1932
2d guar 68
1934
McKees* B V lstg6s 1918
102
Ask Low
103
KaA'<«;GRl8tguc68.1938
Mahon
lOS^
Dec '02
Jan '04
Range
1986
Pitts
<fe
anhattan Eycon8ol48.1990
Registered
1990
Metropol El l8t g 68. ...1908
Coloniz g 6s. ...1934
McK'pt & B V ;&'e« N Y Cent
KetropoUtan El See Man Ry
Mei Cent coneol gold 4a. .1911
let consol income g 38.al939
2d con8oI income g 38..al939
1917
Equip* coUgoldSs
1919
2d series gold 58
Last Sale
85
Registered
2361
Lake Shore gold 3ias... .1997
Registered
1997
Det Mon <fe Tol Ist 7s. 1906
Dec '03
111
115
116
110
100
9319.
92
gi^a
Bid
Ad 1st gu g 48.. .1981
Clearf Bit Coal Ist s f 48.1940
Gouv&Oswelstgugos 1942
Moh & Mai Ist gu g 43.. 1991
N J June R gu Ist 4s. ..1986
Registered
97 14 98
Week's
Range or
<fe
NY&Pul8tcongTig43l993
Norcfe Mont l3t gug 53.1916
West Shore 1st 48 gu... 2 3 61
107i<2J'ne'03
91>a
109
F-A
12334 i'24"
Nov'99
9734 Jan '04
lOS^a
111^4 112
M-S
Ii
75
113
,
J-J
1952 J-J
Pens <fe Atl l8t ga g
8 <fe N Ala con gu g
11638Mar'02
125>2Aug'02
107 >4.
98
106 "u.
M Joint 48.1962
Eeglstered
12234 Aiig'03
114
M-S
MS
Price
Friday
Feb 6
N. Y.
Cart
'04
,122
110
122
575
STOCK EXCHANGE
Sale
January 1
Week Endinq Feb 6
High No Low Sigh N Y Cent & H 'R—(Continued)
Jan
124
M-S
M-S
X<feN&M<feMlstg4i2Sl945 M-S
.!•& N-South
,
Last
125
l8t gold 68.. ..1930 J-J
<fe M 2d gold 68
1930
PensacolaDiv gold 68. ..1920
St L Div let gold 68
1921
2d gold 38
1980
Hender Bdgelstsf g68.1931
Kentucky Cent gold 48. .1987
(_
Week's
Range or
Bid
Ask Low
Nashv (Continued)
108^4 Jan '03
Lex gold 4>^8... 1931 M-N 103=8
<fe
I,Cin<fe
NO
NO
Price
Friday
Feb 5
3
<fe
Tel
coll tr 4s
1929 J-J
Comm Cable Co Ist g 48.. 2397 Q-J
Registered
2397
Erie T & T col tr g s 1 5s.. 1926
MetT&Tlstsf g5s
1918 M-N
MutUnTelCo Se^WestnUn
N Y & N J Tel gen g 5s. .1920 M-N
No Westn Teleg See West Un
961a
Apr '03
111'4.
100 12 Apr '02
lOOiaOct '00
109 Oct '99
11034 Nov'03
106
105 14 J'ly '03
90
.
West Union col tr cur 58.1938 J-J 107 .... 107
107
Fd and real est g 4ia8...1960 M-N 10234 1031a IO3I4 10334
107iaJ'ne'03
Mut Un Tel s fund 68.. .1911 M-N
Northwestern Tel
J'ly '03
78'.. ..1904
J-J
Tenn Div 1st g 6s
al917 A-O 100 102 100 Dec'03
iHanufacturing <& Industrial
Birm Div Ist consol 6s. .1917 J-J 102
101ial03
101 la Jan '04
Cah C M Co Ist gu g 68.1922 J-D
Am Cot OU ext 4ia8
96 Deo'03
1915 Q-F
94%.
102 Dec'03
60
De Bar C & I Co gu g 68.1910 FA 99 102 100 la Jan '04
80
lOOialOOia Am Hideife L Ist sfgOs.. 1919 M-S
8014.
86I4
Va Iron Coal &C 1st g 58.1949 M-S 68 70 671a 68 40 671a 70
A.m Spirits Mfglstg6s..l915 iM-S
8712 86I4
"76'
'04
"WTiLEA P C Co Ist g 68. 1919 J-J
Jan
'00
74
Am Thread Ibt col tr 48. ..1919 J-J
77
32 Jan
salo.
Option
'No price Friday; latest bid and asked this week, a Due Jan
Feb
Dae
May
(^DaeJ'ne
Due
Nvr
«
Dae
A Due J'ly p
2>
107 1071a
101 la 104
70
86
74
811a
83
74
.,
'
1
)
Bond
5:()
ReCOI'G
—Conchuled— Page
4
V OL. LXXVIIT.
[
3:
Week
STorK KXcllANUK |C^
Wkkk hJ<lil.M. KKB 6
A*k
BIA
iMnund;
MS
M
M.-
l>
MS
K
i;.v
i;
lU
110
100
N
M N
9i.\ Sale
•lii3
....
MOSS)
K-A
98
.IJ
98
IJ
Pr.
...
A
Vu
CC C
tV ^>l
-j«
Muil.V I'M
b\\)-Z\
"•2
l8( ooiixol Kolil
Pt Hurou Div
Pine
J-D
1
AO
M
{>lt...
Isl K 68.iy3S'
res K"nr
(.'ri>elt
lit
.^..li'Jd
i:iis...
100 AugU:!
175
97
96 ><
Nov
lO'J
.
Wkkk
10(1
116
07
96
X YT.tMex
Dec '03
Xo of
109\Ul
FA
123'ijJan'04
95 J'uo'03
109 Apr'
Jan '(14
107 Hi Dee 03
109>4 Jau'04
UtSSilKS'-..
Pitts
A-
1,
Krii' ill ^ :>»...oiiii:s
A
PUla .McKee«
V Arc N V Con
PlttM Ml
L K 1st K fi8... 19411 A-O
Ist ooiisol Rolil 68
11143 J.J
Pltte A- \V i«l ate
Puts V it Asli l8t c«>u 68.1927 M-N
A
U&O
Keailiux Co Keu k 43
HfKistfred
1990 A-O
Ohio
<fc
.
.
96
96 1«
Sale
>8
'4
126
93 Vi Jau'04
75
62>fl
76
94Bb
9634
91"%
9314
Dec '03
105
76
92
Ang'03
M:ar'03
101i4Nov'01
Virginia Mid ser
Series D 4-58
108
W
M
M
W
M
M-N
M-N
J-J
J-J
J-J
124
l8t gu g 6s
193
Registered.
193
Ist guar gold os
1937
Will & S F l8t gold 58..193fe
8t P <& 2s' or Pao See 2\'or Pac
8t P & S'l City See C St P
<fcu
Salt Lake C 1st g s f 6s.. .1913
8Fe Presdfc PU 1st g 5s. ..1942
S A <fc
P See So Pac Co
8 F & N P 1st sink I g 5s.l9iy
Sav F <fe Weat See Atl Coast L
Soioto Val <fe
E See JS'or & \V
Seaboard Air Line g 48 ...1950
Coll tr lefund g 58
1911
Car Cent 1st con g 48. ..1949
.
J-J
M-N
A-O
A-O
M-N
J-J
'04
100
931a Sale
75 la Sale
72 14 Sale
J-D
J-D 100
A-O 110><
J-J
J-J
J-J
J-J
M-N
J-J
J-J
J-J
J-D
130
131
Jan
100
83
n9Hi
79>a
93 Hi
76 "a
12^
16
20
7338 208
10338.
106
104
May'Ol
Ang'03
ISOi^ 128
Apr '02
134
115
lie's 121
117
...
Mar'03
Apr '97
.
116
117
9214
721a
70
94
7612
74«8
130
E 5s
W
J-J
J-J
lOS"*.
A-O
M-N
061a
110
Jan '04
11334
Dec '01
OSHi
96I4
6884
110
110
N
68»4 Sale
9712
J-J
naCentfe Pen I8tg5s.l91« JJ
1st land grexlg 5s... 1930 J-J
90
100
103
102
66
96
96=8
Oct '03
Sep '00
102
10212
M
Feb '03
1081a
108
10834 J'uo'03
101
119
Jan
'04
101
101
IIII2 Oct '02
103 Jan '04
113 '4
11234
Sale
Aug'03
nm
9514
97
95I4
112
100
80»4
10.0
106U
106
106
119
107
119
107
101
101
'8
Xov'03
944
94
109 ia.
9212
96 14
94' "05"
95
Mar'Ol
120
93
ibs" ibfi
111141U
03
Dec'03
113
14.
92"
92
"92'*
A-O
J-J
J-J
II312....
1121a....
116 Oct '03
113i4Jan'04
M-N
M-8
118
II8I4
1183.
11134 Dec'03
11334 Jan '04
J-J
J-J
J-J
119
11012 112
119 ....
12013 122 12
114 116
108 13
85
104 Sale
A-O
M-N
M-N
M-S llOia
M-S IO6I2
M-S 110
M-N 11034
M-N
'
IISI4II3I4
10 117 la 11 834
II834 11834
Jan '04
Dec'03
IO8I3 Dec'03
120
118
120
Sep '02
104
Feb'02
92
104
123
112
115
Feb '03
Jan '03
112
113i9May'03
93 Dec'03
114^8 114 Jan '04
122 13.
120
10313104
lima
92
114
117
110
iia
113i4ll4'«
J'ly'OO
9712 104i2Sep'02
no's.
St
1061a.
LM
Tex & N O See So Pa« Co
TexA Pac E Div Istg 68. .1905 M-S
1st gold 58
2000
2d gold ino 58
720OO
La Div B L Ist g 58
1931
Tol <fe O C 1st g 58
1935
Western Div 1st g 58.. .1935
General gold 58
1935
Kan
1st gu g 4s. ...1990
Tol P <fe
1st gold 4s. ...1917
Ham & Buff 1st g 48.7il946
Ulster* Delist con g 58 1928
n Pac RR
1 gr g 48.. 1947
<fe
J-D
Mar
J-J
J-J
100 ....
II6I3II7
95
J-J
2d gold 5s
series
11634
'03
11634
Jan
93
116'8ll67,
'04
13 llSiallS'it
92 14 93
108 11014
112i4ll2'»
111 Sep '03
....
IO712 10534 Jan '04
921a
871a
821a
71
9134
8734
89
83
83
71
98
Sale
Jan
10534 10534
'04
83
91 13 92
88
87
83ifl
81
71=s.
71
8734
7234
Apr '03
J-D
921a
J-D *106i4l06i2 IO6I4 106 12
J-J
J-J
M-N
M-N
FA
106 14 1061a
10234
103 % 134 10034 10334
10238 10238
3 10038 103 'a
9734 556 9534
961a
0634 Jan '04
9634
9934
100 ig "28 9S58 100 !«
120 14 120
7 120 14 124
II314
113
II318
5 111
9238
9534 205 91«8 963^
10234 Sale
96
J-D 100
F-A 121
J-J
1939 FA
1939 J-J
1939 J-J
A
Sep
100
IO912 IOSI4 Jai)'04
11213...
11214 Jan "04
J-D
A-O
IO714 J'ly'03
115'8 Jan'04
10734 Dec '03
.
A-O 110
& Xor Ist 7s
1908 J-J
1926 J-J
Uni X J RR & C Co See Pa RR
Utah Central See Rio Gr Wes
Utah & Xorth See Un Pacific
Utica & Black R See X Y Cent
& W See Mo P
Ver Val Ind
lUginia Mid See South Ry
Va & Southw't Ist gu 53.2003 J-J
1939 M-N
Wabash 1st gold 53
Series B
Ist Uen equip 8 Id g 5s. .1921 M-S
Det&Ch Ext Istg 5s. .1941 J-J
Des Moin Div 1st g 4s. .1939 J-J
OmDlv Istg 3128
1941 A-O
Tol & Ch Div St g 4s. 1941 M-S
St Chas Bridge Ist g 68.1908 A-O
Warren See Del Lac & West
1
13
Sale
Is
Sale
113
9238 Sale
10313
112 Dec'03
11413 Apr '02
. .
104
104
104
106
II513
1061a
llo^a
10612
1011-2
Apr '03
Sale
11534 Sale
107
62 89 Sale
102
106
97
,
100 >a 104
II412II6
lOGialoyia
66 '8 1270 61
62 le
102
102 Jan '04
10614
107 Jan '04
97 May'02
8 1 la Jan '04
801a
68
102
107
SI"*
Mar'02
10912 Mar'03
98
95
105
Wash Cent /See Xor Pac
Wash O W See Southern
<fe
97^8
8734
8534
W
W
1051,
'04
lOS
119
107
113
Debenture
104
1943
IO214 .-1061a Feb '02
Ga <fc Ala Ry Isi con 58 ol945
103 IO4I4 102 Jan '04
Ga Car <fc J\"o 1st gu g 58 1929
105 ....
107 Dec'03
Seab & Roa 1st 58
1920
llli4May'03
Sher Shr & So See
K&T
811 Sp Oca <fc U See Atl Coast L
Sod Bay & so Ist g 58
1924 J-J
99
102 Jan '03
So Car <fe Ga See Southern
So Pac Co— Coll tr g4'28..1905
98»8 9914 98h
9914
Gold 4s (Cent Pac coUj.A:194y
89 Sale
89
89 12
Registered
A:194U J-D
87 Jan '04
Acfc X
Istgu g58
1941 J-J
97»al00 105 12 Feb '03
Cent Pac 1st rel gu g 48 1949 F-A
9334 Sale
98^6
981a
Registered
1949 F-A
99 14 Mar'03
Mort guar gold 3 "us.. 41929 J-D
85^ Sale 85
8518
Registered
4:1929 J-D
Gal Har <fe S A l8tg03..191o FA 10534
10i4Feb'03
2d gold 78
1905 J-D 103 104 102
102
Mex & Paclslgos
1931 M-N I05J4IO7 107 Jan '04
Gila VG<feXlstgng5s.l924 M-N 1041310512 106
IO514
14
Hou8 E <fe
T 1st g 58.1933 M-N 106
105 Dec'03
1st guar 58 red
1933 M-N
|102iaDec'02
Consol gold 58
70 12
98 >2
763^
Jan
11934
Gold 5s
M-S
100
80",
1
OS Hj
108 '2
109
J-J
J-J
J-J
J-J
1894-1944 F-A
Bge Ter gu g 58.1930 A-O
Utah
117
'01
'0 1
102
Ist con gold 5s
Registered
1947
Ist Uen convert 48
1911
Registered
1911
Ore Ry & Nav con g 4s. 1946
Ore Short Line lstg6s.. 1922
1st consol g5s
1946
48 & participating
1927
117
1114
112
90 lo 92
Den'
Oct '03
lOOiaMay'OH
101
103 '2
M-S
& Lew See Penn RR
SyraBlng&XY ,Se«DL<feW
"rebo&X 6'eeMK<fcT
X er A of St L 1st g 4138. .1939 A-O
Tor
Deo '03
Jan '04
Jan
Jan
106
J-J
TolStL&WprIieng3i3S.1925 J-J
1071310838
50-year gold 4s
1950 A-O
IOH4 26 ibo" iofi^
H2
JiigH
Sunb
W
131
M
A
6s. ..1916
&M
llO^Deo'OS
131 Jan '04
10H4Sal6 101 14
111
100
8234 84
94
76
noH
108 »3.
I2412
83 >3 156
3 II9I2II9I2
119^2
80i-i 154
80^8
78
140 May'02
108«BJan'04
lieisApr'Ol
111 Nov'03
130
104 "a 106
123
110
83 Sale
119>a
80 Sale
103
>4
106
104><2Deo'03
I2412 124>a
11034
11034 11034
98 Dec '03
A-O
J-D
J-D
EMumlstdlT l8tg58..190s A-O
Xor Divl8tgold48
194b A-O
Minn Union Ist g 6s
1922 J-J
Mont C
106
110
J'ly'03
IO5I4
J-J *101 105
J-J 11234 Sale
& X Ala See L <fc N
Spok Falls & Xor let g 6s. 1939 J-J
Stat l8l Ry Ist gu g 4i2S..1943 J-D
S
105
106
G
Sale
M-S
1921
1926
General 58
1936
Guar stamped
1936
O&
1st cy gu 48.. 1924 F-A
West N C Ist con g 68.. 1914 J-J
Series
BtLMBr 6«'rKKAoIStL
St Life S tYan^dgGsCIBlBUO
2d gold 68 Class C
lUOO
General gold Os
1931
General gold os
1931
8t Life S F KK cons g 4s. .'90
SouUiw Div Ist g 58. .1947
Retnnduig g 4s
1951
K C Ft b <fe Cong 68..1B2»
K C Ft Si <fc Ky ret g 48 1930
KC<fcMK& B isl gu 58.1929
8t Louis bo Hee lUiuois Cent
•t L S
Ist g 4s bd ctXa.1989
2d g 4s inc bond ctfs...j7l989
Consol gold 48
1932
Gray's PtTerlstgug 58 1947
8t Paul & Dul See Nor Paoihc
et Paul
& Man 2d 0S...1909
lal consol gold 68
1933
Registered
1933
Reduced to gold 4'a8..1933
Regiaterea.
1933
Daiota eit gold 68
1910
Mont eit l8lgold4s
1937
Registered
1937
Sabine Div I8tg6s....l912
Con gold 68
1943
Southern— 1st con g 5s
1994
Registered
1994
Mob <fe Ohio coU tr g 4S..193H
Mem Div Ist g4ia-58... 1996
St Louis div 1st g 4S....1951
AlaCenR IstgGs
1918
Atl & Danv 1st g 4s
1948
Atl<& Yad Istg guar 48. 1949
Col & Greenv 1st 6s
1916
E T Va & Ga Div g 63. .1930
Con 1st gold 5s
1956
E Ten reor Uen g 58
1938
Ga Pac Ry 1st g 6s
1922
Knox & Ohio Ist g 68. ..1925
Rich <fe Dan con g 6s
1915
Deb 68 stamped
1927
Rich & Meek Ist g 4s.. .1948
So Car & Ga Ist g 5s. ...1919
102
113
100
80
102
103
E*
Deo '03
87
100
80
105
105
X
AX
96»8J'lj-'03
106>B
99
1071a
MN
120'iiDec'02
II410
96
L Cairo 6ee Mob
L lb Iron Mount Hee M P
L K C & ^ 6£e Wabash
<fc
i:7'<J'Jr"««
98 J'ly'97
93
Bicli&Uiiu ^ccSoutliKy
Rich ife .Meek bet buiitlifrn
Bio Ur Weat Set Uen & Rio Gr
Hlo (ir June l8l KU X 08... 1939 J-D
BiogrSo l8lf;oia48
1940 J-J
Guarantee*!
1940 J.J
Boch ^b Pitu See a H <fe P
Bonie Wat <fc 0(? Hee N V Oonl
Batlauil l8l con g 4>-js
1941 J-J
Rul-Cauail 1st gu g 4 Sjs.1«49 J-J
Tus
it H
t>ee Pere ilarii
Sag
t Jo A: Ur Isl Isl g 48...1«4< J-J
8t Law & Ailirou Islg 6s. 1990 J-J
8t
8t
114
113
A-0
U
8t
120 Oct "01
112HjDec'02
HH'T J.J
1997 JJ
Jer»i-T Cent coll g 4s.. .1961
BeUHseltitfr <b i<«r aee D <&
2dgolil 6s
US^.
iim.
No tow
gulslg4s.l912 A-O
Ist g 6s series B
1905 A-O
l8tg 6s series Ctfc D...1906 A O
Istg 68 series
F...1912 A-O
Ist gold 6s
1912 A-O
Ist con guar g 58
1937
Stamped
1905-.. 1937 M-N
Pacof
S
Mex Ist g 6s. .1911 J-J
S P Coast let gug 4s.... 1937 J-J
Tex
O 1st 78
1905 F-A
*•<•«•
'.
11818.
A&
ibo'i^ ioo'i-i
Jaiivary i
111
112
.
i'iij"
J-tiyh
Jiange
Since
11
Jan '(M
Jan '04
92 Jan '04
12712 Feb '02
130 Xov'02
122 Sen '02
113
9214.
S
A Pa88lstgug48.1943
So Pol Argil Istg 68... cl'.K)9
Ist guar g 68
cl910 J-J
S Pof Cal Istg 6s
1905 A-O
Nov'97
137
J-D
i>s...ll'oi;
PUl« fin A St L, »;i-c I'onii Co
PltU Clove ^ Tol *** B * O
I'eiiu Co
^m» Kl W * Ch
Pjtls Juno l»l K"l>l t>«
li'-".'
111
112
Cal iHt gu g 6a
1907 J-J
Gunrautcoil gold 5s
W.'>>< A O
Ore &, Cal 1st guar g 5s. 1927 J-J
123Vjl23i2
Ask tow
Bid
MN
'97
US'-.!
Iii7\ 109
N
A O
5
Southern Pro (.'.o—( CanHmmi
n & TCl.stK5KlntKU..19:!7 J-J
Consol g 6.S lilt KUiir...l9rJ A O
Oeii gold 4s inl guar.. 1921 A <>
WncoAN Wtliv Ist k0s'3o
Morgan's La & T 1st '/.s.r.ilS AO
l8t gold 6.S
1920 J-J
117"" Jiay'OO
.
Fku
KNlil.Nii
Week's
Kanflf or
Last Sale
Feb 6
:;a.
Hign
1.
'120
Pt"r.>"M;.m-(Jli»to \V Al 5»
l.otQ
Doc '03
111
I'.fJl
l»l p Us
No
N. T.
1
112^4 Miir'OO
IOS'4
.>**
JJigh
Lou>
HOND.s
STCKMv K.XCIIANOE
Jianir*
Since
Januarij
Kaiit/e or
Last Salf
H. Y.
IV!
'•a
I
09^4
"sei^
Y&
Pa Istg 6s. .1937 J-J II513.
gold 3-4s
94''8.
1943 A-O
Income 5s
(il943 Xov
30
West Xo Car See South Ry
Gen
90
8734
981a 10136
84"
WestX
117i2Dec'03
9578 Oct '03
40 Mar'Ol
.
West Shore
See
N Y
Cent
VaCentife P Istg 6s. .1911 J-J
W
Wlieel'g
L E 1st 6s. ..1926
Dec'03
112
10913
U2isll4
<fe
11313 UZh.
A-O 11313
g
Wheel Div 1st gold 5s.. 1928 J-J IO8I3
1 10 14 Xov'03
Exten & Imp gold os...l930 F-A 10713
110 Mar'03
Isl consol 4s
1949 M-S
9014 Sale
9012
90
,
I00ial02
107 107
105 105 12
.
Wilkes & East See Erie
WU & Sioux F See St P M
89
91
&M
W
Winona <fe St P See C <fe N
Wis Cent 50-yr let gen 48.1949 J-J
89 13 Sale
891a
90
4?
881a 90
MISCELLANEOUS BONDS—Concluded.
Slanutacturing tSc Industrial
Bar* 3 Car Co Istg 68.. .1942
Con30lTobacco50-yrg 4S.1S51
Pistil Sec Cor conv 1st g 58. '27
Distill of Amer coU tr g 5s. 1 91
HI Steel Co deb 5s
1910
Xon-couv deben 5s
1913
Int Paper Co 1st con g 68.1918
Int St f ump lo-yr conv. 6s '13
Knicker lee (Chic) 1st g 5s. '28
Lackaw isteel 1st g .^s
1923
Xat Starch Mf g Co 1st g 68 1920
Nat Starch Co s t deb 5s.. 1925
Btan Rope& T Istg 6s.. .1946
Income gold 5s
1940
U
iHiscellaueous
J.J
F-ij
A-O
J-J
J-J
A-O
F-A
J-J
A-O
A O
M-N
J.J
F-A
S LeatUCo8fdebg6s..l913 M-N
U S Shipbldg coU & mge 58. '22 F-A
1st St 6s g "A"
1932 J-J
U S Steel Corp col tr 2(1 bs.d'GS M-N
•No price Friday;
latest bid
106 Jan '00
65 14 Sale
55 14
5934 653 55
65 la Sale
65 ^2
66 \ 32 63
981a
99 Sep '03
90
99 Jau '99
90
100 May'02
•105 13.
106
Ibii
106
99
99 12 9812 Jau '04
98
93 Feb '03
93 Sale
93
9339 26 93
68 12
Adams Ex coi tr g4s
1948 M-S 102 la Sale 1024 10234
AmDkcfeImp5s See Cent N J
AmSSCoof WVag5s....l920 M-N
10034 J'no'02
B'kl'n
FerryColstcon8g5s'48 F-A
Chic Jc & St Yard col g 5s. 1915
DetMcfe Mldgr incomes.. 19 11
1063^ Hoboken L<fe I gold 5s.. .1910
9812 Mad Sq Garden Istg 5s. .1919
iMan Bch
& L gen g 4s.. 1940
93 12 Newp Xe Ship <fe D D 5s (Z1990
90'^ Dec '03
X Y Dock 50-yr 1st g 4s.. 1951
64 Dec'03
St Joseph Stk Yds 1st 4 138. 1930
43 Sale
42
43
35
47
St L Ter Cupples Stat'n * Prop
<)
2
3
134
414
3't
Co Istg 4138 5-20 year. .1917
110 110
no
10734110
S Yuba Wat Co con g 6s. .1923
91 Jan '03
Sp Val Wat Works 1st 6s. 1906
28 Sale
28
28
40 28
28
U S Red & Ref Ist 8 1 g 6s. 1931
7134 Sale
71'%
73 1> 3935 6834 75 12
and aaked. a Due Jan
6
Due Feb
e
Due Mar
H
rf
Due Apr ADueJ'ly
A:
Due Aug
J-J
AO
64
104
82
,
Sale
64
111
82
64
Mar'Ol
83
50
Fob '02
102
61
103
66^
82"'8S"
.M-N
M-N
M-N
J-J
F-A
91"' i)eo'b3
91
J-J
J-D
J-J
MS
108
10113.
Nor'03
108
llSiaJ'ly'OO
79 Aug'03
Due Oct p Due Nor
7
Due Deo
i
Option »»!
Feb.
6.
THE CHEONICLE.
1904.
Gas
Volume
Business at Stock Exchanges
of
NEW TOBK
TRANSACTIONS AT THE
ending
Feb 5
1904
AND YEABLY
Stoclcs
Railroad &c
State
Bonds
Bonds
IVeek
I'ar value
Shares
Saturday
Monday
.........
Tuesday
.
Wednesday
Tinrsday
Friday
Total
2,654,975 $241,816,800
Week ending
Sales at
Exchange
JFel)
Newark Consol Gas. .100
$'y,6o6
$2,000
1904
1903
14,712,098
18,940,223
3,085,038
2,654.975
$241,816,800 $283,396,800 $1,382,726,175 $1,784,928,050
*92,000
$4,300
$59,500
shares, par..
$2,600
State bonds
'2',6o6
BB. and mis. bonds $13,529,000
Total bonds
$192,500
137,000
92,678,500
$93,003,000
$21,899,700
$13,631,000
$35,000
153,500
'87,473,200
$87,661,700
DAILY TBANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Philadelphia
Boston
Week ending
Feb 5
1904
Saturday
Monday
Tuesday
Wednesday .
Thursday
Friday
Total
Bond
Unlisted
shares
Listed
sharef
sales
J-D
102
60
50
sales
6,823
14,965
10.315
9,936
9,251
11,292
3,433
16,947
21,154
10,805
7,388
11,212
$21,500
51,000
44,200
79.500
56,006
28,000
4,711
17,694
8,346
20,000
16,543
12,923
3,145
7,214
5,505
4,896
6,367
4,180
$37,500
33,700
45,300
63,400
82,600
46.000
62,582
70,939
$280,206
80,217
31,307
$308,500
65
54
noo
n36
108
137
72
70
list
10
52
102 12
96
90
5
48
tlOO
94
86
i 95
35
87
Teleplione
Cable 100
Bell TelephotButtalo 100
UCentral & So Amer .100
Chescfe PotoT6leph..lOO
J-J
58 1909-29
^Commercial Cable ..100
Commer Un Tel (N Y).25
Emp & Bay State Tel 100
100
Franklin
11Gold& Stock
100
II412S, 1905
96'<2
40
90
82
99
101
100
3Si2
106
104
180
115
78
47
110
185
82
63
120
100
1st preferred
141
2d preferred
A
Weekly Review
N Y E B Ferry stk. 100 72
Ist 58 1922
M-N i 93
N y Hob con 5s '46. J-D 104
Hob Fy 1st 58 1946 M-N no7
N Y<fe N J lst5sl946.J-J 100
60
10th & 23d Sts Ferry 100
1I5s
NEW YORK
Bid
Ask
CITY
33
Bleeck St& Fui F stk 100
34
93
1Il8tniort4s 1950 ..J-J
95
^B'y <fc 7th Ave stk ..100 240 245
Hist niorl 58 1904 .. J-D
991a 100
it2dmort 5s 1914 ...J-J 104 105
Con 68 1943 See Stock Exch Ust
B'waySurt'lstSsgu 1924 no7 110
2d 58 int as rental 1905 i 99 100»a
266
TICent'l Crosst'n stk.. 100 265
UlstM 6s 1922 ...M-N ai8 120
lICenPkN & E B stk. 100 206 210
190
l|Chr't'r<fe 10th St stk 100 180
Ool<fe 9th Ave 5s See Stock Exch list
Street Railways
Grand Bapids By
100
Preferred
100
TILoui.sv
St5sl930..J&J
Lynn<fe Bos 1st 5s '24. J-D
Minneap St By 58 See Stk
NewOrl BysCo
Preferred
100
100
4128 1952
J-J
USorip 68 1914 ....F-A
1I42d & Gr St F'y stk. 100
1|42d St
cfc St N Av 100
105
410
.
M
Ulstmort 6s 1910 .M-S
ll2d income 6s 1915 J-J
& Pav F os
See St
70
105
90
kExc
106
416
75
106
95
list
Melropol Securities See Stk E X list
Metropol Street By See Stk E X list
Ninth Avenue stock. 100 190 192
Second Avenue stocklOO 206 210
104
Tllstmort os 1909 M-N no3
II2I2
ConsoiSs 1948.... F-A
12
HSixth Avenue stock 100 174 176
Sou Boulev 6s 1945. .JJ no8 109
So Fer 1st 5s 1919. ..A-O U05 108
Third Avenue See Stock Exch list
P <fe M 58 1928 104 105
Tarry
YkersStBB 5s 1946A.0 104 106
28th <fe 29th Sts Ist 5s '96 nio
111
405
lITwenty-Tli'd St stk loo 402
J-J
Deb 58 1906
100 102
Union By Ist 08 1942 F-A 114 115
Westchest 1st 5s '43 J-J 106 108
a
•
Ave
noo
5s 19O0..A-O
UnitBysSanFran
Wash By & El
99
234
103
235
BB& WE58 1933. .A.O
Brooklyn City stock. ..10
Con 58 See Stock Exch
103
5
9
109
Isi cons
&Bklyn
340
100
..100
g 48 1948.. J -J
BrkCfc N OS 1939.J-J 112
GrSt&Newl8t58'06F-A 100
Gr'pt .fcLorimer St Ist 6s
UCong
13
46>2
471-4
76 li
45
75
77
47
79
5s 1936. ...M-N
68 1944
1st 48 1951
75
110
A-O
See St
N Wb'g<feFlatl8tex4ii2S
J<
*itelnway 1st 68 1922. J.J
Exc
100
ni5
105^2 IO6I4
East Bivor Gas—
Exch
J-J
ConsoiSs 1945
J-J ^nOo
100
n03
1
135
145
155
116
niO
87
94
112
li
list
Buffalo Street By—
Ist cousol 53 1931. .F.A 4112^; 114
Deb 6s 1917
A.O 5105 107
Chicago City By stk. 100 165 108
Chic U uionTnic See St'ck Exch h.it
Cleveland Eloclr By. loo
771,
74
Columbus (O) St By. .100 88''i 90
Preferred
1 00
105
106
Coluiu By con 58 See Pli Ua list
Crosst'wu l8t58'33.J-D 104
108
Detroit United UySee Stk Exch list
interest,
5e«NYStk
Excl;
EloclOO
98
Heat com 1 00
94
100
95
Consol Gas (N J) —
t
50
TlDctroit City Gas
E.SSOX
Hudson Gas 100
'4
312
3
Exch
1st 58 1936
J-J
Cousuni Gas (J City)—
1st 6s 1904
M-N
103
116
'i
list
list
98
98
92
94
noo
101
f
&
,
86
87
61
65
FortWayiKi 68 1U25..J-J
UGas & El Bergen Co 100
Grand Bapids Gas
F-A noi 103
lllst 5s 1915
48
50
Hartford (Ct) Gas L... 25
60
.08
Hudson Co Gas
100
Exch list
08 g 1949
,See Stock
I
Indiana
iS'al
cS;
111
Isl 6s 1908
Gas—
-M.j;
Indianapolis Gas slock 50
l.st Os 1920
M.N
Price oor share,
t
48
75
n03
Sale uricn.
Barney &
Sm Car
77
t
100
88
90
4
70
250
132
25
85
30
90
1134
15
110
100
50
Camden Land
3
CeUiUoid Co
100
Cent Fireworks com. 100
Preferred
100
Central Foundry
100
Preferred
100
Deb 68 1919 op 'OlM-N
Century Bealty
100
Cnesebrougli Mfg Co 100
Chic Pueumatic Tool. 100
llClalliudI B) 1st pref 100
1|2d preferred
100
100
I1 Common
Col & Hock Coal* I pi 1 00
1st g58 1917
J-J
Com pressed Air Co... 100
Cou.solid Car Heating 100
IIO011S Firew'ks com .100
1 00
II Preferred
Cons By Ltgcfe Bef rig. 00
Cousol Bubber Tire.. 100
Debenture 4s
107
t
In
."«
116
15
60
112
11
Istg6sl951
40
?
Kitchener Gold Mining. 5
Lanston Monotype
20
Lawyers Mort Insur.lOO
Lawyers' Title Ins. ..100
t
97
165
130
5>a
20
80
13
45
10
35
100
Is
t
8I2
162
172
265 275
21 12 221^
115
15
60
80
t
11^4
l^j
6I2
6I2
t
25
t
25'a
102 12
20
94
20
78
95
27111
98
21
88
105
3
42
New Eng Consol Ice. 100
N Y Biscuit 68 1911. M.S
N Y Mtge & Security.lOO
UNew York Dock
100
IJPreferred
100
N Y Transportation. ..20
48
3
ibi" 105
110
18
41
130
20
45
534
6I4
Co
100 166
3>2
NorAmLum'rcfePulplOO
414
100
100
Preferred
100
Pittsburg Brewing
50
Preferred
50
Pittsburg Coal
100
Preferred
100
Pratt <fe Wlutu pref.. 100
Procter <fc Gamble. ...100
Preferred
100
Bealty Assoc (Bklyn)lOO
Boyal Bak Powd pref .100
Bu.>sseU <fc Erwln
25
Safety Car Heat & Lt 100
Seminole Mining
5
Simmons Hardw com 100
Preferred
100
2d preferred
100
Simpson Crawford Co 100
414
MUUug
5
28
85
30
90
24
2334
4534
1234
t
t
461a
48 14 4815
99 105
332 i-i
2021a
125
118
99
t
100
63
61
190
200
I4
t
106
132 4
120
36
86
125
20
340
Co. 100
4
5
100
18
68
640
25
115
20
Preferred
71
650
Standard OU of N J. .100
30
Standard Coupler coml 00
130
Preferred
100
Storage Power
50 t
h
Swift c& Co .See Boston St k Exc M'ge
1st 5s 1910.1914.. ..J.J nooij IOII4
29
25 t 28
90
HTexas<fe Pacilic Coal 100
1212
1st 68 1908
A-O no5 107 4
Tennessee Copper
&
119
109
1
118
20
67
2
9
11
68
420
460
24
85
25
91
92
92
80
90
65
10
60
75
25
67
65
?
5I4
3I4
55
100
88
88
87
20
I93.J
International SUver.lOO
Preferred
100
Ist 68 1948
J.D
John B Stetson com. .100
Preferred
100
Standard
68
25
125
160
160
140
140
320
118
100
Debsf 6s''24op'05..JJ' 70
Mfg Co
100 325
16
166
95
•2^4
16
35
33
40
115
105
145
Internat'lBankingColOO
Int'n'l Merc Marine. 100
Preferred
100
Col tr deb4i2l922op'07
International Salt
100
26I2 Singer
130
66
Company com
9
85
60
14
160
92
i
150
50
Koud& Mtg Guar.... 100
Borden's Cond Jfilk.. 100
Preferred
100
ri?ht.'*.
99
75
22
2
95
105
5
IJOntario Silver
Otis Elevator com
79
35
4
... 1 00
Preferred
Con.-i
a Ex
36
3
8I2
45 c.
130
25
9234 Nicholson File
90
9
10
58
65
55
51
3^8
4
33
34
98 100
78
80
J-J
1
44
t
Preferred
97
iee Stock
109
86
20
94 12
89
^2
Am
Bliss
list
*ie
t
1\\
10
100
104
138
50
100
100
100
UN at Enam & Stamp 100
llPreferred
100
National Surety
100
75
loO
Grai)hophoue...lO
Preferred
10
AmMaltingOs 1914. J-D
Amer Press Assoc'n.lOO
Amer Shipbuilding. ..100
Preferred
loO
Soda Foun com. .100
Ist preferred
100
2d preferred
100
American Surety
50
Am Strawboard 6s. ..F-A
Amer Tobacco com... 50
11 Preferred
loO
Typefo'rs com. ..100
Preferred
100
Amer Writing Paper. 100
Preferred
lOO
II
lialt
Col Gas L &
Preferred
100
HAUis-Chabuers
100
HPreferred
100
TJAmer Bank Note Co. 50
American Can com... 100
Preferred
loo
68 1919
50
90
Binghamtou Gas os 1938
Bullalo City Gas StocklOO
GiuoiiiiiatiGas<fe
Alliance Bealty
"8
S102
2
Preferred
Mosler Safe Co
National Carbon
Preferred
Industrial and Miscel
II
47
78ii2
30
Am
108
106
Baltimore ConsoUrtai See
Bay State Gas
50
list
list
n09i2 111
1st 5s 1944
1st 58 1947
Seaboard Air Line
Colllr58'07op(wi)M-S
Va & Southwestern.. 100
Preferred
EquitGascon5sl932 See Stk E X list
HMutual Gas
100 250 300
New Amsterdam Gas
Preferred
50
50
57>a
971a
M-N
NewBrunsCannelCoal 1
TINew Central Coal
20
American Elevated
Cent Union Gas Ist 53... n06ii 108
Con Gas (N Y) stk. See St k Exc h list
<fe
LE
Preferred
Amer
LOi
OTHEK CITIES
Buyer pays accrued
i
Pitts Bes8<fc
American Chicle Co. .100
Gas Securities
NKW YORK
CliicagoGas
Exch
100
list
15
93 12
85
92 14
33
74
,
1910
Title Guar
Trust ... 1 00
Title Ins Co of
Y..100
425
130
TreiitouPotteriescoiiilOO
Preferred now
100
Trow Directory new.. 100
Union Copper
10
U nion Switch cfe Signal 50
Preferred
50
11
N
Union Typewr com.. 100
100
100
1st preferred
440
146
88
80
84
70
%
t
t
I.
82
104
102
80
105
86
106
104
11
h
Col tr f OS '51 opt '11. noi^j 1024
no2 i« 103
Col tr s f 08 '51 not opi
14
*
Universal Tobacco.. .100
6
2
100
I'refened
On 1.30 150
414 West & Bronx T <fc
li-j
Wi'siingli Air F.rnke..50 tl363., ......
I31-.
M
White Knob Mining. 10 t y>K
Wort Inn Pump i)rer. 100 109 112
Storage Bat lory 00
10
a;Exdivi 11 Sells on St^)CK Exohauire. but not a very active eeourity.
1
r
2d preferred
2I2
UnitBoxboardifc PiH).100
V*
19
194
Preferred
100
2
1
100
U S Cotton Duck
20
U S Envelope com. ..100
57
63
11Preferie<l
100
6
US Light cfe Heat.... 10
1|USBed& Relining.loO
100
llPrcteneil
11U S Shipbuilding. ..100 t
100 X
liPreferied
Bonds- Sec Stock Exc Ii list
U S .Steel Corp new 5a ,Vee Stk K \ list
.'^
3='4
%
8
Mouongahela B Coal. .50
86
106
80
9
46
3
HLoriUard (P) pref ...100
Madison Sq Garden. .100
2d 6s 1919
M.N
Manhattan Transit
20
Mex Nat Construe. pflOO
Ust
2iu
81^
Income O8l930
Pac4s (w i)
Erie conv4sApr 1'53A<S!0
Northern Securities.. 100
ChB I&
100
114
102
3,''jO
82
75
19
Exch
&
Prior lien g4i2S'30M&S
Con mtg g 5s 1930.J<feJ
11
69 14
126
n25
noo
H West Cliicago St .... 100
II
102
Co. Elevated—
Ist 4s 1949 See Stock
Nassau Elec pret
17
69
33
93
Deposited stock
Undeposited stock...
J-D
1st 5s 1927. M.N
IJStandard Gas com ..100
Kings
8
70
96
10
I414
40
LightFuel&P of WValOO
108
102
60
98
34
94
Railroad
Susq pref ...50
Chic Peo <fe St L pref. 100
Buffalo
I3I4
Bkln Crosstn 5s 190S.J-J 102
M-N
1st 5a 1930
Bkn Hgts 1st 5s 1941 A-O 105 106
OTHER OITIK.S
Bkln y Co & Sub See Stk Excli list
Bkiyn Bap Tran See Stk Exch list
Amer Light & Tract. 100
Bet g 48 2002
J-J i 11
7714
Preferred
100
HCoueyls.
23r
99
i
M-N
Hist 58 1920
11334
801-4
i
Co.. ..100
Nor Un
list
18
65
31^ 33
,SeeStk
Preferred
48 1951
NY
LOl
110
mort 5s 1919. ..J-D
TfUniou Ferry stock .100
Ist
114
9"q
NY GEL H<feP
Con 5s g 1931
A-O 108
Impc 58 See Stock Exc U li.^t
46
86
list
Exch Ust
1st consol 58 1948. -J-J
See Slock
BHOOiiLYN
Ask
Bochester By
88
91
100
97 100
Preferred
100
Con 6s 1930 See Phila list
2d 58 1933
J-D no2 IO212
92
So Side El (Cliic) stk. 100
92^4
Syracuse Bap Tr 5s 1946 noo 101
7^4
Unit Bys (St L Trans) 100
8
53
Preferred
55
100
Gen 48 1934
See Stk Exch list
W
Atlan
ms
ni2
3—
.
Lex Av
39
83
Indianapolis St By See PhiJa
J
Hob & Paterson..lOO 17
4sgNovl 1949. ..M-N 64 "^
Lake St (Chic) EI stk. 100
2
let 68 1928
J-J i 96
North Chic Str stock. 100
North Jersey St stocklOO
Dry
.J-D
108^2
gold
58
1932..
IO712
48 1948
M-N
Hist
Pat By con 68 1931.. J-D
99
101
IJScrip 58 1914 ....F-A
2d 6s 1914
A-O
H Eighth Avenue St.. 100 405 410
DEB&
Bid
1>4
I'a
4
Oil
100
Preferred
100
Hudson Bealty
Interboro B T (fuU paid^
<fc
Street llaiUvays
16
22
50
30
Houston
76
95
<fe
128I3
100
100
123
82
NY&
8
26^8
110
1
Hoboken Land<fc ImplOO 200
Chicago Edison Co... 100 149 150
Edison El lU Brk 4s N Y Stock Exch
Hartford (Ct) Elec Lt 100 226 250
IJKingsCo El LifeP Co 1 00 184 189
Narragan (Prov) El Co 50 t 881^
46
Q El LcfcPowColOO 36
75
65
Preferred
100
Bholsl Elec Proteo ColOO 130
23
20
United Electricof N JlOO
63-4
63
48 1929
J.D
B<feNYl8t68 1911. J-J
Con 58 1948 -See Stock Exch
Market will be tound on a preceding page.
97
e list
Companies
106
20
4
1-.
HeckerJones-Jew'l MUl
1st 6s 1922
M-S
Ferry Companies
ot Outside
HCrucible Steel
100
26I4
UPrelerred
100
Cuban 6s of 1896
100
iJDiamond jMatch Co. 100 128
Dominion Securities, loo
5
Electric Boat
100
15
Preferred
100
45
Electric Lead Beduc'u.50
1
Preferred
50
1
Electric Vehicle
100
9
Preferred
100
14
Electro.Pneum'ic TranlO
h
Empire Steel
100
Preferred
loo
IJGeneral Chemical ..100
00
100
11 Pref erred
95
Gold HiU Copper
1 1
'4
Gorham Mfg Co com. 100 130
Preferred
125
loO
Greene Consol Copper.lO t 10^4
Bights
Guggenheim Explorati'n 120
HaokensackMeadows 100
22
HaU Signal Co
100
88
Havana Commercial. 100
8
Preferred
15
100
Havana Tobacco Co. .100 30
39
Preferred
100
Herrm g- HaU-Marvln 1 00
Hudson BiverTelephlOO 94
TIN Y<fe N J Telepho .100 al37
5s 1920 ,5ee Stock Ex Chang
^Northwestern Teleg. 50 120
78
Pacific <fe Atlantic
25
Providence Telephone. 50 tuo
ITSouthern <fe Atlantic 25 100
Tel Tel & Cable of Am. 15 t
Brooklyn Ferry stocklOO
Outside Securities
Industrial and .Tlisoel
Riii
Asle
ContTobac deb 7s'05A.O noii2 102 i-j
Cramps' SliifeEn Bldgloo
15
99
100
104
«fe
Electric
Bond
Unlisted
shares
Listed
shares
10
98
HAmer Telegcfe
—^No. shares
$3,000
24,000
21,872,700
Stock Exch
111 .100
Telegi'
1 to Feb 5
Par value
BONDS
GoTernmentbonds
6'ee
1st 6s 1926
50
Providence Gas
St Joseph Gas 5s 1937. J-J
58'44M-S
StPaulGas Gen
Syracuse Gas 5s 1946.J-J
United Gas&Elec,NJ 100
100
Preferred
Stocks
Bank
103
100
A-O
Loe<&WabVl8t6s'25.J-D
Madison Gas 6s 1926.A-0
Newark Gas 68 1944. Q-J
5s 1948
January
1903
1904
A-O
HO & Ind C Nat <fe
.$13,529,000
5
81
100
100
Lafay'eGaslst 6s'24.M-N
U S
Bonds
Ask
Bid
50
IJPreferred
$1,337,500
1,864,500
2,614,000
2,005,000
3,042,000
2,106,000
$18,672,600
55,176,300
37,015,000
40,758,700
45,005,500
45,1^8,700
205,501
574,213
391,485
451,407
508,565
523,804
Securities
Jackson Gas Co
5s g 1937
Kansas City Gas
115s 1922
'ILaclede Gas
STOCK EXCHANGE
DAILY, ^WEEKLY
577
i;'
3
1
BOSTON STOCK EXCHA.NGE-Stock
"'hurt' rrli-c»— >oi I'or t'ciilum
Honda)/
fiiiMiriiay
Jan. no
H'eitiutiiay
f»b. 3
I\i*»tiay
t^. a
1
t-tb.
STOCKS
rricen
T^urst^au
/V6. 4
ot
Hange
Year
tor
1904
the
tor J^eviout
Year (1903)
Week
EXCHANGE
lYb. S
Sange
Sales
BOSTON STOCK
J'Yitlav
Weekly and Yearly
Record, Daily,
Shares
Lowest
8anU FolOO
2.713
100
A Albany
100
Klovaled
100
ifc Lowell
100
dfc
Maine
100
pref
100
A Provulenco 100
130
05 ''p Jan
88 Jan
highest
Lowest
Highest
644 Au
Aug
SO'rtJan
1134 Jan
UailrondN
69\
TOVt
•347
14U
ass
•168
•170
70
70<V,
V>l>a
91'i
247
«S\ 70
914 91 '4
704 704
914 914
247
•.'47
2ui\ 34
14114 1404
247'-.
14UV, UiiVi 140>« 1 4il >4
•233 23i
JS3
2 HI
108 Vi 108 16S'4
•170
•170
•a9-i
800 800
300
'a»« 300
14:><«U5^ >144 145 •144 146
•I'JJ
122
•184
i*85"" '184
isi'
280
•13«J\t
13tf>aloo>«
277
130
•17a ....
23 >s 23 S)
172
172
TO*.
•ao2
•78
•73
•87
....
lOS
170
300
145
18;>
•184
277
•276" 280' •270
...
130i« •136
79
79
79
•114
195
202
•78
.
8m
•HOSi
•163
81
8088
•Hl)\
SI",
Vl^
103
91
....
91
yis.
814
•904 914
lU
163
91
81
S*!**
.146
.145
•14>a
1S><
•144
76
76 >«
75^8
•20
'8
125
127
126
127'9
120
127
b\
8>s
122
7'i2
3
48>4
28^ 28 "^
114 U'V
195
Lait Sale
Last Sale
•202
•78
73
38
im
64 7g 55 Hj
75^8
7578
•34
44
204
12534 126 '^
•113
114
•84
84
64
•534
814 814
7
7
100410034
•2
3
98
•474
48'4
•28
284
52=8
10=8
6438
•70
•85
•10
•sa
11
10
83
86
100
'83
•81
•90
•90
a'a
4»Q
2S.
4'2
47^8 48 >2
•10
•18
11
19
•75
••25
'75
-50
22
22 la
•50
5288
I034
654
5^8
8I34
8134
92
92
79'8
91
804
74
"7
74 *7
10041004 100
100
25
*25
•2
'
3
974 98
•474 484
234 284
•2
3
98
98
47
4
'284
Lait Sale
15^4
24
44
474
•60
•60
•26
22
-a
••40
15 4
•60
44>4
44
85
60
35
ei
3434
•107
*2
110
838
8%
•3>4
34
•80
-80
•8
9
••75
•874
60
107
2
84
8
6
37
••624
14
•10
37
-70
14
11
3634
2'g
11
82
86
100
83
85
100
8-4
•81
•90
•80
•87
83
85
96
24
44
600b
5
•6
204
106
£
....
aoTg
8214 33
838
64
34
64
83
•24 234
•44 5
494 63
•10
14
75
34
20
125
126
126
•144
14
76
75
4
438
164
...
-60
40
35
61
110
24
8-4
"
•74
•60
••75
•10
60
25
24
2334
2^8
90
80
•1
2
a
105
113
14
84
1
1
•1
24
9
34
•80
4
•24
00
'1
34
7
73
14
•70
14
11
604
294
334
90
14
2
84
•106
64
204 214
94 94
33
844
34
•24
234
44
4H
484 494
lO-^j
'
445
150
2034
•9
8«8]
111
'•60" "eo'
4333
3434
434
60
61
•107
•2
110
3434
24
84
34 34
•80
85
•84
•72
•874
••634 •70
•1
14
10
10
•564 69
244 254
•24 334
85
874
•1
14
*1»«
Q
106
2I19
Q
106
6
6^4
434
214
204
94
33
•34
64
20»8
72
72
1
1
94
334 344
•34
•64
Do
Boston
ChlcJunoRy&US YlOO
Do
pref
Con<fe
Mont
100
244-'>.|
67
a;137
98 231
24 l(i()
5 170
12 298
32 142
21 121
Class 4. .100
I'ass Kiv pref 100
91
West End St
50j
109
Do pref
50
Dec'03 Wisconsin Central. ..100
J'ly'03
Do pret
100
Jan '04 Wore Nash & Roch.. 100
182
70»8 Feb 1
7 92
Jan 27
Jan 2 2474 Jan 29
Feb 6 1404 Jan
J n n 1 233
Jan 20
.Ian 14 109
Jan 25
Feb 3 171 Jan 1
Jan IS 300 Jan 20
Jan 5 146 Jan 20
Jan
124 4 Jan 19
an 5 183 Jan 2
J.an 2 1024 Jan 4
J an 25 277
Jau27
Jan 2 137 Jan 26
."^
.'^
.)
18
20
Amer Agricul Chem.lOO
Do pret
100
Amer Pueu Serv
50
Do pref
50
125'8 Amer Sugar Retin
100
Do pref
1264
100
1264 Amer TelepA Teleg.lOO
104 Amer Woolen
100
70
Do pref
100
15
81
814
8O34
•7
100
74
•7
100
100
Last Sale 254
Laatsdle 28
Last Salt 2
97
97
4
7
73
14
74
1004
Aug'03
Sep '03
Jan '04
96
90
4734
4734
284
284
734
Last Sale 77
Jan '04
Last Sale 2*4 Jan '04
"10*8 "114
1034
lO^a
'
54'8
^0
.')434
Last Sale 75
10
80
10
80
*10
82
Last Sale 80
Last Sale 974
24
44
48
24
49
440
asg
44
1
Lastsale 10
440
83
100
pret
Adventure Con
25
25
44 ^Uouez
4834 Amalgamated CopperlOO
404
'03
Oct
Amer Gold Dredging 5
445
94
3334
334
64
Lasi Sale 40
•55
•55
Lastsale 204
43
-60
43 '4
35
60
134 Jan
9
Jan
6
34 Feb
19 Jan
1234Jan
122 4 Jan
4
9 Nov 26 Feb
Jan 23 66 4 Not 864 Feb
3 Sep
Jan
25
7 Mar
44
204 Jan 20 12 Sep 24 Mar
1314 Jan 25 10738 Oct 1344 Jan
1264 Jan 26 116 Aug 123 4 Deo
1804 Jan 25 lU40ct 160 4 Feb
034 Oct
14 '8 Feb
12 »8 Jan 6
72 Jan 25 65 Oct 79 4 Jan
34J'ly
534 Jan
112 4 Jan 15 115 Oct 127 Jan
6 4 Nov 62 4 Jan
10 Jan 4
54 Oct
834 Jan
534 Jan 5
240 Jan 16 223 Dec 310 Feb
Sep
204 Feb
1784 Jan '-i^ 138
30 J'ly 4834 Feb
4378 Jan 5
824 Jan 5 744 J 'iy 88^8 Feb
17634 Jan 9 164'4 Aug 190 Feb
14 Oct
24 Jan
2 Jan 25
2434 J'ly 86 Jan
12234 Jan 28 121 Nov 139 Jan
9 Apr 20 Jan
4 Jan 28
21938 Jan 22 197 J'ly 237 Jan
6 4 Dec 10 Feb
74 Jan 27
102 Jan 5 99 J'ly 132 Jan
25 J'ne 2634 Jan
5
7o
71
4
Jan 11
Feb 1
Jan 2
79^8 Jan 2
257 233
84 169
40
1,527
1.101
61
1744Jan
138Jan21
Jan 8
Jan 28
Jan 16
6 4 Jan 19
100 Jan 25
120
4
215
Am Zinc Lead A 8m. 25
Jan '04 Anaconda
25
25
25
Jan
25
214 Bingham Con MinAS 50
•50
Bonanza (Dev Co)... 10
1,816
'04 Atlantic
Jan
'04 British
445
Colum
Calumet
A
(Ltd).
1,145
350
5
Heola
25
10
25
25
Sep '03 Cochiti Tr Co recta.. 10
-60
Cons Mercur Gold... 5
Sep '03 Continental Zinc
25
44 Feb
46 4 Feb
54,515
Jan'04
•50
Arcadian
Jan'04 Arnold
24 Jan 13
913
980
83
2,528
4
5
76
354
584
•90
1
Wyandot
25
a
3
4^8
53
Jan 18
Jan 21
Feb 2
Dec
2
34 Jan
3334 Oct
Fel>
•50
320|
New stock.
1
Jan
2934 Jan
Jan
•75
47 4 Jan
5
2
6b Nov
104 Sep
J'ly
37
Jan 2 31 Nov
Jan 2 59 4 Oct
Jan 22 106 Oct
Oct
2
2 4 Jan 5
7 J'ly
94 Jan 9
30
72
113
3i8jgjan
•97
Hi
5
Jan 13
94 Jan 25
Jan 18
Jan 22
Jan _
39 4 Jan 19
4 Jan 21
•62 4 Feb 4
4^8
•87 4
64
14 Jan 23
Jan 21
62^6 Jan 5
29 4 Feb 2
3 Jan 25
100 Jan 5
14 Jan 14
24 Jan 20
9 4 Jan 18
120 Jan 19
12
Jan
18
84 Mar
75=8
334 J'Jy
Dec
•50
54 J'ly
3 J'ly
Dec
•60
434
31
2
•55
•75
•50
Mar
14 Feb
Mar
314 Feb
6 4 Feb
•95
Mar
144 Feb
394 Feb
•90
Mar
1234
8
Feb
;51
•10
Mar
Feb
31^8 Feb
94J'ly
J'ne •40
•25
4234
k Before pay'toiasseM'tacaUedm 1903. dBeforepay'tof assess'Uoalledinigoi. Bldandasfced.
J'ly
134 Jan
5
Apr
Jan 16
99 4 Jan 2 91 Aug 111 Jan
Oct
384
53
Jan
25
484 Jan
29 4 Jan 25 27 Aug 314 Feb
Sep 154 Feb
7
8 Jan 23
77 Jan 10 7134 Oct 954 May
Oct
9
18 4 Feb
1488 Jan 27
33 J'ly 574 Jan
5334 Jan 28
10 Nov 39 '8 Feb
1258 Jan 2
4934 Nov 8958 Jan
59^8 Jan 22
•50
Jan •80 Mar
•75
Jan 14
7 4 Nov 28 Jan
11 Jan 25
83 Jan 21 71 Oct 102 Feb
85 Jan 21 67 Oct 108 Feb
100 Jan 15 8O34 Oct 110 Jan
2
Jan 4 104 Jan 26
Jan 2
19^8 Jan 12
Feb 2
1
Jan 23 •75 Sep
Jan 13 •25 Jan 13 •25 Apr
Oct
7
734 Jan 5
834 Jan 20
20 Dec
21 Feb 5 23 '8 Jan 21
40 Feb 3 •45 Jan 20 •40 Dec
24 Oct
34 Jan 19 334 Jan 19
435 Jan 4 460 Feb 2 400 J'ly
Feb
•OS
15 Jan 20 1734 Jan 19 VI J'ly
534 Sep
7 Jan
74 Jan 14
Jan 28
Jan
Jan
154 Jan 13
10
19
25
25
1,515 •60
2638 Jan
384J'ly 52
Sep 160
7 144
6 Jan
1558 J 'iy
—
1
154N0V
Jan
28
Jan 10
96 Jan 13
474 Jan
28 Jan 28
74 Jan 13
77 Jan 16
144 Jan 27
404 Jan
934 Jan 6
54=8 Feb 1
•75
Jan 14
13
8 Jan 4
5 79 Jan 7
80 Jan 15
974 Jan 19
2
1
90
131 J'ly 143 4 Feb
42 Mar 42 Mar
Jan 8 173 4 Mil) 180 Feb
Jan21 17 Nov 3734 Fob
Jan 27 75 Dec 90 Jan
Jan 11
8^a Nov 28^8 Apr
145
43 4 Copper Range Con ColOO 2.078 4234 Feb o
650 34 Jan 14
354 Daly. West
20
59
59 Dominion Coal
100 1,125 584 Feb 5
LastSale 109
'04
Jan
Do pref
109 Jan 20
100
2
20
Feb 5
2
2
Elm River
12
-8
•8
84
00
84 Franklin
25
8 4 Feb 1
•333
34
338
33^ Granby ConsoUdated. 10
Jan 2
250
-90
••75
••80
'85
Guanajuato Consol.. 5 1,400 75 Jan 4
•8
9
*74
84 Isle Royale (Copper). 25
50
7 Jan 4
*4
44
4
44 Mass Consol
110
25
4 Jan 29
Last Salt •75
•65
Jan '04 Mayflower
Jan 10
25
•54
434 Jan 28
54
6 Michigan
243
25
364 364 3534
30 Mohawk t
784 3588 Jan 28
25
3
800
3
Montana Coal A Coke 25
24 Jan 19
•6'.i4 "62 4 ••624
100 62 4 Feb 4
Montreal A Boston.. 5
LastSale 75
May'03 National
25
•1
14
20
1 Jan 20
14 Old Colony
25
•94 104 10
10 Old Dominion (Cop).. 25
80
94 Jan 15
66
57
564
564 Osceola
25 1,14
56 Feb 4
24
244 24
244Parrott(SilvA Copp) 10 3,646 2034 Feb 1
24
300
2 4 Feb 5
24 Phoenix Consol t
25
874 874 "1"
93 86 Feb 3
Quincy
25
1
1
Jan 21
275
1
1
26
Rhode Island
2
a
134
1^4 SantaPe(GoldACop) 10
570
1 4 Jan 2
84 84
8
8 Shannon
10 2,555
7 4 Jan 5
•102 105
90 xlOO Jan 4
Tamarack
25
LastSale 75
Dec'03 Tecumseh
25
Last Sale 33
J'ly '03 Tennessee
25
Last Sale 70
Sep '03 Trunountain
25
434
4'8
434
434 Jan
25 1,445
47f, Trinity
LastSale
Dec'03 United Copper
100
204 204
20'^p UnitedStates Mining 25
204
4,750 18 Jan 4
'94 94 •9
84 Jan 4
O'*!, Unit States Coal AOii 25
380
3234 334
32
4'85
Con
(Gold)
6,819 30 Jan 2
Utah
320n
34 34
34
34 Victoria
25
000 62 4 Jan 2
6
04
6
Feb 4
6
470
Winona
25
•71
71
72
72 Wolverine
25
135 69 Jan 5
35
270
J an
Nov 25 Jan
Nov 96 4 Mar
Jail 170
Mar
Aug 280 Fob
7
83
100
Plant Comp ne-w com. 100
PullmanCo
58
100
Reece Button-Ho!e.. 10
85
Swift A Co
51
100
Torrington Class A.. 25
Do pref
25
Union Cop L'd A Mg. 25
United Fruit
364
100
United Shoe Mach... 25
645
Do pref
188
25
5
US Leather
100
Do pret
100
U S Rubber
100
Do pret
60
100
100 1.886
U S Steel Corp
Do pref
100 5.648
Do
Sop 157
Mar
133
110
184
100
Apr
Jan
NE Telephone
Jan '04 Westing El A Mtg... 50
Jan'04
Do pret
50
J'ly 305
Jan
145
Mexican Telephone.. 10
N E Cotton Yarn pref 100
Jan 'Oi West End Land
25
11
West Telep A Teleg. 100
Jan
290
idiaing
24
44
Last Sale
5534
Mergenthaler Lino. .100
Apr
J'ne 105
J'nc 177
4
4
190
Edison Elec Ilium.. .100
General Electric
100
Aug 50
161
170
4 Fob
Jan
Jan
85'.
404 Mass'ohusettsGasCoslOO
803^
Do pref
100
804
14
196
J'ne 102
Aug 54
145 89
102 108
4
20
230
171
172
24
85
244
134
230
Jan 2 tl88 4Mn> 225 Jan
1024 Jan 25 1614 l>eo 173 4 Mar
222 Jan 29 220 Sep 232 Mar
204 Feb 5 196 Aug 2124 Feb
804 Feb 1 74 J'ly 91 May
75 Jan 13 68 Sep 85 Jan
39 Jan 20 30 J'ly 71 Jan
7 J'ly 25 Jan
42 Feb 3 75 Jan 8434 Jan
92 Jan 20 91 4 Oct 104 4 Jan
82 Jan 22 0034 Aug 104 4 Jan
914 Jan 27 834 Oct 95 Jan
1634 Jan 12 i;162 Sep 178 Feb
91 Jan 23 87 4 Aug 97 Feb
109 Jan 7 108 Sep 116 Feb
7534
Lastsale OS
May'03 Catalpa (Silver)
154 16
154 .154 15
15 4 Centennial
-74
74 74 -74Central Oil
•8
8
9
84 8
44
44 44 *4
44
••75
•75
•874
'87 "2
874
•5
54 •54 6
6
374 •36
3684
86
36
-24 34 234 34
3»8
11
•64
35
61
110
•84
•34
•10
78
-60
35
61
•107
•2
•1
72
104
444 46
••62
73
460
15 4
1
6
•6
...
459
Boston
Boston
Boston
li!
1264 1244
7,485
6
1264 1244
02«
5
126 4 125
2,079 12434 Jan 8
104 l^>^4
655 104 Jan 2
104
0934 704
2,330 684 Jan 19
70
Last Sale 34
Nov'03 Boston Land
10
Last Salt 112^ Jan 04 Cumberl Telep A Tel 100
1124 Jan 15
'84 9
•84
Iron A St
80
84 Feb 2
534
5^8
54 ... 5-8 Dominion
East Boston Land
300
54 Jan 23
•174 184 •174 184 Last Salt 19
'50
•25
•35
•45
^40
•SO
•45
-50
••25
••25
•50
•00
Last Sale 25
734
Sale
Last
84 •8
84
84
8
224 22
2234
2134 2134
214 214 21
^50
•40 •50
^40
•40
^40
•40
•40
Last Sale 334
1
*"i""a
106
10^4
5434
SS
••624 -70
203.1
104
544
•70
594 594
•24
654
•70
5038
10»8
5559
•10
•34 34
•75
80
4
'75
5038
10=8
11
H
44>4
2^2
91
109
474 474
284
284 •28
-Ho
-10
•18
19
•624 ^72 4
'74
•7h
91
109
4734
*10
'455
16»8
91
'
11
-85
•734
••40
73
39
hast Sale 264
Last Sale 38^
Last Sale 145
12641264
4 126 127 4
104 104
6934 704
70
44
44 •
'
••70
•81
8068
Last Sale
•37 4 45
734
11
195 4
176 170
1753.
•1744176
17534
•14 Ih •14 1% Last Sale 2
J*l'(t4
Last Sale 40
Aug'03
12141214 •120
12141214 12141214 130 121
1214
Last Sale 4
4
4
Jan '04
4
217 217
21542154 215 210 215 2164 215
215
974
i8>4
22
78
1754, 174j
•
•2
22
78
145
ll\*
84
54
814 814
1764 1754
•14
Hostoii
Connecticut Rivor...l(tO
13 270
130 Fitchburg pref
172 135
100
Mar'03 Houston EPtrio com. 100
Jan '04 Maine Central
100
17U Jan
22 Mass ElectncCos... .100
000 lit Jan 4
314
78
Do pref
73 75 Jan 7
774
100
104 114 Mexican Central
15 1141''eb 4
100
052 1 94 4 Feb 5
1944 195 N Y N H A Hart....lOO
/«4 Jan '04 Northern N H
100
102 4.Tan 25
2-2
Jan '04 Norwich <& Wor pretlOO
222 Jan 29
204
15 1984 Jan 7
204 Old Colony
100
•78
80«8 Pere Marquette
lOo 79 4 Jan 19
100
73
72
14 72 Jan
Do pref
100
38
38 Rutland pref
19
100
37 Jan 7
Savannah
Oct
'03
754
Kleo com.. 100
374
45 Seattle Electric
100
40 Jan 15
90
90
Do pret
69 90 Jan 20
100
79
80 Union Pacific
100 2,325 7534 Jan 6
914 914
Do pref
10 89 Jan 4
100
1634.Tan 12
100
163U. Jan '04 Vermont & Mass
•90
109
127
114
113
6\
ifc
pref
136
235 230
235
236
230 230
230 236
170
1704171 *169 174
1704
170 173
4034
40
404
40^4 40 '8
404
4
404
404 404
'
•7
'
130
235
169
y'
ioo»4 ioq34
70
44
•54
171
40>9 40-8
81^4 81 'e
laa
104
•ii'i" 114
•8>4
i-j
'Its
127
7
t
236
172 H)
336
4'l6
•20
21
12738 127';,
1 JO 4 126 4
12 6
lvi74
11
To])
Do
iVliscellnneous
4I19
21
Atoh
Sale i624 Jan '04 Conn &
280
109
154 •144 154
1274 12S
84
'91'
70
20
•ii's" 114
81
91
144
127-4
70
80
•75
20
70«9 70H!
42
92
15V,
127U
11
40
75
4",.
4's
91
1084109
90
91
103
91
109
....
'1U84109
Ud
i-j
374 374
40
40
79
12 4
195 4
203
80
734 75
202 ail2
202
80
80 >a SO 4 •78
72 4 73 Si •734 78
37
87
80
74
40
130
314 214
195419534
•-'47
69
00
247
137
233
Last Sale 42
Lail Salt 172
•173
•214 22 4
"T^.r* 7l»S
•IJV* ISU
1«5'4 lyij
7e>«
106\ H>0
:m
l.asl
27 f" 377" •270
90
1404140'. Jl37
283
233
23 S
lO'.t
10><4 •168
1084 1684
170 •170 176 170
800 •29:l^, 300 •.'9934 29934
143
143
145 •142 145
123
123
123 123
halt fialt 1S3
Jan '04
186
122
122
•184
("84
09 4
89 4 90
24(i4 240'-;
•
Sep
1^^32
16
75
Jan
Mar
Feb
484 May
131 '8 Jan
118 4 Feb
5
Mar
14
Feb
5 4 Apr
Jan
174 Feb
18 Feb
2 4 Jan
3
Deo
ll4Feb
J'ly
68
Feb
Nov
Nov
May
8
Mar
2=8
Jaa
J'ne
24
5
Oct
373
Dec
43 4Jly
16 J'ly
14Jan
Feb
23 4 Feb
79 Feb
34 Feb
74
Feb
Oct 1204 Feb
Nov 4 Feb
3 Jan
J'ly
80
76
1
Dec
7
144 Apr
J'ly 190
76
•25
1734
Nov
1«16
Feb
Feb
Jau 3334 Mar
Sep 1064 Feb
44 J'ly 14 Feb
4 Dec 3134 J*n
70
5
4 Jan
5
Jan 20
10 4 Jan 20
35 4 J an 18
334 Jan 23
22
7
4 J an
f>
Jan 22
14 Jan 4
73
104 J'ly
8 Dec
Jau
14 Deo
22
5
4 J'ly
61
J'ly
Oct
27 4
17
W*
9
VtXt
1434
Mar
Mar
Mar
3358 Ml*
77
I
2'gMar
tAss'tpald. tExrlghts. aEx-dlv.&rigbtt
1
Feb.
5TON STOCK EXCH'GE
WEEK Ending Feb 6
Trice
Week's
£ange
Friday
Teb 5
Range or
Since
Vermt
&Q
<fe
35
9OI2
9858
94
98
99
87 12 8934
102
99
Jan '04
J'ne'Ol
12958 Nov'03
II714 Feb '03
81
81
27
Jan '04
Jan '04
IOOI4 Dec'03
IO4I4 Jan '04
A-O
A-O 100
M-N 9912100
F-A
9934
10614
M-N
M-S
80
81
9934 100
100
107
Jr-
102
99
New EngTeleph 68
J-J
106i2Sale
IO6I2 IO6I2
97 12 Jan '04
124S4....
125i2Jan*04
J-J
IO6I2IO6I2
9712 9712
1251a 125 12
1241212412
124 13 Jan '04
IO312 102 Nov'03
IO6I4....
lOHia IO6I2
124 19....
109i4Mar'02
112i4Jan'03
10012 100 Dec'03
96 Nov'03
Jr Rap<fe
1st 48. ..1946 A-O
951a 98
1913 M-S 106 107 106i2Jan'04
juon Coal 1st 68
104''8
1906 M-S 10413..10468
jrn Ist gold 6s
1904 M-S
iburg 4s
lOO's Mar'02
llli4May'02
1927 M-S
137
137
itElk&MoVlst6s..l933 A-O 187
stamped 1st 6s
1933 A-O 137
136 Dec'03
Sale
92*^
93
9314
or C B & Q coU tr 4s 1921 J-J
9178 J an '04
1921 Q-J
fifltered48
106 12
106
J
<fe Pass R 1st g 4s... 1943 A-O
Bnt River Ist 5s
1927 A-O
W
1051a IO512
1041a 104*8
1
87
137
137
9014
Philadelphia and Baltimore Stock
9312
90 la 9178
OTB— Buyer pays accrued Interest in addition to the purchase price
for
a 60
Monday
Tuesday
Feb. 1
Feb. 2
*59
91
6912 5912
90I4 9014
"lo"
10
10
ISk
I8I4
838
8I4
91
934
934
1738
17 12
8
8h
Wednesday
Feb. 3
-59
*91
601a
95
9I4
17
9I4
17
8i8
8H
»
No price
Feb. 4
(For Bonds and
lYiday
Feb. &
J-J
J-J
9
814
834
•81a
*16
*8
69
102
100
96I3 97 12
69
104
10238
10138 Sale
pref
814 United Ry<fc Electric. 50
75
J'ne'03
104
Mar'02
I6I4
18
97 12
102 Jan '04
102 la Oct '03
103
103
961a
9612
102
103
IO4I4
102 14 10238
10H4lO13h
112 Muy'Ol
100 la Oct '02
12058 1205b
105 Oct '02
100 J'ne'02
M-S
102
90
100
107
J-J
102%
93
100
95
102
120i2l20«s
Mar'02
Nov'03
Jan'04
10058l02»8
1023,
9433 Nov'03
10134
102
10134 Sale
IOOI9
100
Feb '03
ibi""i'o2"*
100i2Sep'02
101 Oct '02
M-S 105
M-N lom
F-A IOII4
105i2J'ne'03
10234 Apr'03
102 Is Nov'03
100 14 Sale
II212
997g lOOM
87i4J'ly'01
11238 Oct '03
.
Friday; latest bid and asked.
Daily,
18
99141001a
U Trust Co.
ctfs.
Weekly, Yearly
Mange lor Year
19U4
Mange
lor JPrevious
Year (1903 J
Lowest
Highest
Highest
Lowest
67i2Jan 5 59i2Feb 1
8712 Jan 18 91 Jan 27
8i2Janl6 1034 Jan 2
2,000 1534 Jan 16 2134 Jau 2
61
838 Jan 26
8 Feb 2
67
760
675
58% Dec 72% Jan
81 % Oct 118
1
4=8
's
k
4=8
a
314
39i6
-4
66I4
458
66
66
•37
'2"3"7"ii
•37
3734
33s
3I4
434
66I4
38
3818
"60""60ii "60""6dB8
4
4218
8
61 le
4
15
8
23%
1.^
^
4
4134
6
I412
*41ia 4134
41 7e
6
I412
6
1434
86
47ia
4712
86I2
[lactlTe
Mid
Stocks
ican Cement
•Iron&
Steel
Ask
8I4
40
86
4138
6
I414
2212
40
30 12
47 12
86
33l9
37
83l6
50
Alkali
Dec
28I4
Oct
Oct
45 Jan
14i4Jan
lie
pref
50
19 i^ Cambria Steel
50 s'.ieo "l838Jan""6 "2'ii4Jan23
I4 Jan 12
lie Consol LaJie Superior. .100 26,122
li4Feb 4
1
•4
315
li2Janl9
100
5 la Jan 26
412
Do pref
62
220
65 Lehigh Coal & Nav .... 50
67 Jan 27
65
12 Jan 14
•36
75 36 Jan 5 38% Jan 25
37 Lehigh Valley
50
100 2,075
3 Is Jan 6 4ii6Jan25
861a 3618 Marsden Co
"1878
Nat Asphalt Tr Co recta 50
Do pref Tr Co rects 50
587^9
401a 41 14
6
ehe
I412 I412
217je 22
'391-^ 3934
297i8 297i9
4739 4734
86I2
85
"o'ijii
41
4II4
6
I412
6
141a
21^8 223,8
3934 3934
2934 3012
4714 4712
8558 8534
PHLLADEIiPHIA
7% Al Val E
20
30
Mid
Bonds
Atl City lat 5s g '19. M.N
Balls Ter 1st 5s 1926. J-D
443,
48
Berg&EBrw 1st 68'21 J-J
93
100
% Jan
Oct
Ry
1st con 5s 1932
CouTraoof J Ist 5s.'33
E <fe 1st 6s 1920 M-N
ond State Steel
N
A M
Elec & Peo Tr stk
ferred
Electric... 50
tr ctfs
1111-.
9934 100
8% Elm & WU 1st 63 '10-J-J
Eq II Gas-L lat g 58 1928 107 14
H
B Top con 5s '25 A-O 105%
88%
Indianapolis Ry 48.1933
an town Paaa
Interstate Rys—
50
ison Bros pref. ..100
3-3 %-48 1943
F-A
napolis St
100
Lehigh Nav 4%s '14. Q-J 107%
Sm Pow & Chem.50
la
RRs 4s g
1914. Q-F 101 14
ric of
America.. -50
100
8
Storage Batt
ferred
100
i-sphalpf int ctfs...
<fe
10
50
Schuylkill
)
hih& SchnylH..50
uehoning
50
ivenlronA
Steel.
Pennsylvania. .50
sylvanlaSalt
50
sylvania Steel.. 100
1
100
ferred
Co
(Pitts) pref.. .50
3erman& Norri8.50
Traction
50
rays General
10
leh Iron
Steel..
vat«r Steel
10
&
5dN J RR«feC..10()
Pow <fe Trans
;dTrac Pitts
ferred
^ick Iron
<fe
25
50
50
Steel. 10
Jersey* SeaSh.SO
nioreland Coal. ..50
Bid and asked prices
;
no sales on this day.
||
Lowest
13
ex-dividend.
105%
M 78 1911
J-D
6s g 1911-.. .J-D
Ex Imp M 48 g '47. A-O
Con M of '82 4s '37.J-J
81
P
'121"'
11934
ConM
113%
Terminal 5s g 1941 -Q-F
104 14
104 14 10434
123
'21. J-J
10134 103=8
W & B col tr 4s
Rochester Ry con os 1930
S R E Side 43 interim ctfs
U Trac Ind gen 5s'19.J.J
U Trac Pit gen 58 '97 J-J
Welsbach s f 5s 1930.J.D
108
110
2634'
%Feb
Feb
Jan
Feb
5 Aug
9 Jan
734 Dec 1779 Jau
1834 Nov 34iii8Jau
36 Sep 441I16 Feb
2734 Nov 40% J an
4078 Sep 4734 Feb
76 Oct 116% Jan
1
7834
4734
5538
Nov
35
Oct
20
Aug 31
109%
68
59
Mar
Ask
60
Charlotte
H Es.rlghts.
t
$15 paid.
Sub 1st 5s. .'22 J-D 112
Sub(Was)lst5.s'48
Col<feGrnv 1st 63.1916 J-0
Consol Gas 6s... 1910 J-D
Oityifc
1939 J-D
5s
Ga & Ala 1st con 5s '45 J-J
GaCar&Nl8t5sg'29J-J
Georgia P 1st 6s... '22 J-J
GaSo & Fla 1st 5s 1945J-J
2d income 5s 1051 M-N
Knoxv Trac 1st 5s '28A-0
LakeR El 1st gu58'42M-S
MetSt(Wasli)lst58'25FA
Mt Ver
Inactive Stocks
AtlanU &
City &
G-B-SBrew3-4sl951M-S
96%
96
BALTiniOKE
100
53
Atlan Coast Line RR. 100
Atlan Coast L (Conn) 100
Co
100
GenM 4%sg.l924.Q-F 107% IO8I4 Canton
Georgia S0U& Fla...l00
Leh V C 1st 58 g '33.. J-J 109 110
Ist pref
100
Leh V ext 4s Ist 1948. J-D 111 112
2d i)ref
100
12034
120
2d 7a 1910
M-S
G-B-S Brewing
100
J-D 120%
Consol 6a 1923
Mt Vernon Cot Duck
5038
Annuity 6s
J-D 139 140
Unit Elec L <fc P pref .60
75
Leh V Trac Ist 4s '29. J-D
Bonds
104 104% Nat Asphalt 58 rects..
Anacostia<& Pot 58
108
New Con Gas 5s 1948 J-D IO6I4
Atl & Ch Ist 7. ..1907 J-J
Newark Pass con 58 1930
NY Ph & No 1st 43 "39 J-J 101 102 Atlan C L RR4sl952M-S
Atl Coast L(Ct)clf 8 5a J-D
88
91
45
Income 4s 1939. ..M-N
45%
Ctfs of iudebt 4s
J-J
158
No Penn Ist 4s '36.. M-N 110
Bait C Pass Ist 5s '11 M-N
Deben 6a 1905
M-S
97% 97'S8
Bait Fundg 58.1916 M.N
Penn gen 6s r 1910..Var 11534 116
Exchange 3%s 1930 J-J
Consol 63 c 1903. ..Var 102 14
Refunding 3 %8 1952J-J
Consol 5s r 1919. ..Var
Bait & P 1st 6s m 1 '11 A-O
266
Penn & Md Steel con Os.
Bait Trac Ist 58. .'29 M.N
Pa & N Y Can 7s '06. J-D 106
No Bait Div 5s 1942 J-D
Con 5s 1939
A-O 110%
Convertible 58. '06 M.N
98
49
Con 4s 1939
A-O
Cent'l Ky oon58l932 M.N
314
Penn Steel 1st 5s '17 M-N 10434
Ext<fc Imp 58.1932 M-S
People's Tr tr certs 4s '43 10218
y Co lst<fe col tr 5s'49 M-S 110 I11034 Chas City Ky 1st 58 '23 J-J
86
tone Telephone ..50
ferred
50
irothers
Gen M 4s g 1920.. A&O 104
Ph Read 2d 5s '33. A-O 126
Con
105 14
iieJ'ne
I4 J'ne
'
<fe
<fe
48%
Che & D Can Ist 5s '16 J-J
Choc & Me Ist 5s 1949 J-J 109%
Ch Ok & G gen 5s '19 J-J 106% 107
Nov
Jan
igNov 9«ieJan
38 Dec
4034 Jan
64 Aug 7934 Feb
34% Nov 4578 Jan
l%Sep
4 Jan
17^4
Mid
Mid
Ask
BALTIMOltE
PHliiADELiPHIA
PhU Elec gold trust ctfs. 101 101 14 Chas Ry G & El 5s '99 M-S 76
Charl C A ext 5s. '09 J-J 112
Trust certtts 4s
64% 65
1910 A-O 105
2d 7s
P& E genM 5 g'20.A-O 116
Bethle Steel 68 1998. Q-F
Col St
RR
50 li',228 '583^ Jau"6 "61% Jan 27
Philadelp'a Co (Pitisb) 50 2,558 3934 Jan 12 43 Jan 22
Philadelphia Electric. 23 1,520
5 78 Jau 5
69ieJanl3
Phila Rapid Transit ... 50 1,535
8 Jan 6 tl5i4Jan21
Reading
50 26,482 217i6Feb 5 24 Jan 25
311 38i4Jan 2 40*16 Jan 27
Do lat pref
50
200 297i8Feb 5 81 Jan 22
Do 2dpref
50
Union Tracton
50 2,979 4534 Jau 2 48 Jan 23
United Gas Impt
50 2,680 85 Jau 4 8934 Jan 22
WelsbachCo
100
Pennsylvania
Ask
ext 7a 1910 A-O 117
AniRysconv58 1911. J-D 100% 101
10
50
lean Railways. ..50
Telephone
50
iria Iron
50
al Coal <fe Coke.lOO
ferred
100
)lTrac Pitta
50
ferred
50
ille Bessemer... 1%
Con
6
1434
22ii8
87 la
31
41
*2934
4714
*30
6512
*36
sgsia'eo"
2258 221316
^19^39^^: *3934 40^2
31>4
4734
II4
412
lis
•414
4^2
651a
37
38ia
•30
31
471a 4712
86
861a
40 12
IILADELPHIA
)n
6i«
1434
414
6512
*36
'igi^'igi^
Jan
Jan
1034
20
8
Do
"ig^'igi^ "l9ii"r9i^ "l9i^"l93^
Iha 13ie
Iha l^ie
»ie IHa
971a
102
Philadelphia
American
70I2
I6I4
68
10618 Mar'03
10238 10238
10138 lOlSg
M-N
J.J
J-J
J-J
93I3
85I4
107=8 10759
10134 10134
12134 122
Jan'04
9V4Sep'03
J-J
F-A
'04
I6I4
F-A
J-D
F-A
J-J
J-J
118
11434 Oct '03
69
A-O
J-J
83
Jan
97
Week
100
50
100
100
Do
104
96
128
117
92
83
104
93V2
107«8Jaii'04
10134 10134
122 Jan '04
102 J'ne'03
J'ly
J'ly
J-J
J.J
110
lis
1171^
9319
83
107 12
IOII2IO2
J-J
Shares
Seaboard Air Line
17
Jan ''04
Jan '04
Jan '04
997gJan'U4
100 12
A-O
A-O
A-O
Sales
the
Stocks see below)
Baltimore
*59
61
61 Consolidated Gas
9212 '901a 91% Northern Central
*16»8
•8
110
9979 997a
109'4 110
of
Inacti^ve
High yo Low Bigh
IjOW
96
97
128
Exchanges— Stock Record,
ACTIVE STOCKS
Thursday
*59
*91
9
1914
Gold 4iaa
1916
Gold debenture 4s
Gold 4s
1917
Western Teleph <fe Tel 58.1932
Wisconsin Cent Ist gen 481949
Wisconsin Valley lat 78. .1909
January 1
97
128
M-N
M-S
Vermont <fe Maes 58....-...1903 M-N
West End Street Ry g 58.. 1902 M-N
aU Boston Bonds.
Share Prices Hot Per Centum Prices
ixday
n.30
1905
1924
Old Colony gold 4s
Oreg Ry & Nav con g 48.. 1946
1922
Oreg Sh Line Ist g 6s
Repub Valley Ist a f 68.. .1919
Rutland 1st 6s
1902
Rutland-Canadian Ist 4sl949
Savannah Elec 1st cons 58.1 952
Seattle Elec 1st g 5s
1930
1918
Torrington Ist g 58
1
48.1947
Union Pao RR <fe gr g
...1911
1st lien conv 48
United Fruitconvgen5s.l911
Since
5,
96
Ist 6s
92 12
Ask
O
96
NY&NEngl8t78."'.IIIa905 J-J
92
M-N 100
<fe
..1915
5s
Dec '02
Jan '04
92
6a.
-^4
9818 Dec'03
92
Last Sale
A-O
92
A-O
A-O
J-D 110
F-A
1906 A-O
1907 A-O
1908 A-O
6s
10414 104
9934 100
100
Eange or
Feb 6
M-N 117iall8
M-S
931a 96
Marl934 Spl
Br let 5sl929 A-O
Income 58
Kan C <fe M Ry &
Kan C St Jo <fe C B Ist 7s. .1907
LRifcFtSmldgrl8t78...1905
Maine Cent cons 1st 78. ..1912
1912
Cons 1st 4s
Marq Hough & Ont Ist 6s.l925
Mexican Central cons 4s. .1911
Jan 1939
1st cons inc 38
Jan 1939
'_'d cons inc 3s
Mich Telep cons 68 tr rec.1929
Minne Gen Elec con g 58 1929
New Eng Cot Yarn 5a 1929
Feb '03
J-J
Hange
Week's
Friday
Sid
1910
deben 5s
Non-convert deben 5s. ..1913
laFaUs&SiouxC lst78..1917
Kan C Clin & Spr 1st 5s... 1925
Kau C Ft S t& Gull 1st 78.. 1908
Kan C Ft Scott tfe M6S....1928
1934
Kan C & B gen 4s
Illinois Steel
M
117
117
Dec'03
102
113
102
99
100
101
99
M-N 130
W Mich
gen 5s. ...1921 J-D
Mont cons 4s. .1920 -D
ord
11
Price
Jfiijh
98
93
101 Mar'03
112% Jan '03
113 Feb '03
A-0
J-J
J-J
January 1
9978 Jan '02
J-J
J-J
J-J
J-J
J-J
A-O
4
9338
98 14
9834
69 Jan '04
104 12 Apr '00
117
117
9834 Sale
881a 90
J-D 114
g48..Mayl920 Q-F
81
Ist
98 'e
BONDS
BOSTON STOCK EXCH'GE
Week Ending Feb 5
II312 Feb '03
F-A
M-N
F-A
extend 4s. 1905
1919
ra Div 1st 5s
1919
raDiT 1st 4s
1913
Oenture 58
1922
QverExt«n4s
1927
braska Exten 4a
1921
b SW8£4s
noi8Div3i28
1949
nt bonds See Gt Northern
JcRyife Stk Yds 58. 1915
1 trust refunding g4sl940
ilcfc StPDubD 68..1920
:& St P Wis V div 6sl920
& No Mich Ist gu 53.1931
Burl
9:i
J-D
J-J
Lowell 48
& Maine 412S
a; 05
Siqh No Low
Lo%o
9818
9812
Sale
98
93
M-S
A-O
Nov
1907
1944
1905
provement 4s
& Mon 3d issue 78... 1904
on Terminal Ist 312S. 1947
UnGaslst5strrects-1939
1939
5s trust receipts
&MoRivex6s
1918
1918
n-exempt 68
1910
king fund 4s
e & Boston 1st 6s.. ..1917
r Rap <fe Mo R 1st 78.1916
1909
7s
on
Last Sale
Ask
Bid
J-J
J-J
BeU Telephone 48. ...1908
relepcfc Tel coUtr 48.1929
.<$! Nebraska Ist 78.. 1908
iTop<$5SFegeng4s..l99o
J'ly 1995
iustment g 48
on<fe
579
Boston Bond Record.
1904.]
6,
Duck
Cot
Ist os.
Incomes
. .
236
-
5%
2
33
45
98
66
5%
214
39
93% 94
107% 108%
93%
9314
110 'i 111%
83
85
Norfolk
.St
lat 5s '44. .J-J
94
109%
10934
11034 11114
10234 I03I4
1053j lOG'a
11934
ir.
114
4S% 4S%
24% 24^
100% 102
117
115
61
10
109% NptN<feOPl8t5s'38M.N
General 58.. ..1941 M-S
109
225
40
95
60
92
113
63
15
100
85
106
North Ceut4%s 1925 A-O 108
J-J
68 1904
J-J
Series
5s 1926
Series B 5s 1926.... J-J
Pitt Uu Trac 58 1997. J-J
Poto Val 1st 5s 1941.. J-J
Sec At T(Pitta) OS '34 J-D
Sav Fla .fewest 5s '34 A-O
Seaboard L 4s 1950 A-O
Scab & Roan 58 1926. J-J
South Bound Ist 58. .A-O
A
A
101
IOII4
118
118
IIOS4
110
112
112%
6s: %
69
110
106
107
85
9134 92
UEl L& P 1st 4%8'29 M-N
Un Ky& El lat 43 '49 M-S
83
3d series 68 1916. -M-S
4th 8er3-4-5s 1921. M-S
110
oOij 50%
J-D
Income 48 1949
106%
121% 122% Va Mid Ist 6a 1906. .M-S 105 14
112%
114
..M-S
2d
series
6s
1911.
110%
113
112
116
101*8 IOIO4
118
113
103
5th series 5s 1926. M-S
(State) Ss new '32. J-J
Fund debt 2-38 1991. J-J
West C con 68 1914 J-J
Va
N
WesVa C&P 1st 6g'l 1 J-J
Wll & Weld 58. .1935. J-J
113
111
94
9434
94% 96 Vt
II414 II6I4
1093« 1101*
115
I16>a
.
.
.
...
.
.
THE CHRONICLE.
580
i
luucstmcut and ^Jailtoad
"
Vol. lxxviu.
|vxtelligeuce.
""^
J^^LROAD G^OSS EARNINGS.
The foUowinp; table shows the ,c:ross earnings of every Steiam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of ligures give the gross earnings for the latest week or mouth, and the last two
columns the earnings for the period from .Italy I to and including such latest week or month.
37<t' return:^ of the street railways are brought together separatelij on a aubsequent page.
Latest Gross
KOADS
or
Munth
harnings
July
Vurreni
J'rfvtoiu
i'tar
i'ear
56,073
46.763
1
to Latest
Vurreni
Year
Date
JYCVlOUi
year
Latest Oross
BOADS
Week
or
Lamlngn
Ourrenl
Year
Month
III
V
\
to
t^evious
Year
Ourrenl
Year
9,610
24,844
6,756
20,076
425,852
089,947
108,800
18,027
4,141
10.224
72,022
115,088
465,674
1,399,000
42,000
1,441,000
5,079
138.020
288,947
269,252
13,394
3,729
6,202,785
600,163
254,136
1,648,647
b03,940
3,759.165
80,952
16,006
451,525
9,529,375
3,600
272,132
1,066,303
694,442
3,325
1,951,733
37,832
197,283
40,300
109,628
13,896,754
3,371,273
2,926,500
669.125
27,402
822,306
1,809,782
4,378,018
11,134,272
25,468,932
1,107,000
26,575,932
227,111
4,297,014
6,901,559
6,288,119
112,392
17,031
41,209,419
8,466,634
1,268,660
11,383,330
5,270,154
26,516,880
822,774
111,111
2,666,543
62,471,118
4
AlaGt Southern 8d wk Jan
Ala
NO*
lex 11.-
VIokeb 8U & 1 December.
Allegheuy Valley Xovember.
Anu Art>or
3d wk Jan
AU'U Toil & S Fe December.
Atlanta <& Blrm. .\UgU8t. ..
Atlauta & Char. Novembei
Atl Knoxv A No December.
Atlantic «fc Blr. a December.
Atl Coast Line.
December,
Bait A: Ann SL.. November,
Bait & Ohio
December.
Total System,
Oec'ber. e.
Bangor <fe Aroosi December,
BatU&Ham'dsp'; s<eptember
Bellofoute Cent* December.
Brirtitt &. Saco R November
Bull Roch& Piiti 4th wk Jan
Burtalo iSusq.. December.
Canadian NortU. 2d wk Jan
Canadian Paolilc 4:thwk Jan
Ceut'l of Georgia
Ceut'lofN Jersey
Central Paoitic
Cliattan SoutU'u.
Chesap
& Oliio.
Chic & Alton Ry.
CliioGt Western.
Clilo
Cliio
Ind &Li'7...
Milw & 8t P
Cliic& North W'd
Chic St P
&O
M
Chic Term Tr RK
Cln N O & T Pac
CI Cin Ch & St L
Peoria &East'ii
Colorado & South
Col Newb & L<au.
1,478,354
naclllc.
N O & NoKast. December
Ala * Vlckeb'c December.
Caue Belt
1,725,229
214,673
131,81V
139,992
Inc.
191,747 1,253,534 1,109.093
642,050
566,597
114,681
62-i,099
727,010
116,700
Inc.
384,262
20,265
32,047 1,132,847 1,064.205
3,539,&66 35,812,269 31,695,052
34,414
45,450
18,480
264,899 1,428,566 1,344,877
870,288
349,238
54,650
28.453
6.035,716
24,344
306,092
54,110
59,96S
1,872,388 1,638,815 9,677.108
67.562
9,36s
13.069
5,189,279 4,951,813 34,415,551
5,448,566 5,270,932 36,808,829
986,619
138,662 124,992
9.334
3,312
3,291
36,946
5,682
4,639
20,848
3,867
4,346
140,002 180.736 4,514,268
519,736
86,298
86.750
50,300
35,600 1,827,800
802,000 944,000 27,802,487
41,295
16,017
24.630
September
3d wk Jan 184,010 187,990 5,466,726
11,139,615
December 1,754,830 1,966,069
Noveoiber. 1,974.157 1,935,917 10,435,249
63.442
2.260
2,393
3d wk Jan
December 1,578,929 1,445,157 9,649,563
December. 948,505 848,778 6.077,717
ithwk Jan 203,317 219,498 5,057,658
86,273
84,183 3.056,776
3d wk Jan
December 4.168,00" 3,903,803 26.203.658
December. 4,214,381 3,787,991 29,227,288
December 1.055.514 972.740 6,458,251
940,678
32,650
44,765
4th wk Jan
3d wk Jan 110,593 101,229 3,747,152
December. 1,697,237 1,701,943 11,070,132
December. 263,968 263,257 1.646,016
99,872 144,025 3,686,375
4th wk Jan
94,440
18,603
16,319
November.
240,627
42,035
26,684
November.
42,100
5,389
December.
4,977
116,834
17,009
17,5^7
November.
December. 193,197 162,227 1,141,445
9,26i',759
49,559
31,681,566
34,107,039
865,305
8,781
29,912
22,339
4,299,636
505,384
1,200,100
25,663,358
58,807
5,227,405
«,557,387
9,791,024
66,934
7,589,794
5,186,855
4,575,745
2,765,103
25,177,968
25,511,026
6,502,321
1,016,122
3,207,423
10,263,109
1,419,380
3.677,151
77.694
156,005
48.157
110,664
717,001
Copper Range....
Cornwall
Cornwall & Leh
Cumberl'd Valley
Denv. & Rio Gr. / 4thwk Jan 893,700 458,300 10,199,077 10,622,097
Rio Gr. West. {
425,760
490,403
82,583
78,236
Det& Mackinac. December,
911,534
843,318
25,673
82,136
Detroit Southern. 3d wk Jan
40,278
88,611 1,505,928 1,549,868
DulSoSh&Atl.. 3d wk Jan
22,087,348
Erie
December. 3,412,611 3,867,873 23,846,772
170,167
170,046
6,868
8,547
Evansv & Indian 3d wk Nov
35,955
43,436 1,085,458 1,027,319
EvansViSc TH.. 4thwk Jan
20,124
15,945
3,318
2,196
F'rchUd&N'r'e'n December.
39,391
6,320
40,447
6,929
Farmv & Powhal December.
237,136 223,593 1,274,931 1,146,117
Ft
<fe Denv City November.
211,891 202,547 1,250,390 1,183,824
Georgia RR
December
769,914
858,067
Ga South & Fla.. December. 163,819 145,6S7
121,520
166,928
32,373
23,309
Gila ValGd; N.. November.
Gr Trunk System 4th wk Jan 648,325 870,067 21,025,874 19,329,142
92,463
GrT^. West'u. '2d wk Jan
99,067 3,006,304 2,594,642
DetGrH&M.. 2d wk Jan 27,924 19,792 747,609 675,731
Great Northern.. December. 3,061.781 3,207.036 22,951,287 22,775,199
Montana Cent'J December. 208,782 189,352 1,082,098 1,027,125
Total system. December. 3,270,563 3,396.388 24,033,385 23,80i:,324
950,266
GuLf&ShipIsland 3d wk Jan
33,531
85,522 1,050,035
Hocking Valley.. ithwk Jan
83,043 111,703 3,611,338 3,416,843
Hou8 & Tex Cent November. 688,934 488,121 2,513,898 2,416,518
885,257
362,881
W.Texas i!Jov ember.
85,735
91,299
87,329
105,662
20,881
23,043
Hous & Shrevep't November.
Illinois Central.. December. 3,814,064 3,787,102 24,040.296 22,056,985
106,238
80,279
Illinois Southern December.
12,580
21,690
851,573
750,027
Ind LU& Iowa... December. 132,874 161,420
Int & Qt North'ii Ithwk Jan 182,332 207,727 3,752,210 3,490,676
tliiteroo(Mex)... ^-Vk Jan 16
118,600
95,790 3,000,100 2,752,870
Iowa Central
59,947
72,891 1,397,240 1,470,583
4thwk Jan
Kanawha & Mich 4thwk Jan
976,102
621,960
25,046
33,262
Kan City South'u December. 602,426 618,195 8,286,311 3,067,724
LakeErie&Westn December. 429,010 413,475 2,761,501 2,460,573
Lehigh Val RR.. December. 2,251,849 2,483,156 15,256,164 10,977,029
Lexing & East'n. December.
276,582
43,734
850,776
81,243
Inc. 305 ,862
Long Island
Inc. 3 8,616
November.
Louisiana & Ark. December.
312,888
242,988
48,039
40,472
Lou Hend & 8t L. July
72,303
68,815
72,303
68,815
Louisv <te Nashv 4th wk Jan 954,265 1,060,857 21,906.124 20,648,947
Macon & Blrm.. December.
73,442
80,194
12,994
12,200
.
W
H&E
Man'tee&Ur.Ka November.
Manls & No East December.
December.
Manlfltique
Maryl'd & Penn. December.
wk Jan
t Mexican Cent'l.t 31
t Mexican litem. December.
Wk Jan 10
i Mexican Ry
{Mexican South' 2d wk Jan
Mlllen & So'w'n. December.
Mineral Range.. 3d wk Jan
Minneap it 8t L. 4th wk Jan
M8tP&8 StM. 3<1 wk Jan
Mo Kan & Texa> 4th wk Jan
Mo Pac & Iron Mt 4thwk Jan
Central Branch 4thwk Jan
4th wk Jan
Total
Mob Jack & K C. Wk Jan 23
Mobile & Ohio... 3d wk Jan
NashCh<fe StL.. 4thwk Jan
tNat'lRRof Mex 4thwk Jan
Nev-Cal-Oregon December.
Nevada Central. November.
N Y C & Hud Riv December.
N Y Out & West. December.
N Y Susq & West December.
Norfolk & Weat'ii December.
Northern Central December.
North'n Pacific. December.
Nor Shore iCal).. December.
Ohio Riv& West.. December.
Pacitic Coast Co. November.
ePenn—EastP&E December.
eWestP&E.... December.
Pere Marquette tr 4th wk Jan
PhilaBalt&W'sh December.
November.
Phlla & Erie
II
Pine Blf Ark
Pittsb
CC&
R October...
St L Det;ember,
.
Raleigh & Fear December,
Reading Railway December,
Ooal&IrCo
December.
December.
Vovember.
November,
3d wk Jan
December.
December.
St Jos&GrI
StL&SanFranfii December.
St L South west.. 4th wk Jan
StLVan&TH.. December,
San Fran <teNP.. December
Seaboard Air L.. 3d wk Jan
Southern Ind
December.
SoPaoifloGoft... December.
Central Pacific. November.
Gal Har & S A. November.
Gal Hous & No November.
GullWT&P.. November.
November.
Louis'a West.
Morgan's L & T November.
N YT&Mex .. November.
Oregon & Calil. November.
So Pac Coast.... November.
So Pac RRCo.. November.
So PacSS.Llnes November.
November.
Tex&NOrl
Southern Railw'y 4ihwk Jan
TerreH &Ind... December,
TerreH & Peor.. December.
3d wk Jan
Texas Central
Texas & Pacific. 3d wk Jan
TexS
W .. December.
Tift Thom& Gulf November.
Tol <fe Ohio Cent 4thwk Jan
TolP .fewest.... 3d wk Jau
Total Both Cos
Rich Fr'ksb & P
Rio Grande Jet..
Rio Grande So...
Rook Isl'dSyst'm
.
.
. .
V&N
4thwk Jan
TolStL&W
Tor Ham &Butt. Istwk Jan
Un Pac System December.
Virginia & So W'n December.
..
4thwk J an
Wabash
W Jersey & Sea'e December.
4th wk an
Wheel & LE
/J
Wm'sport&N.Br.' November,
Wisconsin Cent..
4th wk Jan
Wrlghtsv&T'n.. December.
Yazoo & Miss. V. December.
Latest Dat^
Year
*
5,802
41,803
5.792
22,118
513,539
597,362
53,660
161,360
63,303
156,671
12.074.722
3,432,447
112,700
2,821,000
24,600
607,361
6,124
24,673
11,787
807,423
57,676
2,118,810
119,534
4,301,298
497,625
10,672,814
1,165,000
23,165,824
46,000
727.100
1,231,000
23,892,924
8,464
182,688
133,788
4,001,954
293,682
5,425,139
271.133
8,629,170
14,354
110,883
8,397
18,861
6,443,525
38,905,782
467,380
2,692,698
228,001
994,687
1,826,154
10,038,665
824,240
4,364,254
3,782,625
25,819,068
37,179
281,236
17.425
100,784
450,017
2,508,477
9,223,175
59,243,418
Dec. 32
/nc. 1.98 0,100
226,256
6,822,844 6,462.166
1,126,203
7,025,938 6,545,433
3,607,324 2,817,201
620,166
10,330
3,288
10,012
1,872,156
12,718,976 11,720,343
27,288
4,078
2,787,531 2,861,119 17,663,968 13,845,945
2.906,794 2,901,359 15,720,950 6,416,895
5,694,325 5,762,478 83,884,918 20,262,844
558,249
105,518
98,659
468,591
45,428
276,692
264,634
50,634
9,042
266.267
332,699
8,545
3,831,582 3,866,956 24,967,926 23,606,498
132,638
691,297
665,753
103,231
3,118,868 2,723,581 18,842,356 16,194,603
242,908 210,454 4,751,236 4,458,160
186.468 190,461 1,260,343 1,181,009
103,924
92,868
764,257
718,594
251,977 280,466 7,156,392 6,901,413
72,294
672.562
107,850
448.583
8,625,773 7,972,286 49,761,561 45.983,513
1,974,157 1,935,917 10,435,249 9,791,024
630,289 569,583 2,945,237 2,763,324
631,382
114,756 121,018
480,446
12,757
13,719
72,781
80,834
812,276
169,220 163,904
835,972
496,121 476,756 2,003,663 1,984,352
44,006
21.5,698
205,856
47,874
878.583 846,586 1,896,612 1,711,419
534,260 ^ 451,149
65,843
79,781
2,767,606 2,694,506 14,009,066 l!&,610,88li
2,370,290
585,186
309,722 266,376 1,631,239 1,863,437
1,198,478 1,194,715 26,702,717 24,823,128
161,146 156,257 1,080,316
946,484
54,050
329,750
304,562
60,228
12,23s
479,413
14,941
873,586
240,134 224.646 7.137,735 6,700,116
15,800
83,484
83,100
14,900
14,868
82,300
75,969
17,387
77,201 2,228,371 1,849,933
61,252
743,514
686,888
25,429
80,909
85,341 1,903,044 1,852,406
65,866
242,871
8,331
320,457
11,262
4,956,338 4,071,390 29,991,386 26,564,721
341,490
294,073
41,665
44,903
564,042 561,176 14,038,188 12,518,037
243,974 223,374 2,535,706 2,316,106
65,940 108,329 2,638,435 2,437,733
81,628
77,284
11,522
13,887
158,500 153,354 3,925,863 8,874,000
94.751
16,749
90,379
16,731
821,888 769,952 4,004,384 3,819,641
VARIOUS FISCAL YEARS.
ROADS
Gross Earnings
Allegheny VaUey
Jan. 1 to Nov. 30
Atlauta & Charl Air lane. Apr. 1 to Nov. 30
Belief on te Central
Jan. 1 to Deo. 31
Can adlan N orthern.
Jan. 1 to Jan. 14
Chicago & North Western. June 1 to Deo. 81
Chic St P Minn & Omaha.. Jan. 1 to Dec. 31
Cmnberland VaUey
Jan. 1 to Dec. 31
International & Gt North'n Jan. 1 to Jan. 31
Lake Erie & Western
Jan. 1 to Dec. 31
Manistee & North Eastern Jan. 1 to Dec. 31
Manl.stique
Jan. 1 to Dec. 31
Maryland & Pennsylvania Mar. 1 to Dec. 31
Missouri Pacific
Jan. 1 to Jan. 31
Central Branch
Jan. 1 to Jan. 31
TotaL
Jan. 1 to Jan. 31
JMexican Central t
Jan. 1 to Jan. 21
Mexican International
Jan. 1 to Dec. 31
.
Current Year Previous Year
Inc.
$2,192,169
74,072
99,800
34.024,017
12,055,268
2,026.249
483,679
6,209,246
335,735
69.981
272,247
8,320,000
146.000
3,466.000
1,432,704
7,091.822
$751,084
BOADS
Oross
jMexican Railway
2,021,015 JMexlcan Southern
58.365 tNational RR of Mexico...
75.900 Northern Central
29,511,394 North Shore
11,907,521 ePennsy., East of P & E...
eWestolP&E
1,274,875
tv
513,036 Pere Marquette
4,699,340 Phlla Baltimore &Wash..
337,686 Philadelphia & Erie
104,558 Pitts Cln Chic & St Louis..
246,620 Rio Grande Junction
3,480,000 St L Vandalia & Terre
104,000 Terre Haute & Indianap
8,584,000 Terre Haute & Peoria
1,292,931 Texas & Pacific
6.543,161 West Jersey & Seashore.
H
.
.
.
Jan.
Apr.
Jan.
Jan.
£amings
Ito Jan. 16
Current Year Previous Year
$260,6(10
Ito Jan. 31
$258,200
822.030
877,262
31
10,310,2'J8
8,456,8'l8
1 to Jan. 14
1 to Dec.
Mar. Ito Dec.
Jan. 1 to Doc.
Jan. 1 to Dec.
Jau. Ito Jau.
31
31
31
31
Jan. 1 to l>ec. 31
Jau. 1 to Nov. 30
Jan. 1 to Deo.
Dec. 1 to Nov.
Nov. Ito Dec.
Nov. 1 to Dec.
Nov. 1 to Dec.
Jau. 1 to Jau.
Jan. Ito Dec.
31
3lt
31
31
31
21
31
763.336
767,006
474,601
565.777
122,626.394 112,663,294
64,853,606 59,660.006
801.353
773,626
12,396.649
13.649,749
5,835,622
7.213,326
22,359.716
24,599.821
573.120
593,366
377,377
385,513
307,425
326,103
99,490
103,547
681,888
720.929
4.260.458
3.393.858
trans-Missouri lines
Kesults on Monterey <fc Mexican Gulf are Included from Mai'oh J, ia02.
1| Includes
i Mexican currency.
In 1903, making length of road on which earnings are reported 7,357 in 1903, agamsc 5,876 miles in 1902.
b Includes the Houst. it
Tex. Cent, and its subsid. lines in both years and for both periods.
Chicago & EasieTii
j/ Includes the
e Covers lines directly onerated.
,'*^^1"
Illinois in both years.
< Including Sa v. Flor. «fe West, and also Florida Southern and Sanfo"rd<fe 8t. Petersburg Rys. in both years.
* Approximate for June.
eludes Lake Erie
Det. Rlv. Ry. from Jan. 1 both years.
2 Includes earuinws of Valley RR. of Va., Ohio <k
Little KauAwha, Olev. Term.
Val., Clev. Lor.
Wheeling, Ravenswood Spencer & G. and Ripley & Mill Creek, not wholly own-d, but
GcAt eaidTnUnUt
CO itroUcil and operated by the B. & O.
a These figures are for the consolidated company, Inoludlnfc Tlfton Thosv.
f
&
Nortueasterr
&
&
&
Feb.
6,
Latest
THE CHRONICLE.
1904.]
(j^ross
— Gross Earnings. —
Earnings by Weeks.—In the table whioh
follows we sum up separately the earnings for the fonrth
The table oovers 29 roads and shows
week of January,
10*89 per oent decrease in the aggregate over the
week of January.
ObloaKO Great Western.
Chlo. Term. Transfer
Colorado & Southern
Deover & Rio Grande *..
Evans. & Terre Haute.
.
.....')
Grand Tmnk
Grand Trnnk West .. >
Det.Gd. Hav. A MUw. 5
FTooklne Vallev
&
.....
Great Northern..
Kanawna &
Miotiiican. .
LoolBTille
NastivUle
&
.
& 8t. Louis.
KansaB & Texas
Hlnneapolis
Mo.
Uo. Paomo
Iron MX....
Central Braaoh.
.....
Nashv. Cbat. & St. LK)nl8.
National KB. of Mexico.
Pare Maronettet....
..
8t. Lionls Boath western..
&.
Sontbem RaU way
foledo
<te
Oliio Central..
& West
Wheeling A Lak e Erie.
Tol. St. L.
Wabaali
..................
.
WlBOonaln Central
1903.
1904.
increcue.
$
144,035
458.300
43,436
648,326
870,06'
221,742
83.043
182,332
59,947
25.016
954.265
57,676
497,625
1,185,000
46.000
293,682
271.133
226.258
242,903
1,198,478
61,252
65,866
564,042
65,940
188,600
111.703
207,727
28,660
25,395
12,944
72,891
33.262
1,060.867
72,022
465.674
*
1,399.00C
43,000
288,94':
289,252
372,132
210,454
1,194.716
77,201
85,344
661,176
108.329
163,354
9.590,867
.
3i',96£
"iiooo
•SB*
4,735
1,881
.
'45,876
32,449
3,763
'15,949
.
19.478
"2,866
42.389
"BaVe
86,791
1.052,851
996.060
t
Includes Lake Erie
&
Total (48 roads)
Net increase 3-29
q82,970
q374,771
1903
Inereate.
9
9
8,186,028
33.531
8,464
261,877
7,889,282
35,522
8,079
482,682
230.466
21,511
8,429,000
8,160.349
9
Decrease.
9
236,936
1,991
"3,3"8'5
1904.
607.578
1903.
Decrease.
9
Gross earnings (28 roads) 26.482,891 27.320,709
238,927
loss
837,818
Per Cent.
307
on the roads reporting in
— Gross Earnings. —
Current
Previous
Tear.
Year.
Moada.
Net Ear ni))gs.
Previous
Current
Yea?:
Year
.
$
8 Atlantic <&B.By.a.Dee.
15,297
59,968
u4.tiant Coast L.a. Dec.
700,345
1,872,388 1,638,815
July Ito Dec. 3i.... 9.677,108 9,261,759 3,509,696
532,f31
2,986,021
39,186
328,281
37,649
236,671
65,400
400.900
181,982
1,172,686
1,493.227
9.607.799
433,889
2,524,640
67.746
349.763
44,057
378,304
Bnflalo&B'BQaeh.aDec.
32,215
192,416
505,3fc4
July 1 to Deo. 31....
201,7C0
95,300
Canadian Northern. Dec.
697,600
July Ito Dec. 31..- 1,728,000 1,124,200
OhiC.Gt. West'n.b Dec.
685,208
647,323
169,586
July Ito Dec. 3i.... 4,461.903 3,957,019 1,281,082
OblC. M. & St. P.a. Deo. 4,168,007 3,903,803 1,707,369
July Ito Dec 3i. ... 26,^03,658 25,177,S68 10,255.095
312.489
C31.01n.Chic.&8t.L.aDec. 1,697,237 1,701,943
July 1 to Dec. 31... .11.070,132 10,263,109 2,496,248
44.456
Peorla&Eas'n.a. Dec.
263,968
263,257
300.893
July 1 to Deo. 3i... 1,546,016 1,419,380
Oolor'do &8onth.b.Deo.
469,838
609,141 dl20,329 dll8,986
July 1 to Dec. 31... 3,273,492 8,157.844 d927,280 d793,721
42,896
30,461
193,197
Cumberland Val.b Dec.
162,227
378,701
425,294
Jan. 1 to Dec. 31... 2.026,249 1,274,875
588,706
511.183
1,237,888 1,446,503
TOen.<<tcRlo G'de.b.Dec.
July 1 to Dec. 31..., 8,988,077 9,280,397 3,543.957 3,770,808
69.437
202,265
64.772
Dul. So. Sta.&Atl.b.Dea
190,925
633,236
463,774
July 1 to Deo. 31... 1,387,536 1,430.923
1,828
3.013
1,640
FairchildA N. Kast Nov._
4,853
def.165
2.196
1,524
Month of Deo
3,318
4,869
16,946
20,124
2,728
July I to Dec. 81
Pall River Gas Works
13,610
Dec.
34,925
Co
80,664
331.447
267,433
129,899
Jam. 1 to Dea 81....
138,662
986,619
86,298
819,736
279,200
124,992
865.305
86,750
&
645,938
676.310
4,423,712 4,059,397
141,298
204,898
2,336.437 2,351,887
def.7,891
3,120
205,814
185,646
7,680
5.537
31,274
31,436
b Dec
132,638
666,763
16,651
121,645
60.493
350,712
E. Ill lb.. Dec 3,118.868 2,728,581
18,842,356 16.194,602
July 1 to Dec 31
669,190
768.787
St.Loais S'west. b. Dec
4,064,865 3.863,801
July 1 to Dec 31
107,350
72,294
Southern Indiana. bDec.
443,583
672,662
July 1 to Dec 31
iSoath. Pao.Syst.a.Dec 8.626,773 7,972.286
49,761,661 45,983,512
July 1 to Dec 31
Southern Railway Syst
Southern Ballw a Dec 3,910,617 3,531,963
July 1 to Deo. il... 23,011,384 21,320,089
620.583
665,495
Mobile & Ohlo.a. -Dec
July Ito Dec 31.... 3,925,883 3,627,006
463.106
529,597
Cln. N.O.&T P.a.Dec.
July 1 to Dec. 31... 3,429,929 2,908,465
216,203
272,557
Ala. Gt. South a.. Dec
July 1 to Dec. 31..., 1,664,201 1,342.934
153,819
145,687
Ga. South.* Fla.aDec
769.914
858,067
July 1 to Dec 31...,
14.868
17,337
Tlf t.l homas V. 4 G. bNov.
82,360
75,969
July Ito Nov 30...,
1,158,841
6,993,789
277.129
1,373,074
41.125
1.047,198
6,396.903
160,144
1,204,443
32,436
Gd.
Isl.
Chic.
&
San
108,231
691,297
Fr. (includ.
—
—
Net Earnings Monthly to Latest Dates.—The table follow
ing shows the gross and net earnings of Steam railroads
reported this week, A full detailed statement, including all
coads from whioh monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the Chboniolb of Jan. 23>
1904,
The next will appear in the issue of Feb. 20, 19C4.
—
ul360,629 nl378,543
1,626,203 1,066.303
263,150
284.050
<fe Wash.bDec.
Jan. Ito Dec 31. .13,649.749 12,396,849 4,031,221 4,160,821
Rook Island Co.a... Dec. 3.881.582 3.886,956 mll90,540ml335,003
July Ito Deo. 31. .. .24,967,926 2S,606,496in7947,846m9466,964
40,795
42,008
17,407
19,977
Bio Grande South. I Dec.
242,846
305,869
106,515
159,088
July 1 to Dec 3 1 ..
St. L. «&
of $837,818 or 3 '07 per cent.
Bangor&Aroost'kbDeo.
July Ito Deo. 31....
1,099,471 1,102,103
6,034.909 5,856,329
20,320
10,683
166,460
150,620
3S5
1,753
10,070
6,920
def.4,188
3,341
32,276
64,107
226,890
232,716
2,127,628 2,118,590
n2i22,025 n217,908
&E
July 1 to Dec. 31
268.661
....
be seen that there is a
42,376
230,752
150,193
872,419
17,765
109,b26
yl2,666
y72,715
Jul
St. Jos.
For the month of January 28 roads show as follows:
amount
q89,583
q435,252
49,865
308,289
2,206,537 2,298,? 37
1 to Dec 31. ...122,626,394 112,663,394 37,853,452 37,612,352
Dec. 323.600
Dec. 257,400
Dec
Westof Pitts.
Inc. 6,193,600
Deo. 397.800
Jan. 1 to Dec. 3l...
J
endluK Jan. 23.
Month of January.
49,679
364,163
33,506
146.087
211,614
901,319
17.420
92,870
y7,661
yb5.016
543
1,886
Phil. Bait.
1904.
p. o.).
$
Linesdirectlyoperated
JEastofPitts.&E.Dec. 9,22P.175 9,529.375
over the same week last year.
Previously rei>'a (45r'd8)
Gulf A Ship Island
Mob. Jackson & K. Cltyl
Seaboard Air Line
Year.
$
^
Pennsylvania—
Detroit
For the third week of January our final statement covers
48 roads, and shows 8 29 per cent increase in the aggregate
3d week of January.
. .
.
2i4,O0"6
Year.
def.l7
def.3,765
.
8,216
106,592
14,346
p.o.)
Includes Rio Grande Western,
River Ry. for both years.
It will
Year.
6,929
6,320
40,447
July 1 to Deo. 31 .
39,391
202.P47
211,891
Dec.
Georgia RR.a
July 1 to Dec. 31 ... 1,250,390 1,183,824
165,637
137,792
Gulf & Ship Isl. ..a.Dec.
946,256
843,869
July 1 to Deo. 31....
132,874
161.420
tnd. 111. & Iowa.a..Dec.
750,027
861.573
July Ito Dec 31 .
602,426
518.195
Kan. CJlty South a . Dec.
July 1 to Dec. 31... 3,286,311 3,067,724
51,243
Lextng'n &Ea<*t.b..Deo.
43,784
350.776
276,532
July 1 to Dec. 3i...
48,039
40,472
Louls'na& Arkan.aDec.
312,888
242.988
July 1 to Dec. 31..^
3,186,465 3,005,904
Loulsv. & Nashv.b.Deo,
July 1 to Deo. 3 ...18,863.230 17,488,195
41,803
24,344
Manistee 8s No. E.a.Dec.
385,735
337.686
Jan. 1 to Dec. 81...,
5,124
4,141
MUlen & 8outhw.a..Deo,
24,673
27,402
July 1 to Deo. Si...,
46,784
49,723
Mineral Range b. Dec.
290,219
278,498
July 1 to Deo. 31... .
831.982
513,454
M. St. P.<b S. S. M. b Dec
July Ito Dec 31... 4,034,818 3,998.565
Nash. Ch.<fe8t.l>.b..Deo. n853,219 n789,055
July 1 to Dec. 31... n6011,118 n4611,521
Norfolk* West'n. a Dec. 1,826,154 1,648,647
July 1 to Dec. 31... 11,383.330 10,038,668
824,240
803,940
Northern Central. bDeo.
Jan. 1 to Dec. 31... .10,310,248 8,456,848
37,179
30,952
North Shore (Cal.)fc Dec565,777
474,601
Mar. 1 to Deo. 31....
17,425
16.006
Ohio River <k West. Dec.
111,111
100,784
July 1 to Dec. 31
Decreate.
180,73(
944.00(
219,498
44,765
*
the
Year.
Net Earnings.
Current
Previous
Farm v. & Po wh't'n a Dec.
same week
*
40,734
142.000
16,181
12,115
44,153
64,600
7,481
9
$
140,002
802,000
203,317
32,650
99,872
393.700
35,965
8.694,807
Total (29 roads)
Net deorease (10-39
T Week
Previous
. .
Buffalo Rooh. & Plttsb'g
Canadian Paolllo
Int.
Current
$
Pioads.
last year.
4th,
581
W.Jersey
& Seash.liDec
Dec 31..,
Jan. 1 to
Wrlghtsv.A Tenn.bDec
July Ito Deo. 3i... .
243,974
4,260,458
xl6,731
X90,379
318,036
230,235
3,163,067 2,635,966
16,966,671 15,351,405
1,148,308 1,016.670
6,874.910 6,368,634
226.811
222,498
1,275,719 1,178,573
125,189
113,164
766,163
724,915
54,532
44,457
362,993
344,288
47,302
41.580
219,770
5,264
31,170
219,260
6,194
33,647
223,374 d€f.33,989 def.9.789
946,816 1,002,816
5,018
8,278
X16.749
40,812
X94,751
22,720
3,893,858
a Netaarnlngs hereglven are after dedaotlng taxes.
b Net earnings hereglven are beforedednoting taxes.
d Net, after deducting taxes, is $98,852 and $100,927 for 1903
and 1902 respectively for December, and from July 1 to Deo. 31 net
is $792,186 this year against $685,375 last year.
1 Houston * Texas Central and its anbstdiary lines are included
both for the month and for the period from July 1.
j These figures include results
Division in both years.
on the BofTalo
<fe
Allegheny Valley
m
For December after adding other income total net is $1,257,765
this year, against $1,444,837 last year. For the six months alter
adrtlDg other income total net is $3,376,058 this year, against
$10,169,3t6 last year.
Includes Paduoah & Memphis Division in both years. Expenses
for December, 1903, Include $90,927 paid for additions to property,
against $102,880 in December, 1902. From July 1 to Dea. 3i charges
include $469,560 spent for additions to property against $395,798
last year.
q Including remittances from connecting roads, total net income for
the period July 1 to Dec. 31 is $404,771 this year, against $466,262
last year.
n
s These figures are for the consolidated company, including the
Tirton ThomasvlUe & Gulf and Tifton * Northeastern.
u Including earniogs of Savannah Plorila Western in both years,
and also Florida Southern and Sanlord & 8t. Petersburg Ry. in both
A
years.
H Includes Rio Grande Western for both years.
X Includes $390 "other income" for December this year, against
$429 last year. From July 1 to Deo. 31, other income Included,
amounts to $3,573 this year, against $2,290 last year.
y Including other income, total net for December is $9,476 this
year, against $14,h32 last year. From July 1 to Dec. 31 total net is
$74,445 this year against $77,981 last year.
—
. .
THR CHRONICLE.
582
laterest Ctaar^es and iiarplm8«— The following roads, In
kddltlOD to their Kroas and net earnings given in the foregoing, also report oharges for Interest, dco,, with the surplai
kbove or defloit below those oharges.
—Currrul
lUii tals, fir.
/)(/..
.
Koads.
tlantloA Blrm.72y.Dco.
—
—lial. of .\el J-:ani'gs.—^
Current
I'refioita
Year.
I'rfvious
Year.
Year.
Year.
*
$
$
*
7,758
-37,365
•59,369
'207.318
*214,759
184.813
77,226
1,068.835 1.096,564
10.767
84,057
147,623
98,763
tl86.842
t243,445
tl.6iJ4,453 tl,886,538
7,541
12,239
Bulfalo A 8'Bqiieh..Doo.
Jaly 1 to Deo. 31
Clev.iMn.Cl».4 8t.L.Doo.
July I to Deo. 31
12.267
74,317
78,745
249,076
23.^,263
1.427.413 1,427,976
33,689
33.659
202,130
202.130
331,384
332,925
1.99S,732 1,948,519
88,641-•def.33,280'def.28,390
88.641
*6,246
53 1.850*def. 63.941
531,850
Peoria A East
Doa
July 1 to Deo. 31 ...
Dsn. A R. Or»nde. Dec.
July 1 to Dec, 31
Oal. 8o. 8b. & Atl...Dea
July 1 to Deo. 31
Fall Blver Gas Works
Deou
Oo
Jan. 1 to Deo. 31
Deo.
Gulf & Ship IbI
July 1 to Dec 31
—
—
97
997
13,513
128,902
76,886
3,768
*30,274
'35,047
14,889
*222,976
*252,600
86,266
24.543
17,833
15.673
123,752
107,000
39,037
14,269
4,632
6,051
69,070
79,547
81,450
9,696* def.13.781 *def 6,176
58,680* def.26.096 *def 3,626
67.521
72,444
180,387
20,406
117,600
17.833
Indiana 111. <^ Is.. ..Deo.
107.000
July 1 to Deo. 31
«,051
Manistee A No. E. Deo.
76.913
Jan. 1 to Deo. 3i
9,696
Mineral Kanfre
Deo.
58.709
July 1 to Deo. 31
149,581
RMhv. Chat.* St. L.Deo.
474,620
462,340
903,923
898,289
July 1 to Dec. 31
418,047
463,373
212.937
227,891
Norfolk * Weet'n....Deo.
July 1 to Deo. 31.... 1,348,845 1,272,970 8,074,867 2,786,427
12,292 def.23.716 def.9,172
15,825
North Shore (C»L).- Deo.
108,411
65,892
77.235
139,922
Mar. 1 to Deo. 31....
* def.426
*900
19,105
17.833
BloOrande South. .Dea
*48,011
*def.342
115,943
109.074
July 1 to Deo. 31
40,700
20,461
19,792 def.8,810
8t. Job. & Qr. lBl'cl..Deo.
136,330
114,382
3,443
118,202
July 1 to Deo. 8i....
. .
1
L.& San FraD.(lnolad.
Ohio. ikEast 111.). Dec.
St.
836.612
6,077,778
* Sonthern Pac.Sye.Dea <S2,584.081
July 1 to Deo. 31.... §17.199.186
4,273
Tilt. Thomasv & G Nov.
20,379
July 1 to Nov. 30
July 1 to Dec. 31
*346,92l
779,643
4,614,165
*
*309.844
2,097, 249 '2,007,133
*588,693
def.35,084
>
991
4,026
20,132
10,791
2.168
13.515
After allowing for other income received.
Houston & Texas Central and its subsidiary lines are included
oth for the month and for the period from July 1.
appropriated for betterments
i These figures include $1,071,032
and •ddltlons to properties and equipment In December, and $8,165,532 doling period from July 1 to December 31.
years.
t Includes Rio Grande Western for both
t These tlgures are after allowing for other income and f or disoount
and exchange. The sum of $10,000 18 deducted every month from
surplus and placed to credit of Renewal Fund.
*
1
Street Railway Net Earnings.—The following table gives
the returns of Stbekt railway gross and net earnings received
this weeik. The general summary which we furnish once a
month, and in which we bring together all the roads from
which monthly returns can be procured, will be given
February
27.
— Gross Earnings. —
/•
.
Cn rre n t
Year,
Year.
Year.
Year.
$
$
$
$
California Gas A; Elec277.943
Dec.
tric Corp. a
International Tract. Co.
326.464
Byntem (Buffalo) b. Deo.
July 1 to Dec. 31 ... 2,174,765
337,011
Kan. City Ry.& Lt.aDec.
2,267.432
June 1 to Dec. 31
5,767
Deo.
Ohio Cent. Tract
76,683
Mar. 1 to Dec. 3l....
129,590
309,871
1,923,690
—
Syracuse Rap Tr.bDec.
73,650
424,645
17.596
16,018
128,220
July 1 to Dec. 31
Western Ohio Ry...Nov.
Month
of
1 to
—
-Net Earnings.
Previous
Previous
Hoadg.
July
<
Current
Dec
Deo. 31....
a Net earnings here given
67,405
371,734
135,892
1,009,988
117.566
924,386
1.277
36,873
30,583
185,489
7,803
6,970
66,830
139,914
924.035
30,60168,662
are after deducting taxes.
Interesi unargea and Surplus.— The following Stbbb}
allways, in addition to their gross and net earnings given ir
'he foregoing, also report oharges for interest, &o., withthf
urplus or deficit above or below those oharges.
— Int., Rentals, etc. —
C^llfomla Gas
tric Corp
July
Previous
Current
Previous
Year.
Year.
Year.
Year.
(Buflftlo)..Dec.
1 to Deo. 31
Syracuse Rapid Tr.Dec.
July Ito Dec. 31
841
Chlcniro Peoria
St. I.oiils
CiiiL-olkliilPd (ins of
Vovlr....
V(irk Cbica«o
St. Louis....
.SIO
Host on KUn-aled Uy
Detroit United Kys
100
28i
.V
Now
A
STUKET RAU,WAYS.—
New
60,662
132.822
774,555
19,025
114,151
1,027
213,543
10,837
63,785
Annnal Reports.—The following
an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Investors' and Street Railway Supplements.
is
.
45
840
840
341
884
31, 190S.J
Genekal Results.— Our seventh year closes with the same record
of Increased pnblio patronage which has enoourageA us during previous years. The increase In operating expenseH was very largo, and
almost, but not entirely, consumed the Increased receipts. Some supplies used in openitlon have declined In price, and there may be reason to expect that the highest point in operating expenses has been
passed for the present.
Maintenance.— The condition of the property of the company has
been thoroughly maintained. Three thousaLd four hundred and seven
ties, 374 guard rails and 1,842 feet of rail have been put In place, and
many minor Improvements have been made. Twenty new cars have
been added to the equipment, and a new engine and generator of our
larger size has been Installed, thus keeping our equipment in line
with our Increase of traffic.
CuERENT Liabilities.— The current liabilities Include only Items
which were not due at the close of the year, viz
Operating expenses
for December, $74,696; reserve for taxes due In April, $73,975; construction expenses for new lines, $237,715.
:
Traffic Due to Strike.— The enormous influx of passengers, between Nov. 12 and 2f, was Important in demonstrating the capacity
of the road for handling a very large number of passengere. The
average dally number carried In Oottber (the month previous) was
85,788. Your company was suddenly called on to carry, for 14 days,
a dally average of 206,000 passengers. This great number of people
was carried, If not as comfortably as we desired, at least In safety.
Extensions —During the past seven years all necessary expenditures have been made out of earnings and the company kept free from
debt, while Its business has more than doubled, and its net earnings
Increased to over 6 per cent per annum on Its stock. The necessity
for extensions in order to meet the demands of the growing city and
the protection of the business Involves the immediate increase of the
share capital. In March last the prlvllegu was granted by the City
Council to your company to operate lines until 1938 to:
(a) The Union Stock Yards and racking houses [via 40th St.].
(b) Forty-second at. near Lake Michigan.
(c) Englewood, westward to a point between Center and Ashland
avenues.
(d) Englewood. southward to a point between 68th and 72d streets.
(e) To build a third track from 12th St. to 43d St. for express service,
reducing the running time 10 minutes.
To do this win require the building of 3'8 miles of single track and
6 8 miles of double track, practically doubling your mileage. This
work must all be completed by March 16,1907. The new lines will
extend Into as well, or better, populated territories than are now
reached. The distance between terminals are no longer than on the
present line. There will be new crosstown lines, aflording entirely new
ousiness In the rush hours, which will not come on the northern and
more crowded part of the road. Bellable estimates justify the belief
thiit the completed system will be as profitable as the present line,
with increased probbbllliles of growth and an increased certainty of
holnine business acouired.
The Englewood extensions will be consolidated with your present
lines under the t^tatute relating to railroad consolidations. The line to
the Union Stock Yards and to Lake Miohigan will b« leased to your
company perpetually, with twenty years' privilege of purchase at cost.
It will be financed by the Chicago Junction Bdlway Co. by an
issue of 4 p. 0. bonds not to exceed $2,240,000, secured on that company's property. The rest of the work must be financed by oorselves.
Kew Stock.— The directors have always unanimously favored
plans to accomplish this new work with stock and not by mortgage.
As the amount. S7, 000.000, is large. It is necessary to arrange for an
underwriters' agreement wherein it will be provldei that each stockholder who takes and pays for his new stock shall receive back from
the underwriters all the commission which the underwriters are entit ed to under this agreement, on such stock so taken by stockholders.
Such commission will be not less than $7 per share. That is to say,
each stockholder will be asked whether he will agree to take new
stock, to the extent of 70 per cent of his personal holdings, payment
to be made, say, one-third April 30, 1904; one-third April 30, 1905:
one-third April 30, 1906; each stockholder to receive, through the
underwriters' agreement, a credit equal to their commission on such
BtochhoMers' amount of stock, but not less than $7 per share. For all
stock payments negotiable receipts will be issued, bearing Interest at
the rate of 4 per cent per annum. Fall-paid stock will be Issued In ex.
change for receipts, on making the final payment. If this plan meets
with the same general approval of those whom we cannot personally
see that It has with those whom it has been our good fortune to meet,
the financing of the property will be accomplished at the least possible expense to the company.
earnings, expenses, charges, etc., are given below
:
1902.
1901.
1900.
1903.
Passengers carried.. .32,587,206 28,676,569 26,320,189 24,990,878
Passenger earnings.. $1,629,360 $1,433,823 $1,316,000 $1,249,544
Other sources
49,950
46,222
50,015
37,094
Total gross
$1,679,310
Oper. expenses—
Maintenance of way.
$64,326
Maint. of equipment.
132,848
Conducting transp'n.
422,857
Gen'i expen. & taxes.
158,161
Loop rental & ex pen.
216,184
Interest
Dividends
$1,483,843
$1,862,231
$1,286,638
$57,443
107.145
364,736
149,957
183,057
$74,498
105.280
361,620
141,202
162,360
$44,845
106,686
333,113
109,188
163,571
$862,338
$748,402
$621,505
33,750
409,124
$844,960
(501)
$517,271
33,750
357,955
$538,236
33,760
306,765
$178,681
$126,566
$197,721
$994,376
(5921)
$684,934
33,750
409,133
(45-7)
Balance, surplus.
$242,051
sheets Dec. 31
The balance
1903.
ANNUA L RE PORTS.
Ooi.. 9'>, l«i):(.)
Northern Ohio Traction 4 LlRht
Toledo Hv.». & lilKhtlntf
Toronto Riill way
United Power & Transportation ..
:
Net earnings
7,092
149,480
11,576
54,516
840
President Leslie Carter, in the annual report, eays in substance
Bond
134,365
796,445
20,246
121,705
'MX
Grand Haplds Ry. (statement of
(Report for the year ending Dee.
P.O. Of op. exp. to earns.
69,028
i
Soath Side Elevated RB., Chicago.
Total
&
ElecDeo.
International Tract. Co.
System
-Bal. of Net Eam'gs.-^
Current
$
Boads.
This index does not include reports in to-day's Chboniolb,
Stkkbt Railways.—
Railroads, Etc.—
Cent ml Union Telephone
The
bNetearningshereglven are before deducting taxes.
Vol. lxxviii.
I
showed
Materials, etc
..
Accounts reoelv'le
Due from
agents...
Current Hsseis
Cash on hand
Total
-V. "JS, p. 844.
41,416
6,686
5,627
49,446
7,720.
:
1908.
Assets—
$
$
Cost of property.. .13.350.881 12,0OB,657
92,400
92,890
Cap. stock owned..
24,921
5,142
4,967
15,621
(45-4)
Uabmtits—
1903.
1B02.
$
$
10,323,800 10, '123,800
760,000
750,000
Funded debt
183.814
Current liabilities. 386.387
60,000
65,000
Depreciation
860,006
1,087,969
Reserve
Capital stock
t<,ai4
.18,653,146 12,169,522
Total
.a2,668,U6 18,168,688
Feb.
6.
THE CHRONICLE.
1904. J
Toledo BowliD? Greea & Soathera Traction Company.
fBeport for the year ending Dec. SI, 190S.J
The company reports substantially as follows for the late
calendar year
—
$288,301
Revenae from »11 sources
$27,805 Hired power & traffic 3xp. $30,212
Maintenance
Fuel Aether power expen. 41,579 Gen. exp.,lncl. ins* taxes 16,127
1,174
55,301 Damages and legal exps..
Wages and salaries
$172,198
$116,103
Total operating expenses
Net earnings
Deduct —
Bond and current Interest
Beconstructing T. B.
Dividends paid
$73,996
3,624
22,500
& Fremont line
$100,120
$15,983
51,465
Total deductions
Surplus for year
Total surplus to Dec. 31, 1903
Comparative statements for three years follow
Earnings—
1903.
:
1902.
1901,
$246,767
$179,204
$288,301
112,712
76,274
116,103
In 1901 and 1902 the Insurance and taxes were not Included in
operating expenses. In 1903 they are included. In January, 1902,
the gap between Trombley and Mortimer was finished, adding 3 miles
to the line and operating cars through from Flndlay to Toledo. The total
length of line operated is 50 miles, of which 12 miles is over the Maumee Vy., from which the company gets but little revenue.
John Kilgour has been elected Vice-President and A. J.
Gross]
Net...
1
Becht Treasurer, succeeding Henry Burkhold,
positions.— V. 77, p. 197.
who held both
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
583
announces the decision to
offer to shareholders $7,000,000 of
stock at 135, and to authorize an additional issue of
$3,000,000 to be held in the treasury for future purposes. Of
the proceeds of the new stock, about $5,344,000 will be used
to redeem maturing bonds, about $1,600,000 to meet the
expense of standard-eranging Chateaugay RR., and the
balance of over $2,000,000 to reimburse the treasury for various improvements. A circular says in part
The bonds of the New York ACarada RR. Co. become daeapon
May 1 next. These bonds amount to $5,000,000. 8o, too. It Is neoeseary to provide for obligations Incurred to meet the expense of standard-ganging the Chateaugay RR. and for the present bonds upon
that road amounting to $344,000. These latter items amount to
new
about $2,000,000.
The board ot managers has decided, subject to the approval of the
stockholders, to Issue new stock to the amount of $7,000,000 lor the
extlngnlahment of these liabilities. This new stock will be oflered to
the present stockholders at 135, and each stockholder will have the
right to subacribe for one new share for every five shares which he
now owns. The balance of cash realized from the issae, being the
premium upon the stock, will accrue to the treasury. Within the last
three years, without counting improvements to the coal property,
which are paid from the income thereof, the company has expended
from its treasury more than $5,500,000 for new coal lands purchased,
betterments to Its railroad property and new equipment, without any
issue of securities against the same. The stockholders will be asked
to authorize the issue of $3,000,000 additional stock (making $10,000,€00 in a 1) for similar purposes in the future, if the same shall be
found necessary, which, however, 's not the case at present
There is no inconsistency between this course and policy adopted
some years ago of annually cancelling portions of the outstanding
stock from sinking fund contributions. The object of this sinking
fund is to secure application of part of the coal earnings to extinction
of the capital as depletion of the coal lands proceeds, and in this manner about 6,000 shares of stock have been heretof are purchased and
canceled. The amount to the credit of the sinking fund by reason of
the production of last year and the present year— amounting for the
two years to about |$500,000— will be available for purchasing snoh
new stock. If any, as the present stockholders may not desire.
The shareholders will vote March 7 on the proposition to
authorize the $10,000,000 new stock.- V. 78, p. 47.
—
Anthracite Coal B.oa^%.— Application Denied, AttorneyDelaware Talley Uj.—Status.— Thia company has acGeneral Cunneen, in his annual report to the Legislature, quired its road, subject to the mortgage of $190,000 of the
submitted on Feb. 1, announced that he bad decided not to former railroad company, i. e., the sale was not a foreclosbring action under the application of W. R. Hearst against ure sale, the old mortgage remaining outstanding. The road
the leading coal roads for alleged violation of the antitrust extends from Bast Stroudsburg, Fa., to Bushkill, 18 miles.
laws of the State, because the same matter is now before the The new company purposes to extend it to Saylorsburg, Pa.,
Federal authorities and proceedings are pending in the and Port Jervis, N. Y., 89 miles,— V. 78, p. 288.
United States courts. (V. 76, p. 918, 1299.) While the latter
Honston & Texas Central RB,.— Called Bonds.— Fint
are undisposed of, he says, he does not deem it neceasary or
bonds aggregating $150,000 and consolidated mortmortgage
proper to take any action, as the Federal power to deal with
aggregating $50,000 have been drawn by lot, and
bonds
gage
the subject is more adequate than that of the State. V. 78,
will be redeemed at 110 and interest March 31. See adver101.
p.
tirement on another page of to-day's Chronicle, V. 77, p.
Bnffalo Rochester & Pittsburgh Ry.—§war<erZy.— Earn- 2390.
ings for the quarter and the six months ending Deo, 81 were:
Hantingdon & Broad Top Mountain RR. & Coal Co.
Interest,
Balance,
Other
Qross
Net
3 mos. ending
Earnings.— The results for the year ending Dec. 31 compare
s rplus.
income, taxes, <£e.
earns.
earns.
Dec. 31.
—
—
1903
1902
$l,>-56,874
1,818,465
$8,882
9,883
$744,879
741.059
$404,344
365,035
$348,917
395,857
6 months—
1903
1902
—V.
$4,017,751 $1,779,896 $25,006 $812,188 $992,714
913,049
14,855
718,184
3,711,146
1,616,378
78, p. 228.
California Pacific (Electric) Ry.— See Los Angeles Interurban Ry. below.—V. 75, p. 76.
Report.—
Capital Traction Co. of Washington, D.
The earnings for the year ending Dec. 31 were:
0th. inc.
Onarges. Bal. for div.
Qrots.
tfet.
Tear—
C—
$729,928
$822,374
$21,741
$114,187
653,948
116,105
749,046
21,007
From the surplus as above were paid dividends of 5 per
cent ($600,000) in 1908, against 4 per cent ($480,000) in 1903,
leaving surplus for the year of $1^9,928 in 1903, against
$173,948 in 1903.— V. 77, p. 768.
Central Ry. & Bridge.— ^aj^ended.— The time for the deposit of bonds under the Agreement of the Otis Committee
has been extended until Feb. 15th, 1904.— V. 77, p. 88.
1903
1902
$1,413,312
1,381,038
Chattanooga (Tenn.) Electric 'Rj.—New Mortgage.—This
company has made a new mortRage to the Naehville Trust
Co., as trustee, to secure $2,CO0,000 of 5 p, c. gold bonds of
$1,000 each, dated Jan. 1, 1904, and due Jan. 1, 1924, but
subject to call as an entire issue on any interest day at 105
upon 30 days' dotice by advertisement. The interest is payable on July 1 and Jan. 1 at office of trustee. Of these bonds
11,300,000 are outstanding and |625,000 are reserved to retire
prior liens at or before maturity. 73, p, 1313.
—
Chicago Jnnction Ry.— Bonds.— Under the plan outlined
South Side Elevated RR. on page 588,
the Chicago Junction Ry. Co. is to build a line on Fortieth
Street from the Illinois Central right of way to the Stock
Yards, and to lease it practically in perpetuity to the South
in the report of the
Side Elevated. The cost of construction is estimated not to
exceed |2, 240,000, and the net rental paid by the elevated
will equal 4 per cent interest on the bonds to be issued by
the Junction Railway to cover the cost, the Elevated having
the right to purchase the line outright at cost within t?venty
years,— V. 78, p, 386.
Chicago & North Western Ry,— Called Bonds.— Five and
six per cent sinking fund bonds of 1879 to the amount of
$135,000 have been drawn for redemption, and will be paid
at the Farmers' Loan & Trust Co. at 105 and accrued interest to Feb. 1, 1904, after which date interest ceases.
Statement for calendar year 1903.— See page 543.— V. 77,
p. 508.
Delaware & Hadson Co.—New Stocfc.— This company, pursuing its long-established policy of retiring fixed obligations
and providing for capital requirements with stock issues.
as follows:
1908
Gross earnings
Net earnings
$9S4,!S32
370,808
1902
$860,246
845,606
1901
f754,6'33
324,964
—V. 78, p, 229.
Internrban Street Railway, New York City.—Dectsion.—
See Metropolitan Street Ry. below.— V. 78, p. 48.
Little Rock & Hot Springs Western RR.—Chiaranteed
Bonds OJered.— The A, (i. Edwards & Sons Brokerage Co.
of St. Louis is offering at 90 and interest a block of the
$1,140,000 first mortgage 4 p. c, gold bonds, due July, 1939,
"principal and interest guaranteed by the St, Louis Iron
Mountain & Southern Ry., which has purchased the entire
($1,140,000) capital stock." The road extends from Hot
Springs to Junction, Ark,, 53 miles. The earnings for the
Gross, $180,902; net, $84.year ending June 30, 1902, were
550; deduct, interest on bonds, $45,600; taxes, $9,515; other
charges, $14,623; balance, surplus, $14,813.— V. 70, p. 791.
Long Island RR. Guaranteed Bonds Offered.— Knhn,
Loeb& Co. offer for subscription at 99 and interest, by advertisement on another page, $10,000,000 of this company's 4 per
cent refunding mortgage gold bonds of 1903 principal payable March 1, 1949. Both principal and interest of these
bonds are unconditionally guaranteed by the Pennsylvania
RR. Co. and are payable in gold coin, without deduction for
any tax or taxes which the railroad company may be required
to pay thereon or retain under any present or future law.
The bonds are coupon bonds in denominations of $1,000
and $500, with registration provision and privilege to reEquitable
convert registered bonds into coupon bonds
Trust Co. of New York, trustee. President, W. H. Baldwin
Jr. under date of Jan. 19, 1904, writes in substance:
The refunding mortgage gold bonds are to be secured by a mortgage
on all the property of the company, subject only to sectional and the
unilled bonds outstanding, which uow amouut to a total of a little
over $26,000,000. Xh« payment of the $10,000,000 bonds now sold Is
further secured by the unconditional guaranty as to principal and interest of the Pennsylvania RR. Co. endorsed on each bond. The
authorized issue is limited to $15,000,000; of this amount $26,605,000
is reserved to take up the sectional and outstanding unlUed bonds,
further Issues of which have been abrogated.
The proceeds of the $10,000,000 bonds sold are to be applied to oorporated needs, araonc them: (a) The rwconstraotion, at joint expense
with the City of New York, of the 10 miles (if track between Bay Ridge
and the terminal of the New York Connecting RR. This route to
be used for local traffic and for a large through freight tratHo between
the Pennsylvania RR. and the New York New Haven & Hartford RR.
(b) The reconstruction of tracks on Atlantic Avenue in Brooklyn, now
in progress, at joint expense with the city,
(c) Additional freight and
:
;
;
(d) Additional
terminals; additional running tracks,
equipment for both steam and electric service, etc.
The Long Island RR., besides having a very large local traffic (which
win be greatly increased wheu the tunnels now under construction between its termini and New York City are ilDished). will form the link
between the Pennsylvania RR. and the New York New Haven &
Hartford BB. for both freight and passenger through traffic, and to
passenger
:
—
:
.
THE CHRONICLE.
584
trrm New Kii|ri«a<l terrttorr. DorlBfr tbe iMt «eT«B 7«»rs the
rere Dne> from trafBo has Increased oontinaonsly and then* ts every indieatlon hat, from the character ot the bn»ln> 8«, the tratBo an'l earnTbe oatKtanalnt; stock of
iDir* wia contlnne to iDcrease very rapMJy.
The Lk)D); loUutA KR Co. Is $1^,000,000, of which 9(3,797,000 is owued
by the PtnrsylTanla KR Co.
'Vol. lxxviii.
bonds are dated Feb. 1, 1904, are payable in gold, and are due
without option of earlier redemption; interest payable Feb. 1 and and Aug. 1. A renewal of the old story that
the Central of New England Ry. is to be acquired is thought
by some to indicate that a portion of the proceeds of the iesue
Toe eubfcription will be opened eimaltaneoasly by the will be used in connection with such acquisition.
Direction der Dit^conto Qeeellschaft in Berlin, and at its
Retrenchment. Advices from New Haven annoucce that
branches in Frankfort and Bremen, hv M. M. Warburg & to curtail expenses about 1,000 men in the roadway, bridge
Co., and by the Norddeutsche B.nnk in Himbnrg. and by the acd building departments have been discharged, and that
Swiss Bankvereln and by Von Speyr & Co. in Basle. Sub- about 3,000 workmen in the repair shops have had their
scriptions will also be received in Boston by Kidder, Pea
working day reduced from ten to nine hours.- V. 78, p. 103.
body & Co., and in Philadelphia by Sailer & Stevenson,— V.
North Shore RR., California.— Sa^e of Bonds —A.t the an78. p. 48.
nual meeting in San Francisco, Cal., on Jan, 18, the old board
Los Angeles Interurban Rj.— Merger.— The "San Fran- w^is re-elected, except that John C. Coleman Eucceeded C. A.
cisco News Bureau'' on Jan. 28 had a dispatch from Los Grow. President John Martin reported that arrangements
Angeles eaylcg 'It is annonncf d that the legal existence cf had been completed with a New York syndicate to take
the Los Angeles Traction Co. will end on Feb. 1, at which $1,500,000 of the 5 per cent bonds at par with accrued intertime the absorption of that concern by the Los Angeles In- est, but that the syndicate bad not acquired any of the stock,
terurbsn Ry. will be complete, as will also that of the Cali- the stock control remaining, as heretofore, in the hands of
fornia-Pacific Railway Co. and the Los Angeles & Q-lendale President Martin, E. J. De Sabia and Richard M H staling,
Electric Ry. Co,"'— V. 77, p. 147.
with no prospect of its passing to other parties,— V. 78, p. 103.
Los Acgeles Traction Co.— See Los Angeles Interurban
Northwestern Elevated BR. of Chicago.— iJeport.— The
Ry. above.— V. 77. p. 147.
results for the year ending Dec. 31 were:
ftBd
in 1914.
—
:
Macon & Birminghiim Ry.— JVetc Officers and Alliance, —
On Feb. 1 the operating oflacials of the G-eorgia Southern &
Florida were given the corresponding positions in the management of this road, but the two properties will, it is said,
be maintained as independent ocmpanies. The official notice
Tear.
Gross.
$1,542,039
1902.... 1.410.998
-V. 77, p. 2036.
Ottamwa
from
order of the owners of the Maooa & BlrmlDKham Railway, the
ni&iiaf;fment of that property was placed to-^ay In the hands of
William Cheoklev Shaw, who was appointed Vice-President of the
company by its President, F. M. Edwards of Bo3t-on, Slass. The followlni? appointments were made by Vice-President Shaw: O. M.
Grady, Superintendent; J. M. Cutler, General Frtight Afjeat; O. B.
Rhode*, Gereral Passenger Agent; W. F Bachinan. Auditor; Ben C.
Smith, Treasurer, and C. X. Ohappell, Cashier and Paymaster.— V. 62,
p. 1040.
extensions.
Metropolitan Street By., New York.— Decision as to
The Court of Appeals on Jan. 29 dismissed the
Transfers
appeal of James S. Letmaier from tbe judgment of the lower
courts refusing to grant a mandamus requiring the Interurban St, Ry. to issue transfers at 125th St. and 8th Ave., on
the ground that a mandamus is not the proper remedy.
Judge O'Brien, writing the opinion, says an action for a
penalty cf $50 for each refusal (see decision V. 78, p. 288,)
has generally been found to be an adequate remedy, but in
addition the Attorney- General is also authorized to act in
certain cages and the recommendations of the Railroad Commissioners, made after investigation, are enforceable by
mandamus. See V. 76, p. 1300; V. 77, p. 89.
Application Dtnied. Justice McCall of the Supreme Court
in this city recently denied the application of John F. Doyle,
a stockholder, for leave to inspect the books of the Metropjolitan Company, on the ground that he was evidently hostile to the latter's interests, and that the denial was not
captious or whimsical, as several examinations have been
made recently.— V. 78, p. 288, 48.
Missouri Pacific By. Co. iVbic*.—iThis company has sold
$6,000,000 of its 5 per cent secured notes due Feb. 10, 1906,
interest Feb. 10 and Aug. 10, Equitable Trust Co. of New
York, trustee. The notes are issued in $5,000 pieces and are
secured by the foUowicg collateral
—
—
—
COLLATBBAL FOB NOTES.
Par
Wabash
preferred str ok
Denver & Rio Grande preferred stock
do
common stock
do
St. Louis Iron Motintain & Soathern stock.
value.
$2,000,000
4,000,000
10.000.000
..
2,5u0,000
The dividends from the above shares amounted
Divid's 1 903.
$200,000
250,000
in 1903 to
1450, OCO, while the interest on the notes is $300,000,
The notes were sold to Baring, Magoun
Co,, New York,
and Kidder, Peabody
Co., Boston, who inform us that they
have resold them to investors in this city and the East and
in Ergland, France and Holland.— V. 77, p. 1747.
&
&
New York New Hayen & Hartford B.E.— Bridgeport Viaduct in Uie.—The elevated structure at Bridgeport, Conn.,
was put in me on Jan. 31. A portion of it has as yet only
two
tracks.
New Stock.—The New York Stock Exchange
has listed
$867,400 additional stockj'iccreasing the total listed to $78,The additional shares were listed, the Stock Ex016,500.
change authorities state, under authority granted several
years ago. having been issued for stocks of proprietary companies. Replying to our inquiry as to the securities exchanged, an cffieial of the company writes:
The stock issued is to be treasnry stock acquired In exchanging
leased line stocks on a basis Indicated in the leases of eaeh railroad
specifled in our application to the itook Exchange, which will not be
tiled nn til the 16th or 1 7th inet
Total issue will be $885,500, for the
purposes indicated. No mergers are contemplated at present.
The Connecticut State authorities recently approved the
company's proposition to exchange West Stockbridge RR.
stock, 139,600, I for f Harlem River
Portcheeter RR.
stock, 142,550, § for |; also to exchange its stock for
obligations of the New Haven & Derbv, viz.: |225, 000 first
mortgage 7s and $480,000 mortgage certificate 68, which were
held in the treasury on June 80, 1903.
Bond Sale.— The company has sold $5,000,000 of 10-year 4
p. c. debenture bonds to a syndicate composed of Kidder,
Peabody
Co., Estabrook & Co., R. L. Day
Co. and
Adams Co., by whom they are offered in Boston at 102 J^
and interest, large sales having been made at this figure. The
;
&
&
&
&
Charges.
$6<J»,591
&
640,400
BaV, tur,
$202,534
189,423
Light Co.— New Stock.— The
of increase of capital stock
$500,000 to $750,000, to provide for improvements and
follows:
By
$996,792
946,697
(la.) Traction
company has
Rentalt.
$124,667
116,774
Net.
1903
filed a certificate
—V. 74, p. 795.
Pennsylvania Tompany.— G'uaranfeed iVofe«.— This company has sold to Kuhn, Loeb & Co. $50,000,000 of its 4J^ p. c.
notes to run eighteen months from April 1, 1904, without
option of earlier redemption. The notes will be guaranteed
by the Pennsylvania RR. Co, Their resale is now being negotiated here and abroad. No authoritative statement was
obtainable yesterday as to the purpose of the issue. The
"Wall Street Summary," in contradiction of current report,
savs
We are able to state that the proceeds will be used largely upon tbe
company's Western lines and that the transaction has nothing to do
with the reported negotiations in proeresB for the settlement of differences with the G )Uld interests [which rumor suggested would be
accomplished by the purchase of the Western Maryland BR., ete.— £d.]
-V,
77, p. 824.
Pennsylvania BB. Guaranteed Securities.— ^ciq Long
Island RR. and Pennsylvania Company above. V. 78, p. 103.
Philadelphia Co. of Pittsburgh.- -SaZe oT Treasury Bonds,
A block of $1,000,000 consolidated 5 per cent bonds which
was issued to the treasury last summer has recently been
sold, the proceeds being applied to the payment of outstand-
—
—
ing notes.- V. 78,
p. 49.
Quebec Bridge Co.— Bonds. —The shareholders voted on
Jan. 28 to adopt the resolution approving of the bond issue
for $6,678,200 guaranteed by the Dominion Government and
the mortgage to the Royal Trust Co. of Canada, as trustee.
It was announced that Sir Adolphe Pelletierhas been named
by the Federal Government to sign the contract. Compare
V.
77, p. 1534.
—
Richmond-Washington Co.— Bonds
Sold, Nearly all of
company's $6,000,000 of outstanding collateral trust 4s of
1943 were purchased at par and interest late in 1903 by the
New York Life Insurance Co. These bonds are guaranteed
by six railroads, viz.. Pennsylvania, Atlantic Coast Line,
Southern. Chesapeake & Ohio, Seaboard Air Line and Baltithis
more
&
Ohio.
See full particulars in V.
77, p. 2391.
—
The shareholdY.) Bailway.— A^et« Stock.
ers will vote Feb. 10 on increasing the capital stock from
$5,000,000 to $5,500,000.— V. 78, p. 344.
Rochester (N.
St.
Lonis Brownsville
& Mexico
Vij.— Extensions,— li.
press dispatch reports that at a meeting of the directors on
Jan. 31 the construction of extensions to Houston and Galveston was approved, and further extension from Robbstown,
the present terminus, to San Antonio, was authorized.
About 50 miles of the road, it is reported, have been graded,
and track-laying has k)een begun. S. W. Fordyce of .St. Louis
was elected to the board to fill a vacancy, and B. F. Yoakum,
President of the 'Frisco, and T. H. West, President of tbe
St. Louis Union Trust Co., were chosen as directors to succeed J. B. Wells and F. G. Jonas, retired. The amendment
to the charter, increasing the capital stock to $3,850,000, it
is said, will be filed at once. —V. 77, p. 770, 850.
South Side Elevated BR., Chicago.— iVewj Stock.— The
shareholders will vote April 7 on a proposition to increase the
capital stock from $10,323,800 to $17,550,500, and also to
authorize the sale of the new shares. See plan in report on
page 583.— V. 78, p. 344.
Twin City Bapid Transit Co.— Report.—The results for
the year ending Dec. 81 were:
Net.
Int. <t taxes. Dividends,
Tear.
Orost.
$2,185,888
$731,041
$1,035,550
1903. ...$4,063,938
1,982,042
711,718
979,268
1902.... 3,612,211
Dividends in 1903 include 7 per cent ($310,000) on
and 5 per cent ($825,550) on the common stock.— V.
Bal., sur.
$419,297
291.062
the pref
78, p. 49.
—
Western Piciflc Kj.— Mortgage, This company has filed
a mortgage for $50,000,000 to the Bowling Green Trust Co. of
New York, as trustee, to provide for the construction and
equipment of the proposed road from Salt Lake City to
San Francisco. The mortgage is dated Sept. 1, 1903, and the
bonds are 80-year 5 per cents.—See V. 77, p. 1875.
Feb.
6,
THE CHRONICLE.
1904.]
INIIUSTBIAL. »A8 AND MI8CELLANE008.
Amalgamated Copper Co.— Decision.— The Montana Su'
585
graph company
is supposed to be between $2,000,000 and
Compare V. 77, p. 951.— V. 77, p. 2341.
American Writing: Paper Co.— Sale of Bonds of 1899.—
preme Conrt, the court of last resort in the State, on Feb. 1
mortgage bonds of 1899, aggregating f634,000, that
handed down a decision in the action of John McGinniss The first
by directors and officers of the defunct
underwritten
were
against the Boston & Montana Consolidated Copper & Silver
of Springfield, Mass., were sold in Springfield
Pynchon
Bank
in
Judge
Clancy
of
the
that
reversing
Second
Co.,
Mining
on Feb. 1 by the banks which held them as collateral for
Judicial District Court, which granted an Injanction reunderwriters to James T. Abbe, one of the
on
or
the
voting
dividends
of
stock loans of the
straining the payment of
for
syndicate,
64^, the highest bid,— V. 76, p. 540.
of the company owned by the Amalgamated Company, The
conrt
for
further
proceedcase is remanded to the lower
Cambridge (Mags.) Gas Light Co.— New S^ocfc,— Share-
ings not inconsistent with the decision.
As an earlier restraining order preventing such payment
had been continuously in force since July, 1901, the Amalgamated Company has not been permitted to receive any return
on its holdings since the last-mentioned date, which disa-
A
stipulation having also been made
now removed.
in a similar suit to enjoin the payment of dividends on the
stock of the Parrott Company, to abide the event in the
bility is
Boston
&
Montana
case, the
Amalgamated Company
is
now
free to receive dividends on its holdings in those two companies. These dividends, it is currently reported, amount to
about $3,000,000. The opinion was written in the Boston
Montana case, but the questions involved in the two actions
were identical, and the same evidence was used in both.
The opinion is voluminous, taking up 84 type- written pages,
and it is claimed upholds the contentions of the Amalgamated interests upon every point in dispute in the case. The
following, we learn from reliable sources, are the principal
points held by the Court:
The plaintiff, MoGlnniss. as private Indivldnal, has no right to main'
tain an aotlon nnder the Antl-Trnst law, seeking the appointment of a
receiver; such proceeding can only properly be brought In the name
of the Attorney-Quneral. House BUI 132, passed In 1899, which permits one corporation to hold stock In another is Oonstltational and Is
not void as against public policy, and the Amalgamated Company has
the same right to own stock as an Individual has and the same right
to vote on It, and draw dividends as an individual would have. Under the evidenod in the case It Is not shown that the Amalgamated
Company Is a trust within the meaning of the law, and has not sought
to restrain trade or restrict dealings or reduce wages.
The Constitution prohibits certain combinations and eonsolldatlons
altogether "as having a necessary tendency to restrict competition,
such as oonBolldaiion by purchase or otherwise by one railroad or
transportation company with another having a competing line, or tbe
control of a telegraph or telephone company by another competing
company. Apart from these prohibited combinations, the right of
oousolidation by corporations or associations engaged In these particular pursuits is not prohibited."
Under the laws of the State the plaintiff has fifteen days to
ask for a rehearing, but as the case has been so thoroughly,
considered, it is not thought likely that if the application
were made the result would be in any way altered.
Resignation,— WiUiSkm Scallon, who has been the chief
legal adviser of the Amalgamated Company and President of
the Anaconda Company, has handed in his resignation, because of the pressure of private matters, which will be acted
upon at the next meeting of the board. Owing to the important decisions recently made in favor of the company,
Mr. Scallon feels himself free to retire and renews his request originally made in June last.- V. 77, p. 2340.
&
.
14,000,000.
holders of record Jan. 27. 1903, have the right to subscribe
until March 10 for $80,000 new stock at |300 per share to
the extent of one share for each 10 shares held. Subscriptions are payable 50 p. c. March 10 and the remainder Aug.
10, or may be paid in full on the earlier date, receiving interDividend rate 10 p. c. per anest at 4 p. c. to Aug. 1, 1904.
num, payable semi-annually in Feb. and Aug. This will
make the outstanding stock $880,000; par of shares, $100.
No bonds or mortgage.—V. 76, p. 1251.
Chemical Bailding Co. of St. Lonls.— New Stock.— Thia
comoany recently filed a certificate of increase of capital
stock from $800,000 to $1,000,000, all paid in; assets, $1,665,See V. 77, p. 2100.
Chicago Junction Railways & Union Stock Tarda Co.—
Bonds of Subsidiary Company, See Chicago Junction
Railway under "Railroads" above.— V. 78, p. 283.
Colorado Pael & Iron Co.— Resolutions Adopted,— A^, the
adjourned meeting in Denver on Feb. 1 the shareholders
000; liabilities. $650,628.
—
adopted the resolutions suggested last November (V. 77, p.
2037) with a view to effecting a readjustment per plan since
announced (V. 77, p. 2282, 2341). An official statement says
in substance
There were 225,286 shares of stock represented out of a total of
259,320. The articles of inoorparatlon were amended by striking
therefrom the provision which forbids the company Incurring any
further debts than for the ordinary running expenses of the company.
A resolution was also adopted ratifying the transactions by which
the company ha? heretofore raised money for its requirements. All
of these matters were adopted by the unanimous vote of all the itook
represented, there being no opposition.— V. 78, p. 845, 231.
Consolidated Naval Stores Co.— Annual Meeting -DiviThe first annual meeting was held in Jacksonville,
Fla., on Jan. 19. An annual dividend of 10 p, c. was declared
for or during the year and a handsome sum was carried
to surplus. The authorized capital stock is $3,000,000, of
dend.
—
$2,400,000 is outstanding, full paid. No bonds; no
mortgages. The company's loans to customers are all secured either by mortgages or other collateral. Directors
W. C. Powell, Jacksonville; B. F. BuUard, Savannah; John R.
Young, Savannah; R B. Powell, ghjvannah; W. F. Caachman, Jack
sonvllle
H. A. McEaohern, Jacksonville
D. H. McMillan, Jackson.
viUe; H.L.Covington, Pensacola; J. B Saunders, Pensaoola J. A.
Cranford, Jacksonville
W. J. Hillman, Jacksonville C. B. Rogers
Jacksonville O. Downing, Brunswick.— V. 75, p. 1256.
which
;
;
;
;
;
;
Crucible Steel Co. of America.— Negotiations Off.— The
negotiations for the sale of the Clairton Steel Co. to the
United States Steel Corporation, which were recently reas renewed, were on Jan. 29 officially declared to
American Ice Co.— Supplemental Report. The stockhold- ported
longer pending.— V. 78, p. 105,
no
be
ers' committee, consisting of John A. Sleicher, Q. Clem
Cnyahoga Telephone Co.— Report.—The report for the
Goodrich and A. C. Nickerson, says in part, under date of
calendar year 1903 shows:
Jan. 27:
Reserves
Gross
Net
Interest
Balance,
Oal.
1. Boston Ice Depabtment.— This committee, in its report already
—
made, referred to the fact that a condition of affairs existed in the
Boston department which was not tolerable and that an effjrt was
being made to aiJjust it. That effort is still in progress with every hope,
we
are advised, that
it
will be successfully carried out prior to the an-
nual meeting on March 8.
2. Maryland Ice Company's Claim of $250,000.— A "stockhold
ers' committee" headed by John Greenough has sent out two appeals
for proxies. John Oreenough is said to have been largely responsible
for unloading on the company the property known as the Maryland
Ice Co., which almost from the day of Its acquisition caused loss to
the Amer'oan Ice Co., and which recently the latter decided to turn
back to Mr. Oreenough. The management informs us that the loss to
the American Ice Co., by holding and running the Maryland Ice Co.,
aggregates not far from $250,'jOO. On this property there is a mortgage of $250,000, In the shape of bonds, which Mr. Greenough Insists
should be paid at maturity by the American Ice Co and he demands
that they be now guaranteed. Your committee Inquired into the responsibility for these bonds and ashed for a written opinion from the
attorney of the American Ice Co., whioh opinion is herewith appended,
and which appears to be conclusive, that the mortgage was not as,
sumed by yoor company.
While the management
of the
American Ice Co. has not been en-
committee's purpose Is to preserve all that is
worthy of preservation and to eliminate that which has been harmful,
avoiding the great danger that would attend the complete upheaval
of an organization of such magnitude.
Proxies are accordingly asked for.— V. 78, p 230.
American Steel Foundries Co.— Company's Statement
The company issued on Tuesday a statement attributing the
mistake noted last week to a misunderstanding on the part of
the public accountants. ["Journal of Commerce & Commercial Bulletin" of Feb. 8.] Tne accountants, replying, lay
the responsibility for the error entirely on an official of the
company. ["New York Times" of Thursday.] The Listing
Committee of the New York Stock Exchange have exonerated the accountants. V. 78, p. 844.
tirely satisfactory, the
—
on bonds.
miscel.
ntt surp.
$21,764
$111,650
l.'i6,143
1902
38.5.852
111,650
43,951
Total surplus Dao. 31, 1903, $15,401.— V. 77, p. 851.
$46,616
year.
i<*03
earnings.
earnings.
$396,490
$180,030
<£
54Z
Gas & Electric Co.— Status — E, H, Rollins
December last, when offering a block of Denver
Consolidated Electric Co. first mortgage 6s at par and inter-
Denver
& Sons in
(Col.)
est, said:
The Denver Gas & Electric Oo. owns all the facilities for supplying
and electricity in Denver. The company has gas plants with a
capacity of 2,530,000 cubic feet and two electric plants with a combined capacity of 6,225 horsepower. The company has spent in the
past two years about $i ,000,000 on the combined property. The output of both gas and electricity has been largely increased, and the
company is selling its output at prices which do not invite competition.
The earnings are showing a substantial increase, and are
largely in excess of the Interest requirements on the entire bonded
sras
debt.-V. 77,
p. 198.
Diamond Match Co.— R<'port. —The
ending Dec. 31 were
results for the year
:
Prcv. tur
Balance.
Tear.
Net.
Dividends
$2,194,598
1903
$824,089
$1,824,089
(10) $1,500,000
1,736,919
1902..
(10) 1,500,000
457,674
1,957,674
President Barber says that the business outlook is good,
the volume increasing annually, but this was more than offset last year by the increased cost of materials and labor.
From the total profit and loss surplus at the end of the year,
"^1,518,633 has been written off for depreciation, leaving a
balance of $1,000,000,
Amendment. The stockholders on Feb. 3 voted to amend
the articles of incorporation so as to confer additional powers,
including the manufacture of sashps, doors, blinds, match-
—
making machinery, etc. — V. 78, p. 289.
American (tiell) Telephone & Telegraph Co.— Master
Doremas Aatomatic Tending Co., Jersey Cltf.— Decrease
Appointed. -Judge Colt, in the United States Circuit Court of Stock.— The capital stock has been decreased from $3,000,at Boston on Wednesday, appointed Everett W. Bnrdett as 000 to $300,000. The company was organized in 1902 to InSpecial Master to determiae the amount due to the W-^stern troduce an automatic macbiae invented by the President,
Union Telegraph Co. under the recent decision of the United Willard D. Djremus, for the selling of cigars. The "Chicago
States Circuit Court of Appeals touching the division of Inter-Ocean " of Sunday May 5, 1902, contained a long adrentals and royalties from telephones per contract which ex- vertisement offering stock at 40 cents per one dollar share.
1
pired in November, 1886. The amount payable to the tele- Office was at 135 Broadway, New York.
—
—
THE CHRONICLE.
58(i
Eastern Steamship Co.— Barningi*.— The reealts for the
calendar year 1908 compare with 19J8 as followe
:
Oroti
Set.
Ckcircts.
Surplus
fl,435.K94
1,867,718
»254.848
87,995
«69,5='B
$18^,•2><9
79.926
7,669
Tejr.
1908
1902
-V.
—
77, p. 153S.
IVOJL. L,XXVlll.
The Lumber Company has outstanding
common and 7 p. c preferred stock. The
issued $20,000,000 common and $10,000,000
$5,000,000 each of
Oil Company has
of 6 p. c. preferred
stock. Par of all shares, $100. The floating debt of the Lumber Company is $3,250,000 and of the Oil Company $2,250,000.
Deposits of Timber Certificates.
— A committee
consisting
EqnlUble Illanilnating Gas Li{;ht Co. of rhiladelphia.— of George W. Young, Chairman; Dumont Clarke, James
Output.— The statement ot gas sold Id the city of Philadel- Brown, Gerald L. Hoyt and F. S. Smlthers, with Calvert
phia for the quarter and the twelve mouths ending Dao. 31, Brewer as Secretary, No. 55 Cedar St., New York City, urges
as filed with the city authorities, compares as follows
1901.
Onbie feelofgas1902.
1903.
3 months....'.
1.778,809.980 1,795.064.370 1,091.108,900
12 months
6,486. 829.t»60 5,423,129,500 4,200,313,160
$5,423,199
$4,200,313
12 months' frroaa revenae f6.486.829
$542,312
or which olty reoelTea..
$120,031
9648,682
:
.
—V. 77. p. 2161.
Weneral Asphalt Co.— Favorable Decision. The Federal
High Court at Caracas, Venezuela, on Jan. 28. by a nnanimouB decision, held that the claim of the Warner- Qainlan
Asphalt Co. to the Felicidad mine nnder a concession made
in 1897 is null and void. The New York & Bermudez Co.
(controlled by the General Asphalt Co ) in 1898 obtained a
—
concession from the Government giving it the right for 25
years to dig and take asphalt in the State of Bermudez, and
the Court holds that while the earlier concession is in force
no valid grant can ba made. See National Asphalt Co., V.
71, p. 127:^.— V. 77, p. 518.
General Chemical Co.— iJeporf.— The report for the calendar year 1908 permits the following comparison:
Col.
year,
Ifet
profits.
.
Pref
Dirideiids void.
,
.
Common.
6%
$6O0.0()O
1903. fl, 278,702
(8%)i370.515
1902. 1.637.551
564.960
(1%) 296,412
Total enrpluB Deo. 31, 1903, $l,6i6,056.
Deprec.
Balance,
d-
flreins. res.
surplus.
$307,605
899,143
377,036
S582
the deposit of the 6 per cent timber certificates with the
United States Mortgage
Trust Co., under the terms of a
protective agreement. Brown. Shipley
Co., London, have
consented, for the convenience of European certificate holders, to receive the deposit of certificates under the agreement.
For various facts of interest compare V. 74, p. 98, 880;
V. 75, p. 138, 1353.-V. 77, p. 2101.
&
&
Knickerbocker Ice Co. of Chicago.— iZepor^-The results
were
Year.
Interest.
Net.
BaL.tur.
6p. con pre/.
for the year ending Dec. 31
1903
1902
-V.
$390,285
317,525
:
$89,613
97,512
$179,786
179,736
$110,936
40,277
77, p. 264.
Lackawanna
Steel Co.— Last Instalment Called.—The
Farmers' Loan & Trust Co. has issued a call for the payment
on or before April 1 of the fifth and last instalment of 20 per
cent on subscriptions to the capital stock.— V. 78, p. 106, 50.
Maryland Coal Co. Report. —The results for the year ending Deo. 31 were:
—
Teai
Pro/Its.
1903. ...$1,539,532
1902.... 1.096.345
—V.
Deductions.
Netproflta.
Dividends.
$738,844
807,548
$800,688
288,797
$160,199
131,928
BaL.sur.
$640,489
156,876
77. p. 2283.
Michigan State Telephone Co.—See Michigan Telephone
President Nichols attributes the decreased profits for the Co. below.—V. 78, p. 845.
year 1908 to general business conditions and to the loss of at
Michigan Telephone Co.— P/an.— The bondholders' comleast $125,000 in net earnings through the destruction by fire mittee, which represents $i,494,000 of the $4,715,000 bonds
of one of the works (since rebuilt) and through the extraor- of 1899, has prepared the following plan of reorganization,
dinary floods of last October.— V. 76, p. 657.
dated Jan. 30, 1904. N. W. Harris & Co. to act as reHoDSton Oil Co.— Receivership.— See Kirby Lumber Co. organization managers.
The Michigan State Telephone Co. [organized last week
below. A press despatch from Austin, Texas, says
The Houston Oil Co. now controls 3.600 aores of land, oltaated In under the laws of Michigan] will take over the property as
the Nacogdoches oil field. On this land It has 36 producing wells, the purchased at foreclosure sale, and will be authorized to issue:
:
production ot which runs from 50 barrels to 76 barrels daily each.
All of the wells are pumping propoiitions.— V. 77, p. 8100.
Illinois Brick Co.— JVeto President.-At the annual meeting on Feb. 1 Georee C. Prussing was elected President to
succeed Leonard H. Earland. The statement for the year
1908 shows an addition to surplus equal to over 4 per cent
on the preferred stock also that $128,800 each of the preferred and common stocks was acquired during the year,
V. 78, p. 50.
Illinois Car & Eqaipment Co.— See Southern Car &
Foundry Co. below.— V. 75, p. 668.
Kirby Lumber Co. iJeceivers. —This company, under the
terms of its contract with the Houston Oil Co., was under
obligation to pay to the Maryland Trust Co., as trustee, on
Jan, 10 last, the sum of |700,000, out of which the interest on
the $6,925,000 of guaranteed timber certificates, amounting to $207,750, which fell due Feb. 1, would have been
Instead of making this payment, the Kirby Company
paid.
tried to persuade the receiver of the trust company to accept
the amount required for interest and allow time for the payment of the remaining ?492,250. This the receiver declined
to do, and the interest was accordingly allowed to go to de;
—
fault.
On
Feb. 2, upon application of the trust company, temporary receivers were appointed by the Federal Court at New
Orleans. The trust company, however, only succeeded in
securing the appointment of one of its nominees as receiver
for each company; the Kirby Lumber Co. interests securing
the appointment of the other receivers. The receivers are:
Kirby Lumber Co.— Receivers: B. F. Bonner, Vloe-Pres. of Kirby
Lumber Co., and N. W. McLeod, lumber merchant ol Sc. Louis.
Honston Oil Co.— Receivers: F. A. Reichardt. Cashier of the Planters'
<& Mechanics' National Bank of Houston and Thomas H. Franklin of
San Antonio, Tex.
The receivership is attributed to a conflict of interests between the two companies, the Atchison Topeka
Santa Fe
San Francisoa RR, Co. The latRy, Co. and the St. Louis
ter is understood to be the holder of considerable Kirby
Lumber Co. preferred stock, its report of June 30, 1903,
showing among assets an item of $815,000, par value, ot
Kirby stock.
It is understood that at the time the receivers were appointed negotiations were under way that were expected to
lead to an adjustment of all difficulties and the complete
financing of both properties.
Tne Houston Oil Co. last fall suspended dividend payments
on its $10,000,000 preferred stock, a considerable block of
&
&
Mortgage s ver cent so-year gold bonds, without option
of redemption before maturity; trustee. Old Colony
Trust Co.; first lien except for $285,000 first 5a due
July 1, 1917; denomination $500 and $1,000, semiannual interest from Feb. 1, 1904; to be outscanding
during 1901, $4,466,000; total authorizel
$10,000,000
Of which to depositing holders of bonds ($4,494,000)
(see below)
3,595.000
Reserved for underlying mort. of Mich. Telep. Co
285,000
Reserved on account of obligations Incurred by committee for purchase of additional properties
235,000
To provide (a) $400,000
cash to pay non-deposlt-
m
Ing bondholders, costs of foreclosure, court allowances, etc.; (b) $130,000 in cash for improvemt^nts,
bet'menta and additional proper's, etc. (see below)
Reserved for future issue, of which $5,000,00i> can
only be issued to pay 75 p. c. of cost of permanent
extensions and additions provided the net earnings
for the preceding twelve months, after payment of
all operating expenses, taxes. Insurance, rentals
and maintenance charges, shall have been sufficient
to pay at least twice the Interest on all bonds outstanding as well as those proposed to be issued
Preferred stock, 6 p. o. cumulative, redeemable at
par; par of shares $100; maximum to be outstanding during 1904, $2,285,000; total authorized
Of which to depositing bondholders
Reserved (with $285,000 bonds and $254,800 common stock) on account of obligations Incurred for
additional properties
Part provision for cash requirements, as shown under
bonds above
Reserved for future use
Ootnmon stock, in $100 shares, to be held
301,000
5,634,000
$4,000,000
1,460,500
122,500
702,000
1,715,000
(In voting
voting trust certificates to be outstanding during 1904, $J, 500.000; total authorized
$16,000,000
Of which to depositing bondholders
898,800
obllg's
Reserved on account of
Incorred (see above)..
254,800
Part provision for cash reqalrements
2,34ti,400
.,
Reserved subject to control of directors
2,500,000
Voting Tbxjst.— The entire common etook will be held in a 5-year
voting truat agreement, the voting trustees being N. W. Harris of
Chicago, W. C. McMillan of Detroit, Isaac Sprague and F. A. Farrar
of Boston and Allen B. Forbes of Kew York.
trust;
maximum
The
depositing bondholders will receive
new
securities in
exchange for their holdings (and cash for the interest for
the month of January) and will have the option on or before
Feb. 20 of subscribing to new securities at office of
Harris & Co., No. 67 Milk Street, Boston, as follows:
IS'.
W.
Oash.
Bonds. Pf.stk. Oomslk.
Solder of each %\,0Q0 bond.
$4-16
Receives in exchange
$S00
$328
$800
150
60
190
Al8oifDajing$ 174 oash
Fractional amounts of new securities will be paid off in cash or
evened up by required purchases on basis In either case of 90 for
bonds and 80 for preferred stock (accompanied by an eqaal amount of
common stock) nnder the conditions named In the plan.
Earnings.-Tae earnings during the receivership from
which was owned by the Lumber Company. The Maryland
Trust Co. owns $500,000 each of common and preferred stock March 1, 1903, to Dec. 1, 1903 (9 months), and the estimate
of the Oil Company, which was valued on Jan. 14 at $412,500, of earnings for 1904, based upon earnings of September,
and holds, it is said, $375,000 additional of each as collateral 1903, after allowing $581,229 for maintenance of plant, are as
security for a note of the Oil Company for $375,000.
John H, Kirby is quoted as saying:
We resisted this action in every way we oou'.d, but now that it has
been forced upon as we shall endeavor to carry through the financial
plans temporarily Lnterrnpted by these proceedings.
The timber
estate owned by the Houston Oil Co. cannot be duplicated anywhere
In the South, and Is of great value. The manufaotaring plants of the
Kirby Lumber Co. make It the largest single producer of pine lumber
In the world. The business Is profitable and the only and sole cause
of the present trouble lies In the fact that the securities issued by the
Honston OH Co. have not been marketable.
follows:
9moa. 1903. Year 1904 (est.)
Gross earnings
$1,816,181
$1,327,761
Operating expenses and taxes (including
1,384,910
$441,617expendedformalnt. In 1903).. 1,052,178
Net earnings
$278,673
Deduct—
Interest on $4,466,000 of 5 p c. bonds
Dividend (0 p. c.) on $2,286,000 preferred stock
$431,271
etc..
$70,871
Estimated surplus applicable to exten.,
addlt's,
$228,300
137,100
Feb.
6,
THE CHRONICLE.
1904.]
Note.— An expert eetlmatee that the net
earnlnste for the year 1904
be $555,000. It Is believed that the surplua lor the year, after
will
Increase
dividend,
the sum provided for
payment of thepreferrea
betterments and Improvements in 1904 to $600,000. The $300,000
bonds to be sold to the syndicate will be delivered after the preferred
stock to be purchased by It ehall have been paid for. The compensation to the bondholders* committee and underwriting syndicate Is to
paid in common stock.
will
The company has authorized a
lar&re
nltimate capital to
meet the growing demands of the business.
There will be active in the management such prominent
Michigan men as W. C. McMillan. F. J. Hecker and T. H,
Newberry of Detroit.— V. 78, p. 845.
Milwaukee & Chicago Breweries.— .Report.— The report
for the year ending Sept. 30, 1903, shows the following results for the American company, the sales having been 856,enable
it
to
307 barrels, against 797,333 in 1901-02
Depreciation, Bond,
Fiscal
Total
year.
profits.
1902-03. ...$96&,858
1901-02.... 895,328
repairs,
etc.
$517,721
493,249
:
etc.,
interest.
$183,736
180,250
ZHtidend
Balance.
Eng. Co. surplus
*2a2,500
$21,901
204,963
16,866
to
The English company,
after distributing £21,312 (2% p.c.)
to its preferred shareholders on Sept. 15, 1903, and providing
for a further dividend of £'33,444: (2% p. c.) on the entire
stock, £18 recently reduced, had a surplus for the year of
£2,804, contrasting with £730 in 1901-02— V. 76, p. 1252.
Minneapolis General Electric Co.— Earnings.— For the
year ended Sept. 30, 1903, the grcss earnings were |546,796;
operating expenses, $306,760; net earnings, 240,C36; deduct
(fixed charges, $106,329; sinking fund charges, $30,000) $136,The company pays dividends
329; balance, surplus, $103,707.
at the rate of 6 per cent on its preferred stock. Compare V.
76, p. 334, 386.— V. 77, p. 773.
present holdings in the new bonds and 30 percent in the new
stock. Holders of the common stock would get 20 per cent
of their present holdings in the new stock. The fixed charges
would then amount to $945,000 a year, as against a cumulative charge of $1,620,666 on the present $37,011,100 of preferred stock. The controlling interests are reported to favor
this scheme.— V. 78, p. 233, i07.
United States Rubber Co.— Advance in Prices.— The company's price list for 1904, announced on Feb. 1, shows an advance of 10 p. c. over the prices of Jan. 1, 1903, and 6 p. c,
over prices recently in force. The trade figures the actual
advance as 12*92 p. c. over last year. During the same
period crude rubber has risen sharply. The company's sales
are reported as much ahead of last year, one authority estimating the increase for the year^ending March 31, 1904, at 15
V. 76, p. 1141.
p.
c—
United States Shipbuilding Co.— Modiiied Plan.—The reorganization committee, consisting of George R. Sheldon,
Chairman Charles S. Fairchild, John E. Borne, Pliny Fisk
and Charles W. Wetmore, with Wm. W. Lee, Secretary, No.
36 Wall Street, New York<^ity, presents tbe modified plan of
reorganization prepared at their request by Receiver James
Smith Jr. This plan has received the approval of Mr.
Schwab, and therefore marks the ecd of the contest between
him as holder of the 20-year Bethlahem collateral bonds and
the Sheldon committee, representing the greater part of the
first mortgage bonds.
The plan provides that the successor company, which is to
be known as the Bethlehem Steel & Shipbuilding Co., or by
some other appropriate name, shall issue
;
:
1.
—
P. C. TEN- YEAR
from a future date to be
hereafter fixed by the reorganization committee and syndicate managers, and to be secured by the pledge of all
the capital stock of the Bethlehem Steel Co. and of the
interest
subsidiary eiifctirg or new shipbuilding companies, to
whlchlatter the several properties are to be transferred
after foreclosure, free from any lien or charge, with provisions for a sinking fund of $200,000 per annum
$3,000,000
[All to be sold at 87 ^s to a syndicate or to the holders of
:
New Haren Water Co. New Stock.— The shareholders
voted on Feb. 2 to increase the capital stock from $2,500,000
to $4,000,000, to cover the cost (about $500,000) of the new
filter now under construction and to provide for other improvements.- V. 75, p. 736.
OOLLATEBAL TKUST SINKING FUND 6
Gold Bonds, bearing
National Glass Co. Plants to be Operated Independently
This company announces that its various plants will hereafter be operated independently. The extensive cflGlces in
the Heeren Building, Pittsburgh, it is understood, will be
given up. Some of the plants have been leased as follows
Rochester, Pa., plant to Rochester Tumbler Co., stock, $500,000;
President, Charles Runyon. recently General Manager of National
Glass Co.; Jeannette, or MoKee, plant, to A. J. and E. G. Smith; Cumberland (Md.) factory, to Frank Trleber; Dunkirk (Ind.) plant to F.
W. Merry; Ohio Flint, at Lancaster, to Luoian B. Martin, Vice-President National Glass Co.
[Of the 19 concerns originally taken over, three, says the Pittsburgh
"uazette," were lost by fire and were not rebuilt; three have been
dismantled, and two have stood idle for some time past.]— V. 76, p.
438.
587
existing bonds.]
2.
Seven Per Cent Non-Cumulative Pbbfebbed Capital
Stock, "entitled out of any and all surplus or net profits
to receive non-cumulatlve dividends whenever the same
shall be declared by the board of directors, at the rate of
but not exceeding 7 p. c. per annum, for each and every
fiscal year, before any dividend for such fiscal year shall
be declared, set apart for, or paid upon any other stock of
the corporation," with preference also as to principal In
case of liquidation
15,000,000
[Substantially all issuable to assenting bondholders.]
3.
Common Capital Stock
15,000,000
[Substantially all issuable to assenting bondholders.]
The existing bondholders
are offered
new
stock in ex-
Rochester (N. Y.) Gas & Electric Co.— Earnings.— The change for their holdings and also the right to subscribe on
earnings for the year ending Sept. 30, 1803, were as follows: or before Feb. 23 to the new bonds at 87)^ at office of Harvey
Gross earninss, $1,286,247; operating expenses and taxes, Fisk & Sons (and in such case to participate pro rata in the
profits under the selling agreement upon the conditions of
$773,924; net "income, $504,075; interest, $237,428; surplus,
the plan), to the following extent, viz.
Compare V. 76, p. 598, 1033.
Will
pay.
Moldersof%\0,Q(iO existing—
Sonthern Car & Foundry Co,— Sale of Anniaton Plant,
This company contracted in 1902 to purchase the Anniston Ist mortgage bonds ($15,000,000)... Nil.
Also If subscribing at 8712
00
plant of the Illinois Car & Equipment Co. for 5600,000 (V, 20year(Beth. ool.)bd8.($10,000,000) $875
Nil
$266,647.
—
but payments were defaulted (V. 77, p. 206,) and
the ownership reverted, though the receivers continued to
operate the property under lease.
Recently Capt. J. M.
Elliott of Anniston (at one time President of the Southern
Car
Foundry Co.) arranged to purchase the Anniston
plant from the English owners.— V. 78, p. 107.
75, p. 668),
&
Standard Steel Car Co.— Reduction of Bonds,— 0£ the
$2,COO,000 six per cent gold bonds authorized last year, $1,
000,OCO were recently canceled. The remaining $1,OCO,000
now outstanding are dated May 1, 1903, and are due in 1918,
but are subject to call at 105 alter May 1, 1908, to amount of
$400,000; interest payable May 1 and Nov. 1, at the office of
Union Trust Co. of Pittsburgh, trustee.— V. 78, p. 107.
Also
If
Andwillreteive.
Neiobds.Pfstk.Com.si1e.
$1,000 $6,000
$1,000
9,000
6,000
1,312 50
1,600
subscribing at 87 Is
,
Floating debt incurred for materials, supplies, labor and
morey 8 loaned to be paid or assumed by the new company
when ascertained and finally determined.
AGREEMENT GOVERNING 8ALB OF NEW BONDS.
The committee has entered into an agreement with the
Morton Trust Co. and Thomas F, Ryan, as syndicate managers, dated Jan. 27, 19C4, for the purchase and sale of the
entire issue of the new bonds at 873^ per cent, or, in the aggregate $3,625,000, so as to guarantee the cash requirements
of the plan and working capital without compulsory assess-
ment on the bondholders.
arranged with Harvey Fisk
The syndicate managers have
&
Sons, of the syndicate, for the
selling agreement which provides that the holders of the ex'sting bonds shall be entitled
to subscribe for their said proportion at said price of Bl% per
pending suit for the foreclosure of the first consolidated cent, upon condition that the bonds so subscribed for shall
mortgage. Compare V. 77, p. 2343.
be left with said bankers with the right in the latter to sell
United Gas ImproTement Co. Results in Philadelphia.— the same at a price netting subscribers not less than said
See Equitable Gas Light Co. of Philadelphia above.— V. 77, cost and interest at any time within six months after tbe
delivery thereof by the new company. The subscribers will be
p. 1546.
entitled to participate pro rata in whatever profits shall reUnited States Realty & Construction Co.— New OtJieers.— sult from the sale of said bonds at an advance over said cost,
On Wednesday H, S. Black was elected President and Henry after deducting the bankers' reasonable commissions and
Budge, Frarik H. Ray and John W. Gates were elected to fill expenses; but to have the right, to be exercised at the time
vacancies In the executive committee. No new directors of said subscription, to withdraw the bonds from sale, subwere elected, there still being ten vacancies in the board of ject to retention by Harvey Fisk
Sons until the expiration
thirty, as the result of the recent resignations.
of said period of six months, at which time any bonds so
Plan, The new management have under consideration the withdrawn from sale or remaining unsold shall be delivered
advisability of readjusting the company's capitalization, and to the subecriber on demand without charge. Subscriptions
James Stiilman, John W. Gates, Henry Budge and F. H. will be payable when and as called for by the firm.
Ray, it is stated, have been appointed a sub-committee of the
DIRECTORS OF NBW COMPANY.
executive committee in connection with the matter.
plan which, according to current reports, is likely to be
Tbe first board of directors of the new company to be
adopted provides for the replacement of the existing share classified and to consist of nine members, divided into three
capital, consisting of $33,198,000 of common ana $37,011,100 classes, one class to hold office for one year, ore for two
of 6 p. c. cumulative prelerred by $16,200,000 of new stock, years and one for three years, and such first board to be seall of one class, and $21,000,000 of first mortgage 4^ p. c.
lected by agreement between the reorganization committee
bonds, Under this plan it is said that the holders of the and James Smith Jr., receiver, with the approval of Thomae
pieeent preferred stock would receive 70 per cent of their F. Ryan, representing the syndicate managers.
—
Topeka Water Co. New Trustee. The Pioneer Trust Co.
of Kansas City, Mo., has been appointed by Judge Pollock as
trustee of third mortgage and has been made a party to the
sale of said
new bonds under a
&
—
A
>
.
n^
588
rilF.
OTTKONTOLK.
AMITOAL riX«D OH Amu M.
v^rjjanlmtlou of th«» n»*w ov>mpfti\5r the only flxtnl
ch.'irjtt** »i>liW» tw^m tHX08 (*ud
tiioluiHiK lutert^st cliHrftt'S
niH-'n thi» utHlerlTtnK; inoiti:*K«««« of the Methlehfui Iron Oo.
riHMi
....
-...•..
I, ,,>.!
^,,.,,| (-.^^^ ^^,j|,
I,
,j,
ptj4te*l,
ben9 follows
CTommcvciat ^intcs.
O M M E R CIA L g p j^q M h™
C
:
Friday NianT. Feb.
vhis hou>t» of tlio Hi«thl«>hom Iron
>;,>.!. si«>«>i
«u>l
h\>r
ncK
i
iv
*^^7.^^o
rlnklng fund on th« ten jrcM bomtn of
th(>
S80.000
kiyr
f8»7,RR0
Total
p»r\>»iT» or »KorKJTJK».
for dtiMt«lt of the first mortkjH>je Iv^nds with the
L"*lty Trnat C\\ of New York jis depositary nnder the pUn h<^
\1 b*s Ix^en extended nutll Maroh 5. UHVl.
C^wnors of
d bonds 1* ho do not approve of the inodifltni plsn will
l><>
lormltttd dnrln.u the week endlnjf March I to withdraw
their IxMuls upon psytueut of 1 per cent of the fnoe vnlne of
the bonds sv> withdrawn 8S thoir shsre of the exi>«>nses of the
Holders of outstHudln)? oertlf
r^^rj;»nit.<»tlon oonunvlte<v
loHtes of depoolt fv'>r exlsttnt; preferred and oonimou stock
may withdraw their oerttt^oatos for preferred and oommon
sfcok ni\>u due surrt>uder of suoh oertltUvates without oharjje
The tim*
"
'
•
.
of this mo*llfied plan by the holders of the
«ntlre Issue of the 'Bethlehem oollattrsl bonds" and also by
the holdtrs of a larjie amount of the tlrst mort>ra,ne sinkirg
fnnd jtold l\%uds already i« assured."— V. 7vS, p. 847. 291.
••1
.
.
ptai'.oe
—
Vnltfd States Steel Torporatlon.— AVir />ir«vf or. At a
lutetitic >^f '!":^ -H'lHrd ou Tuesday the resignation of John D.
director was accepted and Henry Phlpps,
l\«.vket(
.St stvvkholders, was elected as his successor.
one of V ...
1
Mr. Kov'kt
feller In his letter of resi»rt>tlon said :
'^T uvy r<^l|iH!«ilou im * weiuber of tlie bo»rit of rtlrect
stAtM Steil i\>ri>ori»tvo»\ It hAS uot been oouvt^n
.'u»t thp n»revtn«rs of tht> b^^Anl.
My lutor«»!>t In tUo
n Is r«> presented in iho l>0Ar>\ l>v n\v oon, An«l 1 ho\>t» \\\f
,H«<«»»louM «>An be tlUod t*> the AilvAttt^tire of Uit> <<orv>or»tU>u
>vhoe*n personally At teuit JUe ui»etlu<t!>. — V. 7S. v- USS,
'-'
ht>'>'*^>
I
or»o.
t,-nT
.
->
*>
I
Oiiinlan
iier
As. ..it
.\9phAlt
above.-V.
*.\\
Warwick Iron A
To.
•fVcMion,— See Genera'
77. p. 13>:W.
Ste<«l
Co.— /\(•J)or^— The
snrv»lus
e.iru-
the first half of 1908 a.>;ijre»;ated $1UV7P4. but for
half oulv |87, Ul, innkiukj a total surplus for the
TV*r of (iU7.1i»5. a»;alust ftU.Ml "in \iHVi. |tlS.O;Ui In 1901 and
jlU0.78rt In liHXI.
The pig iron account tu \\hK\ shows e.srndednct Interest ou bond* and borrowed
tU)fS. I'iSO.lVSS;
luonev. $83.S48 b.tlauce net [surplus] earnings .•iS above,
livnids outstanding Pec. 81. 1908. |iJ8iVO0O. agaiUv-t
J147,19.^.
fSiXi.uVI on IVc. 81. ilHVJ:' bills payable, 1337.194. ag.H.ln^t
InjT* for
til* last
;
vaw
$;v>^;;.s70.-v. 70. \\
Hojit VtnrlnlH Steel (\>.— i^a>.— The company having defaulted In the v\a>ment of interest ou its bonds, the Dollar
^-ivlrgs i^ rrnst Ci\ of Wheeling, the mortgage trustee, will.
-Ti. :'d In the mortg.-ige. oiTer the property .at auction
h 11). See advertisement in Wheeling ••Intelligencer"
i';^.
h.ive coi tinned the statement that only
..
-f lH">uds Is outitHudiug; lii^t two coupons in def.Hult.
t
\ . 7S, p. 8S5.
.
We
—
Western Tnlon Telegraph Co.— Sre Attierlcan
phone .^ Velt-grsph l\\ .-an vo.— V. 77. p. 298S.
— The
(Bell) Tele-
tighth annual statement of the Connecticut
Insurance Oo. of ll.>»rtford is Ipublished in .an-
fiftv
Mntu.'il Life
'
The company reports it? gross assets at
amruut retjulred to re-iusnre all outstanding
s $^7.9l8.8l;^. all other U.Hbilitles $3,889,8^9. Uaving
..# of f4 0^:9 813.
...
The huvme for the ve.\r w.as $8,36l'638. There was p.«itd to policy-holders |tVtU(V84N. An abstr.ict
'
^"
'.n.
the
?
.H
,
;
of the stat<'uieut of the Mutu.al Life Insurance Oo. is given
in this issue of the Oukonioi.k. The income for the year w»s
f77.88:\7li}
ivllcv-holders were paid $:a3.737.780. The assets
have att.-iiuod to the great sum of $40l.S31.i>fll. of which it
hoU^s .*,< a 1:
rve for all its policies ue.arl> jS40.0;X\0lX1.
and u\>iiut,s .... .and above this Ust meutloutvi amount a
oontiugeut guaranty fnnd of more th.au |59.iXX\l.XXl.
:
.
—The
'
'"
-;
.
v>
Railroad Oomp.auy on Feb.
1
aal dividend of ft per cent.
The
is lt,-i.-c\i ii> ;vriH>tuity to the Lake Shore wS: Michigan
Southern
forming i^trt of the latter's lu.alu Hue. Charles
Elliott Warren. C.wtiier of the Lincoln National l^nk of
this cltj is Treasurer.
paid
iv«d
it>
KK
— P.
J.
,
LismsT:
vt
vt^
otYer $.S50, 000 O.anadi.au Northern
maturing from I9v>3 to 19r^. at
Details can l>e had on
per cent.
dates .and othe<r information are lu
0,>
V eiiuipv
„
;o net
.
appluvstion.
The
.^
due
the advert isement on page xl.
The Uulou Dlsoonnt Oc*. of London publishes .as usual in
our current issue its semi-sunu.al stateunnt. Indudlrg a
balance sheet aud a profit and loss account, to which is \at-
—
tacheii the certificates of the auditors.
—A block of Wheeling vt
fund
t^
re
',-»er
Lisi.
the
.'X-.
>
Lake RR.
Ov>.
equipment sinking
cert cold bv^nds of 19l13 .are offered bv F. .1.
price to i^ay five per cent. Details are in
n p»g9 XI.
.
— F.ar>
a Oo. advertise |:7.V1.000 S.anitarv District
of Otica»:o -is. Luatunng from 1905 to 1938.
The v\etails are
lu the advertisemt nt In our StAte and City Dopartment.
—
Pel,
I
their
v
uuew
:•.
..
nlvt
to 43
*
Co., yublio aoooniit«nts,
Broad wa v.
Vol. lxxvui.
J'jic
thi»
....
I
I
have
iuov(?<i
Reports
relative
condition
the
to
5, 1904.
business have
of
some seotlvms
of
somewhat
coutliotlng.
In
owing to the severe wintry weather and
l>een
country,
the
handling
merohaudlse, trading has
From other KH\alltles. however, the
Iven checked.
Information received has indicated a jjood volume of business being transacted,
lu the speculative luarketa demorall7.atlon has ruled In both cotton and colTee, resulting from
fvxrced lliiuldatlon by distressed speculative holders.
The
grain m.arkets have l>eeu active at advancing prices.
the
dlt^iculty
Sloekt of
in
Java, Ao.... ...
SagAr
tn^Ar
MolAsace,
tlMoA
vVntou...
So«ln
hhtta
bAffS
bARB
mAt«.
hhitn
tor«lii;n
!
No
bbls
bbls
r.\r
ftloe,
9.941
1
fV*.l,
190.a.
«,!S00
4,S()6
.S.901
2.4-.2l,2«a
a,ss»,^S4
'2,111.140
a>a.7S8
'i.M<.til4
lOl.l'Jl
Noiio.
liy.4.M>
6^.80O
None.
10.100
40.160
110,6&4
134.414
None.
46.433
Nono.
a
70,«l'S
3S.70'i
•it>.O.M>
l.tUH)
1.077
9.000
664
1.H74
1,800
T.S.D
bales.
bbls.
1,
1904
i>.47'.:
bAjTS, Ac.
ahits
9\>trtt«tarp«ntln«.....
Jan
1,
1904.
tW
UATit
I\>l>Acoo. Aon\Mtlo
i.V(t«>««. BrHill...
A>tTeo, OthM
,V>ffe«,
nb
MtrehOHdif.
None
Non<»
11.300
3•i.^00
16"i.l7a
S8.876
l.Tii
41)3
K. I
tttoo.doiuMtlO......
bAKS
bbls
•JO.OOO
27,001
7.bOO
lo,^oo
UnSMkl
bAfiTS
Non*.
None
Nono,
3.63S
1,317
........ ..
1
8AUr>«<ttt>
.MiMillA henvp....
^A^rs
1.7.S4
bAh^s
hmup
bAlM
17.'26S
!^.lO^
40C
ls.sl^
8.S30
Non*.
89.&00
187,000
aisAl
bAles
futobatt*
Flour ..M........ bbls. And sAOtai|
None
l.ft6J\
None.
6S,S00
been in fairly active demand and with
only moder.ate otTerlngs prices have advanced. The close
Lard ou the spot
h.-is
was iiulet at 7'7.%c. for prime Western and 6'9l)i<J7'00c. for
prime City. Refined lard has h.ad only a moderate sale but
prlcts h.ave advance<i with the raw prvxluot. closing at 7*80o.
for refined for the Continent. Speculation in lard for future
delivery h.as been fairly active .and ou good general buying,
higher cost of
li tluenced by light receipts of hogs .and the
corn, prices have aviv.auced. The cU^se w.as slightly easier.
OAJV.T oi^MUWo raioas i>» uar» roTDKEt in i iiioaoo.
Thur§
ifdrl.
fVi.
TVi#«.
liat.
Mo«»
7•.^7^<^. 7•6•2^o. 7-.Nfto
73O0. 7S0O. TAOo.
Mat>1«IT
7ea>A
7 67»i) 7-60o
July dfti'y
7S8Hi 7Si»fl 7^:»«
adv.anced,
and
prices
have
dem.and
fair
l\>rk h.as been in
closing at f 14 7^^!f lf> 35 for mess. Cut me.ats have Iven lu
better\iemand and prices have .advanced. Tallow has been
Cotton-seed oil h.aa
in moderate demand and steady at 5o.
held steady, closing at 87v^^..« 87-'^ o. for prime yellow. Hntter
has been in small supply t'or desirable grades and prices have
advanced about l^«c. per pound. Cheese has had a falrs.ale
at steady prices, ^rhe close wjis steady.
l>raiil grades of ootYee have l>een uusettled and lower, intlaeuced by a sensational break lu the spe^mlative market.
The cK^se was ste.ady at 8c. for Rio No. 7 and 8'4C. for Santos
No. 4. West India growths have b«v>n (lulet and O'^sler. closing at 9-'-4C. for gix^i Oncuta. Ka.«»t ludia growths have been
speculation In the market for coutnacts has been on
>iuiet
an nnprecodeuted scale. The bull Interest has lH»come thoroughly disorganir.ed. and under general liiiuldatlou prices
have broken b.adly. No charges have In^eu re^Kirted in tho
The close w.as steady.
p(.v»itlon of cv tTee'.
Following .are the closing asked prices:
7-100
6SOo.|Oot.
... eSOclJuly
Wb
:
7-400
6 iH>c. IX^
6.S^^^jAll|t
Haroh
7 5»o
6-.V^^.
fieiu. ..— .... 70»c. Uaa.
May. ..«.-.
Raw sngars h.ave been in more active demand, and the
close was' firmer at 8 ll-83c. for centrifugals. 9fl-deg. test,
aud 8 37-.S3C. for muscovado. 89 deg, t*>st. Refined sugar has
been In better demand and firmer, closing at 4 4')c. for granulated in bbls. Te.-is in more active dem.and and firm.
Keutucky toKacoo h;va b.'en quiet, few new orders being
placed in the Ux^al m.arket. .and withdrawals on old purchases
Seed-leaf toKacco h.as been quiet, but
h.ave been limited.
pnoes have Iven uuchanged and ste.adv. Havana tobacco
has had a fairly full sale at firm v.alues. but Snmatja tobacco
1
I
h.as
been qmet.
easier market has l>een reported for Stralt^^ tin, but at
the cK^se there w.as a partial recovery, njllectlng stronger
lugot copper
foreign prices, quotations being 37 8iV^3^ 3V.
has weakeneil slightlv. closing vpilet at 13-^>iii'l35jC. for Lake.
Lead ha« hold st<\adv at 4-4">^.i^4'50c. Spelter uas been unchanged at 4 9.V^i'. rig Iron h.as l>eeu in better deiusud aud
steady, cUv»lug at $14 50v!fl5 for No. 3 Northern .and $18 85^^
18 75 for No. 3 S.Mitheru.
Retined petrv^leum has been nuchauged. closing at 9'10o.
in bbls.. U'80c\ In cases and 03iK\ in bulk. X.ip'Jtha 'ias been
unchanged at 13'40c. Cre.iit b.alauces have held steady,
Spirits of turpentine h.as adv.anced. closing
clo.<inkr"at $1 85.
R>sins have l>eeu firmer. cU^smg at |3 9.^vJ^8 00
at 6tV.tO!U,,«.
Uoiva have lv»en in motierate
ior common aud goivi str.ained.
demand aud firmer. Wool has been firm but quiet.
An
Feb.
THE CHRONICLE.
1904.]
6,
COT TO N
Friday Niqht, February
5,
1904.
aa Indicated by onr telegrams
from the South to-night, l^s given below. For the week ending
this evening the total receipts have reached 153,602 bales,
against 141,888 bales last week and 163,279 bales the previous
week, making the total receipts since the 1st of Sept., 1908,
6,111.670 bales, against 6,031,507 bales for the same period of
1902-3. showing an increase since Sept. 1, 1903 of 90,169 bales.
at—
Motu
Bat.
Tius.'l
m.
rlC.ur$.
6,261
7,258 16,089
6.715
6.S47
New Orleaus... 12,076
68S
Mobile
775
Pensaoola, Ao.
3,666
Savannah
678
Brunsw'k, Ac
48
Oharleeton
Pt. Royal, «ko.
Galveston.
Sab. Pass, &o.
Wed.
6,285
Total.
5,215
3,629
1,769
9,471 11,204
616
2,215
4,105
6i
7,522
9,013
672
785
457
839
3,830
8,989
2,961
1.676
94
435
134
319
New Orleans.
Oalveaton.. ..
Savannah..
47.813
6.689
52,846
4,837
1,614
19.265
2,154
342
In addition to aboTe ezporta, our teiegrama to-night also
aa the following amounta of cotton on shipboard, not
cleared at the porta named. We add aimilar flgnrea for
(few York, which are prepared for our special use by Messrs,
Lambert* Barrow*. Prodnoe RxohanRe RulldlnR,
OM SHIPBOABD. HOT OLBARBD VOR—
Leaving
Feb 5 atSraal
flarOthtr Ooatttlock.
Fr'net
BHtain
many. for'gn viae. rotat.
(five
The Motkment of the Crop
Rectiptt
5»9
21
1.094
21
1.6 i9
5,160
Charleston
Mobile
Norfolk
..
19.236 11.781 12.112
22.004 6,200 9,559
2.834
3,800
...
6,363
843
48.193
44,616
700
100
700
6.834
18,000
New York
Other ports
4,821
6,863
180
5.000
.
6,000
363.768
36.708
4R.848
11,050
13,076
5,939
73,087
60.234
lOOi
7.0S3
13,000
150
12,000
1,000
Total 1904..
49.224 17.981 37,324 12,674 14.743 131,946'
601.750
Total 1903.
Total 1903.
69,762 83,937 29.140 43.276 21.394 217.609
74,483 27.888 43,162 34.672 17.656 197,601
7871744
696,873
m
Speculation in cotton for fnture delivery has been
irked
by uuHsnal excitement and by a st impede of the ballish interests, the break in prioes being of a sensational character.
Wasta'ton,&o.
808
1,110
1.961
1,429
1.568
1.962
8.833 The most prominent bnll interest in the Now York market, it
Norfolk
319
849 was understood, in the fore part of the week had liqaidated his
N'ptNewe.Ac.
381
25
50
105
111
672 account and withdrawn, at least temporarily, from active
New York146
109
133
47
46
63
642 trading. When this information became noised about, a
Boston
623
268
891 heavy selling movement started and prices broke sharply.
Baltimore
The New Orleans bull clique, however, continued active,
100
226
293
86
ISl
48
823
Phlladelp'a, Ao
and according to the talk current in the trade this long inTot. this week 3-2,66l' 16.966' 33.36ll 24.973 19.8111 86.8371 168.602 interest in the market remained Intact until Thursday, when
The following shows the week's total receipts, the total since heavy selling for New Orleans account developed this selling, together with efforts on the part of other interests to
Sept, 1, 1908, and the stocks to-night, compared with last year.
dispose of their holdings, resulted in a demoralized market,
1903-04.
and a sensational break in prices followed. The Liverpool
190203.
Stock.
ReteiptB to
market, following the break in prices in the American marSince Sep,
This
Since Sep.
1904.
Feb. 5
1903.
ket, has shown decided weakness and declined sharply. Toweek.
week.
1, 1903.
1, 1902.
day there was a wild, erratic market. The opening was at comQalveston... 47,813 2.072,071 63.738 1,717,287
81,324 221,482 paratively steady prices. Then carae a sharp break of over
6.689
92,709
8,479
8ab.P.,&o.
80,674
one cent per pound May selling down to 13'99c. and July at
New Orleans 52,845 1.609,532 61,961 1,717,619 411,961 360,861 1408c., a decline of practically 83^c. per pound from the high
181,782
4,837
6,815
19,128
MobUe
179,088
22,639 point of the market, which was reached on Monday.
299
Wilmington
887
923
197
1,865
;
P'sacola, &0.
Savannah...
Br'wlok, Ao
Charleston..
P. Royal, &0.
Wilmington.
Wash'n, Ao.
Norfolk
N'portN.,&c
New
York...
Boston
Baltimore..
Phlladel,(feo.
116,296
1,614
19,265 1.017,531
2,154 113,483
1,094 144,173
21
1,021
5,160 312 816
336
394,637
10,835
6,986
12,642
18,301
8,883
S49
672
512
891
823
8,123
168,602 6,lll,676ll93.289l6,021.507l
Totals
the decline the leading New York bull Interest came to
the rescue of the market and, largely as a result of his buying,
prices rallied about %'c. per pound. Renewed liquidation
carried prices back aboat Mg., but during the late trading the
market again rallied, closing about %q. above the lowest for
the active months, but a net decline for the d-iy of 85@48
points, exclusive of Oat. delivery, which was 5 t>oints higher.
Cotton on the spot has declined, closing at 15"50c. for middling uplands.
The rates on and off middling, as established Nov. 18, 1908,
by the Revision Committee, at which grades other than
middling may be dollvored on oontraot, are as follows.
Fair......
..^0. 1*80 on Ooo<1 MlddUmg TlnKed ..o.
Even
Middling Fair
096 on Strict Middling llnged.
006 ofl
0-62 on Middling Tinged
dtrlot Good Middling
012 off
0-44 OB Btrlot Low Mid. Tinned... 084 ofl
Sood Middling
0-60 ofl
Strict Low Middling
014 OO Low Middling Tinged
At
4,387 119,607
23,519 1,074.643
106, jl6
3,628
1,490 199,641
211
4,734 299,617
384
9
9,379 393,882
768
18,122
945
23,240
4,134
47,833
1,983
21,489
316
17,028
66,682
8,247
11,150
118,853
12,598
19,410
10.720
7.C07
18,930
31,567
1.161
576
73,237
34,000
5,372
2,784
160,092
49.000
6,571
4,016
788.696 1,005,263
In order that a comparison may be made with other years,
give below the totals at leading ports for six seasons.
i
Low Middling
Good Ordinary
0-88 off Strict Good Ord. Tlngefl... 0-84
0-78 off MiddUBg Stained
0-50
Strict Low Mid. Stained... 106
1-60
Low Middling Stained
we
strict
Receipts
fSood Ordinary
.. I'OOofl
Btrlot Good Mid. Tinged..
SO ob
at—
Galves'n, &o.
New
Orleans
Mobile
Savannah
. .
Chas'ton, Ac.
Wllm'ton, Ac
Norfolk
N. News, Ao.
All others...
Tot
this
wk.
1899.
1904.
1903.
1902.
1901.
1900.
54,602
52,845
4,837
19,266
1.116
6,160
8.833
67,217
61,961
6,815
26,519
1,490
4,743
9,879
36,838
80,294
3.520
18,811
3,379
8,813
7,249
1,362
16,165
48,391
46,294
8,003
22.376
67,866
67,878
6,C87
41,800
10,149
5.989
13,373
7JI
17,908
319
768
0,696
15,397
15S,b02
193,289
118,354
1,00 ti
3,448
4.142
246
20,529
144,436
212,421
2^.695
33,198
6,04 2
15,459
2,482
1,484
11,783
478
23,968
126,479
Binoe Sept. 1 6111,676 6021,607 6902,666 5615,100 4974.060 6980.614
The exports for the week ending this evening reach a total
of 177,217 bales, of which 46,235 were to Great Britain, 16,138
to France and 114,851 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1908.
TTm/i
Ending
Sept.
frmn—
Great
Brit'n.
UalyestoD
18,816
Sab. Pasi. &o..
New Orleani..
Mobile
Pensaoola
SaTannah..
Braniwlok
Charleston ....
Port Royal....
. . .
9.«eu
France
1U.U96
6.968
Vonti.
lotal
nent.
Week.
84,638
8.886
lo.aoo
83,088
Total
Total, 1003-08
flb7.097 800.81.-4
15,970
478,332 l93.7-'5
81,212 16.308
1.3J6
Sl.Oitt
18,601
21,811
81,811
161,551
68,020
7,110
78.781
••••
S6,488
1,000
70
1,198
200
171.037
t
67a
Ac
Oreat
Pranet
BHtain.
1,601
....
04i
....
....
te.t>.
t>,
'
••
•
Continent.
(M.71ii 1,612 0-»3
67.8«»
hl),''.S4
12:i,lM.s
61,2^1
(t2.'il3
&18,i&>
1,
096.6 16
103.766
107.64
738
I
OJ.-.
7,121
^6.9CB
43.0)6
6.860
234.16H
897.710
200
700
1.900
1,300
1.800
118,303
28,16.
UPLANDS.
Sat.
STAINED.
Sat.
I^w Middling
noil Taea IVcd Th. Frl.
15-25 15-75 15 25 15-00 14-76 14 00
10-26 16-7.^ 16-25 1600 1575 15-00
16 41 l(;-9l 16-41 16 16 1691 1616
1676 17-85 16 76 1650 10-25 116-60
1
Low
The (iuoiationa loi middling upland at New iTork on
Feb. 6 for naoh of the pist 88 yeara have been aa followa.
1901. ...0.16 80 1896...
8>«
1880.... c 13
1888. ...0 IOBh
9>«
9»*
1879
1903
9 16
508
18tf6
1887
11 Me
1903
1878
. 8fi,s
1894
71616 1886
G-^ifc
1901
llifl
1877
9%
1898
93))
1886
127t
38Ji«
1900
8K,A
1876
1892
1884
lO^t
76,,
1899
1876
1891...^
9>4
1888
1611b
6&,e
103,a
6i6,g 1890
1898.
11
12
1874
I6'e
1883
31
1897
10
187S
1889...^
1881
1«
119ie
76,a
MARKET AND SALES.
SPOT Mark ST
OW»«KD.
71,571
1931
8l.>-H5
77.17rf
1.487
at. 6113
Wednesday
850
624
860
46.094
20,186
36,806
86.333
ThurBday.. Jniftt. 26
Friday
Easy. 75
3U,042 104,M80 2I0,R0I 1.93S,012 6'48,A8H 4,091, U9 4,480,807
Prl,
1
Middling
743
77.07H
Tb.
;
Low Middling..
Middling
..
Uood Middling.
Middling Fair..
9,S58
la.ias 114,831 177.ai7 l,85S,«<>e 600.828 2.t'J3.Ha4 1.687.868
Wed
inon Tnea
16 00 16-50 16-00 15-75 1550 14-78
16 6-2 1712 16-62 1687 16-12 1587
1700 17 50 17 00 16 75 16 50 1575
17 44 17-94 17-44 17 19 10 94 1019
17 96 18 46 1796 1771 17 46 16-71
Qood Ordinary.
171
*6.«80
Wr\.
15-50 1626 14 60
i«;i2 15-87 15 12
16 76 17 26 16 7.^ 16 50 16 85 15 60
17 19 17 64 17 19 lo94 lo69 15-94
1771 18-21 17-71 17-46 17-21 16 46
GOLF.
751
87|
We4 Th.
inon Toe*
1575 ie-26 1675
1837 1637 16 37
lyow MUldllug..
Mlddlluic
(Jood Middling.
Middling Fair..
81O«''0
75 801
1.710
Sat.
Good Ordinary,
Strict
TotaL
for
the past
Middling Tinged..
Good Middling Tinged
1901
18,056
>•••
a,38S
PkUadelptala.
Han Fran.,
1908. to
776
Wllmlnirton...
....
ai.sas
r).463
7.110
Norfolk
K'port N.. 40..
New York
6.8Srt
6.161
660
1,
Bvporttd to—
Exported to—
EiDportt
Boston
Baltimore
Irom
Feb. 6, 1901.
Oa this basis the oflloial orioes for a few of the grades
week— Jan. 33 to Feb. S— would be aa follows.
off
ofl
ofl
ofl
Saturday
.
Monday
Tnnoday
Total
...
rnTDBsa
Mabket
Olosbd
Tnao.,70ptH.
a<l
Nom.rOptA.
ad. Ktrni
lALKR or BPi'T
Mm-
0<.<IT»A(
t
Don
Vn
tMtnp
truet
roio
8.800
3,806
600
BOO
850
1,600
1,960
400
6,900
6.300
.
iteady
We(ik,50pt«.do. tteady
'.^niHt. '25 pui.
*
do. <'n»(\y ......
• ••-
ptB.rtc. Weak
pta. do. tt'riy iteady.
....
"80
"ftO
..
.
'
THE OHRONICLK.
51)0
FUTUBBS.—Highest, lowest and olosing prices at New York.
ex
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2
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week and since September 1, the shipments for tne
week and the stocks to-night, and the same items for tba
1
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!-••-•
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At thb Intkriob Towns
for the
corresponding period of 1902-03—
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Thb Yibiblb I3UPPLT OF UOTTON to-nigbt, as made np bj
The above totals show that the interior stocks have de
cable and telegraph, is ai follows. Foreign itocks, as wel
ai the afloat, are this week's returns, and oonseqnentiy al! creased during the week 26,236 bales, and are to-night 29,785
foreign figures are brought down to Thursday evening, bales lesa than same period last year. The reoeipts at all the
But to make the total the complete figures for to-night towns have been 12,788 bales lesa than same week last year.
(Feb. 5), W6 add the Item of eiports from the United States,
OvEELAND Movement for the Week and Since Sept. 1.—
iacluding In it the exports of Friday only.
We give nelow a statement showing the overland movement
tor the week and since Sept. 1, as made ap from telegraphic
1904.
1903.
1902.
1901.
gioek »t LlTerpool
.balei. 625,000
680.000 1,010,000 779,000 reports Friday night. The results for the week ending
10,000
9,000
12,000 Feb. 5 and since Sept. 1 In the last two years are as follows.
7,000
fltoek at aCanoliester
..^..
71,000
!
1
1
1
'
1
1
'
1
1
1
1
1
'
Xotal Qreat Britain
a
M
*
1
•
M
1
«»
1
1
1
1
1
1
1
'
1
'
atook.'
1
1
,
1
1
1
1
l-"
1
689,000 1,047.000 791,000
8.000
9.000
15.000
239.000 220,000 229,000
3,000
3.000
4,000
151,000 187,000 154,000
8,000
2.000
3.000
45,000
43,000
29,000
37.000
46,000
16,000
.
2,000
2 000
5,200
Total Continental atooka.
748,000 488,000 512,000 455,200
Total Bnzopean atooka
1,454,000 1,177.000 1,559,000 1,246,200
India ootton afloat tor Barope 186,000 144.000
88.000 122,000
Amer. oottonafloatfor B'rcpe. 515,000 589,000 534.000 453,000
jorpt.Braall,<fco.,ftflt.for E'pe
43,000
60.000
50.000
89,000
StoOK in Alexandria, Egypt... 235.000 190,000 249,000
180.000
took In Bombay, India
337.000 424,000 893 000 393,000
,..
took in United States porta.. 783,696 1,005,258 894,374. 979,813
took In U B Interior towna. 407,953 437,788 617,416 735,243
United States exporta to-day..
48,713
36,325
47,515
24.254
Total TlBlble supply. ..,»«,3,960,362 4,063,316 4,432,305 4,172,510
Of the aboTO, totals of American and otber deaorlptlons are as f ollowe:
.
Avitritan—
Uverpool stock
Manobeater atook
bales.
542.000 609,000 946,000 687,000
71,000
Continental stocks...... ....^ 716,000 460,000 479,000 419,000
Amerloan afloat for Barope... 515.000 589,000 534,000 453,000
United States stock
733,696 l,o65.'253 894,374 979.813
United States inter] or stocks. 407.953 437,738 617,416 735,243
United States exportsto-day 48.713
36.325
47,515
24,254
Total American
..«. .3,084,362 3,137.316 3,518,305 3,298,310
Matt Indian, Bratil, 'ie.—
LlTsrpoolatock....^..,.......^
83.000
71,000
94,000
92,000
Iiondon stock
10,000
9.000
7,000
12.000
OontUaental stocks
32 000
28,000
36.200
33.000
India afloat f or Bnrope.....^ 186.000 144,000
88,000 122,000
gypt. Brazil, Ac, afloat
43,000
60,000
50 000
39.000
took In Alexandria, Egypt. . 235 000 190,000 249.000 ISO.OOO
took In Bombay, India......... 337,000 424,000 393,000 393,000
Total Bast India, *o
_ 926,000 926,000 914,000 874 200
Total American
8,034,362 3,137,3 16 3,518,305 3,298.310
Total risible snpply.,
snp:
3.960.362 4,063,316 4,432,305 4,172.510
Middling Upland, Liverpool..
7 82d.
4-88d.
51532a.
4»i6d,
Middling Upland. New York.. 15-600.
9-15C.
9^0.
8^0.
Bgypt Good Bro-wn, Liverpool
lOifid.
S'ed.
83i6d.
83,ed,
Peruf Bough Good, Liverpool
9-76d,
7-30d.
7d,
77,ad
Broach Fine, Liverpool.......
7 Bed.
4%d.
53ed.
49i6d.
7i«d.
Slnnevelly Good, Liver pooL..
488d.
4884.
Shad.
Continental imports past week have been 160,000 bales,
The above figores for 1904 show a decrease from last weefc
of 32,492 bales, a decline of 102,954 bales from 1903, a decreaee
of 471,943 bales from 1902 and a loss of 212,148 bales from 1901.
.
.
1^
;
I-'
706,000
took at Hamboig. ._ ^^ .^^
7.000
took at Bremen ..^
...^ 407,000
took at Antwerp
.^..
4 000
took at Havre
...
226,000
took at KaiBelUea
^
2,000
took at Barcelona.
62,000
took at Genoa
38,000
,
.^
took at Trieste ..^..
2,000
..
~
.
r-i
1
1902-03
1903-04.
February
5.
Wfk.
gintt
atpt.
1.
WMk.
Min»$
»*pt. 1.
Shipped—
V
a 8t. Lonls
Via Cairo
.......
Via Padacah..... .... ............
Via Book Island..................
Via Louisville
Via Oincimiatl
Via other routes, &o..... ........
11,020
5,941
I
"152
7,446
1,432
8.927
Total gross overland..... ...... 34,918
Deduct shipmentt—
2,928
Overland to N, Y., Boston, *c..
Between interior towns.
2,669
8,692
Inland, &c., from Sontti
Total to be dedaoted.. .........
Leaving
total net overland* .
movement by
.
316,624 21,688
9,440
198,874
101
25
1,791
11,511
56,372
3,168
4,205
23,143
13,074
148,797
516,863
159,492
1.495
33,424
85,596
27,643
207,129
754,346 53,467 1,024,641
7.382
3,818
4,500
109,592
38,941
9,289
98,384 15,700
176,491
25,629
655,962 37,767
848,150
45,055
22,314
31,015
3A958
Canada.
The foregoing shows that the week's net overland movement
Ihii year has been 25,629 bales, against 37,767 bales for the
week in 1908, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 192,183 bales.
«
Including
rail to
1908-04
1902-03.
In Sight and Spinnert
Taking$.
WMk.
Mint*
Mtpt.
1.
Wtck.
ainet
gtpt.
I.
153,602 6,111,676 193,289 6,021,507
Receipts at ports to Feb. 5
Net overland to Feb. 5
25,629 656.962 37,767 848,150
Southern consumption to Feb. 5.. 42,000 915,000 41,000 918,000
Total marketed................. 221,281 7,683.638 273,056 7,787,657
[nterior atooks in excess.
.
'26,236 896,351j* 31,601 374,660
Came Into
sight during week.. 194,995
Total in sight Feb. 6
240,455
8.078,989
8,162',317
Nortk'n spinners' tak'gs to Feb. 5.. 54,007jl,498,08l! 88,907 1,430,350
* Decrease during week.
Movement into sight in previous years.
We^jt—
Bait:
Balet.
Since Sept. 1—
8,024,055
1902-Feb. 7
148,492 1901-02— Feb. 7
7,774. \42
l»i,02a 1900-01— Feb. 8
1901-Feb. 8
7,081,819
1900 -Feb. 9
238.683 1899-00— Feb. 9
9,003,427
18a9-Feb. 10
105,057 1898-g9-Feb. 10
Feb.
THE CHRONICLE
1904.]
6,
Quotations fob Midduno Cotton at Otheb Marketb.—
Below are olosing quotations of middling ootton at Southern
and other prinolpal ootton markets for each day of the week,
OLOSma QUOTATIONS rOB VTODUHQ OOTTOM ON—
Week ending
Jan.
5.
Wtdnu.
TUM.
Mon.
Satur.
16
15i5ie
I6I4
Thurt.
15i«
155,8
Fri.
167i6
Charleston..
16%
16%
161516
I6I4
I6I4
WUmlngton.
15
16
16
15-25
16
15'60
161s
16ifl
15%
16'4
16-75
16-60
15
16-25
1650
1600
1500
1700
16-75
17*00
17-50
16-75
16-50
16-76
is-'s
14J4®i2
Bayannah.
.
ETorfoUk
leifi
Boston
Baltimore .
PMladelphia
Angusta
16-05
16-75
16ifl
16%
17-25
17-25
17 00
iai«
Uemphls
1538
leifl
16
16
1618
15'8
St,
—
Lonls.
Houston
Uttle Rook.
15>s
16%
16%
15%
1513
Stateburg, South Carolina.
155,8
I5J4
of the past week,
IS-a
15%
15-50
io'%®ie
16
16
16i«
I6I4
181s
15%
15ifl
lowest
1538
16
I6I4
!&>«
1514
13i«
14^8
The olosing quotations to-day (Friday) at other important
Southern markets were as follows.
Athens
|
I
16
Monti^omery... 14
I
Atlanta. ...... 15
Charlotte
15^
Columbas. Ga. 15
New ubleans
HH
OolamboB, Miss
Eufaola
...
LonlsTllle
Option Market.
The
Jan. 30
Feb'akt—
Range ....
Olosing
.
.
16-00
15ia
Natohex....„.. 15i8
Raleigh
1433
Shreveport
153i6
highest, lowest and
9
Monday. Tuesday, Wed'day, Thurtd'y Friday,
Feb. 1.
Feb. 2.
Feb. 3.
Feb. 4
Feb. 5.
— 16 25« —
—
16-20® - 17-10»
16-10
Makoh—
as
—
26.
Greenwood, South Carolina.— There has been rain on two
days the past week, the rainfall being thirty-two hundredths
of an inch. The thermometer has averaged 31.
Charleston, South Carolina.— R&in has fallen on three days
of the week, to the extent of sixteen hundredths of an inch.
Average thermometer 42, highest 57, lowest 32.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
3
o'clock Feb.
—
15-90W-00 15-00®-70
It
16-009
14i*80O-90 14-00 9
—
—
—
Closmg... 16-62 9-53 17-3SW34 16-60 9-61 16-669 68 15099-10 14-30a-31
May-
Range
Closing
.
.
July—
—
Range
16-80»'6S 16-66®-45 16-58t> 00 16-109-65 1510-16 30 14-80-16-46
Closing... 16 60 9-51 17-309-88 16-62 9-66 16-55 9 — 15 15*
14 309-40
Tomb—
Irregul'r
Steady
Firm.
Steady.
Irregul'r Nominal.
Steady. V'y st'dy
1903-04.
KMtipti
at-'
—
—
—
—
—
—
—
—
—
25-6
21-8
8-4
1801-02.
Mints
"jritek.
Mtpt. I.
884,000 94,000
806.000 87.000
giHtit
980,000
September
I.
Muportt
from—
Oraat
B^iiaiK.
iombay—
Easy.
1903-04..
1902-03..
1901-02..
aitloatta—
1903-04..
1902-03..
1901-02..
3.000
1,000
OOHttHtnt.
Total.
72,000
27,000
30.000
75,000
28,000
30,000
17,000
11,000
1,000
231,000
224,000
135,000
248.000
235,000
136,000
2,000
1.000
2,000
1,000
8.000
13,000
7,000
9.000
15,000
8,000
1,000
6,000
2,000
1,000
20.000
7,000
3,000
26.000
9,000
4,000
1,000
3,000
13,000
1,000
40.000
29.000
86.000
43.000
42,000
37.000
75,000
28,000
34.000
27,000
28.000
4,000
299,000
273,000
181,000
326.000
301,000
185.000
2,000
tireat
OoHti-
Britain.
Total
n<vtl
Cadras1903-04..
1902-03..
1901-02..
1.000
4.U others—
1903-04..
1902-03..
1901-02..
1,000
eotai au—
1908-04..
1902-03..
1901-02..
3,000
1,000
2,000
72,000
27,000
32,000
Alexandria Receipts and Shipments op Cotton, —
Tlirough arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now receive a weekly
cable of the movements of ootton at Alexandria, Egypt.
The following are the receipts and shipments for the
past week and for the corresponding week of the previous
two years.
Alexandra, Egypt
February 3.
1903-04.
1902-03.
1901-02.
170,000
6,093.183
5.283.391
BeceiptM (cantars)*—
200,000
This -week
Since Sept. 1
5,302,754
Thit
week.
Exports (bales)—
To
To
To
To
Liverpool
Manohester.
Continent
Since
Sept. 1.
10,500 152,201
8,750 87,328
9,250 181,513
2,000 33,877
..
America
This
week.
270,000
Thit
week.
Since
Sept. 1.
Since
Sept. 1.
3,932 129,224
5,558 146,768
2.786 79,190
4,604 101,394
4.677 176,767 10,237 219,124
5,750 62,024
931 56,108
Total exports.... 30,500 454,919 115,770 480,087) 22,708 489,662
*
A can tar Is 98 pounds.
—
Manchester Market. Our report received by cable
to-night from Manchester states that the market is quiet for
both yarns and shirtings. Production is being curtailed.
give the prices for to-day below and leave those for
previous weeks of this and last year for comparison.
We
—
—
24 8
9*pi. 1.
for t4< Watk.
Nominal.
by
telegraph this evening indicate that the weather has been
more favorable at the South during the week. Where rain
has fallen the precipitation has been light in the main and
over a considerable section dry weather has prevailed. Some
picking is reported in Arkansas, and at a number of points
preparation of the soil for the next crop has progressed well.
Galveston, Teaxia.— Preparations for the new crop are well
under way generally. The week's rainfall has been three
hundredths of an inch, on two days. Average thermometer
49, highest 66 and lowest 32.
Corpus Christi, Texas, There has been a trace of rain on
one day during the week. The thermometer haa averaged
51, the highest being 74 and the lowest 28.
Palestine, Texas,—There has been no rain the past week.
Thermometer has averaged 44, ranging from 16 to 72.
San Antonio, Texas.— We have had rain on one day during
the week, the rainfall being one hundredth of an inch. The
thermometer has ranged from 22 to 76, averaging 49,
Abilene, Teajas.— Rain has fallen on one day of the week,
the rainfall reaching fourteen hundredths of an inch. Average thermometer 48, highest 68, lowest 18.
Shreveport, Louisiana. There has been rain on one day
the past week, the rainfall being one hundredth of an inch.
The thermometer has averaged 43, ranging from 19 to 68.
New Orleans, Louisiana, We have had no rain the past
week. The thermometer has averaged 53.
Columbus, Mississippi, There has been no rain the past
week. Thermometer has ranged from 32 to 68, averaging 50.
Leland, Mississippi, Dry weather haa prevailed all the
week. Average thermometer 47-3, highest 67, lowest 20.
Vicksburg, Mississippi. It has rained on one day during
the week, but to an inappreciable extent. The thermometer
has averaged 44, the highest being 67 and the lowest 24.
Little Rock, Arkansas,
Considerable cotton has been
picked during the week, and some plowing done. There
has been no rain. The thermometer has averaged 33, ranging from 19 to 56.
Helena, Arkansas. Tbere has been light rain on one day
during the week, the rainfall reaching seventeen hundredths
of an inch. Weather now warmer, with indications of rain.
The thermometer has ranged from 25 to 55, averaging 39-6.
Memphis, Tennessee, We had snow on Sunday, the precipitation from which reached seventeen hundredths ot an
inch. The thermometer has averaged 36-8, the highest being
52-6 and the lowest 18-8.
Selma, Alabama.— There has been no rain the past week.
Average thermometer 52, highest 67, lowest 40.
Mobile, Alabama. In the interior the weather has been
fine and plowing is progressing.
There has been rain on
one day the past week, the rainfall reaching seventy seven
hundredths of an inch. The thermometer has averaged 48,
ranging from 29 to 65.
Montgomery, Alabama, There has been rain on one day
of the week, the rainfall reaching nineteen hundredths of an
inch. The thermometer has ranged from 26 to 62, averaging 44.
5-8
2-9
Sinn
W€*M.
a*pt. 1.
93,000
Quiet.
to us
168
1902-03.
Sine*
Wttk.
Weak.
Weather Reports by Telegraph —Reports
9-2
20-8
—
. .
August—
Feet.
India Cotton Movement from all Ports. The receipts
of ootton at Bombay and the shipments from ail India ports
for the week ending Feb. 4 and for the season from Sept. 1
to Feb. 4 for three years have been as follows:
rtontibay.
Range.... 16'96(»-80 17 -47® -14 17 -10 9 -00 16-889 61 15-70-17-80 14-60-16 30
Closing
17 23 9-24 1807®11 17-39 9-40 17-60 9-61 15-92 9-93 15-18 9 20
Feb. 5, '03.
70
ffew Orleans...^ ..^^.Aboveiero of gauge.
llemphla..„»...> ..... .Above sero of gauge.
ffashville..^..... ......Above zero of gauge.
Shr«7eport...M. ..... ....Above lero of gauge.
Above gero of gauge.
'loksbnr g.
«
Options...
1903.
Feel.
l6-71tt 09 17-23» 92 16'80O 74 16-689-14 15-48-16-90 141S-15 90
17 -01 02 17 -83 a -84 17-12 9-13 17-18®-16 15-61®-C2 14-799-80
Spots
5,
Feb. 4, '04.
16-23 » -60 16-7S«>-41 16-409 22 16-040-50 14-90-16-83 18-88-16-40
Range
and Feb.
1904,
4,
NashvUle
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows,
Sat'day.
—
We have had rain on four days
with some sleet on one day, the rainfall
reaching eighty-seven hundredths of an inch.
The thermometer has averaged 87, the highest being 55 and the
16
BTew Orleftns
BfobUe
Augusta, Oeorgia.—There has been rain on two days of the
week, the rainfall reaching fifteen hundredths of an inch.
The thermometer has ranged from 24 to 60, averaging 37.
Savannah, Oeorgia.—There has been rain on two days during the week, the precipitation being seven hundredths of an
inch. The thermometer has averaged 44, ranging from 32
to 63.
155,«
161518
1581
1578
16
aalveBton...
591
1903
1904.
SH
lb$. Shirt-
32« Oop. ingt,
Twitt.
A.
A.
010
010
im
JJplds
to finest.
8.
6
6
WlOifl 6
" 22 ai6,8- lo'e 6
" 29 io4^
6
Feb. 510ifl9 11i« 6
Jan. 1 9ifl
•'
8 9i«
" 15 9%
d.
OotVn
common Mid. S2<
s.
1
f>8
1
«8
A.
9
9
lis
98 9
8
6
6
«8
«9
99
11
3
3
A.
8H
A.
lbs. Shirt- Oott'n
Oop. ings,
Twist.
A.
common Mid.
Upldt
to finest.
s.
6-96 78ie •8i« &
7-06 714 «8ia 5
7-;o 7B,e «8i« 6
800 738 083i6 5
8-62 77,6 «8l4 5
7-82 738 «83,85
d.
s.
©7
«7
2i«07
3 07
4 98
4 98
2
2
d.
A.
4-72
4-72
4-80
9
lOia 4-84
4-86
4-88
9
9
Cotton Consumption and Overland Movement to Feb. 1
present a synopsis of the crop movement for the
month of January and the five months ended Jan. 31 for
—Below we
three years.
THE CHRONICLE.
592
1908-04
1902-03.
1901-02.
'
262,452 297,118
Groas overland lor Januury
bales
274,279
982.7^9 1,118.171
OrOM overland for A months
726,786
209,178 202,557
Met overland for January
240,177
632.284 815,0s8 793,ft88
Net overland for 5 luoutlis
Port rtioelpts In Janiiiirj'
789,620 992,545 994.033
Port receipts in S luontlia
5,990.738 5,860,919 5,784,211
806,S48 947,870 9.%6,47e
Exports In Jnnxiary
Exports In 5 mouths
4.&88.213 4,407,692 4,534,019
988,695
781,792 1,056,097
Port stocks on January 81
Northern spinners' takln>;8 to Feb. 1
1,455,671 1,870,312 1,317,341
894,000 768,000
880,000
Boathem consumption to Feb. 1
Overland to Canada for 5 months (In44.296
65,258
87,920
cluded In net overland)
170
253
6,678
Bomt North and South In 5 months
20,418
5,219
6,688
Btook at North'n interior markeu Feb. 1
1,103,797 1,293,718 1.298.354
Came In slKht during January
7,921,022 7,968,007 7,875.583
Amount of crop In 8l(fht J'eb. 1
2,790,319 2,865,890
Game in sl^ht balance season...
10768326 10701453
Total crop
604-92
510-96
50776
AveraKe gfo** weight of bales
484-31
486-84
49003
Arerage net weight of bales
News.
Shipplnq
—As
sbown on a previous page,
the
I
The
prices of futures at Liverpool for each day are given
Prices are on the baais of Uplands, Good Ordinary
clause, unless otherwise stated,
flat.
Jan. so
Liverpool, per steamers
SaxoDla, 186 Sea Island
Georglo, 2,202
—
2,389
Havre, per sieamer La Champagne, 45 Sea Island.
Marseilles, per steamer Perugia, 2 j.
Bremen, per steamer Frank fore. 400
Antwerp, per steamer Bricleh Empire, 450
Prince Adalbert,
Genoa, per steamers Perugia, 450
161
To Naples, per steamer Prince Adalbert, 100
To Venice, per steamer Pooasset, 18m
ZlKW ORi.£Ai«B To Liverpool -Jan. 30— Steamer Magician,
5,399
Feb. 5 Steamer Costa Rlcaa, 1,200
To Belfast— Feb. 4 -Steamer Ramore Head, 3,100
To Havre— Feb. 3— Steamer Concordia, 5.963
To Bremen Jan. 80 Steamer Polarstjernan, 4,421
Feb. '2— Steamer Monarch, 23,893
To Hamburg -Jan. 30-8teamer AolUa. 2,384
To Cop6Dhagen-Feb. 2— 8teamer Alabama, 2,560
To fienoa-Feh. 2— Steamer Cerea, 10.966
To Trieste- Feb. 4— Steamer Margherlta, 850
To Vera Cruz -Jan. 29-Steamer Dagfla, 252
Galveston To Liverpool— Feb. 2 - Steamer Olvillai, 14,166..
To Manchester- Jan. 30 -steamer Belgian 4,169
To Bremen Feb. 4 -Steamers Courtfleld, 13,035; Iran,
13 773
Feb. 2—
To Hamburg -J an. 29 -Steamer Calabria, 984
Steamer Inchmaree, 2.670
To Antwerp— Jan. 29 -Steamer Middleham Castle, 2,561..
To
To
To
To
To
To Veracruz— Feb. 2 -Steamer Galveston. 1,575
Pass-To Lremen-Jan. 30-Str. Montgomery, 5,886...
Mobile— To Liverpool Jan. 30— Steamer Yoruba. 5.463
PEN8ACOLA— To Liverpool -Feb. 2-8teamer Maria, 550
To Genoa— Jan. 30 -Steamer Hercules, 775
Savannah— To Liverpool Feb. 1— Steamers Elsa, 2,101; ManSABiifE
iratlon, 2
6,699
3,100
5,963
28,314
2,364
2,560
10,966
850
252
14,166
4,169
26,868
3,654
2,561
1,57S
6,885
5,453
550
776
4,928
Elsa, 930;
Manchester Cor-
poration. 250
1,200
To Riga— Feb. 2-8teamer8
Elsa, 650; Manchester Corpor-
200
To Gothenburg -Feb. 2— Str. Manchester Corporation, 100
To Genoa, etc. Feb. 2— Steamer Marianne 6,782
Bbunswick—To Liverpool -Jan. 29— steamer Volage, 6,274...
To Manchester -Jan. 29-8teamer Volage, 836
B08T0W -To Liverpool— Feb. 2 -Steamer Canadian, 572
To Yarmouth-Feb. 2 -Steamer Bjston. 171
Baltemobe— To Liverpool- Jan. 29 -Steamer Vedamore, 1,504
To Bremen— Feb. s-Steamer Oldenburg, 754
Philadelphia—To Liverpool Jan. 29— Steamer Merlon, 62 1.
Sam Pbahoisoo—To Japan -Feb. 2 -Steamer Korea, 100
Sbattlb -To Japan—Feb. 2— Steamer Tremont, 250
-
Total
€01
100
189
Elsa, 2,853; Manchester
075
To Reval— Feb. 2-8teamer8
ation,
403
450
11,554
chester Corporation, 9,453
To Hamburg -Feb. 1- Steamers
Corp
45
25
750
100
5,782
6,274
836
872
171
1,504
764
624
100
250
177,217
—
LrvKEPOOL. By cable from Liverpool we have the following
statement of the week's sales, stocks, &c., at that port.
Jan. 15
bales.
Sales of the week
Of which exporters took. ..
Of which speculators took.
Bales American
39,OOC
4,000
2,000
33,000
14,00C
74,00C
Actual export
Forwarded
Total stock— Estimated
Of which American—Est'd.
616,000
686,000
96,00C
77,O0C
239,00C
192,0OC
Total imnort of the week
Of which American
Amount
Jan. 22
afloat
Jan. 29
33, out
Feb. 5
32,U00
1,000
1,0Q0
25,000
18,000
58,000
633,000
548.000
97.000
69,000
226.000
193,000
1,000
1,000
27,00'
9,000
49,00(
613,00(
534.00(
66,001
45,00<
288,00<
191,00(
30,000
1,00<>
1,000
26,000
14,000
76,000
625,000
64 2,000
81,000
61,000
215,000
176,000
Of which American
The tone of the Liverpool market for spots and futures
each day of the week ending Feb. 5 and the daily closing
prices of spot cotton, have been as follows,
If on.
TD«a.
Feb
Feb. 2
12i«
12>«
1.
4
IP.M. P. M. P. U. P.M.
d.
January
Thara.
FrI.
Feb. 6.
12ifl
4 I2i« 4 12)« 4 12ifl 1
P.M. P.M. P.M. P.M. P.M. p.u, P.M. P.M.
d.
d.
Feb. 4
Feb. 8
d.
d.
d.
d.
8 65
8 38 8 66'8
Jan. -Feb
Feb-.Moh.... 841 8 66 8
Moh.-AprU. 8 36 8<88
April-May
8 40 8 68 8
May June... 8 84 8 68 8
8 33 8 66 8
June-July
July- Aug.... 8 32 8 65 8
Aug. -Kept... 8 15 8 47 8
8ept.-Oct.... 7 41 N'm7
Oct -Nov.. 6 99 N'm7
.
.
.
Nov. -Dee....
8 61 8 80 8 61
^36
17 7 91
17 791
23 7 97
20 8 00
28 8 03
28 8 04
28 8 04
8 27 SOP 7 85
50 7 40 7 6217 48 7 33 7 18 6 98
06 6 96 7 14 7 00 i94 6 82 6 65
8 61 88086)
8 66 8 84 8 «6
91 8 6S 8 88 8 68
82 8 69 8 89 8 71
82 8 69 8 90 8 75
82 8 <)9 8 90 8 72
68 s 60 8 70 8 6a
....I. ...I
8
•136 8
S42 8
S 44 8
3 46 8
8 46 8
S 46 8
8 00 7
812
7 67
92 7 48
6 9i. 6 73
6 67 641
7
Mottday. Tuesitay Wd'day. thur$d'y Frida%
Sat'day.
Market.
12:30 p. it
Move
Moderate Moderate
M
slowly.
Mid: Upl'ds.
8*72
8-92
8-96
8-82
8*08
7 82
3.000
4 000
3,000
6,000
6,000
6,000
300
400
300
200
300
800
Sales
Spec.
& exp.
Dull.
Futures.
Market
}
^
Market,
4 F. H.
Vry Irreg.
V'ry irreg.
opened.
i(a,2
piB.
I
decline,
Irregalar,
demand.
demand.
at
Irreg. at
Irree. at
Irrea. at
2ii9 pt«. 22^25 pta. 12^18 pL« 12@17 pti. 60d.7u Pta.
ndvanoe.
deollne. advance,
decline.
decline.
Irretr.
',
I
i
Excited at Dnsettled
l
)
Bailer,
Easy,
^9)^-33}^ p. 6ipt.:do.|to unoh. to
Advance. « pts. adv. 8 pts. adv
Unsettled Excited at Weak at
18^14 ptBJltS<a80 pts. 42^74 pts.
deollne.
I
deollne.
dealing.
7 35
7
7
6
6
86
36
33
39
39
39
18
66
25
..
BREADSTUFFS.
Friday, Feb.
5, 1904,
Refl acting the upward tendency to values for the grain,
prices for wheat flrar have been advanced. Bayers have
shown increased interest in the market and have been willing to purchase supplies on the basis of old prices. Mills,
however, have held firm at the advance consequently only a
limited volume of business has been transacted. Bayers are
still fairly well supplied through their old purchases, and
this, too, haa a tendency to hold business 1q check.
Rye
flDur has been in fair demand and firm.
Buckwheat flour
has been in more active demand and firmer. Corn meal has
held firm at unchanged prices.
Speculation in wheat for future delivery has been active
at advancing prices, selling at the highest point reached for
several years past. The anticipated squeeze of May delivery, owing to the comparatively small stock of contracts for
delivery and the reported large outstanding short interest,
was the principal factor dominating the market. Shorts
generally were reported showing considerable nervousness,
and during the latter part of the week they have been anxious buyers to cover their contracts. Crop conditions in same
sections of the winter-wheat belt have been reported unfavorable, and this, too, has been a feature operating in
favor of the bull interests, The movement of the crop
for the week has shown a slight increase, bni; the supply of
contract grades coming to market ia reported relatively small,
loterior offerings of wheat have been reported as only moiDaring the latter part of the week foreign markets
erate.
were stronger and the revival of the war tali? from the Far
East had a bullish ioflaence. The spot market has been
firmer following the advance in futures, but tbe export business has continued quiet. To day »the market declined, but
rallied during the day and closed slightly higher.
The spot
market was firmer but quiet.
DAILY GLOBING PBI0B8 OF N0.2 BSD WINTBB WHBAT IN NE
Sat
Mon.
Tues.
Wed. Thurg.
Fri.
94
94
94
95
95
96
Cash wheat f. o. b
;
W YORK]
May
9258
87^4
delivery in elev
July delivery in elev
Sept. delivery In elev.
...
81
%
DAILY 0LO8IN0 PBI0E8 OF NO
8at.
May
delivery In elev
July delivery in eiev
Sept. delivery In elev
9014
8214
77 ^
95i«
96ie
96%
90i>8
9018
891a
8338
8358
Slk
8214
83%
2 BPBmO WHEAT IN CHICAGO.
Wed. Thurs.
Fri
Mon.
Tues.
9^38
9158
9i08
95
90%
8388
8608
Sd'^g
84%
827e
8OI4
80
78
78%
803e
92%
9336
87ifl
88
Indian corn futures have been fairly active and prices have
advanced to a new high record for the season, loflaenced
by the continued poor grading of the receipts and the small
stocks of contract grades, shorts in the speculative markets
have been good buyers to cover contracts. The long interest
has appeared to be concentrated in a comparatively few
hands, and, in their efforts to cover, bear interests have had
to bid up prices rather sharply. During the latter part of the
week the more warlike news from the Far East was a factor
in the advance in prices. The spot market has been firmer
and a moderate export business has been transacted, prinTo-day the market
cipally for shipment via outports.
weakened under profit-taking sales but rallied in the afternoon on renewed buying,, especially of the distant deliveries.
The spot market was quiet.
YORK.
DAILY CLO8INO FBIOE8 OF NO. 2 MIXED CORN IN
NEW
Thurt.
Wed.
Mon. Ttiet.
Kom'l Nom'l Nom'i Nom'l Nom'l
Sat.
Spot.
fl'fS
8 00 7 64 7
8 05 7 66 7
8 08 7 66 7
8 12 7 68 7
8 12 7 68 7
Jute Butts, Bagging, «&c,— The market for jute bagging
has been dull and featureless during the week under review
at the following prices: CJ^^c. for 1^ lbs, and 63^c. for 2 lbs.,
standard grades. Jute butts inactive at \%@\%Q, for paper
quality and 2@23^c. for bagging quality.
from mail and telegraphic returns, are as follows:
Nkw York— To
l3Qlviii.
below.
exjxjrta of cotton from the United States the past week have
reached 177,217 bales. The shipments in detail, as made np
Total balei.
Vol.
Cash corn
f.
o.
b
Fn.
61%
60%
57%
66 is
56S8
6«>^
May delivery in elev
67%
59%
6478
5714
54%
55
....
July delivery in elev
DAILY CL08INQ FBI0B8 OF NO. 2 MIXED COBN IN CHICAGO.
Fri.
Sat.
Mon.
Wed. Thurs.
Tues.
52i«
47i«
52»«
48««
Feb d elivery in elev
56i«
80i8
58
61'9
80%
May delivery in elev
64''e
48i8
6338
6008
4858
48%
July delivery In elev
52i4
60i«
4818
49%
48%
Sept. delivery In elev..— 47%
.
5m
6m
Oats for future delivery at the Western market have been
and the tendency of prices has contioued
towards a higher basis. Shorts have bought freely to cover
contracts, carrying the market to a new high basis for the
season. At the higher values speculative holders have been
reported fair sellers to realize profits. Locally the spot
fairly active,
Feb.
6,
THE CHRONICLE.
1904.]
market has been fairly active at higher prices. To-day
prices decliced early, but recovered the loss at the close.
The fpot market was steady.
DAILY CLOSniO PRICES OF OATS DJ NB\F
Wed.
Thura
Tues.
Fri.
8at,
Hon.
i.6^
46
46
46ifl
45
No. 2 mixed In elev
46»fi
SOVt
61
49
No. 2 white in elev
48
51
49>fl
DAILY 0LO8IKO PBI0E8 OF NO. 2 MIXED OATS IN CBIOAOOl
Thurg.
Wed.
Fri'
Sat.
Mon. Tues.
4314
43>4
41
41^
42 ^8
Feb. delivery in elev
45
46
46
4438
May delivery In elev
43
'8
14
447a
14
36 ''a
July delivery in elev
39^
39^
38
39%
3338
3312
sept. deUvery In elev
33
S3»«
33^
33«b
Following are the closing quotations:
FLOUK.
Patent, winter
Fine
'a>5 00
=.
$8 15 ®3 20
^ 14 70
Superfine
3 25 ®3 35
City mills, patent. 5 20 ®5 75
Extra, No. 2
Rye flour, superfine 3 20 ^3 90
3 40 ®3 60
Extra, No. 1
Buckwheat flour.. 2 10 '32 25
3 60 ®3 75
Clears
4 00 ®4 35
Corn mealStraights
4 40 ®5 00
Western, etc.... 2 95 ®3 05
Patent, spring
5 10 ®5 75
Brandy wine
3 05 ns 10
GRAIN.
Wheat, per busli—
0.
0.
Corn, per bush0.
c.
f.o.b.l05s^
N.DuL.No. 1
Western mixed..
53 '36138
N'thern Man., No. 2. f. o. b.97ifl
No. 2 mixed
f. 0. b.6138
Bed winter. No. 2.. f. o. b.96
No. 2 yellow
t, o. b.62
Hard winter. No. 2. f. o. b.95
No. 2 white
1. o. b.62ia
Oats— Mixed, p. bush. 46 ^48
Rye, per bushWhite
50ifl®56
Western
63 '367
No. 2 mixed..
46%®47ifl
State and Jersey.
60 '984
Barley— West
No. 2 white
51 '362
55 ^^68
Feeding
52 959
YORK.
.
Exports of Grain and Flonr from Paeifle Ports.— The
exports of grain and flour from Pacific ports for the week
ending Feb. 4, as received by telegraph have been as
follows: From San Francisco, Jan. 35, to United Kingdom,
80,000 bushels barley; Feb. 2, to Utited Kingdom, i8,000
bushels wheat; Feb. 3, to China and Japan, 21,000 bb?s. flour,
and Feb. 4, to Chii a and J&pan, 268, OCO bushels wheat.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1903, comparison being
made with the corresponding period of 1902-03.
Mxports
from—
San Fran.
PngetS'd.
Portland..
Flour,
Corn,
Oats,
bbls.
bush.
bush,
Wheat,
bush.
542,151 1,896,667
960,000
943,800
636,700 2,399,000
471
26 401
Barley,
bush.
4.262 6,140,620
253,179
Sye,
bush.
363
344
360,000
794 000
Total.... 2.138,861 5,239,467
Tot. '02-3.2,368,643 19,188,149
26,872
25,514
257,4417,294,620
707
845,296 7.258,248 231,132
For other tables asually slTen here see page
36({.
THE DRY GOODS TRADE.
New York, Friday, P. M., Feb. 5, 1904.
The cotton goods division of the market closes the week in
a more or less mixed condition. It was noted last week that
buyers were showing a disposition to depart somewhat from
the extremely conservative policy they had so long pursued,
indicating that the up-tothen great success of the "bull"
movement in cotton had made an impression upon their views
regarding the future. This impression has undoubtedly been
considerably disturbed by the sensational developments in
cotton this week and at the close business is once more confined almost entirely to purchases of spot goods for quick delivery. Sellers, on the other hand, show no change of front.
They are in a strong position so far as stocks of unsold goods
are concerned. There is no considerable quantity of any description on hand, while the market is bare of quite a number of lines. In regard to forward deliveries, sellers have not
at any time had prices nearly up to a parity with the recent
high cotton range and the decline this week still leaves a decided margin between cotton and cotton goods cost, to say
nothing of the uncertainty which still remains regarding the
future course of the market for raw material. A number of
advances in prices have again been reported, including both
plain and colored goods.
fair business is reported in the
woolen goods division, with a somewhat steadier tone at the
close of the week.
A
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending Feb. 1 were 9,569
packages, valued at |470,18?, their destination being to the
points specified in the tables below:
N«w 7oBK TO
Feb.
1904.
1903
Wttk tUneeJan,!
Wek. MinetJan.
593
and have operated more moderately in spot goods.
The business in heavy-weight sheetings and drills has been
indifferent, owing to the continued absence of buying of any
moment for export. Prices are slightly higher than a week
deliveries
Advances of 5 per cent are reported in various lines of
duck, and brown osnaburgs are occasionally J^e. to J^o.
higher, with a fair business. In all descriptions of coarse, colored cottons, the tendency of prices is up wards, although few
open advances have been made. Denims, ticks, plaids,
cheviots, etc., are all in quite limited supply and conservaBleached muslins and camtively held for forward delivery.
brics have sold moderately at recent advances, with an occasional line moving still further upwards. Wide sheetings,
sheets and pillow cases are strong but quiet. Canton flannels and cotton blankets are quiet but advancing. The
strength of staple calicoes is shown by further advances
quoted this week in a number of leading lines on which
prices are higher by J^c. than they were a week ago. The
upward movemenl; in print cloths contributes to the strength
of the print market, but on its merits the latter is in a good
Fancy prints are very firm with moderate sales.
position.
Q-inghams, which have been strong but stationary in price for
a consideraole time past, show an advance of 3^c. in leading
Some business is reported to have been done
lines of staples.
in regular print cloths at 4i^c., but sellers are not offering
thereat. The market is strong for both narrow and wide
ago.
odds.
Woolen Goods.— There
A
M
9
BE
IndiaArabia
Africa
^
OJ
oi
-
S:
Si
S:
-
1
I
^
M
.
...
^.
Weit Indlee...... ^^ ..^ ...
Hezloo
..^ .... ..... .....
Central A merloa. .... ~.. ~.
loath America.............
-
nt
»a
M
."
M
hT
v.
OtharOoantrlei. .... .... ...
Total..... _..
.... .... ...
9/69
13
132
342
880
101
1,285
4.631
2.962
54,078
23,272~
>4
00
102
2,617,090
114,300 162.986 174.123
583,299
29,688
00
CO
!
S
^
M
M
25,019
70,500 32.833
CO
&a
CO
1,384 1,011 3,226 2,193
o
i
sag
:
-
!
?
—
siiii:o
iiiT
p M to MM Ml
talf boi
b
M b
iocomwco
1
',
isa
I
ommcom
•
MMt-"
tf!.»c^-j>-;
woo CO »1 00
l^'i-'ebiaao
O<0
Eowow
MWCXtOtS
<ICO
to
50
-
OO)
OOMt-COtO
M OW
V>
oco
OJOOCOWM
VI
ifkOtl-'l^H'
CJIflD
^<Xl 0900 09
CO
H
<1
i
O
en
Mcocnciicxi
K>
b
foa.
WW;~ipsS
b'—toviio
I
to
mS
OS
»
tocoaooco
en
•
coaDijiOi^
btocnw
00 CO a cc o>
O
O MOMOOOO
i
I
MtO
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CO 01
MCOOi 00s
Mcoc^ooa
1^000 '-'00
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CO
CO
00
Mw
lO.
I
I
tow
<XM
000 w
l^ltk
CI>C^l(^
M MM to COM
MtOMOStO
11,761
5.638
<»»JO0>-«q
MM
'
to
(^CD'it^CO
- If cn o>
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en
M
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I
I
If
aoenMif
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M»
tocooieco
If
to
<-•
522,857
102,184 183.912
141,729
59,189
35.843
137,009 191,748
bo
89,362
47,200 56.713
en
00
oo
CO
M
M
OHMMM
'<0
66,765 47,693
03COa>t0
3S
0<I^.Oi#.{J<
00
MM
»
I
Qob
•at-"
I
»os
VIM
I
tOtOOiQOCX
0)»-<oaao>
1
ca'no
0*>
;oac-4M^
OdO
>4a
oco
tv3
to
I
M M
M_^ If M
M
kO to <l CB 09
M-JQOOSM
Ap
to *' CO W «3
00
«_05
I
i
I
MO-^
— 05O
9cn<]^oo
cx) ic^
I
*. 00
cooobtwla
COft.
cncoooif
If oocotocn
CO
CO
o...
NiMQoooeo
MCnCOOQM
«C»1
it.'O0>'409
CD
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I
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w.^^i"'?'-^
o'enewMOO
09Cn
cncn
MM
wen
cou(
(a
00
to
09
M
S>C<3
bs
MODOen
M^CX>C0tO«f
2,899,826
522,032
9
cncncoblo
CO
2,899,826
1^
CD
00
00
bVcob'^
oi»>-ento«P
pen to — 00
MtotOAOO
coosMCnco
moccotsu
OltO
<)ca
eo
177379
1
'
OS toQD coco
coir^
C0-4tSC0l^
to
w
New
S
WM
oicrooM
to
CO
Si
i
!
Qoabcji
«JI-'
m
202
844
The value of these
York exports since Jan. 1 has been
$l,198,0i5 in 1904, against $2,300,013 in 1903.
Early in the week the demand for otowa sheetfnga in light
weights for converting purposes was ot fair extent for both
quick and forward delivery, but during the past few days
buyers have largely withdrawn from the market for forward
ri
i
tPCCMWlf'
o<oi
l-OS
(~i
p
M
*>•
168
t
S.H;
!ili|T
m
CO
CD
09
1,681
4,216
1,005
•
z
I
M M
OOi ^
09
o\o
CO 10
too
364
1,018
•
2.606
CO
6
O
t
I
10,032
395
1,219
3.884
i
gn
1"
33,356
1,989
84
»!
o
i
!!!>'
ii
188
182
..
t*!
S
n
s
I
'-Of.
§.*:!?,
-
.
-
:
S:
St
83
46
6,269
2,364
4,326
1.192
1,807
PH
-
C/t
95
169
number
weeks. The new lines, as was the case with those previously
opened, show irregularity in prices, and, where comparison
The
is possible, a lower average of prices than a year ago.
demand for staple and fancy woolens for men's wear for fall
has shown some improvement and in some quarters a steadier
tone than of late. Reorder business in light-weights has been
without special feature. The overcoating division of the
market continues quiet and disappointing in most directions.
Fancy overcoatings are in relatively best request. Cloakings
also are quiet without quotable change. Tnere is a growing
demand for woolen and worsted dress goods for fall, the majority of new lines being either opened or ready. The tone
moderate demand is reported for
of the market is steady.
spring lines.
Foreign Dry Goods.— Imported woolen and worsted
dress goods are generally firm with a fair demand. Business
in piece-silks and ribbons is improving with a generally s eady
market. Linens have an advancing tendency. Burlaps also
are against buyers, with a good demand coming forward.
Importations mud WareUoase Wltltdraivala ot Dry eooda
The Importations and warehouse withdrawals of dry goods
at this port for the week ending Ftb, 4, 1904, and since
January 1, 1904, and for the corresponding periods of last
year are as follows:
1.
are»t Britain..
Other axopean.,
China
.^
has been a considerable
of buyers in the market this week, attracted by the openirg
of many new lines of fancy worsteds for men's wear for fall.
An increase in the volume of business passing has followed
and more satisfactory results recorded than during recent
benooVV^
<I^O9tOOO«0
ifeo':;ipif
COM A ^^
MCOlf OtO
MOjaoecO
I
:
.
THE CHRONICLE.
594
State
City B£F)*i^tm£Wt.
atjb
Jhc
(Thvoniclje*
Terms of Subscription— Payable
all
in
Adrance:
$10 00
6 00
13 00
7 50
Suppi.kmkntb
Xnroi><»an Subscrtptlon (Inclndlna: postape)
Iarop*an SubBcrlinion Six Monthe (Inolndlng postage)
idity of the bonds and mortgages in controversy" nor "ques^^
tion respecting the title of South Dakota to the bends " He
also sail
We are oonfronted with the contention that there is no power In this
Court to enforce such a jadsment. and that such lack of power Is oonolut<lye evidence that, notwlthstiindlDff ths Keneral li»nKiia);n of the
Constitution, there Ifl i»n imvlled exception of actions brought to recover money. The public property held by any municipality, oltjr,
oonnty ur State Is exempt from seizure upon execution becadse It Is
held by such corporation, not as a part of Its private assets, bat as a
PUBLISHED WEEKLY.
For One Year, Inolndlng
For 8Ljc Months
[Vol. Lxxviii.
The Railway xxv Industrial Section, Issued quarterly, Is furnished
withoui extra charge to every annutkl sabsorlber of the Cohmeroial and
Financial Chronicle.
The State and Cmr Section, iBsued Renil-anmially, Is also furnished
without extra 'Itargt to every eubsorlber of the Chhonicle.
The Street Railwat Seotlon, Issued tliree times a year, 1e likewise
fnmlphed trithout extra charge to every subscriber of the Chkonicle.
truHtee for publlo purposes.
There Is In this case aniortfrage of property, and the sale of that
property under a foreclosure may satisfy the plaintiffs' claim. If that
should be the result there wonla be no necessity for a personal JndRuient against the State. That the State Is a necessary party to the
fnrecloBun* of the mortgage was settled by Christian vs. Atlantic
North Carolina Railroad Company. Equity Is satlstted by a decree for
a foreclosure and sale of the mortKaged property, leaving the question of a Judgment over for any deflolenoy to be determined when. If
ever. It arltes. And surely If, as we have often held, this Court has
jurisdiction of an action by one State against another to reoovera
tract of land, there would seem to be no doubt of the Jurisdiction of
one to render a decree tor the sale of personal property.
A
The Bank and QroTATioN Section, issued monthly, Is also furolshed
without extra charge to every subscriber of the Chroniolb.
Terms of AdTertisin^—(Per Inch
Bond Proposals and Negotiations this
Space).
week have been as follows
Tliree Months (13 times)
$29 00
Albany County, 'N. Y.— Bond Offering,— John A. Howe
Six Months
(26 times) ... 60 00
:
Transient matter (each time) $4 20
8TANDINO business CARDS.
Tvo Months
. . .
$22 00 Twelve Months (52 times) ... 87 00
(8 times)
B. DANA COITIPANT, JPublUhers,
Pine Street, corner of Pearl Street,
WILLIAim
NBTT YORK.
Foex OFPICB Box 958.
County Treasurer, will sell at 12 M., Feb. 15, $57,000 i%
registered refunding war-loan bonds. Date of bonds, March
Maturity, $1,000 yearly on
Interest, semi-annual.
1, 1904.
March 1 from 1905 to 1924, inclusive, and $37,000 on March
Jr.,
1,
1925.
Allegheny, Pa.— Bond Issue Authorized.— The City Councils on January 21 passed an ordinance authorizing the issuance of $400,000 4% judgment-fund bonds to be dated Feb. 1,
1904.
Denomination, $1,000. Interest semi-annually at the
The aggregate of municipal bonds sold during the past oflSce of the City Comptroller. Maturity, $16,000 yearly on
month exceeded the total for January of any year since the in- February 1 from 1905 to 1929, inclusive. These bonds are to
be taken at par by the Sinking Fund Commission.
auguration of this Department in 1892. According to our recBond Ordinance Passes Couneds.— The City Councils have
ords, the sales reached $24,054,801 this, too, without counting passed an ordinance providing for the issuance of $25,897
15,991,933 temporary loans, $183,186 Canadian loans and the i% Grand Avenue grading, paving and curbing bonds. De$7,000, OCO Philippine loan.
In December 1908 the total was nomination, $1,000. Date, Feb. 1, 1904. Interest, semi annual. Maturity, Feb. 1, 1909. These bonds are also to be
MUNICIPAL BOND SALES IN JANUARY.
—
and in January 1908 $15,941,796.
York City, with $10,000,000 of public
$18,491,797
New
sold to the sinking
sales
and $1,100,.
812 sinking fund takings, furnished nearly one-half of the
month's disposals. The city's public oflEering on January 20
resulted, as usual, in many bids, and the twenty-one issues
were allotted to nearly sixty different individuals and firms
at an average price of 100-23— a basis of about 3 '49^. The
State of Massachusetts put out at private sale $3,650,000 Z%%
bonds, the successful bidders being a syndicate composed of
N. W, Halsey & Co., New York City, and Merrill, Oldham &
Co., R. L, Day & Co. and Bstabrook & Co. of Boston.
Parson, Leach & Co. of Chicago purchased late in the month an
issue of $1,425,000 4^ Chicago Sanitary District bonds at par.
Several other large disposals go to make up the unusual
figures for the month. Camden County, N. J., on the 28th
placed $700,000 i% court-house bonds on a 3'70^ basis. Kansas City, Mo., on the 4th disposed of an issue of $500,000 i%
water bonds on a basis of S'15}4%. Minneapolis, Minn., placed
$415,000 bonds, while York, Pa., with an issue of $400,000
water bonds, also counted in the month's total.
The number of municipalities emitting bonds and the number of separate issues made during January 1904 were 122
and 202, respectively. This contrasts with 187 and 259 for
December 1903 and with 118 and 179 for January 1903.
Owing to the crowded condition of our columns, we are
obliged to omit this week the customary table showing the
month's bond sales in detail. It will be given next week.
News
Items.
North Carolina— South Dakota,— £>ecmon of Supreme
Court.— The United States Supreme Court on February 1
handed down an opinion in favor of the State of South Dakota in the suit brought by that State some time ago to recover on bonds and coupons issued by North Carolina and
secured by 100 shares of the North Carolina Railroad Co.
Under the decision the amount due the State of South Dakota is adjudged to be $27,000, being the nrincipal on ten
bonds of $1,000 each and the interest coupons attached thereto.
In default of payment the Marshal of the Court is directed to sell all the interest of the State of North Carolina
in and to the 100 shares of the capital stock of the North
Carolina RR. Co. belonging to the State of North Carolina.
As stated in V. 73, p. 1074, these bonds were presented to
South Dakotaf in aid of the State University and with the
end in view of prevailing upon that State to bring an original
action in the United States Supreme Court. While the tState
of South Dakota recovers the $27,000 referred to above, the
action of the individual holders of stock, who were represented in the case, was dismissed.
The opinion was written by Justice Brewer, who said in
his remarks that there was "no reasonable doubt of the val-
fund at par.
Alliance, Ohio.— Bond O^eringr.— Proposals will be received until 12 M,, February 24, by Cbas. O. Silver, City
Auditor, for $31,600 4% refunding bonds. Denomination,
In$500, except one bond for $600. Date, March 10, 1904.
Materest semi- annually at the office of the City Treasurer.
turity, March 10, 1914,
Certified check for $1,000, payable
to Chas. O. Silver, City Auditor, required.
Bangor, Me.— Note -Sa^e.— This city has sold $61,231 20
Banking Co. of Ban43^!? bridge notes to the Eastern Trust
gor at par. Securities are dated Dec. 16, 1903. Interest semiannual. Maturity, $11,231 20 on Dec. 16, 1904, and $50,000
on Dec, 16, 1905.
&
Bigatone Gap (Town), Ya.— Bond O/eringr.— Proposals
February 15 by W. H. Horton, President Board Sinking Fund Commissioners, for $20,000 5% gold
coupon water and improvement bonds. Denomination, $1,000.
will be received until
Date. Jan. 1, 1904. Interest semi-annually at the office of
the Town Treasurer. Maturity, Jan. 1, 1934. Bonds were
authorized by vote of 112 to 41 at election held Dec. 29, 1903.
Present bonded debt, $25,000. Assessed valuation, $615,063 20; real value about $1,230,126 40.
Black River Falls, Wis.- Bonds Voted and Provided For.
—This city on January 19 voted $30,000 5% bonds for the purchase of water power. These bonds, we are advised, will be
issued direct to the parties selling the power. Securities
will mature in ten years, but are subject to call before that
time.
Bloomville, Ohio.— Bond O^ering.— Proposals will be received until 12 M., March 4, by E. K. Huddle, Village Clerk,
for $1,8C0 i^% building bonds. Denomination, $300. InterMaturity, $300 yearly on March 1 from
est, semi-annual.
1909 to 1914, inclusive. Authority for issue, Section 2835,
Revised Statutes of Ohio. Certified check for $100 required.
Batte County (P. 0. Belle Fourche), S. Dak.— Bond Sale.
On January 7 the $65,000 5% 5-20-year (optional) funding
bonds described in V. 77, p. 2351, were awarded to the Butte
—
County Bank
at 99 •73.
Pa.— Bond O^mnflf.— Proposals
will be received
by J. Craig- Jr., City Treasurer, for
the purchase of $30,000 or less i^i coupon improvementassessment bonds to be issued by the city of Chester on Feb.
Denomination, $500. 'interest, semi-annual. Ma1, 1904.
turity, ten years, subject to call whenever $500 accumulates
in the paving fund.
Certified check for 5% of bonds bid for
Chester,
until 12 M.,
February
8,
required.
Chester County (S, C.) School District No. 1.— Bonds Not
Sold.— The $10,000 4>^^ coupon school-house bonds offered on
January 28 were not sold. See V. 78, p. 243, for description
of bonds.
Cincinnati, Ohio.— Bonds to be Offered Shortly.— It Is
stated in local papers that preliminary seeps are being taken
looking to the issuance of the $1,000,000 d}4% park bonds
mentioned In the Chronicle May 10, 1903.
Clermont County (P. O. Batavla), Ohio.— Bond Sale.—
On Jan. 80 the $20,000 5% bridge bonds described in V. 78,
Mayer, Cincinnati, at
p. 118, were awarded to Seasongood
107'84 and interest. Twenty-five bids were received for this
&
issue.
Feb.
6,
THE CHRONICLE.
1904. J
Cleveland, Ohio.— Bond Offering,
ceived until 12 M., Marcti
for the following bonds :
$200,000 i%
7,
by
—Proposals
J, P.
will be reMadigan, City Auditor,
coupon grade-crossing bonds, dated Feb,
1,
1904,
Matarity, Feb.
1,
Maturity, April
1,
1919.
100,000 4%
coupon funded-debt bonds, dated April
1,
1904.
1919.
20,000 i% coupon Sewer District No. 15 bonds, dated April
April 1, 1919.
Denomination, $1,000.
Interest,
1,
Maturity.
1904.
semi-annually
at
American Exchange National Bank, New York City, A
tified check on a national bank for 5% of amount bid
the
cer-
for,
is re-
payable to the "Treasurer of the City of Cleveland,"
quired.
Bids must be made on blanks obtained from City
Auditor. Purchaser to pay accrued interest.
Bonds Proposed. Superintendent Bemis of the Water Department recommends the issuance of $175,000 water- improvement bonds.
Concord, N. H Bond 8ale.— On February 2 $30,000 Z}4%
water bonds were awarded to Farson, Leach & Co. of New
York City at 100-87. Following are the bids
N. W. Harris & Co., New York. .100-079
Farson. Leach &Co.. New York.l00"87
Geo. A. Kernald & Co., Boston. 100*84
Securities are dated Jan. 1, 1904, and will mature $15,000
Jan. 1, 1928, and |15,000 Jan. 1, 1924. Interest, semi-annual.
Bonds are exempt from tazatiou when held by citizens of
Concord.
Cook County (P. 0. Chicago), 111.—Bond Disposals.— We
are advised that of the $500,000 3>^« gold asylum-building
bonds voted in November, 1902, $207,500 have been sold up
to date at par. This makes $16,500 of the|bonds so Id since
our report last October. See V. 77, p. 852.
Cordell, Okla.— Bond «aie.— The $35,001)
10-30-year (optional) water bonds voted last April have been sold at par.
Cnmberland Coanty, N. J,—Bond Sale.— Oa February 1
the $20,000 i}4% registered road-improvement bonds described
in V. 78, p. 353, were awarded to the Cumberland Trust Co.,
Bridgeton, at 105-35. Following are the bids
Cumberland Tr. Co., Bridgeton.105-35 Jno. D. Bveritt & Cc.N. Y
104 86
106373 rarnon. Leach ACclNew Yorli.10245
Kountze Bros.. New York
N. W. Harris* Co.. New York.. 10rl2
T. W. Stephens & Co., N. Y
10230
N. W. Halsey & Co.. New York. 104-88
101-;!5
8. A. Kean, Chicago
Dajton, Ohio.— Bond tiale.—Oa January 30 the $25,000 4jg
coupon bridge bonds desctibed in V. 78, p. 118, were awarded
to Trowbridge & Niver Co. of Chicago at 102'87.
Enslej, Ala.— Bond Sate.— The $10,000 5% gold sewer bonds
mentioued in V. 77, p, 2298, have been sold to Steiner Bros,
—
—
:
595
La Crosse, Wis.- Bond Oj^erinflr.— Proposals vrili be received until 2 p. M., February 10, by Joseph M. Sieger, City
Clerk, for $15,000 d}4% coupon water bonds. Denomination,
Date, Jan. 15, 1904. Interest semi-annually at the
$1,000.
oflfice of the City Treasurer.
Maturity, Jan. 16, 1824, subject
to call after Jan. 15, 1914.
La Forte County, Ind.- Bond Sate.— On Jan. 29 $19,299 25
6^ 2-10-year (serial) Long Ditch drainage bonds and $15,019
2-10-year (serial) Stielow Ditch drainage boDd8 were
awarded to the New First National Bank of Columbus for
H
$19,759 25 and interest", aud $15,889 and interest, respectively.
Securities are dated December 31, 1903, and the interest will
be payable semi-annually at the First National Bank of
Chicago.
Lee and Whiteside Counties Union Drainage District
1, 111.— Bond Sate.— This district, situated in Hamilton
Townshio in Lee County and in Hahnaman Township in
Whiteside County, has sold an issue of $104,000 5i registered
bonds for the purpose of straightening Green River. Danominations, $500 and $1,000. Dd,te, Jan. 1, 1904. Interest
No.
I
.
|
H
:
I
|
I
1
of
Birmingham.
annually at the office of the State Treasurer. Maturity, onesixth yearly on January 1 from 1909 to 1914, inclusive. Bonds
were taken at p'ir by N. W. Harris & Co. of Chicago.
Lorain (Ohio): School District.- Bond Sate.— On Feb. 1
the $75,000
couponjbonds described in V. 78, p. 119, were
Co, of Cleveland and Boston at
awarded to Denison, Prior
101 68 and interest. Following are the bids
f
H
&
:
Security Sav, B'kl& Tr. Co. ..$76,105 25
Denison, Prior ft Co., Cleve$76,260 00 Fuller, Parsons & Snyder,
land and Boston
76,100 00
CI e V e Ian d
Union Sav. Bk. & Tr. Co
75,105 00
Beasonuood* Mayer, Cmcln. 76,000 00 Peder, Holzman ACo., Cln... 75,095 00
Hayden, Miller & Co.. Cleve. 7.5,760 00 A. V. Ha^eman
76,075 00
Farson, Leach & Co., ChicaKO. 75.750 00 Spltzer &C0., Toledo
76,025 00
Lamprecht Bros. Co., Cleve.. 75,537 60
M^Henry. Miss.— Bond Sate.— The $3,500 6^ school bonds
ofterea on Januiry 9 were awarded to !;F. R. Fulton & Co.,
Chicago, at 100 857 and lithographed bonds. See V. 78, p.
59, for description of bonds.
Massachusetts.- Bond Issues During 1903. The 1903 report of State Treasurer Bradford recently submitted to the
State Legislature reveals the prices paid during 1903 for the
bonds issued by that Commonwealth, During the year $7,016,150 bonds were put out, $2,102,150 being direct debt, for
which the State is entirely responsible, and $4,914,000 contingent debt, that is where the State has temporarily loaned
its credit to cities and towns.
The purposes for which the
debt was created are as follows
DIBEOT DEBT.
|5,000
Massachusetts war loan
—
:
Flint, Mich.— Bond Sate.— This city has sold at private
sale to local parties at par $10,400 5^ 1-4 year (serial) sidewalk bonds. Denominations, $100 and $500. Dj,te, Feb. 1,
1904.
Interest, annual.
Fostoria, Ohio.— Bond OJ'ermgr— Proposals will be received until 12 M., February 27, by James T. Yant, City Auditor, f ^r $14,867 il4% coupon refunding sswer and street
bonds. Denominations, eleven boads or $1,000 each, six of
$500 each and one of $867. Date, Mar. 1, 1904. Interest semiannually at the National Park Bank, New York City. Maturity, Sept. 1, 1923.
Accrue! interest to be paid by purchaser. Certified check for $500, payable to the City Treasurer, required.
Gibson County, Ind.— Bond O^mng'.— Proposals will be
received until 12 m March 1, by F. D. S. Knowles, County
Treasurer, for the $123,200 43^^ Patoka Township free gravel
and macadam-road bonds wnich were offered but not sold
Massachusetts Hospital for Consumptives loan
Massachusetts Hospital for Epileptics loan
150,000
50,010
165,500
205,000
746,650
400,000
330,000
Meddeld Insane Asylum loan
Metropolitan park loans, series two and one half
Prisou and hospital loan
State highway loan
State House loan
Total
$2,102,150
CONTINGENT UEBT.
Armory loan
$8,000
Metropollr.an park loan
Metr )politau park loan, series two and one-half
Metropolitan sewerage loan, north system
Metropolitan sewerage loan, south system
4(56.000
206,000
600,009
1,'38,000
2.000,000
Metropolitan water loan
Total
$4,914,000
,
on Aug.
17, 1903.
Denominations, one hundred and twenty
of $l,OoO each and forty of $80 each. Date, Aug. 4, 1903,
Inteiest, May 15 and Nov. 15 at office of County Treasurer.
Maturity, $3,080 each six months, beginning May 15, 1904.
certified check for $500 required with each bid.
Gloucester, M.ais.
Temporary Loan.
This city has
awarded an eight months' loan of $75,000 to the City National
Bank of Gloucester at 4'03i{. The following bids were received:
City Nat. Bank, Gloucester
i'i)3%
Cape Ann'Natlonal Bank
4-07S6
4-06%
Bond it, Goodwin, Boston
LorlnK, Tolman & Tupper.Bos. 4-24^
Grant County (P. 0. Marion), Ind —Bond -Sate.— On January 26 the $95,000 4^ jtiU bonda described in V. 77, p. 240J,
were awarded to the Marion Bank at 105*658. Following
are the bids
Marion Bank, Marlon
$100.375 00 H. M. Campbell &Co..Ind'lls.. 193.800 00
E. D. Bush « Co
98,600 50 J. F. Wild & Co.. Indiau'lis.
90,723 00
Farson, Leach i Co.. Chlc.
98,3!!6 00
N. W. Harris & Co., Chicago.. 1*0,501 00
First Nat. Bank. Marlon.... 97,50? 00 W.J. Hayes & Sons. Cieve... 95,890 00
A
—
—
I
I
.
.
.
.
.
& Co., Clneln. 97,213 00 SeasouKood & Mayer. Cin.... 96,726 00
Greensboro, N.,C.— Bids Rej'ected.-It is stated that all bids
received Jan. 15 for the $100,(J00 water, the $75,000 sewer and
R. Kley Dolte
.
the $75,000 street 4% 50 year bonds, voted at the election held
Oct.
9,
1903,
were rejected,
Jefferson Coanty, Ohio.— Bo«d Q^eringr.— Proposals will
be received until 12 M., February 23, by tbe Commissioners
of the Neel Free Turnpike, care of the County Auditor at
SteubenviUe, for $10,000 5% turnpike bonds. Denomiration,
$500. Date, March 1, 1904.
Interest, semi-annual at the
office of the County Treasurer.
Maturity, $500 each six
All the above loans were negotiated privately, there being
no public sales during the year. Where il was possible to
obtain the facts, these sales Wdre published in the Chroniclk
(it the time when they
were made, the successful bidders
being given in the case of $5,101,000 of the bonds. With the
submission now to the Legislature of the State Treasurer's
report, the whole record is disclosed. The figures below are
as printed in the "Boston News Bureau" and cover sales to
outsiders, but not to the sinking funds
:
Bonds sold Feb. 23, 1903.
$100,000 3Ji« sewer bonds, maturing July, 1940, at 108'25.
Bonds sold Apri' 3, 1P03.
$478,000 S]^% sewer bonds, maturing July, 1940, at 106-75.
Bonds sold April 6. 1908,
$250,000 3}i% water bonds, maturing January, 1948, at 106-725.
.Bonos sold April 16. 1803.
$25,000 3)4% sewer bonds, maturing July. 1910, at 105-494.
iionds sold Avril 17, 1903.
$133, 000 3i4% sewer bonds, maturing July. 1940. at 105-986.
1,250,000 3h> water bonds, maturing January, 1913, at 106-132.
B inds sold May 21, 1903.
$25,000 3VfiS park bonds, maturing January, 1943, at 106-242.
llO.OfiO ai^« park bonds, maturing January, 1948. at 106-242.
200.C0 3%% sewer bonds, maturing January, 193i', at 105-H2.
50,001) 3^% sewer Donds, maturing January, 1948, at 105-S8.
4.00() ^%% sewer bonds, maturing March, ly85, at 105-645.
996,000 3H« sewer bonds, maturing January, 1H4;^, at 1()6-:J42.
8o0,000 3^% highway bonus, maturing April, 1933, at 105-32.
B-ynda soli July 8. 1903.
$200,000 3\0, hospital bonds, maturing May, 1933, at 103-776.
165,0)0 HH* asylum bonds, maturing April, lit«3. at 103'76tf.
840,000 :^H% park bonds, maturing Januarv, 1943, at 1'14-419.
800,1)0') 3'^'i park bonds, matarlug Jannary. 1M43, at 104 '419.
2d0,0(i0 :',\^% sewer bonds, maturing January, 1W43. at 104-419.
746,000 8V4» hospital bonds, matuilug May, 19S3. at 103-776.
100,000 3K;» highway bonds, maturing April, 1033, at 103-769.
I
months from Sept. 1, 1905, to March 1, 1913, inclusive, and
$2,000 Sept. 1, 1913, Securities are issued under the authority ot Section 4808, Revised Statutes of Ohio
Certified
check for 5^ of the gross amount for which bid is made,
payable to the Commissioners of the Neel Free Turnpike, required.
Johnson City, Tenn.— Bond Sate.—This city recently
awarded to Albert Kleybolte
Co., Cincinnati, $28,000 5%
paving bonds at, par and interest. Tnese bonds were offered
but not sold last October. See Y. 77, p. 863, for description
The sinking fund absorbed altogether $894,150 bonds as
follows : $500,000 Z)4.% water bonds, maturing January, 1943;
$8,000 Z% armory bonds, maturing March, 1937; $5,000
war bonds, maturing April. 1928; $500 3J^* asylum bonds,
maturing April, 1933; $100,000 3 1-5^ park bonds, maturing
January, 1943; $650 '6)4% hosoital bonds, maturing May,
1933, and ;$80,000 Z]4,% State House bonds, maturing Octo-
of bonds.
ber, 1918.
&
Bonds
sold Oct. 28. 1903.
$300,000 3\i% State-House bonds, maturing October. 1918, at 102-341.
Total sales to outsiders, $6,322,000.
H
—
THE
596
ClIHONICLE.
Temporary Loan«.— Dnrlog the year 1908 $4,000,000 was
borrowed temporarily by the State of MaeaHchusetta at rates
varylnp from i'50i to 4'75^. These varions loans all matnred last November.
Majwood. N. J.— Bond Sale. -On Febrnaiy I the $8,000 S*
oonpon road bonds described in V. 78, p. 300, were awarded
to a private party at 10;M25.
Mel(f8 CouLtjCP. O. I'oBieroy), Ohio.— Bond Offering.—
Proposals will be received nntil 2 p m., February 9, by A.
W. Vale, Connty Auditor, for $50,000 i%i coupon turnpike
bonds. Authority, Sections 4766 and 4769. Revised Statutes
of Ohio.
Denomination, $1,000. Date. March 1, 1904. Interest semi annually at the office of the County Treasurer.
Maturity, $0,000 yearly on March 1 from 1909 to 1916, inclusive, except in the years 1910 and 1911. when $7,000 bonds
will mature.
Either cash or certified check, pavable to the
County Auditor, for $500, required with bids. Bonded debt,
$82,000; aasesfed valuation. $8,741,975.
Miami Conntj (P. 0. Troy), Ohio.— Bond Offering.- Proposals will be received until 12 M., February 18, by E. E.
Pear.-on, County Auditor, for $10,500 b% pike and $21,900 5%
ditch coupon bonds. Denominations, $100, $3f0, $300 and
Date, Jan. 1. 1904. Interest semi-annually at the
$500.
Bonded debt, including this
ofiSce of the County Treasurer.
issue, $180,000; assessed valuation, $25,000,000.
Mlnot(N. Dak.) School District.— Bond Sate.—This district has sold an issue of $18,000 i% school bonds to the State
at par. Authority, election held Dec. 19, 1903. Denomination, $1,000.
Date, Feb. 1, 1904. interest, annual. Maturity, Feb. 1. 1924
Mojare School District, Kern County, Cal.— Bond Offering,— Pro^posala will be received until 10 a. m. to-day (Februby the County Supervisors, for $4,000 Q% 5 8-year
bonds of this district.
Newport, B. 1.— Bonds Proposed.— A bill was recently introduced in the House of the State Legislature authorizing
$150,000 bonds to fund floating debt.
Pomeroy, Ohio.— Bond Sale.— On February 2 the four
issues of 5% light, water and debt bonds, aggregating $18,929 87, described in V. 78, p. 245, were awarded to Denison,
Prior «fe Co., Cleveland and Boston, at 105'069. Following
ary
6),
(serial)
are the bids
:
NEW
NEW
LOANS.
j^lSfO,000
HUDSON COUNTY, N.
J.,
Fonr Per Cent Bond?.
By
virtue of resolutions of the Board of Chosen
Freeholtfers of the County of Hudson, State of New
Jersey, passed at a meeting held Wednesday, Jannary 27, 1904, sealed bids and proposals will be
received and opened at the meeting of said Board,
to be held in the Court House, Jersey City.
THURSDAY. FEBUAKV
at 4 o'clock, P.
11th, 1904,
lYI.,
for the sale of $1S0,000, "New County Building
Bonds." Said Bonds to be one or more Bonds of the
Connty of Hudson, in denomination of not less than
$1,000 each, to run for a period of forty years, to
bear date March 1, lli04, with Interest at four per
centum per annum, payable semi-annually and to be
sold for not less than par and accrued Interest.
Each proposal or bid mast be enclosed In a sealed
envelope, endorsed "Proposals for Bonds" and to
be accompanied by a Certlfled Check, enclosed therein, drawn to tbe order of Stephen M. Egan, "^ounty
Collector, on some National Bank or Trust Company
doing business In Hudson County, or cash in the
sum
of Three
Thousand
Dollars.
may bid for the whole or any part of the
The Board reserves the right to reject any
Bidders
Issue.
or all bids If it be deemed for the best interests of
the County so to do.
By order of the Board of Chosen Freeholders,
JOHN
P.
EGAN,
Clerk.
Bidders will please furnish certlBed checks, instead
of cash, if convenient.
ELECTRIC RAILWAY BOHDS.
Bonds
Nettin<r
i% a Spscialtv.
Chamber mt Csatmere*,
13 W^all Strest.
DETROIT.
NEW YORK.
[Vol. Lxxviir.
/*remtum.
Dentton, Prior ft Co.. Cleveland and Hoiiton
$060 70
\V. J. IlHT»a A Hong. Cleveland. »if:i dd
K. Kleybolle .tC'o.. Clnolnniitl.. •OlBl
Keiler. Ilolr.man 4 Co., Clncm.. 7f)0 00
bbHll
liHuiprechi Brno. Co., Cleve
H
was
The
Ravenna National Bank of Ravenna at 105'38.
bids were as follows
lUvpnna Nat. B'k, Ravenna. $14,746 20 LainpreohtBrofl.ro., nievo..|U.892 00
Uaydeii, Mlllor & Co.. Clovo. 14,602 00 Won, noth A Co., Cincinnati. 14.8«7 00
that of the
:
W..J. HaTeii ,t Sons. <^leve... 14,486 00
ProT. Sav. B k & Tr. Co.. CIn. 14.4S4 40
Security Savings Bank A Tr.
Co..
Toledo
Deuison, frior X Co., Cleveland and Boston
14,896 20
^
Llpman. Wolfe & Co.
:
($25.000).. 103 75
.
Educational Fund. (>rand LodKC
102-60
of Oregon ($11.600)
000 bridge acd $50,000 ferry bonds.
Bond
"iKamsey County. Minn.
E. C.
STANWOOD
95
8b
BANKER8,
Milk Street,
BOSTON.
103-00
108-0026-
Offering,
— Proposals
will
be received until 10 a. m., February 10, by Edw. G. Krahmer. County Auditor, for $13,000 4<g additional jail bonds.
Denominations, $100 and $500. Date, Feb. 20, 1904. Interest
semi-annually at the office of the County Treasurer or in
New York City. Maturity, $6,500 in one year and a like
amount
two
in
years.
Maries, Idaho.— Bond O^ertng'.— Proposals will be received until 8 p. M., February 12, by the Board of Village
Trustees, for |3,700 &% 15-year coupon water- works bonds.
Denominations, five bonds of $500 and one of $200. Certified
check for 2}4i of bid required.
Shelton, Neb.— Bids iJ^/ec^ed- Bond O^ering.— All bids
received January 8 for the $12,500 5^ 5-20-year (optional)
St.
NEW
LOANS.
9, i9u4,
at eight o'clock, P.M.,
and such proposals will be publicly opened at the
meeting of tbe Town Council to be held on Toesday, February 9, 1»' 4, at eight o'clock, P.M
at the
,
West Orange.
accordance with the resolution
of the Town Council, and in pursuance to thelAct of
the Legislature ol the State of New Jersey, entitled
"An Act to authorize two or more municipalities in
this State to jointly c mtraet and maintain outlet or
trunk sewers." approved March 15. ii'99, and the
several supplements thereto. They are dated the first
day of January, 19 4. ana are payable the urst day of
January, 1934. Inl eresl at f our per cent per annum,
payaole eemi annually on the flrst day of July and
January.
Bidders will be required to state the price of their
proposal in writing, in words as well as figures, and
the proposal must contain the name and address of
the person making the same. The envelope must
be endorsed "Proposal for Donds," and if sent i y
mail may be addressed to the undersigned at his
lesidence or delivered to h'm personally at the
Council Chamber between 7:80 and 8 o'flock on the
evening of February 9; but only those that are received by him before the hour above named will be
Council rooms. Valley Street,
in
considered.
Proposals must be accompanied by a certified check
payable to tbe order of tbe Town of West Oranue
for five thousand dollars, and the same will be returned to all but the successful bidder.
Farther particulars and tbe form of the bond may
be had upon application to the undersigned, or to
William Head Howe attorney, 252 Main Street,
Works and
Sewerage Bonds.
Sealed proposals will be received by the undersigned Commissioners of Public Works of the City
of Georgetown, South Carolina, untill 18 o'clock
noon, FEBRUARY IITH, 1904, for tbe purchase of
Seventy-flve Thousand Dollars ($75,000) Five Per
Cent Coupon Water Works and Sewerage Bonds.
Bonds dated December Ist, 1903, payable fO'ty
years from date with privilege of redemption twenty
years from date. Interest payable December Ist
and June 1st, at Bank of Georgetown, S. C, or
Both principal and
National Park Bank, N. Y.
coupons of bonds receivable for municipal taxes
daring year In which they mature, and an annual
sinking fund tax of one fortieth of the whole
bonded debt in aid of retirement and payment of
bonds
proviflea for.
Is
purchaser desires to have bonds lithographed
at his own expense, he most so stale in his proposal.
The only other municipal debt is $75,000 of i%%
Thirty-Year Coupon Refunding Bonds, issued December 1st, 1902, and sold at a premium. City has
no floating indebtedness. The County has no inCertlfled
debtedness, either bonded or flioating.
check for Si ,000, payable to order of J. B. Steele,
Chairman Board of Commissioners of Public Works,
to accompany all bids and to be forfeited In cage of
failure of purchaser to comply with his bid. No
bid for less than par arid accrued interest will be
considered. Bight reservtd to reject any or all bids.
If
Address all bids to tne"H«ardof commissioners
of Public Works" of the City of Georgetown, S.
and endorse plainly on envelope the words, "Bid
for Water Works and Sewerage Bonds."
For farther inforojation, if desired, apply to J. B.
Steele, Chairman.
C
,
J. B.
527 Valley Street,
STEELE.
Commissioners of
Publi* Works.
REID WHITFORD,
I. HAZARD.
reject any
J.
JOSEPH MCDONOUGH, Town Clerk,
S. 0.,
S% Water
Orange.
The Town Council reserves the right to
and all proposals.
LOANS.
of Georgetown,
City
Georgetown,
S.
C, Jan. 18th,
1904.
West Orange.
1904.
S^tatenient of Indebtedness of Town.
Bonded Indebtedness .$168,000
Floating (covered by present issue). 148,607
—
in Sinking Fund
$4,324
Est. v«l. of school houses and lots.. 108.000
Est. val. of fire houses and lot
..
5,000
f301 507
50,000
Sioux City Iowa
Dated January,
Cash
177,324
Assessed valuation real and personal, 1903.4,984,020
Tax rate for i9i)3. per hundred dollars
ii 84
Population, 1900 6.H»9; 19 '3 estimate, 7,6v>0,
1908.
No
Al%
SSS^^f*
Due January,
1918.
option.
Legal for SavlngsBanks in all the NewEngland State*.
Price to net 4 '20 per cent.
C. H.
WHITE & CO,
Investment Secnritles.
51
Perry, Coffin
&
Burr,
C. E.
MUNICIPAL BONDS.
Geo. W. Joseph ($10.000)
A. H. Maegly ($10.896 63)
Securities are in denomination of $500. Date, Jan. 1, 1904
Interest, semi-annual.
Maturity, ten years, subject to cal.
at any time before that date.
Bonds to he Issued Shortly.— T. C. Devlin, City Auditor,
recently announced that he would shortly offer for sale $400,-
'
2,
Sons.Chuurln Kails. 14,317 00
We
Sealed proposals for the purchase of one hundred
and flftr coupon bonds, of the par value of one
thousand dollars each, of the own of West Orange,
w'll be received by the undei'signed up lo Tl Es
Bonds are Issued
.V
Todd & Co., Cincinnati.
U,l^8f>0O
P. 8. lirlnHg »Co..Clnolnnatl. 14,21280
New Ist Nat. B'k. Columbus. 14.«10 00
U. Kle;bolte&Co., Clncln... 14.110 00
tt.
Portland, Ore. Correct Bond Award.—
are informed
that $57,896 58 9% improvement bonds were awarded on January 18, and not $50,500, as was reported in the local papers.
The bonds were awardeci as oUows
4 PER CENT SEWER BONDS
Town
RoKers
W.
14,41060
ESSEX COUNTY, NEAV JERSEY.
DAY, FKBKUAKY
Prrmxuin
Siiv. R'k A Trust Co ,Cln.»570 18
Atliw Nat. Rank. Cincinnati....". Bil7 7b
Npw l«t Nat. B'k.Cohinibuii
470 71}
P. S. ItrlifL'H A Co.. Olnclunntl... 8V» 00
WoBtcrn (ierman Nat. IJ'k, Cln. 186 88
8. A. Koan, Chlcnjro
« 98
Dnlon
Portage and Sammit Connties, Ohio. —ijond {;a/«.— The
highest bid received January 30 for the $14,000
Tinker's
Creek ditch-improvement bonds, described in V. 78, p. 800,
Siso,ooo
TOWN OF WEST ORAN&E
Dated January
Warren,Andrew8 & Co.,
—
INVESTMENT BONDS
Co.,
60 State Street,
BOSTON.
lilBERTV
ST.
Goodman &
3 \fan Street,
Co.,
New York.
Investment Securities.
BANK
STOCKS
I
A
I
SPECIALTY
I
Feb.
THE CHRONICLE.
G, 1904.]
Walden, N. Y.— Bond Sate.— On January 25 $3,000 4% registered street-paving bonds were awarded to the Walden
Savings Bank at par. Denominations, one bond $650, one
bond $750 and two bonds $800 each. Date, Feb. 1, 1904,
Interest annually on August 1. Maturity, one bond yearly
on August 1 from 1905 to 1908, inclusive.
Washington.— JB^nd SaZe.— This State has soldto the State
Permanent School Fund at par $195,000 Shii bonds to pay off
water-works bonds were rejected. Rod C. Smith, Village
Denomis now oflferinpr these bonds at private sale.
ination, $500.
Date, 0,jt. 1, 1903. Interest annually at the
office of the Village Clerk.
The village has no debt at
Clerk,
present.
Sioux Falls, 8. JDah.— 5ond Sale.- On January 4 $22,000
5% refunding bonds were »»old to the Sioux Falls Savings
Bank at par and interest. Denomination, $500. Date, $12,COO July 1, 1903, and $10,000 Jan. 1, 1904. Interest, semiannual. Maturity, 20 years.
Soathamptoii, N. Y —Bond Oj^ertngr.— Proposals will be
received until 7:30 p. m., March 1, by the Village Trustees,
for the $35,0C0 4% macadam-road bonds authorized by a vote
of 100 to 44 at the election held Dec. 28, 1903. Denomination, $500.
Date, April 1, 1904. Interest, January 1 and
July 1 at the Southampton Bank. Maturity, 1918. F, H,
Corwith is Village Clerk.
Stearns County, Mino.— £ond Sale.— On Jan. 28 $3,660 40
Si ditch bonds were sold at par to the Permanent School
Fund of the county. Denominations, four of $500 and one
of $1,680 40. Date, Jan. 23, 1904. Interest annually in July.
Maturity, one bond yearly t'rcm 19C9 to 1913, inclusive.
Sturgeon Falls (Ont.) Separate School District.— I>c6e?i
ture Offering.— Propcaals will be received until March 1 by
Thomas Fournier, Secretary, for $8,0C0 5% 30-year deben-
general-fund warrant?.
,
:
W. R.Tod(l & Co.. Ctnoln
R. Kleybolte & Co.. Clncln
H'eder, HolzmanA Co., Cln...,
Western German Banfc. Cin..
&
:
I
Yau Wert Coanty, Ohio.— Bond Sate.— On February 1
$6,100 5% ditch bonds were awarded to Geo. H. Mar^h of
Van Wert at 101 196. Date of bonds, Feb. 16, 1904, Interest,
$415,611
414,^64
Rhoades & Richmond. N. Y... 41s,560
tt. Kleybolte & Co.. New York. 413,500
N. W.Ual?ey&Co.. NewYork. 418,384
Dick & Robinson. New York... 412,680
418,3i0
First Nat. Bank, York
Chicago
4's
December
"
'•
1,
1,
1,
1,
1,
1,
"
"
*'
«'
1,
1,
1,
1,
«
*«
«
I
TAX EXEMPT,
> JDS,
31/^%
BO
Denomination $1,000. Coupon,
maturing,
igTS,000
i
$200,000
N. Y. CITY, GOLD,
$760,000
$75,00O
$75,000
$75,oOO
$75,000
$75,000
$75,000
$75,000
$75,000
$75,000
1
Denlson, Prior & Co., Cleveland and Boston
$412,125
W J.Hayes* Sons. Cleve
412,007
Harrington & Ellis, New York. 410,080
Kstabrook & Co.. New York.... 408,102
H. O. Peebles & Co., Phila
407,086
INVESTMENTS.
LOANS.
Interest payable June and I»ec. Ist In Chicago.
9,541 00
<Jc
Parkinson & Burr, Boston
N. W. Harris A Co.. N. Y
semi-annual. Maturity, one bond $2,100 Feb. 15, 1905, one
bond $2,000 Feb. 15, 1906, and one bond $2,000 Feb. 15. 19f>7.
of
9,6«3 CO
9,641 75
Snyder,
&
,
I
District
. .
Parsons '&
Cleveland
Fuller,
—
J.— Sond Sate.- On February 3 the $80,000
30-year coupon sewer bonds described in V. 78, p. 302,
were awarded to John D, Everitt
Co., New York City, at
100-30.
Following are the hide
John D. Bverltt & Co.. N. Y. ... 100 30 Karson .Leach & Co.. New York.100-176
Thompson. Tenney & Cra wf ora,
100"167
Kountze Bros. New York
Vailsbnrg, N.
Sanitary
Hayden. Miller & Co., Cleve.
Union Sav B'k 4 Tr. Co.. Cin.
00
50
5n
00
00
00
holding these debentures for a bid of at least par.
Whiteeastle, Parish of Iberville, La— Bond Sate.—The
$10,000 5% gold water bonds, offered but not sold on November 23. have been dif posed of at par to W. J. Pehan. Bonds
were described in V. 77. p. 1557.
Worcester Connty, M.&b».— Temporary Loan, This county
has negotiated a temporary loan of $50,000 with Blake Bros.
& Co.. Boston. Loan was made in anticipation of taxes,
York, Pa.— Bidders.— The following firms submitted bids
on January 28 for the $400,000 ii sewer bonds awarded, as
Burr of Boston for $415,811
stated last week, to Parkinson
&
NEW
9,656
9,663
9.653
9,639
9.630
9.604
Lamprecht Bros. Co.. Cleve. .. P.587 86
& TruftCo., Toledo.
P. 8. Bri«Bs
Co.. Clncln
W.J. Hayes* Sons. Cleve...
9,486 65
Wetasklwin, N. W. T.— Debenture Sate. -The $4,148 5% 7year debentures offered on December 28 have been awarded
to the Canada Life Assurance Co. for $4,100 and interest.
Bids Rejected.— All bids received D-cember 28 for the
$12,000 5% 20 year debentures were rejected. The town is
Sec. Sav.
local parties.
lCO-278
Denomination, $5,000. Date, Dec.
1 and Nov. 1.
Maturity, Nov. 1,
any time.
Ohio.— Bond Sate.- On February 1
$9,000 5% water and fire-department bonds were awarded to
the Provident Savings Bank & Trust Co
Cincinnati, at
107*787. Following are the bids
Prov. Sav. B'k & Tr. Co., Cln. $9,700 80 SeaaonKOOd & Mayer, CInoln.. $9,595 60
Well, Hoth A Co.. Cincinnati. 9,«64 00 New Ist Nat. Bank. Coin m bus. O.essoo
Uniontown (Pa.) School District.— i5ond Sate.—The $45,000 4% 2-16- year (serial) bonds referred to in the Chronicle
Dec. 12, 1903, have all been sold at par— $83,500 to Trowbridge
Niver Co. of Chicago and the remaining $11,500 to
New York
May
Interest,
1903.
1923, subject to call at
Washington C. H.,
81,
tures.
4^i
597
1905— Price lOO^s and
1907- " lO0%
1909— " 101i«
1911— " 10138
1913— *• 101^
1915- " 102
1917— •' IO214
1919- " 102>a
1921- «< 102S*>
1923- " 103
Due Novembfir, 1933.
interest.
"
"
"
"
CAMMBANKERS,
AN N &
CO.
45 Broadway,
»*
"
"
"
"
Tel.
1837 Broad.
BOND DEPARTMENT.
FINANCIAL STATEMENT.
Equalized value of property, 1903
Estimated real value of property
Total debt, including tills issue
Population of District
$431,035,443
2,500,000,000
17,565,000
l,SO0,O0O
FARSON,
35
L EACH &
NASSAU STREET,
Chicago,
CO.,
Offers
NEW YORK.
CHICAGO
R.
AND
Public
Service
CorporatioD
E.H.ROLLINS & SONS,
BOSTON.
Denrer.
San Francisco.
Chicago.
T. B. POTTER,
MUNICIPAL and Dnkine
CORPORATION DUN US,
-
.
DAY
-
LIST ON APPLICATION.
& CO.,
ILI,».
Municipal and Cor-
Railroad,
yielding investors 4% to 5}4^.
Printed
BANKERS,
8 Nassau
NEW
and prices
application.
lists
upon
Street,
YORK.
SECURE BANK VAULTS.
MEMBERS
YOEK
AND BOSTON
NEW
STOCK EXCHANGES.
STATE, MUNICIPAL AND HIGH GRADE
RAILROAD SECURITIES.
VICKER8
A
PHELPS,
29 Wall Street
172 WashiE^ton Street,
CHICAGO,
L.
40 Water Street,
BOSTON.
BONDS.
Illinois.
poration Bonds, conservatively issued,
BOSTON
PBIIiADELPHIA
MUNICIPAL
THE AMERICAN TRUST
& SAYINGS BANK,
New York
BROKERS IN INVESTMENT
SECURITIES.
QENOINE
WELDED CHROME STEEL AND IRON
aoand and Flat
jsars
and 6-Plr Platet and Analft
FOR SAFK8, VAULTS,
Cannot be Sawed, Cat
or Drilled,
Ac.
and poiitlrelr
BurRlar Proof.
CHROME STEEL WORKS.
Kent Aye., Keap and Hooper
BaleMan'remtntheD.S
Sta.,
BROOKLYN, N. T
.
:
THE CHRONICLE.
598
giuauciaX.
NEW YORK
Ifitiattcial.
BOWLING GREEN
TRUST CO.,
CITY
3^% GOLD
The American Mfg. Co.
TAX-EXEfVIPT BONDS.
MANILA SISAL AND JUTE
CORDAGE.
T.W.STEPHENS
New
2 Wall Street,
CO.
&.
65
Wall
Capital, $2,500,000 8urpln8,$2,500,000
OFFICERS!
EDWIN GOUL.U
New
Street,
BROADWAY, NEW YORK.
26
York.
U
WILLIAM
LAWS
M.
Heoretnrr
DIRECTORS:
Millions of acres In the senil-arid West,
until recently considered wortlilees,
are now being succeBsfully cultivated
Municipal Bonds,
171 LA SALLE STREET,
Methods
CHICAGO.
the dlversifleation of crops, tind the growing
of iic«v s:raliiH and sraMseo, Introduced by
the U. S. Department of Agriculture and State
Agricultural College experiment stations.
We ofler such lands at low prices and on easy
terms to investors or settlers. Write for facts,
figures and maps. Mention this paper.
LNION PACIFIC RR.
CO.,
Omaha, Keb.
FULTON & CO.,
F.R.
through
Scientific Agricultural
President
WII..liIAni Il.TAYI.OR....liiit Vice-I'rea.
ad Vlce-Pre«.
ClIAS. P. ARIYISTltONG
J I.VON, 3d Vlce-Pres. <fc Treaa.
J UUN A.
York.
LAND BARGAINS.
]:iA>D DEPT..
[Vol. Lxxviii.
Mjron T. Uerrlok.
Edward T. Jeflery,
Edward R. Ladew,
Charles P. Armstrong,
Frank Bralnard,
Robert C. Clowry,
Edmund C. Converse,
Wm. Nelson Cromwell.
Grenvllle M. Dodge,
Ashbel P. Fitch,
Edwin Gould,
William M. Laws,
W. Mlddendorf,
William Willis Merrill
J.
Winslow
S. Pierce,
Frederick B. Schenck,
William H. Taylor,
Edward R. Thomas,
Frank Jay Gould,
George J. Gould,
John A. Hilton,
John P. Trnesdell,
E. F. C. Young.
INVESTMENT BONDS.
SEND FOR
LIST.
TRUST
+"
OENISON, PRIOR & GO.
CLEVELAND.
No.
34TH
BOSTON.
No. 100
06
*
CO.
BROADWAY,
ST.
«fc
FIFTH AVE.
WEST laSTH STREET.
THIRD AVENUE & 148TH STREET.
PARSON. LEAOH &
MacDonald, McCoy
00..
MUHIOIPAL AND
f7i
MEW YORK,
La
CHARLES
T. BARNEY, President.
FBBD'K L. BLDRlDGE.lst Vice-President.
JOSEPH T. BROWN, 2d Vice-President.
JULIAN M. GERARD, 3d Vice-President.
B. L. ALLEN, 4th Vice-President.
FBBD'K GORE KING, Sec. and Treas.
J,
McLEAN WALTON, Asst. Secretary.
HARRIS A. DUNN. Asst. Treasurer
Salle Street. CtilcaR:o.
TRUST DEPARTMENT:
WILLIAM
B08T0II
PHILiADELFHIA
VVE
CORPORA T/O/t
BONDSe
Public Securities,
•HICAGU.
dc Co.,
RANDALL, Trust
Officer.
HARIiEM BRANCH:
The Audit Company
W.
F.
LEWIS, Manager.
BRONX BRANCH:
NewBELBIONT
York.
OF AUGUST
OWN AND OFFER
B.
JOHN BAMBEY,
Manager.
Acting President.
SIOO,000
NEW YORK
WILLIAM
JOHN
NASH,
MITCHKLL
J.
Vice-Presidents.
L. GREENE,
THOMAS
CITY
Tax Exempt Registered
A.
Vice-President and General Manager.
GEORGE W. YOUNG. Treasurer
3J^s,
The Merchants*
Loan & Trust Company.
Audits,
Chicago.
PRICE ON APPLICATION.
ESTABLISHED
Examinations, Appraisals.
Rudolph Kleybolte&Co.
1
NASSAU STREET, NEW YOEK.
'
CINCINNATI.
CHICAGO.
Adrian H. Muller
& Son
AUCTIONEERS,
Regular Weekly Sales
Mutual Life Buildings,
43 Cedar Street
PHILiADELPHIA.
CHICAGO.
THE AUDIT COMPANY
OF ILLINOIS,
NEW YORK
OF
STOCKS
and
BONDS
Public
ETEBT WEDNESDAI.
•ae« No. 66
STREET,
IXriIililAM
C*mer Fine
W. H.
CAPITAL.
NEW YORK:
8tre«t.
Patterson
LIFE BUILDING
CHICAQO.
Aocountants and Audiiort.
&
Co.,
ATLANTA, GA.
DEALERS IN HIGH-GRADE STEAM,
STREET RAILW^AY
OTHER BONDS
TO
U.
A.
Co.,
(INCORPORATED.)
COMMERCIAL PAPER,
9.
i.
W, Cor. Monroe & La
WHITIVG'S PAPERS.
ti.
A RTTH]iB,CaBh'r Nat'l Live Stock Bank, Chioasro.
Waxsh, Pres. Chicago National Bank, Chicago
A WALTOW, V..Pre«. Equitable Triuit Co., Chicago
R.
Salle Sts., Chicago.
For Baslness Correspondeuce,
Whether
bond;
'^S
TOCK
rriFICATES
'Handsomely engraved. oiVi^hVi^r style (not cheap looking)
partly printed from ty»A Spi™ for samples and estimates.
100 CertHlcaUs, $J tq/<25;)(^e\press.
Alb<
.\\g
togi/vers anJ
S.
DIRECTORS
Cyrus H. McCormlok,
Marshall Field,
Lambert Tree,
Albert Keep.
Erskine M. Phelps, Moses J. Wentworth,
E. H. Garr,
Bnos M. Barton.
Chaunoey Keep,
T. J. Lefens,
Clarence A. Burley, B. D. Huibert,
Orson Smith.
W. LITTLE, Vice-President.
0. D. ORGAN, Seo. and Treat.
C. W. KNIBBLY, Manager
DIRECTORS:
A^. G. BBOKiB, A. G. Becker & Co., Chicago.
V. W. LITTLI, V,-Pres. Peoria Gas & Bleo. Co., Peorl a
CORRESPONDENCE INVITED.
&
AcoountJ Solicited.
High Grade Bonds,
Trust Department,
Savings Department,
Foreign Department,
Safe Deposit Vaults.
WALTON, PTMldent.
6%.
A. G. Becker
86,000,000
OFFICHE8
<fe
4!^%
AND SURPLUS,
GENERAL BANKING.
F.
214-215 216 Prudential Bldg.,
NETTING
1857.
(OS \yilllam Street.
$I.SO.
&
Quick Work,
Co.,
for letter written with your
own hand, or
by the typewriter, are UNBQUALED. Their quality
Is assured and they have won hijihest honors at all
the great World's Fairs. For high grade writing
papers of nil kinds, for bond papers, and for ledger
papers, insist on baviag them made by the
WHITING PAPER COMPANY,
HOLYOHE. MASS.
J?lioaraphers,
New York CHy.
New
York.
Philadelphia.
Chicaoro.
@FedFRASER